RUDOLF SCHMITZ -B.

VANESSA MEJÍA
JULIANA ROSALES
GABRIELA CHÁVEZ
PAOLA ZABALA

BEBIDAS BOLIVIANAS SA
Estados financieros al 31 de Marzo de 

BALANCE GENERAL 2018 2019

ACTIVO
Activo corriente
Disponibilidades 1,287,801.00 8,642,938.00
Creditos Comerciales 19,271,577.00 17,115,872.00
Otras cuentas por cobrar 4,986,346.00 5,550,550.00
Existencias 33,603,938.00 25,911,223.00
Total del activo corriente 59,149,662.00 57,220,583.00
Activo no corriente
Activo Fijo (Neto) 177,715,547.00 150,820,638.00
Cargos diferidos 522,226.00 475,632.00
Activos Intangibles 18,904,105.00 19,632,991.00
Total del activo no corriente 197,141,878.00 170,929,261.00
TOTAL DEL ACTIVO 256,291,540.00 228,149,844.00
PASIVO Y PATRIMONIO
PASIVO
Pasivo corriente
Deudas comerciales 26,457,643.00 23,122,030.00
Deudas Fiscales y sociales 11,749,846.00 13,808,388.00
Deudas Bancarias y Financieras 8,712,960.00 6,830,134.00
Otras deudas 4,917,747.00 2,323,755.00
Total del pasivo corriente 51,838,196.00 46,084,307.00
Pasivo no corriente
Prevision para indemnizaciones 7,848,152.00 8,814,639.00
Deudas Bancarias y Financieras 65,433,621.00 62,420,235.00
Total del pasivo no corriente 73,281,773.00 71,234,874.00
TOTAL DEL PASIVO 125,119,969.00 117,319,181.00
PATRIMONIO
Capital pagado 178,149,000.00 199,029,000.00
Ajuste de Capital 589,608.00 4,527,832.00
Ajuste de Reservas Patrimoniales - 3,256.00 - 3,323.00
Resultados Acumulados - 47,563,781.00 - 92,722,846.00
Total del patrimonio Neto 131,171,571.00 110,830,663.00
TOTAL DEL PASIVO Y PATRIMONIO 256,291,540.00 228,149,844.00

ANÁLISIS HORIZONTAL
BG (Expresado en Bs.) 2019
ACTIVO
Activo corriente
Disponibilidades 571.1%
Creditos Comerciales -11.2%
Otras cuentas por cobrar 11.3%
Existencias -22.9%
Total del activo corriente -3.3%
Activo no corriente
Activo Fijo (Neto) -15.1%
Cargos diferidos -8.9%
Activos Intangibles 3.9%
Total del activo no corriente -13.3%
TOTAL DEL ACTIVO -11.0%
PASIVO Y PATRIMONIO
PASIVO
Pasivo corriente
Deudas comerciales -12.6%
Deudas Fiscales y sociales 17.5%
Deudas Bancarias y Financieras -21.6%
Otras deudas -52.7%
Total del pasivo corriente -11.1%
Pasivo no corriente
Prevision para indemnizaciones 12.3%
Deudas Bancarias y Financieras -4.6%
Total del pasivo no corriente -2.8%
TOTAL DEL PASIVO -6.2%
PATRIMONIO
Capital pagado 11.7%
Ajuste de Capital 667.9%
Ajuste de Reservas Patrimoniales 2.1%
Resultados Acumulados 94.9%
Total del patrimonio Neto -15.5%
TOTAL DEL PASIVO Y PATRIMONIO -11.0%
 2020 2021 2022

22,397,545.00 25,097,802.00 2,688,684.00

14,047,517.00 9,647,545.00 10,397,435.00
3,908,446.00 3,925,859.00 3,929,194.00
28,693,657.00 29,411,864.00 30,955,952.00
69,047,165.00 68,083,070.00 47,971,265.00

164,314,633.00 156,426,781.00 149,923,303.00

495,766.00 421,772.00 593,035.00
20,442,514.00 20,304,093.00 20,047,269.00
185,252,913.00 177,152,646.00 170,563,607.00
254,300,078.00 245,235,716.00 218,534,872.00

26,604,848.00 21,627,107.00 28,598,762.00

10,768,796.00 13,132,510.00 10,734,589.00
403,435.00 19,891,061.00 19,619,157.00
1,587,723.00 1,610,362.00 79,777.00
39,364,802.00 56,261,040.00 59,032,285.00

7,097,402.00 8,569,388.00 8,438,588.00

103,177,500.00 94,782,187.00 103,177,500.00
110,274,902.00 103,351,575.00 111,616,088.00
149,639,704.00 159,612,615.00 170,648,373.00

175,517,000.00 153,517,000.00 81,459,000.00

8,567,554.00 10,071,145.00 10,071,145.00
- - -
- 79,424,180.00 - 77,965,045.00 - 43,643,646.00
104,660,374.00 85,623,100.00 47,886,499.00
254,300,078.00 245,235,715.00 218,534,872.00

2020 2021 2022 TENDENCIAS

159.1% 12.1% -89.3%

-17.9% -31.3% 7.8%
-29.6% 0.4% 0.1%
10.7% 2.5% 5.2%
20.7% -1.4% -29.5%

8.9% -4.8% -4.2%

4.2% -14.9% 40.6%
4.1% -0.7% -1.3%
8.4% -4.4% -3.7%
11.5% -3.6% -10.9%

15.1% -18.7% 32.2%

-22.0% 21.9% -18.3%
-94.1% 4830.4% -1.4%
-31.7% 1.4% -95.0%
-14.6% 42.9% 4.9%

-19.5% 20.7% -1.5%

65.3% -8.1% 8.9%
54.8% -6.3% 8.0%
27.5% 6.7% 6.9%

-11.8% -12.5% -46.9%

89.2% 17.5% 0.0%
-100.0% 0.0% 0.0%
-14.3% -1.8% -44.0%
-5.6% -18.2% -44.1%
11.5% -3.6% -10.9%
Variación año 2019-2018 Variación año 2020-2019
VAR. BS. VAR. % VAR. BS. VAR. %
ACTIVO ACTIVO
Activo corriente Activo corriente
7,355,137.00 571.1% 13,754,607.00 159.1%
- 2,155,705.00 -11.2% - 3,068,355.00 -17.9%
564,204.00 11.3% - 1,642,104.00 -29.6%
- 7,692,715.00 -22.9% 2,782,434.00 10.7%
- 1,929,079.00 -3.3% 11,826,582.00 20.7%
Activo no corriente Activo no corriente
- 26,894,909.00 -15.1% 13,493,995.00 8.9%
- 46,594.00 -8.9% 20,134.00 4.2%
728,886.00 3.9% 809,523.00 4.1%
- 26,212,617.00 -13.3% 14,323,652.00 8.4%
- 28,141,696.00 -11.0% 26,150,234.00 11.5%
PASIVO Y PATRIMONIO PASIVO Y PATRIMONIO
PASIVO PASIVO
Pasivo corriente Pasivo corriente
- 3,335,613.00 -12.6% 3,482,818.00 15.1%
2,058,542.00 17.5% - 3,039,592.00 -22.0%
- 1,882,826.00 -21.6% - 6,426,699.00 -94.1%
- 2,593,992.00 -52.7% - 736,032.00 -31.7%
- 5,753,889.00 -11.1% - 6,719,505.00 -14.6%
Pasivo no corriente Pasivo no corriente
966,487.00 12.3% - 1,717,237.00 -19.5%
- 3,013,386.00 -4.6% 40,757,265.00 65.3%
- 2,046,899.00 -2.8% 39,040,028.00 54.8%
- 7,800,788.00 -6.2% 32,320,523.00 27.5%
PATRIMONIO PATRIMONIO
20,880,000.00 11.7% - 23,512,000.00 -11.8%
3,938,224.00 667.9% 4,039,722.00 89.2%
- 67.00 2.1% 3,323.00 -100.0%
- 45,159,065.00 94.9% 13,298,666.00 -14.3%
- 20,340,908.00 -15.5% - 6,170,289.00 -5.6%
- 28,141,696.00 -11.0% 26,150,234.00 11.5%
Variación año 2021-2020 Variación año 2022-2021
VAR. BS. VAR. % VAR. BS. VAR. %
ACTIVO ACTIVO
Activo corriente Activo corriente
2,700,257.00 12.1% - 22,409,118.00 -89.3%
- 4,399,972.00 -31.3% 749,890.00 7.8%
17,413.00 0.4% 3,335.00 0.1%
718,207.00 2.5% 1,544,088.00 5.2%
- 964,095.00 -1.4% - 20,111,805.00 -29.5%
Activo no corriente Activo no corriente
- 7,887,852.00 -4.8% - 6,503,478.00 -4.2%
- 73,994.00 -14.9% 171,263.00 40.6%
- 138,421.00 -0.7% - 256,824.00 -1.3%
- 8,100,267.00 -4.4% - 6,589,039.00 -3.7%
- 9,064,362.00 -3.6% - 26,700,844.00 -10.9%
PASIVO Y PATRIMONIO PASIVO Y PATRIMONIO
PASIVO PASIVO
Pasivo corriente Pasivo corriente
- 4,977,741.00 -18.7% 6,971,655.00 32.2%
2,363,714.00 21.9% - 2,397,921.00 -18.3%
19,487,626.00 4830.4% - 271,904.00 -1.4%
22,639.00 1.4% - 1,530,585.00 -95.0%
16,896,238.00 42.9% 2,771,245.00 4.9%
Pasivo no corriente Pasivo no corriente
1,471,986.00 20.7% - 130,800.00 -1.5%
- 8,395,313.00 -8.1% 8,395,313.00 8.9%
- 6,923,327.00 -6.3% 8,264,513.00 8.0%
9,972,911.00 6.7% 11,035,758.00 6.9%
PATRIMONIO PATRIMONIO
- 22,000,000.00 -12.5% - 72,058,000.00 -46.9%
1,503,591.00 17.5% 0.0%
0.0% 0.0%
 1,459,135.00 -1.8% 34,321,399.00 -44.0%
- 19,037,274.00 -18.2% - 37,736,601.00 -44.1%
- 9,064,363.00 -3.6% - 26,700,843.00 -10.9%
BEBIDAS BOLIVIANAS SA
Estados financieros al 31 de Marzo de 

ER(Expresado en bs) 2018

Ventas 223,342,035
Costo de venta - 137,387,320
Ganancia bruta 85,954,715

Gastos operativos
Gastos de comercialización - 96,690,912
Gastos de administración - 16,505,053
Depreciación - 16,669,771
Perdida operativa - 43,911,021

Otros ingresos (egresos)

Gastos financieros - 4,468,551
Ajuste por inflacion y tenencia de bienes 1,675,225
Otros ingresos (egresos) netos - 395,064

Ganancia neta del ejercicio - 47,099,411

ANÁLISIS HORIZONTAL

ER(Expresado en bs) 2018

Ventas
Costo de venta
Ganancia bruta

Gastos operativos
Gastos de comercialización
Gastos de administración
Depreciación
Perdida operativa

Otros ingresos (egresos)

Gastos financieros
Ajuste por inflacion y tenencia de bienes
Otros ingresos (egresos) netos
Ganancia neta del ejercicio
 2019 2020 2021 2022
246,282,090 250,231,325 216,237,107 184,642,690.00
- 150,869,376 - 147,049,103 - 129,928,206 - 114,183,091
95,412,714 103,182,222 86,308,901 70,459,599

- 98,626,751 - 95,488,798 - 78,724,659 - 74,846,340

- 18,587,001 - 18,589,353 - 18,783,936 - 21,872,355
- 20,099,742 - 12,941,593 - 10,407,219 - 7,965,114
- 41,900,780 - 23,837,522 - 21,606,913 - 34,224,210

- 4,946,145 - 5,719,250 - 6,352,722 - 6,358,568

858,881 608,444 423,312 38
1,802,897 936,298 7,644,190 2,846,139

- 44,185,147 - 28,012,030 - 19,892,133 - 37,736,601

2019 2020 2021 2022

10.27% 1.60% -13.59% -14.61%
9.81% -2.53% -11.64% -12.12%
11.00% 8.14% -16.35% -18.36%

2% -3.18% -17.56% -4.93%

12.61% 0.01% 1.05% 16.44%
User1:
20.58% -35.61% -19.58% -23.47% Sigue la disminucion
-4.58% -43.11% -9.36% 58.39%

10.69% 15.63% 11.08% 0.09%

-48.73% -29.16% -30.43% -99.99%
-556.36% -48.07% 716.43% -62.77%
-6.19% -36.60% -28.99% 89.71%
 Variación año 2019-2018
VAR. BS. VAR. %
22,940,055 10.3%
- 13,482,056 9.8%
9,457,999 11.0%

Gastos operativos
- 1,935,839 2.0%
- 2,081,948 12.6%
- 3,429,971 20.6%
2,010,241 -4.6%

Otros ingresos (egresos)

- 477,594 10.7%
- 816,344 -48.7%
2,197,961 -556.4%

2,914,264 -6.2%

TENDENCIAS

User1:
Sigue la disminucion
Variación año 2020-2019 Variación año 2021-2020
VAR. BS. VAR. % VAR. BS. VAR. %
3,949,235 1.6% - 33,994,218 -13.6%
3,820,273 -2.5% 17,120,897 -11.6%
7,769,508 8.1% - 16,873,321 -16.4%

Gastos operativos Gastos operativos

3,137,953 -3.2% 16,764,139 -17.6%
- 2,352 0.0% - 194,583 1.0%
7,158,149 -35.6% 2,534,374 -19.6%
18,063,258 -43.1% 2,230,609 -9.4%

Otros ingresos (egresos) Otros ingresos (egresos)

- 773,105 15.6% - 633,472 11.1%
- 250,437 -29.2% - 185,132 -30.4%
- 866,599 -48.1% 6,707,892 716.4%

16,173,117 -36.6% 8,119,897 -29.0%

Variación año 2022-2021
VAR. BS. VAR. %
- 31,594,417.00 -14.6%
15,745,115.00 -12.1%
- 15,849,302.00 -18.4%

Gastos operativos
3,878,319.00 -4.9%
- 3,088,419.00 16.4%
2,442,105.00 -23.5%
- 12,617,297.00 58.4%

Otros ingresos (egresos)

- 5,846.00 0.1%
- 423,274.00 -100.0%
- 4,798,051.00 -62.8%

- 17,844,468.00 89.7%
Gastos Administrativos 2019 2018
Sueldos y Salarios 6,838,896 6,143,571
Cargas Sociales 2,756,681 2,181,339
Gastos de mantenimiento 752,861 238,843
Gastos de Personal 1,410,071 1,070,479
Gastos honorarios por servicios contratados 1,934,474 1,721,945
Gastos de impuestos 1,420,490 1,230,290
Gastos Generales 458,588 375,538
Suministros de oficina 172,390 111,011
Alquileres 264,918 222,772
Fletes y Transportes 62,675 57,769
Pasajes, viaticos y hospedajes 129,245 162,154
Gastos de Servicios Basicos 992,790 1,035,154
Gastos de Seguros 828,954 1,060,333
Gastos Legales 563,968 1,231,813
TOTALES 18,587,001 16,843,011

Gastos Comercializacion 2021 2020

Publicidad y promociones 10,156,997 21,681,385
Fletes y Transportes 16,815,355 20,208,718
Sueldos y Salarios 18,977,329 20,493,914
Impuesto a las transacciones 8,719,050 10,112,619
Cargas Sociales 6,472,466 7,171,698
Gastos de mantenimiento 336,246 656,713
Pasajes, viaticos y hospedajes 833,791 1,084,442
Suministros de oficina 511,148 579,385
Gastos de personal 1,581,401 1,598,378
Gastos Generales 1,808,412 1,745,267
Cuentas incobrables 317,748 140,454
Alquileres 4,886,573 3,863,058
Gastos de horarios por servicios contratados 7,308,142 6,152,768
TOTALES 78,724,658 95,488,799

Gastos Comercializacion 2022 2021

Gastos de horarios por servicios contratados 4,351,696 7,308,142
Impuesto a las transacciones 7,216,174 8,719,050
Cuentas incobrables -522,611 317,748
Cargas Sociales 6,206,477 6,472,466
Fletes y Transportes 16,743,267 16,815,355
Sueldos y Salarios 18,937,801 18,977,329
Gasto de Personal 1,552,597 1,581,402
Pasajes, viaticos y hospedajes 817,310 833,791
Suministros de Oficina 547,061 511,148
Gastos de mantenimiento 586,230 336,246
Gastos Generales 2,167,330 1,808,412
Alquileres 5,288,464 4,886,573
Publicidad y promociones 10,954,544 10,156,997
TOTALES 74,846,340 78,724,659

Gastos Administrativos 2022 2021

Gastos honorarios por servicios contratados 6,069,187 2,091,866
Alquileres 1,044,592 555,110
Gastos Legales 976,538 819,418
Gastos de Servicios Basicos 978,206 881,857
Pasajes, Viaticos y hospedaje 98,865 45,514
Gastos de Personal 1,197,648 1,207,311
Gastos de Seguros 987,723 1,000,095
Fletes y Transportes 48,713 63,348
Suministros de oficina 105,327 189,086
Gastos de mantenimiento 549,498 642,612
Gastos generales 422,729 528,739
Sueldos y Salarios 6,936,327 7,066,986
Cargas Sociales 2,087,429 2,240,931
Gastos de impuestos 369,573 1,451,063
TOTALES 21,872,355 18,783,936
VAR % Porcentaje del Total
-695,325 11.32% 39.87%
-575,342 26.38% 32.99%
-514,018 215.21% 29.47%
-339,592 31.72% 19.47%
-212,529 12.34% 12.19%
-190,200 15.46% 10.91%
-83,050 22.11% 4.76%
-61,379 55.29% 3.52%
-42,146 18.92% 2.42%
-4,906 8.49% 0.28%
32,909 -20.29% -1.89%
42,364 -4.09% -2.43%
231,379 -21.82% -13.27%
667,845 -54.22% -38.29%
-1,743,990 100%

VAR % Porcentaje del Total

11,524,388 -53.15% 68.74%
3,393,363 -16.79% 20.24%
1,516,585 -7.40% 9.05%
1,393,569 -13.78% 8.31%
699,232 -9.75% 4.17%
320,467 -48.80% 1.91%
250,651 -23.11% 1.50%
68,237 -11.78% 0.41%
16,977 -1.06% 0.10%
-63,145 3.62% -0.38%
-177,294 126.23% -1.06%
-1,023,515 26.49% -6.11%
-1,155,374 18.78% -6.89%
16,764,141 100%

VAR % Porcentaje del Total

2,956,446 -40.45% 76.23%
1,502,876 -17.24% 38.75%
840,359 -264.47% 21.67%
265,989 -4.11% 6.86%
72,088 -0.43% 1.86%
39,528 -0.21% 1.02%
28,805 -1.82% 0.74%
16,481 -1.98% 0.42%
-35,913 7.03% -0.93%
-249,984 74.35% -6.45%
 -358,918 19.85% -9.25%
-401,891 8.22% -10.36%
-797,547 7.85% -20.56%
3,878,319 100%

VAR % Porcentaje del Total

-3,977,321 190.13% 128.78%
-489,482 88.18% 15.85%
-157,120 19.17% 5.09%
-96,349 10.93% 3.12%
-53,351 117.22% 1.73%
9,663 -0.80% -0.31%
12,372 -1.24% -0.40%
14,635 -23.10% -0.47%
83,759 -44.30% -2.71%
93,114 -14.49% -3.01%
106,010 -20.05% -3.43%
130,659 -1.85% -4.23%
153,502 -6.85% -4.97%
1,081,490 -74.53% -35.02%
-3,088,419 100%