Projected Demand(in liters)

2018
2017
2016
2015
2014

Diesel
1,940,799
1,764,363
1,603,966
1,458,151
1,325,592

Premium
1,353,452
1,230,411
1,118,555
1,016,869
924,426

Projected Demand with safety stock(in liters)

Diesel
Premium
2018
1,945,799
2017
1,769,363
2016
1,608,966
2015
1,463,151
2014
1,330,592
Drop in Prices(in percentage)
2018
2017
2016
2015
2014
Drop in Prices(in Pesos)
2018
2017
2016
2015
2014
Selling Price
2018
2017
2016
2015
2014

unleaded
1,831,642
1,665,129
1,513,754
1,376,140
1,251,036

unleaded
1,356,452
1,233,411
1,121,555
1,019,869
927,426

0.17
-0.12
0.17
-0.2
37

1,836,642
1,670,129
1,518,754
1,381,140
1,256,036

0.08
-0.26
0.1135
0.3
41.5

0.08
-0.26
0.1135
0.3
41

38.01
37.94
37.99
37.92
38.00

42.60
42.56
42.68
42.63
42.50

42.10
42.06
42.17
42.13
42.00

4.00
42.01
41.94
41.99
41.92
42.00

8.00
50.60
50.56
50.68
50.63
50.50

8.00
50.10
50.06
50.17
50.13
50.00

Total Purchases Per Yearwith S.S

Diesel
Premium
Unleaded
2018
73,954,746.06
57,783,471.90
77,318,602.31
2017
67,134,734.37
52,500,046.86
70,252,571.77
2016
61,122,170.07
47,863,368.71
64,051,628.65
2015
55,488,546.11
43,474,448.75
58,181,886.79
2014
50,562,496.00
39,415,605.00
52,753,512.00
Ending Inventory
2014

190,000.00

127,500.00

210,000.00

2015
2016
2017
2018

50,372,496.00
189,620.00
189,942.35
189,714.42
190,036.94

39,288,105.00
127,882.50
128,027.65
127,694.77
127,796.93

52,543,512.00
210,630.00
210,869.07
210,320.81
210,489.06

Orders per year

total
5,125,893
4,659,903
4,236,275
3,851,159
3,501,054

2018
2017
2016
2015
2014

5,138,893
4,672,903
4,249,275
3,864,159
3,514,054

Orders per week

2018
2017
2016
2015
2014

total

Diesel

liters per week

2018
2017
2016
2015
2014
liter per day
2018
2017
2016
2015
2014

Total
209,056,820.27
189,887,353.00
173,037,167.42
157,144,881.64
142,731,613.00

527,500.00

129.7
118.0
107.3
97.5
88.7

Premium
135.6
123.3
112.2
102.0
92.7

2.5
2.3
2.1
1.9
1.7

2.6
2.4
2.2
2.0
1.8

37,419.22
34,026.21
30,941.66
28,137.52
25,588.31

26,085.62
23,719.44
21,568.37
19,612.86
17,835.12

5,345.60
4,860.89
4,420.24
4,019.65
3,655.47

3,726.52
3,388.49
3,081.20
2,801.84
2,547.87

Total Sales per year

Diesel
Premium
2018
81,527,906.11
68,483,291.82
2017
74,002,471.75
62,215,640.14
2016
67,348,092.99
56,683,784.74
2015
61,131,530.91
51,481,515.05
2014
55,674,864.00
46,683,513.00

142,204,113.00
528,132.50
528,839.07
527,730.00
528,322.93

unleaded
122.4
111.3
101.3
92.1
83.7

2.4
2.1
1.9
1.8
1.6

35,320.03
32,117.86
29,206.80
26,560.38
24,154.54

5,045.72
4,588.27
4,172.40
3,794.34
3,450.65

Unleaded
Total
91,761,247.71
241,772,445.64
83,363,282.30
219,581,394.18
75,950,788.06
199,982,665.79
68,980,373.59
181,593,419.54
62,551,800.00
164,910,177.00

Gas2Go Company
Initial Fixed Asset
Schedule 1: Initial Fixed Investment
Land(1300sqm)
Building-office
Building-station
Equipment:
Underground fuel tank(3)
Standby Generator
Fuel Dispenser(3)
Security Camera(9)
Furnitures and Fixtures:
Aircon-Split-Type
Aircon- Window Type
Office Computer(4)
Office Printer
Office Chair(5)
Office Table
Office Filing Cabinet
Couch(2)
Conference Table
Fire Extinguisher(3)
Conference Chair(8)
Total Fixed Initial Investment

9,100,000.00
4,320,000.00
2,020,000.00
2,000,000.00
240,000.00
1,200,000.00
24,300.00
18,860.00
17,498.00
92,000.00
8,800.00
18,450.00
17,700.00
18,000.00
25,500.00
12,850.00
5,400.00
28,000.00

3,464,300.00

263,058.00
19,167,358.00

Training Cost
Total Pre-Operat

Gas2Go Company
Pre Operating Expenses
Schedule 2: Pre Operating Expenses
DTI
BIR Registration
Annual Registration Fee
Certification
SEC Registration
Filling Fee
Legal Researcher Fee
Registration of Articles and by-laws
Certificate of Deposit from Bank
Name Reservation
City Registration
Mayor's Permit
Signboard Display
Sanitary Permit
Registration of Book of Accounts
DST form-2000
Garbage Collection
Building/Premises Safety/Inspection Fee
Fire/Electricity Safety/Inspection Fee
Business Plate
Business Sticker
Printing of Invoices and Receipts
Zoning Permit:
Community Tax Certificate
Brgy. Clearance
Total Permit Fee
Professional Fee for filing works
Training Cost
Total Pre-Operating Expense

515.00
500.00
15.00

515.00

10,000.00
1,015.00
500.00
200.00
40.00

11,755.00

1,000.00
70.00
100.00
400.00
125.00
2,000.00
200.00
200.00
3,500.00
50.00
2,000.00

9,645.00

500.00
500.00

1,000.00
23,430.00
20,000.00
5,000.00
48,430.00

Gas2Go Company
Initial Working Capital
Schedule 3: Initial Working Capital
Raw Materials Purchases(Net Payables)
Office and Store Supplies
Total
Divided by 360 days
Multiply by 5(cash Conversion Cycle)
Total

142,204,113.00
5,392.00
142,209,505.00
360.00
5.00
1,975,132.01

Gas2Go Company
Total Investment
Total Cost of Investment
Initial Fixed Investment (Schedule 1)
Pre-Operating Expenses (Schedule 2)
Initial Working Capital (Schedule 3)
Contingencies
Total Investment

19,167,358.00
48,430.00
1,975,132.01
357,705.74
21,548,625.75

2015
2016
2017
2018

Insurance Expense(Admin)
Building
Rate
Annual Insurance Expense
4,320,000.00
0.212%
9,158.40
4,310,841.60
0.212%
9,138.98
4,301,702.62
0.212%
9,119.61
4,292,583.01
0.212%
9,100.28
4,283,482.73
0.212%
9,080.98

Year

Insurance Expense(Selling)
Building
Rate
Annual Insurance Expense

Year
2014

2014
2015
2016
2017

2,020,000.00
2,015,717.60
2,011,444.28
2,007,180.02

0.212%
0.212%
0.212%
0.212%

4,282.40
4,273.32
4,264.26
4,255.22

2018

2,002,924.80

0.212%

4,246.20

2014
2015
2016
2017
2018

Real Property Tax Expense (Admin)

Building
Rate
Annual Real Property Tax
4,320,000.00
1.00%
43,200.00
4,276,800.00
1.00%
42,768.00
4,234,032.00
1.00%
42,340.32
4,191,691.68
1.00%
41,916.92
4,149,774.76
1.00%
41,497.75

2014
2015
2016
2017
2018

Real Property Tax Expense (selling)

Building
Rate
Annual Real Property Tax
2,020,000.00
1.00%
20,200.00
1,999,800.00
1.00%
19,998.00
1,979,802.00
1.00%
19,798.02
1,960,003.98
1.00%
19,600.04
1,940,403.94
1.00%
19,404.04

Year

Year

Year
2014
2015
2016
2017
2018

Repair and Maintenance Expense(Admin)

BV of Building
% of R&M
R&M Expense
4,320,000.00
1.00%
43,200.00
4,276,800.00
3.00%
128,304.00
4,148,496.00
5.00%
207,424.80
3,941,071.20
7.00%
275,874.98
3,665,196.22
9.00%
329,867.66

Year
2014
2015
2016
2017
2018

Repair and Maintenance Expense(Selling)

BVof Building
% of R&M
R&M Expense
2,020,000.00
1.00%
20,200.00
1,999,800.00
3.00%
59,994.00
1,939,806.00
5.00%
96,990.30
1,842,815.70
7.00%
128,997.10
1,713,818.60
9.00%
154,243.67

Particulars
Telephone and Internet Expense
Total

Fixed Telephone and Internet Expense

Monthly cost
2014
2015
990
11,880
11,880
990

Particulars
Store Supplies
Office Supplies
Total

Particulars
CSR

Particulars
Tarpaulin
Stickers
Total

Yearly Consumption
1,921
3,471
5,392

Yearly Cost
2% of Gross Profit

Yearly Cost
5600
2200
7,800.00

11,880

11,880

Supplies Expense
2014

2015

1,921
3,471
5,392

2,113
3,818
5,931

CSR Expense
2014
2015
100,595.53
99,714.01

Advertising Expense
2014
2015
5600
6160
2200
2420
7,800.00
8,580.00

net Expense
2016
11,880

2017
11,880

2018
11,880

Particulars
Aircon-Split Type

11,880

11,880

11,880

2016

2017

2018

2,324
4,200
6,524

2,557
4,620
7,177

2,813
5,082
7,894

Aircon-Window Type
Desktop
Desktop-Spycam
Printer/Fax/Copier
Security Camera
Wifi Router
CR
Light-fluorescent
Generator Room
Total F.E.E

Particulars
Security Camera
Light-fluorescent
Total F.E.E

2016
110,239.12

2017
123,165.34

2018
136,066.65

2017
7453.6
2928.2
10,381.80

2018
8198.96
3221.02
11,419.98

nse
2016
6776
2662
9,438.00

# of Eqpt
1
1
2
2
1
4
1
1
14
2

# of Eqpt
5
8

Supply kW
2.600

Hr/day
8

1.900
0.250
0.250
0.020
0.012
0.008
0.015
0.040
0.040

8
8
12
3
24
24
3
8
3

Fixed Electricity Expense (Admin)

Total Kwh/day KwH rate
Cost/day
Total cost/year
20.8
11.23
233.584
84,790.99
15.2
2
3
0.06
0.288
0.192
0.045
0.32
0.12

11.23
11.23
11.23
11.23
11.23
11.23
11.23
11.23
11.23

170.696
44.92
67.38
0.6738
12.93696
2.15616
0.50535
50.3104
2.6952

61,962.65
16,305.96
24,458.94
244.59
4,696.12
782.69
183.44
18,262.68
978.36
212,666.41

Fixed Electricity Expense (Selling)

Supply kW

Hr/day

0.012
0.040

24
8

Total Kwh/day KwH rate

0.288
0.32

Variable Electricity Expense (Selling)

3
Particulars
Est. Sales year
Kw/m
Gas Pumps Hose
Unleaded
0.186
1256.036
Premium
0.186
927.426
Diesel
0.186
1330.592
Total F.E.E

11.23
11.23

Cost/day
16.1712
28.7488

Total cost/year
5,870.15
10,435.81
16,305.96

Kw used

Kw rate

233.622696
172.501236
247.490112

11.23
11.23
11.23

Particulars
Yearly Cost
Water Consumption
5,000.00
selling utilities
admin utilities

e (Admin)
2014
84,790.99

2015
93,270.09

2016
102,597.10

2017
112,856.81

2018
124,142.49

61,962.65
16,305.96
24,458.94
244.59
4,696.12
782.69
183.44
18,262.68
978.36
212,666.41

68,158.91
17,936.56
26,904.83
269.05
5,165.73
860.95
201.79
20,088.94
1,076.19
233,933.05

74,974.80
19,730.21
29,595.32
295.95
5,682.30
947.05
221.96
22,097.84
1,183.81
257,326.35

82,472.28
21,703.23
32,554.85
325.55
6,250.53
1,041.76
244.16
24,307.62
1,302.19
283,058.99

90,719.51
23,873.56
35,810.33
358.10
6,875.58
1,145.93
268.58
26,738.38
1,432.41
311,364.89

(Selling)
2014

2015

5,870.15
10,435.81
16,305.96

2014

6,457.16
11,479.40
17,936.56

2015

2,623.58
1,937.19
2,779.31
7,340.09

2,885.94
2,130.91
3,057.25
7,031.85

5,000

Water Expense
2015
5,500

16,305.96
217,666.41

17,936.56
239,433.05

2014

2016

2017

7,102.88
12,627.34
19,730.21

2016

2018

7,813.16
13,890.07
21,703.23

2017

3,174.54
2,344.00
3,362.97
7,534.53

2016

8,594.48
15,279.08
23,873.56

2018

3,491.99
2,578.40
3,699.27
8,087.39

2017

3,841.19
2,836.24
4,069.19
8,695.43

2018

6,050

6,655

7,321

19,730.21
263,376.35

21,703.23
289,713.99

32,568.98
318,685.39

Schedule of Depreciation Expense

Particulars
Furnitures and Fixtures
Aircon-Split-Type Wall Mounted
Aircon-Window type
Office Computer
Office Printer
Office Chair
OFFICE TABLE
Office Filing Cabinet
Couch
Conference Table
Conference Chair
Fire Extinguisher(Selling)

Units

Annual Dep'n

1
1
4
1
5
3
2
3
1
8
3

3,031.07
2,812.18
14,785.71
1,414.29
2,117.98
2,031.89
23,143.15
2,927.30
1,475.13
3,214.29
972.00

Equipment
Underground fuel tank
Standby Generator
Fuel Dispenser
Security Camera(Selling)
Security Camera(Admin)

4
1
3
5
4

107,142.86
7,714.29
64,285.71
1,084.82
867.86

Building
Building-Admin
Building-Selling

1
1

129,600.00
60,600.00

Total depreciation

Schedule of Depreciation Expense

2014

2015

2016

2017

2018

3,031.07
2,812.18
14,785.71
1,414.29
2,117.98
2,031.89
23,143.15
2,927.30
1,475.13
3,214.29
972.00

3,031.07
2,812.18
14,785.71
1,414.29
2,117.98
2,031.89
23,143.15
2,927.30
1,475.13
3,214.29
972.00

3,031.07
2,812.18
14,785.71
1,414.29
2,117.98
2,031.89
23,143.15
2,927.30
1,475.13
3,214.29
972.00

3,031.07
2,812.18
14,785.71
1,414.29
2,117.98
2,031.89
23,143.15
2,927.30
1,475.13
3,214.29
972.00

3,031.07
2,812.18
14,785.71
1,414.29
2,117.98
2,031.89
23,143.15
2,927.30
1,475.13
3,214.29
972.00

107,142.86
7,714.29
64,285.71
1,084.82
867.86

107,142.86
7,714.29
64,285.71
1,084.82
867.86

107,142.86
7,714.29
64,285.71
1,084.82
867.86

107,142.86
7,714.29
64,285.71
1,084.82
867.86

107,142.86
7,714.29
64,285.71
1,084.82
867.86

129,600.00
60,600.00

129,600.00
60,600.00

129,600.00
60,600.00

129,600.00
60,600.00

129,600.00
60,600.00

429,220.51

429,220.51

429,220.51

429,220.51

429,220.51

No. of
Employees
1
1
1
2
1
2
8

No. of
Employees
1
1
1
2
1
2
8

No. of
Employees
1
1
1
2
1
2
8

Position
General Manager
Supervisor
Accountant
Machine Technician
Janitor
Security Guards
Total
SELLING
ADMIN

Position
General Manager
Supervisor
Accountant
Machine Technician
Janitor
Security Guards
Total
SELLING
ADMIN

Position
General Manager
Supervisor
Accountant
Machine Technician
Janitor
Security Guards
Total
SELLING
ADMIN

Salaries
Monthly
(per employee)
15,000.00
10,500.00
12,710.00
7,500.00
4,500.00
8,730.00
58,940.00

Salaries
Monthly
(per employee)
15,750.00
11,025.00
13,345.50
7,875.00
4,725.00
9,166.50
61,887.00

Salaries
Monthly
(per employee)
16,537.50
11,576.25
14,012.78
8,268.75
4,961.25
9,624.83
64,981.35

Annual
180,000.00
126,000.00
152,520.00
90,000.00
54,000.00
104,760.00
707,280.00

Annual
189,000.00
132,300.00
160,146.00
94,500.00
56,700.00
109,998.00
742,644.00

Annual
198,450.00
138,915.00
168,153.30
99,225.00
59,535.00
115,497.90
779,776.20

Total
Salary
180,000.00
126,000.00
152,520.00
180,000.00
54,000.00
209,520.00
902,040.00

Total
Salary
189,000.00
132,300.00
160,146.00
189,000.00
56,700.00
219,996.00
947,142.00

Total
Salary
198,450.00
138,915.00
168,153.30
198,450.00
59,535.00
230,995.80
994,499.10

SSS
(ER)
(EE)
(per month)
1,060.00
500.00
742.00
350.00
883.30
416.70
530.00
250.00
318.00
150.00
600.70
283.30
4,134.00
1,950.00

SSS
(ER)
(EE)
(per month)
1,060.00
500.00
777.30
366.70
954.00
450.00
565.30
266.70
318.00
150.00
636.00
300.00
4,310.60
2,033.40

SSS
(ER)
(EE)
(per month)
1,060.00
500.00
812.70
383.30
989.30
466.70
600.70
283.30
353.30
166.70
671.30
316.70
4,487.30
2,116.70

PhilHealth
(ER)
(EE)
(per month)
187.50
187.50
125.00
125.00
150.00
150.00
87.50
87.50
50.00
50.00
100.00
100.00
700.00
700.00

PhilHealth
(ER)
(EE)
(per month)
187.50
187.50
137.50
137.50
162.50
162.50
87.50
87.50
50.00
50.00
112.50
112.50
737.50
737.50

PhilHealth
(ER)
(EE)
(per month)
200.00
200.00
137.50
137.50
175.00
175.00
100.00
100.00
50.00
50.00
112.50
112.50
775.00
775.00

Salaries2014-2015
Pag-ibig
Total Annual
(ER)
(EE)
Employer
(per month)
Contribution
100.00
100.00
1,347.50
100.00
100.00
967.00
100.00
100.00
1,133.30
100.00
100.00
1,435.00
100.00
100.00
468.00
100.00
100.00
1,601.40
600.00
600.00
6,952.20
2,402.00
4,550.20

Salaries2016-2017
Pag-ibig
Total Annual
(ER)
(EE)
Employer
(per month)
Contribution
100.00
100.00
1,347.50
100.00
100.00
1,014.80
100.00
100.00
1,216.50
100.00
100.00
1,505.60
100.00
100.00
468.00
100.00
100.00
1,697.00
600.00
600.00
7,249.40
2,520.40
4,729.00

Salaries2018
Pag-ibig
Total Annual
(ER)
(EE)
Employer
(per month)
Contribution
100.00
100.00
1,360.00
100.00
100.00
1,050.20
100.00
100.00
1,264.30
100.00
100.00
1,601.40
100.00
100.00
503.30
100.00
100.00
1,767.60
600.00
600.00
7,546.80
2,651.60
4,895.20

4-2015
Exemption

Taxable Income

50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
300,000.00

14,212.50
9,925.00
12,043.30
7,062.50
4,200.00
8,246.70
55,690.00

Exemption

Taxable Income

Monthly
(per employee)
1,550.83
697.03
1,116.99
267.66
1.65
445.29
4,079.45

Witholding Tax
Monthly
Total
1,550.83
697.03
1,116.99
535.32
1.65
890.58
4,792.40
1,232.35
3,560.05

Net Salary
Annual
18,609.96
8,364.36
13,403.88
3,211.92
19.80
5,343.48
48,953.40

160,602.54
117,060.64
138,449.42
172,701.16
53,680.20
197,866.44
840,360.40

6-2017

50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
300,000.00

14,962.50
10,420.80
12,633.00
7,420.80
4,425.00
8,654.00
58,516.10

Exemption

Taxable Income

Monthly
(per employee)
1,700.83
792.49
1,234.93
321.40
12.90
506.38
4,568.93

Witholding Tax
Monthly
total
1,700.83
792.49
1,234.93
642.80
12.90
1,012.76
5,396.71
1,435.29
3,961.42

Net Salary
Annual
20,409.96
9,509.88
14,819.16
3,856.80
154.80
6,076.56
54,827.16

167,802.54
122,185.92
144,614.34
180,378.00
56,245.20
206,817.88
878,043.88

2018

50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
300,000.00

15,737.50
10,955.45
13,271.08
7,785.45
4,644.55
9,095.63
61,489.66

Monthly
(per employee)
1,855.83
899.42
1,362.55
376.10
23.88
572.62
5,090.40

Witholding Tax
Monthly
Total
1,855.83
899.42
1,362.55
752.20
23.88
1,145.24
6,039.12
1,651.62
4,387.50

Net Salary
Annual
22,269.96
10,793.04
16,350.60
4,513.20
286.56
6,871.44
61,084.80

175,380.04
127,501.16
151,061.00
188,457.00
58,931.74
216,194.52
917,525.46

13th
month
pay
15,000.00
10,500.00
12,710.00
15,000.00
4,500.00
17,460.00
75,170.00

Total Annual
Gross
Salary
195,000.00
136,500.00
165,230.00
195,000.00
58,500.00
226,980.00
977,210.00
331,500.00
645,710.00

Total
Annual
Net Salary
175,602.54
127,560.64
151,159.42
187,701.16
58,180.20
215,326.44
915,530.40

13th
month
pay
15,750.00
11,025.00
13,345.50
15,750.00
4,725.00
18,333.00
78,928.50

Total Annual
Gross
Salary
204,750.00
143,325.00
173,491.50
204,750.00
61,425.00
238,329.00
1,026,070.50
348,075.00
677,995.50

Total
Annual
Net Salary
183,552.54
133,210.92
157,959.84
196,128.00
60,970.20
225,150.88
956,972.38

13th
month
pay
16,537.50
11,576.25
14,012.78
16,537.50
4,961.25
19,249.65
82,874.93

Total Annual
Gross
Salary
214,987.50
150,491.25
182,166.08
214,987.50
64,496.25
250,245.45
1,077,374.03
365,478.75
711,895.28

Total
Annual
Net Salary
191,917.54
139,077.41
165,073.78
204,994.50
63,892.99
235,444.17
1,000,400.39

Gas2Go Company
Statement of Cash Flows
Year Ended December 31, 2013 to 2017
2014
Cash flows from operating activities:
Cash receipts from sale of goods
Cash payments to suppliers for goods
Cash disbursement for selling expenses
Cash disbursement for administrative expenses
Payment of VAT
Net Cash provided by operating activities
Cash flows from investing activities:
Purchase of Land
Payment for the Construction of Building
Purchase of Machinery and Equipment
Purchase of Furnitures and Fixtures
Net Cash used in investing activities
Cash flow from financing activities:
Purchase of Treasury Bills - 8%
Proceeds from Treasury Bills - 8%
Interest from Treasury Bills - 8%
Payment of interest
Investment from partners
Proceeds from Loan
Payment of Loan
Withdrawals of partners
Net Cash provided by financing activities
Increase (decrease) in Cash
Add: Cash - January 1
Cash - December 31, 2014

164,910,177.00
(142,204,113.00)
(424,581.93)
(1,041,940.93)
(13,251,710.65)
7,987,830.48

(9,100,000.00)
(6,340,000.00)
(3,464,300.00)
(263,058.00)
(19,167,358.00)

(4,000,000.00)
(1,000,000.00)
11,500,000.00
10,000,000.00
(2,000,000.00)
(2,031,965.37)
12,468,034.63
1,288,507.11
1,288,507.11

Gas2Go Company
Statement of Cash Flows
Ended December 31, 2013 to 2017
2015
181,593,419.54
(156,616,749.14)
(466,842.74)
(1,099,827.75)
(14,592,328.36)
8,817,671.55

2016

2017

199,982,665.79
(172,508,328.35)
(520,810.66)
(1,241,427.26)
(16,070,035.64)
9,642,063.88

2018

219,581,394.18
(189,359,623.00)
(555,802.30)
(1,349,541.94)
(17,644,933.46)
10,671,493.48

241,772,445.64
(208,528,497.34)
(607,242.00)
(1,474,803.04)
(19,428,142.95)
11,733,760.31

(9,000,000.00)
4,000,000.00
(800,000.00)
(2,000,000.00)
(1,044,019.11)
(8,844,019.11)

(15,000,000.00)
9,000,000.00
(600,000.00)
(2,000,000.00)
(914,113.47)
(9,514,113.47)

(20,000,000.00)
15,000,000.00
(400,000.00)
(2,000,000.00)
(3,149,455.19)
(10,549,455.19)

(26,347.56)
1,288,507.11
1,262,159.55

127,950.42
1,262,159.55
1,390,109.97

122,038.29
1,390,109.97
1,512,148.26

(25,000,000.00)
20,000,000.00
(200,000.00)
(2,000,000.00)
(4,571,693.26)
(11,771,693.26)
(37,932.95)
1,512,148.26
1,474,215.30

NOTES TO FINANCIAL STATEMENT

Note 1 - Cost of Sales
Particulars
Beginning Inventory
Add: Purchases
Total
Less: Ending Inventory
Cost of Gas Sold
Add: Cost of Electricity
Cost of Sales
Note 2 - Administrative Expenses
Particulars
Corporate Social Responsibility
Insurance Expense
Real Property Tax
Office Supplies Expense
Telephone Expense
Employer Contribution
Salaries Expense
Utilities Expense
Depreciation Expense
Repair and Maintenance
Organizational Cost
Total

2014
142,731,613.00
142,731,613.00
527,500.00
142,204,113.00
7,340.09
142,211,453.09

2014
100,595.53
9,158.40
43,200.00
3,471.00
11,880.00
4,550.20
645,710.00
217,666.41
429,220.51
43,200.00
48,430.00
1,557,082.05
19,128.87
43,200.00
62,328.87

Note 3 - Selling Expense

Particulars
Repairs & Maintenance Expense
Advertising Expense
Employer Contribution
Salaries Expense
Store Supplies Expense
Utilities Expense
Depreciation Expense
Total

2014
20,200.00
7,800.00
2,402.00
331,500.00
1,921.00
16,305.96
60,600.00
440,728.96
1,358.83

Note 4 - Other Income

Particulars
Treasury bill investment (2months 8%) invested on November 1
Treasury bill investment (3months 8%) invested on November 1
Treasury bill investment (6months 8%) invested on December 1
Treasury bill investment (6months 8%) invested on December 31
Total

Note 5 - Finance Cost

Year
Beginning
2014
2015
2016
2017
2018

Note 6 - Cash and Cash Equivalent

Particulars
Cash
Treasury Bill (2months) 8%
Treasury Bill (3months) 8%
Total

Note 7 - Financial Assets Held at Fair Value

Particulars
Treasury Bill (6 months) 8% December 1
Treasury Bill (6 months) 8% December 31
Total

Note 8 - Inventories
Particulars
Diesel
Premium

2014
33,333.33
33,333.33

Outstanding Loan
10,000,000.00
10,000,000.00
8,000,000.00
6,000,000.00
4,000,000.00
2,000,000.00

2014
1,288,507
2,500,000
3,788,507

2014
1,500,000.00
1,500,000.00

2014
190,000.00
127,500.00

Unleaded
Total Ending Inventory

Note 9 - Interest Receivable

Particulars
Receivable
Receivable
Receivable
Receivable
Receivable
Total Interest Receivable

210,000.00
527,500.00

2014
33,333.33
33,333.33

Note 10 - Property, Plant, & Equipment

Land
Building
Machinery and equipment
Furniture and fixtures
Total
Less: Accumulated Depreciation
Total

2014
9,100,000.00
6,340,000.00
1,022,678.57
183,406.48
16,646,085.05
429,220.51
16,216,864.54

Accumulated depreciation:
Building
Machinery and equipment
Furniture and fixtures
Total Accumulated Depreciation

190,200.00
181,095.54
57,924.98
429,220.51

Note 11 - Trade and Other Payables

Particulars
Accounts payable
VAT payable
Accrued expenses
Withholding tax payable-Selling
Withholding tax payable-Admin
Property Tax Payable
Total

2014
527,500.00
324,407.30
20,487.70
14,788.20
42,720.60
63,400.00
993,303.80

OTES TO FINANCIAL STATEMENTS

2015
527,500.00
157,144,881.64
157,672,381.64
528,132.50
157,144,249.14
7,031.85
157,151,280.99

2016
528,132.50
173,037,167.42
173,565,299.92
528,839.07
173,036,460.85
7,534.53
173,043,995.39

2017
528,839.07
189,887,353.00
190,416,192.07
527,730.00
189,888,462.07
8,087.39
189,896,549.45

2018
527,730.00
209,056,820.27
209,584,550.27
528,322.93
209,056,227.34
8,695.43
209,064,922.77

2015
99,714.01
9,138.98
42,768.00
3,818.10
11,880.00
4,550.20
645,710.00
239,433.05
429,220.51
128,304.00
1,614,536.86

2016
110,239.12
9,119.61
42,340.32
4,199.91
11,880.00
4,729.00
677,995.50
263,376.35
429,220.51
207,424.80
1,760,525.13

2017
123,165.34
9,100.28
41,916.92
4,619.90
11,880.00
4,729.00
677,995.50
289,713.99
429,220.51
275,874.98
1,868,216.41

2018
136,066.65
9,080.98
41,497.75
5,081.89
11,880.00
4,895.20
711,895.28
318,685.39
429,220.51
329,867.66
1,998,171.30

20,942.75
42,768.00
63,710.75
1,381.89

22,938.03
42,340.32
65,278.35
1,567.60

25,132.83
41,916.92
67,049.75
1,771.40

27,547.12
41,497.75
69,044.86
1,995.11

2015
59,994.00
8,580.00
2,402.00
331,500.00
2,113.10
17,936.56
60,600.00
483,125.66

2016
96,990.30
9,438.00
2,520.40
348,075.00
2,324.41
19,730.21
60,600.00
539,678.32

2017
128,997.10
10,381.80
2,520.40
348,075.00
2,556.85
21,703.23
60,600.00
574,834.38

2018
154,243.67
11,419.98
2,651.60
365,478.75
2,812.54
32,568.98
60,600.00
629,775.52

1,494.71

1,644.18

1,808.60

2,714.08

135.88

149.47

2015
66,666.67
16,666.67
-

164.42

2016

2017

2018

53,333.33
133,333.33
280,000.00
466666.6667

333,333.33
666,666.67
1,000,000.00

2017
1,512,148
1,512,148

2018
1,474,215
25,000,000
26,474,215

2018

106,666.67
-

60,000.00
143,333.33

160,000.00
266,666.67

905.48

Annual Payment of Loan Interest Expense (10%)

2,000,000.00
1,000,000.00
2,000,000.00
800,000.00
2,000,000.00
600,000.00
2,000,000.00
400,000.00
2,000,000.00
200,000.00

2015
1,262,160
5,000,000

2016
1,390,110
-

6,262,160

8,000,000
9,390,110

2015

2016

4,000,000.00
4,000,000.00

7,000,000.00
7,000,000.00

2017
20,000,000.00
20,000,000.00

2015
189,620.00
127,882.50

2016
189,942.35
128,027.65

2017
189,714.42
127,694.77

2018
190,036.94
127,796.93

210,630.00
528,132.50

2015
66,666.67
-

210,869.07
528,839.07

2016
106,666.67
-

66,666.67

2015
9,100,000.00
6,340,000.00
1,022,678.57
183,406.48
16,646,085.05
800,516.05
15,845,569.00

210,320.81
527,730.00

2017
133,333.33
-

106,666.67

133,333.33

210,489.06
528,322.93

2018
333,333.33
333,333.33

2016
9,100,000.00
6,340,000.00
1,022,678.57
183,406.48
16,646,085.05
1,171,811.58
15,474,273.46

2017
9,100,000.00
6,340,000.00
1,022,678.57
183,406.48
16,646,085.05
1,543,107.12
15,102,977.93

2018
9,100,000.00
6,340,000.00
1,022,678.57
183,406.48
16,646,085.05
1,914,402.66
14,731,682.39

380,400.00
362,191.07
57,924.98
800,516.05

570,600.00
543,286.61
57,924.98
1,171,811.58

760,800.00
724,382.14
57,924.98
1,543,107.12

951,000.00
905,477.68
57,924.98
1,914,402.66

2015
528,132.50
654,871.55
22,437.47
14,788.20
42,720.60
62,766.00
1,325,716.32

2016
528,839.07
721,754.42
24,582.21
17,223.48
47,537.04
62,138.34
1,402,074.56

2017
527,730.00
795,376.10
26,941.44
17,223.48
47,537.04
61,516.96
1,476,325.02

2018
528,322.93
876,311.39
30,261.20
19,819.44
52,650.00
60,901.79
1,568,266.75

Particulars
Bonus
Salary
Interest 5%
Remainder, equally
Total

Particulars
Bonus
Salary
Interest 5%
Remainder, equally
Total

Aguas

115,000.00
226,073.42
341,073.42

Aguas

115,000.00
236,727.26
351,727.26

Particulars
Bonus
Salary
Interest 5%
Remainder, equally
Total

Aguas

Particulars
Bonus
Salary
Interest 5%
Remainder, equally
Total

Aguas

Particulars
Bonus
Salary
Interest 5%
Remainder, equally
Total

123,793.18
332,992.83
456,786.02

138,638.73
449,674.45
588,313.18

Aguas

140,109.51
571,559.04
711,668.55

Schedule of Profit Distribution 2014

Caliuag
Gagarin
101,598.27
225,000.00
115,000.00
115,000.00
226,073.42
226,073.42
341,073.42
667,671.69
Schedule of Profit Distribution 2015
Caliuag
Gagarin
104,401.91
225,000.00
115,000.00
115,000.00
236,727.26
236,727.26
351,727.26
681,129.17
Schedule of Profit Distribution 2016
Caliuag
Gagarin
130,587.64
189,000.00
123,793.18
132,028.23
332,992.83
332,992.83
456,786.02
784,608.70
Schedule of Profit Distribution 2017
Caliuag
Gagarin
165,760.80
189,000.00
138,638.73
157,528.01
449,674.45
449,674.45
588,313.18
961,963.26
Schedule of Profit Distribution 2018
Caliuag
Gagarin
198,769.27
198,450.00
140,109.51
159,932.92
571,559.04
571,559.04
711,668.55
1,128,711.24

Distribution 2014
Nepomuceno

115,000.00
226,073.42
341,073.42

Distribution 2015
Nepomuceno

115,000.00
236,727.26
351,727.26

Distribution 2016
Nepomuceno

123,793.18
332,992.83
456,786.02

Distribution 2017
Nepomuceno

138,638.73
449,674.45
588,313.18

Distribution 2018
Nepomuceno

140,109.51
571,559.04
711,668.55

Sicat

115,000.00
226,073.42
341,073.42

Sicat

115,000.00
236,727.26
351,727.26

Sicat

123,793.18
332,992.83
456,786.02

Sicat

138,638.73
449,674.45
588,313.18

Sicat

140,109.51
571,559.04
711,668.55

Total
101,598.27
225,000.00
575,000.00
1,130,367.10
2,031,965.37

Total
104,401.91
225,000.00
575,000.00
1,183,636.32
2,088,038.23

Total
130,587.64
189,000.00
627,200.96
1,664,964.17
2,611,752.76

Total
165,760.80
189,000.00
712,082.92
2,248,372.27
3,315,215.99

Total
198,769.27
198,450.00
720,370.96
2,857,795.21
3,975,385.45

Schedule
Particulars
Furnitures and Fixtures
Aircon-Split-Type Wall Mounted
Aircon-Window type
Office Computer
Office Printer
Office Chair
OFFICE TABLE
Office Filing Cabinet
Couch
Conference Table
Conference Chair
Fire Extinguisher(Selling)
total
Equipment
Underground fuel tank
Standby Generator
Fuel Dispenser
Security Camera(Selling)
Security Camera(Admin)
total
Building
Building-Admin
Building-Selling
total

Cost per unit

Salvage Value

# of units

16,839.29
15,623.21
20,535.71
7,857.14
3,294.64
5,267.86
90,001.12
7,589.29
11,473.21
3,125.00
1,800.00
183,406.48

1,683.93
1,562.32
2,053.57
785.71
329.46
526.79
9,000.11
758.93
1,147.32
312.50
180.00

1
1
4
1
5
3
2
3
1
8
3

446,428.57
214,285.71
357,142.86
2,410.71
2,410.71
1,022,678.57

44,642.86
21,428.57
35,714.29
241.07
241.07

4
1
3
5
4

4,320,000.00
2,020,000.00

432,000.00
202,000.00

1
1

6,340,000.00

Schedule of Depreciation (2014 to 2018)

Total Cost

Total Depreciable Cost

Useful Life

Annual Dep'n

Book Values
2014

16,839.29
15,623.21
82,142.86
7,857.14
16,473.21
15,803.57
180,002.24
22,767.86
11,473.21
25,000.00
5,400.00
399,382.60

15,155.36
14,060.89
73,928.57
7,071.43
14,825.89
14,223.21
162,002.02
20,491.07
10,325.89
22,500.00
4,860.00

5
5
5
5
7
7
7
7
7
7
5

3,031.07
2,812.18
14,785.71
1,414.29
2,117.98
2,031.89
23,143.15
2,927.30
1,475.13
3,214.29
972.00
57,924.98

13,808.21
12,811.04
67,357.14
6,442.86
14,355.23
13,771.68
156,859.09
19,840.56
9,998.09
21,785.71
4,428.00
341,457.62

1,785,714.29
214,285.71
1,071,428.57
12,053.57
9,642.86
3,093,125.00

1,607,142.86
192,857.14
964,285.71
10,848.21
8,678.57

15
25
15
10
10

107,142.86
7,714.29
64,285.71
1,084.82
867.86
181,095.54

1,678,571.43
206,571.43
1,007,142.86
10,968.75
8,775.00
2,912,029.46

4,320,000.00
2,020,000.00

3,888,000.00
1,818,000.00

30
30

129,600.00
60,600.00

4,190,400.00
1,959,400.00

190,200.00

6,149,800.00

6,340,000.00

Book Values
2015

2016

2017

2018

10,777.14
9,998.86
52,571.43
5,028.57
12,237.24
11,739.80
133,715.95
16,913.27
8,522.96
18,571.43
3,456.00
283,532.64

7,746.07
7,186.68
37,785.71
3,614.29
10,119.26
9,707.91
110,572.80
13,985.97
7,047.83
15,357.14
2,484.00
225,607.67

4,715.00
4,374.50
23,000.00
2,200.00
8,001.28
7,676.02
87,429.66
11,058.67
5,572.70
12,142.86
1,512.00
167,682.69

1,683.93
1,562.32
8,214.29
785.71
5,883.29
5,644.13
64,286.51
8,131.38
4,097.58
8,928.57
540.00
109,757.71

1,571,428.57
198,857.14
942,857.14
9,883.93
7,907.14
2,730,933.93

1,464,285.71
191,142.86
878,571.43
8,799.11
7,039.29
2,549,838.39

1,357,142.86
183,428.57
814,285.71
7,714.29
6,171.43
2,368,742.86

1,250,000.00
175,714.29
750,000.00
6,629.46
5,303.57
2,187,647.32

4,060,800.00
1,898,800.00

3,931,200.00
1,838,200.00

3,801,600.00
1,777,600.00

3,672,000.00
1,717,000.00

5,959,600.00

5,769,400.00

5,579,200.00

5,389,000.00

Capital balances, January 1

Additional investments
Withdrawals
Balances before net income and drawings
Share in Net income (loss)
Drawings
Capital balances, December 31

Gas2Go Company
Statement of Changes in Partner's Equity
Year Ended December 31, 2014
Aguas
Caliuag
2,300,000.00
2,300,000.00
341,073.42
341,073.42
1,958,926.58
1,958,926.58
341,073.42
341,073.42
2,300,000.00
2,300,000.00

Capital balances, January 1

Additional investments
Withdrawals
Balances before net income and drawings
Share in Net income (loss)
Drawings
Capital balances, December 31

Gas2Go Company
Statement of Changes in Partner's Equity
Year Ended December 31, 2015
Aguas
Caliuag
2,300,000.00
2,300,000.00
175,863.63
175,863.63
2,124,136.37
2,124,136.37
351,727.26
351,727.26
2,475,863.63
2,475,863.63

Capital balances, January 1

Additional investments
Withdrawals
Balances before net income and drawings
Share in Net income (loss)
Drawings
Capital balances, December 31

Gas2Go Company
Statement of Changes in Partner's Equity
Year Ended December 31, 2016
Aguas
Caliuag
2,475,863.63
2,475,863.63
159,875.11
159,875.11
2,315,988.53
2,315,988.53
456,786.02
456,786.02
2,772,774.54
2,772,774.54

Capital balances, January 1

Additional investments
Withdrawals
Balances before net income and drawings

Gas2Go Company
Statement of Changes in Partner's Equity
Year Ended December 31, 2017
Aguas
Caliuag
2,772,774.54
2,772,774.54
558,897.52
558,897.52
2,213,877.02
2,213,877.02

Share in Net income (loss)

Drawings
Capital balances, December 31

Capital balances, January 1

Additional investments
Withdrawals
Balances before net income and drawings
Share in Net income (loss)
Drawings
Capital balances, December 31

588,313.18

588,313.18

2,802,190.20

2,802,190.20

Gas2Go Company
Statement of Changes in Partner's Equity
Year Ended December 31, 2018
Aguas
Caliuag
2,802,190.20
2,802,190.20
818,418.84
818,418.84
1,983,771.37
1,983,771.37
711,668.55
711,668.55
2,695,439.92
2,695,439.92

Gas2Go Company
of Changes in Partner's Equity
Ended December 31, 2014
Gagarin
2,300,000.00
667,671.69
1,632,328.31
667,671.69
2,300,000.00

Nepomuceno
2,300,000.00
341,073.42
1,958,926.58
341,073.42
2,300,000.00

Sicat
2,300,000.00
341,073.42
1,958,926.58
341,073.42
2,300,000.00

Total
11,500,000.00
2,031,965.37
9,468,034.63
2,031,965.37
11,500,000.00

Gas2Go Company
of Changes in Partner's Equity
Ended December 31, 2015
Gagarin
2,300,000.00
340,564.59
1,959,435.41
681,129.17
2,640,564.59

Nepomuceno
2,300,000.00
175,863.63
2,124,136.37
351,727.26
2,475,863.63

Sicat
2,300,000.00
175,863.63
2,124,136.37
351,727.26
2,475,863.63

Total
11,500,000.00
1,044,019.11
10,455,980.89
2,088,038.23
12,544,019.11

Gas2Go Company
of Changes in Partner's Equity
Ended December 31, 2016
Gagarin
2,640,564.59
274,613.05
2,365,951.54
784,608.70
3,150,560.24

Nepomuceno
2,475,863.63
159,875.11
2,315,988.53
456,786.02
2,772,774.54

Sicat
2,475,863.63
159,875.11
2,315,988.53
456,786.02
2,772,774.54

Total
12,544,019.11
914,113.47
11,629,905.65
2,611,752.76
14,241,658.41

Gas2Go Company
of Changes in Partner's Equity
Ended December 31, 2017
Gagarin
3,150,560.24
913,865.10
2,236,695.14

Nepomuceno
2,772,774.54
558,897.52
2,213,877.02

Sicat
2,772,774.54
558,897.52
2,213,877.02

Total
14,241,658.41
3,149,455.19
11,092,203.22

961,963.26

588,313.18

588,313.18

3,315,215.99

3,198,658.41

2,802,190.20

2,802,190.20

14,407,419.21

Gas2Go Company
of Changes in Partner's Equity
Ended December 31, 2018
Gagarin
3,198,658.41
1,298,017.92
1,900,640.49
1,128,711.24
3,029,351.72

Nepomuceno
2,802,190.20
818,418.84
1,983,771.37
711,668.55
2,695,439.92

Sicat
2,802,190.20
818,418.84
1,983,771.37
711,668.55
2,695,439.92

Total
14,407,419.21
4,571,693.26
9,835,725.95
3,975,385.45
13,811,111.39

Gas2Go Company
Income Statement
For the Calendar Year Ended December 31, 2014
Note
Sales
Cost of Sales
Gross Profit
Less: Expenses
Selling
Administrative
Operating Income
Add: Other Income
Total Income
Less: Finance Cost
Net Income

Distribution of net income:

Aguas
Caliuag
Gagarin
Nepomuceno
Sicat
Total

147,241,229.46
142,211,453.09
5,029,776.38

2
3

440,728.96
1,557,082.05

1,997,811.01
3,031,965.37

4
5

3,031,965.37
1,000,000.00
2,031,965.37

341,073.42
341,073.42
667,671.69
341,073.42
341,073.42
2,031,965.37

Gas2Go Company
Income Statement
For the Calendar Year Ended December 31, 2015
Note
Sales
Cost of Sales
Gross Profit
Less: Expenses
Selling
Administrative
Operating Income
Add: Other Income
Total Income
Less: Finance Cost
Net Income

Distribution of net income:

Aguas
Caliuag
Gagarin
Nepomuceno
Sicat
Total

162,136,981.74
157,151,280.99
4,985,700.74

2
3

483,125.66
1,614,536.86

2,097,662.52
2,888,038.23

4
5

2,888,038.23
800,000.00
2,088,038.23

351,727.26
351,727.26
681,129.17
351,727.26
351,727.26
2,088,038.23

Gas2Go Company
Income Statement
For the Calendar Year Ended December 31, 2016
Note
Sales
Cost of Sales
Gross Profit
Less: Expenses
Selling
Administrative
Operating Income
Add: Other Income
Total Income
Less: Finance Cost
Net Income

Distribution of net income:

Aguas
Caliuag
Gagarin
Nepomuceno
Sicat
Total

178,555,951.60
173,043,995.39
5,511,956.21

2
3

539,678.32
1,760,525.13

2,300,203.45
3,211,752.76

4
5

3,211,752.76
600,000.00
2,611,752.76

456,786.02
456,786.02
784,608.70
456,786.02
456,786.02
2,611,752.76

Gas2Go Company
Income Statement
For the Calendar Year Ended December 31, 2017
Note
Sales
Cost of Sales
Gross Profit
Less: Expenses
Selling
Administrative
Operating Income
Add: Other Income
Total Income
Less: Finance Cost
Net Income

Distribution of net income:

Aguas
Caliuag
Gagarin
Nepomuceno
Sicat
Total

196,054,816.24
189,896,549.45
6,158,266.78

2
3

574,834.38
1,868,216.41

2,443,050.80
3,715,215.99

4
5

3,715,215.99
400,000.00
3,315,215.99

588,313.18
588,313.18
961,963.26
588,313.18
588,313.18
3,315,215.99

Gas2Go Company
Income Statement
For the Calendar Year Ended December 31, 2018
Note
Sales
Cost of Sales
Gross Profit
Less: Expenses
Selling
Administrative
Operating Income
Add: Other Income
Total Income
Less: Finance Cost
Net Income

Distribution of net income:

Aguas
Caliuag
Gagarin
Nepomuceno
Sicat
Total

215,868,255.04
209,064,922.77
6,803,332.27

2
3

629,775.52
1,998,171.30

2,627,946.82
4,175,385.45

4
5

4,175,385.45
200,000.00
3,975,385.45

711,668.55
711,668.55
1,128,711.24
711,668.55
711,668.55
3,975,385.45

Net I

Gas2Go Company
Comparative Income Statement
For the Calendar Year Ended December 2014 - 2018

Sales
Cost of Sales
Gross Profit
Less: Expenses
Selling
Administrative
Operating Income
Add: Other Income
Total Income
Less: Finance Cost
Net Income

Sales
Cost of Sales
Gross Profit
Less: Expenses
Selling
Administrative
Operating Income
Add: Other Income
Total Income
Less: Finance Cost
Net Income

2014
147,241,229.46
142,211,453.09
5,029,776.38

2015
162,136,981.74
157,151,280.99
4,985,700.74

2016
178,555,951.60
173,043,995.39
5,511,956.21

440,728.96
1,557,082.05
3,031,965.37

483,125.66
1,614,536.86
2,888,038.23

539,678.32
1,760,525.13
3,211,752.76

3,031,965.37
1,000,000.00
2,031,965.37

2,888,038.23
800,000.00
2,088,038.23

3,211,752.76
600,000.00
2,611,752.76

Gas2Go Company
Comparative Common Size Income Statement
For the Calendar Year Ended December 2014 - 2018
2014
2015
2016
100.00%
100.00%
100.00%
96.58%
96.93%
96.91%
3.42%
3.07%
3.09%
0.30%
1.06%
2.06%

0.30%
1.00%
1.78%

0.30%
0.99%
1.80%

2.06%
0.68%
1.38%

1.78%
0.49%
1.29%

1.80%
0.34%
1.46%

ment
ber 2014 - 2018
2017
196,054,816.24
189,896,549.45
6,158,266.78

2018
215,868,255.04
209,064,922.77
6,803,332.27

574,834.38
1,868,216.41
3,715,215.99

629,775.52
1,998,171.30
4,175,385.45

3,715,215.99
400,000.00
3,315,215.99

4,175,385.45
200,000.00
3,975,385.45

e Statement
ber 2014 - 2018
2017
100.00%
96.86%
3.14%

2018
100.00%
96.85%
3.15%

0.29%
0.95%
1.89%

0.29%
0.93%
1.93%

1.89%
0.20%
1.69%

1.93%
0.09%
1.84%

Particular
Cash Balance Before Investing Treasury Bill
Less: Minimum Cash Required
Treasury bill investment (2months 8%) invested on November 1
Treasury bill investment (3months 8%) invested on November 1
Treasury bill investment (6months 8%) invested on December 1
Treasury bill investment (6months 8%) invested on December 31

2014
6,550,930.15
2,550,930.15
2,500,000.00
1,500,000.00
4,000,000.00

2015
11,727,541.69
2,727,541.69
5,000,000.00
4,000,000.00
9,000,000.00

2016
17,636,869.06
2,636,869.06
8,000,000.00
7,000,000.00
15,000,000.00

2017
24,101,675.09
4,101,675.09
20,000,000.00
20,000,000.00

2018
31,636,767.46
6,636,767.46
25,000,000.00
25,000,000.00

Particulars
Output tax
Less: Input Tax
Purchases of Materials
Purchases of Fixed Investment, excluding Land
Total VAT Payable

Schedule of VAT
2014
17,668,947.54
15,292,672.82
1,078,645.50
1,297,629.21

Schedule of VAT
2015
19,456,437.81

2016
21,426,714.19

2017
23,526,577.95

2018
25,904,190.60

16,836,951.60
2,619,486.20

18,539,696.51
2,887,017.68

20,345,073.54
3,181,504.41

22,398,945.03
3,505,245.58