Oleifera Skin Care Products

PROJECTED STATEMENT OF FINANCIAL POSITION

Note
ASSETS
Current Assets:
Cash
Inventories
Total Current Assets
Noncurrent Assets:
Property, Plant and Equipment
Furniture and Fixture
Total Noncurrent Assets

1
2

3
3

Total Assets
LIABILITIES AND OWNER'S EQUITY
Current Liabilities:
Accounts Payable
Rent Payable
Utilities Payable
Salaries Payable
SSS Payable
Philhealth Payable
Pag-ibig Payable
Withholding Taxes Payable
VAT Payable
Income Tax Payable
Total Liabilities
Partnership's Equity
De Jesus, Capital
Fermin, Capital
Nerizon, Capital
Salazar, Capital
Total Partners Equity

5
5
5
5
5
6

2013
1,816,682.86
1,933,301.43
3,749,984.29
651,085.33
24,749.10
675,834.43
4,425,818.72
2,178,442.23
75,000.00
13,409.80
55,110.21
3,867.00
1,487.50
1,200.00
4,625.08
12,216.10
123,915.56
2,469,273.47
466,005.41
466,005.41
558,529.03
466,005.41
1,956,545.25

2014
859,092.44
3,452,221.68
4,311,314.13
586,425.67
21,999.20
608,424.87
4,919,738.99
2,162,648.35
79,500.00
14,214.39
55,110.21
3,867.00
1,487.50
1,200.00
4,625.08
25,300.99
136,958.73
2,484,912.25
560,010.15
560,010.15
754,796.29
560,010.15
2,434,826.75

2015
248,302.70
4,749,099.39
4,997,402.09
521,766.00
19,249.30
541,015.30
5,538,417.39
2,206,257.50
84,270.00
15,067.25
57,282.71
4,033.00
1,512.50
1,200.00
4,945.08
29,851.31
145,081.09
2,549,500.44
671,450.90
671,450.90
974,564.25
671,450.90
2,988,916.95

2016
216,807.80
5,511,482.45
5,728,290.25
457,106.33
16,499.40
473,605.73
6,201,895.99
2,205,868.22
89,326.20
15,971.29
57,282.71
4,033.00
1,512.50
1,200.00
4,945.08
37,165.80
154,420.09
2,571,724.89
802,939.35
802,939.35
1,221,353.04
802,939.35
3,630,171.10

2017
589,302.36
6,031,806.50
6,621,108.86
392,446.67
13,749.50
406,196.17
7,027,305.03
2,250,382.65
94,685.77
16,929.56
59,602.42
4,066.40
1,537.50
1,200.00
5,297.50
42,522.94
166,539.60
2,642,764.34
960,444.36
960,444.36
1,503,207.61
960,444.36
4,384,540.68

Total Liabilities and Equity

4,425,818.72

4,919,738.99

5,538,417.39

6,201,895.99

7,027,305.03

Oleifera Skin Care Products

PROJECTED STATEMENT OF FINANCIAL POSITION
ASSETS
Current Assets:
Cash
Inventories
Total Current Assets
Noncurrent Assets:
Property, Plant and Equipment
Furniture and Fixture
Total Noncurrent Assets

Note

2018

2019

2020

2021

1
2

1,816,682.86
1,933,301.43
3,749,984.29

859,092.44
3,452,221.68
4,311,314.13

248,302.70
4,749,099.39
4,997,402.09

216,807.80
5,511,482.45
5,728,290.25

589,302.36
6,031,806.50
6,621,108.86

3
3

651,085.33
24,749.10
675,834.43

586,425.67
21,999.20
608,424.87

521,766.00
19,249.30
541,015.30

457,106.33
16,499.40
473,605.73

392,446.67
13,749.50
406,196.17

4,425,818.72

4,919,738.99

5,538,417.39

6,201,895.99

7,027,305.03

2,178,442.23
13,409.80
5.00
5.00
5.00
5.00
5.00
12,216.10
123,915.56
2,328,008.68

2,162,648.35
14,214.39
1,009.50
23,287.62
68,467.23
5.00
18,081.21
25,300.99
136,958.73
2,449,973.02

2,206,257.50
15,067.25
1,009.50
23,287.62
68,467.23
5.00
18,081.21
29,851.31
145,081.09
2,507,107.71

2,205,868.22
15,971.29
1,010.50
24,239.26
71,236.32
5.00
18,743.63
37,165.80
154,420.09
2,528,660.11

2,250,382.65
16,929.56
1,010.50
24,239.26
71,236.32
5.00
18,743.63
42,522.94
166,539.60
2,591,609.46

466,005.41
466,005.41
558,529.03
466,005.41
1,956,545.25

560,010.15
560,010.15
754,796.29
560,010.15
2,434,826.75

671,450.90
671,450.90
974,564.25
671,450.90
2,988,916.95

802,939.35
802,939.35
1,221,353.04
802,939.35
3,630,171.10

960,444.36
960,444.36
1,503,207.61
960,444.36
4,384,540.68

Total Assets
LIABILITIES AND OWNER'S EQUITY
Current Liabilities:
Accounts Payable
Rent Payable
Utilities Payable
Salaries Payable
SSS Payable
Philhealth Payable
Pag-ibig Payable
Withholding Taxes Payable
VAT Payable
Income Tax Payable
Total Liabilities
Partnership's Equity
De Jesus, Capital
Fermin, Capital
Nerizon, Capital
Salazar, Capital
Total Partners Equity

5
5
5
5
5
6

2022

Total Liabilities and Equity

4,284,553.93

4,884,799.76

5,496,024.66

6,158,831.21

6,976,150.14

OLEIFERA SKIN CARE PRODUCTS

PROJECTED STATEMENT OF FINANCIAL PERFORMANCE
Note
7
8

Sales
Cost of Goods Sold
Gross Profit
Selling and Distribution Expenses
9
General and Administrative Expenses 10
Net Income Before Tax
Income Tax (30%)
Net Income After Tax

2013
8,989,208.38
(5,593,285.22)
3,395,923.17
(1,140,752.00)
(602,963.67)
1,652,207.50
495,662.25
1,156,545.25

2014
9,591,524.73
(5,971,412.03)
3,620,112.70
(1,190,552.00)
(603,444.28)
1,826,116.42
547,834.93
1,278,281.50

2015
10,194,563.62
(6,374,308.73)
3,820,254.89
(1,255,146.08)
(630,694.24)
1,934,414.58
580,324.37
1,354,090.21

2016
10,933,731.09
(6,917,658.63)
4,016,072.46
(1,311,306.80)
(645,831.17)
2,058,934.50
617,680.35
1,441,254.15

2017
11,621,393.90
(7,346,293.03)
4,275,100.87
(1,383,127.62)
(671,445.27)
2,220,527.98
666,158.39
1,554,369.59

2021
14,991,841.82
(9,842,911.63)
5,148,930.19
(1,686,920.30)
(774,645.56)
2,687,364.33
806,209.30
1,881,155.03

2022
15,898,890.82
(10,548,249.91)
5,350,640.92
(1,767,527.93)
(795,961.95)
2,787,151.04
836,145.31
1,951,005.73

OLEIFERA SKIN CARE PRODUCTS

PROJECTED STATEMENT OF FINANCIAL PERFORMANCE
Note
Sales
7
Cost of Goods Sold
8
Gross Profit
Selling and Distribution Expenses
9
General and Administrative Expenses 10
Net Income Before Tax
Income Tax (30%)
Net Income After Tax

2018
12,373,193.56
(7,951,784.99)
4,421,408.57
(1,446,469.43)
(688,533.01)
2,286,406.13
685,921.84
1,600,484.29

2019
13,163,806.79
(8,461,239.46)
4,702,567.34
(1,526,407.98)
(721,551.41)
2,454,607.95
736,382.38
1,718,225.56

2020
13,975,182.49
(9,125,547.97)
4,849,634.52
(1,597,858.34)
(740,568.22)
2,511,207.96
753,362.39
1,757,845.57

OLLEIFERA SKIN CARE PRODUCTS

PROJECTED STATEMENT OF CASH FLOWS
2013
Cash flow from operating activities:
Net Income
Depreciation
Decrease (Increase) in Inventories
Increase (Decrease) in Rent Payable
Increase (Decrease) in Utilities Payable
Increase (Decrease) in Salaries Payable
Increase (Decrease) in SSS Payable
Increase (Decrease) in Philhealth Payable
Increase (Decrease) Pag ibig Payablle
Increase (Decrease) Accounts Payable
Increase (Decrease) in Withholding Taxes Payable
Increase (Decrease) Income tax Payable
Increase (Decrease) in VAT Payable
Net Cash provided by Operating Activities
Cash flow from investing activities:
Sale (Purchase) of Property, Plant and Equipment
Sale (Purchase) of Furniture and Fixture
Sale (Purchase) of Other Assets
Net Cash provided by Investing Activities

1,156,545.25
67,409.57
(1,933,301.43)
75,000.00
13,409.80
55,110.21
3,867.00
1,487.50
1,200.00
2,178,442.23
4,625.08
123,915.56
12,216.10
1,759,926.86

698,830.00
27,499.00
16,915.00
(743,244.00)

2014

2015

1,278,281.50
67,409.57
(1,518,920.26)
4,500.00
804.59
(15,793.88)
13,043.17
13,084.89
(157,590.42)

2016

1,354,090.21
67,409.57
(1,296,877.71)
4,770.00
852.86
2,172.50
166.00
25.00
43,609.15
320.00
8,122.36
4,550.33
189,210.26

2017

1,441,254.15
67,409.57
(762,383.06)
5,056.20
904.04
(389.27)
9,338.99
7,314.49
768,505.10

1,554,369.59
67,409.57
(520,324.05)
5,359.57
958.28
2,319.71
33.40
25.00
44,514.42
352.42
12,119.51
5,357.14
1,172,494.56

Cash flow from financing activities:

Capital Contribution
Partners Withdrawal
Net Cash provided by Financing Activities

1,600,000.00
(800,000.00)
800,000.00

(800,000.00)
(800,000.00)

(800,000.00)
(800,000.00)

(800,000.00)
(800,000.00)

(800,000.00)
(800,000.00)

Increase (Decrease) in Cash

Cash, beginning balance
Cash, ending balance

1,816,682.86
1,816,682.86

(957,590.42)
1,816,682.86
859,092.44

(610,789.74)
859,092.44
248,302.70

(31,494.90)
248,302.70
216,807.80

372,494.56
216,807.80
589,302.36

OLLEIFERA SKIN CARE PRODUCTS

PROJECTED STATEMENT OF CASH FLOWS
2018
Cash flow from operating activities:
Net Income
Depreciation
Decrease (Increase) in Inventories
Increase (Decrease) in Rent Payable
Increase (Decrease) in Utilities Payable
Increase (Decrease) in Salaries Payable
Increase (Decrease) in SSS Payable
Increase (Decrease) in Philhealth Payable
Increase (Decrease) Pag ibig Payablle
Increase (Decrease) Accounts Payable
Increase (Decrease) in Withholding Taxes Payable
Increase (Decrease) Income tax Payable
Increase (Decrease) in VAT Payable
Net Cash provided by Operating Activities
Cash flow from investing activities:
Sale (Purchase) of Property, Plant and Equipment
Sale (Purchase) of Furniture and Fixture
Sale (Purchase) of Other Assets
Net Cash provided by Investing Activities
Cash flow from financing activities:
Capital Contribution
Partners Withdrawal
Net Cash provided by Financing Activities
Increase (Decrease) in Cash
Cash, beginning balance
Cash, ending balance

1,600,484.29
68,668.78
74,080.47
5,681.15
1,015.77
(397.06)
4,940.86
7,369.24
1,761,843.51

2019
1,718,225.56
68,668.78
391,052.67
6,022.02
1,076.72
2,284.59
167.00
137.50
45,404.71
378.56
12,615.14
6,407.15
2,252,440.39

2,274.98
22,636.09
(24,911.07)

(800,000.00)
(800,000.00)
936,932.44
589,302.36
1,526,234.80

(800,000.00)
(800,000.00)
1,452,440.39
1,526,234.80
2,978,675.19

ODUCTS

ASH FLOWS
2020

2021

1,757,845.57
68,668.78
1,043,934.64
6,383.34
1,141.32
(1,967,535.26)
4,245.00
8,013.54
922,696.93

(800,000.00)
(800,000.00)
122,696.93
2,978,675.19
3,101,372.12

2022

1,881,155.03
68,668.78
1,562,608.31
6,766.34
1,209.80
2,438.42
166.80
25.00
6,616.11
393.70
13,211.73
8,564.62
3,551,824.65

(800,000.00)
(800,000.00)
2,751,824.65
3,101,372.12
5,853,196.77

1,951,005.73
68,668.78
2,254,987.85
7,172.32
1,282.39
(59.01)
7,484.00
8,956.55
4,299,498.59

(800,000.00)
(800,000.00)
3,499,498.59
5,853,196.77
9,352,695.36

Oleifera Skin Care Products

Projeected Statement of Partnership's Equity
Beginning
Capital

Bonus

Interest

Share in Net
Income

Withdrawals

Ending
Capital

2013
De Jesus, Capital
Fermin, Capital
Nerizon, Capital
Salazar, Capital

400,000.00
400,000.00
400,000.00
400,000.00

0.00
0.00
92,523.62
0.00

40,000.00
40,000.00
40,000.00
40,000.00

226,005.41
226,005.41
226,005.41
226,005.41

(200,000.00)
(200,000.00)
(200,000.00)
(200,000.00)

466,005.41
466,005.41
558,529.03
466,005.41

2014
De Jesus, Capital
Fermin, Capital
Nerizon, Capital
Salazar, Capital

466,005.41
466,005.41
558,529.03
466,005.41

0.00
0.00
102,262.52
0.00

40,000.00
40,000.00
40,000.00
40,000.00

254,004.74
254,004.74
254,004.74
254,004.74

(200,000.00)
(200,000.00)
(200,000.00)
(200,000.00)

560,010.15
560,010.15
754,796.29
560,010.15

2015
De Jesus, Capital
Fermin, Capital
Nerizon, Capital
Salazar, Capital

560,010.15
560,010.15
754,796.29
560,010.15

0.00
0.00
108,327.22
0.00

40,000.00
40,000.00
40,000.00
40,000.00

271,440.75
271,440.75
271,440.75
271,440.75

(200,000.00)
(200,000.00)
(200,000.00)
(200,000.00)

671,450.90
671,450.90
974,564.25
671,450.90

2016
De Jesus, Capital
Fermin, Capital
Nerizon, Capital
Salazar, Capital

671,450.90
671,450.90
974,564.25
671,450.90

0.00
0.00
115,300.33
0.00

40,000.00
40,000.00
40,000.00
40,000.00

291,488.45
291,488.45
291,488.45
291,488.45

(200,000.00)
(200,000.00)
(200,000.00)
(200,000.00)

802,939.35
802,939.35
1,221,353.04
802,939.35

2017
De Jesus, Capital
Fermin, Capital
Nerizon, Capital
Salazar, Capital

802,939.35
802,939.35
1,221,353.04
802,939.35

0.00
0.00
124,349.57
0.00

40,000.00
40,000.00
40,000.00
40,000.00

317,505.00
317,505.00
317,505.00
317,505.00

(200,000.00)
(200,000.00)
(200,000.00)
(200,000.00)

960,444.36
960,444.36
1,503,207.61
960,444.36

Oleifera Skin Care Products

Projeected Statement of Partnership's Equity
Beginning Capital

Bonus

Interest

Share in Net Income

Withdrawals

Ending Capital

2018
2,018.00
De Jesus, Capital
Fermin, Capital
Nerizon, Capital
Salazar, Capital

960,444.36
960,444.36
1,503,207.61
960,444.36

0.00
0.00
128,038.74
0.00

40,000.00
40,000.00
40,000.00
40,000.00

328,111.39
328,111.39
328,111.39
328,111.39

(200,000.00)
(200,000.00)
(200,000.00)
(200,000.00)

1,128,555.74
1,128,555.74
1,799,357.74
1,128,555.74

2,019.00
De Jesus, Capital
Fermin, Capital
Nerizon, Capital
Salazar, Capital

1,128,555.74
1,128,555.74
1,799,357.74
1,128,555.74

0.00
0.00
137,458.04
0.00

40,000.00
40,000.00
40,000.00
40,000.00

355,191.88
355,191.88
355,191.88
355,191.88

(200,000.00)
(200,000.00)
(200,000.00)
(200,000.00)

1,323,747.62
1,323,747.62
2,132,007.67
1,323,747.62

2,020.00
De Jesus, Capital
Fermin, Capital
Nerizon, Capital
Salazar, Capital

1,323,747.62
1,323,747.62
2,132,007.67
1,323,747.62

0.00
0.00
140,627.65
0.00

40,000.00
40,000.00
40,000.00
40,000.00

364,304.48
364,304.48
364,304.48
364,304.48

(200,000.00)
(200,000.00)
(200,000.00)
(200,000.00)

1,528,052.10
1,528,052.10
2,476,939.79
1,528,052.10

2,021.00
De Jesus, Capital
Fermin, Capital
Nerizon, Capital
Salazar, Capital

1,528,052.10
1,528,052.10
2,476,939.79
1,528,052.10

0.00
0.00
150,492.40
0.00

40,000.00
40,000.00
40,000.00
40,000.00

392,665.66
392,665.66
392,665.66
392,665.66

(200,000.00)
(200,000.00)
(200,000.00)
(200,000.00)

1,760,717.76
1,760,717.76
2,860,097.85
1,760,717.76

2,022.00
De Jesus, Capital
Fermin, Capital
Nerizon, Capital
Salazar, Capital

1,760,717.76
1,760,717.76
2,860,097.85
1760717.762

0.00 40,000.00
0.00 40,000.00
156,080.46 40,000.00
0
40000

408,731.32
408,731.32
408,731.32
408731.3169

(200,000.00)
(200,000.00)
(200,000.00)
-200000

2,009,449.08
2,009,449.08
3,264,909.63
2009449.079