Break Even Analysis

Units
Price
VC
CM
FC
Profit

Shitake
584
Units
450 262,978.46 Price
46.12 26,953.46 VC
403.88 236,025.00 CM
236,025.00
FC
PHP 0.00
Profit

Milky
1,222
200 244,482.06
6.92
1,383.67
193.08 236,025.00
236,025.00
PHP 0.00

Date Ordered
Lead Time
Date received

purchasing of substrate materials and other supplies

2015
2016
2017
1
2
1
2
1
2
1-Dec
1-May
1-Dec
1-May
1-Dec
1-May
7d
7d
7d
7d
7d
7d
8-Dec
8-May
8-Dec
8-May
8-Dec
8-May

other supplies
2018
1
2
1-Dec
1-May
7d
7d
8-Dec
8-May

2019
1
2
1-Dec
1-May
7d
7d
8-Dec
8-May

Products
Milky Mushroom
Shitake Mushroom
TOTAL:

Expected Volume of Production (kg)

1st
2nd
3rd
4th
800
1050
1300
1800
1300
2000
3000
3600
2100
3050
4300
5400

Shitake Mushroom
Fruiting bags per shelf
Shelves in Farm House
Yield per bag
Total Yield Per Cycle
Cycles per year
Total Yearly Capacity of Production

96
20
0.3
576
2
1152

Cost Volu
3792

Milky Mushroom
Bags per Shelf
Shelves in Farm House
Yield per Bag
Total Yield Per Cycle
Cycles per year
Total Yearly Capacity of Production

SM
MM

Shitake
40
11
2
880
3
2640

Units
Price
VC
CM
FC
Profit

VC 1st
VC 2nd
46.12187 21.12021 Units
6.918349 3.168349 Price
VC
CM
FC
Profit

800.00
450.00
46.12
403.88
249,473.75
PHP 73,628.76
Shitake
1,050.00
450.00
21.12
428.88
PHP

260,466.06
189,857.71

Shitake
Units
Price
VC
CM
FC
Profit

1,300.00
450.00
21.12
428.88
PHP

267,436.27
290,107.45

Shitake
Units
Price
VC

1,800.00
450.00
21.12

CM
FC
Profit

428.88
PHP

275,073.50
496,910.11

Shitake
Units
Price
VC
CM
FC
Profit

Break even volume

2,500.00
450.00
21.12
428.88
PHP

284,002.72
788,196.74

5th
2500
4000
6500

s
m
COST OF GOODS SOLD
SHIITAKE
MILKY
TOTAL
SALES
SHIITAKE
MILKY
TOTAL

2015
PHP 360,000.00
PHP 260,000.00
PHP 620,000.00

Cost Volume Profit Analysis

1st year
Shitake
Units
Price
VC
CM
FC
Profit
2nd Year

1,300.00
200.00
260,000.00
6.92
1,383.67
193.08
258,616.33
249,473.75
PHP 9,142.58

Shitake

2100.00
38,281.16
498,947.50
PHP 82,771.34

Milky
1,050.00
472,500.00
22,176.23
450,323.77
260,466.06
189,857.71

Units
Price
VC
CM
FC
Profit
3rd Year

2,000.00
400,000.00
633.67
399,366.33
260,466.06
138,900.27

200.00
3.17
196.83
PHP

Shitake

PHP

total capacity
Milky

800.00
360,000.00
36,897.49
323,102.51
249,473.75
PHP 73,628.76

PHP

360000
260000
2015
36,897.49
1,383.67
38,281.16

3050.00

328,757.98

Milky
1,300.00
585,000.00
27,456.28
557,543.72
267,436.27
290,107.45

Units
Price
VC
CM
FC
Profit
4th year

3,000.00
600,000.00
633.67
599,366.33
267,436.27
331,930.06

200.00
3.17
196.83
PHP

Shitake

4300.00

622,037.51

Milky
1,800.00 Units
810,000.00 Price
38,016.39 VC

200.00
3.17

3,600.00
720,000.00
11,406.06

5400.00

PHP

771,983.61 CM
275,073.50 FC
496,910.11 Profit
5th year

196.83
PHP

Shitake

PHP

708,593.94
275,073.50
433,520.44

930,430.55

Milky
2,500.00
1,125,000.00
52,800.54
1,072,199.46
284,002.72
788,196.74

Units
Price
VC
CM
FC
Profit

200.00
3.17
196.83
PHP

4,000.00
800,000.00
12,673.40
787,326.60
284,002.72
503,323.88

6500.00

1,291,520.63

472500
400000
2016
22,176.23
633.67
22,809.90

585,000.00
600000
2017
27,456.28
633.67
28,089.95

810000
720000
2018
38,016.39
11,406.06
49,422.44

1125000
800000
2019
52,800.54
12,673.40
65,473.93

2016
472,500.00
400,000.00
PHP 872,500.00

2017
585,000.00
600,000.00
PHP 1,185,000.00

2018
810,000.00
720,000.00
PHP 1,530,000.00

2019
1,125,000.00
800,000.00
PHP 1,925,000.00

gap

market share
5996.04

0.3502

38,281.16
498947.5
249473.75

8351.73

520932.125
260466.0625

0.3652

22,809.90

284002.7195

10807.2

0.3979

28,089.95
472050
236025

13365.66
49,422.44

0.4040

cost
495127
247563.25

16030.41
65,473.93

0.4055

534872.539
267436.269

550147
275073.5

cost
504103
530361
252051.288 265180.266

564154
282077

568005.4
284002.7

Hum

For t
Revenue:
Sales From Shitake Mushroom
Sales From Milky Mushroom
Gross Sales :
Less: Cost Of Goods Sold
Net Sales
Less: Operating Expenses
Salaries And Wages
Depreciation Expense
Light And Water Expense
Professional Fees Expense
Gas and Oil Expense
13th Month Pay
Supplies Expense
Taxes and Licenses
Telecommunication Expense
Miscellaneous Expense
Repair and Maintenance
Transportation and Travel
Total Expenses
Profit Before Tax
Less : Tax
Net Income After Tax

2015
360,000.00
260,000.00
620,000.00
38,281.16

581,718.84

309,750.00
42,897.50
72,000.00
24,000.00
18,000.00
6,600.00
24,000.00
1,700.00

498,947.50

82,771.34
24,831.40
57,939.94

Humongus Mushroom Company

Income Statement
For the Year ended December 31
2016
472500
400000
872,500.00
22,809.90

2017

585,000.00
600,000.00
1,185,000.00
28,089.95
849,690.10
1,156,910.05

319,042.50
41,805.63
74,160.00
24,000.00
18,000.00
11,000.00
6,600.00

20,000.00
1,000.00
2,197.00
3,127.00

328,613.78
40,769.96
76,384.80
24,000.00
20,000.00
11,394.00
6,600.00
21,333.00
3,000.00
2,777.00

520,932.13

534,872.54

328,757.98
98,627.39
230,130.59

622,037.51
186,611.25
435,426.26

2018
2019
810000
1,125,000.00
720000
800,000.00
1,530,000.00
1,925,000.00
49,422.44
65,473.93
1,480,577.56
1,859,526.07

338,472.19
39,786.47
78,676.34
24,000.00
15,000.00
9,314.00
6,600.00
13,355.00
19,000.00

3,443.00
2,500.00

348,626.35
38,851.45
81,036.63
24,000.00
15,000.00
9,500.00
6,600.00
15,500.00
20,000.00
1,997.00
3,894.00
3,000.00

550,147.01

568,005.44

930,430.55
279,129.17
651,301.39

1,291,520.63
387,456.19

904,064.44

okay

okay

46,351.95
11,587.99

beginning
Current Assets :

Non Current Assets:

Cash
Accounts Receivable
Total Current Assets
Land
Building
Accu. Depreciation
Machinery
Accu. Depreciation
Truck
Accu. Depreciation
Furniture And Fixtures
Accu. Depreciation

Total Assets:

Delos Reyes, Capital

Marcelo, Capital
Ty, Capital
Total Equity:

3,000,000.00

beginning

2015

854,173.56

Humongus Mushroom Company

Statement of Financial Position
For the Year Ender December 31,
2016
ASSETS
168,566.34

2,500,000.00
2970000.00

2,940,300.00

19,950.00
190,000.00
27,000.00
6,561,123.56
6,561,123.56

6589063.50
Liabilities and Partner's Equity
2,979,313.31
1,100,436.87
2,509,313.31
6589063.50

2,970,000.00
1,091,123.56
2,500,000.00
6561123.56

6561123.56

854,173.56

6589063.50

854,173.56

Mushroom Company
f Financial Position
Ender December 31,
2016
ASSETS

2017

412,369.23

2018

703,577.44

2910897.00

2881788.03

6779194.08

7164620.34

nd Partner's Equity
3,042,690.17
1,163,813.73
2,572,690.17
6779194.08

3,171,165.59
1,292,289.15
2,701,165.59
7164620.34

6779194.08

7164620.34

2018

2019

1,010,003.50

1,369,223.53

2852970.15

7755921.73

8589986.17

3,368,266.06
1,489,389.62
2,898,266.06
7755921.73

3,646,287.54
1,767,411.10
3,176,287.54
8589986.17

7755921.73

8589986.17

Humong
Stat
For the y
beginning

Cash Flows from operating activities

Cash received from customers
Cash payments for:
Salaries And Wages
Light And Water Expense
Professional Fees Expense
Gas and Oil Expense
13th Month Pay
Supplies Expense
Taxes and Licenses
Telecommunication Expense
Miscellaneous Expense
Repair and Maintenance
Transportation and Travel
Cost of Sales

total expenses
Depreciation Expense

Cash flow from investing activities

Acquisition of Truck
Acquisition of Machinery
Acquisition of Furniture and Fixtures

190,000.00
19,950.00
27,000.00
236,950.00

Cash flow from financing activities

Investment, Marcelo
Cash Balance, December 31

1,091,123.56
854,173.56

Humongus Mushroom Company

Statement of Cash flows
For the year ended December 31,
2015
2016
620,000.00
309750
72000
24000
18000
6600
24000
1700

38281.16247

494,331.16
42897.5

168,566.34

2017
872,500.00

319,042.50
74,160.00
24,000.00
18,000.00
11,000.00
6,600.00

328,613.78
76,384.80
24,000.00
20,000.00
11,394.00
6,600.00

20,000.00
1,000.00
2,197.00
3,127.00
22,809.90

21,333.00
3,000.00
2,777.00
28,089.95

501,936.40
41,805.63

412,369.23

2018
1,185,000.00

2019
1,530,000.00

338,472.19
78,676.34
24,000.00
15,000.00
9,314.00
6,600.00
13,355.00
19,000.00

1,925,000.00
348,626.35
81,036.63
24,000.00
15,000.00
9,500.00
6,600.00
15,500.00
20,000.00
1,997.00
3,894.00
3,000.00
65,473.93

3,443.00
2,500.00
49,422.44

522,192.52

559,782.98

594,627.92

40,769.96

39,786.47

38,851.45

703,577.44

1,010,003.50

1,369,223.53

Building
beginning
value
Salvage Value
depreciation rate
Asset Life
Annual Depreciation

3000000
0
0.01
50
30000

2015
2970000
0
0.01
50
29700

2016
2940300
0
0.01
50
29403
Truck

beginning
value
Salvage Value
depreciation rate
Asset Life
Annual Depreciation

200000
0
0.05
10
10000

2015
190000
0
0.05
10
9500

21000
0
0.05
10
1050

2015
19950
0
0.05
10
997.5

beginning
value
Salvage Value
depreciation rate
Asset Life
Annual Depreciation
beginning
value
Salvage Value
depreciation rate
Asset Life
Annual Depreciation
TOTAL DEP

30000
0
0.1
5
3000

2015
27000
0
0.1
5
2700
42897.5

2016
180500
0
0.05
10
9025
Mechanical Dryer
2016
18952.5
0
0.05
10
947.625
furniture and fixtures
2016
24300
0
0.1
5
2430
41805.625

Building
2017
2910897
0
0.01
50
29108.97
Truck
2017
171475
0
0.05
10
8573.75
Mechanical Dryer
2017
18004.875
0
0.05
10
900.24375
furniture and fixtures
2017
21870
0
0.1
5
2187
40769.96375

2018
2881788.03
0
0.01
50
28817.8803
2018
162901.25
0
0.05
10
8145.0625
2018
17104.63125
0
0.05
10
855.2315625

2019
2020
2852970.1497 2824440.448203
0
0
0.01
0.01
50
50
28529.701497 28244.40448203
2019
154756.1875
0
0.05
10
7737.809375

2020
147018.378125
0
0.05
10
7350.91890625

2019
2020
16249.3996875 15436.929703125
0
0
0.05
0.05
10
10
812.469984375 771.8464851563

2018
2019
2020
19683
17714.7
15943.23
0
0
0
0.1
0.1
0.1
5
5
5
1968.3
1771.47
1594.323
39786.4743625 38851.450856375 37961.492873436

2021
2796196.043721
0
0.01
50
27961.96043721
2021
139667.45921875
0
0.05
10
6983.3729609375
2021
14665.083217969
0
0.05
10
733.2541608984
2021
14348.907
0
0.1
5
1434.8907
37113.478259046

TOTAL PROJECT COSTS

Cost of Assets
Land
Building
Machinery And Equipment
Furniture And Fixtures
Drum
Mechanical Dryer
Basins
Shovels
Shelves
Alcohol Lamp
Forcep Scissor
truck
stove

2,500,000.00
3,000,000.00
257,780.00
30,000.00
1,050.00
21,000.00
660
1,200.00
25,000.00
280
200
200,000.00
8,390.00
6045560
57283.56

COGS
Operating Expenses
Salaries And Wages
Depreciation Expense
Light And Water Expense
Professional Fees Expense
Gas and Oil Expense
Supplies Expense
Telecommunication Expense
Miscellaneous Expense
Total Expenses
Total Project Cost

PHP 307,980.00
16,000.00
60,000.00
24,000.00
18,000.00
6,600.00
24,000.00
1,700.00
458,280.00
6,561,124

Humongus Mushroom Company

Statement of Changes in Equity
For the year ended December 31
beginning

2015
Delos Reyes Capital
###
19,313.31
0.33
-10,000
2,979,313.31
Marcelo
1,091,123.56
19,313.31
0.34
(10,000.00)
1,100,436.87

beginning
Add: Profit
capital ratio
Less: Drawings
end

2,970,000.00

beginning
Add: Profit
capital ratio
Less: Drawings
end

1,091,123.56

beginning
Add: Profit
capital ratio
Less: Drawings
end

2,500,000.00

2,500,000.00

Ty
###
19,313.31
0.33
(10,000.00)
2,509,313.31

TOTAL EQUITY

6,561,123.56

6,589,063.50

0.33
2,970,000.00

0.34
1,091,123.56

0.33

6561123.56

2016

2017

2018

2019

s Reyes Capital
2,979,313.31
76,710.20
0.33
(13,333.33)
3,042,690.17

3,042,690.17
145,142.09
0.33
(16,666.67)
3,171,165.59

3,171,165.59
217,100.46
0.33
(20,000.00)
3,368,266.06

3,368,266.06
301,354.81
0.33
(23,333.33)
3,646,287.54

1,100,436.87
76,710.20
0.34
(13,333.33)
1,163,813.73

1,163,813.73
145,142.09
0.34
(16,666.67)
1,292,289.15

1,292,289.15
217,100.46
0.34
(20,000.00)
1,489,389.62

1,489,389.62
301,354.81
0.34
(23,333.33)
1,767,411.10

2,509,313.31
76,710.20
0.33
(13,333.33)
2,572,690.17

2,572,690.17
145,142.09
0.33
(16,666.67)
2,701,165.59

2,701,165.59
217,100.46
0.33
(20,000.00)
2,898,266.06

2,898,266.06
301,354.81
0.33
(23,333.33)
3,176,287.54

6,779,194.08

7,164,620.34

7,755,921.73

8,589,986.17

Marcelo

Ty

-30000
-40000
-50000
-60000
-70000

57,939.94

230,130.59 435426.258529 651301.385086

904064.43937

2015
2016
2017
2018
2019

Capacity
Gap
Market Share
2100 5996.04
35.02%
3050 8351.73
36.52%
4300 10807.2
39.79%
5400 13365.66
40.40%
6500 16030.41
40.55%

Mar

1295372

Market Share
2015