Вы находитесь на странице: 1из 14

Exhibit 1

INCOME STATEMENT
For the Years Ended December 31
2015

2016

2017

(Sched.1)Sales

975,000.00

1,074,937.50

1,185,118.59

(Sched.2)Cost of Goods Sold

753,616.00

799,882.28

849,239.32

Gross Profit
Less: Operating Expenses

221,384.00

275,055.22

335,879.27

(Sched.5)Salaries and Wages


(Sched.6)Premiums and
Contribution
(Sched.7)Advertising Expense
(Sched.8)Communication Expense

156,000.00

160,680.00

165,500.40

14,131.20
6,000.00
1,000.00

14,131.20
5,100.00
1,030.00

14,131.20
5,202.00
1,060.90

1,000.00

1,020.00

1,040.40

178,131.20
43,252.80
-

181,961.20
93,094.02
4,464.10

186,934.90
148,944.37
14,288.87

43,252.80

88,629.92

134,655.50

(Sched.9)Transportation Expense
Total Operating Expense
Income Before Tax
(Sched.10)Income Tax
Net Income

Financial Data

18

Exhibit 4
BALANCE SHEET
As of Years Ended December 31
ASSETS
Current:
Cash
Total current assets
Non-current:
Property, Plant and equipment
Total Assets

2015
436,602.80
436,602.80

2016
477,582.72
477,582.72

2017
514,588.21
514,588.21

6,650.00

4,300.00

1,950.00

443,252.80

481,882.72

516,538.21

2016

2017

LIABILITIES AND OWNER'S EQUITY


Liabilities:

2015

Owner's Equity

443,252.80

481,882.72

516,538.21

Total Liabilities and Owner's Equity

443,252.80

481,882.72

516,538.21

19

Exhibit 2
STATEMENT OF CASH FLOW
For the Years Ended December 31

Cash Flows from Operations


Cash Flows used in Investing Activities
Purchase of PPEs
Computation
5
Cash Flows from Financing Activities
Initial Investment
Project Cost
Withdrawals

45,602.80

Add: Cash, January 1


Cash, December 31

20

137,005.50

50,000.00

100,000.00

9,000.00

400,000.00
400,000.00

Net Increase(Decrease) in Cash

90,979.92

436,602.80
436,602.80

50,000.00

100,000.00

40,979.92

37,005.50

436,602.80

477,582.72

477,582.72

514,588.21

Exhibit 3

STATEMENT OF CHANGES IN OWNER'S EQUITY


For the Years Ended December 31
Capital, January 1

Investments

Project Cost

Net Income

Exhibit 1

Total
Withdrawals
Capital, December 31

21

443,252.80

481,882.72

43,252.80

88,629.92

134,655.50

443,252.80

531,882.72

616,538.21

50,000.00

100,000.00

481,882.72

516,538.21

400,000.00

443,252.80

Periwinkle Pancake
Schedules
2014

2015

2016

Schedule 1; Sales
Sales in Units
Selling Price
Projected Sales

65,000.00

68,250.00

71,662.50

15.00

15.75

16.54

975,000.00

1,074,937.50

1,185,118.59

65,000.00
9

68,250.00
9.18

71,662.50
9.3636

585,000.00

626,535.00

671,018.99

3,024.00

3,114.72

3,208.16

12.00
36,288.00

12.00
37,376.64

12.00
38,497.94

2.00

2.00

2.00

72,576.00

74,753.28

76,995.88

Schedule 2: Cost of Goods Sold


Raw Materials
Raw Materials
Cost of Raw Materials
Total
Salaries of Service Crews
Salaries Per Month Per Employee
Number of Months per Year
Total Annual Salaries Per Employee
Number of Service Crews
Total Salaries of Service Crews

22

SSS Contribution
Monthly Employer's Share/Employee
Number of Months per Year
Total Annual Employer's Share/Employee
Number of Service Crews
Total Employer's Share
Monthly Employee's Share/Employee
Number of Months per Year
Total Annual Employee's Share/Employee
Number of Service Crews
Total Employee's Share
PhilHealth Contribution
Monthly Employer's Share/Employee
Number of Months per Year
Total Annual Employer's Share/Employee
Number of Service Crews
Total Employer's Share
Monthly Employee's Share/Employee
Number of Months per Year
Total Annual Employee's Share/Employee
Number of Service Crews
Total Employee's Share

23

222.00

222.00

222.00

12.00
2,664.00

12.00
2,664.00

12.00
2,664.00

2.00

2.00

2.00

5,328.00

5,328.00

5,328.00

100.00

100.00

100.00

12.00
1,200.00

12.00
1,200.00

12.00
1,200.00

2.00

2.00

2.00

2,400.00

2,400.00

2,400.00

87.50

87.50

87.50

12.00
1,050.00

12.00
1,050.00

12.00
1,050.00

2.00

2.00

2.00

2,100.00

2,100.00

2,100.00

87.50

87.50

87.50

12.00
1,050.00

12.00
1,050.00

12.00
1,050.00

2.00

2.00

2.00

2,100.00

2,100.00

2,100.00

Total Direct Labor


Salaries of Service Crews
Employer's Share for SSS

72,576.00
5,328.00

74,753.28
5,328.00

76,995.88
5,328.00

2,100.00

2,100.00

2,100.00

80,004.00

82,181.28

84,423.88

Utilities
Monthly Electricity Bills

1,050.00

1,081.50

1,113.95

Monthly Water Bills


Total Monthly Utilities

12.00
1,062.00

12.00
1,093.50

12.00
1,125.95

12.00

12.00

12.00

Total Utilities

12,744.00

13,122.00

13,511.34

Building Rentals
Monthly Rentals

6,000.00

6,180.00

6,365.40

12.00

12.00

12.00

72,000.00

74,160.00

76,384.80

800.00
225.00
125.00
123.00
245.00

816.00
225.00
125.00
123.00
245.00

832.32
225.00
125.00
123.00
245.00

1,518.00

1,534.00

1,550.32

Employer's Share for PhilHealth

Number of Months per Year

Number of Months per Year


Total Building Rentals
Production tools
Frying Pan
Spatula
Plates
Measuring Cap
Measuring Spoon
Total

24

Depreciation Expense
Gas stove
Water Dispenser
Blender
Total
Cost of Goods Sold
Raw Materials
Direct Labor
FOH
Total Cost of Goods Sold

750.00
600.00
1,000.00
2,350.00

750.00
600.00
1,000.00
2,350.00

750.00
600.00
1,000.00
2,350.00

585,000.00
80,004.00
88,612.00
753,616.00

626,535.00
82,181.28
91,166.00
799,882.28

671,018.99
84,423.88
93,796.46
849,239.32

Schedule 3: Depreciation Schedule


Fixed Assets
Gas stove
Water Dispenser
Blender
Totals

Costs
3,000.00
3,000.00
3,000.00
9,000.00

Schedule 4: Fixed Asset


Cost (see computation 5)
Accumulated Depreciation-beg
Add: Depreciation Expense (see computation 5)
Accumulated Depreciation-end
Carrying Amount

9,000.00
2,350.00
2,350.00
6,650.00

25

Depreciable
Amount
3,000.00
3,000.00
3,000.00

9,000.00
2,350.00
2,350.00
4,700.00
4,300.00

Estimated
Useful Life
4
5
3

9,000.00
4,700.00
2,350.00
7,050.00
1,950.00

Annual
Depreciation
750.00
600.00
1,000.00
2,350.00

Schedule 5: Salaries and Wages


Salaries Per Month Per Employee
Number of Months per Year
Total Annual Salaries Per Employee
Number of Managers
Total Salaries of Managers
Monthly Employer's Share/Employee
Salaries Per Month Per Employee
Total Annual Employer's Share/Employee
Number of Managers
Total Employer's Share

Monthly Employee's Share/Employee


Total Annual Salaries Per Employee
Total Annual Employee's Share/Employee
Number of Managers
Total Employee's Share

Monthly Employer's Share/Employee


Total Annual Salaries Per Employee
Total Annual Employer's Share/Employee
Number of Service Crews
Total Employer's Share

26

6,500.00
12
78,000.00
2
156,000.00

6,695.00
12
80,340.00
2
160,680.00

6,895.85
12
82,750.20
2
165,500.40

488.80

488.80

488.80

12.00
5,865.60

12.00
5,865.60

12.00
5,865.60

2.00

2.00

2.00

11,731.20

11,731.20

11,731.20

236.20

236.20

236.20

12.00
2,834.40

12.00
2,834.40

12.00
2,834.40

2.00

2.00

2.00

5,668.80

5,668.80

5,668.80

100.00

100.00

100.00

12.00
1,200.00

12.00
1,200.00

12.00
1,200.00

2.00

2.00

2.00

2,400.00

2,400.00

2,400.00

Monthly
Employee's
Share/Employee
Total Annual Employee's Share/Employee
Total Annual Employee's Share/Employee

100.00

100.00

100.00

12.00
1,200.00

12.00
1,200.00

12.00
1,200.00

2.00

2.00

2.00

2,400.00

2,400.00

2,400.00

11,731.20
2,400.00

11,731.20
2,400.00

11,731.20
2,400.00

14,131.20

14,131.20

14,131.20

Radio advertisement
Flyres

5,000.00
1,000.00

5,100.00
-

5,202.00
-

Total

6,000.00

5,100.00

5,202.00

1,000.00

1,030.00

1,060.90

Number of Service Crews


Total Employee's Share
Schedule 6: Premium and Contribution
SSS
Philhealth
Total

Schedule 7: Advertising Expense

Schedule 8: Communication Expense


Total

27

Schedule 9 : Transportation Expense


Total

1,000.00

1,020.00

1,040.40

Net Income Before Tax

43,252.80

93,094.02

148,944.37

Less: Personal Exemption

50,000.00

50,000.00

50,000.00

Taxable Income

(6,747.20)

43,094.02

98,944.37

In Excess of

30,000.00

70,000.00

Taxable Income

13,094.02

28,944.37

Schedule 10: Income Tax

Tax Rate

28

15%

20%

Tax due

1,964.10

5,788.87

Tax due

2,500.00

8,500.00

Income Tax

4,464.10

14,288.87

Profitability Sustainability Ratios


Sales Growth (Shakes)
Current Period Sales
Previous Period Sales
Difference
Previous Period Sales

975,000.00
-

1,074,937.50
975,000.00

1,185,118.59
1,074,937.50

975,000.00
-

99,937.50
975,000.00
10.25
%

110,181.09
1,074,937.50

221,384.00
975,000.00
22.71
%

275,055.22
1,074,937.50
25.59
%

335,879.27
1,185,118.59
28.34
%

178,131.20
1,131,000.00
15.75
%

181,961.20
1,235,617.50
14.73
%

186,934.90
1,350,618.99
13.84
%

178,131.20
221,626.40
80.37
%

181,961.20
462,567.76
39.34
%

186,934.90
499,210.47
37.45
%

178,131.20

181,961.20

186,934.90

N/A

10.25%

Gross Profit Margin (Shakes)


Gross Profit
Total Sales

Net Profit Margin


Net Profit
Total Sales

Return on Assets
Net Profit
Average Total Assets

Return on Owner's Equity


Net Profit
29

Average Total Owner's Equity

221,626.40
80.37
%

462,567.76
39.34
%

499,210.47
37.45%

Operational Efficiency Ratio


Operating Expense Ratio
Operating Expense
Total Revenue

1,000.00
1,131,000.00
0.09%

1,020.00
1,235,617.50
0.08%

1,040.40
1,350,618.99
0.08%

1,131,000.00
221,626.40
5.10

1,235,617.50
462,567.76
2.67

1,350,618.99
499,210.47
2.71

1,131,000.00
3,325.00
340.15

196,092.40
5,475.00
35.82

201,066.10
3,125.00
64.34

Total Asset Turnover


Revenue
Average Total Assets

Fixed Asset Turnover


Revenue
Average Fixed Assets

30

31