HIKARI SSP CORPORATION

MANILA OFFICE
Proposed Corporate Budget for 2016
ASSETS:
Motor Vehicles
Total Car loan:
Less: payments

2,111,551.92
1,509,117.60

Office Equipments
Total Assets

602,434.32
100,000.00

EXPENSES:
SALARIES & WAGES
Salaries & wages of Japanese Technician- based on Calamian Invoice
Hikari staff 98,556.12 for 9 pax x12
additional 1 staff P 10,582.00 X 12
Drivers P13,390 for 1 pax x 12
13th month pay
Allowance for Promotion & Increase
Monthly allowance hikari staff P1,000 for 11 pax X 12

2,640,000.00
1,182,673.44
126,984.00
160,680.00
122,528.12
144,902.40
132,000.00

TRAVEL & TRANSPORTATION

Meals and transportation
Hotel Accomodation (local)
airfare
RENT EXPENSES
Office Rentals for P44,000.00 x 12 months
Condo rental for visitors P44,000 x 12
Parking fee rental 3 units x P2,000.00 x 12
Rental for Innova P30,000 x 12
Staff house 3,000 x 12

528,000.00
528,000.00
72,000.00
360,000.00
36,000.00

FUEL AND OIL

Fuel Consumption
INSURANCE
Innova/APV/Pajero/Grandia
LIGHT,POWER AND WATER
Office 22,000 x 12
Electrical Bill for Condo- 3 units for 5,000.00 x 12
Water cons. for Condo 3 units for 500.00x 12

264,000.00
180,000.00
36,000.00

COMMUNICATIONS
523-7564
6,000.00 x 12
523-7534
7,000 x 12
523-3859
5,000 x 12
354-5204
1,800 x 12
sun cellular
6,000 x 12
wpr celphone
1,500 x 12
luna S. Cell
1,000x 12
PLDT My DSL
5,000 x 12
DHL /LBC /Others (1,000.00 x 12 months)

72,000.00
84,000.00
60,000.00
48,000.00
21,600.00
18,000.00
10,000.00
60,000.00
12,000.00

OFFICE SUPPLIES
7,000.00 x 12
SSS, PhilHealth and EC Premium
PROFESSIONAL FEES
Atty Ligaya Austria @ 1,200 x 12
TAXES AND LICENSES
Mayors Permit & Mun Licenses ( Hikari)
Various Taxes- ( Japanese- DOLE Employment)
Vehicle Registration
REPAIRS AND MAINTENANCE
Balagtas Condo Assoc.Dues ( 5,000 for 3 units x 12)
Office & other repairs

20,000.00
80,000.00
45,000.00
78,000.00
300,000.00

HOUSEKEEPING
MEDICAL
Allowance for medical
PROMOTIONS
Allowance for Promotions
Pag-Ibig Contributions
MISCELLANEOUS & OTHERS EXPENSES
Subscriptions
1. Phil Star @ 3,120.00 x 2 ( 6 months)
2. Malaya Newspaper @ 2,085.00 x 2 (6 months)
3. Phil. Export Membership fee January
4. Allowance for Miscellaneos Expenses
5. Notarial Fees 600.00 x 12
6. Bank CHARGES
7. Asian Int'l Shimbun (5,700.00 x 2)
Packing & Transport
Dimerco; Philexport & Shipping costs

6,240.00
4,170.00
2,000.00
36,000.00
7,200.00
10,000.00
11,400.00

TOTAL BUDGET

702,434.32

4,509,767.96

5,000,000.00

1,524,000.00

400,000.00

70,000.00

480,000.00

385,600.00

96,000.00
103,200.00

14,400.00

145,000.00

378,000.00
50,000.00

50,000.00

30,000.00
21,600.00

77,010.00

500,000.00

14,537,012.28

HIKARI SSP CORPORATION

Manila Department

COMPARATIVE PROPOSED ANNUAL BUDGET

ACCOUNT TITLE

Budget 2015

Budget 2016

ASSETS
Motor Vehicles

1,537,797.14

602,434.32

100,000.00

100,000.00

1,637,797.14

702,434.32

Salaries and Wages

4,137,313.96

4,509,767.96

Travel Expense

6,500,000.00

5,000,000.00

Rent Expense

1,531,000.00

1,524,000.00

809,400.00

400,000.00

60,000.00

70,000.00

Light, Power and Water

480,000.00

480,000.00

Communication

325,600.00

385,600.00

96,000.00

96,000.00

103,200.00

103,200.00

14,400.00

14,400.00

Taxes and Licenses

145,000.00

145,000.00

Repairs and Maintenance

350,000.00

378,000.00

Office Equipments
Furniture and Fixtures
Farm machineries
SUB TOTAL
EXPENSES

Fuel and Oil

Insurance

Office Supplies
SSS, Philhealth and EC Prem.
Professional
Interest Expense

Housekeeping

50,000.00

Medical

100,000.00

50,000.00

Promotions

30,000.00

30,000.00

Pag-ibig Contribution

14,400.00

21,600.00

800,000.00

500,000.00

77,010.00

77,010.00

SUB-TOTAL

15,573,323.96

13,834,577.96

GRAND TOTAL

17,211,121.10

14,537,012.28

Contracted services
Packing & transport
Bank Charges
Miscellaneous

VARIANCE

935,362.82
0.00
935,362.82

(372,454.00)
1,500,000.00
7,000.00
409,400.00
(10,000.00)
0.00
(60,000.00)
0.00
0.00
0.00
0.00
0.00
(28,000.00)

50,000.00
0.00
(7,200.00)
0.00
300,000.00
0.00
0.00
1,788,746.00

2,724,108.82

HIKARI SSP CORPORATION

Manila Department
BUDGET VS. ACTUAL
October 31,2015

ACCOUNT TITLE

ASSETS
Motor Vehicles
Office Equipments
Farm Machineries
Furniture and Fixtures
SUB TOTAL
EXPENSES
Salaries and Wages
Travel Expense
Rent Expense
Fuel and Oil
Insurance
Light, Power and Water
Communication
Office Supplies
SSS, Philhealth and EC Premium
Professional
Taxes and Licenses
Repairs and Maintenance
Medical
Promotions
Pag-ibig Contribution
Miscellaneous
Packing & Transport
SUB-TOTAL
GRAND TOTAL

BUDGET

ACTUAL

VARIANCE

BUDGET 2015

1,281,497.62
83,333.33

1,281,497.62
83,333.33

1,364,830.95

1,364,830.95

3,447,761.63
5,416,666.67
1,275,833.33
674,500.00
50,000.00
400,000.00
271,333.33
80,000.00
86,000.00
12,000.00
120,833.33
291,666.67
83,333.33
25,000.00
12,000.00
64,175.00
666,666.67

1,208,081.62
3,204,342.74
1,252,780.70
227,267.27
59,397.48
219,924.08
262,893.68
64,792.10
67,594.30
12,000.00
83,796.18
297,730.44
6,600.00

12,977,769.97
14,342,600.92

7,155,349.95
8,520,180.90

1,537,797.14
100,000.00
-

8,800.00
65,985.51
113,363.85

1,637,797.14

2,239,680.01
2,212,323.93
23,052.63
447,232.73
(9,397.48)
180,075.92
8,439.65
15,207.90
18,405.70
0.00
37,037.15
(6,063.77)
76,733.33
25,000.00
3,200.00
(1,810.51)
553,302.82

4,137,313.96
6,500,000.00
1,531,000.00
809,400.00
60,000.00
480,000.00
325,600.00
96,000.00
103,200.00
14,400.00
145,000.00
350,000.00
100,000.00
30,000.00
14,400.00
77,010.00
800,000.00

5,822,420.02
5,822,420.02

15,573,323.96
17,211,121.10

2015
Remaining Budget

256,299.52
16,666.67

272,966.19

2,929,232.34
3,295,657.26
278,219.30
582,132.73
602.52
260,075.92
62,706.32
31,207.90
35,605.70
2,400.00
61,203.82
52,269.56
93,400.00
30,000.00
5,600.00
11,024.49
686,636.15
8,417,974.01
8,690,940.20

(8,690,940.20)