Sales

Less: Cost of Goods Sold

Gross Profit

SHAWRAPPED
Projected Income Statement
For the Year Ended December 31,2016-2020
2017
2018
2019
3,603,756.00
3,975,006.00
3,985,015.00
1,297,769.13
1,325,937.98
1,341,324.93
2,305,986.87
2,649,068.02
2,643,690.07

2020
4,067,771.00
1,356,890.45
2,710,880.55

2021
4,457,986.00
1,372,636.60
3,085,349.40

Less: Operating Expenses

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Salaries
Permit and Licenses
Miscellaneous
Sanitary
Utilities
13th Month Pay
SSS (Employers share)
PhilHealth
PAGIBIG
Rental
Office Supplies
Leasehold Improvements
Depreciation
Kitchen Tools

1,500.00
1,046,016.00
13,955.00
5,000.00
666.00
101,250.00
87,168.00
27,902.40
12,600.00
4,800.00
120,000.00
343.00
250,000.00
3,828.41
1,024.00

1,556.70
1,046,016.00
4,350.00
5,189.00
691.17
105,077.25
87,168.00
27,902.40
12,600.00
4,800.00
120,000.00
355.97
0.00
3,828.41
0.00

1,615.54
1,046,016.00
4,350.00
5,385.14
717.30
109,049.17
87,168.00
27,902.40
12,600.00
4,800.00
120,000.00
369.42
0.00
3,828.41
0.00

1,676.61
1,046,016.00
4,350.00
5,588.70
744.42
113,171.23
87,168.00
27,902.40
12,600.00
4,800.00
120,000.00
383.39
0.00
3,828.41
0.00

1,739.99
1,046,016.00
4,350.00
5,799.96
772.55
117,449.10
87,168.00
27,902.40
12,600.00
4,800.00
120,000.00
397.88
0.00
3,828.41
0.00

Total

1,676,052.81

1,419,534.90

1,423,801.39

1,428,229.15

1,432,824.29

Net Profit Before Tax

30% Income Tax

629,934.06
188,980.22

1,229,533.12
368,859.94

1,219,888.68
365,966.61

1,282,651.40
384,795.42

1,652,525.11
495,757.53

Net Income

440,953.84

860,673.18

853,922.08

897,855.98

1,156,767.58

121

SHAWRAPPED
Statement of Cash Flow
For the Year Ended December 31, 2016-2020
2017
2018

2019

2020

2021

Inflows
Initial Investment
Cash Receipts from Sales

3,000,000.00
3,603,756.00

0.00
3,975,006.00

0.00
3,985,015.00

0.00
4,067,771.00

0.00
4,457,986.00

Total Cash Inflows

6,603,756.00

3,975,006.00

3,985,015.00

4,067,771.00

4,457,986.00

Cash payment for purchases

Cash payment for expenses
Cash payment for Prior year payables

1,310,877.91
1,655,934.00
103,807.80

1,326,090.10
1,399,416.09
205,270.62

1,341,478.82
1,403,682.58
385,150.34

1,357,046.12
1,408,110.34
382,257.01

1,372,794.08
1,412,705.48
401,085.82

Total Cash Outflows

3,070,619.71

2,930,776.81

3,130,311.73

3,147,413.47

3,186,585.38

Total Cash Outflows

Beginning Cash Balance
Cash on Hand, December 31

3,533,136.29
0.00
3,533,136.29

1,044,229.19
3,533,136.29
4,577,365.48

854,703.27
4,577,365.48
5,432,068.75

920,357.53
5,432,068.75
6,352,426.28

1,271,400.62
6,352,426.28
7,623,826.91

1,676,052.81

1,419,534.90

1,423,801.39

1,428,229.15

1,432,824.29

16,290.40

16,290.40

16,290.40

16,290.40

16,290.40

Outflows

Computation
Cash Payment for Expenses
Cash pyment for OpEx
Less:
Payables (Sched 35)

122

Depreciation expense
Total
Cash Payment for Expenses

3,828.41
20,118.81
1,655,934.00

3,828.41
20,118.81
1,399,416.09

3,828.41
20,118.81
1,403,682.58

3,828.41
20,118.81
1,408,110.34

3,828.41
20,118.81
1,412,705.48

Shawrapped
Balance Sheet
For the Yer Ended December 31,2016-2020
2017

2018

2019

2020

2021

ASSETS
Cash on Hand
Inventory
Machineries & Equipment
Accum. Depr. Equipment
Total Assets

3,533,136.29
13,108.78
103,807.80
-3,828.41

4,577,365.48
13,260.90
103,807.80
-7,656.82

5,432,068.75
13,414.79
103,807.80
-11,485.23

6,352,426.28
13,570.46
103,807.80
-15,313.64

7,623,826.91
13,727.94
103,807.80
-19,142.05

3,646,224.46

4,686,777.36

5,537,806.11

6,454,490.90

7,722,220.60

205,270.62

385,150.34

382,257.01

401,085.82

512,047.93

3,000,000.00
440,953.84

3,000,000.00
1,301,627.03

3,000,000.00
2,155,549.10

3,000,000.00
3,053,405.08

3,000,000.00
4,210,172.66

LIABILITIES
Liabilities (See Sched 35)
CAPITAL
Capital
Retained Earnings

123

Total Capital

3,440,953.84

4,301,627.03

5,155,549.10

6,053,405.08

7,210,172.66

Total Liabilities and Capital

3,646,224.46

4,686,777.36

5,537,806.11

6,454,490.90

7,722,220.60

124