iVent Organizer

Income Statement
First Year

Assets

Current Asset

Cash on hand 3,900,083.40

Office Supplies 7,000
Event Supplies 31,600
Total Current Assets 3,938,683.40

Non-Current Assets
Office Equipment 8,499.20
Office Furnitures and fixtures 9,500.40
Equipment and tools 48,933.40
Total Non-current Asset 66,933.00

Total Asset P4,005,616.40

Liabilities and Capital

Liabilities

-
Total Liabilities -

Owners Capital P4,005,616.40

Total Equiy and Liabilities P4,005,616.40

 iVent Organizer
Income Statement
First Year

Sales 10,692,000
Cost of Sales 8,553,600
Gross Profit 2,138,400
Expenses
Office Supplies 9,164
Miscellaneous Expenses 6,000
Service Supplies 31,600
Rent Expenses 45,600
Telephone and internet expense 15,588
Electricity Expense 14,400
Salaries Expense 227,448
Pre-operating expenses 1,625
Depreciation
Office Equipment 17,150.16
Office Furnitures and Fixtures 7,399.92
Equipment and tools 20,533.32
Total Depreciation 45,083.40
Total Expenses 396,508.40
Income before tax 1,741,891.60
Less Tax: 522,567.48

Net Income 1,219,324.12

 iVent Organizer
Income Statement
First Year

Cash Flow
Cash Flow from Operating Activities

Net Income 1,219,324.12

Add back: Depreciation 45,083.40

Net Cash Flows from Operating Activities 1,264,407.52

Cash Flows from Investment Activities

Payment for Purchase Office Equipment -
Payment for Purchase Office Furniture and Fixtures -
Payment for Purchase of Equipment and tools -
Payment for Purchase of Service -
Payment for Purchase of Supplies -
Net Cash Used in Investing Activities -

Cash Flow from Financing Activities

Investment from Proprietor -
Net Cash Flow provided by Financing Activities -

Net Increase(Decrease) In Cash 1,264,407.52

Cash Balance, Beginning 2,635,675.88
Cash Balance, Ending 3,900,083.40