Statement of Financial Position

Beg 2015
Asset
Current Assets:
Cash 45,000,000.00 35,985,577.32
Account Recievable 500,000.00
Note Recievable 500,000.00
Supply 4,079,350.00
Inventory 260,000.00
Prepaid Expense
Total Current Asset 45,000,000.00 41,324,927.32
Non-Current Asset
Building 15,000,000.00 15,000,000.00
Land 10,000,000.00 10,000,000.00
Equipment 4,778,723.00
Furniture & Fixture 4,276,825.00
Total Non-Current Asset 25,000,000.00 34,055,548.00

TOTAL ASSETS: 70,000,000.00 75,380,475.32

Liability
Current Liability:
Income Tax Payable 1,614,142.60
Accounts Payable
Non-Current Liability
Loan Payable
Total Liability 1,614,142.60
Equity
Ancheta Capital 10,500,000.00 11,064,949.91
Cordero Capital 15,000,000.00 15,753,266.54
Bautista Capital 10,000,000.00 10,564,949.91
Oquendo Capital 10,000,000.00 10,564,949.91
Garcia Capital 10,500,000.00 11,064,949.91
Magat Capital 14,000,000.00 14,753,266.54
Total Equity 70,000,000.00 73,766,332.72

Total Liability & Equity 70,000,000.00 75,380,475.32

2016

49,526,950.53
500,000.00
500,000.00
3,671,415.00
840,000.00

55,038,365.53

14,625,000.00
10,000,000.00
4,267,245.70
4,349,142.50
33,241,388.20

88,279,753.73

1,204,026.30
500,000.00

10,000,000.00
11,704,026.30

11,486,359.11
16,315,145.49
10,986,359.11
10,986,359.11
11,486,359.11
15,315,145.49
76,575,727.43

88,279,753.73
 Trial Balance
2015
Debit Credit
Asset
Current Assets:
Cash 35,985,577.32
Account Recievable 500,000.00
Note Recievable 500,000.00
Supply 4,079,350.00
Inventory
Prepaid Expense

Non-Current Asset
Building 15,000,000.00
Land 10,000,000.00
Equipment 4,778,723.00
Furniture & Fixture 4,276,825.00
Accumulated Depreciation-Building
Accumulated Depreciation-Equipment
Accumulated Depreciation-Supply
Accumulated Depreciation-F&F
75,120,475.32
Liability
Current Liability:
Accounts Payable
Non-Current Liability
Loan Payable

Equity
Ancheta Capital 10,500,000.00
Cordero Capital 15,000,000.00
Bautista Capital 10,000,000.00
Oquendo Capital 10,000,000.00
Garcia Capital 10,500,000.00
Magat Capital 14,000,000.00
70,000,000.00

Revenue
Rent Income 7,900,000.00
Service Income 8,160,011.12
16,060,011.12
 Expense
SSS Contribution 251,791.20
Phil-Health Contribution 71,250.00
Pag-ibig Contribution 22,800.00
Withholding Tax Contribution 147,053.54
Wages Expense 2,546,641.06
Advertising Expense 1,000,000.00
Utilities Expense 3,900,000.00
Inventory Expense 2,950,000.00
Legal Cost 50,000.00
10,939,535.80

Total Balance 86,060,011.12 86,060,011.12

 2016 2016
Debit Credit Debit Credit

49,526,950.53
500,000.00
500,000.00
3,671,415.00
260,000.00

14,625,000.00
10,000,000.00
4,267,245.70
4,349,142.50
375,000.00
511,477.30
407,935.00
427,682.50
89,421,848.53

500,000.00

10,000,000.00
10,500,000.00

11,064,949.91
15,753,266.54
10,564,949.91
10,564,949.91
11,064,949.91
14,753,266.54
73,766,332.72

7,900,000.00
7,868,346.26
15,768,346.26
 272,773.80
77,187.50
24,700.00
159,308.01
2,758,861.14

4,000,000.00
3,270,000.00
50,000.00
10,612,830.45
-
100,034,678.98 100,034,678.98
 Income Statement
2015
Gross Sales:
Service Income 8,160,011.12
Rent Income 7,900,000.00
16,060,011.12
Cost of Good Sold: 2,690,000.00
Total Income 13,370,011.12
Operating Expense:
Wages Expense 2,546,641.06
Advertising Expense 1,000,000.00
Utilities Expense 3,900,000.00
Legal Cost 50,000.00
SSS Contribution 251,791.20
Phil-Health Contribution 71,250.00
Pag-ibig Contribution 22,800.00
Withholding Tax Contribution 147,053.54
7,989,535.80
PROFIT (LOSS)BEFORE INCOME TAX 5,380,475.32
Income Tax 1,614,142.60
Net Income(Loss) 3,766,332.72
Income Statement
2016
Gross Sales:
Service Income 7,868,346.26
Rent Income 7,900,000.00
Cost of Good Sold: 15,768,346.26
Total Income 2,690,000.00
13,078,346.26
Operating Expense:
Wages Expense 2,758,861.14
Utilities Expense 4,000,000.00
Supply-Depreciation 407,935.00
SSS Contribution 272,773.80
Phil-Health Contribution 77,187.50
Pag-ibig Contribution 24,700.00
Withholding Tax Contribution 159,308.01
Furniture and fixture-Depreciation 427,682.50
Legal Cost 50,000.00
Building-Depreciation 375,000.00
Equipment-Depreciation 511,477.30
9,064,925.25
PROFIT (LOSS) BEFORE INCOME TAX 4,013,421.01
Income Tax 1,204,026.30
Net Income(Loss) 2,809,394.71
 Statement of Cashflow
2015 2016
Cash Beginning 45,000,000.00 Cash Beginning
Cash Reciept 15,060,011.12 Cash Reciept
Operating Activities Expense:
Wages Expense 2,546,641.06 Income Tax Payable
Advertising Expense 1,000,000.00 SSS Contribution
Utilities Expense 3,900,000.00 Phil-Health Contribution
Inventory Expense 2,950,000.00 Pag-ibig Contribution
SSS Contribution 251,791.20 Withholding Tax Contribution
Phil-Health Contribution 71,250.00 Wages Expense
Pag-ibig Contribution 22,800.00 Utilities Expense
Withholding Tax Contribution 147,053.54 Inventory Expense
Supply 4,079,350.00 Legal Cost
Equipment 4,778,723.00 cash end
Furniture & Fixture 4,276,825.00
Legal Cost 50,000.00
cash end 35,985,577.32
of Cashflow
2016
sh Beginning 35,985,577.32
sh Reciept 25,768,346.26

Income Tax Payable 1,614,142.60

SSS Contribution 272,773.80
Phil-Health Contribution 77,187.50
Pag-ibig Contribution 24,700.00
Withholding Tax Contribution 159,308.01
Wages Expense 2,758,861.14
Utilities Expense 4,000,000.00
Inventory Expense 3,270,000.00
Legal Cost 50,000.00
49,526,950.53
 PAYROLL SSS
Rate/Mos. Rate/Day Employers Rate Employee's Rate
General Manager 25,000.00 961.54 1,178.70 581.30
Assistant Manager 20,000.00 769.23 1,178.70 581.30
Accounting Officer 15,000.00 576.92 1,105.00 545.00
Payroll Officer 14,000.00 538.46 1,031.30 508.70

Front Desk Clerk 1 13,000.00 500.00 957.70 472.30

Front Desk Clerk 2 13,000.00 500.00 957.70 472.30
Front Desk Clerk 3 13,000.00 500.00 957.70 472.30
Front Desk Clerk 4 13,000.00 500.00 957.70 472.30

Housekeeping 1 12,000.00 461.54 834.00 436.00

Housekeeping 2 12,000.00 461.54 834.00 436.00
Housekeeping 3 12,000.00 461.54 834.00 436.00
Housekeeping 4 12,000.00 461.54 834.00 436.00
Housekeeping 5 12,000.00 461.54 834.00 436.00

Cook 1 10,000.00 384.62 736.70 363.30

Cook 2 10,000.00 384.62 736.70 363.30
Kitchen Helper 1 8,000.00 307.69 589.30 290.70
Kitchen Helper 2 8,000.00 307.69 589.30 290.70

Houseman 7,500.00 288.46 552.50 272.50

Maintenance 8,000.00 307.69 589.30 290.70
 February-December 2015
SS PHIL-HEALTH
Total Contribution Total monthly Premium Employee's Share Employer Share Employee's Share
581.30 625.00 312.50 312.50
581.30 500.00 250.00 250.00
545.00 375.00 187.50 187.50
1,540.00 350.00 175.00 175.00

1,430.00 325.00 162.50 162.50

1,430.00 325.00 162.50 162.50
1,430.00 325.00 162.50 162.50
1,430.00 325.00 162.50 162.50

1,270.00 300.00 150.00 150.00

1,270.00 300.00 150.00 150.00
1,270.00 300.00 150.00 150.00
1,270.00 300.00 150.00 150.00
1,270.00 300.00 150.00 150.00

1,100.00 250.00 125.00 125.00

1,100.00 250.00 125.00 125.00
880.00 200.00 100.00 100.00
880.00 200.00 100.00 100.00

825.00 187.50 93.75 93.75

880.00 200.00 100.00 100.00
20,982.60 5,937.50 2,968.75 2,968.75
 PAG-IBIG Contribution
Employee's Share Total Contribution of employee Total contribution of Employer's Withholding tax
100.00 993.80 893.80
100.00 931.30 831.30
100.00 832.50 732.50
100.00 783.70 1,206.30

100.00 734.80 1,120.20

100.00 734.80 1,120.20
100.00 734.80 1,120.20
100.00 734.80 1,120.20

100.00 686.00 984.00

100.00 686.00 984.00
100.00 686.00 984.00
100.00 686.00 984.00
100.00 686.00 984.00

100.00 588.30 861.70

100.00 588.30 861.70
100.00 490.70 689.30
100.00 490.70 689.30

100.00 466.25 646.25

100.00 490.70 689.30
1,900.00
Withholding tax Total salary
2,916.57 21,089.63
2,395.75 16,672.95
1,708.33 12,459.17
1,183.38 12,032.92

533.38 11,731.82
533.38 11,731.82
533.38 11,731.82
533.38 11,731.82

383.38 10,930.62
383.38 10,930.62
383.38 10,930.62
383.38 10,930.62
383.38 10,930.62

- 9,411.70
- 9,411.70
- 7,509.30
- 7,509.30

- 7,033.75
- 7,509.30
12,254.46 212,220.09
 F&F Types of Rooms
Double Room Suite Room Interconnecting Room Family Room
Bed 128,000.00 98,000.00 104,000.00 114,000.00
Chest Drawer 104,000.00 50,000.00 96,000.00 150,000.00
Dresser 108,800.00 88,000.00 76,000.00 150,000.00
Sofabed 137,600.00 46,400.00 84,000.00 126,000.00
Ward robe 48,000.00 16,000.00 30,400.00 45,600.00
Coat hangers 16,000.00 5,200.00 8,000.00 12,000.00
Center table 52,800.00 28,000.00 44,000.00 66,000.00
Bar counter 48,000.00
Shoe rack 28,784.00 7,196.00 14,392.00 21,588.00
Chair
table
carpet
backdrop led light
led décor
Studio Room Standard Room gym restaurant Reception hall Lobby
72,500.00 165,000.00
50,000.00 174,000.00
33,000.00 150,000.00
49,500.00 198,000.00 8,600.00 12,000.00
19,000.00 90,000.00
6,500.00 30,000.00
30,000.00 90,000.00

8,995.00 53,970.00
50,000.00 200,000.00
400,000.00 8,000.00
50,000.00
75,000.00
100,000.00
Useful Life Total Cost Depreciation
10 681,500.00 68,150.00
10 624,000.00 62,400.00
10 605,800.00 60,580.00
10 662,100.00 66,210.00
10 249,000.00 24,900.00
10 77,700.00 7,770.00
10 310,800.00 31,080.00
10 48,000.00 4,800.00
10 134,925.00 13,492.50
10 250,000.00 25,000.00
10 408,000.00 40,800.00
10 50,000.00 5,000.00
10 75,000.00 7,500.00
10 100,000.00 10,000.00
4,276,825.00 427,682.50 3,849,142.50
Equipment Types of Rooms
Double Room Suite Room Interconnecting Room Family Room
Avantec hotel IP phone 65,600.00 16,400.00 32,800.00 49,200.00
Inverter air conditioner 292,800.00 ### 146,400.00 219,600.00
Samsung HD 32"tv 200,000.00 50,000.00 100,000.00 150,000.00
Fluorescent lamp 4,480.00 1,120.00 2,240.00 3,360.00
Mini refrigerator 29,200.00 58,400.00 87,600.00
Lose Belly Fat Slimming Belt
Weight Bench Press
AB Glider Abs Generator
Lifegear Motorrized Treadmill
Curved Sit-up Bench
Mini Massager
Life Gear
Elastic Sit-up Pull Rope
Muscle Power Punching
Exercise Wheel Band
Aerobic Step
Abdominal wheel Gym Roller
Chandelier
Plate
cereal dispenser
electric grill
menu stand
gastronorm container
Chafer
Oven
oem service stainless
steel basin
service cart
gas burner w/ oven
remote call waiter system
ice bucket
cup & soucer
jug
tea pot
bowls
salt & pepper shaker
tray
shelves
wine glass
rocks or whiskey
wine
chanmpaigne flute
martini
brandy/shiffer
speakers
stereo
ipod
lights
electric candles
Sound system
Projector
Laptop
Cctv
Fire extinguisher
s
Studio Room Standard Room Gym Reception hall Restaurant Useful life Total Cost
20,500.00 123,000.00 10.00 307,500.00
91,500.00 549,000.00 42,000.00 10.00 1,487,700.00
62,500.00 375,000.00 10.00 937,500.00
1,400.00 8,400.00 1,400.00 1,400.00 1,400.00 4.00 25,200.00
36,500.00 10.00 211,700.00
5,000.00 10.00 5,000.00
4,800.00 10.00 4,800.00
2,200.00 10.00 2,200.00
24,700.00 10.00 24,700.00
2,490.00 10.00 2,490.00
5,860.00 10.00 5,860.00
16,290.00 10.00 16,290.00
1,165.00 10.00 1,165.00
6,500.00 10.00 6,500.00
460.00 10.00 460.00
1,508.00 10.00 1,508.00
3,200.00 10.00 3,200.00
30,000.00 30,000.00 4.00 60,000.00
10,000.00 4.00 10,000.00
11,600.00 10.00 11,600.00
15,000.00 10.00 15,000.00
3,000.00 10.00 3,000.00
2,900.00 10.00 2,900.00
20,000.00 10.00 20,000.00
250,000.00 10.00 250,000.00
7,300.00 10.00 7,300.00
2,000.00 10.00 2,000.00
150,000.00 10.00 150,000.00
117,000.00 10.00 117,000.00
14,700.00 10.00 14,700.00
30,000.00 10.00 30,000.00
25,000.00 4.00 25,000.00
15,000.00 4.00 15,000.00
30,000.00 4.00 30,000.00
22,500.00 4.00 22,500.00
3,000.00 4.00 3,000.00
25,000.00 10.00 25,000.00
10,950.00 10.00 10,950.00
15,000.00 10.00 15,000.00
15,000.00 10.00 15,000.00
100,000.00 10.00 100,000.00
 80,000.00 10.00 80,000.00
70,000.00 10.00 70,000.00
85,000.00 10.00 85,000.00
50,000.00 10.00 50,000.00
30,000.00 10.00 30,000.00
50,000.00 10.00 50,000.00
20,000.00 10.00 20,000.00
10.00 -
100,000.00 10.00 100,000.00
30,000.00 10.00 30,000.00
15,000.00 10.00 15,000.00
200,000.00 10.00 200,000.00
50,000.00 5.00 50,000.00
4,778,723.00
Depreciation
30,750.00
148,770.00
93,750.00
6,300.00
21,170.00
500.00
480.00
220.00
2,470.00
249.00
586.00
1,629.00
116.50
650.00
46.00
150.80
320.00
15,000.00
2,500.00
1,160.00
1,500.00
300.00
290.00
2,000.00
25,000.00
730.00
200.00
15,000.00
11,700.00
1,470.00
3,000.00
6,250.00
3,750.00
7,500.00
5,625.00
750.00
2,500.00
1,095.00
1,500.00
1,500.00
10,000.00
 8,000.00
7,000.00
8,500.00
5,000.00
3,000.00
5,000.00
2,000.00
-
10,000.00
3,000.00
1,500.00
20,000.00
10,000.00
511,477.30 4,267,245.70
 Supply Types of Rooms
Double Room Suite Room Interconnecting Room Family Room Studio Room
Pillows 48,000.00 12,000.00 24,000.00 36,000.00
Bed sheet 176,640.00 52,560.00 95,520.00 157,680.00
Pillow case 129,600.00 32,400.00 64,800.00 100,800.00
Blanket 48,000.00 96,000.00 144,000.00
Painting 12,000.00 2,680.00 6,000.00 5,520.00
Hotel Slippers 47,520.00 11,880.00 23,760.00 35,640.00
Comforter 144,000.00
Curtains 57,600.00 14,400.00 28,800.00 43,200.00
towels 76,800.00 19,200.00 38,400.00 57,600.00
toilet brush 3,200.00 800.00 1,600.00 2,400.00
toilet paper holder 10,560.00 2,640.00 5,280.00 7,920.00
circular lamp 1,760.00 440.00 880.00 1,320.00
bidet 43,200.00 1,800.00 3,600.00 5,400.00
shower curtains 62,400.00 15,600.00 31,200.00 46,800.00
Wedding décor
Birthday décor
kitchen utensils
Studio Room Standard Room Reception Restaurant Useful life Total Cost
15,000.00 90,000.00 10.00 225,000.00
59,700.00 322,200.00 10.00 864,300.00
40,500.00 225,000.00 10.00 593,100.00
60,000.00 10.00 348,000.00
4,000.00 12,000.00 10.00 42,200.00
14,850.00 89,100.00 10.00 222,750.00
225,000.00 10.00 369,000.00
18,000.00 108,000.00 10.00 270,000.00
24,000.00 144,000.00 10.00 360,000.00
1,000.00 6,000.00 10.00 15,000.00
3,300.00 19,800.00 10.00 49,500.00
550.00 3,300.00 10.00 8,250.00
2,250.00 13,500.00 10.00 69,750.00
19,500.00 117,000.00 10.00 292,500.00
100,000.00 10.00 100,000.00
50,000.00 10.00 50,000.00
200,000.00 10.00 200,000.00
###
Depreciation
22,500.00
86,430.00
59,310.00
34,800.00
4,220.00
22,275.00
36,900.00
27,000.00
36,000.00
1,500.00
4,950.00
825.00
6,975.00
29,250.00
10,000.00
5,000.00
20,000.00
407,935.00 3,671,415.00
Cash 2015 Cash
Debit Credit
Beg 45,000,000.00 Beg
Equipment 4,778,723.00 legal cost
Supply 4,079,350.00 Income tax payable
Furniture & Fixture 4,276,825.00 Rent income
legal cost 50,000.00 Service Income
Advertising 1,000,000.00 Loan Payable
Rent income 7,400,000.00 Utilities expense
Service Income 7,660,011.12 Inventory
Utilities expense 3,900,000.00 SSS
Inventory 2,950,000.00 Phil-Health
SSS 251,791.20 Pag-ibig
Phil-Health 71,250.00 Withholding Tax
Pag-ibig 22,800.00 Wages Expense
Withholding Tax 147,053.54
Wages Expense 2,546,641.06
60,060,011.12 24,074,433.80
35,985,577.32

###
 2016
Debit Credit
35,985,577.32
50,000.00
1,614,142.60
7,900,000.00
7,868,346.26
10,000,000.00
4,000,000.00
3,270,000.00
272,773.80
77,187.50
24,700.00
159,308.01
2,758,861.14
61,753,923.58 12,226,973.05
49,526,950.53
 LoveU Hotel LoveU Hotel
Cash Receipts Cash Receipts
Year 2015 Year 2016
Gross Net Of Gross
DATE Amount Vat Vat DATE Amount
Feb 631,322.84 67,641.73 563,681.11 Jan 845,216.10
Mar 678,870.30 72,736.10 606,134.20 Feb 997,657.64
Apr 727,654.44 77,962.98 649,691.46 Mar 474,304.43
May 655,352.17 70,216.30 585,135.87 Apr 612,065.94
Jun 482,893.71 51,738.61 431,155.10 May 889,540.85
Jul 451,884.89 48,416.24 403,468.65 Jun 610,788.28
Aug 632,658.91 67,784.88 564,874.03 Jul 612,133.39
Sep 837,899.76 89,774.97 748,124.79 Aug 858,780.94
Oct 862,532.76 92,414.22 770,118.54 Sep 757,982.18
Nov 892,040.55 95,575.77 796,464.78 Oct 648,567.86
Dec 806,900.76 86,453.65 720,447.11 Nov 678,870.30
7,660,011.12 820,715.48 6,839,295.64 Dec 727,654.44
###
LoveU Hotel
Cash Receipts
Year 2016
Net Of
Vat Vat
90,558.87 754,657.23
106,891.89 890,765.75
50,818.33 423,486.10
65,578.49 546,487.45
95,307.95 794,232.90
65,441.60 545,346.68
65,585.72 546,547.67
92,012.24 766,768.70
81,212.38 676,769.80
69,489.41 579,078.45
72,736.10 606,134.20
77,962.98 649,691.46
843,037.10 ###
 Inventory
2015
Beg. Purchase Use End
Jan - 400,000.00 350,000.00 50,000.00
Feb 50,000.00 200,000.00 150,000.00 100,000.00
Mar 100,000.00 250,000.00 200,000.00 150,000.00
Apr 150,000.00 250,000.00 150,000.00 250,000.00
May 250,000.00 400,000.00 200,000.00 450,000.00
Jun 450,000.00 200,000.00 135,000.00 515,000.00
Jul 515,000.00 200,000.00 320,000.00 395,000.00
Aug 395,000.00 200,000.00 450,000.00 145,000.00
Sep 145,000.00 200,000.00 200,000.00 145,000.00
Oct 145,000.00 200,000.00 300,000.00 45,000.00
Nov 45,000.00 200,000.00 100,000.00 145,000.00
Dec 145,000.00 250,000.00 135,000.00 260,000.00
2,950,000.00 2,690,000.00 260,000.00

2015
Beg. Purchase Use End
Jan 260,000.00 300,000.00 350,000.00 210,000.00
Feb 210,000.00 350,000.00 150,000.00 410,000.00
Mar 410,000.00 300,000.00 200,000.00 510,000.00
Apr 510,000.00 300,000.00 150,000.00 660,000.00
May 660,000.00 350,000.00 200,000.00 810,000.00
Jun 810,000.00 250,000.00 135,000.00 925,000.00
Jul 925,000.00 245,000.00 320,000.00 850,000.00
Aug 850,000.00 200,000.00 450,000.00 600,000.00
Sep 600,000.00 300,000.00 200,000.00 700,000.00
Oct 700,000.00 225,000.00 300,000.00 625,000.00
Nov 625,000.00 200,000.00 100,000.00 725,000.00
Dec 725,000.00 250,000.00 135,000.00 840,000.00
3,270,000.00 2,690,000.00 840,000.00
 Note
Account Recievable
Recievable
Debit Credit Debit Credit

Rent Income 500,000.00

Rent Income 500,000.00

service income 150,000.00

service income 150,000.00
service income 150,000.00 Rent Income 500,000.00
service income 600,000.00
service income 500,000.00 1,050,000.00

1,550,000.00 1,050,000.00 1,000,000.00 500,000.00

500,000.00 500,000.00
 Account Payable
debit credit
F&F 500,000.00
 Rent Income
2015 2016
Debit Credit Debit Credit

jan 1,000,000.00 1,000,000.00

feb 1,000,000.00 1,000,000.00
mar 300,000.00 300,000.00
apr 900,000.00 900,000.00
may 800,000.00 800,000.00
jun 700,000.00 900,000.00
jul 400,000.00 700,000.00
aug 400,000.00 400,000.00
sep 500,000.00 500,000.00
oct 500,000.00 400,000.00
nov 1,000,000.00 1,000,000.00
dec 400,000.00
- 7,900,000.00 - 7,900,000.00
7,900,000.00 7,900,000.00