FIVE-YEAR FINANCIAL PROJECTION

Pineapple Square House

Projected Statement of Comprehensive Income
For the years ended December 31, 2017-2021

2017 2018 2019 2020 2021

Net Service Revenue 24,992,280.00 26,241,894.00 27,553,988.70 28,931,688.14 30,378,272.54
Cost of Ingredients 9,864,022.68 10,643,712.21 11,175,897.82 11,734,692.71 12,321,427.34
Gross Income 15,128,257.32 15,598,181.79 16,378,090.88 17,196,995.43 18,056,845.20

Expenses:
Salaries and Wages 2,158,000.00 2,158,000.00 2,158,000.00 2,158,000.00 2,158,000.00
SSS, PHILHEALTH, HDMF 185,407.20 185,407.20 185,407.20 185,407.20 185,407.20
Utilities Expense 632,400.00 655,798.80 680,063.36 705,225.70 731,319.05
Advertising and Marketing Expenses 120,000.00 120,000.00 120,000.00 120,000.00 120,000.00
Rent Expense 1,620,000.00 1,701,000.00 1,786,050.00 1,875,352.50 1,969,120.13
Supplies Expense 180,000.00 186,660.00 193,566.42 200,728.38 208,155.33
Depreciation Expense 65,091.06 65,091.06 65,091.06 65,091.06 65,091.06
Miscellaneous Expense 365,000.00 378,505.00 392,509.69 407,032.54 422,092.75
Total Expenses 5,325,898.26 5,450,462.06 5,580,687.72 5,716,837.38 5,859,185.51
Net Income before Income Tax 9,802,359.06 10,147,719.73 10,797,403.16 11,480,158.05 12,197,659.69
Income Tax Expense 2,940,707.72 3,044,315.92 3,239,220.95 3,444,047.41 3,659,297.91
Net Income after tax 6,861,651.34 7,103,403.81 7,558,182.21 8,036,110.63 8,538,361.78
 Pineapple Square House
Projected Statement of Financial Position
As of the Year ended December 31, 2017 - 2021

2017 2018 2019 2020 2021

Assets
Current Assets
Cash 3,551,048.16 3,831,736.39 4,023,323.21 4,224,489.37 4,435,713.84
Inventory 2,128,742.44 2,235,179.56 2,346,938.54 2,464,285.47 2,587,499.74
Supplies 93,330.00 96,783.21 100,364.19 104,077.66 107,928.54
Total Current Assets 5,773,120.61 6,163,699.17 6,470,625.94 6,792,852.51 7,131,142.12

Noncurrent Assets
Furniture, Tools and Equipment 325,458.00 325,458.00 325,458.00 325,458.00 1,325,458.00
Accumulated Depreciation (65,091.10) (130,182.16) (195,273.22) (260,364.28) (325,458.00)
Total Noncurrent Assets 260,366.90 195,275.84 130,184.78 65,093.72 1,000,000.00
Total Assets 6,033,487.51 6,358,975.01 6,600,810.73 6,857,946.23 8,131,142.12

Liabilities
Current Liaiblities
Accounts Payable 887,762.04 957,934.10 1,005,830.80 1,056,122.34 1,108,928.46
Income Taxes Payable 2,940,707.72 3,044,315.92 3,239,220.95 3,444,047.41 3,659,297.91
Total Current Liabilities 3,828,469.76 4,002,250.02 4,245,051.75 4,500,169.76 4,768,226.37

Noncurrent Liabilities
Loans Payable 0.00 0.00 0.00 0.00 1,000,000.00
Total Noncurrent Liabilities 0.00 0.00 0.00 0.00 1,000,000.00

Total Liabilities 3,828,469.76 4,002,250.02 4,245,051.75 4,500,169.76 5,768,226.37

Partner's Equity
Pordaliza, Capital 300,000.00 300,000.00 300,000.00 300,000.00 300,000.00
Pordaliza, Drawings 141,003.55 171,345.00 171,151.80 171,555.29 172,583.15
Reyes, Capital 300,000.00 300,000.00 300,000.00 300,000.00 300,000.00
Reyes, Drawings 141,003.55 171,345.00 171,151.80 171,555.29 172,583.15
Usman, Capital 300,000.00 300,000.00 300,000.00 300,000.00 300,000.00
Usman, Drawings 141,003.55 171,345.00 171,151.80 171,555.29 172,583.15
Garzon, Capital 300,000.00 300,000.00 300,000.00 300,000.00 300,000.00
Garzon, Drawings 141,003.55 171,345.00 171,151.80 171,555.29 172,583.15
Pagayonan, Capital 300,000.00 300,000.00 300,000.00 300,000.00 300,000.00
Pagayonan, Drawings 141,003.55 171,345.00 171,151.80 171,555.29 172,583.15
Total Partner's Equity 2,205,017.75 2,356,724.99 2,355,758.98 2,357,776.47 2,362,915.76

Total Liabilities and Equity 6,033,487.51 6,358,975.01 6,600,810.73 6,857,946.23 8,131,142.12

 Pineapple Square House
Projected Statement of Cash Flow
For the years ended December 31, 2017-2021

2017 2018 2019 2020 2021

Cash Flow from Operating Activities
Revenue 24,992,280.00 26,241,894.00 27,553,988.70 28,931,688.14 30,378,272.54
Payment for Ingredients (11,105,003.08) (11,920,957.67) (12,517,005.55) (13,142,855.83) (13,799,998.62)
Payment for Expenses (5,325,898.26) (5,450,462.06) (5,580,687.72) (5,716,837.38) (5,859,185.51)
Payment for Taxes (2,940,707.72) (3,044,315.92) (3,239,220.95) (3,444,047.41) (3,659,297.91)
Net Operating Inflow (Outflow) 5,620,670.94 5,826,158.35 6,217,074.48 6,627,947.51 7,059,790.50

Cash Flow from Investing Activities

Acquisition of Furniture, Tools and
Equipment (325,458.00) 0.00 0.00 0.00 (1,000,000.00)
Net Investing Inflow (Outflow) (325,458.00) 0.00 0.00 0.00 (1,000,000.00)

Cash Flow from Financing Activities

Capital Contribution 1,500,000.00 0.00 0.00 0.00 0.00
Withdrawals (3,244,164.78) (5,545,470.12) (6,025,487.66) (6,426,781.35) (6,848,566.03)
Loans 1,000,000.00
Net Financing Inflow (Outflow) (1,744,164.78) (5,545,470.12) (6,025,487.66) (6,426,781.35) (5,848,566.03)
Net Cash Inflow (Outflow) 3,551,048.16 280,688.23 191,586.82 201,166.16 211,224.47