King's Cross Prime Holdings Pre-Operating Cash Flow Statement

Cash Flow from Operating Activities

Cash paid for advertising 18,200.00
Cash paid for taxes and licenses 915,590.00
Cash paid for office supplies 26,178.00
Cash paid for janitorial expense 18,266.00
Cash paid for installation expense 1,500.00
Cash paid for uniforms 22,500.00
Net cash used in Operating Activities 1,002,234.00

Cash Flow from Investing Activities

Puchase of Machinery and Equipment 3,179,291.50

Purchase of Furniture and Fixtures 525,821.00
Purchase of Land 30,000,000.00
Purchase of Building 99,450,000.00
Acquisition of Accounting Software 175,000.00
Net Cash used in Investing Activities 133,330,112.50

Cash Flow from Financing Activities

Cash received from shareholders 165,000,000.00

Net cash received for Investing Activities 165,000,000.00

Net Cash Movements 30,667,653.50

Add: Cash - January 1 -
Cash for Operations 30,667,653.50

132,804,291.50
 King's Cross Prime Holdings Pre-Operating Cash Flow Statement

Initial Project Cost

Land 30,000,000.00
Building 99,450,000.00
Machinery and Equipment 3,179,291.50
Furnitures and Fixtures 525,821.00
Accounting Software 175,000.00
Advertising Expense 18,200.00 134,332,346.50
Taxes and Licenses 915,590.00
Office Supplies 26,178.00
Janitorial Expense 18,266.00
Internet, cable, and landline 1,500.00
Uniforms 22,500.00
Cash for Operations 30,677,549.50
165,000,000.00

103,145,216.50
SHAREHOLDER'S EQUITY
Pre
Common Preferred
Total Subscribed 154,000,000.00 66,000,000.00 Pre
Paid-SC 115,500,000.00 49,500,000.00 2019
Subscribed Share Capital 38,500,000.00 16,500,000.00 55,000,000.00 2020
2021
2019 2022
Common Preferred 2023
Balance Subscribed 38,500,000.00 16,500,000.00
Additional Subscription 3,000,000.00 1,800,000.00
Total Subscribed 41,500,000.00 18,300,000.00
Paid-SC 6,225,000.00 2,745,000.00
Subscribed Share Capital 35,275,000.00 15,555,000.00 50,830,000.00

2020
Common Preferred
Balance Subscribed 35,275,000.00 16,500,000.00
Additional Subscription 4,500,000.00 2,700,000.00
Total Subscribed 39,775,000.00 19,200,000.00
Paid-SC 5,966,250.00 2,880,000.00
Subscribed Share Capital 33,808,750.00 16,320,000.00 50,128,750.00

2021
Common Preferred
Balance Subscribed 33,808,750.00 16,320,000.00
Additional Subscription 6,750,000.00 4,050,000.00
Total Subscribed 40,558,750.00 20,370,000.00
Paid-SC 6,083,812.50 3,055,500.00
Subscribed Share Capital 34,474,937.50 17,314,500.00 51,789,437.50

2022
Common Preferred
Balance Subscribed 34,474,937.50 17,314,500.00
Additional Subscription 10,125,000.00 6,075,000.00
Total Subscribed 44,599,937.50 23,389,500.00
Paid-SC 6,689,990.63 3,508,425.00
Subscribed Share Capital 37,909,946.88 19,881,075.00 57,791,021.88

2023
Common Preferred
Balance Subscribed 37,909,946.88 19,881,075.00
Additional Subscription 15,187,500.00 9,112,500.00
Total Subscribed 53,097,446.88 28,993,575.00
Paid-SC 7,964,617.03 4,349,036.25
Subscribed Share Capital 45,132,829.84 24,644,538.75 69,777,368.59
 SC
Common Preferred
115,500,000.00 49,500,000.00 165,000,000.00
121,725,000.00 52,245,000.00 173,970,000.00 8,970,000.00
127,691,250.00 55,125,000.00
133,775,062.50 58,180,500.00
140,465,053.13 61,688,925.00
148,429,670.16 66,037,961.25
Prepaid Expenses Beginning Purchases Total Used Ending
Advertising Expense 18200 36500 54700 54700 0
Taxes and Licenses 915590 0 915590 915590 0
Office Supplies 26178 45,662.00 71840 53880 17960
Janitorial Expense 18266 132,866.00 151132 113349 37783
Internet, cable, and landline 1,500 58800 60300 60300 0
Uniforms 22500 0 22500 22500 0
95300 55743
Retained Earnings

2019 2019 2020 2021 2022

Retained Earnings, Beginning - 3,756,850.74 8,138,033.08 11,385,118.74
Add: Net Income 4,696,063.42 6,415,690.62 8,126,422.27 10,293,527.66
Total 4,696,063.42 10,172,541.35 16,264,455.35 21,678,646.40
Less: Cash Dividends 939,212.68 2,034,508.27 4,879,336.60 6,503,593.92
Retained Earnings, Ending 3,756,850.74 8,138,033.08 11,385,118.74 15,175,052.48

Note: Accounts Receivable

2019 2020
Rental Income 18,432,000.00 19,692,000.00
Multiply by: 5% 0.05 0.05
Accounts Receivable, End 921,600.00 984,600.00

Allowance for Doubtful Accounts 2019 2020

Beginning Balance - 27,648.00
Add: Doubtful Accounts 27,648.00 29,538.00
Required Allowance 27,648.00 57,186.00

2019 2020
Accounts Receivable, End 921,600.00 984,600.00
Less: Allowance for Doubtful Accounts, End 27,648.00 57,186.00
Net Realizable Value 893,952.00 927,414.00
 2023
15,175,052.48
13,456,679.42
28,631,731.91
8,589,519.57
20,042,212.33

2021 2022 2023

23,034,960.00 26,447,190.00 31,312,099.08
0.05 0.05 0.05
1,151,748.00 1,322,359.50 1,565,604.95

2021 2022 2023

57,186.00 91,738.44 131,409.23
34,552.44 39,670.79 46,968.15
91,738.44 131,409.23 178,377.37

2021 2022 2023

1,151,748.00 1,322,359.50 1,565,604.95
91,738.44 131,409.23 178,377.37
1,060,009.56 1,190,950.28 1,387,227.58
Pre-operating Balance Sheet
ASSETS
Current Assets
Cash and Cash Equivalents 30,677,549.50
Subscription Receivable 55,000,000.00
Prepaid Expense 1,002,234.00

Total Current Assets 86,679,783.50

Non-Current Assets
Land 150,000,000.00
Property, Plant and Equipment 103,145,216.50 2,828,258.49
Accounting Software 175,000.00 8,750.00
Total Non-Current Assets 253,320,216.50

TOTAL ASSETS 340,000,000.00

LIABILITIES AND
SHAREHOLDERS' EQUITY
Current Liabilities

Total Current Liabilities

Non-Current Liabilities
Loan Payable 120,000,000.00

Total Non-Current Liabilities 120,000,000.00

TOTAL LIABILITIES 120,000,000.00

Shareholders' Equity
Common Share Capital 115,500,000.00 132,825,000.00
Preferred Share Capital 49,500,000.00 56,925,000.00
Subscribed Share Capital 55,000,000.00 63,250,000.00

Total Shareholders' Equity 220,000,000.00

TOTAL LIABILITIES AND

SHAREHOLDERS' EQUITY 340,000,000.00
 ASSETS
Current Assets 2019 2020 2021 2022
Cash and Cash Equivalents 40,580,369.68 46561065.785804 59538581.07342 75161498.116691
Accounts Receivable 893,952.00 927,414.00 1,060,009.56 1,190,950.28
Subscription Receivable 50,830,000.00 50,128,750.00 51,789,437.50 57,791,021.88
Prepaid Expenses 55,743.00 60,919.92 75,268.65 94,324.45

Total Current Assets 92,360,064.68 97,678,149.71 112,463,296.79 134,237,794.71

Non-Current Assets
Land 150,000,000.00 150,000,000.00 150,000,000.00 150,000,000.00
Property, Plant and Equipment 100,316,958.01 97,488,699.52 94,660,441.03 91,832,182.54
Accounting Software 166,250.00 159,250.00 152,250.00 145,250.00
Total Non-Current Assets 250,483,208.01 247,647,949.52 244,812,691.03 241,977,432.54

TOTAL ASSETS 342,843,272.69 345,326,099.22 357,275,987.82 376,215,227.25

LIABILITIES AND
SHAREHOLDERS' EQUITY
Current Liabilities
Income Tax Payable 2,012,598.61 2138563.5384518 3482752.4002484 4411511.853644
Utilities Payable 143,670.34 151,025.65 158,851.69 167,178.60
Salaries Payable 130,153.00 130476.95808 138827.48339712 147,712.44

Total Current Liabilities 2,286,421.95 2,420,066.14 3,780,431.57 4,726,402.89

Non-Current Liabilities
Loan Payable 112,000,000.00 104,000,000.00 96,000,000.00 88,000,000.00

Total Non-Current Liabilities 112,000,000.00 104,000,000.00 96,000,000.00 88,000,000.00

TOTAL LIABILITIES 114,286,421.95 106,420,066.14 99,780,431.57 92,726,402.89

Shareholders' Equity
Common Share Capital 121,725,000.00 127,691,250.00 133,775,062.50 140,465,053.13
Preferred Share Capital 52,245,000.00 52,245,000.00 58,180,500.00 61,688,925.00
Subscribed Share Capital 50,830,000.00 50,128,750.00 51,789,437.50 57,791,021.88
Retained Earnings 3,756,850.74 5,132,552.49 6,501,137.81 8,234,822.13

Total Shareholders' Equity 228,556,850.74 235,197,552.49 250,246,137.81 268,179,822.13

TOTAL LIABILITIES AND

SHAREHOLDERS' EQUITY 342,843,272.69 341,617,618.64 350,026,569.38 360,906,225.02
- 3,708,480.59 7,249,418.43 15,309,002.23
 2023
100319040.0555
1,387,227.58
69,777,368.59
118,623.44

171,602,259.67

150,000,000.00
89,003,924.05
138,250.00
239,142,174.05

410,744,433.72

5767148.324552
176,038.43
157,166.04

6,100,352.79

80,000,000.00

80,000,000.00

86,100,352.79

148,429,670.16
66,037,961.25
69,777,368.59
10,765,343.54

295,010,343.54

381,110,696.33
29,633,737.39
 2,019.00 2,020.00 2,021.00
Net Income 4,696,063.42 6,415,690.62 8,126,422.27
Depreciation 2,828,258.49 2,828,258.49 2,828,258.49
Amortization 8,750.00 8,750.00 8,750.00
Increase/Decrease Accounts Receivable (893,952.00) (33,462.00) (132,595.56)
Increase/Decrease Subsciption Receivable 4,170,000.00 701,250.00 1,660,687.50
Increase/Decrease Prepaid Expenses 946,491.00 (5,176.92) (14,348.73)
Increase/Decrease in Income Tax Payable 2,012,598.61 125,964.93 1,344,188.86
Increase/Decrease in Utilities Payable 143,670.34 7,355.30 7,826.04
Increase/Decrease in Salaries Payable 130,153.00 323.96 8,350.53
Increase/Decrease in Loan Payable (8,000,000.00) (8,000,000.00) (8,000,000.00)
Increase/Decrease in Share Capital 4,800,000.00 5,966,250.00 12,019,312.50
Payment of Dividends (939,212.68) (2,034,508.27) (4,879,336.60)

Net Cash Flow 9,902,820.18 5,980,696.11 12,977,515.29

Cash, January 1 30,677,549.50 40,580,369.68 46,561,065.79

Cash, December 31 40,580,369.68 46,561,065.79 59,538,581.07

 2,022.00 2,023.00
10,293,527.66 13,456,679.42
2,828,258.49 2,828,258.49
8,750.00 8,750.00
(130,940.72) (196,277.31)
6,001,584.38 11,986,346.72
(19,055.79) (24,299.00)
928,759.45 1,355,636.47
8,326.91 8,859.83
8,884.96 9,453.60
(8,000,000.00) (8,000,000.00)
10,198,415.63 12,313,653.28
(6,503,593.92) (8,589,519.57)

15,622,917.04 25,157,541.94

59,538,581.07 75,161,498.12

75,161,498.12 100,319,040.06
 King's Cross Prime HoldingsProjected Statement of Comprehensive IncomeFor the Year Ended December 31

see 2019 2020 2021 2022 2023

Rental Income ..\CHAPTER3\Projected18,432,000.00
Rent Income.xlsx 19,692,000.00 23,034,960.00 26,447,190.00 31,312,099.08
Other Income Note 8 2,262,000.00 2,575,800.00 2,899,080.00 3,232,788.00 3,577,966.80
Total Operating Income 20,694,000.00 22,267,800.00 25,934,040.00 29,679,978.00 34,890,065.88

Less: Operating Expenses:

Office Supplies Expense Note 3 53,880.00 54,957.60 56,056.75 57,177.89 58,321.44
Janitorial Supplies Expense Note 4 118,300.00 120,666.00 123,079.32 125,540.91 128,051.72
Depreciation Expense Dep. Sched. 2,828,258.49 2,828,258.49 2,828,258.49 2,828,258.49 2,828,258.49
Amortization Expense 8,750.00 8,750.00 8,750.00 8,750.00 8,750.00
Salaries Expense Comp. Matrix 6,131,436.00 6,523,847.90 6,941,374.17 7,385,622.12 7,858,301.93
13th month pay Comp. Matrix 510,953.00 543,653.99 578,447.85 615,468.51 654,858.49
Uniform Expense Comp. Matrix 22,500.00 22,950.00 23,409.00 23,877.18 24,354.72
Employer's Share (SS, PhilHealth, EC) Comp. Matrix 485,637.00 516,717.77 549,787.71 584,974.12 622,412.46
Utilities Expense Note 10 1,725,544.13 1,835,978.95 1,953,481.61 2,078,504.43 2,211,528.71
Advertising Expense Note 11 54,700.00 19,700.00 20,094.00 20,495.88 20,905.80
Repairs and Maintenance Expenses Note 12 94,789.35 96,685.14 98,618.84 100,591.22 102,603.04
Taxes, Fees, and Licenses Note 13 915,590.00 106,380.00 108,507.60 110,677.75 112,891.31
Interest Expense-Land Land inst sched 960,000.00 960,000.00 960,000.00 960,000.00 960,000.00
Insurance Expense 75,000.00 75,000.00 75,000.00 75,000.00 75,000.00

Total Operating Expenses 13,985,337.97 13,713,545.85 14,324,865.33 14,974,938.49 15,666,238.13

Net Income Before Tax 6,708,662.03 8,554,254.15 11,609,174.67 14,705,039.51 19,223,827.75

Less: Income Tax - 30% 2,012,598.61 2,138,563.54 3,482,752.40 4,411,511.85 5,767,148.32
Net Income (Loss) 4,696,063.42 6,415,690.62 8,126,422.27 10,293,527.66 13,456,679.42
King's Cross Prime HoldingsProjected Statement of Comprehensive IncomeFor the Year Ended December 31
King's Cross Prime HoldingsProjected Statement of Comprehensive IncomeFor the Year Ended December 31

245
Parking fees will generate an increase of 10%per annum
Revenue from massage chairs is to be increased at a rate of 17% or 5 persons per chair annually
Revenue from vending machines is to be increased at rate of 25% or 10 persons per machine annually
Salaries Expense, 13th month pay, Employer's Share and utilities expense are to be increased by 6.4% per annum
Office supplies are assumed to be 75% used each year
Office Supplies are assumed to be 75% used each year
Janitorial Supplies are assumed to be 75% used each year
The proponents have applied a 2% uniform annual increase on the rest of the operating expenses
Note 8 - Other Income
2019 2020 2021
Parking Fees 876,000.00 963,600.00 1,059,960.00
Massage Chair 1,314,000.00 1,533,000.00 1,752,000.00
Coffee Vending Machine 72,000.00 79,200.00 87,120.00
Totals 2,262,000.00 2,575,800.00 2,899,080.00

Note 8.1 Interest Income 2019 2020 2021

Interest Income 103631.782488743 145587.003072981 169506.794810205
Less: 20% Final tax 20,726.36 29,117.40 33,901.36
Net Interest Income 82,905.43 116,469.60 135,605.44

Note 9: Uniform Expense

Poloshirts 15,300.00
Shirts 7,200.00
Total 22,500.00

Note 10: Utilities Expense

Electricity Expense 1,279,119.13
Water Expense 100,000.00
Installation Expense 1,500.00
Internet Subscription Expense 48,000.00
Cable Subscription Expense 10,800.00
Waste Disposal Expense 286,125.00
Total 1,725,544.13

Note 11: Advertising Expense

Tarpaulin 16,000.00
Flyers 2,200.00
Stickers 1,500.00
Website Developer 35,000.00
Total 54,700.00

Note 12: Repairs and Maintenance

Maintenance-Building 54,795.00
Machinery and Equipment 34544.35
Software 5450
Total 94,789.35

Note 13: Taxes and Licenses 2019 2020

SEC Registation 809,010.00
Building Permit 92,000.00 106,380.00
Mayor's Permit 2,000.00
Sanitary Permit 1,000.00
Health Permit 8,400.00
Inspection Fee 150.00
Environmental fee 2,000.00
Business Plate 200.00
Mayor's Clearnce 50.00
BIR Annual Registration Fee 500.00
BIR Certification Fee 250.00
BIR Documentary Fee 30.00
Total 915,590.00
 2022 2023
1,165,956.00 1,282,551.60
1,971,000.00 2,190,000.00
95,832.00 105,415.20
3,232,788.00 3,577,966.80

2022 2023
192627.313724849 251887.172644816
38,525.46 50,377.43
154,101.85 201,509.74

206875
Note 3: Utilities Expense 2019 2020 2021 2022
Electricity Expense 1,279,119.13 1.064 1,360,982.75 1,448,085.65 1,540,763.13
Water Expense 100,000.00 1.064 106,400.00 113,209.60 120,455.01
Internet Subscription Expense 48,000.00 48,000 48,000 48,000
Cable Subscription Expense 10,800.00 10,800.00 10,800.00 10,800.00
Waste Disposal Expense 286,125.00 286,125.00 286,125.00 286,125.00
Total 1,724,044.13 1,812,307.75 1,906,220.25 2,006,143.15

2019 Utilities Payable 2019

1,279,119.13 12 106593.26
100,000.00 12 8333.33
48,000.00 12 4000.00
10,800.00 12 900.00
286,125.00 PAYABLE PAID 12 23843.75
1,724,044.13 12 143,670.34 1,580,373.79 143670.34

2020 2022
1,360,982.75 1,540,763.13
106,400.00 120,455.01
48,000.00 48,000.00
10,800.00 10,800.00
286,125.00 PAYABLE PAID 286,125.00
1,812,307.75 12 151,025.65 1,661,282.11 2,006,143.15

2021 2023
1,448,085.65 1,639,371.97
113,209.60 128,164.14
48,000.00 48,000.00
10,800.00 10,800.00
286,125.00 PAYABLE PAID 286,125.00
1,906,220.25 12 158,851.69 1,747,368.56 2,112,461.11
 2023
1,639,371.97
128,164.14
48,000
10,800.00
286,125.00
2,112,461.11

2020 2021 2022 2023

113415.23 120,673.80 128,396.93 136,614.33
8866.67 9,434.13 10,037.92 10,680.34
4000.00 4,000.00 4,000.00 4,000.00
900.00 900.00 900.00 900.00
23843.75 23,843.75 23,843.75 23,843.75
151025.65 158,851.69 167,178.60 176,038.43

PAYABLE PAID
12 167,178.60 1,838,964.55

PAYABLE PAID
12 176,038.43 1,936,422.68
Note 1 : Cash and Cash Equivalents
2019 2020 2021
Cash on Hand 1,500,000.00 1,800,000.00 2,100,000.00
Cash in Bank 41,954,271.68 59,301,601.13 71,139,203.36
Total 43,454,271.68 61,101,601.13 73,239,203.36

Note 2: Accounts Receivable

2019 2020 2021
Rental Income 18,432,000.00 19,692,000.00 23,034,960.00
Multiply by: 5% 0.05 0.05 0.05
Accounts Receivable, End 921,600.00 984,600.00 1,151,748.00

Allowance for Doubtful Accounts 2019 2020 2021

Beginning Balance - 27,648.00 57,186.00
Add: Doubtful Accounts 27,648.00 29,538.00 34,552.44
Required Allowance 27,648.00 57,186.00 91,738.44

2019 2020 2021

Accounts
Less: Receivable,
Allowance End
for Doubtful Accounts, 921,600.00 984,600.00 1,151,748.00
End 27,648.00 57,186.00 91,738.44
Net Realizable Value 893,952.00 927,414.00 1,060,009.56

Note 3: Office Supplies

2019 2020 2021
Office Supplies, Beginning 26,178.00 17,960.00 13,230.60
Add: Office Supplies Purchases 45,662.00 50,228.20 55,251.02
Total Office Supplies 71,840.00 68,188.20 68,481.62
Less: Office Supplies Expense 53,880.00 54,957.60 56,056.75
Office Supplies, Ending 17,960.00 13,230.60 12,424.87

Note 4: Janitorial Supplies

2019 2020 2021
Janitorial Supplies, Beginning 18,266.00 32,832.00 47,689.32
Add: Janitorial Supplies Purchases 132,866.00 135,523.32 138,233.79
Total Janitorial Supplies 151,132.00 168,355.32 185,923.11
Less: Janitorial Supplies Expense 118,300.00 120,666.00 123,079.32
Janitorial Supplies, Ending 32,832.00 47,689.32 62,843.79

Note 5: Property, Plant and Equipment

2019 2020 2021
Building 96,963,750.00 94,477,500.00 91,991,250.00
Machinery and Equipment 2,897,275.19 2,614,958.88 2,332,642.58
Furniture and Fixtures 455,932.82 396,240.63 336,548.45
Total 100,316,958.01 97,488,699.52 94,660,441.03

Note 6: Accounting Software

2019 2020 2021
Opening Book Value 175,000.00 166,250.00 159,250.00
Less: Amortization 8,750.00 7,000.00 7,000.00
Closing Book Value 166,250.00 159,250.00 152,250.00

Note 7: Utilities Payable

2019 2020 2021
Electricity Expense 106593.26 113415.2295267 120673.8042164
Water Expense 8333.33 8,866.67 9,434.13
Internet Subscription Expense 4000.00 4,000.00 4,000.00
Cable Subscription Expense 900.00 900.00 900.00
Waste Disposal Expense 23843.75 23,843.75 23,843.75
Total 143,670.34 151,025.65 158,851.69
 2022 2023
2,400,000.00 2,700,000.00
83,635,655.70 110,357,782.90
86,035,655.70 113,057,782.90

2022 2023
26,447,190.00 31,312,099.08
0.05 0.05
1,322,359.50 1,565,604.95

2022 2023
91,738.44 131,409.23
39,670.79 46,968.15
131,409.23 178,377.37

2022 2023
1,322,359.50 1,565,604.95
131,409.23 178,377.37
1,190,950.28 1,387,227.58

2022 2023
12,424.87 16,023.10
60,776.12 66,853.73
73,200.99 82,876.84
57,177.89 58,321.44
16,023.10 24,555.39

2022 2023
62,843.79 78,301.34
140,998.46 143,818.43
203,842.25 222,119.77
125,540.91 128,051.72
78,301.34 94,068.05

2022 2023
89,505,000.00 87,018,750.00
2,050,326.27 1,768,009.96
276,856.27 217,164.09
 91,832,182.54 89,003,924.05

2022 2023
152,250.00 145,250.00
7,000.00 7,000.00
145,250.00 138,250.00

2022 2023
128396.9276862 136614.33105814
10,037.92 10,680.34
4,000.00 4,000.00
900.00 900.00
23,843.75 23,843.75
167,178.60 176,038.43
2019
Asset Opening Book Value Useful Life Depreciation

Building 99,450,000 40 2,486,250.00

Wheelchair
31,200.00 6 5,200.00

CCTV System
62,220.00 10 6,222.00

Emergency Light
44,992.50 10 4,499.25

Airconditioner (Floor
Mounted) 1,031,250.00 10 103,125.00

LED Smart TV
44,950.00 10 4,495.00

Fire Extinguisher
35,175.00 5 7,035.00

Generator
147,000.00 15 9,800.00

Massage Chair
1,128,000.00 15 75,200.00

Vendo Machine
76,680.00 10 7,668.00

Desktop computer
505,000.00 10 50,500.00

Printer with photocopier

26,685.00 8 3,335.63

Cash Vault
14,099.00 15 939.93

Landline Telephone
17,740.00 10 1,774.00

Water Dispenser
9,300.00 5 1,860.00

Biometric Time Attendance

5,300.00 8 662.50

Office Table
25,650.00 10 2,565.00

Conference Table
25,700.00 10 2,570.00

Office Chair (A)

19,990.00 8 2,498.75
Office Chair (B)
6,990.00 8 873.75

Shelf
14,500.00 9 1,611.11

File Cabinet
39,995.00 7 5,713.57

Trash Bin
10,800.00 5 2,160.00

180,000.00 8 22,500.00
Circular Bench

192,000.00 10 19,200.00
Aisle Bench

TOTALS
103,145,216.50 2,828,258.49

2020
Asset Opening Book Value Useful Life Depreciation
Building
96,963,750 40 2,486,250.00
Wheelchair
26,000 6 5,200.00
CCTV System
55,998 10 6,222.00
Emergency Light
40,493 10 4,499.25
Airconditioner (Floor
Mounted) 928,125 10 103,125.00
LED Smart TV
40,455 10 4,495.00
Fire Extinguisher
28,140 5 7,035.00
Generator
137,200 15 9,800.00
Massage Chair
1,052,800 15 75,200.00
Vendo Machine
69,012 10 7,668.00
Desktop computer
454,500 10 50,500.00
Printer with photocopier
23,349 8 3,335.63
Cash Vault
13,159 15 939.93
Landline Telephone
15,966 10 1,774.00
Water Dispenser
7,440 5 1,860.00
Biometric Time Attendance
4,638 8 662.50
Office Table
23,085 10 2,565.00
Conference Table
23,130 10 2,570.00
Office Chair (A)
17,491 8 2,498.75
Office Chair (B)
6,116 8 873.75
Shelf
12,889 9 1,611.11
File Cabinet
34,281 7 5,713.57
Trash Bin
8,640 5 2,160.00

8
Circular Bench 157,500.00 22,500.00

10
Aisle Bench 172,800.00 19,200.00

TOTALS
100,316,958.01 2,828,258.49

2021
Asset Opening Book Value Useful Life Depreciation

Building
94,477,500 40 2,486,250.00
Wheelchair
20,800 6 5,200.00
CCTV System
49,776 10 6,222.00
Emergency Light
35,994 10 4,499.25
Airconditioner (Floor
Mounted) 825,000 10 103,125.00
LED Smart TV
35,960 10 4,495.00
Fire Extinguisher
21,105 5 7,035.00
Generator
127,400 15 9,800.00
Massage Chair
977,600 15 75,200.00
Vendo Machine
61,344 10 7,668.00
Desktop computer
404,000 10 50,500.00
Printer with photocopier
20,014 8 3,335.63
Cash Vault
12,219 15 939.93
Landline Telephone
14,192 10 1,774.00
Water Dispenser
5,580 5 1,860.00
Biometric Time Attendance
3,975 8 662.50
Office Table
20,520 10 2,565.00
Conference Table
20,560 10 2,570.00
Office Chair (A)
14,993 8 2,498.75
Office Chair (B)
5,243 8 873.75
Shelf
11,278 9 1,611.11
File Cabinet
28,568 7 5,713.57
Trash Bin
6,480 5 2,160.00

8
Circular Bench 135,000 22,500.00

10
Aisle Bench 153,600 19200

TOTALS
97,488,699.52 2,828,258.49
2022
Asset Opening Book Value Useful Life Depreciation

Building
91,991,250 40 2,486,250.00
Wheelchair
15,600 6 5,200.00
CCTV System
43,554 10 6,222.00
Emergency Light
31,495 10 4,499.25
Airconditioner (Floor
Mounted) 721,875 10 103,125.00
LED Smart TV
31,465 10 4,495.00
Fire Extinguisher
14,070 5 7,035.00
Generator
117,600 15 9,800.00
Massage Chair
902,400 15 75,200.00
Vendo Machine
53,676 10 7,668.00
Desktop computer
353,500 10 50,500.00
Printer with photocopier
16,678 8 3,335.63
Cash Vault
11,279 15 939.93
Landline Telephone
12,418 10 1,774.00
Water Dispenser
3,720 5 1,860.00
Biometric Time Attendance
3,313 8 662.50
Office Table
17,955 10 2,565.00
Conference Table
17,990 10 2,570.00
Office Chair (A)
12,494 8 2,498.75
Office Chair (B)
4,369 8 873.75
Shelf
9,667 9 1,611.11
File Cabinet
22,854 7 5,713.57
Trash Bin
4,320 5 2,160.00

Circular Bench 112,500 8 22,500.00

Aisle Bench 134,400 10 19,200.00

TOTALS
94,660,441.03 2,828,258.49

2023
Asset Opening Book Value Useful Life Depreciation

Building
89,505,000 40 2,486,250.00
Wheelchair
10,400 6 5,200.00
CCTV System
37,332 10 6,222.00
Emergency Light
26,996 10 4,499.25
Airconditioner (Floor
Mounted) 618,750 10 103,125.00
LED Smart TV
26,970 10 4,495.00
Fire Extinguisher
7,035 5 7,035.00
Generator
107,800 15 9,800.00
Massage Chair
827,200 15 75,200.00
Vendo Machine
46,008 10 7,668.00
Desktop computer
303,000 10 50,500.00
Printer with photocopier
13,343 8 3,335.63
Cash Vault
10,339 15 939.93
Landline Telephone
10,644 10 1,774.00
Water Dispenser
1,860 5 1,860.00
Biometric Time Attendance
2,650 8 662.50
Office Table
15,390 10 2,565.00
Conference Table
15,420 10 2,570.00
Office Chair (A)
9,995 8 2,498.75
Office Chair (B)
3,495 8 873.75
Shelf
8,056 9 1,611.11
File Cabinet
17,141 7 5,713.57
Trash Bin
2,160 5 2,160.00

Circular Bench 90,000 8 22,500.00

Aisle Bench 115,200 10 19,200.00

TOTALS
91,832,182.54 2,828,258.49
Closing Book Value

96,963,750

26,000

55,998

40,493

928,125

40,455

28,140

137,200

1,052,800

69,012

454,500

23,349

13,159

15,966

7,440

4,638

23,085

23,130

17,491
 6,116

12,889

34,281

8,640

157,500

172,800

100,316,958

Closing Book Value

94,477,500.00

20,800.00

49,776.00

35,994.00

825,000.00

35,960.00

21,105.00

127,400.00

977,600.00

61,344.00

404,000.00

20,013.75
 12,219.13

14,192.00

5,580.00

3,975.00

20,520.00

20,560.00

14,992.50

5,242.50

11,277.78

28,567.86

6,480.00

135,000.00

153,600.00

97,488,699.52

Closing Book Value

91,991,250.00

15,600.00

43,554.00

31,494.75

721,875.00
 31,465.00

14,070.00

117,600.00

902,400.00

53,676.00

353,500.00

16,678.13

11,279.20

12,418.00

3,720.00

3,312.50

17,955.00

17,990.00

12,493.75

4,368.75

9,666.67

22,854.29

4,320.00

112,500.00

134,400.00

94,660,441.03
Closing Book Value

89,505,000.00

10,400.00

37,332.00

26,995.50

618,750.00

26,970.00

7,035.00

107,800.00

827,200.00

46,008.00

303,000.00

13,342.50

10,339.27

10,644.00

1,860.00

2,650.00

15,390.00

15,420.00

9,995.00
 3,495.00

8,055.56

17,140.71

2,160.00

90,000.00

115,200.00

91,832,182.54

Closing Book Value

87,018,750.00

5,200.00

31,110.00

22,496.25

515,625.00

22,475.00

98,000.00

752,000.00

38,340.00

252,500.00

10,006.88

9,399.33
 8,870.00

1,987.50

12,825.00

12,850.00

7,496.25

2,621.25

6,444.44

11,427.14

67,500.00

96,000.00

89,003,924.05