Printige

Statement of Comprehensive Income

For the Years Ended 2017, 2018, 2019
2017 2018 2019
Service Income ₱ ₱ ₱
1,380,000.00 1,656,000.00 1,987,200.00
Sales 202,000. ₱ 1,582,000.00 222,200.00 ₱ 244,420 ₱ 2,231,620.00
00 1,878,200.00 .00
Less: Operating Expenses
Utilities Expense 202,000. 212,000. 212,600
00 00 .00
SSS Contribution Expense 60,600. 60,600. 60,600
00 00 .00
Pag-Ibig Contribution 18,000. 18,000. 18,000
Expense 00 00 .00
PhilHealth Contribution 14,400. 14,400. 14,400
Expense 00 00 .00
Rent Expense 108,000. 113,400. 113,670
00 00 .00
Depreciation Expense 112 100,075. 150,100.00
886.48 00
Salaries Expense 181,000. 181,000.0 181,000
00 0 .00
Taxes & Licenses Expense 26,450. 26,450. 26,450
00 00 .00
Supplies Expense 159,864.00 883,200.48 167,857.20 893,782.20 176,250.06 953,070.06
Net Income before Tax 698,799.52 984,417.80 1,278,549.94
Less: Income Tax (30%) 209,639.86 295,325.00 383,564.98
Net Income after Tax ₱ 489,159.66 ₱ 689,092.46 ₱ 894, 984.96

The Statement of Comprehensive Income shows the projected income and expenses for the
years ended 2017, 2018 and 2019. In year 2017, the expected net income after tax is Php 489,159.66
By the year 2018, the income increases while the expenses decreases. For year 2019, the net income
after tax increases

44

Table 18
 Printige

Statement of Stockholder's Equity

For the three year period

2017 2018 2019

Beginning Balance ₱ 1,200,000.00 ₱ 1,363,053.22 ₱ 1,817,404.29

Additional Investment

Total 1,200,000.00 1,363,053.22 1,817,404.29

Share in Net Income/Loss ₱ 163,053.22 ₱ 454,351.07 ₱ 60,501.43

Total ₱ 1,363,053.22 ₱ 1,817,404.29 ₱ 1,877, 905.72

Less: Withdrawals

Total Stockholder's Equity ₱ 1,363,053.22 ₱ 1,817,404.29 ₱ 1,877, 905.72

The Statement of Stockholder's Equity displays the total capital of years ended 2017 to 2019. In
2017, the total capital of the Printige is 200,000.00 By years 2018 and 2019, there’s a raise in
capital. There are no additional investments and withdrawals occurred for the first 3 years.

44

TableTable
20 19
 2017 2018 2019
Service ₱ 1,380,000.00 ₱ 1,656,000.00 ₱ 1,987,200.00
Income

Sales ₱ 202,000.00 ₱ 1,582,000.00 ₱ 222,200 ₱ 1,878,200 ₱ 244,420 ₱ 2,231,620

The projected income on the table above states the service income and sales that Printige will
receive for 3 years. Through the years, the income of Printige will increase gradually. By 2018 and
2019, it will increase.

Printige
Statement of Financial Position
For the years ended 2017, 2018 & 2019

44

Table 21
2017 2018 2019

44
Assets:
Cash ₱1,153,053.22 ₱ 1,600,404.29 ₱ 1,667,905.72
Office Supplies ₱ 12,169.00 ₱ 10,000.00 ₱ 11,553.00
Accounts ₱ 20,000.00 ₱ 25,000.00 ₱ 30,000.00
Receivable
Notes ₱ 10,000.00 ₱ 12,500.00 ₱ 15,000.00
Receivable
Total Current ₱1,195,222.22 ₱1,647,404.29 ₱ 1,724,458.72
Assets

Equipment ₱462,027.00 ₱462,027.00 ₱462,027.00

Accumulated ₱ (50,685.00) ₱ (101,370.00) ₱ (152,055.00)
Depreciation –
Equipment
Furniture and ₱ 104,680.00 ₱ 104,680.00 ₱104,680.00
Fixture
Accumulated ₱ (23,279.00) ₱ (46,558.00) ₱ (69,837.00)
depreciation –
Furniture and
Fixture
₱ 492,743.00
Total Assets: ₱1,687,965.2 ₱ 2,066,183.29 ₱ 2,069,273.72
2

2017 2018 2019

Liabilities

44
 Accounts ₱ 249,312.00 ₱153,279.00 ₱ 88,956.00
Payable
Notes Payable ₱ 54,670.00 ₱ 80,000.00 ₱ 81,112.00

Interest Payable ₱ 20,930.00 ₱ 15,500.00 ₱ 21,300.00

Total Current ₱324,912.00 ₱ 248,779.00 ₱ 191,368.00
Liabilities
Total Liabilities: ₱324,912.00 ₱ 248,779.00 ₱ 191,368.00
Equity
Stockholders ₱ 1,363,053.22 ₱ 1,817,404.29 ₱1,877,905.72
Capital
Total Equity ₱ 1,363,053.22 ₱ 1,817,404.29 ₱1,877,905.72
Total Liabilities ₱1,687,965.22 ₱ 2,066,183.29 ₱2,069,273.72
and Equity:

44

Table 22
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