Projected Financial Statement

Librew Cafe
Projected Statement of Financial Performance
For the year ended December 2020-2024
(All Amounts in Philippine Peso)
2020 2021 2022 2023 2024
Service Income 3,307,073.70 5,397,784.70 6,347,909.30 7,311,822.40 8,278,176.10
Less: Operating Expenses
Office Supplies Expense 5,078.00 1,119.50 1,119.50 1,119.50 1,119.50
Salaries and Wages 1,063,224.00 1,063,224.00 1,063,224.00 1,063,224.00 1,063,224.00
SSS, PHIC and HDMF
115,353.60 115,353.60 115,353.60 115,353.60 115,353.60
Contributions
13th month pay 88,602.00 88,602.00 88,602.00 88,602.00 88,602.00
Repairs and Maintenance 15,000.00 17,000.00 19,000.00 20,000.00 22,000.00
Utilities Expense 172,800.00 212,800.00 252,800.00 292,800.00 332,800.00
Rent Expense 360,000.00 - - -
Filing Fee 30,000.00 - - - -
Permits and Licenses 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00
Organizational Meeting 5,000.00 - - - -
Promotions 25,300.00 25,300.00 25,300.00 25,300.00 25,300.00
Attorney's Fee 20,000.00 - - - -
Telecommunication 17,988.00 17,988.00 17,988.00 17,988.00 17,988.00
Total Operating Expense 1,943,345.60 1,566,387.10 1,608,387.10 1,649,387.10 1,691,387.10
Net Income before tax 1,363,728.10 3,831,397.60 4,739,522.20 5,662,435.30 6,586,789.00
Income tax (30%) (409,118.43) (1,149,419.28) (1,421,856.66) (1,698,730.59) (1,976,036.70)
Net Income (Loss) after tax 954,609.67 2,681,978.32 3,317,665.54 3,963,704.71 4,610,752.30 100 180.95% 66.59% 67.68% 67.78%
Cash Flows

Table 5.14: Soul Tree's Projected Statement of Cash Flows

SOUL TREE MEMORIAL PARK
Projected Statement of Cash Flows
For the year ended December 31, 2018 - December 31, 2022
(All Amounts in Philippine Peso)
2018 2019 2020 2021 2022
Cash Flows from Operating Activities
Net Surplus (Deficit) 261,102.33 1,733,915.63 2,364,002.85 3,004,442.02 3,645,889.61
Depreciation expense 429,342.88 429,342.88 429,342.88 429,342.88 429,342.88
Changes in Assets and Liabilities
Decrease (increase) in:
Installment Receivables (4,053,592.80) (2,805,490.80) (851,479.20) (924,922.80) (910,958.40)
Memorial Supplies (43,000.00) (15,500.00) (15,500.00) (15,500.00) (15,500.00)
Office Supplies (8,297.50) (1,119.50) (1,119.50) (1,119.50) (1,119.50)
Increase (decrease) in:
Unearned Income 1,417,317.30 288,597.30 283,511.70 291,600.60 289,179.90
Cash Flows provided by (used in) Operating Activities (1,997,127.80) (370,254.50) 2,208,758.72 2,783,843.19 3,436,834.48

Cash Flows from Investing Activities

Acquisition of Land (2,045,125.00) - - - -
Land Improvements (2,000,000.00)
Construction of Building (3,178,000.00) - - - -
Acquisition of Machineries and Equipment (2,467,133.00) - - - -
Acquisition of Furniture and Fixtures (28,250.00) - - - -
Cash Flows provided by (used in) Investing Activities (9,718,508.00) - - - -

Cash Flows from Financing Activities

Partner's Contribution 15,000,000.00 - - - -
Cash Flows provided by (used in) Financing Activities 15,000,000.00 - - - -

Net Increase (Decrease) in Cash 3,284,364.20 (370,254.50) 2,208,758.72 2,783,843.19 3,436,834.48

Cash Balance, beginning - 3,284,364.20 2,914,109.71 5,122,868.43 7,906,711.62
Cash Balance, ending to be accounted for 3,284,364.20 2,914,109.71 5,122,868.43 7,906,711.62 11,343,546.10
Balance Sheet

Table 5.15: Soul Tree's Projected Statement of Financial Position

SOUL TREE MEMORIAL PARK
Projected Statement of Financial Position
As of December 31, 2018 - December 31, 2022
(All Amounts in Philippine Peso)
2018 2019 2020 2021 2022
ASSETS
Current Assets
Cash 3,284,364.20 2,914,109.71 5,122,868.43 7,906,711.62 11,343,546.10
Installment Receivable, net 4,053,592.80 6,859,083.60 7,710,562.80 8,635,485.60 9,546,444.00
Memorial Supplies (Schedule 1) 43,000.00 58,500.00 74,000.00 89,500.00 105,000.00
Office Supplies (Shedule 2) 8,297.50 9,417.00 10,536.50 11,656.00 12,775.50
Total Current Assets 7,389,254.50 9,841,110.31 12,917,967.73 16,643,353.22 21,007,765.60

Non-current Assets
Land 2,045,125.00 2,045,125.00 2,045,125.00 2,045,125.00 2,045,125.00
Land Improvements 1,800,000.00 1,600,000.00 1,400,000.00 1,200,000.00 1,000,000.00
Building, net 3,098,550.00 3,019,100.00 2,939,650.00 2,860,200.00 2,780,750.00
Machineries and Equipment, net 2,320,271.38 2,173,409.75 2,026,548.13 1,879,686.50 1,732,824.88
Furniture and Fixtures, net 25,218.75 22,187.50 19,156.25 16,125.00 13,093.75
Total Non-current Assets 9,289,165.13 8,859,822.25 8,430,479.38 8,001,136.50 7,571,793.63
Total Assets 16,678,419.63 18,700,932.56 21,348,447.10 24,644,489.72 28,579,559.23

LIABILITIES AND EQUITY

Liability
Unearned Income 1,417,317.30 1,705,914.60 1,989,426.30 2,281,026.90 2,570,206.80

Owners' Equity
Cabanlit, capital 3,052,220.47 3,399,003.59 3,871,804.16 4,472,692.56 5,201,870.49
Hinampas, capital 3,052,220.47 3,399,003.59 3,871,804.16 4,472,692.56 5,201,870.49
Notario, capital 3,052,220.47 3,399,003.59 3,871,804.16 4,472,692.56 5,201,870.49
 Paquidian, capital 3,052,220.47 3,399,003.59 3,871,804.16 4,472,692.56 5,201,870.49
Sabtal, capital 3,052,220.47 3,399,003.59 3,871,804.16 4,472,692.56 5,201,870.49
Total Owners' Equity 15,261,102.33 16,995,017.96 19,359,020.80 22,363,462.82 26,009,352.43
Total Liabilities and Equity 16,678,419.63 18,700,932.56 21,348,447.10 24,644,489.72 28,579,559.23
-11.27%
69.21%
36.05% 26.50% 20.95% 17.32%
13.49% 11.89% 10.62% 9.60%
33.18% 31.27% 28.84% 26.22%

0.00%
-11.11%
-2.56%
-6.33%
-12.02%
-4.62%
12.13%
#DIV/0!
#DIV/0!
#DIV/0!
20.36%
#DIV/0!
#DIV/0!
11.36%
11.36%
11.36%
11.36%
11.36%
11.36%
Statement of Changers in Owner's Equity

Table 5.16: Soul Tree's Projected Statement of Changes in Owner's Equity

SOUL TREE MEMORIAL PARK
Projected Statement of Changes in Owner's Equity
For the year ended December 31, 2018 - December 31, 2022
(All Amounts in Philippine Peso)
Year 2018
Cabanlit Hinampas Notario Paquidian Sabtal
Balances, January 1 3,000,000.00 3,000,000.00 3,000,000.00 3,000,000.00 3,000,000.00
Additional investment - - - - -
Net Income 52,220.47 52,220.47 52,220.47 52,220.47 52,220.47
Subtotal 3,052,220.47 3,052,220.47 3,052,220.47 3,052,220.47 3,052,220.47
Less: Withdrawal - - - - -
Balances, December 31 3,052,220.47 3,052,220.47 3,052,220.47 3,052,220.47 3,052,220.47
Year 2019
Cabanlit Hinampas Notario Paquidian Sabtal
Balances, January 1 3,052,220.47 3,052,220.47 3,052,220.47 3,052,220.47 3,052,220.47
Additional investment - - - - -
Net Income 346,783.13 346,783.13 346,783.13 346,783.13 346,783.13
Subtotal 3,399,003.59 3,399,003.59 3,399,003.59 3,399,003.59 3,399,003.59
Less: Withdrawal - - - - -
Balances, December 31 3,399,003.59 3,399,003.59 3,399,003.59 3,399,003.59 3,399,003.59
Year 2020
Cabanlit Hinampas Notario Paquidian Sabtal
Balances, January 1 3,399,003.59 3,399,003.59 3,399,003.59 3,399,003.59 3,399,003.59
Additional investment - - - - -
Net Income 472,800.57 472,800.57 472,800.57 472,800.57 472,800.57
Subtotal 3,871,804.16 3,871,804.16 3,871,804.16 3,871,804.16 3,871,804.16
Less: Withdrawal - - - - -
Balances, December 31 3,871,804.16 3,871,804.16 3,871,804.16 3,871,804.16 3,871,804.16
Year 2021
Cabanlit Hinampas Notario Paquidian Sabtal
Balances, January 1 3,871,804.16 3,871,804.16 3,871,804.16 3,871,804.16 3,871,804.16
Additional investment - - - - -
Net Income 600,888.40 600,888.40 600,888.40 600,888.40 600,888.40
Subtotal 4,472,692.56 4,472,692.56 4,472,692.56 4,472,692.56 4,472,692.56
Less: Withdrawal - - - - -
Balances, December 31 4,472,692.56 4,472,692.56 4,472,692.56 4,472,692.56 4,472,692.56
Year 2022
Cabanlit Hinampas Notario Paquidian Sabtal
Balances, January 1 4,472,692.56 4,472,692.56 4,472,692.56 4,472,692.56 4,472,692.56
Additional investment - - - - -
Net Income 729,177.92 729,177.92 729,177.92 729,177.92 729,177.92
Subtotal 5,201,870.49 5,201,870.49 5,201,870.49 5,201,870.49 5,201,870.49
Less: Withdrawal - - - - -
Balances, December 31 5,201,870.49 5,201,870.49 5,201,870.49 5,201,870.49 5,201,870.49
Table 5.12: Salaries and Wages (Schedule 10)

SSS, PHIC and

No. of
Position Wages SSS PHIC HDMF Months Total Amount HDMF Net Pay
person
Contributions

Marketing and Sales Manager 1 700/day 581.30 137.50 100.00 12 218,400.00 9,825.60 208,574.40

Cemetery Services Manager 1 700/day 581.30 137.50 100.00 12 218,400.00 9,825.60 208,574.40

Finance Officer 1 700/day 581.30 137.50 100.00 12 218,400.00 9,825.60 208,574.40

Accounting Staff 1 500/day 472.30 137.50 100.00 12 156,000.00 8,517.60 147,482.40

Cashier 1 300/day 290.70 137.50 100.00 12 93,600.00 6,330.00 87,270.00

Marketing Staff 1 350/day 327.00 137.50 100.00 12 109,200.00 6,774.00 102,426.00

Cremator 2 350/day 327.00 137.50 100.00 12 218,400.00 13,548.00 204,852.00

Undertaker/Cemetery Worker 4 300/day 290.70 137.50 100.00 12 374,400.00 25,353.60 349,046.40

Security Officer 4 300/day 290.70 137.50 100.00 12 374,400.00 25,353.60 349,046.40

TOTAL ₱1,981,200.00 ₱115,353.60 ₱1,865,846.40

Table 5.5: Installment Receivable (Schedule 3)

FULL PACKAGE SERVICE 2018 2019 2020 2021 2022

Deferred Cash 379,940.00 584,908.00 749,880.00 874,860.00 999,840.00
Estimated Uncollectible Accounts (10%) (37,994.00) (58,490.80) (74,988.00) (87,486.00) (99,984.00)
Subtotal 341,946.00 526,417.20 674,892.00 787,374.00 899,856.00
2-year Installment Outright DownPayment 751,320.00 815,076.00 857,580.00 1,027,596.00 1,176,360.00
Estimated Uncollectible Accounts (10%) (75,132.00) (81,507.60) (85,758.00) (102,759.60) (117,636.00)
Subtotal 676,188.00 733,568.40 771,822.00 924,836.40 1,058,724.00
2-year Installment 12 mos. Amortization 857,580.00 1,027,596.00 1,176,360.00 1,346,376.00 1,495,140.00
Estimated Uncollectible Accounts (10%) (85,758.00) (102,759.60) (117,636.00) (134,637.60) (149,514.00)
Subtotal 771,822.00 924,836.40 1,058,724.00 1,211,738.40 1,345,626.00
3-year Installment Outright DownPayment 628,140.00 1,333,860.00 1,489,020.00 1,644,180.00 1,799,340.00
Estimated Uncollectible Accounts (10%) (62,814.00) (133,386.00) (148,902.00) (164,418.00) (179,934.00)
Subtotal 565,326.00 1,200,474.00 1,340,118.00 1,479,762.00 1,619,406.00
3-year Installment 12 mos. Amortization 783,300.00 1,644,180.00 1,799,340.00 1,954,500.00 2,109,660.00
Estimated Uncollectible Accounts (10%) (78,330.00) (164,418.00) (179,934.00) (195,450.00) (210,966.00)
Subtotal 704,970.00 1,479,762.00 1,619,406.00 1,759,050.00 1,898,694.00
5-year Installment Outright DownPayment 369,540.00 790,800.00 914,928.00 1,070,088.00 1,204,560.00
Estimated Uncollectible Accounts (10%) (36,954.00) (79,080.00) (91,492.80) (107,008.80) (120,456.00)
Subtotal 332,586.00 711,720.00 823,435.20 963,079.20 1,084,104.00
5-year Installment 12 mos. Amortization 576,240.00 1,204,380.00 1,287,312.00 1,339,032.00 1,411,440.00
Estimated Uncollectible Accounts (10%) (57,624.00) (120,438.00) (128,731.20) (133,903.20) (141,144.00)
Subtotal 518,616.00 1,083,942.00 1,158,580.80 1,205,128.80 1,270,296.00
CREMATION SERVICE ONLY 2018 2019 2020 2021 2022
Deferred Cash 49,980.00 69,972.00 99,960.00 119,952.00 149,940.00
Estimated Uncollectible Accounts (10%) (4,998.00) (6,997.20) (9,996.00) (11,995.20) (14,994.00)
Subtotal 44,982.00 62,974.80 89,964.00 107,956.80 134,946.00
2-year Installment Outright DownPayment 45,480.00 62,472.00 87,960.00 104,952.00 130,440.00
Estimated Uncollectible Accounts (10%) (4,548.00) (6,247.20) (8,796.00) (10,495.20) (13,044.00)
Subtotal 40,932.00 56,224.80 79,164.00 94,456.80 117,396.00
2-year Installment 12 mos. Amortization 62,472.00 87,960.00 104,952.00 113,448.00 130,440.00
Estimated Uncollectible Accounts (10%) (6,247.20) (8,796.00) (10,495.20) (11,344.80) (13,044.00)
Subtotal 56,224.80 79,164.00 94,456.80 102,103.20 117,396.00
Total Installment Receivable 4,053,592.80 6,859,083.60 7,710,562.80 8,635,485.60 9,546,444.00
Projected Income

The table below shows the Soul Tree’s Projected income for 5 consecutive years.

Table 5.2: Soul Tree's Projected Income

Full Package Service 2018 2019 2020 2021 2022

Spot Cash (10 persons avail) 450,000.00 540,000.00 675,000.00 765,000.00 900,000.00
Deferred Cash (15 persons avail) 379,940.00 584,908.00 749,880.00 874,860.00 999,840.00
Estimated withdrawal in payment (5 persons) (87,486.00) (87,486.00) (87,486.00) (87,486.00) (87,486.00)
Estimated cancellation of payment (10%) 37,994.00 58,491.00 74,988.00 87,486.00 99,984.00
Subtotal 330,448.00 555,913.00 737,382.00 874,860.00 1,012,338.00
2-year Installment Outright DownPayment (35 persons avail) 751,320.00 815,076.00 857,580.00 1,027,596.00 1,176,360.00
Estimated withdrawal in payment (5 persons) (79,632.00) (79,632.00) (79,632.00) (79,632.00) (79,632.00)
Estimated cancellation of payment (10%) 75,132.00 81,507.00 85,758.00 102,760.00 117,636.00
Subtotal 746,820.00 816,951.00 863,706.00 1,050,724.00 1,214,364.00
2-year Installment 12 mos. Amortization (40 persons avail) 857,580.00 1,027,596.00 1,176,360.00 1,346,376.00 1,495,140.00
Estimated withdrawal in payment (10 persons) (154,014.00) (154,014.00) (154,014.00) (154,014.00) (154,014.00)
Estimated cancellation of payment (10%) 85,758.00 102,760.00 117,636.00 134,638.00 149,514.00
Subtotal 789,324.00 976,342.00 1,139,982.00 1,327,000.00 1,490,640.00
3-year Installment Outright DownPayment (40 persons avail) 628,140.00 705,720.00 783,300.00 860,880.00 938,460.00
Estimated withdrawal in payment (10 persons) (113,862.00) (113,862.00) (113,862.00) (113,862.00) (113,862.00)
Estimated cancellation of payment (10%) 62,814.00 70,572.00 78,330.00 86,088.00 93,846.00
Subtotal 577,092.00 662,430.00 747,768.00 833,106.00 918,444.00
3-year Installment 12 mos. Amortization (50 persons avail) 783,300.00 860,880.00 938,460.00 1,016,040.00 1,093,620.00
Estimated withdrawal in payment (10 persons) (113,862.00) (113,862.00) (113,862.00) (113,862.00) (113,862.00)
Estimated cancellation of payment (10%) 78,330.00 86,088.00 93,846.00 101,604.00 109,362.00
Subtotal 747,768.00 833,106.00 918,444.00 1,003,782.00 1,089,120.00
5-year Installment Outright DownPayment (35 persons avail) 369,540.00 421,260.00 493,668.00 576,420.00 628,140.00
Estimated withdrawal in payment (5 persons) (59,556.00) (59,556.00) (59,556.00) (59,556.00) (59,556.00)
Estimated cancellation of payment (10%) 36,954.00 42,126.00 49,367.00 57,642.00 62,814.00
Subtotal 346,938.00 403,830.00 483,479.00 574,506.00 631,398.00
5-year Installment 12 mos. Amortization (55 persons avail) 576,240.00 628,140.00 659,172.00 679,860.00 731,580.00
Estimated withdrawal in payment (10 persons) (77,658.00) (77,658.00) (77,658.00) (77,658.00) (77,658.00)
Estimated cancellation of payment (10%) 57,624.00 62,814.00 65,917.00 67,986.00 73,158.00
Subtotal 556,206.00 613,296.00 647,431.00 670,188.00 727,080.00

Cremation Service only 2018 2019 2020 2021 2022

Spot Cash (3 persons avail) 54,000.00 90,000.00 144,000.00 180,000.00 180,000.00
Deferred Cash (5 persons avail) 49,980.00 69,972.00 99,960.00 119,952.00 149,940.00
Estimated withdrawal in payment (2 persons) (13,994.00) (13,994.00) (13,994.00) (13,994.00) (13,994.00)
Estimated cancellation of payment (10%) 4,998.00 6,997.00 9,996.00 11,995.00 14,994.00
Subtotal 40,984.00 62,975.00 95,962.00 117,953.00 150,940.00
2-year Installment Outright DownPayment ( 5 persons avail) 45,480.00 62,472.00 87,960.00 104,952.00 130,440.00
Estimated withdrawal in payment (2 persons) (13,994.00) (13,994.00) (13,994.00) (13,994.00) (13,994.00)
Estimated cancellation of payment (10%) 4,548.00 6,247.00 8,796.00 10,495.00 13,044.00
Subtotal 36,034.00 54,725.00 82,762.00 101,453.00 129,490.00
2-year Installment 12 mos. Amortization (7 persons avail) 62,472.00 87,960.00 104,952.00 113,448.00 130,440.00
Estimated withdrawal in payment (3 persons) (19,942.00) (19,942.00) (19,942.00) (19,942.00) (19,942.00)
Estimated cancellation of payment (10%) 6,247.00 8,796.00 10,495.00 11,345.00 13,044.00
Subtotal 48,777.00 76,814.00 95,505.00 104,851.00 123,542.00
Total Unearned Income 4,724,391.00 5,686,382.00 6,631,421.00 7,603,423.00 8,567,356.00
Estimated income rate 0.70 0.70 0.70 0.70 0.70
Subtotal 3,307,073.70 3,980,467.40 4,641,994.70 5,322,396.10 5,997,149.20
Unearned Income (previous year) - 1,417,317.30 1,705,914.60 1,989,426.30 2,281,026.90
Total Income 3,307,073.70 5,397,784.70 6,347,909.30 7,311,822.40 8,278,176.10