Version Updates:

1 Correction on salaries and wages

2 13th month pay
3 SSS, HDMF, PHIC
4 Update on Financial Analysis
5 Decreased cashier to one count
6 Error correction on formula for net income
7 Payback period included in cash flow statement
 Terry’s Luncheonette
Financial Statements Analysis
Five-year Projection

Financial data (Amounts in Philipine Peso) Financial Ratios

1st year 2nd year 3rd year 4th year 5th year 1st year 2nd year 3rd year 4th year

Operating profitability

Operating income 105,331 100,997 109,394 116,878 125,261

OIROI = = = 9.67% 9.84% 11.29% 12.73%
Total assets 1,089,765 1,026,063 969,078 918,080 873,788
Operating income 105,331 100,997 109,394 116,878 125,261
Operating profit margin = = = 2.37% 2.21% 2.32% 2.41%
Sales 4,442,364 4,575,635 4,712,904 4,854,291 4,999,919
Revenue 1,090,171 1,122,876 1,156,562 1,191,259 1,226,997
Total asset turnover = = = 1.00 1.09 1.19 1.30
Total assets 1,089,765 1,026,063 969,078 918,080 873,788

Return on investment

Net income 89,765 86,298 93,015 99,002 105,709

ROE = = = 8.24% 8.41% 9.60% 10.78%
Equity 1,089,765 1,026,063 969,078 918,080 873,788

Ratio Interpretation: Applying the assumptions of the team on the financial statements of Terry's Luncheonette the following may be
deduced from the financial data and ratios:

Operating profitability

Operating income return on investment (OIROI) - indicates effectiveness in managing the firm's income statement, as measured by operating profits relative to total
 assets.
The proprietor will potentially generate significantly more income on every peso of assets at the end of first
year.

Operating profit margin - indicates effectiveness in managing the firm's income statement, as measured by operating profits relative to sales.
The driving forces of operating profit margin are the following:
1 The number of units products sold.
2 The average selling price for each unit or product.
3 The cost of preparing the products.
4 The ability to control general and administrative expenses.
5 The ability to control expenses in marketing the products.
The margin shows that Terry's Luncheonette will be able to have favorable results starting the first year
of operations. The business will be able to keep costs and expenses in line relative to sales,
as reflected by the margin.

Total asset turnover - indicates management's effectiveness at managing a firms balance sheet -its assets- as indicated by the amount
of sales generated per one peso of assets.
Terry's Luncheonette will potentially generate about P1.00 to P1.40 in sales for every peso of asset from
first year to fifth year.
Return on investment

ROE - indicates the rate of return on the proprietor's investment, as measured by net income relative to equity.
Ratio shows a favorable potential return on the investment at the end of the first year of operation
that is at 8.24%.
tios
5th year

14.34%

2.51%

1.40

12.10%

ollowing may be

s relative to total
e end of first

s relative to sales.

by the amount
 Terry’s Luncheonette
Profit or Loss Statement
Five-year Projection

Notes 1st year 2nd year 3rd year 4th year 5th year
(Amounts in Philippine Peso)
Gross Sales 1 ### ### ### ### ###
Less: Sales discount 44,872 46,219 47,605 49,033 50,504
Net sales ### ### ### ### ###
Cost of goods sold 2 ### ### ### ### ###
Gross profit ### ### ### ### ###

Operating expenses:
Advertising 3 1,600 - - - -
Rental 4 120,000 120,000 120,000 120,000 120,000
Salaries and wages 5 588,120 605,764 623,922 642,648 661,925
13th month pay 5 49,010 50,480 51,994 53,554 55,160
SSS, PHIC and HDMF Contribution 6 62,278 64,402 65,648 68,089 69,958
Power, light and water 7 108,000 111,240 114,577 118,015 121,555
Repairs and maintenance 8 - 13,402 13,670 13,944 14,223
Depreciation 9 27,539 27,539 27,539 27,539 27,539
Permits and licenses 10 1,665 1,665 1,665 1,665 1,665
Store and office supplies 11 8,628 8,887 9,154 9,428 9,711
Transportation expenses 12 5,000 5,000 5,000 5,000 5,000
Professional fee 13 8,000 8,500 9,000 9,500 10,000
Miscellaneous expenses 14 5,000 5,000 5,000 5,000 5,000
Total operating expenses 984,840 ### ### ### ###
Operating income (loss) 105,331 100,997 109,394 116,878 125,261
Less: Provision for income tax 17 (15,566) (14,699) (16,379) (17,876) (19,552)
Net income (loss) 89,765 86,298 93,015 99,002 105,709
Notes:

1 Sales
The proposed sales is expected to increase by 3% constantly from the 2nd year to the 5th year.
Five percent of the Annual Sales is sales to senior citizens. They are given twenty percent discount on their purchases.

2 Cost of goods sold

Purchases are the total of cost of goods sold and additional of 6 days allowance inventory.
The prices of the raw materials are expected to increase by 3% constantly from 2nd to 5th year.

3 Advertising
Marketing expenses shall be incurred prior to operation, ie. Flyers, radio ads, tarpaulin. Subsequent marketing campaigns will be made through
social media, ie. Facebook.

4 Rental
Monthly rental is fixed at P10k per month, no escalation for the first five years.

5 Salaries and wages

Salaries and wages of the employees would increase by 3% from the 2nd year to 5th year
All employees will receive their 13th month pay at the end of the year based on their total salaries in a year divided by twelve.

6 SSS, PHIC and HDMF Contribution

SSS, PhilHealth and Pag-ibig Contribution by the employer are based on the applicable schedules of each agency or government body.

7 Power, light and water

Utilities are expected to increase by 3% from 2nd year to 5th year.

8 Repair and maintenance

Repair and maintenance will start in the 2nd year which is 5% of the total cost for the building, equipment and furniture’s and fixtures. It is
expected to increase by 2% from the 3rd year to 5th year.
 9 Depreciation
Please see separate schedule.

10 Permits and licenses

Permit and licenses prices will be the same for the five years projection. These legal documents will increase only if there are new ordinance
that will be implemented, except from the mayor’s permit and tax clearance.

11 Store and office supplies

Included kitchen tools expensed directly, cleaning materials and office supplies.

12 Transportation expenses
Include expenses for fare in going to suppliers for purchasing raw materials, etc.

13 Professional fee
Include bookkeeping fees initially at P8k, increase by P500 per year.

14 Miscellaneous expenses
Terry’s Luncheonette will apply the principle of Corporate Social Responsibility (CSR). Terry’s Luncheonette will conduct a feeding program for
the street children, donate empty bottled waters for recycling purposes, ready to eat packed food for those orphans and conduct health
awareness programs and cooking workshops. They also offer discount cards to their valued customers who patronize the products and services,
offer 20% discount to senior citizens, give loyalty or rewards cards if the customer was able to purchase up to Php500.00 meals & beverages.

17 Provision for income tax

The proposed business will contribute greatly to the economy through the taxes that will be paid in the Bureau of Internal Revenues (BIR) which
will be the used by the government in funding projects that will benefit the citizens of the Philippines.
 Terry’s Luncheonette
Statement of Financial Position
Five-year Projection

Notes 1st year 2nd year 3rd year 4th year 5th year
ASSETS (Amounts in Philippine Peso)

Current assets
Cash in bank 784,794 746,697 715,258 689,747 670,882
Inventory 15 64,465 66,399 68,391 70,443 72,556
Total current assets 849,260 813,096 783,650 760,190 743,438

Fixed assets 9
Building and improvements 195,500 195,500 195,500 195,500 195,500
less: accumulated depreciation 13,033 26,067 39,100 52,133 65,166
Building and improvements, net 182,467 169,433 156,400 143,367 130,334

Equipment 58,644 58,644 58,644 58,644 58,644

Less: accumulated depreciation 11,727 23,453 35,180 46,906 58,633
Equipment, net 46,917 35,191 23,464 11,738 11

Furniture and fixture 13,900 13,900 13,900 13,900 13,900

Less: accumulated depreciation 2,779 5,558 8,336 11,115 13,894
Furniture and fixture, net 11,121 8,342 5,564 2,785 6
Total fixed assets 240,505 212,967 185,428 157,889 130,351
TOTAL ASSETS 1,089,765 1,026,063 969,078 918,080 873,788
LIABILITIES AND OWNER'S EQUITY

Current liability - - - - -
Long-term liability - - - - -
Total liabilities - - - - -

Owner's equity
Capital, MR. TERGENCIO ENCILAY 1,089,765 1,026,063 969,078 918,080 873,788

TOTAL LIABILITIES AND OWNER'S EQUITY 1,089,765 1,026,063 969,078 918,080 873,788

- - - - -

Notes:

9 Depreciation
Please see separate schedule.

15 Inventory
The inventory is expected to increase by 3% from the 2nd year to the 5th year.
 Terry’s Luncheonette
Owner's Equity Statement
Five-year Projection

Notes 1st year 2nd year 3rd year 4th year 5th year
(Amounts in Philippine Peso)
Mr. Encilay equity, beginning - 1,089,765 1,026,063 969,078 918,080
Net income 89,765 86,298 93,015 99,002 105,709
Add: Capital investments 16 1,000,000 - - - -
Less: Withdrawals - (150,000) (150,000) (150,000) (150,000)
Mr. Encilay equity, ending 1,089,765 1,026,063 969,078 918,080 873,788

Notes:

16 Initial investment is P1M. The proprietor plans to withdraw his return on on investment at around P150k starting the second year.
 Terry’s Luncheonette
Cash Flow Statement
Five-year Projection

1st year 2nd year 3rd year 4th year 5th year
(Amounts in Philippine Peso)
Operating activities
Net income 89,765 86,298 93,015 99,002 105,709
Depreciation 27,539 27,539 27,539 27,539 27,539
Increase in year-end inventory (64,465) (1,934) (1,992) (2,052) (2,113)
Net cash flow used in operating activities 52,838 111,902 118,562 124,489 131,134

Investing activites
Building and improvements (195,500)
Purchase of equipment (58,644)
Purchase of fixtures (13,900) - - - -
Net cash flow used by operating activities (268,044) - - - -

Financing activites
Capital investment 1,000,000 - - - -
Withdrawals - (150,000) (150,000) (150,000) (150,000)
Net cash flow from financing activities 1,000,000 (150,000) (150,000) (150,000) (150,000)
Beginning balance of Cash in Bank - 784,794 746,697 715,258 689,747
Ending balance of Cash in Bank 784,794 746,697 715,258 689,747 670,882
Payback period and return on initial investment

After-tax
Year cash flow To date Payback Period
from
operations

Year 1 52,838 52,838 0.05

Year 2 111,902 164,741 0.16
Year 3 118,562 283,302 0.28
Year 4 124,489 407,791 0.41
Year 5 131,134 538,926 0.54

Within the period of five years the initial investment of P1M was not yet recovered as reflected by after tax cash flow from
operations. Only 54% (538,926/1,000,000) was recovered as of Year five.
DEPRECIATION EXPENSE
Salvage Annual
Cost Useful life
value depreciation
Building and improvements 195,500 1 15 13,033
Equipment
Electric Stove 2,144 1 5 429
Ceiling Fan 1,000 1 5 200
Exhaust Fan 2,150 1 5 430
Wall Fan 2,200 1 5 440
LPG Tank 2,200 1 5 440
Fire Extinguisher 3,800 1 5 760
Refrigerator 11,500 1 5 2,300
Freezer (medium size) 13,450 1 5 2,690
Water Dispenser 5,000 1 5 1,000
Microwave Oven 4,700 1 5 940
Blender 10,500 1 5 2,100
TOTAL 58,644 11,727
Furniture & Fixture
Tables 4,390 1 5 878
Monoblock Chairs 2,170 1 5 434
Wall Clock 180 1 5 36
Table Cloth 1,700 1 5 340
Signage 3,000 1 5 600
Chairs 2,460 1 5 492
TOTAL 13,900 2,779
GRAND TOTAL
DEPRECIATION PER YEAR 27,539
Schedule IX: SUPPLIES EXPENSE
Supplies Price Unit Total
Apron 45 4 pcs 180
Broom 34 2 pcs 68
Cleaning Towels 12 5 pcs 60
Dust Pan 112.5 2 pcs 225
Hairnet 10 8 pcs 80
Air Freshener 99 2 pcs 198
Hand Soap 53 1 bottle 53
Hand Towel 18 2 pcs 36
Pot Holder 8 6 pcs 48
Squeeze Bottle 25 9 pcs 225
Rag 24 3 pcs 72
Strainer 28 2 pcs 56
Trash can 259.5 3 pcs 778.5
Floor mats 165 2 pcs 330
Floor mop 350 1 pc 350
Sponge 25 4 pcs 100
Steel scrubber 36.5 4 pcs 146
Toilet brush 47.25 1 pc 47.25
Basin 65.25 2 pcs 130.5
Pail 75 2 pcs 150
Dipper 18 2 pcs 36
Total Php 3,369.25 3,369.25
Monthly Supplies Price Unit Total
Bathroom Air
99 4 pcs 396
Freshener
Cleaning Powder 32 10 packs 320
Dishwashing Paste 64.5 4 bottles 258
Drinking straws 26 10 (200 pcs/pack) 260
Garbage bag 116 3 (10pcs/set) 348
Handwash liquid soap 53 4 bottles 212
Paper bag 92.5 10 (100pcs/pack) 925
Roll bag 17.5 20 (200pcs/roll) 350
Table napkins 76 4 (2000sheets/pack) 304
Tooth pick 23.25 15 (500pcs/box) 348.75
Face mask 20 26 pcs 520
Total Php 4,241.75 4,241.75

Office Supplies Prices Unit Total

Ballpen 69.25 1 (20pcs/box) 69.25
Daily time record 62 2 pcs 124
File box 83.25 1 pc 83.25
Journal 23.25 1 book 23.25
Ink refill (marker) 78.5 1 bottle 78.5
Marker 48 2 pcs 96
Ledger 24 1 pad 24
Masking tape 22.5 2 pcs 45
Overtime slip 85 1 pad 85
Scissors 18.5 2 pcs 37
Scotch tape 17 4 pcs 68
Stapler 89 2 pcs 178
Staple wire 22 4 packs 88
Total Php 1,017.25 1,017.25

Overall yearly total Php 8,628.25 8,628.25 LINKED

Note! Supplies are expected to increase by 3% from second year to fifth year.
Purchases for Year One

PURCHASES IN A WEEK
INGREDIENTS QUANTITY UNIT UNIT COST TOTAL
Rice 100 kl 47.50/kl 4,750.00
Bay Leaves 5 packs 5 25
Calamansi 50 pcs 2.5 125
Carrots 60 pcs 8 480
Olive Oil 5 gallon 78.25 391.25
Cornstarch 1 kl 39 39
Curry Powder 10 packs 10 100
Eggs 72 pcs 8 576
Lettuce 10 kl 38.5 385
Garlic 50 pcs 5 250
Ginger 15 pcs 10 150
Ginger powder 6 Packs 8 48
Green Bell Pepper 10 pcs 5 50
Red Bell Pepper 10 pcs 5 50
Black pepper 3 Pack 10 30
Hot Pepper Leaves 4 Pack 5 20
Lemon grass 6 Bunch 5 30
Onions 3 Kg. 70 210
Oyster Sauce 35 750ml. 93.15 3,260.25
Pork 48 Kgs. 200 9,600.00
Salt 2 Kls. 5 10
Soy Sauce 6 liters 52 312
Tomato Paste 5 packs 36 180
Tomato Sauce 8 packs 52.5 420
Turmeric Powder 3 packs
Vinegar 6 liters 52 312
Cabbage 10 kl 42 420
Chicken liver 15 kl 165 2,475.00
Snow peas 8 cans 78.25 626
Cauliflower 5 kl 105 525
Chicken 18 kl 180 3,240.00
Shrimp 30 kl 225 6,750.00
Spring onions 15 kl 25 375
Broccoli 8 kl 98 784
Mushrooms 6 kl 82 492
Green peas 3 Kgs. 30 90
Baby sweet corn 10 kl 102 1,020.00
Broccoli florets 5 packs 52 260
Honey 2 liters 63 126
Fish sauce 1 liter 58.5 58.5
Chinese sausage 6 packs 73.5 441
Cilantro 250 grams 21.25 5,312.50
Lemon 3 kl 115 345
Chicken bouillon cubes 20 Pcs. 12 240
Pork belly 24 Kgs. 200 4,800.00
Pork liver 6 Kl. 195 1,170.00
Potatoes 6 Kl. 150 900
Brown sugar 10 kl 48 480
Hotdogs 15 packs 31 465
Green papaya 18 Pcs. 30 540
Coconut milk 2 liters 60 120
Large squid 6 Kg. 690 4,140.00
Dried chili 8 packs 8 64
Fish 12 Kls. 200 2400
All- purpose flour 12 packs 32.5 390
Vegetable oil 3 liter 56.25 168.75
Toasted sesame seeds 6 packs 25 150
Squash 12 Pcs. 20 240
Okra 18 bundle 15 270
Ampalaya 6 kl 42 252
Pancit noodles 12 Kgs. 32 384
Bihon noodles 12 Kgs. 25 300
Pechay 12 bunch 20 240
String beans 24 bunch 40 960
Eggplant 18 Kgs. 36 648
Total Cost in a week 64,465.25

Ending inventory (1 week) 64,465.25

Weeks in a year 52 (weeks)
Total Annual Purchases Php 3,352,193.00

LINKED 3,352,193
Sales for Year One

Total Days in
Name of Products per Day Selling price No. of Servings Total Sales
a Year
DAY 1
Plain Rice 8 160 52 66,560.00
Vegetarian Fried Rice 25 30 52 39,000.00
Lechon Kawali 55 35 52 100,100.00
Chicken Adobo 35 35 52 63,700.00
Shrimp Tempura 70 30 52 109,200.00
Sautéed Petchay w/ Oyster
25 20 52 26,000.00
Sauce
Vegetarian Stir Fry Noodles 30 20 52 31,200.00
Total 435,760.00
DAY 2
Plain Rice 8 160 52 66,560.00
Mixed Seafood Fried Rice 55 25 52 71,500.00
Chicken Tinola 30 35 52 54,600.00
Mixed Vegetable 30 50 52 78,000.00
Sotanghon 25 45 52 58,500.00
Grilled Squid 35 25 52 45,500.00
Tortang Talong 25 35 52 45,500.00
Total 208 420,160.00
Day 3
Plain Rice 8 160 52 66,560.00
Vegetarian Stir Fry Noodles 30 20 52 31,200.00
Chicken Curry 30 45 52 70,200.00
Tortang Talong 25 35 52 45,500.00
Pancit Bihon 20 50 52 52,000.00
Shrimp Tempura 70 30 52 109,200.00
Pinakbet 25 40 52 52,000.00
Total 208 258,700.00
Day 4
Plain Rice 8 160 52 66,560.00
Pancit Bihon 20 50 52 52,000.00
Grilled Squid 35 25 52 45,500.00
Sautéed Petchay w/ Oyster
25 20 52 26,000.00
Sauce
Menudo 30 35 52 54,600.00
Fish Fillet w/ Sweet and Sour
30 20 52 31,200.00
Sauce
Lechon Kawali 55 35 52 100,100.00
Total 203 375,960.00
Day 5
Plain Rice 8 160 52 66,560.00
Sotanghon 25 45 52 58,500.00
Pinakbet 25 40 52 52,000.00
Lechon Kawali 55 35 52 100,100.00
Tortang Talong 25 35 52 45,500.00
Mixed Vegetable 30 50 52 78,000.00
Mixed Seafood Fried Rice 55 25 52 71,500.00
Total 223 472,160.00
Day 6
Plain Rice 8 160 52 66,560.00
Menudo 30 35 52 54,600.00
Fish Fillet w/ Sweet and Sour
30 20 52 31,200.00
Sauce
Chicken Tinola 30 35 52 54,600.00
Vegetarian Fried Rice 25 30 52 39,000.00
Chicken Curry 30 45 52 70,200.00
Shrimp Tempura 70 30 52 109,200.00
Total 223 425,360.00
BEVERAGES
Coke (12 oz.) 12 101 312 378,144.00
Royal (12 oz.) 12 101 312 378.144.00
Sprite (12 oz.) 12 101 312 378,144.00
Iced Tea 6 57 312 106,704.00
Bottled water 15 150 312 702,000.00
Coffee 10 50 312 156,000.00
TOTAL 67 2,099,136.00
TOTAL SALES 1,380.00 Php 4,487,236.00

LINKED 4,487,236
Schedule IV: SALARIES AND WAGES
List of Personnel Monthly Rate per person Year 1 Year 2 Year 3 Year 4 Year 5
Manager - - - - - -
Cook/Chef (2) 8,320 199,680 205,670 211,841 218,196 224,742
Cashier (1) 8,190 98,280 101,228 104,265 107,393 110,615
Dishwasher (2) - - - - - -
Service Crew (4) 8,060 386,880 398,486 410,441 422,754 435,437 -
TOTAL SALARIES 684,840 705,385 726,547 748,343 770,793
 Schedule 7
Schedule of SSS and Philhealth

YEAR 1
Employer Total Employee
Employer
Personnel Daily Rate Monthly Rate
SSS Philhealth Pag-ibig Fund Contributi SSS
on
Chef 1 320.00 8,320.00 626.20 100.00 166.40 892.60 308.80
Chef 2 320.00 8,320.00 626.20 100.00 166.40 892.60 308.80
Service Crew 1 310.00 8,060.00 589.30 100.00 161.20 850.50 290.70
Service Crew 2 310.00 8,060.00 589.30 100.00 161.20 850.50 290.70
Service Crew 3 310.00 8,060.00 589.30 100.00 161.20 850.50 290.70
Service Crew 4 310.00 8,060.00 589.30 100.00 161.20 850.50 290.70
Cashier 1 315.00 8,190.00 589.30 100.00 163.80 853.10 290.70
90,480.00 6,629.80 1,112.50 1,809.60 6,040.30 3,270.20

YEAR 2 Total
Employer Employer Employee
Personnel Daily Rate Monthly Rate
SSS Philhealth Pag-ibig Fund Contributi SSS
Chef 1 329.6 8,569.60 626.20 100.00 171.39 on
897.59 308.80
Chef 2 329.6 8,569.60 626.20 100.00 171.39 897.59 308.80
Service Crew 1 319.3 8,301.80 626.20 100.00 166.04 892.24 308.80
Service Crew 2 319.3 8,301.80 626.20 100.00 166.04 892.24 308.80
Service Crew 3 319.3 8,301.80 626.20 100.00 166.04 892.24 308.80
Service Crew 4 319.3 8,301.80 626.20 100.00 166.04 892.24 308.80
 Cashier 1 324.45 8,435.70 626.20 100.00 168.71 894.91 308.80
Cashier 2 324.45 8,435.70 626.20 100.00 168.71 894.91 308.80
93,194.40 6,961.80 1,112.50 1,863.89 7,153.96 3,433.20

YEAR 3 Total
Employer Employer Employee
Personnel Daily Rate Monthly Rate
SSS Philhealth Pag-ibig Fund Contributi SSS
Chef 1 339.48 8,826.48 663.00 100.00 176.53 on
939.53 327.00
Chef 2 339.48 8,826.48 663.00 100.00 176.53 939.53 327.00
Service Crew 1 328.87 8,550.62 626.20 100.00 171.01 897.21 308.80
Service Crew 2 328.87 8,550.62 626.20 100.00 171.01 897.21 308.80
Service Crew 3 328.87 8,550.62 626.20 100.00 171.01 897.21 308.80
Service Crew 4 328.87 8,550.62 626.20 100.00 171.01 897.21 308.80
Cashier 1 334.18 8,688.68 626.20 100.00 173.77 899.97 308.80
Cashier 2 334.18 8,688.68 626.20 100.00 173.77 899.97 308.80
95,988.10 7,035.40 1,112.50 1,919.76 7,267.86 3,469.60

YEAR 4 Total
Employer Employer Employee
Personnel Daily Rate Monthly Rate
SSS Philhealth Pag-ibig Fund Contributi SSS
Chef 1 349.67 9,091.42 663.00 112.50 181.83 on
957.33 327.00
Chef 2 349.67 9,091.42 663.00 112.50 181.83 957.33 327.00
Service Crew 1 338.74 8,807.24 663.00 100.00 176.14 939.14 327.00
Service Crew 2 338.74 8,807.24 663.00 100.00 176.14 939.14 327.00
Service Crew 3 338.74 8,807.24 663.00 100.00 176.14 939.14 327.00
Service Crew 4 338.74 8,807.24 663.00 100.00 176.14 939.14 327.00
 Cashier 1 344.21 8,949.46 663.00 100.00 178.99 941.99 327.00
Cashier 2 344.21 8,949.46 663.00 100.00 178.99 941.99 327.00
98,868.90 7,366.70 1,137.50 1,977.38 7,555.21 3,633.30

YEAR 5 Total
Employer Employer Employee
Personnel Daily Rate Monthly Rate
SSS Philhealth Pag-ibig Fund Contributi SSS
Chef 1 360.16 9,364.16 699.80 112.50 187.28 on
999.58 345.20
Chef 2 360.16 9,364.16 699.80 112.50 187.28 999.58 345.20
Service Crew 1 348.9 9,071.40 663.00 112.50 181.43 956.93 327.00
Service Crew 2 348.9 9,071.40 663.00 112.50 181.43 956.93 327.00
Service Crew 3 348.9 9,071.40 663.00 112.50 181.43 956.93 327.00
Service Crew 4 348.9 9,071.40 663.00 112.50 181.43 956.93 327.00
Cashier 1 354.53 9,217.78 663.00 112.50 184.36 959.86 327.00
Cashier 2 354.53 9,217.78 663.00 112.50 184.36 959.86 327.00
101,834.20 7,439.60 1,250.00 2,036.68 7,746.59 3,669.70
Employee Total Monthly
Total Contribution
Employee [EMPLOYER'S NO. of months Annual Rate
Philhealth Pag-ibig Fund Contribution SHARE]

100.00 166.40 575.20 892.60 12.00 10,711.20

100.00 166.40 575.20 892.60 12.00 10,711.20
100.00 161.20 551.90 850.50 12.00 10,206.00
100.00 161.20 551.90 850.50 12.00 10,206.00
100.00 161.20 551.90 850.50 12.00 10,206.00
100.00 161.20 551.90 850.50 12.00 10,206.00
100.00 163.80 554.50 853.10 12.00 10,237.20
1,112.50 1,809.60 6,192.30 6,040.30 72,483.60

Employee Total
EmployeeTotal Monthly Contribution
NO. of months Annual Rate
Philhealth Pag-ibig Fund Contribution
100.00 171.39 580.19 897.59 12.00 10,771.10
100.00 171.39 580.19 897.59 12.00 10,771.10
100.00 166.04 574.84 892.24 12.00 10,706.83
100.00 166.04 574.84 892.24 12.00 10,706.83
100.00 166.04 574.84 892.24 12.00 10,706.83
100.00 166.04 574.84 892.24 12.00 10,706.83
 100.00 168.71 577.51 894.91 12.00 10,738.97
100.00 168.71 577.51 894.91 12.00 10,738.97
1,112.50 1,863.89 6,409.59 7,153.96 85,847.47

Employee Total
EmployeeTotal Monthly Contribution
NO. of months Annual Rate
Philhealth Pag-ibig Fund Contribution
100.00 176.53 603.53 939.53 12.00 11,274.36
100.00 176.53 603.53 939.53 12.00 11,274.36
100.00 171.01 579.81 897.21 12.00 10,766.55
100.00 171.01 579.81 897.21 12.00 10,766.55
100.00 171.01 579.81 897.21 12.00 10,766.55
100.00 171.01 579.81 897.21 12.00 10,766.55
100.00 173.77 582.57 899.97 12.00 10,799.68
100.00 173.77 582.57 899.97 12.00 10,799.68
1,112.50 1,919.76 6,501.86 7,267.86 87,214.27

Employee Total
EmployeeTotal Monthly Contribution
NO. of months Annual Rate
Philhealth Pag-ibig Fund Contribution
112.50 181.83 621.33 957.33 12.00 11,487.94
112.50 181.83 621.33 957.33 12.00 11,487.94
100.00 176.14 603.14 939.14 12.00 11,269.74
100.00 176.14 603.14 939.14 12.00 11,269.74
100.00 176.14 603.14 939.14 12.00 11,269.74
100.00 176.14 603.14 939.14 12.00 11,269.74
 100.00 178.99 605.99 941.99 12.00 11,303.87
100.00 178.99 605.99 941.99 12.00 11,303.87
1,137.50 1,977.38 6,748.18 7,555.21 90,662.57

Employee Total
EmployeeTotal Monthly Contribution
NO. of months Annual Rate
Philhealth Pag-ibig Fund Contribution
112.50 187.28 644.98 999.58 12.00 11,995.00
112.50 187.28 644.98 999.58 12.00 11,995.00
112.50 181.43 620.93 956.93 12.00 11,483.14
112.50 181.43 620.93 956.93 12.00 11,483.14
112.50 181.43 620.93 956.93 12.00 11,483.14
112.50 181.43 620.93 956.93 12.00 11,483.14
112.50 184.36 623.86 959.86 12.00 11,518.27
112.50 184.36 623.86 959.86 12.00 11,518.27
1,250.00 2,036.68 6,956.38 7,746.59 92,959.08
Budget for Power Light and Water

Monthly Annual
LPG Gas [two tanks per month] 1,400 16,800
Electricity [freezer and ref to be considered] 4,000 48,000
Water bill 1,000 12,000
Drinking water [5 containers per day at P20/ container ] 2,600 31,200
Total per year 108,000
 2017

Number
Over-all No days Monthly Over-all Over-all
Employees of Daily rate Annual rate
Daily rate working rate monthly rate annual rate
employees

Manager / Owner 1 350 350 26 9,100 9,100 109,200 109,200.00

Chef 2 320 640 26 8,320 16,640 99,840 199,680.00

Crew 3 310 930 26 8,060 24,180 96,720 290,160.00
Cashier 1 315 315 26 8,190 8,190 98,280 98,280.00
49,010.00 294,840.00 588,120.00 LINKED

2018

Number
Over-all No days Monthly Over-all Over-all
Employees of Daily rate Annual rate
Daily rate working rate monthly rate annual rate
employees

Manager / Owner 1 360.5 360.5 26 9,373 9,373 112,476 112,476.00

Chef 2 329.6 659.2 26 8,570 17,139 102,835 205,670.40

Crew 3 319.3 957.9 26 8,302 24,905 99,622 298,864.80
Cashier 1 324.45 324.45 26 8,436 8,436 101,228 101,228.40
50,480.30 303,685.20 605,763.60 LINKED

2019
 Number
Over-all No days Monthly Over-all Over-all
Employees of Daily rate Annual rate
Daily rate working rate monthly rate annual rate
employees

Manager / Owner 1 371.31 371.31 26 9,654 9,654 115,849 115,848.72

Chef 2 339.48 678.96 26 8,826 17,653 105,918 211,835.52

Crew 3 328.87 986.61 26 8,551 25,652 102,607 307,822.32
Cashier 1 334.18 334.18 26 8,689 8,689 104,264 104,264.16
51,993.50 312,789.36 623,922.00 LINKED

2020

Number
Over-all No days Monthly Over-all Over-all
Employees of Daily rate Annual rate
Daily rate working rate monthly rate annual rate
employees

Manager / Owner 1 382.45 382.45 26 9,944 9,944 119,324 119,324.40

Chef 2 349.67 699.34 26 9,091 18,183 109,097 218,194.08

Crew 3 338.74 1016.22 26 8,807 26,422 105,687 317,060.64
Cashier 1 344.21 344.21 26 8,949 8,949 107,394 107,393.52
53,554.02 322,177.44 642,648.24 LINKED

2021

Number
Over-all No days Monthly Over-all Over-all
Employees of Daily rate Annual rate
Daily rate working rate monthly rate annual rate
employees
Manager / Owner 1 393.92 393.92 26 10,242 10,242 122,903 122,903.04

Chef 2 360.16 720.32 26 9,364 18,728 112,370 224,739.84

Crew 3 348.9 1046.7 26 9,071 27,214 108,857 326,570.40
Cashier 1 354.535 354.535 26 9,218 9,218 110,615 110,614.92
55,160.43 331,841.64 661,925.16 LINKED
2017 Employees Daily rate No days working Monthly rate
Manager / Owner 350.00 26.00 9,100.00
Chef 320.00 26.00 8,320.00
Chef 2 320.00 26.00 8,320.00
Service Crew 1 310.00 26.00 8,060.00
Service Crew 2 310.00 26.00 8,060.00
Service Crew 3 310.00 26.00 8,060.00
Cashier 1 315.00 26.00 8,190.00
Cashier 2 - 26.00 -
Total 1,885.00 49,010.00

2018 Employees Daily rate No days working Monthly rate

Manager / Owner 350.00 26.00 9,100.00
Chef 329.60 26.00 8,569.60
Chef 2 329.60 26.00 8,569.60
Service Crew 1 319.30 26.00 8,301.80
Service Crew 2 319.30 26.00 8,301.80
Service Crew 3 319.30 26.00 8,301.80
Cashier 1 324.45 26.00 8,435.70
Cashier 2 26.00 -
Total 1,941.55 50,480.30

2019 Employees Daily rate No days working Monthly rate

Manager / Owner 371.31 26.00 9,654.06
Chef 339.48 26.00 8,826.48
Chef 2 339.48 26.00 8,826.48
Service Crew 1 328.87 26.00 8,550.62
Service Crew 2 328.87 26.00 8,550.62
Service Crew 3 328.87 26.00 8,550.62
Cashier 1 334.18 26.00 8,688.68
Cashier 2 26.00 -
Total 1,999.75 51,993.50
2020 Employees Daily rate No days working Monthly rate
Manager / Owner 382.45 26.00 9,943.70
Chef 349.67 26.00 9,091.42
Chef 2 349.67 26.00 9,091.42
Service Crew 1 338.74 26.00 8,807.24
Service Crew 2 338.74 26.00 8,807.24
Service Crew 3 338.74 26.00 8,807.24
Cashier 1 344.21 26.00 8,949.46
Cashier 2 26.00 -
Total 2,059.77 53,554.02

2021 Employees Daily rate No days working Monthly rate

Manager / Owner 393.92 26.00 10,241.92
Chef 360.16 26.00 9,364.16
Chef 2 360.16 26.00 9,364.16
Service Crew 1 348.90 26.00 9,071.40
Service Crew 2 348.90 26.00 9,071.40
Service Crew 3 348.90 26.00 9,071.40
Cashier 1 354.54 26.00 9,217.91
Cashier 2 26.00 -
Total 2,121.56 55,160.43
Annual rate 13th Month Pay
109,200.00 9,100.00
99,840.00 8,320.00
99,840.00 8,320.00
96,720.00 8,060.00
96,720.00 8,060.00
96,720.00 8,060.00
98,280.00 8,190.00
- -
588,120.00 49,010.00 LINKED

Annual rate 13th Month Pay

109,200.00 9,100.00
102,835.20 8,569.60
102,835.20 8,569.60
99,621.60 8,301.80
99,621.60 8,301.80
99,621.60 8,301.80
101,228.40 8,435.70
- -
605,763.60 50,480.30 LINKED

Annual rate 13th Month Pay

115,848.72 9,654.06
105,917.76 8,826.48
105,917.76 8,826.48
102,607.44 8,550.62
102,607.44 8,550.62
102,607.44 8,550.62
104,264.16 8,688.68
- -
623,922.00 51,993.50 LINKED
Annual rate 13th Month Pay
119,324.40 9,943.70
109,097.04 9,091.42
109,097.04 9,091.42
105,686.88 8,807.24
105,686.88 8,807.24
105,686.88 8,807.24
107,393.52 8,949.46
- -
642,648.24 53,554.02 LINKED

Annual rate 13th Month Pay

122,903.04 10,241.92
112,369.92 9,364.16
112,369.92 9,364.16
108,856.80 9,071.40
108,856.80 9,071.40
108,856.80 9,071.40
110,614.92 9,217.91
- -
661,925.16 55,160.43 LINKED
 Schedule 7
Schedule of SSS and Philhealth

YEAR 1
Employer
Personnel Daily Rate Monthly Rate
SSS
Manager 350.00 9,100.00 663.00
Chef 1 320.00 8,320.00 626.20
Chef 2 320.00 8,320.00 626.20
Service Crew 1 310.00 8,060.00 589.30
Service Crew 2 310.00 8,060.00 589.30
Service Crew 3 310.00 8,060.00 589.30
Cashier 1 315.00 8,190.00 589.30

49,010.00 3,609.60

YEAR 2
Employer
Personnel Daily Rate Monthly Rate
SSS
Manager 360.5 9,373.00 699.80
Chef 1 329.6 8,569.60 626.20
Chef 2 329.6 8,569.60 626.20
Service Crew 1 319.3 8,301.80 626.20
Service Crew 2 319.3 8,301.80 626.20
Service Crew 3 319.3 8,301.80 626.20
Cashier 1 324.45 8,435.70 626.20

50,480.30 3,757.20

YEAR 3
Employer
Personnel Daily Rate Monthly Rate
SSS
Manager 371.31 9,654.06 699.80
Chef 1 339.48 8,826.48 663.00
 Chef 2 339.48 8,826.48 663.00
Service Crew 1 328.87 8,550.62 626.20
Service Crew 2 328.87 8,550.62 626.20
Service Crew 3 328.87 8,550.62 626.20
Cashier 1 334.18 8,688.68 626.20

51,993.50 3,830.80

YEAR 4
Employer
Personnel Daily Rate Monthly Rate
SSS
Manager 382.45 9,943.70 736.70
Chef 1 349.67 9,091.42 663.00
Chef 2 349.67 9,091.42 663.00
Service Crew 1 338.74 8,807.24 663.00
Service Crew 2 338.74 8,807.24 663.00
Service Crew 3 338.74 8,807.24 663.00
Cashier 1 344.21 8,949.46 663.00

53,554.02 3,978.00

YEAR 5
Employer
Personnel Daily Rate Monthly Rate
SSS
Manager 393.92 10,241.92 736.00
Chef 1 360.16 9,364.16 699.80
Chef 2 360.16 9,364.16 699.80
Service Crew 1 348.9 9,071.40 663.00
Service Crew 2 348.9 9,071.40 663.00
Service Crew 3 348.9 9,071.40 663.00
Cashier 1 354.53 9,217.78 663.00

55,160.30 4,051.60
ule 7
and Philhealth

Total
Employer Employer
Total Monthly Contribution
NO. of months
Annual Rate
Philhealth Pag-ibig Fund Contributi
112.50 182.00 on
957.50 1,579.00 12.00 18,948.00
100.00 166.40 892.60 892.60 12.00 10,711.20
100.00 166.40 892.60 892.60 12.00 10,711.20
100.00 161.20 850.50 850.50 12.00 10,206.00
100.00 161.20 850.50 850.50 12.00 10,206.00
100.00 161.20 850.50 850.50 12.00 10,206.00
100.00 163.80 853.10 853.10 12.00 10,237.20

600.00 980.20 5,189.80 5,189.80 62,277.60

4,209.60 62,277.60
50,515.20
Total
Employer Employer
Total Monthly Contribution
NO. of months
Annual Rate
Philhealth Pag-ibig Fund Contributi
112.50 187.46 on
999.76 1,644.92 12.00 19,739.04
100.00 171.39 897.59 897.59 12.00 10,771.10
100.00 171.39 897.59 897.59 12.00 10,771.10
100.00 166.04 892.24 892.24 12.00 10,706.83
100.00 166.04 892.24 892.24 12.00 10,706.83
100.00 166.04 892.24 892.24 12.00 10,706.83
100.00 168.71 894.91 894.91 12.00 10,738.97

600.00 1,009.61 5,366.81 5,366.81 64,401.67

64,401.67

Total
Employer Employer
Total Monthly Contribution
NO. of months
Annual Rate
Philhealth Pag-ibig Fund Contributi
112.50 193.08 on
1,005.38 1,656.16 12.00 19,873.95
100.00 176.53 939.53 939.53 12.00 11,274.36
 100.00 176.53 939.53 939.53 12.00 11,274.36
100.00 171.01 897.21 897.21 12.00 10,766.55
100.00 171.01 897.21 897.21 12.00 10,766.55
100.00 171.01 897.21 897.21 12.00 10,766.55
100.00 173.77 899.97 899.97 12.00 10,799.68

600.00 1,039.87 5,470.67 5,470.67 65,648.04

4,430.80 65,648.04
53,169.60
Total
Employer Employer
Total Monthly Contribution
NO. of months
Annual Rate
Philhealth Pag-ibig Fund Contributi
112.50 198.87 on
1,048.07 1,722.75 12.00 20,672.98
112.50 181.83 957.33 957.33 12.00 11,487.94
112.50 181.83 957.33 957.33 12.00 11,487.94
100.00 176.14 939.14 939.14 12.00 11,269.74
100.00 176.14 939.14 939.14 12.00 11,269.74
100.00 176.14 939.14 939.14 12.00 11,269.74
100.00 178.99 941.99 941.99 12.00 11,303.87

625.00 1,071.08 5,674.08 5,674.08 68,088.96

68,088.96

Total
Employer Employer
Total Monthly Contribution
NO. of months
Annual Rate
Philhealth Pag-ibig Fund Contributio
125.00 204.84 n
1,065.84 1,758.98 12.00 21,107.72
112.50 187.28 999.58 999.58 12.00 11,995.00
112.50 187.28 999.58 999.58 12.00 11,995.00
112.50 181.43 956.93 956.93 12.00 11,483.14
112.50 181.43 956.93 956.93 12.00 11,483.14
112.50 181.43 956.93 956.93 12.00 11,483.14
112.50 184.36 959.86 959.86 12.00 11,518.27

675.00 1,103.21 5,829.81 5,829.81 69,957.67

69,957.67
LINKED

LINKED
LINKED

LINKED

LINKED