TDEAU'S TRANSPORTATION SERVICES

Proprietor: TDEAU JIGS ROBERTO FERNANDEZ

BALANCE SHEET
as of DECEMBER 31, 2015

ASSETS

Notes 2014 2015

CURRENT ASSETS
Cash 103,670.00 135,932.00
Accounts Receivable 43,098.00 35,987.00
Other Assets 8,675.00 30,885.00
TOTAL CURRENT ASSETS ₱ 155,443.00 202,804.00

NON-CURRENT ASSETS
Net - Property and Equipment 1,716,000.00 1,501,500.00
TOTAL NON - CURRENT ASSETS ₱ 1,716,000.00 1,501,500.00

TOTAL ASSETS ₱ 1,871,443.00 1,704,304.00

LIABILITIES AND PROPRIETOR'S EQUITY

CURRENT LIABILITIES
Accrued Expenses 12,567.00 15,203.00
Interest Payable 8,974.00 6,275.00
Income Tax Payable 2,988.00 3,415.00
TOTAL CURRENT LIABILITIES ₱ 24,529.00 24,893.00

NON-CURRENT LIABILITIES
Loan Payable 1,287,533.00 1,087,345.00
TOTAL NON-CURRENT LIABILITIES ₱ 1,287,533.00 1,087,345.00

OWNER'S EQUITY
Fernandez, Capital 559,381.00 592,066.00
TOTAL OWNER'S EQUITY ₱ 559,381.00 592,066.00

TOTAL LIABILITIES & OWNER'S EQUITY ₱ 1,871,443.00 1,704,304.00

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 TDEAU'S TRANSPORTATION SERVICES
Proprietor: TDEAU JIGS ROBERTO FERNANDEZ
INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2015

Notes 2014 2015

OPERATING REVENUES
Gross Receipts 660,896.00 595,138.00
TOTAL OPERATING REVENUES ₱ 660,896.00 ₱ 595,138.00

OPERATING EXPENSES
Salaries and Wages 97,890.00 86,263.74
Depreciation 214,500.00 214,500.00
Supplies expenses 3,297.00 2,905.42
Communication expenses 16,976.00 14,959.78
Taxes and licenses 30,896.00 12,849.00
Light & water 25,987.00 22,900.56
Transportation and Travelling expenses 32,097.00 28,284.88
Fuel and lubricants 120,789.00 106,443.05
Interest Expenses 15,987.00 14,088.25
Miscellaneous 19,225.00 5,843.32
TOTAL OPERATING EXPENSES ₱ 577,644.00 ₱ 509,038.00

INCOME BEFORE INCOME TAX 83,252.00 86,100.00

INCOME TAX EXPENSE 2,988.00 3,415.00
NET PROFIT ₱ 80,264.00 ₱ 82,685.00
 TDEAU'S TRANSPORTATION SERVICES
Proprietor: TDEAU JIGS ROBERTO FERNANDEZ
STATEMENT OF CHANGES IN EQUITY
as of DECEMBER 2015

Balances as of December 31, 2013 ₱ 529,117.00

Net Profit - 2014 80,264.00
Personal Withdrawal 50,000.00
Balances as of December 31, 2014 ₱ 559,381.00
Net Profit - 2015 82,685.00
Personal Withdrawal 50,000.00
Balances as of December 31, 2015 ₱ 592,066.00
 SANTY'S FUNERAL SERVICES
Proprietor: SYLVIA CORPUZ AUSTRIA
TIN: 404-723-440-000
STATEMENT OF CASH FLOWS
as of DECEMBER 2015

2014 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net profit for the year ₱ 80,264.00 ₱ 86,100.00
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation 214,500.00 214,500.00
Changes in operating assets and liabilities
Accounts receiivable 12,360.00 7,111.00
Other Assets (1,351.00) (22,210.00)
Accrued Expenses (3,790.00) 2,636.00
Interest payable (1,393.00) (2,699.00)
₱ 300,792.00 ₱ 285,438.00
CASH FLOW FROM INVESTING ACTIVIES
Acquisition of property, plant and equipment - -
₱ - ₱ -
CASH FLOW FROM FINANCING ACTIVITIES
Initial Investment - -
Loan Payable
Withdrawal (50,000.00) (50,000.00)
Payment of Loan (244,967.00) (200,188.00)
₱ (294,967.00) ₱ (250,188.00)

NET INCREASE(DECREASE) IN CASH 5,825.00 32,262.00

CASH BALANCE, BEGINNING 97,845.00 103,670.00
CASH BALANCE, END ₱ 103,670.00 ₱ 135,932.00
Delivery Trucks 1,370,000.00 137,000.00
Transportation Equipments 650,000.00 65,000.00
Office furniture,Fixture and Equipment 125,000.00 12,500.00
2,145,000.00 214,500.00 1,930,500.00 1,716,000.00

TAX DUE 2,785.50 285.5 1903.3333333 31903.333333

TNI 31,903.33 1,903.33 285.50 2,785.50
PERSONAL EXEMPTION 50,000.00
NI 81,903.33
OPEX 483,881.67 269,381.67
SALES 565,785.00 0.14476052446

TAX DUE 3,415.00 915 6100 36100

TNI 36,100.00 6,100.00 915.00 3,415.00
PERSONAL EXEMPTION 50,000.00
NI 86,100.00
OPEX 509,038.00
SALES 595,138.00
 25,674.00
22,500.00
3,174.00
12,696.00
140,000.00 99,000.00
TNI 152,696.00 402,500.00
EXEMP 50,000.00 287,500.00
NI 202,696.00 202,696.00 218,500.00
OPEX 1,517,194.00 245,000.00
GP 1,719,890.00 333,500.00
COP 2,184,673.00 467,100.00
SALES 3,904,563.00 3,785,600.00 359,000.00
313,500.00
194,000.00
388,000.00
478,000.00
3,785,600.00 113,568.00
TAXES AND LICENSES 129,241.00
SALARIES 632,280.00
INTEREST 420,000.00
1,181,521.00