Appendix 10

Sales Forecast

EALA INC.
SALES FORECAST (YEAR 1-10)
YEAR Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
Expected Sales (in units) 4,928 5,187 5,454 5,730 6,014 6,306 6,608 6,919 7,239 7,568
Estimated Percentage of items sold (at regular price) 95% 95% 95% 95% 95% 95% 95% 95% 95% 95%
Sold units (at regular price) 4,681 4,928 5,181 5,444 5,713 5,991 6,278 6,573 6,877 7,190
Average Selling Price 800 800 800 800 800 900 900 900 900 900
Revenue From regular Sales 3,745,128.00 3,942,059.20 4,145,100.80 4,354,891.20 4,570,579.20 5,391,886.50 5,649,976.80 5,915,745.00 6,189,345.00 6,470,930.70
Unsold Items from Previous year 0 2 0 3 0 3 0 3 1 3
Units Available for Discount Sale (50% discount) 246 262 273 289 301 318 331 349 363 381
Percentage sold (at discount price) 99% 99% 99% 99% 99% 99% 99% 99% 99% 99%
Sold units (at discount price) 244 259 270 286 298 315 328 345 359 378
Selling Price (at discount) 400 400 400 400 400 450 450 450 450 450
Revenue From Discounted Sales 97,570 103,677 108,052 114,476 119,201 141,673 147,413 155,378 161,545 169,904
Total Sales (in units) 4,925 5,187 5,452 5,730 6,011 6,306 6,605 6,918 7,236 7,567
Total Sales (in peso) 3,842,698.44 4,045,735.92 4,253,152.65 4,469,367.03 4,689,780.12 5,533,559.38 5,797,390.25 6,071,123.18 6,350,890.06 6,640,834.59

28,808.68
 Appendix 1
Pro-forma Income Statement

EALA INC
Pro-forma Income Statement
For the period from Year 1 to Year 10
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6

Gross Sales Revenue 6,004,216.31 6,117,930.83 6,230,736.30 6,348,653.06 6,465,799.65 7,905,694.65

VAT Output Tax (12%) 720,505.96 734,151.70 747,688.36 761,838.37 775,895.96 948,683.36

Net Sales Revenue 5,283,710.36 5,383,779.13 5,483,047.95 5,586,814.69 5,689,903.69 6,957,011.29

Cost of Sales 46,186.28 47,061.01 47,928.74 48,835.79 49,736.92 81,084.05

Gross Income 5,237,524.08 5,336,718.13 5,435,119.20 5,537,978.90 5,640,166.77 6,875,927.24

Less: Operating Expenses

Advertising Expense 110,500.00 30,000.00 30,000.00 110,500.00 30,000.00 100,500.00
Washing Expenses 180,000.00 180,000.00 180,000.00 180,000.00 180,000.00 180,000.00
Depreciation Expense 102,293.90 102,293.90 102,293.90 102,293.90 102,293.90 102,993.90
Repairs & Maintainance - 35,000.00 35,000.00 35,000.00 35,000.00 35,000.00
Rent Expense 150,000.00 161,250.00 173,343.75 186,344.53 200,320.37 215,344.40
Salaries and Wages 2,760,000.00 2,760,000.00 2,842,800.00 2,842,800.00 2,928,084.00 2,928,084.00
SSS Contribution 90,985.20 90,985.20 91,348.80 91,348.80 93,530.40 93,630.40
Phil Health/Medicare 19,950.00 19,950.00 19,950.00 19,950.00 19,950.00 19,950.00
Employee Benefits ( 13th Month Pay) 230,000.00 140,000.00 236,900.00 144,200.00 244,007.00 244,007.00
Utilities Expense (electricity, water, gasoline, telephone) 187,080.00 190,821.60 194,638.03 198,530.79 202,501.41 206,551.44
Supplies Expense 16,911.90 14,546.90 14,546.90 14,546.90 14,546.90 14,546.90
Miscellaneous Expense ( Business Permit,etc) 7,472.00 7,472.00 7,472.00 7,472.00 7,472.00 7,472.00
Insurance Expense 22,500.00 22,500.00 22,500.00 22,500.00 22,500.00 22,500.00
Total Operating Expenses 3,877,693.00 3,754,819.60 3,950,793.38 3,955,486.92 4,080,205.98 4,170,580.04

Operating Income 1,359,831.08 1,581,898.53 1,484,325.82 1,582,491.97 1,559,960.79 2,705,347.21

Less: Interest Expense (16%) 245,428.07 241,358.86 237,492.13 253,198.72 249,593.73

Earnings before Tax 1,114,403.01 1,340,539.67 1,246,833.69 1,329,293.26 1,310,367.07 2,705,347.21

Less: Income Tax (32%) 356,608.96 428,972.69 398,986.78 425,373.84 419,317.46 865,711.11

Net Income 757,794.04 911,566.97 847,846.91 903,919.41 891,049.60 1,839,636.10

Pro Forma Income Statement

Page 2 of 41
 Appendix 1
Pro-forma Income Statement

Year 7 Year 8 Year 9 Year 10

8,051,674.35 8,203,843.88 8,355,429.18 8,513,240.16

966,200.92 984,461.27 1,002,651.50 1,021,588.82

7,085,473.43 7,219,382.62 7,352,777.68 7,491,651.34

82,581.28 84,141.99 85,696.71 87,315.28

7,002,892.15 7,135,240.63 7,267,080.97 7,404,336.06

30,000.00 30,000.00 30,000.00 30,000.00

180,000.00 180,000.00 180,000.00 180,000.00
102,993.90 102,993.90 102,993.90 102,993.90
35,000.00 35,000.00 35,000.00 35,000.00
231,495.23 248,857.37 267,521.67 287,585.80
3,015,926.52 3,015,926.52 3,106,404.32 3,106,404.32
93,895.20 99,475.20 95,080.40 102,024.00
20,550.00 20,550.00 20,700.00 20,700.00
251,327.21 251,327.21 258,867.03 258,867.03
210,682.47 214,896.11 219,194.04 223,577.92
14,546.90 14,546.90 14,546.90 14,546.90
7,472.00 7,472.00 7,472.00 7,472.00
22,500.00 22,500.00 22,500.00 22,500.00
4,216,389.42 4,243,545.22 4,360,280.26 4,391,671.86

2,786,502.73 2,891,695.41 2,906,800.71 3,012,664.19

- - - -

2,786,502.73 2,891,695.41 2,906,800.71 3,012,664.19

891,680.87 925,342.53 930,176.23 964,052.54

1,894,821.86 1,966,352.88 1,976,624.49 2,048,611.65

Pro Forma Income Statement

Page 3 of 41
 Appendix 1
Pro-forma Income Statement

137029.41

Pro Forma Income Statement

Page 4 of 41
 Appendix 4
Retained Earnings Schedule

EALA INC.
Pro-forma Statement of Retained Earnings
For the period from Year 1 to Year 10
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

Retained Earnings - Beginning - 757,794.04 1,669,361.02 2,517,207.93 3,421,127.34 4,312,176.95 5,651,813.05 7,046,634.90 8,512,987.78 9,989,612.27

Less:
Net Income for the Year 757,794.04 911,566.97 847,846.91 903,919.41 891,049.60 1,839,636.10 1,894,821.86 1,966,352.88 1,976,624.49 2,048,611.65
Dividends Declared During the Year - - - - - 500,000.00 500,000.00 500,000.00 500,000.00 500,000.00

Retained Earnings - Ending 757,794.04 1,669,361.02 2,517,207.93 3,421,127.34 4,312,176.95 5,651,813.05 7,046,634.90 8,512,987.78 9,989,612.27 11,538,223.92
 Appendix 4
Retained Earnings Schedule
 Appendix 4
Retained Earnings Schedule

137029.41
 Appendix 3
Statement of Cash Flows

EALA INC.
Pro-forma Statement of Cash Flows
For the period from Year 1 to Year 5
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6

Cash Flows from Operating Activities

Net Income 757,794.04 911,566.97 847,846.91 903,919.41 891,049.60 1,839,636.10
Increase (Decrease) in Depreciation - Fixed Assets (72,131.00) (72,131.00) (57,131.00) (72,131.00) (57,131.00) 15,369.00
Increase (Decrease) in Depreciation - Leasehold Improvements (30,862.90) (30,862.90) (30,862.90) (30,862.90) (30,862.90) (30,862.90)
Increase (Decrease) in Supplies On Hand (12,382.70) (423.54) - - - -
Increase (Decrease) in Prepaid Expense (75,000.00) - - - - -
Increase (Decrease) in Interest Payable 27,855.10 - (27,855.10) - - (27,935.50)
Increase (Decrease) in Insurance Payable 22,500.00 - - - - -
Increase (Decrease) in VAT Output Tax Payable 720,505.96 13,645.74 13,536.66 14,150.01 14,057.59 172,787.40
Increase (Decrease) in Income Tax Payable 365,522.59 59,691.73 (26,227.54) 26,387.06 (6,056.38) 446,393.65
Net Cash Provided by Operating Activities 1,878,566.49 882,334.09 719,307.02 841,462.59 811,056.91 2,415,387.75

Cash Flows from Investing and Financing Activities

Acquisition of Office Assets - - - - - (72,000.00)
Acquisition of Store Assets - - (15,000.00) - (15,000.00) (15,500.00)
Increase (Decrease) in Long-term Loan - (198,965.00) - -
Dividends Paid - - - - - (500,000.00)
Net Cash Provided by Investing and Financing Activities - - (213,965.00) - (15,000.00) (587,500.00)

Increase (Decrease) in Cash 1,878,566.49 882,334.09 505,342.02 841,462.59 796,056.91 1,827,887.75

Add: Cash - Beginning 934,729.10 2,813,295.59 3,695,629.68 4,200,971.71 5,042,434.29 5,838,491.21

Cash Balance - End 2,813,295.59 3,695,629.68 4,200,971.71 5,042,434.29 5,838,491.21 7,666,378.95

4874716.13 5,757,050.22 6,262,392.24 7,103,854.83 7,899,911.74

 Appendix 3
Statement of Cash Flows

Year 7 Year 8 Year 9 Year 10

1,894,821.86 1,966,352.88 1,976,624.49 2,048,611.65

(57,131.00) (72,131.00) (57,131.00) (72,131.00)
(30,862.90) (30,862.90) (30,862.90) (30,862.90)
- - - -
- - - -
- - - -
- - - -
17,517.56 18,260.34 18,190.24 18,937.32
25,969.77 33,661.66 4,833.70 33,876.31
1,850,315.29 1,915,280.98 1,911,654.52 1,998,431.38 -

- - - -
(15,000.00) - (15,000.00) -
-
(500,000.00) (500,000.00) (500,000.00) (500,000.00)
(515,000.00) (500,000.00) (515,000.00) (500,000.00)

1,335,315.29 1,415,280.98 1,396,654.52 1,498,431.38

7,666,378.95 9,001,694.24 10,416,975.22 11,813,629.74

9,001,694.24 10,416,975.22 11,813,629.74 13,312,061.12 73,801,561.76

 Appendix 3
Statement of Cash Flows
 APPENDIX 2
PRO-FORMA BALANCE SHEET

EALA INC.
Pro-forma Balance Sheet
As of December 31, Year 0 to Year 10

Y E A R
0 1 2 3 4 5 6 7

ASSETS
Currents Assets
Cash 934,729.10 2,813,295.59 3,695,629.68 4,200,971.71 5,042,434.29 5,838,491.21 7,666,378.95 9,001,694.24
Inventory ( Raw Materials) 39,885.00 39,885.00 39,885.00 39,885.00 39,885.00 39,885.00 39,885.00 39,885.00
Supplies on Hand 16,911.90 4,529.20 4,105.66 4,105.66 4,105.66 4,105.66 4,105.66 4,105.66
Prepaid Rent 75,000.00 - - - - -
Total Current Assets 1,066,526.00 2,857,709.79 3,739,620.34 4,244,962.36 5,086,424.95 5,882,481.86 7,710,369.61 9,045,684.90

Fixed Assets
Office Assets 109,200.00 109,200.00 109,200.00 109,200.00 109,200.00 109,200.00 109,200.00 109,200.00
Store Assets 464,610.00 464,610.00 464,610.00 464,610.00 464,610.00 464,610.00 464,610.00 464,610.00
Total Fixed Assets 573,810.00 573,810.00 573,810.00 573,810.00 573,810.00 573,810.00 573,810.00 573,810.00
Less: Accumulated Depreciation - 72,131.00 144,262.00 201,393.00 273,524.00 330,655.00 315,286.00 372,417.00
Total Fixed Assets 573,810.00 501,679.00 429,548.00 372,417.00 300,286.00 243,155.00 258,524.00 201,393.00

Intangibles (30,862.90) (30,862.90) (30,862.90) (30,862.90) (30,862.90) (30,862.90) (30,862.90)

Leasehold Improvement 308,629.00 308,629.00 308,629.00 308,629.00 308,629.00 308,629.00 308,629.00 308,629.00
Less: Accumulated Depreciation (10%) - 30,862.90 61,725.80 92,588.70 123,451.60 154,314.50 185,177.40 216,040.30
Total Intangibles 308,629.00 277,766.10 246,903.20 216,040.30 185,177.40 154,314.50 123,451.60 92,588.70

TOTAL ASSETS 1,948,965.00 3,637,154.89 4,416,071.54 4,833,419.66 5,571,888.35 6,279,951.36 8,092,345.21 9,339,666.60

LIABILITIES AND STOCKHOLDER'S EQUITY

Current Liabilities
Interest Payable - 245,428.07 241,358.86 237,492.13 253,198.72 249,593.73 - -
Insurance Payable - 22,500.00 22,500.00 22,500.00 22,500.00 22,500.00 22,500.00 22,500.00
VAT Output Tax Payable - 720,505.96 734,151.70 747,688.36 761,838.37 775,895.96 948,683.36 966,200.92
Income Tax Payable - 356,608.96 428,972.69 398,986.78 425,373.84 419,317.46 865,711.11 891,680.87
Dividends Payable 500,000.00 500,000.00
Total Current Liabilities - 1,345,042.99 1,426,983.25 1,406,667.27 1,462,910.92 1,467,307.15 2,336,894.46 2,380,381.80

Long-term Liabilities
Long-term loan 198,965.00 198,965.00 198,965.00 - - - - -

TOTAL LIABILITIES 198,965.00 1,544,007.99 1,625,948.25 1,406,667.27 1,462,910.92 1,467,307.15 2,336,894.46 2,380,381.80

Stockholder's Equity
Capital Stock (P10 par value) 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00
Retained Earnings - 757,794.04 1,669,361.02 2,517,207.93 3,421,127.34 4,312,176.95 5,651,813.05 7,046,634.90

TOTAL STOCKHOLDER'S EQUITY 2,000,000.00 2,757,794.04 3,669,361.02 4,517,207.93 5,421,127.34 6,312,176.95 7,651,813.05 9,046,634.90

TOTAL LIABILITIES AND STOCKHOLDERS EQUITY 2,198,965.00 4,301,802.03 5,295,309.27 5,923,875.20 6,884,038.27 7,779,484.09 9,988,707.51 11,427,016.70

250,000.00 664,647.14 879,237.73 1,090,455.53 1,312,149.92 1,499,532.73 1,896,362.30 2,087,350.10

 APPENDIX 2
PRO-FORMA BALANCE SHEET

Y E A R
8 9 10

10,416,975.22 11,813,629.74 13,312,061.12

39,885.00 39,885.00 39,885.00
4,105.66 4,105.66 4,105.66

10,460,965.88 11,857,620.40 13,356,051.78

109,200.00 109,200.00 109,200.00

464,610.00 464,610.00 464,610.00
573,810.00 573,810.00 573,810.00
444,548.00 501,679.00 573,810.00
129,262.00 72,131.00 -

(30,862.90) (30,862.90) (30,862.90)

308,629.00 308,629.00 308,629.00
246,903.20 277,766.10 308,629.00
61,725.80 30,862.90 -

10,651,953.68 11,960,614.30 13,356,051.78

- - -
22,500.00 22,500.00 22,500.00
984,461.27 1,002,651.50 1,021,588.82
925,342.53 930,176.23 964,052.54
500,000.00 500,000.00 500,000.00
2,432,303.80 2,455,327.73 2,508,141.36

- - -

2,432,303.80 2,455,327.73 2,508,141.36

2,000,000.00 2,000,000.00 2,000,000.00

8,512,987.78 9,989,612.27 11,538,223.92

10,512,987.78 11,989,612.27 13,538,223.92

12,945,291.58 14,444,940.00 16,046,365.28

2,293,337.90 2,484,325.70 2,690,313.50

 Appendix 4
Schedule of Depreciation of Fixed Assets

EALA INC.
Schedule of Depreciation of Fixed Assets
Years 1-5
Year 1 Year 2 Year 3 Year 4
Cost Useful Life Dep'n Expense Accu. Dep'n Carrying Value Dep'n Expense Accu. Dep'n Carrying Value Dep'n Expense Accu. Dep'n Carrying Value Dep'n Expense Accu. Dep'n
Fixed Assets
Office Assets 109,200
Equipment
4 in 1 machine 12,000 5 2,400.00 2,400.00 9,600.00 2,400.00 4,800.00 7,200.00 2,400.00 7,200.00 4,800.00 2,400.00 9,600.00
Computer Set 60000 5 12,000.00 12,000.00 48,000.00 12,000.00 24,000.00 36,000.00 12,000.00 36,000.00 24,000.00 12,000.00 48,000.00
Furniture and Fixtures
Cabinets 2500 10 250.00 250.00 2,250.00 250.00 500.00 2,000.00 250.00 750.00 1,750.00 250.00 1,000.00
chairs and table 29000 10 2,900.00 2,900.00 26,100.00 2,900.00 5,800.00 23,200.00 2,900.00 8,700.00 20,300.00 2,900.00 11,600.00
sofa 4000 10 400.00 400.00 3,600.00 400.00 800.00 3,200.00 400.00 1,200.00 2,800.00 400.00 1,600.00
fire extinguisher 1700 10 170.00 170.00 1,530.00 170.00 340.00 1,360.00 170.00 510.00 1,190.00 170.00 680.00
Store Assets 464,610
Equipment
sewing machine 30,000 10 3,000.00 3,000.00 27,000.00 3,000.00 6,000.00 24,000.00 3,000.00 9,000.00 21,000.00 3,000.00 12,000.00
edging machines 15000 10 1,500.00 1,500.00 13,500.00 1,500.00 3,000.00 12,000.00 1,500.00 4,500.00 10,500.00 1,500.00 6,000.00
buttonholers 5000 10 500.00 500.00 4,500.00 500.00 1,000.00 4,000.00 500.00 1,500.00 3,500.00 500.00 2,000.00
jeans software 20000 10 2,000.00 2,000.00 18,000.00 2,000.00 4,000.00 16,000.00 2,000.00 6,000.00 14,000.00 2,000.00 8,000.00
computer set 30000 10 3,000.00 3,000.00 27,000.00 3,000.00 6,000.00 24,000.00 3,000.00 9,000.00 21,000.00 3,000.00 12,000.00
chairs and worktables 5710 10 571.00 571.00 5,139.00 571.00 1,142.00 4,568.00 571.00 1,713.00 3,997.00 571.00 2,284.00
phone 2000 5 400.00 400.00 1,600.00 400.00 800.00 1,200.00 400.00 1,200.00 800.00 400.00 1,600.00
safety deposit box 1700 10 170.00 170.00 1,530.00 170.00 340.00 1,360.00 170.00 510.00 1,190.00 170.00 680.00
Furnitures and Fixtures
display materials 15000 2 7,500.00 7,500.00 7,500.00 7,500.00 15,000.00 - 7,500.00 7,500.00 7,500.00 7,500.00 15,000.00
2-seater sofa 6000 5 1,200.00 1,200.00 4,800.00 1,200.00 2,400.00 3,600.00 1,200.00 3,600.00 2,400.00 1,200.00 4,800.00
chair 2000 5 400.00 400.00 1,600.00 400.00 800.00 1,200.00 400.00 1,200.00 800.00 400.00 1,600.00
centertable 4000 5 800.00 800.00 3,200.00 800.00 1,600.00 2,400.00 800.00 2,400.00 1,600.00 800.00 3,200.00
floorlamp 1500 5 300.00 300.00 1,200.00 300.00 600.00 900.00 300.00 900.00 600.00 300.00 1,200.00
lighting system 8000 10 800.00 800.00 7,200.00 800.00 1,600.00 6,400.00 800.00 2,400.00 5,600.00 800.00 3,200.00
fire extinguisher 1700 10 170.00 170.00 1,530.00 170.00 340.00 1,360.00 170.00 510.00 1,190.00 170.00 680.00
airconditioning unit 17000 10 1,700.00 1,700.00 15,300.00 1,700.00 3,400.00 13,600.00 1,700.00 5,100.00 11,900.00 1,700.00 6,800.00
Vehicle 300000 10 30,000.00 30,000.00 270,000.00 30,000.00 60,000.00 240,000.00 30,000.00 90,000.00 210,000.00 30,000.00 120,000.00
Total Accumulated Depreciation-Fixed Assets 72,131.00 144,262.00 201,393.00 273,524.00
Total Depreciation Expense 72,131.00 72,131.00 72,131.00 72,131.00
Intangibles 308629
Leasehold Improvements (office) 15000 10 1,500.00 1,500.00 13,500.00 1,500.00 3,000.00 12,000.00 1,500.00 4,500.00 10,500.00 1,500.00 6,000.00
Leasehold Improvements (store) 293629 10 29,362.90 29,362.90 264,266.10 29,362.90 58,725.80 234,903.20 29,362.90 88,088.70 205,540.30 29,362.90 117,451.60
Total Accumulated Depreciation-Intangibles 30,862.90 61,725.80 92,588.70
Total Depreciation Expense- Intangibles 30,862.90 30,862.90 30,862.90

TOTAL ACCUMULATED DEPRECIATION 102,993.90 205,987.80 293,981.70

TOTAL DEPRECIATION EXPENSE 102,993.90 102,993.90 102,993.90

72,131.00 144,262.00 201,393.00 273,524.00 330,655.00 315,286.00 372,417.00 444,548.00 501,679.00 573,810.00
 Appendix 4
Schedule of Depreciation of Fixed Assets

Year 5
Carrying ValueDep'n Expense Accu, Dep'n Carrying Value

2,400.00 2,400.00 12,000.00 Err:522

12,000.00 12,000.00 60,000.00 Err:522

1,500.00 250.00 1,250.00 1,250.00

17,400.00 2,900.00 14,500.00 14,500.00
2,400.00 400.00 2,000.00 2,000.00
1,020.00 170.00 850.00 850.00

18,000.00 3,000.00 15,000.00 15,000.00

9,000.00 1,500.00 7,500.00 7,500.00
3,000.00 500.00 2,500.00 2,500.00
12,000.00 2,000.00 10,000.00 10,000.00
18,000.00 3,000.00 15,000.00 15,000.00
3,426.00 571.00 2,855.00 2,855.00
400.00 400.00 2,000.00 -
1,020.00 170.00 850.00 850.00

- 7,500.00 7,500.00 7,500.00

1,200.00 1,200.00 6,000.00 -
400.00 400.00 2,000.00 -
800.00 800.00 4,000.00 -
300.00 300.00 1,500.00 -
4,800.00 800.00 4,000.00 4,000.00
1,020.00 170.00 850.00 850.00
10,200.00 1,700.00 8,500.00 8,500.00
180,000.00 30,000.00 150,000.00 150,000.00
273,524.00 330,655.00
72,131.00 72,131.00

9,000.00 1,500.00 7,500.00 7,500.00

176,177.40 29,362.90 146,814.50 146,814.50
123,451.60 154,314.50
30,862.90 30,862.90

396,975.60 484,969.50
102,993.90 102,993.90
 Appendix 4
Schedule of Depreciation of Fixed Assets

EALA Inc.
Schedule of Depreciation of Fixed Assets
Years 6- 10
Year 6 Year 7 Year 8 Year 9
Cost Useful Life Dep'n Expense Accu. Dep'n Carrying Value Dep'n Expense Accu. Dep'n Carrying ValueDep'n Expense Accu. Dep'n Carrying ValueDep'n Expense Accu. Dep'n Carrying Value
Fixed Assets
Office Assets
Equipment
4 in 1 machine 12,000 5 2,400.00 2,400.00 9,600.00 2,400.00 4,800.00 7,200.00 2,400.00 7,200.00 4,800.00 2,400.00 9,600.00 2,400.00
Computer Set 60000 5 12,000.00 12,000.00 48,000.00 12,000.00 24,000.00 36,000.00 12,000.00 36,000.00 24,000.00 12,000.00 48,000.00 12,000.00
Furniture and Fixtures
Cabinets 2500 10 250.00 1,500.00 1,000.00 250.00 1,750.00 750.00 250.00 2,000.00 500.00 250.00 2,250.00 250.00
chairs and table 29000 10 2,900.00 17,400.00 11,600.00 2,900.00 20,300.00 8,700.00 2,900.00 23,200.00 5,800.00 2,900.00 26,100.00 2,900.00
sofa 4000 10 400.00 2,400.00 1,600.00 400.00 2,800.00 1,200.00 400.00 3,200.00 800.00 400.00 3,600.00 400.00
fire extinguisher 1700 10 170.00 1,020.00 680.00 170.00 1,190.00 510.00 170.00 1,360.00 340.00 170.00 1,530.00 170.00
Store Assets
Equipment
sewing machine 30,000 10 3,000.00 18,000.00 12,000.00 3,000.00 21,000.00 9,000.00 3,000.00 24,000.00 6,000.00 3,000.00 27,000.00 3,000.00
edging machines 15000 10 1,500.00 9,000.00 6,000.00 1,500.00 10,500.00 4,500.00 1,500.00 12,000.00 3,000.00 1,500.00 13,500.00 1,500.00
buttonholers 5000 10 500.00 3,000.00 2,000.00 500.00 3,500.00 1,500.00 500.00 4,000.00 1,000.00 500.00 4,500.00 500.00
jeans software 20000 10 2,000.00 12,000.00 8,000.00 2,000.00 14,000.00 6,000.00 2,000.00 16,000.00 4,000.00 2,000.00 18,000.00 2,000.00
computer set 30000 10 3,000.00 18,000.00 12,000.00 3,000.00 21,000.00 9,000.00 3,000.00 24,000.00 6,000.00 3,000.00 27,000.00 3,000.00
chairs and worktables 5710 10 571.00 3,426.00 2,284.00 571.00 3,997.00 1,713.00 571.00 4,568.00 1,142.00 571.00 5,139.00 571.00
phone 2000 5 400.00 400.00 1,600.00 400.00 800.00 1,200.00 400.00 1,200.00 800.00 400.00 1,600.00 400.00
safety deposit box 1700 10 170.00 1,020.00 680.00 170.00 1,190.00 510.00 170.00 1,360.00 340.00 170.00 1,530.00 170.00
Furnitures and Fixtures
display materials 15000 2 7,500.00 15,000.00 - 7,500.00 7,500.00 7,500.00 7,500.00 15,000.00 - 7,500.00 7,500.00 7,500.00
2-seater sofa 6000 5 1,200.00 1,200.00 4,800.00 1,200.00 2,400.00 3,600.00 1,200.00 3,600.00 2,400.00 1,200.00 4,800.00 1,200.00
chair 2000 5 400.00 400.00 1,600.00 400.00 800.00 1,200.00 400.00 1,200.00 800.00 400.00 1,600.00 400.00
centertable 4000 5 800.00 800.00 3,200.00 800.00 1,600.00 2,400.00 800.00 2,400.00 1,600.00 800.00 3,200.00 800.00
floorlamp 1500 5 300.00 300.00 1,200.00 300.00 600.00 900.00 300.00 900.00 600.00 300.00 1,200.00 300.00
lighting system 8000 10 800.00 4,800.00 3,200.00 800.00 5,600.00 2,400.00 800.00 6,400.00 1,600.00 800.00 7,200.00 800.00
fire extinguisher 1700 10 170.00 1,020.00 680.00 170.00 1,190.00 510.00 170.00 1,360.00 340.00 170.00 1,530.00 170.00
airconditioning unit 17000 10 1,700.00 10,200.00 6,800.00 1,700.00 11,900.00 5,100.00 1,700.00 13,600.00 3,400.00 1,700.00 15,300.00 1,700.00
Vehicle 300000 10 30,000.00 180,000.00 120,000.00 30,000.00 210,000.00 90,000.00 30,000.00 240,000.00 60,000.00 30,000.00 270,000.00 30,000.00
Total Accumulated Depreciation-Fixed Assets 315,286.00 372,417.00 444,548.00 501,679.00
Total Depreciation Expense 72,131.00 72,131.00 72,131.00 72,131.00
Intangibles
Leasehold Improvements (office) 15000 10 1,500.00 9,000.00 6,000.00 1,500.00 10,500.00 4,500.00 1,500.00 12,000.00 3,000.00 1,500.00 13,500.00 1,500.00
Leasehold Improvements (store) 293629 10 29,362.90 176,177.40 117,451.60 29,362.90 205,540.30 88,088.70 29,362.90 234,903.20 58,725.80 29,362.90 264,266.10 29,362.90
Total Accumulated Depreciation-Intangibles 185,177.40 216,040.30 246,903.20 277,766.10
Total Depreciation Expense- Intangibles 30,862.90 30,862.90 30,862.90 30,862.90

TOTAL ACCUMULATED DEPRECIATION 500,463.40 588,457.30 691,451.20 779,445.10

TOTAL DEPRECIATION EXPENSE 102,993.90 102,993.90 102,993.90 102,993.90
 Appendix 4
Schedule of Depreciation of Fixed Assets

Year 10
Dep'n Expense Accu. Dep'n Carrying Value

2,400.00 12,000.00 -
12,000.00 60,000.00 -

250.00 2,500.00 -
2,900.00 29,000.00 -
400.00 4,000.00 -
170.00 1,700.00 -

3,000.00 30,000.00 -
1,500.00 15,000.00 -
500.00 5,000.00 -
2,000.00 20,000.00 -
3,000.00 30,000.00 -
571.00 5,710.00 -
400.00 2,000.00 -
170.00 1,700.00 -

7,500.00 15,000.00 -
1,200.00 6,000.00 -
400.00 2,000.00 -
800.00 4,000.00 -
300.00 1,500.00 -
800.00 8,000.00 -
170.00 1,700.00 -
1,700.00 17,000.00 -
30,000.00 300,000.00 -
573,810.00
72,131.00

1,500.00 15,000.00 -
29,362.90 293,629.00 -
308,629.00
30,862.90

882,439.00
102,993.90
 Appendix 11
Cost of Goods Sold Schedule

EALA INC.
COST OF GOODS SOLD SCHEDULE (YEARS 1-5)
1 2 3 4 5 6 7 8
total sales total cost total sales total cost total sales total cost total sales total cost total sales total cost total sales total cost total sales total cost total sales
CGS from Regular Sales (30% markup) 5851762.5 5961103.85 45,854.65 6072488.27 46,711.45 6185953.93 47,584.26 6301539.71 48,473.38 7703142.29 59,254.94 7847077.05 60,362.13 7993701.25
CGS from Discount Sales 97,570.44 751 103,676.72 798 108,051.85 831 114,475.83 881 119,200.92 917 141,672.88 1,090 147,413.45 1,134 155,378.18
TOTAL COST OF GOODS SOLD 750.54 46,652.16 47,542.62 48,464.84 49,390.31 60,344.73 61,496.08

(assuming only 5% of finished goods are returned)

 Appendix 11
Cost of Goods Sold Schedule

8 9 10
total cost total sales total cost total sales total cost
61,490.01 8143065.16 62,638.96 8295219.96 63,809.38
1,195 161,545.06 1,243 169903.89 1,307
62,685.23 63,881.62 65,116.34
 Appendix 5
Schedule of Salary and Benefits

EALA INC.
SALARY AND BENEFITS SCHEDULE
YEAR 1 ADMINISTRATIVE EXPENSES SSS CONTRIBUTION PHILHEALTH CONTRIBUTION 13TH MONTH PAY
POSITION NO. OF EMPLOYEESMONTHLY ANNUALLY TOTAL MONTHLY ANNUALLY TOTAL MONTHLY ANNUALLY TOTAL ANNUALLY TOTAL
CEO 1 35,000.00 420,000.00 420,000.00 920.00 11,040.00 11,040.00 312.50 3,750.00 3,750.00 35,000.00 35,000.00
Production/Operations Manager 1 25,000.00 300,000.00 300,000.00 920.00 11,040.00 11,040.00 187.50 2,250.00 2,250.00 25,000.00 25,000.00
Sales and Marketing Manager 1 22,000.00 264,000.00 264,000.00 920.00 11,040.00 11,040.00 187.50 2,250.00 2,250.00 22,000.00 22,000.00
Finance Manager 1 22,000.00 264,000.00 264,000.00 920.00 11,040.00 11,040.00 187.50 2,250.00 2,250.00 22,000.00 22,000.00
Human Resource Manager 1 22,000.00 264,000.00 264,000.00 920.00 11,040.00 11,040.00 187.50 2,250.00 2,250.00 22,000.00 22,000.00
Accountant 1 18,000.00 216,000.00 216,000.00 556.00 6,672.00 6,672.00 112.50 1,350.00 1,350.00 18,000.00 18,000.00
Market Researcher 1 18,000.00 216,000.00 216,000.00 434.70 5,216.40 5,216.40 87.50 1,050.00 1,050.00 18,000.00 18,000.00
Designer/Cashier 1 20,000.00 240,000.00 240,000.00 434.70 5,216.40 5,216.40 87.50 1,050.00 1,050.00 20,000.00 20,000.00
Tailor 3 12,000.00 144,000.00 432,000.00 374.00 4,488.00 13,464.00 75.00 900.00 2,700.00 12,000.00 36,000.00
Cutter 1 12,000.00 144,000.00 144,000.00 434.70 5,216.40 5,216.40 87.50 1,050.00 1,050.00 12,000.00 12,000.00

PAYABLE AT YEAR END 2,760,000.00 90,985.20 19,950.00 230,000.00

YEAR 2 ADMINISTRATIVE EXPENSES SSS CONTRIBUTION PHILHEALTH CONTRIBUTION 13TH MONTH PAY
POSITION NO. OF EMPLOYEESMONTHLY ANNUALLY TOTAL MONTHLY ANNUALLY TOTAL MONTHLY ANNUALLY TOTAL ANNUALLY TOTAL
CEO 1 35,000.00 420,000.00 420,000.00 920.00 11,040.00 11,040.00 312.50 3,750.00 3,750.00 35,000.00 35,000.00
Production/Operations Manager 1 25,000.00 300,000.00 300,000.00 920.00 11,040.00 11,040.00 187.50 2,250.00 2,250.00 25,000.00 25,000.00
Sales and Marketing Manager 1 22,000.00 264,000.00 264,000.00 920.00 11,040.00 11,040.00 187.50 2,250.00 2,250.00 22,000.00 22,000.00
Finance Manager 1 22,000.00 264,000.00 264,000.00 920.00 11,040.00 11,040.00 187.50 2,250.00 2,250.00 22,000.00 22,000.00
Human Resource Manager 1 22,000.00 264,000.00 264,000.00 920.00 11,040.00 11,040.00 187.50 2,250.00 2,250.00 22,000.00 22,000.00
Accountant 1 18,000.00 216,000.00 216,000.00 556.00 6,672.00 6,672.00 112.50 1,350.00 1,350.00 18,000.00 18,000.00
Market Researcher 1 18,000.00 216,000.00 216,000.00 434.70 5,216.40 5,216.40 87.50 1,050.00 1,050.00 18,000.00 18,000.00
Designer/Cashier 1 20,000.00 240,000.00 240,000.00 434.70 5,216.40 5,216.40 87.50 1,050.00 1,050.00 20,000.00 20,000.00
Tailor 3 12,000.00 144,000.00 432,000.00 374.00 4,488.00 13,464.00 75.00 900.00 2,700.00 12,000.00 36,000.00
Cutter 1 12,000.00 144,000.00 144,000.00 434.70 5,216.40 5,216.40 87.50 1,050.00 1,050.00 12,000.00 12,000.00

PAYABLE AT YEAR END 2,760,000.00 90,985.20 19,950.00 230,000.00

YEAR 3 ADMINISTRATIVE EXPENSES SSS CONTRIBUTION PHILHEALTH CONTRIBUTION 13TH MONTH PAY
POSITION NO. OF EMPLOYEESMONTHLY ANNUALLY TOTAL MONTHLY ANNUALLY TOTAL MONTHLY ANNUALLY TOTAL ANNUALLY TOTAL
CEO 1 36,050.00 432,600.00 432,600.00 920.00 11,040.00 11,040.00 312.50 3,750.00 3,750.00 36,050.00 36,050.00
Production/Operations Manager 1 25,750.00 309,000.00 309,000.00 920.00 11,040.00 11,040.00 187.50 2,250.00 2,250.00 25,750.00 25,750.00
Sales and Marketing Manager 1 22,660.00 271,920.00 271,920.00 920.00 11,040.00 11,040.00 187.50 2,250.00 2,250.00 22,660.00 22,660.00
Finance Manager 1 22,660.00 271,920.00 271,920.00 920.00 11,040.00 11,040.00 187.50 2,250.00 2,250.00 22,660.00 22,660.00
Human Resource Manager 1 22,660.00 271,920.00 271,920.00 920.00 11,040.00 11,040.00 187.50 2,250.00 2,250.00 22,660.00 22,660.00
Accountant 1 18,540.00 222,480.00 222,480.00 586.30 7,035.60 7,035.60 112.50 1,350.00 1,350.00 18,540.00 18,540.00
Market Researcher 1 18,540.00 222,480.00 222,480.00 434.70 5,216.40 5,216.40 87.50 1,050.00 1,050.00 18,540.00 18,540.00
Designer/Cashier 1 20,600.00 247,200.00 247,200.00 434.70 5,216.40 5,216.40 87.50 1,050.00 1,050.00 20,600.00 20,600.00
Tailor 3 12,360.00 148,320.00 444,960.00 374.00 4,488.00 13,464.00 75.00 900.00 2,700.00 12,360.00 37,080.00
Cutter 1 12,360.00 148,320.00 148,320.00 434.70 5,216.40 5,216.40 87.50 1,050.00 1,050.00 12,360.00 12,360.00

PAYABLE AT YEAR END 2,842,800.00 91,348.80 19,950.00 236,900.00

YEAR 4 ADMINISTRATIVE EXPENSES SSS CONTRIBUTION PHILHEALTH CONTRIBUTION 13TH MONTH PAY
POSITION NO. OF EMPLOYEESMONTHLY ANNUALLY TOTAL MONTHLY ANNUALLY TOTAL MONTHLY ANNUALLY TOTAL ANNUALLY TOTAL
CEO 1 36,050.00 432,600.00 432,600.00 920.00 11,040.00 11,040.00 312.50 3,750.00 3,750.00 36,050.00 36,050.00
Production/Operations Manager 1 25,750.00 309,000.00 309,000.00 920.00 11,040.00 11,040.00 187.50 2,250.00 2,250.00 25,750.00 25,750.00
Sales and Marketing Manager 1 22,660.00 271,920.00 271,920.00 920.00 11,040.00 11,040.00 187.50 2,250.00 2,250.00 22,660.00 22,660.00
Finance Manager 1 22,660.00 271,920.00 271,920.00 920.00 11,040.00 11,040.00 187.50 2,250.00 2,250.00 22,660.00 22,660.00
Human Resource Manager 1 22,660.00 271,920.00 271,920.00 920.00 11,040.00 11,040.00 187.50 2,250.00 2,250.00 22,660.00 22,660.00
Accountant 1 18,540.00 222,480.00 222,480.00 586.30 7,035.60 7,035.60 112.50 1,350.00 1,350.00 18,540.00 18,540.00
Market Researcher 1 18,540.00 222,480.00 222,480.00 434.70 5,216.40 5,216.40 87.50 1,050.00 1,050.00 18,540.00 18,540.00
Designer/Cashier 1 20,600.00 247,200.00 247,200.00 434.70 5,216.40 5,216.40 87.50 1,050.00 1,050.00 20,600.00 20,600.00
Tailor 3 12,360.00 148,320.00 444,960.00 374.00 4,488.00 13,464.00 75.00 900.00 2,700.00 12,360.00 37,080.00
Cutter 1 12,360.00 148,320.00 148,320.00 434.70 5,216.40 5,216.40 87.50 1,050.00 1,050.00 12,360.00 12,360.00

PAYABLE AT YEAR END 2,842,800.00 91,348.80 19,950.00 236,900.00

 Appendix 5
Schedule of Salary and Benefits

YEAR 5 ADMINISTRATIVE EXPENSES SSS CONTRIBUTION PHILHEALTH CONTRIBUTION 13TH MONTH PAY
POSITION NO. OF EMPLOYEESMONTHLY ANNUALLY TOTAL MONTHLY ANNUALLY TOTAL MONTHLY ANNUALLY TOTAL ANNUALLY TOTAL
CEO 1 37,131.50 445,578.00 445,578.00 920.00 11,040.00 11,040.00 312.50 3,750.00 3,750.00 37,131.50 37,131.50
Production/Operations Manager 1 26,522.50 318,270.00 318,270.00 920.00 11,040.00 11,040.00 187.50 2,250.00 2,250.00 26,522.50 26,522.50
Sales and Marketing Manager 1 23,339.80 280,077.60 280,077.60 920.00 11,040.00 11,040.00 187.50 2,250.00 2,250.00 23,339.80 23,339.80
Finance Manager 1 23,339.80 280,077.60 280,077.60 920.00 11,040.00 11,040.00 187.50 2,250.00 2,250.00 23,339.80 23,339.80
Human Resource Manager 1 23,339.80 280,077.60 280,077.60 920.00 11,040.00 11,040.00 187.50 2,250.00 2,250.00 23,339.80 23,339.80
Accountant 1 19,096.20 229,154.40 229,154.40 586.30 7,035.60 7,035.60 112.50 1,350.00 1,350.00 19,096.20 19,096.20
Market Researcher 1 19,096.20 229,154.40 229,154.40 465.00 5,580.00 5,580.00 87.50 1,050.00 1,050.00 19,096.20 19,096.20
Designer/Cashier 1 21,218.00 254,616.00 254,616.00 465.00 5,580.00 5,580.00 87.50 1,050.00 1,050.00 21,218.00 21,218.00
Tailor 3 12,730.80 152,769.60 458,308.80 404.30 4,851.60 14,554.80 75.00 900.00 2,700.00 12,730.80 38,192.40
Cutter 1 12,730.80 152,769.60 152,769.60 465.00 5,580.00 5,580.00 87.50 1,050.00 1,050.00 12,730.80 12,730.80

2,928,084.00 93,530.40 19,950.00 244,007.00

PAYABLE AT YEAR END

YEAR 6 ADMINISTRATIVE EXPENSES SSS CONTRIBUTION PHILHEALTH CONTRIBUTION 13TH MONTH PAY
POSITION NO. OF EMPLOYEESMONTHLY ANNUALLY TOTAL MONTHLY ANNUALLY TOTAL MONTHLY ANNUALLY TOTAL ANNUALLY TOTAL
CEO 1 37,131.50 445,578.00 445,578.00 920.00 11,040.00 11,040.00 312.50 3,750.00 3,750.00 37,131.50 37,131.50
Production/Operations Manager 1 26,522.50 318,270.00 318,270.00 920.00 11,040.00 11,040.00 187.50 2,250.00 2,250.00 26,522.50 26,522.50
Sales and Marketing Manager 1 23,339.80 280,077.60 280,077.60 920.00 11,040.00 11,040.00 187.50 2,250.00 2,250.00 23,339.80 23,339.80
Finance Manager 1 23,339.80 280,077.60 280,077.60 920.00 11,040.00 11,040.00 187.50 2,250.00 2,250.00 23,339.80 23,339.80
Human Resource Manager 1 23,339.80 280,077.60 280,077.60 920.00 11,040.00 11,040.00 187.50 2,250.00 2,250.00 23,339.80 23,339.80
Accountant 1 19,096.20 229,154.40 229,154.40 586.30 7,035.60 7,035.60 112.50 1,350.00 1,350.00 19,096.20 19,096.20
Market Researcher 1 19,096.20 229,154.40 229,154.40 465.00 5,580.00 5,580.00 87.50 1,050.00 1,050.00 19,096.20 19,096.20
Designer/Cashier 1 21,218.00 254,616.00 254,616.00 465.00 5,580.00 5,580.00 87.50 1,050.00 1,050.00 21,218.00 21,218.00
Tailor 3 12,730.80 152,769.60 458,308.80 404.30 4,851.60 14,554.80 75.00 900.00 2,700.00 12,730.80 38,192.40
Cutter 1 12,730.80 152,769.60 152,769.60 465.00 5,580.00 5,580.00 87.50 1,050.00 1,050.00 12,730.80 12,730.80

PAYABLE AT YEAR END 2,928,084.00 93,530.40 19,950.00 244,007.00

YEAR 7 ADMINISTRATIVE EXPENSES SSS CONTRIBUTION PHILHEALTH CONTRIBUTION 13TH MONTH PAY
POSITION NO. OF EMPLOYEESMONTHLY ANNUALLY TOTAL MONTHLY ANNUALLY TOTAL MONTHLY ANNUALLY TOTAL ANNUALLY TOTAL
CEO 1 38,245.45 458,945.34 458,945.34 920.00 11,040.00 11,040.00 312.50 3,750.00 3,750.00 38,245.45 38,245.45
Production/Operations Manager 1 27,318.18 327,818.10 327,818.10 920.00 11,040.00 11,040.00 200.00 2,400.00 2,400.00 27,318.18 27,318.18
Sales and Marketing Manager 1 24,039.99 288,479.93 288,479.93 920.00 11,040.00 11,040.00 200.00 2,400.00 2,400.00 24,039.99 24,039.99
Finance Manager 1 24,039.99 288,479.93 288,479.93 920.00 11,040.00 11,040.00 200.00 2,400.00 2,400.00 24,039.99 24,039.99
Human Resource Manager 1 24,039.99 288,479.93 288,479.93 920.00 11,040.00 11,040.00 200.00 2,400.00 2,400.00 24,039.99 24,039.99
Accountant 1 19,669.09 236,029.03 236,029.03 616.70 7,400.40 7,400.40 112.50 1,350.00 1,350.00 19,669.09 19,669.09
Market Researcher 1 19,669.09 236,029.03 236,029.03 465.00 5,580.00 5,580.00 87.50 1,050.00 1,050.00 19,669.09 19,669.09
Designer/Cashier 1 21,854.54 262,254.48 262,254.48 465.00 5,580.00 5,580.00 87.50 1,050.00 1,050.00 21,854.54 21,854.54
Tailor 3 13,112.72 157,352.69 472,058.06 404.30 4,851.60 14,554.80 75.00 900.00 2,700.00 13,112.72 39,338.17
Cutter 1 13,112.72 157,352.69 157,352.69 465.00 5,580.00 5,580.00 87.50 1,050.00 1,050.00 13,112.72 13,112.72

PAYABLE AT YEAR END 3,015,926.52 93,895.20 20,550.00 251,327.21

YEAR 8 ADMINISTRATIVE EXPENSES SSS CONTRIBUTION PHILHEALTH CONTRIBUTION 13TH MONTH PAY
POSITION NO. OF EMPLOYEESMONTHLY ANNUALLY TOTAL MONTHLY ANNUALLY TOTAL MONTHLY ANNUALLY TOTAL ANNUALLY TOTAL
CEO 1 38,245.45 458,945.34 458,945.34 920.00 11,040.00 11,040.00 312.50 3,750.00 3,750.00 38,245.45 38,245.45
Production/Operations Manager 1 27,318.18 327,818.10 327,818.10 920.00 11,040.00 11,040.00 200.00 2,400.00 2,400.00 27,318.18 27,318.18
Sales and Marketing Manager 1 24,039.99 288,479.93 288,479.93 920.00 11,040.00 11,040.00 200.00 2,400.00 2,400.00 24,039.99 24,039.99
Finance Manager 1 24,039.99 288,479.93 288,479.93 920.00 11,040.00 11,040.00 200.00 2,400.00 2,400.00 24,039.99 24,039.99
Human Resource Manager 1 24,039.99 288,479.93 288,479.93 920.00 11,040.00 11,040.00 200.00 2,400.00 2,400.00 24,039.99 24,039.99
Accountant 1 19,669.09 236,029.03 236,029.03 616.70 7,400.40 7,400.40 112.50 1,350.00 1,350.00 19,669.09 19,669.09
Market Researcher 1 19,669.09 236,029.03 236,029.03 465.00 5,580.00 5,580.00 87.50 1,050.00 1,050.00 19,669.09 19,669.09
Designer/Cashier 1 21,854.54 262,254.48 262,254.48 465.00 5,580.00 5,580.00 87.50 1,050.00 1,050.00 21,854.54 21,854.54
Tailor 3 13,112.72 157,352.69 472,058.06 404.30 4,851.60 14,554.80 75.00 900.00 2,700.00 13,112.72 39,338.17
Cutter 1 13,112.72 157,352.69 157,352.69 465.00 5,580.00 5,580.00 87.50 1,050.00 1,050.00 13,112.72 13,112.72

PAYABLE AT YEAR END 3,015,926.52 93,895.20 20,550.00 251,327.21

 Appendix 5
Schedule of Salary and Benefits

YEAR 9 ADMINISTRATIVE EXPENSES SSS CONTRIBUTION PHILHEALTH CONTRIBUTION 13TH MONTH PAY
POSITION NO. OF EMPLOYEESMONTHLY ANNUALLY TOTAL MONTHLY ANNUALLY TOTAL MONTHLY ANNUALLY TOTAL ANNUALLY TOTAL
CEO 1 39,392.81 472,713.70 472,713.70 920.00 11,040.00 11,040.00 312.50 3,750.00 3,750.00 39,392.81 39,392.81
Production/Operations Manager 1 28,137.72 337,652.64 337,652.64 920.00 11,040.00 11,040.00 200.00 2,400.00 2,400.00 28,137.72 28,137.72
Sales and Marketing Manager 1 24,761.19 297,134.33 297,134.33 920.00 11,040.00 11,040.00 200.00 2,400.00 2,400.00 24,761.19 24,761.19
Finance Manager 1 24,761.19 297,134.33 297,134.33 920.00 11,040.00 11,040.00 200.00 2,400.00 2,400.00 24,761.19 24,761.19
Human Resource Manager 1 24,761.19 297,134.33 297,134.33 920.00 11,040.00 11,040.00 200.00 2,400.00 2,400.00 24,761.19 24,761.19
Accountant 1 20,259.16 243,109.90 243,109.90 616.70 7,400.40 7,400.40 125.00 1,500.00 1,500.00 20,259.16 20,259.16
Market Researcher 1 20,259.16 243,109.90 243,109.90 495.30 5,943.60 5,943.60 87.50 1,050.00 1,050.00 20,259.16 20,259.16
Designer/Cashier 1 22,510.18 270,122.11 270,122.11 495.30 5,943.60 5,943.60 87.50 1,050.00 1,050.00 22,510.18 22,510.18
Tailor 3 13,506.11 162,073.27 486,219.81 434.70 5,216.40 15,649.20 75.00 900.00 2,700.00 13,506.11 40,518.32
Cutter 1 13,506.11 162,073.27 162,073.27 495.30 5,943.60 5,943.60 87.50 1,050.00 1,050.00 13,506.11 13,506.11

PAYABLE AT YEAR END 3,106,404.32 96,080.40 20,700.00 258,867.03

YEAR 10 ADMINISTRATIVE EXPENSES SSS CONTRIBUTION PHILHEALTH CONTRIBUTION 13TH MONTH PAY
POSITION NO. OF EMPLOYEESMONTHLY ANNUALLY TOTAL MONTHLY ANNUALLY TOTAL MONTHLY ANNUALLY TOTAL ANNUALLY TOTAL
CEO 1 39,392.81 472,713.70 472,713.70 920.00 11,040.00 11,040.00 312.50 3,750.00 3,750.00 39,392.81 39,392.81
Production/Operations Manager 1 28,137.72 337,652.64 337,652.64 920.00 11,040.00 11,040.00 200.00 2,400.00 2,400.00 28,137.72 28,137.72
Sales and Marketing Manager 1 24,761.19 297,134.33 297,134.33 920.00 11,040.00 11,040.00 200.00 2,400.00 2,400.00 24,761.19 24,761.19
Finance Manager 1 24,761.19 297,134.33 297,134.33 920.00 11,040.00 11,040.00 200.00 2,400.00 2,400.00 24,761.19 24,761.19
Human Resource Manager 1 24,761.19 297,134.33 297,134.33 920.00 11,040.00 11,040.00 200.00 2,400.00 2,400.00 24,761.19 24,761.19
Accountant 1 20,259.16 243,109.90 243,109.90 616.70 7,400.40 7,400.40 125.00 1,500.00 1,500.00 20,259.16 20,259.16
Market Researcher 1 20,259.16 243,109.90 243,109.90 495.30 5,943.60 5,943.60 87.50 1,050.00 1,050.00 20,259.16 20,259.16
Designer/Cashier 1 22,510.18 270,122.11 270,122.11 495.30 5,943.60 5,943.60 87.50 1,050.00 1,050.00 22,510.18 22,510.18
Tailor 3 13,506.11 162,073.27 486,219.81 434.70 5,216.40 15,649.20 75.00 900.00 2,700.00 13,506.11 40,518.32
Cutter 1 13,506.11 162,073.27 162,073.27 495.30 5,943.60 5,943.60 87.50 1,050.00 1,050.00 13,506.11 13,506.11

PAYABLE AT YEAR END 3,106,404.32 96,080.40 20,700.00 258,867.03

 Appendix 5
Schedule of Salary and Benefits

TOTAL PAYABLE
AT YEAR END

3,100,935.20

3,100,935.20

307,870.00
307,870.00
249,405.60
247,286.40
274,066.40
498,204.00

3,190,998.80

3,190,998.80
 Appendix 5
Schedule of Salary and Benefits

316,707.40
316,707.40
256,636.20
254,880.60
282,464.00
513,756.00

3,285,571.40

3,285,571.40

325,959.92
325,959.92
264,448.52
262,328.12
290,739.02
528,651.04

3,381,698.93

3,381,698.93
 Appendix 5
Schedule of Salary and Benefits

3,482,051.74

335,335.52
335,335.52
272,269.46
270,362.66
299,625.89
545,087.32

3,482,051.74
 Appendix 7
Schedule of Supplies Expense

EALA Inc.
Initial Supplies Expense

Supplies Expense Qty. Unit Unit Cost Total Cost

Shop / Workroom Supplies
Shears 4 pcs. 150 600
L-square 1 pcs. 220 220
Curved Ruler 1 pcs. 220 220
Tape Measure 2 pcs. 30 60
Dummy Jeans 2 pcs. 250 500
Total Shop Supplies Expense 1600 1600

Office Supplies
Bond Paper 5 reams 156.25 781.25 65.10
Pens 20 pcs. 6.00 120.00 10.00
Tape 5 rolls 17.50 87.50 7.29
Stapler 3 pcs. 80.00 240.00
Staple Wire 5 boxes 16.75 83.75 6.98
Paper clips 2 boxes 30.75 61.50
Printer Ink 3 boxes 3000.00 9,000.00 750.00
Invoice Booklets 12 pads 24.50 294.00 24.50
Scissors 3 pcs. 47.50 142.50
Memo Pads 12 pcs. 14.50 174.00 14.50
Total Office Supplies Expense 10,984.50 878.38

Cleaning Supplies
Trash Cans 4 pcs. 100.00 400.00
Door Mats 3 pcs. 40.00 120.00
Garbage Bags 20 10 pcs 48.45 969.00 80.75
Bathroom Deodorizer 6 pcs. 33.15 198.90 16.58
Wet Mop 1 pcs. 286.00 286.00
Dry Mop 1 pcs. 286.00 286.00
Liquid Hand Soap 12 bottles 60.00 720.00 60.00
Paper Towel 24 packs 20.00 480.00 40.00
Tissue Paper 10 dz 60.00 600.00 50.00
Pail 2 pcs. 51.25 102.50
Broom 2 pcs. 52.50 105.00
Dust Pans 2 pcs. 30.00 60.00
Total Cleaning Supplies Expenses 4,327.40 247.33
Total Initial Supplies Expenses 16,911.90 2,725.70

2,365.00
 Appendix 7
Schedule of Supplies Expense

EALA Inc.
Yearly Supplies Expense
Years 1-10
Supplies Expense Qty. Unit Unit Cost Total Cost
Office Supplies
Bond Paper 5 reams 156.25 781.25 65.10
Pens 20 pcs. 6.00 120.00 10.00
Tape 5 rolls 17.50 87.50 7.29
Staple Wire 5 boxes 16.75 83.75 6.98
Paper clips 2 boxes 30.75 61.50 5.13
Printer Ink 3 boxes 3000.00 9,000.00 750.00
Invoice Booklets 12 pads 24.50 294.00 24.50
Memo Pads 12 pcs. 14.50 174.00 14.50
Total Office Supplies Expense 10,602.00 883.50

Cleaning Supplies
Door Mats 6 pcs. 40.00 240.00
Garbage Bags 20 10 pcs 48.45 969.00 80.75
Bathroom Deodorizer 6 pcs. 33.15 198.90 16.58
Wet Mop 1 pcs. 286.00 286.00 23.83
Dry Mop 1 pcs. 286.00 286.00
Liquid Hand Soap 12 bottles 60.00 720.00
Paper Towel 24 packs 20.00 480.00 40.00
Tissue Paper 10 dz 60.00 600.00 50.00
Broom 2 pcs. 52.50 105.00
Dust Pans 2 pcs. 30.00 60.00
Total Cleaning Supplies Expenses 3,944.90 211.16
Total Supplies Expenses 14,546.90 15,430.40

4,529.20 4,105.66
 Appendix 6
Yearly Miscellaneous Expense Schedule

EALA INC.
Yearly Miscellaneous Expenses
For Years 1-10
Legal Fee- Business Permit Initial Costs
Mayor's Permit 200.00
City Tax 3,000.00
Garbage Fee 2,600.00
Sanitary Fee 550.00
Building Inspection Fee 50.00
Electrical Inspection Fee 20.00
Plumbing Inspection Fee 7.00
Signboard 50.00
Fire Inspection Fee 200.00
Plate/Sticker 250.00
Zoning Fee 545.00
Total Business Permit Cost 7,472.00
 Appendix 9
Schedule of Utilities Expense

EALA INC.
Schedule of Utilities Expense
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9
Utilities Expense
Electricity 118,680.00 121,053.60 123,474.67 125,944.17 128,463.05 131,032.31 133,652.96 136,326.02 139,052.54
Water 14,400.00 14,688.00 14,981.76 15,281.40 15,587.02 15,898.76 16,216.74 16,541.07 16,871.90
Gasoline 36,000.00 36,720.00 37,454.40 38,203.49 38,967.56 39,746.91 40,541.85 41,352.68 42,179.74
Telephone 18,000.00 18,360.00 18,727.20 19,101.74 19,483.78 19,873.45 20,270.92 20,676.34 21,089.87
Total 187,080.00 190,821.60 194,638.03 198,530.79 202,501.41 206,551.44 210,682.47 214,896.11 219,194.04

Accrued expense at year end 15,590.00 15,901.80 16,219.84 16,544.23 16,875.12 17,212.62 17,556.87 17,908.01 18,266.17
Expense

escalation 1.02
 Appendix 9
Schedule of Utilities Expense

EALA INC.
Schedule of Utilities Expense
Year 10

141,833.59
17,209.33
43,023.33
21,511.67
223,577.92

18,631.49
 Appendix 12
IRR Computation

Magnum, Incorporated
Computation of Internal Rate of Return

Year Year-End Cash Flow

0 (2,993,034.21)
1 386,045.20
2 828,443.35
3 41,503.43
4 1,172,492.22
5 1,014,850.32
6 1,852,902.19
7 1,517,128.74
8 2,752,865.75
9 2,043,094.55
10 3,156,941.25
IRR 29%
 Appendix 8
Schedule of Rental Expenses

EALA Inc.
Schedule of Rental Payments
Year 1-10
Year 1 2 3 4 5 6 7 8 9 10
Basic Rent (monthly) 12500 13,437.50 14,445.31 15,528.71 16,693.36 17,945.37 19,291.27 20,738.11 22,293.47 23,965.48
Total Annual Rental Expense 150,000.00 161,250.00 173,343.75 186,344.53 200,320.37 215,344.40 231,495.23 248,857.37 267,521.67 287,585.80

*inflation 7.50%
 Appendix 8
Schedule of Rental Expenses
 Appendix 8
Schedule of Rental Expenses
 Appendix 8
Schedule of Rental Expenses
 Appendix 8
Schedule of Rental Expenses
 Appendix 8
Schedule of Rental Expenses
 Appendix 8
Schedule of Rental Expenses
 Appendix 8
Schedule of Rental Expenses
 Appendix 14
Payback Period

Magnum, Incorporated
Computation of Payback Period

Project Cost (2,993,034.21)

Cumulative Balance Year
Year Year- End Cash Flow (2,993,034.21)
1 386,045.20 (2,606,989.01) 1
2 828,443.35 (1,778,545.66) 1
3 41,503.43 (1,737,042.22) 1
4 1,172,492.22 (564,550.01) 1
5 1,014,850.32 0 -0.56
6 1,852,902.19
7 1,517,128.74 Total 4.56
8 2,752,865.75
9 2,043,094.55
10 3,156,941.25

Payback Period 4.56 years

 Appendix 13
NPV Computation

Magnum. Incorporated
Computation of Net Present Value

Magnum's Cost of Capital 20%

Year Year-End Cash Flow

0 (2,993,034.21)
1 386,045.20
2 828,443.35
3 41,503.43
4 1,172,492.22
5 1,014,850.32
6 1,852,902.19
7 1,517,128.74
8 2,752,865.75
9 2,043,094.55
10 3,156,941.25
NPV $1,491,273.39
 Appendix 15
Financial Ratios

MAGNUM INC.
Financial Ratios
Years
1 2 3 4 5 6 7 8 9 10

Liquidity Ratios
Current Ratio 5.01 8.62 7.06 7.33 2.95 4.07 5.30 6.00 7.52 8.12
Quick Ratio 1.83 7.69 4.68 6.71 2.21 3.84 4.93 5.98 7.35 8.10

Activity Ratios
Inventory Turnover 5.34 5.36 6.64 7.13 8.85 10.60 13.80 23.02 38.23 40.90
Total Asset Turnover 1.83 1.87 1.86 1.85 2.61 2.09 1.72 1.47 1.22 1.09

Debt Ratios
Debt Ratio 0.67 0.65 0.62 0.56 0.19 0.18 0.15 0.15 0.12 0.12
Debt to Equity Ratio 2.04 1.87 1.60 1.28 0.24 0.22 0.18 0.17 0.14 0.13

Profitability Ratios
Gross Profit Margin 53.22% 47.72% 50.09% 48.68% 53.21% 52.51% 53.19% 53.29% 53.69% 53.80%
Operating Profit Margin 7.05% 1.36% 6.81% 9.53% 16.00% 18.16% 19.75% 23.72% 23.81% 26.56%
Net Profit Margin 4.03% 0.78% 3.89% 5.45% 9.14% 12.35% 13.43% 16.13% 15.39% 18.06%
EPS 2.89 0.56 3.12 4.92 9.02 13.48 15.63 21.78 21.32 28.17

Return on Assets 7.38% 1.46% 7.24% 10.05% 23.81% 25.83% 23.05% 23.77% 18.81% 19.66%
Return on Equity 8.68% 4.37% 23.20% 29.71% 41.96% 44.18% 36.46% 37.94% 27.31% 28.34%