Palay Buying Business

Annex 1

Piddig Basi Multi-purpose Cooperative

Piddig, Ilocos Norte
Assumptions:
Based on Submitted Working Financial Plan to Department of Agriculture (AMAD)
Capital Outlay (Php):
2,900,000
Cost of Wet Palay , PhP
14.00 per Kilogram
Cost of Dried Palay, PhP
18.00 per Kilogram
Ave. Rice Selling Price, Php
32.00 per Kilogram

30% of Gross Revenue (Palay Buying , Rice Selling & Administrative Expenses)

CY2017
WET PALAY
Activity

Feb

March

DRIED PALAY

WET PALAY

April
150,000

May
200,000

June
200,000

July
250,000

Aug
300,000

Sept
300,000

Oct
500,000

Nov
500,000

Volume of Palay Purchased, Kgs

Rice Equivalent @ 60% Mill Eff.(min)
Gross Revenue of Selling Rice
Less Expenses:
Drying Fee @Php0.50/kg (wet)
Milling Fee @ Php 2.00/kg
Optg, Selling & Adminstrative Expense

10,714
6,429
205,714

11,111
6,667
213,333

11,111
6,667
213,333

13,889
8,333
266,667

16,667
10,000
320,000

21,429
12,857
411,429

35,714
21,429
685,714

35,714
21,429
685,714

5,357
12,857
61,714

13,333
64,000

13,333
64,000

16,667
80,000

20,000
96,000

10,714
25,714
123,429

17,857
42,857
205,714

17,857
42,857
205,714

Net Profit, PhP (Additional Capital)

125,786

136,000

136,000

170,000

204,000

251,571

419,286

419,286

251,571
504,000
28,000
16,800
537,600

419,286
751,571
41,754
25,052
801,676

419,286
919,286
51,071
30,643
980,571

14,000
33,600
161,280

20,877
50,105
240,503

25,536
61,286
294,171

328,720

490,192

599,579

Procurement of Palay

Jan

CY2016

If the Net Monthly Profit will be added to the allocated Monthly Operating Capital for the rest of the months of CY2016:
Monthly Ending Profit
125,786
136,000
136,000
170,000
204,000
Monthly Starting Capital
325,786
336,000
386,000
470,000
Revised Volume of Purchased Palay
18,099
18,667
21,444
26,111
Rice Equivalent @ 60% Mill Eff.(min)
6,429
10,860
11,200
12,867
15,667
Gross Revenue of Selling Rice
205,714
347,505
358,400
411,733
501,333
Less Expenses:
Drying Fee @Php0.50/kg (wet)
3,214
Milling Fee @ Php 2.00/kg
12,857
21,719
22,400
25,733
31,333
Optg, Selling & Adminstrative Expense
61,714
104,251
107,520
123,520
150,400
Revised Net Profit (Capital Build-up)

127,929

221,534

228,480

262,480

319,600

Dec
500,000

TOTAL
2,900,000

35,714
21,429
685,714

192,063
115,238
3,687,619

17,857
42,857
205,714

69,643
230,476
368,762

419,286

3,018,738

419,286
919,286
51,071
30,643
980,571
25,536
61,286
294,171
599,579

3,178,092