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Financial Aspect
This chapter talks about the Cost of the Project, Source of Investment,
Financial Assumptions, Balance Sheet, Cash Flow Statement, Income Statements,
Financial Analysis and Interpretation, Return on investment and Payback Period
ActivEscape
Project Cost
Source of Investment
The source of investment will come from the proponents own money
Financial Assumptions
The following assumptioms will serve as the basis for the preparation of financial statements:
1 2 3
Cost 1,268,200.00 1,268,200.00 1,268,200.00
Accumulated Depreciation 50,728.00 101,456.00 152,184.00
Net Book Value 1,217,472.00 1,166,744.00 1,116,016.00
Allocation of Depreciation
Factory 30,436.80 30,436.80 30,436.80
Office 20,291.20 20,291.20 20,291.20
1 2 3
Cost 569,450.89 569,450.89 569,450.89
Accumulated Depreciation 113,890.18 227,780.36 341,670.54
Net Book Value 455,560.71 341,670.54 227,780.36
4 5
1,268,200.00 1,268,200.00
202,912.00 253,640.00
1,065,288.00 1,014,560.00
30,436.80 30,436.80
20,291.20 20,291.20
Depreciation
113,890.18
4 5
569,450.89 569,450.89
455,560.71 569,450.89
113,890.18 -
Depreciation
4,032.54
40,325.45 40,325.45
16,130.18 20,162.72
24,195.27 20,162.72
1 2 3
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Schedule for VAT
1 2 3
Output Tax 569,807.14 706,548.51 876,486.52
Input Tax 94,048.39 26,676.00 27,673.68
Vat Payable 475,758.75 679,872.51 848,812.83
10,152,415.42 12,603,851.72
9,064,656.62 11,253,439.03
1,087,758.79 1,350,412.68
267,947.66 277,968.91
239,238.98 248,186.52
28,708.68 29,782.38
4 5
1,087,758.79 1,350,412.68
28,708.68 29,782.38
1,059,050.12 1,320,630.30
1,041,530.34 1,298,831.95
88,254.18 110,052.53
ActivEscape
Revenue Schedule
1 2 3
Annual Service by Room 7,905 9,486 11,383
Service Fee 400.00 414.96 430.48
Total Sales in Peso 3,162,000.00 3,936,310.56 4,900,148.19
Vat rate 1.12 1.12 1.12
Sales (Exluding output tax) 2,823,214.29 3,514,563.00 4,375,132.32
1 2 3
Annual Service in Lobby 39,524.00 47,429.00 56,915.00
Selling Price 50.00 51.87 53.81
Total Sales in Peso 1,976,200.00 2,460,142.23 3,062,592.62
Vat rate 1.12 1.12 1.12
Sales (Exluding output tax) 1,764,464.29 2,196,555.56 2,734,457.70
1 2 3
Rent Income 180,000.00 198,000.00 217,800.00
Vat rate 1.12 1.12 1.12
Sales (Exluding output tax) 160,714.29 176,785.71 194,464.29
4 5
68,298.00 81,958.00
55.82 57.91
3,812,560.30 4,746,203.23
1.12 1.12
3,404,071.70 4,237,681.46
4 5
239,580.00 263,538.00
1.12 1.12
213,910.71 235,301.79
9,064,656.62 11,253,439.03
10,152,415.42 12,603,851.72
ActivEscape
Schedule of Cost of Goods Sold
1 2 3 4
Direct Materials Beg - - -
Add: Purchases - - - -
Total Materials Available for Use - - - -
Less: Direct Materials Ending - - - -
Direct Materials Used - - - -
Direct Labor - - - -
Overhead 854,385.82 880,942.02 908,491.42 937,071.17
Total Manufacturing Cost 854,385.82 880,942.02 908,491.42 937,071.17
Finished Goods Beginning - - -
Total Goods Available for Sale 854,385.82 880,942.02 908,491.42 937,071.17
Finished Goods Ending - - - -
Cost of Goods Sold 854,385.82 880,942.02 908,491.42 937,071.17
Production in units
1 2 3 4
Sales in Units 7,905 9,486 11,383 13,660
Ending Inventory
Total units available 7,905 9,486 11,383 13,660
Beginning - - -
Total Production Required 7,905 9,486 11,383 13,660
5
16,392
16,392
-
16,392
966,719.80
16,392.00
58.98
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Schedule for Cost of Service
1 2 3 4
Utilities 710,058.84 736,615.04 764,164.44 792,744.19
Depreciation - Building 30,436.80 30,436.80 30,436.80 30,436.80
Depreciation - Equipment 113,890.18 113,890.18 113,890.18 113,890.18
Total 854,385.82 880,942.02 908,491.42 937,071.17
5
822,392.83
30,436.80
113,890.18
966,719.80
ActivEscape
Income Statement
Operating Expenses
Business Permit & Licenses 13,730.00 14,243.50 14,776.21 15,328.84
Salaries and Wages 1,752,000.00 1,817,524.80 1,885,500.23 1,956,017.94
13th Month Pay 146,000.00 151,460.40 157,125.02 163,001.49
Employee Benefits 60,988.00 63,268.95 65,635.21 68,089.97
Advertising Expense 214,285.71 222,300.00 230,614.02 239,238.98
Depreciation Expense 24,323.74 24,323.74 24,323.74 24,323.74
Total 2,211,327.46 2,293,121.40 2,377,974.43 2,466,000.97
15,902.14
2,029,173.01
169,097.75
70,636.53
248,186.52
24,323.74
2,557,319.69
7,729,399.54
2,318,819.86
5,410,579.68
2,163,733.73
579,704.97
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Statement of Financial Position
Liabilities
Vat Payable 39,646.56 56,656.04 70,734.40 88,254.18
Income Tax 126,200.97 203,538.06 301,319.13 424,618.84
Total 165,847.53 260,194.11 372,053.54 512,873.01
- - - -
Year 5
10,940,960.51
-
10,940,960.51
2,101,800.00
1,268,200.00
(843,253.62)
3,096,197.28
14,037,157.78
110,052.53
579,704.97
689,757.49
13,347,400.29
14,037,157.78
-
ActivEscape
Cash Flow Statement
YEAR
1 2 3
Cash Receipts:
Initial Investment 3,032,124.38
Collections 5,318,200.00 6,594,452.79 8,180,540.82
Total Receipts 8,350,324.38 6,594,452.79 8,180,540.82
Cash Disbursements:
Pre Operating Expense 13,730.00 14,243.50 14,776.21
Utilities Expense 710,058.84 736,615.04 764,164.44
Marketing expense 240,000.00 248,976.00 258,287.70
Salaries Expense 1,752,000.00 1,817,524.80 1,885,500.23
13th Month Pay 146,000.00 151,460.40 157,125.02
Employee Benefits 60,988.00 63,268.95 65,635.21
Land 2,101,800.00
Building 1,268,200.00
Equipment 637,785.00
Income Tax 378,602.91 736,815.16 1,107,495.47
Vat 436,112.19 662,863.03 834,734.47
Total Disbursements 7,745,276.93 4,431,766.89 5,087,718.75
10,152,415.42 12,603,851.72
10,152,415.42 12,603,851.72
15,328.84 15,902.14
792,744.19 822,392.83
267,947.66 277,968.91
1,956,017.94 2,029,173.01
163,001.49 169,097.75
68,089.97 70,636.53
1,575,175.64 2,163,733.73
1,041,530.34 1,298,831.95
5,879,836.08 6,847,736.84
4,272,579.34 5,756,114.88
1,281,773.80 1,726,834.46
2,990,805.54 4,029,280.41
3,920,874.56 6,911,680.09
6,911,680.09 10,940,960.51
Current Ratio
Interpretation:
For year 1, there is P1.46 available assets to pay every P1 liability while in Year 2, there
It can be concluded that the company through the years is liquid.
Return on Sales
Interpretation:
As shown in the table above, income before tax comprises 35% of total sales which me
to the realization of income. This means that for every P1 sales, there is a P0.35 that w
and operating expenses. The percentage of income to sakes continues to increase year
Return on equity
Interpretation:
The return on equity shows how much income can be realized for every pero investme
will give a return of 44% income.
Payback
Of the given investment, it will take 2 year and 1 month to recover the said investment
Investment To Be Recovered Year
2,427,076.93 1
264,391.03 1
264,391.03 1 month
s.
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Statement of Changes in Equity
1,177,875.71
4,210,000.09
363,028.47
3,846,971.62
Total
3,846,971.62
1,899,688.60
5,746,660.22
648,805.77
5,097,854.45
Total
5,097,854.45
2,812,311.91
7,910,166.36
927,846.62
6,982,319.74
Total
6,982,319.74
3,963,109.14
10,945,428.88
1,281,773.80
9,663,655.08
Total
9,663,655.08
5,410,579.68
15,074,234.76
1,726,834.46
13,347,400.29