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SCHEDULE 1st Year 2nd Year 3rd Year 4th Year 5th Year
SALES REVENUE 1 17,249,142.86 18,629,074.29 20,119,400.23 21,728,952.25 23,467,268.43
LESS: COST OF GOODS SOLD 11,895,960.59 12,609,718.23 13,366,301.32 14,168,279.40 15,018,376.16
GROSS PROFIT 5,353,182.27 6,019,356.06 6,753,098.91 7,560,672.85 8,448,892.26
OTHER INCOME (SALE OF FOOD WASTE) 2 100,160.00 100,160.00 100,160.00 100,160.00 100,160.00
TOTAL INCOME 5,453,342.27 6,119,516.06 6,853,258.91 7,660,832.85 8,549,052.26
LESS: OPERATING EXPENSES
EMPLOYEES COMPENSATION AND OTHER BENEFITS 3 3,077,786.45 3,077,786.45 3,077,786.45 3,077,786.45 3,077,786.45
OVERTIME & HOLIDAY PAY 3 1,004,575.00 1,004,575.00 1,004,575.00 1,004,575.00 1,004,575.00
PROMOTIONS & ADVERTISING 10,520.00 11,151.20 11,820.27 12,529.49 13,281.26
ELECTRICITY 72,000.00 76,320.00 80,899.20 85,753.15 90,898.34
WATER 12,000.00 12,720.00 13,483.20 14,292.19 15,149.72
COMMUNICATION 23,988.00 23,988.00 23,988.00 23,988.00 23,988.00
TRANSPORTATION 9,600.00 10,176.00 10,786.56 11,433.75 12,119.78
PACKAGING MATERIALS & SUPPLIES 6,000.00 6,360.00 6,741.60 7,146.10 7,574.86
FUEL 57,600.00 61,056.00 64,719.36 68,602.52 72,718.67
CLOTHING ALLOWANCE 8,000.00 8,480.00 8,988.80 9,528.13 10,099.82
DEPRECIATION EXPENSE - KITCHEN WARES 4 41,271.33 41,271.33 41,271.33 41,271.33 41,271.33
DEPRECIATION EXPENSE - FURNITURES & FIXTURES 4 29,892.86 29,892.86 29,892.86 29,892.86 29,892.86
DEPRECIATION EXPENSE - BUILDING, FACILITIES & EQUIPMENT 4 219,645.98 219,645.98 219,645.98 219,645.98 219,645.98
PERMIT & LICENSES 517,474.29 558,872.23 603,582.01 651,868.57 704,018.05
MISCELLANEOUS EXPENSES 24,000.00 25,440.00 26,966.40 28,584.38 30,299.45
TOTAL OPERATING EXPENSES 5,114,353.90 5,167,735.05 5,225,147.02 5,286,897.90 5,353,319.57
OPERATING INCOME 338,988.36 951,781.01 1,628,111.89 2,373,934.95 3,195,732.70
LESS: INCOME TAX 101,696.51 285,534.30 488,433.57 712,180.48 958,719.81
NET INCOME 237,291.85 666,246.71 1,139,678.32 1,661,754.46 2,237,012.89
SCHEDULE 1: SALES REVENUE:
QUANTITY SOLD TOTAL OUTPUT SALES, NET
PRODUCT SELLING PRICE PER MONTH ANNUALLY SALES VAT OF VAT
Finger Foods:
Nachos 85.00 468 5,616 477,360.00 51,145.71 426,214.29
Tacos 65.00 468 5,616 365,040.00 39,111.43 325,928.57
Pizza 120.00 390 4,680 561,600.00 60,171.43 501,428.57
Sandwiches 35.00 390 4,680 163,800.00 17,550.00 146,250.00
Burger 40.00 390 4,680 187,200.00 20,057.14 167,142.86
Fries 65.00 624 7,488 486,720.00 52,148.57 434,571.43
Chicken Inasal 60.00 650 7,800 468,000.00 50,142.86 417,857.14
Chips/Potato Chips 55.00 260 3,120 171,600.00 18,385.71 153,214.29
Cheese Stick 45.00 390 4,680 210,600.00 22,564.29 188,035.71
Pork Sisig 110.00 390 4,680 514,800.00 55,157.14 459,642.86
Tempura Shrimp 95.00 390 4,680 444,600.00 47,635.71 396,964.29
Grilled Bangus 110.00 390 4,680 514,800.00 55,157.14 459,642.86
Shanghai 60.00 520 6,240 374,400.00 40,114.29 334,285.71
Chicken Feet 60.00 260 3,120 187,200.00 20,057.14 167,142.86
Grilled Pork 65.00 650 7,800 507,000.00 54,321.43 452,678.57
Frappes:
Chocolate 70.00 520 6,240 436,800.00 46,800.00 390,000.00
Mocha 70.00 520 6,240 436,800.00 46,800.00 390,000.00
Coffee 70.00 156 1,872 131,040.00 14,040.00 117,000.00
Strawberry 70.00 390 4,680 327,600.00 35,100.00 292,500.00
Juices:
In Can 35.00 624 7,488 262,080.00 28,080.00 234,000.00
Ice Tea 50.00 520 6,240 312,000.00 33,428.57 278,571.43
Fresh Fruit Shake:
Avocado 45.00 520 6,240 280,800.00 30,085.71 250,714.29
Mango 45.00 650 7,800 351,000.00 37,607.14 313,392.86
Buko 45.00 780 9,360 421,200.00 45,128.57 376,071.43
Apple 45.00 650 7,800 351,000.00 37,607.14 313,392.86
Pineapple 45.00 260 3,120 140,400.00 15,042.86 125,357.14
Alcoholic Beverages:
Bucket of Beer 210.00 520 6,240 1,310,400.00 140,400.00 1,170,000.00
Tower of Beer 350.00 78 936 327,600.00 35,100.00 292,500.00
Red Horse (1 liter) 110.00 312 3,744 411,840.00 44,125.71 367,714.29
Red Horse (stallion) 40.00 1,248 14,976 599,040.00 64,182.86 534,857.14
San Mig 40.00 624 7,488 299,520.00 32,091.43 267,428.57
Tanduay Iced 35.00 260 3,120 109,200.00 11,700.00 97,500.00
KITCHEN WARES
Quantity Unit Unit Cost Total Cost Estimated Life Depreciation
Fork 20 dozen 250.00 5,000.00 3 1,666.67
Spoon 20 dozen 250.00 5,000.00 3 1,666.67
Plates 240 pieces 150.00 36,000.00 3 12,000.00
Glasses 20 dozen 1,000.00 20,000.00 3 6,666.67
Pitchers 50 pieces 880.00 44,000.00 3 14,666.67
Measuring cups and spoon 2 pieces 80.00 160.00 3 53.33
Strainer 4 pieces 85.00 340.00 3 113.33
Mixing bowl 5 pieces 240.00 1,200.00 3 400.00
Blender 4 pieces 1,200.00 4,800.00 3 1,600.00
Cutting board 6 pieces 99.00 594.00 3 198.00
Food serving tray 2 dozen 240.00 480.00 3 160.00
Knife Set 3 set 480.00 1,440.00 3 480.00
CookWare 3 set 1,600.00 4,800.00 3 1,600.00
TOTAL 123,814.00 41,271.33
Noncurrent Assets:
Land 3,600,000.00 3,600,000.00 3,600,000.00 3,600,000.00 3,600,000.00
Building, Facilities & Equipment 3,658,801.00 3,658,801.00 3,658,801.00 3,658,801.00 3,658,801.00
Less: Accumulated Depreciation 219,645.98 3,439,155.02 439,291.95 3,219,509.05 658,937.93 2,999,863.07 878,583.90 2,780,217.10 1,098,229.88 2,560,571.12
Kitchen Wares 123,814.00 123,814.00 123,814.00 123,814.00 123,814.00
Less: Accumulated Depreciation 41,271.33 82,542.67 82,542.67 41,271.33 123,814.00 - 41,271.33 82,542.67 82,542.67 41,271.33
Furniture & Fixtures 209,800.00 209,800.00 209,800.00 209,800.00 209,800.00
Less: Accumulated Depreciation 29,892.86 179,907.14 59,785.71 150,014.29 89,678.57 120,121.43 119,571.43 90,228.57 149,464.29 60,335.71
Total Noncurrent Assets 7,301,604.83 7,010,794.67 6,719,984.50 6,552,988.33 6,262,178.17
Current Liabilities:
VAT Payable (Schedule 1) 53,531.82 60,193.56 67,530.99 75,606.73 84,488.92
Income Tax Payable 8,474.71 23,794.53 40,702.80 59,348.37 79,893.32
Accounts Payable 34,315.27 35,344.73 36,405.07 37,497.22 38,622.14
Total Current Liabilities 96,321.80 119,332.82 144,638.86 172,452.33 203,004.38
Partners' Equity:
Contribution by Partners'/Partners' Equity - Beginning 8,000,000.00 8,047,458.37 8,180,707.71 8,408,643.38 8,740,994.27
Add: Net Income 237,291.85 666,246.71 1,139,678.32 1,661,754.46 2,237,012.89
Total 8,237,291.85 8,713,705.08 9,320,386.04 10,070,397.84 10,978,007.16
Less: Withdrawals 189,833.48 532,997.37 911,742.66 1,329,403.57 1,789,610.31
Partners' Equity - Ending 8,047,458.37 8,180,707.71 8,408,643.38 8,740,994.27 9,188,396.85
TOTAL LIABILITIES & PARTNERS' EQUITY 8,143,780.17 8,300,040.53 8,553,282.24 8,913,446.60 9,391,401.23
SCHEDULE 1 : VAT PAYABLE
YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5
OUTPUT VAT 2,069,897.14 2,235,488.91 2,414,328.03 2,607,474.27 2,816,072.21
LESS: INPUT VAT 1,427,515.27 1,513,166.19 1,603,956.16 1,700,193.53 1,802,205.14
TOTAL VAT PAYABLE 642,381.87 722,322.73 810,371.87 907,280.74 1,013,867.07
DIVIDE 12 12 12 12 12
VAT PAYABLE 53,531.82 60,193.56 67,530.99 75,606.73 84,488.92
CHILL OUT RESTOBAR
STATEMENT OF CASH FLOWS
FOR 5 YEARS OPERATION
INCREASE in CASH & CASH EQUIVALENTS 722,791.10 440,057.47 536,622.54 519,290.06 760,426.88
BEGINNING CASH ON HAND AND IN BANKS - 722,791.10 1,162,848.57 1,699,471.11 2,218,761.17
ENDING CASH ON HAND AND IN BANKS 722,791.10 1,162,848.57 1,699,471.11 2,218,761.17 2,979,188.05