Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
SALES BOOK
Year 3
NOT BALANCED!!! D E B I T C R E D I T
S A L E S
DATE PARTICULARS REF CASH IN BANK
T O T A L S 8,081,291 7,215,438
QUANTITY PROJ. SALES
PROJ. QUANT.
NAME SP VAT SP INCL. VAT PRODUCED SP INCL. VAT
SOLD YR 1
PER WEEK
CHAIR
CORDUROY 2,020.00 242.00 2,262.00 12.00 429.00 970,398.00 2,352.00
LEATHER 1,850.00 222.00 2,072.00 6.00 279.00 578,088.00 2,155.00
ROPE 3,550.00 426.00 3,976.00 6.00 300.00 1,192,800.00 4,135.00
TABLE
CORDUROY 2,590.00 311.00 2,901.00 6.00 343.00 995,043.00 3,017.00
LEATHER 2,780.00 334.00 3,114.00 6.00 214.00 666,396.00 3,239.00
ROPE 4,250.00 510.00 4,760.00 12.00 579.00 2,756,040.00 4,950.00
TOTAL 7,158,765.00
5 5 5
5 5 5
5 5 5
5 5 5
5 5 5
CASH DISBURSEMENT BOOK
Pre-operating
NOT BALANCED!!! C R E D I T
ACCRUED
SSS/HDMF/PHIC PREMIUMS PAYABLE EXPENSES PAYABLE
DATE PARTICULARS PAYEE CASH IN BANK Capital
SSS HDMF PHIC OTHERS
C R E D I T
ACCRUED
SSS/HDMF/PHIC PREMIUMS PAYABLE EXPENSES
PAYABLE
DATE PARTICULARS PAYEE CASH IN BANK Capital
1,747,570.28
CASH DISBURSEMENT BOOK
Year 2
D E B I T
ACCRUED
SSS/HDMF/PHIC PREMIUMS PAYABLE EXPENSES
PAYABLE
DATE PARTICULARS PAYEE CASH IN BANK Capital
Page 5 of 152
0.00 (56,196.88)
D E B I T
ACCRUED
SSS/HDMF/PHIC PREMIUMS PAYABLE EXPENSES
PAYABLE
DATE PARTICULARS PAYEE CASH IN BANK Capital
- - D E B I T
ACCRUED
SSS/HDMF/PHIC PREMIUMS PAYABLE EXPENSES
PAYABLE
DATE PARTICULARS PAYEE CASH IN BANK Capital
Page 6 of 152
DATE PARTICULARS PAYEE CASH IN BANK Capital
Page 7 of 152
T
PREPAID PROPERTIES & EQUIPMENTS
CASH FUNDS ACCOUNTS RECEIVABLE INVENTORY EXPENSES EQUIPMENTS
Income Tax payable FURNITURES&
REVOLVING FIXTURE Motor Vehicle OFFICE Production
TRADE AFFILIATES NON-TRADE RAW MATERIALS Rent
FUND EQUIPMENT Equipment
40,000.00 45,000.00
989,944.31
300,000.00 41,781.00 21,399.75
17,213.00
53,627.68
T
PREPAID PROPERTIES & EQUIPMENTS
CASH FUNDS ACCOUNTS RECEIVABLE INVENTORY EXPENSES
EQUIPMENTS
Income Tax payable
FURNITURES&
REVOLVING FIXTURE Motor Vehicle OFFICE Production
FUND TRADE AFFILIATES NON-TRADE RAW MATERIALS Rent EQUIPMENT Equipment
3,213,449.93
(98,994.43)
(185,979.32)
CHANGE FUND TRADE AFFILIATES NON-TRADE RAW MATERIALS Rent FURNITURES& OFFICE
FIXTURE EQUIPMENT
3,243,213.31
(98,994.43)
(293,639.54)
Page 8 of 152
0.00 (98,994.43) 3,243,213.31 0.00 0.00
3,299,505.70
(98,994.43)
(377,200.90)
T
PREPAID
CASH FUNDS ACCOUNTS RECEIVABLE INVENTORY EXPENSES PROPERTIES & EQUIPMENTS
3,265,885.32
(98,994.43)
(484,880.60)
T
PREPAID
CASH FUNDS ACCOUNTS RECEIVABLE INVENTORY EXPENSES PROPERTIES & EQUIPMENTS
Page 9 of 152
Income Tax Payable
CHANGE FUND TRADE AFFILIATES NON-TRADE RAW MATERIALS Rent FURNITURES& OFFICE
FIXTURE EQUIPMENT
3,294,191.27
(98,994.43)
(603,035.97)
Page 10 of 152
QUIPMENTS SALARIES & WAGES - OPERATIONS
EQUIPMENTS RENOVATION PROFESSIONAL REGULAR / PROBATIONARIES SSS/HDMF/PHIC
LEASEHOLD COSTS FEES E COLA /
Store Equipment IMPROVEMENTS VAT BASIC OVERTIME HOLIDAY PAY ALLOWANCES SSS HDMF
726,356.00
989,944.31
55,009.75
6,435.32
15,000.00
385,613.99
846,420.13 55,408.80 13,824.42
446,108.00 34,070.40 9,310.08
343,178.18
389,185.60
846,420.13 55,408.80 13,824.42
446,108.00 34,070.40 9,310.08
15,000.00
421,903.75
Page 11 of 152
811,089.35
15,000.00
466,218.11
15,000.00
523,220.36
395,302.95
865,705.63 56,292.00 14,226.90
455,013.60 35,841.60 9,496.32
15,000.00
578,271.11
Page 13 of 152
C R E D I T
EMPLOYEE BENEFITS - OPERATIONS TAXES & UTILITIES
SS/HDMF/PHIC SEPARATION & LICENSES
EMPLOYEES EMPLOYEES RENT
OVERTIME HOLIDAY PAY 13TH MONTH PAY RETIREMENT MEALS
PHIC UNIFORM INCENTIVES TAXES & LICENSES POWER
BENEFITS
6,216.27
- - - - - - - - - - 6,216.27
0.00 7,210.37
D E D I T
EMPLOYEE BENEFITS TAXES &
LICENSES UTILITIES
S/HDMF/PHIC
SEPARATION & RENT
EMPLOYEES EMPLOYEES
OVERTIME HOLIDAY PAY 13TH MONTH PAY UNIFORM RETIREMENT INCENTIVES MEALS TAXES &
PHIC BENEFITS LICENSES POWER
10,911.18 73,601.75
6,400.32 112,393.75 4,240.00
180,000.00
149,963.41
127,104.76
21,213.33
C R E D I T
EMPLOYEE BENEFITS - OPERATIONS
TAXES & UTILITIES
LICENSES
S/HDMF/PHIC
SEPARATION & RENT
OVERTIME HOLIDAY PAY 13TH MONTH PAY EMPLOYEES RETIREMENT EMPLOYEES OTHERS
UNIFORM INCENTIVES
PHIC BENEFITS TAXES & POWER
LICENSES
10,911.18 73,601.75
6,400.32 112,393.75
180,000.00
149,065.78
138,253.91
21,213.33
Page 14 of 152
21,213.33 322,024.93
C R E D I T
EMPLOYEE BENEFITS - OPERATIONS
TAXES & UTILITIES
LICENSES
S/HDMF/PHIC
SEPARATION & RENT
OVERTIME HOLIDAY PAY 13TH MONTH PAY EMPLOYEES RETIREMENT EMPLOYEES OTHERS
UNIFORM BENEFITS INCENTIVES TAXES &
PHIC LICENSES POWER
11,187.96 75,278.75
6,528.00 114,845.15 4,410
154,581.22
143,369.31
21,213.33
180,000.00
C R E D I T
EMPLOYEE BENEFITS - OPERATIONS
TAXES &
LICENSES UTILITIES
S/HDMF/PHIC
SEPARATION & RENT
EMPLOYEES EMPLOYEES
OVERTIME HOLIDAY PAY 13TH MONTH PAY RETIREMENT OTHERS
UNIFORM INCENTIVES TAXES &
PHIC BENEFITS POWER
LICENSES
11,187.96 75,278.75
6,528.00 114,845.15
160,300.72
148,673.97
21,213.33
180,000.00
C R E D I T
EMPLOYEE BENEFITS - OPERATIONS
TAXES &
LICENSES UTILITIES
S/HDMF/PHIC
SEPARATION & RENT
EMPLOYEES EMPLOYEES
OVERTIME HOLIDAY PAY 13TH MONTH PAY UNIFORM RETIREMENT INCENTIVES OTHERS
BENEFITS
Page 15 of 152
SEPARATION & RENT
EMPLOYEES EMPLOYEES
OVERTIME HOLIDAY PAY 13TH MONTH PAY UNIFORM RETIREMENT INCENTIVES OTHERS
PHIC BENEFITS TAXES & POWER
LICENSES
11,187.96 75,278.75
6,528.00 114,845.15
166,231.85
154,174.91
21,213.33
180,000.00
Page 16 of 152
UTILITIES COMMUNICATIONS - OPERATIONS COMMUNICATIONS - ADMIN
TRAININGS & ADVERTISING &
Capital SEMINARS PROMO
WATER LANDLINE MOBILE INTERNET POSTAGE LANDLINE MOBILE INTERNET POSTAGE
33,466.96 17,988.00
5,172.00
34,705.24 18,707.52
5,378.88
Page 17 of 152
322,024.93 18,707.52
35,989.33 19,455.82
5,594.04
37,320.94 20,234.05
5,817.80
38,701.81 21,043.42
6,050.51
Page 19 of 152
REPRESENTATION SUPPLIES - OPERATIONS
RESEARCH & MANAGEMENT REPAIRS AND
CSR TICKETS HO ALLOCATION SECURITY/JANITO
DEVELOPMENT REPRESENTATION MAINTENANCE
OPERATION ADMIN OFFICE SUPPLIES Safety Supplies RIAL
3,095.75
403.00
- - - - - - - 3,095.75 - 403.00 -
2,506.00
7,130.70
5,502.75
144,000.00
588.00
5,722.86
668.72
144,000.00
3,007.20
6,806.22
Page 20 of 152
REPRESENTATION SUPPLIES - OPERATIONS
5,951.77
144,000.00
695.47
3,608.64
7,466.31
6,189.85
144,000.00
723.29
7,164.75
4,330.37
6,437.44
144,000.00
752.22
7,859.60
5,196.44
Page 22 of 152
Schedu
Schedule o
(in
OFFICE
Tel/internet 1 0.17
Printer 1 0.32
Light 2 0.09
Computer Set 2 0.4
Aircondition Unit 1 2.29
OUTDOOR
Light 2 0.09
CCTV 1 0.05
STORAGE
Light 2 0.09
COMFORT ROOMS
Light 2 0.09
Exhaust Fan 2 0.17
SHOWROOM
lights 10 0.09
Ceiling fan 2 0.27
CCTV 2 0.05
PRODUCTION AREA
Lights 6 0.09
Exhaust Fan 1 0.17
Industrial Fan 2 1.2
Electric Drill 2 0.8
Tire Cutter 1 0.1
Water Dispenser 1 1.2
Total production cost
Schedule of Water Ex
ETIRENITY
Schedule of Water Exp
(in Philippine Cu
Month Consumption cu.m 11-20m3 Rate Result 21-30m3 Rate Result
YEAR 1
YEAR 2
YEAR 3
YEAR 4
YEAR 5
Schedule of Electricity Expense
ETIRENITY
Schedule of Electricity Expense - Year 1
(in Philippine Currency)
NO. OF NO. OF
TOTAL KW OEDC TOTAL COST HOURS DAYS
YEAR 1 17,988.00
YEAR 2 18,707.52
YEAR 3 19,455.82
YEAR 4 20,234.05
YEAR 5 21,043.42
TOTAL COST
ELECTRICITY (SUMMARY)
3,771.14 YEAR 1
7,098.62 YEAR 2
3,992.98 YEAR 3
17,746.56 YEAR 4
50,799.53 YEAR 5
3,992.98
2,957.76
3,992.98
3,992.98
7,542.29
19,964.88
11,978.93
5,915.52
11,978.93
3,771.14
53,239.68
35,493.12
2,218.32
26,619.84
133,321.03 48%
277,068.17
TOTAL BILL Pre operationss
WATER (SUMMARY)
3,976.37 994.09
4,912.37 YEAR 1
4,192.37 YEAR 2
4,588.37 YEAR 3
4,516.37 YEAR 4
4,012.37 YEAR 5
4,120.37
3,832.37
4,732.37
4,336.37
3,832.37
4,084.37
50,142.35
Total AMOUNT Admin Production Pre ops
33,466.96
34,705.24
35,989.33
37,320.94
38,701.81
MAINTENANCE SUPPLIES
PRE OPERATING
NAME QUANTITY UNIT COST PURCHASE COST
Broom and Dustpan 2 sets 85.00 170.00
Broomstick 1 25.00 25.00
Garbage Bag 2 sets 24.00 48.00
Trash Can 2 80.00 160.00
TOTAL 403.00
MAINTENANCE SUPPLIES
YEAR 1
NAME QUANTITY UNIT COST PURCHASE COST
Broom and Dustpan 2 sets 85.00 170.00
Broomstick 2 25.00 50.00
Garbage Bag 12 sets 24.00 288.00
Trash Can 1 80.00 80.00
TOTAL 588.00
MAINTENANCE SUPPLIES
YEAR 2
NAME QUANTITY UNIT COST PURCHASE COST
Broom and Dustpan 2 sets 88.40 176.80
Broomstick 1 26.00 26.00
Garbage Bag 12 sets 24.96 299.52
Trash Can 2 83.20 166.40
TOTAL 668.72
MAINTENANCE SUPPLIES
YEAR 3
NAME QUANTITY UNIT COST PURCHASE COST
Broom and Dustpan 2 sets 91.94 183.87
Broomstick 1 27.04 27.04
Garbage Bag 12 sets 25.96 311.50
Trash Can 2 86.53 173.06
TOTAL 695.47
MAINTENANCE SUPPLIES
YEAR 4
NAME QUANTITY UNIT COST PURCHASE COST
Broom and Dustpan 2 sets 95.61 191.23
Broomstick 1 28.12 28.12
Garbage Bag 12 sets 27.00 323.96
Trash Can 2 89.99 179.98
TOTAL 723.29
MAINTENANCE SUPPLIES
YEAR 5
NAME QUANTITY UNIT COST PURCHASE COST
Broom and Dustpan 2 sets 99.44 198.88
Broomstick 1 29.25 29.25
Garbage Bag 12 sets 28.08 336.92
Trash Can 2 93.59 187.18
TOTAL 752.22
OFFICE FURNITURE
For Year 1/Pre-operating Period (Php)
Item Quantity Unit Cost Purchase Cost w/ VAT
Office Table 3 3,000.00 9,000.00
Office Chair 3 999.00 2,997.00
Mono block Chair 10 190.00 1,900.00
Filling Cabinet 2 1,658.00 3,316.00
TOTAL 17,213.00
OFFICE EQUIPMENT
For Year 1/Pre-operating Period (Php)
Item Quantity Unit Cost Purchase Cost w/ VAT
Office Computer 2 12,299.00 24,598.00
Printer, Scanner &
Copier 1 7,748.00 7,748.00
Office Telephone
w/ Internet 1 3,999.00 3,999.00
Air Conditioner 1 9,435.00 9,435.00
TOTAL 45,780.00
OFFICE SUPPLIES
For Pre-operating Period (Php)
Item Quantity Unit of measure Unit Cost
Ballpen 1 box 150.00
Logbook 2 pc 49.00
Glue 1 pc 48.00
Fastener 1 box 56.00
Staple Wire 2 box 28.00
Brown Envelop (lo 5 pc 5.00
Correction Tape 2 pc 20.00
Coupon Bond (long 2 ream 134.00
Coupon Bond (shor 2 ream 159.00
DTR 1 pack 15.00
Folder 5 pc 5.00
Paper Clips 1 box 12.00
Mobile Phone 1 pc 500.00
Pencil 1 box 66.00
Binder Clips 2 box 30.00
Puncher 1 pc 109.00
Clip board 2 box 40.00
Scissors 2 pc 25.00
Scotch Tape 2 pc 9.00
Sharpener 1 pc 248.00
Stapler 2 pc 82.00
Calculator 1 pc 459.75
Tape Dispenser 1 pc 48.00
Board Planner 1 pc 200.00
TOTAL
OFFICE SUPPLIES
For 1 Year Period (Php)
Item Quantity Unit of measure Unit Cost
Ballpen 3 box 150.00
Logbook 6 pc 49.00
Glue 6 pc 48.00
Fastener 4 box 56.00
Staple Wire 10 box 28.00
Brown Envelop (lo 30 pc 5.00
Correction Tape 6 pc 20.00
Coupon Bond (long 6 ream 134.00
Coupon Bond (shor 6 ream 159.00
DTR 10 pack 15.00
Folder 30 pc 5.00
Paper Clips 6 box 12.00
Mobile Phone 0 pc 500.00
Pencil 3 box 66.00
Binder Clips 6 box 30.00
Puncher 1 pc 109.00
Clip board 6 box 40.00
Scissors 2 pc 25.00
Scotch Tape 6 pc 9.00
Sharpener 0 pc 248.00
Stapler 1 pc 82.00
Calculator 1 pc 459.75
Tape Dispenser 1 pc 48.00
Board Planner 1 pc 200.00
TOTAL
VEHICLE
For Year 1/Pre-operating Period (Php)
Item Quantity Unit Cost Purchase Cost w/ VAT
NHR 55 Flexi 1 300,000.00 300,000.00
TOTAL 300,000.00
STORE EQUIPMENT
For Year 1/Pre-operating Period (Php)
Item Quantity Unit Cost Purchase Cost w/ VAT
Bundy Clock 1 2,799.00 2,799.00
Industrial Fan 2 5,931.00 11,862.00
Ceiling Fan 2 4,200.00 8,400.00
Cash Vault 1 1,500.00 1,500.00
CCTV 1 12,299.00 12,299.00
Generator 1 12,999.75 12,999.75
Water Dispenser 1 5,150.00 5,150.00
TOTAL 55,009.75
PRODUCTION EQUIPMENT
For Year 1/Pre-operating Periond (Php)
Items Quantity Unit Cost Purchase Cost w/ VAT
Electric Drill 2 4,200.00 8,400.00
Sewing Machine 1 7,500.00 7,500.00
Gun Tucker 2 2,300.00 4,600.00
Tool Box Set 1 899.75 899.75
TOTAL 21,399.75
ADVERTISEMENT YEAR 1/PRE-OPERATING
ITEM QUANTITY UNIT COST PURCHASE COST
FLYERS 4 packs 1,146.00 4,584.00
TARPULIN 12 pairs 49.00 588.00
TOTAL 5,172.00
ADVERTISEMENT YEAR 2
ITEM QUANTITY UNIT COST PURCHASE COST
FLYERS 4 packs 1,191.84 4,767.36
TARPULIN 6 pairs 50.96 611.52
TOTAL 5,378.88
ADVERTISEMENT YEAR 3
ITEM QUANTITY UNIT COST PURCHASE COST
FLYERS 4 packs 1,239.51 4,958.05
TARPULIN 6 pairs 53.00 635.98
TOTAL 5,594.04
ADVERTISEMENT YEAR 4
ITEM QUANTITY UNIT COST PURCHASE COST
FLYERS 4 packs 1,289.09 5,156.38
TARPULIN 6 pairs 55.12 661.42
TOTAL 5,817.80
ADVERTISEMENT YEAR 5
ITEM QUANTITY UNIT COST PURCHASE COST
FLYERS 4 packs 1,340.66 5,362.63
TARPULIN 6 pairs 57.32 687.88
TOTAL 6,050.51
Installation
OFFICE SUPPLIES
Purchase Cost w/ VAT Year Amount
450.00 Year 2 5,722.86
294.00 Year 3 5,951.77
288.00 Year 4 6,189.85
224.00 Year 5 6,437.44
280.00
150.00
120.00
804.00
954.00
150.00
150.00
72.00
-
198.00
180.00
109.00
240.00
50.00
54.00
-
82.00
459.75
48.00
200.00
5,502.75
SAFETY SUPPLIES YEAR 1 PERMITS AND LICENCESPRE-O
ITEM QUANTITY UNIT COST PURCHASE COST BUSINESS PERMIT
Mask and Goggles 4 packs 1,146.00 4,584.00 Mayor's Permit Fee
Gloves 12 pairs 49.00 588.00 Sanitary Permit
First Aid Kit 1 458.95 458.95 ESMO Clearnce Certificate
Fire Extinguisher 1 1,499.75 1,499.75 Fire Safety Inspection
TOTAL 7,130.70 DTI Permit
Certificate of Annual Inspection
SAFETY SUPPLIES YEAR 2 SEC
ITEM QUANTITY UNIT COST PURCHASE COST Registration of Vehicles
Mask and Goggles packs 1,175.80 4,703.18 Zoning Certification Fee
Gloves 12 pairs 50.27 603.29 Zoning Inspection Fee
First Aid Kit 470.88 - BIR Permit
Fire Extinguisher 1 1,499.75 1,499.75 Official Receipt/Cash Invoice
TOTAL 6,806.22 TOTAL
ER
1 General manager 15,015.00 180,180.00 206.46
1 Production Manager 13,650.00 163,800.00 187.69
1 Bookkeeper 13,943.75 167,325.00 191.73
1 Sales Associate 10,712.00 128,544.00 147.29
1 Security Guard 12,000.00 144,000.00
1 Driver/Porter 9,958.00 119,496.00 199.16
Total 75,278.75 903,345.00 11,187.96
Emp.Ben-Admin 81,706.86 22,375.92
4 Production Worker 9,891.96 474,796.80 544.00
Total 114,846.59 1,378,141.80 6,528.00
Emp.Ben-Operations 51,865.92 13,056.00
Philhealth SSS PAGIBIG
EE ER EE EC ER EE
196.63 1,068.20 526.80 10.00 286.00 286.00
178.75 957.70 472.30 10.00 260.00 260.00
191.73 1,031.30 508.70 10.00 278.88 278.88
143.00 773.50 381.50 10.00 208.00 208.00
EE ER EE EC ER EE
206.46 1,105.00 545.00 10.00 300.30 300.30
187.69 994.50 490.50 10.00 273.00 273.00
191.73 1,031.30 508.70 10.00 278.88 278.88
147.29 773.50 381.50 10.00 214.24 214.24
T O T A L S
GENERAL JOURNAL
YEAR 2
- -
T O T A L S
GENERAL JOURNAL
YEAR 3
- -
To record WIP
Year 3 To record year end FG inventory
Year 3 To accrue salaries - admin
Year 3 To accrue salaries - Operations
T O T A L S
GENERAL JOURNAL
YEAR 4
- -
To record WIP
Year 4 To accrue salaries - admin
Year 4 To accrue salaries - Operations
T O T A L S
GENERAL JOURNAL
YEAR 5
- -
T O T A L S
JANUARY JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
ALL
ACCOUNTS
RECEIVABLE INVENTORY PREPAID EXPENSES
RENOVATION COSTS
(2,903,316.79)
22,641.36
- (2,903,316.79) 22,641.36 - - -
0.00 (2,903,316.79) 22,641.36
ACCOUNTS
RECEIVABLE INVENTORY PREPAID EXPENSES
PRE-OPERATING
EXPENSES
NON-TRADE MERCHANDISE FINISH GOODS TAXES & LICENSES OTHERS
(3,090,869.73) (22,641.36)
46,443.64
- (3,090,869.73) 23,802.28 - - -
0.00 (3,090,869.73) 23,802.28
ACCOUNTS
RECEIVABLE INVENTORY PREPAID EXPENSES
PRE-OPERATING
EXPENSES
NON-TRADE MERCHANDISE FINISH GOODS TAXES & LICENSES OTHERS
(3,157,404.80) (46,443.64)
588.62
70,245.92
- (3,157,404.80) 24,390.90 - - -
0.00 (3,157,404.80) 24,390.90
ACCOUNTS
RECEIVABLE INVENTORY PREPAID EXPENSES
PRE-OPERATING
EXPENSES
NON-TRADE FINISH GOODS TAXES & LICENSES OTHERS
MERCHANDISE
(3,222,011.15) (70,245.92)
95,209.13
-
- (3,222,011.15) 24,963.21 - - -
0.00 (3,222,011.15) 24,963.21
ACCOUNTS
RECEIVABLE INVENTORY PREPAID EXPENSES
PRE-OPERATING
EXPENSES
NON-TRADE FINISH GOODS TAXES & LICENSES OTHERS
MERCHANDISE
(3,290,511.34) (95,209.13)
119,011.42
- (3,290,511.34) 23,802.28 - - -
0.00 (3,290,511.34) 23,802.28
PROPERTIES & EQUIPMENTS
2,903,316.79
130,744.08
(22,641.36)
2,880,675.43 - - - - 130,744.08
130,744.08
3,113,511.09
130,744.08
(46,443.64)
3,067,067.45 - - - - 130,744.08
130,744.08
3,203,848.44
130,744.08
(588.62)
(70,245.92)
3,133,013.90 - - - 130,744.08
130,744.08
3,292,257.08
(95,209.13)
130,744.08
-
3,197,047.94 - - - 130,744.08
130,744.08
3,385,720.47
(119,011.42)
130,744.08
3,266,709.06 - - - 130,744.08
130,744.08
DEPRECIATION'AMORTIZATION
DEPRECIATION'AMORTIZATION
DEPRECIATION'AMORTIZATION
DEPRECIATION'AMORTIZATION
DEPRECIATION'AMORTIZATION
- - - - - -
0.00 0.00
SUPPLIES - OPERATIONS
UTILITIES
AMORTIZATION
RENT EXPENSE EXPENSE
OFFICE SUPPLIES CLEANING SUPPLIES
POWER WATER
- - - - - -
0.00 0.00
12,529.08
SUPPLIES - OPERATIONS
UTILITIES
AMORTIZATION
RENT EXPENSE EXPENSE
OFFICE SUPPLIES CLEANING SUPPLIES
POWER WATER
- - - - - -
0.00 0.00
SUPPLIES - OPERATIONS
UTILITIES
AMORTIZATION
RENT EXPENSE EXPENSE
OFFICE SUPPLIES CLEANING SUPPLIES
POWER WATER
- - - - - -
0.00 0.00
SUPPLIES - OPERATIONS
UTILITIES
AMORTIZATION
RENT EXPENSE EXPENSE
OFFICE SUPPLIES CLEANING SUPPLIES
POWER WATER
- - - - - -
0.00 0.00
SUPPLIES - OPERATIONS TAXES & LICENSES
COMMUNICATIONS - OPERATI
MAINTENANCE
PRINTED FORMS TAXES & LICENSES PERMITS / LICENSES OTHERS
SUPPLIES
LANDLINE
- - - - - -
0.00 0.00 0.00
MAINTENANCE
PRINTED FORMS TAXES & LICENSES PERMITS / LICENSES OTHERS
SUPPLIES
LANDLINE
- - - - - -
0.00 0.00 0.00
MAINTENANCE
PRINTED FORMS TAXES & LICENSES PERMITS / LICENSES OTHERS
SUPPLIES
LANDLINE
- - - - - -
0.00 0.00 0.00
MAINTENANCE
PRINTED FORMS TAXES & LICENSES PERMITS / LICENSES OTHERS
SUPPLIES
LANDLINE
- - - - - -
0.00 0.00 0.00
MAINTENANCE
PRINTED FORMS TAXES & LICENSES PERMITS / LICENSES OTHERS
SUPPLIES
LANDLINE
- - - - - -
0.00 0.00 0.00
SALARIES & WA
COMMUNICATIONS - OPERATIONS
SECURITY / REGULAR / PROBATIONARIES
JANITORIAL
MOBILE INTERNET POSTAGE BASIC OVERTIME
36,800.88
19,396.00
- - - - 56,196.88 -
0.00
SALARIES & WA
COMMUNICATIONS - OPERATIONS
SECURITY / REGULAR / PROBATIONARIES
JANITORIAL
MOBILE INTERNET POSTAGE BASIC OVERTIME
36,800.88
19,396.00
- - - - 56,196.88 -
0.00
SALARIES & WA
COMMUNICATIONS - OPERATIONS
SECURITY / REGULAR / PROBATIONARIES
JANITORIAL
MOBILE INTERNET POSTAGE BASIC OVERTIME
37,639.38
19,783.20
- - - - 57,422.58 -
0.00
SALARIES & WA
COMMUNICATIONS - OPERATIONS
SECURITY / REGULAR / PROBATIONARIES
JANITORIAL
MOBILE INTERNET POSTAGE BASIC OVERTIME
37,639.38
19,783.20
- - - - 57,422.58 -
0.00
SALARIES & WA
COMMUNICATIONS - OPERATIONS
SECURITY / REGULAR / PROBATIONARIES
JANITORIAL
MOBILE INTERNET POSTAGE BASIC OVERTIME
37,639.38
19,783.20
- - - - 57,422.58 -
0.00
SALARIES & WAGES - OPERATIONS
ROBATIONARIES CONTRACTED MANPOWER SERVICES REGULAR / PROBATIONARIES
- - - - -
- - - - -
- - - - -
SALARIES & WAGES - ADMIN
REGULAR / PROBATIONARIES CONTRACTED MANPOWER SERVICES
- - - - -
- - - - -
- - - - -
EMPLOYEE BENEFITS - OPERATIONS
SSS/HDMF/PHIC
E COLA / OVERTIME HOLIDAY PAY
ALLOWANCES
SSS HDMF PHIC
- - - - - -
0.00
- - - - - -
0.00
- - - - - -
0.00
NEFITS - OPERATIONS
- - - - - -
0.00
NEFITS - OPERATIONS
SEPARATION & REPAIRS &
13TH MONTH EMPLOYEES EMPLOYEES MAINTENANCE
RETIREMENT OTHERS
PAY UNIFORM INCENTIVES
BENEFITS
- - - - - -
0.00
NEFITS - OPERATIONS
SEPARATION & REPAIRS &
13TH MONTH EMPLOYEES EMPLOYEES MAINTENANCE
RETIREMENT OTHERS
PAY UNIFORM INCENTIVES
BENEFITS
- - - - - -
0.00
NEFITS - OPERATIONS
SEPARATION & REPAIRS &
13TH MONTH EMPLOYEES EMPLOYEES MAINTENANCE
RETIREMENT OTHERS
PAY UNIFORM INCENTIVES
BENEFITS
- - - - - -
0.00
NEFITS - OPERATIONS
SEPARATION & REPAIRS &
13TH MONTH EMPLOYEES EMPLOYEES MAINTENANCE
RETIREMENT MEALS
PAY UNIFORM INCENTIVES
BENEFITS
- - - - - -
0.00
ACCUMULATED DEPRECIATION/AMOR
247,972.43
ACCUMULATED DEPRECIATION/AMOR
ACCUMULATED DEPRECIATION/AMOR
ACCUMULATED DEPRECIATION/AMOR
ACCUMULATED DEPRECIATION/AMOR
LEASEHOLD
Production IMPROVEMENTS Net income
Store Equipment Renovations
Equipments
(578,602.33)
UMULATED DEPRECIATION/AMORTIZATION
LEASEHOLD
Production COMPUTER SOFTWARE IMPROVEMENTS Net income
Renovations
EQUIPMENTS AND DEVELOPMENT
(720,677.80)
3,176.96 8,448.28 98,994.43 130,744.08 (720,677.80)
175,238.58
UMULATED DEPRECIATION/AMORTIZATION
LEASEHOLD
Production COMPUTER SOFTWARE IMPROVEMENTS Net income
Renovations
EQUIPMENTS AND DEVELOPMENT
(933,287.97)
UMULATED DEPRECIATION/AMORTIZATION
LEASEHOLD
COMPUTER IMPROVEMENTS Net income
SOFTWARE AND Store Equipment Renovations
DEVELOPMENT
UMULATED DEPRECIATION/AMORTIZATION
LEASEHOLD
Production COMPUTER SOFTWARE IMPROVEMENTS Net income
Renovations
EQUIPMENTS AND DEVELOPMENT
(1,476,971.42)
247,972.43
578,602.33
36,800.88
19,396.00
308,861.91
720,677.80
36,800.88
19,396.00
720,677.80 308,861.91 56,196.88 - - -
56,196.88
399,980.56
933,287.97
37,639.38
19,783.20
37,639.38
19,783.20
632,987.75
1,476,971.42
37,639.38
19,783.20
- - -
0.00
- - -
0.00
- - -
0.00
ASSET Unit Cost of Asset Life Span Salvage Valu Depreciable Cos Equipment
Office Equipment
Computer 12,299.00 5.00 1,229.90 11,069.10 2.00
Printer 7,748.00 5.00 774.80 6,973.20 1.00
Aircon 9,435.00 5.00 943.50 8,491.50 1.00
29,482.00
Total
Office Furnitures
Office Table 3,000.00 5.00 300.00 2,700.00 3.00
Office Chair 999.00 5.00 99.90 899.10 3.00
Filling Cabinet 1,658.00 5.00 165.80 1,492.20 2.00
Mono Block 190.00 5.00 19.00 171.00 10.00
5,847.00
Total
Store Equipments
Bundy Clock 2,799.00 5.00 279.90 2,519.10 1.00
Cash Vault 1,500.00 3.00 150.00 1,350.00 1.00
CCTV 12,299.00 5.00 1,229.90 11,069.10 1.00
Water Dispenser 5,150.00 10.00 515.00 4,635.00 1.00
Industrial Fan 5,931.00 5.00 593.10 5,337.90 2.00
Ceiling Fan 4,200.00 5.00 420.00 3,780.00 2.00
Generator 12,999.75 10.00 1,299.98 11,699.78 1.00
44,878.75
Total
Production equipment
Electric Drill 4,200.00 5.00 420.00 3,780.00 2.00
Sewing Machine 7,500.00 10.00 750.00 6,750.00 1.00
Gun Tucker 2,300.00 5.00 230.00 2,070.00 2.00
Tool Box Set 899.75 5.00 89.98 809.78 1.00
Total
Vehicle
Van 300,000.00 5.00 30,000.00 270,000.00 1.00
Grand Tota
Leasehold Improvements
Interior Design 90,000.00 5.00 9,000.00 81,000.00 1.00
Signage 10,000.00 5.00 1,000.00 9,000.00 1.00
Plumbing 396,356.00 5.00 39,635.60 356,720.40 1.00
Electrical 80,000.00 5.00 8,000.00 72,000.00 1.00
Preparation of site 150,000.00 5.00 15,000.00 135,000.00 1.00
726,356.00
Total
Pre-operating expenses
Building renovation (50:50 agr 1,979,888.62 10.00 1,979,888.62 1.00
Total
Cost of Asset Total Depreciable Cost 1st Year 2nd Year 3rd Year 4th Year
4,427.64
1,394.64
1,698.30
7,520.58
1,620.00
539.46
596.88
342.00
3,098.34
503.82
450.00
2,213.82
463.50
2,135.16
1,512.00
1,169.98
8,448.28
1,512.00
675.00
828.00
161.96
3,176.96
54,000.00
76,244.15
16,200.00
1,800.00
71,344.08
14,400.00
27,000.00
130,744.08
98,994.43
98,994.43
Tiling works 70,000.00
Interior design estimated cost 90,000.00 LI
Electrical cost estimated cost 80,000.00 LI
Plumbing 396,356.00 LI
Artificial ventilation cost 20,000.00
Signage 10,000.00 LI
Landscape design cost 15,000.00
Site preparation 150,000.00 LI
Total Material Cost 1,436,653.87
Ishi:
Total material Cost 1,436,653.87 Agreed to divide equally the total costs bet
Labor Cost 25 % 359,163.47 and lessor. Lessor's monthly amortization w
against the lessee's monthly rental expens
Total 1,795,817.34 amortization over the rent expense will be
Contingencies 5% 89,790.87 the lessee on a monthly basis.
Total 1,885,608.21
Mobilization/Demob 5% 94,280.41
Total Project cost 1,979,888.62
989,944.31
LEASEHOLD IMPROVEMENTS
INTERIOR DESIGN
ELECTRICAL(AIRCON AND OTHER UTILITIES)
PLUMBING WORKS
SIGNAGE
PREPARATION OF SITE
TOTAL COST
:
eed to divide equally the total costs between the lessee
lessor. Lessor's monthly amortization will be offset
inst the lessee's monthly rental expense. Any excess
ortization over the rent expense will be paid by lessor to
lessee on a monthly basis.
RENOVATION COSTS
Lessor Rental Excess (payable to lessor)
90,000.00 Year 1 98,994.43 180,000.00 81,005.57
80,000.00 Year 2 98,994.43 180,000.00 81,005.57
396,356.00 Year 3 98,994.43 180,000.00 81,005.57
10,000.00 Year 4 98,994.43 180,000.00 81,005.57
150,000.00 Year 5 98,994.43 180,000.00 81,005.57
726,356.00
CASH RECEIPTS BOOK
Pre operaions
D E B CI R T E D I T
ACCOUNTS
RECEIVABLE
DATE PARTICULARS REF CASH IN BANK Capital
NON-TRADE
TOTALS - - -
0.00
TOTALS - - -
0.00
TOTALS - - -
0.00
TOTALS - - -
0.00
TOTALS - - -
0.00
JANUARY JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
ALL
ETIRENITY
TRIAL BALANCE
YEAR 1
-
ACCOUNT TITLES DEBIT CREDIT
Cash on hand
Cash in bank 825,044.28
Cash in bank 825,044.28
Cash funds -
Revolving Fund -
Accounts receivable (98,994.43)
Non-Trade (98,994.43)
Prepaid expenses -
Rent -
Inventory 332,774.49
Raw Materials 310,133.14
Finish Goods 22,641.36
Work in progress -
Renovation costs -
Properties and Equipments -
Furnitures and fixtures -
Motor vehicle -
Office equipment -
Production Equipments -
Store Equipments -
Leasehold improvements -
Salaries Payable 56,196.88
SSS/HDMF/PHIC premiums payable 17,831.00
SSS 11,090.00
HDMF 2,885.25
PHIC 3,855.75
Accumulated depreciation 76,244.15
Accum depr - Furniture and fixtures 3,098.34
Accum depr - Service Vehicle 54,000.00
Accum depr - Office equipment 7,520.58
Accum depr - Production Equipments 3,176.96
Accum depr - Store Equipments 8,448.28
Accum depr - Renovations 98,994.43
Accum Depr - Leasehold Improvements 130,744.08
Income tax payable 61,993.11
Capital 578,602.33
Sales 6,391,754.46
Cash sales 6,391,754.46
VAT Payable 38,218.37
T O T A L 6,871,976.48 6,871,976.48
Estimated purchases unit cost total cost
Actual
used
materials unit (1week) weekly monthly Pre ops
tire pc 49 49 196 42 35.00 1,820.00
rope roll 180 180 720 180 50.00 16,150.00
plyboard 24" pc 49 49 196 42 60.00 3,120.00
plyboard 16.5" pc. 49 49 196 42 40.00 2,080.00
bunfeet 6" pc. 98 98 392 96 25.00 2,600.00
bunfeet 10" pc. 98 98 392 96 36.00 3,744.00
staple wire box 20 20 80 21 30.00 637.50
screw pc 390 390 1560 336 1.50 624.00
rugby bottle 35 35 140 33 75.00 2,714.79
spray paint bottle 20 20 80 18 100.00 2,080.00
stopper pc 95 95 380 96 11.00 1,144.00
varnish mahogany bottle 36 36 144 35 36.00 1,368.00
varnish natural bottle 3 3 10.56 8 36.00 95.04
glass pc 25 25 100 21 350.00 9,100.00
foam 1" sheet 18 18 71 15 900.00 15,975.00
foam 1/2" sheet 25 25 99 20 150.00 3,712.50
gina cloth yard 90 90 360 73 18.00 1,620.00
Curdoroy yard 28 28 112 24 180.00 5,130.00
Leather yard 28 28 112 17 120.00 2,520.00
total 1215
Total net of vat
Est.
Purchases for purchases
pre-ops 12mos YR1 (units) YR1 (total cost) YR2 YR2 (units)
1,470.00 2,352.00 2,202.00 77,070.00 2,375.52 2,376
9,000.00 8,640.00 15,140.00 757,000.00 8,726.40 15,426
2,520.00 2,352.00 2,352.00 141,120.00 2,375.52 2,376
1,680.00 2,352.00 2,352.00 94,080.00 2,375.52 2,376
2,400.00 4,704.00 4,704.00 117,600.00 4,751.04 4,751
3,456.00 4,704.00 4,704.00 169,344.00 4,751.04 4,751
630.00 960.00 960.00 28,800.00 969.60 970
504.00 18,720.00 18,720.00 28,080.00 18,907.20 18,907
2,475.00 1,680.00 1,680.00 126,000.00 1,696.80 1,722
1,800.00 960.00 960.00 96,000.00 969.60 970
1,056.00 4,560.00 4,560.00 50,160.00 4,605.60 4,706
1,260.00 1,728.00 1,758.00 63,288.00 1,745.28 1,820
288.00 126.72 126.72 4,561.92 127.99 128
7,350.00 1,200.00 1,200.00 420,000.00 1,212.00 1,212
13,500.00 852.00 852.00 766,800.00 860.52 711
3,000.00 1,188.00 1,188.00 178,200.00 1,199.88 1,200
1,314.00 4,320.00 4,320.00 77,760.00 4,363.20 4,363
4,320.00 1,344.00 1,344.00 241,920.00 1,357.44 1,357
2,040.00 1,344.00 1,344.00 161,280.00 1,357.44 1,157
60,063.00 70,466.72 3,599,063.92 74,672.93
53,627.68 3,213,449.93
Est. purchases Est. purchases
YR2 (total cost) YR3 YR3 (units) YR3 (total cost) YR4 YR4 (units)
86,468.93 2,399.28 2,399 87,333.62 2,423.27 2,423
802,172.80 8,813.66 15,814 822,310.53 8,901.80 16,202
148,232.45 2,399.28 2,399 149,714.77 2,423.27 2,423
98,821.63 2,399.28 2,399 99,809.85 2,423.27 2,423
123,527.04 4,798.55 4,799 124,762.31 4,846.54 4,847
177,878.94 4,798.55 4,799 179,657.73 4,846.54 4,847
30,251.52 979.30 979 30,554.04 989.09 989
29,495.23 19,096.27 19,096 29,790.18 19,287.23 19,287
134,300.40 1,713.77 1,774 138,353.90 1,730.91 1,811
100,838.40 979.30 979 101,846.78 989.09 989
53,832.06 4,651.66 4,822 55,159.74 4,698.17 4,938
68,151.28 1,762.73 1,863 69,740.72 1,780.36 1,900
4,791.84 129.27 129 4,839.76 130.56 131
441,168.00 1,224.12 1,224 445,579.68 1,236.36 1,236
665,046.72 869.13 769 719,901.19 877.82 778
187,181.28 1,211.88 1,112 173,453.09 1,224.00 1,224
81,679.10 4,406.83 4,407 82,495.90 4,450.90 4,451
254,112.77 1,371.01 1,450 271,440.00 1,493.50 1,094
144,448.51 1,371.01 871 108,702.60 1,384.72 585
3,632,398.91 72,083.85 3,695,446.38 72,577.39
3,243,213.31 3,299,505.70
Est.
purchases
YR4 (total cost) YR5 YR5 (units) YR5 (total cost)
88,206.95 2,447.50 2,358 85,813.02
842,493.63 8,990.82 16,291 847,122.57
151,211.92 2,447.50 2,448 152,724.04
100,807.95 2,447.50 2,448 101,816.03
126,009.93 4,895.00 4,895 127,270.03
181,454.30 4,895.00 4,935 184,766.45
30,859.58 998.98 999 31,168.17
30,088.09 19,480.11 19,480 30,388.97
141,250.64 1,748.21 1,828 142,600.75
102,865.25 998.98 999 103,893.90
56,492.69 4,745.15 5,045 57,716.57
71,149.48 1,833.77 1,934 72,400.38
4,888.16 131.87 132 4,937.04
450,035.48 1,248.72 1,249 454,535.83
728,036.20 886.59 767 717,532.56
190,943.62 1,236.24 936 146,053.06
83,320.85 4,495.41 2,495 46,714.06
204,703.20 1,508.44 1,508 282,379.03
72,973.62 1,398.57 799 99,661.76
3,657,791.56 71,544.37 3,689,494.22
3,265,885.32 3,294,191.27
Estimated purchases
pre-ops
materials unit weekly monthly Pre ops unit cost (3weeks)
tire pc 52 208 42 35.00 1,470.00
rope roll 323 1292 306 50.00 15,300.00
plyboard 24" pc 52 208 42 60.00 2,520.00
plyboard 16.5" pc. 52 208 42 40.00 1,680.00
bunfeet 6" pc. 104 416 96 25.00 2,400.00
bunfeet 10" pc. 104 416 96 36.00 3,456.00
staple wire box 21 85 21 30.00 630.00
screw pc 416 1664 336 1.50 504.00
rugby (350ML) bottle 36 145 33 75.00 2,475.00
spray paint (300ML) bottle 21 83.2 18 100.00 1,800.00
stopper pc 104 416 96 11.00 1,056.00
varnish mahogany (350ML) bottle 38 152 35 36.00 1,260.00
varnish natural (350ML) bottle 3 11 7.92 36.00 285.12
glass pc 26 104 21 350.00 7,350.00
foam 1" sheet 18 71 15 900.00 13,500.00
foam 1/2" sheet 25 99 20 150.00 3,000.00
gina cloth yard 90 360 73 18.00 1,314.00
Curdoroy yard 29 114 24 180.00 4,320.00
Leather yard 21 84 17 120.00 2,040.00
total 66,360.12
Weekly
Products output
Chair - Rope 6.00
Chair - Corduroy 12.00
Chair - Leather 6.00
Estimated
purchases unit cost
Estimated
purchases unit cost
Estimated
purchases unit cost
Total Total
Units Materials Units Materials
Chair - Curdoroy produced used Chair - Leather produced used Table - Rope
1.00 429.00 429.00 1.00 284.00 284.00 1.00
17.00
1.00 429.00 429.00 1.00 284.00 284.00 1.00
1.00 429.00 429.00 1.00 284.00 284.00 1.00
4.00 429.00 1,716.00 4.00 284.00 1,136.00
4.00
0.50 429.00 214.50 0.50 284.00 142.00 0.25
8.00 429.00 3,432.00 8.00 284.00 2,272.00 8.00
0.05 429.00 22.06 0.05 284.00 14.61 2.00
0.40 429.00 171.60 0.40 284.00 113.60 0.40
4.00
2.00
0.08 429.00 34.32 0.08 284.00 22.72
1.00
0.50 429.00 214.50 0.50 284.00 142.00 0.25
0.75 429.00 321.75 0.75 284.00 213.00
2.00 429.00 858.00 2.00
1.50 429.00 643.50
1.50 284.00 426.00
8,915.23 5,333.93
Total Total
Units Materials Units Materials
Chair - Curdoroy produced used Chair - Leather produced used Table - Rope
1.00 438.00 438.00 1.00 290.00 290.00 1.00
17.00
1.00 438.00 438.00 1.00 290.00 290.00 1.00
1.00 438.00 438.00 1.00 290.00 290.00 1.00
4.00 438.00 1,752.00 4.00 290.00 1,160.00
4.00
0.50 438.00 219.00 0.50 290.00 145.00 0.25
8.00 438.00 3,504.00 8.00 290.00 2,320.00 8.00
0.05 438.00 22.53 0.05 290.00 14.91 2.00
0.40 438.00 175.20 0.40 290.00 116.00 0.40
4.00
2.00
0.08 438.00 35.04 0.08 290.00 23.20
1.00
0.50 438.00 219.00 0.50 290.00 145.00 0.25
0.75 438.00 328.50 0.75 290.00 217.50
2.00 438.00 876.00 2.00
1.50 438.00 657.00
1.50 290.00 435.00
9,102.27 5,446.61
Total Total
Units Materials Units Materials
Chair - Curdoroy produced used Chair - Leather produced used Table - Rope
1.00 448.00 448.00 1.00 296.00 296.00 1.00
17.00
1.00 448.00 448.00 1.00 296.00 296.00 1.00
1.00 448.00 448.00 1.00 296.00 296.00 1.00
4.00 448.00 1,792.00 4.00 296.00 1,184.00
4.00
0.50 448.00 224.00 0.50 296.00 148.00 0.25
8.00 448.00 3,584.00 8.00 296.00 2,368.00 8.00
0.05 448.00 23.04 0.05 296.00 15.22 2.00
0.40 448.00 179.20 0.40 296.00 118.40 0.40
4.00
2.00
0.08 448.00 35.84 0.08 296.00 23.68
1.00
0.50 448.00 224.00 0.50 296.00 148.00 0.25
0.75 448.00 336.00 0.75 296.00 222.00
2.00 448.00 896.00 2.00
1.50 448.00 672.00
1.50 296.00 444.00
9,310.08 5,559.30
Total Total
Units Materials Units Materials
Chair - Curdoroy produced used Chair - Leather produced used Table - Rope
1.00 457.00 457.00 1.00 302.00 302.00 1.00
17.00
1.00 457.00 457.00 1.00 302.00 302.00 1.00
1.00 457.00 457.00 1.00 302.00 302.00 1.00
4.00 457.00 1,828.00 4.00 302.00 1,208.00
4.00
0.50 457.00 228.50 0.50 302.00 151.00 0.25
8.00 457.00 3,656.00 8.00 302.00 2,416.00 8.00
0.05 457.00 23.50 0.05 302.00 15.53 2.00
0.40 457.00 182.80 0.40 302.00 120.80 0.40
4.00
2.00
0.08 457.00 36.56 0.08 302.00 24.16
1.00
0.50 457.00 228.50 0.50 302.00 151.00 0.25
0.75 457.00 342.75 0.75 302.00 226.50
2.00 457.00 914.00 2.00
1.50 457.00 685.50
1.50 302.00 453.00
9,497.11 5,671.99
Total Total
Units Materials Units Materials
Chair - Curdoroy produced used Chair - Leather produced used Table - Rope
1.00 467.00 467.00 1.00 309.00 309.00 1.00
17.00
1.00 467.00 467.00 1.00 309.00 309.00 1.00
1.00 467.00 467.00 1.00 309.00 309.00 1.00
4.00 467.00 1,868.00 4.00 309.00 1,236.00
4.00
0.50 467.00 233.50 0.50 309.00 154.50 0.25
8.00 467.00 3,736.00 8.00 309.00 2,472.00 8.00
0.05 467.00 24.02 0.05 309.00 15.89 2.00
0.40 467.00 186.80 0.40 309.00 123.60 0.40
4.00
2.00
0.08 467.00 37.36 0.08 309.00 24.72
1.00
0.50 467.00 233.50 0.50 309.00 154.50 0.25
0.75 467.00 350.25 0.75 309.00 231.75
2.00 467.00 934.00 2.00
1.50 467.00 700.50
1.50 309.00 463.50
9,704.93 5,803.46
Materials used per product for Year 1
Total Total
Units Materials Units Materials Units
produced used Table - Curdoroy produced used Table - Leather produced
579.00 579.00 1.00 348.00 348.00 1.00 218.00
579.00 9,843.00
579.00 579.00 1.00 348.00 348.00 1.00 218.00
579.00 579.00 1.00 348.00 348.00 1.00 218.00
Total Total
Units Materials Units Materials Units
produced used Table - Curdoroy produced used Table - Leather produced
591.00 591.00 1.00 355.00 355.00 1.00 224.00
591.00 10,047.00
591.00 591.00 1.00 355.00 355.00 1.00 224.00
591.00 591.00 1.00 355.00 355.00 1.00 224.00
Total Total
Units Materials Units Materials Units
produced used Table - Curdoroy produced used Table - Leather produced
604.00 604.00 1.00 363.00 363.00 1.00 229.00
604.00 10,268.00
604.00 604.00 1.00 363.00 363.00 1.00 229.00
604.00 604.00 1.00 363.00 363.00 1.00 229.00
Total Total
Units Materials Units Materials Units
produced used Table - Curdoroy produced used Table - Leather produced
617.00 617.00 1.00 371.00 371.00 1.00 235.00
617.00 10,489.00
617.00 617.00 1.00 371.00 371.00 1.00 235.00
617.00 617.00 1.00 371.00 371.00 1.00 235.00
Total Total
Units Materials Units Materials Units
produced used Table - Curdoroy produced used Table - Leather produced
631.00 631.00 1.00 379.00 379.00 1.00 239.00
631.00 10,727.00
631.00 631.00 1.00 379.00 379.00 1.00 239.00
631.00 631.00 1.00 379.00 379.00 1.00 239.00
Total
Materials Total Raw
used Mats Used Total costs Total units Total costs
218.00 2,163.00 75,705.00 81.00 2,835.00
15,028.00 751,400.00 292.00 14,600.00
218.00 2,163.00 129,780.00 231.00 13,860.00
218.00 2,163.00 86,520.00 231.00 9,240.00
4,072.00 101,800.00 728.00 18,200.00
872.00 4,580.00 164,880.00 220.00 7,920.00
109.00 860.50 25,815.00 120.50 3,615.00
1,744.00 17,304.00 25,956.00 1,752.00 2,628.00
11.21 1,681.28 126,095.79 31.72 2,379.21
87.20 865.20 86,520.00 112.80 11,280.00
872.00 4,580.00 50,380.00 76.00 836.00
1,768.00 63,648.00 25.00 900.00
17.44 102.32 3,683.52 32.40 1,166.40
218.00 1,145.00 400,750.00 76.00 26,600.00
54.50 719.00 647,100.00 148.00 133,200.00
163.50 959.25 143,887.50 248.75 37,312.50
436.00 3,758.00 67,644.00 635.00 11,430.00
1,165.50 209,790.00 202.50 36,450.00
327.00 753.00 90,360.00 608.00 72,960.00
5,565.85 65,830.05 3,251,714.81 5,851.67 407,412.11
363,760.82
Ending Inventory
Total
Materials Total Raw
used Mats Used Total costs Total units Total costs
224.00 2,210.00 77,350.00 246.52 8,628.20
15,351.00 767,550.00 367.40 18,370.00
224.00 2,210.00 132,600.00 396.52 23,791.20
224.00 2,210.00 88,400.00 396.52 15,860.80
4,160.00 104,000.00 1,319.04 32,976.00
896.00 4,680.00 168,480.00 291.04 10,477.44
112.00 879.25 26,377.50 210.85 6,325.50
1,792.00 17,680.00 26,520.00 2,979.20 4,468.80
11.52 1,717.22 128,791.29 36.31 2,722.93
89.60 884.00 88,400.00 198.40 19,840.00
896.00 4,680.00 51,480.00 101.60 1,117.60
1,806.00 65,016.00 39.28 1,414.08
17.92 104.56 3,764.16 55.83 2,009.78
224.00 1,170.00 409,500.00 118.00 41,300.00
56.00 734.50 661,050.00 124.02 111,618.00
168.00 980.25 147,037.50 468.38 70,257.00
448.00 3,840.00 69,120.00 1,158.20 20,847.60
1,189.50 214,110.00 370.44 66,679.20
336.00 771.00 92,520.00 994.44 119,332.80
5,719.04 67,257.28 3,322,066.45 9,871.98 578,036.93
516,104.40
Ending Inventory
Total
Materials Total Raw
used Mats Used Total costs Total units Total costs
229.00 2,258.00 79,030.00 387.80 13,572.83
15,674.00 783,700.00 507.06 25,353.20
229.00 2,258.00 135,480.00 537.80 32,267.71
229.00 2,258.00 90,320.00 537.80 21,511.81
4,248.00 106,200.00 1,869.59 46,739.76
916.00 4,784.00 172,224.00 305.59 11,001.25
114.50 898.50 26,955.00 291.65 8,749.38
1,832.00 18,064.00 27,096.00 4,011.47 6,017.21
11.78 1,753.71 131,528.14 56.37 4,227.39
91.60 903.20 90,320.00 274.50 27,449.60
916.00 4,784.00 52,624.00 139.26 1,531.82
1,844.00 66,384.00 58.01 2,088.46
18.32 106.88 3,847.68 78.21 2,815.71
229.00 1,196.00 418,600.00 146.12 51,142.00
57.25 750.50 675,450.00 142.65 128,380.68
171.75 1,002.00 150,300.00 578.26 86,738.82
458.00 3,924.00 70,632.00 1,641.03 29,538.58
1,216.50 218,970.00 603.94 108,709.20
343.50 787.50 94,500.00 1,077.95 129,354.53
5,846.70 68,710.79 3,394,160.82 13,245.04 737,189.93
658,205.30
Ending Inventory
Total
Materials Total Raw
used Mats Used Total costs Total units Total costs
235.00 2,307.00 80,745.00 504.06 17,642.21
16,014.00 800,700.00 694.86 34,743.23
235.00 2,307.00 138,420.00 654.06 39,243.79
235.00 2,307.00 92,280.00 654.06 26,162.53
4,336.00 108,400.00 2,380.13 59,503.16
940.00 4,892.00 176,112.00 260.13 9,364.55
117.50 918.00 27,540.00 362.73 10,882.05
1,880.00 18,456.00 27,684.00 4,842.71 7,264.06
12.09 1,791.70 134,377.50 75.57 5,667.81
94.00 922.80 92,280.00 340.78 34,078.50
940.00 4,892.00 53,812.00 185.43 2,039.71
1,884.00 67,824.00 74.37 2,677.43
18.80 109.20 3,931.20 99.57 3,584.66
235.00 1,223.00 428,050.00 159.48 55,818.42
58.75 766.50 689,850.00 153.96 138,565.49
176.25 1,023.75 153,562.50 778.51 116,775.96
470.00 4,010.00 72,180.00 2,081.93 37,474.78
1,242.00 223,560.00 455.44 81,979.20
352.50 805.50 96,660.00 857.18 102,861.47
5,999.89 70,207.45 3,467,968.20 15,614.98 786,329.00
702,079.47
Ending Inventory
Total
Materials Total Raw
used Mats Used Total costs Total units Total costs
239.00 2,357.00 82,495.00 504.56 17,659.73
16,371.00 818,550.00 614.68 30,734.16
239.00 2,357.00 141,420.00 744.56 44,673.83
239.00 2,357.00 94,280.00 744.56 29,782.55
4,432.00 110,800.00 2,843.13 71,078.19
956.00 4,996.00 179,856.00 199.13 7,168.59
119.50 937.75 28,132.50 423.96 12,718.94
1,912.00 18,856.00 28,284.00 5,466.81 8,200.22
12.29 1,831.69 137,376.86 72.09 5,407.06
95.60 942.80 94,280.00 396.96 39,696.48
956.00 4,996.00 54,956.00 234.58 2,580.41
1,926.00 69,336.00 82.14 2,957.18
19.12 111.52 4,014.72 119.92 4,317.10
239.00 1,249.00 437,150.00 159.21 55,722.10
59.75 783.25 704,925.00 137.31 123,575.64
179.25 1,045.50 156,825.00 669.24 100,386.59
478.00 4,096.00 73,728.00 481.34 8,664.15
1,269.00 228,420.00 694.88 125,077.50
358.50 822.00 98,640.00 833.75 100,050.09
6,102.01 71,736.51 3,543,469.08 15,422.84 790,450.53
705,759.40
Products Year 1 Year 2
Units Units
produced Units sold End. Inty Costs TGAS
produced
CHAIR Unit costs
Rope 1,590.00 305.00 300.00 5.00 7,950.00 312.00 317.00
Curdoroy 1,177.24 429.00 429.00 - - 438.00 438.00
Leather 1,051.24 284.00 279.00 5.00 5,256.19 290.00 295.00
1,018 1,008 1,040 1,050
TABLE
Rope 2,065.50 579.00 579.00 - - 591.00 591.00
Curdoroy 1,390.24 348.00 343.00 5.00 6,951.19 355.00 360.00
Leather 1,300.24 218.00 214.00 4.00 5,200.95 224.00 228.00
Total 1,145 1,136 25,358.32 1,170 1,179
Net of VAT 22,641.36
Year 2 Year 3
Units
Units sold End. Inty Costs TGAS Units sold End. Inty Costs
produced
Units Units
TGAS Units sold End. Inty Costs TGAS Units sold
produced produced
25 39,750.00
- -
25 26,280.93
- -
25 34,755.93
25 32,505.93
133,292.79
119,011.42
ETIRENITY
STATEMENT OF COST OF GOODS SOLD
FOR THE YEAR ENDED DECEMBER 31
148,673.97 154,174.91
3,176.96 3,176.96
7,164.75 7,859.60
69,876.00 69,876.00
3,925,699.62 4,000,395.61
588.62 588.62
588.62 588.62
3,925,699.62 4,000,395.61
70,245.92 95,209.13
3,995,945.55 4,095,604.74
95,209.13 119,011.42
3,900,736.42 3,976,593.32
ETIRENITY
STATEMENT OF FINANCIAL PERFORMANCE
Preoperations
INCOME
Gross sales
Sales -
Less: COGS
Direct Materials used -
Direct Labor -
Utilities expense - operations -
Depreciation expense - operations -
Safety Supplies
Rent expense - production -
COGS -
Gross Profit -
Operating expenses:
Salaries and wages -
Regular / Probationaries
Basic -
Holiday Pay -
Employee benefits
E COLA / allowances -
SSS, HDMF, PHIC contributions -
13th Month -
Employees uniform -
Others - -
Rental -
Utilities 7,210.37
Taxes and licenses -
Communication 3,999.00
Advertising and promotions 5,172.00
Office supplies 3,095.75
Repairs and maintenance 403.00
Security / janitorial services -
Professional fee - Bookkeeper -
Depreciation / amortization -
CSR -
Trainings and allowances 32,794.00
Total operating expenses 52,674.12
Gross Income From Operations (52,674.12)
Add/Less: Other Income/Expense
Interest incone
Overages / (Shortages)
Bank charges -
NET INCOME BEFORE TAX (52,674.12)
Provision for income tax -
NET INCOME AFTER TAX (52,674.12)
(52,674.12)
-
ETIRENITY
STATEMENT OF FINANCIAL PERFORMANCE
2018
INCOME
Gross sales
Sales 6,391,754.46
Less: COGS
Direct Materials used 2,880,675.43
Direct Labor 465,504.00
Utilities expense - operations 127,104.76
Depreciation expense - operations 3,176.96
Safety Supplies 7,130.70
Rent expense - production 69,876.00
COGS 3,553,467.85
Gross Profit 2,838,286.62
Operating expenses:
Salaries and wages -
Regular / Probationaries
Basic 883,221.00
Holiday Pay 883,221.00
Employee benefits
E COLA / allowances -
SSS, HDMF, PHIC contributions 129,925.20
13th Month 185,995.50
Employees uniform 4,240.00
Others - 320,160.70
Rental 110,124.00
Utilities 183,430.37
Taxes and licenses 21,213.33
Communication 17,988.00
Advertising and promotions 5,172.00
Office supplies 5,502.75
Repairs and maintenance - 588.00
Security / janitorial services 144,000.00
Professional fee - Bookkeeper 15,000.00
Depreciation / amortization 302,805.71
CSR 2,506.00
Trainings and allowances -
Total operating expenses 2,011,711.86
Gross Income From Operations 826,574.76
Add/Less: Other Income/Expense
Interest incone
Overages / (Shortages)
Bank charges -
NET INCOME BEFORE TAX 826,574.76
Provision for income tax 247,972.43
NET INCOME AFTER TAX 578,602.33
578,602.33
-
ETIRENITY
STATEMENT OF FINANCIAL PERFORMANCE
2019
INCOME
Gross sales
Sales 6,789,765.18
Less: Payouts
Direct Materials used 3,067,067.45
Direct Labor 465,504.00
Utilities expense - operations 138,253.91
Depreciation expense - operations 3,176.96
Safety Supplies 6,806.22
Rent expense - production 69,876.00
COGS 3,750,684.53
Gross Profit 3,039,080.64
Operating expenses:
Salaries and wages -
Regular / Probationaries
Basic 883,221.00
Holiday Pay 883,221.00
Employee benefits
E COLA / allowances -
SSS, HDMF, PHIC contributions 129,925.20
13th Month 185,995.50
Employees uniform -
Others - 315,920.70
Rental 110,124.00
Utilities 183,771.02
Taxes and licenses 21,213.33
Communication 18,707.52
Advertising and promotions 5,378.88
Office supplies 5,722.86
Repairs and maintenance 668.72
Security / janitorial services 144,000.00
Professional fee - Bookkeeper 15,000.00
Depreciation / amortization 302,805.71
CSR 3,007.20
INCOME
Gross sales
Sales 7,215,438.39
Less: Payouts
Direct Materials used 3,133,013.90
Direct Labor 474,796.80
Utilities expense - operations 143,369.31
Depreciation expense - operations 3,176.96
Safety Supplies 7,466.31
Rent expense - production 69,876.00
COGS 3,831,699.27
Gross Profit 3,383,739.13
Operating expenses:
Salaries and wages -
Regular / Probationaries
Basic 903,345.00
Holiday Pay 903,345.00
Employee benefits
E COLA / allowances -
SSS, HDMF, PHIC contributions 133,572.78
13th Month 190,123.90
Employees uniform 4,409.60
Others - 328,106.28
Rental 110,124.00
Utilities 190,570.55
Taxes and licenses 21,213.33
Communication 19,455.82
Advertising and promotions 5,594.04
Office supplies 5,951.77
Repairs and maintenance 695.47
Security / janitorial services 144,000.00
Professional fee - Bookkeeper 15,000.00
Depreciation / amortization 302,805.71
CSR 3,608.64
INCOME
Gross sales
Sales 7,666,440.18
Less: Payouts
Direct Materials used 3,197,047.94
Direct Labor 474,796.80
Utilities expense - operations 148,673.97
Depreciation expense - operations 3,176.96
Safety Supplies 7,164.75
Rent expense - production 69,876.00
COGS 3,900,736.42
Gross Profit 3,765,703.76
Operating expenses:
Salaries and wages -
Regular / Probationaries
Basic 903,345.00
Holiday Pay 903,345.00
Employee benefits
E COLA / allowances -
SSS, HDMF, PHIC contributions 133,572.78
13th Month 190,123.90
Employees uniform -
Others - 323,696.68
Rental 110,124.00
Utilities 197,621.66
Taxes and licenses 21,213.33
Communication 20,234.05
Advertising and promotions 5,817.80
Office supplies 6,189.85
Repairs and maintenance 723.29
Security / janitorial services 144,000.00
Professional fee - Bookkeeper 15,000.00
Depreciation / amortization 302,805.71
CSR 4,330.37
INCOME
Gross sales
Sales 8,151,150.89
Less: Payouts
Direct Materials used 3,266,709.06
Direct Labor 474,796.80
Utilities expense - operations 154,174.91
Depreciation expense - operations 3,176.96
Safety Supplies 7,859.60
Rent expense - production 69,876.00
COGS 3,976,593.32
Gross Profit 4,174,557.57
Operating expenses:
Salaries and wages -
Regular / Probationaries
Basic 903,345.00
Holiday Pay 903,345.00
Employee benefits
E COLA / allowances -
SSS, HDMF, PHIC contributions 133,572.78
13th Month 190,123.90
Employees uniform -
Others - 323,696.68
Rental 110,124.00
Utilities 204,933.66
Taxes and licenses 21,213.33
Communication 21,043.42
Advertising and promotions 6,050.51
Office supplies 6,437.44
Repairs and maintenance 752.22
Security / janitorial services 144,000.00
Professional fee - Bookkeeper 15,000.00
Depreciation / amortization 302,805.71
CSR 5,196.44
NET INCOME AFTER TAX (52,674.12) 578,602.33 720,677.80 933,287.97 1,197,421.43 1,476,971.42
ASSETS
Current Assets
Cash in bank
Savings 260,614.77
Cash on hand -
Time deposits 260,614.77
Cash funds
Petty cash fund -
Change fund
Revolving fund 40,000.00 40,000.00
Accounts receivable 989,944.31
Inventory 53,627.68
Raw Materials 53,627.68
Finish Goods -
Prepaid Rent 45,000.00
Total Current Assets 1,389,186.75
Properties & Equipment
Office Furniture 17,213.00
Motor vehicle 300,000.00
Office equipment 41,781.00
Production Equipment 21,399.75
Store Equipment 55,009.75
Total Properties & Equipment 435,403.50
Less: Accumulated depreciation -
Properties & Equipment - Net 435,403.50
Other Assets
Renovations 989,944.31
Less: Accumulated depreciation - 989,944.31
Leasehold Improvements 726,356.00 -
Less: Accumulated depreciation - 726,356.00
Total Other Assets 1,716,300.31
TOTAL ASSETS 3,540,890.56
-
ETIRENITY
STATEMENT OF FINANCIAL POSITION
2018
ASSETS
Current Assets
Cash in bank
Savings 825,044.28
Cash on hand -
Time deposits 825,044.28
Cash funds
Petty cash fund -
Change fund
Revolving fund - -
Accounts receivable (98,994.43)
Inventory 332,774.49
Raw Materials 310,133.14
Work in progress -
Finish Goods 22,641.36
Prepaid Rent -
Total Current Assets 1,058,824.34
Properties & Equipment
Office Furniture -
Motor vehicle -
Office equipment -
Production Equipment -
Store Equipment -
Total Properties & Equipment -
Less: Accumulated depreciation 76,244.15
Properties & Equipment - Net (76,244.15)
Other Assets
Renovations -
Less: Accumulated depreciation 98,994.43 (98,994.43)
Leasehold Improvements -
Less: Accumulated depreciation 130,744.08 (130,744.08)
Total Other Assets (229,738.51)
TOTAL ASSETS 752,841.68
-
ETIRENITY
STATEMENT OF FINANCIAL POSITION
2019
ASSETS
Current Assets
Cash in bank
Savings 247,736.07
Cash on hand -
Time deposits 247,736.07
Cash funds
Petty cash fund
Change fund
Revolving fund -
Accounts receivable (98,994.43)
Inventory 176,145.87
Raw Materials 152,343.58
Work in progress -
Finish Goods 23,802.28
Prepaid Rent -
Total Current Assets 324,887.51
Properties & Equipment
Furniture an fixtures -
Motor vehicle
Office equipment -
Kitchen Small Equipment -
Store Equipment -
Total Properties & Equipment -
Less: Accumulated depreciation 76,244.15
Properties & Equipment - Net (76,244.15)
Other Assets
Renovations -
Less: Accumulated depreciation 98,994.43 (98,994.43)
Leasehold Improvements - -
Less: Accumulated depreciation 130,744.08 (130,744.08)
Total Other Assets (229,738.51)
TOTAL ASSETS 18,904.84
(0.00)
ETIRENITY
STATEMENT OF FINANCIAL POSITION
2020
ASSETS
Current Assets
Cash in bank
Savings 266,679.99
Cash on hand -
Time deposits 266,679.99
Cash funds
Petty cash fund -
Change fund
Revolving fund -
Accounts receivable (98,994.43)
Inventory 166,491.80
Raw Materials 142,100.90
Work in progress 588.62
Finish Goods 23,802.28
Prepaid Rent -
Total Current Assets 334,177.36
Properties & Equipment
Furniture an fixtures -
Motor vehicle
Office equipment -
Kitchen Small Equipment -
Store Equipment -
Total Properties & Equipment -
Less: Accumulated depreciation 76,244.15
Properties & Equipment - Net (76,244.15)
Other Assets
Renovations -
Less: Accumulated depreciation 98,994.43 (98,994.43)
Leasehold Improvements -
Less: Accumulated depreciation 130,744.08 (130,744.08)
Total Other Assets (229,738.51)
TOTAL ASSETS 28,194.70
0.00
ETIRENITY
STATEMENT OF FINANCIAL POSITION
2021
ASSETS
Current Assets
Cash in bank
Savings 369,285.95
Cash on hand -
Time deposits 369,285.95
Cash funds
Petty cash fund -
Change fund
Revolving fund -
Accounts receivable (98,994.43)
Inventory 68,837.38
Raw Materials 43,874.17
Work in progress -
Finish Goods 24,963.21
Prepaid Rent -
Total Current Assets 339,128.90
Properties & Equipment
Furniture an fixtures -
Motor vehicle
Office equipment -
Kitchen Small Equipment -
Store Equipment -
Total Properties & Equipment -
Less: Accumulated depreciation 76,244.15
Properties & Equipment - Net (76,244.15)
Other Assets
Renovations -
Less: Accumulated depreciation 98,994.43 (98,994.43)
Leasehold Improvements -
Less: Accumulated depreciation 130,744.08 (130,744.08)
Total Other Assets (229,738.51)
TOTAL ASSETS 33,146.24
0.00
ETIRENITY
STATEMENT OF FINANCIAL POSITION
2022
ASSETS
Current Assets
Cash in bank
Savings 412,010.71
Cash on hand -
Time deposits 412,010.71
Cash funds
Petty cash fund -
Change fund
Gasoline fund - -
Accounts receivable (98,994.43)
Inventory 27,482.21
Raw Materials 3,679.93
0.00
ETIRENITY
STATEMENT OF FINANCIAL POSITION
Pre-operations Dec 31 '2018 Dec 31 '2019 Dec 31 '2020 Dec 31 '2021 Dec 31 '2022
ASSETS
Current Assets
Cash on hand and in bank
Revolving Fund 40,000.00 40,000.00 40,000.00 40,000.00 40,000.00 40,000.00
Cash in Bank 260,614.77 1,085,659.05 1,333,395.12 1,600,075.11 1,969,361.06 2,381,371.77
Total 300,614.77 1,125,659.05 1,373,395.12 1,640,075.11 2,009,361.06 2,421,371.77
Accounts Receivable
Non trade 989,944.31 890,949.88 791,955.45 692,961.02 593,966.59 494,972.15
Total 989,944.31 890,949.88 791,955.45 692,961.02 593,966.59 494,972.15
Inventory
Raw Materials 53,627.68 363,760.82 516,104.40 658,205.30 702,079.47 705,759.40
Work in progress - - 588.62 588.62 588.62
Finished goods - 22,641.36 46,443.64 70,245.92 95,209.13 119,011.42
Total 53,627.68 386,402.17 562,548.04 729,039.84 797,877.22 825,359.43
Prepaid expenses
Rent 45,000.00 45,000.00 45,000.00 45,000.00 45,000.00 45,000.00
Total 45,000.00 45,000.00 45,000.00 45,000.00 45,000.00 45,000.00
Total Current Assets 1,389,186.75 2,448,011.10 2,772,898.60 3,107,075.97 3,446,204.87 3,786,703.36
Properties & Equipment
Office Furniture 17,213.00 17,213.00 17,213.00 17,213.00 17,213.00 17,213.00
Motor vehicle 300,000.00 300,000.00 300,000.00 300,000.00 300,000.00 300,000.00
Office equipment 41,781.00 41,781.00 41,781.00 41,781.00 41,781.00 41,781.00
Production Equipment 21,399.75 21,399.75 21,399.75 21,399.75 21,399.75 21,399.75
Store Equipment 55,009.75 55,009.75 55,009.75 55,009.75 55,009.75 55,009.75
Total Properties & Equipment 435,403.50 435,403.50 435,403.50 435,403.50 435,403.50 435,403.50
Less: Accumulated depreciation - 76,244.15 152,488.31 228,732.46 304,976.61 381,220.76
Proeperties & Equipment - Net 435,403.50 359,159.35 282,915.20 206,671.04 130,426.89 54,182.74
Other Assets
Renovation Costs 989,944.31 989,944.31 989,944.31 989,944.31 989,944.31 989,944.31
ETIRENITY
STATEMENT OF FINANCIAL POSITION
Pre-operations Dec 31 '2018 Dec 31 '2019 Dec 31 '2020 Dec 31 '2021 Dec 31 '2022
Less: Accumulated depreciation - 98,994.43 197,988.86 296,983.29 395,977.72 494,972.15
Renovations - net 989,944.31 890,949.88 791,955.45 692,961.02 593,966.59 494,972.15
Leasehold Improvements 726,356.00 726,356.00 726,356.00 726,356.00 726,356.00 726,356.00
Less: Accumulated depreciation - 130,744.08 261,488.16 392,232.24 522,976.32 653,720.40
Leasehold Improvements - net 726,356.00 595,611.92 464,867.84 334,123.76 203,379.68 72,635.60
Total 2,151,703.81 1,845,721.15 1,539,738.48 1,233,755.82 927,773.16 621,790.49
TOTAL ASSETS 3,540,890.56 4,293,732.24 4,312,637.09 4,340,831.79 4,373,978.02 4,408,493.85
3,540,890.56 4,293,732.24 4,312,637.09 4,340,831.79 4,373,978.02 4,408,493.85
ETIRENITY
STATEMENT OF FINANCIAL POSITION
Pre-operations Dec 31 '2018 Dec 31 '2019 Dec 31 '2020 Dec 31 '2021 Dec 31 '2022
- - - - - -
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accrued expenses payable
Salaries payable - 56,196.88 56,196.88 57,422.58 57,422.58 57,422.58
Total - 56,196.88 56,196.88 57,422.58 57,422.58 57,422.58
SSS, HDMF, PHIC premiums payable 17,831.00 17,831.00 18,326.53 18,326.53 18,326.53
Income tax payable 61,993.11 77,215.48 99,995.14 128,295.15 158,246.94
Value-added tax payable (6,435.32) 31,783.05 35,465.52 39,159.33 44,005.55 48,569.60
TOTAL LIABILITIES (6,435.32) 167,804.03 186,708.87 214,903.57 248,049.81 282,565.64
EQUITY
Partners' Capital 3,547,325.88 4,125,928.21 4,125,928.21 4,125,928.21 4,125,928.21 4,125,928.21
TOTAL EQUITY 3,547,325.88 4,125,928.21 4,125,928.21 4,125,928.21 4,125,928.21 4,125,928.21
TOTAL LIABILITIES & EQUITY 3,540,890.56 4,293,732.24 4,312,637.09 4,340,831.79 4,373,978.02 4,408,493.85
ETIRENITY
STATEMENT OF CASH FLOW
Dec 31 '2018 Dec 31 '2019 Dec 31 '2020 Dec 31 '2021 YEAR TO DATE
- - - - -
98,994.43 98,994.43 98,994.43 98,994.43 494,972.15
(176,145.87) (166,491.80) (68,837.38) (27,482.21) (825,359.43)
- - - - (45,000.00)
-
- 1,225.70 - - 57,422.58
- 495.53 - - 18,326.53
15,222.37 22,779.66 28,300.01 29,951.78 158,246.94
3,682.47 3,693.81 4,846.22 4,564.05 48,569.60
968,413.87 1,199,967.96 1,566,707.38 1,888,982.13 6,291,378.50
- - - - (2,151,703.81)
- - - - (2,151,703.81)
- - - - -
- - - - 3,600,000.00
(720,677.80) (933,287.97) (1,197,421.43) (1,476,971.42) (4,328,358.61)
(720,677.80) (933,287.97) (1,197,421.43) (1,476,971.42) (728,358.61)
247,736.07 266,679.99 369,285.95 412,010.71 3,411,316.08
1,085,659.05 1,333,395.12 1,600,075.11 1,969,361.06 -
1,333,395.12 1,600,075.11 1,969,361.06 2,381,371.77 3,411,316.08
1,333,395.12 1,600,075.11 1,969,361.06 2,381,371.77
- - - -
Etirenity
STATEMENT OF PARTNERS' CAPITAL
Dayrit, Capital Kumar, Capital Merza, Capital Morzo, Capital Rodriguez, Capital Sanchez, Capital
Share in partnership capital 16.67% 16.67% 16.67% 16.67% 16.67% 16.67%
Capital balances, beginning 591,220.98 591,220.98 591,220.98 591,220.98 591,220.98 591,220.98
Add:
Investments
Share in net income
Year 1 96,433.72 96,433.72 96,433.72 96,433.72 96,433.72 96,433.72
Total 687,654.70 687,654.70 687,654.70 687,654.70 687,654.70 687,654.70
Less: Withdrawals - - - - - -
Capital balances, end of year 1 687,654.70 687,654.70 687,654.70 687,654.70 687,654.70 687,654.70
Total Partnership
Capital
100.00%
3,547,325.88
-
-
578,602.33
4,125,928.21
-
4,125,928.21