Notes to Financial Statement

Note
Number
1 Projected Sales
Unit Sold Per half
Unit Price month
Products
Dressed Chicken 150.00 2175

2 Purchase
Unit Price Cost (75%)
Products
Papaya Cupcake 150.00 112.50

3 Salaries and Wages

Position Number Status
Farm Manager 1 Permanent
Bookkeeper 1 Permanent
Caretaker 1 Permanent
Herds man 2 Permanent
0 6 contractual
4 Employee Benefits
Position Number Monthly Salary
Farm Manager 1 12,000
Bookkeeper 1 10,950
Caretaker 1 10,800
Herds man 2 21,600
Worker 6 4,320

5 Bonus
Position Number Monthly Salary
Farm Manager 1 12,000
Bookkeeper 1 10,950
Caretaker 1 10,800
 Herds man 2 21,600
Worker 6 4,320

6 Machineries and Equipment

Item Price per Unit Number of Unit(s)
Plucker 27,000.00 1
Computer 10,300.00 1
Water Pump 3,200.00 1
Total

7 Furniture and Fixtures

Item Price per Unit Number of Unit(s)
Mono Blocks 359.00 6
WorkingTables 750.00 2

Total

8 Facilities
Item Price per Unit Number of Unit(s)

Exhaust Fan 2,000.00 2

Total

9 Kitchen Supplies
Item Price per Unit Number of Unit(s)
Knives 89.00 3
Basin 129.00 2
Bucket 56.00 2
Dipper 35.00 2
Water hose 439.00 1
Wok 1,890.00 1
tray 157.00 10
Styrofoam cooler 255.00 12

Total

10 Office Supplies
Item Price per Unit Number of Unit(s)
 paper 180.00 1
Ballpen 10.00 4
Official Receipt 800.00 5
Ledger 39.00 3
calculator 387.00 1
Cash box 1,250.00 1
Scissors 49.00 1
Total

11 Utilities
Item Consumption Monthly Bill
182KwH 2,002.00
Electricity
Transportation 1,500.00
Total 3,502.00

Miscellaneous Expense
Item Price per Unit Number of Unit(s)
Drinker 58.00 30
chicken trough 55.00 30
chicken net 85.00 4,000
block 13.00 1,000
cement 265.00 10
Roof 325.00 40

Total

12 Rent Expense
Monthly Year 1
6000 72000

13 Depreciation Expense
Item Total Price EUL
Exhaust Fan 2,000.00 5
Plucker 27,000.00 10
Computer 10,300.00 10
Water Pump 3,200.00 10
WorkingTables 750.00 7

Total

14 Repair and Maintenance

Item Total Cost R&M
Plucker 27,000.00 1,350.00
Water Pump 3,200.00 160.00
 Total 1,510.00

15 Promotions
Item Cost Number of Unit(s)

Streamers 400.00 4
Flyers 5.00 50

16 Permits and Licenses

Total
4,619.00

17 Partners' Equity
Investors Initial Investment Year 1
A, Capital 1,264,470.80 1,360,877.66
B, Capital 1,264,470.80 1,360,877.66
C, Capital 1,264,470.80 1,360,877.66
D, Capital 1,264,470.80 1,360,877.66
E, capital 1,264,470.80 1,360,877.66
 Monthly Sale Year 1

652,500.00 7,830,000.00 Note: It is

assumed that
sales increase 5%
annually

Total cost Per half

month
Monthly Cost Year 1
244,687.50 489,375.00 5,872,500.00
Note: It is assumed
that 60% of the total
Sales was used to
purchase raw materials
for production

daily rate Monthly Rate yearl 1 Total

480 12,000 144000 716040
365 10,950 131400
360 10,800 129600
720 21,600 259200
2160 4,320 51840

PagIBIG SSS PhilHealth Year 1

1,440.00 1,200.00 1,200.00 3,840.00
1,314.00 1,200.00 1,200.00 3,714.00
1,296.00 1,200.00 1,200.00 3,696.00
2,592.00 2,400.00 2,400.00 7,392.00
518.40 7,200.00 7,200.00 14,918.40
33,560.40

Bonus
2,000.00
1,000.00
1,500.00
 2,000.00
2,000.00
8,500.00

Total
27,000.00
10,300.00
3,200.00
40,500.00

Total
2,154.00
1,500.00

3,654.00

Total

4,000.00
4,000.00

Total
267.00
258.00
112.00
70.00
439.00
1,890.00
1,570.00
3,060.00

7,666.00

Total
 180.00
40.00
4,000.00
117.00
387.00
1,250.00
49.00
6,023.00

Year 1
24,024.00
18,000.00
42,024.00

Total
1,740.00
1,650.00
340,000.00
13,000.00
2,650.00
13,000.00

372,040.00

A/D Expense
400.00
2,700.00 Note:
1,030.00 Depreciation was
computed using
320.00 Straight Line
107.14 Method

4,557.14

Note: It is assumed
that 5% of the total
cost is alloted for R
& M.
Note: It is assumed
that 5% of the total
cost is alloted for R
& M.

Total

1,600.00
250.00
1,850.00

96,406.86 1,360,877.66
1,491,874.74
130,997.07 1,491,874.74

Year 2 Year 3 Year 4 Year 5

1,491,874.74 1,639,171.49 1,801,033.84 1,978,319.59
1,491,874.74 1,639,171.49 1,801,033.84 1,978,319.59
1,491,874.74 1,639,171.49 1,801,033.84 1,978,319.59
1,491,874.74 1,639,171.49 1,801,033.84 1,978,319.59
1,491,874.74 1,639,171.49 1,801,033.84 1,978,319.59
Note: There
are 24
working days
a month
34641.42
START UP COST
A. Fixed Assets
Machineries and Equipment 40500
Furniture and Fixtures 3654
Facilities 4000
Total 48154
B. Working Capital
Purchases 5872500
Kitchen Supplies 7666
Office Supplies 6023
Utilities 3502
Rent 6000
Miscellaneous Expense 372040
Total 6267731
C. Preoperating Expenses
Promotional Expenses 1850
Permits and Licenses 4619
Total 6469
TOTAL START UP COST 6322354

capital of the owners

 Year 1 Year 2 Year 3
Sales 7,830,000.00 8,221,500.00 8,632,575.00
less: cost of Good Sold
Purchases 5,872,500.00 5,989,950.00 6,109,749.00
Inventory,beg. - - -
total goods available for sale 5,872,500.00 5,989,950.00 6,109,749.00
Inventory, end - - -
Total COGS 5,872,500.00 5,989,950.00 6,109,749.00
1,957,500.00 2,231,550.00 2,522,826.00
Less: Operating Expenses
Salaries and Wages 716,040.00 730,360.80 744,968.02
Employee Benefits 33,560.40 34,231.61 34,916.24
Bonus Expense 8,500.00 8,670.00 8,843.40
Kitchen Supplies 7,666.00 7,819.32 7,975.71
Office Supplies 6,023.00 6,143.46 6,266.33
Permits and License 4,619.00 4,619.00 4,619.00
Utilities Expense 42,024.00 42,864.48 43,721.77
Rent Expense 72,000.00 75,600.00 79,380.00
Promotional Expenses 1,850.00 - -
Repair and Maintenance - 1,510.00 1,510.00
Accumulated Depreciation Expen 4,557.14 4,557.14 4,557.14
Miscellaneous Expense 372,040.00 379,480.80 387,070.42
Total Operating Expense 1,268,879.54 1,295,856.61 1,323,828.02
Net Income Before Tax 688,620.46 935,693.39 1,198,997.98
Tax Expense 206,586.14 280,708.02 359,699.39
Net Income After Tax 482,034.32 654,985.37 839,298.59
 Year 1 Year 2 Year 3
Cash Inflow
Sales 7,830,000.00 8,221,500.00 8,632,575.00
Investment 6,322,354.00 - -
Total Cash Inflow 14,152,354.00 8,221,500.00 8,632,575.00

Cash Outflow
Purchases 5,872,500.00 5,989,950.00 6,109,749.00
Tax Expense - 206,586.14 280,708.02
Salaries and Wages Expense 716,040.00 730,360.80 744,968.02
Employee's Benefit 33,560.40 34,231.61 34,916.24
Bonus Expense 8,500.00 8,670.00 8,843.40
Kitchen Supplies Expense 7,666.00 7,819.32 7,975.71
Office Supplies Expense 6,023.00 6,143.46 6,266.33
Utilities Expense 42,024.00 42,864.48 43,721.77

Permits and Licenses 4,619.00 4,619.00 4,619.00

Promotional Expense 1,850.00 - -

Rent Expense 72,000.00 75,600.00 79,380.00

Repair and Maintenance - 1,510.00 1,510.00
Miscellaneous Expense 372,040.00 379,480.80 387,070.42
Machineries and Equipment 40,500.00 - -
Furniture and Fixtures 3,654.00 - -
Facilities 4,000.00 - -
Total Cash Outlow 7,184,976.40 7,487,835.61 7,709,727.89

Total Cashflow 6,967,377.60 733,664.39 922,847.11

Cash, beg - 6,967,377.60 7,701,041.99
Cash, end 6,967,377.60 7,701,041.99 8,623,889.10
 Year 1 Year 2 Year 3
Assets
Current Asset
Cash 6,967,377.60 7,701,041.99 8,623,889.10
Total Current Asset 6,967,377.60 7,701,041.99 8,623,889.10
Non Current Asset
Machineries and Equipments 40,500.00 40,500.00 40,500.00
Funiture and Fixtures 3,654.00 3,654.00 3,654.00
Facilities 4,000.00 4,000.00 4,000.00
Less: A/D 4,557.14 9,114.29 13,671.43
Total Non Current Assets 43,596.86 39,039.71 34,482.57
Total Assets 7,010,974.46 7,740,081.71 8,658,371.67

Liability and Partners' Equilty

Liability
Tax Payable 206,586.14 280,708.02 359,699.39
Total Liability 206,586.14 280,708.02 359,699.39
Partners' Equity
A, Capital 1,360,877.66 1,491,874.74 1,659,734.46
B, Capital 1,360,877.66 1,491,874.74 1,659,734.46
C, Capital 1,360,877.66 1,491,874.74 1,659,734.46
D, Capital 1,360,877.66 1,491,874.74 1,659,734.46
E, Capital 1,360,877.66 1,491,874.74 1,659,734.46
Total Partners' Equity 6,804,388.32 7,459,373.69 8,298,672.28
Total Liability and Partners' Equity 7,010,974.46 7,740,081.71 8,658,371.67