CHEEL

Pojec
For t

Sales
Less: Cost of Goods Sold
Gross Profit
Les: Operating Expenses
Operating Income
Less: Income Tax Expense (30%)
Total Net Income

Note
1
2
3

2017
855,360.00
702,090.30
153,269.70
14,261.11
139,008.59
41,702.58
97,306.01

CHEEL
Statem
For the Years E
Note
Current Assets
Cash and Cash Equivalents
Prepaid Rent
Total Current Assets
Non Current Assets
Property, Plant and Equipment
Total Non-Current Assets
Total Assets
Liabilities and Equity
SSS Payable
Philhealth Payable
Pag-IBIG Payable
Tax Payable
Total Liabilities
Batong, Capital
Cablinan, Capital
Perillo, Capital
Sison, Capital
Total Equity
Total Liabilities and Equity

2017

191,774.36
12,000.00
203,774.36

4,857.30
4,857.30
208,631.66

6
7
8
9

500.00
200.00
200.00
10,425.65
11,325.65
49,326.50
49,326.50
49,326.50
49,326.50
197,306.00
208,631.65

10
10
10
10

CHEEL
State
For the Years E
2017
Cash Flow from Operating Activities
Net Income
Depreciation

97,306.01
539.70

Increase in SSS Payable

Increase in Philhealth Payable
Increase in Pag-IBIG Payable
Increase(Decrease) in Income Tax Payable
Total
Less: Prepaid Rent
Net Cash Provided by Operating Activities
Cash Flow from Investing Activities
Purchase of Proprerty, Pland and Equipment
Net Cash Used by Investing Activities
Cash Flow from Financing Activities
Partner's Capital Investment
Less: Partner's Withdrawal
Net Cash Provided (Used) by Financing Activities
Increase in Cash and Cash Equivalents
Add: Cash, Beginning
Cash, Ending

500.00
200.00
200.00
10,425.65
109,171.36
12,000.00
97,171.36
-5,397.00
-5,397.00
100,000.00
100,000.00
191,774.36
191,774.36

CHEELADAS ENTERPRISE
Pojected Income Statement
For the Years 2017-2021
2018
1,018,836.00
799,272.09
219,563.91
5,879.11
213,684.80
64,105.44
149,579.36

2019
1,207,483.20
850,775.79
356,707.41
5,893.02
350,814.39
105,244.32
245,570.07

CHEELADAS ENTERPRISE
Statement of Finacial Position
For the Years Ended December 31, 2017-2021
2018
2019

2020
1,423,105.20
907,044.73
516,060.47
5,907.34
510,153.13
153,045.94
357,107.19

2020

2021
1,669,776.77
968,543.59
701,233.18
5,922.09
695,311.09
208,593.33
486,717.76

2021

332,536.21
12,000.00
344,536.21

564,373.70
12,000.00
576,373.70

898,260.28
12,000.00
910,260.28

1,350,732.82
12,000.00
1,362,732.82

4,317.60
4,317.60
348,853.81

3,831.87
3,831.87
580,205.57

3,394.71
3,394.71
913,654.99

3,001.27
3,001.27
1,365,734.09

500.00
200.00

500.00
200.00
200.00
26,311.08
27,211.08
138,235.13
138,235.13
138,235.13
138,235.13
552,940.52
580,151.60

500.00
200.00
200.00
38,261.49
39,161.49
218,584.25
218,584.25
218,584.25
218,584.25
874,337.00
913,498.49

500.00
200.00
200.00
52,148.33
53,048.33
328,095.75
328,095.75
328,095.75
328,095.75
1,312,383.00
1,365,431.33

###
16,026.36
16,926.36
82,981.86
82,981.86
82,981.86
82,981.86
331,927.44
348,853.80

CHEELADAS ENTERPRISE
Statement of Cash Flows
For the Years Ended December 31, 2017-2021
2018
2019
149,579.36
539.70

245,570.07
539.70

2020
357,107.19
539.70

2021
486,717.76
539.70

5,600.71
155,719.77
155,719.77

14,957.92
14,957.92 140,761.85
191,774.36
332,536.21

10,284.72
256,394.49
256,394.49

24,557.00
24,557.00 231,837.49
332,536.21
564,373.70

11,950.41
369,597.30
369,597.30

35,710.72
35,710.72 333,886.58
564,373.70
898,260.28

13,886.84
501,144.30
501,144.30

48,671.76
48,671.76
452,472.54
898,260.28
1,350,732.82

Note 1: Net Sales

SCHEDULES

Production units per year

Less: Spoilage (1%)
Total Sales
Multiply by: Selling Price
Net Sales
Note 2: Cost of Goods Sold
Net Purchases
Add: Direct Labor
Overhead
Cost of Goods Sold

SCHEDULES
1
2
4

Note 3: Operating Expense

Feasibility Cost
Indirect Expenses
Taxes and Licenses
Cleaning Supplies
Office Supplies
Total Operating Expense

SCHEDULES

Schedule 1: Net Purchases

Annual Net Purchases
Multiply by: No. of months
Net Purchase
Schedule 2: Direct Labor
Employee A (285 x 24)
Employee B (285 x 24)
Total
Multiply by no. of months
Annual Salary
Add: Employee Benefits
Philhealth (100 x 2) x 12
Pag-IBIG (100 x 2) x 12
SSS (250 x 2) x 12
13th Month Pay
Total Direct Labor
Schedule 3: Indirect Expenses
Bamboo Stick
Paper Plate
Tissue
Total Indirect Expense

3
10
11
12

13

Schedule 4: Overhead
Utilities Expense
Rent Expense
Depreciation Expense
Production Tools
Production Supplies
Total Manufacturing Overhead
Schedule 5: Utilities Expense
LPG Refill (480/month)
Total Utilities Expense
Schedule 6: Rent Expense
Monthly Rent
Multiply by no. of months in a year
Annual Rent Expense
Add: Prepaid Rent
Add: Pre-operating Rent Expense (2016)
Rent Expense
Schedule 7: Depreciation Expense
Stove(1398/10)
Refrigerator(3999/10)
Total Depreciation Expense
Schedule 8: Production Tools
Spatula
Grater
Chopping Board
Kitchen Knife
Frying Pan
Pot
Mixing Bowl (Stainless)
Rolling Pin
Strainer
Tray
Plastic Container
Bowl (Small)
Plates
Kitchen Spoon
Scissor
Total Production Tools
Schedule 9: Production Supplies (inflation)
Apron
Face Mask

5
6
7
8
9

Hairnet
Hand Towel
Cleaning cloth
Total Working Supplies
Schedule 10: Taxes and Licenses
Mayors Permit
BIR Registration
SEC Registration
Sanitary Inspection Fee
Sanitary Business Fee
Barangay Business Clearance
Tax Clearance and Certification Fee
Fire Inspection Fees
Business Plate
Business Cedula
Garbage Fee
Initial Tax (200,000 x 0.5%)
Total Taxes and Licenses
Schedule 11: Cleaning Supplies(3% inflation)
Dishwashing Liquid
Dishwashing Sponge
Mop
Trash Cans
Soft Brooms
Trash Bags
Dust Pan
Dish Towels
Total Cleaning Supplies
Schedule 12: Office Supplies
Battery
Clock
Scissors
Ballpen
Record Book
Ledger
Calculator
Total Office Supplies
Schedule 13: Purchases
Total Cost of Raw Materials
Total Purchases

2017

2018

2019

2020

72,000.00
720.00
71,280.00
12.00
855,360.00

79,200.00
828.00
78,372.00
13.00
1,018,836.00

87,120.00
871.20
86,248.80
14.00
1,207,483.20

95,832.00
958.32
94,873.68
15.00
1,423,105.20

2017
418,183.80
181,800.00
102,106.50
702,090.30

2018
460,002.18
193,975.20
145,294.71
799,272.09

2019
506,002.40
199,470.43
145,302.96
850,775.79

2020
556,602.64
205,130.63
145,311.46
907,044.73

2017
2,500.00
4,540.00
5,750.60
859.51
611.00
14,261.11

2018

2019

2020

4,540.00
875.60
463.51

4,540.00
875.60
477.42

4,540.00
875.60
491.74

5,879.11

5,893.02

5,907.34

2017
34,848.65
12
418,183.80

2018
38,333.52
12
460,002.18

2019
42,166.87
12
506,002.40

2020
46,383.55
12
556,602.64

2017
6,840.00
6,840.00
13,680.00
12
164,160.00

2018
7,045.20
7,045.20
14,090.40
12
169,084.80

2019
7,256.56
7,256.56
14,513.11
12
174,157.32

2020
7,474.25
7,474.25
14,948.51
12
179,382.12

2,400.00
2,400.00
6,000.00
6,840.00
181,800.00

2,400.00
2,400.00
6,000.00
7,045.20
186,930.00

2,400.00
2,400.00
6,000.00
7,256.56
192,213.88

2,400.00
2,400.00
6,000.00
7,474.25
197,656.37

2017
1,000.00
2,250.00
200.00
3,450.00

2018
1,000.00
2,250.00
200.00
3,450.00

2019
1,000.00
2,250.00
200.00
3,450.00

2020
1,000.00
2,250.00
200.00
3,450.00

2017
480.00
96,000.00
539.70
4,175.30
911.50
102,106.50

2018
480.00
144,000.00
539.70
275.01
145,294.71

2019
480.00
144,000.00
539.70
283.26
145,302.96

2020
480.00
144,000.00
539.70
291.76
145,311.46

2017
480.00
480.00

2018
480.00
480.00

2019
480.00
480.00

2020
480.00
480.00

2017
12,000.000
6
72,000.00
12,000.00
12,000.00
96,000.00

2018
12,000.000
12
144,000.00

2019
12,000.000
12
144,000.00

2020
12,000.000
12
144,000.00

144,000.00

144,000.00

144,000.00

2017
139.80
399.90
539.70

2018
139.80
399.90
539.70

2019
139.80
399.90
539.70

2020
139.80
399.90
539.70

2017
219.50
100.00
278.00
209.30
449.50
569.75
260.00
459.50
159.75
1,050.00
100.00
75.00
125.00
75.00
45.00
4,175.30

2018

2019

2020

2017

2018

2019

2020

120.51

124.13

127.85

319.5
117

150
200
125
911.5
2017
200.00
750.00
2,725.00
125.00
100.00
250.00
100.00
45.00
150.00
5.60
300.00
1,000.00
5,750.60

154.50

159.14

163.91

275.01

283.26

291.76

2018
200.00

2019
200.00

2020
200.00

125.00
100.00

125.00
100.00

100.00
45.00

125.00
100.00
-

100.00
45.00
-

100.00
45.00
-

5.60
300.00

5.60
300.00

5.60
300.00

875.60

875.60

875.60

2017
140.01
40
240
200
70
200
139.5
30
859.51

2018
144.21
41.20

2019
148.54
42.44

2020
152.99
43.71

72.10
206.00

74.26
212.18

76.49
218.55

463.51

477.42

491.74

2017
40.00
95.00
25.00
21.00
105.00
75.00
250.00
611.00

2018

2019

2020

2017
34,848.65
34,848.65

2018

2019

2020

2021
105,415.20
1,054.15
104,361.05
16.00
1,669,776.77
2021
612,262.90
210,960.48
145,320.21
968,543.59
2021
4,540.00
875.60
506.49
5,922.09
2021
51,021.91
12
612,262.90
2021
7,698.48
7,698.48
15,396.96
12
184,763.52
2,400.00
2,400.00
6,000.00
7,698.48
203,262.00
2021
1,000.00
2,250.00
200.00
3,450.00

2021
480.00
144,000.00
539.70
300.51
145,320.21
2021
480.00
480.00
2021
12,000.000
12
144,000.00

144,000.00
2021
139.80
399.90
539.70
2021

2021
131.68

168.83

300.51
2021
200.00
125.00
100.00
100.00
45.00
5.60
300.00
875.60
2021
157.58
45.02

78.79
225.10

506.49
2021

2021

Note 4:Cash
Cash in Bank(92%)
Petty Cash Fund (5%)
Contingency Fund (3%)
Total Cash and Cash Equivalents

2017
125,096.41
6,798.72
4,079.23
135,974.36

2018
259,565.31
14,106.81
8,464.09
282,136.21

Note 5:Property, Plant and Equipment

Stove
Refrigerator
Total Cost
Less: Total Depreciation Expense
Property, Plant and Equipment

2017
1,398.00
3,999.00
5,397.00
539.70
4,857.30

2018
1,258.20
3,599.10
4,857.30
539.70
4,317.60

Note 6: SSS Payable

Employee A
Employee B
SSS Payable

2017
250.00
250.00
500.00

2018
250.00
250.00
500.00

Note 7: Philhealth Payable

Employee A
Employee B
Philhealth Payable

2017
100.00
100.00
200.00

2018
100.00
100.00
200.00

Note 8: Pag-IBIG Payable

Employee A
Employee B
Pag-IBIG Payable

2017
100.00
100.00
200.00

2018
100.00
100.00
200.00

Note 9: Tax Payable

Income Tax Expense
Divide by: Number of quarters in a year
Total Tax Payable

2017
41,702.58
4
10,425.65

2018
64,105.44
4
16,026.36

Note 10: Owner's Equity

Batong, Capital
Capital, Beginning
Add: Share in Net Income
Total
Less: Drawings (10%)
Capital, Ending

2017

2018

25,000.00
24,326.50
49,326.50
49,326.50
2017

Cablinan, Capital
Capital, Beginning
Add: Share in Net Income

25,000.00
24,326.50

49,326.50
37,394.84
86,721.34
3,739.48
82,981.86
2018
36,726.50
37,394.84

Total
Less: Drawings (10%)
Capital, Ending

49,326.50
49,326.50
2017

Perillo, Capital
Capital, Beginning
Add: Share in Net Income
Total
Less: Drawings (10%)
Capital, Ending

25,000.00
24,326.50
49,326.50
49,326.50
2017

Sison, Capital
Capital, Beginning
Add: Share in Net Income
Total
Less: Drawings (10%)
Capital, Ending

25,000.00
24,326.50
49,326.50
49,326.50

86,721.34
3,739.48
82,981.86
2018
36,726.50
37,394.84
86,721.34
3,739.48
82,981.86
2018
36,726.50
37,394.84
86,721.34
3,739.48
82,981.86

2019
472,855.79
25,698.68
15,419.21
513,973.69

2020
779,981.96
42,390.32
25,434.19
847,806.48

2019
1,132.38
3,239.19
4,371.57
539.70
3,831.87

2020
1,019.14
2,915.27
3,934.41
539.70
3,394.71

2021

2019
250.00
###
500.00

2020
250.00
250.00
500.00

2021

2019
100.00
###
200.00

2020
100.00
100.00
200.00

2021

2019
100.00
###
200.00

2020
100.00
100.00
200.00

2021

2019
105,244.32
4
26,311.08

2020
153,045.94
4
38,261.49

2021
208,593.33
4
52,148.33

2019

2020

2021

82,981.86
61,392.52
144,374.38
6,139.25
138,235.13

138,235.13
89,276.80
227,511.93
8,927.68
218,584.25

2019

2020

82,981.86
61,392.52

138,235.13
89,276.80

2021
1,196,162.21
65,008.82
39,005.29
1,300,176.32

917.23
2,623.74
3,540.97
539.70
3,001.27

250.00
250.00
500.00

100.00
100.00
200.00

100.00
100.00
200.00

218,584.25
121,679.44
340,263.69
12,167.94
328,095.75
2021
218,584.25
121,679.44

144,374.38
6,139.25
138,235.13

227,511.93
8,927.68
218,584.25

2019

2020

82,981.86
61,392.52
144,374.38
6,139.25
138,235.13

138,235.13
89,276.80
227,511.93
8,927.68
218,584.25

2019

2020

82,981.86
61,392.52
144,374.38
6,139.25
138,235.13

138,235.13
89,276.80
227,511.93
8,927.68
218,584.25

340,263.69
12,167.94
328,095.75
2021
218,584.25
121,679.44
340,263.69
12,167.94
328,095.75
2021
218,584.25
121,679.44
340,263.69
12,167.94
328,095.75

6,787.00
611
4,175.30
12,000.00
911.5
3,450.00
13,680.00
34,848.65
859.51
6,165.00
400
12,000.00
2,040.00
97,927.96