RPM GLOBAL INNOVATIVE SOLUTIONS CORP.

Block '18, Lot 35, Steeltown, Sta. Elena, Iligan City

COMPARATIVE STATEMENT OF FINANCIAL POSITION

As of the Year Ended December 31, 2014 and December 31, 2015

ASSETS
2014
Current Assets:
Cash and Other Cash Items
Stationary and Office Supplies
Construction Materials
Total current assets.
Non - current assets:
Furniture and Fixtures
Office Equipment
Total Non-Assets

120,048.86
5,111.25
-

10%

125,160.11

15,520.00

1,552.00

16,702.50

1,670.25

32,222.50

TOTAL ASSETS

157,382.61

LIABILITIES AND CAPITAL:

LIABILITIES:
Currents Liabilities:
Non-Current Liabilities
TOTAL LIABILITIES
STOCKHOLDER'S EQUITY:

Authorized Capital Stocks

Paid-up Capital
Reatained Earnings - Unappropraited

P
P
P

- Appropraited

5,000,000.00
312,500.00
(155,117.39)
-

TOTAL STOCKHOLDERS EQUITY

TOTAL LIABILITIES AND STOCKHOLDERS EQUITY

157,382.61
P

157,382.61

RP.

ON

2015

207,351.23
6,045.77
84,809.49

298,206.49
13,968.00
15,032.25
29,000.25
327,206.74

5,000,000.00
386,200.00
(146,295.63)
87,302.37
327,206.74
327,206.74

RPM GLOBAL INNOVAIVE SOLUTIONS CORP..

Bck'18. lot 35, Steeltown, Sta. Elena, Iligan City

CAPARATIVE STATEMENT OF INCOME

For the Period Ending December 31, 2014 and December 31, 2015

2014

Revenue

Less: Operating Expenses:

Salarie & Wages

Communication , Light & Water

545.00

Supplies and Materials

PLDT/Internet

Professional Fees

600.00

Fringe Benefits

2,481.50

SSS, Pag-ibig & Philhealth Contribution

6,960.80

Transportation and Travelling

36,673.84

Fuel and Oil

505.60

Taxes and Licenses

27,400.00

Depreciation expense

PPE and uniform

13,743.55

Director's Fees

36,300.00

Miscellaneous Expenses

29,907.00

Total Operating Expenses

155,117.29

NET INCOME FOR THE YEAR

Less: Provision for Income Tax
Net Income to Retained Earnings
Add: Retained Earnings, Beginning
Total Retained Earnings

(155,117.29)
30%

(155,117.29)
(155,117.29)

CORP..

2015

708,073.48

379,333.67
7,187.28
47,519.60
19,504.24
7,500.00
2,500.00
67,815.60
35,000.00
14,054.48
38,556.24
3,222.25
10,500.00
36,000.00
26,777.75
695,471.11
12,602.37
3,780.71
8,821.66
(155,117.29)
(146,295.63)

RPM GLOBAL INNOVATIVE SOLUTIONS CORP.

Blck'18, Lot35, Steeltown, Sta. Elena, Iligan City

COMPARATIVE STATEMENT OF CASH FLOWS

For the Period Ending December 31, 2014 and December 31, 2015

2014
Net Income (Loss) for the Year

(155,117.39)

Adjustment to reconcile net income

to net cash provided by Operating activities:
Depreciation

Changes in assets and liabilities:

Decrease(Increase) in: Office Supplies

(5,111.25)

Other Assets
Increase(Decrease) in: Income Tax Payable
Net Cash Provided by Operating Activities

(160,228.64)

CASH FLOWS FROM OPERATING ACTIVITIES:

CASH FLOWS FROM FINANCING ACTIVITIES:

Payment of: Purchase for Construction Materials
Payment of income tax
Net Cash used in Financing Activites
NET INCREASE IN CASH AND CASH EQUIVALENTS

(32,222.50)
(32,222.50)
(192,451.14)

CASH AND CASH EQUIVALENTS:

Beginning of year

312,500.00

End of year

120,048.56

Increase (decrease)

(192,451.14)

2015
(146,295.63)

(6,045.77)

(3,780.71)
(156,122.11)

(84,809.49)
3,780.71
(81,028.78)
(237,150.89)

(29,799.66)
207,351.23
(237,150.89)

RPM GLOBAL INNOVATIVE SOLUTIONS CORP.

Blck'18 Lot 35, Steeltown, Sta. Elena , Iligan City

COMPARATIVE STATEMENT OF CHANGES IN RETAINED EARNINGS

AND STOCKHOLDER'S EQUITY
For the Period Ending December 31, 2014 and December 31, 2015

2014

Retaqined Earnings-beginning

Add: Net Increase in Retained Earnings:

Net Income (Loss) for the year

(155,117.29)

Less : Tax due thereon:

Quarterly Income

Income Tax Withheld

Income Tax Payable

Total Tax Due for the year

Net increase in Retained Earning for the Year

(155,117.29)

Add: Paid-up Capital

312,500.00

STOCKHOLDER'S EQUITY, Dec. 31, 2012

157,382.71

COMPOSITION OF RETAINED EARNINGS, END:

Appropriated

Unappropraited
Total

GS

2015

12,602.37

(155,117.29)

###
3,780.71
3,780.71
(146,295.63)
386,200.00
239,904.37

###
-

Sec. Reg. No. : CS 201433599

TIN :

460-591-867-000

RPM GLOBAL INNOVATIVE SOLUTIONS CORP.

(Company's Full Name)

Block 18. Lot 35 Steel Town Subdv.

Sta. Elena, Iligan City, Philippines
(Company's Address)

(063)221-8490
(Telephone Number)

31-Dec
(Calendar Year Ending)
(month & day)

FINANCIAL STATEMENT
Form Type

N/A
Amendment Designation(if applicable)

31-Dec-15
Period Ended/Actual Date of Meeting
(month,day & year)

N/A
(Secondary Licenses Type and File Number)

Sec. Reg. No. : CS 201433599

TIN :

460-591-867-000

NNOVATIVE SOLUTIONS CORP.

(Company's Full Name)

Lot 35 Steel Town Subdv.

a, Iligan City, Philippines
(Company's Address)

(063)221-8490
(Telephone Number)

31-Dec
(Calendar Year Ending)
(month & day)

NANCIAL STATEMENT
Form Type

N/A

ndment Designation(if applicable)

31-Dec-15

od Ended/Actual Date of Meeting

(month,day & year)

N/A

ry Licenses Type and File Number)

COVER SHEET
FOR
AUDITED FINANCIAL STATEMENTS

SEC Registratio

Tax Identificatio

Company Name

R P M

G L O B A L

Co O R P O R A T I

N N O V A T I

V E

S O L U

O N

Principal Office (No./Street/Barangay City/Town/Province)

B L O C K #
S U B DI V I
I

L I

G A N

1 8
S I

L O T
O N

C I

Form Type

3 5

S T A .

S T E E L T O W N
E L E N A

T Y

Department requiring the report

Secondary License Type,If App

1 7- A

COMPANY INFORMATION
Company's Email Address

Company's Telephone Number/s

rpmgiscorp@gmail.com

No. of Stockholders
(5) five

Mobile Number

(063) 8490

Annual Meeting
Month/Day

Fiscal Year
Month/Day

2nd Friday October

COMPANY INFORMATION
The designated contact person MUST be an Officer of the Corporation

Name of Contact Person

Email Address

Telephone Number/s

Mobile Numbe

MERCYDES C. LEMENCE

mitchlemence@gmail.com

222-0937

975102290

Note: In case of death resignation or cessation of office of the offricer designated as contact person, such incident shall be reported to the commission within thirty (30)
calendar days from the occurrence therof with information and complete contact details of the new contact person designated.

SEC Registration Number

Tax Identification Number

T I

O N S

Secondary License Type,If Applicable

Mobile Number

Fiscal Year
Month/Day

Mobile Number

975102290