Pandolfo

Quantity Cost/Unit

Direct Materials
Banana Fiber (per 10 Feet) 70.00 20.00
Nails (per Kilo) 0.25 60.00
Tackers (per Pack) 0.50 110.00
Seal Wood (per Gallon) 0.25 700.00
Bvarnish (per Gallon) 0.50 450.00
Foam 1.00 1,500.00
Mahogany Wood (per 4 Feet) 8.33 240.00
Pillows (per Piece) 4.00 75.00
Total
Direct Labor
Carpenter 2.00 10,170.80
Assembly Man 1.00 10,595.80
Strippers and Weavers 3.00 8,778.80
Draftsman/AUTO CAD Operaor 1.00 10,646.80
Polish Men/Varnisher 2.00 10,170.80
Total
Overhead
Utillities 0.75 38,000.00
Rent 0.75 80,000.00
Total
Total Product Cost
Mark-Up (100% + 70%)
Selling Price

Sales - 5
Quantity Sold Per Month
2011 2012 2013 2014
Pandolfo 4 5 6 7
Regina 4 5 6 7
Hot Base 4 5 6 7
Moon Bed 4 5 6 7
Arkansas 4 5 6 7
Alabama 4 5 6 7
Prodia 4 5 6 7
Dakota 4 5 6 7
TOTAL SALES 32 38 46 55
 Purchases
Cost of Materials
2011 2012 2013 2014
Pandolfo 2,835.00 2,976.75 3,125.59 3,281.87
Regina 7,220.00 7,581.00 7,960.05 8,358.05
Hot Base 9,602.50 10,082.63 10,586.76 11,116.09
Moon Bed 7,522.50 7,898.63 8,293.56 8,708.23
Arkansas 8,211.88 8,622.47 9,053.59 9,506.27
Alabama 5,915.00 6,210.75 6,521.29 6,847.35
Prodia 3,779.98 3,968.98 4,167.43 4,375.80
Dakota 3,936.24 4,133.05 4,339.70 4,556.69
TOTAL PURCHASES

Materials Ending Inv

Cost of Materials

Pandolfo 2,835.00 2,976.75 3,125.59 3,281.87

Regina 7,220.00 7,581.00 7,960.05 8,358.05
Hot Base 9,602.50 10,082.63 10,586.76 11,116.09
Moon Bed 7,522.50 7,898.63 8,293.56 8,708.23
Arkansas 8,211.88 8,622.47 9,053.59 9,506.27
Alabama 5,915.00 6,210.75 6,521.29 6,847.35
Prodia 3,779.98 3,968.98 4,167.43 4,375.80
Dakota 3,936.24 4,133.05 4,339.70 4,556.69
TOTAL MATERIALS INVENTORY

Quantity Days of Daily Monthly

Work Salary Salary
Carpenter 2 26 400.00 10,400.00
Assembly Man 1 27 401.00 10,827.00
Strippers/Weavers 3 26 350.00 9,100.00
Draftsman/AUTO CAD Oper. 1 26 426.00 11,076.00
Polish Men/Varnisher 2 26 400.00 10,400.00
TOTAL 51,803.00

Quantity Days of Daily Monthly

Work Salary Salary
General Manager 1 26 769.23 20,000.00
Finance Head 1 26 576.92 15,000.00
Operations Head 1 26 576.92 15,000.00
Marketing Head 1 26 576.92 15,000.00
Quality Control Supervisor 1 26 480.00 12,480.00
Salesperson 3 26 426.00 11,076.00
Helpers/Delivery 2 26 426.00 11,076.00
Security Guard 1 26 426.00 11,076.00
TOTAL 110,708.00

Manufacturing Overhead
Plant Monthly Yea
Percentage Amount No. Of Months
Utilities :
Water 0.75 15,000.00 12
Electricity 0.75 20,000.00 12
Communication System 0.75 3,000.00 12
Total 0.75 38,000.00 12
Rent 0.75 80,000.00 12
Total Manufacturing Overhead

Other Income - Delivery Income

Delivery Number of Total Times Yea
Income Months of Delivery 2011
Monthly Units per Year 0
2011 32 250.00 12 384 96,000.00
2012 38 250.00 12 461
2013 46 250.00 12 553
2014 55 250.00 12 664
2015 66 250.00 12 796
Total 96,000.00

SSS & PhilHealth - EE Contribution

2011
Manager 750.00
Finance Head 687.50
Operations Head 687.50
Marketing Head 687.50
Quality Control Supervisor 488.50
Salesperson 429.20
Helpers/Delivery 429.20
Security Guard 429.20
Monthly EE Contribution 4,588.60
Number of Months 12
Total Yearly Expense 55,063.20
Less : Year-End Contribution Payable 4,588.60
Total SSS & PhilHealth Expense 50,474.60
 Research And Development Expense
2011
Surveys 5,000.00
Experimentation 30,000.00
Total Research And Development Expense 35,000.00

Rent
2011
Initial Payment 240,000.00
Advance Payment 1,000,000.00
Total Payment 1,240,000.00
Less : Total Rent Expense 960,000.00
Total Prepaid Rent (Rent Payable) 280,000.00

Supplies Expense
Quantity Cost/Unit 2011
Sanitary Wares 2 5,000.00 10,000.00
Male Urinal 2 4,590.00 9,180.00
Liquid Soap Dispenser 2 2,540.00 5,080.00
Sponges 60 10.00 600.00
Fire Extinguisher 2 10,000.00 20,000.00
Total Supplies 44,860.00

Dep
Quantity Cost/Unit Total Useful Annua
Amount Life (Years) 2011
Computer Set 2 32,500.00 65,000.00 5 13,000.00
Filing Cabinet 1 7,500.00 7,500.00 5 1,500.00
Office Table 2 1,500.00 3,000.00 5 600.00
Office Chair 2 1,200.00 2,400.00 5 480.00
Cork Board 1 520.25 520.25 5 104.05
Water Dispenser 1 3,500.00 3,500.00 5 700.00
Total 81,920.25 5 16384.05

Deprec
 Quantity Cost/Unit Total Useful Annua
Amount Life (Years) 2011
Hand Drill 2 7,610.00 15,220.00 5 3,044.00
Rock Well Blade 2 6,676.00 13,352.00 5 2,670.40
Chisel 2 500.00 1,000.00 5 200.00
Hammer 3 377.58 1,132.74 5 226.55
Hand Wood Planer 1 2,000.00 2,000.00 5 400.00
Jack Drill 1 2,500.00 2,500.00 5 500.00
Sander Machine 1 6,000.00 6,000.00 5 1,200.00
Jigsaw Machine 1 11,900.00 11,900.00 5 2,380.00
Hand Planer Long 1 37,500.00 37,500.00 5 7,500.00
Tacker Gun 2 676.20 1,352.40 2 676.20
Total 91,957.14 5 18797.15

Depre
Quantity Cost/Unit Total Useful Annua
Amount Life (Years) 2011
Exhaust Fan 4 676.00 2,704.00 5 540.80
Air Condition 1 12,000.00 12,000.00 5 2,400.00
Ventilator Fan 2 15,490.25 30,980.50 5 6,196.10
Total 45,684.50 5 9136.90

Depr
Quantity Cost/Unit Total Useful Annua
Amount Life (Years) 2011
Computer Set 2 640,000.00 1,280,000.00 10 128,000.00

Tax Provision (30%)

Tax Rate 2011
Sales Revenue For The Year :
2011 1,318,526.84 30% 395,558.05
2012 2,336,285.84 30%
2013 2,538,810.11 30%
2014 2,564,109.38 30%
2015 2,663,988.25 30%
Total Tax Provision per Year 395,558.05
Less : Quarter-End Tax Provision 98,889.51
Add : Previous Last Quarter Tax Provision
Tax Provision Expense 296,668.54

Capital Contribution Licens

Partners : Amount
1,250,000.00 SEC
1,250,000.00 SEC Processing
1,250,000.00 SEC Registering
 1,250,000.00 SEC Documentary
1,250,000.00 Barangay Permit
1,250,000.00 Mayor's Permit
1,250,000.00 Sanitary Permit
Total Capital Contribution 8,750,000.00 Garbage Fee
Signboard Fee
Fire Safety Inspection Fee
BIR Registration
BIR Certification
BIR Documentary Stamp
BIR Boooks And Accounts
BIR Official Receipt and Sales Invoice
Notary For Business Permit Form
Training Cost
Total

Total Projected Cost

Capital Contribution 1250000

Material Purchases
Direct Labor
MOH
Expenses

Total Projected Cost

Cash beginning

CASH DEPOSIT/INTEREST IN
Years Principal Rate Interest FWT Rate
2011 N/A N/A N/A N/A
2012 4,000,000.00 5% 200,000.00 20%
2013 4,000,000.00 5% 200,000.00 20%
2014 4,000,000.00 5% 200,000.00 20%
2015 4,000,000.00 5% 200,000.00 20%
Produced Date of Share Total Cost
Units Completion Per Product
(Monthly) (8 Products)
Direct Materials
2.00 700.00
2.00 7.50
2.00 27.50
2.00 87.50
2.00 112.50
2.00 750.00
2.00 1,000.00
2.00 150.00
2,835.00

0.25 8.00 635.68 Direct Labor

0.25 8.00 331.12
0.25 8.00 823.01
0.25 8.00 332.71
0.25 8.00 635.68
2,758.19

0.25 8.00 890.63 Overhead

0.25 8.00 1,875.00
2,765.63
8,358.82
170% Total Product Cost
14,209.99 Mark-Up
Selling Price

Sales - 5% Increase
Selling Number of Total Yearly Sales
2015 Price Months 2011 2012 2013
8 14,209.99 12 682,079.61 818,495.53 982,194.64
8 21,664.49 12 1,039,895.61 1,247,874.73 1,497,449.68
8 25,714.74 12 1,234,307.61 1,481,169.13 1,777,402.96
8 22,178.74 12 1,064,579.61 1,277,495.53 1,532,994.64
8 23,350.68 12 1,120,832.61 1,344,999.13 1,613,998.96
8 19,445.99 12 933,407.61 1,120,089.13 1,344,106.96
8 15,816.46 12 759,189.98 911,027.97 1,093,233.57
8 16,082.10 12 771,940.79 926,328.95 1,111,594.74
66 7,606,233.43 9,127,480.12 10,952,976.14
 Purchases - 5% Increase
Monthly Number of Total Yearly Purchases
2015 Production Months 2011 2012 2013
3,445.96 4 12 136,080.00 142,884.00 150,028.20
8,775.96 4 12 346,560.00 363,888.00 382,082.40
11,671.90 4 12 460,920.00 483,966.00 508,164.30
9,143.65 4 12 361,080.00 379,134.00 398,090.70
9,981.59 4 12 394,170.00 413,878.50 434,572.43
7,189.72 4 12 283,920.00 298,116.00 313,021.80
4,594.59 4 12 181,439.04 190,510.99 200,036.54
4,784.52 4 12 188,939.52 198,386.50 208,305.82
2,353,108.56 2,470,763.99 2,594,302.19

Materials Ending Inventory - Worth 2 Weeks

Weekly Number of Total Materials Ending Inventory
Production Weeks 2011 2012 2013
3,445.96 1 2 5,670.00 5,953.50 6,251.18
8,775.96 1 2 14,440.00 15,162.00 15,920.10
11,671.90 1 2 19,205.00 20,165.25 21,173.51
9,143.65 1 2 15,045.00 15,797.25 16,587.11
9,981.59 1 2 16,423.75 17,244.94 18,107.18
7,189.72 1 2 11,830.00 12,421.50 13,042.58
4,594.59 1 2 7,559.96 7,937.96 8,334.86
4,784.52 1 2 7,872.48 8,266.10 8,679.41
98,046.19 102,948.50 108,095.92

Direct Labor Cost

SSS EC PhilHealth
ER EE Total ER PS EM
353.30 166.70 520.00 10.00 62.50 62.50
354.30 167.70 522.00 11.00 63.50 63.50
494.70 233.70 728.40 10.00 87.50 87.50
671.30 316.70 988.00 10.00 112.50 112.50
353.30 166.70 520.00 10.00 62.50 62.50
2,226.90 1,051.50 3,278.40 51.00 388.50 388.50

Indirect Labor Cost

SSS EC PhilHealth
ER EE Total ER PS EM
1,060.00 500.00 1,560.00 30.00 250.00 250.00
1,060.00 500.00 1,560.00 30.00 187.50 187.50
1,060.00 500.00 1,560.00 30.00 187.50 187.50
1,060.00 500.00 1,560.00 30.00 187.50 187.50
820.00 350.00 1,170.00 20.00 138.50 138.50
 671.30 316.70 988.00 10.00 112.50 112.50
671.30 316.70 988.00 10.00 112.50 112.50
671.30 316.70 988.00 10.00 112.50 112.50
7,073.90 3,300.10 10,374.00 170.00 1,288.50 1,288.50

erhead
Yearly Amount
2011 2012 2013 2014 2015

135,000.00 135,000.00 135,000.00 135,000.00 135,000.00

180,000.00 180,000.00 180,000.00 180,000.00 180,000.00
27,000.00 27,000.00 27,000.00 27,000.00 27,000.00
342,000.00 342,000.00 342,000.00 342,000.00 342,000.00
720,000.00 720,000.00 720,000.00 720,000.00 720,000.00
1,062,000.00 1,062,000.00 1,062,000.00 1,062,000.00 1,062,000.00

ery Income
Yearly Amount
2012 2013 2014 2015
Manager
Finance Head
17,694.72 Operations Head
25,480.40 Marketing Head
36,691.77 Quality Control Supervisor
52,836.15 Salesperson
17,694.72 25,480.40 36,691.77 52,836.15 Helpers/Delivery
Security Guard
Total

ontribution
2012 2013 2014 2015
750.00 750.00 750.00 750.00 Manager
687.50 687.50 687.50 687.50 Finance Head
687.50 687.50 687.50 687.50 Operations Head
687.50 687.50 687.50 687.50 Marketing Head
488.50 488.50 488.50 488.50 Quality Control Supervisor
429.20 429.20 429.20 429.20 Salesperson
429.20 429.20 429.20 429.20 Helpers/Delivery
429.20 429.20 429.20 429.20 Security Guard
4,588.60 4,588.60 4,588.60 4,588.60 Total
12 12 12 12 Number of Months
55,063.20 55,063.20 55,063.20 55,063.20 Total Yearly Expense
4,588.60 4,588.60 4,588.60 4,588.60 Less : Year-End Withholding Tax Payab
50,474.60 50,474.60 50,474.60 50,474.60 Total Withholding Tax Expense
ment Expense
2012 2013 2014 2015
5,000.00 5,000.00 5,000.00 5,000.00 Tarpaulin
30,000.00 30,000.00 30,000.00 30,000.00 Leaflets
35,000.00 35,000.00 35,000.00 35,000.00 Business Card
Showroom Rental
Showroom Electricity
2012 2013 2014 2015 Showroom Water
Showroom Internet
1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 Total Advertising Expense
1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00
960,000.00 960,000.00 960,000.00 960,000.00
40,000.00 40,000.00 40,000.00 40,000.00
Monthly Utilities Expense
nse Number of Months
2012 2013 2014 2015 Yearly Utilities Expense
Less : Year-End Utilities Payable
Total Utilities Expense

600.00 600.00 600.00 600.00

20,000.00 20,000.00
600.00 20,600.00 600.00 20,600.00 Drawings
Drawings
Drawings
Drawings
Drawings
Drawings
Drawings
Total Drawings

Depreciation Expense - Office Equipments

Annual Depreciation
2012 2013 2014 2015 2011
13,000.00 13,000.00 13,000.00 13,000.00 52,000.00
1,500.00 1,500.00 1,500.00 1,500.00 6,000.00
600.00 600.00 600.00 600.00 2,400.00
480.00 480.00 480.00 480.00 1,920.00
104.05 104.05 104.05 104.05 416.20
700.00 700.00 700.00 700.00 2,800.00
16384.05 16384.05 16384.05 16384.05 65,536.20

Depreciation Expense - Warehouse Equipments

 Annual Depreciation
2012 2013 2014 2015 2011
3,044.00 3,044.00 3,044.00 3,044.00 12,176.00
2,670.40 2,670.40 2,670.40 2,670.40 10,681.60
200.00 200.00 200.00 200.00 800.00
226.55 226.55 226.55 226.55 906.19
400.00 400.00 400.00 400.00 1,600.00
500.00 500.00 500.00 500.00 2,000.00
1,200.00 1,200.00 1,200.00 1,200.00 4,800.00
2,380.00 2,380.00 2,380.00 2,380.00 9,520.00
7,500.00 7,500.00 7,500.00 7,500.00 30,000.00
676.20 676.20
18797.15 18120.95 18120.95 18120.95 73,159.99

Depreciation Expense - Ventilation Equipments

Annual Depreciation
2012 2013 2014 2015 2011
540.80 540.80 540.80 540.80 2,163.20
2,400.00 2,400.00 2,400.00 2,400.00 9,600.00
6,196.10 6,196.10 6,196.10 6,196.10 24,784.40
9136.90 9136.90 9136.90 9136.90 36,547.60

Depreciation Expense - Delivery Equipments

Annual Depreciation
2012 2013 2014 2015 2011
128,000.00 128,000.00 128,000.00 128,000.00 1,152,000.00

30%) Qua
2012 2013 2014 2015 2011

4 98,889.51
700,885.75 4
761,643.03 4
769,232.82 4
799,196.47 4
700,885.75 761,643.03 769,232.82 799,196.47 98,889.51
175,221.44 190,410.76 192,308.20 199,799.12
98,889.51 175,221.44 190,410.76 192,308.20
624,553.83 746,453.71 767,335.37 791,705.56

Licenses And Permits

2011 2012 2013 2014
100.00
300.00
1,000.00
ocumentary 15.00
1,000.00 1,000.00 1,000.00 1,000.00
5,000.00 5,000.00 5,000.00 5,000.00
90.00
1,200.00
200.00
afety Inspection Fee 649.00
500.00
100.00 100.00 100.00 100.00
ocumentary Stamp 15.00
oooks And Accounts 2,000.00 2,000.00 2,000.00 2,000.00
fficial Receipt and Sales Invoice 250.00
y For Business Permit Form 100.00
5,000.00
17,519.00 8,100.00 8,100.00 8,100.00

Total Projected Cost

7 8750000
Cost
2,353,108.56
621,636.00
1,062,000.00
1,656,717.60
50,474.60
144,331.00
35,000.00
42,099.00
800.00
240,000.00
104,500.00
40,000.00
17,519.00
44,860.00
81,920.25
91,957.14
45,684.50
1,280,000.00
7,912,607.65

837,392.35

CASH DEPOSIT/INTEREST INCOME/FWT

FWT Interest Income 2011 2012 2013 2014
N/A N/A N/A
40,000.00 160,000.00 4,160,000.00
40,000.00 160,000.00 4,160,000.00
40,000.00 160,000.00 4,160,000.00
40,000.00 160,000.00
N/A 4,160,000.00 4,160,000.00 4,160,000.00
 Regine Dining Set
Quantity Cost/Unit

Banana Fiber (per 10 Feet) 80.00 20.00

Narra Wood (per 6 Feet) 1.00 6,000.00
Narra Wood (per 4 Feet) 3.00 2,000.00
Epoxy (Small Can 4 Feet) 1.00 75.00
Nails (1.5 Size) 0.50 40.00
Nails (2 Size) 0.25 20.00
Varnish 1.00 450.00
Thinner 1.00 180.00
Tackers (5000pcs/pack) 1.00 110.00
Total

Carpenter 2.00 10,170.80

Assembly Man 1.00 10,595.80
Strippers and Weavers 3.00 8,778.80
Draftsman/AUTO CAD Operaor 1.00 10,646.80
Polish Men/Varnisher 2.00 10,170.80
Total

Utillities 0.75 38,000.00

Rent 0.75 80,000.00
Total

(100% + 70%)

l Yearly Sales
2014 2015
1,178,633.57 1,414,360.28
1,796,939.61 2,156,327.54
2,132,883.55 2,559,460.26
1,839,593.57 2,207,512.28
1,936,798.75 2,324,158.50
1,612,928.35 1,935,514.02
1,311,880.28 1,574,256.34
1,333,913.69 1,600,696.43
13,143,571.37 15,772,285.64
early Purchases
2014 2015
157,529.61 165,406.09
401,186.52 421,245.85
533,572.52 560,251.14
417,995.24 438,895.00
456,301.05 479,116.10
328,672.89 345,106.53
210,038.37 220,540.29
218,721.11 229,657.17
2,724,017.30 2,860,218.16

als Ending Inventory

2014 2015
6,563.73 6,891.92
16,716.11 17,551.91
22,232.19 23,343.80
17,416.47 18,287.29
19,012.54 19,963.17
13,694.70 14,379.44
8,751.60 9,189.18
9,113.38 9,569.05
113,500.72 119,175.76

hilHealth Total Total Monthly Number Yearly

Total WTP Deduction Net Salary of Months Net Salary
125.00 655.00 229.20 10,170.80 12 122,049.60
127.00 660.00 231.20 10,595.80 12 127,149.60
175.00 913.40 321.20 8,778.80 12 105,345.60
225.00 1,223.00 429.20 10,646.80 12 127,761.60
125.00 655.00 229.20 10,170.80 12 122,049.60
777.00 4,106.40 1,440.00 50,363.00 12 604,356.00

hilHealth Total Total Monthly Number Yearly

Total WTP Deduction Net Salary of Months Net Salary
500.00 2,090.00 750.00 19,250.00 12 231,000.00
375.00 1,965.00 687.50 14,312.50 12 171,750.00
375.00 1,965.00 687.50 14,312.50 12 171,750.00
375.00 1,965.00 687.50 14,312.50 12 171,750.00
277.00 1,467.00 488.50 11,991.50 12 143,898.00
 225.00 1,223.00 429.20 10,646.80 12 127,761.60
225.00 1,223.00 429.20 10,646.80 12 127,761.60
225.00 1,223.00 429.20 10,646.80 12 127,761.60
2,577.00 13,121.00 4,588.60 106,119.40 12 1,273,432.80

Finished Goods Ending Inventory

Yearly Amount
2011 2012 2013 2014
Direct Materials Used 2,255,062.37 2,465,861.68 2,589,154.76 2,718,612.50
Direct Labor 621,636.00 621,636.00 621,636.00 621,636.00
Manufacturing Overhead 1,062,000.00 1,062,000.00 1,062,000.00 1,062,000.00
Total Cost of goods Available For Sale 3,938,698.37 4,149,497.68 4,272,790.76 4,402,248.50
Ending Inventory Rate 10% 8% 6% 4%
Finished Goods Ending Inventory 393,869.84 331,959.81 256,367.45 176,089.94

Salaries Expense
Total Net Indirect Labor Cost
2011 2012 2013 2014 2015
231,000.00 231,000.00 231,000.00 231,000.00 231,000.00
171,750.00 171,750.00 171,750.00 171,750.00 171,750.00
171,750.00 171,750.00 171,750.00 171,750.00 171,750.00
171,750.00 171,750.00 171,750.00 171,750.00 171,750.00
ontrol Supervisor 143,898.00 143,898.00 143,898.00 143,898.00 143,898.00
383,284.80 383,284.80 383,284.80 383,284.80 383,284.80
255,523.20 255,523.20 255,523.20 255,523.20 255,523.20
127,761.60 127,761.60 127,761.60 127,761.60 127,761.60
1,656,717.60 1,656,717.60 1,656,717.60 1,656,717.60 1,656,717.60

Withholding Tax
2011 2012 2013 2014 2015
2,090.00 2,090.00 2,090.00 2,090.00 2,090.00
1,965.00 1,965.00 1,965.00 1,965.00 1,965.00
1,965.00 1,965.00 1,965.00 1,965.00 1,965.00
1,965.00 1,965.00 1,965.00 1,965.00 1,965.00
ontrol Supervisor 1,467.00 1,467.00 1,467.00 1,467.00 1,467.00
1,223.00 1,223.00 1,223.00 1,223.00 1,223.00
1,223.00 1,223.00 1,223.00 1,223.00 1,223.00
1,223.00 1,223.00 1,223.00 1,223.00 1,223.00
13,121.00 13,121.00 13,121.00 13,121.00 13,121.00
12 12 12 12 12
157,452.00 157,452.00 157,452.00 157,452.00 157,452.00
r-End Withholding Tax Payable 13,121.00 13,121.00 13,121.00 13,121.00 13,121.00
hholding Tax Expense 144,331.00 144,331.00 144,331.00 144,331.00 144,331.00
 Advertising Expense
2011 2012 2013 2014 2015
600.00 600.00 600.00 600.00 600.00
1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
25,000.00 25,000.00 25,000.00 25,000.00 25,000.00
m Electricity 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00
2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
1,499.00 1,499.00 1,499.00 1,499.00 1,499.00
ertising Expense 42,099.00 42,099.00 42,099.00 42,099.00 42,099.00

Utilities
2011 2012 2013 2014 2015
Utilities Expense 38,000.00 38,000.00 38,000.00 38,000.00 38,000.00
12 12 12 12 12
tilities Expense 456,000.00 456,000.00 456,000.00 456,000.00 456,000.00
r-End Utilities Payable 38,000.00 38,000.00 38,000.00 38,000.00 38,000.00
ities Expense 418,000.00 418,000.00 418,000.00 418,000.00 418,000.00

Drawings
2011 2012 2013 2014 2015
50,000.00 50,000.00 50,000.00 50,000.00 50,000.00
50,000.00 50,000.00 50,000.00 50,000.00 50,000.00
50,000.00 50,000.00 50,000.00 50,000.00 50,000.00
50,000.00 50,000.00 50,000.00 50,000.00 50,000.00
50,000.00 50,000.00 50,000.00 50,000.00 50,000.00
50,000.00 50,000.00 50,000.00 50,000.00 50,000.00
50,000.00 50,000.00 50,000.00 50,000.00 50,000.00
350,000.00 350,000.00 350,000.00 350,000.00 350,000.00

Carrying Value
2012 2013 2014 2015
39,000.00 26,000.00 13,000.00 -
4,500.00 3,000.00 1,500.00 -
1,800.00 1,200.00 600.00 -
1,440.00 960.00 480.00 -
312.15 208.10 104.05 -
2,100.00 1,400.00 700.00 -
49,152.15 32,768.10 16,384.05 -
 Carrying Value
2012 2013 2014 2015
9,132.00 6,088.00 3,044.00 -
8,011.20 5,340.80 2,670.40 -
600.00 400.00 200.00 -
679.64 453.10 226.55 -
1,200.00 800.00 400.00 -
1,500.00 1,000.00 500.00 -
3,600.00 2,400.00 1,200.00 -
7,140.00 4,760.00 2,380.00 -
22,500.00 15,000.00 7,500.00 -
- - - -
54,362.84 36,241.90 18,120.95 -

Carrying Value
2012 2013 2014 2015
1,622.40 1,081.60 540.80 -
7,200.00 4,800.00 2,400.00 -
18,588.30 12,392.20 6,196.10 -
27,410.70 18,273.80 9,136.90 -

Carrying Value
2012 2013 2014 2015
1,024,000.00 896,000.00 768,000.00 640,000.00

Quarter-End Tax Provision

2012 2013 2014 2015

175,221.44
190,410.76
192,308.20
199,799.12
175,221.44 190,410.76 192,308.20 199,799.12

2015
1,000.00
5,000.00

100.00

2,000.00

8,100.00

2015
4,160,000.00
4,160,000.00
Produced Date of Share Total Cost
Units Completion Per Product
(Monthly) (8 Products)
Direct Materials
2.00 800.00 Banana Fiber (per 10 Feet)
2.00 3,000.00 Mattress
2.00 3,000.00 Oakwood 2x2x8
2.00 37.50 Oakwood 2x3x10
2.00 10.00 Oakwood 2x8x10
2.00 2.50 Nails (4' Size)
2.00 225.00 Varnish
2.00 90.00 Total
2.00 55.00 Direct Labor
7,220.00 Carpenter
Assembly Man
0.25 8.00 635.68 Strippers and Weavers
0.25 8.00 331.12 Draftsman/AUTO CAD Ope
0.25 8.00 823.01 Polish Men/Varnisher
0.25 8.00 332.71 Total
0.25 8.00 635.68 Overhead
2,758.19 Utillities
Rent
0.25 8.00 890.63 Total
0.25 8.00 1,875.00 Total Product Cost
2,765.63 Mark-Up (100% + 70%)
12,743.82 Selling Price
170%
21,664.49
Total Yearly Total
Net Salary Salary
244,099.20 124,800.00
127,149.60 129,924.00
316,036.80 109,200.00
127,761.60 132,912.00
244,099.20 124,800.00
1,059,146.40 621,636.00

Total Yearly Total

Net Salary Salary
231,000.00 240000.00
171,750.00 180000.00
171,750.00 180000.00
171,750.00 180000.00
143,898.00 149760.00
 383,284.80 132912.00
255,523.20 132912.00
127,761.60 132912.00
1,656,717.60 1,328,496.00

2015
2,854,543.13
621,636.00
1,062,000.00
4,538,179.13
2%
90,763.58
Indirect Portion 2011 2012 2013 2014 2015
0.25 9,500.00 9,500.00 0.25 9,500.00 9,500.00
12 12 12 12 12
0.25 114,000.00 114,000.00 3.00 114,000.00 114,000.00
9,500.00 9,500.00 0.25 9,500.00 9,500.00
104,500.00 104,500.00 2.75 104,500.00 104,500.00

Rent

Initial Payment
Advance Payment
Total Payment
Less : Total Rent Expense
Total Prepaid Rent (Rent Payable)
 Hot Base Bed
Quantity Cost/Unit Produced Date of
Units Completion
(Monthly)

Banana Fiber (per 10 Feet) 140.00 20.00 2.00

1.00 7,950.00 2.00
Oakwood 2x2x8 3.00 400.00 2.00
Oakwood 2x3x10 2.00 810.00 2.00
Oakwood 2x8x10 2.00 2,130.00 2.00
Nails (4' Size) 1.00 25.00 2.00
3.00 450.00 2.00

2.00 10,170.80 0.25

Assembly Man 1.00 10,595.80 0.25
Strippers and Weavers 3.00 8,778.80 0.25
Draftsman/AUTO CAD Operaor 1.00 10,646.80 0.25
Polish Men/Varnisher 2.00 10,170.80 0.25

0.75 38,000.00 0.25

0.75 80,000.00 0.25

(100% + 70%)
Rent
2011 2012 2013 2014 2015 Indirect Porti 2011
240,000.00
1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00
1,240,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 -
960,000.00 960,000.00 960,000.00 960,000.00 960,000.00 0.25 240,000.00
280,000.00 40,000.00 40,000.00 40,000.00 40,000.00 240,000.00
 Moon
Share Total Cost
Per Product
(8 Products)
Direct Materials
1,400.00 Banana Fiber (per 10 Feet)
3,975.00 Cushion
600.00 Nail (4' Size)
810.00 Mahogany Wood 2x2x8
2,130.00 Mahogany Wood 2x4x10
12.50 Varnish
675.00 Total
9,602.50 Direct Labor
Carpenter
8.00 635.68 Assembly Man
8.00 331.12 Strippers and Weavers
8.00 823.01 Draftsman/AUTO CAD Operaor
8.00 332.71 Polish Men/Varnisher
8.00 635.68 Total
2,758.19 Overhead
Utillities
8.00 890.63 Rent
8.00 1,875.00 Total
2,765.63 Total Product Cost
15,126.32 Mark-Up (100% + 70%)
170% Selling Price
25,714.74
 2012 2013 2014 2015

- - - -
240,000.00 240,000.00 240,000.00 240,000.00
240,000.00 240,000.00 240,000.00 240,000.00
Moon Bed
Quantity Cost/Unit Produced Date of Share Total Cost
Units Completion Per Product
(Monthly) (8 Products)

100.00 20.00 2.00 1,000.00

1.00 7,950.00 2.00 3,975.00
1.00 25.00 2.00 12.50
4.00 115.00 2.00 230.00
14.00 265.00 2.00 1,855.00
2.00 450.00 2.00 450.00
7,522.50

2.00 10,170.80 0.25 8.00 635.68

1.00 10,595.80 0.25 8.00 331.12
3.00 8,778.80 0.25 8.00 823.01
1.00 10,646.80 0.25 8.00 332.71
2.00 10,170.80 0.25 8.00 635.68
2,758.19

0.75 38,000.00 0.25 8.00 890.63

0.75 80,000.00 0.25 8.00 1,875.00
2,765.63
13,046.32
170%
22,178.74
 Arkansas
Quantity Cost/Unit Produced
Units

Direct Materials
Banana Fiber (per 10 Feet) 80.00 20.00 2.00
Narra Wood 1.00 6,000.00 2.00
Narra Wood 2.00 4,000.00 2.00
Tackers 1.00 110.00 2.00
Nails (1.5 Size) 0.25 15.00 2.00
Nails (2 Size) 0.25 20.00 2.00
Epoxy 1.00 75.00 2.00
Varnish 1.00 450.00 2.00
Thinner 1.00 180.00 2.00
Total
Direct Labor
Carpenter 2.00 10,170.80
Assembly Man 1.00 10,595.80
Strippers and Weavers 3.00 8,778.80
Draftsman/AUTO CAD Operaor 1.00 10,646.80
Polish Men/Varnisher 2.00 10,170.80
Total
Overhead
Utillities 0.75 38,000.00
Rent 0.75 80,000.00
Total
Total Product Cost
Mark-Up (100% + 70%)
Selling Price
 Alab
Date of Share Total Cost
Completion Per Product
(Monthly) (8 Products)
Direct Materials
800.00 Banana Fiber (per 10 Feet)
3,000.00 Narra Wood (per 6 Feet)
4,000.00 Narra Wood (per 4 Feet)
55.00 Epoxy (Small Can 4 Feet)
1.88 Nails (1.5 Size)
2.50 Nails (2 Size)
37.50 Varnish
225.00 Thinner
90.00 Tackers (5000pcs/pack)
8,211.88 Total
Direct Labor
0.25 8.00 635.68 Carpenter
0.25 8.00 331.12 Assembly Man
0.25 8.00 823.01 Strippers and Weavers
0.25 8.00 332.71 Draftsman/AUTO CAD Operaor
0.25 8.00 635.68 Polish Men/Varnisher
2,758.19 Total
Overhead
0.25 8.00 890.63 Utillities
0.25 8.00 1,875.00 Rent
2,765.63 Total
13,735.69 Total Product Cost
170% Mark-Up (100% + 70%)
23,350.68 Selling Price
 Alabama
Quantity Cost/Unit Produced Date of Share Total Cost
Units Completion Per Product
(Monthly) (8 Products)

50.00 20.00 2.00 500.00

1.00 6,000.00 2.00 3,000.00
2.00 2,000.00 2.00 2,000.00
1.00 75.00 2.00 37.50
0.25 40.00 2.00 5.00
0.25 20.00 2.00 2.50
1.00 450.00 2.00 225.00
1.00 180.00 2.00 90.00
1.00 110.00 2.00 55.00
5,915.00

2.00 10,170.80 0.25 8.00 635.68

1.00 10,595.80 0.25 8.00 331.12
3.00 8,778.80 0.25 8.00 823.01
1.00 10,646.80 0.25 8.00 332.71
2.00 10,170.80 0.25 8.00 635.68
2,758.19

0.75 38,000.00 0.25 8.00 890.63

0.75 80,000.00 0.25 8.00 1,875.00
2,765.63
11,438.82
170%
19,445.99
 Prodia
Quantity Cost/Unit Produced
Units

Direct Materials
Banana Fiber (per 10 Feet) 150.00 20.00 2.00
Plywood 4.00 838.74 2.00
Nails (1.5 Size) 0.25 60.00 2.00
Varnish 1.00 450.00 2.00
Foam 1.00 180.00 2.00
Pillows 6.00 75.00 2.00
Tackers (5000pcs/pack) 1.00 110.00 2.00
Total
Direct Labor
Carpenter 2.00 10,170.80
Assembly Man 1.00 10,595.80
Strippers and Weavers 3.00 8,778.80
Draftsman/AUTO CAD Operaor 1.00 10,646.80
Polish Men/Varnisher 2.00 10,170.80
Total
Overhead
Utillities 0.75 38,000.00
Rent 0.75 80,000.00
Total
Total Product Cost
Mark-Up (100% + 70%)
Selling Price
 Dak
Date of Share Total Cost
Completion Per Product
(Monthly) (8 Products)
Direct Materials
1,500.00 Banana Fiber (per 10 Feet)
1,677.48 Plywood
7.50 Coco Lumber
225.00 Nails (1.5 Size)
90.00 Foam
225.00 Varnish
55.00 Sealwood
3,779.98 Tackers (5000pcs/pack)
Total
0.25 8.00 635.68 Direct Labor
0.25 8.00 331.12 Carpenter
0.25 8.00 823.01 Assembly Man
0.25 8.00 332.71 Strippers and Weavers
0.25 8.00 635.68 Draftsman/AUTO CAD Operaor
2,758.19 Polish Men/Varnisher
Total
0.25 8.00 890.63 Overhead
0.25 8.00 1,875.00 Utillities
2,765.63 Rent
9,303.80 Total
170% Total Product Cost
15,816.46 Mark-Up (100% + 70%)
Selling Price
 Dakota
Quantity Cost/Unit Produced Date of Share Total Cost
Units Completion Per Product
(Monthly) (8 Products)

150.00 20.00 2.00 1,500.00

2.00 838.74 2.00 838.74
4.00 110.00 2.00 220.00
0.50 40.00 2.00 10.00
1.00 2,000.00 2.00 1,000.00
1.00 450.00 2.00 225.00
0.50 350.00 2.00 87.50
1.00 110.00 2.00 55.00
3,936.24

2.00 10,170.80 0.25 8.00 635.68

1.00 10,595.80 0.25 8.00 331.12
3.00 8,778.80 0.25 8.00 823.01
1.00 10,646.80 0.25 8.00 332.71
2.00 10,170.80 0.25 8.00 635.68
2,758.19

0.75 38,000.00 0.25 8.00 890.63

0.75 80,000.00 0.25 8.00 1,875.00
2,765.63
9,460.06
170%
16,082.10
 2011
Sales Revenue 6,026,208.51
Less : Cost of Sales
Direct Materials
Materials, Beginning Inventory -
Add : Materials Purchases 1 2,353,108.56
Materials Available For Use 2,353,108.56
Less : Materials, Ending Inventory 2 98,046.19
Materials Used 2,255,062.37
Add : Direct Labor 3 621,636.00
Add : Manufacturing Overhead 4 1,062,000.00
Total Manufacturing Cost 3,938,698.37
Add : Finished Goods Inventory, Beginning
Cost of Goods Available For Sale 3,938,698.37
Less : Finished Goods Inventory, Ending 5 393,869.84
Cost of Goods Manufactured And Sold 3,544,828.53
Gross Profit 3,771,146.14
Interest Income -
Other Income - Delivery Charges 6 96,000.00
Less : Expenses
Salaries Expense 7 1,656,717.60
SSS & PhilHealth Expense 8 50,474.60
Withholding Tax Expense 9 144,331.00
Research and Development Expense 10 35,000.00
Advertising Expense 11 42,099.00
Painting Expense 800.00
Rent Expense 12 240,000.00
Utilities Expense 13 104,500.00
Professional Fees 40,000.00
Licenses And Permits 14 17,519.00
Supplies Expense 15 44,860.00
Final Withholding Tax Expense - Passive Income -
Depreciation Exp. - Office Equipment 16 16,384.05
Depreciation Exp. - Warehouse Equip. 17 18,797.15
Depreciation Exp. - Ventilation Equip. 18 9,136.90
Depreciation Exp. - Delivery Equipment 19 128,000.00
Total Expenses 2,548,619.30
Income 1,318,526.84
Tax Provision Rate (30%) 20 296,668.54
Net Income 1,021,858.30
Statement of Income
For The Years:

2012 2013 2014 2015

7,159,393.09 7,392,251.32 7,620,294.21 7,859,959.32

98,046.19 102,948.50 108,095.92 113,500.72

2,470,763.99 2,594,302.19 2,724,017.30 2,860,218.16
2,568,810.18 2,697,250.69 2,832,113.22 2,973,718.88
102,948.50 108,095.92 113,500.72 119,175.76
2,465,861.68 2,589,154.76 2,718,612.50 2,854,543.13
621,636.00 621,636.00 621,636.00 621,636.00
1,062,000.00 1,062,000.00 1,062,000.00 1,062,000.00
4,149,497.68 4,272,790.76 4,402,248.50 4,538,179.13
393,869.84 331,959.81 256,367.45 176,089.94
4,543,367.52 4,604,750.58 4,658,615.95 4,714,269.07
331,959.81 256,367.45 176,089.94 90,763.58
4,211,407.70 4,348,383.13 4,482,526.01 4,623,505.48
4,693,531.41 4,803,096.56 4,901,681.71 5,005,416.20
160,000.00 160,000.00 160,000.00 160,000.00
17,694.72 25,480.40 36,691.77 52,836.15

1,656,717.60 1,656,717.60 1,656,717.60 1,656,717.60

50,474.60 50,474.60 50,474.60 50,474.60
144,331.00 144,331.00 144,331.00 144,331.00
35,000.00 35,000.00 35,000.00 35,000.00
42,099.00 42,099.00 42,099.00 42,099.00
800.00 800.00 800.00 800.00
240,000.00 240,000.00 240,000.00 240,000.00
104,500.00 2.75 104,500.00 104,500.00
40,000.00 40,000.00 40,000.00 40,000.00
8,100.00 8,100.00 8,100.00 8,100.00
600.00 20,600.00 600.00 20,600.00
40,000.00 40,000.00 40,000.00 40,000.00
16,384.05 16,384.05 16,384.05 16,384.05
18,797.15 18,120.95 18,120.95 18,120.95
9,136.90 9,136.90 9,136.90 9,136.90
128,000.00 128,000.00 128,000.00 128,000.00
2,534,940.30 2,449,766.85 2,534,264.10 2,554,264.10
2,336,285.84 2,538,810.11 2,564,109.38 2,663,988.25
624,553.83 746,453.71 767,335.37 791,705.56
1,711,732.01 1,792,356.40 1,796,774.01 1,872,282.69
 Statement of Partner's Equity
For The Years

2011 2012

Beginning Capital 1,345,979.76

Capital Contribution 1,250,000.00
Share in Net Income(Loss) 145,979.76 244,533.14
Total 1,395,979.76 1,590,512.90
Drawings 50,000.00 50,000.00
Ending Capital 1,345,979.76 1,540,512.90

Beginning Capital 1,345,979.76

Capital Contribution 1,250,000.00
Share in Net Income(Loss) 145,979.76 244,533.14
Total 1,395,979.76 1,590,512.90
Drawings 50,000.00 50,000.00
Ending Capital 1,345,979.76 1,540,512.90

Beginning Capital 1,345,979.76

Capital Contribution 1,250,000.00
Share in Net Income(Loss) 145,979.76 244,533.14
Total 1,395,979.76 1,590,512.90
Drawings 50,000.00 50,000.00
Ending Capital 1,345,979.76 1,540,512.90

Beginning Capital 1,345,979.76

Capital Contribution 1,250,000.00
Share in Net Income(Loss) 145,979.76 244,533.14
Total 1,395,979.76 1,590,512.90
Drawings 50,000.00 50,000.00
Ending Capital 1,345,979.76 1,540,512.90

Beginning Capital 1,345,979.76

Capital Contribution 1,250,000.00
Share in Net Income(Loss) 145,979.76 244,533.14
Total 1,395,979.76 1,590,512.90
Drawings 50,000.00 50,000.00
Ending Capital 1,345,979.76 1,540,512.90

Beginning Capital 1,345,979.76

Capital Contribution 1,250,000.00
Share in Net Income(Loss) 145,979.76 244,533.14
Total 1,395,979.76 1,590,512.90
Drawings 50,000.00 50,000.00
Ending Capital 1,345,979.76 1,540,512.90

Beginning Capital 1,345,979.76

Capital Contribution 1,250,000.00
Share in Net Income(Loss) 145,979.76 244,533.14
Total 1,395,979.76 1,590,512.90
Drawings 50,000.00 50,000.00
Ending Capital 1,345,979.76 1,540,512.90
of Partner's Equity
or The Years

2013 2014 2015

1,540,512.90 1,746,563.82 1,953,245.82

256,050.91 256,682.00 267,468.96

1,796,563.82 2,003,245.82 2,220,714.77
50,000.00 50,000.00 50,000.00
1,746,563.82 1,953,245.82 2,170,714.77

1,540,512.90 1,746,563.82 1,953,245.82

256,050.91 256,682.00 267,468.96

1,796,563.82 2,003,245.82 2,220,714.77
50,000.00 50,000.00 50,000.00
1,746,563.82 1,953,245.82 2,170,714.77

1,540,512.90 1,746,563.82 1,953,245.82

256,050.91 256,682.00 267,468.96

1,796,563.82 2,003,245.82 2,220,714.77
50,000.00 50,000.00 50,000.00
1,746,563.82 1,953,245.82 2,170,714.77

1,540,512.90 1,746,563.82 1,953,245.82

256,050.91 256,682.00 267,468.96

1,796,563.82 2,003,245.82 2,220,714.77
50,000.00 50,000.00 50,000.00
1,746,563.82 1,953,245.82 2,170,714.77

1,540,512.90 1,746,563.82 1,953,245.82

256,050.91 256,682.00 267,468.96

1,796,563.82 2,003,245.82 2,220,714.77
50,000.00 50,000.00 50,000.00
1,746,563.82 1,953,245.82 2,170,714.77

1,540,512.90 1,746,563.82 1,953,245.82

256,050.91 256,682.00 267,468.96

1,796,563.82 2,003,245.82 2,220,714.77
 50,000.00 50,000.00 50,000.00
1,746,563.82 1,953,245.82 2,170,714.77

1,540,512.90 1,746,563.82 1,953,245.82

256,050.91 256,682.00 267,468.96

1,796,563.82 2,003,245.82 2,220,714.77
50,000.00 50,000.00 50,000.00
1,746,563.82 1,953,245.82 2,170,714.77
 2011
Assets :
Current Assets :
Cash on Hand 7,477,297.59
Cash Deposit -
Materials Inventory 98,046.19
Finished Goods Inventory 393,869.84
Prepaid Rent 280,000.00
Total Current Assets 8,249,213.62
Non-Current Assets :
Office Equipments 81,920.25
Accumulated Depreciation - Office Equip. (16,384.05)
Warehouse Equipments 91,957.14
Accumulated Depreciation - Warehouse Equip. -18797.15
Ventilation Equipments 45,684.50
Accumulated Depreciation - Ventilation Equip. -9136.9
Delivery Equipment 1,280,000.00
Accumulated Depreciation - Delivery Equip. (128,000.00)
Total Non-Current Assets 1,327,243.79

Total Assets 9,576,457.41

Liabilities :
Current Liabilities :
SSS, PhilHealth Payable 4,588.60
Withholding Tax Payable 13,121.00
Utilities Payable 38,000.00
Tax Provision 98,889.51
Total Current Liabilities 154,599.11
Total Liabilities 154,599.11

Capital :
Capital 1,345,979.76
Capital 1,345,979.76
Capital 1,345,979.76
Capital 1,345,979.76
Capital 1,345,979.76
Capital 1,345,979.76
Capital 1,345,979.76
Total Capital 9,421,858.30
Total Liabilities And Capital 9,576,457.41
Statement of Financial Position
For The Years

2012 2013 2014 2015

5,384,687.34 7,084,319.90 8,779,505.97 10,560,572.79

4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00
102,948.50 108,095.92 113,500.72 119,175.76
331,959.81 256,367.45 176,089.94 90,763.58
40,000.00 40,000.00 40,000.00 40,000.00
9,859,595.65 11,488,783.27 13,109,096.63 14,810,512.13

81,920.25 81,920.25 81,920.25 81,920.25

-32768.1 -49152.15 -65536.2 -81920.25
91,957.14 91,957.14 91,957.14 91,957.14
-37594.296 -55715.24 -73836.19 -91957.14
45,684.50 45,684.50 45,684.50 45,684.50
-18273.8 -27410.7 -36547.6 -45684.5
1,280,000.00 1,280,000.00 1,280,000.00 1,280,000.00
(256,000.00) (384,000.00) (512,000.00) (640,000.00)
1,154,925.69 983,283.80 811,641.90 640,000.00

11,014,521.35 12,472,067.06 13,920,738.52 15,450,512.13

4,588.60 4,588.60 4,588.60 4,588.60

13,121.00 13,121.00 13,121.00 13,121.00
38,000.00 38,000.00 38,000.00 38,000.00
175,221.44 190,410.76 192,308.20 199,799.12
230,931.04 246,120.36 248,017.80 255,508.72
230,931.04 246,120.36 248,017.80 255,508.72

1,540,512.90 1,746,563.82 1,953,245.82 2,170,714.77

1,540,512.90 1,746,563.82 1,953,245.82 2,170,714.77
1,540,512.90 1,746,563.82 1,953,245.82 2,170,714.77
1,540,512.90 1,746,563.82 1,953,245.82 2,170,714.77
1,540,512.90 1,746,563.82 1,953,245.82 2,170,714.77
1,540,512.90 1,746,563.82 1,953,245.82 2,170,714.77
1,540,512.90 1,746,563.82 1,953,245.82 2,170,714.77
10,783,590.31 12,225,946.71 13,672,720.72 15,195,003.41
11,014,521.35 12,472,067.06 13,920,738.52 15,450,512.13
0.00 - - -
 Statement of Cash Flow
For The Years

2011 2012
Net Income 1,021,858.30 1,711,732.01

Operating Activities :
Depreciation - Office Equipment 16,384.05 16,384.05
Depreciation - Warehouse Equipment 18,797.15 18,797.15
Depreciation - Ventilation Equipment 9,136.90 9,136.90
Depreciation - Delivery Equipment 128,000.00 128,000.00
(Increase)Decrease in Cash Deposit - (4,000,000.00)
(Increase)Decrease in Materials Inventory (98,046.19) (4,902.31)
(Increase)Decrease in Finished Goods Inventory (393,869.84) 61,910.02
(Increase)Decrease in Prepaid Rent (280,000.00) 240,000.00
Increase(Decrease) in SSS & PhilHealth Payable 4,588.60 -
Increase(Decrease) in Withholding Tax Payable 13,121.00 -
Increase(Decrease) in Utilities Payable 38,000.00 -
Increase(Decrease) in Tax provision 98,889.51 76,331.92
Net Cash Provided by Operating Activities 576,859.48 (1,742,610.25)

Investing Activities :
Acquisition of Office Equipment 81,920.25
Acquisition of Warehouse Equipment 91,957.14
Acquisition of Ventilation Equipment 45,684.50
Acquisition of Delivery Equipment 1,280,000.00
Net Cash Provided by Investing Activities (1,499,561.89) -

Financing Activities :
Cash Contribution 8,750,000.00
Net Cash Provided by Financing Activities 8,750,000.00

Total Cash Inflow(Outflow) 7,827,297.59 (1,742,610.25)

Add : Cash, Beginning Balance 7,477,297.59
Less : Drawings (350,000.00) (350,000.00)
Cash, Ending Balance 7,477,297.59 5,384,687.34
 2013 2014 2015
1,792,356.40 1,796,774.01 1,872,282.69

16,384.05 16,384.05 16,384.05

18,120.95 18,120.95 18,120.95
9,136.90 9,136.90 9,136.90
128,000.00 128,000.00 128,000.00
- - -
(5,147.42) (5,404.80) (5,675.04)
75,592.37 80,277.51 85,326.36
- - -
- - -
- - -
- - -
15,189.32 1,897.45 7,490.91
2,049,632.56 2,045,186.07 2,131,066.82

- - -

2,049,632.56 2,045,186.07 2,131,066.82

5,384,687.34 7,084,319.90 8,779,505.97
(350,000.00) (350,000.00) (350,000.00)
7,084,319.90 8,779,505.97 10,560,572.79
 LIQUIDITY RATIO

2011 2012 2013 2014

Current Assets 8,249,213.62 9,859,595.65 11,488,783.27 13,109,096.63

Current Liabilities 154,599.11 230,931.04 246,120.36 248,017.80
Net Working Capital 8,094,614.51 9,628,664.62 11,242,662.91 12,861,078.82

Current Assets 8,249,213.62 9,859,595.65 11,488,783.27 13,109,096.63

Current Liabilities 154,599.11 230,931.04 246,120.36 248,017.80
Current Asset Ratio 53.36 42.69 46.68 52.86

Current Assets 8,249,213.62 9,859,595.65 11,488,783.27 13,109,096.63

Inventory 491,916.03 434,908.31 364,463.37 289,590.66
Prepaid Rent 280,000.00 40,000.00 40,000.00 40,000.00
Quick Assets 7,477,297.59 9,384,687.34 11,084,319.90 12,779,505.97
Current Liabilities 154,599.11 230,931.04 246,120.36 248,017.80
Quick Assets Ratio 48.37 40.64 45.04 51.53
 ASSET MANAGEMENT RATIO

2015 2011 2012

14,810,512.13 Cost of Sales 3,544,828.53 4,211,407.70

255,508.72 Average Inventory 393,869.84 362,914.83
14,555,003.41 Inventory Turnover 9.00 11.60

14,810,512.13 Number of Days in a Year 360.00 360.00

255,508.72 Inventory Turnover 9.00 11.60
57.96 Number of Days in Inventory 40.00 31.02

14,810,512.13 Sales 6,026,208.51 7,159,393.09

209,939.34 Net Fixed Assets 1,327,243.79 1,154,925.69
40,000.00 Fixed Assets Turnover 4.54 6.20
14,560,572.79
255,508.72 Sales 6,026,208.51 7,159,393.09
56.99 Total Assets 9,576,457.41 11,014,521.35
Total Assets Turnover 0.63 0.65
NAGEMENT RATIO DEBT M

2013 2014 2015

4,348,383.13 4,482,526.01 4,623,505.48 Total Liablities

294,163.63 216,228.69 133,426.76 Total Assets
14.78 20.73 34.65 Debt-Asset Ratio

360.00 360.00 360.00 Total Liabilities

14.78 20.73 34.65 Total Capital
24.35 17.37 10.39 Debt-Capital Ratio

7,392,251.32 7,620,294.21 7,859,959.32 PRO

983,283.80 811,641.90 640,000.00
7.52 9.39 12.28

7,392,251.32 7,620,294.21 7,859,959.32 Gross Profit

12,472,067.06 13,920,738.52 15,450,512.13 Sales
0.59 0.55 0.51 Gross Profit Margin

Net Income
Sales
Profit Margin/Return on Sales

Net Income
Average Total Assets
Return on Assets
 DEBT MANAGEMENT RATIO

2011 2012 2013 2014 2015

154,599.11 230,931.04 246,120.36 248,017.80 255,508.72

9,576,457.41 11,014,521.35 12,472,067.06 13,920,738.52 15,450,512.13
0.02 0.02 0.02 0.02 0.02

154,599.11 230,931.04 246,120.36 248,017.80 255,508.72

9,421,858.30 10,783,590.31 12,225,946.71 13,672,720.72 15,195,003.41
0.02 0.02 0.02 0.02 0.02

PROFITABILITY RATIO

2011 2012 2013 2014 2015

3,771,146.14 4,693,531.41 4,803,096.56 4,901,681.71 5,005,416.20

6,026,208.51 7,159,393.09 7,392,251.32 7,620,294.21 7,859,959.32
0.63 0.66 0.65 0.64 0.64

1,021,858.30 1,711,732.01 1,792,356.40 1,796,774.01 1,872,282.69

6,026,208.51 7,159,393.09 7,392,251.32 7,620,294.21 7,859,959.32
0.17 0.24 0.24 0.24 0.24

1,021,858.30 1,711,732.01 1,792,356.40 1,796,774.01 1,872,282.69

9,576,457.41 10,295,489.38 11,743,294.21 13,196,402.79 14,685,625.33
0.11 0.17 0.15 0.14 0.13