PROJECTED BALANCE SHEETS

Smart Builders Marketing

Historical Projected
as December 2016 as December 2017
ASSETS
Current Assets
Cash in bank 250,000.00 200,000.00
Accounts recive 150,000.00 120,000.00
Inventory 15,000.00 20,000.00
Prepaid expenses 25,000.00 30,000.00
Other current assets 50,000.00 40,000.00
Total Current Assets PHP 490,000.00 PHP 410,000.00

Fixed Assets
Machinary and equipment 200,000.00 250,000.00
Furniture and fixtures 30,000.00 28,000.00
Leasehold improvements 20,000.00 20,000.00
Land and buildings 100,000.00 110,000.00
Other fixes assets 20,000.00 25,000.00
(LESS accumulated deprciation) (90,000.00) (80,000.00)
Total Fixes Assets (net of depreciation) PHP 280,000.00 PHP 353,000.00

Other Assets
Intangibles 150,000.00 170,000.00
Depost 110,000.00 100,000.00
Goodwill 25,000.00 20,000.00
Other 15,000.00 10,000.00
Total Other Assets PHP 300,000.00 PHP 300,000.00

Total Assets PHP 1,070,000.00 PHP 1,063,000.00

LIABLITIES AND EQUITY

Current Liablities
Accounts payable 110,000.00 105,000.00
Interest payable 10,000.00 8,000.00
Taxes payable 15,000.00 15,000.00
Notes, short-terms (due within 12 mos.) 2,000.00 2,000.00
Current part, long-term debt 15,000.00 13,000.00
Other current liablities 3,000.00 2,000.00
Total Current liabilities PHP 155,000.00 PHP 145,000.00

Long-term Debt
Banks loans payable 20,000.00 20,000.00
Noted payable to stockholders 1,000.00 1,500.00
LESS: Short-term portion (15,000.00) (13,000.00)
Other long-term debt 2,000.00 2,000.00
Total Long -term Debt PHP 8,000.00 PHP 10,500.00

Total Liabilities PHP 163,000.00 PHP 155,500.00

Owners' Equity
Invested capital 250,000.00 200,000.00
Retained earnings-beginning 40,000.00 45,000.00
Retained earnings-curret 55,000.00 60,000.00
Total Owners' Equity PHP 345,000.00 PHP 305,000.00

Total Liabilties and Equity PHP 508,000.00 PHP 460,500.00