ALCONS DESIGN & PRINT

Brgy. Pooc Occidental, Tubigon, Bohol 6329

STATEMENT OF FINANCIAL PERFORMANCE
For the period January to December 31, 2018

JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER TOTAL MO. AVER. % SHARE
SALES 208,148.00 227,668.00 285,500.00 331,467.00 366,852.00 251,776.00 203,173.00 187,309.00 182,738.00 184,568.00 226,750.00 294,550.00 2,950,499.00 245,874.92
COST OF SERVICES 89,134.50 58,935.00 97,359.00 67,452.75 102,093.00 102,253.50 57,732.00 43,876.50 54,821.40 83,055.60 124,712.50 162,002.50 1,043,428.25 86,952.35
GROSS PROFIT 119,013.50 168,733.00 188,141.00 264,014.25 264,759.00 149,522.50 145,441.00 143,432.50 127,916.60 101,512.40 102,037.50 132,547.50 1,907,070.75 158,922.56
% of Sales 57% 74% 66% 80% 72% 59% 72% 77% 70% 55% 45% 45% 65% 65%

DEPRECIATION EXPENSE for EQUIPMENTS

Machine - - 0%
Motorcycle 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 28,171.56 2,347.63 28%
Computers 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 45,000.00 3,750.00 44%
Aircon 2,183.00 2,183.00 2,183.00 2,183.00 2,183.00 2,183.00 2,183.00 2,183.00 1,242.00 18,706.00 1,558.83 18%
Laptop & Cellphone 535.67 535.67 535.67 535.67 535.67 535.67 535.67 535.67 535.67 535.67 535.67 535.67 6,428.04 535.67 6%
Ink jet Printer 391.25 391.25 391.25 391.25 391.25 1,956.25 163.02 2%
Machine AVR 93.83 93.83 93.83 93.83 93.83 93.83 93.83 93.83 93.83 93.83 93.83 93.83 1,125.96 93.83 1%
Furniture 48.21 48.21 48.21 48.21 48.21 48.21 48.21 48.21 385.68 32.14 0%
Subtotal 9,349.59 9,349.59 9,349.59 9,349.59 9,349.59 8,958.34 8,958.34 8,958.34 7,969.13 6,727.13 6,727.13 6,727.13 101,773.49 8,481.12 100%

DEPRECIATION EXPENSE for LEASEHOLD IMPROVEMENTS

CONSTRUCTION COST 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 23,333.28 1,944.44 100%
Subtotal 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 23,333.28 1,944.44

OPERATING EXPENSES
Salaries 47,321.55 30,077.81 43,149.00 18,749.00 22,032.00 17,866.00 11,932.00 22,628.00 18,954.00 19,620.00 21,638.00 22,410.00 296,377.36 24,698.11 38%
Meals 8,212.00 15,240.00 14,772.00 9,662.00 7,334.00 4,952.00 1,491.00 2,318.00 2,452.00 1,463.00 1,582.00 1,960.00 71,438.00 5,953.17 9%
Office Supplies 6,076.00 14,242.50 5,341.00 12,987.00 11,397.85 5,863.00 6,278.75 2,851.00 3,410.00 3,360.00 4,560.00 3,620.00 79,987.10 6,665.59 10%
Interest Expense 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 45,000.00 3,750.00 6%
Space Rentals 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 36,000.00 3,000.00 5%
Airfare - - 0%
Transportation 1,200.00 250.00 2,000.00 3,480.00 257.00 560.00 2,120.00 1,420.00 2,040.00 3,210.00 2,500.00 19,037.00 1,586.42 2%
Taxes & Licenses 16,540.00 5,620.00 4,230.00 1,203.00 2,240.00 3,205.00 3,305.00 4,600.00 3,520.00 1,420.00 542.00 4,680.00 51,105.00 4,258.75 7%
Sponsorship - - 0%
Telephone & Internet Bill 2,618.00 2,599.00 2,504.00 2,687.00 2,614.00 2,604.00 2,880.97 2,750.00 2,614.00 2,604.00 2,880.97 2,750.00 32,105.94 2,675.50 4%
Electricity 4,299.00 5,350.00 4,183.00 4,941.00 5,310.00 6,240.00 5,250.00 4,500.00 3,620.00 2,530.00 3,110.00 2,740.00 52,073.00 4,339.42 7%
Contracted Services 700.00 2,400.00 2,750.00 1,350.00 250.00 3,690.00 4,250.00 750.00 650.00 16,790.00 1,399.17 2%
Freight & Handling 213.00 150.00 1,969.00 227.00 1,965.00 219.00 938.00 102.00 246.00 305.00 230.00 265.00 6,829.00 569.08 1%
Repairs & Maintenance 1,713.00 3,478.00 1,330.00 1,440.00 1,617.00 1,080.00 1,463.00 2,463.00 1,040.00 1,850.00 2,103.00 19,577.00 1,631.42 3%
Gasoline 3,609.00 2,980.00 2,550.00 3,278.00 2,414.00 1,950.00 3,338.00 3,400.00 3,310.00 2,740.00 2,635.00 3,740.00 35,944.00 2,995.33 5%
Load 440.00 900.00 870.00 1,460.00 1,050.00 200.00 200.00 400.00 1,500.00 1,100.00 1,350.00 1,240.00 10,710.00 892.50 1%
Hotel Accomodation - - 0%
Miscellaneous - - 0%
Water Bill 165.00 148.00 150.00 180.00 195.00 210.00 148.00 175.00 195.00 130.00 140.00 154.00 1,990.00 165.83 0%
Notary - - 0%
Subtotal 98,656.55 91,135.31 90,798.00 66,914.00 68,648.85 54,006.00 44,151.72 54,057.00 54,704.00 45,852.00 50,477.97 55,562.00 774,963.40 64,580.28 100%

TOTAL EXPENSES 109,950.58 102,429.34 102,092.03 78,208.03 79,942.88 64,908.78 55,054.50 64,959.78 64,617.57 54,523.57 59,149.54 64,233.57 900,070.17 75,005.85

NET INCOME (LOSS) 9,062.92 66,303.66 86,048.97 185,806.22 184,816.12 84,613.72 90,386.50 78,472.72 63,299.03 46,988.83 42,887.96 68,313.93 1,007,000.58 83,916.72
% of Sales 0% 29% 30% 56% 50% 34% 44% 42% 35% 25% 19% 23% 34% 34%
ALCONS DESIGN & PRINT
Brgy. Pooc Occidental, Tubigon, Bohol 6329
CASH FLOW STATEMENT
For the period January to December 31, 2018

CASH FLOW STATEMENT JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER
Beginning Balance 2,974,650.52 2,909,691.21 2,933,912.64 2,986,139.39 3,083,363.38 3,206,757.27 3,242,148.77 3,325,707.71 3,373,334.87 3,447,328.34 3,500,011.61 3,551,094.01
CASH INFLOW
CAPITAL 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
SHARE OF HD MUGA 25,000.00 15,000.00 20,000.00 11,000.00 25,000.00 4,600.00 15,000.00 10,000.00 25,000.00 20,000.00 22,500.00 23,520.00
SALES 208,148.00 227,668.00 285,500.00 331,467.00 366,852.00 251,776.00 203,173.00 187,309.00 182,738.00 184,568.00 226,750.00 294,550.00
less: Accounts Receivable 45,200.00 3,260.00 45,760.00 32,600.00 7,522.00 26,540.00
TOTAL CASH INFLOW 3,212,598.52 3,199,099.21 3,289,412.64 3,332,846.39 3,492,615.38 3,513,133.27 3,502,799.77 3,546,476.71 3,631,072.87 3,701,896.34 3,799,261.61 3,919,164.01

CASH OUTFLOW
Cost of Services 89,134.50 58,935.00 97,359.00 67,452.75 102,093.00 102,253.50 57,732.00 43,876.50 54,821.40 83,055.60 124,712.50 162,002.50
Construction Cost
Mo. Installment from Short-term Loans P 105,766.67 105,766.67 105,766.67 105,766.67 105,766.67 105,766.67 66,250.00 66,250.00 66,250.00 66,250.00 66,250.00 66,250.00
Properties & Equipments
Machine
Motorcycle 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63
Computers 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00
Aircon 2,183.00 2,183.00 2,183.00 2,183.00 2,183.00 2,183.00 2,183.00 2,183.00 1,242.00
Laptop & Cellphone 535.67 535.67 535.67 535.67 535.67 535.67 535.67 535.67 535.67 535.67 535.67 535.67
Ink jet Printer 391.25 391.25 391.25 391.25 391.25
Machine AVR 93.83 93.83 93.83 93.83 93.83 93.83 93.83 93.83 93.83 93.83 93.83 93.83
Furniture 48.21 48.21 48.21 48.21 48.21 48.21 48.21 48.21
Operating Expenses
Salaries 47,321.55 30,077.81 43,149.00 18,749.00 22,032.00 17,866.00 11,932.00 22,628.00 18,954.00 19,620.00 21,638.00 22,410.00
Meals 8,212.00 15,240.00 14,772.00 9,662.00 7,334.00 4,952.00 1,491.00 2,318.00 2,452.00 1,463.00 1,582.00 1,960.00
Office Supplies 6,076.00 14,242.50 5,341.00 12,987.00 11,397.85 5,863.00 6,278.75 2,851.00 3,410.00 3,360.00 4,560.00 3,620.00
Interest Expense 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00 3,750.00
Space Rentals 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00
Airfare
Transportation 1,200.00 250.00 2,000.00 3,480.00 257.00 560.00 2,120.00 1,420.00 2,040.00 3,210.00 2,500.00
Taxes & Licenses 16,540.00 5,620.00 4,230.00 1,203.00 2,240.00 3,205.00 3,305.00 4,600.00 3,520.00 1,420.00 542.00 4,680.00
Sponsorship
Telephone & Internet Bill 2,618.00 2,599.00 2,504.00 2,687.00 2,614.00 2,604.00 2,880.97 2,750.00 2,614.00 2,604.00 2,880.97 2,750.00
Electricity 4,299.00 5,350.00 4,183.00 4,941.00 5,310.00 6,240.00 5,250.00 4,500.00 3,620.00 2,530.00 3,110.00 2,740.00
Contracted Services 700.00 2,400.00 2,750.00 1,350.00 250.00 3,690.00 4,250.00 750.00 650.00
Freight & Handling 213.00 150.00 1,969.00 227.00 1,965.00 219.00 938.00 102.00 246.00 305.00 230.00 265.00
Repairs & Maintenance 1,713.00 3,478.00 1,330.00 1,440.00 1,617.00 1,080.00 1,463.00 2,463.00 1,040.00 1,850.00 2,103.00
Gasoline 3,609.00 2,980.00 2,550.00 3,278.00 2,414.00 1,950.00 3,338.00 3,400.00 3,310.00 2,740.00 2,635.00 3,740.00
Load 440.00 900.00 870.00 1,460.00 1,050.00 200.00 200.00 400.00 1,500.00 1,100.00 1,350.00 1,240.00
Hotel Accomodation
Miscellaneous
Water Bill 165.00 148.00 150.00 180.00 195.00 210.00 148.00 175.00 195.00 130.00 140.00 154.00
Notary
TOTAL CASH OUTFLOW 302,907.31 265,186.57 303,273.26 249,483.01 285,858.11 270,984.51 177,092.06 173,141.84 183,744.53 201,884.73 248,167.60 290,541.63
CASH BALANCE, END. 2,909,691.21 2,933,912.64 2,986,139.39 3,083,363.38 3,206,757.27 3,242,148.77 3,325,707.71 3,373,334.87 3,447,328.34 3,500,011.61 3,551,094.01 3,628,622.38
ALCONS DESIGN & PRINT
Brgy. Pooc Occidental, Tubigon, Bohol 6329
STATEMENT OF FINANCIAL POSITION
For the period January to December 31, 2018

ASSETS LIABILITIES

Current Assets Notes Amount Notes Amount

Cash on hand & in bank 3,373,334.87 Accounts Payable 3 65,000.00
Accounts Receivable 1 26,540.00 Loans Payable 4 200,000.00
Inventories 345,552.09
Subtotal 3,745,426.96 TOTAL LIABILITIES 265,000.00

Non-current Assets
Machine, net 2 - OWNER'S EQUITY
Motorcycle, net 2 63,386.21 Owner's Equity 2,852,290.45
Computers, net 2 37,500.00 Withdrawals (250,000.00)
Construction Cost, net 2 9,722.36 Net Income (Loss) 1,007,000.58
Aircon, net 2 -
Laptop & Cellphone, net 2 15,534.23 TOTAL EQUITY 3,609,291.03
Ink jet Printer, net 2 -
Machine AVR, net 2 2,721.27
Furniture, net 2 -
Subtotal 128,864.07
TOTAL ASSETS 3,874,291.03 TOTAL LIABILITES & EQUITY 3,874,291.03
0.00
ALCONS DESIGN & PRINT
Brgy. Pooc Occidental, Tubigon, Bohol 6329
NOTES TO FINANCIAL STATEMENT
For the period January to December 31, 2018

NOTES NOTES
1 ACCOUNTS RECEIVABLE 3 ACCOUNTS PAYABLE

LGU TUBIGON 26,540.00 Mr. Bobby Lopez 21,666.67

Okibank 20,666.67
Total Accounts Receivable 26,540.00 RFC 22,666.67
65,000.00

2 PROPERTY, PLANT & EQUIPMENTS 4 LOAN PAYABLE

Machine 400,000.00
less: Accum. Depreciation 400,000.00 - Rico Rosco 200,000.00
Motorcycle 140,858.00
less: Accum. Depreciation 77,471.79 63,386.21
Construction Cost 70,000.00
less: Accum. Depreciation 60,277.64 9,722.36
Computers 90,000.00
less: Accum. Depreciation 52,500.00 37,500.00
Aircon 58,000.00
less: Accum. Depreciation 58,000.00 -
Laptop & Cellphone 32,140.00
less: Accum. Depreciation 16,605.77 15,534.23
Ink jet Printer 9,390.00
less: Accum. Depreciation 9,390.00 -
Machine AVR 5,630.00
less: Accum. Depreciation 2,908.73 2,721.27
Furniture 1,157.00
less: Accum. Depreciation 1,157.00 -
Total Prop., Plant & Equipment 128,864.07
ALCONS DESIGN & PRINT
Brgy. Pooc Occidental, Tubigon, Bohol 6329
NOTES TO FINANCIAL STATEMENT
For the period January to December 31, 2018

REMARKS
1) COST OF SERVICES are purchases of Direct Cost of Materials such as Rolls of Tarpaulin, Inks, Printing fee for Silkscreen & others
2) For Depreciation: (Straight Line Depreciation)
EQUIPMENT VALUE Useful Life
Machine 400,000.00 Depreciated according to amount of monthly installment
Motorcycle 140,858.00 Depreciated according to amount of monthly installment
Aircon 58,000.00 Depreciated according to amount of monthly installment
Computers 90,000.00 2 yrs
Laptop & Cellphone 32,140.00 5 yrs
Ink jet Printer 9,390.00 2 yrs
Machine AVR 5,630.00 5 yrs
Furniture 1,157.00 2 yrs

LEASEHOLD IMP. VALUE Useful Life

Construction Cost 70,000.00 3 yrs

3) SALARIES comprised 47% from the TOTAL Operating Cost.

Increase in salaries was during the months of March-May, Election period where in we added part-time employees due to the continuous operation.

4) MEALS AND OFFICE SUPPLIES gained a significant share in the expenses.

5) Percentage share of HD Muga Accounting & Tax Services in the expenses:

Account Name Percentage Share
OFFICE SUPPLIES 30%
TRANSPORTATION 50% (April-June); 30% (July-Aug)
SPANCE RENTAL 50%
TELEPHONE & INTERNET 40%
ELECTRICITY 30%
Meal & Interest Expense 25%
ALCONS DESIGN & PRINT
Brgy. Pooc Occidental, Tubigon, Bohol 6329
NOTES TO FINANCIAL STATEMENT
For the period January to December 31, 2018

6) Interest expenses came from the interests of borrowed money from the following persons:
Total
Name of Lender Principal Loan Interest Amount
Payable
Mr. Bobby Lopez 50,000.00 15,000.00 65,000.00
Okibank 50,000.00 12,000.00 62,000.00
RFC 50,000.00 18,000.00 68,000.00
TOTAL 150,000.00 45,000.00 195,000.00