1500000 x 2/3

1500000 x1/3
j cap

r cap

net income
18% on cap

324000

216000

equal division
total share on the profit

480000
804000

480000
696000

inc and exp sum
j cap
r cap

1500000
804000
696000
j cap

r cap

net income
salary to ric

240000

remaining div equally
share on the profits

630000
630000

Inc and exp sum
j cap
r cap

630000
870000

1500000
630000
870000

j cap

r cap

profit
sal 10t/mo.
12% int on cap

120000
216000

120000
144000

remainder eq div
share in profits

450000
786000

450000
714000

inc and exp sum
j cap
r cap

1500000
786000
714000

JR ASIA WITH A LOSS OF 90000
J CAP
NET LOSS
18 % ON CAP
LOSS TO BE DIV EQ
SHARE ON THE LOSS
R CAP
J CAP
I & E Sum

R CAP
324000

216000

-315000
9000

-315000
-99000

99000
9000
90000
j cap

r cap

loss of 90000
sal to ric

240000

equal div of loss

j cap
r cap
i&e sum

-165000
-165000
165000
75000
90000
j cap

loss of 90000
sal of 10t/mo
12% int

-165000
75000

r cap
120000
216000

120000
144000

div of loss
share of the losses

-345000
-9000

j cap
r cap
i/e sum
GAINS

-345000
-81000

9000
81000
90000

JR CONSULTANCY
STATEMENT IN THE CHANGES IN PARTNERS EQUITY
DECEMBER 31, 200X
JOFFRE
BEGINNING BALANCES
1800000
ADD SHARE IN THE PROFITS
630000
TOTAL
2430000
LESS SALARY WITHDRAWALS
CAPITAL BALANCE END
2430000
JR CONSULTANCY
STATEMENT IN THE CHANGES IN PARTNERS EQUITY
DECEMBER 31, 200X

BEGINNING BALANCES
ADD SHARE IN THE PROFITS
TOTAL
LESS SALARY WITHDRAWALS
CAPITAL BALANCE END

JOFFRE
1800000
786000
2586000
2586000

LOSSES
JR CONSULTANCY
STATEMENT IN THE CHANGES IN PARTNERS EQUITY
DECEMBER 31, 200X

JOFFRE
1800000
-165000
1635000

BEGINNING BALANCES
ADD SHARE IN THE PROFITS
TOTAL
LESS SALARY WITHDRAWALS
CAPITAL BALANCE END

1635000

JR CONSULTANCY
STATEMENT IN THE CHANGES IN PARTNERS EQUITY
DECEMBER 31, 200X
JOFFRE
1800000
-9000
1791000

BEGINNING BALANCES
ADD SHARE IN THE PROFITS
TOTAL
LESS SALARY WITHDRAWALS
CAPITAL BALANCE END

1791000

MAX AND KENNETH
A) RESULT OF THE OPER. NET PROFIT AT pHp170000
MAX
RESULT PhP 170000 PROFIT
12%INT ON CAP
SALARY OF 6T/MO
REMAINDER EQUALLY DIVIDED
SHARE ON THE PROFIT
INC/EXP SUM

170000

30000
30000
72000
102000
25000
127000

MAX CAP
KENNETH CAP

127000
43000
MAX

RESULT IS 240T NET LOSS
12%INT ON CAP

30000

SALARY OF 6T/MO

72000
102000
-180000
-78000

REMAINDER EQUALLY DIVIDED
SHARE IN THE LOSSES
MAX CAPITAL
KENNETH CAP
INC/EXP SUM

78000
162000
240000
MAX

RESULT IS PhP 81600 (NIAT)
12%INT ON CAP

30000
30000
72000
132000
-19200
112800

SALARY OF 6T/MO
REMAINDER EQUALLY DIVIDED
INC/ EXP SUM
TAXES PAYABLE

38400

INC/EXP SUM
KENNETH CAP
MAX CAP

81600
1200

38400

82800
MAX

RESULT IN 6MOS PhP 74970 (NIAT)

12%INT ON CAP

15000

SALARY OF 6T/MO

36000
51000
7485
58485

REMAINDER EQUALLY DIVIDED
INC/EXP SUM
TAXES PAYABLE
MAX CAP
KENNETH CAP

110250
35280
58485
16485

total
1500000
-540000
960000
-960000
0

total
1500000
-240000
1260000
-1260000
0

total
1500000
-240000
-360000
900000
-900000
0

-90000
-540000
-630000
630000
0

total
-90000
-240000
-330000
330000
0

total
-90000
-240000
-360000

-690000
690000
0

ERS EQUITY
RIC

TOTAL
1200000 3000000
870000 1500000
2070000 4500000
-240000 -240000
1830000 4260000

ERS EQUITY

RIC

TOTAL
1200000 3000000
714000 1500000
1914000 4500000
-120000 -120000
1794000 4380000

ERS EQUITY

RIC

TOTAL
1200000 3000000
75000
-90000
1275000 2910000
-240000 -240000
1035000 2670000

ERS EQUITY

RIC

TOTAL
1200000 3000000
-81000
-90000
1119000 2910000
-120000 -120000
999000 2790000

p170000
KENNETH

TOTAL
170000
18000
-48000
18000
122000
-72000
18000
50000
25000
-50000
43000
0

KENNETH

TOTAL
-240000
18000
-48000

18000
-180000
-162000

-72000
-360000
360000
0

KENNETH

TOTAL
81600
18000
-48000
18000
33600
-72000
18000
-38400
-19200
38400
-1200
0

KENNETH

TOTAL
74970

9000

-24000

9000
7485
16485

-36000
14970
-14970
0