FINANCIAL

ASPECT

STATEMENTS OF FINANCIAL POSITION

Jaguar Power Fitness Gym

PROJECTED STATEMENTS OF FINANCIAL POSITION
As of December 31, 2015 - 2017
Initial
Balances

2015

2016

2017

2,640
,135
320
,040
241
,307

4,043
,500
327
,401
252
,334

5,443
,843
335
,259
263
,913

ASSE
T
Current Assets
Cash

2,120
,000

Accounts receivable

Prepaid items

Other current assets

Total Current Assets

2,120
,000

3,201
,482

4,623
,235

6,043
,015

518
,800
103
,760
415
,040

518
,800
207
,520
311,
280

518
,800
311
,280
207
,520

Noncurrent Assets
Property and equipment
Accumulated
depreciation
Net

Investments

Other noncurrent assets

TOTAL ASSETS

2,120
,000

3,616
,522

4,934
,515

6,250
,535

63
,229
120
,653

66
,390
126
,167

69
,710
131
,957

LIABILITIES AND CAPITAL

Current Liabilities
Accounts payable

Accrued expenses
Current portion of long
term debt

Other current liabilities

Total Current
Liabilities

183
,882

192
,558

201
,667

2,120
,000

2,120
,000
1,312
,639
3,432
,639

3,432
,639
1,309
,318
4,741
,957

4,741
,957
1,306
,911
6,048
,869

2,120
,000

3,616
,522

4,934
,515

6,250
,535

Owner's Equity
Capital, beginning
Net income for the year
Capital, end
TOTAL LIABILITIES AND
CAPITAL

2,120
,000
-

Note 1 SALARIES AND WAGES

3

General Manager
Supervisor
Front Desk / Cashier
TOTAL:
Mont
hly

Annu
al
SSS
Empl
oyer
share

PHIL
HEAL
TH

Ann
ual
Emp
loyer
shar
e

Pag Empl
ibig oyer

13th
mont
h pay

TOTA
L

1,090.
00

13,08
0.00

362.50

4,350
.00

100.
00

1,20
0.00

22,00
0.00

304,63
0.00

204,00
0.00

1,054.
00

12,64
8.00

212.50

2,550
.00

100.
00

1,20
0.00

17,00
0.00

237,39
8.00

1.00

144,00
0.00

1,034.
00

12,40
8.00

175.00

2,100
.00

100.
00

1,20
0.00

12,00
0.00

171,70
8.00

3.00

612,00
0.00

3,178.
00

38,13
6.00

750.00

9,000
.00

300.
00

3,60
0.00

51,00
0.00

713,73
6.00

Mont
hly
salar
y

No.
Of
empl
oyee
s

Annu
al
salary

22,00
0.00

1.00

264,00
0.00

17,00
0.00

1.00

12,00
0.00
51,00
0.00

SSS

Note 2

GYM SUPPLIES
Soap (box)
Cleaning materials
Towel

Note 3

Utilities expense

Note 4

Mont
hly

Mo
nthl
y

cost
150.00
200.00
100.00

Ann
ual

unit
36.00
20.00
100.00

total
5,400.00
4,000.00
10,000.00
19,400.00

Electrical Consumption
Water Consumption
Telephone and Fax
Monthly cost
Number of months in a year
Annual Utilities expense

16,221.60
1,946.59
999.00
19,167.19
12.00
230,006.28

Taxes and licenses

Annual registration fee (BIR)
Barangay Clearance

500.00
500.00

BIR Registration
Notary
Book of Accounts
PHIC Registration
SEC Registration
Business Permit

Note 5

Marketing Expenses
Distribution of flyers

Note 6

RENTALS
Rent

3,615.00
500.00
400.00
2,400.00
4,832.40
5,883.05
18,630.45

cost
1,000.00

unit
1.00

total
1,000.00
1,000.00

10,000.00
12.00
120,000.00