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Financial Aspect

FINANCIAL STUDY
MAJOR ASSUMPTIONS

Production Capacity Increases 5%

Projected Project Cost (for the first 3 months)

Administrative Salaries composes Department Heads increases 1%
annually

Direct Labor composes the workers , 1% increase annually in salaries and
wages

Indirect Labor composes the workers, 1% increase annually in Salaries
and Wages

Utilities comprise the Electricity, Water, and Diesel Expense increases
annually by 1%

Telephone Expense includes installation for the first year while the
monthly fee is fixed

Internet line is PLDT/my DSL, the monthly fee is fixed

Production Supplies increases by 1% annually

Office Supplies increases 1% annually

Insurance expense is 5% of the production tools and equipment. One year
is the expiration

Rent expense is fixed for the first 5 years

The annual Net Income is deducted by Php 1,000,000 and will be
deposited at the end of the year

The part of the Net Income will be Time Deposited

99

Financial Aspect

The interest is added to the cash on bank

The Accounting Method for depreciation is Straight Line

The safety stock is 5%

The safety stock of the previous year will be added to the next year Sales

30% Income Tax

10% of the purchases of Direct Materials are Accounts Payable

Financial, Table 1: Projected Project Cost

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Projected Project Cost
Total Cost (Php)
Pre-Operating Expenses
Business Tax and License
Advertising Expense
Rent Expense

24,460.00
15,795.00
120,000.00

Fixed Assets Investments
Tools, Machinery and Equipment
Furniture and Fixture
Transport Equipment
Building Improvements

977,400.00
270,165.00
100,000.00
250,000.00

Working Capital
Raw Materials
Indirect Materials
Direct Labor
Indirect Labor
Production Supplies
Office Supplies
Utilities
Telephone
Internet
TOTAL PROJECT COST

723,090.84
2,192.26
328,320.00
181,620.00
7,413.75
806.75
114,664.30
13,400.00
5,197.00
3,134,524.89

*Project Cost for 3 months.
* value Rounded- Off to Php 3,200,000

100

Financial Aspect
Financial, Table 2: Capital Requirement

Capital Requirement
Initial Capital Requirement
Partners
Hilario, Dhia Carole A.
Manalo, Arvie M.
Sanchez, Trizzadel E.
Total

Cash Distribution
1,100,000.00
1,100,000.00
1,100,000.00
3,300,000.00

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599 4.851 0.125 500 150 50 4 4 160 2000 600 8000 288 288 288 - straws produced Per day (Pcs.715.850.930.517 3.093 0.570 4.552.) Cost per unt (Php) 21600 0.118 0.524.370 0.494 0.11 2015 7. Table 3: Daily Projection of Raw Materials/ Direct material Daily Projection of raw materials Raw Materials Carabao Grass Bleach Starch Beeswax MATERIAL PRICE per kg (Php) comsumption per batch (kg) Cost per batch (Php) No.213.5 20 10 4 40 20 15 400 25 10 0.002 21600 21600 21600 0.153.493 total (Php) *Units produced= 90% of production capacity (*see technical aspect) Financial.334 0.49 2016 7.028 0.192.32 *Note: Total Cost of raw material= Production Capacity x Cost per unit Production Capacity Increase: 5 % Cost per unit increase: 5% 102 . Table 4: Yearly Projection of Cost of Raw Materials Annual Projection of Cost of Raw Materials Cost per Unit (Php) Total Cost of Direct Materials (Php) Year Production Capacity (Pcs.) 2013 6.306.Financial Aspect SUMMARY OF COSTS PROJECTION OF DIRECT MATERIALS Financial.737.) 0.317.543 3.543. of batches per day Cost of raw materials per day (Php) paper sheets produced per day (Pcs.03 2017 7.145.906.06 2014 6.748.128 0.493 3.

24 1.859. Table 6 Financial.48 1.658.759.86 2016 8.992.596.675.00 8.06 1.48 2015 7.58 30.811.66 1.03 2014 7.553.520.81 Note: 5% Annual Increase Financial.207.951. Table 7 Projected Production Supplies Year Projected Production Supplies 2013 2014 2015 2016 2017 29.391.80 9.251.249.00 29.25 2017 8.Financial Aspect Financial.07 30.655.847.151.03 1.59 10.611.55 30.11 Note: 1% increase annually *See Technical Aspect for complete list 103 .769.667.00 9.57 10. Table 5: Projection of Indirect Materials Projection of Indirect Materials Year Box (Php) Packaging Tape Total Indirect cost 2013 7.

78 3.Office Supplies Financial Aspect Year Projected Office Supplies 2013 2014 2015 2016 2017 3.00 3.291.03 Note: 1% increase annually *See Technical Aspect for complete list 104 .259.324.27 3.86 3.227.358.

402.00 168.02 Marketing/Sales Head Human Reasource Head Finance Head TOTAL General Manager Marketing/Sales Head Human Reasource Head Finance Head TOTAL 1 1 1 4 1 1 1 1 4 14.000.424.00 20.568.21 63.00 Human Reasource Head Finance Head TOTAL General Manager Marketing/Sales Head Human Reasource Head Finance Head TOTAL General Manager 1 1 14.08 14.821.000.80 171.424.00 14.620.424.00 20.00 242.02 20.40 14.46 14.246.80 171.46 14.680.00 14.00 62.281.40 14.40 14.40 63.954.200.00 14.543.140.424.00 14.000.20 14.000.00 14.24 20.000.402.21 14.281.21 63.00 62.57 766.424.00 14.08 14.568.812.00 14.00 20.40 63.878.00 14.517. Table 8 Projected Administrative Salaries Year 2013 2014 2015 2016 2017 Position No.424.568.00 20.00 14.606.246.46 14.21 14.606.80 758.57 173.568.400.376.424.21 14.Financial Aspect Projections of Annual Administrative Salary and Employer Share Financial.66 20.568.47 174.568.00 14.246.46 64.00 20.00 14.96 174.281.40 63.620.21 14.000.00 14.46 14.140.46 14.200.517.568.46 64.45 173.878.47 774.812.21 63.00 20.20 20.00 14.200.424.00 20.00 62.00 168.21 14.02 20.620.000.40 14.281.281.568.00 62.821.568.00 14.606.46 14.45 4 1 1 1 1 4 1 *note: 1% annual rate increase in salary Financial.140.517.140.140.00 14.94 249.40 14.000.281.272.140.45 14.00 744.424.402.00 20.402.40 14.00 14.000.00 240.281.878.140.21 63.00 62.45 14.38 14.00 20.140.606.000.424.140.46 64.00 14.568.140.680.000.821.08 14.000.46 64.824.000.00 751. of Employees Monthly Salary Total Monthly Salary Annual Salary 13th month Pay Total 13th Month Pay General Manager Marketing/Sales Head Human Reasource Head Finance Head TOTAL General Manager Marketing/Sales Head 1 1 1 1 4 1 1 20.246.424.568.66 20.00 171.517.000.000.66 20.000.424.02 247.000.281.20 169.140.40 14.568.000.46 14.40 14.00 62.812.744.878.140.00 20.200.00 20.090.00 14.209.00 168.281.21 14.000.46 14.000.40 63.281.57 173.812.000.40 14.620.08 14.680.00 62.00 14.66 20.20 14.00 14.281.376. Table 9: Employers Contribution 105 .000.00 244.00 14.00 14.00 169.000.00 14.00 14.000.00 169.47 174.21 14.21 14.440.376.281.00 62.000.090.090.

50 187.00 175.50 187.00 175.04 285.46 14.92 412.00 400.252.00 62.060.46 14.00 175.568.00 280.134.00 14.00 175.200.00 187.277.00 14.90 1.50 187.00 1.63 285.000.80 1.30 989.12 288.424.878.00 250.50 262.060.00 14.281.35 250.00 1.48 1.50 187.240. of Employees Monthly Salary General Manager Marketing/Sales Head Human Reasource Head Finance Head TOTAL General Manager Marketing/Sales Head Human Reasource Head Finance Head TOTAL General Manager Marketing/Sales Head Human Reasource Head Finance Head TOTAL General Manager Marketing/Sales Head Human Reasource Head Finance Head TOTAL General Manager Marketing/Sales Head Human Reasource Head Finance Head TOTAL 1 1 1 1 4 1 1 1 1 4 1 1 1 1 4 1 1 1 1 4 1 1 1 1 4 20.00 989.46 64.24 291.00 280.060.00 14.00 1.80 282.63 1.00 282.70 4.000.50 825.10 1.00 787. Table 10 (From the official website of SSS.281.402. Pag-ibig and Philhealth) Projected Direct Labor Salaries 106 .060.00 404.45 SSS Pag-ibig Philhealth 1.000.246.00 175.568.50 187.240.568.40 63.140.00 20.57 416.00 1.00 14.517.00 1.281.70 1.290.424.40 14.264.00 775.08 14.000.060.00 775.000.00 275.00 262.00 175.00 14.00 4.02 14.060.060.50 837.00 62.00 1.060.424.48 288.37 291.606.140.20 20.00 280.21 14.70 1.30 989.060.00 4.00 1.240.80 282.024.00 175.37 1.48 288.50 175.00 1.027.00 1.00 20.060.00 14.060.66 20.00 175.Financial Aspect Projected Employer Share Contributions (Administrative) Year 2013 2014 2015 2016 2017 Position No.00 4.00 1.40 14.21 14.620.812.140.37 291.060.50 Projections of Annual Direct Labor Salary and Employer Share *See appendices for the rates of contribution Financial.00 1.63 285.00 1.024.240.060.060.00 1.30 4.40 408.024.21 63.

28 1.641.69 1.32 136.607.80 135.00 671.Financial Aspect No.623.967.57 136.328.660.272.50 112.44 2017 12.00 11.591.32 132.688.958.50 112.50 125.00 1.610.00 1.00 131.328.30 706.44 1.936.591.18 246.307.958. of Employees 12 Monthly Salary 10.44 135.575.925.317.21 239.36 11.00 131. Pag-ibig and Philhealth) 107 .00 *See appendices for the rates of contribution (From the official website of SSS.57 SSS 636.944.607.660.37 1. Table 11 Projected Employer Share Contribution (Direct Labor) Year 2013 2014 2015 2016 2017 Position Operators No.35 Philhealth 112.612.623.967.44 1.00 2014 11.30 671.695.32 Year 2015 Operators 12 Total 13th Month Pay *note: 1% annual rate increase in salary Financial.688.612.45 232.610.272.69 1.36 132.80 12.31 133.37 1.575.641.639.50 112.639.32 11.00 Pag-ibig 218. of Position Employee s Monthly Salary Total Monthly Salary Annual Salary 13th month Pay 2013 10.49 11.925.944.49 133.70 742.31 2016 11.936.28 1.317.695.307.88 225.

23 159.90 98.200.00 7.98 17.505.83 210.242.675.687.85 18.28 15.00 15.660.50 13.908.40 12.080.675.40 12.210.319.851.00 8.110.030.480.83 17.00 8.00 61.660.75 7.80 155.851.00 8.210.00 15.110.00 8.00 15.254.07 218.75 7.187.928.73 15.80 61.57 7.40 17.00 8.756.00 182.00 8.110. of Employe es Monthly Salary Total Monthly Salary Annual Salary 13th month Pay Total 13th Month Pay Production Manager Janitor Security guard (Day) Security guard (Night) Driver TOTAL Production Manager Janitor Security guard (Day) Security guard (Night) Driver TOTAL Production Manager Janitor Security guard (Day) Security guard (Night) Driver TOTAL Production Manager Janitor Security guard (Day) Security guard (Night) Driver TOTAL Production Manager Janitor Security guard (Day) Security guard (Night) Driver 1 1 1 1 1 4 1 1 1 1 1 4 1 1 1 1 1 4 1 1 1 1 1 4 1 1 1 1 1 17.319.319.324.41 62.200.58 8.80 61.374.27 7.817.744.851.28 15.27 7.080.52 8.187.806.400.200.160.00 7.00 15.181.50 13.00 84.52 8.00 60.80 61.493.73 15.00 733.500.756.00 7.18 8.50 13.363.200.187.030.057.41 62.000.85 15.00 15.928.85 13.817.057.85 15.40 12.540.75 7.352.58 8.800.32 13.85 15.374.242.00 726.24 97.080.27 7.85 13.85 13.480.057.00 60.817.00 61.00 15.40 12.28 15.32 13.897.160.85 18.00 212.00 17.325.58 8.84 87.00 96.660.17 99.00 60.000.83 *note: 1% annual rate increase in salary 12.00 17.145.929.23 187.00 7.00 12.500.41 62.600.660.910.960.374.253.73 15.00 153.242.73 15.00 7.00 7.145.58 8.319.52 8.675.324.18 8.526.42 18.42 18.540.Financial Aspect Projections of Annual Indirect Labor Salary and Employer Share Financial.324.32 13.00 12.80 214.325.00 17.253.000.800.40 17.28 15.00 12.83 158.00 7.100.42 18.60 741.080.181.374.160.505.178.324.00 17.00 17.85 18.040.00 7.352.242.00 96.675.145.21 87.160.90 748.000.540. Table 12 Projected Indirect Salaries Year 2013 2014 2015 2016 2017 Position No.500.082.039.85 13.40 17.505.030.78 189.57 7.57 7.040.00 8.000.352.928.75 7.136.224.325.85 18.221.05 156.00 61.80 61.32 13.41 62.800.057.505.325.926.00 86.27 7.181.540.110.500.928.145.040.00 60.00 8.352.25 216.800.040.210.756.42 18.253.00 184.40 17.210.18 8.066.85 15.324.253.83 108 .181.50 13.00 15.817.36 186.00 61.18 8.00 15.52 8.851.57 7.756.187.836.00 85.030.000.

17 109 .Financial Aspect TOTAL 4 62.17 62.00 62.998.998.17 755.17 62.998.978.998.

Financial Aspect 110 .

000.60 515.060.57 7.30 1.060.756.00 510.30 1.30 1.45 364.00 350.040.30 1.85 13.27 7.80 61.73 15.50 agency agency agency 100.145.187.50 212. Table 13 Projected Employer Share Contribution (Indirect Labor) Year 2013 2014 2015 2016 2017 Position Production Manager Janitor Security guard (Day) Security guard (Night) Driver TOTAL Production Manager Janitor Security guard (Day) Security guard (Night) Driver TOTAL Production Manager Janitor Security guard (Day) Security guard (Night) Driver TOTAL Production Manager Janitor Security guard (Day) Security guard (Night) Driver TOTAL Production Manager Janitor Security guard (Day) Security guard (Night) Driver TOTAL No.324.Financial Aspect Financial.52 8.00 7.325.21 agency agency agency 166.374.660.61 agency agency agency 164.00 agency agency agency 160.540.060.181.00 17.00 15.060.998.50 225.817.352.85 18.625.00 61.41 62.505.060.928.851. of Employe es Monthly Salary 1 1 1 1 1 4 1 1 1 1 1 4 1 1 1 1 1 4 1 1 1 1 1 4 1 1 1 1 1 4 17.110.85 525.00 agency agency agency 565.85 15.00 8.17 SSS Pag-ibig 1.30 1.030.30 1.00 agency agency agency 100.30 1.70 Philhealt h 212.500.58 8.00 agency agency agency 565.319.50 530.057.00 60.50 agency agency agency 161.00 312.70 1.50 212.00 agency agency agency 565.00 312.42 18.50 13.18 8.50 agency agency agency 100.660.00 7.00 325.28 15.00 12.00 325.00 111 .30 1.00 agency agency agency 100.71 agency agency agency 565.00 353.40 17.200.00 225.00 8.50 agency agency agency 100.83 62.22 520.242.800.00 agency agency agency 600.32 13.40 12.04 agency agency agency 163.253.210.625.080.625.00 15.625.10 357.160.75 7.675.25 360.00 312.

Financial Aspect 112 .

55 7. Table 15 Projected Marketing Expense DESCRIPTION PRINT ADS (MANILA BULLETIN) TARPAULIN TOTAL 2013 2014 2015 2016 2017 55.16 185.449.51 49.094.055.52 7. Table 17: Projection of Telephone and Internet Expense 113 .454.00/ft TOTAL COST 55.799.960.00 48. Table 16: Annual Utilities Expense Utilities 2013 Electricity Bill Water Bill Diesel 226.00 191.84 65.00 7.45 474.756.811.753.80 469.680.92 57.964.18 183.834.71 65.80 187.500.570. ) DESCRIPTION PRINT ADS (MANILA BULLETIN) Website (facebook like page) TARPAULIN TOTAL 10 SUNDAYS 12 SIZE MINIMUM SIZE 32FT.Financial Aspect PROJECTED MARKETING EXPENSE Financial.991.80 63.964.00 465. See Technical aspect) Financial.181.912.00 php20.534.00 56.657.99 479. DURATION UNIT COST 1YEAR php5550.19 2016 233.697.257.680.80 56.00 63.180.429.297.657. Table 14 Marketing Expense QUANTITY(PC.902.00 7.00 Financial.60 48.50 *note: 1% annual increase in expense (Computations of the Utilities.000.34 189.615.500.891.00 Total 458.480.76 2015 231.96 2017 235.18 2014 228.60 48.948.566.36 *1% increase in marketing expense annually Projection of Utilities Expense Financial.42 57.180.253.745.71 7.00 7.17 49.37 64.00 63.

Financial Aspect Total Annual Telephone/Internet Cost Installation Monthly Yearly Telephone Bill 3.188.300.00 Total 43.00 *note: Telephone = P3.500.300. 300 per month.00 1100 x 3 units Yearly Cost 39.10 0.600.00 Total 14.00 3.00 Internet Bill 2.00 Internet: Monthly Cost Yearly Cost 999.200.500.00 999. PLDT Internet= P999 per month.00 114 .00 43.00 11.988.18 8. PLDT my DSL Telephone/Internet Cost Telephone: Installation Monthly Cost 3.100.200.00 999 x 12months installation 2.00 3.00 14.

200.00 300.500.460.000.00 7.00 3.00 45.00 115 .000.00 400.00 3.00 800.00 TOTAL LICENSES RENEWABLE: Community Tax Certificate Barangay Clearance Mayor's Permit Sanitary Fee Garbage Fee Special Books of Accounts BIR Registration Fee TOTAL RENEWABLE 24.00 3.00 1.000.00 500. Table 18: PROJECTION OF PERMITS/LICENSES EXPENSE PERMITS AND LICENSE EXPENSE SEC 3.00 300.840.000.00 400.00 500.Financial Aspect Financial.0 0 500.00 500.095.00 1.00 680.00 500.00 BIR Registration Fee BIR Registration of Book DTI Community Tax Certificate Barangay Clearance Mayor's Permit Fee Building and plumbing inspection fee Electrical and Menchanical inspection fee Sanitary Fee Fire Safety certificate Environmental fee Garbage Fee Special Books of Accounts Patent of the Product Patent of the Name 500.00 500.00 1.00 300.00 500.

11 1.00 3.473.97 2014 2015 2016 0.03 1.080.317.00 3.63 Php per pc.543.986.678.306.283.04 2017 1. Mark-UP price= 50% *Total Production Cost (Divided by) units produced Financial.55 2014 3.566.00 3.892.01 1.352.213.32 1.06 Pricing: Price= Estimated Unit Cost (1 + mark-up price)+(12% VAT) = 1.00 1.234.06 1.056.715.086.906.802.748.61 6.478.396.21 2.145.71 2015 1.828. (Php) 2013 0.800 pcs) 2.013.554. Table 20: Production Unit Cost Year Unit Cost per pc.191.75 1.00 3.106.49 1.435. Table 19: Projected Production Cost Direct Material Direct Labor Overhead Cost Total Production Cost 2013 3.174.286.416.31 2017 4.190.788.242.897.40 1.68 7.28 2015 3.86 8.43 6.934.96 Financial.51 2.258.313.79 7.80 2016 1.393.63 2014 1. Table 21: Projected Selling Price Projected Selling Price Selling price per pc.89 2017 1. (Php) 2013 1.Financial Aspect Financial.153.00 116 .280.737.329.99 1.44 2016 4.108.98 *note: 5% Annual Increase year Per Box (1.815.

494 7.008 26.) 5 % Safety Stocks (pcs) 2013 2014 2015 2016 2017 6.850.208 7.506 *Note: 5% Increase in Production Capacity 5% Safety Stocks Ready for Sale = Plant Capacity – Safety Stocks Ready for Sale (Pcs.818 6.197.) 6.930.397 571.208 6.128 6.118 326.904 150.259 129.198 630.192.552 518.192.) per month (Pcs.) per week (Pcs.683 23.921 6.517 359.851 7.817 25.833.930.850.612 117 .128 6.507.625 396.474 544.099 142.174.552.334 7.851 7.494 7.050 157. Table 23: Projected Safety Stocks and Ready for Sale Year Plant Capacity (Pcs.533.118 *Note: Working hours per day: 8 hours (Monday-Saturday) Working days per year: 302 days (excluding legal holidays) Assumed Production Growth per Year: 5% *See Technical Aspect for computations Financial.Financial Aspect Financial.206 342.) per year 2013 2014 2015 2016 2017 21.334 7.643 377.869 7.524.524.552.617 600.618 136. Table 22: Projected Production Capacity Production Capacity Year per day (Pcs.603 22.

98 Total Sales (Php) 10.16 7.226.448.492.507.701. Unit Cost Financial.995.278.353.63unit cost per Production pc.197.625 6.828.924.44 6.012.01 1.818 377.436.517 6.89 0. Table 24: *Ready for Sale x Prod.612 *Safety Stocks x Selling Price 1.00 785. Table 26: Projected Sales of Safety Stocks Year 2013 Year 2014 20152013 20162014 20172015 5 % Safety Stocks Selling Price per pc.389.652.507.45 13.208 396. Table 25: Projected Sales Year Ready for sale (Php) 2013 2014 2015 2016 2017 6.89 1.536.146.71 1.208 7.206 Ready for sale (Php) 342.732.45 14.80 0.45 712.921 6.174.533.506 2016 7.782.613.643 6.464.27 12.921 359.302.16 118 .833. (Php) 1.533.869 7. (Php) 1.833.71 1.80 1.101.66 6.28 7.44 6.197.04 1.174.81 11.06 Sales (Php) forTotal sale Total531.63 1.612 Selling Price per pc.136.975.922. Projected Manufacturing cost (pcs) (Php) 326.37 *Ready for Sale x Selling Price Financial.98 1.03 646.97 1.150.869 2017 7.Financial Aspect Financial.818 6.10 MFG Cost of Sales (Php) 586.99 1.

840.506 1.459.323.Financial Aspect Financial.80 2016 2017 Production Unit Cost per pc.06 364.68 391.400. Table 27: Projected Manufacturing Cost of Safety Stocks Year 5% Safety Stocks (pcs) 2013 326.405.34 2015 359.517 0.97 316.69 420. Unit Cost 119 .625 396.643 377.58 2014 342.04 1.206 0. (Php) Total Manufacturing Cost (Php) *Safety Stocks x Prod.01 1.99 339.

215.00 493.00 250.000.000.400.644.000.00 25.33 289.00 1. *See appendices for interest of time deposit FINANCIAL STATEMENTS 94 .476.99 1.378.215. Plant and Equipment tools.375% 2.000.00 20.397.655.215.75 2.67 100.00 250.088.67 289.066.375% 2.28 18.50 100.588.000.693.00 50.00 125.000.16 Deposit 141.000.400.562.226.00 2015 977.594.000. machineries and equipment Less: accumulated depreciation furniture and fixtures Less: accumulated depreciation transportation equipment Less: accumulated depreciation building improvements Less: accumulated depreciation total 2013 977.00 295.83 100.78 2.000.00 75.151.50 Financial.693.370.35 53.985.000.400.07 111.375% 2.000.400.573.644.00 1.450.00 100.906.375% Beg.395.00 250.874.556.613.00 1.264.400.00 30.906.85 Interest Income 3.000.00 912.Financial Aspect Financial.21 3.00 394.837.13 *Annual Net Income deducted by 1Million is deposited at the end of the year to the bank.151.33 289. Table 29: Projected Interest Income & Cash on Bank Year Interest 2013 2014 2015 2016 2017 2.33 100.375% 2.00 127.583.371.906.16 8.000.000.000.449.215.50 2014 977.00 40.00 289.255.00 197.000.261.215.261.00 10.000. Balance 141. Table 28: Schedule of Property.714.000.67 289.57 Cash on Bank 141.00 84.453.00 169.00 42.48 793.191.604.00 2017 977.48 647.75 2.00 250.00 211.000.440.00 50.17 100.88 4.48 793.794.00 98.371.00 736.50 2016 977.88 4.840.000.00 250.021.

Financial Aspect Green Pulp Manufacturing Company 95 .

55 30.861.469.00 98.00 1.61 6.655.459.405.760.03 6.786.082.Financial Aspect Cost of Goods Sold 2013 2014 2015 2016 2017 Direct Materials Raw Materials Direct Labor 3.847.366.836.69 391.692. 6.07 30.174.145.33 98.737.323.373.03 4.58 6.951.469.400.76 Cost of Goods Manufactured Finished Goods Inventory-Beg.76 1.41 391.96 1.323.613.32 8.334.658.290.657.732.744.575.389.81 755.111.639.748.490.323.213.613.86 741.19 1.07 10.68 364.290.11 3.31 1.623.40 316.98 6.00 98 .667.243.825.347.769.69 420.554.613.33 9.111.50 7.795.68 7.695.761.769.18 477.405.10 316.49 4.502.69 Add:Cost of Goods Manufactured Total Goods Available for Sale Less: Finished Goods InventoryEnd 6.84 7.64 6.58 30.607.420.493.48 733.36 1.322.906.869.151.655.32 Labor Cost Overhead Cost 1.060.360.70 472.34 339.936.876.40 6.64 7.480.468.34 7.263.200.33 29.50 1.33 10.41 8.30 Indirect Materials Indirect Labor Depreciation ExpenseMachineries and Equipment Production Supplies Safety Stock Total Finished Goods Inventory.405.34 364.459.317.61 6.34 7.207.44 1.25 98 .55 463.15 7.601.153.80 5.251.715.50 339.152.58 339.591.446.68 391.978.80 98 .468.840.613.58 316.92 467.388.400.65 364.459.543. End COST OF GOODS SOLD Green Pulp Manufacturing Company Statement of Comprehensive Income 96 .861.65 7.859.420.111.840.601.400.33 9.00 29.80 420.25 748.306.769.925.761.847.61 6.612.028.280.06 3.613.688.093.847.03 726.553.18 1.11 Utilities Total Overhead Cost 458.655.

277.100.291.000.26 1.449.000.50 48.988.358.324.988.670.212.829.141.00 63.64 2.50 48.306.00 3.370.97 751.012.25 5.631.000.00 3.42 3.00 42.736.354.470.000.00 42.027.874.38 17.38 1.440.17 10.837.804.14 1.27 25.719.07 4.40 1.870.48 2.17 10.35 3.000.52 3.000.230.000.00 11.837.00 6.852.00 42.397.60 2.94 1.357.811.522.97 489.094.460.710.200.745.188.397.26 6.48 97 .200.15 6.305.795.133.66 53.20 1.209.281.836.017.90 18.499.633.00 3.870.85 1.397.255.000.00 6.21 774.41 1.17 10.941.000.000.651.731.00 42.22 12.000.17 10.00 11.00 6.95 1.02 7.749.450.002.067.289.647.49 13.00 43.94 65.00 14.600.52 65.200.528.262.555.480.206.938.00 48.028.70 2.80 3.200.260.00 480.36 1.600.00 3.13 706.200.547.00 42.988.655.287.263.715.000.043.806.00 1.449.00 39.00 6.039.556.294.870.397.732.440.00 3.714.988.00 25.227.692.397.476.85 3.732.30 9.655.00 6.954.200.58 7.49 6.772.811.00 11.508.000.572.76 63.00 39.246.64 8.03 4.99 758.Financial Aspect For the year ending 2013-2017 SALES Less: Cost of Goods Sold GROSS PROFIT Less: Operating Expense Salaries Expense-Administrative Salaries Expense-13th Month Advertising Expense Office Supplies Expense Building Improvement-Depreciation Furniture and Fixtures-Depreciation Transportation Equipment-Depreciation Business Taxes and Licenses SSS Expense Pag-Ibig Expense Philhealth Expense Insurance Expense Telephone Expense Internet Expense Rent Expense TOTAL OPERATING EXPENSE OPERATION PROFIT Add: Interest Income NET INCOME BEFORE TAX Less: Income Tax (30%) NET INCOME AFTER TAX 2013 2014 2015 2016 2017 10.00 3.350.204.000.51 4.17 10.388.28 2.28 744.86 25.03 25.70 1.38 1.73 1.78 766.79 111.00 480.615.00 39.460.232.50 48.64 5.57 6.00 480.631.88 1.49 1.870.906.00 3.446.017.870.00 1.600.25 1.10 15.825.78 25.72 4.049.502.378.017.38 1.36 3.13 6.387.92 3.000.000.294.00 2.00 480.907.600.20 3.00 11.968.447.543.00 3.536.37 64.00 48.00 39.107.698.00 480.291.476.00 24.00 3.180.356.259.381.388.00 3.992.642.650.767.430.

49 1.030.Financial Aspect Green Pulp Manufacturing Company Changes on Equity For the year ending 2013-2017 2013 2014 2015 2016 2017 Hilario.27 818.030.78 2.132.331.49 549.980.980.635.88 2. Beginning Add: Net Income Ending 1.635.132.75 Manalo.00 380.496.635.635.03 5.635.480.72 1.49 549.100.082.421.78 2.258.000.622.679.421.00 380.622.258.980.61 2.751.679.421.100.100.132.75 98 .03 5.331.49 1.78 2.082.751.635.030.751.071.751.848.679.030.27 2.980.88 1.27 818.679.72 3.635.635.49 549. Beginning Add: Net Income Ending 1.477.848.03 5.27 2.61 2.88 1.84 3.480.331. Dhia Carole A.258.679.848.480.082.635.496.848.258. Beginning Add: Net Income Ending 1.88 2.72 3.49 1.49 1.84 3.071.477.72 1.72 3.00 380. Arvie M.980.49 1.477.480.848.258.980.000.848.61 2.751.071.679.27 2. Trizzadel E.75 Sanchez.27 818.000.030.72 1.88 1.258.480.030.49 1.751.88 2.622.84 3.496.480.

Financial Aspect 99 .

53 Total cash flow from operating activities 5.447.763.77 4.371.846.400.91 1.0 289.685.006.10 Total cash flow from investing activities 9 6 8 Total net cash 1.216.83 1.010.59 40.397.80 36.000.93 2.50 1.042.641.309.539.000.944.906.693.09 6.64 7.88 4.000.50 912.88 2016 1.75 Green Pulp Manufacturing Company Statement of Cash Flows For the year ending 2013-2017 2015 5.456.215.547.483.0 12.50 1.15 5.000.01 4.480.644.840.006.675.82 3.0 0 42.440.613.635.637.396.972.449.57 316.4 2.044.33 736.480.0098.479.00 1.840.573.776.83 current asset4.31 inflows 0.48 793.11 3.68 391.930.002.000.440.917.077.373.34 364.1 5.459.322.927.0 3.322.317.671.226 .83 27.88 2.11 4.096.029.000.34 9 8 0 6 Add: Increase in Accounts Payable 321.215.841.927.501.33 Cash flow from investing activities 1.052.616.00 1.50 880.348.106.75 44.447.179.815.000.71 354.1 7 10.15 5.34 .1 2.06 321.00 10.271 .50 352.00 3.400.985 .14 Depreciation Expense-Furniture and Fixtures Plant & Equipment cumulated Depreciation Payable O EZ 2013 2017 2014 42.46 4.Financial Aspect GREEN PULP CORPORATION STATEMENT OF FINANCIAL POSITION for the year ending 2013-2017 2013 Hand Bank es 2014 Cash flow from operating activities Net Income from Operations 2.41 8.003 .00 9 6 8 Transportation Equipment 100.17 10.783.000.51 390.1 3.613.33 98.616.89 2016 - 2.75 430.631.06 5.50 11.00 5.665.00 3.314.9 6.25 11.631.00 1.566.147.141.0 3.1 2.21 6.397.613.833.71 354.00 25.50 474.459.17 98.11 4.33 6.330.11 7.00 2015 2.00 10.00 9 6 8 1.604.906.58 339.906.51 4.430.314.63 4.14 7.437.143.456.069.4 2.029.089.479.00 - Add: Beginning cash balance Ending Cash Balance 2017 3.918.317.044.397.824.4 2.615.368.0 0 98.444.635.615.75 430.455.259.846.00 Depreciation Expense-Transportation Equipment 10.98 16.613.821.51 390.000.33 3 1.648.10 Building Improvements 250.16 8. Machineries & 704.264.006.405.480.993.82 11.00 1.07 11.483.64 7.271 .33 3.583.000.151.095.84 Machineries and Equipment 977.088.11474.53 -293.566.616.00 528.96 16.594.27 6.00 25.395.61 1.000.046.89 Add: Depreciation 141.373.562.945.300.50 Cash flow from operations before changes in net 1.029.27 3.34 1.261.616.69 5.833.479.76 24.17 42.846.842.613.373.815.10 Furniture and Fixtures 2.161.9 8.868.00 176.48 6.80 Depreciation Expense-Building Improvement 25.120.637.031.397.27 100 15.215.46 16.572.46 4.615.47 8.000.648.24 316.17 1.039.485.5 8 Less: Increase in Inventory 22.927.002.435.00 1.940.441.00 42.01 29.456.280.00 1.50 Depreciation Expense-Tools.641.631.781.516.483.616.15 5.840.16 1.972.671.985 .635.972.3 Equipment 98.17 42.264.6925.71 32.350.864.615.87 2.488.00 420.98 7.323.616.615.48 1.09 25.021.000.255.17 321.07 - - - - 3.397.002.022.

095.444.9 6 16.821.0 0 12.280.120.763.348.069.1 9 6.842.64 101 .930.Financial Aspect 4.9 8 8.

Financial Aspect 102 .

Financial Aspect 103 .

49 12.547.449.449.28 17.089.840.66 15.85 12.418.179.631.522.14 1.58 0.815.804.55 11.841.02 0.02 0.69 321.85 3.50 390.79 17.601.26 1.25 0.305.043.501.305.044.71 9.02 0.000 1.378.012.378.387.25 0.906.450.48 3.291.306.260.260.99 12.99 6.651.33 33.29 8.373.547.631.305.27 6.441.528.25 0.85 16.64 16.Financial Aspect Ratio Formula 2013 2014 2015 2016 2017 Liquidity Current Ratio Current Assets Current Liabilities Acid Test Ratio (Current Assets-Inventory) Current Liabilities 3.485.161.21 3.522.52 4.34 474.97 10.99 3.14 474.547.34 3.78 13.655.35 1.006.874.556.147.633.449.27 Profitability Gross Profit Margin Gross Profit Sales Operating Profit Margin Operating Profits Sales Net Profit Margin Net Profit After Tax Sales Return on Investment Net Profit after Taxes Total Investments Return on Equity Net Profit after Taxes Owner's Equity Cash Payback Period Cash Payback Period Total Investment Average Annual Profit PAYBACK PERIOD 3.647.26 0.012.51 14.450.294.48 0.906.300.000 0.350.259.22 10.555.21 15.71 10.539.631.039.25 0.613.012.66 7.322.291.633.31 0.300.26 4.15 1.306.26 2.368.78 8.14 11.13 0.000 0.74 2.22 3.000 1.216.002.675.82 390.27 430.75 19.039.26 15 410 Year Months Days 104 .10 13.772.13 0.20 1.55 6.291.000 0.45 1.26 0.07 7.92 15.31 3.096.655.46 0.480.655.85 17.300.78 3.906.50 25.477.35 4.710.647.58 0.917.522.03 4.314.306.50 3.02 3.000 2.874.260.829.300.378.685.547.47 0.141.106.633.51 13.671.300.815.906.837.13 0.670.46 2.50 1.246.28 9.039.141.437.002.781.043.48 4.027.96 430.671.470.38 15.33 33.874.300.373.435.58 0.26 5.35 5.36 4.64 354.449.21 11.62 4.75 20.043.98 354.48 10.736.11 321.277.556.002.450.141.017.647.50 26.006.18 2.90 13.556.26 0.11 1.314.