Schedule 7

Total Salaries
Title

Qty

Monthly
Salary

Total Monthly
salary

Cleaner

12

P 8,365.50

P 100,386.00

General
Manager
Assistant
General
Manager
Operation
Manager
Accounting
Officer
Marketing
Officer
Administrative
assistant

8,365.50

8,365.50

SSS

P
308.80

Phil
Health

Deduction
PAG-IBIG
(2%)

Withholding
Tax

P 100.00

P 167.31

P 376.6885

100.00

167.31

376.6885

Total
Deduction
P 11,433.582

8,365.50

8,365.50

8,365.50

100.00

8,365.50

167.31

376.6885

952.7985

8,365.50

100.00

8,365.50

167.31

376.6885

952.7985

8,365.50

100.00

8,365.50

167.31

376.6885

952.7985

16,731.00

100.00

16,731.00

8365.5

97,317.918

8365.5

97,317.918

8365.5

97,317.918

8365.5

97,317.918

8365.5

97,317.918

16,731

182,135.808

7,412.7015
167.31

376.6885

952.7985

308.80
1

P 1,167,815.016

7,412.7015

308.80
1

Annual Salary

7,412.7015

308.80
1

13th
month
pay
P100,386

7,412.7015

308.80
1

P 88,566.418

952.7985

308.80
1

Net amount

200.00

334.62

1,831.346

2,947.266

7,412.7015
13,783.734

581.30
P 158,944.50

P 1,836,540.414

Schedule 8
Depreciation
Price
Product

Total

Residual
Value

Quantity
1

Php.3500.00

2. Air Conditioner

Php.30,900.00 Php.30,900

Php.15,450.00 10

Php.1,545.00

3. Air Purifier

Php.10,000.00 Php.30,000.00

Php.15,000.00 10

Php.1,500.00

4. Bundy Clock

Php.8,995.00

Php.4,497.50

10

Php.449.75

Php.5,790.00

10

Php.579.00

1set

Php.8995.00

Php.11,580.00 Php.11,580.00

Php.1750.00

10

Depreciation

1. Adding Machine

5. CCTV

Php.3500.00

Useful
Life in
Years

Php.175.00

6. Computer Set

Php.22,000.00 Php.110,000.00 Php.55,000.00 10

Php.5,500.00

7. Floor Polisher

Php.17,998.00 Php.53,964.00

Php.26,997.00 10

Php.2,699.70

8. Printer

Php.8,950.00

Php.8,950.00

Php.4,475.00

10

Php.447.50

9. Telephone

Php.1,000.00

Php.4000,00

Php.2,000.00

10

Php.200

10. Vacuum

Php.13,000.00 Php.39,000.00

Php.19,500.00 10

Php.1,950.00

11. Water Dispenser

Php.600.00

Php.300.00

10

Php.30.00

Total

Php.15,075.95

Php.600.00

PROJECTED INCOME STATEMENT

CLEANERS
For the year ended September 30, 2016-2020
Account Title
Service Income
Less:
Utilities expense
Tax and Licenses
Advertising
Expense
Rent expense
Office Supplies
Expense
Cleaning Supplies
Expense
Salaries Expense
SSS Premium
Phil Health
PAG-IBIG
Withholding Tax
13th Month Pay
Depreciation
Expense
Total Expenses
Gross Income
Income Tax (32%)
Net income

2016
P 2,704,650.00

2017
P 2,706,000.00

2018
P 2,755,200.00

2019
P 2,804,400.00

2020
P 2,829,750.00

154,003.92
1,410.00
10,000.00

154,080.92
1,410.00
10,500.00

154,235.00092
1,410.00
1,150.00

154,466.35
1,410.00
12,705.00

154,775.2827
1,410.00
14,229.60

120,000.00
1,152.90

120,000.00
1,152.90

120,000.00
1,200.00

120,000.00
1,200.00

120,000.00
1,200.00

6,402.50

6,402.50

7,500.00

7,500.00

7,200.00

134,950.824
214,260.00
45,600.00
76,293.36
98,820.606
158,944.5
15,075.95

134,950.824
214,260.00
45,600.00
76,293.36
98,820.606
158,944.5
15,075.95

134,950.824
21,4260.00
45,600.00
76,293.36
98,820.606
158,944.50
15,075.950

134,950.824
214,260.00
45,600.00
76,293.36
98,820.606
158,944.50
15,075.950

134,950.824
214,260.00
45,600.00
76,293.36
98,820.606
158,944.5
15,075.95

P 2,189,341.12
515,308.88
(164,898.84)
P 350,410.04

P 2,189,918.12
516,081.88
(165,146.2016)
P 350,935.6784

P 2,192,266.80092
562,933.19908
(180,138.6237)
P 382,794.57538

P 2,193,653.15 P 2,195,186.0527
610,746.85
634,563.9473
(195,438.992) (203,060.463136)
P 415,307.858 P 431,503.484164

PROJECTED STATEMENT OF FINANCIAL POSITION

CLEANERS
As of September 30, 2016-2020
Account Title
Cash on Hand
Cash in Bank
Office Supplies
Cleaning Supplies
Total Current Asset
Machineries and
Equipment
Accumulated
Depreciation
Furniture and Fixture
Total Fixed Assets

2016
P 300,212.8788
700,496.7172
1,729.35
9,603.75
1,012,042.696
301,489

2017
P 407,930.8422
951,838.6318
1,729.35
9,603.75
1371,102.5744
286,413.05

2018
P 527,321.0148
1,230.415.701
1,800
7,500
1,767,036.7165
271,337.1

2019
P 657876.7197
1,535,045.679
1,800
7,500
2,202,222.3995
256,261.15

2020
P 791,760.5499
1,847441.283
1,800
10,800
2,651,801.833664
241,185.2

(15,075.95)

(15,075.95)

(15,075.95)

(15,075.95)

(150,75.95)

63,540.5
349,953.55

63,40.5
334,877.6

63,540.5
319,801.65

63,540.5
304,725.7

63,540.5
289,649.75

1,361,996.29

1,705,980.1744

2,086,838.419

2,506,948.152

2,941,451.636

11,586.25

4,634.5

2,698.125

7,500

10,500

270,082.008
270,082.008
270,082.008
270,082.008
270,082.008

340,229.1437
340,229.1437
340,229.1437
340,229.1437
340,229.1437

416,828.0588
416,828.0588
416,828.0588
416,828.0588
416,828.0588

499,889.6304
499,889.6304
499,889.6304
499,889.6304
499,889.6304

586,190.3272
586,190.3272
586,190.3272
586,190.3272
586,190.3272

Total Liabilitites and

P 1,361,996.29
P 1,705,980.1744
Equity
Financial Ratio Analysis (September 30, 2016-2020)

P 2,086,838.419

P 2,506,948.152

P 2,941,451636

Total Assets
Liabilities
Accounts Payable
Equity
Berio, Capital
Camagay, Capital
Gaelo, Capital
Gomeseria, Capital
Romero, Capital

Formula
Current Ratio

Working Capital

Working Capital
to Total Assets

2016

2017

2018

2019

2020

.87%

.29%

.32%

.32%

.38%

Interpretation
Shows the ability of
the company to meet
its current obligations
using current assets

83.68

277.48

271.88

271.88

232.96

Shows the ability of

the firm to liquidate its
operating expense

.39%

Shows the liquidity of

total
assets
and
distribution
of
resources employed.

.85%

.29%

.137%

.32%

Shows the proportion

Debt Ratio

P957,906.55 P1,281,368.24 P1,643,760.82 P 2,031,594.69 P2,435,623.76 of all assets financed

with debt.

Equity Ratio

Debt to Equity
Ratio

72.60%

79%

83.60%

86.68%

89%

Shows the proportion

of assets provided by
the owners.

99%

99.71%

99.68%

99.68%

99.62%

Shows proportion of
equity and debt to
financed its assets.

Fixed Assets to
Total Equity

26.76%

20.72%

13.04%

13.04%

10.63%

Fixed Assets to
Total Assets

26.52%

20.66%

13%

13%

10.59%

Shows proportion of
owners
capital
invested
in
fixed
assets.
Shows
the
measurement
of
investment in long
term assets.