1.

1 Major Assumption (Annual)

Revenue
Selling price increases at 2%
Sales units increase at 10%
Mark up over cost of 50%
Costs and Expenses
Unit cost (variable) increases at 2%
Expenses increase at 2%
Salaries increase at 3%
1.2 Project Cost (First Year)

Raw Materials Purchases 5,619,227.15

Direct Labor 750,360.00
Factory Overhead
Indirect Material 319,303.30
Indirect Labor:
Utility Personnel 150,072.00
Quality Control Personnel 150,072.00
SSS, Philhealth & Pag-ibig Contributions f 99,120.00
Others:
Factory Electricity 240,000.00
Factory Water 60,000.00
Factory Telephone 14,400.00
Factory Rent 210,000.00
Packaging Cost 1,034,779.20
Salaries - Selling 300,144.00
Office supplies purchases 16,240.80
Salaries - Administrative 625,144.00
SSS Contribution 96,000.00
Philhealth Contribution 16,800.00
Pag-ibig Contribution 28,800.00
Business licenses and permit 5,870.00
Office Rent 280,000.00
Office Electricity 120,000.00
Office Water 30,000.00
Office Telephone 14,400.00
Interest 60,000.00
Acquisitions of:
Factory Appliances 79,825.00
Factory Equipments 112,000.00
Factory Furnitures and Fixtures 36,800.00
Office Appliances 77,375.00
Office Furnitures and Fixtures 61,100.00
Vehicle 1,000,000.00
Total 11,607,832.45
5.3 Initial Working Capital

Investments made by partners 2,000,000.00

5.4 Alternative Sources of Financing

Bank loan 500,000.00

5.5 Projected Financial Statements

Projected Statement of Financial Position

Assets
Current Assets
Cash
Office Supplies
Raw Materials Inventory
Finished Goods Inventory
Non Current Assets
Rent Deposit
Factory Appliances
Accumulated Depreciation, Factory Appliances
Factory Equipments
Accumulated Depreciation, Factory Equipments
Factory Furnitures and Fixtures
Accumulated Depreciation, Factory Furnitures and Fixtures
Office Appliances
Accumulated Depreciation, Office Appliances
Office Furnitures and Fixtures
Accumulated Depreciation, Office Furnitures and Fixtures
Vehicle
Accumulated Depreciation, Vehicle
Total Assets

Liabilities
Current Liabilities
Taxes Payable
Non Current Liabilities
Loans Payable
Equity
A, Capital
A, Drawings
B, Capital
B, Drawings
C, Capital
C, Drawings
D, Capital
D, Drawings
E, Capital
E, Drawings
Total Liabilities and Equity
Projected Statement of Comprehensive Income

Sales
Cost of Goods Manufactured and Sold:
Raw Materials, Beginning
Add: Purchases
Total Raw Materials Available for Use
Less: Raw Materials, Ending
Raw Materials Used
Direct Labor
Factory Overhead
Cost of Goods Manufactured
Add: Finished Inventory, Beginning
Total Goods Available for Use
Less: Finished Inventory, Ending
Cost of Goods Manufactured and Sold
Gross profit
Operating Expenses:
Selling Expenses:
Packaging Cost
Salaries Expense - Selling
Administrative Expenses:
Office Supplies Expense
Salaries Expense - Administrative
SSS Contribution
Philhealth Contribution
Pag-ibig Contribution
Business licenses and permit
Rent expense
Electricity expense
Water expense
Telephone Expense
Depreciation Expense, Office Appliances
Depreciation Expense, Furnitures and Fixtures
Depreciation Expense, Vehicle
Earnings Before Interests and Taxes
Interest Expense
Earnings Before Taxes
Tax Expense (30%)
Net Income

Projected Statement of Cash Flows

Operating Activities
 Cash received from customers
Cash payments for:
Raw Materials Purchases
Direct Labor
Factory Overhead
Indirect Material
Indirect Labor
Utility Personnel
Quality Control Personnel
SSS, Philhealth & Pag-ibig Contributions for Factory Personnel
Others:
Factory Electricity
Factory Water
Factory Telephone
Factory Rent
Packaging Cost
Salaries - Selling
Office supplies purchases
Salaries - Administrative
SSS Contribution
Philhealth Contribution
Pag-ibig Contribution
Business licenses and permit
Office Rent
Office Electricity
Office Water
Office Telephone
Interest
Taxes

Investing Activities
Acquisitions of:
Factory Appliances
Factory Equipments
Factory Furnitures and Fixtures
Office Appliances
Office Furnitures and Fixtures
Vehicle

Financing Activities
Investments made by partners
Proceeds from bank loans
Drawings made by partners
Payments of bank loans principal
Increase/(Decrease) in cash for the year
Cash balance, beginning
Cash balance, ending

Distribution of Income to Partners

Net Income
Salaries
Remainder (Distributed Equally)

Partner A
Partner B
Partner C
Partner D
Partner E

Direct Materials
Clay
Silicon

Direct Labor
Factory Workers (5)
FOH
Indirect Material:
Ink
Indirect Labor:
Utility Personnel (1)
Quality Control Personnel (1)
SSS, Philhealth & Pag-ibig Contributions for Factory Personnel
Others:
Depreciation Expense
Electricity Expense
Water Expense
Telephone Expense
Rent Expense

Direct Materials
Clay
Silicon
Direct Labor
Factory Workers (5)
FOH
Indirect Material:
Ink
Indirect Labor:
Utility Personnel (1)
Quality Control Personnel (1)
SSS, Philhealth & Pag-ibig Contributions for Factory Personnel
Others:
Depreciation Expense
Electricity Expense
Water Expense
Telephone Expense
Rent Expense

Sales (Increases by 10% each year)

230
5,980
71,760

Beginning Inventory
Production
Sales (Increases by 10% each year)
Ending Inventory

Beginning Inventory
Raw Materials Purchases
Usage
Ending Inventory

Direct Materials
Clay
Silicon

Direct Labor
Factory Workers (5)
FOH
Indirect Material:
Ink
Indirect Labor:
Utility Personnel (1)
Quality Control Personnel (1)
 SSS, Philhealth & Pag-ibig Contributions for Factory Personnel
Others:
Depreciation Expense
Electricity Expense
Water Expense
Telephone Expense
Rent Expense

Total Manufacturing Cost/Unit

2016 2017 2018 2019

704,667.75 672,573.45 783,391.54 1,077,885.61

8,200.80 8,364.82 8,532.11 8,702.75
163,666.81 178,771.83 200,581.99 225,052.99
216,750.00 239,810.86 264,089.43 291,212.63

70,000.00 70,000.00 70,000.00 70,000.00

79,825.00 79,825.00 79,825.00 79,825.00
(7,982.50) (15,965.00) (23,947.50) (31,930.00)
112,000.00 112,000.00 112,000.00 112,000.00
(11,200.00) (22,400.00) (33,600.00) (44,800.00)
36,800.00 36,800.00 36,800.00 36,800.00
(3,680.00) (7,360.00) (11,040.00) (14,720.00)
77,375.00 77,375.00 77,375.00 77,375.00
(7,737.50) (15,475.00) (23,212.50) (30,950.00)
61,100.00 61,100.00 61,100.00 61,100.00
(6,110.00) (12,220.00) (18,330.00) (24,440.00)
1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00
(100,000.00) (200,000.00) (300,000.00) (400,000.00)
2,393,675.37 2,263,200.95 2,283,565.07 2,493,113.99

275,602.61 359,813.46 439,366.52 529,297.28

450,000.00 400,000.00 350,000.00 300,000.00

528,614.55 501,527.50 505,715.21 545,845.11

(195,000.00) (200,850.00) (206,875.50) (213,081.77)
528,614.55 501,527.50 505,715.21 545,845.11
(195,000.00) (200,850.00) (206,875.50) (213,081.77)
528,614.55 501,527.50 505,715.21 545,845.11
(195,000.00) (200,850.00) (206,875.50) (213,081.77)
528,614.55 501,527.50 505,715.21 545,845.11
(195,000.00) (200,850.00) (206,875.50) (213,081.77)
528,614.55 501,527.50 505,715.21 545,845.11
(195,000.00) (200,850.00) (206,875.50) (213,081.77)
2,393,675.37 2,263,200.95 2,283,565.07 2,493,113.99
10,837,500.20 11,983,743.18 13,198,702.62 14,553,640.18

- 163,666.81 178,771.83 200,581.99

5,619,227.15 5,970,892.57 6,704,301.04 7,522,225.77
5,619,227.15 6,134,559.38 6,883,072.87 7,722,807.76
163,666.81 178,771.83 200,581.99 225,052.99
5,455,560.34 5,955,787.55 6,682,490.88 7,497,754.77
750,360.00 772,870.80 796,056.92 819,938.63
1,235,829.80 1,283,564.62 1,344,865.85 1,411,856.59
7,441,750.14 8,012,222.97 8,823,413.65 9,729,549.99
- 216,750.00 239,810.86 264,089.43
7,441,750.14 8,228,972.98 9,063,224.51 9,993,639.42
216,750.00 239,810.86 264,089.43 291,212.63
7,225,000.13 7,989,162.12 8,799,135.08 9,702,426.79
3,612,500.07 3,994,581.06 4,399,567.54 4,851,213.39

1,034,779.20 1,108,117.92 1,218,929.71 1,340,822.68

300,144.00 309,148.32 318,422.77 327,975.45

8,040.00 8,200.80 8,364.82 8,532.11

625,144.00 643,898.32 663,215.27 683,111.73
96,000.00 97,920.00 99,878.40 101,875.97
16,800.00 17,136.00 17,478.72 17,828.29
28,800.00 29,376.00 29,963.52 30,562.79
5,870.00 5,870.00 5,870.00 5,870.00
240,000.00 240,000.00 240,000.00 240,000.00
120,000.00 122,400.00 124,848.00 127,344.96
30,000.00 30,600.00 31,212.00 31,836.24
14,400.00 14,688.00 14,981.76 15,281.40
7,737.50 7,737.50 7,737.50 7,737.50
6,110.00 6,110.00 6,110.00 6,110.00
100,000.00 100,000.00 100,000.00 100,000.00
978,675.37 1,253,378.20 1,512,555.07 1,806,324.27
60,000.00 54,000.00 48,000.00 42,000.00
918,675.37 1,199,378.20 1,464,555.07 1,764,324.27
275,602.61 359,813.46 439,366.52 529,297.28
643,072.76 839,564.74 1,025,188.55 1,235,026.99
10,837,500.20 11,983,743.18 13,198,702.62 14,553,640.18

(5,619,227.15) (5,970,892.57) (6,704,301.04) (7,522,225.77)

(750,360.00) (772,870.80) (796,056.92) (819,938.63)

(319,303.30) (348,772.20) (391,322.41) (439,063.74)

(150,072.00) (154,574.16) (159,211.38) (163,987.73)

(150,072.00) (154,574.16) (159,211.38) (163,987.73)
(99,120.00) (102,093.60) (105,156.41) (108,311.10)

(240,000.00) (244,800.00) (249,696.00) (254,689.92)

(60,000.00) (61,200.00) (62,424.00) (63,672.48)
(14,400.00) (14,688.00) (14,981.76) (15,281.40)
(210,000.00) (180,000.00) (180,000.00) (180,000.00)
(1,034,779.20) (1,108,117.92) (1,218,929.71) (1,340,822.68)
(300,144.00) (309,148.32) (318,422.77) (327,975.45)
(16,240.80) (8,364.82) (8,532.11) (8,702.75)
(625,144.00) (643,898.32) (663,215.27) (683,111.73)
(96,000.00) (97,920.00) (99,878.40) (101,875.97)
(16,800.00) (17,136.00) (17,478.72) (17,828.29)
(28,800.00) (29,376.00) (29,963.52) (30,562.79)
(5,870.00) (5,870.00) (5,870.00) (5,870.00)
(280,000.00) (240,000.00) (240,000.00) (240,000.00)
(120,000.00) (122,400.00) (124,848.00) (127,344.96)
(30,000.00) (30,600.00) (31,212.00) (31,836.24)
(14,400.00) (14,688.00) (14,981.76) (15,281.40)
(60,000.00) (54,000.00) (48,000.00) (42,000.00)
- (275,602.61) (359,813.46) (439,366.52)

(79,825.00) - - -
(112,000.00) - - -
(36,800.00) - - -
(77,375.00) - - -
(61,100.00) - - -
(1,000,000.00) - - -

2,000,000.00 - - -
500,000.00 - - -
(975,000.00) (1,004,250.00) (1,034,377.50) (1,065,408.83)
(50,000.00) (50,000.00) (50,000.00) (50,000.00)
 704,667.75 (32,094.30) 110,818.09 294,494.07
- 704,667.75 672,573.45 783,391.54
704,667.75 672,573.45 783,391.54 1,077,885.61

643,072.76 839,564.74 1,025,188.55 1,235,026.99

(975,000.00) (1,004,250.00) (1,034,377.50) (1,065,408.83)
(331,927.24) (164,685.26) (9,188.95) 169,618.16

128,614.55 167,912.95 205,037.71 247,005.40

128,614.55 167,912.95 205,037.71 247,005.40
128,614.55 167,912.95 205,037.71 247,005.40
128,614.55 167,912.95 205,037.71 247,005.40
128,614.55 167,912.95 205,037.71 247,005.40
643,072.76 839,564.74 1,025,188.55 1,235,026.99

Cost Quantity per cup

350.00 /lb 0.20 lb
66.00 /lb 0.07 lb
0.26 lb

750,360.00 /year 73,912.80 cups/year

7.20 /ml 0.60 ml

150,072.00 /year 73,912.80 cups/year

150,072.00 /year 73,912.80 cups/year
99,120.00 /year 73,912.80 cups/year

22,862.50 /year 73,912.80 cups/year

240,000.00 /year 73,912.80 cups/year
60,000.00 /year 73,912.80 cups/year
14,400.00 /year 73,912.80 cups/year
180,000.00 /year 73,912.80 cups/year

Total Manufacturing Cost/Unit

2016 2017 2018 2019

350.00 357.00 364.14 371.42
66.00 67.32 68.67 70.04
 750,360.00 772,870.80 796,056.92 819,938.63

7.20 7.34 7.49 7.64

150,072.00 154,574.16 159,211.38 163,987.73

150,072.00 154,574.16 159,211.38 163,987.73
99,120.00 102,093.60 105,156.41 108,311.10

22,862.50 22,862.50 22,862.50 22,862.50

240,000.00 244,800.00 249,696.00 254,689.92
60,000.00 61,200.00 62,424.00 63,672.48
14,400.00 14,688.00 14,981.76 15,281.40
180,000.00 180,000.00 180,000.00 180,000.00

cups/day
cups/month
cups/year

2016 2017 2018 2019

0 2153 2368 2605
73913 79151 87066 95773
71760 78936 86830 95513
2153 2368 2605 2865

0 2217 2375 2612

76130 79308 87304 96034
73913 79151 87066 95773
2217 2375 2612 2873

2016 2017 2018 2019

69.45 70.83 72.25 73.70
4.37 4.45 4.54 4.63
73.81 75.29 76.79 78.33

10.15 9.76 9.14 8.56

4.32 4.41 4.49 4.58

2.03 1.95 1.83 1.71

2.03 1.95 1.83 1.71
 1.34 1.29 1.21 1.13

0.31 0.29 0.26 0.24

3.25 3.09 2.87 2.66
0.81 0.77 0.72 0.66
0.19 0.19 0.17 0.16
2.44 2.27 2.07 1.88
16.72 16.22 15.45 14.74
100.68 101.27 101.38 101.63
800.00
2020

1,583,960.88
8,876.81 increasing by 2%
252,509.46
321,524.19

70,000.00
79,825.00
(39,912.50)
112,000.00
(56,000.00)
36,800.00
(18,400.00)
77,375.00
(38,687.50)
61,100.00
(30,550.00)
1,000,000.00
(500,000.00)
2,920,421.34

631,192.72

250,000.00

627,319.94
(219,474.22) increasing by 3%
627,319.94
(219,474.22) increasing by 3%
627,319.94
(219,474.22) increasing by 3%
627,319.94
(219,474.22) increasing by 3%
627,319.94
(219,474.22) increasing by 3%
2,920,421.34
16,067,834.88 50% mark up

225,052.99
8,439,937.31
8,664,990.31
252,509.46
8,412,480.85
844,536.79
1,485,183.84
10,742,201.48
291,212.63
11,033,414.11
321,524.19
10,711,889.92
5,355,944.96

1,474,904.95
337,814.72 increasing by 3%

8,702.75 increasing by 2%
703,605.08 increasing by 3%
103,913.49 increasing by 2%
18,184.86 increasing by 2%
31,174.05 increasing by 2%
5,870.00 fixed
240,000.00 fixed
129,891.86 increasing by 2%
32,472.96 increasing by 2%
15,587.02 increasing by 2%
7,737.50 fixed
6,110.00 fixed
100,000.00 fixed
2,139,975.72
36,000.00
2,103,975.72
631,192.72
1,472,783.00
16,067,834.88

(8,439,937.31)
(844,536.79)

(492,629.52)

(168,907.36)
(168,907.36)
(111,560.43)

(259,783.72)
(64,945.93)
(15,587.02)
(180,000.00)
(1,474,904.95)
(337,814.72)
(8,876.81)
(703,605.08)
(103,913.49)
(18,184.86)
(31,174.05)
(5,870.00)
(240,000.00)
(129,891.86)
(32,472.96)
(15,587.02)
(36,000.00)
(529,297.28)

-
-
-
-
-
-

-
-
(1,097,371.09)
(50,000.00)
 506,075.27
1,077,885.61
1,583,960.88

1,472,783.00
(1,097,371.09)
375,411.91

294,556.60
294,556.60
294,556.60
294,556.60
294,556.60
1,472,783.00

Cost/Unit
69.45 423 (original price)
4.37
73.81

10.15

4.32

2.03
2.03
1.34

0.31
3.25
0.81
0.19
2.44
16.72
100.68

2020
378.85 increasing by 2%
71.44 increasing by 2%
844,536.79 increasing by 3%

7.79 increasing by 2%

168,907.36 increasing by 3%
168,907.36 increasing by 3%
111,560.43 increasing by 3%

22,862.50 fixed
259,783.72 increasing by 2%
64,945.93 increasing by 2%
15,587.02 increasing by 2%
180,000.00 fixed

2020
2865
105350
105064
3152 Policy is to keep Raw Materials Ending Inventory equivalent to 3% of Total Sales

2873
105638
105350
3161 Policy is to keep Raw Materials Ending Inventory equivalent to 3% of Total Productio

2020
75.17
4.72
79.90

8.02

4.68

1.60
1.60
 1.06

0.22
2.47
0.62
0.15
1.71
14.10
102.01
140.00
10 yrs contract
10 yrs useful life

10 yrs useful life

10 yrs useful life

10 yrs useful life

10 yrs useful life

10 yrs term 12%

12%
erials Ending Inventory equivalent to 3% of Total Sales

erials Ending Inventory equivalent to 3% of Total Production

240
5.6 Financial Analysis

Vertical Analysis
2016 2017 2018
Projected Statement of Financial Position

Assets
Current Assets
Cash 29.44% 29.72% 34.31%
Office Supplies 0.34% 0.37% 0.37%
Raw Materials Inventory 6.84% 7.90% 8.78%
Finished Goods Inventory 9.06% 10.60% 11.56%
Non Current Assets
Rent Deposit 2.92% 3.09% 3.07%
Factory Appliances 3.00% 2.82% 2.45%
Factory Equipments 4.21% 3.96% 3.43%
Factory Furnitures and Fixtures 1.38% 1.30% 1.13%
Office Appliances (Net) 2.91% 2.74% 2.37%
Office Furnitures and Fixtures (Net) 2.30% 2.16% 1.87%
Vehicle 37.60% 35.35% 30.65%
Total Assets 100.00% 100.00% 100.00%

Liabilities
Current Liabilities
Taxes Payable 11.51% 15.90% 19.24%
Non Current Liabilities
Loans Payable 18.80% 17.67% 15.33%
Equity
A, Capital (Net) 13.94% 13.29% 13.09%
B, Capital (Net) 13.94% 13.29% 13.09%
C, Capital (Net) 13.94% 13.29% 13.09%
D, Capital (Net) 13.94% 13.29% 13.09%
E, Capital (Net) 13.94% 13.29% 13.09%
Total Liabilities and Equity 100.00% 100.00% 100.00%

Projected Statement of Comprehensive Income

Service Revenue 100.00% 100.00% 100.00%

Cost of Goods Manufactured and Sold: 66.67% 66.67% 66.67%
Gross profit
Operating Expenses:
Selling Expenses:
Packaging Cost 9.55% 9.25% 9.24%
Salaries Expense - Selling 2.77% 2.58% 2.41%
 Administrative Expenses:
Office Supplies Expense 0.07% 0.07% 0.06%
Salaries Expense - Administrative 5.77% 5.37% 5.02%
SSS Contribution 0.89% 0.82% 0.76%
Philhealth Contribution 0.16% 0.14% 0.13%
Pag-ibig Contribution 0.27% 0.25% 0.23%
Business licenses and permit 0.05% 0.05% 0.04%
Rent expense 2.21% 2.00% 1.82%
Electricity expense 1.11% 1.02% 0.95%
Water expense 0.28% 0.26% 0.24%
Telephone Expense 0.13% 0.12% 0.11%
Depreciation Expense, Office Appliances 0.07% 0.06% 0.06%
Depreciation Expense, Office Furnitures and Fixtures 0.06% 0.05% 0.05%
Depreciation Expense, Vehicle 0.92% 0.83% 0.76%
Earnings Before Interests and Taxes
Interest Expense 0.55% 0.45% 0.36%
Earnings Before Taxes
Tax Expense (30%) 2.54% 3.00% 3.33%
Net Income 5.93% 7.01% 7.77%

Horizontal Analysis
2016 2017 2018
Projected Statement of Financial Position Increased/(Decreased) by

Assets
Current Assets
Cash -4.55% 11.17%
Office Supplies 2.00% 4.04%
Raw Materials Inventory 9.23% 22.56%
Finished Goods Inventory 10.64% 21.84%
Non Current Assets
Rent Deposit 0.00% 0.00%
Factory Appliances -11.11% -22.22%
Factory Equipments -11.11% -22.22%
Factory Furnitures and Fixtures -11.11% -22.22%
Office Appliances (Net) -11.11% -22.22%
Furnitures and Fixtures (Net) -11.11% -22.22%
Vehicle -11.11% -22.22%
Total Assets -5.45% -4.60%

Liabilities
Current Liabilities
Taxes Payable 30.56% 59.42%
 Non Current Liabilities
Loans Payable -11.11% -22.22%
Equity
A, Capital (Net) -9.87% -10.42%
B, Capital (Net) -9.87% -10.42%
C, Capital (Net) -9.87% -10.42%
D, Capital (Net) -9.87% -10.42%
E, Capital (Net) -9.87% -10.42%
Total Liabilities and Equity -5.45% -4.60%

Projected Statement of Comprehensive Income

Service Revenue 10.58% 21.79%

Cost of Goods Manufactured and Sold: 10.58% 21.79%
Gross profit 10.58% 21.79%
Operating Expenses:
Selling Expenses:
Packaging Cost 7.09% 17.80%
Salaries Expense - Selling 3.00% 6.09%
Administrative Expenses:
Office Supplies Expense 2.00% 4.04%
Salaries Expense - Administrative 3.00% 6.09%
SSS Contribution
Philhealth Contribution
Pag-ibig Contribution
Business licenses and permit 0.00% 0.00%
Rent expense 0.00% 0.00%
Electricity expense 2.00% 4.04%
Water expense 2.00% 4.04%
Telephone Expense 2.00% 4.04%
Depreciation Expense, Office Appliances 0.00% 0.00%
Depreciation Expense, Furnitures and Fixtures 0.00% 0.00%
Depreciation Expense, Vehicle 0.00% 0.00%
Earnings Before Interests and Taxes 28.07% 54.55%
Interest Expense -10.00% -20.00%
Earnings Before Taxes 30.56% 59.42%
Tax Expense (30%) 30.56% 59.42%
Net Income 30.56% 59.42%

Return on Investment = Net Income / Average Total Assets 26.87% 36.06% 45.10%
Return on Equity = Net Income / Average Total Equity 38.55% 52.94% 68.40%
Debt to Total Assets Ratio = Total Liabilities / Total Assets 30.31% 33.57% 34.57%
Equity to Total Assets Ratio = Total Equity / Total Assets 69.69% 66.43% 65.43%
Debt to Equity Ratio = Total Liabilities / Total Equity 43.50% 50.54% 52.83%
2019 2020

43.23% 54.24%
0.35% 0.30%
9.03% 8.65%
11.68% 11.01%

2.81% 2.40%
1.92% 1.37%
2.70% 1.92%
0.89% 0.63%
1.86% 1.32%
1.47% 1.05%
24.07% 17.12%
100.00% 100.00%

21.23% 21.61%

12.03% 8.56%

13.35% 13.97%
13.35% 13.97%
13.35% 13.97%
13.35% 13.97%
13.35% 13.97%
100.00% 100.00%

100.00% 100.00%
66.67% 66.67%

9.21% 9.18%
2.25% 2.10%
 0.06% 0.05%
4.69% 4.38%
0.70% 0.65%
0.12% 0.11%
0.21% 0.19%
0.04% 0.04%
1.65% 1.49%
0.88% 0.81%
0.22% 0.20%
0.11% 0.10%
0.05% 0.05%
0.04% 0.04%
0.69% 0.62%

0.29% 0.22%

3.64% 3.93%
8.49% 9.17%

2019 2020
d/(Decreased) by

52.96% 124.78%
6.12% 8.24%
37.51% 54.28%
34.35% 48.34%

0.00% 0.00%
-33.33% -44.44%
-33.33% -44.44%
-33.33% -44.44%
-33.33% -44.44%
-33.33% -44.44%
-33.33% -44.44%
4.15% 22.01%

92.05% 129.02%
-33.33% -44.44%

-0.26% 22.25%
-0.26% 22.25%
-0.26% 22.25%
-0.26% 22.25%
-0.26% 22.25%
4.15% 22.01%

34.29% 48.26%
34.29% 48.26%
34.29% 48.26%

29.58% 42.53%
9.27% 12.55%

6.12% 8.24%
9.27% 12.55%

0.00% 0.00%
0.00% 0.00%
6.12% 8.24%
6.12% 8.24%
6.12% 8.24%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
84.57% 118.66%
-30.00% -40.00%
92.05% 129.02%
92.05% 129.02%
92.05% 129.02%

51.71% 54.41%
78.22% 79.54%
33.26% 30.17%
66.74% 69.83%
49.84% 43.21%