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Income Statement

January February March April May


Sales 170,000 100,000 100,000 220,000 370,000
Cost of Sales 136,000 80,000 80000 176,000 296,000
Gross Profit 34,000 20000 20000 44,000 74,000
Expenses
Office Supplies 2,291
Miscellaneous Expenses
Rent Expenses 3,800 3,800 3,800 3,800 3,800
Electricity Expense 1,200 1,200 1,200 1,200 1,200
Salaries Expense 18,000 18,000 18,000 18,000 18,000
Pre-operating expenses
Depreciation
Office Equipment 883.34 883.34 883.34 883.34 883.34
Office Furnitures and Fixtures 616.66 616.66 616.66 616.66 616.66
Total Depreciation 1500 1500 1500 1500 1500
Total Expenses 25,000 25,000 27,291 25,000 25,000
Income before tax
Less Tax:
Net Income

Cash Flow
Cash Flow from Operating Activities
Net Income
Depreciation
Net Cash Flows from Operating Activities

Cash Flows from Investment Activities


Payment for Purchase Office Equipment
Payment for Purchase Office Furniture and Fixtures
Payment for Purchase of Supplies
Net Cash Used in Investing Activities

Cash Flow from Financing Activities


Investment from Proprietor
Net Cash Flow provided by Financing Activities

Net Increase(Decrease) In Cash


Cash Balance, Beginning
Cash Balance, Ending

Balance Sheet
Assets
Cash on hand
Cash in Bank
Accounts Receivables
Office Supplies
Total Current Assets
Non-Current Assets
Office Equipment
Office Furnitures and fixtures
Total Non-current Asset
Total Asst

Liabilities and Equity


Liabilities
Equity
Capital
Retained Earnings
Total Equity
Total Equiy and Liabilities
First Year 2nd year
June July August SeptemberOctober NovemberDecemberAnnual
620,000 120,000 220,000 440,000 560,000 380,000 310,000 3,610,000 4,332,000
496,000 96,000 176,000 352,000 448,000 304,000 248,000 2,888,000 3,465,600.00
124,000 24,000 44,000 88,000 112,000 76,000 62,000 722,000 866,400

2,291 2,291 2,291 9,164 9,164


6,000 6,000
3,800 3,800 3,800 3,800 3,800 3,800 3,800 45,600 45,600
1,200 1,200 1,200 1,200 1,200 1,200 1,200 14,400 16,000
18,000 18,000 18,000 18,000 18,000 18,000 18,000 216,000 216,000
5,000 5,000

883.34 883.34 883.34 883.34 883.34 883.34 883.34 10,600 10,600


616.66 616.66 616.66 616.66 616.66 616.66 616.66 7,400 7,400
1500 1500 1500 1500 1500 1500 1500 18,000 18,000
27,291 25,000 25,000 27,291 25,000 25,000 27,291 309,164 315,764
412,836 550,636
-123,870.80 165,191
288,985.20 385,445
3rd Year 4th Year 5th Year

5,198,400.00 6,238,080 7,485,696.00


4,158,720 4,990,464 5,988,557
1,039,680 1,247,616 1,497,139.20

9,164 9,164 9,164


6,000 6,000 6,000
45,600 45,600 45,600
16,000 16,000 16,000
216,000 216,000 216,000
5,000 5,000 5,000

10,600 10,600 10,600


7,400 7,400 7,400
18,000 18,000 18,000
315,764 315,764 315,764
723,916 931,852 1,181,375.20
217,175 279,555.60 354,413
506,741 652,296 826,962.64
Financial Aspect
Office Equipment
Computer set 30,000
Telephone and Internet 1,299
Laptop 25,000
Airconditioner 25,000
Stand fan 750
Printer 10,000
92,049
Office Furniture and Fixtures
Office Table @ 3 (P3,500/unit) 10,500
Sofa Set 18,000
Racks 8,000
Lights 5,000
Succulents and indoor plants 2,000
Office decors 3,000
46,500
Supplies
Bond Paper 2,000
Writing Materials and Record Book 1,000
Folders and boxes 3,000
Printer Ink 1,000
7,000
Pre Operating Cost
Taxes and Licences 5,000
Rennovation Expences (Office) 50,000
55,000

Event Supplies
Chandelier 15,000
Candle Stands (4 @ 1200) 4,800
Pillars (2 sets @ 5000) 10,000
Cloth ( 90 @ 20/yard) 1,800
31,600

Equipment and Tools


Multicab 150,000
Calculator (2 @ 800) 1,600
151,600

Total Investment Cost 383,749


January February March April May
Sales 115,000 85,000 80,000 70,000 80,000
Cost of Sales 92,000 68,000 64,000 56,000 64,000
Gross Profit 23,000 17,000 16,000 14,000 16,000
Expenses
Office Supplies 2,291
Miscellaneous Expenses 500 500 500 500 500
Event Supplies
Rent Expenses 3,800 3,800 3,800 3,800 3,800
Electricity Expense 1,200 1,200 1,200 1,200 1,200
Salaries Expense 18,750 18,750 18,750 18,750 18,750
Pre-operating expenses
Depreciation
Office Equipment 1,429.18 1,429.18 1,429.18 1,429.18 1,429.18
Office Furnitures and Fixtures 616.66 616.66 616.66 616.66 616.66
Equipment and tools 1,711.11 1,711.11 1,711.11 1,711.11 1,711.11
Total Depreciation 3,756.95 3,756.95 3,756.95 3,756.95 3,756.95
Total Expenses 28,007 28,007 30,298 28,007 28,007
Income before tax -5,007 -11,007 -14,298 -14,007 -12,007
Less Tax:
Net Income
June July August September October November December Annual 2nd Year 3rd Yeear
300,000 220,000 185,000 145,000 235,000 155,000 370,000 2,040,000 2,475,000 2,950,000
240,000 176,000 148,000 116,000 188,000 124,000 296,000 1,632,000 1,980,000 2,360,000
60,000 44,000 37,000 29,000 47,000 31,000 74,000 408,000 495000 590,000

2,291 2,291 2,291 9,164 9164 9164


500 500 500 500 500 500 500 6000 6000 6000
31,600 31,600 31600 31600
3,800 3,800 3,800 3,800 3,800 3,800 3,800 45,600 45,600 45,600
1,200 1,200 1,200 1,200 1,200 1,200 1,200 14,400 14,400 14,400
18,750 18,750 18,750 18,750 18,750 18,750 18,750 225,000 225,000 225,000
55,000 55,000 5,000 5,000

1,429.18 1,429.18 1,429.18 1,429.18 1,429.18 1,429.18 1,429.18 17,150.16 17,150 17,150
616.66 616.66 616.66 616.66 616.66 616.66 616.66 7,400 7,400 7,400
1,711.11 1,711.11 1,711.11 1,711.11 1,711.11 1,711.11 1,711.11 20,533.32 20,533 20,533
3,756.95 3,756.95 3,756.95 3,756.95 3,756.95 3,756.95 3,756.95 45,083.48 45,083.48 45,083.48
30,298 28,007 28,007 30,298 28,007 28,007 116,898 431,847 381,847 381,847
29,702 15,993 8,993 -1,298 18,993 2,993 -42,898 -23,847 113,153 208,153
33,945.90 62,446
79,207 145,707
4th Year 5th Year
3,695,000 4,355,000
2,956,000 3,484,000
739,000 871,000

9164 9164
6000 6000
31600 31600
45,600 45,600
14,400 14,400
225,000 225,000
5,000 5,000

17,150 17,150
7,400 7,400
20,533 20,533
45,083.48 45,083.48
381,847 381,847
357,153 489,153
107,145.90 146,745.90
250,007 342,407
1st Year 2nd Year
Assets
Current Asset
Cash on hand 142,487.00 290,624.48
Office Supplies 7,000 7,000
Event Supplies 31,600 31,600
Total Current Assets 181,087.00 329,224.48
Non-Current Assets
Office Equipment 74,898.84 57,748.84
Office Furnitures and fixtures 39,100 31,700
Equipment and tools 131,067 110534
Total Non-current Asset 245,065.84 199,982.84
Total Asset 426,152.84 529,207.32

Liabilities and Equity


Liabilities
Equity
Capital 450,000 450,000
Retained Earnings -23,847 79,207
Total Equity
Total Equiy and Liabilities 426,153 529,207
3rd Year 4th Year 5th Year

402,207.96 551,591.44 689,074.92


7,000 7,000 7,000
31,600 31,600 31,600
440,807.96 590,191.44 727,674.92

40,598.84 23,448.84 6,298.84


24300 16900 9500
90,001 69468 48,935
154,899.84 109,816.84 64,733.84
595,707.80 700,008.28 792,408.76

450,000 450,000 450,000


145,707 250,007 342,407

595,707 700,007 792,407


Cash Flow
Cash Flow from Operating Activities
Net Income -23847 79207 145707
Depreciation 45,083.48 45,083.48 45,083.48
Dividend Payments 23,847.00 -79207
Net Cash Flows from Operating Activities
21236.48 148,137.48 111,583.48
Cash Flows from Investment Activities
Payment for Purchase Office Equipment 92,049
Payment for Purchase Office Furniture and Fixtures 46,500
Payment for Purchase of Equipment and tools 151,600
Payment for Purchase of Event Supplie 31,600
Payment for Purchase of Supplies 7,000
Net Cash Used in Investing Activities -328749

Cash Flow from Financing Activities


Investment from Proprietor 450,000
Net Cash Flow provided by Financing Activities

Net Increase(Decrease) In Cash 142,487 148,137.48 111,583.48


Cash Balance, Beginning - 142487 290,624.48
Cash Balance, Ending 142,487 290,624.48 402,207.96
250007 342407
45,083.48 45,083.48
-145707 -250007

149,383.48 137,483.48

149,383.48 137,483.48
402,207.96 551,591.44
551,591.44 689,074.92