TRUST BACKET

Projected Statement of Financial Position

For the Year ended 2018-2022

Notes 2018 2019

Current Assets
Cash 1,051,210.50 1,478,916.79
Total Current Assets 1,051,210.50 1,478,916.79

Noncurrent Assets
Tools and Equipments 1 63,814.00 63,814.00
Accumulated
Depreciation - Tools and
Equipments (1,933.33) (7,733.33)
Furnitures and Fixtures 2 94,105.00 94,105.00
Accumulated
Depreciation - Furnitures
and Fixtures (6,273.67) (25,094.67)
Office Equipment 3 256,853.00 256,853.00
Accumulated
Depreciation - Office
Equipment (17,123.53) (68,494.13)
Total Noncurrent Assets 389,441.47 313,449.87

Total Asset 1,440,651.97 1,792,366.66

Liabilities
Utilities Payable 4 19,650.00 20,632.50
SSS Payable 5 5,104.50 5,104.50
PHIC Payable 6 1,986.95 1,986.95
PAGIBIG Payable 7 1,000.00 1,000.00
VAT Payable 8 135,729.95 450,111.78
Total Current Liabilities 163,471.40 478,835.72

Partner's Equity
De Vera, Capital 425,726.86 437,843.64
Gidor, Capital 425,726.86 437,843.64
Mallanao, Capital 425,726.86 437,843.64
Total Equity 1,277,180.57 1,313,530.93

Total Liabilities and Equity 1,440,651.97 1,792,366.66

Balance - -
ACKET
f Financial Position
ed 2018-2022

2020 2021 2022

1,648,714.98 1,833,565.26 2,035,148.38

1,648,714.98 1,833,565.26 2,035,148.38

63,814.00 63,814.00 63,814.00

(13,533.33) (19,333.33) (25,133.33)

94,105.00 94,105.00 94,105.00

(43,915.67) (62,736.67) (81,557.67)

256,853.00 256,853.00 256,853.00

(119,864.73) (171,235.33) (222,605.93)

237,458.27 161,466.67 85,475.07

1,886,173.25 1,995,031.92 2,120,623.45

21,664.13 22,747.33 23,884.70

5,104.50 5,104.50 5,104.50
1,986.95 1,986.95 1,986.95
1,000.00 1,000.00 1,000.00
497,581.73 550,026.07 607,942.25
527,337.30 580,864.85 639,918.40

452,945.32 471,389.02 493,568.35

452,945.32 471,389.02 493,568.35
452,945.32 471,389.02 493,568.35
1,358,835.95 1,414,167.07 1,480,705.05

1,886,173.25 1,995,031.92 2,120,623.45

- - -
 TRUST BACKET
Projected Statement of Comprehensive Income
For the Year 2018-2022

Notes 2018 2019 2020

Sales 9 3,569,197.90 11,836,282.46 13,084,567.38
Less: Cost of Goods Sold 10 2,827,934.82 9,339,418.41 10,284,803.66
Gross Profit 741,263.08 2,496,864.05 2,799,763.73

Expenses
Pre-Operating Expenses 11 25,851.00 - -
Salaries Expense 12 446,412.80 1,479,098.40 1,632,944.40
13th Month Pay 13 36,126.33 158,955.83 174,851.41
Utilities Expense 27,200.00 85,680.00 89,964.00
Supplies Expense 8,640.00 9,504.00 10,454.40
Depreciation Expense 14 23,397.20 70,191.60 70,191.60
SSS 43,850.00 131,550.00 131,550.00
Philhealth 7,947.79 23,843.37 23,843.37
Pag-ibig 4,000.00 12,000.00 12,000.00
Taxes & Licenses 7,580.00 6,750.00 6,750.00
Total Expenses 631,005.12 1,977,573.20 2,152,549.19

Net Income Before Tax 110,257.96 519,290.85 647,214.54

Less: Income Tax 33,077.39 155,787.25 194,164.36
Net Income After Tax 77,180.57 363,503.59 453,050.18
ncome

2021 2022
14,463,660.60 15,986,642.95
11,328,407.45 12,480,031.41
3,135,253.15 3,506,611.54

- -
1,802,175.00 1,988,328.66
192,336.55 211,570.21
94,462.20 99,185.31
11,499.84 12,649.82 504.90
70,191.60 70,191.60 252.45
131,550.00 131,550.00
23,843.37 23,843.37
12,000.00 12,000.00
6,750.00 6,750.00
2,344,808.57 2,556,068.98

790,444.58 950,542.56
237,133.37 285,162.77
553,311.21 665,379.79
 TRUST BACKET
Projected Statement of Cash Flow
For the Year 2018-2022

2018 2019
Operating Activities
Net Income Before Tax 110,257.96 519,290.85
Depreciation Expense 25,330.53 75,991.60
Increase in Utilities Payable 19,650.00 982.50
Increase in SSS Payable 5,104.50 -
Increase in PHIC Payable 1,986.95 -
Increase in PAGIBIG Payable 1,000.00 -
Increase in VAT Payable 135,729.95 314,381.83
Income Tax Paid (33,077.39) (155,787.25)
Cash Provided by Operating Activities 265,982.50 754,859.52

Financing Activities
De Vera, Capital 400,000.00 -
Gidor, Capital 400,000.00 -
Mallanao, Capital 400,000.00 -
De Vera, Withdrawals - (109,051.08)
Gidor, Withdrawals - (109,051.08)
Mallanao, Withdrawals - (109,051.08)
Cash Provided by Financing Activities 1,200,000.00 (327,153.23)

Investing Activities
Purchase of Tools and Equipments (63,814.00) -
Purchase of Furnitures and Fixtures (94,105.00) -
Purchase of Office Equipment (256,853.00) -
Cash Provided by Investing Activities (414,772.00) -

Increase in Cash 1,051,210.50 427,706.29

Add: Cash Balance, Beg - 1,051,210.50
Cash Balance, End 1,051,210.50 1,478,916.79
ST BACKET
ement of Cash Flow
ear 2018-2022

2020 2021 2022

647,214.54 790,444.58 950,542.56

75,991.60 75,991.60 75,991.60
1,031.63 1,083.21 1,137.37
- - -
- - -
- - -
47,469.95 52,444.35 57,916.18
(194,164.36) (237,133.37) (285,162.77)
577,543.35 682,830.36 800,424.94

- - -
- - -
- - -
(135,915.05) (165,993.36) (199,613.94)
(135,915.05) (165,993.36) (199,613.94)
(135,915.05) (165,993.36) (199,613.94)
(407,745.16) (497,980.09) (598,841.81)

- - -
- - -
- - -
- - -

169,798.19 184,850.27 201,583.13

1,478,916.79 1,648,714.98 1,833,565.26
1,648,714.98 1,833,565.26 2,035,148.38
 TRUST BACKET
Projected Statement of Changes in Partner's Equity
For the Years Ended Dec 31, 2018-2022

De Vera, Capital Girdo, Capital Mallanao, Capital

1/3 1/3 1/3
2018
Investment 400,000.00 400,000.00 400,000.00
Add: Share in Net Income 25,726.86 25,726.86 25,726.86
Less Withdrawal - - -
Total Capital 425,726.86 425,726.86 425,726.86

2019
Beginning Capital 425,726.86 425,726.86 425,726.86
Add: Share in Net Income 121,167.86 121,167.86 121,167.86
Less Withdrawal 109,051.08 109,051.08 109,051.08
Total Capital 437,843.64 437,843.64 437,843.64

2020
Beginning Capital 437,843.64 437,843.64 437,843.64
Add: Share in Net Income 151,016.73 151,016.73 151,016.73
Less Withdrawal 135,915.05 135,915.05 135,915.05
Total Capital 452,945.32 452,945.32 452,945.32

2021
Beginning Capital 452,945.32 452,945.32 452,945.32
Add: Share in Net Income 184,437.07 184,437.07 184,437.07
Less Withdrawal 165,993.36 165,993.36 165,993.36
Total Capital 471,389.02 471,389.02 471,389.02

2022
Beginning Capital 471,389.02 471,389.02 471,389.02
Add: Share in Net Income 221,793.26 221,793.26 221,793.26
Less Withdrawal 199,613.94 199,613.94 199,613.94
Total Capital 493,568.35 493,568.35 493,568.35
Total

1,200,000.00
77,180.57
-
1,277,180.57

1,277,180.57
363,503.59
327,153.23
1,313,530.93

1,313,530.93
453,050.18
407,745.16
1,358,835.95

1,358,835.95
553,311.21
497,980.09
1,414,167.07

1,414,167.07
665,379.79
598,841.81
1,480,705.05
Short-term Solvency
2018 2019

1. Current Ratio = Total Current Assets 1,051,210.50 1,478,916.79

Total Current Liabilities 163,471.40 478,835.72
6.43 3.09

2. Working Capital = Current Assets 1,051,210.50 1,478,916.79

Less : Current Liabilities 163,471.40 478,835.72
887,739.11 1,000,081.07

3. Working Capital to Total Working Capital 887,739.11 1,000,081.07

Total Assets 1,440,651.97 1,792,366.66
62% 56%

Asset Management Efficiency

2018 2019

1. Return on Equity = Net Income 77,180.57 363,503.59

Average Equity 1,277,180.57 1,313,530.93
0.06 0.28

2. Return on Investment = Net Income 77,180.57 363,503.59

Average Total Assets 1,440,651.97 1,792,366.66
0.05 0.20

3. Gross Profit Ratio = Gross Profit 741,263.08 2,496,864.05

Net Sales 3,569,197.90 11,836,282.46
21% 21%

4. Net Profit Ratio = Net Income After Tax 77,180.57 363,503.59

Net Sales 3,569,197.90 11,836,282.46
2% 3%

Financial Leverage
2018 2019

1. Debt Ratio = Total Liabilities 163,471.40 478,835.72

Total Assets 1,440,651.97 1,792,366.66
11% 27%

2. Debt to Equity Ratio = Total Liabilities 163,471.40 478,835.72

Total Equity 1,277,180.57 1,313,530.93
13% 36%
 2020 2021 2022

1,648,714.98 1,833,565.26 2,035,148.38

527,337.30 580,864.85 639,918.40
3.13 3.16 3.18

1,648,714.98 1,833,565.26 2,035,148.38

527,337.30 580,864.85 639,918.40
1,121,377.68 1,252,700.41 1,395,229.98

1,121,377.68 1,252,700.41 1,395,229.98

1,886,173.25 1,995,031.92 2,120,623.45
59% 63% 66%

2020 2021 2022

453,050.18 553,311.21 665,379.79

1,358,835.95 1,414,167.07 1,480,705.05
0.33 0.39 0.45

453,050.18 553,311.21 665,379.79

1,886,173.25 1,995,031.92 2,120,623.45
0.24 0.28 0.31

2,799,763.73 3,135,253.15 3,506,611.54

13,084,567.38 14,463,660.60 15,986,642.95
21% 22% 22%

453,050.18 553,311.21 665,379.79

13,084,567.38 14,463,660.60 15,986,642.95
3% 4% 4%

2020 2021 2022

527,337.30 580,864.85 639,918.40

1,886,173.25 1,995,031.92 2,120,623.45
28% 29% 30%

527,337.30 580,864.85 639,918.40

1,358,835.95 1,414,167.07 1,480,705.05
39% 41% 43%
Note 1 - Tools and Equipment
Quantity Cost Total EUL in Years

Tools
Machine Feet 5 450.00 2,250.00
Scissors 4 53.50 214.00
Tape Measure 4 25.00 100.00
Rotary Cutter 2 360.00 720.00
Ring Stretcher 1 2,530.00 2,530.00
Total 5,814.00

Equipments
High Speed Sewing Machine 2 15,000.00 30,000.00 10
Embroidery Sewing Machine 1 18,000.00 18,000.00 10
Heat Press Machine 1 10,000.00 10,000.00 10
Total 58,000.00
 Yearly
Depreciation

3,000.00
1,800.00
1,000.00
5,800.00
Note 2 - Furnitures and Fixtures
EUL in
Quantity Cost Total Years
Furnitures and Fixtures
Garbage Can Storage Shed 1 1,030.00 1,030.00 5
Big Long Table 1 1,500.00 1,500.00 5
Small Table 2 650.00 1,300.00 5
Mono Block Chair 12 350.00 4,200.00 5
Open Cabinet 3 2,045.00 6,135.00 5
Close Cabinet 1 3,500.00 3,500.00 5
Supply Rack 6 1,930.00 11,580.00 5
Wooden Chair 2 895.00 1,790.00 5
Computer Rack 3 1,200.00 3,600.00 5
Employee's Locker 1 1,250.00 1,250.00 5
Display Table 2 925.00 1,850.00 5
Round Rack Display 1 1,150.00 1,150.00 5
Display Rack 6 790.00 4,740.00 5
Cashier's Table 1 4,500.00 4,500.00 5
Sofa 3 5,560.00 16,680.00 5
Computer Chair 3 3,050.00 9,150.00 5
Executive Table 3 2,510.00 7,530.00 5
Metal Filing Cabinets 1 1,500.00 1,500.00 5
Mosaic Painting 1 1,940.00 1,940.00 5
Baymax Portrait Painting 1 1,890.00 1,890.00 5
Cat Portrait Painting 1 1,680.00 1,680.00 5
Artificial Plant 2 1,230.00 2,460.00 5
Organizational Chart 3 500.00 1,500.00 5
Vison 3 250.00 750.00 5
Mision 3 250.00 750.00 5
Trash Can 1 150.00 150.00 5
Total 94,105.00
 Yearly
Depreciation

206.00
300.00
260.00
840.00
1,227.00
700.00
2,316.00
358.00
720.00
250.00
370.00
230.00
948.00
900.00
3,336.00
1,830.00
1,506.00
300.00
388.00
378.00
336.00
492.00
300.00
150.00
150.00
30.00
18,821.00
Note 3 - Office Equipment
EUL in
Quantity Cost Total Years
Office Equipment
Industrial Fan 1 4,000.00 4,000.00 5
Industrial Ceiling Fan 2 2,600.00 5,200.00 5
Industrial Aircon 2 15,000.00 30,000.00 5
Computer 4 29,820.00 119,280.00 5
Printer 1 2,950.00 2,950.00 5
Water Dispenser 2 2,300.00 4,600.00 5
Coffee Maker 1 1,500.00 1,500.00 5
Emergency Light 5 1,250.00 6,250.00 5
Fire Extinguisher 4 900.00 3,600.00 5
CCTV Camera 1 10,000.00 10,000.00 5
Bundy Clock 2 7,800.00 15,600.00 5
Fire Alarm 1 25,650.00 25,650.00 5
Industrial Exchaust Fan 1 4,500.00 4,500.00 5
Refrigirator 1 17,499.00 17,499.00 5
Microwave 1 2,999.00 2,999.00 5
Photocopying Machine 1 3,225.00 3,225.00 5
Total 256,853.00
 Yearly
Depreciation

800.00
1,040.00
6,000.00
23,856.00
590.00
920.00
300.00
1,250.00
720.00
2,000.00
3,120.00
5,130.00
900.00
3,499.80
599.80
645.00
51,370.60
Note 4 - Utilities Payable
2018 2019 2020 2021

Electricity 14,000.00 14,700.00 15,435.00 16,206.75

Water 550.00 577.50 606.38 636.69
Telecom 2,600.00 2,730.00 2,866.50 3,009.83
Gasoline 2,500.00 2,625.00 2,756.25 2,894.06
Total 19,650.00 20,632.50 21,664.13 22,747.33
 2022

17,017.09
668.53
3,160.32
3,038.77
23,884.70
Note 5 - SSS Contribution Basic Salary EE ER EC
(Payable)

General/Marketing Manager 18,360.00 581.30 1,178.70 30.00

Financial/Human Resource Manager 17,160.00 581.30 1,178.70 30.00
Production Head/Designer 16,633.30 581.30 1,178.70 30.00
Sewer 1 11,544.00 417.80 847.20 10.00
Sewer 2 11,544.00 417.80 1,068.20 10.00
Cutter 11,544.00 417.80 1,068.20 10.00
Sales Lady/Man 1 14,430.00 526.80 1,078.20 10.00
Sales Lady/Man 2 14,430.00 526.80 1,068.20 10.00
Cashier 1 14,430.00 526.80 1,068.20 10.00
Cashier 2 14,430.00 526.80 1,068.20 10.00
Total 144,505.30 5,104.50 10,802.50 160.00
 Total
Total ER Contribution
(Expense)

1,208.70 1,790.00
1,208.70 1,790.00
1,208.70 1,790.00
857.20 1,275.00
1,078.20 1,496.00
1,078.20 1,496.00
1,088.20 1,615.00
1,078.20 1,605.00
1,078.20 1,605.00
1,078.20 1,605.00
10,962.50 16,067.00
 Total
Note 6 - PHIC Contribution Basic Salary EE ER Contribution
(Payable) (Expense)

General/Marketing Manager 18,360.00 252.45 252.45 504.90

Financial/Human Resource Manager 17,160.00 235.95 235.95 471.90
Production Head/Designer 16,633.30 228.71 228.71 457.42
Sewer 1 11,544.00 158.73 158.73 317.46
Sewer 2 11,544.00 158.73 158.73 317.46
Cutter 11,544.00 158.73 158.73 317.46
Sales Lady/Man 1 14,430.00 198.41 198.41 396.83
Sales Lady/Man 2 14,430.00 198.41 198.41 396.83
Cashier 1 14,430.00 198.41 198.41 396.83
Cashier 2 14,430.00 198.41 198.41 396.83
Total 144,505.30 1,986.95 1,986.95 3,973.90
Note 7 - Pag-ibig Payable
Number of Employees Contribution Total(Payable) Months

2018 10 100 1,000.00 4

2019 10 100 1,000.00 12
2020 10 100 1,000.00 12
2021 10 100 1,000.00 12
2022 10 100 1,000.00 12
Total(Expense)

4,000.00
12,000.00
12,000.00
12,000.00
12,000.00
Note 8 - VAT Paybale
2018 2019 2020

Purchases 2,438,115.00 8,085,351.00 8,938,053.00

x VAT Rate 0.12 0.12 0.12
Input Vat 292,573.80 970,242.12 1,072,566.36

Sales 3,569,197.90 11,836,282.46 13,084,567.38

x VAT Rate 0.12 0.12 0.12
Output VAT 428,303.75 1,420,353.90 1,570,148.09

Total VAT Paybale 135,729.95 450,111.78 497,581.73

 2021 2022

9,880,110.00 10,920,457.50
0.12 0.12
1,185,613.20 1,310,454.90

14,463,660.60 15,986,642.95
0.12 0.12
1,735,639.27 1,918,397.15

550,026.07 607,942.25
Note 9 - Sales
2018 2019 2020 2021

Units Sold 1,910 6,334 7,002 7,740

Selling Price 1,868.69 1,868.69 1,868.69 1,868.69
Total Sales 3,569,197.90 11,836,282.46 13,084,567.38 14,463,660.60
 2022

8,555
1,868.69
15,986,642.95
Note 10 - Cost of Goods Sold and Manufactured
2018 2019

Total Units Produced 1,910 6,334

Direct Materials
Zipper 57,300.00 190,020.00
Polyester Lining 687,600.00 2,280,240.00
Velcro 22,920.00 76,008.00
Plain strap 47,750.00 158,350.00
Buckles 11,460.00 38,004.00
Shoulder Padding 114,600.00 380,040.00
Elbow Padding 114,600.00 380,040.00
Water Repellent fabric 993,200.00 3,293,680.00
Back padding 305,600.00 1,013,440.00
String 11,460.00 38,004.00
Logo 71,625.00 237,525.00
Total 2,438,115.00 8,085,351.00

Direct Labor 173,280.00 571,788.00

Overhead
Factory Rent 80,000.00 240,000.00
Factory Utility 51,400.00 161,910.00
Depreciation - Tools and Machinery 1,933.32 5,799.96
Operations Manager Salary 83,206.50 274,569.45
Total 216,539.82 682,279.41

Total COGS 2,827,934.82 9,339,418.41

 2020 2021 2022

7,002 7,740 8,555

210,060.00 232,200.00 256,650.00

2,520,720.00 2,786,400.00 3,079,800.00
84,024.00 92,880.00 102,660.00
175,050.00 193,500.00 213,875.00
42,012.00 46,440.00 51,330.00
420,120.00 464,400.00 513,300.00
420,120.00 464,400.00 513,300.00
3,641,040.00 4,024,800.00 4,448,600.00
1,120,320.00 1,238,400.00 1,368,800.00
42,012.00 46,440.00 51,330.00
262,575.00 290,250.00 320,812.50
8,938,053.00 9,880,110.00 10,920,457.50

628,930.80 691,787.88 760,930.67

240,000.00 240,000.00 240,000.00

170,005.50 178,505.78 187,431.06
5,799.96 5,799.96 5,799.96
302,014.40 332,203.83 365,412.22
717,819.86 756,509.57 798,643.24

10,284,803.66 11,328,407.45 12,480,031.41

 Projected Monthly Production Cost

Direct Materials
Unit Cost Total Cost

Zipper 30.00 12,960.00

Polyester Lining 360.00 155,250.00
Velcro 12.00 5,184.00
Plain strap 25.00 10,800.00
Buckles 6.00 2,592.00
Shoulder Padding 60.00 25,920.00
Elbow Padding 60.00 25,920.00
Water Repellent fabric 520.00 224,640.00
Back padding 160.00 69,120.00
String 6.00 2,592.00
Logo 37.50 16,200.00
Total 1,276.50 551,178.00

Direct Labor
Sewer 1 11,544.00
Sewer 2 11,544.00
Cutter 11,544.00
Total Direct Labor 34,632.00

Overhead
Factory Rent 20,000.00
Factory Utility 12,850.00
Depreciation - Tools and Machinery 483.33
Operations Manager Salary 16,633.30
49,966.63
Note 11 - Pre-Operating Expenses

Renovation Costs
Materials 18,351.00
Labor 7,500.00
Total Pre-Operating Expenses 25,851.00
Note 12 - Salary Expenses
Payroll - Monthly 2018
Overtime
Employee Basic Salary E-COLA
Pay
General/Marketing Manager 18,360.00 4,590.00 10.00
Financial/Human Resource Manager 17,160.00 4,290.00 10.00
Sales Lady/Man 1 14,430.00 3,607.50 10.00
Sales Lady/Man 2 14,430.00 3,607.50 10.00
Cashier 1 14,430.00 3,607.50 10.00
Cashier 2 14,430.00 3,607.50 10.00
Total Employee Operating Expenses 93,240.00 23,310.00 60.00

Payroll - Monthly 2019

Overtime
Employee Basic Salary E-COLA
Pay
General/Marketing Manager 20,196.00 5,049.00 10.00
Financial/Human Resource Manager 18,876.00 4,719.00 10.00
Sales Lady/Man 1 15,873.00 3,968.25 10.00
Sales Lady/Man 2 15,873.00 3,968.25 10.00
Cashier 1 15,873.00 3,968.25 10.00
Cashier 2 15,873.00 3,968.25 10.00
Total Employee Operating Expenses 102,564.00 25,641.00 60.00

Payroll - Monthly 2020

Overtime
Employee Basic Salary E-COLA
Pay
General/Marketing Manager 22,215.60 5,553.90 10.00
Financial/Human Resource Manager 20,763.60 5,190.90 10.00
Sales Lady/Man 1 17,460.30 4,365.08 10.00
Sales Lady/Man 2 17,460.30 4,365.08 10.00
Cashier 1 17,460.30 4,365.08 10.00
Cashier 2 17,460.30 4,365.08 10.00
Total Employee Operating Expenses 112,820.40 28,205.10 60.00

Payroll - Monthly 2021

Overtime
Employee Basic Salary E-COLA
Pay
General/Marketing Manager 24,437.16 6,109.29 10.00
Financial/Human Resource Manager 22,839.96 5,709.99 10.00
Sales Lady/Man 1 19,206.33 4,801.58 10.00
Sales Lady/Man 2 19,206.33 4,801.58 10.00
Cashier 1 19,206.33 4,801.58 10.00
Cashier 2 19,206.33 4,801.58 10.00
Total Employee Operating Expenses 124,102.44 31,025.61 60.00

Payroll - Monthly 2022

Overtime
Employee Basic Salary E-COLA
Pay
General/Marketing Manager 26,880.88 6,720.22 10.00
Financial/Human Resource Manager 25,123.96 6,280.99 10.00
Sales Lady/Man 1 21,126.96 5,281.74 10.00
Sales Lady/Man 2 21,126.96 5,281.74 10.00
Cashier 1 21,126.96 5,281.74 10.00
Cashier 2 21,126.96 5,281.74 10.00
Total Employee Operating Expenses 136,512.68 34,128.17 60.00
 Philhealh Pag-ibig
SSS Contribution Total
Contribution Contribution
581.30 225.00 100.00 22,053.70
581.30 212.00 100.00 20,566.70
526.80 175.00 100.00 17,245.70
526.80 175.00 100.00 17,245.70
526.80 175.00 100.00 17,245.70
526.80 175.00 100.00 17,245.70
3,269.80 1,137.00 600.00 111,603.20

Philhealh Pag-ibig
SSS Contribution Total
Contribution Contribution
581.30 225.00 100.00 24,348.70
581.30 212.00 100.00 22,711.70
526.80 175.00 100.00 19,049.45
526.80 175.00 100.00 19,049.45
526.80 175.00 100.00 19,049.45
526.80 175.00 100.00 19,049.45
3,269.80 1,137.00 600.00 123,258.20

Philhealh Pag-ibig
SSS Contribution Total
Contribution Contribution
581.30 225.00 100.00 26,873.20
581.30 212.00 100.00 25,071.20
526.80 175.00 100.00 21,033.58
526.80 175.00 100.00 21,033.58
526.80 175.00 100.00 21,033.58
526.80 175.00 100.00 21,033.58
3,269.80 1,137.00 600.00 136,078.70

Philhealh Pag-ibig
SSS Contribution Total
Contribution Contribution
581.30 225.00 100.00 29,650.15
581.30 212.00 100.00 27,666.65
526.80 175.00 100.00 23,216.11
526.80 175.00 100.00 23,216.11
526.80 175.00 100.00 23,216.11
526.80 175.00 100.00 23,216.11
 3,269.80 1,137.00 600.00 150,181.25

Philhealh Pag-ibig
SSS Contribution Total
Contribution Contribution
581.30 225.00 100.00 32,704.80
581.30 212.00 100.00 30,521.65
526.80 175.00 100.00 25,616.90
526.80 175.00 100.00 25,616.90
526.80 175.00 100.00 25,616.90
526.80 175.00 100.00 25,616.90
3,269.80 1,137.00 600.00 165,694.06
 2018 2019 2020
Note 13 - 13th Month Pay Basic Salary Basic Salary Basic Salary

General/Marketing Manager 18,360.00 20,196.00 22,215.60

Financial/Human Resource Manager 17,160.00 18,876.00 20,763.60
Production Head/Designer 16,633.30 18,296.63 20,126.29
Sewer 1 11,544.00 12,698.40 13,968.24
Sewer 2 11,544.00 12,698.40 13,968.24
Cutter 11,544.00 12,698.40 13,968.24
Sales Lady/Man 1 14,430.00 15,873.00 17,460.30
Sales Lady/Man 2 14,430.00 15,873.00 17,460.30
Cashier 1 14,430.00 15,873.00 17,460.30
Cashier 2 14,430.00 15,873.00 17,460.30
Total 144,505.30 158,955.83 174,851.41
 2021 2022
Basic Salary Basic Salary

24,437.16 26,880.88
22,839.96 25,123.96
22,138.92 24,352.81
15,365.06 16,901.57
15,365.06 16,901.57
15,365.06 16,901.57
19,206.33 21,126.96
19,206.33 21,126.96
19,206.33 21,126.96
19,206.33 21,126.96
192,336.55 211,570.21
Note 14 - Depreciation Exp 2018 2019 2020 2021

Equipment 1,933.33 5,800.00 5,800.00 5,800.00

Charged to Production 1,933.33 5,800.00 5,800.00 5,800.00

Office Equipment 17,123.53 51,370.60 51,370.60 51,370.60

Furnitures and Fixtures 6,273.67 18,821.00 18,821.00 18,821.00
Charged to Operating Expenses 23,397.20 70,191.60 70,191.60 70,191.60

Total 25,330.53 75,991.60 75,991.60 75,991.60

 2022

5,800.00
5,800.00

51,370.60
18,821.00
70,191.60

75,991.60
 TRUST BACKET
Depreciation Schedule

Quantity Cost Total EUL in Years

Equipments
High Speed Sewing Machine 2 15,000.00 30,000.00 10
Embroidery Sewing Machine 1 18,000.00 18,000.00 10
Heat Press Machine 1 10,000.00 10,000.00 10
Total 58,000.00

Office Equipment
Industrial Fan 1 4,000.00 4,000.00 5
Industrial Ceiling Fan 2 2,600.00 5,200.00 5
Industrial Aircon 2 15,000.00 30,000.00 5
Computer 4 29,820.00 119,280.00 5
Printer 1 2,950.00 2,950.00 5
Water Dispenser 2 2,300.00 4,600.00 5
Coffee Maker 1 1,500.00 1,500.00 5
Emergency Light 5 1,250.00 6,250.00 5
Fire Extinguisher 4 900.00 3,600.00 5
CCTV Camera 1 10,000.00 10,000.00 5
Bundy Clock 2 7,800.00 15,600.00 5
Fire Alarm 1 25,650.00 25,650.00 5
Industrial Exchaust Fan 1 4,500.00 4,500.00 5
Refrigirator 1 17,499.00 17,499.00 5
Microwave 1 2,999.00 2,999.00 5
Photocopying Machine 1 3,225.00 3,225.00 5
Total 256,853.00

Furnitures and Fixtures

Garbage Can Storage Shed 1 1,030.00 1,030.00 5
Big Long Table 1 1,500.00 1,500.00 5
Small Table 2 650.00 1,300.00 5
Mono Block Chair 12 350.00 4,200.00 5
Open Cabinet 3 2,045.00 6,135.00 5
Close Cabinet 1 3,500.00 3,500.00 5
Supply Rack 6 1,930.00 11,580.00 5
Wooden Chair 2 895.00 1,790.00 5
Computer Rack 3 1,200.00 3,600.00 5
Employee's Locker 1 1,250.00 1,250.00 5
Display Table 2 925.00 1,850.00 5
Round Rack Display 1 1,150.00 1,150.00 5
Display Rack 6 790.00 4,740.00 5
Cashier's Table 1 4,500.00 4,500.00 5
Sofa 3 5,560.00 16,680.00 5
Computer Chair 3 3,050.00 9,150.00 5
Executive Table 3 2,510.00 7,530.00 5
Metal Filing Cabinets 1 1,500.00 1,500.00 5
Mosaic Painting 1 1,940.00 1,940.00 5
Baymax Portrait Painting 1 1,890.00 1,890.00 5
Cat Portrait Painting 1 1,680.00 1,680.00 5
Artificial Plant 2 1,230.00 2,460.00 5
Organizational Chart 3 500.00 1,500.00 5
Vison 3 250.00 750.00 5
Mision 3 250.00 750.00 5
Trash Can 1 150.00 150.00 5
Total 94,105.00
 Yearly
Depreciation

3,000.00
1,800.00
1,000.00
5,800.00

800.00
1,040.00
6,000.00
23,856.00
590.00
920.00
300.00
1,250.00
720.00
2,000.00
3,120.00
5,130.00
900.00
3,499.80
599.80
645.00
51,370.60

206.00
300.00
260.00
840.00
1,227.00
700.00
2,316.00
358.00
720.00
250.00
370.00
230.00
948.00
900.00
3,336.00
 1,830.00
1,506.00
300.00
388.00
378.00
336.00
492.00
300.00
150.00
150.00
30.00
18,821.00
 TRUST BACKET
Payroll Schedule
Payroll - Monthly 2018
Overtime
Employee Basic Salary E-COLA
Pay
Direct Costs
Production Head/Designer 16,633.30 4,158.33 10.00
Sewer 1 11,544.00 2,886.00 10.00
Sewer 2 11,544.00 2,886.00 10.00
Cutter 11,544.00 2,886.00 10.00
Total Employee Direct Cost 51,265.30 12,816.33 40.00

Operating Expenses
General/Marketing Manager 18,360.00 4,590.00 10.00
Financial/Human Resource Manager 17,160.00 4,290.00 10.00
Sales Lady/Man 1 14,430.00 3,607.50 10.00
Sales Lady/Man 2 14,430.00 3,607.50 10.00
Cashier 1 14,430.00 3,607.50 10.00
Cashier 2 14,430.00 3,607.50 10.00
Total Employee Operating Expenses 93,240.00 23,310.00 60.00

Payroll - Monthly 2019

Overtime
Employee Basic Salary E-COLA
Pay
Direct Costs
Production Head/Designer 18,296.63 4,574.16 10.00
Sewer 1 12,698.40 3,174.60 10.00
Sewer 2 12,698.40 3,174.60 10.00
Cutter 12,698.40 3,174.60 10.00
Total Employee Direct Cost 56,391.83 14,097.96 40.00

Operating Expenses
General/Marketing Manager 20,196.00 5,049.00 10.00
Financial/Human Resource Manager 18,876.00 4,719.00 10.00
Sales Lady/Man 1 15,873.00 3,968.25 10.00
Sales Lady/Man 2 15,873.00 3,968.25 10.00
Cashier 1 15,873.00 3,968.25 10.00
Cashier 2 15,873.00 3,968.25 10.00
Total Employee Operating Expenses 102,564.00 25,641.00 60.00

Payroll - Monthly 2020

Overtime
Employee Basic Salary E-COLA
Pay
Direct Costs
Production Head/Designer 20,126.29 5,031.57 10.00
Sewer 1 13,968.24 3,492.06 10.00
Sewer 2 13,968.24 3,492.06 10.00
Cutter 13,968.24 3,492.06 10.00
Total Employee Direct Cost 62,031.01 15,507.75 40.00

Operating Expenses
General/Marketing Manager 22,215.60 5,553.90 10.00
Financial/Human Resource Manager 20,763.60 5,190.90 10.00
Sales Lady/Man 1 17,460.30 4,365.08 10.00
Sales Lady/Man 2 17,460.30 4,365.08 10.00
Cashier 1 17,460.30 4,365.08 10.00
Cashier 2 17,460.30 4,365.08 10.00
Total Employee Operating Expenses 112,820.40 28,205.10 60.00

Payroll - Monthly 2021

Overtime
Employee Basic Salary E-COLA
Pay
Direct Costs
Production Head/Designer 22,138.92 5,534.73 10.00
Sewer 1 15,365.06 3,841.27 10.00
Sewer 2 15,365.06 3,841.27 10.00
Cutter 15,365.06 3,841.27 10.00
Total Employee Direct Cost 68,234.11 17,058.53 40.00

Operating Expenses
General/Marketing Manager 24,437.16 6,109.29 10.00
Financial/Human Resource Manager 22,839.96 5,709.99 10.00
Sales Lady/Man 1 19,206.33 4,801.58 10.00
Sales Lady/Man 2 19,206.33 4,801.58 10.00
Cashier 1 19,206.33 4,801.58 10.00
Cashier 2 19,206.33 4,801.58 10.00
Total Employee Operating Expenses 124,102.44 31,025.61 60.00

Payroll - Monthly 2022

Overtime
Employee Basic Salary E-COLA
Pay
Direct Costs
Production Head/Designer 24,352.81 6,088.20 10.00
Sewer 1 16,901.57 4,225.39 10.00
Sewer 2 16,901.57 4,225.39 10.00
Cutter 16,901.57 4,225.39 10.00
Total Employee Direct Cost 75,057.53 18,764.38 40.00

Operating Expenses
General/Marketing Manager 26,880.88 6,720.22 10.00
Financial/Human Resource Manager 25,123.96 6,280.99 10.00
Sales Lady/Man 1 21,126.96 5,281.74 10.00
Sales Lady/Man 2 21,126.96 5,281.74 10.00
Cashier 1 21,126.96 5,281.74 10.00
Cashier 2 21,126.96 5,281.74 10.00
Total Employee Operating Expenses 136,512.68 34,128.17 60.00
 UST BACKET
yroll Schedule

Philhealh Pag-ibig
SSS Contribution Total
Contribution Contribution

581.30 200.00 100.00 19,920.33

526.80 175.00 100.00 13,638.20
526.80 175.00 100.00 13,638.20
526.80 175.00 100.00 13,638.20
2,161.70 725.00 400.00 60,834.93

-
581.30 225.00 100.00 22,053.70
581.30 212.00 100.00 20,566.70
526.80 175.00 100.00 17,245.70
526.80 175.00 100.00 17,245.70
526.80 175.00 100.00 17,245.70
526.80 175.00 100.00 17,245.70
3,269.80 1,137.00 600.00 111,603.20

Philhealh Pag-ibig
SSS Contribution Total
Contribution Contribution

581.30 200.00 100.00 21,999.49

526.80 175.00 100.00 15,081.20
526.80 175.00 100.00 15,081.20
526.80 175.00 100.00 15,081.20
2,161.70 725.00 400.00 67,243.09

-
581.30 225.00 100.00 24,348.70
581.30 212.00 100.00 22,711.70
526.80 175.00 100.00 19,049.45
526.80 175.00 100.00 19,049.45
526.80 175.00 100.00 19,049.45
526.80 175.00 100.00 19,049.45
3,269.80 1,137.00 600.00 123,258.20

Philhealh Pag-ibig
SSS Contribution Total
Contribution Contribution

581.30 200.00 100.00 24,286.57

 526.80 175.00 100.00 16,668.50
526.80 175.00 100.00 16,668.50
526.80 175.00 100.00 16,668.50
2,161.70 725.00 400.00 74,292.07

-
581.30 225.00 100.00 26,873.20
581.30 212.00 100.00 25,071.20
526.80 175.00 100.00 21,033.58
526.80 175.00 100.00 21,033.58
526.80 175.00 100.00 21,033.58
526.80 175.00 100.00 21,033.58
3,269.80 1,137.00 600.00 136,078.70

Philhealh Pag-ibig
SSS Contribution Total
Contribution Contribution

581.30 200.00 100.00 26,802.35

526.80 175.00 100.00 18,414.53
526.80 175.00 100.00 18,414.53
526.80 175.00 100.00 18,414.53
2,161.70 725.00 400.00 82,045.94

-
581.30 225.00 100.00 29,650.15
581.30 212.00 100.00 27,666.65
526.80 175.00 100.00 23,216.11
526.80 175.00 100.00 23,216.11
526.80 175.00 100.00 23,216.11
526.80 175.00 100.00 23,216.11
3,269.80 1,137.00 600.00 150,181.25

Philhealh Pag-ibig
SSS Contribution Total
Contribution Contribution

581.30 200.00 100.00 29,569.72

526.80 175.00 100.00 20,335.16
526.80 175.00 100.00 20,335.16
526.80 175.00 100.00 20,335.16
2,161.70 725.00 400.00 90,575.21

-
581.30 225.00 100.00 32,704.80
581.30 212.00 100.00 30,521.65
 526.80 175.00 100.00 25,616.90
526.80 175.00 100.00 25,616.90
526.80 175.00 100.00 25,616.90
526.80 175.00 100.00 25,616.90
3,269.80 1,137.00 600.00 165,694.06