Financial Plan

Monthly Sales
PITX-BAGUIO BAGUIO-PITX Total
Average No. of Tickets sold per trip A 45 45
No. of trips per month B 720 720 1440
Price per Ticket (PHP) C 1048 1048
Total sales per month

INSURANCE PER BUS

Fuel Costs 20,000 20,000
Fuel
Diesel/litre 10,000 10,000
Fuel/ trip litres 238 238
Plus lubricants

Item Assumption
Expense base 2019
Business days per week 7 days
Working days per month 30 days
Capital expenditure (CAPEX) 230,400,000.00
Working capital requirements 140,000,000.00
Interest rate 4%
Period of Debt 1 year
Expected yearly growth rate in revenue 10%
Inflation Rate 6.5%
Tax Rate 35%
Depreciation 20%
Capacity of Buses 1 x PITX-BAGUIO= 48
1 x BAGUIO-PITX= 48
Average No. of passenger(tickets sold) per trip PITX-BAGUIO= 45
BAGUIO-PITX=45
Number of trips day PITX-BAGUIO=24
BAGUIO-PITX=24
Number of trips month PITX-BAGUIO=720 trips per month
BAGUIO-PITX=720 trips per month
Number of trips year PITX-BAGUIO=254,160 trips per year
BAGUIO-PITX=245, 160 trips per year
Bus Fare per person per trip
PITX-BAGUIO PHP 1,048.00
BAGUIO-PITX PHP 1,048.00

Financial Requirements
Application Bank Loan Owner Contribution Total
24 x PITX-BAGUIO (24 Seats) 115,200,000.00 115,200,000.00
24 x BAGUIO-PITX (24 Seats) 115,200,000.00 115,200,000.00
Working capital requirements 100,000,000.00 40,000,000.00 140,000,000.00
Total 370,400,000.00

10.3 CASH FLOW PROJECTIONS

SOURCE OF CASH: YEAR 1 YEAR 2 YEAR 3
OPERATIONS DURING THE YEAR

Net income after taxes 725,100,000 797,610,000 877,371,000

Add items not decreasing cash
Depreciation 50,000,000 50,000,000 50,000,000
Increase in accounts payable

Deduct items not increasing cash

Increase in accounts receivable

Cash from operations

EXPENSES:
INSURANCE:

Type of Units Premium w/ Taxes

 Buses
 Provincial 2,180.00
 Metro Manila 1,780.00
 Jeepney 1,450.00
 AUV/UV Express 1,500.00
 Sedans 1,200.00
 Trucks 750.00
Coverages
Benefits Max amount per passenger
 1. ACCIDENTAL DEATH and DISMEMBERMENT
 a. Accidental Death Ps 150,000.00
 b. Permanent Total Disability 75,000.00
 c. Loss of two or more limbs 75,000.00
 d. Total and irrevocable loss of sight in both eyes 75,000.00
 e. Dismemberment in one limb 30,000.00
 f. Total and irrevocable loss of sight in one eye 30,000.00
 g. Medical treatment (w/o need of reciepts) 5,000.00
 h. Max. Medical treatment (reciepts needed, except
15,000.00
items a-e)
 i. Loss of arm at or above elbow 42,000.00
 j. Loss of both hands or all fingers and both thumbs 60,000.00
 k. Loss of arm between elbow and wrist 30,000.00
 l. Loss of hand 25,500.00
 m. Loss of 4 fingers 25,500.00
 n. Loss of 1 thumb 18,000.00
 o. Loss of index finger 9,000.00
 p. Loss of middle finger 6,000.00
 q. Loss of ring finger 3,000.00
 r. Loss of little finger 3,000.00
 s. Loss of metacarpals 2,400.00
1st or 2nd (addtl.) 1,800.00
3rd, 4th and 5th 1,200.00
 t. Loss of leg above the knee 36,000.00
 u. Loss of leg below the knee 30,000.00
  v. Loss of one foot 30,000.00
 w. Loss of big toe 3,000.00
 x. Loss of all toes in one foot 9,000.00
 y. Loss of any toe other than big toe 600.00
 z. Loss of hearing-both ears 30,000.00
 aa. Loss of hearing one ear 4,200.00
 ab. Burial assistance for enrolled driver 10,000.00
 ac. Burial assistance for enrolled conductor 10,000.00
 ad. One time educational assistance for one child of
5,000.00
the deceased driver
 ae. One time educational assistance for one child of
5,000.00
the deceased conductor
 af. Casket for the deaceased driver 5,000.00
 ag. Casket for the deceased conductor 5,000.00
 ah. Ambulance assistance 5,000.00
 2. Accidental Medical Expense / Reimbursement 15,000.00
 3. Bail Bond 30,000.00
 4. Legal assistance Services 10,000.00

Death Benefits
(Ps. 150,000.00 per passenger)

No. of passenger Amount

Buses
Provincial 56 Ps 8,400,000.00
Metro Manila 56 8,400,000.00
Jeepney 15 2,250,000.00
AUV/UV Express 9 1,350,000.00
Sedan 5 750,000.00
Trucks 3 450,000.00

Medical Benefits
(Ps. 15,000.00 per passenger)

No. of passenger Amount

Buses
Provincial 56 Ps 840,000.00
Metro Manila 56 840,000.00
Jeepney 15 225,000.00
AUV/UV Express 9 135,000.00
Sedan 5 75,000.00
Trucks 3 45,000.00