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5.2 Cash Flow Projections

Dinah and Bhandamme Auditing Services
Statement of Cash Flow
For the years ended 2019-2023

In (₱) Note 2019 2020 2021 2022 2023

Operating Activities:
Cash Received from 1 1,890,000.00 1,806,000.00 1,900,500.00 1,995,000.00 2,089,500.00
Customers
Cash paid to
suppliers
Permits and Licenses 2 (10,285.00) (3,635.00) (3,635.00) (3,635.00) (3,635.00)
Office Supplies 3 (5,220.00) (5,376.60) (5,537.90) (5,704.03) (5,875.15)
Cleaning Supplies 4 (2,135.00) (2,199.05) (2,265.02) (2,332.97) (2,402.96)
Rent 6 (96,163.20) (96,163.20) (96,163.20) (96,163.20) (96,163.20)
Utilities 7 (14,203.30) (15,760.26) (16,055.49) (16,356.62) (16,663.77)
Salaries 5 (169,604.80) (169,604.80) (169,604.80) (169,604.80) (169,604.80)
Cash paid for
mandatory
contributions:
SSS 8 (13,530.00) (14,760.00) (14,760.00) (14,760.00) (14,760.00)
PhilHealth 9 (4,400.00) (4,800.00) (4,800.00) (4,800.00) (4,800.00)
Pag-IBIG Fund 10 (4,400.00) (4,800.00) (4,800.00) (4,800.00) (4,800.00)
Cash paid for taxes 12 (185,625.00) (194,250.00) (202,781.25) (212,906.25) (223,031.25)
(VAT)
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Net cash provided in 1,384,433.70 1,294,651.09 1,380,097.34 1,463,937.13 1,547,763.87

operating activities
Investing Activities:
Purchase of Furniture 11 (22,824.60) - - - -
and Fixtures
Purchase of 11 (47,608.00) - - - -
Machinery and Eqp.
Net cash used in investing (70,432.60) - - - -
activities

Financing Activities:
Initial/Additional 200,000.00 - - - -
Investment
Owner's drawings (1,318,761.44) (1,287,525.77) (1,354,115.13) (1,435,367.42) (1,518,808.08)
Net cash used in (1,118,761.44) (1,287,525.77) (1,354,115.13) (1,435,367.42) (1,518,808.08)
financing activities
Net increase/decrease 195,239.66 7,125.32 25,982.22 28,569.71 28,955.79
of cash
Add: Cash, beginning - 195,239.66 202,364.98 228,347.19 256,916.90
CASH, ENDING 195,239.66 202,364.98 228,347.19 256,916.90 285,872.70

Cash inflows from operating activities are indicative of the firms’ outstanding operations. The sizeable

net cash outflows from financing activities represents the owners’ share in their respective net income. While

the increasing trend of year end cash indicates the long-term liquidity and profitability of the business.