Enchanted Kingdom, INC

( a wholly owned subsidiary of EK Holdings)

SEC Registration No.: A119603657
Company Type : Stock Corporation

The Magic Lives Forever..

Submitted by:

Justine Carl Puno

I. Business Profile

Corporate Information:

Enchanted Kingdom,INC

 August 5, 1996
 Business of providing entertainment and amusement to the public.

Enchanted Kingdom Holdings, INC

 September 9, 1992
 Purchasing, subscribing for, investing in, acquiring and obtaining interest in
securities, without acting as an investment house or as a broker. Located at San
Lorenzo St., South Balibago, Sta. Rosa, 4026 Laguna.

II. Description of Current Accounting System

Statement of Compliance:
 PFRS
 PAS
 PIC
 SIC
 IFRS
 FFSC
 SEC

Basis of Presentation:
 PAS
 Historical Cost (Exception)
 Philippine Peso (Functional, Rounded to nearest peso)

III. Analysis of Accounting System

Business Plans
 Prioritize revenues generating activities, improvement of services, attraction and
facilities.

Revenues
 Improved marketing strategies
 Pricing policies
 Stimulate secondary visitor expenditures
 Shift business models from walkin to pre booked sales

Cost
 Outsourcing activities.
 Reuse programs.
 Effective monitoring.

Marketing Plans
 Social Media
 EK Brands
 Shows

Management
 Information Technology

Revenue Recognition
 Admission fee
 Sale of goods
 Interest Income
 Other Income

PPE
 At cost
 Straight-Line Basis

Risk
 Credit Risk
 Liquidity Risk
IV. Recommendation

To continue.