AJET HEAVY EQUIPMENT AND CONSTRUCTION SERVICES INC. ‘STATEMENTS OF FINANCIAL POSITION ‘As of March 31, 2019 and December 31, 2018 ‘(Amounts in Philippine Peso) 3iMari__a.0e048 ASSETS Current assets Cash 213,749 135,498 ‘Trade & Other Receivables 915,284 qa Other Current Assets. 32.113 32.113 ‘Sub-total: Curent Assois 3.261.147 944,878 Non-current assets: Property and equipment 45,253, 56,951 ‘Sub-total: Non-current Assos 45.253. 56,951 TOTAL ASSETS 3,306,399 7,001,820 LIABILITIES AND EQUITY LIABILITIES Current liabilities ‘Trade & Other Payables 349,327 6,750 Income Tax Payable, 25,681 - Sub-total: Current Liabilities 375,000 6.750 Non-current liabilities 375,008 750 Quy ‘Share Capital 3,000,000 4,250,000 (Cumulative Eamings (68,610) (254,921) 2,931,300, 995,079 TOTAL LIABILITIES AND EQUITY 3,306,399 7,001,829AJET HEAVY EQUIPMENT AND CONSTRUCTION SERVICES INC. ‘STATEMENTS OF COMPREHENSIVE INCOME For the Period Ended March 31, 2019 and Decomber $1, 2018 (Amounts in Philippine Peso) stor19 sd908 REVENUE 4062,262 237,810 DIRECT costs. 548,632) 240,217) Gross PROFIT 513,630 (2407) ADMINISTRATIVE EXPENSE (301,636) 252.514) INCOME BEFORE INCOME TAX 211,993 (258,921) LESS: TAX EXPENSE 25,684 : NET INCOME (Loss) 185312 (254921) TOTAL COMPREHENSIVE INCOME qeosi2 254.927)AJET HEAVY EQUIPMENT AND CONSTRUCTION SERVICES INC. STATEMENTS OF CHANGES IN EQUITY For the Period Ended March 31, 2019 and December 31, 2018 (Amounts in Philipine Peso) AdditonalPaid Share Capital incapital Cumulative Total Earnings Equity Balance at Decomber 31, 2018 1,250,000 + (254,921) 995,079 ‘Adéitional Paid in Capital 1.750,000 1.750,000 Profit (loss) for this quarter 186312 186,312 Balance at January 31, 2018 4,250,000 4,250,000 Profit(loss) for the year (254921) (254,921)