104

Note 1 – Operating Expenses

2018 2019 2020 2021 2022

General Manager 219,240.00 219,240.00 223,624.80 223,624.80 228,097.30

Gym Manager 219,240.00 219,240.00 223,624.80 223,624.80 228,097.30

Administrative Manager 180,240.00 180,240.00 183,844.80 183,844.80 187,521.70

Cashier 89,040.00 89,040.00 90,820.80 90,820.80 92,637.22

Accountant 157,120.00 157,120.00 160,262.40 160,262.40 163,467.65

Security Guard 95,307.20 95,307.20 97,213.34 97,213.34 99,157.61

Trainer 145,684.00 145,684.00 148,597.68 148,597.68 151,569.63

Sales Representative 113,796.00 113,796.00 116,071.92 116,071.92 118,393.36

Sales Manager 180,240.00 180,240.00 183,844.80 183,844.80 187,521.70

Depreciation Expense -
M&E 86,297.14 86,297.14 86,297.14 86,297.14 86,297.14

Depreciation Expense - F&F 8,454.29 8,454.29 8,454.29 8,454.29 8,454.29

Depreciation Expense - O.E. 24,630.00 24,630.00 24,630.00 24,630.00 24,630.00

Depreciation Expense -
Building 234,000.00 234,000.00 234,000.00 234,000.00 234,000.00

Utilities Expense 55,000.00 56,650.00 58,349.50 60,099.99 61,902.98

Office Supplies Expense 15,200.00 15,504.00 15,814.08 16,130.36 16,452.97

Total 1,823,488.63 1,825,442.63 1,855,450.35 1,857,517.12 1,888,200.83