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Juan de Banana Notes To Financial Statement
Juan de Banana Notes To Financial Statement
1. PARTNERSHIP INFORMATION
JUAN DE BANANA ( the “Company”) was incorporated and registeres with the Philippines
Securities and Exchange Commission (SEC) on January 2019. The prinicipal activty of the
Company is to engage in the business of trading goods such as desserts on retail basis.
2. FINANCIAL INSTRUMENTS
Financial assets measures at amortized cost less impairment comprise of cash in trade and
other receivables.
Financial liabilities measured at amortized cost comprise of trade and other payables
(excluding due to government agencies and uneraned partnership fee) and due to related
parties.
3. CASH
For the purpose of cash flows, cash includes cash on hand and in banks.
4. TRADE – net
5. INVENTORIES
Details of the company's inventories are shown in Table 3.19.
The cost of invetories recognized as expense for the Years 1-5 and disclosed on
Inventories are expected to be recovered within twelve (12) months from the end of the
reporting period.
In five (5) respective years, no inventories has been pledged as a security for the Company's
liabilities.
6. CURRENT ASSETS
Current assets pertain to the Machineries and Equipment, Furniture and Fixtures, Office
7. PAYABLES
8. OPERATING EXPENSES
This account is composed of Rental, Marketing and Promotions, the procurement of Legal
Documents
9. CAPITAL STOCK
The capital stock of the company as stated in Financial condition was the loan from the banks