5 Financial Report

FINANCIAL
REPORT
67
I. Special Financial Policies
 All the business transactions must be recorded and reported by the finance
in charge.
 Receipts, deposits and withdrawal slips, and other documents connected to
the enterprise, must be kept from reference purposes.
 The expenses are either deducted in sales before cash deposit or cash
withdrawal in the bank account.
 Every member is responsible for sharing the gain and loss in the company.
II. Financial Report
1. Capital Contribution
NAME CAPITAL CONTRIBUTION
Adriano, Geramie P 1,000.00
Arevalo, Joshua P 1,000.00
Baran, June Paulo P 1,000.00
Cachuela, Lois Danielle P 1,000.00
Canotal, Clarisse Ann P 1,000.00
Cuento, Alyssa Margarette P 1,000.00
De Guzman, Andrea P 1,000.00
Dela Cruz, Joan Claire P 1,000.00
Evangelista, Jossah Joyce P 1,000.00
68
Felicitas, Erielle Anne P 1,000.00
Flores, Janzel P 1,000.00
Garcia, Marie Antonette P 1,000.00
Hormigoso, Janelle Mae P 1,000.00
Manlalangit, Arman Joseph P 1,000.00
Poncio, Kristel P 1,000.00
Rivera, Memory P 1,000.00
Werba, Chrystel Jade P 1,000.00
Villarina, Enna Jane P 1,000.00
TOTAL P 18, 000.00
2. Summary of collection
A. Weekly Collection
KANIN SA SILANGAN
Collection Report
For the period covering July 12- August 4, 2017
DAY WEEK 1 WEEK 2 WEEK 3 WEEK 4
Monday NO P 2, 450.00 NO P 3, 990.00
Tuesday PRODUCTION 2, 290.00 PRODUCTION 3, 150.00
Wednesday P 1, 620.00 2, 080.00 3, 960.00
69
Thursday 1, 650.00 2, 590.00 EXAM WEEK 2, 695.00
Friday 1, 630.00 2, 250.00 2, 975.00
TOTAL P 4, 900.00 P 11, 660.00 P 16, 770.00
KANIN SA SILANGAN
Collection Report
For the period covering August 8 – August 31, 2017
Monday NO P 1, 865.00 HOLIDAY HOLIDAY
PRODUCTION
(BAGA)
Tuesday 3, 580.00 7, 175.00 SUSPENDED P 6, 060.00
Wednesday 4, 160.00 3,360.00 P 6, 260.00 6, 090.00
Thursday 4, 645.00 4, 050.00 7, 270.00 6, 150.00
Friday 6, 090.00 5, 240.00 4, 340.00 HOLIDAY
TOTAL P 18, 475.00 P 21, 690.00 P 17, 870.00 P 18, 300.00
70
KANIN SA SILANGAN
Collection Report
For the period covering September 4 – September 29, 2017
Monday P 7, 840.00 P 7, 490.00 SEMINAR P 3, 150.00
OJT
Tuesday 7, 490.00 NO P 4, 130.00 3, 585.00
CLASSES
Wednesday 5, 565.00 6, 965.00 3,840.00 4, 130.00
Thursday 6, 840.00 7, 770.00 SUSPENDED 3, 990.00
Friday 7,070.00 6, 270.00 4,130.00 3, 630.00
TOTAL P 34, 805.00 P 28, 495.00 P 12, 100.00 P 18, 485.00
71
B. Monthly Sales Report
KANIN SA SILANGAN
Monthly Sales Report
For the month of July – September
MONTH AMOUNT
July P 20, 550.00
August 89, 115.00
September 93, 885.00
Total P 203, 550.00
3. Summary of Expenditures
a. Transportation
MONTH AMOUNT
July P 984.00
August 2, 238.00
September 2, 524.00
Total P 5, 746.00
72
b. Organizational cost
ITEM AMOUNT
DTI P 215.00
Notary 200.00
Total P 415.00
c. Office Supplies
ITEM AMOUNT
Time Card P 103.50
Red envelope 16.00
Padlock 60.00
Binder Clip 3.00
Total P 182.50
d. Other Supplies
ITEM JULY AUGUST SEPTEMBER
Apron P 720.00 --- ---
Hairnet 260.00 --- ---
Gloves 530.00 P 25.00 P 100.00
Dishwashing 30.00 20.00 70.00
Face mask 720.00 --- ---
73
Mop --- 180.00 ---
Sponge 5.00 20.00 10.00
Styro box --- 250.00 ---
Garbage Bag 190.50 32.00 80.00
Rag 13.00 --- ---
Cannister --- 120.00 ---
Bottle Ketchup 80.00 --- ---
Box 80.00 --- ---
Steel wool --- --- 15.00
Rice cup 40.00 --- ---
Tray 390.00 --- ---
Ice Chest 360.00 --- ---
Roll bag (8x11) 45.00 93.00 30.00
Plastic (20x10) 230.00 75.00 225.00
Plastic 107 75.00 --- ---
Plastic 14’10 7.00 --- ---
Total P 3, 775.50 P 815.00 P 530.00
74
e. Tools and Materials
ITEM AMOUNT
Styro P 9, 330.00
Spork 4, 041.78
Tissue 400.00
Plastic 1x10 417.00
Total P 14, 188.78
f. Cost of Goods Sold
KANIN SA SILANGAN
Cost of Goods Sold
For the month of July - September, 2017
MONTH AMOUNT
July P 12, 489.00
August 33, 068.00
Total P 93, 630.65
75
g. Rent
MONTH ITEM AMOUNT
July Rice Cooker, Pan, Gas P 225.00
August Stove, Spatulas 475.00
September 425.00
Total P 1, 125.00
h. Utilities
MONTH AMOUNT
July P 180.00
August 460.00
September 510.00
Total P 1, 150.00
76
4. Summary of Cash Deposit
MONTH AMOUNT
July P 27, 397.50
August 61, 341.00
Total P 148, 238.75
5. Summary of Cash Withdrawal
MONTH AMOUNT
July P 9, 215.00
August 34, 000.00
Total P 57, 579.00
77
6. Income Statement
KANIN SA SILANGAN
Income Statement
For the Period July to September 2017
JULY AUGUST SEPTEMBER TOTAL
Sales P 20, 550.00 P 89, 115.00 P 93, 885.00 P 203, 550.00
Less: Cost of goods 12, 489.00 33, 068.00 48, 073.65 93, 630.65
sold
Gross Profit 8, 061.00 56, 047.00 45, 811.35 109, 919.35
Less: Operating Expense
Tools & Materials 3, 143.75 6, 657.75 4, 387.28 14, 188.78
Transportation 984.00 2, 838.00 2, 524.00 6, 346.00
Organizational Cost 415.00 --- --- 415.00
Office Supplies 115.00 31.50 36.00 182.50
Other Supplies 3, 775.50 815.00 530.00 5, 120.50
Rent Expense 225.00 475.00 425.00 1, 125.00
Utilities Expense 180.00 460.00 510.00 1, 150.00
Freight Out 326.00 326.00 327.00 979.00
Total Operating 9, 164.25 11, 603.25 8, 739.28 29, 506.78
Expense
Net Income/ Loss from P (1, 103.25) P 44, 443.75 P 37, 072.07 P 80, 412.57
Operation
78
Add: Other Income 1, 860.00
Total Income 82, 272.57
Less: Other Expenses 1, 606.00
Net Income for the P 80, 666.57
Period
7. Statement of Cash Flow
KANIN SA SILANGAN
Statement of Cash flow
For the Period July to September 2017
JULY AUGUST SEPTEMBER TOTAL
Sales P 20, 550.00 P 89, 115.00 P 93, 885.00 P 203, 550.00
Less: Cost of goods sold 12, 489.00 33, 068.00 48, 073.65 93, 630.65
Gross Profit 8, 061.00 56, 047.00 45, 811.35 109, 919.35
Less: Operating Expense
Tools & Materials 3, 143.75 6, 657.75 4, 387.28 14, 188.78
Transportation 984.00 2, 838.00 2, 524.00 6, 346.00
Organizational Cost 415.00 --- --- 415.00
Office Supplies 115.00 31.50 36.00 182.50
79
Other Supplies 3, 775.50 815.00 530.00 5, 120.50
Rent Expense 225.00 475.00 425.00 1, 125.00
Utilities Expense 180.00 460.00 510.00 1, 150.00
Freight Out 326.00 326.00 327.00 979.00
Total Operating Expense 9, 164.25 11, 603.25 8, 739.28 29, 506.78
Net Income/Loss P (1, 103.25) P 44, 443.75 P 37, 072.07 P 80, 412.57
Cash Flow from Investing
Interest Income 8.94
Interest Expense (1.79)
Total Cash from Investing 7.15
Net Cash Increase (1 ,096.10)
Cash Beginning 10, 000.00 8, 903.90 53, 347.65
Cash Ending P 8, 903.90 P 53, 347.65 P 90, 419.72 P 90, 419.72
Total Cash Ending 92, 279.72
Cash Ending for the Period P 90, 673.72
80
8. Balance Sheet
KANIN SA SILANGAN
Balance Sheet
For the Period of July to September 2017
JULY AUGUST SEPTEMBER
Assets
Current Assets
Cash in Bank P 8, 903.90 P 53, 347.65 P 90, 673.72
Total assets P 8, 903.90 P 53, 347.65 P 90, 673.72
Capital
Beginning Capital 10, 000.00 P 8, 903.90 P 53, 347.65
Add: Net Income/Loss (1 ,096.10) 44, 443.75 37, 072.07
Total Capital P 8, 903.90 P 53, 347.65 P 90, 419.72
Total 92, 279.72
Total Capital for the P 90, 673.72
Period
81
III. Ratio Analysis
A. Rate of Return on Total Equity
July August September
Net Income/Loss P (1 ,096.10) P 44, 443.75 P 37, 072.07
Total Equity 8, 903.90 53, 347.65 90, 673.72
(0.12) 0.83 0.41
Rate of Return on
12% 83% 41%
Total Equity
The table shows that on August the company has the greatest rate of return
on total equity with 83% than any other month.
82
B. Rate of Return on Total Assets
Total Equity 8, 903.90 53, 347.65 90, 673.72
(0.12) 0.83 0.41
Rate of Return on
12% 83% 41%
Total Assets
on total assets with 83% than any other month.
C. Rate of Return on Equity
Total Equity 8, 903.90 53, 347.65 90, 673.72
(0.12) 0.83 0.41
Rate of Return on
12% 83% 41%
Total Equity
on owner’s investment with 83% than any other month.
83
D. Current Ratio
Current Assets P 8, 903.90 P 53, 347.65 P 90, 673.72
Current Liabilities and Equity P 8, 903.90 P 53, 347.65 P 90, 673.72
Current Ratio 1 1 1
E. Net Profit Margin
P 20, 550.00 P 89, 115.00 P 93, 885.00

Net Sales
(0.05) 0.50 0.39
Net Profit Margin (5%) 50% 39%
IV. Projected Income against Actual Income
Projected Income Actual Income
July P 25,673.61 P (1 ,096.10)
August 25,673.61 44, 443.75
September 25,673.61 37, 326.07
Total P 77, 020.83 P 80, 673.72
84
V. Liquidation Statement
Name Capital Ending Share Share of Signature
Capital (%) Partners
1. Adriano P 1,000.00 P 90, 673.72 5.56% P 5, 037.43
2. Arevalo 1,000.00 90, 673.72 5.56% 5, 037.43
3. Baran 1,000.00 90, 673.72 5.56% 5, 037.43
4. Cachuela 1,000.00 90, 673.72 5.56% 5, 037.43
5. Canotal 1,000.00 90, 673.72 5.56% 5, 037.43
6. Cuento 1,000.00 90, 673.72 5.56% 5, 037.43
7. De Guzman 1,000.00 90, 673.72 5.56% 5, 037.43
8. Dela Cruz 1,000.00 90, 673.72 5.56% 5, 037.43
9. Evangelista 1,000.00 90, 673.72 5.56% 5, 037.43
10. Flores 1,000.00 90, 673.72 5.56% 5, 037.43
11. Felicitas 1,000.00 90, 673.72 5.56% 5, 037.43
12. Garcia 1,000.00 90, 673.72 5.56% 5, 037.43
13. Hormigoso 1,000.00 90, 673.72 5.56% 5, 037.43
14. Manlalangit 1,000.00 90, 673.72 5.56% 5, 037.43
15. Poncio 1,000.00 90, 673.72 5.56% 5, 037.43
16. Rivera 1,000.00 90, 673.72 5.56% 5, 037.43
17. Werba 1,000.00 90, 673.72 5.56% 5, 037.43
18. Villarina 1,000.00 90, 673.72 5.56% 5, 037.43
TOTAL P 18, 000.00 100% P 90, 673.72
85
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FINANCIAL

 Receipts, deposits and withdrawal slips, and other documents connected to

the enterprise, must be kept from reference purposes.

withdrawal in the bank account.

II. Financial Report

NAME CAPITAL CONTRIBUTION

Adriano, Geramie P 1,000.00

Arevalo, Joshua P 1,000.00

Baran, June Paulo P 1,000.00

Cachuela, Lois Danielle P 1,000.00

Canotal, Clarisse Ann P 1,000.00

Cuento, Alyssa Margarette P 1,000.00

De Guzman, Andrea P 1,000.00

Dela Cruz, Joan Claire P 1,000.00

Evangelista, Jossah Joyce P 1,000.00

Flores, Janzel P 1,000.00

Garcia, Marie Antonette P 1,000.00

Hormigoso, Janelle Mae P 1,000.00

Manlalangit, Arman Joseph P 1,000.00

Poncio, Kristel P 1,000.00

Rivera, Memory P 1,000.00

Werba, Chrystel Jade P 1,000.00

Villarina, Enna Jane P 1,000.00

TOTAL P 18, 000.00

Monday NO P 2, 450.00 NO P 3, 990.00

Tuesday PRODUCTION 2, 290.00 PRODUCTION 3, 150.00

Wednesday P 1, 620.00 2, 080.00 3, 960.00

Friday 1, 630.00 2, 250.00 2, 975.00

TOTAL P 4, 900.00 P 11, 660.00 P 16, 770.00

Monday NO P 1, 865.00 HOLIDAY HOLIDAY

Tuesday 3, 580.00 7, 175.00 SUSPENDED P 6, 060.00

Wednesday 4, 160.00 3,360.00 P 6, 260.00 6, 090.00

Thursday 4, 645.00 4, 050.00 7, 270.00 6, 150.00

Friday 6, 090.00 5, 240.00 4, 340.00 HOLIDAY

TOTAL P 18, 475.00 P 21, 690.00 P 17, 870.00 P 18, 300.00

Monday P 7, 840.00 P 7, 490.00 SEMINAR P 3, 150.00

Tuesday 7, 490.00 NO P 4, 130.00 3, 585.00

Wednesday 5, 565.00 6, 965.00 3,840.00 4, 130.00

Thursday 6, 840.00 7, 770.00 SUSPENDED 3, 990.00

Friday 7,070.00 6, 270.00 4,130.00 3, 630.00

TOTAL P 34, 805.00 P 28, 495.00 P 12, 100.00 P 18, 485.00

July P 20, 550.00

August 89, 115.00

September 93, 885.00

Total P 203, 550.00

Time Card P 103.50

Red envelope 16.00

Binder Clip 3.00

ITEM JULY AUGUST SEPTEMBER

Apron P 720.00 --- ---

Hairnet 260.00 --- ---

Gloves 530.00 P 25.00 P 100.00

Dishwashing 30.00 20.00 70.00

Face mask 720.00 --- ---

Sponge 5.00 20.00 10.00

Styro box --- 250.00 ---

Garbage Bag 190.50 32.00 80.00

Rag 13.00 --- ---

Cannister --- 120.00 ---

Bottle Ketchup 80.00 --- ---

Box 80.00 --- ---

Steel wool --- --- 15.00

Rice cup 40.00 --- ---