FINANCIAL ASSUMPTION

1. Initial Capital of the business would be ₱992,145.50.

2. The sale projection is estimated to be 3,900,000 and will increase by 5% from 2nd
to 5th year.
3. Consumable supplies will be fully exhausted while non-consumables will have no
value at the end of the year. Supplies Cost is expected to increase at 3% every year.
4. Depreciation is computed through straight line method.
5. Electricity expenses shall increase by 5% annually and the water expense by 3%.
6. Fuel Expenses will increase at 5%.
7. Rent Expenses will increase by 2% in the succeeding years.
8. Permits and Licenses will increase by 2% in the succeeding years.
9. Salaries and Wages will increase by 3% in the succeeding years.
10. 13th month pay will increase by 3% in the succeeding years.
11. All employees excluding manager will receive 13th month pay at year-end based
on their current salary.
12. SSS is based on the applicable Schedules of Contribution and PhilHealth
Contributions is 2.75% computed straight based on the monthly basic salary equally
shared by the employees and employer.
13. Repairs and maintenance is 2% of the equipment’s value and will increase by 2%
from second year to fifth year.