ASSUMPTIONS

40% OF SALES
SALES 100% PEAK SEASON
JANUARY
GROSS INCOME = 40% FEBRUARY
MARCH
APRIL
COST OF RATIO= 60% MAY
JUNE
JULY
TAXES AND LICENSES 3%
AUGUST
SEPTEMBER
ADVERTISING EXPENSE 2% OCTOBER
NOVEMBER
DECEMBER
PRINCIPAL 300000

INTEREST RATE 12%

INTEREST EXPENSE 3000

MISCELLANEOUS EXPENSE 2%

INCOME TAX 30%

CASH 30%
CASH COLLECTIONS
COLLECTED AFTER 30 DAYS 70%
CASH 40%
PURCHASES PAYMENT
PAID AFTER 30 DAYS 60%
INVENTORY REQUIREMENT NExT MONTH'S COST OF SALES 10%
OUTPUT TAX 12%
INPUT TAX PURCHASES PLUS EXPENSES 12%
RATE
100%
100%
100%
100%
100%
100%
100%
100%
100%
120%
120%
120%
JEC'S COFFEE SHOP
PROJECTED INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2019

JANUARY FEBRUARY
SALES 2,196,000.00 2,196,000.00
LESS: COST OF SALES 1,317,600.00 1,317,600.00
GROSS INCOME 878,400.00 878,400.00
LESS: EXPENSES

SALARIES AND WAGES 108,028.00 108,028.00

EMPLOYEE BENEFITS 10,020.40 10,020.40
UTILITIES EXPENSE 12,821.00 12,821.00
INSTALLATION COST 13,300.00 -
SUPPLIES EXPENSE 700.00 700.00
INTEREST EXPENSE 3,000.00 3,000.00
ADVERTISING EXPENSES 43,920.00 43,920.00
LEGAL EXPENSES 10,000.00 -
TAXES AND LICENSES 65,880.00 65,880.00
DEPRECIATION EXPENSE 14,533.31 14,533.31
MISCELLANEOUS EXPENSE 17,568.00 17,568.00
TOTAL EXPENSE 299,770.71 276,470.71
INCOME BEFORE TAX 578,629.29 601,929.29
LESS: TAX EXPENSE 173,588.79 180,578.79
INCOME AFTER TAX 405,040.51 421,350.51
JEC'S COFFEE SHOP
PROJECTED INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2019

MARCH
SALES 2,196,000.00
LESS: COST OF SALES 1,317,600.00
GROSS INCOME 878,400.00
LESS: EXPENSES

SALARIES AND WAGES 108,028.00

EMPLOYEE BENEFITS 10,020.40
UTILITIES EXPENSE 12,821.00
INSTALLATION COST -
SUPPLIES EXPENSE 700.00
INTEREST EXPENSE 3,000.00
ADVERTISING EXPENSES 43,920.00
LEGAL EXPENSES -
TAXES AND LICENSES 65,880.00
DEPRECIATION EXPENSE 14,533.31
MISCELLANEOUS EXPENSE 17,568.00
TOTAL EXPENSE 276,470.71
INCOME BEFORE TAX 601,929.29
LESS: TAX EXPENSE 180,578.79
INCOME AFTER TAX 421,350.51
JEC'S COFFEE SHOP
PROJECTED INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2019

APRIL MAY
SALES 2,196,000.00 2,196,000.00
LESS: COST OF SALES 1,317,600.00 1,317,600.00
GROSS INCOME 878,400.00 878,400.00
LESS: EXPENSES

SALARIES AND WAGES 108,028.00 108,028.00

EMPLOYEE BENEFITS 10,020.40 10,020.40
UTILITIES EXPENSE 12,821.00 12,821.00
INSTALLATION COST - -
SUPPLIES EXPENSE 700.00 700.00
INTEREST EXPENSE 3,000.00 3,000.00
ADVERTISING EXPENSES 43,920.00 43,920.00
LEGAL EXPENSES - -
TAXES AND LICENSES 65,880.00 65,880.00
DEPRECIATION EXPENSE 14,533.31 14,533.31
MISCELLANEOUS EXPENSE 17,568.00 17,568.00
TOTAL EXPENSE 276,470.71 276,470.71
INCOME BEFORE TAX 601,929.29 601,929.29
LESS: TAX EXPENSE 180,578.79 180,578.79
INCOME AFTER TAX 421,350.51 421,350.51
JEC'S COFFEE SHOP
PROJECTED INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2019

JUNE
SALES 2,196,000.00
LESS: COST OF SALES 1,317,600.00
GROSS INCOME 878,400.00
LESS: EXPENSES

SALARIES AND WAGES 108,028.00

EMPLOYEE BENEFITS 10,020.40
UTILITIES EXPENSE 12,821.00
INSTALLATION COST -
SUPPLIES EXPENSE 700.00
INTEREST EXPENSE 3,000.00
ADVERTISING EXPENSES 43,920.00
LEGAL EXPENSES -
TAXES AND LICENSES 65,880.00
DEPRECIATION EXPENSE 14,533.31
MISCELLANEOUS EXPENSE 17,568.00
TOTAL EXPENSE 276,470.71
INCOME BEFORE TAX 601,929.29
LESS: TAX EXPENSE 180,578.79
INCOME AFTER TAX 421,350.51
JEC'S COFFEE SHOP
PROJECTED INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2019

JULY AUGUST
SALES 2,196,000.00 2,196,000.00
LESS: COST OF SALES 1,317,600.00 1,317,600.00
GROSS INCOME 878,400.00 878,400.00
LESS: EXPENSES

SALARIES AND WAGES 108,028.00 108,028.00

EMPLOYEE BENEFITS 10,020.40 10,020.40
UTILITIES EXPENSE 12,821.00 12,821.00
INSTALLATION COST - -
SUPPLIES EXPENSE 700.00 700.00
INTEREST EXPENSE 3,000.00 3,000.00
ADVERTISING EXPENSES 43,920.00 43,920.00
LEGAL EXPENSES - -
TAXES AND LICENSES 65,880.00 65,880.00
DEPRECIATION EXPENSE 14,533.31 14,533.31
MISCELLANEOUS EXPENSE 17,568.00 17,568.00
TOTAL EXPENSE 276,470.71 276,470.71
INCOME BEFORE TAX 601,929.29 601,929.29
LESS: TAX EXPENSE 180,578.79 180,578.79
INCOME AFTER TAX 421,350.51 421,350.51
JEC'S COFFEE SHOP
PROJECTED INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2019

SEPTEMBER
SALES 2,196,000.00
LESS: COST OF SALES 1,317,600.00
GROSS INCOME 878,400.00
LESS: EXPENSES

SALARIES AND WAGES 108,028.00

EMPLOYEE BENEFITS 10,020.40
UTILITIES EXPENSE 12,821.00
INSTALLATION COST -
SUPPLIES EXPENSE 700.00
INTEREST EXPENSE 3,000.00
ADVERTISING EXPENSES 43,920.00
LEGAL EXPENSES -
TAXES AND LICENSES 65,880.00
DEPRECIATION EXPENSE 14,533.31
MISCELLANEOUS EXPENSE 17,568.00
TOTAL EXPENSE 276,470.71
INCOME BEFORE TAX 601,929.29
LESS: TAX EXPENSE 180,578.79
INCOME AFTER TAX 421,350.51
JEC'S COFFEE SHOP
PROJECTED INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2019

OCTOBER NOVEMBER
SALES 2,635,200.00 2,635,200.00
LESS: COST OF SALES 1,581,120.00 1,581,120.00
GROSS INCOME 1,054,080.00 1,054,080.00
LESS: EXPENSES

SALARIES AND WAGES 108,028.00 108,028.00

EMPLOYEE BENEFITS 10,020.40 10,020.40
UTILITIES EXPENSE 12,821.00 12,821.00
INSTALLATION COST - -
SUPPLIES EXPENSE 700.00 700.00
INTEREST EXPENSE 3,000.00 3,000.00
ADVERTISING EXPENSES 52,704.00 52,704.00
LEGAL EXPENSES - -
TAXES AND LICENSES 79,056.00 79,056.00
DEPRECIATION EXPENSE 14,533.31 14,533.31
MISCELLANEOUS EXPENSE 21,081.60 21,081.60
TOTAL EXPENSE 301,944.31 301,944.31
INCOME BEFORE TAX 752,135.69 752,135.69
LESS: TAX EXPENSE 225,640.71 225,640.71
INCOME AFTER TAX 526,494.99 526,494.99
JEC'S COFFEE SHOP
PROJECTED INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2019

DECEMBER
SALES 2,635,200.00 27,669,600.00
LESS: COST OF SALES 1,581,120.00 16,601,760.00
GROSS INCOME 1,054,080.00 11,067,840.00
LESS: EXPENSES

SALARIES AND WAGES 108,028.00 1,296,336.00

EMPLOYEE BENEFITS 10,020.40 120,244.80
UTILITIES EXPENSE 12,821.00 153,852.00
INSTALLATION COST -
SUPPLIES EXPENSE 700.00 8,400.00
INTEREST EXPENSE 3,000.00
ADVERTISING EXPENSES 52,704.00
LEGAL EXPENSES -
TAXES AND LICENSES 79,056.00
DEPRECIATION EXPENSE 14,533.31
MISCELLANEOUS EXPENSE 21,081.60
TOTAL EXPENSE 301,944.31
INCOME BEFORE TAX 752,135.69
LESS: TAX EXPENSE 225,640.71
INCOME AFTER TAX 526,494.99
 annual depreciation

ESTIMATED SALVAGE
ITEMS COST LIFE(YEARS) VALUE
BUILDING 1,684,000.00 30.00 20,000.00
EQUIPMENT:
DINNER WARES/CUTLERIES/GLASSWARE 157,865.00 5.00
OTHER KITCHEN WARE 14,050.00 5.00
TABLE AND CHAIRS 118,250.00 5.00 2,000.00
OFFICE COMPUTER 81,000.00 5.00 3,000.00
OVEN 69,000.00 5.00 1,000.00
WATER DISPENSER 20,000.00 5.00
FIRE EXTINGUISHED 12,000.00 2.00 1,000.00
GENERATOR 115,000.00 5.00 2,000.00
TOTAL 587,165.00

126,292.00
DEPRECIABLE ANNUAL
AMOUNT DEPRECIATION MONTHLY
1,664,000.00 55,466.67 4,622.22
- FEBRUARY MARCH APRIL MAY
157,865.00 31,573.00 2,631.08 155,233.92 152,602.83 149,971.75 147,340.67
14,050.00 2,810.00 234.17 13,815.83 13,581.67 13,347.50 13,113.33
116,250.00 23,250.00 1,937.50 116,312.50 114,375.00 112,437.50 110,500.00
78,000.00 15,600.00 1,300.00 79,700.00 78,400.00 77,100.00 75,800.00
68,000.00 13,600.00 1,133.33 67,866.67 66,733.33 65,600.00 64,466.67
20,000.00 4,000.00 333.33 19,666.67 19,333.33 19,000.00 18,666.67
11,000.00 5,500.00 458.33 11,541.67 11,083.33 10,625.00 10,166.67
113,000.00 22,600.00 1,883.33 113,116.67 111,233.33 109,350.00 107,466.67
118,933.00 9,911.08
14,533.31
JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER 2021
144,709.58 142,078.50 139,447.42 136,816.33 134,185.25 131,554.17 128,923.08 126,292.00
12,879.17 12,645.00 12,410.83 12,176.67 11,942.50 11,708.33 11,474.17 11,240.00
108,562.50 106,625.00 104,687.50 102,750.00 100,812.50 98,875.00 96,937.50 95,000.00
74,500.00 73,200.00 71,900.00 70,600.00 69,300.00 68,000.00 66,700.00 65,400.00
63,333.33 62,200.00 61,066.67 59,933.33 58,800.00 57,666.67 56,533.33 55,400.00
18,333.33 18,000.00 17,666.67 17,333.33 17,000.00 16,666.67 16,333.33 16,000.00
9,708.33 9,250.00 8,791.67 8,333.33 7,875.00 7,416.67 6,958.33 6,500.00
105,583.33 103,700.00 101,816.67 99,933.33 98,050.00 96,166.67 94,283.33 92,400.00
 2022 2023 2024
123,660.92 121,029.83 118,398.75
11,005.83 10,771.67 10,537.50
93,062.50 91,125.00 89,187.50
64,100.00 62,800.00 61,500.00
54,266.67 53,133.33 52,000.00
15,666.67 15,333.33 15,000.00
6,041.67 5,583.33 5,125.00
90,516.67 88,633.33 86,750.00
PARTICULARS JANUARY FEBRUARY MARCH
SALES 2,196,000.00 2,196,000.00 2,196,000.00
CASH SALES 658,800.00 658,800.00 658,800.00
COLLECTED AFTER 30 DAYS 1,537,200.00 1,537,200.00
OUTPUT TAX 263,520.00 263,520.00
TOTAL COLLECTIONS 658,800.00 2,459,520.00 2,459,520.00

JANUARY FEBRUARY MARCH

CASH BEG. 500,000.00 579,056.00 1,113,559.69
CASH COLLECTION 658,800.00 2,459,520.00 2,459,520.00
TOTAL 1,158,800.00 3,038,576.00 3,573,079.69
CASH DISBURSMENT 579,744.00 1,925,016.31 1,848,257.51
CASH ENDING 579,056.00 1,113,559.69 1,724,822.18

ACCOUNTS RECIEVABLE 1,537,200.00 1,537,200.00 1,537,200.00

VAT OUTPUT 184,464.00 184,464.00 184,464.00
TOTAL ACCOUNT RECIEVABLE 1,721,664.00 1,721,664.00 1,721,664.00
APRIL MAY JUNE JULY AUGUST
2,196,000.00 2,196,000.00 2,196,000.00 2,196,000.00 2,196,000.00
658,800.00 658,800.00 658,800.00 658,800.00 658,800.00
1,537,200.00 1,537,200.00 1,537,200.00 1,537,200.00 1,537,200.00
263,520.00 263,520.00 263,520.00 263,520.00 263,520.00
2,459,520.00 2,459,520.00 2,459,520.00 2,459,520.00 2,459,520.00

APRIL MAY JUNE JULY AUGUST

1,724,822.18 2,336,084.68 2,947,347.17 3,558,609.66 4,169,872.15
2,459,520.00 2,459,520.00 2,459,520.00 2,459,520.00 2,459,520.00
4,184,342.18 4,795,604.68 5,406,867.17 6,018,129.66 6,629,392.15
1,848,257.51 1,848,257.51 1,848,257.51 1,848,257.51 1,848,257.51
2,336,084.68 2,947,347.17 3,558,609.66 4,169,872.15 4,781,134.64

1,537,200.00 1,537,200.00 1,537,200.00 1,537,200.00 1,537,200.00

184,464.00 184,464.00 184,464.00 184,464.00 184,464.00
1,721,664.00 1,721,664.00 1,721,664.00 1,721,664.00 1,721,664.00
SEPTEMBER OCTOBER NOVEMBER DECEMBER
2,196,000.00 2,635,200.00 2,635,200.00 2,635,200.00
658,800.00 790,560.00 790,560.00 790,560.00
1,537,200.00 1,537,200.00 1,844,640.00 1,844,640.00 1,844,640.00
263,520.00 279,331.20 316,224.00 316,224.00
2,459,520.00 2,607,091.20 2,951,424.00 2,951,424.00

SEPTEMBER OCTOBER NOVEMBER DECEMBER

4,781,134.64 5,381,856.33 6,022,633.07 6,773,719.27 7,524,805.47
2,459,520.00 2,607,091.20 2,951,424.00 2,951,424.00
7,240,654.64 7,988,947.53 8,974,057.07 9,725,143.27
1,858,798.31 1,966,314.47 2,200,337.80 2,200,337.80
5,381,856.33 6,022,633.07 6,773,719.27 7,524,805.47

1,537,200.00 1,844,640.00 1,844,640.00 1,844,640.00

184,464.00 221,356.80 221,356.80 221,356.80
1,721,664.00 2,065,996.80 2,065,996.80 2,065,996.80
 JANUARY FEBRUARY MARCH
COST OF SALES 1,317,600.00 1,317,600.00 1,317,600.00
ADD: REQUIRED INVENTORY 131,760.00 131,760.00 131,760.00
TOTAL REQUIREMENTS 1,449,360.00 1,449,360.00 1,449,360.00
BEG. INVENTORY 131,760.00 131,760.00
BUDGETED PURCHASE 1,449,360.00 1,317,600.00 1,317,600.00

PAYMENT IN CASH 579,744.00 527,040.00 527,040.00

PAID AFTER 30 DAYS 869,616.00 790,560.00
VAT PAYABLE 69,534.12 88,141.32
SALARIES AND WAGES 108,028.00 108,028.00 108,028.00
EMPLOYEE BENEFITS 10,020.40 10,020.40 10,020.40
UTILITIES EXPENSE 12,821.00 12,821.00 12,821.00
INSTALLATION COST 13,300.00 - -
SUPPLIES EXPENSE 700.00 700.00 700.00
INTEREST EXPENSE 3,000.00 3,000.00 3,000.00
ADVERTISING EXPENSES 43,920.00 43,920.00 43,920.00
LEGAL EXPENSES 10,000.00 - -
INCOME TAX EXPENSE 173,588.79 180,578.79 180,578.79
TAXES AND LICENSES 65,880.00 65,880.00 65,880.00
MISCELLANEOUS EXPENSE 17,568.00 17,568.00 17,568.00
458,826.19 442,516.19 442,516.19
458,826.19 442,516.19
TOTAL CASH DISBURSEMENTS 579,744.00 1,925,016.31 1,848,257.51

ACCOUNTS PAYABLE 869,616.00 790,560.00 790,560.00

INPUT TAX 104,353.92 94,867.20 94,867.20
SALARY PAYABLE 108,028.00 108,028.00 108,028.00
EMPLOYEE BENEFIT 10,020.40 10,020.40 10,020.40
INTEREST PAYABLE 3,000.00 3,000.00 3,000.00
SUPPLIES PAYABLE 700.00 700.00 700.00
ADVERTISMENT 43,920.00 43,920.00 43,920.00
MISCELLLANEOUS 17,568.00 17,568.00 17,568.00
TAXES AND LISCENSE 65,880.00 65,880.00 65,880.00
LEGAL 10,000.00 - -
UTILITY PAYABLE 12,821.00 12,821.00 12,821.00
INSTALLATION COST 13,300.00 - -
EXPENSE PAYABLE 167,189.00 143,889.00 143,889.00
VAT FOR EXPENSES 20,062.68 17,266.68 17,266.68
TRADE AND OTHER PAYABLE 1,279,270.00 1,164,631.28 1,164,631.28
APRIL MAY JUNE JULY AUGUST SEPTEMBER
1,317,600.00 1,317,600.00 1,317,600.00 1,317,600.00 1,317,600.00 1,317,600.00
131,760.00 131,760.00 131,760.00 131,760.00 131,760.00 158,112.00
1,449,360.00 1,449,360.00 1,449,360.00 1,449,360.00 1,449,360.00 1,475,712.00
131,760.00 131,760.00 131,760.00 131,760.00 131,760.00 131,760.00
1,317,600.00 1,317,600.00 1,317,600.00 1,317,600.00 1,317,600.00 1,343,952.00

527,040.00 527,040.00 527,040.00 527,040.00 527,040.00 537,580.80

790,560.00 790,560.00 790,560.00 790,560.00 790,560.00 790,560.00
88,141.32 88,141.32 88,141.32 88,141.32 88,141.32 88,141.32
108,028.00 108,028.00 108,028.00 108,028.00 108,028.00 108,028.00
10,020.40 10,020.40 10,020.40 10,020.40 10,020.40 10,020.40
12,821.00 12,821.00 12,821.00 12,821.00 12,821.00 12,821.00
- - - - - -
700.00 700.00 700.00 700.00 700.00 700.00
3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00
43,920.00 43,920.00 43,920.00 43,920.00 43,920.00 43,920.00
- - - - - -
180,578.79 180,578.79 180,578.79 180,578.79 180,578.79 180,578.79
65,880.00 65,880.00 65,880.00 65,880.00 65,880.00 65,880.00
17,568.00 17,568.00 17,568.00 17,568.00 17,568.00 17,568.00
442,516.19 442,516.19 442,516.19 442,516.19 442,516.19 442,516.19
442,516.19 442,516.19 442,516.19 442,516.19 442,516.19 442,516.19
1,848,257.51 1,848,257.51 1,848,257.51 1,848,257.51 1,848,257.51 1,858,798.31

790,560.00 790,560.00 790,560.00 790,560.00 790,560.00 806,371.20

94,867.20 94,867.20 94,867.20 94,867.20 94,867.20 96,764.54
108,028.00 108,028.00 108,028.00 108,028.00 108,028.00 108,028.00
10,020.40 10,020.40 10,020.40 10,020.40 10,020.40 10,020.40
3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00
700.00 700.00 700.00 700.00 700.00 700.00
43,920.00 43,920.00 43,920.00 43,920.00 43,920.00 43,920.00
17,568.00 17,568.00 17,568.00 17,568.00 17,568.00 17,568.00
65,880.00 65,880.00 65,880.00 65,880.00 65,880.00 65,880.00
- - - - - -
12,821.00 12,821.00 12,821.00 12,821.00 12,821.00 12,821.00
- - - - - -
143,889.00 143,889.00 143,889.00 143,889.00 143,889.00 143,889.00
17,266.68 17,266.68 17,266.68 17,266.68 17,266.68 17,266.68
1,164,631.28 1,164,631.28 1,164,631.28 1,164,631.28 1,164,631.28 1,182,339.82
OCTOBER NOVEMBER DECEMBER
1,581,120.00 1,581,120.00 1,581,120.00
158,112.00 158,112.00 158,112.00
1,739,232.00 1,739,232.00 1,739,232.00
158,112.00 158,112.00 158,112.00
1,581,120.00 1,581,120.00 1,581,120.00

632,448.00 632,448.00 632,448.00

806,371.20 948,672.00 948,672.00
84,979.08 106,166.09 106,166.09
108,028.00 108,028.00 108,028.00
10,020.40 10,020.40 10,020.40
12,821.00 12,821.00 12,821.00
- - -
700.00 700.00 700.00
3,000.00 3,000.00 3,000.00
52,704.00 52,704.00 52,704.00
- - -
225,640.71 225,640.71 225,640.71
79,056.00 79,056.00 79,056.00
21,081.60 21,081.60 21,081.60
513,051.71 513,051.71 513,051.71
442,516.19 513,051.71 513,051.71
1,966,314.47 2,200,337.80 2,200,337.80

948,672.00 948,672.00 948,672.00

113,840.64 113,840.64 113,840.64
108,028.00 108,028.00 108,028.00
10,020.40 10,020.40 10,020.40
3,000.00 3,000.00 3,000.00
700.00 700.00 700.00
52,704.00 52,704.00 52,704.00
21,081.60 21,081.60 21,081.60
79,056.00 79,056.00 79,056.00
- - -
12,821.00 12,821.00 12,821.00
- - -
169,362.60 169,362.60 169,362.60
20,323.51 20,323.51 20,323.51
1,370,247.15 1,370,247.15 1,370,247.15
 JANUARY FEBRUARY MARCH
CASH 579,056.00 1,113,559.69 1,724,822.18
ACCOUNTS RECIEVABLE 1,721,664.00 1,721,664.00 1,721,664.00
INVENTORY 131,760.00 131,760.00 131,760.00
TOTAL CURRENT ASSET 2,432,480.00 2,966,983.69 3,578,246.18
BUILDING 1,684,000.00 1,684,000.00 1,684,000.00

ACCUMULATED DEPRECIATION-BUILDING - 4,622.22 - 9,244.44 - 13,866.67

EQUIPMENT:
DINNER WARES/CUTLERIES/GLASSWARE 157,865.00 157,865.00 157,865.00
OTHER KITCHEN WARE 14,050.00 14,050.00 14,050.00
TABLE AND CHAIRS 118,250.00 118,250.00 118,250.00
OFFICE COMPUTER 81,000.00 81,000.00 81,000.00
OVEN 69,000.00 69,000.00 69,000.00
WATER DISPENSER 20,000.00 20,000.00 20,000.00
FIRE EXTINGUISHED 12,000.00 12,000.00 12,000.00
GENERATOR 115,000.00 115,000.00 115,000.00
ACCUMULATED DEPRECIATION-
EQUIPMENT - 9,911.08 - 19,822.17 - 29,733.25
TOTAL NON-CURRENT ASSET 2,256,631.69 2,242,098.39 2,227,565.08
TOTAL ASSET 4,689,111.69 5,209,082.08 5,805,811.27

LIABILITIES:
TRADE AND OTHER PAYABLE 1,279,270.00 1,164,631.28 1,164,631.28
VAT PAYABLE 69,534.12 88,141.32 88,141.32
INCOME TAX PAYABLE 173,588.79 180,578.79 180,578.79
NOTES PAYABLE 300,000.00 300,000.00 300,000.00
TOTAL LIABILITIES 1,822,392.91 1,733,351.39 1,733,351.39
PARTNERSHIP EQUITY:
JUAN DELA CRUZ 716,679.70 822,017.32 927,354.95
PEDRO PENDUKO 716,679.70 822,017.32 927,354.95
PABLO GOMEZ 716,679.70 822,017.32 927,354.95
SATIAGO PANIQUE 716,679.70 822,017.32 927,354.95
TOTAL EQUITY 2,866,718.79 3,288,069.29 3,709,419.80
TOTAL LIABILITIES AND EQUITY 4,689,111.69 5,021,420.68 5,442,771.19
APRIL MAY JUNE JULY AUGUST
2,336,084.68 2,947,347.17 3,558,609.66 4,169,872.15 4,781,134.64
1,721,664.00 1,721,664.00 1,721,664.00 1,721,664.00 1,721,664.00
131,760.00 131,760.00 131,760.00 131,760.00 131,760.00
4,189,508.68 4,800,771.17 5,412,033.66 6,023,296.15 6,634,558.64
1,684,000.00 1,684,000.00 1,684,000.00 1,684,000.00 1,684,000.00

- 18,488.89 - 23,111.11 - 27,733.33 - 32,355.56 - 36,977.78

157,865.00 157,865.00 157,865.00 157,865.00 157,865.00

14,050.00 14,050.00 14,050.00 14,050.00 14,050.00
118,250.00 118,250.00 118,250.00 118,250.00 118,250.00
81,000.00 81,000.00 81,000.00 81,000.00 81,000.00
69,000.00 69,000.00 69,000.00 69,000.00 69,000.00
20,000.00 20,000.00 20,000.00 20,000.00 20,000.00
12,000.00 12,000.00 12,000.00 12,000.00 12,000.00
115,000.00 115,000.00 115,000.00 115,000.00 115,000.00

- 39,644.33 - 49,555.42 - 59,466.50 - 69,377.58 - 79,288.67

2,213,031.78 2,198,498.47 2,183,965.17 2,169,431.86 2,154,898.56
6,402,540.45 6,999,269.64 7,595,998.83 8,192,728.01 8,789,457.20

1,164,631.28 1,164,631.28 1,164,631.28 1,164,631.28 1,164,631.28

88,141.32 88,141.32 88,141.32 88,141.32 88,141.32
180,578.79 180,578.79 180,578.79 180,578.79 180,578.79
300,000.00 300,000.00 300,000.00 300,000.00 300,000.00
1,733,351.39 1,733,351.39 1,733,351.39 1,733,351.39 1,733,351.39

1,032,692.58 1,138,030.20 1,243,367.83 1,348,705.46 1,454,043.08

1,032,692.58 1,138,030.20 1,243,367.83 1,348,705.46 1,454,043.08
1,032,692.58 1,138,030.20 1,243,367.83 1,348,705.46 1,454,043.08
1,032,692.58 1,138,030.20 1,243,367.83 1,348,705.46 1,454,043.08
4,130,770.30 4,552,120.81 4,973,471.32 5,394,821.82 5,816,172.33
5,864,121.69 6,285,472.20 6,706,822.71 7,128,173.21 7,549,523.72
SEPTEMBER OCTOBER NOVEMBER DECEMBER
5,381,856.33 6,022,633.07 6,773,719.27 7,524,805.47
1,721,664.00 2,065,996.80 2,065,996.80 2,065,996.80
158,112.00 158,112.00 158,112.00 158,112.00
7,261,632.33 8,246,741.87 8,997,828.07 9,748,914.27
1,684,000.00 1,684,000.00 1,684,000.00 1,684,000.00

- 41,600.00 - 46,222.22 - 50,844.44 - 55,466.67

157,865.00 157,865.00 157,865.00 157,865.00

14,050.00 14,050.00 14,050.00 14,050.00
118,250.00 118,250.00 118,250.00 118,250.00
81,000.00 81,000.00 81,000.00 81,000.00
69,000.00 69,000.00 69,000.00 69,000.00
20,000.00 20,000.00 20,000.00 20,000.00
12,000.00 12,000.00 12,000.00 12,000.00
115,000.00 115,000.00 115,000.00 115,000.00

- 89,199.75 - 99,110.83 - 109,021.92 - 118,933.00

2,140,365.25 2,125,831.94 2,111,298.64 2,096,765.33
9,401,997.58 10,372,573.81 11,109,126.71 11,845,679.61

1,182,339.82 1,370,247.15 1,370,247.15 1,370,247.15

84,979.08 106,166.09 106,166.09 106,166.09
180,578.79 225,640.71 225,640.71 225,640.71
300,000.00 300,000.00 300,000.00 300,000.00
1,747,897.69 2,002,053.95 2,002,053.95 2,002,053.95

1,559,380.71 1,691,004.46 1,822,628.20 1,954,251.95

1,559,380.71 1,691,004.46 1,822,628.20 1,954,251.95
1,559,380.71 1,691,004.46 1,822,628.20 1,954,251.95
1,559,380.71 1,691,004.46 1,822,628.20 1,954,251.95
6,237,522.84 6,764,017.82 7,290,512.81 7,817,007.79
7,985,420.53 8,766,071.77 9,292,566.76 9,819,061.74
 JANUARY FEBRUARY MARCH APRIL
SALES 2,196,000.00 2,196,000.00 2,196,000.00 2,196,000.00
VAT OUTPUT TAX 263,520.00 263,520.00 263,520.00 263,520.00

EXPENSES:
UTILITIES EXPENSE 12,821.00 12,821.00 12,821.00 12,821.00
INSTALLATION COST 13,300.00 - - -
SUPPLIES EXPENSE 700.00 700.00 700.00 700.00
INTEREST EXPENSE 3,000.00 3,000.00 3,000.00 3,000.00
ADVERTISING EXPENSES 43,920.00 43,920.00 43,920.00 43,920.00
LEGAL EXPENSES 10,000.00 - - -
TAXES AND LICENSES 65,880.00 65,880.00 65,880.00 65,880.00
MISCELLANEOUS EXPENSE 17,568.00 17,568.00 17,568.00 17,568.00
TOTAL EXPENSES 167,189.00 143,889.00 143,889.00 143,889.00
PURCHASES 1,449,360.00 1,317,600.00 1,317,600.00 1,317,600.00
TOTAL 1,616,549.00 1,461,489.00 1,461,489.00 1,461,489.00

VAT INPUT TAX 193,985.88 175,378.68 175,378.68 175,378.68

VAT PAYABLE 69,534.12 88,141.32 88,141.32 88,141.32
MAY JUNE JULY AUGUST SEPTEMBER OCTOBER
2,196,000.00 2,196,000.00 2,196,000.00 2,196,000.00 2,196,000.00 2,635,200.00
263,520.00 263,520.00 263,520.00 263,520.00 263,520.00 316,224.00

12,821.00 12,821.00 12,821.00 12,821.00 12,821.00 12,821.00

- - - - - -
700.00 700.00 700.00 700.00 700.00 700.00
3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00
43,920.00 43,920.00 43,920.00 43,920.00 43,920.00 52,704.00
- - - - - -
65,880.00 65,880.00 65,880.00 65,880.00 65,880.00 79,056.00
17,568.00 17,568.00 17,568.00 17,568.00 17,568.00 21,081.60
143,889.00 143,889.00 143,889.00 143,889.00 143,889.00 169,362.60
1,317,600.00 1,317,600.00 1,317,600.00 1,317,600.00 1,343,952.00 1,581,120.00
1,461,489.00 1,461,489.00 1,461,489.00 1,461,489.00 1,487,841.00 1,750,482.60

175,378.68 175,378.68 175,378.68 175,378.68 178,540.92 210,057.91

88,141.32 88,141.32 88,141.32 88,141.32 84,979.08 106,166.09
NOVEMBER DECEMBER
2,635,200.00 2,635,200.00
316,224.00 316,224.00

12,821.00 12,821.00
- -
700.00 700.00
3,000.00 3,000.00
52,704.00 52,704.00
- -
79,056.00 79,056.00
21,081.60 21,081.60
169,362.60 169,362.60
1,581,120.00 1,581,120.00
1,750,482.60 1,750,482.60

210,057.91 210,057.91
106,166.09 106,166.09
 JANUARY FEBRUARY MARCH
BEGINNING 2,866,718.79 2,866,718.79 3,288,069.29
NET INCOME - 421,350.51 421,350.51
TOTAL 2,866,718.79 3,288,069.29 3,709,419.80
716,679.70 822,017.32 927,354.95
716,679.70 822,017.32 927,354.95
716,679.70 822,017.32 927,354.95
716,679.70 822,017.32 927,354.95
APRIL MAY JUNE JULY AUGUST
3,709,419.80 4,130,770.30 4,552,120.81 4,973,471.32 5,394,821.82
421,350.51 421,350.51 421,350.51 421,350.51 421,350.51
4,130,770.30 4,552,120.81 4,973,471.32 5,394,821.82 5,816,172.33
1,032,692.58 1,138,030.20 1,243,367.83 1,348,705.46 1,454,043.08
1,032,692.58 1,138,030.20 1,243,367.83 1,348,705.46 1,454,043.08
1,032,692.58 1,138,030.20 1,243,367.83 1,348,705.46 1,454,043.08
1,032,692.58 1,138,030.20 1,243,367.83 1,348,705.46 1,454,043.08
SEPTEMBER OCTOBER NOVEMBER DECEMBER
5,816,172.33 6,237,522.84 6,764,017.82 7,290,512.81
421,350.51 526,494.99 526,494.99 526,494.99
6,237,522.84 6,764,017.82 7,290,512.81 7,817,007.79
1,559,380.71 1,691,004.46 1,822,628.20 1,954,251.95
1,559,380.71 1,691,004.46 1,822,628.20 1,954,251.95
1,559,380.71 1,691,004.46 1,822,628.20 1,954,251.95
1,559,380.71 1,691,004.46 1,822,628.20 1,954,251.95