TAXES AND LICENSES

DTI Business Name registration Fee ( city )

Filing Fee
Legal Research
Articles and By-Laws
Documentary Stamp
LTFRB
Baranggay Clearance
Sanitary permit fee
License to operate
Garbage Collection fee
BIR Annual Registration fee
Certification fee
Documentary Stamp Tax
Print receipts and invoices at accredited printshops by BIR
Environmental Compliance Certificate (ECC)
Total

*This will be incurred at the beginning of the year.

Year Taxes and Licenses

1 30,305.00
2 13,635.00
3 13,635.00
4 13,635.00
5 13,635.00
 300.00
16,000.00
160.00
510.00
15.00
1,900.00
500.00
200.00
800.00
1,200.00
500.00
50.00
115.00
3,000.00
5,055.00
30,305.00
 Schedule of Property Plant and Equipment
Items Qty. Qty. Type Unit Cost
Land 20,000 sqm. 450
Building
Brooding House 1 unit 350,000.00
Growimg House 1 unit 350,000.00
Laying House 2 unit 450,000.00
Packing/Storage House 1 unit 100,000.00
Office Building 1 unit 150,000.00
Sub-Total

Office Furnitures and Fixtures

Office Table 3 pcs. 2,700.00
Office Chair 3 pcs. 1,900.00
Steel Drawer Cabinet 1 pcs. 7,000.00
Sub-Total Office Furnitures and Fixtures

Delivery Equipments
Delivery Vehicle 1 unit 580,000.00
Sub-Total Delivery Equipments

Office Equipment
Airconditioner 1 unit 10,000.00
PC set 2 unit 20,000.00
Printer with photocopier 1 unit 5,000.00
Sub-Total Office Equipment

Total Property, Plant and Equipment

Total Cost
9,000,000.00 9,000,000.00

350,000.00
350,000.00
900,000.00
100,000.00
150,000.00 1,850,000.00
10,850,000.00

8,100.00
5,700.00
7,000.00 20,800.00
20,800.00

580,000.00 580,000.00
580,000.00

10,000.00
40,000.00
5,000.00 55,000.00
55,000.00

11,505,800.00
 Depreciation Schedule
Method of Depreciation Employed: Straight-Line Method

1. Building Php 1,850,000.00

5 years
= 370,000.00
2. Office Furnitures and Fixtures Php 20,800.00
5 years
= 4,160.00
3. Delivery Equipments Php 580,000.00
5 years
= 116,000.00
4. Office Equipment Php 55,000.00
5 years
= 11,000.00
Total Annual Depreciation Php 501,160.00

Property, Plant and Equipment Cost Accumulated Depreciation Book Value

Year 1 11,505,800.00 501,160.00 11,004,640.00

Year 2 11,505,800.00 1,002,320.00 10,503,480.00
Year 3 11,505,800.00 1,503,480.00 10,002,320.00
Year 4 11,505,800.00 2,004,640.00 9,501,160.00
Year 5 11,505,800.00 2,505,800.00 9,000,000.00
 SALARIES AND WAGES SCHEDULE

Job Number of Workers Rate per month

General and Selling Administrative

General Manager 1 25,000.00
Accountant 1 20,000.00
Driver 1 15,000.00
Operational Manager 1 18,000.00

2019 Salaries and Wages 13th month

Months 80,200.00
January 80,200.00
February 80,200.00
March 80,200.00
April 80,200.00
May 80,200.00
June 80,200.00
July 80,200.00
August 80,200.00
September 80,200.00
October 80,200.00
November 80,200.00
December 80,200.00 78,000.00
1,042,600.00

Year Total Monthly Salary 13 months to pay

1 1,042,600.00 78,000.00
2 1,073,878.00 80,340.00
3 1,106,094.34 82,750.20
4 1,139,277.17 85,232.71
5 1,173,455.49 87,789.69

*The salaries will increase by 3% every year

SALARIES AND WAGES SCHEDULE
*Every December

Cost of Living Allowance Salaries and

Wages per month Employee Benefits-
(COLA) per month 13th month pay
plus COLA

700 25,700.00 25,000.00

500 20,500.00 20,000.00
500 15,500.00 15,000.00
500 18,500.00 18,000.00
80,200.00 78,000.00

Total Monthly Salaries and Wages

80,200.00
80,200.00
80,200.00
80,200.00
80,200.00
80,200.00
80,200.00
80,200.00
80,200.00
80,200.00
80,200.00
80,200.00
158,200.00
1,120,600.00

Yearly Salaries and Wages

1,120,600.00
1,154,218.00
1,188,844.54
1,224,509.88
1,261,245.17

increase by 3% every year

 SUPPLIES EXPENSE

Item Qty. Qty. Type Unit Cost Total Cost

Logbook 2 pc. 50.00 100.00
Columnar Notebook 3 pc. 40.00 120.00
Ballpen 1 box 150.00 150.00
Pencil 1 box 120.00 120.00
Pentelpen 1 box 300.00 300.00
Puncher 1 pc 120.00 120.00
Calculator 2 pcs 300.00 600.00
Ink and Toner Catridges for Printer 3 pcs. 500.00 1,500.00
Ream of Bondpaper 5 pcs. 200.00 1,000.00
Fastener 2 box 40.00 80.00
Brown Envelopes 50 pcs 3.50 175.00
Folders 20 pcs 4.00 80.00
Total - Annual Supplies PhP 4,345.00

YEAR 2 to 5
Item Qty. Qty. Type Unit Cost Total Cost
Logbook 2 pc. 50.00 100.00
Columnar Notebook 3 pc. 40.00 120.00
Ream of Bondpaper 5 pcs. 200.00 1,000.00
Fastener 2 box 40.00 80.00
Brown Envelopes 50 pcs 3.50 175.00
Folders 20 pcs 4.00 80.00
Ballpen 1 box 150.00 150.00
Ink and Toner Catridges for Printer 3 pcs. 500.00 1,500.00
Total - Annual Supplies PhP 3,205.00
Schedule 4. Utilities Expense - Yearly

A B C (A + B+ C)
Yearly Utilities
Year Light Water Communication Expense
1 Php84,811.60 Php36,680.00 Php22,788.00 Php144,279.60
2 Php87,854.11 Php37,963.80 Php23,585.58 Php149,403.49
3 Php90,896.70 Php39,292.53 Php24,411.14 Php154,600.37
4 Php94,129.39 Php40,667.96 Php25,265.51 Php160,062.86
5 Php97,362.16 Php42,091.22 Php26,149.81 Php165,603.20

**The 3.5% inflation is considered for yearly utility charges.

Computation
Light - (Lights, Computers,
Electrical Machines) A B C D
Metering Charge
Charge per KwH - per year (in Php)
3.5% inflation No. of working - 3.5% inflation
Year rate KwH per day days per year rate
1 4.62 51 360 Php60.00
2 4.78 51 360 62.10
3 4.95 51 360 64.27
4 5.12 51 360 66.52
5 5.30 51 360 68.85

Water - (Office, Office

Comfort Room, Carwash) A B C D
Charge per Meter rental fee
Cubic meter- per year (in Php)
3.5% inflation Cubic meter per No. of working - 3.5% inflation
Year rate day days per year rate
1 10 10 365 Php180.00
2 10.3500 10 365 186.30
3 10.7123 10 365 192.82
4 11.0872 10 365 199.57
5 11.4753 10 365 206.55

Communication - Monthly
(Telephone, Internet, expense - 3.5% No. of months per
Cellphone Call and Text) Year inflation rate year Yearly Expense
2019 Php1,899.00 12 Php22,788.00
2020 1,965.47 12 Php23,585.58
2021 2,034.26 12 Php24,411.14
2022 2,105.46 12 Php25,265.51
2023 2,179.15 12 Php26,149.81
(A x B x C) + D

Yearly Light
Expense
Php84,811.60
Php87,854.11
Php90,896.70
Php94,129.39
Php97,362.16

(A x B x C) + D

Yearly Water
Expense
Php36,680.00
Php37,963.80
Php39,292.53
Php40,667.96
Php42,091.22
OPERATING EXPENSE
EXPENSES YEAR 1 YEAR 2
Schedule 1 FARM EXPENSE
Schedule 2 SUPPLIES EXEPENSE 4,345.00 3,205.00
Schedule 3 DEPRECIATION EXPENSE 501,160.00 501,160.00
Schedule 4 UTILITIES EXPENSE 144,279.60 149,403.49
Schedule 5 TAXES AND LICENSES 30,305.00 13,635.00
Schedule 6 SALARIES AND WAGES 1,120,600.00 1,154,218.00
Schedule 7 SSS & PHIC CONTRIBUTION
TOTAL
 YEAR 3 YEAR 4 YEAR 5

3,205.00 3,205.00 3,205.00

501,160.00 501,160.00 501,160.00
154,600.37 160,062.86 165,603.20
13,635.00 13,635.00 13,635.00
### 1,224,509.88 1,261,245.17
 Schedule 7. SSS & PHIC - Employer's Share
Year SSS PHIC Total
1 Php36,336.00 Php9,000.00 Php45,336.00
2 53,774.40 9,750.00 63,524.40
3 58,134.00 10,500.00 68,634.00
4 62,493.60 11,250.00 73,743.60
5 66,853.20 12,000.00 78,853.20
Total

Year 1
1. Social Security System (SSS) Php36,336.00
2. Philhealth (PHIC) 9,000.00
Total Yearly SSS & PHIC - Employer's Share Php45,336.00

1. Social Security System A B C

Gross Salary per
Job Number of Workers SSS Employer's Share
year
Manager 1 Php300,000.00 Php1,090.00
Accountant 1 240,000.00 858.00
Driver 1 180,000.00 716.70
Operational Manager 1 216,000.00 363.30
Total

2. Philhealth (PHIC) A B C
Gross Salary per
Job Number of Workers PHIC Employer's Share
year
Manager 1 Php300,000.00 Php225.00
Bookkeeper/Accountant 1 240,000.00 150.00
Cage Supervisor 1 180,000.00 125.00
Fish Farmer 4 216,000.00 62.50
Total

Year 2
1. Social Security System (SSS) Php53,774.40
2. Philhealth (PHIC) 9,750.00
Total Yearly SSS & PHIC - Employer's Share Php63,524.40

1. Social Security System A B C

Gross Salary per
Job Number of Workers SSS Employer's Share
year
Manager 1 Php315,000.00 Php1,090.00
Bookkeeper/Accountant 1 252,000.00 858.00
Cage Supervisor 1 189,000.00 716.70
Fish Farmer 5 25,000.00 363.30
Total

2. Philhealth (PHIC) A B C
Gross Salary per
Job Number of Workers PHIC Employer's Share
year
Manager 1 Php315,000.00 Php225.00
Bookkeeper/Accountant 1 Php252,000.00 150.00
Cage Supervisor 1 Php189,000.00 125.00
Fish Farmer 5 Php25,000.00 62.50
Total

Year 3
1. Social Security System (SSS) Php58,134.00
2. Philhealth (PHIC) 10,500.00
Total Yearly SSS & PHIC - Employer's Share Php68,634.00

1. Social Security System A B C

Gross Salary per
Job Number of Workers SSS Employer's Share
year
Manager 1 Php330,750.00 Php1,090.00
Bookkeeper/Accountant 1 264,600.00 858.00
Cage Supervisor 1 198,450.00 716.70
Fish Farmer 6 25,000.00 363.30
Total

2. Philhealth (PHIC) A B C
Gross Salary per
Job Number of Workers PHIC Employer's Share
year
Manager 1 Php330,750.00 Php225.00
Bookkeeper/Accountant 1 Php264,600.00 150.00
Cage Supervisor 1 Php198,450.00 125.00
Fish Farmer 6 Php25,000.00 62.50
Total

Year 4
1. Social Security System (SSS) Php62,493.60
2. Philhealth (PHIC) 11,250.00
Total Yearly SSS & PHIC - Employer's Share Php73,743.60
1. Social Security System A B C
Gross Salary per
Job Number of Workers SSS Employer's Share
year
Manager 1 Php347,287.50 Php1,090.00
Bookkeeper/Accountant 1 277,830.00 858.00
Cage Supervisor 1 208,372.50 716.70
Fish Farmer 7 25,000.00 363.30
Total

2. Philhealth (PHIC) A B C
Gross Salary per
Job Number of Workers PHIC Employer's Share
year
Manager 1 Php347,287.50 Php225.00
Bookkeeper/Accountant 1 Php277,830.00 150.00
Cage Supervisor 1 Php208,372.50 125.00
Fish Farmer 7 Php25,000.00 62.50
Total

Year 5
1. Social Security System (SSS) Php66,853.20
2. Philhealth (PHIC) 12,000.00
Total Yearly SSS & PHIC - Employer's Share Php78,853.20

1. Social Security System A B C

Gross Salary per
Job Number of Workers SSS Employer's Share
year
Manager 1 Php364,651.88 Php1,090.00
Bookkeeper/Accountant 1 291,721.50 858.00
Cage Supervisor 1 218,791.13 716.70
Fish Farmer 8 25,000.00 363.30
Total

2. Philhealth (PHIC) A B C
Gross Salary per
Job Number of Workers PHIC Employer's Share
year
Manager 1 Php364,651.88 Php225.00
Bookkeeper/Accountant 1 Php291,721.50 150.00
Cage Supervisor 1 Php218,791.13 125.00
Fish Farmer 8 Php25,000.00 62.50
Total
(A x C) x 12 months
Total Yearly SSS
Employer's Share
Php13,080.00
10,296.00
8,600.40
4,359.60
Php36,336.00

(A x C) x 12 months
Total Yearly PHIC
Employer's Share
Php2,700.00
1,800.00
1,500.00
3,000.00
Php9,000.00

(A x C) x 12 months
Total Yearly SSS
Employer's Share
Php13,080.00
10,296.00
 8,600.40
21,798.00
Php53,774.40

(A x C) x 12 months
Total Yearly PHIC
Employer's Share
Php2,700.00
1,800.00
1,500.00
3,750.00
Php9,750.00

(A x C) x 12 months
Total Yearly SSS
Employer's Share
Php13,080.00
10,296.00
8,600.40
26,157.60
Php58,134.00

(A x C) x 12 months
Total Yearly PHIC
Employer's Share
Php2,700.00
1,800.00
1,500.00
4,500.00
Php10,500.00
(A x C) x 12 months
Total Yearly SSS
Employer's Share
Php13,080.00
10,296.00
8,600.40
30,517.20
Php62,493.60

(A x C) x 12 months
Total Yearly PHIC
Employer's Share
Php2,700.00
1,800.00
1,500.00
5,250.00
Php11,250.00

(A x C) x 12 months
Total Yearly SSS
Employer's Share
Php13,080.00
10,296.00
8,600.40
34,876.80
Php66,853.20

(A x C) x 12 months
Total Yearly PHIC
Employer's Share
Php2,700.00
1,800.00
1,500.00
6,000.00
Php12,000.00
 COST OF PRODUCTION

Year 1
Direct Materials:
1. Fingerlings (P6.50/pc. X 30,000 x 4 cages x 2 batches) 1,560,000.00
2. Feeds:A. Starter (P582 x 30sacks x 4 cages x 2 batches) 139,680.00
B. Grower (P698 x 405sacks x 4 cages x 2 batches) 2,261,520.00
C. Finisher (P676 x 270sacks x 4 cages x 2 batches) 1,460,160.00
Total
Direct Labor:
1. Fish Farmer (P5,000 x 12mos. X 4 farmers) 240,000.00
2. Harvester (5,500 x 2 harvest x 4 cages) 44,000.00
Total
Manufacturing Overhead:
1. Diesel for boat (224 liters/year for 4 cages @P53.00/liter) 11,872.00

Total Cost of Production

5,421,360.00

284,000.00

11,872.00
5,717,232.00