JEC'S COFFEE SHOP

PROJECTED STATEMENT OF FINANCIAL PERFORMANCE

FOR THE YEAR ENDED DECEMBER 31, 2019

JANUARY FEBRUARY MARCH

SALES 2,196,000.00 2,196,000.00 2,196,000.00
Less: cost of Sales 1,317,600.00 1,317,600.00 1,317,600.00
GROSS INCOME 878,400.00 878,400.00 878,400.00
LESS:
EXPENSES
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 10,821.00 10,821.00 10,821.00
INSTALLATION COST 13,300.00 - -
SUPPLIES EXPENSE 700.00 700.00 700.00
INTEREST EXPENSE 3,000.00 3,000.00 3,000.00
ADVETISING EXPENSE 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
DEPN EXPENSES 14,533.31 14,533.31 14,533.31
MISC. EXPENSES 17,568.00 17,568.00 17,568.00
TOTAL EXPENSE 297,770.71 274,470.71 274,470.71
NET INCOME 580,629.29 603,929.29 603,929.29
LESS: TAX EXPENSE 174,188.79 181,178.79 181,178.79
INCOME AFTER TAX 406,440.51 422,750.51 422,750.51
JEC'S COFFEE SHOP
PROJECTED STATEMENT OF FINANCIAL PERFORMANCE
FOR THE YEAR ENDED DECEMBER 31, 2019

APRIL MAY JUNE

SALES 2,196,000.00 2,196,000.00 2,196,000.00
Less: cost of Sales 1,317,600.00 1,317,600.00 1,317,600.00
GROSS INCOME 878,400.00 878,400.00 878,400.00
LESS:
EXPENSES
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 10,821.00 10,821.00 10,821.00
INSTALLATION COST - - -
SUPPLIES EXPENSE 700.00 700.00 700.00
INTEREST EXPENSE 3,000.00 3,000.00 3,000.00
ADVETISING EXPENSE 43,920.00 43,920.00 43,920.00
LEGAL EXPENSES - - -
TAXES AND LICENSES 65,880.00 65,880.00 65,880.00
DEPN EXPENSES 14,533.31 14,533.31 14,533.31
MISC. EXPENSES 17,568.00 17,568.00 17,568.00
TOTAL EXPENSE 274,470.71 274,470.71 274,470.71
NET INCOME 603,929.29 603,929.29 603,929.29
LESS: TAX EXPENSE 181,178.79 181,178.79 181,178.79
INCOME AFTER TAX 422,750.51 422,750.51 422,750.51
JEC'S COFFEE SHOP
PROJECTED STATEMENT OF FINANCIAL PERFORMANCE
FOR THE YEAR ENDED DECEMBER 31, 2019

JULY AUGUST SEPTEMBER

SALES 2,196,000.00 2,196,000.00 2,196,000.00
Less: cost of Sales 1,317,600.00 1,317,600.00 1,317,600.00
GROSS INCOME 878,400.00 878,400.00 878,400.00
LESS:
EXPENSES
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 10,821.00 10,821.00 10,821.00
INSTALLATION COST - - -
SUPPLIES EXPENSE 700.00 700.00 700.00
INTEREST EXPENSE 3,000.00 3,000.00 3,000.00
ADVETISING EXPENSE 43,920.00 43,920.00 43,920.00
LEGAL EXPENSES - - -
TAXES AND LICENSES 65,880.00 65,880.00 65,880.00
DEPN EXPENSES 14,533.31 14,533.31 14,533.31
MISC. EXPENSES 17,568.00 17,568.00 17,568.00
TOTAL EXPENSE 274,470.71 274,470.71 274,470.71
NET INCOME 603,929.29 603,929.29 603,929.29
LESS: TAX EXPENSE 181,178.79 181,178.79 181,178.79
INCOME AFTER TAX 422,750.51 422,750.51 422,750.51
JEC'S COFFEE SHOP
PROJECTED STATEMENT OF FINANCIAL PERFORMANCE
FOR THE YEAR ENDED DECEMBER 31, 2019

OCTOBER NOVEMBER DECEMBER

SALES 2,635,200.00 2,635,200.00 2,635,200.00
Less: cost of Sales 1,581,120.00 1,581,120.00 1,581,120.00
GROSS INCOME 1,054,080.00 1,054,080.00 1,054,080.00
LESS:
EXPENSES
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 10,821.00 10,821.00 10,821.00
INSTALLATION COST - - -
SUPPLIES EXPENSE 700.00 700.00 700.00
INTEREST EXPENSE 3,000.00 3,000.00 3,000.00
ADVETISING EXPENSE 52,704.00 52,704.00 52,704.00
LEGAL EXPENSES - - -
TAXES AND LICENSES 79,056.00 79,056.00 79,056.00
DEPN EXPENSES 14,533.31 14,533.31 14,533.31
MISC. EXPENSES 21,081.60 21,081.60 21,081.60
TOTAL EXPENSE 299,944.31 299,944.31 299,944.31
NET INCOME 754,135.69 754,135.69 754,135.69
LESS: TAX EXPENSE 226,240.71 226,240.71 226,240.71
INCOME AFTER TAX 527,894.99 527,894.99 527,894.99
ASSUMPTION
JAN 100%
GROSS INCOME 40% FEB 100%
MAR 100%
COST RATIO 60% APR 100%
MAY 100%
JUN 100%
TAXES AND
LICENSES 3% JUL 100%
ADVERTISING
EXPENSE 2% AUG 100%
PRINCIPAL 300000 SEP 100%
INTEREST RATE 12% OCT 120%
INTEREST
EXPENSE 3000 NOV 120%

MISCELLANEOUS
EXPENSE 2% DEC 120%
INCOME TAX
RATE 30%

CASH
COLLECTION:
CASH SALES 30%
COOLECTED
AFTER 30 DAYS 70%

PAYMENT
SCHEDULE:
CASH 40%
PAID AFTER 30
DAYS 60%

INVENTORY 10%

OUTPUT TAX 12%

PURCHASES
PLUS
INPUT TAX EXPENSES 12%
CREATE ANNUAL DEPRECIATION SCHEDULE

ESTIMATED
LIFE SALVAGE
ITEM COST (YEARS) VALUE
BUILDING 1,684,000.00 30.00 20,000.00
EQUIPMENT
DINNER WARES/CUTLERRIES/GLASSWARE 157,865.00 5.00 -
OTHER KITCHEN WARE 14,050.00 5.00 -
TABLES 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 EXTINGUISHER 12,000.00 2.00 1,000.00
GENERATOR 115,000.00 5.00 2,000.00
MONTHLY
DEPRECIATION
4,622.22

2,631.08
234.17
1,937.50
1,300.00
1,133.33
333.33
458.33
1,883.33
14,533.31
CASH COLLECTION SCHEDULE

JANUARY FEBRUARY MARCH APRIL

SALES 2,196,000.00 2,196,000.00 2,196,000.00 2,196,000.00
CASH SALES 658,800.00 658,800.00 658,800.00 658,800.00
COLLECTED
AFTER 30 DAYS 1,537,200.00 1,537,200.00 1,537,200.00
TOTAL COLLECTIONS 658,800.00 2,196,000.00 2,196,000.00 2,196,000.00
MAY JUNE JULY AUGUST SEPTEMBER
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

2,196,000.00 2,196,000.00 2,196,000.00 2,196,000.00 2,196,000.00
OCTOBER NOVEMBER DECEMBER
2,635,200.00 2,635,200.00 2,635,200.00
790,560.00 790,560.00 790,560.00

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

2,327,760.00 2,635,200.00 2,635,200.00
CASH DISBURSEMENT SCHEDULE
JANUARY FEBRUARY MARCH APRIL
COST OF SALES 1,317,600.00 1,317,600.00 1,317,600.00 1,317,600.00
ADD: REQ. INVENTORY 131,760.00 131,760.00 131,760.00 131,760.00
TOTAL REQUIREMENTS 1,449,360.00 1,449,360.00 1,449,360.00 1,449,360.00
BEG. INVENTORY 131,760.00 131,760.00 131,760.00
BUDGETED PURCHASES 1,449,360.00 1,317,600.00 1,317,600.00 1,317,600.00

JANUARY FEBRUARY MARCH APRIL

PAYMENT IN CASH 579,744.00 527,040.00 527,040.00 527,040.00
PAID AFTER 30 DAYS 869,616.00 790,560.00 790,560.00
TOTAL PURCHASE PAYMENT 579,744.00 1,396,656.00 1,317,600.00 1,317,600.00

SALARIES AND WAGES 108,028.00 108,028.00 108,028.00 108,028.00

EMPLOYEE BENEFITS 10,020.40 10,020.40 10,020.40 10,020.40
UTILITIES EXPENSE 10,821.00 10,821.00 10,821.00 10,821.00
INSTALLATION COSTS 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 EXPENSE 43,920.00 43,920.00 43,920.00 43,920.00
LEGAL EXPENSE 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 DISBURSEMENTS 862,981.40 1,656,593.40 1,577,537.40 1,577,537.40
MAY JUNE JULY AUGUST SEPTEMBER OCTOBER
1,317,600.00 1,317,600.00 1,317,600.00 1,317,600.00 1,317,600.00 1,581,120.00
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 1,739,232.00
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 1,607,472.00

MAY JUNE JULY AUGUST SEPTEMBER OCTOBER

527,040.00 527,040.00 527,040.00 527,040.00 527,040.00 642,988.80
790,560.00 790,560.00 790,560.00 790,560.00 790,560.00 790,560.00
1,317,600.00 1,317,600.00 1,317,600.00 1,317,600.00 1,317,600.00 1,433,548.80

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
10,821.00 10,821.00 10,821.00 10,821.00 10,821.00 10,821.00
- - - - - -
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
1,577,537.40 1,577,537.40 1,577,537.40 1,577,537.40 1,577,537.40 1,718,959.80
NOVEMBER DECEMBER
1,581,120.00 1,581,120.00
158,112.00 158,112.00
1,739,232.00 1,739,232.00
158,112.00 158,112.00
1,581,120.00 1,581,120.00

NOVEMBER DECEMBER
632,448.00 632,448.00
964,483.20 948,672.00
1,596,931.20 1,581,120.00

108,028.00 108,028.00
10,020.40 10,020.40
10,821.00 10,821.00
- -
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
1,882,342.20 1,866,531.00
SCHEDULE OF INPUT TAX

JANUARY FEBRUARY MARCH APRIL

SALES 2,196,000.00 2,196,000.00 2,196,000.00 2,196,000.00
VAT OUTPUT 263,520.00 263,520.00 263,520.00 263,520.00
EXPENSES:
UTILITIES EXPENSE 10,821.00 10,821.00 10,821.00 10,821.00
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 EXPENSE 43,920.00 43,920.00 43,920.00 43,920.00
LEGAL EXPENSE 10,000.00 - - -
TAXES AND LICENSES 65,880.00 65,880.00 65,880.00 65,880.00
MISCELLANEOUS EXPEN 17,568.00 17,568.00 17,568.00 17,568.00
TOTAL EXPENSES 165,189.00 141,889.00 141,889.00 141,889.00
PURCHASES 1,449,360.00 1,317,600.00 1,317,600.00 1,317,600.00
TOTAL 1,614,549.00 1,459,489.00 1,459,489.00 1,459,489.00

VAT INPUT 193,745.88 175,138.68 175,138.68 175,138.68

VAT PAYABLE 69,774.12 88,381.32 88,381.32 88,381.32
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

10,821.00 10,821.00 10,821.00 10,821.00 10,821.00 10,821.00

- - - - - -
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
141,889.00 141,889.00 141,889.00 141,889.00 141,889.00 167,362.60
1,317,600.00 1,317,600.00 1,317,600.00 1,317,600.00 1,317,600.00 1,607,472.00
1,459,489.00 1,459,489.00 1,459,489.00 1,459,489.00 1,459,489.00 1,774,834.60

175,138.68 175,138.68 175,138.68 175,138.68 175,138.68 212,980.15

88,381.32 88,381.32 88,381.32 88,381.32 88,381.32 103,243.85
NOVEMBER DECEMBER
2,635,200.00 2,635,200.00
316,224.00 316,224.00

10,821.00 10,821.00
- -
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
167,362.60 167,362.60
1,581,120.00 1,581,120.00
1,748,482.60 1,748,482.60

209,817.91 209,817.91
106,406.09 106,406.09