CREPES DELIGHT

Comparative Projected Statements of Operation

YEAR 1-YEAR 05

YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

Sales(Sched. 6) P 1,876,875.00 2,047,500.00 2,218,125.00 2,388,750.00 2,559,375.00
P 1,876,875.00 2,047,500.00 2,218,125.00 2,388,750.00 2,559,375.00
-
Cost of Sales(Sched. 6) P 1,214,226.00 1,262,795.04 1,313,306.84 1,365,839.12 1,420,472.68
P 1,214,226.00 1,262,795.04 1,313,306.84 1,365,839.12 1,420,472.68
Gross Profit P 662,649.00 784,704.96 904,818.16 1,022,910.88 1,138,902.32

Operating Expenses:
Salaries(Sched. 7) P 393,600.00 403,200.00 412,800.00 422,400.00 432,000.00
SSS,PHIC,&PAG-IBIG(Sched. 7) P 37,214.40 37,214.40 38,913.60 40,608.00 41,208.00
Depreciation(Sched. 3 & 4) P 7,417.61 7,417.61 9,337.89 9,698.70 9,698.70
Power & water(Sched. 7) P 48,000.00 49,920.00 51,916.80 53,993.47 56,153.21
Rent(Sched. 7 P 182,000.00 174,000.00 180,000.00 186,000.00 192,000.00
Advertising Expense P 14,400.00
Taxes and Licenses P 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
Repairs and Maintenance P 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
Supplies(Sched. 2) P 731.19 760.44 790.86 822.49 855.39
P 691,363.20 680,512.45 701,759.15 721,522.66 739,915.30

Net Income P (28,714.20) 104,192.51 203,059.01 301,388.23 398,987.02

Schedule 6: Sales Volume
YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5
Flavor

Very Chocolate 15,288.00 15,288.00 15,288.00 15,288.00 15,288.00

Cost 37.02 38.50 40.04 41.64 43.31
565,962 588,600 612,144 636,630 662,095

Vanilla Ice Cream 5,460.00 5,460.00 5,460.00 5,460.00 5,460.00

Cost 35.74 37.17 38.66 40.20 41.81
195,140 202,946 211,064 219,506 228,287

Fruit Delight 8,736.00 8,736.00 8,736.00 8,736.00 8,736.00

Cost 35.87 37.30 38.80 40.35 41.96
313,360 325,895 338,931 352,488 366,587

Strawberry Delight 6,188.00 6,188.00 6,188.00 6,188.00 6,188.00

Cost 33.64 34.99 36.39 37.84 39.35
208,164 216,491 225,151 234,157 243,523

Caramel Crumble 2,548.00 2,548.00 2,548.00 2,548.00 2,548.00

Cost 30.34 31.55 32.82 34.13 35.49
77,306 80,399 83,615 86,959 90,437

TOTAL 38,220 38,220 38,220 38,220 38,220

Sales Price 55 60 65 70 75
Total Sales 2,102,100.00 2,293,200.00 2,484,300.00 2,675,400.00 2,866,500.00
Sales, net of VAT 1,876,875.00 2,047,500.00 2,218,125.00 2,388,750.00 2,559,375.00

Cost of Sales 1,359,933.12 1,414,330.44 1,470,903.66 1,529,739.81 1,590,929.40

COS, net of VAT 1,214,226.00 1,262,795.04 1,313,306.84 1,365,839.12 1,420,472.68
Schedule 8: Value-Added Tax

Total Sales 2,102,100.00 2,293,200.00 2,484,300.00 2,675,400.00 2,866,500.00

Sales, net of VAT 1,876,875.00 2,047,500.00 2,218,125.00 2,388,750.00 2,559,375.00
Output VAT 225,225.00 245,700.00 266,175.00 286,650.00 307,125.00

Cost of Sales 1,359,933.12 1,414,330.44 1,470,903.66 1,529,739.81 1,590,929.40

COS, net of VAT 1,214,226.00 1,262,795.04 1,313,306.84 1,365,839.12 1,420,472.68
Input VAT 145,707.12 151,535.40 157,596.82 163,900.69 170,456.72

VAT Payable 79,517.88 94,164.60 108,578.18 122,749.31 136,668.28

12 12 12 12 12
VAT Payable, End 6,626.49 7,847.05 9,048.18 10,229.11 11,389.02
Schedule 4:
Year 1 Year 2 Year 3 Year 4 Year 5
Salaries
monthly rate # of employees
8,200.00 4 393,600.00
8,400.00 4 403,200.00
8,600.00 4 412,800.00
8,800.00 4 422,400.00
9,000.00 4 432,000.00

SSS, PHIC, and PAG-IBIG

ER Contribution # of employees

SSS 575.30 4 27,614.40

PHIC 100.00 4 4,800.00
PAG-IBIG 100.00 4 4,800.00
37,214.40

SSS 575.30 4 27,614.40

PHIC 100.00 4 4,800.00
PAG-IBIG 100.00 4 4,800.00
37,214.40

SSS 610.70 4 29,313.60

PHIC 100.00 4 4,800.00
PAG-IBIG 100.00 4 4,800.00
38,913.60

SSS 646.00 4 31,008.00

PHIC 100.00 4 4,800.00
PAG-IBIG 100.00 4 4,800.00
40,608.00

SSS 646.00 4 31,008.00

PHIC 112.50 4 5,400.00
PAG-IBIG 100.00 4 4,800.00
41,208.00
Power
monthly bill months
4,000.00 12 48,000.00 48,000.00 48,000.00 48,000.00 48,000.00

Rent
monthly rent
14,000.00 12 168,000.00
14,500.00 12 174,000.00
15,000.00 12 180,000.00
15,500.00 12 186,000.00
16,000.00 12 192,000.00
 YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

Break-even point in units= Fixed Cost

Weighted Contribution Margin

= 691,363 680,512 701,759 721,523 739,915

17.34 20.53 23.67 26.76 29.80
= 39,876 33,145 29,643 26,959 24,831

Very Chocolate 15,950 13,258 11,857 10,784 9,932

Vanilla Ice Cream 5,697 4,735 4,235 3,851 3,547
Fruit Delight 9,115 7,576 6,775 6,162 5,676
Strawberry Delight 6,456 5,366 4,799 4,365 4,020
Caramel Crumble 2,658 2,210 1,976 1,797 1,655
39,876 33,145 29,643 26,959 24,831

Break-even point in units 39,876 33,145 29,643 26,959 24,831

Sales Price 49 54 58 63 67
Break-even point in pesos 1,958,205 1,775,635 1,720,334 1,684,934 1,662,760
Weighted variable cost (1,266,841) (1,095,122) (1,018,575) (963,411) (922,844)
Weighted Contribution Margin 691,363 680,512 701,759 721,523 739,915
Less: Fixed cost 691,363 680,512 701,759 721,523 739,915
Net Income - - - - -

Sales Volume
YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5
Flavor

Very Chocolate 15,288.00 15,288.00 15,288.00 15,288.00 15,288.00

Cost 37.02 38.50 40.04 41.64 43.31
Vanilla Ice Cream 5,460.00 5,460.00 5,460.00 5,460.00 5,460.00
Cost 35.74 37.17 38.66 40.20 41.81
Fruit Delight 8,736.00 8,736.00 8,736.00 8,736.00 8,736.00
Cost 35.87 37.30 38.80 40.35 41.96
Strawberry Delight 6,188.00 6,188.00 6,188.00 6,188.00 6,188.00
Cost 33.64 34.99 36.39 37.84 39.35
Caramel Crumble 2,548.00 2,548.00 2,548.00 2,548.00 2,548.00
Cost 30.34 31.55 32.82 34.13 35.49
TOTAL 38,220 38,220 38,220 38,220 38,220
Sales Mix
PERCENTAGE
Very Chocolate 0.40 0.40 0.40 0.40 0.40
Vanilla Ice Cream 0.14 0.14 0.14 0.14 0.14
Fruit Delight 0.23 0.23 0.23 0.23 0.23
Strawberry Delight 0.16 0.16 0.16 0.16 0.16
Caramel Crumble 0.07 0.07 0.07 0.07 0.07
1.00 1.00 1.00 1.00 1.00

Weighted Variable Cost

Very Chocolate 13.22 13.75 14.30 14.87 15.47

Vanilla Ice Cream 4.56 4.74 4.93 5.13 5.33
Fruit Delight 7.32 7.61 7.92 8.23 8.56
Strawberry Delight 4.86 5.06 5.26 5.47 5.69
Caramel Crumble 1.81 1.88 1.95 2.03 2.11
31.77 33.04 34.36 35.74 37.17

Weighted Contribution Margin

Sales Price 49.11 53.57 58.04 62.50 66.96

Weighted Variable Cost 31.77 33.04 34.36 35.74 37.17
Weighted Contribution Margin 17.34 20.53 23.67 26.76 29.80