Pre- operating Expense

Business Permit Php10,000.00

Initial Fixed Capital Cost
Equipment Php 37,566.00
Furniture and Fixtures 19,400.00 Php 56,966.00
Initial Working Capital (one month)
Cost of Purchases £15,437.50
Operating Expenses (one month)
Utilities Expense Php 2,250.00
Repair and Maintenance 250.00
Store Supplies 460.00
Rent Expense 5,000.00
Transportation Expense 2,000.00
Benefits Contribution 2,795.00
Bookkepeer Honorarium 500.00
Salaries and Wages 23,250.00
Advertisement 187.50 Php 36,692.50
TOTAL 82,403.50
Add: Cash on Hand 2,596.50
TOTAL INVESTMENT COST 85,000.00
 Ukay Ukaya Ko Bi
Projected Income Statement
For the year ended December 31, Year 1-3

YEAR 1 YEAR 2
Sales 562,000.00 722,500
Less: Cost of Sales 185,250.00 243,950
Gross Profit
Operating Expense
Utilities Expense Php 27,000.00 Php 28,350.00
Repair and Maintenance Expen 3,000.00 3,300.00
Store Supplies Expense 5,520.00 5,796.00
Rent Expense 60,000.00 63,000.00
Permit and Licenses 10,000.00 10,500.00
Transportation 24,000.00 25,200.00
Benefits Contribution 33,540.00 33,540.00
Bookkeeper Honorarium 6,000.00 6,000.00
Salaries and Wages 279,000.00 279,000.00
Advertisement 2,250.00 2,250.00
Total Operating Expense Php 450,310.00 Php 456,936.00

NET INCOME
1-3

YEAR 3
997,500
350,700.00

Php 29,767.75
3,630.00
6,085.80
66,150.00
11,025.00
26,460.00
33,540.00
6,000.00
279,000.00
2,250.00
Php 463,908.55
 Ukay Ukaya Ko Bi
Projected Cash Flow
For the year ended December 31, Year 1-3

Cash Inflow YEAR 1 YEAR 2 YEAR 3

Sales Revenue
Less:Cash Outflows
Cost of Sales
Fixed Asset 56,966.00 - -
Utilities Expense 27,000.00 28,350.00 29,767.75
Repair and Maintenance Expens 3,000.00 3,300.00 3,630.00
Store Supplies Expense 5,520.00 5,796.00 6,085.80
Rent Expense 60,000.00 63,000.00 66,150.00
Permit and Licenses 10,000.00 10,500.00 11,025.00
Transportation 24,000.00 25,200.00 26,460.00
Benefits Contribution 33,540.00 33,540.00 33,540.00
Bookkeeper Honorarium 6,000.00 6,000.00 6,000.00
Salaries and Wages 279,000.00 279,000.00 279,000.00
Advertisement 2,250.00 2,250.00 2,250.00
Drawing %
TOTAL
Net Increase in Cash
Add: Cash Balance, Beg
Ending Cash Balance
 Ukay Ukaya Ko Bi
Projected Balance Sheet
As of December 31, Year 1-3

ASSET

YEAR 1 YEAR 2 YEAR 3

Current Asset
Cash
Non Current Asset
Equipment Php 37,566.00 Php 37,566.00 Php 37,566.00
Acc. Depreciation Php 7,513.20 Php 15,026.40 Php 22,539.60
Furniture and Fixtures Php 19,400.00 Php 19,400.00 Php 19,400.00
Acc. Depreciation Php 5,500.00 Php 11,000.00 Php 15,900.00
Total Non Current Asset Php 43,952.80 Php 30,939.60 Php 18,526.40

TOTAL ASSET

Owner's Equity

Capital, Beg.
Add: Net Income
Total
Less: Drawing
TOTAL OWNER'S EQUITY