D’ Mallows

INCOME STATEMENT
For the Year Ended 2018-2022

Schedule 2018 2019

Sales 1 ₱2,016,000.00 ₱2,076,480.00
Cost of goods sold 2 ₱1,563,876.00 ₱1,595,153.52
Gross Profit ₱452,124.00 ₱481,326.48
Less:
Wages and Salaries 3 ₱178,560.00 ₱183,916.80
13th Month Pay 4 ₱14,880.00 ₱17,529.60
Permits and Liscense Expense 5 ₱4,165.00 ₱3,387.10
Repairs and Maintenance 6 ₱10,320.00 ₱10,526.40
Supplies Expense 7 ₱1,272.00 ₱1,297.44
Depreciation Expense 8 ₱17,140.00 ₱17,140.00
Furnitures and Fixtures 9 ₱15,400.00 ₱15,862.00
Advertising Expense 10 ₱5,900.00 -
Equipment 11 ₱140,600.00 ₱143,412.00
Total ₱388,237.00 ₱393,071.34

Income Before Tax ₱63,887.00 ₱88,255.14

MENT
018-2022

2020 2021 2019

₱2,138,774.40 ₱2,202,937.63 ₱2,269,025.76
₱1,627,056.59 ₱1,659,597.72 ₱1,692,789.68
₱511,717.81 ₱543,339.91 ₱576,236.08

₱189,434.30 ₱195,117.33 ₱200,970.85

₱20,919.65 ₱25,270.65 ₱30,869.20
₱3,430.04 ₱3,473.84 ₱3,518.52
₱10,736.93 ₱11,059.04 ₱11,390.81
₱1,323.39 ₱1,349.86 ₱1,376.85
₱17,140.00 ₱17,140.00 ₱17,140.00
₱16,337.86 ₱16,828.00 ₱17,332.84
- - -
₱146,280.24 ₱149,205.84 ₱152,189.96
₱405,602.41 ₱419,444.55 ₱434,789.03

₱106,115.40 ₱123,895.36 ₱141,447.06

 D’ Mallows
Statement of Cash Flows
For the Years Ended 2018-2022

Year 1 Year 2 Year 3

Cash Flow Operating Activities
Cash received from customers ₱2,016,000.00 ₱2,076,480.00 ₱2,138,774.40
Less: Cash paid for goods sold ₱1,563,876.00 ₱1,595,153.52 ₱1,627,056.59
Cash paid for other expenses ₱388,237.00 ₱393,071.34 ₱405,602.41
Add: Depreciation ₱17,140.00 ₱17,140.00 ₱17,140.00
Net Cash Flow from Operating Activities ₱81,027.00 ₱105,395.14 ₱123,255.40

Investing Activities - - -
Financing Activities
Cash to suffice business - (₱100,000.00) (₱100,000.00)
Increse/ decrease in Cash ₱81,027.00 ₱5,395.14 ₱23,255.40
Beginning Cash Balance ₱194,000.00 ₱275,027.00 ₱280,422.14
Ending Cash Balance ₱275,027.00 ₱280,422.14 ₱303,677.54

-194000
 Year 4 Year 5

₱2,202,937.63 ₱2,269,025.76
₱1,659,597.72 ₱1,692,789.68
₱419,444.55 ₱434,789.03
₱17,140.00 ₱17,140.00
₱141,035.36 ₱158,587.06

- -

(₱100,000.00) (₱100,000.00)
₱41,035.36 ₱58,587.06
₱303,677.54 ₱344,712.89
₱344,712.89 ₱403,299.95
 REY'S CULTURED CRAB
Statement of Changes on Owner's Equity
For the Years Ended 2018-2022

Year 1 Year 2 Year 3

Beginning ₱350,000.00 ₱413,887.00 ₱402,142.14
Net Income ₱63,887.00 ₱88,255.14 ₱106,115.40
Total ₱413,887.00 ₱502,142.14 ₱508,257.54
Pagente,Drawings ₱0.00 (₱100,000.00) (₱100,000.00)
Owner's Equity ₱413,887.00 ₱402,142.14 ₱408,257.54
uity

Year 4 Year 5
₱408,257.54 ₱432,152.89
₱123,895.36 ₱141,447.06
₱532,152.89 ₱573,599.95
(₱100,000.00) (₱100,000.00)
₱432,152.89 ₱473,599.95
 D’ Mallows
Balanced Sheet
As of December 31 2018-2022

ASSETS Schedule Year 1 Year 2 Year 3

Current Asset
Cash & Cash Equivalents ₱275,027.00 ₱280,422.14 ₱303,677.54
Total Current Asset ₱275,027.00 ₱280,422.14 ₱303,677.54

Non-current Asset
Furniture and Fixtures 9 ₱15,400.00 ₱15,400.00 ₱15,400.00
Accumulated Depreciation 8 ₱3,080.00 ₱6,160.00 ₱9,240.00
Total ₱12,320.00 ₱9,240.00 ₱6,160.00

Equipment 11 ₱140,600.00 ₱140,600.00 ₱140,600.00

Accumulated Depreciation 8 ₱14,060.00 ₱28,120.00 ₱42,180.00
Total ₱126,540.00 ₱112,480.00 ₱98,420.00

Total Non-Current Asset ₱138,860.00 ₱121,720.00 ₱104,580.00

TOTAL ASSETS ₱413,887.00 ₱402,142.14 ₱408,257.54

LIABILITIES AND OWNER'S EQUITY

Owner's Equity
Pagente, Capital ₱413,887.00 ₱502,142.14 ₱508,257.54
Pagente, drawings ₱0.00 (₱100,000.00) (₱100,000.00)
TOTAL LIABILITIES AND OWNER'S EQUITY ₱413,887.00 ₱402,142.14 ₱408,257.54

₱0.00 ₱0.00 ₱0.00

 Year 4 Year 5

₱344,712.89 ₱403,299.95
₱344,712.89 ₱403,299.95

₱15,400.00 ₱15,400.00
₱12,320.00 ₱15,400.00
₱3,080.00 ₱0.00

₱140,600.00 ₱140,600.00
₱56,240.00 ₱70,300.00
₱84,360.00 ₱70,300.00

₱87,440.00 ₱70,300.00

₱432,152.89 ₱473,599.95

₱532,152.89 ₱573,599.95
(₱100,000.00) (₱100,000.00)
₱432,152.89 ₱473,599.95

₱0.00 ₱0.00
Payback Period:

Year Net Cash Flows Cash to date Payback period

1 ₱275,027.00 ₱275,027.00 1 year

2 ₱280,422.14 ₱555,449.14 3 months and 6 days
3 ₱303,677.54 ₱859,126.68
4 ₱344,712.89 ₱1,203,839.57
5 ₱403,299.95 ₱1,607,139.53

350000
 3.20829161349386 6.24

275027 74973 0.267357634457821

SCHEDULE 1 : SALES

Product
Product # donuts sold/day
Classic Donut 100
Banana Donut 100
Mango Donut 100
Pineapple Donut 100
Strawberry Donut 100
Total

ASSUMPTION: Projected Sales are expected to increase by 5% from 2nd Year to Fifth Year.

SCHEDULE 2: COST OF GOODS SOLD

Product
Classic Donut 2400
Banana Donut 2400
Mango Donut 2400
Pineapple Donut 2400
Strawberry Donut 2400
Total

ASSUMPTION: Cost of Goods Sold are expected to increase by 5% from 2nd Year to Fifth

SCHEDULE 3: SALARIES AND WAGES

basic
Baker ₱8,160.00
Stall Attendant ₱6,720.00
Total

ASSUMPTION: Salaries and Wages are expected to increase by 3% from 2nd Year to Fifth year.

SCHEDULE 4: 13th Month Pay

Year 1
Baker ₱8,160.00
Stall Attendant ₱6,720.00
Total ₱14,880.00

ASSUMPTION: All employees excluding manager will receive 13th month pay at year-end based on thier current sa

SCHEDULE 5: PERMITS AND LISCENSE COST

Year 1
Business Permit ₱1,875.00
Mayor's Permit ₱1,000.00
Tax Clearance ₱10.00
Fire and Zoning Permit ₱20.00
Sanitary Permit ₱200.00
DTI ₱300.00
BIR ₱500.00
Documentary stamp ₱20.00
Garbage Permit ₱240.00
Total ₱4,165.00

ASSUMPTION: Permits and Liscenses are expected to increase 2 % from 2nd Year to Fifth year.

SCHEDULE 6: Repairs and Maintenance

AVERAGE MONTHLY COST
Equipment ₱500.00
Furniture and Fixtures ₱360.00
Totals

ASSUMPTION: Repairs and Maintenance is expected to increase 2 % from 2nd Year to 3rd Year and 3 % from 4th

SCHEDULE 7: Supplies Expense

Item Quantity
Stapler 2
Scotch Tape 2
Paper 2
Ballpens 2
Receipts 2
Basin 2
Garbage Bin 3
Dust pan 2
Broom 2
Diswashing Liquid 2
Soap 2
Rags 5
 Sponges 2
Pump 2
Total

ASSUMPTION: Supplies is expected to increase 2 % from 2nd Year to 5th Year.

SCHEDULE 8: Depreciation Expense

Furniture and Fixtures

Equipment
TOTAL

ASSUMPTION: The estimated useful life of the building, equipment and furniture and fixtures is 10, 10 and 5 years

SCHEDULE 9: Furniture and Fixtures

Item Quantity
Stall 1
Chairs 3
Total

ASSUMPTION: The estimated useful life of the furniture and fixtures is 5 years.

SCHEDULE 10: Advertising Expense

Item Quantity
Grand Opening 1
Flyers and Posters 300
Total

ASSUMPTION: Advertising Expense will only occur at the 1st Year of the business.

SCHEDULE 11: Equipment

ITEM QUANTITY
Movable Bakery Display Cases 2
Delivery vehicles 1
Calculator 1
TOTAL

ASSUMPTION: The estimated useful life of the equipment is 10 years.

 # donuts sold/week # donuts sold/month Price per donut
600 2400 ₱14.00
600 2400 ₱14.00
600 2400 ₱14.00
600 2400 ₱14.00
600 2400 ₱14.00

2nd Year to Fifth Year.

Year 1 Year 2
₱10.40 ₱299,412.00 ₱314,382.60
₱11.56 ₱332,820.00 ₱349,461.00
₱10.73 ₱309,156.00 ₱324,613.80
₱10.73 ₱309,156.00 ₱324,613.80
₱10.88 ₱313,332.00 ₱328,998.60
₱1,563,876.00 ₱1,642,069.80

rom 2nd Year to Fifth

Year 1 Year 2 Year3

₱97,920.00 ₱100,857.60 ₱103,883.33
₱80,640.00 ₱83,059.20 ₱85,550.98
₱178,560.00 ₱183,916.80 ₱189,434.30

rom 2nd Year to Fifth year.

Year 2 Year 3 Year 4

₱10,608.00 ₱13,790.40 ₱17,927.52
₱6,921.60 ₱7,129.25 ₱7,343.13
 ₱17,529.60 ₱20,919.65 ₱25,270.65

month pay at year-end based on thier current salary.

Year 2 Year 3 Year 4

₱1,912.50 ₱1,950.75 ₱1,989.77
₱1,000.00 ₱1,000.00 ₱1,000.00
₱10.20 ₱10.40 ₱10.61
₱20.40 ₱20.81 ₱21.22
₱204.00 ₱208.08 ₱212.24
- - -
- - -
- - -
₱240.00 ₱240.00 ₱240.00
₱3,387.10 ₱3,430.04 ₱3,473.84

from 2nd Year to Fifth year.

Year 1 Year 2 Year 3

₱6,000.00 ₱6,120.00 ₱6,242.40
₱4,320.00 ₱4,406.40 ₱4,494.53
₱10,320.00 ₱10,526.40 ₱10,736.93

from 2nd Year to 3rd Year and 3 % from 4th Year to 5th Year.

Prices per Item Total

₱40.00 ₱80.00
₱17.00 ₱34.00
₱17.00 ₱34.00
₱5.00 ₱10.00
₱50.00 ₱100.00
₱50.00 ₱100.00
₱100.00 ₱300.00
₱35.00 ₱70.00
₱60.00 ₱120.00
₱70.00 ₱140.00
₱12.00 ₱24.00
₱2.00 ₱10.00
 ₱5.00 ₱10.00
₱120.00 ₱240.00
₱1,272.00

to 5th Year.

Total Cost Useful Life Depreciation Expense

₱15,400.00 5 ₱3,080.00
140,600.00 10 ₱14,060.00
₱17,140.00

and furniture and fixtures is 10, 10 and 5 years, respectively.

Prices per Item Total

₱10,000.00 ₱10,000.00
₱1,800.00 ₱5,400.00
₱15,400.00

Prices per Item Total

₱5,000.00 ₱5,000.00
₱3.00 ₱900.00
₱5,900.00

of the business.

UNIT UNIT COST Total

pcs. ₱20,000.00 ₱40,000.00
pcs. ₱100,000.00 ₱100,000.00
pcs. ₱600.00 ₱600.00
₱140,600.00
 Total Sales Annual Sales
₱33,600.00 ₱ 403,200.00
₱33,600.00 ₱ 403,200.00
₱33,600.00 ₱ 403,200.00
₱33,600.00 ₱ 403,200.00
₱33,600.00 ₱ 403,200.00
₱ 2,016,000.00

Year3 Year 4 Year 5

₱330,101.73 ₱346,606.82 ₱363,937.16
₱366,934.05 ₱385,280.75 ₱404,544.79
₱340,844.49 ₱357,886.71 ₱375,781.05
₱340,844.49 ₱357,886.71 ₱375,781.05
₱345,448.53 ₱362,720.96 ₱380,857.00
₱1,724,173.29 ₱1,810,381.95 ₱1,900,901.05

Year 4 Year 5
₱106,999.83 ₱110,209.82
₱88,117.51 ₱90,761.03
₱195,117.33 ₱200,970.85

Year 5
₱23,305.78
₱7,563.42
₱30,869.20

Year 5
₱2,029.56
₱1,000.00
₱10.82
₱21.65
₱216.49
-
-
-
₱240.00
₱3,518.52

Year 4 Year 5
₱6,429.67 ₱6,622.56
₱4,629.36 ₱4,768.24
₱11,059.04 ₱11,390.81
0
 Pricing Strategy

Product Cost of Ingredients Labor Cost Freight In Overhead Total

Classic Donut ₱1,422.50 ₱213.38 ₱5.00 ₱14.23 ₱1,655.10
Banana Donut ₱1,662.50 ₱249.38 ₱5.00 ₱16.63 ₱1,933.50
Mango Donut ₱1,492.50 ₱223.88 ₱5.00 ₱14.93 ₱1,736.30
Pineapple Donut ₱1,492.50 ₱223.88 ₱5.00 ₱14.93 ₱1,736.30
Strawberry Donut ₱1,522.50 ₱228.38 ₱5.00 ₱15.23 ₱1,771.10
Pricing Strategy

# of donuts Made Variable Cost Fixed Cost Price/Donut Mark up Price

240 6.89625 3.5 10.39625 125% 12.9953125
240 8.05625 3.5 11.55625 125% 14.4453125
240 7.2345833333333 3.5 10.734583333333 125% 13.418229167
240 7.2345833333333 3.5 10.734583333333 125% 13.418229167
240 7.3795833333333 3.5 10.879583333333 125% 13.599479167
Selling Price
14
14
14
14
14
 Start Up Expenses

Raw Materials ₱7,592.50

Permits and Liscense Expense ₱4,165.00
Advertising Expense ₱5,900.00
Equipment ₱140,600.00
Total ₱158,257.50

Operating Cost

Wages and Salaries ₱178,560.00

13th Month Pay ₱14,880.00
Repairs and Maintenance ₱10,320.00
Supplies Expense ₱1,272.00
Depreciation Expense ₱17,140.00
Total ₱222,172.00