2020 2021

CIP 15M CIP 10M

Cash 15M Cash

A/R 7M A/R 13M

PB 7M PB

A/R 7M A/R 11M

Cash 7M Cash

PCM ZPM PCM

CIP 1.5M 0 CIP 1M

Cost of Const. 15M 15M Cost of Const. 10M
Const. Reve. 16.5M 15M Const. Reve.

CIP 16.5M 15M CIP 27.5 M

PB 7M 7M PB 20 M
9.5M CA 8M CA 7.5 M
 2020 2021 2022
Contract Price 55,000,000.00 55,000,000.00 55,000,000.00
Cost Incurred to date 15,000,000.00 25,000,000.00 35,000,000.00
Estimated costs to 35,000,000.00 25,000,000.00 15,000,000.00
complete
Total estimated costs 50,000,000.00 50,000,000.00 50,000,000.00
Expected Gross Profit 5,000,000.00 5,000,000.00 5,000,000.00
% of Completion 0.30 0.50 0.70
Gross profit to date 1,500,000.00 2,500,000.00 3,500,000.00
Gross profit earned in prior - 1,500,000.00 2,500,000.00
year(s)
Gross profit (loss) during 1,500,000.00 1,000,000.00 1,000,000.00
the year

2023
Upon delivery of the project
10M CIP 55M
PB 55M

13M PB 55M
CIP

11M

ZPM

0
10M
11M 10M

10M
7M
3M CA
 2023
55,000,000.00
50,000,000.00
-

50,000,000.00
5,000,000.00
1
5,000,000.00

3,500,000.00

1,500,000.00

55M
2. Compute for the Current Asset or Current Liability to be recorded in the FS per year.

2020 (PCM)

CIP 3.4 M
Cash 3.4M

A/R 3.2 M
PB 3.2 M

Cash 3M
A/R 3M

CIP 309,090.91
Cost of Construction 3,400,000.00
Construction Revenue 3,709,090.91

CIP 3,709,090.91
CB 3,200,000.00
509,090.91 CA

2021
CIP 2,550,000.00
Cash 2,550,000.00

A/R 2,000,000.00
PB 2,000,000.00
Cash 2,000,000.00
A/R 2,000,000.00

Cost of Construction 2,550,000.00

Construction Revenue 2,140,909.09
CIP 409,090.91

CIP 5,850,000.00
CB 5,200,000.00
650,000.00 CA

2023
CIP 200,000.00
Cash 200,000.00

A/R 800,000.00
PB 800,000.00

Cash 600,000.00
A/R 600,000.00

Cost of Construction 200,000.00

Construction Revenue 150,000.00
CIP 50,000.00

CIP 6,000,000.00
CB 6,000,000.00
- CA
Upon Delivery of the project
CB 6,000,000.00
CIP 6,000,000.00
 2,020.00
Contract Price 6,000,000.00
Cost Incurred to date 3,400,000.00
Estimated costs to 2,100,000.00
complete
Total estimated costs 5,500,000.00
Expected Gross Profit 500,000.00
% of Completion 0.62
Gross profit to date 309,090.91
Gross profit earned in -
prior year(s)
Gross profit (loss) during 309,090.91
the year
 2,021.00 2,022.00
6,000,000.00 6,000,000.00
5,950,000.00 6,150,000.00
150,000.00 -

6,100,000.00 6,150,000.00
(100,000.00) (150,000.00)
0.98 1.00
(100,000.00) (150,000.00)
309,090.91 (100,000.00)

(409,090.91) (50,000.00)