ABC ENTERPRISES

Business Development Budget

January 1, 2019

Organizational Expenses
Permits and Licenses ₱1,500
Meetings 2,400
Professional Fees 3,000
Bond 100,000
Grand Opening Expenses 12,862
Sub-Total ₱119,762

Physical Plant
Rental Deposit 15,000
Construction Costs 26,500
Equipment 28,750
Furniture and Fixtures 18,340
Sub-Total ₱88,590

Working Capital (3 months)

Cost of Goods Sold 315,000
Payroll 180,000
Utilities Expense 48,900
Transportation Expense 21,600
Supplies Expense 19,800
Rent 15,000
Marketing Expenses 4,500
Insurance Expense 4,200
Repairs and Maintenance Expense 3,750
Sub-Total ₱612,750

Total ₱821,102
ABC Enterprises
Statement of Comprehensive Income
For the Year Ended December 31, 2019

January February March April May June July August

Gross Sales
Product A ₱155,000 ₱145,000 ₱170,500 ₱165,000 ₱170,500 ₱180,000 ₱186,000 ₱186,000
Product B 105,710 98,890 105,710 102,300 105,710 102,300 105,710 105,710
Product C 119,350 111,650 119,350 115,500 119,350 115,500 119,350 119,350
Total 380,060 355,540 395,560 382,800 395,560 397,800 411,060 411,060

Cost of Sales
Product A 96,100 89,900 105,710 102,300 105,710 111,600 115,320 115,320
Product B 63,426 59,334 63,426 61,380 63,426 61,380 63,426 63,426
Product C 75,191 70,340 75,191 72,765 75,191 72,765 75,191 75,191
Total 234,717 219,574 244,327 236,445 244,327 245,745 253,937 253,937

Gross Operating Profit 145,344 135,967 151,234 146,355 151,234 152,055 157,124 157,124

Operating Expenses
Payroll 60,000 57,000 62,700 63,954 65,873 64,555 65,846 66,505
Utilities 16,300 15,485 17,034 17,374 17,895 17,537 17,888 18,067
Transportation 7,200 6,840 7,524 7,674 7,905 7,747 7,902 7,981
Supplies 6,600 6,270 6,897 7,035 7,246 7,101 7,243 7,316
Rent 5,000 4,750 5,225 5,330 5,489 5,380 5,487 5,542
Marketing 1,500 1,425 1,568 1,599 1,647 1,614 1,646 1,663
Insurance 1,400 1,330 1,463 1,492 1,537 1,506 1,536 1,552
Repairs & Maint. 1,250 1,188 1,306 1,332 1,372 1,345 1,372 1,386
Total 99,250 94,288 103,716 105,791 108,964 106,785 108,921 110,010

Earnings Before Income

Tax, Depreciation &
Amortization 46,094 41,679 47,517 40,564 42,269 45,270 48,203 47,114

Depreciation Expense 1,962 1,962 1,962 1,962 1,962 1,962 1,962 1,962
Income Tax 0 0 0 0 0 0 0 0
Amortization 0 0 0 0 0 0 0 0
Total 1,962 1,962 1,962 1,962 1,962 1,962 1,962 1,962

Net Income ₱44,131 ₱39,717 ₱45,555 ₱38,602 ₱40,307 ₱43,308 ₱46,241 ₱45,152

GOP Rate 38.24% 38.24% 38.23% 38.23% 38.23% 38.22% 38.22% 38.22%
Profit Rate 11.61% 11.17% 11.52% 10.08% 10.19% 10.89% 11.25% 10.98%
1,131,160 1,176,160 1,219,920 1,250,670
1.0398 1.0372 1.0252 1.0341
September October November December Total

₱180,000 ₱193,750 ₱187,500 ₱201,500 ₱2,120,750

102,300 105,710 102,300 105,710 1,248,060
115,500 119,350 115,500 119,350 1,409,100
397,800 418,810 405,300 426,560 4,777,910

111,600 120,125 116,250 124,930 1,314,865

61,380 63,426 61,380 63,426 748,836
72,765 75,191 72,765 75,191 887,733
245,745 258,742 250,395 263,547 2,951,434

152,055 160,069 154,905 163,014 1,826,476

65,175 65,826 64,510 67,735 769,679

17,706 17,883 17,525 18,401 209,096
7,821 7,899 7,741 8,128 92,361
7,169 7,241 7,096 7,451 84,665
5,431 5,486 5,376 5,645 64,140
1,629 1,646 1,613 1,693 19,242
1,521 1,536 1,505 1,580 17,959
1,358 1,371 1,344 1,411 16,035
107,810 108,888 106,710 112,046 1,273,177

4.61%
44,245 51,181 48,195 50,968 553,299 46,108 21.69

1,962 1,962 1,962 1,962 23,545

0 0 0 0 0
0 0 0 0 0
1,962 1,962 1,962 1,962 23,545

₱42,283 ₱49,219 ₱46,233 ₱49,006 ₱529,754

38.22% 38.22% 38.22% 38.22% 38.23%

10.63% 11.75% 11.41% 11.49% 11.09%
ABC Enterprises
Statement of Cashflow
For the Year Ended December 31, 2019

January February March April May June

Cashflow from Operations
Cash receipts from clients ₱380,060 ₱355,540 ₱395,560 ₱382,800 ₱395,560 ₱397,800
Purchases of inventory -234,717 -219,574 -244,327 -236,445 -244,327
Payroll -60,000 -57,000 -62,700 -63,954 -65,873 -64,555
Utilities -16,300 -15,485 -17,034 -17,374 -17,895
Transportation -7,200 -6,840 -7,524 -7,674 -7,905 -7,747
Supplies -6,600 -6,270 -6,897 -7,035 -7,246 -7,101
Rent -5,000 -4,750 -5,225 -5,330 -5,489 -5,380
Marketing -1,500 -1,425 -1,568 -1,599 -1,647 -1,614
Insurance -1,400 -1,330 -1,463 -1,492 -1,537 -1,506
Repairs & Maint. -1,250 -1,188 -1,306 -1,332 -1,372 -1,345
Total 297,110 25,721 73,819 33,024 50,672 46,331

Cashflow from Investing Activities

Initial Invesment ₱1,000,000
Puchase of assets -103,590 0 0 0 0 0
Organization costs -119,762 0 0 0 0 0
Total 776,648 0 0 0 0 0

Cashflow from Financing Activities

None 0 0 0 0 0 0
Total 0 0 0 0 0 0

Net Cashflow 1,073,758 25,721 73,819 33,024 50,672 46,331

Cumulative Cashflow ₱1,073,758 ₱1,099,479 ₱1,173,298 ₱1,206,321 ₱1,256,993 ₱1,303,324

Cash ₱1,611,895
Inventories 295,143
1907037.95 103.635274 1943832.95 Assets
Liabilities 18,401 87.5961241 18401 Liabilities
1925431.95 Capital
0.00955682 Debt-Equity Ratio
 July August September October November December

₱411,060 ₱411,060 ₱397,800 ₱418,810 ₱405,300 ₱426,560

-245,745 -253,937 -253,937 -245,745 -258,742 -250,395
-65,846 -66,505 -65,175 -65,826 -64,510 -67,735
-17,537 -17,888 -18,067 -17,706 -17,883 -17,525
-7,902 -7,981 -7,821 -7,899 -7,741 -8,128
-7,243 -7,316 -7,169 -7,241 -7,096 -7,451
-5,487 -5,542 -5,431 -5,486 -5,376 -5,645
-1,646 -1,663 -1,629 -1,646 -1,613 -1,693
-1,536 -1,552 -1,521 -1,536 -1,505 -1,580
-1,372 -1,386 -1,358 -1,371 -1,344 -1,411
56,745 47,292 35,692 64,354 39,491 64,996

0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0

0 0 0 0 0 0
0 0 0 0 0 0

56,745 47,292 35,692 64,354 39,491 64,996

₱1,360,069 ₱1,407,361 ₱1,443,054 ₱1,507,408 ₱1,546,899 ₱1,611,895