BTr-BIR PAYMENT SLIP es Guns BANK vnwehnatane CeoveaY 1640841 2946 139 VIC9 | 962-421 \ [™ @s- 01 669 C20 | [ rPetoa Coverea re 4 dilate peri 9014 TY MeO LEAS eres ‘CHECK Clonius(e8c) (lees C) worwe DEBIT ACCOUNT Gi savings Account] Curent Account ‘Account No. TAX DEBIT NEMOaL ans aaa rsa! @ merece, ‘UR Fon Wa I" ‘701 | ma Anaual income Tax Retwn. UTM | il Tome PE teremvenrer) Gamaanan? ov el [Starrett ov PART T- BACKGROUND INFORMATION OF TAKPAYERIFILER LPioeananmeie A ba BS Ro cov Tm [6 tserertioe Sng Pens Poteet Teme Tost (Sorgen ner apormeneTo ee tcccncntesna oe/tcmg inten) [STATES — 3 ccwimoneenston orn Sane ——— 3 csr crs wr Ove abn ea ar — = ff govraerteneeaseientomaetcis | See Fete naanmryim yon noca cacbaviewad [ra —=- 6 row Aen natn Socom 1318) a —_ cso ss nn 000% —s == rome mmr cee een [ra a 7 Oa Or eH) ie ° ieee Pe cern noma roraton cea eee ava “ouonm hon cpwatg me Suna 19131) =. Sie 5 tensor enone ot) Saati 8 Sos ta von tnae Con aren nef ear a er amen) i S 2s ret tence aoeAnnual Income Tax Return Inividuals (including MIXED income Earner), Estates and Trust Taser ooo ass ier ion Derry saab 2 ee —zs —s 28 routine (sum at sume and 27) -—" -— 29 tatemneeter mec —a — S Soacrammeaneter mcm —s — feces erate mec rece = ie } Sean craarconcin enacts ies ee aarer f peactoreroc rue —_ ——- ft oomentoearmaas — st cio cncator pe —e — fo ae oar en Se VITA Special Rate : a Sages eee te ete ——= —— SE manne cenit a =e pcorarnnaereaet ts ae —— aa oe ——- ar —— — eee SS we amaseenenteees — aa bees enamel | Ie — ntrcnaenonancaaet eae — —— ee ee mo eer = Or =—=s a > 5 se _———— —e —— aA a Tunis Boone ood eons Soipaed aTEORNONS T —— — | ee -——5 I — ae —zseaxza20 ‘Gra SAT VALIDATION REPORT M Gmail Gina Femandex SAWT VALIDATION REPORT 2 messages Gina Fernandez ‘Mo, sun 22,2020 at 228 PM To: esubmssion@irgovph 1) fee0s4se00000120101704 DAT _ssubmission@i.gov.ph ‘Mon, un 22,2020 at 229 PN ‘To: Gina Femandez The BiRhas receive our data es) Pease wat ar anter neato yours) sare si sujet vakéaton wank you!“SUMMARY ADKAUST OF WiThNOLDING TAKES (SAT) FORTHE MONTH OF DECEMBER, 2019 PAYEES NAME: CUANIAS UEZER MOBO sq TaxPaveR___corronaTion ‘arccoot —_Naruneor paren NO IGENTIFIEATION (Regsared Name) 2 2[STATEMENT OF MANAGE? RESPONSIBILITY FOR ANNUAL INCOME TAX RETURN} ENT'S, ‘The Management of ESER ENTERPRISES is responsible for all information and representation contained in the Annual Income Tax Return for the year ended December 31, 2019 and 2018. Management likewise responsible for all information and representation contained in the financial statements accompanying the (Annual Income Tax Retur or Annual Information Return) covering the same reporting Period. Furthermore, the Management is responsible for all information and representations contained in all the other tax returns filed for the reporting period, including, but not limited, to the value added tax and/or percentage tax returns, withholding tax returns, documentary stamp tax returns and all other tax returns. 1a) The Annual Income Tax Return has been prepared in accordance with the provisions of the National Internal Revenue Code, as amended, and pertinent tax regulations and other issuances of the Department of Finance and the Bureau of Internal Revenue, 'b) Any disparity of figures in the submitted reports arising from the preparation of financial statements pursuant to financial accounting standards and the preparation of the income tax return ppurstant fo tax accounting rules has been reported as reconciling items and maintained in the company’s books and records in accordance with the requirements of Revenue Regulations No. 8- 2007 and other relevant issuances, ‘That Mr. Eliezer M. Cuafias has filed all applicable tax returns, reports and statements required to be filed under Philippine tax laws for the reporting period, and all taxes and other impositions shown thereon to be due and payable have been paid for the reporting period, except those contested in good faith Mr. Bilezer M. Cuafiias Sigoue ch eta Mane terMARLITA P. BALANQUIT ACCOUNTING FIRM fe AUDITING FIRM. Rm. 201 2/F Jade Bldg, F. Tanedo St, Poblacion, Tarlac City Tel. No. (045)608-1121 mull: os talanquit®yahoo com EEO INDEPENDENT AUDITOR'S REPORT. Eliezer M. Cuafias ESER ENTERPRISES Villa Perpetua, Matatalaib, Tarlac City Report on the Audit of the Financial Statements Opinion Weave suited the financial statements of ESER ENTERPRISES, which comprise the statements of financial postion as at December 31,2019 and 2018, and the statements of comprehensive income, stsements of changes In equity and statements of cash flows forthe years then ended, and notes fo the financial statements, including 3 summary of significant accounting policies {Inca opinion, the accompanying financial statements present fail, in all material respects the nancial postion ofthe Company a at Decenber 31, 2019 and 2018, and is Financial performance and its cashflows Fr the years then ended in accordance wth Philippine Financial Reponing Standards (PFRSs) ‘Bass for Opinion We conducted our aus in accordance with Philippine Standards on Auditing (PSAs). Our responstilites under those standards ae futher desribed in the Auditor's Responsibilities forthe Au of the Fanci Statements Section of our report We ae independent ofthe Company in accordance with the Code of Ethics for Profesional ‘Accountants inthe Philippines (Code of Ethics) together withthe ethical requtemens that are relevant to our tut of the financial statements in the Philippines, and we have fulilled our othe ethical responsibilities in ‘ccordance with these requirements andthe Code of Ethics We belive thatthe audit evidence we hve obtained ‘ssulicient and appropriate lo provide bass for our opinion Responsibilities of Management and Those Charged with Governance for the Financial Statements “Management is responsible forthe preparation and sr presentaton ofthe Financial statements in accordance with PFRSs, and for such internal conrl as management determinesis necessary to enable the preparation of financial statements that are fe from material misstatement, whether duet fraud or error In preparing the financial statements, managements responsible for asessng the Company's ability to continue ‘asa going concern, disclosing as applicable, mates related to going concern and usin the gong concern bass ‘faccounting unless management ether intends tliguiate he Company orto cease operation, e as noreaistic sltemative bt toda so "ho chet with pee we ens Fenn he Company's ml ep es yetMr. Elezee M.Cuanias ESER Enterprises ‘#13 Santan t, cor Gumamela, Vila Prpotue Subd, Maal, Tarlac Cy Statement of Financial Condition ‘Amount in Pope Pesos) December 34 $$ tect ASSETS Notes 2010 2018 —_ASs8 gk ee Curent Assets ‘Cashin Bank 5 seerai7 22887,120 (Cash on Hana 5 50000 05.128 Contract Receivable ‘ 15054333 15,202.97 redtabe 24 Wathoting 7 782.433 221.965 “otal Curent Assets Tigra an _———Tear269 Tent Greet tans sina are Non-Gurent Ascets “otal Non- Curent Reaate z aT Ta eee se a a TOTALASSETS 2331400 24,900,560 LUABILITIES AND CAPITAL, uasiLimes Current Liabilities ‘otal Curent babies. —— ss Non current Liabilities otal Non current abe w am 00 ‘TOTAL LIABILITIES 5507.55 6045 998 ‘caprrat Tlotan ek or re TOTAL LIABILITIES & CAPITAL, 23314085 21,990,560 (See Accompanying Noes fo Finan! Statements) BANKING C mye ain ne JUN 23 2000Mr. Eezer M. Cuanias ESER Enterprises ‘#13 Santan St. cov Gumamela, Vila Perpetua Subd, Matlab, Tarae City ‘Statement of Income and Expenses. (Amount in Phiipine Pesos) ended December 34 Totes ant 2018 cepts from Contacts 2 saaane74 390.268 Tomi Coat ot Conner © EFASTALS are {Gross Income 5533.90 260618 ee pe or or rr | Netincome Before Tax asa s.asisa7 | Lose Prowson foe ncome Tax 201.609 215570 Net income after Tax 2172.68 516.340 (S00 Aecompanyng Notes to Financ Statements) Sa PI 0 i 3: WitMe exer M, Cuanias ESER Enterprises #13 Santan St cor Gumarela, Vila Perpetua Subd, Matsa, Tale Cy ‘Statement of Cash Flows (Amour in Phiipine Pesos) ‘Years Ended December 31 2018 2018 ‘CASH FLOWS FROM OPERATING ACTIVITIES, Netincome fo operations aarase8 16.349 Ajustent for Depreciation 00.400 500.400 “Operating income bere WORT CAAT CHAOS Tiss Tae THe (Charges in operating asses and abies (crease) decease in Credabe 2% wihnosing tx 634488) (2490) Contact Recenatlo 2300 (11.275, 148) Increase (dereas) in Tncare tax payable ‘98.031 4838 Vat payable (37) 3007 Trade & other payales rasan, 45.270 Loans Payable (200.09 22000000 Tie aah provided by operating WET 2.095.400 (7.102.289) ‘CASH FLOWS FROM INVESTING ACTIVITIES “Acquistion of Consrton Tos and Equipments (950,000) - ‘adional investment 5.000.000 Teleash used in vesting SeRMATES 5,000,000 ‘CASH FLOWS FROM FINANCING ACTIVITES ran (200 00.000) “He aan pron oy nag seaas foros) —— fn NET INCREASE (DECREASE) IN CASH ras4so (2.682.258) (CASH AT BEGINING OF THE YEAR 2.962.257 5614.56 (GASH AT THE ENO OF YEAR oor 797 2982357 (See Accompanying Notes fo Fania Saererts)ESER ENTERPRISES NOTES TO FINANCIAL STATEMENTS as of December 31, 2019. 1, CORPORATE INFORMATION Eser Enterprises was registered with the Department of Trade & Industry on October 21, 1997 ‘The registered office address is at #13 Santan St cor Gumamela St, Villa Perpetua Subd , Maatalaib, Tarlac City, ‘The Company's certificate of registration indicates thatthe line of business 1s engage in ‘construction services and other related activities 2. SIGNIFICAL |NTING POLI ‘The significant accounting policies applied inthe preparation of these financial statements are set out below These policies have been consistently applied to all the yeas presented, unless stated otherwise Basis of Preparation The financial statements have been prepared on the historieal cost basis, except for certain properties caried at revalued amounts and financial instruments caried either at far value or at amortized cost Furthermore, the preparation of the financial statements requires management use of certain cnlical accounting estimates and the exercise of is judgment inthe process of applying the Company's accounting policies The measurement bases are significant to the financial statements are more fully diseussed in Note 3 tatement of Compliance ‘The financial statements have been prepared in accordance with accounting. principles generally accepted in the Philippines as set forth under Philippine Financial Reporting Standards (PERS). PFRS include statements named PERS and Philippine Accounting Standards (PAS), and interpretations issued by the Philippine Accounting Standards Council ©. PAS LPresentation of Financial Statements, provides a framework within which an emlty assesses how to present fairly the effects of transactions and other events, provides the base tera for classifying liabilities as current or non-curent, prohibits the presentation of income from operating activities and extraordinary items as separate line items inthe statement of income, and specifies the disclosure about key ‘sources of estimation, uncertanty and judgment thatthe management has made inthe ‘process of applying the entity's accounting policies. © Amendments to PAS 1, “Capital Disclosures,” will ad requirements for disclosures ‘on. (a) the entity's objectives, policies and processes for managing capital, (b) ‘Quantitative data about sshat the entity regards as capital; (c) whether the eaity's has complied with any capital requirements, and (d) if it has not complied, the consequences of sich non-compliance © PAS 7, Cash Flow Statements, requires the provision of information about the historical changes in eash and cash equivalents ofan entity by means of a cash flow — — via Page 1ESER ENTERPRISES VOTES TO FINANCIAL STATI VTS as of December 31, 2019 statement which classifies cash flows during the period ftom operating, investing and financing activities © PAS8, Accounting Policies, Changes in Accounting Estimates and Errors, removes the concept of fundamental error and the allowed altemative 10 retrospective pplication of voluntary changes in accounting policies retrospective restatement 10 ‘comect prior period erors. It defines material omissions oF misstatements, and describes how to apply concept of materiality when applying accounting policies and correcting erors © PAS 10, Events after the Balance Sheet Date, which presenibes when the company should adjust its financial statements for events after balance sheet date and the ‘disclosures that an entity should give about when the financial statements were ‘authorized for issue and about events after the balance sheet date. This standard also requires the Company not to prepare its financial statements on an ongoing. concern basis even if events afer the balance sheet date indicate that the going concer assumption is not appropriate © PAS 18, Revenue, prescribes the accounting treatment of revenue ansing from certain. types of transactions and events. The primary issue in accounting for revenue is defermining when to recognize revenue Revenue is recognized when itis probable the future economic benefits will flow to the entity and these benefits can be measured. reliably. It aso identifies the circumstances in which these criteria wall be met, and. therefore, revenue will be recognized. It also provides practical guidance on the application of these enteria, © PAS 24, Related Party Disclosures, provides additional guidance and clanty in the seop¢ of the standard, the definition and disclosures for related parties. Reporting Currency ‘The accompanying financial statements are expressed in Philippine Peso, which is the ‘Company's functional currency, and all values are rounded to the nearest peso except when otherwise indicated 3. MANAGEMENT SIGNIFICANT ACCOUNTING JUDGEMENT & ESTIMATE “The preparation of the Company's financial statements in conformity with Financial Reporting Framework (in reference to the Generally Accepted Accounting Principles ofthe Philippines) requires management to make estimates and assumptions that affect the amounts reported in the Company’s financial statements and accompanying notes. The estimates and {seumptions used in the Company's firancial stafemenis are based upon management's evaluation of relevant facts and circumstances as of the date of the Company's financial Statements Actual resulls could differ from such estimates; judgments and estimates are Continually evaluated and are based on historical experience and other factors, including, ‘expectations of future events that are believed to be reasonable under the circumstances BANKING ( ————— } Page 2 AL JUN 23 ant | =‘Cash & Cash Equivalents {Cash & Cash Equivalent consist of Cash on Hand & in Bank. Cash Equvalet are Shar term. highly bqud investments that ready cenvertbe to cash ands subject fan nsigndcant ek change in vale <8 ee Cashin Bank 36a 2087S Revo Fund 30.000 25,128 Total Saar 77 7382267 Contracts ReceWvable “This account const of uncle contacts a fhe end of he year. 218 zo Ta eT S513 15 S05 cc Testes 16762397 Credeabe Watinolting Tax As tolows ——————— Ta WESSEL TIS TS cc Tease Bes Non Current Assets As Falows: Be 20 ree Car E1000 “F800 “Transportaton Equpment 250000, 250.000 Consructon Tools & Equpment 3,149,000, 2200,000, “ola Non Curent Asset 5939,000, 7188,000 Les: Accumulated eprecatonvAmortton (454,399 085.29) Net ook Value “330407 ‘102001 Otter Assets ‘415.000, 415,000, “otal Non Curent aL 3789 501 3318,007 Current Libittes As Fallows: 2019 2010 Treome Tax Payabie 301 50000 2ST Vat Payatio 4935.00, 5072 Tage and Oe Payable 39081100 205,48 See Non Current Liabities As toons 2018 2018 Toans Papa 4 500000 "3000 000 Tota 4500; 000,000, \ wea *o| eee” ¢11. Networth As Fotows: 2019, 2018 ‘Beganing Copter TED SET 052675 ‘dda lvestnent 000,000, [ad Nat income. 2472108 916.349, Tear 76.10730 Teaaasez Less Drawings 00 (600,000 Total Wetwerth Tat west 12 Income From Services 2019 201 Gros Recepis om Conia 35,107 TT S08zeS Teta EIAHAIS T3905 13. Costot Contract As Follows 201 Die Cages Saas and Wages ‘270 TS Dect Changes -Matenls and Supplies zau3.978 420.452 Total 3207 700 375847 14. Generaland Administrative Expenses 2019 2018 Santer ana Wage ca EET ‘Cormmuricaton, ight and Water e274 118426 “Taxes and Ucenses ‘04603 98651 Repair and Natenance 328,700 ase SSSPHICHOMF Contibton 70.420 75140 Reprosertaion and eats 22540 75640 Gasand oH 783.216 4840 Depredaton Expense 568.400 168.400, Macalansous 20.040 10520 Total Z300.113 Tasasa7 BANKING CORPOR! \ Mf JUN 23 2000 ss,