SECURITY MASTERS INVESTIGATION INC

Monthly Profit & Loss Budget 2019

For the Year Ending December 31, 2019

Jul. 2019
NO. OF KEY PERSONNEL 9
NO. OF CONTRACTED GUARDS 576
REVENUE
REVENUE- DUE TO GUARDS 13,649,561
1
AGENCY FEE (5%) 662,541
14,312,101
LESS: COST OF SERVICES
11
DIRECT COSTS TO PAY GUARDS (INCLUDING AL 13,477,797
12 OTHER COSTS 375,086
13,852,883
Total EXCESS (DEFICIT) 459,218
AGENCY FEE (15%) 1,987,622
GROSS PROFIT 2,446,840
ROYALTY FEE 223,118
GROSS PROFIT 2,669,957
Admin Expense
1
PERSONNEL COSTS 433,040
2 DEPRECIATION 167,898
3 FUEL, TRANSPORTATION & TRAVEL 114,000
4 INSURANCE & BOND PREMIUMS 40,000
5 SEMINARS & TRAINING EXPENSES -
6 REPAIRS AND MAINTENANCE -
7 TAXES AND LICENSES -
8 TELEPHONE AND POSTAGE 14,400
9 OFFICE AND MEDICAL SUPPLIES 74,000
10
OTHER OPERATING EXPENSES 152,793
Total Expense 996,131
Net Ordinary Income 1,673,826
Other Income/Expense
OTHER INCOME -
NET INCOME B4 INCOME TAX 1,673,826
Other Expense
INCOME TAX EXPENSE 502,148
OTHER COMPREHENSIVE (INC)/ LOSS -
Net Income 1,171,678
GROSS INCOME PER GUARD 4,635
NET INCOME PER GUARD (B4 Income Tax) 2,906

SCHEDULES
### TOTAL AGENCY FEE
AGENCY FEE (5%) 662,541
AGENCY FEE (15%) 1,987,622
2,650,162

### DIRECT COSTS (TO GUARDS)

Salaries & Allowances 12,179,054
Statutory Benefits 1,298,744
13th month
13,477,797

### OTHER COSTS

### Fuel, oil and lubricants 22,446
Transportation and travel 93,221
Materials and supplies 33,004
Rep'n and entertainment -
Repairs and maintenance 2,660
Telephone and Cables 6,498
Surety Bond/CGL premiums -
Seminars & training expenses 70,000
Rent expense-SLEX 15,000
POSTAGE AND DELIVERIES (LBC) 500
### LIGHT AND WATER 4,000
INSURANCE & BOND PREMIUMS -
CONTRACTUAL SERVICES 127,757
375,086

DEPRECIATION EXPENSES
OLD EQUIPMENTS 141,886
CAPEX 26,011
167,898
Aug. 2019 Sep. 2019 Oct. 2019 Nov. 2019 Dec. 2019 TOTAL
9 9 9 9 9 9
576 576 576 576 576 576

13,898,916 14,129,690 13,688,236 15,168,763 15,168,763 85,703,928

654,437 686,846 696,806 688,540 731,163 4,120,332
14,553,353 14,816,536 14,385,042 15,857,302 15,899,926 89,824,261

13,766,949 14,244,847 13,631,212 34,912,365 14,912,365 104,945,535

691,797 493,241 597,192 638,452 604,461 3,400,228
14,458,746 14,738,088 14,228,404 35,550,817 15,516,826 108,345,764
94,607 78,448 156,638 (19,693,515) 383,100 (18,521,503)
1,963,312 2,060,539 2,090,417 2,065,619 2,193,489 12,360,997
2,057,919 2,138,987 2,247,056 (17,627,896) 2,576,589 (6,160,506)
196,828 214,024 245,974 200,751 214,057 1,294,751
2,254,747 2,353,011 2,493,030 (17,427,145) 2,790,647 (4,865,754)

433,040 433,040 433,040 774,853 874,853 3,381,869

167,898 167,898 167,898 167,898 167,898 1,007,385
114,000 114,000 204,000 114,000 114,000 774,000
- - - - - 40,000
- - - 300,000 - 300,000
6,000 112,000 - - 112,000 230,000
400,000 - - - 360,500 760,500
14,400 14,400 14,400 14,400 14,400 86,400
99,000 74,000 74,000 99,000 74,000 494,000
177,793 152,793 152,793 152,793 227,793 1,016,760
1,412,131 1,068,131 1,046,131 1,622,944 1,945,444 8,090,914
842,615 1,284,879 1,446,898 (19,050,090) 845,202 (12,956,668)

- - - - - -
842,615 1,284,879 1,446,898 (19,050,090) 845,202 (12,956,668)

252,785 385,464 434,070 (5,715,027) 253,561 (3,887,000)

- - - - - -
589,831 899,416 1,012,829 (13,335,063) 591,642 (9,069,668)
 3,914 4,085 4,328 (30,255) 4,845 (8,447)
1,463 2,231 2,512 (33,073) 1,467 (22,494)

654,437 686,846 696,806 688,540 731,163

1,963,312 2,060,539 2,090,417 2,065,619 2,193,489
2,617,749 2,747,385 2,787,223 2,754,158 2,924,652

12,401,545 12,607,457 12,213,562 13,534,588 13,534,588

1,365,404 1,637,390 1,417,650 1,377,777 1,377,777
10,000,000
13,766,949 14,244,847 13,631,212 24,912,365 14,912,365

22,446 22,446 22,446 22,446 22,446

93,221 93,221 93,221 93,221 93,221
114,639 33,004 196,273 139,639 259,542
- - - - 25,000
42,344 37,423 - - 15,000
13,995 13,995 13,995 13,995 13,995
70,000 - - - -
90,000 48,000 124,000 124,000 28,000
15,000 15,000 15,000 15,000 15,000
500 500 500 500 500
4,000 4,000 4,000 4,000 4,000
97,895 97,895 - 97,895 -
127,757 127,757 127,757 127,757 127,757
691,797 493,241 597,192 638,452 604,461

141,886 141,886 141,886 141,886 141,886

26,011 26,011 26,011 26,011 26,011
167,898 167,898 167,898 167,898 167,898
 Security Masters Investigatio
Salaries and Benefits
For the Year End December 3
GM/ Operation
Employee Name Regular Pay SSS PHIC
1 Rowena T. Almoguerra 51,300.00 1,600.00 705.38
2 Romeo S. Morcozo 39,600.00 1,600.00 544.50
3 Gamuel S. Vertudez 33,000.00 1,600.00 453.75
4 Acedillo A. Apalit 20,000.00 1,600.00 275.00
Total Operations 143,900.00 6,400.00 1,978.63

Human Resource/ Admin

Employee Name Regular Pay SSS PHIC
5 Fe P. Palanas 22,203.00 1,600.00 305.29
6 Marilou A. Villaflor 21,010.00 1,600.00 288.89
7 Dolfeo Ropa 17,600.00 1,600.00 242.00
8 Tita C. Billones 78,000.00
Total Human Resource/ Admin 138,813.00 4,800.00 836.18

Finance
Employee Name Regular Pay SSS PHIC
9 Ricardo M. Dela Cruz 33,000.00 1,600.00 453.75
10 Anselmo T. Tabaosuarez 26,100.00 1,600.00 358.88
Total Finance 59,100.00 3,200.00 812.63

Consultant
Employee Name ALLOWANCE
11 Danny Oroceo 2,000.00
12 GLENN LOTERTE 1,000.00
Total Consultant 3,000.00
RECAP
curity Masters Investigation Inc.
Salaries and Benefits
the Year End December 31, 2019
GM/ Operation
HDMF Rice Subsidy Meals Telephone Christmas Groceri
100.00 2,000.00 3,250.00 2,500.00 10,000.00
100.00 2,000.00 3,250.00 2,000.00 10,000.00
100.00 2,000.00 3,250.00 2,000.00 10,000.00
100.00 2,000.00 3,250.00 1,500.00 10,000.00
400.00 8,000.00 13,000.00 8,000.00 40,000.00

an Resource/ Admin
HDMF Rice Subsidy Meals Telephone Christmas Groceri
100.00 2,000.00 3,250.00 1,000.00 10,000.00
100.00 2,000.00 3,250.00 1,000.00 10,000.00
100.00 2,000.00 3,250.00 800.00 10,000.00
2,000.00 3,250.00 3,500.00 10,000.00
300.00 8,000.00 13,000.00 6,300.00 40,000.00

Finance
HDMF Rice Subsidy Meals Telephone Christmas Groceri
100.00 2,000.00 3,250.00 1,500.00 10,000.00
100.00 2,000.00 3,250.00 1,000.00 10,000.00
200.00 4,000.00 6,500.00 2,500.00 20,000.00
Operation
Actuarial

HR
Actuarial

Finance
Actuarial

-
 OPERATIONS HUMAN RESOURCE/ ADMIN
Fuel, oil and lubricants Fuel, oil and lubricants
Purpose Allowance Purpose Allowance
Crosswind-Inspection ₱10,000.00 FORD-TCB ₱20,000.00
GM ₱10,000.00 HR Head ₱4,000.00
OPERATIONS HEAD ₱4,000.00
Total ₱24,000.00 Total ₱24,000.00
Transporation Expenses Transporation Expenses
Pupose Allowance Pupose Allowance
Transporation of OIC/SIC ₱1,000.00 DOLE/SSS/PHI ₱2,000.00
TOLL Fee (SLEX) ₱25,000.00
Total ₱26,000.00 Total ₱2,000.00

Meals Meals
Purpose Allowance Purpose Allowance
Meals during Meeting & Inspection ₱10,000.00 Staff meeting ₱5,000.00
Rice 4,000.00
Total ₱10,000.00 Total ₱9,000.00

Per Diem Per Diem

Purpose Allowance Purpose Allowance
GM ₱10,000.00 HR Head ₱10,000.00
Execom Per Diem 20,000.00 Execom Per Di 20,000.00
Total ₱30,000.00 Total ₱30,000.00
 Finance
Fuel, oil and lubricants
Purpose Allowance
FINANCE HEAD ₱4,000.00
COLLECTOR ₱5,000.00

Total ₱9,000.00
Transporation Expenses
Pupose Allowance
Billing & collection/ BIR/ Bank ₱2,000.00

Total ₱2,000.00

Meals
Purpose Allowance
Saturday Duty ₱8,000.00

Total ₱8,000.00

Per Diem
Purpose Allowance
Finance Head ₱10,000.00
Other Execom Per Diem 20,000.00
Total ₱30,000.00
 OPERATIONS HUMAN RESOURCE/ ADMIN
Insurance Insurance
EMPLOYEE INSURANCE EMPLOYEE INSURANCE
Items Purpose Item Price
RSM HMO 20,000.00 TCB HMO ₱20,000.00
Total 20,000.00 Total 20,000.00
 OPERATIONS HUMAN RESOURCE/ ADMIN
Seminars and Trainings Seminars and Trainings
Items Price Items Price
Admin Seminars ₱150,000.00 Admin Seminars ₱90,000.00
Total ₱150,000.00 Total ₱90,000.00
 Finance
Seminars and Trainings
Items Price
Admin Seminars ₱60,000.00
Total ₱60,000.00
 OPERATIONS HUMAN RESOURCE/ ADMIN
Repairs and Maintenance Repairs and Maintenance
Transpo Equipment Transpo Equipment
Item Price Item Price
Crosswind FORD
Tires ₱20,000.00 Tires ₱20,000.00
Battery ₱6,000.00 Battery ₱6,000.00
Quarterly Maintenance ₱30,000.00 Quarterly Maintenance ₱30,000.00
Innova STAREX
Tires ₱20,000.00 Tires ₱20,000.00
Battery ₱6,000.00 Battery ₱6,000.00
Quarterly Maintenance ₱30,000.00 Quarterly Maintenance ₱30,000.00
Total ₱112,000.00 Total ₱112,000.00
 FINANCE
Repairs and Maintenance
Office Equipment
Item Price
Repair of Memory Card f 6,000.00

Total ₱6,000.00
 OPERATIONS
Taxes and Licenses
Business License and Permits
Pupose Price Quantity Total Amount
PNP Camp. Crame (LTO renewal) ₱150,000.00 1 ₱150,000.00

Total Amount ₱150,000.00

 HUMAN RESOURCE/ ADMIN
Taxes and Licenses
Business License and Permits
Pupose Price Quantity Total Amount
DO REGISTRATION ₱250,000.00 1 ₱250,000.00

Total Amount ₱250,000.00

 Finance
Taxes and Licenses
Business License and Permits
Pupose Price Quantity Total Amount
Business Permit ₱350,000.00 1 ₱350,000.00
Locational Clearance & oth ₱10,000.00 1 ₱10,000.00
BIR Annual registration ₱500.00 1 ₱500.00
Total Amount ₱360,500.00
 HUMAN RESOURCE/ ADMIN
Telephone and Cables
Items Price
3566887 ₱9,500.00
5273932 ₱1,700.00
5275314 ₱1,400.00
4006093 ₱1,800.00
Total ₱14,400.00
 OPERATIONS
Materials and supplies
Office Supplies
Item PRICE
Newspaper(East Pacific) 2,000.00

Total 2,000.00
 HUMAN RESOURCE/ ADMIN Finance
Materials and supplies Materials and supplies
Office Supplies Notarial Exp
Item PRICE PRICE
Office Supplies 35,000.00 Notarial Expense ₱5,000.00
pantry supplies 25,000.00
Fuji Xerox Printing (cost Sharing) 7,000.00
Total 67,000.00 Total 5,000.00

Medical Supplies
Item PRICE
Medicines, etc. ₱25,000.00
Total Amount 25,000.00
 Jul. 2019 Aug. 2019 Sep. 2019
6-20700 · CONTRACTUAL SERVICES 22,000.00 22,000.00 22,000.00
6-20910 · REPRESENTATION & ENTERTAINMENT 12,500.00 12,500.00 12,500.00
6-21100 · DONATION & CONTRIBUTION 5,000.00 5,000.00 5,000.00
6-21500 · LIGHT AND WATER 21,000.00 21,000.00 21,000.00
6-21600 · RENT EXPENSE 54,000.00 54,000.00 54,000.00
6-21820 · AUDIT FEES - - -
6-22200 · POSTAGE AND DELIVERIES 550.42 550.42 550.42
6-22500 · BANK CHARGES 6,927.47 6,927.47 6,927.47
6-22810 · INTEREST EXPENSE 17,358.21 17,358.21 17,358.21
6-22820 · SURCHARGES AND PENALTIES 13,457.30 13,457.30 13,457.30
6-1240 · Out of Pocket
6-1230 · Membership fees and dues 25,000
TOTAL 152,793.39 177,793.39 152,793.39
Oct. 2019 Nov. 2019 Dec. 2019 TOTAL
22,000.00 22,000.00 22,000.00 132,000.00
12,500.00 12,500.00 12,500.00 75,000.00
5,000.00 5,000.00 5,000.00 30,000.00
21,000.00 21,000.00 21,000.00 126,000.00
54,000.00 54,000.00 54,000.00 324,000.00
- - 60,000.00 60,000.00
550.42 550.42 550.42 3,302.50
6,927.47 6,927.47 6,927.47 41,564.81
17,358.21 17,358.21 17,358.21 104,149.23
13,457.30 13,457.30 13,457.30 80,743.81
15,000.00 15,000.00
25,000.00
152,793.39 152,793.39 227,793.39 1,016,760.35
AQAAAAkSECURITY MASTERS INVESTIGATION, INC.
AQAhF1By 10:25 AM

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FASAAAA Profit & Loss 7/20/2019
IExvc3MAA
AAAAAAA January through June 2019 Accrual Basis
AAAAAAA
AAAAAAB
AAAAAAA
AAAA Jan - Jun 19
AAAAAAA
Ordinary Income/Expense
AAAAAAA Income
AAAAAAA
AAAAAAA 4-00000 · REVENUES
AAAAAAA 4-10000 · SERVICE INCOME 14,983,026.95 16,481,329.65
AAAAAAA
4-20000 · ROYALTY FEE 716,362.54
AAAAAAA
AAAAAAA 4-60000 · SALARIES & BENEFITS 77,912,662.13 85,703,928.34
AAAAAAA Total 4-00000 · REVENUES 93,612,051.62
AAAAAAA
Total Income 93,612,051.62
AAAAAAA
AAAAAAA Cost of Goods Sold
AAAAAAA 5-00000 · COST PAYABLE-DUE TO GUARDS
BEVwEAM
gALAAEA 5-10000 · SALARIES & WAGES 69,547,939.79 76,470,793.41
AAAAAAA 5-20000 · STATUTORY & OTHER BENEFITS 7,704,310.73 8,474,741.80
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Jul. 2019 Aug. 2019 Sep. 2019 Oct. 2019

2,650,162.17 2,617,748.72 2,747,385.10 2,787,223.27

13,649,560.72 13,898,916.00 14,129,689.76 13,688,236.12

11,071,867 11,274,132 11,461,324 11,103,239

1,195,160 1,256,504 1,506,797 1,304,583
12,179,053.61 12,401,545.12 12,607,456.95 12,213,562.39
1,298,743.51 1,365,404.29 1,637,389.80 1,417,649.54

Page 24 of 41
Nov. 2019 Dec. 2019

2,754,158.43 2,924,651.96

15,168,762.87 15,168,762.87

12,304,171 12,304,171
1,267,890 1,267,890
13,534,587.67 13,534,587.67
1,377,777.33 1,377,777.33

Page 25 of 41
 Jul. 2019 Aug. 2019 Sep. 2019
6-1109 · Fuel, oil and lubricants
HILUX 22,446.35 22,446.35 22,446.35
6-1100 · Transportation and travel
TRANSPORTATION (TOLL FEES, TRANSPORTATION FARE) 78,786.39 78,786.39 78,786.39
MEALS 14,434.17 14,434.17 14,434.17
TOTAL 93,220.55 93,220.55 93,220.55
6-1080 · Materials and supplies
TOTAL 33,004.25 114,638.63 33,004.25
6-1091 · Rep'n and entertainment
6-1110 · Repairs and maintenance
TOTAL 2,660.00 42,344.40 37,423.43
6-1120 · Telephone and Cables
WIFI-SMC HEAD OFFICE 2,499.00 2,499.00 2,499.00
WIFI-SL HARBOUR 2,499.00 2,499.00 2,499.00
WIFI-SAKOMOTO 2,499.00 2,499.00
WIFI-SMFI 2,499.00 2,499.00
WIFI-LOBP 2,499.00 2,499.00
TEL. ALLOWANCE OIC AND SIC 1,500.00 1,500.00 1,500.00
TOTAL 6,498.00 13,995.00 13,995.00
6-1142 · Surety Bond/CGL premiums
TOTAL - 70,000.00 -
6-1190 · Seminars & training expenses
TOTAL 70,000.00 90,000.00 48,000.00
6-1160 · Rent expense-SLEX 15,000.00 15,000.00 15,000.00
6-11600 · POSTAGE AND DELIVERIES (LBC) 500.00 500.00 500.00
6-11901 · LIGHT AND WATER 4,000.00 4,000.00 4,000.00
6-11400 · INSURANCE & BOND PREMIUMS - 97,894.78 97,894.78
6-10700 · CONTRACTUAL SERVICES 127,756.90 127,756.90 127,756.90

TOTAL OTHER COST 375,086.05 691,796.60 493,241.26

Oct. 2019 Nov. 2019 Dec. 2019

22,446.35 22,446.35 22,446.35 134,678.08

78,786.39 78,786.39 78,786.39 472,718.32

14,434.17 14,434.17 14,434.17 86,605.00
93,220.55 93,220.55 93,220.55 559,323.33

196,273.00 139,638.63 259,541.75 776,100.52

25,000.00 25,000.00

- - 15,000.00 97,427.83

2,499.00 2,499.00 2,499.00 14,994.00

2,499.00 2,499.00 2,499.00 14,994.00
2,499.00 2,499.00 2,499.00 12,495.00
2,499.00 2,499.00 2,499.00 12,495.00
2,499.00 2,499.00 2,499.00 12,495.00
1,500.00 1,500.00 1,500.00 9,000.00
13,995.00 13,995.00 13,995.00 76,473.00

- - - 70,000.00

124,000.00 124,000.00 28,000.00 484,000.00

15,000.00 15,000.00 15,000.00 90,000.00
500.00 500.00 500.00 3,000.00
4,000.00 4,000.00 4,000.00 24,000.00
- 97,894.78 - 293,684.33
127,756.90 127,756.90 127,756.90 766,541.39

597,191.80 638,452.20 604,460.55 3,400,228.46

Security Masters Investigation Inc.
Depreciation Schedule
2018 2019
Firearms Date of Purchased yrs. Of Amort. Monthly Dep Present Value Present Value Jan.
323,035.71 9/25/2017 5 5,383.93 306,883.92 242,276.78 5,383.93
61,920.00 9/25/2017 5 1,032.00 58,824.00 46,440.00 1,032.00
464,785.71 12/31/2018 5 7,746.43 464,785.71 457,039.28 7,746.43
54,464.68 1/31/2019 5 907.74 54,464.68 907.74
309,496.07 6/21/2019 5 5,158.27 309,496.07 309,496.07
1,109,716.81 15,070.10

2018 2019
Transpo Date of Purchased yrs. Of Amort. Monthly Dep Present Value Present Value Jan.
1,598,214.29 5/31/2015 5 26,636.90 772,470.24 452,827.38 26,636.90
28,112.00 5/31/2015 3 780.89 3,904.44 -
44,375.00 4/24/2017 3 1,232.64 34,513.89 19,722.22 1,232.64
18,300.00 7/31/2017 3 508.33 15,758.33 9,658.33 508.33
925,149.86 1/31/2019 5 15,419.16 925,149.86 925,149.86 16,082.70
1,323,718.14 5/28/2019 5 22,061.97 1,323,718.14 1,323,718.14
2,731,075.94 44,460.58

2018 2019
Furniture and Fixtures Date of Purchased yrs. Of Amort. Monthly Dep Present Value Present Value Jan.
16,785.71 5/6/2016 3 466.27 7,926.59 2,331.35 466.27
18,928.57 6/15/2016 3 525.79 9,464.29 3,154.76 525.79
10,107.14 7/31/2016 3 280.75 5,334.32 1,965.28 280.75
20,401.78 3/16/2017 3 566.72 15,301.34 8,500.74 566.72
23,526.79 4/5/2017 3 653.52 18,298.61 10,456.35 653.52
19,017.86 8/15/2017 3 528.27 16,904.76 10,565.48 528.27
133,928.57 8/15/2017 3 3,720.24 119,047.62 74,404.76 3,720.24
22,183.04 5/30/2018 3 616.20 22,183.04 17,253.48 616.20
35,710.71 5/30/2018 3 991.96 35,710.71 27,775.00 991.96
3,214.29 6/4/2018 3 89.29 3,214.29 2,589.29 89.29
29,910.71 8/23/2018 3 830.85 29,910.71 25,756.44 830.85
25,973.21 10/8/2018 3 721.48 25,973.21 23,808.78 721.48
32,723.24 4/20/2019 3 908.98 32,723.24 32,723.24
47,428.66 6/28/2019 3 1,317.46 47,428.66 47,428.66
3 - 288,713.60 9,991.34

2018 2019
Communication Eqpt. Date of Purchased yrs. Of Amort. Monthly Dep Present Value Present Value Jan.
48,214.29 3/17/2015 3 1,339.29 4,017.86 -
71,428.57 3/25/2015 3 1,984.13 5,952.38 -
54,000.00 6/29/2015 3 1,500.00 9,000.00 -
43,213.28 9/13/2016 3 1,200.37 25,207.75 10,803.32 1,200.37
30,000.00 9/29/2016 3 833.33 17,500.00 7,500.00 833.33
96,250.00 12/7/2016 3 2,673.61 61,493.06 29,409.72 2,673.61
46,800.00 4/3/2017 3 1,300.00 36,400.00 20,800.00 1,300.00
37,200.00 5/12/2017 3 1,033.33 29,966.67 17,566.67 1,033.33
17,200.00 8/10/2017 3 477.78 15,288.89 9,555.56 477.78
 80,357.14 5/21/2018 3 2,232.14 80,357.14 62,500.00 2,232.14
28,794.64 6/18/2018 3 799.85 28,794.64 23,195.68 799.85
35,312.50 8/14/2018 3 980.90 35,312.50 30,407.99 980.90
1,741.07 8/22/2018 3 48.36 1,741.07 1,499.25 48.36
408,437.50 12/31/2018 3 11,345.49 408,437.50 397,092.01 11,345.49
28,348.21 2/21/2019 3 787.45 28,348.21 28,348.21
4,464.29 4/20/2019 3 124.01 4,464.29 4,464.29
255,000.00 4/20/2019 3 7,083.33 255,000.00 255,000.00
95,714.29 4/20/2019 3 2,658.73 95,714.29 95,714.29
42,733.00 5/30/2019 3 1,187.03 42,733.00 42,733.00
144,017.28 6/18/2019 3 4,000.48 144,017.28 144,017.28
1,180,607.27 22,925.17

2018 2019
Miscellaneous Assets Date of Purchased yrs. Of Amort. Monthly Dep Present Value Present Value Jan.
64,190.54 7/31/2016 3 1,783.07 33,878.34 12,481.49 1,783.07
23,526.79 3/16/2017 3 653.52 17,645.09 9,802.83 653.52
24,419.64 6/13/2017 3 678.32 20,349.70 12,209.82 678.32
13,185.00 7/31/2017 3 366.25 11,353.75 6,958.75 366.25
17,214.29 10/31/2017 3 478.17 16,257.94 10,519.84 478.17
6,781.25 2/1/2018 3 188.37 6,781.25 4,709.20 188.37
21,875.00 5/3/2018 3 607.64 21,875.00 17,013.89 607.64
4,463.39 5/30/2018 3 123.98 4,463.39 3,471.53 123.98
4,142.86 5/30/2018 3 115.08 4,142.86 3,222.22 115.08
29,910.71 7/12/2018 3 830.85 29,910.71 24,925.59 830.85
25,089.29 6/21/2019 3 696.92 25,089.29 25,089.29
130,404.46 5,825.26
 2019
Feb. Mar Apr May Jun
5,383.93 5,383.93 5,383.93 5,383.93 5,383.93
1,032.00 1,032.00 1,032.00 1,032.00 1,032.00
7,746.43 7,746.43 7,746.43 7,746.43 7,746.43
1,815.49 907.74 908.15 907.74
5,158.68
14,162.36 15,977.85 15,070.10 15,070.51 20,228.78 1,014,137.12

2019
Feb. Mar Apr May Jun
26,636.90 26,636.90 26,636.90 26,636.90 26,636.90

1,232.64 1,232.64 1,232.64 1,232.64 1,232.64

508.33 508.33 508.33 508.33 508.33
31,665.40 16,082.69 15,332.71 14,178.56
22,061.97 22,061.96
28,377.88 60,043.28 44,460.57 65,772.56 64,618.39 2,423,342.69

2019
Feb. Mar Apr May Jun
466.27 466.27 466.27 466.27
525.79 525.79 525.79 525.79 525.79
280.75 280.75 280.75 280.75 280.75
566.72 566.72 566.72 566.72 566.72
653.52 653.52 653.52 653.52 653.52
528.27 528.27 528.27 528.27 528.27
3,720.24 3,720.24 3,720.24 3,720.24 3,720.24
616.20 616.20 616.20 616.20 616.20
991.96 991.96 991.96 991.96 991.96
89.29 89.29 89.29 89.29 89.29
830.85 830.85 830.85 830.85 830.85
721.48 721.48 721.48 721.48 721.48
2,194.33 908.98
- 1,317.45
9,991.34 9,991.34 9,991.34 12,185.67 11,751.51 224,811.05

2019
Feb. Mar Apr May Jun

1,200.37 1,200.37 1,200.37 1,200.37 1,200.37

833.33 833.33 833.33 833.33 833.33
2,673.61 2,673.61 2,673.61 2,673.61 2,673.61
1,300.00 1,300.00 1,300.00 1,300.00 1,300.00
1,033.33 1,033.33 1,033.33 1,033.33 1,033.33
477.78 477.78 477.78 477.78 477.78
 2,232.14 2,232.14 2,232.14 2,232.14 2,232.14
799.85 799.85 799.85 799.85 799.85
980.90 980.90 980.90 980.90 980.90
48.36 48.36 48.36 48.36 48.36
11,345.49 11,345.49 11,345.49 11,345.49 11,344.88
1,574.90 1,574.90 787.45
248.02 124.01
14,166.67 7,083.33
5,317.46 2,658.73
1,187.03 1,187.03
4,000.48
22,925.17 24,500.07 22,925.17 45,419.24 38,765.59 1,003,146.86

2019
Feb. Mar Apr May Jun
1,783.07 1,783.07 1,783.07 1,783.07 1,783.01
653.52 653.52 653.52 653.52 653.52
678.32 678.32 678.32 678.32 678.32
366.25 366.25 366.25 366.25 366.25
478.17 478.17 478.17 478.17 478.17
188.37 188.37 188.37 188.37 188.37
607.64 607.64 607.64 607.64 607.64
123.98 123.98 123.98 123.98 123.98
115.08 115.08 115.08 115.08 115.08
830.85 830.85 830.85 830.85 830.85
696.92
5,825.26 5,825.26 5,825.26 5,825.26 6,522.13 94,756.02
 Security Masters Investigation Inc.
PROPOSED CAPITAL EXPENDITURES
For the Year End December 31, 2019

Operation
Firearms
Item # Item Description Unit Price Quantity Total Amount Date Needed Detachment Needed Est. Life Depn/mo
1 9mm ₱23,000.00 33 ₱759,000.00 3rd quarter SMFI 5 12,650.00
Total Proposed Capital Expenditures for Firearms 33 ₱759,000.00 12,650.00
Magazines/ammos
Item # Item Description Unit Price Quantity Total Amount Date Needed Detachment Needed Est. Life Depn/mo
1 Mag with Ammos ₱1,800.00 40 ₱72,000.00 3rd quarter SMFI 5 1,200.00
Total Proposed Capital Expenditures for Firearms 40 ₱72,000.00 1,200.00

Communication Equipment
Item # Item Description Unit Price Quantity Total Amount Date Needed Detachment Needed Est. Life Depn/mo
1 Cignus Handhled ₱8,500.00 30 ₱255,000.00 3rd quarter SMC Head Office Complex 3 7,083.33 done
Total Proposed Capital Expenditures for Radios 30 255,000.00 7,083.33

Transportation Equipment
Item # Item Description Unit Price Quantity Total Amount Date Needed Detachment Needed Est. Life Depn/mo
MOTORCYCLE BOAT ₱35,000.00 1 ₱35,000.00 3RD QUARTER Petron (new client), Main Office (Intramuros) 5 583.33
Total Proposed Capital Expenditures for Vehicles 1 ₱35,000.00 583.33

Office Equipment
Item # Item Description Unit Price Quantity Total Amount Date Needed Detachment Needed Est. Life Depn/mo
STEEL CABINET ₱11,000.00 3 ₱11,000.00 3rd quarter Main Office-Intramuros, SMFI 3 305.56
Laptop ₱50,000.00 1 ₱50,000.00 4th quarter GSV 3 1,388.89
Total Proposed Capital Expenditures for Office Eqpt 4 ₱61,000.00 1,694.44

MISC. ASSETS
Item # Item Description Unit Price Quantity Total Amount Date Needed Detachment Needed Est. Life Depn/mo
HARD HAT ₱70.00 40 ₱2,800.00 3rd quarter SL 3 77.78
IS- FLASHLIGHT ₱1,500.00 10 ₱15,000.00 3rd quarter SL 3 416.67
Total Proposed Capital Expenditures for Office Eqpt 50 ₱17,800.00 494.44

Total Proposed Capital Expenditures for Operations 114 ₱1,199,800.00 ₱23,705.56

Human Resource/ Admin

Office Equipment
Item # Item Description Unit Price Quantity Total Amount Date Needed Detachment Needed Est. Life Depn/mo
STEEL CABINET ₱11,000.00 3 ₱33,000.00 3rd quarter Main Office-Intramuros 3 916.67
Total Proposed Capital Expenditures for HR 3 ₱33,000.00 916.67

Total Proposed Capital Expenditures 3 ₱33,000.00 ₱916.67

Finance
Office Equipment
Item # Item Description Unit Price Quantity Total Amount Date Needed Detachment Needed Est. Life Depn/mo
 LAPTOP ₱50,000.00 1 ₱50,000.00 3rd quarter ATT BASED ON 2017 REQUEST 3 1,388.89
Total Proposed Capital Expenditures for HR 1 ₱50,000.00 ₱1,388.89

Total Proposed Capital Expenditures 118 ₱1,282,800.00 ₱26,011.11

 SECURITY MASTERS INVESTIGATION INC
Balance Sheet
As of June 30, 2019

Jun 30, 19
ASSETS
Current Assets
CASH 5,861,632
ACCOUNTS RECEIVABLES
### AR-AGENCY FEE 9,332,919
### AR-DUE TO GUARDS 38,036,560
AR- RETIREMENT 2,457,185
TOTAL ACCOUNTS RECEIVABLES 49,826,664
OTHER CURRENT ASSETS
ADVANCES AND RECEIVABLES 2,050,208
### OTHER CURRENT ASSETS 1,144,195
TOTAL OTHER CURRENT ASSETS 3,194,403
Total Current Assets 58,882,700
Noncurrent Assets
### PROPERTY & EQUIPMENT 4,763,527
Total Noncurrent Assets 4,763,527
TOTAL ASSETS 63,646,227

LIABILITIES & EQUITY

Liabilities
Current Liabilities
Other Current Liabilities
### TAX LIABILITIES 1,392,822
### FINANCE LEASE - CURRENT -
ACCRUED EXPENSES AND OTHER PAYABLES 20,332,436
Total Current Liabilities 21,725,257

Long Term Liabilities

FUNDS HELD IN TRUST 2,900,519
FUNDS (BOC) (2,121,290)
BALANCE UNFUNDED 779,230
### FINANCE LEASE - NONCURRENT 2,752,672
### NET RETIREMENT LIABILITY 4,446,372
NET DEFERRED TAX LIABILITY 1,090,064
Total Long Term Liabilities 9,068,337
Total Liabilities 30,793,594

Equity
CAPITAL STOCK 14,710,000
RETAINED EARNINGS 9,280,445
### Cumulative Actuarial Gain - Retirement 1,286,281
Net Income 7,575,907
Total Equity 32,852,633
TOTAL LIABILITIES & EQUITY 63,646,227
SECURITY MASTERS INVESTIGATION INC
Projected Cash Flow
For theYear Ending December 31, 2019

Jul. 2019
BEGINNING BALANCE 5,861,632.42
LESS MAINTAINING BALANCE -
CASH AVAILABLE 5,861,632.42
ACCOUNTS RECEIVABLE COLLECTION
AR- BEGINNING 23,684,739.55
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
CREDITABLE WITHHOLDING TAX (83,329.64)
TOTAL COLLECTIONS 23,601,409.91
FUNDS HELD IN TRUST 57,600.00
LOAN AVAILMENTS -

TOTAL CASH RECEIPTS 23,659,009.91

LESS: DISBURSEMENTS
GENERAL AND ADMINISTRATIVE
PERSONNEL COSTS 433,040.43
DEPRECIATION
FUEL, TRANSPORTATION & TRAVEL 114,000.00
INSURANCE & BOND PREMIUMS 40,000.00
SEMINARS & TRAINING EXPENSES -
REPAIRS AND MAINTENANCE -
TAXES AND LICENSES -
TELEPHONE AND POSTAGE 14,400.00
OFFICE AND MEDICAL SUPPLIES 74,000.00
OTHER OPERATING EXPENSES 152,793.39
828,233.82

PAYMENT OF:
DIRECT COSTS TO PAY GUARDS 13,477,797.12
OTHER DIRECT COSTS 375,086.05
FUNDING OF CASH BOND DEPOSITS 1,033,540.00
TAX LIABILITIES 1,392,821.88
FINANCE LEASE - NONCURRENT 119,077.44
ACCRUED EXPENSES AND OTHER PAYABLES -
CAPITAL EXPENDITURES -
16,398,322.49
TOTAL CASH DISBURSEMENTS 17,226,556.31

ENDING BALANCE BEFORE TAX 12,294,086.01

LESS: INCOME TAX PAYMENTS

Second Quarter 2019
Third Quarter 2019
-
ENDING BALANCE AFTER TAX 12,294,086.01
LESS: RESTRICTED FUNDS
MAINTAINING BALANCE 150,000.00
UNRESTRICTED CASH AVAILABLE (SHORTAGE) 12,144,086.01
Aug. 2019 Sep. 2019 Oct. 2019 Nov. 2019
12,294,086.01 16,390,624.36 17,867,445.65 20,190,966.24
- - - -
12,294,086.01 16,390,624.36 17,867,445.65 20,190,966.24

20,276,186.80
18,663,714.33
18,055,091.03
17,570,254.11

(70,397.62) (63,344.57) (61,286.38) (60,975.16)

20,205,789.18 18,600,369.75 17,993,804.66 17,509,278.95
57,600.00 57,600.00 57,600.00 57,600.00
- - - -

20,263,389.18 18,657,969.75 18,051,404.66 17,566,878.95

433,040.43 433,040.43 433,040.43 774,853.43

114,000.00 114,000.00 204,000.00 114,000.00

- - - -
- - - 300,000.00
6,000.00 112,000.00 - -
400,000.00 - - -
14,400.00 14,400.00 14,400.00 14,400.00
99,000.00 74,000.00 74,000.00 99,000.00
177,793.39 152,793.39 152,793.39 152,793.39
1,244,233.82 900,233.82 878,233.82 1,455,046.82

13,766,949.41 14,244,846.74 13,631,211.94 34,912,365.00

691,796.60 493,241.26 597,191.80 638,452.20
- - - 200,000.00
344,793.57 337,749.20 355,369.07 363,983.69
119,077.44 119,077.44 119,077.44 119,077.44
- - - -
- 1,086,000.00 146,800.00 50,000.00
14,922,617.02 16,280,914.64 14,849,650.25 36,283,878.33
16,166,850.84 17,181,148.46 15,727,884.07 37,738,925.15

16,390,624.36 17,867,445.65 20,190,966.24 18,920.04

80,056.55 80,056.55 80,056.55

80,056.55
56,089.53
80,056.55 80,056.55 80,056.55 136,146.08
16,310,567.81 17,787,389.10 20,110,909.69 (117,226.04)

150,000.00 150,000.00 150,000.00 150,000.00

16,160,567.81 17,637,389.10 19,960,909.69 (267,226.04)
 Dec. 2019
18,920.04
-
18,920.04

18,024,257.54
(60,036.67)
17,964,220.87
57,600.00
-

18,021,820.87

874,853.43

114,000.00
-
-
112,000.00
360,500.00
14,400.00
74,000.00
227,793.39
1,777,546.82

14,912,365.00
604,460.55
-
354,589.08
119,077.44
-
-
15,990,492.07
17,768,038.89

272,702.02

136,146.08

136,146.08
136,555.94

150,000.00
(13,444.06)
SMII
Schedule of Value Added Taxes Payable
Y2019
Output VAT 1st quarter ITR
Month Sales OUTPUT Purchases INPUT NET PER Income Tax Return (ITR) 2,234,316.92
Jan 2,234,316.92 268,118.03 313,254.25 37,590.51 230,527.52 Less:
Feb - - 213,838.83 25,660.66 (25,660.66) Actual Expenses as of Feb. 2019 1,914,781.55
Mar - - 199,078.67 23,889.44 (23,889.44) Accrual of Expenses (Prof Fee) 200,000.00
Total 2,234,316.92 268,118.03 726,171.75 87,140.61### 230,527.52 Net Income 119,535.37
Income Tax for 1st Quarter 35,860.61
Apr 5,256,356.25 630,762.75 1,066,751.42 128,010.17 453,202.48
May 1,837,057.17 220,446.86 1,725,403.83 207,048.46 13,398.40 2nd quarter ITR
Jun - 0 PER Sales revenue 12,748,710.03
7,093,413.42 851,209.61 2,792,155.25 335,058.63 466,600.88 Less:
Actual Expenses as of June 2019 8,840,041.86
Accrual of 13th month of admin employees 341,813.00
1st quarter ITR Accrual of Jewelmer SG (Payroll) 2,200,000.00
Sales Revenue on VAT 2,234,316.92 Accrual of Expenses (Prof Fee) 1,100,000.00
PER Income Tax Return (ITR) 2,234,316.92 Net Income 266,855.17
Variance (0.00) Income Tax for 2nd Quarter 80,056.55