OCHO AVENUE

Statements of Financial Position

As of December 2021
(All amounts in Philippine Peso)

ASSETS
2021
Current assets
Cash 628,333.00
Inventory 22,500.00
Total current assets 650,833.00

Non Current Assets

Equipment 50,000.00
Furniture and Fixtures 20,000.00
Total non current assets 70,000.00
Total assets 720,833.00

LIABILITIES AND EQUITY

Loans Payable 200,000.00
Total liabilities 200,000.00

Equity
Net Income 620,833.00
Drawings (100,000.00)
Total equity 520,833.00
Total liabilities and equity 720,833.00

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 OCHO AVENUE
Income Statement
For the year ended December 31, 2021
(All amounts in Philippine Peso)

Revenue
Kwek-kwek (13/pc x 50pcs/day) x 365 days 237,250.00
Isaw (5/pc x 50pcs/day) x 365 days 91,250.00
Chicken Skin (3/pc x 50pcs/day) x 365 days 54,750.00
Balut (18/pc x 50pcs/day) x 365 days 328,500.00
Calamares (5/pc x 100pcs/day) x 365 days 182,500.00
Fish Ball (1/pc x100pcs/day) x 365 days 36,500.00
Adidas (7/pc x 50pcs/day) x 365 days 127,750.00
Pork Barbecue (12/pc x 50pcs/day) x 365 days 219,000.00
Cost of Sales
Purchases 335,600.00
Ending Invty (22,500.00)
Cost of Sales
Gross Income
Operating expenses
Salaries Expense
Rent Expense
Repairs and Maintenance
Miscellaneous
Taxes and licenses
Light & Water
Total Expenses

Net Income
 2021

1,277,500.00
60,000.00

24000
313,100.00
964,400.00

120,000.00
75,000.00
30,000.00
60,000.00
34,567.00
24,000.00
343,567.00

620,833.00
 OCHO AVENUE
Cash Flow Statement
For the year ended December 31, 2021
(All amounts in Philippine Peso)
2021
Operating Cash Flow
Cash Receipts from Customer 1,277,500.00
Cash Paid for:
Salaries Expense 120,000.00
Rent Expense 75,000.00
Repairs and Maintenance 30,000.00
Miscellaneous 60,000.00
Taxes and licenses 34,567.00
Light and Water 24,000.00
Inventory 335,600.00
Net Operating Cash Flow 598,333.00

Investing Cash Flow

Purchase of Equipment 50,000.00
Purchase of Furnitures 20,000.00
Net Investing Cash Flow (70,000.00)

Financing Cash Flow

Loan Proceeds 200.000.00
Personal Drawings 100,000.00
Net Financing Cash Flow 100,000.00

Net Ending Cash Balance 628,333.00

Description Cost Quantity Total Cost Useful Life Annual Depreciation
Equipment (Cooking set) 50,000.00 1 50,000.00 2 25,000.00
Chairs 200.00 25 5,000.00 2 2,500.00
Tables 750.00 20 15,000.00 2 7,500.00
preciation