NATIONAL COLLEGE OF BUSINESS AND ARTS

Bachelor of Science in Business Administration Department

Fairview, Quezon City

AUTO ESPASYO
Statement of Comprehensive Income
For the Year Ended December 31, 2019, 2020, 2021, 2022, 2023

NOTE
S 2019 2020 2021 2022 2023
Net Sales 12 5,940,000.00 6,414,833.33 6,916,250.00 7,458,000.00 8,052,000.00
Less: Cost of Service 9 (1,213,960.00) (1,213,960.00) (1,213,960.00) (1,213,960.00) (1,213,960.00)
Gross Profit 4,726,040.00 5,200,873.33 5,702,290.00 6,244,040.00 6,838,040.00
Less: Expenses
Operating Expense 2 250,870.46 358,524.54 466,290.83 574,178.68 682,200.76
General & Administrative Expense 3 248,906.95 209,244.80 209,244.80 209,244.80 209,244.80
Total Expense (499,777.41) (567,769.34) (675,535.63) (783,423.48) (891,445.56)

Net Income Before Tax 4,226,262.59 4,633,103.99 5,026,754.37 5,460,616.52 5,946,594.44

Income Tax (30%) (1,267,878.78) (1,389,931.20) (1,508,026.31) (1,638,184.96) (1,783,978.33)
Net Income After Tax 2,958,383.81 3,243,172.79 3,518,728.06 3,822,431.56 4,162,616.11

Partner's Distributive in Net Profit

Net Income After Tax 2,958,383.81 3,243,172.79 3,518,728.06 3,822,431.56 4,162,616.11

Agbayani (16%) 473,341.41 518,907.65 ,996.49 621,189.05 666,018.58
Caburnay (16%) 473,341.41 518,907.65 562,996.49 621,189.05 666,018.58
Dumalanta (16%) 473,341.41 518,907.65 562,996.49 621,189.05 666,018.58
Dumo (16%) 473,341.41 518,907.65 562,996.49 621,189.05 666,018.58
Gomez (20%) 591,676.76 648,634.55 703,745.61 776,486.31 832,523.22
Lancero (16%) 473,341.41 518,907.65 562,996.49 621,189.05 666,018.58
 NATIONAL COLLEGE OF BUSINESS AND ARTS
Bachelor of Science in Business Administration Department
Fairview, Quezon City

AUTO ESPASYO
Statement of Cash Flow
For the Year Ended December 31, 2019, 2020, 2021, 2022, 2023

NOTES 2019 2020 2021 2022 2023

Cash Flow From Operating Activities
Net Income 2,958,383.81 3,243,172.79 3,518,728.06 3,822,431.56 4,162,616.11
Adjustment For Depreciation 7 106,544.58 213,089.16 319,633.74 426,178.32 523,722.90
Decrease/(Increase) in Inventory 10 (7,290.90) (15,310.89) (23,322.77) (31,325.75) (39,318.93)
Decrease/(Increase) in Prepaid Expense 11 1,220,960.00 - - - -
Net Cash Provided in Operating Activities 4,278,597.49 3,440,951.06 3,815,039.03 4,217,284.13 4,647,020.08

Cash Flow From Investing Activities

Decrease/(Increase) in Organizational Cost 3 59,302.15 19,640.00 19,640.00 19,640.00 19,640.00
Decrease/(Increase) in Real Property Tax 3 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00
Net Cash Flow Provided in Investing Activities 69,302.15 29,640.00 29,640.00 29,640.00 29,640.00

Cash Flow From Financing Activities

Net Cash used in Financing Activities - - - - -

Net Increase in Cash 4,347,899.64 3,470,591.06 3,844,679.03 4,246,924.13 4,676,660.08

Cash at Beginning of Year 165,489.45 4,513,389.09 7,983,920.15 11,828,659.18 16,075,583.31

11,828,659.1
Cash at the End of Year 4,513,389.09 7,983,920.15 8 16,075,583.31 20,752,243.39