Sagada Inn

Statement of Comprehensive Income

For the year ended December 31, 2019
(in thousands pesos)

Rooms
Food
Beverage
Telecommunications
Rental and Other Income
Total Operating Revenue
Less: Cost of Sales
Food
Beverage
Telecommunications
Gross Profit
Less: Operating Expenses
Payroll and Related Expenses
Other Expenses
Administrative Expenses
Marketing
IT Systems
Transportation
Maintenance
Utility
Interest Expense
Net Profit

Sagada Inn
Statement of Changes in Equity
For the year ended December 31, 2019
(in thousands pesos)

Beginning
Dividends
Net Profit
Ending Balance

Sagada Inn
Statement of Financial Position
 As of December 31, 2019

ASSETS
Current Assets
Cash and Cash equivalents
Marketable Securities
Inventories
Accounts and Other Receivables
Prepaid Expenses
Total Current Assets

Non-Current Assets
Land
Hotel building
Furniture & Fixtures
Service Vehicles
Total Accumulated Depreciation
Other Assets
Total Non-Current Assets

Total Assets

LIABILITIES AND EQUITY

Current Liabilities
Accounts and Other Payables
Short Term Notes Payable
Total Current Liabilities

Non-Current Liabilities
Long Term Notes Payable
Bank Loans Payable after 5 years
Total Non-Current Liabilities

Total Liabilities

Equity:
Common Stock
Retained Earnings
Total Equity

Total Liabilities and Equity

 Sagada Inn
t of Comprehensive Income
ar ended December 31, 2019
in thousands pesos)

30,460.00
12,520.00
4,600.00
1,000.00
100.00
48,680.00

4,160.00
1,240.00
900.00 6,300.00
42,380.00

13,860.00
3,500.00
1,460.00
1,340.00
640.00
420.00
1,630.00
1,840.00
2,200.00 26,890.00
₱ 15,490.00

Sagada Inn
ment of Changes in Equity
ar ended December 31, 2019
in thousands pesos)

Common Stock Retained Earnings

250,000.00 100,000.00
- 3,000.00
15,490.00
₱ 250,000.00 ₱ 112,490.00

Sagada Inn
ment of Financial Position
of December 31, 2019

ASSETS

87,110.00
35,000.00
102,790.00
45,600.00
16,800.00
₱ 287,300.00

502,000.00
1,080,000.00
345,000.00
225,000.00
- 75,000.00
10,780.00
₱ 2,087,780.00

₱ 2,375,080.00

ILITIES AND EQUITY

12,590.00
50,000.00
₱ 62,590.00

450,000.00
1,500,000.00
₱ 1,950,000.00

₱ 2,012,590.00

250,000.00
112,490.00
₱ 362,490.00

₱ 2,375,080.00
 Art Company
TRIAL BALANCE
December 31, 2019

Acct code Account titles Debit Credit

Cash 21,000
Accounts Receivable 28,500
Building 375,000
Land 87,000
Accounts Payable 26,400
Notes Payable 135,000
Go, Capital 254,700
Go, Withdrawals 18,000
Service Revenue 258,000
Insurance Expense 9,600
Salaries Expense 75,000
Equipment Rentals Expense 15,000
Utilities Expense 30,000
Supplies Expense 15,000

BALANCE 674,100 674,100

 Art Company
Statement of Comprehensive Incom
For the year ended December 31, 20

Service Revenue
Less: Operating Expenses
Insurance Expense
Salaries Expense
Equipment Rentals Expense
Utilities Expense
Supplies Expense
Net Profit

Art Company
Statement of Changes in Equity
For the year ended December 31, 20

Go, Capital
Add; Net Profit
Total
Less;

Art Company
Statement of Financial Position
As of December 31, 2019

ASSETS
Current Assets
Cash
Accounts Receivable
Total Current Assets

Non-Current Assets
Building
Land
Total Non-Current Assets

Total Assets

LIABILITIES AND EQUITY

Liabilities
 Accounts Payable
Notes Payable

- Total Liabilities

Equity:

Total Liabilities and Equity

Company
omprehensive Income
ed December 31, 2019

258,000

9,600
75,000
15,000
30,000
15,000 144,600
113,400

Company
Changes in Equity
ed December 31, 2019

254,700
113,400
368,100
18,000
350,100

Company
f Financial Position
ember 31, 2019

ASSETS

21,000
28,500
₱ 49,500.00

375,000
87,000
₱ 462,000.00

₱ 511,500.00

ES AND EQUITY
 26,400
135,000
₱ 161,400.00

₱ 350,100.00

₱ 511,500.00