Piliart Nuts

Rizal Street, Sagpon, Daraga, Albay

TOTAL PROJECT COST

Description Amount Subtotal
A. Fixed Assests
Store Tools and Equipment ₱42,164.00
Office Furniture and Fixture 10,700.00 ₱52,864.00
B. Working Capital
Raw Materials Supplies 63,862.50
Packaging and Other Supplies 8,500.00
Office Supplies 1,840.00
Housekeeping Supplies 800.00
Renovation Cost 64,000.00
Rental 10,000.00
Utilities Expense 2,930.25
Salaries & Wages 28,444.00
Taxes and Licenses 6,750.00
SSS/Phil. Health 1,832.00 188,658.75

C. Organization Cost
Water Installation 3,800.00
Electric Installation Cost 5,000.00 8,800.00

D. Provision for Contingencies(A+B+C)(5%) 14,677.25

Total Project Cost ₱265,000.00

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 Projected Income Statement
As of December 31, 2016-2020
Description 2016 2017 2018 2019 2020
Gross Sales 2,100,000.00 2,640,000.00 3,240,000.00 3,900,000.00 4,620,000.00

Less Expenses:
Employee Salaries 341,328.00 358,394.30 376,314.12 395,129.83 414,886.32
SSS/Phil. Health 21,984.00 23,083.20 24,237.36 25,449.23 26,721.69
Housekeeping Supplies 9,600.00 10,080.00 10,584.00 11,113.20 11,668.86
Packaging 102,000.00 107,100.00 112,455.00 118,077.75 123,981.64
Office Supplies 22,080.00 23,184.00 24,343.20 25,560.36 26,838.38
Raw Material supplies &Expense 766,350.00 804,667.50 844,906.88 887,145.92 931,503.22
Taxes and Licenses 6,450.00 6,772.50 7,111.13 7,466.69 7,840.02
Utilities Expense 35,163.00 36,921.15 38,767.21 40,705.57 42,740.85
Rent Expense 120,000.00 126,000.00 132,600.00 139,230.00 146,191.50
Renovation Cost 64,000.00 67,200.00 70,560.00 74,088.00 77,792.40
Depreciation Tools and Equipment - - - 8,534.00 8,534.00
Depreciation Store Furniture and Fixture - - - 2,140.00 2,140.00
Total Expenses 1,488,955.00 1,563,402.75 1,641,872.90 1,734,640.55 1,820,838.88
Income Before Tax 611,045.00 1,076,597.25 1,598,127.10 2,165,359.45 2,799,161.12
Income Tax Expense(32%) 183,313.50 322,979.18 479,438.13 649,607.84 839,748.34

Net Income 427,731.50 753,618.07 1,118,688.97 1,515,751.61 1,959,412.78

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 PILIART NUTS
Projected Cash Flow Statement
As December 31, 2016-2020

Description Pre-Operating 2016 2017 2018 2019 2020

Cash Inflow
Equity:
Cash sales - 2,100,000.00 2,640,000.00 3,240,000.00 3,900,000.00 4,620,000.00
Accounts Receivable - 248,302.50 260,717.63 273,753.57 287,441.19 301,813.25
Total Cash Inflow - 2,348,302.50 2,900.717.63 3,513,753.57 4,187,441.19 4,921,813.25

Cash Out Flow

Fixed Assets:
Store Tools and Equipment 42,164.00
Store Furniture and Fixture 10,700.00 - - - - -
Pre-Operating Expense
Salaries & Wages 341,328.00 341,328.00 358,394.30 376,314.12 395,129.83 414,886.32
SSS/PH 21,984.00 21,984.00 23,083.20 24,237.36 25,449.23 26,721.69
Housekeeping Supplies 9,600.00 9,600.00 10,080.00 10,584.00 11,113.20 11,668.86
Packaging 102,000.00 102,000.00 107,100.00 112,455.00 118,077.75 123,981.64
Office Supplies 22,080.00 22,080.00 23,184.00 24,343.20 25,560.36 26,838.38
Raw Materials 766,350.00 766,350.00 804,667.50 844,906.88 887,145.92 931,503.22
Taxes & License 6,450.00 6,450.00 6,772.50 7,111.13 7,466.69 7,840.02
Utilities Expense 35,163.00 35,163.00 36,921.15 38,767.21 40,705.57 42,740.85
Rental Expense 120,000.00 120,000.00 126,000.00 132,600.00 139,230.00 146,191.50
Renovation Cost 64,000.00 64,000.00 67,200.00 70,560.00 74,088.00 77,792.40
Depreciation Tools & Equip. 8,534.00 8,534.00
Depreciation Furniture & Fix. 2,140.00 2,140.00
Total Cash Outflow 1,488,995.00 1,488,995.00 1,563,402.75 1,641,872.90 1,734,640.55 1,820,838.88
Net Cash Flow 1,436,131.00 859,307.50 1,337,314.88 1,871,880.67 2,452,800.64 3,100,974.37

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 PILIART NUTS
Projected Balance Sheet
For the Year Ended December 31, 2015-2019
Description 2016 2017 2018 2019 2020
Current Assets:
Cash 579,372.50 899,591.12 1,258,710.67 1,649,524.40 2,086,624.82
Accounts Receivable 248,302.50 260,717.63 273,753.51 287,441.19 301,813.25
Fixed Assets:
Tools and Equipment 42,670.00 44,803.50 47,043.68 49,395.86 51,865.65
Store Furniture and Fixtures 10,700.00 11,235.00 11,796.75 12,386.59 13.005.92
Total Assets 881,045.00 1,216,347.25 1,591,304.61 1,998,748.04 2,453,309.64

Liabilities:
Accounts Payable 5,000.00 5,250.00 5,512.50 5,788.13 6,077.54
Taxes Payable 183,313.50 192,479.18 202,103.14 212,208.30 222,818.72
Total Liabilities: 188,313.50 197,729.18 207,615.64 217,996.43 228,896.26
Partner's Capital:
MIRABEL,capital 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00
MALATE,capital 90,000.00 90,000.00 90,000.00 90,000.00 90,000.00
NAGARES,capital 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00
OMBAO,capital 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00
HERRERA,capital 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00
Total Partners Capital 265,000.00 265,000.00 265,000.00 265,000.00 265,000.00

Total Liabilities & Capital 453,313.50 462,729.18 472,615.64 482,996.43 493,896.86

Add. Net Income 427,731.50 753,618.07 1,118,688.97 1,515,751.61 1,959,412.78
Total 881,045.00 1,216,347.25 1,591,304.61 1,998,748.04 2,453,309.64

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Schedule 2 Retained Earnings
Description 2016 2017 2018 2019 2020
Balancing 0 427,731.50 1,181,349.57 2,300,038.54 3,815,790.15
Net Income For The Year 427,731.50 753,618.07 1,118,688.97 1,515,751.61 1,959,412.78
Ending Balance 427,731.50 1,181,349.57 2,300,038.54 3,815,790.15 5,775,202.93

Schedule 3 Cash Sales(including VAT)

Description 2016 2017 2018 2019 2020
Sales 2,100,000.00 2,640,000.00 3,240,000.00 3,900,000.00 4,620,000.00
Output VAT(12%) 252,000.00 316,800.00 388,800.00 468,000.00 554,400.00
Cash Sales 2,352,000.00 2,956,800.00 3,628,800.00 4,368,000.00 5,174,400.00

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