Table 5.

1 Statements of Income Projections

Mi Amigos Bagoong Alamang

Statements of Income Projections
For the Years Ended December 31, 2022 through 2026

2022 2023 2024 2025 2026

Sales 2,059,200.00 2,260,440.00 2,476,656.00 2,708,842.50 2,708,842.50

Less: Cost of Goods Sold 928,200.00 963,636.00 1,000,843.80 1,039,911.99 1,080,933.59
Gross Sales 1,131,000.00 1,296,804.00 1,475,812.20 1,668,930.51 1,627,908.91
Less: Operating Expenses
Salaries 222,080.00 222,080.00 222,080.00 222,080.00 222,080.00
SSS, Philhealth, & Pag-Ibig 84,600.00 84,600.00 84,600.00 84,600.00 84,600.00
Office Supplies 1,400.00 1,442.00 1,485.26 1,529.82 1,575.71
Regulatory Fees 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00
Plant Supplies 383,630.00 395,138.90 406,993.07 419,202.86 431,778.94
Rent Expense 60,000.00 60,000.00 60,000.00 60,000.00 60,000.00
Advertising Expense 27,080.00 27,080.00 27,080.00 27,080.00 27,080.00
Utilities Expense 96,000.00 98,880.00 101,846.40 104,901.79 108,048.85
Transportation Expense 49,200.00 49,200.00 49,200.00 49,200.00 49,200.00
Depreciation Expense
Office Equipments 4,100.00 4,100.00 4,100.00 4,100.00 4,100.00
Office Furniture and Fixtures 4,100.00 4,100.00 4,100.00 4,100.00 4,100.00
Plant Machineries 30,000.00 30,000.00 30,000.00 30,000.00 30,000.00
Production Tools 2,648.10 2,648.10 2,648.10 2,648.10 2,648.10
Total Operating Expenses 968,838.10 983,269.00 998,132.83 1,013,442.57 1,029,211.60
Net Sales before taxes 162,161.90 313,535.00 477,679.37 655,487.94 598,697.31
Less: 12% vat remittances 220,628.57 242,190.00 265,356.00 290,233.13 290,233.13
Net Sales after taxes (58,466.67) 71,345.00 212,323.37 365,254.82 308,464.18
Table 5.2 Statements of Financial Position Projections

Mi Amigos Bagoong Alamang

Statements of Financial Position Projections
For the Years Ended December 31, 2022 through 2026

2022 2023 2024 2025 2026

ASSETS
Current Assets
Cash on Hand 120,891.43 233,084.53 486,256.00 892,358.92 1,241,671.20
Total Current Assets 120,891.43 233,084.53 486,256.00 892,358.92 1,241,671.20
Non Current Assets
Office Equipments 16,400.00 12,300.00 8,200.00 4,100.00 -
Office Furniture and Fixtures 16,400.00 12,300.00 8,200.00 4,100.00 -
Plant Machineries 270,000.00 240,000.00 210,000.00 180,000.00 150,000.00
Production Tools 17,841.90 15,193.80 12,545.70 9,897.60 7,249.50
Total Non Current Assets 320,641.90 279,793.80 238,945.70 198,097.60 157,249.50
TOTAL ASSETS 441,533.33 512,878.33 725,201.70 1,090,456.52 1,398,920.70

LIABILITIES AND OWNER'S EQUITY

Current Liabilities - - - - -
Non Current Liabilities - - - - -
Owner's Equity 441,533.33 512,878.33 725,201.70 1,090,456.52 1,398,920.70
TOTAL LIABILITIES AND OWNER'S EQUITY 441,533.33 512,878.33 725,201.70 1,090,456.52 1,398,920.70
Table 5.3 Statements of Changes in Equity Projections

Mi Amigos Bagoong Alamang

Statements of Changes in Equity Projections
For the Years Ended December 31, 2022 through 2026

2022 2023 2024 2025 2026

BEGINNING BALANCE - 441,533.33 512,878.33 725,201.70 1,090,456.52

Add: Investments 500,000.00 - - - -
Net Sales (58,466.67) 71,345.00 212,323.37 365,254.82 308,464.18
Total 441,533.33 512,878.33 725,201.70 1,090,456.52 1,398,920.70
Less: Personal Drawings - - - - -
TOTAL EQUITY 441,533.33 512,878.33 725,201.70 1,090,456.52 1,398,920.70
Table 5.4 Statements of Cash Flows Projections

Mi Amigos Bagoong Alamang

Statements of Cash Flows Projections
For the Years Ended December 31, 2022 through 2026

2022 2023 2024 2025 2026

Cash Flows from Operating Activities

Net Sales (58,466.67) 71,345.00 212,323.37 365,254.82 308,464.18
Adjustments to reconcile net income to net cash
provided by operating activities
Depreciation expenses
Office Equipments 4,100.00 4,100.00 4,100.00 4,100.00 4,100.00
Office Furniture and Fixtures 4,100.00 4,100.00 4,100.00 4,100.00 4,100.00
Plant Machineries 30,000.00 30,000.00 30,000.00 30,000.00 30,000.00
Production Tools 2,648.10 2,648.10 2,648.10 2,648.10 2,648.10
Net Cash Provided by/(Used in) Operating Activities (17,618.57) 112,193.10 253,171.47 406,102.92 349,312.28
Cash Flows from Investing Activities
Purchases
Office Equipments (20,500.00)
Office Furniture and Fixtures (20,500.00)
Plant Machineries (300,000.00)
Production Tools (20,490.00)
Net Cash Provided by/(Used in) Financing Activities (361,490.00)
Cash Flows from Financing Activities
Cash received as investments by partners/owners 500,000.00
Owner's personal drawings -
Net Cash Provided by/(Used in) Financing Activities 500,000.00
Net Increase/(Decrease) in Cash 120,891.43 112,193.10 253,171.47 406,102.92 349,312.28
Cash Balance at the Beginning of the Period - 120,891.43 233,084.53 486,256.00 892,358.92
Cash Balance at theEnd of the Period 120,891.43 233,084.53 486,256.00 892,358.92 1,241,671.20
Table 5.5 Financial Statement Analysis

Mi Amigo's Bagoong Alamang

Financial Statement Analysis
For the Years Ended December 31, 2022 through 2026

2022 2023 2024 2025 2026

PROFITABILITY RATIOS
Return on Total Assets Net Sales -13% 13.91% 29.28% 33.50% 22.05%
Total Assets

Return on Sales Net Sales -2.84% 3.16% 8.57% 13.48% 11.39%

Sales

Return on Investment Net Sales -11.69% 14.27% 42.46% 73.05% 61.69%

Investment