FINANCIAL STATEMENT

PICK-A PIZZA
Balance Sheet
For the year ended May 2022

ASSETS

CURRENT ASSET

Cash on Hand ₱10,000

Cash in Bank 124,706

Inventory 87,356

TOTAL CURRENT ASSETS 222,062

NON-CURRENT ASSET

Tools and Equipment 34,923

Less Accumulated 6,985

Depreciation

TOTAL NON-CURRENT ASSET 27,938

TOTAL ASSETS ₱250,000

Partners Equity

ALGENIO, JHASMINE C. ₱50,000

CHUMACERA, LYKA DYAN R. 50,000

JIMENEZ, ELLEN P. 50,000

Table 4.

ORTEGA, KYLE MARIS B. 50,000 Balance

QUIJANO, GWYNETTE S. 50,000 Sheet

Total Liabilities and Owner’s Equity ₱250,000

Table 5. Cash Flow of Pick-A Pizza for a Year
 FINANCIAL STATEMENT
PICK-A PIZZA
Income Statement
For the year ended May 2022

SALES ₱1,653,120
Purchases ₱1,135,628
Less Ending Inventory 87,356
Cost of Sales 1,048,272
GROSS PROFIT 604,848
Operating Expense
Salary Expenses 313,488
Shop Rental Expenses 60,000
Fuel Expenses 36,000
Supplies Expense 29,016
Utility Expenses 24,000
Depreciation Expense 6,985 469,489
Monthly contribution
PhilHealth 14,400
SSS 14,040
Pag-Ibig 3,600 32,040
Administrative Cost
Legal Expenses 10,000
TOTAL NET INCOME ₱93,319
Table 6. Income Statement
a.b. Future Funding Needs

After 5 years of successful service, each proprietor would contribute twice as much as

they did in the first year of operation. They will also open a franchise and recruit more

employees.

a.c. Use of Funds

Table 7. Basic Financial Plan