La Consolacion College Tanauan 87

LOMI PROJECT
PROJECTED BALANCE SHEET AND FOR THE NEXT FIVE (5) YEARS - 2018-2022

Ref YEAR 1 (2018) YEAR 2(2019) YEAR 3 (2020) YEAR 4(2021 YEAR 5 (2022)
ASSETS
Cash 435,427.45 650,223.64 87,505.00 2,130,361.06 5,358,212.67
Supplies Fig 5m 16,800.00 18,480.00 2,143,163.06 2,357,479.37 2,593,227.30
Merchandise Inventory Fig. 5i 175,184.10 210,220.92 252,265.10 302,718.12 363,261.75
Furniture & Fixtures 62,000.00 62,000.00 62,000.00 62,000.00 62,000.00
Fig. 5p
Accumulated Depreciation-Fun. & Fixt 7,200.00 14,400.00 21,600.00 28,800.00 36,000.00
Equipment 125,000.00 125,000.00 125,000.00 125,000.00 125,000.00
Fig. 5q
Accumulated Depreciation-Equipment 23,300.00 46,600.00 69,900.00 93,200.00 116,500.00
Utensils 22,000.00 22,000.00 22,000.00 22,000.00 22,000.00
Fig. 5r
Accumulated Depreciation-Utensils 2,950.00 5,900.00 8,850.00 11,800.00 14,750.00
TOTAL ASSETS 802,961.55 1,021,024.56 2,591,583.16 4,865,758.55 8,356,451.72

LIABILITIES
Payable - - - - -
PARTNERS' EQUITY
Araneta, Capital 200,000.00 242,142.00 484,284.00 928,048.02 1,689,541.69
Bondad, Capital Fig. 5x 200,000.00 267,653.85 484,284.00 928,048.02 1,689,541.69
De Leon, Capital 200,000.00 267,653.85 484,284.00 928,048.02 1,689,541.69
TOTAL PARTNERS' EQUITY 600,000.00 777,449.70 1,452,852.00 2,784,144.06 5,068,625.07
add : NET INCOME 202,961.55 775,507.15 1,681,806.01 2,849,139.59 4,336,808.92
TOTAL LIABILITIES & PARTNERS' EQUITY 802,961.55 1,552,956.85 3,134,658.01 5,633,283.65 9,405,433.99
 La Consolacion College Tanauan 88

PROJECTED INCOME STATEMENT AND FOR THE NEXT FIVE (5) YEARS - 2018-2022

ACCOUNTS Ref YEAR 1 (2018) YEAR 2(2019) YEAR 3 (2020) YEAR 4(2021 YEAR 5 (2022)
Income from Sales Fig. 5a 7,056,000.00 8,467,200.00 10,160,640.00 12,192,768.00 14,631,321.60
Less: Sales Returns & Allowances Fig.5b 6,300.00 6,615.00 6,945.75 7,293.04 7,657.69
Sales Discounts Fig. 5c 27,000.00 29,700.00 32,670.00 35,937.00 39,530.70
Net Sales 7,002,000.00 8,407,800.00 10,095,300.00 12,120,894.00 14,552,260.20
Less : COST of SALES
Merchandise Inventory Beginning Fig. 5d 175,184.10 210,220.92 252,265.10 302,718.12
Add: Purchases Fig. 5e 6,006,312.00 6,606,943.20 7,267,637.52 7,994,401.27 8,793,841.40
Freight In Fig.5f 150,157.92 157,665.82 165,549.11 173,826.56 182,517.89
Total Purchases 6,156,469.92 6,764,609.02 7,433,186.63 8,168,227.83 8,976,359.29
Less: Purchase Return and Allowances Fig. 5g 150,157.80 154,662.53 159,302.41 164,081.48 169,003.93
Purchase Discounts Fig. 5h 300,315.60 315,331.38 331,097.95 347,652.85 365,035.49
Net Purchases 5,705,996.52 6,294,615.10 6,942,786.27 7,656,493.51 8,442,319.87
TOTAL Good Available for Sale 5,705,996.52 6,469,799.20 7,153,007.19 7,908,758.61 8,745,038.00
Less: Merchandise Inventory End Fig 5i 175,184.10 210,220.92 252,265.10 302,718.12 363,261.75
COST OF SALES 5,530,812.42 6,259,578.28 6,900,742.08 7,606,040.48 8,381,776.25
GROSS INCOME FROM SALES 1,471,187.58 2,148,221.72 3,194,557.92 4,514,853.52 6,170,483.95
Less : Operating Expenses
Labor Cost Fig. 5j 624,390.40 655,609.92 688,390.42 722,809.94 758,950.43
Utilities Expense Fig 5k 182,280.00 191,394.00 200,963.70 211,011.89 221,562.48
Communication Expense Fig.5l 23,400.00 23,400.00 23,400.00 23,400.00 23,400.00
Supplies Expense Fig.5m 67,200.00 73,920.00 81,312.00 89,443.20 98,387.52
Advertising Expense Fig.5n 7,750.00 8,525.00 9,377.50 10,315.25 11,346.78
Rent Expense Fig.5o 240,000.00 264,000.00 290,400.00 319,440.00 351,384.00
Depreciation Expense- F & F Fig.5p 7,200.00 14,400.00 21,600.00 28,800.00 36,000.00
Depreciation Expense- Equipment Fig.5q 23,300.00 46,600.00 69,900.00 93,200.00 116,500.00
Depreciation Expense- Utensils Fig.5r 2,950.00 5,900.00 8,850.00 11,800.00 14,750.00
Permits & Licenses Expense Fig.5s 19,500.00 20,475.00 21,498.75 22,573.69 23,702.37
Improvements/ Installation Fig.5t 33,000.00 23,100.00 25,410.00 27,951.00 30,746.10
Miscellaneous Expense Fig.5u 12,000.00 13,200.00 14,520.00 15,972.00 17,569.20
Pre-Operating Expense Fig.5v 8,000.00 - - - -
Total Operating Expense 1,250,970.40 1,340,523.92 1,455,622.37 1,576,716.96 1,704,298.88
GROSS OPERATING INCOME 220,217.18 807,697.80 1,738,935.55 2,938,136.56 4,466,185.07
Add: Other Income - Sales of Left Overs, etc. Fig. 5w 26,880.00 32,256.00 38,707.20 46,448.64 55,738.37
GROSS INCOME 247,097.18 839,953.80 1,777,642.75 2,984,585.20 4,521,923.44
Less: Tax ( 3% of the Gross Income From Sales) 44,135.63 64,446.65 95,836.74 135,445.61 185,114.52
NET INCOME 202,961.55 775,507.15 1,681,806.01 2,849,139.59 4,336,808.92
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