5.

4Preparation of Financial Statements

5.3.1 Projected Cash Flow
Table 32.
SAINT MICHAEL FLOWERS AND CAFÉ
Projected Statement of Cash Flow
For the Year Ended 2023-2026
Year 1 Year 2 Year 3
Cash flows from Operating Activites
Collection on sales (Flowers) ₱2,150,150.00 ₱ 2,183,250.00 ₱ 2,242,700.00
Collection on sales (Coffee) ₱2,567,500.00 ₱ 2,619,660.00 ₱ 2,994,810.00
Depreciation ₱ 8,198.68 ₱ 8,608.61 ₱ 9,039.04
Payment for Purchases ₱ 468,600.00 ₱ 492,030.00 ₱ 516,631.50
Payment for Direct Labor ₱ 1,249,950.00 ₱ 1,312,447.50 ₱ 1,378,069.88
Payment for Utilities ₱ 69,588.00 ₱ 69,588.00 ₱ 69,588.00
Payment for Factory Overhead ₱ 55,417.00 ₱1,843,555.00 ₱ 58,187.85 ₱ 1,940,861.96 ₱ 61,097.24 ₱ 2,034,425.66
Net Cash Inflow from Operating Activities ₱2,874,095.00 ₱ 2,862,048.04 ₱ 208,274.34

Cash Flows from Investing Activities

Cost for Building ₱ 200,000.00
Acquisition of Machineries, Equipment,
₱ 99,096.00
Tools, Furniture and Fixtures
Net Cash Outflow from Investing Activites ₱ 299,096.00

Cash flow from Financing Activities

Owner's Investment ₱2,100,000.00
Net Cash inflow from financing Activities ₱2,100,000.00
Net Increase in cash ₱ 2,862,048.04 ₱ 208,274.34
Cash Balance at the beginning of the period ₱ 4,674,999.00 ₱ 6,037,047.04
Cash Withdrawal ₱ 1,500,000.00 ₱ 100,000.00
Cash Balance at the end of the period ₱4,674,999.00 ₱ 6,037,047.04 ₱ 6,145,321.37
 5.3.2 Projected Income Statement
Table 33.
SAINT MICHAEL FLOWERS AND CAFÉ
Projected Income Statement
As of December 2023-2026
Year 1 Year 2 Year 3
Sales ₱ 4,717,650.00 ₱ 4,802,910.00 ₱ 5,237,510.00
Less: Cost of Goods Sold ₱ 1,092,256.36 ₱ 1,092,256.36 ₱ 382,451.66 ₱ 382,451.66 ₱ 398,145.82 ₱ 398,145.82
Gross Profit ₱ 3,625,393.64 ₱ 4,420,458.34 ₱ 4,839,364.18

Operating Expense
Purchases Expense ₱ 468,600.00 ₱ 492,030.00 ₱ 516,631.50
Salaries and Wages Expense ₱ 1,249,950.00 ₱ 1,312,447.50 ₱ 1,378,069.88
Building Expense ₱ 200,000.00 - -
Machineries and Equipement Expense ₱ 83,186.00 - -
Furniture and Fixture Expense ₱ 15,910.00 - -
Business permits and Licenses ₱ 4,715.00 ₱ 4,715.00 ₱ 4,715.00
Utilities Expense ₱ 69,588.00 ₱ 69,588.00 ₱ 69,588.00
Depreciation Expense (8,198.68) (8,198.68) (8,198.68)

Total Operating Expense ₱ 2,083,750.32 ₱ 1,870,581.82 ₱ 1,960,805.70

Net Income before Tax ₱ 1,541,643.32 ₱ 2,549,876.52 ₱ 2,878,558.49
 5.3.3. Projected Balance Sheet
Table 34.
SAINT MICHAEL FLOWERS AND CAFÉ
Projected Balance Sheet
As of December 2023-2026
Year 1 Year 2 Year 3
ASSETS
Current Assets
Cash ₱ 4,674,999.00 ₱ 6,037,047.04 ₱ 6,145,321.37
Total Current Assets ₱ 4,674,999.00 ₱ 6,037,047.04 ₱ 6,145,321.37

Non-Current Asset
Land ₱ 25,000.00 ₱ 26,250.00 ₱ 27,037.50
Land Improvement ₱ 25,000.00 ₱ 26,250.00 ₱ 27,037.50
Building ₱ 150,000.00 ₱ 157,500.00 ₱ 162,225.00
Machine and Equipment ₱ 83,186.00 ₱ 87,345.30 ₱ 89,965.66
Furniture and Fixture ₱ 15,910.00 ₱ 16,705.50 ₱ 17,206.67
Less: Accumulation Depreciation (8,198.68) ₱ 290,897.32 (8,198.68) 314,050.80 (8,198.68) 323,472.32
Total Non-Current Assets ₱ 290,897.32 ₱ 314,050.80 ₱ 323,472.32
Total Assets ₱ 4,965,896.32 ₱ 6,351,097.84 ₱ 6,468,793.70

LIABILITIES
Salaries & Wages payable ₱ 1,249,950.00 ₱ 1,312,447.50 ₱ 1,378,069.88
Taxes Payable ₱ 4,715.00 ₱ 4,715.00 ₱ 4,715.00
Utilities Payable ₱ 69,588.00 ₱ 1,324,253.00 ₱ 69,588.00 ₱ 1,386,750.50 ₱ 69,588.00 ₱ 1,452,372.88
Total Liabilities ₱ 1,324,253.00 ₱ 1,386,750.50 ₱ 1,452,372.88
Owner's Equity
Capital ₱ 2,100,000.00 ₱ 2,414,470.82 ₱ 2,137,862.34
Net Income ₱ 1,541,643.32 ₱ 2,549,876.52 ₱ 2,878,558.49
Drawing
Total Liabilities & Owner Equity ₱ 4,965,896.32 ₱ 6,351,097.84 ₱ 6,468,793.70