New Generation Enterprise

Statement of Cash flow

Year ended December 31, 2019

Cash Flows from Operating Activities

Payment for rent 15000
Payment for income taxes -10000
Cash payments to employees (salaries) 5000
Net cash flow from operating activities 10000

Cash Flows from Investing Activities

Payment for equipment 50000
Payment for intangible assets -90,000
Net cash flow from investing activities -40000

Cash Flows from financing Activities

Payment to owner (withdrawals) -20000
cash investment of owner 150000
payment for interest -1500
Net cash flow from financing activities 128500

Net increase (decrease) in cash

Cash at the beginning of the year
Cash at the end of the year
 3

98,500
2,500,000
2,598,500
NEW GENERATION OF BAYONG
STATEMENT OF COMPREHENSIVE INCOME
YEARS ENDING DECEMBER 31, 2019, 2020, 2012

2019 2020
Sales
Selling Price 699.00 838.80
Quantity 5,000 6,000
Total 3,495,000.00 5,032,800.00

Less: Cost of Goods Sold

Cost 250.00 300.00
Quantity 5,000 6,000
Total 1,250,000.00 1,800,000.00

Gross Profit from Sales 2,245,000.00 3,232,800.00

Less: Operating Expenses

Selling Expenses
Advertising expense 240,000
Store Supplies Expense 15,000
Total Selling Expense 255,000

General Administrative Expense

Salaries Expense 1,200,000
Rent Expense 180,000
Utilities Expense 20,000
supplies expense 20,000
Taxes and licences expenses 1,500
training and development expenses 19,200
Total General and Administrative Expenses 1,440,700
Total Operating Expenses 1,695,700

Net Income 549,300.00

 2021

1,006.56
7,800
7,851,168.00

360.00
7,800
2,808,000.00

5,043,168.00
Position salaries S advertising
Marketing Manager 20000 12 240,000 20000
Production Manager 20000 12 240,000 1600 12
Financial Manager 20000 12 240,000
Office Manager 20000 12 240,000
Manager 20000 12 240,000
1,200,000

rent expense
electric bill
water bill
wifi bill
15000 12 180,000
19200
NEW GENERATION OF BAYONG
STATEMENT OF CHANGES IN EQUITY
YEARS ENDING DECEMBER 31, 2019, 2020, 2021

2019 2020 2021

C. PASIGAY, CAPITAL BEGINNING 0

Add: net income for the year 549,300

additional investment 150,000
699,300
Total 699,300

less: withdrawals -20,000

C. PASIGAY, CAPITAL ENDING 679,300

NEW GENERATION OF BAYONG
STATEMENT OF FINANCIAL POSITION
DECEMBER 31, 2019, 2020, 2021

2019 2020 2021

ASSETS:
CURRENT ASSETS:
Cash 2,598,500
Merchandise Inventory
Prepaid Insurance
Supplies
total current assets
NON-CURRENT ASSETS
Equipment
total non-current assets
TOTAL ASSETS *********

LIABILITIES AND OWNER'S EQUITY

CURRENT LIABILITIES
Accounts Payable
Accrued Expenses
Total Current Liabilities
NON-CURRENT LIABILITIES
Bank loans Payable
TOTAL LIABILITIES

Owner's Equity
C. PASIGAY CAPITAL ENDING 679300

TOTAL LIABILITEIS AND OWER'S EQUITY

New Generation Enterprise
Statement of Cash flow
Year ended December 31, 2019

Cash Flows from Operating Activities

Payment for rent 15000
Payment for income taxes -10000
Cash payments to employees (salaries) 5000
Net cash flow from operating activities 10000

Cash Flows from Investing Activities

Payment for equipment 50000
Net cash flow from investing activities 50000

Cash Flows from financing Activities

Payment to owner (withdrawals) -20000
cash investment of owner 150000
Proceeds an bank loans 1000000
payment for interest -1500
Net cash flow from financing activities 1128500

Net increase (decrease) in cash 1,188,500

Cash at the beginning of the year 2,500,000
Cash at the end of the year 3,688,500