SE DETENDRE LA PLAGE INC.

OUANO AVE., SUBANGDAKU, MANDAUE CITY, CEBU

STATEMENT OF FINANCIAL POSITION

As of December 31, 2022 and 2021
(In Philippine Pesos)

2022 2021
ASSETS
CURRENT ASSETS
Cash and Cash Equivalent 96,897.85 27,203.71
Total Current Assets 96,897.85 27,203.71
TOTAL ASSETS 96,897.85 27,203.71

LIABILITIES & OWNER'S EQUITY

LIABILITIES
Income Tax Payable - -
Accounts Payable 3,100,000.00
Total Liabilities 3,100,000.00 -

STOCKHOLDER'S EQUITY
Capital Stock 62,500.00 62,500.00
Retained Earnings (3,065,602.15) (35,296.29)
TOTAL STOCKHOLDER'S EQUITY (3,003,102.15) 27,203.71
TOTAL LIABILITIES & STOCKHOLDER'S EQUITY 96,897.85
3,100,000.00 27,203.71
The accompanying notes are an integral part of these financial statements.
SE DETENDRE LA PLAGE INC.
OUANO AVE., SUBANGDAKU, MANDAUE CITY, CEBU

STATEMENT OF FINANCIAL PERFORMANCE

For the periods ended December 31, 2022 and 2021
(In Philippine Pesos)

2022 2021
REVENUE 1,278,410.55 3,653,492.01
LESS: COST OF SERVICE 4,169,750.00 3,603,095.30
GROSS PROFIT (2,891,339.45) 50,396.71

LESS: OPERATING EXPENSE

Fuel and Oil 39,857.41 35,120.00
Communication, Light & Water 39,658.00 33,691.00
Taxes and Licences 25,950.00 3,628.00
Office Supplies 1,087.00 1,579.00
Repairs and Maintenance 15,539.00 6,361.00
Miscellaneous 16,875.00 5,314.00
Total Operating Expenses 138,966.41 85,693.00
NET INCOME BEFORE INCOME TAX (3,030,305.86) (35,296.29)
Provision for Income Tax - -
NET INCOME AFTER TAX (3,030,305.86) (35,296.29)

The accompanying notes are an integral part of these financial statements.

SE DETENDRE LA PLAGE INC.
OUANO AVE., SUBANGDAKU, MANDAUE CITY, CEBU

STATEMENT OF CASH FLOWS

As of December 31, 2022 and 2021
(In Philippine Pesos)
2022 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (3,030,305.86) (35,296.29)
Add Reconciling Non-Cash Item:
Depreciation -
Capital Changes:
Changes in Operating Assets and Liabilities
Decrease (Increase) in Income Tax Payable -
(Decrease) Increase in Accounts Payable 3,100,000.00 -
Net Provided by Operating Activities 69,694.14 (35,296.29)

CASH FLOWS FROM INVESTING ACTIVITIES

Acquisition of Property & Equipment -
Cash Used in Investing Activities -

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from Issuance of Capital Stock -
Cash Provided by Financing Activities -

NET INCREASE (DECREASE) IN CASH 69,694.14 (35,296.29)

CASH AT BEGINNING OF YEAR 27,203.71 62,500.00
CASH AT THE END OF YEAR 96,897.85 27,203.71

The accompanying notes are an integral part of these financial statements.

SE DETENDRE LA PLAGE INC.
OUANO AVE., SUBANGDAKU, MANDAUE CITY, CEBU

STATEMENTS OF CHANGES IN EQUITY

As of December 31, 2022 and 2021
(In Philippine Pesos)

2022 2021
CAPITAL STOCK
Authorized - P1,000,000(10,000 common shares @ P100 par)
- P250,000(2,500 common shares @ P100 par) subscribed
- 25.0% of subscribed capital, paid-up 62,500.00 62,500.00

Retained Earnings, beginning (35,296.29) -

Add: Net Income (3,030,305.86) (35,296.29)

Less: Dividends
Retained Earnings, end (3,065,602.15) (35,296.29)
TOTAL STOCKHOLDERS' EQUITY (3,003,102.15) 27,203.71
The accompanying notes are an integral part of these financial statements.
2550Q 1st Qaurter 2nd Quarter 3rd Quarter
Sales 1,022,285.75 182,313.67 -
Purchases 1,040,044.08 197,223.22 -

1701Q 1st Qaurter 2nd Quarter 3rd Quarter

Sales 1,022,285.75 182,313.67 -
COGS 1,021,247.00 167,639.74 -
Gross 1,038.75 14,673.93 -
Deductions 18,797.00 29,583.48 -
Net (17,758.25) (14,909.55) -