Automotive Shop and Designing

STATEMENT OF FINANCIAL POSITION

AS OF END OF APRIL

Year 1 Year 2 Year 3 Year 4 Year 5

Current assets

Cash 450,000.00 450,000.00 450,000.00 450,000.00 500,000.00

Bank 350,000.00 350,000.00 350,000.00 350,000.00 400,000.00

Inventory 150,000.00 150,000.00 150,000.00 150,000.00 200,000.00

Supplies 200,000.00 200,000.00 20,000.00 200,000.00 300,000.00

Total ₱1,150,000.00 ₱1,150,000.00 ₱1,150,000.00 ₱1,150,000.00 ₱1,400,000.00

Non-Current Assets

Investment in Associates 550,000.00 550,000.00 550,000.00 550,000.00 550,000.00

Financial Assets

Stocks 100,000.00 100,000.00 100,000.00 100,000.00 150,000.00

Funds 300,000.00 300,000.00 300,000.00 300,000.00 350,000.00

Total ₱950,000.00 ₱950,000.00 ₱950,000.00 ₱950,000.00 ₱1,050,000.00

Total Assets ₱1,900,000.00 ₱1,900,000.00 ₱1,900,000.00 ₱1,900,000.00 ₱2,450,000.00

 Automotive Shop and Designing

STATEMENT OF FINANCIAL POSITION

Year 1 Year 2 Year 3 Year 4 Year 5

Sale 2,550,100.00 2,700,650.00 2,755,500.00 2,800,000.00 2,900,000.00

Service Income 1,500,500.00 1,175,000.00 1,185,000.00 1,900,500.00 1,910,000.00

Cost of Good Sold 1,300,550.00 1,400,000.00 1,450,000.00 15,000,000.00 1,550,000.00

Gross Income ₱2,400,050.00 ₱2,475,560.00 ₱2,941,000.000 ₱3,250,500.00 ₱3,260,000.00

Less Operating Expenses

Rents 60,000.00 60,000.00 60,000.00 60,000.00 60,000.00

Taxes and License 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00

Advertising 5,000.00 3,500.00 3,500.00 3,500.00 3,500.00

Supplies Expenses 53,550.00 53,500.00 53,550.00 53,550.00 53,550.00

Salaries 450,700.00 450,700.00 450,700.00 450,700.00 450,700.00

Commission 100,000.00 120,000.00 135,000.00 135,000.00 140,000.00

Employee benefits ₱55,000.00 ₱60,000.00 ₱60,000.00 ₱60,000.00 ₱60,000.00

Total ₱729,800.00 ₱753,250.00 ₱768,250.00 ₱768,250.00 ₱773,400.00

Net Profit ₱1,459,600.00 ₱1,722,750.00 ₱1,772,250.00 ₱2,482,250.00 ₱2,846,600.00

 Automotive Shop and Designing

STATEMENT OF CHANGES IN OWNERS EQUITY

Year 1 Year 2 Year 3 Year 4 Year 5

Capital Beg - ₱2,500,700.00 ₱2,500,341.00 ₱3,500,706.00 ₱4,100,060.00

Add: Initial Investment 2,150,300 - - - -

Profit 400,670 550,600 580,450 622,000 705,600

Total ₱2,550,970.00 ₱3,051,350.00 ₱3,080,706.00 ₱4,122,706.00 ₱4,805,660.00

Less: Withdrawals 15,000 15,000 15,000 15,000 15,000

Capital End ₱2,565,970.00 ₱3,066,350.00 ₱3,095,791.00 ₱4,820,660.00 ₱4,820,660.00

 Automotive Shop and Designing

STATEMENT OF CHANGES IN OWNERS EQUITY

Cash Inflow From Operating Activities

Inflow: Year 1 Year 2 Year 3 Year 4 Year 5

Sales ₱3,700,600.00 ₱3,875,560.00 ₱3,941,000.00 ₱4,750,500.00 ₱4,810,000.00

Outflow:

Purchases 1,500,000.00 1,550,000.00 1,650,000.00 1,750,000.00 1,810,000.00

Organizational Expenses 5,500 - - - -

Rent 60,000.00 60,000.00 60,000.00 60,000.00 60,000.00

Taxes and License 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00

Advertising 5,000.00 3,500.00 3,500.00 3,500.00 3,500.00

Supplies Expenses 53,550.00 53,550.00 53,550.00 53,550.00 53,550.00

Salaries 450,650.00 450,700.00 450,700.00 450,700.00 450,850.00

Commision 100,000.00 120,000.00 135,000.00 135,000.00 140,000.00

Employee Benefits 55,000.00 60,000.00 60,000.00 60,000.00 60,000.00

Total ₱2,235,200.00 ₱2,303,250.00 ₱2,418,250.00 ₱2,518,250.00 ₱2,583,400.00

Net cash inflow/(outflow)

From Operating Activities ₱1,470,400.00 ₱1,572,310.00 ₱1,522,750.00 ₱2,232,250.00 ₱2,226,600.00

Cash Flow from Investment

Activities

Outflows:

Purchase PPE ₱1,000,000.00 - - - -

Net cash inflow/(outflow)

From Investing activity ₱1,000,000.00 - - - -

Cash flow from Financing

Activities

Inflow:

Initial Investment ₱2,000,000.00 - - - -

Outflow:

Owners Withdrawal 15,000.00 15,000.00 15,000.00 15,000.00 15,000.00

Net Cash inflows(Outflows)

From Financing Activities ₱2,000,000.00 ₱15,000.00 ₱15,000.00 ₱15,000.00 ₱15,000.00

Net Increase or

Decrease In cash ₱1,685,600.00 ₱1,557,310.00 ₱1,507,730.00 ₱2,217,250.00 ₱2,211,600

Add: Cash, Beginning - 1,685,600.00 3,242,910.00 4,750,640.00 6,967,890.00

Cash End ₱1,685,000.00 ₱3,242,910.00 ₱4,750,640.00 ₱6,967,890.00 ₱9,179,490.00