46

Notes to Financial Statement

Note 1. Revenue of Products and Services

Total Quantity Unit Price Monthly sales Sales revenue for 1
year

Per Per
min hours Mins. Hours. Mins. Hours.
Mins. Hours
.

Bath 55 1/2 780.0 900.0 20,280. 23,400. 243,360. 280,800.0

Area
min hours 0 0 00 00 00 0
s

Pressu 45 1 hour 1,200 1,350 31,200. 35,100. 374,400. 421,200.0

re
min .00 .00 00 00 00 0
points
massag s
e
Shiats 50 1/3 1,680 1,800 43,680. 46,800. 524,160. 561,600.0
u
min hours .00 .00 00 00 00 0
Massag
e s

Swedis 50 1/2 1,500 1,650 39,000. 42,900. 468,000. 514,800.0

h Full
min hours .00 .00 00 00 00 0
body
massag s
e
Thai 45 1/2 800.0 950.0 20,800. 24,700. 249,600. 296,400.0
massag
min hours 0 0 00 00 00 0
e
s

Thai 45 1/2 1,200 1,350 31,200. 35,100. 374,400. 421,200.0

full
min hours .00 .00 00 00 00 0
body
massag s
e
Steam 30 1 hour 1,299 1,499 33,774. 38,974. 405,288. 467,688.0
sauna
min .00 .00 00 00 00 0
s

Total 8,459 9,499 219,934 246,974 2,639,20 2,963,688

.00 .00 .00 .00 8.00 .00
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51

Note 6. Supplies of Raw Materials

Qty. Description Total Total Cost per Annual cost

Cost month
per day

100 pcs. Bath Soap 279 8,370 100,440

50 pcs. Body wash 399 11,970 143,640

50 pcs. Shampoo & 360 10,800 129,600

Conditioner

2 gallons Bath Oil 500 15,00 180,000

50 pcs. Body Scrub 1,000 30,000 360,000

20 pcs. Bath Robe 3,300 99,000 1,188,000

20 pcs. Face Towel 690 20,700 248,400

20 pcs. Towel 2,370 71,100 853,200

100 pcs. Shower Cap 99 2,970 35,640

100 pcs. Toothbrush 1,399 41,970 503,640

&
Toothpaste

50 pairs Slippers 520 15,600 187,200

30 pcs. Mega Towel 7,470 224,100 2,689,200

1 gallon Massage Oil 484 14,520 174,240

2 pcs. Massage 260 7,800 93,600

Bolster

10 pcs. Bolster 560 16,800 201,600

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Cover

Total 19, 690 575,700 7,088,400

52

Note 6. Projected Cost of Goods Sold (Raw Materials)

Year 1 Year 2 Year 3 Year 4 Year 5

Raw 604,485.00 634,709.25 666,444.71 699,766.94
Materials
Beg.
Inventory
Add: 7,088,400.00 7,442,820.00 7,814,961.00 8,205,709.05 8,615,994.5
Purchases
Less: 604,485.00 634,709.25 666,444.71 699,766.94 734,755.287
Ending
Inventory
Cost of 6,483,915.00 6,808,110.75 7,148,516.29 7,505,942.11 7,881,239.21
Sales

Note 8. Office Supplies Expense

Items Quantity Price Total

Record Book 1 P 66 P 66

Official Receipt 3 P 36 P 108

Ball pen 5 P 13 P 65

Bond paper 2 P 155 P 310

Books 50 P 400 P 20,000

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Magazines 30 P 45 P 1,350

Newspaper 15 P 10 P 150

Total P 725 P 22,049

Note 9. Promotional Expenses

Year 1
Description Qty. Unit Cost Total Cost
Tarpaulin 6 250.00 1,500.00
Membership Cards 30 100.00 3,000.00
Total 350.00 4,500.00

Year 2
Description Qty. Unit Cost Total Cost
Tarpaulin 8 250.00 2,000.00
Membership Cards 30 100.00 3,000.00
Total 350.00 5,000.00

Year 3
Description Qty. Unit Cost Total Cost
Tarpaulin 8 250.00 2,000.00
Membership Cards 35 100.00 3,500.00
Total 350.00 5,500.00

Year 4
Description Qty. Unit Cost Total Cost
Tarpaulin 8 250.00 2,000.00
Membership Cards 40 100.00 4,000.00
54
Total 350.00 6,000.00

Year 5
Description Qty. Unit Cost Total Cost
Tarpaulin 10 250.00 2,000.00
Membership Cards 40 100.00 4,000.00
Total 350.00 6,500.00
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57

Note 11. Furniture and Fixtures

Name of Furniture QTY. Unit cost Total Cost

and Fixtures

Sinks 6 3,288.00 19,278.00

Showers 4 2,060.00 8,240.00

Pail 8 229.00 1,832.00

Locker 4 4,085.00 16,340.00

faucet 10 195.00 1,950.00

Bench 2 2,200.00 4,400.00

Sofa set 1 7,395.00 7,395.00

toilets 5 3,288.00 16,440.00

Massage tables 2 2,988.00 5,976.00

Magnifying Lamps 2 1,330.00 2,660.00

Floor Wall lamps 10 1,470.00 14,700.00

Trolley cart 2 719.00 719.00

storage

Total 56 29,247.00 99,930.00

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Note 12. Machineries and Equipments

Name of Qty. Unit Cost Total Cost

Machine/Equipment

Industrial 1 73,893.00 73, 893.00

Generator

Steam Generator 2 15,063.00 30,126.00

Water Filter 2 2,100.00 4,200.00

POS machine 1 2,900.00 2,900.00

Laptops 1 16,999.00 16,999.00

Printers 1 16,929.00 16,929.00

Air Conditioner 2 13,000.00 26,000.00

Lights 15 800.00 12,000.00

CCTV cameras 8 7,000.00 56,000.00

Total 43 148,684.00 165,154.00

Note 14. Depreciation of Furniture and Fixtures

Description Total Cost Useful Annual

Life Depreciation
Sinks 19,278.00 5 3,855.6
Showers 8,240.00 5 1,648.00
Pail 1,832.00 5 366.4
Locker 16,340,00 5 3,268.00
Faucet 1,950.00 5 390.00
Bench 4,400.00 5 880.00
Sofa set 7,395.00 5 1,479.00
Toilets 16,440.00 5 3,288.00
Massage tables 5,976.00 5 1,195.2
Magnifying 2,660.00 5 532.00
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lamps
Floor wall 14,700.00 5 2,940.00
lamps
Trolley Cart 719.00 5 143.8
Storage

Total 83,590.00 19,986.00

Note 15. Depreciation of Machinery and Equipment

Description Total cost Useful life Annual

Depreciation
Industrial 73,893.00 5 14,778.00
Generator
Steam 30,126.00 5 6,025.2
Generator
Water filter 4,200.00 2 2,100.00
POS machine 2,900.00 5 5,80.00
Laptops 16,999.00 5 3,399.00
Printers 16,929.00 5 3,385.00
Air 26,000.00 5 5,200.00
Conditioner
Lights 12,000.00 1 12,000.00
CCTV cameras 56,000.00 5 11,200.00
Total 239,047.00 58,087.20

Year 3 (Additional Purchases)

Description Total Cost Useful Annual
life Depreciation
Pre fabricated steam 6,600.00 2 3,300.00
rooms
Jacuzzi spa tub 495.00 2 247.50
Steam room enclosure 7,810.00 2 3,905.00
Far infrared sauna 3,300.00 2 1,650.00
room
TOTAL 18,205.00 9,102.50

Year 4 (Additional Purchases)

Description Total Cost Useful Annual
life Depreciation
Sauna Heaters 3,519.42 3 1,173.14
Steam and shower seat 8,122.50 3 2,707.5
Steam bath generator 13,536.25 3 4,512.08
Massage bathtub 13,812.08 3 4,604.02
TOTAL 38,990.25 12,996.7
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