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    AMER MAYATO
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    The projected statement of financial position shows the expected assets, liabilities, and equity of Aesthencity Furniture over five years. Key assets include cash, inventory, vehicles, equipment, and accumulated depreciation. Liabilities are income tax payable. Equity or capital is expected to steadily increase each year from ₱1,312,334.64 in Year 1 to ₱3,249,037.84 in Year 5 as the business grows. Total assets and equity are also projected to increase substantially over the five year period.

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    FINANCIAL STATEMENTS

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    The projected statement of financial position shows the expected assets, liabilities, and equity of Aesthencity Furniture over five years. Key assets include cash, inventory, vehicles, equipment, and accumulated depreciation. Liabilities are income tax payable. Equity or capital is expected to steadily increase each year from ₱1,312,334.64 in Year 1 to ₱3,249,037.84 in Year 5 as the business grows. Total assets and equity are also projected to increase substantially over the five year period.

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    © All Rights Reserved
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    6 views1 page

    Financial Statements

    Uploaded by

    AMER MAYATO
    The projected statement of financial position shows the expected assets, liabilities, and equity of Aesthencity Furniture over five years. Key assets include cash, inventory, vehicles, equipment, and accumulated depreciation. Liabilities are income tax payable. Equity or capital is expected to steadily increase each year from ₱1,312,334.64 in Year 1 to ₱3,249,037.84 in Year 5 as the business grows. Total assets and equity are also projected to increase substantially over the five year period.

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    © All Rights Reserved
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    FINANCIAL STATEMENTS

    Statement of Financial Performance

    Aesthencity Furniture
    Projected Statement of Financial Position
    For Five Years
    Year 1 Year 2 Year 3 Year 4 Year 5
    ASSETS
    Current Assets
    Cash ₱ 1,053,600.00 ₱ 1,409,904.77 ₱ 2,143,558.11 ₱ 2,516,002.77 ₱ 3,149,703.99
    Ending Inventory ₱ 5,672.00 ₱ 23,822.40 ₱ 29,900.00 ₱ 17,940.00 ₱ 30,000.00
    Non-Current Assets
    Company Vehicle ₱ 200,000.00 ₱ 200,000.00 ₱ 200,000.00 ₱ 200,000.00 ₱ 200,000.00
    Office Equipment and Furniture ₱ 91,810.00 ₱ 91,810.00 ₱ 91,810.00 ₱ 91,810.00 ₱ 91,810.00
    Accumulated Depreciation ₱ 27,747.13 ₱ 55,494.25 ₱ 83,241.38 ₱ 110,988.50 ₱ 138,735.63

    LIABILITIES AND EQUITY


    Income Tax Payable ₱ 11,000.23 ₱ 54,041.66 ₱ 94,381.00 ₱ 88,188.53 ₱ 83,740.53
    Capital ₱ 1,312,334.64 ₱ 1,616,001.26 ₱ 2,286,321.64 ₱ 2,626,575.74 ₱ 3,249,037.84
    TOTAL ₱ 1,351,082.00 ₱ 1,351,082.00 ₱ 1,725,537.17 ₱ 1,725,537.17 ₱ 2,465,268.11 ₱ 2,463,944.02 ₱ 2,825,752.77 ₱ 2,825,752.77 ₱ 3,471,513.99 ₱ 3,471,513.99

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