COMPANY NAME: ASP AIRSPEED PHILIPPINES (Domestic)

FIVE YEAR PROJECTION OF PROFIT & LOSS

FISCALYEAR ENDS DECEMBER 2022
YTD -
BUDGET YTD -ACTUAL 31-Jan 28-Feb 31-Mar 30-Apr
###

Revenue
Domestic Airfreight - -
Domestic Seafreight - -
RORO -
warehousing - -
GROWSARI -
CROSS DOCKING -
Others / By land / Domestic - 12,419,191 2,768,068 3,216,502 4,119,416 2,315,205
###
Total - 12,419,191 2,768,068 3,216,502 4,119,416 2,315,205
###

Direct Cost
Air Export Cost Direct/ Domestic Airfright Cost - -
Air Export Cost Consol - REVERSE -
Other Cost/ Delivery van rental / Transport Cost - -
RORO -
Sea Import Cost/ Domestic Seafreight cost - -
Air Import Cost/ warehousing expenses -
Other Direct Cost / Vehicle Repairs & Maintena - 267,746 49,661 43,863 93,435 80,787
###
Others/ by land - 5,842,759 1,453,313 1,048,978 1,829,922 1,510,547
###
Total - 6,110,505 1,502,974 1,092,841 1,923,357 1,591,334
###

Gross Profit - 6,308,685.45 1,265,094 2,123,661 2,196,059 723,871

###
51% 46% 66% 53% 31%
###
Overheads
Salaries, Wages & Allowances - 4,573,780 1,170,336 1,191,748 1,121,164 1,090,533
###
Salaries & wages - 3,238,662 821,839 830,474 794,559 791,789
###
Overtime 795,492 228,498 219,042 197,133 150,819
###
13th month 89,741 22,435 22,435 22,435 22,435
###
Bonus 0
Retirement benefits - 89,741 22,435 22,435 22,435 22,435
###
Employee benefits - 69,474 9,065 22,043 8,341 30,025
###
SSS. Med. & EC contribution - 269,800 60,338 70,466 70,563 68,432
###
HDMF Contribution - 19,047 4,901 4,852 4,697 4,597
###
Philhealth Premium 0
Staff Development - 1,825 825 1,000 ###
0
Entertainment - 10,481 6,455 4,026 ###
Overseas Travelling Expenses 0
Local Transportation Fee 229,191 50,316 36,921 96,918 45,036
###

Motor Vehicles Expenses - 11,788 - - 2,148 9,640

###
Vehicle expenses - 11,788 2,148 9,640
###
Gasoline & oil - 0

Rent, Rates & Management Fee - 216,051 21,044 77,520 18,304 99,184
###
Rent Expense - 48,083 14,054 14,054 14,054 5,923
###
Security & Janitorial - 167,967 6,990 63,466 4,250 93,261
###
Parking
Water/Light & Power 52,720 13,115 13,515 13,170 12,920
###

Communication - 125,822 31,064 30,058 24,102 40,598

###
Telephone expense - 24,924 2,732 2,984 1,845 17,364
###
Fax & telexes 0
Postage & courier 0
Subscription-internet - 36,460 8,240 7,055 7,055 14,110
###
Pager and Cell phone - 64,439 20,093 20,020 15,203 9,125
###

Repair & Maintenance - 12,354 5,231 3,696 948 2,478

###
Office premises repairs & mainte - 6,427 2,148 2,748 1,530
###
Office equipment repairs & mainte - 5,927 3,083 948 948 948
###

Printing & Stationery - 14,380 1,619 6,739 6,021

###

Legal & Professional Fee - 37,800 8,700 9,700 9,700 9,700

###
Legal fees - 23,400 5,100 6,100 6,100 6,100
###
Audit fees - 14,400 3,600 3,600 3,600 3,600
###
0
Bank Charges & Interest - 31,881 6,016 9,967 9,835 6,063
###
Bank charges - 4,742 23 4,325 395
###
Interest expense - 27,139 5,993 9,967 5,510 5,668
###
0
Tax & License - 141,060 1,870 105,899 33,291
###
Insurance - 110,273 36,102 6,731 58,128 9,313
###

Sundry Expenses - 173,429 52,986 41,006 38,755 40,682

###
Computer lease 0
Local corp. assessment fee(to sundry) 0
Dues & subscription 0
Christmas Expense - 15,587 3,897 3,897 3,897 3,897
###
Xerox expenses - 17,766 11,264 5,009 1,058 435
###
Miscellaneous expenses 0
ads and Promo 140,075 37,825 32,100 33,800 36,350
###
Corp. Assessment Fee - 0
Depreciation & Amortization - 471,933 124,260 115,828 115,749 116,095
###
Bad Debt - 189,051 93,414 29,124 50,865 15,648
###

Total Operating cost 6,401,995 1,616,074 1,579,008 1,669,712 1,537,201

###

Operating Income (EBIT) - (93,309) (350,980) 544,653 526,348 (813,330)

###

Other Income/(expense)
Misc. Income/(expense) - - -
Interest Income - 867 89 - 778
###
Gain or (Loss) on Asset Disposal) -
Gain or (Loss) on Foreign Exchange - ###
Total - 867 89 - - 778
###

Net Income Before Tax - (92,442) (350,891) 544,653 526,348 (812,552)

###

Depreciation & Amortization - 471,933 124,260 115,828 115,749 116,095

###
Interest Expense - 27,139 5,993 9,967 5,510 5,668
###
Bad Debt
EBITDA - 406,630 (220,637) 670,448 647,607 (690,788)
###
###
COMPANY NAME: ASP AIRSPEED PHILIPPINES (Domestic)
STATEMENT OF PROFIT & LOSS
FISCALYEAR ENDS DECEMBER 2023
YTD -
BUDGET YTD -ACTUAL 30-Jan 28-Feb 31-Mar 30-Apr
###

Revenue
Domestic Airfreight - 0
Domestic Seafreight - 0
RORO 0
warehousing - 0
GROWSARI 0
CROSS DOCKING - 0
Others / By land / Domestic - 27,441,338 8,006,357 5,271,032 7,957,804 6,206,145
Total - 27,441,338 8,006,357 5,271,032 7,957,804 6,206,145
###

Direct Cost
Air Export Cost Direct/ Domestic Airfright Cost - 0
Air Export Cost Consol - REVERSE 0
Other Cost/ Delivery van rental / Transport Cost 0
RORO - 0
CROSS DOCK EXP
Sea Import Cost/ Domestic Seafreight cost - 0
Air Import Cost/ warehousing expenses 0
Other Direct Cost / Vehicle Repairs & Mainten - 286,576 69,273 75,247 68,094 73,962
Others/ by land - 17,167,999 5,828,388 4,037,106 3,964,071 3,338,433
Total - 17,454,575 5,897,661 4,112,353 4,032,166 3,412,395
###

Gross Profit - 9,986,764 2,108,695 1,158,679 3,925,638.75 2,793,750

###
36% 26% 22% 49% 45%
###
Overheads
Salaries, Wages & Allowances - 2,288,778 561,857 528,103 570,813 628,006
###
Salaries & wages - 1,439,520 354,976 320,052 367,654 396,838
Overtime 181,352 62,393 48,927 39,905 30,127
13th month 139,717 31,144 36,191 36,191 36,191
Bonus 0
Retirement benefits - 84,755 21,189 21,189 21,189 21,189
Employee benefits - 263,030 60,125 44,821 60,138 97,946
SSS. Med. & EC contribution - 171,540 29,247 54,814 43,628 43,851
HDMF Contribution - 6,972 1,241 2,108 1,760 1,863
Philhealth Premium 0
Staff Development - 1,892 1,543 349

Entertainment - 28,877 7,499 6,703 4,958 9,717

Overseas Travelling Expenses
Local Transportation Fee 256,898 50,546 53,406 77,233 75,713

Motor Vehicles Expenses - 0 - - - ###

-
Vehicle expenses - 0
Gasoline & oil - 0

Rent, Rates & Management Fee - 408,909 90,434 76,676 106,525 135,275
###
Rent Expense - 27,473 5,923 3,483 6,384 11,684
Security & Janitorial - 381,436 84,511 73,193 100,141 123,591
Parking
Water/Light & Power 125,056 13,514 11,327 28,220 71,996

Communication - 114,548 22,495 22,810 33,775 35,469

###
Telephone expense - 0
Fax & telexes 0
Postage & courier 0
Subscription-internet - 34,229 2,621 3,469 12,088 16,051
Pager and Cell phone - 80,319 19,874 19,341 21,687 19,418

Repair & Maintenance - 60,976 15,304 11,380 14,687 19,605

###
Office premises repairs & mainte - 19,005 4,077 7,820 6,128 979
Office equipment repairs & mainte - 41,971 11,226 3,560 8,559 18,625

Printing & Stationery - 25,338 7,193 4,801 6,749 6,596

Legal & Professional Fee - 42,956 13,138 9,662 10,125 10,031

###
Legal fees - 29,356 9,738 6,262 6,725 6,631
Audit fees - 13,600 3,400 3,400 3,400 3,400

Bank Charges & Interest - 1,159 97 45 408 609

###
Bank charges - 1,159 97 45 408 609
Interest expense - 0

Tax & License - 158,432 13,665 53,184 53,576 38,007

Insurance - 33,925 9,239 8,754 6,948 8,983

Sundry Expenses - 92,281 15,427 33,256 26,661 16,937

###
Computer lease 0
Local corp. assessment fee(to sundry) 0
Dues & subscription 0
Christmas Expense - 30,309 7,577 7,577 7,577 7,577
Xerox expenses - 22,915 5,440 8,225 4,033 5,217
Miscellaneous expenses 0
OTHER EXPENSES 0
ads and Promo 39,057 2,410 17,454 15,051 4,143
Corp. Assessment Fee - 0
Depreciation & Amortization - 718,660 184,338 202,870 184,853 146,600
Bad Debt - 227,481 37,861 95,210 29,622 64,787

Total Operating cost 4,584,276 1,042,604 1,118,187 1,155,155 1,268,329

###

Operating Income (EBIT) - 5,402,488 1,066,091 40,492 2,770,484 1,525,421

###

Other Income/(expense)
Misc. Income/(expense)/INTEREST EXP - (3,843) (1,181.16) (1,098.03) (884.51) (679.49)
Interest Income - 2,216 137 226 1,445 408
Gain or (Loss) on Asset Disposal) 0
Gain or (Loss) on Foreign Exchange (1,745.23) (1,535) 1,389 (1,599)
Total - (3,372) (2,579) 517 (1,038) (272)
###

Net Income Before Tax - 5,399,115 1,063,512 41,009 2,769,446 1,525,149

###

Depreciation & Amortization - 718,660 184,338 202,870 184,853 146,600

###
Interest Expense - 3,843 1,181 1,098 885 679
###
Bad Debt
EBITDA - 6,121,619 1,249,031 244,977 2,955,183 1,672,429
###
6,121,619 ###
 #DIV/0!
COMPANY NAME: ASP AIRSPEED PHILIPPINES (Domestic) #DIV/0!
STATEMENT OF PROFIT & LOSS
FISCALYEAR ENDS DECEMBER 2023

ACT YTD JAN 2023 FEB 2023 MAR 2023 APR 2023 MAY 2023 JUNE 2023 JULY 2023 ÁUGUST 2023 1-Sep-23 1-Oct-23 1-Nov-23 1-Dec-23

Revenue
Domestic Airfreight - - - - - - - - - - - - -
Domestic Seafreight - - - - - - - - - - - - -
RORO - - - - - - - - - - - - -
warehousing 33,253,959 4,889,443 7,713,501 6,922,257 6,479,489 7,249,269 - - - - - - -
GROWSARI 40,437,660 9,853,361 7,962,089 6,837,949 7,607,952 8,176,309 - - - - - - -
VAS 96,099 96,099
CROSS DOCKING 7,134,944 403,023 1,034,860 2,285,481 1,244,234 2,167,346 - - - - - - -
Others / By land / Domestic - - - - - - - - - - - - -
Total 80,922,661.58 15,145,827 16,710,450 16,045,686 15,331,675 17,689,023 - - - - - - -

Direct Cost
Air Export Cost Direct/ Domestic Airfrig - - - - - - - - - - - - -
Air Export Cost Consol - REVERSE - - - - - - - - - - - - -
Other Cost/ Delivery van rental / Trans - - - - - - - - - - - - -
RORO - - - - - - - - - - - - -
CROSS DOCK EXP 24,155,747 508,899 2,243,852 3,439,472 1,773,688 2,531,787 - - - - - - -
VAS warehousing expense 85,211 85,211.17
Sea Import Cost/ Domestic Seafreight c - - - - - - - - - - - - -
Air Import Cost/ warehousing expenses 43,233,943 10,816,863 9,743,604 12,253,949 13,721,194 11,205,191 - - - - - - -
Other Direct Cost / Vehicle Repairs & 80,581 - 11,107 3,564 3,031 60,176 - - - - - - -
Others/ by land - - - - - - - - - - - - -
Total 67,555,481.93 11,325,762.20 11,998,563.64 15,696,985.94 15,497,912.42 13,882,365.73 - - - - - - -

Gross Profit 13,367,180 3,820,065 4,711,886 348,700 (166,237) 3,806,658 - - - - - - -

17% 25% 28% 2% -1% 0 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Overheads
Salaries, Wages & Allowances 13,122,606 1,955,928 2,627,781 2,614,832 3,119,523 2,804,542 - - - - - - -
Salaries & wages 8,316,762 1,383,190 1,791,963 1,763,725 1,850,061 1,527,823 - - - - - - -
Overtime 1,080,167 142,369 151,651 200,909 292,236 293,002 - - - - - - -
13th month 818,539 143,714 167,019 167,019 167,019 173,769 - - - - - - -
Bonus - - - - - - - - - - - - -
Retirement benefits 623,200 124,640 124,640 124,640 124,640 124,640 - - - - - - -
Employee benefits 1,098,680 52,478 125,568 151,816 368,766 400,052 - - - - - - -
SSS. Med. & EC contribution 990,479 104,736 258,414 196,673 208,901 221,756 - - - - - - -
HDMF Contribution 37,528 4,800 8,528 8,000 7,900 8,300 - - - - - - -
Philhealth Premium - - - - - - - - - - - - -
Staff Development 157,250 - - 2,051 100,000 55,199 - - - - - - -
- - - - - - - - - - - -
Entertainment 87,358 - 24,469 11,132 18,407 33,349 - - - - - - -
Overseas Travelling Expenses - - - - - - - - - - - -
Local Transportation Fee 817,237 115,200 166,317 166,078 159,223 210,420 - - - - - - -

Motor Vehicles Expenses - - - - - - - - - - - - -

Vehicle expenses - - - - - - - - - - - - -
Gasoline & oil - - - - - - - - - - - - -

Rent, Rates & Management Fee 6,555,284 1,324,312 1,142,884 1,231,797 1,504,134 1,352,157 - - - - - - -
Rent Expense 153,530 - 20,486 37,552 40,752 54,740 - - - - - - -
Security & Janitorial 6,401,754 1,324,312 1,122,398 1,194,244 1,463,382 1,297,417 - - - - - - -
Parking -
Water/Light & Power 3,290,680 607,484.44 641,447.74 559,699.41 910,610.55 571,438.35 - - - - - - -

Communication 1,171,682 199,521 207,578 203,145 323,423 238,016 - - - - - - -

Telephone expense 4,150 4,150 - - - - - - - - - - -
Fax & telexes - - - - - - - - - - - -
Postage & courier - - - - - - - - - - - - -
Subscription-internet 760,370 139,121 129,753 117,508 233,798 140,191 - - - - - - -
Pager and Cell phone 407,163 56,250 77,825 85,638 89,625 97,825 - - - - - - -
- - - - - - - - - - - - -
Repair & Maintenance 396,248 8,929 67,699 144,133 21,495 153,992 - - - - - - -
Office premises repairs & mainte 136,345 3,720 53,441 58,189 5,762 15,233 - - - - - - -
Office equipment repairs & mainte 259,903 5,208 14,258 85,944 15,733 138,759 - - - - - - -
- - - - - - - - - - - - -
Printing & Stationery 454,059 64,704 123,541 113,974 54,570 97,270 - - - - - - -

Legal & Professional Fee 267,740 35,000 56,835 59,561 59,007 57,336 - - - - - - -
Legal fees 167,740 15,000 36,835 39,561 39,007 37,336 - - - - - - -
Audit fees 100,000 20,000 20,000 20,000 20,000 20,000 - - - - - - -
- - - - - - - - - - - - -
Bank Charges & Interest - - - - - - - - - - - - -
Bank charges - - - - - - - - - - - - -
Interest expense - - - - - - - - - - - - -
- - - - - - - - - - - - -
Tax & License 157,494 16,860 16,860 19,167 37,252 67,355 - - - - - - -
 Insurance 157062.94 7,930 - - 7,930 - - - - - - - - -
(431)

Sundry Expenses 2,540,295 91,649 213,976 160,571 782,735 1,291,364 - - - - - - -

Computer lease - - - - - - - - - - - - -
Local corp. assessment fee(to sun - - - - - - - - - - - - -
Dues & subscription - - - - - - - - - - - - -
Christmas Expense 162,368 32,474 32,474 32,474 32,474 32,474 - - - - - - -
Xerox expenses 242,253 45,000 49,061 19,250 49,842 79,101 - - - - - - -
Miscellaneous expenses 13,254 - - - - 13,254 - - - - - - -
OTHER EXPENSES 1,814,778 - - - 676,050 1,138,727
ads and Promo 307,643 14,176 132,441 108,848 24,369 27,809 - - - - - - -
Corp. Assessment Fee - - - - - - - - - - - - -
Depreciation & Amortization 3,504,871 646,775 706,482 732,845 708,115 710,654 - - - - - - -
Bad Debt 1,457,109 162,261 408,043 126,952 277,660 482,192 - - - - - - -

Total Operating cost 33,830,591.84 5,228,622 6,403,913 6,151,817 7,976,154.21 8,070,085 - - - - - - -

Operating Income (EBIT) (20,463,412) (1,408,558) (1,692,027) (5,803,117) (8,142,392) (4,263,427) - - - - - - -

Other Income/(expense)
Misc. Income/(expense)/INTEREST EX - - - - - - - - - - - - -
Interest Income - - - - - - - - - - - - -
Gain or (Loss) on Asset Disposal) - - - - - - - - - - - - -
Gain or (Loss) on Foreign Exchange 17,917 - - - 10,868 7,049 - - - - - - -
Total 17,917 - - - 10,868 7,049 - - - - - - -

Net Income Before Tax (20,445,496) (1,408,558) (1,692,027) (5,803,117) (8,131,524) (4,256,378) - - - - - - -

Depreciation & Amortization 3,504,871 646,775 706,482 732,845 708,115 710,654 - - - - - - -

Interest Expense - - - - - - - - - - - - -
Bad Debt -
EBITDA (16,940,625) (761,783) (985,545) (5,070,272) (7,423,409) (3,545,724) - - - - - - -
###
###

###

###
###
###
COMPANY NAME: ASP AIRSPEED PHILIPPINES (DomesC5 WAREHOUSE
STATEMENT OF PROFIT & LOSS
FISCALYEAR ENDS DECEMBER 2023
YTD -
BUDGET 2023 -ACTUAL 31-Jan 28-Feb 31-Mar

Revenue
Domestic Airfreight -
Domestic Seafreight -
RORO -
warehousing -
GROWSARI 40,437,660 9,853,361 7,962,089 6,837,949
CROSS DOCKING -
Others / By land / Domestic -
Total - 40,437,660 9,853,361 7,962,089 6,837,949

Direct Cost
Air Export Cost Direct/ Domestic Airfright Cost -
Air Export Cost Consol - REVERSE -
Other Cost/ Delivery van rental / Transport Cost -
RORO -
CROSS DOCK EXP
Sea Import Cost/ Domestic Seafreight cost -
Air Import Cost/ warehousing expenses/ross docking 36,274,765 8,591,380 6,878,886 7,019,562
Other Direct Cost / Vehicle Repairs & Maintenance & Fuel 7,442 262 494
Others/ by land -
Total - 36,282,207 8,591,380 6,879,148 7,020,055

Gross Profit - 4,155,454 1,261,982 1,082,941 (182,107)

10% 13% 14% -3%
Overheads
Salaries, Wages & Allowances - 4,085,457 592,700 855,340 769,847
Salaries & wages 2,703,561 427,177 609,706 539,951
Overtime 297,987 37,864 47,297 42,402
13th month 259,350 40,413 54,734 54,734
Bonus -
Retirement benefits 207,733 41,547 41,547 41,547
Employee benefits 310,438 18,631 32,255 29,635
SSS. Med. & EC contribution 285,938 25,868 67,348 58,842
HDMF Contribution 10,908 1,200 2,453 2,394
Philhealth Premium -
Staff Development 9,542 342

Entertainment 5,355 228 834

Overseas Travelling Expenses
Local Transportation Fee 322,567 51,660 72,530 64,896

Motor Vehicles Expenses - - - - -

Vehicle expenses -
Gasoline & oil -

Rent, Rates & Management Fee - 3,664,356 885,271 643,062 651,187

Rent Expense 25,588 3,414 6,259
Security & Janitorial 3,638,768 885,271 639,648 644,929
Parking
Water/Light & Power 1,210,261 201,000 264,911 263,948

Communication - 592,297 124,137 117,482 116,020

Telephone expense 4,150 4,150
Fax & telexes -
Postage & courier -
Subscription-internet 447,801 99,633 87,085 87,085
Pager and Cell phone 140,346 20,354 30,398 28,935

Repair & Maintenance - 88,062 - 14,830 35,303

Office premises repairs & mainte 39,316 7,667 28,151
Office equipment repairs & mainte 48,745 7,163 7,153

Printing & Stationery 143,942 16,171 61,192 41,275

 Legal & Professional Fee - 73,790 11,667 15,306 15,760
Legal fees 40,457 5,000 8,639 9,094
Audit fees 33,333 6,667 6,667 6,667

Bank Charges & Interest - - - - -

Bank charges -
Interest expense -

Tax & License 38,139 7,272 7,272 7,657

Insurance -

Sundry Expenses - 516,319 45,137 42,790 27,131

Computer lease -
Local corp. assessment fee(to sundry) -
Dues & subscription -
Christmas Expense 47,628 12,412 8,804 8,804
Xerox expenses 119,563 28,000 17,708 3,571
Miscellaneous expenses 2,209
OTHER EXPENSES 302,464
ads and Promo 44,456 4,725 16,278 14,756
Corp. Assessment Fee -
Depreciation & Amortization 316,429 72,752 59,737 60,053
Bad Debt 728,555 81,131 204,022 63,476

Total Operating cost - 11,785,530 2,088,898 2,358,703 2,117,389

Operating Income (EBIT) - (7,630,077) (826,916) (1,275,762) (2,299,496)

Other Income/(expense)
Misc. Income/(expense)/INTEREST EXP -
Interest Income -
Gain or (Loss) on Asset Disposal) -
Gain or (Loss) on Foreign Exchange -
Total - - - - -

Net Income Before Tax - (7,630,077) (826,916) (1,275,762) (2,299,496)

Depreciation & Amortization - 316,429 72,752 59,737 60,053

Interest Expense - - - - -
Bad Debt
EBITDA - (7,313,647) (754,164) (1,216,024) (2,239,442)
 1,852,267.85
COMPANY NAME: ASP AIRSPEED PHILIPPINES (DomesC5 WAREHOUSE
STATEMENT OF PROFIT & LOSS 6,332,964.28
FISCALYEAR ENDS DECEMBER 2023
YTD -
BUDGET 2023 -ACTUAL 31-Jan 28-Feb 31-Mar 30-Apr 1-May 1-Jun 1-Jul 1-Aug 1-Sep 31-Oct 18-Nov 18-Dec

Revenue
Domestic Airfreight -
Domestic Seafreight -
RORO -
warehousing 29,200,412 4,788,880 7,480,904 6,729,109 6,095,795 4,105,724
GROWSARI -
CROSS DOCKING -
Others / By land / Domestic -
Total - 29,200,412 4,788,880 7,480,904 6,729,109 6,095,795 4,105,724 - - - - - - -

Direct Cost
Air Export Cost Direct/ Domestic Airfright Cost -
Air Export Cost Consol - REVERSE -
Other Cost/ Delivery van rental / Transport Cost -
RORO -
CROSS DOCK EXP
Sea Import Cost/ Domestic Seafreight cost -
Air Import Cost/ warehousing expenses/ross docking 16,882,688 1,852,268 2,333,665 4,744,240 4,131,645 3,820,871
Other Direct Cost / Vehicle Repairs & Maintenance & Fuel 15,581 15,581
Others/ by land -
Total - 16,898,269 1,852,268 2,333,665 4,744,240 4,131,645 3,836,451.93 - - - - - - -

Gross Profit - 12,302,143 2,936,612 5,147,239 1,984,869 1,964,150 269,272 - - - - - - -

42% 61% 69% 29% 32% 7% #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Overheads
Salaries, Wages & Allowances - 5,101,848 1,011,431 920,260 907,691 1,222,418 1,040,048 - - - - - - -
Salaries & wages 3,168,460 720,580 605,195 621,213 640,539 580,932
Overtime 549,664 96,485 61,882 86,378 178,874 126,045
13th month 282,950 65,465 54,371 54,371 54,371 54,371
Bonus -
Retirement benefits 207,733 41,547 41,547 41,547 41,547 41,547
Employee benefits 362,229 16,573 42,163 29,804 125,172 148,517
SSS. Med. & EC contribution 405,331 67,181 111,402 71,215 78,933 76,600
HDMF Contribution 15,940 3,600 3,700 2,822 2,982 2,837
Philhealth Premium -
Staff Development 109,542 342 100,000 9,200

Entertainment 37,306 5,675 2,014 5,178 24,439

Overseas Travelling Expenses
Local Transportation Fee 204,800 31,130 38,800 40,995 43,623 50,252

Motor Vehicles Expenses - - - - - - - - -

Vehicle expenses -
Gasoline & oil -

Rent, Rates & Management Fee - 1,466,949 311,418 271,310 331,893 274,814 277,515 - - - - - - -
Rent Expense 25,588 3,414 6,259 6,792 9,123
Security & Janitorial 1,441,361 311,418 267,896 325,634 268,022 268,391
Parking
Water/Light & Power 1,061,271 252,277 215,106 155,071 262,842 175,976

Communication - 228,234 27,892 40,382 21,507 91,620 46,834 - - - - - - -

Telephone expense -
Fax & telexes -
Postage & courier -
Subscription-internet 121,106 8,350 22,122 1,085 67,700 21,850
Pager and Cell phone 107,128 19,542 18,260 20,423 23,920 24,984

Repair & Maintenance - 60,919 8,929 16,526 7,952 2,714 24,797 - - - - - - -

Office premises repairs & mainte 28,334 3,720 15,107 6,008 960 2,539
Office equipment repairs & mainte 32,584 5,208 1,419 1,944 1,754 22,258

Printing & Stationery 116,557 23,332 6,731 20,955 12,360 53,179

Legal & Professional Fee - 73,790 11,667 15,306 15,760 15,668 15,389 - - - - - - -
Legal fees 40,457 5,000 8,639 9,094 9,001 8,723
Audit fees 33,333 6,667 6,667 6,667 6,667 6,667

Bank Charges & Interest - - - - - - - - - - - - - -

Bank charges -
Interest expense -

Tax & License 49,717 9,588 9,588 9,972 10,981 9,588

Insurance 7,930 7,930
 Sundry Expenses - 507,442 34,570 64,675 35,721 149,649 222,827 - - - - - - -
Computer lease -
Local corp. assessment fee(to sundry) -
Dues & subscription -
Christmas Expense 49,793 12,845 9,237 9,237 9,237 9,237
Xerox expenses 95,715 17,000 26,353 11,728 23,675 16,958
Miscellaneous expenses 2,209 2,209
OTHER EXPENSES 302,463 112,675 189,788
ads and Promo 57,262 4,725 29,085 14,756 4,062 4,635
Corp. Assessment Fee -
Depreciation & Amortization 2,955,827 529,859 602,580 628,627 598,403 596,359
Bad Debt 728,555 81,131 204,022 63,476 138,830 241,096

Total Operating cost - 12,601,144 2,333,222 2,410,961 2,249,565 2,829,099 2,778,297.99 - - - - - - -

Operating Income (EBIT) - (299,001) 603,391 2,736,278 (264,696) (864,949) (2,509,026) - - - - - - -

Other Income/(expense)
Misc. Income/(expense)/INTEREST EXP -
Interest Income -
Gain or (Loss) on Asset Disposal) -
Gain or (Loss) on Foreign Exchange 17,917 10,868 7,049 -
Total - 17,917 - - - 10,868 7,049 - - - - - - -

Net Income Before Tax - (281,084.67) 603,391 2,736,278 (264,696) (854,081.33) (2,501,977) - - - - - - -

Depreciation & Amortization - 2,955,827 529,859 602,580 628,627 598,403 596,359 - - - - - - -

Interest Expense - - - - - - - - - - - - - -
Bad Debt
EBITDA - 2,674,743 1,133,249 3,338,859 363,931 (255,678) (1,905,618) - - - - - - -
2,674,743
MONTH YTD YTD

Q1 Q2 Q3 Q4

- 0 -
- 0 -

18,998,892.85 10,201,519 - -

- 0 - -
- 0 - -
18,998,892.85 10,201,519 - -
- 0 - -
- 0 - -
- 0 - -

- 0 - -
- 0 - -

- 0 - -
8,930,172.29 7,952,516 - -
- 15,581 - -
- 0 - -
8,930,172.29 7,968,097 - -
- 0 - -
10,068,720.56 2,233,422 - -
1.60 #DIV/0! #DIV/0! #DIV/0!
- 0 - -
2,839,382.02 2,262,466 - -
1,946,988.17 1,221,472 - -
244,744.87 304,919 - -
174,207.49 108,742 - -
- 0 - -
124,640.01 83,093 - -
88,540.29 273,689 - -
249,797.69 155,533 - -
10,121.67 5,818 - -
- 0 - -
341.83 109,200 - -
- 0 - -
7,688.89 29,617 - -
- 0 - -
110,925.23 93,875 - -
- 0 - -
- 0 - -
- 0 - -
- 0 - -
- 0 - -
914,620.18 552,329 - -
9,673.04 15,915 - -
904,947.14 536,413 - -
- 0 - -
622,453.95 438,817 - -
- 0 - -
89,780.88 138,453 - -
- 0 - -
- 0 - -
- 0 - -
31,556.72 89,549 - -
58,224.16 - -
- 0 - -
33,407.00 27,512 - -
24,835.22 3,499 - -
8,571.78 24,013 - -
- 0 - -
51,018.34 65,539 - -
- 0 - -
42,732.75 31,057 - -
22,732.74 17,724 - -
20,000.01 13,333 - -
- 0 - -
- 0 - -
- 0 - -
- 0 - -
- 0 - -
29,147.98 20,569 - -
7,929.77 0 - -
- 0 - -
 - 0 - -
134,966.03 372,476 - -
- 0 - -
- 0 - -
- 0 - -
31,318.89 18,474 - -
55,081.43 40,633 - -
- 2,209 - -

48,565.71 8,696 - -
- 0 - -
1,761,065.40 1,194,762 - -
348,628.40 379,926 - -
- 0 - -
- 0 - -
6,993,746.82 5,607,397 - -
- 0 - -
3,074,973.74 -3,373,975 - -
- 0 - -
- 0 - -
- 0 - -
- 0 - -
- 0 - -
- 17,917 - -
- 17,917 - -
- 0 - -
- 0 - -
3,074,973.74 -3,356,058 - -
- 0 - -
1,761,065.40 1,194,762 - -
- 0 - -
- 0 - -
4,836,039.14 -2,161,297 - -
- 0 - -
-
-576,062 -
(3,932,120) -

-
3,356,058
 MONTH
COMPANY NAME: ASP AIRSPEED PHILIPPINES (Domestic)
STATEMENT OF PROFIT & LOSS ###
FISCALYEAR ENDS DECEMBER 2023 ###

YTD -
BUDGET 2023 -ACTUAL 31-Jan 28-Feb 31-Mar 30-Apr 31-May 30-Jun 31-Jul 31-Aug 30-Sep 31-Oct 30-Nov 31-Dec

Revenue
Domestic Airfreight - ###
Domestic Seafreight - ###
RORO -
warehousing 3,991,339 100,562 232,597 193,148 352,854 3,112,177 ###
GROWSARI -
CROSS DOCKING - ###
Others / By land / Domestic - ###
Total - 3,991,339 100,562 232,597 193,148 352,854 3,112,177 - - - - - - -
###
Direct Cost ###
Air Export Cost Direct/ Domestic Airfright Cost - ###
Air Export Cost Consol - REVERSE - ###
Other Cost/ Delivery van rental / Transport Cost -
RORO - ###
CROSS DOCK EXP
Sea Import Cost/ Domestic Seafreight cost - ###
Air Import Cost/ warehousing expenses 3,841,557 373,216 531,053 490,148 678,271 1,768,869 ###
Other Direct Cost / Vehicle Repairs & Maintenance & 6,561 6,561 ###
Others/ by land - ###
Total - 3,848,119 373,216 531,053 490,148 678,271 1,775,430.66 - - - - - - -
###
Gross Profit - 143,220 (272,653) (298,456) (297,000) (325,417) 1,336,747 - - - - - - -
4% -271% -128% -154% -92% 43% #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Overheads ###
Salaries, Wages & Allowances - 418,135 36,892 76,831 91,553 126,521 86,338 - - - - - - -
Salaries & wages 245,856 32,043 54,015 50,977 74,539 34,282 ###
Overtime 31,706 468 1,322 7,380 15,775 6,762 ###
13th month 22,441 1,691 5,188 5,188 5,188 5,188 ###
Bonus - ###
Retirement benefits - ###
Employee benefits 77,011 700 8,950 21,984 23,810 21,567 ###
SSS. Med. & EC contribution 30,572 1,990 7,115 5,493 6,975 8,998 ###
HDMF Contribution 1,007 242 189 234 342 ###
Philhealth Premium - ###
Staff Development 9,542 342 9,200 ###
###
Entertainment 1,897 228 269 1,400 ###
Overseas Travelling Expenses ###
Local Transportation Fee 34,306 4,630 6,062 6,567 6,697 10,349 - ###
###
Motor Vehicles Expenses - - - - - - - - - - - - - -
Vehicle expenses - ###
Gasoline & oil - ###
###
Rent, Rates & Management Fee - 509,492 52,777 53,930 57,555 127,326 217,904 - - - - - - -
Rent Expense 25,588 3,414 6,259 6,792 9,123 ###
Security & Janitorial 483,904 52,777 50,516 51,297 120,534 208,780 ###
Parking ###
Water/Light & Power 828,916 134,208 140,346 123,683 343,056 87,623 ###
###
Communication - 131,353 33,117 19,988 29,747 30,762 17,740 - - - - - - -
Telephone expense - ###
Fax & telexes - ###
Postage & courier - ###
Subscription-internet 112,157 31,138 17,292 26,085 26,000 11,643 ###
Pager and Cell phone 19,197 1,979 2,696 3,663 4,763 6,097 ###
###
Repair & Maintenance - 44,550 - 9,086 7,952 2,714 24,797 - - - - - - -
Office premises repairs & mainte 17,174 7,667 6,008 960 2,539 ###
Office equipment repairs & mainte 27,376 1,419 1,944 1,754 22,258 ###
###
Printing & Stationery 25,937 1,508 2,330 16,315 5,784 ###
###
Legal & Professional Fee - 15,457 - 3,639 4,094 4,001 3,723 - - - - - - -
Legal fees 15,457 3,639 4,094 4,001 3,723 ###
Audit fees - ###
###
Bank Charges & Interest - - - - - - - - - - - - - -
Bank charges - ###
Interest expense - ###
###
Tax & License 52,273 385 1,393 50,495 ###
Insurance - ###
 ###
###
Sundry Expenses - 360,583 - 19,887 18,364 121,135 201,198 - - - - - - -
Computer lease - ###
Local corp. assessment fee(to sundry) - ###
Dues & subscription - ###
Christmas Expense 14,433 3,608 3,608 3,608 3,608 ###
Xerox expenses 1,748 790 958 ###
Miscellaneous expenses 2,209 2,209 ###
OTHER EXPENSES 302,463 112,675 189,788
ads and Promo 39,730 16,278 14,756 4,062 4,635 ###
Corp. Assessment Fee - ###
Depreciation & Amortization 232,614 44,164 44,164 44,164 48,394 51,727 ###
Bad Debt - ###
###
###
Total Operating cost - 2,655,512 305,788 375,669 386,663 829,714 757,677.40 - - - - - - -
###
Operating Income (EBIT) (2,512,291.53) (578,441) (674,125) (683,663) (1,155,131) 579,069 - - - - - - -
###
Other Income/(expense) ###
Misc. Income/(expense)/INTEREST EXP - - - - - -
Interest Income - ###
Gain or (Loss) on Asset Disposal) - ###
Gain or (Loss) on Foreign Exchange - ###
Total - - - - - - - - - - - - - -
###
###
Net Income Before Tax - (2,512,292) (578,441) (674,125) (683,663) (1,155,131.20) 579,069 - - - - - - -
###
Depreciation & Amortization - 232,614 44,164 44,164 44,164 48,394 51,727 - - - - - - -
Interest Expense - - - - - - - - - - -
Bad Debt ###
EBITDA - (2,279,677) (534,276) (629,961) (639,499) (1,106,737) 630,796 - - - - - - -
(2,512,292)
###

-
 MONTH
COMPANY NAME: ASP AIRSPEED PHILIPPINES (Domestic)
STATEMENT OF PROFIT & LOSS ###
FISCALYEAR ENDS DECEMBER 2023 ###

YTD -
BUDGET 2023 -ACTUAL 31-Jan 28-Feb 31-Mar 30-Apr 31-May 30-Jun 31-Jul 31-Aug 30-Sep 31-Oct 30-Nov 31-Dec

Revenue
Domestic Airfreight - ###
Domestic Seafreight - ###
RORO -
warehousing 62,208 - - - 30,840 31,368 ###
GROWSARI -
CROSS DOCKING - ###
Others / By land / Domestic - ###
Total - 62,208 - - - 30,840 31,368 - - - - - - -
###
Direct Cost ###
Air Export Cost Direct/ Domestic Airfright Cost - ###
Air Export Cost Consol - REVERSE - ###
Other Cost/ Delivery van rental / Transport Cost -
RORO - ###
CROSS DOCK EXP
Sea Import Cost/ Domestic Seafreight cost - ###
Air Import Cost/ warehousing expenses 741,791 - - - 382,982 358,810 ###
Other Direct Cost / Vehicle Repairs & Maintenance & - ###
Others/ by land - ###
Total - 741,791 - - - 382,982 358,810 - - - - - - -
###
Gross Profit - (679,583) - - - (352,142) (327,442) - - - - - - -
-1092% #DIV/0! #DIV/0! #DIV/0! -1142% -1044% #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Overheads ###
Salaries, Wages & Allowances - - - - - - - - - - - - - -
Salaries & wages - ###
Overtime - ###
13th month - ###
Bonus - ###
Retirement benefits - ###
Employee benefits - ###
SSS. Med. & EC contribution - ###
HDMF Contribution - ###
Philhealth Premium - ###
Staff Development - ###
###
Entertainment - ###
Overseas Travelling Expenses ###
Local Transportation Fee - - - - ###
###
Motor Vehicles Expenses - - - - - - - - - - - - - -
Vehicle expenses - ###
Gasoline & oil - ###
###
Rent, Rates & Management Fee - 92,277 - - - 46,482 45,795 - - - - - - -
Rent Expense - ###
Security & Janitorial 92,277 46,482 45,795 ###
Parking ###
Water/Light & Power 28,440 13,440 15,000 ###
###
Communication - - - - - - - - - - - - - -
Telephone expense - ###
Fax & telexes - ###
Postage & courier - ###
Subscription-internet - ###
Pager and Cell phone - ###
###
Repair & Maintenance - - - - - - - - - - - - - -
Office premises repairs & mainte - ###
Office equipment repairs & mainte - ###
###
Printing & Stationery - ###
###
Legal & Professional Fee - - - - - - - - - - - - - -
Legal fees - ###
Audit fees - ###
###
Bank Charges & Interest - - - - - - - - - - - - - -
Bank charges - ###
Interest expense - ###
###
Tax & License - ###
Insurance - ###
 ###
###
Sundry Expenses - - - - - - - - - - - - - -
Computer lease - ###
Local corp. assessment fee(to sundry) - ###
Dues & subscription - ###
Christmas Expense - ###
Xerox expenses - ###
Miscellaneous expenses - ###
OTHER EXPENSES -
ads and Promo - ###
Corp. Assessment Fee - ###
Depreciation & Amortization - ###
Bad Debt - ###
###
###
Total Operating cost - 120,717 - - - 59,922 60,795.41 - - - - - - -
###
Operating Income (EBIT) (800,300) - - - (412,063) (388,237) - - - - - - -
###
Other Income/(expense) ###
Misc. Income/(expense)/INTEREST EXP - - - - - -
Interest Income - ###
Gain or (Loss) on Asset Disposal) - ###
Gain or (Loss) on Foreign Exchange - ###
Total - - - - - - - - - - - - - -
###
###
Net Income Before Tax - (800,300) - - - (412,063) (388,237) - - - - - - -
###
Depreciation & Amortization - - - - - - - - - - - - - -
Interest Expense - - - - - - - - - - -
Bad Debt ###
EBITDA - (800,300) - - - (412,063) (388,237) - - - - - - -
(800,300)
COMPANY NAME: ASP AIRSPEED PHILIPPINES (DomesC5 WAREHOUSE
STATEMENT OF PROFIT & LOSS
FISCALYEAR ENDS DECEMBER 2023
YTD -
BUDGET 2023 -ACTUAL 31-Jan 28-Feb 31-Mar

Revenue
Domestic Airfreight -
Domestic Seafreight -
RORO -
warehousing -
GROWSARI -
CROSS DOCKING 2,476,365 341,619 520,420 901,601
Others / By land / Domestic -
Total - 2,476,365 341,619 520,420 901,601

Direct Cost
Air Export Cost Direct/ Domestic Airfright Cost -
Air Export Cost Consol - REVERSE -
Other Cost/ Delivery van rental / Transport Cost -
RORO -
CROSS DOCK EXP 3,473,757 449,062 1,068,150 970,267
Sea Import Cost/ Domestic Seafreight cost -
Air Import Cost/ warehousing expenses/ross docking -
Other Direct Cost / Vehicle Repairs & Maintenance & Fuel 17,124 2,835 654
Others/ by land -
Total - 3,490,881 449,062 1,070,984 970,922

Gross Profit - (1,014,516) (107,443) (550,565) (69,320)

-41% -31% -106% -8%
Overheads
Salaries, Wages & Allowances - 1,176,197 105,461 276,650 272,050
Salaries & wages 754,995 69,510 184,177 185,708
Overtime 55,008 618 22,639 11,292
13th month 82,937 12,747 17,547 17,547
Bonus -
Retirement benefits 69,244 13,849 13,849 13,849
Employee benefits 112,857 5,524 11,816 23,464
SSS. Med. & EC contribution 88,457 3,213 25,844 19,048
HDMF Contribution 3,158 778 798
Philhealth Premium -
Staff Development 9,542 342

Entertainment 6,130 1,773 1,792

Overseas Travelling Expenses
Local Transportation Fee 79,755 9,260 16,771 17,814

Motor Vehicles Expenses - - - - -

Vehicle expenses -
Gasoline & oil -

Rent, Rates & Management Fee - 348,080 74,846 108,343 54,335

Rent Expense 25,588 3,414 6,259
Security & Janitorial 322,492 74,846 104,929 48,076
Parking
Water/Light & Power 77,734 20,000 13,468 12,532

Communication - 117,799 5,125 10,409 11,624

Telephone expense -
Fax & telexes -
Postage & courier -
Subscription-internet 70,969 1,085 1,085
Pager and Cell phone 46,831 5,125 9,324 10,539

Repair & Maintenance - 44,550 - 9,086 7,952

Office premises repairs & mainte 17,174 7,667 6,008
Office equipment repairs & mainte 27,376 1,419 1,944

Printing & Stationery 67,815 14,041 35,080 2,046

 Legal & Professional Fee - 34,901 3,889 7,528 7,982
Legal fees 23,790 1,667 5,306 5,760
Audit fees 11,111 2,222 2,222 2,222

Bank Charges & Interest - - - - -

Bank charges -
Interest expense -

Tax & License 1,778 385

Insurance -

Sundry Expenses - 375,946 3,981 21,553 28,079

Computer lease -
Local corp. assessment fee(to sundry) -
Dues & subscription -
Christmas Expense 16,838 2,405 3,608 3,608
Xerox expenses 1,748
Miscellaneous expenses 2,209
OTHER EXPENSES 302,463
ads and Promo 52,688 1,575 17,945 24,471
Corp. Assessment Fee -
Depreciation & Amortization -
Bad Debt -

Total Operating cost - 2,330,684 236,602 500,660 416,591

Operating Income (EBIT) - (3,345,200) (344,045) (1,051,224) (485,911)

Other Income/(expense)
Misc. Income/(expense)/INTEREST EXP -
Interest Income -
Gain or (Loss) on Asset Disposal) -
Gain or (Loss) on Foreign Exchange -
Total - - - - -

Net Income Before Tax - (3,345,199.76) (344,045) (1,051,224) (485,911)

Depreciation & Amortization - - - - -

Interest Expense - - - - -
Bad Debt
EBITDA - (3,345,200) (344,045) (1,051,224) (485,911)
COMPANY NAME: ASP AIRSPEED PHILIPPINES (DomesC5 WAREHOUSE
STATEMENT OF PROFIT & LOSS
FISCALYEAR ENDS DECEMBER 2023
YTD -
BUDGET 2023 -ACTUAL 01/31/23 02/28/23 03/31/23

Revenue
Domestic Airfreight -
Domestic Seafreight -
RORO -
warehousing -
GROWSARI -
CROSS DOCKING 2,626,611 372,761 970,330
Others / By land / Domestic -
Total - 2,626,611 - 372,761 970,330

Direct Cost
Air Export Cost Direct/ Domestic Airfright Cost -
Air Export Cost Consol - REVERSE -
Other Cost/ Delivery van rental / Transport Cost -
RORO -
CROSS DOCK EXP 3,792,837 13,913 719,164 1,377,724
Sea Import Cost/ Domestic Seafreight cost -
Air Import Cost/ warehousing expenses/ross docking -
Other Direct Cost / Vehicle Repairs & Maintenance & Fuel 21,454 6,010 1,922
Others/ by land -
Total - 3,814,292 13,913 725,174 1,379,646

Gross Profit - (1,187,681) (13,913) (352,413) (409,316)

-45% #DIV/0! -95% -42%
Overheads
Salaries, Wages & Allowances - 1,118,335 83,100 215,917 287,516
Salaries & wages 699,780 52,403 140,320 186,643
Overtime 54,258 618 6,858 24,600
13th month 74,270 9,413 16,214 16,214
Bonus -
Retirement benefits 69,244 13,849 13,849 13,849
Employee benefits 121,117 5,524 18,742 23,464
SSS. Med. & EC contribution 86,967 1,293 19,456 21,506
HDMF Contribution 3,158 478 898
Philhealth Premium -
Staff Development 9,542 342

Entertainment 28,102 16,070 5,259

Overseas Travelling Expenses
Local Transportation Fee 93,873 9,260 19,916 22,632

Motor Vehicles Expenses - - - - -

Vehicle expenses -
Gasoline & oil -

Rent, Rates & Management Fee - 444,206 - 61,868 129,552

Rent Expense 25,588 3,414 6,259
Security & Janitorial 418,618 58,454 123,293
Parking
Water/Light & Power 80,428 6,033 4,420

Communication - 51,499 4,125 8,909 12,624

Telephone expense -
Fax & telexes -
Postage & courier -
Subscription-internet 4,169 1,085 1,085
Pager and Cell phone 47,331 4,125 7,824 11,539

Repair & Maintenance - 113,619 - 9,086 77,021

Office premises repairs & mainte 17,174 7,667 6,008
Office equipment repairs & mainte 96,445 1,419 71,013

Printing & Stationery 77,623 15,662 44,738

 Legal & Professional Fee - 34,901 3,889 7,528 7,982
Legal fees 23,790 1,667 5,306 5,760
Audit fees 11,111 2,222 2,222 2,222

Bank Charges & Interest - - - - -

Bank charges -
Interest expense -

Tax & License 13,809 385

Insurance -

Sundry Expenses - 393,793 3,981 38,518 28,962

Computer lease -
Local corp. assessment fee(to sundry) -
Dues & subscription -
Christmas Expense 16,838 2,405 3,608 3,608
Xerox expenses 1,748
Miscellaneous expenses 2,209
OTHER EXPENSES 302,463
ads and Promo 70,535 1,575 34,909 25,354
Corp. Assessment Fee -
Depreciation & Amortization -
Bad Debt -

Total Operating cost - 2,450,188 104,355 399,506 621,091

Operating Income (EBIT) - (3,637,868) (118,268) (751,919) (1,030,408)

Other Income/(expense)
Misc. Income/(expense)/INTEREST EXP -
Interest Income -
Gain or (Loss) on Asset Disposal) -
Gain or (Loss) on Foreign Exchange -
Total - - - - -

Net Income Before Tax - (3,637,868) (118,268) (751,919) (1,030,408)

Depreciation & Amortization - - - - -

Interest Expense - - - - -
Bad Debt
EBITDA - (3,637,868) (118,268) (751,919) (1,030,408)
COMPANY NAME: ASP AIRSPEED PHILIPPINES (DomesC5 WAREHOUSE
STATEMENT OF PROFIT & LOSS
FISCALYEAR ENDS DECEMBER 2023
YTD -
BUDGET 2023 -ACTUAL 01/31/23 02/28/23 03/31/23

Revenue
Domestic Airfreight -
Domestic Seafreight -
RORO -
warehousing -
GROWSARI -
CROSS DOCKING 2,031,968 61,404 141,679 413,550
Others / By land / Domestic -
Total - 2,031,968 61,404 141,679 413,550

Direct Cost
Air Export Cost Direct/ Domestic Airfright Cost -
Air Export Cost Consol - REVERSE -
Other Cost/ Delivery van rental / Transport Cost -
RORO -
CROSS DOCK EXP 3,231,104 45,923 456,538 1,091,481
Sea Import Cost/ Domestic Seafreight cost -
Air Import Cost/ warehousing expenses/ross docking -
Other Direct Cost / Vehicle Repairs & Maintenance & Fuel 9,717 2,001 494
Others/ by land -
Total - 3,240,821 45,923 458,539 1,091,975

Gross Profit - (1,208,853) 15,481 (316,861) (678,425)

-59% 25% -224% -164%
Overheads
Salaries, Wages & Allowances - 1,222,633 126,344 282,783 286,175
Salaries & wages 744,112 81,478 198,550 179,233
Overtime 91,543 6,317 11,652 28,856
13th month 96,592 13,986 18,964 18,964
Bonus -
Retirement benefits 69,244 13,849 13,849 13,849
Employee benefits 115,028 5,524 11,642 23,464
SSS. Med. & EC contribution 93,214 5,190 27,249 20,568
HDMF Contribution 3,358 878 898
Philhealth Premium -
Staff Development 9,542 342

Entertainment 8,568 497 964

Overseas Travelling Expenses
Local Transportation Fee 81,936 9,260 12,237 13,172

Motor Vehicles Expenses - - - - -

Vehicle expenses -
Gasoline & oil -

Rent, Rates & Management Fee - 29,923 - 4,370 7,274

Rent Expense 25,588 3,414 6,259
Security & Janitorial 4,335 956 1,016
Parking
Water/Light & Power 3,632 1,583 45

Communication - 50,499 5,125 10,409 11,624

Telephone expense -
Fax & telexes -
Postage & courier -
Subscription-internet 4,169 1,085 1,085
Pager and Cell phone 46,331 5,125 9,324 10,539

Repair & Maintenance - 44,550 - 9,086 7,952

Office premises repairs & mainte 17,174 7,667 6,008
Office equipment repairs & mainte 27,376 1,419 1,944

Printing & Stationery 22,185 11,161 3,368 2,630

 Legal & Professional Fee - 34,901 3,889 7,528 7,982
Legal fees 23,790 1,667 5,306 5,760
Audit fees 11,111 2,222 2,222 2,222

Bank Charges & Interest - - - - -

Bank charges -
Interest expense -

Tax & License 1,778 385

Insurance -

Sundry Expenses - 386,213 3,981 26,553 22,314

Computer lease -
Local corp. assessment fee(to sundry) -
Dues & subscription -
Christmas Expense 16,838 2,405 3,608 3,608
Xerox expenses 21,731 5,000 3,950
Miscellaneous expenses 2,209
OTHER EXPENSES 302,463
ads and Promo 42,972 1,575 17,945 14,756
Corp. Assessment Fee -
Depreciation & Amortization -
Bad Debt -

Total Operating cost - 1,886,818 159,759 358,415 360,518

Operating Income (EBIT) - (3,095,671) (144,279) (675,275) (1,038,944)

Other Income/(expense)
Misc. Income/(expense)/INTEREST EXP -
Interest Income -
Gain or (Loss) on Asset Disposal) -
Gain or (Loss) on Foreign Exchange -
Total - - - - -

Net Income Before Tax - (3,095,671) (144,279) (675,275) (1,038,944)

Depreciation & Amortization - - - - -

Interest Expense - - - - -
Bad Debt
EBITDA - (3,095,671) (144,279) (675,275) (1,038,944)
COMPANY NAME: ASP AIRSPEED PHILIPPINES (Domestic)
STATEMENT OF PROFIT & LOSS
FISCALYEAR ENDS DECEMBER 2023
YTD -
BUDGET 2023 -ACTUAL 01/31/23 02/28/23 03/31/23

Revenue
Domestic Airfreight -
Domestic Seafreight -
RORO -
warehousing 96,099 - - -
GROWSARI -
CROSS DOCKING -
Others / By land / Domestic -
Total - 96,099 - - -

Direct Cost
Air Export Cost Direct/ Domestic Airfright Cost -
Air Export Cost Consol - REVERSE -
Other Cost/ Delivery van rental / Transport Cost -
RORO -
CROSS DOCK EXP 85,211
Sea Import Cost/ Domestic Seafreight cost -
Air Import Cost/ warehousing expenses - - - -
Other Direct Cost / Vehicle Repairs & Maintenance & Fuel -
Others/ by land -
Total - 85,211 - - -

Gross Profit - 10,888 - - -

11% #DIV/0! #DIV/0! #DIV/0!
Overheads
Salaries, Wages & Allowances - - - - -
Salaries & wages -
Overtime -
13th month -
Bonus -
Retirement benefits -
Employee benefits -
SSS. Med. & EC contribution -
HDMF Contribution -
Philhealth Premium -
Staff Development -

Entertainment -
Overseas Travelling Expenses -
Local Transportation Fee -
-
Motor Vehicles Expenses - - - - -
Vehicle expenses -
Gasoline & oil -

Rent, Rates & Management Fee - - - - -

Rent Expense -
Security & Janitorial -
Parking
Water/Light & Power -

Communication - - - - -
Telephone expense -
Fax & telexes -
Postage & courier -
Subscription-internet -
Pager and Cell phone -

Repair & Maintenance - - - - -

Office premises repairs & mainte -
 Office equipment repairs & mainte -

Printing & Stationery -

Legal & Professional Fee - - - - -

Legal fees -
Audit fees -

Bank Charges & Interest - - - - -

Bank charges -
Interest expense -

Tax & License -

Insurance -

Sundry Expenses - - - - -
Computer lease -
Local corp. assessment fee(to sundry) -
Dues & subscription -
Christmas Expense -
Xerox expenses -
Miscellaneous expenses -
OTHER EXPENSES -
ads and Promo -
Corp. Assessment Fee -
Depreciation & Amortization -
Bad Debt -

Total Operating cost - - - - -

Operating Income (EBIT) 10,888 - - -

Other Income/(expense)
Misc. Income/(expense)/INTEREST EXP -
Interest Income -
Gain or (Loss) on Asset Disposal) -
Gain or (Loss) on Foreign Exchange -
Total - - - - -

Net Income Before Tax - 10,888 - - -

Depreciation & Amortization - - - - -

Interest Expense - - - - -
Bad Debt
EBITDA - 10,888 - - -
 MONTH

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04/30/23 05/31/23

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- 96,098.79

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- 96,099
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85,211
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- -
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- 85,211
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- 10,888
#DIV/0! 11%
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- -
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- -
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- -
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- -
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- -
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- -
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- -
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- -
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 ###
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- -
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- -
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- -
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- -
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- 10,888
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- -
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- 10,888
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- -
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- 10,888
 STATEMENT OF COMPREHENSIVE INCOME
For the period ending April 30, 2023

CURRENT MONTH YEAR TO DATE

2023 2022 2023 2022

ACTUAL BUDGET ACTUAL ACT VS B ACT VS LY ACTUAL BUDGET ACTUAL ACT VS B ACT VS LY COMMENTS/REMARKS ON VARIANCE OVER BUDGET
%tage %tage %tage %tage YTD

Revenue
AIR EXPORT REVENUE - DIRECT
Air Export Revenue - Consolidation
Air Export Handling Revenue
Air Export Handling Revenue - TGL
TRUCKING REVENUE
AIR EXPORT REVENUE - CONSOLIDATION
AIR IMPORT REVENUE
AIRFREIGHT REVENUE 0 0 0 #DIV/0! #DIV/0! 0 0 0 #DIV/0! #DIV/0!
Sea Export Revenue - Direct #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Sea Import Revenue #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Sea Export Handling Revenue #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Warehousing 0 0 0 #DIV/0! #DIV/0! - 0 0 #DIV/0! #DIV/0!
GROWSARI 7,607,952 9,240,333 5,462,515 -18% 39% 40,437,660 34,907,967 22,505,299
SEAFREIGHT REVENUE 0 0 0 #DIV/0! #DIV/0! 0 0 0 #DIV/0! #DIV/0!
RORO 0 0 0 #DIV/0! #DIV/0! 0 0 0
CROSS DOCKING 1,244,234 3,618,000 -66% #DIV/0! 7,134,944 8,728,727 -18% #DIV/0!
DOMESTIC FREIGHT & DELIVERY REVENUE 0 0 0 #DIV/0! #DIV/0! 0 0 0 #DIV/0! #DIV/0!
Total Revenue 8,852,186 12,858,333 5,462,515 -31% 62% 47,572,604 43,636,694 22,505,299 9% 111%

Cost Of Services
AIRFREIGHT COST 0 0 0 #DIV/0! #DIV/0! 0 0 0 #DIV/0! #DIV/0!
SEAFREIGHT COST 0 0 0 #DIV/0! #DIV/0! 0 0 0 #DIV/0! #DIV/0!
RORO 0 0 0 0 0 0
WAREHOUSE 13,721,194 10,269,939 10,302,461 34% 33% 57,740,802 41,685,528 44,389,571 39% 30%
CROSS DOCK 1,773,688 2,243,852 -21% #DIV/0! 10,497,698 7,225,020 45% #DIV/0!
Domestic freight and Delivery Cost 3,739,923 4,460,400 1,969,568 -16% 90% 18,750,469 17,177,967 7,398,709 9% 153%
Total Cost Of Services 19,234,804 16,974,191 12,272,029 13% 57% 86,988,969 66,088,514 51,788,280 32% 68%

Gross Profit -10,382,619 -4,115,858 -6,809,514 -0.44 0.05 -39,416,365 -22,451,820 -29,282,981 -0.23 0.43

GP RATE -117% -32% -125% 266% -6% -83% -51% -130%

Operating Expenses
SALARIES & WAGES 4,279,288 4,262,044 2,766,084 0% 55% 17,028,864 15,894,124 11,062,839 7% 54%
OVERTIME PAY 587,871 823,920 484,765 -29% 21% 2,747,014 3,134,930 2,253,255 -12% 22%
13TH MONTH PAY 373,870 414,292 249,280 -10% 50% 1,649,000 1,571,578 997,120 5% 65%
RETIREMENT BENEFITS 249,280 251,125 249,280 -1% 0% 1,121,760 990,146 997,120 13% 13%
SSS CONTRIBUTIONS - ER SHARE 496,098 514,651 209,425 -4% 137% 2,115,141 1,800,432 799,433 17% 165%
PAG-IBIG CONTRIBUTIONS - ER SHARE 20,400 19,328 13,500 6% 51% 84,028 71,018 55,700 18% 51%
PHILHEALTH CONTRIBUTIONS - ER SHARE 0 0 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
EMPLOYEE BENEFITS 965,267 522,209 169,962 85% 468% 2,667,922 1,904,779 505,703 40% 428%
TRAINING AND DEVELOPMENT 100,000 10,279 0 873% #DIV/0! 168,378 38,832 1,825 334% 9126%
ENTERTAINMENT AND REPRESENTATION 75,564 74,200 4,142 2% 1724% 257,418 256,571 35,534 0% 624%
TRANSPORTATION AND TRAVEL - FOREIGN 0 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
TRANSPORTATION AND TRAVEL - LOCAL 431,116 398,817 134,155 8% 221% 1,755,597 1,481,021 711,021 19% 147%
VEHICLE FUEL AND OIL 0 0 #DIV/0! #DIV/0! 0 0 #DIV/0! #DIV/0!
VEHICLE REPAIRS AND MAINTENANCE 0 56,703 #DIV/0! -100% 0 90,320 #DIV/0! -100%
RENT 109,480 56,529 34,840 94% 214% 315,136 197,369 282,844 60% 11%
SECURITY AND JANITORIAL 2,190,387 1,720,362 2,186,101 27% 0% 8,645,497 6,984,533 7,380,762 24% 17%
LIGHT AND WATER 1,334,114 751,826 591,810 77% 125% 4,026,304 2,987,328 2,840,724 35% 42%
TELEPHONES/INTERNET 504,744 323,575 233,679 56% 116% 1,714,138 1,239,574 823,948 38% 108%
POSTAGE AND COURIER 0 0 #DIV/0!
OFFICE PREMISES REPAIRS & MAINTENANCE 11,523 73,328 179,353 -84% -94% 248,139 234,780 533,860 6% -54%
OFFICE EQUIPMENT REPAIRS & MAINTENANCE 125,294 88,173 115,200 42% 9% 510,808 331,747 355,453 54% 44%
PHOTOCOPYING SUPPLIES 89,030 87,087 32,122 2% 177% 413,210 326,167 321,468 27% 29%
STATIONARIES & OFFICE SUPPLIES 95,931 173,861 59,812 -45% 60% 608,913 631,353 972,725 -4% -37%
LEGAL AND PROFESSIONAL FEE/CORP 118,015 130,477 90,000 -10% 31% 520,424 497,368 360,000 5% 45%
BANK CHARGE 3,580 647 1,727 454% 107% 6,869 2,442 27,700 181% -75%
INTEREST EXPENSE 0 33,344 #DIV/0! -100% 0 159,640 #DIV/0! -100%
TAXES AND LICENSES 260,822 108,901 198,164 140% 32% 1,089,446 414,505 896,879 163% 21%
INSURANCE 52,844 61,548 48,827 -14% 8% 207,488 232,508 437,077 -11% -53%
DUES & SUBSCRIPTION 0 0 #DIV/0! 0 0 #DIV/0! #DIV/0!
OTHER EXPENSES 676,050 676,050
ADVERTISING & PROMOTIONS 48,738 132,713 355,000 -63% -86% 537,392 402,355 1,397,500 34% -62%
CHRISTMAS EXPENSE 86,596 84,337 43,298 3% 100% 378,858 342,650 173,192 11% 119%
MISCELLANEOUS EXPENSE 0 0 #DIV/0! 13,254 #DIV/0! #DIV/0!
DEPRECIATION EXPENSE 1,374,478 1,690,174 899,186 -19% 53% 6,771,509 6,417,575 3,512,335 6% 93%
PROVISIONS FOR DOUBTFUL ACCOUNTS 925,534 845,256 223,541 9% 314% 3,731,915 2,915,843 1,772,389 28% 111%
OPERATING EXPENSES 15,585,913 13,619,658 9,663,298 14% 61% 60,010,472 51,301,531 39,758,366 17% 51%

OPERATING INCOME (LOSS) -25,968,532 -17,735,516 -16,472,812 46% 58% -99,426,837 -73,753,351 -69,041,347 35% 44%

Other Income
INTEREST INCOME/EXPENSES 2,398 411 4,575 483% -48% 13,035 -5,276 5,100 -100% 156%
OTHER INCOME -3,997 0 0 #DIV/0! #DIV/0! -22,607 0 #DIV/0! #DIV/0!
GAIN/(LOSS) IN FOREIGN TRANSLATION 10,868 -5,219 0 7,651 -22,635 0 -100% #DIV/0!
GAIN/ (LOSS) IN DISPOSAL OF ASSETS 0 0 0 #DIV/0! #DIV/0! 0 -1,535 0 -100% #DIV/0!
TOTAL OTHER INCOME 9,269 -4,808 4,575 #DIV/0! #DIV/0! -1,921 -29,446 5,100 #DIV/0! #DIV/0!
EARNINGS BEFORE TAX -25,959,263 -17,740,324 -16,468,237 46% 58% -99,428,759 -73,782,797 -69,036,247
INTEREST EXPENSE 3,997 906 33,344 22,607 3,400 159,640
DEPRECIATION & AMORTIZATION 1,374,478 1,690,174 899,186 6,771,509 6,417,575 3,512,335
TOTAL 1,378,475 1,691,081 932,530 6,794,116 6,420,975 3,671,975

EBITDA -24,580,788 -16,049,243 -15,535,708 -92,634,642 -67,361,821 -65,364,272

(11,165,094) 9,549,571 4,323,317 -3,695,946 26,267,473 18,310,803
13,415,694 25,598,815 19,859,025 88,938,697 93,629,295 83,675,075
Airspeed Philippines .0 0.17 0.24 0 0.43 0.43 0.16 0.16 -
Segmented Statement of Profit or Loss
For the month of April 2023

AIRFREIGHT SEAFREIGHT DOMESTIC FREIGHT & DELIVERY WAREHOUSE TOTAL

2023 2022 VAR 2023 2022 VAR 2023 2022 VAR 2023 2022 VAR 2023 2022
PHP Millions
Revenue
Total 16.0 17.9 (1.9) 13.1 8.5 4.5 6.2 2.3 3.9 15.3 13.3 2.0 50.6 42.1
Variable Cost (Direct) - -
Total 14.0 10.6 3.4 14.7 6.6 8.1 3.4 1.6 1.8 15.5 10.3 5.2 47.6 29.1
-
Fixed Cost -
DEPRECIATION EXPENSE .2 .2 .0 .3 .2 .1 .1 .1 .0 .7 .4 .3 1.4 .9
RENT .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 - .0 .1 .0
- -
G&A Expenses - -
SALARIES, WAGES and EMPLOYEE BENEFITS 1.7 1.0 .7 1.6 .8 .8 .6 1.1 (.5) 3.1 1.2 1.9 7.1 4.1
SALARIES & WAGES 1.0 .6 .5 1.0 .6 .4 .4 .8 (.4) 1.9 .8 1.0 4.3 2.8
OVERTIME PAY .2 .1 .1 .1 .1 .0 .0 .2 (.1) .3 .2 .1 .6 .5
13TH MONTH PAY .1 .1 (.0) .1 .0 .0 .0 .0 .0 .2 .1 .1 .4 .2
RETIREMENT BENEFITS .1 .1 (.1) .0 .0 (.0) .0 .0 (.0) .1 .1 .1 .2 .2
SSS CONTRIBUTIONS - ER SHARE .1 .0 .1 .1 .0 .1 .0 .1 (.0) .2 .1 .1 .5 .2
PAG-IBIG CONTRIBUTIONS - ER SHARE .0 .0 .0 .0 .0 .0 .0 .0 (.0) .0 .0 .0 .0 .0
PHILHEALTH CONTRIBUTIONS - ER SHARE - - - - - - -
STAFF DEVELOPMENT & TRAINING - - - - - - - - - .1 - .1 .1 -
EMPLOYEE BENEFITS .3 .1 .2 .2 .0 .2 .1 .0 .1 .4 .0 .4 1.0 .2
TRAINING AND DEVELOPMENT - - - - - - -
ENTERTAINMENT AND REPRESENTATION .0 - .0 .0 - .0 .0 - .0 .0 .0 .1 .0
TRANSPORTATION AND TRAVEL .1 .0 .0 .1 .0 .1 .1 .0 .0 .2 .0 .1 .4 .1
TRANSPORTATION AND TRAVEL - FOREIGN - - - - - -
TRANSPORTATION AND TRAVEL - LOCAL .1 .0 .0 .1 .0 .1 .1 .0 .0 .2 .0 .1 .4 .1
VEHICLE EXPENSES - .0 (.0) - .0 (.0) - .0 (.0) - - - - .1
VEHICLE FUEL AND OIL - - - - - - - .0 (.0) - - - - .0
VEHICLE REPAIRS AND MAINTENANCE - .0 (.0) - .0 (.0) - - - - - - - .0
UTILITIES .5 .3 .2 .4 .2 .2 .2 .1 .1 2.4 2.1 .3 3.5 2.8
SECURITY AND JANITORIAL .3 .3 .0 .3 .2 .1 .1 .1 .0 1.5 1.6 (.1) 2.2 2.2
LIGHT AND WATER .2 .0 .2 .2 .0 .1 .1 .0 .1 .9 .5 .4 1.3 .6
POSTAGE, TELEPHONES/TELEGRAPH .1 .1 .0 .1 .1 .0 .0 .0 (.0) .3 .1 .2 .5 .2
TELEPHONES AND CELLPHONES - .0 (.0) - .0 (.0) - .0 (.0) - .0 (.0) - .1
INTERNET SUBSCRIPTION .0 .0 .0 .0 .0 (.0) .0 .0 .0 .2 .0 .2 .3 .1
POSTAGE AND COURIER .0 - .0 .0 - .0 .0 - .0 .1 .0 .1 .2 .0
OFFICE REPAIRS & MAINTENANCE .1 .0 .0 .0 .0 .0 .0 .0 .0 .0 .3 (.3) .1 .3
OFFICE PREMISES REPAIRS & MAINTENANCE .0 - .0 .0 .0 (.0) .0 .0 (.0) .0 .2 (.2) .0 .2
OFFICE EQUIPMENT REPAIRS & MAINTENANCE .1 .0 .0 .0 .0 .0 .0 .0 .0 .0 .1 (.1) .1 .1
OFFICE SUPPLIES .0 .0 .0 .0 .0 .0 .0 .0 .0 .1 .1 .0 .2 .1
PHOTOCOPYING SUPPLIES .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .1 (.0) .1 .1
STATIONARIES & OFFICE SUPPLIES .0 .0 .0 .0 .0 .0 .0 .0 .0 .1 .0 .0 .1 .0
COMPUTER SUPPLIES - - - - -
LEGAL AND PROFESSIONAL FEE .0 .0 (.0) .0 .0 .0 .0 .0 .0 .1 .0 .0 .1 .1
AUDIT FEES .0 .0 (.0) .0 .0 (.0) .0 .0 (.0) .0 .0 .0 .0 .0
LEGAL FEES .0 .0 (.0) .0 .0 .0 .0 .0 .0 .0 .0 .0 .1 .1
PROFESSIONAL FEES - - - - - - - - - - - - - -
INTEREST EXPENSE - .0 (.0) - .0 (.0) - .0 (.0) - - - - .0
BANK CHARGE .0 .0 .0 .0 .0 .0 .0 .0 .0 - .0 (.0) .0 .0
BANK CHARGE & INTEREST EXPENSE - - - - - -
TAXES AND LICENSES .1 .1 .0 .1 .1 .0 .0 .0 .0 .0 .0 .0 .3 .2
INSURANCE .0 .0 .0 .0 .0 (.0) .0 .0 (.0) - - - .1 .0
DUES & SUBSCRIPTION - - - - - -
OTHER EXPENSES .7
ADVERTISING & PROMOTIONS .0 .2 (.2) .0 .1 (.1) .0 .0 (.0) .0 .1 (.1) .0 .4
CHRISTMAS EXPENSE .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .1 .0
Other Miscellaneous Expenses - - - - - - - - - - - - -
DONATIONS - - - - - -
MISCELLANEOUS EXPENSE - .2 (.2) .0 .1 (.1) .0 .0 (.0) .0 .1 (.1) .0 .4
AMORTIZATION EXPENSE - - - - - -
AMORTIZATION EXPENSE - FRANCHISE FEE - - - - -
PROVISIONS FOR DOUBTFUL ACCOUNTS .3 .1 .3 .2 .1 .2 .1 .0 .0 .3 .1 .2 .9 .2
Total G&A Expenses 3.1 1.9 1.2 2.7 1.4 1.3 1.1 1.4 (.3) 7.2 4.0 2.5 13.4 8.7

OPERATING INCOME (LOSS) (1.3) 5.2 (6.5) (4.6) .3 (4.9) 1.5 (.8) 2.3 (8.1) (1.3) (6.1) (12.6) 3.4

Other Income
INTEREST INCOME/EXPENSES (.0) .0 (.0) (.0) .0 (.0) (.0) .0 (.0) - - - (.0) .0
 OTHER INCOME - - - - - - - - - - - -
GAIN/(LOSS) IN FOREIGN TRANSLATION - - - - - - - - - .0 - .0 .0 -
GAIN/ (LOSS) IN DISPOSAL OF ASSETS - - - - - - - - - - - - - -
Other Income (.0) .0 (.0) (.0) .0 (.0) (.0) .0 (.0) .0 - .0 .0 .0
EBIT (1.3) 5.2 (6.5) (4.6) .3 (4.9) 1.5 (.8) 2.3 (8.1) (1.3) (6.1) (12.5) 3.4
INTEREST EXPENSE .0 .0 (.0) .0 .0 (.0) .0 .0 (.0) - - - .0 .0
DEPRECIATION & AMORTIZATION .2 .2 .0 .3 .2 .1 .1 .1 .0 .7 .4 .3 1.4 .9
EBITDA (1.1) 5.4 (6.5) (4.3) .6 (4.9) 1.7 (.7) 2.4 (7.4) (1.0) (5.8) (11.2) 4.3

(1,324,590.90) 5,208,230.63 (4,612,602.92) 318,364 1,525,149 (812,552) (8,131,523.97) (1,323,255.05) (12,543,568.52) 3,390,788
(1,324,590.90) 5,208,230.63 (4,612,602.92) 318,364 1,525,149 (812,552) - (8,131,524.97) (1,323,255.05) - (12,543,568.52) 3,390,788
(1,082,861.67) 5,413,542.83 (4,331,251.65) 552,338 1,672,429 (690,788) (7,423,408.96) (951,774.99) - -
(1,082,861.67) 5,413,542.83 (4,331,251.65) 552,338 1,672,429 (690,788) (7,423,409.96) (951,774.99) -
- - - - 1.00
- - 1.00
-
1.00
 office rental
###
###
TOTAL AIR
OCT
AIRFREIGHT
VAR

8.5
###
18.5
###
###
.5
.1
###
###
2.9
1.5
.1
.1
-
.3
.0
-
.1
.8
-
.1
.3
-
.3
(.1)
(.0)
(.0)
.7
.0
.7
.3
(.1)
.2
.2
(.2)
(.2)
.0
.1
.0
.1
-
.0
(.0)
.0
-
(.0)
.0
-
.1
.0
-

(.3)
.0
-
-
(.3)
-
-
.7
4.7
###
(15.9)
###
###
(.0)
 -
.0
-
.0
(15.9)
(.0)
.5
(15.5)
###
###
###
###
###
###
Airspeed Philippines 0.17 0 0.43 0.16
Segmented Statement of Profit or Loss
For the month of April 2023 -YTD

AIRFREIGHT SEAFREIGHT DOMESTIC FREIGHT & DELIVERY WAREHOUSE & CROSS DOC
2023 2022 VAR 2023 2022 VAR 2023 2022 VAR 2023
PHP Millions
Revenue
Total 95.1 77.8 17.2 57.1 38.6 18.5 27.4 12.4 80.8
Variable Cost (Direct)
Total 69.8 53.6 16.2 55.4 25.6 29.8 17.5 6.1 11.3 68.3

Fixed Cost
DEPRECIATION EXPENSE 1.2 .8 .4 1.4 .9 .5 .7 .5 .2 3.5
RENT .1 .1 (.1) .1 .1 (.0) .0 .0 (.0) .2

G&A Expenses
SALARIES, WAGES and EMPLOYEE BENEFITS 6.5 4.2 2.3 5.7 3.4 2.2 2.3 4.6 (2.3) 13.1
SALARIES & WAGES 3.7 2.5 1.3 3.5 2.4 1.1 1.4 3.2 (1.8) 8.3
OVERTIME PAY 1.0 .4 .5 .5 .3 .2 .2 .8 (.6) 1.1
13TH MONTH PAY .4 .5 (.1) .3 .2 .1 .1 .1 .0 .8
RETIREMENT BENEFITS .2 .5 (.2) .2 .2 (.0) .1 .1 (.0) .6
SSS CONTRIBUTIONS - ER SHARE .5 .2 .3 .4 .2 .3 .2 .3 (.1) 1.0
PAG-IBIG CONTRIBUTIONS - ER SHARE .0 .0 .0 .0 .0 .0 .0 .0 (.0) .0
PHILHEALTH CONTRIBUTIONS - ER SHARE - - -
STAFF DEVELOPMENT & TRAINING .0 - .0 .0 - .0 .0 .0 .0 .2
EMPLOYEE BENEFITS .7 .2 .5 .6 .1 .5 .3 .1 .2 1.1
TRAINING AND DEVELOPMENT - - - -
ENTERTAINMENT AND REPRESENTATION .1 .0 .1 .1 - .1 .0 .0 .1
TRANSPORTATION AND TRAVEL .3 .2 .1 .4 .2 .2 .3 .2 .0 .8
TRANSPORTATION AND TRAVEL - FOREIGN - - -
TRANSPORTATION AND TRAVEL - LOCAL .3 .2 .1 .4 .2 .2 .3 .2 .0 .8
VEHICLE EXPENSES - .0 (.0) - .0 (.0) - .0 (.0) -
VEHICLE FUEL AND OIL - - - - - - - - - -
VEHICLE REPAIRS AND MAINTENANCE - .0 (.0) - .0 (.0) - .0 (.0) -
UTILITIES 1.4 .6 .7 1.1 .5 .6 .5 .2 .3 9.7
SECURITY AND JANITORIAL 1.0 .5 .5 .8 .4 .5 .4 .2 .2 6.4
LIGHT AND WATER .3 .1 .2 .3 .1 .2 .1 .1 .1 3.3
POSTAGE, TELEPHONES/TELEGRAPH .2 .2 (.0) .2 .2 .1 .1 .1 (.0) 1.2
TELEPHONES AND CELLPHONES - .0 (.0) - .0 (.0) - .0 (.0) .0
INTERNET SUBSCRIPTION .1 .1 .0 .1 .1 (.0) .0 .0 (.0) .8
POSTAGE AND COURIER .1 .1 .0 .2 .1 .1 .1 .1 .0 .4
OFFICE REPAIRS & MAINTENANCE .2 .0 .1 .1 .0 .1 .1 .0 .0 .4
OFFICE PREMISES REPAIRS & MAINTENANCE .1 - .1 .0 .0 .0 .0 .0 .0 .1
OFFICE EQUIPMENT REPAIRS & MAINTENANCE .1 .0 .1 .1 .0 .1 .0 .0 .0 .3
OFFICE SUPPLIES .2 .1 .1 .1 .1 .0 .0 .0 .0 .7
PHOTOCOPYING SUPPLIES .1 .0 .1 .0 .0 .0 .0 .0 .0 .2
STATIONARIES & OFFICE SUPPLIES .1 .0 .0 .1 .0 .0 .0 .0 .0 .5
COMPUTER SUPPLIES - -
LEGAL AND PROFESSIONAL FEE .1 .2 (.0) .1 .1 .0 .0 .0 .0 .3
AUDIT FEES .0 .1 (.0) .0 .0 (.0) .0 .0 (.0) .1
LEGAL FEES .1 .1 (.0) .1 .1 .0 .0 .0 .0 .2
PROFESSIONAL FEES - - - - - - - - - -
INTEREST EXPENSE - .1 (.1) - .1 (.1) - .0 (.0) -
BANK CHARGE .0 .0 (.0) .0 .0 (.0) .0 .0 (.0) -
BANK CHARGE & INTEREST EXPENSE - - -
TAXES AND LICENSES .4 .4 .0 .3 .3 .0 .2 .1 .0 .2
INSURANCE .1 .2 (.1) .1 .1 (.0) .0 .1 (.1) .0
DUES & SUBSCRIPTION - - -
 OTHER EXPENSES .7
ADVERTISING & PROMOTIONS .1 .6 (.5) .1 .3 (.2) .0 .1 (.1) .3
CHRISTMAS EXPENSE .1 .1 .0 .1 .0 .0 .0 .0 .0 .2
Other Miscellaneous Expenses - - - - - - - - - -
DONATIONS - - -
MISCELLANEOUS EXPENSE .1 .6 (.5) .1 .3 (.2) .0 .1 (.1) .3
AMORTIZATION EXPENSE - - -
AMORTIZATION EXPENSE - FRANCHISE FEE - -
PROVISIONS FOR DOUBTFUL ACCOUNTS 1.2 .6 .6 .9 .5 .4 .2 .2 .0 1.5
Total G&A Expenses 10.8 7.6 3.2 9.3 5.8 3.5 3.8 5.9 (2.1) 29.0

OPERATING INCOME (LOSS) 13.2 15.7 (2.5) (8.9) 6.2 (15.2) 5.4 (.1) (9.5) (20.2)

Other Income
INTEREST INCOME/EXPENSES (.0) .0 (.0) (.0) - (.0) (.0) - (.0) -
OTHER INCOME - - - .0 (.0) .0 (.0) -
GAIN/(LOSS) IN FOREIGN TRANSLATION (.0) - (.0) (.0) - (.0) (.0) - (.0) .0
GAIN/ (LOSS) IN DISPOSAL OF ASSETS - - - - - - - - - -
Other Income (.0) .0 (.0) (.0) .0 (.0) (.0) .0 (.0) .0
EBIT 13.2 15.7 (2.5) (8.9) 6.2 (15.2) 5.4 (.1) (9.5) (20.2)
INTEREST EXPENSE .0 .1 (.1) .0 .1 (.1) .0 .0 (.0) -
DEPRECIATION & AMORTIZATION 1.2 .8 .4 1.4 .9 .5 .7 .5 .2 3.5
EBITDA 14.4 16.6 (2.2) (7.6) 7.2 (14.8) 6.1 .4 (9.3) (16.6)

(9,125) 15,738,422 (7,340) 6,235,978.13 (3,372) (92,442.12) (20,150,510)

(9,125) 15,738,422 (7,340) 6,235,978.13 (3,372) (92,442.12) (20,150,510)
- - - - (.0) -

13,207,701 (8,933,115) 5,399,115 (20,150,510)

13,207,701 (8,933,115) 5,399,115 (21,302,492)
- - -
1,151,982.12
 - o

WAREHOUSE & CROSS DOCKING TOTAL

2022 VAR 2023 2022 VAR

55.2 25.6 260.5 184.1 76.4 ###

###
44.4 23.9 211.0 129.7 81.3 ###
###
###
1.4 2.1 6.8 3.5 3.3###
- .2 .3 .3 .0###
###
###
4.4 8.7 27.6 16.7 10.9 ###
2.9 5.4 17.0 11.1 6.0###
.7 .4 2.7 2.3 .5###
.2 .6 1.6 1.0 .7###
.2 .4 1.1 1.0 .1###
.2 .8 2.1 .8 1.3###
.0 .0 .1 .1 .0###
- - - -###
- .2 .2 .0 .2###
.1 1.0 2.7 .5 2.2###
- - - -###
.0 .1 .3 .0 .2###
.1 .7 1.8 .7 1.0###
- - - -###
.1 .7 1.8 .7 1.0###
- - - .1 (.1)###
- - - - -###
- - .1 (.1)###
8.9 .8 12.7 10.2 2.5###
6.3 .1 8.6 7.4 1.3###
2.6 .7 4.0 2.8 1.2###
.3 .9 1.7 .8 .9###
.2 (.1) .0 .2 (.2)###
.2 .6 .9 .4 .6###
- .4 .8 .2 .5###
.8 (.4) .8 .9 (.1)###
.5 (.4) .2 .5 (.3)###
.3 (.1) .5 .4 .2###
1.1 (.4) 1.0 1.3 (.3)###
.2 .0 .4 .3 .1###
.9 (.4) .6 1.0 (.4)###
- - - -###
.1 .2 .5 .4 .2###
.0 .1 .2 .2 .0###
.0 .1 .3 .2 .1###
- - - -###
- - - .2 (.2)###
.0 (.0) .0 .0 (.0)###
- - - -###
.1 .1 1.1 .9 .2###
- .0 .2 .4 (.2)###
- - - -###
 .7
.3 .0 .5 1.4 (.9)###
.0 .1 .4 .2 .2###
- - - - -###
- - - -###
.3 .0 .5 1.4 (.9)###
- - - -###
- - - -###
.5 1.0 3.7 1.8 2.0###
16.7 11.7 52.9 36.0 16.3 ###
###
(7.2) (12.2) (10.5) 14.6 (25.1) ###
###
###
- - (.0) .0 (.0)###
- - - .0 (.0)###
- .0 .0 - .0###
- - - - -###
- .0 (.0) .0 (.0)###
(7.2) (12.2) (10.5) 14.6 (25.1) ###
- - .0 .2 (.1)###
1.4 2.1 6.8 3.5 3.3###
(5.9) (10.1) (3.7) 18.3 (22.0) ###

(7,243,130.03) (10,476,808.65) 14,638,828.12

(7,243,130.03) 14,638,828.12
- (10,476,808.65)
14,638,828.12
(10,476,808.65) -
(10,490,062.31)
13,253.66
Basic 30,000.00 15,000.00
Allowance 5,000.00 2,500.00
Allowance 1,000.00 500.00