Coverage Period of Projection – Alaysa

Projected Statement of Cash Flow - Alaysa

Projected Income Statement - Alaysa

Schedule of Cost of Goods Sold - Alaysa

Schedules of Salaries and Wages - Alaysa

Schedule of Amortization - Alaysa

Financial Statements

Coverage Period of Projection

• The company of Bags and Beyond assumes a 7-month start-up, projected from the month of

June until the month of December.

• After the company’s 7-month start-up period, Bags and Beyond assumes a 5-year projection period for

the recording of the costs, expenses, and revenues beginning from the year of 2023 until the year of

2027.

Projected Statement of Cash Flow

• Payment of payables in the operating activities will not be made during the start-up period and are

expected to be paid on the following period.

• Non-current assets under the investing activities are expected to be purchased during the start-up

period and are expected to depreciate every end of the following periods.

• The total financing activities amount to PHP 600,000.00

Projected Income Statement

• The business is not taxable during the start-up period as it the period is set and projected to encounter

a loss.

• The Percentage Tax of 3% for non-vat sales is based on Total Gross Sales exceeding the P3 Million limit.

• The Graduated Tax is applied starting from the period of 2023 to 2026.

• Payable expenses are recorded accordingly during its period.

Schedule of Cost of Goods Sold

• The amount of the cost of sales are assumed based on the units sold during the period.

• The assumption for the cost per unit is found on page 39 of the business plan, table 4.2 containing the

total cost per order, selling price, mark-up price, and mark-up rate.

Schedules of Salaries and Wages

• The assumptions in for the schedules of salaries and wages are found on page 53 to 56 of the business

plan, tables 5.3 to 5.7 along with the explanation for each respective table.

• The monthly contribution of Philhealth is 50% to both employers and employees

• The monthly contribution of Pag-IBIG is 50% to employers and employees

Schedule of Amortization

• The contract of the leasehold improvement is 8 years.

• The amortization for the start-up period is 7 months and the following 5 periods will have amortization

for 12 months.