BALANCE SHEETS

SWEET BAKED COOKIES

Batobato, San Isidro, Davao Oriental
STATEMENT OF FINANCIAL POSITION
As of December 31, 2024-2028

Note 2024 2025 2026 2027 2028

s
ASSET
CURRENT ASSETS
Cash 1 ₱ ₱ ₱ ₱ ₱
319,72 561,358 753,465 965,647 1,198,694
1
Total Current Assets
319,72 561,358 753,465 965,647 1,198,694
1
NON-CURRENT ASSETS
Building 4.1
450,00 400,000 350,000 300,000 250,000
0
Production Equipment 4.2
20,655 15,491 10,328 5,164 -
Office Equipment 4.3
18,531 13,898 9,265 4,633 -
Furnitures and Fixtures - 5.1
Production 14,600 10,950 7,300 3,650 -
Furnitures and Fixtures - 5.2
Office 4,386 3,289 2,193 1,096 -
Total Non-Current Assets
508,17 443,629 379,086 314,543 250,000
1
TOTAL ASSETS ₱ ₱ ₱ ₱ ₱
827,89 1,004,98 1,132,55 1,280,19 1,448,694
2 6 1 0

LIABLITIES AND PARTNERS' EQUITIES

CURRENT LIABLITIES
Accrued and Other ₱ ₱ ₱ ₱ ₱
Payables 25,815 102,167 109,996 118,139 126,605

25,815 102,167 109,996 118,139 126,605

PARTNERS' EQUITIES
Portrias, Capital 8
100,26 112,852 127,819 145,256 165,261
0
Sayon, Capital 8
100,26 112,852 127,819 145,256 165,261
0
Masillones, Capital 8
100,25 112,852 127,819 145,256 165,261
9
Mahinay, Capital
100,25 112,852 127,819 145,256 165,261
9
Estodillo, Capital 8
100,25 112,852 127,819 145,256 165,261
9
 Anislag, Capital 8
100,26 112,853 127,820 145,257 165,261
0
Quintua, Capital 8
100,26 112,853 127,820 145,257 165,261
0
Elesio, Capital 8
100,26 112,853 127,820 145,257 165,262
0
TOTAL LIABILITY AND ₱ ₱ ₱ ₱ ₱
PARTNERS' EQUITIES 827,89 1,004,98 1,132,55 1,280,19 1,448,694
2 6 1 0

STATEMENT OF FINANCIAL POSITIONS

Balance sheets represents the financials balances that indicates current assets and non-current assets

that are increasing within five years. current assets is cash and assets that are expected turn to cash within one

year of the balance sheets date, and non- current assets are the assets and properties that owned this is not

easy to converted cash within a year.

Current liabilities accrued and other payable liabilities that accumulate over the time and must be paid

include accrued expenses, so that zero percent of accrued expenses within in the five years. Partner’s equity,

partners’ capital in every year’s capital will be increasing.

Horizontal Analysis
Statement of Financial Position

Note 202 202 202 202 202

s 4 5 6 7 8
ASSET
CURRENT ASSETS
Cash 100 176 134 128 124
% % % % %
Total Current Assets 100 176 134 128 124
% % % % %
NON-CURRENT ASSETS
Building 100 89% 88% 86% 83%
%
Production Equipment 100 75% 67% 50% 0%
%
Office Equipment 100 75% 67% 50% 0%
%
Furnitures and Fixtures - 100 75% 67% 50% 0%
Production %
Furnitures and Fixtures - 100 75% 67% 50% 0%
Office %
Total Non-Current Assets 100 87% 85% 83% 79%
%
Total ASSETS 100 121 113 113 113
% % % % %

LIABLITIES AND PARTNER'S

EQUITY
 CURRENT LIABLITIES
Accrued and Other Payables 0% 0% 0% 0% 0%
0% 0% 0% 0% 0%

PARTNERS' EQUITY
Portrias, Capital 100 113 113 114 114
% % % % %
Sayon, Capital 100 113 113 114 114
% % % % %
Masillones, Capital 100 113 113 114 114
% % % % %
Mahinay, Capital 100 113 113 114 114
% % % % %
Estodillo, Capital 100 113 113 114 114
% % % % %
Anislag, Capital 100 113 113 114 114
% % % % %
Quintua, Capital 100 113 113 114 114
% % % % %
Elesio, Capital 100 113 113 114 114
% % % % %
TOTAL LIABILITIES AND 100 121 113 113 113
PARTNERS' EQUITY % % % % %

HORIZONTAL ANALYSIS

The table demonstrates that the business's horizontal analysis has decreased in terms of current

assets, current liabilities, and partners' equity.

Vertical Analysis
Statement of Financial Position

No 2024 2025 2026 2027 2028

tes
ASSET
CURRENT
ASSETS
Cash 38.6 55.8 66.5 75.4 82.7
2% 6% 3% 3% 4%
Total Current 38.6 55.8 66.5 75.4 82.7
Assets 2% 6% 3% 3% 4%
NON-CURRENT
ASSETS
Building 54.3 39.8 30.9 23.4 17.2
5% 0% 0% 3% 6%
Production 2.49 1.54 0.91 0.40 0.00
Equipment % % % % %
Office 2.24 1.38 0.82 0.36 0.00
Equipment % % % % %
Furnitures and 1.76 1.09 0.64 0.29 0.00
Fixtures - % % % % %
Production
Furnitures and 0.53 0.33 0.19 0.09 0.00
Fixtures - % % % % %
Office
 Total Non- 61.3 44.1 33.4 24.5 17.2
Current Assets 8% 4% 7% 7% 6%
Total ASSETS 100. 100. 100. 100. 100.
00% 00% 00% 00% 00%

LIABLITIES AND OWNER'S

EQUITY
CURRENT
LIABILITIES
Accrued and 3.12 10.1 9.71 14.2 8.74
Other % 7% % 7% %
Payables
3.12 10.1 9.71 14.2 8.74
% 7% % 7% %

PARTNERS'
EQUITY
Portrias, 12.1 11.2 11.2 11.3 11.4
Capital 1% 3% 9% 5% 1%
Sayon, Capital 12.1 11.2 11.2 11.3 11.4
1% 3% 9% 5% 1%
Masillones, 12.1 11.2 11.2 11.3 11.4
Capital 1% 3% 9% 5% 1%
Mahinay, 12.1 11.2 11.2 11.3 11.4
Capital 1% 3% 9% 5% 1%
Estodillo, 12.1 11.2 11.2 11.3 11.4
Capital 1% 3% 9% 5% 1%
Anislag, 12.1 11.2 11.2 11.3 11.4
Capital 1% 3% 9% 5% 1%
Quintua, 12.1 11.2 11.2 11.3 11.4
Capital 1% 3% 9% 5% 1%
Elesio, Capital 12.1 11.2 11.2 11.3 11.4
1% 3% 9% 5% 1%
TOTAL 100. 100. 100. 100. 100.
LIABILITY AND 00% 00% 00% 00% 00%
PARTNERS'
EQUITY

VERTICAL ANALYSIS

The table demonstrates that Sweet Bake Cookies' vertical analysis is expanding in terms of current and

partner equity while current liabilities are not steady because of accrued and other payables.

STATEMENT OF CASHFLOW

SWEET BAKED COOKIES

Batobato, San Isidro, Davao Oriental
CASH FLOW STATEMENT
For the year ended December 31, 2024-2028

2024 2025 2026 2027 2028

Cash Flow from
Operating Activities
Net Loss ₱ ₱ ₱ ₱ ₱
82,078 100,7 119,7 139,4 160,042
40 36 95
Depreciation
64,543 64,54 64,54 64,54 64,543
3 3 3
Changes in Net
 Assets

Increase/
( Decrease) in 25,814 76,35 7,829 8,144 8,462
Accrued and Other 4
Payables

172,43 241,6 192,1 212,1 233,046

5 37 07 82

Change in Investing
Activities
Purchase of
Property, Plant
and Equipment
Building
(500,00 - - - -
0)
Production
Equipment (25,819
)
Office
Equipment (23,163
)
Furnitures and
Fixtures - (18,250
Production )
Furnitures and
Fixtures - Office (5,482) - - - -
Cash Flow from
Financing Activities
Increase/
(Decrease) in 720,00 - - - -
Capital 0
Net Increase in
Cash and Cash 319,72 241,6 192,1 212,1 233,046
Equivalents 1 37 07 82
Add: Cash Balance
at beginning of the - 319,7 561,3 753,4 965,647
Year 21 58 65
Cash Balance at ₱ ₱ ₱ ₱ ₱
end of the Year 319,72 561,3 753,4 965,6 1,198,6
1 58 65 47 94

STATEMENT OF CASH FLOW

The tables show how Sweet Bake Cookies' cash flow generates cash to finance its operations as well

as how cash is raised, invested, and reinvested.

NOTES TO FINANCIAL STATEMENT

SWEET BAKED COOKIES

Batobato, San Isidro, Davao Oriental

NOTES TO FINANCIAL STATEMENT

 As of December 31, 2024-2028

1 CASH

2024 2025 2026 2027 2028

Cash on Hand ₱ ₱ ₱ ₱ ₱
63,944 112,272 150,693 193,129 239,739
Cash in Bank
255,777 449,086 602,772 772,518 958,955
Total Cash ₱ ₱ ₱ ₱ ₱
319,721 561,358 753,465 965,647 1,198,69
4

Cash is consist of Cash on Hand and Cash in Bank.

Whereas the cash on hand is assumed to be 20% of the
total cash
and the cash in
bank is 80% of it.

The ending balance of the inventories: The raw materials

are assumed to be equal 1% of Purchases.

3 OTHER ASSETS

2024 2025 2026 2027 2028

Output ₱ ₱ ₱ ₱ ₱
Vat(12%) on 128,031 133,152 138,478 144,017 149,778
Sales
Input VAT on
Purchase of PPE 68,726 - - - -
(12%)
Input Vat on
Purchases of Raw 47,191 49,078 51,041 53,082 55,206
Materials (12%)
Input VAT on
Supplies 6,819 7,091 7,375 7,670 7,976
Excess Input VAT - - - -
over Output VAT - 5,296 82,278 162,340 245,604
in prior year
Total Excess Input -₱ -₱ -₱ -₱ -₱
VAT over Output 5,296 82,278 162,340 245,604 332,200
VAT

4 PROPERTY, PLANT AND

EQUIPMENT
4.1 Building 2024 2025 2026 2027 2028

Building ₱ ₱ ₱ ₱ ₱
500,000 500,000 500,000 500,000 500,000
Less:
Accumulated 50,000 100,000 150,000 200,000 250,000
Depreciation
Building,Net ₱ ₱ ₱ ₱ ₱
450,000 400,000 350,000 300,000 250,000

4.2 Production 2024 2025 2026 2027 2028

Equipment
Refrigerator
9,050 9,050 9,050 9,050 9,050
Juice Machine
2,500 2,500 2,500 2,500 2,500
Centralized
Airconditioner 5,999 5,999 5,999 5,999 5,999
Water
Dispenser 1,270 1,270 1,270 1,270 1,270
Big Oven
7,000 7,000 7,000 7,000 7,000
Total
25,819 25,819 25,819 25,819 25,819
Less:
Accumulated 5,164 10,328 15,491 20,655 25,819
Depreciation
Production ₱ ₱ ₱ ₱ ₱
Equipment,Net 20,655 15,491 10,328 5,164 -

4.3 Office 2024 2025 2026 2027 2028

Equipment
Computer set
12,000 12,000 12,000 12,000 12,000
Fire
extinguisher 1,000 1,000 1,000 1,000 1,000
Printer
6,995 6,995 6,995 6,995 6,995
CCTV
3,169 3,169 3,169 3,169 3,169
TOTAL
 23,163 23,163 23,163 23,163 23,163
Less:
Accumulated 4,633 9,265 13,898 18,531 23,163
Depreciation
Office ₱ ₱ ₱ ₱ ₱
Equipment,Net 18,531 13,898 9,265 4,633 -
5 FURNITURE AND
FIXTURES

5.1 Furnitures and 2024 2025 2026 2027 2028

Fixtures –
Production
Cashier Desk ₱ ₱ ₱ ₱ ₱
1,470 1,470 1,470 1,470 1,470
Chairs
1,482 1,482 1,482 1,482 1,482
Tables
4,000 4,000 4,000 4,000 4,000
Food Display
7,500 7,500 7,500 7,500 7,500
Kitchen Sink
1,929 1,929 1,929 1,929 1,929
Wash Basin
1,870 1,870 1,870 1,870 1,870
Total 18,250 18,250 18,250 18,250 18,250

Less: 3,650 7,300 10,950 14,600 18,250

Accumulated
Depreciation
Total Furnitures ₱ ₱ ₱ ₱ ₱
and Fixtures – 14,600 10,950 7,300 3,650 -
Production

The above mentioned are the Furniture and Fixtures that

are used to furnish the busines mainly the Production
Area

5.2 Furnitures and 2024 2025 2026 2027 2028

Fixtures – Office
Chairs
1,482 1,482 1,482 1,482 1,482
Tables
4,000 4,000 4,000 4,000 4,000
Total 5,482 5,482 5,482 5,482 5,482

Less: 1,096 2,193 3,289 4,386 5,482

Accumulated
Depreciation
Total Furnitures ₱ ₱ ₱ ₱ ₱
and Fixtures – 4,386 3,289 2,193 1,096 -
Production

The above mentioned are the Furniture and Fixtures that

 are used to furnish the busines mainly the Office Area
7 ACCRUED
AND
OTHER
PAYABLE
S

7.1 Income Tax 2024 2025 2026 2027 2028

Payable
Earning ₱ ₱ ₱ ₱ ₱
Before Tax 102,597 125,925 149,670 174,369 200,052
Multiplied by: 20% 20% 20% 20% 20%
Tax Rate

20,519 25,185 29,934 34,874 40,010

2024 2025 2026 2027 2028

Output ₱ ₱ ₱ ₱ ₱
Vat(12%) on 128,031 133,152 138,478 144,017 149,778
Sales
Input VAT on
Purchase of PPE 68,726 - - - -
(12%)
Input Vat on
Purchases of Raw 47,191 49,078 51,041 53,082 55,206
Materials (12%)
Input VAT on
Supplies 6,819 7,091 7,375 7,670 7,976
Excess Input VAT
over Output VAT -
in prior year
₱ ₱ ₱ ₱ ₱
5,296 76,982 80,062 83,265 86,595

Total Accrued ₱ ₱ ₱ ₱ ₱
and Other 25,815 102,167 109,996 118,139 126,605
Payables

Accrued and other Payables, which consist VAT Payable

and Income Tax Payable are the liabilities of the business
that have
built up overtime
and must be paid.
8 PARTNER
S'
CAPITAL
2024 2025 2026 2027 2028

Portrias, ₱ ₱ ₱ ₱ ₱
 Capital 100,260 112,852 127,819 145,256 165,261
Sayon,
Capital 100,260 112,852 127,819 145,256 165,261
Masillones,
Capital 100,259 112,852 127,819 145,256 165,261
Mahinay,
Capital 100,259 112,852 127,819 145,256 165,261
Estodillo,
Capital 100,259 112,852 127,819 145,256 165,261
Anislag,
Capital 100,260 112,853 127,820 145,257 165,261
Quintua,
Capital 100,260 112,853 127,820 145,257 165,261
Elesio, Capital
100,260 112,853 127,820 145,257 165,262
Total Partners' ₱ ₱ ₱ ₱ ₱
Capital End. 802,077 902,819 1,022,55 1,162,05 1,322,08
5 1 9

Owner's Capital is the business assets, and as presented

above, its value is remarkably increasing. Thus, Owners
Capital increases
in profits of the
business.
9 SALES

2024 2025 2026 2027 2028

9.1 Cookies

Chocolate ₱ ₱ ₱ ₱ ₱
Chips Cookies 203,352 211,486 219,945 228,743 237,893
Peanut Butter 224942 233940 243298 253030 263151
Cookies
Spritz Cookies
219,268 228,039 237,161 246,647 256,513
Kiss Cookies
211,825 220,298 229,110 238,274 247,805
Total Cookies
859,387 893,763 929,514 966,694 1,005,36
2

9.2 Drinks

Juice
66,857 69,531 72,312 75,204 78,212
Milk
64,071 66,634 69,299 72,071 74,954
Coffee
62,679 65,186 67,793 70,505 73,325
 Tea
13,929 14,486 15,065 15,668 16,295
Total Drinks
207,536 215,837 224,469 233,448 242,786

Total Sales ₱ ₱ ₱ ₱ ₱
1,066,92 1,109,60 1,153,98 1,200,14 1,248,14
3 0 3 2 8

These are the expected sales of the business using the

demand from the conducted survey of the business.

1 COST OF SERVICES
0
2024 2025 2026 2027 2028

Purchases
393,257 408,987 425,345 442,354 460,052
Direct
Materials 393,257 408,987 425,345 442,354 460,052
Used

DIRECT
LABOR
Baker
240,000 240,000 240,000 240,000 240,000

OVERHEAD

Indirect
Material - Gas 22,500 22,500 22,500 22,500 22,500
Depreciation -
Production 43,814 43,814 43,814 43,814 43,814
Indirect Material –
Supplies 52,366 52,366 52,366 52,366 52,366
Rent Expense
84,000 84,000 84,000 84,000 84,000

TOTAL
MANUFACTURIN 835,937 851,667 868,025 885,034 902,732
G COST

WORK IN
PROCESS - - - - -
FINISHED
GOODS - - - - -
INVENTORY
Cost of Sales ₱ ₱ ₱ ₱ ₱
 835,937 851,667 868,025 885,034 902,732

The aforementioned, is the Cost of Service of the

business used to provide the service. In other words,
these are the amount
needed to produce the products or services
of the business.

1 VARIOUS EXPENSES
1

11.2 Adverstising and 2024 2025 2026 2027 2028

Promotion Expense
Tarpauline/
Poster/ Fliers 5,000 5,100 5,202 5,306 5,412
Total Advertising and ₱ ₱ ₱ ₱ ₱
Promotion Expense 5,000 5,100 5,202 5,306 5,412

Advertising and Promotion expense is used to make sure that

the business's products or servises reaches the target
audience, to market the
products or
services
effectively.

11.3 Utilities 2024 2025 2026 2027 2028

Expense

Monthly Electricity and ₱ ₱ ₱ ₱ ₱

Water Consumption 5,000 5,200 5,408 5,624 5,849
Yearly Electricity and
Water Consumption 60,00 62,40 64,89 67,49 70,19
0 0 6 2 2

Total Utilities ₱ ₱ ₱ ₱ ₱
Expense 60,00 62,40 64,89 67,49 70,19
0 0 6 2 2

Utilities expense is the cost which the business incurs

during a period to avail the services provided by the
business.

11.5 Supplies 2024 2025 2026 2027 2028

 Expense
Office ₱ ₱ ₱ ₱ ₱
Supplies 4,455 4,634 4,819 5,012 5,212
Total ₱ ₱ ₱ ₱ ₱
Supplies 4,455 4,634 4,819 5,012 5,212
Expense

Thses are the

consumables used
during a period of time.

11.8 Taxes and 2024 2025 2026 2027 2028

Licenses
Mayor's Permit ₱ ₱ ₱ ₱ ₱
Fee 1,000 1,000 1,000 1,000 1,000
Garbage Fee
100 100 100 100 100
Business Plate
50 50 50 50 50
Municipal
Health Office 50 50 50 50 50
Health
Certificate Fee 50 50 50 50 50
Laboratory
Fee 100 100 100 100 100
Sanitary
Permit Fee 55 55 55 55 55
Bureau of Fire
Protection 150 150 150 150 150
Licensing and
Registration 500 500 500 500 500
Police
Clearance 100 100 100 100 100
Barangay
Clearance 50 50 50 50 50
Annual
Community 100 100 100 100 100
Tax
BIR
Registration 500 - - - -
Fee
Printing
Expenses 100 100 100 100 100
Processing
Cost 500 500 500 500 500
Total Taxes and ₱ ₱ ₱ ₱ ₱
Licenses Expense 3,405 2,905 2,905 2,905 2,905

These amount are the deductible amount of

license fee and business tax by running the
business.

11.1 PhilHealth Premium 2024 2025 2026 2027 2028

1 Contribution
Baker
 2,400 2,400 2,400 2,400 2,400
Total PhilHealth ₱ ₱ ₱ ₱ ₱
Premium Contribution 2,400 2,400 2,400 2,400 2,400

Aforementioned, are the amount contributions of the

business to its staff to ensure their health and well
being.

11.1 Pag Ibig 2024 2025 2026 2027 2028

2 Contribution
Baker
1,200 1,200 1,200 1,200 1,200
Total Pag Ibig ₱ ₱ ₱ ₱ ₱
Contribution 1,200 1,200 1,200 1,200 1,200

Aforementioned, are the amount contributions

of the business to its staff for their life
insurance.

11.1 SSS Premium 2024 2025 2026 2027 2028

3 Contribution
Baker
10,20 10,20 10,20 10,20 10,20
0 0 0 0 0
Total SSS Premium ₱ ₱ ₱ ₱ ₱
Contribution 10,20 10,20 10,20 10,20 10,20
0 0 0 0 0

Aforementioned, are the amount contributions

of the business to its staff for their life
insurance.

11.1 Depreciation on 2024 2025 2026 2027 2028

4 Selling &
Administrative Dept.
Building ₱ ₱ ₱ ₱ ₱
15,00 15,00 15,00 15,00 15,00
0 0 0 0 0
Office
Equipment 4,633 4,633 4,633 4,633 4,633
Furniture and
Fixtures 1,096 1,096 1,096 1,096 1,096
Total Depreciation on ₱ ₱ ₱ ₱ ₱
Selling & 5,729 5,729 5,729 5,729 5,729
Administrative Dept.

This is the annual depreciation of the Plant and

equipment allocated in Selling and Administrative
Department.

11.1 Rent 2024 2025 2026 2027 2028

5 Expenses
 Space rental ₱ ₱ ₱ ₱ ₱
36,00 37,44 38,93 40,49 42,11
0 0 8 5 5
Total Rent ₱ ₱ ₱ ₱ ₱
Expenses 36,00 37,44 38,93 40,49 42,11
0 0 8 5 5

SALES

Produ Uni PRI

ct t CES
6 12 Total Out Sales 2024 2025 2026 2027 2028
pcs pcs. Sales put (exclu
VAT ding
VAT)
Choco
late 35, 83,2 144, 227,7 24,4 203,3 203,35 211,4 219,9 228,7 237,8
Chips 568 29 525 54 02 52 2 86 45 43 93
Cooki
es
Peanu
t 38, 85,1 166, 251,9 26,9 224,9 224,94 233,9 243,2 253,0 263,1
Butter 532 56 779 35 93 42 2 40 98 30 51
Cooki
es
Spritz
Cooki 37, 78,6 166, 245,5 26,3 219,2 219,26 228,0 237,1 246,6 256,5
es 050 70 910 80 12 68 8 39 61 47 13
Kiss
Cooki 37, 86,6 150, 237,2 25,4 211,8 211,82 220,2 229,1 238,2 247,8
es 050 97 547 44 19 25 5 98 10 74 05
Juice
6,2 74,88 8,02 66,85 66,857 69,53 72,31 75,20 78,21
40 0 3 7 1 2 4 2
Milk
3,1 71,76 7,68 64,07 64,071 66,63 69,29 72,07 74,95
20 0 9 1 4 9 1 4
Coffee
4,6 70,20 7,52 62,67 62,679 65,18 67,79 70,50 73,32
80 0 1 9 6 3 5 5
Tea
1,5 15,60 1,67 13,92 13,929 14,48 15,06 15,66 16,29
60 0 1 9 6 5 8 5
TOTA ####
L 1,194 128, 1,066, 1,066,9 1,109 1,153 #### 1,248
,952 030 923 23 ,600 ,983 ,148

No. of 95
Dema
nd

6 12
pcs pcs
Choco 54% 46% 24%
late
Chips
Peanu 51% 49% 26%
t
Butter
Kisses 49% 51% 25%

Spritz 54% 46% 25%

Cooki
es
100%

Total
Cookies 500
produced
per day
Dema 95%
nd
Perce
ntage
Total
Cookies to 475
be produced
per day
Weekly
Production 2,85
of Cookies 0
Yearly
Produ 148,
ction 200
of
Cooki
es

Percentage
Distribution of Sales
Demand
Juice 26% 20 120
6,240
Milk 25% 10 60
3,120
Coffee 26% 15 90
4,680
Tea 23% 5 30
1,560

SALES

The data demonstrate that five years later, product sales are still rising.

STATEMENT OF PARTNERS EQUITY

SWEET BAKED COOKIES

Batobato, San Isidro, Davao Oriental
STATEMENT OF PARTNERS' EQUITY
For the year ended December 31 2024-2028

2024 2025 2026 2027 2028

 Partners' Capital Beg. ₱ ₱ ₱ ₱ ₱
- 802,077 902,819 1,022,555 1,162,051

Add: Capital Investment

Portrias,
Capital 90,000
Sayon,
Capital 90,000
Masillones,
Capital 90,000
Mahinay,
Capital 90,000
Estodillo,
Capital 90,000
Anislag,
Capital 90,000
Quintua,
Capital 90,000
Elesio,
Capital 90,000

Income/
(Loss) 82,077 100,740 119,736 139,495 160,042

Partners' Capital End

Portrias,
Capital 100,260 112,852 127,819 145,256 165,261
Sayon,
Capital 100,260 112,852 127,819 145,256 165,261
Masillones,
Capital 100,259 112,852 127,819 145,256 165,261
Mahinay,
Capital 100,259 112,852 127,819 145,256 165,261
Estodillo,
Capital 100,259 112,852 127,819 145,256 165,261
Anislag,
Capital 100,260 112,853 127,820 145,257 165,261
Quintua,
Capital 100,260 112,853 127,820 145,257 165,261
Elesio,
Capital 100,260 112,853 127,820 145,257 165,262
₱ ₱ ₱ ₱ ₱
802,077 902,819 1,022,555 1,162,051 1,322,089

STATEMENT OF PARTNERS EQUITY

The table displays the partners' equity as well as changes to the total partners' capital throughout the

course of an accounting period. It demonstrates the growth of accounts over the 2024–2028 financial term.

EMPLOYEE BENEFITS

Employ Monthly No. of Total Salary Pag- SS Philhealt

ee Basic Employ for the Year Ibig S h
Salary ee

Baker 2 200
10,000 240,000 100.0 850
0
EMPLOYEE BENEFITS

This table demonstrates that in addition to receiving benefits like PhilHealth, SSS, and Pag-ibig, bakers

also receive a basic monthly salary.

SUPPLIES

Item U Pric Tot VA Price 202 202 202 202 202

ni e al T (Net 4 5 6 7 8
t Pric of
e VAT)
Bulb 6 179
1,0 11 959 959 997 1,0 1,0 1,1
74 5 37 78 21
Rug 1 105
5 1,5 16 1,406 1,4 1,4 1,5 1,5 1,6
75 9 06 62 20 81 44
Serving 7 125
Tray 875 94 781 781 812 844 878 913
Plates 5 25
0 1,2 13 1,116 1,1 1,1 1,2 1,2 1,3
50 4 16 61 07 55 05
Coffee 3 60
Cup/ 0 1,8 19 1,607 1,6 1,6 1,7 1,8 1,8
Glass 00 3 07 71 38 08 80
Stainless 5 12
fork and 0 600 64 536 536 557 579 602 626
spoon
Aprons 2 120
240 26 214 214 223 232 241 251
Cooking 3 186
Pot 558 60 498 498 518 539 561 583
Pitcher/ 5 101
Jog 505 54 451 451 469 488 508 528
Knife 5 130
650 70 580 580 603 627 652 678
Baking 1 499
parchmen 499 53 446 446 464 483 502 522
t
Baking 1 480
tins 480 51 429 429 446 464 483 502
Cooling 1 739
Rack 9 7,3 79 6,606 6,6 6,8 7,1 7,4 7,7
99 3 06 70 45 31 28
Cutters 3 143
429 46 383 383 398 414 431 448
Dredger/ 3 116
Shaker 348 37 311 311 323 336 349 363
Food 1 154
mixer 90 15, 1,6 13,83 13, 14, 14, 15, 16,
490 60 0 830 383 958 556 178
Food 1 100
Processor 0 1,0 10 893 893 929 966 1,0 1,0
00 7 05 45
Greasepr 1 420
oof Paper 420 45 375 375 390 406 422 439
Measurin 1 289
g cup 9 2,8 31 2,588 2,5 2,6 2,8 2,9 3,0
99 1 88 92 00 12 28
Marzipan 1 468
spacers 468 50 418 418 435 452 470 489
Measurin 1 199
g spoon 199 21 178 178 185 192 200 208
Mixing 2 112
bowls 224 24 200 200 208 216 225 234
Pastry 1 210
brush 210 22 188 188 196 204 212 220
Palette 1 72
Knife 72 8 64 64 67 70 73 76
Rolling 1 247
pin 247 26 221 221 230 239 249 259
Scale 1 130
1 1,3 13 1,162 1,1 1,2 1,2 1,3 1,3
01 9 62 08 56 06 58
Sieve 1 870
870 93 777 777 808 840 874 909
Spatula 1 69
69 7 62 62 64 67 70 73
Whisks 1 175
175 19 156 156 162 168 175 182
Food 1 79
Storage 79 8 71 71 74 77 80 83
Clock 3 250
750 80 670 670 697 725 754 784
Brown 5 79
paper 395 42 353 353 367 382 397 413
bags
Stirrer 3 42
126 13 113 113 118 123 128 133
Table 9 12
napkin/ 5 1,1 12 1,018 1,0 1,0 1,1 1,1 1,1
Tissue 40 2 18 59 01 45 91
Dust pan 3 102
306 33 273 273 284 295 307 319
Stick 2 15
broom 30 3 27 27 28 29 30 31
Vacuum 1 250
cleaner 0 2,5 26 2,232 2,2 2,3 2,4 2,5 2,6
00 8 32 21 14 11 11
Tissue 1 442
dispenser 2 5,3 56 4,736 4,7 4,9 5,1 5,3 5,5
04 8 36 25 22 27 40
Soft 3 70
broom 210 22 188 188 196 204 212 220
Wall 1 588
decoratio 0 5,8 63 5,250 5,2 5,4 5,6 5,9 6,1
n 80 0 50 60 78 05 41

58, 6,2 52,36 52, 54, 56, 58, 61,

646 80 6 366 460 637 905 256

Bulbs
(23W) 2 179 358 38 320 320 333 346 360 374
.00
Trash Bin
3 99. 297 32 265 265 276 287 298 310
00
Clock
1 250 250 27 223 223 232 241 251 261
 .00
Ballpen
2 10. 20 2 18 18 19 20 21 22
00
Sticker
paper 1 55. 825 88 737 737 766 797 829 862
5 00
Bondpape
r 1 205 2,4 26 2,196 2,1 2,2 2,3 2,4 2,5
2 .00 60 4 96 84 75 70 69
Bulletin
Board 1 780 780 84 696 696 724 753 783 814
.00

4,9 53 4,455 4,4 4,6 4,8 5,0 5,2

90 5 55 34 19 12 12

63, 6,8 56,82 56, 59, 61, 63, 66,

636 15 1 821 094 456 917 468

Inflation 4%
Rate

SUPPLIES

The table demonstrates that, after five years, the company's supplies are growing.

PURCHASES

Prod Ingred Un Pri Total Inp Purch 202 202 202 202 202
uct ients its ce Purch ut ases 4 5 6 7 8
ases VA (exclu
T ding
VAT)
Choc All- 71
olate purpos 1 50 35,56 3,8 31,75 31,7 33,0 34,3 35,7 37,1
Chips e flour 8 11 7 57 27 48 22 51
Cooki
es
Baking 71
soda 1 4 2,845 305 2,541 2,54 2,64 2,74 2,85 2,97
1 3 9 9 3
Salt 71
1 1 711 76 635 635 660 686 713 742
Butter 71
1 55 39,12 4,1 34,93 34,9 36,3 37,7 39,2 40,8
5 92 3 33 30 83 94 66
Sugar 71
1 3 2,134 229 1,905 1,90 1,98 2,06 2,14 2,22
5 1 0 2 8
Eggs 71
1 15 10,67 1,1 9,527 9,52 9,90 10,3 10,7 11,1
0 43 7 8 04 16 45
Vanilla 71
1 8 5,691 610 5,081 5,08 5,28 5,49 5,71 5,94
1 4 5 5 4
Semi- 71
sweet 1 15 10,67 1,1 9,527 9,52 9,90 10,3 10,7 11,1
 chocol 0 43 7 8 04 16 45
ate
chips
Pean All- 77
ut purpos 1 50 38,53 4,1 34,40 34,4 35,7 37,2 38,6 40,2
Butte e flour 2 28 4 04 80 11 99 47
r
Cooki
es
Peanut 77
Butter 1 55 42,38 4,5 37,84 37,8 39,3 40,9 42,5 44,2
5 41 4 44 58 32 69 72
Salt 77
1 1 771 83 688 688 716 745 775 806
Vanilla 77
1 8 6,165 661 5,505 5,50 5,72 5,95 6,19 6,44
5 5 4 2 0
Brown 77
sugar 1 3 2,312 248 2,064 2,06 2,14 2,23 2,32 2,41
4 7 3 2 5
Eggs 77
1 15 11,56 1,2 10,32 10,3 10,7 11,1 11,6 12,0
0 39 1 21 34 63 10 74
Baking 77
soda 1 4 3,083 330 2,752 2,75 2,86 2,97 3,09 3,21
2 2 6 5 9
Spritz All- 74
Cooki purpos 1 50 37,05 3,9 33,08 33,0 34,4 35,7 37,2 38,6
es e flour 0 70 0 80 03 79 10 98
Butter 74
1 55 40,75 4,3 36,38 36,3 37,8 39,3 40,9 42,5
5 67 8 88 44 58 32 69
Salt 74
1 1 741 79 662 662 688 716 745 775
Eggs 74
1 15 11,11 1,1 9,924 9,92 10,3 10,7 11,1 11,6
5 91 4 21 34 63 10
Vanilla 74
1 8 5,928 635 5,293 5,29 5,50 5,72 5,95 6,19
3 5 5 4 2
Food 74
Colorin 1 2 1,482 159 1,323 1,32 1,37 1,43 1,48 1,54
g 3 6 1 8 8
Raisin 74
s 1 15 11,11 1,1 9,924 9,92 10,3 10,7 11,1 11,6
5 91 4 21 34 63 10
Candie 74
s 1 10 7,410 794 6,616 6,61 6,88 7,15 7,44 7,74
6 1 6 2 0
Chopp 74
ed 1 15 11,11 1,1 9,924 9,92 10,3 10,7 11,1 11,6
Nuts 5 91 4 21 34 63 10
Fruit 74
Peel 1 15 11,11 1,1 9,924 9,92 10,3 10,7 11,1 11,6
5 91 4 21 34 63 10
Kiss All- 74
Cooki purpos 1 50 37,05 3,9 33,08 33,0 34,4 35,7 37,2 38,6
es e flour 0 70 0 80 03 79 10 98
Brown 74
sugar 1 3 2,223 238 1,985 1,98 2,06 2,14 2,23 2,32
5 4 7 3 2
 Eggs 74
1 15 11,11 1,1 9,924 9,92 10,3 10,7 11,1 11,6
5 91 4 21 34 63 10
Chocol 74
ate 1 50 37,05 3,9 33,08 33,0 34,4 35,7 37,2 38,6
Candie 0 70 0 80 03 79 10 98
s
Kisses
Baking 74
soda 1 4 2,964 318 2,646 2,64 2,75 2,86 2,97 3,09
6 2 2 6 5
TOTA
L 440,4 47, 393,2 393, 408, 425, 442, 460,
50 194 57 257 987 345 354 052

PURCHASES

The table demonstrates that there will be an increase in business purchases from 2024 to 2028.

INITIAL COSTING

Taxes and Licenses

3,405
Property, Plant and Equipment/ Fixed Assets

Building
560,000
Production Equipment
28,917
Office Equipment
25,943
Furnitures and Fixtures - Production
20,440
Furnitures and Fixtures - Selling and Admin
6,140
Initial Operating Cost Requirements for 1 month

Raw Materials Purchases

32,771
Rent Expense
7,000
Salaries and Wages and Labor
10,000
SSS Premium Contribution
850
PhilHealth Premium Contribution
200
Pag-Ibig Contribution
100
Advertising and Promotion Expenses
5,000
Office Supplies Expenses
371
Printing Expenses
3,000
Communications Expenses
1,800
Utilities Expenses
5,000 66,093
TOTAL INITIAL PROJECT ₱707,533

PLANT AND EQUIPMENT FURNITURE AND FIXTURES

 PLANT and EQUIPMENT

Building
Asset Type Total Input Price after Useful Annual VAT
Price Vat Vat Life Depreciation Rate
(Year)
Building 10 12%
560,00 60,000 500,000 50,000
0
TOTAL
560,00 60,000 500,000 50,000
0

Production
Equipment
Asset Type Total Input Price after Useful Annual VAT
Price Vat Vat Life Depreciation Rate
(Year)
Refrigerator 5 12%
10,136 1,086 9,050 1,810
Juice Machine 5 12%
Dispenser 2,800 300 2,500 500
Airconditioner 5 12%
6,719 720 5,999 1,200
Water 5 12%
Dispenser 1,422 152 1,270 254
Big Oven 5 12%
7,840 840 7,000 1,400
TOTAL
28,917 3,098 25,819 5,164
Office
Equipment
Asset Type Total Input Price after Useful Annual VAT
Price Vat Vat Life Depreciation Rate
(Year)
Computer set 5 12%
13,440 1,440 12,000 2,400
Fire 5 12%
extinguisher 1,120 120 1,000 200
Printer 5 12%
7,834 839 6,995 1,399
CCTV 5 12%
3,549 380 3,169 634
TOTAL
25,943 2,780 23,163 4,633

FURNITURE and FIXTURES

Production
Asset Type Total Input Price after Useful Annual
Price Vat Vat Life Depreciation
(Year)
Cashier Desk 5 12%
1,646 176 1,470 294
Chairs 5 12%
1,660 178 1,482 296
Tables 5 12%
4,480 480 4,000 800
Food Display 5 12%
8,400 900 7,500 1,500
Kitchen Sink 5 12%
 2,160 231 1,929 386
Wash Basin 5 12%
2,094 224 1,870 374
TOTAL
20,440 2,190 18,250 3,650

Selling and
Admin
Asset Type Total Input Price after Useful Annual
Price Vat Vat Life Depreciation
(Year)
Chairs 5 12%
1,660 178 1,482 296
Tables 5 12%
4,480 480 4,000 800
TOTAL
6,140 658 5,482 1,096

INCOME STATEMENT

SWEET BAKED COOKIES

Batobato, San Isidro, Davao Oriental

STATEMENT OF FINANCIAL PERFORMANCE

For the year ended December 31 2024-2028

Not 2024 2025 2026 2027 2028

es
SAL 9 ₱ ₱ ₱ ₱ ₱
ES 1,066, 1,109, 1,153, 1,200, 1,248,
923 600 983 142 148
LESS: COST OF 10
SALES 835,93 851,66 868,02 885,03 902,73
7 7 5 4 2
LOSS BEFORE
SELLING AND 230,98 257,93 285,95 315,10 345,41
ADMIN EXPENSES 6 3 8 8 6
EXPENSES

Adverstising 11.2
and Promotion 5,000 5,100 5,202 5,306 5,412
Expense
Utilities 11.3
Expense 60,000 62,400 64,896 67,492 70,192
Taxes and 11.8
Licenses 3,405 2,905 2,905 2,905 2,905
Supplies 11.5
Expense 4,455 4,634 4,819 5,012 5,212
PhilHealth 11.1
Premium 1 2,400 2,400 2,400 2,400 2,400
Contribution
Pag Ibig 11.1
Contribution 2 1,200 1,200 1,200 1,200 1,200
SSS Premium 11.1
Contribution 3
 10,200 10,200 10,200 10,200 10,200
Depreciation 11.1
on Selling & 4 5,729 5,729 5,729 5,729 5,729
Administrative
Dept.
Rent 11.1
Expenses 5 36,000 37,440 38,938 40,495 42,115
Total Expenses
128,38 132,00 136,28 140,73 145,36
9 8 9 9 5
EARNINGS BEFORE
INCOME TAX 102,59 125,92 149,67 174,36 200,05
7 5 0 9 2
Provision for Income 7.1
Tax 20,519 25,185 29,934 34,874 40,010
NET LOSS ₱ ₱ ₱ ₱ ₱
82,078 100,74 119,73 139,49 160,04
0 6 5 2

F.2 Horizontal Analysis

Statement of Financial Performance

Not 2024 2025 2026 2027 2028

es
SAL 100% 104% 104% 104% 104%
ES
LESS: COST OF 100% 102% 102% 102% 102%
SERVICE
GROSS PROFIT 100% 112% 111% 110% 110%

EXPENSES

Adverstising 100% 102% 102% 102% 102%

and Promotion
Expense
Utilities 100% 104% 104% 104% 104%
Expense
Taxes and 100% 85% 100% 100% 100%
Licenses
Supplies 100% 104% 104% 104% 104%
Expense
PhilHealth 100% 100% 100% 100% 100%
Premium
Contribution
Pag Ibig 100% 100% 100% 100% 100%
Contribution
SSS Premium 100% 100% 100% 100% 100%
Contribution
Depreciation 100% 100% 100% 100% 100%
on Selling &
Administrative
Dept.
Rent 100% 104% 104% 104% 104%
Expenses
Total 100% 103% 103% 103% 103%
Expenses
EARNINGS BEFORE 100% 123% 119% 117% 115%
INCOME TAX
 Provision for Income 0% 0% 0% 0% 0%
Tax
NET INCOME 100% 123% 119% 117% 115%

Vertical Analysis

Statement of Financial Performance

Not 2024 2025 2026 2027 2028

es
SAL 100.00 100.00 100.00 100.00 100.00
ES % % % % %
LESS: COST OF 78.35 76.75 75.22 73.74 72.33
SERVICE % % % % %
GROSS PROFIT 21.65 23.25 24.78 26.26 27.67
% % % % %
EXPENSES

Adverstising 0.47% 0.46% 0.45% 0.44% 0.43%

and Promotion
Expense
Utilities 5.62% 5.62% 5.62% 5.62% 5.62%
Expense
Taxes and 0.32% 0.26% 0.25% 0.24% 0.23%
Licenses
Supplies 0.42% 0.42% 0.42% 0.42% 0.42%
Expense
PhilHealth 0.22% 0.22% 0.21% 0.20% 0.19%
Premium
Contribution
Pag Ibig 0.11% 0.11% 0.10% 0.10% 0.10%
Contribution
SSS Premium 0.96% 0.92% 0.88% 0.85% 0.82%
Contribution
Depreciation 0.54% 0.52% 0.50% 0.48% 0.46%
on Selling &
Administrative
Dept.
Rent 3.37% 3.37% 3.37% 3.37% 3.37%
Expenses
Total 12.03 11.90 11.81 11.73 11.65
Expenses % % % % %
EARNINGS BEFORE 9.62% 11.35 12.97 14.53 16.03
INCOME TAX % % % %
Provision for Income 1.92% 2.27% 2.59% 2.91% 3.21%
Tax
NET INCOME 7.69% 9.08% 10.38 11.62 12.82
% % %

INCOME STATEMENT

The table demonstrates that the income statement's gross profit is rising as a result of the company's

smooth operation and productive results. In general, the company's net income has increased steadily during the

past five years. The company's net income demonstrates an upward trend for the business.
 IRR

Net Cash Flows PV Factors Net Present

Value
(720,000) 1
(720,000)
319,721 0.881218
281,744
241,637 0.776545
187,642
192,107 0.684305
131,460
212,182 0.603022
127,950
233,046 0.531393
123,839

132,635
21%

IRR

The table shows that as the weighted average cost of capital is decreasing, the internal rate of return
will increase. Because the higher the IRR the better the return of the investment in the company.

PAYBACK PERIOD

Perio Cash Investments Remaining Investment to

d Flows be recovered
0 - -
720,000 720,000
1 -
319,721 400,279
2 -
241,637 158,642
3
192,107 33,465
4
212,182 -
5
233,046 -

Payback Period is 1 year, 7 months

and 14 days.

PAYBACK PERIOD

The tables demonstrate that this company's payback period is 1 year, 7 months, and 14 days. This is

the time frame required to recoup the startup costs of the company.
 DISCOUNTED PAYBACK

Per PV Cas Pre Invest Remai

iod Factor h sent ments ning
Flo Valu Invest
ws e of ment
Cas to be
h recove
Flo red
ws
0 1 - -
720,000 720,00
0
1 0.89790 -
7875 319, 287, 432,92
721 080 0
2 0.80623 -
8551 241, 194, 238,10
637 817 3
3 0.72392 -
7944 192, 139, 99,031
107 072
4 0.65002
0602 212, 137, -
182 923
5 0.58365
8617 233, 136, -
046 020

Discounted Payback Period

is 2 years, 2 months and 12
days.

DISCOUNTED PAYBACK

The tables demonstrate that this company's payback period is 2 years, 2 months, and 12 days. This is

the time frame required to recoup the startup costs of the company.

WACC

Cost of 0.00%
Debt
After Tax 0.00%
Cost of
Debt
Percentage of 0.00%
Debt Financing
Plus:
Cost of 11.37%
Equity
Percentage of 100.00
Equity Financing %
WACC 11.37%
 Capital
Structure
Partners' 720,000
Contributio
n
Loan 0
Total 720,000

WACC

The table shows that Weight Average Cost of Capital is decrease. It is more likely to earn higher rate of
return on its investment.

NET PRESENT VALUE

Perio PV Factor Cash Flows Net Present Value

d

0 1 - -
720,000 720,000
1 0.897907875
319,721 287,080

2 0.806238551
241,637 194,817

3 0.723927944
192,107 139,072

4 0.650020602
212,182 137,923

5 0.583658617
233,046 136,020

Total Net Present Value

174,911

NET PRESENT VALUE

Given that the NPV is positive, the Net Present Value demonstrates the project's feasibility. It will keep

rising every year for the following five years.