COZY CONNECTIONS STUDY HUB

WORKING CAPITAL (2 MONTHS)

Direct Materials 2,367.33
Salaries 162,292.00
Employee Benefits 36,650.94
Utilities 19,660.00
Operating Supplies 17,326.00
Prepaid Rent 195,000.00
Rent Expense 130,000.00
Other Supplies 12,480.33
Taxes and Licenses 17,726.75
Advertising 1,233.33
Pre-operating Expenses 7,700.00
Working Capital 602,436.69

COZY CONNECTIONS STUDY HUB

INITIAL PROJECT COST
Working Capital 602,436.69
Leasehold Improvement 100,000.00
Acquisition of PPE 258,722.60
Acquisition of Furniture & Fixtures 290,303.00
Total Initial Project Cost 1,251,462.29

COZY CONNECTIONS STUDY HUB

SOURCE OF FINANCING
Partners Capital Contribution
Bustamante 260,000.00
Salde 260,000.00
Nacional 260,000.00
Lorenzo 260,000.00
Etil 260,000.00
Total Partnership Capital 1,300,000.00
 COZY CONNECTIONS
Financial Assum
All operating expenses and selling prices and rateswill increase by 5% yearly to account for economi
Schedule 1 Percentage of projected annual customers/room for solo (cubicle) is 70% in 2024; for sharing (functi
Schedule 4.2 Useful life of Machinery & Equipment is 10 years.
Schedule 4.3 70% of the Operating Supplies will be used for the year.
Schedule 5 60% of the Other Supplies will be used for the year.
Schedule 8 Useful life of Office Equipment is 8 years, Other Equipment is 6 years.
Schedule 9 Useful life of Furniture and Fixtures is 10 years.
Schedule 13 Useful life of Leasehold Improvement is 12 years.
Note 7 One month employee benefits remain unpaid.
Note 8 One month utilities remain unpaid.
Note 12 Corporate tax rate is 25%
All partners will have an equal captial contribution amounting to Php 252,000 each. They will likewi
SCE share to the net income result of their operations. Moreover, all partners will likewise withdraw equa
of Php 30,000 in 2024 and their withdrawals will increase by 40% yearly.
 COZY CONNECTIONS STUDY HUB
Financial Assumptions
early to account for economic fluctuations (inflation rate)
% in 2024; for sharing (function hall) is 60% in 2024; for conference room is 50% in 2024. All will increase by 5% yearly.

2,000 each. They will likewise equally

will likewise withdraw equal amounts
y.
UDY HUB
ns
ctuations (inflation rate)
ll) is 60% in 2024; for conference room is 50% in 2024. All will increase by 5% yearly.

ually
unts
 Schedule 1: Annual Projected Customers & Un

Projected Customers
Solo (Cubicle)
No. of solo cubicles
Multiply by: number of operating days per week
Weekly capacity
Multiply by: number of weeks per month
Monthly capacity
Multiply by: number of months per year
Annual Capacity
Multiply by: % of Cubicles expected to be occupied
Annual no. of customers
Sharing (Function Hall)
No. of capacity for sharing area
Multiply by: number of operating days per week
Weekly capacity
Multiply by: number of weeks per month
Monthly capacity
Multiply by: number of months per year
Annual Capacity
Multiply by: % of sharing area expected to be occupied
Annual no. of customers
Conference Room
No. of Conference Room
Multiply by: number of operating days per week
Weekly capacity
Multiply by: number of weeks per month
Monthly capacity
Multiply by: number of months per year
Annual Capacity
Multiply by: % of times the conference room is expected to be booked
Annual no. of times conference room is booked
Total Annual Projected Customers/Frequency Conference Room is booked
Projected Units/Pages (Printing Services)
B&W Print
Daily no. of pages expected to be printed
Multiply by: number of days per week
No. of pages printed per week
Multiply by: number of weeks per month
No. of pages printed per month
Multiply by: number of months per year
Annual pages expected to be printed per year - B&W Print
Colored Print
Daily no. of pages expected to be printed
Multiply by: number of days per week
No. of pages printed per week
Multiply by: number of weeks per month
No. of pages printed per month
Multiply by: number of months per year
Annual pages expected to be printed per year - Colored Print
Total Annual Projected pages expected to be printed and sold

Schedule 2: Direct Materials

Short bond paper - 500pages/ream - Php 175/ream

Long bond paper - 500pages/ream - Php 268/ream
A4 bond paper - 500pages/ream - Php 188/ream
Printer ink - Php 730/pc
Total Direct Material Cost

Schedule 3: Direct Labor

Operational Manager
Monthly Salary
Multiply by: Number of months
Annual Salary Expense
SSS Contribution (9.5%)
PhilHealth Contribution (2.75%)
Pag-Ibig Contribution (2%)
13th Month Pay
Annual Employee Benefits
Annual Direct Labor - Operational Manager
Cashier
Monthly Salary
Multiply by: Number of months
Annual Salary Expense
SSS Contribution (9.5%)
PhilHealth Contribution (2.75%)
Pag-Ibig Contribution (2%)
13th Month Pay
Annual Employee Benefits
Annual Direct Labor - Cashier
Part Timer Workers
Monthly Salary
Multiply by: Number of workers
Multiply by: Number of months
Annual Salary Expense
SSS Contribution (9.5%)
PhilHealth Contribution (2.75%)
Pag-Ibig Contribution (2%)
13th Month Pay
Annual Employee Benefits
Annual Direct Labor - Part Timer Workers
Total Direct Labor

Schedule 4: Overhead
Schedule
Utilities Expense 4.1
Depreciation Expense - Machinery & Equipment 4.2
Operating Supplies Expense 4.3
Rent Expense 4.4
Factory Overhead

Schedule 4.1: Utilities Expense

Water
Electricity
Telephone & Internet
Utility Expense

Schedule 4.2: Depreciation Expense - Machinery & Equipment

Total cost of Machinery & Equipment
Divided by: Useful Life
Depreciation Expense - Machinery & Equipment

Schedule 4.3: Operating Supplies

Snack Supplies
Black coffee/coffee beans
Sugar
Creamer
Stirrer
Peanuts
Total
Printing Supplies
Bond paper (long)
Bond paper (short)
Bond paper (a4)
Printer Ink
Total
Total purchased Operating Supplies
Operating Supplies, beg.
Assumption: 70% supplies used
Production Supplies, end

Schedule 4.5: Rent Expense

Monthly Rental Fee
Multiply by: number of months per year
Annual Rent Expense
jected Customers & Units
2024 2025 2026 2027 2028

15 15 15 15 15
6 6 6 6 6
90 90 90 90 90
4 4 4 4 4
360 360 360 360 360
12 12 12 12 12
4,320 4,320 4,320 4,320 4,320
70% 75% 80% 85% 90%
3,024 3,240 3,456 3,672 3,888

24 24 24 24 24
6 6 6 6 6
144 144 144 144 144
4 4 4 4 4
576 576 576 576 576
12 12 12 12 12
6,912 6,912 6,912 6,912 6,912
60% 65% 70% 75% 80%
4,147 4,493 4,838 5,184 5,530

1 1 1 1 1
6 6 6 6 6
6 6 6 6 6
4 4 4 4 4
24 24 24 24 24
12 12 12 12 12
288 288 288 288 288
50% 55% 60% 65% 70%
144 158 173 187 202
7,315 7,891 8,467 9,043 9,619

40 45 50 55 60
6 6 6 6 6
240 270 300 330 360
4 4 4 4 4
960 1,080 1,200 1,320 1,440
12 12 12 12 12
11,520 12,960 14,400 15,840 17,280

20 25 30 35 40
 6 6 6 6 6
120 150 180 210 240
4 4 4 4 4
480 600 720 840 960
12 12 12 12 12
5,760 7,200 8,640 10,080 11,520
17,280 20,160 23,040 25,920 28,800

Direct Materials
2024 2025 2026 2027 2028
700.00 700.00 700.00 700.00 700.00
1,072 1,072 1,072 1,072 1,072
752.00 752.00 752.00 752.00 752.00
11,680.00 11,680.00 11,680.00 11,680.00 11,680.00
14,204.00 14,914.20 15,659.91 16,442.91 17,265.05

Direct Labor
2024 2025 2026 2027 2028

24,310.00 25,525.50 26,801.78 28,141.86 29,548.96

12 12 12 12 12
291,720.00 306,306.00 321,621.30 337,702.37 354,587.48
27,713.40 29,099.07 30,554.02 32,081.72 33,685.81
8,022.30 8,423.41 8,844.59 9,286.82 9,751.16
5,834.40 6,126.12 6,432.43 6,754.05 7,091.75
24,310.00 25,525.50 26,801.78 28,141.86 29,548.96
65,880.10 69,174.11 72,632.81 76,264.45 80,077.67
357,600.10 375,480.11 394,254.11 413,966.82 434,665.16

16,120.00 16,926.00 17,772.30 18,660.92 19,593.96

12 12 12 12 12
193,440.00 203,112.00 213,267.60 223,930.98 235,127.53
18,376.80 19,295.64 20,260.42 21,273.44 22,337.12
5,319.60 5,585.58 5,864.86 6,158.10 6,466.01
3,868.80 4,062.24 4,265.35 4,478.62 4,702.55
16,120.00 16,926.00 17,772.30 18,660.92 19,593.96
43,685.20 45,869.46 48,162.93 50,571.08 53,099.63
237,125.20 248,981.46 261,430.53 274,502.06 288,227.16

9,360.00 9,828.00 10,319.40 10,835.37 11,377.14

2 2 2 2 2
12 12 12 12 12
224,640.00 235,872.00 247,665.60 260,048.88 273,051.32
21,340.80 22,407.84 23,528.23 24,704.64 25,939.88
6,177.60 6,486.48 6,810.80 7,151.34 7,508.91
 4,492.80 4,717.44 4,953.31 5,200.98 5,461.03
18,720.00 19,656.00 20,638.80 21,670.74 22,754.28
50,731.20 53,267.76 55,931.15 58,727.71 61,664.09
275,371.20 289,139.76 303,596.75 318,776.59 334,715.41
870,096.50 913,601.33 959,281.39 1,007,245.46 1,057,607.73

4: Overhead
2024 2025 2026 2027 2028
117,960.00 123,858.00 130,050.90 136,553.45 143,381.12
13,028.90 13,028.90 13,028.90 13,028.90 13,028.90
72,769.20 98,238.42 109,699.57 117,149.32 123,596.21
780,000.00 819,000.00 859,950.00 902,947.50 948,094.88
983,758.10 1,054,125.32 1,112,729.37 1,169,679.16 1,228,101.10

2024 2025 2026 2027 2028

9,960.00 10,458.00 10,980.90 11,529.95 12,106.44
78,000.00 81,900.00 85,995.00 90,294.75 94,809.49
30,000.00 31,500.00 33,075.00 34,728.75 36,465.19
117,960.00 123,858.00 130,050.90 136,553.45 143,381.12

2024 2025 2026 2027 2028

130,289.00 130,289.00 130,289.00 130,289.00 130,289.00
10 10 10 10 10
13,028.90 13,028.90 13,028.90 13,028.90 13,028.90

2024 2025 2026 2027 2028

24,300.00 25,515.00 26,790.75 28,130.29 29,536.80

18,000.00 18,900.00 19,845.00 20,837.25 21,879.11
6,480.00 6,804.00 7,144.20 7,501.41 7,876.48
2,376.00 2,494.80 2,619.54 2,750.52 2,888.04
10,200.00 10,710.00 11,245.50 11,807.78 12,398.16
61,356.00 64,423.80 67,644.99 71,027.24 74,578.60

12,300.00 12,915.00 13,560.75 14,238.79 14,950.73

10,500.00 11,025.00 11,576.25 12,155.06 12,762.82
11,100.00 11,655.00 12,237.75 12,849.64 13,492.12
8,700.00 9,135.00 9,591.75 10,071.34 10,574.90
42,600.00 44,730.00 46,966.50 49,314.83 51,780.57
103,956.00 109,153.80 114,611.49 120,342.06 126,359.17
0.00 31,186.80 42,102.18 47,014.10 50,206.85
72,769.20 98,238.42 109,699.57 117,149.32 123,596.21
31,186.80 42,102.18 47,014.10 50,206.85 52,969.81

2024 2025 2026 2027 2028

 65,000 68,250.00 71,662.50 75,245.63 79,007.91
12 12 12 12 12
780,000.00 819,000.00 859,950.00 902,947.50 948,094.88
 Schedule 5: Other Supplies (Sanitary, Office & Medical

Office Supplies
Official Receipts
Logbook
Ballpen
Bondpaper
Staple wire
Filing Folder
Fastener
Total
Cleaning Supplies
Air Freshener
Liquid hand soap
Detergent powder
Garbage bag
Sponge
Mineral Water
Rugs
Total
Comfort Room Supplies
Tissue
Alcohol
Liquid hand soap
Total
Medical Supplies
Medicines
Gaza
Alcohol
First aid kit
Triangular Bandage
Total
Total purchased Other Supplies
Other Supplies, beg.
Assumption: 60% other supplies used
Other Supplies, end

Schedule 6: Taxes and Licenses

SEC Registration
BIR Registration
Business Permits & Clearances (Municipal Level)
Taxes and Licenses

Schedule 7: Advertising Expense

Colored Leaflets
Tarpaulins
Loyalty Card
Advertising Expense

Schedule 8: Depreciation Expense - Non-operating Equ

Total Cost of Office Equipment

Divided by: Useful Life
Depreciation Expense - Office Equipment
Total Cost of Other Equipment
Divided by: Useful Life
Depreciation Expense - Other Equipment
Total Depreciation Expense - Non-operating Equipment

Schedule 9: Depreciation Expense - Furniture and Fix

Furniture and Fixture

Divided by: Useful Life
Total Depreciation Expense - Furniture and Fixture

Schedule 10: Salary Expense - Manager

Monthly Salary
Multiply by: Number of months
Annual Salary - Managing Partner

Schedule 11: Employee Benefits Expense - Manag

SSS Contribution
PhilHealth Contribution
Pag-Ibig Contribution
13th Month Pay
Employee Benefits Expense - Manager

Schedule 12: Pre-operating Expenses

Cashier Uniform
Store Manager Uniform
Operational Manager Uniform
Part timer Uniform
I.D
Feasibility Study
Total Pre-operating Expenses

Schedule 13: Depreciation Expense - Leasehold Impro

Leasehold Improvement (Repainting, Woodworks for partitions, ceiling, door & reconstruction of wi
Divided by: Useful Life
Total Depreciation Expense - Leasehold Improvement
anitary, Office & Medical Supplies)
2024 2025 2026 2027 2028

21,000.00 22,050.00 23,152.50 24,310.13 25,525.63

510.00 535.50 562.28 590.39 619.91
1,600.00 1,680.00 1,764.00 1,852.20 1,944.81
2,686.00 2,820.30 2,961.32 3,109.38 3,264.85
318.00 333.90 350.60 368.12 386.53
6,600.00 6,930.00 7,276.50 7,640.33 8,022.34
84.00 88.20 92.61 97.24 102.10
32,798.00 34,437.90 36,159.80 37,967.78 39,866.17

1,188.00 1,247.40 1,309.77 1,375.26 1,444.02

2,160.00 2,268.00 2,381.40 2,500.47 2,625.49
960.00 1,008.00 1,058.40 1,111.32 1,166.89
720.00 756.00 793.80 833.49 875.16
240.00 252.00 264.60 277.83 291.72
6,300.00 6,615.00 6,945.75 7,293.04 7,657.69
5,370.00 5,638.50 5,920.43 6,216.45 6,527.27
16,938.00 17,784.90 18,674.15 19,607.85 20,588.24

1,560.00 1,638.00 1,719.90 1,805.90 1,896.19

6,240.00 6,552.00 6,879.60 7,223.58 7,584.76
9,552.00 10,029.60 10,531.08 11,057.63 11,610.52
17,352.00 18,219.60 19,130.58 20,087.11 21,091.46

3,816.00 4,006.80 4,207.14 4,417.50 4,638.37

540.00 567.00 595.35 625.12 656.37
348.00 365.40 383.67 402.85 423.00
2,550.00 2,677.50 2,811.38 2,951.94 3,099.54
540.00 567.00 595.35 625.12 656.37
7,794.00 8,183.70 8,592.89 9,022.53 9,473.66
74,882.00 78,626.10 82,557.41 86,685.28 91,019.54
0.00 29,952.80 43,431.56 50,395.59 54,832.34
44,929.20 65,147.34 75,593.38 82,248.52 87,511.13
29,952.80 43,431.56 50,395.59 54,832.34 58,340.75

axes and Licenses

2024 2025 2026 2027 2028
6,765.00 6,765.00 6,765.00 6,765.00 6,765.00
530.00 530.00 530.00 530.00 530.00
10,431.75 500.00 500.00 500.00 500.00
17,726.75 7,795.00 7,795.00 7,795.00 7,795.00

dvertising Expense
 2024 2025 2026 2027 2028
5,000.00 5,000.00 5,000.00 5,000.00 5,000.00
1,950.00 1,950.00 1,950.00 1,950.00 1,950.00
450.00 450.00 450.00 450.00 450.00
7,400.00 7,400.00 7,400.00 7,400.00 7,400.00

pense - Non-operating Equipment

2024 2025 2026 2027 2028
120,501.60 120,501.60 120,501.60 120,501.60 120,501.60
8 8 8 8 8
15,062.70 15,062.70 15,062.70 15,062.70 15,062.70
7,932.00 7,932.00 7,932.00 7,932.00 7,932.00
6 6 6 6 6
1,322.00 1,322.00 1,322.00 1,322.00 1,322.00
16,384.70 16,384.70 16,384.70 16,384.70 16,384.70

xpense - Furniture and Fixture

2024 2025 2026 2027 2028
290,303.00 290,303.00 290,303.00 290,303.00 290,303.00
10 10 10 10 10
29,030.30 29,030.30 29,030.30 29,030.30 29,030.30

ry Expense - Manager
2024 2025 2026 2027 2028
21,996.00 23,096 24,251 25,463 26,736
12 12 12 12 12
263,952.00 277,149.60 291,007.08 305,557.43 320,835.31

Benefits Expense - Manager

2024 2025 2026 2027 2028
25,075.44 26,329.21 27,645.67 29,027.96 30,479.35
7,258.68 7,621.61 8,002.69 8,402.83 8,822.97
5,279.04 5,542.99 5,820.14 6,111.15 6,416.71
21,996.00 23,095.80 24,250.59 25,463.12 26,736.28
59,609.16 62,589.62 65,719.10 69,005.05 72,455.31

-operating Expenses
2024 2025 2026 2027 2028
500.00 0.00 0.00 0.00 0.00
500.00 0.00 0.00 0.00 0.00
500.00 0.00 0.00 0.00 0.00
500.00 0.00 0.00 0.00 0.00
700.00 0.00 0.00 0.00 0.00
 5,000.00 0.00 0.00 0.00 0.00
7,700.00 0.00 0.00 0.00 0.00

xpense - Leasehold Improvement

2024 2025 2026 2027 2028
100,000.00 100,000.00 100,000.00 100,000.00 100,000.00
12 12 12 12 12
8,333.33 8,333.33 8,333.33 8,333.33 8,333.33
 Note 1: Cash
2024 2025
Cash 2,116,064.47 4,103,664.29
Total Cash 2,116,064.47 4,103,664.29

Note 2: Supplies
Schedule 2024 2025
Operational Supplies 4.3 31,186.80 42,102.18
Other Supplies 5 29,952.80 43,431.56
Total Supplies 61,139.60 85,533.74

Note 3: Prepaid Rent

2024 2025
Prepaid Rent 195,000.00 195,000.00
Total Prepaid Rent 195,000.00 195,000.00

Note 4: Furniture and Fixture, net

2024 2025
Conference Table with 12 chairs 235,308.00 235,308.00
Office chair 14,820.00 14,820.00
Round table with 4 chairs 200 8,999.00 8,999.00
Table with 2 chairs 8,312.00 8,312.00
Office Table with 2 chairs 4,292.00 4,292.00
Blinds 1,696.00 1,696.00
Bookshelf 3,996.00 3,996.00
Fuorescent Light 4,000.00 4,000.00
Desk lamp 3,750.00 3,750.00
Desk with drawer 2,390.00 2,390.00
White board 1,698.00 1,698.00
Mirror 1,042.00 1,042.00
Total Cost of Furniture and Fixture 290,303.00 290,303.00
Accumulated Depreciation - Furniture and Fixture 29,030.30 58,060.60
Furniture and Fixture, net 261,272.70 232,242.40

Note 5: Equipment, net

2024 2024 2025
Machinery and Equipment
Photocopy Machine 1000 40,950.00 40,950.00
Computer Set 200 11,985.00 11,985.00
Inverter Aircon 350 63,600.00 63,600.00
Coffee Maker 60 2,224.00 2,224.00
Printer/photocopier 12038 8,800.00 8,800.00
Water Dispenser 13648 2,730.00 2,730.00
Total Cost of Machinery & Equipment 130,289.00 130,289.00
Accumulated Depreciation - Machinery & Equipment 13,028.90 26,057.80
Machinery & Equipment, net 117,260.10 104,231.20
Office Equipment
Smart TV (32-inch) 13,298.00 13,298.00
Receipt printer 1,190.00 1,190.00
Cashbox with lock 680.00 680.00
Air Cooler 58,035.60 58,035.60
Fire extinguisher 2,500.00 2,500.00
Inverter Aircon 31,800.00 31,800.00
CCTV 12,998.00 12,998.00
Total Cost of Office Equipment 120,501.60 120,501.60
Accumulated Depreciation - Office Equipment 15,062.70 30,125.40
Office Equipment, net 105,438.90 90,376.20
Other Equipment
Padlocks 4,320.00 4,320.00
Mugs 2,100.00 2,100.00
Spoons 240.00 240.00
Puncher 555.00 555.00
Tape Dispenser 215.00 215.00
Calculator 350.00 350.00
Stapler 152.00 152.00
Dustpan 130.00 130.00
Broom 370.00 370.00
Toilet Brush 50.00 50.00
Door mat 200.00 200.00
Trashbins 750.00 750.00
Floor Mop 300.00 300.00
Books & Board Games 4,002.00 4,002.00
Total Cost of Other Equipment 7,932.00 7,932.00
Accumulated Depreciation - Other Equipment 1,322.00 2,644.00
Other Equipment, net 6,610.00 5,288.00
Total Equipment, net 229,309.00 199,895.40

Notes 6: Leasehold Improvement, net

2024 2025
Total Cost of Leasehold Improvement 100,000.00 100,000.00
Accumulated Depreciation - Leasehold Improvement 8,333.33 16,666.67
Leasehold Improvement, net 91,666.67 83,333.33

Note 7: Employee Benefits Payable

2024 2025
Total Employee Benefits - Direct Labor Employees 160,296.50 168,311.33
Employee Benefits paid: 11 months 146,938.46 154,285.38
Employee Benefits Payable - Direct Labor Employees 13,358.04 14,025.94

Total Employee Benefits - Manager 59,609.16 62,589.62

Employee Benefits paid: 11 months 54,641.73 57,373.82
Employee Benefits Payable - Manager 4,967.43 5,215.80
Total Employee Benefits Payable 18,325.47 19,241.75

Note 8: Utilities Payable

2024 2025
Total Annual Utilities Expense 117,960.00 123,858.00
Utilities paid: 11 months 108,130.00 113,536.50
Utilities payable 9,830.00 10,321.50
 COZY CONNECTIONS STUDY HUB
Projected Notes to Financial Statement
For the Years Ended December 2024-2028

2026 2027 2028

6,436,324.36 9,114,833.94 12,130,487.89
6,436,324.36 9,114,833.94 12,130,487.89

2026 2027 2028

47,014.10 50,206.85 52,969.81
50,395.59 54,832.34 58,340.75
97,409.69 105,039.19 111,310.56

2026 2027 2028

195,000.00 195,000.00 195,000.00
195,000.00 195,000.00 195,000.00

net
2026 2027 2028
235,308.00 235,308.00 235,308.00
14,820.00 14,820.00 14,820.00
8,999.00 8,999.00 8,999.00
8,312.00 8,312.00 8,312.00
4,292.00 4,292.00 4,292.00
1,696.00 1,696.00 1,696.00
3,996.00 3,996.00 3,996.00
4,000.00 4,000.00 4,000.00
3,750.00 3,750.00 3,750.00
2,390.00 2,390.00 2,390.00
1,698.00 1,698.00 1,698.00
1,042.00 1,042.00 1,042.00
290,303.00 290,303.00 290,303.00
87,090.90 116,121.20 145,151.50
203,212.10 174,181.80 145,151.50

2026 2027 2028

40,950.00 40,950.00 40,950.00

11,985.00 11,985.00 11,985.00
63,600.00 63,600.00 63,600.00
2,224.00 2,224.00 2,224.00
 8,800.00 8,800.00 8,800.00
2,730.00 2,730.00 2,730.00
130,289.00 130,289.00 130,289.00
39,086.70 52,115.60 65,144.50
91,202.30 78,173.40 65,144.50

13,298.00 13,298.00 13,298.00

1,190.00 1,190.00 1,190.00
680.00 680.00 680.00
58,035.60 58,035.60 58,035.60
2,500.00 2,500.00 2,500.00
31,800.00 31,800.00 31,800.00
12,998.00 12,998.00 12,998.00
120,501.60 120,501.60 120,501.60
45,188.10 60,250.80 75,313.50
75,313.50 60,250.80 45,188.10

4,320.00 4,320.00 4,320.00

2,100.00 2,100.00 2,100.00
240.00 240.00 240.00
555.00 555.00 555.00
215.00 215.00 215.00
350.00 350.00 350.00
152.00 152.00 152.00
130.00 130.00 130.00
370.00 370.00 370.00
50.00 50.00 50.00
200.00 200.00 200.00
750.00 750.00 750.00
300.00 300.00 300.00
4,002.00 4,002.00 4,002.00
7,932.00 7,932.00 7,932.00
3,966.00 5,288.00 6,610.00
3,966.00 2,644.00 1,322.00
170,481.80 141,068.20 111,654.60

net
2026 2027 2028
100,000.00 100,000.00 100,000.00
25,000.00 33,333.33 41,666.67
75,000.00 66,666.67 58,333.33

ble
2026 2027 2028
176,726.89 185,563.24 194,841.40
161,999.65 170,099.63 178,604.61
14,727.24 15,463.60 16,236.78

65,719.10 69,005.05 72,455.31

60,242.51 63,254.63 66,417.36
5,476.59 5,750.42 6,037.94
20,203.83 21,214.02 22,274.73

2026 2027 2028

130,050.90 136,553.45 143,381.12
119,213.32 125,173.99 131,432.69
10,837.58 11,379.45 11,948.43
 COZY CONNECTIONS STUDY HUB
Projected Notes to Financial Statement
For the Years Ended December 2024-2028

Note 9: Net Revenues

Schedule
Annual no. of customers - Solo (Cubicle) 1
Multiply by: Number of operating hours 5
Multiply by: Rate per hour
Annual Revenue - Solo (Cubicle)
Annual no. of customers - Sharing (Function Hall) 1
Multiply by: Number of operating hours 5
Multiply by: Rate per hour
Annual Revenue - Sharing (Function Hall) 1
Annual frequency of Conference Room was booked
Multiply by: Number of operating hours
Multiply by: Rate per hour 5
Annual Revenue - Conference Room
Total Revenues from Room Rental
Annual pages expected to be printed per year - B&W Print
Multiply by: Selling price per page
Annual Sales - B&W Print
Annual pages expected to be printed per year - Colored Print
Multiply by: Selling price per page
Annual Sales - Colored Print
Total Sales from Printing Service
Total Net Revenues

Note 10: Cost of Sales

Schedule
Direct Material 2
Direct Labor 3
Overhead 4
Total Cost of Sales

Note 11: Operating Expen

Schedule
Other Supplies Expense 5
Taxes and Licenses 6
Advertising Expense 7
Depreciation Expense - Non-operating Equipment 8
Depreciation Expense - Furniture and Fixtures 9
Salary Expense - Manager 10
Employee Benefit Expense - Manager 11
Pre-operating Expenses 12
Depreciation Expense - Leasehold Improvement 13
Total Operating Expense

Note 12: Income Tax Expe

Net Income before taxes

Multiply by: 25% corporate tax rate
Income Tax Expense
 Note 9: Net Revenues
2024 2025 2026 2027
3,024 3,240 3,456 3,672
15 15 15 15
₱40 ₱42 ₱44 ₱46
1,814,400.00 2,041,200.00 2,286,144.00 2,550,479.40
4,147 4,493 4,838 5,184
15 15 15 15
₱35 ₱37 ₱39 ₱41
2,177,280.00 2,476,656.00 2,800,526.40 3,150,592.20
144 158 173 187
15 15 15 15
₱300 ₱315 ₱331 ₱347
648,000.00 748,440.00 857,304.00 975,183.30
4,639,680.00 5,266,296.00 5,943,974.40 6,676,254.90
11,520 12,960 14,400 15,840
₱2.00 ₱2.00 ₱2.00 ₱2.00
23,040.00 25,920.00 28,800.00 31,680.00
5,760 7,200 8,640 10,080
₱5.00 ₱5.00 ₱5.00 ₱5.00
28,800.00 36,000.00 43,200.00 50,400.00
51,840.00 61,920.00 72,000.00 82,080.00
4,691,520.00 5,328,216.00 6,015,974.40 6,758,334.90

Note 10: Cost of Sales

2024 2025 2026 2027
14,204.00 14,914.20 15,659.91 16,442.91
870,096.50 913,601.33 959,281.39 1,007,245.46
983,758.10 1,054,125.32 1,112,729.37 1,169,679.16
1,868,058.60 1,982,640.85 2,087,670.67 2,193,367.53

Note 11: Operating Expense

2024 2025 2026 2027
44,929.20 65,147.34 75,593.38 82,248.52
17,726.75 7,795.00 7,795.00 7,795.00
7,400.00 7,400.00 7,400.00 7,400.00
16,384.70 16,384.70 16,384.70 16,384.70
29,030.30 29,030.30 29,030.30 29,030.30
263,952.00 277,149.60 291,007.08 305,557.43
59,609.16 62,589.62 65,719.10 69,005.05
7,700.00 0.00 0.00 0.00
 8,333.33 8,333.33 8,333.33 8,333.33
455,065.44 473,829.89 501,262.89 525,754.34

Note 12: Income Tax Expense

2024 2025 2026 2027
2,368,395.96 2,871,745.26 3,427,040.84 4,039,213.03
25% 25% 25% 25%
592,098.99 717,936.32 856,760.21 1,009,803.26
2028
3,888
15
₱49
2,835,532.98
5,530
15
₱43
3,528,663.26
202
15
₱365
1,102,707.27
7,466,903.51
17,280
₱2.00
34,560.00
11,520
₱5.00
57,600.00
92,160.00
7,559,063.51

2028
17,265.05
1,057,607.73
1,228,101.10
2,302,973.89

2028
87,511.13
7,795.00
7,400.00
16,384.70
29,030.30
320,835.31
72,455.31
0.00
 8,333.33
549,745.08

2028
4,706,344.55
25%
1,176,586.14
 COZY CONNECTIONS STUDY HUB
Projected Income Statement
For the Years Ended December 2024-2028

Note 2024
Net Revenues 9 4,691,520.00
Less: Cost of Sales 10 1,868,058.60
Gross Profit 2,823,461.40
Other Supplies Expense 5 44,929.20
Taxes and Licenses 6 17,726.75
Advertising Expense 7 7,400.00
Depreciation Expense - Non-operating Equipment 8 16,384.70
Depreciation Expense - Furniture and Fixtures 9 29,030.30
Salary Expense - Manager 10 263,952.00
Employee Benefit Expense - Manager 11 59,609.16
Pre-operating Expenses 12 7,700.00
Depreciation Expense - Leasehold Improvement 13 8,333.33
Less: Operating Expense 11 455,065.44
Net Income before taxes 2,368,395.96
Less: Income Tax (25%) 12 592,098.99
Net Income 1,776,296.97
NNECTIONS STUDY HUB
ted Income Statement
s Ended December 2024-2028

2025 2026 2027 2028

5,328,216.00 6,015,974.40 6,758,334.90 7,559,063.51
1,982,640.85 2,087,670.67 2,193,367.53 2,302,973.89
3,345,575.16 3,928,303.73 4,564,967.37 5,256,089.62
65,147.34 75,593.38 82,248.52 87,511.13
7,795.00 7,795.00 7,795.00 7,795.00
7,400.00 7,400.00 7,400.00 7,400.00
16,384.70 16,384.70 16,384.70 16,384.70
29,030.30 29,030.30 29,030.30 29,030.30
277,149.60 291,007.08 305,557.43 320,835.31
62,589.62 65,719.10 69,005.05 72,455.31
0.00 0.00 0.00 0.00
8,333.33 8,333.33 8,333.33 8,333.33
473,829.89 501,262.89 525,754.34 549,745.08
2,871,745.26 3,427,040.84 4,039,213.03 4,706,344.55
717,936.32 856,760.21 1,009,803.26 1,176,586.14
2,153,808.95 2,570,280.63 3,029,409.78 3,529,758.41
 COZY CONNECTIONS STUDY HUB
Projected Statement of Financial Position
As of December 2024-2028

Assets Notes 2024 2025

Current Assets
Cash 1 2,116,064.47 4,103,664.29
Supplies 2 61,139.60 85,533.74
Prepaid Rent 3 195,000.00 195,000.00
Total Current Asset 2,372,204.07 4,384,198.03

Non-Current Asset
Furniture and Fixture, net 4 261,272.70 232,242.40
Equipment, net 5 229,309.00 199,895.40
Leasehold Improvement, net 6 91,666.67 83,333.33
Total Non-Current Asset 582,248.37 515,471.13
Total Asset 2,954,452.44 4,899,669.16

Liabilities and Owner's Equity

Current Liabilities
Employee Benefits Payable 7 18,325.47 19,241.75
Utilities Payable 8 9,830.00 10,321.50
Total Liabilities 28,155.47 29,563.25
Partners' Equity
Bustamante, Capital 585,259.39 974,021.18
Salde, Capital 585,259.39 974,021.18
Nacional, Capital 585,259.39 974,021.18
Lorenzo, Capital 585,259.39 974,021.18
Etil, Capital 585,259.39 974,021.18
Total Partners' Equity 2,926,296.97 4,870,105.92
Total Liabilities and Owner's Equity 2,954,452.44 4,899,669.16
 DY HUB
al Position
028

2026 2027 2028

6,436,324.36 9,114,833.94 12,130,487.89

97,409.69 105,039.19 111,310.56
195,000.00 195,000.00 195,000.00
6,728,734.05 9,414,873.13 12,436,798.45

203,212.10 174,181.80 145,151.50

170,481.80 141,068.20 111,654.60
75,000.00 66,666.67 58,333.33
448,693.90 381,916.67 315,139.43
7,177,427.95 9,796,789.80 12,751,937.88

20,203.83 21,214.02 22,274.73

10,837.58 11,379.45 11,948.43
31,041.41 32,593.48 34,223.15

1,429,277.31 1,952,839.26 2,543,542.95

1,429,277.31 1,952,839.26 2,543,542.95
1,429,277.31 1,952,839.26 2,543,542.95
1,429,277.31 1,952,839.26 2,543,542.95
1,429,277.31 1,952,839.26 2,543,542.95
7,146,386.54 9,764,196.32 12,717,714.73
7,177,427.95 9,796,789.80 12,751,937.88
 COZY CONNECTIONS STUDY H
Projected Statement of Changes in Owne
For the Years Ended December 2024

Net Income Bustamante, Capital

Capital, January 1, 2024 260,000.00
Add: Partner's Share in Net Income 1,776,296.97 355,259.39
Total Capital 615,259.39
Less: Partners' Drawings 30,000.00
Capital, December 31, 2024 585,259.39

Net Income Bustamante, Capital

Capital, January 1, 2025 585,259.39
Add: Partner's Share in Net Income 2,153,808.95 430,761.79
Total Capital 1,016,021.18
Less: Partners' Drawings 42,000.00
Capital, December 31, 2025 974,021.18

Net Income Bustamante, Capital

Capital, January 1, 2026 974,021.18
Add: Partner's Share in Net Income 2,570,280.63 514,056.13
Total Capital 1,488,077.31
Less: Partners' Drawings 58,800.00
Capital, December 31, 2026 1,429,277.31

Net Income Bustamante, Capital

Capital, January 1, 2027 1,429,277.31
Add: Partner's Share in Net Income 3,029,409.78 605,881.96
Total Capital 2,035,159.26
Less: Partners' Drawings 82,320.00
Capital, December 31, 2027 1,952,839.26

Net Income Bustamante, Capital

Capital, January 1, 2028 1,952,839.26
Add: Partner's Share in Net Income 3,529,758.41 705,951.68
Total Capital 2,658,790.95
Less: Partners' Drawings 115,248.00
Capital, December 31, 2028 2,543,542.95
 CONNECTIONS STUDY HUB
atement of Changes in Owner's Equity
Years Ended December 2024-2028

Salde, Capital Nacional, Capital Lorenzo, Capital Etil, Capital Total Partnership Capital
260,000.00 260,000.00 260,000.00 260,000.00 1,300,000.00
355,259.39 355,259.39 355,259.39 355,259.39 1,776,296.97
615,259.39 615,259.39 615,259.39 615,259.39 3,076,296.97
30,000.00 30,000.00 30,000.00 30,000.00 150,000.00
585,259.39 585,259.39 585,259.39 585,259.39 2,926,296.97

Salde, Capital Nacional, Capital Lorenzo, Capital Etil, Capital Total Partnership Capital
585,259.39 585,259.39 585,259.39 585,259.39 2,926,296.97
430,761.79 430,761.79 430,761.79 430,761.79 2,153,808.95
1,016,021.18 1,016,021.18 1,016,021.18 1,016,021.18 5,080,105.92
42,000.00 42,000.00 42,000.00 42,000.00 210,000.00
974,021.18 974,021.18 974,021.18 974,021.18 4,870,105.92

Salde, Capital Nacional, Capital Lorenzo, Capital Etil, Capital Total Partnership Capital
974,021.18 974,021.18 974,021.18 974,021.18 4,870,105.92
514,056.13 514,056.13 514,056.13 514,056.13 2,570,280.63
1,488,077.31 1,488,077.31 1,488,077.31 1,488,077.31 7,440,386.54
58,800.00 58,800.00 58,800.00 58,800.00 294,000.00
1,429,277.31 1,429,277.31 1,429,277.31 1,429,277.31 7,146,386.54

Salde, Capital Nacional, Capital Lorenzo, Capital Etil, Capital Total Partnership Capital
1,429,277.31 1,429,277.31 1,429,277.31 1,429,277.31 7,146,386.54
605,881.96 605,881.96 605,881.96 605,881.96 3,029,409.78
2,035,159.26 2,035,159.26 2,035,159.26 2,035,159.26 10,175,796.32
82,320.00 82,320.00 82,320.00 82,320.00 411,600.00
1,952,839.26 1,952,839.26 1,952,839.26 1,952,839.26 9,764,196.32

Salde, Capital Nacional, Capital Lorenzo, Capital Etil, Capital Total Partnership Capital
1,952,839.26 1,952,839.26 1,952,839.26 1,952,839.26 9,764,196.32
705,951.68 705,951.68 705,951.68 705,951.68 3,529,758.41
2,658,790.95 2,658,790.95 2,658,790.95 2,658,790.95 13,293,954.73
115,248.00 115,248.00 115,248.00 115,248.00 576,240.00
2,543,542.95 2,543,542.95 2,543,542.95 2,543,542.95 12,717,714.73
 COZY CONNECTIONS STUDY HUB
Projected Statement of Cash Flows
For the Years Ended December 2024-2028
CASH FLOW FROM
2024 2025 2026
OPERATING ACTIVITIES
Earnings Before Income Taxes 2,368,395.96 2,871,745.26 3,427,040.84
Depreciation Expenses – Machinery & Equipment 13,028.90 13,028.90 13,028.90
Depreciation Expense - Non-operating Equipment 16,384.70 16,384.70 16,384.70
Depreciation Expenses - Furniture and Fixture 29,030.30 29,030.30 29,030.30
Depreciation Expense - Leasehold Improvement 8,333.33 8,333.33 8,333.33
Increase in Supplies -61,139.60 -24,394.14 -11,875.95
Increase in Prepaid Rent -195,000.00 0.00 0.00
Increase in Employee Benefits Payable 18,325.47 916.27 962.09
Increase in Utilities Payable 9,830.00 491.50 516.08
Income tax paid -592,098.99 -717,936.32 -856,760.21
Net Cash (used in)/provided by Operating Activities 1,615,090.07 2,197,599.81 2,626,660.08

CASH FLOW FROM

INVESTING ACTIVITIES
Acquisition of Equipment -258,722.60 0.00 0.00
Acquisition of Furniture and Fixtures -290,303.00 0.00 0.00
Cash paid for Leasehold Improvement -100,000.00 0.00 0.00
Net cash (used in)/provided by Investing Activities -649,025.60 0.00 0.00

CASH FLOW FROM

FINANCING ACTIVITIES
Partners' Capital Investment 1,300,000.00 0.00 0.00
Partners' Drawings -150,000.00 -210,000.00 -294,000.00
Net Cash (used in)/provided by Financing Activities 1,150,000.00 -210,000.00 -294,000.00

Net Increase/Decrease in Cash 2,116,064.47 1,987,599.81 2,332,660.08

Cash, beginning 0.00 2,116,064.47 4,103,664.29
Cash, ending 2,116,064.47 4,103,664.29 6,436,324.36
 2027 2028
4,039,213.03 4,706,344.55
13,028.90 13,028.90
16,384.70 16,384.70
29,030.30 29,030.30
8,333.33 8,333.33
-7,629.51 -6,271.36
0.00 0.00
1,010.19 1,060.70
541.88 568.97
-1,009,803.26 -1,176,586.14
3,090,109.57 3,591,893.95

0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00

0.00 0.00
-411,600.00 -576,240.00
-411,600.00 -576,240.00

2,678,509.57 3,015,653.95
6,436,324.36 9,114,833.94
9,114,833.94 12,130,487.89
 FINANCIAL RATIOS
LIQUIDITY RATIOS
CURRENT RATIO
2024 2025 2026 2027
Current Assets 2,372,204.07 4,384,198.03 6,728,734.05 9,414,873.13
Current Liabilities 28,155.47 29,563.25 31,041.41 32,593.48
Current Ratio 84.3 148.3 216.8 288.9
The table shows the current ratio which signifies how well the company is paying its short-term obligations with
its current assets. According to the computation, Cozy Connection Study Hub's current ratio is 84.3 in 2024,
148.3 in 2025, 216.8 in 2026, 288.9 in 2027 and 363.4 in 2028. Current ratio greater than 1 means that they can
cover its short-term obligations. Hence, Cozy Connection Study Hub's current ratio which is more than 1 means
that the company can pay its short-term obligations with its current asset well.

QUICK RATIO
2024 2025 2026 2027
Cash 2,116,064.47 4,103,664.29 6,436,324.36 9,114,833.94
Current Liabilities 28,155.47 29,563.25 31,041.41 32,593.48
Quick Ratio 75.2 138.8 207.3 279.7

The table shows the quick ratio which signifies how well the company is paying its short-term obligations with
its most liquid assets. According to the computation, Cozy Connection Study Hub's quick ratio is 75.2 in 2024,
138.8 in 2025, 207.3 in 2026, 279.7 in 2027 and 354.5 in 2028. Quick ratio greater than 1 means that they can
cover its short-term obligations. Hence, Cozy Connection Study Hub's quick ratio which is more than 1 means
that the company can pay itsshort-term obligations with its most liquid assets well which is their cash.

LEVERAGE RATIOS
DEBT TO EQUITY RATIO
2024 2025 2026 2027
Total Liabilities 28,155.47 29,563.25 31,041.41 32,593.48
Total Partners' Equity 2,926,296.97 4,870,105.92 7,146,386.54 9,764,196.32
Debt to Equity Ratio 0.010 0.006 0.004 0.003
The table shows the debt to equity ratio which measures the company's financial structure and the proportion of
its total liabilities to its total equity. A higher the debt to equity ratio suggests higher degree of leverage which
means there is a high risk and return for the company. The debt to equity ratio for all of five year period is too
low since all are less than 1. Hence, Cozy Connection Study Hub's debt to equity ratios suggest that they are not
relying on debt financing, rather, they have a high reliance on capital investment.

DEBT RATIO
2024 2025 2026 2027
Total Liabilities 28,155.47 29,563.25 31,041.41 32,593.48
 Total Assets 2,954,452.44 4,899,669.16 7,177,427.95 9,796,789.80
Debt Ratio 0.010 0.006 0.004 0.003
The table shows the debt to equity ratio which measures the company's financial leverage through the proportion
of the total assets which are financed by debt. A higher the debt ratio suggests higher degree of leverage which
means that their assets are mostly financed by debts. The debt ratio for all of five year period is too low since
all are less than 1. Hence, Cozy Connection Study Hub's debt ratios suggest that they are not relying much on
debt for the acquisition of their total assets.

PROFITABILITY RATIOS
NET PROFIT MARGIN
2024 2025 2026 2027
Net Income 1,776,296.97 2,153,808.95 2,570,280.63 3,029,409.78
Net Sales 4,691,520.00 5,328,216.00 6,015,974.40 6,758,334.90
Net Profit Margin 37.86% 40.42% 42.72% 44.82%
The table shows the net profit margin which measures the company's profitability. The net profit margin would
indicate the percentage of peso the company will generate a income from the sales they made. Cozy Connection
Study Hub's net profit margin has an increasing trend from 37.86% in 2024, 40.42% in 2025, 42.72% in 2026,
44.72% in 2027 and 46.70% in 2028. The increasing trend of its net profit margin means that their financial
performance is improving throughout the five year projected operations and they are considered profitable.

OPERATING PROFIT MARGIN

2024 2025 2026 2027
Operating Income 2,368,395.96 2,871,745.26 3,427,040.84 4,039,213.03
Net Sales 4,691,520.00 5,328,216.00 6,015,974.40 6,758,334.90
Operating Profit Margin 50.48% 53.90% 56.97% 59.77%
The table shows the operating profit margin which measures the company's profitability. The operating profit
margin would indicate the percentage of peso the company will generate as its operating income after deducting
operating costs and direct costs on its net sales. Cozy Connection Study Hub's operating profit margin has an
increasing trend from 50.48% in 2024, 50.90% in 2025, 56.97% in 2026, 59.77% in 2027 and 62.26% in 2028.
The increasing trend of its operating profit margin means that their financial performance is improving
throughout the five year projected operations and they are considered profitable.

GROSS PROFIT MARGIN

2024 2025 2026 2027
Gross Profit 2,823,461.40 3,345,575.16 3,928,303.73 4,564,967.37
Net Sales 4,691,520.00 5,328,216.00 6,015,974.40 6,758,334.90
Gross Profit Margin 60.18% 62.79% 65.30% 67.55%
The table shows the gross profit margin which measures the company's profitability. The gross profit margin
would indicate the percentage of peso the company will generate as its gross profit after deducting its direct costs
on its net sales. Cozy Connection Study Hub's gross profit margin has an increasing trend from 60.18% in 2024,
62.79% in 2025, 68.85% in 2026, 70.67% in 2027 and 72.30% in 2028. The increasing trend of its gross profit
margin means that their financial performance is improving throughout the five year projected operations and
they are considered profitable.
 RETURN ON INVESTMENT
2024 2025 2026 2027
Net Income 1,776,296.97 2,153,808.95 2,570,280.63 3,029,409.78
Initial Investment 1,300,000.00 1,300,000.00 1,300,000.00 1,300,000.00
Return on Investment 136.64% 165.68% 197.71% 233.03%
The table shows the return on investment which measures the company's profitability. The return on investment
would indicate the percentage of gain or loss the company will generate relative to the initial cost of investment
by the company. Cozy Connection Study Hub's return on investment has an increasing trend from 136.64% in
2024, 165.68% in 2025, 197.71% in 2026, 233.03% in 2027 and 271.52% in 2028. The increasing trend of its
return on investments means that their financial performance is improving throughout the five year projected
operations and they are considered profitable.
 2028
12,436,798.45
34,223.15
363.4
rm obligations with
is 84.3 in 2024,
means that they can
more than 1 means

2028
12,130,487.89
34,223.15
354.5

m obligations with
io is 75.2 in 2024,
eans that they can
more than 1 means

2028
34,223.15
12,717,714.73
0.003
d the proportion of
of leverage which
year period is too
est that they are not

2028
34,223.15
 12,751,937.88
0.003
ough the proportion
of leverage which
is too low since
relying much on

2028
3,529,758.41
7,559,063.51
46.70%
ofit margin would
e. Cozy Connection
42.72% in 2026,
their financial
red profitable.

2028
4,706,344.55
7,559,063.51
62.26%
operating profit
me after deducting
it margin has an
d 62.26% in 2028.

2028
5,256,089.62
7,559,063.51
69.53%
ss profit margin
ucting its direct costs
m 60.18% in 2024,
of its gross profit
d operations and
 2028
3,529,758.41
1,300,000.00
271.52%
turn on investment
cost of investment
from 136.64% in
asing trend of its
e year projected