IVD.

FINANCIAL STATEMENTS
IVD1. BALANCE SHEET

NUTTYCOAT
Projected Balance Sheet
For the Years Ended December 31, 2024 to 2028
Assets 2024 2025 2026 2027 2028
Current Assets
Cash 4,204,433.14 5,025,624.89 5,923,148.5 8,204,744.33 7,566,652.15
Accounts Receivable 659,700.00 740,000.00 823,946.00 918,287.00 1,019,387.00
Inventory 750,221.64 75,609.12 125,241.80 243,864.19 340,731.55
Materials 158.00 450.90 881.25 1,564.88 2,061.00
Pre-Operating
800,050.00 826,000.00 880,500 899,100.00 965,450.00
Expenses
Total Current Assets ₱6,414,562.78 ₱6,667,684.91 ₱7,753,717.55 ₱10,267,560.4 ₱9,894,281.7

Non-current Assets
Delivery Vehicle 59,800.00 30,810.90 25,086.21 26,115.55 28,610.10
Office Equipment 15,300.00 10,052.61 11,621.00 9,908.60 12,305.00
Furnitures and Fixtures 5,192.00 3,408.52 4,621.03 4,781.80 5,065.55
Total Fixed Assets 80,292.00 44,272.03 41,329.03 40,805.95 45,980.65

Total Assets ₱6,494,854.78 ₱6,711,956.94 ₱7,795,046.58 ₱10,308,366.35 ₱9,940,262.35

Liabilities & Partner’s

Equity
Current Liability
Accounts Payable 158,000.00 239,168.31 333,144.5 436,446.5 549,776.5
Loan Payable
385,000.00 445,460.00 518,535.00 606,805.00 801,805.00
(9Months)
Total Current Liabilities 543,000.00 684,628.31 851,679.5 1,043,251.5 1,351,581.5

Non-current Liabilities
Long Term Loan
1,689,900.00 1,853,450.00 2,069,234.17 2,387,290.17 2,916,241.36
Payable
Total Non-current
₱1,689,900.00 ₱1,853,450.00 ₱2,069,234.17 ₱2,387,290.17 ₱2,916,241.36
Liabilities

Total Liabilities ₱2,232,900.00 ₱2,538,078.31 ₱2,920,913.67 ₱3,430,541.68 ₱4,267,822.86

Partner’s Capital
R. Celis 350,000.00 499,000.00 699,000.00 1,049,000.00 1,349,000.00
P. Role 350,000.00 499,000.00 699,000.00 1,049,000.00 1,349,000.00
L. Narquita 350,000.00 499,000.00 699,000.00 1,049,000.00 1,349,000.00
Total Partner’s Equity 1,050,000.00 1,497,000.00 2,097,000.00 3,147,000.00 4,047,000.00

Liab. & Partner’ ₱3,282,900.00 ₱4,035,078.31 ₱5,017,913.67 ₱6,577,541.67 ₱8,314,822.86

 IVD2. INCOME STATEMENT

NUTTYCOAT
Projected Income Statement
For the Years Ended December 31, 2024 to 2028
2024 2025 2026 2027 2028
Sales 4,136,330.24 4,709,191.68 5,297,840.64 5,886,489.6 6,499,947.52
Net Sales ₱ 4,136,330.24 ₱ 4,709,191.68 ₱ 5,297,840.64 ₱ 5,886,489.6 ₱ 6,499,947.52
Beginning Inventory 550,100.00 680,500.00 750,200.00 840,900.00 950,350.00
Purchases 1,125,000.50 1,500,500.20 1,932,641.46 2,284,081.52 2,531,871.82
Purchases Returns (2,319.65) (2,697.91) (3,482.00) (3,942.28) (4,124.42)
Purchases Discount (1,189.67) (1,527.11) (2,302.35) (2,678.90) (3,105.05)
Net Purchases 1,121,491.18 1,496,275.18 1,926,857.11 2,277,460.34 2,524,642.35
Freight in 20,218.00 20,250.00 20,462.90 20,600.50 20,750.75
Cost of Good
1,691,809.18 2,197,025.8 2,697,520.01 3,138,960.84 3,495,743.1
Available for Sale
Ending Inventory 860,205.90 987,600.50 1,350,370.79 1,902,948.25 2,500,500.20
Gross Profit ₱ 3,276,124.34 ₱ 3,721,591.18 ₱ 3,947,469.85 ₱ 3,983,541.35 ₱ 3,999,447.32

Selling and General &

Administrative
Expenses
Materials 158 450.90 881.25 1,564.88 2,061.00
Office Equipments 15,300.00 10,052.90 11,621.50 9,908.60 12,305.05
Furniture and Fixture 5,192.10 3,408.52 4,621.82 4,781.80 5,065.55
Delivery Vehicle 59,800.00 30,810.90 25,086.21 26,115.55 28,610.10
Light & Water 62,073.06 62,168.51 62,203.04 62,521.00 62,929.20
Gas & oil Expense 105,820.62 105,880.50 105,920.52 110,251.28 112,682.05
Salaries and wages 159,820.00 159,210.00 159,210.00 159,210.00 159,820.00
Repairs & Maintenance 150,000.00 150,050.00 150,100.00 150,150.00 150,200.00
Rent Expense 168,000.00 168,000.00 168,000.00 168,000.00 168,000.00
Taxes & Licenses 35,863.00 2,530.00 2,530.00 2,530.00 2,530.00
Total SG&A Expenses ₱ 762,026.78 ₱ 692,562.23 ₱ 690,174.34 ₱ 695,033.11 ₱ 704,202.95
Net Income before Tax 2,514,097.56 3,029,028.95 3,257,295.51 3,288,508.24 3,295,244.37
Less: Income Tax 30% 754,229.27 908,708.69 977,188.65 986,552.47 988,573.31
Net Income ₱ 1,759,868.29 ₱ 2,120,320.27 ₱ 2,280,106.86 ₱ 2,301,955.77 ₱ 2,306,671.06
 IVD3. STATEMENT OF CHANGES IN OWNER’S EQUITY

NUTTYCOAT
Projected Statement of Changes in Owner’s Equity
For the Years Ended December 31, 2024 to 2028
2024 2025 2026 2027 2028
Beginning Capital ₱1,050,000.00 ₱1,497,000.00 ₱2,097,000.00 ₱3,147,000.00 ₱4,047,000.00
Net Income 1,759,868.29 2,120,320.27 2,280,106.86 2,301,955.77 2,306,671.06
Less:
--- --- --- --- ---
Withdrawals

Ending Capital ₱
₱2,809,868.29 ₱3,617,320.27 ₱4,377,106.86 ₱6,353,671.06
5,448,955.77

IVD4. CASH FLOW

NUTTYCOAT
Projected Cash Flow Statement
For the Years Ended December 31, 2024 to 2028
2024 2025 2026 2027 2028
Cash Flows from
Operating Activities
Net Income 1,759,868.29 2,120,320.27 2,280,106.86 2,301,955.77 2,306,671.06
Increase in 659,700.00 80,300.00 83,946.00 94,341.00 101,100.00
Accounts
Receivable
Increase in 800,000.00 91,000.00 92,000.00 99,142.26 102,780.01
Inventory
Increase in Pre- 889,335.00 32,450.00 34,000.03 39,418.16 48,000.00
operating
Increase in 158,000.00 81,168.31 93,976.19 103,302.00 113,330.00
Accounts
Payable
Increase in Loan 385,000.00 60,460.00 73,075.00 88,270.00 195,000.00
Payable (9
months)
Increase in Long 1,689,900.00 163,550.00 215,784.17 318,056.00 528,951.19
Term Loan
Payable
Net cash ₱1,643,733.29 ₱2,221,748.58 ₱2,455,996.19 ₱2,578,682.35 ₱2,892,072.24
provide by
(used in)
operating
activities

Cash Flows from

Investing Activities
Increase in Office 9,345.00 7,150.00 11,798.00 12,798.15 18,386.00
Supplies
Increase in Office 15,300.00 17,599.00 — 21,630.00 25,999.00
Equipment
Increase in 5,192.00 3,330.00 — 3,500.00 750,000.00
 Furniture and
Fixture
. Increase in 59,800.00 — — 59,800.00 —
Service Vehicle
Less: (10,718.00) (60.31) (60.31) (311.3) (75.9)
Accumulated
Depreciation
Net cash ₱78,919.00 ₱28,018.69 ₱11,737.69 ₱97,416.85 ₱794,309.1
provide by
(used in)
investing
activities

Cash Flows from

Financing Activities
Cash received as 3,139,718.85 3,250,600.00 3,993,890.00 6,451,698.63 7,001,236.42
investments by
owner
Payments for (500,100.00) (418,705.00) (515,000.00) (728,219.80) (1,532,347.41)
withdrawals by
the owner
Net cash 2,639,618.85 2,831,895.00 3,478,890.00 5,723,478.83 5,468,889.01
provide by
(used in)
financing
activities

Net Increase
(Decrease) in Cash
Cash balance at — 4,204,433.14 5,025,624.89 5,923,148.5 8,204,744.33
the beginning of
the period
Cash balance at ₱4,204,433.14 ₱5,025,624.89 ₱5,923,148.5 ₱8,204,744.33 ₱7,566,652.15
the end of the
period

IVE. OWNER’S CAPITAL

The business partnership had 3 investors; each investor invested PHP 350,000.00 in the
company. The total start-up capital for the NuttyCoat:Correction Fluid has a total amount of PHP
1,050,000.00. Our business looked for potential company sources or suppliers from whom it could
obtain the necessary materials, supplies, and ingredients for producing the products.