REPUBLIC OF THE PHILIPPINES SECURITIES AND EXCHANGE COMMISSION Ground Floor. Secretariat Building, PICC City Of Pasay, Metro Manila COMPANY REG. NO. €N201719074 CERTIFICATE OF FILING OF AMENDED ARTICLES OF INCORPORATION KNOW ALL PERSONS BY THESE PRESENTS: ‘This is to certify that the amended articles of incorporation of the ABRAHAM AND AYSAK SCHOOL (AAS), INC. (Amending Article II Purpose thereof) copy annexed, adopted on April 01, 209 by majority vote of the Board of ‘Trustees and by the vote of two-thirds of the members of the association, and certified under oath by the Corporate Secretary and a majority of the said board ‘was approved by the Commission on this date pursuant to the provisions of Section 15 of the Revised Corporation Code of the Philippines, Republic Act No. 11232, which took effect on February 23, 2019, and copies thereof are filed with the Commission. IN WITNESS WHEREO?, | have set my hand and caused the seal of this Commission to be, affixed to this Certificate al Pasay City, Metro Manila, Philippines, this 74, _ day of June, Twenty Nineteen.Payment Assessment Form Page | of | at a L7G tay Bs OF OLS iT, ace on 20100590-1140010, ia Republic ofthe Philippines jo DEPARTMENT OF FINANCE: 5 Peer etree eunineen 2k Secretariat Building, PICC Complex oe Ss Roxas Boulevard, Pasay City, 1307 PAYMENT ASSESSMENT FORM No. 20190530-1140919 DATE [RESPONSIBILITY CENTER os/g0rz018 RMD PAYOR: ABRAHAM AND AYSAK SCHOOL (AAS) ING. CAVITE TOTAL AMOUNT TO BE PAID [Assessed by: 7 [Amount im words sardine JONE THOUSAND FORTY PESOS AND 001100 tel tot te 1 teceona nan sya eS Man OP) Gam 7 Mengencamerst¥n 3 Petry Oto Cc hecpeamentaopertstnncadurebe sarin ‘:Caas 2 Wengencomers Cube Soarte 69 Eahnge 1 Pepncn ofOrcet Payer Sipe: es Cue sta aw ne en dak Ma aya Beant hitp://nes.sec.local/payment-assessment-form/form?guid=Be2576a6-2837-46c9-be30-... 30/05/2019COVER SHEET for Applications at COMPANY REGISTRATION AND MONITORING DEPARTMENT eo eseos , f t od Registration | Ceor Wve bP { Former Company Name pv eb level icWolon Maisie COLT COO) 2 Abu el] biel by leb lal [siete lol le IWa we is, wo. oe o a p COVER SHEET COMPANY REGISTRATION AND MONITORING DEPARTMENT Natu ypeston SEC Rgistaton tuner lo ‘REGISTRATION C ie Comp ame ye (lee Te Thala Talla saul aeeaeec AMA Tey TT We. TIT TIT fa Po Oe ote RenayCiVonrie EDT wal aeulsWiel Z1- LA Zmlalst [cla aria) Plane Aa Totels] [yl rTo LT] LETT TTT) oye cnr tence omni eds lnattodediny aigacllen { Ogopesi2e97 ) [______| esnetronmrmi Bra L. Rye inaliredake dye 51 Malogacang J-F_C “To be accomplished by CRMD Personnel : ata Assigned Process Document LD. Faceted by Comorate Fling and Recorts vison (CFRD) Fev Crpnie marwveninhocnsniveen | COUNTER OZFICER: QM Grenumo un eee ida TbRID (owning UnitDepartment of Education Region 1V-A (CALABARZON) Division of Imus City Abrabam and Aysak School (AAS), INC. ‘Tel No: (046) 418-08-26 / Cel No: 09082912697 Email: abrabamandaysakschool@gmail.com AY PAIMENTOL-EDUCATION ATY SHOOLS DIVISION OF IMU RECEIVE! April 10, 2019 TATE sce BY So $2¥- 79 OWL Dr. Hermogenes M. Panganiban Schools Division Superintendent Division of Imus City Imus City, Cavite Sir: Greetings! ‘The undersigned would like to request from your good office a favorable endorsement for the amendment of the Articles of Incorporation of Abraham and Aysak School (Aas), INC, Enclosed herewith the article that need to be amended, as one of the requirements of the Securities and Exchange Commission. Hoping for your kind consideration regarding this matter, ‘Thank you and God bless. Very truly yours,Republic of the Philippines Department of Edtication * Region tV-A CALABARZON SCHOOLS DIVISION OFFICE OF IMUS CITY City of Imus. 2 eo a 5 INDORSEMENT o April 11, 2019 p w Respectfully forwarded to the Corporate Registration and Monitoring Department, Securities and Exchange Commission, EDSA, Greenhills, Mandaluyong City, the Articles of Incorporation and By-Laws of ABRAHAM AND AYSAK SCHOOL (AAS), INC., 557 Malagasang, LF. City of Imus, Cavite, for favorable action and recommendation =~ HE wee SM. PANGANIBAN, ‘ShGols Division Superintendent 3) 046-471-1134} 046-471-0568 €) www depedimuscity com © ini cty@deped gov ph] ciyschoolstvisonotimus@yahoo.c aETO0' Tyee’ ESESS | ff OFFICIAL RECEIPT + Republic of the Thiippines DEPARTMENT OF FINANCE SECURITIES AND EXCHANGE COMMISSION Secretariat Boiling, ICC Complex enas Boulevaed, Pasay Cy, 1507 ONTTE “rora_AP_ B00. NOTE: We the number and date ofthis receipt on the back of reseury warrant, check or money order received.w a Securities and Exchange Commission wo ww Company Registration and Monitoring Department w ‘Compliance Monitoring Division o MONITORING SHEET o Ggeporate Name ABRAHAM AND AYSAK SCHOOL (AAS), INC. esiveaion No Gaia Fate ofteptration Tame, 2017 re tabdeeerae “Sons. sae ~~ Annual Meeting May & eer Office (557 Malagmang HF linus, Cavite. Actual Meeting. “a ive (5) SEEEeE oot Denetors/ Temes (CUstocK ConPoRATION ] NOW STOCK CORPORATION ~ putorined Capital Sock gui fund Galnce P7364 663.00 Nepitire Fond tolance PF aa “isa Year ended ahi = ike PRENDO per year per Teper = Fine, 2,500.00 per year, per report BATON OFFS ee ee Raa ATEN ie mm 7 aa Tab m7 a =o, 500 00030 ea or ered rcaem ssanga e crea Sock vod race emo BOO RL OSS _— eciiec alae 3000.00} Samra — [one Ta are TTT |_EF : [7 coueton ence tena Reerne abe -CEARED fy LEASE RETURN TOCHD AFTER PAYMENT. ‘iv findings ossetament based on incamonta/cepore aealable tthe SEC database snd the {documents prezened by the party tothe maior as of: Note: reportorlal requirements dve from, or may herauper be assessed egoinst, the corporation nor does 1 prechde the Institution af any action ogelast the corporation for olution of any of the provisions of the Corporation Code of the Philippines, he Securiues Regulation Cod, and tts implementing pales ond regulations, ond other pertinent laws, cvles and regulations Implemented by the Commission. ‘This wssessment does not constitute as waiver of ny fine or penalty for sectencles in 1m cove the corporation Is subject of ¢ complaint or lnvestipation by the Comealssion or any party, the computation of penalty may be yours earlier thon the five (5) yeors and imposition of fine shal! be made If warranted. -ars201 ot stomp received by the BIR (considered not Med)GOVER SHEET for AUDITED FINANGIAL STATEMENTS a A ) 1 SEE ee ee ete Ti [mjuls PF Llu TE _ | | a 7 + Co LIT TTT TTT I I rome Septet marae neat ‘ecm ey eee alalF[s slelc] | ny [a COMPANY INFORMATION compen Sang Taona into Mebane ‘aterdestie0 @gmail.com Twa [09082912697 sorte seo eg act ‘com Newey 5 I 04,93 1731 ] CONTACT PERSCN INFORMATION ‘he eure ora pren MT es Oar Capen te cnn en fatten ‘eptoyanb ee ake |] [raterdestcoi@@gmaitcom) [Wa (09082912697 CortaciPeoat rece Malsgasang 1-¥, mus, Cavite [ _s‘STATEMENT OF MANAGEMENT'S RESPONSIBILITY FOR FINANCIAL STATEMENTS ‘The management of ABRAHAM AND AYSAK SCHOOL (AAS), INC. is responsible for the ‘and fair presentation of the financial statements for the years ended December 31, 2018 and 2017, in accordance with the prescribed financial reporting framework indicated therein, and for such internal control as management determines is necessary to enable the preparation of financial statements ‘that are free from material misstatement, whether duc to fraud or error. In preparing the financial statements, management is responsible for assessing the Company's ability 10 ‘continue as ¢ going concer, disclosing, as applicable matters related to going concem and using the going ‘concem basis of accounting unless management ether intends to liquidate the Company or to cease ‘operations, or has no realistic alternative but to do so. ‘The Board of Trustees is responsible for overseeing the Company's financial reporting process. ‘The Board of Trustees reviews and approves the financial statements including the schedules attached therein, and submits the same to the stockholders, Jennifer C. Roncesvalles, CPA, the independent auditor appointed by the members, has audited the ‘nancial statements of the company in accordance with Philippine Standards on Auditing, and in its report to the members, has expressed its opinion on the faimess of presentation upon completion of such ‘examination. Lrabigie | chaiman REYES Signed this 1" day of April, 2019ABRAHAM AND AYSAK SCHOOL (AAS), INC. (A Non-Stock, Non-Profit Organization) ‘Statement of Financial Position at 31 December 2018 i ____2018 2017 _ Pesos Pesos 306,244 45,710 7917 50,000 454,164 45,710 500,000 500,000 (80,000) 480,000 150,000 £30,000) TOTAL ASSETS = 4,024,164 634,200 LIABILITIES & FUND BALANCE Current Liabilities Unearned Tuition and Schoo! Fees 287,500 Fund Balance ______ ——— General Fund 136,661 84,200 Principal Fund 600,000 550,000 ‘Total Fund Balance as _736,681 634,200 TOTAL LIABILITIES AND FUND BALANCE. 1,024,164 634,200 ‘See accompanying notes to financiel statements -ABRAHAM AND AYSAK SCHOOL (AAS), INC. (A Non-Stock, Non-Profit Orgenization) Statement of Activities forthe year ended 31 December 2018 am 2018 2017 Pesos Pesos: Tuition and School Fees 402,500 150,000 552,500 5 166,250 90,592 20,283 36,000 20417 8,288 80,000 25,000 niente 450,130 65,710. 402,371, (65,71ABRAHAM AND AYSAK SCHOOL (AAS), INC. (ANon-Stock, Non-Profit Organization) Statement of Fund Balance for the year ended 31 December 2018 Fund Balance, Beginning 634,290 700,000 Net Income (Loss) Before Tax 402,371 (65710) Fund Balance, End 736,661 634,290 ‘See accompanying notes to fen satementsABRAHAM AND AYSAK SCHOOL (AAS), INC. (A Non-Stock, Non-Profit Organization) ‘Statement of Cash Flows for the year ended 31 December 2018, ei on 2017017, Pesos Pesos Cash flows from operating activities Income / (Loss) for the year 102,374 (85,710) Expenses 80,000 - 182,371 (65.740) (7.917) - (50,000) = 287,500 - 411,954 (65,710) 411,964 (65,710) (650,000) : 700,000 ‘Cash provided (Used) by all activities - 411,954 (45,710) Cash and cash equivalents at beginning of year (15,710) i CASH AND CASH EQUIVALENTS AT END OF YEAR 396, (15,710) ‘See accompanying notes to fhancil statementsABRAHAM AND AYSAK SCHOOL (AAS), INC. ‘Accounting policies and explanatory notes tothe flaancial statements for the year ended 31 December 2018 1, General Information ABRAHAM AND AYSAK SCHOOL (AAS), INC. was incorporated and domiciled in the Republic of the Philippines. It is « non-stock, non-profit organization with principal office located at S57 Malagasang 1-F, Imus, Cavite ‘The primary purpose is to provide quality Pre-School education. prepare and equip pupils for Grade School, and to grow financially to be able to sustain and continuously upgrade and develop the schoo. The acomparyng financial statements were approved and authori for issue bythe Companys Board of Trustees on Apeil I, 2019, ‘2, Basis of Preparation ‘The complete set of financial statements of catty reporting under the PFRS for SMES is similar to that provided by full PFRS. It requires the following documents: 1) A statement of financial position; 2) Either single statement of comprehensive income, oe separate income slatements and separate statement of incomes ‘comprehensive 3) A statement of changes in equity; 4) A statement of cash flows; 5) Notes including a summary of significant accounting policies. ‘The financial statements have been prepared on the historical cost basis. The financial statements are presented in Philippine Pesos, which is the Company's functional currency. Useof Estimates ‘The accompanying financial statements are prepared in conformity with accounting principles generally accepted {nthe Philippines which require management to make estimates and assumptions that affect the amounts reported Jn the financial statements accompanying notes. The estimates and assumptions used in the accompunying, financial statements are based wpon management's evaluation of relevant facts and cireumstances as of the date of the financial statements. Actual results could differ from such estimates. 3. Adoption of New Accounting Standards ‘The enterprise adopted significant accounting policies which are in accordance with the Statements of Financial ‘Accounting Standards issued by the Accounting Standard Council and the rules and regulations ofthe Securities, ‘and Exchange Commission applied on a consistent basis. ‘The financial statements are prepared and presented in accordance with accounting principles generally accepted in the Philippines under the historical cost convention. Adeption New Standards ‘The Philippine Financial Reporting Standards (PFRS for SMEs) was issued by the Securities and exchange ‘Commission (SEC) in a notice issued December 3, 2009 and made these standards as part of their rules and regulations. 7 Globally tis is called PFRS for SMEs. It is good financial reporting made simple. It is based on the IFRS for SMES and designed specifically for small medium-sized Enites, internationally recognized and issued by the 1ASB in July af 2009. These IFRS for SMEs are bused on the fll PFRS.“The IFRS for SMEs was adopted in the Philippines and effective date of application is January 1, 2010. It is ‘known as the Philippine Financial Reporting Standard for SMEs (PFRS for SMES). PERS are developed by the Philippine Financial Reporting Standards Council and approved and issued by the ‘Securities and Exchange Commission. 4. Cash and Special Purpose Fund For Purposes ofthe statements of cash flows, cash includes cash on hand, checks and other cash items, ‘S.Trade Payables ‘Trade payables are obligations on the basis of normal credit terms, and do not bear interest. Trade payables denominated in a foreign currency are translated into pesos using the exchange rate atthe reporting date. Foreign exchange gains or losses are included in other income or other expenses. Revenue is measured at fair value of the consideration received or receivable, net of discounts and sales-related taxes collected. Events subsequent tothe close ofthe accounting period that provides additional information about the Company's position atthe Balance Sheet date (adjusting events) are reflected in the financial statements while subsequent ‘material events that do not require adjustments (not adjusting events are disclosed in the notes to financial statements, A related party transaction isa transfer of resources, services or obligations between related parties, regardless of ‘whether a price is changed. An entity is elated to the Company when it directly or indirectly through ane or more intermediaries, controls or is controled by, or is under common contro! with the Company, Associates, joint venture in which the Company isa joint venture, key management personne!, close members ofthe family of any individuals owning directly or indirectly a significant voting power of the Company that gives them significant influence in the financial and operating policy decisions of the Company are also related parties. Transactions ‘between related parties are accounted for at arm's length prices or on terms similarly offered to non-releted entities, {in an economically comparable market.