P O LYTE CH NI C UNI VE RS I TY O F THE P H I LI P PI NES
96
P O LYTE CH NI C UNI VE RS I TY O F THE P H I LI P PI NES
Table 5.1
Projected Statement of Comprehensive Income
KALIRATA LOUNGE
Projected Statement of Comprehensive Income
For the year ended of December 30, 2016-2020
Service Fees
Less: Membership Discount
Service Discount
Net Service Fees
Add:
Other Income
Gross Receipts
Less: Operating Expenses
Pre-operating Expenses:
Operating Expenses
Salaries and Wages
Permits and Licenses
Legal Fees
Office Supplies Expense
2016
2017
2018
2019
2020
4,212,000.00
10,389,600.00
12,355,200.00
14,601,600.00
16,567,200.00
94,770.00
233,766.00
277,992.00
328,536.00
372,762.00
328,530.00
810,390.00
963,720.00
1,138,920.00
1,292,250.00
3,788,700.00
9,345,444.00
11,113,488.00
13,134,144.00
14,902,188.00
123,840.00
260,064.00
273,087.00
286,721.00
301,040.00
3,912,540.00
9,605,508.00
11,386,575.00
13,420,865.00
15,203,228.00
2,410,376.00
4,917,166.00
5,015,509.00
5,115,820.00
5,218,136.00
5,000.00
10,000.00
10,000.00
10,000.00
10,000.00
12,000.00
24,000.00
24,000.00
24,000.00
24,000.00
158,380.00
P O LYTE CH NI C UNI VE RS I TY O F THE P H I LI P PI NES
10,615.00
21,230.00
21,230.00
21,230.00
Store Supplies Expense
97
21,230.00
172,180.00
399,027.00
456,665.00
564,437.00
629,818.00
1,550,400.00
3,162,816.00
3,226,072.00
3,290,594.00
3,356,406.00
325,794.00
664,619.00
677,911.00
691,469.00
705,299.00
12,530.00
25,060.00
25,060.00
25,060.00
25,060.00
Depreciation Expense-O.E
7,590.00
15,180.00
15,180.00
15,180.00
15,180.00
Depreciation Expense-S.E
40,828.50
81,657.00
81,657.00
81,657.00
81,657.00
Depreciation Expense-F&F
22,554.00
45,108.00
45,108.00
45,108.00
45,108.00
Depreciation Expense - L.I
23,756.00
47,512.00
47,512.00
47,512.00
47,512.00
Depreciation Expense - C.A
11,421.00
22,842.00
22,842.00
22,842.00
22,842.00
7,750.00
15,500.00
15,500.00
15,500.00
15,500.00
25,125.00
46,138.50
37,502.50
27,999.00
17,540.50
(883,759.50)
107,652.50
1,664,826.50
3,422,457.00
4,967,939.50
32,296.00
499,448.00
1,026,737.00
1,490,382.00
2,065.00
4,342.00
5,055.00
5,868.00
6,581.00
(885,824.50)
71,014.50
1,160,323.50
2,389,852.00
3,470,976.50
Rent Expense
Utilities Expense
Repairs and Maintenance
Advertising Expense
Interest Expense
Net Income
Less: Income tax due
Community tax Expense
Net Income after tax
P O LYTE CH NI C UNI VE RS I TY O F THE P H I LI P PI NES
98
99
P O LYTE CH NI C UNI VE RS I TY O F THE P H I LI P PI NES
Table 5.2
Projected Statement of Financial Position
KALIRATA LOUNGE
Projected Statement of Financial Position
December 31, 2016-2020
2016
2017
2018
2019
2020
Assets
Current Assets
Cash
898,640.00
1,320,075.00
2,748,772.00
5,462,006.25
9,186,726.50
Other Receivable
775,200.00
775,200.00
775,200.00
775,200.00
775,200.00
Office Supplies
15,615.00
5,000.00
5,000.00
5,000.00
5,000.00
Store Supplies
Non-current assets
Office
Equipment,net
Store
Equipment,net
Furnitures and
Fixtures,net
Leasehold
Improvement,net
Contingent
Asset,net
688,720.00
487,700.00
456,664.00
376,292.00
339,133.00
77,010.00
61,830.00
46,650.00
31,470.00
16,290.00
642,271.50
560,614.50
478,957.50
397,300.50
315,643.50
478,646.00
433,538.00
388,430.00
343,322.00
298,214.00
451,364.00
403,852.00
356,340.00
308,828.00
261,316.00
216,999.00
194,157.00
171,315.00
148,473.00
125,631.00
4,244,465.50
4,241,966.50
5,427,328.50
7,847,891.75
11,323,154.00
TOTAL
100
P O LYTE CH NI C UNI VE RS I TY O F THE P H I LI P PI NES
LIABILITIES & EQUITY
Current Liabilities
Witholding Tax
Payable
51,176.00
52,200.00
53,244.00
54,308.00
55,394.00
30,120.00
30,722.00
31,336.00
31,962.00
32,602.00
8,052.00
8,214.00
8,378.00
8,546.00
8,716.00
HDMF Payanle
13,752.00
14,028.00
14,308.00
14,594.00
14,886.00
Interest Payable
Income Tax
Payable
Community Tax
Payable
25,125.00
21,013.50
16,489.00
11,510.00
6,030.50
8,074.00
124,862.00
256,684.25
372,595.50
2,065.00
4,342.00
5,055.00
5,868.00
6,581.00
Loan Payable
Non-current
Liabilities
81,817.00
90,040.00
99,089.00
109,047.00
120,007.00
Loan Payable
418,183.00
328,143.00
229,054.00
120,007.00
Total Liabilities
630,290.00
556,776.50
581,815.00
612,526.25
616,812.00
3,614,175.50
3,685,190.00
4,845,513.50
7,235,365.50
10,706,342.00
4,244,465.50
4,241,966.50
5,427,328.50
7,847,891.75
11,323,154.00
SSS Payable
PhilHealth Payable
Equity
TOTAL
P O LYTE CH NI C UNI VE RS I TY O F THE P H I LI P PI NES
101
102
P O LYTE CH NI C UNI VE RS I TY O F THE P H I LI P PI NES
Table 5.3
Projected Statement of Cash Flow
KALIRATA LOUNGE
Projected Statement of Cash Flow
For the year ended December 31. 2016-2020
2016
2017
2018
Operating Activities
Cash inflow
Cash received from
customers
Cash collected from the
vending machines
Cash Outflow
3,788,700.00 9,345,444.00
2019
2020
11,113,488.00
13,134,144.00
14,902,188.00
123,840.00
260,064.00
273,087.00
286,721.00
301,040.00
775,200.00
Cash paid for office supplies
26,230.00
10,615.00
21,230.00
21,230.00
21,230.00
Cash paid for store supplies
Cash paid for Withholding
Tax
860,900.00
198,007.00
425,629.00
484,065.00
592,659.00
255,880.00
625,376.00
637,884.00
650,632.00
663,642.00
Cash paid for SSS
150,600.00
368,062.00
375,418.00
382,918.00
390,584.00
Cash paid for PhilHealth
40,260.00
98,406.00
100,372.00
102,384.00
104,422.00
Cash paid for HDMF
Cash paid for pre-operating
expenses
Cash paid for salaries
68,760.00
168,060.00
171,416.00
174,842.00
178,340.00
40,370.00
Cash paid for security deposit
P O LYTE CH NI C UNI VE RS I TY O F THE P H I LI P PI NES
1,791,776.00 3,655,198.00
3,728,317.00
3,802,900.00
Cash paid for rent
1,550,400.00 3,162,816.00
103
3,878,960.00
3,226,072.00
3,290,594.00
3,356,406.00
Cash paid for utilities
Cash paid for repairs and
maintenance
325,794.00
664,619.00
677,911.00
691,469.00
705,299.00
12,530.00
25,060.00
25,060.00
25,060.00
25,060.00
Cash paid for advertising
7,750.00
15,500.00
15,500.00
15,500.00
15,500.00
12,000.00
24,000.00
24,000.00
24,000.00
24,000.00
5,000.00
10,000.00
10,000.00
10,000.00
10,000.00
Cash paid for income taxes
24,222.00
382,660.00
894,914.75
1,374,470.75
Cash paid for community tax
Net Cash flow from Operating
Activities
2,065.00
4,342.00
5,055.00
5,868.00
(2,010,910.00)
553,502.00
1,560,764.00
2,845,301.25
3,856,787.25
84,600.00
683,100.00
501,200.00
593,130.00
Cash paid for legal fees
Cash paid for permits and
licenses
Investing Activities
Cash Outflow
Cash paid for office
equipment
Cash paid for store
equipment
Cash paid for furnitures and
fixtures
Cash paid for leasehold
improvement
Cash set aside for
P O LYTE CH NI C UNI VE RS I TY O F THE P H I LI P PI NES
contingency fund
228,420.00
Net Cash flow from Investing
Activities
(2,090,450.00)
Financing Activities
Cash Inflow
Cash received from bank
Cash contributed by partners
Cash Outflow
Cash paid for principal of
loan
Cash paid for interest of loan
Net Cash flow from Financing
Activities
Net cash flow for the fiscal year
Add:
Beginning balances
Cash Balance, ending
104
-
500,000.00
4,500,000.00
81,817.00
90,040.00
99,089.00
109,047.00
50,250.00
42,027.00
32,978.00
23,020.00
5,000,000.00
(132,067.00)
(132,067.00)
(132,067.00)
(132,067.00)
898,640.00
421,435.00
1,428,697.00
2,713,234.25
3,724,720.25
898,640.00
1,320,075.00
2,748,772.00
5,462,006.25
898,640.00 1,320,075.00
2,748,772.00
5,462,006.25
9,186,726.50
P O LYTE CH NI C UNI VE RS I TY O F THE P H I LI P PI NES
105
106
P O LYTE CH NI C UNI VE RS I TY O F THE P H I LI P PI NES
Table 5.4
Liquidity Ratios
Working Capital
2016
Current Assets
Less:Current Liabilities
Working Capital
2017
2018
2019
2020
2,378,175.00
2,587,975.00
3,985,636.00
6,618,498.25
10,306,059.50
212,107.00
228,633.50
352,761.00
492,519.25
616,812.00
2,166,068.00
2,359,341.50
3,632,875.00
6,125,979.00
9,689,247.50
Current Asset Ratio
2016
Current Assets
Divided by: Current
Liabilities
Current Asset Ratio
2017
2018
2019
2020
2,378,175.00
2,587,975.00
3,985,636.00
6,618,498.25
10,306,059.50
212,107.00
11.21
228,633.50
11.32
352,761.00
11.3
492,519.25
13.44
616,812.00
16.71
Quick (Acid) Test Ratio
2016
Quick Assets
Divided by: Current
Liabilities
Quick (Acid) Test
Ratio
2017
2018
2019
2020
1,673,840.00
2,095,275.00
3,523,972.00
6,237,206.25
9,961,926.50
212,107.00
228,633.50
352,761.00
492,519.25
616,812.00
7.89
9.16
9.99
12.66
16.15
P O LYTE CH NI C UNI VE RS I TY O F THE P H I LI P PI NES
107
108
P O LYTE CH NI C UNI VE RS I TY O F THE P H I LI P PI NES
Table 5.5
Asset Management Utilization Ratios
Fixed Assets Turnover
Net Sales
Divided by: Net Fixed
Assets
Fixed Assets
Turnover
2016
3,912,540.00
2017
9,605,508.00
2018
11,386,575.00
2019
13,420,865.00
2020
15,203,228.00
1,866,290.50
1,653,991.50
1,653,991.50
1,441,692.50
1,229,393.50
2.10
5.81
6.88
9.31
12.37
2016
3,912,540.00
2017
9,605,508.00
2018
11,386,575.00
2019
13,420,865.00
2020
15,203,228.00
4,244,465.50
4,241,966.50
5,427,328.50
7,847,891.75
11,323,154.00
0.92
2.26
2.1
1.71
1.34
Total Assets Turnover
Net Sales
Divided by: Total
Assets
Total Assets
Turnover
P O LYTE CH NI C UNI VE RS I TY O F THE P H I LI P PI NES
109
110
P O LYTE CH NI C UNI VE RS I TY O F THE P H I LI P PI NES
Table 5.6
Debt Management Ratios
Debt to Total Asset Ratio
Total Liabilities
Divided by: Total Assets
2016
2017
2018
630,290.00
556,776.50
581,815.00
612,526.25
4,244,465.50
4,241,966.50
5,427,328.50
7,847,891.75
0.15
0.13
0.11
0.08
Debt to Total Asset Ratio
Debt/Equity Ratio
2017
2016
Total Liabilities
Divided by: Total Equity
Debt/Equity Ratio
2018
2020
2019
556,776.50
581,815.00
612,526.25
3,614,175.50
3,685,190.00
4,845,513.50
7,235,365.50
0.17
0.15
0.12
Times-Interest-Earned Ratio
2017
2018
(858,634.50)
25,125.00
34
153,791.00
46,138.50
3.33
616,812.00
11,323,154.00
0.05
2020
630,290.00
2016
Earnings before Interest
and Taxes
Divided by: Interest
Charges
Times-Interest-Earned
Ratio
2019
616,812.00
10,706,342.00
0.08
0.06
2019
1,702,329.00
3,450,456.00
37,502.50
27,999.00
45.39
123.23
2020
4,985,480.00
17,540.50
284.23
