 Projected Cash Budget

Projected Cash Budget of CASSAVUKO for 5 years

Projected Cash
Budget 2019 2020 2021 2022 2023
Cassavuko
2019-2023

Receipts
84,9871,219.97 34,2345,891.57 69,564,234.25 77,234,675.13 9807,678,198.6
(Collections)
Payments
Salaries & Wages 567,321,78.20 5647,908,76.12 28,671,276.95 21,294,958.90 90,451,548.42
Travel Expense 150 100,203,567.8 1765,546,378 200,897,78.56 89,289,876.2
Depreciation &
3,486,946.13 3,626,423.98 3,771,480.94 3,922,340.17 4,079,233.78
Amortization
Professional Fee 1,276,376.56 1,327,431.62 1,380,528.88 1,435,750.04 1,493,180.04
Rent Expense 1,150,779.08 1,196,810.25 1,244,682.66 1,294,469.96 1,346,248.76
Advertising 1,141,948.08 1,187,626.00 1,235,131.04 1,284,536.29 1,335,917.74
Other Employee
908,808.26 945,160.59 982,967.02 1,022,285.70 1,063,177.13
Benefits
Repairs and
837,693.95 871,201.71 906,049.77 942,291.77 979,983.44
maintenance
Utilities 811,808.09 844,280.41 878,051.63 913,173.69 949,700.64
Fringe Benefits 658,659.46 685,005.83 712,406.07 740,902.31 770,538.40
SSS, Philhealth,
HDMF
437,238.98 454,728.54 472,917.69 491,834.39 511,507.77
& other
contributions
Taxes and Licenses 437,056.62 454,538.88 472,720.44 491,629.26 511,294.43
Delivery Charges 420,027.97 436,829.09 454,302.25 472,474.34 491,373.32
Representation &
266,111.66 276,756.13 287,826.38 299,339.43 311,313.01
Entertainment
Insurance 300,493.28 312,513.02 325,013.54 338,014.08 351,534.64
Stationery and
office 247,925.50 257,842.52 268,156.22 278,882.47 290,037.76
Supplies
Trainings and
193,330.60 206,863.74 221,344.20 236,838.29 253,416.97
seminars
Dues and
84,466.20 87,844.85 91,358.64 95,012.99 98,813.51
subscription
Commission 52,069.06 54,151.82 56,317.89 58,570.61 60,913.43
Miscellaneous 940,448.96 978,066.92 1,017,189.60 1,057,877.18 1,100,192.27
Total Payments 29,223,311.21 30,865,177.26 32,605,823.30 34,451,517.91 36,408,942.62
Net Cash
4,783,969.51 20,145,743.82 41,997,648.78 55,072,648.58 67,538,561.81
Gain/Loss
Cash,
9,368,904.50 14,152,874.01 34,298,617.84 76,296,266.62 131,368,915.20
Beginning
Cash, Ending 14,152,874.01 34,298,617.84 76,296,266.62 131,368,915.20 198,907,477.01
Less: Desired
Level of Cash 10,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00
Total Loans
Outstanding to
- - - - -
Maintain Desired
Level of Cash
Surplus Cash 4,152,874.01 24,298,617.84 66,296,266.62 121,368,915.20 188,907,477.01
  Projected Capital Expenditure

Table 12.7 Projected Capital Expenditure of Guhring Philippines Inc. for 5 years

Projected
Capital
Expenditure Notes 2019 2020 2021 2022 2023
Guhring
Philippines Inc.
2019-2023

STATEMENT OF COMPREHENSIVE INCOME

Operating Expenses
Salaries & Wages
10,824,186.45 11,581,879.50 12,392,611.07 13,260,093.84 14,188,300.41
Travel Expense
5,183,509.85 5,546,355.54 5,934,600.42 6,350,022.45 6,794,524.03
Depreciation &
9
Amortization 3,589,503.37 3,733,083.51 3,882,406.85 4,037,703.12 4,199,211.25
Professional Fee
1,276,376.56 1,327,431.62 1,380,528.88 1,435,750.04 1,493,180.04
Rent Expense 10
1,150,779.08 1,196,810.25 1,244,682.66 1,294,469.96 1,346,248.76
Advertising
1,141,948.08 1,187,626.00 1,235,131.04 1,284,536.29 1,335,917.74
Other Employee
Benefits 908,808.26 945,160.59 982,967.02 1,022,285.70 1,063,177.13
Repairs and
Maintenance 837,693.95 871,201.71 906,049.77 942,291.77 979,983.44
Utilities
811,808.09 844,280.41 878,051.63 913,173.69 949,700.64
Fringe Benefits
658,659.46 685,005.83 712,406.07 740,902.31 770,538.40
SSS, Philhealth,
HDMF & other
437,238.98 454,728.54 472,917.69 491,834.39 511,507.77
contributions
Taxes and Licenses
437,056.62 454,538.88 472,720.44 491,629.26 511,294.43
Delivery Charges
420,027.97 436,829.09 454,302.25 472,474.34 491,373.32
Representation &
Entertainment 266,111.66 276,756.13 287,826.38 299,339.43 311,313.01
Insurance
300,493.28 312,513.02 325,013.54 338,014.08 351,534.64
Stationery and office
Supplies 247,925.50 257,842.52 268,156.22 278,882.47 290,037.76
Trainings and
seminars 198,751.08 212,663.66 227,550.11 243,478.62 260,522.12
Dues and
subscription 84,466.20 87,844.85 91,358.64 95,012.99 98,813.51
Commission
 52,069.06 54,151.82 56,317.89 58,570.61 60,913.43
Miscellaneous
940,448.96 978,066.92 1,017,189.60 1,057,877.18 1,100,192.27
STATEMENT OF FINANCIAL POSITION
Cash 198,907,477.0
14,152,874.01 34,298,617.84 76,296,266.62 131,368,915.20
1
Trade and Other
120,360,268.2
Receivables 63,763,651.35 82,892,746.76 99,471,296.11 109,418,425.72
9

Inventories 455,629,034.8
44,999,306.78 56,634,351.26 86,081,499.09 173,968,691.31
5
Prepayments and
Other Current Assets 8,307,526.92 9,138,279.61 10,052,107.57 11,057,318.33 12,163,050.16
Property and
Equipment – net 15,809,399.49 17,390,339.43 19,998,890.35 21,998,779.38 25,298,596.29
Deferred tax assets
2,024,148.50 2,226,563.35 2,449,219.69 2,694,141.65 2,963,555.82
CAPITAL
EXPENDITURE
5,651,598.96 5,314,023.46 6,490,957.76 6,037,592.16
(CapEx)
  Projected Statement of Income and Expense

Table 12.8 Projected Statement of Income and Expense of

Guhring Philippines Inc. for 5 years

Projected
Statement of
Income and
Expense Notes 2019 2020 2021 2022 2023
Guhring
Philippines
Inc.
2019-2023

Sales 133,448,780.08 146,793,658.09 161,473,023.90 177,620,326.29 195,382,358.92

Cost of Sales 8 77,400,292.45 85,140,321.69 93,654,353.86 103,019,789.25 113,321,768.17
Gross Profit 56,048,487.63 61,653,336.40 67,818,670.04 74,600,537.04 82,060,590.74
Operating
11 29,767,862.47 31,444,770.39 33,222,788.16 35,108,342.54 37,108,284.09
Expenses
Operating
12 26,280,625.17 30,208,566.01 34,595,881.87 39,492,194.50 44,952,306.66
Profit/Loss
Finance Costs - 11,485,107.04 - 12,633,617.74 - 13,896,979.52 - 15,286,677.47 - 16,815,345.22
Profit/Loss
14,795,518.13 17,574,948.27 20,698,902.36 24,205,517.03 28,136,961.44
Before Tax
Tax 13 4,438,655.44 5,272,484.48 6,209,670.71 7,261,655.11 8,441,088.43
NET INCOME 10,356,862.69 12,302,463.79 14,489,231.65 16,943,861.92 19,695,873.01
  Projected Statement of Financial Position

Table 12.9 Projected Statement of Financial Position of

Guhring Philippines Inc. for 5 years

Projected
Statement of
Financial Position Notes 2019 2020 2021 2022 2023
Guhring
Philippines Inc.
2019-2023

ASSETS
Cash 1
14,152,874.01 34,298,617.84 76,296,266.62 131,368,915.20 198,907,477.01
Trade and Other
2
Receivables 63,763,651.35 82,892,746.76 99,471,296.11 109,418,425.72 120,360,268.29
Inventories 3
44,999,306.78 56,634,351.26 86,081,499.09 173,968,691.31 455,629,034.85
Prepayments and Other
4
Current Assets 8,307,526.92 9,138,279.61 10,052,107.57 11,057,318.33 12,163,050.16
Total Current Assets
131,223,359.06 182,963,995.46 271,901,169.39 425,813,350.56 787,059,830.31
Property and Equipment –
5
net 15,809,399.49 17,390,339.43 19,998,890.35 21,998,779.38 25,298,596.29
Deferred tax assets
2,024,148.50 2,226,563.35 2,449,219.69 2,694,141.65 2,963,555.82
Total Noncurrent Assets
17,833,547.99 19,616,902.78 22,448,110.03 24,692,921.04 28,262,152.11
TOTAL ASSETS
149,056,907.05 202,580,898.25 294,349,279.42 450,506,271.59 815,321,982.42

LIABILITIES & EQUITY

Trade and Other Payables 6
79,953,906.48 83,951,601.80 104,939,502.25 146,915,303.15 264,447,545.67
Income Tax Payable
348,804.09 352,292.13 387,521.34 542,529.88 813,794.81
Total Current Liabilities
80,302,710.56 84,303,893.93 105,327,023.59 147,457,833.03 265,261,340.48
Due to Parent Company 7
35,598,051.14 72,818,395.19 129,074,415.05 226,156,735.87 453,473,066.22
Total Noncurrent
Liabilities 35,598,051.14 72,818,395.19 129,074,415.05 226,156,735.87 453,473,066.22
Total Liabilities
115,900,761.70 157,122,289.12 234,401,438.64 373,614,568.90 718,734,406.70
Capital Stock (9,076 stocks
at Php1,000 par were
9,076,000.00 9,076,000.00 9,076,000.00 9,076,000.00 9,076,000.00
authorized and
subscribed)
Retained Earnings (Deficit)
24,080,145.34 36,382,609.13 50,871,840.78 67,815,702.70 87,511,575.71
Unappropriated R.E.
6,020,036.34 9,095,652.28 12,717,960.19 16,953,925.68 21,877,893.93
Appropriated R.E.
18,060,109.01 27,286,956.85 38,153,880.58 50,861,777.03 65,633,681.78
Total Equity
33,156,145.34 45,458,609.13 59,947,840.78 76,891,702.70 96,587,575.71
TOTAL LIABILITIES &
EQUITY 149,056,907.04 202,580,898.25 294,349,279.42 450,506,271.60 815,321,982.41
  Projected Statement of Changes in Equity

Table 12.10 Projected Statement of Changes in Equity of

Guhring Philippines Inc. for 5 years

Projected
Statement of
Changes in Equity 2019 2020 2021 2022 2023
Guhring Philippines
Inc.
2019-2023

SHARE CAPITAL (Capital

Stock (9,076 stocks at
Php1,000 par were 9,076,000.00 9,076,000.00 9,076,000.00 9,076,000.00 9,076,000.00
authorized and
subscribed.)

RETAINED EARNINGS
(DEFICIT)
Balance at the beginning of
(1,453,072.00) 5,614,715.00 13,723,282.65 24,080,145.34 36,382,609.13
year
Net Income for the year 7,067,787.00 8,108,567.65 10,356,862.69 12,302,463.79 14,489,231.65
Balance at the end of the
5,614,715.00 13,723,282.65 24,080,145.34 36,382,609.13 50,871,840.78
year
14,690,715.00 22,799,282.65 33,156,145.34 45,458,609.13 59,947,840.78