Feasib Study

Kingfisher School of Business and Finance
Table of Contents
I. Executive Summary ...................................................................................................... 3
II. Introduction ................................................................................................................... 3
A. Company Background ...................................................................................................... 5
B. Vision Statement: .............................................................................................................. 6
C. Mission Statement: ........................................................................................................... 6
D. Objectives ......................................................................................................................... 6
E. History .............................................................................................................................. 7
F. Product Description........................................................................................................... 7
G. Location Profile ................................................................................................................. 8
H. SWOT Analysis ................................................................................................................10
Strengths ..................................................................................................................10
Weaknesses .............................................................................................................11
Opportunities.............................................................................................................11
Threats......................................................................................................................12
III. Industry Analysis .........................................................................................................14
A. Industry Overview ............................................................................................................14
B. Supply..............................................................................................................................15
C. Demand ...........................................................................................................................15
D. Porter‟s Five Forces Model ..............................................................................................16
Bargaining Power of Suppliers ..................................................................................16
Bargaining Power of Consumers ...............................................................................16
Threats of New Entrants............................................................................................17
Threats of Substitutes ...............................................................................................18
Competitive Rivalry between Existing Players ...........................................................19
E. Competitors‟ Profile..........................................................................................................19
IV. Review of Related Literature .......................................................................................21
V. Marketing Feasibility ....................................................................................................23
A. Consumer‟s Analysis .......................................................................................................23
B. Marketing Mix ..................................................................................................................27
Product .......................................................................................................................27
Price ...........................................................................................................................28
Place...........................................................................................................................28
Promotion ...................................................................................................................29
VI. Technical Feasibility ....................................................................................................33
A. Production Process ..........................................................................................................33
Batac, A. O., Abedania, M.F., Begenio, M.E., Carane, J.G., Fernandez, M.S., Garcia, D.L., Gabrillo, H.Y., Zamora, K.A 1
B. Flowchart of Activities ......................................................................................................35
Production Cycle ........................................................................................................35
Expenditure Cycle ......................................................................................................35
Revenue Cycle ...........................................................................................................36
C. Gantt Chart ......................................................................................................................37
D. Production Time Table .....................................................................................................38
E. Facility Layout ..................................................................................................................40
F. Initial Investment ..............................................................................................................41
G. Suppliers Information .......................................................................................................44
H. Economies of Scale .........................................................................................................45
VII. Management Feasibility ...............................................................................................46
A. The Management Team ...................................................................................................46
B. Organizational Structure ..................................................................................................47
C. Duties and Responsibilities ..............................................................................................47
D. Operating and Work Schedule .........................................................................................48
VIII. Financial Feasibility .....................................................................................................50
A. Financial Assumptions .....................................................................................................50
B. Product Costing ...............................................................................................................57
C. Financial Statements .......................................................................................................58
D. Notes to Financial Performance .......................................................................................62
E. Breakeven Analysis .........................................................................................................71
F. Comparative Analysis ......................................................................................................71
G. Financial Ratios and Analysis ..........................................................................................74
IX. Conclusion....................................................................................................................79
X. References ....................................................................................................................81
XI. Appendices……………………………………………………………………………………………………………………..84
Appendix A: Survey Questionnaire……………………………………………………….………………..85
Appendix B: Articles of Partnership……………………………………………………………….……….86
Appendix C: Monthly Compensation Table……………………….………………………………….....89
Appendix D: Finance Lease Agreement………………..……………….…………………………….....90
XII. Curriculum Vitae……………………………………………...………………………………………………....91
I. Executive Summary
Boar Hut is engaged in raising and selling live native pigs. This variety of pigs known as
“Sus Philippensis” is endemic in the country but due to the rampant hunting they constantly
decreased. The Department of Environment and Natural Resources has now decreed to
penalize any hunting of this specie in the wild. This action of the government created a demand
in the backyard market for the native pigs. As a response, the government put an effort to
advocate raising of this breed for consumption. The facility is located in Cabilocaan, Calasiao,
Pangasinan with a total land area of 10,000 square meter that can accommodate 25 sows ready
for breeding. The location is best suited for raising because it is far from residential areas yet it
is accessible and near to the highway. The location is also a grassy plain that is best for free
range enclosure.
Its target market includes the meat retailers, lechon houses, and those individuals from
Calasiao and Dagupan who opt to raise native pig for personal consumption. Process of raising
and feeding schedule of native pigs are the value-adding of the product. Thus, the proponents
can ensure that the native pigs‟ meat is tastier and leaner compared to other commercialized
kind of swine. The competitive advantage of the business is the nutritional content of the
product which is rich in Vitamin B6, Vitamin B3, Thiamin, Selenium and Zinc.
Based on the information gathered by the researchers, the gap between the supply and
demand of live native pigs is 77, 397 heads annually from Quezon, Marinduque, and Sta.
Barbara.
The initial native pigs were acquired from Mrs. Josella O. Mislang from Labrador,
Pangasinan, who is a seller and owner of small native piggery, at a maximum price of
₱3,500.00 per native pig. The company chose to outsource native pigs from Mrs. Mislang
because the native pigs raised by her came from the wild. Thus, the consumers can assure that
the native pigs which the company offers are naturally grown so, it has leaner and tastier meat.
Since the product is new to the market, the company created a promotional scheme that
involves the participation to the direct marketing, social media and attending agricultural fairs.
The company uses direct marketing as one of its promotional tactics because this can build
relationship and gain customer loyalty to its target market. Another is the use of social media
and agricultural fairs because this can help the company in promoting the product on the larger
market. Boar Hut will sell native pigs at Brgy. Cabilocaan, Calasiao, Pangasinan and will deliver
through multicab or will pick-up by the buyers depending on the agreement.
The initial investment needed for this business is ₱1,200,000.00. This is to cover the
expenses needed for the land and other miscellaneous expenses as well as the acquisition of
the native pigs for breeding. The process of breeding will start by mating the sow and the boar
and will end in farrowing the piglets, and then they will be breastfed until they are ready to wear
or to be separated from the mother. Based on Dr. Geraldine Beralde, the survival rate of piglets
is 100% if it is well-taken care of but if it‟s not, there will be a mortality rate of 20%.
Melrose Abedania is the operations manager. She attained her knowledge on raising
native pigs through his uncle, Augosto Fernandez, who is a raiser of native pigs. The net
income for the five-year operation will be (₱208,956.99), ₱428,895.20, ₱1,101,873.95,
₱1,586,747.60 and ₱1,327,447.50, respectively. The average return on investment for the five-
year operation is 47.21% with a payback period of 2.89 years which is shorter than the normal
payback period of 4.7 years based from EntriPinoys Atbp. The net present value is
₱3,236,259.55. The normal ratios for this kind of industry based on Manitoba are 10% –15% for
return on investment.
The current market focuses only on the commercial meat because of its credibility and
people are used to these products. Nowadays, more people are finding alternatives as they
become aware of the health implications of commercial meat due to the change in the feeds that
being fed to the commercial pigs. Advancement in technology has also spread to the food
products that are available in the market. The benefits of the native pigs and its nutrients can be
the game changer in the markets today.
II. Introduction
Wild native pigs are naturally grown pig that has leaner and tastier meat. Its meat is
similar to commercial pork though it has brighter red color that indicates high quality and
freshness of meat. Domestically cultured male native pig is commonly known as black boar,
which has either black or black with a white belly. Today, people raise this breed from their
backyards. Although some of these breed is already crossed with hybrid pigs to yield greater
weight, there are still owners who keep native pigs in pure breed.
Considering the demand of meat product in the country and different lifestyles in terms of
food intake of consumers, the proponents choose a product that would satisfy these factors.
The researchers chose the native pig business to raise an advocacy towards having a healthier
meat diet. The essence of the business is to provide an alternative meat that is healthier than
commercially sold pork, chicken, beef and carabeef. Based on the research and observations,
the product of the business can both support the demand for high quality meat and nutritious
product, live native pig is best for both practical and healthy lifestyle. The significance of this
study to the readers is giving them insights to produce other products which can expand the
market for the native pig. For the community, they can get additional income by engaging and
promoting to this kind of business.
A. Company Background
The Boar Hut is a business engaged in raising and selling native pigs. It is located in
Barangay Cabilocaan, Calasiao. The company‟s goal focuses not only on the profit but also
promoting native pig to become one of the flagship products of Pangasinan because it gives the
business an opportunity in a wider market and it will also give the market an additional choice.
The location of the facility has high supply of naturally grown plants and vegetables that
are needed for the consumption of native pig. Its target market is the buyers of live native pigs in
Dagupan and Calasiao and those consumers who are low, middle, and high income earners.
The estimated initial inputs for the company is Ᵽ1,107,081 (refer to page 41 for the
breakdown) for the first year of operation. The figure covers the building for the transportation
equipment, the initial boars, fences, utilities and labor for the year. The Return on Investment of
the company is (17.41%), 43.28%, 80.41%, 76.98% and 52.80% for Year 1, Year 2, Year 3,
Year 4, and Year 5, respectively (refer to page 76 for the computation).
The business is organized as a general partnership among the proponents since it is
easier to form the organization and requires less business requirements than corporation.
The Logo
The logo signifies adaptability of the product since it is colored in brown and designed in
wood which implies the ability of live native pigs to adapt to different weathers. The logo also
suggests nativity and originality just like the color of salakot and abaka that signifies the original
Filipino nature.
B. Vision Statement
Our vision is to become the top producer of high quality native pig.
C. Mission Statement
Our mission is to provide and maintain trusted quality native pig.
D. Objectives
General:
To raise the demand of swine products that is uncommonly served in the market and
provides high quality of healthy meat in terms of components and process.
Specific:
1. To build up market share by at least 15% within 5 years by selling through distribution to
buyers of native pig produced naturally, specifically the consumers who wants better
alternative and who are willing to buy the company‟s product at the price set by the
company.
2. To achieve a net profit margin of at least 30% each year through promotional tactics and
creating a brand that advocates the reduction of unhealthy fats in the meat and effective
informative advertising that promotes healthy substitute for commercial meat.
3. To establish cost control by minimizing the budget for production with a sanitized facility
to at least 30% less than the total annual sales.
E. History
Black boar, a domestically cultured male native pig, originated from four endemic wild
species namely Sus Philippensis, Sus Cebifrons Negrinus, Sus Ahoenobarbus, Sus
Philippensis Mindnensis found in Luzon, Negros Island, Palawan, and Mindanao respectively.
They are characterized to be black in color with small ears and eyes, and with an elongated
snout. The males have tusks projecting upward, reminiscent of their wildness. Native pigs are
literal “piggy banks” commonly raised in backyards by thousands of small farmers throughout
the country as an additional source of income. A project to improve the growth and breeding
performance of native pig was started in the late 1990s by the Department of Agriculture‟s
National Swine and Poultry Research and Development Center (NSPRDC) of the Bureau of
Animal Industry (BAI) in Tiaong, Quezon. The so-called BAI-Training black pigs or BT blacks
for short were developed by the NSPRDC through the selective breeding of native pigs from
Benguet, Marinduque, and Quezon (Guerrero III, 2016). This variety of native pig was breed to
fit for human consumption without endangering its wild counterpart.
F. Product Description
Black boar is a wild male pig “Sus Philippensis” that was cultured in captivity and
commonly known as Philippine wild native pigs. Boar is used to define an adult male of
domestic species but same term is used for the whole species of wild native pig including wild
sow and wild boar piglet. The business produces and offers live native pig to the market.
Breeds of pig
Commercial swine is a The Native pig is a wild The wild pigs are the
hybrid that is available in the pig held in captivity. It is predecessors of native pigs.
market nowadays. It is commonly raised for They commonly have long
commonly used for personal consumption only. and sharp tusks similar to
CHARACTERISTICS They are cultured to have the elephants. They have
commercial food processing
and home cooking. Two lean and tender meat. slick muscles and hard
examples of these varieties bodies for hunting.
are landrace and large white.
For 100 grams. Low in sodium and rich in

NUTRITIONAL Calories: 297 miligrams Vitamin B3, Selenium,
No information is available.
VALUE Water: 53% Thiamine, Vitamin B6 and
Fat: 20.8 grams Zinc.
Table 1. Different Breeds of Pig
Boar Hut sells live native pig five
months after they were born which weighs 25-
35 kilograms and is also available on
September of the first year of operation to give
way for breeding process of boars. The pigs
that the company sells are free from antibiotic
to be fit for human consumption.
G. Location Profile
Boar Hut's piggery and processing facility is located in Barangay Cabilocaan, Calasiao,
Pangasinan. The current status of the land is for agricultural purpose, has an area of 10,000
square meters and can accommodate approximately 25 native sows with piglets at maximum.
Mrs. Juliana Gabrillo, the owner, agreed to sell the land through finance lease because most of
their relatives are in abroad and no one is left to administer the land. Also, because it is far from
the market it would be hard for someone to setup a residence in the area. The owner and the
researchers agreed to pay an annual payment of P535,000.00 including interest for 10 years
with a current amount of P4, 505,981.37 (P450.59 per square-meter) based on the rate given by
municipal assessor.
vv
Legend:
- going to Boar Hut‟s piggery - Boar Hut‟s piggery
- going to Dagupan
- going to Sta. Barbara
H. SWOT Analysis
Strengths
 Versatile and low maintenance kind of swine
Native pig can easily adapt to its surroundings because it is environmentally-versatile
which is good for the researchers because it is not sensitive to the food that it consumes and
to the place where it is raised. It is also low in maintenance because native pig can live even
without feeds, only plants and vegetables are enough in order for it to survive and the quality
of its meat was not sacrificed even though its foods are low cost. It is maintained by raising
only this kind of native pig in a way that it will not be crossed-breeds to other types of pigs
that can change the genetic compositions of the original native pig that the researchers'
business is getting into.
 High yielding sows
According to Dr. Geraldine Beralde, a Veterinarian II of Department of Agriculture-
Sta. Barbara, the average offspring of native pig is 7-8 piglets. If it is well-taken care by the
management, the native pig‟s offspring can be maximized to an average of 8-13 piglets
which will increase the production of native pig. To maintain this strength, the pregnant native
pig will be fed enough plants and vegetables to gain nutrients for the offspring. Furthermore,
the researchers will reduce the food intake of the pregnant native pig in order to reduce the
offspring‟s death due to obesity in pregnant dam.
 Capability of the management to raise native pig
It is strength for the researchers to have someone in the business who knows how to
raise a native pig because this minimizes the cost incurred instead of hiring someone to do
the work. The researchers maintain this as one of the strengths by letting one of the
researchers, Melrose Abedania to teach his companions in raising and managing the native
pigs. Melrose Abedania, as one of the partners has the capability to teach her companions
since she has observed and taught by her uncle, Mr. Augosto Fernandez in managing his
own piggery. Another, the researchers also consults with the Veterinarian and attends
agricultural seminars like Practical Native Pig Raising hosted by Ecopig Development
Corporation so that their knowledge about native pigs will broaden.
 Good location for native pig raising
The location that the researchers have chosen to put up the native pig raising and
processing is in Barangay Cabilocaan, Calasiao, Pangasinan wherein it is far from the
residential areas and not prone to floods. Given that it is far from residential areas, the
company will not receive any complaints from people about the odor coming from native pig‟s
waste. Since the current status of the land is for agricultural purposes, there is an abundant
supply of foods for native pig such as plants and vegetables that are available. In addition,
rice hulls can be used in beddings for pig pens to minimize bad odors from waste of pigs.
Weaknesses
 The price of native pig is higher than commercialized pig
It is a weakness for the business because the consumer might prefer to buy the
commercialized pig since it has lower price. To minimize this, the company will assure that
the quality of the native pig is worth the price by controlling their food intake trough
scheduling and monitoring the process of raising. The native pig has the least cholesterol
than pork and beef. It also has less fat than chicken.
 Newly established business
Being a newly established business is a weakness to the company because they need
to build a brand for which the people can trust in order to for them to buy the product.
Consumers are not too keen in buying products to businesses that only just started and stick
to the things they are familiar with. To minimize this, the company will use promotional
schemes such as social media and direct marketing that can gain the trust of the consumers.
Opportunities
 Available supply of native pig
This is an opportunity because it will be easy for Boar Hut to operate and produce
products because the company has an available supplier of native pig located in Labrador,
Pangasinan. The researchers will buy 12 heads of native pigs for breeding from Mrs. Josella
Omar Mislang because she sells purebred native pigs.
 Government support
Due to the agreement signed by Hon. Amado Espino Jr. and the Department of
Agriculture to promote the production and raising of native varieties of swine industry, native
pig is slowly gaining popularity which results to an increasing market size. With this action of
the government, a demand was created in the backyard market for the native pigs which
become advantage for the company in selling and marketing the live native pigs.
 Increasing demand of meat in the Philippines
This is an opportunity of the company because based from the study of research firm
named Chatham House in the United Kingdom, the Philippines ranks among the top 10 meat
consumers in the world. This shows that the demand of meat in the Philippines is increasing
so, Boar Hut offers native pigs to provide an additional supply of meat. In addition to that
Filipinos per capita consumption of meat has increased to 15 kilograms for pork, 10 to 14
kilograms for chicken and 2 kilograms for beef (Simeon, 2016). These populations of meat
eaters are considered as potential consumers of Boar Hut‟s products. To capitalize on this
opportunity, the company will ensure the quality of its product as one of the healthy substitute
of meat and will conduct effective promotional strategies such as setting up tarpaulins and
using social media sites.
Threats
 Same impression of having high cholesterol to commercialized pig
One of the threats in the company is the same impression of people between native pig
and commercialized pig. They might think that there is no difference in terms of benefits
between the commercialized pork and the native pig. This can be minimized through using
the promotional tactics – direct marketing, giving brochures, using social media sites and
attending agricultural fairs such as Umaani Expo, Livelihood Expo and Davao Agri-Trade
which shows the difference between the popularly known commercial pigs to native pig. They
will be informed that a more affordable price of native pig is healthier than the
commercialized pig.
 Possible diseases of swine
The researchers identified this as a threat because the demand for the product
decreases if the consumers find out that there is an occurring disease in swine industry such
as swine influenza, foot and mouth diseases and hog cholera. According to Dr. Rene
Santiago, the Center's Chief of NSPRDC for Disease Prevention, only anti-hog cholera
vaccine is needed. Therefore, the researchers will make sure that the pig pens are cleaned
regularly and will inject hog cholera vaccine to the native pigs.
 Damages caused by natural calamities
It is a threat because natural calamities such as typhoons and earthquakes can cause
massive damages specifically to the fences that are built around the area and can also cause
death or injuries to the native pig that leads to a decrease in supply and profit. To minimize
the damages, when there is a forecasted calamity within the area, the company will secure
native pigs to one place. In order for the fences to stay intact and will not be destroyed easily
by natural calamities, the base which supports the fence was cemented and hog wires will be
used so that the air can pass through.
 Destructions and losses brought by thieves
The researchers identified this as a threat because there is a possible loss of income
due to the reduction of native pigs and destruction of facilities brought by thieves. To prevent
this situation, the company will perform everyday monitoring and will build permanent fences
that help in safeguarding the place. Aside from that, the researchers will also coordinate with
the Barangay Officials of Cabilocaan in securing the place since it is their responsibility to
maintain peace and order to their respective domain.
III. Industry Analysis
A. Industry Overview
Philippines is known to be a country that relies on agriculture for living. According to the
Philippine Statistics Authority (2017), 8.4 percent of overall GDP in agriculture was in Ilocos
Region. Moreover, the 160.7 thousand hectares of land in Pangasinan was designated for
farming. These data justify on how good agricultural industry is in the province of Pangasinan.
Considering that Pangasinan has the largest land area in region one, it is not impossible for the
people to venture on farming and animal raising.
Livestock are domesticated animals raised in an agricultural setting to produce
commodities such as food, fiber and labor. The term is often used to refer solely to those raised
for food, and sometimes only farmed ruminants such as cattle and goats. Recently, the
Philippine Statistics Authority was posted that on the first three months of the year 2017 there is
a 3.22 % growth rate in output in the livestock industry while in the swine industry, there is a
3.50% growth rate in the production.
Swine industry rank first when it comes to the leading industry in Pangasinan. As of
2015, the total hog inventory is 12.3 million heads. Thirty percent (30%) of this tally came from
the backyard raising and sale. Native pig raising is still making its mark in the industry a
corporation named ECOPIG Development Corporation now raising native pigs for commercial
selling. The Pampanga facility of this corporation holds eight hundred thousand native pigs in
capacity and still seeks investment because of the demand.
Native pig farming is widely known to the people as personally raised and consumed
type of industry. It is long been part of pseudo market or it is only distributed through personal
channels.
The supply for live native pig is 213,595 heads while the demand is 290,992, there is a
gap of 77,397 heads of native pig.
B. Supply
The leading producers of live native pig are in the province of Quezon and Marinduque
As reported by the Department of Agriculture-Bureau of Animal Industry in 2014, native pig has
a ratio of 9:3:1 which represents lean, bones and fats respectively. Thus a 30-kilogram native
pig is composed of 21 kilograms of meat, 7 kilograms of bone and 2 kilograms of fats.
According to Dr. Geraldine Beralde, Veterinarian II of Department of Agriculture in Sta.
Barbara, every seven months each breeder sows can produce an average of 7-8 piglets that
weighs 1.5 kilograms each.
Being the top two native pig producing provinces in Luzon, Quezon and Marinduque
were selected as the study areas of the research from November 2014 to March 2015
conducted by Center for Environmental Law and Policy Advocacy (CELPA), Inc. Based on the
study, the native pig farmers of Quezon Province and Marinduque on the year 2014 produces a
total of 213,459 live native pigs. From this total, Quezon has a supply of 118,275 heads and
Marinduque supplies the remaining 95,184 heads of live native pigs. Aside from the production
of live native pigs in Quezon and Marinduque, additional supply of live native pigs is located in
Barangay Banaoang and Maticmatic, Sta. Barbara that produces 41 heads of live native pigs
owned by Mr. Alberto Padilla and 95 heads of live native pigs which is administered by
Barangay Kagawad Roberto Abalos, respectively. Therefore, the total production of live native
pigs based on the above information is 213,595.
C. Demand
Meat products are widely distributed in the country. So far there are many varieties of
meat that are available in the market like beef, carabeef, chicken and pork. Based on the study
from United Kingdom research firm named Chatham House, the Philippines ranks among the
top 10 meat consumers in the world. Based on Philippine Statistics Authority (2015), the annual
meat consumption of an average Filipino in the year 2014 is 31.11 kilograms. This includes 2.02
kilograms of beef, 1 kilogram of carabeef, 11.16 kilograms of chicken and 16.93 kilograms of
pork.
The demand of live native pig as reported by Center for Environmental Law and Policy
Advocacy (CELPA) in the province of Quezon, Marinduque, and Burias Island is 183,432,
99,994, and 7,538 heads of live native pig respectively. Additionally, Mr. Alberto Padilla, seller of
native pigs in Barangay Banaoang, Sta. Barbara has sold twenty-eight (28) live native pigs on
2016. In the year 2014 and 2016, the total demand for live native pigs is 290,992.
D. Porter’s Five Forces Model
Bargaining Power of Suppliers – MODERATE

On the assessment of the researchers, Boar Hut has moderate level in terms of
bargaining power of suppliers because the company only needs to buy its initial livestock and
the subsequent supply of the native pig is produced by the company.
In determining this, the company considers the inputs needed in farming and processing
of native pig. Boar Hut requires inputs as initial capital for breeding, farming and monthly
maintenance. For breeding and raising purposes, the inputs needed includes: two (2) black boar
(5-month old) and ten (10) native pig sow (5-month) old. To maintain the quality of the native
pigs, the inputs needed are rice bran from Calasiao Mill, hog cholera vaccine from Municipal
Agriculture – Sta. Barbara, buttlenut, ipil-ipil and kakwate from the grazing area of the Boar Hut
which are used for the new born and iron supplement from Dr. Erik Celso which is to be injected
to prevent stockiness and to raise survival rate.
The native pigs that are used for breeding were outsourced from Mrs. Josella Omar
Mislang of Labrador, Pangasinan because the native pigs she sells are purebred that came
from the wild.
Bargaining Power of Consumers – MODERATE

In determining the pressure that the buyers may exert on the company, the researchers
have assessed that the bargaining power of consumers is on the high level considering the
factors such as few substitutes, low switching cost, high technical capability and high knowledge
about the product of the buyers.
The substitutes for live native pig which are typically seen in the market as other
livestock meat provider are limited to commercialized white pigs, live chickens and goats. The
cost for a buyer in switching to another seller of live native pig is low because in the market, the
price of the live native pigs is often measured in terms of weight. This means that there will be
no loss to be incurred by the buyer when they buy to other seller. The consumers can also
easily produce the product of the company because the technical capacity and the knowledge of
producing live native pigs can be obtained by having enough capital and well-educated people
in raising and breeding of live native pigs.
According to Jamie Plotnek, Carbon Trust Corporate Communication Manager,
compound manual growth rate of meat eaters in the Philippines from 2011 to 2021 was
predicted to be over 30 percent a year for pork, chicken, and beef. Although there are other
alternatives, the consumers still buy the company‟s products. The company only needs to
strengthen its promotional strategy through personal marketing and raising advocacy by
participating in trade fairs and agricultural convention to gain customer loyalty.
Threats of New Entrants – MODERATE

The threat of new businesses entering this industry which involves selling live native pigs
is moderate because of the high initial investment needed. Based on the computation made by
the Department of Agriculture- International Training on Pig Husbandry, entering to hog or swine
industry requires more than P3,000,000 of cost with a location length of 500 square meters.
(Myxph, 2015). According to Department of Agriculture, business requirements are easy to
acquire because the local government is promoting the raising and cultivation native pigs. The
only crucial part of establishing this business is the facility needed to sustain the growth of the
native pigs. Dr. Geraldine Beralde, Veterinarian II in Department of Agriculture Sta. Barbara
stated that native pigs are physically versatile, it is easy for businesses to raise them and it is
accepted for backyard raising by the local government.
The business requirements needed to legalize a piggery operation are business name
registration in Department of Trade and Industry (DTI), Barangay Clearance where the piggery
is located, Mayor‟s Permit and License, Sanitary Permit, and Tax Identification Number (TIN) in
Local Bureau of Internal Revenue, and Environmental Compliance Certificate from Department
of Environmental and Natural Resources (Guerrero III, 2016). Slaughtering inside the slaughter
house is also required under Philippine meat inspection and must be adhered by businesses
who are engaged in meat processing business. The estimated capital investment will be
P1, 200,000 which includes feeds, shelter and labor for the native pigs.
Threats of Substitutes - HIGH

The substitutes of native pigs are commercial swine, chickens and goats because these
livestock are currently available and easier to find in Dagupan City and Calasiao. In addition, the
price of commercial swine and live chicken are less expensive compared to live native pigs.
Thus, the threats of substitutes are considered high.
To minimize these threats, the proponents will use direct marketing and social media in
promoting their products. The proponents will use social media since people nowadays are
more active in surfing the internet and searching online for the products they like to buy. Thus,
the consumers can easily find and track down the native pigs which the proponents offer to the
market.
In addition, the nutritional value of the meat produced by the live native pig is healthier
because it contains the highest protein and the least cholesterol and fats compared to its
substitutes. Moreover, the feeds of live native pigs is made up of natural vegetables and rice
bran to ensure that the live native pigs gained the needed nutrients to produce leaner and
tastier meat which can justify its higher pricing compared to its substitutes.
The table below summarizes the data gathered to show the different substitutes for live
native pig. The researchers conclude that the threat of substitutes is high by averaging the
different results of the tables.
Competitive Rivalry between Existing Players - HIGH
The proponents assessed that the competitive rivalry between existing players of the
company is high based on the number of direct and indirect competitors of native pigs and low
industry growth of native pig.
The researchers have identified producers of native pig in Banaoang and Maticmatic in
Sta. Barbara as direct competitors. The piggery in Banaoang, Sta. Barbara which raises forty -
one (41) native pigs was owned by Alberto Padilla. The business currently sells their native pig
during September to December because it is considered the peak season of the business. CSI
Warehouse Farm which is located in Maticmatic, Sta. Barbara and managed by Barangay
Kagawad Roberto Abalos has currently ninety - five (95) native pigs. Also, the proponents
considered the producers of commercialized pig, cow, and chicken in Pangasinan as indirect
competitors. The researchers considered those direct competitors for live native pig because
they offered the same product, whereas the producers of commercialized livestock are
considered as indirect competitor because they offer different products that can be a substitute
for the proponents‟ product.
The business‟ edge among the competitors is the process of raising and feeding native
pigs. The food intake is controlled through scheduling to assure that the pigs will have leaner
meat (see page 34, Feeding Schedule).
E. Competitors’ Profile
The following are the list of the competitors.
Live Native Pig

1) CSI Warehouse farm in Maticmatic, Sta. Barbara
The farm is owned by CSI Warehouse and managed by Barangay Kagawad
Roberto Abalos. CSI Warehouse Farm was started on 2012 with four (4) native pigs. As
of now, the farm has estimated ninety - five (95) native pigs which are used for personal
consumption. However, the warehouse farm sells native pigs to willing buyers in some
cases.
STRENGTHS
 CSI warehouse farm do not need to buy feeds for the native pigs because they collect food scrap from
different branches of CSI.
 The farm‟s land has an area of 7, 000 square meters that is good for the native pigs to roam around according
to Barangay Kagawad Roberto Abalos
2) ECOPIG Development Corporation
Ecopig Development Corporation is one of the leading producers of native pigs
located at Angeles, Pampanga. The estimated native pigs of Ecopig are eight hundred
thousand (800, 000). Moreover, the corporation has a landless farming program for
native pigs such as Ecopig Contract Breeding Investment which covers the farrowing of
native pigs‟ breeders and sale of the piglets produced. Boar Hut considered Ecopig
Development Corporation as competitor because it is one of the leading raisers and
producers of native pigs.
STRENGTHS
 The business offers a unique and specially designed investment program for those willing people who want to
raise native pigs.
 EcoPig Development Corporation offers “Pa-iwi” package where the investors will invest on a number of sows,
the female native pigs, which they will manage and take care of until they gave birth. Profit will be from the
sale of piglets.
3) Native Piggery in Banaoang, Sta. Barbara
The piggery is owned by Alberto Padilla which was located in Banaoang, Sta.
Barbara. The business was started its operation on 2016 with only three (3) native sows.
Currently, they have forty - one (41) native pigs and Mr. Padilla usually sells their native
pigs during September-December which is considered as a peak season for native pigs
according to him. Formerly, they sold twenty - eight (28) native pigs.
STRENGTHS
 The owner, Mr. Alberto Padilla, has business connection which he can offer live native pigs.
 The piggery sells their native pigs during the months of September to December. The income that they can
earn will be enough to cover the cost incurred during the past months.
IV. Review of Related Literature
Native Pig in Philippines

The native pigs in the Philippines originated from the four endemic wild species (“baboy
damo”) in Luzon, Negros Island, Palawan, and Mindanao that have become domesticated. They
are characterized to be black in color with small ears and eyes, and with an elongated snout.
The males have tusks projecting upward, reminiscent of their wildness. Native pigs are literal
“piggy banks” commonly raised in backyards by thousands of small farmers throughout the
country as an additional source of income. Compared to imported pig breeds, native pigs are
easier and cheaper to raise because they are well-adapted to local conditions and do not
require expensive housing and care. They are only fed with organic materials available in the
household or farm like food wastes, vegetable scraps and plant leaves. There is also a growing
market for native pigs in Metro Manila and other big cities for „Lechon‟, a favorite delicacy
among Filipinos that is served during feasts and other special occasions because of its special
taste and the crispiness of the roasted skins.
The wild specie of the native pig is now critically endangered according to the
department of agriculture. Though, the native species of it that is raised in the back yard is
gaining market through backyard sale. “A farmer with two sows, each producing seven
weanlings three times in two years, will have added income of P33,700 from piglet sales alone,”
Dr. Mary Jean Bulatao, the UPLB Native Swine Project team leader, said in a BAR statement
reaching PNA over the week.
Tabuk City, Kalinga: The Department of Science and Technology (DOST) has allotted at
least P50 million to revive the dying Philippine native pig industry in the province. DOST officials
said the project will be undertaken with the Philippine Council for Agriculture, Aquatic and
Natural Resources Research and Development ( PCAARRD), which is attached to the science
department, to conduct a research and development programs on the conservation,
improvement and profitable utilization of the Philippine native pig.
Native Pig Market
Livestock production has expanded by 4.66 percent. The subsector accounted for 17.18
percent of total agricultural output. Hog, as the main growth catalyst, came up with a 5.47
percent increase in production. At current prices, the subsector‟s gross value of output
amounted to P60.0 billion which was 1.23 percent higher than last year‟s record.
The gross value of livestock production amounted to P60.0 billion at current prices. All
components in the subsector contributed to the 1.23 percent growth in the gross value of output.
Price appreciation brought up the gross earnings from goat by 0.74 percent and carabao by
2.98 percent. Higher production and prices led to the gains in the gross values of outputs of
cattle by 1.02 percent and dairy by 1.62 percent. Hog grossed 1.19 percent more this year
because of increase in output.
Native Pig in the World

Scientists find that today's feral pigs are mainly the descendants of the Pacific family
brought by the Polynesians. In addition, the scientists identified a new genetic mutation
responsible for the black colouring of their coats. An international team of researchers studied
the mitochondrial DNA and MC1R gene sequences in tissue samples collected from 57 modern
feral Hawaiian pigs. They found a novel mutation in all the black-coloured pigs which is different
to the mutation in European and Asian domestic pigs with black coats. This finding suggests
that for thousands of years, humans in different parts of the world have been independently
selecting and breeding pigs for their black colour.
Senior author Professor Greger Larson, from the Palaeogenomics and Bio-Archaeology
Research Network at the University of Oxford, said: 'The first pigs introduced to Hawaii by the
Polynesians were kept as domestic animals. No wild boar have black colours since natural
selection only allows camouflaged pigs to survive long enough to reproduce. Humans, on the
other hand, love all kinds of coloured coats and have selected for black coats at least three
times independently in domestic pigs in Europe, Asia, and the Pacific. In the case of pigs, black
has always been the new black.
V. Marketing Feasibility
A. Consumer’s Analysis
The company offers live native pig to buyers of livestock specifically those retailers of
meat from public markets, lechon houses and those individuals who opt to raise native pig
or for personal consumption from Dagupan City and Calasiao. Boar Hut chose the retailers
of meat as one of their target markets because they directly distribute the product to the final
consumers. Since native pigs are best offered as lechon, there are lechon houses looking
for a native pig that is why the company chose them as one of their target markets.
The table below shows the quantity demanded and their frequency of purchase of the
target market and the classification of average income earners.
For Meat Retailers

Dagupan: Quantity Demanded Frequency of Order
Caldona Meat Vendor 5 native pigs twice a week
Sol Macaranas Meat Vendor 17 native pigs per week
Joan Meat Shop 2 native pigs per week
Minda's Quality Meat 3 native pigs per week
Calasiao:
Rose Mendoza 1 native pig per week
Zaira Manansala 1 native pig per week
For Lechon Houses

Dagupan: Quantity Demanded Frequency of Order
Sheinas Lechon 1 native pig per week
Roberto's Lechon 1 native pig per week
Jon-jon Lechon 1 native pig per week
Calasiao:
Mang Eping's Lechon 1 native pig per week
TOTAL 38 native pigs per week
Income Classes for an Average Household

Monthly Annually
High Income P50,000 and up P594,317 and up
Middle Income P11,915 to P49,526 P142,975 to P594,317
Low Income P0 to P11,914.50 P142,975
(Source: Philippine Statistics Authority)
DAGUPAN CITY
Dagupan City is a first class city in Pangasinan and it covers a total land area of 4,008
hectares. The land of Dagupan City is used primarily for agriculture with 35.98%, fishpond, and
crop land and residential with 22.88% and the rest are for industrial, commercial, institutional,
government, parks, and roads. Dagupan‟s economic investment comes from cropland and
agriculture production such as rice and livestock of poultry, swine, cattle and carabao. Currently,
poultry population produces 15,000 heads. People from Dagupan City will buy the company‟s
product because of its leaner meat, taste, and it is not usually offer in the market.
CALASIAO
The economy of Calasiao is basically agricultural. Approximately 72% of total land area
is farmlands and many farmers are engaged in piggery and poultry businesses but most are
backyard enterprises. According to provincial ranking of Local Government Units, the
Municipality of Calasiao ranks 30 out of 1,489 municipalities in local competitiveness. This
rankings show how a municipality knows its resources and how it uses these to improve its
standard of living. Thus, the people living here have the capability to buy the company‟s
product.
With the information gathered about the economic profile of Dagupan City and Calasiao,
the proponents concluded that entering a business engaged in native pig farming is accepted by
the public because the economy of these places is primarily based on agriculture. However,
there might be a stiff competition between the company and livestock growers because there
are alternatives for the proponents‟ products and it is new to the market.
Other Potential Markets:
The target market also extends to those who seek healthier alternative to commercial
pork and its category. The considered potential market of Boar Hut includes the nearby
locations of Dagupan and Calasiao such as Sta. Barbara, San Carlos City, and Mangaldan
market because these places are the drop point of livestock coming from different distributors.
The proponents conducted an online interview with Ms. Patricia from Malolos, Bulacan, she is
engaged in various businesses including reselling native pigs, and accordingly she is
considered as potential target market. The market needs a better meat alternative that is
efficient in terms of taste and benefit than the commercially available products. Boar Hut's
product can satisfy the needs of the target market because of the nutritional content such as low
in Sodium, high Vitamin B3, Selenium, Thiamine, Vitamin B6 and Zinc. These compounds help
in reducing the risk of hypertension, have high protein, and also a good provider of strength.
To further support market analysis of native pigs, the researchers conducted a survey for
a total of two hundred (200) respondents from Dagupan and Calasiao with one hundred (100)
respondents per target market. The purpose of this survey is to determine the opinions of
buyers of livestock. Another is to know the consumers' willingness to buy the Boar Hut's product
and to know the preference of the consumers in buying a product.
Figure 1: Figure 2:
Frequently Bought Meat Frequently Bought Meat
(Dagupan) (Calasiao)
Pork Beef Chicken Goat Pork Beef Chicken Goat
4% 9%
39% 34%
42% 32%
15% 25%
The result of the survey shows that the respondents from Dagupan frquently buys
chicken with forty-two percent (42%) followed by pork with thirty-nine percent (39%). Based on
respondents, they found that chicken is healthier than pork. According to the proponents‟
observation, the supply of chicken do not differ relative from supply of pork in the market. Thus,
the consumers from Dagupan are frequently buying the available meat in the market (Figure 1).
Pork is the frequently bought meat by the consumers from Calasiao with a percentage of thirty-
four percent (34%) because the meat vendors in Calasiao usually sell pork instead of chicken
(Figure 2).
Figure 3: Figure 4:
Native Pig Familiarity Native Pig Familiarity
Familiar Unfamiliar Familiar Unfamiliar
37% 42%
63% 58%
Figure 3 and 4 shows that sixty-three percent (63%) and fifty-eight percent (58%) of
respondents from Dagupan and Calasiao, respectively, are familiar with live native pig because
some of them have native pigs in their backyard. The remaining thirty-seven percent (37%) and
forty-two percent (42%) are unfamiliar because it is not known in the market. The researchers
solve these by introducing it more in the market.
Figure 5: Percentage of people who are Figure 6: Percentage of people who are
willing to buy Native Pig (Dagupan) willing to buy Native Pig (Calasiao)
20% 17%
Willing Willing
80% 83%
Unwilling Unwilling
Eighty percent (80%) and eighty-three percent (83%) of respondents from Figure 5 and
6 are willing to buy live native pig because consumers wanted to raise or process the native pig.
Twenty percent (20%) and seventeen percent (17%) are not willing to buy for some reasons
such as they do not like the appearance of native pig and also it is not yet known to the market.
Therefore, the company‟s solution is to do the proper process of raising and feeding native pigs.
Figure 7: Purpose of buying live Native Figure 8: Purpose of buying live

Pig (Dagupan) Native Pig (Calasiao)
Raising Processing Personal Consumption Raising Processing Personal Consumption
21% 21%
23% 28%
58% 49%
Fifty-eight percent (58%) and forty-nine percent (49%) buys native pig for processing
purposes such as lechon-making and native pig meat production because this is where they can
earn easily. (Figure 7 and 8).
Figure 9: Amount willing to be spent for Figure 10: Amount willing to be spent for
Live Native Pig-average 25 kilograms Live Native Pig -average 25 kilograms
P3500-4500 P4501-5500 P5501 and above P3500-4500 P4501-5500 P5501 and above
8% 3% 11% 1%
89% 88%
Figure 9 and 10 shows that eighty-nine percent (89%) and eighty-eight percent (88%) of
the respondents from Dagupan and Calasiao are willing to spend P3, 500-4,501 for the live
native pig weighing an average of twenty-five (25) kilograms. This shows that the consumers
are willing to support the company‟s product because they are aware that native pigs are easy
to raise and benefits of the native pig.
Figure 12: Average percentage of the Factors

considered in buying Live Native Pig
(Dagupan and Calasiao)
Price Size and weight Appearance
20% 42%
38%
Based on survey, consumers from Dagupan and Calasiao considered the price as a top
factor in buying live native pig with a combined percentage of 42%. Thus, the company
responds by setting affordable price.
B. Marketing Mix
Product
The live native pig will be sold to the
customers who want to raise or process the pig.
Live native pigs will be sold once the pig
reaches its 25-35 kilograms weight because this
is the maximum weight preferred for slaughtered. Live native pigs are anti-biotic free and no
artificial enhancers have been injected to make the meat taste good. The live native pigs will be
as it is in the free range. Customers will be given a chance to choose what pig they would like to
buy. The live native pig will be available by demand, the peak of this product targets the months
of September to January the next year because this months are known to be the most festive
season in the country. The product of the business can qualify to compete in the market
because it is a good alternative to commercial pig in terms of its nutrients and taste.
Price
Boar Hut will set the price of the live native pig based on the market price. Using the
market-based pricing, the company may sell the products at the prevailing market price in the
market. The selling price of the company varies every year as adjustment for inflation rate 3%.
The product has high number of indirect competitors and setting the price in accordance with
the competitors will increase the competitiveness of the products (Rawes, N.A.).
According to Mr. Augosto Fernandez, a raiser and seller of live native pigs, the price in
the market of the live native pig is P2, 500 for the first 10 kilograms and P150 for the excess
kilograms. The company will be selling 5-month old native pig which weighs 25 to 30 kilograms
thus has a price of P4,750 on year 1 and increasing by P150 each year as adjustment for the
inflation. These prices would be followed by the company in order to cope up with the
competitors.
Place
The distribution point for the Boar Hut products is represented by the following
chart:
Boar Hut
Dagupan Calasiao
1. Caldona Meat Vendor 1. Rose Mendoza

1. Sheina's Lechon 1. Mang
2. Sol Macaranas Meat Eping's Meat Vendor
2. Roberto's Lechon Vendor Lechon 2. Zaira
3. Jon-Jon Lechon 3. Joan Meat Shop Manansala Meat
4. Minda's Quality Meat Vendor
Boar Hut chose Dagupan and Calasiao as the places for the distribution of live native
pigs because they are the center of trade and the economy of these places are based primarily
on agriculture which can help in introducing their product to those who buys livestock. The live
native pig will be delivered by the company‟s multicab upon the request of the customer with
additional delivery cost. It can also be picked up by the customer from the Boar Hut‟s location in
Calasiao if they do not want to pay additional charges.
Promotion
Buyers of the product purchase native pigs in its location. In order to reach the buyers
and to promote the product, the business will use the following promotional tactics.
1. Direct Marketing
The sales manager will personally market the product to lechon houses, meat retailers
and livestock buyers through educating and informing them that native pigs have leaner, tastier
and healthier meat. This promotion will be done once a week in Dagupan City and Calasiao.
The company will also give physical marketing materials such as pamphlets. Direct marketing
gives the opportunity for the researchers to promote the product directly to the target market.
Also, this will help to build relationships with new buyers of live native pigs.
Year 1 Year 2 Year 3 Year `4 Year 5
Cost of (150 pieces x (150 pieces x (135 pieces x (120 pieces x (120 pieces x
pamphlets P11.75) = P12.10) = P12.47) = P12.84) = P13.22) =
1,762.50 1,815.00 1,683.45 1,540.80 1,586.40
*The amounts above are subject to 3% inflation rate from the second year to fifth year of operation.
Sample Pamphlets:
2. Attending agricultural fairs
Attending agricultural fairs will use as a promotion tactic for selling native pigs such as in
Umaani Expo in Sta. Barbara, Pangasinan, Livelihood Expo in Pasay, Manila, and Davao Agri-
Trade Expo in Davao City. The researchers have chosen one-week agricultural fairs as a way
to promote Boar Hut‟s product because people nowadays are looking for new products and new
solution to their lifestyles which is to have a healthy living. This would be a great opportunity for
Boar Hut to showcase and demonstrate the product‟s benefits.
3. Social Media Site
Boar Hut will promote its products through creating a page in Facebook to reach and
inform their potential customers. This promotional tactic is effective because it allows the
company to communicate with prospective clients especially those who are into online business
with regards to native pig. Examples of this are the EcoPig Development Corporation and
Philippine Native Pig Network which sells live native pig via Facebook page through this
promotional tactic, they can easily reach their buyers within the region. The company will
coordinate with What‟s Up Dagupan for regular or daily feature to promote the company and its
product monthly. The page will be administered by the company‟s sales manager. This
promotional tactic will be done 20 days per month every year and this also will help the
company to promote their products.
The researchers set the budget for this promotional tactic for the five-year of operation
costing ₱37,311.16. The table below is the breakdown:
Year 1 Year 2 Year 3 Year 4 Year 5

Cost of promoting the page
in What‟s Up Dagupan ₱2,000.00 ₱12,360.00 ₱6,365.40 ₱6,556.36 ₱6,753.05
(P1,000 per month)
Boosting the page (P53 per
day) 1,060.00 1,091.80 1,124.55
Pamphlets 1,762.50 1,815 1683.45 1540.80 1,586.40
Internet Fee 8,991.00 9,260.73 9,538.55 9,824.71 10,119.45
Total ₱12,051.00 ₱22,712.53 ₱17,028.05 ₱16,381.07 ₱16,872.50
*The amounts above are subject to 3% inflation rate from the second year to fifth year of operation.
VI. Technical Feasibility
A. Production Process
Steps in Native Pig Raising
Step 1: The first step in native pig raising will
always be the breeding of the stock that is
acquired from the trusted raiser. The breeding
will start by conditioning of the sow and placing
in the same area or enclosure with the black
boar to initiate the mating. After that the sow is
separated to the boar and will another
conditioning for the pregnancy.
Step 2: Next step is the gestation period. In
this period the sow is already carrying the
piglets inside her. This stage is very critical for
the commercial pigs because just like humans,
pigs are vulnerable when they are pregnant.
For the native pigs, the vulnerability is lower
because they have stronger immune system.
At this stage the diet would be feeds that are
rich in iron like leafy vegetables and minor
addition of iron supplement feeds.
Step 3: Farrowing stage is the phase of giving
birth of the sow. This phase needs a lot of
attention because sometimes the sow will
have trouble in delivering the piglets due to the
amount of stress associated with the number
of piglets he needs to deliver. A supervision of
a veterinarian or a knowledgeable individual is
advised. Iron supplements through injectable
that are required for the mother sow to provide
enough nutrition for the piglets. It is also
important to check he piglets religiously
because the sow might step on them causing
injury or death to the piglets.
Step 4: Weaning is the stage where the
piglets will be separated to the sow to prepare
it for another breeding. Weaning will depend
on the cycle of which the sow is bred. After the
weaning, the piglets will now be put to the
grazing area for raising and prepare them for
future sale.
Feeding schedule for the native pigs
The table summarizes the feeding schedule for different phases of the raising cycle up to
the sale of the native pigs. Although the native pigs are invulnerable to the outside factors, they
are still at risk on the food that they ingest because it targets the inside of their body. Native pigs
are still prone to scouring and tapeworms so it is important to observe common hygiene
measures in feeding them and consistently clean their feeding through.
Feeding for: Description Amount of Feeds/day (Kilograms) Supplements needed

On the third day after mating up to Iron rich leafs like Swamp
SOW 2 kilograms
100 days of gestation cabbage
3 kilograms (1/2 in the morning and
1/2 in the afternoon or dinner
From 100th day of gestation up to (giving vegetables in between Calcium and lactate rich
farrowing feedings depending on how much feeds
they can finish, with ad libitum
supply of clean water
st
From 1 day of lactation after giving
4.5 kilograms or more Vegetables and rice bran
birth up to weaning (for 28 days)
After weaning 2.75 kilograms Vegetables and rice bran
BREEDER 2.25 kilograms Vegetables and rice bran
PIGLETS 11-20 days 100 grams Vegetables and rice bran
21-35 days .25 kilograms Vegetables and rice bran
B. Flowchart of Activities
The company follows a system in which transactions and events are recorded. The
following flow charts show the different cycles of activities happening inside the company.
Production Cycle
The operations manager is responsible in supervising the caretakers in breeding,
farrowing, and raising of the native pigs. The veterinarian helps the operations manager
and caretakers in the vaccination and farrowing of pigs.
Legends:
- Process step - Connector
- Start/End
Native Pigs Breeding of Pigs Farrowing of Pigs
Raising of Pigs
Raise remaining pigs Pigs ready for market

for another month
Sold as live native pig
Expenditure Cycle
The operations manager places the order of supplies used in producing live native
pigs, receives the goods and checks the quality and quantity of set standards. The
accountant is in charge in updating accounts payable, receiving and processing invoices or
remaining payments. The general manager is the one who pays the supplier.
Legends:
Yes - Decision
- Start/End
No
Issue Purchase Another

Supplier Request slip Supplier
No
Place order to Request

Supplier Approved?
Yes
Receive
Goods from Supplier
Check quality and Receive Invoice/

quantity of goods receipt
Update Accounts
Yes
Store Goods Accept? Payable
No Process Invoice or
remaining
Return Goods payments
Cash payment
to Supplier
Revenue Cycle
The operations manager checks the availability of the customer‟s order. The
caretaker is responsible in delivering the native pigs to the customers. The accountant is in
charge in issuing sales invoice and updating the accounts receivable while the general
manager is the one who receives and keeps the payment from the customers.
Legends:
- Decision - Start/End
Yes
No
Customer Receiving Order Accepting Order

request slip slip
Terms of
agreement
No Yes Check goods

Sales Refusal Accept?
availability
No
Is it Backorder
Available?
Yes
Cash
Collection Picking of native
pig
Release and
delivery of native
pig
Issue sales invoice Goods Received by

to customer the customers
C. Gantt Chart
Month Jan Feb March April May June July Aug Sep Oct Nov Dec
Week 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
Activities:
Processing of necessary permits
Planting period
Buying of Multi-Cab
Building of Temporary fences and
Buying of native pigs
Breeding of Boars
Buying of desired materials
Construction of facility and
permanent fences
Raising of pregnant sows
Fixing of electricity
Buying and installing of furnitures
and fixtures
Time span for farrowing of
pregnant sows
Raising of native pigs
Breeding of Boars
Selling of Native Pigs
Breeding of Boars
Time span for farrowing of
pregnant sows
D. Production Time Table
According to Dr. Geraldine Beralde, Veterinarnian II of Municipal of Agriculture in Sta.
Barbara, the pregnancy period of sow is 3 months, 3 weeks and 3 days which is approximately
4 months. Also, according to Mr. Alberto Padilla, a raiser and seller of native pigs located in
Banaoang, Sta. Barbara, 4 to 5 piglets is produced for the first birth cycle of sow. For the
second birth cycle,7 piglets is produced and up to 13 piglets for the subsequent birth cycles.
Thus, there is an average of 8 piglets each birth cycle. The average number of piglets produced
is used in estimation for production of live native pig.
Based on the interview conducted by the proponents to Dr. Beralde, the survival rate of
piglets is 100 % if it is well-taken care of but if it is not, there is a mortality rate of 20% which is
in every 50 piglets, a maximum of 10 piglets is expected to die.
In order for the maximum numbers of piglets to survived, the proponents injects the iron
supplement to ensure their growth. The iron helps the bone to create more blood which will
develops the immune system of the piglets. The iron supplements is injected three times to the
piglets. The first schedule of injecting it is on the third day after the birth of the piglets, the
second schedule is on the seventh day after the first injection and the last one will be injected
on the fourteenth day after the second injection.
T o tal Pigs on
RAISING READY TO DISPOSE Bre e de r
D is po s e d Hand
B reeders Ne w ADD Beg. DISTRIBUTION Added/ Sold

B o ar So w Born No. ED No. Breeder Live LOSS Purchase
Ye ar 1
WEEK
Total Boar Sow
1 2 3 4
January 2 10 0 0 0 12
February 2 10 0 0 0 12
March 2 10 0 0 12
April 2 10 0 0 12
May 2 10 40 40 0 0 52
June 2 10 40 0 0 52
July 2 10 40 40 0 2 2 50
August 2 10 38 0 0 50
September 2 10 38 23 23 23 27
October 2 10 15 15 0 3 15 0 30
November 5 25 0 0 0 30
December 5 25 70 70 0 0 0 100
T o tal Pigs on
RAISING READY TO DISPOSE Bre e de r D is po s e d Hand
Ye ar 2
WEEK
Total Boar Sow
1 2 3 4
January 5 25 70 0 0 100
February 5 25 70 70 0 2 2 98
March 5 25 60 60 68 0 0 158
April 5 25 60 68 38 30 68 68 90
May 5 25 60 60 0 2 2 88
June 5 25 58 0 0 88
July 5 25 130 130 58 38 20 58 58 160
August 5 25 130 0 0 0 160
September 5 25 130 130 0 5 5 155
October 5 25 105 125 0 0 155
November 5 25 105 125 38 38 38 222
December 5 25 105 192 38 38 11 87 4 91 131
T o tal Pigs on
Ye ar 3
WEEK
Total Boar Sow
1 2 3 4
January 5 25 101 101 0 0 131
February 5 25 130 130 101 38 38 25 101 101 160
March 5 25 130 0 0 0 160
April 5 25 130 130 0 5 5 155
May 5 25 195 195 125 0 0 64
June 5 25 195 125 38 38 76 76 274
July 5 25 195 244 38 11 49 10 59 215
August 5 25 185 0 0 215
September 5 25 130 130 185 38 38 76 76 269
October 5 25 130 109 38 38 33 109 109 160
November 5 25 130 130 0 5 5 155
December 5 25 195 195 125 0 0 350
T o tal Pigs on
RAISING READY TO DISPOSE Breeder D is po s e d Hand
B reeders New ADD Beg. DISTRIBUTION Added/ Sold
Year 4
WEEK
Total Boar Sow
1 2 3 4
January 5 25 195 125 125 38 38 76 76 274
February 5 25 195 244 38 11 49 10 59 215
March 5 25 185 0 0 215
April 5 25 130 130 185 38 38 38 114 114 231
May 5 25 130 71 38 33 71 71 160
June 5 25 195 195 130 130 0 5 5 350
July 5 25 195 125 0 0 350
August 5 25 195 320 38 38 76 10 86 264
September 5 25 234 38 11 49 49 215
October 5 25 185 38 38 38 177
November 5 25 130 130 147 38 38 38 33 147 147 160
December 5 25 130 0 0 0 160
T o tal Pigs on
Ye ar 5
WEEK
Total Boar Sow
1 2 3 4
January 5 25 195 195 130 130 0 5 5 350
February 5 25 195 125 0 0 350
March 5 25 195 320 38 38 76 10 86 264
April 5 25 40 40 234 38 11 49 49 255
May 5 25 40 185 38 38 38 217
June 5 25 40 187 38 38 38 33 147 2 149 68
July 5 25 38 0 0 68
August 5 25 195 195 38 0 0 263
September 5 25 195 38 38 38 38 225
October 5 25 195 195 0 10 10 215
November 5 25 70 70 185 0 0 285
December 5 25 70 185 38 38 49 125 125 160
E. Facility Layout
Boar Hut‟s facility layout was illustrated like this because the native pigs need a wide
span of grazing area.
GRAZING AREA
F. Initial Investment
The total initial investment of the company is P1, 150,000 which is shared by the eight
(8) partners. Each of the partners contributes an amount of P143,750.
The following are the list of the summary of initial investment:
Breakdown of Investment
Note Amount
Land 1 P535,000
Biological Asset 2 42,000
Building Facility 3 269,517
Equipment 4 184,746
Operating Expenses 5 24,760
Business Requirements 6 3,100
Materials 7 47,958
Total Initial Inputs 1,107,081
Contingency Fund 8 92,919
Total Capital Investment P1,200,000
Note
1. Land
The land which has an area of 10,000 square meters and owned by Mrs. Juliana
Gabrillo, will be leased at an annual payment of P535,000 including interest for 10 years with a
current amount of P4,505,981.37 (P450.59 per square-meter) based on the rate given by the
municipal assessor.
2. Biological Asset
Description Quantity Unit Price Total Basis

At least 5- 2 P3,500 per P7,000 Labarador,
month old pig Pangasinan
boar
At least 5- 10 3,500 per 35,000 Labrador,

month old pig Pangasinan
sow
TOTAL 42,000
3. Building Facility
Quantity Unit Price Total Cost Basis

Labor P60,000 Aileen Commercial Malasiqui
Coco Lumber 300 pieces P20 P6,000 Aileen Commercial Malasiqui
Plywood 20 pieces P1,220 P24,400 Aileen Commercial Malasiqui
Nail #4 1 Keg P450 P450 Aileen Commercial Malasiqui
Nail #3 1 Keg P300 P300 Aileen Commercial Malasiqui
C1 16mm cross bar x 9m 72 pieces P223.50 P16,092 Aileen Commercial Malasiqui
F1 16mm cross bar x 9m 27 pieces P240.74 P6,500 Aileen Commercial Malasiqui
Beam 16mm cross bar x 6m 144 pieces P225 P32,400 Aileen Commercial Malasiqui
Beam 16mm cross bar x 7.5 23 pieces P225 P5,175 Aileen Commercial Malasiqui
Wire 3 rolls P10,000 P30,000 Aileen Commercial Malasiqui
Coil hail #2 10 pieces P2,500 P25,000 Aileen Commercial Malasiqui
Cement 50 pieces P200 P10,000 Aileen Commercial Malasiqui
Plastering 50 pieces P200 P10,000 Aileen Commercial Malasiqui
Foundation 72 pieces P200 14,400 Aileen Commercial Malasiqui
Column 40 pieces P20 P8,000 Aileen Commercial Malasiqui
Slab 60 pieces P200 P12,000 Aileen Commercial Malasiqui
Beams 44 pieces P200 P8,800 Aileen Commercial Malasiqui
TOTAL P269,517
4. Equipment

Computer 1 P20,000 P20,000 Laptop
Factory
Printer 1 7,850 7,850 PC Market
CCTV 4 1,474 5,896 Hikvision

Company
Electric 2 3,000 6,000 New Antonio

Pump Chu
Dagupan City
Multi-cab 1 145,000 145,000 Rusco
Motors Inc.
TOTAL P184,746
5. Operating Expenses
Hog cholera 12 P180 P2,160 Municipal
vaccine Agriculture-
Sta. Barbara
Iron 130 20 2,600 Dr. Erik Celso
supplement
Rice Bran 2,000 10 20,000 Calasio Mill

kilograms
TOTAL P24,760
6. Business Requirements
Items Total Cost Basis

Business Tax P1,815.00 Calasiao Municipal Council
Mayor‟s permit 55.00 Calasiao Municipal Council
Occupational Tax 200.00 Calasiao Municipal Counci
Sanitary Inspection fee 150.00 Calasiao Municipal Council
Service Charges 30.00 Calasiao Municipal Council
Sticker 250.00 Calasiao Municipal Council
Zoning 50.00 Calasiao Municipal Council
Fire Protection Certificate 550.00 Calasiao Municipal Council
TOTAL P3,100.00
7. Materials

Chairs 10 P300 P3,000 City Central
Dagupan
Pails 6 200 1,200 City Central

Dagupan
Dipper 6 25 150 City Central

Dagupan
Feeding 6 150 900 City Central

Through Dagupan
Hose 300 meters 30 9,000 New Antonio

Chu Dagupan
City
PVC Pipe 100 meters 80 8,000 Aileen
Commercial
Malasiqui
Shovel 3 299 897 Unitop
Dagupan
Grass Cutter 2 3,000 6,000 New Antonio

Chu Dagupan
City
Bolo 2 300 600 Calasiao

Public Market
Basins 5 420 2,100 City Central
(stainless) Dagupan City
Fluorescent 16 240 3,840 Unitop

Lights Dagupan
Table 2 1,700 3,400 My Home
Interior
Furniture Co.
Switches 12 93 1,116 Unitop

Dagupan
Wire 200 meters 26 5,200 New Antonio

Chu Dagupan
City
Water Drum 5 511 2,555 CSI
Warehouse
Club
Dagupan City
TOTAL P47,958
8. Contingency Fund
The remaining cash amounting to P92, 919 will be the contingency fund of the company
for other purposes such as vegetable feeds, promotional, transportation and other expenses.
G. Suppliers’ Information
Suppliers are important for the researchers' business because they will be the one to
provide native pigs that are needed in order to operate the business.
Josella Omar Mislang
Mrs. Josella O. Mislang is a seller and owner of small native piggery in Labrador,
Pangasinan. She is raising pure breed of native pig that came from the wild. Since Mrs. Mislang
is a seller, she is willing to sell 5-month old pure breed wild native pig to the company at a
maximum price of P3, 500.00 per native pig which can be lower depending on the weight of the
native pig.
In case Mrs. Mislang does not have enough supply of native pigs, the company will ask
for the support to Municipal Agriculture in Sta. Barbara, Pangasinan. They are willing to give
native pigs to organizations or individuals who are willing and capable to participate in
promoting native pigs. As due to the agreement, when the native pigs had an offspring, the
company will need to return the exact number of native pigs that the Municipal Agriculture in
Sta. Barbara gave.
H. Economies of Scale
Breakevent Point
Computation Year 1 Year 2 Year 3 Year 4 Year 5
Selling Price ₱4,750.00 ₱4,900.00 ₱5,050.00 ₱5,200.00 ₱5,350.00
Variable Cost 3,161.80 1,104.05 757.24 603.18 751.95
Fixed Cost 124,253.78 255,016.53 297,870.13 306,464.71 318,318.51
Breakevent Point-Live Fixed Cost/(Selling price - Variable Cost) 78.24 67.18 69.39 66.67 69.23
Unit Sold 23 251 411 620 473
The table shows the number of native pigs needed to be sold in order to cover the fixed
cost. The fixed cost includes the depreciation of facility which is directly attributable to the
product.
Fixed Cost Selling Price

₱350,000.00 ₱5,400.00
₱300,000.00
₱5,200.00
₱250,000.00
₱200,000.00 ₱5,000.00
₱150,000.00 ₱4,800.00
₱100,000.00
₱4,600.00
₱50,000.00
₱4,400.00
₱0.00
Variable Cost Break Even Point & Unit Sold

700
₱3,500.00
600
₱3,000.00
500
₱2,500.00
400
₱2,000.00 300
₱1,500.00 200
₱1,000.00 100
₱500.00 0
₱0.00 Year 1 Year 2 Year 3 Year 4 Year 5
Year 1 Year 2 Year 3 Year 4 Year 5 BEP Unit Sold
Boar Hut is in the economies of scale because it was been able to control the marginal
cost or the controllable cost that arises in the company. Another factor that made the company
in the economies of scale is the increasing specialization in the operation. The marginal
productivity is increasing which also increases the marginal quantity sold, which meet the
breakeven point needed.
IX. MANAGEMENT FEASIBILITY
A. The Management Team
Boar Hut is composed of eight (8) capitalist partners where five (5) of them are general
partners who will manage the business while the other three (3) are silent partners. The
company will hire Caretaker/Delivery Personnel who will help in the operation of the business
through the assistance of a Veterinarian for the animals and their living spaces. They will also
deliver the native pigs to the buyers upon their request. Dr. Erick Celso will be the head
veterinarian. Ms. Henjie Yvette Gabrillo was chosen as the General Manager since her family
owns a piggery, through this, she can contribute her knowledge in managing and overseeing all
the administrative function of the business. Out of all the partners, Ms. Melrose Abedania is the
Operations Manager since she has the capability and knowledge about raising and aging native
pigs, from the teachings of her uncle who owns a native piggery. She used to watch/observe the
process of feeding and raising activity which gives her the knowledge on how to properly feed
and raise the native pigs. Andre Batac is the Sales/Marketing Manager because the company
believes his capability to communicate with the customers. Ms. Danica Garcia is the company‟s
Accountant since she has knowledge in Accounting. Ms. Monique Fernandez is the Treasurer
since she has experience in cash management.
The Operations Manager together with one caretaker will handle the operations for year 1.
For the year 2, additional one (1) caretaker will be hired because of the increase in the
production.
B. Organizational Structure
C. Duties and Responsibilities
Position Duties and Responsibilities Qualification Compensation

General Manager The General Manager is  Must be a partner A monthly salary
responsible in overseeing the  Must have knowledge allowance of
all the administrative function in management P10,000 with an
of the business.  Must have good increase of P500 per
leadership skills year in the discretion
of the company and
share in net income
Sales/Marketing The Sales/Marketing Manager  Must be a partner A monthly salary
Manager is in charge in the marketing  Must be a strong and allowance of P6,500
campaigns of the business. confident with an increase of
He is responsible in communicator P500 per year in the
communicating the marketing  Must have skills in discretion of the
message throughout the designing including company and share
business. graphic design. in net income
Operations Manager The Operations Manager is  Must be a partner A monthly salary
responsible in the production  Must have the allowance of
of the native pigs and the technical capability in P10,000 with an
supervision of the caretakers. the production and increase of P500 per
She is also in charge in aging of the native year in the discretion
monitoring the quality of the pigs. of the company and
materials need for the  Must have knowledge share in net income
production of native pigs. in quality control of the
materials needed in
producing native pigs.
Accountant The Accountant is in charge in  Must be a partner A monthly salary
providing the management  Must have knowledge allowance of P5,000
financial information by in computer programs with an increase of
researching and analyzing like Microsoft Excel P500 per year in the
accounting data. She will also  Must be skilled in discretion of the
prepare financial reports that making financial company and share
the management will use. statement in net income
 Must be capable in
analyzing accounting
data
Position Duties and Responsibilities Qualification Compensation
Treasurer The Treasurer is responsible  Must be capable in A monthly salary
in handling the cash inflow handling figures and allowance of P5,000
and outflow of the company. cash with an increase of
 Must be organize P500 per year in the
 Must be trustworthy discretion of the
 Must be diligent company and share
 Must be computer in net income
literate
Veterinarian The Veterinarian is in charge  Must have degree in  P200 per head
in inspecting the animal‟s Doctor of Veterinary according to Dr.
living spaces and to ensure Medicine Erick Celso a
that the animals are free from veterinarian in
any diseases. He will treat Labrador,
and give vaccines the animals Pangasinan
to prevent diseases. He will
also give an advise on the
production concerns and
animal feeding.
Caretaker/Delivery The maintenance/delivery  Must be hardworking  Wage rate of

Personnel personnel are responsible in  Must have knowledge P260 per day
safeguarding and cleaning the in breeding, farrowing  Rate will increase
facility and piggery. They are and raising of native by P10 per year
also in charge in breeding, pigs to account the
farrowing, and raising of  Must be trustworthy inflation.
native pigs. Also, any one of  Must be dependable  SSS
them is in charge in delivering  Has driver license  PhilHealth
the native pigs to the buyers.  Pag-ibig
 13 month pay
th
D. Operating and Work Schedule
MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY SUNDAY

General General General General General General
Manager Manager Manager Manager Manager Manager
X
(8:00 AM-5:00 (8:00 AM-5:00 (8:00 AM-5:00 (8:00 AM-5:00 (8:00 AM-5:00 (8:00 AM-5:00
PM) PM) PM) PM) PM) PM)
Sales/Marketin
g Manager
X X X X X X
(8:00 AM-5:00
PM)
Operations Operations Operations Operations Operations Operations

Manager Manager Manager Manager Manager Manager
X
(8:00 AM-12:00 (1:00 AM-5:00 (8:00 AM-12:00 (1:00 AM-5:00 (8:00 AM-12:00 (1:00 AM-5:00
Accountant
X X X X (9:00 AM- 6:00 X X
PM)
Treasurer Treasurer Treasurer Treasurer Treasurer Treasurer
(9:00 AM- 5:00 (9:00 AM- 5:00 (9:00 AM- 5:00 (9:00 AM- 5:00 (9:00 AM- 5:00 (9:00 AM- 5:00 X
Veterinarian
(1:00 PM- 4:00 X X X X X X
PM)
Caretaker/Deliv Caretaker/Deliv Caretaker/Deliv Caretaker/Deliv Caretaker/Deliv Caretaker/Deliv Caretaker/Deliv
ery Personnel ery Personnel ery Personnel ery Personnel ery Personnel ery Personnel ery Personnel
(12:00 AM- (12:00 AM- (12:00 AM- (12:00 AM- (12:00 AM- (12:00 AM- (12:00 AM-
12:00 PM) 12:00 PM) 12:00 PM) 12:00 PM) 12:00 PM) 12:00 PM) 12:00 PM)
Activity Time MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY SUNDAY
8:00 Caretaker/
Caretaker/ Caretaker/ Caretaker/ Caretaker/ Caretaker/ Caretaker/
Feeding the AM-
Delivery Delivery Delivery Delivery Delivery Delivery
native pigs 8:30 Delivery
Personnel Personnel Personnel Personnel Personnel Personnel
AM Personnel
9:30
Caretaker/ Caretaker/
Breeding of AM-
Delivery X X X Delivery X X
native pigs 10:00
Personnel Personnel
AM
10:00
Opening the Caretaker/ Caretaker/ Caretaker/ Caretaker/
AM-
grazing area Delivery X Delivery X Delivery X Delivery
11:00
for pigs Personnel Personnel Personnel Personnel
AM
11:00
Caretaker/ Caretaker/ Caretaker/ Caretaker/ Caretaker/ Caretaker/ Caretaker
Bathing of AM-
Delivery Delivery Delivery Delivery Delivery Delivery /Delivery
pigs 11:30
Personnel Personnel Personnel Personnel Personnel Personnel Personnel
AM
11:30
Caretaker/ Caretaker/ Caretaker/ Caretaker/D Caretaker/ Caretaker/
Feeding the AM-
Delivery Delivery Delivery elivery Delivery Delivery X
native pigs 12:00
Personnel Personnel Personnel Personnel Personnel Personnel
PM
Injecting
12:30
vaccines Caretaker/ Caretaker/ Caretaker/
PM-
and Delivery X Delivery X Delivery X X
1:00
supplement Personnel Personnel Personnel
PM
s
1:00
Caretaker/ Caretaker/ Caretaker/ Caretaker/ Caretaker/ Caretaker/ Caretaker/
Bathing of PM-
Delivery Delivery Delivery Delivery Delivery Delivery Delivery
pigs 1:30
PM
6:30
Caretaker/ Caretaker/ Caretaker/ Caretaker/ Caretaker/ Caretaker/ Caretaker/
Feeding the PM-
Delivery Delivery Delivery Delivery Delivery Delivery Delivery
native pigs 7:00
PM
X. Financial Feasibility
A. Financial Assumptions
Operating Assumption
A.1 Sales
The proponents estimates the sales using the price in the market of the live
native pig which is P2, 500 for the first 10 kilograms and P150 for the excess kilograms
which yields to a price of P4750. Boar Hut will increase the selling price of live native pig
by 3% of the prior years‟ price per kilogram as adjustment for inflation.
The growth rates for the sales to second year is 10.26 more than the first year,
from second year to third year is 69%, from third year to fourth year is 55% and from
fourth year to fifth year, it decreases by 22%. There is a significant growth in sales for
second year since the company operated from January to December while in first year
the production and selling operation was only started in the month of September. There
is a decrease in growth sales for the 5th year of operation because the disposed or
native pig is higher in the previous years.
The following table shows the projected sales of the company from first year to
fifth year of operations.

SALES
Product Year 1 Year 2 Year 3 Year 4 Year 5
Native Pig Live 109,250.00 1,229,900.00 2,075,550.00 3,224,000.00 2,530,550.00

*Refer to the Notes to financial assumption for detailed discussion of sales.
Boar Hut applies Fair Value Method as the basis for recognizing sales. Biological
assets within the scope of PAS 41 are measured on initial recognition and at subsequent
reporting dates at fair value less estimated costs to sell, unless fair value cannot be
reliably measured.
A.2 Production
The company‟s production was based on the capacity of the land and the
different seasons such as the Lenten and Christmas seasons that can affect the
production. The tables below shows the production of Boar Hut which shows that in
some instances, the company will not offer their products because there is no available
supply of native pigs because the company is still the raising the native pigs.
According to Mr. Roberto Padilla, the maximum ratio for breeders is 1 boar is to 8
sows. Thus, in the first year of operation the initial breeders will be one (1) boar and
eight (8) sows. Each sow can produce an average of 8 piglets. Based on the interview
conducted by the proponents to Dr. Geraldine Beralde, the survival rate of piglets is
100% if it is well-taken care of but if it‟s not, there will be a mortality rate of 20% which is
in every 50 piglets, a maximum of 10 piglets is expected to die. The proponents will
make sure to maximize the survival rate by giving proper health supplements such as
iron supplements and hog cholera vaccine.
The proponents assumed a normal rate of 1.56% or 1 over 64 live native pig
produce will not survive.
In addition, fair value method will be used in costing its products. This means that
the all cost attributable to the native pigs will be accounted as period expenses. These
costs include the purchase cost of the live native pig, salaries for the caretakers, the
feeds, and the health maintenances of the pigs. It also includes the depreciation
expenses.
Biological Asset
YEAR 1
Harvest for On
Date Bought New Born Loss
Activity live hand
January Bought 12 - - - 12
February Breeding and raising - - - - 12
March Breeding and raising - - - - 12
April Breeding and raising - - - - 12
May Labor - 40 - 2 50
June Raising - - - - 50
July Raising - - - - 50
August Breeding and raising - - - - 50
September Disposed - - 23 - 27
October Bought 3 - - - 30
November Breeding and raising - - - - 30
December Disposed - 70 - - 100
YEAR 2
January Breeding and raising - - - - 100
February Breeding and raising - - - 2 98
March Labor - 60 - - 158
April Disposed - - 68 - 90
May Disposed - - - 2 88
June Breeding and raising - - - - 88
July Labor and disposed - 130 58 - 160
September Disposed - - - 5 155
October Labor - 105 - - 260
November Disposed - - 38 - 222
December Disposed - - 87 4 131
YEAR 3
January Breeding and raising - - - - 131
February Disposed - 130 101 - 160
April Disposed - - - 5 155
May Labor - 195 - - 350
June Disposed - - 76 - 274
July Disposed - - 49 10 215
September Labor and disposed - 130 76 - 269
October Disposed - - 109 - 160
November Disposed - - - 5 155
December Labor - 195 - - 350
YEAR 4
January Disposed - - 76 - 274
February Disposed - - 49 10 215
April Labor and disposed 130 114 - 231
May Disposed - - 71 - 160
June Labor and disposed - 195 - 5 350
July Breeding and raising - - - - 350
August Disposed - - 76 10 264
September Disposed - - 49 - 215
October Disposed - - 38 - 177
November Labor and disposed - 130 147 - 160
December Breeding and raising - - - 160
YEAR 5
January Labor and disposed - 195 - 5 350
February Labor and disposed - - - - 350
March Labor - - 76 10 264
April Breeding - 40 49 - 255
May Disposed - - 38 - 217
June Disposed - - 147 2 68
July Bought and disposed - - - - 68
August Labor and disposed - 195 - - 263
September Labor - - 38 - 225
October Labor - - - 10 215
November Labor - 70 - - 285
December Disposed - - 125 - 160
A.3 Expenses
A.3.1. Promotional Expenses
The total promotional expense for the five-year operation is ₱38,840.20.
Promotional Expenses

What‟s Up Dagupan(P1,000/ month) ₱2,000.00 ₱12,360.00 ₱6,365.40 ₱6,556.36 ₱6,753.05
Page boostinge (P53/day) 1,060.00 1,091.80 1,124.55
Pamphlets* 1,762.50 1,815.38 1,682.85 1,540.75 1,586.97
Internet Fee (P999/month) 8,991.00 9,260.73 9,538.55 9,824.71 10,119.45
Total ₱13,813.50 ₱24,527.91 ₱18,711.35 ₱17,921.82 ₱18,459.47
A.3.2. Transportation
The following figures are based on average 20 kilometer mileage per litter based
on the specification of the vehicle and duration of traffic in the area. The price is
averaged base on five years earlier data. The price per liter of 43.40 will increase by 3%
for the second year to fifth year of operations.
Transportation Expense
Price per liter Liters Total Cost
Year 1 ₱43.40 200 ₱8,680.00
Year 2 ₱44.70 450 ₱20,115.00
Year 3 ₱46.04 450 ₱20,718.00
Year 4 ₱47.42 450 ₱21,339.00
Year 5 ₱48.85 450 ₱21,982.50
Investing Assumptions
B.1. Property, Plant and Equipment
 Facility
The facility is depreciated using the straight-line method and has a useful life of
10 years. At the end of the life of the asset, 10% of the acquisition cost will be realized.
The depreciation expense of the facility which will become part of the period cost will be
incurred only for the 8 months and the remaining four months will be accounted as
product cost on the first year of operation. The remaining depreciation which is from
second year and for the succeeding years will become part of manufacturing overhead
accounted as product cost.
Facility
Salvage value
Depreciation Accumulated
Cost (10% of Useful life Months Runned
Expense Depreciation
acquisition cost)
Year 1
Facility ₱ 269,517.00 ₱ 26,951.70 ÷ 10 years × 10/12 ₱ 20,213.78 ₱ 20,213.78
Year 2
Facility ₱ 269,517.00 ₱ 26,951.70 ÷ 10 years × 12/12 ₱ 24,256.53 ₱ 44,470.31
Year 3
Facility ₱ 269,517.00 ₱ 26,951.70 ÷ 10 years × 12/12 ₱ 24,256.53 ₱ 68,726.84
Year 4
Facility ₱ 500,790.16 ₱ 50,079.02 ÷ 10 years × 12/12 ₱ 45,071.11 ₱ 113,797.95
Year 5
Facility ₱ 500,790.16 ₱ 50,079.02 ÷ 10 years × 12/12 ₱ 45,071.11 ₱ 158,869.06
Since the company just built the facility fit for the use to start the
operation, there will be an additional cost of P300, 000 for facility improvement on
year 4. Thus, the total cost for the 4th year will be P ₱500,790.16 (200, 790.16 + 300,
000) and an additional five years for its useful life with a total remaining useful life of
12 years.
 Multicab
Straight-line method of depreciation will be used in depreciating the
multicab which has a useful life of 10 years and has a residual value of 10% of the
acquisition cost that will be recognized at the end of its life.
Multicab
Salvage value
acquisition cost)
Year 1
Multicab ₱ 145,000.00 ₱ 14,500.00 ÷ 10 years × 12/12 ₱ 13,050.00 ₱ 13,050.00
Year 2
Multicab ₱ 145,000.00 ₱ 14,500.00 ÷ 10 years × 12/12 ₱ 13,050.00 ₱ 26,100.00
Year 3
Multicab ₱ 145,000.00 ₱ 14,500.00 ÷ 10 years × 12/12 ₱ 13,050.00 ₱ 39,150.00
Year 4
Multicab ₱ 145,000.00 ₱ 14,500.00 ÷ 10 years × 12/12 ₱ 13,050.00 ₱ 52,200.00
Year 5
Multicab ₱ 145,000.00 ₱ 14,500.00 ÷ 10 years × 12/12 ₱ 13,050.00 ₱ 65,250.00
 Hog Wire
The 1000 square meter hog wire will be depreciated using straight line
method and has a useful life of 10 years.
Hog Wire
Cost Useful life Months Runned
Year 1
Hog Wire ₱ 25,000.00 ÷ 10 years × 12/12 ₱ 2,500.00 ₱ 2,500.00
Year 2
Hog Wire ₱ 25,000.00 ÷ 10 years × 12/12 ₱ 2,500.00 ₱ 5,000.00
Year 3
Hog Wire ₱ 25,000.00 ÷ 10 years × 12/12 ₱ 2,500.00 ₱ 7,500.00
Year 4
Hog Wire ₱ 25,000.00 ÷ 10 years × 12/12 ₱ 2,500.00 ₱ 10,000.00
Year 5
Hog Wire ₱ 25,000.00 ÷ 10 years × 12/12 ₱ 2,500.00 ₱ 12,500.00
 Electric Pump
The electric pump having a useful life of 10 years will be depreciated
using a straight-line method.
Electric Pump
Year 1
Electric Pump ₱ 6,000.00 ÷ 10 years × 12/12 ₱ 600.00 ₱ 600.00
Year 2
Electric Pump ₱ 6,000.00 ÷ 10 years × 12/12 ₱ 600.00 ₱ 1,200.00
Year 3
Year 4
Year 5
 Computer
The computer having a useful life of 5 years will be depreciated using a
straight-line method. The computer will be purchased on the month of October.
Computer
Year 1
Computer ₱ 19,999.00 ÷ 5 years × 3/12 ₱ 999.95 ₱ 999.95
Year 2
Computer ₱ 19,999.00 ÷ 5 years × 12/12 ₱ 3,999.80 ₱ 4,999.75
Year 3
Computer ₱ 19,999.00 ÷ 5 years × 12/12 ₱ 3,999.80 ₱ 8,999.55
Year 4
Computer ₱ 19,999.00 ÷ 5 years × 12/12 ₱ 3,999.80 ₱ 12,999.35
Year 5
Computer ₱ 19,999.00 ÷ 5 years × 12/12 ₱ 3,999.80 ₱ 16,999.15
 Printer
The printer has a useful life of 5 years and depreciated using the straight-
line method. Also, printer will be purchased on the month of October.
Printer
Year 1
Printer ₱ 7,850.00 ÷ 5 years × 3/12 ₱ 392.50 ₱ 392.50
Year 2
Printer ₱ 7,850.00 ÷ 5 years × 12/12 ₱ 1,570.00 ₱ 1,962.50
Year 3
Printer ₱ 7,850.00 ÷ 5 years × 12/12 ₱ 1,570.00 ₱ 3,532.50
Year 4
Printer ₱ 7,850.00 ÷ 5 years × 12/12 ₱ 1,570.00 ₱ 5,102.50
Year 5
Printer ₱ 7,850.00 ÷ 5 years × 12/12 ₱ 1,570.00 ₱ 6,672.50
Financing Assumption
C.1. Liability
Current Liabilities
The current liabilities of Boar Hut include Income Tax Payable, Utilities Payable,
SSS Payable, PhilHealth Payable and PAG-IBIG Payable.
Non-current Liability
 Lease Liability
The company and the owner agreed to lease the land with annual lease payment
of ₱535,000 inclusive of interest for 10 years and with an agreement to transfer the
ownership to Boar Hut at the end of the lease term.
C.2. Equity
Investment
The initial investment of the first year of operation will be P1,200,000 which will
be contributed equally by each partner with the amount of P150,000.
Withdrawals
The partners are planning to have a withdrawal of 0%, 5%, 30%, 55% and 30%
for first to fifth year of operation, respectively. The withdrawal will be computed based on
the beginning capital of each partner.
Profit Sharing
The profit of the company will be distributed equally to each partner after
deducting the salary allowances each month as follows:
Position Year 1 Year 2 Year 3 Year4 Year 5

General Manager 10,000 10,500 11,000 11,500 12,000
Operations Manager 10,000 10,500 11,000 11,500 12,000
Sales/ marketing Manager 7,000 7,500 8,000 8,500 9,000
Accountant 5,000 5,500 6,000 6,500 7,000
Treasurer 6,000 6,500 7,000 7,500 8000
B. Product Costing
Under the fair value method of accounting, all of the disposal of biological assets, which
includes the harvesting and loss, would be accounted as decrease in the fair value of the
biological asset and be treated independently than cost of goods sold. Other cost attributable to
the product such as salaries of caretakers, depreciation of facility, feeds, vaccines, and iron
supplement, will be treated as period expense. The table summarizes the cost to be incurred in
producing the product.
Product Costing
Variable Cost per Pig Sold* 3,161.80 1,104.05 757.24 603.18 751.95
Fixed Cost per Pig Sold** 5,402.34 1,016.00 724.74 494.30 672.98
Total ₱8,564.14 ₱2,120.05 ₱1,481.98 ₱1,097.48 ₱1,424.93
Variable Costs*
Rice Bran Feeds Expense ₱34,833.40 ₱195,693.82 ₱196,952.37 ₱249,813.78 ₱243,208.95
Vegetable Feeds Expense 33,648.00 69,721.00 87,961.00 105,145.00 91,033.00
Hog Cholera Vaccine 2,120.00 5,850.40 13,155.16 9,506.72 10,714.84
Iron Summpement 2,120.00 5,850.40 13,155.16 9,506.72 10,714.84
TOTAL: 72,721.40 277,115.62 311,223.69 373,972.23 355,671.64
Pig Sold 23.00 251.00 411.00 620.00 473.00
Variable Cost per Pig Sold ₱3,161.80 ₱1,104.05 ₱757.24 ₱603.18 ₱751.95
Fixed Costs**
Depreciation Attributaable to Production 23,313.78 27,356.53 27,356.53 48,171.11 48,171.11
Salaries Expense Attributable to Production
100,940.00 227,660.00 270,513.60 258,293.60 270,147.40
TOTAL: 124,253.78 255,016.53 297,870.13 306,464.71 318,318.51
Pig Sold 23.00 251.00 411.00 620.00 473.00
Fixed Cost per Pig Sold ₱5,402.34 ₱1,016.00 ₱724.74 ₱494.30 ₱672.98
C. Financial Statements
BOAR HUT
Statement of Financial Performance
For each year ended December 31
Notes Year 1 Year 2 Year 3 Year 4 Year 5

Sales Note 1 ₱109,250.00 ₱1,229,900.00 ₱2,075,550.00 ₱3,224,000.00 ₱2,530,550.00
Less: Operating Expenses
Depreciation Expense Note 2 37,756.23 45,976.33 45,976.33 66,790.91 66,790.91
Utilities Expense Note 3 10,583.98 10,901.50 11,228.55 11,565.40 11,912.37
Transportation Expense Note 4 8,680.00 20,115.00 20,718.00 21,339.00 21,982.50
Promotional Expense Note 5 8,991.00 9,260.73 9,538.55 9,824.71 10,119.45
Miscellaneous Expense Note 6 3,735.00 1,215.40 1,251.86 1,289.42 1,328.10
Salaries Expense Note 7 100,940.00 227,660.00 270,513.60 258,293.60 270,147.40
Other Operating Expenses Note 8 123,576.38 328,063.60 365,267.47 428,114.67 409,915.70
Add: Other Operating Income
Net Increase (Decrease) in Biological Asset Note 9 122,500.00 26,000.00 223,050.00 (160,000.00) 158,000.00
Income Before Interest and Taxes - 62,512.59 612,707.43 1,574,105.64 2,266,782.28 1,896,353.57
Less: Interest Expense Note 10 146,444.39 133,816.34 120,777.87 107,315.65 93,415.91
Income Before Taxes - 208,956.99 478,891.10 1,453,327.78 2,159,466.63 1,802,937.66
Less: Income Tax Expense(30%) 0.00 183,812.23 472,231.69 680,034.68 568,906.07
Net Income(Loss) -₱208,956.99 ₱428,895.20 ₱1,101,873.95 ₱1,586,747.60 ₱1,327,447.50
BOAR HUT
Statement of Changes in Partner's Equity
YEAR 1
Beginning Capital Add:(Excess) Share in Net Income/ Loss Allowance Less: Withdrawals(0%) Ending Capital
Batac, Capital ₱ 150,000.00 -₱63,119.62 ₱52,000.00 ₱138,880.38
Abedania, Capital 150,000.00 - 63,119.62 80,000.00 166,880.38
Begenio, Capital 150,000.00 - 63,119.62 - 86,880.38
Carane, Capital 150,000.00 - 63,119.62 - 86,880.38
Fernandez, Capital 150,000.00 - 63,119.62 44,000.00 130,880.38
Gabrillo, Capital 150,000.00 - 63,119.62 80,000.00 166,880.38
Garcia, Capital 150,000.00 - 63,119.62 40,000.00 126,880.38
Zamora, Capital 150,000.00 - 63,119.62 - 86,880.38
Total Capital: ₱1,200,000.00 -₱504,956.99 ₱296,000.00 ₱0.00 ₱991,043.01
YEAR 2
Beginning Capital Add: Share in Net Income(Excess) Allowance Less: Withdrawals(5%) Ending Capital
Batac, Capital ₱138,880.38 -₱5,638.10 ₱90,000.00 ₱6,944.02 ₱216,298.26
Abedania, Capital 166,880.38 - 5,638.10 126,000.00 8,344.02 278,898.26
Begenio, Capital 86,880.38 - 5,638.10 - 4,344.02 76,898.26
Carane, Capital 86,880.38 - 5,638.10 - 4,344.02 76,898.26
Fernandez, Capital 130,880.38 - 5,638.10 54,000.00 6,544.02 172,698.26
Gabrillo, Capital 166,880.38 - 5,638.10 126,000.00 8,344.02 278,898.26
Garcia, Capital 126,880.38 - 5,638.10 78,000.00 6,344.02 192,898.26
Zamora, Capital 86,880.38 - 5,638.10 - 4,344.02 76,898.26
Total Capital: ₱991,043.01 -₱45,104.80 ₱474,000.00 ₱49,552.15 ₱1,370,386.07
YEAR 3
Batac, Capital ₱216,298.26 ₱71,734.24 ₱96,000.00 ₱64,889.48 ₱319,143.02
Abedania, Capital 278,898.26 71,734.24 132,000.00 83,669.48 398,963.02
Begenio, Capital 76,898.26 71,734.24 - 23,069.48 125,563.02
Carane, Capital 76,898.26 71,734.24 - 23,069.48 125,563.02
Fernandez, Capital 172,698.26 71,734.24 84,000.00 51,809.48 276,623.02
Gabrillo, Capital 278,898.26 71,734.24 132,000.00 83,669.48 398,963.02
Garcia, Capital 192,898.26 71,734.24 84,000.00 57,869.48 290,763.02
Zamora, Capital 76,898.26 71,734.24 - 23,069.48 125,563.02
Total Capital: ₱1,370,386.07 ₱573,873.95 ₱528,000.00 ₱411,115.82 ₱2,061,144.20
YEAR 4
Batac, Capital ₱319,143.02 ₱128,593.45 ₱102,000.00 ₱175,528.66 ₱374,207.81
Begenio, Capital 125,563.02 128,593.45 - 69,059.66 185,096.81
Carane, Capital 125,563.02 128,593.45 - 69,059.66 185,096.81
Garcia, Capital 290,763.02 128,593.45 90,000.00 159,919.66 349,436.81
Zamora, Capital 125,563.02 128,593.45 - 69,059.66 185,096.81
Total Capital: ₱2,061,144.20 ₱1,028,747.60 ₱558,000.00 ₱1,133,629.31 ₱2,514,262.49
YEAR 5
Batac, Capital ₱374,207.81 ₱92,430.94 ₱108,000.00 112,262.34 ₱462,376.41
Begenio, Capital 185,096.81 92,430.94 - 55,529.04 221,998.71
Carane, Capital 185,096.81 92,430.94 - 55,529.04 221,998.71
Garcia, Capital 349,436.81 92,430.94 96,000.00 104,831.04 433,036.71
Zamora, Capital 185,096.81 92,430.94 - 55,529.04 221,998.71
Total Capital: ₱2,514,262.49 ₱739,447.50 ₱588,000.00 ₱754,278.75 ₱3,087,431.24
BOAR HUT
Statement of Financial Position

Asset
Current Asset:
Cash ₱ 13,761.62 ₱ 196,827.09 ₱ 585,109.52 ₱ 745,474.22 ₱ 675,141.95
Non-Current Asset
Land 4,505,981.37 4,505,981.37 4,505,981.37 4,505,981.37 4,505,981.37
Multicab 145,000.00 145,000.00 145,000.00 145,000.00 145,000.00
Less:Accumulated Depreciation- Multicab 13,050.00 26,100.00 39,150.00 52,200.00 65,250.00
Facility 269,517.00 269,517.00 269,517.00 569,517.00 569,517.00
Less:Accumulated Depreciation-Facility 20,213.78 44,470.31 68,726.84 113,797.95 158,869.06
Hog Wire 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00
Less:Accumulated Depreciation- Hog Wire 2,500.00 5,000.00 7,500.00 10,000.00 12,500.00
Computer 19,999.00 19,999.00 19,999.00 19,999.00 19,999.00
Less:Accumulated Depreciation- Computer 999.95 4,999.75 8,999.55 12,999.35 16,999.15
Electric Pump 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
Less:Accumulated Depreciation-Electric Pump 600.00 1,200.00 1,800.00 2,400.00 3,000.00
Printer 7,850.00 7,850.00 7,850.00 7,850.00 7,850.00
Less:Accumulated Depreciation-Printer 392.50 1,962.50 3,532.50 5,102.50 6,672.50
Biological Asset 164,500.00 190,500.00 413,550.00 253,550.00 411,550.00
Total Non-Current Asset 5,106,091.14 5,086,114.81 5,263,188.48 5,336,397.57 5,427,606.65
Total Asset ₱5,119,852.76 ₱5,282,941.90 ₱5,848,298.01 ₱6,081,871.79 ₱6,102,748.60
Liabities and Equity
Liabilities:
Current Liabilities
Income Tax Payable ₱ - ₱ 183,812.23 ₱ 472,231.69 ₱ 680,034.68 ₱ 568,906.07
Utilities Payable 10,583.98 10,901.50 11,228.55 11,565.40 11,912.37
SSS Payable 562.50 1,125.00 1,198.60 1,198.60 1,272.40
PhilHealth Payable 137.50 275.00 275.00 275.00 275.00
PAG-IBIG Payable 100.00 200.00 200.00 200.00 200.00
Total Current Liabilities 11,383.98 196,313.73 485,133.84 693,273.69 582,565.84
Non-Current Liability
Lease Liability 4,117,425.76 3,716,242.10 3,302,019.97 2,874,335.62 2,432,751.52
Total Liabilities ₱ 4,128,809.75 ₱ 3,912,555.83 ₱ 3,787,153.81 ₱ 3,567,609.31 ₱ 3,015,317.36
Equity:
Batac, Capital ₱ 138,880.38 ₱ 216,298.26 ₱ 319,143.02 ₱ 374,207.81 ₱ 462,376.41
Begenio, Capital 86,880.38 76,898.26 125,563.02 185,096.81 221,998.71
Carane, Capital 86,880.38 76,898.26 125,563.02 185,096.81 221,998.71
Garcia, Capital 126,880.38 192,898.26 290,763.02 349,436.81 433,036.71
Zamora, Capital 86,880.38 76,898.26 125,563.02 185,096.81 221,998.71
Total Equity 991,043.01 1,370,386.07 2,061,144.20 2,514,262.49 3,087,431.24
Total Liabilities and Equity ₱ 5,119,852.76 ₱ 5,282,941.90 ₱ 5,848,298.01 ₱ 6,081,871.79 ₱ 6,102,748.60
BOAR HUT
Statement of Cash Flows

Operating Activities:
Net Income -₱208,956.99 ₱428,895.20 ₱1,101,873.95 ₱1,586,747.60 ₱1,327,447.50
Depreciation 37,756.23 45,976.33 45,976.33 66,790.91 66,790.91
(Gain)Loss on Bio-Asset 122,500 26,000 223,050 -160,000 158,000
Increase/Decrease in Current Liabilities 11,384 184,930 288,820 208,140 -110,708
Cash flow provided (used) for operating activities -₱282,316.78 ₱633,801.28 ₱1,213,620.39 ₱2,021,678.36 ₱1,125,530.56
Investing Activities:
Construction of Facility 269,517 0 0 300,000 0
Purchase of Biological Asset - Breeder 42,000 0 0 0 0
Purchase of Multicab 145,000 0 0 0 0
Purchase of Hog wire 25,000 0 0 0 0
Purchase of Electric Pump 6,000 0 0 0 0
Purchase of Computer 19,999 0 0 0 0
Purchase of Printer 7,850 0 0 0 0
Cash Flow provided (used) for investing activities -515,366 0 0 -300,000 0
Financing Activities:
Annual Lease Payment - Principal 388,555.61 401,183.66 414,222.13 427,684.35 441,584.09
Withdrawal by partners - 49,552.15 411,115.82 1,133,629.31 754,278.75
Cash flow provided (used) for financing activities -388,555.61 -450,735.81 -825,337.95 -1,561,313.66 -1,195,862.84
Net increase (decrease) in cash - 1,186,238.38 183,065.47 388,282.44 160,364.70 - 70,332.27

Cash beginning 1,200,000.00 13,761.62 196,827.09 585,109.52 745,474.22
Cash ending 13,761.62 196,827.09 585,109.52 745,474.22 675,141.95
D. Notes to Financial Performance
Note 1: Sale Schedule
SALES
Selling Price 4,750.00 4,900.00 5,050.00 5,200.00 5,350.00
Native Pig Sold 23 251 411 620 473
Total: 109,250.00 1,229,900.00 2,075,550.00 3,224,000.00 2,530,550.00
Note 2: Depreciation Expenses
Depreciation Expenses
Depreciation On: Year 1 Year 2 Year 3 Year 4 Year 5
A. Computer ₱ 999.95 ₱ 3,999.80 ₱ 3,999.80 ₱ 3,999.80 ₱ 3,999.80
B. Printer 392.50 1,570.00 1,570.00 1,570.00 1,570.00

C. Electric Pump 600.00 600.00 600.00 600.00 600.00
D. Facility 20,213.78 24,256.53 24,256.53 45,071.11 45,071.11
E. Multicab 13,050.00 13,050.00 13,050.00 13,050.00 13,050.00
F. Hog Wire 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00
Total: ₱ 37,756.23 ₱ 45,976.33 ₱ 45,976.33 ₱ 66,790.91 ₱ 66,790.91
A. Computer
Year 1
Computer ₱ 19,999.00 ÷ 5 years × 3/12 ₱ 999.95 ₱ 999.95
Year 2
Computer ₱ 19,999.00 ÷ 5 years × 12/12 ₱ 3,999.80 ₱ 4,999.75
Year 3
Computer ₱ 19,999.00 ÷ 5 years × 12/12 ₱ 3,999.80 ₱ 8,999.55
Year 4
Computer ₱ 19,999.00 ÷ 5 years × 12/12 ₱ 3,999.80 ₱ 12,999.35
Year 5
Computer ₱ 19,999.00 ÷ 5 years × 12/12 ₱ 3,999.80 ₱ 16,999.15
B. Printer
Year 1
Printer ₱ 7,850.00 ÷ 5 years × 3/12 ₱ 392.50 ₱ 392.50
Year 2
Printer ₱ 7,850.00 ÷ 5 years × 12/12 ₱ 1,570.00 ₱ 1,962.50
Year 3
Printer ₱ 7,850.00 ÷ 5 years × 12/12 ₱ 1,570.00 ₱ 3,532.50
Year 4
Printer ₱ 7,850.00 ÷ 5 years × 12/12 ₱ 1,570.00 ₱ 5,102.50
Year 5
Printer ₱ 7,850.00 ÷ 5 years × 12/12 ₱ 1,570.00 ₱ 6,672.50
C. Electric Pump
Year 1
Electric Pump ₱ 6,000.00 ÷ 10 years × 12/12 ₱ 600.00 ₱ 600.00
Year 2
Year 3
Year 4
Year 5
D. Facility
Salvage value
acquisition cost)
Year 1
Facility ₱ 269,517.00 ₱ 26,951.70 ÷ 10 years × 10/12 ₱ 20,213.78 ₱ 20,213.78
Year 2
Facility ₱ 269,517.00 ₱ 26,951.70 ÷ 10 years × 12/12 ₱ 24,256.53 ₱ 44,470.31
Year 3
Facility ₱ 269,517.00 ₱ 26,951.70 ÷ 10 years × 12/12 ₱ 24,256.53 ₱ 68,726.84
Year 4
Facility ₱ 500,790.16 ₱ 50,079.02 ÷ 10 years × 12/12 ₱ 45,071.11 ₱ 113,797.95
Year 5
Facility ₱ 500,790.16 ₱ 50,079.02 ÷ 10 years × 12/12 ₱ 45,071.11 ₱ 158,869.06
E. Multicab
Salvage value
acquisition cost)
Year 1
Multicab ₱ 145,000.00 ₱ 14,500.00 ÷ 10 years × 12/12 ₱ 13,050.00 ₱ 13,050.00
Year 2
Multicab ₱ 145,000.00 ₱ 14,500.00 ÷ 10 years × 12/12 ₱ 13,050.00 ₱ 26,100.00
Year 3
Multicab ₱ 145,000.00 ₱ 14,500.00 ÷ 10 years × 12/12 ₱ 13,050.00 ₱ 39,150.00
Year 4
Multicab ₱ 145,000.00 ₱ 14,500.00 ÷ 10 years × 12/12 ₱ 13,050.00 ₱ 52,200.00
Year 5
Multicab ₱ 145,000.00 ₱ 14,500.00 ÷ 10 years × 12/12 ₱ 13,050.00 ₱ 65,250.00
F. Hog Wire
Year 1
Hog Wire ₱ 25,000.00 ÷ 10 years × 12/12 ₱ 2,500.00 ₱ 2,500.00
Year 2
Hog Wire ₱ 25,000.00 ÷ 10 years × 12/12 ₱ 2,500.00 ₱ 5,000.00
Year 3
Hog Wire ₱ 25,000.00 ÷ 10 years × 12/12 ₱ 2,500.00 ₱ 7,500.00
Year 4
Hog Wire ₱ 25,000.00 ÷ 10 years × 12/12 ₱ 2,500.00 ₱ 10,000.00
Year 5
Hog Wire ₱ 25,000.00 ÷ 10 years × 12/12 ₱ 2,500.00 ₱ 12,500.00
Note 3: Utilities Expense

Electricity Expense (500 kilowatts per hour)
Generation =500 x 4.1192 = P2,059.60
VAT on Generation =500 x 0.3214 =160.70
Transmission =500 x 0.4728 =236.70
VAT on Transmission =500 x 0.0035 =1.75
System Loss =500 x 0.2455 =122.75
VAT on System Loss =500 x 0.0168 =8.40
Distribution =500 x 1.7200 =860
Supply- Supply System =500 x 0.4059 =202.95
Retail Customer
Metering- Metering System =500 x 0.22489 =112.40
Retail Meter =5.0000 =5.0000
Lifeline Subsidy =500 x 0.0689 =34.45
VAT on others =34.45 x 72.31% x 12% =3.00
Senior Citizen Subsidy =500 x 0.0001 =0.05
Local Franchise Tax =1,819.32 x 0.5% =9.10
VAT on Distribution =601.81 x 12% =52.22
Universal Charges- Missionary Electrification =500 x 0.1561 =78.05
Environmental =500 x 0.0025 =1.25
NPC Stranded Debts =500 x 0.0265 =13.25
NPC Stranded Debts =500 x 0.1938 =96.90
FIT-ALL ( renewable) =500 x 0.1830 =91.50
Total Electricity per month P 4,169.72

*The company expects that there will be an increase of electricity expense with an average of 1.78% for the second year to fourth
year according to Statista (2018) and 2% for the fifth year which is assumed by the company.
Utilities Expense

₱10,583.98 ₱10,901.50 ₱11,228.55 ₱11,565.40 ₱11,912.37
(881.9986 x 12 months) (881.9986 x 12 months) (881.9986 x 12 months) (881.9986 x 12 months) (881.9986 x 12 months)
Note 4: Transportation Expenses
Transportation Expense
Price per liter Liters Total Cost
Year 1 ₱43.40 200 ₱8,680.00
Year 2 ₱44.70 450 ₱20,115.00
Year 3 ₱46.04 450 ₱20,718.00
Year 4 ₱47.42 450 ₱21,339.00
Year 5 ₱48.85 450 ₱21,982.50
Note 5: Promotional Expenses
Promotional Expenses
What‟s Up Dagupan(P1,000/ month) ₱2,000.00 ₱12,360.00 ₱6,365.40 ₱6,556.36 ₱6,753.05
Page boostinge (P53/day) 1,060.00 1,091.80 1,124.55
Pamphlets* 1,762.50 1,815.38 1,682.85 1,540.75 1,586.97
Internet Fee (P999/month) 8,991.00 9,260.73 9,538.55 9,824.71 10,119.45
Total ₱13,813.50 ₱24,527.91 ₱18,711.35 ₱17,921.82 ₱18,459.47
Pamphlets*
Cost per unit ₱11.75 ₱12.10 ₱12.47 ₱12.84 ₱13.22
Number of units 150 150 135 120 120
Total: ₱1,762.50 ₱1,815.38 ₱1,682.85 ₱1,540.75 ₱1,586.97
Note 6: Miscellaneous Expenses

Miscellaneous Expenses
Items Year 1 Year 2 Year 3 Year 4 Year 5
Broom Stick (8 pieces for P20) ₱80.00 ₱82.40 ₱84.87 ₱87.42 ₱90.04
Broom (2 pieces for P60) 120.00 123.60 127.31 131.13 135.06
Dustpan (4pieces for 100) 400.00 412.00 424.36 437.09 450.20
Trash can (4 pieces for P50) 200.00 206.00 212.18 218.55 225.10
Toilet Brush 50.00 51.50 53.05 54.64 56.28
Detergent Soap 250.00 257.50 265.23 273.18 281.38
Water Drum (5 pieces for P511) 2555.00
Scrub Sponge (8 pieces for P20) 80.00 82.40 84.87 87.42 90.04
Total ₱3,735.00 ₱1,215.40 ₱1,251.86 ₱1,289.42 ₱1,328.10
Note 7: Salaries Expenses

Salaries Expenses
Salary per year 87,360.00 181,440.00 188,160.00 194,880.00 201,600.00
add: 13th month pay 7,280.00 15,120.00 15,680.00 16,240.00 16,800.00
Bonus and Reward 5,500.00 29,500.00 65,000.00 45,500.00 50,000.00
Total Net Salaries 100,140.00 226,060.00 268,840.00 256,620.00 268,400.00
SSS 562.50 1,125.00 1,198.60 1,198.60 1,272.40
PhilHealth 137.50 275.00 275.00 275.00 275.00
PAGIBIG 100.00 200.00 200.00 200.00 200.00
Total Salaries Expense 100,940.00 227,660.00 270,513.60 258,293.60 270,147.40
13th Month Pay Computation
Year 1 Year 2 Year 3 Year4 Year5

Caretaker 1 Caretaker 1 Caretaker 2 Caretaker 1 Caretaker 2 Caretaker 1 Caretaker 2 Caretaker 1 Caretaker 2
Gross Pay 7,280.00 7,560.00 7,560.00 7,840.00 7,840.00 8,120.00 8,120.00 8,400.00 8,400.00
Multiply: Months worked 12 12 12 12 12 12 12 12 12
87,360.00 90,720.00 90,720.00 94,080.00 94,080.00 97,440.00 97,440.00 100,800.00 100,800.00
Divided by 12 = 7,280.00 7,560.00 7,560.00 7,840.00 7,840.00 8,120.00 8,120.00 8,400.00 8,400.00
Total 7,280.00 15,120.00 15,680.00 16,240.00 16,800.00
Bonus and Reward Computation
Year 1 Year 2 Year 3 Year4 Year5

Number of new born pigs 110.00 295.00 295.00 650.00 650.00 455.00 455.00 500.00 500.00
Multiply: Bonus/reward per pig 50 50 50 50 50 50 50 50 50
5,500.00 14,750.00 14,750.00 32,500.00 32,500.00 22,750.00 22,750.00 25,000.00 25,000.00
Total 5,500.00 29,500.00 65,000.00 45,500.00 50,000.00
Computation of Salary
Gross Pay per month 7,280.00 7,560.00 7,560.00 7,840.00 7,840.00 8,120.00 8,120.00 8,400.00 8,400.00
Less: compensation per month

SSS 272.50 272.50 272.50 290.70 290.70 290.70 290.70 308.80 308.80
Philhealth 137.50 137.50 137.50 137.50 137.50 137.50 137.50 137.50 137.50
PAGIBIG 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Net Pay per month 6,770.00 7,050.00 7,050.00 7,311.80 7,311.80 7,591.80 7,591.80 7,853.70 7,853.70
Multiply: Months worked 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00
81,240.00 84,600.00 84,600.00 87,741.60 87,741.60 91,101.60 91,101.60 94,244.40 94,244.40
Add: 13th Month Pay* 7,280.00 7,560.00 7,560.00 7,840.00 7,840.00 8,120.00 8,120.00 8,400.00 8,400.00
Total salaries for the year 88,520.00 92,160.00 92,160.00 95,581.60 95,581.60 99,221.60 99,221.60 102,644.40 102,644.40
Compensation Benefits
Year 1
Caretaker1 Total
Employer Employee Employer Employee
SSS 562.50 272.50 562.50 272.50
Philhealth 137.50 137.50 137.50 137.50
PAGIBIG 100.00 100.00 100.00 100.00
Year 2
Caretaker1 Caretaker2 Total
Employer Employee Employer Employee Employer Employee
SSS 562.50 272.50 562.50 272.50 1,125.00 545.00
Philhealth 137.50 137.50 137.50 137.50 275.00 275.00
PAGIBIG 100.00 100.00 100.00 100.00 200.00 200.00
Year 3
SSS 599.30 290.70 599.30 290.70 1,198.60 581.40
Philhealth 137.50 137.50 137.50 137.50 275.00 275.00
PAGIBIG 100.00 100.00 100.00 100.00 200.00 200.00
Year 4
SSS 599.30 290.70 599.30 290.70 1,198.60 581.40
Philhealth 137.50 137.50 137.50 137.50 275.00 275.00
PAGIBIG 100.00 100.00 100.00 100.00 200.00 200.00
Year 5
SSS 636.20 308.80 636.20 308.80 1,272.40 617.60
Philhealth 137.50 137.50 137.50 137.50 275.00 275.00

PAGIBIG 100.00 100.00 100.00 100.00 200.00 200.00
Note 8: Other Operating Expenses
Other Operating Expenses

A. Property Taxes ₱47,754.98 ₱47,754.98 ₱50,754.98 ₱50,754.98 ₱50,754.98
B. Administrative Expenses 3,100.00 3,193.00 3,288.79 3,387.45 3,489.08
C. Rice Bran Feeds Expense 34,833.40 195,693.82 196,952.37 249,813.78 243,208.95
D. Vegetable Feeds Expense 33,648.00 69,721.00 87,961.00 105,145.00 91,033.00
E. Hog Cholera Vaccine 2,120.00 5,850.40 13,155.16 9,506.72 10,714.84
F. Iron Summpement 2,120.00 5,850.40 13,155.16 9,506.72 10,714.84
Total: ₱123,576.38 ₱328,063.60 ₱365,267.47 ₱428,114.67 ₱409,915.70
A. Property Taxes
Value Year 1 Year 2 Year 3 Year 4 Year 5
Building(1%) ₱269,517.00 ₱2,695.17 ₱2,695.17 ₱5,695.17 ₱5,695.17 ₱5,695.17
Land(1%) 4,505,981.37 45,059.81 45,059.81 45,059.81 45,059.81 45,059.81
Total: ₱47,754.98 ₱47,754.98 ₱50,754.98 ₱50,754.98 ₱50,754.98
B. Administrative Expenses
Business Documents Year 1 Year 2 Year 3 Year 4 Year 5
Business tax ₱1,815.00 ₱1,869.45 ₱1,925.53 ₱1,983.30 ₱2,042.80
Mayor‟s permit 55.00 56.65 58.35 60.10 61.90
Occupational tax 200.00 206.00 212.18 218.55 225.10
Sanitary inspection fee 150.00 154.50 159.14 163.91 168.83
Service charges 30.00 30.90 31.83 32.78 33.77
Sticker 250.00 257.50 265.23 273.18 281.38
Zoning 50.00 51.50 53.05 54.64 56.28
Fire protection certificate 550.00 566.50 583.50 601.00 619.03
Total: ₱3,100.00 ₱3,193.00 ₱3,288.79 ₱3,387.45 ₱3,489.08
C. Rice Bran Feeds Expense

Year 1 Heads Cost per Kilogram Kilograms per Day Number of Days Total
A. Sow Breeder(Batch 1)Before Breeding 10 2 2 43 ₱ 1,720.00
3rd to 100th days 10 2 2 194 7,760.00
101th - 125th days 10 2 3 50 3,000.00
During Lactation 10 2 4.5 49 4,410.00
After weaning 10 2 2.75 28 1,540.00
B. Boar Breeder 2 2 2.25 360 3,240.00
C. Raising(for selling) 38 2 0.1 44 334.40
38 2 0.25 15 285.00
28 2 2 112 12,544.00
₱ 34,833.40
A. Sow Breeder(Batch 1)Before Breeding 10 2.06 2 43 ₱ 1,771.60
3rd to 100th days 10 2.06 2 187 7,704.40
101th - 125th days 10 2.06 3 25 1,545.00
During Lactation 10 2.06 4.5 49 4,542.30
After weaning 10 2.06 2.75 28 1,586.20
Sow Breeder(Batch 2) Before Breeding 15 2.06 2 43 2,657.40
3rd to 100th days 15 2.06 2 146 9,022.80
101th - 125th days 15 2.06 3 50 4,635.00
After weaning 15 2.06 2.75 56 4,758.60
B. Boar Breeder 5 2.06 2.25 360 8,343.00
C. Raising(for selling) 282 2.06 0.1 20 1,161.84
352 2.06 0.25 15 2,719.20
251 2.06 2 112 115,821.44
101 2.06 2 52 21,638.24
₱ 195,693.82
A. Sow Breeder(Batch 1)Before Breeding 10 2.12 2 43 ₱ 1,824.75
3rd to 100th days 10 2.12 2 144 6,110.78
101th - 125th days 10 2.12 3 50 3,182.70
After weaning 10 2.12 2.75 56 3,267.57
3rd to 100th days 15 2.12 2 194 12,348.88
101th - 125th days 15 2.12 3 50 4,774.05
After weaning 15 2.12 2.75 56 4,901.36
B. Boar Breeder 5 2.12 2.25 360 8,593.29
435 2.12 0.25 15 3,461.19
273 2.12 2 112 129,752.31
₱ 196,952.37
A. Sow Breeder(Batch 1)Before Breeding 10 2.19 2 43 ₱1,879.49
3rd to 100th days 10 2.19 2 192 8,392.14
101th - 125th days 10 2.19 3 50 3,278.18
After weaning 10 2.19 2.75 28 1,682.80
3rd to 100th days 15 2.19 2 194 12,719.34
101th - 125th days 15 2.19 3 48 4,720.58
After weaning 15 2.19 2.75 28 2,524.20
B. Boar Breeder 5 2.19 2.25 360 8,851.09
380 2.19 0.25 15 3,114.27
380 2.19 2 112 186,025.84
₱ 249,813.78
A. Sow Breeder(Batch 1/3)
Before Breeding 10 2.25 2 43 ₱1,935.88
3rd to 100th days 10 2.25 2 176 7,923.58
101th - 125th days 10 2.25 3 50 3,376.53
After weaning 10 2.25 2.75 56 3,466.57
3rd to 100th days 15 2.25 2 141 9,521.80
101th - 125th days 15 2.25 3 39 3,950.54
After weaning 15 2.25 2.75 56 5,199.85
B. Boar Breeder 5 2.25 2.25 360 9,116.62
476 2.25 0.25 15 4,018.07
348 2.25 2 112 175,471.33
₱ 243,208.95
D. Vegetable Feeds Expense
Year 1 Ratio Heads Cost per Pack Cost of Feeds/Head Days Total:
A. Boar and Sow 6 pigs per pack 12 30.00 5.00 365 ₱21,900.00
6 pigs per pack 18 30.00 5.00 90 8,100.00
B. Raising(for selling) 35 litter per pack 38 30.00 0.86 112 3,648.00
33,648.00
Year 2 Ratio Heads Cost per Pack Percentage per pack Days Total:
69,721.00
87,961.00
105,145.00
91,033.00
E. Hog Cholera Vaccine F. Iron Supplement

Units Consumed Cost per inject Total Units Consumed Cost per inject Total
Year 1 106 20.00 ₱2,120.00 Year 1 106 20.00 ₱2,120.00
Year 2 284 20.60 ₱5,850.40 Year 2 284 20.60 ₱5,850.40
Year 3 620 21.22 ₱13,155.16 Year 3 620 21.22 ₱13,155.16
Year 4 435 21.85 ₱9,506.72 Year 4 435 21.85 ₱9,506.72
Year 5 476 22.51 ₱10,714.84 Year 5 476 22.51 ₱10,714.84
Note 9: Changes in the fair value of the biological asset

Biological Asset
YEAR 1
Total Gain in Fair Gain Fair Decrease in Fair Carrying Value

Cost of Cost of New On
Date Bought New Born Harvest and Value Due to Value Due To Value due to of Biological
bought pig Born hand
Loss Physical Change Price Change Harvest and Loss asset
January 12 3,500.00 - 1,000.00 - - - - 12 ₱ 42,000.00

February - 3,500.00 - 1,000.00 - - - - 12 42,000.00
March - 3,500.00 - 1,000.00 - - - - 12 42,000.00
April - 3,500.00 - 1,000.00 - - - - 12 42,000.00
May - 3,500.00 40 1,000.00 2 40,000.00 - 7,000.00 50 75,000.00
June - 3,500.00 - 1,000.00 - - - - 50 75,000.00
July - 3,500.00 - 1,000.00 - - - - 50 75,000.00
August - 3,500.00 - 1,000.00 - - - - 50 75,000.00
September - 3,500.00 - 1,000.00 23 100,000.00 - 80,500.00 27 94,500.00
October 3 3,500.00 - 1,000.00 - - - - 30 105,000.00
November - 3,500.00 - 1,000.00 - - - - 30 105,000.00
December - 3,500.00 70 1,000.00 - 70,000.00 - - 100 175,000.00
YEAR 2
January - 3,500.00 - 1,000.00 - - 5,000.00 - 100 ₱ 180,000.00
February - 3,500.00 - 1,000.00 2 - - 7,000.00 98 173,000.00
March - 3,500.00 60 1,000.00 - 60,000.00 - - 158 233,000.00
April - 3,500.00 - 1,000.00 68 175,000.00 - 238,000.00 90 170,000.00
May - 3,500.00 - 1,000.00 2 - - 7,000.00 88 163,000.00
June - 3,500.00 - 1,000.00 - - - - 88 163,000.00
July - 3,500.00 130 1,000.00 58 280,000.00 - 203,000.00 160 240,000.00
August - 3,500.00 - 1,000.00 - - - - 160 240,000.00
September - 3,500.00 - 1,000.00 5 - - 17,500.00 155 222,500.00
October - 3,500.00 105 1,000.00 - 105,000.00 - - 260 327,500.00
November - 3,500.00 - 1,000.00 38 325,000.00 - 133,000.00 222 519,500.00
December - 3,500.00 - 1,000.00 91 - - 318,500.00 131 201,000.00
YEAR 3
Batac,January
A. O., Abedania,- M.F.,3,500.00
Begenio, M.E.,- Carane,
1,000.00 -
J.G., Fernandez, -
M.S., Garcia, D.L.,6,550.00 -
Gabrillo, H.Y., Zamora, 131
K.A ₱
69
207,550.00
February - 3,500.00 130 1,000.00 101 392,500.00 - 353,500.00 160 246,550.00
March - 3,500.00 - 1,000.00 - - - - 160 246,550.00
April - 3,500.00 - 1,000.00 5 - - 17,500.00 155 229,050.00
July - 3,500.00 130 1,000.00 58 280,000.00 - 203,000.00 160 240,000.00
August - 3,500.00 - 1,000.00 - - - - 160 240,000.00
September - 3,500.00 - 1,000.00 5 - - 17,500.00 155 222,500.00

October
November
-
-
3,500.00
3,500.00
105
-
1,000.00
1,000.00 38
- 105,000.00
325,000.00
-
- 133,000.00
- 260
222
327,500.00
519,500.00
December - 3,500.00 - 1,000.00 91 - - 318,500.00 131 201,000.00
YEAR 3
January - 3,500.00 - 1,000.00 - - 6,550.00 - 131 ₱ 207,550.00
February - 3,500.00 130 1,000.00 101 392,500.00 - 353,500.00 160 246,550.00
March - 3,500.00 - 1,000.00 - - - - 160 246,550.00
April - 3,500.00 - 1,000.00 5 - - 17,500.00 155 229,050.00
May - 3,500.00 195 1,000.00 - 195,000.00 - - 350 424,050.00
June - 3,500.00 - 1,000.00 76 325,000.00 - 266,000.00 274 483,050.00
July - 3,500.00 - 1,000.00 59 - - 206,500.00 215 276,550.00
August - 3,500.00 - 1,000.00 - - - - 215 276,550.00
September - 3,500.00 130 1,000.00 76 617,500.00 - 266,000.00 269 628,050.00
October - 3,500.00 - 1,000.00 109 - - 381,500.00 160 246,550.00
November - 3,500.00 - 1,000.00 5 - - 17,500.00 155 229,050.00
December - 3,500.00 195 1,000.00 - 195,000.00 - - 350 424,050.00
YEAR 4
January - 3,500.00 - 1,000.00 76 325,000.00 17,500.00 266,000.00 274 ₱ 500,550.00
February - 3,500.00 - 1,000.00 59 - - 206,500.00 215 294,050.00
March - 3,500.00 - 1,000.00 - - - - 215 294,050.00
April 3,500.00 130 1,000.00 114 617,500.00 - 399,000.00 231 512,550.00
May - 3,500.00 - 1,000.00 71 - - 248,500.00 160 264,050.00
June - 3,500.00 195 1,000.00 5 195,000.00 - 17,500.00 350 441,550.00
July - 3,500.00 - 1,000.00 - - - - 350 441,550.00
August - 3,500.00 - 1,000.00 86 325,000.00 - 301,000.00 264 465,550.00
September - 3,500.00 - 1,000.00 49 - - 171,500.00 215 294,050.00
October - 3,500.00 - 1,000.00 38 487,500.00 - 133,000.00 177 648,550.00
November - 3,500.00 130 1,000.00 147 130,000.00 - 514,500.00 160 264,050.00
December - 3,500.00 1,000.00 - - - - 160 264,050.00
YEAR 5
January - 3,500.00 195 1,000.00 5 195,000.00 8,000.00 17,500.00 350 ₱ 449,550.00
February - 3,500.00 - 1,000.00 - - - - 350 449,550.00
March - 3,500.00 - 1,000.00 86 325,000.00 - 301,000.00 264 473,550.00
April - 3,500.00 40 1,000.00 49 40,000.00 - 171,500.00 255 342,050.00
May - 3,500.00 - 1,000.00 38 487,500.00 - 133,000.00 217 696,550.00
June - 3,500.00 - 1,000.00 149 - - 521,500.00 68 175,050.00
July - 3,500.00 - 1,000.00 - - - - 68 175,050.00
August - 3,500.00 195 1,000.00 - 295,000.00 - - 263 470,050.00
September - 3,500.00 - 1,000.00 38 - - 133,000.00 225 337,050.00
October - 3,500.00 - 1,000.00 10 - - 35,000.00 215 302,050.00
November - 3,500.00 70 1,000.00 - 70,000.00 - - 285 372,050.00
December - 3,500.00 - 1,000.00 125 487,500.00 - 437,500.00 160 422,050.00
Summary on Changes in Biological Asset

Beginning - 175,000.00 201,000.00 424,050.00 264,050.00
Purchase 52,500.00 - - - -
Increase 210,000.00 950,000.00 1,731,550.00 2,097,500.00 1,908,000.00
Decrease 87,500.00 924,000.00 1,508,500.00 2,257,500.00 1,750,000.00
Net Increase/
122,500.00 26,000.00 223,050.00 - 160,000.00 158,000.00
Decrease
Ending 175,000.00 201,000.00 424,050.00 264,050.00 422,050.00
Note 10: Table of Amortization

Table of Amotization
Annual Payment Interest Principal Lease Liability

4,505,981.37
Year 1 535,000.00 146,444.39 388,555.61 4,117,425.76
Year 2 535,000.00 133,816.34 401,183.66 3,716,242.10
Year 3 535,000.00 120,777.87 414,222.13 3,302,019.97
Year 4 535,000.00 107,315.65 427,684.35 2,874,335.62
Year 5 535,000.00 93,415.91 441,584.09 2,432,751.52
Year 6 535,000.00 79,064.42 455,935.58 1,976,815.95
Year 7 535,000.00 64,246.52 470,753.48 1,506,062.47
Year 8 535,000.00 48,947.03 486,052.97 1,020,009.50
Year 9 535,000.00 33,150.31 501,849.69 518,159.81
Year 10 535,000.00 16,840.19 518,159.81 -
E. Breakeven Analysis
Boar Hut was not able to breakeven in the first year of operation but for the subsequent
years of operation it already exceeded the marginal cost of producing native pig.
Normally, pig farms with smaller capacity have higher chances of attaining their
breakeven point since they produce fewer numbers of pigs. The company attained the
needed units in order to breakeven because of the large capacity of their land.
Breakevent Point
Selling Price ₱4,750.00 ₱4,900.00 ₱5,050.00 ₱5,200.00 ₱5,350.00
Variable Cost 3,161.80 1,104.05 757.24 603.18 751.95
Fixed Cost 124,253.78 255,016.53 297,870.13 306,464.71 318,318.51
Breakevent Point-Live Fixed Cost/(Selling price - Variable Cost) 78.24 67.18 69.39 66.67 69.23
Unit Sold 23 251 411 620 473
700
600 620
500 473
400 411
300
251
200
76.24 67.18 69.39 66.67
100
69.23
0 23
BEP Unit Sold
F. Comparative Analysis
A. Introduction
Boar Hut, a company that is primarily offering native pigs, is considering two options of
what products should be offered:
Option 1 - live native pig and native pig lechon, or
Option 2 - live native pig only.
This study would determine which option the company should follow in order to be more
profitable and to reach their goals and objectives of raising the demand of swine products that is
uncommonly served in the market.
Native Pig Lechon
The company would roast five-month old native pigs using their own authentic way of
making lechon. Those individual who wants to buy lechon for events and occasions will be
accommodated. One of the edge that the live native pig of Boar Hut is it has more compact
body so it will yield heavy meat and crisp skin, perfect for big occasions.
Live Native Pig
The company will be selling live five-month old native pigs to the retailers that slaughters
and at the same time sells meat to the market. It would also be available to people who wants to
buy native pigs for raising or to be made as feast foods and to roast the pig by themselves.
B. Comparability
 Initial Inputs
The total initial investment in the first year of operation if the company offers option 1
would be P 5,176,004. These includes the land, the pigs and their health maintenance,
feeds, the cost of facility, the material needed in the facility and stalls, the equipment and
materials needed in making lechon, and the vehicle. On the other hand, the initial
investment, if option 2 is made, will be P1,107,081. These only include the land, the pigs
and their health maintenance, feeds, the cost of facility, the material needed in the facility,
and the vehicle.
 Production
The production capacity would be larger if live native pigs would be offered. If the
company also offers lechon, the facility and the land would be divided to the grazing are,
the roasting area, and to the pig pens.
 Demand
According to the interview conducted by the proponents, the demand of live
native pig is high while the demand for lechon is low. This is because the product is
seasonally demanded.
 Cost Incurred per unit
Cost Incurred Opti on 1: Li ve nati ve pi g w i th Cost Incurred Opti on 2: Li ve

Nati ve pi g l echon nati ve pi g onl y
Lechon Live native pig
Rent Expense 60,000.00
Depreciation of facility 20,213.78 24,256.53 20,213.78
Depreciation of roasting machine 338.33
Promotion Cost 30,863.75 30,863.75 3,348.00
transportation 6,510.00 6510 6510
Utilities 50,036.64 50,036.64 10,583.98
Miscellaneous 780.00 780 780
Total 168,742.50 112,446.92 41,435.76
divided by: number of pigs 125 125 125
1,349.94 899.58 331.49
Purchase Cost of Pig 3,500.00 3,500.00 3,500.00
Average Feed Expense per sold pigs 7.09 7.09 7.09
Hog Cholera Vaccine 20.00 20.00 20.00
Iron Supplement 20.00 20.00 20.00
Salaries of Caretaker 260.00 260.00 260.00
Salaries of production Employee 520.00
Packaging Cost 100.00
Ingredients 245.00
Charcoal 250.00
Cost per unit sold ₱ 6,272.03 ₱ 4,706.67 ₱ 4,138.58
 Income per unit
Incom e per uni t Opti on 1: Li ve nati ve pi g Incom e per uni t Opti on 2: Li ve

w i th Nati ve pi g l echon nati ve pi g onl y
Lechon Live
Selling Price ₱7,500.00 ₱4,750.00 ₱4,750.00
Cost per unit sold 6272.03 4706.67 4138.58
Income Per Unit ₱1,227.97 ₱43.33 ₱611.42
C. Analysis
The initial inputs needed when the company offers only live native pig is lower than the
initial investment of offering live native pig and native pig lechon due to fewer assets to be
acquired. In terms of productivity, more native pigs is offered to the market if the company only
offers live native pig. For the interviewed demand, there is a high demand for live native pigs. If
the company both offers live native pig and native pig lechon, the demand cannot be reached or
sustained. For the cost to be incurred for each pig, offering lechon would add an additional cost
of direct materials of ingredients and charcoal, direct labor, and depreciation expense of
roasting machine. Though the income per unit is higher if both live native pigs and native pig
lechon was offered, the total income of the company after multiplying the income per unit to the
production or the sales of the product, is higher if only live native pig was offered.
In deciding what products are to be offered, the proponents consider factors that show
the profitability and cost-benefit effectiveness of each product. In this analysis, the proponents
sum up all the aspects and risk that might occur in the two alternatives. The analysis shows that
it will be more efficient for the company to offer live native pigs only.
G. Financial Ratios and Analysis
Liquidity Ratio
Current Assets 13,761.62 196,827.09 585,109.52 745,474.22 675,141.95
Current Liabilities 11,383.98 196,313.73 485,133.84 693,273.69 582,565.84
Current Ratio Current Asset ÷ Current Liabilities 1.21 1.00 1.21 1.08 1.16
Working Capital Current asset - Current liabilities 2,377.63 513.35 99,975.68 52,200.54 92,576.11
Current Ratio
In swine industry, a current ratio less than 1 is considered weak while, a ratio greater
than 2 is considered strong. The current ratio of Boar Hut is from 1st year to 5th year fluctuating
but it is still in the industry‟s normal rate which is a current ratio equal or greater than 1 is
acceptable.
1.5
1.21 1.21 1.08
1 1 1.16
0.5
0
Current Ratio
Working Capital
Boar Hut has a positive working capital which indicates that it can meet its short-term
obligations. In this kind of industry, the normal rate is having a positive working capital. The
working capital can be used for additional resources of the company.
₱150,000.00
₱100,000.00 ₱99,975.68 ₱92,576.11
₱50,000.00 ₱52,200.54
₱513.35
₱2,377.63
₱0.00
Working Capital
Leverage Ratio
Total Assets 5,119,852.76 5,282,941.90 5,848,298.01 6,081,871.79 6,102,748.60
Total Debt 4,128,809.75 3,912,555.83 3,787,153.81 3,567,609.31 3,015,317.36
Total Equity 991,043.01 1,370,386.07 2,061,144.20 2,514,262.49 3,087,431.24
Debt-to-total-asset ratio Total Debt ÷ Total Asset 0.81 0.74 0.65 0.59 0.49
Debt-to-equity ratio Total Debt ÷ Total Equity 4.17 2.86 1.84 1.42 0.98
Debt-to-asset Ratio
If the debt-to-asset ratio is greater than 65% it is weak while less than 35% is considered
strong in the swine industry. The debt-to-asset ratio of Boar Hut is weak because the land used
in the business is under finance lease agreement.

1.00
0.80 0.81 0.74
0.65 0.59
0.60
0.40 0.49
0.20
0.00
Debt-to-asset Ratio
Debt-to-Equity Ratio
The debt-to-equity ratio of Boar Hut is decreasing which indicates good business
performance from first year to fifth year since the company‟s financial risk decreases over time.
5.00
4.17
4.00
2.86
3.00
2.00 1.84
1.42
1.00
0.98
0.00
Debt-to-equity Ratio
Total Asset Turnover

Activity Ratio
Sales 109,250.00 1,229,900.00 2,075,550.00 3,224,000.00 2,530,550.00
Total Assets 5,119,852.76 5,282,941.90 5,848,298.01 6,081,871.79 6,102,748.60
Total Assets Turnover Sales ÷ Total Asset 2.13% 23.28% 35.49% 53.01% 41.47%
During the first year of operation of Boar Hut, it has low activity ratio which implies that
the company has poor credit and collection performance. However, during the second year to
fourth year, it has increased activity ratio which implies that the company is efficient in allocating
its assets. While in fifth year, the activity ratio has decreased due to lower production of native
pigs. The asset turnover rate is sales divided by total assets. It shows how efficiently assets are
being utilized to generate revenue. The higher the asset turnover, the better the company is
performing in generating more revenue per peso of assets.
60% 51%
50%
40% 35%
41%
30% 23%
20% 20%
10%
0%
Activity Ratio
Profitability Ratio
Sales 109,250.00 1,229,900.00 2,075,550.00 3,224,000.00 2,530,550.00
Operating Profit -62,512.59 612,707.43 1,574,105.64 2,266,782.28 1,896,353.57
Net Income -208,956.99 428,895.20 1,101,873.95 1,586,747.60 1,327,447.50
Investment(Beg. Capital each year 1,200,000.00 991,043.01 1,370,386.07 2,061,144.20 2,514,262.49
Total Assets 5,119,852.76 5,282,941.90 5,848,298.01 6,081,871.79 6,102,748.60
Operating profit margin Operating Profit ÷ Sales -57.22% 49.82% 75.84% 70.31% 74.94%
Net Profit Margin Net Income ÷ Sales -191.26% 34.87% 53.09% 49.22% 52.46%
Return on Total Assets Net Income ÷ Total Asset -4.08% 8.12% 18.84% 26.09% 21.75%
Return on Investment Net Income ÷ Investment -17.41% 43.28% 80.41% 76.98% 52.80%
Operating Profit Margin
An operating profit margin less than 10% is weak while greater than 20% is strong. Boar
Hut‟s operating profit margin is increasing from 2st to 5th year and it exceeds the normal rate
which is 10%.
Net Profit Margin
If the net profit margin is less than 7% it is weak and greater than 15% is strong. The net
profit margin of Boar Hut exceeds the normal rate which is 7%. Aside from that, the objective of
having a least 30% net profit was achieved.
Return on Total Assets
The return on total assets is weak if it is less than 4% and strong if it is greater than
10%. Boar Hut‟s return on total asset from 1st year is lower than the normal rate which makes it
weak but in the subsequent years it exceeds the normal rate.
Return on Investment
It will be higher than return on assets if there is debt and it will be the same if there is
none. If the return on investment is less than 6% it is weak and if it is greater than 12% it is
strong. The return on investment on 1st year is lower than negative so it is weak while on the 2nd
to 5th year is normal on which is a return on investment equal or greater than 12.135% is
acceptable in the pig production industry (Faylon P, N.D.)
100.00%
80.41% 76.98%
74.94%
57.22% 49.82% 75.84% 70.31%
50.00% 43.28% 53.09% 49.22% 52.80%
52.46%
34.87% 18.84% 21.75%

8.12% 26.09%
0.00%
Year 1 -4.08% Year 2 Year 3 Year 4 Year 5
-17.41%
-50.00%
-100.00%
-150.00%
-191.26%
-200.00%
-250.00%
Operating profit margin Net profit margin
Return on total asset return on investment
Sales Growth and Net Income Growth

Growth Ratio
Sales Growth Percentage increase/ decrease of sales 0 10.26 0.69 0.55 -0.22
Net Income Growth Percentage increase/ decrease of Net 0 3.05 1.57 0.44 -0.16
The growth ratios are decreasing because of the different number of native pigs
available for sale. It has significantly increased from the year 1 to year 2 but it has gradually
decreased for the subsequent years. In year one, majority of the company‟s operation was
raising of and it only started selling native pigs on later months of the year.
12
10 10.26
8
6
4
3.05
2 1.57 0.55
0 0 -0.16
0.69 0.44 -0.22
-2 Year 1 Year 2 Year 3 Year 4 Year 5
Sales Growth Net Income Growth
Operating Cost over Annual Sales
Operating Cost over Sales
269% 52% 35% 25% 31%
The table shows that the objective of minimizing cost by at least 30% less than the
annual sales was not achieved by the company since the startup cost for company‟s operation
was higher than the sales generated on the first year. As for the succeeding years, the objective
was achieved since the generated sale was greater than the cost incurred.
300% 269%
250%
200%
150%
100% 52%
50% 35% 25%
0% 31%
Operating Cost over Sales
Payback Period
Payback Period
Beginning Capital investment to account for= P5,200,000
Cost to Account for less: Net Cash Inflow Accounted for the year
Year 1 ₱1,200,000.00 -₱208,956.99 1
Year 2 ₱1,408,956.99 428,895.20 1
Year 3 ₱980,061.78 1,101,873.95 0.89
2.89
According to EntrePinoys Atbp. Website, the typical payback period for this business is
approximately 4.7 years. Thus, the payback period of Boar Hut's initial investment of 2.89 years
is shorter than the normal expected payback period.
Net Present Value

Net Present Value
Computation: Net Cash Inflow × Present Value Factor
Net Cash Inflow PV Factor based on 3.25% Present Value
Year 1 -₱171,200.76 0.96852 -₱165,811.88
Year 2 474,871.53 0.93804 423,992.44
Year 3 1,147,850.28 0.90851 915,059.22
Year 4 1,653,538.51 0.87991 1,176,956.05
Year 5 1,394,238.42 0.85222 886,063.72
Total Net Present Value ₱3,236,259.55
The total net present value of Boar Hut is positive. This indicates that the cash inflow is
higher than the cash outflow. Generally, an investment with a positive net present value is
acceptable business.
XI. Conclusion
The purpose of the study is to prove that it is feasible to establish a business engage in
raising and selling live native pig for five years of operation. The study does not nevertheless
accounts any other related products to the company like processing of native pigs such as
lechon, tapa and meat products because the capacity of the land and the facility is only
available for the purpose of raising of native pigs. After the five-year operation, any other
product developments will be considered since the company has limited capacity of production
and it focuses on promoting the raising of native pigs.
The information, advices and recommendations about native pigs such as proper raising
of native pigs was gathered from the Municipal Agriculture Office of Sta. Barbara and Labrador,
Pangasinan with the supplemental information from interviews and surveys conducted in the
target market of the company, the Municipality of Calasiao and Dagupan City in Pangasinan
because they are the center of trade and the economy of these places are based primarily on
agriculture which can help in introducing their product to those who buys livestock.
For the social and environmental impact of the business, there will be additional source
of income for the community. Boar Hut as a business can also provide an additional income to
the residents of Brgy. Cabilocaan, especially to those people who are qualified to work for the
business. Also, the waste of native pig can be used as fertilizer to help the environment in
reducing the usage of artificial fertilizer. Using the waste as fertilizer will reduce the bad
environmental effect in terms of the smell. It will also give an additional business opportunity for
the buyers who want to have business related to native pigs. The native pigs that bought by the
buyers may become their capital to build any business that they want to provide to the market.
The company‟s long-term goals include increasing market share, sales and profit. To be
able to attain the company‟s business goals, the proponents provide long-term strategies such
as business expansion and product innovation. In business expansion, the company will branch
out in different places that have a larger market in terms of livestock and meat like in Mangaldan
and Urdaneta City, Pangasinan. It has the advantage of exposing the business to a wider
audience. This increased pool of potential customers can dramatically improve sales, resulting
in increased profitability. Long-term strategies should be made because customers‟ preferences
change. The company also needs innovation for its product that people will value and cherish
to cope up with the change and advancement of technology. The company may consider
processing the native pigs into frozen foods or making native pig lechon.
In worst case scenarios, the proponents develop exit strategies. Looking to different
possibilities such as when the company‟s product cannot cope up with the changing customers‟
preference and number of competitors have continuously increasing with more advantageous
product than what the company offers. As a result, the proponents anticipate the likelihood of
leaving, liquidating or dissolving the business. When a partner is ready to retire, insolvent, civil
interdicted, declared insane, or incapable of doing his part as a partner, they can sell their equity
to the existing partners. This strategy would increase the value of the shares of the existing
partners and will increase the equity position of the remaining partners.
The partners may also come to an agreement on selling the whole business especially
when it goes unprofitable. The business should be valued accordingly to the agreement of the
partners and the buying company or to the company who would like to sell the business for the
Boar Hut. The company may sell native pigs at an agreed price which will be used in paying the
remaining debt of the company.
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XI. Appendices
Appendix A: Survey Questionnaire
Name (optional): ______________________________________________________
Age: _15-24 _25-34 _35-44 _45-54 _55-64 _65 and above
Sex: _Male _Female
What kind of meat do you often buy? (You may choose more than one)
__Pork __Beef __Chicken __Goat meat
Are you familiar about native pig?
__Yes __No (If not, why? _____________)
Are you willing to buy native pig lechon?
__Yes __No (If not, why? __________)
How much are you willing to spend in buying Native Pig Lechon (per kilogram)?
___P550-600 ___P601-650 ___P651-700
5) How much are you willing to spend in buying Native Pig Lechon (whole-average of 15
kilograms)?
___P7, 500-8, 000 ___P8, 001-8, 500 ___P8, 500-9,000
What is your most preferred product of Boar Hut?
___Native Pig Lechon___Live Native Pig
7) What factors do you consider in buying Native Pig Tapa? (You may choose more than
one)
__Taste __Packaging __Appearance _Price

__Habitually Bought __Brand __Quantity
Appendix B: Articles of Partnership
Appendix C: Monthly Compensation Tables
Note: The maximum monthly compensation allowed to compute each employee’s Pagibig contribution is currently at P5,000
which means that the maximum contribution for each member and employer is currently at P100 respectively.
Appendix D: Finance Lease Agreement
FINANCE LEASE AGREEMENT

THIS AGREEMENT MADE and entered into on this 5th day of June, 2018 by and between Juliana
Gabrillo, hereinafter called Lessor, and Boar Hut, hereinafter called Lessee, hereby leases to
Lessee, his/her heirs or assignees, the land situated in the town of Calasiao, Country of Philippines
with the street address of 291 Cabilocaan.
upon the following terms and conditions:
1. Rent to own: the Lessor hereby transfer the ownership of the land to the Lessee at the end of the
lease term.
2.Term: The term of the lease is 10 years.
3. Rent: Rent shall be P535,000 per year inclusive of interest, upon the end day of each calendar
year to Lessor or his or her authorized agent at the following address 196 Cabilocaan, Calasiao,
Pangasinan
4. Default: In the event the rental payment is not received within five (10) days after the due date,
Lessee agrees to pay a late charge of P2,000 plus interest at 12% per annum on the delinquent
amount. Any check tendered in payment of rent that is returned NSF will be subject to a service
charge of P2,000 and will not be applied as an additional consideration towards the rental payment of
the land.
5. Utilities: Lessee shall be responsible for the payment of all utilities and services.
6. Notices: Any notice which either party may or is required to give may be given by mailing the same,
postage prepaid, to Lessee or at such other places as may be designated by the parties from time to
time.
7. Examination of Title: Lessee shall have fifteen (15) days from the date of receipt of title report to
examine the title to the property and to report, in writing, any valid objections thereto.
Any exceptions to the title which would be disclosed by examination of the records shall be deemed
to have been accepted unless reported in writing with said fifteen (15) days. If Lessee objects to any
exceptions to the title, Lessor shall use all due diligence to remove such exceptions at his/her own
expenses within sixty (60) days thereafter. But, if such exceptions cannot be removed within the
sixty (60) days allowed, all rights and obligations hereunder may, at the election of the Lessee,
terminate and end unless he/she elects to purchase the property subject to such exceptions.
8. Evidence of Title: Lessor shall provide evidence of title in the form of a policy of title insurance at
Lessor’s expense.
Lessor Lessee
XII. Curriculum Vitae
Andre O. Batac
#35 Brgy. Bakitiw, Malasiqui, Pangasinan 2421
(+63950) 650-9192| [email protected]
EDUCATION
2014- Present Kingfisher School of Business and Finance
MacArthur Highway, Lucao District, Dagupan City, Pangasinan
Bachelor of Science in Management Major in Financial and Management
Accounting
2010-2014 Malasiqui Agno Valley college

Malasiqui, Pangasinan, Philippines
First Honorable Mention
2004-2010 Rio Tuba Central School

Palawan, Philippines
Class Valedictorian
EXPERIENCE
Calasiao Ice Plant Incorporated
 Intern (2017) I have been a part of accounting staff for reconciliation
of accounts receivable and sales. I was also given the responsibility of
handling accounting information system for updating actual records of
the company.
CO-CURRICULAR ACTIVITIES
Kingfisher School of Business and Finance Junior Philippine
Institute of Accountants (Kingfisher JPIA)
 Junior Philippine Institute of Accountants (2014 to 2017) – joined and
participated as a member in the activities of the organization that aims
to develop and improve students‟ knowledge and skills in business
and accounting to become competent and well-rounded individuals.
OTHER DATA
 Excellent written and oral communication skills
 Proficient in Microsoft Office (e.g. Excel, Word, PowerPoint)
Melrose F. Abedania
#592, Mangin District, Dagupan City, Pangasinan 2400
(+63917) 480-7979/ [email protected]
EDUCATION
2014-2018 Kingfisher School Of Business and Finance

1131 MacArthur Highway, Lucao District, Dagupan City, Pangasinan
Bachelor of Science in Accountancy
2010-2014 Judge Jose De Venecia Sr. Memorial National High School

Bolosan District, Dagupan City, Pangasinan
3rd honorable mention
2004-2010 Bolosan Elementary School

Bolosa District, Dagupan City, Pangasinan
EXPERIENCE
W.C.H. Peralta Accounting Office
 Intern (2018) – Trained how to deal with clients, co-workers, employers,
and cope up with a working environment that are needed in future career
growth.
Kingfisher School of Business and Finance Junior Philippine Institute of

Accountant (KingfisherJPIA)
 Junior Philippine Institute of accountants (2014 to present) – joined as

a member and actively participated on the activities of the organization that
aims to develop and promote students to became well rounded individuals.
 Basic Accounting Wizard (2015) - 3rd Place
 Kingfisher Market Day 2017 - Group Champion. Group member acted as
chief accountant. Task includes preparation of financial statements such as
Statement of Financial Position, Statement of Financial Performance and
Notes to Financial Statements.
 Kingfisher Market Day 2016 – participant
Marketing Plan (Aug to October 2016) – presented the marketing
strategy of Maldita's Gourmet through group reporting and established our
own strategy out of the short-comings of the business to further develop
and promote overall efficiency
OTHER DATA
 Proficient in Microsoft Office (e.g. Excel, Word, PowerPoint

 Has knowledge in basic and advanced accounting procedures
Ma. Elize Kimberly S. Begenio

Don P. Moran Street, Brgy. Estanza, Lingayen, Pangasinan 2400
(+63948) 790-4512 / [email protected]
EDUCATION
2017-present Kingfisher School of Business and Finance

Mac Arthur Highway, Lucao District, Dagupan City, Pangasinan
Bachelor of Science in Management Major in Financial and Management
Accounting
2014-2017 Kingfisher School of Business and Finance

Mac Arthur Highway, Lucao District, Dagupan City, Pangasinan
Dean‟s Lister 1st Semester A.Y. 2014-2015 (1.75/ 1.75GWA)
2010-2014 Domalandan Center Integrated School

Domalandan Center Lingayen, Pangasinan
EXPERIENCE
Alexander A. Aurelio Insurance Agency
 Intern (2018) – Trained how to deal with clients, co-workers,
employers, and cope up with a working environment that are needed
in future career growth.
Kingfisher Junior Philippine Institute of Accountants (Kingfisher

JPIA)
 Member of JPIA( June 2014 to 2017) – Became a member of the

Kingfisher JPIA since 1st and 2nd Semester of Academic Year 2014-2015
up to 2016-2017.
System Analysis and Design: System Proposal in IT 15
 Researcher (September to October 2016) – was assigned to interview
the chosen students who participated in the Market Day about their ways
and technics that they applied in conducting their business.
Entrepreneur Mini-Feasibility
 Researcher (February to March 2015) – Developed and evaluate a
new business venture to make the group feasibility report.
Market Day-Kingfisher Travels the World
 Member (February 2016) – in-charge of developing new products to
be offered in the Market Day that are convenient and affordable to the
customers‟ needs and perspective.
OTHER DATA
 Has working knowledge in electronic BIR filing

Jeruszel Grace D. Carane

223 Pantal West, Dagupan City, Pangasinan 2400
(+63915) 400-3119 / [email protected]
EDUCATION
Mac Arthur Highway, Lucao District, Dagupan City, Pangasinan 2400
Bachelor of Science in Management major in Financial and Management
Accounting

Mac Arthur Highway, Lucao District, Dagupan City, Pangasinan 2400
2009-2013 Francisco Q. Duque Medical Foundation Special Science High

School
Tapuac District, Dagupan City, Pangasinan 2400
EXPERIENCE
PAND Funds Finance Inc.
growth.
Kingfisher Junior Philippine Institute of Accountants (Kingfisher JPIA)

 Member of JPIA (June 2014 to 2018)
Marketing Plan Presentation
 Marketing Plan (October 2016) – Organized the final group presentation
of our business proposal and marketing strategy of The White Hat.
Specific task include the assigning of each members works according to
their specialization and checked whether our report content is consistent
with the right information.
System Analysis and Design: System Proposal in IT 16
 Researcher (September to October 2016) – Responsible for gathering
data, editing and finalizing our paper works to achieve the most efficient
and effective Kingfisher school cleaning system.
Market Day- Kingfisher Travels the World
 Group Production Manager (February 2016) – In-charge of supervising
the production of the products and services of the group.
OTHER DATA
 Has working knowledge in electronic BIR filing
Monique S. Fernandez
5 San Pedro St., Poblacion, Aguilar, Pangasinan
(+63927) 405-3617 / [email protected]
EDUCATION
Dean‟s Lister 1st Semester for A.Y. 2014-2015
2010-2014 Aguilar Catholic School

Romulo Highway, Aguilar, Pangasinan
2nd Honorable Mention
2004-2010 Aguilar Central School

Romulo Highway, Aguilar, Pangasinan
With Honors
EXPERIENCE
AsiaLink Finance Inc.
 Intern (2018) – Trained how to deal with clients, co-workers,
 Junior Philippine Institute of Accountants (2014 to present) – joined
and participated as a member in the activities of the organization that
aims to develop and improve students‟ knowledge and skills in
business and accounting to become competent and well-rounded
individuals.
 Basic Accounting Wizard (2015) – Finalist
 Kingfisher Market Day 2017 – Morden Mezzarap Group won Third
Place. Group member acted as production personnel. Task includes
assisting in the production lifecycle and quickly assessing the staffs
and materials needed for continuous operation.
 Kingfisher Market Day 2016 – Tarasuki Group won Third Place. Group
member acted as sales personnel. Task includes persuading potential
buyers and selling products to other businesses or individual
consumers.
OTHER DATA
 Has exceptional knowledge in Accounting procedures such as
maintaining financial records
Henjie Yvette C. Gabrillo

149 Brgy. Cabilocaan, Calasiao, Pangasinan 2408
(+63909) 034-5547 / [email protected]
EDUCATION
2014-Present Kingfisher School of Business and Finance

1131 MacArthur Highway, Lucao District, Dagupan City, Pangasinan
Dean‟s Lister 1st Semester for A.Y. 2014-2015
2010-2014 Calasiao Comprehensive National High School – Special Science

Program
Calasiao, Pangasinan
With distinction
2004-2010 University of Luzon

Perez Boulevard, Dagupan City, Pangasinan
2nd honorable mention


individuals.
 Basic Accounting Wizard (2015) – Finalist
School Activities
 Kingfisher Market Day 2017 – Do or Dine Group. Acted as a

production and sales personnel. Task includes assisting in the
production cycle the materials needed for the operation and sell
products to the potential customers.
 Kingfisher Market Day 2016 – Lucky Chian Group won Fourth Place.
Acted as sales personnel. Task includes persuading potential buyers
and selling products to other businesses or individual customers.
OTHER DATA
 Has knowledge in Basic and Advanced Accounting

 Has hands on experience in SAP Business One Accounting
Information Systems
Danica L. Garcia
Brgy. Malilion, San Nicolas, Pangasinan 2447
(+63977) 745-6503 / [email protected]
EDUCATION
Dean‟s Lister 2nd Semester for A.Y. 2014-2015
2010-2014 San Nicolas National High School

San Nicolas, Pangisanan
1st Honorable Mention
2004-2010 East Central School

Poblacion East, San Nicolas Pangasinan
3rd Honorable Mention
EXPERIENCE
GM Bank of Luzon, Inc. – Main Branch
 Intern (2017) – Trained how to deal with customers, co-workers,
Principal Scholars’ Association for Learning and Mobilization
 Scholar (2014 to 2018) – Managed the different affairs and activities of
the school‟s scholars and guided them towards goal attainment.

individuals.
Lucky Chian – Market Day 2016 (4th placer)

 Sales Representative (2016) – Talked with the customers and
indorse them the products of the company. This enhances the ability
to build a profitable customer relationship.
OTHER DATA
Kimberly Anne D. Zamora

76 Brgy. San Vicente, Calasiao, Pangasinan 2408
(+63932) 541-1573/ [email protected]
EDUCATION

2010- 2014 Calasiao Comprehensive National High School

Calasiao, Pangasinan
2007- 2010 Banaoang Elementary School

Brgy. Banaoang, Calasiao, Pangasinan
Salutatorian
EXPERIENCE
Editha Soriano Accounting Office
growth.
Kingfisher School of Business and Finance Junior Philippine Institute of

Accountants (Kingfisher- JPIA)
 Member (2014-2015 and 2017-2018) – became a member of Junior Philippine
Institute of Accountants since 1st and 2nd Semester of Academic Year 2014-
2015 and 2017-2018.
 Basic Accounting Wizard (2015) - Participant
Kingfisher School of Business and Finance Market Day 2016 (Kingfisher
Market Day 2016)
 Member (February 2016) – Market Day gives the students the experience on
how a business is managed and the decisions it would face from its day-to-day
operations.
Information Technology 15 (IT 15) System Analysis and Design
 Researcher – aid in the group analysis of the problems identified and in
developing a system that will improve the Enrollment System in Kingfisher
School of Business and Finance.
OTHER DATA


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Kingfisher School of Business and Finance

through multicab or will pick-up by the buyers depending on the agreement.

income for the five-year operation will be (₱208,956.99), ₱428,895.20, ₱1,101,873.95,

the game changer in the markets today.

promoting to this kind of business.

Year 4, and Year 5, respectively (refer to page 76 for the computation).

The business is organized as a general partnership among the proponents since it is

Our mission is to provide and maintain trusted quality native pig.

provides high quality of healthy meat in terms of components and process.

informative advertising that promotes healthy substitute for commercial meat.

to at least 30% less than the total annual sales.

fit for human consumption without endangering its wild counterpart.

For 100 grams. Low in sodium and rich in

Table 1. Different Breeds of Pig

Boar Hut sells live native pig five

months after they were born which weighs 25-

35 kilograms and is also available on

September of the first year of operation to give

way for breeding process of boars. The pigs

that the company sells are free from antibiotic

to be fit for human consumption.

 Versatile and low maintenance kind of swine

Native pig can easily adapt to its surroundings because it is environmentally-versatile

business is getting into.

 High yielding sows

According to Dr. Geraldine Beralde, a Veterinarian II of Department of Agriculture-

offspring‟s death due to obesity in pregnant dam.

 Capability of the management to raise native pig

Corporation so that their knowledge about native pigs will broaden.

 Good location for native pig raising

processing is in Barangay Cabilocaan, Calasiao, Pangasinan wherein it is far from the

 The price of native pig is higher than commercialized pig

 Newly established business

 Available supply of native pig

Omar Mislang because she sells purebred native pigs.

 Increasing demand of meat in the Philippines

using social media sites.

 Same impression of having high cholesterol to commercialized pig

 Possible diseases of swine

 Damages caused by natural calamities

used so that the air can pass through.

 Destructions and losses brought by thieves

maintain peace and order to their respective domain.

people to venture on farming and animal raising.

Livestock are domesticated animals raised in an agricultural setting to produce

3.50% growth rate in the production.

capacity and still seeks investment because of the demand.

gap of 77,397 heads of native pig.

pig is composed of 21 kilograms of meat, 7 kilograms of bone and 2 kilograms of fats.

According to Dr. Geraldine Beralde, Veterinarian II of Department of Agriculture in Sta.

weighs 1.5 kilograms each.

pigs based on the above information is 213,595.

D. Porter’s Five Forces Model

Bargaining Power of Suppliers – MODERATE

the subsequent supply of the native pig is produced by the company.

to prevent stockiness and to raise survival rate.

from the wild.