Potatolicious

Projected Statement of Financial Position

Schedule Pre-operating Year 1 Year 2 Year 3 Year 4 Year 5
Assets
Current Assets
Cash ₱ 446,594.61 ₱ 846,862.05 ₱ 1,325,926.10 ₱ 1,913,813.19 ₱ 2,607,732.86 ₱ 3,434,702.78
Cleaning Supplies 1 ₱ - ₱ 332.78 ₱ 339.43 ₱ 346.22 ₱ 353.15 ₱ 360.21
Office Supplies 2 ₱ - ₱ 40.98 ₱ 41.80 ₱ 42.64 ₱ 43.49 ₱ 44.36
Kitchen Supplies 3 ₱ - ₱ 662.68 ₱ 675.93 ₱ 689.45 ₱ 703.24 ₱ 717.30
Other Supplies 5 ₱ - ₱ 106.69 ₱ 108.82 ₱ 111.00 ₱ 113.22 ₱ 115.48
Materials Inventory 4 ₱ - ₱ 125,173.88 ₱ 206,536.91 ₱ 240,396.44 ₱ 222,830.16 ₱ 149,673.22
Total Current Assets ₱ 446,594.61 ₱ 973,179.06 ₱ 1,533,628.99 ₱ 2,155,398.94 ₱ 2,831,776.11 ₱ 3,585,613.36

Noncurrent Assets
Kitchen Utensils 3 ₱ 9,803.54 ₱ 9,803.54 ₱ 9,803.54 ₱ 9,803.54 ₱ 9,803.54 ₱ 9,803.54
Less: Accum. Depreciation ₱ - ₱ (3,267.85) ₱ (6,535.69) ₱ (9,803.54) ₱ (3,267.85) ₱ (6,535.69)
Furnitures & Fixtures 11 ₱ 7,658.00 ₱ 7,658.00 ₱ 7,658.00 ₱ 7,658.00 ₱ 7,658.00 ₱ 7,658.00
Less: Accum. Depreciation ₱ - ₱ (1,531.60) ₱ (3,063.20) ₱ (4,594.80) ₱ (6,126.40) ₱ (7,658.00)
Equipment 10 ₱ 22,918.00 ₱ 22,918.00 ₱ 22,918.00 ₱ 22,918.00 ₱ 22,918.00 ₱ 22,918.00
Less: Accum. Depreciation ₱ - ₱ (4,583.60) ₱ (9,167.20) ₱ (13,750.80) ₱ (18,334.40) ₱ (22,918.00)
Leasehold Improvement 12 ₱ 13,025.85 ₱ 13,025.85 ₱ 13,025.85 ₱ 13,025.85 ₱ 13,025.85 ₱ 13,025.85
Less: Accum. Depreciation ₱ - ₱ (2,605.17) ₱ (5,210.34) ₱ (7,815.51) ₱ (10,420.68) ₱ (13,025.85)
Total Noncurrent Assets ₱ 53,405.39 ₱ 41,417.17 ₱ 29,428.96 ₱ 17,440.74 ₱ 15,256.06 ₱ 3,267.85

Total Assets ₱ 500,000.00 ₱ 1,014,596.23 ₱ 1,563,057.95 ₱ 2,172,839.68 ₱ 2,847,032.18 ₱ 3,588,881.21

Liabilities
SSS Contribution Payable 19 ₱ - ₱ 4,240.00 ₱ 4,240.00 ₱ 4,240.00 ₱ 4,240.00 ₱ 4,240.00
PHIL Contribution Payable 19 ₱ - ₱ 1,102.20 ₱ 1,102.20 ₱ 1,102.20 ₱ 1,102.20 ₱ 1,102.20
PAG-IBIG Contribution Payable 19 ₱ - ₱ 1,000.00 ₱ 1,000.00 ₱ 1,000.00 ₱ 1,000.00 ₱ 1,000.00
VAT Payable 17 ₱ - ₱ 18,240.44 ₱ 19,502.05 ₱ 20,837.16 ₱ 22,249.76 ₱ 23,744.04
Total Liabilities ₱ - ₱ 24,582.64 ₱ 25,844.25 ₱ 27,179.36 ₱ 28,591.96 ₱ 30,086.24

Owner's Equity
Owner's Equity ₱ 500,000.00 ₱ 990,013.60 ₱ 1,537,213.70 ₱ 2,145,660.32 ₱ 2,818,440.22 ₱ 3,558,794.96
Total Owner's Equity ₱ 500,000.00 ₱ 990,013.60 ₱ 1,537,213.70 ₱ 2,145,660.32 ₱ 2,818,440.22 ₱ 3,558,794.96

Total Liabilities and Equity ₱ 500,000.00 ₱ 1,014,596.23 ₱ 1,563,057.95 ₱ 2,172,839.68 ₱ 2,847,032.18 ₱ 3,588,881.21
 Potatolicious
Projected Statement of Comprehensive Income
Schedule Year 1 Year 2 Year 3 Year 4 Year 5
Sales
Sales 15 ₱ 3,560,570.83 ₱ 3,738,599.37 ₱ 3,925,529.34 ₱ 4,121,805.81 ₱ 4,327,896.10
Total sales ₱ 3,560,570.83 ₱ 3,738,599.37 ₱ 3,925,529.34 ₱ 4,121,805.81 ₱ 4,327,896.10

Cost of sales
Cost of sales 16 ₱ 2,378,303.77 ₱ 2,497,218.96 ₱ 2,622,079.90 ₱ 2,753,183.90 ₱ 2,890,843.10
Total cost of sales ₱ 2,378,303.77 ₱ 2,497,218.96 ₱ 2,622,079.90 ₱ 2,753,183.90 ₱ 2,890,843.10

Gross profit ₱ 1,182,267.06 ₱ 1,241,380.41 ₱ 1,303,449.43 ₱ 1,368,621.91 ₱ 1,437,053.00

Expenses
Cleaning supplies expense 1 ₱ 6,322.77 ₱ 6,782.00 ₱ 6,917.64 ₱ 7,055.99 ₱ 7,197.11
Office supplies expense 2 ₱ 778.66 ₱ 835.22 ₱ 851.92 ₱ 868.96 ₱ 886.34
Kitchen supplies Expense 3 ₱ 12,590.89 ₱ 13,505.39 ₱ 13,775.50 ₱ 14,051.01 ₱ 14,332.03
Other supplies expense 5 ₱ 2,027.06 ₱ 2,174.29 ₱ 2,217.78 ₱ 2,262.13 ₱ 2,307.38
Rent expense 6 ₱ 132,000.00 ₱ 132,000.00 ₱ 132,000.00 ₱ 132,000.00 ₱ 132,000.00
Salaries expense 18 ₱ 508,895.20 ₱ 508,895.20 ₱ 508,895.20 ₱ 508,895.20 ₱ 508,895.20
Permits and liscense 14 ₱ 1,740.00 ₱ 1,757.40 ₱ 1,774.97 ₱ 1,792.72 ₱ 1,810.65
Depreciation expense 13 ₱ 11,988.22 ₱ 11,988.22 ₱ 11,988.22 ₱ 11,988.22 ₱ 11,988.22
Utilities expense 9 ₱ 14,538.24 ₱ 14,829.00 ₱ 15,125.58 ₱ 15,428.10 ₱ 15,736.66
Repair and maintenance expense 8 ₱ 1,372.42 ₱ 1,413.59 ₱ 1,456.00 ₱ 1,499.68 ₱ 1,544.67
Total expenses ₱ 692,253.46 ₱ 694,180.31 ₱ 695,002.81 ₱ 695,842.01 ₱ 696,698.25

Net Income ₱ 490,013.60 ₱ 547,200.10 ₱ 608,446.62 ₱ 672,779.89 ₱ 740,354.75

 Potatolicious
Projected Statement of Changes in Owner's Equity
Pre-Operating Year 1 Year 2 Year 3 Year 4 Year 5
Beginning Owners Equity ₱ - ₱ 500,000.00 ₱ 990,013.60 ₱ 1,537,213.70 ₱ 2,145,660.32 ₱ 2,818,440.22
Add:
Net Income (Loss) ₱ - ₱ 490,013.60 ₱ 547,200.10 ₱ 608,446.62 ₱ 672,779.89 ₱ 740,354.75
Owner's Investment ₱ 500,000.00 ₱ - ₱ - ₱ - ₱ - ₱ -
Less:
Owner's Withdrawal ₱ - ₱ - ₱ - ₱ - ₱ -
Ending Owner's Equity ₱ 500,000.00 ₱ 990,013.60 ₱ 1,537,213.70 ₱ 2,145,660.32 ₱ 2,818,440.22 ₱ 3,558,794.96
 Potatolicious
Projected Statement of Cash Flow
Schedule Pre-Operating Year 1 Year 2 Year 3 Year 4 Year 5
Cash flow from operating activities

Cash inflows
Receipts from sales 15 ₱ - ₱ 3,987,839.33 ₱ 4,187,231.29 ₱ 4,396,592.86 ₱ 4,616,422.50 ₱ 4,847,243.63
Total Cash Inflow ₱ - ₱ 3,987,839.33 ₱ 4,187,231.29 ₱ 4,396,592.86 ₱ 4,616,422.50 ₱ 4,847,243.63

Cash Outflows
Cash Purchase of cleaning supplies 1 ₱ - ₱ 7,454.21 ₱ 7,603.29 ₱ 7,755.36 ₱ 7,910.47 ₱ 8,068.68
Cash Purchase of office supplies 2 ₱ - ₱ 918.00 ₱ 936.36 ₱ 955.09 ₱ 974.19 ₱ 993.67
Cash Purchase of kitchen supplies 3 ₱ - ₱ 14,844.00 ₱ 15,140.88 ₱ 15,443.70 ₱ 15,752.57 ₱ 16,067.62
Cash Purchase of other supplies 5 ₱ - ₱ 2,389.80 ₱ 2,437.60 ₱ 2,486.35 ₱ 2,536.07 ₱ 2,586.80
Cash Purchase of Raw Materials 4 ₱ - ₱ 2,709,117.42 ₱ 2,790,390.94 ₱ 2,874,102.67 ₱ 2,960,325.75 ₱ 3,049,135.52
Payment on Rent 6 ₱ - ₱ 132,000.00 ₱ 132,000.00 ₱ 132,000.00 ₱ 132,000.00 ₱ 132,000.00
Payment on Salaries 18 ₱ - ₱ 432,788.80 ₱ 432,788.80 ₱ 432,788.80 ₱ 432,788.80 ₱ 432,788.80
Payment of SSS contribution 19 ₱ - ₱ 46,640.00 ₱ 50,880.00 ₱ 50,880.00 ₱ 50,880.00 ₱ 50,880.00
Payment on PHIL contribution 19 ₱ - ₱ 12,124.20 ₱ 13,226.40 ₱ 13,226.40 ₱ 13,226.40 ₱ 13,226.40
Payment on PAG-IBIG contribution 19 ₱ - ₱ 11,000.00 ₱ 12,000.00 ₱ 12,000.00 ₱ 12,000.00 ₱ 12,000.00
Payment Liscense and Permits 14 ₱ - ₱ 1,740.00 ₱ 1,757.40 ₱ 1,774.97 ₱ 1,792.72 ₱ 1,810.65
Payment Repairs and Maintenance 8 ₱ - ₱ 1,372.42 ₱ 1,413.59 ₱ 1,456.00 ₱ 1,499.68 ₱ 1,544.67
Payment Utilities expense 9 ₱ - ₱ 14,538.24 ₱ 14,829.00 ₱ 15,125.58 ₱ 15,428.10 ₱ 15,736.66
Payment VAT 17 ₱ - ₱ 200,644.79 ₱ 232,762.98 ₱ 248,710.84 ₱ 265,584.54 ₱ 283,434.22
Total Cash Outflow ₱ - ₱ 3,587,571.89 ₱ 3,708,167.25 ₱ 3,808,705.76 ₱ 3,912,699.30 ₱ 4,020,273.70

Cash from Operating Activities ₱ - ₱ 400,267.44 ₱ 479,064.04 ₱ 587,887.10 ₱ 703,723.20 ₱ 826,969.93

Cash flow from Investing Activities

Cash Inflow ₱ - ₱ - ₱ - ₱ - ₱ - ₱ -
Total Cash Inflow ₱ - ₱ - ₱ - ₱ - ₱ - ₱ -

Cash Outflow
Renovation of the Building 12 ₱ 13,025.85 ₱ - ₱ - ₱ - ₱ - ₱ -
Purchase of Kitchen Utensils 7 ₱ 9,803.54 ₱ - ₱ - ₱ - ₱ 9,803.54 ₱ -
Purchase of Equipment 10 ₱ 22,918.00 ₱ - ₱ - ₱ - ₱ - ₱ -
Purchase of Furnitures and Fixtures 11 ₱ 7,658.00 ₱ - ₱ - ₱ - ₱ - ₱ -
Total Cash Outflow ₱ 53,405.39 ₱ - ₱ - ₱ - ₱ 9,803.54 ₱ -

Cash from Investing Activities ₱ (53,405.39) ₱ - ₱ - ₱ - ₱ (9,803.54) ₱ -

Cash flow from Financing Activities

Cash Inflow
Cash ivested by the Owner ₱ 500,000.00 ₱ - ₱ - ₱ - ₱ - ₱ -
Total Cash Inflow ₱ 500,000.00 ₱ - ₱ - ₱ - ₱ - ₱ -

Cash Outflow
Cash Withdrawn by the Owner ₱ - ₱ - ₱ - ₱ - ₱ - ₱ -
Total Cash Outflow ₱ - ₱ - ₱ - ₱ - ₱ - ₱ -

Cash from Financing Activities ₱ 500,000.00 ₱ - ₱ - ₱ - ₱ - ₱ -

Net Cash ₱ 446,594.61 ₱ 400,267.44 ₱ 479,064.04 ₱ 587,887.10 ₱ 693,919.66 ₱ 826,969.93

Cash at the beginning of the period ₱ - ₱ 446,594.61 ₱ 846,862.05 ₱ 1,325,926.10 ₱ 1,913,813.19 ₱ 2,607,732.86
Cash at the End of the period ₱ 446,594.61 ₱ 846,862.05 ₱ 1,325,926.10 ₱ 1,913,813.19 ₱ 2,607,732.86 ₱ 3,434,702.78
PAYBACK PERIOD

Year 1 Year 2 Year 3 Year 4 Year 5

Cash Flow from Operation ₱ 400,267.44 ₱ 479,064.04 ₱ 587,887.10 ₱ 703,723.20 ₱ 826,969.93

Net Annual Cash

Cash to Date Payback Period
Flows
Year 1 ₱ 400,267.44 ₱ 400,267.44 1
Year 2 ₱ 479,064.04 ₱ 500,000.00 0.21
Year 3 ₱ 587,887.10
Year 4 ₱ 703,723.20
Year 5 ₱ 826,969.93
1.21

*It will takes approximately 1 year to recover the investment

FINANCIAL STATEMENT ANALYSIS

Formula Year 1 Year 2 Year 3 Year 4 Year 5

Net Income 490,013.60 547,200.10 608,446.62 672,779.89 740,354.75
Return on sales = =
Net sales 3,560,570.83 3,738,599.37 3,925,529.34 4,121,805.81 4,327,896.10

= 14% 15% 15% 16% 17%

Net Income 490,013.60 547,200.10 608,446.62 672,779.89 740,354.75

Return on Investment = =
Average total assets 757,298.12 1,288,827.09 1,867,948.82 2,509,935.93 3,217,956.69

= 65% 42% 33% 27% 23%

Net Income 490,013.60 547,200.10 608,446.62 672,779.89 740,354.75

Return on Equity = =
Average Owner's Equity 745,006.80 1,263,613.65 1,841,437.01 2,482,050.27 3,188,617.59

= 66% 43% 33% 27% 23%

Net Sales 3,560,570.83 3,738,599.37 3,925,529.34 4,121,805.81 4,327,896.10

Assets turnover = =
Average total Assets 757,298.12 1,288,827.09 1,867,948.82 2,509,935.93 3,217,956.69

= 4.70 2.90 2.10 1.64 1.34

Current Assets 973,179.06 1,533,628.99 2,155,398.94 2,831,776.11 3,585,613.36

Current Ratio = =
Current Liabilities 24,582.64 25,844.25 27,179.36 28,591.96 30,086.24

= 3959% 5934% 7930% 9904% 11918%

Schedule 15
SALES

Items Units sold per year Quantity Price per unit Year 1 Year 2 Year 3 Year 4 Year 5
POTATO BALLS:
w/ mix vegetables and cheese 55621 3pcs ₱ 20.00 ₱ 1,112,423.42 ₱ 1,168,044.60 ₱ 1,226,446.82 ₱ 1,287,769.17 ₱ 1,352,157.62
w/ onion rings, ground beef, and cheese 32280 3pcs ₱ 20.00 ₱ 645,602.88 ₱ 677,883.02 ₱ 711,777.18 ₱ 747,366.03 ₱ 784,734.34
w/ hotdog and cheese 19368 3pcs ₱ 20.00 ₱ 387,361.73 ₱ 406,729.81 ₱ 427,066.31 ₱ 448,419.62 ₱ 470,840.60
w/ ground meat and cheese 27811 3pcs ₱ 20.00 ₱ 556,211.71 ₱ 584,022.30 ₱ 613,223.41 ₱ 643,884.58 ₱ 676,078.81
DRINKS: ₱ - ₱ - ₱ - ₱ - ₱ -
Lemonade 82935 1cup ₱ 10.00 ₱ 829,351.39 ₱ 870,818.96 ₱ 914,359.91 ₱ 960,077.91 ₱ 1,008,081.80
Four season 45689 1cup ₱ 10.00 ₱ 456,888.19 ₱ 479,732.60 ₱ 503,719.23 ₱ 528,905.19 ₱ 555,350.45
Total Sales (inclusive of VAT ₱ 3,987,839.33 ₱ 4,187,231.29 ₱ 4,396,592.86 ₱ 4,616,422.50 ₱ 4,847,243.63
Output VAT* ₱ 427,268.50 ₱ 448,631.92 ₱ 471,063.52 ₱ 494,616.70 ₱ 519,347.53
Total sales (exclusiveof VAT) ₱ 3,560,570.83 ₱ 3,738,599.37 ₱ 3,925,529.34 ₱ 4,121,805.81 ₱ 4,327,896.10

*The entity `is subject to VAT since the sales exceeds P 3,000,000.00 VAT threshold.

Assumption:
Sales increase 5% every year

Computation of sales

# of population 325
Those who will patrionized 289 89%

Frequency of buying snacks

# of respondents # of people who will

Items Once a day Twice a day Trice a day
usually buy the items buy in potatolicious

36% 43% 19%

POTATO BALLS:
w/ mix vegetables and cheese 112 100 36 43 19
w/ onion rings, ground beef, and cheese 65 58 21 25 11
w/ hotdog and cheese 39 35 12 15 7
w/ ground meat and cheese 56 50 18 21 9
DRINKS:
Lemonade 167 149 53 64 28
Four season 92 82 29 35 16

Frequency of buying snacks

Items Once a day Twice a day Trice a day
Units sold per year
312 624 936
POTATO BALLS:
w/ mix vegetables and cheese 11186 26723 17712 55621
w/ onion rings, ground beef, and cheese 6492 15509 10279 32280
w/ hotdog and cheese 3895 9305 6167 19368
w/ ground meat and cheese 5593 13362 8856 27811
DRINKS:
Lemonade 16680 39846 26410 82935
Four season 9189 21951 14549 45689
Schedule 14
PERMITS AND LICENSES

ITEMS Year 1 Year 2 Year 3 Year 4 Year 5

Brgy. Clearance ₱ 50.00 ₱ 50.50 ₱ 51.01 ₱ 51.52 ₱ 52.03
Sanitary Permit ₱ 120.00 ₱ 121.20 ₱ 122.41 ₱ 123.64 ₱ 124.87
Mayor's permit ₱ 200.00 ₱ 202.00 ₱ 204.02 ₱ 206.06 ₱ 208.12
Business permit ₱ 350.00 ₱ 353.50 ₱ 357.04 ₱ 360.61 ₱ 364.21
Registration fee-BIR ₱ 500.00 ₱ 505.00 ₱ 510.05 ₱ 515.15 ₱ 520.30
Documentary stamp ₱ 20.00 ₱ 20.20 ₱ 20.40 ₱ 20.61 ₱ 20.81
Registration fee-DTI ₱ 500.00 ₱ 505.00 ₱ 510.05 ₱ 515.15 ₱ 520.30
Total ₱ 1,740.00 ₱ 1,757.40 ₱ 1,774.97 ₱ 1,792.72 ₱ 1,810.65
ASSUMPTION:
*Permits and Liscenses will increase 1% every yr
Schedule 16
COST OF GOODS SOLD

ITEMS Year 1 Year 2 Year 3 Year 4 Year 5

Potato Balls ₱ 1,635,014.12 ₱ 1,716,764.83 ₱ 1,802,603.07 ₱ 1,892,733.23 ₱ 1,987,369.89
Drinks ₱ 743,289.64 ₱ 780,454.13 ₱ 819,476.83 ₱ 860,450.67 ₱ 903,473.21
Total COGS ₱ 2,378,303.77 ₱ 2,497,218.96 ₱ 2,622,079.90 ₱ 2,753,183.90 ₱ 2,890,843.10
Schedule 16.1
POTATO BALLS:
Items Year 1 Year 2 Year 3 Year 4 Year 5
POTATO BALLS:
w/ mix vegetables and cheese ₱ 628,717.88 ₱ 660,153.78 ₱ 693,161.46 ₱ 727,819.54 ₱ 764,210.51
w/ onion rings, ground beef, and cheese ₱ 438,664.10 ₱ 460,597.30 ₱ 483,627.17 ₱ 507,808.53 ₱ 533,198.95
w/ hotdog and cheese ₱ 223,078.85 ₱ 234,232.79 ₱ 245,944.43 ₱ 258,241.66 ₱ 271,153.74
w/ ground meat and cheese ₱ 344,553.29 ₱ 361,780.96 ₱ 379,870.00 ₱ 398,863.50 ₱ 418,806.68
TOTAL ₱ 1,635,014.12 ₱ 1,716,764.83 ₱ 1,802,603.07 ₱ 1,892,733.23 ₱ 1,987,369.89

ASSUMPTION
*Cost of sales will increase 5% every year

W/ vegetables
Budgeted price for 75 balls
Ingredients price per balls
Price Quantity Units Total
Potatoes ₱ 60.00 1.5 kg ₱ 90.00 ₱ 1.20 *There are 3 balls per serve or per unit
Bread Crumbs ₱ 91.07 0.25 kg ₱ 22.77 ₱ 0.30
Mix Vegetables ₱ 35.71 1 kg ₱ 35.71 ₱ 0.48
Oil ₱ 37.95 0.5 liters ₱ 18.97 ₱ 0.25
Flour ₱ 44.64 0.5 kg ₱ 22.32 ₱ 0.30
Cheddar Cheese ₱ 37.50 0.5 kg ₱ 18.75 ₱ 0.25
Onion ₱ 5.00 1 pc. ₱ 5.00 ₱ 0.07
Garlic ₱ 5.00 1 pc. ₱ 5.00 ₱ 0.07
Magic Sarap ₱ 5.36 2 pcs. ₱ 10.71 ₱ 0.14
Quick melt ₱ 303.57 0.05 kg ₱ 15.18 ₱ 0.20
Paper Tray ₱ 24.11 1 set ₱ 24.11 ₱ 0.32
Food stick ₱ 13.39 1 set ₱ 13.39 ₱ 0.18
Salt ₱ 0.67 1 sachet ₱ 0.67 ₱ 0.01
Total ₱ 663.97 ₱ 282.59 ₱ 3.77
# of balls per serve 3
cost per serve ₱ 11.30
# of serving in a year 55,621
Cost per year ₱ 628,717.88

W/ meat
Budgeted price for 75 balls
Ingredients price per balls
Price Quantity Units Total
Potatoes ₱ 60.00 1.5 kg ₱ 90.00 ₱ 1.20
Bread Crumbs ₱ 91.07 0.25 kg ₱ 22.77 ₱ 0.30 *There are 3 balls per serve or per unit
Meat ₱ 180.00 0.25 kg ₱ 45.00 ₱ 0.60
Oil ₱ 37.95 0.5 liters ₱ 18.97 ₱ 0.25
Flour ₱ 44.64 0.5 kg ₱ 22.32 ₱ 0.30
Mix vege ₱ 35.71 0.5 kg ₱ 17.86 ₱ 0.24
Cheddar Cheese ₱ 37.50 0.5 kg ₱ 18.75 ₱ 0.25
Onion ₱ 5.00 1 pc. ₱ 5.00 ₱ 0.07
Garlic ₱ 5.00 1 pc. ₱ 5.00 ₱ 0.07
Magic Sarap ₱ 5.36 2 pcs. ₱ 10.71 ₱ 0.14
Quick melt ₱ 303.57 0.05 kg ₱ 15.18 ₱ 0.20
Paper Tray ₱ 24.11 1 set ₱ 24.11 ₱ 0.32
Food stick ₱ 13.39 1 set ₱ 13.39 ₱ 0.18
Salt ₱ 0.67 1 sachet ₱ 0.67 ₱ 0.01
Total ₱ 843.97 ₱ 309.73 ₱ 4.13
# of balls per serve 3
cost per serve ₱ 12.39
# of serving in a year 27811
Cost per year ₱ 344,553.29

W/ hotdog
Budgeted price for 75 balls
Ingredients price per balls
Price Quantity Units Total
Potatoes ₱ 60.00 1.5 kg ₱ 90.00 ₱ 1.20
Bread Crumbs ₱ 91.07 0.25 kg ₱ 22.77 ₱ 0.30 *There are 3 balls per serve or per unit
Hotdog ₱ 23.21 1 pack ₱ 23.21 ₱ 0.31
Oil ₱ 37.95 0.5 liters ₱ 18.97 ₱ 0.25
Mix vege ₱ 35.71 0.5 kg ₱ 17.86 ₱ 0.24
Flour ₱ 44.64 0.5 kg ₱ 22.32 ₱ 0.30
Cheddar Cheese ₱ 37.50 0.5 kg ₱ 18.75 ₱ 0.25
Onion ₱ 5.00 1 pc. ₱ 5.00 ₱ 0.07
Garlic ₱ 5.00 1 pc. ₱ 5.00 ₱ 0.07
Magic Sarap ₱ 5.36 2 pcs. ₱ 10.71 ₱ 0.14
Quick melt ₱ 303.57 0.05 kg ₱ 15.18 ₱ 0.20
Paper Tray ₱ 24.11 1 set ₱ 24.11 ₱ 0.32
Food stick ₱ 13.39 1 set ₱ 13.39 ₱ 0.18
Salt ₱ 0.67 1 sachet ₱ 0.67 ₱ 0.01
Total ₱ 687.19 ₱ 287.95 ₱ 3.84
# of balls per serve 3
cost per serve ₱ 11.52
# of serving in a year 19368
Cost per year ₱ 223,078.85

W/ beef
Budgeted price for 75 balls
Ingredients price per balls
Price Quantity Units Total
Potatoes ₱ 60.00 1.5 kg ₱ 90.00 ₱ 1.20
Bread Crumbs ₱ 91.07 0.25 kg ₱ 22.77 ₱ 0.30 *There are 3 balls per serve or per unit
Beef ₱ 100.00 0.75 kg ₱ 75.00 ₱ 1.00
Oil ₱ 37.95 0.5 liters ₱ 18.97 ₱ 0.25
Mix vege ₱ 35.71 0.5 kg ₱ 17.86 ₱ 0.24
Flour ₱ 44.64 0.5 kg ₱ 22.32 ₱ 0.30
Cheddar Cheese ₱ 37.50 0.5 kg ₱ 18.75 ₱ 0.25
Onion ₱ 5.00 1 pc. ₱ 5.00 ₱ 0.07
Garlic ₱ 5.00 1 pc. ₱ 5.00 ₱ 0.07
Magic Sarap ₱ 5.36 2 pcs. ₱ 10.71 ₱ 0.14
Quick melt ₱ 303.57 0.05 kg ₱ 15.18 ₱ 0.20
Paper Tray ₱ 24.11 1 set ₱ 24.11 ₱ 0.32
Food stick ₱ 13.39 1 set ₱ 13.39 ₱ 0.18
Salt ₱ 0.67 1 sachet ₱ 0.67 ₱ 0.01
Total ₱ 763.97 ₱ 339.73 ₱ 4.53
# of balls per serve 3
cost per serve ₱ 13.59
# of serving in a year 32280
Cost per year ₱ 438,664.10
Schedule 16.2
DRINKS
Items Year 1 Year 2 Year 3 Year 4 Year 5
DRINKS
Lemonade ₱ 469,085.78 ₱ 492,540.07 ₱ 517,167.08 ₱ 543,025.43 ₱ 570,176.70
Four season ₱ 274,203.86 ₱ 287,914.05 ₱ 302,309.76 ₱ 317,425.24 ₱ 333,296.51
TOTAL ₱ 743,289.64 ₱ 780,454.13 ₱ 819,476.83 ₱ 860,450.67 ₱ 903,473.21

ASSUMPTION
*Cost of sales increase by 5% every year

Lemonade
Budgeted price for 46 cups
Ingredients price per cup
Price Quantity Units Total
Calamansi ₱ 70.00 0.5 kg ₱ 35.00 ₱ 0.76
Water ₱ 1.07 11 liters ₱ 11.79 ₱ 0.26
Disposable cups ₱ 50.00 1 set ₱ 50.00 ₱ 1.09
Juice ₱ 16.07 8 pcs ₱ 128.57 ₱ 2.80
Ice ₱ 1.79 10 pcs ₱ 17.86 ₱ 0.39
White Sugar ₱ 67.86 0.25 kg ₱ 16.96 ₱ 0.37
Total 206.79 30.75 260.18 ₱ 5.66
# of serving per yr 82935
Cost per Year ₱ 469,085.78

Four season
Budgeted price for 46 cups
Ingredients price per cup
Price Quantity Units Total
Apple ₱ 8.93 3 pcs ₱ 26.79 ₱ 0.58
Water Melon ₱ 80.36 0.5 kg ₱ 40.18 ₱ 0.87
Water ₱ 1.07 11 liters ₱ 11.79 ₱ 0.26
Disposable Cups ₱ 50.00 1 set ₱ 50.00 ₱ 1.09
Juice ₱ 16.07 7 pcs ₱ 112.50 ₱ 2.45
White Sugar ₱ 67.86 0.25 kg ₱ 16.96 ₱ 0.37
Ice ₱ 1.79 10 pcs ₱ 17.86 ₱ 0.39
Total ₱ 226.07 32.75 ₱ 276.07 ₱ 6.00
# of serving per yr 45689
Cost per Year ₱ 274,203.86
Schedule 17
Year 1 Year 2 Year 3 Year 4 Year 5
Output VAT
Sales ₱ 427,268.50 ₱ 448,631.92 ₱ 471,063.52 ₱ 494,616.70 ₱ 519,347.53
Total Output VAT ₱ 427,268.50 ₱ 448,631.92 ₱ 471,063.52 ₱ 494,616.70 ₱ 519,347.53
Input VAT
Cleaning Supplies ₱ 798.67 ₱ 814.64 ₱ 830.93 ₱ 847.55 ₱ 864.50
Office Supplies ₱ 98.36 ₱ 100.32 ₱ 102.33 ₱ 104.38 ₱ 106.46
Kitchen Supplies ₱ 1,590.43 ₱ 1,622.24 ₱ 1,654.68 ₱ 1,687.78 ₱ 1,721.53
Other Supplies ₱ 256.05 ₱ 261.17 ₱ 266.39 ₱ 271.72 ₱ 277.16
Raw Material ₱ 205,639.77 ₱ 211,808.96 ₱ 218,163.23 ₱ 224,708.13 ₱ 231,449.37
Total Input VAT ₱ 208,383.27 ₱ 214,607.33 ₱ 221,017.57 ₱ 227,619.55 ₱ 234,419.03

VAT ₱ 218,885.23 ₱ 234,024.59 ₱ 250,045.95 ₱ 266,997.14 ₱ 284,928.51

**The entity is subject to VAT since the Sales exceed to P 3,000,000 threshold.

PAYMENT
Year 1 Year 2 Year 3 Year 4 Year 5
Year 1 ₱ 200,644.79 ₱ 18,240.44
Year 2 ₱ 214,522.54 ₱ 19,502.05
Year 3 ₱ 229,208.79 ₱ 20,837.16
Year 4 ₱ 244,747.38 ₱ 22,249.76
Year 5 ₱ 261,184.46
Total ₱ 200,644.79 ₱ 232,762.98 ₱ 248,710.84 ₱ 265,584.54 ₱ 283,434.22

VAT Payable ₱ 18,240.44 ₱ 19,502.05 ₱ 20,837.16 ₱ 22,249.76 ₱ 23,744.04

 PRODUCT INGREDIENTS QUANTITY UNIT UNIT SOLD # OF UNITS PER PREPERATION RM used in units RM purchase in units
POTATO BALLS:
w/ mix vegetables and cheese Potatoes 1.5 kg 55621 25 3337 3513
w/ mix vegetables and cheese Bread Crumbs 0.25 kg 55621 25 556 585
w/ mix vegetables and cheese Mix Vegetables 1 kg 55621 25 2225 2342
w/ mix vegetables and cheese Oil 0.5 liters 55621 25 1112 1171
w/ mix vegetables and cheese Flour 0.5 kg 55621 25 1112 1171
w/ mix vegetables and cheese Cheddar Cheese 0.5 kg 55621 25 1112 1171
w/ mix vegetables and cheese Onion 1 pc. 55621 25 2225 2342
w/ mix vegetables and cheese Garlic 1 pc. 55621 25 2225 2342
w/ mix vegetables and cheese Magic Sarap 2 pcs. 55621 25 4450 4684
w/ mix vegetables and cheese Quick melt 0.05 kg 55621 25 111 117
w/ mix vegetables and cheese Paper Tray 1 set 55621 25 2225 2342
w/ mix vegetables and cheese Food stick 1 set 55621 25 2225 2342
w/ mix vegetables and cheese Salt 1 sachet 55621 25 2225 2342
w/ onion rings, ground beef, and cheese Potatoes 1.5 kg 32280 25 1937 2039
w/ onion rings, ground beef, and cheese Bread Crumbs 0.25 kg 32280 25 323 340
w/ onion rings, ground beef, and cheese Beef 0.75 kg 32280 25 968 1019
w/ onion rings, ground beef, and cheese Oil 0.5 liters 32280 25 646 680
w/ onion rings, ground beef, and cheese Mix vege 0.5 kg 32280 25 646 680
w/ onion rings, ground beef, and cheese Flour 0.5 kg 32280 25 646 680
w/ onion rings, ground beef, and cheese Cheddar Cheese 0.5 kg 32280 25 646 680
w/ onion rings, ground beef, and cheese Onion 1 pc. 32280 25 1291 1359
w/ onion rings, ground beef, and cheese Garlic 1 pc. 32280 25 1291 1359
w/ onion rings, ground beef, and cheese Magic Sarap 2 pcs. 32280 25 2582 2718
w/ onion rings, ground beef, and cheese Quick melt 0.05 kg 32280 25 65 68
w/ onion rings, ground beef, and cheese Paper Tray 1 set 32280 25 1291 1359
w/ onion rings, ground beef, and cheese Food stick 1 set 32280 25 1291 1359
w/ onion rings, ground beef, and cheese Salt 1 sachet 32280 25 1291 1359
w/ hotdog and cheese Potatoes 1.5 kg 19368 25 1162 1223
w/ hotdog and cheese Bread Crumbs 0.25 kg 19368 25 194 204
w/ hotdog and cheese Hotdog 1 pack 19368 25 775 815
w/ hotdog and cheese Oil 0.5 liters 19368 25 387 408
w/ hotdog and cheese Mix vege 0.5 kg 19368 25 387 408
w/ hotdog and cheese Flour 0.5 kg 19368 25 387 408
w/ hotdog and cheese Cheddar Cheese 0.5 kg 19368 25 387 408
w/ hotdog and cheese Onion 1 pc. 19368 25 775 815
w/ hotdog and cheese Garlic 1 pc. 19368 25 775 815
w/ hotdog and cheese Magic Sarap 2 pcs. 19368 25 1549 1631
w/ hotdog and cheese Quick melt 0.05 kg 19368 25 39 41
w/ hotdog and cheese Paper Tray 1 set 19368 25 775 815
w/ hotdog and cheese Food stick 1 set 19368 25 775 815
w/ hotdog and cheese Salt 1 sachet 19368 25 775 815
w/ ground meat and cheese Potatoes 1.5 kg 27811 25 1669 1756
w/ ground meat and cheese Bread Crumbs 0.25 kg 27811 25 278 293
w/ ground meat and cheese Meat 0.25 kg 27811 25 278 293
w/ ground meat and cheese Oil 0.5 liters 27811 25 556 585
w/ ground meat and cheese Flour 0.5 kg 27811 25 556 585
w/ ground meat and cheese Mix vege 0.5 kg 27811 25 556 585
w/ ground meat and cheese Cheddar Cheese 0.5 kg 27811 25 556 585
w/ ground meat and cheese Onion 1 pc. 27811 25 1112 1171
w/ ground meat and cheese Garlic 1 pc. 27811 25 1112 1171
w/ ground meat and cheese Magic Sarap 2 pcs. 27811 25 2225 2342
w/ ground meat and cheese Quick melt 0.05 kg 27811 25 56 59
w/ ground meat and cheese Paper Tray 1 set 27811 25 1112 1171
w/ ground meat and cheese Food stick 1 set 27811 25 1112 1171
w/ ground meat and cheese Salt 1 sachet 27811 25 1112 1171
Lemonade Calamansi 0.5 kg 82935 46 901 949
Lemonade Water 11 liters 82935 46 19832 20876
Lemonade Disposable cups 1 set 82935 46 1803 1898
Lemonade Juice 8 pcs 82935 46 14424 15183
Lemonade Ice 10 pcs 82935 46 18029 18978
Lemonade White Sugar 0.25 kg 82935 46 451 474
Four season Apple 3 pcs 45689 46 2980 3137
Four season Water Melon 0.5 kg 45689 46 497 523
Four season Water 11 liters 45689 46 10926 11501
Four season Disposable Cups 1 set 45689 46 993 1046
Four season Juice 7 pcs 45689 46 6953 7319
Four season White Sugar 0.25 kg 45689 46 248 261
Four season Ice 10 pcs 45689 46 9932 10455

*Assume that only 95% of the total puchases was put into production

INGREDIENTS SUM OF RM USED in units SUM OF RM PURCHASES in units

Potatoes 8105 8531
Bread Crumbs 1351 1422
Oil 2702 2844
Flour 2702 2844
Cheddar Cheese 2702 2844
Onion 5403 5688
Garlic 5403 5688
Magic Sarap 10806 11375
Quick melt 270 284
Paper Tray 5403 5688
Food stick 5403 5688
Salt 5403 5688
Mix Vege 3814 4015
Meat 278 293
Hotdog 775 815
Beef 968 1019
Calamansi 901 949
Water 30758 32377
Disposable cups 2796 2943
Juice 21376 22501
Ice 27962 29433
White Sugar 699 736
Apple 2980 3137
Water Melon 497 523
Schedule 4
RAW MATERIAL INVENTORY
UNIT PRICE UNIT PRICE TOTAL COST TOTAL COST
PRICE OF VAT TOTAL COST OF
INGREDIENTS QUANTITY UNITS INCLUSIVE OF EXCLUSIVE OF INCLUSIVE OF INPUT VAT EXCLUSIVE OF
EXEMPT VAT EXEMPT
VAT VAT VAT VAT
Potatoes 8531 kg ₱ - ₱ 60.00 ₱ - ₱ - ₱ 511,882.06
Bread Crumbs 1422 kg ₱ 102.00 ₱ 91.07 ₱ 145,033.25 ₱ 15,539.28 ₱ 129,493.97
Oil 2844 liters ₱ 42.50 ₱ 37.95 ₱ 120,861.04 ₱ 12,949.40 ₱ 107,911.64
Flour 2844 kg ₱ 50.00 ₱ 44.64 ₱ 142,189.46 ₱ 15,234.59 ₱ 126,954.88
Cheddar Cheese 2844 kg ₱ 42.00 ₱ 37.50 ₱ 119,439.15 ₱ 12,797.05 ₱ 106,642.10
Onion 5688 pcs ₱ - ₱ - ₱ 5.00 ₱ - ₱ - ₱ - ₱ 28,437.89
Garlic 5688 pcs ₱ - ₱ - ₱ 5.00 ₱ - ₱ - ₱ - ₱ 28,437.89
Magic Sarap 11375 pcs ₱ 6.00 ₱ 5.36 ₱ 68,250.94 ₱ 7,312.60 ₱ 60,938.34
Quick melt 284 kg ₱ 340.00 ₱ 303.57 ₱ 96,688.83 ₱ 10,359.52 ₱ 86,329.32
Paper Tray 5688 set ₱ 27.00 ₱ 24.11 ₱ 153,564.62 ₱ 16,453.35 ₱ 137,111.27
Food stick 5688 set ₱ 15.00 ₱ 13.39 ₱ 85,313.68 ₱ 9,140.75 ₱ 76,172.93
Salt 5688 sachet ₱ 0.75 ₱ 0.67 ₱ 4,265.68 ₱ 457.04 ₱ 3,808.65
Mix Vege 4015 kg ₱ 40.00 ₱ 35.71 ₱ 160,590.45 ₱ 17,206.12 ₱ 143,384.33
Meat 293 kg ₱ - ₱ - ₱ 180.00 ₱ - ₱ - ₱ - ₱ 52,693.74
Hotdog 815 pack ₱ 26.00 ₱ 23.21 ₱ 21,202.96 ₱ 2,271.75 ₱ 18,931.21
Beef 1019 kg ₱ - ₱ - ₱ 100.00 ₱ - ₱ - ₱ - ₱ 101,937.30
Calamansi 949 kg ₱ - ₱ - ₱ 70.00 ₱ - ₱ - ₱ - ₱ 66,424.02
Water 32377 liters ₱ 1.20 ₱ 1.07 ₱ 38,852.09 ₱ 4,162.72 ₱ 34,689.36
Disposable cups 2943 set ₱ 56.00 ₱ 50.00 ₱ 164,827.04 ₱ 17,660.04 ₱ 147,167.00
Juice 22501 pcs ₱ 18.00 ₱ 16.07 ₱ 405,021.77 ₱ 43,395.19 ₱ 361,626.58
Ice 29433 pcs ₱ 2.00 ₱ 1.79 ₱ 58,866.80 ₱ 6,307.16 ₱ 52,559.64
White Sugar 736 kg ₱ 76.00 ₱ 67.86 ₱ 55,923.46 ₱ 5,991.80 ₱ 49,931.66
Apple 3137 pcs ₱ 10.00 ₱ 8.93 ₱ 31,365.32 ₱ 3,360.57 ₱ 28,004.75
Water Melon 523 kg ₱ 90.00 ₱ 80.36 ₱ 47,047.98 ₱ 5,040.86 ₱ 42,007.13
Total ₱ 1,919,304.52 ₱ 205,639.77 ₱ 1,713,664.75 ₱ 789,812.90

ASSUMPTION:
*Purchase of RM increase 3% every year

Year 1 Year 2 Year 3 Year 4 Year 5

Purchases inclusive of VAT ₱ 1,919,304.52 ₱ 1,976,883.65 ₱ 2,036,190.16 ₱ 2,097,275.87 ₱ 2,160,194.14
Input VAT ₱ 205,639.77 ₱ 211,808.96 ₱ 218,163.23 ₱ 224,708.13 ₱ 231,449.37
Purchases exclusive of VAT ₱ 1,713,664.75 ₱ 1,765,074.69 ₱ 1,818,026.93 ₱ 1,872,567.74 ₱ 1,928,744.77
ADD: purchases exempt to VAT ₱ 789,812.90 ₱ 813,507.29 ₱ 837,912.51 ₱ 863,049.88 ₱ 888,941.38
Total purchases exclusive for VAT ₱ 2,503,477.65 ₱ 2,578,581.98 ₱ 2,655,939.44 ₱ 2,735,617.62 ₱ 2,817,686.15

Year 1 Year 2 Year 3 Year 4 Year 5

Beg. RM Inv. ₱ - ₱ 125,173.88 ₱ 206,536.91 ₱ 240,396.44 ₱ 222,830.16
Purchases ₱ 2,503,477.65 ₱ 2,578,581.98 ₱ 2,655,939.44 ₱ 2,735,617.62 ₱ 2,817,686.15
TGAS ₱ 2,503,477.65 ₱ 2,703,755.86 ₱ 2,862,476.35 ₱ 2,976,014.06 ₱ 3,040,516.32
COGS ₱ 2,378,303.77 ₱ 2,497,218.96 ₱ 2,622,079.90 ₱ 2,753,183.90 ₱ 2,890,843.10
Ending RM Inv ₱ 125,173.88 ₱ 206,536.91 ₱ 240,396.44 ₱ 222,830.16 ₱ 149,673.22
Schedule 1

CLEANING SUPPLIES

TOTAL
ITEMS PRICE QUANTITY UNITS INCLUSIVE OF
VAT

Trash bin ₱ 499.75 4 pcs. ₱ 1,999.00

Trash Bag ₱ 112.75 24 pcs. ₱ 2,706.00
Mop ₱ 279.75 3 pcs. ₱ 839.25
All purpose rags ₱ 79.00 6 set ₱ 474.00
Dust Pan ₱ 64.99 4 pcs. ₱ 259.96
Broom ₱ 144.00 4 pcs. ₱ 576.00
Floor Mat ₱ 100.00 6 pcs. ₱ 600.00
Total Puchases Per Year ₱ 7,454.21

Year 1 Year 2 Year 3 Year 4 Year 5

Total purchase inclusive of VAT ₱ 7,454.21 ₱ 7,603.29 ₱ 7,755.36 ₱ 7,910.47 ₱ 8,068.68
Input VAT ₱ 798.67 ₱ 814.64 ₱ 830.93 ₱ 847.55 ₱ 864.50
Total purchase exclusive of VAT ₱ 6,655.54 ₱ 6,788.66 ₱ 6,924.43 ₱ 7,062.92 ₱ 7,204.18

ASSUMPTION:
*Purchases of cleaning supplies increase 2% every yr. Ending balance of cleaning supplies is 5% of the purchases

Year 1 Year 2 Year 3 Year 4 Year 5

Beg. Cleaning Supplies ₱ - ₱ 332.78 ₱ 339.43 ₱ 346.22 ₱ 353.15
Purchases ₱ 6,655.54 ₱ 6,788.66 ₱ 6,924.43 ₱ 7,062.92 ₱ 7,204.18
TOTAL CLEANING SUPPLIES
AVAIL. FOR USED ₱ 6,655.54 ₱ 7,121.43 ₱ 7,263.86 ₱ 7,409.14 ₱ 7,557.32
Ending cleaning Supplies ₱ 332.78 ₱ 339.43 ₱ 346.22 ₱ 353.15 ₱ 360.21
Cleaning Supplies Used ₱ 6,322.77 ₱ 6,782.00 ₱ 6,917.64 ₱ 7,055.99 ₱ 7,197.11
Schedule 2

OFFICE SUPPLIES

TOTAL
ITEMS PRICE QUANTITY UNIT INCLUSIVE OF
VAT

Record Book ₱ 50.00 6 set ₱ 300.00

Ballpen ₱ 50.00 6 dozen ₱ 300.00
Calculator ₱ 318.00 1 pcs ₱ 318.00
Total Purchases per year ₱ 918.00

ASSUMPTION:
*Purchases of office supplies increase 2% every yr. Ending balance of office supplies is 5% of the purchases

Year 1 Year 2 Year 3 Year 4 Year 5

Total purchase inclusive of VAT ₱ 918.00 ₱ 936.36 ₱ 955.09 ₱ 974.19 ₱ 993.67
Input VAT ₱ 98.36 ₱ 100.32 ₱ 102.33 ₱ 104.38 ₱ 106.46
Total purchase exclusive of VAT ₱ 819.64 ₱ 836.04 ₱ 852.76 ₱ 869.81 ₱ 887.21

Year 1 Year 2 Year 3 Year 4 Year 5

Beg. Office Supplies ₱ - ₱ 40.98 ₱ 41.80 ₱ 42.64 ₱ 43.49
Purchases ₱ 819.64 ₱ 836.04 ₱ 852.76 ₱ 869.81 ₱ 887.21
TOTAL OFFICE SUPPLIES AVAIL. FOR USED ₱ 819.64 ₱ 877.02 ₱ 894.56 ₱ 912.45 ₱ 930.70
Ending office Supplies ₱ 40.98 ₱ 41.80 ₱ 42.64 ₱ 43.49 ₱ 44.36
Office Supplies Used ₱ 778.66 ₱ 835.22 ₱ 851.92 ₱ 868.96 ₱ 886.34
Schedule 3
KITCHEN SUPPLIES

TOTAL
ITEMS PRICE QUANTITY UNIT INCLUSIVE OF
VAT
Cooking Gloves ₱ 280.00 6 pairs ₱ 1,680.00
Disposable Gloves ₱ 24.00 12 set ₱ 288.00
Hair net ₱ 75.00 12 set ₱ 900.00
Gas Refill ₱ 800.00 12 tank ₱ 9,600.00
Dishwashing Liquid ₱ 169.00 12 bottle ₱ 2,028.00
Sponge ₱ 29.00 12 pcs ₱ 348.00
Total cost of kitchen supplies ₱ 14,844.00

ASSUMPTION:
*Purchases of office supplies increase 2% every yr. Ending balance of office supplies is 5% of the purchases

Year 1 Year 2 Year 3 Year 4 Year 5

Total purchase inclusive of VAT ₱ 14,844.00 ₱ 15,140.88 ₱ 15,443.70 ₱ 15,752.57 ₱ 16,067.62
Input VAT ₱ 1,590.43 ₱ 1,622.24 ₱ 1,654.68 ₱ 1,687.78 ₱ 1,721.53
Total purchase exclusive of VAT ₱ 13,253.57 ₱ 13,518.64 ₱ 13,789.02 ₱ 14,064.80 ₱ 14,346.09

Year 1 Year 2 Year 3 Year 4 Year 5

Beg. Kitchen Supplies ₱ - ₱ 662.68 ₱ 675.93 ₱ 689.45 ₱ 703.24
PurchasesKITCHEN SUPPLIES AVAIL. FOR
TOTAL ₱ 13,253.57 ₱ 13,518.64 ₱ 13,789.02 ₱ 14,064.80 ₱ 14,346.09
USED ₱ 13,253.57 ₱ 14,181.32 ₱ 14,464.95 ₱ 14,754.25 ₱ 15,049.33
Ending Kitchen Supplies ₱ 662.68 ₱ 675.93 ₱ 689.45 ₱ 703.24 ₱ 717.30
Kitchen Supplies Used ₱ 12,590.89 ₱ 13,505.39 ₱ 13,775.50 ₱ 14,051.01 ₱ 14,332.03
Schedule 5
OTHER SUPPLIES

TOTAL
ITEMS PRICE QUANTITY UNIT INCLUSIVE OF
VAT
Paper Bag ₱ 59.65 12 set ₱ 715.80
Bulb ₱ 112.00 6 pcs ₱ 672.00
Plastic Cups ₱ 19.00 24 dozen ₱ 456.00
Sauce Battle ₱ 91.00 6 pcs ₱ 546.00
Total Purchases per year ₱ 2,389.80

Year 1 Year 2 Year 3 Year 4 Year 5

Total purchase inclusive of VAT ₱ 2,389.80 ₱ 2,437.60 ₱ 2,486.35 ₱ 2,536.07 ₱ 2,586.80
Input VAT ₱ 256.05 ₱ 261.17 ₱ 266.39 ₱ 271.72 ₱ 277.16
Total purchase exclusive of VAT ₱ 2,133.75 ₱ 2,176.43 ₱ 2,219.95 ₱ 2,264.35 ₱ 2,309.64

ASSUMPTION:
*Purchases of main supplies increase 2% every yr. Ending balance of main supplies is 5% of the purchases

Year 1 Year 2 Year 3 Year 4 Year 5

Beg. Other Supplies ₱ - ₱ 106.69 ₱ 108.82 ₱ 111.00 ₱ 113.22
Purchases ₱ 2,133.75 ₱ 2,176.43 ₱ 2,219.95 ₱ 2,264.35 ₱ 2,309.64
TOTAL OTHER SUPPLIES AVAIL. FOR USED ₱ 2,133.75 ₱ 2,283.11 ₱ 2,328.77 ₱ 2,375.35 ₱ 2,422.86
Ending Other Supplies ₱ 106.69 ₱ 108.82 ₱ 111.00 ₱ 113.22 ₱ 115.48
Other Supplies Used ₱ 2,027.06 ₱ 2,174.29 ₱ 2,217.78 ₱ 2,262.13 ₱ 2,307.38
Schedule 6
RENT EXPENSE

ITEMS MONTHLY Year 1 Year 2 Year 3 Year 4 Year 5

Building and Land ₱ 11,000.00 ₱ 132,000.00 ₱ 132,000.00 ₱ 132,000.00 ₱ 132,000.00 ₱ 132,000.00
Schedule 7
KITCHEN UTENSILS
TOTAL
ITEMS PRICE QUANTITY UNIT
Year 1 Year 4
Tupper ware (big) ₱ 85.00 4 pcs ₱ 340.00 ₱ 340.00
Tupper ware (meduim) ₱ 45.00 5 pcs ₱ 225.00 ₱ 225.00
Duoble Juice Dispenser ₱ 990.00 1 pc ₱ 990.00 ₱ 990.00
Water Container ₱ 179.00 1 pc ₱ 179.00 ₱ 179.00
Food Warmer ₱ 105.00 4 pcs ₱ 420.00 ₱ 420.00
Fry pan ₱ 499.00 2 pcs ₱ 998.00 ₱ 998.00
Deep fry pan ₱ 1,999.27 2 pcs ₱ 3,998.54 ₱ 3,998.54
Laddle (flat) ₱ 44.75 2 pcs ₱ 89.50 ₱ 89.50
Laddle (soup) ₱ 94.00 2 pcs ₱ 188.00 ₱ 188.00
Strainer (small) ₱ 54.75 2 pcs ₱ 109.50 ₱ 109.50
Strainer (large) ₱ 209.75 2 pcs ₱ 419.50 ₱ 419.50
Chopping Board ₱ 157.00 2 pcs ₱ 314.00 ₱ 314.00
Tong ₱ 89.00 2 pcs ₱ 178.00 ₱ 178.00
Knife ₱ 169.75 2 pcs ₱ 339.50 ₱ 339.50
Mixing bowl ₱ 150.00 2 pcs ₱ 300.00 ₱ 300.00
Peeler ₱ 75.00 2 pcs ₱ 150.00 ₱ 150.00
Measuring scoop ₱ 160.00 1 set ₱ 160.00 ₱ 160.00
Ice shovel ₱ 65.00 1 pcs ₱ 65.00 ₱ 65.00
Ice cube tray ₱ 170.00 2 pcs ₱ 340.00 ₱ 340.00
Total cost of Kitchen Utensils ₱ 9,803.54 ₱ 9,803.54

Year 1 Year 2 Year 3 Year 4 Year 5

Cost of kitchen utensils ₱ 9,803.54 ₱ 9,803.54 ₱ 9,803.54 ₱ 9,803.54 ₱ 9,803.54
Dep. Expense ₱ 3,267.85 ₱ 3,267.85 ₱ 3,267.85 ₱ 3,267.85 ₱ 3,267.85
Accum. Dep. ₱ 3,267.85 ₱ 6,535.69 ₱ 9,803.54 ₱ 3,267.85 ₱ 6,535.69
Carrying amount ₱ 6,535.69 ₱ 3,267.85 ₱ - ₱ 6,535.69 ₱ 3,267.85

ASSUMPTION:
*Kitchen utensils will have a useful life of 3 year w/ no salvage value. The company will purchase another kitchen utensils after 3 years
Schedule 8
REPAIR AND MAINTENANCE

ITEMS COST Year 1 Year 2 Year 3 Year 4 Year 5

Kitchen Utensils ₱ 9,803.54 ₱ 294.11 ₱ 302.93 ₱ 312.02 ₱ 321.38 ₱ 331.02

Equipments ₱ 22,918.00 ₱ 687.54 ₱ 708.17 ₱ 729.41 ₱ 751.29 ₱ 773.83
Leasehold Improvement ₱ 13,025.85 ₱ 390.78 ₱ 402.50 ₱ 414.57 ₱ 427.01 ₱ 439.82
Total Repair and maintenance ₱ 45,747.39 ₱ 1,372.42 ₱ 1,413.59 ₱ 1,456.00 ₱ 1,499.68 ₱ 1,544.67

ASSUMPTION:
*Repair ad maintenance is equal to 3% of the cost and it will increase 3% every year
Schedule 9
UTILITIES EXPENSE

WATER BILLS
Year 1 Year 2 Year 3 Year 4 Year 5
Water consumption ₱ 2,208.00 ₱ 2,252.16 ₱ 2,297.20 ₱ 2,343.15 ₱ 2,390.01

ELECTRICITY BILLS
# OF RATE/
ITEMS QUANTITY WATTS KILOWATTS Year 1 Year 2 Year 3 Year 4 Year 5
HOURS/DAY KILOWATT
Bulb 2 12 0.012 8 ₱ 10.00 ₱ 599.04 ₱ 611.02 ₱ 623.24 ₱ 635.71 ₱ 648.42
Refrigerator 1 350 0.35 8 ₱ 10.00 ₱ 8,736.00 ₱ 8,910.72 ₱ 9,088.93 ₱ 9,270.71 ₱ 9,456.13
Fan 2 60 0.06 8 ₱ 10.00 ₱ 2,995.20 ₱ 3,055.10 ₱ 3,116.21 ₱ 3,178.53 ₱ 3,242.10
Total ₱ 12,330.24 ₱ 12,576.84 ₱ 12,828.38 ₱ 13,084.95 ₱ 13,346.65

Year 1 Year 2 Year 3 Year 4 Year 5

Total utilities expense ₱ 14,538.24 ₱ 14,829.00 ₱ 15,125.58 ₱ 15,428.10 ₱ 15,736.66

ASSUMPTION:
*Electricity and Water expenses increase 2% every year
Schedule 10

EQUIPMENTS
ITEMS PRICE QUANTITY UNIT TOTAL
Refrigerator ₱ 10,699.00 1 pc ₱ 10,699.00
Fan ₱ 1,500.00 2 pcs ₱ 3,000.00
Weighting scale ₱ 500.00 1 pc ₱ 500.00
Stove ₱ 769.00 1 pc ₱ 769.00
Gas tank ₱ 1,700.00 1 pc ₱ 1,700.00
Glass food display ₱ 2,500.00 1 pc ₱ 2,500.00
Food display table (our design) ₱ 2,500.00 1 pc ₱ 2,500.00
Fire extinguisher ₱ 1,250.00 1 ₱ 1,250.00
Total cost of equipment ₱ 22,918.00

Year 1 Year 2 Year 3 Year 4 Year 5

Cost of equipment ₱ 22,918.00 ₱ 22,918.00 ₱ 22,918.00 ₱ 22,918.00 ₱ 22,918.00
Dep. Expence ₱ 4,583.60 ₱ 4,583.60 ₱ 4,583.60 ₱ 4,583.60 ₱ 4,583.60
Accum. Dep. ₱ 4,583.60 ₱ 9,167.20 ₱ 13,750.80 ₱ 18,334.40 ₱ 22,918.00
Carrying amount of equipment ₱ 18,334.40 ₱ 13,750.80 ₱ 9,167.20 ₱ 4,583.60 ₱ -

ASSUMPTION:
*Equipments have 5 years useful life with no salvage value
Schedule 11
FURNITURES AND FIXTURES

ITEMS PRICE QUANTITY UNIT TOTAL

Table ₱ 2,999.00 2 pcs ₱ 5,998.00
Chair ₱ 340.00 1 pc ₱ 340.00
Stool ₱ 120.00 11 pcs ₱ 1,320.00
Total ₱ 7,658.00

ASSUMPTION:
*Furnitures and fixtures have 5 years useful life with no salvage value

Year 1 Year 2 Year 3 Year 4 Year 5

Cost of equipment ₱ 7,658.00 ₱ 7,658.00 ₱ 7,658.00 ₱ 7,658.00 ₱ 7,658.00
Dep. Expence ₱ 1,531.60 ₱ 1,531.60 ₱ 1,531.60 ₱ 1,531.60 ₱ 1,531.60
Accum. Dep. ₱ 1,531.60 ₱ 3,063.20 ₱ 4,594.80 ₱ 6,126.40 ₱ 7,658.00
Carrying amount of equipment ₱ 6,126.40 ₱ 4,594.80 ₱ 3,063.20 ₱ 1,531.60 ₱ -
Schedule 12
LEASEHOLD IMPROVEMENTS

CONSTRUCTION MATERIALS
MATERIALS PRICE QUANTITY UNIT TOTAL
Wood 2x2x10 ₱ 214.00 1 bf. ₱ 214.00
Wood 2x3x10 ₱ 300.00 2 bf. ₱ 600.00
Wood 2x2x8 ₱ 172.00 4 bf. ₱ 688.00
Plywood ₱ 470.00 2 1/4 ₱ 940.00
Plyboard ₱ 1,095.00 2 3/4 ₱ 2,190.00
Finishing common nails #2 1/2 ₱ 68.00 0.25 kg ₱ 17.00
Finishing common nails # 1/4 ₱ 78.00 1 kg ₱ 78.00
Nails #4 ₱ 59.00 0.5 kg ₱ 29.50
Nails #3 ₱ 60.00 0.25 kg ₱ 15.00
Nails #2 ₱ 65.00 0.5 kg ₱ 32.50
Hardienails 1 1/2 ₱ 67.00 0.5 kg ₱ 33.50
Stickwell ₱ 130.00 1 quarts ₱ 130.00
Hardi flex ₱ 1,360.00 2 1/2 ₱ 2,720.00
Total ₱ 7,687.50

PLUMBING MATERIALS
MATERIALS PRICE QUANTITY UNIT TOTAL
Faucet ₱ 161.00 1 pc ₱ 161.00
Water pipe ₱ 61.00 10 meter ₱ 610.00
Sinker ₱ 580.00 1 pc ₱ 580.00
Teflon ₱ 18.00 1 pc ₱ 18.00
S-blue ₱ 53.00 1 pc ₱ 53.00
Elbow 90◦ ₱ 7.50 3 pcs ₱ 22.50
Male Adaptor ₱ 8.75 1 pc ₱ 8.75
Female Adaptor ₱ 7.10 1 pc ₱ 7.10
Elbow 45◦ ₱ 24.00 1 pc ₱ 24.00
Total ₱ 1,484.35

ELECTRICAL MATERIALS
MATERIALS PRICE QUANTITY UNIT TOTAL
Wire ₱ 26.00 15 meter ₱ 390.00
Swith (2 gang) ₱ 114.00 1 pc ₱ 114.00
Switch (3 gang) ₱ 142.00 1 pc ₱ 142.00
Ceiling screw adapter ₱ 50.00 2 pcs ₱ 100.00
Stipple wire ₱ 108.00 1 pc ₱ 108.00
Total ₱ 854.00

Overall Project Material Cost ₱ 10,025.85

Direct Labor ₱ 3,000.00
Total project cost ₱ 13,025.85

Year 1 Year 2 Year 3 Year 4 Year 5

Cost of leasehold improvement ₱ 13,025.85 ₱ 13,025.85 ₱ 13,025.85 ₱ 13,025.85 ₱ 13,025.85
Dep. Expense ₱ 2,605.17 ₱ 2,605.17 ₱ 2,605.17 ₱ 2,605.17 ₱ 2,605.17
Accum. Dep ₱ 2,605.17 ₱ 5,210.34 ₱ 7,815.51 ₱ 10,420.68 ₱ 13,025.85
Carrying amount ₱ 10,420.68 ₱ 7,815.51 ₱ 5,210.34 ₱ 2,605.17 ₱ -
ASSUMPTION:
*Leasehold improvements has a useful life of 5 yrs with no salvage value
Schedule 13
DEPRECIATION EXPENSE

ITEMS Year 1 Year 2 Year 3 Year 4 Year 5

Kitchen Utensils ₱ 3,267.85 ₱ 3,267.85 ₱ 3,267.85 ₱ 3,267.85 ₱ 3,267.85
Furnitures and Fixtures ₱ 1,531.60 ₱ 1,531.60 ₱ 1,531.60 ₱ 1,531.60 ₱ 1,531.60
Equipments ₱ 4,583.60 ₱ 4,583.60 ₱ 4,583.60 ₱ 4,583.60 ₱ 4,583.60
Leaseholds Improvements ₱ 2,605.17 ₱ 2,605.17 ₱ 2,605.17 ₱ 2,605.17 ₱ 2,605.17
Total ₱ 11,988.22 ₱ 11,988.22 ₱ 11,988.22 ₱ 11,988.22 ₱ 11,988.22
Schedule 18
SALARIES EXPENSE

MONTHLY
Government contribution
SALARY PER SALARY PER Net salary per
POSITION Employer's share Employee's share
DAY MONTH month
SSS PHIL PAG-IBIG SSS PHIL PAG-IBIG
Manager ₱ 360.00 ₱ 9,360.00 ₱ 810.00 ₱ 138.60 ₱ 100.00 ₱ 400.00 ₱ 138.60 ₱ 100.00 ₱ 8,721.40
Cook ₱ 328.00 ₱ 8,528.00 ₱ 690.00 ₱ 137.50 ₱ 100.00 ₱ 340.00 ₱ 137.50 ₱ 100.00 ₱ 7,950.50
Cashier ₱ 328.00 ₱ 8,528.00 ₱ 690.00 ₱ 137.50 ₱ 100.00 ₱ 340.00 ₱ 137.50 ₱ 100.00 ₱ 7,950.50
Assistant cook ₱ 313.00 ₱ 8,138.00 ₱ 650.00 ₱ 137.50 ₱ 100.00 ₱ 320.00 ₱ 137.50 ₱ 100.00 ₱ 7,580.50
Book keeper ₱ 1,000.00 ₱ - ₱ - ₱ 100.00 ₱ - ₱ - ₱ 100.00 ₱ 900.00
Total ₱ 35,554.00 ₱ 2,840.00 ₱ 551.10 ₱ 500.00 ₱ 1,400.00 ₱ 551.10 ₱ 500.00 ₱ 33,102.90

YEARLY
Government contribution
SALARY PER Net salary per
POSITION 13 MONTH PAY Employer's share Employee's share
YEAR Year
SSS PHIL PAG-IBIG SSS PHIL PAG-IBIG
Manager ₱ 112,320.00 ₱ 9,360.00 ₱ 9,720.00 ₱ 1,663.20 ₱ 1,200.00 ₱ 4,800.00 ₱ 1,663.20 ₱ 1,200.00 ₱ 114,016.80
Cook ₱ 102,336.00 ₱ 8,528.00 ₱ 8,280.00 ₱ 1,650.00 ₱ 1,200.00 ₱ 4,080.00 ₱ 1,650.00 ₱ 1,200.00 ₱ 103,934.00
Cashier ₱ 102,336.00 ₱ 8,528.00 ₱ 8,280.00 ₱ 1,650.00 ₱ 1,200.00 ₱ 4,080.00 ₱ 1,650.00 ₱ 1,200.00 ₱ 103,934.00
Assistant cook ₱ 97,656.00 ₱ 8,138.00 ₱ 7,800.00 ₱ 1,650.00 ₱ 1,200.00 ₱ 3,840.00 ₱ 1,650.00 ₱ 1,200.00 ₱ 99,104.00
Book keeper ₱ 12,000.00 ₱ 1,000.00 ₱ - ₱ - ₱ 1,200.00 ₱ - ₱ - ₱ 1,200.00 ₱ 11,800.00
Total ₱ 426,648.00 ₱ 35,554.00 ₱ 34,080.00 ₱ 6,613.20 ₱ 6,000.00 ₱ 16,800.00 ₱ 6,613.20 ₱ 6,000.00 ₱ 432,788.80

Government contribution
SALARY PER SALARIES
POSITION 13 MONTH PAY Employer's share
YEAR EXPENSE
SSS PHIL PAG-IBIG
Manager ₱ 112,320.00 ₱ 9,360.00 ₱ 9,720.00 ₱ 1,663.20 ₱ 1,200.00 ₱ 134,263.20
Cook ₱ 102,336.00 ₱ 8,528.00 ₱ 8,280.00 ₱ 1,650.00 ₱ 1,200.00 ₱ 121,994.00
Cashier ₱ 102,336.00 ₱ 8,528.00 ₱ 8,280.00 ₱ 1,650.00 ₱ 1,200.00 ₱ 121,994.00
Assistant cook ₱ 97,656.00 ₱ 8,138.00 ₱ 7,800.00 ₱ 1,650.00 ₱ 1,200.00 ₱ 116,444.00
Book keeper ₱ 12,000.00 ₱ 1,000.00 ₱ - ₱ - ₱ 1,200.00 ₱ 14,200.00
Total ₱ 426,648.00 ₱ 35,554.00 ₱ 34,080.00 ₱ 6,613.20 ₱ 6,000.00 ₱ 508,895.20
Schedule 19
ACCRUAL OF CONTRIBUTIONS

Government Contribution
POSITION TOTAL
SSS PHIL PAG-IBIG
Manager ₱ 14,520.00 ₱ 3,326.40 ₱ 2,400.00
Cook ₱ 12,360.00 ₱ 3,300.00 ₱ 2,400.00
Cashier ₱ 12,360.00 ₱ 3,300.00 ₱ 2,400.00
Assistant cook ₱ 11,640.00 ₱ 3,300.00 ₱ 2,400.00
Book keeper ₱ - ₱ - ₱ 2,400.00
Total ₱ 50,880.00 ₱ 13,226.40 ₱ 12,000.00

SSS
Year 1 Year 2 Year 3 Year 4 Year 5
Year 1 ₱ 46,640.00 ₱ 4,240.00
Year 2 ₱ 46,640.00 ₱ 4,240.00
Year 3 ₱ 46,640.00 ₱ 4,240.00
Year 4 ₱ 46,640.00 ₱ 4,240.00
Year 5 ₱ 46,640.00
Total payments ₱ 46,640.00 ₱ 50,880.00 ₱ 50,880.00 ₱ 50,880.00 ₱ 50,880.00

SSS payable at the end of

₱ 4,240.00 ₱ 4,240.00 ₱ 4,240.00 ₱ 4,240.00 ₱ 4,240.00
the month

PHILHEALTH

Year 1 Year 2 Year 3 Year 4 Year 5

Year 1 ₱ 12,124.20 ₱ 1,102.20
Year 2 ₱ 12,124.20 ₱ 1,102.20
Year 3 ₱ 12,124.20 ₱ 1,102.20
Year 4 ₱ 12,124.20 ₱ 1,102.20
Year 5 ₱ 12,124.20
Total payments ₱ 12,124.20 ₱ 13,226.40 ₱ 13,226.40 ₱ 13,226.40 ₱ 13,226.40

PHIL payable at the end

₱ 1,102.20 ₱ 1,102.20 ₱ 1,102.20 ₱ 1,102.20 ₱ 1,102.20
of the month

PAG-IBIG

Year 1 Year 2 Year 3 Year 4 Year 5

Year 1 ₱ 11,000.00 ₱ 1,000.00
Year 2 ₱ 11,000.00 ₱ 1,000.00
Year 3 ₱ 11,000.00 ₱ 1,000.00
Year 4 ₱ 11,000.00 ₱ 1,000.00
Year 5 ₱ 11,000.00
Total payments ₱ 11,000.00 ₱ 12,000.00 ₱ 12,000.00 ₱ 12,000.00 ₱ 12,000.00
PAG-IBIG payable at the
₱ 1,000.00 ₱ 1,000.00 ₱ 1,000.00 ₱ 1,000.00 ₱ 1,000.00
end of the month