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Total PHP 5,200,000 PHP 5,200,000 Table 5.1.22 Salaries Expense

The document provides projected financial statements for FLOUR-SCENT Company for the years 2019 to 2023 including statements of financial performance, sales figures, costs of goods sold, gross profits, operating expenses and net income before tax.

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rjay manalo
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31 views3 pages

Total PHP 5,200,000 PHP 5,200,000 Table 5.1.22 Salaries Expense

The document provides projected financial statements for FLOUR-SCENT Company for the years 2019 to 2023 including statements of financial performance, sales figures, costs of goods sold, gross profits, operating expenses and net income before tax.

Uploaded by

rjay manalo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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SEC Registration 7,060.

00

BIR Registration 1,210.00

Permits and Licenses 5,375.00

Advertising Expense 6,600.00

Office Supplies 7,210.00

Initial Inventory of Raw


680,000.00
Materials

Manlapaz, Capital 1,300,000


Manguer , Capital 1,300,000
Cortez, Capital 1,300,000
Bacani, Capital 1,300,000

TOTAL PHP 5,200,000 PHP 5,200,000


Table 5.1.22 Salaries Expense

Salaries Expense
Position 2019 2020 2021 2022 2023
General Php 278,880 Php292,824 Php Php Php
Manager 307,465 322,838 338,980
Accountant Php192,000 Php Php Php Php
201,600 211,680 222,264 233,377
Cashier Php 85,440 Php Php Php Php
89,712 94,197 98,907 103,852
Employee Php 83,769.6 Php Php Php Php
87,957 92,355 96,973 101,821
Security Php 88,992 Php Php Php Php
Officer 93,441 98,113 103,019 108,170
Supervisor Php 230,400 Php Php Php Php
241,920 254,016 266,716 280,052

5.2 Projected Financial Statements

Table 5.2.1 Statement of Financial Performance/ Comprehensive Income

FLOUR-SCENT Company
PROJECTED COMPARATIVE STATEMENT OF FINANCIAL PERFORMANCE
For the years ended

2019 2020 2021 2022 2023

SALES inclusive of PHP Php Php Php 12,265,036.88 Php 12,878,288.72


VAT 10,595,000 11,124,750 11,680,987.5
Value-added Tax 1,271,400 1,334,970 1,401,718.5 1,471,804.425 1,545,394.647
(12%)
SALES, exclusive 9,323,600 9,789,780 10,279,269 10,793,232.46 11,332,894.07
of VAT

NET SALES 9,323,600 9,789,780 10,279,269 10,793,232.46 11,332,894.07

Less: Cost of 4,056,726.53 4,251,777.16 4,464,366 4,687,584.3 4,921,963.52


Goods Sold
Gross Profit P 5,266,873.47 P5,538,002.84 P5,814,903 P 6,105,648.16 P 6,410,930.55

Less: OPERATING
EXPENSES
Selling and
Administrative
Expenses
SSS EC 97,658.4 102,541.32 107,668.386 113,051.8053 118,704.3956
Premium
Pag-ibig 16,800 16,800 16,800 16,800 16,800
contributions
Advertising 6,500 6,500 6,500 6,500 6,500
Expense
Office 7,210 7,570.57,949.03 8,346.48 8,763.8
Supplies
Renewal of 5,375 5,643.75 5,925.946,222.24 6,533.35
Permits and
Licenses
Salaries 988,781.51,038,221 1,090,132 1,147,638 1,201,870
Expense
Depreciation 158,212.4 158,212.4158,212.4 158,212.4 158,212.4
Expense
TOTAL 1,280,537.3 1,335,488.97 1,393,187.756 1,456,770.235 1,517,383.95
OPERATING
EXPENSES

NET INCOME 3,986,336.17 4,202,513.87 4,421,715.23 4,648,877.93 4,893,546.6


BEFORE TAX

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