ESPRESSO YOURSELF CAFÉ'

PROJECTED INCOME STATEMENT

FOR THE YEAR ENDED DECEMBER 31, 2019-2023

PROJECTED INCOME STATEMENT 2019 2020 2021 2022 2023

Gross Sales ₱2,241,000.00 ₱ 2,654,464.50 ₱3,144,213.20 ₱3,724,320.54 ₱4,411,457.67
Cost of Goods Sold
Raw Materials 1,172,291.40 1,388,579.16 1,644,772.02 1,948,232.46 2,307,681.34
Freight-in 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
Direct Labor 108,000.00 118,800.00 130,680.00 143,748.00 158,122.80
Factory Overhead 272,801.10 281,475.97 294,358.42 308,353.78 323,567.84
Total Cost of Goods Sold 1,559,092.50 1,794,855.13 2,075,810.44 2,406,334.24 2,795,371.98
Gross Profit 681,907.50 859,609.37 1,068,402.76 1,317,986.30 1,616,085.69
Operating Expenses
Depreciation of Office Supplies and equipment 4,799.80 4,799.80 4,799.80 4,799.80 4,799.80
Depreciation of Furniture and Fixtures 8,142.60 8,142.60 8,142.60 8,142.60 8,142.60
Depreciation of Leasehold Improvements 6,931.00 6,931.00 6,931.00 6,931.00 6,931.00
Furnitures and Fixtures 1,170.00 0.00 0.00 0.00 0.00
Compensation Allowance 316,800.00 356,400.00 392,040.00 431,244.00 474,368.40
Office Supplies Expense 3,550.00 3,727.50 3,913.88 4,109.57 4,315.05
Utilities Expense - Admin. 192,510.44 195,685.75 201,016.33 206,506.82 212,162.02
Transportation Expense 184.00 176.00 176.00 176.00 176.00
Janitorial Expenses 5,421.00 5,583.63 5,751.14 5,923.67 6,101.38
Employee Benefits(ER Share)- FOH 13,277.10 14,592.81 16,040.09 17,632.10 19,383.31
Employee Benefits(ER Share)- Admin. 38,954.16 42,813.58 47,058.93 51,728.83 56,865.71
Employee Benefits (EE Share)-Admin. 5,662.80 6,229.08 6,851.99 7,537.19 8,290.91
13th month pay-Admin. 26,400.00 27,720.00 30,492.00 33,541.20 36,895.32
License and Permits 4,650.00 2,150.00 2,150.00 4,650.00 2,150.00
Advertising Expense 36,640.00 0.00 0.00 0.00 0.00
Total Operating Expenses ₱665,092.90 ₱674,951.75 ₱725,363.75 ₱782,922.77 ₱840,581.50
Net Income before Income Tax 16,814.60 184,657.62 343,039.01 535,063.52 775,504.20
Income Tax Expense (32%) 5,380.67 59,090.44 109,772.48 171,220.33 248,161.34
Net Income ₱11,433.93 ₱125,567.18 ₱233,266.53 ₱363,843.20 ₱527,342.86

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PROJECTED STATEMENT OF CASH FLOW
FOR THE YEAR ENDED DECEMBER 31, 2019-2023
         
Cash Inflow Pre – Operation 2019 2020 2021 2022 2023
Cash Received from customers ₱2,241,000.00 ₱2,654,464.50 ₱3,521,518.78 ₱4,171,239.00 ₱4,940,832.60
Partner’s Investment ₱468,486.22          
Total Cash Inflow 468,486.22 2,241,000.00 2,654,464.50 3,521,518.78 4,171,239.00 4,940,832.60
Cash Outflow
Furnitures and Fixtures 41,883.00
Kitchen Equipment 182,811.00
Leasehold Improvements 69,310.00
Raw Materials 1,172,291.40 1,388,579.16 1,842,144.66 2,182,020.35 2,584,603.11
Direct Labor 108,000.00 118,800.00 130,680.00 143,748.00 158,122.80
Packaging and Labeling 81,000.00 89,100.00 98,010.00 107,811.00 118,592.10
Compensation Allowance 316,800.00 356,400.00 392,040.00 431,244.00 474,368.40
Rent Expense 60,000.00 60,000.00 60,000.00 60,000.00 60,000.00
Transportation Expenses 184.00 176.00 176.00 176.00 176.00
Utilities Expenses Payment-Admin & FOH 224,588.50 229,031.71 235,500.98 242,169.00 249,041.96
Utilities Payable Payment-Admin & FOH 20,417.14 20,821.06 21,409.18 22,015.36
Freight-in 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
Kitchen Supplies 29,178.00 30,732.00 31,820.28 32,957.84 34,147.82
Janitorial Supplies Expense 5,421.00 5,583.63 5,751.14 5,923.67 6,101.38
Office Supplies & Equipment 27,549.00 3,727.50 3,913.88 4,109.57 4,315.05
Employee Benefits(ER Share)- FOH 13,277.10 14,592.81 16,040.09 17,632.10 19,383.31
Employee Benefits(ER Share)- Admin. 38,954.16 42,813.58 47,058.93 51,728.83 56,865.71
Employee Benefits(EE Share)-FOH 1,930.50 2,123.55 2,335.91 2,569.50 2,826.45
Employee Benefits (EE Share)-Admin. 5,662.80 6,229.08 6,851.99 7,537.19 8,290.91
13th month pay-Manager,Finance, Service Crew 26,400.00 27,720.00 30,492.00 33,541.20 36,895.32
13th Month Pay- FOH 9,000.00 9,450.00 10,395.00 11,434.50 12,577.95
Advertising and Promotion 36,640.00 0 0 0 0
Permit and Licenses 4,650.00 2,150.00 2,150.00 4,650.00 2,150.00
VAT Payments 134,949.71 204,831.16 242,622.51
Income Tax Expense   0 5,380.67 59,090.44 109,772.48 171,220.33
Partners’ Withdrawal   571.70 6,278.36 11,663.33 18,192.16 26,367.14
Total Cash Outflow ₱294,004.00 ₱2,168,098.16 ₱2,425,285.18 ₱3,147,885.39 ₱3,699,457.73 ₱4,296,683.61
Net Cash Inflow 174,482.22 72,901.84 229,179.32 373,633.40 471,781.27 644,148.99
Cash Balance, Beginning 0 174,482.22 247,384.06 476,563.38 850,196.78 1,321,978.05
Cash Balance, Ending ₱174,482.22 ₱247,384.06 ₱476,563.38 ₱850,196.78 ₱1,321,978.05 ₱1,966,127.04

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 X ESPRESSO YOURSELF CAFÉ'
PROJECTED STATEMENT OF FINANCIAL POSITION
FOR THE YEAR ENDED DECEMBER 31, 2019-2023

ASSETS 2019 2020 2021 2022 2023

Current Assets          
Cash ₱ 247,384.06 ₱ 476,563.38 ₱ 850,196.78 ₱ 1,321,978.05 ₱ 1,966,127.04
Total Current Assets 247,384.06 476,563.38 850,196.78 1,321,978.05 1,966,127.04
Non – Current Assets
Office Supplies and Equipment 23,999.00 23,999.00 23,999.00 23,999.00 23,999.00
Accumulated Depreciation -4,799.80 -9,599.60 -14,399.40 -19,199.20 -23,999.00
Furnitures and fixtures 40,713.00 40,713.00 40,713.00 40,713.00 40,713.00
Accumulated Depreciation -8,142.60 -16,285.20 -24,427.80 -32,570.40 -40,713.00
Kitchen Equipment 179,517.00 179,517.00 179,517.00 179,517.00 179,517.00
Accumulated Depreciation -35,903.40 -71,806.80 -107,710.20 -143,613.60 -179,517.00
Leasehold Improvements 69,310.00 69,310.00 69,310.00 69,310.00 69,310.00
Accumulated Depreciation -6,931.00 -13,862.00 -20,793.00 -27,724.00 -34,655.00
Total Non – Current Assets 257,762.20 201,985.40 146,208.60 90,431.80 34,655.00
TOTAL ASSETS ₱ 505,146.26 ₱ 678,548.78 ₱ 996,405.38 ₱ 1,412,409.85 ₱ 2,000,782.04
LIABILITIES AND EQUITIES
Current Liabilities
Vat Payable 44,983.24 53282.64238 63,113.29
Utilities Payble 20,417.14 20,821.06 21,409.18 22,015.36 22,640.18
Income Tax Payable 5,380.67 59,090.44 109,772.48 171,220.33 248,161.34
Total Current Liabilities 25,797.81 79,911.50 176,164.90 246,518.33 333,914.81
Equities
Partner’s Capital 468,486.22 479,348.45 598,637.28 820,240.48 1,165,891.51
Net Income 11,433.93 125,567.18 233,266.53 363,843.20 527,342.86
Withdrawal -571.70 -6,278.36 -11,663.33 -18,192.16 -26,367.14
Total Equities 479,348.45 598,637.28 820,240.48 1,165,891.51 1,666,867.23
TOTAL LIABILITIES & EQUITIES ₱ 505,146.26 ₱ 678,548.78 ₱ 996,405.38 ₱ 1,412,409.85 ₱ 2,000,782.04

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