HEALTHY PALMS

PROJECTED STATEMENT OF FINANCIAL POSITION

AS OF THE YEAR ENDED DECEMBER 31, 2023-2027
(AMOUNTS IN PHILIPPINE PESO)

NOTES Pre-operating 2023 2024 2025 2026 2027

ASSETS
Current Assets:
Cash 13 1,675,035.96 2,590,380.47 3,358,207.31 4,249,574.93 5,365,135.35 6,584,860.96
Office Supplies 14 6,632.00 663.20 553.94 567.40 594.34 623.92
Cleaning & Hygiene Supplies 15 2,629.00 262.90 302.34 320.08 336.35 353.19
Kitchen Tools Supplies 16 9,208.96 920.90 1,059.03 1,121.19 1,178.17 1,237.17
Kitchen Production Supplies 17 75,839.28 7,583.93 8,721.52 9,233.43 9,702.69 10,188.58
Prepaid Rent 18 58,000.00 29,000.00 29,000.00 29,000.00 29,000.00 29,000.00
Raw Materials Inventory 2 - 54,465.79 61,137.85 67,426.27 77,813.58 89,873.41
Total Current Assets 1,827,345.20 2,683,277.19 3,458,981.99 4,357,243.30 5,483,760.48 6,716,137.23

Noncurrent Assets:
Store & Office Equipment (Net) 19 55,407.00 51,409.55 47,412.10 43,414.64 39,417.19 35,419.74
Store & Office Furnitures & Fixtures (Net) 20 88,442.00 75,642.33 62,842.65 50,042.98 37,243.31 24,443.64
Leasehold Improvement (Net) 21 83,750.80 78,080.34 72,409.87 66,739.41 61,068.94 55,398.48
Kitchen Equipment (Net) 22 45,055.00 40,786.95 36,518.90 32,250.85 27,982.80 23,714.75
Total Noncurrent Assets 272,654.80 245,919.16 219,183.52 192,447.88 165,712.25 138,976.61

TOTAL ASSETS 2,100,000.00 2,929,196.35 3,678,165.51 4,549,691.18 5,649,472.73 6,855,113.83

LIABILITIES & PARTNER'S EQUITY

Current Liabilities:
Utilities Payable 23 - 5,456.78 5,729.62 6,016.10 6,316.90 6,632.75
SSS & EC Premiums Payable 24 - 8,730.00 8,730.00 9,500.00 9,725.00 10,850.00
PhilHealth Premiums Payable 25 - 2,464.00 2,542.32 2,855.78 3,220.69 4,478.95
Pag-ibig Premiums Payable 26 - 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
Income Tax Payable 27 - 80,130.91 91,054.03 105,666.41 131,947.97 146,136.17
Vat Payable 28 - 90,367.34 99,629.99 109,842.07 126,867.59 146,532.06
Total Liabilities - 188,149.03 208,685.96 234,880.36 279,078.15 315,629.93

PARTNER'S EQUITY
Aliñabo, Capital 350,000.00 456,841.22 578,246.59 719,135.14 895,065.76 1,089,913.98
Aquipel, Capital 350,000.00 456,841.22 578,246.59 719,135.14 895,065.76 1,089,913.98
Hamdag. Capital 350,000.00 456,841.22 578,246.59 719,135.14 895,065.76 1,089,913.98
Martin, Capital 350,000.00 456,841.22 578,246.59 719,135.14 895,065.76 1,089,913.98
Morales, Capital 350,000.00 456,841.22 578,246.59 719,135.14 895,065.76 1,089,913.98
Tomarong, Capital 350,000.00 456,841.22 578,246.59 719,135.14 895,065.76 1,089,913.98
Total Partner's Equity 2,100,000.00 2,741,047.32 3,469,479.55 4,314,810.82 5,370,394.57 6,539,483.89
TOTAL LIABILITIES & PARTNER'S
EQUITY 2,100,000.00 2,929,196.35 3,678,165.51 4,549,691.18 5,649,472.72 6,855,113.83

(See accompanying notes to Financial Statements)

 HEALTHY PALMS
PROJECTED STATEMENT OF FINANCIAL PERFORMANCE
FOR THE YEAR ENDED DECEMBER 31, 2023-2027
(AMOUNTS IN PHILIPPINE PESO)

NOTES 2023 2024 2025 2026 2027

Sales 1 5,735,534.38 6,323,426.65 6,971,577.88 8,052,172.45 9,300,259.18
Less: Cost of Goods Sold 2 3,359,864.16 3,715,556.04 4,050,485.52 4,583,789.48 5,202,023.40
Gross Profit 2,375,670.22 2,607,870.61 2,921,092.36 3,468,382.97 4,098,235.78

Less:
Compensation Expense 3 (530,724.00) (538,330.89) (548,721.74) (559,175.32) (893,488.43)
Utilities Expense 4 (26,192.54) (27,502.17) (28,877.28) (30,321.14) (31,837.20)
Rent Expense 5 (139,200.00) (146,160.00) (153,470.40) (161,145.60) (169,204.80)
Depreciation - Store & Office
6 (3,997.45) (3,997.45) (3,997.45) (3,997.45) (3,997.45)
Equipment
Depreciation - Store & Office
7 (12,799.67) (12,799.67) (12,799.67) (12,799.67) (12,799.67)
Furnitures & Fixtures
Depreciation - Leasehold
8 (5,670.46) (5,670.46) (5,670.46) (5,670.46) (5,670.46)
Improvement
Office Supplies Expense 9 (5,968.80) (4,985.46) (5,106.56) (5,349.06) (5,615.24)
Cleaning & Hygiene Supplies
10 (2,366.10) (2,721.02) (2,880.73) (3,027.13) (3,178.72)
Expense
Permits & Licenses Expense 11 (15,332.90) (12,282.90) (12,282.90) (12,282.90) (12,282.90)
Advertising & Promotion
12 (30,800.00) (32,340.00) (33,957.00) (35,654.85) (37,437.59)
Expense
Total Expenses (773,051.93) (786,790.02) (807,764.19) (829,423.59) (1,175,512.47)

Net Income (Loss) Before Tax 1,602,618.29 1,821,080.59 2,113,328.17 2,638,959.38 2,922,723.31
Less: Income Tax (20%) (320,523.66) (364,216.12) (422,665.63) (527,791.88) (584,544.66)
Net Income (Loss) After Tax 1,282,094.63 1,456,864.47 1,690,662.54 2,111,167.51 2,338,178.65

(See accompanying notes to Financial Statements)

HEALTHY PALMS
PROJECTED STATEMENT OF CHANGES IN PARTNER'S EQUITY
FOR THE YEAR ENDED DECEMBER 31, 2023-2027
(AMOUNTS IN PHILIPPINE PESO)

Aliñabo, Capital Aquipel, Capital Hamdag, Capital Martin, Capital Morales, Capital Tomarong, Capital TOTAL
Beginning Capital 350,000.00 350,000.00 350,000.00 350,000.00 350,000.00 350,000.00 2,100,000.00
Add: Share in Net Profit 213,682.44 213,682.44 213,682.44 213,682.44 213,682.44 213,682.44 1,282,094.63
Balance 563,682.44 563,682.44 563,682.44 563,682.44 563,682.44 563,682.44 3,382,094.63
Less: Withdrawals (106,841.22) (106,841.22) (106,841.22) (106,841.22) (106,841.22) (106,841.22) (641,047.32)
Balances, December 31, 2023 456,841.22 456,841.22 456,841.22 456,841.22 456,841.22 456,841.22 2,741,047.32

Balances, January 1, 2024 456,841.22 456,841.22 456,841.22 456,841.22 456,841.22 456,841.22 2,741,047.32
Add: Share in Net Profit 242,810.74 242,810.74 242,810.74 242,810.74 242,810.74 242,810.74 1,456,864.47
Balance 699,651.96 699,651.96 699,651.96 699,651.96 699,651.96 699,651.96 4,197,911.78
Less: Withdrawals (121,405.37) (121,405.37) (121,405.37) (121,405.37) (121,405.37) (121,405.37) (728,432.23)
Balances, December 31, 2024 578,246.59 578,246.59 578,246.59 578,246.59 578,246.59 578,246.59 3,469,479.55

Balances, January 1, 2025 578,246.59 578,246.59 578,246.59 578,246.59 578,246.59 578,246.59 3,469,479.55
Add: Share in Net Profit 281,777.09 281,777.09 281,777.09 281,777.09 281,777.09 281,777.09 1,690,662.54
Balance 860,023.68 860,023.68 860,023.68 860,023.68 860,023.68 860,023.68 5,160,142.09
Less: Withdrawals (140,888.54) (140,888.54) (140,888.54) (140,888.54) (140,888.54) (140,888.54) (845,331.27)
Balances, December 31, 2025 719,135.14 719,135.14 719,135.14 719,135.14 719,135.14 719,135.14 4,314,810.82

Balances, January 1, 2026 719,135.14 719,135.14 719,135.14 719,135.14 719,135.14 719,135.14 4,314,810.82
Add: Share in Net Profit 351,861.25 351,861.25 351,861.25 351,861.25 351,861.25 351,861.25 2,111,167.51
Balance 1,070,996.39 1,070,996.39 1,070,996.39 1,070,996.39 1,070,996.39 1,070,996.39 6,425,978.32
Less: Withdrawals (175,930.63) (175,930.63) (175,930.63) (175,930.63) (175,930.63) (175,930.63) (1,055,583.75)
Balances, December 31, 2026 895,065.76 895,065.76 895,065.76 895,065.76 895,065.76 895,065.76 5,370,394.57

Balances, January 1, 2027 895,065.76 895,065.76 895,065.76 895,065.76 895,065.76 895,065.76 5,370,394.57
Add: Share in Net Profit 389,696.44 389,696.44 389,696.44 389,696.44 389,696.44 389,696.44 2,338,178.65
Balance 1,284,762.20 1,284,762.20 1,284,762.20 1,284,762.20 1,284,762.20 1,284,762.20 7,708,573.22
Less: Withdrawals (194,848.22) (194,848.22) (194,848.22) (194,848.22) (194,848.22) (194,848.22) (1,169,089.32)
Balances, December 31, 2027 1,089,913.98 1,089,913.98 1,089,913.98 1,089,913.98 1,089,913.98 1,089,913.98 6,539,483.89
HEALTHY PALMS
PROJECTED STATEMENT OF CASH FLOW
FOR THE YEAR ENDED DECEMBER 31, 2023-2027
(AMOUNTS IN PHILIPPINE PESO)

Pre-Operating 2023 2024 2025 2026 2027

CASH FLOW FROM OPERATING ACTIVITIES

Received From Customers 6,423,798.50 7,082,237.85 7,808,167.23 9,018,433.15 10,416,290.28
Payment for Office Supplies (6,632.00) (4,876.20) (5,120.01) (5,376.01) (5,644.81)
Payment for Cleaning and Hygiene Supplies (2,629.00) (2,760.45) (2,898.47) (3,043.40) (3,195.57)
Payment for Direct Materials (3,050,084.44) (3,362,718.09) (3,707,396.70) (4,282,043.18) (4,945,759.88)
Payment for Kitchen Tools (9,208.96) (9,669.41) (10,152.88) (10,660.52) (11,193.55)
Payment for Kitchen Production Supplies (75,839.28) (79,631.24) (83,612.81) (87,793.45) (92,183.12)
Payment for Prepaid Rent (58,000.00) - - - - -
Payment for Salaries (684,936.00) (695,554.11) (700,607.62) (708,941.32) (997,525.28)
Payment for 13th Month Pay (61,600.00) (62,524.00) (63,461.86) (64,413.79) (89,579.08)
Payment for Utilities Expense (60,024.57) (68,482.58) (71,906.71) (75,502.04) (79,277.15)
Payment for Rent Expense (319,000.00) (365,400.00) (383,676.00) (402,864.00) (423,012.00)
Payment for SSS EC Premium (96,030.00) (104,760.00) (113,230.00) (116,475.00) (129,075.00)
Payment for Philhealth Premiums (27,104.00) (30,429.47) (33,955.94) (38,283.37) (52,489.19)
Payment for PAG-IBIG Premiums (11,000.00) (12,000.00) (12,000.00) (12,000.00) (12,000.00)
Payment for Permits and Licenses (15,332.90) (12,282.90) (12,282.90) (12,282.90) (12,282.90)
Payment for Advertising and Promotions (30,800.00) (32,340.00) (33,957.00) (35,654.85) (37,437.59)
Payment for VAT (271,102.02) (389,257.32) (429,156.20) (490,444.83) (566,463.78)
Income Taxes Paid (240,392.74) (353,293.00) (408,053.26) (501,510.32) (570,356.47)
NET CASH PROVIDED (USED) BY
OPERATING ACTIVITIES (152,309.24) 1,556,391.83 1,496,259.08 1,736,698.89 2,171,144.17 2,388,814.93

CASH FLOW FROM INVESTING ACTIVITIES

Cash Paid For Store and Office Equipment (55,407.00) - - - - -
Cash Paid For Store and Office Furniture and Fixtures (88,442.00) - - - - -
Cash Paid For Leasehold Improvement (83,750.80) - - - - -
Cash Paid For Kitchen Equipment (45,055.00) - - - - -
NET CASH PROVIDED (USED) BY INVESTING
ACTIVITIES (272,654.80) - - - - -

CASH FLOW FROM FINANCING ACTIVITIES

Cash Received from Partners' Capital Contribution 2,100,000.00
Cash Withdrawal of Partners for Personal Use - (641,047.32) (728,432.23) (845,331.27) (1,055,583.75) (1,169,089.32)
NET CASH PROVIDED (USED) BY FINANCING
ACTIVITIES 2,100,000.00 (641,047.32) (728,432.23) (845,331.27) (1,055,583.75) (1,169,089.32)

Net Cash provided (used) by Operating Activities (152,309.24) 1,556,391.83 1,496,259.08 1,736,698.89 2,171,144.17 2,388,814.93
Net Cash provided (used) by Investing Activities (272,654.80) - - - - -
Net Cash provided (used) by Financing Activities 2,100,000.00 (641,047.32) (728,432.23) (845,331.27) (1,055,583.75) (1,169,089.32)
NET INCREASE (DECREASE) IN CASH 1,675,035.96 915,344.51 767,826.84 891,367.62 1,115,560.42 1,219,725.60
CASH AT THE BEGINNING OF THE YEAR - 1,675,035.96 2,590,380.47 3,358,207.31 4,249,574.93 5,365,135.35
CASH AT THE END OF THE YEAR 1,675,035.96 2,590,380.47 3,358,207.31 4,249,574.93 5,365,135.35 6,584,860.96
INITIAL PROJECT COST

HEALTHY PALMS
TOTAL PROJECT COST
(AMOUNTS IN PHILIPPINE PESO)

Fixed Investments
Store and Office Equipment 55,407.00
Store and Office Furnitures & Fixtures 88,442.00
Kitchen Equipment 45,055.00
Leasehold Improvement 83,750.80
TOTAL FIXED INVESTMENTS 272,654.80

Initial Working Capital

Within the First 3 Months of Business:
Direct Materials Purchases 680,822.42
Salaries Expense 171,234.00
Employee Benefit 23,016.00
Utilities Expense 16,370.34
Kitchen Supplies 18,959.82 910,402.58
Kitchen Tools 9,208.96
Office Supplies 6,632.00
Advertising and Promotions 30,800.00
Cleaning and Hygiene Supplies 2,629.00
TOTAL INITIAL WOKING CAPITAL 959,672.54
Pre-Operating Expense
Permits and Licenses Expense 15,332.90
Prepaid Rent 58,000.00
TOTAL PRE-OPERATING EXPENSE 73,332.90

TOTAL 1,305,660.24
ADD: Contingency Fund 794,339.76
TOTAL PROJECT COST 2,100,000.00
 Depreciation Table

Store and Office Equipment

ESTIMATED
USEFUL SALVAGE
ITEMS TOTAL COST DEPRECIABLE DEPRECIATION
LIFE VALUE
AMOUNT
IN YEARS
POS Printer Set with Automatic Cash Drawer 12,480.00 10 700.00 11,780.00 1,178.00
Air Conditioning Unit 39,998.00 15 4,000.00 35,998.00 2,399.87
Biometrics Device 1,030.00 7 51.50 978.50 139.79
Printer 1,899.00 5 500.00 1,399.00 279.80

TOTAL 55,407.00 Depreciation -Store and Office Equipment 3,997.45

 Store and Office Furniture & Fixtures
ESTIMATED
SALVAGE DEPRECIABLE
ITEMS TOTAL COST USEFUL LIFE DEPRECIATION
VALUE AMOUNT
IN YEARS
Indoor Dining Set 27,594.00 5 500.00 27,094.00 5,418.80
Outdoor Dining Set 5,998.00 10 299.90 5,698.10 569.81
Office Table and Drawer Set 1,489.00 7 74.45 1,414.55 202.08
Office Chair 839.00 7 41.95 797.05 113.86
Floating Wooden Shelves 500.00 5 25.00 475.00 95.00
Artificial Hanging Plants 352.00 7 17.60 334.40 47.77
Hanging Plants With Vase 408.00 7 20.40 387.60 55.37
Wall Clock 298.00 5 14.90 283.10 56.62
Nordik Lights 1,561.00 5 100.00 1,461.00 292.20
DIY Long High Table 1,428.00 8 71.40 1,356.60 169.58
High Chairs 3,125.00 7 156.25 2,968.75 424.11
Counter Table 3,699.00 5 200.00 3,499.00 699.80
Ceiling Lights 3,120.00 5 200.00 2,920.00 584.00
Artificial Plants 1,495.00 7 74.75 1,420.25 202.89
Stainless Kitchen Table 2,199.00 15 500.00 1,699.00 113.27
Stainless Kitchen Rack 650.00 15 100.00 550.00 36.67
Floating Kitchen Shelves 4,396.00 5 219.80 4,176.20 835.24
Customized Metal Signage 9,990.00 10 499.50 9,490.50 949.05
LED Bulbs 483.00 14 24.15 458.85 32.78
Nordic Mirror 248.00 5 12.40 235.60 47.12
Scrabble Board Game 369.00 8 18.45 350.55 43.82
Snake and Ladder Board Game 183.00 8 9.15 173.85 21.73
Monopoly Board Game 165.00 8 8.25 156.75 19.59
Jengga Blocks 258.00 5 12.90 245.10 49.02
Sofa 14,990.00 10 749.50 14,240.50 1,424.05
Throw Pillows 445.00 5 22.25 422.75 84.55
Photo Tiles 2,100.00 10 105.00 1,995.00 199.50
Classic Uno Cards 60.00 5 3.00 57.00 11.40
TOTAL 88,442.00 Depreciation -Store and Office Furniture & Fixtures 12,799.67
 Leasehold Improvement
ESTIMATED
SALVAGE DEPRECIABLE
ITEMS TOTAL COST USEFUL LIFE DEPRECIATION
VALUE AMOUNT
IN YEARS
Wall 9,802.80 10 490.14 9,312.66 931.27
Tilework 51,560.00 15 2,578.00 48,982.00 3,265.47
Paint 2,400.00 5 - 2,400.00 480.00
Water 2,798.00 15 139.90 2,658.10 177.21
Electrical 17,190.00 20 859.50 16,330.50 816.53
TOTAL 83,750.80 Depreciation -Leasehold Improvement 5,670.46

Kitchen Equipment
ESTIMATED
SALVAGE DEPRECIABLE
ITEMS TOTAL COST USEFUL LIFE DEPRECIATION
VALUE AMOUNT
IN YEARS
4-Burner Gas Stove 2,897.00 13 300.00 2,597.00 199.77
Deep Fryer Gas Type 4,976.00 10 248.80 4,727.20 472.72
Air Fryer 1,699.00 5 84.95 1,614.05 322.81
2 Door Refrigerator 17,700.00 10 885.00 16,815.00 1,681.50
Wall Fan 1,000.00 5 50.00 950.00 190.00
Ceiling Mounted Exhaust Fan 2,998.00 10 149.90 2,848.10 284.81
Ice Box 890.00 10 44.50 845.50 84.55
Hot & Cold Water Dispenser 1,699.00 5 84.95 1,614.05 322.81
Tank 11,196.00 15 559.80 10,636.20 709.08
TOTAL 45,055.00 Depreciation -Kitchen Equipment 4,268.05
Schedule 1 -Direct Materials Purchases 2023 2024 2025 2026 2027
SNACKS
Number of Banana Balls (cheese) Sold Annually 8,131 8,538 8,964 9,861 10,847
Multiply: Cost Per Product 37.87 39.76 41.75 43.84 46.03
Subtotal 307,892.12 339,451.06 374,244.80 432,252.74 499,251.92
Number of Banana Balls (chocolate) Sold Annually 8,792 9,231 9,693 10,662 11,728
Multiply: Cost Per Product 32.90 34.54 36.27 38.08 39.99
Subtotal 289,236.40 318,883.13 351,568.65 406,061.79 469,001.37
Number of Tofu Siomai Sold Annually 19,078 20,032 21,034 23,137 25,451
Multiply: Cost Per Product 32.68 34.31 36.02 37.83 39.72
Subtotal 623,390.77 687,288.32 757,735.38 875,184.36 1,010,837.94
Number of Pizza Bites (Pepperoni & Cheese) Sold
Annually 9,290 9,755 10,242 11,266 12,393
Multiply: Cost Per Product 48.66 51.09 53.64 56.33 59.14
Subtotal 452,025.96 498,358.62 549,440.37 634,603.63 732,967.20
Number of Pizza Bites (Cheese) Sold Annually 8,293 8,708 9,143 10,058 11,063
Multiply: Cost Per Product 37.14 38.99 40.94 42.99 45.14
Subtotal 307,984.29 339,552.67 374,356.82 432,382.13 499,401.36
Number of Kangkong Chips Sold Annually 6,468 6,791 7,131 7,844 8,628
Multiply: Cost Per Product 18.91 19.86 20.85 21.89 22.99
Subtotal 122,304.86 134,841.11 148,662.33 171,704.99 198,319.26
DRINKS
Number of Cucumber Lemonade Sold Annually 24,555 25,783 27,072 29,779 32,757
Multiply: Cost Per Product 14.85 15.59 16.37 17.19 18.05
Subtotal 364,577.20 401,946.36 443,145.86 511,833.47 591,167.66
Number of Iced Tea Sold Annually 23,222 24,383 25,602 28,163 30,979
Multiply: Cost Per Product 12.49 13.12 13.77 14.46 15.19
Subtotal 290,130.11 319,868.45 352,654.96 407,316.48 470,450.54
Number of Juice in can Sold Annually 4,480 4,704 4,939 5,433 5,976
Multiply: Cost Per Product 32.41 34.03 35.73 37.51 39.39
Subtotal 145,174.98 160,055.41 176,461.09 203,812.56 235,403.51
Number of Bottled Water Sold Annually 7,795 8,184 8,594 9,453 10,398
Multiply: Cost Per Product 18.91 19.85 20.84 21.89 22.98
Subtotal 147,367.76 162,472.95 179,126.43 206,891.02 238,959.13
VATable Purchases 3,050,084.44 3,362,718.09 3,707,396.70 4,282,043.18 4,945,759.88
Less: Input Tax (326,794.76) (360,291.22) (397,221.07) (458,790.34) (529,902.84)
Direct Materials Purchases 2,723,289.68 3,002,426.87 3,310,175.62 3,823,252.84 4,415,857.03
 Schedule 2 -Direct Labor 2023 2024 2025 2026 2027
Annual Salaries Expense 300,000.00 304,500.00 309,067.50 313,703.51 318,409.07
13th Month Pay 25,000.00 25,375.00 25,755.63 26,141.96 26,534.09
Total Employee Benefits 37,140.00 37,140.00 40,794.02 41,682.59 44,620.23
Direct Labor 362,140.00 367,015.00 375,617.14 381,528.06 389,563.38

Schedule 3 -Total Overhead 2023 2024 2025 2026 2027

Utilities Expense Allocated for Production
Monthly Electricity 4,956.78 5,204.62 5,464.85 5,738.09 6,025.00
Monthly Water 500.00 525.00 551.25 578.81 607.75
Total Monthly Utilities 5,456.78 5,729.62 6,016.10 6,316.90 6,632.75
Multiply: Number of Months in a Year 12 12 12 12 12
Total Annual Utilities 65,481.35 68,755.42 72,193.19 75,802.85 79,592.99
Multiply: Allocated Production 60% 60% 60% 60% 60%
Utilities Expense Allocated for Production 39,288.81 41,253.25 43,315.91 45,481.71 47,755.80

Rent Expense Allocated for Production

Monthly Rent 29,000.00 30,450.00 31,973.00 33,572.00 35,251.00
Multiply: Number of Months in a Year 12 12 12 12 12
Total Annual Rent 348,000.00 365,400.00 383,676.00 402,864.00 423,012.00
Multiply: Allocated Production 60% 60% 60% 60% 60%
Rent Expense Allocated for Production 208,800.00 219,240.00 230,205.60 241,718.40 253,807.20
Depreciation - Kitchen Equipment
4-Burner Gas Stove 2,897.00 2,897.00 2,897.00 2,897.00 2,897.00
Less: Salvage Value (300.00) (300.00) (300.00) (300.00) (300.00)
Depreciable Amount 2,597.00 2,597.00 2,597.00 2,597.00 2,597.00
Depreciation 199.77 199.77 199.77 199.77 199.77
Deep Fryer Gas Type 4,976.00 4,976.00 4,976.00 4,976.00 4,976.00
Less: Salvage Value (248.80) (248.80) (248.80) (248.80) (248.80)
Depreciable Amount 4,727.20 4,727.20 4,727.20 4,727.20 4,727.20
Depreciation 472.72 472.72 472.72 472.72 472.72
Air Fryer 1,699.00 1,699.00 1,699.00 1,699.00 1,699.00
Less: Salvage Value (84.95) (84.95) (84.95) (84.95) (84.95)
Depreciable Amount 1,614.05 1,614.05 1,614.05 1,614.05 1,614.05
Depreciation 322.81 322.81 322.81 322.81 322.81
2 Door Refrigerator 17,700.00 17,700.00 17,700.00 17,700.00 17,700.00
Less: Salvage Value (885.00) (885.00) (885.00) (885.00) (885.00)
Depreciable Amount 16,815.00 16,815.00 16,815.00 16,815.00 16,815.00
Depreciation 1,681.50 1,681.50 1,681.50 1,681.50 1,681.50
Wall Fan 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
Less: Salvage Value (50.00) (50.00) (50.00) (50.00) (50.00)
Depreciable Amount 950.00 950.00 950.00 950.00 950.00
Depreciation 190.00 190.00 190.00 190.00 190.00
Ceiling Mounted Exhaust Fan 2,998.00 2,998.00 2,998.00 2,998.00 2,998.00
Less: Salvage Value (149.90) (149.90) (149.90) (149.90) (149.90)
Depreciable Amount 2,848.10 2,848.10 2,848.10 2,848.10 2,848.10
Depreciation 284.81 284.81 284.81 284.81 284.81
Ice Box 890.00 890.00 890.00 890.00 890.00
Less: Salvage Value (44.50) (44.50) (44.50) (44.50) (44.50)
Depreciable Amount 845.50 845.50 845.50 845.50 845.50
Depreciation 84.55 84.55 84.55 84.55 84.55
Hot & Cold Water Dispenser 1,699.00 1,699.00 1,699.00 1,699.00 1,699.00
Less: Salvage Value (84.95) (84.95) (84.95) (84.95) (84.95)
Depreciable Amount 1,614.05 1,614.05 1,614.05 1,614.05 1,614.05
Depreciation 322.81 322.81 322.81 322.81 322.81
Tank 11,196.00 11,196.00 11,196.00 11,196.00 11,196.00
Less: Salvage Value (559.80) (559.80) (559.80) (559.80) (559.80)
Depreciable Amount 10,636.20 10,636.20 10,636.20 10,636.20 10,636.20
Depreciation 709.08 709.08 709.08 709.08 709.08
Depreciation -Kitchen Equipment 4,268.05 4,268.05 4,268.05 4,268.05 4,268.05
Kitchen Tools Expense
Bowl Set 530.00 556.50 584.33 613.54 644.22
Measuring Spoon 156.60 164.43 172.65 181.28 190.35
Measuring Cup 309.96 325.46 341.73 358.82 376.76
Chopping Board 408.00 428.40 449.82 472.31 495.93
Saute Pan 998.00 1,047.90 1,100.30 1,155.31 1,213.08
Food Tong Set 360.00 378.00 396.90 416.75 437.58
Knife Set 358.00 375.90 394.70 414.43 435.15
Kitchenware Ladle Set 268.00 281.40 295.47 310.24 325.76
Caserole 718.00 753.90 791.60 831.17 872.73
Rotary Food Mill 558.60 586.53 615.86 646.65 678.98
Stainless Steel Tray 680.40 714.42 750.14 787.65 827.03
Kitchen Timer 75.00 78.75 82.69 86.82 91.16
Steamer 269.00 282.45 296.57 311.40 326.97
Food Container 600.00 630.00 661.50 694.58 729.30
Strainer 398.00 417.90 438.80 460.73 483.77
Mesh Strainer 176.00 184.80 194.04 203.74 213.93
Pitcher 485.00 509.25 534.71 561.45 589.52
Reusable Cup 320.40 336.42 353.24 370.90 389.45
Serving Tray 580.00 609.00 639.45 671.42 704.99
Plastic Wooden Plate (20cm) 600.00 630.00 661.50 694.58 729.30
Plastic Wooden Plate (14cm) 360.00 378.00 396.90 416.75 437.58
Total 9,208.96 9,669.41 10,152.88 10,660.52 11,193.55
Add: Previous Balance of Supplies - 920.90 1059.03 1121.19 1178.17
Less: Supplies on Hand at Year End (920.90) (1,059.03) (1,121.19) (1,178.17) (1,237.17)
Kitchen Tools Expense 8,288.06 9,531.28 10,090.72 10,603.54 11,134.55
Kitchen Production Supplies Expense
Plastic Gloves 598.00 627.90 659.30 692.26 726.87
Hairnet 50.00 52.50 55.13 57.88 60.78
Sanitary Mouth Mask 118.00 123.90 130.10 136.60 143.43
Dishwashing Liquid 170.00 178.50 187.43 196.80 206.64
Sponge 39.00 40.95 43.00 45.15 47.40
Trash Bag 328.00 344.40 361.62 379.70 398.69
Kitchen Paper Towel 199.00 208.95 219.40 230.37 241.89
Paper Towel Tissue 288.00 302.40 317.52 333.40 350.07
Disposable Wooden Fork 240.00 252.00 264.60 277.83 291.72
Plastic Cups with Flat Lid 380.00 399.00 418.95 439.90 461.89
Bending Straw 36.94 38.79 40.73 42.76 44.90
Paper Meal Box 324.00 340.20 357.21 375.07 393.82
Reasealable Pouch 429.00 450.45 472.97 496.62 521.45
LPG (Refill) 3,120.00 3,276.00 3,439.80 3,611.79 3,792.38
Monthly Total 6,319.94 6,635.94 6,967.73 7,316.12 7,681.93
Multiply: Number of Months in a Year 12 12 12 12 12
Total 75,839.28 79,631.24 83,612.81 87,793.45 92,183.12
Add: Previous Balance of Supplies - 7,583.93 8,721.52 9,233.43 9,702.69
Less: Supplies on Hand at Year End (7,583.93) (8,721.52) (9,233.43) (9,702.69) (10,188.58)
Kitchen Production Supplies Expense 68,255.35 78,493.66 83,100.89 87,324.19 91,697.23

Utilities Expense Allocated for Production 39,288.81 41,253.25 43,315.91 45,481.71 47,755.80
Rent Expense Allocated for Production 208,800.00 219,240.00 230,205.60 241,718.40 253,807.20
Depreciation -Kitchen Equipment 4,268.05 4,268.05 4,268.05 4,268.05 4,268.05
Kitchen Tools Expense 8,288.06 9,531.28 10,090.72 10,603.54 11,134.55
Kitchen Production Supplies Expense 68,255.35 78,493.66 83,100.89 87,324.19 91,697.23
Total Overhead 328,900.28 352,786.23 370,981.17 389,395.89 408,662.82
NOTES TO FINANCIAL PERFORMANCE
Note 1 -Sales 2023 2024 2025 2026 2027
SNACKS
Number of Banana Balls (cheese) Sold Annually 8,131 8,538 8,964 9,861 10,847
Multiply: Price Per Product 54.00 56.70 59.54 62.51 65.64
Subtotal 439,075.38 484,080.61 533,698.87 616,422.20 711,967.64
Number of Banana Balls (chocolate) Sold Annually 8,792 9,231 9,693 10,662 11,728
Multiply: Price Per Product 59.00 61.95 65.05 68.30 71.71
Subtotal 518,704.19 571,871.37 630,488.18 728,213.85 841,087.00
Number of Tofu Siomai Sold Annually 19,078 20,032 21,034 23,137 25,451
Multiply: Price Per Product 49.00 51.45 54.02 56.72 59.56
Subtotal 934,845.76 1,030,667.45 1,136,310.86 1,312,439.04 1,515,867.09
Number of Pizza Bites (Pepperoni & Cheese) Sold Annually 9,290 9,755 10,242 11,266 12,393
Multiply: Price Per Product 69.00 72.45 76.07 79.88 83.87
Subtotal 641,011.87 706,715.58 779,153.93 899,922.79 1,039,410.82
Number of Pizza Bites (Cheese) Sold Annually 8,293 8,708 9,143 10,058 11,063
Multiply: Price Per Product 69.00 72.45 76.07 79.88 83.87
Subtotal 572,228.44 630,881.85 695,547.24 803,357.06 927,877.41
Number of Kangkong Chips Sold Annually 6,468 6,791 7,131 7,844 8,628
Multiply: Price Per Product 49.00 51.45 54.02 56.72 59.56
Subtotal 316,911.83 349,395.29 385,208.31 444,915.60 513,877.51
DRINKS
Number of Cucumber Lemonade Sold Annually 24,555 25,783 27,072 29,779 32,757
Multiply: Price Per Product 59.00 61.95 65.05 68.30 71.71
Subtotal 1,448,757.80 1,597,255.48 1,760,974.16 2,033,925.16 2,349,183.56
Number of Iced Tea Sold Annually 23,222 24,383 25,602 28,163 30,979
Multiply: Price Per Product 49.00 51.45 54.02 56.72 59.56
Subtotal 1,137,881.19 1,254,514.01 1,383,101.70 1,597,482.46 1,845,092.24
Number of Juice in can Sold Annually 4,480 4,704 4,939 5,433 5,976
Multiply: Price Per Product 49.00 51.45 54.02 56.72 59.56
Subtotal 219,513.67 242,013.82 266,820.24 308,177.38 355,944.87
Number of Bottled Water Sold Annually 7,795 8,184 8,594 9,453 10,398
Multiply: Price Per Product 25.00 26.25 27.56 28.94 30.39
Subtotal 194,868.38 214,842.39 236,863.73 273,577.61 315,982.14
VATable Sales 6,423,798.50 7,082,237.85 7,808,167.23 9,018,433.15 10,416,290.28
Less: Output Tax (688,264.13) (758,811.20) (836,589.35) (966,260.69) (1,116,031.10)
Sales 5,735,534.38 6,323,426.65 6,971,577.88 8,052,172.45 9,300,259.18
Note 2 - Cost of Goods Sold 2023 2024 2025 2026 2027
DIRECT MATERIALS
Raw Materials Inventory, Beg - 54,465.79 61,137.85 67,426.27 77,813.58
Add: Direct Materials Purchases (Schedule 1) 2,723,289.68 3,002,426.87 3,310,175.62 3,823,252.84 4,415,857.03
Total Raw Materials Available for Use 2,723,289.68 3,056,892.66 3,371,313.47 3,890,679.11 4,493,670.62
Less: Raw Materials Inventory, Ending (54,465.79) (61,137.85) (67,426.27) (77,813.58) (89,873.41)
Direct Materials Used 2,668,823.88 2,995,754.81 3,303,887.20 3,812,865.53 4,403,797.20
Add: DIRECT LABOR (Schedule 2) 362,140.00 367,015.00 375,617.14 381,528.06 389,563.38
Add: OVERHEAD (Schedule 3) 328,900.28 352,786.23 370,981.17 389,395.89 408,662.82
Cost of Goods Sold 3,359,864.16 3,715,556.04 4,050,485.52 4,583,789.48 5,202,023.40

Note 3 - Compesation Expense 2023 2024 2025 2026 2027

Salaries Expense 439,200.00 445,788.00 452,474.82 459,261.94 756,539.94
13th Month Pay 36,600.00 37,149.00 37,706.24 38,271.83 63,044.99
SSS and EC Premiums Expense (Payroll) 42,540.00 42,540.00 44,760.00 46,560.00 51,390.00
PAGIBIG Premiums Expense (Payroll) 3,600.00 3,600.00 3,600.00 3,600.00 3,600.00
Philhealth Premiums Expense (Payroll) 8,784.00 9,253.89 10,180.68 11,481.55 18,913.50
Compensation Expense 530,724.00 538,330.89 548,721.74 559,175.32 893,488.43

Note 4 - Utilities Expense 2023 2024 2025 2026 2027

Monthly Electricity 4,956.78 5,204.62 5,464.85 5,738.09 6,025.00
Monthly Water 500.00 525.00 551.25 578.81 607.75
Total Monthly Utilities 5,456.78 5,729.62 6,016.10 6,316.90 6,632.75
Number of Months in a Year 12 12 12 12 12
Total Annual Utilities 65,481.35 68,755.42 72,193.19 75,802.85 79,592.99
Multiply: Allocated to Selling and Administrative 40% 40% 40% 40% 40%
Utilities Expense 26,192.54 27,502.17 28,877.28 30,321.14 31,837.20

Note 5 - Rent Expense 2023 2024 2025 2026 2027

Total Monthly Rent 29,000.00 30,450.00 31,973.00 33,572.00 35,251.00
Number of Months in a Year 12 12 12 12 12
Total Annual Rent 348,000.00 365,400.00 383,676.00 402,864.00 423,012.00
Multiply: Allocated to Selling and Administrative 40% 40% 40% 40% 40%
Rent Expense 139,200.00 146,160.00 153,470.40 161,145.60 169,204.80
Note 6 - Depreciation - Store and Office 2023 2024 2025 2026 2027
POS Printer Set with Automatic Cash Drawer 12,480.00 12,480.00 12,480.00 12,480.00 12,480.00
Less: Salvage Value (700.00) (700.00) (700.00) (700.00) (700.00)
Depreciable Amount 11,780.00 11,780.00 11,780.00 11,780.00 11,780.00
Depreciation 1,178.00 1,178.00 1,178.00 1,178.00 1,178.00
Air Conditioning Unit 39,998.00 39,998.00 39,998.00 39,998.00 39,998.00
Less: Salvage Value (4,000.00) (4,000.00) (4,000.00) (4,000.00) (4,000.00)
Depreciable Amount 35,998.00 35,998.00 35,998.00 35,998.00 35,998.00
Depreciation 2,399.87 2,399.87 2,399.87 2,399.87 2,399.87
Biometrics Device 1,030.00 1,030.00 1,030.00 1,030.00 1,030.00
Less: Salvage Value (51.50) (51.50) (51.50) (51.50) (51.50)
Depreciable Amount 978.50 978.50 978.50 978.50 978.50
Depreciation 139.79 139.79 139.79 139.79 139.79
Printer 1,899.00 1,899.00 1,899.00 1,899.00 1,899.00
Less: Salvage Value (500.00) (500.00) (500.00) (500.00) (500.00)
Depreciable Amount 1,399.00 1,399.00 1,399.00 1,399.00 1,399.00
Depreciation 279.80 279.80 279.80 279.80 279.80
Depreciation - Store & Office 3,997.45 3,997.45 3,997.45 3,997.45 3,997.45
Note 7 - Depreciation - Store and Office Furniture and
2023 2024 2025 2026 2027
Fixtures
Indoor Dining Set 27,594.00 27,594.00 27,594.00 27,594.00 27,594.00
Less: Salvage Value (500.00) (500.00) (500.00) (500.00) (500.00)
Depreciable Amount 27,094.00 27,094.00 27,094.00 27,094.00 27,094.00
Depreciation 5,418.80 5,418.80 5,418.80 5,418.80 5,418.80
Outdoor Dining Set 5,998.00 5,998.00 5,998.00 5,998.00 5,998.00
Less: Salvage Value (299.90) (299.90) (299.90) (299.90) (299.90)
Depreciable Amount 5,698.10 5,698.10 5,698.10 5,698.10 5,698.10
Depreciation 569.81 569.81 569.81 569.81 569.81
Office Table & Drawer Set 1,489.00 1,489.00 1,489.00 1,489.00 1,489.00
Less: Salvage Value (74.45) (74.45) (74.45) (74.45) (74.45)
Depreciable Amount 1,414.55 1,414.55 1,414.55 1,414.55 1,414.55
Depreciation 202.08 202.08 202.08 202.08 202.08
Office Chair 839.00 839.00 839.00 839.00 839.00
Less: Salvage Value (41.95) (41.95) (41.95) (41.95) (41.95)
Depreciable Amount 797.05 797.05 797.05 797.05 797.05
Depreciation 113.86 113.86 113.86 113.86 113.86
Floating Wooden Shelves 500.00 500.00 500.00 500.00 500.00
Less: Salvage Value (25.00) (25.00) (25.00) (25.00) (25.00)
Depreciable Amount 475.00 475.00 475.00 475.00 475.00
Depreciation 95.00 95.00 95.00 95.00 95.00
Artificial Hanging Plants 352.00 352.00 352.00 352.00 352.00
Less: Salvage Value (17.60) (17.60) (17.60) (17.60) (17.60)
Depreciable Amount 334.40 334.40 334.40 334.40 334.40
Depreciation 47.77 47.77 47.77 47.77 47.77
Hanging Plants with Vase 408.00 408.00 408.00 408.00 408.00
Less: Salvage Value (20.40) (20.40) (20.40) (20.40) (20.40)
Depreciable Amount 387.60 387.60 387.60 387.60 387.60
Depreciation 55.37 55.37 55.37 55.37 55.37
Wall Clock 298.00 298.00 298.00 298.00 298.00
Less: Salvage Value (14.90) (14.90) (14.90) (14.90) (14.90)
Depreciable Amount 283.10 283.10 283.10 283.10 283.10
Depreciation 56.62 56.62 56.62 56.62 56.62
Nordic Lights 1,561.00 1,561.00 1,561.00 1,561.00 1,561.00
Less: Salvage Value (100.00) (100.00) (100.00) (100.00) (100.00)
Depreciable Amount 1,461.00 1,461.00 1,461.00 1,461.00 1,461.00
Depreciation 292.20 292.20 292.20 292.20 292.20
DIY Long High Table 1,428.00 1,428.00 1,428.00 1,428.00 1,428.00
Less: Salvage Value (71.40) (71.40) (71.40) (71.40) (71.40)
Depreciable Amount 1,356.60 1,356.60 1,356.60 1,356.60 1,356.60
Depreciation 169.58 169.58 169.58 169.58 169.58
High Chairs 3,125.00 3,125.00 3,125.00 3,125.00 3,125.00
Less: Salvage Value (156.25) (156.25) (156.25) (156.25) (156.25)
 Depreciable Amount 2,968.75 2,968.75 2,968.75 2,968.75 2,968.75
Depreciation 424.11 424.11 424.11 424.11 424.11
Counter Table 3,699.00 3,699.00 3,699.00 3,699.00 3,699.00
Less: Salvage Value (200.00) (200.00) (200.00) (200.00) (200.00)
Depreciable Amount 3,499.00 3,499.00 3,499.00 3,499.00 3,499.00
Depreciation 699.80 699.80 699.80 699.80 699.80
Ceiling Lights 3,120.00 3,120.00 3,120.00 3,120.00 3,120.00
Less: Salvage Value (200.00) (200.00) (200.00) (200.00) (200.00)
Depreciable Amount 2,920.00 2,920.00 2,920.00 2,920.00 2,920.00
Depreciation 584.00 584.00 584.00 584.00 584.00
Artificial Plants 1,495.00 1,495.00 1,495.00 1,495.00 1,495.00
Less: Salvage Value (74.75) (74.75) (74.75) (74.75) (74.75)
Depreciable Amount 1,420.25 1,420.25 1,420.25 1,420.25 1,420.25
Depreciation 202.89 202.89 202.89 202.89 202.89
Stainless Kitchen Table 2,199.00 2,199.00 2,199.00 2,199.00 2,199.00
Less: Salvage Value (500.00) (500.00) (500.00) (500.00) (500.00)
Depreciable Amount 1,699.00 1,699.00 1,699.00 1,699.00 1,699.00
Depreciation 113.27 113.27 113.27 113.27 113.27
Stainless Kitchen Rack 650.00 650.00 650.00 650.00 650.00
Less: Salvage Value (100.00) (100.00) (100.00) (100.00) (100.00)
Depreciable Amount 550.00 550.00 550.00 550.00 550.00
Depreciation 36.67 36.67 36.67 36.67 36.67
Floating Kitchen Shelves 4,396.00 4,396.00 4,396.00 4,396.00 4,396.00
Less: Salvage Value (219.80) (219.80) (219.80) (219.80) (219.80)
Depreciable Amount 4,176.20 4,176.20 4,176.20 4,176.20 4,176.20
Depreciation 835.24 835.24 835.24 835.24 835.24
Customized Metal Signage 9,990.00 9,990.00 9,990.00 9,990.00 9,990.00
Less: Salvage Value (499.50) (499.50) (499.50) (499.50) (499.50)
Depreciable Amount 9,490.50 9,490.50 9,490.50 9,490.50 9,490.50
Depreciation 949.05 949.05 949.05 949.05 949.05
LED Bulbs 483.00 483.00 483.00 483.00 483.00
Less: Salvage Value (24.15) (24.15) (24.15) (24.15) (24.15)
Depreciable Amount 458.85 458.85 458.85 458.85 458.85
Depreciation 32.78 32.78 32.78 32.78 32.78
Nordic Mirror 248.00 248.00 248.00 248.00 248.00
Less: Salvage Value (12.40) (12.40) (12.40) (12.40) (12.40)
Depreciable Amount 235.60 235.60 235.60 235.60 235.60
Depreciation 47.12 47.12 47.12 47.12 47.12
Scrabble Board Game 369.00 369.00 369.00 369.00 369.00
Less: Salvage Value (18.45) (18.45) (18.45) (18.45) (18.45)
Depreciable Amount 350.55 350.55 350.55 350.55 350.55
Depreciation 43.82 43.82 43.82 43.82 43.82
Snake and Ladder Board Game 183.00 183.00 183.00 183.00 183.00
Less: Salvage Value (9.15) (9.15) (9.15) (9.15) (9.15)
 Depreciable Amount 173.85 173.85 173.85 173.85 173.85
Depreciation 21.73 21.73 21.73 21.73 21.73
Monopoly Board Game 165.00 165.00 165.00 165.00 165.00
Less: Salvage Value (8.25) (8.25) (8.25) (8.25) (8.25)
Depreciable Amount 156.75 156.75 156.75 156.75 156.75
Depreciation 19.59 19.59 19.59 19.59 19.59
Jengga Blocks 258.00 258.00 258.00 258.00 258.00
Less: Salvage Value (12.90) (12.90) (12.90) (12.90) (12.90)
Depreciable Amount 245.10 245.10 245.10 245.10 245.10
Depreciation 49.02 49.02 49.02 49.02 49.02
Sofa 14,990.00 14,990.00 14,990.00 14,990.00 14,990.00
Less: Salvage Value (749.50) (749.50) (749.50) (749.50) (749.50)
Depreciable Amount 14,240.50 14,240.50 14,240.50 14,240.50 14,240.50
Depreciation 1,424.05 1,424.05 1,424.05 1,424.05 1,424.05
Throw Pillows 445.00 445.00 445.00 445.00 445.00
Less: Salvage Value (22.25) (22.25) (22.25) (22.25) (22.25)
Depreciable Amount 422.75 422.75 422.75 422.75 422.75
Depreciation 84.55 84.55 84.55 84.55 84.55
Photo Tiles 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00
Less: Salvage Value (105.00) (105.00) (105.00) (105.00) (105.00)
Depreciable Amount 1,995.00 1,995.00 1,995.00 1,995.00 1,995.00
Depreciation 199.50 199.50 199.50 199.50 199.50
Classic Uno Cards 60.00 60.00 60.00 60.00 60.00
Less: Salvage Value (3.00) (3.00) (3.00) (3.00) (3.00)
Depreciable Amount 57.00 57.00 57.00 57.00 57.00
Depreciation 11.40 11.40 11.40 11.40 11.40
Depreciation - Store and Office Furniture and Fixtures 12,799.67 12,799.67 12,799.67 12,799.67 12,799.67
Note 8 - Depreciation - Leasehold Improvement 2023 2024 2025 2026 2027
Wall 9,802.80 9,802.80 9,802.80 9,802.80 9,802.80
Less: Salvage Value (490.14) (490.14) (490.14) (490.14) (490.14)
Depreciable Amount 9,312.66 9,312.66 9,312.66 9,312.66 9,312.66
Depreciation 931.27 931.27 931.27 931.27 931.27
Tilework 51,560.00 51,560.00 51,560.00 51,560.00 51,560.00
Less: Salvage Value (2,578.00) (2,578.00) (2,578.00) (2,578.00) (2,578.00)
Depreciable Amount 48,982.00 48,982.00 48,982.00 48,982.00 48,982.00
Depreciation 3,265.47 3,265.47 3,265.47 3,265.47 3,265.47
Paint 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00
Less: Salvage Value - - - - -
Depreciable Amount 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00
Depreciation 480.00 480.00 480.00 480.00 480.00
Water 2,798.00 2,798.00 2,798.00 2,798.00 2,798.00
Less: Salvage Value (139.90) (139.90) (139.90) (139.90) (139.90)
Depreciable Amount 2,658.10 2,658.10 2,658.10 2,658.10 2,658.10
Depreciation 177.21 177.21 177.21 177.21 177.21
Electrical 17,190.00 17,190.00 17,190.00 17,190.00 17,190.00
Less: Salvage Value (859.50) (859.50) (859.50) (859.50) (859.50)
Depreciable Amount 16,330.50 16,330.50 16,330.50 16,330.50 16,330.50
Depreciation 816.53 816.53 816.53 816.53 816.53
Depreciation - Leasehold Improvement 5,670.46 5,670.46 5,670.46 5,670.46 5,670.46

Note 9 - Office Supplies Expense 2023 2024 2025 2026 2027

Bond paper 2,256.00 2,368.80 2,487.24 2,611.60 2,742.18
Staple wire 468.00 491.40 515.97 541.77 568.86
Ballpen 216.00 226.80 238.14 250.05 262.55
Thermal paper 480.00 504.00 529.20 555.66 583.44
Ink (black) 360.00 378.00 396.90 416.75 437.58
Sticky note pad 864.00 907.20 952.56 1,000.19 1,050.20
Stapler 112.00 - - - -
Calculator 186.00 - - - -
Clear Book (for documents) 40.00 - - - -
Fire extinguisher 1,650.00 - - - -
Total 6,632.00 4,876.20 5,120.01 5,376.01 5,644.81
Add: Previous Balance of Supplies - 663.20 553.94 567.40 594.34
Less: Office Supplies on hand at year end (663.20) (553.94) (567.40) (594.34) (623.92)
Office Supplies Expense 5,968.80 4,985.46 5,106.56 5,349.06 5,615.24
Note 10 - Cleaning and Hygiene Supplies Expense 2023 2024 2025 2026 2027
Apron 350.00 367.50 385.88 405.17 425.43
Trash Bin 240.00 252.00 264.60 277.83 291.72
Broom with Dustpan Set 115.00 120.75 126.79 133.13 139.78
Tornado Mop 750.00 787.50 826.88 868.22 911.63
Basin 78.00 81.90 86.00 90.29 94.81
Rubber Mat 297.00 311.85 327.44 343.81 361.01
Dish Rack 640.00 672.00 705.60 740.88 777.92
Pot Holder 110.00 115.50 121.28 127.34 133.71
Kitchen Towel 49.00 51.45 54.02 56.72 59.56
Total 2,629.00 2,760.45 2,898.47 3,043.40 3,195.57
Add: Previous Balance of Supplies - 262.90 302.34 320.08 336.35
Less: Office Supplies on hand at year end (262.90) (302.34) (320.08) (336.35) (353.19)
Cleaning and Hygiene Supplies Expense 2,366.10 2,721.02 2,880.73 3,027.13 3,178.72

Note 11 - Permits and Licenses Expense 2023 2024 2025 2026 2027
Business Tax 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00
Business Plate/Sticker 50.00 - - - -
Mayor's Permit Fee 2,300.00 2,300.00 2,300.00 2,300.00 2,300.00
Annual Buidling Fees 120.00 120.00 120.00 120.00 120.00
Annual Electrical Fees 356.00 356.00 356.00 356.00 356.00
Annual Plumbing Fees 60.00 60.00 60.00 60.00 60.00
Barangay Clearance 500.00 500.00 500.00 500.00 500.00
Sanitary Permit Fee 200.00 200.00 200.00 200.00 200.00
Sanitary Inspection Fee 280.00 280.00 280.00 280.00 280.00
Waste Generation Fee 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
Fire Safety Inspection Ceritficate 966.90 966.90 966.90 966.90 966.90
BIR Registration (0605) 500.00 500.00 500.00 500.00 500.00
SEC Registarion 3,000.00 - - - -
Permits and Licenses Expense 15,332.90 12,282.90 12,282.90 12,282.90 12,282.90

Note 12 - Advertising and Promotion Expense 2023 2024 2025 2026 2027
Tarpaulins 800.00 840.00 882.00 926.10 972.41
Social Media 30,000.00 31,500.00 33,075.00 34,728.75 36,465.19
Advertising and Promotion Expense 30,800.00 32,340.00 33,957.00 35,654.85 37,437.59
NOTES TO FINANCIAL POSITION
Note 13 - Cash and Cash Equivalent 2023 2024 2025 2026 2027
Cash in Bank 2,570,380.47 3,338,207.31 4,229,574.93 5,345,135.35 6,564,860.96
Petty Cash 20,000.00 20,000.00 20,000.00 20,000.00 20,000.00
Cash 2,590,380.47 3,358,207.31 4,249,574.93 5,365,135.35 6,584,860.96

Note 14 - Office Supplies 2023 2024 2025 2026 2027

Beginning Balance 6,632.00 663.20 553.94 567.40 594.34
Add: Purchases - 4,876.20 5,120.01 5,376.01 5,644.81
Total 6,632.00 5,539.40 5,673.95 5,943.41 6,239.15
Less: Office Supplies Used (90%) (5,968.80) (4,985.46) (5,106.56) (5,349.06) (5,615.24)
Office Supplies 663.20 553.94 567.40 594.34 623.92

Note 15 - Cleaning and Hygiene Supplies 2023 2024 2025 2026 2027
Beginning Balance 2,629.00 262.90 302.34 320.08 336.35
Add: Purchases - 2,760.45 2,898.47 3,043.40 3,195.57
Total 2,629.00 3,023.35 3,200.81 3,363.48 3,531.91
Less: Office Supplies Used (90%) (2,366.10) (2,721.02) (2,880.73) (3,027.13) (3,178.72)
Cleaning and Hygiene Supplies 262.90 302.34 320.08 336.35 353.19

Note 16 - Kitchen Tools Supplies 2023 2024 2025 2026 2027

Beginning Balance 9,208.96 920.90 1,059.03 1,121.19 1,178.17
Add: Purchases - 9,669.41 10,152.88 10,660.52 11,193.55
Total 9,208.96 10,590.30 11,211.91 11,781.71 12,371.72
Less: Office Supplies Used (90%) (8,288.06) (9,531.27) (10,090.72) (10,603.54) (11,134.55)
Kitchen Tools Supplies 920.90 1,059.03 1,121.19 1,178.17 1,237.17

Note 17 - Kitchen Production Supplies 2023 2024 2025 2026 2027

Beginning Balance 75,839.28 7,583.93 8,721.52 9,233.43 9,702.69
Add: Purchases - 79,631.24 83,612.81 87,793.45 92,183.12
Total 75,839.28 87,215.17 92,334.32 97,026.88 101,885.81
Less: Office Supplies Used (90%) (68,255.35) (78,493.65) (83,100.89) (87,324.19) (91,697.23)
Kitchen Production Supplies 7,583.93 8,721.52 9,233.43 9,702.69 10,188.58
Note 18 - Prepaid Rent 2023 2024 2025 2026 2027
1 month advance payment 29,000.00 - - - -
1 month deposit payment 29,000.00 29,000.00 29,000.00 29,000.00 29,000.00
Prepaid Rent 58,000.00 29,000.00 29,000.00 29,000.00 29,000.00

Note 19 - Store and Office Equipment (Net) 2023 2024 2025 2026 2027
POS Printer Set with Automatic Cash Drawer 12,480.00 12,480.00 12,480.00 12,480.00 12,480.00
Air Conditioning Unit 39,998.00 39,998.00 39,998.00 39,998.00 39,998.00
Biometrics Device 1,030.00 1,030.00 1,030.00 1,030.00 1,030.00
Printer 1,899.00 1,899.00 1,899.00 1,899.00 1,899.00
Total Price 55,407.00 55,407.00 55,407.00 55,407.00 55,407.00
Less: Accumulated Depreciation - (3,997.45) (7,994.90) (11,992.36) (15,989.81)
Less: Current Year's Depreciation (3,997.45) (3,997.45) (3,997.45) (3,997.45) (3,997.45)
Store and Office Equipment (Net) 51,409.55 47,412.10 43,414.64 39,417.19 35,419.74
Note 20 - Store and Office Equipment Furniture and
2023 2024 2025 2026 2027
Fixtures (Net)
Indoor Dining Set 27,594.00 27,594.00 27,594.00 27,594.00 27,594.00
Outdoor Dining Set 5,998.00 5,998.00 5,998.00 5,998.00 5,998.00
Office Table and Drawer Set 1,489.00 1,489.00 1,489.00 1,489.00 1,489.00
Office Chair 839.00 839.00 839.00 839.00 839.00
Floating Wooden Shelves 500.00 500.00 500.00 500.00 500.00
Artificial Hanging Plants 352.00 352.00 352.00 352.00 352.00
Hanging Plants With Vase 408.00 408.00 408.00 408.00 408.00
Wall Clock 298.00 298.00 298.00 298.00 298.00
Nordik Lights 1,561.00 1,561.00 1,561.00 1,561.00 1,561.00
DIY Long High Table 1,428.00 1,428.00 1,428.00 1,428.00 1,428.00
High Chairs 3,125.00 3,125.00 3,125.00 3,125.00 3,125.00
Counter Table 3,699.00 3,699.00 3,699.00 3,699.00 3,699.00
Ceiling Lights 3,120.00 3,120.00 3,120.00 3,120.00 3,120.00
Artificial Plants 1,495.00 1,495.00 1,495.00 1,495.00 1,495.00
Stainless Kitchen Table 2,199.00 2,199.00 2,199.00 2,199.00 2,199.00
Stainless Kitchen Rack 650.00 650.00 650.00 650.00 650.00
Floating Kitchen Shelves 4,396.00 4,396.00 4,396.00 4,396.00 4,396.00
Customized Metal Signage 9,990.00 9,990.00 9,990.00 9,990.00 9,990.00
LED Bulbs 483.00 483.00 483.00 483.00 483.00
Nordic Mirror 248.00 248.00 248.00 248.00 248.00
Scrabble Board Game 369.00 369.00 369.00 369.00 369.00
Snake and Ladder Board Game 183.00 183.00 183.00 183.00 183.00
Monopoly Board Game 165.00 165.00 165.00 165.00 165.00
Jengga Blocks 258.00 258.00 258.00 258.00 258.00
Sofa 14,990.00 14,990.00 14,990.00 14,990.00 14,990.00
Throw Pillows 445.00 445.00 445.00 445.00 445.00
Photo Tiles 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00
Classic Uno Cards 60.00 60.00 60.00 60.00 60.00
Total Price 88,442.00 88,442.00 88,442.00 88,442.00 88,442.00
Less: Accumulated Depreciation - (12,799.67) (25,599.35) (38,399.02) (51,198.69)
Less: Current Year's Depreciation (12,799.67) (12,799.67) (12,799.67) (12,799.67) (12,799.67)
Store and Office Equipment Furnitures and
Equipments (Net) 75,642.33 62,842.65 50,042.98 37,243.31 24,443.64
Note 21 - Leasehold Improvement (Net) 2023 2024 2025 2026 2027
Wall 9,802.80 9,802.80 9,802.80 9,802.80 9,802.80
Tilework 51,560.00 51,560.00 51,560.00 51,560.00 51,560.00
Paint 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00
Water 2,798.00 2,798.00 2,798.00 2,798.00 2,798.00
Electrical 17,190.00 17,190.00 17,190.00 17,190.00 17,190.00
Total Price 83,750.80 83,750.80 83,750.80 83,750.80 83,750.80
Less: Accumulated Depreciation - (5,670.46) (11,340.93) (17,011.39) (22,681.86)
Less: Current Year's Depreciation (5,670.46) (5,670.46) (5,670.46) (5,670.46) (5,670.46)
Leasehold Improvement (Net) 78,080.34 72,409.87 66,739.41 61,068.94 55,398.48

Note 22 - Kitchen Equipment (Net) 2023 2024 2025 2026 2027

4-Burner Gas Stove 2,897.00 2,897.00 2,897.00 2,897.00 2,897.00
Deep Fryer Gas Type 4,976.00 4,976.00 4,976.00 4,976.00 4,976.00
Air Fryer 1,699.00 1,699.00 1,699.00 1,699.00 1,699.00
2 Door Refrigerator 17,700.00 17,700.00 17,700.00 17,700.00 17,700.00
Wall Fan 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
Ceiling Mounted Exhaust Fan 2,998.00 2,998.00 2,998.00 2,998.00 2,998.00
Ice Box 890.00 890.00 890.00 890.00 890.00
Hot & Cold Water Dispenser 1,699.00 1,699.00 1,699.00 1,699.00 1,699.00
Tank 11,196.00 11,196.00 11,196.00 11,196.00 11,196.00
Total Price 45,055.00 45,055.00 45,055.00 45,055.00 45,055.00
Less: Accumulated Depreciation - (4,268.05) (8,536.10) (12,804.15) (17,072.20)
Less: Current Year's Depreciation (4,268.05) (4,268.05) (4,268.05) (4,268.05) (4,268.05)
Kitchen Equipment (Net) 40,786.95 36,518.90 32,250.85 27,982.80 23,714.75

Note 23 - Utilities Payable 2023 2024 2025 2026 2027

Monthly Electricity 4,956.78 5,204.62 5,464.85 5,738.09 6,025.00
Monthly Water 500.00 525.00 551.25 578.81 607.75
Utilities Payable 5,456.78 5,729.62 6,016.10 6,316.90 6,632.75

Note 24 - SSS and EC Premiums Payable 2023 2024 2025 2026 2027
SSS Employee's Share (Payroll) 2,790.00 2,790.00 3,150.00 3,225.00 3,712.50
SSS Employer's Share (Payroll) 5,890.00 5,890.00 6,300.00 6,450.00 7,087.50
EC Employer's Share (Payroll) 50.00 50.00 50.00 50.00 50.00
SSS and EC Premiums Expense 8,730.00 8,730.00 9,500.00 9,725.00 10,850.00
Note 25 - Philhealth Premiums Payable 2023 2024 2025 2026 2027
Employee's Share (Payroll) 1,232.00 1,271.16 1,427.89 1,610.34 2,239.48
Employer's Share (Payroll) 1,232.00 1,271.16 1,427.89 1,610.34 2,239.48
Philhealth Premiums Expense 2,464.00 2,542.32 2,855.78 3,220.69 4,478.95

Note 26 - PAG-IBIG Premiums Payable 2023 2024 2025 2026 2027

Employee's Share (Payroll) 500.00 500.00 500.00 500.00 500.00
Employer's Share (Payroll) 500.00 500.00 500.00 500.00 500.00
PAG-IBIG Premiums Expense 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00

Note 27 - Income Tax Payable 2023 2024 2025 2026 2027

Income Tax of the Current Year 320,523.66 364,216.12 422,665.63 527,791.88 584,544.66
Income Tax of the Previous Year - 80,130.91 91,054.03 105,666.41 131,947.97
Less: Portion Paid (240,392.74) (353,293.00) (408,053.26) (501,510.32) (570,356.47)
Income Tax Payable 80,130.91 91,054.03 105,666.41 131,947.97 146,136.17

Note 28 - VAT Payable 2023 2024 2025 2026 2027

Output Tax 688,264.13 758,811.20 836,589.35 966,260.69 1,116,031.10
Less: Input Tax (326,794.76) (360,291.22) (397,221.07) (458,790.34) (529,902.84)
Tax due for the Year 361,469.36 398,519.97 439,368.27 507,470.35 586,128.26
Add: Payable from Previous Period - 90,367.34 99,629.99 109,842.07 126,867.59
Less: Portion Paid (271,102.02) (389,257.32) (429,156.20) (490,444.83) (566,463.78)
VAT Payable 90,367.34 99,629.99 109,842.07 126,867.59 146,532.06