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This document contains projected balance sheets for Sa Akong Heart Resto for the pre-operating period and years 2014-2018. The balance sheets show increasing assets such as cash, inventory, and equipment over the years as the business grows. Liabilities like taxes payable also increase each year. Owner's equity grows each year through retained earnings as the business is profitable.

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146 views2 pages

Sample Format FS

This document contains projected balance sheets for Sa Akong Heart Resto for the pre-operating period and years 2014-2018. The balance sheets show increasing assets such as cash, inventory, and equipment over the years as the business grows. Liabilities like taxes payable also increase each year. Owner's equity grows each year through retained earnings as the business is profitable.

Uploaded by

tanglaolynette
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Exhibit 1

Sa Akong Heart Resto


Projected Balance Sheet

Pre-operating Period 2014 2015


ASSETS
Current Assets
Cash 197,814.95 1,363,303.81 1,946,008.34
Inventories-Sch 4 - 64,245.60 67,457.88
Prepaid Rent 240,000.00 - -
Total 437,814.95 1,363,303.81 1,946,008.34
Tangible Assets
Kitchen Equipment and Tools 660,549.18 660,549.18 660,549.18
Less: Accumulated Depreciation - 59,449.43 118,898.85
Net Book Value 660,549.18 601,099.75 541,650.33
Auxiliary Equipment 55,895.00 55,895.00 55,895.00
Less: Accumulated Depreciation - 10,061.10 20,122.20
Net Book Value 55,895.00 45,833.90 35,772.80
Furnitures and Fixtures 168,299.60 168,299.60 168,299.60
Less: Accumulated Depreciation - 30,293.93 60,587.86
Net Book Value 168,299.60 138,005.67 107,711.74
Total 884,743.78 784,939.33 685,134.87
INTANGIBLE ASSETS
Leasehold Amortization 72,550.00 72,550.00 72,550.00
Less: Accumulated Amortization - 14,510.00 29,020.00
Net Book Value 72,550.00 58,040.00 43,530.00
TOTAL ASSETS 1,395,108.73 2,040,492.22 2,505,948.87

LIABILITIES AND CAPITAL


Current Liabilities
SSS Premium Payable - 122,142.00 122,142.00
PhilHealth Premium Payable - 19,650.00 19,650.00
VAT Payable-Sch 13 - 281,376.11 292,506.03
Total 423,168.11 434,298.03
CAPITAL
Beginning Balance 1,395,108.73 1,227,967.19 1,613,040.07
Add: Net Income for the Year - 389,356.92 458,610.78
Ending Balance 1,395,108.73 1,617,324.11 2,071,650.85
TOTAL LIABILITIES AND CAPITAL 1,395,108.73 2,040,492.22 2,505,948.87
2016 2017 2018

2,581,924.48 3,177,777.12 3,817,085.15


70,830.77 74,372.31 78,090.93
- - -
2,581,924.48 3,177,777.12 3,817,085.15

660,549.18 660,549.18 660,549.18


178,348.28 237,797.70 297,247.13
482,200.90 422,751.48 363,302.05
55,895.00 55,895.00 55,895.00
30,183.30 40,244.40 50,305.50
25,711.70 15,650.60 5,589.50
168,299.60 168,299.60 168,299.60
90,881.78 121,175.71 151,469.64
77,417.82 47,123.89 16,829.96
585,330.42 485,525.96 385,721.51

72,550.00 72,550.00 72,550.00


43,530.00 58,040.00 72,550.00
29,020.00 14,510.00 -
3,034,058.98 3,677,813.08 4,202,806.66

122,142.00 134,433.60 134,433.60


19,650.00 20,250.00 20,250.00
303,589.60 309,890.94 320,684.86
445,381.60 464,574.54 475,368.46

2,076,808.65 2,749,542.68 3,211,887.92


511,868.73 463,695.86 515,550.28
2,588,677.38 3,213,238.54 3,727,438.20
3,034,058.98 3,677,813.08 4,202,806.66

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