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    Exhibit 1

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    jeffblake1216
    The document contains projected financial statements for a business over 5 years, including an income statement, balance sheet, statement of cash flows, and statement of owner's equity. It shows increasing sales, profits, assets and owner's equity each year as the business grows. Cash flows are positive every year due to growing profits exceeding withdrawals by the owners.

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    © All Rights Reserved
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    Exhibit 1

    Uploaded by

    jeffblake1216
    15 views9 pages
    The document contains projected financial statements for a business over 5 years, including an income statement, balance sheet, statement of cash flows, and statement of owner's equity. It shows increasing sales, profits, assets and owner's equity each year as the business grows. Cash flows are positive every year due to growing profits exceeding withdrawals by the owners.

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    Exhibit-1

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    The document contains projected financial statements for a business over 5 years, including an income statement, balance sheet, statement of cash flows, and statement of owner's equity. It shows increasing sales, profits, assets and owner's equity each year as the business grows. Cash flows are positive every year due to growing profits exceeding withdrawals by the owners.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    15 views9 pages

    Exhibit 1

    Uploaded by

    jeffblake1216
    The document contains projected financial statements for a business over 5 years, including an income statement, balance sheet, statement of cash flows, and statement of owner's equity. It shows increasing sales, profits, assets and owner's equity each year as the business grows. Cash flows are positive every year due to growing profits exceeding withdrawals by the owners.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 9

    Exhibit 1: Projected Statement of Financial Position

    INCOME STATEMENT
    YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

    SALES REVENUE ₱ 53,913,600.00 ₱ 56,609,280.00 ₱ 59,439,744.00 ₱ 62,411,731.20 ₱ 65,532,317.76


    COST OF SALES 51,200,396.88 53,710,466.05 56,292,956.79 59,030,157.99 61,874,464.60
    GROSS PROFIT ₱ 2,713,203.12 ₱ 2,898,813.95 ₱ 3,146,787.21 ₱ 3,381,573.21 ₱ 3,657,853.16

    SELLING & ADMINISTRATIVE EXPENSES


    Salaries Expense ₱ 898,040.00 ₱ 898,040.00 ₱ 898,040.00 ₱ 889,480.80 ₱ 889,480.80
    SSS Expense 61,530.00 61,530.00 61,530.00 65,100.00 65,100.00
    PhilHealth Expense 18,111.60 18,111.60 20,124.00 20,526.48 20,526.48
    PAG IBIG Expense 8,400.00 8,400.00 8,400.00 8,400.00 8,400.00
    Supplies Expense 8,061.60 8,464.68 8,887.91 9,332.31 9,798.93
    Advertising Expense 12,430.00 12,930.00 13,455.00 14,006.25 14,585.06
    Depreciation Expense 19,960.00 19,960.00 19,960.00 19,960.00 19,960.00
    Repair and Maintenance 222.50 233.63 245.31 257.57 270.45
    Utilities Expense 202,354.56 212,472.29 223,095.90 234,250.70 245,963.23
    Permit and Licenses 4,715.00 4,715.00 4,715.00 4,715.00 4,715.00
    Training and Seminars 50,000.00 - 50,000.00 - 50,000.00
    Communication Expense 16,788.00 16,788.00 16,788.00 16,788.00 16,788.00
    Other Expenses 15,000.00 - - - -
    TOTAL OPERATING EXPENSE ₱ 1,315,613.26 ₱ 1,261,645.19 ₱ 1,325,241.12 ₱ 1,282,817.11 ₱ 1,345,587.95

    NET INCOME BEFORE TAX ₱ 1,397,589.86 ₱ 1,637,168.76 ₱ 1,821,546.08 ₱ 2,098,756.10 ₱ 2,312,265.21


    LESS: INCOME TAX 279,517.97 327,433.75 364,309.22 419,751.22 462,453.04
    NET INCOME AFTER TAX ₱ 1,118,071.89 ₱ 1,309,735.01 ₱ 1,457,236.87 ₱ 1,679,004.88 ₱ 1,849,812.16
    Exhibit 2: Financial Statement of Financial Position
    PROJECTED BALANCE SHEET
    YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5
    CURRENT ASSETS
    Cash 1,939,010.87 2,871,036.22 3,944,536.74 4,948,013.38 6,038,383.48
    Inventory 1,941,917.28 2,039,013.15 2,140,963.80 2,248,011.99 2,360,412.59
    Total Current Assets 3,880,928.15 4,910,049.36 6,085,500.54 7,196,025.38 8,398,796.07

    Non Current Assets


    Property, Plant and Equipment 17,843,300.00 17,843,300.00 17,843,300.00 17,843,300.00 17,843,300.00
    Accumulated Depreciation (873,860.00 ) (1,747,720.00 ) (2,621,580.00 ) (3,495,440.00 ) (4,369,300.00 )
    Total Non Current Assets 16,969,440.00 16,095,580.00 15,221,720.00 14,347,860.00 13,474,000.00
    Total Assets 20,850,368.15 21,005,629.36 21,307,220.54 21,543,885.38 21,872,796.07

    Current Liabilities
    SSS Payable 18,955.00 18,955.00 18,955.00 20,060.00 20,060.00
    PhilHealth Payable 6,949.80 6,949.80 7,722.00 7,876.44 7,876.44
    PAGIBIG Payable 3,400.00 3,400.00 3,400.00 3,400.00 3,400.00
    Income / Percentage Tax Payable 1,444,114.29 1,516,320.00 1,592,136.00 1,671,742.80 1,755,329.94
    Total Current Liabilities 1,473,419.09 1,545,624.80 1,622,213.00 1,703,079.24 1,786,666.38

    Partners' Capital 19,376,949.07 19,460,004.56 19,685,007.54 19,840,806.14 20,086,129.69


    Total Owner's Equity 19,376,949.07 19,460,004.56 19,685,007.54 19,840,806.14 20,086,129.69

    Total Liabilities and Owner's Equity 20,850,368.15 21,005,629.36 21,307,220.54 21,543,885.38 21,872,796.07
    Exhibit 3: Projected Statement of Cashflows
    PROJECTED STATEMENT OF CASH FLOWS
    YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5
    Operating Activities:
    Net income ₱ 1,118,071.89 ₱ 1,309,735.01 ₱ 1,457,236.87 ₱ 1,679,004.88 ₱ 1,849,812.16
    Add: Depreciation Expense - Selling & Administrative 19,960.00 19,960.00 19,960.00 19,960.00 19,960.00
    Depreciation Expense - Manufacturing 853,900.00 853,900.00 853,900.00 853,900.00 853,900.00
    Cash Income 1,991,931.89 2,183,595.01 2,331,096.87 2,552,864.88 2,723,672.16
    Increase/Decrease of Assets & Liabilities:
    Increase in Inventory (1,941,917.28 ) (97,095.86 ) (101,950.66 ) (107,048.19 ) (112,400.60 )
    Increase in SSS Payable 18,955.00 - - 1,105.00 -
    Increase in PhilHealth Payable 6,949.80 0.00 772.20 154.44 0.00
    Increase in PAG-IBIG Payable 3,400.00 - - - -
    Net cash Provided by Operating Activities 1,523,433.69 2,158,704.86 2,305,734.41 2,526,682.93 2,694,858.70

    Investing Activities: (Increase)/Decrease


    Acquisition of Land (1,000,000.00 ) - - - -
    Construction of Building (16,632,000.00 ) - - - -
    Acquisition of Machineries & Equipment (197,700.00 ) - - - -
    Acquisition of Furnitures & Fixture (13,600.00 ) - - - -
    Net Cash Provided by Investing Activities (17,843,300.00 ) - - - -

    Financing Activities: Increase/(Decrease)


    Owners' Investment 19,153,334.69 - - - -
    Owners' Withdrawal (894,457.51 ) (1,226,679.51 ) (1,232,233.89 ) (1,523,206.28 ) (1,604,488.61 )
    Net cash Provided by Financing Activities 18,258,877.17 (1,226,679.51 ) (1,232,233.89 ) (1,523,206.28 ) (1,604,488.61 )

    Net increase/decrease in cash 1,939,010.87 932,025.35 1,073,500.52 1,003,476.65 1,090,370.10


    Add: Cash, Beginning - 1,939,010.87 2,871,036.22 3,944,536.74 4,948,013.38
    Cash, Ending ₱ 1,939,010.87 ₱ 2,871,036.22 ₱ 3,944,536.74 ₱ 4,948,013.38 ₱ 6,038,383.48

    ₱ 2,871,036.22
    ₱ 3,944,536.74
    ₱ 4,948,013.38
    ₱ 6,038,383.48
    Exhibit 4: Projected Statement of Owner’s Equity
    PROJECTED STATEMENT OF OWNERS' EQUITY
    YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5
    Partners' Beg. Capital ₱ 19,153,334.69 ₱ 19,376,949.07 ₱ 19,460,004.56 ₱ 19,685,007.54 ₱ 19,840,806.14
    Add: Net Income/(loss) 1,118,071.89 1,309,735.01 1,457,236.87 1,679,004.88 1,849,812.16
    Total 20,271,406.58 20,686,684.07 20,917,241.43 21,364,012.42 21,690,618.30
    Less: Withdrawal 894,457.51 1,226,679.51 1,232,233.89 1,523,206.28 1,604,488.61
    Partners' Ending Capital ₱ 19,376,949.07 ₱ 19,460,004.56 ₱ 19,685,007.54 ₱ 19,840,806.14 ₱ 20,086,129.69

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