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Projected Inc
For the Year Ended
Sales Volume
Selling Price
Cost
33,333
250
180
J
Revenues:
Net Sales
Cost of Sales
Gross Profit
Operating Expenses:
Salaries & Wages
Contract Labor
SSS, Philhealth, Pag-ibig
Employee Relations
Security Services
Property Insurance (0.2-1%)
Depreciation
Repairs & Maintenance
Utilities
Office Supplies
Taxes & Licenses
Property Taxes
Legal
Donation
Miscellaenous
Total Expenses
Operating Profit
Interest Income
Interest Expense
Net income before taxes
Income Taxes
Net Income after taxes
Loan Payable
Building
Machinery
Computers
33,333
100,000
100,000
8,333,250
5,999,940
2,333,310
8,333,250
5,999,940
2,333,310
25,000,000
18,000,000
7,000,000
25,000,000
18,000,000
7,000,000
1,083,333
9,858
20,000
29,574
17,100
49,677
15,000
50,000
110,000
131,250
5,000
1,520,792
812,518
83,333
729,185
233,339
495,846
1,083,333
9,858
20,000
29,574
1,083,333
9,858
20,000
29,574
1,083,333
9,858
20,000
100,000
29,574
49,677
15,000
50,000
10,000
31,250
5,000
1,303,692
1,029,618
83,333
946,285
302,811
643,474
49,677
15,000
50,000
10,000
93,750
28,000
5,000
20,000
1,414,192
5,585,808
83,333
5,502,475
1,760,792
3,741,683
49,677
15,000
50,000
10,000
93,750
5,000
1,466,192
5,533,808
83,333
5,450,475
1,744,152
3,706,323
10,000,000
10,000,000
10,000,000
10,000,000
Cost
Salvage value
Dep. Cost
Useful life
5,000,000
250,000
4,750,000
20
2,000,000
100,000
1,900,000
10
150,000
7,500
142,500
4
400,000
1,000,000
Annual Depreciation
Monthly Depreciation
8,550,000
20,000
50,000
380,000
950,000
10
10
ABC Company
Projected Income Statement
For the Year Ended December 31, 2014
300,000
50,000
33,334
33,333
33,333
33,334
75,000,000
54,000,000
21,000,000
12,500,000
9,000,000
3,500,000
8,333,500
6,000,120
2,333,380
8,333,250
5,999,940
2,333,310
8,333,250
5,999,940
2,333,310
8,333,500
6,000,120
2,333,380
1,083,333
9,858
20,000
29,574
1,083,333
9,858
20,000
20,000
29,574
1,083,333
9,858
20,000
29,574
1,083,333
9,858
20,000
29,574
1,083,333
9,858
20,000
29,574
1,083,333
9,858
20,000
20,000
29,574
49,677
15,000
50,000
10,000
281,250
5,000
1,553,692
19,446,308
83,333
19,362,975
6,196,152
13,166,823
49,677
15,000
50,000
10,000
46,875
28,000
5,000
10,000
20,000
1,397,317
2,102,683
83,333
2,019,350
646,192
1,373,158
49,677
15,000
50,000
10,000
31,251
5,000
1,303,693
1,029,687
83,333
946,354
302,833
643,521
49,677
15,000
50,000
10,000
31,250
5,000
10,000
1,313,692
1,019,618
83,333
936,285
299,611
636,674
49,677
15,000
50,000
10,000
31,250
28,000
5,000
20,000
1,351,692
981,618
83,333
898,285
287,451
610,834
49,677
15,000
50,000
10,000
31,251
5,000
10,000
1,333,693
999,687
83,333
916,354
293,233
623,121
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
Depreciation
237,500
190,000
35,625
38,000
95,000
596,125
49,677
50,000
200,000
1,000,000
Total
12,500,000
9,000,000
3,500,000
50,000,000
36,000,000
14,000,000
250,000,000
180,000,000
70,000,000
1,083,333
9,858
20,000
100,000
29,574
1,083,337
9,862
20,000
29,574
49,677
15,000
50,000
10,000
46,875
5,000
1,419,317
2,080,683
83,333
1,997,350
639,152
1,358,198
49,678
15,000
50,000
10,000
187,500
28,000
5,000
10,000
20,000
1,517,951
12,482,049
83,337
12,398,712
3,967,588
8,431,124
13,000,000
118,300
240,000
240,000
354,888
17,100
596,125
180,000
600,000
220,000
1,037,500
112,000
60,000
40,000
80,000
16,895,913
53,104,087
1,000,000
52,104,087
16,673,306
35,430,781
10,000,000
10,000,000
ABC Co
Projected Inc
For the Year Ended
Sales Volume
Selling Price
Cost
Revenues:
Net Sales
Cost of Sales
Gross Profit
Operating Expenses:
Salaries and Wages
Contract Labor
Employee Insurance
Employee Benefits
Employee Relations
Plant Protection
Property Insurance
Depreciation
Repairs & Maintenance
Utilities
Property Rent
Office Supplies
Communication
Travel
Legal
Office/Business Taxes
Donation
Property Taxes
MIS/EDP
Research & Development
Advertising
Promotion
Miscellaneous
Total Expenses
Operating Profit
Interest Income
Interest Expense
Net income before taxes
Income Taxes
Net Income after taxes
22,430
106
53
J
22,430
22,430
22,430
2,377,580
1,188,790
1,188,790
2,377,580
1,188,790
1,188,790
2,377,580
1,188,790
1,188,790
2,377,580
1,188,790
1,188,790
281,667
17,333
13,000
10,000
29,250
2,500
15,000
5,000
100,000
5,000
10,000
281,667
17,333
13,000
281,667
17,333
13,000
29,250
2,500
15,000
5,000
100,000
5,000
10,000
29,250
2,500
15,000
5,000
100,000
5,000
10,000
281,667
17,333
13,000
26,000
29,250
2,500
15,000
5,000
100,000
5,000
10,000
9,749
9,749
9,749
9,749
13,333
7,000
13,333
7,000
13,333
7,000
13,333
7,000
10,000
5,000
6,000
539,832
648,958
-
10,000
5,000
6,000
529,832
658,958
-
10,000
5,000
6,000
529,832
658,958
-
10,000
5,000
6,000
555,832
632,958
-
648,958
207,667
441,291
658,958
210,867
448,091
658,958
210,867
448,091
632,958
202,547
430,411
ABC Company
Projected Income Statement
For the Year Ended December 31, 2014
22,430
22,430
22,430
22,430
22,430
22,430
2,377,580
1,188,790
1,188,790
2,377,580
1,188,790
1,188,790
2,377,580
1,188,790
1,188,790
2,377,580
1,188,790
1,188,790
2,377,580
1,188,790
1,188,790
2,377,580
1,188,790
1,188,790
281,667
17,333
13,000
281,667
17,333
13,000
281,667
17,333
13,000
281,667
17,333
13,000
281,667
17,333
13,000
29,250
2,500
15,000
5,000
100,000
5,000
10,000
281,667
17,333
13,000
10,000
29,250
2,500
15,000
5,000
100,000
5,000
10,000
29,250
2,500
15,000
5,000
100,000
5,000
10,000
29,250
2,500
15,000
5,000
100,000
5,000
10,000
29,250
2,500
15,000
5,000
100,000
5,000
10,000
29,250
2,500
15,000
5,000
100,000
5,000
10,000
9,749
9,749
9,749
9,749
9,749
9,749
13,333
7,000
13,333
7,000
13,333
7,000
13,333
7,000
13,333
7,000
13,333
7,000
10,000
5,000
6,000
529,832
658,958
-
10,000
5,000
6,000
539,832
648,958
-
10,000
5,000
6,000
529,832
658,958
-
10,000
5,000
6,000
529,832
658,958
-
10,000
5,000
6,000
529,832
658,958
-
10,000
5,000
6,000
529,832
658,958
-
658,958
210,867
448,091
648,958
207,667
441,291
658,958
210,867
448,091
658,958
210,867
448,091
658,958
210,867
448,091
658,958
210,867
448,091
22,430
22,427
269,157
269,157
309,531
355,960
409,354
470,758
Year 2015
Year 2016
Year 2017
Year 2018
2,377,580
1,188,790
1,188,790
2,377,262
1,188,631
1,188,631
28,530,642
14,265,321
14,265,321
32,810,286
16,405,143
16,405,143
37,731,760
18,865,880
18,865,880
43,391,524
21,695,762
21,695,762
49,900,348
24,950,174
24,950,174
281,667
17,333
13,000
29,250
2,500
15,000
5,000
100,000
5,000
10,000
281,663
17,337
13,000
26,000
29,250
2,500
15,000
5,000
100,000
5,000
10,000
3,718,000
228,800
171,600
78,000
386,100
30,000
180,000
66,000
1,380,002
4,089,800
251,680
188,760
83,200
424,710
30,000
180,000
72,600
1,586,999
4,498,780
276,848
207,636
91,000
467,181
30,000
180,000
79,860
1,825,049
4,948,658
304,533
228,400
104,000
513,899
30,000
180,000
87,846
2,098,811
9,749
9,748
63,000
126,000
133,039
66,150
132,300
151,494
69,458
138,915
172,718
72,930
145,861
197,126
13,333
7,000
13,337
7,000
10,000
5,000
6,000
529,832
658,958
-
10,000
5,000
6,000
555,835
632,796
-
160,000
88,200
126,000
63,000
75,600
7,073,341
9,331,802
160,000
92,610
132,300
66,150
79,380
7,788,133
11,077,747
160,000
97,241
138,915
69,458
83,349
8,586,407
13,109,355
160,000
102,103
145,861
72,930
87,516
9,480,473
15,469,701
658,958
210,867
448,091
632,796
202,495
430,301
3,380,000
208,000
156,000
72,000
351,000
30,000
180,000
60,000
1,200,000
60,000
120,000
116,987
160,000
84,000
120,000
60,000
72,000
6,429,987
7,835,334
7,835,334
2,507,312
5,328,022
9,331,802
2,986,177
6,345,625
11,077,747
3,544,879
7,532,868
13,109,355
4,194,994
8,914,361
15,469,701
4,950,304
10,519,397
ABC Company
Projected Statement of Financial Position
December 31, 2014 to 2018
2014
Assets
Cash
Accounts Receivable
Allowance for Bad Debts
Other Receivables
Inventories
Office Supplies
Prepaid Rent
Prepaid Insurance
Total current assets
Land
Building
Accumulated depreciation
Machineries & Equipment
Accumulated depreciation
Other non-current asset
Total non-current assets
Total Assets
2,377,554
19,895,038
2,377,554
820,257
23,092,849
3,000,000
4,000,000
(150,000)
3,000,000
(300,000)
3,850,000
2,700,000
9,550,000
32,642,849
Liabilities
Accounts Payable
Notes Payable
Withholding tax payable
SSS Contributions payable
Philhealth contributions payable
Pag-ibig contributions payable
Output tax payable
Accrued Business Taxes Payable
Income Taxes payable
Dividends Payable
Interest payable
Unearned revenues
CP - LTD
Total current liabilities
Bonds Payable
Mortgage Payable
Total non-current liabilities
Total liabilities
1,367,095
50,000
11,700
5,200
5,200
134,416
116,987
624,229
3,000,000
5,314,827
5,314,827
Shareholders' Equity
25,000,000
2,328,022
27,328,022
32,642,849
(0)
any
Financial Position
14 to 2018
2015
2016
2017
2018
23,567,860
2,734,190.50
26,407,850
3,144,313.33
30,609,062
3,615,960.33
36,350,350
4,158,362.33
943,294.00
1,084,788.10
1,247,508.70
1,372,259.57
27,245,344
3,000,000
4,000,000
(300,000)
3,000,000
(600,000)
30,636,951
3,000,000
4,000,000
(450,000)
3,000,000
(900,000)
35,472,531
3,000,000
4,000,000
(600,000)
3,000,000
(1,200,000)
41,880,972
3,000,000
4,000,000
(750,000)
3,000,000
(1,500,000)
9,100,000
36,345,344
0.00
1,572,157
8,650,000
39,286,951
0.00
1,807,980
8,200,000
43,672,531
(0.00)
2,079,181
7,750,000
49,630,972
0.00
2,287,099
50,000
11,700
5,200
5,200
147,857.22
133,039
746,544.25
5,000,000.00
50,000
11,700
5,200
5,200
162,642.95
151,494
886,219.75
5,000,000.00
50,000
11,700
5,200
5,200
178,907.24
172,718
1,048,748.50
5,000,000.00
50,000
11,700
5,200
5,200
196,797.97
197,126
1,237,576.00
5,000,000.00
7,671,697
8,080,437
8,551,655
8,990,699
7,671,697
8,080,437
8,551,655
8,990,699
25,000,000
25,000,000
25,000,000
25,000,000
3,673,646.99
6,206,514.58
10,120,875.76
15,640,272.31
28,673,647
36,345,344
(0)
31,206,515
39,286,951
(0)
35,120,876
43,672,531
0
40,640,272
49,630,972
(0)