CARBON ACTIVIDA

Balance Sheet

2015
ASSET
Current Asset
Cash
Total Current Asset

2016

2017

398,960.52
398,960.52

550,196.59
550,196.59

748,693.37
748,693.37

7,992.95

6,536.90

5,080.85

1,475,000.00
280,000.00
1,000,000.00
2,762,992.95

1,450,000.00
260,000.00
1,000,000.00
2,716,536.90

1,425,000.00
240,000.00
###
2,670,080.85

3,161,953.47

3,266,733.49

3,418,774.22

11,335.20
3,600.00
44,105.48
59,040.68

11,335.20
3,600.00
44,665.65
59,600.85

11,335.20
3,600.00
59,011.92
73,947.12

EQUITY
Padolina, Capital
Torregoza, Capital
Total Equities

1,189,449.90
1,913,462.89
3,102,912.79

1,229,400.84
1,977,731.79
3,207,132.64

1,282,183.72
2,062,643.38
3,344,827.11

TOTAL LIABILITIES and EQUITIES

3,161,953.47

3,266,733.49

3,418,774.22

Non-Current Asset
Office Equipments
Commercial Prototype Activated
Carbon Reactor
Delivery Truck
Land
Total Non-Current Asset
TOTAL ASSETS
LIABILITIES
SSS Payable
Phil. Health Payable
Income Tax Payable
Total Libailities

2018

2019

964,634.42
964,634.42

1,230,298.51
1,230,298.51

3,624.80

2,168.75

1,400,000.00
220,000.00
1,000,000.00
2,623,624.80

1,375,000.00
200,000.00
###
2,577,168.75

3,588,259.22

3,807,467.26

11,335.20
3,600.00
68,549.07
83,484.27

11,335.20
3,600.00
86,327.13
101,262.33

1,343,497.06
2,161,277.88
3,504,774.94

1,420,711.89
2,285,493.04
3,706,204.92

3,588,259.22

3,807,467.26

CARBON ACTIVIDA
Projected Income Statement

Projected Sales
Less: Cost of Goods Sold
Gross Profit

2015
920,960.19
482,440.67
438,519.52

2016
917,132.91
481,746.17
435,386.75

2017
976,622.61
492,944.98
483,677.64

2018
1,016,282.42
500,454.26
515,828.16

Less: Expenses
Salaries Expense
SSS - ER
Phil. Health - ER
Taxes and Lisences
Depreciation Expense
Utilities Expense
Repairs and Maintenance
Miscellaneous Expense
Total Expenses

146,972.40
22,984.80
3,600.00
6,500.00
46,456.05
50,988.00
12,000.00
2,000.00
291,501.25

146,972.40
22,984.80
3,600.00
1,500.00
46,456.05
50,988.00
12,000.00
2,000.00
286,501.25

146,972.40
22,984.80
3,600.00
1,500.00
46,456.05
51,258.00
12,000.00
2,200.00
286,971.25

146,972.40
22,984.80
3,600.00
1,500.00
46,456.05
51,258.00
12,360.00
2,200.00
287,331.25

Net Income before tax

Less: Income Tax (30%)

147,018.27
44,105.48

148,885.50
44,665.65

196,706.39
59,011.92

228,496.91
68,549.07

Net Income after tax

102,912.79

104,219.85

137,694.47

159,947.84

2019
1,089,925.32
514,344.26
575,581.07

146,972.40
22,984.80
3,600.00
1,500.00
46,456.05
51,530.70
12,360.00
2,420.00
287,823.95
287,757.12
86,327.13
201,429.98

CARBON ACTIVIDA
Projected Cash Flow Statement

2015
Net Income
Cash Flow from Operating Activites
Add: Adjustments
Depreciation Expense
Increase in Liabilities

Cash Flow from Financing Activities

Capital Contributions:
Padolina, Capital
Torregoza, Capital

Cash Flow from Investing Activities

Equipments
Land

Net Increase in Cash

Add: Cash Balance Beginning
(prior year's ending bal.)
Cash Balance End

2016

2017

2018

102,912.79

104,219.85

137,694.47

159,947.84

46,456.05
59,040.68
105,496.73

46,456.05
560.17
47,016.22

46,456.05
14,346.27
60,802.32

46,456.05
9,537.16
55,993.21

1,150,000.00
1,850,000.00
3,000,000.00

1,809,449.00
1,000,000.00
2,809,449.00

398,960.52

151,236.07

198,496.79

215,941.04

398,960.52

398,960.52
550,196.59

550,196.59
748,693.37

748,693.37
964,634.42

2019
201,429.98

46,456.05
17,778.06
64,234.11

265,664.09
964,634.42
1,230,298.51

CARBON ACTIVIDA
Changes in Owner's Equity

Padolina, Capital

Torregoza, Capital

2015
Beginning Capital
Add: Share in Net Income
Capital Balance End

1,150,000.00
39,449.90
1,189,449.90

1,850,000.00
63,462.89
1,913,462.89

2016
Beginning Capital
Add: Share in Net Income
Capital Balance End

1,189,449.90
39,950.94
1,229,400.84

1,913,462.89
64,268.91
1,977,731.79

2017
Beginning Capital
Add: Share in Net Income
Capital Balance End

1,229,400.84
52,782.88
1,282,183.72

1,977,731.79
84,911.59
2,062,643.38

2018
Beginning Capital
Add: Share in Net Income
Capital Balance End

1,282,183.72
61,313.34
1,343,497.06

2,062,643.38
98,634.50
2,161,277.88

2019
Beginning Capital
Add: Share in Net Income
Capital Balance End

1,343,497.06
77,214.83
1,420,711.89

2,161,277.88
124,215.16
2,285,493.04

*Net income is divided according to the partner's capital ratio, 38:62.

Totals
3,000,000.00
102,912.79
3,102,912.79

3,102,912.79
104,219.85
3,207,132.64

3,207,132.64
137,694.47
3,344,827.11

3,344,827.11
159,947.84
3,504,774.94

3,504,774.94
201,429.98
3,706,204.92

FINANCIAL RATIOS
PROFITABILITY RATIOS

Net Income
Net Sales

2015

2016

2017

11%

11%

14%

Profit Margin

Return on Investment

Net Income
Average Total Asset

3%

3%

4%

Return on Equity

Net Income
Average Total Equity

3%

3%

4%

2015

2016

2017

Current Ratio

Current Assets
Current Liabilities

6.8

9.2

10.1

Quick Ratio

Quik Assets
Current Liabilities

6.8

9.2

10.1

2015

2016

2017

0.33

0.33

0.36

3%

4%

29%

29%

LIQUIDITY RATIOS

ASSET MANAGEMENT RATIOS

Fixed Assets Turnover

Ratio

Net Sales
Ave. Net Fixed Asset

Investment Rate

Capital(current-prevoius)
Capital previous year

Total Assets Turnover

Ratio

Net Sales
Ave. Total Asset

29%

2018

2019

16%

18%

5%

5%

5%

6%

2018

2019

11.6

12.1

11.6

12.1

2018

2019

0.38

0.42

5%

6%

29%

29%

Computation of Annual Projected Sales

2015
Projected Demand
Projected Supply
Supply-Demand Gap
Possible Customers
Supply Capacity (rounded off)
1 sack = 15 kg
1kg - 100kg
101kg - 200kg
201kg - 300kg
301kg - 400kg

2016

224
42
182
96%
175 customers

equivalent
# of
Ave. Kg
customers
sack/s
50.5
30%
52
3.4
150.5
24%
42
10.0
250.5
38%
66
16.7
350.5
8%
14
23.4
minimum number of sacks

2015 # of sack
sales
176.47
420.73
1,108.77
326.61
2,032.58

Number of times customer

willing to buy
5 months
4% Jan,Jun, Nov
3 times
243.91
7 months
89% Jan,Jul
2 times
3,618
12 months
6% Jan
1 time
121.95
15 months
1% Jan
1 time
20.33
annual total number of sacks sold
4,004.17
Selling Price per sack (112%)
230
PROJECTED SALES
920,960

228
43
185
96%
178 customers
# of
2016 # of sack
customers
sales
53
179
43
428
67
1,127
14
332
2,066.08

Age of activated carbon

Apr,Sep
Feb,Sep
Jan
Apr

165.29
3,678
123.96
20.66
3,987.53
230
917,133

2017

2018

238
45
193
96%
185 customers

2019

252
47
205
96%
197 customers

272
51
221
96%
212 customers

# of
2017 # of
# of
2018 #
# of
2019 #
customers sack sales customers sack sales customers sack sales
56
187
59
199
64
214.28
44
446
47
474
51
510.88
70
1,176
75
1,249
81
1,346.37
15
346
16
368
17
396.60
2,155.42
2,289.44
2,468.13

Feb,Jy,D
Apr,Nov
Jan
Jul

258.65 May,Oct
3,836.65 Jun,
129.33 Jan
21.55 Oct
4,246.19
###
976,623

183.16
4,075.20
137.37
22.89
4,418.62
230
1,016,282

Mar,Aug
Feb,Sep
Jan
-

197.45
4,393.27
148.09
4,738.81
###
1,089,925

Cost of Goods Sold

2015
required empty coconut (CGS
schedule A)
cost per sack
Cost of empty coconut shell
total cost of pividone - iodine (CGS
schedule B)
Direct Materials
Direct Labor
Factory Overhead
TMC or CGS

2016

12,012
14.00
168,168.00

11,964
14.00
167,496.00

5,630.63
173,798.63
146,972.40
161,669.64
482,440.67

5,608.13
173,104.13
146,972.40
161,669.64
481,746.17

CGS Schedule A:
3 sacks of empty coconut = 1 sack of activated carbon
2015
2016
must be produced
multiplyer
required coconut shell

4004
3
12,012

3988
3
11,964

CGS Schedule B:
20 bottles of povidone for every 10,000 sacks of empty coconut
2015
2016
required iodine for 10,000 sacks of
coconut shell
25
25
ratio of required coconut shell over
10,000 sacks
1.20
1.20
povidone - iodine needed
30
30
cost of iodine per bottle
187.50
187.50
total cost of povidone-iodine
5,630.63
5,608.13

2017

2018

2019

12,738
14.00
178,332.00

13,257
14.00
185,598.00

14,217
14.00
199,038.00

5,970.94
184,302.94
146,972.40
161,669.64
492,944.98

6,214.22
191,812.22
146,972.40
161,669.64
500,454.26

6,664.22
205,702.22
146,972.40
161,669.64
514,344.26

ted carbon
2017

2018
4246
3
12,738

ks of empty coconut
2017

2019

4419
3
13,257

2018

4739
3
14,217

2019

25

25

25

1.27
32
187.50
5,970.94

1.33
33
187.50
6,214.22

1.42
36
187.50
6,664.22

DEPRECIATION SCHEDULE
Cost

Useful life

Qty.
Annual Depr'n

Office Equipments
Company Cellphone
Computer set (2nd hand)
Office table
Office Chair
Electric Fan
Bench Monoblock Chair
Metal Cash Keeper
Totals Office Equipments
Delivery Equipment
Delivery Truck
Manufacturing Equipment
Reactor

Annual Depre
2015

2016

599.00
6,000.00
300.00
250.00
1,500.00
500.00
300.00
9,449.00

5 years
10 years
8 years
8 years
10 years
5 years
10 years

119.80
600.00
37.50
31.25
150.00
100.00
30.00

1
1
3
3
2
2
1

119.80
600.00
112.50
93.75
300.00
200.00
30.00
1,456.05

119.80
600.00
112.50
93.75
300.00
200.00
30.00
1,456.05

300,000.00

15 years

20,000.00

20,000.00

20,000.00

1,500,000.00
1,809,449.00

60 years

25,000.00

25,000.00
46,456.05

25,000.00
46,456.05

2015
Payment to SEC
Payment to BIR
Payment to City Hall

TAXES & LISENCES

Renewal
5,000.00
2016-2019
500.00
Payment to BIR
1,000.00
Payment to City Hall
6,500.00

UTILITIES
Water
Electricity
Telecommunication
Fuel

Monthly
250.00
2,000.00
999.00
1,000.00
4,249.00

2015
3,000.00
24,000.00
11,988.00
12,000.00
50,988.00

Cash Contribution
850,000.00
850,000.00

Non Cash
Contribution
300,000.00
1,000,000.00

2016
3,000.00
24,000.00
11,988.00
12,000.00
50,988.00

2017
3,030.00
24,240.00
11,988.00
12,000.00
51,258.00

2018
3,030.00
24,240.00
11,988.00
12,000.00
51,258.00

Partners Capital

Padolina, Capital
Torregoza, Capital
Partner's Total Agreed Capital

Office Supplies
Record Book
Ballpen and Pencils
Paper Supplies (bond paper)

Cost
75.50
5.00
180.00

Total Contributed Capital

Capital ratio
1,150,000.00
38%
1,850,000.00
62%
3,000,000.00
1.00

Qty
1
20
1

Total Cost
75.50
100.00
180.00
355.50

2015
2016
2017
2018
Office Supplies
213.30
127.98
76.79
46.07
*office supplies will be 60% of beginning balance at the end of every period. And will be part of the miscellaneous expense

Annual Depreciation
2017

2018

2019

119.80
600.00
112.50
93.75
300.00
200.00
30.00
1,456.05

119.80
600.00
112.50
93.75
300.00
200.00
30.00
1,456.05

119.80
600.00
112.50
93.75
300.00
200.00
30.00
1,456.05

20,000.00

20,000.00

20,000.00

25,000.00
46,456.05

25,000.00
46,456.05

25,000.00
46,456.05

500.00
1,000.00
1,500.00

s expense

2019
3,060.30
24,482.40
11,988.00
12,000.00
51,530.70

2019
27.64

SALARY

2015 - 2019
Basic Salary

General Manager
Purchasing Manager
Production Manager
Production Helper
monthly totals

12,870.00
12,870.00
25,740.00

yearly totals

308,880.00

SSS Contribution Phil. Health

###
###
472.30
150.00
472.30
150.00
944.60
300.00
11,335.20

Annual Net
Salary
146,972.40
146,972.40

3,600.00 293,944.80

ER CONTRIBUTION 2015 - 2019

Basic Salary
SSS Compensation Range
General Manager
Purchasing Manager
Production Manager
12,870.00
12,750.00 - 13,249.99
Production Helper
12,870.00
12,750.00 - 13,249.99
monthly totals
yearly totals

Monthly Net
Salary
12,247.70
12,247.70
24,495.40

SSS
Phil. Healt Compensation
Contribution
Range
Phil. Health
###
###
957.70 12,000.00 - 12,999.99
150.00
957.70 12,000.00 - 12,999.99
150.00
1,915.40
300.00
22,984.80

3,600.00