MICHAEL JERICHO REYES SUCALDITO

Delos Reyes St., Guihing, Hagonoy, Davao del Sur

In House Statement of Financial Position

As of December 31, 2018 and 2017

ASSETS: 2018 2017

Current Assets
Cash 317,620.00 285,620.00
Total Current Assets 317,620.00 285,620.00

Non-current Assets:
Property and Equipment
Land 2,000,000.00 2,000,000.00
Ten Wheelers (Fuso) 1,920,000.00 1,920,000.00
Ten Wheelers (Hino) 1,550,000.00 1,550,000.00
Total Non-current Assets 5,470,000.00 5,470,000.00
Less: Accumulated Depreciation - 144,000.00 - 72,000.00
Net Book Value 5,326,000.00 5,398,000.00

TOTAL ASSETS 5,643,620.00 5,683,620.00

LIABILITIES AND NETWORTH

LIABILITIES
Accounts Payable 67,930.12 15,240.00
Loans Payable 368,561.60
Total Liabilities 67,930.12 383,801.60

NETWORTH
Sucaldito, capital 6,199,818.68 5,299,818.40
Capital, end 6,199,818.68 5,299,818.40

TOTAL LIABILITIES AND NETWORTH 6,267,748.80 5,683,620.00

- 624,128.80 -

Certified True and Correct:

MICHAEL JERICHO REYES SUCALDITO
 MICHAEL JERICHO REYES SUCALDITO

Delos Reyes St., Guihing, Hagonoy, Davao del Sur

In House Statement of Financial Performance

For the year ended December 31, 2018 and 2017

REVENUES: 2018 2017

Commission Income 780,000.00 624,000.00
Trucking Income 2,835,015.75 1,826,320.00 2191584
Total Revenues 3,615,015.75 2,450,320.00

EXPENSES:
Fuel and Oil 685,410.00 506,400.00
Salaries and Wages/Allowances 286,520.00 252,000.00
Repair and Maintenance 268,200.00 253,200.00
Office Supplies 6,320.00 2,100.00
Taxes and Licenses 93,415.47 62,391.60
Depreciation 72,000.00 72,000.00
Miscellaneous 3,150.00 2,410.00
Total Expenses 1,415,015.47 1,150,501.60

NET INCOME BEFORE TAX 2,200,000.28 1,299,818.40

Certified True and Correct:

MICHAEL JERICHO REYES SUCALDITO
 MICHAEL JERICHO REYES SUCALDITO

Delos Reyes St., Guihing, Hagonoy, Davao del Sur

In House Statement of Changes in Equity

For the year ended December 31, 2018 and 2017

2018 2017
BEGINNING CAPITAL 5,299,818.40 4,000,000.00
Add: Net Income 2,200,000.28 1,299,818.40
Additional Capital
Total 7,499,818.68 5,299,818.40
Less: Drawings - 1,300,000.00
ENDING CAPITAL 6,199,818.68 5,299,818.40

Certified True and Correct:

MICHAEL JERICHO REYES SUCALDITO