Table 22

Salary of employees
(From Year 2012 - 2016)
Employee

Manager
Sales
person
Driver/
Helper
Production
Worker (2)
Total

Salary
Monthly
7,000

2012
(Php)
84,000

2013
(Php)
87,600

Year
2014
(Php)
91,200

3,000

36,000

38,400

40,800

43,200

3,000

36000

38,400

40,800

43,200

5,000
18,000

120000
276,000

124,800
289,200

129,600
302,400

134,400
315,600

2015
(Php)
94,800

Table 24
SSS Benefits Contribution
(From year 2012 - 2016)
Contribution
SSS
Monthly
Monthly Employer
Manager
728.00
Sales
person
312.00
Production
Worker (2)
520.00
Driver/
Helper
312.00
Total

2012
(Php)

Employer Annual Contribution

2013
2014
2015
(Php)
(Php)
(Php)

504.70

6,056.40

6,480.00

6,480.00

6,903.60

222.00

2,664.00

2,664.00

3,087.60

3,087.60

363.30

8,719.20

8,719.20

9,568.80

9,568.80

222.00

2,664.00
20,103.60

2,664.00
20,527.20

3,087.60
22,224.00

3,087.60
22,647.60

Table 25
PhilHealth Benefits Contribution
(From year 2012 - 2016)
Contribution
PhilHealth Monthly
Monthly Employer
Manager
175.00
Sales
person
100.00
Production
Worker (2)
125.00
Driver/
Helper
100.00
Total

2012
(Php)

Employer Annual Contribution

2013
2014
2015
(Php)
(Php)
(Php)

87.50

1,050.00

1,050.00

1,050.00

1,050.00

50.00

600.00

600.00

600.00

600.00

62.50

1,500.00

1,500.00

1,500.00

1,500.00

50.00

600.00
3,750.00

600.00
3,750.00

600.00
3,750.00

600.00
3,750.00

Table 23
13th Month Pay Benefits
From year 2012 - 2016
Salary
Employee Monthly
Manager
Sales
person
Driver/
Helper
Production
Worker (2)
Total

7,000

2012
(Php)
7,000

2013
(Php)
7,300

Year
2014
(Php)
7,600

3,000

3,000

3,200

3,400

3,600

3,000

3,000

3,200

3,400

3,600

5,000
18,000

10000
23,000

10400
24,100

10800
25,200

11200
26,300

2015
(Php)
7,900

es
016)

Table 26
Machinery, Equipment, Furniture and Fixtures
Particulars

Year

ution
016)

nnual Contribution

2016
Office and Store Equipment
(Php)
Electric Fan
98,400
Display rack
Office and Store Furniture and Fixture
45,600
Table
Chair
45,600
Filing Cabinet
Production Tools and Equipment
139,200
Tools
328,800
Measuring Spoon
Knives
Measuring cups
Spatula
Chopping board
Strainer
Pothholder
Stockpot
Scale
Scissors
Jar lifter
2016
Equipment
(Php)
Pressure Canner
Gas Stove
6,903.60
Freezer
Exhaust fan
Fire Extinguisher
3,512.40
Generator set
Sealer
Drum
10,416.00 Production Furniture and Fixture
Table
Chair
3,512.40
Kitchen Cabinet
24,344.40 Delivery/Service Equipment
Total

Acquisition
Cost

Total Cost

Php1,116.07
3,571.43

Php4,687.50

4,017.86
223.21
2,500.00

6,741.07

43.75
107.14
98.21
89.29
496.43
567.86
25.00
3,210.71
830.36
160.71
178.57
53,375.89
3,211.61
21,428.57
1,071.43
4,464.29
13,392.86
3,125.00
348.21

106,225.89

2,857.14
892.86
2,232.14
5,982.14
58,035.71
58,035.71
181,672.32 Php181,672.32

tribution
016)

nnual Contribution
2016
(Php)
1,200.00

600.00

1,500.00

600.00
3,900.00

efits
016
Year
2016
(Php)
8,200
3,800
3,800
11600
27,400

ure and Fixtures

Particulars
plywood
Cement
Hollowblocks
Steel Bar
Tiles
Coco Lumber
Nail
Paint
Sliding door
Labor
Miscelleneous

Qty
12
4 bags
30
10
40
120 bft
2 kgs
3 gals
1
2

Price
380
220
8
95
30
20
50
400
8,000
350

4560
880
240
950
1200
2400
100
1200

Net of vat
4071.429
785.7143
214.2857
848.2143
1071.429
2142.857
89.28571
1071.429

7,000
6250
700
770
687.5
20000 17232.14
2067.857

700

17932.14
2067.857
20000

Table 27
Projected Statement of Comprehensive Income of Mindoreos Bangus Sardine
(From Year 2012-2016)
Year 1
Php3,615,091.07
3,044,069.80
571,021.27

Year 2
Php4,419,106.02
3,522,929.69
896,176.32

Year 3
Php5,274,531.31
3,987,359.34
1,287,171.97

10,800.00
114,000.00
9,500.00
8,356.20
1,725.00
21,757.68
1,875.00
12,600.00
23,595.53
12,300.71
32,160.00
4,800.00
12,600.00
2,250.00
268,320.12
627,856.20
188,356.86
Php439,499.34

11,880.00
114,000.00
9,500.00
8,356.20
1,725.00
22,845.56
1,968.75
13,230.00
27,872.66
12,300.71
37,920.00
4,800.00
13,230.00
2,362.50
281,991.38
1,005,180.58
301,554.18
Php703,626.41

480
79
37920

480
91
43680

480
103
49440

27,500.00
3,300.00

36,285.00
4,354.20

42,251.25
5,070.15

3,300.00
433810.9286
430,510.93

220,448.56
530292.7221
309,844.17

251,390.79
632943.7573
381,552.97

Sales
Less: COGS
Gross Profit
less: Expenses
Rent Expense
10,800.00
Salaries
114,000.00
13th Month Pay
9,500.00
SSS Contribution
8,356.20
PhilHealth Contribution
1,725.00
Utilities Expense
20,721.60
Supplies Expense
1,785.71
Advertising Expense
12,000.00
Permit and Licenses
19,575.46
Depreciation Expense
12,300.71
Fuel
23,571.43
Communication
4,800.00
Repairs and Maintenance
12,000.00
Miscellaneous expense
2,142.86
Total Expenses
253,278.97
Net Income Before Tax
317,742.30
less: 30% Income Tax
95,322.69
Php222,419.61
Net Income After Tax

Fuel:

480
55
26400

With Input tax

Input tax
Total Input
Output

480
67
32160

ndoreos Bangus Sardine

Year 4
Php6,263,712.86
4,495,146.10
1,768,566.76

Year 5
Php7,407,618.66
5,053,339.16
2,354,279.49

11,880.00
12,960.00
114,000.00
114,000.00
9,500.00
9,500.00
8,356.20
8,356.20
1,725.00
1,725.00
23,987.84
25,187.23
2,067.19
2,170.55
13,891.50
14,586.08
32,818.56
38,538.09
10,738.21
10,738.21
43,680.00
49,440.00
4,800.00
4,800.00
13,891.50
14,586.08
2,480.63
2,604.66
293,816.63
309,192.10
1,474,750.12
2,045,087.40
442,425.04
613,526.22
Php1,032,325.09 Php1,431,561.18

48,227.81
5,787.34

54,215.20
6,505.82

285,151.45
751645.5429
466,494.10

322,049.24
888914.2387
566,865.00

Table 27
Projected Cash Flow Statement of Mindoreos Bangus Sardine
(From Year 2012-2016)
Cash Flow from
Year 1
Operating Activities
Net Income
Php222,419.61
Add: Depreciation Expense
35,030.27
Add: Output Vat
433,810.93
Less: Input Tax
(3,300.00)
Dec/Inc. in Ending Inventory
(62,123.87)
Dec/Inc. in Income Tax Payable
95,322.69
Cash Flow from Operating
721,159.63
Activities
Cash Flow from Investing
Activities
Production Tools & Equipment
Production Furniture & Fixtures
Office & Store Equipment
Office Furniture & Fixtures
Delivery Equipment
Leasehold Improvements
Cash Flow from Investing
Activities
Cash Flow from Financing
Activities
Capital Contribution
Cash flow from Financing
Activities
Increase in Cash Balance
Add: Cash Balance, Beg.
Cash Balance, End.

Year 2

Year 3

Php439,499.34
35,030.27
96,481.79
(217,148.56)
(8,504.82)
93,034.17
438,392.20

Php703,626.41
30,978.93
102,651.04
(30,942.23)
(9,304.59)
113,197.32
910,206.87

(106,225.89)
(5,982.14)
(4,687.50)
(6,741.07)
(58,035.71)
(17,932.14)
(199,604.46)

438,392.20

910,206.87

513,853.67
513,853.67

438,392.20

910,206.87

1,035,408.83
438,392.20
910,206.87
1,035,408.83
1,473,801.03
############# Php1,473,801.03 Php2,384,007.89

os Bangus Sardine

Year 4

Year 5

Php1,032,325.09 Php1,431,561.18
29,416.43
29,416.43
118,701.79
137,268.70
(33,760.66)
(36,897.79)
(10,173.11)
(11,184.08)
140,870.86
171,101.18
1,277,380.40
1,721,265.61

1,277,380.40

1,721,265.61

1,277,380.40

1,721,265.61

1,277,380.40
1,721,265.61
2,384,007.89
3,661,388.29
Php3,661,388.29 Php5,382,653.91

Table 28
Projected Statement of Financial Position of Mindoreos Bangus Sardine
(From Year 2012-2016)
Assets
Year 1
Current Asset
Cash
Php1,035,408.83
Inventory
62123.87346
Input Vat
3,300.00
Total Current Assets
1,100,832.70
Fixed Asset
Building Improvement
17,932.14
Office and Store Equipment
4,688
Office and Store F & F
6,741
Production Tools and Equip.
106,226
Production F & F
5,982
Delivery/Service Equip.
58,036
Total Fixed Assets
199,604.46
Less: Accumulated Dep'n
35,030.27
Net Fixed Assets
164,574.20
Total Assets
1,265,406.90
Liabilities and Capital
Liabilities and Capital
Income Tax Payable
Output Vat
Total Liabilities
Capital

95,322.69
433,810.93
529,133.62

Year 2

Year 3

Year 4

Year 5

1,473,801.03 Php2,384,007.89
70,628.69
79933.2786
220,448.56
251,390.79
1,764,878.27
2,715,331.96

Php3,661,388.29
90106.38412
285,151.45
4,036,646.12

Php5,382,653.91
101290.4649
322,049.24
5,805,993.61

199,604.46
70,060.54
129,543.93
1,894,422.20

188,356.86
530,292.72
718,649.58

199,604.46
101,039.46
98,565.00
2,813,896.96

301,554.18
632,943.76
934,497.93

199,604.46
130,455.89
69,148.57
4,105,794.70

442,425.04
751,645.54
1,194,070.58

199,604.46
159,872.32
39,732.14
5,845,725.75

613,526.22
888,914.24
1,502,440.46

Capital, Beg
Add: Net Income
Capital, End
Total Liabilities
and Capital

513,853.67
736,273.28
1,175,772.62
222,419.61
439,499.34
703,626.41
736,273.28
1,175,772.62
1,879,399.03
Php1,265,406.90 Php1,894,422.20 Php2,813,896.96
217,079.73
-

1,879,399.03
1,032,325.09
2,911,724.12
Php4,105,794.70

2,911,724.12
1,431,561.18
4,343,285.30
Php5,845,725.75

mach

89285.7143
10,714.29
Equity

100000

Schedule 1
Product Cost
Year 1
Direct Materials
Bangus
Php1,038,180.00
Corn Oil
652,295.63
Carrots
77,382.86
Pickels
123,914.71
black pepper
34,606.00
siling labuyo
34,606.00
bay leaf
69,212.00
Direct Labor
2 Production workers
120,000.00
Benefits
13th month
10,000.00
SSS
8,719.20
Philhealth
1,500.00
Factory Overhead
salt
43,257.50
water
302.80
bottle
757,006.25
Seal
19,774.86
gasul
18,453.10
rent
25,200.00
Manager
42,000.00
13th month pay
3,500.00
SSS
3,028.20
Philhealth
525.00
Depreciation
22,729.55

Year 2

Year 3

Year 4

Year 5

Php1,189,030.50
747,076.04
88,626.81
141,919.87
39,634.35
39,634.35
79,268.70

Php1,354,553.55
851,075.31
100,964.41
161,676.31
45,151.79
45,151.79
90,303.57

Php1,535,323.31
964,654.20
114,438.45
183,252.57
51,177.44

124,800.00

129,600.00

134,400.00

139,200.00

10,400.00
8,719.20
1,500.00

10,800.00
9,568.80
1,500.00

11,200.00

9,568.80
1,500.00

11,600.00
10,416.00
1,500.00

49,542.94
346.80
867,001.41
22,648.20
22,140.79
25,200.00
43,800.00
3,650.00
3,240.00
525.00
22,729.55

56,439.73
395.08
987,695.30
25,801.02
26,424.07
27,720.00
45,600.00
3,800.00
3,240.00
525.00
18,678.21

63,971.80
447.80
1,119,506.58
29,244.25
31,376.66
27,720.00
47,400.00
3,950.00
3,451.80
525.00
18,678.21

72,210.19
505.47
1,263,678.28
33,010.37
37,103.93
30,240.00
49,200.00
4,100.00
3,451.80
600.00
18,678.21

51,177.44
102,354.89

Php1,733,044.50
1,088,883.78
129,176.00
206,852.10
57,768.15
57,768.15
115,536.30

Total

Php3,106,193.67

Php3,531,434.51

Php3,996,663.93

Php4,505,319.21

Php5,064,523.24

288.38
Direct Materials:
Bangus
Corn Oil
Carrots
Pickels
black pepper
siling labuyo
bay leaf

YEAR 1
Unit Measure Price/Unit
Per 288 bottles Amount Per bottle
Kilo
60
72
4320
15.00
Liter
160
19
3040
9.42
Kilo
70
4.6
322
1.12
piece
15
38.5
577.5
1.79
0.5
288
144
0.50
0.5
288
144
0.50
piece
1
288
288
1.00

Direct labor: 2 workers

13th month

5000

500
41.66667

SSS
Philhealth

Factory Overhead
salt
water
bottle
Seal
gasul
rent
Manager--salary

1.73380
0.14448
0.12598
0.02167

Kilo

10
12.6
12.25
0.32
860
150

18
10%
288
288
2
70%

180
1.26
3528
92.16
86
105

SSS
Philhealt
DEPRECIATION

13369.59
46.42218
with input tax
Input Vat

without input tax

0.625
0.004375
10.94
0.29
0.27
0.36
0.61
0.05
0.04
0.01
0.33

Year

2012
2013
2014
2015
2016

Total
Demand
276,084
278,676
281,340
283,968
286,632

Household
Market Share
Total Demand
Percent
Quantity
25%
27%
29%
31%
33%

69,021
75,242
81,588
88,030
94,588

2,736
2,808
2,916
2,988
3,096

Tourist

5,767.67

69,212

75,494

Per month Annually

Direct Materials:
86,515.00
1,038,180.00
Bangus
54,357.97
652,295.63
Corn Oil
6,448.57
77,382.86
Carrots
10,326.23
123,914.71
Pickels
2,883.83
34,606.00
black pepper
2,883.83
34,606.00
siling labuyo
5,767.67
69,212.00
bay leaf
10,000.00
833.33
726.60
125.00

YEAR 2
Price per unit Annually
Direct Materials:
15.75
1,189,030.50
9.90
747,076.04
1.17
88,626.81
1.88
141,919.87
0.53
39,634.35
0.53
39,634.35
1.05
79,268.70

120,000.00 Direct labor: 2 workers

10,000.00
13thmonth pay
SSS
8,719.20
Philhealth
1,500.00

3,604.79
25.23
63,083.85
1,647.90
1,537.76
2,100.00
3,500.00
291.67
252.35
43.75
1,894.13

43,257.50
302.80
757,006.25
19,774.86
18,453.10
25,200.00
42,000.00
3,500.00
3,028.20
525.00
22,729.55

258,849.47
44.88

3,106,193.67
44.88
1,571,444.56
1,403,075.50
168,369.06

1,534,749.12
3,106,193.67

Factory Overhead
salt
water
bottle
Seal
gasul
rent
Manager--salary
13th month
SSS
Philhealth
DEPRECIATION

Assumption:

1.65
0.14
0.12
0.02

124,800.00 Direct labor: 2 workers

10,400.00
8,719.20
1,500.00

Factory Overhead
0.66
0.00
11.48
0.30
0.29
0.33
0.58
0.05
0.04
0.01
0.30

49,542.94
346.80
867,001.41
22,648.20
22,140.79
25,200.00
43,800.00
3,650.00
3,240.00
525.00
22,729.55

46.78

3,531,434.51
46.78
1,800,786.31
216,094.36

YEA

Tourist
Market Share
Percent
Quantity
7%
9%
11%
13%
15%

191
252
320
388
464

69,212
75,494
81,908
88,418
95,052

81,908

88,418

YEAR 3
Year 4
Direct Materials:
Price per unitAnnually
Direct Materials:
Price per unit Annually
Direct Materials:
Bangus
16.54 1,354,553.55
Bangus
17.36 1,535,323.31
Corn Oil
10.39
851,075.31
Corn Oil
10.91
964,654.20
Carrots
1.23
100,964.41
Carrots
1.29
114,438.45
Pickels
1.97
161,676.31
Pickels
2.07
183,252.57
black pepper
0.55
45,151.79
black pepper
0.58
51,177.44
siling labuyo
0.55
45,151.79
siling labuyo
0.58
51,177.44
bay leaf
1.10
90,303.57
bay leaf
1.16
102,354.89
Direct labor: 2 workers
13thmonth pay
SSS
Philhealth

1.58
0.13
0.12
0.02

129,600.00 Direct labor: 2 workers

10,800.00
13thmonth pay
9,568.80
SSS
1,500.00
Philhealth

Factory Overhead
salt
0.69
water
0.004823
bottle
12.06
Seal
0.32
gasul
0.32
rent
0.34
Manager--salary 0.56
13th month
0.05
SSS
0.04
Philhealth
0.01
DEPRECIATION
0.23

56,439.73
395.08
987,695.30
25,801.02
26,424.07
27,720.00
45,600.00
3,800.00
3,240.00
525.00
18,678.21

48.79
48.79

3,996,663.93
48.79
2,052,672.01
246,320.64

Factory Overhead
salt
water
bottle
Seal
gasul
rent
Manager--salary
13th month
SSS
Philhealth
DEPRECIATION

1.52
0.13
0.11
0.02

Year

134,400.00 Direct labor: 2 workers

11,200.00
9,568.80
1,500.00

Factory Overhead
0.72
0.01
12.66
0.33
0.35
0.31
0.54
0.04
0.04
0.01
0.21

63,971.80
447.80
1,119,506.58
29,244.25
31,376.66
27,720.00
47,400.00
3,950.00
3,451.80
525.00
18,678.21

50.95

4,505,319.21
50.95
2,328,034.25
279,364.11

95,052

Year 5
Direct Materials:
Price per unit
Annually
Bangus
18.23 1,733,044.50
Corn Oil
11.46 1,088,883.78
Carrots
1.36
129,176.00
Pickels
2.18
206,852.10
black pepper
0.61
57,768.15
siling labuyo
0.61
57,768.15
bay leaf
1.22
115,536.30

Direct labor: 2 workers

13thmonth pay
SSS
Philhealth

1.46
0.12
0.11
0.02

139,200.00
11,600.00
10,416.00
1,500.00

Factory Overhead
salt
0.76
water
0.01
bottle
13.29
Seal
0.35
gasul
0.39
rent
0.32
Manager--salary 0.52
13th month
0.04
SSS
0.04
Philhealth
0.01
DEPRECIATION 0.20

72,210.19
505.47
1,263,678.28
33,010.37
37,103.93
30,240.00
49,200.00
4,100.00
3,451.80
600.00
18,678.21

53.28

5,064,523.24
53.28
2,629,528.47
315,543.42

200 grams perbottle

corn oil

15.00

1 liter
15 bottles
1000 66.66667
19200
19.2

10.56
3040

carrots

1 carrot
2 grams

50 pieces 4 pieces per bottle

1152
23.04
46.08
4.608

70
62.5

Pickels

1 pieces

30 pieces 4 pieces perbottle

1152
38.4

15
7.5

black pepper
siling Labuyo'
salt

0.5

1.79

0.5
0.5
0.625

62.5
4500
4.5

bayleaf
bottle

1.12

1
2880
240
3.75

12.25

900
sealer
Direct labor
water

0.32
10000

5760

1.736111

12.6
1.26
0.004375

gasul

1720

5760

0.298611

45.7000

Schedule 2
Cost of Good Sold
Year 1

Year 2

Year 3

Year 4

Year 5

Production Cost
Php3,106,193.67 Php3,531,434.51 Php3,996,663.93 Php4,505,319.21 Php 5,064,523.24
Add: Beginning Inventory
62,123.87
70,628.69
79,933.28
90,106.38
Total Goods Available for Sale
3,106,193.67
3,593,558.38
4,067,292.62
4,585,252.48
5,154,629.63
Less: Ending Inventory
62,123.87
70,628.69
79,933.28
90,106.38
101,290.46
Cost of Goods Sold
Php3,044,069.80 Php3,522,929.69 Php3,987,359.34 Php4,495,146.10
Php5,053,339.16

Schedule 3
Ending Inventory
Year 1
Volume of Production
x Rate of ending inventory
Ending Inventory in volume
x Cost per unit
Ending inventory in peso

Year 2

Year 3

69,212
75,494
81,908
0.02
0.02
0.02
1,384
1,510
1,638
44.88
46.78
48.79
Php62,123.87 Php70,628.69 Php79,933.28

Php62,123.87 Php132,752.56 Php150,561.97

31061.93673
66376.28183
75280.9844

Year 4

Year 5

88,418
95,052
0.02
0.02
1,768
1,901
50.95
53.28
Php90,106.38 Php101,290.46

Php170,039.66
85019.83136

Php191,396.85
95698.42449

Schedule 4
Projected Sales
Year 1
69,212

Volume of Production
Add:Beginning Inventory
less: Allowance for breakage
Ending Inventory
Sales in Volume
Multiply:Selling price
Sales in Peso inclusive of VAT

346
1,384
67,482
60.00
Php4,048,902.00

Sales in Peso net of Vat

Output Vat
Sales in Peso inclusive of VAT

Php3,615,091.07
433,810.93
Php4,048,902.00

44.88
53.86
60.32

Year 2
75,494
1,384
377
1,510
74,991
66.00
Php4,949,398.74
Php4,419,106.02
530,292.72
Php4,949,398.74

Year 3
81,908
1,510
410
1,638
81,370
72.60
Php5,907,475.07
Php5,274,531.31
632,943.76
Php5,907,475.07

Year 4
88,418
1,638
442
1,768
87,846
79.86
Php7,015,358.40
Php6,263,712.86
751,645.54
Php7,015,358.40

Year 5
95,052
1,768
475
1,901
94,444
87.85
Php8,296,532.89
Php7,407,618.66
888,914.24
Php8,296,532.89

Schedule 5
Schedule of Depreciation

Particulars

Acquisition
Estimated Useful Life
Cost
(Years)
Php17,932.14
5

Leasehold Improvement
Office and Store Equipment
Electric Fan
1,116.07
Display rack
3,571.43
Office and Store Furniture and Fixture
Table
4,017.86
Chair
223.21
Filing Cabinet
2,500.00
Production Tools and Equipment
Tools
Measuring Spoon
43.75
Knives
107.14
Measuring cups
98.21
Spatula
89.29
Chopping board
496.43
Strainer
567.86
Pothholder
25.00
Stockpot
3,210.71
Scale
830.36
Scissors
160.71
Jar lifter
178.57
Equipment
Pressure Canner
53,375.89
Gas Stove
3,211.61
Freezer
21,428.57
Exhaust fan
1,071.43
Fire Extinguisher
4,464.29
Generator set
13,392.86
Sealer
3,125.00
Drum
348.21
Production Furniture and Fixture
Table
2,857.14
Chair
892.86
Kitchen Cabinet
2,232.14
Delivery/Service Equipment
58,035.71
Total
Php199,604.46

Year 1
(Php)
3,586.43

Year 2
(Php)
3,586.43

Year 3
(Php)
3,586.43

3
3

372.02
1,190.48

372.02
1,190.48

372.02
1,190.48

5
5
5

803.57
44.64
500.00

803.57
44.64
500.00

803.57
44.64
500.00

803.57
44.64
500.00

2
2
2
2
2
2
2
2
5
2
2

21.88
53.57
49.11
44.64
248.21
283.93
12.50
1,605.36
166.07
80.36
89.29

21.88
53.57
49.11
44.64
248.21
283.93
12.50
1,605.36
166.07
80.36
89.29

166.07

166.07

5
5
10
5
5
5
2
5

10,675.18
642.32
2,142.86
214.29
892.86
2,678.57
1,562.50
69.64

10,675.18
642.32
2,142.86
214.29
892.86
2,678.57
1,562.50
69.64

10,675.18
642.32
2,142.86
214.29
892.86
2,678.57

10,675.18
642.32
2,142.86
214.29
892.86
2,678.57

69.64

69.64

571.43
178.57
446.43
5,803.57
35,030.27

571.43
178.57
446.43
5,803.57
30,978.93

571.43
178.57
446.43
5,803.57
29,416.43

5
5
5
10

571.43
178.57
446.43
5,803.57
35,030.27

Year 4
(Php)
3,586.43

223557
Product Cost
Selling

22,729.55
22,729.55
18,678.21
18,678.21
Php12,300.71 Php12,300.71 Php12,300.71 Php10,738.21
35,030.27
35,030.27
30,978.93
29,416.43

Year 5
(Php)
3,586.43

803.57
44.64
500.00

166.07

10,675.18
642.32
2,142.86
214.29
892.86
2,678.57

10,714.29

69.64
571.43
178.57
446.43
5,803.57
29,416.43

29,017.86

Php159,872.32

18,678.21
Php10,738.21
29,416.43

39,732.14

Schedule 6
Permit and licenses
Year 1
Registration - BIR
Mayor's permit
.5% 0f gross sales
Sanitary clearance
Fire clearance
Total

Php500.00

18,075.46
500.00
500.00
Php19,575.46

Year 2
Php500.00

22,095.53
500.00
500.00
Php23,595.53

Year 3
Php500.00

Year 4
Php500.00

26,372.66
31,318.56
500.00
500.00
500.00
500.00
Php27,872.66 Php32,818.56

Year 5
Php500.00

37,038.09
500.00
500.00
Php38,538.09

Financial Analysis

1.) Current Ratio

= Current Asset
Current Liabilities

Year 1

1,100,832.70
529,133.62

2.08

Year 2

1,764,878.27
718,649.58

2.46

Year 3

2,715,331.96
934,497.93

2.91

Year 4

4,036,646.12
1,194,070.58

3.38

Year 5

5,805,993.61
1,502,440.46

3.86

2. Inventory Turnover = Cost of Goods Sold

Average Merchandise Inventory
Year 1

3044069.8 =
62,123.87

49

times

Year 2

3,522,929.69
66,376.28

53

times

Year 3

3,987,359.34
75,280.98

Year 4

4,495,146.10
85,019.83

53

times

Year 5

5,053,339.16
95,698.42

53

times

53 times

2.) Inventory Turnover

3.) Average Age of Inventory

98 times

360 days/inventory turnover

=
4.) Equity ratio

=
=

5.) Rate of return

5.) Payback period

4
Total Capital/Total Assets
#

Net Income/Investment

##

Investment/Cash Flow

6.) Break even

#
#

6 months

Fixed costs/Contribution Margin per unit

## total fixed costs
3 contribution margin per unit
# units

3. Average Age of Inventory

= Number of Working Days

Inventory Turnover

Year 1

288
49

days

Year 2

288
53

days

Year 3

288
53

5 days

Year 4

288
53

5 days

Year 5

288
53

days

identy the fixed and variable cost.

Selling Price
xxx
Less : VC xxx
CM/unit xxx

60
57

4. Equity Ratio

= Total Owner's Equity

Total Asset

Year 1

736,273.28 = 58.18%
1,265,406.90

Year 2

1,175,772.62 = 62.06%
1,894,422.20

Year 3

1,879,399.03 = 66.79%
2,813,896.96

Year 4

2,911,724.12 = 70.92%
4,105,794.70

Year 5

4,343,285.30 = 74.30%
5,845,725.75

5. Return on Investment

= Net Income
Investment

Year 1

222,419.61
513,853.67

43%

Year 2

439,499.34
513,853.67

86%

Year 3

703,626.41
513,853.67

137%

Year 4

1,032,325.09
513,853.67

201%

Year 5

1,431,561.18
513,853.67

279%

6. Payback Period

= Investment
Cash Flow

Year 1

513,853.67

months

1,035,408.83
Year 2

513,853.67
1,473,801.03

months

Year 3

513,853.67

months

2,384,007.89
Year 4

513,853.67
3,661,388.29

months

Year 5

513,853.67

month

5,382,653.91

7. Break - even point = Fixed Costs

Contribution Margin
=

235,720.11
8.77

26,887 bottles

Fixed Cost

Dep.
Rent
Sal.
Taxes
SSS
13th
Phhealth

year 1
Year 2
35,030.27
36000.00

Year 3

Year 4

Year 5

Acquisition of Asset
Building Improvement
Office and Store Equipment
Office and Store Furniture and Fixture
Production Tools and Equipment
Production Furniture and Fixture
Delivery/Service Equipment
Production Cost:
Inventory related cost
Direct Materials

Direct Labor
Factory Overhead
Cash Credit
Rent Expense
Salaries
SSS Contribution
PhilHealth Contribution
Utilities Expense
Supplies Expense
Advertising Expense
Permit and Licenses
Fuel
Repairs and Maintenance
Miscellaneous expense
Communication

Php17,932.14
4,688
6,741
106,226
5,982
58,036

169,183.10
11,684.93
77,981.44
1,800.00
19,000.00
1,392.70
287.50
3,453.60
333.33
2,000.00
19,575.46
4,400.00
2,000.00
357.14
800.00

Php199,604.46

258,849.47

55,399.73
Php513,853.67

Direct Materials:
Bangus
Corn Oil
Carrots
Pickels
black pepper
siling labuyo
bay leaf

Unit Measure Price/Unit

Kilo
60
Liter
160
Kilo
70
piece
15
0.5
0.5
piece
1

Direct labor: 2 workers

13th month

288.38
YEAR 1
Per 288 bottles Amount Per bottle
72
4320
15.00
19
3040
9.42
4.6
322
1.12
38.5
577.5
1.79
288
144
0.50
288
144
0.50
288
288
1.00
5000

500
41.66667

SSS
Philhealth

Factory Overhead
salt
water
bottle
Seal
gasul
rent
Manager--salary
SSS
Philhealt
DEPRECIATION

1.73380
0.14448
0.12598
0.02167

Kilo

10
12.6
12.25
0.32
860
150

18
10%
288
288
2
70%

180
1.26
3528
92.16
86
105

0.625
0.004375
10.94
0.29
0.27
0.36
0.61
0.05
0.04
0.01
-

Rent Expense
Salaries
13th Month Pay
SSS Contribution
PhilHealth Contribution
Utilities Expense
Supplies Expense
Advertising Expense
Permit and Licenses
Depreciation Expense
Fuel
Communication
Repairs and Maintenance

Miscellaneous expense

5,767.67

69,212
Fixed and variable

Per month Annually

86,515.00
1,038,180.00
54,357.97
652,295.63
6,448.57
77,382.86
10,326.23
123,914.71
2,883.83
34,606.00
2,883.83
34,606.00
5,767.67
69,212.00
10,000.00
833.33
726.60
125.00

3,604.79
25.23
63,083.85
1,647.90
1,537.76
2,100.00
3,500.00
291.67
252.35
43.75
-

Contribution
ealth Contribution
es Expense
ies Expense
tising Expense
t and Licenses
ciation Expense

rs and Maintenance

Variable

variable
variable
variable
variable
variable
variable
variable

1,038,180.00
652,295.63
77,382.86
123,914.71
34,606.00
34,606.00
69,212.00

120,000.00 variable
10,000.00 variable
variable
8,719.20 variable
1,500.00 variable

120,000.00
10,000.00
8,719.20
1,500.00

43,257.50
302.80
757,006.25
19,774.86
18,453.10
25,200.00
42,000.00
3,500.00
3,028.20
525.00
-

variable
variable
variable
variable
variable
fixed
fixed
fixed
fixed
fixed
fixed

43,257.50
302.80
757,006.25
19,774.86
18,453.10

10,800.00
114,000.00
9,500.00
8,356.20
1,725.00
20,721.60
1,785.71
12,000.00
19,575.46
12,285.71
23,571.43
4,800.00
12,000.00

fixed
fixed
fixed
fixed
fixed
variable
variable
variable
variable
fixed
variable
fixed
variable

Fixed

25,200.00
42,000.00
3,500.00
3,028.20
525.00
-

10,800.00
114,000.00
9,500.00
8,356.20
1,725.00
20,721.60
1,785.71
12,000.00
19,575.46
12,285.71
23,571.43
4,800.00
12,000.00

llaneous expense

2,142.86 variable

2,142.86

3,336,728.09

3,101,007.97
SP
Less:VC
CM/unit

235,720.11

53.57
44.80
8.77

BEP

26,887.37

Sales
Variable Cost
FC

1,440,395.08
1,204,674.97
235,720.11
235,720.11
-