BALANCE SHEETS

AS OF DECEMBER 31st,2015

(In dollars)
ASSETS
CURRENT ASSETS
CASH AND CASH EQUIVALENTS
Box
Banks
Accounts Receivable
STOCKS
Inventory Materials
In-process inventory
Finished Goods Inventory
PRE-PAID
VAT paid
"Retention Tax Credit Tax
Income "
NON-CURRENT ASSETS
PROPERTY PLANT AND EQUIPMENT
(-) Machinery and equipment
"Accumulated depreciation Machinery
and Equipment "
(-) lands
Buildings
(-) Accumulated depreciation Buildings

1617204.43
41371.25
431591.11

2090166.79

1453.85
34784.36
68971.76

105209.97

103.81
18440.47

85000.00
637.50
70000.00
280000.00
1108.33
7600.00
140.75

18544.28

2213921.04

84362.50
70000.00
278891.67
7459.25

440713.42
2654634.46

TOTAL ASSETS.

MANAGER

PASSIVE
CURRENT LIABILITIES
VAT charged
Documents to pay
Debts to pay
Social benefits payable
Retaining the Source of VAT payable 30%
"Retaining the Source of Income Tax
1% payable "
Payable IESS
15% Participation Workers
22% of Income Tax Payable
CURRENT LIABILITIES
Bank loans

OWNERS EQUITY
OWNERS EQUITY
CAPITAL
Capital stock
RESULTS
Net Income
TOTAL LIABILITIES

219863.05
194.80
1790.00
905.12
24.18
6.72
1105.23
287573.30
358508.05

869970.45

55000.00

55000.00

458590.00

458590.00

1271074.01

1271074.01

924970.45
924970.45

1729664.01
2654634.46

ACCOUNTANT

BALANCE SHEETS:
It shows the financial position of a business at a specific date. In this report only the actual accounts (assets, liabilities and equity) used and the
fundamental accounting equation is true: Active equals liabilities plus equity (A = P + C), and also the basic principle of Accounting the "Double Entry"
amounts of assets and liabilities should be equal.

GENERAL JOURNAL
January 1 to December 31, 20151
DATE

ACCOUNT TITTLE

1-Dec

REF

DEBIT

1
20000.00
45000.00

box
Bank

45000.00

bank machala

5300.00

materials inventory

4800
500

direct material
indirect material

80.00
2400.00
70000.00
280000.00
85000.00
7600.00

in-process inventory
finished goods inventory
ground
building
machinery and equipment
computer equipment
providers
bank loans l / p
capital stock
p / r seat opening to December 1, 2015

3-Dec

2
2331.00

banks

2331.00

bank machala

21.00

tribuitario income tax credit 1%

sale
VAT charged
p / r sale s / f # 001-001-0000247 CIA Europe S.A. shirts 15th

3-Dec

3
1200.00

cost of goods sold

inventory of goods in process
p / r cost of products sold of the ventade
CIA invoice # 001-001-0000247 Europe S.A. shirts 15th

4-Dec

4
140.00
16.80

sales
VAT charged
Bank
bank machala

156.80

p / r refund of the purchase the invoice # 001-001-0000247

4-Dec

5
80.00

finished goods inventory

cost of goods sold
p / rCosto of the return of the purchase fact # 001-001-0000247

5-Dec

6
435.25

materials inventory

325
110.25

direct material
indirect material

52.23

VAT paid
Withholding income tax Wing 1%
withholding of VAT 30%
Bank

186.98

bank machala
documents to pay

280.48

Megan fox
p / R purchase of materials inventory

s / factutura 001-001-000647 Miss MEGAN FOX

6-Dec

7
85.68

documents to pay

85.68

Megan fox
materials inventory

52.00
24.5

direct material
indirect material
VAT paid
w / purchase of merchandise Rdevolucion
s / invoice 001-001-000647 Miss MEGAN FOX

9-Dec

8
1266.30

inventory of goods in process

1266.30

direct material

41.20

indirect cost of manufacture

41.20

indirect material
materials inventory

1266.30
41.20

direct material
indirect material
p / r order of business pasifico br

9-Dec

9
2231.10

inventory of goods in process

direct material

2231.10
82.40

indirect cost of manufacture

indirect material
materials inventory

82.40

2231.10
82.40

direct material
indirect material
p / r order company Atlantico S.A.

12-Dec

10
422.10

inventory of goods in process

422.10

direct material

20.60

indirect cost of manufacture

20.60

indirect material
materials inventory

422.10
20.60

direct material
indirect material

p / r emission of ord. Req. # 059 for the O / P # 025

17-Dec

11
1990.00

indirect cost of manufacture

1990.00

electric power
box

p / r payment of the return of light makes actual cif

17-Dec

12
655.00

Administrative Expenses

655.00

electric power
box
p / r payment of payroll management light

19-Dec

13
54.00

indirect cost of manufacture

54.00

phone

6.48

VAT paid
Bank

60.48

bank machala
p / r of the return payment factory Phone

19-Dec

14
216.00

Administrative Expenses

216.00

phone

25.92

VAT paid
Bank

241.92

bank machala
p / r of the return payment factory Phone

28-Dec

15
box
tribuitario income tax credit 1%
sale
VAT charged
p / r sale s / f # 001-001-0000248 CIA Europe S.A. 155 shirts

28-Dec

16

3785.10
34.10

1240.00

cost of goods sold

finished goods inventory

p / r s cost sale / f # 001-001-0000248 CIA Europe sa 155 shirts

29-Dec

17
5116.88

production payroll
unified basic remuneration
overtime
extraordinary hours

5010
35.66
71.22

iess payable
personal contribution 9.45%

483.53

Bank

4633.35

demachala bank
p / r payment of production nimina

29-Dec

18
production payroll

1953.22

THIRTEENTH salary

426.40

fourteenth salary

265.50

Reserve fund

426.40

holidays

213.22

employer contribution

621.70

social benefits payable

THIRTEENTH loose

426.40

fourteenth salary

265.50

holidays

213.22

iess payable
employer contribution

621.70

Bank
bank machala

426.40

p / r social benefits payable

538882.36

TOTAL

MANAGER

ACCOUNTANT

GENERAL JOURNAL:
It is the book in which are recorded, following the principles of accounting
theory and in chronological order, all operations performed by a business
daily.
To the entries made in this book are known as "seats" or "journal entries"

It is the book in which are recorded, following the principles of accounting

theory and in chronological order, all operations performed by a business
daily.
To the entries made in this book are known as "seats" or "journal entries"

CREDIT

1790.00
55000.00
458590.00

2100.00
252.00

1200.00

156.80

80.00

4.35
15.67
186.98
280.48

76.50

9.18

1307.50

2313.50

442.70

1990.00

655.00

60.48

241.92

3410.00
409.20

OUNTANT

of accounting
by a business

urnal entries"

1240.00

483.53
4633.35

905.12

621.70
426.40

538882.36

of accounting
by a business

urnal entries"

INCOME STATEMENTS / PROFIT & LOSS STATEMENT

AT 31 DECEMBER 2015
SALES
(+)COST OF GOODS SOLD
(=)GROSS PROFIT FOR SALE
ORDINARY EXPENSES (OPERATIONAL)
ADMINISTRATION EXPENSES
FORM OF ENERGY
FORM TELEPHONE
ADMINISTRATIVE DEPARTMENT SUPPLIES
PAYROLL
PROVISIONS
DEPRECIATION BUILDING
DEPRECIATION OF COMPUTER EQUIPMENT
(=)OPERATIONAL UTILITY
(-) 15% OPERATIONAL UTILITY
(=) PROFIT BEFORE TAX
(-)22% INCOME TAX
(=) NET INCOME

MANAGER

655.00
216.00
153.62
1740.00
662.41
332.50
140.75

ACCOUNTANT

INCOME STATEMENTS / PROFIT & LOSS STATEMENT

It is a statement made by a document showing detail revenues,

expenses and profit or loss generated by the business in a given
period of time.

STATEMENT
1832192.16
88863.48
1921055.64

3900.28
1921055.64
287573.30
1629582.06
358508.05
1271074.01

CCOUNTANT

revenues,
in a given

CASH FLOW STATEMENT

FROM 01 JANUARY TO 31 DECEMBER 2015
On cash flow from operating activities
Cash received from customers
Cash paid for goods / services
Cash paid for salaries and other operating expenses
Cash paid for interest
Cash paid for taxes
Others
Total cash provided by operating activities
Cash flows from investing activities
Cash received from the sale of capital resources (equipment, etc.)
Cash received from the disposal of business segments
Cash received from the portfolio of receivables
Cash paid for purchase of capital resources
Cash paid for business acquisitions
Others
Total cash from investing activities
Cash flows from financing activities
Cash received from the issuance of shares
Cash received from long-term loans

$1,000
(400)
(250)
(56)
14
0
$308
$2,500
100
520
(750)
(300)
0
$2,070
$2,500
100

Cash paid for share repurchases

Cash paid for retirement of long-term debt
Cash paid for dividends
Others
Cash paid for business acquisitions
Increase (decrease) in cash during the period
Cash at beginning of period
Cash at end of period

MANAGER

(500)
(250)
(1,000)
0
$850
$3,228
1,520
$4,748

ACCOUNTANT

CASH FLOW STATEMENT

It is a state that reports on the use of monetary assets such as cash and cash equivalents
classifying the changes by activities and indicating the net change of this magnitude in the year.

RUC: 0706884809001

WHOLESALE AND RETAIL CLOTHING FOR MEN AND CHILDREN.

NORY LISETH MENPOR
ADDRESS:
RUC:
E-MAIL:
PHONE:
CITY:
Machala
CUSTOMER:Cia. Esperanza
ADDRESS: cdla. Los Jardines

SALVEGA
25 DE JUNIO/JUNIN
07089654120
01
nory.menporsalv@hotmail.com
2958-789
INVOICE DATE:
RUC:
PHONE:

CIA. ESPERANZA

INVOIC
E

SERIES N 001-001-000000150
Autorizacion SRI N
15415368
YEA
DAY
MONT
R
03
H
201
12
5
12/3/2015
0708598751001
2978442

RUC:
ADDRESS:
PHONE:

DESCRIPTION

UNIT PRICE

TOTAL

200

SHIRTS

14

2800

CONCEPT

TOTAL

NORY TEXTILE FACTORY

CUSTOMER

SUBTOTAL
SHIPPING
TAX (12%)
BALANCE DUE

2800
336
3.136

001-001-000000120

TAXABLE

RETENTION

FISCAL EXERCISE

SUBTOTAL

veinte y ocho

41457889

CITY:
Machala
070896541200
RUC:
1
N
12001
RETENCIN EN LA FUENTE DEL IMPUESTO A LA RENTA

2015
SUBTOTAL

OBSERVATIONS

WITHHOLDI
NG

Autorizacion SRI N

DATE
12/3/2015
BILL TO :
NORY TEXTILE FACTORY
TIPO DE COMPROBANTE:
Invoice
RETENCIN EN LA FUENTE DEL IVA
FISCAL EXERCISE

QUANTITY

0708598751001

Cdla. Los Jardines

2978442

CONCEPT

renta

TAXABLE

2800.00

RETENTION

1%

28.00
28.00

WHOLESALE AND RETAIL CLOTHING FOR MEN AND CHILDREN.

NORY LISETH MENPOR SALVEGA
ADDRESS: 25 DE JUNIO/JUNIN
RUC:
070896541200
1
E-MAIL:
nory.menporsalv@hotmail.com
PHONE:
2958-789

PAYROLL
N

NAME

I.D.

LOAD

WORKED
DAYS

JOSE PESANTEZ

703934042

ADMINISTRADOR

30

ESTELA RIOS

707895654

CONTADORA

30

CARMEN FREIRE

709654123

AUX.CONTABLE

30

SECRETARIA CAJA

30

AUX. SERVICIO

30

JEFE DE VENTAS

30

4
5
6

VICTOR CHALACO 708523547

OMAR VEGA

707845698

BRUNO CONDOY 705625998

CRISTOFER
PORRAS

704578962

VENDEDOR 1

30

SAMUEL LOPEZ

706587413

VENDEDOR 2

30

MANAGER

ACCOUNTANT

ND CHILDREN.

NTANT

SALARY
2850
1775
550
480
364
850
354
354