Personnel

Working
Days

No.

PAYROLL SCHEDULE
DEDUCTIONS
SSS

PhilHealth
ER
EE
ER EE
Employees in Operation
36,400

Pag-Ibig
ER
EE

Total
Deductions

Net
Monthly
Pay

No. of Months per

Year

Total
Salary Per
Year

260

26

Rih Anna
Christine
Hermoso

260

26

6760

525.7

254.3

100

100

139.36

139.36

493.66

6266.34

12

75196.08

260

26

6760

525.7

254.3

100

100

139.36

139.36

493.66

6266.34

12

Miley Cyprus

260

26

6760

525.7

254.3

100

100

139.36

139.36

493.66

6266.34

12

Hanna Montano

260

26

6760

525.7

254.3

100

100

139.36

139.36

493.66

6266.34

12

Katy Perry

260

26

6760

525.7

254.3

100

100

139.36

139.36

493.66

6266.34

12

75196.08
75196.08
75196.08
75196.08
375980.4
0
62716.08
62716.08
125432.1
6
0

LAUNDRESS

Monthly
Gross
Pay

TOTAL
ROUTE WORKER

220

26

5720

Jeremy Quintana

220

26

5720

525.7

254.3

100

100

139.36

139.36

493.66

5226.34

12

Gio Mejia

220

26

5720

525.7

254.3

100

100

139.36

139.36

493.66

5226.34

12

TOTAL
Employee in Security Section
SECURITY
GUARD:

Elbert Quintana
Sagre

215

26

215

5590
26

5590

525.7

254.3

100

100

139.36

139.36

493.66

5096.34

12

100

100

139.36

139.36

493.66

8606.34

12

4442.94

55487.06

12

61156.08
0
0
103276.0
8
665844.7
2

9634.94

12

115619.28

Employee in Finance
CASHIER:
Khrizza
Mansibang

350

26

350

9100
26

TOTAL

9100

525.7

254.3

56,810 4731.3 2288.7 900

900 1254.24 1254.24

"Employee's Contribution " ( EE) = 53, 315

"Employer's Contribution " (ER) = 82, 627

Employer
LAUNDRY MANAGER
Benjamin
Ladesma

400

26

10400

525.7

100

139.36

765.06

Machines

Type

PRE- OPERATING EXPENSES

Amount

Total

9 kg Top Load Washing Machines with T-Drive Washing

Technology

111975

7 kg Sensor Dry Dryer with Iron Aid

37990

149965

Water Tank
Exhaust Fan
Weighing Scale
Steam Flat Iron

10000
6000
3500
4380

23880

Equipment

Vehicle
Secondhand Van

150,000
18, 500
20, 800

Leasehold Improvements
Furniture and Fixtures
Advertising Expenses
Leaflets and Flyers
Tarpaulin

3000
2500

Gloves
Laundry Basket
Dipper
Hangers
Face Mask

500
2000
500
4000
1200

5,500

Supplies , etc

Plastic Basin
Tagging Paper
Ballpens
Scotch Tape
Record book
Calculator
Water Hose
Fire Extinguisher
Order Slip
Delivery Slip
Plastic Bag
1 sq. meter of black Shade Cloth
Plastic Container
Sando Bags

2000
9,000
450
500
100
200
1500
1600
1687.5
2600
1380
100
750
2750

32,818

Powder Detergents
Fabric Softener
Fabric Freshner
Liquid Bleach
Liquid Detergent
Paint, Oil and Grease Remover

19500
7600
10000
3280
5000
5000

50380

Cleaning Products

Duties and Licenses

2720

454, 563

TOTAL
\

DEPRECIATION TABLE
Quantity

Cost/Equipment/Furniture

total Acquisition
Cost

Scrap
Value

Est. Useful
Life

Annual
Dep'n

9kg Top Load Washing Machine with T-Drive Washing Technology

22395

111975

11197.5

10

10077.75

7kg Sensor Dry Dryer with Iron Aid - EDS7051

18995

37990

3799

10

3419.1

Steam Flat Iron

2190

4380

438

985.5

Direct Equipment-Overhead

14482.35

MultiCab

150000

150000

15000

10

13500

Water Tank

10000

10000

1000

1800

Weighing Scale

3500

3500

350

630

Exhaust Fan

6000

6000

600

1350

Administrative Equipment

17280

Total Depreciable Equipments

Building

323845

950000

950000

Furnitures and Fixtures

20800

Building Improvements

18500

Land

31762.35

20

42750

20800

4160

18500

3700

550,000

95000

Breakdown of Utilities (Indirect)

Description

Consumption per day

In 1 year

TOTAL

Gasoline

100

312

31200

Telephone

33.3

312

10389.6

Electricity

51.30058

312

16005.78096

105.625

312

32955

Water
TOTAL

90550.38096

Statement of Cost of Service Provided

YEAR 1
Inventory 1

0
Purchases

50380

Freight-In

2519

Total Purchases
Less:

Purchase discounts (5% of Purchases)

Net Purchases

Cost of Inventory Available for Use

Less:

52899
2519
50380
50380

Inventory end,
Cost of Inventory Used

Salaries of Direct Workers

2519
47861
501412.56

Total Depreciation of Direct Equipment

TOTAL COST OF SERVICES

14482.35
563755.91

WASH ME NAE NAE LAUNDRY SHOP

Statement of Financial Position

As of the Fiscal Year June 30, 2014

Current Assets
Cash
Inventories
Supplies
Total Current Assets

2,044,874
2,519
15299
2,062,692

Non Current Assets

Land
Building
Less: Accumulated Depreciation
Equpment
Less: Accumulated Depreciation
Building Improvements
Less: Accumulated Depreciation
Furniture and Fixtures
Less: Accumulated Depreciation
Total Non-Current Assets

550,000
950000
42750
323845
31762.35
18500
3700
20800
4160
1,780,773

Total Assets

3,843,464

LIABILITIES & OWNER'S EQUITY

Current Liabilities
Due to SSS
Due to Philhealth
Due to Pag-Ibig
Income Tax Payable
Total Current Liabilities
Non Current Liabilities
Loan Payable
Total Liabilities
Equity
Benjamin's Capital
Khrizza's Capital
Glenn's Capital
Victor's Capital
Marionne's Capital
Total Equity
Total Liabilities and Equity

63084
12000
16723.2
115097.0291
206904.2291
0
206904.2291
2021789.57
523365.6764
358855.9735
459529.1087
273019.4058
3636559.735
3843463.964

WASH ME NAE NAE LAUNDRY SHOP

Income Statement
As of the end of Fiscal Year June 30, 2014

Service Revenues
Less:

1513450.67
Discounts

Net Service Revenue

Less:

1,467,593.11

Cost of Services

Gross Profit
Less:

45857.5553

563755.91
903,837.20

EXPENSES
Salaries & Wages

218895.36

Depreciation - Office Equipment

17280

Depreciation- Building

42750

Depreciation-Building Improvements

3700

Depreciation-Furnitures and Fixtures

4160

Supplies
Advertising

32,818
5,500

SSS Contibution

63084

PhilHealth Contribution

12000

Pag-Ibig Contribution
Duties and Licenses
Utilities
Repair and Maintenance Expense
Total General and Administrative Expenses

16723.2
2720
90550.38096
10000
520180.441

Income before Tax

383,656.76

Income Tax (30%)

115097.0291

Income After Tax

268,559.73

WASH ME NAE NAE LAUNDRY SHOP

Statement of Cash Flows

As of the end of Fiscal Year June 30, 2014
Cash Provided/Used by Operating Activities
Cash Receipt from Sales & Services
Purchase of Inventory
Payment of Advertising Fee
Payment of Utilities Expense
Payment of Supplies
Payment of Repairs and Expense
Payment of Salaries/Wages
Payment of Duties and Licenses

AMOUNT
1,513,450.67
50380
5,500
90550.38096
32,818
10000
781464
2720

Payment of Withholding Tax

Payment of Income Tax

Net Cash Provided by Operating Activities

540,018.79

Cash Provide/Used from Investing Activities

Payment to Acquire Equipment

323845

Payment for Furnitures and Fixtures

20800

Payment for Building Improvements

18500

Net Cash Used in Investing Activities

363145

Cash Provided from Financing Activities

Cash Received as Investment by Partners
Payment for withdrawal by partners
Net Cash Provided by Financing Activities
TOTAL

2000000
132000
1868000
2,044,873.79

Wash Me NAE NAE Laundry Shop

Statement of changes in Partner's Equity

As of the End of Fiscal Year June 30, 2014

Benjamins
Capital

Beginning Balance

Add:Investment

Khrizza's
Capital

Glenn's
capital

Victor's
Capital

Marionne's
Capital

Total

1900000

500000

350000

450000

300000

3500000

Net Income (based on Capital Contribution)

268559.7346

145789.5702

268559.7346

38365.67637

268559.7346

26855.97346

268559.7346

34529.10874

268559.7346

Total

Less Withdrawal

Ending Capital Balance

23019.40582

2045789.57

538365.6764

376855.9735

484529.1087

323019.4058

268559.735

24000

15000

18000

25000

50000

132000

2021789.57

523365.6764

358855.9735

459529.1087

273019.4058

136559.735