jj

UOM PRICE PER UOM REQUIREMENT PER UNIT PRICE PER UNIT
DIRECT MATERIALS SANTAN FLOWERS KG 10.00 0.26 2.60
LEMON KG 75.00 0.03 2.25
SUGAR KG 56.00 0.17 9.52
WATER KG 3.00 0.71 2.13
GELATIN KG 100.00 0.003 0.30
JAR 3.50 1 3.50
Php 20.30 Raw Mats
DIRECT LABOR LABOR REQUIREMENT 5.00 PERSONS
NO OF HOURS PER YEAR 2,080.00
NO OF DAYS PER YEAR 260.00
DAILY SALARY 350.00
HOURLY SALARY 43.75
WORKING HOURS 8.00
TOTAL DIRECT LABOR PER DAY 1,750.00
TOTAL DIRECT LABOR PER YEAR 455,000.00
BUDGTED PRODUCTION 150,000.00
DIRECT LABOR RATE PER UNIT 3.03

DAILY PRODUCTION 576.92

DIRECT LABOR COST PER DAY 1,750.00
DIRECT LABOR RATE PER UNIT 3.0333333333

MANUFACTURING OVERHEAD
INDIRECT LABOR # MONTHLY SALARY YEARLY SALARY
FACTORY SUPERVISOR 1 13,500 13,500.00 162,000.00
QC OFFICER 1 14,600 14,600.00 175,200.00
SECURITY 3 12,400 37,200.00 446,400.00

FACTORY SUPPLIES # COST

FACE MASK 10 30 78,000.00 78,000.00
D. GLOVES 20 3 15,600.00 15,600.00
APRON 10 20 52,000.00 52,000.00
HAIR NET 10 10 26,000.00 26,000.00
BOOTS 10 70 182,000.00 182,000.00

DEPRECIATION - BUILDING 90,000.00 90,000.00

DEPRECIATION - DELIVERY TRUCK 77,143.00 77,143.00
DEPRECIATION - MACHINERY AND EQUIPMENT 43,350.00 43,350.00
UTILITIES 300,000.00 300,000.00
FACTORY PROPERTY TAX 720,800.00 720,800.00
FACTORY PROPERTY INSURANCE 12,000.00 12,000.00
FACTORY MACHINERY MAINTENANCE 150,000.00 150,000.00
MANUFACTURING OV. COST 2,530,493.00 16.87 PER UNIT

PRODUCT COST PER UNIT 40.20

RAW MATERIALS Php 20.30 VC 18.60
DIRECT LABOR 3.0333333333 VC 58.81
MOH 16.87 FC
TOTAL PRODUCT COST PER UNIT 40.20 S/P UNIT 56.28

CASH AVAILABLE Php 20,621,365.00

BUDGETED PRODUCTION 512,927.34 NO. OF UNITS TO PRODUCE
150,000.00

BUDGETED PRODUCTION 150,000.00

B. SALES 90% BUDGTED PROD. 135,000.00

JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER TOTAL 2019 2020 2021 2022
BUDGETED SALES 5000 6000 7000 8000 9500 10000 12000 13000 15000 15500 16000 18000 135,000.00 148,500.00 163,350.00 179,685.00 197,653.50
BUDGETED PRODUCTION 5,555.56 6,666.67 7,777.78 8,888.89 10,555.56 11,111.11 13,333.33 14,444.44 16,666.67 17,222.22 17,777.78 20,000.00 150,000.00 165,000.00 181,500.00 199,650.00 219,615.00

MATERIAL REQUIREMENTS
SANTAN FLOWERS JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER TOTAL 2018 2019 2020 2021 2022
BEGINNING INVENTORY - 144.44 173.33 202.22 231.11 274.44 288.89 346.67 375.56 433.33 447.78 462.22 - 520.00 4,290.00 4,719.00 5,190.90
PURCHASES 1,588.89 1,906.67 2,224.44 2,542.22 3,018.89 3,177.78 3,813.33 4,131.11 4,766.67 4,925.56 5,084.44 5,720.00 42,900.00 47,190.00 51,909.00 57,099.90 62,809.89
TOTAL NO. OF RAW MATERIALS 1,588.89 2,051.11 2,397.78 2,744.44 3,250.00 3,452.22 4,102.22 4,477.78 5,142.22 5,358.89 5,532.22 6,182.22 42,900.00 47,710.00 56,199.00 61,818.90 68,000.79
ENDING INVENTORY 144.44 173.33 202.22 231.11 274.44 288.89 346.67 375.56 433.33 447.78 462.22 520.00 520.00 4,290.00 4,719.00 5,190.90 5,709.99
RAW MATERIALS AVAILABLE FOR USE 1,444.44 1,877.78 2,195.56 2,513.33 2,975.56 3,163.33 3,755.56 4,102.22 4,708.89 4,911.11 5,070.00 5,662.22 42,380.00 43,420.00 51,480.00 56,628.00 62,290.80

LEMON JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER TOTAL
BEGINNING INVENTORY - 16.67 20.00 23.33 26.67 31.67 33.33 40.00 43.33 50.00 51.67 53.33 - 60.00 495.00 544.50 598.95
PURCHASES 183.33 220.00 256.67 293.33 348.33 366.67 440.00 476.67 550.00 568.33 586.67 660.00 4,950.00 5,445.00 5,989.50 6,588.45 7,247.30
TOTAL COST OF RAW MATERIALS 183.33 236.67 276.67 316.67 375.00 398.33 473.33 516.67 593.33 618.33 638.33 713.33 4,950.00 5,505.00 6,484.50 7,132.95 7,846.25
ENDING INVENTORY 16.67 20.00 23.33 26.67 31.67 33.33 40.00 43.33 50.00 51.67 53.33 60.00 60.00 495.00 544.50 598.95 658.85
RAW MATERIALS AVAILABLE FOR USE 166.67 216.67 253.33 290.00 343.33 365.00 433.33 473.33 543.33 566.67 585.00 653.33 4,890.00 5,010.00 5,940.00 6,534.00 7,187.40

SUGAR JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER TOTAL
BEGINNING INVENTORY - 94.44 113.33 132.22 151.11 179.44 188.89 226.67 245.56 283.33 292.78 302.22 - 340.00 2,805.00 3,085.50 3,394.05
PURCHASES 1,038.89 1,246.67 1,454.44 1,662.22 1,973.89 2,077.78 2,493.33 2,701.11 3,116.67 3,220.56 3,324.44 3,740.00 28,050.00 30,855.00 33,940.50 37,334.55 41,068.01
TOTAL COST OF RAW MATERIALS 1,038.89 1,341.11 1,567.78 1,794.44 2,125.00 2,257.22 2,682.22 2,927.78 3,362.22 3,503.89 3,617.22 4,042.22 28,050.00 31,195.00 36,745.50 40,420.05 44,462.06
ENDING INVENTORY 94.44 113.33 132.22 151.11 179.44 188.89 226.67 245.56 283.33 292.78 302.22 340.00 340.00 2,805.00 3,085.50 3,394.05 3,733.46
RAW MATERIALS AVAILABLE FOR USE 944.44 1,227.78 1,435.56 1,643.33 1,945.56 2,068.33 2,455.56 2,682.22 3,078.89 3,211.11 3,315.00 3,702.22 27,710.00 28,390.00 33,660.00 37,026.00 40,728.60

WATER JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER TOTAL
BEGINNING INVENTORY - 394.44 473.33 552.22 631.11 749.44 788.89 946.67 1,025.56 1,183.33 1,222.78 1,262.22 - 1,420.00 11,715.00 12,886.50 14,175.15
PURCHASES 4,338.89 5,206.67 6,074.44 6,942.22 8,243.89 8,677.78 10,413.33 11,281.11 13,016.67 13,450.56 13,884.44 15,620.00 117,150.00 128,865.00 141,751.50 155,926.65 171,519.32
TOTAL COST OF RAW MATERIALS 4,338.89 5,601.11 6,547.78 7,494.44 8,875.00 9,427.22 11,202.22 12,227.78 14,042.22 14,633.89 15,107.22 16,882.22 117,150.00 130,285.00 153,466.50 168,813.15 185,694.47
ENDING INVENTORY 394.44 473.33 552.22 631.11 749.44 788.89 946.67 1,025.56 1,183.33 1,222.78 1,262.22 1,420.00 1,420.00 11,715.00 12,886.50 14,175.15 15,592.67
RAW MATERIALS AVAILABLE FOR USE 3,944.44 5,127.78 5,995.56 6,863.33 8,125.56 8,638.33 10,255.56 11,202.22 12,858.89 13,411.11 13,845.00 15,462.22 115,730.00 118,570.00 140,580.00 154,638.00 170,101.80

GELATIN JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER TOTAL
BEGINNING INVENTORY - 1.67 2.00 2.33 2.67 3.17 3.33 4.00 4.33 5.00 5.17 5.33 - 495.00 49.50 54.45 59.90
PURCHASES 18.33 22.00 25.67 29.33 34.83 36.67 44.00 47.67 55.00 56.83 58.67 66.00 495.00 544.50 598.95 658.85 724.73
TOTAL COST OF RAW MATERIALS 18.33 23.67 27.67 31.67 37.50 39.83 47.33 51.67 59.33 61.83 63.83 71.33 495.00 1,039.50 648.45 713.30 784.62
ENDING INVENTORY 1.67 2.00 2.33 2.67 3.17 3.33 4.00 4.33 5.00 5.17 5.33 6.00 6.00 49.50 54.45 59.90 65.88
RAW MATERIALS AVAILABLE FOR USE 16.67 21.67 25.33 29.00 34.33 36.50 43.33 47.33 54.33 56.67 58.50 65.33 489.00 990.00 594.00 653.40 718.74

JAR JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER TOTAL
BEGINNING INVENTORY - 555.56 666.67 777.78 888.89 1,055.56 1,111.11 1,333.33 1,444.44 1,666.67 1,722.22 1,777.78 - 2,000.00 16,500.00 18,150.00 19,965.00
PURCHASES 6,111.11 7,333.33 8,555.56 9,777.78 11,611.11 12,222.22 14,666.67 15,888.89 18,333.33 18,944.44 19,555.56 22,000.00 165,000.00 181,500.00 199,650.00 219,615.00 241,576.50
TOTAL COST OF RAW MATERIALS 6,111.11 7,888.89 9,222.22 10,555.56 12,500.00 13,277.78 15,777.78 17,222.22 19,777.78 20,611.11 21,277.78 23,777.78 165,000.00 183,500.00 216,150.00 237,765.00 261,541.50
ENDING INVENTORY 555.56 666.67 777.78 888.89 1,055.56 1,111.11 1,333.33 1,444.44 1,666.67 1,722.22 1,777.78 2,000.00 2,000.00 16,500.00 18,150.00 19,965.00 21,961.50
RAW MATERIALS AVAILABLE FOR USE 5,555.56 7,222.22 8,444.44 9,666.67 11,444.44 12,166.67 14,444.44 15,777.78 18,111.11 18,888.89 19,500.00 21,777.78 163,000.00 167,000.00 198,000.00 217,800.00 239,580.00
 PRE-OPS JAN 2018 FEB 2018 MAR 2018 APR 2018
SALES 281,423.01 337,707.61 393,992.21 450,276.81
SALES RETURNS AND ALLOWANCES (1.5% O (4,221.35) (5,065.61) (5,909.88) (6,754.15)
SALES DISCOUNTS (1% OF SALES) (2,814.23) (3,377.08) (3,939.92) (4,502.77)
NET SALES 274,387.43 329,264.92 384,142.40 439,019.89
MAY 2018 JUN 2018 JUL 2018 AUG 2018 SEP 2018 OCT 2018 NOV 2018
534,703.71 562,846.01 675,415.22 731,699.82 844,269.02 872,411.32 900,553.62
(8,020.56) (8,442.69) (10,131.23) (10,975.50) (12,664.04) (13,086.17) (13,508.30)
(5,347.04) (5,628.46) (6,754.15) (7,317.00) (8,442.69) (8,724.11) (9,005.54)
521,336.12 548,774.86 658,529.84 713,407.32 823,162.29 850,601.04 878,039.78
 DEC 2018 2018 2019 2020 2021 2022
1,013,122.82 7,598,421.18 8,358,263.30 9,194,089.63 10,113,498.59 11,124,848.45
(15,196.84) (113,976.32) (125,373.95) (137,911.34) (151,702.48) (166,872.73)
(10,131.23) (75,984.21) (83,582.63) (91,940.90) (101,134.99) (111,248.48)
987,794.75 7,408,460.65 8,149,306.72 8,964,237.39 9,860,661.13 10,846,727.24
 PRE-OPS JAN 2018 FEB 2018
COST OF SALES
DIRECT MATERIALS USED:
RAW MATERIALS BEG. 24,811.11
RAW MATERIALS PURCHASES
SANTAN 15,888.89 19,066.67
LEMON 13,750.00 16,500.00
SUGAR 58,177.78 69,813.33
WATER 13,016.67 15,620.00
GELATIN 1,833.33 2,200.00
JAR 21,388.89 25,666.67
TOTAL COST OF RAW MATERIALS 124,055.56 173,677.78
ENDING INVENTORY - ENDING INVENTORY
SANTAN 1,444.44 1,733.33
LEMON 1,250.00 1,500.00
SUGAR 5,288.89 6,346.67
WATER 1,183.33 1,420.00
GELATIN 166.67 200.00
JAR 1,944.44 2,333.33
DIRECT MATERIALS USED: 112,777.78 160,144.44

DIRECT LABOR 16,851.85 20,222.22

MANUFACTURING OVERHEAD
DEPRECIATION - BUILDING 7,500.00 7,500.00
DEPRECIATION - DELIVERY TRUCK 6,428.58 6,428.58
DEPRECIATION - MACHINERY AND EQUIPMENT 3,612.50 3,612.50
UTILITIES 25,000.00 25,000.00
FACTORY PROPERTY TAX 60,066.67 60,066.67
FACTORY PROPERTY INSURANCE 1,000.00 1,000.00
FACTORY MACHINERY MAINTENANCE 12,500.00 12,500.00
TOTAL MANUFACTURING OVERHEAD 116,107.75 116,107.75

TOTAL MANUFACTURING COST 245,737.38 296,474.42

ADD: WORK IN PROCESS BEGINNING - 12,286.87

TOTAL COST OF GOODS PUT INTO PROCESS 245,737.38 308,761.28
LESS WORK IN PROCESS ENDING (5% TMC) (12,286.87) (14,823.72)
TOTAL COST OF GOODS MANUFACTURED 233,450.51 293,937.56
ADD: FINISHED GOODS INVENTORY BEGINNING - 11,672.53
TOTAL COST OF GOODS AVAILABLE FOR SALE 233,450.51 305,610.09
LESS: FINISHED GOODS INVENTORY ENDING (5% COGM) (11,672.53) (14,696.88)
TOTAL COST OF GOODS SOLD 221,777.99 290,913.21
MAR 2018 APR 2018 MAY 2018 JUN 2018 JUL 2018 AUG 2018 SEP 2018

13,533.33 15,788.89 18,044.44 21,427.78 22,555.56 27,066.67 29,322.22

22,244.44 25,422.22 30,188.89 31,777.78 38,133.33 41,311.11 47,666.67

19,250.00 22,000.00 26,125.00 27,500.00 33,000.00 35,750.00 41,250.00
81,448.89 93,084.44 110,537.78 116,355.56 139,626.67 151,262.22 174,533.33
18,223.33 20,826.67 24,731.67 26,033.33 31,240.00 33,843.33 39,050.00
2,566.67 2,933.33 3,483.33 3,666.67 4,400.00 4,766.67 5,500.00
29,944.44 34,222.22 40,638.89 42,777.78 51,333.33 55,611.11 64,166.67
187,211.11 214,277.78 253,750.00 269,538.89 320,288.89 349,611.11 401,488.89

2,022.22 2,311.11 2,744.44 2,888.89 3,466.67 3,755.56 4,333.33

1,750.00 2,000.00 2,375.00 2,500.00 3,000.00 3,250.00 3,750.00
7,404.44 8,462.22 10,048.89 10,577.78 12,693.33 13,751.11 15,866.67
1,656.67 1,893.33 2,248.33 2,366.67 2,840.00 3,076.67 3,550.00
233.33 266.67 316.67 333.33 400.00 433.33 500.00
2,722.22 3,111.11 3,694.44 3,888.89 4,666.67 5,055.56 5,833.33
171,422.22 196,233.33 232,322.22 246,983.33 293,222.22 320,288.89 367,655.56

23,592.59 26,962.96 32,018.52 33,703.70 40,444.44 43,814.81 50,555.56

7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00

6,428.58 6,428.58 6,428.58 6,428.58 6,428.58 6,428.58 6,428.58
3,612.50 3,612.50 3,612.50 3,612.50 3,612.50 3,612.50 3,612.50
25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00
60,066.67 60,066.67 60,066.67 60,066.67 60,066.67 60,066.67 60,066.67
1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00
116,107.75 116,107.75 116,107.75 116,107.75 116,107.75 116,107.75 116,107.75

311,122.56 339,304.05 380,448.49 396,794.79 449,774.42 480,211.45 534,318.86

14,823.72 15,556.13 16,965.20 19,022.42 19,839.74 22,488.72 24,010.57

325,946.29 354,860.17 397,413.69 415,817.21 469,614.16 502,700.17 558,329.43
(15,556.13) (16,965.20) (19,022.42) (19,839.74) (22,488.72) (24,010.57) (26,715.94)
310,390.16 337,894.97 378,391.27 395,977.47 447,125.44 478,689.60 531,613.49
14,696.88 15,519.51 16,894.75 18,919.56 19,798.87 22,356.27 23,934.48
325,087.04 353,414.48 395,286.02 414,897.04 466,924.31 501,045.87 555,547.97
(15,519.51) (16,894.75) (18,919.56) (19,798.87) (22,356.27) (23,934.48) (26,580.67)
309,567.53 336,519.73 376,366.45 395,098.16 444,568.04 477,111.39 528,967.30
OCT 2018 NOV 2018 DEC 2018 2018 2019 2020

33,833.33 34,961.11 36,088.89 - 40,600.00 334,950.00

49,255.56 50,844.44 57,200.00 429,000.00 471,900.00 519,090.00

42,625.00 44,000.00 49,500.00 371,250.00 408,375.00 449,212.50
180,351.11 186,168.89 209,440.00 1,570,800.00 1,727,880.00 1,900,668.00
40,351.67 41,653.33 46,860.00 351,450.00 386,595.00 425,254.50
5,683.33 5,866.67 6,600.00 49,500.00 54,450.00 59,895.00
66,305.56 68,444.44 77,000.00 577,500.00 635,250.00 698,775.00
418,405.56 431,938.89 482,688.89 3,349,500.00 3,725,050.00 4,387,845.00

4,477.78 4,622.22 5,200.00 5,200.00 42,900.00 47,190.00

3,875.00 4,000.00 4,500.00 4,500.00 37,125.00 40,837.50
16,395.56 16,924.44 19,040.00 19,040.00 157,080.00 172,788.00
3,668.33 3,786.67 4,260.00 4,260.00 35,145.00 38,659.50
516.67 533.33 600.00 600.00 4,950.00 5,445.00
6,027.78 6,222.22 7,000.00 7,000.00 57,750.00 63,525.00
383,444.44 395,850.00 442,088.89 3,308,900.00 3,390,100.00 4,019,400.00

52,240.74 53,925.93 60,666.67 455,000.00 500,500.00 550,550.00

7,500.00 7,500.00 7,500.00 90,000.00 90,000.00 90,000.00

6,428.58 6,428.58 6,428.58 77,143.00 77,143.00 77,143.00
3,612.50 3,612.50 3,612.50 43,350.00 43,350.00 43,350.00
25,000.00 25,000.00 25,000.00 300,000.00 300,000.00 300,000.00
60,066.67 60,066.67 60,066.67 720,800.00 720,800.00 720,800.00
1,000.00 1,000.00 1,000.00 12,000.00 12,000.00 12,000.00
12,500.00 12,500.00 12,500.00 150,000.00 150,000.00 150,000.00
116,107.75 116,107.75 116,107.75 1,393,293.00 1,393,293.00 1,393,293.00

551,792.94 565,883.68 618,863.31 5,157,193.00 5,283,893.00 5,963,243.00

26,715.94 27,589.65 28,294.18 - 30,943.17 264,194.65

578,508.88 593,473.32 647,157.49 5,157,193.00 5,314,836.17 6,227,437.65
(27,589.65) (28,294.18) (30,943.17) (30,943.17) (264,194.65) (298,162.15)
550,919.23 565,179.14 616,214.32 5,126,249.83 5,050,641.52 5,929,275.50
26,580.67 27,545.96 28,258.96 - 30,810.72 252,532.08
577,499.91 592,725.10 644,473.28 5,126,249.83 5,081,452.23 6,181,807.58
(27,545.96) (28,258.96) (30,810.72) (30,810.72) (252,532.08) (296,463.78)
549,953.94 564,466.14 613,662.56 5,095,439.12 4,828,920.16 5,885,343.80
 2021 2022

368,445.00 405,289.50

570,999.00 628,098.90
494,133.75 543,547.13
2,090,734.80 2,299,808.28
467,779.95 514,557.95
65,884.50 72,472.95
768,652.50 845,517.75
4,826,629.50 5,309,292.45

51,909.00 57,099.90
44,921.25 49,413.38
190,066.80 209,073.48
42,525.45 46,778.00
5,989.50 6,588.45
69,877.50 76,865.25
4,421,340.00 4,863,474.00

605,605.00 666,165.50

90,000.00 90,000.00
77,143.00 77,143.00
43,350.00 43,350.00
300,000.00 300,000.00
720,800.00 720,800.00
12,000.00 12,000.00
150,000.00 150,000.00
1,393,293.00 1,393,293.00

6,420,238.00 6,922,932.50

298,162.15 321,011.90
6,718,400.15 7,243,944.40
(321,011.90) (346,146.63)
6,397,388.25 6,897,797.78
296,463.78 319,869.41
6,693,852.03 7,217,667.19
(319,869.41) (344,889.89)
6,373,982.61 6,872,777.30
 Employee Benefits Employee Benefits Pag-IBIG PhilHealth SSS
Position Monthly Salary 13th Month Pay Total Annual Salary Employee Share Employer Share No. Monthly Share Annual Share Employee Share Employer Share Monthly Share Annual Share Employee Share Employer Share Monthly Share Annual Share
President 25,000 25,000 325000 100 100 1 200 2400 437.5 437.5 875 10500 581.3 1208.7 1790 21480
Vice President 22,000 22,000 286000 100 100 1 200 2400 437.5 437.5 875 10500 581.3 1208.7 1790 21480
Finance 18,000.00 18,000 234000 100 100 1 200 2400 408.55 408.55 817.1 9805.2 581.3 1208.7 1790 21480
Marketing 18,000.00 18,000 234000 100 100 1 200 2400 408.55 408.55 817.1 9805.2 581.3 1208.7 1790 21480
Human Resource 16,000.00 16,000 208000 100 100 1 200 2400 340.98 340.98 681.96 8183.52 581.3 1208.7 1790 21480
Operations 18,000.00 18,000 234000 100 100 1 200 2400 264.2 264.2 528.4 6340.8 581.3 1208.7 1790 21480
Sales Staf 15,000.00 15,000 195000 100 100 1 200 2400 264.2 264.2 528.4 6340.8 581.3 1208.7 1790 21480
Accounts & Treasury 20,000.00 20,000 260000 100 100 1 200 2400 408.55 408.55 817.1 9805.2 581.3 1208.7 1790 21480
Quality Officer 15000 15,000 195000 100 100 1 200 2400 264.2 264.2 528.4 6340.8 581.3 1208.7 1790 21480
292541.5
21600 77621.52 193320
Total Salary 2171000
 JAN 2018 FEB 2018 MAR 2018 APR 2018 MAY 2018
Output Tax 33,770.76 40,524.91 47,279.07 54,033.22 64,164.45
Input Tax 14,886.67 17,864.00 20,841.33 23,818.67 28,284.67
VAT Payable 18,884.09 22,660.91 26,437.73 30,214.55 35,879.78
JUN 2018 JUL 2018 AUG 2018 SEP 2018 OCT 2018 NOV 2018 DEC 2018
67,541.52 81,049.83 87,803.98 101,312.28 104,689.36 108,066.43 121,574.74
29,773.33 35,728.00 38,705.33 44,660.00 46,148.67 47,637.33 53,592.00
37,768.19 45,321.83 49,098.64 56,652.28 58,540.69 60,429.10 67,982.74
 2018 2019 2020 2021 2022
121,574.74 1,002,991.60 1,103,290.76 1,213,619.83 1,334,981.81
53,592.00 442,134.00 486,347.40 534,982.14 588,480.35
67,982.74 560,857.60 616,943.36 678,637.69 746,501.46
 PRE-OPS JAN 2018
NET SALES 274,387.43

TOTAL COST OF GOODS SOLD 221,777.99

GROSS PROFIT 52,609.45

OPERATING EXPENSES
SALARIES AND WAGES EXP 180,916.67
SSS PhilHealth Pag-ibig 24,378.46
DELIVERY EXPENSES 3,166.01
REGISTRATION FEE 833.33
TAXES AND LICENSES 20,000.00 -
LABOR 91,000.00 -
TOTAL OPERATING EXPENSES 209,294.47

NET INCOME BEFORE TAXES (111,000.00) (156,685.02)

INCOME TAXES
NET INCOME AFTER TAXES (111,000.00) (156,685.02)
FEB 2018 MAR 2018 APR 2018 MAY 2018 JUN 2018 JUL 2018 AUG 2018
329,264.92 384,142.40 439,019.89 521,336.12 548,774.86 658,529.84 713,407.32

290,913.21 309,567.53 336,519.73 376,366.45 395,098.16 444,568.04 477,111.39

38,351.71 74,574.88 102,500.16 144,969.67 153,676.70 213,961.80 236,295.93

180,916.67 180,916.67 180,916.67 180,916.67 180,916.67 180,916.67 180,916.67

24,378.46 24,378.46 24,378.46 24,378.46 24,378.46 24,378.46 24,378.46
3,166.01 3,166.01 3,166.01 3,166.01 3,166.01 3,166.01 3,166.01
833.33 833.33 833.33 833.33 833.33 833.33 833.33
- - - - - - -
- - - - - - -
209,294.47 209,294.47 209,294.47 209,294.47 209,294.47 209,294.47 209,294.47

(170,942.76) (134,719.59) (106,794.31) (64,324.80) (55,617.77) 4,667.33 27,001.46

(170,942.76) (134,719.59) (106,794.31) (64,324.80) (55,617.77) 4,667.33 27,001.46

SEP 2018 OCT 2018 NOV 2018 DEC 2018 2018 2019 2020
823,162.29 850,601.04 878,039.78 987,794.75 7,408,460.65 8,149,306.72 8,964,237.39

528,967.30 549,953.94 564,466.14 613,662.56 5,095,439.12 4,828,920.16 5,885,343.80

294,195.00 300,647.09 313,573.64 374,132.19 2,313,021.53 3,320,386.56 3,078,893.59

180,916.67 180,916.67 180,916.67 180,916.67 2,171,000.00 2,171,000.00 2,171,000.00

24,378.46 24,378.46 24,378.46 24,378.46 292,541.52 292,541.52 292,541.52
3,166.01 3,166.01 3,166.01 3,166.01 37,992.11 37,992.11 37,992.11
833.33 833.33 833.33 833.33 10,000.00 10,000.00 10,000.00
- - - - - -
- - - - - -
209,294.47 209,294.47 209,294.47 209,294.47 2,511,533.63 2,511,533.63 2,511,533.63

84,900.53 91,352.62 104,279.17 164,837.72 (198,512.09) 808,852.93 567,359.96

(59,554.00) (59,554.00) 242,656.00 170,208.00
84,900.53 91,352.62 104,279.17 224,391.72 (138,958.09) 566,196.93 397,151.96
 2021 2022
9,860,661.13 10,846,727.24

6,373,982.61 6,872,777.30

3,486,678.51 3,973,949.94

2,171,000.00 2,171,000.00
292,541.52 292,541.52
37,992.11 37,992.11
10,000.00 10,000.00
- -
- -
2,511,533.63 2,511,533.63

975,144.89 1,462,416.31
292,543.00 438,725.00
682,601.89 1,023,691.31
 PRE-OPS JAN 2018 FEB 2018 MAR 2018 APR 2018 MAY 2018 JUN 2018 JUL 2018 AUG 2018 SEP 2018 OCT 2018 NOV 2018 DEC 2018 2018 2019 2020 2021 2022
SALES 281,423.01 337,707.61 393,992.21 450,276.81 534,703.71 562,846.01 675,415.22 731,699.82 844,269.02 872,411.32 900,553.62 1,013,122.82 7,598,421.18 8,358,263.30 9,194,089.63 10,113,498.59 11,124,848.45
SALES RETURNS AND ALLOWANCES (1.5% OF SALES) (4,221.35) (5,065.61) (5,909.88) (6,754.15) (8,020.56) (8,442.69) (10,131.23) (10,975.50) (12,664.04) (13,086.17) (13,508.30) (15,196.84) (113,976.32) (125,373.95) (137,911.34) (151,702.48) (166,872.73)
SALES DISCOUNTS (1% OF SALES) (2,814.23) (3,377.08) (3,939.92) (4,502.77) (5,347.04) (5,628.46) (6,754.15) (7,317.00) (8,442.69) (8,724.11) (9,005.54) (10,131.23) (75,984.21) (83,582.63) (91,940.90) (101,134.99) (111,248.48)
NET SALES 274,387.43 329,264.92 384,142.40 439,019.89 521,336.12 548,774.86 658,529.84 713,407.32 823,162.29 850,601.04 878,039.78 987,794.75 7,408,460.65 8,149,306.72 8,964,237.39 9,860,661.13 10,846,727.24

COST OF SALES
DIRECT MATERIALS USED:
RAW MATERIALS BEG. 11,277.78 13,533.33 15,788.89 18,044.44 21,427.78 22,555.56 27,066.67 29,322.22 33,833.33 34,961.11 36,088.89 - 40,600.00 334,950.00 368,445.00 405,289.50
RAW MATERIALS PURCHASES
SANTAN 15,888.89 19,066.67 22,244.44 25,422.22 30,188.89 31,777.78 38,133.33 41,311.11 47,666.67 49,255.56 50,844.44 57,200.00 429,000.00 471,900.00 519,090.00 570,999.00 628,098.90
LEMON 13,750.00 16,500.00 19,250.00 22,000.00 26,125.00 27,500.00 33,000.00 35,750.00 41,250.00 42,625.00 44,000.00 49,500.00 371,250.00 408,375.00 449,212.50 494,133.75 543,547.13
SUGAR 58,177.78 69,813.33 81,448.89 93,084.44 110,537.78 116,355.56 139,626.67 151,262.22 174,533.33 180,351.11 186,168.89 209,440.00 1,570,800.00 1,727,880.00 1,900,668.00 2,090,734.80 2,299,808.28
WATER 13,016.67 15,620.00 18,223.33 20,826.67 24,731.67 26,033.33 31,240.00 33,843.33 39,050.00 40,351.67 41,653.33 46,860.00 351,450.00 386,595.00 425,254.50 467,779.95 514,557.95
GELATIN 1,833.33 2,200.00 2,566.67 2,933.33 3,483.33 3,666.67 4,400.00 4,766.67 5,500.00 5,683.33 5,866.67 6,600.00 49,500.00 54,450.00 59,895.00 65,884.50 72,472.95
JAR 21,388.89 25,666.67 29,944.44 34,222.22 40,638.89 42,777.78 51,333.33 55,611.11 64,166.67 66,305.56 68,444.44 77,000.00 577,500.00 635,250.00 698,775.00 768,652.50 845,517.75
TOTAL COST OF RAW MATERIALS 124,055.56 160,144.44 187,211.11 214,277.78 253,750.00 269,538.89 320,288.89 349,611.11 401,488.89 418,405.56 431,938.89 482,688.89 3,349,500.00 3,725,050.00 4,387,845.00 4,826,629.50 5,309,292.45
ENDING INVENTORY - ENDING INVENTORY
SANTAN 1,444.44 1,733.33 2,022.22 2,311.11 2,744.44 2,888.89 3,466.67 3,755.56 4,333.33 4,477.78 4,622.22 5,200.00 5,200.00 42,900.00 47,190.00 51,909.00 57,099.90
LEMON 1,250.00 1,500.00 1,750.00 2,000.00 2,375.00 2,500.00 3,000.00 3,250.00 3,750.00 3,875.00 4,000.00 4,500.00 4,500.00 37,125.00 40,837.50 44,921.25 49,413.38
SUGAR 5,288.89 6,346.67 7,404.44 8,462.22 10,048.89 10,577.78 12,693.33 13,751.11 15,866.67 16,395.56 16,924.44 19,040.00 19,040.00 157,080.00 172,788.00 190,066.80 209,073.48
WATER 1,183.33 1,420.00 1,656.67 1,893.33 2,248.33 2,366.67 2,840.00 3,076.67 3,550.00 3,668.33 3,786.67 4,260.00 4,260.00 35,145.00 38,659.50 42,525.45 46,778.00
GELATIN 166.67 200.00 233.33 266.67 316.67 333.33 400.00 433.33 500.00 516.67 533.33 600.00 600.00 4,950.00 5,445.00 5,989.50 6,588.45
JAR 1,944.44 2,333.33 2,722.22 3,111.11 3,694.44 3,888.89 4,666.67 5,055.56 5,833.33 6,027.78 6,222.22 7,000.00 7,000.00 57,750.00 63,525.00 69,877.50 76,865.25
DIRECT MATERIALS USED: 112,777.78 146,611.11 171,422.22 196,233.33 232,322.22 246,983.33 293,222.22 320,288.89 367,655.56 383,444.44 395,850.00 442,088.89 3,308,900.00 3,390,100.00 4,019,400.00 4,421,340.00 4,863,474.00

DIRECT LABOR 16,851.85 20,222.22 23,592.59 26,962.96 32,018.52 33,703.70 40,444.44 43,814.81 50,555.56 52,240.74 53,925.93 60,666.67 455,000.00 500,500.00 550,550.00 605,605.00 666,165.50

MANUFACTURING OVERHEAD
DEPRECIATION - BUILDING 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 90,000.00 90,000.00 90,000.00 90,000.00 90,000.00
DEPRECIATION - DELIVERY TRUCK 6,428.58 6,428.58 6,428.58 6,428.58 6,428.58 6,428.58 6,428.58 6,428.58 6,428.58 6,428.58 6,428.58 6,428.58 77,143.00 77,143.00 77,143.00 77,143.00 77,143.00
DEPRECIATION - MACHINERY AND EQUIPMENT 3,612.50 3,612.50 3,612.50 3,612.50 3,612.50 3,612.50 3,612.50 3,612.50 3,612.50 3,612.50 3,612.50 3,612.50 43,350.00 43,350.00 43,350.00 43,350.00 43,350.00
UTILITIES 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 300,000.00 300,000.00 300,000.00 300,000.00 300,000.00
FACTORY PROPERTY TAX 60,066.67 60,066.67 60,066.67 60,066.67 60,066.67 60,066.67 60,066.67 60,066.67 60,066.67 60,066.67 60,066.67 60,066.67 720,800.00 720,800.00 720,800.00 720,800.00 720,800.00
FACTORY PROPERTY INSURANCE 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00
FACTORY MACHINERY MAINTENANCE 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 150,000.00 150,000.00 150,000.00 150,000.00 150,000.00
TOTAL MANUFACTURING OVERHEAD 116,107.75 116,107.75 116,107.75 116,107.75 116,107.75 116,107.75 116,107.75 116,107.75 116,107.75 116,107.75 116,107.75 116,107.75 1,393,293.00 1,393,293.00 1,393,293.00 1,393,293.00 1,393,293.00

TOTAL MANUFACTURING COST 245,737.38 282,941.08 311,122.56 339,304.05 380,448.49 396,794.79 449,774.42 480,211.45 534,318.86 551,792.94 565,883.68 618,863.31 5,157,193.00 5,283,893.00 5,963,243.00 6,420,238.00 6,922,932.50

ADD: WORK IN PROCESS BEGINNING - 12,286.87 14,147.05 15,556.13 16,965.20 19,022.42 19,839.74 22,488.72 24,010.57 26,715.94 27,589.65 28,294.18 - 30,943.17 264,194.65 298,162.15 321,011.90
TOTAL COST OF GOODS PUT INTO PROCESS 245,737.38 295,227.95 325,269.62 354,860.17 397,413.69 415,817.21 469,614.16 502,700.17 558,329.43 578,508.88 593,473.32 647,157.49 5,157,193.00 5,314,836.17 6,227,437.65 6,718,400.15 7,243,944.40
LESS WORK IN PROCESS ENDING (5% TMC) (12,286.87) (14,147.05) (15,556.13) (16,965.20) (19,022.42) (19,839.74) (22,488.72) (24,010.57) (26,715.94) (27,589.65) (28,294.18) (30,943.17) (30,943.17) (264,194.65) (298,162.15) (321,011.90) (346,146.63)
TOTAL COST OF GOODS MANUFACTURED 233,450.51 281,080.90 309,713.49 337,894.97 378,391.27 395,977.47 447,125.44 478,689.60 531,613.49 550,919.23 565,179.14 616,214.32 5,126,249.83 5,050,641.52 5,929,275.50 6,397,388.25 6,897,797.78
ADD: FINISHED GOODS INVENTORY BEGINNING - 11,672.53 14,054.04 15,485.67 16,894.75 18,919.56 19,798.87 22,356.27 23,934.48 26,580.67 27,545.96 28,258.96 - 30,810.72 252,532.08 296,463.78 319,869.41
TOTAL COST OF GOODS AVAILABLE FOR SALE 233,450.51 292,753.42 323,767.54 353,380.65 395,286.02 414,897.04 466,924.31 501,045.87 555,547.97 577,499.91 592,725.10 644,473.28 5,126,249.83 5,081,452.23 6,181,807.58 6,693,852.03 7,217,667.19
LESS: FINISHED GOODS INVENTORY ENDING (5% COGM) (11,672.53) (14,054.04) (15,485.67) (16,894.75) (18,919.56) (19,798.87) (22,356.27) (23,934.48) (26,580.67) (27,545.96) (28,258.96) (30,810.72) (30,810.72) (252,532.08) (296,463.78) (319,869.41) (344,889.89)
TOTAL COST OF GOODS SOLD 221,777.99 278,699.38 308,281.86 336,485.90 376,366.45 395,098.16 444,568.04 477,111.39 528,967.30 549,953.94 564,466.14 613,662.56 5,095,439.12 4,828,920.16 5,885,343.80 6,373,982.61 6,872,777.30

GROSS PROFIT 52,609.45 50,565.54 75,860.54 102,533.99 144,969.67 153,676.70 213,961.80 236,295.93 294,195.00 300,647.09 313,573.64 374,132.19 2,313,021.53 3,320,386.56 3,078,893.59 3,486,678.51 3,973,949.94

OPERATING EXPENSES
SALARIES AND WAGES EXP 180,916.67 180,916.67 180,916.67 180,916.67 180,916.67 180,916.67 180,916.67 180,916.67 180,916.67 180,916.67 180,916.67 180,916.67 2,171,000.00 2,171,000.00 2,171,000.00 2,171,000.00 2,171,000.00
SSS PhilHealth Pag-ibig 24,378.46 24,378.46 24,378.46 24,378.46 24,378.46 24,378.46 24,378.46 24,378.46 24,378.46 24,378.46 24,378.46 24,378.46 292,541.52 292,541.52 292,541.52 292,541.52 292,541.52
DELIVERY EXPENSES 3,166.01 3,166.01 3,166.01 3,166.01 3,166.01 3,166.01 3,166.01 3,166.01 3,166.01 3,166.01 3,166.01 3,166.01 37,992.11 37,992.11 37,992.11 37,992.11 37,992.11
REGISTRATION FEE 833.33 833.33 833.33 833.33 833.33 833.33 833.33 833.33 833.33 833.33 833.33 833.33 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00
TAXES AND LICENSES 20,000.00 - - - - - - - - - - - - - - - -
LABOR 91,000.00 - - - - - - - - - - - - - - - -
TOTAL OPERATING EXPENSES 209,294.47 209,294.47 209,294.47 209,294.47 209,294.47 209,294.47 209,294.47 209,294.47 209,294.47 209,294.47 209,294.47 209,294.47 2,511,533.63 2,511,533.63 2,511,533.63 2,511,533.63 2,511,533.63

NET INCOME BEFORE TAXES (111,000.00) (156,685.02) (158,728.93) (133,433.93) (106,760.48) (64,324.80) (55,617.77) 4,667.33 27,001.46 84,900.53 91,352.62 104,279.17 164,837.72 (198,512.09) 808,852.93 567,359.96 975,144.89 1,462,416.31
INCOME TAXES 183,102.25 170,207.99 292,543.47 438,724.89
NET INCOME AFTER TAXES (111,000.00) (156,685.02) (158,728.93) (133,433.93) (106,760.48) (64,324.80) (55,617.77) 4,667.33 27,001.46 84,900.53 91,352.62 104,279.17 164,837.72 (198,512.09) 625,750.68 397,151.97 682,601.42 1,023,691.42
 Pre-ops Jan Feb Mar

Ordinary Share 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00

Retained Earnings, beginning (111,000.00) (267,685.02) (426,413.95)
Net Income (111,000.00) (156,685.02) (158,728.93) (133,433.93)
Dividends
Retained Earnings, end (111,000.00) (267,685.02) (426,413.95) (559,847.88)
Total Shareholders' Eq 24,889,000.00 24,732,314.98 24,573,586.05 24,440,152.12
 Apr May Jun Jul Aug

25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00

(559,847.88) (666,608.35) (730,933.16) (786,550.93) (781,883.60)
(106,760.48) (64,324.80) (55,617.77) 4,667.33 27,001.46

(666,608.35) (730,933.16) (786,550.93) (781,883.60) (754,882.14)

24,333,391.65 24,269,066.84 24,213,449.07 24,218,116.40 24,245,117.86
 Sep Oct Nov Dec 2018

25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00

(754,882.14) (669,981.61) (578,628.98) (474,349.81) (111,000.00)
84,900.53 91,352.62 104,279.17 164,837.72 (198,512.09)

(669,981.61) (578,628.98) (474,349.81) (309,512.09) (309,512.09)

24,330,018.39 24,421,371.02 24,525,650.19 24,690,487.91 24,690,487.91
2019 2020 2021 2022

25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00

(309,512.09) 316,238.59 713,390.56 1,395,991.98
625,750.68 397,151.97 682,601.42 1,023,691.42

316,238.59 713,390.56 1,395,991.98 2,419,683.40

25,316,238.59 25,713,390.56 26,395,991.98 27,419,683.40
 749,322.84 1,747,817.11 998,494.26
STATEMENT OF FINANCIAL POSITION (BALANCE SHEET) 625,750.68 210,493.00
DECEMBER 31, 2018-2022

PRE-OPS JAN 2018 FEB 2018 MAR 2018 APR 2018 MAY 2018 JUN 2018 JUL 2018 AUG 2018 SEP 2018 OCT 2018 NOV 2018 DEC 2018 2018 2019 2020 2021 2022
ASSETS - - - - -
CURRENT ASSETS - - - -
CASH 20,621,365.00 20,506,934.65 20,370,596.86 20,262,206.91 20,179,937.80 20,143,673.94 20,108,767.93 20,145,239.15 20,196,416.23 20,312,975.47 20,424,897.49 20,550,167.51 20,746,814.76 20,746,814.76 22,581,552.71 23,242,962.98 24,371,152.13 25,876,278.87
INVENTORIES
RAW MATERIALS INVENTORY 11,277.78 13,533.33 15,788.89 18,044.44 21,427.78 22,555.56 27,066.67 29,322.22 33,833.33 34,961.11 36,088.89 40,600.00 40,600.00 334,950.00 368,445.00 405,289.50 445,818.45
WORK IN PROCESS INVENTORY 12,286.87 14,147.05 15,556.13 16,965.20 19,022.42 19,839.74 22,488.72 24,010.57 26,715.94 27,589.65 28,294.18 30,943.17 30,943.17 264,194.65 298,162.15 321,011.90 346,146.63
FINISHED GOODS INVENTORY 11,672.53 14,696.88 15,519.51 16,894.75 18,919.56 19,798.87 22,356.27 23,934.48 26,580.67 27,545.96 28,258.96 30,810.72 30,810.72 252,532.08 296,463.78 319,869.41 344,889.89
OFFICE SUPPLIES 1,335.00 1,335.00 1,335.00 1,335.00 1,335.00 1,335.00 1,335.00 1,335.00 1,335.00 1,335.00 1,335.00 1,335.00 1,335.00 1,335.00 1,335.00 1,335.00 1,335.00 1,335.00
FACTORY SUPPLIES 1,300.00 1,300.00 1,300.00 1,300.00 1,300.00 1,300.00 1,300.00 1,300.00 1,300.00 1,300.00 1,300.00 1,300.00 1,300.00 1,300.00 1,300.00 1,300.00 1,300.00 1,300.00
TOTAL CURRENT ASSETS 20,624,000.00 20,544,806.82 20,415,609.13 20,311,706.44 20,234,477.20 20,205,678.70 20,173,597.10 20,219,785.81 20,276,318.51 20,402,740.43 20,517,629.21 20,645,444.54 20,851,803.64 20,851,803.64 23,435,864.44 24,208,668.90 25,419,957.94 27,015,768.84
NONCURRENT ASSETS
LAND 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00
BUILDING 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00
ACCUMULATED DEPRECIATION - BUILDING (7,500.00) (15,000.00) (22,500.00) (30,000.00) (37,500.00) (45,000.00) (52,500.00) (60,000.00) (67,500.00) (75,000.00) (82,500.00) (90,000.00) (90,000.00) (180,000.00) (270,000.00) (360,000.00) (450,000.00)
DELIVERY TRUCK 600,000.00 600,000.00 600,000.00 600,000.00 600,000.00 600,000.00 600,000.00 600,000.00 600,000.00 600,000.00 600,000.00 600,000.00 600,000.00 600,000.00 600,000.00 600,000.00 600,000.00 600,000.00
ACCUMULATED DEPRECIATION - DELIVERY TRUCK (6,428.58) (12,857.17) (19,285.75) (25,714.33) (32,142.92) (38,571.50) (45,000.08) (51,428.67) (57,857.25) (64,285.83) (70,714.42) (77,143.00) (77,143.00) (154,286.00) (231,429.00) (308,572.00) (385,715.00)
MACHINERY 665,000.00 665,000.00 665,000.00 665,000.00 665,000.00 665,000.00 665,000.00 665,000.00 665,000.00 665,000.00 665,000.00 665,000.00 665,000.00 665,000.00 665,000.00 665,000.00 665,000.00 665,000.00
ACCUMULATED DEPRECIATION - MACHINERY AND EQUIPMENT (3,612.50) (7,225.00) (10,837.50) (14,450.00) (18,062.50) (21,675.00) (25,287.50) (28,900.00) (32,512.50) (36,125.00) (39,737.50) (43,350.00) (43,350.00) (86,700.00) (130,050.00) (173,400.00) (216,750.00)
TOTAL NONCURRENT ASSETS 4,265,000.00 4,247,458.92 4,229,917.83 4,212,376.75 4,194,835.67 4,177,294.58 4,159,753.50 4,142,212.42 4,124,671.33 4,107,130.25 4,089,589.17 4,072,048.08 4,054,507.00 4,054,507.00 3,844,014.00 3,633,521.00 3,423,028.00 3,212,535.00
TOTAL ASSETS 24,889,000.00 Php 24,792,265.74 Php 24,645,526.96 Php 24,524,083.19 Php 24,429,312.86 Php 24,382,973.29 Php 24,333,350.60 Php 24,361,998.23 Php 24,400,989.84 Php 24,509,870.68 Php 24,607,218.38 Php 24,717,492.62 Php 24,906,310.64 Php 24,906,310.64 Php 27,279,878.44 Php 27,842,189.90 Php 28,842,985.94 Php 30,228,303.84

LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES
ACCCOUNTS PAYABLE 41,066.67 49,280.00 57,493.33 65,706.67 78,026.67 82,133.33 98,560.00 106,773.33 123,200.00 127,306.67 131,413.33 147,840.00 147,840.00 1,219,680.00 1,341,648.00 1,475,812.80 1,623,394.08
INCOME TAX PAYABLE - - 183,102.25 170,207.99 292,543.47 438,724.89
VAT PAYABLE (Schedule 4) 18,884.09 22,660.91 26,437.73 30,214.55 35,879.78 37,768.19 45,321.83 49,098.64 56,652.28 58,540.69 60,429.10 67,982.74 67,982.74 560,857.60 616,943.36 678,637.69 746,501.46
TOTAL CURRENT LIABILITIES - 59,950.76 71,940.91 83,931.07 95,921.22 113,906.45 119,901.52 143,881.83 155,871.98 179,852.28 185,847.36 191,842.43 215,822.74 215,822.74 1,963,639.85 2,128,799.34 2,446,993.96 2,808,620.43
TOTAL LIABILITIES - 59,950.76 71,940.91 83,931.07 95,921.22 113,906.45 119,901.52 143,881.83 155,871.98 179,852.28 185,847.36 191,842.43 215,822.74 215,822.74 1,963,639.85 2,128,799.34 2,446,993.96 2,808,620.43
-
AUTHORIZED SHARE CAPITAL -
PHP 100.00 PAR 250,000 ISSUED AND OUTSTANDING 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00
RETAINED EARNINGS (ACCUMULATED LOSS) (111,000.00) (267,685.02) (426,413.95) (559,847.88) (666,608.35) (730,933.16) (786,550.93) (781,883.60) (754,882.14) (669,981.61) (578,628.98) (474,349.81) (309,512.09) (309,512.09) 316,238.59 713,390.56 1,395,991.98 2,419,683.40
TOTAL SHAREHOLDERS' EQUITY 24,889,000.00 24,732,314.98 24,573,586.05 24,440,152.12 24,333,391.65 24,269,066.84 24,213,449.07 24,218,116.40 24,245,117.86 24,330,018.39 24,421,371.02 24,525,650.19 24,690,487.91 24,690,487.91 25,316,238.59 25,713,390.56 26,395,991.98 27,419,683.40
-
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 24,889,000.00 24,792,265.74 24,645,526.96 24,524,083.19 24,429,312.86 24,382,973.29 24,333,350.60 24,361,998.23 24,400,989.84 24,509,870.68 24,607,218.38 24,717,492.62 24,906,310.64 24,906,310.64 27,279,878.44 27,842,189.90 28,842,985.94 30,228,303.84
-
- - - - - - - - - - - - - - - - - -
20,621,365.00 20,506,934.6 20370596.8616998 20262206.9120478 20179937.8005948 20143673.9391191 20108767.9278926 20145239.1545431 20196416.2338522 20312975.4749583 20424897.4902337 20550167.5079183 20746814.76348 20990190.4722815 -22383040.6160915 -23044450.8848683 -24172640.0321851 -25677766.7775444
 STATEMENT OF CASH FLOWS
DECEMBER 31, 2018-2022

Net cash provided by Operating Activities PRE-OPS JAN 2018 FEB 2018 MAR 2018 APR 2018 MAY 2018 JUN 2018 JUL 2018 AUG 2018 SEP 2018 OCT 2018 NOV 2018 DEC 2018 2018 2019 2020 2021 2022
NET INCOME (111,000.00) (156,685.02) (158,728.93) (133,433.93) (106,760.48) (64,324.80) (55,617.77) 4,667.33 27,001.46 84,900.53 91,352.62 104,279.17 164,837.72 (198,512.09) 625,750.68 397,151.97 682,601.42 1,023,691.42
ADD: DEPRECIATION EXPENSE 17,541.08 17,541.08 17,541.08 17,541.08 17,541.08 17,541.08 17,541.08 17,541.08 17,541.08 17,541.08 17,541.08 17,541.08 210,493.00 210,493.00 210,493.00 210,493.00 210,493.00
Increase(Decrease) in Accounts Payable 0 41,066.67 8,213.33 8,213.33 8,213.33 12,320.00 4,106.67 16,426.67 8,213.33 16,426.67 4,106.67 4,106.67 16,426.67 147,840.00 1,071,840.00 121,968.00 134,164.80 147,581.28
Increase(Decrease) in Income Tax Payable - - - - - - - - - - - - - 183,102.25 (12,894.26) 122,335.48 146,181.43
Increase(Decrease) in VAT PAYABLE 18,884.09 3,776.82 3,776.82 3,776.82 5,665.23 1,888.41 7,553.64 3,776.82 7,553.64 1,888.41 1,888.41 7,553.64 67,982.74 492,874.86 56,085.76 61,694.34 67,863.77
(Increase)Decrease in Raw Materials Inventory 0 (11,277.78) (2,255.56) (2,255.56) (2,255.56) (3,383.33) (1,127.78) (4,511.11) (2,255.56) (4,511.11) (1,127.78) (1,127.78) (4,511.11) (40,600.00) (294,350.00) (33,495.00) (36,844.50) (40,528.95)
(Increase)Decrease in Work in Process Inventory 0 (12,286.87) (1,860.19) (1,409.07) (1,409.07) (2,057.22) (817.31) (2,648.98) (1,521.85) (2,705.37) (873.70) (704.54) (2,648.98) (30,943.17) (233,251.48) (33,967.50) (22,849.75) (25,134.73)
(Increase)Decrease in Finished Goods Inventory 0 (11,672.53) (3,024.35) (822.63) (1,375.24) (2,024.81) (879.31) (2,557.40) (1,578.21) (2,646.19) (965.29) (713.00) (2,551.76) (30,810.72) (221,721.36) (43,931.70) (23,405.64) (25,020.48)
(Increase)Decrease in Office Supplies (1,335.00) -
(Increase)Decrease in Factory Supplies (1,300.00) - - - - - - - - - - - - -
Net cash provided by Operating Activities (113,635.00) (114,430.35) (136,337.79) (108,389.95) (82,269.11) (36,263.86) (34,906.01) 36,471.23 51,177.08 116,559.24 111,922.02 125,270.02 196,647.26 125,449.76 1,834,737.95 661,410.27 1,128,189.15 1,505,126.75

Cash flows from investing activities

Purchase of PPE (4,265,000.00) 0 0 0 0 0 0 0 0 0 0 0 0 0

Cash flows from financing acvtivities

Initial Capital 25,000,000.00 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Increase in Cash 20,621,365.00 (114,430.35) (136,337.79) (108,389.95) (82,269.11) (36,263.86) (34,906.01) 36,471.23 51,177.08 116,559.24 111,922.02 125,270.02 196,647.26 125,449.76 1,834,737.95 661,410.27 1,128,189.15 1,505,126.75
Add: Beginning Balance 0 20,621,365.00 20,506,934.65 20,370,596.86 20,262,206.91 20,179,937.80 20,143,673.94 20,108,767.93 20,145,239.15 20,196,416.23 20,312,975.47 20,424,897.49 20,550,167.51 20,621,365.00 20,746,814.76 22,581,552.71 23,242,962.98 24,371,152.13
Ending Balance, Cash 20,621,365.00 20,506,934.65 20,370,596.86 20,262,206.91 20,179,937.80 20,143,673.94 20,108,767.93 20,145,239.15 20,196,416.23 20,312,975.47 20,424,897.49 20,550,167.51 20,746,814.76 20,746,814.76 22,581,552.71 23,242,962.98 24,371,152.13 25,876,278.87

bs 20,621,365.00 20,506,934.65 20,370,596.86 20,262,206.91 20,179,937.80 20,143,673.94 20,108,767.93 20,145,239.15 20,196,416.23 20,312,975.47 20,424,897.49 20,550,167.51 20,746,814.76 20,746,814.76 22,581,552.71 23,242,962.98 24,371,152.13 25,876,278.87
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - 0.0 0.0 0.0
Major Assumptions

1. The initial capital is 25,000,000Php

2. Cash basis on the first 5 years and no receivable
3. There are 260 days in a year that is 5 days/week, 4 weeks/month for 12 months
4. The minimum wage is 350Php per day
5. The direct labor cost per unit is 3.03
6
SWEET BLOSSOM CORPORATION
FINANCIAL ANALYSIS - SHORT-TERM SOLVENCY

2018
CURRENT ASSETS 20,851,803.64
CURRENT LIABILITIES 215,822.74
CURRENT RATIO 96.62

SWEET BLOSSOM CORPORATION

FINANCIAL ANALYSIS - PROFITABILITY

2018
NET INCOME (198,512.09)
INVESTMENT 25,000,000.00
ROI (0.79)

SWEET BLOSSOM CORPORATION

FINANCIAL ANALYSIS - ASSET MANAGEMENT

2018
SALES 7,598,421.18
TOTAL ASSETS 24,906,310.64
TOTAL ASSETS TURNOVER 0.31

2018
SALES 7,598,421.18
NET FIXED ASSTES 4,054,507.00
FIXED ASSET TURNOVER 1.87

SWEET BLOSSOM CORPORATION

FINANCIAL ANALYSIS - CAPITALIZATION

2018
TOTAL LIABILITIES 215,822.74
TOTAL STOCKHOLDERS' EQUITY 24,690,487.91
DEBT TO EQUITY RATIO 0.01

SWEET BLOSSOM CORPORATION

PAYBACK PERIOD

YEAR COST OF INVESTMENT TO BE RECOVERED

2018
2019
2020
2021
2022
 2019 2020 2021 2022
23,435,864.44 24,208,668.90 25,419,957.94 27,015,768.84
1,963,639.85 2,128,799.34 2,446,993.96 2,808,620.43
11.93 11.37 10.39 9.62

2019 2020 2021 2022

625,750.68 397,151.97 682,601.42 1,023,691.42
25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00
2.50 1.59 2.73 4.09

2019 2020 2021 2022

8,358,263.30 9,194,089.63 10,113,498.59 11,124,848.45
27,279,878.44 27,842,189.90 28,842,985.94 30,228,303.84
0.31 0.33 0.35 0.37

2019 2020 2021 2022

8,358,263.30 9,194,089.63 10,113,498.59 11,124,848.45
3,844,014.00 3,633,521.00 3,423,028.00 3,212,535.00
2.17 2.53 2.95 3.46

2019 2020 2021 2022

1,963,639.85 2,128,799.34 2,446,993.96 2,808,620.43
25,316,238.59 25,713,390.56 26,395,991.98 27,419,683.40
0.08 0.08 0.09 0.10

NET OPERATING CASH FLOW BALANCE PAYBACK YEARS