NOTES TO FINANCIAL STATEMENTS

Note1
Revenue Schedule
Expected Cusomers
Year Annual Revenue
Monthly Yearly
1 6,912 82,944 ₱16,588,800.00
2 7,039 84,472 ₱16,894,326.51
3 7,180 86,161 ₱17,232,213.04
4 7,324 87,884 ₱17,576,857.30
5 7,470 89,642 ₱17,928,394.45

Note 2
Cost of Sale of Services Schedule
Item Year 1 Year 2 Year 3 Year 4 Year 5
Direct Materials:
Paintball bullets ₱ 3,735,000.00 ₱ 3,801,223.46 ₱ 3,877,247.93 ₱ 3,954,792.89 ₱ 4,033,888.75
20 oz CO2 gas 1,120,500.00 1,140,367.04 1,163,174.38 1,186,437.87 1,210,166.63
Direct Labor:
Operation Staff 682,500.00 696150 710073 724274.46 738759.9492
Overhead:
Indirect Labor 230,100.00 234702 239396.04 244183.9608 249067.64
Depreciation of Pit Area Building 42,375.46 42,375.46 42,375.46 42,375.46 42,375.46
Depreciation of Equipment 253,632.00 253,632.00 253,632.00 253,632.00 253,632.00
Total ₱ 6,064,107.46 ₱ 6,168,449.96 ₱ 6,285,898.81 ₱ 6,405,696.64 ₱ 6,527,890.42
Note 3
Selling and Administrative Expenses Schedule
Item Year 1 Year 2 Year 3 Year 4 Year 5
Office Supplies ₱ 6,900.00 ₱ 7,038.00 ₱ 7,178.76 ₱ 7,322.34 ₱ 7,468.78
Salaries 546,540.00 557470.8 568620.216 579992.6203 591592.4727
Permits and Licenses 15,977.50 16,297.05 16,622.99 16,955.45 17,294.56
Utilities Expense 162,368.00 165,615.36 168,927.67 172,306.22 175,752.34
Advertising Cost 21,250.00 22,312.50 23,428.13 24,599.53 25,829.51
Employee Benefits 10,743.79 10,851.23 10,959.74 11,069.34 11,180.03
Depreciation 21,928.33 21,928.33 21,928.33 21,928.33 21,928.33
TOTAL ₱ 785,707.62 ₱ 801,513.27 ₱ 817,665.83 ₱ 834,173.83 ₱ 851,046.03

Note 4
Cash and Cash Eqivalents
Cash in Bank ₱ 9,131,896.97
Contingency Fund 482,622.53
₱ 9,614,519.50
Note 5
YEAR 1

Property Plant and Equipment includes:

Land ₱ 3,500,000.00
Office Building ₱ 695,222.39
Waiting Area Building 496,587.42
Pit Area Building 794,539.88
Furniture and Fixtures 10,480.00
Equipment 1,672,000.00
Less: Accumulated Depreciation 317,935.79 3,350,893.90
Total ₱ 6,850,893.90

YEAR 2
Land ₱ 3,500,000.00
Office Building ₱ 695,222.39
Waiting Area Building 496,587.42
Pit Area Building 794,539.88
Furniture and Fixtures 10,480.00
Equipment 1,672,000.00
Less: Accumulated Depreciation 635,871.59 3,032,958.10
Total ₱ 6,532,958.10

YEAR 3
Land ₱ 3,500,000.00
Office Building ₱ 695,222.39
Waiting Area Building 496,587.42
Pit Area Building 794,539.88
Furniture and Fixtures 10,480.00
Equipment 1,672,000.00
Less: Accumulated Depreciation 953,807.38 2,715,022.31
Total ₱ 6,215,022.31

YEAR 4
Land ₱ 3,500,000.00
Office Building ₱ 695,222.39
Waiting Area Building 496,587.42
Pit Area Building 794,539.88
Furniture and Fixtures 10,480.00
Equipment 1,672,000.00
Less: Accumulated Depreciation 1,271,743.17 2,397,086.52
Total ₱ 5,897,086.52

YEAR 5
Land ₱ 3,500,000.00
Office Building ₱ 695,222.39
Waiting Area Building 496,587.42
Pit Area Building 794,539.88
Furniture and Fixtures 10,480.00
Equipment 1,672,000.00
Less: Accumulated Depreciation 1,589,678.97 2,079,150.72
Total ₱ 5,579,150.72