Financial Statements 1

VECADOSVIL COMMERCIAL BUILDING
STATEMENT OF FINANCIAL POSITION (PROJECTED )

THREE YEAR PERIOD
YEAR 1
YEAR 2
YEAR 3
ASSETS
CURRENT ASSETS
CASH
TOTAL
Php
2,202,76
1.80
2,202,761.80
Php
3,947,607.60
3,947,607.60
Php
6,000,000.00
2,192,885.00
17,600.00
8,210,485.00
Php
6,000,000.00
2,077,470.00
13,200.00
8,090,670.00
Php
Php
10,413,246.8
0
Php
12,038,277.60
Php
13
Php
Php
5
5
NON-CURRENT ASSETS
LAND
BUILDING [NOTE 3]
CCTV [NOTE 3]
TOTAL
TOTAL ASSETS
6
1
LIABILITIES
CURRENT LIABILITIES
RENT ADVANCE
TOTAL
152,00.00
152,00.00
152,00.00
152,00.00
NON-CURRENT LIABILITY
RENT DEPOSIT
TOTAL
TOTAL LIABILITIES
Php
152,000.0
0
152,000.0
0
304,000.00
152,000.00
Php
152,000.00
304,000.00
EQUITY
CAPITAL
10,109,246.80
11,734,277.60
TOTAL EQUITY
Php
10,109,246.80
Php
TOTAL LIABILITIES & EQUITY
Php
10,413,246.80
Php
11,734,277.60
12,038,277.60
13
Php
13
Php
13

STATEMENT OF FINANCIAL PERFORMANCE (PROJECTED)
THREE YEAR PERIOD
YEAR 1
RENR INCOME
LESS:
[NOTE 1]
Php
1, 824, 000.00
YEAR 2
Php
1, 824, 000.00
YEAR 3
Php
1, 824, 000.00
EXPENSES
SALARIES EXPENSE
[NOTE 2]
9,100.00
DEPRECIATION EXPENSE
[NOTE 3]
119,815.00
119,815.00
TAXES, PERMITS & LICENSES EXPENSE
[NOTE 4]
68,282.40
52,498.20
52,498.20
INSURANCE EXPENSE
[NOTE 5]
6,756.00
6,756.00
6,756.00
MAINTENANCE EXPENSE
[NOTE 6]
10,800.00
TOTAL
NET INCOME (LOSS)
Php
214,753.40
1,609.246.80
9,100.00
9,100.00
119,815.00
10,800.00
Php
198,969.20
1.625,030.80
10,800.00
Php
198,969.20
1.625,030.80

STATEMENT OF CASH FLOW (PROJECTED)
THREE YEAR PERIOD
YEAR 1
YEAR 2
YEAR 3
CASH FLOWS FROM OPERATING ACTIVITIES

CASH INFLOWS:
CASH OUTFLOWS:
SERVICE INCOME
1,824,000.00
1,824,000.00
1,824,000.00
ADVANCE RENT
152,000.00
RENT DEPOSIT
152,000.00
OPERATING EXPENSES
363,467.40
291,125.40
292,415.40
94,938.20
79,152.20
79,152.20
TAX EXPENSES
NET CASH GENERATED FROM OPERATING ACTIVITIES
Php
2,033,061.80
Php
1,744,845.80
Php
1,744,845.80
CASH FLOWS FROM INVESTING ACTIVITIES

CASH OUTFLOWS:
CONSTRUCTION OF BUILDING
NET CASH USED BY INVESTING ACTIVITIES
2,308,300.00
Php
2,308,300.00
Php
Php
Php
Php
CASH FLOWS FROM FINANCING ACTIVITIES

CASH INFLOWS:
PARTNER A, INVESTMENT
PARTNER B, INVESTMENT
PARTNER C, INVESTMENT
PARTNER D, INVESTMENT
PRTNER E, INVESTMENT
NET CASH GENERATED FROM FINANCING ACTIVITIES
1,700,000.00
1,700,000.00
1,700,000.00
1,700,000.00
1,700,000.00
Php
NET INCREASE (DECREASE) IN CASH
2,033,061.80
ADD: BEGINNING CASH BALANCE

ENDING CASH BALANCE
8,500,000.00
1,744,845.80
Php
2,033,061.80
1,744,845.80
2,033,061.80
Php
3,747,907.60
3,747,907.60
Php
5,522,753.40

STATEMENT OF CHANGES IN EQUITY (PROJECTED)
THREE YEAR PERIOD
YEAR 1
YEAR 2
YEAR 3
EQUITY, BEGINNING
8,500,000.00
10,109,246.80
ADD:
1,609,246.80
1,625,030.80
NET INCOME
ADDITIONAL INVESTMENT
TOTAL
LESS:
Php
DRAWINGS
EQUITY, ENDING
10,109,246.80
10,109,246.80
1,625,030.80
Php
Php
11,734,277.60
11,734,277.60
Php
Php
11,734,277.60
13,359,308.40
-
Php
13,359,308.40
NOTES TO FINANCIAL STATEMENT (PROJECTED)

THREE YEAR PERIOD
NOTE 1:
RENT INCOME
YEAR 1
ROOM 1
YEAR 2
20,000,00
2
0,000,00
20,000,00
20,000,00
20,000,00
20,000,00
20,000,00
2
0,000,00
20,000,00
ROOM 4
20,000,00
2
0,000,00
ROOM 5
18,000.00
18,000.00
18,000.00
18,000.00
18,000.00
ROOM 2
ROOM 3
ROOM 6
18,000.00
20,000,00
ROOM 7
18,000.00
18,000.00
18,000.00
ROOM 8
18,000.00
18,000.00
18,000.00
MONTHLY PROFIT
Php
152,000.00
Php
152,000.00
12
GROSS PROFIT
NOTE 2:
YEAR 3
Php
1,824,000.00
Php
152,000.00
12
Php
1,824,000.00
12
Php
1,824,000.00
SALARIES EXPENSES
MONTHLY
BOOKKEEPER
700.00
Php
13TH MONTH
700.00
700.00
YEARLY
700.00
9,100.00
9,100.00
NOTE 3:
FIXED ASSET LAPSING

ANNUAL DEP'N
PROPERTY
BUILDING
CCTV
CAMERA
COST
2,308,3
00.00
22,0
00.00
USEFUL
LIFE(YEARS
)
DEPRECIATION
20
115,415.00
4,400
.00
5
Ph
p
TOTAL
Year 1
119,815.00
Dep'n
AccumDep
115,415.00
115,415.00
4,400.00
Ph
p
119,815.00
Year 2
PROPERTY
Dep'n
BUILDING
CCTV CAMERA
TOTAL
4,400.00
Ph
p
119,815.00
Ph
p
8,800.00
239,630.0
0
4,400.00
119,
815.00
2,192,88
5.00
17,60
0.00
Ph
p
2,210,485.00
Year 3
AccumDep
23
0,830.00
115,415.00
Ph
p
BV
BV
2,077,4
70.00
Ph
p
13,200.00
2,090,670.0
0
Dep'n
AccumDep
3
46,245.00
115,415.00
4,400.00
Ph
p
119,815.00
Ph
p
13,200.00
359,445.0
0
BV
1,962,055.0
0
8,800.0
0
Ph
p
1,970,855.00
NOTE 4:
TAXES, PERMITS AND CLEARANCES EXPENSES

YEAR 1
REAL PROPERTY:
LAND
(6000000 X .50%)
BUILDING
(2308300X40%)
(3000000+923320)X1
%
BUSINESS PERMIT
BUILDING PERMIT
(ANEXES: ORDER OF PAYMENTS)
FILING FEE
INSPECTION FEE
ZONING & LAND USE
FIRE INSPECTION PERMIT
3,000,000.00
923,320.00
39,233.20
13,332.00
12,422.00
120.00
120.00
255.00
2,800.00
TOTAL
YEAR 2
REAL PROPERTY:
LAND
BUILDING
(3000000+923320)X1
%
(6000000 X .50%)
(2308300X40%)
REAL PROPERTY:
LAND
BUILDING
(3000000+923320)X1%
(980880X50%)
(2800000X40%)
BUSINESS PERMIT
TOTAL
BUSINESS PERMIT
YEAR
1
BASIC : 2,308,300.00 ( 1/4 of 2%)
68,282.20
Php
39,233.20
10,465.00
2,800.00
52,498.20
Php
39,233.20
10,465.00
2,800.00
52,498.20
3,000,000.00
923,320.00
BUSINESS PERMIT
TOTAL
YEAR 3
Php
3,000,000.00
923,320.00
YEAR
3
11,542.0
0
BASIC : RATE FOR YEAR 2 GROSS PROFIT

8675.00
REGULATORY
FEE
MAYOR'S
PERMIT
SECRETARY
FEE
SANITARY
INSPECTION FEE
400.00
15.00
100.00
GARBAGE FEE
1,200.00
ZONING FEE
TOTAL
75.00
Ph
p
13,332.
00
YEAR
2
BASIC : RATE FOR YEAR 1 GROSS PROFIT
REGULATORY
FEE
MAYOR'S
PERMIT
SECRETARY
FEE
SANITARY
INSPECTION FEE
400.00
15.00
100.00
GARBAGE FEE
1,200.00
ZONING FEE
75.00
10,465.
00
TOTAL
NOTE 5:
8,675.00
INSURANCE EXPENSE
Ph
p
REGULATORY FEE
MAYOR'S
PERMIT
400.00
SECRETARY FEE
SANITARY INSPECTION
FEE
15.00
100.00
GARBAGE FEE
1,200.00
ZONING FEE
TOTAL
75.00
Ph
p
10,465.00
BASIC PREMIUM
DOC. STAMP
VAT
FIRE SERVICE TAX
LOCAL GOV. TAX
TOTAL
NOTE 6:
5,320.00
665.00
638.40
106.60
26.00
Php
6,756.00
MAINTENANCE
EXPENSE
MONTHLY
YEARLY
300.00
300.00
300.00
3,600.00
3,600.00
3,600.00
10,800.00
Php

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VECADOSVIL COMMERCIAL BUILDING

STATEMENT OF FINANCIAL POSITION (PROJECTED )

TOTAL LIABILITIES & EQUITY

VECADOSVIL COMMERCIAL BUILDING

TAXES, PERMITS & LICENSES EXPENSE

NET INCOME (LOSS)

VECADOSVIL COMMERCIAL BUILDING

CASH FLOWS FROM OPERATING ACTIVITIES

CASH FLOWS FROM INVESTING ACTIVITIES

NET CASH USED BY INVESTING ACTIVITIES

CASH FLOWS FROM FINANCING ACTIVITIES

NET INCREASE (DECREASE) IN CASH

ADD: BEGINNING CASH BALANCE

VECADOSVIL COMMERCIAL BUILDING

VECADOSVIL COMMERCIAL BUILDING

NOTES TO FINANCIAL STATEMENT (PROJECTED)

FIXED ASSET LAPSING

TAXES, PERMITS AND CLEARANCES EXPENSES

BASIC : RATE FOR YEAR 2 GROSS PROFIT

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