Finanacial Plan

PRE-OPERATING EXPENSES
1. INVESTMENT
Investment Through cash

P400,000.00

Other Investments

P0.00

Total Investment

P400,000.00

2. ACQUISITION of MACHINERIES
a. 2 whirlpool Topload washers Model: 4PWTW5905

P 34,498.00

b. 1 Whirlpool Coin-operated washer Model: LSE1055

P 23,000.00

c. 2 Whirlpool Dryers Model: 4PWED5905

P 31,998.00

Total:

P 89,496.00

3. ACQUISITION of OTHER EQUIPMENTS

a. 1 Philipps Steam Flat Iron Model: GC 4400 Series

P 4,600.00

b. Ironing Board

P 730.00

c. 1 weighing Scale

P 2, 800.00

d. 1 water hose (50 ft)

P 730.00

e. Calculator

P 200.00

f. 4 power regulators

P 1, 399.00

g. 1 wi-modem + telephone

P 2,000.00

h. 1 tricycle

P 30,000.00

TOTAL:

P 42, 459.00

4. ACQUISITION of WATER TANK

Water Tank

P 10,000.00

Free Installation

P 0.00

Total:

P 10,000.00

5. Cost of Renovation
a. Labor Cost for 7 working days
(420X7 employeesX7days)
b. Total Cost of Materials

P 3,010.00
P 15, 600.00

(wood, paint, paintbrush, nails, etc.)

TOTAL:

Installation of Equipments

Installation of Clothes Hanger

Painting

Comfort room

Plumbing and sink installation

P 18, 610.00

6. Acquisiton of Fire extinguishers good for one year

a. 2X 10lbs Fire Extinguisher for 2,000/each

P4,000.00

7. Acquisition of Furniture and Fixtures

Sofa

P 2,500.00

Cost of Installation of Counters and shelves

TOTAL:

P 9,200.00
P 11,700.00

8. Promotion and advertisement

Radio

P 7,000.00

Prin Media

P 4,000.00

sales Promotion

P 1,000.00

TOTAL:

P 12,000.00

9. Acquisition of Supplies good for one year

Pair of Gloves

P 99.50/ 2 pairs

Hangers

P 159.50/ 12pcs

Order Slips

P 337. 50/ 500 sheets

Ball Pen

P 100.00

1 File organizer rack

P 400.00

1 record book

P 75.50

Plastics for clthe bagging

24x40

P 2840.00/ 1000 pcs.

23x26

P 2560.00/ 100 pcs.

TOTAL:

P 6572.00

10. Cost of Direct Supplies

Cost for wash dry fold per week

P 1,449.00

Cost for handwash per week

P 44.00

Cost for Ironing per week

P 63.00
P 1, 556.00 total cost per week

Direct Supplies

P 1, 556.00
x 52 weeks
P 80,912.00

Plus Supplies Cost per year

P 6,572.00
P 87, 484.00

RABBIT CLEANERS LAUNDRY SHOP

INCOME STATEMENT
For the year ended Dec 31,
2013
Service Revenue
Less: Operating
Expense
Salaries
Supplies
Advertising
Tax Expense
Miscellaneous
Utilities
Repair and
Maintenance
Fire Extinguishers
Rent Expense
DepreciationMachineries
DepreciationEquipment

752,517

2014
831,039.23

2015
857,002.95

144,480.00
87, 484.00
12,000.00
19,000.00
2,000.00
20,000
1,724.00

144,480.00
91,230.67
15,000.00
12,500.00
2,000.00
20,000
1,724.00

144,480.00
94,230.00
15,000.00
14,000.00
2,000.00
20,000
1,724.00

4,000.00
180,000.00
11,969.28

4,000.00
180,000.00
11,969.28

4,000.00
180,000.00
11,969.28

1,882.58

1,882.58

1,882.58

DepreciationFurniture
Depreciation- water
tank
DepreciationTricycle
Fuel and tricycle
maintenance expense
IBIT
Provision Income tax
Net Income

1,020.00

1,020.00

1,020.00

1,799.95

1,799.95

1,799.95
10,230.00

10,230.00

15,242.07

17,238.00

256,651.19
0
256,651.19

328,190.68
98,457.04
229,733.64

337,429.14
101,228.74
236,200.4

RABBIT CLEANERS Laundry Shop

Statement of Changes in Partners Capital
For the year ended in Dec. 31,

SAGISI
80,000.00

BOSI
80,000.00

PAUIG
80,000.00

GUNNACAO
80,000.00

SIBAL
80,000.00

TOTAL
400,000.00

51,330.24

51,330.24

51,330.24

51,330.24

51,330.24

256,651.19

20,000.00

30,000.00

30,000.00

30,000.00

30,000.00

140,000.00

111,330.24 101,330.24 101,330.24

101,330.24

101,330.24

516,651.2

Capital
January 1,
2014
Net Income
for the year
Less:
Withdrawal
Capital
Dec. 31,
2014

111,330.24 101,330.24 101,330.24

101,330.24

101,330.24

516,651.2

45,946.73

45,946.73

45,946.73

45,946.73

45,946.73

229,733.64

30,000.00

30,000.00

30,000.00

30,000.00

35,000.00

155,000.00

127,276.97 117,276.97 117,276.97

117,276.97

112,276.97 591,384.85

Capital

127,276.97 117,276.97 117,276.97

117,276.97

112,276.97 591,384.85

Capital,
August
2013
Net Income
for the year
Less:
Withdrawal
Capital
Dec. 31,
2013

Jan. 1, 2015
Net Income
47,240.08 47,240.08 47,240.08
Less:
35,000.00 35,000.00 30,000.00
Withdrawals
Capital
139,517.05 129,517.05 134,517.05
Dec. 31,
2015

47,240.08
30,000.00

47,240.08
30,000.00

236,200.4
165,000.00

134,517.05

129,517.05

667585.25

RABBIT CLEANERS Laundry Shop

Statement of Cash Flows
For the year ended Dec 31,

2013
Cash Flow from operating
activities:
Cash Received from
customers
Payment for wages and
operating expenses
Salaries
Supplies
Advertising
Tax Expense
Miscellaneous
Utilities
Repair and Maintenance
Fire Extinguishers
Rent
Renovation
Payment of Fuel and
maintenance
Cash Payment for Income
tax
Net Income for Operating
Activities
Cash Flow from Investing

2014

2015

752,517.00

831,039.23

857,002.95

(144,480.00)
(87, 484.00)
(12,000.00)
(19,000.00)
(2,000.00)
(20,000.00)
(1,724.00)
(4,000.00)
(180,000.00)
(18,610.00)
(10,230.00)

(144,480.00)
(91,230.67)
(15,000.00)
(12,500.00)
(2,000.00)
(85,230.34)
(1,724.00)
(4,000.00)
(180,000.00)

(144,480.00)
(94,230.00)
(15,000.00)
(14,000.00)
(2,000.00)
(88,234.23)
(1,724.00)
(4,000.00)
(180,000.00)

(15,242.07)

(17,238.00)

(103,458.75)

(109,767.89)

241,403.75

256,118.07

252,989.00

activities
Purchase of Machineries
Purchase of Equipment
Purchase of Water Tank
Purchase of Furniture and
Fixture
Purchase of Tricycle
Cash Provided from
investing activities
Cash Flows from
Investing activities
Cash investments by the
owners
Cash Withdraw
Net cash from financing
activities
Cash Beginning Balance
Cash Balance

(P 89,496.00)
(12,459.00)
(10,000.00)
(11,700.00)
(30,000.00)
(153,655.00)

400,000.00
(140,000.00)
260,000.00

(155,000.00)
(155,000.00)

(165,000.00)
(165,000.00)

359,334.00

359,334.00
445,737.75

445,737.75
526,855.82

RABBIT CLEANERS Laundry Shop

103334Balance Sheet
For the year ended
Dec 31,
2013
ASSETS:
Current Assets
Cash
Supplies
Total Current Assets:
Non-Current Assets:
Machineries
Equipment
Furniture and Fixture
Water Tank
Tricycle
Less: Accumulated
Depreciation
Total Non-Current Assets
Total Assets

2014

2015

359,334.00
20,345.00
325,824.54

445,737.75
34,765.00
357,203.49

526,855.82
40,285.00
390,440.46

P 89,496.00
12,459.00
10,000.00
11,700.00
30,000.00
(16,671.81)

P 89,496.00
12,459.00
10,000.00
11,700.00
30,000.00
(33,343.62)

P 120,496.00
12,459.00
10,000.00
11,700.00
30,000.00
(60,245.43)

136,983.19
533,386.18

120,311.38
604,384.85

124,409.57
667,585.25

LIABILITIES AND
OWNERS EQUITY
Liabilities
Accounts Payable
Partners Equity
Sagisi, Capital
Bosi, Capital
Pauig, Capital
Gunnacao, Capital
Sibal, Capital
Total Partners Equity
Total Liabilities and Partners
Equity

16,734.98

13,000

10,000.00

111,330.24
101,330.24
101,330.24
101,330.24
101,330.24
516,651.2
533,386.18

127,276.97
117,276.97
117,276.97
117,276.97
112,276.97
475,145.25
604,384.85

139,517.05
129,517.05
134,517.05
129,517.05
134,517.05
504,850.03
667,585.25

FINANCIAL RATIOS
CURRENT RATIO
YEAR
2013
2014
2015

CURRENT ASSETS CURRENT

LIABILITIES
325,824.54
16,734.98
475,145.25
13,000
390,440.46
10,000.00

CURRENT RATIO
19.47
36.55
39.04

RETURN ON SALES
YEAR
2013
2014
2015

Net Income
256,651.19
229,733.64
236,200.4

TOTAL SALES
752,517
831,039.23
857,002.95

RETURN ON
SALES
34.11%
27.65 %
27.56%

Population
2011- 17,557
2012- 21,023
2013- 22,306

Growth Rate
21,494-21,097
21,097
= 1.88

17,557(1) + 21,023(2) + 22,326(3)

6

21,500-21,494
21,494

= 17,557 + 42,046+66,978
6

= 0.028

=21,097 (population 2014)

21,023(1)+22,326(2)+21,097(3)
6
= 21,494 (population 2015)

n= ____N____
1+(N*e2)
=_____22,326____
1+55.82

22,326(1)+ 21,097(2)+21,494(3)
6
= 21,500(population 2016)

=_____22,326___
56.82
= 393 Total Respondents