MAJOR FINANCIAL ASSUMPTIONS

MAJOR FINANCIAL ASSUMPTIONS

INCREASE
Sales 5%
Cost of Good Solds 5%

Operating Expense INCREASE

Marketing Expense 5%
Salaries and Wages 5%
Labor Related Expense 5%
Maintenance Supplies 5%
Store and Office Supplies 5%
SSS Expense 5%
Philhealth Expense 5%
HDMF Expense 5%
Maintenance and Accountant's Professional Fee Expense 5%
Medicine Expense 5%

CURRENT ASSETS INCREASE

Inventories 2%
 PROJECT COST

CAPITAL INVESTMENT
BLAS, ALYSSA MAE 1,000,000.00
CARALIPIO, IRENE CAMILLE 1,000,000.00
CHAVEZ, IVAN REY 1,000,000.00
ESTARIS, CARL JOSEPH 1,000,000.00
NAVAL, JEROM 1,000,000.00
PASCUAL, ROSE ANN 1,000,000.00
POLICARPIO, RAPHAEL ANGELO 1,000,000.00
SINOGBOHAN, CAMILLE 1,000,000.00
TUSI, JUDY ANN 1,000,000.00
VALDEZ, GLADWIN 1,000,000.00

PRE-OPERATING EXPENSE
ANNUAL RENTALS 9A 144,000.00
BUILDING CONSTRUCTION 9A 114,733.90
KITCHEN EQUIPMENT 2C 350.00
OFFICE FURNITURES AND FIXTURES 2B 44,539.00
OFFICE EQUIPMENT 2A 141,755.00
ORGANIZATION EXPENSE 14 8,170.00
INSTALLATION EXPENSE 9 27,000.00
PRE-ADVERTISING EXPENSE 4 136,950.00
MAINTENANCE AND ACCOUNTANT FEE 12 24,216.00
Net Cash on Hand
10,000,000.00

641,713.90

9,358,286.10
 NOTE
Sales 8
Cost of Goods Sold 11
Gross Profit

Operating Expenses
Marketing Expense 4
Utilities Expense 9
Salaries and Wages Expense 6A
Labor Related Expenses 13
Depreciation Expense 5
Maintenance Supplies 7
Store and Office Supplies 2
SSS Expense 6B
Philhealth Expense 6B
HDMF Expense 6B
Security and Accountant's Professional Fee Expense 12
Medicine Expense 3
VAT Expense 10
Total Operating Expense
Net Income Before Tax
30% Business Tax
Net Income After Tax
 2019 2020 2021 2022 2023
24,771,015.00 26,009,565.75 27,310,044.04 28,675,546.24 30,109,323.55
12,385,507.50 13,004,782.88 13,655,022.02 14,337,773.12 15,054,661.78
12,385,507.50 13,004,782.88 13,655,022.02 14,337,773.12 15,054,661.78

136,950.00 143,797.50 150,987.38 158,536.74 166,463.58

1,166,520.00 1,259,841.60 1,360,628.93 1,469,479.24 1,587,037.58
2,988,000.00 3,137,400.00 3,294,270.00 3,458,983.50 3,631,932.68
87,000.00 91,350.00 95,917.50 100,713.38 105,749.04
163,199.05 163,199.05 163,199.05 163,199.05 163,199.05
4,688.00 4,922.40 5,168.52 5,426.95 5,698.29
44,784.00 47,023.20 49,374.36 51,843.08 54,435.23
98,534.40 103,461.12 108,634.18 114,065.88 119,769.18
34,950.00 36,697.50 38,532.38 40,458.99 42,481.94
19,200.00 20,160.00 21,168.00 22,226.40 23,337.72
290,592.00 305,121.60 320,377.68 336,396.56 353,216.39
6,000.00 6,300.00 6,615.00 6,945.75 7,293.04
2,972,521.80 3,121,147.89 3,277,205.28 3,441,065.55 3,613,118.83
8,012,939.25 8,440,421.86 8,892,078.25 9,369,341.07 9,873,732.55
4,372,568.25 4,564,361.02 4,762,943.77 4,968,432.05 5,180,929.22
1,311,770.48 1,369,308.31 1,428,883.13 1,490,529.61 1,554,278.77
3,060,797.78 3,195,052.71 3,334,060.64 3,477,902.43 3,626,650.46
 2019 2020

ASSETS
CURRENT ASSETS
Cash and Cash Equivalents 13,320,401.16 17,709,177.62
Trade and Other Receivables - -
Inventories 247,710.15 260,095.66
Prepaid expense 172,120.00 172,120.00
Total Current Asset 13,740,231.31 18,141,393.28
NONCURRENT ASSETS
Property, Plant and Equipment 469,593.90 469,593.90
Accumulated Depreciation (163,199.05) (326,398.09)
Total Noncurrent Assets 306,394.85 143,195.81

TOTAL ASSETS 14,046,626.16 18,284,589.09

LIABILITIES AND EQUITY

CURRENT LIABILITIES
Trade and Other Payables 1,506.00 1,506.00
Notes Payable-short term debt - -
TOTAL LIABILITIES 1,506.00 1,506.00
EQUITY
Capital 10,000,000.00 14,372,568.25
Withdrawal -
Net Income 4,372,568.25 4,564,361.02
TOTAL EQUITY 14,372,568.25 18,936,929.27

TOTAL LIABILITIES AND EQUITY 14,374,074.25 18,938,435.27

 2021 2022 2023

22,295,917.56 27,087,495.54 32,090,887.95

- - -
273,100.44 286,755.46 301,093.24
172,120.00 172,120.00 172,120.00
22,741,138.01 27,546,371.01 32,564,101.18

469,593.90 469,593.90 469,593.90

(489,597.14) (652,796.19) (815,995.23)
-20,003.24 -183,202.29 -346,401.33

22,721,134.77 27,363,168.72 32,217,699.85

1,506.00 1,506.00 1,506.00

- - -
1,506.00 1,506.00 1,506.00

18,936,929.27 23,699,873.05 28,668,305.09

- - -
4,762,943.77 4,968,432.05 5,180,929.22
23,699,873.05 28,668,305.09 33,849,234.32

23,701,379.05 28,669,811.09 33,850,740.32

 2019

CASH FLOWS FROM OPERATING ACTIVITIES

Income/(Loss) for the Year 4,372,568.25
Increase in Accounts Receivable -
Increase in Inventory 247,710.15
Increase in Prepaid Expense 172,120.00
Depreciation 163,199.05
Increase in Accrued Expense (456.00)
Net Cash Provided by/(Used in) Operating Activities 3,789,995.06

CASH FLOWS FROM INVESTING ACTIVITIES

Acquisition of Property and Equipment 469,593.90
Net Cash Used in Investing Activities 469,593.90

CASH FLOWS FROM FINANCING ACTIVITIES

Cash received from bank note payable
Withdrawals
Increase in Capital 10,000,000.00
Net Cash Provided by/(Used in) Financing Activities 10,000,000.00

NET INCREASE/(DECREASE) IN CASH

Cash, Beginning -
Cash, Ending 13,320,401.16
 2020 2021 2022 2023

4,564,361.02 4,762,943.77 4,968,432.05 5,180,929.22

- - - -
12,385.51 13,004.78 13,655.02 14,337.77
- - -
163,199.05 163,199.05 163,199.05 163,199.05

4,388,776.46 4,586,739.94 4,791,577.98 5,003,392.40

- - - -

- - - -

- - - -

13,320,401.16 17,709,177.62 22,295,917.56 27,087,495.54

17,709,177.62 22,295,917.56 27,087,495.54 32,090,887.95
 ACE PALA
STATEMENT OF CHANGES IN S

Year 2019
BLAS, ALYSSA MAE CARALIPIO, IRENE CAMILLE
BEGINNING 1,000,000.00 1,000,000.00
ADD:
NET INCOME
3,060,797.78 306,079.78 306,079.78

TOTAL 1,306,079.78 1,306,079.78

Year 2020
BLAS, ALYSSA MAE CARALIPIO, IRENE CAMILLE
BEGINNING 1,306,079.78 1,306,079.78
ADD:
NET INCOME
3,195,052.71 319,505.27 319,505.27

TOTAL 1,625,585.05 1,625,585.05

Year 2021
BLAS, ALYSSA MAE CARALIPIO, IRENE CAMILLE
BEGINNING 1,625,585.05 1,625,585.05
ADD:
NET INCOME
3,334,060.64 333,406.06 333,406.06

TOTAL 1,958,991.11 1,958,991.11

Year 2022
BLAS, ALYSSA MAE CARALIPIO, IRENE CAMILLE
BEGINNING 1,958,991.11 1,958,991.11
ADD:
NET INCOME
3,477,902.43 347,790.24 347,790.24
TOTAL 2,306,781.36 2,306,781.36

Year 2023
BLAS, ALYSSA MAE CARALIPIO, IRENE CAMILLE
BEGINNING 2,306,781.36 2,306,781.36
ADD:
NET INCOME
3,626,650.46 362,665.05 362,665.05

TOTAL 2,669,446.40 2,669,446.40

 ACE PALACE
STATEMENT OF CHANGES IN STOCKHOLDER EQUITY

CHAVEZ, IVAN REY NAVAL, JEROM PASCUAL, ROSE ANN

1,000,000.00 1,000,000.00 1,000,000.00

306,079.78 306,079.78 306,079.78

1,306,079.78 1,306,079.78 1,306,079.78

CHAVEZ, IVAN REY NAVAL, JEROM PASCUAL, ROSE ANN

1,306,079.78 1,306,079.78 1,306,079.78

319,505.27 319,505.27 319,505.27

1,625,585.05 1,625,585.05 1,625,585.05

CHAVEZ, IVAN REY NAVAL, JEROM PASCUAL, ROSE ANN

1,625,585.05 1,625,585.05 1,625,585.05

333,406.06 333,406.06 333,406.06

1,958,991.11 1,958,991.11 1,958,991.11

CHAVEZ, IVAN REY NAVAL, JEROM PASCUAL, ROSE ANN

1,958,991.11 1,958,991.11 1,958,991.11

347,790.24 347,790.24 347,790.24

 2,306,781.36 2,306,781.36 2,306,781.36

CHAVEZ, IVAN REY NAVAL, JEROM PASCUAL, ROSE ANN

2,306,781.36 2,306,781.36 2,306,781.36

362,665.05 362,665.05 362,665.05

2,669,446.40 2,669,446.40 2,669,446.40

POLICARPIO, RAPHAEL ANGELO SINOGBOHAN, CAMILLE TUSI, JUDY ANN VALDEZ, GLADWIN
1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00

306,079.78 306,079.78 306,079.78 306,079.78

1,306,079.78 1,306,079.78 1,306,079.78 1,306,079.78

POLICARPIO, RAPHAEL ANGELO SINOGBOHAN, CAMILLE TUSI, JUDY ANN VALDEZ, GLADWIN
1,306,079.78 1,306,079.78 1,306,079.78 1,306,079.78

319,505.27 319,505.27 319,505.27 319,505.27

1,625,585.05 1,625,585.05 1,625,585.05 1,625,585.05

POLICARPIO, RAPHAEL ANGELO SINOGBOHAN, CAMILLE TUSI, JUDY ANN VALDEZ, GLADWIN
1,625,585.05 1,625,585.05 1,625,585.05 1,625,585.05

333,406.06 333,406.06 333,406.06 333,406.06

1,958,991.11 1,958,991.11 1,958,991.11 1,958,991.11

POLICARPIO, RAPHAEL ANGELO SINOGBOHAN, CAMILLE TUSI, JUDY ANN VALDEZ, GLADWIN
1,958,991.11 1,958,991.11 1,958,991.11 1,958,991.11

347,790.24 347,790.24 347,790.24 347,790.24

 2,306,781.36 2,306,781.36 2,306,781.36 2,306,781.36

POLICARPIO, RAPHAEL ANGELO SINOGBOHAN, CAMILLE TUSI, JUDY ANN VALDEZ, GLADWIN
2,306,781.36 2,306,781.36 2,306,781.36 2,306,781.36

362,665.05 362,665.05 362,665.05 362,665.05

2,669,446.40 2,669,446.40 2,669,446.40 2,669,446.40

LIQUIDITY RATIOS 2019 2020
Working capital 13,740,231.31 18,141,393.28
Acid test ratio 9009.3700575476 11931.7883654272
Current Ratio 9123.6595661798 12046.0778740593
Cash Ratio 9009.3700575476 12218.7841539398
PROFITABILITY RATIOS
Net profit margin (return on sales 0.1235636803 0.1228414478
Return on asstets 0.1867737435 0.1497773124
Operating income margin 0.1765195432 0.1754877825
Return on investment 0.30 0.24
Return on equity 0.30 0.24
DU Pont on assets 0.30 0.24
Gross profit margin 0.50 0.50
FINANCIAL LEVERAGE RATIOS
Total debts and assets 0.0001072144 8.23644432478E-05
Capitalization ratio - -
Debt to equity 0.70 0.76
Interest coverage ratio (Times interest earned) - -
Longterm debt to net working capital - -
EFFICIENCY RATIOS
Cash turnover 1.86 1.47
Sales to working capital (NWC) 1.80 1.43
Total assets turnover 0.77 0.63
Fixed asset turnover 80.85 181.64
Days' sales in receivable - -
Accounts receivable turnover - -
Accts. Receiveable turnover in days - -
Days' sales in inventory 7.30 7.30
Inventory Turnover 24.39 24.39
Inventory Turnover in days 14.97 14.97
Opening Cycle - -
Day's payable outstanding - -
PayableTurnover - -
Payables Turnover in days - -
Bad-debt to accts receivableratio - -
CURRENT LIABILITIES RATIO
Current to non current - -
Current to Total 1.00 1.00
 2021 2022 2023
22,741,138.01 27,546,371.01 32,564,101.18
14986.0677325698 18176.7934962412 21508.619643315
15100.3572412019 18291.0830048733 21622.909151947
15281.6988350764 18481.4916784416 21822.838259194

0.1220818479 0.1212846097 0.1204494166

0.1257756839 0.1089442257 0.096486017
0.1744026398 0.1732637281 0.1720705952
0.20 0.17 0.15
0.20 0.17 0.15
0.20 0.17 0.15
0.50 0.50 0.50

6.62819007747E-05 5.5037485442E-05 4.67444916E-05

- - -
0.80 0.83 0.85
- - -
- - -

1.22 1.06 0.94

1.20 1.04 0.92
0.55 0.48 0.93
(1,365.28) (156.52) (86.92)
- - -
- - -
- - -
7.30 7.30 7.30
24.39 24.39 50.00
14.97 14.97 7.30
- - -
- - -
- - -
- - -
- - -

- - -
1.00 1.00 1.00
 PRE- OPERATING EXPENSES
NOTE 1

PARTICULARS NOTE
PRE-OPERATING EXPENSE
ANNUAL RENTALS 9A 144,000.00
BUILDING CONSTRUCTION 9A 114,733.90
KITCHEN EQUIPMENT 2C 350.00
OFFICE FURNITURES AND FIXTURES 2B 44,539.00
OFFICE EQUIPMENT 2A 141,755.00
ORGANIZATION EXPENSE 14 8,170.00
INSTALLATION EXPENSE 9 27,000.00
PRE-ADVERTISING EXPENSE 4 136,950.00
MAINTENANCE AND ACCOUNTANT FEE 12 24,216.00
PERMITS AND LICENSES RENEWAL EXPENSE 14 Err:509
Err:509
 OFFICE TOOLS AND SUPPLIES
NOTE 2
NO. PARTICULARS QTY
1 BALLPEN 1 BOX
2 TICKLER 3
3 BOND PAPER (SHORT) 1 RIM
4 BOND PAPER (LONG) 1 RIM
5 STAPLER 3
6 PUNCHER 2
7 TAPE DISPENSER 2
8 PENCIL 1 BOX
9 WHITE BOARD 1
10 WHITE BOARD MARKER 1 BOX
11 CORRECTION TAPE 5
12 DATE STAMP 2
13 LOG BOOK 3
14 PRINTER INK 2
15 STAPLE WIRE 1 BOX
16 PAPER RECEIPT 3
17 DAILY TIME RECORD 1 PACK
18 WHITE BOARD ERASER 2
OOLS AND SUPPLIES
NOTE 2
UNIT PRICE COST/MONTH ANNUAL COST
310.00 310.00 3,720.00
12.00 36.00 432.00
155.00 155.00 1,860.00
185.00 185.00 2,220.00
99.00 297.00 3,564.00
202.00 404.00 4,848.00
80.00 160.00 1,920.00
96.00 96.00 1,152.00
159.00 159.00 1,908.00
350.00 350.00 4,200.00
45.00 225.00 2,700.00
50.00 100.00 1,200.00
70.00 210.00 2,520.00
75.00 150.00 1,800.00
65.00 65.00 780.00
170.00 510.00 6,120.00
280.00 280.00 3,360.00
20.00 40.00 480.00
TOTAL 3,732.00 44,784.00
 OFFICE EQUIPMENT
NOTE 2A

NO. PARTICULAR QTY UNIT PRICE

1 CCTV 8 1,651.00
2 4-IN-1 PRINTER 1 15,888.00
3 TELEPHONE 2 1,299.00
4 SAFETY VAULT 1 34,499.00
5 AIR CONDITIONER (INVERTER TYPE) 2 19,499.00
6 COMPUTER SET 1 4,490.00
7 CASH REGISTER 2 9,637.00
8 BIOMETRICS DEVICE 1 4,800.00
9 FIRE EXTINGUISHER 4 2,000.00
TOTAL
OFFICE EQUIPMENT
NOTE 2A

COST USEFUL LIFE DEPRECIATION EXPENSE SALVAGE PRICE

13,208.00 5 2,113.28 2,641.60
15,888.00 5 2,542.08 3,177.60
2,598.00 5 415.68 519.60
34,499.00 5 5,519.84 6,899.80
38,998.00 5 6,239.68 7,799.60
4,490.00 5 718.40 898.00
19,274.00 5 3,083.84 3,854.80
4,800.00 5 768.00 960.00
8,000.00 5 1,280.00 1,600.00
141,755.00 22,680.80
 OFFICE FURNITURE AND FIXTURES
NOTE2B

NO. PARTICULAR QTY UNIT PRICE COST USEFUL LIFE

1 TABLE SET (SHORT) 4 4,500.00 18,000.00 8
2 TABLE SET (LONG) 3 6,500.00 19,500.00 8
3 WALL CLOCK 1 330.00 330.00 4
4 DRAWER 1 2,799.00 2,799.00 3
5 LED LIGHTS 2 1,523.00 3,046.00 3
6 MIRROR 2 330.00 660.00 4
7 DIM LIGHT 6 34.00 204.00 3
TOTAL 44,539.00
FIXTURES

DEPRECIATION EXPENSE SALVAGE PRICE

1,800.00 3,600.00
1,950.00 3,900.00
66.00 66.00
746.40 559.80
812.27 609.20
132.00 132.00
54.40 40.80
5,561.07
 KITCHEN EQUIPMENT
NOTE2C

NO. PARTICULARS QTY UNIT PRICE COST

1 LADLE 3 35.00 105.00
2 HAIRNET 120 6.17 740.40
3 REFRIGERATOR 3 200.00 600.00
4 FLAT GLASS DOOR 50 10.00 500.00
5 EXHAUST FAN 2 16,795.00 33,590.00
6 GRILL 1 15,150.00 15,150.00
7 FRYING PAN 2 1,995.00 3,990.00
8 CASEROLE 2 1,990.00 3,980.00
9 STOVE 4 869.00 3,476.00
10 LPG TANK 3 3,589.00 10,767.00
11 PLATES 2 1,905.00 3,810.00
12 SAUCER 2 3,710.00 7,420.00
13 BOWL (SMALL) 24 150.00 3,600.00
14 BOWL (BIG) 3 10.00 30.00
15 RICE COOKER (1L) 5 50.00 250.00
5 70.00 350.00
3 899.00 2,697.00
91,055.40
EQUIPMENT
TE2C

USEFUL LIFE Depreciation Expense Salvage Value

3 28.00 21.00
5 118.46 148.08
3 160.00 120.00
2 200.00 100.00
15 1,791.47 6,718.00
2 6,060.00 3,030.00
10 319.20 798.00
7 454.86 796.00
5 556.16 695.20
5 1,722.72 2,153.40
12 254.00 762.00
12 494.67 1,484.00
3 960.00 720.00
8 3.00 6.00
3 66.67 50.00
3 93.33 70.00
5 431.52 539.40
13,714.05
 MEDICINE SUPPLIES
NOTE 3

NO. PARTICULARS QTY UNIT PRICE

1 MEDICINE TOOL KIT 1 6,000.00
6,000.00
 ADVERTISING EXPENSE
NOTE 4

PRE-ADVERTISING EXPENSES

MONTH

MARCH

APRIL.
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
JANUARY
FEBRUARY
 ADVERTISING EXPENSE
NOTE 4

NG EXPENSES

PROGRAM TITLE
SOFT OPENING
GRAND OPENING
SUMMER TIME BESSY
GRADUATION TIME BESSY
aMAYzing
JUNEdependence DAY
JULY Makulay
AUGUSTO KO YAN
RAIN RAIN GO AWAY
OctoberBEST
NOVEMBERRIFIC
deSHAREber
New Year, New Life, New Taste
FEB G!
MARKETING EXPENSES
EXPENSES
6,000.00
3,500.00
20,000.00
2,500.00
3,850.00
13,500.00
8,950.00
7,500.00
15,000.00
15,200.00
9,950.00
15,000.00
6,000.00
10,000.00
136,950.00
 DEPRECIATION EXPENSE
NOTE 5

ACCOUNT NOTE DEPRECIATION EXPENSE

BUILDING CONSTRUCTION 9A 132,127.58
KITCHEN EQUIPMENT 2C 93.33
OFFICE FURNITURES AND FIXTURES 2B 5,561.07
OFFICE TOOLS AND EQUIPMENT 2A 22,680.80
MAINTENANCE SUPPLIES 7 2,736.27
TOTAL 163,199.05
SALARY EXPENSE- EE CONTRIBUTION
NOTE 6A

NO. PARTICULARS QTY GROSS INCOME

1 STORE MANAGER 1 26,000.00
3 STORE SUPERVISOR (OPERATION) 1 18,200.00
4 STORE SUPERVISOR (ADMINISTRATIVE) 1 18,200.00
5 HEAD COOK 1 15,600.00
SERVICE CREW 5 13,000.00
CASHIER 2 13,000.00
ADMINISTRATIVE STAFF 1 13,000.00
ASSISTANT COOK 2 13,000.00
KITCHEN STAFF 2 13,000.00
SECURITY GUARD 1 15,000.00
17
TOTAL ANNUAL GROSS PAY SSS SSS TOTAL PH PH CONTRIBUTION
312,000.00 581.30 581.30 325.00 325.00
218,400.00 581.30 581.30 225.00 225.00
218,400.00 581.30 581.30 225.00 225.00
187,200.00 581.30 581.30 187.50 187.50
780,000.00 490.50 2,452.50 162.50 812.50
312,000.00 490.50 981.00 162.50 325.00
156,000.00 490.50 490.50 162.50 162.50
312,000.00 490.50 981.00 162.50 325.00
312,000.00 490.50 981.00 162.50 325.00
180,000.00 - - - -
8,211.20 2,912.50
ANNUAL 98,534.40 34,950.00
HDMF HDMF CONTRIBUTION AD AD TOTAL TI PER EMPLOYEE
100.00 100.00 5,171.48 5,171.48 20,828.52
100.00 100.00 906.30 906.30 17,293.70
100.00 100.00 906.30 906.30 17,293.70
100.00 100.00 868.80 868.80 14,731.20
100.00 500.00 753.00 3,765.00 12,247.00
100.00 200.00 753.00 1,506.00 12,247.00
100.00 100.00 753.00 753.00 12,247.00
100.00 200.00 753.00 1,506.00 12,247.00
100.00 200.00 753.00 1,506.00 12,247.00
- - - 15,000.00
1,600.00 11,617.88 16,888.88
19,200.00
TI TOTAL WHT WHT TOTAL NP NP TOTAL
20,828.52 4,165.18 4,165.18 16,663.34 16,663.34
17,293.70 - - 17,293.70 17,293.70
17,293.70 - - 17,293.70 17,293.70
14,731.20 - - 14,731.20 14,731.20
61,235.00 - - 12,247.00 61,235.00
24,494.00 - - 12,247.00 24,494.00
12,247.00 - - 12,247.00 12,247.00
24,494.00 - - 12,247.00 24,494.00
24,494.00 - - 12,247.00 24,494.00
15,000.00 540.00 540.00 14,460.00 14,460.00
232,111.12 4,705.18 141,676.94 227,405.94
NP TOTAL ANNUAL SALARY EXPENSE W/O AD
199,960.08 312,000.00
207,524.40 218,400.00
207,524.40 218,400.00
176,774.40 187,200.00
734,820.00 780,000.00
293,928.00 312,000.00
146,964.00 156,000.00
293,928.00 312,000.00
293,928.00 312,000.00
173,520.00 180,000.00
2,728,871.28 2,988,000.00
SALARY EXPENSE- ER CONTRIBUTION
NOTE 6B

NO. PARTICULARS QTY

1 STORE MANAGER 1
3 STORE SUPERVISOR (OPERATION) 1
4 STORE SUPERVISOR (ADMINISTRATIVE) 1
5 HEAD COOK 1
SERVICE CREW 5
CASHIER 2
ADMINISTRATIVE STAFF 1
ASSISTANT COOK 2
KITCHEN STAFF 2
SECURITY GUARD 1
17
GROSS INCOME TOTAL ANNUAL GROSS PAY SSS SSS TOTAL PH
26,000.00 312,000.00 581.30 581.30 325.00
18,200.00 218,400.00 581.30 581.30 225.00
18,200.00 218,400.00 581.30 581.30 225.00
15,600.00 187,200.00 581.30 581.30 187.50
13,000.00 780,000.00 490.50 2,452.50 162.50
13,000.00 312,000.00 490.50 981.00 162.50
13,000.00 156,000.00 490.50 490.50 162.50
13,000.00 312,000.00 490.50 981.00 162.50
13,000.00 312,000.00 490.50 981.00 162.50
15,000.00 180,000.00 - - -
8,211.20
ANNUAL 98,534.40
PH CONTRIBUTION HDMF HDMF CONTRIBUTION TER TER TOTAL
325.00 100.00 100.00 1,006.30 1,006.30
225.00 100.00 100.00 906.30 906.30
225.00 100.00 100.00 906.30 906.30
187.50 100.00 100.00 868.80 868.80
812.50 100.00 500.00 753.00 3,765.00
325.00 100.00 200.00 753.00 1,506.00
162.50 100.00 100.00 753.00 753.00
325.00 100.00 200.00 753.00 1,506.00
325.00 100.00 200.00 753.00 1,506.00
- - - -
2,912.50 1,600.00 7,452.70 12,723.70
34,950.00 19,200.00 152,684.40
SALARY EXPENSE W/O AD
312,000.00
218,400.00
218,400.00
187,200.00
780,000.00
312,000.00
156,000.00
312,000.00
312,000.00
180,000.00
 MAINTENANCE SU
NOTE 7

NO. PARTICULARS QTY UNIT PRICE

1 GARBAGE BIN 6 199.00
2 MOP 2 320.00
3 GARBAGE BAG 1 PACK 250.00
4 BAR SOAP 6 243.00
5 LIQUID SOAP 2 149.00
6 SPONGE 2 10.00
7 DISHWASHING LIQUID 1 PACK 168.00
8 DUST PAN 2 45.00
9 TISSUE 2 PACKS 75.00
10 BROOM 2 200.00
11 RAGS 4 5.00
TOTAL
MAINTENANCE SUPPLIES
NOTE 7

COST/MONTH USEFUL LIFE DERECIATION EXPENSE SALVAGE PRICE

1,194.00 3 318.40 238.80
640.00 3 170.67 128.00
250.00 1 200.00 50.00
1,458.00 1 1,166.40 291.60
298.00 1 238.40 59.60
20.00 1 16.00 4.00
168.00 1 134.40 33.60
90.00 2 36.00 18.00
150.00 1 120.00 30.00
400.00 1 320.00 80.00
20.00 1 16.00 4.00
4,688.00 2,736.27
 SA
NO

Goods selling price Transaction(weekday)

BOODLE SET A 149 3

BOODLE SET B 299 2
BOODLE SET C 449 4
BOODLE SET D 599 2
BOODLE SET E 749 2
INIHAW BANGUS 99 18
INIHAW TILAPIA 50 12
INIHAW MANOK 79 17
INIHAW LIEMPO 79 14
INIHAW SQUID 500 8
PINIRITO GALUNGGONG 89 19
PINIRITO TILAPIA 59 19
PINIRITO MANOK 79 26
PINIRITO PORKCHOP 79 21
PINIRITO DAING 79 17
SINANGAG NA SHIRMP 210 15
NILAGANG BUTO-BUTO 149 7
NILAGANG BABOY 149 15
SINIGANG NA MANOK 139 8
SINIGANG NA BAKA 149 12
SINIGANG NA SHRIMP 210 12
PAKSIW NA BANGUS 139 14
TINOLA 139 10
DINUGUAN 129 15
KALDERETA (MANOK) 139 15
KALDERETA (BABOY) 139 18
BINAGOONGANG BABOY 129 14
PINAKBET 75 16
AMPALAYA 59 12
ADOBONG KANGKONG 69 11
GINATAANG LANGKA 120 14
CUP OF PLAIN RICE 10 293
BOWL OF PLAIN RICE 50 12
SEAFOOD RICE 99 11
FRIED RICE 45 35
COFFEE 25 32
MILK 25 26
TEA 25 29
CHOCOLATE 25 31
BOTTLE WATER 12 23
GLASS OF JUICES 12 22
2LITERS SOFT DRINKS 85 8
 SALES
NOTE 8

cost Transaction(weekends) cost annual cost

₱ 447.00 5 ₱745.00 ₱194,147.00

₱ 598.00 9 ₱2,691.00 ₱435,942.00
₱ 1,796.00 9 ₱4,041.00 ₱889,020.00
₱ 1,198.00 8 ₱4,792.00 ₱811,046.00
₱ 1,498.00 7 ₱5,243.00 ₱936,250.00
₱ 1,782.00 30 ₱2,970.00 ₱773,982.00
₱ 600.00 24 ₱1,200.00 ₱281,400.00
₱ 1,343.00 28 ₱2,212.00 ₱580,571.00
₱ 1,106.00 23 ₱1,817.00 ₱477,634.00
₱ 4,000.00 11 ₱5,500.00 ₱1,616,000.00
₱ 1,691.00 24 ₱2,136.00 ₱663,495.00
₱ 1,121.00 23 ₱1,357.00 ₱433,709.00
₱ 2,054.00 32 ₱2,528.00 ₱799,006.00
₱ 1,659.00 28 ₱2,212.00 ₱663,047.00
₱ 1,343.00 22 ₱1,738.00 ₱531,275.00
₱ 3,150.00 17 ₱3,570.00 ₱1,193,430.00
₱ 1,043.00 11 ₱1,639.00 ₱442,679.00
₱ 2,235.00 18 ₱2,682.00 ₱862,263.00
₱ 1,112.00 13 ₱1,807.00 ₱478,160.00
₱ 1,788.00 14 ₱2,086.00 ₱683,612.00
₱ 2,520.00 17 ₱3,570.00 ₱1,029,000.00
₱ 1,946.00 17 ₱2,363.00 ₱753,658.00
₱ 1,390.00 13 ₱1,807.00 ₱550,718.00
₱ 1,935.00 18 ₱2,322.00 ₱746,523.00
₱ 2,085.00 15 ₱2,085.00 ₱761,025.00
₱ 2,502.00 20 ₱2,780.00 ₱942,142.00
₱ 1,806.00 16 ₱2,064.00 ₱686,022.00
₱ 1,200.00 19 ₱1,425.00 ₱461,400.00
₱ 708.00 17 ₱1,003.00 ₱289,100.00
₱ 759.00 19 ₱1,311.00 ₱334,443.00
₱ 1,680.00 18 ₱2,160.00 ₱663,120.00
₱ 2,930.00 476 ₱4,760.00 ₱1,259,770.00
₱ 600.00 17 ₱850.00 ₱245,000.00
₱ 1,089.00 15 ₱1,485.00 ₱438,669.00
₱ 1,575.00 16 ₱720.00 ₱485,955.00
₱ 800.00 21 ₱525.00 ₱263,400.00
₱ 650.00 17 ₱425.00 ₱213,850.00
₱ 725.00 18 ₱450.00 ₱236,025.00
₱ 775.00 21 ₱525.00 ₱256,875.00
₱ 276.00 15 ₱180.00 ₱90,756.00
₱ 264.00 14 ₱168.00 ₱86,376.00
₱ 680.00 6 ₱510.00 ₱230,520.00
₱24,771,015.00
UTILITIES, RENT AND RENOVATION EXPENSE
NOTE 9

2019
NO. PARTICULARS INSTALLATION MONTHLY DUES
1 ELECTRICITY EXPENSE 10,000.00 90,610.00
2 WATER EXPENSE 15,000.00 4,000.00
3 TELEPHONE & WIFI 2,000.00 2,600.00
TOTAL 27,000.00 97,210.00

Note:
* electricity expese is assumed at P90,610/ month, expecting it to rise at 8% per annum
*water expense is assumed at P4,000/month, expecting it to rise at 5% per annum

2020
NO. PARTICULARS INSTALLATION MONTHLY DUES
1 ELECTRICITY EXPENSE 97,858.80
2 WATER EXPENSE 4,320.00
3 TELEPHONE & WIFI 2,808.00
TOTAL

2021
NO. PARTICULARS INSTALLATION MONTHLY DUES
1 ELECTRICITY EXPENSE 105,687.50
2 WATER EXPENSE 4,665.60
3 TELEPHONE & WIFI 3,032.64
TOTAL

2022
NO. PARTICULARS INSTALLATION MONTHLY DUES
1 ELECTRICITY EXPENSE 114,142.50
2 WATER EXPENSE 5,038.85
3 TELEPHONE & WIFI 3,275.25
TOTAL
2023
NO. PARTICULARS INSTALLATION MONTHLY DUES
1 ELECTRICITY EXPENSE 123,273.90
2 WATER EXPENSE 5,441.96
3 TELEPHONE & WIFI 3,537.27
TOTAL
ANNUAL EXPENSES
1,087,320.00
48,000.00
31,200.00
1,166,520.00

ANNUAL EXPENSES
1,174,305.60
51,840.00
33,696.00
1,259,841.60

ANNUAL EXPENSES
1,268,250.05
55,987.20
36,391.68
1,360,628.93

ANNUAL EXPENSES
1,369,710.05
60,466.18
39,303.01
1,469,479.24
ANNUAL EXPENSES
1,479,286.86
65,303.47
42,447.26
1,587,037.58
 RENT AND BUILDING CONSTRUCTION
NOTE 9A

NO.
1
2
3
4
5
6

Rent

BUILDING DEPRECIATION
Annual Rent
Lease Term
Useful Life of Building (Years)
Restoration Cost
Implicit Rate
PV Factor for 5 years

Present Value for 5 years

Restoration Cost
Total

Annual Depreciation
 RENT AND BUILDING CONSTRUCTION
NOTE 9A

Description
Interior walls and ceilings
Electrical and plumbing
Roofing materials
Doors, windows and accessories
Carpeting and tiles
Painting materials

B. ESTIMATED COST OF LABOR (including supervision fee)

LABOR COST (40%)

CONTRACTOR'S FEE 10%

12 000 per month 12,000.00

COMPUTATION
144,000.00
5
25
114,733.90
10%
3.79

545904
114,733.90
660,637.90
5
132127.58
Cost
23,116.00
9,100.00
25,740.00
8,310.00
8,750.00
9,717.90

75,000.00

30,000.00
114,733.90
11,473.39

144,000.00

258,733.90
 VAT PAYABLE
NOTE 10

SALES 24,771,015.00
VAT 12.00%
SALES VAT EXPENSE 2,972,521.80
 Goods CGS per unit
BOODLE SET A ₱ 74.50
BOODLE SET B ₱ 149.50
BOODLE SET C ₱ 224.50
BOODLE SET D ₱ 299.50
BOODLE SET E ₱ 374.50
INIHAW BANGUS ₱ 49.50
INIHAW TILAPIA ₱ 25.00
INIHAW MANOK ₱ 39.50
INIHAW LIEMPO ₱ 39.50
INIHAW SQUID ₱ 250.00
PINIRITO GALUNGGONG ₱ 44.50
PINIRITO TILAPIA ₱ 29.50
PINIRITO MANOK ₱ 39.50
PINIRITO PORKCHOP ₱ 39.50
PINIRITO DAING ₱ 39.50
SINANGAG NA SHIRMP ₱ 105.00
NILAGANG BUTO-BUTO ₱ 74.50
NILAGANG BABOY ₱ 74.50
SINIGANG NA MANOK ₱ 69.50
SINIGANG NA BAKA ₱ 74.50
SINIGANG NA SHRIMP ₱ 105.00
PAKSIW NA BANGUS ₱ 69.50
TINOLA ₱ 69.50
DINUGUAN ₱ 64.50
KALDERETA (MANOK) ₱ 69.50
KALDERETA (BABOY) ₱ 69.50
BINAGOONGANG BABOY ₱ 64.50
PINAKBET ₱ 37.50
AMPALAYA ₱ 29.50
ADOBONG KANGKONG ₱ 34.50
GINATAANG LANGKA ₱ 60.00
CUP OF PLAIN RICE ₱ 5.00
BOWL OF PLAIN RICE ₱ 25.00
SEAFOOD RICE ₱ 49.50
FRIED RICE ₱ 22.50
COFFEE ₱ 12.50
MILK ₱ 12.50
TEA ₱ 12.50
CHOCOLATE ₱ 12.50
BOTTLE WATER ₱ 6.00
GLASS OF JUICES ₱ 6.00
2LITERS SOFT DRINKS ₱ 42.50

* The Company is expected to have at least 2% inventor

MERCHANDISE INVENTORY, BEG.

MERCHANDISE INVENTORY, END
ANNUAL CGS
TGAS
 COST OF GOODS SOLD
NOTE 11

Transaction(weekday) cost Transaction(weekends) cost

3 ₱223.50 5 ₱372.50
2 ₱299.00 9 ₱1,345.50
4 ₱898.00 9 ₱2,020.50
2 ₱599.00 8 ₱2,396.00
2 ₱749.00 7 ₱2,621.50
18 ₱891.00 30 ₱1,485.00
12 ₱300.00 24 ₱600.00
17 ₱671.50 28 ₱1,106.00
14 ₱553.00 23 ₱908.50
8 ₱2,000.00 11 ₱2,750.00
19 ₱845.50 24 ₱1,068.00
19 ₱560.50 23 ₱678.50
26 ₱1,027.00 32 ₱1,264.00
21 ₱829.50 28 ₱1,106.00
17 ₱671.50 22 ₱869.00
15 ₱1,575.00 17 ₱1,785.00
7 ₱521.50 11 ₱819.50
15 ₱1,117.50 18 ₱1,341.00
8 ₱556.00 13 ₱903.50
12 ₱894.00 14 ₱1,043.00
12 ₱1,260.00 17 ₱1,785.00
14 ₱973.00 17 ₱1,181.50
10 ₱695.00 13 ₱903.50
15 ₱967.50 18 ₱1,161.00
15 ₱1,042.50 15 ₱1,042.50
18 ₱1,251.00 20 ₱1,390.00
14 ₱903.00 16 ₱1,032.00
16 ₱600.00 19 ₱712.50
12 ₱354.00 17 ₱501.50
11 ₱379.50 19 ₱655.50
14 ₱840.00 18 ₱1,080.00
293 ₱1,465.00 476 ₱2,380.00
12 ₱300.00 17 ₱425.00
11 ₱544.50 15 ₱742.50
35 ₱787.50 16 ₱360.00
32 ₱400.00 21 ₱262.50
 26 ₱325.00 17 ₱212.50
29 ₱362.50 18 ₱225.00
31 ₱387.50 21 ₱262.50
23 ₱138.00 15 ₱90.00
22 ₱132.00 14 ₱84.00
8 ₱340.00 6 ₱255.00
Total CGS

cted to have at least 2% inventory at the end of the year

247,710.15
12,385,507.50
12,633,217.65
annual cost
₱97,073.50
₱217,971.00
₱444,510.00
₱405,523.00
₱468,125.00
₱386,991.00
₱140,700.00
₱290,285.50
₱238,817.00
₱808,000.00
₱331,747.50
₱216,854.50
₱399,503.00
₱331,523.50
₱265,637.50
₱596,715.00
₱221,339.50
₱431,131.50
₱239,080.00
₱341,806.00
₱514,500.00
₱376,829.00
₱275,359.00
₱373,261.50
₱380,512.50
₱471,071.00
₱343,011.00
₱230,700.00
₱144,550.00
₱167,221.50
₱331,560.00
₱629,885.00
₱122,500.00
₱219,334.50
₱242,977.50
₱131,700.00
 ₱106,925.00
₱118,012.50
₱128,437.50
₱45,378.00
₱43,188.00
₱115,260.00
₱12,385,507.50
 MAINTENANCE AND ACOUNTANT FEE
NOTE 12

Fees Monthly Annually

Maintenance Fee 14,216.00 170,592.00
Accountant Fee 10,000.00 120,000.00
TOTAL 24,216.00 290,592.00
 LABOR RELATED EXPENSE
NOTE 13

TRAINING AND SEMINARS QTY UNIT

PERSONALITY DEVELOPMENT 1 3,000.00
EFFECTIVE CUSTOMER HANDLING 1 3,000.00
SAFETY WORKPLACE TRAINING 1 3,000.00
HIV- AIDS PREVENTION SEMINAR 1 3,000.00
DRUG AND ALCOHOL FREE WORKPLACE PROGRAM 1 3,000.00
ANTI SEXUAL HARASSMENT SEMINAR 1 3,000.00
PROPER COMPUTATION OF WAGES 1 3,000.00
FORMATION OF SAFETY COMMITTEE
AND SAFETY WORKPLACE SEMINAR 1 3,000.00
HEPATITIS B PREVENTION IN THE WORKPLACE 1 3,000.00
HAIR SERVICE TRAINING 1 2,000.00
MASSAGE SERVICE TRAINING 1 2,000.00
HAND AND FOOT SERVICE TRAINING 1 2,000.00
TOTAL

FRINGE BENEFITS QTY UNIT

EMPLOYEE OF THE MONTH 3 1,000.00
CHRISTMAS PARTY 1 40,000.00
COMPANY OUTING 1 30,000.00
10% EMPLOYEE DISCOUNT 14 1,000.00
TOTAL

OTHER EXPENSE QTY SET

FREE UNIFORM- HAIR SPECIALIST, REFLEXOLOGIST,
HAND AND FOOT EXPERT 12 2

FREE UNIFORM- MANAGER 1 2

FREE UNIFORM- RECEPTIONIST 1 2

LABOR RELATED EXPENSES

 COST
3,000.00
3,000.00
3,000.00
3,000.00
3,000.00
3,000.00
3,000.00

3,000.00
3,000.00
2,000.00
2,000.00
2,000.00
33,000.00

COST
3,000.00
40,000.00
30,000.00
14,000.00
87,000.00

UNIT COST
650.00 15,600.00

800.00 1,600.00
700.00 1,400.00
TOTAL 18,600.00

138,600.00
 ORGANIZATION EXPENSE
NOTE 14
No.
1

3
4
5
6
7
8
9
10
ORGANIZATION EXPENSE
NOTE 14
Particulars Cost
OCCUPATIONAL TAX 45.00
ECOLOGICAL AND WASTE MANAGEMENT 50.00
PEACE AND ORDER CHARGE 25.00
BUSINESS PLATE/STICKER FEE 300.00
SANITARY INSPECTION FEE 200.00
ANNUAL ELECTRICAL INSPECTION FEE 325.00
ANNUAL PLUMBING INSPECTION FEE 60.00
ANNUAL SIGNBOARDS INSPECTION FEE 30.00
ANNUAL BUILDING INSPECTION 120.00
LOCATION CLEARANCE FEE 100.00
FIRE INSPECTION FEE 200.00
BARANGAY CLEARANCE 200.00
DOCUMENTARY STAMP 15.00
BUSINESS PERMIT 3,000.00
DTI PERMIT 3,500.00
Organization Expense 8,170.00
 CAPITAL INVESTMENT
NOTE 15

CAPITAL INVESTMENT 10,000,000.00

BLAS, ALYSSA MAE 1,000,000.00
CARALIPIO, IRENE CAMILLE 1,000,000.00
CHAVEZ, IVAN REY 1,000,000.00
ESTARIS, CARL JOSEPH 1,000,000.00
NAVAL, JEROM 1,000,000.00
PASCUAL, ROSE ANN 1,000,000.00
POLICARPIO, RAPHAEL ANGELO 1,000,000.00
SINOGBOHAN, CAMILLE 1,000,000.00
TUSI, JUDY ANN 1,000,000.00
VALDEZ, GLADWIN 1,000,000.00