Chapter 5 B Financial Projection

8/2/2019 Chapter 5 B Financial Projection

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Employee Salary

Monthly 2012 2013 2014 2015(Php) (Php) (Php) (Php)

Manager 7,000 84,000 87,600 91,200 94,800

Sales

person 3,000 36,000 38,400 40,800 43,200

Driver/

Helper 3,000 36000 38,400 40,800 43,200

Production

Worker (2) 5,000 120000 124,800 129,600 134,400

Total 18,000 276,000 289,200 302,400 315,600

SSS Monthly

Monthly Employer 2012 2013 2014 2015

(Php) (Php) (Php) (Php)

Manager

728.00 504.70 6,056.40 6,480.00 6,480.00 6,903.60

Sales

person

312.00 222.00 2,664.00 2,664.00 3,087.60 3,087.60

Production

Worker (2)

520.00 363.30 8,719.20 8,719.20 9,568.80 9,568.80

Driver/

Helper

312.00 222.00 2,664.00 2,664.00 3,087.60 3,087.60

Total 20,103.60 20,527.20 22,224.00 22,647.60

Table 24

SSS Benefits Contribution

(From year 2012 - 2016)

Year

Table 22

Salary of employees

(From Year 2012 - 2016)

Employer Annual Contribution

Contribution


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PhilHealth Monthly

Monthly Employer 2012 2013 2014 2015


Manager

175.00 87.50 1,050.00 1,050.00 1,050.00 1,050.00

Sales

person

100.00 50.00 600.00 600.00 600.00 600.00

Production

Worker (2)

125.00 62.50 1,500.00 1,500.00 1,500.00 1,500.00

Driver/

Helper

100.00 50.00 600.00 600.00 600.00 600.00

Total 3,750.00 3,750.00 3,750.00 3,750.00

Salary

Employee Monthly 2012 2013 2014 2015


Manager 7,000 7,000 7,300 7,600 7,900

Sales

person 3,000 3,000 3,200 3,400 3,600

Driver/Helper 3,000 3,000 3,200 3,400 3,600

Production

Worker (2) 5,000 10000 10400 10800 11200

Total 18,000 23,000 24,100 25,200 26,300

Table 25

PhilHealth Benefits Contribution

(From year 2012 - 2016)

Contribution

Employer Annual Contribution

Year

Table 2313th Month Pay Benefits

From year 2012 - 2016


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Acquisition Total Cost

Cost

2016 Office and Store Equipment(Php) Electric Fan Php1,116.07

98,400 Display rack 3,571.43 Php4,687.50

Office and Store Furniture and Fixture

45,600 Table 4,017.86

Chair 223.21

45,600 Filing Cabinet 2,500.00 6,741.07

Production Tools and Equipment

139,200 Tools

328,800 Measuring Spoon 43.75

Knives 107.14

Measuring cups 98.21

Spatula 89.29

Chopping board 496.43

Strainer 567.86

Pothholder 25.00

Stockpot 3,210.71

Scale 830.36

Scissors 160.71

Jar lifter 178.57

2016 Equipment

(Php) Pressure Canner 53,375.89

Gas Stove 3,211.61

6,903.60 Freezer 21,428.57

Exhaust fan 1,071.43

Fire Extinguisher 4,464.29

3,512.40 Generator set 13,392.86

Sealer 3,125.00

Drum 348.21 106,225.89

10,416.00 Production Furniture and Fixture

Table 2,857.14

Chair 892.86

3,512.40 Kitchen Cabinet 2,232.14 5,982.14

24,344.40 Delivery/Service Equipment 58,035.71 58,035.71

Total 181,672.32 Php181,672.32

Particulars

Table 26

Machinery, Equipment, Furniture and Fixtures


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2016

(Php)

1,200.00

600.00

1,500.00

600.00

3,900.00

2016

(Php)

8,200

3,800

3,800

11600

27,400


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Particulars Qty Price Net of vat

plywood 12 380 4560 4071.429

Cement 4 bags 220 880 785.7143

Hollowblocks 30 8 240 214.2857Steel Bar 10 95 950 848.2143

Tiles 40 30 1200 1071.429

Coco Lumber 120 bft 20 2400 2142.857

Nail 2 kgs 50 100 89.28571

Paint 3 gals 400 1200 1071.429

Sliding door 1 8,000 7,000 6250

Labor 2 350 700

Miscelleneous 770 687.5

20000 17232.14 700

2067.857


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7/53

17932.14

2067.857

20000


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Year 1 Year 2 Year 3

Sales Php3,615,091.07 Php4,419,106.02 Php5,274,531.31

Less: COGS 3,044,069.80 3,522,929.69 3,987,359.34Gross Profit 571,021.27 896,176.32 1,287,171.97

less: Expenses

Rent Expense 10,800.00 10,800.00 11,880.00

Salaries 114,000.00 114,000.00 114,000.00

13th Month Pay 9,500.00 9,500.00 9,500.00

SSS Contribution 8,356.20 8,356.20 8,356.20

PhilHealth Contribut 1,725.00 1,725.00 1,725.00

Utilities Expense 20,721.60 21,757.68 22,845.56

Supplies Expense 1,785.71 1,875.00 1,968.75

Advertising Expense 12,000.00 12,600.00 13,230.00Permit and Licenses 19,575.46 23,595.53 27,872.66

Depreciation Expens 12,300.71 12,300.71 12,300.71

Fuel 23,571.43 32,160.00 37,920.00

Communication 4,800.00 4,800.00 4,800.00

Repairs and Mainten 12,000.00 12,600.00 13,230.00

Miscellaneous expen 2,142.86 2,250.00 2,362.50

Total Expenses 253,278.97 268,320.12 281,991.38

Net Income Before Tax 317,742.30 627,856.20 1,005,180.58

less: 30% Income Tax 95,322.69 188,356.86 301,554.18

Net Income After Tax Php222,419.61 Php439,499.34 Php703,626.41

Fuel: 480 480 480 480 480

55 67 79 91 103

26400 32160 37920 43680 49440

With Input tax 27,500.00 36,285.00 42,251.25

Input tax 3,300.00 4,354.20 5,070.15

Total Input 3,300.00 220,448.56 251,390.79

Output 433810.9286 530292.7221 632943.7573

430,510.93 309,844.17 381,552.97

Table 27

Projected Statement of Comprehensive Income ofMindoreos B

(From Year 2012-2016)


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Year 4 Year 5

Php6,263,712.86 Php7,407,618.66

4,495,146.10 5,053,339.161,768,566.76 2,354,279.49

11,880.00 12,960.00

114,000.00 114,000.00

9,500.00 9,500.00

8,356.20 8,356.20

1,725.00 1,725.00

23,987.84 25,187.23

2,067.19 2,170.55

13,891.50 14,586.0832,818.56 38,538.09

10,738.21 10,738.21

43,680.00 49,440.00

4,800.00 4,800.00

13,891.50 14,586.08

2,480.63 2,604.66

293,816.63 309,192.10

1,474,750.12 2,045,087.40

442,425.04 613,526.22

Php1,032,325.09 Php1,431,561.18

48,227.81 54,215.20

5,787.34 6,505.82

285,151.45 322,049.24

751645.5429 888914.2387

466,494.10 566,865.00

angus Sardine


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Cash Flow from Year 1 Year 2 Year 3

Operating Activities

Net Income Php222,419.61 Php439,499.34 Php703,626.41Add: Depreciation Expense 35,030.27 35,030.27 30,978.93

Add: Output Vat 433,810.93 96,481.79 102,651.04

Less: Input Tax (3,300.00) (217,148.56) (30,942.23)

Dec/Inc. in Ending Inventory (62,123.87) (8,504.82) (9,304.59)

Dec/Inc. in Income Tax Payable 95,322.69 93,034.17 113,197.32

Cash Flow from Operating 721,159.63 438,392.20 910,206.87

Activities

Cash Flow from Investing

ActivitiesProduction Tools & Equipment (106,225.89) - -

Production Furniture & Fixture (5,982.14) - -

Office & Store Equipment (4,687.50) - -

Office Furniture & Fixtures (6,741.07) - -

Delivery Equipment (58,035.71) - -

Leasehold Improvements (17,932.14) - -

Cash Flow from Investing (199,604.46) 438,392.20 910,206.87

Activities

Cash Flow from FinancingActivities

Capital Contribution 513,853.67 - -

Cash flow from Financing 513,853.67 438,392.20 910,206.87

Activities

Increase in Cash Balance 1,035,408.83 438,392.20 910,206.87

Add: Cash Balance, Beg. - 1,035,408.83 1,473,801.03

Cash Balance, End. ############# Php1,473,801.03 Php2,384,007.89

Table 27

Projected Cash Flow Statement ofMindoreos Bangus

(From Year 2012-2016)


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Year 4 Year 5

Php1,032,325.09 Php1,431,561.1829,416.43 29,416.43

118,701.79 137,268.70

(33,760.66) (36,897.79)

(10,173.11) (11,184.08)

140,870.86 171,101.18

1,277,380.40 1,721,265.61

- -

- -

- -

- -

- -

- -

1,277,380.40 1,721,265.61

- -

1,277,380.40 1,721,265.61

1,277,380.40 1,721,265.61

2,384,007.89 3,661,388.29

Php3,661,388.29 Php5,382,653.91

Sardine


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Assets Year 1 Year 2 Year 3 Year 4 Year 5

Current AssetCash Php1,035,408.83 1,473,801.03 Php2,384,007.89 Php3,661,388.29 Php5,382,653.91

Inventory 62123.87346 70,628.69 79933.2786 90106.38412 101290.4649

Input Vat 3,300.00 220,448.56 251,390.79 285,151.45 322,049.24

Total Current Assets 1,100,832.70 1,764,878.27 2,715,331.96 4,036,646.12 5,805,993.61

Fixed Asset

Building Improvement 17,932.14 - - - -

Office and Store Equipment 4,688 - - - -

Office and Store F & F 6,741 - - - -

Production Tools and Equip 106,226 - - - -

Production F & F 5,982 - - - -

Delivery/Service Equip. 58,036 - - - -

Total Fixed Assets 199,604.46 199,604.46 199,604.46 199,604.46 199,604.46

Less: Accumulated Dep'n 35,030.27 70,060.54 101,039.46 130,455.89 159,872.32Net Fixed Assets 164,574.20 129,543.93 98,565.00 69,148.57 39,732.14

Total Assets 1,265,406.90 1,894,422.20 2,813,896.96 4,105,794.70 5,845,725.75

Liabilities and Capital

Liabilities and Capital

Income Tax Payable 95,322.69 188,356.86 301,554.18 442,425.04 613,526.22

Output Vat 433,810.93 530,292.72 632,943.76 751,645.54 888,914.24

Total Liabilities 529,133.62 718,649.58 934,497.93 1,194,070.58 1,502,440.46

Capital

(From Year 2012-2016)

Table 28

Projected Statement of Financial Position ofMindoreos Bangus Sardine


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Capital, Beg 513,853.67 736,273.28 1,175,772.62 1,879,399.03 2,911,724.12

Add: Net Income 222,419.61 439,499.34 703,626.41 1,032,325.09 1,431,561.18

Capital, End 736,273.28 1,175,772.62 1,879,399.03 2,911,724.12 4,343,285.30

Total Liabilities Php1,265,406.90 Php1,894,422.20 Php2,813,896.96 Php4,105,794.70 Php5,845,725.75

and Capital

217,079.73-

-


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mach 89285.7143

10,714.29

Equity 100000


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Year 1 Year 2 Year 3 Year 4 Year 5

Direct Materials

Bangus Php1,038,180.00 Php1,189,030.50 Php1,354,553.55 Php1,535,323.31 Php1,733,044.50Corn Oil 652,295.63 747,076.04 851,075.31 964,654.20 1,088,883.78

Carrots 77,382.86 88,626.81 100,964.41 114,438.45 129,176.00

Pickels 123,914.71 141,919.87 161,676.31 183,252.57 206,852.10

black pepper 34,606.00 39,634.35 45,151.79 51,177.44 57,768.15

siling labuyo 34,606.00 39,634.35 45,151.79 51,177.44 57,768.15

bay leaf 69,212.00 79,268.70 90,303.57 102,354.89 115,536.30

Direct Labor

2 Production w 120,000.00 124,800.00 129,600.00 134,400.00 139,200.00

Benefits

13th month 10,000.00 10,400.00 10,800.00 11,200.00 11,600.00

SSS 8,719.20 8,719.20 9,568.80 9,568.80 10,416.00

Philhealth 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00

Factory Overheadsalt 43,257.50 49,542.94 56,439.73 63,971.80 72,210.19

water 302.80 346.80 395.08 447.80 505.47

bottle 757,006.25 867,001.41 987,695.30 1,119,506.58 1,263,678.28

Seal 19,774.86 22,648.20 25,801.02 29,244.25 33,010.37

gasul 18,453.10 22,140.79 26,424.07 31,376.66 37,103.93

rent 25,200.00 25,200.00 27,720.00 27,720.00 30,240.00

Manager 42,000.00 43,800.00 45,600.00 47,400.00 49,200.00

13th month pay 3,500.00 3,650.00 3,800.00 3,950.00 4,100.00

SSS 3,028.20 3,240.00 3,240.00 3,451.80 3,451.80

Philhealth 525.00 525.00 525.00 525.00 600.00

Depreciation 22,729.55 22,729.55 18,678.21 18,678.21 18,678.21

Schedule 1

Product Cost


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Total Php3,106,193.67 Php3,531,434.51 Php3,996,663.93 Php4,505,319.21 Php5,064,523.24


17/53

288.38

Direct Materials: Unit Measure Price/Unit Per 288 bottles Amount Per bottle

Bangus Kilo 60 72 4320 15.00

Corn Oil Liter 160 19 3040 9.42

Carrots Kilo 70 4.6 322 1.12

Pickels piece 15 38.5 577.5 1.79black pepper 0.5 288 144 0.50

siling labuyo 0.5 288 144 0.50

bay leaf piece 1 288 288 1.00

Direct labor: 2 workers 2 5000 500 1.73380

13th month 41.66667 0.14448

SSS 0.12598

Philhealth 0.02167

Factory Overhead

salt Kilo 10 18 180 0.625

water 12.6 10% 1.26 0.004375

bottle 12.25 288 3528 10.94

Seal 0.32 288 92.16 0.29

gasul 860 2 86 0.27

rent 150 70% 105 0.36

Manager--salary 0.61

0.05

SSS 0.04Philhealt 0.01

DEPRECIATION 0.33

13369.59

46.42218

with input tax

Input Vat

without input tax

YEAR 1


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Year

Percent Quantity

2012 276,084 25% 69,021 2,736

2013 278,676 27% 75,242 2,808

2014 281,340 29% 81,588 2,916

2015 283,968 31% 88,030 2,988

2016 286,632 33% 94,588 3,096

Household

Total

Demand

Market Share Total Demand


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5,767.67 69,212 75,494

Per month Annually Direct Materials: Price per unit Annually Direct Mat

86,515.00 1,038,180.00 Bangus 15.75 1,189,030.50

54,357.97 652,295.63 Corn Oil 9.90 747,076.04

6,448.57 77,382.86 Carrots 1.17 88,626.81

10,326.23 123,914.71 Pickels 1.88 141,919.872,883.83 34,606.00 black pepper 0.53 39,634.35

2,883.83 34,606.00 siling labuyo 0.53 39,634.35

5,767.67 69,212.00 bay leaf 1.05 79,268.70

10,000.00 120,000.00 Direct labor: 2 workers 1.65 124,800.00 Direct labo

833.33 10,000.00 13thmonth pay 0.14 10,400.00

SSS 0.12 8,719.20

726.60 8,719.20 Philhealth 0.02 1,500.00

125.00 1,500.00

Factory Overhead Factory Ov

3,604.79 43,257.50 salt 0.66 49,542.94

25.23 302.80 water 0.00 346.80

63,083.85 757,006.25 bottle 11.48 867,001.41

1,647.90 19,774.86 Seal 0.30 22,648.20

1,537.76 18,453.10 gasul 0.29 22,140.79

2,100.00 25,200.00 rent 0.33 25,200.00

3,500.00 42,000.00 Manager--salary 0.58 43,800.00

291.67 3,500.00 13th month 0.05 3,650.00

252.35 3,028.20 SSS 0.04 3,240.0043.75 525.00 Philhealth 0.01 525.00

1,894.13 22,729.55 DEPRECIATION 0.30 22,729.55

258,849.47 3,106,193.67 46.78 3,531,434.51

44.88 44.88 46.78

1,571,444.56 Assumption: 1,800,786.31

1,403,075.50 216,094.36

168,369.06

1,534,749.12

3,106,193.67

YEAR 2


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Percent Quantity

7% 191 69,212

9% 252 75,494

11% 320 81,908

13% 388 88,418

15% 464 95,052

Tourist

Market Share


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81,908 88,418

rials: Price per un Annually Direct Materials: Price per unit Annually Direct Mate

Bangus 16.54 1,354,553.55 Bangus 17.36 1,535,323.31

Corn Oil 10.39 851,075.31 Corn Oil 10.91 964,654.20

Carrots 1.23 100,964.41 Carrots 1.29 114,438.45

Pickels 1.97 161,676.31 Pickels 2.07 183,252.57black pepper 0.55 45,151.79 black pepp 0.58 51,177.44

siling labuyo 0.55 45,151.79 siling labuy 0.58 51,177.44

bay leaf 1.10 90,303.57 bay leaf 1.16 102,354.89

r: 2 workers 1.58 129,600.00 Direct labor: 2 worker 1.52 134,400.00 Direct labor

13thmonth p 0.13 10,800.00 13thmonth 0.13 11,200.00

SSS 0.12 9,568.80 SSS 0.11 9,568.80

Philhealth 0.02 1,500.00 Philhealth 0.02 1,500.00

rhead Factory Overhead Factory Ove

salt 0.69 56,439.73 salt 0.72 63,971.80

water 0.004823 395.08 water 0.01 447.80

bottle 12.06 987,695.30 bottle 12.66 1,119,506.58

Seal 0.32 25,801.02 Seal 0.33 29,244.25

gasul 0.32 26,424.07 gasul 0.35 31,376.66

rent 0.34 27,720.00 rent 0.31 27,720.00

Manager--sal 0.56 45,600.00 Manager-- 0.54 47,400.00

13th month 0.05 3,800.00 13th mont 0.04 3,950.00

SSS 0.04 3,240.00 SSS 0.04 3,451.80Philhealth 0.01 525.00 Philhealth 0.01 525.00

DEPRECIATI 0.23 18,678.21 DEPRECIAT 0.21 18,678.21

48.79 3,996,663.93 50.95 4,505,319.21

48.79 48.79 50.95

2,052,672.01 2,328,034.25

246,320.64 279,364.11

YEAR 3 Year 4


22/53


23/53

95,052

rials: Price per u Annually

Bangus 18.23 1,733,044.50

Corn Oil 11.46 1,088,883.78

Carrots 1.36 129,176.00

Pickels 2.18 206,852.10black pepp 0.61 57,768.15

siling labuy 0.61 57,768.15

bay leaf 1.22 115,536.30

: 2 workers 1.46 139,200.00

13thmonth 0.12 11,600.00

SSS 0.11 10,416.00

Philhealth 0.02 1,500.00

rhead

salt 0.76 72,210.19

water 0.01 505.47

bottle 13.29 1,263,678.28

Seal 0.35 33,010.37

gasul 0.39 37,103.93

rent 0.32 30,240.00

Manager-- 0.52 49,200.00

13th mont 0.04 4,100.00

SSS 0.04 3,451.80Philhealth 0.01 600.00

DEPRECIAT 0.20 18,678.21

53.28 5,064,523.24

53.28

2,629,528.47

315,543.42

Year 5


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200 grams perbottle 15.00

corn oil 1 liter 15 bottles

1000 66.66667 10.56

1920019.2 3040

carrots 1 carrot 50 pieces 4 pieces per bottle 70 1.12

2 grams 1152 62.5

23.04

46.08

4.608

Pickels 1 pieces 30 pieces 4 pieces perbottle 15

1152 7.5 1.79

38.4

black pepper 0.5 0.5

siling Labuyo' 0.5

salt 62.5 0.625

4500

4.5

bayleaf 1

bottle 2880 12.25

240

3.75

900

sealer 0.32

Direct labor 10000 5760 1.736111

water 12.6

1.26

0.004375

gasul 1720 5760 0.298611

45.7000


25/53


Production Cost Php3,106,193.67 Php3,531,434.51 Php3,996,663.93 Php4,505,319.21 5,064,523.24PhpAdd: Beginning Inventory 62,123.87 70,628.69 79,933.28 90,106.38

Total Goods Available for Sale 3,106,193.67 3,593,558.38 4,067,292.62 4,585,252.48 5,154,629.63

Less: Ending Inventory 62,123.87 70,628.69 79,933.28 90,106.38 101,290.46

Cost of Goods Sold Php3,044,069.80 Php3,522,929.69 Php3,987,359.34 Php4,495,146.10 Php5,053,339.16

Schedule 2

Cost of Good Sold


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Volume of Production 69,212 75,494 81,908 88,418 95,052x Rate of ending inventory 0.02 0.02 0.02 0.02 0.02

Ending Inventory in volume 1,384 1,510 1,638 1,768 1,901

x Cost per unit 44.88 46.78 48.79 50.95 53.28

Ending inventory in peso Php62,123.87 Php70,628.69 Php79,933.28 Php90,106.38 Php101,290.46

Php62,123.87 Php132,752.56 Php150,561.97 Php170,039.66 Php191,396.85

31061.93673 66376.28183 75280.9844 85019.83136 95698.42449

Schedule 3

Ending Inventory


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Volume of Production 69,212 75,494 81,908 88,418 95,052

Add:Beginning Inventory 1,384 1,510 1,638 1,768less: Allowance for breakage 346 377 410 442 475

Ending Inventory 1,384 1,510 1,638 1,768 1,901

Sales in Volume 67,482 74,991 81,370 87,846 94,444

Multiply:Selling price 60.00 66.00 72.60 79.86 87.85

Sales in Peso inclusive of VAT Php4,048,902.00 Php4,949,398.74 Php5,907,475.07 Php7,015,358.40 Php8,296,532.89

Sales in Peso net of Vat Php3,615,091.07 Php4,419,106.02 Php5,274,531.31 Php6,263,712.86 Php7,407,618.66

Output Vat 433,810.93 530,292.72 632,943.76 751,645.54 888,914.24

Sales in Peso inclusive of VAT Php4,048,902.00 Php4,949,398.74 Php5,907,475.07 Php7,015,358.40 Php8,296,532.89

44.88

53.86

60.32

Schedule 4

Projected Sales


28/53

Acqu s t on st mate se u e ear ear ear earost ears) (Php) (Php) (Php) (Php)

Leasehold Improvement Php17,932.14 5 3,58 .43 3,58 .43 3,58 .43 3,58 .43Office and Store Equipment

Electric Fan 1,11 .07 3 372.02 372.02 372.02Display rack 3,571.43 3 1,190.48 1,190.48 1,190.48

Office and Store Furniture and FixtureTable 4,017.86 5 803.57 803.57 803.57 803.57Chair 223.21 5 44. 4 44. 4 44. 4 44. 4Filing Cabinet 2,500.00 5 500.00 500.00 500.00 500.00

Production Tools and EquipmentToolsMeasuring Spoon 43.75 2 21.88 21.88Knives 107.14 2 53.57 53.57Measuring cups 98.21 2 49.11 49.11Spatula 89.29 2 44. 4 44. 4Chopping board 49 .43 2 248.21 248.21Strainer 567.86 2 283.93 283.93Pothholder 25.00 2 12.50 12.50Stockpot 3,210.71 2 1,605.36 1,605.36Scale 830.3 5 1 .07 1 .07 1 .07 1 .07Scissors 1 0.71 2 80.3 80.3Jar lifter 178.57 2 89.29 89.29Equipment

Pressure Canner 53,375.89 5 10,675.18 10,675.18 10,675.18 10,675.18Gas Stove 3,211.61 5 642.32 642.32 642.32 642.32Freezer 21,428.57 10 2,142.8 2,142.8 2,142.8 2,142.8Exhaust fan 1,071.43 5 214.29 214.29 214.29 214.29Fire Extinguisher 4,4 4.29 5 892.8 892.8 892.8 892.8Generator set 13,392.86 5 2,678.57 2,678.57 2,678.57 2,678.57Sealer 3,125.00 2 1,562.50 1,562.50Drum 348.21 5 69.64 69.64 69.64 69.64

Production Furniture and FixtureTable 2,857.14 5 571.43 571.43 571.43 571.43Chair 892.8 5 178.57 178.57 178.57 178.57Kitchen Cabinet 2,232.14 5 446.43 446.43 446.43 446.43

Delivery/Service Equipment 58,035.71 10 5,803.57 5,803.57 5,803.57 5,803.57ota p , . , . , . , . , .

art cu ars

Schedule 5Schedule of Depreciation


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223557

Product Cost 22,729.55 22,729.55 18,678.21 18,678.21

Selling Php12,300.71 Php12,300.71 Php12,300.71 Php10,738.21

35,030.27 35,030.27 30,978.93 29,416.43


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ear(Php)3,58 .43

803.5744. 4

500.00

1 .07

10,675.18 642.322,142.8

214.29 , .892.8

2,678.57

69.64

571.43178.57446.43

5,803.57, . , .


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Php159,872.32 39,732.14

18,678.21

Php10,738.21

29,416.43


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Registration - BIR Php500.00 Php500.00 Php500.00 Php500.00 Php500.00Mayor's permit

.5% 0f gross sales

18,075.46 22,095.53 26,372.66 31,318.56 37,038.09

Sanitary clearance 500.00 500.00 500.00 500.00 500.00

Fire clearance 500.00 500.00 500.00 500.00 500.00

Total Php19,575.46 Php23,595.53 Php27,872.66 Php32,818.56 Php38,538.09

Schedule 6

Permit and licenses


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Financial Analysis

1.) Current Ratio = Current Asset

Current Liabilities

Year 1 = 1,100,832.70 = 2.08

529,133.62

Year 2 = 1,764,878.27 = 2.46

718,649.58

Year 3 = 2,715,331.96 = 2.91

934,497.93

Year 4 = 4,036,646.12 = 3.38

1,194,070.58

Year 5 = 5,805,993.61 = 3.86

1,502,440.46

2. Inventory Turnover = Cost of Goods Sold

Average Merchandise Inventory

Year 1 = 3044069.8 = 49 times

62,123.87

Year 2 = 3,522,929.69 = 53 times

66,376.28

Year 3 = 3,987,359.34 = 53 times

75,280.98

Year 4 = 4,495,146.10 = 53 times85,019.83

Year 5 = 5,053,339.16 = 53 times

95,698.42


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2.) Inventory Turnover = ##

= 98 times

3.) Average Age of Invent = 360 days/inventory turnover

= 4

4.) Equity ratio = Total Capital/Total Assets

= #

5.) Rate of return = Net Income/Investment

= ##

5.) Payback period = Investment/Cash Flow

= 6 months

6.) Break even = Fixed costs/Contribution Margin p

## total fixed costs

3 contribution margin per unit

# units


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3. Average Age of Inventory = Number of Working Days

Inventory Turnover

Year 1 = 288 = 6 days

49

Year 2 = 288 = 5 days

53

Year 3 = 288 = 5 days

53

Year 4 = 288 = 5 days

53

Year 5 = 288 = 5 days

53


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identy the fixed and variable cost.

Selling Pri xxx 60

Less : VC xxx 57

CM/unit xxx


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4. Equity Ratio = Total Owner's Equity

Total Asset

Year 1 = 736,273.28 = 58.18%

1,265,406.90

Year 2 = 1,175,772.62 = 62.06%

1,894,422.20

Year 3 = 1,879,399.03 = 66.79%

2,813,896.96

Year 4 = 2,911,724.12 = 70.92%

4,105,794.70

Year 5 = 4,343,285.30 = 74.30%

5,845,725.75


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5. Return on Investment = Net Income

Investment

Year 1 = 222,419.61 = 43%

513,853.67

Year 2 = 439,499.34 = 86%

513,853.67

Year 3 = 703,626.41 = 137%

513,853.67

Year 4 = 1,032,325.09 = 201%

513,853.67

Year 5 = 1,431,561.18 = 279%

513,853.67


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6. Payback Period = Investment

Cash Flow

Year 1 = 513,853.67 = 6 months

1,035,408.83

Year 2 = 513,853.67 = 4 months

1,473,801.03

Year 3 = 513,853.67 = 3 months

2,384,007.89

Year 4 = 513,853.67 = 2 months

3,661,388.29

Year 5 = 513,853.67 = 1 month

5,382,653.91


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7. Break - even point = Fixed Costs

Contribution Margin

= 235,720.11 = 26,887 bottles

8.77


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46/53

year 1 Year 2 Year 3 Year 4 Year 5

Fixed Cost Dep. 35,030.27

Rent 36000.00

Sal.

Taxes

SSS

13th

Phhealth


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49/53

Acquisition of Asset

Building Improvement Php17,932.14

Office and Store Equipment 4,688

Office and Store Furniture and Fixture 6,741

Production Tools and Equipment 106,226Production Furniture and Fixture 5,982

Delivery/Service Equipment 58,036 Php199,604.46

Production Cost:

Inventory related cost

Direct Materials 169,183.10

Direct Labor 11,684.93

Factory Overhead 77,981.44 258,849.47

Cash Credit

Rent Expense 1,800.00

Salaries 19,000.00SSS Contribution 1,392.70

PhilHealth Contribution 287.50

Utilities Expense 3,453.60

Supplies Expense 333.33

Advertising Expense 2,000.00

Permit and Licenses 19,575.46

Fuel 4,400.00

Repairs and Maintenance 2,000.00

Miscellaneous expense 357.14

Communication 800.00 55,399.73Php513,853.67


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288.38

Direct Materials: Unit Measure Price/Unit Per 288 bottles Amount Per bottle

Bangus Kilo 60 72 4320 15.00

Corn Oil Liter 160 19 3040 9.42

Carrots Kilo 70 4.6 322 1.12

Pickels piece 15 38.5 577.5 1.79black pepper 0.5 288 144 0.50

siling labuyo 0.5 288 144 0.50

bay leaf piece 1 288 288 1.00

Direct labor: 2 workers 2 5000 500 1.73380

13th month 41.66667 0.14448

SSS 0.12598

Philhealth 0.02167

Factory Overhead

salt Kilo 10 18 180 0.625

water 12.6 10% 1.26 0.004375

bottle 12.25 288 3528 10.94

Seal 0.32 288 92.16 0.29

gasul 860 2 86 0.27

rent 150 70% 105 0.36

Manager--salary 0.61

0.05

SSS 0.04Philhealt 0.01

DEPRECIATION -

Rent Expense

Salaries

13th Month Pay

SSS Contributio

PhilHealth Contr

Utilities Expense

Supplies Expens

Advertising Exp

Permit and Licen

Depreciation Ex

Fuel

Communication

Repairs and Mai

YEAR 1


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Miscellaneous e


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5,767.67 69,212

Fixed and variable Variable Fixed

Per month Annually

86,515.00 1,038,180.00 variable 1,038,180.00

54,357.97 652,295.63 variable 652,295.63

6,448.57 77,382.86 variable 77,382.86

10,326.23 123,914.71 variable 123,914.712,883.83 34,606.00 variable 34,606.00

2,883.83 34,606.00 variable 34,606.00

5,767.67 69,212.00 variable 69,212.00

10,000.00 120,000.00 variable 120,000.00

833.33 10,000.00 variable 10,000.00

variable -

726.60 8,719.20 variable 8,719.20

125.00 1,500.00 variable 1,500.00

3,604.79 43,257.50 variable 43,257.50

25.23 302.80 variable 302.80

63,083.85 757,006.25 variable 757,006.25

1,647.90 19,774.86 variable 19,774.86

1,537.76 18,453.10 variable 18,453.10

2,100.00 25,200.00 fixed 25,200.00

3,500.00 42,000.00 fixed 42,000.00

291.67 3,500.00 fixed 3,500.00

252.35 3,028.20 fixed 3,028.2043.75 525.00 fixed 525.00

- - fixed -

10,800.00 fixed 10,800.00

114,000.00 fixed 114,000.00

9,500.00 fixed 9,500.00

8,356.20 fixed 8,356.20

ibution 1,725.00 fixed 1,725.00

20,721.60 variable 20,721.60

1,785.71 variable 1,785.71

nse 12,000.00 variable 12,000.00

ses 19,575.46 variable 19,575.46

ense 12,285.71 fixed 12,285.71

23,571.43 variable 23,571.43

4,800.00 fixed 4,800.00

tenance 12,000.00 variable 12,000.00


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pense 2,142.86 variable 2,142.86

3,336,728.09 3,101,007.97 235,720.11

SP 53.57

Less:VC 44.80

CM/unit 8.77

BEP 26,887.37

Sales 1,440,395.08

Variable Cost 1,204,674.97

235,720.11

FC 235,720.11

-

Documents

Chapter 5 B Financial Projection