Professional Documents
Culture Documents
Statement of Income: Mochi Frozen Desserts For The Year Ended December 31, 2013
Statement of Income: Mochi Frozen Desserts For The Year Ended December 31, 2013
Statement of Income
For the Year Ended December 31, 2013
Jan
897,677
(641,198)
256,479
Feb
897,677
(644,404)
253,273
Mar
897,677
(647,626)
250,051
Apr
897,677
(650,864)
246,813
May
897,677
(654,118)
243,559
Jun
897,677
(657,389)
240,288
Jul
897,677
(660,676)
237,001
Aug
897,677
(663,979)
233,698
Sept
897,677
(667,299)
230,378
Oct
897,677
(670,636)
227,041
Nov
897,677
(673,989)
223,688
Dec
897,677
(677,359)
220,318
56,348
10,870
27,000
1,500
991
7,000
25,273
2,128
3,663
134,773
121,706
36,512
56,348
10,979
27,000
1,500
1,000
7,000
2,128
3,700
109,655
143,618
43,085
56,348
11,089
27,000
1,500
1,010
7,000
2,128
3,737
109,812
140,239
42,072
56,348
11,200
27,000
1,500
1,021
7,000
2,128
3,774
109,971
136,843
41,053
56,348
11,312
27,000
1,500
1,031
7,000
2,128
3,812
110,130
133,428
40,028
56,348
11,425
27,000
1,500
1,041
7,000
2,128
3,850
110,292
129,996
38,999
56,348
11,539
27,000
1,500
1,051
7,000
2,128
3,889
110,455
126,546
37,964
56,348
11,654
27,000
1,500
1,062
7,000
2,128
3,928
110,620
123,078
36,923
56,348
11,771
27,000
1,500
1,073
7,000
2,128
3,967
110,786
119,592
35,877
56,348
11,889
27,000
1,500
1,083
7,000
2,128
4,007
110,955
116,087
34,826
56,348
12,008
27,000
1,500
1,094
7,000
2,128
4,047
111,124
112,564
33,769
56,348
12,128
27,000
1,500
1,105
7,000
2,128
4,087
111,296
109,023
32,707
Net income
85,194
100,532
98,167
95,790
93,400
90,997
88,582
86,154
83,714
81,261
78,795
76,316
200,381
0.1892347
Net Sales
Less COGS
Gross Income
Less Operating Expenses
Salaries expense
Utilities expense
Rent expense
Advertising expense
Maintenance expense
Audit Fees
Tax & Licenses expense
Depreciation expense
Supplies expense
Statement of Income
For the Year Ended December 31, 2014
Net Sales
Less COGS
Gross Income
Less Operating Expenses
Salaries expense
Utilities expense
Rent expense
Advertising expense
Maintenance expense
Audit Fees
Tax & Licenses expense
Depreciation expense
Supplies expense
Net income before tax
Income tax
Net income
Jan
897,677
(680,746)
216,932
Feb
897,677
(684,149)
213,528
Mar
897,677
(687,570)
210,107
Apr
897,677
(691,008)
206,669
May
897,677
(694,463)
203,214
Jun
897,677
(697,935)
199,742
Jul
897,677
(701,425)
196,252
Aug
897,677
(704,932)
192,745
Sept
897,677
(708,457)
189,220
Oct
897,677
(711,999)
185,678
Nov
897,677
(715,559)
182,118
Dec
897,677
(719,137)
178,540
56,348
12,249
27,000
1,000
1,116
7,000
25,273
2,128
4,128
136,242
80,689
24,207
56,483
56,348
12,371
27,000
1,000
1,127
7,000
2,128
4,169
111,144
102,384
30,715
71,669
56,348
12,495
27,000
1,000
1,139
7,000
2,128
4,211
111,320
98,787
29,636
69,151
56,348
12,620
27,000
1,000
1,150
7,000
2,128
4,253
111,499
95,170
28,551
66,619
56,348
12,746
27,000
1,000
1,161
7,000
2,128
4,296
111,679
91,535
27,461
64,075
56,348
12,874
27,000
1,000
1,173
7,000
2,128
4,339
111,861
87,881
26,364
61,517
56,348
13,002
27,000
1,000
1,185
7,000
2,128
4,382
112,045
84,207
25,262
58,945
56,348
13,133
27,000
1,000
1,197
7,000
2,128
4,426
112,231
80,514
24,154
56,360
56,348
13,264
27,000
1,000
1,209
7,000
2,128
4,470
112,418
76,802
23,041
53,762
56,348
13,396
27,000
1,000
1,221
7,000
2,128
4,515
112,608
73,071
21,921
51,149
56,348
13,530
27,000
1,000
1,233
7,000
2,128
4,560
112,799
69,319
20,796
48,523
56,348
13,666
27,000
1,000
1,245
7,000
2,128
4,605
112,992
65,548
19,664
45,884
Statement of Income
For the Year Ended December 31, 2015
Net Sales
Less COGS
Gross Income
Less Operating Expenses
Salaries expense
Utilities expense
Rent expense
Advertising expense
Maintenance expense
Audit Fees
Tax & Licenses expense
Depreciation expense
Supplies expense
Net income before tax
Income tax
Net income
Jan
942,561
(722,733)
219,828
Feb
942,561
(726,346)
216,215
Mar
942,561
(729,978)
212,583
Apr
942,561
(733,628)
208,933
May
942,561
(737,296)
205,265
Jun
942,561
(740,983)
201,579
Jul
942,561
(744,687)
197,874
Aug
942,561
(748,411)
194,150
Sept
942,561
(752,153)
190,408
Oct
942,561
(755,914)
186,647
Nov
942,561
(759,693)
182,868
Dec
942,561
(763,492)
179,069
56,348
13,802
27,000
1,000
1,258
7,000
25,273
2,128
4,651
138,461
81,368
24,410
56,958
56,348
13,940
27,000
1,000
1,270
7,000
2,128
4,698
113,385
102,830
30,849
71,981
56,348
14,080
27,000
1,000
1,283
7,000
2,128
4,745
113,584
98,999
29,700
69,300
56,348
14,221
27,000
1,000
1,296
7,000
2,128
4,792
113,785
95,148
28,545
66,604
56,348
14,363
27,000
1,000
1,309
7,000
2,128
4,840
113,988
91,277
27,383
63,894
56,348
14,506
27,000
1,000
1,322
7,000
2,128
4,889
114,193
87,386
26,216
61,170
56,348
14,652
27,000
1,000
1,335
7,000
2,128
4,938
114,400
83,473
25,042
58,431
56,348
14,798
27,000
1,000
1,348
7,000
2,128
4,987
114,609
79,541
23,862
55,679
56,348
14,946
27,000
1,000
1,362
7,000
2,128
5,037
114,821
75,587
22,676
52,911
56,348
15,095
27,000
1,000
1,376
7,000
2,128
5,087
115,034
71,613
21,484
50,129
56,348
15,246
27,000
1,000
1,389
7,000
2,128
5,138
115,250
67,618
20,285
47,333
56,348
15,399
27,000
1,000
1,403
7,000
2,128
5,189
115,468
63,602
19,081
44,521
TOTAL
10,772,127
(7,909,538)
2,862,589
676,176
137,863
324,000
18,000
12,562
84,000
25,273
25,536
46,460
1,349,870
1,512,719
453,816
1,058,903
TOTAL
10,772,127
(8,397,381)
2,374,746
676,176
155,347
324,000
12,000
14,156
84,000
25,273
25,533
52,353
1,368,837
1,005,908
301,772
704,136
TOTAL
11,310,733
(8,915,313)
2,395,420
676,176
175,049
324,000
12,000
15,951
84,000
25,273
25,536
58,992
1,396,977
998,443
299,533
698,910
Feb
385,000
385,000
85,194
100,532
185,727
570,727
Mar
Apr
May
Jun
385,000
385,000
385,000
385,000
385,000
385,000
385,000
385,000
185,727
283,894
379,684
473,084
98,167
95,790
93,400
90,997
283,894
379,684
473,084
564,081
668,894
764,684
858,084
949,081
420,000
420,000
537,886
71,669
609,555
1,029,555
Mar
Apr
May
Jun
420,000
420,000
420,000
420,000
420,000
420,000
420,000
420,000
609,555
678,705
745,324
809,399
69,151
66,619
64,075
61,517
678,705
745,324
809,399
870,916
1,098,705
1,165,324
1,229,399
1,290,916
385,000
385,000
85,194
85,194
470,194
Feb
385,000
35,000
420,000
481,403
56,483
537,886
957,886
420,000
420,000
608,039
56,958
664,996
1,084,996
Feb
420,000
420,000
664,996
71,981
736,977
1,156,977
Mar
Apr
May
Jun
420,000
420,000
420,000
420,000
420,000
420,000
420,000
420,000
736,977
806,277
872,881
936,775
69,300
66,604
63,894
61,170
(420,000)
806,277
872,881
936,775
577,945
1,226,277
1,292,881
1,356,775
997,945
Jul
385,000
385,000
564,081
88,582
652,663
1,037,663
Jul
420,000
420,000
870,916
58,945
929,861
1,349,861
Jul
420,000
420,000
577,945
58,431
636,376
1,056,376
Aug
385,000
385,000
652,663
86,154
738,818
1,123,818
Aug
420,000
420,000
929,861
56,360
986,221
1,406,221
Aug
420,000
420,000
636,376
55,679
692,055
1,112,055
Sept
Oct
Nov
Dec
385,000
385,000
385,000
385,000
385,000
385,000
385,000
385,000
738,818
822,532
903,792
982,587
83,714
81,261
78,795
76,316
(577,500)
822,532
903,792
982,587
481,403
1,207,532
1,288,792
1,367,587
866,403
Sept
Oct
Nov
Dec
420,000
420,000
420,000
420,000
420,000
420,000
420,000
420,000
986,221
1,039,982
1,091,132
1,139,655
53,762
51,149
48,523
45,884
(577,500)
1,039,982
1,091,132
1,139,655
608,039
1,459,982
1,511,132
1,559,655
1,028,039
Sept
Oct
Nov
Dec
420,000
420,000
420,000
420,000
420,000
420,000
420,000
420,000
692,055
744,966
795,095
842,428
52,911
50,129
47,333
44,521
(420,000)
744,966
795,095
842,428
466,949
1,164,966
1,215,095
1,262,428
886,949
Cash sales
Payment for:
Inventory
Salaries
Utilities
Rent
Advertising
Maintenance
Audit Fees
Licenses
Supplies
Income tax
Net cash flow from operating
Jan
897,677
Feb
897,677
Mar
897,677
Apr
897,677
May
897,677
Jun
897,677
Jul
897,677
Aug
897,677
Sept
897,677
Oct
897,677
(650,000)
(56,348)
(10,870)
(27,000)
(1,500)
(991)
(7,000)
(25,273)
(3,663)
(36,512)
78,520
(653,250)
(56,348)
(10,979)
(27,000)
(1,500)
(1,000)
(7,000)
(3,700)
(43,085)
93,814
(656,516)
(56,348)
(11,089)
(27,000)
(1,500)
(1,010)
(7,000)
(3,737)
(42,072)
91,405
(659,799)
(56,348)
(11,200)
(27,000)
(1,500)
(1,021)
(7,000)
(3,774)
(41,053)
88,983
(663,098)
(56,348)
(11,312)
(27,000)
(1,500)
(1,031)
(7,000)
(3,812)
(40,028)
86,548
(666,413)
(56,348)
(11,425)
(27,000)
(1,500)
(1,041)
(7,000)
(3,850)
(38,999)
84,101
(669,745)
(56,348)
(11,539)
(27,000)
(1,500)
(1,051)
(7,000)
(3,889)
(37,964)
81,641
(673,094)
(56,348)
(11,654)
(27,000)
(1,500)
(1,062)
(7,000)
(3,928)
(36,923)
79,168
(676,460)
(56,348)
(11,771)
(27,000)
(1,500)
(1,073)
(7,000)
(3,967)
(35,877)
76,682
(679,842)
(56,348)
(11,889)
(27,000)
(1,500)
(1,083)
(7,000)
(4,007)
(34,826)
74,183
Equipment
Leasehold improvement
Net cash flow from investing
(148,141)
(28,000)
(176,141)
385,000
385,000
287,380
-
93,814
287,380
91,405
381,194
88,983
472,599
86,548
561,582
84,101
648,131
81,641
732,232
79,168
813,873
76,682
893,040
74,183
969,722
287,380
381,194
472,599
561,582
648,131
732,232
813,873
893,040
969,722
1,043,905
Cash sales
Payment for:
Inventory
Salaries
Jan
897,677
Feb
897,677
Mar
897,677
Apr
897,677
May
897,677
Jun
897,677
Jul
897,677
Aug
897,677
Sept
897,677
Oct
897,677
(690,091)
(56,348)
(693,541)
(56,348)
(697,009)
(56,348)
(700,494)
(56,348)
(703,996)
(56,348)
(707,516)
(56,348)
(711,054)
(56,348)
(714,609)
(56,348)
(718,182)
(56,348)
(721,773)
(56,348)
Utilities
Rent
Advertising
Maintenance
Audit Fees
Licenses
Supplies
Income tax
Net cash flow from operating
(12,249)
(27,000)
(1,000)
(1,116)
(7,000)
(25,273)
(4,128)
(24,207)
49,266
(12,371)
(27,000)
(1,000)
(1,127)
(7,000)
(4,169)
(30,715)
64,405
(12,495)
(27,000)
(1,000)
(1,139)
(7,000)
(4,211)
(29,636)
61,840
(12,620)
(27,000)
(1,000)
(1,150)
(7,000)
(4,253)
(28,551)
59,261
(12,746)
(27,000)
(1,000)
(1,161)
(7,000)
(4,296)
(27,461)
56,669
(12,874)
(27,000)
(1,000)
(1,173)
(7,000)
(4,339)
(26,364)
54,063
(13,002)
(27,000)
(1,000)
(1,185)
(7,000)
(4,382)
(25,262)
51,444
(13,133)
(27,000)
(1,000)
(1,197)
(7,000)
(4,426)
(24,154)
48,811
(13,264)
(27,000)
(1,000)
(1,209)
(7,000)
(4,470)
(23,041)
46,164
(13,396)
(27,000)
(1,000)
(1,221)
(7,000)
(4,515)
(21,921)
43,503
Equipment
Leasehold improvement
Net cash flow from investing
(4,441)
(4,441)
35,000
35,000
79,825
607,221
64,405
687,046
61,840
751,451
59,261
813,291
56,669
872,552
54,063
929,221
51,444
983,285
48,811
1,034,729
46,164
1,083,539
43,503
1,129,703
687,046
751,451
813,291
872,552
929,221
983,285
1,034,729
1,083,539
1,129,703
1,173,207
Cash sales
Payment for:
Inventory
Salaries
Utilities
Rent
Advertising
Maintenance
Audit Fees
Licenses
Supplies
Income tax
Net cash flow from operating
Equipment
Jan
942,561
Feb
942,561
Mar
942,561
Apr
942,561
May
942,561
Jun
942,561
Jul
942,561
Aug
942,561
Sept
942,561
Oct
942,561
(692,558)
(56,348)
(13,802)
(27,000)
(1,000)
(1,258)
(7,000)
(25,273)
(4,651)
(24,410)
89,260
(696,021)
(56,348)
(13,940)
(27,000)
(1,000)
(1,270)
(7,000)
(4,698)
(30,849)
104,434
(699,501)
(56,348)
(14,080)
(27,000)
(1,000)
(1,283)
(7,000)
(4,745)
(29,700)
101,904
(702,999)
(56,348)
(14,221)
(27,000)
(1,000)
(1,296)
(7,000)
(4,792)
(28,545)
99,361
(706,514)
(56,348)
(14,363)
(27,000)
(1,000)
(1,309)
(7,000)
(4,840)
(27,383)
96,804
(710,046)
(56,348)
(14,506)
(27,000)
(1,000)
(1,322)
(7,000)
(4,889)
(26,216)
94,234
(745,549)
(56,348)
(14,652)
(27,000)
(1,000)
(1,335)
(7,000)
(4,938)
(25,042)
59,698
(749,276)
(56,348)
(14,798)
(27,000)
(1,000)
(1,348)
(7,000)
(4,987)
(23,862)
56,941
(753,023)
(56,348)
(14,946)
(27,000)
(1,000)
(1,362)
(7,000)
(5,037)
(22,676)
54,169
(756,788)
(56,348)
(15,095)
(27,000)
(1,000)
(1,376)
(7,000)
(5,087)
(21,484)
51,383
(9,441)
Leasehold improvement
Net cash flow from investing
Issuance of share capital
Payment of Dividends
Net cash flow from financing
Net Cash Flow
Beginning cash balance
(9,441)
79,819
674,675
104,434
754,494
101,904
858,928
99,361
960,832
96,804
1,060,193
(420,000)
(420,000)
(325,766)
1,156,997
59,698
831,231
56,941
890,930
54,169
947,870
51,383
1,002,040
754,494
858,928
960,832
1,060,193
1,156,997
831,231
890,930
947,870
1,002,040
1,053,423
Nov
897,677
Dec
897,677
(683,241)
(56,348)
(12,008)
(27,000)
(1,500)
(1,094)
(7,000)
(4,047)
(33,769)
71,671
(686,657)
(56,348)
(12,128)
(27,000)
(1,500)
(1,105)
(7,000)
(4,087)
(32,707)
69,145
71,671
1,043,905
(577,500)
(577,500)
(508,355)
1,115,575
1,115,575
607,221
Nov
897,677
Dec
897,677
(725,382)
(56,348)
(729,009)
(56,348)
(15)
(13,530)
(27,000)
(1,000)
(1,233)
(7,000)
(4,560)
(20,796)
40,828
(13,666)
(27,000)
(1,000)
(1,245)
(7,000)
(4,605)
(19,664)
38,140
40,828
1,173,207
(577,500)
(577,500)
(539,360)
1,214,035
1,214,035
674,675
Nov
942,561
Dec
942,561
(760,572)
(56,348)
(15,246)
(27,000)
(1,000)
(1,389)
(7,000)
(5,138)
(20,285)
48,582
(764,375)
(56,348)
(15,399)
(27,000)
(1,000)
(1,403)
(7,000)
(5,189)
(19,081)
45,766
(13.75)
48,582
1,053,423
(420,000)
(420,000)
(374,234)
1,102,005
1,102,005
727,771
(11)
Feb
287,380
8,802
176,141
(2,128)
TOTAL ASSETS
LIABILITIES & SHAREHOLDERS EQUITY
Ordinary Share Capital
Retained Earnings
TOTAL
Mar
381,194
17,648
176,141
(4,256)
Apr
472,599
26,538
176,141
(6,384)
May
561,582
35,473
176,141
(8,512)
Jun
648,131
44,452
176,141
(10,640)
Jul
732,232
53,476
176,141
(12,768)
Aug
813,873
62,546
176,141
(14,896)
Sept
893,040
71,661
176,141
(17,024)
Oct
969,722
80,821
176,141
(19,152)
1,043,905
90,027
176,141
(21,280)
470,194
570,727
668,894
764,684
858,084
949,081
1,037,663
1,123,818
1,207,532
1,288,792
385,000
85,194
385,000
185,727
385,000
283,894
385,000
379,684
385,000
473,084
385,000
564,081
385,000
652,663
385,000
738,818
385,000
822,532
385,000
903,792
470,194
570,727
668,894
764,684
858,084
949,081
1,037,663
1,123,818
1,207,532
1,288,792
TOTAL ASSETS
LIABILITIES & SHAREHOLDERS EQUITY
Ordinary Share Capital
Retained Earnings
TOTAL
Feb
687,046
117,922
176,141
(23,223)
Mar
751,451
127,314
176,141
(25,351)
Apr
813,291
136,752
176,141
(27,478)
May
872,552
146,238
176,141
(29,606)
Jun
929,221
155,771
176,141
(31,734)
Jul
983,285
165,352
176,141
(33,861)
Aug
1,034,729
174,981
176,141
(35,989)
Sept
1,083,539
184,658
176,141
(38,117)
1,129,703
194,383
176,141
(40,245)
Oct
1,173,207
204,157
176,141
(42,372)
957,886
1,029,555
1,098,705
1,165,325
1,229,399
1,290,916
1,349,861
1,406,221
1,459,982
1,511,132
420,000
537,886
420,000
609,555
420,000
678,705
420,000
745,324
420,000
809,399
420,000
870,916
420,000
929,861
420,000
986,221
420,000
1,039,982
420,000
1,091,132
957,886
1,029,555
1,098,705
1,165,324
1,229,399
1,290,916
1,349,861
1,406,221
1,459,982
1,511,132
TOTAL ASSETS
LIABILITIES & SHAREHOLDERS EQUITY
Ordinary Share Capital
Retained Earnings
TOTAL
Feb
754,494
193,677
176,141
(39,315)
Mar
858,928
163,352
176,141
(41,443)
Apr
960,832
132,875
176,141
(43,571)
May
1,060,193
102,246
176,141
(45,699)
Jun
1,156,997
71,464
176,141
(47,827)
Jul
831,231
40,528
176,141
(49,955)
Aug
890,930
41,389
176,141
(52,083)
Sept
947,870
42,255
176,141
(54,211)
Oct
1,002,040
43,125
176,141
(56,339)
1,053,423
43,999
176,141
(58,467)
1,084,997
1,156,978
1,226,277
1,292,881
1,356,775
997,945
1,056,377
1,112,055
1,164,966
1,215,095
420,000
664,996
420,000
736,977
420,000
806,277
420,000
872,881
420,000
936,775
420,000
577,945
420,000
636,376
420,000
692,055
420,000
744,966
420,000
795,095
1,084,996
1,156,977
1,226,277
1,292,881
1,356,775
997,945
1,056,376
1,112,055
1,164,966
1,215,095
Nov
Dec
1,115,575
99,279
176,141
(23,408)
607,221
108,577
176,141
(25,536)
1,367,587
866,403
385,000
982,587
385,000
481,403
1,367,587
866,403
Nov
1,214,035
213,980
176,141
(44,500)
Dec
674,675
223,852
176,141
(46,628)
1,559,655
1,028,039
420,000
1,139,655
420,000
608,039
1,559,655
1,028,039
Nov
Dec
1,102,005
44,877
176,141
(60,594)
727,771
45,760
176,141
(62,722)
1,262,428
886,949
420,000
842,428
420,000
466,949
1,262,428
886,949
Statement of Income
For the Year Ended December 31, 2013
Net Sales
Less COGS
Gross Income
Less Operating Expenses
Salaries expense
Utilities expense
Rent expense
Advertising expense
Maintenance expense
Audit Fees
Tax & Licenses expense
Depreciation expense
Supplies expense
Net income before tax
Income tax
Net income
2013
2014
2015
2016
2017
10,772,127
(7,909,538)
2,862,589
10,772,127
(8,397,381)
2,374,746
11,310,733
(8,915,313)
2,395,420
11,423,840
(9,004,466)
2,419,374
11,538,079
(9,094,511)
2,443,568
676,176
137,863
324,000
18,000
12,562
84,000
25,273
25,536
46,460
1,349,870
1,512,719
453,816
1,058,903
676,176
155,347
324,000
12,000
14,156
84,000
25,273
25,533
52,353
1,368,837
1,005,908
301,772
704,136
676,176
175,049
324,000
12,000
15,951
84,000
25,273
25,536
58,992
1,396,977
998,443
299,533
698,910
676,176
176,800
324,000
12,000
16,111
84,000
25,273
25,536
59,582
1,399,477
1,019,897
305,969
713,928
676,176
178,568
324,000
12,000
16,272
84,000
25,273
25,536
60,178
1,402,002
1,041,566
312,470
729,096
ASSETS
Cash
Inventory
Equipment
Accumulated Depreciation
TOTAL ASSETS
LIABILITIES & SHAREHOLDERS EQUITY
Ordinary Share Capital
Retained Earnings
TOTAL
2013
2014
2015
2016
2017
607,221
108,577
176,141
(25,536)
866,403
674,675
223,852
176,141
(46,628)
1,028,039
727,771
45,760
176,141
(62,722)
886,949
842,362
40,632
176,141
(88,258)
970,877
1,078,239
125,447
176,141
(99,853)
1,279,973
385,000
481,403
866,403
420,000
608,039
1,028,039
420,000
466,949
886,949
420,000
550,877
970,877
420,000
859,973
1,279,973
2014
2015
2016
11,423,840
2017
11,538,079
(8,999,339)
(676,176)
(176,800)
(324,000)
(12,000)
(16,111)
(84,000)
(25,273)
(9,179,325)
(676,176)
(178,568)
(324,000)
(12,000)
(16,272)
(84,000)
(25,273)
Supplies
Income tax
Net cash flow from operating
(59,582)
(305,969)
744,591
Equipment
Leasehold improvement
Net cash flow from investing
Issuance of share capital
Payment of Dividends
Net cash flow from financing
Net Cash Flow
Beginning cash balance
(60,178)
(312,470)
669,817
(13,941)
(13,941)
(630,000)
(630,000)
114,591
727,771
842,362
(420,000)
(420,000)
235,876
842,362
1,078,239
(21,092)
(16,095)
Statement of Income
Statement of Incom
For the Comparative Years Ended December 31, 2013 & 2014
Sales
Less COGS
Gross Income
Less Operating Expenses
Salaries expense
Utilities expense
Rent expense
Advertising expense
Maintenance expense
Audit Fees
Tax & Licenses expense
Depreciation expense
Supplies expense
Net income before tax
Income tax
Net income
2013
10,772,127
(7,909,538)
2,862,589
100.00%
73.43%
26.57%
2014
10,772,127
(8,397,381)
2,374,746
100.00%
77.95%
22.05%
676,176
137,863
324,000
18,000
12,562
84,000
25,273
25,536
46,460
1,349,870
1,512,719
453,816
6.28%
3.01%
3.01%
0.17%
0.12%
0.78%
0.23%
0.24%
0.43%
12.53%
14.04%
4.21%
676,176
155,347
324,000
12,000
14,156
84,000
25,273
25,533
52,353
1,368,837
1,005,908
301,772
6.28%
3.01%
3.01%
0.11%
0.13%
0.78%
0.23%
0.24%
0.49%
12.71%
9.34%
2.80%
1,058,903
9.83%
704,136
6.54%
Net income
Sales
Less COGS
Gross Income
Less Operating Expenses
Statement of Financ
ASSETS
Cash
Inventory
Equipment
Accumulated Depreciation
TOTAL ASSETS
LIABILITIES & SHAREHOLDERS EQUITY
Ordinary Share Capital
Retained Earnings
TOTAL
607,221
108,577
176,141
(25,536)
2014
70.09%
12.53%
20.33%
2.95%
866,403
100.00%
385,000
481,403
44.44%
55.56%
866,403
100.00%
674,675
223,852
176,141
(46,628)
1,028,039
420,000
608,039
1,028,039
67.94%
22.54%
17.74%
4.70%
103.52%
42.29%
61.23%
103.52%
ASSETS
Cash
Inventory
Equipment
Accumulated Depreciation
TOTAL ASSETS
TOTAL
Statement of Income
For the Comparative Years Ended December 31, 2013 & 2014
Less COGS
Gross Income
Less Operating Expenses
Salaries expense
Utilities expense
Rent expense
Advertising expense
Maintenance expense
Audit Fees
Tax & Licenses expense
Depreciation expense
Supplies expense
Net income before tax
Income tax
Net income
2013
10,772,127
(7,909,538)
2,862,589
676,176
137,863
324,000
18,000
12,562
84,000
25,273
25,536
46,460
1,349,870
1,512,719
453,816
1,058,903
Increase
2014
(Decrease)
10,772,127
(8,397,381)
(487,843)
2,374,746
(487,843)
676,176
155,347
324,000
12,000
14,156
84,000
25,273
25,533
52,353
1,368,837
1,005,908
301,772
704,136
17,484
(6,000)
1,593
(3)
5,892
18,967
(506,810)
(152,043)
(354,767)
Rate of
Change
0.00%
6.17%
-17.04%
0.00%
12.68%
0.00%
-33.33%
12.68%
0.00%
0.00%
-0.01%
12.68%
1.41%
-33.50%
-33.50%
-33.50%
2014
Increase
(Decrease)
Rate of
Change
607,221
108,577
176,141
(25,536)
866,403
674,675
223,852
176,141
(46,628)
1,028,039
67,454
115,274
(21,092)
161,636
11.11%
106.17%
0.00%
82.60%
18.66%
385,000
481,403
866,403
420,000
608,039
1,028,039
35,000
126,636
161,636
9.09%
26.31%
18.66%
ASSETS
Inventory
Equipment
Accumulated Depreciation
TOTAL ASSETS
LIABILITIES & SHAREHOLDERS EQUITY
Ordinary Share Capital
Retained Earnings
TOTAL
Ratio
Current Ratio
Working capital to
total assets
Inventory
Turnover
Equity Ratio
Fixed assets to
Total equity
Gross profit
margin
Rate of return on
assets
Return on equity
Dividend Payout
Formula
Total current
assets
Total current
liabilities
Working capital
Total assets
Computation
2013
2014
715,798.02
-
Result
2013
898,526.13
2014
1.00
1.00
715,798.02
866,403.01
898,526.13
1,028,038.90
0.83
0.87
7,909,538.16
54,288.69
8,397,381.16
166,214.49
145.69
50.52
Total equity
Total assets
866,403.02
866,403.01
1,028,038.82
1,028,038.90
1.00
1.00
150,604.98
866,403.02
129,512.77
1,028,038.82
0.17
0.13
Gross profit
Net sales
2,862,588.56
10,772,126.72
2,374,745.56
10,772,126.72
Net profit
Total assets
1,058,903.02
866,403.01
704,135.80
1,028,038.90
1.22
0.68
Net income
Ave. Ordinary
shares
outstanding
1,058,903.02
38,500
704,135.80
42,000
27.50
16.77
Net income
Ave. ordinary
equity
1,058,903.02
380,000.00
704,135.80
420,000.00
2.79
1.68
15.00
27.50
14.00
16.77
0.55
0.84
Dividends per
share
Earnings per
share
27%
22%
Assumption:
Assumption:
Statement of Income
Statement of Income
Net Sales
Less COGS
Gross Income
Less Operating Expenses
Salaries expense
Utilities expense
Rent expense
Advertising expense
Maintenance expense
Audit Fees
Tax & Licenses expense
Depreciation expense
Supplies expense
Net income before tax
Income tax
Net income
2013
5,386,063
(3,954,769)
1,431,294
2014
5,386,063
(4,198,691)
1,187,373
676,176
137,863
324,000
18,000
12,562
84,000
25,273
25,536
46,460
1,349,870
81,424
24,427
56,997
676,176
155,347
324,000
12,000
14,156
84,000
25,273
25,533
52,353
1,368,837
(181,464)
(181,464)
Net Sales
Less COGS
Gross Income
Less Operating Expenses
Salaries expense
Utilities expense
Rent expense
Advertising expense
Maintenance expense
Audit Fees
Tax & Licenses expense
Depreciation expense
Supplies expense
Net income before tax
Income tax
Net income
Assumption:
The Sales will increase by 5% upon the establishment of
the business.
The economy of the country will improved
Statement of Income
For the Year Ended December 31, 2013 & 2014
Gross Income
Less Operating Expenses
Salaries expense
Utilities expense
Rent expense
Advertising expense
Maintenance expense
Audit Fees
Tax & Licenses expense
Depreciation expense
Supplies expense
Net income before tax
Net income
2013
11,849,339
(8,700,492)
3,148,847
2014
11,849,339
(9,237,119)
2,612,220
676,176
137,863
324,000
18,000
12,562
84,000
25,273
25,536
46,460
1,349,870
1,798,977
539,693
1,259,284
676,176
137,863
324,000
12,000
12,562
84,000
25,273
25,533
46,460
1,343,867
1,268,353
380,506
887,847
Accumu
Equipment
Microvawe
Blast Feezer
Chiller
Computer
Cash Register
Florescent Bulb
Florescent Lamp
Knives Set
Chopping Board
Rolling Pin
Weighing Scale
Brand/Model Cost
Qty
TONGQI
17,200
1
21,000
1
81,000
1
Intel
15,000
1
Sharp
4,500
1
GO Light
220
8
Philips
275
4
1,031
1
Generic
150
2
San Jose
250
1
5,000
1
Feb
287
292
1,125
313
150
293
183
172
50
42
417
Mar
430
437
1,688
469
225
440
275
258
75
62
625
Apr
573
583
2,250
625
300
587
367
344
100
83
833
467
2,128
2,128
933
4,256
2,128
1,400
6,384
2,128
1,867
8,512
2,128
2013
1,720
1,750
6,750
1,875
900
2,500
Jan
1,863
1,896
7,313
2,031
975
147
92
86
25
21
2,708
Feb
2,007
2,042
7,875
2,187
1,050
293
184
172
50
42
2,916
Mar
2,150
2,187
8,438
2,343
1,125
440
275
258
75
63
3,125
Apr
2,293
2,333
9,000
2,499
1,200
587
367
344
100
83
3,333
Leasehold Improvement
Accumulated Depreciation, Balance
Depreciation Expense
5,600
21,095
6,067
23,223
2,128
6,533
25,351
2,128
7,000
27,478
2,128
7,467
29,606
2,128
46,628
9,441
37,187
Jan
3,583
3,646
14,063
3,903
1,875
147
92
86
25
Feb
3,727
3,792
14,625
4,060
1,950
293
183
172
50
Mar
3,870
3,937
15,188
4,216
2,025
440
275
258
75
Apr
4,013
4,083
15,750
4,372
2,100
587
367
344
100
Leasehold Improvement
TOTAL
28,000
28,000
176,141
Microvawe
Blast Feezer
Chiller
Computer
Cash Register
Florescent Bulb
Florescent Lamp
Knives Set
Chopping Board
Rolling Pin
Weighing Scale
Microvawe
Blast Feezer
Chiller
Computer
Cash Register
Florescent Bulb
Florescent Lamp
Knives Set
Chopping Board
5,600.00
25,535.50
Jan
143
146
563
156
75
147
92
86
25
21
208
25,536
4,441
21,095
2014
3,440
3,500
13,500
3,747
1,800
-
Rolling Pin
Weighing Scale
Leasehold Improvement
Accumulated Depreciation, Balance
Depreciation Expense
11,200
37,187
21
208
42
417
62
625
83
833
11,667
39,315
2,128
12,133
41,443
2,128
12,600
43,571
2,128
13,067
45,699
2,128
Accumulated Depreciation
May
717
729
2,813
781
375
733
458
429
125
104
1,042
Jun
860
875
3,375
938
450
880
550
515
150
125
1,250
Jul
1,003
1,021
3,938
1,094
525
1,027
642
601
175
146
1,458
Aug
1,147
1,167
4,500
1,250
600
1,173
733
687
200
167
1,667
Sept
1,290
1,312
5,063
1,406
675
1,320
825
773
225
187
1,875
Oct
1,433
1,458
5,625
1,563
750
1,467
917
859
250
208
2,083
Nov
1,577
1,604
6,188
1,719
825
1,613
1,008
945
275
229
2,292
Dec
1,720
1,750
6,750
1,875
900
1,760
1,100
1,031
300
250
2,500
2,333
10,640
2,128
2,800
12,768
2,128
3,267
14,896
2,128
3,733
17,024
2,128
4,200
19,152
2,128
4,667
21,280
2,128
5,133
23,408
2,128
5,600
25,536
2,128
May
2,437
2,479
9,563
2,655
1,275
733
459
430
125
104
3,541
Jun
2,580
2,625
10,125
2,811
1,350
880
550
515
150
125
3,750
Jul
2,723
2,771
10,688
2,967
1,425
1,027
642
601
175
146
3,958
Aug
2,867
2,917
11,250
3,123
1,500
1,173
734
687
200
167
4,166
Sept
3,010
3,062
11,813
3,279
1,575
1,320
825
773
225
188
4,375
Oct
3,153
3,208
12,375
3,435
1,650
1,467
917
859
250
208
4,583
Nov
3,297
3,354
12,938
3,591
1,725
1,613
1,009
945
275
229
4,791
Dec
3,440
3,500
13,500
3,747
1,800
1,760
1,100
1,031
300
250
5,000
7,933
31,734
2,128
8,400
33,861
2,128
8,867
35,989
2,128
9,333
38,117
2,128
9,800
40,245
2,128
10,267
42,372
2,128
10,733
44,500
2,128
11,200
46,628
2,128
May
4,157
4,229
16,313
4,528
2,175
733
458
429
125
Jun
4,300
4,375
16,875
4,685
2,250
880
550
515
150
Jul
4,443
4,521
17,438
4,841
2,325
1,027
642
601
175
Aug
4,587
4,667
18,000
4,997
2,400
1,173
733
687
200
Sept
4,730
4,812
18,563
5,153
2,475
1,320
825
773
225
Oct
4,873
4,958
19,125
5,310
2,550
1,467
917
859
250
Nov
5,017
5,104
19,688
5,466
2,625
1,613
1,008
945
275
Dec
5,160
5,250
20,250
5,622
2,700
1,760
1,100
1,031
300
104
1,042
125
1,250
146
1,458
167
1,667
187
1,875
208
2,083
229
2,292
250
2,500
13,533
47,827
2,128
14,000
49,955
2,128
14,467
52,083
2,128
14,933
54,211
2,128
15,400
56,339
2,128
15,867
58,467
2,128
16,333
60,594
2,128
16,800
62,722
2,128
Account
Salaries Expense
Utilities Expense
Rent Expense
Depreciation Expense
Advertising Expense
Amortization Expense
TOTAL
Amount
36,348.00
10,870.31
27,000.00
1,500.00
466.67
76,184.98
Monthly Projection
Product
ICE CREAMS
Black Tea
Brazo de Mercedes
Lemon Meringue
Black Sesame
Crme Brulee
Green Tea
Strawberry
GELATO
Pistachio
Spicy Chocolate
Coconut
Chocolate Truffle
Mint Chip
Cotton Candy
Strawberry
FROZEN YOGHURT
Taro
Blueberry
Strawberry
Mixed berries
Total Sales Price
Ave. Sales Price
*Price
Cost
CM
**Rate
Rankings
***Rate
39.90
41.30
42.00
37.10
40.60
35.70
37.80
274.40
28.50
29.50
30.00
26.50
29.00
25.50
27.00
11.40
11.80
12.00
10.60
11.60
10.20
10.80
15.08%
15.61%
15.87%
14.02%
15.34%
13.49%
14.29%
4
6
7
2
5
1
3
15.08%
14.02%
13.49%
15.61%
14.29%
15.87%
15.34%
58.80
46.20
49.00
60.90
52.50
43.40
44.80
355.60
42.00
33.00
35.00
43.50
37.50
31.00
32.00
16.80
13.20
14.00
17.40
15.00
12.40
12.80
17.15%
13.47%
14.29%
17.76%
15.31%
12.66%
13.07%
6
3
4
7
5
1
2
13.07%
15.31%
14.29%
12.66%
13.47%
17.76%
17.15%
57.40
58.80
58.10
60.20
234.50
864.50
48.03
41.00
42.00
41.50
43.00
16.40
16.80
16.60
17.20
25.38%
26.00%
25.69%
26.62%
1
3
2
4
26.62%
25.69%
26.00%
25.38%
650,000.00
Units Sold
CM-peso
Sales
Cost
1,416
1,316
1,267
1,465
1,341
1,490
1,440
9,387
16,136.70
15,530.77
15,198.00
15,530.77
15,555.60
15,198.00
15,555.60
56,478.45
54,357.68
53,193.00
54,357.68
54,444.60
53,193.00
54,444.60
40,341.75
38,826.92
37,995.00
38,826.92
38,889.00
37,995.00
38,889.00
457
535
500
443
471
621
600
3,497
7,675.65
7,067.43
6,996.04
7,701.35
7,067.43
7,701.35
7,675.65
26,864.79
24,736.00
24,486.14
26,954.74
24,736.00
26,954.74
26,864.79
19,189.14
17,668.57
17,490.10
19,253.39
17,668.57
19,253.39
19,189.14
1,470
1,419
1,436
1,402
5,522
18,405
24,108.96
23,835.47
23,835.47
24,108.96
84,381.38
83,424.13
83,424.13
84,381.38
60,272.41
59,588.66
59,588.66
60,272.41
256,479.21
897,677.23
641,198.02
Schedule of Inventory
For the Year Ended December 31, 2013
Jan
Beginning
Purchases
COGS
Ending
650,000
(641,198)
8,802
Feb
8,802
653,250
(644,404)
17,648
Mar
17,648
656,516
(647,626)
26,538
Apr
26,538
659,799
(650,864)
35,473
May
35,473
663,098
(654,118)
44,452
Jun
44,452
666,413
(657,389)
53,476
Jul
53,476
669,745
(660,676)
62,546
Aug
62,546
673,094
(663,979)
71,661
Sept
71,661
676,460
(667,299)
80,821
Mar
127,314
697,009
(687,570)
136,752
Apr
136,752
700,494
(691,008)
146,238
May
146,238
703,996
(694,463)
155,771
Jun
155,771
707,516
(697,935)
165,352
Jul
165,352
711,054
(701,425)
174,981
Aug
174,981
714,609
(704,932)
184,658
Sept
184,658
718,182
(708,457)
194,383
Mar
163,352
699,501
(729,978)
132,875
Apr
132,875
702,999
(733,628)
102,246
May
102,246
706,514
(737,296)
71,464
Jun
71,464
710,046
(740,983)
40,528
Jul
40,528
745,549
(744,687)
41,389
Aug
41,389
749,276
(748,411)
42,255
Sept
42,255
753,023
(752,153)
43,125
Schedule of Inventory
For the Year Ended December 31, 2014
Beginning
Purchases
COGS
Ending
Jan
108,577
690,091
(680,746)
117,922
Feb
117,922
693,541
(684,149)
127,314
Schedule of Inventory
For the Year Ended December 31, 2015
Beginning
Purchases
COGS
Ending
Jan
223,852
692,558
(722,733)
193,677
Feb
193,677
696,021
(726,346)
163,352
Beginning
Purchases
COGS
Ending
2016
45,760
8,999,339
(9,004,466)
40,632
2017
40,632
9,179,325
(9,094,511)
125,447
Oct
80,821
679,842
(670,636)
90,027
Nov
90,027
683,241
(673,989)
99,279
Dec
99,279
686,657
(677,359)
108,577
Oct
194,383
721,773
(711,999)
204,157
Nov
204,157
725,382
(715,559)
213,980
Dec
213,980
729,009
(719,137)
223,852
Oct
43,125
756,788
(755,914)
43,999
Nov
43,999
760,572
(759,693)
44,877
Dec
44,877
764,375
(763,492)
45,760
8,737,222