PALAKIPACS POWDERED JUTE LTD.

PROJECTED STATEMENT OF INCOME

2017
Sales
Cost of Sales
Gross Profit
Less: Operating Expenses
Salaries Expense
SSS Contribution
Phil-Health Contribution
Pag-ibig Contribution
Office Supplies Expense
Delivery Expense
Depreciation Expense- Leasehold Improvement
Depreciation Expense- Furniture and Fixtures
Utilities Expense
Telephone Expense
Rent Expense
Permits and Licenses
Miscellaneous Expense
Total Operating Expense

2018

2019

2020

1,817,857.14 1,800,892.86 2,013,392.86 2,187,500.00

818,797.76
842,198.53
884,726.70
917,745.50
999,059.38
958,694.33 1,128,666.16 1,269,754.50

2021
2,382,142.86
959,973.08
1,422,169.78

701,480.00
48,777.60
7,950.00
6,000.00
4,073.83
6,000.00
30,000.00
5,969.00
42,000.00
1,800.00
22,500.00
54,300.00
2,500.00
933,350.43

701,480.00
48,777.60
7,950.00
6,000.00
13,352.31
7,200.00
30,000.00
5,969.00
42,420.00
1,818.00
22,500.00
5,450.00
2,500.00
895,416.91

701,480.00
48,777.60
7,950.00
6,000.00
13,753.57
8,640.00
30,000.00
5,969.00
42,844.20
1,836.00
22,500.00
5,450.00
2,500.00
897,700.37

701,480.00
48,777.60
7,950.00
6,000.00
14,165.39
10,368.00
30,000.00
5,969.00
43,272.64
1,854.00
22,500.00
30,450.00
2,500.00
925,286.63

701,480.00
48,777.60
7,950.00
6,000.00
14,590.35
12,442.00
30,000.00
5,969.00
43,705.37
1,873.00
22,500.00
5,450.00
2,500.00
903,237.32

Net Income Before Income Tax

Income Tax (30%)

65,708.95
19,712.69

63,277.42
18,983.23

230,965.79
69,289.74

344,467.87
103,340.36

518,932.46
155,679.74

NET INCOME

45,996.27

44,294.19

161,676.05

241,127.51

363,252.72