3F RICE AND EGGS SUPPLY

PROJECTED CASH FLOWS

FOR SEPTEMBER 2019 TO DECEMBER 2021

Pre-
Source of Funds operation 2019 2020 2021

Cash Beginning 100,000 85,000.00 82,988.67 105,284.27

Sales - 77,700.00 247,860.00 319,615.39

Total Cash Inflows 100,000 162,700.00 330,848.67 424,899.66

Uses of Funds
Furniture,Fixtures and
Equipment 7,000 - - -

Building Improvements 8,000 - - -

Electricity - 2,000.00 6,600.00 7,260.00

Permits and Licenses - 5,000.00 5,500.00 6,050.00

Tax - 1,871.33 18,236.40 24,689.25

Merchandise
(Purchases) - 70,840.00 195,228.00 237,585.04

Total Cash Outlflow 15,000 79,711.33 225,564.40 275,584.29

CASH BALANCE 85,000 82,988.67 105,284.27 149,315.37

*Electricity is assumed to be P6,000 for the whole year of 2019

 3F RICE AND EGGS SUPPLY
PROJECTED INCOME STATEMENT
FOR SEPTEMBER 2019 TO DECEMBER 2021

2019 2020 2021

GROSS SALES 77,700.00 247,860.00 319,615.39
Less: Cost of Goods Sold 64,620.00 181,456.00 233,564.68
GROSS PROFIT 13,080.00 66,404.00 86,050.71
Less: OPERATING EXPENSES
Electricity 2,000.00 6,600.00 7,260.00
Permits and Licenses 5,000.00 5,500.00 6,050.00
Depreciation 733.33 2,200.00 2,200.00
Total Operating Expense 7,733.33 14,300.00 15,510.00
NET INCOME BEFORE TAX 5,346.67 52,104.00 70,540.71
Less: Tax (35%) 1,871.33 18,236.40 24,689.25
NET INCOME 3,475.33 33,867.60 45,851.46

3F RICE AND EGGS SUPPLY

PROJECTED INCOME STATEMENT
FOR THE PERIOD ENDED DECEMBER 31,2019

Gross Sales (45x1500; 120x85) 77,700.00

Less: Cost of Goods Sold
Beginning Inventory -
Add: Purchases (50x1100;132x60) 70,840.00
Cost of Goods Available for Sale 70,840.00
Less: Ending Inventory(5x1100;12x60) 6,220.00 64,620.00
Gross Profit 13,080.00
Less: Operating Expenses 7,733.33
Net Profit Before Tax 5,346.67
Less: Tax (35%) 1,871.33
Net Income 3,475.33
 3F RICE AND EGGS SUPPLY
PROJECTED INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31,2020

Gross Sales (162x1530;144x86.70) 247,860.00

Less: Cost of Goods Sold
Beginning Inventory (5x1100;12x60) 6,220.00
Add: Purchases(174x1122;147x61.20) 195,228.00
Cost of Goods Available for Sale 201,448.00
Less: Ending Inventory (17x1122;15x61.20) 19,992.00 181,456.00
Gross Profit 66,404.00
Less: Operating Expenses 14,300.00
Net Profit Before Tax 52,104.00
Less: Tax (35%) 18,236.40
Net Income 33,867.60

3F RICE AND EGGS SUPPLY

PROJECTED INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31,2021

Gross Sales (195x1560.60;173x88.43) 319,615.39

Less: Cost of Goods Sold
Beginning Inventory (17x1122;15x61.20) 19,992.00
Add: Purchases (198x1144.44;176x62.42) 237,585.04
Cost of Goods Available for Sale 257,577.04
Less:Ending Inventory (20x1144.44;18x62.42) 24,012.36 233,564.68
Gross Profit 86,050.71
Less: Operating Expenses 15,510.00
Net Profit Before Tax 70,540.71
Less: Tax(35%) 24,689.25
Net Income 45,851.46
 3F RICE AND EGGS SUPPLY
PROJECTED BALANCE SHEET
FOR THE YEAR 2019 TO 2021

ASSETS

2019 2020 2021

Current Assets
Cash 82,988.67 105,284.27 149,315.37
Merchandise Inventory 6,220.00 19,992.00 24,012.36
Total Current Asset 89,208.67 125,276.27 173,327.73

Noncurrent Assets
Furniture,Fixtures and Equipment 7,000.00 7,000.00 7,000.00
Less: Accumulated Depreciation 466.67 1,866.67 3,266.67
Furniture,Fixtures and
Equipment(net) 6,533.33 5,133.33 3,733.33

Building Improvements 8,000.00 8,000.00 8,000.00

Less: Accumulated Depreciation 266.67 1,066.67 1,866.67
Building Improvements(net) 7,733.33 6,933.33 6,133.33
Total Noncurrent Assets(net) 14,266.66 12,066.66 9,866.66

TOTAL ASSETS 103,475.33 137,342.93 183,194.39

LIABILITIES AND CAPITAL

Capital
Capital 100,000.00 103,475.33 137,342.93
Add: Net Income 3,475.33 33,867.60 45,851.46
Total Capital 103,475.33 137,342.93 183,194.39

TOTAL LIABILITIES AND CAPITAL 103,475.33 137,342.93 183,194.39