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Financial Statements of Feasibility Study
Financial Statements of Feasibility Study
Financial Statements of Feasibility Study
ASSETS
Current Assets Year 0 Year 1 Year 2
Cash 248,157.23 317,365.46 319,489.25
Inventory - 4,877.50 10,106.64
Office Supplies 3,500.00 1,000.00 1,080.00
Store Supplies 5,000.00 2,300.00 2,484.00
Prepaid Rent 25,000.00 - -
Total Current Assets 281,657.23 325,542.96 333,159.89
Non-Current Assets
Equipment, net 55,602.77 50,042.49 44,482.21
Furnitures & Fixtures, net 35,000.00 31,500.00 28,000.00
Leasehold Investments 20,000.00 18,000.00 16,000.00
Rental Deposit 50,000.00 25,000.00 25,000.00
Pre-Operating Cost 57,740.00 - -
Total Non-Current Assets 218,342.77 124,542.49 113,482.21
LIABILITIES
Current Liabilities
Income Tax Payable - - -
OWNER'S EQUITY
Bautista, Equity 100,000.00 90,017.09 89,328.42
Madulid, Equity 100,000.00 90,017.09 89,328.42
Marasigan, Equity 100,000.00 90,017.09 89,328.42
Santos, Equity 100,000.00 90,017.09 89,328.42
Tagle, Equity 100,000.00 90,017.09 89,328.42
Total Owner's Equity 500,000.00 450,085.45 446,642.10
Note 3 - Sales
Year 1 Year 2
Organic Soap Bar Php 30,000.00 Php 32,400.00
Organic Shampoo Bar Php 55,500.00 Php 60,000.00
Tooth Whitening Powder Php 60,000.00 Php 64,800.00
Bamboo Toothbrush Php 20,000.00 Php 21,600.00
Bamboo Tumbler Php 35,000.00 Php 37,800.00
Wooden Eating Utensils Php 90,000.00 Php 97,200.00
Wooden Mug Php 57,000.00 Php 61,600.00
Bamboo Straw Php 34,000.00 Php 36,720.00
Metal Straw Set Php 150,000.00 Php 162,000.00
Stainless Steel Eating Utensils Php 87,500.00 Php 94,500.00
Stainless Steel Food Containers Php 70,000.00 Php 75,600.00
Wooden Watch Php 135,000.00 Php 145,800.00
Wooden Sunglasses Php 96,000.00 Php 104,000.00
Sandals Php 270,000.00 Php 291,600.00
Rattan Bag Php 700,000.00 Php 756,000.00
Eco Bag Php 6,825.00 Php 7,375.00
Organic Notebook Php 390.00 Php 420.00
Recycled Paper Php 15,975.00 Php 17,250.00
Seed Pencil Php 3,125.00 Php 3,375.00
TOTAL Php 1,916,315.00 Php 2,070,040.00
Year 1 Year 2
Sales Php 1,916,315.00 Php 2,070,040.00
less: Cost of Goods Sold 1,045,122.25 1,128,999.82
Gross Profit 871,192.75 941,040.18
less: Operating Expenses:
General and Administrative Expense 277,912.50 227,587.50
Selling Expense 664,586.78 718,371.78
Earnings before Income Tax (71,306.53) (4,919.10)
less: Income Tax (21,391.96) (1,475.73)
Net Income (49,914.57) (3,443.37)
GECKO
mprehensive Income
Ended 2018-2023
150,388.98 233,723.58
(37,816.55) (62,586.51)
112,572.43 171,137.07
376,551.02 489,123.44
489,123.45 660,260.51