VARNUTECH CONSTRUCTION INC.

Notes to Financial Statements

As of February 1, 2019

1. GENERAL INFORMATION
VARNUTECH CONSTRUCTION INC. was registered with the Securities and Exchange Commission
on November 29, 2016 under Registration No. CS201627815, to engage in general construction.

The official business address of the company is at Unit 401 Cristina Condominium 143 Legaspi
cor Rufino Sts Legaspi Village Makati City

2. CASH
Cash includes cash on hands and in bank
Cash in Bank 2,691,650
Cash on Hand 20,000
Total 2,711,650

3. INVENTORY
The account consists of:
Materials Inventory 425,888

4. OTHER CURRENT ASSETS

The account consists of:
Office Supplies Unused 1,820
Total 1,820

5. PROPERTY AND EQUIPMENT

The property and equipment was not been disposed and it was returned to
the custody of the incorporator who was the owner and subject for transfer
under the name of corporation upon full payment of the equipments..

6. ADVANCES FROM STOCKHOLDERS

Advances from stockholders that are non interest bearing and primarily intended to finance the
operations and payable when the company is able. 864,674

7. CAPITAL STOCK
The account consists of:
Authorized Capital Stock 100,000 shares at P100 par value per share 10,000,000
Subscribed Capital Stock 2,500,000
Less: Subscriptions Receivables 249,500
Paid-Up Capital Stock 2,250,500
8. RETAINED EARNINGS
The account consists of:
Balance Beginning 24,184
Net Income (Loss) -
Balance, End 24,184
Commission