St.

Anthony’s College
San Jose, Antique, 5700

Schedule 1 - Fixed Assets

 
Supplies inventory-Slim Faucet Container 6,906.19
Filtration and Purification Equipment 88,000.00
Delivery Vehicle (Tricycle) 48,837.00
Total   143,743.19

Schedule 2-Pre-operating Cost

Feasibility Study Preparation 750.00

BIR - Fees 500.00
DTI - Fees 300.00
Barangay Permit 800.00
Mayor's Permit 824.00
Sanitary Permit 900.00
Water Quality Inspection 1,500.00
Leasehold Improvement 13,187.00
Total 18,761.00

Schedule 3-Working Capital

Raw Materials
Unpure Water (Schedule 7) 903.94
Filtration and Purification Equipment - Supplies (Schedule 8) 5,138.44
Salaries (Schedule 9)
Refiller/Cashier 15,000.00
Delivery Staff 15,000.00
Bookkeeper/Owner 15,000.00
Employee Benefits (Schedule 9)
SSS 3,269.70
Philhealth 787.50
Overhead - Packaging (Schedule 10) 700.38
Rent Expense (Schedule 6) 13,500.00
Utilities
Electricity (Schedule 11) 8,648.40
Waste Disposal (Schedule 12) 300.00
Gas and Oil (Schedule 13) 3,844.67
Advertising (Schedule 14) 600.00
Interest Expense (Schedule 4) 2,591.06
Business Tax Expense 1,934.39
Income tax Expense 273.58

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 St. Anthony’s College
San Jose, Antique, 5700

Total Working Capital 87,492.06

Schedule 4 - Leasehold Improvement Cost

Item Qty. Unit Cost Total Cost
2"x2"x10' good lumber 6 pcs. 108.00 648.00
1/4"x4"x8' Marine Plywood 3 pcs. 335.00 1,005.00
3/4"x4"x8' Marine Plywood 1 pc. 500.00 500.00
0.20m x 0.20m Semi Glazed Laboratory Counter Tiles 25 pcs. 15.00 375.00
Tile Grout 2 bags 225.00 450.00
Stainless Sink with Complete Accessories 1 set 2,000.00 2,000.00
0.90m x 2.10m Sliding Glass Door on Analok Frame 1 set 2,478.00 2,478.00
1.50m x 1.20m Sliding Glass Window on Analok Frame (2 Panels) 1 set 2,000.00 2,000.00
Quick Dry Enamel 2 gals. 649.00 1,298.00
Paint Thinner 2 liters 80.00 160.00
2" Paint Brush 1 pc. 75.00 75.00
4" Paint Roller 1 pc 83.00 83.00
Labor (3 workers x 3 days x 235 per day) 2,115.00
Total Cost of Leasehold Improvement 13,187.00

Schedule 5 - Loan Amortization

Repayment Of
Debt Still Owed Interest Due Payment Due Debt Still Owned
Debt
Month At Beginning Of At The End Of At The End Of At The End Of
With This Period's
The Period The Period The Period The Period
Payment
1 125,000.00 885.42 3,945.94 3,060.53 121,939.47
2 121,939.47 863.74 3,945.94 3,082.20 118,857.27
3 118,857.27 841.91 3,945.94 3,104.04 115,753.23
4 115,753.23 819.92 3,945.94 3,126.02 112,627.21
5 112,627.21 797.78 3,945.94 3,148.17 109,479.04
6 109,479.04 775.48 3,945.94 3,170.47 106,308.58
7 106,308.58 753.02 3,945.94 3,192.92 103,115.66
8 103,115.66 730.40 3,945.94 3,215.54 99,900.12
9 99,900.12 707.63 3,945.94 3,238.32 96,661.80
10 96,661.80 684.69 3,945.94 3,261.25 93,400.55
11 93,400.55 661.59 3,945.94 3,284.35 90,116.19
12 90,116.19 638.32 3,945.94 3,307.62 86,808.57
13 86,808.57 614.89 3,945.94 3,331.05 83,477.52
14 83,477.52 591.30 3,945.94 3,354.64 80,122.88
15 80,122.88 567.54 3,945.94 3,378.41 76,744.47
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 St. Anthony’s College
San Jose, Antique, 5700

16 76,744.47 543.61 3,945.94 3,402.34 73,342.14

17 73,342.14 519.51 3,945.94 3,426.44 69,915.70
18 69,915.70 495.24 3,945.94 3,450.71 66,465.00
19 66,465.00 470.79 3,945.94 3,475.15 62,989.85
20 62,989.85 446.18 3,945.94 3,499.76 59,490.09
21 59,490.09 421.39 3,945.94 3,524.55 55,965.53
22 55,965.53 396.42 3,945.94 3,549.52 52,416.01
23 52,416.01 371.28 3,945.94 3,574.66 48,841.35
24 48,841.35 345.96 3,945.94 3,599.98 45,241.37
25 45,241.37 320.46 3,945.94 3,625.48 41,615.88
26 41,615.88 294.78 3,945.94 3,651.16 37,964.72
27 37,964.72 268.92 3,945.94 3,677.03 34,287.70
28 34,287.70 242.87 3,945.94 3,703.07 30,584.62
29 30,584.62 216.64 3,945.94 3,729.30 26,855.32
30 26,855.32 190.23 3,945.94 3,755.72 23,099.61
31 23,099.61 163.62 3,945.94 3,782.32 19,317.29
32 19,317.29 136.83 3,945.94 3,809.11 15,508.18
33 15,508.18 109.85 3,945.94 3,836.09 11,672.08
34 11,672.08 82.68 3,945.94 3,863.26 7,808.82
35 7,808.82 55.31 3,945.94 3,890.63 3,918.19
36 3,918.19 27.75 3,945.94 3,918.19 0.00

Schedule 6-Rent Expense

Rent per Month 4,500.00

No. of Months 12
Total 54,000.00

Schedule 7-Unpure water

Sale in cu/m 63.12
Rate per cu/m 14.32
Total 903.94

Schedule 8-Equipment Supplies

20” Slim single filter housing ½” #20 blue 1 pc 1,890.00
20” Slim sediment cartridge polyspon 1 pc 1,470.00
20”Slim carbon cartridge CTO matrix solid carbon 10 micron 1 pc 3,570.00
Ionization mix bed 20”L X 2.5” OD 1 pc 1,470.00
Absolute cartridge 20”L X 2.5”OD, .2 micron 1 pc 2,415.00
800 GPD membrane 4”OD X 21”L desal Filmtec 1 pc 1,400.00

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 St. Anthony’s College
San Jose, Antique, 5700

Membrane cleaning chemical 1 set 236.25

Membrane housing 4”X21” complete with end cap & pins 1 set 1,225.00
Liquid gauge 212” 0-300 PSI 1 pc 420.00
Spare lamp for UV 12 GPM 1 pc 813.75
Ballast for 12 GPM 1 pc 831.25
Mixed Bed 1 pc 1,312.50
20”L X 4.5” OD water softener cartridge 1 pc 2,800.00
20”L X4.5” OD iron reducer 1 pc 700.00
Total for 1 year 20,553.75

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 St. Anthony’s College
San Jose, Antique, 5700

Schedule 9 - Salaries and Other Benefits

Year 1 Year 2 Year 3

Total Monthly Monthly
Personnel Monthly Salary SSS Philhealth Benefits Salary SSS Philhealth Total Benefits Salary SSS Philhealth Total Benefits
Refiller/ 5,0 3 8 4 5,874 434. 87. 5 6,90 5 87.
Cashier 00.00 63.30 7.50 50.80 .40 00 50 21.50 1.72 04.70 50 592.20
Delivery 5,0 3 8 4 5,874 434. 87. 5 6,90 5 87.
Staff 00.00 63.30 7.50 50.80 .40 00 50 21.50 1.72 04.70 50 592.20

Total Direct 10,0 7 17 9 11,74 868. 175. 1,04 13,80 1,00 175.
Labor 00.00 26.60 5.00 01.60 8.80 00 00 3.00 3.43 9.40 00 1,184.40

Bookkeeper/ 5,0 3 8 4 5,874 434. 87. 5 6,90 5 87.

Owner 00.00 63.30 7.50 50.80 .40 00 50 21.50 1.72 04.70 50 592.20
15,0 1,0 26 1,3 17,62 1,302. 262. 1,56 20,70 1,51 262.
Total Labor 00.00 89.90 2.50 52.40 3.20 00 50 4.50 5.15 4.10 50 1,776.60

Year 4 Year 5
Monthly Total Monthly Total
Personnel Salary SSS Philhealth Benefits Salary SSS Philhealth Benefits

Refiller/ Cashier 8,108.69 575.30 100.00 675.30 9,526.73 681.30 112.50 793.80

Delivery Staff 8,108.69 575.30 100.00 675.30 9,526.73 681.30 112.50 793.80

1,350.6 19,053.4
Total Direct Labor 16,217.37 1,150.60 200.00 0 7 1,362.60 225.00 1,587.60

Bookkeeper/ Owner 8,108.69 575.30 100.00 675.30 9,526.73 681.30 112.50 793.80

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 St. Anthony’s College
San Jose, Antique, 5700

2,025.9 28,580.2
Total Labor 24,326.06 1,725.90 300.00 0 0 2,043.90 337.50 2,381.40

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 St. Anthony’s College
San Jose, Antique, 5700

Schedule 10 - Packaging
for 3 mos for 1 year
Estimate Sales 3,335 containers 12,674 containers
Price per seal 0.21 0.21
Total 700.38 2,661.44

Schedule 11 – Electricity
Electricity rate Php11.97/kWh
Estimated Electricity consumption
Filtration and Purification Equipment
(Watts) 1000
Number of hours used (Daily) 8
Estimated Daily Electricity consumption 95.76
10.
Fixed Rate 00
2,882.
Electricity per month 80
34,593.
Electricity for 1 year 60

Schedule 12 - Waste disposal

Garbage Collection Services - Sibalom 40.00 /mo

12 mos.

Total 480.00

Garbage Bag (72 pcs x 10.00) 720.00

1,
Total per year 200.00

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 St. Anthony’s College
San Jose, Antique, 5700

Schedule 13 - Gas and Oil

Year 1 2 3 4 5

Economic Fuel Consumption per 100km

(Liters) 2.1 2.1 2.1 2.1 2.1
Unleaded Gasoline price per liter (8/8/13) 51.02 53.52 56.14 58.89 61.78
12,67 12,673 12,673 12,673 12,673
Estimated Yearly Mileage 3.54 .54 .54 .54 .54
13,57 14,244 14,942 15,674 16,442
Estimated Cost of Gasoline per Year 8.69 .04 .00 .16 .19
1,13 1,187 1,24 1,30 1,370
Estimated Cost of Gasoline per Month 1.56 .00 5.17 6.18 .18
15 15 16 17 18
Oil per month 0.00 7.35 5.06 3.15 1.63
1,28 1,344 1,41 1,47 1,551
Gas and Oil per month 1.56 .35 0.23 9.33 .82
15,37 16,132 16,922 17,751 18,621
Gas and Oil every year 8.69 .24 .72 .94 .78

Schedule 14 – Advertising

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 St. Anthony’s College
San Jose, Antique, 5700

Radio Advertising per month 200.00

60
Radio Advertising for 3 mos 0.00
2,40
Radio Advertising for 1 year 0.00

Schedule 15 - Depreciation

Est. Annual
Item Cost Useful life Depreciation
Filtration and Purification
88,000.00 10 8,800.00
Equipment
Delivery Vehicle (Tricycle) 48,837.00 10 4,883.70
Total Annual Depreciation     13,683.70

Schedule 16 - Leasehold Improvement Amortization

Leasehold Improvement Balance
Annual
Est. Useful Amortizatio
Cost Life n Year1 Year2 Year3 Year4 Year5 Year6 Year7 Year8 Year9 Year10

Leasehold 13,180.5 11,862.4 10,544.4 7,908.3 6,590.2 5,272.2 3,954.1 1,318.0

Improvement 2 10 1,318.05 7 2 9,226.36 1 6 1 6 2,636.10 5 0.00

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 St. Anthony’s College
San Jose, Antique, 5700

Schedule 17 - Source of Financing

Bank Loan @ 8.5% interest 125,000.00 50%

Equity Contribution 125,000.00 50%

Total 250,000.00 100%

Schedule 18 -Other Pre-operating costs

Amortization
Feasibility Study Preparation 750.00
BIR - Fees 500.00
DTI - Fees 300.00
Barangay Permit 800.00
Mayor's Permit 824.00
Sanitary Permit and Inspection 900.00
Water Quality Inspection 1500
Total 5,574.00
to be amortized within 5 years 5.00
Annual Amortization 1,114.80

Schedule 19 - Variable Costs

Percentage on Gross Sales
Direct materials 6.53%
Overhead 0.72%
Utilities Expense
Electricity-Variable 0.27%
Gasoline 4.18%
TOTAL 11.71%

Schedule 20 - Fixed Costs

Year 1 2 3 4 5
Utilities Expense
Electricity-Fixed 10 10.49 11.00 11.54 12.11
150 157 165. 173. 181
Oil .00 .35 06 15 .63

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 St. Anthony’s College
San Jose, Antique, 5700

Salaries
60,000. 70,492. 82,820. 97,304. 114,320.
Refiller 00 80 58 24 81
60,000. 70,492. 82,820. 97,304. 114,320.
Deliverer 00 80 58 24 81
60,000. 70,492. 82,820. 97,304. 114,320.
Bookkeeper 00 80 58 24 81
Benefits
5,409. 6,258. 7,106. 8,103. 9,525.
Refiller 60 00 40 60 60
5,409. 6,258. 7,106. 8,103. 9,525.
Deliverer 60 00 40 60 60
5,409. 6,258. 7,106. 8,103. 9,525.
Bookkeeper 60 00 40 60 60
54,000. 56,646. 59,421. 62,333. 65,387.
Rent Expense 00 00 65 32 65
2,400. 2,517. 2,640. 2,770. 2,906.
Advertising 00 60 96 37 12
Amortization
1,318. 1,318. 1,318. 1,318. 1,318.
Leasehold Improvement 70 70 70 70 70
1,114. 1,114. 1,114. 1,114. 1,114.
Other Pre-operating Costs 80 80 80 80 80
255,222. 292,017. 334,453. 383,945. 442,460.
TOTAL 30 34 12 41 24

Schedule 21 - Itemized Income Statement

Year 1
Sale
s 367,532.74
Less: Cost of Sales:
Direct Materials

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 St. Anthony’s College
San Jose, Antique, 5700

Impure Water 3,434.94

Supplies 20,553.75 23,988.69
Direct Labor
Salaries - Refiller 60,000.00
Salaries - deliverer 60,000.00
Benefits - Refiller 5,409.60
Benefits - Deliverer 5,409.60 130,819.20
Overhead
Packaging 2,661.44 157,469.33
Gross Profit 210,063.41
Less: Operating Expenses

Salaries - Bookkeeper 60,000.00

Benefits - Bookkeeper 5,409.60
Rent Expense 54,000.00
Utilities Expense
Electricity 34,593.60
Waste Disposal 1,200.00
Gas and oil 15,378.69 51,172.29
Advertising 2,400.00
Business tax 7,350.65
Leasehold Improvement - Amortization 1,318.70
Other Pre-operating Cost - Amortization 1,114.80
Depreciation Expense 13,683.70 196,449.74
Earnings Before Interest and Taxes 13,613.67
Less: Interest Expense 9,159.88
Earnings Before Taxes 4,453.79
Less: Income Tax 222.69
Net Income 4,231.10

Year 2

Sale 431,806.87

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 St. Anthony’s College
San Jose, Antique, 5700

s
Less: Cost of Sales:
Direct Materials
Impure Water 4,035.64
Supplies 24,148.19 28,183.83
Direct Labor
Salaries - Refiller 70,492.80
Salaries - deliverer 70,492.80
Benefits - Refiller 6,258.00
Benefits - Deliverer 6,258.00 153,501.60
Overhead
Packaging 3,126.88 184,812.31
Gross Profit 246,994.56
Less: Operating Expenses
Salaries - Bookkeeper 70,492.80
Benefits - Bookkeeper 6,258.00
Rent Expense 56,646.00
Utilities Expense
Electricity 36,288.69
Waste Disposal 1,258.80
Gas and oil 16,132.24 53,679.73
Advertising 2,517.60
Business tax 8,636.14
Leasehold Improvement - Amortization 1,318.70
Other Pre-operating Cost - Amortization 1,114.80
Depreciation Expense 13,683.70 214,347.47
Earnings Before Interest and Taxes 32,647.10
Less: Interest Expense 5,784.10
Earnings Before Taxes 26,862.99
Less: Income Tax 2,186.30
Net Income 24,676.69

Year 3

Sale
s 507,321.25

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 St. Anthony’s College
San Jose, Antique, 5700

Less: Cost of Sales:

Direct Materials
Impure Water 4,741.39
Supplies 28,371.23 33,112.62
Direct Labor
Salaries - Refiller 82,820.58
Salaries - deliverer 82,820.58
Benefits - Refiller 7,106.40
Benefits - Deliverer 7,106.40 179,853.96
Overhead
Packaging 3,673.70 216,640.28
Gross Profit 290,680.97
Less: Operating Expenses
Salaries - Bookkeeper 82,820.58
Benefits - Bookkeeper 7,106.40
Rent Expense 59,421.65
Utilities Expense
Electricity 38,066.83
Waste Disposal 1,320.48
Gas and oil 16,922.72 56,310.04
Advertising 2,640.96
Business tax 10,146.43
Leasehold Improvement - Amortization 1,318.70
Other Pre-operating Cost - Amortization 1,114.80
Depreciation Expense 13,683.70 234,563.26
Earnings Before Interest and Taxes 56,117.71
Less: Interest Expense 2,109.94
Earnings Before Taxes 54,007.77
Less: Income Tax 6,101.17
Net Income 47,906.61

Year 4

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 St. Anthony’s College
San Jose, Antique, 5700

Sale
s 596,041.60
Less: Cost of Sales:
Direct Materials
Impure Water 5,570.57
Supplies 33,332.79 38,903.35
Direct Labor
Salaries - Refiller 97,304.24
Salaries - deliverer 97,304.24
Benefits - Refiller 8,103.60
Benefits - Deliverer 8,103.60 210,815.69
Overhead
Packaging 4,316.16 254,035.20
Gross Profit 342,006.39
Less: Operating Expenses
Salaries - Bookkeeper 97,304.24
Benefits - Bookkeeper 8,103.60
Rent Expense 62,333.32
Utilities Expense
Electricity 39,932.11
Waste Disposal 1,385.18
Gas and oil 17,751.94 59,069.23
Advertising 2,770.37
Business tax 11,920.83
Leasehold Improvement - Amortization 1,318.70
Other Pre-operating Cost - Amortization 1,114.80

Depreciation Expense 13,683.70 257,618.79

Earnings Before Interest and Taxes 84,387.60
Less: Interest Expense -
Earnings Before Taxes 84,387.60
Less: Income Tax 11,377.52
Net Income 73,010.08

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 St. Anthony’s College
San Jose, Antique, 5700

Year 5

Sale
s 700,277.35
Less: Cost of Sales:
Direct Materials
Impure Water 6,544.75
Supplies 39,162.02 45,706.77
Direct Labor
Salaries - Refiller 114,320.81
Salaries - deliverer 114,320.81
Benefits - Refiller 9,525.60
Benefits - Deliverer 9,525.60 247,692.82
Overhead
Packaging 5,070.97 298,470.56
Gross Profit 401,806.78
Less: Operating Expenses
Salaries - Bookkeeper 114,320.81
Benefits - Bookkeeper 9,525.60
Rent Expense 65,387.65
Utilities Expense
Electricity 41,888.78
Waste Disposal 1,453.06
Gas and oil 18,621.78 61,963.62
Advertising 2,906.12
Business tax 14,005.55
Leasehold Improvement - Amortization 1,318.70
Other Pre-operating Cost - Amortization 1,114.80
Depreciation Expense 13,683.70 284,226.54
Earnings Before Interest and Taxes 117,580.24
Less: Interest Expense -
Earnings Before Taxes 117,580.24
Less: Income Tax 18,016.05
Net Income 99,564.19

40