ALCONS DESIGN & PRINT

Brgy. Pooc Occidental, Tubigon, Bohol 6329

STATEMENT OF FINANCIAL PERFORMANCE
For the period January to December 31, 2017

JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER TOTAL MO. AVER. % SHARE
SALES 214,100.00 175,805.00 223,615.50 194,128.88 245,209.20 207,239.35 246,486.10 256,448.00 241,807.00 240,952.00 207,741.60 209,158.00 2,662,690.63 221,890.89
COST OF SERVICES 59,984.33 34,238.33 48,429.60 5,779.00 61,945.75 47,195.25 67,509.50 84,444.40 27,096.25 42,565.00 29,273.30 31,022.30 539,483.01 44,956.92
GROSS PROFIT 154,115.67 141,566.67 175,185.90 188,349.88 183,263.45 160,044.10 178,976.60 172,003.60 214,710.75 198,387.00 178,468.30 178,135.70 2,123,207.62 176,933.97
% of Sales 72% 81% 78% 97% 75% 77% 73% 67% 89% 82% 86% 85% 80% 80%

DEPRECIATION EXPENSE for EQUIPMENTS

Machine 23,333.33 23,333.33 46,666.66 3,888.89 38%
Motorcycle 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 28,171.56 2,347.63 23%
Computers 3,750.00 3,750.00 7,500.00 625.00 6%
Aircon 2,183.00 2,183.00 2,183.00 2,183.00 2,183.00 2,183.00 2,183.00 2,183.00 2,183.00 2,183.00 2,183.00 2,183.00 26,196.00 2,183.00 22%
Laptop & Cellphone 535.67 535.67 535.67 535.67 535.67 535.67 535.67 535.67 535.67 535.67 535.67 535.67 6,428.04 535.67 5%
Ink jet Printer 391.25 391.25 391.25 391.25 391.25 391.25 391.25 391.25 391.25 391.25 391.25 391.25 4,695.00 391.25 4%
Machine AVR 93.83 93.83 93.83 93.83 93.83 93.83 93.83 93.83 93.83 93.83 93.83 93.83 1,125.96 93.83 1%
Furniture 48.21 48.21 48.21 48.21 48.21 48.21 48.21 48.21 48.21 48.21 48.21 48.21 578.52 48.21 0%
Subtotal 28,932.92 28,932.92 5,599.59 5,599.59 5,599.59 5,599.59 5,599.59 5,599.59 5,599.59 5,599.59 9,349.59 9,349.59 121,361.74 10,113.48 100%

DEPRECIATION EXPENSE for LEASEHOLD IMPROVEMENTS

CONSTRUCTION COST 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 23,333.28 1,944.44 100%
Subtotal 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 1,944.44 23,333.28 1,944.44

OPERATING EXPENSES
Salaries 19,649.00 5,302.00 6,923.00 6,115.00 7,850.00 7,330.50 46,974.00 11,525.00 34,427.25 9,599.00 33,629.00 25,828.00 215,151.75 17,929.31 27%
Meals 6,354.50 10,559.00 16,867.00 5,415.50 8,720.00 9,630.10 15,347.23 15,592.04 13,185.00 17,312.25 12,175.00 131,157.62 10,929.80 16%
Office Supplies 7,740.00 5,162.50 9,268.50 4,600.55 6,305.00 4,162.50 1,716.65 1,059.00 14,530.50 27,401.00 7,082.50 9,041.50 98,070.20 8,172.52 12%
Interest Expense 2,850.00 2,850.00 2,850.00 2,850.00 2,850.00 2,850.00 6,600.00 6,600.00 6,600.00 6,600.00 6,600.00 6,600.00 56,700.00 4,725.00 7%
Space Rentals 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 36,000.00 3,000.00 4%
Airfare - - 0%
Transportation 2,540.00 267.00 2,549.00 1,392.00 2,460.00 1,270.00 565.00 1,160.00 640.00 2,350.00 1,016.00 1,050.00 17,259.00 1,438.25 2%
Taxes & Licenses 15,460.00 1,550.00 650.00 789.60 1,886.00 2,305.00 1,640.00 2,120.00 1,790.00 1,660.00 5,400.00 10,650.00 45,900.60 3,825.05 6%
Sponsorship 1,000.00 9,500.00 10,500.00 875.00 1%
Telephone & Internet Bill 2,679.00 3,475.00 3,475.00 2,605.00 2,830.00 2,730.00 2,850.00 2,534.00 2,618.00 2,462.00 2,457.00 2,535.00 33,250.00 2,770.83 4%
Electricity 5,408.00 1,987.00 2,135.00 4,150.00 3,605.00 3,348.00 3,839.80 4,402.00 4,205.00 4,780.00 4,800.00 42,659.80 3,554.98 5%
Contracted Services 2,920.00 7,020.00 8,280.00 4,350.00 5,600.00 4,660.00 2,550.00 4,000.00 2,350.00 41,730.00 3,477.50 5%
Freight & Handling 104.00 209.00 2,033.00 99.00 360.00 560.00 3,323.00 26.20 1,013.60 291.00 200.69 1,503.00 9,722.49 810.21 1%
Repairs & Maintenance 937.50 2,529.00 1,200.00 60.00 2,540.00 1,960.00 3,275.00 14,661.00 991.00 28,153.50 2,346.13 3%
Gasoline 1,750.00 1,800.00 2,257.00 1,500.00 2,300.00 1,605.00 4,034.00 2,386.00 2,849.00 4,327.00 2,226.00 2,814.00 29,848.00 2,487.33 4%
Load 945.00 420.00 100.00 250.00 350.00 1,330.00 840.00 1,480.00 5,715.00 476.25 1%
Hotel Accomodation - - 0%
Miscellaneous 2,200.00 660.00 560.00 3,420.00 285.00 0%
Water Bill 165.00 150.00 148.00 175.00 165.00 185.00 178.00 165.00 240.00 165.00 185.00 270.00 2,191.00 182.58 0%
Notary 914.00 250.00 1,164.00 97.00 0%
Subtotal 72,502.00 46,207.50 61,487.50 37,386.65 51,516.00 46,863.10 90,135.88 50,007.04 72,110.35 82,400.00 112,889.44 85,087.50 808,592.96 67,382.75 100%

TOTAL EXPENSES 103,379.36 77,084.86 69,031.53 44,930.68 59,060.03 54,407.13 97,679.91 57,551.07 79,654.38 89,944.03 124,183.47 96,381.53 953,287.98 79,440.67

NET INCOME (LOSS) 50,736.31 64,481.81 106,154.37 143,419.20 124,203.42 105,636.97 81,296.69 114,452.53 135,056.37 108,442.97 54,284.83 81,754.17 1,169,919.64 97,493.30
% of Sales 0% 37% 47% 74% 51% 51% 33% 45% 56% 45% 26% 39% 44% 44%
ALCONS DESIGN & PRINT
Brgy. Pooc Occidental, Tubigon, Bohol 6329
CASH FLOW STATEMENT
For the period January to December 31, 2017

CASH FLOW STATEMENT JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER
Beginning Balance 1,963,067.60 2,018,231.69 2,062,141.27 2,149,723.41 2,258,720.38 2,285,851.57 2,364,916.32 2,448,840.78 2,555,841.08 2,696,575.23 2,818,195.97 2,875,038.57
CASH INFLOW
CAPITAL 7,000.00 7,000.00 7,000.00 7,000.00 7,000.00 7,000.00 50,000.00 50,000.00 50,000.00 50,000.00 50,000.00 50,000.00
SHARE OF HD MUGA 35,000.00 10,000.00 12,000.00 9,000.00 10,000.00 4,000.00 13,000.00 10,000.00 15,000.00 17,000.00 12,000.00 28,000.00
SALES 214,100.00 175,805.00 223,615.50 194,128.88 245,209.20 207,239.35 246,486.10 256,448.00 241,807.00 240,952.00 207,741.60 209,158.00
less: Accounts Receivable 12,850.00 76,500.00 6,550.00 13,630.00 5,500.00 5,620.00 6,320.00
TOTAL CASH INFLOW 2,219,167.60 2,211,036.69 2,304,756.77 2,347,002.29 2,444,429.58 2,504,090.92 2,667,852.42 2,751,658.78 2,857,148.08 3,004,527.23 3,082,317.57 3,155,876.57

CASH OUTFLOW
Cost of Services 59,984.33 34,238.33 48,429.60 5,779.00 61,945.75 47,195.25 67,509.50 84,444.40 27,096.25 42,565.00 29,273.30 31,022.30
Construction Cost
Mo. Installment from Short-term Loans P 39,516.67 39,516.67 39,516.67 39,516.67 39,516.67 39,516.67 55,766.67 55,766.67 55,766.67 55,766.67 55,766.67 55,766.67
Properties & Equipments
Machine 23,333.33 23,333.33
Motorcycle 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63 2,347.63
Computers 3,750.00 3,750.00
Aircon 2,183.00 2,183.00 2,183.00 2,183.00 2,183.00 2,183.00 2,183.00 2,183.00 2,183.00 2,183.00 2,183.00 2,183.00
Laptop & Cellphone 535.67 535.67 535.67 535.67 535.67 535.67 535.67 535.67 535.67 535.67 535.67 535.67
Ink jet Printer 391.25 391.25 391.25 391.25 391.25 391.25 391.25 391.25 391.25 391.25 391.25 391.25
Machine AVR 93.83 93.83 93.83 93.83 93.83 93.83 93.83 93.83 93.83 93.83 93.83 93.83
Furniture 48.21 48.21 48.21 48.21 48.21 48.21 48.21 48.21 48.21 48.21 48.21 48.21
Operating Expenses
Salaries 19,649.00 5,302.00 6,923.00 6,115.00 7,850.00 7,330.50 46,974.00 11,525.00 34,427.25 9,599.00 33,629.00 25,828.00
Meals 6,354.50 10,559.00 16,867.00 5,415.50 8,720.00 9,630.10 15,347.23 15,592.04 - 13,185.00 17,312.25 12,175.00
Office Supplies 7,740.00 5,162.50 9,268.50 4,600.55 6,305.00 4,162.50 1,716.65 1,059.00 14,530.50 27,401.00 7,082.50 9,041.50
Interest Expense 2,850.00 2,850.00 2,850.00 2,850.00 2,850.00 2,850.00 6,600.00 6,600.00 6,600.00 6,600.00 6,600.00 6,600.00
Space Rentals 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00
Airfare - - - - - - - - - - - -
Transportation 2,540.00 267.00 2,549.00 1,392.00 2,460.00 1,270.00 565.00 1,160.00 640.00 2,350.00 1,016.00 1,050.00
Taxes & Licenses 15,460.00 1,550.00 650.00 789.60 1,886.00 2,305.00 1,640.00 2,120.00 1,790.00 1,660.00 5,400.00 10,650.00
Sponsorship - 1,000.00 - - - - - - - - 9,500.00 -
Telephone & Internet Bill 2,679.00 3,475.00 3,475.00 2,605.00 2,830.00 2,730.00 2,850.00 2,534.00 2,618.00 2,462.00 2,457.00 2,535.00
Electricity 5,408.00 - 1,987.00 2,135.00 4,150.00 3,605.00 3,348.00 3,839.80 4,402.00 4,205.00 4,780.00 4,800.00
Contracted Services 2,920.00 7,020.00 8,280.00 4,350.00 5,600.00 4,660.00 - - - 2,550.00 4,000.00 2,350.00
Freight & Handling 104.00 209.00 2,033.00 99.00 360.00 560.00 3,323.00 26.20 1,013.60 291.00 200.69 1,503.00
Repairs & Maintenance 937.50 2,529.00 1,200.00 60.00 2,540.00 1,960.00 - - - 3,275.00 14,661.00 991.00
Gasoline 1,750.00 1,800.00 2,257.00 1,500.00 2,300.00 1,605.00 4,034.00 2,386.00 2,849.00 4,327.00 2,226.00 2,814.00
Load 945.00 420.00 - 100.00 250.00 350.00 - - - 1,330.00 840.00 1,480.00
Hotel Accomodation - - - - - - - - - - - -
Miscellaneous - - - 2,200.00 - 660.00 560.00 - - - - -
Water Bill 165.00 150.00 148.00 175.00 165.00 185.00 178.00 165.00 240.00 165.00 185.00 270.00
Notary - 914.00 - - 250.00 - - - - - - -
TOTAL CASH OUTFLOW 200,935.92 148,895.42 155,033.36 88,281.91 158,578.01 139,174.61 219,011.64 195,817.70 160,572.86 186,331.26 207,279.00 181,226.06
CASH BALANCE, END. 2,018,231.69 2,062,141.27 2,149,723.41 2,258,720.38 2,285,851.57 2,364,916.32 2,448,840.78 2,555,841.08 2,696,575.23 2,818,195.97 2,875,038.57 2,974,650.52
ALCONS DESIGN & PRINT
Brgy. Pooc Occidental, Tubigon, Bohol 6329
STATEMENT OF FINANCIAL POSITION
For the period as of December 31, 2017

ASSETS LIABILITIES

Current Assets Notes Amount Notes Amount

Cash on hand & in bank 2,974,650.52 Accounts Payable 3 97,500.00
Accounts Receivable 1 6,320.00 Loans Payable 4 50,000.00
Inventories 259,595.92
Subtotal 3,240,566.44 TOTAL LIABILITIES 147,500.00

Non-current Assets
Machine, net 2 - OWNER'S EQUITY
Motorcycle, net 2 91,557.77 Owner's Equity 2,377,117.60
Computers, net 2 82,500.00 Withdrawals (200,000.00)
Construction Cost, net 2 33,055.64 Net Income (Loss) 1,169,919.64
Aircon, net 2 18,706.00
Laptop & Cellphone, net 2 21,962.27 TOTAL EQUITY 3,347,037.24
Ink jet Printer, net 2 1,956.25
Machine AVR, net 2 3,847.23
Furniture, net 2 385.64
Subtotal 253,970.80
TOTAL ASSETS 3,494,537.24 TOTAL LIABILITES & EQUITY 3,494,537.24
ALCONS DESIGN & PRINT
Brgy. Pooc Occidental, Tubigon, Bohol 6329
NOTES TO FINANCIAL STATEMENT
For the period as of December 31, 2017

NOTES NOTES
1 ACCOUNTS RECEIVABLE 3 ACCOUNTS PAYABLE

LGU TUBIGON 6,320.00 Mr. Bobby Lopez 32,500.00

Okibank 31,000.00
Total Accounts Receivable 6,320.00 RFC 34,000.00
97,500.00

2 PROPERTY, PLANT & EQUIPMENTS 4 LOAN PAYABLE

Machine 400,000.00
less: Accum. Depreciation 400,000.00 - Mr. Johan Van Den Bogaard 50,000.00
Motorcycle 140,858.00
less: Accum. Depreciation 49,300.23 91,557.77
Construction Cost 70,000.00
less: Accum. Depreciation 36,944.36 33,055.64
Computers 90,000.00
less: Accum. Depreciation 7,500.00 82,500.00
Aircon 58,000.00
less: Accum. Depreciation 39,294.00 18,706.00
Laptop & Cellphone 32,140.00
less: Accum. Depreciation 10,177.73 21,962.27
Ink jet Printer 9,390.00
less: Accum. Depreciation 7,433.75 1,956.25
Machine AVR 5,630.00
less: Accum. Depreciation 1,782.77 3,847.23
Furniture 1,157.00
less: Accum. Depreciation 771.36 385.64
Total Prop., Plant & Equipment 253,970.80
ALCONS DESIGN & PRINT
Brgy. Pooc Occidental, Tubigon, Bohol 6329
NOTES TO FINANCIAL STATEMENT
For the period as of December 31, 2017

REMARKS
1) COST OF SERVICES are purchases of Direct Cost of Materials such as Rolls of Tarpaulin, Inks, Printing fee for Silkscreen & others
2) For Depreciation: (Straight Line Depreciation)
EQUIPMENT VALUE Useful Life
Machine 400,000.00 Depreciated according to amount of monthly installment
Motorcycle 140,858.00 Depreciated according to amount of monthly installment
Aircon 58,000.00 Depreciated according to amount of monthly installment
Computers 90,000.00 2 yrs
Laptop & Cellphone 32,140.00 5 yrs
Ink jet Printer 9,390.00 2 yrs
Machine AVR 5,630.00 5 yrs
Furniture 1,157.00 2 yrs

LEASEHOLD IMP. VALUE Useful Life

Construction Cost 70,000.00 3 yrs

3) SALARIES comprised 47% from the TOTAL Operating Cost.

Increase in salaries was during the months of March-May, Election period where in we added part-time employees due to the continuous operation.

4) MEALS AND OFFICE SUPPLIES gained a significant share in the expenses.

5) Percentage share of HD Muga Accounting & Tax Services in the expenses:

Account Name Percentage Share
OFFICE SUPPLIES 30%
TRANSPORTATION 50% (April-June); 30% (July-Aug)
SPANCE RENTAL 50%
TELEPHONE & INTERNET 40%
ELECTRICITY 30%
Meal & Interest Expense 25%
ALCONS DESIGN & PRINT
Brgy. Pooc Occidental, Tubigon, Bohol 6329
NOTES TO FINANCIAL STATEMENT
For the period as of December 31, 2017

6) Interest expenses came from the interests of borrowed money from the following persons:
Total
Name of Lender Principal Loan Interest Amount
Payable
Enanoria 20,000.00 3,000.00 23,000.00
Jumao-as 60,000.00 18,000.00 78,000.00
LAMAC Multi-purpose Cooperativ 60,000.00 13,200.00 73,200.00
Mr. Bobby Lopez 50,000.00 15,000.00 65,000.00 started July 2017
Okibank 50,000.00 12,000.00 62,000.00 started July 2017
RFC 50,000.00 18,000.00 68,000.00 started July 2017
TOTAL 290,000.00 79,200.00 369,200.00