NAME OF COMPANY CPS5 CORPORATION

PARTNER EAL/WCV DATE STARTED

AUDIT MANAGER WCV DATE REVIEWED DATE
AUDIT SENIOR KKLM
AUDIT STAFF CYM

INCORPORATED ON 8 28 2013

INCOME TAX
CURRENT YEAR 2017
END OF CURRENT YEAR December 31, 2017 YEAR OF ASSESSMENT 2018
BEGINNING OF CURRENT YEAR January 1, 2017
PRIOR YEAR 2016 PRIOR YEAR DEF TAX PROV Y
END OF PRIOR YEAR December 31, 2016 CURR YR DEF TAX PROV Y
BEGINNING OF PRIOR YEAR January 1, 2016

REGISTERED OFFICE Hyacinth 206, Magnolia Place, Tandang Sora Talipapa, Quezon City

TELEPHONE NUMBER FAX NUMBER

REGISTRATIONS
SEC REG NO
TIN 008 594 783
VAT

CURRENCY DENOMINATION PHP

ESTABLISHMENTS NAME ADDRESS

ESTABLISHMENT 1
ESTABLISHMENT 2
ESTABLISHMENT 3

OPERATION DESCRIPTION ACTIVITY NUMBER DESCRIPTION

ACTIVITY NUMBER
ACTIVITY NUMBER
ACTIVITY NUMBER

SHARE CAPITAL
AUTHORISED ISSUED SHARES AND NOMINAL VALUE
5,000,000 500,000 5,000,000.00

OWNERS / MEMBERS NAME REGISTRATION SHARE CAPITAL

Shareholder 1 EDGARDO A. LEONARDO
Shareholder 2
Shareholder 3
Shareholder 4
Shareholder 5
Shareholder 6
Shareholder 7
Shareholder 8
Shareholder 9
Shareholder 10

DIRECTORS NAME ADDRESS

Director 1
Director 2
Director 3
Director 4
Director 5

APPOINTMENT/RESIGNATION NAME APPOINTED/RESIGNED DATE

Director 1
Director 2
Director 3
Director 4
Director 5

COMPANY SECRETARY

JUDICIAL REPRESENTATION
CPS5 CORPORATION

Audited Financial Statements

As of the Year Ended
December 31, 2016 and 2017
CPS5 CORPORATION

FINANCIAL STATEMENTS
December 31, 2017
Schedule 1 Computation of Net Operating Loss Carry Over (NOLCO)

50 Gross Income
51 Less: Total Deductions exclusive of NOLCO & Deductions under Special Laws
52 Net Operating Loss Carry Over (to Schedule 1A)

Schedule 1A Computation of Available Net Operating Loss Carry Over (NOLCO) (attach additional sheet/s, if necessary)
Net Operating Loss Net Operating Loss Carry Over (NOLCO)
Year Incurred Amount Applied Previous Year Applied Current Year Expired
53 53A • 53B • 53C • 53D
54 54A • 54B • 54C • 54D
55 55A • 55B • 55C • 55D
56 56A • 56B • 56C • 56D
57 Total (Sum of Items 53C, 54C, 55C & 56C) (to Item 24) 57 •
Schedule 2 Computation of Excess Minimum Corporate Income Tax (MCIT) of Previous Year
Year Normal Income Tax as adjusted MCIT Excess MCIT over Normal Income Tax as adjusted Balance MCIT Still Allowable as Tax Credit Expired/Us
58 • • • •
59 • • • •
60 • • • •
61
### • • • •
Schedule
### Reconciliation of Net Income Per Books Against Taxable Income (attach additional sheet/s, if necessary)
Special Rate
62 Net Income/(Loss) per books 62A •
Add: Non-deductible Expenses/Taxable Other Income
63 I N T E R E S T E X P E N S E 63A •
64 64A •
65 Total (Sum of Items 62, 63 & 64) 65A •
Less: Non-taxable Income and Income Subjected to Final Tax
66 I N T E R E S T I N C OM E 66A •
67 67A •
Special Deductions
68 68A •
69 69A •
70 Total (Sum of Items 66, 67, 68 & 69) 70A •
71 Net Taxable Income/(Loss) (Item 65 less Item 70) 71A •
We declare under the penalties of perjury, that this annual return has been made in good faith, verfied by us, and to the best of our knowledge and belief, is true and correct, pursuant to the provisions of the National Internal Revenue

### 72 RAYMUND S. CATABIJAN ### 73 ISABEL

President/Vice President/Principal Officer/Accredited Tax Agent Treasurer
(Signature over Printed Name) (Signature
PRESIDENT T
Title/Position of Signatory TIN of Signatory Title/Po

Tax Agent Accreditation No./Atty's Roll No. (if applicable) Date of Issuance Date of Expiry TI
74 Community Tax Certificate Number 75 Place of Issue 7
0 0 1 7 8 3 0 4 Q U E Z O N C I T Y

DESCRIPTION DESCRIPTION
ATC TAX RATE TAX BASE ATC TAX RATE
DOMESTIC CORPORATION DOMESTIC CORPORATION
IC 010 1. a. In General 30% Taxable Income from All Sources 7. Exempt Corporation
IC 055 b. Minimum Corporate Income Tax 2% Gross Income IC 011 a. On Exempt Activities 0%
IC 030 2. Proprietary Educational Institutions 10% Taxable Income from All Sources IC 010 b. On Taxable Activities 30%
a. Proprietary Educational Institution whose gross income from unrelated trade, business IC 021 8. General Professional Partnership exempt
or other activity exceeds fifty percent (50%) of the total gross income from all sources. 30% Taxable Income from All Sources 9. Corporation covered by Special Law*
IC 055 b. Minimum Corporate Income Tax 2% Gross Income RESIDENT FOREIGN CORPORATION
IC 031 3. Non-Stock, Non-Profit Hospitals 10% Taxable Income from All Sources IC 070 1. a. In General 30%
a. Non-Stock, Non-Profit Hospirals whose gross income from unrelated trade, business IC 055 b. Minimum Corporate Income Tax 2%
or other activity exceeds fifty percent (50%) of the total gross income from all sources. 30% Taxable Income from All Sources IC 080 2. International Carriers 2.5%
IC 055 b. Minimum Corporate Income Tax 2% Gross Income IC 101 3. Regional Operating Headquarters* 10%
IC 040 4. a. Government Owned and Controlled Corporations(GOCC), Agencies & Instrumentalities 30% Taxable Income from All Sources 4. Corporation covered by Special Law*
IC 055 b. Minimum Corporate Income Tax 2% Gross Income IC 190 5. Offshore Banking Units (OBUs)
IC 041 5. a. National Government and Local Government Units (LGU) 30% Taxable Income from Proprietary Activities a. Foreign Currency Transaction not subjected to Final Tax 10%
IC 055 b. Minimum Corporate Income Tax 2% Gross Income b. Other than Foreign Currency Transaction 30%
IC 020 6. a. Taxable Partnership 30% Taxable Income from All Sources IC 191 6. Foreign Currency Deposit Units (FCDU)
IC 055 b. Minimum Corporate Income Tax 2% Gross Income a. Foreign Currency Transacti.on not subjected to Final Tax 10%
b. Other than Foreign Currency Transaction 30%
*Please refer to Revenue District Offices
 BIR Form No. 1702 - page 3
Operating Loss Carry Over (NOLCO)

50 •
51 •
52 •
s Carry Over (NOLCO) (attach additional sheet/s, if necessary)
ating Loss Carry Over (NOLCO)
Net Operating Loss (Unapplied)
Expired
• 53E •
• 54E •
• 55E •
• 56E •

um Corporate Income Tax (MCIT) of Previous Year

Expired/Used Portion of Excess MCIT Excess MCIT Applied this Current Taxable Year
• •
• •
• •
• •
ainst Taxable Income (attach additional sheet/s, if necessary)
Regular/Normal Rate
62B •

63B •
64B •
65B •

66B •
67B •

68B •
69B •
70B •
71B •
is true and correct, pursuant to the provisions of the National Internal Revenue Code, as amended, and the regulations issued under authority thereof.

ISABEL D. CATABIJAN
Treasurer/Assistant Treasurer
(Signature over Printed Name)
TREASURER
Title/Position of Signatory

TIN of Signatory
76 Date of Issue (MM/DD/YYYY) 77 Amount
0 1 1 5 2 0 1 3 1 0 5 0 0•0 0

TAX BASE

Taxable Income from All Sources

Taxable Income from Within the Philippines

Gross Income
Gross Philippine Billing
Taxable Income

Gross Taxable Income on Foreign Currency Transactions not subjected to Final Tax
Taxable Income Other Than Foreign Currency Transaction

Gross Taxable Income on Foreign Currency Transactions not subjected to Final Tax
Taxable Income Other Than Foreign Currency Transaction
TAXPAYER NAME: ST. MATTHEW'S PUBLISHING CORPORATION
Mandatory Attachment to BIR Form No. 1702 Regular Allowable Itemized Deductions (attach additional s
Exempt
1 Advertising and Promotions 1A • 1B
Amortizations (specify)
2 2A • 2B
3 3A • 3B
4 Bad Debts 4A • 4B
5 Donations and Contributions 5A • 5B
6 Bank Charges 6A • 6B
7 Communication, Light and Water 7A • 7B
8 Depletion 8A • 8B
9 Depreciation 9A • 9B
10 Director's Fees 10A • 10B
11 Fringe Benefits 11A • 11B
12 Gasoline and Oil 12A • 12B
13 Insurance 13A • 13B
14 Interest 14A • 14B
15 Janitorial and Messengerial Services 15A • 15B
16 Losses 16A • 16B
17 Membership and association dues 17A • 17B
18 Miscellaneous 18A • 18B
19 Stationery and Office Supplies 19A • 19B
20 Other Services 20A • 20B
21 Professional Fees 21A • 21B
22 Rental 22A • 22B
23 Postage and courier 23A • 23B
24 Repairs and Maintenance-Materials/Supplies 24A • 24B
25 Representation and Entertainment 25A • 25B
26 Research and Development 26A • 26B
27 Royalties 27A • 27B
28 Salaries and Allowances 28A • 28B
29 Security Services 29A • 29B
30 SSS, GSIS, Philhealth, HDMF and Other Contributions 30A • 30B
31 Taxes and Licenses 31A • 31B
32 Personnel development 32A • 32B
33 Seminars and trainings 33A • 33B
34 Transportation and Travel 34A • 34B
Others (specify)
35 M E E T I N G S A N D C O N F E R E N C E S 35A • 35B
36 R E T I R E M E N T E X P E N S E S S E 36A • 36B
37 Total Regular Allowable Itemized Deductions (Sum of Items 1 to 36) (to Item 22) 37A • 37B
 TIN: 007-283-001-000 TAXABLE YEAR: 2013
dditional sheet/s, if necessary)
Special Rate Regular/Normal Rate
• 1C •

• 2C •
• 3C •
• 4C •
• 5C •
• 6C •
• 7C •
• 8C •
• 9C •
• 10C •
• 11C •
• 12C •
• 13C •
• 14C •
• 15C •
• 16C •
• 17C •
• 18C •
• 19C •
• 20C •
• 21C •
• 22C •
• 23C •
• 24C •
• 25C •
• 26C •
• 27C •
• 28C •
• 29C •
• 30C •
• 31C •
• 32C •
• 33C •
• 34C •

• 35C •
• 36C •
• 37C •
 CPS5 CORPORATION
TIN: 008-594-783-000
Hyacinth 206, Magnolia Place, Tandang Sora Talipapa, Quezon City
Summary Alphalist of Withholding Agents of Income Payments Subjected to Withholding Tax at Source (SAWT)
For the Year Ended December 31, 2017

Seq. TIN Registered Name Return Return ATC Nature of Income AMOUNT Tax Tax
No. (Alphalist) period period Payment Tax Base Rate Withheld
From To
1 2 3 4a 4b 5 6 7 8 9

1 000-746-316-000 BUREAU OF ANIMAL INDUSTRY 1/2/2017 02/28/2017 WC157 Income payments made by t 133,928.57 2% 2,678.57
2 000-746-316-000 BUREAU OF ANIMAL INDUSTRY 1/8/2017 08/31/2017 WC157 Income payments made by t 131,250.00 2% 2,625.00

TOTAL AMOUNT 265,178.57 5,303.57

I declare under the penalties of perjury, that this certificate has been made in good faith, verified by me, and to the best of my knowledge and belief, is true and correct
pursuant to the provisions of the NIRC and the regulations issued under the authority thereof; that the information contained herein completely reflects a summary of
information on all Certificates of Creditable Withholding Tax at Source (BIR Form No. 2307) issued by the payor; that, the income payments has been declared part of the
gross income/receipt in our Income Tax/VAT/Percentage Tax Returns where the taxable income was earned or received; that the information appearing herein is consistent
with the information contained in the Certificate of Tax Withheld at Source and that, inconsistent information shall result to denial of the claims for refund/tax credit.

ROGELIO J. CUSTODIO
Signature over printed name
Taxpayer/Authorized representative
Attachments to BIR Form Nos. 1700, 1701Q, 1701, 1702Q, 1702, 2550M, 2550Q, 2551M, 2553
Leonardo Vicente and Associates, CPAs III.b

Audit Manager WCV

Audit Senior KKLM
Client name: CPS5 CORPORATION Audit Staff CYM
Year end: December 31, 2017 Date started 0
Section: PAJEs Partner Review EAL/WCV
Signature 0
Date 0

PAJE Ref A/c no A/c name Dr Cr WP Ref

1 21001 Output VAT Payable 14,844.02

13000 Input VAT 14,844.02
To close Input VAT

2 11001 Cash in bank 836.86

21000 Withholding tax payable - compensation 836.86
To accrue taxes withheld

3 60001 Materials, supplies and facilities 246,340.47

60000 Salaries and wages 175,348.80
70000 Salaries and allowances 70,991.67
To tally salaries expense with alphalist

TOTAL DEBITS 262,021.35

TOTAL CREDITS 262,021.35
Leonardo Vicente and Associates, CPAs III.c

Audit Manager WCV

Audit Senior KKLM
Client name: CPS5 CORPORATION Audit Staff CYM
Year end: December 31, 2017 Date started 0
Section: CAJEs Partner Review EAL/WCV
Signature 0
Date 0

CAJE Ref A/c no A/c name Dr Cr WP Ref

Leonardo Vicente and Associates, CPAs III.a

Audit Manager WCV

Audit Senior KKLM
Client name: CPS5 CORPORATION Audit Staff CYM
Year end: December 31, 2017 Date started 0
Section: WORKING TRIAL BALANCE Partner Review EAL/WCV
Signature
Date

Bal per client PAJEs Per audit bal Final 2016

NB FS
A/c no. Account name DR CR Ref DR Ref CR DR CR DR CR
a b d
CASH
11000 Cash on hand DR BS - -
11001 Cash in bank DR BS 327,570.70 2 836.86 - 328,407.56 204,834.72
- -
PREPAYMENTS - -
13000 Input VAT DR BS 14,844.02 - 1 14,844.02 - -
13001 Prepaid tax DR BS - - - -
13002 Creditable withholding tax receivable DR BS 0.00 - 0.00 7,030.29
- -
PROPERTY, PLANT & EQUIPMENT - -
16000 Transportation equipment DR BS 260,000.00 - - 260,000.00 260,000.00
16001 Tools and equipment DR BS 27,622.44 - - 27,622.44 27,622.44
16002 Office equipment DR BS 3,696.96 - - 3,696.96 3,696.96
16003 Furnitures and fixtures DR BS 13,330.80 - - 13,330.80 13,330.80
16004 Accumulated depreciation-Office equipemt CR BS 3,696.96 - - 3,696.96 3,234.84
16005 Accumulated depreciation-Furnitures and Fixtures CR BS 13,330.80 - - 13,330.80 11,109.00
16006 Accumulated depreciation-Transportation equipme CR BS 208,000.00 - - 208,000.00 156,000.00
16007 Accumulated depreciation-Tools and equipment CR BS 27,622.44 - - 27,622.44 24,219.65
16009 Accumulated depreciation-Other equipment CR BS - - - -
16010 Accumulated Depreciation-Land Improvements CR BS - - - -
- -
NON-CURRENT ASSETS - -
17000 Refundable deposits DR BS - - - -
17001 Deferred Charges - MCIT DR BS - - - -
- -
TRADE & OTHER PAYABLES - -
21000 Withholding tax payable - compensation CR BS - 2 836.86 836.86 836.66
Allandale:
21001 Output VAT Payable CR BS 24,724.29 1 14,844.02 - 9,880.27 11,021.44
should be 1925734.01
21002 Accrued expenses CR BS - - - -
21003 Income Tax Payable CR BS 16,679.76 - 0.00 16,679.76 17,581.43
21004 Other accounts payable CR BS - - - -
21005 Withholding tax payable - compensation CR BS - - - -
21006 Dividend payable CR BS 171,875.00 - -
- -
NOTES PAYABLE - -
23000 Notes payable CR BS - - - -
23001 Discount on note payables DR BS - - - -
- -
ADVANCES - -
23002 Advances from officers CR BS - - - -
- -
SHAREHOLDER'S EQUITY - -
25000 Capital stock CR BS 34,375.00 - - 34,375.00 34,375.00
25001 Share premium CR BS - - - -
25002 Unappropriated retained earnings CR BS (16,862.81) - - (16,862.81) -
25003 Appropriated retained earnings CR BS - - - 47,615.00
- -
REVENUES - -
50000 Sales CR IS 1,927,269.17 - - 1,927,269.17 1,925,734.01
50001 Sales discount DR IS - - - -
50002 Sales returns and allowances DR IS - - - -
- -
OTHER INCOME - -
50001 Interest income CR IS - - - -
50002 Other income CR IS - - - -
- -
COST OF SALES - -
60000 Salaries and wages DR IS 175,348.80 - 175,348.80 - -
60001 Materials, supplies and facilities DR IS 281,600.47 246,340.47 - 527,940.94 728,555.20
60002 Representation DR IS 476,184.71 - - 476,184.71 398,734.75
60003 Depreciation DR IS 58,086.71 - - 58,086.71 68,659.28
- -
EXPENSES - -
70000 Salaries and allowances DR IS 214,991.67 - 70,991.67 144,000.00 144,000.00
70001 Office supplies DR IS 109,516.39 - - 109,516.39 128,625.25
70002 De minimis benefit DR IS - - - -
70003 Marketing expense DR IS - - - -
70004 Advertising and promos DR IS - - - -
70005 Research and development DR IS - - - -
70006 Toll Fees DR IS 5,106.26 - - 5,106.26 20,658.92
70007 Communication, light and water DR IS 67,775.82 - - 67,775.82 59,698.89
70008 Rent expense DR IS - - - -
70009 Seminars and trainings DR IS - - - -
70010 Professional fees DR IS - - - - 8,928.57
70011 Directors' fee DR IS - - - -
70012 Stationery and office supplies DR IS - - - -
70013 Representation expense DR IS - - - -
70014 Miscellaneous DR IS 94,572.95 - - 94,572.95 79,825.67
70015 Fuel and Oil DR IS 74,518.52 - - 74,518.52 53,792.66
70016 SSS/PHIC/HDMF contribution DR IS - - - -
70017 Retirement expense DR IS - - - -
70018 Repairs and maintenance DR IS 97,459.94 - - 97,459.94 47,990.84
70019 Insurance DR IS - - - -
70020 Security services DR IS - - - -
70021 Taxes and licenses DR IS 38,359.10 - - 38,359.10 32,839.42
70022 Transportation expense DR IS - - - -
70023 Donations & contributions DR IS - - - -
70024 Freight DR IS - - - -
70025 Postage and courier DR IS - - - -
70026 Membership and association dues DR IS - - - -
70027 Bank charges DR IS - - - -
70028 Interest expense DR IS - - - -
70029 Doubtful accounts expense DR IS - - - -
70030 Personnel development DR IS - - - -
70031 Loss on inventory writedown DR IS - - - -
- -
PROVISION - -
80000 Provision for income tax DR IS 70,124.35 - - 70,124.35 46,027.37
80001 Unidentified Deposits CR BS - -

2,410,710.61 2,410,710.61 262,021.35 262,021.35 2,396,703.45 2,224,828.45 2,334,852 2,231,727

- (171,875.00) (103,125)
2,410,710.61 2,410,710.61 262,021.35 262,021.35 2,224,828.45 2,224,828.45 2,231,727 2,231,727
^ ^ ^ ^ ^ ^ ^ ^
 CPS5 CORPORATION
Comparative Statements of Changes in Shareholders' Equity
For the Years Ended December 31

Retained Eanings
Notes Share Capital Total
Appropriated Unappropriated

Share Capital
Authorized - 500,000 shares, P1 par
Subscribed - 125,000 shares
Issued and outstanding - 34,375 shares

Balance at January 1, 2016 P 34,375 P 150,740 P - P 185,115

Total comprehensive income for the year - - 107,397 107,397
Dividends - (30,103) (73,022) (103,125)

Balance at December 31, 2016 P 34,375 P 120,637 P 34,375 P 189,387

Balance at January 1, 2017 P 34,375 P 120,637 P 34,375 P 189,387

Total comprehensive income for the year - - 163,623 163,623
Dividends 8 - (8,252) (163,623) (171,875)

Balance at December 31, 2017 P 34,375 P 112,385 P 34,375 P 181,135

See accompanying notes to financial statements.

 CPS5 CORPORATION
Comparative Statements of Comprehensive Income
For the Years Ended December 31

Notes 2017 2016

Revenues 10 P 1,927,269 P 1,925,734

Cost of Sales 9 1,062,212 1,195,949

Gross Profit 865,057 729,785

Operating Expenses
Salaries and allowances 144,000 144,000
Office supplies 109,516 128,625
Repairs and maintenance 97,460 47,991
Miscellaneous 94,573 79,826
Fuel and Oil 74,519 53,793
Communication, light and water 67,776 59,699
Taxes and licenses 38,359 32,839
Toll Fees 5,107 20,659
Professional fees - 8,929
Total operating expenses 631,310 576,359

Income Before Tax 233,747 153,426

Income Tax Expense 7 70,124 46,028

Net Income for the Year P 163,623 P 107,398

See accompanying notes to financial statements.

 CPS5 CORPORATION
Comparative Statements of Financial Position
As of December 31

Notes 2017 2016

ASSETS
Current Assets
Cash 4 P 328,407 P 204,835
Other current assets - 7,030
Total current assets 328,407 211,865

Non-current Assets
Property and equipment, net 5 52,000 110,086
Total non-current assets 52,000 110,086

Total Assets P 380,407 P 321,951

LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities
Dividend payable 8 P 171,875 P 103,125
Trade and other payables 6 27,397 29,439
Total current liabilities 199,272 132,564

Shareholders' Equity
Share capital 34,375 34,375
Retained earnings
Appropriated 112,385 120,637
Unappropriated 34,375 34,375
Total shareholders' equity 181,135 189,387

Total Liabilities and Shareholders' Equity P 380,407 P 321,951

See accompanying notes to financial statements.

 CPS5 CORPORATION
Comparative Statements of Cash Flows
For the Years Ended December 31

2017 2016

Cash Flows from Operating Activities

Net income for the year P 163,623 P 107,398
Adjustments for non-cash items
Depreciation expense 58,086 68,658
Decrease (increase) in current assets 7,030 (1,997)
Increase (decrease) in current liabilities
Dividend payable 68,750 -
Trade and other payables (2,042) 12,982
Net cash provided by operating activities 295,447 187,041

Cash Flows from Financing Activities

Cash dividend (171,875) (103,125)
Cash used in financing activities (171,875) (103,125)

Increase in cash 123,572 83,916

Cash at the beginning of the year 204,835 120,919

Cash at the End of the Year P 328,407 P 204,835

See accompanying notes to financial statements.

Leonardo Vicente and Associates, CPAs A

Audit Manager WCV

Audit Senior KKLM
Client name: CPS5 CORPORATION Audit Staff CYM
Year end: December 31, 2017 Date started
Section: CASH Partner Review EAL/WCV
Signature
Date 0

A/c no. Account name Bal per client Per audit bal Final 2016 Difference
Remarks
DR CR DR CR DR CR Amount Percentage

11000 Cash on hand - - - - - - 0%

11001 Cash in bank 327,570.70 - 328,407.56 204,835 - 123,572.84 60%
327,570.70 328,407.56 - 204,835 -
^ ^ ^/FS

^ Footed. In order.
FS As per 2017 Audited FS

Accounts Description
A1 Cash on hand
A2 Cash in bank
Leonardo Vicente and Associates, CPAs B

Audit Manager WCV

Audit Senior KKLM
Client name: CPS5 CORPORATION Audit Staff CYM
Year end: December 31, 2017 Date started
Section: PREPAYMENTS Partner Review EAL/WCV
Signature
Date 0

A/c no. Account name Bal per client Per audit bal Final 2016 Difference
Remarks
DR CR DR CR DR CR Amount Percentage

13000 Input VAT 14,844.02 - - - - 0%

13001 Prepaid tax - - - - - 0%
13002 Creditable withholding tax receivable - - 0.00 7,030.29 (7,030.29) 100%
14,844.02 - 0.00 - 7,030.29 -
^ ^ ^ ^/FS

^ Footed. In order.
FS As per 2017 Audited FS

Accounts Description
C1 Input VAT
C2 Prepaid tax
C3 Creditable withholding tax receivable
Leonardo Vicente and Associates, CPAs C

Audit Manager WCV

Audit Senior KKLM
Client name: CPS5 CORPORATION Audit Staff CYM
Year end: December 31, 2017 Date started
Section: PROPERTY, PLANT & EQUIPMENT Partner Review EAL/WCV
Signature
Date 0

A/c no. Account name Bal per client Per audit bal Final 2016 Difference
Remarks
DR CR DR CR DR CR Amount Percentage

16000 Transportation equipment 260,000 - 260,000 260,000 - 0%

16001 Tools and equipment 27,622 - 27,622 27,622 - 0%
16002 Office equipment 3,697 3,697 3,697 - 0%
16003 Furnitures and fixtures 13,331 13,331 13,331 - 0%
16004 Accumulated depreciation-Office equipemt 3,697 3,697 3,235 462 14%
16005 Accumulated depreciation-Furnitures and Fixtures 13,331 13,331 11,109 2,222 20%
16006 Accumulated depreciation-Transportat - 208,000 208,000 156,000 52,000 33%
16007 Accumulated depreciation-Tools and e - 27,622 27,622 - 24,220 3,402 14%
304,650 252,650 304,650 252,650 304,650 194,563 -

52,000 51,999 110,086

^ ^ ^/FS

^ Footed. In order.
FS As per 2017 Audited FS

Accounts
E1 Transportation equipment
E2 Tools and equipment
E3 Office equipment
E4 Furnitures and fixtures
E5 Accumulated depreciation-Office equipemt
E6 Accumulated depreciation-Furnitures and Fixtures
E7 Accumulated depreciation-Transportation equipment
E8 Accumulated depreciation-Tools and equipment
Leonardo Vicente and Associates, CPAs D

Audit Manager WCV

Audit Senior KKLM
Client name: CPS5 CORPORATION Audit Staff CYM
Year end: December 31, 2017 Date started
Section: TRADE & OTHER PAYABLES Partner Review EAL/WCV
Signature
Date 0

A/c no. Account name Bal per client Per audit bal Final 2016 Difference
Remarks
DR CR DR CR DR CR Amount Percentage

21000 Withholding tax payable - compensation - - 837 837 0 100%

21001 Output VAT Payable - 24,724 9,880 11,021 (1,141) 100%
21002 Accrued expenses - - - - - %
21003 Income Tax Payable - 16,680 16,680 17,581 (902) 100%
21004 Other accounts payable - - - - - 100%
21005 Withholding tax payable - compensation - - - - - 100%
- 41,404 27,397 29,440
^ ^ ^/FS

^ Footed. In order.
FS As per 2017 Audited FS

Accounts Description
G1 Withholding tax payable - compensation
G2 Output VAT Payable
G3 Accrued expenses
G4 Income Tax Payable
G5 Other accounts payable
G6 Withholding tax payable - compensation
Leonardo Vicente and Associates, CPAs E

Audit Manager WCV

Audit Senior KKLM
Client name: CPS5 CORPORATION Audit Staff CYM
Year end: December 31, 2017 Date started
Section: SHAREHOLDER'S EQUITY Partner Review EAL/WCV
Signature
Date 0

A/c no. Account name PAJEs Per audit bal Final 2016 Difference
Remarks
DR CR DR CR DR CR Amount Percentage

25000 Capital stock - 34,375 34,375 34,375 - 0%

25001 Share premium - - - - - 0%
25002 Unappropriated retained earnings - (16,863) (16,863) - (16,862.81) #DIV/0!
- 17,512 17,512 - 34,375
^ ^ ^ ^/FS ^/FS

^ Footed. In order.
FS As per 2017 Audited FS
Leonardo Vicente and Associates, CPAs F

Audit Manager WCV

Audit Senior KKLM
Client name: CPS5 CORPORATION Audit Staff CYM
Year end: December 31, 2017 Date started
Section: REVENUES Partner Review EAL/WCV
Signature
Date 0

A/c no. Account name Bal per client Per audit bal Final 2016 Difference
Remarks
DR CR DR CR DR CR Amount Percentage

50000 Sales - 1,927,269.17 1,927,269.17 - 1,925,734.01 1,535.16 100%

50001 Sales discount - - - - - - 0%
50002 Sales returns and allowances - - - - - - 0%
- 1,927,269.17 - 1,927,269.17 - 1,925,734.01
^ ^ ^/FS

^ Footed. In order.
FS As per 2017 Audited FS

Accounts Description
K1 Sales
K2 Sales discount
K3 Sales returns and allowances
Leonardo Vicente and Associates, CPAs G

Audit Manager WCV

Audit Senior KKLM
Client name: CPS5 CORPORATION Audit Staff CYM
Year end: December 31, 2017 Date started
Section: COST OF SALES Partner Review EAL/WCV
Signature
Date 0

A/c no. Account name Bal per client Per audit bal Final 2016 Difference
Remarks
DR CR DR CR DR CR Amount Percentage

60000 Salaries and wages 175,349 - - - - 100%

60001 Materials, supplies and facilities 281,600 527,941 728,555 (200,614) 100%
60002 Representation 476,185 476,185 398,735 77,450 100%
60003 Depreciation 58,087 58,087 68,659 (10,573) 100%

991,221 - 1,062,212 - 1,195,949 -

^ ^ ^/FS

^ Footed. In order.
FS As per 2017 Audited FS
Leonardo Vicente and Associates, CPAs H

Audit Manager WCV

Audit Senior KKLM
Client name: CPS5 CORPORATION Audit Staff CYM
Year end: December 31, 2017 Date started
Section: EXPENSES Partner Review EAL/WCV
Signature
Date 0

A/c no. Account name Bal per client Per audit bal Final 2016 Difference
Remarks
DR CR DR CR DR CR Amount Percentage

70015 Fuel and Oil 74,519 74,519 53,793 20,726 100%

70000 Salaries and allowances 214,992 144,000 144,000 - 100%
70018 Repairs and maintenance 97,460 97,460 47,991 49,469 100%
70006 Toll Fees 5,106 5,106 20,659 (15,553) 100%
70014 Miscellaneous 94,573 94,573 79,826 14,747 100%
70007 Communication, light and water 67,776 67,776 59,699 8,077 100%
70001 Office supplies 109,516 109,516 128,625 (19,109) 100%
70021 Taxes and licenses 38,359 38,359 32,839 5,520 100%
70008 Rent expense - - - - 100%
70010 Professional fees - - 8,929 (8,929) 100%
702,301 631,309 576,360
^ ^ ^/FS

^ Footed. In order.
FS As per 2017 Audited FS
Leonardo Vicente and Associates, CPAs O

Audit Manager WCV

Audit Senior KKLM
Client name: CPS5 CORPORATION Audit Staff CYM
Year end: December 31, 2017 Date started
Section: Computation of Income Tax Due Partner Review EAL/WCV
Signature
Date

NORMAL TAX MCIT

Gross Income 865,057

Income (loss) before income tax P 233,747
Permanent Differences
Add/(deduct) reconciling items:
Interest Income -
Non deductible portion Interest Expense -
Accounting Income Subject to Tax 233,747
Statutory Tax Rate 30%
MCIT - 2% 2%
Tax Due Whichever is Higher P 70,124 17,301

Less: Prior Year's Excess Credits -

CWT for the first three quarters -
CWT for the this quarter 5,304
Less: Tax Payments
1st Quarter - -
2nd Quarter -
3rd Quarter -
Total Tax Credits 5,304

Net Income Tax Due (Overpayment) P 64,820

ADJUSTING ENTRY

Income Tax Expense - Per Computation 70,124.05

Income Tax Expense - Per TB 70,124.35
Adjustment (0.30)
 Tax Effect

35% 30% Total

81,811.39 70,124.05 151,935.44
- - -
- - -
- - -
- - -
81,811.39 70,124.05 151,935.44

Per computation 70,124.05

Per TB 70,124.35
Adjustment (0.30)

Income tax expense (0.30)

Income tax payable

Income tax payable 5,303.57

Creditable withholding tax

SUMMARY:
Income tax expense 70,124.35
Income tax payable 16,679.76
Tax credits claimed 53,444.59
Prepaid tax (1st three quarters) 48,141.02
CWT claimed 5,303.57
CWT on hand 5,303.57
CWT receivable 0.00
Leonardo Vicente and Associates, CPAs S

Audit Manager WCV

Audit Senior KKLM
Client name: CPS5 CORPORATION Audit Staff CYM
Year end: December 31, 2017 Date started 0
Section: Partner Review EAL/WCV
Signature 0
Date 0

Share Capital P 34,375.00

Unappropriated Retained Earnings 150,740.00
Excess Subject to Improperly Accumulated Earnings Tax P (116,365.00)

You may recommend either of the following to the client to properly dispose the Improperly
Accumulated Earnings

a. Dividend Declaration

b. Retained Earnings Appropriation

 Net Sales/Receipt Output VAT
Taxable Sales:
Vatable Sales P 1,927,269 P 231,272
Total P 1,927,269 P 231,272

2017
Balance, January 1 P -
Current year's domestic purchase/payments for:
Services lodged under other accounts 154,251
Claims for tax credit/refund and other adjustments 154,251
Balance at December 31 P -

2017
Withholding tax on compensation P 6,475
Expanded withholding tax -
Total P 6,475

2017
Lodged under Operating Expenses:
Business permit and community tax certificate P 27,710
Other taxes and licenses 9,424
Barangay clearance 1,000
Fire safety clearance 225
Total P 38,359
Leonardo Vicente and Associates, CPAs

Audit Manager WCV

Audit Senior KKLM
Client name: CPS5 CORPORATION Audit Staff CYM
Year end: December 31, 2017 Date started -
Section: 1604CF Partner Review EAL/WCV
Signature -
Date -

RECONCILIATION OF WITHHOLDING TAX COMPENSATION

Compensation Income per FS

Salaries & Wages 214,991.67
13th Month Pay
Employee Benefits
De Minimis Benefits -
Directors Fee -
Commission - 214,991.67

Compensation Income per Alpjhalist

Schedule 7.1 Alphalist of Employees Terminated Before December 31

Schedule 7.2 Alphalist of Employees Whose Compensation Income

are Exempt from Withholding Tax but subject to Income Tax -

Schedule 7.3 Alphalist of Employees as of December 31

with no previous Employer within the year 144,000.00

Schedule 7.4 Alphalist of Employees as of December 31

with previous Employer within the year

Schedule 7.5 Alphalist of Minimum Wage Earners - 144,000.00

Difference 70,991.67

Note: The SSS/PHIC/HDMF expense per AFS are not part of the reconciliation because it pertains to Employer Share
The Salaries per Alphalist refers to the Gross Compensation Received by Employees taxable and non taxable
 CPS5 CORPORATION
1702Q SUMMARY
FOR THE YEAR 2017

1st Quarter 2nd Quarter

Allandale:
Sales - VAT
doest not tally per
COS return 2550Q
Gross Income - -
Other Income - -
Total Gross Income - -
Less Deductions
Taxable Income - -
Add Taxable Income from Previous Quarter - -
Total Taxable Income - -
Tax Rate 0.30 0.30
Income Tax (Normal Rate) - -

MCIT to Date
Tax Applicable - -

Less Tax Credits:

Prior Years' Excess - -
Tax Paid from Previous Quarter - -
CWT from Previous Quarter - -
CWT this Quarter -
Total Tax Credits - -

Tax Payable (Overpayment) - -

PS5 CORPORATION
1702Q SUMMARY
OR THE YEAR 2017

3rd Quarter 4th Quarter TOTAL

Allandale:
doest not tally per VAT - - -
return 2550Q -
- - -
- -
- - -
-
- - -
- -
- - -
0.30 0.30 0.30
- - -

- - -

- -
- - -
-
5,303.57 5,303.57
- 5,303.57 5,303.57

- (5,303.57) (5,303.57)
 CPS5 CORPORATION
Summary of Withholding Tax on Compensation Filed with BIR
For the Year 2017

Taxable
Amount of Amount Date Paid/
Month Compensation Tax Withheld Remitted Filed

January -
February -
March -
Total - 1st Quarter - - -

April -
May -
June -
Total - 2nd Quarter - - -

July -
August -
September -
Total - 3rd Quarter - - -

October -
November -
December -
Total - 4th Quarter - - -
 CPS5 CORPORATION
Schedule of VAT
For the Year 2017

Actual Declared VAT

Month Sales Output Tax Purchases Input Tax Payable

January
February
March

1st Quarter - - - - -

April
May
June

2nd Quarter - - - - -

July
August
September

3rd Quarter - - - - -

October
November
December

4th Quarter - - - - -

Grand Total - - - - -
CPS5 CORPORATION
Analysis of Retained Earnings
As of December 31, 2012

Taxable income for the year ended December 31, 2012 P -

Add:
a. Interest income P Err:509
b. NOLCO -
c. Income exempt from tax -
d. Income excluded from gross income - Err:509
Total Gross Income Err:509
Less:
a. Income tax paid per BIR Form 1702Q Err:509
b. Dividends declared/paid - Err:509
Total Err:509

Add: Retained Earnings from prior years

Unappropriated retained earnings, December 31, 20 34,375.04
Appropriated retained earnings, December 31, 2011 -
Prior period adjustment, December 31, 2012 Err:509 Err:509
Total accumulated earnings as of July 31, 2011 Err:509

Less: Amount that may be retained

100% of paid-up capital as of December 31, 2012 34,375.00

Improperly Accumulated Taxable Income P Err:509

Improperly Accumulated Taxable Income P Err:509

Improperly Accumulated Earnings Tax Rate 10%
Improperly Accumulated Income Tax Payable P Err:509