Your Cooperative

Statement of Financial Operation

For the Period Ending December 31, 2019
Interest Revenues 1,500,000.00
Service Revenues 800,000.00
Sales 1,200,000.00
Total Revenues 3,500,000.00
Less: Cost of Sales 800,000.00
Gross Profit 2,700,000.00
Less: Operating Expenses 1,200,000.00
Net Surplus 1,500,000.00

Instructions:
1. Allocate the Net Surplus based on the mandated statutory reserves.
2. Allocate the remainder for dividends. The interest on share capital and patronage refund was decided by the BODs

Allocation of Net Surplus

Reserve Fund 10% 150,000.00
Education and Training Fund 10% 150,000.00
Community Development Fund 3% 45,000.00
Optional Fund 7% 105,000.00
Total Statutory Reserves 450,000.00

Allocation of Remainder for Declared by Allocated from Net

Interest and Patronage BODs Surplus
Interest on Share Capital 50% 525,000.00
Patronage Refund 50% 525,000.00
Total Dividends 1,050,000.00
as decided by the BODs to be 50-50.
The following information for each of the members is given below. Compute their dividends.

Members Particulars January February March April May

Co- Share Capital 1,000.00 1,400.00 1,800.00 2,200.00 2,400.00

member 1 Patronage 2,000.00 - - 4,000.00 5,000.00
Co- Share Capital 2,500.00 3,000.00 3,500.00 3,700.00 4,000.00
member 2 Patronage - - - 2,000.00 -
Co- Share Capital 800.00 900.00 1,200.00 1,300.00 1,500.00
member 3 Patronage 1,000.00 - 500.00 - -
Co- Share Capital 3,000.00 3,500.00 4,000.00 4,500.00 5,000.00
member 4 Patronage 1,000.00 2,000.00 5,000.00 - -
Co- Share Capital 2,500.00 2,700.00 3,400.00 3,600.00 3,800.00
member 5 Patronage 5,000.00 1,000.00 - - -
Co- Share Capital 4,500.00 6,000.00 7,000.00 8,000.00 9,000.00
member 6 Patronage 3,000.00 2,500.00 - 1,500.00 2,000.00
Co- Share Capital 8,000.00 8,100.00 8,200.00 8,300.00 8,400.00
member 7 Patronage 2,500.00 - - - 1,500.00
Co- Share Capital 5,500.00 6,000.00 7,000.00 7,100.00 7,200.00
member 8 Patronage 2,000.00 1,000.00 1,500.00 - -
Co- Share Capital 1,500.00 3,000.00 4,500.00 6,000.00 7,500.00
member 9 Patronage 1,500.00 2,000.00 2,500.00 3,000.00 -
Co- Share Capital 5,000.00 5,500.00 6,000.00 6,500.00 7,000.00
member 10 Patronage 3,000.00 1,500.00 2,000.00 - -
Other Share Capital 50,000.00 80,000.00 90,000.00 110,000.00 150,000.00
Members Patronage 10,000.00 25,000.00 35,000.00 50,000.00 100,000.00
Total Share Capital
Total Patronage of Members
 June July August September October November December

2,700.00 2,900.00 3,100.00 3,500.00 3,600.00 3,700.00 4,000.00

- - - 1,500.00 4,000.00 2,500.00 -
4,100.00 4,200.00 4,300.00 4,400.00 4,600.00 4,800.00 4,900.00
- 5,000.00 - - 5,000.00 - 1,500.00
1,800.00 2,000.00 2,200.00 2,400.00 2,600.00 3,000.00 4,000.00
- 1,500.00 - - 2,000.00 2,500.00 1,500.00
5,500.00 5,600.00 5,700.00 5,800.00 5,900.00 6,000.00 6,500.00
5,000.00 6,000.00 - - 3,000.00 2,000.00 1,500.00
4,000.00 4,200.00 4,500.00 4,800.00 5,000.00 5,500.00 5,800.00
- - 500.00 1,500.00 - 2,000.00 3,000.00
10,000.00 10,500.00 10,800.00 11,000.00 11,500.00 12,000.00 12,200.00
3,000.00 - - - - 1,500.00 2,000.00
8,500.00 9,000.00 9,500.00 12,000.00 12,500.00 13,000.00 13,500.00
- - - 4,500.00 5,000.00 3,000.00 2,000.00
7,300.00 7,400.00 7,600.00 7,800.00 8,000.00 10,000.00 10,500.00
- 4,000.00 - 2,500.00 - - 5,000.00
9,000.00 10,500.00 13,000.00 14,500.00 16,000.00 17,500.00 20,000.00
- - - - - 1,500.00 500.00
7,500.00 8,000.00 9,000.00 10,000.00 11,000.00 12,000.00 13,000.00
2,000.00 - - 5,000.00 - - 3,000.00
200,000.00 250,000.00 300,000.00 400,000.00 500,000.00 700,000.00 800,000.00
60,000.00 80,000.00 90,000.00 80,000.00 50,000.00 70,000.00 85,000.00
 Average Share Interest on Patronage Total
Totals
Months Share Capital Refund Dividends

32,300.00 2,691.67 3,861.70

19,000.00 11,176.47 15,038.17
48,000.00 4,000.00 5,738.75
13,500.00 7,941.18 13,679.93
23,700.00 1,975.00 2,833.51
9,000.00 5,294.12 8,127.63
61,000.00 5,083.33 7,293.00
25,500.00 15,000.00 22,293.00
49,800.00 4,150.00 5,953.95
13,000.00 7,647.06 13,601.01
112,500.00 9,375.00 13,450.20
15,500.00 9,117.65 22,567.84
119,000.00 9,916.67 14,227.32
18,500.00 10,882.35 25,109.67
91,400.00 7,616.67 10,927.54
16,000.00 9,411.76 20,339.30
123,000.00 10,250.00 14,705.55
11,000.00 6,470.59 21,176.14
100,500.00 8,375.00 12,015.51
16,500.00 9,705.88 21,721.39
3,630,000.00 302,500.00 433,992.99
735,000.00 432,352.94 866,345.93
365,933.33
892,500.00 525,000.00 525,000.00