3 Year Projected Balance Sheet

ASSETS 2022 2023 2024

CURRENT ASSETS
Cash ₱3,434,477 ₱4,061,077 ₱4,906,677
Total Current Assets ₱3,434,477 ₱4,061,077 ₱4,906,677

NON-CURRENT ASSETS
Furniture & Fixture ₱99,589 ₱99,589 ₱99,589
Equipment ₱179,339 ₱179,339 ₱179,339
Total ₱278,928 ₱278,928 ₱278,928
Less: Accumulated Depreciation, ₱92,976 ₱185,952 ₱252,343.33
Equipment
Total Non-Current Assets 185,952 ₱92,976 ₱26,584.67
TOTAL ASSETS 3,620,429 ₱4,154,053 ₱4,933,261,67

LIABILITIES AND OWNER’S EQUITY

Current Liabilities
Income tax payable ₱1,176,380.8 ₱1,209,601.60 ₱1,257,474.40

TOTAL LIABILITIES ₱1,176,380.8 ₱1,209,601.60 ₱1,257,474.40

Owner’s Equity
Partner’s Contribution ₱2,444,048.2 ₱2.944.451.4 ₱3,675,787.27
TOTAL LIABILITIES AND OWNER’S ₱3,620,429 ₱4,154,053 ₱4,933,261,67
EQUITY

Schedule 10
Accumulated Depreciation Expense
Item Cost 2021 2022 2023
Equipment ₱179,339.00 ₱59,779.67 ₱119,559.33 ₱119,559.33
Furniture and ₱99,589.00 ₱3.3196.33 ₱66,392.67 ₱132,784
Fixture
Total ₱92,976 ₱185,952 ₱ 252,343.33

C. Source of Financing

For our source of financing, we intend to raise funds from the partners’ shares in cash of Php

1,222,024.1 each. Though we aim to start with Php 2,444,048.2 in cash and therefore have 2/3 of the

resources, we would want to subscribe for investors, particularly venture capitalists.

 The funds received from the above sources will solely expand the business, including purchasing raw

materials, paying employees, running advertisements, and purchasing equipment.