Major Assumptions

Type of Business Manufacturing

Finished Goods, Ending 10% of Cost of Goods Available for Sale
Raw Materials, Ending 10% of Materials available for use
Work In Process None
Sales Based on demand per day
Demand Increase of 10% per year
Utilities Maynilad-Increase of 10% per year
Meralco-Increase of 10% per year
PLDT-fixed
Useful life
Furniture and Fixtures 10 years
Store Tools 5 years
Store Equipment 5 years
Leasehold Improvements 10
Office Equipment 5 years
Depreciation Method Used Straight Line Method
Salvage Value 10% of Acquisition Cost
Inventory Method Used Periodic Method
Sharing of Profit/Loss Equally
Income Tax Rate 30%
Withdrawals 10% of Profit
Office Supplies Increase of 10% per year, 10% Ending
Cleaning Supplies Increase of 10% per year, 10% Ending
Maintenance Supplies Increase of 10% per year, 10% Ending
Store Supplies Increase of 10% per year, 10% Ending
Trade Discount 20% of the 2% of annual demand
JUSTIFY

JUSTIFY

JUSTIFY

JUSTIFY

JUSTIFY

Articles of Partnership
 CAPITAL CONTRIBUTIONS
Category Debt Equity
Bugay, Espirito Initial Investment - ₱150,000.00
David, Neil Initial Investment - 150,000.00
Dichosa, Emmanuelle Initial Investment - 150,000.00
Villaruel, Alyssa Initial Investment - 150,000.00
Total ₱600,000.00
% Contribution
0.25
0.25
0.25
0.25
Projected Cost
PROJECTED COST AND EXPENSES
Prepaid Rent 1 ₱30,000.00
Raw Materials 2 167,596.11
Office Supplies 3 5,754.00
Store Supplies 4 12,576.00
Store Tools 5 3,405.00
Office Equipment 6 40,599.00
Maintenance Supplies 7 2,745.00
Cleaning Supplies 8 4,720.00
Furniture and Fixtures 9 45,467.00
Store Equipment 10 29,258.00
Advertising 11 1,940.00
Licenses and Permit 12 6,686.00
Leasehold Improvements 13 22,584.00
Total ₱373,330.11
 CAPITAL CONTRIBUTION
Working Fund ₱600,000.00
Less: Project Cost and Expenses 373,330.11
Cash Beginning ₱226,669.89
 Office Equipment
Quantity Description Unit Price Total Price
Ceiling fan 1 pc 1200 ₱1,200.00
Air Conditioner 1 pc 24,999.00 24,999.00
Laptop 1 pc 14,400.00 14,400.00
Total ₱40,599.00

Office Supplies
Quantity Description Unit Price Total Price
Short bondpaper 12 ream 215.00 ₱2,580.00
Long bondpaper 6 ream 255.00 1,530.00
Record book 4 pcs 40.00 160.00
Binder clip 6 boxes 20.00 120.00
Sticky notes 5 packs 30.00 150.00
Correction tape 10 pcs 20.00 200.00
Staple wire 3 boxes 20.00 60.00
Short folder 30 pcs 2.30 69.00
Long folder 30 pcs 2.50 75.00
Stapler 2 pcs 100.00 200.00
Puncher 2 pcs 55.00 110.00
Calculator 1 pc 200.00 200.00
Ballpen 5 boxes 50.00 250.00
Fastener 2 packs 25.00 50.00
Total ₱5,754.00

Store Equipment
Quantity Description Unit Price Total Price
Printer 1 pc 2,548.00 ₱2,548.00
Laptop 1 pc 14,400.00 14,400.00
Cash Register 1 pc 10,625.00 10,625.00
Trimmer sure cut 1 pc 1,685.00 1,685.00
Total ₱29,258.00

Store Tools
Quantity Description Unit Price Total Price
Punch heart confetti 1 pc 298.00 ₱298.00
Paper edgers pack 1 pack - 10 pcs 882.00 882.00
Glue gun 1 pc 400.00 400.00
Scissors 2 pc 50 100.00
Circle shape cutter 1 pc 745 745.00
Punch edger 1 pc 980 980.00
Total ₱3,405.00
 Store Supplies
Quantity Description Unit Price Total Price
Gold glitters 1 pack 640.00 ₱640.00
Mixed media powder 1 pack 315.00 315.00
Washi tapes 6 rolls 30.00 180.00
Double Sided Tape 100 pcs 12.00 1,200.00
Glue stick 24 dozen 8.50 2,016.00
Super thin tacky glue 2 pc 180.00 360.00
Glitter card stock 40 sheets 5.00 200.00
Colored paper 1 pack -100 pcs 125.00 125.00
Assorted card stock 1 pack 895.00 895.00
Ink 20 set 299.00 5,980.00
Cash Register paper roll 20 rolls (76mm) 20 400.00
White card stock 1 pack 265.00 265.00
Total ₱12,576.00

Maintenance Supplies
Quantity Description Unit Price Total Price
Fire extinguisher 1 pc ₱1,789.00
Light bulbs 3 pcs 456.00
Tube light 2 pcs (10w) 500.00
Total ₱2,745.00

Cleaning Supplies
Quantity Description Unit Price Total Price
Air freshener 2 packs 294.00 ₱588.00
Door mat 1 pc 988.00 988.00
Mop 1 pc 466.00 466.00
Alcohol 3 pcs 170.00 510.00
Tissue 3 packs 1 pack = 12 rolls 112.00 336.00
Red hand soap 1 pc 600.00 600.00
Trash Basket 2 pcs 200.00 400.00
Liquid Cleaner 2 packs (210oz) 416.00 832.00
Total ₱4,720.00

Furniture & Fixtures

Quantity Description Unit Price Total Price
Office chair 2 pcs 1,890.00 ₱3,780.00
Office table 2 pcs 1,540.00 3,080.00
Folding table 1 pc 3,200.00 3,200.00
Drawer 1 pc 3,710.00 3,710.00
Cashier Chair 1 pc 1,699.00 1,699.00
Glass Shelves 4pcs 4,000.00 16,000.00
Stacking chair 2 pcs 499.00 998.00
Cashier Couter Table 1 pc 13,000.00 13,000.00
Total ₱45,467.00

Rentals
Monthly rate Prepaid Rent Yearly rate
Rentals 10,000.00 30,000.00 ₱120,000.00

Licenses and Permit

SEC ₱2,120.00
BIR 515.00
Mayor's Permit 4,051.00
Total ₱6,686.00

Advertising
Quantity Description Unit Price Total Price
Flyers 200 pieces 5.00 ₱1,000.00
Loyalty Card 50 pieces 2.53 250.00
Coupon 99 piece 1.67 165.00
Tarpaulin 3' x 5' 525.00 525.00
Total ₱1,940.00

Raw Materials
Quantity Description Unit Price Total Price
Cartolina 4117 pcs 8.00 32,933.33
Scented Paper 13042 pcs 3.00 39,125.00
Ribbon 188 roll 120.00 22,555.56
Specialty Paper 12100 pcs 2.00 24,200.00
Abaca Mat 518 pcs 32.00 16,587.30
Pastel Color Folder 353 pcs 5.00 1,766.67
Fabric Sticker 58 pcs 5.00 291.67
Sticker Paper 58 pcs 25.00 1,458.33
Yarn 154 pcs 8.00 1,234.86
Folder 550 pcs 5.30 2,915.00
Total ₱167,596.11

Leasehold Improvements
Quantity Description Unit Price Total Price
Plywood ₱5,040
2x2 wood lumber 2,720.00
Paint 3,000.00
Finishing nails 1,824.00
Labor 10,000.00
Total ₱22,584.00
x] STORE SUPPLIES *
Gold glitter - 640/ 1pack *
Muxed media powder - 315/1pack
Washi tapes - 180/6rolls *
Ribbon - 1122.31/7rolls *
Glue tape - 240/3pcs *
Glue stick - 84/1dozen *
Super thin tacky glue - 360/2pc *
Glitter card stock - 200/40sheets *
Colored paper - 125/100pcs - 1pack *
Assorted card stock - 895/1pack *
White card stock - 265/1pack *
Cash register paper roll (76mm) - 400/20rolls *
Ink Cartridge - 495 =₱5,421.31 –
[x] STORE TOOLS * Punch heart confetti - 298/1pc *
Paper edgers pack - 882 /1pack- 10pcs *
Scissors - 100/2pc *
Circle shape cutter - 745/1pc *
Punch edger - 980/1pc =₱3,080
Tsaka yan be may binawas ako dyan yung cash register roll nilagay ko sa store supplie
 PRODUCTION COST
2019 2020 2021 2022 2023
Cartolina ₱463,543 ₱396,587 ₱436,245 ₱479,870 ₱527,857
Scented Paper ₱550,286 ₱514,350 ₱559,350 ₱569,668 ₱626,635
Ribbon ₱317,429 ₱271,578 ₱298,736 ₱328,609 ₱361,470
Specialty Paper ₱339,429 ₱290,400 ₱319,440 ₱351,384 ₱386,522
Abaca Mat ₱233,469 ₱199,746 ₱219,721 ₱241,693 ₱265,862
Pastel Color Folder ₱24,702 ₱21,134 ₱23,247 ₱25,572 ₱28,129
Fabric Sticker ₱4,018 ₱3,438 ₱3,781 ₱4,159 ₱4,575
Sticker Paper ₱20,089 ₱17,188 ₱18,906 ₱20,797 ₱22,877
Yarn ₱17,304 ₱14,804 ₱16,285 ₱17,913 ₱19,704
Folder ₱40,886 ₱34,980 ₱38,478 ₱42,326 ₱46,558
Direct Materials ₱2,011,153 ₱1,764,203 ₱1,934,189 ₱2,081,991 ₱2,290,190
Direct Labor ₱335,088 ₱335,088 ₱335,088 ₱335,088 ₱335,088
Cash register paper roll ₱400 ₱471 ₱554 ₱651 ₱766
Gold glitters ₱640 ₱753 ₱886 ₱1,042 ₱1,226
Mixed media powder ₱315 ₱371 ₱436 ₱513 ₱603
Washi tapes ₱180 ₱212 ₱249 ₱293 ₱345
Double Sided Tape ₱88,766 ₱75,944 ₱83,538 ₱91,892 ₱101,081
Glue stick ₱105,071 ₱89,894 ₱98,884 ₱108,772 ₱119,650
Super thin tacky glue ₱1,080 ₱1,271 ₱1,495 ₱1,759 ₱2,069
Glitter card stock ₱600 ₱706 ₱830 ₱977 ₱1,149
Colored paper ₱250 ₱294 ₱346 ₱407 ₱479
Assorted card stock ₱1,790 ₱2,106 ₱2,478 ₱2,915 ₱3,429
Packaging Supplies ₱143,100 ₱159,000 ₱176,667 ₱196,296 ₱218,107
White card stock ₱530 ₱624 ₱734 ₱863 ₱1,015
Ink ₱5,380 ₱5,380 ₱5,380 ₱5,380 ₱5,380
Total Indirect Materials ₱348,102 ₱337,024 ₱372,476 ₱411,761 ₱455,300
Depreciation Expense-Store Equipment ₱5,852 ₱5,852 ₱5,852 ₱5,852 ₱5,852
Depreciation Expense-Store Tools ₱681 ₱681 ₱681 ₱681 ₱681
Electricity ₱12,604 ₱14,005 ₱15,561 ₱17,290 ₱19,211
Indirect Cost ₱367,239 ₱694,586 ₱767,045 ₱847,344 ₱936,344
TOTAL ₱2,713,480 ₱2,793,878 ₱3,036,322 ₱3,264,423 ₱3,561,622

1843557.207
332428.928571429 167,596.11
-34810.2142857143 349,254.74 675,201.25 746,104.35 824,674.04 911,753.02
313291.928571429 29,104.56
332428.928571429 320,150.18
Raw Mats Beg xx -
Add: RM Purchased xx 1,716,812.62
Cost of RM Available xx 1,716,812.62
Less: RM End xx (171,681.26)
RM Used xx 1,545,131.36
DL xx 335,088.00
FOH xx 198,389.33
TMC XX 2,078,608.69
NO WIP BEG & END 0 -
Cost of Goods Mftd xx 2,078,608.69
Add: FG, Beg xx -
Copst of Goods Available xx 2,078,608.69
Less: FG, End xx (207,860.87)
Cost of Goods Sold xx 1,870,747.82

-
 171,681.26 193,588.47 212,777.72
1,764,203.39 1,934,188.73 2,081,990.61
1,935,884.65 2,127,777.20 2,294,768.33
(193,588.47) (212,777.72) (229,476.83)
1,742,296.19 1,914,999.48 2,065,291.50
335,088.00 335,088.00 335,088.00
200,421.24 219,089.73 239,625.07
2,277,805.43 2,469,177.21 2,640,004.57
-
2,277,805.43 2,469,177.21 2,640,004.57
207,860.87 248,566.63 271,774.38
2,485,666.30 2,717,743.84 2,911,778.95
(248,566.63) (271,774.38) (291,177.90)
2,237,099.67 2,445,969.45 2,620,601.06

- - - -
 229,476.83
2,290,189.67
2,519,666.50
(251,966.65)
2,267,699.85
335,088.00
262,213.95
2,865,001.80

2,865,001.80
291,177.90
3,156,179.70
(315,617.97)
2,840,561.73
 Crafting Geek
Comparative Statement of Cost of Goods Sold
For the Year Ended December 31

2019 2020
Raw Materials, beginning - 201,115.33
Add: Raw Materials Purchased 2,011,153.32 1,764,203.39
Raw Materials Available for use 2,011,153.32 1,965,318.72
Less: Raw Materials, ending (201,115.33) (196,531.87)
Raw Materials Used 1,810,037.98 1,768,786.85
Direct Labor 335,088.00 335,088.00
Factory Overhead 332,428.93 323,859.38
Total Manufacturing Cost 2,477,554.91 2,427,734.24
Add: Work in Process, beginning - -
Cost of Goods put into prcess 2,477,554.91 2,427,734.24
Less: Work in Process, ending -
Cost of Goods Manufactured 2,477,554.91 2,427,734.24
Add: Finished Goods Beginning - 247,755.49
Cost of Goods Available for sale 2,477,554.91 2,675,489.73
Less: Finished Goods End (247,755.49) (267,548.97)
Cost of Goods Sold 2,229,799.42 2,407,940.75

367,239.14
ek
Cost of Goods Sold
ecember 31

2021 2022 2023

196,531.87 213,072.06 229,506.27
1,934,188.73 2,081,990.61 2,290,189.67
2,130,720.60 2,295,062.67 2,519,695.93
(213,072.06) (229,506.27) (251,969.59)
1,917,648.54 2,065,556.40 2,267,726.34
335,088.00 335,088.00 335,088.00
357,321.88 394,407.23 435,513.88
2,610,058.42 2,795,051.63 3,038,328.22
- - -
2,610,058.42 2,795,051.63 3,038,328.22

2,610,058.42 2,795,051.63 3,038,328.22

267,548.97 287,760.74 308,281.24
2,877,607.39 3,082,812.37 3,346,609.46
(287,760.74) (308,281.24) (334,660.95)
2,589,846.65 2,774,531.14 3,011,948.51
 ANNUAL SALES REVENUE
2019
PRODUCT DEMAND SELLING PRICE DAILY MONTHLY YEARLY
Explosion Box:
3x3 15 ₱124 ₱1,858 ₱48,298 ₱579,572
4x4 10 ₱158 ₱1,585 ₱41,203 ₱494,437
5x5 10 ₱193 ₱1,933 ₱50,251 ₱603,013
6x6 10 ₱228 ₱2,277 ₱59,212 ₱710,549
Bookmarks 25 ₱22 ₱556 ₱8,346 ₱100,156
Greeting Cards 30 ₱26 ₱793 ₱11,898 ₱142,776
Invitations 30 ₱23 ₱698 ₱10,476 ₱125,712
Scrapbook 30 ₱167 ₱4,996 ₱74,943 ₱899,316
Total ₱14,697 ₱304,628 ₱3,655,532

ANNUAL SALES REVENUE

2020
PRODUCT DEMAND SELLING PRICE DAILY MONTHLY YEARLY
Explosion Box:
3x3 17 ₱124 ₱2,043 ₱53,127 ₱637,529
4x4 11 ₱158 ₱1,743 ₱45,323 ₱543,881
5x5 11 ₱193 ₱2,126 ₱55,276 ₱663,314
6x6 11 ₱228 ₱2,505 ₱65,134 ₱781,604
Bookmarks 28 ₱22 ₱612 ₱9,181 ₱110,172
Greeting Cards 33 ₱26 ₱873 ₱13,088 ₱157,054
Invitations 33 ₱23 ₱768 ₱11,524 ₱138,284
Scrapbook 33 ₱167 ₱5,496 ₱82,437 ₱989,248
Total ₱16,166 ₱335,090 ₱4,021,085

ANNUAL SALES REVENUE

2021
PRODUCT DEMAND SELLING PRICE DAILY MONTHLY YEARLY
Explosion Box:
3x3 18 ₱124 ₱2,248 ₱58,440 ₱701,282
4x4 12 ₱158 ₱1,918 ₱49,856 ₱598,269
5x5 12 ₱193 ₱2,339 ₱60,804 ₱729,646
6x6 12 ₱228 ₱2,756 ₱71,647 ₱859,764
Bookmarks 30 ₱22 ₱673 ₱10,099 ₱121,189
Greeting Cards 36 ₱26 ₱960 ₱14,397 ₱172,759
Invitations 36 ₱23 ₱845 ₱12,676 ₱152,112
Scrapbook 36 ₱167 ₱6,045 ₱90,681 ₱1,088,173
Total ₱17,783 ₱368,599 ₱4,423,194

ANNUAL SALES REVENUE

 2022
PRODUCT DEMAND SELLING PRICE DAILY MONTHLY YEARLY
Explosion Box:
3x3 20 ₱124 ₱2,472 ₱64,284 ₱771,410
4x4 13 ₱158 ₱2,109 ₱54,841 ₱658,096
5x5 13 ₱193 ₱2,572 ₱66,884 ₱802,610
6x6 13 ₱228 ₱3,031 ₱78,812 ₱945,741
Bookmarks 33 ₱22 ₱741 ₱11,109 ₱133,308
Greeting Cards 40 ₱26 ₱1,056 ₱15,836 ₱190,035
Invitations 40 ₱23 ₱930 ₱13,944 ₱167,323
Scrapbook 40 ₱167 ₱6,650 ₱99,749 ₱1,196,990
Total ₱19,561 ₱405,459 ₱4,865,513

ANNUAL SALES REVENUE

2023
PRODUCT DEMAND SELLING PRICE DAILY MONTHLY YEARLY
Explosion Box:
3x3 22 ₱124 ₱2,720 ₱70,713 ₱848,551
4x4 15 ₱158 ₱2,320 ₱60,325 ₱723,905
5x5 15 ₱193 ₱2,830 ₱73,573 ₱882,871
6x6 15 ₱228 ₱3,334 ₱86,693 ₱1,040,315
Bookmarks 37 ₱22 ₱815 ₱12,220 ₱146,639
Greeting Cards 44 ₱26 ₱1,161 ₱17,420 ₱209,039
Invitations 44 ₱23 ₱1,023 ₱15,338 ₱184,055
Scrapbook 44 ₱167 ₱7,315 ₱109,724 ₱1,316,689
Total ₱21,517 ₱446,005 ₱5,352,065
Trade Discount Annual Sales

₱2,318 ₱577,253
₱1,978 ₱492,459
₱2,412 ₱600,601
₱2,842 ₱707,707
₱401 ₱99,756
₱571 ₱142,205
₱503 ₱125,210
₱3,597 ₱895,719
₱14,622 ₱3,640,910

Trade Discount Annual Sales

₱2,550 ₱634,979
₱2,176 ₱541,705
₱2,653 ₱660,661
₱3,126 ₱778,478
₱441 ₱109,731
₱628 ₱156,426
₱553 ₱137,730
₱3,957 ₱985,291
₱16,084 ₱4,005,001

Trade Discount Annual Sales

₱2,805 ₱698,476
₱2,393 ₱595,876
₱2,919 ₱726,727
₱3,439 ₱856,325
₱485 ₱120,705
₱691 ₱172,068
₱608 ₱151,504
₱4,353 ₱1,083,820
₱17,693 ₱4,405,501
Trade Discount Annual Sales

₱3,086 ₱768,324
₱2,632 ₱655,463
₱3,210 ₱799,400
₱3,783 ₱941,958
₱533 ₱132,775
₱760 ₱189,275
₱669 ₱166,654
₱4,788 ₱1,192,202
₱19,462 ₱4,846,051

Trade Discount Annual Sales

₱3,394 ₱845,156
₱2,896 ₱721,010
₱3,531 ₱879,340
₱4,161 ₱1,036,154
₱587 ₱146,053
₱836 ₱208,203
₱736 ₱183,319
₱5,267 ₱1,311,422
₱21,408 ₱5,330,656
 CRAFTING GEEK
Comparative Statement of Income
For the Year 2019-2023
Pre operating 2019
Sales ₱3,640,910
Cost of Sales 1 (2,229,799)
Gross Profit ₱1,411,111
Operating Expenses
Salaries Expense ₱167,544
SSS Contribution 12,376
Pag-IBIG Contribution 3,351
PhilHealth Contribution 2,304
Rent Expense 120,000
Utilities Expense 2 48,009
Permits & Licenses 3 ₱6,686
Advertising Expense 1,940
13th Month Pay 41,886
Office Supplies Expense 4 10,357
Cleaning Supplies Expense 5 4,248
Maintenance Supplies Expense 6 2,471
Depreciation Expense- Furniture and 7 4,547
Depreciation Expense- Office Equipm 7 8,120
Amortization of Leasehold Improvem 7 2,258
Total Operating Expenses ₱8,626 ₱427,470
Net Income/(Loss) Before Tax ₱(8,626) ₱983,641
Income Tax (295,092)
Net Income/Net Loss ₱(8,626) ₱688,549

14,925
ING GEEK
atement of Income
ar 2019-2023
2020 2021 2022 2023
₱4,005,001 ₱4,405,501 ₱4,846,051 ₱5,330,656
(2,407,941) (2,589,847) (2,774,531) (3,011,949)
₱1,597,060 ₱1,815,654 ₱2,071,520 ₱2,318,708

₱167,544 ₱167,544 ₱167,544 ₱167,544

12,376 12,376 12,376 12,376
3,351 3,351 3,351 3,351
2,304 2,304 2,304 2,304
120,000 120,000 120,000 120,000
51,610 55,611 60,057 64,996
4,566 4,566 4,566 4,566
- - - -
41,886 41,886 41,886 41,886
13,221 31,585 37,170 43,730
4,950 5,819 6,846 8,054
2,879 3,384 3,981 4,684
4,547 4,547 4,547 4,547
8,120 8,120 8,120 8,120
2,258 2,258 2,258 2,258
₱439,611 ₱463,351 ₱475,004 ₱488,415
₱1,157,449 ₱1,352,304 ₱1,596,516 ₱1,830,293
(347,235) (405,691) (478,955) (549,088)
₱810,214 ₱946,612 ₱1,117,561 ₱1,281,205
 7
DEPRECIATION EXPENSE
Total Useful life Depreciation/Amortization Expense
Furnitures and Fixtures ₱45,467.00 10 ₱4,546.70
Office Equipment ₱40,599.00 5 ₱8,119.80
Store Equipment ₱29,258.00 5 ₱5,851.60
Store Tools ₱3,405.00 5 ₱681.00
Leasehold Improvements ₱22,584.00 10 ₱2,258.40
3 21457.5
LICENSES AND PERMIT EXPENSE
2019 2020 2021 2022
SEC ₱2,120.00
BIR 515.00 515.00 515.00 515.00
Mayor's Permit 4,051.00 4,051.00 4,051.00 4,051.00
TOTAL ₱6,686.00 ₱4,566.00 ₱4,566.00 ₱4,566.00
2
UTILITIES EXPENSE
2019 2020 2021 2022
Meralco ₱25,208.80 ₱28,009.78 ₱31,121.98 ₱34,579.97
Maynilad 7,200.00 ₱8,000.00 ₱8,888.89 ₱9,876.54
PLDT 15,600.00 15,600.00 15,600.00 15,600.00
TOTAL ₱48,008.80 ₱51,609.78 ₱55,610.86 ₱60,056.52
4
5

Office Supplies
2019 2020 2021 2022
Office Supplies Beg. ₱0.00 ₱1,150.80 ₱1,468.96 ₱1,739.70
Office Supplies ₱11,508.00 ₱13,538.82 ₱15,928.03 ₱18,738.86
Office Supplies Available for Use ₱11,508.00 ₱14,689.62 ₱17,396.99 ₱20,478.56
Office Supplies End (1,150.80) (1,468.96) (1,739.70) (2,047.86)
Office Supplies Used 10,357.20 13,220.66 31,585.32 37,169.56

CLEANING SUPPLIES EXPENSE

2019 2020 2021 2022
Cleaning Supplies Beg. 472 602.49411765 713.536609
Cleaning Supplies ₱4,720.00 ₱5,552.94 ₱6,532.87 ₱7,685.73
Cleaning Supplies Available for ₱4,720.00 ₱6,024.94 ₱7,135.37 ₱8,399.27
Cleaning Supplies End (472.00) (602.49) (713.54) (839.93)
Cleaning Supplies Used 4,248.00 4,950.45 5,819.34 6,845.80

MAINTENANCE SUPPLIES EXPENSE

 2019 2020 2021 2022
Maintenance Supplies Beg. 274.5 350.39117647 414.96991349
Maintenance Supplies ₱2,745.00 ₱3,229.41 ₱3,799.31 ₱4,469.77
Maintenance Supplies Available ₱2,745.00 ₱3,503.91 ₱4,149.70 ₱4,884.74
Maintenance Supplies End (274.50) (350.39) (414.97) (488.47)
Maintenance Supplies Used 2,470.50 2,879.02 3,384.34 3,981.30

2019 2020 2021 2022

Salaries Expense 167,544 167,544 167,544 167,544

2019 2020 2021 2022

Rent Expense 120,000 120,000 120,000 120,000

2019 2020 2021 2022

13th Month Pay 41,886 41,886 41,886 41,886

2019 2020 2021 2022

Yearly SSS Premium- ER ₱12,375.60 ₱12,375.60 ₱12,375.60 ₱12,375.60

2019 2020 2021 2022

Yearly PhilHealth Premium- ER ₱2,303.73 ₱2,303.73 ₱2,303.73 ₱2,303.73

2019 2020 2021 2022

Yearly PAG-IBIG Premium- ER ₱10,052.64 ₱10,052.64 ₱10,052.64 ₱10,052.64

STORE SUPPLIES
2019 2020 2021 2022
STORE Supplies Beg. ₱34,810.21 ₱37,183.45 ₱40,965.93
Store Supplies ₱348,102.14 ₱337,024.33 ₱372,475.88 ₱411,760.72
Store Supplies Available for Use ₱348,102.14 ₱371,834.54 ₱409,659.33 ₱452,726.65
Store Supplies End (34,810.21) (37,183.45) (40,965.93) (45,272.67)
Store Supplies Used 313,291.93 334,651.09 368,693.40 407,453.99
tization Expense

2023

515.00
4,051.00
₱4,566.00 #REF!

2023
₱38,422.19
₱10,973.94
15,600.00
₱64,996.13

2023
₱2,047.86
₱22,045.71
₱24,093.57
(2,409.36)
43,729.92

2023
839.92683411
₱9,042.04
₱9,881.96
(988.20)
8,053.84
 2023
488.47439823
₱5,258.56
₱5,747.03
(574.70)
4,683.85

2023
167,544

2023
120,000

2023
41,886

2023
₱12,375.60

2023
₱2,303.73

2023
₱10,052.64

2023
₱45,272.67
₱455,300.21
₱500,572.87
(50,057.29)
450,515.59
 CRAFTING GEEK
Comparative Statement of Partner's Equity
FOR THE YEAR ENDED DECEMBER 31, 2019-2023
Pre-Operating
Bugay David Dichosa
Original Investments ₱150,000.00 ₱150,000.00 ₱150,000.00
Add: Additional Investment - - -
TOTAL 150,000.00 150,000.00 150,000.00
Add: Net Profit/Loss !(2,156.50!) !(2,156.50!) !(2,156.50!)
Balances 147,843.50 147,843.50 147,843.50
Less: Withdrawals
TOTAL ₱147,843.50 ₱147,843.50 ₱147,843.50
Bugay David Dichosa
Original Investments ₱147,843.50 ₱147,843.50 ₱147,843.50
Add: Additional Investment - - -
TOTAL 147,843.50 147,843.50 147,843.50
Add: Net Profit/Loss 172,137.17 172,137.17 172,137.17
Balances 319,980.67 319,980.67 319,980.67
Less: Withdrawals 17,213.72 17,213.72 17,213.72
TOTAL ₱302,766.96 ₱302,766.96 ₱302,766.96

2020
Bugay David Dichosa
Beginning Capital ₱302,766.96 ₱302,766.96 ₱302,766.96
Add: Additional Investment - - -
TOTAL 302,766.96 302,766.96 302,766.96
Add: Net Profit/Loss 202,553.62 202,553.62 202,553.62
Balances 505,320.58 505,320.58 505,320.58
Less: Withdrawals 20,255.36 20,255.36 20,255.36
TOTAL ₱485,065.21 ₱485,065.21 ₱485,065.21

2021
Bugay David Dichosa
Beginning Capital ₱485,065.21 ₱485,065.21 ₱485,065.21
Add: Additional Investment - - -
TOTAL 485,065.21 485,065.21 485,065.21
Add: Net Profit/Loss 236,653.11 236,653.11 236,653.11
Balances 721,718.33 721,718.33 721,718.33
Less: Withdrawals 23,665.31 23,665.31 23,665.31
TOTAL ₱698,053.02 ₱698,053.02 ₱698,053.02

2022
Bugay David Dichosa
Beginning Capital ₱698,053.02 ₱698,053.02 ₱698,053.02
Add: Additional Investment - - -
TOTAL 698,053.02 698,053.02 698,053.02
Add: Net Profit/Loss 279,390.27 279,390.27 279,390.27
Balances 977,443.29 977,443.29 977,443.29
Less: Withdrawals 27,939.03 27,939.03 27,939.03
TOTAL ₱949,504.26 ₱949,504.26 ₱949,504.26

2023
Bugay David Dichosa
Beginning Capital ₱949,504.26 ₱949,504.26 ₱949,504.26
Add: Additional Investment - - -
TOTAL 949,504.26 949,504.26 949,504.26
Add: Net Profit/Loss 320,301.27 320,301.27 320,301.27
Balances 1,269,805.53 1,269,805.53 1,269,805.53
Less: Withdrawals 32,030.13 32,030.13 32,030.13
TOTAL ₱1,237,775.41 ₱1,237,775.41 ₱1,237,775.41
s Equity
2019-2023

Villaruel TOTAL
₱150,000.00 ₱600,000.00
- -
150,000.00 600,000.00
!(2,156.50!) !(8,626.00!)
147,843.50 591,374.00

₱147,843.50 ₱591,374.00
Villaruel TOTAL
₱147,843.50 ₱591,374.00
- -
147,843.50 591,374.00
172,137.17 688,548.69
319,980.67 1,279,922.69
17,213.72 68,854.87
₱302,766.96 ₱1,211,067.83

Villaruel TOTAL
₱302,766.96 ₱1,211,067.83
- -
302,766.96 1,211,067.83
202,553.62 810,214.48
505,320.58 2,021,282.31
20,255.36 81,021.45
₱485,065.21 ₱1,940,260.86

Villaruel TOTAL
₱485,065.21 ₱1,940,260.86
- -
485,065.21 1,940,260.86
236,653.11 946,612.46
721,718.33 2,886,873.31
23,665.31 94,661.25
₱698,053.02 ₱2,792,212.07

Villaruel TOTAL
 ₱698,053.02 ₱2,792,212.07
- -
698,053.02 2,792,212.07
279,390.27 1,117,561.07
977,443.29 3,909,773.14
27,939.03 111,756.11
₱949,504.26 ₱3,798,017.04

Villaruel TOTAL
₱949,504.26 ₱3,798,017.04
- -
949,504.26 3,798,017.04
320,301.27 1,281,205.10
1,269,805.53 5,079,222.13
32,030.13 128,120.51
₱1,237,775.41 ₱4,951,101.62
 CRAFTING GEEK
Comparative Statement of Financial Position
For the Year 2019-2023
Pre-Operating 2019
Current Assets
Cash ₱220,916 ₱730,782
Prepaid Rent 30,000 0
Office Supplies 11,508 1,151
Store Supplies 8 12,576 34,810
Maintenance Supplies 2,745 275
Cleaning Supplies 4,720 472
Raw Materials 167,596 201,115
Finished Goods 247,755
Total Current Assets ₱450,061 ₱1,216,361
Non-current Assets
Furniture and Fixtures 9 ₱45,467 ₱45,467
Less: Accumulated Depreciation-Furniture and Fixtures 9 -4,547
Office Equipment 9 40,599 40,599
Less: Accumulated Depreciation-Equipment 9 -8,120
Store Equipment 9 29,258 29,258
Less: Accumulated Depreciation-Store Equipment 9 -5,852
Leasehold Improvements 9 22,584 22,584
Less: Amortization 9 -2,258
Store Tools 9 3,405 3,405
Less: Accumulated Depreciation-Store Tools 9 0 -681
Total Non-Current Asset ₱141,313 ₱119,856
TOTAL ASSETS ₱591,374 ₱1,336,216
LIABILITIES & EQUITY
SSS Payable 10 ₱1,540
Philhealth payable 11 384
Pag-ibig payable 12 558
VAT Payable 13 48,893
Income tax Payable 14 73,773
Total Liabilities ₱125,148
Bugay, Capital ₱147,844 ₱302,767
David, Capital 147,844 302,767
Dichosa, Capital 147,844 302,767
Villaruel, Capital 147,844 302,767
TOTAL CAPITAL ₱591,374 ₱1,211,068
Total Liabilities and Equity ₱591,374 ₱1,336,216

PHP - PHP -
K
nancial Position
2023
2020 2021 2022 2023

₱1,494,692 ₱2,348,649 ₱3,361,241 ₱4,507,384

0 0 0 0
1,469 1,740 2,048 2,409
37,183 40,966 45,273 50,057
350 415 488 575
602 714 840 988
196,532 213,072 229,506 251,970
267,549 287,761 308,281 334,661
₱1,998,378 ₱2,893,316 ₱3,947,677 ₱5,148,045

₱45,467 ₱45,467 ₱45,467 ₱45,467

-9,093 -13,640 -18,187 -22,734
40,599 40,599 40,599 40,599
-16,240 -24,359 -32,479 -40,599
29,258 29,258 29,258 29,258
-11,703 -17,555 -23,406 -29,258
22,584 22,584 22,584 22,584
-4,517 -6,775 -9,034 -11,292
3,405 3,405 3,405 3,405
-1,362 -2,043 -2,724 -3,405
₱98,398 ₱76,941 ₱55,483 ₱34,026
₱2,096,776 ₱2,970,257 ₱4,003,160 ₱5,182,070

₱1,540 ₱1,540 ₱1,540 ₱1,540

384 384 384 384
558 558 558 558
67,224 74,139 82,922 91,214
86,809 101,423 119,739 137,272
₱156,515 ₱178,045 ₱205,143 ₱230,968
₱485,065 ₱698,053 ₱949,504 ₱1,237,775
485,065 698,053 949,504 1,237,775
485,065 698,053 949,504 1,237,775
485,065 698,053 949,504 1,237,775
₱1,940,261 ₱2,792,212 ₱3,798,017 ₱4,951,102
₱2,096,776 ₱2,970,257 ₱4,003,160 ₱5,182,070

PHP - PHP - PHP - PHP -

 9
Depreciation
Total Useful life Depreciation Expense
Furnitures and Fixtures 45,467.00 10 4546.7
Office Equipment 40,599.00 5 8119.8
Store Equipment 29,258.00 5 5851.6
Store Tools 3,405.00 5 681
Leasehold Improvements ₱22,584.00 10 ₱2,258.40
21457.5
Opening 2019 2020
Furnitures and Fixtures 45,467.00 45,467.00 45,467.00
Less: Accumulated Depreciati - 4,546.70 9,093.40
Carrying Amount 45,467.00 40,920.30 36,373.60

Office Equipment 40,599.00 40,599.00 40,599.00

Less: Accumulated Depreciati - 8,119.80 16,239.60
Carrying Amount 40,599.00 32,479.20 24,359.40

Store Equipment 29,258.00 29,258.00 29,258.00

Less: Accumulated Depreciati - 5,851.60 11,703.20
Carrying Amount 29,258.00 23,406.40 17,554.80

Leasehold Improvements 45,467.00 45,467.00 45,467.00

Less: Accumulated Depreciati - 2,258.40 4,516.80
Carrying Amount 45,467.00 43,208.60 40,950.20

Store Tools 3,405.00 3,405.00 3,405.00

Less: Accumulated Depreciati - 681.00 1,362.00
Carrying Amount 3,405.00 2,724.00 2,043.00
14
INCOME TAX PAYABLE
2019 2020 2021
Income Tax ₱295,092.30 ₱347,234.78 ₱405,691.05
Previous Payable 73,773.07 86,808.69
Payment 221,319.22 334,199.16 391,076.98
Year End Payable ₱73,773.07 ₱86,808.69 ₱101,422.76

13
10
SSS Contribution
2019 2020 2021
Yearly SSS Premium- ER ₱12,375.60 ₱12,375.60 ₱12,375.60
Yearly SSS Premium- EE 6,104.40 6,104.40 6,104.40
Total SSS Premium 18,480.00 18,480.00 18,480.00
Previous Payable - 1,540.00 1,540.00
Less: Payment 16,940.00 16,940.00 16,940.00
Year-end Payable ₱1,540.00 ₱1,540.00 ₱1,540.00

11
PhilHealth Contributions
2019 2020 2021
Yearly PhilHealth Premium- ₱2,303.73 ₱2,303.73 ₱2,303.73
Yearly PhilHealth Premium- ₱2,303.73 ₱2,303.73 ₱2,303.73
Total PhilHealth Premium 4,607.46 4,607.46 4,607.46
Previous Payable - 383.96 383.96
Payment 4,223.51 4,223.51 4,223.51
Year-end Payable ₱383.96 ₱383.96 ₱383.96
12
Pag-Ibig Contributions
2019 2020 2021
Yearly PAG-IBIG Premium- E ₱3,350.88 ₱3,350.88 ₱3,350.88
Yearly PAG-IBIG Premium- EE ₱3,350.88 ₱3,350.88 ₱3,350.88
Total PAG-IBIG Premium 6,701.76 6,701.76 6,701.76
Payment 6,143.28 6,143.28 6,143.28
Previous Payable - 558.48 558.48
Year-end Payable ₱558.48 ₱558.48 ₱558.48

STORE SUPPLIES
2020 2021 2022
STORE Supplies Beg. ₱34,810.21 ₱37,183.45
Store Supplies ₱348,102.14 ₱337,024.33 ₱372,475.88
Store Supplies Available for U ₱348,102.14 ₱371,834.54 ₱409,659.33
Store Supplies End (34,810.21) (37,183.45) (40,965.93)
Store Supplies Used 313,291.93 334,651.09 368,693.40

Office Supplies
2020 2021 2022
Office Supplies Beg. ₱0.00 ₱1,150.80 ₱1,468.96
Office Supplies ₱11,508.00 ₱13,538.82 ₱15,928.03
Office Supplies Available for ₱11,508.00 ₱14,689.62 ₱17,396.99
Office Supplies End (1,150.80) (1,468.96) (1,739.70)
Office Supplies Used 10,357.20 13,220.66 31,585.32

CLEANING SUPPLIES
 2020 2021 2022
Cleaning Supplies Beg. 472 602.49411764706
Cleaning Supplies ₱4,720.00 ₱5,552.94 ₱6,532.87
Cleaning Supplies Available fo ₱4,720.00 ₱6,024.94 ₱7,135.37
Cleaning Supplies End (472.00) (602.49) (713.54)
Cleaning Supplies Used 4,248.00 4,950.45 5,819.34

MAINTENANCE SUPPLIES
2019 2020 2021
Maintenance Supplies Beg. 274.5 350.39117647059
Maintenance Supplies ₱2,745.00 ₱3,229.41 ₱3,799.31
Maintenance Supplies Availab ₱2,745.00 ₱3,503.91 ₱4,149.70
Maintenance Supplies End (274.50) (350.39) (414.97)
Maintenance Supplies Used 2,470.50 2,879.02 3,384.34

Sales 3640910.025 4005001.027155 4405501.129871

Output Vat 436909.203 480600.1232587 528660.13558452

Purchases 2011153.316 1764203.39283 1934188.732113

Input Vat 241338.398 211704.4071396 232102.64785356

VAT PAYABLE
2019 2020 2021
VAT Payable 195570.805 268895.7161191 296557.48773096
Previous Payable 48892.70125176 67223.929029763
Payment 146678.1038 250564.4883411 289642.04482798
Year End Payable 48892.70125 67223.92902976 74139.37193274
ion
tion Expense

2021 2022 2023

45,467.00 45,467.00 45,467.00
13,640.10 18,186.80 22,733.50
31,826.90 27,280.20 22,733.50

40,599.00 40,599.00 40,599.00

24,359.40 32,479.20 40,599.00
16,239.60 8,119.80 -

29,258.00 29,258.00 29,258.00

17,554.80 23,406.40 29,258.00
11,703.20 5,851.60 -

45,467.00 45,467.00 45,467.00

6,775.20 9,033.60 11,292.00
38,691.80 36,433.40 34,175.00

3,405.00 3,405.00 3,405.00

2,043.00 2,724.00 3,405.00
1,362.00 681.00 -

2022 2023
₱478,954.75 ₱549,087.90
101,422.76 119,738.69
460,638.82 531,554.61
₱119,738.69 ₱137,271.97

2022 2023
₱12,375.60 ₱12,375.60
 6,104.40 6,104.40
18,480.00 18,480.00
1,540.00 1,540.00
16,940.00 16,940.00
₱1,540.00 ₱1,540.00

s
2022 2023
₱2,303.73 ₱2,303.73
₱2,303.73 ₱2,303.73
4,607.46 4,607.46
383.96 383.96
4,223.51 4,223.51
₱383.96 ₱383.96

2022 2023
₱3,350.88 ₱3,350.88
₱3,350.88 ₱3,350.88
6,701.76 6,701.76
6,143.28 6,143.28
558.48 558.48
₱558.48 ₱558.48

2023 2024
₱40,965.93 ₱45,272.67
₱411,760.72 ₱455,300.21
₱452,726.65 ₱500,572.87
(45,272.67) (50,057.29)
407,453.99 450,515.59

2023 2024
₱1,739.70 ₱2,047.86
₱18,738.86 ₱22,045.71
₱20,478.56 ₱24,093.57
(2,047.86) (2,409.36)
37,169.56 43,729.92
 2023 2024
713.5366089965 839.9268341136
₱7,685.73 ₱9,042.04
₱8,399.27 ₱9,881.96
(839.93) (988.20)
6,845.80 8,053.84

S
2022 2023
414.9699134948 488.4743982292
₱4,469.77 ₱5,258.56
₱4,884.74 ₱5,747.03
(488.47) (574.70)
3,981.30 4,683.85

4846051.242858 5330656.367144
581526.149143 639678.7640573

2081990.605324 2290189.665857
249838.8726389 274822.7599028

2022 2023
331687.2765041 364856.0041545
74139.37193274 82921.81912601
322904.8293108 356563.8222419
82921.81912601 91214.00103862
 Pre-Operating
Cash Flow From Operating Activities:
Net Income/Net Loss ₱(8,626)
Add: Depreciation expense
Increase/Decrease in Prepaid Rent (30,000)
Increase/Decrease in Office Supplies (11,508)
Increase/Decrease in Store Supplies (12,576)
Increase/Decrease in Cleaning Supplies (4,720)
Increase/Decrease in Maintenance Supplies (2,745)
Increase/Decrease in Raw Materials Inventory (167,596)
Increase/Decrease in Finished Goods Inventory
Increase/Decrease in Salaries Payable
Increase/Decrease in PhilHealth Payable
Increase/Decrease in Pag-ibig Payable
Increase/Decrease in VAT Payable
Increase/Decrease in Income Tax Payable
Cash Provided (Used) by Operating Activities ₱(237,771)
Payment for Furniture and Fixtures (45,467)
Payment for Office equipment (40,599)
Payment for Leasehold Improvements (22,584)
Payment for Store Tools (3,405)
Payment for Store equipment (29,258)
Cash Provided (Used) by Investing Activities ₱(141,313)
Contribution 600,000
Withdrawals
Cash Provided (Used) by Financing Activities ₱600,000
Cash Beginning
Net Increase/Decrease in Cash ₱220,916
Cash Balance Ending ₱220,916

-379084.109691232 -237,771
-141,313

-379,084
Contribution

PROJECTED COST AND EXPENSES

Store Tools 5
Office Equipment 6
Furniture and Fixtures 9
Store Equipment 10
Leasehold Improvements 13
Total -

141,313
2019 2020 2021 2022 2023

₱688,549 ₱810,214 ₱946,612 ₱1,117,561 ₱1,281,205

21,458 21,458 21,458 21,458 21,458
30,000 0 0 0 0
10,357 (318) (271) (308) (362)
(22,234) (2,373) (3,782) (4,307) (4,785)
4,248 (130) (111) (126) (148)
2,471 (76) (65) (74) (86)
(33,519) 4,583 (16,540) (16,434) (22,463)
(247,755) (19,793) (20,212) (20,520) (26,380)
1,540 0 0 0 0
384 0 0 0 0
558 0 0 0 0
48,893 18,331 6,915 8,782 8,292
73,773 13,036 14,614 18,316 17,533
₱578,721 ₱844,931 ₱948,619 ₱1,124,347 ₱1,274,264

(68,855) (81,021) (94,661) (111,756) (128,121)

₱(68,855) ₱(81,021) ₱(94,661) ₱(111,756) ₱(128,121)
₱220,916 ₱730,782 ₱1,494,692 ₱2,348,649 ₱3,361,241
509,866 763,910 853,957 1,012,591 1,146,144
₱730,782 ₱1,494,692 ₱2,348,649 ₱3,361,241 ₱4,507,384

3,405.00
 40,599.00
45,467.00
29,258.00
22,584.00 226669.890308768
₱373,330.11
oi
 E

SSS
Employee Gross Monthly SalaryGross Annual Salary
ER
Cashier ₱13,962.00 ₱167,544.00 ₱1,031.30
Crafts Designer 1 13,962.00 167,544.00 1,031.30
Crafts Designer 2 13,962.00 167,544.00 1,031.30
TOTAL ₱41,886.00 ₱502,632.00 ₱3,093.90

467354.97 EMPLOYEE BENEFITS

2019-2023
Employee Uniform Allowanace
Cashier
Crafts Designer 1
Crafts Designer 2
TOAL
 EMPLOYER-EMPLOYEE CONTRIBUTION
2019-2023
SSS PHILHEALTH PAG-IBIG
EE TMC ER EE TMC ER
₱508.70 ₱1,540.00 ₱191.98 ₱191.98 ₱383.96 ₱279.24
508.70 1,540.00 191.98 ₱191.98 383.96 279.24
508.70 1,540.00 191.98 ₱191.98 383.96 279.24
₱1,526.10 ₱4,620.00 ₱575.93 ₱575.93 ₱1,151.87 ₱837.72

YEE BENEFITS
19-2023
13 Month Pay Total
₱13,962.00 ₱13,962.00
13,962.00 13,962.00
13,962.00 13,962.00 95.98875 0.0125
₱41,886.00 ₱41,886.00

174.525
PAG-IBIG TOTAL
EE TMC ER EE
₱279.24 ₱558.48 ₱1,502.52 ₱979.92 ₱2,482.44 29789.22
279.24 558.48 1,502.52 979.92 ₱2,482.44 29789.22
279.24 558.48 1,502.52 979.92 ₱2,482.44 29789.22
₱837.72 ₱1,675.44 ₱4,507.55 ₱2,939.75
 LIQUIDITY RATIO
2019 2020 2021
Current Assets ₱1,216,360.54 ₱1,998,377.92 ₱2,893,316.14
Current Liabilities 125,148.21 156,515.06 178,044.57
Current Ratio 9.72 12.77 16.25
Cash ₱730,782.20 ₱1,494,691.77 ₱2,348,649.20
Current Liabilites 125,148.21 156,515.06 178,044.57
Acid-test Ratio 5.84 9.55 13.19
Cost of Goods Sold ₱2,229,799.42 ₱2,407,940.75 ₱2,589,846.65
Average Inventory 201,115.33 198,823.60 204,801.97
Inventory Turnover 11.09 12.11 12.65

PROFITABILITY RATIO
2019 2020 2021
Net Income ₱688,548.69 ₱810,214.48 ₱946,612.46
Net sales 3,640,910.02 4,005,001.03 4,405,501.13
Return on Sales 0.19 0.20 0.21
Net Sales ₱3,640,910.02 ₱4,005,001.03 ₱4,405,501.13
Average Assets 591,374.00 1,336,216.04 2,096,775.92
Asset Turnover 6.16 3.00 2.10
Net Income ₱688,548.69 ₱810,214.48 ₱946,612.46
Average Assets 591,374.00 1,336,216.04 2,096,775.92
Return on Assets 1.16 0.61 0.45

SOLVENCY RATIO
2019 2020 2021
Total Debt ₱125,148.21 ₱156,515.06 ₱178,044.57
Total Assets 1,336,216.04 2,096,775.92 2,970,256.64
Debt to Total Assets 0.09 0.07 0.06
Total Equity ₱1,211,067.83 ₱1,940,260.86 ₱2,792,212.07
Total Assets 1,336,216.04 2,096,775.92 2,970,256.64
Equity Ratio 0.91 0.93 0.94
 2022 2023
₱3,947,676.98 ₱5,148,044.53
205,142.94 230,968.41
19.24 22.29
₱3,361,240.55 ₱4,507,384.45
205,142.94 230,968.41
16.38 19.52
₱2,774,531.14 ₱3,011,948.51
221,289.16 240,737.93
12.54 12.51

2022 2023
₱1,117,561.07 ₱1,281,205.10
4,846,051.24 5,330,656.37
0.23 0.24
₱4,846,051.24 ₱5,330,656.37
2,970,256.64 4,003,159.98
1.63 1.33
₱1,117,561.07 ₱1,281,205.10
2,970,256.64 4,003,159.98
0.38 0.32

2022 2023
₱205,142.94 ₱230,968.41
4,003,159.98 5,182,070.03
0.05 0.04
₱3,798,017.04 ₱4,951,101.62
4,003,159.98 5,182,070.03
0.95 0.96
 Explosion Box
12
PCS
Cartolina 8
Scented Paper 3
3.33333333 Ribbon 3/yrd 5 5/9
Abaca Mat 32 1/3

DL 0.5
Double Sided
Glue stick

Bookmarks
1.66666667 60

Pastel Color Folder 5.3 39.75

Fabric Sticker 5 37.5
Sticker Paper 25 75
Yarn 8.5 8.5
160.75
DL
double sided tape
Greeting Cards

Pastel Color Folder

Specialty Paper
double sided

DL

Invitations

Specialty Paper
Ribbon

DL
 Scrapbook

4
Specialty Paper 160
Scented Paper 3 60
folder 21.2
yarn 8.5

DL
double sided
Glue stick

Direct Labor 306962.52

Explosion Box
3x3 11700 50195.1290566
4x4 7800 33463.41937107
5x5 7800 33463.41937107
6x6 7800 33463.41937107
Bookmarks 11700 50195.1290566
Greeting Cards 6750 28958.72830189
Invitations 11250 48264.54716981
Scrapbook 6750 28958.72830189
71550

Indirect Materials Double Sided Tape Electricity

3x3 120 11700
4x4 1.2 7800
5x5 1.6 7800
6x6 2 7800
Bookmarks 2.4
Greeting Cards 0.3 6750
Invitations 11250
Scrapbook 6 6750
Total 59850
0.044945697577

1576.09386 1631.2571451 1688.351145179

3152.18772 3262.5142902 3376.702290357 3494.88687052
 3x3 4x4 5x5
192 16 256 21.33333333 320
180 15 240 20 300
120 10 160 13.33333333 200
96 8 128 10.66666667 160

4.290181971 4.290181971
1.2 1.6
1.75 2.33333333

0.6625 0.125
0.625 0.125
1.25
0.14166666666667 0
2.67916666666667
4.2901819706499 8.88
0.6
Greeting Cards

2.65
2
0.6

4.65
4.2901819706499

2 2
1.67 1.67

3.67 3.67
4.2901819706499
 40 #REF!
15 #REF!
5.3 #REF!
2.125 #REF!
62.425 #REF!
4.2901819706499
6
7 #REF!

4.2901819706499
4.2901819706499
4.2901819706499
4.2901819706499
4.2901819706499
4.2901819706499
4.2901819706499
4.2901819706499

Ink

2690
2690

1747.44343525975 1808.60396 1808.603955

3617.20791098768
 6×6 CARTOLINA
26.66666667 384 32 3x3 2
25 360 30 4x4 2 2/3
16.66666667 240 20 5x5 3 1/3
13.33333333 192 16 6x6 4

4.290181971 0 4.290181971 Scented Paper

2 2.4 3x3 5
3 3.5 4x4 6 2/3
3x3 5x5 8 1/3
4x4 6x6 10
5x5 Scrapbook 5
6x6
Bookmarks
Greeting Cards ribbon
Invitations 3x3 3
Scrapbook 4x4 4 4/9
5x5 5 5/9
6x6 6
Invitations 1/2

0 Specialty Paper
Greeting Card 1
Invitations 1
Scrapbook 20

ABACA MAT
3x3 1/4
4x4 1/3
5x5 3/7
6x6 1/2

Pastel Color Folder

Bookmarks 1/8
Greeting Card 1/2

Fabric Sticker
Bookmarks 1/8

Sticker Paper
Bookmarks 1/8
 Yarn
Bookmarks 1/3
Scrapbook 5

folder
Scrapbook 1

double sided tape

1.2 3x3 1
1.6 4x4 1 1/3
2 13371.42857 5x5 1 2/3
2.4 14262.85714 6x6 2
0.6 Bookmarks 1/2
0.6 Greeting Card 1/2
6 Scrapbook 5

glue stick
1.75 3x3 1/4
2.333333333 4x4 1/3
3 5x5 3/7
3.5 6x6 1/2
7 Scrapbook 1

ink

ANNUAL PRODUCTION
2019
3x3 6,240
4x4 3,900
5x5 3,900
6x6 3,900
Bookmarks 5,625
Greeting Card 6,750
Invitations 6,750
Scrapbook 6,750
45,834

Cash register 400.00

Gold glitters 640.00
Mixed media 315.00
Washi tapes 180.00
Super thin ta 1,080.00
 Glitter card s 600.00
Colored pape 250.00
Assorted card 1,790.00
Packaging Sup 143,100.00
White card st 530.00
Ink 5,380.00
Total Indirect 348,102.14
Depreciation 5,851.60
Depreciation 681.00
Electricity 12,604.40
 8
6,686 106971.4286 5,720 91520 6,292 100672 6,921 110739.2
4,457 95085.71429 3,813 81351.1111111 4,195 89486.22222 4,614 98434.84444
4,457 118857.1429 3,813 101688.888889 4,195 111857.7778 4,614 123043.5556
4,457 142628.5714 3,813 122026.666667 4,195 134229.3333 4,614 147652.2667
463542.8571 396586.666667 436245.3333 479869.8667
3
6,686 100285.7143 6240 93600 6630 99450 6,921 103818
4,457 89142.85714 4290 85800 4680 93600 4,614 92282.66667
4,457 111428.5714 4290 107250 4680 117000 4,614 115353.3333
4,457 133714.2857 4290 128700 4680 140400 4,614 138424
7,714 115714.2857 6,600 99000 7,260 108900 7,986 119790
550285.7143 514350 559350 569668

3
6,686 66,857 5,720 57,200 6,292 62,920 6,921 69,212
4,457 66,032 3,813 56,494 4,195 62,143 4,614 68,358
4,457 82,540 3,813 70,617 4,195 77,679 4,614 85,447
4,457 89,143 3,813 76,267 4,195 83,893 4,614 92,283
7,714 12,857 6,600 11,000 7,260 12,100 7,986 13,310
317,429 271,578 298,736 328,609
2
7,714 15,429 6,600 13,200 7,260 14,520 7,986 15,972
7,714 15,429 6,600 13,200 7,260 14,520 7,986 15,972
7,714 308,571 6,600 264,000 7,260 290,400 7,986 319,440
339,429 290,400 319,440 351,384
32
6,686 53485.71 5,720 45760.00 6,292 50336.00 6,921 55369.60
4,457 47542.86 3,813 40675.56 4,195 44743.11 4,614 49217.42
4,457 61126.53 3,813 52297.14 4,195 57526.86 4,614 63279.54
4,457 71314.29 3,813 61013.33 4,195 67114.67 4,614 73826.13
233469.39 199746.03 219720.63 241692.70
5
6,429 4258.93 5,500 3643.75 6,050 4008.13 6,655 4408.94
7,714 20442.86 6,600 17490.00 7,260 19239.00 7,986 21162.90
24701.79 21133.75 23247.13 25571.84
5
6,429 4017.86 5,500 3437.50 6,050 3781.25 6,655 4159.38

25
6,429 20089.29 5,500 17187.50 6,050 18906.25 6,655 20796.88
 0.43
6,429 910.71 5,500 779.17 6,050 857.08 6,655 942.79
7,714 16392.86 6,600 14025.00 7,260 15427.50 7,986 16970.25
17303.57 14804.17 16284.58 17913.04
5.3
7,714 40885.71 6,600 34980.00 7,260 38478.00 7,986 42325.80

12 1.2
6,686 8022.86 5,720 6864.00 6,292 7550.40 6,921 8305.44
4,457 7131.43 3,813 6101.33 4,195 6711.47 4,614 7382.61
4,457 8914.29 3,813 7626.67 4,195 8389.33 4,614 9228.27
4,457 10697.14 3,813 9152.00 4,195 10067.20 4,614 11073.92
6,429 3857.14 5,500 3300.00 6,050 3630.00 6,655 3993.00
7,714 3857.14 6,600 3300.00 7,260 3630.00 7,986 3993.00
7,714 46285.71 6,600 39600.00 7,260 43560.00 7,986 47916.00
88765.71429 75944 83538.4 91892.24
7
6,686 11700.00 5,720 10010.00 6,292 11011.00 6,921 12112.10
4,457 10400.00 3,813 8897.78 4,195 9787.56 4,614 10766.31
4,457 13371.43 3,813 11440.00 4,195 12584.00 4,614 13842.40
4,457 15600.00 3,813 13346.67 4,195 14681.33 4,614 16149.47
7,714 54000.00 6,600 46200.00 7,260 50820.00 7,986 55902.00
105071.4286 89894.4444444 98883.88889 108772.2778

cash reg gold glitter

400 640
4680 23400.00 480.00
3120 15600.00 512.00
3120 15600.00 512.00
3120 15600.00 512.00
4500 13500.00 512.00
5400 16200.00 512.00
5400 16200.00 512.00
5400 27000.00 512.00
143100.00

0.01
0.01
0.01
0.00
0.02
0.01
0.01
0.04
3.21
0.01
0.12
7.81
0.13
0.02
0.28
7,613 121813.12
5,076 108278.3289
5,076 135347.9111
5,076 162417.4933
527856.8533

7,613 114199.8
5,076 101510.9333
5,076 126888.6667
5,076 152266.4
8,785 131769
626634.8

7,613 76,133
5,076 75,193
5,076 93,992
5,076 101,511
8,785 14,641
361,470

8,785 17,569
8,785 17,569
8,785 351,384
386,522

7,613 60906.56
5,076 54139.16
5,076 69607.50
5,076 81208.75
265861.97

7,321 4849.83
8,785 23279.19
28129.02

7,321 4575.31

7,321 22876.56
7,321 1037.07
8,785 18667.28
19704.35

8,785 46558.38

7,613 9135.98
5,076 8120.87
5,076 10151.09
5,076 12181.31
7,321 4392.30
8,785 4392.30
8,785 52707.60
101081.464

7,613 13323.31
5,076 11842.94
5,076 15226.64
5,076 17764.41
8,785 61492.20
119649.5056
 Explosion Box
12
3X3 4X4 5X5
Cartolina 16 21.33333333 26.66666667
Scented Paper 15 20 25
Ribbon 10 13.33333333 16.66666667
Abaca Mat 8 10.66666667 13.33333333
DL 4.290181971 4.290181971 4.290181971
Double Sided 1.2 1.6 2
Glue stick 1.75 2.33333333 3
Cash register paper r 0.01 0.01 0.01
Gold glitters 0.01 0.01 0.01
Mixed media powde 0.01 0.01 0.01
Washi tapes 0.00 0.00 0.00
Super thin tacky glu 0.02 0.02 0.02
Glitter card stock 0.01 0.01 0.01
Colored paper 0.01 0.01 0.01
Assorted card stock 0.04 0.04 0.04
Packaging Supplies 0.00 0.00 0.00
White card stock 0.01 0.01 0.01
Ink 0.12 0.12 0.12
Depreciation Expen 0.13 0.13 0.13
Depreciation Expens 0.02 0.02 0.02
Electricity 0.28 0.28 0.28
Packaging Supplies 5 5 5
61.92003453 79.2367012 96.6367012
 Bookmarks Greeting Cards
Pastel Color 0.6625 Pastel Color 2.65
6X6 Fabric Sticke 0.625 Specialty Pa 2
32 Sticker Pape 1.25 double sided 0.6
30 Yarn 0.141666667 DL 4.290181971
20 DL 4.290181971 Cash registe 0.01
16 double sided 0.6 Gold glitters 0.01
4.290181971 Cash registe 0.01 Mixed medi 0.01
2.4 Gold glitters 0.01 Washi tapes 0.00
3.5 Mixed medi 0.01 Super thin 0.02
0.01 Washi tapes 0.00 Glitter card 0.01
0.01 Super thin 0.02 Colored pap 0.01
0.01 Glitter card 0.01 Assorted ca 0.04
0.00 Colored pap 0.01 Packaging S 0.00
0.02 Assorted ca 0.04 White card 0.01
0.01 Packaging S 0.00 Ink 0.12
0.01 White card 0.01 Depreciatio 0.13
0.04 Depreciatio 0.13 Depreciatio 0.02
0.00 Depreciatio 0.02 Electricity 0.28
0.01 Electricity 0.28 Packaging Su 3
0.12 Packaging Su 3 13.22003453
0.13 11.12849607
0.02
0.28
5
113.8700345
 Invitations Scrapbook
DL 4.290181971 Specialty Pa 40
Specialty Pa 2 Scented Pap 15
Ribbon 1.67 folder 5.3
Cash registe 0.01 DL 4.290181971
Gold glitters 0.01 double sided 6
Mixed medi 0.01 Glue stick 7
Washi tapes 0.00 Cash registe 0.01
Super thin 0.02 Gold glitters 0.01
Glitter card 0.01 Mixed medi 0.01
Colored pap 0.01 Washi tapes 0.00
Assorted ca 0.04 Super thin 0.02
Packaging S 0.00 Glitter card 0.01
White card 0.01 Colored pap 0.01
Ink 0.12 Assorted ca 0.04
Depreciatio 0.13 Packaging S 0.00
Depreciatio 0.02 White card 0.01
Electricity 0.28 Ink 0.12
Packaging Su 3 Depreciatio 0.13
11.64003453 Depreciatio 0.02
Electricity 0.28
Packaging Su 5
83.27003453