TABLE 1

ESTIMATED PROJECT COSTS

PARTICULARS

1 Pre-Operating Expenses
2 Land
3 Buildings
4 Computer and internet equipment
5 Furniture, fixtures and office equipment
6 Maintenance equipment
7 Transportation equipment
8 Land Improvements
9 Working Capital

TOTAL ESTIMATED PROJECT COSTS

Amount

-
 TABLE 2

PRE-OPERATING EXPENSES

PARTICULARS

1 Cost of planning
2 BIR Registration
3 Mayor's Permit
4 DTI's Permit
5 SEC Registration
6 Professional fees (engineering design)
7 Professional fees (feasibility study)
8 Others

TOTAL PRE-OPERATING EXPENSES

Amount

-
FINANCIAL ASSUMPTIONS

[1] Pre-Operating Expenses

The above expenses will be amortized over a period of 5 years.

[2] Capitalization Policy

Expenditures with useful life beyond one year and whose amounts equal to or above Php 1
will be capitalized subject to depreciation policy.

[3] Depreciation Policy

Depreciation is computed using the straight-line method over the estimated useful lives of
the assets. The estimated useful lives are as follows:
Number of Years
Buildings 50
Building Improvements 10
Computer and internet equipment 3
Furniture, fixtures and office equipment 5
Maintenance equipment 5
Transportation equipment 10
Land improvements 10

[4] Loan Amortization

4.1 Management will obtain a (PHP _____________) loan from Land Bank of the Philipp

4.2 The prevailing interest rate is ____% per annum.

4.3 The loan will be paid equally over a period of ________ years.

4.4 The Transfer Certificate of Title No. ________ whose land area is ________square m

[5] Sales/Revenues

5.1 The number of clients/units is _____________ for Year 1, and it is expected to incr

5.2 The fee per client/ or selling price per client/unit is Php ______. The amount was
following:
5.2.1 The prevailing market price offered by competitors
5.2.2 The paying capacity of client/customers
5.2.3 The prevailing inflation rate of the country
 5.4 The fee per client/selling price per unit is expected to increase annually using th
during the past 5 years, 6% .

show details (http://www.tradingeconomics.com/philippines/infla

5.5 Percentage of sales collected in the current year 70%, and 30% in the year after

[6] Inventories

6.1 Management believes that an ending inventory equal to 20% of the next year's
the appropriate balance.

[7] Purchases

7.1 Percentage of purchases paid for in the current year of purchase is 70% and 30%
after purchase.

[8] Selling and Administrative Expenses

8.1 Salaries and Wages

8.1.1 The manager, cashier, and the bookkeeper will be paid on a monthly
Manager 7,500.00
Cashier 5,000.00
Bookkeeper 5,000.00
8.1.2 The other employees will be paid on a daily wage rate provided by DO
8.1.3 There are six (6) working days per week.
8.1.4 Employer's share on SSS, Pag-ibig, and Philhealth will be computed u
by the agencies.
8.1.5 13th Month Pay will be based on the gross basic compensation during
8.1.6 Salaries & Wages are expected to increase using the average inflation

8.2 Advertising through radio and print materials.

Radio Advertisement
Tarpaulin 3 pcs @ Php 650
Pamphlets

8.3 Light & Water

8.4 Rentals
8.5 Representation allowance
8.6 Supplies Expense
8.7 Transportation Expense
8.8 Miscellaneous Expense
[9] Taxes

9.1 Community Tax Php 500

9.2 BIR Registration Fee 500
9.3 Income Tax
9.3.1 Passive income Final tax of 20%
9.3.2 Taxable income Normal tax of 30%
equal to or above Php 10,000

stimated useful lives of

umber of Years

Land Bank of the Philippnes (LBP)- Solano Branch.

rea is ________square meters will be used as collateral.

nd it is expected to increase by 5% annually.

_____. The amount was determined by considering the

by competitors
rease annually using the average inflation rate

com/philippines/inflation-cpi)

d 30% in the year after sale.

20% of the next year's sales strikes

urchase is 70% and 30% in the year

ll be paid on a monthly basis.

age rate provided by DOLE.

alth will be computed using the prescribed fees

sic compensation during the year divided by 12 months.

ng the average inflation rate.
Name of Company
SALES BUDGET
For the years Ended December 31

YEAR
1 2 3

Budgeted Sales (units) 5,000 5,250 5,513

Selling Price per unit 10.00 10.60 11.24
Total Sales 50,000.00 55,650.00 61,938.45
AR
4 5 6

5,788 6,078 6,381

11.91 12.62 13.38
68,937.49 76,727.43 85,397.63
Name of Company
SCHEDULE OF EXPECTED CASH COLLECTIONS
For the years Ended December 31

YEAR
1 2 3

Sales Year 1 35,000.00 15,000.00

Year 2 38,955.00 16,695.00
Year 3 43,356.92
Year 4
Year 5

TOTAL CASH COLLECTIONS 35,000.00 53,955.00 60,051.92

EAR
4 5 Totals

50,000.00
55,650.00
18,581.54 61,938.45
48,256.25 20,681.25 68,937.49
53,709.20 53,709.20

66,837.78 74,390.45
Name of Company
BUDGETED COSTS OF SALES
For the years Ended December 31

YEAR
1 2

Budgeted Sales 50,000.00 55,650.00

Add: Desired Ending Inventory 11,130.00 12,387.69
Totals 61,130.00 68,037.69
Less: Beginning Inventory - 11,130.00
BUDGETED COSTS OF SALES 61,130.00 56,907.69
YEAR
3 4 5 6

61,938.45 68,937.49 76,727.43 85,397.63

13,787.50 15,345.49 17,079.53
75,725.95 84,282.98 93,806.96
12,387.69 13,787.50 15,345.49
63,338.26 70,495.48 78,461.47
Name of Company
SCHEDULE OF CASH PURCHASES
For the years Ended December 31

YEAR
1 2 3

Purchases Year 1 42,791.00 18,339.00

Year 2 39,835.38 17,072.31
Year 3 44,336.78
Year 4
Year 5

TOTAL CASH PURCHASES 42,791.00 58,174.38 61,409.09

YEAR
4 5

19,001.48
49,346.84 21,148.64
54,923.03

68,348.32 76,071.67
Name of Company
SCHEDULE OF SALARIES & WAGES

Monthly Monthly Employer's Share

Pay SSS Pag-ibig
Manager 7,500.00 250.00 100.00
Bookkeeper 5,000.00 166.70 100.00
Cashier 5,000.00 166.70 100.00
Other Personnel
Daily Wage # of Days
1 200 21 4,200.00 133.30 100.00
2 200 21 4,200.00 133.30 100.00

TOTALS 25,900.00 850.00 500.00

mployer's Share ANNUAL SALARIES & WAGES
Philhealth 1 2 3 4
87.50 90,000.00 95,400.00 101,124.00 107,191.44
62.50 60,000.00 63,600.00 67,416.00 71,460.96
62.50 60,000.00 63,600.00 67,416.00 71,460.96

50.00 50,400.00 53,424.00 56,629.44 60,027.21

50.00 50,400.00 53,424.00 56,629.44 60,027.21

312.50 310,800.00 329,448.00 349,214.88 370,167.77

ES
5
113,622.93
75,748.62
75,748.62

63,628.84
63,628.84

392,377.84
Name of Company
SCHEDULE OF SALARIES & WAGES

Monthly Monthly Employer's Share

Pay SSS Pag-ibig Philhealth
Manager 7,500.00 250.00 100.00 87.50
Bookkeeper 5,000.00 166.70 100.00 62.50
Cashier 5,000.00 166.70 100.00 62.50
Other Personnel
Daily Wage# of Days
1 200 21 4,200.00 133.30 100.00 50.00
2 200 21 4,200.00 133.30 100.00 50.00

TOTALS 25,900.00 850.00 500.00 312.50

loyer's Share ANNUAL EMPLOYER'S SHARE
Totals 1 2 3 4
437.50 5,250.00 5,565.00 5,898.90 6,252.83
329.20 3,950.40 4,187.42 4,438.67 4,704.99
329.20 3,950.40 4,187.42 4,438.67 4,704.99
-
-
283.30 3,399.60 3,603.58 3,819.79 4,048.98
283.30 3,399.60 3,603.58 3,819.79 4,048.98

1,662.50 19,950.00 21,147.00 22,415.82 23,760.77

RE
5
6,628.00
4,987.29
4,987.29

4,291.92
4,291.92

25,186.42
Philhealth Premium Contribution Table
Salary Total Monthly
Salary Range Salary Base
Bracket Premium
*Employee share represents half of the total monthly premium
while the other half is shouldered by the employer.
1 4,999.99 and below 4,000.00 100
2 5,000.00 - 5,999.99 5,000.00 125
3 6,000.00 - 6,999.99 6,000.00 150
4 7,000.00 - 7,999.99 7,000.00 175
5 8,000.00 - 8,999.99 8,000.00 200
6 9,000.00 - 9,999.99 9,000.00 225
7 10,000.00 - 10,999.99 10,000.00 250
8 11,000.00 - 11,999.99 11,000.00 275
9 12,000.00 - 12,999.99 12,000.00 300
10 13,000.00 - 13,999.99 13,000.00 325
11 14,000.00 - 14,999.99 14,000.00 350
12 15,000.00 - 15,999.99 15,000.00 375
13 16,000.00 - 16,999.99 16,000.00 400
14 17,000.00 - 17,999.99 17,000.00 425
15 18,000.00 - 18,999.99 18,000.00 450
16 19,000.00 - 19,999.99 19,000.00 475
17 20,000.00 - 20,999.99 20,000.00 500
18 21,000.00 - 21,999.99 21,000.00 525
19 22,000.00 - 22,999.99 22,000.00 550
20 23,000.00 - 23,999.99 23,000.00 575
21 24,000.00 - 24,999.99 24,000.00 600
22 25,000.00 - 25,999.99 25,000.00 625
23 26,000.00 - 26,999.99 26,000.00 650
24 27,000.00 - 27,999.99 27,000.00 675
25 28,000.00 - 28,999.99 28,000.00 700
26 29,000.00 - 29,999.99 29,000.00 725
27 30,000.00 and up 30,000.00 750

http://www.philhealth.gov.ph/partners/employers/contri_tbl.html
Employee Share Employer Share

50.00 50.00
62.50 62.50
75.00 75.00
87.50 87.50
100.00 100.00
112.50 112.50
125.00 125.00
137.50 137.50
150.00 150.00
162.50 162.50
175.00 175.00
187.50 187.50
200.00 200.00
212.50 212.50
225.00 225.00
237.50 237.50
250.00 250.00
262.50 262.50
275.00 275.00
287.50 287.50
300.00 300.00
312.50 312.50
325.00 325.00
337.50 337.50
350.00 350.00
362.50 362.50
375.00 375.00
http://www.sss.gov.ph/sss/printversion.jsp?id=111&file=regi_contrib_table.html

NEW SSS CONTRIBUTION SCHEDULE

DULE
Name of Company
SCHEDULE OF DEPRECIATION
For the Year Ended December 31

Estimated
Cost Useful Life
Buildings - 50
Computer and internet equipment - 3
Furniture, fixtures and office equipment - 5
Maintenance equipment - 5
Transportation equipment - 10
Land Improvements - 10

TOTAL DEPRECIATION
 Annual
Depreciation
0
0
0
0
0
0

0
Name of Company
BUDGETED INCOME STATEMENT
For the Years Ended __________

Table 1
Sales
Less: Cost of Sales
Gross Profit
Less: Expenses
Salaries & Wages
Premium - Employer's Share
Depreciation
Advertising
Light & Water
Rentals
Representation allowance
Supplies Expense
Transportation Expense
Permits and Licenses
Miscellaneous Expense
Net Income before Interest Expense
Less: Interest Expense
Net Income before Income Tax
Income Tax (30%)
Net Income
 YEAR
2 3 4 5
Name of the Company
BUDGETED STATEMENTS OF CASH FLOWS
For the Year Ended December

CASH BALANCE, BEGINNING

Add: Collections
Totals Funds Available
Less: Disbursements