Industry Assumption

 According to the expert, the Philippine construction industry will rise by 21.9 percent
in 2021.
 Over the remainder of the forecast period, the industry is expected to grow at a 9.6%
annual average rate in 2022 and 2023.

PROJECTED FINANCIALS (HOLD AND MAINTAIN):

The income statement projections below are based on the assumption that the organization
will maintain its strategy implementation status quo:

INCOME STATEMENT 2018 Actual 2019 Actual 2020 Actual

Construction Income 68,318,601 56,449,657 46,334,311
Less: Cost of Services 54,206,530 44,583,812 36,554,907
Gross Income 14,112,071 11,865,845 9,779,404
Less: Operating Expenses
Salaries and Wages 812,500 2,247,037 1,118,000
Office Supplies 155,854 58,377 230,612
Taxes and Licenses 357,050 342,621 55,709
Light and Power - Office 84,442 201,566 531,639
Telephone and Communication 380,899 138,024 75,998
Gasoline, Oil and Travelling Expenses 3,283,690 2,161,453 2,145,555
Transportation Expense 33,842 42,068 23,517
Advertising Expense 8,974 6,894 -
Depreciation Expense - Delivery Equipment 23,333 107,083 107,083
Depreciation Expense - Service Vehicle 361,304 361,304 361,304
Depreciation Expense - Office Furnitures and Fixtures 85,482 85,482 85,482
Depreciation Expense - Office Equipments 104,329 104,329 104,329
Depreciation Expense - Office Improvements 8,976 - -
Depreciation Expense - Telephone and Communication 5,017 5,017 5,017
Representation Expense 659,847 824,153 221,067
Handling Expenses 82,127 5,367 11,741
Toll and Parking Fees 887,756 649,997 545,952
Insurance Expense 313,631 101,176 31,005
Miscellaneous Expense 574,992 528,741 418,023
Interest Expense - BPI Family Bank (Business Loan) 228,540 139,254 54,615
Total Expenses 8,452,585 8,109,943 6,126,648
Income Before Tax 5,659,486 3,755,902 3,652,756
Less: Income Tax 1,661,035 1,051,889 1,018,882
NET INCOME 3,998,451 2,704,013 2,633,874
 INCOME STATEMENT 2021 Projected 2022 Projected 2023 Projected
Construction Income 56,481,525 74,273,206 105,022,313
Less: Cost of Services 44,560,432 58,596,968 82,856,112
Gross Income 11,921,093 15,676,238 22,166,200
Less: Operating Expenses
Salaries and Wages 1,311,448 1,538,368 1,804,552
Office Supplies 280,520 341,229 415,076
Taxes and Licenses 22,005 8,692 3,433
Light and Power - Office 1,333,971 3,347,156 8,398,572
Telephone and Communication 92,642 121,824 172,259
Gasoline, Oil and Travelling Expenses 2,615,432 3,439,292 4,863,160
Transportation Expense 19,604 16,342 13,623
Advertising Expense - - -
Depreciation Expense - Delivery Equipment 107,083 107,083 107,083
Depreciation Expense - Service Vehicle 361,304 361,304 361,304
Depreciation Expense - Office Furnitures and Fixtures 85,482 85,482 85,482
Depreciation Expense - Office Equipments 104,329 104,329 104,329
Depreciation Expense - Office Improvements - - -
Depreciation Expense - Telephone and Communication 5,017 5,017 5,017
Representation Expense 127,957 74,064 42,869
Handling Expenses 4,439 1,679 635
Toll and Parking Fees 665,515 875,153 1,237,466
Insurance Expense 37,795 49,701 70,277
Miscellaneous Expense 509,570 670,085 947,500
Interest Expense - BPI Family Bank (Business Loan) 66,576 87,547 123,791
Total Expenses 7,750,689 11,234,345 18,756,427
Income Before Tax 4,170,405 4,441,893 3,409,773
Less: Income Tax 1,242,017 1,633,253 2,309,419
NET INCOME 2,928,388 2,808,641 1,100,354