This workbook has been produced for use in the PAR stage of the audit.

The primary purpose of the PAR is to identify any inherent

risks or potential risks of material misstatements. Graphs, ratios and comparisons will be calculated automatically from the
information inserted.

This workbook consists of six sheets:

Annexes Description
Instruction Instruction for use
Annex A PAR expectations
Annex B Ratio Analysis
Annex C Comparative Analysis on Statement of Financial Position
Annex D Comparative Analysis on Statement of Comprehensive Income

PAR EXPECTATIONS
Initial expectations are documented on this worksheet. A PAR requires us to make our own predetermined judgment of what we would
expect to find, based on our understanding of the entity. Budgets, prior year figures, industry figures and key performance indicators (KPIs)
can be used, alongside our understanding of the entity and any discussions we have had with management throughout the period to form
these expectations. These expectations need not always be set at a detailed account level (i.e. the individual ledger balances making up the
Financial Statement Analysis - FSA), but may be set at a higher summary level (i.e. the FSA balance). It could also be affected by
management's business plans, current and in the near future.

RATIO ANALYSIS - YEAR ON YEAR

This worksheet calculates ratios split into five areas which feed into the key ratios at the top of the Movements worksheet:

- Profitability ratios (e.g. ROCE, GP%)

- Efficiency ratios (e.g. Debtor days)
- Liquidity ratios (e.g. Current ratio)
- Solvency ratios (e.g. Gearing)
- Investors' ratios (e.g. EPS, Dividend Cover)

Ratios are calculated for the current and prior year.

COMPARATIVE ANALYSIS
The worksheets collate the information with relation to to the current and prior years' financial information.

Expectations based on the APT planning section and "PAR Expectations" tab as well as comments for any significant or unusual
movements between the current and prior year are documented here. Any potential RMMs which were not previously identified in the APT
are recorded in the APT using the Add Risk option.
Company Name: CW MARKETING DEVELOPMENT CORP
Engagement Period: 31-Dec-22
Prepared by: Allan Camacho Reviewed by:
Prepared on: 22-Apr-24 Reviewed on:

Instructions
Please take note that the questions below are suggested questions that audit engagement teams can raise with the clients to form preliminary expectations on the financial information
of the client. Engagement teams should also add in other questions that they may raise during their discussion with the client to form other expectations on other areas.
These questions should be considered before reviewing draft accounting figures or speaking to the accounting and non-accounting team and questions tailored for the client.

Source of information
The information below on which we form our basis for our expectations is obtained from our discussions with

NO. AREA QUESTION RESPONSE FROM CLIENT

1 Revenue/ Gross What has trading been like in the year and post y/e?
Margin Any changes to the business activities or operations from the
prior year?
2 Revenue / Accounts Any significant big contracts?
Receivable Who are key / largest customers?

3 Revenue When is the busiest time of year?

Are there significant seasonal fluctuations.

4 New business Are there any new or planned businesses during the financial
year?

5 Accounts Any problems / issues with customers?

Receivable Any bad debts / disputes?

6 Revenue / Gross What have margins been like? Any exceptionally high / low
Margin returns?
Current industry conditions?

7 PPE Any significant capital expenditure?

Replacement of Office Furnitures? If so, bought out-right or
under HP?
Significant disposals / assets scrapped?

8 Labor Any reduction/increase in the number of personnel this year?

9 Overheads Any significant changes in general spending?

- significant one-offs
- cost savings achieved
- transport / energy prices

10 External events Have any external events or industry trends in the year affected
the performance of the business?
To what degree and at what times during the year was this most
noticeable?

11 KPI's As management of the business, what KPI's are used to

determine the current performance of the business and how are
these calculated?

12 Client website Read the client website. What information can be gathered from
this site and consider what impacts this is likely to have on the
client website.
Company Name: CW MARKETING DEVLEOPMENT CORP
Engagement Period: December 31, 2022
Prepared by: Allan Camacho Prepared on: April 22, 2024
Reviewed by: Reviewed on:

Ratio Analysis

Profitability Ratios and Liquid- Efficiency Ratios Solvency Ratios

ity Ratios 0.00
Inventory Debtor days Creditor days
1.00
0.90
5000% -10000.00 turnover days 0.80
0% 0.70
n -20000.00
S ed
gi
n
gi
S io tio
-5000% TIO loy ar ar IO rat ra 0.60
A p m m AT n t ck -30000.00
2023
R m
of
it et R rre ui 0.50
TY l e
-10000% pr N Y
IT Cu Q
2022 ILI pita s ID 0.40
B a s U -40000.00
TA-15000%C ro Q 0.30
FI on G LI
O n -50000.00 0.20
PR tur-20000%
e 0.10
R
-25000% -60000.00 0.00
Gearing Interest cover
-30000%

-35000%

-40000% 2023 2022

2023 2022

2023 2022 PROFITABILITY RATIOS 2023 2022

Result (PBT) = 8,294,376.58 563,478.25 = Return on Capital employed -4% 0%

Capital Employed (Equity) (235,371,093.81) (236,475,492.47)

Gross Profit = 2,383,623.74 68,569.50 = Gross profit margin -344% 0%

Turnover (693,359.77) -

PBT = 8,294,376.58 563,478.25 = Net margin -1196% 0%

Revenue (693,359.77) -

LIQUIDITY RATIOS 2023 2022

Current Assets = 5,926,755.76 819,395,654.24 = Current ratio 0.00 0.20
Current Liabilities 3,343,730,986.32 4,103,410,607.34

Current Assets - Stock = 4,742,263,394.81 4,615,440,416.26 = Quick ratio -32125% -35880%

Current Liabilities (14,761,770.41) (12,863,429.37)

EFFICIENCY RATIOS 2023 2022

Stock x 365 = - - = Inventory turnover days 0.00 0.00
Cost of Sales (3,076,983.51) (68,569.50)

Trade Debtors x 365 = 96,144,997.98 104,396,757.41 = Debtor days -50612.86 0.00

Sales (693,359.77) -

Trade Creditors x 365 = - - = Creditor days 0.00 0.00

Current Liabilities (14,761,770.41) (12,863,429.37)
SOLVENCY RATIOS 2023 2022
Debt = - - = Gearing 0.00 0.00
Equity (235,371,093.81) (236,475,492.47)

Profit before Interest = 8,288,850.43 563,679.85 = Interest cover 0.00 0.00

Interest - -
 Solvency Ratios Investor Ratios
12.00

10.00

8.00

6.00

4.00
g Interest cover
2.00

0.00
2023 2022

Comments:
Company Name: 365 BOOKSPRO INC.
Engagement Period: December 31, 2022
Prepared by: Bernadette Orcine Prepared on: November 9, 2023
Reviewed by: ABAlmedora Reviewed on: 11.17.2023

COMPARATIVE ANALYSIS ON STATEMENT OF FINANCIAL POSITION

INSTRUCTIONS

Enter data into the sheet. Delete line items where not applicable. Please make comments below for any significant or unusual movements noted within each Financial Statement Analysis. Consider your expectations when formulating your comments.

Check the box next to the financial statement item which has been scoped in for audit due to their individual materiality (i.e. more than performance materiality) or/and nature.

Percentage
Accounts 2023 2022 Actual Movement Expectations
Movement

Cash and cash equivalents 23,628,743.16 100%

377,783,058.46 354,154,315.30

Trade and other receivables 96,144,997.98 104,396,757.41 (8,251,759.43) -8%

Inventories 185,156,103.20 211,312,534.07 (26,156,430.87) 100%

Prepayment and other current assets 102,408,713.04 149,532,047.45 (47,123,334.41) 100%

Total Current Assets 5,926,755.76 819,395,654.24 (813,468,898.48) -99%

2023 2022 Actual Movement Expectations

Property and equipment – net 4,927,419,498 4,826,752,950 100,666,548 2%

13,471,142 1,956,967 11,514,174 100%

Intangible assets - net
Right of use - asset 271,079,429 264,102,663 112,180,722 42%
Deferred tax assets 14,761,770 12,863,429 1,898,341 100%
Investment in subsidiary 794,006,000 794,006,000 - 100%
Investment in associate - - - 100%
Advances to related parties 235,371,094 236,475,492 (1,104,399) 0%
Total Noncurrent Assets 6,300,609,929.69 6,180,372,397.33
TOTAL ASSETS 6,306,536,685.45 6,999,768,051.57
our expectations when formulating your comments.

Analytical Review

Initial deposit was made for the year 2022, bills payment and deposits
affect the cash balance.

No additional prepayments have been identified for 2022, the balance of

rental deposits have been made during the year 2021.

There is a significant increase in the balance because of purchase of Long-

term equipment and furnitures and fixtures.

Increase in Intangible Asset was due to purchase of software asset and

leasehold improvements.
See WPL

Analytical Review
There is an increase in total current assets due to increase in cash and cash
equivalents

Total non current assets was recognized due change to additions of PPE
acquisitions during the year.

Reconition of current liabilities

There are no non-current liabilities recognized.

See WPL
Company Name: CW MARKETING DEVELOPMENT CORP
Engagement Period: December 31, 2022
Prepared by: Allan Camacho Prepared on: 4/22/2024
Reviewed by: ABAlmedora Reviewed on: 11.17.2023

COMPARATIVE ANALYSIS ON STATEMENT OF COMPREHENSIVE INCOME

INSTRUCTIONS

Enter data into the sheet. Delete line items where not applicable. Please make comments below for any significant or unusual movements noted within each FSA. Consider your expectations when formulating your comments.

Check the box next to the financial statement item which has been scoped in for audit due to their individual materiality (i.e. more than performance materiality) or/and nature.

Percentage
Accounts 2022 2021 Actual Movement Expectations
Movement

REVENUE (693,359.77) - (693,359.77) 100%

Cost of Goods Sold 3,076,983.51 68,569.50 3,008,414.01 4387%

GROSS PROFIT 2,383,623.74 68,569.50 2,315,054.24 3376%

Depreciation and Amortization 201,523.80 - 201,523.80 100%

Advertising and Marketing 981,534.71 - 981,534.71 100%

Salaries, wages and employee benefits 1,885,314.86 - 1,885,314.86 #DIV/0!

Professional fees 1,509.00 75,732.92 (74,223.92) -98%

Office Supplies 1,259,413.38 - 1,259,413.38 100%

Rent 1,464,841.36 320,504.65 1,144,336.71 357%

Taxes and Licenses 11,900.08 98,872.78 (86,972.70) -88%

Transportation 19,940.00 - 19,940.00 100%

Utilities 21,156.77 - 21,156.77 100%

Operating Expenses (5,847,133.96) 495,110.35 (6,342,244.31) -1281%

NET OPERATING INCOME 8,230,757.70 563,679.85 7,667,077.85 1360%
Foreign exchange gain (loss) - net 5,526.15 (201.60) 5,727.75 0%

Interest Income (95.47) - (95.47) 100%

Other Expenses 58,188.20 - 58,188.20 100%

Total Other Income/Expense - Net 63,618.88 (201.60) 63,820.48 -31657%

NET LOSS BEFORE INCOME TAX EXPENSE 8,294,376.58 563,478.25 7,730,898.33 1372%
Income Tax Expense - - 100%
NET LOSS FOR THE YEAR 8,294,376.58 563,478.25 7,730,898.33 1372%
ations when formulating your comments.

Analytical Review

Significant increase in revenue was due to additional

service revenue earned by the business

Significant increase was due to the payment for cost

of labor.

Depreciation of long-term equipment and furnitures

and fixtures have been recognized and amortization
of software assets and leasehold improvements have
also been recognized for 2022.
The movement pertains to recognition of expenses
relative to advertising and marketing
Significant increase was due to expenses for payroll
of general employees.
Significant decrease was due to less expenses for the
year 2022 which includes payment for legal fees,
business mayor's permit filing, fire extinguisher, and
other required filing.

Increase was mainly because of recognition of

expenses such as copy service, shipping and postage
fees, and subscription expenses.

Significant increase was due to payment for rental

expenses to Robinson Land Corporation.
Significat decrease was due to less expenses incurred
for taxes and interest withheld
Increase in transportation expense was due to
recognition of parking fees and reimbursements to
transportation expenses incurred by employees.
Significant increase was due to recognition of
electricity expenses.

This pertains to the interest earned in bank

transactions.
Other expenses include penalties and settlements for
late contribution payments.