Pearly Shell Gasoline Station

Projected Income Statements

For the year ended December 31, 2023

ACCOUNT NAME Year 1 Year 2 Year 3

Sales 9,343,701.62 9,614,588.09 9,892,311.87
Less: Cost of Sales
Inventory, Beginning - 41,609.55 16,494.05
Add: Purchases 7,973,700.00 8,132,540.00 8,422,745.00
Less: Inventory, end 41,609.55 16,494.05 43,140.15
Total Cost of Sales 7,932,090.45 8,157,655.50 8,396,098.90
Gross Profit 1,411,611.17 1,456,932.59 1,496,212.97
Less: Operating Expenses
Salaries Expenses 550,800.00 550,800.00 561,816.00
SSS, PHIC & Pag-ibig 66,150.00 66,150.00 67,246.20
Bonuses 68,850.00 68,850.00 70,227.00
Uniform Allowance 3,000.00 - 3,000.00
Permit & Licences 5,000.00 5,000.00 5,000.00
Utilities Expenses 160,000.00 96,000.00 96,000.00
Depreciation Expenses 396,581.52 396,581.52 396,581.52
Total Expenses 1,250,381.52 1,183,381.52 1,199,870.72
Net Income Before Tax 161,229.65 273,551.07 296,342.25
Less: Taxes - 3,523.66 6,951.33
Net Income After Tax 161,229.65 270,027.41 289,390.92
853,800.00 786,800.00 803,289.20
Year 4 Year 5
10,167,080.05 10,441,788.23

43,140.15 23,775.60
8,614,410.00 8,868,275.00
23,775.60 41,043.15
8,633,774.55 8,851,007.45
1,533,305.50 1,590,780.78

561,816.00 561,816.00
67,246.20 67,246.20
70,227.00 70,227.00
- 3,000.00
5,000.00 5,000.00
96,000.00 96,000.00
396,581.52 396,581.52
1,196,870.72 1,199,870.72
336,434.78 390,910.06
12,965.21 21,136.50
323,469.57 369,773.56
800,289.20 803,289.20
 Pearly Shell Gasoline Station
Projected Cash Flow Statements
As of December 31, 2023

ACCOUNT NAME Year 1 Year 2 Year 3

CASH INFLOW:
Capital 13,748,396.76
Sales 9,343,701.62 9,614,588.09 9,892,311.87
Cash Balance, end - 8,569,401.62 9,264,649.71
TOTAL CASH INFLOW 23,092,098.38 18,183,989.71 19,156,961.58
Less: CASH OUTFLOW
Land 2,300,000.00
Building 2,500,000.00
Equipment 886,170.82
Furniture & Fixtures 8,927.00
Purchases 7,973,700.00 8,132,540.00 8,422,745.00
Operating Expenses 853,800.00 786,800.00 803,289.20
Tax Expenses - - 3,523.66
TOTAL CASH OUTFLOW 14,522,696.76 8,919,340.00 9,226,034.20
CASH BALANCE, END 8,569,401.62 9,264,649.71 9,930,927.38
 Year 4 Year 5

10,167,080.05 10,441,788.23
9,930,927.38 10,994,503.87
20,098,007.88 21,436,292.10

8,614,410.00 8,868,275.00
800,289.20 803,289.20
6,951.33 12,965.21
9,407,747.87 9,658,701.79
10,994,508.87 11,777,590.31
 Pearly Shell Gasoline Station
Projected Balance Sheet
As of December 31,2023

ACCOUNT NAME Year 1 Year 2 Year 3

ASSETS:
Current Assets:
Cash 8,569,401.62 9,264,649.71 9,930,927.38
Inventories, end 41,609.55 16,494.05 43,140.15
Total Current Assets 8,611,011.17 9,281,143.76 9,974,067.53
Fixed Assets:
Land 2,300,000.00
Building 2,500,000.00 2,250,000.00 2,000,000.00
Accumulated Depreciation 250,000.00 250,000.00 250,000.00
Net Book Value 2,250,000.00 2,000,000.00 1,750,000.00
Equipment 886,269.79 742,998.92 599,728.05
Accumulated Depreciation 143,270.87 143,270.87 143,270.87
Net Book Value 742,998.92 599,728.05 456,457.18
Furniture & Fixtures 8,927.00 5,616.35 -
Accumulated Depreciation 3,310.65 3,310.65 -
Net Book Value 5,616.35 2,305.70 -
Total Fixed Assets 5,298,615.27 2,602,033.75 2,206,457.18
TOTAL ASSETS 13,909,527.44 11,883,177.51 12,180,524.71

LIABILITIES:
Income Tax Payable - - 3,523.66
TOTAL LIABILITIES 3,523.66
EQUITY
Capital, beginning 13,748,396.76 13,909,626.41 14,179,653.82
Net Income After Tax 161,229.65 270,027.41 289,390.92
Capital, end 13,909,626.41 14,179,653.82 14,469,044.74
TOTAL LIABILITIES & EQUITY 13,909,626.41 14,449,681.23 14,472,568.40
- 98.97 2,296,476.31 2,292,043.69
 Year 4 Year 5

10,994,508.87 11,777,590.31
23,775.60 41,043.15
11,018,284.47 11,818,633.46

1,750,000.00 1,500,000.00
250,000.00 250,000.00
1,500,000.00 1,250,000.00
456,457.18 313,186.31
143,270.87 143,270.87
313,186.31 169,915.44
- -
- -
- -
1,813,186.31 1,080,084.56
12,831,470.78 12,898,718.02

6,951.33 12,965.21
6,951.33 12,965.21

14,469,044.74 14,792,514.31
323,469.57 369,773.56
14,792,514.31 15,162,287.87
14,799,465.64 15,175,253.08
- 1,967,994.86 - 2,276,535.06