Year

Service PRICE QTY. MONTHLY

1
Editing service
Photo
500 25 12,500 ₱ 150,000.00
/Display edit
Minimal video edit 110/hr 30 3,300 39,600.00
Total ₱ 189,600.00

Number of
Advertising Price QTY MONTHLY
Hours
Morning-rate 1 5 15,000
(between 8am-10am) 2 7 42,000
3000/hr 3 5 45,000
4 2 24,000
126,000
Noon-time-rate
2,000 1 7 14,000
(between 11am-12pm)
Afternoon-rate 1 5 15,000
(between 1pm-4pm) 2 7 42,000
3 4 36,000
3000/hr
4 1 12,000
105,000

Primetime-rate 1 7 17,500
(between 5pm-8pm) 2 5 25,000
3 4 30,000
2, 500
4 3 30,000
102,500

Events-rate
10,000 3 30,000
(3 hours)
Total 377,500
 Year Year Year Year
2 3 4 5

₱ 165,000.00 ₱ 181,500.00 ₱ 199,650.00 ₱ 219,615.00

43,560.00 47,916.00 52,707.60 57,978.36
₱ 208,560.00 ₱ 229,416.00 ₱ 252,357.60 ₱ 277,593.36

Year 1 Year 2 Year 3 Year 4 Year 5

₱ 1,512,000.00 ₱ 1,663,200.00 ₱ 1,829,520.00 ₱ 2,012,472.00 ₱ 2,213,719.20

168,000.00 184,800.00 203,280.00 223,608.00 245,968.80

1,260,000.00 1,386,000.00 1,524,600.00 1,677,060.00 1,844,766.00

1,230,000.00 1,353,000.00 1,488,300.00 1,637,130.00 1,800,843.00

360,000.00 396,000.00 435,600.00 479,160.00 527,076.00

₱ 4,530,000.00 ₱ 4,983,000.00 ₱ 5,481,300.00 ₱ 6,029,430.00 ₱ 6,632,373.00
 Year Year
Type of Service Monthly
1 2
Editing Service 15,800.00 ₱ 189,600.00 ₱ 208,560.00
Advertising Service 377,500.00 4,530,000.00 4,983,000.00
Total ₱ 4,719,600.00 ₱ 5,191,560.00
 Year Year Year
3 4 5
₱ 229,416.00 ₱ 252,357.60 ₱ 277,593.36
5,481,300.00 6,029,430.00 6,632,373.00
₱ 5,710,716.00 ₱ 6,281,787.60 ₱ 6,909,966.36
 Employment Benefits (EE)
Position Number of Personnel Employment Status Daily Rate Gross Monthly Salary
SSS Philhealth
General Manager 1 Full Time ₱ 900.00 ₱ 23,400.00 ₱ 900.00 ₱ 500.00
Bookkeeper 1 Full Time 450.00 11,700.00 517.50 500.00
Driver 2 Full Time 400.00 20,800.00 945.00 1,000.00
Secretary 1 Full Time 400.00 10,400.00 472.50 500.00
IT 1 Full Time 450.00 11,700.00 517.50 500.00
Total 6 ₱ 2,600.00 ₱ 78,000.00 ₱ 3,352.50 ₱ 3,000.00
Employer

Employment Benefits (ER)

SSS Philhealth
General Manager ₱ 1,900.00 ₱ 500.00
Bookkeeper 1,092.50 500.00
Driver 1,995.00 1,000.00
Secretary 997.50 500.00
IT 1,092.50 500.00
Total ₱ 7,077.50 ₱ 3,000.00
ent Benefits (EE)
Total Monthly Salary Net of Benefits 13th Month Pay Total Annual Salary Net Benefits
Pag - ibig
₱ 200.00 ₱ 21,800.00 ₱ 23,400.00 ₱ 261,600.00
200.00 10,482.50 11,700.00 125,790.00
400.00 18,455.00 20,800.00 221,460.00
200.00 9,227.50 10,400.00 110,730.00
200.00 10,482.50 11,700.00 125,790.00
₱ 1,200.00 ₱ 70,447.50 ₱ 78,000.00 ₱ 845,370.00
mployer

nt Benefits (ER)
Pag-ibig
₱ 200.00
200.00
400.00
200.00
200.00
₱ 1,200.00
Note 1- Service Revenue

Type of Service Monthly Year 1

Editing Service 15,800.00 ₱ 189,600.00

Advertising Service 377,500.00 4,530,000.00
Total ₱ 4,719,600.00

Note 2- Cost of Services

Monthly Year 1

Diesel (Truck) 106,860.00 ₱ 1,282,320.00

Diesel (Generator) 74,802.00 897,624.00
Salary (Driver) 20,800.00 249,600.00
Salary (IT Personnel) 11,700.00 140,400.00
Software Premium 5,980.00
Total ₱ 2,575,924.00
Assumptions: Cost of Services increases by 10% annually

Note 3- Office Supplies Expense

Year 1
Monthly
Office Supplies 5,479.08 ₱ 65,749.00
Less: Office Supplies Expense 4,657.22 55,886.65
Ending Inventory ₱ 9,862.35
Assumption: Office Supplies increases 5% per year
Assumption: Office Supplies Expense is 85% of Beginning Balance each year.

Note 4- Utilities Expense

Monthly Year 1

Electricity 1,500.00 ₱ 18,000.00

Water 583.33 7,000.00
Telephone Bill 700.00 8,400.00
Internet 1,500.00 18,000.00
Fire Extinguisher 3,000.00
Total ₱ 54,400.00
Assumption: Utilities will increase by 3% per year

Note 5- Salaries and Wages

Number of
Position Gross Monthly Salary
Personnel
General Manager 1 23,400.00
Bookkeeper 1 11,700.00
Secretary 1 10,400.00
Total 45,500.00

Note 6 - Depreciation Expense

Year 1 Year 2

Depreciation Expense- Machinery & Equipment 19,379.00 19,379.00

Depreciation Expense- Furniture and Fixtures 10,330.00 10,330.00
Depreciation Expense- Service Vehicle 250,000.00 250,000.00
279,709.00 279,709.00
Assumption: Depreciation is computed using the straight line method

Machinery & Equipment (9A) Cost Qty.

Computer ₱ 44,000.00 1
Printer 8,295.00 1
Aircon 39,399.00 1
Stand Fan 1,600.00 2
Tool Kit 2,000.00 1
Total

Furnitures and Fixtures (9B)

Office Table 4,500.00 2
Swivel Chair 1,500.00 2
Sofa 15,000.00 1
Drawer 7,500.00 3
Monoblock Chair 215.00 10
Total

Service Vehicle (9C) 2,500,000.00 1

Total Annual Depreciation

Note 7 - Permit and Licences

Year 1 Year 2

Brgy. clearance ₱ 500.00 ₱ 525.00

Business Permit 1,600.00 1,680.00
Mayor's permit 256.00 268.80
BIR Certification 500.00 525.00
Vehicle Registration 2,000.00 2,100.00
Documentary Stamp for BIR 90.00 94.50
Documentary Stamp for SEC 530.00 556.50
Community Tax Certification 500.00 525.00
SSS Employer Certification 500.00 525.00
SSS National Clearance 500.00 525.00
Fire Safety Inspection 500.00 525.00
Sanitary 300.00 315.00
Health Certificate 2,100.00 2,205.00
Business Plate 500.00 525.00
Refuse fee 1,000.00 1,050.00
Filing 500.00 525.00
Processing fee 1,000.00 1,050.00
Occupational tax 768.00 806.40
Business Tax 47,000.00 49,350.00
Other Fees 2,500.00 2,625.00
Total ₱ 63,144.00 ₱ 66,301.20

Note 8- 13th Month Pay and Other Benefits

Year 1
Monthly
SSS 10,430.00 ₱ 125,160.00
PhilHealth 6,000.00 72,000
Pag-IBIG 2,400.00 28,800
13TH Month Pay 78,000.00
Total ₱ 303,960.00

Note 6 - Rent Expense

Monthly Year 1 Year 2

Rent 20,000.00 240,000.00 240,000.00
Total 240,000.00 240,000
Note 9: Property, Plant, and Equipment

Year 1 Year 2

Machinery & Equipment ₱ 96,894.00 ₱ 96,894.00

Less: Accumulated Depreciation - 19,379.00 - 38,758.00
Furniture and Fixtures 51,650.00 51,650.00
Less: Accumulated Depreciation - 10,330.00 - 20,660.00
Service Vehicle 2,500,000.00 2,500,000.00
Less: Accumulated Depreciation - 250,000.00 - 500,000.00
Total ₱ 2,368,835.00 ₱ 2,089,126.00
 Year 2 Year 3 Year 4 Year 5

₱ 208,560.00 ₱ 229,416.00 ₱ 252,357.60 ₱ 277,593.36

4,983,000.00 5,481,300.00 6,029,430.00 6,632,373.00
₱ 5,191,560.00 ₱ 5,710,716.00 ₱ 6,281,787.60 ₱ 6,909,966.36

Year 2 Year 3 Year 4 Year 5

₱ 1,410,552.00 ₱ 1,551,607.20 ₱ 1,706,767.92 ₱ 1,877,444.71

987,386.40 1,086,125.04 1,194,737.54 1,314,211.30
274,560.00 302,016.00 332,217.60 365,439.36
154,440.00 169,884.00 186,872.40 205,559.64
5,980.00 5,980.00 5,980.00 5,980.00
₱ 2,832,918.40 ₱ 3,115,612.24 ₱ 3,426,575.46 ₱ 3,768,635.01

Year 2 Year 3 Year 4 Year 5

₱ 69,036.45 ₱ 72,488.27 ₱ 76,112.69 ₱ 79,918.32

58,680.98 61,615.03 64,695.78 67,930.57
₱ 10,355.47 ₱ 10,873.24 ₱ 11,416.90 ₱ 11,987.75

Year 2 Year 3 Year 4 Year 5

₱ 18,540.00 ₱ 19,096.20 ₱ 19,669.09 ₱ 20,259.16

7,210.00 7,426.30 7,649.09 7,878.56
8,652.00 8,911.56 9,178.91 9,454.27
18,540.00 19,096.20 19,669.09 20,259.16

₱ 52,942.00 ₱ 54,530.26 ₱ 56,166.17 ₱ 57,851.15

Employment Benefits Total Monthly Salary Net Total Annual Salary Net of
SSS Philhealth Pag - ibig of Benefits Benefits
900.00 500.00 200.00 21,800.00 261,600.00
517.50 500.00 200.00 10,482.50 125,790.00
 472.50 500.00 200.00 9,227.50 110,730.00
1,890.00 1,500.00 600.00 41,510.00 498,120.00

Year 3 Year 4 Year 5

19,379.00 19,379.00 19,379.00

10,330.00 10,330.00 10,330.00
250,000.00 250,000.00 250,000.00
279,709.00 279,709.00 279,709.00

Annual
Total Cost Useful Life
Depreciation
₱ 44,000.00 5 ₱ 8,800.00
8,295.00 5 1,659.00
39,399.00 5 7,879.80
3,200.00 5 640.00
2,000.00 5 400.00
96,894.00 19,378.80

9,000.00 5 1,800.00
3,000.00 5 600.00
15,000.00 5 3,000.00
22,500.00 5 4,500.00
2,150.00 5 430.00
51,650.00 10,330.00

2,500,000.00 10 250,000.00
₱ 279,708.80

Year 3 Year 4 Year 5

₱ 551.25 ₱ 578.81 ₱ 607.75

1,764.00 1,852.20 1,944.81
282.24 296.35 311.17
551.25 578.81 607.75
2,205.00 2,315.25 2,431.01
99.23 104.19 109.40
584.33 613.54 644.22
551.25 578.81 607.75
551.25 578.81 607.75
 551.25 578.81 607.75
551.25 578.81 607.75
330.75 347.29 364.65
2,315.25 2,431.01 2,552.56
551.25 578.81 607.75
1,102.50 1,157.63 1,215.51
551.25 578.81 607.75
1,102.50 1,157.63 1,215.51
846.72 889.06 933.51
51,817.50 54,408.38 57,128.79
2,756.25 2,894.06 3,038.77
₱ 69,616.26 ₱ 73,097.07 ₱ 76,751.93

Year 2 Year 3 Year 4 Year 5

₱ 125,160.00 ₱ 125,160.00 ₱ 125,160.00 ₱ 125,160.00

72,000 72,000 72,000 72,000
28,800 28,800 28,800 28,800
78,000.00 78,000.00 78,000.00 78,000.00
₱ 303,960.00 ₱ 303,960.00 ₱ 303,960.00 ₱ 303,960.00

Year 3 Year 4 Year 5

240,000.00 240,000.00 240,000.00
240,000 240,000 240,000
 Year 3 Year 4
₱ 96,894.00 ₱ 96,894.00
- 58,137.00 - 77,516.00
51,650.00 51,650.00
- 30,990.00 - 41,320.00
2,500,000.00 2,500,000.00
- 750,000.00 - 1,000,000.00
₱ 1,809,417.00 ₱ 1,529,708.00
Year 5
₱ 96,894.00
- 96,895.00
51,650.00
- 51,650.00
2,500,000.00
- 1,250,000.00
₱ 1,249,999.00
 Watch Out
Statement of Financial Peformance
Projected Income Statement Year 1 to 5

Notes Year 1 Year 2 Year 3 Year 4

Service Revenue 1 ₱ 4,719,600.00 ₱ 5,191,560.00 ₱ 5,710,716.00 ₱ 6,281,787.60
Less: Cost of Services 2 2,575,924.00 2,832,918.40 3,115,612.24 3,426,575.46
Gross Profit ₱ 2,143,676.00 ₱ 2,358,641.60 ₱ 2,595,103.76 ₱ 2,855,212.14
Less: Operating Expenses
Office Supplies Expenses 3 55,886.65 58,680.98 61,615.03 64,695.78
Utilities Expense 4 54,400.00 52,942.00 54,530.26 56,166.17
Rent Expense 240,000.00 240,000.00 240,000.00 240,000.00
Salaries and Wages 5 498,120.00 498,120.00 498,120.00 498,120.00
Depreciation Expense 6 279,709.00 279,709.00 279,709.00 279,709.00
Permits and Licenses 7 63,144.00 66,301.20 69,616.26 73,097.07
13th Month Pay & Other Benefits 8 303,960.00 303,960.00 303,960.00 303,960.00
Repairs and Maintenance Expense 50,000.00 75,000.00 112,500.00 168,750.00
Total Operating Expenses 1,545,219.65 1,574,713.18 1,620,050.55 1,684,498.02
Net Income ₱ 598,456.35 ₱ 783,928.42 ₱ 975,053.21 ₱ 1,170,714.11
 Year 5
₱ 6,909,966.36
3,768,635.01
₱ 3,141,331.35

67,930.57
57,851.15
240,000.00
498,120.00
279,709.00
76,751.93
303,960.00
253,125.00
1,777,447.65
₱ 1,363,883.70
 Watch Out
Statement of Cash Flows
Projected for Five Years

Year 1 Year 2 Year 3 Year 4

Cash Flows from Operating Activities
Receipts:
Cash received from customers ₱ 4,719,600.00 ₱ 5,191,560.00 ₱ 5,710,716.00 ₱ 6,281,787.60
Payments:
Cost of Services 2,575,924.00 2,832,918.40 3,115,612.24 3,426,575.46
Office Supplies 65,749.00 59,174.10 62,132.80 65,239.45
Utilities 54,400.00 52,942.00 54,530.26 56,166.17
Rent 240,000.00 240,000.00 240,000.00 240,000.00
Salaries and Wages 498,120.00 498,120.00 498,120.00 498,120.00
Permits and Licenses 63,144.00 66,301.20 69,616.26 73,097.07
13th Month Pay & Other Benefits 303,960.00 303,960.00 303,960.00 303,960.00
Repairs 50,000.00 75,000.00 112,500.00 168,750.00
Total Payments made 3,851,297.00 4,128,415.70 4,456,471.56 4,831,908.15
Net Cash provided (used in) Operating Activities ₱ 868,303.00 ₱ 1,063,144.30 ₱ 1,254,244.44 ₱ 1,449,879.45

Cash Flows from Investing Activities

Cash Paid to Acquire Furnitures - 51,650.00
Cash Paid to Acquire Equipment - 96,894.00
Cash Paid to Acquire Service Vehicle - 2,500,000.00
Net Cash provided (used in) Investing Activities - 2,648,544.00

Cash Flows from Financing Activities

Cash Received from investment of Owners 4,000,000.00
Net Cash provided (used in) Financing Activities 4,000,000.00

Net Increase (Decrease) in Cash for the Year ₱ 2,219,759.00 ₱ 1,063,144.30 ₱ 1,254,244.44 ₱ 1,449,879.45
Cash Balance at the Beginning of the Year - 2,219,759.00 3,282,903.30 4,537,147.74
Cash Balance at the End of the Year ₱ 2,219,759.00 ₱ 3,282,903.30 ₱ 4,537,147.74 ₱ 5,987,027.19
 Year 5

₱ 6,909,966.36

3,768,635.01
68,501.42
57,851.15
240,000.00
498,120.00
76,751.93
303,960.00
253,125.00
5,266,944.51
₱ 1,643,021.85
₱ 1,643,021.85
5,987,027.19
₱ 7,630,049.04
 Watch Out
Statement of Changes in Partner’s Equity
For the period covered 1st year to 5th year

Year 1 Year 2 Year 3

Caldea, beginning ₱ 1,000,000.00 ₱ 1,149,614.09 ₱ 1,345,596.19
Visto, beginning 1,000,000.00 1,149,614.09 1,345,596.19
Opanto, beginning 1,000,000.00 1,149,614.09 1,345,596.19
Ecaran, beginning 1,000,000.00 1,149,614.09 1,345,596.19
Total ₱ 4,000,000.00 ₱ 4,598,456.35 ₱ 5,382,384.77
Add: Net Income 598,456.35 783,928.42 975,053.21
Additional Investment 0.00 0.00 0.00
Less: Withdrawals 0 0 0
Partner's Capital ₱ 4,598,456.35 ₱ 5,382,384.77 ₱ 6,357,437.98

Caldea, end ₱ 1,149,614.09 ₱ 1,345,596.19 ₱ 1,589,359.49

Visto, end 1,149,614.09 1,345,596.19 1,589,359.49
Opanto, end 1,149,614.09 1,345,596.19 1,589,359.49
Ecaran, end 1,149,614.09 1,345,596.19 1,589,359.49

Assumption: Partners will allocate the P/L equally

uity
year

Year 4 Year 5
₱ 1,589,359.49 ₱ 1,882,038.02
1,589,359.49 1,882,038.02
1,589,359.49 1,882,038.02
1,589,359.49 1,882,038.02
₱ 6,357,437.98 ₱ 7,528,152.09
1,170,714.11 1,363,883.70
0.00 0.00
0 0
₱ 7,528,152.09 ₱ 8,892,035.79

₱ 1,882,038.02 ₱ 2,223,008.95
1,882,038.02 2,223,008.95
1,882,038.02 2,223,008.95
1,882,038.02 2,223,008.95
 Watch Out
Projected Financial Position
For the period covered 1st year to 5th year

Note Year 1 Year 2 Year 3 Year 4

ASSETS
Current Assets
Cash ₱ 2,219,759.00 ₱ 3,282,903.30 ₱ 4,537,147.74 ₱ 5,987,027.19
Office Supplies 3 9,862 10,355 10,873 11,417

Non-Current Assets
Machinery and Equipment, net
Machinery and Equipment 9A 96,894 96,894 96,894 96,894
Accumulated Depreciation 19,379 38,758 58,137 77,515
77,515 58,136 38,757 19,379
Furnitures and Fixtures, net
Furnitures and Fixtures 9B 51,650 51,650 51,650 51,650
Accumulated Depreciation 10,330 20,660 30,990 41,320
41,320 30,990 20,660 10,330
Service Vehicle, net
Service Vehicle 9C 2,500,000 2,500,000 2,500,000 2,500,000
Accumulated Depreciation 250,000 500,000 750,000 1,000,000
2,250,000 2,000,000 1,750,000 1,500,000
TOTAL ASSETS ₱ 4,598,456.55 ₱ 5,382,384.97 ₱ 6,357,438.38 ₱ 7,528,152.69

LIABILITIES AND PARTNERS' EQUITY

Caldea, Capital ₱ 1,149,614.09 ₱ 1,345,596.19 ₱ 1,589,359.49 ₱ 1,882,038.02
Visto, Capital 1,149,614.09 1,345,596.19 1,589,359.49 1,882,038.02
Opanto, Capital 1,149,614.09 1,345,596.19 1,589,359.49 1,882,038.02
 Ecaran, Capital 1,149,614.09 1,345,596.19 1,589,359.49 1,882,038.02
TOTAL LIABILITIES AND PARTNERS' EQUITY ₱ 4,598,456.35 ₱ 5,382,384.77 ₱ 6,357,437.98 ₱ 7,528,152.09
Year 5

₱ 7,630,049.04
11,988

96,894
96,894
0

51,650
51,650
0

2,500,000
1,250,000
1,250,000
₱ 8,892,036.58

₱ 2,223,008.95
2,223,008.95
2,223,008.95
 2,223,008.95
₱ 8,892,035.79