Professional Documents
Culture Documents
ASPECT
FINANCIAL ASPECT
132
PROJECT COST
Initial investments in fixed assets, see Schedule 2
Preoperating costs, see Schedule 4
Working capital (initial cash requirement; separate schedule)
Total Project Cost
WORKING CAPITAL
Minimum cash balance to hold
791,445.00
279,100.00
500,000.00
1,570,545.00
500,000.00
B. Sources of Funds
The sources of funds came from the agreement of the partners to contribute to
their personal savings and a loan from the bank, Php 600,000.00. The amount
contributed by each partner is as follows:
Adornado, Melrinn Kaye
Php 137,500
Php 137,500
Geralde, Kezia
Php 137,500
Php 137,500
Php 137,500
Palmario, Bernadette
Php 137,500
Respicio, Ericka
Php 137,500
Tenorio, Jerick
Php 137,500
Capital Contribution
Loan
Php 1,100,000
Php 600,000
Php 1,700,000.00
FINANCIAL ASPECT
133
Year 2
Year 3
Year 4
Year 5
OPERATING ACTIVITIES
Net Income
Add: depreciation and amortization, noncash charges to
income
Total
932,535.44
167,964.50
941,306.60
167,964.50
1,030,253.28
167,964.50
1,129,855.17
167,964.50
1,293,953.41
167,964.50
1,100,499.94
1,109,271.10
1,198,217.78
1,297,819.67
1,461,917.91
(110,140.03)
(43,121.62)
(103,323.37)
-
(2,202.80)
(1,034.75)
(2,719.91)
-
(4,538.65)
(1,064.34)
(2,874.48)
-
(5,914.20)
(2,062.74)
(3,041.24)
-
(7,465.98)
(1,738.91)
(3,221.36)
-
648,767.93
85,714.29
1,856.04
(12,244.90)
37,891.74
(10,495.63)
45,576.58
(8,996.25)
72,817.20
(7,711.07)
FINANCIAL ASPECT
134
1,578,397.14
1,092,924.79
1,217,136.41
1,323,381.82
1,514,597.79
INVESTING ACTIVITIES
Purchase of Property and Equipment
Decrease (Increase) in Other Non-Current Assets
Net Cash Flows Provided by Investing Activities
(791,445.00)
(279,100.00)
(1,070,545.00)
FINANCING ACTIVITIES
Capital Contribution
Partners' Drawing
Increase (decrease) Loan Payable - Non-current portion
Net Cash Flows Provided by Financing Activities
1,100,000.00
(373,014.18)
514,285.71
1,241,271.54
(376,522.64)
(73,469.39)
(449,992.03)
(412,101.31)
(62,973.76)
(475,075.07)
(451,942.07)
(53,977.51)
(505,919.58)
(517,581.36)
(46,266.44)
(563,847.80)
1,749,123.67
1,749,123.67
642,932.76
1,749,123.67
2,392,056.43
742,061.34
2,392,056.43
3,134,117.78
817,462.24
3,134,117.78
3,951,580.02
950,749.99
3,951,580.02
4,902,330.01
FINANCIAL ASPECT
135
Year 1
Year 2
Year 3
Year 4
Year 5
Sales Revenue
Less: Cost of Goods Sold
Gross Income
6
7
5,664,344.30
2,217,683.52
3,446,660.78
5,777,631.19
2,270,899.14
3,506,732.04
6,011,047.49
2,325,636.66
3,685,410.83
6,315,206.49
2,431,720.27
3,883,486.21
6,699,171.04
2,521,149.73
4,178,021.32
2,066,467.30
1,380,193.48
2,120,865.46
1,385,866.58
2,178,355.13
1,507,055.70
2,239,179.99
1,644,306.22
2,303,607.24
1,874,414.08
Non-Operating
Net Income Before Tax
Income Tax (30%)
Net Income After Tax
48,000.00
1,332,193.48
399,658.05
932,535.44
41,142.86
1,344,723.72
403,417.12
941,306.60
35,265.31
1,471,790.39
441,537.12
1,030,253.28
30,227.41
1,614,078.82
484,223.65
1,129,855.17
25,909.20
1,848,504.87
554,551.46
1,293,953.41
68,933.22
399,658.05
399,658.05
70,134.64
403,417.12
403,417.12
73,708.22
441,537.12
441,537.12
77,669.72
484,223.65
484,223.65
83,560.43
554,551.46
554,551.46
FINANCIAL ASPECT
136
2
3
TOTAL ASSETS
Year 1
Year 2
Year 3
Year 4
Year 5
1,749,123.67
110,140.03
43,121.62
103,323.37
2,005,708.69
2,392,056.43
112,342.83
44,156.37
106,043.27
2,654,598.91
3,134,117.78
116,881.48
45,220.71
108,917.76
3,405,137.72
3,951,580.02
122,795.68
47,283.45
111,959.00
4,233,618.15
4,902,330.01
130,261.66
49,022.36
115,180.36
5,196,794.39
679,300.50
223,280.00
902,580.50
567,156.00
167,460.00
734,616.00
455,011.50
111,640.00
566,651.50
342,867.00
55,820.00
398,687.00
230,722.50
230,722.50
2,908,289.19
3,389,214.91
3,971,789.22
4,632,305.15
5,427,516.89
FINANCIAL ASPECT
137
4
5
648,767.93
85,714.29
734,482.21
650,623.97
73,469.39
724,093.36
688,515.71
62,973.76
751,489.47
734,092.29
53,977.51
788,069.80
806,909.49
46,266.44
853,175.93
514,285.71
514,285.71
440,816.33
440,816.33
377,842.57
377,842.57
323,865.06
323,865.06
277,598.62
277,598.62
TOTAL LIABILITIES
1,248,767.93
1,164,909.68
1,129,332.03
1,111,934.86
1,130,774.55
1,100,000.00
932,535.44
373,014.18
1,659,521.26
1,659,521.26
941,306.60
376,522.64
2,224,305.23
2,224,305.23
1,030,253.28
412,101.31
2,842,457.19
2,842,457.19
1,129,855.17
451,942.07
3,520,370.29
3,520,370.29
1,293,953.41
517,581.36
4,296,742.34
2,908,289.19
3,389,214.91
3,971,789.22
4,632,305.15
5,427,516.89
FINANCIAL ASPECT
138
FINANCIAL ASPECT
Year 1
Year 2
Year 3
Year 4
Year 5
18,480.70
6,160.23
18,480.70
43,121.62
18,924.16
6,308.05
18,924.16
44,156.37
19,380.31
6,460.10
19,380.31
45,220.71
20,264.34
6,754.78
20,264.34
47,283.45
21,009.58
7,003.19
21,009.58
49,022.36
Year 1
Year 2
Year 3
Year 4
Year 5
180,000.00
70,845.00
140,600.00
400,000.00
791,445.00
112,144.50
180,000.00
70,845.00
140,600.00
400,000.00
791,445.00
224,289.00
180,000.00
70,845.00
140,600.00
400,000.00
791,445.00
336,433.50
180,000.00
70,845.00
140,600.00
400,000.00
791,445.00
448,578.00
180,000.00
70,845.00
140,600.00
400,000.00
791,445.00
560,722.50
679,300.50
567,156.00
455,011.50
342,867.00
230,722.50
Year 1
Year 2
Year 3
Year 4
Year 5
279,100.00
279,100.00
279,100.00
279,100.00
279,100.00
139
Total
Less: Amortization
TOTAL OTHER NON-CURRENT ASSETS
BALANCES
Note 4
TRADE AND OTHER PAYABLES
Accounts Payable
SSS Payable
PHILHEALTH Payable
HDMF Payable
Withholding Tax Payable
Income Tax Payable
Interest Payable
Accrued Expenses
TOTAL TRADE AND OTHER PAYABLES
BALANCES
Note 5
LOAN PAYABLE
Loan Payable Balance
Less: Payable a year after reporting period - current
portion
Loan Payable -Non-current Portion
Note 6
FINANCIAL ASPECT
279,100.00
55,820.00
279,100.00
111,640.00
279,100.00
167,460.00
279,100.00
223,280.00
279,100.00
279,100.00
223,280.00
167,460.00
111,640.00
55,820.00
Year 1
Year 2
Year 3
Year 4
Year 5
43,121.62
8,505.00
2,025.00
1,800.00
399,658.05
48,000.00
145,658.26
44,156.37
8,760.15
2,085.75
1,854.00
403,417.12
41142.85714
149,207.72
45,220.71
9,022.95
2,148.32
1,909.62
441,537.12
35,265.31
153,411.67
47,283.45
9,293.64
2,212.77
1,966.91
484,223.65
30,227.41
158,884.47
49,022.36
9,572.45
2,279.16
2,025.92
554,551.46
25,909.20
163,548.94
648,767.93
650,623.97
688,515.71
734,092.29
806,909.49
Year 1
Year 2
Year 3
Year 4
Year 5
600,000.00
514,285.71
440,816.33
377,842.57
323,865.06
85714.28571
73469.38776
62973.76093
53977.50937
46266.4366
514,285.71
440,816.33
377,842.57
323,865.06
277,598.62
Year 1
Year 2
Year 3
Year 4
Year 5
140
SALES
Projected Sales
TOTAL BALANCE
Note 7
COST OF GOODS MANUFACTURED AND SOLD
Direct materials
Direct labor
Manufacturing overhead
Total manufacturing cost
Add: Work in process, beginning
Less: Work in process, end
Cost of goods manufactured
Add: Finished goods, beginning
Less: Finished goods, end
TOTAL COST OF GOODS SOLD
FINANCIAL ASPECT
5,664,344.30
5,664,344.30
5,777,631.19
5,777,631.19
6,011,047.49
6,011,047.49
6,315,206.49
6,315,206.49
6,699,171.04
6,699,171.04
Year 1
Year 2
Year 3
Year 4
Year 5
1,395,626.56
402,624.00
444,073.89
2,242,324.44
6,160.23
2,236,164.21
18,480.70
2,217,683.52
1,408,202.53
406,252.04
457,036.94
2,271,491.51
6,160.23
6,308.32
2,271,343.42
18,480.70
18,924.97
2,270,899.14
1,436,366.58
414,377.08
475,501.23
2,326,244.90
6,308.32
6,460.38
2,326,092.84
18,924.97
19,381.15
2,325,636.66
1,494,395.79
443,797.85
494,711.48
2,432,905.13
6,460.38
6,756.60
2,432,608.92
19,381.15
20,269.79
2,431,720.27
1,554,769.38
452,673.81
514,697.83
2,522,141.02
6,756.60
7,004.42
2,521,893.20
20,269.79
21,013.26
2,521,149.73
141
D. Indices
Liquidity Ratio
Liquidity Ratios
Current ratio (a)
Acid test ratio (b)
Average collection period (days)
Accounts receivable turnover (times)
Inventory turnover (times)
Raw materials
Work in process
Finished goods
Year 1
Year 2
Year 3
Year 4
Year 5
2.73
2.53
7
51.43
3.67
3.46
7
51.43
4.53
4.33
7
51.43
5.37
5.17
7
51.43
6.09
5.90
7
51.43
3.00
1.00
3.00
3.00
1.00
3.00
3.00
1.00
3.00
3.00
1.00
3.00
3.00
1.00
3.00
Note:
(a) Peso of current asset for every peso of current liability
(b) Peso of quick assets for every peso of current liability
Solvency Ratio
Solvency Ratios
Year 1
Year 2
Year 3
Year 4
Year 5
57%
66%
72%
76%
79%
43%
34%
28%
24%
21%
Year 1
Year 2
Year 3
Year 4
Year 5
Return on Investment
47%
66%
61%
57%
56%
24%
23%
24%
26%
28%
80%
104%
87%
76%
71%
Return Ratio
Return Ratios
FINANCIAL ASPECT
142
Return on assets
46%
64%
60%
56%
55%
Asset turnover
1.95
2.75
2.45
2.20
2.00
Payback Period
Payback Period
Cash Flow
Year 1
Year 2
Year 3
Year 4
1,100,499.94
1,109,271.10
1,198,217.78
1,297,819.67
Year 5
1,461,917.91
Net
Investment
Payback
Period (yrs)
1,700,000.00
599,500.06
1.00
0.54
1.54
Contribution Margin
Contribution Margin
Year 1
Year 2
Year 3
Year 4
Year 5
340.61
340.61
347.42
357.84
372.16
133.35
133.88
134.42
137.83
140.08
207.26
206.73
213.00
220.02
232.08
60.85%
60.69%
61.31%
61.48%
62.36%
Year 1
Year 2
Year 3
Year 4
Year 5
Units
9971
10259
10227
10177
9926
Peso value
3,396,093
3,494,399
3,553,079
3,641,900
3,694,067
Breakeven Sales
FINANCIAL ASPECT
143
Growth Rates
Growth Rates
Gross revenue
NA
2%
4%
5%
6%
Net income
NA
1%
9%
10%
15%
Total assets
NA
17%
17%
17%
17%
Data
30%
FINANCIAL ASPECT
7
3
1
3
5%
7
3%
5%
8%
7
40%
144
Quantity
Year 2
Year 3
Year 4
Year 5
2%
2%
2%
2%
Year 2
0%
0%
2%
FINANCIAL ASPECT
Selling
Price
0%
2%
3%
4%
Growth Rates
Year 3
Year 4
0%
2%
0%
5%
2%
2%
Year 5
2%
0%
2%
Growth
Rates
0%
3%
0%
15%
5%
3%
0%
3%
3%
5%
10%
0%
0%
0%
145
F. Schedules
Sales Data
340.61
Year 1
Quantity
16,630
Average
Selling
Price
340.61
Total
5,664,344.30
2%
2%
2%
2%
Quantity
Year 2
Year 3
Year 4
Year 5
16,963
17,302
17,648
18,001
Selling
Price
0%
2%
3%
4%
Selling
Price
340.61
347.42
357.84
372.16
Total
5,777,631.19
6,011,047.49
6,315,206.49
6,699,171.04
Note: For break-even analysis, average selling price is equal to unit selling price.
FINANCIAL ASPECT
146
Description
PROPERTY, PLANT AND
EQUIPMENT
Machinery Tools and
Equipment
Items (See Attached
Document)
Total Machinery, Tools and
Equipment
Amount
Estimated
Life
(Years)
Year 1
Year 2
Year 3
Year 4
Year 5
180,000.00
36,000.00
36,000.00
36,000.00
36,000.00
36,000.00
36,000.00
36,000.00
36,000.00
36,000.00
36,000.00
7,084.50
7,084.50
7,084.50
7,084.50
7,084.50
7,084.50
7,084.50
7,084.50
7,084.50
7,084.50
14,060.00
14,060.00
14,060.00
14,060.00
14,060.00
14,060.00
14,060.00
14,060.00
14,060.00
14,060.00
25,000.00
30,000.00
55,000.00
25,000.00
30,000.00
55,000.00
25,000.00
30,000.00
55,000.00
25,000.00
30,000.00
55,000.00
25,000.00
30,000.00
55,000.00
180,000.00
70,845.00
Office Equipment
Items (See Attached
Document)
Total office equipment
140,600.00
Others
Truck
Leasehold Improvement
Total Others
TOTAL at END of YEAR 1
Total Annual Depreciation
Expense
Pre-operating costs (separate
schedule)
Total Depreciation and
Amortization
FINANCIAL ASPECT
10
70,845.00
10
140,600.00
250,000.00
150,000.00
400,000.00
10
5
791,445.00
112,144.50 112,144.50 112,144.50 112,144.50 112,144.50
279,100.00
55,820.00
55,820.00
55,820.00
55,820.00
55,820.00
147
NOTE 7
COST OF GOODS MANUFACTURED AND
SOLD
Direct materials
Direct labor
Manufacturing overhead
Total manufacturing cost
Add: Work in process, beginning
Less: Work in process, end
Cost of goods manufactured
Add: Finished goods, beginning
Less: Finished goods, end
TOTAL COST OF GOODS SOLD
Year 1
Year 2
Year 3
Year 4
Year 5
1,395,626.56
402,624.00
444,073.89
2,242,324.44
6,160.23
2,236,164.21
18,480.70
2,217,683.52
1,408,202.53
406,252.04
457,036.94
2,271,491.51
6,160.23
6,308.32
2,271,343.42
18,480.70
18,924.97
2,270,899.14
1,436,366.58
414,377.08
475,501.23
2,326,244.90
6,308.32
6,460.38
2,326,092.84
18,924.97
19,381.15
2,325,636.66
1,494,395.79
443,797.85
494,711.48
2,432,905.13
6,460.38
6,756.60
2,432,608.92
19,381.15
20,269.79
2,431,720.27
1,554,769.38
452,673.81
514,697.83
2,522,141.02
6,756.60
7,004.42
2,521,893.20
20,269.79
21,013.26
2,521,149.73
FINANCIAL ASPECT
15,000.00
30,000.00
100,000.00
60,000.00
40,000.00
20,000.00
9,100.00
5,000.00
279,100.00
148
Note 8
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Expense Item
Note*
OPERATING EXPENSES
Depreciation and Amortization Expense
Fringe Benefit Expense
HDMF Expense
Marketing Expense
Miscellaneous Expense
PHILHEALTH Expense
Rent Expense
Salaries and Wages
SSS Expense
Supplies Expense
Gas and Oil Expense
Utilities Expense
FINANCIAL ASPECT
Estimated
First Year
Expense
Estimated
Annual
Growth
Year 1
Year 2
Year 3
Year 4
Year 5
131,964.50
95,530.00
10,800.00
9,100.00
10,000.00
12,150.00
600,000.00
898,464.00
68,704.80
53,754.00
104,000.00
72,000.00
0%
3%
0%
15%
5%
3%
0%
3%
3%
5%
10%
10%
0%
0%
0%
131,964.50
95,530.00
10,800.00
9,100.00
10,000.00
12,150.00
600,000.00
898,464.00
68,704.80
53,754.00
104,000.00
72,000.00
-
131,964.50
98,395.90
10,800.00
10,465.00
10,500.00
12,514.50
600,000.00
925,417.92
70,765.94
56,441.70
114,400.00
79,200.00
-
131,964.50
101,347.78
10,800.00
12,034.75
11,025.00
12,889.94
600,000.00
953,180.46
72,888.92
59,263.79
125,840.00
87,120.00
-
131,964.50
104,388.21
10,800.00
13,839.96
11,576.25
13,276.63
600,000.00
981,775.87
75,075.59
62,226.97
138,424.00
95,832.00
-
131,964.50
107,519.86
10,800.00
15,915.96
12,155.06
13,674.93
600,000.00
1,011,229.15
77,327.86
65,338.32
152,266.40
105,415.20
-
2,066,467.30
2,120,865.46
2,178,355.13
2,239,179.99
2,303,607.24
2,066,467.30
149
G. Payroll
EMPLOYEES' PAYROLL
Administration
Administrative Assistant
Janitor
Security officer
Consultant - Accountant
Total Administrative Salaries &
Wages
Selling
Sales Representative 1
Sales Representative 2
Driver
Delivery Crew
Total Selling Salaries & Wages
SSS
PhilHealth
HDMF
EE
Withholding
Tax
Net
Salary
13th
Month
Pay
Other
Bonuses
100
-
8,762.30
12,000.00
10,000.00
10,000.00
9,320.00
-
2,330.00
-
100.00 100.00
40,762.30
9,320.00
2,330.00
MONTHLY
SALARY
ER/EC
EE
ER
EE
ER
9,320.00
12,000.00
10,000.00
10,000.00
709.80
-
345.20
-
112.50
-
112.50
-
100
-
41,320.00
709.80
345.20
112.50
112.50
11,184.00
11,184.00
5,592.00
5,592.00
33,552.00
820.30
399.70
820.30
399.70
415.20
199.80
415.20
199.80
2,471.00 1,199.00
137.50
137.50
100
100
475.00
137.50
137.50
100
100
475.00
100
100
100
100
100
100
100
100
400.00 400.00
10,546.80
10,546.80
5,192.20
5,192.20
31,478.00
11,184.00
11,184.00
5,592.00
5,592.00
33,552.00
2,796.00
2,796.00
1,398.00
1,398.00
8,388.00
Production
Supervisor
Assembler 1
Assembler 2
Graphic Artist
Total Production Salaries & Wages
9,320.00
7,456.00
7,456.00
9,320.00
33,552.00
709.80
345.20
562.50
272.50
562.50
272.50
709.80
345.20
2,544.60 1,235.40
112.50
100
100
112.50
425.00
112.50
100
100
112.50
425.00
100
100
100
100
100
100
100
100
400.00 400.00
8,762.30
6,983.50
6,983.50
8,762.30
31,491.60
9,320.00
7,456.00
7,456.00
9,320.00
33,552.00
2,330.00
1,864.00
1,864.00
2,330.00
8,388.00
TOTAL
108,424.00
103,731.90
76,424.00
19,106.00
FINANCIAL ASPECT
150
FINANCIAL ASPECT
151