PALAKIPACS POWDERED JUTE LTD.

STATEMENT OF COMPREHENSIVE INCOME

PROJECTED FOR THE YEAR 2017
Sales
Cost of Sales
Gross Profit
Less: Operating Expenses
Salaries Expense
SSS Contribution
Phil-Health Contribution
Pag-ibig Contribution
Office Supplies Expense
Delivery Expense
Depreciation Expense - Leasehold Improvement
Depreciation Expense - Furniture and Fixtures
Utilities Expense
Telephone Expense
Rent Expense
Permits and Licenses
Miscellaneous Expense
Total Operating Expense
Net Income before Tax
Income Tax (30%)
NET INCOME

1,817,857.14
(818,797.76)
999,059.38
(701,480.00)
(48,777.60)
(7,950.00)
(6,000.00)
(4,073.83)
(6,000.00)
(30,000.00)
(5,969.00)
(42,000.00)
(1,800.00)
(22,500.00)
(54,300.00)
(2,500.00)
(933,350.43)
65708.95
(19712.69)
45996.27

PALAKIPACS POWDERED JUTE LTD.

STATEMENT OF COMPREHENSIVE INCOME
PROJECTED FOR THE YEAR 2018
Sales
Cost of Sales
Gross Profit
Less: Operating Expenses
Salaries Expense
SSS Contribution
Phil-Health Contribution
Pag-ibig Contribution
Office Supplies Expense
Delivery Expense
Depreciation Expense - Leasehold Improvement
Depreciation Expense - Furniture and Fixtures
Utilities Expense
Telephone Expense
Rent Expense
Permits and Licenses
Miscellaneous Expense
Total Operating Expense
Net Income before Tax

1,800,892.86
(842,198.53)
958,694.33
(701,480.00)
(48,777.60)
(7,950.00)
(6,000.00)
(13,352.31)
(7,200.00)
(30,000.00)
(5,969.00)
(42,420.00)
(1,818.00)
(22,500.00)
(5,450.00)
(2,500.00)
(895,416.91)

Income Tax (30%)

63,277.42
(18,983.2
3)

NET INCOME

44,294.19

PALAKIPACS POWDERED JUTE LTD.

STATEMENT OF COMPREHENSIVE INCOME
PROJECTED FOR THE YEAR 2019
Sales
Cost of Sales
Gross Profit
Less: Operating Expenses
Salaries Expense
SSS Contribution
Phil-Health Contribution
Pag-ibig Contribution
Office Supplies Expense
Delivery Expense
Depreciation Expense - Leasehold Improvement
Depreciation Expense - Furniture and Fixtures
Utilities Expense
Telephone Expense
Rent Expense
Permits and Licenses
Miscellaneous Expense
Total Operating Expense

2,013,392.86
(884,726.70)
1,128,666.16
(701,480.00)
(48,777.60)
(7,950.00)
(6,000.00)
(13,753.57)
(8,640.00)
(30,000.00)
(5,250.00)
(42,844.20)
(1,836.00)
(22,500.00)
(5,450.00)
(2,500.00)
(897,700.37)

Net Income before Tax

Income Tax (30%)

230,965.79
(69,289.74)

NET INCOME

161,676.05

PALAKIPACS POWDERED JUTE LTD.

STATEMENT OF COMPREHENSIVE INCOME
PROJECTED FOR THE YEAR 2020
Sales
Cost of Sales
Gross Profit
Less: Operating Expenses
Salaries Expense
SSS Contribution
Phil-Health Contribution
Pag-ibig Contribution
Office Supplies Expense
Delivery Expense
Depreciation Expense - Leasehold Improvement
Depreciation Expense - Furniture and Fixtures
Utilities Expense
Telephone Expense
Rent Expense
Permits and Licenses
Miscellaneous Expense
Total Operating Expense
Net Income before Tax
Income Tax (30%)
NET INCOME

2,187,500.00
(917,745.50)
1,269,754.50
(701,480.00)
(48,777.60)
(7,950.00)
(6,000.00)
(14,165.39)
(10,368.00)
(30,000.00)
(5,969.00)
(43,272.64)
(1,854.00)
(22,500.00)
(30,450.00)
(2,500.00)
(925,286.63)
344,467.87
(103,340.36)
(241,127.51)

PALAKIPACS POWDERED JUTE LTD.

STATEMENT OF COMPREHENSIVE INCOME
PROJECTED FOR THE YEAR 2021
Sales
Cost of Sales
Gross Profit
Less: Operating Expenses
Salaries Expense
SSS Contribution
Phil-Health Contribution
Pag-ibig Contribution
Office Supplies Expense
Delivery Expense
Depreciation Expense - Leasehold Improvement
Depreciation Expense - Furniture and Fixtures
Utilities Expense
Telephone Expense
Rent Expense
Permits and Licenses
Miscellaneous Expense
Total Operating Expense
Net Income before Tax
Income Tax (30%)
NET INCOME

2,382,142.86
(959,973.08)
1,422,169.78
(701,480.00)
(48,777.60)
(7,950.00)
(6,000.00)
(14,590.35)
(12,442.00)
(30,000.00)
(5,969.00)
(43,705.37)
(1,873.00)
(22,500.00)
(5,450.000)
(2,500.00)
(903,237.32)
518,932.46
(155,679.74)
363,252.72