AQUABEST WATER REFILLING STATION
Statement of Changes in Owner's Equity
FOR THE THREE (3) YEAR PERIOD
Preoperating Year 1 Year 2 Year 3
Beginning balance 800,000.00 800,000.00 1,370,841.68 1,928,998.03
Net Income 570,841.68 558,156.35 645,551.36
Permanent Withdrawals - - - -
Ending Balance 800,000.00 1,370,841.68 1,928,998.03 2,574,549.39
AQUABEST WATER REFILLING STATION
CASH FLOW STATEMENT
FOR THE THREE (3) YEAR PERIOD
Cash flow from operating activities PRE-OPERATING YEAR 1
Net Income 570,841.68
Add: Depreciation 34,466.67
Increased/ (decreased) in SSS, PHIC and HDMF 96,599.40
Increased/ (decreased) in VAT Payable 13,193.85
Cash flow provided by operating activities - 715,101.60
Cash flow from investing activities
Improvement of building (80,000.00)
Construction of leasehold improvements (75,000.00)
Purchase of equipment (412,000.00)
Cash used by investing activities (567,000.00) -
Cash flow from financing activities
Investment by owner 800,000.00
Cash provided by financing activities 800,000.00 -
Change in cash 233,000.00 715,101.60
Cash, beginning of the year 233,000.00
CASH, end of the year 233,000.00 948,101.60
STATION
T
YEAR 2 YEAR 3
558,156.35 645,551.36
68,933.33 103,400.00
99,959.90 104,759.40
1,316.62 1,452.43
728,366.21 855,163.18
- -
- -
728,366.21 855,163.18
948,101.60 1,676,467.81
1,676,467.81 2,531,630.99
AQUABEST WATER REFILLING STATION
BALANCE SHEET
FOR THE THREE (3) YEAR PERIOD
PRE-OPERATING
ASSETS
Current Assets
Cash 233,000.00
Total Current Assets 233,000.00
Non Current Assets
Plant, Property and Equipment 567,000.00
Accumulated Depreciation -
Total Non Current Assets 567,000.00
TOTAL ASSETS 800,000.00
LIABILITIES
SSS, PHIC and HDMF Payable -
VAT PAYABLE -
TOTAL LIABILITIES -
OWNERS EQUITY 800,000.00
-
TOTAL LIABILITIES AND OWNERS EQUITY 800,000.00
ILLING STATION
HEET
EAR PERIOD
YEAR 1 YEAR 2 YEAR 3
948,101.60 1,676,467.81 2,531,630.99
948,101.60 1,676,467.81 2,531,630.99
567,000.00 680,000.00 680,000.00
34,466.67 68,933.33 103,400.00
532,533.33 611,066.67 576,600.00
1,480,634.93 2,287,534.47 3,108,230.99
96,599.40 99,959.90 104,759.40
13,193.85 14,510.47 15,962.90
109,793.25 114,470.37 120,722.30
1,370,841.68 1,928,998.03 2,574,549.39
1,480,634.93 2,287,534.47 3,108,230.99
AQUABEST WATER REFILLING STATION
PROFIT AND LOSS STATEMENT
FOR THE THREE (3) YEAR PERIOD
YEAR 1
SALES 1,521,000.00
EXPENSES
Salaries 595,440.00
SSS, Philhealth and Pag-ibig 96,599.40
Supplies Expense 47,222.25
Taxes and Licenses 15,380.00
Electricity, Water and Advertising Expense 78,420.00
Depreciation 34,466.67
Repairs and Maintenance 70,630.00
Insurance 12,000.00
TOTAL EXPENSES 950,158.32
Net Income 570,841.68
555,461.68
WATER REFILLING STATION
T AND LOSS STATEMENT
HREE (3) YEAR PERIOD
YEAR 2 YEAR 3
1,673,100.00 1,840,410.00
613,303.20 631,702.30
99,959.90 104,759.40
48,638.92 50,098.09
83,655.00 92,020.50
117,117.00 128,828.70
68,933.33 103,400.00
71,336.30 72,049.66
12,000.00 12,000.00
1,114,943.65 1,194,858.64
558,156.35 645,551.36
474,501.35 553,530.86
Salaries DAILY MONTHLY YEAR 1 YEAR 2
General Manager 500 15,000.00 15,000.00 15,450.00
Cashier 368 11,040.00 11,040.00 11,371.20
Bookkeeper 1,500.00 1,500.00 1,545.00
Refiller 368 11,040.00 11,040.00 11,371.20
Delivery Man 368 11,040.00 11,040.00 11,371.20
TOTAL 49,620.00 595,440.00 613,303.20
advertusing expense assumed at 4000
Electricity expense assumed at 2 % of sales
annual depreciation
Leasehold improvements 75,000.00 25 years 3,000.00
Equipment 412,000.00 15 years 27,466.67
Building 80,000.00 20 years 4,000.00
Accounts payable at year end pertains to SSS, Philhealth and HDMF contributions for December to be remitted in January o
YEAR 3 SSS Monthly Yearly
15,913.50 General Manager 960.00 960.00 11,520.00
11,712.34 Cashier 960.00 960.00 11,520.00
1,591.35 Bookkeeper 960.00 960.00 11,520.00
11,712.34 Refiller 960.00 960.00 11,520.00
11,712.34 Delivery Man 960.00 960.00 11,520.00
631,702.30 4,800.00 57,600.00
SSS PHILHEALTH PAG IBIG PAYABLE
YEAR 1 YEAR 2 YEAR 3
General Manager 19,319.88 20,759.88 21,719.88
depreciation Cashier 19,319.88 19,799.88 20,759.88
Bookkeeper 19,319.88 19,799.88 20,759.88
Refiller 19,319.88 19,799.88 20,759.88
Delivery Man 19,319.88 19,799.88 20,759.88
TOTAL 96,599.40 99,959.40 104,759.40
mber to be remitted in January of the next year
Philhealth Monthly Yearly HDMF Yearly
549.99 549.99 6,599.88 100.00 1,200.00
549.99 549.99 6,599.88 100.00 1,200.00
549.99 549.99 6,599.88 100.00 1,200.00
549.99 549.99 6,599.88 100.00 1,200.00
549.99 549.99 6,599.88 100.00 1,200.00
2,749.95 2,749.95 32,999.40 500.00 6,000.00 TOTAL 96,599.40
Number of customers in a month 200 containers per day
Sales
5 Gallons Round Type 100% 25 DAILY SALES MONTHLY SALES
WITH DELIVERY CHARGE 50% 25 2,525.00 75,750.00
WALK IN 20% 20 800.00 24,000.00
RETAILING 30% 15 900.00 27,000.00
TOTAL
GROSS SALES 1,521,000.00
OUTPUT VAT 182,520.00
NET OF VAT 1,703,520.00
ANNUAL SALES
909,000.00
288,000.00
324,000.00
1,521,000.00
30,420.00
45,630.00
SALES
Number of customers in a month
SALES
Number of customers in a month 200 containers per day
Sales
5 Gallons Round Type 100% 25.00
WITH DELIVERY CHARGE 50% 25.00
WALK IN 20% 20.00
RETAILING 30% 15.00
GROSS SALES
OUTPUT VAT
NET OF VAT
VAT PAYABLE
PARTICULARS YEAR 1
OUTPUT VAT 162,964.29
INPUT VAT 4,638.08
158,326.21
VAT PAYABLE 13,193.85
iners per day
DAILY SALES MONTHLY SALES ANNUAL SALES
2,525.00 75,750.00 909,000.00
800.00 24,000.00 288,000.00
900.00 27,000.00 324,000.00
TOTAL 1,521,000.00
YEAR 1 YEAR 2 YEAR 3
1,521,000.00 1,673,100.00 1,840,410.00
182,520.00 200,772.00 220,849.20
1,338,480.00 1,472,328.00 1,619,560.80
YEAR 2 YEAR 3
179,260.71 197,186.79
5,135.02 5,631.95
174,125.70 191,554.83
14,510.47 15,962.90
Property, Plant and Equipment
Year 1 Year 2 Year 3
Leasehold improvements 75,000.00 75,000.00 75,000.00
Equipment 412,000.00 562,000.00 562,000.00
Building 80,000.00 80,000.00 80,000.00
Total 567,000.00 717,000.00 717,000.00
Accumulated Depreciation
Year 1 Year 2 Year 3
Leasehold improvements 3,000.00 6,000.00 9,000.00
Equipment 27,466.67 54,933.33 82,400.00
Building 4,000.00 8,000.00 12,000.00
Total 34,466.67 68,933.33 103,400.00
SUPPLIES INVENTORY
DESCRIPTION QUANTITY COST PER UNIT TOTAL COST
CAP SEAL 1200 ₱ 3.00 ₱ 3,600.00
ROUND GALLON 1200 ₱ 21.00 ₱ 25,200.00
PULL TAB STICKER 500 ₱ 3.00 ₱ 1,500.00
DISPOSABLE CAP 1200 ₱ 3.00 ₱ 3,600.00
NON-SPILL CAP 1200 ₱ 3.00 ₱ 3,600.00
HEAT GUN 2 ₱ 1,100.00 ₱ 2,200.00
STICKERS 1000 ₱ 3.00 ₱ 3,000.00
ALCOHOL 1 ₱ 420.00 ₱ 420.00
SCRUB/FOAM 5 ₱ 33.75 ₱ 168.75
MOP 2 ₱ 50.00 ₱ 100.00
CASH RECEIPT 5 ₱ 50.00 ₱ 250.00
BALLPEN 20 ₱ 3.45 ₱ 69.00
RECORDBOOK 5 ₱ 49.00 ₱ 245.00
CALCULATOR 1 ₱ 350.00 ₱ 350.00
TRASH CAN 3 ₱ 112.50 ₱ 337.50
TRASH BAG 5 ₱ 23.40 ₱ 117.00
UNSCENTE D SOAP 2 ₱ 150.00 ₱ 300.00
LOAD 1 ₱ 1,000.00 ₱ 1,000.00
BROOM 3 ₱ 30.00 ₱ 90.00
PAIL 3 ₱ 25.00 ₱ 75.00
GASOLINE 20 ₱ 50.00 ₱ 1,000.00
TOTAL 6378 ₱ 3,483.10 ₱ 47,222.25
SCHEDULE 6.1 LEASEHOLD IMPROVEMENTS
LEASEHOLD IMPROVEMENTS COST RESIDUAL VALUE
Electrical Works 30,000.00 7,500.00
Plumbing 25,000.00 3,500.00
Paint Works 20,000.00 2,000.00
Total Leasehold Improvements 75,000.00 13,000.00
DEPRECIABLE AMOUNT USEFUL LIFE (YEARS) ANNUAL DEPRECIATION
17,500.00 22 1,163.64
13,500.00 22 1,036.36
9,000.00 22 864.00
40,000.00 3,064.00
PRECIATION
SCHEDULE 7 TAXES AND LICENSES
PARTICULARS YEAR 1 YEAR 2 YEAR 3
DTI REGISTRATION 1,050.00 - -
TAX CLEARANCE 25.00 25.00 25.00
BRGY. CLEARANCE 50.00 50.00 50.00
MAYOR'S PERMIT 250.00 250.00 250.00
SANITARY PERMIT 500.00 500.00 500.00
BIR REG. FEE 515.00 515.00 515.00
TAXES 12,990.00 12,990.00 12,990.00
TOTAL 15,380.00 14,330.00 14,330.00
EQUIPMENT
EQUIPMENT COST QUANTITY
WATER REFILLING MACHINE 105,000.00 1
WATER DISPENSER 10,000.00 2
SURVEILLANCE CAMERAS 1,900.00 7
SEALER MACHINE 1,000.00 1
WALL FAN 1,940.00 5
WATER TREATMENT SYSTEM 105,000.00 1
CABINET WITH DRAWER 2,000.00 1
CHAIRS 260.00 5
DELIVERY VEHICLE 150,000.00 1
AUTOMATIC EMERGENCY LIGHTS 1,200.00 30
TOTAL 378,300.00
DEPRECIABLE ESTIMATED LIFE ANNUAL
TOTAL COST RESIDUAL VALUE
AMOUNT (YEARS) DEPRECIATION
90,000.00 109,325.00 4,325.00 12 8,650.00
20,000.00 10,416.67 416.67 12 833.33
12,000.00 1,979.17 79.17 12 158.33
1,000.00 1,041.67 41.67 12 83.33
9,700.00 2,020.83 80.83 12 161.67
90,000.00 109,175.00 4,175.00 12 8,350.00
2,000.00 2,083.33 83.33 12 166.67
1,300.00 270.83 10.83 12 21.67
150,000.00 156,250.00 6,250.00 12 12,500.00
36,000.00 1,988.86 788.86 12 1,577.71
412,000.00 77,920.00 16,251.36 27,466.67
UTILITIES AND ADVERTISING EXPENSE
Monthly Year 1 Year 2 Year 3
ADVERTISING 4,000.00 48,000.00 48,000.00 48,000.00
ELECTRICITY& WATER 2,535.00 30,420.00 30,420.00 30,420.00
TOTAL 78,420.00 78,420.00 78,420.00
DEPRECIATION EXPENSE
Year 1 Year 2 Year 3
Leasehold improvements 3,000.00 6,000.00 9,000.00
Equipment 27,466.67 54,933.33 82,400.00
Building 4,000.00 8,000.00 12,000.00
TOTAL 34,466.67 68,933.33 103,400.00
30,420.00 2,535.00
REPAIR AND MAINTENANCE
PARTICULARS YEAR 1 YEAR 2 YEAR 3
WATER REFILLING MACINE 15,425.00 15,425.00 15,425.00
WATER DISPENSER 5,292.00 5,292.00 5,292.00
SURVEILLANCE CAMERAS 3,030.00 3,030.00 3,030.00
SEALER MACHINE 5,099.00 5,099.00 5,099.00
WALL FAN 900.00 900.00 900.00
AUTOMATIC EMERGENCY LIGHTS 859.00 859.00 859.00
WATER TREATMENT SYSTEM 14,275.00 14,275.00 14,275.00
DELIVERY VEHICLE 25,000.00 25,000.00 25,000.00
SEALER MACHINE 750.00 750.00 750.00
TOTAL 70,630.00 70,630.00 70,630.00
INSURANCE
PARTICULARS MONTHLY YEAR 1 YEAR 2
INSURANCE 1,000.00 12,000.00 12,000.00
Note: Insurance will be the same every year.
