SAFE PAYMENT ACC TO BOOK GAMBA, MULES, AND MONES
SCHEDULE OF SAFE PAYMENT
MAY 31, 2023
Gamba Mules Mones
1. beginning capital balance ₱600.00 ₱350.00 ₱150.00
2. Offset ₱30.00
3. Total Interest ₱600.00 ₱350.00 ₱180.00
4. Less Maximum loss NCA - NCA SOLD -₱380.00 -₱285.00 -₱285.00
balance ₱220.00 ₱65.00 -₱105.00
4. less additional loss assuming insolvent partners -₱60.00 -₱45.00 ₱105.00
5. cash distribution 1st month ₱160.00 ₱20.00 ₱0.00
SAFE PAYMENT ACC TO BOOK
Gamba, Mules, and Mones
Schedule of Safe Payment
June 31, 2023
Gamba Mules Mones
1. beginning capital balance ₱600.00 ₱350.00 ₱150.00
2. offset ₱30.00
3. balance ₱600.00 ₱350.00 ₱180.00
4. less cash distribution 1st month -₱160.00 -₱20.00
5. balance ₱440.00 ₱330.00 ₱180.00
6. less maximum loss NCA (unrealized) - NCA sold -₱296.00 -₱222.00 -₱222.00
7. cash balance before cash distribution ₱144.00 ₱108.00 -₱42.00
8. additional loss assuming insolvent partner -₱24.00 -₱18.00 ₱42.00
9. cash distribution for 2nd month ₱120.00 ₱90.00 ₱0.00
Schedule of Safe Payment Formula from Sir Andrew
1. capital balances
2. offset
3. total interest
4. actual loss NCA sold
less: Net Proceeds (proceeds-other expenses)
actual loss
5. MPL negative all
future liq. Exp
cash witheld fo future exp or liab.
NCA unrealized (NCA-NCA SOLD)
6. Cash distribution
2nd month
1. capital balances
2. offset
3. actual loss 1st month
4. cash distribution 1st month
5. actual loss 2nd month NCA sold
less: net proceeds
6. cash distribution
from Sir Andrew
Gamba, Mules, and Mones
Cash Priority Program
May 31, 2023
Gamba Mules Mones cash balance
1. cash balances ₱600.00 ₱350.00 ₱150.00 proceeds
2. offset ₱30.00
3. total interest ₱600.00 ₱350.00 ₱180.00
4. LAB total interest/P&L ₱1,500.00 ₱1,166.67 ₱600.00
5. 1st priority highest - 2nd to highest -₱333.33
balance ₱1,166.67 ₱1,166.67 ₱600.00
6. 2d priority highest less 2nd highest -₱566.67 -₱566.67
balance ₱600.00 ₱600.00 ₱600.00
3rd priority in excess of 600
GAMBA MULE MONES
CASH BALANCE ₱600.00 ₱350.00 ₱150.00
OFFSET ₱30.00
TOTAL INTEREST ₱600.00 ₱350.00 ₱180.00
LOSS ABSORPTION BAL ₱1,500.00 ₱1,166.67 ₱600.00
1ST PRIORITY -₱333.33
₱1,166.67 ₱1,166.67 ₱600.00
2ND PRIORITY -₱566.67 -₱566.67
₱600.00 ₱600.00 ₱600.00
3RD PRIORITY IN EXCESS OF 530
CAFD CASH DISTRIBUTION
cash balance ₱315.00 ₱435.00 GAMBA MULES MONES
₱300.00 ₱133.33
₱26.67 ₱20.00
₱180.00 ₱160.00 ₱20.00 ₱0.00
PRIORITY
GAMBA MULE MONES
₱133.33
₱226.67 ₱170.00
₱360.00 ₱170.00 ₱0.00
TOTAL
₱530.00
