FINANCIAL ASSUMPTIONS

The revenue and expenditure forecasts for the next five years will be based on the

assumptions presented. The assumptions will cover a period of five-year projection from

2026-2030 and will be using a calendar year.

1. General Information

 The official opening date and start of the business will be January 1, 2026 ---

following a calendar-year.

 The business is VAT-registered since the Sales Revenue is expected to be greater

than P3,000,000 annually within the 5-year projection.

2. Assets

 The business will acquire all inventories of the sports bar and car services for cash.

 The company will acquire land and building for its place of operations.

 All of the noncurrent assets such as equipment and furniture and fixtures will be

purchased using company’s cash.

 All sales will be paid outright by customers. No Accounts Receivable will be

recorded. Moreover, there would also be no provision for doubtful accounts/bad

debts expense.

 Petty Cash Fund to be established by the business for small daily expenses is

P15,000, while the rest of the cash is to be deposited in the bank for safeguarding

and monitoring purposes.

3. Liabilities

 Utilities Payable shown in the Balance Sheet represent the utilities expense for the

last month of the accounting period, to be paid next month.

 Statutory Contribution Payables such as SSS, Philhealth and PAGIBIG are

remitted every month. Payables of these premiums shown in the Balance Sheet
 represent the contributions for the last month of the accounting period, to be paid

next month.

 VAT Payable shown in the Balance Sheet represents the last quarter of the current

period, to be paid on the next accounting period.

 Income Tax Payable shown in the Balance Sheet represents the last quarter of the

current period, to be paid on the next accounting period.

4. Equity

 The partners contributed a total of P6,000,000 capitals from their personal savings.

Each of the 8 partners contributed P750,000.

 The partners divide their profit and loss based on their initial capital contribution.

 Each partner can withdraw 75% of his/her share in the annual net income.

5. Revenue/Sales

 Sales in units are based on the Demand and Supply Analysis.

 Gross sales will be computed by multiplying the number of units sold to customer

with the price of the product.

 All sales revenue will be paid in cash. (No accounts receivable should be assumed)

6. Expenses

 Employees will be paid twice a month, every 15th and 30th day of each month.

 SSS, Philhealth and PAGIBIG Premiums will be remitted monthly. Computed

amounts of these statutory benefits will be based on the latest contributions table of

each agency.

 Inflation rate applied to the financial projections as basis for the increase of several

expenses is 3.20% which is the computed Philippine Statistics Authority's average

annual inflation rate from January to December 2024.

  All supplies acquired by the business will be paid in cash, and are increasing by

3.20% every year.

 Straight-line method will be used to compute for the depreciation for all capital

assets, reflecting a consistent allocation of costs over the assets' estimated useful

life.

 Depreciation expense is calculated based on fixed asset cost less salvage value,

then divided by estimated useful life in years. The value of an asset is reduced

uniformly over each period until it reaches its salvage value. Salvage value is

assumed to be 5% of the cost of the fixed asset. Leasehold Improvement has no

salvage value.

 Utilities Expenses (Water and Electricity) will be paid in cash monthly, and are

increasing by 3.20% every year.

 Internet in Utilities Expenses will be paid in cash monthly, and will remain

constant annually.

 Utilities Expense is to be allocated equally between overhead and general & admin

expenses.

7. Permits and Taxes

 Permits and licenses will be paid in cash annually (except for items that are one-

time payment), and remains constant annually.

 As per CREATE Law effective July 2020, Income tax rate is 20% when the annual

net income is less than P5,000,000. 25% income tax rate if otherwise.

 From Year 2 onwards, Mayor's Permit under Permits and Licenses Expense is

computed as Previous Sales multiplied to 0.5%.

 Since the business is VAT-registered, the business will be subject to 12% Value

Added Tax as its business tax.

 Project Cost Computation

G4: Go! Gear, Grub, and Growl

TOTAL PROJECT COST

Fixed Investment
Administrative Equipment ₱ 50,954.00
Building 2,950,800.00
Service Equipment and Furniture 1,188,947.40
Land 675,000.00
TOTAL FIXED INVESTMENT ₱ 4,865,701.40

Initial Working Capital

Within the First Three Months of Business
Inventories (3 months) 152,922.00
Salaries Expense (3 months) 322,731.00
Employees Benefits (3 months) 45,418.28
Utilities Expense (3 months) 97,500.00
Service Tools and Supplies (3 months) 22,790.50
Office Supplies 2,385.00
Cleaning Supplies 6,662.00
TOTAL INITIAL WORKING CAPITAL ₱ 650,408.78

Pre-Operating Expense
Permits and Licenses Expense 3,130.00
TOTAL PRE-OPERATING EXPENSE ₱ 3,130.00

Total ₱ 5,519,240.18
Add: Contingency Fund 480,759.82
TOTAL PROJECT COST ₱ 6,000,000.00

Sales Projection
Customers
SERVICES Price 2026
Annually
Minor 130 ₱2,125.00 ₱276,250.00
Major 120 ₱22,775.00 ₱2,733,000.00
TOTAL 250 ₱3,009,250.00

Products
OTHER INCOME Sold Price 2026
Annually
Food 252 ₱154.00 ₱38,808.00
Beverages 270 ₱80.00 ₱21,600.00
TOTAL 252 ₱38,808.00
 Customers
SERVICES Price 2027
Annually
Minor 133 ₱2,125.00 ₱281,775.00
Major 122 ₱22,775.00 ₱2,787,660.00
TOTAL 255 ₱3,069,435.00

Products Sold
OTHER INCOME Price 2027
Annually

Food 257 ₱154.00 ₱39,584.16

Beverages 275 ₱80.00 ₱22,032.00
TOTAL Customers
257 ₱39,584.16
SERVICES Price 2028
Annually
Minor 135 ₱2,125.00 ₱287,410.50
Major 125 ₱22,775.00 ₱2,843,413.20
TOTAL 260 ₱3,130,823.70

Products Sold
OTHER INCOME Price 2028
Annually

Food 262 ₱154.00 ₱40,375.84

Beverages 281 ₱80.00 ₱22,472.64
TOTAL 262 ₱40,375.84

Customers
SERVICES Price 2029
Annually
Minor 138 ₱2,125.00 ₱293,158.71
Major 127 ₱22,775.00 ₱2,900,281.46
TOTAL 265 ₱3,193,440.17

Products Sold
OTHER INCOME Price 2029
Annually

Food 267 ₱154.00 ₱41,183.36

Beverages 287 ₱80.00 ₱22,922.09
TOTAL 267 ₱41,183.36
 Customers
SERVICES Price 2030
LESS: Annually ESTIMATED
DEPRECIABLE ANNUAL
ITEMS TOTAL COSTS SALVAGE USEFUL LIFE IN
Minor 141 ₱2,125.00
AMOUNT ₱299,021.88
DEPRECIATION
VALUE YEARS
Major
Administrative Equipment 130 ₱22,775.00 ₱2,958,287.09
Office Chair TOTAL 4,700.00 ₱235.00 ₱ 2714,465.00 5 ₱3,257,308.98₱893.00
Laptop 23,200.00 ₱1,160.00 ₱ 22,040.00 5 ₱4,408.00
Printer 8,895.00 ₱444.75 ₱ 8,450.25 5 ₱1,690.05
Ceiling Fans 4,520.00 Products
₱226.00 ₱ Sold4,294.00 5 ₱858.80
OTHER INCOME Price 2030
Cash Register - POS System 9,639.00 Annually
₱481.95 ₱ 9,157.05 5 ₱1,831.41

TOTAL 50,954.00 2,547.70 48,406.30

Food 273 ₱154.00 ₱42,007.039,681.26
Building Beverages 292 ₱80.00 ₱23,380.53
Building Cost TOTAL 2,950,800.00 ₱0.00273
₱ 2,950,800.00 ₱42,007.03
TOTAL 2,950,800.00 - 2,950,800.00 50 59,016.00

Service Equipment and Furniture

Car Services
Socket Set 5,999.00 ₱299.95 ₱ 5,699.05 10 ₱569.91
Jack stands 3,000.00 ₱150.00 ₱ 2,850.00 10 ₱285.00
Pressure washer 1,200.00 ₱60.00 ₱ 1,140.00 10 ₱114.00
Foam cannon 1,200.00 ₱60.00 ₱ 1,140.00 10 ₱114.00
Dry vacuum cleaner 1,800.00 ₱90.00 ₱ 1,710.00 10 ₱171.00
Hydraulic lift 2,000.00 ₱100.00 ₱ 1,900.00 10 ₱190.00
Gasket Set 11,000.00 ₱550.00 ₱ 10,450.00 10 ₱1,045.00
Engine Hoist 17,000.00 ₱850.00 ₱ 16,150.00 10 ₱1,615.00
Engine Stand 5,265.00 ₱263.25 ₱ 5,001.75 10 ₱500.18
Vulcanizing Machine 1,500.00 ₱75.00 ₱ 1,425.00 10 ₱142.50
Air Compressor 4,700.00 ₱235.00 ₱ 4,465.00 10 ₱446.50
OBD-II Scanner 1,600.00 ₱80.00 ₱ 1,520.00 10 ₱152.00
Battery Tester 2,800.00 ₱140.00 ₱ 2,660.00 10 ₱266.00
Wheel alignment machine 370,000.00 ₱18,500.00 ₱ 351,500.00 10 ₱35,150.00
Nitrogen Tire Inflation
Machine
50,000.00 ₱2,500.00 ₱ 47,500.00 10 ₱4,750.00

Alignment Rack 370,000.00 ₱18,500.00 ₱ 351,500.00 10 ₱35,150.00

Digital Camber Gauge 3,916.00 ₱195.80 ₱ 3,720.20 10 ₱372.02
Wrenches Set 1,376.00 ₱68.80 ₱ 1,307.20 10 ₱130.72
Wheel Clamps 3,470.40 ₱173.52 ₱ 3,296.88 10 ₱329.69
Sports Bar
Espresso Machine 24,949.00 ₱1,247.45 ₱ 23,701.55 10 ₱2,370.16
DEPRECIATION
Beverage Chiller TABLE
23,100.00 ₱1,155.00 ₱ 21,945.00 10 ₱2,194.50
Freezer 29,559.00 ₱1,477.95 ₱ 28,081.05 10 ₱2,808.11
Water Dispenser with Ice
Maker
14,200.00 ₱710.00 ₱ 13,490.00 10 ₱1,349.00

Stove 1,068.00 ₱53.40 ₱ 1,014.60 10 ₱101.46

CCTV 4,995.00 ₱249.75 ₱ 4,745.25 10 ₱474.53
Air Condition 52,000.00 ₱2,600.00 ₱ 49,400.00 10 ₱4,940.00
Television Screen 17,500.00 ₱875.00 ₱ 16,625.00 10 ₱1,662.50
Speaker 5,500.00 ₱275.00 ₱ 5,225.00 10 ₱522.50
Tables 24,000.00 ₱1,200.00 ₱ 22,800.00 10 ₱2,280.00
Bar Stool Chairs 10,000.00 ₱500.00 ₱ 9,500.00 10 ₱950.00
Chairs 14,250.00 ₱712.50 ₱ 13,537.50 10 ₱1,353.75
Sofa Set with Table 10,000.00 ₱500.00 ₱ 9,500.00 10 ₱950.00
Billiard Table and
Accessories
50,000.00 ₱2,500.00 ₱ 47,500.00 10 ₱4,750.00

Basketball Arcade Machine 50,000.00 ₱2,500.00 ₱ 47,500.00 10 ₱4,750.00

TOTAL ₱1,188,947.40 ₱59,447.37 ₱1,129,500.03 ₱112,950.00

 G4: Go! Gear, Grub, and Growl
INCOME STATEMENTStatement of Financial Performance / Income Statement
For the Years Ended December 31, 2026 - 2030
Notes 2026 2027 2028 2029 2030
Sales Revenue 1 ₱ 2,721,480.36 ₱ 2,775,909.96 ₱ 2,831,428.16 ₱ 2,888,056.73 ₱ 2,945,817.86
Less: Cost of Services 2 1,515,194.60 1,523,872.85 1,532,827.42 1,542,069.46 1,551,605.80
Gross Income 1,206,285.75 1,252,037.11 1,298,600.74 1,345,987.27 1,394,212.06

Less: Selling and Administrative Expenses

Compensation Expense 3 464,091.50 464,091.50 464,091.50 464,091.50 464,091.50
Utilities Expense (Administrative) 4 195,000.00 200,760.00 206,704.32 212,838.86 219,169.70
Depreciation - Administrative Equipment 5 9,681.26 9,681.26 9,681.26 9,681.26 9,681.26
Depreciation - Building 6 59,016.00 59,016.00 59,016.00 59,016.00 59,016.00
Office Supplies Expense 7 2,385.00 2,461.25 2,540.00 2,621.25 2,705.00
Cleaning Supplies Expense 8 6,662.00 6,875.25 7,095.00 7,322.00 7,556.50
Permits and Licenses Expense 9 3,130.00 15,237.40 15,509.55 15,787.14 16,070.28
Total Selling and Administrative Expenses 739,965.76 758,122.66 764,637.63 771,358.01 778,290.25

Net Income Before Tax 466,319.99 493,914.45 533,963.11 574,629.26 615,921.81

Less: Income Tax (20%) 93,264.00 98,782.89 106,792.62 114,925.85 123,184.36
Net Income After Tax ₱ 373,056.00 ₱ 395,131.56 ₱ 427,170.49 ₱ 459,703.41 ₱ 492,737.45
 BALANCE SHEET
G4: Go! Gear, Grub, and Growl
Statement Of Financial Position / Balance Sheet
December 31, 2026 - 2030

Notes Pre-Operating 2026 2027 2028 2029 2030

ASSETS
Current Assets:
Cash 1 ₱ 1,809,298.60 ₱ 2,229,881.62 ₱ 2,513,770.53 ₱ 2,806,339.07 ₱ 3,107,488.72 ₱ 3,417,720.05
Inventories 2 ₱ 546,150.00 ₱ 574,900.89 ₱ 605,164.29 ₱ 637,017.86 ₱ 670,550.89
Total Current Assets 1,809,298.60 2,229,881.62 2,513,770.53 2,806,339.07 3,107,488.72 3,417,720.05
Noncurrent Assets:
Land 675,000.00 675,000.00 675,000.00 675,000.00 675,000.00 675,000.00
Administrative Equipment (Net) 3 50,954.00 41,272.74 31,591.48 21,910.22 12,228.96 2,547.70
Building (Net) 4 2,950,800.00 2,891,784.00 2,832,768.00 2,773,752.00 2,714,736.00 2,655,720.00
Service Equipment and Furniture (Net) 5 1,188,947.40 1,075,997.40 963,047.39 850,097.39 737,147.39 624,197.39

Total Non-current Assets 4,190,701.40 4,009,054.14 3,827,406.87 3,645,759.61 3,464,112.35 3,282,465.09

Total Assets ₱ 6,000,000.00 ₱ 6,238,935.76 ₱ 6,341,177.40 ₱ 6,452,098.69 ₱ 6,571,601.07 ₱ 6,700,185.13

LIABILITIES AND EQUITY

Liabilities
Current Liabilities:
Utilities Payable 6 - ₱ 32,500.00 ₱ 33,460.00 ₱ 34,450.72 ₱ 35,473.14 ₱ 36,528.28
SSS and EC Premiums Payable 7 - 16,225.00 16,225.00 16,225.00 16,225.00 16,225.00
Philhealth Premiums Payable 8 - 5,378.85 5,378.85 5,378.85 5,378.85 5,378.85
PAG-IBIG Premiums Payable 9 - 3,200.00 3,200.00 3,200.00 3,200.00 3,200.00
Income Tax Payable 10 - 23,316.00 24,695.72 26,698.16 28,731.46 30,796.09
VAT Payable 11 - 65,259.91 66,030.27 66,787.92 67,531.17 68,258.01
Total Liabilities - 145,879.76 148,989.84 152,740.64 156,539.62 160,386.23
Partners' Equity
Partner A, Capital 750,000.00 761,632.00 774,023.44 787,419.76 801,882.68 817,474.86
Partner B, Capital 750,000.00 761,632.00 774,023.44 787,419.76 801,882.68 817,474.86
Partner C, Capital 750,000.00 761,632.00 774,023.44 787,419.76 801,882.68 817,474.86
Partner D, Capital 750,000.00 761,632.00 774,023.44 787,419.76 801,882.68 817,474.86
Partner E, Capital 750,000.00 761,632.00 774,023.44 787,419.76 801,882.68 817,474.86
Partner F, Capital 750,000.00 761,632.00 774,023.44 787,419.76 801,882.68 817,474.86
Partner G, Capital 750,000.00 761,632.00 774,023.44 787,419.76 801,882.68 817,474.86
Partner H, Capital 750,000.00 761,632.00 774,023.44 787,419.76 801,882.68 817,474.86
Total Partners' Equity 6,000,000.00 6,093,056.00 6,192,187.55 6,299,358.04 6,415,061.45 6,539,798.90

Total Liabilities and Equity ₱ 6,000,000.00 ₱ 6,238,935.76 ₱ 6,341,177.40 ₱ 6,452,098.69 ₱ 6,571,601.07 ₱ 6,700,185.13

STATEMENT OF CHANGES IN PARTNER’S EQUITY

G4: Go! Gear, Grub, and Growl

Statement of Changes in Partner's Equity
For the Year Ended December 31, 2026

Partner A, Partner B, Partner C, Partner D, Partner E, Partner F, Partner G, Partner H,

TOTAL
Capital Capital Capital Capital Capital Capital Capital Capital
Beginning Capital ₱750,000.00 ₱750,000.00 ₱750,000.00 ₱750,000.00 ₱750,000.00 ₱750,000.00 ₱750,000.00 ₱750,000.00 ₱6,000,000.00
Add: Share in the Net Income 46,632.00 46,632.00 46,632.00 46,632.00 46,632.00 46,632.00 46,632.00 46,632.00 373,056.00
Running Total 796,632.00 796,632.00 796,632.00 796,632.00 796,632.00 796,632.00 796,632.00 796,632.00 6,373,056.00
Less: Cash Withdrawals - 35,000.00 - 35,000.00 - 35,000.00 - 35,000.00 - 35,000.00 - 35,000.00 - 35,000.00 - 35,000.00 - 280,000.00
Partner's Equity ₱761,632.00 ₱761,632.00 ₱761,632.00 ₱761,632.00 ₱761,632.00 ₱761,632.00 ₱761,632.00 ₱761,632.00 ₱6,093,056.00
 G4: Go! Gear, Grub, and Growl
Statement of Changes in Partner's Equity
For the Year Ended December 31, 2027

Partner A, Partner B, Partner C, Partner D, Partner E, Partner F, Partner G, Partner H,

TOTAL
Capital Capital Capital Capital Capital Capital Capital Capital
Beginning Capital ₱761,632.00 ₱761,632.00 ₱761,632.00 ₱761,632.00 ₱761,632.00 ₱761,632.00 ₱761,632.00 ₱761,632.00 ₱6,093,056.00
Add: Share in the Net Income 49,391.44 49,391.44 49,391.44 49,391.44 49,391.44 49,391.44 49,391.44 49,391.44 395,131.56
Running Total 811,023.44 811,023.44 811,023.44 811,023.44 811,023.44 811,023.44 811,023.44 811,023.44 6,488,187.55
Less: Cash Withdrawals - 37,000.00 - 37,000.00 - 37,000.00 - 37,000.00 - 37,000.00 - 37,000.00 - 37,000.00 - 37,000.00 - 296,000.00
Partner's Equity ₱774,023.44 ₱774,023.44 ₱774,023.44 ₱774,023.44 ₱774,023.44 ₱774,023.44 ₱774,023.44 ₱774,023.44 ₱6,192,187.55

G4: Go! Gear, Grub, and Growl

Statement of Changes in Partner's Equity
For the Year Ended December 31, 2028

Partner A, Partner B, Partner C, Partner D, Partner E, Partner F, Partner G, Partner H,

TOTAL
Capital Capital Capital Capital Capital Capital Capital Capital
Beginning Capital ₱774,023.44 ₱774,023.44 ₱774,023.44 ₱774,023.44 ₱774,023.44 ₱774,023.44 ₱774,023.44 ₱774,023.44 ₱6,192,187.55
Add: Share in the Net Income 53,396.31 53,396.31 53,396.31 53,396.31 53,396.31 53,396.31 53,396.31 53,396.31 427,170.49
Running Total 827,419.76 827,419.76 827,419.76 827,419.76 827,419.76 827,419.76 827,419.76 827,419.76 6,619,358.04
Less: Withdrawals - 40,000.00 - 40,000.00 - 40,000.00 - 40,000.00 - 40,000.00 - 40,000.00 - 40,000.00 - 40,000.00 - 320,000.00
Partner's Equity ₱787,419.76 ₱787,419.76 ₱787,419.76 ₱787,419.76 ₱787,419.76 ₱787,419.76 ₱787,419.76 ₱787,419.76 ₱6,299,358.04

G4: Go! Gear, Grub, and Growl

Statement of Changes in Partner's Equity
For the Year Ended December 31, 2029

Partner A, Partner B, G4:C,Go! Gear,

Partner Partner Grub,
D, and Growl
Partner E, Partner F, Partner G, Partner H,
TOTAL
Capital Capital CapitalStatement of Cash Flows
Capital Capital Capital Capital Capital
Beginning Capital ₱787,419.76 ₱787,419.76 For ₱787,419.76
the Years Ended ₱787,419.76
December₱787,419.76
31, 2026₱787,419.76
- 2030 ₱787,419.76 ₱787,419.76 ₱6,299,358.04
Add: Share in the Net Income 57,462.93 57,462.93 57,462.93 57,462.93 57,462.93 57,462.93 57,462.93 57,462.93 459,703.41
Running Total 844,882.68 844,882.68 844,882.68 844,882.68 844,882.68 844,882.68 844,882.68 844,882.68 6,759,061.45
Less: Withdrawals - 43,000.00 - 43,000.00 - Pre-Operating
43,000.00 - 2026 -
43,000.00 2027 -
43,000.00 2028-
43,000.00 43,000.00 2029
- 43,000.00 - 2030344,000.00
Partner's Equity Cash Flow From₱801,882.68 ₱801,882.68
Operating Activities ₱801,882.68 ₱801,882.68 ₱801,882.68 ₱801,882.68 ₱801,882.68 ₱801,882.68 ₱6,415,061.45

Received From Customers - ₱ 3,048,058.00 ₱ 3,109,019.16 ₱ 3,171,199.54 ₱ 3,234,623.53 ₱ 3,299,316.00

G4: Go! Gear, Grub, and Growl
Payment for Office Supplies - - 2,385.00 - 2,461.25 - 2,540.00 - 2,621.25 - 2,705.00
Statement of Changes in Partner's Equity
Payment for Cleaning Supplies - - 6,662.00 - 6,875.25 - 7,095.00 - 7,322.00 - 7,556.50
For the Year Ended December 31, 2030
Payment for Service Tools and Supplies - - 91,162.00 - 94,080.25 - 97,090.50 - 100,198.00 - 103,403.50
Payment for InventoriesPartner A, Partner B, Partner C,- - Partner
611,688.00
D, -
Partner 643,889.00
E, -
Partner F,677,784.00 - G, 713,460.00
Partner -
Partner H, 751,017.00
TOTAL
Payment for Salaries Capital Capital Capital - - Capital
1,174,950.90 -Capital
1,174,950.90Capital
- 1,174,950.90 - 1,174,950.90
Capital Capital- 1,174,950.90
Beginning Capital
Payment for 13th Month ₱801,882.68
Pay ₱801,882.68 ₱801,882.68- -₱801,882.68
107,577.00₱801,882.68
- ₱801,882.68
107,577.00 - ₱801,882.68
107,577.00 - ₱801,882.68
107,577.00 - ₱6,415,061.45
107,577.00
Add: Share in the Net Income 61,592.18 61,592.18 61,592.18 61,592.18 61,592.18 61,592.18 61,592.18 61,592.18 492,737.45
Payment for Utilities Expense - - 357,500.00 - 400,560.00 - 412,417.92 - 424,655.29 - 437,284.26
Running Total 863,474.86 863,474.86 863,474.86 863,474.86 863,474.86 863,474.86 863,474.86 863,474.86 6,907,798.90
Payment for SSS and
Less: Withdrawals - EC46,000.00
Premiums - 46,000.00 - - - - 46,000.00
46,000.00 178,475.00
- - 46,000.00
194,700.00
- - 194,700.00
46,000.00 - -
46,000.00194,700.00
- -
46,000.00 -194,700.00
368,000.00
Partner's Equity
Payment for Philhealth₱817,474.86
Premiums ₱817,474.86 ₱817,474.86- -₱817,474.86
59,167.35₱817,474.86
- ₱817,474.86
64,546.20 - ₱817,474.86
64,546.20 - ₱817,474.86
64,546.20 - ₱6,539,798.90
64,546.20
Payment for PAG-IBIG Premiums - - 35,200.00 - 38,400.00 - 38,400.00 - 38,400.00 - 38,400.00
Payment for Permits and Licenses - - 3,130.00 - 15,237.40 - 15,509.55 - 15,787.14 - 16,070.28
Payment for VAT - - 195,779.73 - 263,350.73 - 266,394.02 - 269,381.41 - 272,305.19
Income Taxes Paid - - 69,948.00 - 97,403.17 - 104,790.19 - 112,892.54 - 121,119.73

STATEMENT OF CASH FLOWS

Net Cash provided (used) by Operating activities - 154,433.02 4,988.01 7,404.26 8,131.79 7,680.43

Cash Flow from Investing Activities

Cash Paid For Administrative Equipment - 50,954.00 - - - - -

Cash Paid For Building - 2,950,800.00 - - - - -
Cash Paid For Service Equipment and Furniture - 1,188,947.40 - - - - -
Cash Paid For Land - 675,000.00 - - - - -
Net Cash (used) by Investing Activities - 4,865,701.40 - - - - -

Cash Flow from Financing Activities

Cash Received from Capital Contribution 6,000,000.00 - - - - -

Cash Withdrawals for Personal Use - - 280,000.00 - 296,000.00 - 320,000.00 - 344,000.00 - 368,000.00
Net Cash provided (used) by Financing Activities 6,000,000.00 - 280,000.00 - 296,000.00 - 320,000.00 - 344,000.00 - 368,000.00

Increase (Decrease) in Cash 1,134,298.60 - 125,566.98 - 291,011.99 - 312,595.74 - 335,868.21 - 360,319.57

Add: Beginning Balance - 1,134,298.60 1,008,731.62 717,719.63 405,123.90 69,255.69
Ending Cash Balance ₱ 1,134,298.60 ₱ 1,008,731.62 ₱ 717,719.63 ₱ 405,123.90 ₱ 69,255.69 -₱ 291,063.88
 NOTES TO INCOME STATEMENT
Note 1 - Sales Revenue 2026 2027 2028 2029 2030
Car Services Revenue ₱3,009,250.00 ₱3,069,435.00 ₱3,130,823.70 ₱3,193,440.17 ₱3,257,308.98
Sports Bar Revenue 38,808.00 39,584.16 40,375.84 41,183.36 42,007.03
VATable Sales 3,048,058.00 3,109,019.16 3,171,199.54 3,234,623.53 3,299,316.00
Less: 12% Output Tax (Inclusive) 326,577.64 333,109.20 339,771.38 346,566.81 353,498.14
Sales Revenue ₱2,721,480.36 ₱2,775,909.96 ₱2,831,428.16 ₱2,888,056.73 ₱2,945,817.86

Note 2 - Cost of Services 2026 2027 2028 2029 2030

Add: DIRECT LABOR (Schedule 2) 939,841.90 939,841.90 939,841.90 939,841.90 939,841.90
Add: OVERHEAD (Schedule 3) 575,352.70 584,030.95 592,985.52 602,227.56 611,763.90
Cost of Services ₱1,515,194.60 ₱1,523,872.85 ₱1,532,827.42 ₱1,542,069.46 ₱1,551,605.80
 Schedule 2 - Total Overhead 2026 2027 2028 2029 2030
Indirect Labor
Annual Salaries Expense ₱143,748.00 ₱143,748.00 ₱143,748.00 ₱143,748.00 ₱143,748.00
13th Month Pay 11,979.00 11,979.00 11,979.00 11,979.00 11,979.00
Schedule 1 - Direct Labor 2026 2027 2028 2029 2030
SSS and EC Premiums Expense - ER Share 14,520.00 14,520.00 14,520.00 14,520.00 14,520.00
Annual Salaries Expense ₱767,316.00 ₱767,316.00 ₱767,316.00 ₱767,316.00 ₱767,316.00
PAGIBIG Premiums Expense - ER Share 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00
13th Month Pay Premiums Expense - ER Share
Philhealth 63,943.00
3,593.70 63,943.00
3,593.70 63,943.00 3,593.7063,943.00
3,593.70 3,593.70 63,943.00
SSS and Indirect
EC Premiums
Labor Expense - ER Share 77,400.00
₱176,240.70 77,400.00 ₱176,240.70
₱176,240.70 77,400.00 77,400.00
₱176,240.70 ₱176,240.70 77,400.00
PAGIBIG Premiums Expense - ER Share 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00
PhilhealthUtilities
Premiums Expense (Overhead)
Expense - ER Share 19,182.90 19,182.90 19,182.90 19,182.90 19,182.90
Monthly Electricity ₱20,000.00 ₱20,640.00 ₱21,300.48 ₱21,982.10 ₱22,685.52
Direct Labor ₱939,841.90 ₱939,841.90 ₱939,841.90 ₱939,841.90 ₱939,841.90
Monthly Water 10,000.00 10,320.00 10,650.24 10,991.05 11,342.76
Monthly Internet 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00
Total Monthly Utilities 32,500.00 33,460.00 34,450.72 35,473.14 36,528.28
Multiply: Number of Months in a Year 12 12 12 12 12
Total Annual Utilities 390,000.00 401,520.00 413,408.64 425,677.72 438,339.40
Multiply: Allocated to Overhead 50.00% 50.00% 50.00% 50.00% 50.00%
Utilities Expense (Overhead) ₱195,000.00 ₱200,760.00 ₱206,704.32 ₱212,838.86 ₱219,169.70

Service Tools and Supplies Expense

Car Services

Degreaser ₱1,790.00 ₱1,847.25 ₱1,906.25 ₱1,967.25 ₱2,030.25

Wheel and Tire Cleaner 2,500.00 2,580.00 2,662.50 2,747.75 2,835.75

Tire Shine 5,190.00 5,356.00 5,527.50 5,704.50 5,887.00
Anti-rust Spray 7,000.00 7,224.00 7,455.25 7,693.75 7,940.00
Rust Converter 3,500.00 3,612.00 3,727.50 3,846.75 3,969.75
Undercoating Spray 5,550.00 5,727.50 5,910.75 6,100.00 6,295.25
Battery Terminal Cleaner 675.00 696.50 718.75 741.75 765.50
Coolant / Antifreeze 5,500.00 5,676.00 5,857.75 6,045.25 6,238.75
Lubricants 4,500.00 4,644.00 4,792.50 4,945.75 5,104.00
Car Sealant 1,600.00 1,651.25 1,704.00 1,758.50 1,814.75
Oil Filter 10,000.00 10,320.00 10,650.25 10,991.00 11,342.75
Universal Joint 280.00 289.00 298.25 307.75 317.50
Funnel 300.00 309.50 319.50 329.75 340.25
Oil Drain Pan 600.00 619.25 639.00 659.50 680.50
Dipstick 350.00 361.25 372.75 384.75 397.00
Jack 708.00 730.75 754.25 778.50 803.50
Microfiber towels 1,500.00 1,548.00 1,597.50 1,648.50 1,701.25
Undercarriage brush 700.00 722.50 745.50 769.25 793.75
Multimeter 350.00 361.25 372.75 384.75 397.00
Battery charger 650.00 670.75 692.25 714.50 737.25
Micrometer 850.00 877.25 905.25 934.25 964.25
Gasket Scraper 200.00 206.50 213.00 219.75 226.75
Brake pads 1,600.00 1,651.25 1,704.00 1,758.50 1,814.75
Pry bar 750.00 774.00 798.75 824.25 850.75
Rubber Patch 1,460.00 1,506.75 1,555.00 1,604.75 1,656.00
Tire lever 640.00 660.50 681.75 703.50 726.00
Safety Mats 320.00 330.25 340.75 351.75 363.00
Apparel and Workwear 2,256.00 2,328.25 2,402.75 2,479.75 2,559.00
Protective Gloves 612.00 631.50 651.75 672.50 694.00
Protective Goggles 416.00 429.25 443.00 457.25 472.00
Tire pressure gauge 400.00 412.75 426.00 439.75 453.75
Camber Bolts 6,868.00 7,087.75 7,314.50 7,548.50 7,790.00
Valve Stem Caps 100.00 103.25 106.50 110.00 113.50
Screwdrivers Set 700.00 722.50 745.50 769.25 793.75
Bucket 756.00 780.25 805.25 831.00 857.50
Soft Bristle Brush 340.00 351.00 362.25 373.75 385.75
Wire Brush 270.00 278.75 287.75 297.00 306.50
Roller Tool 269.00 277.50 286.50 295.75 305.25
Fire Extinguisher 2,200.00 2,270.50 2,343.25 2,418.25 2,495.75
Sports Bar
Glass 600.00 619.25 639.00 659.50 680.50
Pitcher 405.00 418.00 431.50 445.25 459.50
Ice Bucket 423.00 436.50 450.50 465.00 480.00
Ice Tong 123.00 127.00 131.00 135.25 139.50
Measuring Cup 64.00 66.00 68.00 70.25 72.50
Iced Coffee Container (Set-50 pcs) 460.00 474.75 490.00 505.75 522.00
Plate 2,136.00 2,204.25 2,274.75 2,347.50 2,422.50
Dipping Bowl 140.00 144.50 149.00 153.75 158.75
Spoon and Fork 1,272.00 1,312.75 1,354.75 1,398.00 1,442.75
Strainer Set 169.00 174.50 180.00 185.75 191.75
Grater 63.00 65.00 67.00 69.25 71.50
Chopping Board 270.00 278.75 287.75 297.00 306.50
Knife 158.00 163.00 168.25 173.75 179.25
Sandok 207.00 213.50 220.25 227.25 234.50
Pan 1,900.00 1,960.75 2,023.50 2,088.25 2,155.00
Pan Holder 30.00 31.00 32.00 33.00 34.00
Storage Rack 474.00 489.25 505.00 521.25 538.00
Seasoning Box 169.00 174.50 180.00 185.75 191.75
Fire Extinguisher 2,200.00 2,270.50 2,343.25 2,418.25 2,495.75
First Aid Kit 990.00 1,021.75 1,054.50 1,088.25 1,123.00
LED Light Bulb 2,373.00 2,449.00 2,527.25 2,608.00 2,691.50
Chess Board Game 195.00 201.25 207.75 214.50 221.25
Monopoly Board Game 300.00 309.50 319.50 329.75 340.25
Tissue (Set – 12 rolls) 755.00 779.25 804.25 830.00 856.50
Disposable Cups, Plates, Spoons, and Forks 406.00 419.00 432.50 446.25 460.50
Disposable Take-out Box 280.00 289.00 298.25 307.75 317.50
Paper Bag 350.00 361.25 372.75 384.75 397.00
Service Tools and Supplies Expense ₱91,162.00 ₱94,080.25 ₱97,090.50 ₱100,198.00 ₱103,403.50

Depreciation - Service Equipment and Furniture

Car Services
Socket Set ₱5,999.00 ₱5,999.00 ₱5,999.00 ₱5,999.00 ₱5,999.00
Jack stands 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00
Pressure washer 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00
Foam cannon 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00
Dry vacuum cleaner 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00
Hydraulic lift 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
Gasket Set 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00
Engine Hoist 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00
Engine Stand 5,265.00 5,265.00 5,265.00 5,265.00 5,265.00
Vulcanizing Machine 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00
Air Compressor 4,700.00 4,700.00 4,700.00 4,700.00 4,700.00
OBD-II Scanner 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00
Battery Tester 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00
Wheel alignment machine 370,000.00 370,000.00 370,000.00 370,000.00 370,000.00
Nitrogen Tire Inflation Machine 50,000.00 50,000.00 50,000.00 50,000.00 50,000.00
Alignment Rack 370,000.00 370,000.00 370,000.00 370,000.00 370,000.00
Digital Camber Gauge 3,916.00 3,916.00 3,916.00 3,916.00 3,916.00
Wrenches Set 1,376.00 1,376.00 1,376.00 1,376.00 1,376.00
Wheel Clamps 3,470.40 3,470.40 3,470.40 3,470.40 3,470.40
 Sports Bar
Espresso Machine 24,949.00 24,949.00 24,949.00 24,949.00 24,949.00
Beverage Chiller 23,100.00 23,100.00 23,100.00 23,100.00 23,100.00
Freezer 29,559.00 29,559.00 29,559.00 29,559.00 29,559.00
Water Dispenser with Ice Maker 14,200.00 14,200.00 14,200.00 14,200.00 14,200.00
Stove 1,068.00 1,068.00 1,068.00 1,068.00 1,068.00
CCTV 4,995.00 4,995.00 4,995.00 4,995.00 4,995.00
Air Condition 52,000.00 52,000.00 52,000.00 52,000.00 52,000.00
Television Screen 17,500.00 17,500.00 17,500.00 17,500.00 17,500.00
Speaker 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00
Tables 24,000.00 24,000.00 24,000.00 24,000.00 24,000.00
Bar Stool Chairs 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00
Chairs 14,250.00 14,250.00 14,250.00 14,250.00 14,250.00
Sofa Set with Table 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00
Billiard Table and Accessories 50,000.00 50,000.00 50,000.00 50,000.00 50,000.00
Basketball Arcade Machine 50,000.00 50,000.00 50,000.00 50,000.00 50,000.00
TOTAL PRICE 1,188,947.40 1,188,947.40 1,188,947.40 1,188,947.40 1,188,947.40
Less: Salvage Value - 59,447.37 - 59,447.37 - 59,447.37 - 59,447.37 - 59,447.37
Depreciable Amount 1,129,500.03 1,129,500.03 1,129,500.03 1,129,500.03 1,129,500.03

Depreciation - Service Equipment and Furniture 112,950.00 112,950.00 112,950.00 112,950.00 112,950.00

Indirect Labor 176,240.70 176,240.70 176,240.70 176,240.70 176,240.70

Utilities Expense (Overhead) 195,000.00 200,760.00 206,704.32 212,838.86 219,169.70

Service Tools and Supplies Expense 91,162.00 94,080.25 97,090.50 100,198.00 103,403.50
Depreciation - Service Equipment and Furniture 112,950.00 112,950.00 112,950.00 112,950.00 112,950.00
Total Overhead ₱575,352.70 ₱584,030.95 ₱592,985.52 ₱602,227.56 ₱611,763.90
Note 3 - Compensation Expense 2026 2027 2028 2029 2030
Salaries Expense ₱379,860.00 ₱379,860.00 ₱379,860.00 ₱379,860.00 ₱379,860.00
13th Month Pay 31,655.00 31,655.00 31,655.00 31,655.00 31,655.00
SSS and EC Premiums Expense - ER Share 38,280.00 38,280.00 38,280.00 38,280.00 38,280.00
PAGIBIG Premiums Expense - ER Share 4,800.00 4,800.00 4,800.00 4,800.00 4,800.00
Philhealth Premiums Expense - ER Share 9,496.50 9,496.50 9,496.50 9,496.50 9,496.50
Compensation Expense ₱464,091.50 ₱464,091.50 ₱464,091.50 ₱464,091.50 ₱464,091.50
Note 4 - Utilities Expense (Administrative) 2026 2027 2028 2029 2030
Monthly Electricity ₱20,000.00 ₱20,640.00 ₱21,300.48 ₱21,982.10 ₱22,685.52
Monthly Water 10,000.00 10,320.00 10,650.24 10,991.05 11,342.76
Monthly Internet 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00
Total Monthly Utilities 32,500.00 33,460.00 34,450.72 35,473.14 36,528.28
Multiply: Number of Months in a Year 12 12 12 12 12
Total Annual Utilities 390,000.00 401,520.00 413,408.64 425,677.72 438,339.40
Multiply: Allocated to Administrative 50.00% 50.00% 50.00% 50.00% 50.00%
Utilities Expense (Administrative) ₱195,000.00 ₱200,760.00 ₱206,704.32 ₱212,838.86 ₱219,169.70

Note 5 - Depreciation - Administrative Equipment 2026 2027 2028 2029 2030

Office Chair ₱4,700.00 ₱4,700.00 ₱4,700.00 ₱4,700.00 ₱4,700.00

Laptop 23,200.00 23,200.00 23,200.00 23,200.00 23,200.00
Printer 8,895.00 8,895.00 8,895.00 8,895.00 8,895.00
Ceiling Fans 4,520.00 4,520.00 4,520.00 4,520.00 4,520.00
Cash Register - POS System 9,639.00 9,639.00 9,639.00 9,639.00 9,639.00
TOTAL PRICE 50,954.00 50,954.00 50,954.00 50,954.00 50,954.00
Less: Salvage Value - 2,547.70 - 2,547.70 - 2,547.70 - 2,547.70 - 2,547.70
Depreciable Amount 48,406.30 48,406.30 48,406.30 48,406.30 48,406.30
Depreciation - Administrative Equipment ₱9,681.26 ₱9,681.26 ₱9,681.26 ₱9,681.26 ₱9,681.26

Note 6 - Depreciation - Building 2026 2027 2028 2029 2030

Building Cost ₱2,950,800.00 ₱2,950,800.00 ₱2,950,800.00 ₱2,950,800.00 ₱2,950,800.00
TOTAL PRICE 2,950,800.00 2,950,800.00 2,950,800.00 2,950,800.00 2,950,800.00
Less: Salvage Value - - - - -
Depreciable Amount 2,950,800.00 2,950,800.00 2,950,800.00 2,950,800.00 2,950,800.00
Depreciation - Building ₱59,016.00 ₱59,016.00 ₱59,016.00 ₱59,016.00 ₱59,016.00

Note 7 - Office Supplies Expense 2026 2027 2028 2029 2030

Bond paper ₱675.00 ₱696.50 ₱718.75 ₱741.75 ₱765.50
File Organizers 798.00 823.50 849.75 877.00 905.00
Calculator 337.00 347.75 359.00 370.50 382.25
Wifi Extender 575.00 593.50 612.50 632.00 652.25
Office Supplies Expense ₱2,385.00 ₱2,461.25 ₱2,540.00 ₱2,621.25 ₱2,705.00

Note 8 - Cleaning Supplies Expense 2026 2027 2028 2029 2030

Trash Bins ₱2,400.00 ₱2,476.75 ₱2,556.00 ₱2,637.75 ₱2,722.25
Mop 3,650.00 3,766.75 3,887.25 4,011.75 4,140.25
Broom Set 420.00 433.50 447.25 461.50 476.25
Window Cleaner 192.00 198.25 204.50 211.00 217.75
Cleaning Supplies Expense ₱6,662.00 ₱6,875.25 ₱7,095.00 ₱7,322.00 ₱7,556.50

Note 9 - Permits and Licenses Expense 2026 2027 2028 2029 2030
BIR Registration ₱500.00 ₱0.00 ₱0.00 ₱0.00 ₱0.00
Documentary Stamp Tax (DST) 30.00 30.00 30.00 30.00 30.00
Mayor’s Permit 1,000.00 13,607.40 13,879.55 14,157.14 14,440.28
Barangay Clearance 300.00 300.00 300.00 300.00 300.00
Food Service or Sanitary Permit 300.00 300.00 300.00 300.00 300.00
Mechanic License 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
Permits and Licenses Expense ₱3,130.00 ₱15,237.40 ₱15,509.55 ₱15,787.14 ₱16,070.28
NOTES TO BALANCE SHEET

Note 1 - Cash 2026 2027 2028 2029 2030

Cash in Bank ₱2,214,881.62 ₱2,498,770.53 ₱2,791,339.07 ₱3,092,488.72 ₱3,402,720.05
Petty Cash 15,000.00 15,000.00 15,000.00 15,000.00 15,000.00
Cash ₱2,229,881.62 ₱2,513,770.53 ₱2,806,339.07 ₱3,107,488.72 ₱3,417,720.05

Note 2 - Inventories 2026 2027 2028 2029 2030

Engine Oil ₱124,500.00 ₱131,053.75 ₱137,952.50 ₱145,214.25 ₱152,858.25
Car Wash Soap 2,400.00 2,526.25 2,659.25 2,799.25 2,946.50
Wax 1,900.00 2,000.00 2,105.25 2,216.00 2,332.75
Vulcanizing Solution 2,200.00 2,315.75 2,437.75 2,566.00 2,701.00
Tire Chalk 278.00 292.75 308.25 324.50 341.50
Juice 3,285.00 3,458.00 3,640.00 3,831.50 4,033.25
Coffee Beans 996.00 1,048.50 1,103.75 1,161.75 1,223.00
Milk 4,914.00 5,172.75 5,445.00 5,731.50 6,033.25
Matcha Powder 1,220.00 1,284.25 1,351.75 1,423.00 1,498.00
Sugar 368.00 387.25 407.75 429.25 451.75
Chips 1,800.00 1,894.75 1,994.50 2,099.50 2,210.00
Cheese 555.00 584.25 615.00 647.25 681.25
Powdered Cheese 330.00 347.25 365.50 384.75 405.00
Cooking Oil 810.00 852.75 897.75 945.00 994.75
Soy Sauce 416.00 438.00 461.00 485.25 510.75
Vinegar 312.00 328.50 345.75 364.00 383.25
Tomato 160.00 168.50 177.25 186.50 196.25
Onions 500.00 526.25 554.00 583.25 614.00
Frozen Fries 600.00 631.50 664.75 699.75 736.50
Salt 40.00 42.00 44.25 46.50 49.00
Garlic 40.00 42.00 44.25 46.50 49.00
Mixed Nuts 1,200.00 1,263.25 1,329.75 1,399.75 1,473.50
Ketchup 222.00 233.75 246.00 259.00 272.75
Mayonnaise 126.00 132.75 139.75 147.00 154.75
Soft drinks 3,750.00 3,947.50 4,155.25 4,374.00 4,604.25
Quarterly Cost 152,922.00 160,972.25 169,446.00 178,365.00 187,754.25
Multiply: Number of Quarters in a Year 4 4 4 4 4
VATable Purchases 611,688.00 643,889.00 677,784.00 713,460.00 751,017.00
Less: 12% Input Tax (Inclusive) 65,538.00 68,988.11 72,619.71 76,442.14 80,466.11
Note 3 - Administrative Equipment (Net) 2026 2027 2028 2029 2030
Inventories ₱546,150.00 ₱574,900.89 ₱605,164.29 ₱637,017.86 ₱670,550.89
Office Chair ₱4,700.00 ₱4,700.00 ₱4,700.00 ₱4,700.00 ₱4,700.00
Laptop 23,200.00 23,200.00 23,200.00 23,200.00 23,200.00
Printer 8,895.00 8,895.00 8,895.00 8,895.00 8,895.00
Ceiling Fans 4,520.00 4,520.00 4,520.00 4,520.00 4,520.00
Cash Register - POS System 9,639.00 9,639.00 9,639.00 9,639.00 9,639.00
TOTAL PRICE 50,954.00 50,954.00 50,954.00 50,954.00 50,954.00
Less: Accumulated Depreciation - 9,681.26 19,362.52 29,043.78 38,725.04
Less: Current Year's Depreciation 9,681.26 9,681.26 9,681.26 9,681.26 9,681.26
Administrative Equipment (Net) ₱41,272.74 ₱31,591.48 ₱21,910.22 ₱12,228.96 ₱2,547.70

Note 4 - Building (Net) 2026 2027 2028 2029 2030

Building Cost ₱2,950,800.00 ₱2,950,800.00 ₱2,950,800.00 ₱2,950,800.00 ₱2,950,800.00
TOTAL PRICE 2,950,800.00 2,950,800.00 2,950,800.00 2,950,800.00 2,950,800.00
Less: Accumulated Depreciation - 59,016.00 118,032.00 177,048.00 236,064.00
Less: Current Year's Depreciation 59,016.00 59,016.00 59,016.00 59,016.00 59,016.00
Building (Net) ₱2,891,784.00 ₱2,832,768.00 ₱2,773,752.00 ₱2,714,736.00 ₱2,655,720.00
 Note 5 - Service Equipment and Furniture (Net) 2026 2027 2028 2029 2030
Car Services
Socket Set ₱5,999.00 ₱5,999.00 ₱5,999.00 ₱5,999.00 ₱5,999.00
Jack stands 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00
Pressure washer 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00
Foam cannon 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00
Dry vacuum cleaner 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00
Hydraulic lift 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
Gasket Set 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00
Engine Hoist 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00
Engine Stand 5,265.00 5,265.00 5,265.00 5,265.00 5,265.00
Vulcanizing Machine 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00
Air Compressor 4,700.00 4,700.00 4,700.00 4,700.00 4,700.00
OBD-II Scanner 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00
Battery Tester 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00
Wheel alignment machine 370,000.00 370,000.00 370,000.00 370,000.00 370,000.00
Nitrogen Tire Inflation Machine 50,000.00 50,000.00 50,000.00 50,000.00 50,000.00
Alignment Rack 370,000.00 370,000.00 370,000.00 370,000.00 370,000.00
Digital Camber Gauge 3,916.00 3,916.00 3,916.00 3,916.00 3,916.00
Wrenches Set 1,376.00 1,376.00 1,376.00 1,376.00 1,376.00
Wheel Clamps 3,470.40 3,470.40 3,470.40 3,470.40 3,470.40
Sports Bar
Espresso Machine 24,949.00 24,949.00 24,949.00 24,949.00 24,949.00
Beverage Chiller 23,100.00 23,100.00 23,100.00 23,100.00 23,100.00
Freezer 29,559.00 29,559.00 29,559.00 29,559.00 29,559.00
Water Dispenser with Ice Maker 14,200.00 14,200.00 14,200.00 14,200.00 14,200.00
Stove 1,068.00 1,068.00 1,068.00 1,068.00 1,068.00
CCTV 4,995.00 4,995.00 4,995.00 4,995.00 4,995.00
Air Condition 52,000.00 52,000.00 52,000.00 52,000.00 52,000.00
Television Screen 17,500.00 17,500.00 17,500.00 17,500.00 17,500.00
Speaker 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00
Tables 24,000.00 24,000.00 24,000.00 24,000.00 24,000.00
Bar Stool Chairs 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00
Chairs 14,250.00 14,250.00 14,250.00 14,250.00 14,250.00
Sofa Set with Table 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00
Billiard Table and Accessories
Note 6 - Utilities Payable 50,000.00
2026 50,000.00
2027 50,000.00
2028 50,000.00
2029 50,000.00
2030
Basketball Arcade Machine
Monthly Electricity 50,000.00
₱20,000.00 50,000.00
₱20,640.00 50,000.00
₱21,300.48 50,000.00
₱21,982.10 50,000.00
₱22,685.52
TOTAL
MonthlyPRICE
Water 1,188,947.40
10,000.00 1,188,947.40
10,320.00 1,188,947.40
10,650.24 1,188,947.40
10,991.05 1,188,947.40
11,342.76
Less: Accumulated
Monthly Internet Depreciation -
2,500.00 112,950.00
2,500.00 225,900.01
2,500.00 338,850.01
2,500.00 451,800.01
2,500.00
Less: Current
Utilities Year's Depreciation
Payable 112,950.00
₱32,500.00 112,950.00
₱33,460.00 112,950.00
₱34,450.72 112,950.00
₱35,473.14 112,950.00
₱36,528.28
Service Equipment and Furniture (Net) ₱1,075,997.40 ₱963,047.39 ₱850,097.39 ₱737,147.39 ₱624,197.39
Note 7 - SSS and EC Premiums Payable 2026 2027 2028 2029 2030
SSS Employee's Share (Payroll) ₱5,375.00 ₱5,375.00 ₱5,375.00 ₱5,375.00 ₱5,375.00
SSS Employer's Share (Payroll) 10,750.00 10,750.00 10,750.00 10,750.00 10,750.00
EC Employer's Share (Payroll) 100.00 100.00 100.00 100.00 100.00
SSS and EC Premiums Payable ₱16,225.00 ₱16,225.00 ₱16,225.00 ₱16,225.00 ₱16,225.00
Note 8 - Philhealth Premiums Payable 2026 2027 2028 2029 2030
Employee's Share (Payroll) ₱2,689.43 ₱2,689.43 ₱2,689.43 ₱2,689.43 ₱2,689.43
Employer's Share (Payroll) 2,689.43 2,689.43 2,689.43 2,689.43 2,689.43
Philhealth Premiums Payable ₱5,378.85 ₱5,378.85 ₱5,378.85 ₱5,378.85 ₱5,378.85

Note 9 - PAGIBIG Premiums Payable 2026 2027 2028 2029 2030

Employee's Share (Payroll) ₱1,600.00 ₱1,600.00 ₱1,600.00 ₱1,600.00 ₱1,600.00
Employer's Share (Payroll) 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00
PAGIBIG Premiums Payable ₱3,200.00 ₱3,200.00 ₱3,200.00 ₱3,200.00 ₱3,200.00

Note 10 - Income Tax Payable 2026 2027 2028 2029 2030

Income Tax for the Current Year ₱93,264.00 ₱98,782.89 ₱106,792.62 ₱114,925.85 ₱123,184.36
Income Tax from Previous Year - 23,316.00 24,695.72 26,698.16 28,731.46
Income Tax to Pay 93,264.00 122,098.89 131,488.34 141,624.01 151,915.83
Less: Portion Paid
*1st to 3rd quarter of the current year - 69,948.00 - 74,087.17 - 80,094.47 - 86,194.39 - 92,388.27
*Previous Year's Balance - - 23,316.00 - 24,695.72 - 26,698.16 - 28,731.46
Total Payment - 69,948.00 - 97,403.17 - 104,790.19 - 112,892.54 - 121,119.73
Income Tax Payable ₱23,316.00 ₱24,695.72 ₱26,698.16 ₱28,731.46 ₱30,796.09

Note 11 - VAT Payable 2026 2027 2028 2029 2030

Net Sales, inclusive of VAT ₱3,048,058.00 ₱3,109,019.16 ₱3,171,199.54 ₱3,234,623.53 ₱3,299,316.00
Divided by: 1.12 1.12 1.12 1.12 1.12
Sales, net of VAT 2,721,480.36 2,775,909.96 2,831,428.16 2,888,056.73 2,945,817.86
Multiply: 12% 12.00% 12.00% 12.00% 12.00% 12.00%
Output Tax from Sales 326,577.64 333,109.20 339,771.38 346,566.81 353,498.14

Invntories, inclusive of VAT 611,688.00 643,889.00 677,784.00 713,460.00 751,017.00

Divided by: 1.12 1.12 1.12 1.12 1.12
Inventories, net of VAT 546,150.00 574,900.89 605,164.29 637,017.86 670,550.89
Multiply: 12% 12.00% 12.00% 12.00% 12.00% 12.00%
Input Tax from Inventories 65,538.00 68,988.11 72,619.71 76,442.14 80,466.11

Output Tax from Sales 326,577.64 333,109.20 339,771.38 346,566.81 353,498.14

Less: Input Tax from Inventories 65,538.00 68,988.11 72,619.71 76,442.14 80,466.11
Tax due for the Current Year 261,039.64 264,121.09 267,151.67 270,124.66 273,032.04

Tax due for the Current Year 261,039.64 264,121.09 267,151.67 270,124.66 273,032.04
Add: Payable from Previous Year - 65,259.91 66,030.27 66,787.92 67,531.17
Tax Due to Pay 261,039.64 329,381.00 333,181.94 336,912.58 340,563.20
Less: Portion Paid
RATIO AND RATIO ANALYSIS
*1st to 3rd quarter of the current year - 195,779.73 - 198,090.82 - 200,363.75 - 202,593.50 - 204,774.03
*Previous Year's Balance -
FINANCIAL - RATIOS
65,259.91 - 66,030.27 - 66,787.92 - 67,531.17
Total Payment
Formula -
2026 195,779.73 -
2027 263,350.73 -
2028 266,394.02 - 269,381.41
2029 - 272,305.19
2030
VAT Payable ₱65,259.91 ₱66,030.27 ₱66,787.92 ₱67,531.17 ₱68,258.01
I. LIQUIDITY RATIOS
Current Assets 2,229,881.62 2,513,770.53 2,806,339.07 3,107,488.72 3,417,720.05
Divide by: Current Liabilities 145,879.76 148,989.84 152,740.64 156,539.62 160,386.23
CURRENT RATIO 15.29 16.87 18.37 19.85 21.31

Cash + Short Term Investments + Net

2,229,881.62 2,513,770.53 2,806,339.07 3,107,488.72 3,417,720.05
Receivables
Divide by: Current Liabilities 145,879.76 148,989.84 152,740.64 156,539.62 160,386.23
QUICK RATIO 15.29 16.87 18.37 19.85 21.31
II. EFFICIENCY / ACTIVITY RATIOS
Formula 2026 2027 2028 2029 2030
Net Sales 2,721,480.36 2,775,909.96 2,831,428.16 2,888,056.73 2,945,817.86
Divide by: Average Total Assets 6,238,935.76 6,341,177.40 6,452,098.69 6,571,601.07 6,700,185.13
TOTAL ASSETS TURNOVER
0.44 0.44 0.44 0.44 0.44
RATIO

III. PROFITABILITY RATIOS

Formula 2026 2027 2028 2029 2030

Net Income After Tax 373,056.00 395,131.56 427,170.49 459,703.41 492,737.45

Divide by: Net Sales 2,721,480.36 2,775,909.96 2,831,428.16 2,888,056.73 2,945,817.86
NET PROFIT MARGIN 13.71 14.23 15.09 15.92 16.73

Net Income After Tax 373,056.00 395,131.56 427,170.49 459,703.41 492,737.45

Divide by: Average Total Assets 6,238,935.76 6,341,177.40 6,452,098.69 6,571,601.07 6,700,185.13
RETURN ON ASSETS RATIO 0.06 0.06 0.07 0.07 0.07

Net Income After Tax 373,056.00 395,131.56 427,170.49 459,703.41 492,737.45

Divide by: Average Total Equity 6,093,056.00 6,192,187.55 6,299,358.04 6,415,061.45 6,539,798.90
RETURN ON EQUITY 0.06 0.06 0.07 0.07 0.08

Operating Income 466,319.99 493,914.45 533,963.11 574,629.26 615,921.81

Divide by: Net Sales 2,721,480.36 2,775,909.96 2,831,428.16 2,888,056.73 2,945,817.86
RETURN ON SALES 17.13 17.79 18.86 19.90 20.91

Return on Investment
CVP/Breakeven Analysis
Divided by:
Net 2026
Income
Year Year 2027
Initial 2028 ROI 2029 2030
Fixed Costs After Tax
Salaries Expense (Annual Pay) Investment₱1,290,924.00
₱1,290,924.00 ₱1,290,924.00 ₱1,290,924.00 ₱1,290,924.00
Employer's Benefits Year 1 373,056.00 6,000,000.00
181,673.10 181,673.10 181,673.10 6.22%
181,673.10 181,673.10
13th Month Pay 107,577.00 107,577.00 107,577.00 107,577.00 107,577.00
Utilities Expense (Internet)
Year 2 395,131.56
30,000.00
6,000,000.00
30,000.00 30,000.00
6.59%
30,000.00 30,000.00
Year 3
Service Tools and Supplies Expense 427,170.49
91,162.00 6,000,000.00
94,080.25 97,090.50 7.12%
100,198.00 103,403.50
Depreciation - AdministrativeYear
Equipment
4 459,703.41 6,000,000.00 9,681.26
9,681.26 9,681.26 9,681.26
7.66% 9,681.26
Depreciation - Building 59,016.00 59,016.00 59,016.00 59,016.00 59,016.00
Year 5 Furniture
Depreciation - Service Equipment and 492,737.45
112,950.00 6,000,000.00
112,950.00 112,950.00 8.21%
112,950.00 112,950.00
Office Supplies Expense ROI FOR 2,385.00
5 YEARS 2,461.25 2,540.00 35.80%
2,621.25 2,705.00
Cleaning Supplies Expense 6,662.00 6,875.25 7,095.00 7,322.00 7,556.50
Permits and Licenses Expense 3,130.00 15,237.40 15,509.55 15,787.14 16,070.28
TOTAL FIXED COSTS 1,895,160.36 1,910,475.51 1,914,056.41 1,917,749.75 1,921,556.65

Sales Revenue 2,721,480.36 2,775,909.96 2,831,428.16 2,888,056.73 2,945,817.86

Less: Variable Cost
Inventories 546,150.00 574,900.89 605,164.29 637,017.86 670,550.89
Utilities Expense (Electricity and Water) 360,000.00 371,520.00 383,408.64 395,677.72 408,339.40
Total Variable Cost 906,150.00 946,420.89 988,572.93 1,032,695.57 1,078,890.30
Gross Margin 1,815,330.36 1,829,489.07 1,842,855.24 1,855,361.15 1,866,927.57

In Percentage:
Sales Revenue 100.00% 100.00% 100.00% 100.00% 100.00%
Less: Total Variable Cost 33.30% 34.09% 34.91% 35.76% 36.62%
Gross Margin Percentage 66.70% 65.91% 65.09% 64.24% 63.38%

Total Fixed Costs 1,895,160.36 1,910,475.51 1,914,056.41 1,917,749.75 1,921,556.65

Divided by: Gross Margin Percentage 66.70% 65.91% 65.09% 64.24% 63.38%
Break Even In Pesos ₱2,841,158.74 ₱2,898,791.85 ₱2,940,824.17 ₱2,985,170.87 ₱3,032,016.88
PAYROLL SUMMARY

Annual Gross Pay

Position
2026 2027 2028 2029 2030
Manager 240,000.00 240,000.00 240,000.00 240,000.00 240,000.00
Cashier 139,860.00 139,860.00 139,860.00 139,860.00 139,860.00
Mechanic 1 156,000.00 156,000.00 156,000.00 156,000.00 156,000.00
Mechanic 2 156,000.00 156,000.00 156,000.00 156,000.00 156,000.00
Mechanic 3 156,000.00 156,000.00 156,000.00 156,000.00 156,000.00
Recreational Activities
143,748.00 143,748.00 143,748.00 143,748.00 143,748.00
Staff
ANNUAL TOTAL 991,608.00 991,608.00 991,608.00 991,608.00 991,608.00

13th Month Pay

Position
2026 2027 2028 2029 2030
Manager 20,000.00 20,000.00 20,000.00 20,000.00 20,000.00
Cashier 11,655.00 11,655.00 11,655.00 11,655.00 11,655.00
Mechanic 1 13,000.00 13,000.00 13,000.00 13,000.00 13,000.00
Mechanic 2 13,000.00 13,000.00 13,000.00 13,000.00 13,000.00
Mechanic 3 13,000.00 13,000.00 13,000.00 13,000.00 13,000.00
Recreational Activities
11,979.00 11,979.00 11,979.00 11,979.00 11,979.00
Staff SSS Premiums (EE - Share)
Position
ANNUAL TOTAL 82,634.00 82,634.00 82,634.00 82,634.00 82,634.00
2026 2027 2028 2029 2030
Manager 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00
Cashier 6,900.00 6,900.00 6,900.00 6,900.00 6,900.00
Mechanic 1 7,800.00 7,800.00 7,800.00 7,800.00 7,800.00
Mechanic 2 7,800.00 7,800.00 7,800.00 7,800.00 7,800.00
Mechanic 3 7,800.00 7,800.00 7,800.00 7,800.00 7,800.00
Recreational Activities
7,200.00 7,200.00 7,200.00 7,200.00 7,200.00
Staff
ANNUAL TOTAL 49,500.00 49,500.00 49,500.00 49,500.00 49,500.00
 SSS and EC Premiums (ER - Share)
Position
2026 2027 2028 2029 2030
Manager 24,360.00 24,360.00 24,360.00 24,360.00 24,360.00
Cashier 13,920.00 13,920.00 13,920.00 13,920.00 13,920.00
Mechanic 1 15,720.00 15,720.00 15,720.00 15,720.00 15,720.00
Mechanic 2 15,720.00 15,720.00 15,720.00 15,720.00 15,720.00
Mechanic 3 15,720.00 15,720.00 15,720.00 15,720.00 15,720.00
Recreational Activities
14,520.00 14,520.00 14,520.00 14,520.00 14,520.00
Staff
ANNUAL TOTAL 99,960.00 99,960.00 99,960.00 99,960.00 99,960.00

PAGIBIG Premiums (EE - Share)

Position
2026 2027 2028 2029 2030
Manager 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00
Cashier 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00
Mechanic 1 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00
Mechanic 2 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00
Mechanic 3 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00
Recreational Activities
2,400.00 2,400.00 2,400.00 2,400.00 2,400.00
Staff
ANNUAL TOTAL 14,400.00 14,400.00 14,400.00 14,400.00 14,400.00

PAGIBIG Premiums (ER - Share)

Position
2026 2027 2028 2029 2030
Manager 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00
Cashier 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00
Mechanic 1 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00
Mechanic 2 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00
Mechanic 3 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00
Recreational Activities
2,400.00 2,400.00 2,400.00 2,400.00 2,400.00
Staff
ANNUAL TOTAL 14,400.00 14,400.00 14,400.00 14,400.00 14,400.00

Philhealth Premiums (EE - Share)

Position
2026 2027 2028 2029 2030
Manager 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
Cashier 3,496.50 3,496.50 3,496.50 3,496.50 3,496.50
Mechanic 1 3,900.00 3,900.00 3,900.00 3,900.00 3,900.00
Mechanic 2 3,900.00 3,900.00 3,900.00 3,900.00 3,900.00
Mechanic 3 3,900.00 3,900.00 3,900.00 3,900.00 3,900.00
Recreational Activities
3,593.70 3,593.70 3,593.70 3,593.70 3,593.70
Staff
ANNUAL TOTAL 24,790.20 24,790.20 24,790.20 24,790.20 24,790.20
 Philhealth Premiums (ER - Share)
Position
2026 2027 2028 2029 2030
Manager 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
Cashier 3,496.50 3,496.50 3,496.50 3,496.50 3,496.50
Mechanic 1 3,900.00 3,900.00 3,900.00 3,900.00 3,900.00
Mechanic 2 3,900.00 3,900.00 3,900.00 3,900.00 3,900.00
Mechanic 3 3,900.00 3,900.00 3,900.00 3,900.00 3,900.00
Recreational Activities
3,593.70 3,593.70 3,593.70 3,593.70 3,593.70
Staff
ANNUAL TOTAL 24,790.20 24,790.20 24,790.20 24,790.20 24,790.20

Annual Net Pay (Gross Pay less EE Share Deductions)

Position
2026 2027 2028 2029 2030
Manager 219,600.00 219,600.00 219,600.00 219,600.00 219,600.00
Cashier 127,063.50 127,063.50 127,063.50 127,063.50 127,063.50
Mechanic 1 141,900.00 141,900.00 141,900.00 141,900.00 141,900.00
Mechanic 2 141,900.00 141,900.00 141,900.00 141,900.00 141,900.00
Mechanic 3 141,900.00 141,900.00 141,900.00 141,900.00 141,900.00
Recreational Activities
130,554.30 130,554.30 130,554.30 130,554.30 130,554.30
Staff
ANNUAL TOTAL 902,917.80 902,917.80 902,917.80 902,917.80 902,917.80

Total Employer's Share (SSS & EC + PAG IBIG +

Position PHILHEALTH)
2026 2027 2028 2029 2030
Manager 32,760.00 32,760.00 32,760.00 32,760.00 32,760.00
Cashier 19,816.50 19,816.50 19,816.50 19,816.50 19,816.50
Mechanic 1 22,020.00 22,020.00 22,020.00 22,020.00 22,020.00
Mechanic 2 22,020.00 22,020.00 22,020.00 22,020.00 22,020.00
Mechanic 3 22,020.00 22,020.00 22,020.00 22,020.00 22,020.00
Recreational Activities
20,513.70 20,513.70 20,513.70 20,513.70 20,513.70
Staff
ANNUAL TOTAL 139,150.20 139,150.20 139,150.20 139,150.20 139,150.20

Total Annual Compensation (Gross Pay + 13th Month Pay)

Position
2026 2027 2028 2029 2030
Manager 260,000.00 260,000.00 260,000.00 260,000.00 260,000.00
Cashier 151,515.00 151,515.00 151,515.00 151,515.00 151,515.00
Mechanic 1 169,000.00 169,000.00 169,000.00 169,000.00 169,000.00
Mechanic 2 169,000.00 169,000.00 169,000.00 169,000.00 169,000.00
Mechanic 3 169,000.00 169,000.00 169,000.00 169,000.00 169,000.00
Recreational Activities
155,727.00 155,727.00 155,727.00 155,727.00 155,727.00
Staff
ANNUAL TOTAL 1,074,242.00 1,074,242.00 1,074,242.00 1,074,242.00 1,074,242.00