Personnel
Working
Days
No.
PAYROLL SCHEDULE
DEDUCTIONS
SSS
PhilHealth
ER
EE
ER EE
Employees in Operation
36,400
Pag-Ibig
ER
EE
Total
Deductions
Net
Monthly
Pay
No. of Months per
Year
Total
Salary Per
Year
260
26
Rih Anna
Christine
Hermoso
260
26
6760
525.7
254.3
100
100
139.36
139.36
493.66
6266.34
12
75196.08
260
26
6760
525.7
254.3
100
100
139.36
139.36
493.66
6266.34
12
Miley Cyprus
260
26
6760
525.7
254.3
100
100
139.36
139.36
493.66
6266.34
12
Hanna Montano
260
26
6760
525.7
254.3
100
100
139.36
139.36
493.66
6266.34
12
Katy Perry
260
26
6760
525.7
254.3
100
100
139.36
139.36
493.66
6266.34
12
75196.08
75196.08
75196.08
75196.08
375980.4
0
62716.08
62716.08
125432.1
6
0
LAUNDRESS
Monthly
Gross
Pay
TOTAL
ROUTE WORKER
220
26
5720
Jeremy Quintana
220
26
5720
525.7
254.3
100
100
139.36
139.36
493.66
5226.34
12
Gio Mejia
220
26
5720
525.7
254.3
100
100
139.36
139.36
493.66
5226.34
12
TOTAL
Employee in Security Section
SECURITY
GUARD:
Elbert Quintana
Sagre
215
26
215
5590
26
5590
525.7
254.3
100
100
139.36
139.36
493.66
5096.34
12
100
100
139.36
139.36
493.66
8606.34
12
4442.94
55487.06
12
61156.08
0
0
103276.0
8
665844.7
2
9634.94
12
115619.28
Employee in Finance
CASHIER:
Khrizza
Mansibang
350
26
350
9100
26
TOTAL
9100
525.7
254.3
56,810 4731.3 2288.7 900
900 1254.24 1254.24
"Employee's Contribution " ( EE) = 53, 315
"Employer's Contribution " (ER) = 82, 627
Employer
LAUNDRY MANAGER
Benjamin
Ladesma
400
26
10400
525.7
100
139.36
765.06
Machines
Type
PRE- OPERATING EXPENSES
Amount
Total
9 kg Top Load Washing Machines with T-Drive Washing
Technology
111975
7 kg Sensor Dry Dryer with Iron Aid
37990
149965
Water Tank
Exhaust Fan
Weighing Scale
Steam Flat Iron
10000
6000
3500
4380
23880
Equipment
Vehicle
Secondhand Van
150,000
18, 500
20, 800
Leasehold Improvements
Furniture and Fixtures
Advertising Expenses
Leaflets and Flyers
Tarpaulin
3000
2500
Gloves
Laundry Basket
Dipper
Hangers
Face Mask
500
2000
500
4000
1200
5,500
Supplies , etc
Plastic Basin
Tagging Paper
Ballpens
Scotch Tape
Record book
Calculator
Water Hose
Fire Extinguisher
Order Slip
Delivery Slip
Plastic Bag
1 sq. meter of black Shade Cloth
Plastic Container
Sando Bags
2000
9,000
450
500
100
200
1500
1600
1687.5
2600
1380
100
750
2750
32,818
Powder Detergents
Fabric Softener
Fabric Freshner
Liquid Bleach
Liquid Detergent
Paint, Oil and Grease Remover
19500
7600
10000
3280
5000
5000
50380
Cleaning Products
Duties and Licenses
2720
454, 563
TOTAL
\
DEPRECIATION TABLE
Quantity
Cost/Equipment/Furniture
total Acquisition
Cost
Scrap
Value
Est. Useful
Life
Annual
Dep'n
9kg Top Load Washing Machine with T-Drive Washing Technology
22395
111975
11197.5
10
10077.75
7kg Sensor Dry Dryer with Iron Aid - EDS7051
18995
37990
3799
10
3419.1
Steam Flat Iron
2190
4380
438
985.5
Direct Equipment-Overhead
14482.35
MultiCab
150000
150000
15000
10
13500
Water Tank
10000
10000
1000
1800
Weighing Scale
3500
3500
350
630
Exhaust Fan
6000
6000
600
1350
Administrative Equipment
17280
Total Depreciable Equipments
Building
323845
950000
950000
Furnitures and Fixtures
20800
Building Improvements
18500
Land
31762.35
20
42750
20800
4160
18500
3700
550,000
95000
Breakdown of Utilities (Indirect)
Description
Consumption per day
In 1 year
TOTAL
Gasoline
100
312
31200
Telephone
33.3
312
10389.6
Electricity
51.30058
312
16005.78096
105.625
312
32955
Water
TOTAL
90550.38096
Statement of Cost of Service Provided
YEAR 1
Inventory 1
0
Purchases
50380
Freight-In
2519
Total Purchases
Less:
Purchase discounts (5% of Purchases)
Net Purchases
Cost of Inventory Available for Use
Less:
52899
2519
50380
50380
Inventory end,
Cost of Inventory Used
Salaries of Direct Workers
2519
47861
501412.56
Total Depreciation of Direct Equipment
TOTAL COST OF SERVICES
14482.35
563755.91
WASH ME NAE NAE LAUNDRY SHOP
Statement of Financial Position
As of the Fiscal Year June 30, 2014
Current Assets
Cash
Inventories
Supplies
Total Current Assets
2,044,874
2,519
15299
2,062,692
Non Current Assets
Land
Building
Less: Accumulated Depreciation
Equpment
Less: Accumulated Depreciation
Building Improvements
Less: Accumulated Depreciation
Furniture and Fixtures
Less: Accumulated Depreciation
Total Non-Current Assets
550,000
950000
42750
323845
31762.35
18500
3700
20800
4160
1,780,773
Total Assets
3,843,464
LIABILITIES & OWNER'S EQUITY
Current Liabilities
Due to SSS
Due to Philhealth
Due to Pag-Ibig
Income Tax Payable
Total Current Liabilities
Non Current Liabilities
Loan Payable
Total Liabilities
Equity
Benjamin's Capital
Khrizza's Capital
Glenn's Capital
Victor's Capital
Marionne's Capital
Total Equity
Total Liabilities and Equity
63084
12000
16723.2
115097.0291
206904.2291
0
206904.2291
2021789.57
523365.6764
358855.9735
459529.1087
273019.4058
3636559.735
3843463.964
WASH ME NAE NAE LAUNDRY SHOP
Income Statement
As of the end of Fiscal Year June 30, 2014
Service Revenues
Less:
1513450.67
Discounts
Net Service Revenue
Less:
1,467,593.11
Cost of Services
Gross Profit
Less:
45857.5553
563755.91
903,837.20
EXPENSES
Salaries & Wages
218895.36
Depreciation - Office Equipment
17280
Depreciation- Building
42750
Depreciation-Building Improvements
3700
Depreciation-Furnitures and Fixtures
4160
Supplies
Advertising
32,818
5,500
SSS Contibution
63084
PhilHealth Contribution
12000
Pag-Ibig Contribution
Duties and Licenses
Utilities
Repair and Maintenance Expense
Total General and Administrative Expenses
16723.2
2720
90550.38096
10000
520180.441
Income before Tax
383,656.76
Income Tax (30%)
115097.0291
Income After Tax
268,559.73
WASH ME NAE NAE LAUNDRY SHOP
Statement of Cash Flows
As of the end of Fiscal Year June 30, 2014
Cash Provided/Used by Operating Activities
Cash Receipt from Sales & Services
Purchase of Inventory
Payment of Advertising Fee
Payment of Utilities Expense
Payment of Supplies
Payment of Repairs and Expense
Payment of Salaries/Wages
Payment of Duties and Licenses
AMOUNT
1,513,450.67
50380
5,500
90550.38096
32,818
10000
781464
2720
Payment of Withholding Tax
Payment of Income Tax
Net Cash Provided by Operating Activities
540,018.79
Cash Provide/Used from Investing Activities
Payment to Acquire Equipment
323845
Payment for Furnitures and Fixtures
20800
Payment for Building Improvements
18500
Net Cash Used in Investing Activities
363145
Cash Provided from Financing Activities
Cash Received as Investment by Partners
Payment for withdrawal by partners
Net Cash Provided by Financing Activities
TOTAL
2000000
132000
1868000
2,044,873.79
Wash Me NAE NAE Laundry Shop
Statement of changes in Partner's Equity
As of the End of Fiscal Year June 30, 2014
Benjamins
Capital
Beginning Balance
Add:Investment
Khrizza's
Capital
Glenn's
capital
Victor's
Capital
Marionne's
Capital
Total
1900000
500000
350000
450000
300000
3500000
Net Income (based on Capital Contribution)
268559.7346
145789.5702
268559.7346
38365.67637
268559.7346
26855.97346
268559.7346
34529.10874
268559.7346
Total
Less Withdrawal
Ending Capital Balance
23019.40582
2045789.57
538365.6764
376855.9735
484529.1087
323019.4058
268559.735
24000
15000
18000
25000
50000
132000
2021789.57
523365.6764
358855.9735
459529.1087
273019.4058
136559.735
