AMPALAYA ICE CREAM
START-UP CAPITAL
FIXED ASSETS
Cooking Utensils
1 mixing bowl P 374
2 units storage box 300
1 unit chopping boards 50
1 unit knives 145
1 unit spatula 60
1 unit strainer 45
1 units tables 550
2 units chairs 460
Total 1,984
Cooking Equipment
1 unit freezer 12,000
1 unit hand mixer 799
TOTAL FIXED ASSETS 14,783.00
COST OF SALES (1 Month Production)
Direct Materials 27,105.00
Manufacturing Overheads 1,200.00
TOTAL COST OF SALES 28,305.00
OPERATING EXPENSES( 1 Month
Production)
Salaries Expense 12,900
Operating Supplies 179
Transportation Allowance 1,000
Repairs and Maintenance 500
Advertising Expense 500
Sanitation Expenses 320
Permits and Licenses 3,860
Rent Expense (1 month advance/1 month
deposit) 3,000
TOTAL OPERATING EXPENSES 22,259
CASH ON HAND 20,000
TOTAL P 85,347.00
AMPALAYA ICE CREAM
Projected Income Statement
For the Years Ended December
31 Note 2020 2021 2022
Revenue
Sales 1 720,000.00 778,680.00 842,142.42
Less: Cost of Sales
Direct Raw Materials 2 325,260.00 351,768.69 380,437.84
Manufacturing Overheads 4 14,400.00 15,120.00 15,876.00
Total (339,660.00) (366,888.69) (396,313.84)
Gross Profit 380,340.00 411,791.31 445,828.58
Less: Operating Expenses
Purchased of Capital Assets 14,783.00
Operating Supplies 5 551.00 578.55 607.48
Salaries Expense 6 154,800.00 162,540.00 170,667.00
Transportation Expense 7 1,050.00 1,102.50 1,157.63
Repair and Maintenance 8 2,000.00 2,100.00 2,205.00
Advertising Expense 9 1,200.00 1,260.00 1,323.00
Sanitation Expenses 10 1,520.00 1,596.00 1,675.80
Permits and Licenses 11 3,860.00 4,053.00 4,255.65
Bookkeeping Expenses 12 3,000.00 3,150.00 3,307.50
Depreciation Expense 13 927.67 927.67 927.67
Rent Expense 14 18,000.00 18,900.00 19,845.00
Total Expenses (201,691.67) (196,207.72) (205,971.72)
Earnings Before Tax 178,648.33 215,583.59 239,856.86
Less: Provisions of Tax
On P250,000 - - -
Excess of P250,000 - - -
Tax Due - - -
EARNINGS AFTERTAX 178,648.33 215,583.59 239,856.86
AMPALAYA ICE CREAM
Cash Flow Statement
For the Years Ended December 31 2020
CASH FLOWS FROM OPERATING ACTIVITIES
From Operations:
Net Income 178,648.33 215,583
Add: Depreciation Expense 927.67 92
Net Cash Provided in Operating
Activities 179,576.00 216,511
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of Fixed Assets (14,783.00)
Net cash provided by Investing
Activities (14,783.00)
CASH FLOWS FROM FINANCING ACTIVITIES
Initial Investment made by Owners 85,347.00
Withdrawal by the owner (53,594.50) (64,675
Net cash provided by Financing
Activities 31,752.50 (64,675
NET INCREASE IN CASH 196,545.50 151,836
Cash Balance at the Beginning 196,545
Cash Balance at the End 196,545.50 348,381
AMPALAYA ICE CREAM
Balance Sheet
As of Years Ended December 2020 2021 2022
31
ASSETS
Current Assets
Cash balance 196,545.50 348,381.68 517,209.15
Total Current Assets 196,545.50 348,381.68 517,209.15
Non-Current Assets
FIXED ASSETS 14,783.00 14,783.00 14,783.00
Less: Depreciation 927.67 1,855.33 2,783.00
Net Book Value 13,855.33 12,927.67 12,000.00
Total Assets 210,400.83 361,309.35 529,209.15
LIABILITIES AND OWNER'S EQUITY
Liabilities 0.00 0.00 0.00
Owner's Equity
Capital Beg. - 210,400.83 361,309.35
Investment 85,347.00
Add: : Net Income 178,648.33 215,583.59 239,856.86
Total 263,995.33 425,984.43 601,166.21
Less : Withdrawal (53,594.50) (64,675.08) (71,957.06)
Owner's Equity, End 210,400.83 361,309.35 529,209.15
Total Liabilities & Owner's Equity 210,400.83 361,309.35 529,209.15
Note 2- Raw Mateials (Year 1)
Particulars Unit Cost Quantity Used Total Cost
condensed
milk
28 6 cans 168.00
evap milk
24 12 cans 288.00
all purpose
cream
48 12 packs 576.00
ampalaya
45 0.25 kilo 11.25
plastic cups
31 8 packs. 248.00
plastic
spoon 16 4 packs 64.00
Total Production Cost 1,355.25
Total Quantity Produced 200
Cost Per Unit 6.78
Average Monthly Production 4,000
Monthly Production Cost 27,105.00
Annual Production Cost 325,260.00
Note 2- Raw Mateials (Year 2)
Unit Quantity
Particulars Cost Used Total Cost
condensed milk 29.4 6 cans 176.40
evap milk 25.2 12 cans 302.40
all purpose cream 50.4 12 packs 604.80
ampalaya 47.25 0.25 kilo 11.81
plastic cups 32.55 8 packs. 260.40
plastic spoon 16.8 4 packs 67.20
Total Production Cost 1,423.01
Total Quantity Produced 200
Cost Per Unit 7.12
Average Monthly Production 4120
Monthly Production Cost 29,314.06
Annual Production Cost 351,768.69
Note 2- Raw Materials (Year 3)
Particulars Unit Cost Quantity Used Total Cost
condensed milk 30.87 6 cans 185.22
evap milk 26.46 12 cans 317.52
all purpose cream 52.92 12 packs 635.04
ampalaya 49.613 0.25 kilo 12.40
plastic cups 34.178 8 packs. 273.42
plastic spoon 17.64 4 packs 70.56
Total Production Cost 1,494.16
Total Quantity Produced 200
Cost Per Unit 7.47
Average Monthly Production 4244
Monthly Production Cost 31,703.15
Annual Production Cost 380,437.84
Note 1-Projected Sales
Monthly Annual Projected Selling Pro
Year Production Production Price S
48,000
2020 4000 15 72
49,440
2021 4120 15.75 77
50,923
2022 4244 16.54 84
Note 3-Manufacturing Overheads
Volume/Qty.
Utilities Unit Cost Usage Frequency Mont
Used
Water 5 per day 30
Electricity 35 per day 30
Total 40 per day
Note 4-Operating Supplies
Particulars Unit Cost Quantity Monthly Cost
2
Record Book 55 1 55
Pen 10 2 20
Sticker Paper 27 2 54
Others 50 1 50
Total 179
Note 5-Salaries and Wages
Position Number of Workers Daily Rate Monthly Rate
2
Service Crews 1 180 5,400 64,800
Worker 1 250 7,500
90,000
Total 2 430 12,900.00 154,80
Note 6-Transportation Expense
Annual Cost
Particulars Monthly Cost
2020 2021 2
Allowances 1,000 1050 1102.5
Note 7-Repairs and Maintenance
Annual Cost
Particulars Monthly Cost
2020 2021 2
Professional Fee 500 2,000 2,100 2,205
Note 8-Advertising Expense
Annual Cost
Particulars Monthly Cost
2020 2021 2
Flyers 300 1,200 1,260 1
Note 9-Sanitation Expense
Particulars Unit Cost Quantity Monthly Cost
2
Trash can 50 3 150
Cleaning Tools 25 2 50
Washing Supplies 30 4 120
Total 320 1
Note 10-Permits and Licenses
Particulars 2020 2021 2022
Municipal Permit 1,700 1,785 1,874
Bargangay Permit 500 525 551
Purok Permit 150 158 165
Total 2,350 2,468 2,591
Note 11-Bookkeeping Expense
Particulars 2020 2021 2022
Professional Fee 3,000 3,150 3,308
Note 12-Depreciation Expense
Particulars Unit Cost Quantity Amount Estim
1,984
Cooking Utensils 1,984 1
Cooking
Equipment 799 1 799
Total 2,783
Note 13-Rent Expense
Annual Cost
Particulars Monthly Rent
2020 2021 2
Rent Expense 1,500 18,000 18,900 19,845
Gross Profit Margin
2020 2021 2022
Gross Profit
380,340.00 411,791.31 445,828.58
Net Sales
720,000.00 778,680.00 842,142.42
53% 53% 53%
Current Ratio
2020 2021 2022
Current Assets
196,092.50 349,038.53 519,031.34
Current
Liabilities - - -
#DIV/0! #DIV/0! #DIV/0!
Profitability Ratio
0 0 0
Net Income
180,158.33 217,169.09 241,521.64
Capital
Investment 83,837.00 83,837.00 83,837.00
215% 259% 288%
Net Profit Ratio
2020 2021 2022
Net Income
180,158.33 217,169.09 241,521.64
Sales
720,000.00 778,680.00 842,142.42
25% 28% 29%
Return on Assets
2020 2021 2022
Net Income
180,158.33 217,169.09 241,521.64
Total Assets
209,947.83 361,966.20 531,031.34
86% 60% 45%
Return on Equity
2020 2021 2022
Net Income
180,158.33 217,169.09 241,521.64
Owner's Equity
209,947.83 361,966.20 531,031.34
86% 60% 45%
