MJ'S FOOD TRUCK

TOTAL PROJECT COST

Fixed Investment
Transportation Equipment 600,000.00
Machineries, Fixtures, and Equipment 218,724.00
Manufacturing Fixtures, and Equipment 5,906.00
Furniture and Fixtures 7,253.00
Utensils 5,906.00
TOTAL FIXED INVESTMENT 837,789.00

Initial Working Capital

Within the First Three Months of Business
Direct Materials Purchases (3 months) 122,097.08
Salaries Expense (3 months) 111,840.00 ###
Employees Benefits (3 months) 9,540.75 ###
Utilities Expense (3 months) - ###
Marketing Expense 12,000.00
Indirect 36,291.64
Supplies 2,553.00
Cleaning Supplies 820.00
TOTAL INITIAL WORKING CAPITAL 295,142.48

Pre-Operating Expense
Permits and Licenses Expense 17,601.00
Prepaid Rent -
TOTAL PRE-OPERATING EXPENSE 17,601.00

Total 1,150,532.48
Add: Contingency Fund 49,467.52
TOTAL PROJECT COST 1,200,000.00

150000
 MJ'S FOOD TRUCK
Depreciation Schedule of Noncurrent Assets/Property, Plant and Equipment

SALVAGE DEPRECIABLE ESTIMATED

ITEMS TOTAL COSTS
VALUE AMOUNT USEFUL LIFE
Transportation Equipment
Truck 600,000.00 ₱30,000.00 ₱ 570,000.00 5
TOTAL 600,000.00 30,000.00 570,000.00

Machineries, Fixtures, and Equipment

Solar Panel 215,000.00 ₱10,750.00 ₱ 204,250.00 5
POS System 2,125.00 ₱106.25 ₱ 2,018.75 5
CCTV 1,599.00 ₱79.95 ₱ 1,519.05 5
TOTAL 218,724.00 10,936.20 207,787.80

Manufacturing Fixtures, and Equipment

Griddle 5,500.00 ₱275.00 ₱ 5,225.00 5
Gas Tank 3,398.00 ₱169.90 ₱ 3,228.10 5
Food Display 1,599.00 ₱79.95 ₱ 1,519.05 5
Freezer 13,642.00 ₱682.10 ₱ 12,959.90 5
Gas Stove 828.00 ₱41.40 ₱ 786.60 5
TOTAL 24,967.00 1,248.35 23,718.65

Furniture and Fixtures

Umbrella Sun Shade 1,800.00 ₱90.00 ₱ 1,710.00 5
Stand Fan 1,528.00 ₱76.40 ₱ 1,451.60 5
Portable Folding Table 1,445.00 ₱72.25 ₱ 1,372.75 5
Portable Folding Chairs 2,480.00 ₱124.00 ₱ 2,356.00 5
TOTAL 7,253.00 362.65 6,890.35
Utensils
Small Food Container 145.00 ₱7.25 ₱ 137.75 5
Large Food Container 645.00 ₱32.25 ₱ 612.75 5
Condiment Container 549.00 ₱27.45 ₱ 521.55 5
Sizzling Plate with Wooden Base 1,785.00 ₱89.25 ₱ 1,695.75 5
Griddle Spatula 240.00 ₱12.00 ₱ 228.00 5
Kitchen Knife Set 109.00 ₱5.45 ₱ 103.55 5
Non-stick Frying Pan 518.00 ₱25.90 ₱ 492.10 5
Pot 1,798.00 ₱89.90 ₱ 1,708.10 5
Kitchenware Utensil Set 117.00 ₱5.85 ₱ 111.15 5
TOTAL 5,906.00 295.30 5,610.70
 ANNUAL
DEPRECIATION

₱114,000.00
114,000.00

₱40,850.00
₱403.75
₱303.81
41,557.56

₱1,045.00 162,801.50
₱645.62
₱303.81
₱2,591.98
₱157.32
4,743.73
856,850.00

₱342.00
₱290.32
₱274.55
₱471.20
1,378.07
 ₱27.55
₱122.55
₱104.31
₱339.15
₱45.60
₱20.71
₱98.42
₱341.62
₱22.23
1,122.14
 FINA
The revenue and expenditure forecasts for the next five years will be based on the assumptions
their company. The assumptions will cover a period of five-year projection from 2025-2029 and
1. Annual Operating Days
· The official opening date and start of the business will be January 1, 2025 --- following a cale
· The business is VAT-registered since the Sales Revenue is expected to be greater than P3,00

2. Assets
· The company will rent, and all of the equipment, furniture & fixtures and supplies will be pu
assets.
· All sales are paid by customers. No Accounts Receivable will be recorded in the transactions
· There will be no additional acquisitions of long-term assets in the next five years.
· Petty Cash Fund to be established is P20,000, to be used for small expenses, while the rest o
· Prepaid Rent payment covers 1-month rent advance.

3. Liabilities
· Utilities Payable shown in the Balance Sheet represent the utilities expense for the last mo
· Statutory Contribution Payables such as SSS, Philhealth and PAGIBIG are remitted every mo
period, to be paid next month.
· VAT Payable shown in the Balance Sheet represents the last quarter of the current period,
· Income Tax Payable shown in the Balance Sheet represents the last quarter of the current p

4. Equity
· The Partners contributed a total of P3,000,000 capital from their personal savings.
· The Partners can withdraw 10% of his/her share in the initial investment.
The Partners will have a salary of 15% based on their beginning capital
The Partners will have equal share on the Net income
5. Revenue/Sales
· Selling Price of units are expected to increase by 6% annually.
· Gross sales will be computed by multiplying the number of units sold to customer with the
· All sales revenue will be paid in cash. (No accounts receivable should be assumed)
The sales in units are assumed to be increased by 6.1 % annually

6. Expenses
· Employees will be paid twice a month, every 15th and 30th day of each month. Salaries expen
· All supplies acquired will be paid in cash, and are increasing by 3.1% every year based on PS
· Depreciation is calculated based on the fixed asset cost, less salvage value and depreciated
its salvage value. Salvage value will be 5% of the cost of the fixed asset.
· Rent and Utilities Expenses (Water and Electricity) will be paid in cash, and are increasing by
· Internet in Utilities Expenses will be paid in cash, and will remain constant annually.
· Rent Expense and Utilities Expense are to be allocated equally between production and sell
· Marketing Expense will be paid in cash, and are increasing by 3.1% every year based on PSA

7. Permits and Taxes

· Permits and licenses will be paid in cash annually(except for the one-time registration paym
· As per CREATE LAW Corpprate Income tax for business having less than effective January 20
 MJ'S FOOD TRUCK
Statement of Financial Performance / Income Statement
For the Years Ended December 31, 2025 - 2029

Notes 2025 2026 2027 2028 2029

Sales 1 1,389,235.09 1,682,222.96 2,029,593.28 2,451,505.76 2,963,547.84
Less: Cost of Goods Sold 2 801,540.14 1,088,319.80 1,181,123.55 1,283,782.36 1,396,256.86
Gross Income 587,694.95 593,903.16 848,469.73 1,167,723.40 1,567,290.98
Less:
Compensation Expense 3 171,240.00 176,478.30 181,862.90 187,380.50 192,487.70
Depreciation - Transportation Equipment 4 114,000.00 114,000.00 114,000.00 114,000.00 114,000.00
Depreciation - Machineries, Fixtures and Equipments 5 41,557.56 41,557.56 41,557.56 41,557.56 41,557.56
Depreciation - Manufacturing Fixtures, and Equipment 6 4,743.73 4,743.73 4,743.73 4,743.73 4,743.73
Depreciation - Furnitures and Fixtures 7 1,378.07 1,378.07 1,378.07 1,378.07 1,378.07
Depreciation - Utensils 8 1,122.14 1,122.14 1,122.14 1,122.14 1,122.14
Maintenance Expense 9 55,900.00 57,633.00 59,419.75 61,262.00 63,161.25
Gasoline Expense 10 134,400.00 138,566.50 142,862.00 147,290.75 151,856.75
Supplies Expense 11 2,553.00 2,632.00 2,713.25 2,797.75 2,884.50
Office Supplies Expense 12 95.00 98.00 101.00 104.25 107.50
Cleaning Supplies Expense 13 820.00 845.00 871.25 898.25 926.00
Permits and Licenses Expense 14 17,601.00 7,551.00 7,551.00 7,551.00 7,551.00
Marketing Expense 15 12,000.00 12,372.00 12,755.50 13,151.00 13,558.75
Total Expenses 557,410.50 558,977.30 570,938.15 583,237.00 595,334.95

Net Income Before Tax 30,284.45 34,925.86 277,531.58 584,486.40 971,956.03

Less: Corporate Income Tax 16 6,056.89 6,985.17 55,506.32 116,897.28 194,391.21
Net Income After Tax 24,227.56 27,940.69 222,025.26 467,589.12 777,564.82
- - - -
For the Years Ended 16
December 31, 2025 2026 2027 2028 2029
2025 - 2029 20% 20% 20% 20% 20%
 Notes(IS)

Notes to Income Statement

Note 1 - Sales 2025

Number of Units Sold Annually - Longganisa Sisig Tacos 811
Multiply: Price Per Product 80.00
Subtotal 64,865.28

Number of Units Sold Annually - Pork Sisig Tacos 4,832

Multiply: Price Per Product 80.00
Subtotal 386,597.07

Number of Units Sold Annually - Chicken Sisig Tacos 1,881

Multiply: Price Per Product 80.00
Subtotal 150,487.45

Number of Units Sold Annually - Bangus Sisig Tacos 584

Multiply: Price Per Product 80.00
Subtotal 46,703.00

Number of Units Sold Annually - Sizzling Pork Sisig 5,441

Multiply: Price Per Product 99.00
Subtotal 538,672.56

Number of Units Sold Annually - Sizzling Chicken Sisig 1,536

Multiply: Price Per Product 99.00
Subtotal 152,095.78

Number of Units Sold Annually - Sizzling Bangus Sisig 1,024

Multiply: Price Per Product 99.00
Subtotal 101,397.19

Page 11
 Notes(IS)

Number of Units Sold Annually - Lemon Iced Tea 4,250

Multiply: Price Per Product 25.00
Subtotal 106,251.46

Number of Units Sold Annually - Calamansi Iced Tea 1,379

Multiply: Price Per Product 25.00
Subtotal 34,467.84

Number of Units Sold Annually - Cucumber Lemonade Iced Tea 1,264

Multiply: Price Per Product 25.00
Subtotal 31,606.45

VATable Sales 1,578,676.24

Less: 12% Output Tax (Inclusive) 189,441.15
Sales 1,389,235.09

Note 2 - Cost of Goods Sold 2025

DIRECT MATERIALS
Raw Materials Inventory, Beg -
Add: Direct Materials Purchases (Schedule 1) 488,388.34
Total Raw Materials Available for Use 488,388.34
Less: Raw Materials Inventory, Ending (9,767.77)
Direct Materials Used 478,620.57
Add: DIRECT LABOR (Schedule 2) 177,753.00
Add: OVERHEAD (Schedule 3) 145,166.57
Cost of Goods Sold 801,540.14

Note 3 - Compensation Expense 2025

Salaries Expense 140,400.00
13th Month Pay 11,700.00
SSS and EC Premiums Expense - ER Share 13,230.00
PAGIBIG Premiums Expense - ER Share 2,400.00

Page 12
 Notes(IS)

Philhealth Premiums Expense - ER Share 3,510.00

Compensation Expense 171,240.00

Note 3 - Utilities Expense 2025

Monthly Electricity -
Monthly Water -
Monthly Internet -
Total Monthly Utilities -
Multiply: Number of Months in a Year 12
Total Annual Utilities -
Multiply: Allocated to Selling and Administrative 50.00%
Utilities Expense -

Note 3 - Rent Expense 2025

Monthly Rent -
Multiply: Number of Months in a Year 12
Total Annual Rent -
Multiply by: Allocated to Selling and Administrative 50%
Rent Expense -

Note 4 - Depreciation - Transportation Equipment 2025

Truck 600,000.00
TOTAL PRICE 600,000.00
Less: Salvage Value 30,000.00
Depreciable Amount 570,000.00
Depreciation - Transportation Equipment 114,000.00

Note 5 - Depreciation - Machineries, Fixtures and Equipments 2025

Solar Panel 215,000.00
POS System 2,125.00
CCTV 1,599.00
TOTAL PRICE 218,724.00

Page 13
 Notes(IS)

Less: Salvage Value 10,936.20

Depreciable Amount 207,787.80
Depreciation - Machineries, Fixtures and Equipments 41,557.56

Note 6 - Depreciation - Manufacturing Fixtures, and Equipment 2025

Griddle 5,500.00
Gas Tank 3,398.00
Food Display 1,599.00
Freezer 13,642.00
Gas Stove 828.00
TOTAL PRICE 24,967.00
Less: Salvage Value 1,248.35
Depreciable Amount 23,718.65
Depreciation - Manufacturing Fixtures, and Equipment 4,743.73

Note 7 - Depreciation - Furnitures and Fixtures 2025

Umbrella Sun Shade 1,800.00
Stand Fan 1,528.00
Portable Folding Table 1,445.00
Portable Folding Chairs 2,480.00
TOTAL PRICE 7,253.00
Less: Salvage Value 362.65
Depreciable Amount 6,890.35
Depreciation - Furnitures and Fixtures 1,378.07

Note 8 - Depreciation - Utensils 2025

Small Food Container 145.00
Large Food Container 645.00
Condiment Container 549.00
Sizzling Plate with Wooden Base 1,785.00
Griddle Spatula 240.00
Kitchen Knife Set 109.00

Page 14
 Notes(IS)

Non-stick Frying Pan 518.00

Pot 1,798.00
Kitchenware Utensil Set 117.00
TOTAL PRICE 5,906.00
Less: Salvage Value 295.30
Depreciable Amount 5,610.70
Depreciation - Utensils 1,122.14

Note 9 - Maintenance Expense 2025

Preventive Maintenance 3,000.00
Brake Fluid 1,100.00
Tire 14,500.00
4d Battery 8,500.00
Coolant Radiator 12,000.00
Fuel Filter 4,000.00
Change Oil 3,700.00
Verify Tire Pressure 300.00
Change Air Filter 2,200.00
Electrical System Verification 2,500.00
Inspection of Gear Box 600.00
Changing of Interior Lighting 1,700.00
Inspection of Brakes 900.00
Testing of Battery load 900.00
Maintenance Expense 55,900.00

Note 10 - Gasoline Expense 2025

Fuel, Oil, and Lubricants 134,400.00
Gasoline Expense 134,400.00

Note 11 - Supplies Expense 2025

Hot Plate Gripper 198.00
Chopping Board 156.00

Page 15
 Notes(IS)

Tong 80.00
Sauce Bottle 120.00
Water Container 417.00
Tissue Paper Napkin 156.00
Kitchen Gloves 48.00
Hairnet 50.00
Apron 132.00
Light bulb 96.00
Fire Extinguisher 1,100.00
Supplies Expense 2,553.00

Note 12 - Office Supplies Expense 2025

Cash Register Paper 95.00
Office Supplies Expense 95.00

Note 13 - Cleaning Supplies Expense 2025

Kitchen Towel 100.00
Basin 90.00
Trash Bag 140.00
Doormat 52.00
Broomstick 55.00
Dust pan 35.00
Dishwashing Liquid 88.00
Sponge 18.00
Broom 120.00
Alcohol 122.00
Cleaning Supplies Expense 820.00

Note 14 - Permits and Licenses Expense 2025

Mayor's Permit 1,000.00
Business Permit 1,290.00
Health Certicifate 100.00

Page 16
 Notes(IS)

Fire Safety Inspection Certificate 649.00

Barangay Permit 500.00
BMBE Certificate of the authority 300.00
DTI Business Name Registration Certificate
Annual Registration Fee 500.00
Certification Fee 100.00
Documentary Stamp Tax 30.00
Community Tax Certificate 100.00
SEC Registration 300.00
Business Name Reservation 120.00
SEC Express Lane 600.00
SEC Registration Fee 2,530.00
Stock Transfer Book 1,500.00
Information Statement 5,000.00
BIR Certification of Registration
Annual Registration Fee 500.00
Certification Fee 100.00
Documentary Stamp Tax 30.00
LTO Fee 2,352.00
Permits and Licenses Expense 17,601.00

Note 15 - Marketing Expense 2025

Flyers 12,000.00
Marketing Expense 12,000.00

Note 16 - Income Tax Expense 2025

Net Income Before Tax 30,284.45
Multiply: Percentage Bracket 20.00%
Income Tax Expense 6,056.89

Page 17
 Notes(IS)

Price increase

2026 2027 2028 2029

924 1,052 1,198 1,365
85.00 90.00 95.00 101.00
78,540.00 94,680.00 113,810.00 137,865.00

5,504 6,269 7,140 8,132

85.00 90.00 95.00 101.00
467,840.00 564,210.00 678,300.00 821,332.00

2,143 2,441 2,780 3,166

85.00 90.00 95.00 101.00
182,155.00 219,690.00 264,100.00 319,766.00

665 757 862 982

85.00 90.00 95.00 101.00
56,525.00 68,130.00 81,890.00 99,182.00

6,197 7,058 8,039 9,156

105.00 111.00 118.00 125.00
650,685.00 783,438.00 948,602.00 1,144,500.00

1,750 1,993 2,270 2,586

105.00 111.00 118.00 125.00
183,750.00 221,223.00 267,860.00 323,250.00

1,167 1,329 1,514 1,724

105.00 111.00 118.00 125.00
122,535.00 147,519.00 178,652.00 215,500.00

Page 18
 Notes(IS)

4,841 5,514 6,280 7,153

27.00 29.00 31.00 33.00
130,707.00 159,906.00 194,680.00 236,049.00

1,570 1,788 2,037 2,320

27.00 29.00 31.00 33.00
42,390.00 51,852.00 63,147.00 76,560.00

1,440 1,640 1,868 2,128

27.00 29.00 31.00 33.00
38,880.00 47,560.00 57,908.00 70,224.00

1,911,617.00 2,306,356.00 2,785,802.00 3,367,668.00

229,394.04 276,762.72 334,296.24 404,120.16
1,682,222.96 2,029,593.28 2,451,505.76 2,963,547.84

2026 2027 2028 2029

9,767.77 10,718.56 11,551.14 12,444.23

526,160.39 566,838.62 610,660.12 657,948.22
535,928.16 577,557.18 622,211.27 670,392.45
(10,718.56) (11,551.14) (12,444.23) (13,407.85)
525,209.60 566,006.04 609,767.04 656,984.60
182,210.70 187,771.40 193,916.40 199,234.70
380,899.50 427,346.12 480,098.92 540,037.56
1,088,319.80 1,181,123.55 1,283,782.36 1,396,256.86

2026 2027 2028 2029

144,612.00 148,956.00 153,420.00 158,028.00
12,051.00 12,413.00 12,785.00 13,169.00
13,800.00 14,370.00 14,940.00 14,940.00
2,400.00 2,400.00 2,400.00 2,400.00

Page 19
 Notes(IS)

3,615.30 3,723.90 3,835.50 3,950.70

176,478.30 181,862.90 187,380.50 192,487.70

2026 2027 2028 2029

- - - -
- - - -
- - - -
- - - -
12 12 12 12
- - - -
50.00% 50.00% 50.00% 50.00%
- - - -

2026 2027 2028 2029

- - - -
12 12 12 12
- - - -
50% 50% 50% 50%
- - - -

2026 2027 2028 2029

600,000.00 600,000.00 600,000.00 600,000.00
600,000.00 600,000.00 600,000.00 600,000.00
30,000.00 30,000.00 30,000.00 30,000.00
570,000.00 570,000.00 570,000.00 570,000.00
114,000.00 114,000.00 114,000.00 114,000.00

2026 2027 2028 2029

215,000.00 215,000.00 215,000.00 215,000.00
2,125.00 2,125.00 2,125.00 2,125.00
1,599.00 1,599.00 1,599.00 1,599.00
218,724.00 218,724.00 218,724.00 218,724.00

Page 20
 Notes(IS)

10,936.20 10,936.20 10,936.20 10,936.20

207,787.80 207,787.80 207,787.80 207,787.80
41,557.56 41,557.56 41,557.56 41,557.56

2026 2027 2028 2029

5,500.00 5,500.00 5,500.00 5,500.00
3,398.00 3,398.00 3,398.00 3,398.00
1,599.00 1,599.00 1,599.00 1,599.00
13,642.00 13,642.00 13,642.00 13,642.00
828.00 828.00 828.00 828.00
24,967.00 24,967.00 24,967.00 24,967.00
1,248.35 1,248.35 1,248.35 1,248.35
23,718.65 23,718.65 23,718.65 23,718.65
4,743.73 4,743.73 4,743.73 4,743.73

2026 2027 2028 2029

1,800.00 1,800.00 1,800.00 1,800.00
1,528.00 1,528.00 1,528.00 1,528.00
1,445.00 1,445.00 1,445.00 1,445.00
2,480.00 2,480.00 2,480.00 2,480.00
7,253.00 7,253.00 7,253.00 7,253.00
362.65 362.65 362.65 362.65
6,890.35 6,890.35 6,890.35 6,890.35
1,378.07 1,378.07 1,378.07 1,378.07

2026 2027 2028 2029

145.00 145.00 145.00 145.00
645.00 645.00 645.00 645.00
549.00 549.00 549.00 549.00
1,785.00 1,785.00 1,785.00 1,785.00
240.00 240.00 240.00 240.00
109.00 109.00 109.00 109.00

Page 21
 Notes(IS)

518.00 518.00 518.00 518.00

1,798.00 1,798.00 1,798.00 1,798.00
117.00 117.00 117.00 117.00
5,906.00 5,906.00 5,906.00 5,906.00
295.30 295.30 295.30 295.30
5,610.70 5,610.70 5,610.70 5,610.70
1,122.14 1,122.14 1,122.14 1,122.14

2026 2027 2028 2029

3,093.00 3,189.00 3,287.75 3,389.75
1,134.00 1,169.25 1,205.50 1,242.75
14,949.50 15,413.00 15,890.75 16,383.25
8,763.50 9,035.25 9,315.25 9,604.00
12,372.00 12,755.50 13,151.00 13,558.75
4,124.00 4,251.75 4,383.50 4,519.50
3,814.75 3,933.00 4,055.00 4,180.75
309.25 318.75 328.75 339.00
2,268.25 2,338.50 2,411.00 2,485.75
2,577.50 2,657.50 2,740.00 2,825.00
618.50 637.75 657.50 678.00
1,752.75 1,807.00 1,863.00 1,920.75
928.00 956.75 986.50 1,017.00
928.00 956.75 986.50 1,017.00
57,633.00 59,419.75 61,262.00 63,161.25

2026 2027 2028 2029

138,566.50 142,862.00 147,290.75 151,856.75
138,566.50 142,862.00 147,290.75 151,856.75

2026 2027 2028 2029

204.25 210.50 217.00 223.75
160.75 165.75 171.00 176.25

Page 22
 Notes(IS)

82.50 85.00 87.75 90.50

123.75 127.50 131.50 135.50
430.00 443.25 457.00 471.25
160.75 165.75 171.00 176.25
49.50 51.00 52.50 54.25
51.50 53.00 54.75 56.50
136.00 140.25 144.50 149.00
99.00 102.00 105.25 108.50
1,134.00 1,169.25 1,205.50 1,242.75
2,632.00 2,713.25 2,797.75 2,884.50

2026 2027 2028 2029

98.00 101.00 104.25 107.50
98.00 101.00 104.25 107.50

2026 2027 2028 2029

103.00 106.25 109.50 113.00
92.75 95.75 98.75 101.75
144.25 148.75 153.25 158.00
53.50 55.25 57.00 58.75
56.75 58.50 60.25 62.00
36.00 37.00 38.25 39.50
90.75 93.50 96.50 99.50
18.50 19.00 19.50 20.00
123.75 127.50 131.50 135.50
125.75 129.75 133.75 138.00
845.00 871.25 898.25 926.00

2026 2027 2028 2029

1,000.00 1,000.00 1,000.00 1,000.00
1,290.00 1,290.00 1,290.00 1,290.00
100.00 100.00 100.00 100.00

Page 23
 Notes(IS)

649.00 649.00 649.00 649.00

500.00 500.00 500.00 500.00
300.00 300.00 300.00 300.00

500.00 500.00 500.00 500.00

100.00 100.00 100.00 100.00
30.00 30.00 30.00 30.00
100.00 100.00 100.00 100.00

500.00 500.00 500.00 500.00

100.00 100.00 100.00 100.00
30.00 30.00 30.00 30.00
2,352.00 2,352.00 2,352.00 2,352.00
7,551.00 7,551.00 7,551.00 7,551.00

2026 2027 2028 2029

12,372.00 12,755.50 13,151.00 13,558.75
12,372.00 12,755.50 13,151.00 13,558.75

2026 2027 2028 2029

34,925.86 277,531.58 584,486.40 971,956.03
20.00% 20.00% 20.00% 20.00%
6,985.17 55,506.32 116,897.28 194,391.21

Page 24
Notes(IS)

Page 25
Notes(IS)

Page 26
 Notes(IS)

Schedule 1 - Direct Materials Purchases 2025

Number of Units Sold Annually - Longganisa Sisig Tacos 811
Multiply: Price Per Product 28.97
Subtotal 23,489.34

Number of Units Sold Annually - Pork Sisig Tacos 4,832

Multiply: Price Per Product 29.52
Subtotal 142,654.32

Number of Units Sold Annually - Chicken Sisig Tacos 1,881

Multiply: Price Per Product 26.19
Subtotal 49,265.83

Number of Units Sold Annually - Bangus Sisig Tacos 584

Multiply: Price Per Product 31.19
Subtotal 18,208.33

Number of Units Sold Annually - Sizzling Pork Sisig 5,441

Multiply: Price Per Product 37.01
Subtotal 201,376.48

Number of Units Sold Annually - Sizzling Chicken Sisig 1,536

Multiply: Price Per Product 30.45
Subtotal 46,780.98

Number of Units Sold Annually - Sizzling Bangus Sisig 1,024

Multiply: Price Per Product 39.45
Subtotal 40,405.24

Page 27
 Notes(IS)

Number of Units Sold Annually - Lemon Iced Tea 4,250

Multiply: Price Per Product 4.50
Subtotal 19,125.26

Number of Units Sold Annually - Calamansi Iced Tea 1,379

Multiply: Price Per Product 4.50
Subtotal 6,204.21

Number of Units Sold Annually - Cucumber Lemonade Iced Tea 1,264

Multiply: Price Per Product 4.50
Subtotal 5,689.16

VATable Purchases 546,994.94

Less: 12% Input Tax (Inclusive) 58,606.60
Direct Materials Purchases 488,388.34

Schedule 2 - Direct Labor 2025

Annual Salaries Expense 135,720.00
13th Month Pay 23,010.00
SSS and EC Premiums Expense - ER Share 13,230.00
PAGIBIG Premiums Expense - ER Share 2,400.00
Philhealth Premiums Expense - ER Share 3,393.00
Direct Labor 177,753.00

Schedule 3 - Total Overhead 2025

Utilities Expense allocated for Production
Monthly Electricity -
Monthly Water -
Monthly Internet -
Total Monthly Utilities -
Multiply: Number of Months in a Year 12
Total Annual Utilities -

Page 28
 Notes(IS)

Multiply: Allocated to Production 50.00%

Utilities Expense allocated for Production -

Rent Expense allocated for Production

Monthly Rent -
Multiply: Number of Months in a Year 12
Total Annual Rent -
Multiply by: Allocated to Production 50%
Rent Expense allocated for Production -

Indirect Materials
Ice 30,126.34
Water 4,417.93
Cups 33,870.83
Disposable Meal Box 37,052.61
LPG Gas 21,600.00
Disposable Fork and Spoon 14,498.85
Small Paper Bag 1,200.00
Big Paper Bag 2,400.00
Indirect Materials 145,166.57

Utilities Expense allocated for Production -

Rent Expense allocated for Production -
Indirect Materials 145,166.57
Gasoline Expense -
Total Overhead 145,166.57

Subtotal -

Page 29
Notes(IS)

Page 30
Notes(IS)

Page 31
Notes(IS)

Page 32
 Notes(IS)

2026 2027 2028 2029

847 885 925 967
29.87 30.79 31.75 32.73
25,298.26 27,252.67 29,367.45 31,652.62

5,050 5,277 5,514 5,762

30.44 31.38 32.35 33.35
153,697.36 165,584.92 178,385.32 192,187.12

1,966 2,054 2,146 2,243

27.00 27.84 28.70 29.59
53,085.72 57,181.20 61,594.40 66,374.22

610 637 666 696

32.16 33.15 34.18 35.24
19,615.70 21,118.94 22,764.89 24,527.84

5,686 5,942 6,209 6,488

38.16 39.34 40.56 41.82
216,962.46 233,759.39 251,835.38 271,309.24

1,605 1,677 1,752 1,831

31.39 32.37 33.37 34.41
50,387.29 54,279.73 58,465.19 62,995.61

1,070 1,118 1,168 1,221

40.67 41.93 43.23 44.57
43,520.06 46,882.00 50,497.03 54,424.86

Page 33
 Notes(IS)

4,441 4,641 4,850 5,068

4.64 4.78 4.93 5.08
20,604.02 22,199.41 23,918.30 25,768.18

1,441 1,506 1,574 1,645

4.64 4.78 4.93 5.08
6,685.52 7,203.69 7,762.35 8,363.98

1,321 1,380 1,442 1,507

4.64 4.78 4.93 5.08
6,128.78 6,600.99 7,111.38 7,662.32

589,299.64 634,859.25 683,939.34 736,902.01

63,139.25 68,020.63 73,279.21 78,953.79
526,160.39 566,838.62 610,660.12 657,948.22

2026 2027 2028 2029

139,788.00 143,976.00 148,296.00 152,748.00
23,298.00 23,996.00 25,143.00 25,898.00
13,230.00 13,800.00 14,370.00 14,370.00
2,400.00 2,400.00 2,400.00 2,400.00
3,494.70 3,599.40 3,707.40 3,818.70
182,210.70 187,771.40 193,916.40 199,234.70

2026 2027 2028 2029

- - - -
- - - -
- - - -
- - - -
12 12 12 12
- - - -

Page 34
 Notes(IS)

50.00% 50.00% 50.00% 50.00%

- - - -

- - - -
12 12 12 12
- - - -
50% 50% 50% 50%
- - - -

62,389.85 71,495.33 81,931.46 93,892.95

5,032.03 5,731.48 6,528.15 7,435.57
96,447.19 109,853.35 125,122.96 142,515.06
38,201.24 39,385.48 40,606.43 41,865.23
22,269.60 22,959.96 23,671.72 24,405.54
152,847.99 174,093.86 198,292.91 225,855.62 -
1,237.20 1,275.55 1,315.09 1,355.86
2,474.40 2,551.11 2,630.19 2,711.73
380,899.50 427,346.12 480,098.92 540,037.56

- - - -
- - - -
380,899.50 427,346.12 480,098.92 540,037.56
- - - -
380,899.50 427,346.12 480,098.92 540,037.56

- - - -

Page 35
Notes(IS)

Page 36
Notes(IS)

Page 37
Notes(IS)

Page 38
 Notes(IS)

Longganisa Sisig Tacos

Direct Material Cost per Unit Cost Units Made Price per Pack
Longganisa 9.72 1 9.72
Salt 0.14 1 0.14
Onion 0.56 1 0.56
Garlic - 1 -
Siling Haba 0.56 1 0.56
Soy Sauce 0.61 1 0.61
Tortillas Wraps 6.67 1 6.67
Lettuce 2.50 1 2.50
Tomatoes 1.39 1 1.39
Pepper 0.27 1 0.27
Magic Sarap 0.72 1 0.72
Oil - 1 -
Mayonnaise 3.47 1 3.47
Cucumber 1.53 1 1.53
Lemon 0.83 1 0.83
Total Cost 28.97

Pork Sisig Tacos

Direct Material Cost per Unit Cost Units Made Price per Pack
Pork 8.33 1 8.33
Onion 0.56 1 0.56
Garlic 0.69 1 0.69
Salt 0.14 1 0.14
Siling Haba 0.56 1 0.56
Soy Sauce 0.61 1 0.61
Tortillas Wraps 6.67 1 6.67
Lettuce 2.50 1 2.50
Tomatoes 1.39 1 1.39

Page 39
 Notes(IS)

Pepper 0.27 1 0.27

Magic Sarap 0.72 1 0.72
Oil 1.25 1 1.25
Mayonnaise 3.47 1 3.47
Cucumber 1.53 1 1.53
Lemon 0.83 1 0.83
Total Cost 29.52

Chicken Sisig Tacos

Direct Material Cost per Unit Cost Units Made Price per Pack
Chicken 5.00 1 5.00
Onion 0.56 1 0.56
Salt 0.14 1 0.14
Garlic 0.69 1 0.69
Siling Haba 0.56 1 0.56
Soy Sauce 0.61 1 0.61
Tortillas Wraps 6.67 1 6.67
Lettuce 2.50 1 2.50
Tomatoes 1.39 1 1.39
Pepper 0.27 1 0.27
Magic Sarap 0.72 1 0.72
Oil 1.25 1 1.25
Mayonnaise 3.47 1 3.47
Cucumber 1.53 1 1.53
Lemon 0.83 1 0.83
Total Cost 26.19

Bangus Sisig Tacos

Direct Material Cost per Unit Cost Units Made Price per Pack
Bangus 10.00 1 10.00
Onion 0.56 1 0.56
Salt 0.14 1 0.14

Page 40
 Notes(IS)

Garlic 0.69 1 0.69

Siling Haba 0.56 1 0.56
Soy Sauce 0.61 1 0.61
Tortillas Wraps 6.67 1 6.67
Lettuce 2.50 1 2.50
Tomatoes 1.39 1 1.39
Pepper 0.27 1 0.27
Magic Sarap 0.72 1 0.72
Oil 1.25 1 1.25
Mayonnaise 3.47 1 3.47
Cucumber 1.53 1 1.53
Lemon 0.83 1 0.83
Total Cost 31.19

Sizzling Pork Sisig

Direct Material Cost per Unit Cost Units Made Price per Pack
Pork 15.00 1 15.00
Onion 2.00 1 2.00
Salt 0.56 1 0.56
Garlic 1.50 1 1.50
Pepper 0.75 1 0.75
Siling Haba 1.00 1 1.00
Soy Sauce 1.10 1 1.10
Calamansi 0.08 1 0.08
Egg 8.00 1 8.00
Rice 0.10 1 0.10
Oil 0.17 1 0.17
Powdered Lemon Iced Tea 6.75 1 6.75
Total Cost 37.01

Sizzling Chicken Sisig

Direct Material Cost per Unit Cost Units Made Price per Pack

Page 41
 Notes(IS)

Chicken Breast 9.00 1 9.00

Onion 2.00 1 2.00
Salt 0.25 1 0.25
Garlic 1.50 1 1.50
Pepper 0.50 1 0.50
Siling Haba 1.00 1 1.00
Soy Sauce 1.10 1 1.10
Calamansi 0.08 1 0.08
Egg 8.00 1 8.00
Rice 0.10 1 0.10
Oil 0.17 1 0.17
Powdered Lemon Iced Tea 6.75 1 6.75
Total Cost 30.45

Sizzling Bangus Sisig

Direct Material Cost per Unit Cost Units Made Price per Pack
Bangus 18.00 1 18.00
Onion 2.00 1 2.00
Garlic 1.50 1 1.50
Pepper 0.50 1 0.50
Salt 0.25 1 0.25
Siling Haba 1.00 1 1.00
Soy Sauce 1.10 1 1.10
Calamansi 0.08 1 0.08
Egg 8.00 1 8.00
Rice 0.10 1 0.10
Oil 0.17 1 0.17
Powdered Lemon Iced Tea 6.75 1 6.75
Total Cost 39.45

Lemon Iced Tea

Direct Material Cost per Unit Cost Units Made Price per Pack

Page 42
 Notes(IS)

Powdered Lemon Iced Tea 4.50 1 4.50

Total Cost 4.50

Calamansi Iced Tea

Direct Material Cost per Unit Cost Units Made Price per Pack
Powdered Calamansi Iced Tea 4.50 1 4.50
Total Cost 4.50

Page 43
 Notes(IS)

Direct Material Cost per Unit

2025 2026 2027 2028 2029
28.97 29.87 30.79 31.75 32.73

Page 44
 Notes(IS)

Direct Material Cost per Unit

2025 2026 2027 2028 2029
29.52 30.44 31.38 32.35 33.35

Direct Material Cost per Unit

2025 2026 2027 2028 2029
26.19 27.00 27.84 28.70 29.59

Page 45
 Notes(IS)

Direct Material Cost per Unit

2025 2026 2027 2028 2029
31.19 32.16 33.15 34.18 35.24

Direct Material Cost per Unit

2025 2026 2027 2028 2029
37.01 38.16 39.34 40.56 41.82

Page 46
 Notes(IS)

Direct Material Cost per Unit

2025 2026 2027 2028 2029
30.45 31.39 32.37 33.37 34.41

Direct Material Cost per Unit

2025 2026 2027 2028 2029
39.45 40.67 41.93 43.23 44.57

Direct Material Cost per Unit

Page 47
 Notes(IS)

2025 2026 2027 2028 2029

4.50 4.64 4.78 4.93 5.08

Direct Material Cost per Unit

2025 2026 2027 2028 2029
4.50 4.64 4.78 4.93 5.08

Page 48
 MJ'S FOOD TRUCK
STATEMENT OF CASH FLOWS
For the Years Ended December 31, 2025 - 2029

For the Year Ended: Pre-operating Year 1 Year 2 Year 3

Operating activities

Profit or (Loss) Before Tax 30,284.45 34,925.86 277,531.58

Add back:
Depreciation and Amortization 162,801.50 162,801.50 162,801.50
Interest expense
Change in Current Assets/Current
Liabilities
Accounts receivable
Inventories (9,767.77) (950.80) (832.58)
Prepaid rent - -
Utilities Payable - - -
Premiums Payable 5,190.50 (95.50) 215.55
Withholding Tax Payable
VAT Payable 32,708.64 8,855.06 10,621.82
Income tax payable
Less:
Other Income
Operating cash inflow(outflow) - 221,217.32 205,536.13 450,337.87
Interest paid
Taxes Paid 4,542.67 6,753.10 43,376.03
Net cash from/(used in)
- 216,674.65 198,783.03 406,961.84
operating activities
Investing activities

Payment for capital expenditures 856,850.00 - - -

Net cash from/(used in)
(856,850.00) - - -
investing activities
Financing activities

Proceeds from loan

Repayment of loan
Capital Contribution 1,200,000.00
Withdrawals (120,000.00) (120,000.00) (120,000.00)
Net cash from/(used in)
1,200,000.00 (120,000.00) (120,000.00) (120,000.00)
financing activities
Net Cash flow During the Year 343,150.00 96,674.65 78,783.03 286,961.84
Beginning cash balance - 343,150.00 439,824.65 518,607.68
Ending cash balance 343,150.00 439,824.65 518,607.68 805,569.52
checking 343,150.00 439,824.65 518,607.68 805,569.52
- - - -
Year 4 Year 5

584,486.40 971,956.03

162,801.50 162,801.50

(893.08) (963.62)

- -
137.35 19,651.35

13,068.73 16,037.34

759,600.91 1,169,482.59

101,549.54 175,017.72
658,051.37 994,464.87
 - -
- -

(120,000.00) (120,000.00)
(120,000.00) (120,000.00)

538,051.37 874,464.87
805,569.52 1,343,620.88
1,343,620.88 2,218,085.75
1,343,620.88 2,218,085.75
- -
 MJ'S FOOD TRUCK
Statement Of Financial Position / Balance Sheet
December 31, 2025 - 2029

Notes Pre-Operating 2025

ASSETS
Current Assets:
Cash 17 343,150.00 439,824.65
Raw Materials Inventory 2 - 9,767.77
Total Current Assets 343,150.00 449,592.42
Noncurrent Assets:
Transportation Equipment (Net) 18 600,000.00 486,000.00
Machineries, Fixtures, and Equipment (Net) 19
218,724.00 177,166.44
Manufacturing Fixtures, and Equipment (Net) 20 24,967.00 20,223.27
Furniture and Fixtures (Net) 21 7,253.00 5,874.93
Utensils (Net) 22 5,906.00 4,783.86
Total Non-current Assets 856,850.00 694,048.50
Total Assets 1,200,000.00 1,143,640.92

LIABILITIES AND EQUITY

Liabilities
Current Liabilities:
SSS and EC Premiums Payable 23 - 3,240.00
Philhealth Premiums Payable 24 - 1,150.50
PAG-IBIG Premiums Payable 25 - 800.00
Income Tax Payable 26 - 1,514.22
VAT Payable 27 - 32,708.64
Total Liabilities - 39,413.36
Owner's Equity
Bal-ot, Capital 150,000.00 138,028.44
Cacayorin, Capital 150,000.00 138,028.44
Dimalanta, Capital 150,000.00 138,028.44
Grande, Capital 150,000.00 138,028.44
Mondejar, Capital 150,000.00 138,028.44
Perez, Capital 150,000.00 138,028.44
Ridual, Capital 150,000.00 138,028.44
Valdez, Capital 150,000.00 138,028.44
Total Owner's Equity 1,200,000.00 1,104,227.56

Total Liabilities and Equity 1,200,000.00 1,143,640.92

D TRUCK
osition / Balance Sheet
2025 - 2029

2026 2027 2028 2029

TS

518,607.68 805,569.52 1,343,620.88 2,218,085.75

10,718.56 11,551.14 12,444.23 13,407.85
529,326.24 817,120.66 1,356,065.11 2,231,493.60

372,000.00 258,000.00 144,000.00 30,000.00

135,608.88 94,051.32 52,493.76 10,936.20

15,479.54 10,735.81 5,992.08 1,248.35
4,496.86 3,118.79 1,740.72 362.65
3,661.72 2,539.58 1,417.44 295.30
531,247.00 368,445.50 205,644.00 42,842.50
1,060,573.24 1,185,566.16 1,561,709.11 2274336.10

AND EQUITY

3,310.00 3,490.00 3,584.00 18,005.00

1,185.00 1,220.55 1,257.90 6,482.25
600.00 600.00 606.00 612.00
1,746.29 13,876.58 29,224.32 48,597.80
41,563.70 52,185.52 65,254.26 81,291.59
48,404.99 71,372.65 99,926.48 154,988.64

126,521.03 139,274.19 182,722.83 264,918.43

126,521.03 139,274.19 182,722.83 264,918.43
126,521.03 139,274.19 182,722.83 264,918.43
126,521.03 139,274.19 182,722.83 264,918.43
126,521.03 139,274.19 182,722.83 264,918.43
126,521.03 139,274.19 182,722.83 264,918.43
126,521.03 139,274.19 182,722.83 264,918.43
126,521.03 139,274.19 182,722.83 264,918.43
1,012,168.25 1,114,193.51 1,461,782.63 2,119,347.46

1,060,573.24 1,185,566.16 1,561,709.11 2,274,336.10

1,143,640.92
 Notes(BS)

Notes to Balance Sheet

2025
Note 17 - Cash
Cash in Bank 389,824.65
Petty Cash 50,000.00
Cash 439,824.65

Pre - Operating
Note 18 - Prepaid Rent
Rent -

Prepaid Rent -

2025
Note 18 - Transportation Equipment (Net)
Truck 600,000.00
TOTAL PRICE 600,000.00
Less: Accumulated Depreciation -
Less: Current Year's Depreciation 114,000.00
Transportation Equipment (Net) 486,000.00

2025
Note 19 - Machineries, Fixtures, and Equipment (Net)
Solar Panel 215,000.00
POS System 2,125.00
CCTV 1,599.00
TOTAL PRICE 218,724.00
Less: Accumulated Depreciation -
Less: Current Year's Depreciation 41,557.56
Machineries, Fixtures, and Equipment (Net) 177,166.44

Page 56
 Notes(BS)

Note 20 - Manufacturing Fixtures, and Equipment (Net) 2025

Griddle 5,500.00
Gas Tank 3,398.00
Food Display 1,599.00
Freezer 13,642.00
Gas Stove 828.00
TOTAL PRICE 24,967.00
Less: Accumulated Depreciation -
Less: Current Year's Depreciation 4,743.73
Manufacturing Fixtures, and Equipment (Net) 20,223.27

Note 21 - Furniture and Fixtures (Net) 2025

Umbrella Sun Shade 1,800.00
Stand Fan 1,528.00
Portable Folding Table 1,445.00
Portable Folding Chairs 2,480.00
TOTAL PRICE 7,253.00
Less: Accumulated Depreciation -
Less: Current Year's Depreciation 1,378.07
Furniture and Fixtures (Net) 5,874.93

Note 24 - Utensils (Net) 2025

Small Food Container 145.00
Large Food Container 645.00
Condiment Container 549.00
Sizzling Plate with Wooden Base 1,785.00
Griddle Spatula 240.00
Kitchen Knife Set 109.00
Non-stick Frying Pan 518.00
Pot 1,798.00
Kitchenware Utensil Set 117.00
TOTAL PRICE 5,906.00
Less: Accumulated Depreciation -

Page 57
 Notes(BS)

Less: Current Year's Depreciation 1,122.14

Utensils (Net) 4,783.86

Note 23 - Utilities Payable 2025

Freezer -
Gas Stove -
TOTAL PRICE -
Utilities Payable -

2025
Note 23 - SSS and EC Premiums Payable
SSS Employee's Share (Payroll) 1,035.00
SSS Employer's Share (Payroll) 2,185.00
EC Employer's Share (Payroll) 20.00
SSS and EC Premiums Payable 3,240.00

2025
Note 24 - Philhealth Premiums Payable
Employee's Share (Payroll) 575.25
Employer's Share (Payroll) 575.25
Philhealth Premiums Payable 1,150.50

2025
Note 25 - PAGIBIG Premiums Payable
Employee's Share (Payroll) 400.00
Employer's Share (Payroll) 400.00
PAGIBIG Premiums Payable 800.00

Note 26 - Corporate Tax Payable 2025

Income Tax of the Current Year 6,056.89

Page 58
 Notes(BS)

Income Tax of the Previous Year -

Less: Portion Paid (4,542.67)
Corporate Tax Payable 1,514.22

Note 27 - VAT Payable 2025

Output Tax from Sales 189,441.15

Less: Input Tax from Purchases 58,606.60
Tax due for the Year 130,834.55

Tax due for the Year 130,834.55

Add: Payable from Previous Period -
Less: Portion Paid (9 of 12 months of current
(98,125.91)
year plus previous year balance)
VAT Payable 32,708.64

Page 59
 Notes(BS)

2026 2027 2028 2029

468,607.68 755,569.52 1,293,620.88 2,168,085.75

50,000.00 50,000.00 50,000.00 50,000.00
518,607.68 805,569.52 1,343,620.88 2,218,085.75

2025-2029

2026 2027 2028 2029

600,000.00 600,000.00 600,000.00 600,000.00

600,000.00 600,000.00 600,000.00 600,000.00
114,000.00 228,000.00 342,000.00 456,000.00
114,000.00 114,000.00 114,000.00 114,000.00
372,000.00 258,000.00 144,000.00 30,000.00

2026 2027 2028 2029

215,000.00 215,000.00 215,000.00 215,000.00

2,125.00 2,125.00 2,125.00 2,125.00
1,599.00 1,599.00 1,599.00 1,599.00
218,724.00 218,724.00 218,724.00 218,724.00
41,557.56 83,115.12 124,672.68 166,230.24
41,557.56 41,557.56 41,557.56 41,557.56
135,608.88 94,051.32 52,493.76 10,936.20

Page 60
 Notes(BS)

2026 2027 2028 2029

5,500.00 5,500.00 5,500.00 5,500.00
3,398.00 3,398.00 3,398.00 3,398.00
1,599.00 1,599.00 1,599.00 1,599.00
13,642.00 13,642.00 13,642.00 13,642.00
828.00 828.00 828.00 828.00
24,967.00 24,967.00 24,967.00 24,967.00
4,743.73 9,487.46 14,231.19 18,974.92
4,743.73 4,743.73 4,743.73 4,743.73
15,479.54 10,735.81 5,992.08 1,248.35

2026 2027 2028 2029

1,800.00 1,800.00 1,800.00 1,800.00
1,528.00 1,528.00 1,528.00 1,528.00
1,445.00 1,445.00 1,445.00 1,445.00
2,480.00 2,480.00 2,480.00 2,480.00
7,253.00 7,253.00 7,253.00 7,253.00
1,378.07 2,756.14 4,134.21 5,512.28
1,378.07 1,378.07 1,378.07 1,378.07
4,496.86 3,118.79 1,740.72 362.65

2026 2027 2028 2029

145.00 145.00 145.00 145.00
645.00 645.00 645.00 645.00
549.00 549.00 549.00 549.00
1,785.00 1,785.00 1,785.00 1,785.00
240.00 240.00 240.00 240.00
109.00 109.00 109.00 109.00
518.00 518.00 518.00 518.00
1,798.00 1,798.00 1,798.00 1,798.00
117.00 117.00 117.00 117.00
5,906.00 5,906.00 5,906.00 5,906.00
1,122.14 2,244.28 3,366.42 4,488.56

Page 61
 Notes(BS)

1,122.14 1,122.14 1,122.14 1,122.14

3,661.72 2,539.58 1,417.44 295.30

2026 2027 2028 2029

- - - -
- - - -
- - - -
- - - -

2026 2027 2028 2029

1,057.50 1,102.50 1,141.50 1,158.50

2,232.50 2,327.50 2,422.50 2,422.50
20.00 60.00 20.00 20.00
3,310.00 3,490.00 3,584.00 18,005.00

2026 2027 2028 2029

592.50 610.28 628.95 648.23

592.50 610.28 628.95 648.23
1,185.00 1,220.55 1,257.90 6,482.25

2026 2027 2028 2029

300.00 300.00 303.00 306.00

300.00 300.00 303.00 306.00
600.00 600.00 606.00 612.00

2026 2027 2028 2029

6,985.17 55,506.32 116,897.28 194,391.21

Page 62
 Notes(BS)

1,514.22 1,746.29 13,876.58 29,224.32

(6,753.10) (43,376.03) (101,549.54) (175,017.72)
1,746.29 13,876.58 29,224.32 48,597.80

2026 2027 2028 2029

229,394.04 276,762.72 334,296.24 404,120.16

63,139.25 68,020.63 73,279.21 78,953.79
166,254.79 208,742.09 261,017.03 325,166.37

166,254.79 208,742.09 261,017.03 325,166.37

32,708.64 41,563.70 52,185.52 65,254.26

(157,399.73) (198,120.26) (247,948.29) (309,129.04)

41,563.70 52,185.52 65,254.26 81,291.59

Page 63
 MJ'S FOOD TR
Statement of Changes in
For the Years Ended Dec

2025 Bal-ot, Capital Cacayorin, Capital Dimalanta, Capital

Beginning Capital Balance - - -
Investments 150,000.00 150,000.00 150,000.00
Salary 22,500.00 22,500.00 22,500.00
Share on Net Income (19,471.56) (19,471.56) (19,471.56)
Withdrawals 15,000.00 15,000.00 15,000.00
Ending Capital Balances 138,028.44 138,028.44 138,028.44

2026 Bal-ot, Capital Cacayorin, Capital Dimalanta, Capital

Beginning Capital Balance 138,028.44 138,028.44 138,028.44
Investments - - -
Salary 20,704.27 20,704.27 20,704.27
Share on Net Income (17,211.68) (17,211.68) (17,211.68)
Withdrawals 15,000.00 15,000.00 15,000.00
Ending Capital Balances 126,521.03 126,521.03 126,521.03

2027 Bal-ot, Capital Cacayorin, Capital Dimalanta, Capital

Beginning Capital Balance 126,521.03 126,521.03 126,521.03
Investments - - -
Salary 18,978.15 18,978.15 18,978.15
Share on Net Income 8,775.00 8,775.00 8,775.00
Withdrawals 15,000.00 15,000.00 15,000.00
Ending Capital Balances 139,274.19 139,274.19 139,274.19

2028 Bal-ot, Capital Cacayorin, Capital Dimalanta, Capital

Beginning Capital Balance 139,274.19 139,274.19 139,274.19
Investments - - -
Salary 20,891.13 20,891.13 20,891.13
Share on Net Income 37,557.51 37,557.51 37,557.51
Withdrawals 15,000.00 15,000.00 15,000.00
Ending Capital Balances 182,722.83 182,722.83 182,722.83

2029 Bal-ot, Capital Calvan, Capital Calino, Capital

Beginning Capital Balance 182,722.83 182,722.83 182,722.83
Investments - - -
Salary 27,408.42 27,408.42 27,408.42
Share on Net Income 69,787.18 69,787.18 69,787.18
Withdrawals 15,000.00 15,000.00 15,000.00
Ending Capital Balances 264,918.43 264,918.43 264,918.43
 MJ'S FOOD TRUCK
Statement of Changes in Partner's Equity
For the Years Ended December 2025-2029

Grande, Capital Mondejar, Capital Perez, Capital Ridual, Capital

- - - -
150,000.00 150,000.00 150,000.00 150,000.00
22,500.00 22,500.00 22,500.00 22,500.00
(19,471.56) (19,471.56) (19,471.56) (19,471.56)
15,000.00 15,000.00 15,000.00 15,000.00
138,028.44 138,028.44 138,028.44 138,028.44

Grande, Capital Mondejar, Capital Perez, Capital Ridual, Capital

138,028.44 138,028.44 138,028.44 138,028.44
- - - -
20,704.27 20,704.27 20,704.27 20,704.27
(17,211.68) (17,211.68) (17,211.68) (17,211.68)
15,000.00 15,000.00 15,000.00 15,000.00
126,521.03 126,521.03 126,521.03 126,521.03

Grande, Capital Mondejar, Capital Perez, Capital Ridual, Capital

126,521.03 126,521.03 126,521.03 126,521.03
- - - -
18,978.15 18,978.15 18,978.15 18,978.15
8,775.00 8,775.00 8,775.00 8,775.00
15,000.00 15,000.00 15,000.00 15,000.00
139,274.19 139,274.19 139,274.19 139,274.19

Grande, Capital Mondejar, Capital Perez, Capital Ridual, Capital

139,274.19 139,274.19 139,274.19 139,274.19
- - - -
20,891.13 20,891.13 20,891.13 20,891.13
37,557.51 37,557.51 37,557.51 37,557.51
15,000.00 15,000.00 15,000.00 15,000.00
182,722.83 182,722.83 182,722.83 182,722.83

Corpuz, Capital Ducusin, Capital Laurado, Capital Ligon, Capital

182,722.83 182,722.83 182,722.83 182,722.83
- - - -
27,408.42 27,408.42 27,408.42 27,408.42
69,787.18 69,787.18 69,787.18 69,787.18
15,000.00 15,000.00 15,000.00 15,000.00
264,918.43 264,918.43 264,918.43 264,918.43
 Net Income

Valdez, Capital Total

- 24,227.56
150,000.00 1,200,000.00
22,500.00 180,000.00
(19,471.56) (155,772.44)
15,000.00 120,000.00
138,028.44 1,104,227.56

Valdez, Capital Total

138,028.44 1,104,227.56 27,940.69
-
20,704.27 165,634.13
(17,211.68) (137,693.44)
15,000.00 120,000.00
126,521.03 1,012,168.25

Valdez, Capital Total 222,025.26

126,521.03 1,012,168.25
-
18,978.15 151,825.24
8,775.00 70,200.02
15,000.00 120,000.00
139,274.19 1,114,193.51

Valdez, Capital Total

139,274.19 1,114,193.51 467,589.12
-
20,891.13 167,129.03
37,557.51 300,460.10
15,000.00 120,000.00
182,722.83 1,461,782.63

Ligon, Capital Total

182,722.83 1,461,782.63 777,564.82
-
27,408.42 219,267.39
69,787.18 558,297.43
15,000.00 120,000.00
264,918.43 2,119,347.46
 Payback Period
Expected Cash Flow
Year Running Balance
from Operations

0 (1,200,000.00) (1,200,000.00)
1 216,674.65 (983,325.35)
2 198,783.03 (784,542.32)
3 406,961.84 (377,580.48)
4 658,051.37 280,470.88
5 994,464.87 1,274,935.75
3 year(s)
Payback 6 month(s)
Period is 27 day(s)

Net Present Value

Present Value
Year Expected Cash Flow Present Value
Factor (10%)
Year 1 216,674.65 0.9091 196,976.95
Year 2 198,783.03 0.8264 164,283.49
Year 3 406,961.84 0.7513 305,756.45
Year 4 658,051.37 0.6830 449,457.94
Year 5 994,464.87 0.6209 617,484.44
TOTAL PRESENT VALUE 1,733,959.28
LESS: INVESTMENT (1,200,000.00)
NET PRESENT VALUE 533,959.28

Profitability Index
Present Value
Year Expected Cash Flow Present Value
Factor (10%)
Year 1 216,674.65 0.9091 196,976.95
Year 2 198,783.03 0.8264 164,283.49
Year 3 406,961.84 0.7513 305,756.45
Year 4 658,051.37 0.6830 449,457.94
Year 5 994,464.87 0.6209 617,484.44
TOTAL PRESENT VALUE 1,733,959.28
DIVIDED BY: INVESTMENT 1,200,000.00
PROFITABILITY INDEX 1.44
 Internal Rate of Return
Year Expected Cash Flow
Year 0 (1,200,000.00)
Year 1 216,674.65
Year 2 198,783.03
Year 3 406,961.84
Year 4 658,051.37
Year 5 994,464.87

Internal Rate
of Return 22.01%

Measurement Value

Payback Period 3 year(s) and 6 month(s)

Net Present Value ₱533,959.28

Profitability Index 1.44

Internal Rate of Return 22.01%

 CVP/Breakeven Analysis
Year 2025 2026 2027 2028 2029
Fixed Costs
Total Selling & Administrative Expenses 557,410.50 558,977.30 570,938.15 583,237.00 595,334.95

Variable Cost
Direct Material Cost Per Unit 23.78 22.49 21.27 20.12 19.04
Direct Labor Cost Per Unit 7.73 6.95 6.29 5.71 5.15
Overhead Cost Per Unit 6.31 14.54 14.32 14.13 13.95
Total Variable Cost Per Unit 37.82 43.98 41.89 39.95 38.13

Average Selling Price per Unit 60.39 64.20 68.01 72.13 76.55
Less: Total Variable Cost Per Unit 37.82 43.98 41.89 39.95 38.13
Gross Margin Per Unit 22.58 20.22 26.13 32.17 38.42

Total Selling & Administrative Expenses 557,410.50 558,977.30 570,938.15 583,237.00 595,334.95
Divided by: Gross Margin Per Unit 22.58 20.22 26.13 32.17 38.42
Break Even In Units 24,690 27,643 21,854 18,127 15,495

Break Even In Units 24,690 27,643 21,854 18,127 15,495

Multiply: Average Selling Price 60.39 64.20 68.01 72.13 76.55
Break Even In Pesos 1,491,129.48 1,774,822.88 1,486,336.18 1,307,491.58 1,186,187.28
 20% Sales 20% COGS 20% FE 20% Sales 20% COGS

Fixed Costs
Total Selling & Administrative Expenses 557,410.50 558,977.30 670,772.76 557,410.50 557,410.50

Variable Cost
Direct Material Cost Per Unit 23.78 28.54 23.78 23.78 19.02
Average Direct Labor Cost Per Unit 7.73 9.27 7.73 7.73 6.18
Average Overhead Cost Per Unit 6.31 7.57 6.31 6.31 5.05
Total Variable Cost Per Unit 37.82 45.38 37.82 37.82 30.25

Average Selling Price per Unit 72.47 60.39 60.39 48.32 60.39
Less: Total Variable Cost Per Unit 37.82 45.38 37.82 37.82 30.25
Gross Margin Per Unit 34.66 15.01 22.58 10.50 30.14

Total Selling & Administrative Expenses 557,410.50 558,977.30 670,772.76 557,410.50 557,410.50
Divided by: Gross Margin Per Unit 34.66 15.01 22.58 10.50 30.14
Break Even In Units 16,084 37,233 29,711 53,099 18,494

Break Even In Units 16,084 37,233 29,711 53,099 18,494

Multiply: Average Selling Price 72.47 60.39 60.39 48.32 60.39
Break Even In Pesos 1,165,688.46 2,248,671.18 1,794,385.00 2,565,495.69 1,116,933.99
Schedule 1: Direct Materials Cost Per Unit 2025 2026 2027 2028
Total Purchases inclusive of VAT 546,994.94 589,299.64 634,859.25 683,939.34
Divided by: Total Number of Units Produced 23,003 26,201 29,841 33,988
Direct Materials Cost Per Unit 23.78 22.49 21.27 20.12

Schedule 2: Direct Labor Cost Per Unit 2025 2026 2027 2028
Total Direct Labor Cost 177,753.00 182,210.70 187,771.40 193,916.40
Divided by: Total Number of Units Produced 23,003 26,201 29,841 33,988
Direct Labor Cost Per Unit 7.73 6.95 6.29 5.71

Schedule 3: Overhead Over Units Produced 2025 2026 2027 2028

Total Overhead Cost 145,166.57 380,899.50 427,346.12 480,098.92
Divided by: Total Number of Units Produced 23,003 26,201 29,841 33,988
Overhead Over Units Produced 6.31 14.54 14.32 14.13

Schedule 4: Average Selling Price 2025 2026 2027 2028

Total Sales inclusive of VAT 1,389,235.09 1,682,222.96 2,029,593.28 2,451,505.76
Divided by: Total Number of Units Sold 23,003 26,201 29,841 33,988
Average Selling Price 60.39 64.20 68.01 72.13
20% FE

###

###
###
###
###

###
###
###

###
###
###

###
###
###
 2029
736,902.01
38,712
19.04

2029
199,234.70
38,712
5.15

2029
540,037.56
38,712
13.95

2029
2,963,547.84
38,712
76.55
 FINANCIAL RATIOS
Formula 2025 2026 2027

LIQUIDITY RATIOS
Current Assets 449,592.42 529,326.24 817,120.66
Current Liabilities 39,413.36 48,404.99 71,372.65
Current Ratio 11.41 10.94 11.45

Cash + Short Term Investments +

439,824.65 518,607.68 805,569.52
Net Receivables
Current Liabilities 39,413.36 48,404.99 71,372.65
Acid Test Ratio 11.16 10.71 11.29

Liquidity Ratio tells the company's ability to pay it's short term obligations.
The figures showed that it can pay it's current liabilities almost above twice in the first year and increasi

LEVERAGE RATIOS
Formula 2025 2026 2027
Total Liabilities 39,413.36 48,404.99 71,372.65
Total Equity 1,104,227.56 1,012,168.25 1,114,193.51
Debt-to-Equity Ratio 0.04 0.05 0.06

Total Liabilities 39,413.36 48,404.99 71,372.65

Total Assets 1,143,640.92 1,060,573.24 1,185,566.16
Debt Ratio 0.03 0.05 0.06

Total Equity 1,104,227.56 1,012,168.25 1,114,193.51

Total Assets 1,143,640.92 1,060,573.24 1,185,566.16
Equity Ratio 0.97 0.95 0.94

Equity to debt tells how much of company's assets are financed by debt and equity.
The figures above showed that the company assets are mostly financed by owners rather than debtors.

EFFICIENCY RATIOS
Formula 2025 2026 2027
Net Sales 1,389,235.09 1,682,222.96 2,029,593.28
Average Total Assets 1,143,640.92 1,102,107.08 1,123,069.70
Total Assets Turnover Ratio 1.21 1.53 1.81

Efficiency ratios measure a company's ability to use its assets to generate income

PROFITABILITY RATIOS
Formula 2025 2026 2027
Gross Income 587,694.95 593,903.16 848,469.73
Net Sales 1,389,235.09 1,682,222.96 2,029,593.28
 Gross Profit Ratio 0.42 0.35 0.42

Net Income After Tax 24,227.56 27,940.69 222,025.26

Net Sales 1,389,235.09 1,682,222.96 2,029,593.28
Net Profit Ratio 0.02 0.02 0.11

Net Income After Tax 24,227.56 27,940.69 222,025.26

Average Total Assets 1,143,640.92 1,102,107.08 1,123,069.70
Return on Assets Ratio 0.02 0.03 0.20

Net Income After Tax 24,227.56 27,940.69 222,025.26

Average Total Equity 1,104,227.56 1,012,168.25 1,114,193.51
Return on Equity 0.02 0.03 0.20

Operating Income 30,284.45 34,925.86 277,531.58

Net Sales 1,389,235.09 1,682,222.96 2,029,593.28
Return on Sales 0.02 0.02 0.14

Net Income After Tax 24,227.56 27,940.69 222,025.26

Initial Investment 1,200,000.00 1,200,000.00 1,200,000.00
Return on Investment 2% 2% 19%
Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate ea
to its associated expenses.
 2028 2029

1,356,065.11 2,231,493.60
99,926.48 154,988.64
13.57 14.40

1,343,620.88 2,218,085.75
99,926.48 154,988.64
13.45 14.31

in the first year and increasing thereafter.

2028 2029
99,926.48 154,988.64
1,461,782.63 2,119,347.46
0.07 0.07

99,926.48 154,988.64
1,561,709.11 2,274,336.10
0.06 0.07

1,461,782.63 2,119,347.46
1,561,709.11 2,274,336.10
0.94 0.93

ners rather than debtors.

2028 2029
2,451,505.76 2,963,547.84
1,373,637.63 1,918,022.61
1.78 1.55

2028 2029
1,167,723.40 1,567,290.98
2,451,505.76 2,963,547.84
 0.48 0.53

467,589.12 777,564.82
2,451,505.76 2,963,547.84
0.19 0.26

467,589.12 777,564.82
1,373,637.63 1,918,022.61
0.34 0.41

467,589.12 777,564.82
1,461,782.63 2,119,347.46
0.32 0.37

584,486.40 971,956.03
2,451,505.76 2,963,547.84
0.24 0.33

467,589.12 777,564.82
1,200,000.00 1,200,000.00
39% 65%
usiness's ability to generate earnings relative