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Vision
To lead with integrity in the community globally and be the most trusted and dependable travel
partner that will provide only the very best service for customers
who can depend on to find and discover the best tour and travel deals at the lowest possible
prices.
Mission
We believe in partnership. God first, our employees and the company.
Our mission is to create opportunities to bring change in the business of the tour and travel
industry through the practice of integrity, honesty and generosity
by providing only the very best products and customer service that will best meet the needs of an
ever changing market, both locally and internationally.
LOCAL BRANCHES
GRAND HOPE SM Main Branch; Lower Ground Level, SM City, Juan Luna Avenue
Extension, Cebu City, Philippines 6000; Contacts: (032) 233-8263, (032) 233-8530 ,
(032) 234-0764 or email at grandhopesm@gmail.com
GRAND HOPE Ayala Branch; Level 4, Ayala Center Cebu, Archbishop Reyes Avenue,
Cebu Business Park, Cebu City, Philippines 6000; Contacts: (032) 268-9009, (032) 2689008 or email at grandhope_ayala@yahoo.com
GRAND HOPE Fuente Branch; G/F Dona Luisa Building, Osmena Boulevard, Cebu
City, Philippines 6000; Contacts: (032) 255-4089, (032) 255-4091, (032) 253-5195or
email at grandhope_travel@yahoo.com
GRAND HOPE Bohol Branch; 2nd Floor Galleria Luisa Building, C. Gallares Street,
Tagbilaran City, Bohol Philippines 6300; Contacts: (038) 501-8588 or email at
grandhopebohol@gmail.com
ACCREDITATIONS
Institutions that trusted Grand Hope Travel, INC. thru the years
IATA (International Air Transport Association), CTTA (Cebu Tours and Travel Association),
CATO (Confederation of Accredited Tour Operators), PTTA (Philippine Travel Agencies
Association), Cebu City Tourism Commission, DFA (Department of Foreign Affairs), DOT
(Department of Tourism), PIATA (Philippine IATA Agency Travel Associations)
TRAVEL PACKAGES
International Tours
Local Tours
BROCHURES
10
2011
ASSETS
Current Assets
Cash and Cash Equivalents
3,621,687.76
3,743,997.01
141,997.51
144,827.64
3,763,685.27
3,888,824.65
1,184,908.70
779,222.32
1,184,908.70
779,222.32
4,948,593.97
4,668,046.97
26,706.60
23,855.00
Noncurrent Assets
TOTAL ASSETS
154,354.20
138,076.70
Capital Stock
3,250,000.00
3,250,000.00
Retained Earnings
1,544,239.77
1,279,970.27
4,794,239.77
4,529,970.27
Stockholders' Equity
4,948,593.97
4,668,046.97
2011
INCOME FROM:
PASSAGE INCOME
6,134,814.75
5,849,745.33
4,079,651.81
3,890,080.64
GROSS PROFIT
2,055,162.94
1,959,664.69
1,677,645.09
1,627,252.46
NET INCOME
377,517.85
332,412.23
113,258.36
99,723.67
12
264,259.49
232,688.56
VERTICAL ANALYSIS
The percentage figures of year 2011 and 2012 presents the relationship of the different
items in the financial statements. This presents the relative size of an account in the portion to the
whole. The outcome of the percentage is presented in the common size statement.
ASSETS
Current Assets
Cash and Cash Equivalent
Prepayments and other assets
Total Current Assets
Non-Current Assets
Property and Equipment
Total Noncurrent Assets
TOTAL ASSETS
2015
2011
3,621,687.76
3,743,997.0
1
144,827.64
3,888,824.6
5
141,997.51
3,763,685.27
COMMON SIZE
PERCENTAGES
2012
2011
73.1862
80.20478
2.869452
76.05565
3.102532
83.30732
1,184,908.70
1,184,908.70
779,222.32
779,222.32
23.94435
23.94435
16.69268
23.94435
4,948,593.97
4,668,046.97
100
100
26,706.60
127,647.60
23,855.00
114,221.70
0.539681
2.579472
0.511027
2.446884
154,354.20
138,076.70
3.119153
2.957912
3,250,000.00
1,544,239.77
4,794,239.77
4,948,593.97
3,250,000.00
1,279,970.27
4,529,970.27
4,668,046.97
65.67522
31.20563
96.88085
69.62226
27.41982
97.04209
100
100
LIABILITIES AND
SHAREHOLDERS EQUITY
Current Liabilities
Accrued expense payable
Accounts/ Notes payable and other
expenses payable
Total Liabilities
Shareholders Equity
Capital Stock
Retained Earnings
Total Stockholders Equity
TOTAL LIABILITIES AND
STOCKHOLDERS EQUITY
13
14
Passage Income
Less: Direct Service Cost
Gross Profit
Less: Operating Expenses
Net Income
Less: Provision for Taxes
Net Income to Retained Earnings
2012
2011
6,134,814.75
4,079,652
2,055,162.94
1,677,645.09
377,517.85
5,849,745.33
3,890,080.64
1,959,664.69
1,627,252.46
332,412.23
99,723.67
232,688.56
113,258.36
264,259.49
15
COMMON SIZE
PERCENTAGES
2012
2011
1001
66.5
33.5
27.3463
6.153696
1.846158
4.307538
100
66.5
33.5
27.81749
5.682508
1.704752
3.977755
HORIZONTAL ANALYSIS
The percentage figures of year 2011 and 2012 facilitate the comparison of the companys
financial position and results of operation. The result to a change is presented either a growth or
a reduction.
GRAND HOPE TRAVEL, INC.
Comparative Statements of Financial Position
December 31, 2012
ASSETS
Current Assets
Cash and Cash Equivalent
Prepayments and other assets
Total Current Assets
Non-Current Assets
Property and Equipment
Total Noncurrent Assets
TOTAL ASSETS
Increase (decrease)
AMOUNT PERCEN
T
2012
2011
3,621,687.76
3,743,997.0
1
144,827.64
-122,309.25
-3.26681
-2,830.13
-1.95414
3,763,685.27
3,888,824.6
5
-125,139.38
-3.21792
1,184,908.70
1,184,908.70
779,222.32
779,222.32
405,686.38
405,686.38
52.06298
52.06298
4,948,593.97
4,668,046.97
280,547.00
6.009944
26,706.60
127,647.60
23,855.00
114,221.70
2,851.60
13,425.90
11.95389
11.75425
154,354.20
138,076.70
16,277.50
11.78874
3,250,000.00
1,544,239.77
4,794,239.77
4,948,593.97
3,250,000.00
1,279,970.27
4,529,970.27
4,668,046.97
0.00
264,269.50
264,269.50
280,547.00
0
20.64653
5.833802
6.009944
141,997.51
LIABILITIES AND
SHAREHOLDERS EQUITY
Current Liabilities
Accrued expense payable
Accounts/ Notes payable and other
expenses payable
Total Liabilities
Shareholders Equity
Capital Stock
Retained Earnings
Total Stockholders Equity
TOTAL LIABILITIES AND
STOCKHOLDERS EQUITY
16
Passage Income
Less: Direct Service Cost
Gross Profit
Less: Operating Expenses
Net Income
Less: Provision for Taxes
Net Income to Retained Earnings
2012
2011
6,134,814.75
4,079,652
2,055,162.94
1,677,645.09
377,517.85
5,849,745.33
3,890,080.64
1,959,664.69
1,627,252.46
332,412.23
99,723.67
232,688.56
113,258.36
264,259.49
17
Increase (decrease)
AMOUNT
PERCENT
285,069.42
189,571.17
95,498.25
50,392.63
45,105.62
13,534.69
31,570.93
4.873194
4.873194
4.873193
3.096792
13.56918
13.57219
13.56789
PROFITABILITY
The rational figures of year 2012 measures Grand Hope Travel, INC.s capacity to earn
sufficient return on sales, total assets and owners investment.
(2012) =
= P0.043: P1 or 4.31 %
(2012) =
= 0.055: 1 or 5.50 %
3. Asset Turnover
(2012) =
18
LIQUIDITY
The rational figures of year 2012 pertains to Grand Hope Travel, INC.s ability to pay
any immediate and incoming cash disbursements.
1. Current Ratio
(2012) =
= 24.38: 1 or 243 %
2. Quick Ratio
(2012) =
= 24.38: 1 or 243 %
(2012) =
19
= 76.06 %
STABILITY
The rational figures of year 2012 estimates the overall debt status of Grand Hope Travel,
INC. in light of its assets base and earning power.
(2012) =
= 0.032:1 or 3.21%
2. Debt Ratio
(2012) =
= 0.031:1 or 3.12%
(2012) =
20
= 0.2472:1 or 24.72%
21
RECOMMENDATIONS
22