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* 29 units per sem

* multiply by two for the two semesters


*computer subjects are only offered from the 1st year to the third year levels only for each semest
*24 working days per month
*employees are single without qualified dependent for taxation purposes
*loan money
*interest rate at 10% per annum
*each partner contributes 150K each
*bank loan of9M, term: 5years, payable at the end of the term
*land and building is considered a finance lease
*fiscal year - starting June to May
*no A/R by the end of the fiscal year
* No withdrawals / additional investments
*part time faculty rate at Php 100 per hour
*part time faculty work for 3 hours a day, 4 days in a week and in 10 months per year only
*10% increase in annual utilities exp
*revenenue is earned evenly all throughout the fiscal year

*in the lease of the land and building, there is a bargain purchase option, and the option is reasona
*the title of the land is expected to pass to the lessee after the lease contract of 25 years and payi
*thus, under these qualificattions, the dep shall be based on the useful life of the assets
*the bargain purchase price of the bldg will be 800K, which is sufficiently lower than the FV of the b
*IAS 17 par 20
only for each semester regardless of the degree

per year only

the option is reasonably expected to be exercised


of 25 years and paying
the assets
er than the FV of the bldg after 25 years
Water 20000
Eletricity 30000
Phone 1000
Internet 3000
General Services 7000
61,000.00 67,100.00 73,810.00 81,191.00
732,000.00 805,200.00 885,720.00 974,292.00
671,000.00 738,100.00 811,910.00 893,101.00
89,310.10
1,071,721.20
982,411.10
Income Projection

First and Second Semester

Year of Year Enrollees Units Taken Tuition Fee Misc Fee Matriculation Comp Lab Fee
Operation Level x29 x Php 350 x Php 1,140 x Php 200 x Php 900
1 146 8468 2,963,800.00 332,880.00 58,400.00 262,800.00
2 0 0 - - - -
1
3 0 0 - - - -
4 0 0 - - - -
1 174 10092 3,532,200.00 396,720.00 69,600.00 313,200.00
2 135 7830 2,740,500.00 307,800.00 54,000.00 243,000.00
2
3 0 0 - - - -
4 0 0 - - - -
1 207 12006 4,202,100.00 471,960.00 82,800.00 372,600.00
2 156 9048 3,166,800.00 355,680.00 62,400.00 280,800.00
3
3 104 6032 2,111,200.00 237,120.00 41,600.00 187,200.00
4 0 0 - - - -
1 246 14268 4,993,800.00 560,880.00 98,400.00 442,800.00
2 191 11078 3,877,300.00 435,480.00 76,400.00 343,800.00
4
3 135 7830 2,740,500.00 307,800.00 54,000.00 243,000.00
4 102 5916 2,070,600.00 232,560.00 40,800.00 183,600.00
1 293 16994 5,947,900.00 668,040.00 117,200.00 527,400.00
2 227 13166 4,608,100.00 517,560.00 90,800.00 408,600.00
5 3 143 8294 2,902,900.00 326,040.00 57,200.00 257,400.00
4 128 7424 2,598,400.00 291,840.00 51,200.00 230,400.00
5 17 986 345,100.00 38,760.00 6,800.00 -
Summer Semester

Speech Lab Fee NSTP Fee Subtotal Year Enrollees Units Taken Tuition Fee
x Php 400 x Php 150 (1st & 2nd Sem) Level x9 x Php 350
116,800.00 43,800.00 3,778,480.00 1 123 1,107 387,450.00
- - - 2 0 - -
- - - 3 0 - -
- - - 4 0 - -
139,200.00 52,200.00 4,503,120.00 1 160 1,440 504,000.00
108,000.00 3,453,300.00 2 110 990 346,500.00
- - - 3 0 - -
- - - 4 0 - -
165,600.00 62,100.00 5,357,160.00 1 0 - -
124,800.00 3,990,480.00 2 0 - -
2,577,120.00 3 0 - -
- - - 4 0 - -
196,800.00 73,800.00 6,366,480.00 1 270 2,430 850,500.00
152,800.00 4,885,780.00 2 187 1,683 589,050.00
3,345,300.00 3 129 1,161 406,350.00
- 2,527,560.00 4 89 801 280,350.00
234,400.00 87,900.00 7,582,840.00 1 351 3,159 1,105,650.00
181,600.00 5,806,660.00 2 243 2,187 765,450.00
3,543,540.00 3 168 1,512 529,200.00
- 3,171,840.00 4 116 1,044 365,400.00
0 0 390,660.00 5 0 0 0
Misc Fee Matriculation Subtotal GRAND TOTAL
x Php 1,140 x Php 200 (Summer Sem) (1st, 2nd & Summer Sem)
140,220.00 24,600.00 552,270.00
- - -
- - -
- - - PHP 4,330,750.00
182,400.00 32,000.00 718,400.00
125,400.00 22,000.00 493,900.00
- - -
- - - PHP 9,168,720.00
- - -
- - -
- - -
- - - PHP 11,924,760.00
307,800.00 54,000.00 1,212,300.00
213,180.00 37,400.00 839,630.00
147,060.00 25,800.00 579,210.00
101,460.00 17,800.00 399,610.00 PHP 20,155,870.00
400,140.00 70,200.00 1,575,990.00
277,020.00 48,600.00 1,091,070.00
191,520.00 33,600.00 754,320.00
132,240.00 23,200.00 520,840.00
0 0 390,660.00 PHP 24,437,760.00
Date Payment Interest Principal
June 1, 20A
1 May 31, 20B 540,000.00 397,044.96 142,955.04
2 May 31, 20C 540,000.00 379,890.36 160,109.64
3 May 31, 20D 540,000.00 360,677.20 179,322.80
4 May 31, 20E 540,000.00 339,158.46 200,841.54
5 May 31, 20F 540,000.00 315,057.48 224,942.52
6 May 31, 20G 540,000.00 288,064.37 251,935.63
7 May 31, 20H 540,000.00 257,832.10 282,167.90
8 May 31, 20I 540,000.00 223,971.95 316,028.05
9 May 31, 20J 540,000.00 186,048.59 353,951.41
10 May 31, 20K 540,000.00 143,574.42 396,425.58
11 May 31, 20L 540,000.00 96,003.35 443,996.65
12 May 31, 20M 540,000.00 42,723.75 497,276.25
13 May 31, 20N 540,000.00 (16,949.40) 556,949.40
14 May 31, 20O 540,000.00 (83,783.33) 623,783.33
15 May 31, 20P 540,000.00 (158,637.33) 698,637.33
16 May 31, 20Q 540,000.00 (242,473.81) 782,473.81
17 May 31, 20R 540,000.00 (336,370.67) 876,370.67
18 May 31, 20S 540,000.00 (441,535.15) 981,535.15
19 May 31, 20T 540,000.00 (559,319.37) 1,099,319.37
20 May 31, 20U 540,000.00 (691,237.69) 1,231,237.69
21 May 31, 20V 540,000.00 (838,986.22) 1,378,986.22
22 May 31, 20W 540,000.00 (1,004,464.56) 1,544,464.56
23 May 31, 20X 540,000.00 (1,189,800.31) 1,729,800.31
24 May 31, 20Y 540,000.00 (1,397,376.35) 1,937,376.35
25 May 31, 20Z 540,000.00 (1,629,861.51) 2,169,861.51
13,500,000.00 (5,560,748.73) 19,060,748.73
PV
3,308,708.00
3,165,752.96
3,005,643.32
2,826,320.51
2,625,478.97
2,400,536.45
2,148,600.83
1,866,432.92
1,550,404.88
1,196,453.46
800,027.88
356,031.22
(141,245.03)
(698,194.44)
(1,321,977.77)
(2,020,615.10)
(2,803,088.91)
(3,679,459.58)
(4,660,994.73)
(5,760,314.10)
(6,991,551.79)
(8,370,538.01)
(9,915,002.57)
(11,644,802.88)
(13,582,179.22)
(15,752,040.73)
19,060,748.73
Date Payment Interest Principal
June 1, 20A
1 May 31, 20B 420,000.00 362,050.08 57,949.92
2 May 31, 20C 420,000.00 355,096.09 64,903.91
3 May 31, 20D 420,000.00 347,307.62 72,692.38
4 May 31, 20E 420,000.00 338,584.53 81,415.47
5 May 31, 20F 420,000.00 328,814.68 91,185.32
6 May 31, 20G 420,000.00 317,872.44 102,127.56
7 May 31, 20H 420,000.00 305,617.13 114,382.87
8 May 31, 20I 420,000.00 291,891.19 128,108.81
9 May 31, 20J 420,000.00 276,518.13 143,481.87
10 May 31, 20K 420,000.00 259,300.31 160,699.69
11 May 31, 20L 480,000.00 240,016.34 239,983.66
12 May 31, 20M 480,000.00 211,218.31 268,781.69
13 May 31, 20N 480,000.00 178,964.50 301,035.50
14 May 31, 20O 480,000.00 142,840.24 337,159.76
15 May 31, 20P 480,000.00 102,381.07 377,618.93
16 May 31, 20Q 480,000.00 57,066.80 422,933.20
17 May 31, 20R 480,000.00 6,314.82 473,685.18
18 May 31, 20S 480,000.00 (50,527.40) 530,527.40
19 May 31, 20T 480,000.00 (114,190.69) 594,190.69
20 May 31, 20U 480,000.00 (185,493.58) 665,493.58
21 May 31, 20V 480,000.00 (265,352.81) 745,352.81
22 May 31, 20W 480,000.00 (354,795.14) 834,795.14
23 May 31, 20X 480,000.00 (454,970.56) 934,970.56
24 May 31, 20Y 480,000.00 (567,167.03) 1,047,167.03
25 May 31, 20Z 480,000.00 (692,827.07) 1,172,827.07
11,400,000.00 1,436,530.02 9,963,469.98
PV
3,017,084.00
2,959,134.08
2,894,230.17
2,821,537.79
2,740,122.32
2,648,937.00
2,546,809.44
2,432,426.58
2,304,317.77
2,160,835.90
2,000,136.21
1,760,152.55
1,491,370.86
1,190,335.36
853,175.60
475,556.68
52,623.48
(421,061.71)
(951,589.11)
(1,545,779.80)
(2,211,273.38)
(2,956,626.19)
(3,791,421.33)
(4,726,391.89)
(5,773,558.91)
(6,946,385.98)
9,963,469.98
Personnel Minimum Wage/Day Working Days

President 604.17 24
Dean 508.33 24
Registrar 341.67 24
HR Director 500.00 24
Cashier 341.67 24
Comptroller 458.33 24
Librarian 395.83 24
Staff (6) 1,800.00 24
TOTAL
TOTAL PER ANNUM
Employer's Contribution
Employee's Contribution
Annual Withholding tax

YEAR 1 & 2

Personnel Minimum Wage/Day Working Days

Bus. Ad. Faculty (1) 307.69 26


Accountancy Faculty (chair) 461.54 26
TOTAL
TOTAL PER ANNUM
Employer's Contribution
Employee's Contribution
Annual Withholding tax

YEAR 3
Arts & Sciences Faculty (2) 576.92 26
TOTAL PER ANNUM
Employer's Contribution
Employee's Contribution
Annual Withholding tax

YEAR 4

Personnel Minimum Wage/Day Working Days

Bus. Ad. Faculty (1) 307.69 26


TOTAL
TOTAL PER ANNUM
Employer's Contribution
Employee's Contribution
Annual Withholding tax

Year 5

Personnel Minimum Wage/Day Working Days

Arts & Sciences Faculty (2) 576.92 26


TOTAL
TOTAL PER ANNUM
Employer's Contribution
Employee's Contribution
Annual Withholding tax

Employer's Contribution
Less: one month
Paid
Employee's Contribution
Less: one month
Paid
TOTAL PAID CONTRIBUTION

Annual Withholding tax


Less: one month
Paid
PAYROLL SCHEDULE (FIXED RATE)
DEDUCTIONS
Monthly Gross Pay SSS Premium PhilHealth Premium
ER EE ER
14,500.00 1,034.70 483.30 175.00
12,200.00 858.00 400.00 150.00
8,200.00 575.30 266.70 100.00
12,000.00 858.00 400.00 150.00
8,200.00 575.30 266.70 100.00
11,000.00 787.30 366.70 137.50
9,500.00 681.30 316.70 112.50
43,200.00 3,028.20 1,399.80 525.00
118,800.00 8,398.10 3,899.90 1,450.00
1,425,600.00 100,777.20 46,798.80 17,400.00
146,689.20
92,710.80
80,293.68
INSTRUCTOR SALARY RATE

DEDUCTIONS
Monthly Gross Pay SSS Premium PhilHealth Premium
ER EE ER
8,000.00 575.30 266.70 100.00
12,000.00 858.00 400.00 150.00
20,000.00 1,433.30 666.70 250.00
240,000.00 17,199.60 8,000.40 3,000.00
24,999.60 171,688.80 148,338.80
15,800.40 108,511.20 108,511.20
19,071.24 99,364.92 256,850.00 256,850.00

15,000.00 1,080.00 500.00 175.00


180,000.00 12,960.00 6,000.00 2,100.00
22,260.00
15,300.00
3,284.88

DEDUCTIONS
Monthly Gross Pay SSS Premium PhilHealth Premium
ER EE ER
8,000.00 575.30 266.70 100.00
8,000.00 575.30 266.70 100.00
96,000.00 6,903.60 3,200.40 1,200.00
10,023.60
6,320.40
7,667.28

DEDUCTIONS
Monthly Gross Pay SSS Premium PhilHealth Premium
ER EE ER
15,000.00 1,080.00 500.00 175.00
15,000.00 1,080.00 500.00 175.00
180,000.00 12,960.00 6,000.00 2,100.00
22,260.00
15,300.00
3,284.88

PAID IN:
1ST 2ND 3rd 4th
171,688.80 171,688.80 220,452.00 230,475.60
14,307.40 14,307.40 18,371.00 19,206.30
157,381.40 157,381.40 202,081.00 211,269.30
108,511.20 108,511.20 140,544.00 146,864.40
9,042.60 9,042.60 11,712.00 12,238.70
99,468.60 99,468.60 128,832.00 134,625.70
256,850.00 256,850.00 330,913.00 345,895.00

99,364.92 99,364.92 110,517.96 118,185.24


8,280.41 8,280.41 9,209.83 9,848.77
91,084.51 91,084.51 101,308.13 108,336.47

23,350.00 23,350.00 30,083.00 31,445.00


RATE)
DEDUCTIONS Taxable Withholding
PhilHealth Premium PAG-IBIG Premium Income Tax/ mo
EE ER EE
175.00 290.00 290.00 13,551.70 1,418.67
150.00 244.00 244.00 11,406.00 989.53
100.00 164.00 164.00 7,669.30 358.68
150.00 240.00 240.00 11,210.00 950.33
100.00 164.00 164.00 7,669.30 358.68
137.50 220.00 220.00 10,275.80 763.49
112.50 190.00 190.00 8,880.80 540.40
525.00 864.00 864.00 40,411.20 1,311.36
1,450.00 2,376.00 2,376.00 111,074.10 6,691.14
17,400.00 28,512.00 28,512.00 1,332,889.20 80,293.68
19,950.00

TE

DEDUCTIONS Withholding
PhilHealth Premium PAG-IBIG Premium Tax/ mo
EE ER EE
100.00 160.00 160.00 7,473.30 638.94
150.00 240.00 240.00 11,210.00 950.33
250.00 400.00 400.00 18,683.30 1,589.27
3,000.00 4,800.00 4,800.00 224,199.60 19,071.24
3,400.00

175.00 600.00 600.00 13,725.00 273.74


2,100.00 7,200.00 7,200.00 164,700.00 3,284.88
3,130.00

DEDUCTIONS Withholding
PhilHealth Premium PAG-IBIG Premium Tax/ mo
EE ER EE
100.00 160.00 160.00 7,473.30 638.94
100.00 160.00 160.00 7,473.30 638.94
1,200.00 1,920.00 1,920.00 89,679.60 7,667.28
1,362.00

DEDUCTIONS Withholding
PhilHealth Premium PAG-IBIG Premium Tax/ mo
EE ER EE
175.00 600.00 600.00 13,725.00 273.74
175.00 600.00 600.00 13,725.00 273.74
2,100.00 7,200.00 7,200.00 164,700.00 3,284.88
3,130.00

5th
270,404.40
22,533.70
247,870.70
173,319.60
14,443.30
158,876.30
406,747.00

126,715.56
10,559.63
116,155.93

36,977.00
Total
Deductions Net Monthly Pay

2,366.97 12,133.03
1,783.53 10,416.47
889.38 7,310.62
1,740.33 10,259.67
889.38 7,310.62
1,487.69 9,512.31
1,159.60 8,340.40
4,100.16 39,099.84
14,417.04 104,382.96
173,004.48 1,252,595.52

Total
Deductions Net Monthly Pay

1,165.64 6,834.36
1,740.33 10,259.67
2,905.97 17,094.03
34,871.64 205,128.36

3rd & 4th year


1,548.74 13,451.26
18,584.88 161,415.12 Personnel

President
Dean
Registrar
HR Director
Total Cashier
Deductions Net Monthly Pay Comptroller
Librarian
1,165.64 6,834.36 Staff (9)
1,165.64 6,834.36
13,987.68 82,012.32
Total 5th year
Deductions Net Monthly Pay

1,548.74 13,451.26 Personnel


1,548.74 13,451.26
18,584.88 161,415.12 President
Dean
Registrar
HR Director
Cashier
Comptroller
Librarian
Staff (11)
d & 4th year
PAYR

Minimum Wage/Day Working Days Monthly Gross Pay

604.17 24 14,500.00
508.33 24 12,200.00
341.67 24 8,200.00
500.00 24 12,000.00
341.67 24 8,200.00
458.33 24 11,000.00
395.83 24 9,500.00
2,700.00 24 64,800.00
TOTAL 140,400.00
TOTAL PER ANNUM 1,684,800.00
Employer's Contribution 173,192.40
Employee's Contribution 109,443.60
Annual Withholding tax 88,161.84

h year
PAYR

Minimum Wage/Day Working Days Monthly Gross Pay

604.17 24 14,500.00
508.33 24 12,200.00
341.67 24 8,200.00
500.00 24 12,000.00
341.67 24 8,200.00
458.33 24 11,000.00
395.83 24 9,500.00
3,300.00 24 79,200.00
TOTAL 154,800.00
TOTAL PER ANNUM 1,857,600.00
Employer's Contribution 190,861.20
Employee's Contribution 120,598.80
Annual Withholding tax 93,407.28
PAYROLL SCHEDULE (FIXED RATE)
DEDUCTIONS
SSS Premium PhilHealth Premium PAG-IBIG Premium
ER EE ER EE ER EE
1,034.70 483.30 175.00 175.00 290.00 290.00
858.00 400.00 150.00 150.00 244.00 244.00
575.30 266.70 100.00 100.00 164.00 164.00
858.00 400.00 150.00 150.00 240.00 240.00
575.30 266.70 100.00 100.00 164.00 164.00
787.30 366.70 137.50 137.50 220.00 220.00
681.30 316.70 112.50 112.50 190.00 190.00
4,542.30 2,099.70 787.50 787.50 1,296.00 1,296.00
9,912.20 4,599.80 1,712.50 1,712.50 2,808.00 2,808.00
118,946.40 55,197.60 20,550.00 20,550.00 33,696.00 33,696.00
23,553.00
23,553.00

PAYROLL SCHEDULE (FIXED RATE)


DEDUCTIONS
SSS Premium PhilHealth Premium PAG-IBIG Premium
ER EE ER EE ER EE
1,034.70 483.30 175.00 175.00 290.00 290.00
858.00 400.00 150.00 150.00 244.00 244.00
575.30 266.70 100.00 100.00 164.00 164.00
858.00 400.00 150.00 150.00 240.00 240.00
575.30 266.70 100.00 100.00 164.00 164.00
787.30 366.70 137.50 137.50 220.00 220.00
681.30 316.70 112.50 112.50 190.00 190.00
5,551.70 2,566.30 962.50 962.50 1,584.00 1,584.00
10,921.60 5,066.40 1,887.50 1,887.50 3,096.00 3,096.00
131,059.20 60,796.80 22,650.00 22,650.00 37,152.00 37,152.00
25,955.00
Taxable Withholding Total
Income Tax/ mo Deductions Net Monthly Pay

13,551.70 1,418.67 2,366.97 12,133.03


11,406.00 989.53 1,783.53 10,416.47
7,669.30 358.68 889.38 7,310.62
11,210.00 950.33 1,740.33 10,259.67
7,669.30 358.68 889.38 7,310.62
10,275.80 763.49 1,487.69 9,512.31
8,880.80 540.40 1,159.60 8,340.40
60,616.80 1,967.04 6,150.24 58,649.76
131,279.70 7,346.82 16,467.12 123,932.88
88,161.84 197,605.44 1,487,194.56
Taxable Withholding Total
Income Tax/ mo Deductions Net Monthly Pay

13,551.70 1,418.67 2,366.97 12,133.03


11,406.00 989.53 1,783.53 10,416.47
7,669.30 358.68 889.38 7,310.62
11,210.00 950.33 1,740.33 10,259.67
7,669.30 358.68 889.38 7,310.62
10,275.80 763.49 1,487.69 9,512.31
8,880.80 540.40 1,159.60 8,340.40
74,087.20 2,404.16 7,516.96 71,683.04
144,750.10 7,783.94 17,833.84 136,966.16
93,407.28 214,006.08 1,643,593.92
-
1st and 2nd
Eduactional Level Salary Rate per Month No. of Employees
Doctorate (Pres) 12,000.00 1
Masteral (HR,Dean) 11,000.00 2
CPA (Comptroller) 10,000.00 1
Licensed (Librarian) 8,500.00 1
Degree Holder (Staff Level)-cashier 7,200.00 8

x months

Add: Functional Salary


Total Administrative Salaries

3rd and 4th


Eduactional Level Salary Rate per Month No. of Employees
Doctorate (Pres) 12,000.00 1
Masteral (HR,Registrar,Dean) 11,000.00 3
CPA (Comptroller) 10,000.00 1
Licensed (Librarian) 8,500.00 1
Degree Holder (Staff Level)-cashie 7,200.00 10

x months

Add: Functional Salary


Total Administrative Salaries

5th yea
Eduactional Level Salary Rate per Month No. of Employees
Doctorate (Pres) 12,000.00 1
Masteral (HR,Registrar,Dean) 11,000.00 3
CPA (Comptroller) 10,000.00 1
Licensed (Librarian) 8,500.00 1
Degree Holder (Staff Level)-cashie 7,200.00 12

x months

Add: Functional Salary


Total Administrative Salaries
1st and 2nd year
Functional Rates RATE No. of Employees
12,000.00 President 2,500.00 1
22,000.00 Dean 1,200.00 1
10,000.00 Head of Office 1,000.00 5
8,500.00
57,600.00 x months
110,100.00
12
1,321,200.00

104,400.00
1,425,600.00

3rd and 4th year


Functional Rates RATE No. of Employees
12,000.00 President 2,500.00 1
33,000.00 Dean 1,200.00 1
10,000.00 Head of Office 1,000.00 5
8,500.00
72,000.00 x months
135,500.00
12
1,626,000.00

104,400.00
1,730,400.00

5th year
Functional Rates RATE No. of Employees
12,000.00 President 2,500.00 1
33,000.00 Dean 1,200.00 1
10,000.00 Head of Office 1,000.00 5
8,500.00
86,400.00 x months
149,900.00
12
1,798,800.00

104,400.00
1,903,200.00
Faculty RATE
2,500.00 Bus. Ad 8,000.00
1,200.00 Accountancy (chair) 12,000.00
5,000.00 Arts 7,500.00
8,700.00 TOTAL SALARIES OF FACULTY
12 Multiply: months
104,400.00

Faculty RATE
Bus. Ad 4,320.00
Accountancy 4,320.00
Arts 4,320.00
TOTAL SALARIES OF FACULTY
Multiply: months
2,500.00
1,200.00
5,000.00
8,700.00 Staff No.
12 Nurse 2
104,400.00 Guidance Couselor 1
Total per mo
Annual Salary

2,500.00
1,200.00
5,000.00
8,700.00
12
104,400.00
FULL-TIME
1st year 2nd year 3rd year
1 8,000.00 1 8,000.00 1
1 12,000.00 1 12,000.00 1
0 - 0 - 2
20,000.00 20,000.00 35,000.0
12 12 ###
240,000.00 240,000.00

PART - TIME

1st year 2nd year 3rd year


0 - 0 - 1
0 - 0 - 1
8 34,560.00 10 43,200.00 10
34,560.00 43,200.00 51,840.0
12 12 1
414,720.00 518,400.00

Rate Hours / month Salary per mo


130.00 50 13,000.00
100.00 100 10,000.00
23,000.00
230,000.00
4th year 5th year
8,000.00 2 16,000.00 2 16,000.00
12,000.00 1 12,000.00 1 12,000.00
15,000.00 2 15,000.00 4 30,000.00
35,000.00 43,000.00 58,000.00
12 ### 12
420,000.00 516,000.00 696,000.00

4th year 5th year


4,320.00 0 - 1 4,320.00
4,320.00 2 8,640.00 2 8,640.00
43,200.00 12 51,840.00 12 51,840.00
51,840.00 60,480.00 64,800.00
10 12 12
518,400.00 725,760.00 777,600.00
69120
Butuan School of Business and Accountancy
Notes to Financial Statements
YEAR 1
Equipment

Total Acquisition
Qty Price Cost
Air Conditioner 15 13,275.00 199,125.00
Computer 65 16,500.00 1,072,500.00
Projector 1 21,500.00 21,500.00
Microphone 3 396.00 1,188.00
Speaker 2 850.00 1,700.00
Sound System 1 7,800.00 7,800.00
Router 1 3,200.00 3,200.00
Printer 6 2,200.00 13,200.00
Xerox Machine 1 15,000.00 15,000.00
Headset 41 150.00 6,150.00
Total 1,341,363.00
Furnitures and Fixture
Arm Chair 320 800.00 256,000.00
Classroom Table 8 1,000.00 8,000.00

Wooden Chair-classroom 8 200.00


1,600.00
White Board 8 1,600.00 12,800.00
Monoblock Chair 150 135.00 20,250.00
Monoblock Bench 6 325.00 1,950.00
Monoblock Table 3 1,099.00 3,297.00
Library Wooden Table 12 995.00 11,940.00
Bookshelves 12 2,500.00 30,000.00
Library- Office Table 1 5,000.00 5,000.00
Presidential Chair 1 2,949.00 2,949.00
Executive Chair 4 2,169.00 8,676.00
Office Chair 8 799.00 6,392.00
Executive Desk 8 7,500.00 60,000.00
Office Sofa 1 20,000.00 20,000.00
Office Desk 16 4,000.00 64,000.00
Wooden Chair 21 500.00 10,500.00
Faculty- Sofa 1 18,000.00 18,000.00

Conference- Long Table 1 4,500.00


4,500.00

Wooden Chair with Foam 20 250.00


5,000.00
Wall Clock 15 80.00 1,200.00
Office Trash Bin 14 65.00 910.00
Trash bin 1 120.00 120.00
Bundy Clock 1 2,500.00 2,500.00
Total Php555,584
GRAND TOTAL 1,896,947.00
Butuan School of Business and Accountancy
Notes to Financial Statements
YEAR 2
Equipment
Qty Price Total Acquisition Cost
Air Conditioner 1 13,275.00 13,275.00
Computer 39 16,500.00 643,500.00
Total 656,775.00
Furnitures and Fixture
Monoblock Chair 180 135.00 24,300.00
Monoblock Bench 6 325.00 1,950.00
Monoblock Table 3 1,099.00 3,297.00
Library Wooden Table 12 995.00 11,940.00
Bookshelves 12 2,500.00 30,000.00
Library- Office Table 1 2,299.00 2,299.00
Presidential Chair 1 2,949.00 2,949.00
Executive Chair 4 2,169.00 8,676.00
Office Chair 8 799.00 6,392.00
Executive Desk 8 2,299.00 18,392.00
Office Sofa 1 20,000.00 20,000.00
Office Trash Bin 5 65.00 325.00
Total Php130,520
GRAND TOTAL 787,295.00

Butuan School of Business and Accountancy


Notes to Financial Statements
YEAR 4
Equipment
Qty Price Total Acquisition Cost
Air Conditioner 1 13,275.00 13,275.00
Computer 1 16,500.00 16,500.00
Printer 1 2,200.00 2,200.00
Total 31,975.00
Furnitures and Fixture
Arm Chair 160 800.00 128,000.00
Classroom Table 4 500.00 2,000.00
Wooden Chair-classroom 4 200.00 800.00
White Board 4 1,600.00 6,400.00
Wall Clock 4 80.00 320.00
Trash bin 1 120.00 120.00
Total Php137,640
GRAND TOTAL 169,615.00
ness and Accountancy
ial Statements

ment

Est. Useful
Life Annual Dep.
20 9,956.25 Acquisition Cost
20 53,625.00 Annual Dep.
15 1,433.33 Accum. Dep.
15 79.20 Carrrying Value
15 113.33
15 520.00
15 213.33
12 1,100.00
15 1,000.00
15 410.00
68,450.45
nd Fixture
30 8,533.33
30 266.67

20 80.00
15 853.33
10 2,025.00
10 195.00
10 329.70
25 477.60
30 1,000.00
20 250.00
15 196.60
15 578.40
15 426.13
10 6,000.00
10 2,000.00
15 4,266.67
20 525.00
10 1,800.00

15 300.00

20 250.00
5 240.00
5 182.00
5 24.00
5 500.00
31,299.43
99,749.88
ness and Accountancy
ial Statements

ment
Est. Useful Life Annual Dep.
20 663.75
20 32,175.00
32,838.75
nd Fixture
10 2,430.00
10 195.00
10 329.70
25 477.60
30 1,000.00
20 114.95
15 196.60
15 578.40
15 426.13
10 1,839.20
10 2,000.00
5 65.00
9,652.58
42,491.33

ness and Accountancy


ial Statements

ment
Est. Useful Life Annual Dep.
20 663.75
20 825.00
12 183.33
1,672.08
nd Fixture
30 4,266.67
30 66.67
20 40.00
15 426.67
5 64.00
5 24.00
4,888.00
6,560.08
Depreciation Schedule

Year 1 Year 2 Year 3

1,896,947.00 2,684,242.00 2,684,242.00


99,749.88 142,241.22 142,241.22
99,749.88 241,991.10 384,232.32
1,797,197.12 2,442,250.90 2,300,009.68
Schedule

Year 4 Year 5

2,853,857.00 2,853,857.00
148,801.30 148,801.30
533,033.62 681,834.92
2,320,823.38 2,172,022.08
Butuan School of Business and Accountancy
Projected Five-Year Comparative Statement of Shareholders' Equity

Year 1 Year 2 Year 3


Share capital
Beginning PHP 0.00 PHP 625,000.00 PHP 2,500,000.00
Add: Issued Ordinary Shares 625,000.00 1,875,000.00 1,170,000.00
Share Premium - - -
Total Share Capital PHP 625,000.00 PHP 2,500,000.00 PHP 3,670,000.00

Retained Earnings
Appropriated, beginning 0.00 0.00 0.00
Additional Appropration 0.00 0.00 3,000,000.00
Less: Reversed RE 0.00 0.00 0.00
Total Appropriated RE 0.00 0.00 3,000,000.00

Unappropriated RE, beginning 0.00 (217,424.19) (300,162.30)


Additional Profit (217,424.19) (82,738.11) 209,970.16
Less: Dividends Declared 0.00 0.00 0.00
Total Unappropriated RE (217,424.19) (300,162.30) (3,090,192.14)

Total Shareholders'Equity Php407,575.81 Php2,199,837.70 Php3,579,807.86


ancy
rs' Equity

Year 4 Year 5

PHP 3,670,000.00 PHP 5,191,000.00


1,521,000.00 1,977,300.00
- -
PHP 5,191,000.00 PHP 7,168,300.00

3,000,000.00 7,000,000.00
4,000,000.00 3,000,000.00
0.00 7,000,000.00
7,000,000.00 3,000,000.00

(3,090,192.14) (9,384,780.16)
341,811.98 521,291.33
2,636,400.00 4,284,150.00
(9,384,780.16) (9,147,638.83)

Php2,806,219.84 Php1,020,661.17
D Movie House
Projected Five-Year Comparative Statement of Cash Flows
Year 1 Year 2 Year 3
Cash Provided from Operating Activities
Cash Receipts from Customers Php1,288,125.00 Php1,654,500.00 Php1,788,545.00
Purchase of Supplies 80,170.00 16,000.00 18,000.00
Payment of Utilities 72,017.28 79,219.01 87,140.91
Payment of Repairs and Maintenance 3,000.00 3,000.00 3,000.00
Payment of Advertising Fee 5,500.00 4,800.00 3,500.00
Payment of Employee Salaries 782,991.56 782,991.56 782,991.56
SSS, Philhealth & PAG-IBIG Premium (ER&EE share) 38,258.44 38,258.44 38,258.44
Legal Fees 5,842.00 5,000.00 5,000.00
Total Cash Provided by Operating Activities 300,345.72 725,230.99 850,654.09
Cash Provided from Investing Activities
Purchase of Equipment 416,429.50 656,775.00 250875.00
Purchase of Furniture and Fixture 314,009.00 130,520.00 0.00
Payment of Building Construction 3,000,000.00 0.00 0.00
Purchase of Land 1,300,000.00 0.00
Total Cash Used in Investing Activities 5,030,438.50 787,295.00 250,875.00
Cash Provided from Financing Activities
Paid-in Capital 5,500,000.00 500,000.00 -
Total Cash Provided by Financing Activities 5,500,000.00 500,000.00 0.00
Net Cash Inflow (Outflow) Php769,907.22 Php437,935.99 Php599,779.09
Add: Beginning Cash Balance 0.00 769,907.22 1,207,843.21
Ending Cash Balance Php769,907.22 Php1,207,843.21 Php1,807,622.30
Year 4 Year 5

Php1,985,675.00 Php2,245,685.00
20,000.00 18,500.00
95,854.00 105,440.50
5,000.00 5,000.00
2,000.00 2,000.00
782,991.56 782,991.56
38,258.44 38,258.44
5,000.00 5,000.00
1,036,571.00 1,288,494.50

31,975.00 0.00
137,640.00 0.00
- 0.00
- -
169,615.00 0.00

- -
- -
Php866,956.00 Php1,288,494.50
1,807,622.30 2,674,578.30
Php2,674,578.30 Php3,963,072.80
Butuan School of Business and Accountancy
Projected Five-Year Comparative Income Statement

Year 1 Year 2 Year 3


Revenue Php1,288,125.00 Php1,654,500.00 Php1,788,545.00
Cost of Revenue 257,625.00 330,900.00 357,709.00
Gross Income 1,030,500.00 1,323,600.00 1,430,836.00

Less: General Administrative Expenses


Salaries Expense 821,250.00 821,250.00 821,250.00
Depreciation Expense - Fur. & Fix & Equip. 125,144.91 125,144.91 ###
Depreciation Expense - Building 135,000.00 135,000.00 ###
Supplies 80,170.00 15,500.00 17,500.00
Utilities 72,017.28 79,219.01 87,140.91
Advertising 5,500.00 4,800.00 3,500.00
Repairs & Maintenance 3,000.00 3,000.00 ###
Legal fees 5,842.00 5,000.00 5,000.00
Total Expenses 1,247,924.19 1,188,913.92 1,197,535.82
Income Before Tax (217,424.19) 134,686.08 233,300.18
Net Loss Carry Forward 0.00 (217,424.19) 0.00
Taxable Net Income (217,424.19) (82,738.11) 233,300.18
Income Tax (10%) 0.00 - 23,330.02
Income After Tax (Php217,424.19) (Php82,738.11) Php209,970.16
Year 4 Year 5
Php1,985,675.00 Php2,245,685.00
397,135.00 449,137.00
1,588,540.00 1,796,548.00

821,250.00 821,250.00
125,144.91 125,144.91
135,000.00 135,000.00
19,500.00 18,500.00
95,854.00 105,440.50
2,000.00 2,000.00
5,000.00 5,000.00
### 5,000.00
1,208,748.91 1,217,335.41
379,791.09 579,212.59
0.00 0.00
379,791.09 579,212.59
37,979.11 57,921.26
Php341,811.98 Php521,291.33
Butuan School of Business and Accountancy
Projected Five-Year Comparative Statement of Financial Position

Year 1 Year 2 Year 3


ASSETS
Current Assets:
Cash PHP 769,907.22 PHP 1,207,843.21 PHP 1,807,622.30
Supplies Inventory 2,000.00 2,500.00 3,000.00
Total Current Assets 771,907.22 1,210,343.21 1,810,622.30
Noncurrent Assets:
Land 1,300,000.00 1,300,000.00 0.00
Building 3,000,000.00 2,865,000.00 2,730,000.00
Less: Accumulated Depreciation 135,000.00 135,000.00 135,000.00
Furniture & fixtures & Equipment 730,438.50 1,392,588.59 1,401,472.49
Less: Accumulated Depreciation 125,144.91 241,991.10 285,456.09
Total Noncurrent Assets 4,770,293.59 5,180,597.49 3,711,016.40
TOTAL ASSETS Php5,542,200.81 Php6,390,940.70 Php5,521,638.70
EQUITY AND LIABILITIES
Current Liabilities:
Due to SSS PHP 17,820.00 PHP 17,820.00 PHP 17,820.00
Due to Phil Health 3,400.00 3,400.00 3,400.00
Due to PAG-IBIG 2,500.00 2,500.00 2,500.00
Utilities Payable 14,403.46 7,921.90 8,714.09
Total Current Liabilities 38,123.46 31,641.90 32,434.09

Owner's Equity
D Movie House, Capital PHP 5,504,077.35 PHP 6,359,298.80 PHP 5,489,204.61
Total Owner's Equity 5,504,077.35 6,359,298.80 5,489,204.61

TOTAL LIABILITIES & OWNERS EQUITY Php5,542,200.81 Php6,390,940.70 Php5,521,638.70

0.00 0.00 0.00


Year 4 Year 5

PHP 2,674,578.30 PHP 3,963,072.80


3,500.00 3,500.00
2,678,078.30 3,966,572.80

0.00 0.00
2,595,000.00 2,460,000.00
135,000.00 135,000.00
1,147,991.40 855,570.30
292,421.10 441,222.40
3,315,570.30 2,739,347.90
Php5,993,648.60 Php6,705,920.70

PHP 17,820.00 PHP 17,820.00


3,400.00 ###
2,500.00 ###
9,585.40 10,544.05
33,305.40 34,264.05

PHP 5,960,343.20 PHP 6,671,656.65


5,960,343.20 6,671,656.65

Php5,993,648.60 Php6,705,920.70

0.00 0.00
FINANCIAL STATEMENT ANALYSIS

Net Profit Margin


Year 1 Year 2 Year 3 Year 4
Revenue 1,288,125.00 1,654,500.00 1,788,545.00 1,985,675.00
Net Profit (217,424.19) (82,738.11) 209,970.16 341,811.98
Net Profit Percentage -16.88% -5.00% 11.74% 17.21%

Return On Investment
Year 1 Year 2 Year 3 Year 4
Net Profit (217,424.19) (82,738.11) 209,970.16 341,811.98
Divided by: Average Investment 312,500.00 1,562,500.00 3,085,000.00 4,430,500.00
ROI -0.70 -0.05 0.07 0.08

Operating Cash Flow to Current Liabilities Ratio


Year 1 Year 2 Year 3 Year 4
Operating Cash Flow 300,345.72 725,230.99 850,654.09 1,036,571.00
Divided by: Current Liabilities 38,123.46 31,641.90 32,434.09 33,305.40
7.88 22.92 26.23 31.12

Return on Equity
Year 1 Year 2 Year 3 Year 4
Net Profit (217,424.19) (82,738.11) 209,970.16 341,811.98
Divided by: Shareholder's Equity 5,504,077.35 6,359,298.80 5,489,204.61 5,960,343.20
-4% -1% 4% 6%

Current Ratio
Year 1 Year 2 Year 3 Year 4
Current Assets 771,907.22 1,210,343.21 1,810,622.30 2,678,078.30
Divided by: Current Liabilities 38,123.46 31,641.90 32,434.09 33,305.40
20.25 38.25 55.82 80.41

Acid-Test Ratio
Year 1 Year 2 Year 3 Year 4
Quick Assets 769,907.22 1,207,843.21 1,807,622.30 2,674,578.30
Divided by: Current Liabilities 38,123.46 31,641.90 32,434.09 33,305.40
20.20 38.17 55.73 80.30

Working Capital
Year 1 Year 2 Year 3 Year 4
Current Assets 771,907.22 1,210,343.21 1,810,622.30 2,678,078.30
Current Liabilities 38,123.46 31,641.90 32,434.09 33,305.40
PHP 733,783.76 PHP 1,178,701.31 PHP 1,778,188.21 PHP 2,644,772.90

Debt-to-Equity Ratio
Year 1 Year 2 Year 3 Year 4
Total Liabilities 38,123.46 31,641.90 32,434.09 33,305.40
Divided by: Total SH Equity 5,504,077.35 6,359,298.80 5,489,204.61 5,960,343.20
1% 0% 1% 1%
Year 5
2,245,685.00
521,291.33
23.21%

Year 5
521,291.33
6,179,650.00
0.08

Year 5
1,288,494.50
34,264.05
37.60

Year 5
521,291.33
6,671,656.65
8%

Year 5
3,966,572.80
34,264.05
115.76

Year 5
3,963,072.80
34,264.05
115.66

Year 5
3,966,572.80
34,264.05
PHP 3,932,308.75

Year 5
34,264.05
6,671,656.65
1%

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