REDOBLE MEDICAL CLINIC

Poblacion Buug Zamboanga Sibugay

TIN #: 110-673-173

INCOME STATEMENT
For the Year Ended Dec.31 2007

Gross Income:
Clinic/Professional Services P 450,705.00
Less: Operating Expenses
Salary/Wages P 90,000.00
Taxes/Licenses 22,221.35
SSS & Phil. Health Premium 10,176.00
Lights & Water Bill 30,549.37
Dietary Expenses 98,155.20
Medical Supplies 77,873.28
Office Supplies 6,760.50
Postage & Communications 3,605.65
Fuel & Oil Used 14,873.25
Depreciation 27,800.00
Miscellaneous & Others 5,591.70 P 387,606.30

NET INCOME P 63,098.70

ADD: Other Income
Agri Income P 85,500.00
Less: 10 % OSD 8,550.00 76,950.00
TOTAL NET INCOME P 140,048.70
BALANCE SHEET
December 31, 2007

ASSETS
Current Assets
Cash P 40,198.70
Account Receivable 22,900.00

Fixes Assets:
Building P 900,600.00
Service Jeep 72,000.00
Motorcycle 43,200.00
Furniture & fixtures 62,800.00
TOTAL: P 1,078.000.00
Less Accu.Depr P 135,600.00
27,800.00 163,400.00 P 914,600.00
Commercial Lot 500,000.00
Agri Land 300,000.00
1 Set Computer 50,000.00
Others 20,000.00
TOTAL Assets P1,847,678.70
LIABELITIES & CAPITAL
Liabilities:
Account payable –Trade P 29,116.88
Loan Payable 150,500.00
NETWORTH:
Rosendo C. Redoble Capital P 1, 648,033.12
Add: Other income 140,048.70
TOTAL P 1, 788,081.82
Less Drawings 120,000.00 P 1,668,081.82

TOTAL Liabilities & capital P 1,847,698.70

ROSENDO C. REDOBLE M.D

Taxpayer
 REDOBLE MEDICAL CLINIC
Poblacion Buug Zamboanga Sibugay
TIN # 110-673-173

Comparative Income Statement

For the Year Ended December 31 2007 & 2006

Gross Income: 2007 2006

Clinic & Professional Services P 450,705.00 P 439,650.50

Less: Operating Expenses:
Salaries/ Wages P 90,000.00 P 90.000.00
Taxes Licenses 22,221.35 20,340.00
SSS & PhilHealth Premiums 10,176.00 12,312.00
Lights & Water Bill 30,549.37 28,577.28
Dietary Expenses 98,155.20 96,723.10
Office Supplies 6,760.50 5,770.00
Postage & Communications 3,605.60 2,560.00
Fuel & Oil Used 14,873.25 14,230.00
Depreciation 27,800.00 27,800.00
Medical Supplies 77, 883.28 74,740.55
Miscellaneous & Others 5, 591.70 5,400.00
TOTAL P 387,606.30 P 378,433.38

Net Income P 63,098.70 P 61,217.12

ADD INCOME
AGRI INCOME P 85,500.00 P 83,340.00
LESS 10 % OSD 8,550.00 8,334.00
TOTAL P 76,950.00 P 75,006.00

TOTAL NET INCOME P 140,048.70 P 136,223.12

ROSENDO C. REDOBLE M.D

Taxpayer