TABLE 1

ESTIMATED PROJECT COSTS

PARTICULARS
1
2
3
4
5
6
7
8
9

Pre-Operating Expenses
Land
Buildings
Computer and internet equipment
Furniture, fixtures and office equipment
Maintenance equipment
Transportation equipment
Land Improvements
Working Capital

TOTAL ESTIMATED PROJECT COSTS

Amount
-

TABLE 2
PRE-OPERATING EXPENSES
PARTICULARS
1
2
3
4
5
6
7
8

Cost of planning
BIR Registration
Mayor's Permit
DTI's Permit
SEC Registration
Professional fees (engineering design)
Professional fees (feasibility study)
Others

TOTAL PRE-OPERATING EXPENSES

Amount

FINANCIAL ASSUMPTIONS
[1]

Pre-Operating Expenses
The above expenses will be amortized over a period of 5 years.

[2]

Capitalization Policy

Expenditures with useful life beyond one year and whose amounts equal to or above Php 1
will be capitalized subject to depreciation policy.
[3]

Depreciation Policy
Depreciation is computed using the straight-line method over the estimated useful lives of
the assets. The estimated useful lives are as follows:
Number of Years
Buildings
50
Building Improvements
10
Computer and internet equipment
3
Furniture, fixtures and office equipment
5
Maintenance equipment
5
Transportation equipment
10
Land improvements
10

[4]

Loan Amortization

4.1 Management will obtain a (PHP _____________) loan from Land Bank of the Philipp
4.2 The prevailing interest rate is ____% per annum.
4.3 The loan will be paid equally over a period of ________ years.

4.4 The Transfer Certificate of Title No. ________ whose land area is ________square m
[5]

Sales/Revenues

5.1 The number of clients/units is _____________ for Year 1, and it is expected to incr
5.2 The fee per client/ or selling price per client/unit is Php ______. The amount was
following:
5.2.1
The prevailing market price offered by competitors
5.2.2
The paying capacity of client/customers
5.2.3
The prevailing inflation rate of the country

5.4 The fee per client/selling price per unit is expected to increase annually using th
during the past 5 years, 6% .
show details

(http://www.tradingeconomics.com/philippines/infla

5.5 Percentage of sales collected in the current year 70%, and 30% in the year after
[6]

Inventories
6.1 Management believes that an ending inventory equal to 20% of the next year's
the appropriate balance.

[7]

Purchases

7.1 Percentage of purchases paid for in the current year of purchase is 70% and 30%
after purchase.
[8]

Selling and Administrative Expenses

8.1 Salaries and Wages
8.1.1

8.1.2
8.1.3
8.1.4
8.1.5
8.1.6

The manager, cashier, and the bookkeeper will be paid on a monthly

Manager
7,500.00
Cashier
5,000.00
Bookkeeper
5,000.00
The other employees will be paid on a daily wage rate provided by DO
There are six (6) working days per week.
Employer's share on SSS, Pag-ibig, and Philhealth will be computed u
by the agencies.
13th Month Pay will be based on the gross basic compensation during
Salaries & Wages are expected to increase using the average inflation

8.2 Advertising through radio and print materials.

Radio Advertisement
Tarpaulin
Pamphlets
8.3 Light & Water
8.4 Rentals
8.5 Representation allowance
8.6 Supplies Expense
8.7 Transportation Expense
8.8 Miscellaneous Expense

3 pcs @ Php 650

[9]

Taxes
9.1 Community Tax
9.2 BIR Registration Fee
9.3 Income Tax
9.3.1
Passive income
9.3.2
Taxable income

Php 500
500
Final tax of 20%
Normal tax of 30%

equal to or above Php 10,000

stimated useful lives of

umber of Years

Land Bank of the Philippnes (LBP)- Solano Branch.

rea is ________square meters will be used as collateral.

nd it is expected to increase by 5% annually.

_____. The amount was determined by considering the

by competitors

rease annually using the average inflation rate

com/philippines/inflation-cpi)

d 30% in the year after sale.

20% of the next year's sales strikes

urchase is 70% and 30% in the year

ll be paid on a monthly basis.

age rate provided by DOLE.

alth will be computed using the prescribed fees

sic compensation during the year divided by 12 months.

ng the average inflation rate.

Name of Company
SALES BUDGET
For the years Ended December 31

1
Budgeted Sales (units)
Selling Price per unit
Total Sales

5,000
10.00
50,000.00

2
5,250
10.60
55,650.00

YEAR
3
5,513
11.24
61,938.45

AR
4
5,788
11.91
68,937.49

5
6,078
12.62
76,727.43

6
6,381
13.38
85,397.63

Name of Company
SCHEDULE OF EXPECTED CASH COLLECTIONS
For the years Ended December 31

1
Sales

Year
Year
Year
Year
Year

1
2
3
4
5

TOTAL CASH COLLECTIONS

35,000.00

35,000.00

2
15,000.00
38,955.00

53,955.00

YEAR
3

16,695.00
43,356.92

60,051.92

EAR
4

18,581.54
48,256.25

66,837.78

20,681.25
53,709.20

74,390.45

Totals
50,000.00
55,650.00
61,938.45
68,937.49
53,709.20

Name of Company
BUDGETED COSTS OF SALES
For the years Ended December 31
YEAR
1
Budgeted Sales
Add: Desired Ending Inventory
Totals
Less: Beginning Inventory
BUDGETED COSTS OF SALES

50,000.00
11,130.00
61,130.00
61,130.00

2
55,650.00
12,387.69
68,037.69
11,130.00
56,907.69

YEAR
3
61,938.45
13,787.50
75,725.95
12,387.69
63,338.26

4
68,937.49
15,345.49
84,282.98
13,787.50
70,495.48

5
76,727.43
17,079.53
93,806.96
15,345.49
78,461.47

6
85,397.63

Name of Company
SCHEDULE OF CASH PURCHASES
For the years Ended December 31

1
Purchases

Year
Year
Year
Year
Year

1
2
3
4
5

TOTAL CASH PURCHASES

42,791.00

42,791.00

2
18,339.00
39,835.38

58,174.38

YEAR
3

17,072.31
44,336.78

61,409.09

YEAR
4

19,001.48
49,346.84

68,348.32

21,148.64
54,923.03

76,071.67

Name of Company
SCHEDULE OF SALARIES & WAGES

Manager
Bookkeeper
Cashier
Other Personnel
Daily Wage # of Days
1
200
21
2
200
21
TOTALS

Monthly
Pay
7,500.00
5,000.00
5,000.00

Monthly Employer's Share

SSS
Pag-ibig
250.00
100.00
166.70
100.00
166.70
100.00

4,200.00
4,200.00

133.30
133.30

100.00
100.00

25,900.00

850.00

500.00

mployer's Share
Philhealth
87.50
62.50
62.50

1
90,000.00
60,000.00
60,000.00

ANNUAL SALARIES & WAGES

2
3
4
95,400.00
101,124.00
107,191.44
63,600.00
67,416.00
71,460.96
63,600.00
67,416.00
71,460.96

50.00
50.00

50,400.00
50,400.00

53,424.00
53,424.00

56,629.44
56,629.44

60,027.21
60,027.21

312.50

310,800.00

329,448.00

349,214.88

370,167.77

ES
5
113,622.93
75,748.62
75,748.62

63,628.84
63,628.84
392,377.84

Name of Company
SCHEDULE OF SALARIES & WAGES

Manager
Bookkeeper
Cashier
Other Personnel
Daily Wage# of Days
1
200
21
2
200
21
TOTALS

Monthly
Pay
7,500.00
5,000.00
5,000.00

Monthly Employer's Share

SSS
Pag-ibig Philhealth
250.00
100.00
87.50
166.70
100.00
62.50
166.70
100.00
62.50

4,200.00
4,200.00

133.30
133.30

100.00
100.00

50.00
50.00

25,900.00

850.00

500.00

312.50

loyer's Share
Totals
437.50
329.20
329.20

283.30
283.30

1
5,250.00
3,950.40
3,950.40
3,399.60
3,399.60

1,662.50

19,950.00

ANNUAL EMPLOYER'S SHARE

2
3
4
5,565.00
5,898.90
6,252.83
4,187.42
4,438.67
4,704.99
4,187.42
4,438.67
4,704.99

3,603.58
3,603.58

3,819.79
3,819.79

4,048.98
4,048.98

21,147.00

22,415.82

23,760.77

RE
5
6,628.00
4,987.29
4,987.29

4,291.92
4,291.92
25,186.42

Philhealth Premium Contribution Table

Salary
Total Monthly
Salary Range
Salary Base
Bracket
Premium
*Employee share represents half of the total monthly premium
while the other half is shouldered by the employer.
1 4,999.99 and below
4,000.00
100
2 5,000.00 - 5,999.99
5,000.00
125
3 6,000.00 - 6,999.99
6,000.00
150
4 7,000.00 - 7,999.99
7,000.00
175
5 8,000.00 - 8,999.99
8,000.00
200
6 9,000.00 - 9,999.99
9,000.00
225
7 10,000.00 - 10,999.99
10,000.00
250
8 11,000.00 - 11,999.99
11,000.00
275
9 12,000.00 - 12,999.99
12,000.00
300
10 13,000.00 - 13,999.99
13,000.00
325
11 14,000.00 - 14,999.99
14,000.00
350
12 15,000.00 - 15,999.99
15,000.00
375
13 16,000.00 - 16,999.99
16,000.00
400
14 17,000.00 - 17,999.99
17,000.00
425
15 18,000.00 - 18,999.99
18,000.00
450
16 19,000.00 - 19,999.99
19,000.00
475
17 20,000.00 - 20,999.99
20,000.00
500
18 21,000.00 - 21,999.99
21,000.00
525
19 22,000.00 - 22,999.99
22,000.00
550
20 23,000.00 - 23,999.99
23,000.00
575
21 24,000.00 - 24,999.99
24,000.00
600
22 25,000.00 - 25,999.99
25,000.00
625
23 26,000.00 - 26,999.99
26,000.00
650
24 27,000.00 - 27,999.99
27,000.00
675
25 28,000.00 - 28,999.99
28,000.00
700
26 29,000.00 - 29,999.99
29,000.00
725
27 30,000.00 and up
30,000.00
750

http://www.philhealth.gov.ph/partners/employers/contri_tbl.html

Employee Share

50.00
62.50
75.00
87.50
100.00
112.50
125.00
137.50
150.00
162.50
175.00
187.50
200.00
212.50
225.00
237.50
250.00
262.50
275.00
287.50
300.00
312.50
325.00
337.50
350.00
362.50
375.00

Employer Share

50.00
62.50
75.00
87.50
100.00
112.50
125.00
137.50
150.00
162.50
175.00
187.50
200.00
212.50
225.00
237.50
250.00
262.50
275.00
287.50
300.00
312.50
325.00
337.50
350.00
362.50
375.00

http://www.sss.gov.ph/sss/printversion.jsp?id=111&file=regi_contrib_table.html

NEW SSS CONTRIBUTION SCHEDULE

DULE

Name of Company
SCHEDULE OF DEPRECIATION
For the Year Ended December 31
Estimated
Useful Life

Cost
Buildings
Computer and internet equipment
Furniture, fixtures and office equipment
Maintenance equipment
Transportation equipment
Land Improvements
TOTAL DEPRECIATION

50
3
5
5
10
10

Annual
Depreciation
0
0
0
0
0
0
0

Name of Company
BUDGETED INCOME STATEMENT
For the Years Ended __________

Table
Sales
Less: Cost of Sales
Gross Profit
Less: Expenses
Salaries & Wages
Premium - Employer's Share
Depreciation
Advertising
Light & Water
Rentals
Representation allowance
Supplies Expense
Transportation Expense
Permits and Licenses
Miscellaneous Expense
Net Income before Interest Expense
Less: Interest Expense
Net Income before Income Tax
Income Tax (30%)
Net Income

YEAR
3

Name of the Company

BUDGETED STATEMENTS OF CASH FLOWS
For the Year Ended December

CASH BALANCE, BEGINNING

Add: Collections
Totals Funds Available
Less: Disbursements