CHAPTER VI

FINANCIAL ASPECT

6.1 Total Project Cost

Assets:
Equipment
Service Vehicle
Furniture and Fixtures

Php. 18,999.00
450,000.00
53,936.00

Total Assets

Php 522,935.00

Working Capital
Inventories
Office Supplies
Prepaid Expense
Salaries & Wages
Advertising Expense
Legal Fees
Installation Cost
Utilities Expense
Total
Contingency (5%)
Total Working Capital
Total Project Cost

470,700.00
815.25
45,000.00
134,399.40
2,500.00
6,157.00
3,250.00
32,400.00
695,221.65
34,761.08
729,982.73
Php 1,252,917.73

Source of Initial investment

Each Partner will contribiute Php 250,583.55 through their personal properties and money.

s and money.

For the Year ended December 3

Sales Revenue
Less:Cost of Sale
Gross Profit
Less:Operating Expense
Legal fees
Advertisement Cost
Installation Costs
Salaries and wages
Office Supplies
Electricity Expense
Rent Expense
Depreciation Equipment
Total Operating Expense
Income before Tax
Less: Partners income Tax 30%
Net Income

Schedule
1
2

3
4
5
6 & 12
7
8
9
10

City Textile
Projected Statement of Financial Performance
For the Year ended December 31, 2017,2018,2019,2020,2021
(Amount shown in Philippine Peso)
2017
1,685,185.08
376,560.00
1,308,625.08

2018
2,022,222.00
527,184.00
1,495,038.00

2019
2,426,666.52
647,683.20
1,778,983.32

2020
2,911,999.82
780,231.68
2,131,768.14

6,157.00
2,500.00
3,250.00
537,597.60
10,215.00
32,400.00
180,000.00
54,793.30
826,912.90
481,712.18
144,513.65
337,198.53

6,464.85
2,625.00
0
537,597.60
11,236.50
35,640.00
180,000.00
54,793.30
828,357.25
666,680.75
200,004.23
466,676.53

6,788.09
2,756.25
0
537,597.60
12,360.15
39,204.00
180,000.00
54,793.30
833,499.39
945,483.93
283,645.18
661,838.75

7,127.49
2,894.06
0
537,597.60
13,596.17
43,124.40
180,000.00
54,793.30
839,133.02
1,292,635.12
387,790.54
904,844.58

2021
3,494,399.78
936,881.15
2,557,518.63
7,483.87
3,038.76
0
537,597.60
14,955.78
47,436.84
180,000.00
54,793.30
845,306.15
1,712,212.48
513,663.74
1,198,548.74

Projected Statement of Chang

For the Year ended December 31, 2017,2018,2019,2020,2
(Amount shown in Philippine Peso
Particular
Partners equity beg.
Add: Share in 2017 net income
Total
Less:Drawings (20%) of NI
Partners Equity Dec. 31,2017
Add: Share in 2017 net income
Total
Less:Drawings (20%) of NI
Partners Equity Dec. 31,2018
Add: Share in 2017 net income
Total
Less:Drawings (20%) of NI
Partners Equity Dec. 31,2019
Add: Share in 2017 net income
Total
Less:Drawings (20%) of NI
Partners Equity Dec. 31,2020
Add: Share in 2017 net income
Total
Less:Drawings (20%) of NI
Partners Equity Dec. 31,2021

Lacorte Capital
250,583.55
67,439.71
318,023.26
13,487.94
304,535.31
93,335.31
397,870.62
18,667.06
379,203.48
132,367.75
511,571.23
26,463.55
485,097.68
180,968.92
666,066.59
36,193.78
629,872.81
239,709.75
869,582.57
47,941.95
8,216,406.61

Villarin Capital
250,583.55
67,439.71
318,023.26
13,487.94
304,535.31
93,335.31
397,870.62
18,667.06
379,203.48
132,367.75
511,571.23
26,463.55
485,097.68
180,968.92
666,066.59
36,193.78
629,872.81
239,709.75
869,582.57
47,941.95
8,216,406.61

City Textile
Projected Statement of Changes in Equity
mber 31, 2017,2018,2019,2020,2021
mount shown in Philippine Peso)
Elopre Capital
250,583.55
67,439.71
318,023.26
13,487.94
304,535.31
93,335.31
397,870.62
18,667.06
379,203.48
132,367.75
511,571.23
26,463.55
485,097.68
180,968.92
666,066.59
36,193.78
629,872.81
239,709.75
869,582.57
47,941.95
8,216,406.61

Quiton Capital
250,583.55
67,439.71
318,023.26
13,487.94
304,535.31
93,335.31
397,870.62
18,667.06
379,203.48
132,367.75
511,571.23
26,463.55
485,097.68
180,968.92
666,066.59
36,193.78
629,872.81
239,709.75
869,582.57
47,941.95
8,216,406.61

Beboso Capital
250,583.55
67,439.71
318,023.26
13,487.94
304,535.31
93,335.31
397,870.62
18,667.06
379,203.48
132,367.75
511,571.23
26,463.55
485,097.68
180,968.92
666,066.59
36,193.78
629,872.81
239,709.75
869,582.57
47,941.95
8,216,406.61

Total Capital
1,252,917.73
337,198.53
1,590,116.26
67,439.71
1,522,676.55
466,676.53
1,989,352.70
93,335.31
1,896,017.39
661,838.75
2,557,856.14
132,367.75
2,425,488.39
904,844.58
3,330,332.97
180,968.92
3,149,364.05
1,198,548.74
4,347,912.79
239,709.75
4,108,203.04

Cash Flows From Operating Activities

Cash Inflows
Cash Sales (Shedule 1)
Cash Outflows
Legal Fees (Schedule 3)
Advertisement Cost (Schedule 4)
Installation Cost (Schedule 5)
Salaries and Wages (Schedule 6&12)
Office Supplies(Schedule 7)
Electricity Expense(Schedule 8)
Rent Expense(Schedule 9)
Income tax expense(30% 0f Income before Tax)
Purchases(Schedule 2)
Total
Net Cash provided by opereting activities
Cash Flows From Investing Activities
Cash Outflow
Procurement of Asset- Delivery and Office Equip.(Schedule 10)
Net Cash used in Investing activities
Cash Flows From Financing Activities
Cash Inflow
Investment of the partners(total project cost)
Cash Outflow
Withdrawal of the Partners(20% of net income)
Net Cash used in Financing activities

Net Increase ( Decrease) in Cash

Add: Cash on Hand Beg.
Cash Ending

City Textile
Projected Statement of Cash Flow
For the Year ended December 31, 2017,2018,2019,2020,2021
(Amount shown in Philippine Peso)
2017

2018

2019

2020

1,685,185.08

2,022,222.00

2,426,666.52

2,911,999.82

6,157.00
2,500.00
3,250.00
537,597.60
10,215.00
32,400.00
180,000.00

6,464.85
2,625.00
0
537,597.60
11,236.50
35,640.00
180,000.00
144,513.65
564,840.00
1,482,917.60
539,304.40

6,788.09
2,756.25
0
537,597.60
12,360.15
39,204.00
180,000.00
200,004.23
677,808.00
1,656,518.32
770,148.21

7,127.49
2,894.06
0
537,597.60
13,596.17
43,124.40
180,000.00
283,645.18
813,369.60
1,881,354.50
1,030,645.32

470,700.00
1,242,819.60
442,365.48

-522,935.00
-522,935.00

1,252,917.73
-67,439.71
1,185,478.02

-93,335.31
-93,335.31

-132,367.75
-132,367.75

-180,968.92
-180,968.92

1,104,908.50
1,104,908.50

445,969.09
1,104,908.50
1,550,877.59

637,780.46
1,550,877.59
2,188,658.05

849,676.41
2,188,658.05
3,038,334.45

2021

3,494,399.78
7,483.87
3,038.76
0
537,597.60
14,955.78
47,436.84
180,000.00
387,790.54
976,043.52
2,154,346.91
1,340,052.87

-239,709.75
-239,709.75

1,100,343.12
3,038,334.45
4,138,677.58

Projected Statement of Financial Po

For the Year ended December 31, 2017,2018,2019,2020,2021
(Amount shown in Philippine Peso)
Assets

2017

Current Assets
Cash
Inventories(ending Inventory)
Total Current Assets

1,104,909
94,140
1,199,049

Non- Current Assets

Property,Plant and Equipment( net )
Office Equipment(net)
Furniture and Fixture(net)
Delivery Equipment(net)
Total Non-Current Asset
Total Assets

14,599.30
48,542.40
405,000.00
468,141.70
1,667,190.20

Liabilities and Partners Equity

Current Liability
Partners Equity
Lacorte, Capital
Villarin, Capital
Elopre, Capital
Quiton, Capital
Beboso, Capital
Total Equity
Total Liabilities and Equity

144,513.65

304,535.31
304,535.31
304,535.31
304,535.31
304,535.31
1,522,676.55
1,667,190.20

City Textile
Projected Statement of Financial Position
mber 31, 2017,2018,2019,2020,2021
mount shown in Philippine Peso)
2018

2019

2020

2021

1,550,878
131,796
1,682,674

2,188,658
161,921
2,350,579

3,038,334
195,058
3,233,392

4,138,677.6
234,220.0
4,372,897.6

10,199.6
43,148.8
360,000.0
413,348.4
2,096,021.6

5,799.9
37,755.2
315,000.0
358,555.1
2,709,133.9

1,400.2
32,361.6
270,000.0
303,761.8
3,537,154.2

-2,999.5
26,968.0
225,000.0
248,968.5
4,621,866.1

200,004.2

283,645.2

387,790.5

513,663.7

379,203.5
379,203.5
379,203.5
379,203.5
379,203.5
1,896,017.39
2,096,021.6

485,097.7
485,097.7
485,097.7
485,097.7
485,097.7
2,425,488.39
2,709,133.9

629,872.8
629,872.8
629,872.8
629,872.8
629,872.8
3,149,364.05
3,537,154.2

8,216,406.6
8,216,406.6
8,216,406.6
8,216,406.6
8,216,406.6
4,108,203.04
4,621,866.1