MJ’s Home and Commercial Cl

Comparative Statement of Financ

As of December 31, 202
(in Philippine Peso

Sales
Less: Expenses
Permits & Licenses
Salaries Expense
Benefit Expense
Rent Expense
Advertising Expense
.Repair and Maintenance
Utilities Expense
Gas and Oil Expense
Office Supplies Expense
Cleaning Supplies Expense
Depreciation Expense-Cleaning Equipment
Depreciation Expense- Office Equipment
Depreciation Expense- Furniture and Fixture
Depreciation Expense- Service Vehicle
Miscellaneous Expense
Total Expenses
Income before taxes
Tax Expenses (30%)
Net Income

MJ’s Home and Co

 Comparative S
For the year D
(in P

Cash Flow from Operating Activities

Net Income
Add: depreciation
Depreciation Expense-Cleaning Equipment
Depreciation Expense- Office Equipment
Depreciation Expense- Furniture and Fixture
Depreciation Expense- Service Vehicle
Operating Income before changes in working capital
Decrease (increase) in current assets
Net Cash provided by operating activities

Cash flow from Investing Activities

Purchase of Property, Plant and Equipment
Net Cash provided by investing activities

Cash flow from Financing Activities

Investment of Owner
Drawings of Owner
Net Cash provided by financing activities

Net increase (decrease) in cash

Cash, beginning
Cash, ending

MJ’s Home and Commercial Cl

 Comparative Statement of Changes
For the year December 31,
(in Philippine Peso

Beginning Capital
Add: Net Income (Net Loss)
Total
Less: Drawings
Total Equity

MJ’s Home and Commercial Cl

Comparative Statement of Fina
As of December 31, 202
(in Philippine Peso

ASSETS
Current Assets
Cash
Rent Deposit
Office Supplies
Cleaning Supplies
Total Current Assets

Non-Current Assets
Cleaning Equipment
Accumulated Depreciation- CE
Office Equipment
 Accumulated Depreciation- OE
Furniture and Fixture
Accumulated Depreciation- FF
Service Vehicle
Accumulated Depreciation- SV
Total Non-Current Assets

TOTAL ASSETS

LIABILITIES AND EQUITY

Liabilities
Accounts Payable
Total Liability
Total Equity

TOTAL LIABILITIES AND EQUITY

MJ’s Home and Commercial Cl

Return on Investme

ROI
 MJ’s Home and Commercial Cleaning Services
Comparative Statement of Financial Performance
As of December 31, 2021 -2025
(in Philippine Peso)

2021 2022 2023

2,250,000.00 2,475,000.00 2,722,500.00

26,139.00
504,000.00 504,000.00 504,000.00
39,732.00 39,732.00 39,732.00
300,000.00 300,000.00 300,000.00
84,000.00 84,000.00 84,000.00
24,000.00 24,000.00 24,000.00
64,782.00 71,260.20 78,386.22
120,000.00 132,000.00 145,200.00
6,000.00 6,600.00 7,260.00
144,000.00 158,400.00 174,240.00
21,428.57 21,428.57 21,428.57
7,142.86 7,142.86 7,142.86
2,142.86 2,142.86 2,142.86
28,571.43 28,571.43 28,571.43
9,816.00 9,816.00 9,816.00
1,381,754.71 1,389,093.91 1,425,919.93
868,245.29 1,085,906.09 1,296,580.07
(260,473.59) (325,771.83) (388,974.02)
607,771.70 760,134.26 907,606.05

MJ’s Home and Commercial Cleaning Services

 Comparative Statement of Cash Flows
For the year December 31, 2021 -2025
(in Philippine Peso)

2021 2022 2023

607,771.70 760,134.26 907,606.05

21,428.57 21,428.57 21,428.57

7,142.86 7,142.86 7,142.86
2,142.86 2,142.86 2,142.86
28,571.43 28,571.43 28,571.43
667,057.41 819,419.97 966,891.76
(47,000.00)
620,057.41 819,419.97 966,891.76

(207,500.00) 0 0
(207,500.00) 0 0

750,000.00 0 0
(50,000.00) (50,000.00) (50,000.00)
700,000.00 (50,000.00) (50,000.00)

1,112,557.41 769,419.97 916,891.76

0 1,112,557.41 1,881,977.39
1,112,557.41 1,881,977.39 2,798,869.15

MJ’s Home and Commercial Cleaning Services

Comparative Statement of Changes in Owners' Equity
For the year December 31, 2021 -2025
(in Philippine Peso)

2021 2022 2023

750,000.00 1,307,771.70 2,017,905.96
607,771.70 760,134.26 907,606.05
1,357,771.70 2,067,905.96 2,925,512.01
(50,000.00) (50,000.00) (50,000.00)
₱ 1,307,771.70 ₱ 2,017,905.96 ₱ 2,875,512.01

MJ’s Home and Commercial Cleaning Services

Comparative Statement of Financial Position
As of December 31, 2021 -2025
(in Philippine Peso)

Year 1 Year 2 Year 3

1,112,557.41 1,881,977.39 2,798,869.15

25,000.00 25,000.00 25,000.00
10,000.00 10,000.00 10,000.00
12,000.00 12,000.00 12,000.00
₱ 1,159,557.41 ₱ 1,928,977.39 ₱ 2,845,869.15

150,000.00 150,000.00 150,000.00

(21,428.57) (42,857.14) (64,285.71)
50,000.00 50,000.00 50,000.00
 (7,142.86) (14,285.71) (21,428.57)
15,000.00 15,000.00 15,000.00
(2,142.86) (4,285.71) (6,428.57)
200,000.00 200,000.00 200,000.00
(28,571.43) (57,142.86) (85,714.29)
₱ 355,714.29 ₱ 296,428.57 ₱ 237,142.86

₱ 1,515,271.70 ₱ 2,225,405.96 ₱ 3,083,012.01

207,500.00 207,500.00 207,500.00

₱ 207,500.00 ₱ 207,500.00 ₱ 207,500.00
₱ 1,307,771.70 ₱ 2,017,905.96 ₱ 2,875,512.01

₱ 1,515,271.70 ₱ 2,225,405.96 ₱ 3,083,012.01

MJ’s Home and Commercial Cleaning Services

Return on Investment

Year 1 Year 2 Year 3

46.47% 45.71% 37.09%
2024 2025
2,994,750.00 3,294,225.00

504,000.00 504,000.00
39,732.00 39,732.00
300,000.00 300,000.00
84,000.00 84,000.00
24,000.00 24,000.00
86,224.84 94,847.33
159,720.00 175,692.00
7,986.00 8,784.60
191,664.00 210,830.40
21,428.57 21,428.57
7,142.86 7,142.86
2,142.86 2,142.86
28,571.43 28,571.43
9,816.00 9,816.00
1,466,428.56 1,510,988.04
1,528,321.44 1,783,236.96
(458,496.43) (534,971.09)
1,069,825.01 1,248,265.87
2024 2025

1,069,825.01 1,248,265.87

21,428.57 21,428.57
7,142.86 7,142.86
2,142.86 2,142.86
28,571.43 28,571.43
1,129,110.72 1,307,551.59

1,129,110.72 1,307,551.59

0 0
0 0

0 0
(50,000.00) (50,000.00)
(50,000.00) (50,000.00)

1,079,110.72 1,257,551.59
2,798,869.15 3,877,979.87
3,877,979.87 5,135,531.46
 2024 2025
2,875,512.01 3,895,337.02
1,069,825.01 1,248,265.87
3,945,337.02 5,143,602.89
(50,000.00) (50,000.00)
₱ 3,895,337.02 ₱ 5,093,602.89

Year 4 Year 5

3,877,979.87 5,135,531.46
25,000.00 25,000.00
10,000.00 10,000.00
12,000.00 12,000.00
₱ 3,924,979.87 ₱ 5,182,531.46

150,000.00 150,000.00
(85,714.29) (107,142.86)
50,000.00 50,000.00
 (28,571.43) (35,714.29)
15,000.00 15,000.00
(8,571.43) (10,714.29)
200,000.00 200,000.00
(114,285.71) (142,857.14)
₱ 177,857.14 ₱ 118,571.43

₱ 4,102,837.02 ₱ 5,301,102.89

207,500.00 207,500.00
₱ 207,500.00 ₱ 207,500.00
₱ 3,895,337.02 ₱ 5,093,602.89

₱ 4,102,837.02 ₱ 5,301,102.89

Year 4 Year 5
31.60% 27.77%
 PROJECTED COST
Pre-operating Expense
Permits & Licenses
Barangay 500.00
Cedula 150.00
Business engaged in service 2,600.00
Mayor’s Permit 2,500.00
Sanitary Permit 500.00
Health Permit Fee 500.00
Business Plate/Sticker 40.00
Zoning Clearance Fee 500.00
Annual Inspection Fee 800.00
Fire Inspection Fee – M.O. 06-2005 649.00
Fire Permit 350.00
Medical for 4 Workers 3,200.00
BIR Registration fee 500.00
Receipts 1,500.00
DTI 200.00
BFAD – License to operate 10,000.00
BFAD – Certificate of service 1,500.00
Books 150.00
Cleaning Supplies
Office Supplies
Rent Deposit
Repair and Maintenance
Subtotal
Fixed Assets
Cleaning Equipment
Office Equipment
Furnitures & Fixtures
Service Vehicle
Subtotal
Working Capital
Salaries Expense
Laborers 54,000.00
 For administrative 30,000.00
Benefit Expense
SSS = PHP 646
PhilHealth = < 10, 000
HDMF = PHP 181.8
Rent Expense
Utilities Expense
Electricity 6,000.00
Water 900.00
Wi-Fi Internet 3,000.00
Advertising
Vouchers and Giveaways 4,000.00
Advertising 3,000.00
Miscellaneous Expense
Gas and Oil Expense
Subtotal
Total Projected Cost
Total Projected Capital

PAYBACK PERIOD
Amount
Project Cost 632,823.00
2021 620,057.41
2022 819,419.97
2023 966,891.76
2024 1,129,110.72
2025 1,307,551.59

Payback period is 1.02 years

 26,139.00

10,000.00
500.00
25,000.00
2,000.00
₱ 63,639.00

150,000.00
50,000.00
15,000.00
200,000.00
₱ 415,000.00

84,000.00
 9,933.00

25,000.00
10,797.00

7,000.00

2,454.00
15,000.00
₱ 154,184.00
₱ 632,823.00
₱ 750,000.00

Balance Years

12,765.59 1.00
0.02

1.02 years