Financial Aspect
Financial Aspect
General Assumption
Business will start their operations on January 1, 2025
All amounts are in Philippine Peso
Business will operate 8 hours a day, 5 days a week.
Assets
Business will not assume for Accounts Receivable
Fixed assets will be depreciated using straight-line method.
Business will not acquire additional fixed asset for the next 5 years.
Supplies Inventory at the end of the year will be used up at the end of the year
Liabilities
All purchases will be paid in cash to reduce payables.
Business will only incur tax and government related liabilities.
Income tax will bein accordance to the TRAIN law.
The business will be VAT registered.
Equity
The owners will invest a total of Php 1,300,000.00
The owners will withdraw 10% of the net income at the year end.
Revenue/ Sales
Due to the limitations of data, number of customers will be derived from the maximum normal capacity of the business.
Revenue will increase % annually.
All revenues will be paid on cash basis.
The quantity of the sales is based on the 50% of the target market size (Supply and Demand Analysis)
Expenses
Expenses will increase 5% annually.
Salaries will increase 3% annually.
Product cost will include:
Depreciation of Service Furniture, Fixtures, and Equipment
Direct Labor
f the business.
Initial Capital and Expenses
(Amounts in Philippine Peso)
4,237.75
6,353,468.00
6,366,785.75
133,214.25
₱6,500,000.00
NOTES TO THE FINANCIAL STATEMENTS
Note 1 - Sales
2025 2026
Quantity 408,393 411,293
Price 179 181
TOTAL ₱73,102,347.00 ₱74,357,571.08
Prime Costs
Materials Cost 24,270,795.99 24,687,544.41
Direct Labor 513,480.00 528,884.40
Production Overhead
Depreciation Expense 575.71 575.71
Utilities Expense 36,756.00 38,593.80
Rent Expense 122,400.00 128,520.00
Total Cost of Goods Sold ₱24,944,007.70 ₱25,384,118.32
Direct Labor
13th Month Pay 42,790.00 44,073.70
SSS Contribution 71,887.20 74,043.82
PhilHealth Contribution 20,539.20 21,155.38
Pag-IBIG Contribution 10,269.60 10,577.69
Total Employee Benefits ₱145,486.00 ₱149,850.58
Note 5 - Supplies
No. of Units Unit Price
Office Supplies
Scissors 2 30
Ink 4 116.5
Record Book 1 60
Trash Can 2 70
Broom and Dustpan 1 120
Trash Bag 3 30
Mop 1 150
Light Bulb 10 60
Sticker Paper 2 34
Ballpen 5 5
Total Office Supply
Note 11 - Depreciation
6,673,832.75 6,785,006.54
₱2,224,610.92
6,673,832.75 9,009,617.45
2027 2028 2029
414,213 417,154 420,116
183 184 186
₱75,634,423.95 ₱76,933,066.61 ₱78,254,123.44
69.46 72.93
1,078.91 1,132.85
69.46 72.93
162.07 170.17
138.92 145.86
625.12 656.37
173.64 182.33
694.58 729.30
944.62 991.85
347.29 364.65
₱4,304.05 ₱4,519.25
231.53 243.10
173.64 182.33
1,111.32 1,166.89
69.46 72.93
694.58 729.30
347.29 364.65
347.29 364.65
1,097.43 1,152.30
₱4,072.52 ₱4,276.15
8,376.57 8,795.40
SPILLFIX Company
Projected Statement of Financial Performance
For the Years Ended December 31, 2025 -2029
2025 2026
OPERATING ACTIVITIES
Net Income Before Tax 44,492,218.31 45,233,376.92
Depreciation Expense 1,959.72 1,959.72
Unpaid VAT 2,522,030.97 2,565,336.20
Payment of VAT Payable - (2,522,030.97)
Unpaid Government Contributions 8,558.00 8,814.74
Payment of Government Contributions - (8,558.00)
Payment of Income Tax Payable (6,673,832.75) (9,009,617.45)
Net Cash Flow from Operating Activities ₱40,350,934.26 ₱36,269,281.16
INVESTING ACTIVITIES
Purchase of Noncurrent Asset
Property, Furniture and Equipments (16,951.00) -
Net Cash Flow from Investing Activities -₱16,951.00 -
FINANCING ACTIVITIES
Initial Investment
Partner 1, Capital 1,300,000.00 -
Partner 2, Capital 1,300,000.00 -
Partner 3, Capital 1,300,000.00 -
Partner 4, Capital 1,300,000.00 -
Partner 5. Capital 1,300,000.00 -
Partner's Withdrawal
Partner 1, Drawing (711,875.49) (723,734.03)
Partner 2, Drawing (711,875.49) (723,734.03)
Partner 3, Drawing (711,875.49) (723,734.03)
Partner 4, Drawing (711,875.49) (723,734.03)
Partner 5. Drawing (711,875.49) (723,734.03)
Net Cash Flow from Financing Activities ₱2,940,622.53 -₱3,618,670.15
NET CASH FLOW ₱43,274,605.80 ₱32,650,611.01
Beginning Cash Balance - ₱43,274,605.80
ENDING CASH BALANCE ₱43,274,605.80 ₱75,925,216.81
any -1
Statement
er 31, 2025 -2029
- - -
- - -
- - -
- - -
- - -
- - -
- - -
2025 2026
Partner 1, Capital
Beginning Balance 1,300,000.00 7,706,879.44
Net Income 35,593,774.65 36,186,701.54
Withdrawals (711,875.49) (723,734.03)
Ending Balance ₱7,706,879.44 ₱14,220,485.71
Partner 2, Capital
Beginning Balance 1,300,000.00 7,706,879.44
Net Income 35,593,774.65 36,186,701.54
Withdrawals (711,875.49) (723,734.03)
Ending Balance ₱7,706,879.44 ₱14,220,485.71
Partner 3, Capital
Beginning Balance 1,300,000.00 7,706,879.44
Net Income 35,593,774.65 36,186,701.54
Withdrawals (711,875.49) (723,734.03)
Ending Balance ₱7,706,879.44 ₱14,220,485.71
Partner 4, Capital
Beginning Balance 1,300,000.00 7,706,879.44
Net Income 35,593,774.65 36,186,701.54
Withdrawals (711,875.49) (723,734.03)
Ending Balance ₱7,706,879.44 ₱14,220,485.71
Partner 5, Capital
Beginning Balance 1,300,000.00 7,706,879.44
Net Income 35,593,774.65 36,186,701.54
Withdrawals (711,875.49) (723,734.03)
Ending Balance ₱7,706,879.44 ₱14,220,485.71
X Company -1
nt of Changes in Equity
December 31, 2025 -2029
₱0.00 ₱0.00
ny
ncial Position -1
31, 2025 -2029