CHAPTER VII

FINANCIAL STUDY

The financial aspect of the project feasibility study quantifies the result of all the

phase of the project study and expresses in peso terms the potable outcome of

operating the project.

Basically, project studies consist of the skillful coordination of various information

on all factors in the form of financial projections. It covers all the factors that are

pertinent to an intended venture having established the existence of a sample market

and the feasibility of the production facilities to supply the market, the investigation

move on the study of finance cost. What remains is to study the result of the market

and technical studies.

Objectives:

a. To make a realistic, complete, and conservative estimate of the total cost to put up a

project of its capital requirements,

b. To determine the amount of capital financing available and borrowings needed,

including possible source and terms,

c. To make complete, safe, and realistic projections of operating cost and revenues,

d. To determine the necessary financial arrangements to insure that the project will

have the cash it needs when required,

e. To determine the company’s earnings performance and the soundness and liquidity

of its financial positions.

MAJOR ASSUMPTIONS

Exhibit A

ISKOLARS' TAMBAYAN ENTERTAINMENT HUB

Projected Statement of Financial Position

As of the Year Ended December 31, 2013-2017

SCHEDULE 2013 2014 2015 2016 2017

ASSET

Current Assets

Cash on Hand 275,491.83 364,847.56 441,338.65 498,099.42 535,253.64

Cash in Bank 150,000.00 250,000.00 350,000.00 450,000.00 550,000.00

Office Supplies 725.94 544.45 408.34 306.25 229.69

Store Supplies 704.55 457.96 297.67 193.49 125.77

Prepaid Rent 75,000.00 75,000.00 75,000.00 75,000.00 75,000.00

Total Current Assets 501,922.31 690,849.97 867,044.66 1,023,599.16 1,160,609.10

Non-Current Assets

Audio-Visual Equipments 299,840.50 257,006.14 214,171.79 171,337.43 128,503.07

Less: Accumulated Depreciation-Audio-Visual Equipments 42,834.36 42,834.36 42,834.36 42,834.36 42,834.36

Furniture and Fixtures 39,899.00 31,919.20 23,939.40 15,959.60 7,979.80

Less: Accumulated Depreciation- Furnitures and Fixtures 7,979.80 7,979.80 7,979.80 7,979.80 7,979.80

Leasehold Improvements 166,900.00 150,210.00 133,520.00 116,830.00 100,140.00

Less: Accumulated Depreciation- Leasehold improvements 16,690.00 16,690.00 16,690.00 16,690.00 16,690.00

Total Non-Current Assets 439,135.34 371,631.19 304,127.03 236,622.87 169,118.71

Total Assets 941,057.66 1,062,481.15 1,171,171.69 1,260,222.03 1,329,727.82

LIABILITIES AND CAPITAL

SSS Payable 4,044.00 4,044.00 4,044.00 4,200.00 4,200.00

PhilHealth Payable 950.00 950.00 950.00 950.00 950.00

Pag-ibig Payable 1,545.60 1,545.60 1,545.60 1,616.64 1,616.64

Utilities Payable 10,500.00 10,911.60 11,339.33 11,783.84 12,245.76

Witholding Tax Payable 950.33 950.33 950.33 950.33 950.33

Income Tax Payable 5,062.68 7,795.68 10,898.57 13,768.19 16,648.69

Witholding Tax Payable for Rent 1,250.00 1,250.00 1,250.00 1,250.00 1,250.00

Non Refundable Security Deposit 75,000.00 75,000.00 75,000.00 75,000.00 75,000.00

Total Liabilities 99,302.61 102,447.21 105,977.83 109,518.99 112,861.42

PARTNER'S EQUITY

Culata, Zaileen's Capital 175,000.00 210,438.76 240,008.49 266,298.46 287,675.76

Lucero, Avegail's Capital 175,000.00 210,438.76 240,008.49 266,298.46 287,675.76

Pineda III, Tito's Capital 175,000.00 210,438.76 240,008.49 266,298.46 287,675.76

Velasco, Pauline Agnes' Capital 175,000.00 210,438.76 240,008.49 266,298.46 287,675.76

Net Income 141,755.05 218,278.90 305,159.91 385,509.18 466,163.35

Less: Withdrawal 100,000.00 200,000.00 300,000.00 400,000.00

Total Capital 841,755.05 960,033.95 1,065,193.86 1,150,703.04 1,216,866.39

Total Liabilities and Capital 941,057.66 1,062,481.15 1,171,171.69 1,260,222.03 1,329,727.82

EXHIBIT B

ISKOLARS’ TAMBAYAN ENTERTAINMENT HUB

STATEMENT OF REVENUES AND EXPENSES

FOR THE YEAR ENDED DECEMBER 31, 2013-3017

   

  SCHEDULE 2013 2014 2015 2016 2017

Service Revenue   1,267,260.11 1,381,248.61 1,507,151.00 1,646,152.43 1,765,523.93

             

Less: Operating Expenses            

Salaries Expense   446,174.04 446,174.04 446,174.04 463,626.84 463,626.84

SSS ER Contribution   33,128.40 33,128.40 33,128.40 34,399.20 34,399.20

PhilHealth ER Contribution   5,700.00 5,700.00 5,700.00 5,700.00 5,700.00

Pag-IBIG ER Contribution   9,273.60 9,273.60 9,273.60 9,273.60 9,699.84

13th Month Pay   38,640.00 38,640.00 38,640.00 40,185.60 40,185.60

Office Supplies   2,903.74 2,177.81 1,633.35 1,225.02 918.76

Store Supplies   2,013.00 1,308.45 850.49 552.82 359.33

Advertising Expenses   17,500.00 14,375.00 12,031.25 10,273.44 8,955.08

Utilities Expense   126,000.00 130,939.20 136,072.02 141,406.04 146,949.16

Rent Expenses   285,000.00 285,000.00 285,000.00 285,000.00 285,000.00

Depreciation Expense   67,504.16 67,504.16 67,504.16 67,504.16 67,504.16

Repairs and Maintenance Cost   - 5,000.00 5,000.00 5,000.00 5,000.00

Organizational Costs   1,215.00 500.00 500.00 500.00 500.00

Withholding Tax Expense-Employee   11,403.96 11,403.96 11,403.96 12,481.32 12,481.32

Withholding Tax Expense-Rent   15,000.00 15,000.00 15,000.00 15,000.00 15,000.00

Permits and Licenses   3,297.00 3,297.00 3,297.00 3,297.00 3,297.00

Total Operating Expenses   1,064,752.90 1,069,421.61 1,071,208.27 1,095,425.03 1,099,576.29

             

Income Before Tax   202,507.21 311,827.00 435,942.73 550,727.40 665,947.65

Income Tax (30%)   60,752.16 93,548.10 130,782.82 165,218.22 199,784.29

NET INCOME (LOSS)   141,755.05 218,278.90 305,159.91 385,509.18 466,163.35

EXHIBIT C

ISKOLARS’ TAMBAYAN ENTERTAINMENT HUB

PROJECTED STATEMENT OF PARTNER'S CAPITAL

FOR THE YEAR ENDED DECEMBER 31, 2013-3017

2013 2014 2015 2016 2017

Culata, Capital

Beginning Balance 175,000.00 210,438.76 240,008.49 266,298.46 287,675.76

Add: Income (Loss) 35,438.76 54,569.73 76,289.98 96,377.30 116,540.84

Less: Withdrawals - 25,000.00 50,000.00 75,000.00 100,000.00

Ending Balance 210,438.76 240,008.49 266,298.46 287,675.76 304,216.60

Lucero, Capital

Beginning Balance 175,000.00 210,438.76 240,008.49 266,298.46 287,675.76

Add: Income (Loss) 35,438.76 54,569.73 76,289.98 96,377.30 116,540.84

Less: Withdrawals - 25,000.00 50,000.00 75,000.00 100,000.00

Ending Balance 210,438.76 240,008.49 266,298.46 287,675.76 304,216.60

Pineda, Capital

Beginning Balance 175,000.00 210,438.76 240,008.49 266,298.46 287,675.76

Add: Income (Loss) 35,438.76 54,569.73 76,289.98 96,377.30 116,540.84

Less: Withdrawals - 25,000.00 50,000.00 75,000.00 100,000.00

Ending Balance 210,438.76 240,008.49 266,298.46 287,675.76 304,216.60

Velasco, Capital

Beginning Balance 175,000.00 210,438.76 240,008.49 266,298.46 287,675.76

Add: Income (Loss) 35,438.76 54,569.73 76,289.98 96,377.30 116,540.84

Less: Withdrawals - 25,000.00 50,000.00 75,000.00 100,000.00

Ending Balance 210,438.76 240,008.49 266,298.46 287,675.76 304,216.60

EXHIBIT D

ISKOLARS' TAMBAYAN ENTERTAINMENT HUB

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED DECEMBER 31, 2013-3017

  2013 2014 2015 2016 2017

NET INCOME 141,755.05 218,278.90 305,159.91 385,509.18 466,163.35

Collections from Bank   3,187.50 5,312.50 7,437.50 9,562.50

Add: Depreciation 67,504.16 67,504.16 67,504.16 67,504.16 67,504.16

TOTAL 209,259.20 285,783.06 372,664.06 453,013.34 533,667.51

Initial cash investment 700,000.00        

SSS Payable 4,044.00 - - 156.00 -

PhilHealth Payable 950.00 - - - -

Pag-ibig Payable 1,545.60 - - 71.04 -

Utilities Payable 10,500.00 411.60 427.73 444.50 461.93

Witholding Tax Payable 950.33 - - - -

Income Tax Payable 5,062.68 2,732.99 3,102.89 2,869.62 2,880.51

Witholding Tax Payable for Rent 1,250.00 - - - -

TOTAL 724,302.61 3,144.59 3,530.63 3,541.16 3,342.43

TOTAL SOURCES AVAILABLE FOR USE 933,561.81 288,927.65 376,194.69 456,554.50 537,009.94

USES OF FUNDS:          

Acquisition of Audio-visual Equipment 299,840.50 - - - -

Acquisitions for Furniture 39,899.00        

Acquisition for Leasehold Equipment 166,900.00        

Acquisition for Supplies 725.94 (181.48) (136.11) (102.08) (76.56)

Acquisition for Supplies 704.55 (246.59) (160.29) (104.19) (67.72)

Withdrawals - 100,000.00 200,000.00 300,000.00 400,000.00

Investments in Bank 150,000.00 100,000.00 100,000.00 100,000.00 100,000.00

TOTAL USES DEDUCTIONS TO SOURCE 658,069.99 199,571.92 299,703.60 399,793.73 499,855.72

TOTAL INCREASE IN CASH 275,491.83 89,355.73 76,491.09 56,760.77 37,154.23

Cash Beginning of Year 0 275,491.83 364,847.56 441,338.65 498,099.42

Cash, End of Year 275,491.83 364,847.56 441,338.65 498,099.42 535,253.64

CHAPTER VIII

SCHEDULES

SCHEDULE 2.1

ISKOLARS' TAMBAYAN ENTERTAINMENT HUB

Staffing and Costing

Monthly Salaries For the Years 2013-2015

PositionBasic

Monthly SSS Phil Health PagIbigWithholdin

g Monthly 13th

Net Annua

l

Pay ER EE EC ER EE ER EE TaxNet

SalaryMonth

PayPaym

ent

Manager 12,000.00 848.00 400.00 10.00 150.00 150.00 240.00 240.00 950.33 10,259.67 12,000.00135,11

6.04

Bookkeeper (On-call) 3,500.00 - - - - - - - - 3,500.00 -

42,000.00

Cashier 9,120.00 636.00 300.00 10.00 112.50 112.50 182.40 182.40 - 8,525.10 9,120.00111,42

1.20

Attendant 1 9,120.00 636.00 300.00 10.00 112.50 112.50 182.40 182.40 - 8,525.10 9,120.00111,42

1.20

Security Guard 8,400.00 600.70 283.30 10.00 100.00 100.00 168.00 168.00 - 7,848.70 8,400.00102,58

4.40

Total (monthly) 42,140.00 2,720.70 1,283.30 40.00 475.00 475.00 772.80 772.80 950.33 38,658.57

Total (annually) 505,680.00 32,648.40 15,399.60480.0

0 5,700.005,700.0

0 9,273.60 9,273.60 11,403.96463,902.8

4 38,640.00502,54

2.84

SCHEDULE 2.2

ISKOLARS' TAMBAYAN ENTERTAINMENT HUB

Staffing and Costing

Monthly Salaries For the Years 2016-2017

PositionBasic

MonthlySSS Phil Health Pag-Ibig

Withholding

Monthly

13thNet

Annual

Pay ER EE EC ER EE ER EE TaxNet

SalaryMonth

PayPayme

nt

Manager 12,480.00 883.30416.70

10.00

150.00

150.00

254.40

254.40

1,040.1110,618.

7912,480.

00139,905

.48Bookkeeper

(On-call)3,640.00 - - - - - - - -

3,640.00

-43,680.

00

Cashier 9,484.80 671.30316.70

10.00

112.50

112.50

189.60

189.60

-8,866.0

09,484.8

0115,876

.80

Attendant 1 9,484.80 671.30316.70

10.00

112.50

112.50

189.60

189.60

-8,866.0

09,484.8

0115,876

.80Security Guard

8,736.00 600.70283.30

10.00

100.00

100.00

174.72

174.72

-8,177.9

88,736.0

0106,871

.76

Total (monthly)

43,825.60 2,826.601,333.40

40.00

475.00

475.00

808.32

808.32

1,040.1140,168.

77

Total (annually)

525,907.2033,919.2

0

16,000.80

480.00

5,700.00

5,700.00

9,699.84

9,699.84

12,481.32

482,025.24

40,185.60

522,210.84

*ASSUMPTION: 4% Increase in salary starting from 2015 based on the inflation rate.

SCHEDULE NO. 3

SSS PAYABLE  2013 2014 2015 2016 2017

BEGINNING   2,760.70 2,760.70 2,760.70 2,760.70

ADD: AMOUNT TO BE REMITTED33,128.4

033,128.4

033,128.4

034,399.2

034,399.2

0

TOTAL33,128.4

035,889.1

035,889.1

037,159.9

037,159.9

0LESS: REMITTED SSS CONTRIBUTIONS

30,367.70

33,128.40

33,128.40

34,399.20

34,399.20

ENDING 2,760.70 2,760.70 2,760.70 2,760.70 2,760.70

SCHEDULE NO.4

SSS CONTRIBUTIONS

Position

2013 2014 2015 2016

ER EC EE ER EC EE ER EC EE ER EC EE

Manager 848.

00 10.0

0 400.0

0 848.

00 10.0

0 400.0

0 848.

00 10.0

0 400.0

0 883.

30 10.0

0 416.70

Cashier636.0

010.0

0 300.00

636.00

10.00

300.00636.0

010.0

0 300.00

671.30

10.00

316.70

Attendant 1636.0

010.0

0 300.00

636.00

10.00

300.00636.0

010.0

0 300.00

671.30

10.00

316.70

Security Guard

600.70

10.00

283.30600.7

010.0

0 283.30

600.70

10.00

283.30600.7

010.0

0 283.30

                         Total (monthly)

2,760.70

1,283.30 2,760.70 1,283.30 2,760.70 1,283.30 2,866.

60 1,333.40

Total (annually)

33,128.4015,399.6

0 33,128.

40 15,399.6

0 33,128.

40 15,399.6

034,399.20

16,000.80

SCHEDULE NO.5

PHILHEALTH PAYABLE

  2013 2014 2015 2016 2017

BEGINNING   475.00 475.00 475.00 475.00

ADD: AMOUNT TO BE REMITTED 5,700.00 5,700.00 5,700.00 5,700.00 5,700.00

TOTAL 5,700.00 6,175.00 6,175.00 6,175.00 6,175.00

LESS: REMITTED SSS CONTRIBUTIONS 5,225.00 5,700.00 5,700.00 5,700.00 5,700.00

ENDING 475.00 475.00 475.00 475.00 475.00

SCHEDULE NO. 6

PHILHEALTH CONTRIBUTIONS

Position 2013 2014 2015 2016

ER EE ER EE ER EE ER EE

Manager 150.00

150.00

150.00

150.00

150.00

150.00

150.00

150.00

150.00

Cashier 112.50 112.50 112.50 112.50 112.50 112.50 112.50 112.50

Attendant 1 112.50 112.50 112.50 112.50 112.50 112.50 112.50 112.50

Security Guard 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

                 

Total (Monthly) 475.0

0 475.0

0 475.0

0 475.0

0 475.0

0 475.0

0 475.0

0 475.0

0

Total (Annually) 5,700.0

0 5,700.0

0 5,700.00 5,700.00 5,700.00 5,700.00 5,700.00 5,700.00

SCHEDULE NO. 7

PAG-IBIG PAYABLE

  2013 2014 2015 2016 2017

BEGINNING   772.80 772.80 772.80 772.80

ADD: AMOUNT TO BE REMITTED9,273.60 9,273.60 19,399.68

19,399.68 19,399.68

TOTAL9,273.60

10,046.40 20,172.48

20,172.48 20,172.48

LESS: REMITTED SSS CONTRIBUTIONS8,500.80 9,273.60 19,399.68

19,399.68 19,399.68

ENDING772.80 772.80 772.80 772.80 772.80

SCHEDULE NO. 8

PAG-IBIG CONTRIBUTIONS

Position 2013 2014 2015 2016

ER EE ER EE ER EE ER EE ER

Manager 240.00

240.00 240.00 240.00 254.40 254.40 254.40 254.40 254.40

Cashier 182.40 182.40 182.40 182.40 189.60 189.60 189.60 189.60 189.60

Attendant 1 182.40 182.40 182.40 182.40 189.60 189.60 189.60 189.60 189.60

Security Guard 168.00 168.00 168.00 168.00 174.72 174.72 174.72 174.72 174.72

                 

Total (Monthly) 772.8

0 772.80 772.80 772.80

808.32

808.32

808.32

808.32

808.3

Total (Annually) 9,273.60 9,273.60 9,273.60 9,273.60 9,699.8

4 9,699.8

4 9,699.8

4 9,699.8

4 9,699.8

SCHEDULE NO. 9.1

SCHEDULE NO.9.2

SCHEDULE NO. 9.3

WITHHOLDING TAX EXPENSE - EMPLOYEE

Position 2013 2014 2015 2016 2017

Manager 11,403.96

11,403.96

11,403.96

12,481.32

12,481.32

TOTAL 10,453.63

11,403.96

11,403.96

12,481.32

12,481.32

           

WITHHOLDING TAX PAYABLE - RENT (5%)

  2013 2014 2015 2016 2017

Beginning Balance

-

3,750.00

3,750.00

3,750.00

3,750.00

Withholding Tax 15,000.00

15,000.00

15,000.00

15,000.00

15,000.00

Total Balance 15,000.00

18,750.00

18,750.00

18,750.00

18,750.00

Less: Payment 11,250.00

15,000.00

15,000.00

15,000.00

15,000.00

Ending Balance 3,750.00

3,750.00

3,750.00

3,750.00

3,750.00

WITHHOLDING TAX CONTRIBUTIONS

 2013 2014 2015 2016 2017

Yearly Withholding tax

10,453.63

11,403.96

11,403.96

12,481.32

12,481.32

Less: Year-end Payable

950.33

950.33

950.33

950.33

950.33

Payment 9,503.30

10,453.63

10,453.63

11,530.99

11,530.99

Add: Previous Payable

-

950.33

950.33

950.33

950.33

Payment 9,503.30

11,403.96

11,403.96

12,481.32

12,481.32

SCHEDULE NO. 10

INCOME TAX (30%)

  2013 2014 2015201

6201

7

Beginning Balance -

(12,311.73)

1,057.51    

Income tax for the year

(792.91)

25,001.81      

Total (792.91)

12,690.07      

Less: Payment 11,518.82

11,632.57      

Ending Balance (12,311.73)

1,057.51      

SCHEDULE NO. 11

AUDIO-VISUAL EQUIPMENTS

Description Quantity Unit CostDepreciable

CostUseful Life Annual Depreciation

Videoke-Karaoke 7 20,600.00 144,200.00 7 20,600.00

machine

Playstation3 500gb 2 13,500.00 27,000.00 7 3,857.14

Nintendo Wii Console 2 9,800.00 19,600.00 7 2,800.00

Xbox 360 4gb 2 12,800.00 25,600.00 7 3,657.14

Games Software 9 944.50 8,500.50 7 1,214.30

32 LCD TV 6 9,990.00 59,940.00 7 8,562.86

Computer Set 1 15, 000.00 15,000.00 7 2,142.86

TOTAL 

299,840.50 42,834.30

SCHEDULE NO. 12

FURNITURES AND FIXTURES

Description Quantity Unit Cost Depreciable CostUseful

LifeAnnual Depreciation

Bean Bags 6 2, 500.00 15,000.00 5 3,000.00

Pantry Table 1 1, 500.00 1,500.00 5 300.00

Stool Chairs 6 175.00 1,050.00 5 210.00

Office Table 1 1, 500.00 1,500.00 5 300.00

Office Chair 1 799.00 799.00 5 159.80 Window-type Air Conditioner 1 8,500.00 8,500.00 5 1,700.00

18” Orbit/ Ceiling Fan 7 1,200.00 8,400.00 5 1,680.00

8” Exhaust Fan 7 450.00 3,150.00 5 630.00

TOTAL     39,899.00   7,979.80

SCHEDULE NO.13

LEASEHOLD IMPROVEMENTS

Description Depreciable Cost Useful Life Annual Depreciation

Woodworks 50,800.00 10 5,080.00

Electrical 50,000.00 10 5,000.00

Flooring 22,400.00 10 2,240.00

Glass Panels 21,000.00 10 2,100.00

Paintworks 12,500.00 10 1,250.00

Others 10,200.00 10 1,020.00

TOTAL 166,900.00 16,690.00

SCHEDULE NO. 14

OFFICE SUPPLIES

Items Price No. of Units Total

Log Book 49.75 5 pcs. 248.75

Ball pen 35.00 2 dozen 70.00

Columnar 20.00 5 pcs. 100.00

Folder 78.25 2 packs 156.50

Fastener 35.00 2 boxes 70.00

Stapler 49.95 2 pcs. 99.90

Staple Wire 15.00 5 boxes 75.00

Scotch Utility Tape 40.00 3 pcs. 120.00

Calculator 250.00 2 pcs. 500.00

Payroll Envelope 17.75 4 packs 71.00

Puncher 180.00 1 pc. 180.00

Paper clip 8.25 5 boxes 41.25

Cutter 18.00 3 pcs. 54.00

Glue 34.75 2 pcs. 69.50

Scissors 39.75 3 pcs. 119.25

Sharpener 15.00 2 pcs. 30.00

Cash box 300.00 2 pcs. 600.00

Long Bond Papers 126.00 1 ream 126.00

Short Bond Papers 105.00 1 ream 105.00

Pencil 24.00 1 pack 24.00

Receipt Paper 14.53 3 pcs. 43.59

Total 2,903.74

SCHEDULE NO. 15

OFFICE SUPPLIES EXPENSEParticulars 2013 2014 2015 2016

Office Supplies, Beginning

-

725.94

544.45

408.34

Purchases 2,903.74

2,177.81

1,633.35

1,225.02

Less: Office Supplies, End

725.94

544.45

408.34

306.25

Office Supplies Expense

2,177.81

2,359.29

1,769.47

1,327.10

*ASSUMPTION: Office Supplies, end will be 25% of Purchases

SCHEDULE NO. 16

STORE SUPPLIESParticulars Unit Cost No. Of Units

Floor Mop 105 1Pail 30 1Rags 25 10Broom 55 2

Trash Bin 75 2

Dipper 19 1

Toilet Deodorizer 28 3

Detergent 480 1

Dust Pan 35 1Wall clock 250 1Attendants' Uniform 250 2Total    

SCHEDULE NO. 17

STORE SUPPLIES EXPENSE

Particulars 2013 2014 2015 2016

Store Supplies, Beginning - 704.55 457.96 297.67

Purchases 2,013.00 1,308.45 850.49 552.82

Less:Store Supplies, End 704.55 457.96 297.67 193.49

Store Supplies Expense 1,308.45 1,555.04 1,010.78 657.01

*ASSUMPTION: Store Supplies, end will be 35% of Purchases

SCHEDULE NO. 18

DEPRECIATION EXPENSES

Items Depreciable Cost Useful Life Annual Depreciation

Audio-Visual Equipment 299,840.50 7 42,834.36

Furniture and Fixtures 39,899.00 5

Leasehold Improvements 166,900.00 10 16,690.00

TOTAL 506,639.50   67,504.16

SCHEDULE NO. 19

SCHEDULE NO.20

ORGANIZATIONAL COST

Particulars 2013 2014 2015 2016 2017

SEC 550.00 - - - -

BIR 500.00 500.00 500.00 500.00 500.00

SSS 165.00 - - - -

TOTAL 1,215.00 500.00 500.00 500.00 500.00

SCHEDULE NO. 21

LICENSES AND PERMITS

Particulars 2013 2014 2015 2016

Repairs and Maintenance Expense

Particulars 2013 2014 2015 2016 2017Maintenance Cost  

5,000

5,000

5,000

5,000

TOTAL -

5,000

5,000

5,000

5,000

Mayor's Permit 600.00

600.00

600.00

600.00

Barangay Clearance 1,000.00

1,000.00

1,000.00

1,000.00

Building Plumbing and Electricity Inspection 175.00

175.00

175.00

175.00

Garbage Fee 384.00

384.00

384.00

384.00

Sanitary Fee 36.00

36.00

36.00

36.00

Signboard Fee 50.00

50.00

50.00

50.00

Business Sticker 50.00

50.00

50.00

50.00

Fire Clearance 102.00

102.00

102.00

102.00

Location Clearance 600.00

600.00

600.00

600.00

Business Plate 300.00

300.00

300.00

300.00

TOTAL 3,297.00

3,297.00

3,297.00

3,297.00

Note: Fire Clearance is equal to 10% of Mayors Permit, Garbage Fee and Sanitary FeeSCHEDULE NO. 22

Utilies Expense

Utility Monthly 2013 2014 2015 2016

Electricity 10,000.00 120,000.00 124,704.00 129,592.40 134,672.42

Water 500.00 6,000.00 6,235.20 6,479.62 6,733.62

Total 10,500.00 126,000.00 130,939.20 136,072.02 141,406.04

ASSUMPTION: Increase annually by 3.92%  

SCHEDULE NO. 23

Utilities Payable

  2013 2014 2015 2016

Yearly Utilities expense 126,000.00 130,939.20 136,072.02 141,406.04

Less: Year-end Payable 10,500.00 10,911.60 11,339.33 11,783.84

Payment 115,500.00 120,027.60 124,732.68 129,622.20

Add: Previous Payable - 10,500.00 10,911.60 11,339.33

Payment 115,500.00 130,527.60 135,644.28 140,961.54

SCHEDULE NO. 24.1

Advertising Expense

ParticularsQuantity Unit Cost Total Cost

Posters 250 pcs. 10/ Colored print 2,500.00

Flyers 1000 pcs. 10/ Colored print 10,000.00

Sound System 1 Set 5000/ day 5,000.00

Total     17,500.00

SCHEDULE NO. 24.2

ADVERTISING EXPENSES

Particulars 2013 2014 2015 2016

Posters 2,500.00 1,875.00 1,406.25 1,054.69

Flyers 10,000.00 7,500.00 5,625.00 4,218.75

Sound System 5,000.00 5,000.00 5,000.00 5,000.00

TOTAL 17,500.00 14,375.00 12,031.25 10,273.44 8,955.08

*ASSUMPTION: Advertising Expense will decrease by 25% every year

SCHEDULE NO.25

Rent Expense

 2013 2014 2015 2016 2017

Rent Expense 300,000.00 300,000.00 300,000.00 300,000.00 300,000.00

TOTAL 300,000.00 300,000.00 300,000.00 300,000.00 300,000.00

SCHEDULE NO. 26

PREPAID RENT

Particulars 2013 2014 2015 2016 2017

2 Months Advance 50,000.00 - - - -

1 Month Deposit 25,000.00 - - - -

TOTAL 75,000.00 - - - -