financial feasibility

TABLE 22FINANCIAL STATEMENTS

VEGGETSProjected Statement of Financial Position

As of the years ended 2017, 2018, 2019, 2020, 20212017 2018 2019 2020 2021

ASSETSACURRENT ASSETSCash 203,410.79 307,781.36 449,508.47 620,953.25 823,607.46Office Supplies Inventory 516.60 1,059.03 1,628.58 2,226.61 2,854.54Merchandise Inventory 122,640.00 128,772.00 135,210.60 141,971.13 149,070.62Cleaning Supplies Inventory 672.00 1,377.60 2,118.48 2,896.40 3,713.22Total Current Assets 327,239.39 438,989.99 588,466.13 768,047.40 979,245.85NON-CURRENT ASSETSMachineries & Equipment 68,370.00 68,370.00 68,370.00 68,370.00 68,370.00Less: Accumulated Depreciation (8,039.98) (16,079.95) (24,119.93) (32,159.90) (40,199.88)Furniture and Fixtures 49,220.00 49,220.00 49,220.00 49,220.00 49,220.00Less: Accumulated Depreciation (7,031.43) (14,062.86) (21,094.29) (28,125.71) (35,157.14)Total Non-Current Assets 102,518.60 87,447.19 72,375.79 57,304.38 42,232.98TOTAL ASSETS 429,757.99 526,437.18 660,841.92 825,351.78 1,021,478.83

LIABLITIESSSS Payable 966.70 966.70 966.70 966.70 966.70Withholding Taxes Payable 1,726.34 1,726.34 1,726.34 1,726.34 1,726.34PhilHealth Payable 250.00 250.00 250.00 250.00 250.00HDMF Payable 200.00 200.00 200.00 200.00 200.00Income Tax Payable 37,984.48 40,399.10 52,441.15 65,085.30 78,363.71TOTAL LIABILITIES 41,127.52 43,542.14 55,584.19 68,228.34 81,506.75

EQUITYTOTAL EQUITY 388,630.46 482,895.03 605,257.72 757,123.44 939,972.08TOTAL LIABILITIES AND EQUITY 429,757.99 526,437.18 660,841.92 825,351.78 1,021,478.83

TABLE 23

VEGGETSStatement of Comprehensive Income

For the years ended 2017, 2018, 2019, 2020 and 20212017 2018 2019 2020 2021

Net Sales 2,520,000.00 2,646,000.00 2,778,300.00 2,917,215.00 3,063,095.00Less: Cost of Goods Sold 1,629,360.00 1,710,828.00 1,796,369.40 1,886,187.87 1,980,509.71Gross Profit 890,640.00 935,172.00 981,930.60 1,031,027.13 1,082,585.29Less: Operating Expenses

Salaries Expense 362,160.00 392,340.00 392,340.00 392,340.00 392,340.00Rent Expense 240,000.00 240,000.00 240,000.00 240,000.00 240,000.00Office Supplies Expense 4,649.40 4,881.87 5,125.96 5,382.26 5,651.37Cleaning Expense 6,048.00 6,350.40 6,667.92 7,001.32 7,351.38Advertising Expense 3,180.00 3,339.00 3,505.95 3,681.25 3,865.31Depreciation Expense - Machineries & Equip. 8,039.98 8,039.98 8,039.98 8,039.98 8,039.98Depreciation Expense - Furniture & Fixtures 7,031.43 7,031.43 7,031.43 7,031.43 7,031.43Utilities Expense 112,188.00 117,797.40 123,687.27 129,871.63 136,365.22Permits and Licenses Expense 12,127.25 12,127.25 12,127.25 12,127.25 12,127.25Miscellaneous Expense 8,601.00 8,601.00 8,601.00 8,601.00 8,601.00

Total Operating Expense 764,025.05 800,508.32 807,126.76 814,076.11 821,372.94Net Income Before Tax 126,614.95 134,663.68 174,803.84 216,951.02 261,212.35Less: Income Tax Expense 37,984.48 40,399.10 52,441.15 65,085.30 78,363.71Net Income After Tax 88,630.46 94,264.57 122,362.69 151,865.71 182,848.65

TABLE 24

VEGGETSProjected Statement of Cash Flows

For the years ended 2017, 2018, 2019, 2020, 20212,016.00 2,017.00 2,018.00 2,019.00 2,020.00

Cash Flow from Operating ActivitiesReceipt from Sales 2,520,000.00 2,646,000.00 2,778,300.00 2,917,215.00 3,063,095.00Payment for Merchandise Inventory (1,752,000.00) (1,716,960.00) (1,802,808.00) (1,892,948.40) (1,987,609.20)Payment for Net Salaries (324,443.52) (354,623.52) (354,623.52) (354,623.52) (354,623.52)Payment for Salary Deductions (34,573.44) (37,716.48) (37,716.48) (37,716.48) (37,716.48)Payment for Rent (240,000.00) (240,000.00) (240,000.00) (240,000.00) (240,000.00)Payment for Office Supplies (5,166.00) (5,424.30) (5,695.52) (5,980.29) (6,279.31)Payment for Cleaning Supplies (6,720.00) (7,056.00) (7,408.80) (7,779.24) (8,168.20)Payment for Advertising (3,180.00) (3,339.00) (3,505.95) (3,681.25) (3,865.31)Payment for Utilities (112,188.00) (117,797.40) (123,687.27) (129,871.63) (136,365.22)Payment for Permits and Licenses (12,127.25) (12,127.25) (12,127.25) (12,127.25) (12,127.25)Payment for Miscellaneous (8,601.00) (8,601.00) (8,601.00) (8,601.00) (8,601.00)Payment for Income Tax - (37,984.48) (40,399.10) (52,441.15) (65,085.30)

Net Cash Provided by Operating Activities 21,000.79 104,370.57 141,727.11 171,444.79 202,654.21Net Cash Flow from Investing Activities

Purchase of Machineries & Equipment (68,370.00) - - - -Purchase of Furniture & Fixtures (49,220.00) - - - -

Net Cash Flow used for Investing Activities (117,590.00) - - - -Net Cash Flow from Financing Activities

Investment of Partners 300,000.00 - - - -Net Cash Flow used for Financing Activities 300,000.00 - - - -Net Cash Flow 203,410.79 104,370.57 141,727.11 171,444.79 202,654.21Beginning Cash Balance - 203,410.79 307,781.36 449,508.47 620,953.25ENDING CASH BALANCE 203,410.79 307,781.36 449,508.47 620,953.25 823,607.46

TABLE 25

VEGGETSProjected Statement of Changes Partners' Equity

For the year ended December 31, 2017Belamide,

Capital

Blas,

Capital

Brigino,

Capital

Castro,

Capital

Enriquez,

Capital

Hernandez,

Capital

Palogan,

Capital

Torres,

CapitalCapital, Beginning

37,500.00 37,500.00 37,500.00 37,500.00 37,500.00 37,500.00 37,500.00 37,500.00

Add: Net Income

11,078.81 11,078.81 11,078.81 11,078.81 11,078.81 11,078.81 11,078.81 11,078.81

Capital, Ending

48,578.81 48,578.81 48,578.81 48,578.81 48,578.81 48,578.81 48,578.81 48,578.81

TABLE 26



Capital

Blas,

Capital

Brigino,

Capital

Castro,

Capital

Enriquez,

Capital

Hernandez,

Capital

Palogan,

Capital

Torres,

Capital

Capital, Beginning

48,578.81 48,578.81 48,578.81 48,578.81 48,578.81 48,578.81 48,578.81 48,578.81

Add: Net Income

11,783.07 11,783.07 11,783.07 11,783.07 11,783.07 11,783.07 11,783.07 11,783.07

Capital, Ending

60,361.88 60,361.88 60,361.88 60,361.88 60,361.88 60,361.88 60,361.88 60,361.88

7

TABLE 27



Capital

Blas,

Capital

Brigino,

Capital

Castro,

Capital

Enriquez,

Capital

Hernandez,

Capital

Palogan,

Capital

Torres,

Capital

Capital, Beginning

60,361.88 60,361.88 60,361.88 60,361.88 60,361.88 60,361.88 60,361.88 60,361.88

Add: Net Income

15,295.34 15,295.34 15,295.34 15,295.34 15,295.34 15,295.34 15,295.34 15,295.34

Capital, Ending

75,657.22 75,657.22 75,657.22 75,657.22 75,657.22 75,657.22 75,657.22 75,657.22

TABLE 28



Capital

Blas,

Capital

Brigino,

Capital

Castro,

Capital

Enriquez,

Capital

Hernandez,

Capital

Palogan,

Capital

Torres,

Capital

Capital, Beginning

75,657.22 75,657.22 75,657.22 75,657.22 75,657.22 75,657.22 75,657.22 75,657.22

Add: Net Income

18,983.21 18,983.21 18,983.21 18,983.21 18,983.21 18,983.21 18,983.21 18,983.21

Capital, Ending

94,640.43 94,640.43 94,640.43 94,640.43 94,640.43 94,640.43 94,640.43 94,640.43

TABLE 29



Capital

Blas,

Capital

Brigino,

Capital

Castro,

Capital

Enriquez,

Capital

Hernandez,

Capital

Palogan,

Capital

Torres,

Capital

Capital, Beginning

94,640.43 94,640.43 94,640.43 94,640.43 94,640.43 94,640.43 94,640.43 94,640.43

Add: Net Income

22,856.08 22,856.08 22,856.08 22,856.08 22,856.08 22,856.08 22,856.08 22,856.08

Capital, Ending

117,496.51 117,496.51 117,496.51 117,496.51 117,496.51 117,496.51 117,496.51 117,496.51

TABLE 26SCHEDULE OF PROJECTED SALES 2017-2021

Net Sales

2018 2018 2018 2019 2020Selling Price 35.00 35.00 35.00 35.00 35.00

Quantity Sold 72000 75600 79380 83349 87517

Net Sales 2,520,000.00 2,646,000.00 2,778,300.00 2,917,215.00 3,063,095.00

TABLE 27

SCHEDULE OF COST OF GOODS SOLD

Cost of Goods Sold

2017 2018 2019 2020 2021Cost per Unit 22.63 22.63 22.63 22.63 22.63

Quantity Sold 72000 75600 79380 83349 87517

Cost of Goods Sold 1,629,360.00 1,710,828.00 1,796,369.40 1,886,187.87 1,980,509.71

TABLE 28.1

SCHEDULE OF PURCHASE INCREMENTS FOR 2016

Ingredients Price Per Unit Usage Per Unit Daily Cost Monthly Cost Annual Cost

Squash 40/ ½ kg 62.5 g 500 15,000 180,000Potatoes 40/ ½ kg 62.5 g 500 15,000 180,000Carrots 40/ ½ kg 62.5 g 500 15,000 180,000Flour 32/kg 1 tbsp. 100 3,000 36,000

Breadcrumbs 60/kg 2 tbsp. 100 3,000 36,000Eggs 20/5pcs. 1pc. 800 24,000 288,000

Ground Pork 80/kg 62.5 g 1062 31,860 382,320Garlic 40/kg ½ tbsp. 60 1,800 21,600Onion 40/kg ½ tbsp. 60 1,800 21,600

Cooking Oil 65/1L 25 ml 326 9,780 117,360Pepper 35/kg ½ tsp. 50 1,500 18,000

Salt 30/kg ¼ tbsp. 22 660 7,920Rice 2400/50kg 1 cup 1000 30,000 360,000Dip * * 446 13,380 160,560

TOTAL 4,526.00 135,780.00 1,629,360.00

TABLE 28.2



Squash 40/ ½ kg 62.5 g 525 15,750 18,9000Potatoes 40/ ½ kg 62.5 g 525 15,750 18,9000Carrots 40/ ½ kg 62.5 g 525 15,750 18,9000Flour 32/kg 1 tbsp. 105 3,150 37,800

Breadcrumbs 60/kg 2 tbsp. 105 3,150 37,800Eggs 20/5pcs. 1pc. 840 25,200 302,400

Ground Pork 80/kg 62.5 g 1,115.1 33,453 401,436Garlic 40/kg ½ tbsp. 63 1,890 22,680Onion 40/kg ½ tbsp. 63 1,890 22,680

Cooking Oil 65/1L 25 ml 342.3 10,269 123,228Pepper 35/kg ½ tsp. 52.5 1,575 18,900

Salt 30/kg ¼ tbsp. 23.1 693 8,316Rice 2400/50kg 1 cup 1,050 31,500 378,000Dip * * 468.3 14,049 168,588

TOTAL 4,752.3 142,569 1,710,828

TABLE 28.3



Squash 40/ ½ kg 62.5 g 551.25 16,537.5 198,450Potatoes 40/ ½ kg 62.5 g 551.25 16,537.5 198,450Carrots 40/ ½ kg 62.5 g 551.25 16,537.5 198,450Flour 32/kg 1 tbsp. 110.25 3,307.5 39,690

Breadcrumbs 60/kg 2 tbsp. 110.25 3,307.5 39,690Eggs 20/5pcs. 1pc. 882 26,460 317,520

Ground Pork 80/kg 62.5 g 1,170.86 35,125.65 421,507.8Garlic 40/kg ½ tbsp. 66.15 1,984.5 23,814Onion 40/kg ½ tbsp. 66.15 1,984.5 23,814

Cooking Oil 65/1L 25 ml 359.415 10,782.45 129,389.4Pepper 35/kg ½ tsp. 55.125 1,653.75 19,845

Salt 30/kg ¼ tbsp. 24.255 727.65 8,731.8Rice 2400/50kg 1 cup 1,102.5 33,075 396,900Dip * * 491.715 14,751.45 177,017.4

TOTAL 4,989.92 149,697.5 1,796,369

TABLE 28.4



Squash 40/ ½ kg 62.5 g 578.813 17,364.38 208,372.5Potatoes 40/ ½ kg 62.5 g 578.813 17,364.38 208,372.5Carrots 40/ ½ kg 62.5 g 578.813 17,364.38 208,372.5Flour 32/kg 1 tbsp. 115.763 3,472.875 41,674.5

Breadcrumbs 60/kg 2 tbsp. 115.763 3,472.875 41,674.5Eggs 20/5pcs. 1pc. 926.1 27,783 333,396

Ground Pork 80/kg 62.5 g 1229.4 36,881.93 442,583.2Garlic 40/kg ½ tbsp. 69.4575 2,083.725 25,004.7Onion 40/kg ½ tbsp. 69.4575 2,083.725 25,004.7

Cooking Oil 65/1L 25 ml 377.386 11,321.57 135,858.9Pepper 35/kg ½ tsp. 57.8813 1,736.438 20,837.25

Salt 30/kg ¼ tbsp. 25.4678 764.0325 9,168.39Rice 2400/50kg 1 cup 1157.63 34,728.75 416,745Dip * * 516.301 15,489.02 185,868.3

TOTAL 5,239.42 157,182.4 1,886,187

TABLE 28.5



Squash 40/ ½ kg 62.5 g 607.754 18,232.6 218,791.1Potatoes 40/ ½ kg 62.5 g 607.754 18,232.6 218,791.1Carrots 40/ ½ kg 62.5 g 607.754 18,232.6 218,791.1Flour 32/kg 1 tbsp. 121.551 3,646.519 43,758.23

Breadcrumbs 60/kg 2 tbsp. 121.551 3,646.519 43,758.23Eggs 20/5pcs. 1pc. 972.405 29,172.15 350,065.8

Ground Pork 80/kg 62.5 g 1,290.87 38,726.03 464,712.4Garlic 40/kg ½ tbsp. 72.9304 2,187.911 26,254.94Onion 40/kg ½ tbsp. 72.9304 2,187.911 26,254.94

Cooking Oil 65/1L 25 ml 396.255 11,887.65 142,651.8Pepper 35/kg ½ tsp. 60.7754 1,823.26 21,879.11

Salt 30/kg ¼ tbsp. 26.7412 802.2341 9,626.81Rice 2400/50kg 1 cup 1,215.51 36,465.19 437,582.3Dip * * 5,42.116 16,263.47 195,161.7

TOTAL 5,501.39 165,041.5 1,980,509.71

TABLE 29

SCHEDULE OF EMPLOYEE SALARIES AND CONTRIBUTIONS

Schedule of Employee Salaries

POSITION No. of EE Monthly Salary

Annual Salary 2017 2018 2019 2020 2021

Cook 1 15,750.00 189,000.00 189,000.00 189,000.00 189,000.00 189,000.00 189,000.00

Crew 1 14,430.00 173,160.00 173,160.00 173,160.00 173,160.00 173,160.00 173,160.00

TOTAL 2 30,180.00 362,160.00 362,160.00 362,160.00 362,160.00 362,160.00 362,160.00

TABLE 30

SALARIES EXPENSE

Salaries ExpenseCook 15,750.00Crew 14,430.00

Total Monthly Salary 30,180.00No. of months 12

Annual Salary, 2018 362,160.00

Total Monthly Salary 30,180.00No. of months 13

Annual Salary, 2018-2020 392,340.00

TABLE 31

SCHEDULE OF THE 13TH MONTH PAY

Schedule of the 13th Month Pay

POSITION No. of EE Monthly Salary

Annual Salary 2017 2018 2019 2020 2021

Cook 1 15,750.00 189,000.00 - 15,750.00 15,750.00 15,750.00 15,750.00Crew 1 14,430.00 173,160.00 - 14,430.00 14,430.00 14,430.00 14,430.00

TOTAL 2 30,180.00 362,160.00 - 30,180.00 30,180.00 30,180.00 30,180.00

TABLE 32

SCHEDULE OF SSS CONTRIBUTION

Schedule of SSS ContributionER Share – Open

POSITIONNo. of EE

Monthly Salary

ERShare

EEShare TOTAL 2017 2018 2019 2020 2021

Cook 1 15,750.00 1,060.00 500.00 1,560.00 18,720.00 18,720.00 18,720.00 18,720.00 18,720.00Crew 1 14,430.00 989.30 466.70 1,456.00 17,472.00 17,472.00 17,472.00 17,472.00 17,472.00

TOTAL 2 30,180.00 1,999.3 966.7 3,016.00 36,192.00 36,192.00 36,192.00 36,192.00 36,192.00

TABLE 33

SCHEDULE OF PHILHEALTH CONTRIBUTION

Schedule of PhilHealth ContributionER Share – Open

POSITION No. of EE

Monthly Salary

ERShare

EEShare TOTAL 2017 2018 2019 2020 2021

Cook 1 15,750.00 125.00 125.00 250.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00Crew 1 14,430.00 125.00 125.00 250.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00

TOTAL 2 30,180.00 250.00 250.00 500.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00

TABLE 34

SCHEDULE OF PAG-IBIG CONTRIBUTION

Schedule of Pag-Ibig ContributionER Share – Open

POSITION No. of EE

Monthly Salary

ERShare

EEShare TOTAL 2017 2018 2019 2020 2021

Cook 1 15,750.00 100.00 100.00 200.00 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00Crew 1 14,430.00 100.00 100.00 200.00 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00

TOTAL 2 30,180.00 200.00 200.00 400.00 4,800.00 4,800.00 4,800.00 4,800.00 4,800.00

TABLE 35

SCHEDULE OF MONTHLY CONTRIBUTION

MONTHLY CONTRIBUTIONSSS Payable Philhealth Payable Pag-ibig Payable Withholding Tax Payable

Cook 500.00 125.00 100.00 929.17

Crew 466.70 125.00 100.00 797.17

Total 966.70 250.00 200.00 1,726.34

TABLE 36

SCHEDULE OF OFFICE SUPPLIES INVENTORY

Office Supplies Inventory

Year Beginning Inventory Purchases Expense Ending

Inventory2017 - 5,166.00 4,649.40 516.60

2018 516.60 5,424.30 4,881.87 1,059.03

2019 1,059.03 5,695.52 5,125.96 1,628.58

2020 1,628.58 5,980.29 5,382.26 2,226.61

2021 2,226.61 6,279.31 5,651.37 2,854.54

TABLE 37

SCHEDULE OF OFFICE CLEANING SUPPLIES EXPENSE INVENTORY

Cleaning Supplies Expense Inventory


Inventory2017 - 6,720.00 6,048.00 672.002018 672.00 7,056.00 6,350.40 1,377.602019 1,377.60 7,408.80 6,667.92 2,118.482020 2,118.48 7,779.24 7,001.32 2,896.402021 2,896.40 8,168.20 7,351.38 3,713.22

TABLE 38

SCHEDULE OF MERCHANDISE INVENTORY

Merchandise Inventory


Inventory2017 - 1,752,000.00 1,629,360.00 122,640.002018 122,640.00 1,716,960.00 1,710,828.00 128,772.002019 128,772.00 1,802,808.00 1,796,369.40 135,210.602020 135,210.60 1,892,948.40 1,886,187.87 141,971.132021 141,971.13 1,987,609.20 1,980,509.71 149,070.62

TABLE 39

SCHEDULE OF SUPPLIES

CLEANING SUPPLIESCOST MONTHLY COST ANNUAL COST

Pot holder 10.00 20.00 240.00Cleaning Towel 10.00 30.00 360.00

Sponge 8.00 16.00 192.00Dishwashing liquid 25.00 25.00 300.00

Mop 99.00 99.00 1,188.00Broom 45.00 45.00 540.00

Dust pan 50.00 50.00 600.00Sanitizer 125.00 125.00 1,500.00Tissue 25.00 150.00 1,800.00TOTAL 397.00 560.00 P6,720.00

OFFICE SUPPLIESCOST MONTHLY COST ANNUAL COST

Calculator 50.00 50.00 600.00Ballpen 5.00 50.00 600.00Stapler 29.75 29.75 357.00

Staple wires 3.75 18.75 225.00Bond paper 232.00 232.00 2,784.00

Logbook 50.00 50.00 600.00TOTAL P370.50 P430.50 P5,166.00

TABLE 40

SCHEDULE OF RENT EXPENSE

YEARSTORE RENT OFFICE RENT

TOTALMONTHLY RENT

ANNUAL

MONTHLY RENT

ANNUAL 2017 8,000 96,000 12,000 144,000 156,000

2018 8,000 96,000 12,000 144,000 156,0002019 8,000 96,000 12,000 144,000 156,0002020 8,000 96,000 12,000 144,000 156,0002021 8,000 96,000 12,000 144,000 156,000

TABLE 41

SCHEDULE OF PERMITS AND LICENSES EXPENSE

PERMITS 2017 2018 2019 2020 2021SEC 540.00 540.00 540.00 540.00 540.00BFAD 1, 500.00 1, 500.00 1, 500.00 1, 500.00 1, 500.00BIR 515.00 515.00 515.00 515.00 515.00Mayor’s Permit Fee 4, 000.00 4, 000.00 4, 000.00 4, 000.00 4, 000.00Barangay Clearance 50.00 50.00 50.00 50.00 50.00Business Plate Sticker 150.00 150.00 150.00 150.00 150.00BMBE Registration 1, 000.00 1, 000.00 1, 000.00 1, 000.00 1, 000.00Sanitary Inspection Fee 50.00 50.00 50.00 50.00 50.00Medical/Health Fee 10.00 10.00 10.00 10.00 10.00Environmental Fee 1, 875.00 1, 875.00 1, 875.00 1, 875.00 1, 875.00Building Inspection Fee 160.00 160.00 160.00 160.00 160.00Electrical Inspection Fee 200.00 200.00 200.00 200.00 200.00Plumbing Inspection Fee 100.00 100.00 100.00 100.00 100.00Mechanical Inspection Fee 200.00 200.00 200.00 200.00 200.00Fire Code: pd1185 1,287.25 1,287.25 1,287.25 1,287.25 1,287.25Forms Fee 150.00 150.00 150.00 150.00 150.00Signboard Fee 140.00 140.00 140.00 140.00 140.00Fire Permit Fee 200.00 200.00 200.00 200.00 200.00Other Fees 0.00 0.00 0.00 0.00 0.00

TOTAL 12, 127.25 12, 127.25 12, 127.25 12, 127.25 12, 127.25

TABLE 42

SCHEDULE OF UTILITIES EXPENSE

ITEM Qty Monthly Expense

Annual Expense 2017 2018 2019 2020 2021

Electricity 1 7,500.00 90,000.00 90,000 94,500 99,225 104,186.25 109,395.56

Water 1 850.00 10,200.00 10,200 10,710 11,245.5 11,807.78 12,398.14

Telecommunication 1 999 11,988.00 11,988 12,587.4 13,216.77 13,877.61 14,571.49

TOTAL 3 9,349 112,188 112,188 117,797.4 123,687.3 129,871.6 136,365.2

TABLE 43

SCHEDULE OF DEPRECIATION COST – MACHINERIES AND EQUIPMENT

Machineries & Equipment

Item Total Cost Useful Life 2017 2018 2019 2020 2021

Computer Set 15,500.00 5 3,100.00 3,100.00 3,100.00 3,100.00 3,100.00

Refrigerator 25,300.00 14 1,807.14 1,807.14 1,807.14 1,807.14 1,807.14

Exhaust Fan 620.00 10 62.00 62.00 62.00 62.00 62.00

Weighing Scale 250.00 12 20.83 20.83 20.83 20.83 20.83

Rice Cooker 3,800.00 5 760.00 760.00 760.00 760.00 760.00

Air Conditioner 13,600.00 10 1,360.00 1,360.00 1,360.00 1,360.00 1,360.00

Ceiling Fan 4,500.00 10 450.00 450.00 450.00 450.00 450.00

Electric Fry Pan 4,800.00 10 480 480 480 480 480

Depreciation Expense 8,039.98 8,039.98 8,039.98 8,039.98 8,039.98

Accumulated Depreciation 8,039.98 16,079.95 24,119.93 32,159.90 40,199.88

TABLE 44

SCHEDULE OF DEPRECIATION COST – FURNITURES AND FIXTURES

Furniture & Fixtures

Item Total Cost Useful Life 2017 2018 2019 2020 2021

Office Chair 16,000.00 7 2,285.71 2,285.71 2,285.71 2,285.71 2,285.71

Clock 300.00 7 42.86 42.86 42.86 42.86 42.86

Couch 8,500.00 7 1,214.29 1,214.29 1,214.29 1,214.29 1,214.29

Emergency Light 1,200.00 7 171.43 171.43 171.43 171.43 171.43

Monoblock Table 4,800.00 7 685.71 685.71 685.71 685.71 685.71

Monoblock Chair 3,920.00 7 560.00 560.00 560.00 560.00 560.00

Conference Table 14,500.00 7 2,071.43 2,071.43 2,071.43 2,071.43 2,071.43

Depreciation Expense 7,031.43 7,031.43 7,031.43 7,031.43 7,031.43Accumulated Depreciation 7,031.43 14,062.86 21,094.29 28,125.71 35,157.14

TABLE 45

SCHEDULE OF TOTAL DEPRECIATION EXPENSE

Schedule of Total Depreciation ExpenseDEPRECIATION 2017 2018 2019 2020 2021

Machineries and Equipment 8,039.98 8,039.98 8,039.98 8,039.98 8,039.98

Furniture and Fixtures 7,031.43 7,031.43 7,031.43 7,031.43 7,031.43

TOTAL 15,071.41 15,071.41 15,071.41 15,071.41 15,071.41

TABLE 46

SCHEDULE OF MISCELLANEOUS EXPENSE

ITEM QTY COST MONTHLY EXPENSE ANNUAL EXPENSEUtensils 1,901.00

Repair and Maintenance

125 6,000.00

Employee Uniform Polo Shirt Apron

2 250 500.002 100 200.00

TOTAL 8,601.00

TABLE 47

SCHEDULE OF ADVERTISING EXPENSE

ITEM QTY. COSTYEAR

2017 2018 2019 2020 2021Flyers/Discount Coupons 500 5 2,500 2,625 2,756.25 2,894.06 3,038.76

Posters [2x4 ft.] 2 90 180 189 198.45 208.37 218.79Signboards [3x5] 1 500 500 525 551.25 578.81 607.75

TOTAL 3,180 3,339 3,505.95 3,681.24 3,865.3

TABLE 48

BUSINESS TAX

COMPUTATION

YEAR2017 2018 2019 2020 2021

Business Taxes 37,743.71 39,915.14 51,883.78 64,263.86 77,473.98Tax Rate 30% 30% 30% 30% 30%

BUSINESS TAXES 11,323.11 11,974.54 15,565.13 19,279.16 23,242.19

TABLE 49

SCHEDULE OF OPERATING

EXPENSE

2017 2018 2019 2020Salaries Expense 362,160.00 392,340.00 392,340.00 392,340.00Rent Expense 240,000.00 240,000.00 240,000.00 240,000.00Office Supplies Expense 4,649.40 4,881.87 5,125.96 5,382.26Cleaning Expense 6,048.00 6,350.40 6,667.92 7,001.32Advertising Expense 3,180.00 3,339.00 3,505.95 3,681.25Depreciation Expense - Machineries & Equip. 8,039.98 8,039.98 8,039.98 8,039.98Depreciation Expense - Furniture & Fixtures 7,031.43 7,031.43 7,031.43 7,031.43Utilities Expense 112,188.00 117,797.40 123,687.27 129,871.63Permits and Licenses Expense 12,127.25 12,127.25 12,127.25 12,127.25Miscellaneous Expense 8,601.00 8,601.00 8,601.00 8,601.00Total Operating Expense 764,025.05 800,508.32 807,126.76 814,076.11

TABLE 50

BREAKEVEN ANALYSIS

MONTHLYFixed Costs:

Salaries Expense 30,180Rent Expense 20,000Permits and Licenses Expense 1,010.60Miscellaneous Expense 716.75Depreciation Expense - Machineries & Equip. 670Depreciation Expense - Furniture & Fixtures 585.95

Total Fixed Costs 53,163.30

Variable Costs:Cost of Goods Sold 135,780Income Tax Expense 3,165.37Office Supplies Expense 387.45Cleaning Expense 504Advertising Expense 205Utilities Expense 9,349

Total Variable Costs 149,450.82

PRICE 35BREAKEVEN UNIT PER MONTH 149,716.64

TABLE 51

COMMON SIZE STATEMENTS FOR BALANCE SHEET

YEAR

2017 2018 2019 2020 2021Total Assets 100% 100% 100% 100% 100%

Long Term Liabilities 0.0% 0.0% 0.0% 0.0% 0.0%

Total Liabilities 9.57% 8.27% 8.41% 8.27% 7.98%

TABLE 52

COMMON SIZE STATEMENTS FOR INCOME STATEMENT

YEAR

2017 2018 2019 2020 2021Revenue 100% 100% 100% 100% 100%

Cost of Sales 64.66% 64.66% 64.66% 64.66% 64.66%

Gross Profit 35.34% 35.34% 35.34% 35.34% 35.34%

Operating Expenses 30.31% 30.25% 29.05% 27.91% 26.82%

Profit Before Taxes 5.02% 5.09% 6.29% 7.44% 8.53%

Net Profit 3.52% 3.56% 4.40% 5.21% 5.97%

TABLE 53

SCHEDULE OF RETURN ON SALES

Return on Sales (ROS)2017 2018 2019 2020 2021

Net Income 88,630.46 94,264.57 122,362.69 151,865.71 182,848.65

Net Sales 2,520,000.00 2,646,000.00 2,778,300.00 2,917,215.00 3,063,095.00

Return on Sales 3.52% 3.56% 4.40% 5.21% 5.97%

TABLE 54

SCHEDULE OF RETURN ON ASSETS

Return on Total Assets (ROA)2017 2018 2019 2020 2021

Net Income 88,630.46 94,264.57 122,362.69 151,865.71 182,848.65

Average Total Assets 214,878.99 478,097.58 593,639.55 743,096.85 923,415.30

Return on Total Assets 41.25% 19.72% 20.61% 20.44% 19.80%

Beginning Total Assets - 429,757.99 526,437.18 660,841.92 825,351.78

Ending Total Assets 429,757.99 526,437.18 660,841.92 825,351.78 1,021,478.83


TABLE 55

SCHEDULE OF RETURN ON EQUITY

Return on Equity (ROE)2017 2018 2019 2020 2021

Net Income 88,630.46 94,264.57 122,362.69 151,865.71 182,848.65Average Capital 194,315.23 435,762.75 544,076.38 681,190.58 848,547.76

Return on Equity 45.61% 21.63% 22.49% 22.29% 21.55%

Beginning Capital - 388,630.46 482,895.03 605,257.72 757,123.44Ending Capital 388,630.46 482,895.03 605,257.72 757,123.44 939,972.08

Average Capital 194,315.23 435,762.75 544,076.38 681,190.58 848,547.76

TABLE 56

SCHEDULE OF INTERNAL RATE OF RETURNS

Internal Rate Return (IRR)Initial Investment (300,000.00)

Net Cash Inflows:

2017 (96,589.21)2018 104,370.572019 141,727.112020 171,444.792021 202,654.21IRR 13.83%

TABLE 57

SCHEDULE OF NET PRESENT VALUE

Net Present Value (NPV)Year Net Cash Inflows PV Factor Present Value2017 (96,589.21) 0.9091 (87,809.25)2018 104,370.57 0.8264 86,251.842019 141,727.11 0.7513 106,479.582020 171,444.79 0.683 117,096.792021 202,654.21 0.6209 125,828.00

PV of Net Cash Inflows 347,846.95Less: Investment 300,000.00Net Present Value 47,846.95

TABLE 58

PROFITABILITY INDEX

Profitability IndexPV of Net Cash Inflows 347,846.95Investment 300,000.00Profitability Index 1.159

TABLE 59

PAYBACK PERIOD

Year InvestmentNet Cash Inflows

Each Year Cumulative

0 (300,000.00) - (300,000.00)

1 (96,589.21) (396,589.21)

2 104,370.57 (292,218.64)

3 141,727.11 (150,491.53)

4 171,444.79 20,953.25

5 202,654.21 223,607.46

Payback Period = 3 years + (150,491.53/171,444.79)

Payback Period = 3.88 years

The payback period determines the length of time required for an investment to

recover its initial outlay in terms of profits or savings. This table shows that it would take

3.88 years for Veggets to recoup the owners investment based upon the sales of the

corresponding year.

LIQUIDITY RATIOS

TABLE 60.1Current Ratio

2017 2018 2019 2020 2021

Current Assets 327,239.39 438,989.99 588,466.13 768,047.40 979,245.85Current Liabilities 41,127.52 43,542.14 55,584.19 68,228.34 81,506.75Current Ratio 7.96 10.08 10.59 11.26 12.01

TABLE 60.2Working Capital

2017 2018 2019 2020 2021

Current Assets 327,239.39 438,989.99 588,466.13 768,047.40 979,245.85Current Liabilities 41,127.52 43,542.14 55,584.19 68,228.34 81,506.75Working Capital 286,111.87 395,447.84 532,881.94 699,819.05 897,739.11

TABLE 60.3Quick Ratio

2017 2018 2019 2020 2021

Quick Assets 204,599.39 310,217.99 453,255.53 626,076.27 830,175.23Current Liabilities 41,127.52 43,542.14 55,584.19 68,228.34 81,506.75Quick Ratio 4.97 7.12 8.15 9.18 10.19

SOLVENCY RATIO

TABLE 61.1Debt - Total Assets Ratio

2017 2018 2019 2020 2021Total Liabilities 41,127.52 43,542.14 55,584.19 68,228.34 81,506.75

Total Assets 429,757.99 526,437.18 660,841.92 825,351.78 1,021,478.83

Debt - Total Assets Ratio 0.10 0.08 0.08 0.08 0.08

TABLE 61.1Debt - Equity Ratio

2017 2018 2019 2020 2021

Total Liabilities 41,127.52 43,542.14 55,584.19 68,228.34 81,506.75

Total Capital 388,630.46 482,895.03 605,257.72 757,123.44 939,972.08

Debt - Equity Ratio 0.11 0.09 0.09 0.09 0.09

PROFITABILITY RATIOS TABLE 62.1

Gross Profit Ratio

2018 2018 2018 2019 2020Gross Profit 890,640.00 935,172.00 981,930.60 1,031,027.13 1,082,585.29Net Sales 2,520,000.00 2,646,000.00 2,778,300.00 2,917,215.00 3,063,095.00

Gross Profit Ratio 0.35 0.35 0.35 0.35 0.35

TABLE 62.2Profit Margin Ratio

2017 2018 2019 2020 2021

Net Income 88,630.46 94,264.57 122,362.69 151,865.71 182,848.65

Net Sales 2,520,000.00 2,646,000.00 2,778,300.00 2,917,215.00 3,063,095.00

Profit Margin Ratio 0.04 0.04 0.04 0.05 0.06

TABLE 62.3Operating Expense - Sales Ratio

2017 2018 2019 2020 2021Operating Expense 764,025.05 800,508.32 807,126.76 814,076.11 821,372.94

Net Sales 2,520,000.00 2,646,000.00 2,778,300.00 2,917,215.00 3,063,095.00Operating Expense

- Sales Ratio 0.30 0.30 0.29 0.28 0.27

TABLE 62.4Asset Turnover

2017 2018 2019 2020 2021Net Sales 2,520,000.00 2,646,000.00 2,778,300.00 2,917,215.00 3,063,095.00


Asset Turnover 41.10 21.05 21.05 21.05 21.05

Beginning Total Assets - 122,640.00 128,772.00 135,210.60 141,971.13

Ending Total Assets 122,640.00 128,772.00 135,210.60 141,971.13 149,070.62

Ave. Total Assets 61,320.00 125,706.00 131,991.30 138,590.87 145,520.88

financial feasibility

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