Establishment of PandeKalabasa

Income Statement
For the year ended December 31,2020-2024
2019 2020 2021
Sales 940,800.00 ₱ 987,840.00 ₱ 1,037,232.00
Less Cost of Sales 446,880.00 ₱ 469,224.00 ₱ 492,685.20
Gross Profit 493,920.00 ₱ 518,616.00 ₱ 544,546.80
Less Operating Expenses
Water Expense 3,600.00 ₱ 3,780.00 ₱ 3,969.00
Labor Expense 73,500.00 ₱ 77,175.00 ₱ 81,033.75
Transportation Expense 12,000.00
Cart Supplies 486.00 341,145.00 341,145.00
PagIbig, SSS, PhilHealth Expense ₱ - ₱ -
Utilities Expense 15,000.00 ₱ 15,750.00 ₱ 16,537.50
Promotional Expense 660.00 ₱ 693.00 ₱ 727.65
Total Operating Expense 105,246.00 ₱ 110,508.30 ₱ 116,033.72
Net Income ₱ 388,674.00 ₱ 408,107.70 ₱ 428,513.09
24 Annual Production
2022 2023 Price
₱ 1,089,093.60 ₱ 1,143,548.28 Net Sales
₱ 517,319.46 ₱ 543,185.43 No. of pieces per batch
₱ 571,774.14 ₱ 600,362.85 Production Cost
Cost of Sales
₱ 4,167.45 ₱ 4,375.82
₱ 85,085.44 ₱ 89,339.71

341,145.00 341,145.00
₱ - ₱ -
₱ 17,364.38 ₱ 18,232.59
₱ 764.03 ₱ 802.23
₱ 121,835.40 ₱ 127,927.17
₱ 449,938.74 ₱ 472,435.68
 23,520
₱ 15.00
₱ 352,800.00
80
₱ 1,555.00
446,880.00

496.5
496.5
 Establishment of PandeKalabasa
Statement of Cash Flow
For the year ended December 31,2020-2024
2020 2021 2022
OPENING BALANCE ₱ 420,874.00 ₱ 521,147.00
Initial Investment
Witholding Tax 20,200.00 20,200.00 20,200.00
Sales 940,800.00 987,840.00 1,037,232.00
CASH INFLOW 961,000.00 1,428,914.00 1,578,579.00
LESS CASH OUTFLOW
Pre-Operating Expense 0
Cost of Sales ₱ 446,880.00 469,224.00 492,685.20
Water Expense 3,600.00 3,780.00 3,969.00
Transportation Expense 73,500.00 77,175.00 81,033.75
Salary Expense 486.00 341,145.00 341,145.00
PagIbig, SSS, PhilHealth Expense - - -
Tools Expense 15,000.00 15,750.00 16,537.50
Promotional Expense 660.00 693.00 727.65
Total Cash Outflow 540,126.00 907,767.00 936,098.10
CLOSING BALANCE ₱ 420,874.00 ₱ 521,147.00 ₱ 642,480.90
024
2023 2024
₱ 642,480.90 ₱ 785,928.75

20,200.00 20,200.00
1,089,093.60 1,143,548.28
1,751,774.50 1,949,677.03

517,319.46 543,185.43
4,167.45 4,375.82
85,085.44 89,339.71
341,145.00 341,145.00
- -
17,364.38 18,232.59
764.03 802.23
965,845.76 997,080.79
₱ 785,928.75 ₱ 952,596.23
 Establishment of PandeKalabasa
Balance Sheet
As of December 31, 2020-2024

2020 2021 2022

ASSETS
Cash
Furnitures and Fixtures
Equipments
Building
Less Accumulated Depreciation
TOTAL ASSETS - - -

LIABILITIES AND OWNER'S EQUITY

PaoSig Bites
Witholding Tax 20,200.00 20,200.00 20,200.00
Organizational Cost
TOTAL LIABILITIES 20,200.00 20,200.00 20,200.00

OWNER'S EQUITY
Paosig, Capital
Sales 940,800.00 987,840.00 1,037,232.00

TOTAL LIABILITIES & CAPITAL 961,000.00 20,200.00 20,200.00

 2023 2024

- -

20,200.00 20,200.00

20,200.00 20,200.00

1,089,093.60 1,143,548.28

20,200.00 20,200.00
 Establishment of PandeKalabasa
Capitalization Schedule
For the Year Ended December 21, 2020

Cost
Rental
Pre-Operating Expense
Business Licenses
Transportation
Equipments
Furniture and Fixtures
Total Pre-Operating Expense ₱ -
Operating Expense (First 6 Months)
Cost of Sale
Water Bill Expense
Electricity Expense
Rent Expense
Transportation Expense ₱ 36,750.00
Salary Expense ₱ 243.00
Pag-IBIG, SSS, Philhealth Expense ₱ -
Supplies Expense Err:509
Tools Expense ₱ 7,500.00
Promotional Expense ₱ 330.00
Total Cash Outflow Err:509
CLOSING BALANCE Err:509