SMARTGLOW
STATEMENT OF FINANCIAL PERFORM
FOR PERIOD 20X1, 20X2, 20X3
NOTES
SALES
LESS: Cost of Goods Sold 1
Gross Profit X
Profit Margin X
Operating Expenses:
Salaries and Benefits 2
Rent X
Repairs and Maintenance X
Insurance X
Depreciation 3
Advertising X
Gas and Oil X
Office Supplies X
Power X
Water X
System X
Telephone & Internet X
Entertainment X
Miscellaneous X
Net Income Before Interest and taxes
SMARTGLOW
MENT OF FINANCIAL PERFORMANCE
OR PERIOD 20X1, 20X2, 20X3
YEAR
20X1 20X2 20X3
₱13,273,174.00 ₱14,335,027.92 ₱15,481,830.15
₱9,384,875.00 ₱9,947,967.50 ₱10,644,325.23
₱3,888,299.00 ₱4,387,060.42 ₱4,837,504.93
29% 31% 31%
₱ 1,568,760.00 ₱ 1,707,360.00 ₱ 1,859,820.00
₱ 360,000.00 ₱ 396,000.00 ₱ 435,600.00
₱ 60,000.00 ₱ 66,000.00 ₱ 72,600.00
₱ 25,000.00 ₱ 25,000.00 ₱ 25,000.00
₱ 273,024.00 ₱ 273,024.00 ₱ 273,024.00
₱ 360,000.00 ₱ 360,000.00 ₱ 360,000.00
₱ 240,000.00 ₱ 264,000.00 ₱ 290,400.00
₱ 65,000.00 ₱ 65,000.00 ₱ 65,000.00
₱ 150,000.00 ₱ 150,000.00 ₱ 150,000.00
₱ 36,000.00 ₱ 36,000.00 ₱ 36,000.00
₱ 36,000.00 ₱ 3,600.00 ₱ 36,000.00
₱ 32,388.00 ₱ 32,388.00 ₱ 32,388.00
₱ 30,000.00 ₱ 30,000.00 ₱ 30,000.00
₱ 12,000.00 ₱ 12,000.00 ₱ 12,000.00
₱ 640,127.00 ₱ 966,688.42 ₱ 1,159,672.93
Assumptions:
1. Company will grow by at least 8% per annum.
2. Employee salaries will be increased by 10% exclusive of the benefits.
3. Rent will increase by 10% per annum in a Rent-To-Own Scheme.
4. Gas Budget increases 10% yearly anticipating oil price hike.
NOTE 1: PRODUCT
ITEM: Smart Bulb
SELLING PRICE ₱ 1,800.00
MATERIAL COST: PRICE
LED chipset & controller (WiFi) ₱ 350.00
Aluminum heat sink ₱ 150.00
UV-resistant polycarbonate ₱ 100.00
Power regulation circuits ₱ 200.00
Assembly labor cost ₱ 250.00
Packaging and shipping ₱ 100.00
TOTAL PRODUCTION COST: ₱ 1,150.00
PROFIT PER UNIT: ₱ 650.00
PROFIT MARGIN: 36%
ITEM: Smart Switch
SELLING PRICE ₱ 2,500.00
MATERIAL COST: PRICE
Touch-sensitive panel ₱ 400.00
Smart WiFi controller ₱ 500.00
Power stabilization components ₱ 250.00
Surge protection circuits ₱ 300.00
Casing & insulation ₱ 200.00
Assembly labor cost ₱ 250.00
Packaging and shipping ₱ 100.00
TOTAL PRODUCTION COST: ₱ 2,000.00
PROFIT PER UNIT: ₱ 500.00
PROFIT MARGIN: 20%
ITEM: Smart Plug
SELLING PRICE ₱ 1,500.00
MATERIAL COST: PRICE
Smart relay module (WiFi) ₱ 300.00
Power management system ₱ 250.00
Heat-resistant casing ₱ 150.00
Safety components (surge protection) ₱ 200.00
Assembly labor cost ₱ 150.00
Packaging and shipping ₱ 100.00
TOTAL PRODUCTION COST: ₱ 1,150.00
PROFIT PER UNIT: ₱ 350.00
PROFIT MARGIN: 23%
ITEM: Basic Subscription
SELLING PRICE ₱ 99.00
MATERIAL COST: PRICE
Server Hosting ₱ 30.00
App Maintenance & Updates ₱ 20.00
Customer Support ₱ 10.00
Security & Data Management ₱ 10.00
Payment Processing Fee (3%) ₱ 10.00
TOTAL PRODUCTION COST: ₱ 80.00
PROFIT PER UNIT: ₱ 19.00
PROFIT MARGIN: 19%
ITEM: Standard Subscription
SELLING PRICE ₱ 199.00
MATERIAL COST: PRICE
Server Hosting ₱ 40.00
App Maintenance & Updates ₱ 35.00
Customer Support ₱ 10.00
Security & Data Management ₱ 20.00
AI Automation Features ₱ 30.00
Payment Processing Fee (3%) ₱ 10.00
TOTAL PRODUCTION COST: ₱ 145.00
PROFIT PER UNIT: ₱ 54.00
PROFIT MARGIN: 27%
ITEM: Premium Subscription
SELLING PRICE ₱ 299.00
MATERIAL COST: PRICE
Server Hosting ₱ 50.00
App Maintenance & Updates ₱ 35.00
Customer Support (Priority) ₱ 15.00
Security & Data Management ₱ 30.00
AI Automation & Voice Control ₱ 35.00
Smart Scheduling & Analytics ₱ 20.00
Payment Processing Fee (3%) ₱ 10.00
TOTAL PRODUCTION COST: ₱ 195.00
PROFIT PER UNIT: ₱ 104.00
PROFIT MARGIN: 35%
ITEM: Enterprise Subscription
SELLING PRICE ₱ 499.00
MATERIAL COST: PRICE
Dedicated Server Hosting ₱ 80.00
App Maintenance & Updates ₱ 50.00
24/7 Priority Customer Support ₱ 20.00
Security & Advanced Encryption ₱ 50.00
AI Automation & Voice Control ₱ 40.00
Smart Business Analytics ₱ 25.00
Multi-User Access & Admin Panel ₱ 30.00
Payment Processing Fee (3%) ₱ 20.00
TOTAL PRODUCTION COST: ₱ 315.00
PROFIT PER UNIT: ₱ 184.00
PROFIT MARGIN: 37%
TE 1: PRODUCTION COST PER MATERIAL
Annual Production Cost Summary
ITEM PRODUCTION COST
Smart Bulb ₱ 1,150.00
Smart Switch ₱ 2,000.00
Smart Plug ₱ 1,150.00
Basic Subscription ₱ 80.00
Standard Subscription ₱ 145.00
Premium Subscription ₱ 195.00
Enterprise Subscription ₱ 195.00
ction Cost Summary
QUANTITY (ANNUAL) TOTAL
2104 ₱ 2,419,600.00
2175 ₱ 4,350,000.00
1989 ₱ 2,287,350.00
1383 ₱ 110,640.00
892 ₱ 129,340.00
405 ₱ 78,975.00
46 ₱ 8,970.00
Total Production Cost ₱ 9,384,875.00
NOTE 2: EMPLOY
EMPLOYEE
Name
Tim Robin M. Remeticado
Rosenelle Grace Balili
Khim Harold Mesiona
EMPLOYEE
Name
Tim Robin M. Remeticado
Rosenelle Grace Balili
Khim Harold Mesiona
EMPLOYEE
Name
Tim Robin M. Remeticado
Rosenelle Grace Balili
Khim Harold Mesiona
NOTE 2: EMPLOYEE SALARY AND BEN
EMPLOYEE SALARY FOR YEAR 20X1
Position Salary
CEO/APP DEVELOPER ₱ 45,000.00
MARKETING SPECIALIST/CUSTOMER SUPPORT MANAGER ₱ 35,000.00
IT SUPPORT SPECIALIST ₱ 30,000.00
MONTHLY TOTAL ₱ 110,000.00
ANNUAL TOTAL ₱ 1,320,000.00
EMPLOYEE SALARY FOR YEAR 20X2
Position Salary
CEO/APP DEVELOPER ₱ 49,500.00
MARKETING SPECIALIST/CUSTOMER SUPPORT MANAGER ₱ 38,500.00
IT SUPPORT SPECIALIST ₱ 33,000.00
MONTHLY TOTAL ₱ 121,000.00
ANNUAL TOTAL ₱ 1,452,000.00
EMPLOYEE SALARY FOR YEAR 20X3
Position Salary
CEO/APP DEVELOPER ₱ 54,450.00
MARKETING SPECIALIST/CUSTOMER SUPPORT MANAGER ₱ 42,350.00
IT SUPPORT SPECIALIST ₱ 36,300.00
MONTHLY TOTAL ₱ 133,100.00
ANNUAL TOTAL ₱ 1,597,200.00
LARY AND BENEFITS
FOR YEAR 20X1
Benefits SSS PAGIBIG PhilHealth
₱ 3,000.00 ₱ 3,530.00 ₱ 400.00 ₱ 2,250.00
₱ 2,500.00 ₱ 1,750.00 ₱ 400.00 ₱ 1,750.00
₱ 2,000.00 ₱ 1,250.00 ₱ 400.00 ₱ 1,500.00
₱ 7,500.00 ₱ 6,530.00 ₱ 1,200.00 ₱ 5,500.00
₱ 90,000.00 ₱ 78,360.00 ₱ 14,400.00 ₱ 66,000.00
FOR YEAR 20X2
Benefits SSS PAGIBIG PhilHealth
₱ 3,000.00 ₱ 3,530.00 ₱ 400.00 ₱ 2,475.00
₱ 2,500.00 ₱ 1,750.00 ₱ 400.00 ₱ 1,925.00
₱ 2,000.00 ₱ 1,250.00 ₱ 400.00 ₱ 1,650.00
₱ 7,500.00 ₱ 6,530.00 ₱ 1,200.00 ₱ 6,050.00
₱ 90,000.00 ₱ 78,360.00 ₱ 14,400.00 ₱ 72,600.00
FOR YEAR 20X3
Benefits SSS PAGIBIG PhilHealth
₱ 3,000.00 ₱ 3,530.00 ₱ 400.00 ₱ 2,722.50
₱ 2,500.00 ₱ 1,750.00 ₱ 400.00 ₱ 2,117.50
₱ 2,000.00 ₱ 1,250.00 ₱ 400.00 ₱ 1,815.00
₱ 7,500.00 ₱ 6,530.00 ₱ 1,200.00 ₱ 6,655.00
₱ 90,000.00 ₱ 78,360.00 ₱ 14,400.00 ₱ 79,860.00
Total
₱ 54,180.00
₱ 41,400.00
₱ 35,150.00
₱ 130,730.00
₱ 1,568,760.00
Total
₱ 58,905.00
₱ 45,075.00
₱ 38,300.00
₱ 142,280.00
₱ 1,707,360.00
Total
₱ 64,102.50
₱ 49,117.50
₱ 41,765.00
₱ 154,985.00
₱ 1,859,820.00
NOTE 3: DEPRECIATION TABLE
Equipment Cost (PHP)
LED Chip Assembly Machine 500,000
PCB Soldering Station 120,000
Plastic Injection Molding Machine 750,000
Quality Testing Equipment 300,000
Packaging Machine 180,000
Cloud Server Hardware 400,000
3: DEPRECIATION TABLE
Depreciation Expense (DE) per
Useful Life (Years)
Year (PHP)
10 50,000
8 15,000
12 62,500
7 42,857
5 36,000
6 66,667
TOTAL 273,024
