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National College of Business and Arts Bachelor of Science in Business Administration Department

The document is the statement of comprehensive income and cash flows for Auto Espasyo from 2019-2023. It shows that the company's net sales increased each year from ₱5.94M in 2019 to ₱8.05M in 2023, with net income after tax also increasing each year from ₱2.96M to ₱4.16M over the same period. The cash flow statement indicates that the company had a net increase in cash each year, growing from ₱4.35M in 2019 to ₱4.68M in 2023, as cash flows from operating activities exceeded those used in investing activities.

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38 views

National College of Business and Arts Bachelor of Science in Business Administration Department

The document is the statement of comprehensive income and cash flows for Auto Espasyo from 2019-2023. It shows that the company's net sales increased each year from ₱5.94M in 2019 to ₱8.05M in 2023, with net income after tax also increasing each year from ₱2.96M to ₱4.16M over the same period. The cash flow statement indicates that the company had a net increase in cash each year, growing from ₱4.35M in 2019 to ₱4.68M in 2023, as cash flows from operating activities exceeded those used in investing activities.

Uploaded by

nnn
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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NATIONAL COLLEGE OF BUSINESS AND ARTS

Bachelor of Science in Business Administration Department


Fairview, Quezon City

AUTO ESPASYO
Statement of Comprehensive Income
For the Year Ended December 31, 2019, 2020, 2021, 2022, 2023

NOTE
S 2019 2020 2021 2022 2023
Net Sales 12 5,940,000.00 6,414,833.33 6,916,250.00 7,458,000.00 8,052,000.00
Less: Cost of Service 9 (1,213,960.00) (1,213,960.00) (1,213,960.00) (1,213,960.00) (1,213,960.00)
Gross Profit 4,726,040.00 5,200,873.33 5,702,290.00 6,244,040.00 6,838,040.00
Less: Expenses
Operating Expense 2 250,870.46 358,524.54 466,290.83 574,178.68 682,200.76
General & Administrative Expense 3 248,906.95 209,244.80 209,244.80 209,244.80 209,244.80
Total Expense (499,777.41) (567,769.34) (675,535.63) (783,423.48) (891,445.56)

Net Income Before Tax 4,226,262.59 4,633,103.99 5,026,754.37 5,460,616.52 5,946,594.44


Income Tax (30%) (1,267,878.78) (1,389,931.20) (1,508,026.31) (1,638,184.96) (1,783,978.33)
Net Income After Tax 2,958,383.81 3,243,172.79 3,518,728.06 3,822,431.56 4,162,616.11

Partner's Distributive in Net Profit

Net Income After Tax 2,958,383.81 3,243,172.79 3,518,728.06 3,822,431.56 4,162,616.11


Agbayani (16%) 473,341.41 518,907.65 ,996.49 621,189.05 666,018.58
Caburnay (16%) 473,341.41 518,907.65 562,996.49 621,189.05 666,018.58
Dumalanta (16%) 473,341.41 518,907.65 562,996.49 621,189.05 666,018.58
Dumo (16%) 473,341.41 518,907.65 562,996.49 621,189.05 666,018.58
Gomez (20%) 591,676.76 648,634.55 703,745.61 776,486.31 832,523.22
Lancero (16%) 473,341.41 518,907.65 562,996.49 621,189.05 666,018.58
NATIONAL COLLEGE OF BUSINESS AND ARTS
Bachelor of Science in Business Administration Department
Fairview, Quezon City

AUTO ESPASYO
Statement of Cash Flow
For the Year Ended December 31, 2019, 2020, 2021, 2022, 2023

NOTES 2019 2020 2021 2022 2023


Cash Flow From Operating Activities
Net Income 2,958,383.81 3,243,172.79 3,518,728.06 3,822,431.56 4,162,616.11
Adjustment For Depreciation 7 106,544.58 213,089.16 319,633.74 426,178.32 523,722.90
Decrease/(Increase) in Inventory 10 (7,290.90) (15,310.89) (23,322.77) (31,325.75) (39,318.93)
Decrease/(Increase) in Prepaid Expense 11 1,220,960.00 - - - -
Net Cash Provided in Operating Activities 4,278,597.49 3,440,951.06 3,815,039.03 4,217,284.13 4,647,020.08

Cash Flow From Investing Activities


Decrease/(Increase) in Organizational Cost 3 59,302.15 19,640.00 19,640.00 19,640.00 19,640.00
Decrease/(Increase) in Real Property Tax 3 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00
Net Cash Flow Provided in Investing Activities 69,302.15 29,640.00 29,640.00 29,640.00 29,640.00

Cash Flow From Financing Activities


Net Cash used in Financing Activities - - - - -

Net Increase in Cash 4,347,899.64 3,470,591.06 3,844,679.03 4,246,924.13 4,676,660.08

Cash at Beginning of Year 165,489.45 4,513,389.09 7,983,920.15 11,828,659.18 16,075,583.31

11,828,659.1
Cash at the End of Year 4,513,389.09 7,983,920.15 8 16,075,583.31 20,752,243.39

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