HAVANA COMPANY

FINANCIAL PLAN

This section provides projections of sales, expenses, income, cash flow

and financial position of the company that will serve as direction on what the
business wants to achieve in terms of financial aspect.

Capital
Banana Oh Nana’s “Banana Munchies” requires an initial capital of
₱150,000.00. There are eight (8) partners and will have the following
contributions.

PARTNERS AMOUNT SHARES

₱18,750.00 12.5%

Kenneth M. Silva

₱18,750.00 12.5%

Leandro N. Lique

₱18,750.00 12.5%

Walter Lique

Havana Company
San Celestino, Lipa City
Telephone Number:
 HAVANA COMPANY

₱18,750.00 12.5%
Dianne
Aclan

₱18,750.00 12.5%

Nereen Lescano

₱18,750.00 12.5%

Jenylyn Librea

₱18,750.00 12.5%

Camile Olave

12.5%
₱18,750.00

Patricia Joy Robles

TOTAL ₱150,000.00 100%

Operating Expense

Havana Company
San Celestino, Lipa City
Telephone Number:
 HAVANA COMPANY
The figure below shows the monthly operating expenses
incurred by the business but not directly associated in the production of Banana
Munchies. It includes both fixed and variable costs.
OPERATING EXPENSES AMOUNT
Fixed Cost
Salary ₱8,800.00
Rent ₱3,000.00
TOTAL FIXED COST ₱11,800.00
Variable Cost
Electricity ₱1000.00
Water ₱200.00
Gas ₱580.00
Miscellaneous ₱500.00
TOTAL VARIABLE COST ₱2,280.00
TOTAL ₱14,080.00

Projected Sales
The figure below shows the projected sales of Banana Munchies daily,
monthly, and yearly.
Product Selling Daily Monthly Yearly
Price Output Sales Output Sales Output Sales
Chocolate ₱10 167 ₱1,670 5,010 ₱50,100 60,120 ₱601,200
sets sets sets
Ube ₱10 166 ₱1,660 4,980 ₱49,800 59,760 ₱597,600
sets sets sets
Cheese ₱10 167 ₱1,670 5,010 ₱50,100 60,120 ₱601,200
sets sets sets
TOTAL ₱5,000 15,000 ₱150,000 180,000 ₱1,800,00
sets sets

REMARKS: 1 set = 3 pieces of banana munchies for ₱10.00

Havana Company
San Celestino, Lipa City
Telephone Number:
 HAVANA COMPANY
Monthly Breakdown of Production
Cost and Sales
For the Year ended December 31, 2021

Month % No. of Sales Production Gross Profit

Output per Cost
set
January 10% 18,000 ₱180,000 ₱85,032 ₱94,968
February 9% 16,200 ₱162,000 ₱76,529 ₱85,471
March 8% 14,400 ₱144,000 ₱68,026 ₱75,974
April 6% 10,800 ₱108,000 ₱51,019 ₱56,981
May 7% 12,600 ₱126,000 ₱59,522 ₱66,478
June 10% 18,000 ₱180,000 ₱85,032 ₱94,968
July 9% 16,200 ₱162,000 ₱76,529 ₱85,471
August 8% 14,400 ₱144,000 ₱68,026 ₱75,974
September 7% 12,600 ₱126,000 ₱59,522 ₱66,478
October 8% 14,400 ₱144,000 ₱68,026 ₱75.974
November 8% 14,400 ₱144,000 ₱68,026 ₱75,974
December 10% 18,000 ₱180,000 ₱85,032 ₱94,968
TOTAL 100% 180,000 sets ₱1,800,000 ₱850,320 ₱949,680

BANANA OH NANA!
Statement of Comprehensive Income
For the Year Ended December 31, 2019

Havana Company
San Celestino, Lipa City
Telephone Number:
 HAVANA COMPANY
2018 2019 2020 2021
2022
Net sales ₱1,746,000 ₱1,920,600 ₱2,112,660 ₱2,323,926 ₱2,556,319
Less: Cost of Goods 850,320 875,830 902,104 929,168 957,043
sold
Gross Profit 895,680 1,044,770 1,210,556 1,394,758 1,599,276
Less: Operating 168,960 177,408 186,278 195,592 205,372
Expense
Operating Income 726,720 867,362 1,024,277 1,199,166 1,393,904
Less: Interest 0 0 0 0 0
Expense
Income before taxes 726,720 867,362 1,024,277 1,199,166 1,393,904
Taxes 87,206 104,083 122,913 143,900 167,268
Net Income ₱639,514 ₱763,279 ₱901,364 ₱1,055,266 ₱1,226,636
Sales Discount: 36,000
Sales Return/Allowance: 18,000
54,000

BANANA OH NANA!
Projected Statement of Changes in Partner’s Equity
For the Year Ended December 31, 2018
Kenneth Leandro Walter Dianne Nereen Jenylyn Camile Patricia Total
12.5% 12.5% 12.5% 12.5% 12.5% 12.5% 12.5% 12.5%
Beginning ₱18,750 ₱18,750 ₱18,750 ₱18,750 ₱18,750 ₱18,750 ₱18,750 ₱18,750 ₱150,000
Capital
Add: 36,250 36,250 36,250 36,250 36,250 36,250 36,250 36,250 290,000
Additional
Investment
Net Income 79,939.25 79,939.25 79,939.25 79,939.25 79,939.25 79,939.25 79,939.25 79,939.25 639,514

Sub-Total 134,939.25 134,939.25 134,939.2 134,939.25 134,939.25 134,939.25 134,939.25 134,939.25 1,079,512
5
Less: 80,000 50,000 60,000 80,000 70,000 50,000 60,000 70,000 520,000
Withdrawal
Ending 54,939.25 84,939.25 74,939.25 54,939.25 64,939.25 84,939.25 74,939.25 64,939.25 559,514
Capital

Statement of Financial Position

Havana Company
San Celestino, Lipa City
Telephone Number:
 HAVANA COMPANY
The statement of financial position or the balance sheet
shows the assets, liabilities and owner’s equity of the business as of a given date
(the end of the accounting period).

ASSETS
Current Assets
Cash ₱215,240
Food Supplies 49,260
Office Supplies 2,500
Total Current Assets 267,000

Non-Current Assets
Food Cart ₱20,000
Equipment / Utensils 5,000
Refrigerator 9,000
Furnitures and Fixtures 50,000
Total Non-Current Assets 84,000
TOTAL ASSETS ₱351,000

LIABILITIES
Current Liabilities
Accounts Payable ₱100,000
TOTAL LIABILITIES 100,000

OWNER’S EQUITY ₱251,000

TOTAL LIABILITIES AND OWNER’S EQUITY ₱351,000

BANANA OH NANA!
Projected Statement of Financial Position
For the Year Ended December 31, 2018

2018 2019 2020 2021 2022

Total Assets ₱351,000 ₱386,100 ₱424,710 ₱467,181 ₱513,899
Liabilities 100,00 92,000 84,640 77,869 71,639
Owner’s Equity 251,100 294,100 340,070 389,312 442,260
Total Liabilities and ₱351,000 ₱386,100 ₱424,710 ₱467,181 ₱513,899
Owner’s Equity
Projections:
• Assets will increase by 10% per year

Havana Company
San Celestino, Lipa City
Telephone Number:
 HAVANA COMPANY
• Liabilities will decrease by 8% per year
• Owner’s Equity will increase on the 2 nd year of operation by 5% and 8% on
the succeeding years.

LIST OF ACTIVITIES THAT AFFECTS CASH FLOW

FINANCING OPERATING INVESTING

Initial Investment ₱150,00 Bought food ₱49,260 Purchased ₱20,000
0 supplies food cart
Additional Capi- 290,000 Purchased of- 5,000 Bought equip- 2,500
tal fice supplies ment and
utensils
Secured loan 100,000 Paid rent 2,000 Purchased 9,000
Refrigerator
Paid training of 6,000 Purchased fur- 50,000
staff nitures and fix-
tures
Paid permits 50,000
and licenses
Paid marketing 120,000
collaterals
Paid for trans- 3,000
portation
Paid for miscel- 8,000
laneous
TOTAL ₱540,00 ₱243,260 ₱81,500
0

CASH BALANCE = ₱215,240

BANANA OH NANA!
Projected Statement of Cash Flow
For the Year Ended December 31, 2018

This part provides an analysis of inflows and/or outflows of cash from / to

operating, investing and financing activities (Deloitte Global Services Limited,
2015). This statement shows cash transactions only compared to the SCI which
follows the accrual principle.
January February March April

Havana Company
San Celestino, Lipa City
Telephone Number:
 HAVANA COMPANY
Beginning Cash ₱215,240 ₱296,128 ₱367,519
Balance ₱429,413
Add: Cash Inflows 180,000 162,000 144,000 108,000
Sub-Total 395,240 458,128 511,519 537,413
Less: Cash Outflows 99,112 90,609 82,106 65,099
Ending Cash Balance ₱296,128 ₱367,519 ₱429,413 ₱472,314

May June July August

Beginning Cash Balance ₱472,314 ₱524,712 ₱605,600 ₱676,991
Add: Cash Inflows 126,000 180,000 162,000 144,000
Sub-Total 598,314 704,712 767,600 820,991
Less: Cash Outflows 73,602 99,112 90,609 82,106
Ending Cash Balance ₱524,712 ₱605,600 ₱676,991 ₱738,885

September October November December

Beginning Cash Balance 738,885 791,283 853,177 923,575
Add: Cash Inflows 126,000 144,000 144,000 180,000
Sub-Total 864,885 935,283 997,177 1,103,575
Less: Cash Outflows 73,602 82,106 73,602 99,112
Ending Cash Balance 791,283 853,177 923,575 1,004,463

Havana Company
San Celestino, Lipa City
Telephone Number: