General Information

Business Name: PINEWRAP MANUFACTURING

Industry: Manufacturing

Structure: Sole Proprietorship

Initial Year of Operation: 2024

First Month of Business Year: January

Last Month & Day of Business Year: December 31

Initial Capital: ₱ 2,000,000.00

Name of Owner/s Capital Contribution Percentage

Sugarol Jr, Narciso Y. 400,000.00 20%
Total Investment 400,000.00

Loans Amount
BPI 1,600,000.00 80%

Total Loan 1,600,000.00

Financial Assumptions
1. Annual Operating Days
· The official opening date and start of the business will be January 1, 2024 --- following a calendar-year.
· The business is VAT-registered since the Sales Revenue is expected to be greater than P3,000,000 annually. The bu
. The revenue and expenditure forecasts for the next five years will be based on the assumptions presented in this
. This will also be used to assist the owners in making an informed decision regarding their company.
. The assumptions will cover a period of five-year projection from 2024-2028.

2. Assets
· Straight-line method will be used in computing the depreciation of noncurrent assets.
· All sales are paid by customers. No Accounts Receivable will be recorded in the transactions.
· There will be no additional acquisitions of long-term assets in the next five years.
· Inventories at year end will be equal to 5% of the annual expense.

3. Liabilities
. All purchases will be paid in cash to reduce payables.
. Business will be VAT registered.
· The Business loan amounted to P1,600,000 will be paid for five years

4. Equity
· The owner contributed a total of P400,000 capital from his/her personal savings.
· The owner can withdraw 40% of his/her share in the annual net income.

5. Revenue/Sales
· Sales in units are expected to increase annually
· All sales revenue will be paid in cash. (No accounts receivable should be assumed)

6. Expenses
· Salaries expense is expected to increase by 3% every year of operation and is paid in cash.
· Utilities Expenses (Water and Electricity) will be paid in cash, and are increasing by 5% every year.
· Internet in Utilities Expenses will be paid in cash, and will remain constant annually.
ng a calendar-year.
n P3,000,000 annually. The business is subject to 12% Value Added Tax.
ssumptions presented in this chapter.
their company.

% every year.
PINEWRAP MANUFACTURING
Initial Capital and Expenses
(Amounts in Philippine Peso)

Sources of Fund Amount

Sugarol Jr, Narciso Y. 400,000.00 20%
Bank Loan 1,600,000.00 80%
Initial Capital 2,000,000.00

Particulars Amount Totals

Fixed Investment 553,018.87
Property and Equipment 553,018.87
Initial Working Capital 891,109.25
Salaries Expense 537,612.00
Employees Benefits 118,766.30
Raw Materials 10,500.00
Supplies Expense 6,523.75
Utilities Expense 101,097.00
Miscellaneous Expense 26,610.20
Rent Expense 90,000.00
Pre-Operating Expenses 99,608.00
Permits and Licenses 9,608.00
Prepaid Rent 90,000.00
Total 1,543,736.12
Contingency Fund 456,263.88
TOTAL PROJECT COST 2,000,000.00
NOTES TO THE FINANCIAL STATEMENT

Note 1 - Cash

Particulars Pre-Operation Year 1

Cash ₱ 970,609.25 ₱ 1,282,324.48
Contingency Fund 456,263.88 456,263.88
Total Cash ₱ 1,426,873.13 ₱ 1,738,588.36

Note 2 - Inventories

Particulars Pre-Operation
Pineapple Leaves ₱ 10,500.00

Particulars Year 1 Year 2

1 ₱ 355.26 ₱ 461.84
2 900.00 1,185.00
3 1,563.16 2,049.47
4 2,273.68 2,993.68
5 4,121.05 5,403.16
6 6,631.58 8,703.95
7 (M) 5,755.26 7,545.79
8 (L) 5,684.21 7,452.63
9 (XL) 6,300.00 8,280.00
Total ₱ 33,584.21 ₱ 44,075.53

Note 3 - Prepayments
Pre-Operation
Permits and Licenses ₱ 9,608.00
Prepaid Rent 90,000.00
99,608.00

Note 4 - Property and Equipment

Particulars Quantity Cost per Unit

Delivery truck-Isuzu 1 81,000.00
Office Furnitures, Fixtures, and Equipment
Personal Computer 4 23,392.00
CCTV Camera with M 1 9,050.00
Window Air-Conditio 1 21,543.39
Printer 2 6,745.37
Telephone with Fax 2 7,779.56
Office Table 4 2,500.00
 Executive Chair 4 850.00
Steel Cabinet 2 5,212.00
Sofa with Mini Table 1 8,000.00
Conference Table 1 15,393.00
Production Machines and Equipment
Paper Making machi 1 177,148.80
Steel Cabinet 2 5,212.00
L300 Mitsubishi 1 64,000.00
Extractor Machine 1 20,017.82
Total

Note 5 - Value-Added Tax

Particulars (Input VAT) Year 1 Year 2

Raw Materials ₱ 76,572.00 ₱ 100,492.20
Property and Equipment 8,885.74 8,885.74
Supplies Expense 3,131.40 3,287.97
Utilities Expense 48,526.56 51,340.54
Miscellaneous Expense 12,772.90 13,411.54
Total Input VAT ₱ 149,888.59 ₱ 177,417.99

Particulars Year 1 Year 2

Gross Sales ₱ 5,145,000.00 ₱ 7,177,410.00
Tax Rate 12% 12%
Output VAT ₱ 617,400.00 ₱ 861,289.20
Input VAT 149,888.59 177,417.99
VAT Due ₱ 467,511.41 ₱ 683,871.21
Unpaid Quarter 1/4 1/4
VAT Payable ₱ 116,877.85 ₱ 170,967.80

Particulars Year 1 Year 2

Paid VAT Payable ₱ - ₱ 116,877.85
Current VAT Paid 350,633.55 512,903.41
Total VAT Paid ₱ 350,633.55 ₱ 629,781.26

Note 6 - Government Contributions Payable

Particulars Year 1 Year 2

SSS Contribution ₱ 64,812.00 ₱ 66,756.36
PhilHealth Contribution 74,130.00 76,410.00
Pag-IBIG Contribution 19,443.60 20,026.91
Total ₱ 158,385.60 ₱ 163,193.27
Unpaid Month 1/12 1/12
 Government Contribution ₱ 13,198.80 ₱ 13,599.44

Particulars Year 1 Year 2

Paid Government Contribu ₱ - ₱ 13,198.80
Current Government Contr 145,186.80 149,593.83
Total VAT Paid ₱ 145,186.80 ₱ 162,792.63

Note 7 - Income Tax Payable

Particulars Year 1 Year 2

Income Tax ₱ 16,113.87 ₱ 289,817.74
Unpaid Quarter 1/4 1/4
Income Tax Payable ₱ 4,028.47 ₱ 72,454.44

Particulars Year 1 Year 2

Paid Tax Payable ₱ - ₱ 4,028.47
Current Tax Paid 12,085.40 217,363.31
Total Income Tax Paid ₱ 12,085.40 ₱ 221,391.77

Note 8 - Sales

Particulars Year 1 Year 2

Quantity
1 180 225
2 228 285
3 264 330
4 288 360
5 348 435
6 420 525
7 (M) 648 810
8 (L) 480 600
9 (XL) 456 570
Selling Price
1 ₱ 250.00 ₱ 250.00
2 500.00 500.00
3 750.00 750.00
4 1,000.00 1,000.00
5 1,500.00 1,500.00
6 2,000.00 2,300.00
7 (M) 2,500.00 2,875.00
8 (L) 1,500.00 1,725.00
9 (XL) 1,750.00 2,012.00

Year 1 Year 2
 Sales in Peso
1 ₱ 45,000.00 ₱ 56,250.00
2 114,000.00 142,500.00
3 198,000.00 247,500.00
4 288,000.00 360,000.00
5 522,000.00 652,500.00
6 840,000.00 1,207,500.00
7 (M) 1,620,000.00 2,328,750.00
8 (L) 720,000.00 1,035,000.00
9 (XL) 798,000.00 1,146,840.00
Total Sales ₱ 5,145,000.00 ₱ 7,177,410.00
Ouput VAT 617,400.00 861,289.20
Net Sales ₱ 4,527,600.00 ₱ 6,316,120.80

Note 9 - Cost of Goods Sold

Particulars Year 1 Year 2

Unit Cost Per Unit
1 37.50 39.00
2 75.00 79.00
3 112.50 118.00
4 150.00 158.00
5 225.00 236.00
6 300.00 315.00
7 (M) 168.75 177.00
8 (L) 225.00 236.00
9 (XL) 262.50 276.00
Direct Materials Cost in Peso -
1 ₱ 6,750.00 ₱ 8,775.00
2 17,100.00 22,515.00
3 29,700.00 38,940.00
4 43,200.00 56,880.00
5 78,300.00 102,660.00
6 126,000.00 165,375.00
7 (M) 109,350.00 143,370.00
8 (L) 108,000.00 141,600.00
9 (XL) 119,700.00 157,320.00
Total Direct Material ₱ 638,100.00 ₱ 837,435.00

Particulars Year 1 Year 2

Prime Costs
Direct Materials 638,100.00 837,435.00
Direct Labor 909,685.60 937,856.37
Total Prime Cost 1,547,785.60 1,775,291.37
 Production Overhead
Indirect Labor 767,698.00 791,439.64
Utilities Expense (Pr 274,200.00 290,789.10
Depreciation Expens 25,381.32 25,381.32
Rent (Production) 20,000.00 240,000.00
Total Overhead 1,087,279.32 1,347,610.06
Total Cost of Goods Sold ₱ 2,635,064.92 ₱ 3,122,901.42

Note 10 - Salaries Expense

Particulars Monthly Year 1

General and Administrative
Manager/ Owner ₱ 13,800.00 ₱ 165,600.00
HR Manager 12,940.00 155,280.00
Finance Officer 11,672.00 140,064.00
Driver 13,200.00 158,400.00
Driver 13,200.00 158,400.00
Total General an ₱ 64,812.00 ₱ 777,744.00

Production Employees
Direct Labor
Machine Operato ₱ 11,672.00 ₱ 140,064.00
Machine Operato 11,672.00 140,064.00
Production Staff 9,672.00 116,064.00
Production Staff 9,672.00 116,064.00
Production Staff 9,672.00 116,064.00
Production Staff 9,672.00 116,064.00
Total Direct Lab ₱ 62,032.00 ₱ 744,384.00
Indirect Labor
Quality Control I 11,672.00 140,064.00
Technician 9,672.00 116,064.00
Marketing Staff 11,672.00 140,064.00
Warehouse Staff 9,672.00 116,064.00
Warehouse Staff 9,672.00 116,064.00
Total Indirect L 52,360.00 628,320.00
Total Production 114,392.00 1,372,704.00
Total Salaries ₱ 179,204.00 ₱ 2,150,448.00

Note 11 - Employees Benefits

13th Month Pay Year 1 Year 2

General and Administrative
Manager/ Owner ₱ 13,800.00 ₱ 14,214.00
 HR Manager 12,940.00 13,328.20
Finance Officer 11,672.00 12,022.16
Driver 13,200.00 13,596.00
Driver 13,200.00 13,596.00
Total 13th Month P ₱ 64,812.00 ₱ 66,756.36

Production Employees
Direct Labor
Machine Operators 11,672.00 12,022.16
Machine Operators 11,672.00 12,022.16
Production Staff 9,672.00 9,962.16
Production Staff 9,672.00 9,962.16
Production Staff 9,672.00 9,962.16
Production Staff 9,672.00 9,962.16
Total Direct Labor ₱ 62,032.00 ₱ 63,892.96
Indirect Labor
Quality Control Insp 11,672.00 12,022.16
Technician 9,672.00 9,962.16
Marketing Staff 11,672.00 12,022.16
Warehouse Staff 9,672.00 9,962.16
Warehouse Staff 9,672.00 9,962.16
Total Indirect Labor 52,360.00 53,930.80
Total 13th Month P ₱ 114,392.00 ₱ 117,823.76

SSS Contribution Year 1 Year 2

General and Administrative
Manager/ Owner ₱ 16,080.00 ₱ 16,080.00
HR Manager 14,940.00 15,510.00
Finance Officer 13,230.00 13,800.00
Driver 14,940.00 15,510.00
Driver 14,940.00 15,510.00
Total SSS Contributi ₱ 74,130.00 ₱ 76,410.00

Production Employees
Direct Labor
Machine Operators ₱ 13,230.00 ₱ 13,800.00
Machine Operators 13,230.00 13,800.00
Production Staff 10,950.00 11,520.00
Production Staff 10,950.00 11,520.00
Production Staff 10,950.00 11,520.00
Production Staff 10,950.00 11,520.00
Total Direct Labor ₱ 70,260.00 ₱ 73,680.00
Indirect Labor
 Quality Control Insp ₱ 13,230.00 ₱ 13,800.00
Technician 10,950.00 11,520.00
Marketing Staff 13,230.00 13,800.00
Warehouse Staff 10,950.00 11,520.00
Warehouse Staff 10,950.00 11,520.00
Total Indirect Labor 59,310.00 62,160.00
Total SSS Contributi ₱ 129,570.00 ₱ 135,840.00

PhilHealth Contribution Year 1 Year 2

General and Administrative
Manager/ Owner ₱ 4,140.00 ₱ 4,264.20
HR Manager 3,882.00 3,998.46
Finance Officer 3,501.60 3,606.65
Driver 3,960.00 4,078.80
Driver 3,960.00 4,078.80
Total PhilHealth Con ₱ 19,443.60 ₱ 20,026.91

Production Employees
Direct Labor
Machine Operators ₱ 3,501.60 ₱ 3,606.65
Machine Operators 3,501.60 3,606.65
Production Staff 2,901.60 2,988.65
Production Staff 2,901.60 2,988.65
Production Staff 2,901.60 2,988.65
Production Staff 2,901.60 2,988.65
Total Direct Labor ₱ 18,609.60 ₱ 19,167.89
Indirect Labor
Quality Control Insp ₱ 3,501.60 ₱ 3,606.65
Technician 2,901.60 2,988.65
Marketing Staff 3,501.60 3,606.65
Warehouse Staff 2,901.60 2,988.65
Warehouse Staff 2,901.60 2,988.65
Total Indirect Labor 15,708.00 16,179.24
Total PhilHealth Co ₱ 34,317.60 ₱ 35,347.13

Pag-IBIG Contribution Year 1 Year 2

General and Administrative
Manager/ Owner ₱ 2,400.00 ₱ 2,400.00
HR Manager 2,400.00 2,400.00
Finance Officer 2,400.00 2,400.00
Driver 2,400.00 2,400.00
Driver 2,400.00 2,400.00
Total Pag-IBIG Cont ₱ 12,000.00 ₱ 12,000.00
Production Employees
Direct Labor
Machine Operators ₱ 2,400.00 ₱ 2,400.00
Machine Operators 2,400.00 2,400.00
Production Staff 2,400.00 2,400.00
Production Staff 2,400.00 2,400.00
Production Staff 2,400.00 2,400.00
Production Staff 2,400.00 2,400.00
Total Direct Labor ₱ 14,400.00 ₱ 14,400.00
Indirect Labor
Quality Control Insp 2,400.00 2,400.00
Technician 2,400.00 2,400.00
Marketing Staff 2,400.00 2,400.00
Warehouse Staff 2,400.00 2,400.00
Warehouse Staff 2,400.00 2,400.00
Total Indirect Labor 12,000.00 12,000.00
Total Pag-IBIG Cont ₱ 26,400.00 ₱ 26,400.00

Employee Benefits Year 1 Year 2

General and Administrative
13th Month Pay ₱ 64,812.00 ₱ 66,756.36
SSS Contribution 74,130.00 76,410.00
PhilHealth Contribut 19,443.60 20,026.91
Pag-IBIG Contributio 12,000.00 12,000.00
Total Employee Bene₱ 170,385.60 ₱ 175,193.27

Production Employees
Direct Labor
13th Month Pay ₱ 62,032.00 ₱ 63,892.96
SSS Contribution 70,260.00 73,680.00
PhilHealth Contribut 18,609.60 19,167.89
Pag-IBIG Contributio 14,400.00 14,400.00
Total Direct Labor ₱ 165,301.60 ₱ 171,140.85
Indirect Labor
13th Month Pay ₱ 52,360.00 ₱ 53,930.80
SSS Contribution 59,310.00 62,160.00
PhilHealth Contribut 15,708.00 16,179.24
Pag-IBIG Contributio 12,000.00 12,000.00
Total Indirect Labor 139,378.00 144,270.04
Total Employee Bene₱ 304,679.60 ₱ 171,140.85
 Particulars Year 1 Year 2
General and Administrative
Salaries Expense ₱ 777,744.00 ₱ 801,076.32
Employees Benefits 170,385.60 175,193.27
Total (General and A ₱ 948,129.60 ₱ 976,269.59
Production Employees
Direct Labor
Salaries Expense ₱ 744,384.00 ₱ 766,715.52
Employees Benefits 165,301.60 171,140.85
Total Direct Labor 909,685.60 937,856.37
Indirect Labor
Salaries Expense ₱ 628,320.00 ₱ 647,169.60
Employees Benefits 139,378.00 144,270.04
Total Indirect Labor 767,698.00 791,439.64
Total (Production) ₱ 1,677,383.60 ₱ 1,729,296.01
Total Salaries and Employ ₱ 2,625,513.20 ₱ 2,705,565.60

Note 12 - Supplies Expense

Particulars No. of Units Unit Price

General and Administrative Supplies
Bond Paper- A4 15 ₱ 200.00
Calculator 4 114.00
Retractable Ballpen 12 250.00
Ink Printer 4 800.00
Pencil 24 39.00
Stapler 4 128.00
Staple wire 48 30.00
Scotch tape 96 62.00
Scissor 6 50.00
Total Administrative Supplies

Sanitary Supplies
Mop 4 122.00
Broom 4 75.00
Brush with Dust Pan 2 85.00
Garbage Bin 3 120.00
Garbage bag 5 269.00
Doormat 2 200.00
Towels 12 9.00
Detergent Powder 12 210.00
Toilet Cleaner 12 99.00
Tissue 24 10.00
Sponge 12 15.00
 Total Sanitary Supplies

Total Supplies Expense

Note 13 - Utilities Expense

Particulars Cost per Month Year 1

Production
Electricity Consumpt ₱ 21,000.00 ₱ 252,000.00
Water Consumption 1,050.00 12,600.00
Waste Disposal Fee 800.00 9,600.00
Total ₱ 22,050.00 ₱ 274,200.00
General and Administrative
Electricity Consumpt ₱ 9,000.00 ₱ 108,000.00
Water Consumption 450.00 5,400.00
Internet Connection 1,399.00 16,788.00
Total 10,849.00 130,188.00
Total Utilities Expense ₱ 32,899.00 ₱ 404,388.00

Note 14 - Permits and Licenses

Particulars Year 1 Year 2

Department of Trade 1,030.00 1,030.00
Barangay Clearance 300.00 300.00
Mayor’s Business Pe 1,050.00 1,050.00
Bureau of Fire
Protection 818.00 818.00
Department(BFP)
of
Department of
Agriculture (DA) 640.00 640.00
Science and 540.00 540.00
Bureau of Internal
Technology (DOST)
Revenue (BIR) 530.00 530.00
Philippine Redcross ( 4,400.00 4,400.00
Sanitary Permit 300.00 300.00
Total Permits and License ₱ 9,608.00 ₱ 9,608.00

Note 15 - Miscellaneous Expense

Particular Year 1 Year 2

Maintenance Cost ₱ 33,000.00 ₱ 34,650.00
Grease- Shell Gadus 6,059.10 6,362.06
Hydraulic Oil- Telus 3,541.71 3,718.80
Diesel 18km/L 56,640.00 59,472.00
Advertising and Mar 7,200.00 7,560.00
Total Miscellaneous Expe ₱ 106,440.81 ₱ 111,762.85
 Note 16 - Rent Expense

Particular Monthly Year 1

Production Area ₱ 20,000.00 ₱ 240,000.00
Administrative Area 10,000.00 120,000.00
Total Rent Expense 30,000.00 ₱ 360,000.00

Note 17 - Depreciation

Depreciation Expense Year 1 Year 2

Production Area
Property and Equip ₱ 25,381.32 ₱ 25,381.32
Total ₱ 25,381.32 ₱ 25,381.32
General and Administrative
Property and Equip ₱ 41,261.72 ₱ 41,261.72
Total 41,261.72 41,261.72
Total Depreciation Expens ₱ 66,643.03 ₱ 66,643.03

Accumulated Depreciatio Year 1 Year 2

Property and Equip ₱ 66,643.03 ₱ 133,286.06
Total Accumulated Deprec ₱ 66,643.03 ₱ 133,286.06

Note 18 - Loan Payable

Particulars Year 1 Year 2
Principal Amount ₱ 216,868.62 ₱ 259,292.06
Total Interest 270,685.19 228,261.75
Total Cost 487,553.81 487,553.81

Note 19 - Amortization Schedule

Mortgage Amount ₱ 1,600,000.00 Monthly Interest Rate

Payment Terms 5 Number of Periods
Annual Interest Rate 18.00% Monthly Payment

Period Principal Interest

1 ₱ 1,600,000.00 ₱ 24,000.00
2 1,583,370.52 23,750.56
3 1,566,491.59 23,497.37
4 1,549,359.48 23,240.39
5 1,531,970.39 22,979.56
6 1,514,320.46 22,714.81
7 1,496,405.78 22,446.09
8 1,478,222.39 22,173.34
9 1,459,766.24 21,896.49
10 1,441,033.25 21,615.50
11 1,422,019.26 21,330.29
12 1,402,720.07 21,040.80
13 1,383,131.38 20,746.97
14 1,363,248.87 20,448.73
15 1,343,068.12 20,146.02
16 1,322,584.66 19,838.77
17 1,301,793.94 19,526.91
18 1,280,691.37 19,210.37
19 1,259,272.26 18,889.08
20 1,237,531.86 18,562.98
21 1,215,465.35 18,231.98
22 1,193,067.85 17,896.02
23 1,170,334.38 17,555.02
24 1,147,259.91 17,208.90
25 1,123,839.33 16,857.59
26 1,100,067.43 16,501.01
27 1,075,938.96 16,139.08
28 1,051,448.56 15,771.73
29 1,026,590.81 15,398.86
30 1,001,360.18 15,020.40
31 975,751.10 14,636.27
32 949,757.89 14,246.37
33 923,374.77 13,850.62
34 896,595.91 13,448.94
35 869,415.36 13,041.23
36 841,827.11 12,627.41
37 813,825.03 12,207.38
38 785,402.92 11,781.04
39 756,554.48 11,348.32
40 727,273.32 10,909.10
41 697,552.93 10,463.29
42 667,386.74 10,010.80
43 636,768.06 9,551.52
44 605,690.10 9,085.35
45 574,145.96 8,612.19
46 542,128.67 8,131.93
47 509,631.12 7,644.47
48 476,646.10 7,149.69
49 443,166.31 6,647.49
50 409,184.32 6,137.76
51 374,692.60 5,620.39
52 339,683.50 5,095.25
53 304,149.27 4,562.24
54 268,082.03 4,021.23
55 231,473.77 3,472.11
56 194,316.40 2,914.75
57 156,601.66 2,349.02
58 118,321.20 1,774.82
59 79,466.53 1,192.00
60 40,029.05 600.44
₱ 837,769.03
 Year 2 Year 3 Year 4
₱ 2,461,553.93 ₱ 5,443,888.03 ₱ 10,701,174.47
456,263.88 456,263.88 456,263.88
₱ 2,917,817.80 ₱ 5,900,151.91 ₱ 11,157,438.35

Year 3 Year 4 Year 5

₱ 606.37 ₱ 794.37 ₱ 1,039.74
1,555.16 2,037.63 2,662.95
2,695.37 3,530.53 4,650.79
3,931.58 5,155.89 6,780.63
7,100.63 9,305.26 12,213.16
11,428.21 15,018.95 19,690.79
9,916.74 12,993.16 17,079.74
9,789.47 12,835.79 16,854.16
10,882.63 14,302.89 18,762.11
₱ 57,906.16 ₱ 75,974.47 ₱ 99,734.05

Total Cost Useful Life Salvage Value

81,000.00 10 8,100.00

93,568.00 5 9,356.80
9,050.00 5 905.00
21,543.39 5 2,154.34
13,490.74 5 1,349.07
15,559.12 5 1,555.91
10,000.00 5 1,000.00
 3,400.00 5 340.00
10,424.00 5 1,042.40
8,000.00 10 800.00
15,393.00 10 1,539.30

177,148.80 10 17,714.88
10,424.00 5 1,042.40
64,000.00 10 6,400.00
20,017.82 10 2,001.78
₱ 553,018.87 ₱ 55,301.89

Year 3 Year 4 Year 5

₱ 132,026.04 ₱ 173,221.80 ₱ 227,393.64
8,885.74 8,885.74 8,885.74
3,452.37 3,624.99 3,806.24
54,324.76 57,489.52 60,845.76
14,082.12 14,786.23 15,525.54
₱ 212,771.02 ₱ 258,008.27 ₱ 316,456.91

Year 3 Year 4 Year 5

₱ 10,320,640.00 ₱ 14,442,851.00 ₱ 20,272,849.00
12% 12% 12%
₱ 1,238,476.80 ₱ 1,733,142.12 ₱ 2,432,741.88
212,771.02 258,008.27 316,456.91
₱ 1,025,705.78 ₱ 1,475,133.85 ₱ 2,116,284.97
1/4 1/4 1/4
₱ 256,426.44 ₱ 368,783.46 ₱ 529,071.24

Year 3 Year 4 Year 5

₱ 170,967.80 ₱ 256,426.44 ₱ 368,783.46
769,279.33 1,106,350.38 1,587,213.73
₱ 940,247.14 ₱ 1,362,776.83 ₱ 1,955,997.19

Year 3 Year 4 Year 5

₱ 68,759.05 ₱ 70,821.82 ₱ 72,946.48
78,690.00 81,780.00 84,540.00
20,627.72 21,246.55 21,883.94
₱ 168,076.77 ₱ 173,848.37 ₱ 179,370.42
1/12 1/12 1/12
₱ 14,006.40 ₱ 14,487.36 ₱ 14,947.54

Year 3 Year 4 Year 5

₱ 13,599.44 ₱ 14,006.40 ₱ 14,487.36
154,070.37 159,361.00 164,422.89
₱ 167,669.81 ₱ 173,367.40 ₱ 178,910.25

Year 3 Year 4 Year 5

₱ 993,983.81 ₱ 1,957,430.35 ₱ 3,530,620.47
1/4 1/4 1/4
₱ 248,495.95 ₱ 489,357.59 ₱ 882,655.12

Year 3 Year 4 Year 5

₱ 72,454.44 ₱ 248,495.95 ₱ 489,357.59
745,487.86 1,468,072.77 2,647,965.35
₱ 817,942.29 ₱ 1,716,568.72 ₱ 3,137,322.94

Year 3 Year 4 Year 5

281 351 439

356 445 556
413 516 645
450 563 704
544 680 850
656 820 1025
1013 1266 1583
750 938 1173
713 891 1114

₱ 288.00 ₱ 288.00 ₱ 288.00

575.00 575.00 575.00
863.00 863.00 863.00
1,150.00 1,150.00 1,150.00
1,725.00 1,725.00 1,725.00
2,645.00 3,042.00 3,498.00
3,306.00 3,802.00 4,372.00
1,984.00 2,282.00 2,624.00
2,314.00 2,661.00 3,060.00

Year 3 Year 4 Year 5

₱ 80,928.00 ₱ 101,088.00 ₱ 126,432.00
204,700.00 255,875.00 319,700.00
356,419.00 445,308.00 556,635.00
517,500.00 647,450.00 809,600.00
938,400.00 1,173,000.00 1,466,250.00
1,735,120.00 2,494,440.00 3,585,450.00
3,348,978.00 4,813,332.00 6,920,876.00
1,488,000.00 2,140,516.00 3,077,952.00
1,649,882.00 2,370,951.00 3,408,840.00
₱ 10,320,640.00 ₱ 14,442,851.00 ₱ 20,272,849.00
1,238,476.80 1,733,142.12 2,432,741.88
₱ 9,082,163.20 ₱ 12,709,708.88 ₱ 17,840,107.12

Year 3 Year 4 Year 5

41.00 43.00 45.00

83.00 87.00 91.00
124.00 130.00 137.00
166.00 174.00 183.00
248.00 260.00 273.00
331.00 348.00 365.00
186.00 195.00 205.00
248.00 260.00 273.00
290.00 305.00 320.00
- - -
₱ 11,521.00 ₱ 15,093.00 ₱ 19,755.00
29,548.00 38,715.00 50,596.00
51,212.00 67,080.00 88,365.00
74,700.00 97,962.00 128,832.00
134,912.00 176,800.00 232,050.00
217,136.00 285,360.00 374,125.00
188,418.00 246,870.00 324,515.00
186,000.00 243,880.00 320,229.00
206,770.00 271,755.00 356,480.00
₱ 1,100,217.00 ₱ 1,443,515.00 ₱ 1,894,947.00

Year 3 Year 4 Year 5

1,100,217.00 1,443,515.00 1,894,947.00

966,769.66 994,167.75 1,023,493.58
2,066,986.66 2,437,682.75 2,918,440.58
 815,808.03 839,111.97 863,650.83
308,381.84 327,038.94 346,824.80
25,381.32 25,381.32 25,381.32
252,000.00 264,600.00 277,830.00
1,401,571.19 1,456,132.23 1,513,686.94
₱ 3,468,557.84 ₱ 3,893,814.98 ₱ 4,432,127.52

Year 2 Year 3 Year 4

₱ 170,568.00 ₱ 175,685.04 ₱ 180,955.59

159,938.40 164,736.55 169,678.65
144,265.92 148,593.90 153,051.71
163,152.00 168,046.56 173,087.96
163,152.00 168,046.56 173,087.96
₱ 801,076.32 ₱ 825,108.61 ₱ 849,861.87

₱ 144,265.92 ₱ 148,593.90 ₱ 153,051.71

144,265.92 148,593.90 153,051.71
119,545.92 123,132.30 126,826.27
119,545.92 123,132.30 126,826.27
119,545.92 123,132.30 126,826.27
119,545.92 123,132.30 126,826.27
₱ 766,715.52 ₱ 789,716.99 ₱ 813,408.50

144,265.92 148,593.90 153,051.71

119,545.92 123,132.30 126,826.27
144,265.92 148,593.90 153,051.71
119,545.92 123,132.30 126,826.27
119,545.92 123,132.30 126,826.27
647,169.60 666,584.69 686,582.23
1,413,885.12 1,456,301.67 1,499,990.72
₱ 2,214,961.44 ₱ 2,281,410.28 ₱ 2,349,852.59

Year 3 Year 4 Year 5

₱ 14,640.42 ₱ 15,079.63 ₱ 15,532.02

 13,728.05 14,139.89 14,564.08
12,382.82 12,754.31 13,136.94
14,003.88 14,424.00 14,856.72
14,003.88 14,424.00 14,856.72
₱ 68,759.05 ₱ 70,821.82 ₱ 72,946.48

12,382.82 12,754.31 13,136.94

12,382.82 12,754.31 13,136.94
10,261.02 10,568.86 10,885.92
10,261.02 10,568.86 10,885.92
10,261.02 10,568.86 10,885.92
10,261.02 10,568.86 10,885.92
₱ 65,809.75 ₱ 67,784.04 ₱ 69,817.56

12,382.82 12,754.31 13,136.94

10,261.02 10,568.86 10,885.92
12,382.82 12,754.31 13,136.94
10,261.02 10,568.86 10,885.92
10,261.02 10,568.86 10,885.92
55,548.72 57,215.19 58,931.64
₱ 121,358.47 ₱ 124,999.23 ₱ 128,749.20

Year 3 Year 4 Year 5

₱ 16,650.00 ₱ 17,460.00 ₱ 18,030.00

15,510.00 16,080.00 16,650.00
14,370.00 14,940.00 14,940.00
16,080.00 16,650.00 17,460.00
16,080.00 16,650.00 17,460.00
₱ 78,690.00 ₱ 81,780.00 ₱ 84,540.00

₱ 14,370.00 ₱ 14,940.00 ₱ 14,940.00

14,370.00 14,940.00 14,940.00
12,090.00 12,090.00 12,660.00
12,090.00 12,090.00 12,660.00
12,090.00 12,090.00 12,660.00
12,090.00 12,090.00 12,660.00
₱ 77,100.00 ₱ 78,240.00 ₱ 80,520.00
₱ 14,370.00 ₱ 14,940.00 ₱ 14,940.00
12,090.00 12,090.00 12,660.00
14,370.00 14,940.00 14,940.00
12,090.00 12,090.00 12,660.00
12,090.00 12,090.00 12,660.00
65,010.00 66,150.00 67,860.00
₱ 142,110.00 ₱ 144,390.00 ₱ 148,380.00

Year 3 Year 4 Year 5

₱ 4,392.13 ₱ 4,523.89 ₱ 4,659.61

4,118.41 4,241.97 4,369.23
3,714.85 3,826.29 3,941.08
4,201.16 4,327.20 4,457.01
4,201.16 4,327.20 4,457.01
₱ 20,627.72 ₱ 21,246.55 ₱ 21,883.94

₱ 3,714.85 ₱ 3,826.29 ₱ 3,941.08

3,714.85 3,826.29 3,941.08
3,078.31 3,170.66 3,265.78
3,078.31 3,170.66 3,265.78
3,078.31 3,170.66 3,265.78
3,078.31 3,170.66 3,265.78
₱ 19,742.92 ₱ 20,335.21 ₱ 20,945.27

₱ 3,714.85 ₱ 3,826.29 ₱ 3,941.08

3,078.31 3,170.66 3,265.78
3,714.85 3,826.29 3,941.08
3,078.31 3,170.66 3,265.78
3,078.31 3,170.66 3,265.78
16,664.62 17,164.56 17,679.49
₱ 36,407.54 ₱ 37,499.77 ₱ 38,624.76

Year 3 Year 4 Year 5

₱ 2,400.00 ₱ 2,400.00 ₱ 2,400.00

2,400.00 2,400.00 2,400.00
2,400.00 2,400.00 2,400.00
2,400.00 2,400.00 2,400.00
2,400.00 2,400.00 2,400.00
₱ 12,000.00 ₱ 12,000.00 ₱ 12,000.00
₱ 2,400.00 ₱ 2,400.00 ₱ 2,400.00
2,400.00 2,400.00 2,400.00
2,400.00 2,400.00 2,400.00
2,400.00 2,400.00 2,400.00
2,400.00 2,400.00 2,400.00
2,400.00 2,400.00 2,400.00
₱ 14,400.00 ₱ 14,400.00 ₱ 14,400.00

2,400.00 2,400.00 2,400.00

2,400.00 2,400.00 2,400.00
2,400.00 2,400.00 2,400.00
2,400.00 2,400.00 2,400.00
2,400.00 2,400.00 2,400.00
12,000.00 12,000.00 12,000.00
₱ 26,400.00 ₱ 26,400.00 ₱ 26,400.00

Year 3 Year 4 Year 5

₱ 68,759.05 ₱ 70,821.82 ₱ 72,946.48

78,690.00 81,780.00 84,540.00
20,627.72 21,246.55 21,883.94
12,000.00 12,000.00 12,000.00
₱ 180,076.77 ₱ 185,848.37 ₱ 191,370.42

₱ 65,809.75 ₱ 67,784.04 ₱ 69,817.56

77,100.00 78,240.00 80,520.00
19,742.92 20,335.21 20,945.27
14,400.00 14,400.00 14,400.00
₱ 177,052.67 ₱ 180,759.25 ₱ 185,682.83

₱ 55,548.72 ₱ 57,215.19 ₱ 58,931.64

65,010.00 66,150.00 67,860.00
16,664.62 17,164.56 17,679.49
12,000.00 12,000.00 12,000.00
149,223.34 152,529.74 156,471.13
₱ 177,052.67 ₱ 180,759.25 ₱ 185,682.83
 Year 3 Year 4 Year 5

₱ 825,108.61 ₱ 849,861.87 ₱ 875,357.72

180,076.77 185,848.37 191,370.42
₱ 1,005,185.38 ₱ 1,035,710.24 ₱ 1,066,728.14

₱ 789,716.99 ₱ 813,408.50 ₱ 837,810.75

177,052.67 180,759.25 185,682.83
966,769.66 994,167.75 1,023,493.58

₱ 666,584.69 ₱ 686,582.23 ₱ 707,179.70

149,223.34 152,529.74 156,471.13
815,808.03 839,111.97 863,650.83
₱ 1,782,577.69 ₱ 1,833,279.72 ₱ 1,887,144.41
₱ 2,787,763.06 ₱ 2,868,989.96 ₱ 2,953,872.55

Year 1 Year 2 Year 3

₱ 3,000.00 ₱ 3,150.00 ₱ 3,307.50

456.00 478.80 502.74
3,000.00 3,150.00 3,307.50
3,200.00 3,360.00 3,528.00
936.00 982.80 1,031.94
512.00 537.60 564.48
1,440.00 1,512.00 1,587.60
5,952.00 6,249.60 6,562.08
300.00 315.00 330.75
₱ 18,796.00 ₱ 19,735.80 ₱ 20,722.59

₱ 488.00 ₱ 512.40 ₱ 538.02

300.00 315.00 330.75
170.00 178.50 187.43
360.00 378.00 396.90
1,345.00 1,412.25 1,482.86
400.00 420.00 441.00
108.00 113.40 119.07
2,520.00 2,646.00 2,778.30
1,188.00 1,247.40 1,309.77
240.00 252.00 264.60
180.00 189.00 198.45
₱ 7,299.00 ₱ 7,663.95 ₱ 8,047.15

₱ 26,095.00 ₱ 27,399.75 ₱ 28,769.74

Year 2 Year 3 Year 4

₱ 267,246.00 ₱ 283,414.38 ₱ 300,560.95

13,362.30 14,170.72 15,028.05
10,180.80 10,796.74 11,449.94
₱ 290,789.10 ₱ 308,381.84 ₱ 327,038.94

₱ 114,534.00 ₱ 121,463.31 ₱ 128,811.84

5,726.70 6,073.17 6,440.59
16,788.00 16,788.00 16,788.00
137,048.70 144,324.47 152,040.43
₱ 427,837.80 ₱ 452,706.31 ₱ 479,079.37

Year 3 Year 4 Year 5

1,030.00 1,030.00 1,030.00
300.00 300.00 300.00
1,050.00 1,050.00 1,050.00
818.00 818.00 818.00
640.00 640.00 640.00
540.00 540.00 540.00
530.00 530.00 530.00
4,400.00 4,400.00 4,400.00
300.00 300.00 300.00
₱ 9,608.00 ₱ 9,608.00 ₱ 9,608.00

Year 3 Year 4 Year 5

₱ 36,382.50 ₱ 38,201.63 ₱ 40,111.71
6,680.16 7,014.17 7,364.87
3,904.74 4,099.97 4,304.97
62,445.60 65,567.88 68,846.27
7,938.00 8,334.90 8,751.65
₱ 117,350.99 ₱ 123,218.54 ₱ 129,379.47
 Year 2 Year 3 Year 4
₱ 252,000.00 ₱ 264,600.00 ₱ 277,830.00
126,000.00 132,300.00 138,915.00
₱ 378,000.00 ₱ 396,900.00 ₱ 416,745.00

Year 3 Year 4 Year 5

₱ 25,381.32 ₱ 25,381.32 ₱ 25,381.32

₱ 25,381.32 ₱ 25,381.32 ₱ 25,381.32

₱ 41,261.72 ₱ 41,261.72 ₱ 41,261.72

41,261.72 41,261.72 41,261.72
₱ 66,643.03 ₱ 66,643.03 ₱ 66,643.03

Year 3 Year 4 Year 5

₱ 199,929.09 ₱ 266,572.12 ₱ 333,215.15
₱ 199,929.09 ₱ 266,572.12 ₱ 333,215.15

Year 3 Year 4 Year 5

₱ 310,014.30 ₱ 370,658.72 ₱ 443,166.31
177,539.51 116,895.08 44,387.50
487,553.81 487,553.81 487,553.81

1.50%
60
₱ 40,629.48

Payment Principal Paid Balance

₱ 40,629.48 ₱ 16,629.48 ₱ 1,583,370.52
40,629.48 16,878.93 1,566,491.59
40,629.48 17,132.11 1,549,359.48
40,629.48 17,389.09 1,531,970.39
40,629.48 17,649.93 1,514,320.46
40,629.48 17,914.68 1,496,405.78
40,629.48 18,183.40 1,478,222.39
40,629.48 18,456.15 1,459,766.24
40,629.48 18,732.99 1,441,033.25
40,629.48 19,013.99 1,422,019.26
40,629.48 19,299.19 1,402,720.07
40,629.48 19,588.68 1,383,131.38
40,629.48 19,882.51 1,363,248.87
40,629.48 20,180.75 1,343,068.12
40,629.48 20,483.46 1,322,584.66
40,629.48 20,790.71 1,301,793.94
40,629.48 21,102.57 1,280,691.37
40,629.48 21,419.11 1,259,272.26
40,629.48 21,740.40 1,237,531.86
40,629.48 22,066.51 1,215,465.35
40,629.48 22,397.50 1,193,067.85
40,629.48 22,733.47 1,170,334.38
40,629.48 23,074.47 1,147,259.91
40,629.48 23,420.59 1,123,839.33
40,629.48 23,771.89 1,100,067.43
40,629.48 24,128.47 1,075,938.96
40,629.48 24,490.40 1,051,448.56
40,629.48 24,857.76 1,026,590.81
40,629.48 25,230.62 1,001,360.18
40,629.48 25,609.08 975,751.10
40,629.48 25,993.22 949,757.89
40,629.48 26,383.12 923,374.77
40,629.48 26,778.86 896,595.91
40,629.48 27,180.55 869,415.36
40,629.48 27,588.25 841,827.11
40,629.48 28,002.08 813,825.03
40,629.48 28,422.11 785,402.92
40,629.48 28,848.44 756,554.48
40,629.48 29,281.17 727,273.32
40,629.48 29,720.38 697,552.93
40,629.48 30,166.19 667,386.74
40,629.48 30,618.68 636,768.06
40,629.48 31,077.96 605,690.10
40,629.48 31,544.13 574,145.96
40,629.48 32,017.29 542,128.67
40,629.48 32,497.55 509,631.12
40,629.48 32,985.02 476,646.10
40,629.48 33,479.79 443,166.31
40,629.48 33,981.99 409,184.32
40,629.48 34,491.72 374,692.60
40,629.48 35,009.09 339,683.50
40,629.48 35,534.23 304,149.27
40,629.48 36,067.24 268,082.03
40,629.48 36,608.25 231,473.77
 40,629.48 37,157.38 194,316.40
40,629.48 37,714.74 156,601.66
40,629.48 38,280.46 118,321.20
40,629.48 38,854.67 79,466.53
40,629.48 39,437.49 40,029.05
40,629.48 40,029.05 0.00
₱ 2,437,769.03
 Year 5
₱ 19,118,946.54
456,263.88
₱ 19,575,210.41

Depreciation Expense Annual Input VAT

7,290.00 972.00

16,842.24 2,245.63
1,629.00 217.20
3,877.81 517.04
2,428.33 323.78
2,800.64 373.42
1,800.00 240.00
 612.00 81.60
1,876.32 250.18
720.00 96.00
1,385.37 184.72

15,943.39 2,125.79
1,876.32 250.18
5,760.00 768.00
1,801.60 240.21
₱ 66,643.03 ₱ 8,885.74
 Year 5

₱ 186,384.26
174,769.01
157,643.27
178,280.60
178,280.60
₱ 875,357.72

₱ 157,643.27
157,643.27
130,631.05
130,631.05
130,631.05
130,631.05
₱ 837,810.75

157,643.27
130,631.05
157,643.27
130,631.05
130,631.05
707,179.70
1,544,990.45
₱ 2,420,348.17
https://www.sss.gov.ph/sss/DownloadContent?fileName=2023-Schedule-of-Contributions.pdf
https://philpad.com/new-philhealth-contribution-table/

https://sprout.ph/blog/how-to-calculate-your-hdmf-contribution/
 Year 4 Year 5

₱ 3,472.88 ₱ 3,646.52
527.88 554.27
3,472.88 3,646.52
3,704.40 3,889.62
1,083.54 1,137.71
592.70 622.34
1,666.98 1,750.33
6,890.18 7,234.69
347.29 364.65
₱ 21,758.72 ₱ 22,846.66

₱ 564.92 ₱ 593.17
347.29 364.65
196.80 206.64
416.75 437.58
1,557.01 1,634.86
463.05 486.20
125.02 131.27
2,917.22 3,063.08
1,375.26 1,444.02
277.83 291.72
208.37 218.79
₱ 8,449.50 ₱ 8,871.98

₱ 30,208.22 ₱ 31,718.64

Year 5

₱ 318,744.89
15,937.24
12,142.66
₱ 346,824.80

₱ 136,604.95
6,830.25
16,788.00
160,223.20
₱ 507,048.00
 Year 5
₱ 291,721.50
145,860.75
₱ 437,582.25
of-Contributions.pdf
Projected Income Statement
PINEWRAP MANUFACTURING
Projected Statement of Comprehensive Income
For the Years Ended December 31, 2024 - 2028
(Amounts in PHP)

Note 2024 2025 2026

Net Sales 8 4,527,600.00 6,316,120.80 9,082,163.20
Cost of Goods Sold 9 2,635,064.92 3,122,901.42 3,468,557.84
Gross Profit 1,892,535.08 3,193,219.38 5,613,605.36
Operating Expenses
Salaries Expense 10 777,744.00 801,076.32 825,108.61
Employees Benefits 11 170,385.60 175,193.27 180,076.77
Supplies Expense 12 18,796.00 19,735.80 20,722.59
Utilities Expense 13 130,188.00 137,048.70 144,324.47
Permits and Licenses 14 9,608.00 9,608.00 9,608.00
Miscellaneous Expense 15 106,440.81 111,762.85 117,350.99
Rent Expense 16 10,000.00 120,000.00 126,000.00
Depreciation 17 41,261.72 41,261.72 41,261.72
Interest Expense 19 270,685.19 228,261.75 177,539.51
Total Operating Expense 1,535,109.32 1,643,948.40 1,641,992.66
Net Income Before Income Tax 357,425.77 1,549,270.97 3,971,612.70
Income Tax 16,113.87 289,817.74 993,983.81
Net Income After Tax 341,311.90 1,259,453.23 2,977,628.89
e
8

2027 2028
12,709,708.88 17,840,107.12
3,893,814.98 4,432,127.52
8,815,893.90 13,407,979.60

849,861.87 875,357.72
185,848.37 191,370.42
21,758.72 22,846.66
152,040.43 160,223.20
9,608.00 9,608.00
123,218.54 129,379.47
132,300.00 138,915.00
41,261.72 41,261.72
116,895.08 44,387.50
1,632,792.72 1,613,349.68
7,183,101.18 11,794,629.91
1,957,430.35 3,530,620.47
5,225,670.83 8,264,009.44
Projected Cash Flow Statement
PINEWRAP MANUFACTURING
Projected Statement of Cash Flow
For the Years Ended December 31, 2024 - 2028
(Amounts in PHP)

Pre-Operation 2024 2025

OPERATING ACTIVITIES
Net Income Before Tax 357,425.77 1,549,270.97
Depreciation Expense 66,643.03 66,643.03
Purchase of Inventories (10,500.00) (23,084.21) (10,491.32)
Change in Prepayments (9,608.00) 9,608.00
Unpaid VAT 116,877.85 170,967.80
Payment of VAT Payable - (116,877.85)
Unpaid Government Contributions 13,198.80 13,599.44
Payment of Government Contributions Payable - (13,198.80)
Payment of Income Tax Payable (12,085.40) (221,391.77)
Net Cash Flow from Operating Activities (20,108.00) 528,583.84 1,438,521.51

INVESTING ACTIVITIES
Payment of Noncurrent Asset
Property and Equipment (553,018.87) - -
Net Cash Flow from Investing Activities (553,018.87) - -

FINANCING ACTIVITIES
Proceeds from Loan 1,600,000.00
Payment of Loan (216,868.62) (259,292.06)
Additional Investment 400,000.00
Net Cash Flow form Financing Activities 2,000,000.00 (216,868.62) (259,292.06)
NET CASH FLOW 1,426,873.13 311,715.23 1,179,229.45
Beginning Cash Balance - 1,426,873.13 1,738,588.36
ENDING CASH BALANCE 1,426,873.13 1,738,588.36 2,917,817.80
NG
Flow
2024 - 2028

2026 2027 2028

3,971,612.70 7,183,101.18 11,794,629.91

66,643.03 66,643.03 66,643.03
(13,830.63) (18,068.32) (23,759.58)

256,426.44 368,783.46 529,071.24

(170,967.80) (256,426.44) (368,783.46)
14,006.40 14,487.36 14,947.54
(13,599.44) (14,006.40) (14,487.36)
(817,942.29) (1,716,568.72) (3,137,322.94)
3,292,348.40 5,627,945.16 8,860,938.37

- - -
- - -

(310,014.30) (370,658.72) (443,166.31)

(310,014.30) (370,658.72) (443,166.31)

2,982,334.11 5,257,286.44 8,417,772.07
2,917,817.80 5,900,151.91 11,157,438.35
5,900,151.91 11,157,438.35 19,575,210.41
Projected Statement of Changes in Eq
PINEWRAP MANUFACTURING
For the Years Ended December 31, 2024 - 2028

(Amounts in PHP)

2024 2025 2026 2027 2028

Sugarol, Capital
Beginning Balance 400,000.00 741,311.90 2,000,765.13 4,978,394.02 10,204,064.85
Net Income 341,311.90 1,259,453.23 2,977,628.89 5,225,670.83 8,264,009.44
Withdrawals (136,524.76) (503,781.29) (1,191,051.56) (2,090,268.33) (3,305,603.78)
Ending Balance 741,311.90 2,000,765.13 4,978,394.02 10,204,064.85 18,468,074.29
Projected Balance Sheet
PINEWRAP MANUFACTUR
Projected Statement of Financial
December 31, 2024 - 202
(Amounts in PHP)

Note Pre-Operation
ASSETS
Current Assets
Cash 1 1,426,873.13
Inventories 2 10,500.00
Prepayments 3 9,608.00
Total Current Assets 1,446,981.13

Noncurrent Assets
Property and Equipment 4 553,018.87
Accumulated Depreciation 17
Total Noncurrent Assets 553,018.87

TOTAL ASSETS 2,000,000.00

LIABILITIES AND OWNER'S EQUITY

Current Liabilities
VAT Payable 5
Government Contribution Payable 6
Income Tax Payable 7
Total Current Liabilities -

Noncurrent Liabilities
Loans Payable 19 1,600,000.00
Total Liabilities 1,600,000.00

Owner's Equity
Sugarol, Capital 400,000.00
Total Owner's Equity 400,000.00

TOTAL LIABILITIES AND OWNER'S EQUITY 2,000,000.00

-
 PINEWRAP MANUFACTURING
Projected Statement of Financial Position
December 31, 2024 - 2028

2024 2025 2026 2027

1,738,588.36 2,917,817.80 5,900,151.91 11,157,438.35

33,584.21 44,075.53 57,906.16 75,974.47
- - - -
1,772,172.57 2,961,893.33 5,958,058.07 11,233,412.82

553,018.87 553,018.87 553,018.87 553,018.87

(66,643.03) (133,286.06) (199,929.09) (266,572.12)
486,375.84 419,732.81 353,089.78 286,446.75

2,258,548.41 3,381,626.14 6,311,147.85 11,519,859.57

116,877.85 170,967.80 256,426.44 368,783.46

13,198.80 13,599.44 14,006.40 14,487.36
4,028.47 72,454.44 248,495.95 489,357.59
134,105.12 257,021.68 518,928.79 872,628.41

1,383,131.38 1,123,839.33 813,825.03 443,166.31

1,517,236.50 1,380,861.01 1,332,753.83 1,315,794.72

741,311.90 2,000,765.13 4,978,394.02 10,204,064.85

741,311.90 2,000,765.13 4,978,394.02 10,204,064.85

2,258,548.41 3,381,626.14 6,311,147.85 11,519,859.57

- - - -
 2028

19,575,210.41
99,734.05
-
19,674,944.47

553,018.87
(333,215.15)
219,803.72

19,894,748.18

529,071.24
14,947.54
882,655.12
1,426,673.89

1,426,673.89

18,468,074.29
18,468,074.29

19,894,748.18

-
Financial Ratios
PINEWRAP MANUFACTURING
Liquidity Ratios

Year 1 Year 2 Year 3 Year 4

Current Assets ₱ 1,772,172.57 ₱ 2,961,893.33 ₱ 5,958,058.07 ₱ 11,233,412.82
Divided by: Current Liablities 134,105.12 257,021.68 518,928.79 872,628.41
Current Ratio 13.21 11.52 11.48 12.87

Year 1 Year 2 Year 3 Year 4

Cash ₱ 1,738,588.36 ₱ 2,917,817.80 ₱ 5,900,151.91 ₱ 11,157,438.35
Divided by: Current Liablities 134,105.12 257,021.68 518,928.79 872,628.41
Cash Ratio 12.96 11.35 11.37 12.79

Solvency Ratios

Year 1 Year 2 Year 3 Year 4

Total Debt ₱ 134,105.12 ₱ 257,021.68 ₱ 518,928.79 ₱ 872,628.41
Divided by: Total Assets 2,258,548.41 3,381,626.14 6,311,147.85 11,519,859.57
Debt-to-Asset Ratio 5.94% 7.60% 8.22% 7.57%

Year 1 Year 2 Year 3 Year 4

Total Debt ₱ 134,105.12 ₱ 257,021.68 ₱ 518,928.79 ₱ 872,628.41
Divided by: Total Equity 741,311.90 2,000,765.13 4,978,394.02 10,204,064.85
Debt-to-Equity Ratio 18.09% 12.85% 10.42% 8.55%

Profitability Ratios

Year 1 Year 2 Year 3 Year 4

Gross Profit ₱ 1,892,535.08 ₱ 3,193,219.38 ₱ 5,613,605.36 ₱ 8,815,893.90
Divided by: Sales 5,145,000.00 7,177,410.00 10,320,640.00 14,442,851.00
Gross Profit Margin 36.78% 44.49% 54.39% 61.04%
 Year 1 Year 2 Year 3 Year 4
Net Income Before Tax ₱ 357,425.77 ₱ 1,549,270.97 ₱ 3,971,612.70 ₱ 7,183,101.18
Divided by: Sales 5,145,000.00 7,177,410.00 10,320,640.00 14,442,851.00
Operating Profit Margin 6.95% 21.59% 38.48% 49.73%

Year 1 Year 2 Year 3 Year 4

Net Income After Tax ₱ 341,311.90 ₱ 1,259,453.23 ₱ 2,977,628.89 ₱ 5,225,670.83
Divided by: Sales 5,145,000.00 7,177,410.00 10,320,640.00 14,442,851.00
Net Profit Margin 6.63% 17.55% 28.85% 36.18%

Year 1 Year 2 Year 3 Year 4

Retained Earnings ₱ 341,311.90 ₱ 1,600,765.13 ₱ 4,578,394.02 ₱ 9,804,064.85
Divided by: Initial Investment 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00
Return on Investment 17.07% 80.04% 228.92% 490.20%

Year 1 Year 2 Year 3 Year 4

Net Income ₱ 341,311.90 ₱ 1,259,453.23 ₱ 2,977,628.89 ₱ 5,225,670.83
Divided by: Total Assets 2,129,274.20 2,820,087.27 4,846,386.99 8,915,503.71
Return on Assets 16.03% 44.66% 61.44% 58.61%

Year 1 Year 2 Year 3 Year 4

Net Income ₱ 341,311.90 ₱ 1,259,453.23 ₱ 2,977,628.89 ₱ 5,225,670.83
Divided by: Total Equity 570,655.95 1,371,038.52 3,489,579.58 7,591,229.43
Return on Equity 59.81% 91.86% 85.33% 68.84%
 Year 5
₱ 19,674,944.47
1,426,673.89
13.79

Year 5
₱ 19,575,210.41
1,426,673.89
13.72

Year 5
₱ 1,426,673.89
19,894,748.18
7.17%

Year 5
₱ 1,426,673.89
18,468,074.29
7.73%

Year 5
₱ 13,407,979.60
20,272,849.00
66.14%
 Year 5
₱ 11,794,629.91
20,272,849.00
58.18%

Year 5
₱ 8,264,009.44
20,272,849.00
40.76%

Year 5
₱ 18,068,074.29
2,000,000.00
903.40%

Year 5
₱ 8,264,009.44
15,707,303.88
52.61%

Year 5
₱ 8,264,009.44
14,336,069.57
57.64%
Payback Period
Operating Cash
Count Month Year Running Balance The PAYBACK PERIOD will be 25 months or 2 year/s and
Flow
0 Initial Capital ₱ 2,000,000.00
1 January 2024 44,048.65 1,955,951.35
2 February 2024 44,048.65 1,911,902.69
3 March 2024 44,048.65 1,867,854.04
4 April 2024 44,048.65 1,823,805.39
5 May 2024 44,048.65 1,779,756.73
6 June 2024 44,048.65 1,735,708.08
7 July 2024 44,048.65 1,691,659.43
8 August 2024 44,048.65 1,647,610.77
9 September 2024 44,048.65 1,603,562.12
10 October 2024 44,048.65 1,559,513.47
11 November 2024 44,048.65 1,515,464.81
12 December 2024 44,048.65 1,471,416.16
13 January 2025 119,876.79 1,351,539.37
14 February 2025 119,876.79 1,231,662.58
15 March 2025 119,876.79 1,111,785.78
16 April 2025 119,876.79 991,908.99
17 May 2025 119,876.79 872,032.20
18 June 2025 119,876.79 752,155.41
19 July 2025 119,876.79 632,278.61
20 August 2025 119,876.79 512,401.82
21 September 2025 119,876.79 392,525.03
22 October 2025 119,876.79 272,648.24
23 November 2025 119,876.79 152,771.45
24 December 2025 119,876.79 32,894.65
25 January 2026 274,362.37 241,467.71
1 month/s
 Monthly Year 1 Year 2 Year 3 Year 4 Year 5
1 15 180 225 281 351 439
2 19 228 285 356 445 556
3 22 264 330 413 516 645
4 24 288 360 450 563 704
5 29 348 435 544 680 850
6 35 420 525 656 820 1025
7 (M) 54 648 810 1013 1266 1583
8 (L) 40 480 600 750 938 1173
9 (XL) 38 456 570 713 891 1114
276

SP Per Piece Mark up Cost Cost Per Bundle Mark up

1 0.25 0.21 0.04 37.50 85%
2 0.50 0.43 0.08 75.00 85%
3 0.75 0.64 0.11 112.50 85%
4 1.00 0.85 0.15 150.00 85%
5 1.50 1.28 0.23 225.00 85%
6 2.00 1.70 0.30 300.00 85%
7 (M) 2.25 1.91 0.34 168.75 85%
8 (L) 3.00 2.55 0.45 225.00 85%
9 (XL) 3.50 2.98 0.52 262.50 85%

Quantity/ Bundles Monthly

Monthly Sales
Sizes Bundle Unit Price Price Bundles Sales Annual Sales
1 1000 0.25 250 15 3750 45000
 2 1000 0.50 500 19 9500 114000
3 1000 0.75 750 22 16500 198000
4 1000 1.00 1000 24 24000 288000
5 1000 1.50 1500 29 43500 522000
6 1000 2.00 2000 35 70000 840000
7 (M) 500 2.25 1125 54 60750 729000
8 (L) 500 3.00 1500 40 60000 720000
9 (XL) 500 3.50 1750 38 66500 798000
Total