ABCDEFGHIJKLMNOPQRSTUVWXYZ
4
Initial Project Cost
5
Notes
6
6Production Equipment 5,000.00
7
7Office Equipment 26,785.00
8
5Furniture and Fixtures 11,691.00
9
3Supplies (Office, Cleaning, Production) 9,153.00
10
1Inventory 6,645.77 500 6,145.77
11
4Prepaid Expenses 12,167.22
12
15Leasehold 40,000.00
13
Total Project Cost 111,441.99
14
15
16
17
Capital to be Contributed by the Partners
18
19
Bayani 20,300.00 20,300.00 14.50%5800014.50%
20
Borja 24,500.00 24,500.00 17.50%7000017.50%
21
Buzon 20,300.00 20,300.00 14.50%5800014.50%
22
Delos Reyes 20,300.00 20,300.00 14.50%5800014.50%
23
Pamintuan 14,000.00 14,000.00 10.00%4000010.00%
24
Sta. Juana 20,300.00 20,300.00 14.50%5800014.50%
25
Yumul 20,300.00 20,300.00 14.50%5800014.50%
26
Total Capital 140,000.00 140,000.00 100.00%
27
400000
28
 111,441.99
29
Total Capital 140,000.00 288,558.01
30
Less: Project Costs 111,441.99
31
Cash Beginning 28,558.01
32
33
34
Futuwrite Handmaede Paper
35
Statement Of Financial Position
36
Pre-Operating Five Year Projected Balance Sheet
37
As for the years 2022-2026
38
NotesPre-Operating20222023202420252026
39
ASSETS
40
Current Assets
41
Cash ₱ 28,558.01 ₱ 117,937.15 ₱ 179,338.19 ₱ 247,830.66 ₱ 325,840.28 ₱ 416,458.98 984,327.53
42
1Inventory 6,645.77 20,742.77 21,792.35 23,117.33 24,758.66 26,516.52
43
2Accounts Receivable, net0 33,071.63 33,733.07 34,745.06 36,134.86 37,941.60 39,838.68
44
3Supplies 9,153.00 9,153.00 9,153.00 9,153.00 9,153.00 9,153.00 9,153.00
45
4Prepaid Expenses 12,167.22
46
Total Current Assets 56,524.00 180,904.56 244,016.61 314,846.05 395,886.80 490,070.11
47
Noncurrent Assets
48
5Furniture and Fixtures 11,691.00 9,352.80 7,014.60 4,676.40 2,338.20 -
49
6Production Equipment 5,000.00 4,000.00 3,000.00 2,000.00 1,000.00 -
50
Leasehold 40,000.00 28,000.00 16,000.00 4,000.00 - 8,000.00 - 20,000.00
51
7Office Equipment 26,785.00 21,428.00 16,071.00 10,714.00 5,357.00 -
52
Total Noncurrent Assets 83,476.00 62,780.80 42,085.60 21,390.40 695.20 - 20,000.00
53
TOTAL ASSETS ₱ 140,000.00 ₱ 243,685.36 ₱ 286,102.21 ₱ 336,236.45 ₱ 396,582.00 ₱ 470,070.11
54
LIABILITIES AND EQUITY
55
Current Liabilities
56
10Contribution Payable ₱ 18,032.00 ₱ 18,032.00 ₱ 18,032.00 ₱ 18,032.00 ₱ 18,032.00
57
12Utilities Payable 3,222.00 3,286.44 3,352.17 3,419.21 3,487.60
58
Accounts Payable 29,973.08 30,049.24 31,588.26 33,528.47 35,909.00
59
Taxes Payable 18,299.40 21,131.04 24,300.19 28,827.38 34,837.18
60
Total Current Liabilities 69,526.48 72,498.72 77,272.62 83,807.06 92,265.77
61
Capital
62
Bayani ₱ 20,300.00 25,253.04 30,972.51 37,549.76 45,352.37 54,781.63
63
Borja 24,500.00 30,477.80 37,380.61 45,318.67 54,735.61 66,115.76
64
Buzon 20,300.00 25,253.04 30,972.51 37,549.76 45,352.37 54,781.63
65
Delos Reyes 20,300.00 25,253.04 30,972.51 37,549.76 45,352.37 54,781.63
66
Pamintuan 14,000.00 17,415.89 21,360.35 25,896.38 31,277.49 37,780.43
67
Sta. Juana 20,300.00 25,253.04 30,972.51 37,549.76 45,352.37 54,781.63
68
Yumul 20,300.00 25,253.04 30,972.51 37,549.76 45,352.37 54,781.63
69
70
Total Capital 140,000.00 174,158.88 213,603.49 258,963.84 312,774.94 377,804.34
71
TOTAL LIABILITIES AND CAPITAL
 ₱ 140,000.00 ₱ 243,685.36 ₱ 286,102.21 ₱ 336,236.45 ₱ 396,582.00 ₱ 470,070.11
72
73
74
Futuwrite Handmade Paper
75
Five-Year Projected Statement of Compre Income
76
As for the years 2022-2026
77
30% income tax to be paid in succeeding quearter
78
Notes20222023202420252026
79
8Sales 2,004,341.38 2,044,428.21 2,105,761.06 2,189,991.50 2,299,491.07 2,414,465.63
80
9Cost of Sales 700,819.91 714,781.34 732,974.13 755,940.36 784,390.09 813,859.74
81
Gross Profit 1,303,521.47 1,329,646.87 1,372,786.93 1,434,051.13 1,515,100.98 1,600,605.88
82
Operating Expenses 1,059,529.48 1,047,899.69 1,048,784.42 1,049,686.13 1,050,605.26 1,001,650.26
83
Income Before tax 243,992.00 281,747.18 324,002.50 384,365.01 464,495.73 598,955.62
84
Income Tax 73,197.60 84,524.15 97,200.75 115,309.50 139,348.72 179,686.69
85
Net Income 170,794.40 197,223.03 226,801.75 269,055.50 325,147.01 419,268.94
86
87
88
Futuwrite Handmade Paper
89
Five-Year Projected Expense
90
As for the years 2022-2026
91
Notes20222023202420252026
92
10Salaries 548,688.00 548,688.00 548,688.00 548,688.00 548,688.00 548,688.00
93
1013-Month Pay 75,244.00 75,244.00 75,244.00 75,244.00 75,244.00 75,244.00
94
10Contributions 216,384.00 216,384.00 216,384.00 216,384.00 216,384.00 216,384.00
95
3Supplies Expense 9,153.00 9,244.53 9,336.98 9,430.35 9,524.65 9,619.89
96
4Organizational Costs 12,167.22
97
11Advertising Expense7,2007,2007,2007,2007,200
98
12Utilities Expense 38,664.00 39,437.28 40,226.03 41,030.55 41,851.16
99
Miscellaneous720007200072000720007200072000
100
Professional Fee600006000060000600006000060000
101
2Doubtful Accounts Expense 334.06 6.68 10.22 14.04 18.25 19.16
102
13Depreciation Furniture and Fixture 2,338.20 2,338.20 2,338.20 2,338.20 2,338.20 2,338.20
103
13Depreciation Office Equipments 5,357.00 5,357.00 5,357.00 5,357.00 5,357.00 5,357.00