Republic of the Philippines

NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY

OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

SHAWARMA BITES
Projected Cash Flow Statement
Five-Year Period

Pre-Operating Year 1 Year 2 Year 3 Year 4 Year 5

CASH INFLOWS:

Capital, beginning ₱200,223.45 - - - - -

Net Sales - ₱2,251,616.40 ₱2,476,778.04 ₱2,724,455.84 ₱2,996,901.43 ₱3,296,591.57

Total ₱200,223.45 ₱2,251,616.40 ₱2,476,778.04 ₱2,724,455.84 ₱2,996,901.43 ₱3,296,591.57

CASH OUTFLOWS:

₱48,843.0
Building Improvements 0 - - - - -
Machines and
Equipment 88,152.00 - - - - -
Furniture and Fixtures 9,178.00 - - - - -
Cooking Tools 1,712.00 - - - - -

Purchases 12,775.50 ₱1,250,502.90 ₱1,389,606.24 ₱1,528,566.86 ₱1,681,423.55 ₱1,849,565.91

Permits and Licenses 5,397.45 - 5,937.20 6,530.91 7,184.01 7,902.41
Rental 14,000.00 84,000.00 92,400.00 101,640.00 111,804.00 122,984.40
Other Supplies 3,256.00 35,816.00 42,979.20 47,277.12 52,004.83 57,205.32

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

Salaries - 428,160.00 428,160.00 470,976.00 470,976.00 518,073.60

SSS & Philhealth - 3,404.80 3,404.80 3,745.28 3,745.28 4,119.81

Electricity - 54,000.00 59,400.00 65,340.00 71,874.00 79,061.40

Water - 6,000.00 6,600.00 7,260.00 7,986.00 8,784.60

Communications - 21,588.00 23,746.80 26,121.48 28,733.63 31,606.99

Transportation - 1,920.00 2,112.00 2,323.20 2,555.52 2,811.07

Advertising - 1,730.00 1,730.00 1,730.00 1,730.00 1,730.00

Repair and
Maintenance - - 8,000.00 8,800.00 9,680.00 10,648.00

Income Tax - 4,290.40 18,217.61 26,506.25 48,897.71

Withdrawals 30,000.00 30,000.00 30,000.00 30,000.00 30,000.00

Total ₱183,313.95 ₱ 1,917,121.70 ₱2,098,366.64 ₱2,318,528.47 ₱2,506,203.07 ₱2,773,391.21

NET CASH FLOW ₱16,909.50 ₱334,494.70 ₱378,411.41 ₱405,927.38 ₱490,698.36 ₱523,200.36

Add: Cash balance, beginning - 16,909.50 351,404.20 729,815.61 1,135,742.98 1,626,441.34

CASH BALANCE, END ₱16,909.50 ₱351,404.20 ₱729,815.61 ₱1,135,742.98 ₱1,626,441.34 ₱2,149,641.71

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

SHAWARMA BITES
Projected Statement of Comprehensive Income
Five-Year Period

Year 1 Year 2 Year 3 Year 4 Year 5

Revenues

₱2,274,360.0
Sales 0 ₱2,501,796.00 ₱2,751,975.60 ₱3,027,173.16 ₱3,329,890.48

Less: Spoilage 22,743.60 25,017.96 27,519.76 30,271.73 33,298.90

Net Sales 2,251,616.40 2,476,778.04 2,724,455.84 2,996,901.43 3,296,591.57

Less: Cost of
Sales 1,263,278.40 1,389,606.24 1,528,566.86 1,681,423.55 1,849,565.91

Gross Income ₱988,338.00 ₱1,087,171.80 ₱1,195,888.98 ₱1,315,477.88 ₱1,447,025.67

Less: Operating Permits and
Expenses licenses 5,397.45 5,937.20 6,530.91 7,184.01 7,902.41

Rental 84,000.00 92,400.00 101,640.00 111,804.00 122,984.40

Other supplies 39,072.00 42,979.20 47,277.12 52,004.83 57,205.32

Salaries 428,160.00 428,160.00 470,976.00 470,976.00 518,073.60

SSS & Philhealth 3,404.80 3,404.80 3,745.28 3,745.28 4,119.81

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

Electricity 54,000.00 59,400.00 65,340.00 71,874.00 79,061.40

Water 6,000.00 6,600.00 7,260.00 7,986.00 8,784.60

Communications 21,588.00 23,746.80 26,121.48 28,733.63 31,606.99

Transportation 1,920.00 2,112.00 2,323.20 2,555.52 2,811.07

Advertising 1,730.00 1,730.00 1,730.00 1,730.00 1,730.00

Repair and Maintenance - 8,000.00 8,800.00 9,680.00 10,648.00

Depreciation 21,613.76 21,613.76 21,613.76 21,613.76 21,613.76

Total ₱666,886.01 ₱696,083.75 ₱763,357.75 ₱789,887.02 ₱866,541.35

Net Income before
Tax 321,451.99 391,088.05 432,531.23 525,590.85 580,484.32

Less: Income Tax 4,290.40 18,217.61 26,506.25 48,897.71 62,621.08

NET INCOME ₱317,161.59 ₱372,870.44 ₱406,024.98 ₱476,693.14 ₱517,863.24

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

Shawarma Bites
Projected Statement of Financial Position
Five-Year Period

Pre-
Year 1 Year 2 Year 3 Year 4 Year 5
Operating

ASSETS

CURRENT

Cash ₱16,909.50 ₱351,404.20 ₱729,815.61 ₱1,135,742.98 ₱1,626,441.34 ₱2,149,641.71

Prepaid Expenses 35,428.95 14,000.00 14,000.00 14,000.00 14,000.00 14,000.00

Total ₱52,338.45 ₱365,404.20 ₱743,815.61 ₱1,149,742.98 ₱1,640,441.34 ₱ 2,163,641.71

NON-CURRENT

Building Improvements ₱48,843.00 ₱48,843.00 ₱48,843.00 ₱48,843.00 ₱48,843.00 ₱48,843.00

Less: Accumulated
Depreciation - 8,791.74 17,583.48 26,375.22 35,166.96 43,958.70

Net Book Value ₱48,843.00 ₱40,051.26 ₱31,259.52 ₱22,467.78 ₱13,676.04 ₱4,884.30

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

Machines and Equipment ₱88,152.00 ₱88,152.00 ₱88,152.00 ₱88,152.00 ₱88,152.00 ₱88,152.00

Less: Accumulated
Depreciation - 11,333.83 22,667.66 34,001.49 45,335.31 56,669.14

Net Book Value ₱88,152.00 ₱76,818.17 ₱65,484.34 ₱54,150.51 ₱42,816.69 ₱31,482.86

Furniture and Fixture 9,178.00 9,178.00 9,178.00 9,178.00 9,178.00 9,178.00

Less: Accumulated
Depreciation - 1,180.03 2,360.06 3,540.09 4,720.11 5,900.14

Net Book Value ₱9,178.00 ₱7,997.97 ₱6,817.94 ₱5,637.91 ₱4,457.89 ₱3,277.86

Cooking Tools ₱1,712.00 ₱1,712.00 ₱1,712.00 ₱1,712.00 ₱1,712.00 ₱1,712.00

Less: Accumulated
Depreciation - 308.16 616.32 924.48 1,232.64 1,540.80

Net Book Value ₱1,712.00 ₱1,403.84 ₱1,095.68 ₱787.52 ₱479.36 ₱171.20

Total ₱147,885.00 ₱126,271.24 ₱104,657.49 ₱83,043.73 ₱61,429.97 ₱39,816.21

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

₱1,701,871.3
TOTAL ASSETS ₱200,223.45 ₱491,675.44 ₱848,473.09 ₱1,232,786.71 1 ₱ 2,203,457.92

LIABILITIES AND
CAPITAL

LIABILITIES

Income Tax Payable - ₱4,290.40 ₱18,217.61 ₱26,506.25 ₱48,897.71 ₱62,621.08

- ₱4,290.40 ₱18,217.61 ₱26,506.25 ₱48,897.71 ₱62,621.08

CAPITA
L

₱1,772,973.6
Capital ₱200,223.45 ₱200,223.45 ₱517,385.04 ₱890,255.48 ₱1,296,280.46 0

Add: Net Income - 317,161.59 372,870.44 406,024.98 476,693.14 517,863.24

Total 200,223.45 517,385.04 890,255.48 1,296,280.46 1,772,973.60 2,290,836.84

Less: Withdrawals - 30,000.00 60,000.00 90,000.00 120,000.00 150,000.00

₱2,140,836.8
₱200,223.45 ₱487,385.04 ₱830,255.48 ₱1,206,280.46 ₱1,652,973.60 4

TOTAL LIABILITIES AND

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

₱1,232,786.7 ₱1,701,871.3
CAPITAL ₱200,223.45 ₱491,675.44 ₱848,473.09 1 1 ₱2,203,457.92

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

Schedule 1
Sales
Adobo Shawarma
Month Quantity Sold Selling Price Total
per Unit Sales

January 720 ₱45.00 ₱32,400.00

February 735 45.00 33,075.00
March 662 45.00 29,790.00
April 629 45.00 28,305.00
May 598 45.00 26,910.00
June 658 45.00 29,610.00
July 685 45.00 30,825.00
August 720 45.00 32,400.00
September 720 45.00 32,400.00
October 720 45.00 32,400.00
November 806 45.00 36,270.00
December 927 45.00 41,715.00

Total 8580   ₱386,100.00

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

Beef Shawarma
Quantity
Month Sold Selling Price Total
per Unit Sales

January 810 ₱50.00 ₱40,500.00

February 826 50.00 41,300.00
March 910 50.00 45,500.00
April 865 50.00 43,250.00
May 822 50.00 41,100.00
June 905 50.00 45,250.00
July 940 50.00 47,000.00
August 987 50.00 49,350.00
September 987 50.00 49,350.00
October 987 50.00 49,350.00
November 1105 50.00 55,250.00
December 1270 50.00 63,500.00

Total 11414   ₱570,700.00

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

Sisig Shawarma
Quantity
Month Sold Selling Price Total
per Unit Sales

January 1080 ₱45.00 ₱48,600.00

February 1100 45.00 49,500.00
March 990 45.00 44,550.00
April 940 45.00 42,300.00
May 893 45.00 40,185.00
June 982 45.00 44,190.00
July 1022 45.00 45,990.00
August 1073 45.00 48,285.00
September 1073 45.00 48,285.00
October 1073 45.00 48,285.00
November 1202 45.00 54,090.00
December 1382 45.00 62,190.00

Total 12810   ₱576,450.00

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

Tuna Shawarma
Month Quantity Sold Selling Price Total
per Unit Sales

January 540 ₱40.00 ₱21,600.00

February 550 40.00 22,000.00
March 495 40.00 19,800.00
April 470 40.00 18,800.00
May 446 40.00 17,840.00
June 491 40.00 19,640.00
July 511 40.00 20,440.00
August 516 40.00 20,640.00
September 516 40.00 20,640.00
October 516 40.00 20,640.00
November 578 40.00 23,120.00
December 665 40.00 26,600.00

Total 6294   ₱251,760.00

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

Veggie Shawarma
Qua
Month ntity Sold Selling Price Total
per Unit Sales

January 450 ₱25.00 ₱11,250.00

February 459 25.00 11,475.00
March 413 25.00 10,325.00
April 392 25.00 9,800.00
May 372 25.00 9,300.00
June 410 25.00 10,250.00
July 426 25.00 10,650.00
August 447 25.00 11,175.00
September 447 25.00 11,175.00
October 447 25.00 11,175.00
November 500 25.00 12,500.00
December 575 25.00 14,375.00

Total 5338   ₱133,450.00

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

Iced Tea
Quantity
Month Sold Selling Price Total
per Unit Sales

January 1200 ₱ 10.00 ₱ 12,000.00

February 1224 10.00 12,240.00
March 1101 10.00 11,010.00
April 1046 10.00 10,460.00
May 993 10.00 9,930.00
June 1090 10.00 10,900.00
July 1133 10.00 11,330.00
August 1190 10.00 11,900.00
September 1190 10.00 11,900.00
October 1190 10.00 11,900.00
November 1330 10.00 13,300.00
December 1530 10.00 15,300.00

Total 14217   142,170.00

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

Pineapple Juice
Quantity
Month Sold Selling Price Total
per Unit Sales

January 1800 ₱10.00 ₱18,000.00

February 1836 10.00 18,360.00
March 1652 10.00 16,520.00
April 1569 10.00 15,690.00
May 1491 10.00 14,910.00
June 1640 10.00 16,400.00
July 1705 10.00 17,050.00
August 1790 10.00 17,900.00
September 1790 10.00 17,900.00
October 1790 10.00 17,900.00
November 2005 10.00 20,050.00
December 2305 10.00 23,050.00

Total 21373   ₱213,730.00

TOTAL SALES ₱ 2,274,360.00

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

Schedule 2 Cost of Sales

Adobo Shawarma
Quantit
Month y Cost Total
per Unit Cost

January 720 ₱30.40 ₱21,888.00

February 735 30.40 22,344.00
March 662 30.40 20,124.80
April 629 30.40 19,121.60
May 598 30.40 18,179.20
June 658 30.40 20,003.20
July 685 30.40 20,824.00
August 720 30.40 21,888.00
September 720 30.40 21,888.00
October 720 30.40 21,888.00
November 806 30.40 24,502.40
December 927 30.40 28,180.80

Total 8,580.00   ₱260,832.00

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

Beef Shawarma
Quantit
Month y Cost Total
per Unit Cost

January 810 ₱29.25 ₱23,692.50

February 826 29.25 24,160.50
March 910 29.25 26,617.50
April 865 29.25 25,301.25
May 822 29.25 24,043.50
June 905 29.25 26,471.25
July 940 29.25 27,495.00
August 987 29.25 28,869.75
September 987 29.25 28,869.75
October 987 29.25 28,869.75
November 1105 29.25 32,321.25
December 1270 29.25 37,147.50

Total 11,414.00   ₱333,859.50

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

Sisig Shawarma
Month Quantity Cost Total
per Unit Cost

January 1080 ₱21.75 ₱23,490.00

February 1100 21.75 23,925.00
March 990 21.75 21,532.50
April 940 21.75 20,445.00
May 893 21.75 19,422.75
June 982 21.75 21,358.50
July 1022 21.75 22,228.50
August 1073 21.75 23,337.75
September 1073 21.75 23,337.75
October 1073 21.75 23,337.75
November 1202 21.75 26,143.50
December 1382 21.75 30,058.50

12,810.0
Total 0   ₱278,617.50

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

Tuna Shawarma
Quantit
Month y Cost Total
per Unit Cost

January 540 ₱27.65 ₱14,931.00

February 550 27.65 15,207.50
March 495 27.65 13,686.75
April 470 27.65 12,995.50
May 446 27.65 12,331.90
June 491 27.65 13,576.15
July 511 27.65 14,129.15
August 516 27.65 14,267.40
September 516 27.65 14,267.40
October 516 27.65 14,267.40
November 578 27.65 15,981.70
December 665 27.65 18,387.25

Total 6,294.00   ₱174,029.10

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

Veggie Shawarma
Quantit
Month y Cost Total
per Unit Cost

January 450 ₱11.65 ₱ 5,242.50

February 459 11.65 5,347.35
March 413 11.65 4,811.45
April 392 11.65 4,566.80
May 372 11.65 4,333.80
June 410 11.65 4,776.50
July 426 11.65 4,962.90
August 447 11.65 5,207.55
September 447 11.65 5,207.55
October 447 11.65 5,207.55
November 500 11.65 5,825.00
December 575 11.65 6,698.75

5,338.0
Total 0   ₱ 62,187.70

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

Iced Tea
Quantit
Month y Cost Total
per Unit Cost

January 1200 ₱4.20 ₱ 5,040.00

February 1224 4.20 5,140.80
March 1101 4.20 4,624.20
April 1046 4.20 4,393.20
May 993 4.20 4,170.60
June 1090 4.20 4,578.00
July 1133 4.20 4,758.60
August 1190 4.20 4,998.00
September 1190 4.20 4,998.00
October 1190 4.20 4,998.00
November 1330 4.20 5,586.00
December 1530 4.20 6,426.00

Total 14,217.00   ₱59,711.40

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

Pineapple Juice

Month Quantity Cost Total

per Unit Cost

January 1800 ₱ 4.40 ₱7,920.00

February 1836 4.40 8,078.40
March 1652 4.40 7,268.80
April 1569 4.40 6,903.60
May 1491 4.40 6,560.40
June 1640 4.40 7,216.00
July 1705 4.40 7,502.00
August 1790 4.40 7,876.00
September 1790 4.40 7,876.00
October 1790 4.40 7,876.00
November 2005 4.40 8,822.00
December 2305 4.40 10,142.00

Total 21,373.00   ₱94,041.20

TOTAL COST OF SALES ₱1,263,278.40

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

Schedule 3
Sales Breakdown
Yr 1 Yr 2 Yr 3 Yr 4 Yr 5

₱2,501,796.0
Sales 100% ₱2,274,360.00 0 ₱2,751,975.60 ₱3,027,173.16 ₱3,329,890.48

Less: Spoilage 1% 22,743.60 25,017.96 27,519.76 30,271.73 33,298.90

₱2,476,778.0
Net Sales 99% ₱2,251,616.40 4 ₱2,724,455.84 ₱2,996,901.43 ₱3,296,591.57

Schedule 4
Permits and Licenses

Particulars Amount

Barangay Permit ₱500

DTI Permit 1050
Barangay Working Permit 500
Community Tax Certificate 50
Mayor's Permit 2,732.45
BIR Registration Fees 565

Total ₱5397.45

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

Schedule 5
Advertising Expense

Item Quantity Unit Cost Amount

Tarpaulins/Streamers 9 ₱150.00 ₱1350.00

Flyers 200 0.50 100.00
Signage 1 280.00 280.00

Total   ₱430.50 ₱1730.00

Schedule 6
Salaries & Employer's Share
No. Mo. Salary Annual Employer Employer Total
Salary Share Share Employer's
(Philhealth) (SSS) Share

Owner/Manager/Cashier 1 ₱5,000.00 ₱60,000.00 ₱137.50 ₱378.30 ₱515.80

Service Crew 2 9880.00 237,120.00 275.00 1,493.40 1,768.40

Cook 1 10,920.00 131,040.00 300.30 820.30 1,120.60

₱428,160.0
Total 0 ₱712.80 ₱2,692.00 ₱3,404.80

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

Schedule 7
Depreciation
Cost Salvage Depreciable Estimated Annual
Depreciatio
Value Value Useful n
(10% of
cost) Life

Building Improvements ₱48,843.00 4,884.30 43,958.70 5 ₱8,791.74

Machines and Equipment 88,152.00 8,815.20 79,336.80 7 11,333.83
Furniture & Fixture 9,178.00 917.80 8,260.20 7 1,180.03
Cooking Tools 1,712.00 171.20 1,540.80 5 308.16

Total ₱147,885.00 ₱21,613.76

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NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

Schedule 8
Income Tax
Yr 1 Yr 2 Yr 3 Yr 4 Yr 5

Net Income before Tax ₱321,451.99 ₱391,088.05 ₱432,531.23 ₱525,590.85 ₱580,484.32

Less: Personal Exemption 50,000.00 50,000.00 50,000.00 50,000.00 50,000.00

Net Taxable Income ₱271,451.99 ₱341,088.05 ₱382,531.23 ₱475,590.85 ₱530,484.32

Tax on Base - - - ₱30,000.00 ₱30,000.00

Tax on Excess 4,290.40 18,217.61 26,506.25 18,897.71 32,621.08

Total Tax Payable ₱4,290.40 ₱18,217.61 ₱26,506.25 ₱48,897.71 ₱62,621.08

Schedule 9
Withdrawals (Drawings)

Withdrawal, beginning - ₱30,000.00 ₱60,000.00 ₱90,000.00 ₱120,000.00

Add: Withdrawal for the year ₱30,000.00 30,000.00 30,000.00 30,000.00 30,000.00

Withdrawals, ending ₱30,000.00 ₱60,000.00 ₱90,000.00 ₱120,000.00 ₱150,000.00

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

Schedule 10
Leasehold/Building Improvements

Materials Specification Quantity Unit Cost Total Cost

Plywood 10 pcs ₱260 ₱2,600.00

Good Lumber 40 pcs 48 1,920.00
60x60 Tiles 11 pcs 190 2,090.00
20x30 Toilet Tiles 200 pcs 20 4,000.00
Cement 3 bags 205 615.00
Grout 2 pcs 60 120.00
Paint 4 gallons 460 1,840.00
Roller Brush #7 2 pcs 74 148.00
Paint Brush #2 2 pcs 30 60.00
Common Nail #1 1 kg 60 60.00
Common Nail #2 1kg 60 60.00
Common Nail #3 2 kg 55 110.00
Concrete Nail #1 1 kg 80 80.00
Glass Window 2 pcs 3840 7,680.00
Glass Door 2 pcs 6500 13,000.00

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 Republic of the Philippines
NUEVA ECIJA UNIVERSITY OF SCIENCE AND TECHNOLOGY
OFF-CAMPUS PROGRAM SAN LEONARDO, NUEVA ECIJA
College of Management and Business Technology, December 2018

Painted Door 3 pcs 1300 3,900.00

Sub-Total ₱38,283.00
Water Installation Cost 2,560.00
Labor Cost 8,000.00
Total ₱48,843.00

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