Trial 1 Direct Labor # of hr/day Monthly Annually # of employees

Store Manager (SM) 6 hrs 12,000 144,000 1

Cashier (Ca) 6 hrs 10,400 124,800 2
Kitchen Steward (KS) 6 hrs 10,400 124,800 2
Dishwasher (D) 6 hrs 8,000 96,000 2
40,800 489,600 7

minimum wage/day 412 days covered 9888

SM monthly salary 12,000 29.1262135922
Ca 10,400 25.2427184466
KS 10,400 25.2427184466
D 8,000 19.4174757282

Trial 2 (11:00 AM - 7:00 PM)

FINAL NA VHEBS

Direct Labor # of hr/day Monthly Annually # of Employees

Cashier 8 hrs 10,500 126,000 1
Kitchen Steward 8 hrs 10,000 120,000 2
Total Annual Total Monthly
144,000.00 12,000.00
249,600.00 20,800.00
249,600.00 20,800.00
192,000.00 16,000.00
835,200.00 69,600.00
Total Annual Total Monthly

Total Annual Total Monthly

126,000 10,500
240,000 20,000
366,000.00 30,500.00

Total Annual Total Monthly

SSS = base from contribution table Links
PHIC = same with SSS; monthly basic salary x 4% https://philpad.com/wp-content/uploa
HDMF = The maximum monthly compensation allowed https://www.philhealth.gov.ph/partner
to compute each employee’s Pag-ibig contribution is currently set at P5,000. https://techpilipinas.com/pag-ibig-cont
It means that the maximum contribution a member can pay per month is currently P100
and the employer’s share applied to that maximum contribution is also P100.

SSS PHIC HDMF

Employees Monthly Salary EE ER EE ER EE ER
Cashier 10,500 472.50 892.50 420.00 420.00 100 100
Kitchen Steward 1 10,000 450.00 850.00 420.00 420.00 100 100
Kitchen Steward 2 10,000 450.00 850.00 420.00 420.00 100 100

FINALEST VHEBS
SSS PHIC HDMF
Employees Monthly Salary EE ER EE ER EE ER
Cashier 10,500 472.50 892.50 420.00 420.00 100.00 100.00
Kitchen Steward 1 10,000 450.00 850.00 420.00 420.00 100.00 100.00
Kitchen Steward 2 10,000 450.00 850.00 420.00 420.00 100.00 100.00

Total 85,020.00
 lpad.com/wp-content/uploads/2013/11/new-sss-contribution-table-2022.jpg?ezimgfmt=ng:webp/ngcb13
ww.philhealth.gov.ph/partners/employers/ContributionTable.pdf
hpilipinas.com/pag-ibig-contribution-table-payment-schedule/

TOTAL No. of months Benefit expense

2,405.00 12 28,860.00
2,340.00 12 28,080.00
2,340.00 12 28,080.00
85,020.00

per EE Contr. per ER Contr.

992.50 1,412.50
970.00 1,370.00
970.00 1,370.00
2,932.50 4,152.50 Monthly SSS/PHIC/HDMF Contribution
12.00 12.00 months
35,190.00 49,830.00 Annual SSS/PHIC/HDMF Contribution
Classification START-UP TAXES AND LICENSES ANNUAL TAXES AND LICENSES
annual Barangay Permit ₱ 500.00 Barangay Permit
annual BIR 0605 Annual Registration Fee 500.00 BIR 0605 Annual Registration Fee
BIR TIN Registration 500.00 CGL Insurance
annual CGL Insurance 1,120.00 Community Tax Permit
annual Community Tax Permit 1,300.00 Fire Safety Fee
annual Fire Safety Fee 650.00 Garbage Fee
annual Garbage Fee 1,200.00 Individual HC Fee
annual Individual HC Fee 250.00 Individual MP Fee
annual Individual MP Fee 250.00 Mayor’s Permit
annual Mayor’s Permit 5,000.00 Notary for Business Permit
annual Notary for Business Permit 100.00 Sanitary Permit Fee
annual Sanitary Permit Fee 90.00 Signboard Fee
annual Signboard Fee 200.00 ANNUAL TAXES AND LICENSES
START-UP TAXES AND LICENSES ₱11,660.00
₱ 500.00
500.00
1,120.00
1,300.00
650.00
1,200.00
250.00
250.00
5,000.00
100.00
90.00
200.00
₱11,160.00
 Description Function Quantity Unit Cost
used for frying foods and ingredients
over moderate to high heat so they
Frying pan 2 ₱ 249.00
should be thick enough to conduct heat
evenly.

2-in-1 Burger grill with deep fryer Use to grill patties and frying fries 1 1,869.00

Use to lift, mix, and spread for

Cooking spatula 1 set 699.00
ingredients or foods

LPG Used as fuel for cooking 1 1,350.00

Rice cooker Used for cooking rice 2 1,250.00

used for cooking food under the grill

Grill pan 1 750.00
part of a cooker

used to measure an amount of an

Measuring spoons ingredient, either liquid or dry, when 1 set 279.75
cooking

used in food preparation to measure,

Spoons mix, stir and toss ingredients and for 2 dozen 40.00
serving food.
Same with spoons, used for transferring
Forks food into the mouth, measure, mix, stir 2 dozen 40.00
and toss ingredients.
Plate Used for serving the food 24 95.00

Glass Used to hold liquid for drinking 24 85.00

used for carrying, holding, or displaying

Trays 9 99.00
of food.

Tong Used to grip and lift foods 2 30.00

Knives Used to slice other ingredients 1 set 500.00

Knives Used to slice other ingredients 1 set 500.00

Used to hold food or ingredients during

Serving bowl 3 380.00
cooking

Used for faster rinsing and wash plates

Dishwashing lavatory 1 1,847.85
and other utensils

A chair often with a foot rest to make a

Stool chair cashier feel more comfortable while 1 900.00
sitting.
Used for sitting for the customers while
Plastic chair 18 233.25
waiting or eating their foods
Used to cover hands while preparing
Cooking gloves 1 box 55.00
foods and avoiding from dusts

Used to dispose temporary kitchen

Trash bin 2 89.50
wastes.

A machine used for controlling heat

Gas stove 1 1,130.00
after turning on a burner.
Used for dining and protecting against
Parasol table w/ umbrella 9 1,187.00
heat waves
durable board on which to place
Chopping board 2 210.00
ingredients for cutting. 

Used to store raw foods to avoid

Refrigerator (small) 1 5,500.00
spoilages

Record book Used to write and record daily income 1 40.00

Scissor Used to cutting various thin materials 1 25.00

Used to keep clothes clean and protect
Apron 2 99.00
from spills and dirt 
Used to erase mistake during writing or
Correction Tape 1 45.00
other forms of writing
 Use to input sales and keep the money
POS System 1 1,699.00
safe

Used to provide receipt to the

Thermal paper 5 34.00
customers

Ballpen Use to write daily sales on record book. 5 8.00

ADDITIONAL

Dishwashing Liquid Used to clean dishes 5 192.00

Hand soap Used to sanitize hands before food preparat 2 226.00
Table Napkin tissue Service use for customers 5 42.00
Total Cost Description Function Quantity

₱ 498.00 Kitchen Tools & Equipment

used for frying foods and ingredients
over moderate to high heat so they
1,869.00 Frying pan 2
should be thick enough to conduct
heat evenly.

2-in-1 Burger grill

699.00 Use to grill patties and frying fries 1
with deep fryer

Use to lift, mix, and spread for

1,350.00 Cooking spatula 1 set
ingredients or foods

2,500.00 Rice cooker Used for cooking rice 2

used for cooking food under the grill

750.00 Grill pan 1
part of a cooker

used to measure an amount of an

279.75 Measuring spoons ingredient, either liquid or dry, when 1 set
cooking

80.00 Tong Used to grip and lift foods 2

80.00
Knives Used to slice other ingredients 1 set

2,280.00
A machine used for controlling heat
2,040.00 Gas stove 1
after turning on a burner.
durable board on which to place
891.00 Chopping board 2
ingredients for cutting. 

Used to store raw foods to avoid

60.00 Refrigerator (small) 1
spoilages

Used to keep clothes clean and

Apron 2
protect from spills and dirt 
500.00
 500.00
Use to input sales and keep the
POS System 1
money safe
used in food preparation to measure,
1,140.00 Spoons mix, stir and toss ingredients and for 2 dozen
serving food.

Same with spoons, used for

transferring food into the mouth,
1,847.85 Forks 2 dozen
measure, mix, stir and toss
ingredients.

900.00 Plate Used for serving the food 24

4,198.50 Glass Used to hold liquid for drinking 24

used for carrying, holding, or

55.00 Trays 9
displaying of food.

Used to hold food or ingredients

179.00 Serving bowl 3
during cooking

1,130.00 Total Kitchen Tools & Equipment

10,683.00

420.00

5,500.00

40.00

25.00

198.00

45.00
1,699.00

170.00

40.00

960.00
452.00
210.00
 Unit Cost Total Cost Description Function

Equipment Supplies
Used to write and record daily
₱ 249.00 ₱ 498.00 Record book
income

Used to cutting various thin

1,869.00 1,869.00 Scissor
materials

Used to erase mistake during

699.00 699.00 Correction Tape
writing or other forms of writing

Used to provide receipt to the

1,250.00 2,500.00 Thermal paper
customers

Use to write daily sales on record

750.00 750.00 Ballpen
book.

279.75 279.75 LPG Used as fuel for cooking

Used to cover hands while

30.00 60.00 Cooking gloves preparing foods and avoiding
from dusts

ADDITIONAL
500.00 500.00
Dishwashing Liquid Used to clean dishes

1,130.00 1,130.00 Hand soap Used to sanitize hands before food p

210.00 420.00 Table Napkin tissue Service use for customers

5,500.00 5,500.00
Total
Supplies
99.00 198.00
1,699.00 1,699.00

40.00 ₱ 80.00

40.00 80.00

95.00 2,280.00

85.00 2,040.00

99.00 891.00

380.00 1,140.00

₱ 22,613.75
 Quantity Unit Cost Total Cost Description Function Quantity

pplies Furniture & Fixtures

Used for faster rinsing
1 40.00 40.00 Dishwashing lavatory and wash plates and 1
other utensils

A chair often with a

foot rest to make a
1 25.00 25.00 Stool chair cashier feel more 1
comfortable while
sitting.

Used for sitting for the

customers while
1 45.00 45.00 Plastic chair 18
waiting or eating their
foods

Used to dispose
5 34.00 170.00 Trash bin temporary kitchen 2
wastes.
Used for dining and
Parasol table w/
5 8.00 40.00 protecting against 9
umbrella
heat waves

1 1,350.00 1,350.00 Total Furniture and Fixtures

1 box 55.00 55.00

5 192.00 960.00

2 226.00 452.00

5 42.00 210.00

₱ 3,347.00
 Unit Cost Total Cost

& Fixtures
1,847.85 ₱ 1,847.85

900.00 900.00

233.25 4,198.50

89.50 179.00

1,187.00 10,683.00

₱ 17,808.35
 Summary of Depreciation
At Cost Qty. Est. Useful Life RV
Frying pan ₱ 249.00 2 2 -
2-in-1 Burger grill with
1,869.00 1 5 -
deep fryer
Cooking spatula (set) 699.00 1 1 -
Rice cooker 1,250.00 2 2 -
Grill pan 750.00 1 5 -
Measuring spoons 279.75 1 1 -

Tong 30.00 2 1
-
Knives (set) 500.00 1 2 -
Gas stove 1,130.00 1 5 -
Chopping board 210.00 2 2 -
Refrigerator (small) 5,500.00 1 5 -
Apron 99.00 2 1 -
POS System 1,699.00 1 3 -
Spoons 40.00 2 1 -

Forks 40.00 2 1 -

Plate 95.00 24 1 -
Glass 85.00 24 1 -
Trays 99.00 9 1 -
Serving bowl 380.00 3 1 -
Dishwashing lavatory 1,847.85 1 5 -
Stool chair 900.00 1 2 -
Plastic chair 233.25 18 2 -
Trash bin 89.50 2 1 -
Parasol table w/
1,187.00 9 3 -
umbrella
Food Truck 180,000 1 10 50,000.00
Total Annual Depreciation Expense
 For SCF Increase in depreciation
Annual Depr'n Exp
₱ 249.00 Food Truck 180,000 1
2-in-1 Burger grill
1,869.00 1
373.80 with deep fryer
699.00 Grill pan 750.00 1
1,250.00 Gas stove 1,130.00 1
150.00 Refrigerator (small) 5,500.00 1
279.75 Dishwashing lavatory 1,847.85 1
Parasol table w/
1,187.00 9
60.00 umbrella
250.00 POS System 1,699.00 1
226.00 Frying pan ₱ 249.00 2
210.00 Rice cooker 1,250.00 2
1,100.00 Knives (set) 500.00 1
198.00 Chopping board 210.00 2
566.33 Stool chair 900.00 1
80.00 Plastic chair 233.25 18

Cooking spatula (set) 699.00 1

80.00
2,280.00 Measuring spoons 279.75 1
2,040.00 Tong 30.00 2
891.00 Apron 99.00 2
1,140.00 ₱ 12,122.88 Spoons 40.00 2
369.57 Forks 40.00 2
450.00 Plate 95.00 24
2,099.25 Glass 85.00 24
179.00 Trays 99.00 9

Serving bowl 380.00 3

3,561.00 6,658.82
13,000.00 13,000.00 Trash bin 89.50 2
₱ 31,781.70

For Kitchen Tools and Equipment (SFP)

2-in-1 Burger grill
### 1
with deep fryer
Grill pan 750.00 1
Gas stove 1,130.00 1
Refrigerator (small) 5,500.00 1
POS System 1,699.00 1
Frying pan 249.00 2
Rice cooker 1,250.00 2
Knives (set) 500.00 1
Chopping board 210.00 2

Cooking spatula (set) 699.00 1

Measuring spoons 279.75 1

Tong 30.00 2
Apron 99.00 2
Spoons 40.00 2
Forks 40.00 2
Plate 95.00 24
Glass 85.00 24
Trays 99.00 9
Serving bowl 380.00 3

For Furniture and Fixtures (SFP)

Dishwashing lavatory 1,847.85 1
Parasol table w/
1,187.00 9
umbrella
Stool chair 900.00 1
Plastic chair 233.25 18
Trash bin 89.50 2

For Truck Vehicle

Food Truck 180,000 1
 y1 y2 y3 y4 y5
10 50,000.00 13,000.00

5 -
373.80
5 - 150.00
5 - 226.00
5 - 1,100.00
5 - 369.57

3 -
3,561.00
3 - 566.33
2 - ₱ 249.00
2 - 1,250.00
2 - 250.00
2 - 210.00
2 - 450.00
2 - 2,099.25

1 -
699.00
1 - 279.75
1 - 60.00
1 - 198.00
1 - 80.00
1 - 80.00
1 - 2,280.00
1 - 2,040.00
1 - 891.00

1 -
1,140.00
1 - 179.00
31,781.70 23,854.95 19,346.70 15,219.37 15,219.37
y1 y2 y3 y4 y5

5 -
373.80
5 - 150.00
5 - 226.00
5 - 1,100.00
3 - 566.33
2 - 249.00
2 - 1,250.00
2 - 250.00
2 - 210.00

1 -
699.00
1 - 279.75
1 - 60.00
1 - 198.00
1 - 80.00
1 - 80.00
1 - 2,280.00
1 - 2,040.00
1 - 891.00
1 - 1,140.00
12,122.88 4,375.13 2,416.13 1,849.80 1,849.80
y1 y2 y3 y4 y5

5 - 369.57

3 -
3,561.00
2 - 450.00
2 - 2,099.25
1 - 179.00
6,658.82 6,479.82 3,930.57 369.57 369.57 /
y1 y2 y3 y4 y5

10 50,000.00 13,000.00 13,000.00 13,000.00 13,000.00 13,000.00 /

 TruckEat
Start-up Cost
Monthly
Food Truck ₱ 180,000
Kitchen Tools & Equipment ₱ 22,614
Total Furniture and Fixtures ₱ 17,808
Purchase of Start-up Raw Materials ₱ 50,000
Operating Expenses:
Supplies Expense ₱ 3,347
Utilities Expense ₱ 6,900
Wages Expense ₱ 30,500
SSS/PHIC/HDMF ₱ 4,153 1st month only
Promotions and Advertisement ₱ 1,000 provision
Repairs and Maintenance ₱ 1,500 provision
Taxes and Licenses ₱ 11,660
TOTAL START-UP COST ₱ 329,482

Capital Contribution 350,000.00

NOTE!! Cost DP
Food Truck 180,000.00 90,000.00
Breakdown (solutions)

Purchase of Start-up Raw Materials (for 1 week)

Demand of ( Y1,1stM,1stW) Cost/Unit Cost
Burger 282 ₱ 38.70 ₱ 10,900.50
Fries 303 35.04 10,628.80
Chicken with Rice 271 58.69 15,895.21
Cheese Sandwich 228 31.52 7,170.80
Purchase of Start-up Raw Materials (for 1 week) ₱ 44,595.31 50,000

13,520 Monthly
12 months/yr
est. (tarps, flyers) 1,127 est. monthly sales
provision/month 24 working days
46.94 est. daily sales
6 working days/week
281.67

or 288 est. working days/yr (24dys per month X 12 months)

48 est. working weeks/yr

Remaining Bal. for years NP/year

₱ 90,000.00 5 ₱ 18,000.00
 Utilities Expense
Electricity 2,500
Water 2,500
Fuel 5,000
Utilities Expense 10,000

approx.

s per month X 12 months)

 TruckEats
Projected Comprehensive Income Statement
For the year ended December 31

2022 2023
Notes
Sales from Foods 1 ### ###
Less: Cost of Food Sold 2 2,140,574.80 2,309,379.66
Gross Income from Food 743,345.20 801,417.34

743,345.20 801,417.34
Less:
Utilities Expense 4 82,800.00 87,354.000
Wage Expense 5 366,000.00 386,130.000
Depreciation Expense 6 31,781.70 31,781.70
Supplies Expense 7 40,164.00 42,373.02
SSS/PHIC/HDMF 8 49,830.00 49,830.00
Taxes and Licenses 9 11,660.00 11,160.00
Promotions and Advertisement 12,000.00 12,660.00
Repairs and Maintenance 18,000.00 18,990.000
Pretax Income 131,109.50 161,138.62
Less: Income Tax Expense (30%) 39,332.85 48,341.58
Net Income After Tax ₱ 91,776.65 ₱ 112,797.03
 assumed 5.5% Inflation rate
ome Statement TOTAL ANNUAL SALES
ember 31 Year 1
Year 2
2024 2025 2026 Year 3
Year 4
### ### ### Year 5
2,492,585.63 2,687,845.71 2,899,724.73
868,951.37 942,655.29 1,011,792.27 FINAL NA VHEBS

868,951.37 942,655.29 1,011,792.27 Burgers

Year 1
92,158.47 97,227.19 102,574.68 Year 2
407,367.15 429,772.34 453,409.82 Year 3
31,781.70 31,781.70 31,781.70 Year 4
44,703.54 47,162.23 49,756.15 Year 5
49,830.00 49,830.00 49,830.00 Fries
11,160.00 11,160.00 11,160.00 Year 1
13,356.30 14,090.90 14,865.90 Year 2
20,034.45 21,136.34 22,298.84 Year 3
198,559.76 240,494.59 276,115.17 Year 4
59,567.93 72,148.38 82,834.55 Year 5
₱ 138,991.83 ₱ 168,346.21 ₱ 193,280.62 Chicken with Rice
Year 1
Year 2
Year 3
Year 4
Year 5
Grilled Cheese Sandwiches
Year 1
Year 2
Year 3
Year 4
Year 5
nflation rate
TOTAL ANNUAL COGS Gross Income
2,883,920.00 Year 1 2,140,574.80 743,345.20
3,110,797.00 Year 2 2,309,379.66 801,417.34
3,361,537.00 Year 3 2,492,585.63 868,951.37
3,630,501.00 Year 4 2,687,845.71 942,655.29
3,911,517.00 Year 5 2,899,724.73 1,011,792.27

35% markup
Forecasted Sales cost/unit COGS SP Total Sales

13,520 38.70 523,224.00 52 703,040 52.25

13,826 40.83 564,494.84 55 760,430 55.12
14,138 43.07 608,981.17 58 820,004 58.15
14,458 45.44 657,016.94 61 881,938 61.35
14,784 47.94 708,782.13 64 946,176 64.72

14,560 35.04 510,182.40 47 684,320 47.30

14,889 36.97 550,404.64 50 744,450 49.91
15,256 39.00 594,990.04 53 808,568 52.65
15,570 41.15 640,634.15 56 871,920 55.55
15,922 43.41 691,148.80 59 939,398 58.60

13,000 58.69 762,970.00 79 1,027,000 79.23

13,294 61.92 823,137.23 83 1,103,402 83.59
13,594 65.32 888,006.81 88 1,196,272 88.19
13,901 68.92 958,004.46 93 1,292,793 93.04
14,215 72.71 1,033,524.59 98 1,393,070 98.15
Sandwiches
10,920 31.52 344,198.40 43 469,560 42.55
11,167 33.25 371,342.95 45 502,515 44.89
11,419 35.08 400,607.62 47 536,693 47.36
11,677 37.01 432,190.15 50 583,850 49.97
11,941 39.05 466,269.22 53 632,873 52.71
 TruckEats
Projected Comprehensive Cash Flow Statement
For the year ended December 31

2022 2023 2024

Cash Flow from Operating Activities
Net Income After Tax ₱ 91,777 ₱ 112,797 ₱ 138,992
Increase in Accumulated Depreciation 31,781.70 31,781.70 23,854.95
Increase in Accounts Payable 200,000.00
Increase in Notes Payable 18,000.00
Increase in Income Tax Expense 39,332.85 48,341.58 59,567.93
Increase in Inventories (200,000.00)
Net cash provided by operating activities ₱ 180,891 ₱ 192,920 ₱ 222,415

Cash Flow from Investing Activities

Purchase of Vehicles (90,000.00)

Purchase of Furniture and Fixtures (17,808.35)
Purchase of Kitchen Tools and Equipmen (22,613.75)
Net cash provided in investing activities ₱ (130,422) ₱ - ₱ -

Cash Flow from Financing Activities

Increase in Partners' Equity ₱ 329,482.00 ₱ - ₱ -
Decrease in Notes Payable ₱ (72,000)
Net cash provided by financing activities ₱ 257,482 ₱ - ₱ -

Increase in Cash and Cash Equivalents ₱ 514,964.00192,920.32 222,414.71

Add: Cash, Beginning - 514,964.00 707,884.32
Cash Balance, Ending ₱ 514,964 ₱ 707,884 ₱ 930,299

₱ 329,482.00 ₱ 65,896
tement

2025 2026

₱ 168,346 ₱ 193,281
15,219.37 15,219.37

current liab
72,148.38 82,834.55

₱ 255,714 ₱ 291,335

₱ - ₱ -

₱ - ₱ -

₱ - ₱ -

255,713.96 291,334.54
930,299.03 1,186,012.99
₱ 1,186,013 ₱ 1,477,348

noncurrent liab
Note - Cash and Cash Equivalents
Cash in Bank
Cash on Hand

Note 1 - Sales from Food Qty/Year Selling Price Sales

Sales from Burgers 13,520 48.00 648,960.00
Sales from Fries 14,560 44.00 640,640.00
Sales from Chicken with Rice 13,000 73.00 949,000.00
Sales from Cheese Sandwich 10,920 39.00 425,880.00
Gross Sales from Food ₱ 2,664,480.00

Note 2 - Cost of Food Sold Qty/Year Cost/Unit Cost

Burger 13,520 38.70 523,224.00
Fries 14,560 35.04 510,182.40
Chicken with Rice 13,000 58.69 762,970.00
Cheese Sandwich 10,920 31.52 344,198.40
Cost of Food Sold ₱ 2,140,574.80

Note 3 - Utilities Expense Monthly

Electricity 1,200
Water 700
Fuel 5,000
Total Utilities Expense ₱ 6,900.00

Note 4 - Wage Expense

Job Description No. of Total Annual

Employees Monthly Rate Rate
Cashier 1 10,500 126,000.00
Kitchen Steward 2 10,000 240,000.00
Total Wage Expense ₱ 366,000.00

Note 5 - Depreciation Expense

At Cost Qty. Est. Useful Life
Frying pan ₱ 249.00 2 2
2-in-1 Burger grill with deep fryer 1,869.00 1 5
Cooking spatula (set) 699.00 1 1
Rice cooker 1,250.00 2 2
Grill pan 750.00 1 5
 Measuring spoons 279.75 1 1
Tong 30.00 2 1
Knives (set) 500.00 1 2
Gas stove 1,130.00 1 5
Chopping board 210.00 2 2
Refrigerator (small) 5,500.00 1 5
Apron 99.00 2 1
POS System 1,699.00 1 3
Spoons 40.00 2 1
Forks 40.00 2 1
Plate 95.00 24 1
Glass 85.00 24 1
Trays 99.00 9 1
Serving bowl 380.00 3 1
Dishwashing lavatory 1,847.85 1 5
Stool chair 900.00 1 2
Plastic chair 233.25 18 2
Trash bin 89.50 2 1
Parasol table w/ umbrella 1,187.00 9 3
Food Truck 180,000 1 10
Total Depreciation Expense

Note 6 - Supplies Expense

Qty. Cost/Unit Total Cost
Record book 1 40.00 40.00
Scissor 1 25.00 25.00
Correction Tape 1 45.00 45.00
Thermal paper 5 34.00 170.00
Ballpen 5 8.00 40.00
LPG 1 1,350.00 1,350.00
Cooking gloves 1 box 55.00 55.00
Dishwashing Liquid 5 192.00 960.00
Hand soap 2 226.00 452.00
Table Napkin tissue 5 42.00 210.00
Total Supplies Expense 3,347.00

Note 7 - SSS/PHIC/HDMF
Monthly Wage No. of Employee(s) SSS Cont. Total
10,500 1 ₱ 892.50 ₱ 892.50
10,000 2 850.00 1,700.00
 Monthly Wage No. of Employee(s) PHIC Cont.
10,500 1 420.00 420.00
10,000 2 420.00 840.00
Monthly Wage No. of Employee(s) HDMF Cont.
10,500 1 100.00 100.00
10,000 2 100.00 200.00
Total SSS/PHIC/HDMF Contrbution ₱ 4,152.50

Note 8 - Taxes and Licenses

Barangay Permit ₱ 500.00
BIR 0605 Annual Registration Fe 500.00
BIR TIN Registration 500.00
CGL Insurance 1,120.00
Community Tax Permit 1,300.00
Fire Safety Fee 650.00
Garbage Fee 1,200.00
Individual HC Fee 250.00
Individual MP Fee 250.00
Mayor’s Permit 5,000.00
Notary for Business Permit 100.00
Sanitary Permit Fee 90.00
Signboard Fee 200.00
Total Taxes and Licenses ₱ 11,660.00 Annual

Note 9 - Inventories
The company policy is to maintain an inventory equivalent to 50,000 to aid the next month's start-up

Note 10 - Truck Vehicle

Food Truck ₱ 180,000.00
Residual Value 50,000.00
Depreciable Amount 130,000.00
Less: Accumulated Depreciation 13,000.00 Annual
Vehicles Carrying Amount ₱ 117,000.00

Note 11 - Furniture and Fixtures

Unit Cost Quantity Total Cost
Dishwashing lavatory 1,847.85 1 ₱ 1,847.85
Stool chair 900.00 1 900.00
Plastic chair 233.25 18 4,198.50
Trash bin 89.50 2 179.00
Parasol table w/ umbrella 1,187.00 9 10,683.00
Total 17,808.35
Less: Accumulated Depreciation 6,658.82
Furniture and Fixtures Carrying Amount ₱ 11,149.53

Note 12 - Kitchen Tools and Equipment

Cost/Unit Qty. Total Cost
Frying pan ₱ 249.00 2 ₱ 498.00
2-in-1 Burger grill with deep fryer 1,869.00 1 1,869.00
Cooking spatula (set) 699.00 1 699.00
Rice cooker 1,250.00 2 2,500.00
Grill pan 750.00 1 750.00
Measuring spoons 279.75 1 279.75
Tong 30.00 2 60.00
Knives (set) 500.00 1 500.00
Gas stove 1,130.00 1 1,130.00
Chopping board 210.00 2 420.00
Refrigerator (small) 5,500.00 1 5,500.00
Apron 99.00 2 198.00
POS System 1,699.00 1 1,699.00
Spoons 40.00 2 80.00
Forks 40.00 2 80.00
Plate 95.00 24 2,280.00
Glass 85.00 24 2,040.00
Trays 99.00 9 891.00
Serving bowl 380.00 3 1,140.00
Total 22,613.75
Less: Accumulated Depreciation 12,122.88
Kitchen Tools and Equipment Carrying Amount ₱ 10,490.87

Note 13 - Trade and Other Payable y1 y2 y3

Accounts Payable ₱ 200,000.00 200,000 200,000
Notes Payable -current portion 18,000.00 18,000.00 18,000.00
Total Trade and Other Payables ₱ 218,000.00 ₱ 218,000.00 ₱ 218,000.00

Note 14 - Noncurrent Liabilities

Notes Payable -noncurrent portion ₱ 72,000.00 ₱ 54,000.00 36,000.00
Total Noncurrent Liabilities ₱ 72,000.00 ₱ 54,000.00 ₱ 36,000.00

Note 15 - Partners' Equity

Canton, Capital ₱ 65,896
Casayas, Capital 65,896
Infiesto, Capital 65,896
Medrano, Capital 65,896
Orion, Capital 65,896
Total Partners' Equity ₱ 329,482.00
Monthly Days
1,126.67 46.94
1,213.33 50.56
1,083.33 45.14
910.00 37.92

Annual

12 ₱ 82,800.00

Annual
Residual Value
Depreciation
- ₱ 249.00
- 373.80
- 699.00
- 1,250.00
- 150.00
 - 279.75
- 60.00
- 250.00
- 226.00
- 210.00
- 1,100.00
- 198.00
- 566.33
- 80.00
- 80.00
- 2,280.00
- 2,040.00
- 891.00
- 1,140.00
- 369.57
- 450.00
- 2,099.25
- 179.00
- 3,561.00
50,000.00 13,000.00
₱ 31,781.70

month/yr

12.00 ₱ 40,164.00

Annual Total
₱ 10,710.00
20,400.00
 5,040.00
10,080.00

1,200.00
2,400.00
₱ 49,830.00

d the next month's start-up

Annual

Annual

y4 y5
200,000 ₱ 200,000.00 Rem bal of FTruck
18,000.00 18,000.00
₱ 218,000.00 ₱ 218,000.00 Long-term Debt -current portion
AP Purchases for the month

18,000.00 - Provision for Income Tax Payable

₱ 18,000.00 ₱ - Net Income Before Tax
Tax Rate (30%)
Tax Due
SYD
Note 13 - Trade and Other Payables (y1)
Accounts Payable ₱ 200,000.00
Long-term Debt -cu 54,000.00 ₱ 254,000.00
Provision for Inco -
Total Trade and ₱ 54,000.00

90,000 18,000.00 Annual AP

200,000 Company policy: all payables for the purchases within the month are pai
218,000.00
Year 1 Year 2 Year 3 Year 4 Year 5
₱ 52,173.50 ₱ 604,167.09 ₱ 1,348,334.58 ₱ 2,339,015.49 ###
30% 30% 30% 30% 30%
₱ 15,652.05 ₱ 181,250.13 ₱ 404,500.37 ₱ 701,704.65 ###
chases within the month are paid before the en
 TruckEats
Projected Statement of Financial Position
For the year ended December 31

2022 2023 2024

Assets Notes
Current Assets
Cash and Cash Equivalents SCF 379,951.10 572,871.42 795,286.13
Inventories 9 200,000.00 200,000.00 200,000.00
Total Current Assets ₱ 579,951.10 ₱ 772,871.42 ₱ 995,286.13

Noncurrent Assets
Truck Vehicle 10 ₱ 167,000.00 ₱ 154,000.00 ₱ 141,000.00
Furniture and Fixture 11 11,149.53 4,669.71 739.14
Kitchen Tools and Equipment 12 10,490.87 6,115.74 3,699.61
Total Noncurrent Assets ₱ 188,640.40 ₱ 164,785.45 ₱ 145,438.75

TOTAL ASSESTS ₱ 768,591.50 ₱ 937,656.87 ₱ 1,140,724.88

Liabilities and Partners' Equity

Current Liabilities
Trade and Other Payables 13 ₱ 218,000.00 ₱ 218,000.00 ₱ 218,000.00
Noncurrent Liabilities 14 72,000.00 54,000.00 36,000.00
Total Liabilities 290,000.00 272,000.00 254,000.00
Partners' Equity
Partners' Capital 15 ₱ 329,482.00 421,258.65 534,055.68
Add: Net Income After Tax SCI 91,776.65 112,797.03 138,991.83
Total Partners' Equity 421,258.65 534,055.68 673,047.51

TOTAL LIABILITIES AND PARTNERS' EQUITY ₱ 711,258.65 ₱ 806,055.68 ₱ 927,047.51

Difference ₱ 57,332.85 ₱ 131,601.19 ₱ 213,677.37

₱ 329,482.00 ₱ 65,896
 ₱328,469.10 ₱267,389.42 ₱253,804.13 ₱291,518.09 ₱ 382,852.64

2025 2026

1,051,000.09 1,342,334.64
200,000.00 200,000.00
₱ 1,251,000.09 ₱ 1,542,334.64

₱ 128,000.00 ₱ 115,000.00
369.57 -
1,849.81 -
₱ 130,219.38 ₱ 115,000.00

₱ 1,381,219.47 ₱ 1,657,334.64

₱ 218,000.00 ₱ 200,000.00
18,000.00 -
236,000.00 200,000.00

673,047.51 841,393.73
168,346.21 193,280.62
841,393.73 1,034,674.35

₱ 1,077,393.73 ₱ 1,234,674.35

₱ 303,825.75 ₱ 422,660.29
Payback Period
Period Net Cash InflowNet Investment
2022 0 329,482
2023
2024
2025
2026

Accounting Rate of Return

Period Net Income Gross Sales Rate of Return (%)
2022 91,777 2,883,920 3.18%
2023 112,797 3,110,797 3.63%
2024 138,992 3,361,537 4.13%
2025 168,346 3,630,501 4.64%
2026 193,281 3,911,517 4.94%

Return on Investment
Period Net Income Cost of Investment Return on Investment
2022 350,000
2023
2024
2025
2026

Liquidity/Current Ratio
Period Current Asets Current Liabilities Current Ratio
2022
2023
2024
2025
2026
TruckEats
Projected Comprehensive Income Statement
For the year ended December 31

2022 2023 2024

Notes
Sales from Foods 1 2,883,920.00 3,110,797.00 3,361,537.00
Less: Cost of Food Sold 2 2,140,574.80 2,309,379.66 2,492,585.63
Gross Income from Food 743,345.20 801,417.34 868,951.37

743,345.20 801,417.34 868,951.37

Less:
Utilities Expense 4 82,800.00 87,354.00 92,158.47
Wage Expense 5 366,000.00 386,130.00 407,367.15
Depreciation Expense 6 31,781.70 31,781.70 31,781.70
Supplies Expense 7 40,164.00 42,373.02 44,703.54
SSS/PHIC/HDMF 8 49,830.00 49,830.00 49,830.00
Taxes and Licenses 9 11,660.00 11,160.00 11,160.00
Promotions and Advertisement 12,000.00 12,660.00 13,356.30
Repairs and Maintenance 18,000.00 18,990.00 20,034.45
Pretax Income 131,109.50 161,138.62 198,559.76
Less: Income Tax Expense (30%) 39,332.85 48,341.58 59,567.93
Net Income After Tax 91,776.65 112,797.03 138,991.83
 2025 2026

3,630,501.00 3,911,517.00
2,687,845.71 2,899,724.73
942,655.29 1,011,792.27

942,655.29 1,011,792.27

97,227.19 102,574.68
429,772.34 453,409.82
31,781.70 31,781.70
47,162.23 49,756.15
49,830.00 49,830.00
11,160.00 11,160.00
14,090.90 14,865.90
21,136.34 22,298.84
240,494.59 276,115.17
72,148.38 82,834.55
168,346.21 193,280.62
 Qty/yr2 SP TSales C/E COGS
CB 65,262.00 57.09 3,725,807.58 41.47 2,338,990.08
PB 46,616 46.71 2,177,433.36 35.84 2,188,621.20
GPB 15,539 55.00 854,645.00 46.95 729,556.05

SD 73,594 12.00 883,128.00 7.00 1,324,692.00

BWE 7,747 35.00 271,145.00 18.00 54,229.00
IT 41,316 15.00 619,740.00 7.00 289,212.00
FJ 14,202 15.00 213,030.00 7.00 255,636.00
BFB 97,126 35.00 3,399,410.00 18.00 1,748,268.00
12,144,338.94 8,929,204.33

Qty/yr3 SP TSales C/E COGS

CB 66,835 59.26
PB 47,739 48.48
GPB

SD
BWE
IT
FJ
BFB

Qty/yr4 SP TSales C/E COGS

CB 68,445 61.51
PB 48,890 50.33
GPB

SD
BWE
IT
FJ
BFB

Qty/yr5 SP TSales C/E COGS

CB 70,095 63.85
PB 50,068 52.24
GPB
SD
BWE
IT
FJ
BFB
 cost qty est life y1 y2 y3
Leasehold Improvement 300,000.00 1 10 30,000
Billiard table 54,000.00 2 8 13,500
Television 16,484.00 4 5 13,187
Aircondition 22,000.00 4 5 17,600
Desktop Computer 25,000.00 1 5 5,000
Kitchen Equipment 20,000.00 1 5 4,000
Large Grill 10,000.00 2 5 4,000
Refrigerator 8,000.00 1 4 2,000
Freezer 12,978.00 1 4 3,245
Cash Register 5,000.00 1 3 1,667
Couch 5,000.00 8 3 13,333
Table Soccer game 3,750.00 2 3 2,500
Basketball Arcade 6,050.00 2 3 4,033
Dart board 1,400.00 4 2 2,800
Rice Cooker 3,000.00 5 2 7,500
Ceiling Fan 2,000.00 4 2 4,000
Tables 2,000.00 38 2 38,000
Chairs 250.00 152 2 19,000
Sound System 30,000.00 1 2 15,000
Wifi Router 5,000.00 1 2 2,500
Exhaust Fan 595.00 2 2 595
203,460 203,460 114,065
y1 y2 y3
y4 y5

92,532 87,287
y4 y5