EXHIBIT 1

PROJECTED STATEMENT OF FINANCIAL PERFORMANCE

Schedul
Year 1 Year 2 Year 3 Year 4 Year 5
e No.
Sales Revenue 1 ₱ 2,539,285.71 ₱ 2,648,475.00 ₱ 2,762,359.43 ₱ 2,881,140.88 ₱ 3,005,029.94
Less: Cost of Goods Sold 2 -₱ 1,207,361.93 -₱ 1,256,682.66 -₱ 1,310,720.02 -₱ 1,367,080.98 -₱ 1,425,865.46
Gross Profit ₱ 1,331,923.79 ₱ 1,391,792.34 ₱ 1,451,639.41 ₱ 1,514,059.90 ₱ 1,579,164.48
Less: Operating Expenses
Advertising Expense 3 ₱ 12,946.43 ₱ 13,503.13 ₱ 14,083.76 ₱ 14,689.36 ₱ 15,321.00
Supplies Expense 4 ₱ 1,370.54 ₱ 1,429.47 ₱ 1,490.94 ₱ 1,555.05 ₱ 1,621.91
Repair & Maintenance 5 ₱ 1,304.81 ₱ 1,360.91 ₱ 1,419.43 ₱ 1,480.47 ₱ 1,544.13
Utilities Expense 6 ₱ 69,357.74 ₱ 72,340.12 ₱ 75,450.74 ₱ 78,695.13 ₱ 82,079.02
Communication Expense 7 ₱ 14,989.29 ₱ 14,989.29 ₱ 14,989.29 ₱ 14,989.29 ₱ 14,989.29
Business Permits and
8 ₱ 8,950.00 ₱ 8,950.00 ₱ 8,950.00 ₱ 8,950.00 ₱ 8,950.00
Licenses
Salaries Expense 9 ₱ 408,642.00 ₱ 408,642.00 ₱ 408,642.00 ₱ 426,213.61 ₱ 426,213.61
SSS, Philhealth & Pag-
10 ₱ 52,824.96 ₱ 52,824.96 ₱ 52,824.96 ₱ 54,771.35 ₱ 54,771.35
Ibig Contribution Expense
Depreciation Expense 11 ₱ 18,437.53 ₱ 18,437.53 ₱ 18,437.53 ₱ 18,437.53 ₱ 18,437.53
Rent Expense 12 ₱ 180,000.00 ₱ 180,000.00 ₱ 180,000.00 ₱ 180,000.00 ₱ 180,000.00
Other Expenses 13 ₱ 5,605.36 ₱ 3,053.57 ₱ 5,977.69 ₱ 3,321.82 ₱ 6,377.57
Total Expenses ₱ 774,428.64 ₱ 775,530.97 ₱ 782,266.34 ₱ 803,103.60 ₱ 810,305.41
Net Income Before Tax ₱ 557,495.15 ₱ 616,261.37 ₱ 669,373.07 ₱ 710,956.31 ₱ 768,859.07
Less: Income Tax Expense 14 -₱ 111,499.03 -₱ 123,252.27 -₱ 133,874.61 -₱ 142,191.26 -₱ 153,771.81
Net Income After Tax ₱ 445,996.12 ₱ 493,009.10 ₱ 535,498.46 ₱ 568,765.05 ₱ 615,087.26
 EXHIBIT 2
PROJECTED STATEMENT OF FINANCIAL POSITION

Schedule
ASSETS Year 1 Year 2 Year 3 Year 4 Year 5
No.
CURRENT ASSETS
Cash Exhibit 3 ₱ 475,041.63 ₱ 742,559.30 ₱ 1,030,712.44 ₱ 1,336,849.59 ₱ 1,664,980.89
Inventory 2 ₱ 60,368.10 ₱ 62,963.92 ₱ 65,671.37 ₱ 68,495.24 ₱ 71,440.54
Total Current Assets ₱ 535,409.73 ₱ 805,523.23 ₱ 1,096,383.81 ₱ 1,405,344.83 ₱ 1,736,421.43

NON-CURRENT ASSETS
Property,Plant and Equipment 15 ₱ 233,726.22 ₱ 233,726.22 ₱ 233,726.22 ₱ 233,726.22 ₱ 233,726.22
Accumulated Depreciation 16 -₱ 18,437.53 -₱ 36,875.06 -₱ 55,312.58 -₱ 73,750.11 -₱ 92,187.64
Total NonCurrent Assets ₱ 215,288.70 ₱ 196,851.17 ₱ 178,413.64 ₱ 159,976.11 ₱ 141,538.58

Total Assets ₱ 750,698.42 ₱ 1,002,374.40 ₱ 1,274,797.45 ₱ 1,565,320.94 ₱ 1,877,960.01

LIABILITIES Year 1 Year 2 Year 3 Year 4 Year 5

CURRENT LIABILITIES
SSS Payable 17 ₱ 4,430.76 ₱ 4,430.76 ₱ 4,430.76 ₱ 6,259.28 ₱ 6,259.28
Philhealth Payable 17 ₱ 1,571.70 ₱ 1,571.70 ₱ 1,571.70 ₱ 1,639.28 ₱ 1,639.28
Pag-ibig Payable 17 ₱ 1,200.00 ₱ 1,200.00 ₱ 1,200.00 ₱ 1,200.00 ₱ 1,200.00
Withholding Tax Payable 18 ₱ 4,459.96 ₱ 4,930.09 ₱ 5,354.98 ₱ 5,687.65 ₱ 6,150.87
VAT Payable 19 ₱ 31,121.99 ₱ 32,884.98 ₱ 34,478.33 ₱ 36,311.36 ₱ 38,048.45
Corporate Tax Payable 20 ₱ 27,874.76 ₱ 30,813.07 ₱ 33,468.65 ₱ 35,547.82 ₱ 38,442.95
Total Liabilities ₱ 70,659.17 ₱ 75,830.60 ₱ 80,504.42 ₱ 86,645.39 ₱ 91,740.83

EQUITY Year 1 Year 2 Year 3 Year 4 Year 5

Partner A, Capital ₱ 340,019.63 ₱ 463,271.90 ₱ 597,146.51 ₱ 739,337.78 ₱ 893,109.59
Partner B, Capital ₱ 340,019.63 ₱ 463,271.90 ₱ 597,146.51 ₱ 739,337.78 ₱ 893,109.59
Total Equity ₱ 680,039.25 ₱ 926,543.80 ₱ 1,194,293.03 ₱ 1,478,675.55 ₱ 1,786,219.18

Total Liabilities and Equity ₱ 750,698.42 ₱ 1,002,374.40 ₱ 1,274,797.45 ₱ 1,565,320.94 ₱ 1,877,960.01

 EXHIBIT 3
PROJECTED STATEMENT OF CASH FLOW

Account Title Year 1 Year 2 Year 3 Year 4 Year 5

Net income ₱ 445,996.12 ₱ 493,009.10 ₱ 535,498.46 ₱ 568,765.05 ₱ 615,087.26
Add: Depreciation Expense ₱ 18,437.53 ₱ 18,437.53 ₱ 18,437.53 ₱ 18,437.53 ₱ 18,437.53
Cash Income ₱ 464,433.65 ₱ 511,446.62 ₱ 553,935.99 ₱ 587,202.57 ₱ 633,524.79

Operating Activities: (Increase)/Decrease

Increase in SSS Payable ₱ 4,430.76 ₱ 1,828.52
Increase in PhilHealth Payable ₱ 1,571.70 ₱ - ₱ - ₱ 67.58
Increase in PAG-IBIG Payable ₱ 1,200.00 ₱ -
Increase in VAT Payable ₱ 31,121.99 ₱ 1,762.99 ₱ 1,593.35 ₱ 1,833.04 ₱ 1,737.08
Increase in Inventory -₱ 60,368.10 -₱ 2,595.83 -₱ 2,707.45 -₱ 2,823.87 -₱ 2,945.30
Increase in Expanded Withholding Tax Payable
₱ 4,459.96 ₱ 470.13 ₱ 424.89 ₱ 332.67 ₱ 463.22
Increase in Income Tax Payable ₱ 27,874.76 ₱ 2,938.31 ₱ 2,655.59 ₱ 2,079.16 ₱ 2,895.14
Net cash Provided by Operating Activities ₱ 474,724.72 ₱ 514,022.22 ₱ 555,902.37 ₱ 590,519.67 ₱ 635,674.94

Investing Activities: (Increase)/Decrease

Acquisition of PPE -₱ 233,726.22
Net Cash Provided by Investing Activities -₱ 233,726.22 ₱ - ₱ - ₱ - ₱ -

Financing Activities: Increase/(Decrease)

Partners' Capital ₱ 457,041.19
Partners' Withdrawal -₱ 222,998.06 -₱ 246,504.55 -₱ 267,749.23 -₱ 284,382.52 -₱ 307,543.63
Net cash Provided by Financing Activities ₱ 234,043.13 -₱ 246,504.55 -₱ 267,749.23 -₱ 284,382.52 -₱ 307,543.63

Net increase/decrease in cash ₱ 475,041.63 ₱ 267,517.67 ₱ 288,153.14 ₱ 306,137.15 ₱ 328,131.31

Add: Cash, Beginning ₱ 475,041.63 ₱ 742,559.30 ₱ 1,030,712.44 ₱ 1,336,849.59
Cash, Ending ₱ 475,041.63 ₱ 742,559.30 ₱ 1,030,712.44 ₱ 1,336,849.59 ₱ 1,664,980.89
 EXHIBIT 4
PROJECTED STATEMENT OF SHAREHOLDER’S EQUITY

ACCOUNT TITLE YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

Partner A, Beg. Capital ₱ 228,520.60 ₱ 340,019.63 ₱ 463,271.90 ₱ 597,146.51 ₱ 739,337.78
Add: Net Income/(Loss) ₱ 222,998.06 ₱ 246,504.55 ₱ 267,749.23 ₱ 284,382.52 ₱ 307,543.63
Total ₱ 451,518.66 ₱ 586,524.17 ₱ 731,021.13 ₱ 881,529.04 ₱ 1,046,881.41
Less: Withdrawal ₱ 111,499.03 ₱ 123,252.27 ₱ 133,874.61 ₱ 142,191.26 ₱ 153,771.81
Ending Capital, 12/31 ₱ 340,019.63 ₱ 463,271.90 ₱ 597,146.51 ₱ 739,337.78 ₱ 893,109.59

ACCOUNT TITLE YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

Partner A, Beg. Capital ₱ 228,520.60 ₱ 340,019.63 ₱ 463,271.90 ₱ 597,146.51 ₱ 739,337.78
Add: Net Income/(Loss) ₱ 222,998.06 ₱ 246,504.55 ₱ 267,749.23 ₱ 284,382.52 ₱ 307,543.63
Total ₱ 451,518.66 ₱ 586,524.17 ₱ 731,021.13 ₱ 881,529.04 ₱ 1,046,881.41
Less: Withdrawal ₱ 111,499.03 ₱ 123,252.27 ₱ 133,874.61 ₱ 142,191.26 ₱ 153,771.81
Ending Capital, 12/31 ₱ 340,019.63 ₱ 463,271.90 ₱ 597,146.51 ₱ 739,337.78 ₱ 893,109.59
SCHEDULES
Schedule 1
Projected Sales Revenue
Annual Annual
No. of Orders Monthly
PRODUCTS Price Sales, VAT Output VAT Sales, net of Year 1
in a Month Sales
inclusive VAT
Tuna Sizzling Pastil 1500 ₱ 40.00 60,000.00 720,000.00 77,142.86 642,857.14 642,857.14
Chicken Sizzling Pastil 1500 ₱ 40.00 60,000.00 720,000.00 77,142.86 642,857.14 642,857.14
Beef Sizzling Pastil 1000 ₱ 45.00 45,000.00 540,000.00 57,857.14 482,142.86 482,142.86
Add Ons
Lumpia Shanghai 1500 ₱ 5.00 7,500.00 90,000.00 9,642.86 80,357.14 80,357.14
Fried Lumpia Veggies 500 ₱ 5.00 2,500.00 30,000.00 3,214.29 26,785.71 26,785.71
Chicken Skin Chicharon 350 ₱ 70.00 24,500.00 294,000.00 31,500.00 262,500.00 262,500.00
Drinks
Iced Tea 500 ₱ 10.00 5,000.00 60,000.00 6,428.57 53,571.43 53,571.43
Bottled Water 500 ₱ 25.00 12,500.00 150,000.00 16,071.43 133,928.57 133,928.57
Soft Drinks 800 ₱ 25.00 20,000.00 240,000.00 25,714.29 214,285.71 214,285.71
Total Sales Revenue, net of VAT ₱ 2,539,285.71
Schedule 2
Projected Cost of Goods Sold

Account Title Year 1 Year 2 Year 3 Year 4 Year 5

Inventory Beginning ₱ 60,368.10 ₱ 60,368.10 ₱ 62,963.92 ₱ 65,671.37 ₱ 68,495.24

Add: Purchases ₱ 1,207,361.93 ₱ 1,259,278.49 ₱ 1,313,427.46 ₱ 1,369,904.84 ₱ 1,428,810.75
Total Goods Available for Sale ₱ 1,267,730.02 ₱ 1,319,646.59 ₱ 1,376,391.39 ₱ 1,435,576.22 ₱ 1,497,306.00
Less: Inventory Ending ₱ 60,368.10 ₱ 62,963.92 ₱ 65,671.37 ₱ 68,495.24 ₱ 71,440.54
Total Cost of Goods Sold ₱ 1,207,361.93 ₱ 1,256,682.66 ₱ 1,310,720.02 ₱ 1,367,080.98 ₱ 1,425,865.46
Schedule 2.1
Projected Inventory
Annual Annual
No. of Monthly
Product Cost Purchases, VAT Input VAT Purchase, net of
Orders Purchases
inclusive VAT
Tuna Sizzling Pastil 1500 ₱ 17.68 26,516.73 318,200.76 34,092.94 284,107.82
Chicken Sizzling Pastil 1500 ₱ 19.03 28,549.23 342,590.76 36,706.15 305,884.61
Beef Sizzling Pastil 1000 ₱ 16.37 16,371.15 196,453.84 21,048.63 175,405.21
Add Ons
Lumpia Shanghai 1500 ₱ 2.40 3,600.00 43,200.00 4,628.57 38,571.43
Fried Lumpia Veggies 500 ₱ 2.00 1,000.00 12,000.00 1,285.71 10,714.29
Chicken Skin Chicharon 350 ₱ 35.00 12,250.00 147,000.00 15,750.00 131,250.00
Drinks
Iced Tea 500 ₱ 5.00 2,500.00 30,000.00 3,214.29 26,785.71
Bottled Water 500 ₱ 15.00 7,500.00 90,000.00 9,642.86 80,357.14
Soft Drinks 800 ₱ 18.00 14,400.00 172,800.00 18,514.29 154,285.71
Total Purchases, net of VAT ₱ 1,207,361.93
Schedule 3
Projected Advertising Expense
Particulars Qty Unit Cost Total Cost Input VAT Year 1
Social Media Page
Boosting 30 ₱ 150.00 ₱ 4,500.00 ₱ 482.14 ₱ 4,017.86
Loyalty Program ₱ 5,000.00 ₱ 535.71 ₱ 4,464.29
Traditional
₱ 5,000.00 ₱ 535.71 ₱ 4,464.29
Advertising
Total Advertising Expense ₱ 14,500.00 ₱ 1,553.57 ₱ 12,946.43
Schedule 4
Projected Supplies Expense
Cleaning Supplies Qty Unit Cost Total Cost Input VAT Year 1
Dishwashing Liquid 3 ₱ 220.00 ₱ 660.00 ₱ 70.71 ₱ 589.29
Broom and Dustpan Set 1 175.00 175.00 ₱ 18.75 ₱ 156.25
Mop 1 115.00 115.00 ₱ 12.32 ₱ 102.68
Rag 1 125.00 125.00 ₱ 13.39 ₱ 111.61
Tissue 2 90.00 180.00 ₱ 19.29 ₱ 160.71
Total Cleaning Supplies Expense ₱ 1,120.54
Office Supplies Qty Unit Cost Total Cost Input VAT
Record Book 1 ₱ 58.00 ₱ 30.00 ₱ 3.21 ₱ 26.79
Ballpen 1 60.00 30.00 ₱ 3.21 ₱ 26.79
Scissor 1 95.00 30.00 ₱ 3.21 ₱ 26.79
Tape 2 32.00 30.00 ₱ 3.21 ₱ 26.79
Stapler 1 119.00 30.00 ₱ 3.21 ₱ 26.79
Staple Wire 1 54.00 30.00 ₱ 3.21 ₱ 26.79
Tape Dispenser 1 119.00 100.00 ₱ 10.71 ₱ 89.29
Total Office Supplies Expense ₱ 250.00
Total Supplies Expense ₱ 1,370.54
 Schedule 5
Projected Repair & Maintenance Expense
Particulars Quantity Total Cost Repair Cost (1%) Input VAT Year 1
Leasehold Improvement 1 ₱ 64,446.43 ₱ 644.46 ₱ 69.05 ₱ 575.41
Rice Cooker 1 4,107.14 41.07 4.40 36.67
Refrigerator 1 24,098.21 240.98 25.82 215.16
Chiller 1 23,924.11 239.24 25.63 213.61
Gas Stove with Tank 1 2,357.14 23.57 2.53 21.05
POS Tablet 1 17,678.57 176.79 18.94 157.84
Water Dispenser 1 9,526.79 95.27 10.21 85.06
Total Repair and Maintenance ₱ 1,304.81
Schedule 6
Projected Utilities Expense
Watt
Operati Daily Total Daily Monthly
Machinery QTY per KWH Rate Yearly Usage
ng Hour Usage KWH Usage Usage
hour
Rice Cooker 1 300 6 1800 1.8 1.8 ₱9.40 ₱ 16.92 ₱ 439.92 ₱ 5,279.04
Refrigerator 1 300 24 7200 7.2 7.2 9.40 67.68 1,759.68 21,116.16
Chiller 1 500 24 12000 12 12 9.40 112.80 2,932.80 35,193.60
POS Tablet 1 20 8 160 0.16 0.16 9.40 1.50 39.10 469.25
Water Dispenser 1 250 8 2000 2 2 9.40 18.80 488.80 5,865.60
CCTV 3 15 24 360 0.36 1.08 9.40 10.15 263.95 3,167.42
Light Bulb 5 8 8 64 0.06 0.32 9.40 3.01 78.21 938.50
Flourescent Light 3 8 8 64 0.06 0.19 9.40 1.80 46.92 563.10
Total Electricity Consumption ₱ 72,592.67
Total Water Consumption ₱ 424.00 ₱ 5,088.00
Total Utilities Expense, VAT inclusive ₱ 77,680.67
Input VAT ₱ 8,322.93
Total Utilities Expense, net of VAT ₱ 69,357.74
Schedule 7
Projected Communication Expense
Monthly
Particulars Annual Cost Input VAT Year 1
Cost
₱ 1,399.00 ₱ 16,788.00 ₱ 1,798.71 ₱ 14,989.29
Internet and Telephone
Expense
Schedule 8
Projected Business Permits and Licenses Expense
Permits and Licenses Year 1
Business Name Registration ₱ 300.00
Business Permit/Mayors permit 5,000.00
Community Tax Certificate/ Cedula 1,300.00
TIN Certificate/ BIR 500.00
Barangay Clearance 500.00
Zoning Clearance 200.00
Sanitary Permit 500.00
Fire and Safety/ Police Permit 650.00
Total Permits and Licenses Expense ₱ 8,950.00
 Schedule 9
Projected Salaries Expense
Year 1-3
No. Total
Rate per Annual Salary Total Annual Total 13th- Total Salaries
Position of Monthly
day per Employee Salary month Pay Expense
EE Salary
Cashier 1 ₱403.00 ₱10,478.00 ₱ 125,736.00 ₱ 125,736.00 ₱ 10,478.00 ₱ 136,214.00
Head Cook 1 403.00 10,478.00 125,736.00 125,736.00 10,478.00 136,214.00
Utility 1 403.00 10,478.00 125,736.00 125,736.00 10,478.00 136,214.00
Total 3 ₱31,434.00 ₱ 377,208.00 ₱ 377,208.00 ₱ 31,434.00 ₱ 408,642.00
Total Salaries Expense ₱ 408,642.00
Year 4-5
No. Total
Rate per Annual Salary Total Annual Total 13th- Salaries
Position of Monthly
day per Employee Salary month Pay Expense
EE Salary
Cashier 1 ₱420.33 ₱10,928.55 ₱ 131,142.65 ₱ 131,142.65 ₱ 10,928.55 ₱ 142,071.20
Head Cook 1 420.33 10,928.55 131,142.65 131,142.65 10,928.55 142,071.20
Utility 1 420.33 10,928.55 131,142.65 131,142.65 10,928.55 142,071.20
Total ₱32,785.66 ₱ 393,427.94 ₱ 393,427.94 ₱ 32,785.66 ₱ 426,213.61
Total Salaries Expense ₱ 426,213.61
 Schedule 10
Projected SSS, Philhealth & Pag-Ibig Contribution Expense
Year 1-3
No. SSS PHILHEALTH PAGIBIG
Total SSS, Philhealth
Position of Monthly Salary
ER EC ER ER and Pag-Ibig Expense
EE
₱
Cashier 1 ₱ 10,478.00 ₱ 11,944.92 ₱ 120.00 ₱ 3,143.40 ₱ 2,400.00
17,608.32
Head Cook 1 10,478.00 11,944.92 120.00 3,143.40 2,400.00 17,608.32
Utility 1 10,478.00 11,944.92 120.00 3,143.40 2,400.00 17,608.32
₱
₱ 35,834.76 ₱ 360.00 ₱ 9,430.20 ₱ 7,200.00
₱ 52,824.96
Total
31,434.00 ₱
36,194.76 ₱ 9,430.20 ₱ 7,200.00
52,824.96
Year 4-5
No. SSS PHILHEALTH PAGIBIG
Total SSS, Philhealth
Position of Monthly Salary
ER EC ER ER and Pag-Ibig Expense
EE
₱
Cashier 1 ₱ 10,928.55 ₱ 12,458.55 ₱ 120.00 ₱ 3,278.57 ₱ 2,400.00
18,257.12
Head Cook 1 10,928.55 12,458.55 120.00 3,278.57 2,400.00 18,257.12
Utility 1 10,928.55 12,458.55 120.00 3,278.57 2,400.00 18,257.12
₱
Total ₱ 32,785.66 ₱ 37,375.65 ₱ 360.00 ₱ 9,835.70 ₱ 7,200.00
54,771.35
 Schedule 11
Projected Depreciation Expense
Building
Total Cost,
Total Cost, net Estimated Annual
Particulars Quantity Unit Cost inclusive of Input VAT
of VAT Useful Life Depreciation
VAT
Building 1 ₱ 72,180.00 ₱ 72,180.00 ₱ 7,733.57 ₱ 64,446.43 10 ₱ 6,444.64
Total Cost ₱ 72,180.00 ₱ 7,733.57 ₱ 64,446.43 ₱ 6,444.64
Production Equipment
Total Cost,
Total Cost, net Estimated Annual
Particulars Quantity Unit Cost inclusive of Input VAT
of VAT Useful Life Depreciation
VAT
Rice Cooker 1 ₱ 4,600.00 ₱ 4,600.00 ₱ 492.86 ₱ 4,107.14 10 ₱ 410.71
Refrigerator 1 26,990.00 26,990.00 ₱ 2,891.79 ₱ 24,098.21 10 ₱ 2,409.82
Chiller 1 26,795.00 26,795.00 ₱ 2,870.89 ₱ 23,924.11 10 ₱ 2,392.41
Gas Stove with Tank 1 2,640.00 2,640.00 ₱ 282.86 ₱ 2,357.14 10 ₱ 235.71
Total ₱ 61,025.00 ₱ 6,538.39 ₱ 54,486.61 ₱ 5,448.66
Office Equipment
Total Cost,
Total Cost, net Estimated Annual
Particulars Quantity Unit Cost inclusive of Input VAT
of VAT Useful Life Depreciation
VAT
POS Tablet 1 19,800.00 19,800.00 ₱ 2,121.43 ₱ 17,678.57 10 ₱ 1,767.86
Water Dispenser 1 10,670.00 10,670.00 ₱ 1,143.21 ₱ 9,526.79 10 ₱ 952.68
Total Cost ₱ 30,470.00 ₱ 3,264.64 ₱ 27,205.36 ₱ 2,720.54
Kitchen Tools
Total Cost,
Total Cost, net Estimated Annual
Particulars Quantity Unit Cost inclusive of Input VAT
of VAT Useful Life Depreciation
VAT
Knife 3 ₱ 75.05 ₱ 225.15 ₱ 24.12 ₱ 201.03 5 ₱ 40.21
Metal Spatula 3 99.00 297.00 ₱ 31.82 ₱ 265.18 5 ₱ 53.04
Kitchen Shears 2 88.00 176.00 ₱ 18.86 ₱ 157.14 5 ₱ 31.43
Tongs 2 150.00 300.00 ₱ 32.14 ₱ 267.86 5 ₱ 53.57
Cast-iron Skillet 3 280.33 840.99 ₱ 90.11 ₱ 750.88 5 ₱ 150.18
Nonstick Skillet 3 155.00 465.00 ₱ 49.82 ₱ 415.18 5 ₱ 83.04
Saucepans 3 296.00 888.00 ₱ 95.14 ₱ 792.86 5 ₱ 158.57
Sheet Pan 2 159.44 318.88 ₱ 34.17 ₱ 284.71 5 ₱ 56.94
Colander 1 210.00 210.00 ₱ 22.50 ₱ 187.50 5 ₱ 37.50
 Box Grater 1 154.63 154.63 ₱ 16.57 ₱ 138.06 5 ₱ 27.61
Prep Bowls 3 179.54 538.62 ₱ 57.71 ₱ 480.91 5 ₱ 96.18
Cutting Board 2 139.55 279.10 ₱ 29.90 ₱ 249.20 5 ₱ 49.84
Spoon 10 40.00 400.00 ₱ 42.86 ₱ 357.14 5 ₱ 71.43
Fork 10 39.00 390.00 ₱ 41.79 ₱ 348.21 5 ₱ 69.64
Plate 40 39.00 1,560.00 ₱ 167.14 ₱ 1,392.86 5 ₱ 278.57
Containers 5 50.00 250.00 ₱ 26.79 ₱ 223.21 5 ₱ 44.64
Sizzling Plate 36 180.00 6,480.00 ₱ 694.29 ₱ 5,785.71 5 ₱ 1,157.14
Gallons 3 150.00 450.00 ₱ 48.21 ₱ 401.79 5 ₱ 80.36
Total Cost ₱ 14,223.37 ₱ 1,523.93 ₱ 12,699.44 ₱ 2,539.89
Furniture and Fixtures
Total Cost,
Total Cost, net Estimated Annual
Particulars Quantity Unit Cost inclusive of Input VAT
of VAT Useful Life Depreciation
VAT
Dining Set 7 ₱ 9,625.00 ₱ 67,375.00 ₱ 7,218.75 ₱ 60,156.25 7 ₱ 1,031.25
Kitchen Cabinet 1 16,500.00 16,500.00 ₱ 1,767.86 ₱ 14,732.14 7 ₱ 252.55
Total Cost ₱ 83,875.00 ₱ 8,986.61 ₱ 74,888.39 ₱ 1,283.80
TOTAL DEPRECIATION EXPENSE ₱ 18,437.53
Schedule 12
Projected Rent Expense

Particulars Monthly Cost Annual Cost Input VAT Annual Cost

Rent Fee ₱ 15,000.00 ₱ 180,000.00 ₱ 19,285.71 ₱ 160,714.29
Schedule 13
Projected Other Expenses
Particulars Quantity Unit Cost Total Cost Input VAT Year 1
Fire Extinguisher 1 ₱ 2,999.00 ₱ 2,999.00 ₱ 321.32 ₱ 2,677.68
CCTV 3 488.00 1,464.00 ₱ 156.86 ₱ 1,307.14
Light Bulb 5 93.00 465.00 ₱ 49.82 ₱ 415.18
Flourescent Light 3 450.00 1,350.00 ₱ 144.64 ₱ 1,205.36
Total Other Miscellaneous Expense ₱ 6,278.00 ₱ 672.64 ₱ 5,605.36
 Schedule 14
Projected Tax Expense

Account Title Year 1 Year 2 Year 3 Year 4 Year 5

Income Subject to Tax ₱ 557,495.15 ₱ 616,261.37 ₱ 669,373.07 ₱ 710,956.31 ₱ 768,859.07
Multiply by:
Corporate Income Tax 20% 20% 20% 20% 20%
Income Tax Expense 111,499.03 123,252.27 133,874.61 142,191.26 153,771.81
Schedule 15
Projected Property, Plant and Equipment

Particulars Qty Unit Cost Total Cost Input VAT Total Cost
Leasehold Improvement 1 72,180.00 72,180.00 7,733.57 64,446.43
Total ₱ 72,180.00 ₱ 7,733.57 ₱ 64,446.43
Production Equipment
Rice Cooker 1 4,600.00 4,600.00 492.86 4,107.14
Refrigerator 1 26,990.00 26,990.00 2,891.79 24,098.21
Chiller 1 26,795.00 26,795.00 2,870.89 23,924.11
Gas Stove with Tank 1 2,640.00 2,640.00 282.86 2,357.14
Total ₱ 61,025.00 ₱ 6,538.39 ₱ 54,486.61
Office Equipment
POS Tablet 1 19,800.00 19,800.00 2,121.43 17,678.57
Water Dispenser 1 10,670.00 10,670.00 1,143.21 9,526.79
Total ₱ 30,470.00 ₱ 3,264.64 ₱ 27,205.36
Kitchen Tools
Knife 3 75.05 225.15 24.12 201.03
Metal Spatula 3 99.00 297.00 31.82 265.18
Kitchen Shears 2 88.00 176.00 18.86 157.14
Tongs 2 150.00 300.00 32.14 267.86
Cast-iron Skillet 3 280.33 840.99 90.11 750.88
Nonstick Skillet 3 155.00 465.00 49.82 415.18
Saucepans 3 296.00 888.00 95.14 792.86
Sheet Pan 2 159.44 318.88 34.17 284.71
Colander 1 210.00 210.00 22.50 187.50
Box Grater 1 154.63 154.63 16.57 138.06
Prep Bowls 3 179.54 538.62 57.71 480.91
Cutting Board 2 139.55 279.10 29.90 249.20
Spoon 10 40.00 400.00 42.86 357.14
Fork 10 39.00 390.00 41.79 348.21
Plate 40 39.00 1,560.00 167.14 1,392.86
Containers 5 50.00 250.00 26.79 223.21
Sizzling Plate 36 180.00 6,480.00 694.29 5,785.71
Gallons 3 150.00 450.00 48.21 401.79
Total ₱ 14,223.37 ₱ 1,523.93 ₱ 12,699.44
Furniture and Fixture
Dining Set 7 9,625.00 67,375.00 7,218.75 60,156.25
Kitchen Cabinet 1 16,500.00 16,500.00 1,767.86 14,732.14
Total ₱ 83,875.00 ₱ 8,986.61 ₱ 74,888.39
Total Property, Plant Equipment, net of VAT ₱ 233,726.22
Schedule 16
Projected Accumulated Depreciation
Building
Accumulated Accumulated Accumulated Accumulated Accumulated
Particulars QTY Depreciation
Depreciation Year 1 Depreciation Year 2 Depreciation Year 3 Depreciation Year 4 Depreciation Year 5
Building 1 ₱ 6,444.64 ₱ 6,444.64 ₱ 12,889.29 ₱ 19,333.93 ₱ 25,778.57 ₱ 32,223.21
Total Depreciation ₱ 6,444.64 ₱ 6,444.64 ₱ 12,889.29 ₱ 19,333.93 ₱ 25,778.57 ₱ 32,223.21
Production Equipment
Accumulated Accumulated Accumulated Accumulated Accumulated
Particulars QTY Depreciation
Depreciation Year 1 Depreciation Year 2 Depreciation Year 3 Depreciation Year 4 Depreciation Year 5
Rice Cooker 1 ₱ 410.71 ₱ 410.71 ₱ 821.43 ₱ 1,232.14 ₱ 1,642.86 ₱ 2,053.57
Refrigerator 1.00 2,409.82 2,409.82 4,819.64 7,229.46 9,639.29 12,049.11
Chiller 1.00 2,392.41 2,392.41 4,784.82 7,177.23 9,569.64 11,962.05
Gas Stove with Tank 1.00 235.71 235.71 471.43 707.14 942.86 1,178.57
Total Depreciation ₱ 5,448.66 ₱ 5,448.66 ₱ 10,897.32 ₱ 16,345.98 ₱ 21,794.64 ₱ 27,243.30
Production Equipment
Accumulated Accumulated Accumulated Accumulated Accumulated
Particulars QTY Depreciation
Depreciation Year 1 Depreciation Year 2 Depreciation Year 3 Depreciation Year 4 Depreciation Year 5
POS Tablet 1.00 1,767.86 1,767.86 3,535.71 5,303.57 7,071.43 8,839.29
Water Dispenser 1.00 952.68 952.68 1,905.36 2,858.04 3,810.71 4,763.39
Total Depreciation ₱ 2,720.54 ₱ 2,720.54 ₱ 5,441.07 ₱ 8,161.61 ₱ 10,882.14 ₱ 13,602.68
Production Equipment
Accumulated Accumulated Accumulated Accumulated Accumulated
Particulars QTY Depreciation
Depreciation Year 1 Depreciation Year 2 Depreciation Year 3 Depreciation Year 4 Depreciation Year 5
Knife 3 ₱ 40.21 ₱ 40.21 ₱ 80.41 ₱ 120.62 ₱ 160.82 ₱ 201.03
Metal Spatula 3.00 53.04 53.04 106.07 159.11 212.14 265.18
Kitchen Shears 2.00 31.43 31.43 62.86 94.29 125.71 157.14
Tongs 2.00 53.57 53.57 107.14 160.71 214.29 267.86
Cast-iron Skillet 3.00 150.18 150.18 300.35 450.53 600.71 750.88
Nonstick Skillet 3.00 83.04 83.04 166.07 249.11 332.14 415.18
Saucepans 3.00 158.57 158.57 317.14 475.71 634.29 792.86
Sheet Pan 2.00 56.94 56.94 113.89 170.83 227.77 284.71
Colander 1.00 37.50 37.50 75.00 112.50 150.00 187.50
Box Grater 1.00 27.61 27.61 55.23 82.84 110.45 138.06
Prep Bowls 3.00 96.18 96.18 192.36 288.55 384.73 480.91
Cutting Board 2.00 49.84 49.84 99.68 149.52 199.36 249.20
Spoon 10.00 71.43 71.43 142.86 214.29 285.71 357.14
Fork 10.00 69.64 69.64 139.29 208.93 278.57 348.21
Plate 40.00 278.57 278.57 557.14 835.71 1,114.29 1,392.86
Containers 5.00 44.64 44.64 89.29 133.93 178.57 223.21
Sizzling Plate 36.00 1,157.14 1,157.14 2,314.29 3,471.43 4,628.57 5,785.71
Gallons 3.00 80.36 80.36 160.71 241.07 321.43 401.79
Total Depreciation ₱ 2,539.89 ₱ 2,539.89 ₱ 5,079.78 ₱ 7,619.66 ₱ 10,159.55 ₱ 12,699.44
Furniture and Fixture
Accumulated Accumulated Accumulated Accumulated Accumulated
Particulars QTY Depreciation
Depreciation Year 1 Depreciation Year 2 Depreciation Year 3 Depreciation Year 4 Depreciation Year 5
Dining Set 7 ₱ 1,031.25 ₱ 1,031.25 ₱ 2,062.50 ₱ 3,093.75 ₱ 4,125.00 ₱ 5,156.25
Kitchen Cabinet 1.00 252.55 252.55 505.10 757.65 1,010.20 1,262.76
Total Depreciation ₱ 1,283.80 ₱ 1,283.80 ₱ 2,567.60 ₱ 3,851.40 ₱ 5,135.20 ₱ 6,419.01
Total Accumulated Depreciation ₱ 18,437.53 ₱ 18,437.53 ₱ 36,875.06 ₱ 55,312.58 ₱ 73,750.11 ₱ 92,187.64
 Schedule 17
Projected SSS, Philhealth and Pag-Ibig Payable

Year 1-3
SSS Philhealth PAGIBIG
Position No. of EE Monthly Salary
ER EC EE ER EE ER EE
Cashier 1 ₱ 10,478.00 ₱ 995.41 ₱ 10.00 ₱ 471.51 ₱ 261.95 ₱ 261.95 ₱ 200.00 ₱ 200.00
Head Cook 1 10,478.00 995.41 10.00 471.51 261.95 261.95 200.00 200.00
Utility 1 10,478.00 995.41 10.00 471.51 261.95 261.95 200.00 200.00
Total ₱ 31,434.00 ₱ 2,986.23 ₱ 30.00 ₱ 1,414.53 ₱ 785.85 ₱ 785.85 ₱ 600.00 ₱ 600.00
Total Payable ₱4,430.76 ₱1,571.70 ₱1,200.00
Year 4-5
SSS PHILHEALTH PAGIBIG
Position No. of EE Monthly Salary
ER EC EE ER EE ER EE
Cashier 1 ₱ 10,928.55 ₱ 1,038.21 ₱ 10.00 ₱ 1,038.21 ₱ 273.21 ₱ 273.21 ₱ 200.00 ₱ 200.00
Head Cook 1 10,928.55 1,038.21 10.00 1,038.21 273.21 273.21 200.00 200.00
Utility 1 10,928.55 1,038.21 10.00 1,038.21 273.21 273.21 200.00 200.00
Total ₱ 32,785.66 ₱ 3,114.64 ₱ 30.00 ₱ 3,114.64 ₱ 819.64 ₱ 819.64 ₱ 600.00 ₱ 600.00
Total Payable ₱6,259.28 ₱1,639.28 ₱1,200.00
 Schedule 18
Projected Withholding Tax Payable

Account Title YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

Net Income ₱ 445,996.12 ₱ 493,009.10 ₱ 535,498.46 ₱ 568,765.05 ₱ 615,087.26
EWT Rate 1% 1% 1% 1% 1%
Total EWT Payable ₱ 4,459.96 ₱ 4,930.09 ₱ 5,354.98 ₱ 5,687.65 ₱ 6,150.87
 Schedule 19
Projected VAT Payable

Particular/s Year 1 Year 2 Year 3 Year 4 Year 5

Output VAT ₱ 304,714.29 ₱ 317,817.00 ₱ 331,483.13 ₱ 345,736.91 ₱ 360,603.59
Less:
Input VAT ₱ (180,226.33) ₱ (186,277.10) ₱ (193,569.82) ₱ (200,491.45) ₱ (208,409.81)
Cost of Goods Sold ₱ (144,883.43) ₱ (150,801.92) ₱ (157,286.40) ₱ (164,049.72) ₱ (171,103.85)
Advertising Expense ₱ (1,553.57) ₱ (1,620.38) ₱ (1,690.05) ₱ (1,762.72) ₱ (1,838.52)
Supplies Expense ₱ (164.46) ₱ (171.54) ₱ (178.91) ₱ (186.61) ₱ (194.63)
Repair & Maintenance ₱ (156.58) ₱ (163.31) ₱ (170.33) ₱ (177.66) ₱ (185.30)
Utilities Expense ₱ (8,322.93) ₱ (8,680.81) ₱ (9,054.09) ₱ (9,443.42) ₱ (9,849.48)
Communication Expense ₱ (1,798.71) ₱ (1,798.71) ₱ (1,798.71) ₱ (1,798.71) ₱ (1,798.71)
Business Permits and Licenses ₱ (1,074.00) ₱ (1,074.00) ₱ (1,074.00) ₱ (1,074.00) ₱ (1,074.00)
Rent Expense ₱ (21,600.00) ₱ (21,600.00) ₱ (21,600.00) ₱ (21,600.00) ₱ (21,600.00)
Other Expenses ₱ (672.64) ₱ (366.43) ₱ (717.32) ₱ (398.62) ₱ (765.31)
VAT Due ₱ 124,487.96 ₱ 131,539.90 ₱ 137,913.31 ₱ 145,245.46 ₱ 152,193.79
VAT Paid 93,365.97 98,654.93 103,434.98 108,934.09 114,145.34
Total VAT Payable ₱ 31,121.99 ₱ 32,884.98 ₱ 34,478.33 ₱ 36,311.36 ₱ 38,048.45
Schedule 20
Projected Corporate Tax Payable
Account Title Year 1 Year 2 Year 3 Year 4 Year 5
Income Subject to Tax ₱ 557,495.15 ₱ 616,261.37 ₱ 669,373.07 ₱ 710,956.31 ₱ 768,859.07
Multiply by:
Corporate Income Tax 20% 20% 20% 20% 20%
Income Tax Expense 111,499.03 123,252.27 133,874.61 142,191.26 153,771.81
Income Tax Paid 83,624.27 92,439.21 100,405.96 106,643.45 115,328.86
Income Tax Payable ₱ 27,874.76 ₱ 30,813.07 ₱ 33,468.65 ₱ 35,547.82 ₱ 38,442.95
 References

Cruz, A. (2021). The influence of social media on food trends. Journal of

Culinary Trends, 12(2), 45-58.https://www.igi-
global.com/gateway/chapter/328371

Del Rosario, P., & Aquino, R. (2020). Cooperative models in the food
industry: The case of pastil production. International Journal of
Cooperative
Studies.https://ejournal.corespub.com/index.php/ijhlp/article/view/67

Lancaster, K. J. (1966). A new approach to consumer theory. Journal of

Political Economy, 74(2), 132-157.http://www.jstor.org/stable/1828835

Lim, K., & Gonzales, A. (2020). Pricing strategies for small food
enterprises: Insights from the pastil market.
https://scholarworks.waldenu.edu/cgi/viewcontent.cgi?article=2406&c
ontext=dissertations

McAlister, L., &Pessemier, E. (1982). Variety seeking behavior: An

interdisciplinary review. Journal of Consumer Research, 9(3), 311-
322.https://www.jstor.org/stable/2488626

Mercado, R., & Santos, T. (2020). Digital marketing strategies for

promoting traditional foods. Journal of Marketing Strategies.

Ramos, A., & Bautista, E. (2020). Ensuring food safety and quality in pastil
production.https://www.frontiersin.org/research-topics/59184/ensuring
- food-safety-and-quality-throughout-the-supply-chain

Santos, M. (2020). The culinary heritage of the Moro people: A case study
of pastil. Asian Journal of Food Studies, 5(1),
2035.https://www.ide.go.jp/library/English/Publish/Periodicals/De/pdf/71_
03_04.pdf
Santos, P., & Rivera, J. (2021). Human resource management in
traditional food enterprises.
https://www.intechopen.com/chapters/84547

Sehji, R. (2022). Innovation strategies in the food industry. International

Journal of Technology Management. Academia.
https://doi.org/10.1016/B978-0-12-803751-5.01002-3.

Torres, R., & Fernandez, J. (2021). Pastil as a cultural ambassador:

Promoting social cohesion through culinary heritage.
https://medium.com/@johndy.maghanoy22/pastil-paradiseunraveling-
the-authentic-flavors-of-a-filipino-culinary-delight ae71853829bd

119