Sales Forecast
For Five Years of Operation
Year 1 (2013)
11,754.00
x 80.00
940,320.00
Year 2 (2014)
14,517.00
x 80.00
1,161,360.00
846,288.00
75,225.60
1,045,224.00
Year 3 (2015)
17,929.00
x 80.00
1,434,320.00
1,120,449.60
23,227.20
116,136.00
Year 5 (2017)
27,345.00
x 80.00
2,187,600.00
92,908.80
1,290,888.00
846,288.00
18,806.40
94,032.00
Year 4 (2016)
22,142.00
x 80.00
1,771,360.00
1,383,796.80
28,686.40
143,432.00
114,745.60
1,594,224.00
141,708.80
1,708,969.60
35,427.20
177,136.00
1,968,840.00
2,110,548.80
43,752.00
218,760.00
11,754.00
1,452.00
13,206.00
13,206.00
x 47.50
627,285.00
533,192.25
94,092.75
14,517.00
1,793.00
16,310.00
1,452.00
14,858.00
x 47.50
705,755.00
693,984.50
105,863.25
17,929.00
2,214.00
20,143.00
1,793.00
18,350.00
x 47.50
871,625.00
846,744.50
130,743.75
22,142.00
2,735.00
24,877.00
2,214.00
22,663.00
x 47.50
1,076,492.50
1,045,762.38
161,473.88
27,345.00
1,700.00
29,045.00
2,735.00
26,310.00
x 47.50
1,249,725.00
1,223,740.13
187,458.75
Year 1 (2013)
Revenue
Sales
Less: Cost of Good Sold
Inventory-Beg.
Plus: Purchases
Goods available for sale
Less:Inventory-End
Gross Profit
Less: Operating expenses
Advertisement
Gas and Lubricants
Utilities Expense
Supplies expense
Repairs and maintenance
Salaries expense
Employee's benefits
Depreciation expense
Bad debts expense
Earnings before income tax
Less: Income tax
Net Income After Tax
Year 2 (2014)
940,320.00
627,285.00
627,285.00
68,970.00
35,262.00
23,508.00
17,631.00
14,104.80
15,280.20
164,556.00
11,754.00
18,806.40
558,315.00
382,005.00
300,902.40
81,102.60
28,385.91
52,716.69
Year 3 (2015)
1,161,360.00
68,970.00
705,755.00
774,725.00
85,167.50
43,551.00
29,034.00
21,775.50
17,420.40
18,872.10
203,238.00
14,517.00
3,125.00
23,227.20
689,557.50
471,802.50
374,760.20
97,042.30
33,964.81
63,077.50
85,167.50
871,625.00
956,792.50
105,165.00
53,787.00
35,858.00
26,893.50
21,514.80
23,307.70
251,006.00
17,929.00
3,125.00
28,686.40
Year 3 (2015)
1,434,320.00
956,792.50
477,527.50
462,107.40
120,585.10
42,204.79
78,380.32
Continued
MKH Vinegar Manufacturing Enterprise
Forecasted Income Statement
for Five Years of Operations
Year 4 (2015)
Year 5 (2016)
Revenue
Sales
Less: Cost of Good Sold
Inventory-Beg.
Plus: Purchases
Goods available for sale
Less:Inventory-End
Gross Profit
Operating expenses
Advertisement
Gas and Lubricants
Utilities Expense
Supplies expense
Repairs and maintenance
Salaries expense
Employee's benefits
Depreciation expense
Bad debts expense
Earnings before income tax
Less: Income tax
Net Income After Tax
1,771,360.00
105,165.00
1,076,492.50
1,181,657.50
129,912.50
1,051,745.00
719,615.00
2,187,600.00
129,912.50
1,249,725.00
1,379,637.50
80,750.00
1,298,887.50
888,712.50
Less:
66,426.00
44,284.00
33,213.00
26,570.40
28,784.60
309,988.00
22,142.00
3,125.00
35,427.20
569,960.20
149,654.80
52,379.18
97,275.62
82,035.00
54,690.00
41,017.50
32,814.00
35,548.50
382,830.00
27,345.00
11,125.00
43,752.00
711,157.00
177,555.50
62,144.43
115,411.08
Hatori, Capital-Jan.1
Add: Net Income
Additional Investment
Total
Less: Hatori, Withdrawals
Hatori, Capital-Dec.31
Year 1 (2013)
5,000.00
52,716.69
52,716.69
57,716.69
57,716.69
Year 2 (2014)
57,716.69
63,077.50
63,077.50
120,794.19
120,794.19
Hatori, Capital-Jan.1
Add: Net Income
Additional Investment
Total
Less: Salaries expense
Hatori, Capital-Dec.31
Year 4 (2016)
199,174.50
97,275.62
97,275.62
296,450.12
296,450.12
Year 5 (2017)
296,450.12
115,411.08
115,411.08
411,861.20
411,861.20
Year 3 (2015)
120,794.19
78,380.32
78,380.32
199,174.50
199,174.50
Year 1 (2013)
Current Assets
Cash
Accounts Recievable
Allowance for uncollectible accounts
Non-Current Assets
Furniture and Fixtures
Accumulated depreciation - F&F
Tricycle
Accumulated depreciation - Tricycle
Building
Accumulated depreciation - BLDG.
Land
Inventory
TOTAL ASSETS
Year 2 (2014)
10,999.75
94,032.00
(18,806.40)
25,000.00
-
75,225.60
25,000.00
68,970.00
180,195.35
Year 3(2015)
60,670.94
116,136.00
(23,227.20)
25,000.00
(3,125.00)
-
92,908.80
21,875.00
85,167.50
260,622.24
143,432.00
(28,686.40)
25,000.00
(6,250.00)
-
94,092.75
28,385.91
122,478.66
57,716.69
180,195.35
105,863.25
33,964.81
139,828.06
120,794.19
260,622.24
130,743.75
42,204.79
Year 3(2015)
133,462.44
114,745.60
18,750.00
105,165.00
372,123.04
172,948.54
199,174.50
372,123.04
Continued
MKH Vinegar Manufacturing Enterprise
Statement of Financial Position
for Five Years of Operation
Year 4 (2016)
Current Assets
Cash
Accounts Recievable
Allowance for uncollectible accounts
Non-Current Assets
Furniture and Fixtures
Accumulated depreciation - F&F
Tricycle
Accumulated depreciation - Tricycle
Building
Accumulated depreciation - BLDG.
Land
Inventory
TOTAL ASSETS
Year 5 (2017)
143,056.88
177,136.00
(35,427.20)
30,000.00
25,000.00
(9,375.00)
50,000.00
-
141,708.80
30,000.00
15,625.00
50,000.00
129,912.50
510,303.18
321,206.37
218,760.00
(43,752.00)
30,000.00
(3,000.00)
25,000.00
(12,500.00)
50,000.00
(5,000.00)
92,908.80
27,000.00
12,500.00
45,000.00
80,750.00
661,464.37
161,473.88
52,379.18
213,853.06
296,450.12
510,303.18
187,458.75
62,144.43
249,603.18
411,861.20
661,464.37
Year 1 (2013)
Cash flows from operating activities:
Cash Collection from sales
Cash paid to suppliers and employees
Income tax paid
Net cash provided by operating activities
Cash flows from investing activities:
Capital expenditures:
Tricycle
Building
Furnitures and Fixtures
Land
Cash flows from financing activities:
Net borrowings under line-of-credit
Proceeds from financing institution
Net cash increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and Cash equivalents at the end of year
846,288.00
(815,288.25)
-
Year 2 (2014)
1,120,449.60
(1,042,392.50)
(28,385.91)
30,999.75
(25,000.00)
-
Year 3 (2015)
(25,000.00)
1,383,796.80
(1,277,040.50)
(33,964.81)
49,671.19
5,999.75
5,000.00
10,999.75
49,671.19
10,999.75
60,670.94
Year 3 (2015)
72,791.50
72,791.50
60,670.94
133,462.44
Continued
MKH Vinegar Manufacturing Enterprise
Statement of Cash Flow
For Five Years of Operation
Year 4 (2016)
Cash flows from operating activities:
Cash Collection from sales
Cash paid to suppliers and employees
Income tax paid
Net cash provided by operating activities
Cash flows from investing activities:
Capital expenditures:
Utensils
Building
Furnitures and Fixtures
Land
Cash flows from financing activities:
Net borrowings under line-of-credit
Proceeds from financing institution
Net cash increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and Cash equivalents at the end of year
Year 5 (2017)
1,708,969.60
(1,577,170.38)
(42,204.79)
2,110,548.80
(1,880,020.13)
(52,379.18)
89,594.44
(50,000.00)
(30,000.00)
-
(80,000.00)
178,149.50
9,594.44
133,462.44
143,056.88
178,149.50
143,056.88
321,206.37
16,455.60
7,052.40
23,508.00
20,323.80
8,710.20
29,034.00
Utilities Expense
Water Bill
Electricity
Telephone
Total
10,578.60
7,052.40
17,631.00
Supplies Expense:
Janitorial supplies
Paper, ink, and office supplies
Total
Repairs and Maintenance:
Provision for motor repairs(e.g. tires & etc.)
Provision for production house R&M
Total
Wages:
Bookkeeper Wages (P32.50/hr @ 1,920hrs.)
Administrative Assistant
SSS Contribution
Philhealth Contribution
Withholding Tax
13th Month Pay and fringe benefits
Total
Total Selling and Administrative Budget
2013
2014
2015
2016
2017
25,100.60
10,757.40
35,858.00
30,998.80
13,285.20
44,284.00
38,283.00
16,407.00
54,690.00
13,065.30
8,710.20
21,775.50
12,550.30
5,378.70
8,964.50
26,893.50
15,499.40
6,642.60
11,071.00
33,213.00
19,141.50
8,203.50
13,672.50
41,017.50
8,227.80
5,877.00
14,104.80
10,161.90
7,258.50
17,420.40
12,550.30
8,964.50
21,514.80
15,499.40
11,071.00
26,570.40
19,141.50
13,672.50
32,814.00
11,754.00
3,526.20
15,280.20
14,517.00
4,355.10
18,872.10
17,929.00
5,378.70
23,307.70
22,142.00
6,642.60
28,784.60
27,345.00
8,203.50
35,548.50
62,400.00
62,400.00
2,520.00
1,800.00
2,640.00
5,200.00
74,560.00
145,084.00
2,520.00
1,800.00
2,640.00
5,200.00
74,560.00
161,662.00
62,400.00
31,200.00
2,520.00
1,800.00
2,640.00
10,400.00
110,960.00
218,534.00
62,400.00
62,400.00
2,520.00
1,800.00
2,640.00
10,400.00
142,160.00
275,012.00
62,400.00
62,400.00
2,520.00
1,800.00
2,640.00
10,400.00
142,160.00
306,230.00
Marketing Budget
Particulars
Advertisement:
Leaftlets and fliers
signages and tarpaulin
Freebies and complementary products
Total Marketing Budget
2,013.00
2,014.00
2,015.00
2,016.00
2,017.00
9,403.20
11,754.00
14,104.80
35,262.00
11,613.60
14,517.00
17,420.40
43,551.00
14,343.20
17,929.00
21,514.80
53,787.00
17,713.60
22,142.00
26,570.40
66,426.00
21,876.00
27,345.00
32,814.00
82,035.00
Labor Budget
Wages (P32.50/hr @ 2,920hrs.)
Laborer
Laborer
SSS Contribution
Philhealth Contribution
Withholding Tax
13th Month Pay and fringe benefits
Total
83,036.00
2,520.00
1,800.00
2,640.00
89,996.00
94,900.00
2,520.00
1,800.00
2,640.00
26,818.00
128,678.00
94,900.00
2,520.00
1,800.00
2,640.00
38,186.00
140,046.00
94,900.00
47,450.00
2,520.00
1,800.00
2,640.00
18,518.00
167,828.00
94,900.00
94,900.00
2,520.00
1,800.00
2,640.00
43,910.00
240,670.00
Employee's Benefts:
Provision on Overtime pay
Health and other personnel insurances
Total
Total Labor Budget
9,403.20
2,350.80
11,754.00
101,750.00
11,613.60
2,903.40
14,517.00
143,195.00
14,343.20
3,585.80
17,929.00
157,975.00
17,713.60
4,428.40
22,142.00
189,970.00
21,876.00
5,469.00
27,345.00
268,015.00
2013
33,015.00
33,015.00
26,412.00
396,180.00
39,618.00
99,045.00
627,285.00
68,970.00
558,315.00
2014
44,405.00
44,405.00
35,524.00
479,070.00
53,286.00
119,767.50
776,457.50
85,167.50
691,290.00
2015
54,840.00
54,840.00
43,872.00
591,660.00
65,808.00
147,915.00
958,935.00
105,165.00
853,770.00
2016
67,727.50
67,727.50
54,182.00
730,680.00
81,273.00
182,670.00
1,184,260.00
129,912.50
1,054,347.50
2017
79,450.00
79,450.00
63,560.00
902,400.00
95,340.00
225,600.00
1,445,800.00
80,750.00
1,365,050.00