Grand Hope Travel & Tours, Inc. was established on July 4, 1995.

A full service travel

agency providing comprehensive services to customers. Consistently rank as one of the top ten
producing agents in the industry to its valued clients, offers high quality, great value travel plans
and programs through services with pleasure including airline bookings and hotel reservations
both international and domestic with a direct access to different airlines using ABACUS and
AMADEUS system.

Vision
To lead with integrity in the community globally and be the most trusted and dependable travel
partner that will provide only the very best service for customers
who can depend on to find and discover the best tour and travel deals at the lowest possible
prices.

Mission
We believe in partnership. God first, our employees and the company.
Our mission is to create opportunities to bring change in the business of the tour and travel
industry through the practice of integrity, honesty and generosity
by providing only the very best products and customer service that will best meet the needs of an
ever changing market, both locally and internationally.

LOCAL BRANCHES
GRAND HOPE SM Main Branch; Lower Ground Level, SM City, Juan Luna Avenue
Extension, Cebu City, Philippines 6000; Contacts: (032) 233-8263, (032) 233-8530 ,
(032) 234-0764 or email at grandhopesm@gmail.com
GRAND HOPE Ayala Branch; Level 4, Ayala Center Cebu, Archbishop Reyes Avenue,
Cebu Business Park, Cebu City, Philippines 6000; Contacts: (032) 268-9009, (032) 2689008 or email at grandhope_ayala@yahoo.com
GRAND HOPE Fuente Branch; G/F Dona Luisa Building, Osmena Boulevard, Cebu
City, Philippines 6000; Contacts: (032) 255-4089, (032) 255-4091, (032) 253-5195or
email at grandhope_travel@yahoo.com
GRAND HOPE Bohol Branch; 2nd Floor Galleria Luisa Building, C. Gallares Street,
Tagbilaran City, Bohol Philippines 6300; Contacts: (038) 501-8588 or email at
grandhopebohol@gmail.com

ACCREDITATIONS
Institutions that trusted Grand Hope Travel, INC. thru the years
IATA (International Air Transport Association), CTTA (Cebu Tours and Travel Association),
CATO (Confederation of Accredited Tour Operators), PTTA (Philippine Travel Agencies
Association), Cebu City Tourism Commission, DFA (Department of Foreign Affairs), DOT
(Department of Tourism), PIATA (Philippine IATA Agency Travel Associations)

1.Domestic & International Tickets

2.Domestic & International Hotel bookings
3.FIT & Group Tour Packages
4.Rent a Car Services
5.Car Transfers
6.Visa Assistance
7.Passport Processing
4

8.Red Ribbon Assistance

9.NSO Assistance
10.Fast Ferry Ticket Issuance

TRAVEL PACKAGES
International Tours

Local Tours

Destinations Covered in the Travel Packages

BROCHURES

10

GRAND HOPE TRAVEL, INC.

COMPARATIVE BALANCE SHEET
As of December 31
2012

2011

ASSETS
Current Assets
Cash and Cash Equivalents

3,621,687.76

3,743,997.01

Prepayments and other assets

141,997.51

144,827.64

Total Current Assets

3,763,685.27

3,888,824.65

Property and Equipment

1,184,908.70

779,222.32

Total Noncurrent Assets

1,184,908.70

779,222.32

4,948,593.97

4,668,046.97

26,706.60

23,855.00

Noncurrent Assets

TOTAL ASSETS

LIABILITIES AND STOCKHOLDERS EQUITY

Current Liabilities
Accrued Expense Payable

Accounts/ Notes payable and other expenses payable

127,647.60
114,221.70
Total Liabilities

154,354.20

138,076.70

Capital Stock

3,250,000.00

3,250,000.00

Retained Earnings

1,544,239.77

1,279,970.27

Total Stockholders Equity

4,794,239.77

4,529,970.27

Stockholders' Equity

TOTAL LIABILITIES AND STOCKHOLDERS EQUITY

11

4,948,593.97

4,668,046.97

GRAND HOPE TRAVEL, INC.

COMPARATIVE INCOME STATEMENT
For the year Ended December 31
2012

2011

INCOME FROM:

PASSAGE INCOME

6,134,814.75

5,849,745.33

LESS: DIRECT SERVICE COST

4,079,651.81

3,890,080.64

GROSS PROFIT

2,055,162.94

1,959,664.69

LESS: OPERATING EXPENSES

1,677,645.09

1,627,252.46

NET INCOME

377,517.85

332,412.23

LESS: PROVISION OF TAXES

113,258.36

99,723.67

12

NET INCOME TO RETAINED EARNINGS

264,259.49

232,688.56

VERTICAL ANALYSIS
The percentage figures of year 2011 and 2012 presents the relationship of the different
items in the financial statements. This presents the relative size of an account in the portion to the
whole. The outcome of the percentage is presented in the common size statement.

GRAND HOPE TRAVEL, INC.

Common Size Comparative Statements of Financial Position
December 31, 2011 and 2012

ASSETS
Current Assets
Cash and Cash Equivalent
Prepayments and other assets
Total Current Assets

Non-Current Assets
Property and Equipment
Total Noncurrent Assets
TOTAL ASSETS

2015

2011

3,621,687.76

3,743,997.0
1
144,827.64
3,888,824.6
5

141,997.51
3,763,685.27

COMMON SIZE
PERCENTAGES
2012
2011
73.1862

80.20478

2.869452
76.05565

3.102532
83.30732

1,184,908.70
1,184,908.70

779,222.32
779,222.32

23.94435
23.94435

16.69268
23.94435

4,948,593.97

4,668,046.97

100

100

26,706.60
127,647.60

23,855.00
114,221.70

0.539681
2.579472

0.511027
2.446884

154,354.20

138,076.70

3.119153

2.957912

3,250,000.00
1,544,239.77
4,794,239.77
4,948,593.97

3,250,000.00
1,279,970.27
4,529,970.27
4,668,046.97

65.67522
31.20563
96.88085

69.62226
27.41982
97.04209

100

100

LIABILITIES AND
SHAREHOLDERS EQUITY
Current Liabilities
Accrued expense payable
Accounts/ Notes payable and other
expenses payable

Total Liabilities
Shareholders Equity
Capital Stock
Retained Earnings
Total Stockholders Equity
TOTAL LIABILITIES AND
STOCKHOLDERS EQUITY

13

14

GRAND HOPE TRAVEL, INC.

Common Size Income Statement
For the years ended December 31, 2011 and 2012

Passage Income
Less: Direct Service Cost
Gross Profit
Less: Operating Expenses
Net Income
Less: Provision for Taxes
Net Income to Retained Earnings

2012

2011

6,134,814.75
4,079,652
2,055,162.94
1,677,645.09
377,517.85

5,849,745.33
3,890,080.64
1,959,664.69
1,627,252.46
332,412.23
99,723.67
232,688.56

113,258.36
264,259.49

15

COMMON SIZE
PERCENTAGES
2012
2011
1001
66.5
33.5
27.3463
6.153696
1.846158
4.307538

100
66.5
33.5
27.81749
5.682508
1.704752
3.977755

HORIZONTAL ANALYSIS
The percentage figures of year 2011 and 2012 facilitate the comparison of the companys
financial position and results of operation. The result to a change is presented either a growth or
a reduction.
GRAND HOPE TRAVEL, INC.
Comparative Statements of Financial Position
December 31, 2012

ASSETS
Current Assets
Cash and Cash Equivalent
Prepayments and other assets
Total Current Assets

Non-Current Assets
Property and Equipment
Total Noncurrent Assets
TOTAL ASSETS

Increase (decrease)
AMOUNT PERCEN
T

2012

2011

3,621,687.76

3,743,997.0
1
144,827.64

-122,309.25

-3.26681

-2,830.13

-1.95414

3,763,685.27

3,888,824.6
5

-125,139.38

-3.21792

1,184,908.70
1,184,908.70

779,222.32
779,222.32

405,686.38
405,686.38

52.06298
52.06298

4,948,593.97

4,668,046.97

280,547.00

6.009944

26,706.60
127,647.60

23,855.00
114,221.70

2,851.60
13,425.90

11.95389
11.75425

154,354.20

138,076.70

16,277.50

11.78874

3,250,000.00
1,544,239.77
4,794,239.77
4,948,593.97

3,250,000.00
1,279,970.27
4,529,970.27
4,668,046.97

0.00
264,269.50
264,269.50
280,547.00

0
20.64653
5.833802
6.009944

141,997.51

LIABILITIES AND
SHAREHOLDERS EQUITY
Current Liabilities
Accrued expense payable
Accounts/ Notes payable and other
expenses payable

Total Liabilities
Shareholders Equity
Capital Stock
Retained Earnings
Total Stockholders Equity
TOTAL LIABILITIES AND
STOCKHOLDERS EQUITY

16

GRAND HOPE TRAVEL, INC.

Common Size Income Statement
For the years ended December 31, 2011 and 2012

Passage Income
Less: Direct Service Cost
Gross Profit
Less: Operating Expenses
Net Income
Less: Provision for Taxes
Net Income to Retained Earnings

2012

2011

6,134,814.75
4,079,652
2,055,162.94
1,677,645.09
377,517.85

5,849,745.33
3,890,080.64
1,959,664.69
1,627,252.46
332,412.23
99,723.67
232,688.56

113,258.36
264,259.49

17

Increase (decrease)
AMOUNT
PERCENT
285,069.42
189,571.17
95,498.25
50,392.63
45,105.62
13,534.69
31,570.93

4.873194
4.873194
4.873193
3.096792
13.56918
13.57219
13.56789

PROFITABILITY
The rational figures of year 2012 measures Grand Hope Travel, INC.s capacity to earn
sufficient return on sales, total assets and owners investment.

1. Net Profit Ratio or Profit Margin

(2012) =

Net Income to Retained Earnings of P264,269.50

___________________________________________

= P0.043: P1 or 4.31 %

Passage Income of P6,134, 814.75

2. Rate of Return to Total Assets (ROA)

(2012) =

Net Income to Retained Earnings of P264,269.50

____________________________________________

= 0.055: 1 or 5.50 %

Average Total Assets of P4,948,593.97 + P4,668,046.97

____________________________
2
= P4,808,320.47

3. Asset Turnover

(2012) =

Passage Income of P6,134, 814.75

____________________________________________
Average Total Assets of P4,948,593.97 + P4,668,046.97
____________________________
2
= P4,808,320.47

18

= 1.28 times or 128 %

LIQUIDITY
The rational figures of year 2012 pertains to Grand Hope Travel, INC.s ability to pay
any immediate and incoming cash disbursements.

1. Current Ratio

(2012) =

Current Assets of P3,763,685.27

_______________________________________

= 24.38: 1 or 243 %

Current Liabilities of P154,354.20

2. Quick Ratio

(2012) =

Quick Assets of P3,763,685.27

_______________________________________

= 24.38: 1 or 243 %

Current Liabilities of P154,354.20

3. Working Capital to Total Assets

(2012) =

Current Assets of P3,763,685.27

_______________________________________
Total Assets of 4,948,593.97

19

= 76.06 %

STABILITY
The rational figures of year 2012 estimates the overall debt status of Grand Hope Travel,
INC. in light of its assets base and earning power.

1. Debt to Equity Ratio

(2012) =

Total Liabilities of P154,354.20

____________________________________________

= 0.032:1 or 3.21%

Total Stockholders Equity of P4,794,239.77

2. Debt Ratio

(2012) =

Total Liabilities of P154,354.20

____________________________________________

= 0.031:1 or 3.12%

Total Assets of P4,948,593.97

3. Fixed Assets to Total Owners Equity

(2012) =

Total Noncurrent Assets P1,184,908.70

____________________________________________
Total Stockholders Equity of P4,794,239.77

20

= 0.2472:1 or 24.72%

OBSERVATION AND FINDINGS

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RECOMMENDATIONS

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