127

Financial Statements

TOTAL PROJECT COST

COST FOR ONE MONTH OF OPERATIONS
Kitchen and Bar Equipment 1,357,180.10
Other Café and Kitchen Equipment 12,251.45
Security and Emergency Equipment 1,572,042.07
Furnitures and Fixtures 828,385.00
Kitchen Tools and Supplies 428,056.06
Chinaware 489,036.00
Glassware 89,007.50
Café Tools and Supplies 35,032.10
Dining Tools 1,610.00
Food Cost 1,231,194.00
Office Supplies 19,342.55
Personnel Uniform 51,000.00
Salaries Expense 415,000.00
Rent Expense 360,000.00
Advertising Expense 218,056.00
Taxes and Licenses 65,015.00
TOTAL 7,172,207.83
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INITIAL CAPITAL REQUIREMENTS

NAME OF PARTNER FORM OF SHARE CAPITAL
Kenneth Sherwin Rivera Money 1,500,000.00
Bruce Tinaud Money 1,500,000.00
Glysdi Aquino Money 1,500,000.00
Jeniffer Pimentel Money 1,500,000.00
Jesse Vendiville Money 1,500,000.00
TOTAL 7,500,000.00
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Hybrid Travel Café

Projected Income Statement
For the year ended December 31,
2021 2022 2023 2024 2025
Net Sales 1,502,508.00 13,084,790.00 13,477,400.00 13,881,800.00 14,298,400.00
Less: Cost of Goods Sold 333,890.00 2,907,731.00 2,994,978.00 3,084,844.00 3,177,422.00
Gross Profit 1,168,618.00 10,177,059.00 10,482,422.00 10,796,956.00 11,120,978.00
Less: Operating Expenses
Depreciation Expenses 398,320.00 952,519.00 952,519.00 952,519.00 952,519.00
Salaries 166,400.00 4,975,800.00 4,975,800.00 4,975,800.00 4,975,800.00
Uniform Expense 51,000.00 - - - -
Taxes and Licenses 65,015.00 - - - -
Advertising Expense 3,634.00 43,611.00 43,611.00 43,611.00 43,611.00
Supplies Expense 8,216.00 9,038.00 9,941.00 10,935.00 12,029.00
Rent Expense 360,000.00 360,000.00 360,000.00 360,000.00 360,000.00
Utilities Expense 20,000.00 21,000.00 22,050.00 23,152.00 24,310.00
Net Operating Profit 96,033.00 3,815,091.00 4,118,501.00 4,430,939.00 4,752,709.00
1,425,812.70
Less: Income Tax 28,809.90 1,144,527.30 1,235,550.30 1,329,281.70
Net Income 67,223.10 2,670,563.70 2,882,950.70 3,101,657.30 3,326,896.30
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Hybrid Travel Café

Projected Cash Flow Statement
For the year ended December 31,
2021 2022 2023 2024 2025
Cash Flow From Operating Activities

Net Income 67,223.10 2,670,563.70 2,882,950.70 3,101,657.30 3,326,896.30

Add/(Deduct):
(43,611.00) (43,611.00) (43,611.00)
Increase in Supplies (3,634.00) (43,611.00)

Decrease in Accounts Payable (278,011.55) (8,590.56) (8,848.27) (9,113.72) (9,387.13)

Increase in Utilities Payable 20,000.00 1,000.00 2,050.00 3,152.00 4,310.00

Decrease in Income Tax
Payable 14,404.95 557,858.70 45,511.50 46,865.70 48,265.50
398,320.00 952,519.00 952,519.00 952,519.00
Depreciation Expense 952,519.00
Net Cash Flow From Operating
218,302.50 4,129,739.84 3,830,571.93 4,051,469.28 4,278,992.67
Activities

Cash Flow From Financing Activities

Initial Contribution 7,500,000.00 - - - -

Withdrawals (13,444.60) (534,112.75) (576,590.15) (620,311.45) (665,379.25)

Net Cash Flow from Financing
Activities 7,486,555.40 (534,112.75) (576,590.15) (620,311.45) (665,379.25)

Net Cash Flow 7,704,857.90 3,595,627.09 3,253,981.78 3,431,157.83 3,613,613.42

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Add: Beginning Balance - 7,704,857.90 11,300,484.99 14,554,466.77 17,985,624.60

Cash Balance 7,704,857.90 11,300,484.99 14,554,466.77 17,985,624.60 21,599,238.02

Hybrid Travel Café

Projected Partners' Equity Statement
For the year ended December 31,
2021 2022 2023 2024 2025
Rivera Capital, beginning 1,500,000.00 1,510,755.70 1,938,045.89 2,399,318.00 3,019,649.46
Add: Share in Net Income 13,444.62 534,112.74 576,590.14 620,331.46 665,379.26
Total 1,513,444.62 2,044,868.44 2,514,636.03 2,399,318.00 3,685,028.72

Less: Withdrawals (2,688.92) (106,822.55) (115,318.03) (124,066.29) (133,075.85)

Rivera Capital, end 1,510,755.70 1,938,045.89 2,399,318.00 3,019,649.46 3,551,952.87

Tinaud Capital, beginning 1,500,000.00 1,510,755.70 1,938,045.89 2,399,318.00 3,019,649.46

Add: Share in Net Income 13,444.62 534,112.74 576,590.14 620,331.46 665,379.26
Total 1,513,444.62 2,044,868.44 2,514,636.03 2,399,318.00 3,685,028.72

Less: Withdrawals (2,688.92) (106,822.55) (115,318.03) (124,066.29) (133,075.85)

Tinaud Capital, end 1,510,755.70 1,938,045.89 2,399,318.00 3,019,649.46 3,551,952.87

Aquino Capital, beginning 1,500,000.00 1,510,755.70 1,938,045.89 2,399,318.00 3,019,649.46

Add: Share in Net Income 13,444.62 534,112.74 576,590.14 620,331.46 665,379.26
Total 1,513,444.62 2,044,868.44 2,514,636.03 2,399,318.00 3,685,028.72

Less: Withdrawals (2,688.92) (106,822.55) (115,318.03) (124,066.29) (133,075.85)

Aquino Capital, end 1,510,755.70 1,938,045.89 2,399,318.00 3,019,649.46 3,551,952.87
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Pimentel Capital, beginning 1,500,000.00 1,510,755.70 1,938,045.89 2,399,318.00 3,019,649.46

Add: Share in Net Income 13,444.62 534,112.74 576,590.14 620,331.46 665,379.26
Total 1,513,444.62 2,044,868.44 2,514,636.03 2,399,318.00 3,685,028.72

Less: Withdrawals (2,688.92) (106,822.55) (115,318.03) (124,066.29) (133,075.85)

Pimentel Capital, end 1,510,755.70 1,938,045.89 2,399,318.00 3,019,649.46 3,551,952.87

Vendeville Capital, beginning 1,500,000.00 1,510,755.70 1,938,045.89 2,399,318.00 3,019,649.46

Add: Share in Net Income 13,444.62 534,112.74 576,590.14 620,331.46 665,379.26
Total 1,513,444.62 2,044,868.44 2,514,636.03 2,399,318.00 3,685,028.72

Less: Withdrawals (2,688.92) (106,822.55) (115,318.03) (124,066.29) (133,075.85)

Vendeville Capital, end 1,510,755.70 1,938,045.89 2,399,318.00 3,019,649.46 3,551,952.87