10" 14" 18" Total Annual Cost

DM 82 152 293 3,675,615.00

DL 33 50 66 996,965.00
FOH 20 20 20 380,400.00 23.61
135 222 379 5,052,980.00 5.81
4.84
34.26

373 per day minimum wage

Salary 8,500.00
 807,770.77 34213.08
198,720.00 34203.1
165,640.74 34223.29
1,172,131.50 34212.83
Year Projected Demand Projected Supply Market Gap
2020 641 288 353
2021 650 293 357
2022 660 297 363
2023 670 301 369
2024 680 306 374

No. of
Year Market Gap Market Share
Children
2020 353 60% 212
2021 357 60% 214
2022 363 60% 218
2023 369 60% 221
2024 374 60% 224
Total 1,816 1,090
 2020 2021 2022

Projected number of Children 212 214 218

x Number of Sessions 36 36 36
Total Number of Sessions 7,625 7,711 7,841
x Tutorial fee 350.00 368.00 386.00
Total Service Revenue 2,668,680.00 2,837,721.60 3,026,548.80

Daily Weekly Monthly

2020
2021
2022
2023
2024
 2023 2024

221 224
36 36
7,970 8,078
405.00 425.00
3,228,012.00 3,433,320.00

Annually
 Daily Weekly
10" 14" 18" 10" 14" 18"
2020 15 20 25 90 120 150
2021 17 22 28 99 132 165
2022 19 25 31 109 146 182
2023 21 28 35 120 161 201
2024 24 31 39 132 178 222

2020 2021
Pizza Sizes 10" 14" 18" 10" 14" 18"
Pizza 4,755 6,340 7,925 5,231 6,974 8,718
Price per pizza 199.00 299.00 575.00 209.00 314.00 604.00
Total Revenue 946,245.00 1,895,660.00 4,556,875.00 1,093,279.00 2,189,836.00 5,265,672.00
7,398,780.00 8,548,787.00
7398780
8548787
9887510
11427324
13215559
 Monthly Annually
10" 14" 18" 10" 14" 18"
405 540 675 4,755 6,340 7,925
446 594 743 5,231 6,974 8,718
491 654 818 5,755 7,672 9,590
541 720 900 6,331 8,440 10,549
596 792 990 6,965 9,284 11,604

2022 2023 2024

10" 14" 18" 10" 14" 18" 10"
5,755 7,672 9,590 6,331 8,440 10,549 6,965
220.00 330.00 635.00 231.00 347.00 667.00 243.00
1,266,100.00 2,531,760.00 6,089,650.00 1,462,461.00 2,928,680.00 7,036,183.00 1,692,495.00
9,887,510.00 11,427,324.00 13,215,559.00
 2024
14" 18"
9,284 11,604
365.00 701.00
3,388,660.00 8,134,404.00
 Monthly
SSS
Position Status Gross Pay
ER EE
General Manager S 20,000.00 1,630.00 800.00
Tutors S 75,000.00 6,150.00 3,000.00
Staff S 10,000.00 810.00 400.00
Total 105,000.00 8,590.00 4,200.00

Annually
SSS
Position Status Gross Pay
ER EE
General Manager S 240,000.00 19,560.00 9,600.00
Tutors S 900,000.00 73,800.00 36,000.00
Staff S 120,000.00 9,720.00 4,800.00
Total 1,260,000.00 103,080.00 50,400.00

Monthly
SSS PHILHEALTH
Position Status Gross Pay
EE EE
General Manager S 20,000.00 600.00 206.25
Tutors S 75,000.00 480.00 165.00
Staff S 10,000.00 400.00 137.50
Total 105,000.00 1,480.00 508.75

Annually
SSS PHILHEALTH
Position Status Gross Pay
EE EE
General Manager S 240,000.00 9,600.00 3,300.00
Tutors S 900,000.00 36,000.00 12,375.00
Staff S 120,000.00 4,800.00 1,650.00
Total 1,260,000.00 17,760.00 6,105.00

Position 2020 2021 2022

General Manager 1 225,900.00 225,900.00 225,900.00
Tutors 5 845,625.00 845,625.00 845,625.00
Staff 1 112,350.00 112,350.00 112,350.00
Total 1,232,535.00 1,232,535.00 1,232,535.00

2020 2021 2022

Net Cash Pay 1,232,535.00 1,232,535.00 1,232,535.00
SSS Contribution 103,080.00 103,080.00 103,080.00
PhilHealth Contribution 6,105.00 6,105.00 6,105.00
Pag-IBIG Contribution 3,600.00 3,600.00 3,600.00
Withholding Tax - - -
Salary Expense 1,345,320.00 1,345,320.00 1,345,320.00
13th Month Pay 105,000.00 105,000.00 105,000.00
Total Salary Expense 1,450,320.00 1,450,320.00 1,450,320.00

2020 2021 2022

Salaries Payable, beg - - -
Net Cash Pay 1,337,535.00 1,337,535.00 1,337,535.00
Cash Paid 1,337,535.00 1,337,535.00 1,337,535.00
Salaries Payable, end - - -

2020 2021 2022

SSS Contribution Payable, beg - 8,590.00 8,590.00
Increase in Contribution Payable 103,080.00 103,080.00 103,080.00
Cash Paid 94,490.00 103,080.00 103,080.00
SSS Contribution Payable, end 8,590.00 8,590.00 8,590.00

2020 2021 2022

PhilHealth Contribution Payable, beg - 508.75 508.75
Increase in Contribution Payable 6,105.00 6,105.00 6,105.00
Cash Paid 5,596.25 6,105.00 6,105.00
PhilHealth Contribution Payable, end 508.75 508.75 508.75

2020 2021 2022

Pag-IBIG Contribution Payable, beg - 300.00 300.00
Increase in Contribution Payable 3,600.00 3,600.00 3,600.00
Cash Paid 3,300.00 3,600.00 3,600.00
Pag-IBIG Contribution Payable, end 300.00 300.00 300.00
SSS PHILHEALTH PAG-IBIG
TOTAL ER EE TOTAL ER EE
2,430.00 275.00 275.00 550.00 100.00 100.00
9,150.00 1,031.25 1,031.25 2,062.50 500.00 500.00
1,210.00 137.50 137.50 275.00 100.00 100.00
12,790.00 1,443.75 1,443.75 2,887.50 700.00 700.00

SSS PHILHEALTH PAG-IBIG

TOTAL ER EE TOTAL ER EE
29,160.00 3,300.00 3,300.00 6,600.00 1,200.00 1,200.00
109,800.00 12,375.00 12,375.00 24,750.00 6,000.00 6,000.00
14,520.00 1,650.00 1,650.00 3,300.00 1,200.00 1,200.00
153,480.00 17,325.00 17,325.00 34,650.00 8,400.00 8,400.00

PAG-IBIG TOTAL
W/TAX
EE DEDUCTIONS NET PAYABLE
100.00 - 906.25 19,093.75
100.00 - 745.00 74,255.00
100.00 - 637.50 9,362.50
300.00 - 2,288.75 102,711.25

PAG-IBIG TOTAL SSS

W/TAX
EE DEDUCTIONS NET PAYABLE ER
1,200.00 - 14,100.00 225,900.00 19,560.00
6,000.00 - 54,375.00 845,625.00 73,800.00
1,200.00 - 7,650.00 112,350.00 9,720.00
3,600.00 - 27,465.00 1,232,535.00 103,080.00

2023 2024
225,900.00 225,900.00
845,625.00 845,625.00
112,350.00 112,350.00
1,232,535.00 1,232,535.00

2023 2024
1,232,535.00 1,232,535.00
103,080.00 103,080.00
6,105.00 6,105.00
3,600.00 3,600.00
 - -
1,345,320.00 1,345,320.00
105,000.00 105,000.00
1,450,320.00 1,450,320.00

2023 2024
- -
1,337,535.00 1,337,535.00
1,337,535.00 1,337,535.00
- -

2023 2024
8,590.00 8,590.00
103,080.00 103,080.00
103,080.00 103,080.00
8,590.00 8,590.00

2023 2024
508.75 508.75
6,105.00 6,105.00
6,105.00 6,105.00
508.75 508.75

2023 2024
300.00 300.00
3,600.00 3,600.00
3,600.00 3,600.00
300.00 300.00
AG-IBIG
W/TAX
TOTAL
200.00 -
1,000.00 -
200.00 -
1,400.00 -

AG-IBIG
W/TAX
TOTAL
2,400.00 -
12,000.00 -
2,400.00
16,800.00 -
 Monthly
SSS
Position Status Gross Pay
ER EE
Manager S 10,000.00 810.00 400.00
Cashier S 8,500.00 810.00 400.00
Staff S 8,500.00 810.00 400.00
Delivery Man S 8,500.00 810.00 400.00
Total 35,500.00 3,240.00 1,600.00

Annually
SSS
Position Status Gross Pay
ER EE
Manager S 120,000.00 9,720.00 4,800.00
Cashier S 102,000.00 9,720.00 4,800.00
Staff S 102,000.00 9,720.00 4,800.00
Delivery Man S 102,000.00 9,720.00 4,800.00
Total 426,000.00 38,880.00 19,200.00

Monthly
SSS PHILHEALTH
Position Status Gross Pay
EE EE
Manager S 10,000.00 400.00 137.50
Cashier S 8,500.00 400.00 137.50
Staff S 8,500.00 400.00 137.50
Delivery Man S 8,500.00 400.00 137.50
Total 27,000.00 1,600.00 412.50

Annually
SSS PHILHEALTH
Position Status Gross Pay
EE EE
Manager S 120,000.00 4,800.00 1,650.00
Cashier S 102,000.00 4,800.00 1,650.00
Staff S 102,000.00 4,800.00 1,650.00
Delivery Man S 102,000.00 4,800.00 1,650.00
Total 324,000.00 19,200.00 4,950.00

Position 2020 2021 2022

Manager 1 112,350.00 112,350.00 112,350.00
Cashier 1 94,350.00 94,350.00 94,350.00
Staff 1 94,350.00 94,350.00 94,350.00
Delivery Man 1 94,350.00 94,350.00 94,350.00
Total 296,250.00 296,250.00 296,250.00
 2020 2021 2022
Net Cash Pay 296,250.00 296,250.00 296,250.00
SSS Contribution 38,880.00 38,880.00 38,880.00
PhilHealth Contribution 4,950.00 4,950.00 4,950.00
Pag-IBIG Contribution 3,600.00 3,600.00 3,600.00
Withholding Tax - - -
Salary Expense 343,680.00 343,680.00 343,680.00
13th Month Pay 27,000.00 27,000.00 27,000.00
Total Salary Expense 370,680.00 370,680.00 370,680.00

2020 2021 2022

Salaries Payable, beg - - -
Net Cash Pay 323,250.00 323,250.00 323,250.00
Cash Paid 323,250.00 323,250.00 323,250.00
Salaries Payable, end - - -

2020 2021 2022

SSS Contribution Payable, beg - 3,240.00 3,240.00
Increase in Contribution Payable 38,880.00 38,880.00 38,880.00
Cash Paid 35,640.00 38,880.00 38,880.00
SSS Contribution Payable, end 3,240.00 3,240.00 3,240.00

2020 2021 2022

PhilHealth Contribution Payable, beg - 412.50 412.50
Increase in Contribution Payable 4,950.00 4,950.00 4,950.00
Cash Paid 4,537.50 4,950.00 4,950.00
PhilHealth Contribution Payable, end 412.50 412.50 412.50

2020 2021 2022

Pag-IBIG Contribution Payable, beg - 300.00 300.00
Increase in Contribution Payable 3,600.00 3,600.00 3,600.00
Cash Paid 3,300.00 3,600.00 3,600.00
Pag-IBIG Contribution Payable, end 300.00 300.00 300.00
SSS PHILHEALTH PAG-IBIG
TOTAL ER EE TOTAL ER EE
1,210.00 137.50 137.50 275.00 100.00 100.00
1,210.00 137.50 137.50 275.00 100.00 100.00
1,210.00 137.50 137.50 275.00 100.00 100.00
1,210.00 137.50 137.50 275.00 100.00 100.00
4,840.00 550.00 550.00 1,100.00 400.00 400.00

SSS PHILHEALTH PAG-IBIG

TOTAL ER EE TOTAL ER EE
14,520.00 1,650.00 1,650.00 3,300.00 1,200.00 1,200.00
14,520.00 1,650.00 1,650.00 3,300.00 1,200.00 1,200.00
14,520.00 1,650.00 1,650.00 3,300.00 1,200.00 1,200.00
14,520.00 1,650.00 1,650.00 3,300.00 1,200.00 1,200.00
58,080.00 6,600.00 6,600.00 13,200.00 4,800.00 4,800.00

PAG-IBIG TOTAL
W/TAX
EE DEDUCTIONS NET PAYABLE
100.00 - 637.50 9,362.50
100.00 - 637.50 7,862.50
100.00 - 637.50 7,862.50
100.00 - 637.50 7,862.50
300.00 - 2,312.50 24,687.50

PAG-IBIG TOTAL SSS

W/TAX
EE DEDUCTIONS NET PAYABLE ER
1,200.00 - 7,650.00 112,350.00 9,720.00
1,200.00 - 7,650.00 94,350.00 9,720.00
1,200.00 - 7,650.00 94,350.00 9,720.00
1,200.00 - 7,650.00 94,350.00 9,720.00
3,600.00 - 27,750.00 296,250.00 38,880.00

2023 2024
112,350.00 112,350.00
94,350.00 94,350.00
94,350.00 94,350.00
94,350.00 94,350.00
296,250.00 296,250.00
 2023 2024
296,250.00 296,250.00
38,880.00 38,880.00
4,950.00 4,950.00
3,600.00 3,600.00
- -
343,680.00 343,680.00
27,000.00 27,000.00
370,680.00 370,680.00

2023 2024
- -
323,250.00 323,250.00
323,250.00 323,250.00
- -

2023 2024
3,240.00 3,240.00
38,880.00 38,880.00
38,880.00 38,880.00
3,240.00 3,240.00

2023 2024
412.50 412.50
4,950.00 4,950.00
4,950.00 4,950.00
412.50 412.50

2023 2024
300.00 300.00
3,600.00 3,600.00
3,600.00 3,600.00
300.00 300.00
AG-IBIG
W/TAX
TOTAL
200.00 -
200.00 -
200.00 -
200.00 -
800.00 -

AG-IBIG
W/TAX
TOTAL
2,400.00 -
2,400.00 -
2,400.00 -
2,400.00 -
9,600.00 -
 DEPRECIATION NET BOOK VALUE

Estimated
Description Acquisition Cost Salvage Value 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
Life
Laptop 35,000.00 5 1,750.00 6,650.00 6,650.00 6,650.00 6,650.00 6,650.00 28,350.00 21,700.00 15,050.00 8,400.00 1,750.00
Desktop Computer 20,990.00 5 1,049.50 3,988.10 3,988.10 3,988.10 3,988.10 3,988.10 17,001.90 13,013.80 9,025.70 5,037.60 1,049.50
Desktop Computer 20,990.00 5 1,049.50 3,988.10 3,988.10 3,988.10 3,988.10 3,988.10 17,001.90 13,013.80 9,025.70 5,037.60 1,049.50
Desktop Computer 20,990.00 5 1,049.50 3,988.10 3,988.10 3,988.10 3,988.10 3,988.10 17,001.90 13,013.80 9,025.70 5,037.60 1,049.50
Desktop Computer 20,990.00 5 1,049.50 3,988.10 3,988.10 3,988.10 3,988.10 3,988.10 17,001.90 13,013.80 9,025.70 5,037.60 1,049.50
Projector 22,990.00 5 1,149.50 4,368.10 4,368.10 4,368.10 4,368.10 4,368.10 18,621.90 14,253.80 9,885.70 5,517.60 1,149.50
Television 15,000.00 5 750.00 2,850.00 2,850.00 2,850.00 2,850.00 2,850.00 12,150.00 9,300.00 6,450.00 3,600.00 750.00
Airconditioner 23,500.00 5 1,175.00 4,465.00 4,465.00 4,465.00 4,465.00 4,465.00 19,035.00 14,570.00 10,105.00 5,640.00 1,175.00
Airconditioner 23,500.00 5 1,175.00 4,465.00 4,465.00 4,465.00 4,465.00 4,465.00 19,035.00 14,570.00 10,105.00 5,640.00 1,175.00
Airconditioner 23,500.00 5 1,175.00 4,465.00 4,465.00 4,465.00 4,465.00 4,465.00 19,035.00 14,570.00 10,105.00 5,640.00 1,175.00
Total Equipment 227,450.00 11,372.50 43,215.50 43,215.50 43,215.50 43,215.50 43,215.50 184,234.50 141,019.00 97,803.50 54,588.00 11,372.50

Sofa 15,000.00 5 750.00 2,850.00 2,850.00 2,850.00 2,850.00 2,850.00 12,150.00 9,300.00 6,450.00 3,600.00 750.00
Sofa 15,000.00 5 750.00 2,850.00 2,850.00 2,850.00 2,850.00 2,850.00 12,150.00 9,300.00 6,450.00 3,600.00 750.00
Total Furniture and Fixtures 30,000.00 1,500.00 5,700.00 5,700.00 5,700.00 5,700.00 5,700.00 24,300.00 18,600.00 12,900.00 7,200.00 1,500.00

GRAND TOTAL 257,450.00 12,872.50 48,915.50 48,915.50 48,915.50 48,915.50 48,915.50 208,534.50 159,619.00 110,703.50 61,788.00 12,872.50
 DEPRECIATION NET BOOK VALUE

Estimated
Description Acquisition Cost Salvage Value 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
Life
Laptop 35,000.00 5 1,750.00 6,650.00 6,650.00 6,650.00 6,650.00 6,650.00 28,350.00 21,700.00 15,050.00 8,400.00 1,750.00
Desktop Computer 20,990.00 5 1,049.50 3,988.10 3,988.10 3,988.10 3,988.10 3,988.10 17,001.90 13,013.80 9,025.70 5,037.60 1,049.50
Desktop Computer 20,990.00 5 1,049.50 3,988.10 3,988.10 3,988.10 3,988.10 3,988.10 17,001.90 13,013.80 9,025.70 5,037.60 1,049.50
Desktop Computer 20,990.00 5 1,049.50 3,988.10 3,988.10 3,988.10 3,988.10 3,988.10 17,001.90 13,013.80 9,025.70 5,037.60 1,049.50
Desktop Computer 20,990.00 5 1,049.50 3,988.10 3,988.10 3,988.10 3,988.10 3,988.10 17,001.90 13,013.80 9,025.70 5,037.60 1,049.50
Projector 22,990.00 5 1,149.50 4,368.10 4,368.10 4,368.10 4,368.10 4,368.10 18,621.90 14,253.80 9,885.70 5,517.60 1,149.50
Television 15,000.00 5 750.00 2,850.00 2,850.00 2,850.00 2,850.00 2,850.00 12,150.00 9,300.00 6,450.00 3,600.00 750.00
Airconditioner 23,500.00 5 1,175.00 4,465.00 4,465.00 4,465.00 4,465.00 4,465.00 19,035.00 14,570.00 10,105.00 5,640.00 1,175.00
Airconditioner 23,500.00 5 1,175.00 4,465.00 4,465.00 4,465.00 4,465.00 4,465.00 19,035.00 14,570.00 10,105.00 5,640.00 1,175.00
Airconditioner 23,500.00 5 1,175.00 4,465.00 4,465.00 4,465.00 4,465.00 4,465.00 19,035.00 14,570.00 10,105.00 5,640.00 1,175.00
Total Equipment 227,450.00 11,372.50 43,215.50 43,215.50 43,215.50 43,215.50 43,215.50 184,234.50 141,019.00 97,803.50 54,588.00 11,372.50

Sofa 15,000.00 5 750.00 2,850.00 2,850.00 2,850.00 2,850.00 2,850.00 12,150.00 9,300.00 6,450.00 3,600.00 750.00
Sofa 15,000.00 5 750.00 2,850.00 2,850.00 2,850.00 2,850.00 2,850.00 12,150.00 9,300.00 6,450.00 3,600.00 750.00
Total Furniture and Fixtures 30,000.00 1,500.00 5,700.00 5,700.00 5,700.00 5,700.00 5,700.00 24,300.00 18,600.00 12,900.00 7,200.00 1,500.00

GRAND TOTAL 257,450.00 12,872.50 48,915.50 48,915.50 48,915.50 48,915.50 48,915.50 208,534.50 159,619.00 110,703.50 61,788.00 12,872.50
 Acquisition Salvage Depreciable
YEAR 1 Estimated Life
Cost Value Value
Years Months
Printer with Scanner 7,585.00 5 60 379.25 7,205.75
Printer with Scanner 7,585.00 5 60 379.25 7,205.75
Printer with Scanner 7,585.00 5 60 379.25 7,205.75
Printer with Scanner 7,585.00 5 60 379.25 7,205.75
Office Table 7,500.00 5 60 375.00 7,125.00
Office Table 7,500.00 5 60 375.00 7,125.00
Office Chair 2,399.00 5 60 119.95 2,279.05
Office Chair 2,399.00 5 60 119.95 2,279.05
Set of Tables and Chairs 2,100.00 5 60 105.00 1,995.00
Set of Tables and Chairs 2,100.00 5 60 105.00 1,995.00
Set of Tables and Chairs 2,100.00 5 60 105.00 1,995.00
Set of Tables and Chairs 2,100.00 5 60 105.00 1,995.00
Set of Tables and Chairs 2,100.00 5 60 105.00 1,995.00
Set of Tables and Chairs 2,100.00 5 60 105.00 1,995.00
Set of Tables and Chairs 2,100.00 5 60 105.00 1,995.00
Set of Tables and Chairs 2,100.00 5 60 105.00 1,995.00
Shelves 5,000.00 5 60 250.00 4,750.00
Shelves 5,000.00 5 60 250.00 4,750.00
Filing Cabinets 2,200.00 5 60 110.00 2,090.00
Filing Cabinets 2,200.00 5 60 110.00 2,090.00
Filing Cabinets 2,200.00 5 60 110.00 2,090.00
83,538.00 4,176.90 79,361.10
Depreciation Accumulated
Expense Depreciation

Months Amount
120.10 12 1,441.20
120.10 12 1,441.20
120.10 12 1,441.20
120.10 12 1,441.20
118.75 12 1,425.00
118.75 12 1,425.00
37.98 12 455.76
37.98 12 455.76
33.25 12 399.00
33.25 12 399.00
33.25 12 399.00
33.25 12 399.00
33.25 12 399.00
33.25 12 399.00
33.25 12 399.00
33.25 12 399.00
79.17 12 950.04
79.17 12 950.04
34.83 12 417.96
34.83 12 417.96
34.83 12 417.96
1,322.69 15,872.28
 2020 2021
Monthly 10,000.00 10,500.00
Rent Payable, beg 10,000.00
Rent Expense 120,000.00 126,000.00
Rent Paid 110,000.00 125,500.00
Rent Payable, end 10,000.00 10,500.00

2020 2021
Office Supplies, beg - 10,838.00
Purchases 43,352.00 26,011.20
Office Supplies, end 10,838.00 9,212.30
Office Supplies Expense 32,514.00 27,636.90

Electricity 18,000.00 18,900.00

Water 6,000.00 6,300.00
Telephone 3,600.00 3,600.00
LPG 9,360.00 9,828.00
36,960.00 38,628.00

Utilities Payable, beg - -

Total Utilities Expense 36,960.00 38,628.00
Total Utilities Paid 36,960.00 38,628.00
Utilities Payable, end - -

Free Sessions
Flyers 500.00 500.00
Tarpaulin 520.00 520.00
1,020.00 1,020.00

Advertising Payable, beg - -

Advertising Expense 1,020.00 1,020.00
Cash Paid 1,020.00 1,020.00
Advertising Payable, end - -

Permit and Licences Payable, beg -

Permit and Licences Fee 8,900.00 7,500.00
Cash Paid 8,900.00 7,500.00
Permit and Licences Payable, end - -

Miscellaneous Payable, beg. - -

Total Miscellaneous Expense 2,739.75 2,876.74
Cash Paid 2,739.75 2,876.74
Miscellaneous Payable, end - -
Training Payable, beg. - -
Total Training Expenses 7,500.00 7,500.00
Cash Paid 7,500.00 7,500.00
Training Payable, end - -

Income Taxes Payable, beg. - 317,815.80

Income Tax Expense 1,271,263.19 1,868,994.36
Cash Paid 953,447.39 1,719,561.57
Income Tax Payable, end 317,815.80 467,248.59
2022 2023 2024
11,025.00 11,576.25 12,155.06
10,500.00 11,025.00 11,576.25
132,300.00 138,915.00 145,860.75
131,775.00 138,363.75 145,281.94
11,025.00 11,576.25 12,155.06

2022 2023 2024

9,212.30 6,855.04 5,615.44
18,207.84 15,606.72 13,005.60
6,855.04 5,615.44 4,655.26
20,565.11 16,846.32 13,965.78

19,845.00 20,837.25 21,879.11

6,615.00 6,945.75 7,293.04
3,600.00 3,600.00 3,600.00
10,319.40 10,835.37 11,377.14
40,379.40 42,218.37 44,149.29

- - -
40,379.40 42,218.37 44,149.29
40,379.40 42,218.37 44,149.29
- - -

500.00 500.00 500.00

520.00 520.00 520.00
1,020.00 1,020.00 1,020.00

- - -
1,020.00 1,020.00 1,020.00
1,020.00 1,020.00 1,020.00
- - -

7,500.00 7,500.00 7,500.00

7,500.00 7,500.00 7,500.00
- - -

- - -
3,020.57 3,171.60 3,330.18
3,020.57 3,171.60 3,330.18
- - -
 - - -
7,500.00 7,500.00 7,500.00
7,500.00 7,500.00 7,500.00
- - -

467,248.59 566,747.82 681,005.64

2,266,991.30 2,724,022.56 3,255,027.21
2,167,492.06 2,609,764.74 3,122,276.05
566,747.82 681,005.64 813,756.80
 2020 2021
Monthly 25,000.00 26,250.00
Rent Payable, beg 25,000.00
Rent Expense 300,000.00 315,000.00
Rent Paid 275,000.00 313,750.00
Rent Payable, end 25,000.00 26,250.00

2020 2021
Office Supplies, beg - 10,838.00
Purchases 43,352.00 26,011.20
Office Supplies, end 10,838.00 9,212.30
Office Supplies Expense 32,514.00 27,636.90

Electricity 54,000.00 56,700.00

Water 7,800.00 8,190.00
Internet with Telephone 24,000.00 24,000.00
85,800.00 88,890.00

Utilities Payable, beg - -

Total Utilities Expense 85,800.00 88,890.00
Total Utilities Paid 85,800.00 88,890.00
Utilities Payable, end - -

Free Sessions 10,000.00

Flyers 1,500.00 1,500.00
Tarpaulin 2,000.00 2,000.00
13,500.00 3,500.00

Advertising Payable, beg - -

Advertising Expense 13,500.00 3,500.00
Cash Paid 13,500.00 3,500.00
Advertising Payable, end - -

Permit and Licences Payable, beg -

Permit and Licences Fee 8,900.00 7,500.00
Cash Paid 8,900.00 7,500.00
Permit and Licences Payable, end - -

Miscellaneous Payable, beg. - -

Total Miscellaneous Expense 2,739.75 2,876.74
Cash Paid 2,739.75 2,876.74
Miscellaneous Payable, end - -

Training Payable, beg. - -

Total Training Expenses 7,500.00 7,500.00
Cash Paid 7,500.00 7,500.00
Training Payable, end - -

Income Taxes Payable, beg. - 317,815.80

Income Tax Expense 1,271,263.19 1,868,994.36
Cash Paid 953,447.39 1,719,561.57
Income Tax Payable, end 317,815.80 467,248.59
2022 2023 2024
27,562.50 28,940.63 30,387.66
26,250.00 27,562.50 28,940.63
330,750.00 347,287.50 364,651.88
329,437.50 345,909.38 363,204.84
27,562.50 28,940.63 30,387.66

2022 2023 2024

9,212.30 6,855.04 5,615.44
18,207.84 15,606.72 13,005.60
6,855.04 5,615.44 4,655.26
20,565.11 16,846.32 13,965.78

59,535.00 62,511.75 65,637.34

8,599.50 9,029.48 9,480.95
24,000.00 24,000.00 24,000.00
92,134.50 95,541.23 99,118.29

- - -
92,134.50 95,541.23 99,118.29
92,134.50 95,541.23 99,118.29
- - -

1,500.00 1,500.00 1,500.00

2,000.00 2,000.00 2,000.00
3,500.00 3,500.00 3,500.00

- - -
3,500.00 3,500.00 3,500.00
3,500.00 3,500.00 3,500.00
- - -

7,500.00 7,500.00 7,500.00

7,500.00 7,500.00 7,500.00
- - -

- - -
3,020.57 3,171.60 3,330.18
3,020.57 3,171.60 3,330.18
- - -

- - -
 7,500.00 7,500.00 7,500.00
7,500.00 7,500.00 7,500.00
- - -

467,248.59 566,747.82 681,005.64

2,266,991.30 2,724,022.56 3,255,027.21
2,167,492.06 2,609,764.74 3,122,276.05
566,747.82 681,005.64 813,756.80
 SHINE BRIGHT TUTORIAL CENTER
Projected Statement of Financial Performance
For Years Ended 2020 - 2024

2020 2021
Service Revenue 7,398,780.00 8,548,787.00
Total Income 7,398,780.00 8,548,787.00
Operating Expenses:
Salary Expense 1,450,320.00 1,450,320.00
Training Expenses 7,500.00 7,500.00
Rent Expense 300,000.00 315,000.00
Depreciation Expense 48,915.50 48,915.50
Office Supplies Expense 32,514.00 27,636.90
Utilities Expense 85,800.00 88,890.00
Advertising Expense 13,500.00 3,500.00
Permit and Licenses 8,900.00 7,500.00
Miscellaneous Expense 2,739.75 2,876.74
Semi-expendable 83,538.00 -
Total Expenses 2,033,727.25 1,952,139.14
Net Income 5,365,052.75 6,596,647.86
Income Tax Expense 1,271,263.19 1,868,994.36
Net Income after Taxes 4,093,789.56 4,727,653.50

4,965,052.75 5,796,647.86
250,000.00 800,000.00
400,000.00

591,902.40 683,902.96
AL CENTER
cial Performance
0 - 2024

2022 2023 2024

9,887,510.00 11,427,324.00 13,215,559.00
9,887,510.00 11,427,324.00 13,215,559.00

1,450,320.00 1,450,320.00 1,450,320.00

7,500.00 7,500.00 7,500.00
330,750.00 347,287.50 364,651.88
48,915.50 48,915.50 48,915.50
20,565.11 16,846.32 13,965.78
92,134.50 95,541.23 99,118.29
3,500.00 3,500.00 3,500.00
7,500.00 7,500.00 7,500.00
3,020.57 3,171.60 3,330.18
- - -
1,964,205.68 1,980,582.14 1,998,801.62
7,923,304.32 9,446,741.86 11,216,757.38
2,266,991.30 2,724,022.56 3,255,027.21
5,656,313.02 6,722,719.30 7,961,730.16

7,123,304.32 8,646,741.86 10,416,757.38

800,000.00 800,000.00 800,000.00

791,000.80 914,185.92 1,057,244.72

BIR Income Tax Rates – From Year 2018 to 2022
Bracket Taxable Income per Year
1 P250,000 and below
2 Above P250,000 to P400,000
3 Above P400,000 to P800,000
4 Above P800,000 to P2,000,000
5 Above P2,000,000 to P8,000,000
6 Above P8,000,000

TRAIN Income Tax Table (From Year 2023 onwards)

Bracket Taxable Income per Year

1 P250,000 and below
2 Above P250,000 to P400,000
3 Above P400,000 to P800,000
4 Above P800,000 to P2,000,000
5 Above P2,000,000 to P8,000,000
6 Above P8,000,000

Eight Percent (8%) Income Tax Rate Option for Individuals

“1. In general, income of self-employed individuals (includes Single Proprietors, Professionals and Mixed Income Ea

2. Self-employed individuals earning income purely from self-employment/business and/or practice of profession wh

a. Graduated income tax rates as provided under Section 24 (A)(2)(a) of the NIRC, as amended; or
b. Eight percent (8%) tax on gross sales or receipts and other non-operating income in excess of Two Hundred F
r 2018 to 2022
Income Tax Rate
0%
20% of the excess over P250,000
P30,000 + 25% of the excess over P400,000
P130,000 + 30% of the excess over P800,000
P490,000 + 32% of the excess over P2,000,000
P2,410,000 + 35% of the excess over P8,000,000

ar 2023 onwards)

Income Tax Rate

0%
15% of the excess over P250,000
P22,500 + 20% of the excess over P400,000
P102,500 + 25% of the excess over P800,000
P402,500 + 30% of the excess over P2,000,000
P2,202,500 + 35% of the excess over P5,000,000

te Option for Individuals

individuals (includes Single Proprietors, Professionals and Mixed Income Earners) is subject to the graduated income tax rates

come purely from self-employment/business and/or practice of profession whose gross sales and/or receipts and other non-ope

ovided under Section 24 (A)(2)(a) of the NIRC, as amended; or

ales or receipts and other non-operating income in excess of Two Hundred Fifty Thousand Pesos (P 250,000.00) in lieu of the g
raduated income tax rates as provided under Section 24 (A)(2)(a) of the NIRC, as amended.

eceipts and other non-operating income does not exceed the Value-Added Tax (VAT) threshold of Three Million Pesos (P 3,000,

50,000.00) in lieu of the graduated income tax rates and percentage tax under Section 116 under the NIRC, as amended.
Million Pesos (P 3,000,000.00) shall have the option to avail of the following:

IRC, as amended.
 SHINE BRIGHT TUTORIAL CENTER
Projected Statement of Financial Position
For Years Ended 2020 - 2024

2020 2021 2022

Assets
Current Assets
Cash 6,201,631.61 11,129,259.11 16,936,344.13
Office Supplies 10,838.00 9,212.30 6,855.04
Total Current Assets 6,212,469.61 11,138,471.41 16,943,199.16

Noncurrent Assets
Equipment, net 184,234.50 141,019.00 97,803.50
Furniture and Fixtures, net 24,300.00 18,600.00 12,900.00
Total Noncurrent Assets 208,534.50 159,619.00 110,703.50

Total Assets 6,421,004.11 11,298,090.41 17,053,902.66

Liabilities
Current Liabilities
SSS Contribution Payable 8,590.00 8,590.00 8,590.00
PhilHealth Contribution Payable 508.75 508.75 508.75
Pag-IBIG Contribution Payable 300.00 300.00 300.00
Income Tax Payable 317,815.80 467,248.59 566,747.82
Total Current Liabilities 327,214.55 476,647.34 576,146.57

Total Liabilities 327,214.55 476,647.34 576,146.57

Owner's Equity
Owner's Equity 6,093,789.56 10,821,443.07 16,477,756.09

Total Liabilities and Ower's Equity 6,421,004.11 11,298,090.41 17,053,902.66

Check - - -
R
tion

2023 2024

23,823,476.34 31,967,833.35
5,615.44 4,655.26
23,829,091.78 31,972,488.61

54,588.00 11,372.50
7,200.00 1,500.00
61,788.00 12,872.50

23,890,879.78 31,985,361.11

8,590.00 8,590.00
508.75 508.75
300.00 300.00
681,005.64 813,756.80
690,404.39 823,155.55

690,404.39 823,155.55

23,200,475.39 31,162,205.55

23,890,879.78 31,985,361.11

- -
 SHINE BRIGHT TUTORIAL CENTER
Projected Statement of Cash Flows
For Years Ended 2020 - 2024

2020
Cash Flows from Operating Activities
Cash received from customers 7,398,780.00
Cash paid to employees (1,337,535.00)
Cash paid for training (7,500.00)
Cash paid for rent (300,000.00)
Cash paid for office supplies (43,352.00)
Cash paid for utilities (85,800.00)
Cash paid for advertising (13,500.00)
Cash paid for permits (8,900.00)
Cash paid for miscellanous (2,739.75)
Cash paid for SSS contrubution (94,490.00)
Cash paid for PhilHealth contribution (5,596.25)
Cash paid for PAG-IBIG contribution (3,300.00)
Cash paid for income taxes (953,447.39)
Net Cash Provided (Used) by Operating Activities 4,542,619.61

Cash Flows from Investing Activities

Purchase of property, plant and equipment (257,450.00)
Purchase of semi-expendable (83,538.00)
Net Cash Provided (Used) by Investing Activities (340,988.00)

Cash Flows from Financing Activities

Original Investment 2,000,000.00
Net Cash Provided (Used) by Financing Activities 2,000,000.00

Net Increase (Decrease) in Cash 6,201,631.61

Add: Cash and Cash Equivalents - Beginning -
Cash and Cash Equivalents - Ending 6,201,631.61
HT TUTORIAL CENTER
ement of Cash Flows
Ended 2020 - 2024

2021 2022 2023 2024 -1

8,548,787.00 9,887,510.00 11,427,324.00 13,215,559.00

(1,337,535.00) (1,337,535.00) (1,337,535.00) (1,337,535.00)
(7,500.00) (7,500.00) (7,500.00) (7,500.00)
(315,000.00) (330,750.00) (347,287.50) (364,651.88)
(26,011.20) (18,207.84) (15,606.72) (13,005.60)
(88,890.00) (92,134.50) (95,541.23) (99,118.29)
(3,500.00) (3,500.00) (3,500.00) (3,500.00)
(7,500.00) (7,500.00) (7,500.00) (7,500.00)
(2,876.74) (3,020.57) (3,171.60) (3,330.18)
(103,080.00) (103,080.00) (103,080.00) (103,080.00)
(6,105.00) (6,105.00) (6,105.00) (6,105.00)
(3,600.00) (3,600.00) (3,600.00) (3,600.00)
(1,719,561.57) (2,167,492.06) (2,609,764.74) (3,122,276.05)
4,927,627.50 5,807,085.02 6,887,132.21 8,144,357.01

- - - -
- - - -
- - - -

- - - -
- - - -

4,927,627.50 5,807,085.02 6,887,132.21 8,144,357.01

6,201,631.61 11,129,259.11 16,936,344.13 23,823,476.34
11,129,259.11 16,936,344.13 23,823,476.34 31,967,833.35
 SHINE BRIGHT TUTORIAL CENTER
Projected Statement of Changes in Owner's Equity
For Years Ended 2020 - 2024

2020 2021 2022

Owner's Equity - Beginning 2,000,000.00 6,093,789.56 10,821,443.07
Net Income/(Net Loss) 4,093,789.56 4,727,653.50 5,656,313.02
Owner's Equity - Ending 6,093,789.56 10,821,443.07 16,477,756.09
ENTER
Owner's Equity
024

2023 2024
16,477,756.09 23,200,475.39
6,722,719.30 7,961,730.16
23,200,475.39 31,162,205.55