ECO GECKO

Statement of Financial Position

For the Years Ended 2018-2023

ASSETS
Current Assets Year 0 Year 1 Year 2
Cash 248,157.23 317,365.46 319,489.25
Inventory - 4,877.50 10,106.64
Office Supplies 3,500.00 1,000.00 1,080.00
Store Supplies 5,000.00 2,300.00 2,484.00
Prepaid Rent 25,000.00 - -
Total Current Assets 281,657.23 325,542.96 333,159.89

Non-Current Assets
Equipment, net 55,602.77 50,042.49 44,482.21
Furnitures & Fixtures, net 35,000.00 31,500.00 28,000.00
Leasehold Investments 20,000.00 18,000.00 16,000.00
Rental Deposit 50,000.00 25,000.00 25,000.00
Pre-Operating Cost 57,740.00 - -
Total Non-Current Assets 218,342.77 124,542.49 113,482.21

TOTAL ASSETS 500,000.00 450,085.45 446,642.10

LIABILITIES
Current Liabilities
Income Tax Payable - - -

OWNER'S EQUITY
Bautista, Equity 100,000.00 90,017.09 89,328.42
Madulid, Equity 100,000.00 90,017.09 89,328.42
Marasigan, Equity 100,000.00 90,017.09 89,328.42
Santos, Equity 100,000.00 90,017.09 89,328.42
Tagle, Equity 100,000.00 90,017.09 89,328.42
Total Owner's Equity 500,000.00 450,085.45 446,642.10

TOTAL LIABILITIES AND EQUITY 500,000.00 450,085.45 446,642.10

osition
8-2023

Year 3 Year 4 Year 5

376,551.02 489,123.44 660,260.51
15,754.11 21,853.78 28,441.42
1,166.40 1,259.71 1,360.49
2,682.72 2,897.34 3,129.12
- - -
396,154.25 515,134.27 693,191.54

38,921.93 33,361.65 27,801.37

24,500.00 21,000.00 17,500.00
14,000.00 12,000.00 10,000.00
25,000.00 25,000.00 25,000.00
- - -
102,421.93 91,361.65 80,301.37

498,576.18 606,495.92 773,492.91

5,025.88 10,930.22 17,218.76

98,710.06 119,113.14 151,254.83

98,710.06 119,113.14 151,254.83
98,710.06 119,113.14 151,254.83
98,710.06 119,113.14 151,254.83
98,710.06 119,113.14 151,254.83
493,550.30 595,565.70 756,274.15

498,576.18 606,495.92 773,492.91

 Notes to Financial Statements

Note 1 - Property, Plant, and Equipment

Year 1 Year 2
Equipment 55,602.75 55,602.75
Furnitures & Fixtures 35,000.00 35,000.00
Leasehold Improvements 20,000.00 20,000.00
Accumulated Depreciation - Equipment 5,560.28 11,120.56
Accumulated Depreciation - Furn & Fix 3,500.00 7,000.00
Accumulated Depreciation - Leasehold Imp. 2,000.00 4,000.00
TOTAL 99,542.47 88,482.19

Note 2 - Partner's Capital

Year 1 Year 2
Bautista, Capital, beg 100,000.00 90,017.09
add: Net Income (9,982.91) (688.67)
Bautista, Capital, end 90,017.09 89,328.42

Madulid, Capital, beg 100,000.00 90,017.09

add: Net Income (9,982.91) (688.67)
Madulid, Capital, end 90,017.09 89,328.42

Marasigan, Capital, beg 100,000.00 90,017.09

add: Net Income (9,982.91) (688.67)
Marasigan, Capital, end 90,017.09 89,328.42

Tagle, Capital, beg 100,000.00 90,017.09

add: Net Income (9,982.91) (688.67)
Tagle, Capital, end 90,017.09 89,328.42

Santos, Capital, beg 100,000.00 90,017.09

add: Net Income (9,982.91) (688.67)
Santos, Capital, end 90,017.09 89,328.42

TOTAL 450,085.45 446,642.10

Note 3 - Sales
Year 1 Year 2
Organic Soap Bar Php 30,000.00 Php 32,400.00
Organic Shampoo Bar Php 55,500.00 Php 60,000.00
Tooth Whitening Powder Php 60,000.00 Php 64,800.00
Bamboo Toothbrush Php 20,000.00 Php 21,600.00
Bamboo Tumbler Php 35,000.00 Php 37,800.00
Wooden Eating Utensils Php 90,000.00 Php 97,200.00
Wooden Mug Php 57,000.00 Php 61,600.00
Bamboo Straw Php 34,000.00 Php 36,720.00
Metal Straw Set Php 150,000.00 Php 162,000.00
Stainless Steel Eating Utensils Php 87,500.00 Php 94,500.00
Stainless Steel Food Containers Php 70,000.00 Php 75,600.00
Wooden Watch Php 135,000.00 Php 145,800.00
Wooden Sunglasses Php 96,000.00 Php 104,000.00
Sandals Php 270,000.00 Php 291,600.00
Rattan Bag Php 700,000.00 Php 756,000.00
Eco Bag Php 6,825.00 Php 7,375.00
Organic Notebook Php 390.00 Php 420.00
Recycled Paper Php 15,975.00 Php 17,250.00
Seed Pencil Php 3,125.00 Php 3,375.00
TOTAL Php 1,916,315.00 Php 2,070,040.00

Note 4 - General and Administrative Expenses

Year 1 Year 2
13th Month Pay 15,000.00 15,000.00
Office PAG-IBIG Premium Expense 3,600.00 3,600.00
Office PhilHealth Premium Expense 412.50 412.50
Office Salaries and Wages 180,000.00 180,000.00
Office SSS Premium Expense 20,460.00 20,460.00
Office Supplies Expense 700.00 735.00
Permits and License - 7,380.00
Pre-Operating Expenses 57,740.00 -
TOTAL 277,912.50 227,587.50

Note 5 - Selling Expenses

Year 1 Year 2
13th Month Pay 22,800.00 22,800.00
Advertising Expense 20,000.00 21,840.00
Store Depreciation Expense 6,330.78 6,330.78
Store PAG-IBIG Premium Expense 5,472.00 5,472.00
Store PhilHealth Premium Expense 7,524.00 7,524.00
Store Rent Expense 250,000.00 300,000.00
Store Salaries and Wages 273,600.00 273,600.00
Store SSS Premium Expense 30,360.00 30,360.00
Store Supplies 500.00 525.00
Store Utilities Expense 48,000.00 49,920.00
TOTAL 664,586.78 718,371.78
tatements

Year 3 Year 4 Year 5

55,602.75 55,602.75 55,602.75
35,000.00 35,000.00 35,000.00
20,000.00 20,000.00 20,000.00
16,680.84 22,241.12 27,801.40
10,500.00 14,000.00 17,500.00
6,000.00 8,000.00 10,000.00
77,421.91 66,361.63 55,301.35

Year 3 Year 4 Year 5

89,328.42 98,710.06 119,113.14
9,381.64 20,403.08 32,141.69
98,710.06 119,113.14 151,254.83

89,328.42 98,710.06 119,113.14

9,381.64 20,403.08 32,141.69
98,710.06 119,113.14 151,254.83

89,328.42 98,710.06 119,113.14

9,381.64 20,403.08 32,141.69
98,710.06 119,113.14 151,254.83

89,328.42 98,710.06 119,113.14

9,381.64 20,403.08 32,141.69
98,710.06 119,113.14 151,254.83

89,328.42 98,710.06 119,113.14

9,381.64 20,403.08 32,141.69
98,710.06 119,113.14 151,254.83

493,550.30 595,565.70 756,274.15

Year 3 Year 4 Year 5

Php 35,000.00 Php 37,800.00 Php 40,800.00
Php 64,800.00 Php 70,050.00 Php 75,600.00
Php 70,050.00 Php 75,600.00 Php 81,600.00
Php 23,300.00 Php 25,200.00 Php 27,200.00
Php 40,810.00 Php 44,100.00 Php 47,600.00
Php 105,300.00 Php 114,300.00 Php 123,300.00
Php 66,600.00 Php 72,000.00 Php 77,800.00
Php 39,610.00 Php 42,840.00 Php 46,240.00
Php 175,000.00 Php 189,000.00 Php 204,250.00
Php 102,000.00 Php 110,250.00 Php 119,000.00
Php 81,550.00 Php 88,200.00 Php 95,200.00
Php 157,500.00 Php 170,100.00 Php 183,600.00
Php 112,000.00 Php 120,800.00 Php 130,400.00
Php 315,000.00 Php 340,200.00 Php 367,200.00
Php 816,000.00 Php 882,000.00 Php 952,000.00
Php 7,975.00 Php 8,625.00 Php 9,325.00
Php 453.00 Php 489.00 Php 528.00
Php 18,600.00 Php 20,100.00 Php 21,675.00
Php 3,650.00 Php 3,950.00 Php 4,275.00
Php 2,235,198.00 Php 2,415,604.00 Php 2,607,593.00

Year 3 Year 4 Year 5

15,000.00 15,000.00 15,000.00
3,600.00 3,600.00 3,600.00
412.50 412.50 412.50
180,000.00 180,000.00 180,000.00
20,460.00 20,460.00 20,460.00
771.00 810.00 850.00
7,380.00 7,380.00 7,380.00
- - -
227,623.50 227,662.50 227,702.50

Year 3 Year 4 Year 5

22,800.00 22,800.00 22,800.00
22,932.00 24,079.00 25,283.00
6,330.78 6,330.78 6,330.78
5,472.00 5,472.00 5,472.00
7,524.00 7,524.00 7,524.00
300,000.00 300,000.00 300,000.00
273,600.00 273,600.00 273,600.00
30,360.00 30,360.00 30,360.00
551.00 578.00 607.00
51,916.00 53,991.00 56,149.00
721,485.78 724,734.78 728,125.78
 ECO GECKO
Statement of Comprehensive Income
For the Years Ended 2018-2023

Year 1 Year 2
Sales Php 1,916,315.00 Php 2,070,040.00
less: Cost of Goods Sold 1,045,122.25 1,128,999.82
Gross Profit 871,192.75 941,040.18
less: Operating Expenses:
General and Administrative Expense 277,912.50 227,587.50
Selling Expense 664,586.78 718,371.78
Earnings before Income Tax (71,306.53) (4,919.10)
less: Income Tax (21,391.96) (1,475.73)
Net Income (49,914.57) (3,443.37)
GECKO
mprehensive Income
Ended 2018-2023

Year 3 Year 4 Year 5

Php 2,235,198.00 Php 2,415,604.00 Php 2,607,593.00
1,219,076.99 1,317,470.42 1,422,181.22
1,016,121.01 1,098,133.58 1,185,411.78

227,623.50 227,662.50 227,702.50

721,485.78 724,734.78 728,125.78
67,011.73 145,736.30 229,583.50
20,103.52 43,720.89 68,875.05
46,908.21 102,015.41 160,708.45
 ECO GECKO
Statement of Changes in Equity
For the Years Ended 2018-2023

Year 1 Year 2 Year 3 Year 4 Year 5

Capital, beginning 500,000.00 450,085.43 446,642.06 493,550.27 595,565.68
add: Net Income (49,914.57) (3,443.37) 46,908.21 102,015.41 160,708.45
Capital, ending 450,085.43 446,642.06 493,550.27 595,565.68 756,274.13
 ECO GECKO
Statement of Cash Flows
For the Years Ended 2018-2023

Year 1 Year 2 Year 3

Profit before Tax (49,914.57) (3,443.37) 67,011.73
Depreciation 11,060.28 11,060.28 11,060.28
Increase in Inventory (4,877.50) (5,229.14) (5,647.47)
Increase in Supplies (264.00) (285.12)
Decrease in Supplies 5,200.00
Decrease in Rental Deposit 25,000.00
Decrease in Prepaid Rent 25,000.00
Increase in Income Tax Payable 57,740.00
Cash Generated from Operating Activities 69,208.21 2,123.77 72,139.42
Less: Income Taxes Paid (15,077.64)
Net Cash Generated from Operating Activities 69,208.21 2,123.77 57,061.78
Add: Cash, beginning 248,157.23 317,365.46 319,489.25
Cash, ending 317,365.44 319,489.23 376,551.03
Year 4 Year 5
145,736.30 229,583.50
11,060.28 11,060.28
(6,099.67) (6,587.64)
(307.93) (332.56)

150,388.98 233,723.58
(37,816.55) (62,586.51)
112,572.43 171,137.07
376,551.02 489,123.44
489,123.45 660,260.51