Sheet Flow

Assumptions
Business Profile
Total Investment Cost
Farmer's Income
Trucking Schedule
Admin Expenses - Salaries
Admin and Selling Expenses
Capital Expenditure Schedule
Projected Cash Flow Statement
Projected Income Statement
Projected Balance Sheet
Sensitivity Analysis
Capital Expenditure and Depreciation Schedule
Payback Period
Break-even Analysis Schedule
Break-even Analysis
Assumptions
Tinagacan Agrarian Reform Beneficiaries Cooperative

2
3

4
5

8
9
Assumptions
Tinagacan Agrarian Reform Beneficiaries Cooperative

The PG will be engaged into whole nut trading

The cooperative has an existing coconut area of 170 hectares; 126 hectares have bearing trees and the rest are non-bearing;
included in the project are Katangawan, Olympog, Tinagacan, and Upper Labay.

Each hectare is assumed to be planted with 100 trees; average production 60 nuts/tree/year with a projected increase of 3%
One whole nut has an average weight of 1.2kgs/nut
It is assumed that out of the 100% whole nuts produced, 95% will be bought by the PG to be delivered to its buyer, 5% will be
rejects and will be processed into white copra at the farmers level as an added income by the individual farmer
Buying of whole nuts from the members is done on a per cluster in a barangay; deliveries will be done 4 times a week
The PG will purchase one (1) unit of hauler truck to be used in the hauling operation during the first year of project implement
one (1) unit of hauler truck will be purchased on its third year of implementation to be able to cope up with the increasing vol
delivered to the buyer

Total project cost is amounting to P 5,000,000.00

Counterpart of the PG is 20% of the fund coming from PRDP
Business Profile
Tinagacan Agrarian Reform Beneficiaries Cooperative
Schedule______: Cluster
Areas Areas of Production
COOP/FA Total Area (ha.) Total Potential Area Total Potential Area
(ha.) (non-bearing) (ha.) (bearing)
*Y1 Y2 **Y3 Y4 Y5

1 TARBC 170.00 44.00 126.00 126.00 126.00 126.00 126.00 170.00

2 Tinagacan Cluster 1,241.41 4.75 1,236.66 61.83 64.92 142.22 149.33 156.79
3 Upper Labay Cluster 267.73 60.00 207.73 10.39 10.91 23.89 25.08 26.34
4 Olympog Cluster 709.29 120.92 588.37 29.42 30.89 67.66 71.05 74.60
5 Katangawan Cluster 1,001.59 24.03 977.56 48.88 51.32 112.42 118.04 123.94

Grand Total (hectares) 3,390.02 253.70 3,136.32 276.52 284.04 472.19 489.50 551.67

footnotes:
100% captured area for TARBC members
*No. of hectarage in the 1st year is assumed to be 5% of the bearing areas/brgy; additional 5% increase in the 2nd year
**additional 25% increase on the 3rd year; another 5% increase until the 10th year

Schedule______: Production Volume

Particulars Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8
Hectarage 276.52 284.04 472.19 489.50 551.67 570.75 590.79 610.83
No. of Trees 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Nuts/Tree 60.00 61.80 63.65 65.56 67.53 69.56 71.64 73.79
Vol. of production 1,659,096.00 1,755,378.32 3,005,657.86 3,209,313.89 3,725,463.07 3,969,965.33 4,232,620.84 4,507,462.70
less: rejects (5%) 82,954.80 87,768.92 150,282.89 160,465.69 186,273.15 198,498.27 211,631.04 225,373.14
Net volume (nuts) 1,576,141.20 1,667,609.41 2,855,374.96 3,048,848.20 3,539,189.91 3,771,467.06 4,020,989.79 4,282,089.57
Footnotes:
 *3% increase in the annual volume of production
** rejects of 5% will be retained by the farmers for processing into white copra at their level

Schedule______: Deliveries of Whole Nuts

Particulars Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8
Whole Nuts 1,576,141.20 1,667,609.41 2,855,374.96 3,048,848.20 3,539,189.91 3,771,467.06 4,020,989.79 4,282,089.57
No. of Deliveries 158.00 167.00 286.00 305.00 177.00 189.00 202.00 215.00
Footnotes:
* number of deliveries is based on the capacity of the hauler truck
** hauler truck capacity is 10mt/delivery
*** one hauler truck will be purchased on the ist year; another hauler truck will be purchased on the 3rd year

Schedule______:Procurement Whole nuts

Particulars Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8
Production volume 1,576,141.20 1,667,609.41 2,855,374.96 3,048,848.20 3,539,189.91 3,771,467.06 4,020,989.79 4,282,089.57
Price/nut 9.00 9.27 9.55 9.83 10.13 10.43 10.75 11.07
Procurement Cost 14,185,270.80 15,458,739.21 27,263,405.69 29,984,028.69 35,850,504.85 39,349,475.88 43,211,448.88 47,397,870.46
Footnotes:
* whole nut will be bought on a per nut basis from the farmers
** Prevailing Price is Php 8.00 in 2016
***Buying price of whole nut is based on the pick up price of the buyer less the 0.20/kg mark-up of the PG
**** Buying price is based on 2016 lowest price of the buyer; as noted this is still higher than the price of the local buyers in the city
****Price increases by 3% per annum based on inflation rate

Schedule___________: Cost of Sales

Particulars Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8
Procured Nuts 14,185,270.80 15,458,739.21 27,263,405.69 29,984,028.69 35,850,504.85 39,349,475.88 43,211,448.88 47,397,870.46
Transportation (Fuel
Cost) 251,560.00 273,877.00 472,142.94 518,586.38 317,190.89 348,825.57 383,959.46 420,887.43
Total 14,436,830.80 15,732,616.21 27,735,548.63 30,502,615.07 36,167,695.74 39,698,301.45 43,595,408.34 47,818,757.89
Footnotes:
 *Fuel cost - please see trucking schedule
** fuel cost include both hauling from the farm to delivery to the buyer

Schedule ___________: Repairs and Maintenance

Particulars Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8
Repairs & Maintenance 24,690.00 25,430.70 26,193.62 26,979.43 27,788.81 28,622.48 29,481.15 30,365.59
Total 24,690.00 25,430.70 26,193.62 26,979.43 27,788.81 28,622.48 29,481.15 30,365.59
Footnotes:
*R & M is 3%/annum

Schedule____: Projected Sales

Particulars Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8
Target Volume to be
sold (kg) 1,891,369.44 2,001,131.29 3,426,449.96 3,658,617.84 4,247,027.90 4,525,760.47 4,825,187.75 5,138,507.48
Multiply by: Selling
Price (delivered) 9.20 9.48 9.76 10.05 10.35 10.67 10.99 11.31
Projected Sales 17,400,598.85 18,962,720.10 33,443,110.98 36,780,408.53 43,976,619.28 48,268,690.42 53,006,043.96 58,141,387.76
Footnotes:
*Nut is 1.2 kg/piece
**9.20 is based on pick-up price of the buyer
***3% increase in price in based on inflation rate

Schedule ____________ Hauler Truck Income

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8
Volume (kg) 1,891,369.44 2,001,131.29 3,426,449.96 3,658,617.84 4,247,027.90 4,525,760.47 4,825,187.75 5,138,507.48
Transpo Cost/kg PHP 945,684.72 PHP 1,000,565.64 PHP 1,713,224.98 PHP 1,829,308.92 PHP 2,123,513.95 PHP 2,262,880.24 PHP 2,412,593.88 PHP 2,569,253.74
Total PHP 945,684.72 PHP 1,000,565.64 PHP 1,713,224.98 PHP 1,829,308.92 PHP 2,123,513.95 PHP 2,262,880.24 PHP 2,412,593.88 PHP 2,569,253.74
Footnotes:
Hauler Truck share is 0.50/kg; this is paid by the buyer
 Y6 Y7 Y8 Y9 Y10

170.00 170.00 170.00 170.00 170.00

164.63 172.86 181.10 189.74 198.79
27.65 29.04 30.42 31.87 33.39
78.33 82.24 86.16 90.27 94.58
130.14 136.65 143.15 149.99 157.14

570.75 590.79 610.83 631.87 653.91

Y9 Y10
631.87 653.91
100.00 100.00
76.01 78.29
4,802,600.68 5,119,233.63
240,130.03 255,961.68
4,562,470.65 4,863,271.95
 Y9 Y10
4,562,470.65 4,863,271.95
229.00 244.00

Y9 Y10
4,562,470.65 4,863,271.95
11.40 11.74
52,016,411.84 57,109,201.43

Y9 Y10
52,016,411.84 57,109,201.43

461,763.03 506,773.90
52,478,174.87 57,615,975.33
 Year 9 Year 10
31,276.55 32,214.85
31,276.55 32,214.85

Year 9 Year 10

5,474,964.78 5,835,926.34

11.65 12.00
63,806,798.53 70,053,953.75

Year 9 Year 10
5,474,964.78 5,835,926.34
PHP 2,737,482.39 PHP 2,917,963.17
PHP 2,737,482.39 PHP 2,917,963.17
Total Investment Cost
TINAGACAN Agrarian Reform Beneficiaries Cooperative

FUND SOU
Components / Line Items Total Cost
LP from WB (Cash) GOP (Cash)
Capacity Qty Unit Cost
Operational Costs

Working Capital 470,000.00

subtotal
Capital Expenditure
Land 500,000.00
Hauler trucks (forward) 10 gross
tonnage 1 4,000,000.00 4,000,000.00 2,400,000.00 800,000.00
Weighing scale (digital) 1ookg cap 4 7,500.00 30,000.00
subtotal 4,530,000.00

Grand Total 5,000,000.00 2,400,000.00 800,000.00

footnotes:

PHP 4,000,000.00 PHP 5,000,000.00

PHP 1,000,000.00
FUND SOURCES
Proponent Group
CLGU (Cash)
Cash In  Kind

470,000.00

500,000.00

800,000.00

30,000.00

800,000.00 500,000.00 500,000.00

 Cost and Return Analysis
One-hectare Nut Production
Particulars Year 1 Year 2 Year 3
Average Yield 60 nuts/tree/yr (nuts) 6,000.00 6,180.00 6,365.40
Multiply by: Buying Price 9.00 9.27 9.55
Sales 54,000.00 57,288.60 60,777.48
Less Production/Postharvest Cost:
Labor Inputs
Saka/Sungkit(8/tree/yr) 3,200.00 3,200.00 3,200.00
Tapok/Hakot (15cents/nut) 900.00 927.00 954.81
Dehusking (25cents/nut) 1,500.00 1,545.00 1,591.35
Total Production Cost 5,600.00 5,672.00 5,746.16
Farmer's Annual Income per Hectare 48,400.00 51,616.60 55,031.32
Average Monthly Income 4,033.33 4,301.38 4,585.94
Incremental Income 3,216.60 3,414.72
Footnotes:
Saka/sungkit computation: 100*8*4 = 8.00/tree
100 - No. of tree/Ha./year
PhP 8 - cost of labor/tree….based on prevailing price
4 - Frequency of harvest/year
Dehusking - 0.25/nut
Hakot/tapok - 0.15/nut
Year 4 Year 5 Year 6 Year 7 Year 8 Year 9
6,556.36 6,753.05 6,955.64 7,164.31 7,379.24 7,600.62
9.83 10.13 10.43 10.75 11.07 11.40
64,478.82 68,405.58 72,571.48 76,991.09 81,679.85 86,654.15

3,200.00 3,200.00 3,200.00 3,200.00 3,200.00 3,200.00

983.45 1,012.96 1,043.35 1,074.65 1,106.89 1,140.09
1,639.09 1,688.26 1,738.91 1,791.08 1,844.81 1,900.16
5,822.54 5,901.22 5,982.26 6,065.73 6,151.70 6,240.25
58,656.28 62,504.36 66,589.23 70,925.36 75,528.15 80,413.90
4,888.02 5,208.70 5,549.10 5,910.45 6,294.01 6,701.16
3,624.96 3,848.08 4,084.86 4,336.14 4,602.79 4,885.75

Price No. of Nuts No. of trees Has

9.00 60.00 100.00 1.00
9.27 61.80 100.00 1.00
9.55 63.65 100.00 1.00
9.83 65.56 100.00 1.00
10.13 67.53 100.00 1.00
10.43 69.56 100.00 1.00
10.75 71.64 100.00 1.00
11.07 73.79 100.00 1.00
11.40 76.01 100.00 1.00
11.74 78.29 100.00 1.00
 Year 10
7,828.64
11.74
91,931.39

3,200.00
1,174.30
1,957.16
6,331.46
85,599.93
7,133.33
5,186.03

Total Volume
6,000.00
6,180.00
6,365.40
6,556.36
6,753.05
6,955.64
7,164.31
7,379.24
7,600.62
7,828.64
Trucking Schedule

Distance Travelled
Origin Pick up Destination in Kilometers
Hauling
TARBC Office - Brgy. Tinagacan Tinagacan 1
Brgy. Katangawan 4
Brgy. Olympog 4
Total Brgy. Upper Labay 6
Delivery 15

Franklin Baker - Sta

General Santos City Cruz, Davao Del Sur 95
TARBC Office Brgy.
Franklin Baker - Sta Cruz, Davao Del Sur Tinagacan 95
Total 190
Footnotes:
*The 7.50 km is the average km travelled (back and forth) during hauling from the 4 different barangays of the city
**Hauling is on a per cluster basis; this means that the hauler truck will pick up the nuts equivalent to one truckload in jus
***The 190 km travelled (back and forth) is the distance travelled from General Santos City to the buyer location in Sta. C
**** It is assumed that one (1) liter of fuel is equivalent to 4 km travel distance

Delivery
1 2
Volume to be hauled (kg) 1,891,369.44 2,001,131.29
Vehicle Capacity Per Trip 10,000.00 10,000.00
Number of Trips Required 158.00 167.00
Total Distance Travelled (km) 190.00 190.00
Total Fuel Consumption Per Liter 47.50 47.50
Cost of Fuel Per Liter 32.00 32.96
Total Fuel Cost PHP 240,160.00 PHP 261,455.20

Hauling
1 2
Volume to be delivered (kg) 1,891,369.44 2,001,131.29
Vehicle Capacity Per Trip 10,000.00 10,000.00
Number of Trips Required 190.00 201.00
Total Distance Travelled (km) 7.50 7.50
Total Fuel Consumption per Liter 1.88 1.88
Cost of Fuel Per Liter 32.00 32.96
Total Fuel Cost PHP 11,400.00 PHP 12,421.80

Total Fuel Cost PHP 251,560.00 PHP 273,877.00

PHP 1,592.15
Income of Hauler PHP 945,684.72 PHP 1,000,565.64
Per trip PHP 5,985.35
Net Income of Hauler truck (net of fuel cost) PHP 694,124.72 PHP 726,688.64
 Dep PHP 400,000.00 PHP 400,000.00
R&M PHP 12,000.00 PHP 12,000.00
Dep + R & M PHP 412,000.00 PHP 412,000.00

Net Income (net of dep & r & m) PHP 282,124.72 PHP 314,688.64
 7.50 km

m the 4 different barangays of the city

up the nuts equivalent to one truckload in just one location and directly delivered to the buyer
eral Santos City to the buyer location in Sta. Cruz, Davao del Sur

Year
3 4 5 6
3,426,449.96 3,658,617.84 4,247,027.90 4,525,760.47
20,000.00 20,000.00 20,000.00 20,000.00
286.00 305.00 177.00 189.00
190.00 190.00 190.00 190.00
47.50 47.50 47.50 47.50
33.95 34.97 36.02 37.10
PHP 461,194.45 PHP 506,588.24 PHP 302,806.89 PHP 333,036.26

Year
3 4 5 6
3,426,449.96 3,658,617.84 4,247,027.90 4,525,760.47
20,000.00 20,000.00 20,000.00 20,000.00
172.00 183.00 213.00 227.00
7.50 7.50 7.50 7.50
1.88 1.88 1.88 1.88
33.95 34.97 36.02 37.10
PHP 10,948.49 PHP 11,998.14 PHP 14,384.00 PHP 15,789.31

PHP 472,142.94 PHP 518,586.38 PHP 317,190.89 PHP 348,825.57

PHP 1,713,224.98 PHP 1,829,308.92 PHP 2,123,513.95 PHP 2,262,880.24

PHP 1,241,082.04 PHP 1,310,722.54 PHP 1,806,323.06 PHP 1,914,054.67

PHP 820,000.00 PHP 820,000.00 PHP 820,000.00 PHP 820,000.00
PHP 24,600.00 PHP 24,600.00 PHP 24,600.00 PHP 24,600.00
PHP 844,600.00 PHP 844,600.00 PHP 844,600.00 PHP 844,600.00

PHP 396,482.04 PHP 466,122.54 PHP 961,723.06 PHP 1,069,454.67

 7 8 9 10
4,825,187.75 5,138,507.48 5,474,964.78 5,835,926.34
20,000.00 20,000.00 20,000.00 20,000.00
202.00 215.00 229.00 244.00
190.00 190.00 190.00 190.00
47.50 47.50 47.50 47.50
38.21 39.36 40.54 41.75
PHP 366,621.82 PHP 401,922.78 PHP 440,937.33 PHP 483,914.28

7 8 9 10
4,825,187.75 5,138,507.48 5,474,964.78 5,835,926.34
20,000.00 20,000.00 20,000.00 20,000.00
242.00 257.00 274.00 292.00
7.50 7.50 7.50 7.50
1.88 1.88 1.88 1.88
38.21 39.36 40.54 41.75
PHP 17,337.64 PHP 18,964.66 PHP 20,825.70 PHP 22,859.63

PHP 383,959.46 PHP 420,887.43 PHP 461,763.03 PHP 506,773.90

PHP 2,412,593.88 PHP 2,569,253.74 PHP 2,737,482.39 PHP 2,917,963.17

PHP 2,028,634.42 PHP 2,148,366.31 PHP 2,275,719.36 PHP 2,411,189.27

PHP 820,000.00 PHP 820,000.00 PHP 820,000.00 PHP 820,000.00
PHP 24,600.00 PHP 24,600.00 PHP 24,600.00 PHP 24,600.00
PHP 844,600.00 PHP 844,600.00 PHP 844,600.00 PHP 844,600.00

PHP 1,184,034.42 PHP 1,303,766.31 PHP 1,431,119.36 PHP 1,566,589.27

PHP 8,976,105.02 PHP 897,610.50
Schedule ______2: Administrative Salaries
# of Monthly Annual Salary
Particulars PhilHealth SSS
persons Salary
Operation Supervisor PHP 1.00 7,000.00 84,000.00 2,400.00 9,360.00
Subtotal 7,000.00 84,000.00 2,400.00 9,360.00
Footnotes:
*Scalers and classifiers are employees of the buyer
**The driver and laborers are paid by the buyer
***Other admin employees will be charged in the cooperative as a whole like the General Manager, Bookkeeper and others
 PAG-IBIG 13th Month Total

1,680.00 7,000.00 104,440.00

1,680.00 7,000.00 104,440.00

eper and others

Selling and Admin Expenses
Year 1 Year 2 Year 3
Particulars
Salaries and Wages 104,440.00 107,573.20 110,800.40
Communication 6,000.00 6,180.00 6,365.40
Miscellaneous 5,000.00 5,150.00 5,304.50
Repairs & Maintenance 24,690.00 25,430.70 26,193.62
Permits & Licenses 2,500.00 2,625.00 2,703.75
Depreciation 403,000.00 403,000.00 403,000.00
Subtotal 142,630.00 146,958.90 151,367.67
Footnotes:
*yearly increase in Salaries and Wages to Miscellaneous is based on inflation rate

Selling & admin less salaries & wages 38,190.00 39,385.70 40,567.27
Selling & Admin 117,940.00 121,528.20 125,174.05
(less: R&M/Dep/Tax)

Note: TARBC is tax-exempted

Year 4 Year 5 Year 6 Year 7

114,124.41 117,548.14 121,074.58 124,706.82

6,556.36 6,753.05 6,955.64 7,164.31
5,463.64 5,627.54 5,796.37 5,970.26
26,979.43 27,788.81 28,622.48 29,481.15
2,784.86 2,868.41 2,954.46 3,043.09
403,000.00 823,000.00 823,000.00 823,000.00
155,908.70 160,585.96 165,403.54 170,365.64

41,784.29 43,037.82 44,328.95 45,658.82

128,929.27 132,797.15 136,781.06 140,884.49
Year 8 Year 9 Year 10

128,448.03 132,301.47 136,270.51

7,379.24 7,600.62 7,828.64
6,149.37 6,333.85 6,523.87
30,365.59 31,276.55 32,214.85
3,134.39 3,228.42 3,325.27
823,000.00 823,000.00 823,000.00
175,476.61 180,740.91 186,163.14

47,028.59 48,439.44 49,892.63

145,111.03 149,464.36 153,948.29
Schedule______: Capital Expenditure & Depreciation Schedule
Components /
Capacity Qty Unit Cost Total Cost
Line Items

Year 1

Land 500,000.00

Hauler trucks
(forward) 10 gross tonnage 1.00 4,000,000.00 4,000,000.00
Weighing scale
(digital) 1ookg cap 4.00 7,500.00 30,000.00
Total 4,530,000.00

Year 5
Hauler trucks
(forward) 10 gross tonnage 1.00 4,200,000.00 4,200,000.00

Grand Total 8,730,000.00

PHP 4,030,000.00
PHP 8,230,000.00
Depreciation R&M Yearly Dep
Yr 1 Yr 2 Yr 3

- -

400,000.00 12,000.00 400,000.00 400,000.00 400,000.00

3,000.00 90.00 3,000.00 3,000.00 3,000.00

403,000.00 12,090.00

420,000.00 12,600.00
823,000.00 24,690.00
Total 403,000.00 403,000.00 403,000.00
820,000.00 24,600.00
Accumulated Depn) 403,000.00 806,000.00 1,209,000.00
 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9

400,000.00 400,000.00 400,000.00 400,000.00 400,000.00 400,000.00

3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00

420,000.00 420,000.00 420,000.00 420,000.00 420,000.00

403,000.00 823,000.00 823,000.00 823,000.00 823,000.00 823,000.00

1,612,000.00 2,435,000.00 3,258,000.00 4,081,000.00 4,904,000.00 5,727,000.00

 Yr 10

400,000.00

3,000.00

420,000.00

823,000.00

6,550,000.00
Consolidated Projected Cash Flow
Tinagacan Agrarian Reform Beneficiaries Cooperative PHP 400.00

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7

Beginning Cash Balance 470,000.00 1,882,146.83 3,389,360.02 5,852,285.92 8,519,744.02 7,827,399.48 11,603,859.18

Cash Flow from Investing Activities:

Loan Proceeds 2,400,000.00
GOP 800,000.00
LGU 800,000.00
Proponent Group 500,000.00
Net Cash Flow From Investing Activiti 4,500,000.00

Cash Inflows
Income from Sales 17,400,598.85 18,962,720.10 33,443,110.98 36,780,408.53 43,976,619.28 48,268,690.42 53,006,043.96
Hauler Truck Income 945,684.72 1,000,565.64 1,713,224.98 1,829,308.92 2,123,513.95 2,262,880.24 2,412,593.88

Total Cash Inflows 4,500,000.00 18,346,283.57 19,963,285.74 35,156,335.96 38,609,717.45 46,100,133.23 50,531,570.66 55,418,637.84

Cash Outflows
Investing Activities
New Fixed Assets Purchases 4,030,000.00 PHP 4,200,000.00
Cost of Sales 14,436,830.80 15,732,616.21 27,735,548.63 30,502,615.07 36,167,695.74 39,698,301.45 43,595,408.34
Admin and Selling Expenses
Salaries and Wages 104,440.00 107,573.20 110,800.40 114,124.41 117,548.14 121,074.58 124,706.82
Fixed Business Expenses 38,190.00 39,385.70 40,567.27 41,784.29 43,037.82 44,328.95 45,658.82
Total Cash Outflows 14,579,460.80 15,879,575.11 27,886,916.30 30,658,523.77 40,528,281.70 39,863,704.99 43,765,773.98
Financing Activities
Dividends Paid 2,354,675.94 2,576,497.44 4,806,493.77 5,283,735.57 6,264,196.07 6,891,405.97 7,580,904.70
Total Cash Outflows 4,030,000.00 16,934,136.74 18,456,072.55 32,693,410.06 35,942,259.34 46,792,477.77 46,755,110.96 51,346,678.68

Ending Cash Balance 470,000.00 1,882,146.83 3,389,360.02 5,852,285.92 8,519,744.02 7,827,399.48 11,603,859.18 15,675,818.34
Year 8 Year 9 Year 10
15,675,818.34 20,066,840.44 24,808,549.98

58,141,387.76 63,806,798.53 70,053,953.75

2,569,253.74 2,737,482.39 2,917,963.17

60,710,641.50 66,544,280.92 72,971,916.92

47,818,757.89 52,478,174.87 57,615,975.33

128,448.03 132,301.47 136,270.51

47,028.59 48,439.44 49,892.63
47,994,234.50 52,658,915.78 57,802,138.47

8,325,384.90 9,143,655.59 10,042,744.92

56,319,619.40 61,802,571.38 67,844,883.39

20,066,840.44 24,808,549.98 29,935,583.51

Consolidated Projected Income Statement
Tinagacan Agrarian Reform Beneficiaries Cooperative (TARBC)

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
Income
Sales - Whole Nuts 17,400,598.85 18,962,720.10 33,443,110.98 36,780,408.53 43,976,619.28 48,268,690.42 53,006,043.96 58,141,387.76 63,806,798.53 70,053,953.75
Hauler Truck Income 945,684.72 1,000,565.64 1,713,224.98 1,829,308.92 2,123,513.95 2,262,880.24 2,412,593.88 2,569,253.74 2,737,482.39 2,917,963.17
Total Income 18,346,283.57 19,963,285.74 35,156,335.96 38,609,717.45 46,100,133.23 50,531,570.66 55,418,637.84 60,710,641.50 66,544,280.92 72,971,916.92

Cost of Sales

Whole Nuts 14,436,830.80 15,732,616.21 27,735,548.63 30,502,615.07 36,167,695.74 39,698,301.45 43,595,408.34 47,818,757.89 52,478,174.87 57,615,975.33
Total Cost of Sales 14,436,830.80 15,732,616.21 27,735,548.63 30,502,615.07 36,167,695.74 39,698,301.45 43,595,408.34 47,818,757.89 52,478,174.87 57,615,975.33

Gross Profit 3,909,452.77 4,230,669.53 7,420,787.33 8,107,102.38 9,932,437.49 10,833,269.20 11,823,229.50 12,891,883.61 14,066,106.04 15,355,941.59

General & Admin Expenses 142,630.00 146,958.90 151,367.67 155,908.70 160,585.96 165,403.54 170,365.64 175,476.61 180,740.91 186,163.14

Total Gen. & Admin. Expense 142,630.00 146,958.90 151,367.67 155,908.70 160,585.96 165,403.54 170,365.64 175,476.61 180,740.91 186,163.14

Depreciation Expenses 403,000.00 403,000.00 403,000.00 403,000.00 823,000.00 823,000.00 823,000.00 823,000.00 823,000.00 823,000.00
Total Expenses 14,982,460.80 16,282,575.11 28,289,916.30 31,061,523.77 37,151,281.70 40,686,704.99 44,588,773.98 48,817,234.50 53,481,915.78 58,625,138.47

Net Surplus 3,363,822.77 3,680,710.63 6,866,419.67 7,548,193.68 8,948,851.53 9,844,865.67 10,829,863.86 11,893,407.00 13,062,365.13 14,346,778.45 90,385,278.38 9,038,527.84

ROI (%) 22.45 22.61 24.27 24.30 24.09 24.20 24.29 24.36 24.42 24.47 23.95
BCR 1.22 1.23 1.24 1.24 1.24 1.24 1.24 1.24 1.24 1.24 1.24
NPV 43,462,830.27
IRR 93%

(5,000,000.00) 3,363,822.77 3,680,710.63 6,866,419.67 7,548,193.68 8,948,851.53 9,844,865.67 10,829,863.86 11,893,407.00 13,062,365.13 14,346,778.45 87,021,455.61
6,000,000.00
 Consolidated Projected Balance Sheet
Tinagacan Agrarian Reform Beneficiaries
Pre-operation Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
Assets
Current Assets
Cash 470,000.00 1,882,146.83 3,389,360.02 5,852,285.92 8,519,744.02 7,827,399.48 11,603,859.18 15,675,818.34 20,066,840.44 24,808,549.98 29,935,583.51
Other Current
Fixed
Total Assets
Current(delete
Assetsif not 470,000.00 1,882,146.83 3,389,360.02 5,852,285.92 8,519,744.02 7,827,399.48 11,603,859.18 15,675,818.34 20,066,840.44 24,808,549.98 29,935,583.51
applicable, use non-current assets
instead)
Real Estate-Land 500,000.00 500,000.00 500,000.00 500,000.00 500,000.00 500,000.00 500,000.00 500,000.00 500,000.00 500,000.00 500,000.00
Property and Equipment 4,030,000.00 4,030,000.00 4,030,000.00 4,030,000.00 4,030,000.00 8,230,000.00 8,230,000.00 8,230,000.00 8,230,000.00 8,230,000.00 8,230,000.00
Other Fixed Assets - - - - - - - - - - -
Total Fixed Assets 4,530,000.00 4,530,000.00 4,530,000.00 4,530,000.00 4,530,000.00 8,730,000.00 8,730,000.00 8,730,000.00 8,730,000.00 8,730,000.00 8,730,000.00

Less: Accumulated Depreciation (403,000.00) (806,000.00) (1,209,000.00) (1,612,000.00) (2,435,000.00) (3,258,000.00) (4,081,000.00) (4,904,000.00) (5,727,000.00) (6,550,000.00)

Total Assets 5,000,000.00 6,009,146.83 7,113,360.02 9,173,285.92 11,437,744.02 14,122,399.48 17,075,859.18 20,324,818.34 23,892,840.44 27,811,549.98 32,115,583.51

Liabilities(delete
Liabilities and Owner's Equity
if not applicable)
Total Liabilities

Owner's Equity
Beg. Balance 5,000,000.00 6,009,146.83 7,113,360.02 9,173,285.92 11,437,744.02 14,122,399.48 17,075,859.18 20,324,818.34 23,892,840.44 27,811,549.98
less: Dividends 2,354,675.94 2,576,497.44 4,806,493.77 5,283,735.57 6,264,196.07 6,891,405.97 7,580,904.70 8,325,384.90 9,143,655.59 10,042,744.92
Add:
Net Income 3,363,822.77 3,680,710.63 6,866,419.67 7,548,193.68 8,948,851.53 9,844,865.67 10,829,863.86 11,893,407.00 13,062,365.13 14,346,778.45
Initial Investment
Loan Proceeds 2,400,000.00
GOP 800,000.00
LGU 800,000.00
Proponent Group 1,000,000.00
End. Balance
Total Owner's Equity 5,000,000.00 6,009,146.83 7,113,360.02 9,173,285.92 11,437,744.02 14,122,399.48 17,075,859.18 20,324,818.34 23,892,840.44 27,811,549.98 32,115,583.51

Total Liabilities and Owner's

Equity 5,000,000.00 6,009,146.83 7,113,360.02 9,173,285.92 11,437,744.02 14,122,399.48 17,075,859.18 20,324,818.34 23,892,840.44 27,811,549.98 32,115,583.51

- - - - - - - - - - -
Sensitivity Analysis
TARBC

Capital Investment PHP 5,000,000.00

BASE CASE
Investment Cost and
Revenue Net Cash Flow
Operating Cost
Year 0 PHP 5,000,000.00 PHP (5,000,000.00)
Year 1 PHP 18,346,283.57 PHP 14,579,460.80 PHP 3,766,822.77
Year 2 PHP 19,963,285.74 PHP 15,879,575.11 PHP 4,083,710.63
Year 3 PHP 35,156,335.96 PHP 27,886,916.30 PHP 7,269,419.67
Year 4 PHP 38,609,717.45 PHP 30,658,523.77 PHP 7,951,193.68
Year 5 PHP 46,100,133.23 PHP 40,528,281.70 PHP 5,571,851.53
Year 6 PHP 50,531,570.66 PHP 39,863,704.99 PHP 10,667,865.67
Year 7 PHP 55,418,637.84 PHP 43,765,773.98 PHP 11,652,863.86
Year 8 PHP 60,710,641.50 PHP 47,994,234.50 PHP 12,716,407.00
Year 9 PHP 66,544,280.92 PHP 52,658,915.78 PHP 13,885,365.13
Year 10 PHP 72,971,916.92 PHP 57,802,138.47 PHP 15,169,778.45
FNPV
FIRR
BCR
ROI

Sensitivity Analysis
Revenue decrease by 5%

Year 0 PHP 5,000,000.00 PHP (5,000,000.00)

Year 1 PHP 17,428,969.39 PHP 14,579,460.80 PHP 2,849,508.59
Year 2 PHP 18,965,121.46 PHP 15,879,575.11 PHP 3,085,546.35
Year 3 PHP 33,398,519.16 PHP 27,886,916.30 PHP 5,511,602.87
Year 4 PHP 36,679,231.58 PHP 30,658,523.77 PHP 6,020,707.81
Year 5 PHP 43,795,126.57 PHP 40,528,281.70 PHP 3,266,844.87
Year 6 PHP 48,004,992.12 PHP 39,863,704.99 PHP 8,141,287.13
Year 7 PHP 52,647,705.94 PHP 43,765,773.98 PHP 8,881,931.96
Year 8 PHP 57,675,109.43 PHP 47,994,234.50 PHP 9,680,874.92
Year 9 PHP 63,217,066.87 PHP 52,658,915.78 PHP 10,558,151.09
Year 10 PHP 69,323,321.07 PHP 57,802,138.47 PHP 11,521,182.60
 FNPV
FIRR
BCR
ROI

Sensitivity Analysis
Revenue Reduction by 10%

Investment Cost and

Revenue Net Cash Flow
Operating Costs

Year 0 PHP 5,000,000.00 PHP (5,000,000.00)

Year 1 PHP 16,511,655.21 PHP 14,579,460.80 PHP 1,932,194.41
Year 2 PHP 17,966,957.17 PHP 15,879,575.11 PHP 2,087,382.06
Year 3 PHP 31,640,702.37 PHP 27,886,916.30 PHP 3,753,786.07
Year 4 PHP 34,748,745.70 PHP 30,658,523.77 PHP 4,090,221.93
Year 5 PHP 41,490,119.90 PHP 40,528,281.70 PHP 961,838.21
Year 6 PHP 45,478,413.59 PHP 39,863,704.99 PHP 5,614,708.60
Year 7 PHP 49,876,774.05 PHP 43,765,773.98 PHP 6,111,000.07
Year 8 PHP 54,639,577.35 PHP 47,994,234.50 PHP 6,645,342.85
Year 9 PHP 59,889,852.83 PHP 52,658,915.78 PHP 7,230,937.04
Year 10 PHP 65,674,725.23 PHP 57,802,138.47 PHP 7,872,586.76

FNPV
FIRR
BCR
ROI

Sensitivity Analysis
Revenue decrease by 15%

Investment Cost and

Revenue Net Cash Flow
Operating Costs

Year 0 PHP 5,000,000.00 PHP (5,000,000.00)

Year 1 PHP 15,594,341.03 PHP 14,579,460.80 PHP 1,014,880.23
Year 2 PHP 16,968,792.88 PHP 15,879,575.11 PHP 1,089,217.77
Year 3 PHP 29,882,885.57 PHP 27,886,916.30 PHP 1,995,969.27
Year 4 PHP 32,818,259.83 PHP 30,658,523.77 PHP 2,159,736.06
Year 5 PHP 39,185,113.24 PHP 40,528,281.70 PHP (1,343,168.45)
Year 6 PHP 42,951,835.06 PHP 39,863,704.99 PHP 3,088,130.07
Year 7 PHP 47,105,842.16 PHP 43,765,773.98 PHP 3,340,068.18
Year 8 PHP 51,604,045.28 PHP 47,994,234.50 PHP 3,609,810.77
Year 9 PHP 56,562,638.78 PHP 52,658,915.78 PHP 3,903,723.00
Year 10 PHP 62,026,129.38 PHP 57,802,138.47 PHP 4,223,990.91

FNPV
FIRR
BCR
ROI

Sensitivity Results Summary

Sensitivity Analysis Base Case Revenue -5% Revenue -10%

(10 Years)
FNPV PHP 34,306,043.65 PHP 24,374,067.85 PHP 14,442,092.06
FIRR 97% 77% 56%
BCR 1.21 1.15 1.09
ROI 185.47% 139.04% 92.60%
PHP 34,306,043.65
97%
1.21
185%

Sensitivity Analysis
Cost increase by 5%

Year 0
Year 1 PHP 18,346,283.57
Year 2 PHP 19,963,285.74
Year 3 PHP 35,156,335.96
Year 4 PHP 38,609,717.45
Year 5 PHP 46,100,133.23
Year 6 PHP 50,531,570.66
Year 7 PHP 55,418,637.84
Year 8 PHP 60,710,641.50
Year 9 PHP 66,544,280.92
Year 10 PHP 72,971,916.92
PHP 24,374,067.85
77%
1.15
139.04%

Sensitivity Analysis
Cost Increase by 10%

Revenue

Year 0
Year 1 PHP 18,346,283.57
Year 2 PHP 19,963,285.74
Year 3 PHP 35,156,335.96
Year 4 PHP 38,609,717.45
Year 5 PHP 46,100,133.23
Year 6 PHP 50,531,570.66
Year 7 PHP 55,418,637.84
Year 8 PHP 60,710,641.50
Year 9 PHP 66,544,280.92
Year 10 PHP 72,971,916.92

PHP 14,442,092.06
56%
1.09
92.60%

Sensitivity Analysis
Costs Increase by 15%

Revenue

Year 0
Year 1 PHP 18,346,283.57
Year 2 PHP 19,963,285.74
Year 3 PHP 35,156,335.96
 Year 4 PHP 38,609,717.45
Year 5 PHP 46,100,133.23
Year 6 PHP 50,531,570.66
Year 7 PHP 55,418,637.84
Year 8 PHP 60,710,641.50
Year 9 PHP 66,544,280.92
Year 10 PHP 72,971,916.92

PHP 4,510,116.27
30%
1.03
46.16%

Revenue -15% Cost +5% Cost +10% Cost +15%

PHP 4,510,116.27 PHP 26,339,370.04 PHP 18,372,696.42 PHP 10,406,022.81

30% 81% 64% 46%
1.03 1.15 1.10 1.06
46.16% 148.31% 111.15% 73.99%
 Sensitivity Analysis
Cost increase by 5%

Investment Cost and

Net Cash Flow
Operating Costs

PHP 5,000,000.00 PHP (5,000,000.00)

PHP 15,308,433.84 PHP 3,037,849.73
PHP 16,673,553.87 PHP 3,289,731.88
PHP 29,281,262.11 PHP 5,875,073.85
PHP 32,191,449.96 PHP 6,418,267.49
PHP 42,554,695.78 PHP 3,545,437.44
PHP 41,856,890.24 PHP 8,674,680.42
PHP 45,954,062.68 PHP 9,464,575.16
PHP 50,393,946.23 PHP 10,316,695.27
PHP 55,291,861.57 PHP 11,252,419.34
PHP 60,692,245.39 PHP 12,279,671.53
 FNPV PHP 26,339,370.04
FIRR 81%
BCR 1.15
ROI 148.31%

Sensitivity Analysis
Cost Increase by 10%

Investment Cost and

Net Cash Flow
Operating Costs

PHP 5,000,000.00 PHP (5,000,000.00)

PHP 16,037,406.88 PHP 2,308,876.69
PHP 17,467,532.62 PHP 2,495,753.12
PHP 30,675,607.93 PHP 4,480,728.04
PHP 33,724,376.15 PHP 4,885,341.30
PHP 44,581,109.87 PHP 1,519,023.36
PHP 43,850,075.49 PHP 6,681,495.17
PHP 48,142,351.38 PHP 7,276,286.46
PHP 52,793,657.95 PHP 7,916,983.55
PHP 57,924,807.36 PHP 8,619,473.56
PHP 63,582,352.32 PHP 9,389,564.60

FNPV PHP 18,372,696.42

FIRR 64%
BCR 1.10
ROI 111.15%

Sensitivity Analysis
Costs Increase by 15%

Investment Cost and

Net Cash Flow
Operating Costs

PHP 5,000,000.00 PHP (5,000,000.00)

PHP 16,766,379.92 PHP 1,579,903.65
PHP 18,261,511.38 PHP 1,701,774.37
PHP 32,069,953.74 PHP 3,086,382.22
PHP 35,257,302.33 PHP 3,352,415.11
PHP 46,607,523.95 PHP (507,390.73)
PHP 45,843,260.74 PHP 4,688,309.92
PHP 50,330,640.08 PHP 5,087,997.76
PHP 55,193,369.68 PHP 5,517,271.82
PHP 60,557,753.15 PHP 5,986,527.77
PHP 66,472,459.24 PHP 6,499,457.68

FNPV PHP 10,406,022.81

FIRR 46%
BCR 1.06
ROI 73.99%

Revenue -5% and Cost Revenue -10% and Cost Revenue -15% and
+5% +10% Cost +15%
PHP 16,407,394.24 PHP (1,491,255.16) PHP (19,389,904.57)
60% 9% Err:523
1.10 0.99 0.90
101.87% 18.28% -65.32%
 Sensitivity Analysis
Revenue Reduction by 5% and Cost Increase by 5%

Investment Cost and

Revenue Net Cash Flow
Operating Costs

Year 0 PHP 5,000,000.00 PHP (5,000,000.00)

Year 1 PHP 17,428,969.39 PHP 15,308,433.84 PHP 2,120,535.55
Year 2 PHP 18,965,121.46 PHP 16,673,553.87 PHP 2,291,567.59
Year 3 PHP 33,398,519.16 PHP 29,281,262.11 PHP 4,117,257.05
Year 4 PHP 36,679,231.58 PHP 32,191,449.96 PHP 4,487,781.62
Year 5 PHP 43,795,126.57 PHP 42,554,695.78 PHP 1,240,430.78
Year 6 PHP 48,004,992.12 PHP 41,856,890.24 PHP 6,148,101.88
Year 7 PHP 52,647,705.94 PHP 45,954,062.68 PHP 6,693,643.27
Year 8 PHP 57,675,109.43 PHP 50,393,946.23 PHP 7,281,163.20
Year 9 PHP 63,217,066.87 PHP 55,291,861.57 PHP 7,925,205.30
Year 10 PHP 69,323,321.07 PHP 60,692,245.39 PHP 8,631,075.68
 FNPV
FIRR
BCR
ROI

Sensitivity Analysis
Revenue Decrease by 10% and Costs Increase by 10%

Investment Cost and

Revenue Net Cash Flow
Operating Costs

Year 0 PHP 5,000,000.00 PHP (5,000,000.00)

Year 1 PHP 16,511,655.21 PHP 16,037,406.88 PHP 474,248.33
Year 2 PHP 17,966,957.17 PHP 17,467,532.62 PHP 499,424.55
Year 3 PHP 31,640,702.37 PHP 30,675,607.93 PHP 965,094.44
Year 4 PHP 34,748,745.70 PHP 33,724,376.15 PHP 1,024,369.56
Year 5 PHP 41,490,119.90 PHP 44,581,109.87 PHP (3,090,989.96)
Year 6 PHP 45,478,413.59 PHP 43,850,075.49 PHP 1,628,338.10
Year 7 PHP 49,876,774.05 PHP 48,142,351.38 PHP 1,734,422.68
Year 8 PHP 54,639,577.35 PHP 52,793,657.95 PHP 1,845,919.40
Year 9 PHP 59,889,852.83 PHP 57,924,807.36 PHP 1,965,045.46
Year 10 PHP 65,674,725.23 PHP 63,582,352.32 PHP 2,092,372.91

FNPV
FIRR
BCR
ROI

Sensitivity Analysis
Revenue Decrease by 15% and Costs Increase by 15%

Investment Cost and

Revenue Net Cash Flow
Operating Costs

Year 0 PHP 5,000,000.00 PHP (5,000,000.00)

Year 1 PHP 15,594,341.03 PHP 16,766,379.92 PHP (1,172,038.89)
Year 2 PHP 16,968,792.88 PHP 18,261,511.38 PHP (1,292,718.50)
Year 3 PHP 29,882,885.57 PHP 32,069,953.74 PHP (2,187,068.17)
Year 4 PHP 32,818,259.83 PHP 35,257,302.33 PHP (2,439,042.50)
Year 5 PHP 39,185,113.24 PHP 46,607,523.95 PHP (7,422,410.71)
Year 6 PHP 42,951,835.06 PHP 45,843,260.74 PHP (2,891,425.68)
Year 7 PHP 47,105,842.16 PHP 50,330,640.08 PHP (3,224,797.92)
Year 8 PHP 51,604,045.28 PHP 55,193,369.68 PHP (3,589,324.40)
Year 9 PHP 56,562,638.78 PHP 60,557,753.15 PHP (3,995,114.37)
Year 10 PHP 62,026,129.38 PHP 66,472,459.24 PHP (4,446,329.86)

FNPV
FIRR
BCR
ROI
5%
 PHP 16,407,394.24
60%
1.10
101.87%

10%

PHP (1,491,255.16)
9%
0.99
18.28%

15%
(19,389,904.57)
Err:523
0.90
-65.32%
Schedule______: SCHEDULE OF ACQUISITION OF PROPERTY, PLANT & EQUIPMENT

Yr.
Property/Equipment Unit Price # of Units Total Price
Acquired

Land 500,000.00
Hauler trucks (forward) beg. of Yr 1 3,500,000.00 1.00 4,000,000.00
Weighing scale (digital) beg. of Yr 1 7,500.00 4.00 30,000.00
Total 4,530,000.00

Year 3
Hauler trucks (forward) end. of Yr 2 4,200,000.00 1.00 4,200,000.00
Grand Total 8,730,000.00
-

Schedule______: SCHEDULE OF DEPRECIATION

Yr. Est. Useful Annual

Property/Equipment Total Price
Acquired Life Depreciation

Land PHP 500,000.00

Hauler trucks (forward) beg. of Yr 1 4,000,000.00 10 PHP 400,000.00
Weighing scale (digital) beg. of Yr 1 30,000.00 10 3,000.00

Year 3
Hauler trucks (forward) end. of Yr 2 4,200,000.00 10.00 420,000.00
Total Annual Depreciation
Accumulated Depreciation
 YR 1 YR 2 YR 3 YR 4 YR 5

PHP 400,000.00 PHP 400,000.00 PHP 400,000.00 PHP 400,000.00 PHP 400,000.00
3,000.00 3,000.00 3,000.00 3,000.00 3,000.00

420,000.00
PHP 403,000.00 PHP 403,000.00 PHP 403,000.00 PHP 403,000.00 PHP 823,000.00
PHP 403,000.00 PHP 806,000.00 PHP 1,209,000.00 PHP 1,612,000.00 PHP 2,435,000.00

- - - - -
- - - - -
 YR 6 YR 7 YR 8 YR 9 YR 10

PHP 400,000.00 PHP 400,000.00 PHP 400,000.00 PHP 400,000.00 PHP 400,000.00
3,000.00 3,000.00 3,000.00 3,000.00 3,000.00

420,000.00 420,000.00 420,000.00 420,000.00 420,000.00

PHP 823,000.00 PHP 823,000.00 PHP 823,000.00 PHP 823,000.00 PHP 823,000.00
PHP 3,258,000.00 PHP 4,081,000.00 PHP 4,904,000.00 PHP 5,727,000.00 PHP 6,550,000.00

- - - - -
- - - - -
 Payback Period
Tinagacan Agrarian Reform Beneficiaries Cooeprative

Total Capital Investment 5,000,000.00

Years Net income Cummulative Total

1 3,363,822.77 PHP 3,363,822.77 1.00
2 3,680,710.63 PHP 7,044,533.40
3 6,866,419.67 PHP 13,910,953.07 PHP 1,636,177.23
4 7,548,193.68 PHP 21,459,146.74 PHP 3,680,710.63
5 8,948,851.53 PHP 30,407,998.27
6 9,844,865.67 PHP 40,252,863.94 0.44
7 10,829,863.86 PHP 51,082,727.80
8 11,893,407.00 PHP 62,976,134.79 1.44 >>Payback Period
9 13,062,365.13 PHP 76,038,499.93
10 14,346,778.45 PHP 90,385,278.38

Payback period = number of years when cummulative total net income is equal to total capital investment

Y1 Year Number before you break-even / number of years before you reach break-even year
X1 Cummulative total at year before you breakeven
X2 net income at break-even year

Payback period Y1+(((total capital-X1)/(X2))

1.44 1.44
yback Period
Break-even Analysis
Tinagacan Agrarian Reform Cooperative Beneficiaries

Note: Break-even analysis should be performed for each product

Whole Nuts
Particulars Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
Fixed Cost
Repair and maintenance 24,690.00 25,430.70 26,193.62 26,979.43 27,788.81 28,622.48
depreciation 403,000.00 403,000.00 403,000.00 403,000.00 823,000.00 823,000.00
selling and admin expenses 117,940.00 121,528.20 125,174.05 128,929.27 132,797.15 136,781.06
Total Fixed Cost 545,630.00 549,958.90 554,367.67 558,908.70 983,585.96 988,403.54

Variable Cost
Raw Materials 14,185,270.80 15,458,739.21 27,263,405.69 29,984,028.69 35,850,504.85 39,349,475.88
Transportation (fuel cost) 251,560.00 273,877.00 472,142.94 518,586.38 317,190.89 348,825.57
Total Variable Cost 14,436,830.80 15,732,616.21 27,735,548.63 30,502,615.07 36,167,695.74 39,698,301.45
Divided by: Volume
Variable Cost per unit
Selling Price
Contribution Margin Per Unit
Contribution Margin Ratio
BEP (kg)
BEP Sales (Php)

MASICAP MSME Development Foundation, Inc.Medium and Small scale Industries Coordinated Action Program II (MASICAP II)Butuan City Team 2014-2015
 Year 7 Year 8 Year 9 Year 10

29,481.15 30,365.59 31,276.55 32,214.85

823,000.00 823,000.00 823,000.00 823,000.00
140,884.49 145,111.03 149,464.36 153,948.29
993,365.64 998,476.61 1,003,740.91 1,009,163.14

43,211,448.88 47,397,870.46 52,016,411.84 57,109,201.43

383,959.46 420,887.43 461,763.03 506,773.90
43,595,408.34 47,818,757.89 52,478,174.87 57,615,975.33

MASICAP MSME Development Foundation, Inc.Medium and Small scale Industries Coordinated Action Program II (MASICAP II)Butuan City Team 2014-2015
Break-even Analysis
Tinagacan Agrarian Reform Beneficiaries Cooperative

Note: Break-even analysis should be performed for each product

Whole Nuts Year 1 Year 2 Year 3

Annual Fixed Cost 545,630.00 549,958.90 554,367.67
Selling Price 9.20 9.48 9.76

Unit Variable Cost 7.63 7.86 8.09

Total Variable Cost 14,436,830.80 15,732,616.21 27,735,548.63
Production Volume (kgs) 1,891,369.44 2,001,131.29 3,426,449.96

Contribution Margin Per Unit 1.57 1.61 1.67

Contribution Margin Ratio 17% 17% 17%

Break-Even Units 348,201.31 340,713.49 332,806.36

Break-even Sales 3,203,452.02 3,228,601.01 3,248,283.29

Average break-even Units 436,929.68

Average break-even sales 4,661,707.67
 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9
558,908.70 983,585.96 988,403.54 993,365.64 998,476.61 1,003,740.91
10.05 10.35 10.67 10.99 11.31 11.65

8.34 8.52 8.77 9.03 9.31 9.59

30,502,615.07 36,167,695.74 39,698,301.45 43,595,408.34 47,818,757.89 52,478,174.87
3,658,617.84 4,247,027.90 4,525,760.47 4,825,187.75 5,138,507.48 5,474,964.78

1.72 1.84 1.89 1.95 2.01 2.07

17% 18% 18% 18% 18% 18%

325,724.85 534,941.47 521,945.70 509,336.02 497,032.21 485,093.89

3,274,540.70 5,539,148.26 5,566,718.68 5,595,199.41 5,623,839.72 5,653,422.34

 Year 10
1,009,163.14
12.00

9.87
57,615,975.33
5,835,926.34

2.13

18%

473,501.52

5,683,871.24 PHP 46,617,076.67 PHP 4,661,707.67