Statement of Cost of Good Sold

Sweets 'n Treats

December 31,2020
1st 2nd 3rd 4th 5th
Inventory Beginning - 210,199 417,794 622,053 886,309
Add Purchases 295,296 301,202 307,226 313,370 319,638
Total Goods Available for Sale 295,296 511,401 725,020 935,423 1,205,947
Less Ending Inventory 85,097 93,607 102,967 49,114 54,025
Total Cost of Good Sold 210,199 417,794 622,053 886,309 1,151,922

Statement of Financial Performance

Sweets 'n Treats
December 31,2020
Sales 1,860,480 1,916,294 1,973,783 2,032,997 2,093,987
Less Cost of Good Sold 210,199 417,794 622,053 886,309 1,151,922
Gross Profit 1,650,281 1,498,500 1,351,730 1,146,687 942,064
Less Administrative Expense 770,126 779,909 792,196 799,331 818,091
Net Income 880,155 718,592 559,534 347,356 123,974

Statement of Changes in Owner's Equity

Sweets 'n Treats
December 31,2020
Capital Beginning 900,000 1,780,155 2148746.44 2,358,280 2355636.37
Add Net Income 880,155 718,592 559,534 347,356 123,974
Total 1,780,155 2,498,746 2708280.43 2,705,636 2479610.06
Less Withdrawal - (350,000) (350,000) (350,000) (350,000)
Capital Ending 1,780,155 2,148,746 2358280.43 2,355,636 2,129,610
 Statement of Financial Position
Sweets 'n Treats
December 31,2020
Asset
Cash 1,637,445 2,146,362 2,688,890 3,266,185 3,879,443
Merchandise Inventory 85,097 93,607 102,967 49,114 54,025
Furnitures and Fixtures 18,000 18,000 18,000 18,000 18,000
Accumulated Depreciation (6,000) (12,000) (18,000) (18,000) (18,000)
Equipments 66,300 66,300 66,300 66,300 66,300
Accumulated Depreciation (18,200) (35,133) (47,300) (54,300) (61,300)
Tools 7,970 7,970 7,970 7,970 7,970
Accumulated Depreciation (7,170) (7,970) - - -
Total Assets 1,783,442 2,277,136 2818827 3335268.834 3946437.88

SSS, Phil Health, PAG-IBIG 3,288

Capital 1,780,155 2,148,746 2358280.43 2,355,636 2129610.06
1,783,442 2,148,746 2,358,280 2,355,636 2,129,610
 Statement of Cash Flow
Sweets 'n Treats
December 31,2020
Cash Flow from Operating Activities
Cash Sales 1,860,480 1,916,294 1,973,783 2,032,997 2,093,987
Purchases (295,296) (301,202) (307,226) (313,370) (319,638)
Salaries (536,712) (553,500) (567,338) (581,521) (596,059)
SSS, Phil Health, PAG-IBIG (58,232) (59,688) (61,180) (62,710) (64,278)
Rent (42,000) (42,000) (42,000) (42,001) (42,002)
Utilities (48,000) (49,200) (50,430) (51,691) (52,983)
Permit and License (5,524) (5,662) (5,804) (5,949) (6,097)
Employees Benefits (45,000) (46,125) (47,278) (48,460) (49,672)
Net Cash provided from Operating Activities 829,715 858,917 892,528 927,295 963,258
Cash Flow from Investing Activities
Furnitures and Fixtures (18,000)
Equipments (66,300)
Tools (7,970)
Net Cash provided from Operating Activities (92,270) - - - -

Cash Flow from Operating Activities

Investment 900,000
Withdrawals - (350,000) (350,000) (350,000) (350,000)
Net Cash provided from Operating Activities 900,000 (350,000) (350,000) (350,000) (350,000)
Increase (Decrease) of Cash 1,637,445 508,917 542,528 577,295 613,258
Cash Balance, beg - 1,637,445 2,146,362 2,688,890 3,266,185
Cash Balance, ending 1,637,445 2,146,362 2,688,890 3,266,185 3,879,443
 Meals on the Wheels
Statement of Financial Performance
For the year ended December 31, 2021
2021 2022 2023 2024 2025
Revenues 1388400 1,457,820 1530711 1,607,247 1687608.88
Less Expenses
Salaries 845,928 871,306 897,445 924,368 952,099
SSS, Phil Health, PAG-IBIG 72,918 74,376 75,864 77,381 78,929
Rent 60,000 60,000 60,000 60,000 60,000
Utilities 30,000 30,600 31,518 32,464 33,437
Permit and License 5,204 5,360 5,521 5,687 5,857
Employees Benefits 70,494 74,019 77,720 81,606 85,686
Advertising Expense 2,000 2,060 2,122 2,185 2,251
Total 1,086,544 1,117,721 1150189 1,183,690 1218259.45
Net Income 301,856 340,099 380,522 423,556 469,349

Growth 5% 5% 5% 5% 5%

Meals on the Wheels

Statement of Changes in Owner's Equity
For the year ended December 31, 2021
2021 2022 2023 2024 2025
Capital Beginning 1000000 1,301,856 1491955.46 1722477.453 1996033.57
Add Net Income 301,856 340,099 380,522 423,556 469,349
Total 1,301,856 1,641,955 1872477.45 2146033.566 2465383
Less Withdrawal - 150,000 150,000 150,000 150,000
Capital Ending 1,301,856 1,491,955 1722477.45 1996033.566 2315383

Meals on the Wheels

Statement of Financial Position
For the year ended December 31, 2021
2021 2022 2023 2024 2025
Asset
Cash 714,856 1204955.46 1735477.45 2,309,034 2928383
Office Supplies 10,070 10,070 5,035 2,518 1,259
Furnitures and Fixtures 20,000 20,000 20,000 20,000 20,000
Sanitary Supplies 5,000 5,000 5,000 5,000 5,000
Machineries and Equipments 550,000 495,000 445,500 400,950 360,855
Maintenance Supplies 10,000 4,000 4,000 4,000 4,000
Total Assets 1,309,926 1739025.46 2215012.45 2741501.066 3319496.74
Liabilities and Owner's Equity
SSS, Phil Health, PAG-IBIG 72,918 74,376 75,864 77,381 78,929
Capital 1,301,856 1,491,955 1722477.45 1,996,034 2315383
Total Liabilities and Owner's Equity 1,374,774 1,566,332 1798341.09 2,073,414 2394311.52

Meals on the Wheels

Statement of Cash Flows
For the year ended December 31, 2021
2021 2022 2023 2024 2025
Cash Flow from Operating Activities
Cash Sales 1388400 1,457,820 1,530,711 1,607,247 1,687,609
Salaries 845,928 871,306 897,445 924,368 952,099
SSS, Phil Health, PAG-IBIG 72,918 74,376 75,864 77,381 78,929
Rent 60,000 60,000 60,000 60,000 60,000
Utilities 30,000 30,600 31,518 32,464 33,437
Permit and License 5,204 5,360 5,521 5,687 5,857
Employees Benefits 70,494 74,019 77,720 81,606 85,686
Advertising Expense 2,000 2,060 2,122 2,185 2,251
Net Cash provided from Operating Activities 301,856 340,099 380,522 423,556 469,349
Cash Flow from Investing Activities
Furnitures and Fixtures 20,000
Machineries and Equipments 550,000
Maintenance Supplies 10,000
Sanitary Supplies 5000
Office Supplies 2,000
Net Cash provided from Operating Activities 587,000 - - - -
Cash Flow from Operating Activities
Investment 1,000,000
Withdrawals - 150,000 150000 150000 150000
Net Cash provided from Operating Activiti 1000000 150,000 150,000 150,000 150,000
Increase (Decrease) of Cash 714,856 490,099 530,522 573,556 619,349
Cash Balance, beg - 714,856 1204955.46 1735477.453 2309033.57
Cash Balance, ending 714,856 1204955.46 1735477.45 2309033.566 2928383
 Chart Title
₱12.00

₱10.00

₱8.00

₱6.00

₱4.00

₱2.00

₱0.00
1 2 3
Schedule 1 Administrative Expense
Schedule of Administrative Expense
2020 2021 2,022 2,023 2,024
Salaries 540,000 553,500 567,338 581,521 596,059
SSS, Phil Health, PAG-IBIG 58,232 59,688 61,180 62,710 64,278
Rent 42,000 42,000 42,000 42,001 42,002
Utilities 48,000 49,200 50,430 51,691 52,983
Permit and License 5,524 5,662 5,804 5,949 6,097
Employees Benefits 45,000 46,125 47,278 48,460 49,672
Depreciation Expense 31,370 23,733 18,167 7,000 7,000
Total Administrative Expen 770,126 779,909 792,196 799,331 818,091

Schedule 2 Purchases
Schedule of Purchases
Milk 54,000 55,080 56,182 57,305 58,451
Ice cubes 21,600 22,032 22,473 22,922 23,381
Tapioca Pearl 2,400 2,448 2,497 2,547 2,598
Flavors 45,000 45,900 46,818 47,754 48,709
Straws 4,800 4,896 4,994 5,094 5,196
Cups and lids 38,400 39,168 39,951 40,750 41,565
All purpose flour 3,840 3,917 3,995 4,075 4,157
Salt 3,000 3,060 3,121 3,184 3,247
Butter 4,800 4,896 4,994 5,094 5,196
Chocolate chips 7,200 7,344 7,491 7,641 7,794
Baking soda 4,800 4,896 4,994 5,094 5,196
Brown sugar 6,480 6,610 6,742 6,877 7,014
White sugar 5,376 5,484 5,593 5,705 5,819
Eggs 21,600 22,032 22,473 22,922 23,381
Marshmallow 7,200 7,344 7,491 7,641 7,794
Condense milk 37,800 38,556 39,327 40,114 40,916
Graham crushed 27,000 27,540 28,091 28,653 29,226
 Total Purchases 295,296 301,202 307,226 313,370 319,638
Schedule 3 Employee Benefits
Schedule of Employee Benefits
Basic Salary
General Manager 13,000 13,000 13,000 13,000 13,000
Accountant 10,000 10,000 10,000 10,000 10,000
Pastry Chef 8,000 8,000 8,000 8,000 8,000
Cashier 7,000 7,000 7,000 7,000 7,000
Barista 7,000 7,000 7,000 7,000 7,000
Total 45,000 45,000 45,000 45,000 45,000

Schedule 4 Permit and License

Schedule of Permit and License
Business Permit 3,000 3,000 3,000 3,000 3,000
BIR 2,024 2,024 2,024 2,024 2,024
DTI 500 500 500 500 500
Total 5,524 5,524 5,524 5,524 5,524

Schedule 5 Sales
Schedule of Sales
Milktea 1,621,080 1661607 1,703,147 1,745,726 1,789,369
Cookies 171,000 175275 179,657 184,148 188,752
Graham Ball 68,400 ### 71,862.750 73,659.319 75,500.802
Total Sales 1,860,480 1,906,992 1,954,667 2,003,533 2,053,622

Schedule 6
Schedule of SSS,Pag-ibig and Philhealth E Basic Salary SSS PhilHealth PAG-IBIG Total
General Manager 13,000 11,612 1,950 3,120 16,682
Accountant 10,000 8,960 1,500 2,400 12,860
Pastry Chef 8,000 7,193 1,200 1,920 10,313
 Cashier 7,000 6,308 1,200 1,680 9,188
Barista 7,000 6,308 1,200 1,680 9,188
Total 45,000 40,382 7,050 10,800 58,232

Schedule 7
Schedule of SSS,Pag-ibig and Philhelath PaBasic Salary SSS Phil Health PAG-IBIG Total
General Manager 13,000 520 163 260 943
Accountant 10,000 400 125 200 725
Pastry Chef 8,000 320 100 160 580
Cashier 7,000 280 100 140 520
Barista 7,000 280 100 140 520
Total 45,000 1,800 588 900 3,288

Revenues 2021 2022 2023 2024 2025

- - - - -
- 0
Total Revenues -

Growth 5% 5% 5% 5% 5%

Daily Sales
Number Price Operation Cost Total Revenue Total Costs Profit
Scheduled Delivery 50 ₱60.00 ₱10.00 ₱3,000.00 ₱500.00 2500
Instant Delivery 30 ₱75.00 ₱10.00 ₱2,250.00 ₱300.00 1950
Total 80 ₱5,250.00 ₱800.00 4450

Weekly Sales ₱26,700.00

Monthly Sales 115700
Annual Sales 1388400

Expenses
Salaries 845928 871305.84 897445.0152 924368.365656 952099.417
SSS, Phil Health, PAG-IBIG 72917.76 74376.115 75863.637504 77380.9102541 78928.5285
Rent 60000 60000 60000 60000 60000
Utilities 30000 30600 31518 32463.54 33437.4462
Permit and License 5204 5360.12 5520.9236 5686.551308 5857.14785
Employees Benefits 70,494 74,019 77,720 81,606 85,686
Advertising Expense 2000 2060 2121.8 2185.454 2251.01762
Total 1086543.8 1117721 1150189.011304 1183690.43797 1218259.45

SSS Pag-IBIG PhilHealth Annual

18,000 12084 ₱4,320.00 ₱4,500.00
15,000 13701.6 ₱3,600.00 ₱3,000.00
13,000 5667.6 ₱3,120.00 ₱2,700.00

12,332 4824 ₱2,959.68 ₱2,550.00

12,162 4872 ₱2,918.88 ₱2,100.00
70,494 41,149 ₱16,918.56 ₱14,850.00 72917.76
Schedule 8
Schedule of Depreciation Expense
Depreciation Expense 2020 2021 2022 2023 2024
Equipment Acquisition Cost Annual Useful Life Depreciation
Aircon 15,000 5 3,000 3,000 3,000 3,000 3,000
Blender 1,500 2 750 750
Mixer 800 1.5 533 267
Chiller 10,000 10 1,000 1,000 1,000 1,000 1,000
LPG 2,000 1.5 1,333 667
Oven 10,000 3 3,333 3,333 3,333
Computer 15,000 5 3,000 3,000 3,000 3,000 3,000
Printer 5,500 3 1,833 1,833 1,833
Stove 1,000 1.5 667 333
Cashier Machine 5,500 2 2,750 2,750
Total 66,300 18,200.00 16,933 12,167 7,000 7,000

Furniture and Fixtures Acquisition Cost Annual Useful Life Depreciation

Cashier Desk 8,000 3 2,667 2,667 2,667
Tables and Chairs 10,000 3 3,333 3,333 3,333
Total 18,000 6,000.00 6,000.00 6,000.00 - -
Depreciation Expense 2020 2021 2022 2023 2024
Tools Acquisition Cost Annual Useful Life Depreciation
Pot 1,400 1.5 933 467
Shaking Cup 600 1 600
Measuring Cup 200 1 200
Pump 600 1 600
Strainer 400 1 400
Container 400 1 400
Measuring Spoon 150 1 150
Scooper 320 1 320
Cookies Sheets 750 1 750
Baking Mat 750 1 750
Cooling Rack 1,000 1.5 667 333
Spatula 550 1 550
Rolling pin 400 1 400
Cookies Storage 200 1 200
Mixing Bowl 250 1 250
7,970 7,170 800 - - -
Total 92,270 - 31,370 23,733 18,167 7,000 7,000