Pre-Cost

The proposed business capital investmest is ₱ 3,000,000.00

Pre- Operating Expenses

PERMITS and LICENSES:
Barangay Clearance ₱ 150.00
Mayor's Permit 5,000.00
Business Clearance 500.00
Coomunity tax certificate 25.00
Occupational permit 270.00
BIR 500.00
DTI 2,000.00
Sanitary permit 90.00
Fire Safety Certificate 649.00 ₱ 9,184.00

Fixed Capital Cost

Delivery Equipment ₱ 175,000.00
Tools and Office Equipment ₱ 70,300.00
Furniture and Fixtures 80,104.00 ₱ 325,404.00

Working Capital (3 month)

Raw Materials 404,000 x 3 ₱ 1,212,000.00
Operating Expense (1 month)
Salaries ₱ 39,248.00
SSS HDMF and PHIC Contributions ₱ 5,668.77
Transportation 8,000.00
Supplies 3,415.00
Rent Expense 20,000.00
Utilities 4,742.00 ₱ 81,073.77

Sub-Total ₱ 1,627,661.77

Cash On Hand ₱ 1,372,338.23

Total Proposed Business Cost ₱ 3,000,000.00

 WC EXTREME RICE
Projected Balanace Sheet
As of Dec. 31, Year 1-3

Year 1 Year 2 Year 3

ASSETS
Current Assets
Cash on Hand ₱ 4,426,022.38 ₱ 7,278,434.18 ₱ 10,491,856.52

Non- Current Asset

Tools & Equipment 245,300.00 245,300.00 ### 245,300.00
Furniture and Fixture 80,104.00 80,104.00 ### 80,104.00
Total ₱ 325,404.00 ₱ 325,404.00 ₱ 325,404.00
Less:
Accu. Depreciation 44,157.59 88,315.17 132,472.76
Net Book Value 281,246.41 237,088.83 ### 192,931.24

TOTAL ASSETS ₱ 4,707,268.79 ₱ 7,515,523.00 ### ₱ 10,684,787.76

Liabilities
Income Tax Payable ### 842,476.26 ### 1,793,255.69

EQUITY
Capital Beginning ₱ 3,000,000.00 ₱ 4,707,268.79 ₱ 6,673,046.74
Add: Net Income 1,707,268.79### 1,965,777.95 ### 2,218,485.33
Total Owner's Equity ₱ 4,707,268.79 ₱ 6,673,046.74 ₱ 8,891,532.07

TOTAL LIABILITIES &

EQUITY 4,707,268.79### 7,515,523.00 ### 10,684,787.76
 WC EXTREME RICE
Projected Income Statement
For the year Ended Dec. 31, Year 1-3

Year 1 Year 2

Sales ₱ 8,317,440.00 ₱ 9,149,184.00

Cost of Sales 4,848,000.00 5,332,800.00
Gross Profit 3,469,440.00 3,816,384.00

Less: Operating Expenses

Salaries and Wages 470,976.00 470,976.00
SSS, HDMF & PHIC Contributions 68,023.00 68,023.00
Office Supplies 5,240.00### 5,240.00
Utilities Expense 96,904.00 59,749.20
Rental 240,000.00 252,000.00
Permits and Licences Expenses 9,184.00 7,184.00
Delivery Expense 96,000.00 100,800.00
Depreciation Expenses 44,157.59 44,157.59
Total Operating Expenses ₱ 1,030,484.59 ₱ 1,008,129.79

Net Income ₱2,438,955.41 ₱2,808,254.21

Income Tax Expense (30%) 731,686.62 842,476.26
Net Income After Tax 1,707,268.79 1,965,777.95
 Year 3

₱ 10,064,102.00
5,866,080.00
4,198,022.00

470,976.00
68,023.00
5,240.00
62,736.66
264,600.00
7,184.00
105,840.00
44,157.59
₱ 1,028,757.25

₱3,169,264.75
950,779.43
2,218,485.33
 WC EXTREME RICE
Projected Cash Flow
For the year Ended Dec. 31, Year 1-3
Year 1 Year 2 Year 3
Operating Activities
Net Income (Loss) 1,707,268.79 2,808,254.21 3,169,264.75

Depreciation 44,157.59 44,157.59 44,157.59

Cash provided by Operating Activities 1,751,426.38 2,852,411.80 3,213,422.34

Investing Activities
Purchase of Tools and Equipment (245,300.00)
Purchase of Furniture and Fixtures (80,104.00)
Cash used for Investing Activities (325,404.00)### - ### -

Financing Activities
Initial Capital Contribution 3,000,000.00

Net Increase(Decrease) of Cash 4,426,022.38 ### 2,852,411.80 ### 3,213,422.34

Beginning Cash Balance - 4,426,022.38 7,278,434.18
Ending Cash Balance 4,426,022.38 ### 7,278,434.18 ### 10,491,856.52
 WC EXTREME RICE
Projected Statement of Changes in Partner's Equity
For the year Ended Dec. 31, Year 1-3

YEAR 1 YEAR 2 YEAR 3

Reforsado, Capital
Beginning Capital 750,000.00 1,176,817.20 1,668,261.69
Add: Share in Net Income 426,817.20 491,444.49 554,621.33
TOTAL 1,176,817.20 1,668,261.69 2,222,883.02

Rebalde, Capital 750,000.00### 1,176,817.20 ### 1,668,261.69

Beginning Capital 426,817.20### 491,444.49 ### 554,621.33
Add: Share in Net Income 1,176,817.20### 1,668,261.69 ### 2,222,883.02
TOTAL

Tantog, Capital 750,000.00### 1,176,817.20 ### 1,668,261.69

Beginning Capital 426,817.20### 491,444.49 ### 554,621.33
Add: Share in Net Income 1,176,817.20### 1,668,261.69 ### 2,222,883.02
TOTAL

Simborio, Capital 750,000.00### 1,176,817.20 ### 1,668,261.69

Beginning Capital 426,817.20### 491,444.49 ### 554,621.33
Add: Share in Net Income 1,176,817.20### 1,668,261.69 ### 2,222,883.02
TOTAL

TOTAL EQUITY 4,707,268.79### 6,673,046.74 ### 8,891,532.07

 WC EXTREME RICE
FINANCIAL STATEMENT ANALYSIS
For the year Ended Dec. 31, Year 1-3

YEAR 1 YEAR 2 YEAR 3

Gross Margin 3,469,440.00 3,816,384.00 4,198,022.00

Sales Revenue 8,317,440.00 9,149,184.00 10,064,102.00
Gross Margin Rate 42% 42% 42%

Net Income 1,707,268.79 1,965,777.95 2,218,485.33

Sales Revenue 8,317,440.00 9,149,184.00 10,064,102.00
Net Profit Rate 0.21 0.21 0.22

Net Income 1,707,268.79 1,965,777.95 2,218,485.33

Average Assets 4,707,268.79 7,515,523.00 10,684,787.76
Return on Investment 0.36 0.26 0.21

Net Cost of Investment 3,000,000.00

Net Cash Flow From
Operation 1,751,426.38
Payback period 1.71
DELIVERY EQUIPMENT
Acquisition Cost Useful Life Depreciation

175,000.00 10 17,500.00

TOOLS
Acquisition
Particular Cost Useful Life Depreciation
Push Cart 11,900.00 5 2,380.00
Rice Boxes 4,000.00 5 800.00
Scooper 700.00 5 140.00
Digital Weighing 3,000.00 5 600.00
Scale
TOTAL 19,600.00 3,920.00

OFFICE EQUIPMENT
Acquisition
Particular Cost Useful Life Depreciation
Air-conditioned 13,000.00 10 1,300.00
Television 5,000.00 5 1,000.00
Computer 20,000.00 8 2,500.00
Printer 5,000.00 7 714.29
CCTV Camera 4,500.00 8 562.5
Mobile Phones 3,200.00 5 640
TOTAL 50,700.00 6,716.79

FURNITURE AND FIXTURES

Acquisition
Particular Cost Useful Life Depreciation
Table 3,996.00 5 799.20
Office Desk 5,600.00 5 1,120.00
Swivel Chair 7,499.00 5 1,499.80
Office Chair 4,200.00 5 840.00
Cabinet 5,000.00 5 1000
Shelves 7,150.00 5 1430
Locker 33,219.00 5 6643.8
Bench 13,440.00 5 2688
TOTAL 80,104.00 16,020.80

TOTAL DEPRECIATION 44,157.59