Schedule 1

Historical Demand
Year
Population
2010
919169
2011
934795
2012
950686
2013
966848
2014
983284
Projected Demand
Year
Population
2015
919169
2016
934795
2017
950686
2018
966848
2019
983284

Market Acceptability Rate

34%
34%
34%
34%
34%

Frequency of Availing Annually

Yi-1
5450
5450
5450
5450
5450

1
1
1
1
1

334317
339767
345217
350667
356117

Annual Demand
312517
317830
323233
328728
334317

Yc
339767
345217
350667
356117
361567

Schedule 2
Historical Supply
Year
Demand Supply Situation Rate Annual Supply
2010
312517
92%
287516
2011
317830
92%
292404
2012
323233
92%
297375
2013
328728
92%
302430
2014
334317
92%
307571
Projected Supply
Year
Demand Supply Situation Rate Annual Supply
2015
339767
92%
312585
2016
345217
92%
317599
2017
350667
92%
322613
2018
356117
92%
327627
2019
361567
92%
332641

Schedule 3
Assumptions:

Market Share Increase

Year
2015
2016
2017
2018
2019

10.00%

Demand-Supply Gap
Demand Gap
Target Market Share Percentage
27181
7%
27617
7.70%
28053
8.47%
28489
9.32%
28925
10.25%

Schedule 4
2015
Domestic
International
Passport Processing
a. Rush
b. Regular
Visa
2016
Domestic
International
Passport Processing
a. Rush
b. Regular
Visa
2017
Domestic
International
Passport Processing
a. Rush
b. Regular
Visa
2018
Domestic
International
Passport Processing
a. Rush
b. Regular
Visa
2019
Domestic

Annual Market Share

1903
1903

Base
Annual Market Share
Annual Market Share

731
731
1218

International Tickets
International Tickets
International Tickets

Annual Market Share

2127
2127

Base
Annual Market Share
Annual Market Share

817
817
1361

International Tickets
International Tickets
International Tickets

Annual Market Share

2376
2376

Base
Annual Market Share
Annual Market Share

912
912
1521

International Tickets
International Tickets
International Tickets

Annual Market Share

2654
2654

Base
Annual Market Share
Annual Market Share

1019
1019
1699

International Tickets
International Tickets
International Tickets

Annual Market Share

2964

Base
Annual Market Share

International
Passport Processing
a. Rush
b. Regular
Visa

2964

Annual Market Share

1138
1138
1897

International Tickets
International Tickets
International Tickets

Target Annual Market Share

1903
2127
2376
2654
2964

Percentage
36%
64%

Number of Clients
685
1218

35%
65%
15%

256
475
183

Percentage
36%
64%

Number of Clients
766
1361

35%
65%
15%

286
531
204

Percentage
36%
64%

Number of Clients
855
1521

35%
65%
15%

319
593
228

Percentage
36%
64%

Number of Clients
956
1699

35%
65%
15%

357
663
255

Percentage
36%

Number of Clients
1067

64%

1897

35%
65%
15%

398
740
285

Schedule 5.1
Commission per Ticket
Number of Clients
Total Income - Domestic

Commission Income
2015
2016
300
300
685
766
205491
229666

Commission per Ticket

Number of Clients
Total Income - International

800
1218
974179

800
1361
1088785

Service Income
Schedule 5.2
2015
2016
Service Fee
500
500
Number of Clients-Rush
256
286
Total Income - Passport Processing-Rush
127861
142903
Service Fee
Number of Clients-Regular
Total Income - Passport Processing-Regular
Service Fee
Number of Clients
Total Income - Visa Assistance
Schedule 5.3
Total Commission Income
Total Service Income
Total Income

2017

2018

300
855
256621

300
956
286670

800
1521
1216572

800
1699
1359027

2017

2018

500
319
159675

500
357
178372

300
475
142474

300
531
159235

300
593
177924

300
663
198758

500
183
91329

500
204
102074

500
228
114054

500
255
127409

1179669
361664
1541333

2016
1318451
404212
1722663

2017
1473192
451652
1924845

2018
1645697
504539
2150236

2015

2019
300
1067
320163
800
1897
1517809

2019
500
398
199212
300
740
221979
500
285
142295
2019
1837971
563486
2401458

Schedule 6
Monthly
Position
Manager
Accountant
Officer 1
Liaison 1
Total

Status

Gross Pay
20000
18000
12000
12000
62000

S
S
S
S

SSS
EE

ER
1209
1209
894
894
4205

581
581
436
436
2035

Annually
Position
Manager
Accountant
Officer 1
Liaison 1
Total

Status

Gross Pay

S
S
S
S

SSS
EE

ER
240000
216000
144000
144000
744000

14504
14504
10728
10728
50465

6976
6976
5232
5232
24415

581
581
436
436
2035

PHILHEALTH
EE
250
225
150
150
775

240000
216000
144000
144000
744000

6976
6976
5232
5232
24415

PHILHEALTH
EE
3000
2700
1800
1800
9300

193823
176123
122468
122468
6000

2016
193823
176123
122468
122468
6000

2017
193823
176123
122468
122468
6000

Monthly
Position
Manager
Accountant
Officer 1
Liaison 1
Total

Status

SSS
EE

Gross Pay

S
S
S
S

20000
18000
12000
12000
62000

Annually
Position
Manager
Accountant
Officer 1
Liaison 1
Total
Position
Manager
Accountant
Officer 1
Liaison 1
Computer Technician

Status

SSS
EE

Gross Pay

S
S
S
S

2015

Electrical Technician
Janitor
Total

Schedule 6.1
Net Cash Pay
SSS Contribution
PhilHealth Contribution
Pag-IBIG Contribution
Withholding Tax
Salary Expense
13th Month Pay
Total Salary Expense

2015

Schedule 6.2
Salaries Payable, beg
Net Cash Pay
Cash Paid
Salaries Payable, end

2015

Schedule 6.3
SSS Contribution Payable, beg
Increase in Contribution Payable
Cash Paid
SSS Contribution Payable, end

2015

Schedule 6.4
PhilHealth Contribution Payable, beg
Increase in Contribution Payable
Cash Paid
PhilHealth Contribution Payable, end

2015

Schedule 6.5
Pag-IBIG Contribution Payable, beg
Increase in Contribution Payable
Cash Paid
Pag-IBIG Contribution Payable, end

2015

Schedule 6.6
Withholding Tax Payable, beg
Increase in Contribution Payable
Cash Paid
Withholding Tax Payable, end

2015

6000
21600
648483

6000
21600
648483

6000
21600
648483

648483
24415
9300
4800
90602
777600
62000
839600

2016
648483
24415
9300
4800
90602
777600
62000
839600

2017
648483
24415
9300
4800
90602
777600
62000
839600

2016

2017

0
710483
710483
0

0
710483
710483
0

0
710483
710483
0

0
24415
0
24415

2016
24415
24415
24415
24415

2017
24415
24415
24415
24415

2016

2017

0
9300
0
9300

9300
9300
9300
9300
2016

9300
9300
9300
9300
2017

0
4800
0
4800

4800
4800
4800
4800

4800
4800
4800
4800

0
90602
0
90602

2016
90602
90602
90602
90602

2017
90602
90602
90602
90602

SSS
250
225
150
150
525

PHILHEALTH
EE
250
225
150
150
525

3000
2700
1800
1800
9300

PHILHEALTH
EE
3000
2700
1800
1800
9300

WITHHOLDING
PAG-IBIG
TAX
EE
100
2917
100
2417
100
1108
100
1108
400
7550

TOTAL
DEDUCTIONS
3848
3323
1794
1794
10760

NET PAYABLE
16152
14677
10206
10206
51240

WITHHOLDING
PAG-IBIG
TAX
EE
1200
35001
1200
29001
1200
13300
1200
13300
4800
90602

TOTAL
DEDUCTIONS
46177
39877
21532
21532
129117

NET PAYABLE
193823
176123
122468
122468
614883

TOTAL
1790
1790
1330
1330
6240

ER

SSS
TOTAL
21480
21480
15960
15960
74880

2018
193823
176123
122468
122468
6000

ER

2019
193823
176123
122468
122468
6000

TOTAL

100
100
100
100
400

PAG-IBIG
EE
100
100
100
100
400

1200
1200
1200
1200
4800

PAG-IBIG
EE
1200
1200
1200
1200
4800

ER
500
450
300
300
1550

TOTAL
6000
5400
3600
3600
18600

ER

6000
21600
648483

6000
21600
648483

2018
648483
24415
9300
4800
90602
777600
62000
839600

2019
648483
24415
9300
4800
90602
777600
62000
839600

2018

2019

0
710483
710483
0

0
710483
710483
0

2018
24415
24415
24415
24415

2019
24415
24415
24415
24415

2018

2019
9300
9300
9300
9300

2018

9300
9300
9300
9300
2019

4800
4800
4800
4800

4800
4800
4800
4800

2018
90602
90602
90602
90602

2019
90602
90602
90602
90602

200
200
200
200
800

WITHHOLDING
TAX
2917
2417
1108
1108
7550

TOTAL
2400
2400
2400
2400
9600

WITHHOLDING
TAX
35001
29001
13300
13300
90602

PAG-IBIG
TOTAL

PAG-IBIG

Schedule 7
Rent Payable, beg
Rent Expense
Rent Paid
Rent Payable, end

Monthly Rental

Number of Months

38800

12

Schedule 8
Advances to Lessor

Monthly Rental
38800

Number of Months
2

2015

2016

2017

2018

0
465600
465600
0

0
465600
465600
0

0
465600
465600
0

0
465600
465600
0

2015
77600

2016
77600

2017
77600

2018
77600

2019
0
465600
465600
0

2019
77600

Schedule 9.1
Computer
Computer Software
Printer
Fax Machine
Television
Air Conditioner
Water Dispenser
Total Equipment

Quantity
4
1
1
1
1
3
1

Cost
19000
50000
6800
11800
33000
8000
5000

Total Cost
Total Salvage Value
76000
7600
50000
5000
6800
680
11800
1180
33000
3300
24000
2400
5000
500
206600
20660

Quantity
1
2
3
2
2
2
1
1
1

Cost
5000
5100
1600
1100
12900
11200
10000
13400
24600

Total Cost
Total Salvage Value
5000
500
10200
1020
4800
480
2200
220
25800
2580
22400
2240
10000
1000
13400
1340
24600
2460
118400
11840

Quantity

Cost

Total Cost
Total Salvage Value
430000
0

Quantity

Cost

Total Cost
Total Salvage Value
755000
32500

Schedule 9.2
Cash Vault
Office Table
Clerical Chair
Customer's Chair
Couch
Shelf
Reservation Counter
Center Table
Table
Total Furniture and Fixtures

Schedule 9.3
Total Leasehold Improvements

Schedule 9.4
Total

Esimated Years
5
5
5
5
5
5
5

Esimated Years
5
5
5
5
5
5
5
5
5

Esimated Years
10

Esimated Years
10

2015
13680
9000
1224
2124
5940
4320
900
37188

Depreciation
2016
2017
13680
13680
9000
9000
1224
1224
2124
2124
5940
5940
4320
4320
900
900
37188
37188

2015
900
1836
864
396
4644
4032
1800
2412
4428
21312

Depreciation
2016
2017
900
900
1836
1836
864
864
396
396
4644
4644
4032
4032
1800
1800
2412
2412
4428
4428
21312
21312

2015
86000

Depreciation
2016
2017
86000
86000

2015
144500

Depreciation
2016
2017
144500
144500

2018
13680
9000
1224
2124
5940
4320
900
37188

2018
900
1836
864
396
4644
4032
1800
2412
4428
21312

2018
86000

2018
144500

2019
13680
9000
1224
2124
5940
4320
900
37188

2019
900
1836
864
396
4644
4032
1800
2412
4428
21312

2019
86000

2019
144500

2015
62320
41000
5576
9676
27060
19680
4100
169412

Carrying Value
2016
48640
32000
4352
7552
21120
15360
3200
132224

2015
4100
8364
3936
1804
21156
18368
8200
10988
20172
97088

Carrying Value
2016
3200
6528
3072
1408
16512
14336
6400
8576
15744
75776

2015
344000

Carrying Value
2016
258000

2015
610500

Carrying Value
2016
466000

Carrying Value
2017
34960
23000
3128
5428
15180
11040
2300
95036
Carrying Value
2017
2300
4692
2208
1012
11868
10304
4600
6164
11316
54464

Carrying Value
2017
172000

2018
21280
14000
1904
3304
9240
6720
1400
57848

2018
1400
2856
1344
616
7224
6272
2800
3752
6888
33152

2018
86000

Carrying Value
2017
2018
321500
177000

2019
7600
5000
680
1180
3300
2400
500
20660

2019
500
1020
480
220
2580
2240
1000
1340
2460
11840

2019
0

2019
32500

2015
13680
9000
1224
2124
5940
4320
900
37188

Accumulated Depreciation
2016
2017
2018
27360
41040
54720
18000
27000
36000
2448
3672
4896
4248
6372
8496
11880
17820
23760
8640
12960
17280
1800
2700
3600
74376
111564
148752

2019
68400
45000
6120
10620
29700
21600
4500
185940

2015
900
1836
864
396
4644
4032
1800
2412
4428
21312

Accumulated Depreciation
2016
2017
2018
1800
2700
3600
3672
5508
7344
1728
2592
3456
792
1188
1584
9288
13932
18576
8064
12096
16128
3600
5400
7200
4824
7236
9648
8856
13284
17712
42624
63936
85248

2019
4500
9180
4320
1980
23220
20160
9000
12060
22140
106560

2015
86000

Accumulated Depreciation
2016
2017
2018
172000
258000
344000

2019
430000

2015
144500

Accumulated Depreciation
2016
2017
2018
289000
433500
578000

2019
722500

Schedule 10.1
Ballpen
Bond Paper (short)
Carbon Paper
Cash Register Tape
Clipboard
Columnar notebook
Correction Fluid
Cutter
Expandable Folder
Fastener
Fire Extinguisher
Folder (short)
Glue
Highlighter
Masking Tape
Paper Clip (33mm)
Pay Slip Envelope
Pencil
Permanent Marker
Printers Ink (black)
Printers Ink (colored)
Puncher
Record Book
Rubber Band
Ruler (12)
Scissors
Scotch Tape
Sharpener
Stamping Dater
Stamp Pad Ink
Stapler
Staple Wires (#35)
Time Card
White Board (2X3ft.)
White Board Marker
White Board Eraser
TOTAL

Unit Price
40
149
12
20
75
34
35
27.75
15
22.5
1500
3
20
24
30
6.75
13.25
20.75
19
390
390
89
60
166
14
18
21
14.7
74.75
27
57.75
23
74
825
23.75
12.5

Quantity

Total Cost
5
5
3
40
2
6
5
5
10
1
2
15
3
5
5
2
1
5
5
5
5
2
2
2
2
2
5
2
1
5
3
10
2
1
5
2

200
745
36
800
150
204
175
138.75
150
22.5
3000
45
60
120
150
13.5
13.25
103.75
95
1950
1950
178
120
332
28
36
105
29.4
74.75
135
173.25
230
148
825
118.75
25
12680

Schedule 10.2
Office Supplies, beg
Purchases
Office Supplies, end
Office Supplies Expense

2015
0
12680
634
12046

2016
634
11150
589
11195

2017
589
11373
598
11364

2018
598
11600
610
11589

2019
610
11832
622
11820

Schedule 11.1
Computer
Printer
Fax Machine
Television
Air Conditioner
Water Dispenser
LED Light Builb
Total Electricity Expense
Schedule 11.2
Water

Quantity
4
1
1
1
3
1
6

m3/Month
Less than 10m3

Wattage (kW)
0.049
0.480
0.250
0.322
1.440
0.090
0.020

Hours
8
8
8
8
8
8
8

Rate per kW/h

5.190
5.190
5.190
5.190
5.190
5.190
5.190

Minimum Charge Monthly Cost

189
189

Annual Cost
2272

Monthly Cost
350

Annual Cost
4200

Monthly Cost
1899
1899
599
599
599
599

Annual Cost
22788
7188
7188

Schedule 11.3
Drinking Water

Quantity/Month
10

Price

Schedule 11.4
PLDT Subscription Plan
Postpaid - Smart
Postpaid - Globe

Quantity/Month
1
1
1

Price

Schedule 11.5
Electricity
Water
Drinking Water
PLDT Subsription Plan
Postpaid - Smart
Postpaid - Globe
Total Utilities Expense

2015
62375
2272
4200
22788
7188
7188
106011

2016
63622
2295
4200
22788
7188
7188
107281

2017
64895
2318
4200
22788
7188
7188
108576

2018
66192
2341
4200
22788
7188
7188
109897

Schedule 11.5
Utilities Payable, beg
Total Utilities Expense
Total Utilities Paid
Utilities Payable, end

2015
0
106011
106011
0

2016
0
107281
107281
0

2017
0
108576
108576
0

2018
0
109897
109897
0

35

Daily Cost
8.138
19.930
10.380
13.369
179.366
3.737
4.982
239.903

2019
67516
2364
4200
22788
7188
7188
111245
2019
0
111245
111245
0

Days of Operation
260
260
260
260
260
260
260

Annual Cost
2116
5182
2699
3476
46635
972
1295
62375

Schedule 12.1
Promotional Posters 18x24
Tarpaulin 30 sq. ft.
Leaflets 3x8
Foldable fans
Calling Cards
Total

Quantity Cost
Total Cost
20
50
1000
10
900
9000
5000
2
10000
2000
10
20000
5000
1
5000
45000

Schedule 12.2
Advertising Payable, beg
Advertising Expense
Cash Paid
Advertising Payable, end

2015
0
45000
45000
0

2016
0
45900
45900
0

2017

2018

2019

46818
46818
0

47754
47754
0

48709
48709
0

Schedule 13.1
Procedures to Register Business
1.Register the company with the Securities and Exchange Commission (SEC)
2. Notarize articles of co-partnership and treasurer's affidavit at the notary
3. Register the company with the BIR and receive pre-registered Taxpayer
Identification Number (TIN) from the BIR
4. Obtain barangay clearance
5. Pay the annual community tax and obtain the community tax certificate (CTC) from
the City Treasurer's Office (CTO)
6. Obtain the business permit to operate from the BPLO
7. Buy special books of account at bookstore
8. Apply for Certificate of Registration (COR) and TIN at the Bureau of Internal Revenue
(BIR)
9. Pay the registration fee and documentary stamp taxes (DST) at the AAB
10. Obtain the authority to print receipts and invoices from the BIR
11. Print receipts and invoices at BIR
12. Have books of accounts and Printers Certificate of Delivery (PCD) stamped by the
BIR
13. Register with the Social Security System (SSS)
14. Register with the Philippine Health Insurance Company (PhilHealth)
15. Register with Home Development Mutual Fund (Pag-ibig)
Total Registration Cost
Yearly Accreditation Fee
Total Permit and Licences

Cost

Schedule 13.2
Permit and Licences Payable, beg
Permit and Licences Fee
Cash Paid
Permit and Licences Payable, end

2015

2400
500
500
250
500
5400
400
115
5700
No charge
3500
No charge
No charge
No charge
No charge
19265
1100
20365

0
20365
20365
0

2016
0
1100
1100
0

2017
0
1100
1100
0

2018
0
1100
1100
0

2019
0
1100
1100
0

Schedule 14
Miscellaneous Payable, beg
Hiring and Training
Transportation
Repairs and Maintenance
Total Miscellaneous Expense
Cash Paid
Miscellaneous Payable, end

2015
0
5000
50000
15000
70000
70000
0

2016
0
0
50000
15000
65000
65000
0

2017
0
0
50000
15000
65000
65000
0

2018
0
0
50000
15000
65000
65000
0

2019
0
0
50000
15000
65000
65000
0

Schedule 15
Note Payable, beg
Notes Issued
Notes Paid
Note Payable, end
Schedule 16
Interest Payable, beg
Interest Expense
Interest Paid
Interest Payable, end
Schedule 18
Income Tax Payable (Benefit), beg
Income Tax Expense
Income Tax Paid
Income Tax Payable (Benefit), end

2015
0
500000
0
500000

2016
500000
0
0
500000

2017
500000
0
0
500000

2018
500000
0
0
500000

2019
500000
0
0
500000

2015
0
60000
60000
0

2016
0
60000
60000
0

2017
0
60000
60000
0

2018
0
60000
60000
0

2019
0
60000
60000
0

2015
0
-88715
0
-88715

2016
-88715
-7005
0
-95721

2017
-95721
72914
0
-22806

2018
-22806
162078
22806
116466

2019
116466
261553
116466
261553

Schedule 17.1
Gross Receipts
Commission Income
Service Income
Total Receipts subject to VAT
Rate
Total Output VAT

2015

Schedule 17.2
Gross Payments
Payment for Capital Assets
Rent Paid
Office Supplies
Utilities
Advertising
Miscellaneous
Total Payments subject to VAT
Rate
Total Input Taxes

2015

Schedule 17.3
VAT Payable, beg
Output VAT
Input VAT
VAT Payable
VAT Paid
VAT Payable, end

2015

1179669
361664
1541333
1/9
165143

755000
543200
12680
106011
45000
70000
1531891
1/9
164131

0
165143
164131
1012
1012
0

2016

2017

2018

2019

1318451
404212
1722663
1/9
184571

1473192
451652
1924845
1/9
206233

1645697
504539
2150236
1/9
230382

1837971
563486
2401458
1/9
257299

2016

2017

2018

2019

0
465600
11150
107281
45900
65000
694931
1/9
74457

0
465600
11373
108576
46818
65000
697367
1/9
74718

0
465600
11600
109897
47754
65000
699852
1/9
74984

0
465600
11832
111245
48709
65000
702387
1/9
75256

2016
1012
184571
74457
111126
111126
0

2017
111126
206233
74718
242641
242641
0

2018
242641
230382
74984
398040
398040
0

2019
398040
257299
75256
580083
580083
0

SAFE AND SOUND TRAVEL AGENCY

Comparative Statement of Comprehensive Income
For Years Ended 2015, 2016, 2017, 2018

Commission Income
Service Income
Total Income
Operating Expenses
Salary Expense
Rent Expense
Depreciation Expense
Office Supplies Expense
Utilities Expense
Advertising Expense
Permit and Licenses
Miscellaneous Expense
Interest Expense
Net Income
Income Tax Expense (Benefit)
Net Income after Taxes

Schedule
5.1
5.2
5.3
6.1
7
9.4
10.2
11.5
12.2
13.2
14
16
17

2015
1179669
361664
1541333

2016
1318451
404212
1722663

2017
1473192
451652
1924845

839600
465600
144500
12046
106011
45000
20,365
70000
60000
-221788
-88715
-133073

839600
465600
144500
11195
107281
45900
1,100
65000
60000
-17513
-7005
-10508

839600
465600
144500
11364
108576
46818
1,100
65000
60000
182286
72914
109372

ncome
8
2018
1645697
504539
2150236

2019
1837971
563486
2401458

839600
465600
144500
11589
109897
47754
1,100
65000
60000
405196
162078
243117

839600
465600
144500
11820
111245
48709
1,100
65000
60000
653883
261553
392330

SAFE AND SOUND TRAVEL AGENCY

Comparative Statement of Changes in Owner's Equity
For Years Ended 2015, 2016, 2017, 2018

Capital, 01/01/15
Net Income, 2015
Capital, 01/01/16
Net Income, 2016
Capital, 01/01/17
Net Income, 2017
Capital, 01/01/18
Net Income, 2018
Capital, 01/01/19
Net Income, 2019
Capital, 31/12/19

Abariso, Capital
200000
-22179
177821
-1751
176070
18229
194298
40520
234818
65388
300206

Cruz, Capital
200000
-22179
177821
-1751
176070
18229
194298
40520
234818
65388
300206

Dalangin, Capital
200000
-22179
177821
-1751
176070
18229
194298
40520
234818
65388
300206

FE AND SOUND TRAVEL AGENCY

Statement of Changes in Owner's Equity
ears Ended 2015, 2016, 2017, 2018
Espiritu, Capital
200000
-22179
177821
-1751
176070
18229
194298
40520
234818
65388
300206

Fernandez, Capital
200000
-22179
177821
-1751
176070
18229
194298
40520
234818
65388
300206

Mateo, Capital
200000
-22179
177821
-1751
176070
18229
194298
40520
234818
65388
300206

Total
1200000
-133073
1066927
-10508
1056419
109372
1165791
243117
1408908
392330
1801238

SAFE AND SOUND TRAVEL AGENCY

Comparative Statement of Financial Position
For Years Ended 2015, 2016, 2017, 2018
Schedule

2015

2016

2017

CF
10.2

918595
634
919229

1045627
589
1046216

1372404
598
1373002

8.0
9.1
9.2
9.3
17

77600
169412
97088
344000
88715
776815
1696044

77600
132224
75776
258000
95721
639321
1685536

77600
95036
54464
172000
22806
421906
1794908

6.3
6.4
6.5
6.6
18

24415
9300
4800
90602
0
129117

24415
9300
4800
90602
0
129117

24415
9300
4800
90602
0
129117

15

500000

500000

500000

758234

758234

758234

177821
177821
177821
177821
177821
177821
1066927

176070
176070
176070
176070
176070
176070
1056419

194298
194298
194298
194298
194298
194298
1165791

1825161

1814653

1924025

-129117

-129117

-129117

Assets
Current Assets
Cash
Office Supplies
Total Current Assets
Noncurrent Assets
Advances to Lessor
Equipment, net
Furniture and Fixtures, net
Leasehold Improvements, net
Income Tax Benefit
Total Noncurrent Assets
Total Assets
Liabilities
Current Liabilities
SSS Contribution Payable
PhilHealth Contribution Payable
Pag-IBIG Contribution Payable
Withholding Tax Payable
Income Tax Payable
Total Current Liabilities
Noncurrent Liabilities
Notes Payable
Total Liabilities
Shareholder's Equity
Abariso, Capital
Cruz, Capital
Dalangin, Capital
Espiritu, Capital
Fernandez, Capital
Mateo, Capital
Total Shareholer's Equity
Total Liabilities and Shareholder's Equity
Check

2018

2019

1899282
610
1899891

2581187
622
2581809

77600
57848
33152
86000
0
254600
2154491

77600
20660
11840
0
0
110100
2691909

24415
9300
4800
90602
116466
245583

24415
9300
4800
90602
261553
390670

500000

500000

991166

1281341

234818
234818
234818
234818
234818
234818
1408908

300206
300206
300206
300206
300206
300206
1801238

2400075

3082579

-245583

-390670

SAFE AND SOUND TRAVEL AGENCY

Comparative Statement of Cash Flows
For Years Ended 2015, 2016, 2017, 2018
2015

2016

2017

2018

2019

Cash flow from Operating Activities

Gross Receipts
Salary Paid
Rent Paid
Office Supplies Paid
Utilities Paid
Advertising Paid
Permit and Licences Paid
Miscellaneous Paid
Advances to Lessor
SSS Contribution Paid
PhilHealth Contribution Paid
Pag-IBIG Contribution Paid
Withholding Tax Paid
Income Tax Paid

1541333
710483
465600
12680
106011
45000
20365
70000
77600
0
0
0
0
0

1722663
710483
465600
11150
107281
45900
1100
65000
0
24415
9300
4800
90602
0

1924845
710483
465600
11373
108576
46818
1100
65000
0
24415
9300
4800
90602
0

2150236
710483
465600
11600
109897
47754
1100
65000
0
24415
9300
4800
90602
22806

2401458
710483
465600
11832
111245
48709
1100
65000
0
24415
9300
4800
90602
116466

Cash flow from Investing Activities

Purchase of Equipment
Purchase of Furniture and Fixtures
Purchase of Leasehold Improvements

206600
118400
430000

0
0
0

0
0
0

0
0
0

0
0
0

1200000
500000
60000

0
0
60000

0
0
60000

0
0
60000

0
0
60000

918595
0
918595

127032
918595
1045627

326777
1045627
1372404

526878
1372404
1899282

681905
1899282
2581187

Cash Flow from Financing Activities

Original Investment
Issuance of Notes payable
Interest Paid
Net Cash Flow
Cash Balance, beg
Cash Balance, end

Financial Evaluation Measures

2015

2016

2017

2018

2019

Liquidity Ratio
A.Working Capital= Current
790111.68
Assets-Current
917098.60
Liabilities
1243884.70 1654308.27 2191138.22
B. Current Asset Ratio=Current Assets/Current
7.12
8.10
Liabilities10.63
7.74
6.61
C. Acid Test Ratio=Quick Assets/Current
7.11
Liabilities
8.10
10.63
7.73
6.61
Profitability Ratio
A. Net Profit Margin = Net Income
-9%
/ Sales -1%
B. Return on Investment = Net Income
-12% / Capital
-1%
C. Return on Asset = Net Income-8%
/ Total Assets
-1%
Asset Management Ratio
Total Assets Turnover = Sales / 0.91
Total Assets1.02

6%
9%
6%

1.07

Debt Management Ratio

A. Debt Ratio = Total Liabilities /0.45
Total Assets0.45
0.42
B. Debt/ Equity Ratio = Total Liabilities
0.71 / Total
0.72
Owners Equity
0.65

11%
17%
11%

1.00

0.46
0.70

16%
22%
15%

0.89

0.48
0.71

Capital Budgeting Evaluation Measures

Payback Period:
Year
RemainingCash
amount
Flowsof investment to recover
1 1015645
918595
2
97050
127032
Payback Period:
Net Present Value:

NPV=
Profitability Index:

1.76 years

Required Rate of Return

15%(assumption)
Year
Cash Flows
1
918595
2
127032
3
326777
4
526878
5
681905
734320.03
1.72