Financial Aspect Aquino1

8/10/2019 Financial Aspect Aquino1

1/21

Re

Republic of the Philippine

City of Taguig

Taguig ity University

Gen. Santos Avenue Central Bicutan, Taguig City

CHAPTER V: Financial Aspect

A. Capitalization

B. Sourcing of Funding

C. Total Project Cost

D. Assumptions

E. Projected Sales Forecast

F. Projected Income Statement

G. Projected Balance Sheet

H. Projected Cash Flow

I. Financial Ratio Analysis

J. List of Fixed Asset with Depreciation

K. Inventory


2/21

Re


City of Taguig



A. CAPITALIZATION

Reaching Out Credit Cooperative Starting capital is FIVE MILLION TWO

HUNDRED FIFTY THOUSAND PESOS (Php 5,250,000.00)

B. SOURCING OF FUNDING

The capital sources is composed of 1,350.000 (one million three hundred fifty

thousand) Subscribe shares worth 105,000 (one thousand five hundred)

membership fee 1,895,000 (One million eight hundred ninety five thousand) are the


3/21

Re


City of Taguig



time deposit. 1,895,000 (One million eight hundred ninety five thousand) loan from

SUGARCANE credit cooperative.

C.TOTAL PROJECT COST

Item Unit Price Quantity Total

Cost

ConferenceTable Set

24,000 1 24,000

Office Table 1,500 6 9,000

Office Chair 912 7 6,348Filing Cabinet 4,720 1 4,720Filing CabinetWith VaultCabinet

10,000 1 10,000

L-shapedChair 700 2 1,400

TOTAL 55,504

Item Unit Price Quantity Total Cost

Computer w/

Printer

22,575 20 450,000


4/21

Re


City of Taguig



Telephone 700 6 4,200

Fax Machine 4.995 3 15,000

Ceiling Fan 865 6 2,595

Aircon 500 3 450,000

Wall Clock 300 1 300.00

Projector LCD 28,000 1 28,000

Emergency

Light

2,500 4 10,000

TOTAL 960,095

OFFICE SUPPLIES

Item Quantity Total Price

Bond Paper 1 rim 616.00

Folder 1 doz. 78.00

Envelop 1 doz. 72.00

Ballpen 10 pcs. 50.00

Pencil 10 pcs. 65.00

Calculator 15 2,385

Scissors 2 30.00

Permanent Ink 4 72.00

Stapler 1 115.00


5/21


6/21

Re


City of Taguig



Operating Expenses

Depreciation

Expense-OfficeEquipmentDepreciation

ExpenseFurniture &

Fixture

Salaries ExpenseSSS, Pag-ibig &Philhealth

AdvertisingExpense

AllowanceExpense

Training &Education Expense

Supplies ExpenseUtilities Expense

Office ExpenseExpense

Interest ExpenseAmortized

OrganizationalExpense

Taxes & LicensesExpense

-

-

297,02424,9127,622

198,000

15,0003,726

45,588540,000

74,995

2,669

17,194

297,02424,912

622198,000

15,0004,471

48,168

540,0078,74520,9752,000

2,699

17,194

297,02424,912

622198,000

15,0004,956

50,993540,0082,68220,9752,000

2,699

17,194

297,02424,912

622198,000

15,0005,455

54,088

540,00088,470

-2,000

2,699

17,194

297,02424,912

622198,000

15,0006,001

57,479

540,00094,633

-2,000

Total OperatingExpenses

1,206,867 1,249,780 1,257,027 1,245,434 1,255,563


7/21

Re


City of Taguig



ALLOWANCE

Year 1 Year 2 Year 3 Year 4 Year 5

Manager 60,000 60,000 60,000 60,000 60,000

BOD (5 COB) 90,000 90,000 90,000 90,000 90,000

Secretary 24,000 24,000 `24,000 24,000 24,000

Treasurer 24,000 24,000 24,000 24,000 24,000

TOTAL 198,000 198,000 198,000 198,000 198,000

SALARIES

Year 1 Year Year 3 Year 4 Year 5

Book Keeper 132,912 132,912 132,912 132,912 132,912

Cashier 132,912 132,912 132,912 132,912 132,912

TOTAL 265,824 265,824 265,824 265,824 265,824

E. PROJECTED SALES FORECAST

RETAINED EARNINGS

The retained earnings of the Credit and Consumer Cooperative come from the Net

Surplus after various funding.

Net Surplus after various funding:

Year 1 160,860


8/21

Re


City of Taguig



Year 2 164,595

Year 3 197,252

Year 4 262,166

Year 5 314,498

INTEREST INCOME

Interest income comes from the members loan multiplied by 2.5% monthly interest

rate.

Interest Income:

Year 1 781,725

Year 2 820,811

Year 3 861,852

Year 4 922,181

Year 5 986,734

F. PROJECTED INCOME STATEMENT

YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

InterestIncome

781,725 820,852 861,852 922,181 986,734

Other Income 174,800 183,540 192,717 206,207 220,642

Total Income 956,525 1,004,351 1,054,569 1,128,389 1,207,376

OperatingExpenses

DepreciationExpense-OfficeEquipment

2,699 2,699 2,699 2,699

DepreciationExpense-

17,194 17,194 17,194 17,194


9/21

Re


City of Taguig



Furniture &

FixturesSalariesExpenses

297,024 297,024 297,024 297,024 297,024

SSS, Pag-ibig& PhilHealthExpense

24,912 24,912 24,912 24,912 24,912

AdvertisingExpense

7,622 622 622 622 622

AllowanceExpense

198,000 198,000 198,000 198,000 198,000

Training &

AllowanceExpense

15,000 15,000 15,000 15,000 15,000

SuppliesExpense

3,726 4,471 4,956 5,455 6,001

UtilitiesExpense

45,588 48,168 50,993 54,088 57,479

Office RentExpense

540,000 540,000 540,000 540,000 540,000

InterestExpense

74,995 78,748 82,682 88,470 94,663

Amortized

OrganizationalExpense

- 20,975 20,975 - -

Taxes &LicenseExpense

- 2,000 2,000 2,000 2,000

TotalOperatingExpenses

744,867 787,780 795,027 783,434 793,563

Net Surplus 673,658 588,572 715,542 806,955 875,823

Reserve FundEducationaland TrainingFund (10%)Community

21,16621,1666,3502,117

160,860

21,65721,657

6.4972,166

164,595

25,95425,9547,7862,595

197,252

34,43534,43520,3493,450

262,166

48,38141,38212,424

4,138314,438


10/21

Re


City of Taguig



Developing

Fund (3%)Optional FundNet Surplusafter variousFunding

G. PROJECTED BALANCE SHEET

ISANG LAHI MULTI-PURPOSE COOPERATIVE

PROJECTED STATEMENT OF FINANCIAL POSITION

(In Philippine Peso)


ASSETS

Current

Assets

Cash 6,302,122 11,582,068 17,085,718 22,937,864 27,900,788

Loan

Receivable260,575 534,179 821,463 1,128,857 1,457,768

Interest

Receivable39,086 80,127 123,219 169,328 218,665

Organizational

Cost35,500 14,525 (6,450) (6,450) (6,450)

Prepaid

Supplies414 497 551 606 667

Total

Current

Assets

6,637,697 12,211,395 18,024,500 24,230,205 29,571,438

Non-Current

Assets


11/21

Re


City of Taguig



Office

Equipment

53,375 53,375 53,375 53,375 53,375

Accumulated

Depreciation-Office

Equipment

- (2,669) (5,338) (8,006) (10,675)

Furniture

and Fixture40,128 40,128 40,128 40,128 40,128

Accumulated

Depreciation-

Furniture andFixture

- (17,194) (34,388) (51,582) (68,776)

Total

Non-Current

Assets

93,503 73,640 53,778 33,915 14,052

TOTAL

ASSETS

6,731,200 12,285,036 18,078,278 24,264,120 29,585,490

LIABILITY

AND

MEMBERS

EQUITY

Current

Liabilities

Members 4,307,760 7,700,121 11,262,100 15,073,318 19,151,527

Deposit

Insurance

Fund

334,800 374,340 415,857 498,810 609,409


12/21

Re


City of Taguig



Salary and

Wages Payable

4,260 8,520 12,780 17,040 21,300

SSS Payable 2,392 2,392 2,392 2,392 2,392

Pag-ibig

Payable

400 400 400 400 400

Phil Health

Payable

500 500 500 500 500

WithholdingTax

compensation

payable

628 628 628 628 628

Total

Current

Liabilities

4,650,740 8,086,901 11,694,657 15,593,188 19,786,157

Equity

Members

Capital

1,250,000 3,169,600 5,122,680 7,110,914 7,886,060

Capital Build-

up

669,600 703,080 738,234 775,146 813,903

Retained

Earnings

160,860 325,455 522,707 784,872 1,099,370

Total Equity 2,080,460 4,198,135 6,383,621 8,670,932 9,799,333

TOTAL

LIABILITIES

AND

MEMBERS

EQUITY

6,731,200 12,285,036 18,078,278 24,264,120 29,585,490


13/21

Re


City of Taguig



H. PROJECTED CASH FLOW

ISANG LAHI MULTI-PURPOSE

COOPERATIVE

PROJECTED CASH FLOWS

Cash Flows

from

Operating

Activities


Profit (loss)

before Tax160,860 164,595 197,252 262,166 314,498

Adjustment

for :

DepreciationAmortization

40,838 40,838 19,863 19,863

Loan

Receivable(260,575) (273,604) (287,284) (307,394) (328,911)


14/21

Re


City of Taguig



Interest

Receivable

(39,086) (41,041) (43,093) (46,109) (49,337)

Organizational

Cost(35,500)

Prepaid

Supplies(414) (83)

Office Supplies

Bond Paper 1 rim 616.00Folder 1 dozen 78.00

Envelope 1 dozen 72.00

Ballpen 10 pcs. 50.00

Pencil 10 65.00

Calculator 15 2,385.00

Scissors 2 30.00

Permanent Ink 4 72.00

Stapler 1 115.00Staple Wire 10 222.00

Record Book 15 1,100

Columnar 4 100

Bulletin Board 15 6,375.00

Office Tools 1 755.00

Fire extinguisher 2 2,600

Total 14,643.00

Operating Expenses

Mayors Permit 1,500.00

Brgy. Clearance Permit

DTI 3,000.00

Sanitary Permit 5,500.00


15/21

Re


City of Taguig



Business Permit 8,000.00

Total 18,000.00

Salaries

Treasurer 15,000.00

Secretary 15,000.00

Manager 50,000.00

Clerk 10,000.00

Total 90,000.000


16/21

Re


City of Taguig



PAY SLIP


17/21


18/21

Re


City of Taguig



The retained earnings of the Credit and Consumer Cooperative come from

the Net Surplus after various funding.

After Various funding

Year 1 160,860

Year 2 164,595

Year 3 197,252

Year 4 262,166

Year 5 314,498

IX. INTEREST INCOME

Interest income comes from the members loan multiplied by 2.5% monthly

interest rate.

Interest Income:

Year 1 781,725

Year 2 820,811

Year 3 861,852

Year 4 922,181

Year 5 986,734

PAYROLL BUDGET FOR 2013

(In Peso Amount)


19/21

Re


City of Taguig



Months Bookkeeper Cashier Total

13-Jan 11,076.00 11,076.00 22,125.00

13-Feb 11,076.00 11,076.00 22,125.00

13-Mar 11,076.00 11,076.00 22,125.00

13-Apr 11,076.00 11,076.00 22,125.00

13-May 11,076.00 11,076.00 22,125.00

13-Jun 11,076.00 11,076.00 22,125.00

13-July 11,076.00 11,076.00 22,125.00

13-Aug 11,076.00 11,076.00 22,125.0013-Sep 11,076.00 11,076.00 22,125.00

13-Oct 11,076.00 11,076.00 22,125.00

13-Nov 11,076.00 11,076.00 22,125.00

13-Dec 11,076.00 11,076.00 22,125.00

TOTAL 128,820.00 128,820.00 265,824.00

PAYROLL BUDGET FOR 2014

(Increase by 5%)

(In Peso Amount)

Months Bookkeeper Cashier Total

14-Jan 10,735 10,735 21,470.00

14-Feb 10,735 10,735 21,470.00

14-Mar 10,735 10,735 21,470.00

14-Apr 10,735 10,735 21,470.00

14-May 10,735 10,735 21,470.00


20/21

Re


City of Taguig



14-Jun 10,735 10,735 21,470.00

14-July 10,735 10,735 21,470.00

14-Aug 10,735 10,735 21,470.00

14-Sep 10,735 10,735 21,470.00

14-Oct 10,735 10,735 21,470.00

14-Nov 10,735 10,735 21,470.00

14-Dec 10,735 10,735 21,470.00

TOTAL 128,820.00 128,820.00 21,470.00

PAYSLIP

CASHIER

PAYSLIP

Basic PayHoliday Pay

11,076.00

DeductionsWithholding Tax(10%)SSS ContributionSSS loanPag-ibig ContributionPhilHealth Contribution

314.041,196.00

100.00125.00


21/21

Re


City of Taguig



Total Deduction

Net Salary1,735.04 Php. 9,340.96

BOOKKEEPER

PAYSLIP

Basic PayHoliday Pay

11,076.00

DeductionsWithholding Tax(10%)SSS ContributionSSS loanPag-ibig ContributionPhilHealth Contribution

314.041,196.00

100.00125.00

Total Deduction

Net Salary1,735.04 Php. 9,340.96

Financial Aspect Aquino1

Documents

Transcript of Financial Aspect Aquino1