Financial Aspect

Financial Assumptions

1. The incorporators contribute equal amount of investment to the corporation. The

5 incorporators will make an initial investment amounting to P10,000,000.00
each.
2. Office Supplies, Production Supplies, Clinical Supplies, Janitorial Supplies and
Utilities expenses are expected to increase 5% every year.
3. All depreciable assets for property, plant and equipment are depreciated using
Straight line method of depreciation over its useful life.
4. Salaries expense are held constant.
5. Withholding tax payable are computed per employee and total withholdings are
expected to be remitted on a monthly basis.
6. Raw materials are purchased on cash basis.
7. Income tax rate is at 25%.
8. Projected Quantity on Items sold for sales revenue is based on the proposed
volume as presented in marketing.
9. Sales on products are sold on cash basis.

Source of Financing

The ownership of the company is created in the form of corporation, specifically a

closed corporation and is limited only among the investors. The incorporators are willing
to put up straight cash totaling to P50,000,000.00. The project cost amounting to
P50,000,000.00 will be used as a start-up capital for the proposed business venture.

Projected Cost

The total cost of the proposed project is estimate to be around ₱50,000,000.00

which will be used to acquire resources such as equipment, machineries, and for the
payment for permits, licenses, and fees to legally operate the business. Estimated
projects cost is presented hereunder:

Project Cost Amount

Capital Expenditures
Land 7,500,000.00
Buildings 24,176,801.00
Production Machineries 2,162,992.00
Production Equipment 2,730,143.74
Production Furniture and Fixtures 21,303.00
Office Equipment 437,709.00
Furniture and Fixture - Office 75,884.00
Pre-operating Expenses
Purchase of Indirect Materials 1,900,000.00
Purchase of Raw Materials 12,210.00
Salaries and Wages 1,703,520.00
SSS Contrib. Expense - Employer Share 132,500.00
PHIC Contrib. Expense - Employer Share 46,800.00
PAG-IBIG Contrib. Expense - Employer Share 37,440.00
BIR Withholding Remittances -
Utility Expense 106,838.38
Business permits and licenses 58,880.00 3,998,188.38
Cash on Hand Beg. of Operations 8,896,978.88
Total 50,000,000.00
Projected Financial Statements

Projected Statement of Financial Performance

A-RicE Compost Manufacturing Corporation
Projected Income Statement
Five-Year Period

Notes Pre-Op Year 0 Year 1 Year 2 Year 3 Year 4 Year 5

Revenue
Sales 1 108,412,073.00 131,540,318.00 156,656,171.00 183,759,611.00 212,850,652.00
Total Revenue 108,412,073.00 131,540,318.00 156,656,171.00 183,759,611.00 212,850,652.00
Less: Cost of Goods Sold
Cost of Goods Sold 2 81,523,643.02 82,538,193.00 82,542,915.21 82,800,218.05 82,552,637.79
Gross Operating Profit - 26,888,429.98 49,002,125.00 74,113,255.79 100,959,392.95 130,298,014.21
Less: Adminstrative Expenses
Salaries and Wages 3 1,872,000.00 4,860,000.00 4,860,000.00 4,860,000.00 4,860,000.00 4,860,000.00
13th Month pay 4 936,000.00 936,000.00 936,000.00 936,000.00 936,000.00
SSS Contrib. Expense - Employer Share 5 180,760.00 468,060.00 468,060.00 468,060.00 468,060.00 468,060.00
PHIC Contrib. Expense - Employer Share 6 46,800.00 121,500.00 121,500.00 121,500.00 121,500.00 121,500.00
PAG-IBIG Contrib. Expense - Employer Share 7 37,440.00 97,200.00 97,200.00 97,200.00 97,200.00 97,200.00
Office Supplies 8 244,344.00 249,230.88 254,215.50 259,299.81 264,485.80
Clinical Supplies 9 570,072.00 581,473.44 593,102.91 604,964.97 617,064.27
Janitorial Supplies 10 274,716.00 280,210.32 285,814.53 291,530.82 297,361.43
Utility Expense 11 106,838.38 706,337.60 706,337.60 706,337.60 706,337.60 706,337.60
Business permits and licenses 12 58,880.00 56,380.00 56,380.00 56,380.00 56,380.00 56,380.00
Fuel Cost 13 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00
R&M 14 1,200,000.00 1,200,000.00 1,200,000.00 1,200,000.00 1,200,000.00
Greenhouse Expenses 15 338,500.00 355,425.00 373,196.25 391,856.06 411,448.87
Advertisisng Cost 16 720,000.00 720,000.00 720,000.00 720,000.00 720,000.00
Depreciation Expense
Buildings 17 1,208,840.05 1,208,840.05 1,208,840.05 1,208,840.05 1,208,840.05
Office Equipment 18 87,541.80 87,541.80 87,541.80 87,541.80 87,541.80
Furniture and Fixture - Office 19 15,176.80 15,176.80 15,176.80 15,176.80 15,176.80
Total Expense 2,302,718.38 13,904,668.25 13,943,375.89 13,983,365.43 14,024,687.90 14,067,396.61
Net Income before Tax (2,302,718.38) 12,983,761.74 35,058,749.12 60,129,890.36 86,934,705.05 116,230,617.59
Income Tax (25%) 3,245,940.43 8,764,687.28 15,032,472.59 21,733,676.26 29,057,654.40
Net Income After Tax (2,302,718.38) 9,737,821.30 26,294,061.84 45,097,417.77 65,201,028.79 87,172,963.19
Projected Statement of Financial Position
A-RicE Compost Manufacturing Corporation
Porjected Balance Sheet
Five-Year Period

Notes Pre-Op Year 0 Year 1 Year 2 Year 3 Year 4 Year 5

ASSET
Curent Assets
Cash and Cash Equivalent ₱ 8,896,978.88 ₱ 23,331,448.04 ₱ 53,290,171.80 ₱ 102,239,515.45 ₱ 171,497,267.52 ₱ 262,729,723.32
Indirect Materials Inventory 20 ₱ 12,210.00 ₱ 9,843.65 ₱ 5,864.84 ₱ 1,881.69 ₱ 3,505.73 ₱ 6,004.05
Raw Materials Inventory 21 1,900,000.00 311,650.00 325,100.00 338,550.00 249,950.00 313,400.00
Total Curent Assets 10,809,188.88 23,652,941.70 53,621,136.64 102,579,947.14 171,750,723.24 263,049,127.37

Non-Curent Assets (Net of Depreciation)

Property, Plant and Equipment 22
Land 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00
Buildings 24,176,801.00 22,967,960.95 21,759,120.90 20,550,280.85 19,341,440.80 18,132,600.75
Production Machineries 2,162,992.00 1,730,393.60 1,297,795.20 865,196.80 432,598.40 -
Production Equipment 2,730,143.74 2,184,114.99 1,638,086.24 1,092,057.50 546,028.75 -
Production Furniture and Fixtures 21,303.00 17,042.40 12,781.80 8,521.20 4,260.60 -
Office Equipment 437,709.00 350,167.20 262,625.40 175,083.60 87,541.80 -
Furniture and Fixture - Office 75,884.00 60,707.20 45,530.40 30,353.60 15,176.80 -
Total Non-Curent Assets 37,104,832.74 34,810,386.34 32,515,939.94 30,221,493.55 27,927,047.15 25,632,600.75
TOTAL ASSETS ₱ 47,914,021.62 ₱ 58,463,328.04 ₱ 86,137,076.59 ₱ 132,801,440.68 ₱ 199,677,770.39 ₱ 288,681,728.12

LIABILITIES AND OWNER'S EQUITY

Current Liabilities
Accounts Payable ₱ - ₱ - ₱ - ₱ - ₱ - ₱ -
SSS Contrib. Contribution Payables 23 132,500.00 132,500.00 132,500.00 132,500.00 132,500.00 132,500.00
PHIC Contribution Payables 24 46,800.00 46,800.00 46,800.00 46,800.00 46,800.00 46,800.00
PAG-IBIG Contribution Payables 25 37,440.00 37,440.00 37,440.00 37,440.00 37,440.00 37,440.00
Withholding Tax Payable 26 - - - - - -
Income Tax Payable 27 - 811,485.11 2,191,171.82 3,758,118.15 5,433,419.07 7,264,413.60
Total Curent Liabilities 216,740.00 1,028,225.11 2,407,911.82 3,974,858.15 5,650,159.07 7,481,153.60

Non-Current Liabilities
Other Payables 0.00 0.00 0.00 0.00 0.00 0.00
Total Non-Curent Liabilities 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL LIABILITIES 216,740.00 1,028,225.11 2,407,911.82 3,974,858.15 5,650,159.07 7,481,153.60

OWNER'S EQUITY
Equity, Beg. 50,000,000.00 47,697,281.62 57,435,102.93 83,729,164.77 128,826,582.54 194,027,611.33
Add (Less):
Income / (Loss) (2,302,718.38) 9,737,821.30 26,294,061.84 45,097,417.77 65,201,028.79 87,172,963.19
Equity, End. 47,697,281.62 57,435,102.93 83,729,164.77 128,826,582.54 194,027,611.33 281,200,574.52
TOTAL LIABILITIES AND OWNER'S EQUITY ₱ 47,914,021.63 ₱ 58,463,328.04 ₱ 86,137,076.59 ₱ 132,801,440.68 ₱ 199,677,770.39 ₱ 288,681,728.12
Projected Statement of Cash Flows

A-RicE Compost Manufacturing Corporation

Projected Statement of Cash Flows
Five-Year Period

Notes Pre-Op Year 0 Year 1 Year 2 Year 3 Year 4 Year 5

Cash Flow from Operating Activities:
Cash Inflows:
Collection from Sales - 108,412,073.00 131,540,318.00 156,656,171.00 183,759,611.00 212,850,652.00
Total Cash Inflows - 108,412,073.00 131,540,318.00 156,656,171.00 183,759,611.00 212,850,652.00
Cash Outflows:
Purchase of Indirect Materials 1,900,000.00 70,750,000.00 73,360,000.00 73,360,000.00 73,510,000.00 73,410,000.00
Purchase of Raw Materials 12,210.00 123,200.00 123,420.00 123,530.00 129,690.00 130,240.00
Payment of Salaries and Wages 28 1,703,520.00 10,221,120.00 10,221,120.00 10,221,120.00 10,221,120.00 10,221,120.00
13th Month pay 936,000.00 936,000.00 936,000.00 936,000.00 936,000.00
SSS Contrib. Contribution Remittances 132,500.00 1,590,000.00 1,590,000.00 1,590,000.00 1,590,000.00 1,590,000.00
PHIC Contribution Remittances 46,800.00 561,600.00 561,600.00 561,600.00 561,600.00 561,600.00
PAG-IBIG Contribution Remittances 37,440.00 449,280.00 449,280.00 449,280.00 449,280.00 449,280.00
BIR Withholding Remittances - - - - - -
Office Supplies - 244,344.00 249,230.88 254,215.50 259,299.81 264,485.80
Clinical Supplies - 570,072.00 581,473.44 593,102.91 604,964.97 617,064.27
Cleaning Supplies - 274,716.00 280,210.32 285,814.53 291,530.82 297,361.43
Utility Expense 106,838.38 1,282,060.52 1,282,060.52 1,282,060.52 1,282,060.52 1,282,060.52
Production Supplies 29 - 225,876.00 230,393.52 235,001.39 239,701.42 244,495.45
Business permits and licenses 58,880.00 56,380.00 56,380.00 56,380.00 56,380.00 56,380.00
Fuel Cost 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00
R&M 1,200,000.00 1,200,000.00 1,200,000.00 1,200,000.00 1,200,000.00
Advertisisng Cost 720,000.00 720,000.00 720,000.00 720,000.00 720,000.00
Greenhouse Expenses 338,500.00 355,425.00 373,196.25 391,856.06 411,448.87
Income Tax Remittances 2,434,455.33 7,385,000.57 13,465,526.26 20,058,375.35 27,226,659.86
Total Cash Outflows 3,998,188.38 93,977,603.84 101,581,594.24 107,706,827.35 114,501,858.93 121,618,196.19
Net Cash Provided(Used) from Operating Activities (3,998,188.38) 14,434,469.16 29,958,723.76 48,949,343.65 69,257,752.07 91,232,455.81
Cash Flows from Investing Activities:
Cash Inflows:
Proceeds from sale of assets 0.00 0.00 0.00 0.00 0.00 0.00
Total cash Inflows 0.00 0.00 0.00 0.00 0.00 0.00
Cash Outflows:
Purchase of Property, Plant and equipment
Land 7,500,000.00 0.00 0.00 0.00 0.00 0.00
Buildings 24,176,801.00 0.00 0.00 0.00 0.00 0.00
Production Machineries 2,162,992.00 0.00 0.00 0.00 0.00 0.00
Production Equipment 2,730,143.74 0.00 0.00 0.00 0.00 0.00
Production Furniture and Fixtures 21,303.00 0.00 0.00 0.00 0.00 0.00
Office Equipment 437,709.00 0.00 0.00 0.00 0.00 0.00
Furniture and Fixture - Office 75,884.00 0.00 0.00 0.00 0.00 0.00
Total Cash Outflows 37,104,832.74 0.00 0.00 0.00 0.00 0.00
Net Cash Provided(Used) from Investing Activities (37,104,832.74) 0.00 0.00 0.00 0.00 0.00
Cash Flows from Financing Activities
Cash Inflows:
Investments 50,000,000.00 0.00 0.00 0.00 0.00 0.00
Total Cash inflows 50,000,000.00 0.00 0.00 0.00 0.00 0.00
Cash Outflows:
Payment of Loan Amortization 12 - 0.00 0.00 0.00 0.00 0.00
Total Cash Outflows - 0.00 0.00 0.00 0.00 0.00
Net Cash Provided(Used) from Financing Activities 50,000,000.00 - - - - -
Cash provided(used) by Operating, Investing and Financing Activities
8,896,978.88 14,434,469.16 29,958,723.76 48,949,343.65 69,257,752.07 91,232,455.81
Add: Cash Balance, Beg. - 8,896,978.88 23,331,448.04 53,290,171.80 102,239,515.45 171,497,267.52
Cash Balance, End 8,896,978.88 23,331,448.04 53,290,171.80 102,239,515.45 171,497,267.52 262,729,723.32
Projected Statement of Equity

A-RicE Compost Manufacturing Corporation

Statement of Equity (5 years)
As of December 31

Pre-Op Year 0 Year 1 Year 2 Year 3

Equity, Beg. 50,000,000.00 47,697,281.62 57,435,102.93 83,729,164.77

Add:Retained Operating Surplus
Net Income (2,302,718.38) 9,737,821.30 26,294,061.84 45,097,417.77
Total
Add/Deduct:
Additional Investment - - - -
Withdrawals - - - -
Equity, End. 47,697,281.62 57,435,102.93 83,729,164.77 128,826,582.54

Notes to Financial Statements

A-RicE Compost Manufacturing Corporation

Note 1 - Sales
Selling
Product Annual Production Qty Sold Selling Price Total Sales
Capacity
Cultery
Year 1 163,026 70% 114,118 950.00 108,412,073.00
Year 2 197,805 70% 138,463 950.00 131,540,318.00
Year 3 235,573 70% 164,901 950.00 156,656,171.00
Year 4 276,330 70% 193,431 950.00 183,759,611.00
Year 5 320,076 70% 224,053 950.00 212,850,652.00
Total

Note 2 - Cost of Goods Sold

CY 2024 CY 2025 CY 2026 CY 2027 CY 2028 CY 2029
Beg. Raw Materials 1,900,000.00 311,650.00 325,100.00 338,550.00 249,950.00
Add:
Purchases 1,900,000.00 70,750,000.00 73,360,000.00 73,360,000.00 73,510,000.00 73,410,000.00
Total Raw Materials Avaiable for use 1,900,000.00 72,650,000.00 73,671,650.00 73,685,100.00 73,848,550.00 73,659,950.00
Less:
Raw Materials End 1,900,000.00 311,650.00 325,100.00 338,550.00 249,950.00 313,400.00
Total Raw Materials Used in Production - 72,338,350.00 73,346,550.00 73,346,550.00 73,598,600.00 73,346,550.00
Add:
Direct Labor - 4,356,000.00 4,356,000.00 4,356,000.00 4,356,000.00 4,356,000.00
Factory Overhead .
Indirect Labor 2,016,000.00 2,016,000.00 2,016,000.00 2,016,000.00 2,016,000.00
Indirect Materials
Packaging 125,566.35 127,398.81 127,513.16 128,065.96 127,741.68
Production Supplies 225,876.00 230,393.52 235,001.39 239,701.42 244,495.45
Other FOH
SSS Contrib. Expense - Employer Share 616,500.00 616,500.00 616,500.00 616,500.00 616,500.00
PHIC Contrib. Expense - Employer Share 159,300.00 159,300.00 159,300.00 159,300.00 159,300.00
PAG-IBIG Contrib. Expense - Employer Share 127,440.00 127,440.00 127,440.00 127,440.00 127,440.00
Utilities Expenses 575,722.92 575,722.92 575,722.92 575,722.92 575,722.92
Depreciaiton - Production Machineries 432,598.40 432,598.40 432,598.40 432,598.40 432,598.40
Depreciaiton - Production Equipment 546,028.75 546,028.75 546,028.75 546,028.75 546,028.75
Depreciaiton - Production Furniture and Fixtures 4,260.60 4,260.60 4,260.60 4,260.60 4,260.60
Cost of Goods Sold - 81,523,643.02 82,538,193.00 82,542,915.21 82,800,218.05 82,552,637.79
Note 3 - Salaries and Wages
(Salaries and Wages for CY 2024-2029)
No. of
Position Monthly Salary CY 2024 CY 2025 CY 2026 CY 2027 CY 2028 CY 2029
Personnel
(Nov-Dec) (Jan - Dec) (Jan - Dec) (Jan - Dec) (Jan - Dec) (Jan - Dec)
Direct labor
Pelletizing Equipment Operator 4 18,000.00 144,000.00 864,000.00 864,000.00 864,000.00 864,000.00 864,000.00
Greenhouse Keeper 1 15,000.00 30,000.00 180,000.00 180,000.00 180,000.00 180,000.00 180,000.00
Harvesting Staff 2 15,000.00 60,000.00 360,000.00 360,000.00 360,000.00 360,000.00 360,000.00
Drying Machine Operator 2 18,000.00 72,000.00 432,000.00 432,000.00 432,000.00 432,000.00 432,000.00
Cleaning Process Staff 4 15,000.00 120,000.00 720,000.00 720,000.00 720,000.00 720,000.00 720,000.00
Powdering Machine Operator 3 18,000.00 108,000.00 648,000.00 648,000.00 648,000.00 648,000.00 648,000.00
Maintenance Technician 2 15,000.00 60,000.00 360,000.00 360,000.00 360,000.00 360,000.00 360,000.00
Quality Inspector 2 18,000.00 72,000.00 432,000.00 432,000.00 432,000.00 432,000.00 432,000.00
Packaging Staff 2 15,000.00 60,000.00 360,000.00 360,000.00 360,000.00 360,000.00 360,000.00
SubTotal 22 147,000.00 726,000.00 4,356,000.00 4,356,000.00 4,356,000.00 4,356,000.00 4,356,000.00
Indirect labor 0 -
Logistics Personnel 2 18,000.00 72,000.00 432,000.00 432,000.00 432,000.00 432,000.00 432,000.00
Operations Manager 1 20,000.00 40,000.00 240,000.00 240,000.00 240,000.00 240,000.00 240,000.00
Process Engineers 2 20,000.00 80,000.00 480,000.00 480,000.00 480,000.00 480,000.00 480,000.00
Safety Specialist 1 18,000.00 36,000.00 216,000.00 216,000.00 216,000.00 216,000.00 216,000.00
Greenhouse Caretaker 1 18,000.00 36,000.00 216,000.00 216,000.00 216,000.00 216,000.00 216,000.00
Procurement Staff 2 18,000.00 72,000.00 432,000.00 432,000.00 432,000.00 432,000.00 432,000.00
SubTotal 9 112,000.00 336,000.00 2,016,000.00 2,016,000.00 2,016,000.00 2,016,000.00 2,016,000.00
Selling and Adminsitrative 0 -
Marketing and Sales Manager 1 25,000.00 50,000.00 300,000.00 300,000.00 300,000.00 300,000.00 300,000.00
Human Resource Manager 1 25,000.00 50,000.00 300,000.00 300,000.00 300,000.00 300,000.00 300,000.00
Supply Chain and Logistic Manager 1 25,000.00 50,000.00 300,000.00 300,000.00 300,000.00 300,000.00 300,000.00
Accounting Staff 2 25,000.00 100,000.00 600,000.00 600,000.00 600,000.00 600,000.00 600,000.00
IT Staff 1 20,000.00 40,000.00 240,000.00 240,000.00 240,000.00 240,000.00 240,000.00
Utility Personnel 4 12,000.00 96,000.00 576,000.00 576,000.00 576,000.00 576,000.00 576,000.00
Company Nurse 1 20,000.00 40,000.00 240,000.00 240,000.00 240,000.00 240,000.00 240,000.00
Warehouse Staff 4 12,000.00 96,000.00 576,000.00 576,000.00 576,000.00 576,000.00 576,000.00
Security 2 18,000.00 72,000.00 432,000.00 432,000.00 432,000.00 432,000.00 432,000.00
Driver 6 18,000.00 216,000.00 1,296,000.00 1,296,000.00 1,296,000.00 1,296,000.00 1,296,000.00
SubTotal 23 200,000.00 810,000.00 4,860,000.00 4,860,000.00 4,860,000.00 4,860,000.00 4,860,000.00
Grand Total 54 1,872,000.00 11,232,000.00 11,232,000.00 11,232,000.00 11,232,000.00 11,232,000.00
Summary
Direct labor 22 726,000.00 4,356,000.00 4,356,000.00 4,356,000.00 4,356,000.00 4,356,000.00
Indirect labor 9 336,000.00 2,016,000.00 2,016,000.00 2,016,000.00 2,016,000.00 2,016,000.00
Selling and Adminsitrative 23 810,000.00 4,860,000.00 4,860,000.00 4,860,000.00 4,860,000.00 4,860,000.00
Total 54 1,872,000.00 11,232,000.00 11,232,000.00 11,232,000.00 11,232,000.00 11,232,000.00
Note 4 - 13th Month pay
(13th Month Pay for CY 2024-2029)
No. of 13th Month Pay
Position Monthly Salary CY 2024 CY 2025 CY 2026 CY 2027 CY 2028 CY 2029
Personnel (100%)
(Nov-Dec) (Jan - Dec) (Jan - Dec) (Jan - Dec) (Jan - Dec) (Jan - Dec)
Direct labor
Pelletizing Equipment Operator 4 18,000.00 100% 72,000.00 72,000.00 72,000.00 72,000.00 72,000.00
Greenhouse Keeper 1 15,000.00 100% 15,000.00 15,000.00 15,000.00 15,000.00 15,000.00
Harvesting Staff 2 15,000.00 100% 30,000.00 30,000.00 30,000.00 30,000.00 30,000.00
Drying Machine Operator 2 18,000.00 100% 36,000.00 36,000.00 36,000.00 36,000.00 36,000.00
Cleaning Process Staff 4 15,000.00 100% 60,000.00 60,000.00 60,000.00 60,000.00 60,000.00
Powdering Machine Operator 3 18,000.00 100% 54,000.00 54,000.00 54,000.00 54,000.00 54,000.00
Maintenance Technician 2 15,000.00 100% 30,000.00 30,000.00 30,000.00 30,000.00 30,000.00
Quality Inspector 2 18,000.00 100% 36,000.00 36,000.00 36,000.00 36,000.00 36,000.00
Packaging Staff 2 15,000.00 100% 30,000.00 30,000.00 30,000.00 30,000.00 30,000.00
SubTotal 22 147,000.00 - 363,000.00 363,000.00 363,000.00 363,000.00 363,000.00
Indirect labor 0 -
Logistics Personnel 2 18,000.00 100% 36,000.00 36,000.00 36,000.00 36,000.00 36,000.00
Operations Manager 1 20,000.00 100% 20,000.00 20,000.00 20,000.00 20,000.00 20,000.00
Process Engineers 2 20,000.00 100% 40,000.00 40,000.00 40,000.00 40,000.00 40,000.00
Safety Specialist 1 18,000.00 100% 18,000.00 18,000.00 18,000.00 18,000.00 18,000.00
Greenhouse Caretaker 1 18,000.00 200% 18,000.00 18,000.00 18,000.00 18,000.00 18,000.00
Procurement Staff 2 18,000.00 300% 36,000.00 36,000.00 36,000.00 36,000.00 36,000.00
SubTotal 9 112,000.00 - 168,000.00 168,000.00 168,000.00 168,000.00 168,000.00
Selling and Adminsitrative 0 -
Marketing and Sales Manager 1 25,000.00 100% 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00
Human Resource Manager 1 25,000.00 100% 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00
Supply Chain and Logistic Manager 1 25,000.00 100% 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00
Accounting Staff 2 25,000.00 100% 50,000.00 50,000.00 50,000.00 50,000.00 50,000.00
IT Staff 1 20,000.00 100% 20,000.00 20,000.00 20,000.00 20,000.00 20,000.00
Utility Personnel 4 12,000.00 100% 48,000.00 48,000.00 48,000.00 48,000.00 48,000.00
Company Nurse 1 20,000.00 100% 20,000.00 20,000.00 20,000.00 20,000.00 20,000.00
Warehouse Staff 4 12,000.00 100% 48,000.00 48,000.00 48,000.00 48,000.00 48,000.00
Security 2 18,000.00 100% 36,000.00 36,000.00 36,000.00 36,000.00 36,000.00
Driver 6 18,000.00 100% 108,000.00 108,000.00 108,000.00 108,000.00 108,000.00
SubTotal 23 200,000.00 - 405,000.00 405,000.00 405,000.00 405,000.00 405,000.00
Grand Total 54 - 936,000.00 936,000.00 936,000.00 936,000.00 936,000.00
Summary
Direct labor 22 - 363,000.00 363,000.00 363,000.00 363,000.00 363,000.00
Indirect labor 9 - 168,000.00 168,000.00 168,000.00 168,000.00 168,000.00
Selling and Adminsitrative 23 - 405,000.00 405,000.00 405,000.00 405,000.00 405,000.00
Total 54 - 936,000.00 936,000.00 936,000.00 936,000.00 936,000.00
Note 5 - SSS Contrib. Expense - Employer Share
SSS Contribution Schedule (Employer Share 2024-2029)
No. of Monthly Employee
Position Monthly Salary CY 2024 CY 2025 CY 2026 CY 2027 CY 2028 CY 2029
Personnel Deduction
(Nov-Dec) (Jan - Dec) (Jan - Dec) (Jan - Dec) (Jan - Dec) (Jan - Dec)
Direct labor
Pelletizing Equipment Operator 4 18,000.00 1,740.00 13,920.00 83,520.00 83,520.00 83,520.00 83,520.00 83,520.00
Greenhouse Keeper 1 15,000.00 1,455.00 2,910.00 17,460.00 17,460.00 17,460.00 17,460.00 17,460.00
Harvesting Staff 2 15,000.00 1,455.00 5,820.00 34,920.00 34,920.00 34,920.00 34,920.00 34,920.00
Drying Machine Operator 2 18,000.00 1,740.00 6,960.00 41,760.00 41,760.00 41,760.00 41,760.00 41,760.00
Cleaning Process Staff 4 15,000.00 1,455.00 11,640.00 69,840.00 69,840.00 69,840.00 69,840.00 69,840.00
Powdering Machine Operator 3 18,000.00 1,740.00 10,440.00 62,640.00 62,640.00 62,640.00 62,640.00 62,640.00
Maintenance Technician 2 15,000.00 1,455.00 5,820.00 34,920.00 34,920.00 34,920.00 34,920.00 34,920.00
Quality Inspector 2 18,000.00 1,740.00 6,960.00 41,760.00 41,760.00 41,760.00 41,760.00 41,760.00
Packaging Staff 2 15,000.00 1,455.00 5,820.00 34,920.00 34,920.00 34,920.00 34,920.00 34,920.00
SubTotal 22 147,000.00 14,235.00 70,290.00 421,740.00 421,740.00 421,740.00 421,740.00 421,740.00
Indirect labor - - - - - - -
Logistics Personnel 2 18,000.00 1,740.00 6,960.00 41,760.00 41,760.00 41,760.00 41,760.00 41,760.00
Operations Manager 1 20,000.00 1,930.00 3,860.00 23,160.00 23,160.00 23,160.00 23,160.00 23,160.00
Process Engineers 2 20,000.00 1,930.00 7,720.00 46,320.00 46,320.00 46,320.00 46,320.00 46,320.00
Safety Specialist 1 18,000.00 1,740.00 3,480.00 20,880.00 20,880.00 20,880.00 20,880.00 20,880.00
Greenhouse Caretaker 1 18,000.00 1,740.00 3,480.00 20,880.00 20,880.00 20,880.00 20,880.00 20,880.00
Procurement Staff 2 18,000.00 1,740.00 6,960.00 41,760.00 41,760.00 41,760.00 41,760.00 41,760.00
SubTotal 9 112,000.00 10,820.00 32,460.00 194,760.00 194,760.00 194,760.00 194,760.00 194,760.00
Selling and Adminsitrative - - - - - - -
Marketing and Sales Manager 1 25,000.00 2,405.00 4,810.00 28,860.00 28,860.00 28,860.00 28,860.00 28,860.00
Human Resource Manager 1 25,000.00 2,405.00 4,810.00 28,860.00 28,860.00 28,860.00 28,860.00 28,860.00
Supply Chain and Logistic Manager 1 25,000.00 2,405.00 4,810.00 28,860.00 28,860.00 28,860.00 28,860.00 28,860.00
Accounting Staff 2 25,000.00 2,405.00 9,620.00 57,720.00 57,720.00 57,720.00 57,720.00 57,720.00
IT Staff 1 20,000.00 1,930.00 3,860.00 23,160.00 23,160.00 23,160.00 23,160.00 23,160.00
Utility Personnel 4 12,000.00 1,150.00 9,200.00 55,200.00 55,200.00 55,200.00 55,200.00 55,200.00
Company Nurse 1 20,000.00 1,930.00 3,860.00 23,160.00 23,160.00 23,160.00 23,160.00 23,160.00
Warehouse Staff 4 12,000.00 1,150.00 9,200.00 55,200.00 55,200.00 55,200.00 55,200.00 55,200.00
Security 2 18,000.00 1,740.00 6,960.00 41,760.00 41,760.00 41,760.00 41,760.00 41,760.00
Driver 6 18,000.00 1,740.00 20,880.00 125,280.00 125,280.00 125,280.00 125,280.00 125,280.00
SubTotal 23 200,000.00 19,260.00 78,010.00 468,060.00 468,060.00 468,060.00 468,060.00 468,060.00
TOTAL 54 459,000.00 44,315.00 180,760.00 1,084,560.00 1,084,560.00 1,084,560.00 1,084,560.00 1,084,560.00
Note 6 - PHIC Contrib. Expense - Employer Share
PHIC Contribution Schedule (Employer Share 2024-2029)
No. of Monthly Employee
Position Monthly Salary CY 2024 CY 2025 CY 2026 CY 2027 CY 2028 CY 2029
Personnel Deduction
(Nov-Dec) (Jan - Dec) (Jan - Dec) (Jan - Dec) (Jan - Dec) (Jan - Dec)
Direct labor
Pelletizing Equipment Operator 4 18,000.00 450.00 3,600.00 21,600.00 21,600.00 21,600.00 21,600.00 21,600.00
Greenhouse Keeper 1 15,000.00 375.00 750.00 4,500.00 4,500.00 4,500.00 4,500.00 4,500.00
Harvesting Staff 2 15,000.00 375.00 1,500.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00
Drying Machine Operator 2 18,000.00 450.00 1,800.00 10,800.00 10,800.00 10,800.00 10,800.00 10,800.00
Cleaning Process Staff 4 15,000.00 375.00 3,000.00 18,000.00 18,000.00 18,000.00 18,000.00 18,000.00
Powdering Machine Operator 3 18,000.00 450.00 2,700.00 16,200.00 16,200.00 16,200.00 16,200.00 16,200.00
Maintenance Technician 2 15,000.00 375.00 1,500.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00
Quality Inspector 2 18,000.00 450.00 1,800.00 10,800.00 10,800.00 10,800.00 10,800.00 10,800.00
Packaging Staff 2 15,000.00 375.00 1,500.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00
SubTotal 22 147,000.00 3,675.00 18,150.00 108,900.00 108,900.00 108,900.00 108,900.00 108,900.00
Indirect labor - - - - - - -
Logistics Personnel 2 18,000.00 450.00 1,800.00 10,800.00 10,800.00 10,800.00 10,800.00 10,800.00
Operations Manager 1 20,000.00 500.00 1,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
Process Engineers 2 20,000.00 500.00 2,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00
Safety Specialist 1 18,000.00 450.00 900.00 5,400.00 5,400.00 5,400.00 5,400.00 5,400.00
Greenhouse Caretaker 1 18,000.00 450.00 900.00 5,400.00 5,400.00 5,400.00 5,400.00 5,400.00
Procurement Staff 2 18,000.00 450.00 1,800.00 10,800.00 10,800.00 10,800.00 10,800.00 10,800.00
SubTotal 9 112,000.00 2,800.00 8,400.00 50,400.00 50,400.00 50,400.00 50,400.00 50,400.00
Selling and Adminsitrative - - - - - - -
Marketing and Sales Manager 1 25,000.00 625.00 1,250.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00
Human Resource Manager 1 25,000.00 625.00 1,250.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00
Supply Chain and Logistic Manager 1 25,000.00 625.00 1,250.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00
Accounting Staff 2 25,000.00 625.00 2,500.00 15,000.00 15,000.00 15,000.00 15,000.00 15,000.00
IT Staff 1 20,000.00 500.00 1,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
Utility Personnel 4 12,000.00 300.00 2,400.00 14,400.00 14,400.00 14,400.00 14,400.00 14,400.00
Company Nurse 1 20,000.00 500.00 1,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
Warehouse Staff 4 12,000.00 300.00 2,400.00 14,400.00 14,400.00 14,400.00 14,400.00 14,400.00
Security 2 18,000.00 450.00 1,800.00 10,800.00 10,800.00 10,800.00 10,800.00 10,800.00
Driver 6 18,000.00 450.00 5,400.00 32,400.00 32,400.00 32,400.00 32,400.00 32,400.00
SubTotal 23 200,000.00 5,000.00 20,250.00 121,500.00 121,500.00 121,500.00 121,500.00 121,500.00
TOTAL 54 459,000.00 11,475.00 46,800.00 280,800.00 280,800.00 280,800.00 280,800.00 280,800.00
Note 7 - PAG-IBIG Contrib. Expense - Employer Share
HDMF Contribution Schedule (Employer Share 2024-2029)
No. of Monthly Employee
Position Monthly Salary CY 2024 CY 2025 CY 2026 CY 2027 CY 2028 CY 2029
Personnel Deduction
(Nov-Dec) (Jan - Dec) (Jan - Dec) (Jan - Dec) (Jan - Dec) (Jan - Dec)
Direct labor
Pelletizing Equipment Operator 4 18,000.00 360.00 2,880.00 17,280.00 17,280.00 17,280.00 17,280.00 17,280.00
Greenhouse Keeper 1 15,000.00 300.00 600.00 3,600.00 3,600.00 3,600.00 3,600.00 3,600.00
Harvesting Staff 2 15,000.00 300.00 1,200.00 7,200.00 7,200.00 7,200.00 7,200.00 7,200.00
Drying Machine Operator 2 18,000.00 360.00 1,440.00 8,640.00 8,640.00 8,640.00 8,640.00 8,640.00
Cleaning Process Staff 4 15,000.00 300.00 2,400.00 14,400.00 14,400.00 14,400.00 14,400.00 14,400.00
Powdering Machine Operator 3 18,000.00 360.00 2,160.00 12,960.00 12,960.00 12,960.00 12,960.00 12,960.00
Maintenance Technician 2 15,000.00 300.00 1,200.00 7,200.00 7,200.00 7,200.00 7,200.00 7,200.00
Quality Inspector 2 18,000.00 360.00 1,440.00 8,640.00 8,640.00 8,640.00 8,640.00 8,640.00
Packaging Staff 2 15,000.00 300.00 1,200.00 7,200.00 7,200.00 7,200.00 7,200.00 7,200.00
SubTotal 22 147,000.00 2,940.00 14,520.00 87,120.00 87,120.00 87,120.00 87,120.00 87,120.00
Indirect labor - - - - - - -
Logistics Personnel 2 18,000.00 360.00 1,440.00 8,640.00 8,640.00 8,640.00 8,640.00 8,640.00
Operations Manager 1 20,000.00 400.00 800.00 4,800.00 4,800.00 4,800.00 4,800.00 4,800.00
Process Engineers 2 20,000.00 400.00 1,600.00 9,600.00 9,600.00 9,600.00 9,600.00 9,600.00
Safety Specialist 1 18,000.00 360.00 720.00 4,320.00 4,320.00 4,320.00 4,320.00 4,320.00
Greenhouse Caretaker 1 18,000.00 360.00 720.00 4,320.00 4,320.00 4,320.00 4,320.00 4,320.00
Procurement Staff 2 18,000.00 360.00 1,440.00 8,640.00 8,640.00 8,640.00 8,640.00 8,640.00
SubTotal 9 112,000.00 2,240.00 6,720.00 40,320.00 40,320.00 40,320.00 40,320.00 40,320.00
Selling and Adminsitrative - - - - - - -
Marketing and Sales Manager 1 25,000.00 500.00 1,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
Human Resource Manager 1 25,000.00 500.00 1,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
Supply Chain and Logistic Manager 1 25,000.00 500.00 1,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
Accounting Staff 2 25,000.00 500.00 2,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00
IT Staff 1 20,000.00 400.00 800.00 4,800.00 4,800.00 4,800.00 4,800.00 4,800.00
Utility Personnel 4 12,000.00 240.00 1,920.00 11,520.00 11,520.00 11,520.00 11,520.00 11,520.00
Company Nurse 1 20,000.00 400.00 800.00 4,800.00 4,800.00 4,800.00 4,800.00 4,800.00
Warehouse Staff 4 12,000.00 240.00 1,920.00 11,520.00 11,520.00 11,520.00 11,520.00 11,520.00
Security 2 18,000.00 360.00 1,440.00 8,640.00 8,640.00 8,640.00 8,640.00 8,640.00
Driver 6 18,000.00 360.00 4,320.00 25,920.00 25,920.00 25,920.00 25,920.00 25,920.00
SubTotal 23 200,000.00 4,000.00 16,200.00 97,200.00 97,200.00 97,200.00 97,200.00 97,200.00
TOTAL 54 459,000.00 9,180.00 37,440.00 224,640.00 224,640.00 224,640.00 224,640.00 224,640.00
Note 8 - Office Supplies

Office Supplies QTY Unit Cost Total Cost CY 2025 CY 2026 CY 2027 CY 2028 CY 2029

A4 Bond Paper ( 5 reams per box) 3 845.00 2,535.00 30,420.00 31,028.40 31,648.97 32,281.95 32,927.59
Battery AA 4s 10 14.00 140.00 1,680.00 1,713.60 1,747.87 1,782.83 1,818.49
Binder Clip 3 11.00 33.00 396.00 403.92 412.00 420.24 428.64
Casio Calculator 8 419.00 3,352.00 40,224.00 41,028.48 41,849.05 42,686.03 43,539.75
Cutter 10 20.00 200.00 2,400.00 2,448.00 2,496.96 2,546.90 2,597.84
Clip Board 3 74.00 222.00 2,664.00 2,717.28 2,771.63 2,827.06 2,883.60
Stapler 5 105.00 525.00 6,300.00 6,426.00 6,554.52 6,685.61 6,819.32
Stapler Wire 25 18.00 450.00 5,400.00 5,508.00 5,618.16 5,730.52 5,845.13
Push Pins 2 15.00 30.00 360.00 367.20 374.54 382.03 389.68
Printer Ink Set 4 250.00 1,000.00 12,000.00 12,240.00 12,484.80 12,734.50 12,989.19
File Organizer 10 150.00 1,500.00 18,000.00 18,360.00 18,727.20 19,101.74 19,483.78
HBW Ballpen (50pcs per box) 3 169.00 507.00 6,084.00 6,205.68 6,329.79 6,456.39 6,585.52
Elmer's Glue 130 g 5 52.00 260.00 3,120.00 3,182.40 3,246.05 3,310.97 3,377.19
Long Brown Envelope 10 3.50 35.00 420.00 428.40 436.97 445.71 454.62
Long White Folder (25pcs) 2 135.00 270.00 3,240.00 3,304.80 3,370.90 3,438.31 3,507.08
Masking Tape 1/2 20 15.00 300.00 3,600.00 3,672.00 3,745.44 3,820.35 3,896.76
Scotch Tape 200 M 10 56.00 560.00 6,720.00 6,854.40 6,991.49 7,131.32 7,273.94
Sticky Notes (400 sheets) 3 39.00 117.00 1,404.00 1,432.08 1,460.72 1,489.94 1,519.73
Pencil (12pcs) 5 55.00 275.00 3,300.00 3,366.00 3,433.32 3,501.99 3,572.03
Sharpener (24 pcs) 1 50.00 50.00 600.00 612.00 624.24 636.72 649.46
White Board 1 499.00 499.00 5,988.00 6,107.76 6,229.92 6,354.51 6,481.60
White Board Marker 5 15.00 75.00 900.00 918.00 936.36 955.09 974.19
Ruler 5 20.00 100.00 1,200.00 1,224.00 1,248.48 1,273.45 1,298.92
Scissors 4 20.00 80.00 960.00 979.20 998.78 1,018.76 1,039.13
100L Trash Bin 4 800.00 3,200.00 38,400.00 39,168.00 39,951.36 40,750.39 41,565.39
Outdoor Light Post 45 70.00 3,150.00 37,800.00 38,556.00 39,327.12 40,113.66 40,915.94
Digital Wall Clock 3 299.00 897.00 10,764.00 10,979.28 11,198.87 11,422.84 11,651.30
Total 4,218.50 20,362.00 244,344.00 249,230.88 254,215.50 259,299.81 264,485.80
Note 9 - Clinical Supplies
Clinical Supplies QTY Unit Cost Total Cost Year 1 Year 2 Year 3 Year 4 Year 5
Tweezers 3 50.00 150.00 1,800.00 1,836.00 1,872.72 1,910.17 1,948.38
Scissors 2 50.00 100.00 1,200.00 1,224.00 1,248.48 1,273.45 1,298.92
Adhesive Tape 15 20.00 300.00 3,600.00 3,672.00 3,745.44 3,820.35 3,896.76
Gloves 5 109.00 545.00 6,540.00 6,670.80 6,804.22 6,940.30 7,079.11
Bandages 15 23.00 345.00 4,140.00 4,222.80 4,307.26 4,393.40 4,481.27
Antiseptic wipe packets 30 49.00 1,470.00 17,640.00 17,992.80 18,352.66 18,719.71 19,094.10
Hand Sanitizer 20 279.00 5,580.00 66,960.00 68,299.20 69,665.18 71,058.49 72,479.66
Thermometer 5 24.00 120.00 1,440.00 1,468.80 1,498.18 1,528.14 1,558.70
Clinical Bed 2 15,000.00 30,000.00 360,000.00 367,200.00 374,544.00 382,034.88 389,675.58
Wheel Chair 2 2,157.00 4,314.00 51,768.00 52,803.36 53,859.43 54,936.62 56,035.35
Stethoscope 2 149.00 298.00 3,576.00 3,647.52 3,720.47 3,794.88 3,870.78
Safety Pins (2000 pcs.) 1 200.00 200.00 2,400.00 2,448.00 2,496.96 2,546.90 2,597.84
Gauze Pads 4x4 (100pcs.) 10 204.00 2,040.00 24,480.00 24,969.60 25,468.99 25,978.37 26,497.94
Sphygmomanometer 2 599.00 1,198.00 14,376.00 14,663.52 14,956.79 15,255.93 15,561.04
Weighing Scale 2 149.00 298.00 3,576.00 3,647.52 3,720.47 3,794.88 3,870.78
Procedural Trays 3 98.00 294.00 3,528.00 3,598.56 3,670.53 3,743.94 3,818.82
Sterilizers 2 127.00 254.00 3,048.00 3,108.96 3,171.14 3,234.56 3,299.25
Total 19,287.00 47,506.00 570,072.00 581,473.44 593,102.91 604,964.97 617,064.27

Note 10 - Janitorial Supplies

Janitorial Supplies QTY Unit Cost Total Cost Year 1 Year 2 Year 3 Year 4 Year 5
Lobby Broom 10 135.00 1,350.00 16,200.00 16,524.00 16,854.48 17,191.57 17,535.40
Dustpan 10 48.00 480.00 5,760.00 5,875.20 5,992.70 6,112.56 6,234.81
Vacuum Cleaner 2 1,054.00 2,108.00 25,296.00 25,801.92 26,317.96 26,844.32 27,381.20
Mop 5 212.00 1,060.00 12,720.00 12,974.40 13,233.89 13,498.57 13,768.54
Bucket 10 40.00 400.00 4,800.00 4,896.00 4,993.92 5,093.80 5,195.67
Microfiber Cloth 12 pcs. 10 100.00 1,000.00 12,000.00 12,240.00 12,484.80 12,734.50 12,989.19
Garbage bags and Trash Bin 8 465.00 3,720.00 44,640.00 45,532.80 46,443.46 47,372.33 48,319.77
Scrubbers 10 13.00 130.00 1,560.00 1,591.20 1,623.02 1,655.48 1,688.59
Spray Bottle 10 20.00 200.00 2,400.00 2,448.00 2,496.96 2,546.90 2,597.84
Liquid Detergent 25 142.00 3,550.00 42,600.00 43,452.00 44,321.04 45,207.46 46,111.61
Cleaning Brushes 25 135.00 3,375.00 40,500.00 41,310.00 42,136.20 42,978.92 43,838.50
Duster 10 28.00 280.00 3,360.00 3,427.20 3,495.74 3,565.66 3,636.97
Alcohol Sanitizer 20 115.00 2,300.00 27,600.00 28,152.00 28,715.04 29,289.34 29,875.13
Air Fresheners 30 98.00 2,940.00 35,280.00 35,985.60 36,705.31 37,439.42 38,188.21
Total 2,605.00 22,893.00 274,716.00 280,210.32 285,814.53 291,530.82 297,361.43
Note 11 - Utility Expense

Monthly
Year 0
Utilities Expense Consumption Cost Year 1 Year 2 Year 3 Year 4 Year 5
(1 month)

Electricity (KwH) Php per KwH

Production Area 3,980.00 12.05 575,722.92 575,722.92 575,722.92 575,722.92 575,722.92
Admin Office 4,855.97 12.05 106,513.18 702,435.20 702,435.20 702,435.20 702,435.20 702,435.20
Total 8,835.97 106,513.18 1,278,158.12 1,278,158.12 1,278,158.12 1,278,158.12 1,278,158.12

Water cu. m Php per cu. m

Production Area - 24.00 - - - - -
Admin Office 13.55 24.00 325.20 3,902.40 3,902.40 3,902.40 3,902.40 3,902.40
13.55 325.20 3,902.40 3,902.40 3,902.40 3,902.40 3,902.40
Cost Allocation
Production - 575,722.92 575,722.92 575,722.92 575,722.92 575,722.92
Admin 106,838.38 706,337.60 706,337.60 706,337.60 706,337.60 706,337.60
- - 106,838.38 1,282,060.52 1,282,060.52 1,282,060.52 1,282,060.52 1,282,060.52

Note 12 - Business permits and licenses

Business permits and licenses Yearly Year 0 Year 1 Year 2 Year 3 Year 4 Year 5

SEC Registration Fee 2,500.00 2,500.00

PhilHealth Certificate 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00
Mayor's Permit 20,000.00 20,000.00 20,000.00 20,000.00 20,000.00 20,000.00 20,000.00
BIR Registration (BIR Form 2303) 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00
Sanitary Permit 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00
Fire Safety Inspection Certificate 500.00 500.00 500.00 500.00 500.00 500.00 500.00
Garbage Fee 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00
Building Permit 10,500.00 10,500.00 10,500.00 10,500.00 10,500.00 10,500.00 10,500.00
Documentary Stamp 30.00 30.00 30.00 30.00 30.00 30.00 30.00
Health Certificate fee 50.00 50.00 50.00 50.00 50.00 50.00 50.00
Electrical Inspection Fee 200.00 200.00 200.00 200.00 200.00 200.00 200.00
BIR Approved Printed Receipt 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00
DTI Registration Fee 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00
Community Tax Certificate 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00
TOTAL 58,880.00 58,880.00 56,380.00 56,380.00 56,380.00 56,380.00 56,380.00
Note 13 - Fuel Cost

Fuel Cost Yearly Year 0 Year 1 Year 2 Year 3 Year 4 Year 5

Fuel , oIl and Lubricants 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00
TOTAL 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00

Note 14 - R&M

Repairs and Maintenance Monthly Yearly Year 1 Year 2 Year 3 Year 4 Year 5

Repairs and Maintenance 100,000.00 1,200,000.00 1,200,000.00 1,200,000.00 1,200,000.00 1,200,000.00 1,200,000.00
TOTAL 100,000.00 1,200,000.00 1,200,000.00 1,200,000.00 1,200,000.00 1,200,000.00 1,200,000.00

Note 15 - Greenhouse Expenses

Qty Cost Total Cost Year 1 Year 2 Year 3 Year 4 Year 5
Azolla Plant 250 35.00 8,750.00 9,187.50 9,646.88 10,129.22 10,635.68 11,167.46
Fertilizers 297 750.00 222,750.00 233,887.50 245,581.88 257,860.97 270,754.02 284,291.72
Azolla Bed 10 500.00 5,000.00 5,250.00 5,512.50 5,788.13 6,077.53 6,381.41
Container Tub 20 100.00 2,000.00 2,100.00 2,205.00 2,315.25 2,431.01 2,552.56
Other Materials 100,000.00 105,000.00 110,250.00 115,762.50 121,550.63 127,628.16
Total 338,500.00 355,425.00 373,196.25 391,856.06 411,448.87 432,021.31

Note 16 - Advertising Cost

Advertising Monthly Yearly Year 1 Year 2 Year 3 Year 4 Year 5

Advertising 60,000.00 720,000.00 720,000.00 720,000.00 720,000.00 720,000.00 720,000.00

TOTAL 60,000.00 720,000.00 720,000.00 720,000.00 720,000.00 720,000.00 720,000.00

Note 17 - Buildings – Depreciation Expense

Annual
Particulars Unit Cost Total Cost Useful Life
Depreciation
Building 24,176,801.00 24,176,801.00 20 1,208,840.05
Total 24,176,801.00 1,208,840.05
Note 18 - Office Equipment – Depreciation Expense
Annual
Particulars Unit Cost Total Cost Useful Life
Depreciation
Office Equipment
All in One Printer ( Multifunction) 18,693.00 37,386.00 5 7,477.20
Computer Set 9,180.00 91,800.00 5 18,360.00
Emergency Lights 449.00 4,490.00 5 898.00
Exhaust Fan 299.00 8,073.00 5 1,614.60
Fire Extinguisher 699.00 3,495.00 5 699.00
Fire Alarm 499.00 998.00 5 199.60
Surveillance Camera 1,689.00 6,756.00 5 1,351.20
Ceiling Fan 799.00 3,995.00 5 799.00
Industrial Gasoline Generator 79,986.00 79,986.00 5 15,997.20
Industrial Ventilation Fan 3,499.00 10,497.00 5 2,099.40
Split- Type Aircon 16,500.00 132,000.00 5 26,400.00
Water Dispenser 1,149.00 3,447.00 5 689.40
Refrigerator 10,999.00 10,999.00 5 2,199.80
Flat Panel Led Light 433.00 12,990.00 5 2,598.00
Projector 10,300.00 10,300.00 5 2,060.00
72 inches Projector Screen 1,299.00 1,299.00 5 259.80
32 inch Television 9,599.00 19,198.00 5 3,839.60
Total 437,709.00 87,541.80

Note 19 - Furniture and Fixture - Office – Depreciation Expense

Annual
Particulars Unit Cost Total Cost Useful Life
Depreciation
Furniture and Fixture - Office
Conference Meeting Table 16,924.00 16,924.00 5 3,384.80
Conference Meeting Chair 999.00 14,985.00 5 2,997.00
Office Table 1,299.00 12,990.00 5 2,598.00
Office Chair 799.00 7,990.00 5 1,598.00
Sofa Set 2,500.00 2,500.00 5 500.00
Drawers ( file storage) 1,299.00 6,495.00 5 1,299.00
30 Door Metal Locker 14,000.00 14,000.00 5 2,800.00
Total 75,884.00 15,176.80
Grand Total 37,104,832.74 2,294,446.40
Note 20 - Indirect Materials Inventory
Raw Materials Schedule for Begenning Inventory Purchases Available for Used Raw Materials Used Ending, Inventory
Year 1 Initial Inventories Cost Amount Purchases Amount Available for Used Amount Used Raw Materials Amount Ending Inventory
Polypropylene woven sack 2,000.00 /pc 6.05 /pc 12,100.00 20,000.00 /pc 6.05 /pc 121,000.00 22,000.00 /pc 133,100.00 20,377.00 /pc 123,280.85 1,623.00 /pc 6.05 9,819.15
Bag Closer Sack Thread 2,000.00 /metres 0.0550 /metres 110.00 40,000.00 /metres 0.06 /metres 2,200.00 42,000.00 /metres 2,310.00 41,554.50 /metres 2,285.50 445.50 /metres 0.06 24.50
Subtotal 12,210.00 123,200.00 64,000.00 135,410.00 61,931.50 125,566.35 9,843.65

Raw Materials Schedule for Begenning Inventory Purchases Available for Used Raw Materials Used Ending, Inventory
Year 2 Initial Inventories Cost Amount Purchases Amount Available for Used Amount Used Raw Materials Amount Ending Inventory
Polypropylene woven sack 1,623.00 /pc 6.05 /pc 9,819.15 20,000.00 /pc 6.05 /pc 121,000.00 21,623.00 /pc 130,819.15 20,661.00 /pc 124,999.05 962.00 /pc 6.05 5,820.10
Bag Closer Sack Thread 445.50 /metres 0.0550 /metres 24.50 44,000.00 /metres 0.06 /metres 2,420.00 44,445.50 /metres 2,444.50 43,632.00 /metres 2,399.76 813.50 /metres 0.06 44.74
Subtotal 9,843.65 123,420.00 66,068.50 133,263.65 64,293.00 127,398.81 5,864.84

Raw Materials Schedule for Begenning Inventory Purchases Available for Used Raw Materials Used Ending, Inventory
Year 3 Initial Inventories Cost Amount Purchases Amount Available for Used Amount Used Raw Materials Amount Ending Inventory
Polypropylene woven sack 962.00 /pc 6.05 /pc 5,820.10 20,000.00 /pc 6.05 /pc 121,000.00 20,962.00 /pc 126,820.10 20,661.00 /pc 124,999.05 301.00 /pc 6.05 1,821.05
Bag Closer Sack Thread 813.50 /metres 0.0550 /metres 44.74 46,000.00 /metres 0.06 /metres 2,530.00 46,813.50 /metres 2,574.74 45,711.00 /metres 2,514.11 1,102.50 /metres 0.06 60.64
Subtotal 5,864.84 123,530.00 67,775.50 129,394.84 66,372.00 127,513.16 1,881.69

Raw Materials Schedule for Begenning Inventory Purchases Available for Used Raw Materials Used Ending, Inventory
Year 4 Initial Inventories Cost Amount Purchases Amount Available for Used Amount Used Raw Materials Amount Ending Inventory
Polypropylene woven sack 301.00 /pc 6.05 /pc 1,821.05 21,000.00 /pc 6.05 /pc 127,050.00 21,301.00 /pc 128,871.05 20,732.00 /pc 125,428.60 569.00 /pc 6.05 3,442.45
Bag Closer Sack Thread 1,102.50 /metres 0.0550 /metres 60.64 48,000.00 /metres 0.06 /metres 2,640.00 49,102.50 /metres 2,700.64 47,952.00 /metres 2,637.36 1,150.50 /metres 0.06 63.28
Subtotal 1,881.69 129,690.00 70,403.50 131,571.69 68,684.00 128,065.96 3,505.73

Raw Materials Schedule for Begenning Inventory Purchases Available for Used Raw Materials Used Ending, Inventory
Year 5 Initial Inventories Cost Amount Purchases Amount Available for Used Amount Used Raw Materials Amount Ending Inventory
Polypropylene woven sack 569.00 /pc 6.05 /pc 3,442.45 21,000.00 /pc 6.05 /pc 127,050.00 21,569.00 /pc 130,492.45 20,661.00 /pc 124,999.05 908.00 /pc 6.05 5,493.40
Bag Closer Sack Thread 1,150.50 /metres 0.0550 /metres 63.28 58,000.00 /metres 0.06 /metres 3,190.00 59,150.50 /metres 3,253.28 49,866.00 /metres 2,742.63 9,284.50 /metres 0.06 510.65
Subtotal 3,505.73 130,240.00 80,719.50 133,745.73 70,527.00 127,741.68 6,004.05

Note 21 - Raw Materials Inventory

2024 2025 2026 2027 2028 2029
Beg. Raw Materials - 1,900,000.00 311,650.00 325,100.00 338,550.00 249,950.00
Add: - - - - - -
Purchases 1,900,000.00 70,750,000.00 73,360,000.00 73,360,000.00 73,510,000.00 73,410,000.00
Total Raw Materials Avaiable for use 1,900,000.00 72,650,000.00 73,671,650.00 73,685,100.00 73,848,550.00 73,659,950.00
Less; - - - - - -
Spoilage (damage-pest) - - - - - -
Adjusted Raw Materials Avaiable for use - - - - - -
Less: - - - - - -
Raw Materials Used in Production - 72,338,350.00 73,346,550.00 73,346,550.00 73,598,600.00 73,346,550.00
Total Raw Materials End 1,900,000.00 311,650.00 325,100.00 338,550.00 249,950.00 313,400.00
Note 22 - Property, Plant and Equipment
Annual
Particulars Unit Cost Total Cost Useful Life Year 1 Year 2 Year 3 Year 4 Year 5
Depreciation
Land 2,500.00 7,500,000.00 - 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00
Total 7,500,000.00 - 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00

Building 24,176,801.00 24,176,801.00 20 1,208,840.05 22,967,960.95 21,759,120.90 20,550,280.85 19,341,440.80 18,132,600.75

Total 24,176,801.00 1,208,840.05 22,967,960.95 21,759,120.90 20,550,280.85 19,341,440.80 18,132,600.75
Production Machineries
Hammer Mill and Shredder 20 hp with 256,980.00
3 hp Elevator 513,960.00 5 102,792.00 411,168.00 308,376.00 205,584.00 102,792.00 -
Two Stage Mixer 5 hp with 3 hp Elevator270,000.00 270,000.00 5 54,000.00 216,000.00 162,000.00 108,000.00 54,000.00 -
Pellet Making Machine 560,760.00 1,121,520.00 5 224,304.00 897,216.00 672,912.00 448,608.00 224,304.00 -
Dryer 128,756.00 257,512.00 5 51,502.40 206,009.60 154,507.20 103,004.80 51,502.40 -
Total 2,162,992.00 432,598.40 1,730,393.60 1,297,795.20 865,196.80 432,598.40 -
Production Equipment
Fork Lift 125,071.87 250,143.74 5 50,028.75 200,114.99 150,086.24 100,057.50 50,028.75 -
Delivery Vehicle 620,000.00 2,480,000.00 5 496,000.00 1,984,000.00 1,488,000.00 992,000.00 496,000.00 -
Total 2,730,143.74 546,028.75 2,184,114.99 1,638,086.24 1,092,057.50 546,028.75 -
Production Furniture and Fixtures
Stainless Steel Table 2,099.00 4,198.00 5 839.60 3,358.40 2,518.80 1,679.20 839.60 -
Monoblock Chairs 245.00 6,125.00 5 1,225.00 4,900.00 3,675.00 2,450.00 1,225.00 -
Trolley 1,098.00 10,980.00 5 2,196.00 8,784.00 6,588.00 4,392.00 2,196.00 -
Total 21,303.00 4,260.60 17,042.40 12,781.80 8,521.20 4,260.60 -
Office Equipment
All in One Printer ( Multifunction) 18,693.00 37,386.00 5 7,477.20 29,908.80 22,431.60 14,954.40 7,477.20 -
Computer Set 9,180.00 91,800.00 5 18,360.00 73,440.00 55,080.00 36,720.00 18,360.00 -
Emergency Lights 449.00 4,490.00 5 898.00 3,592.00 2,694.00 1,796.00 898.00 -
Exhaust Fan 299.00 8,073.00 5 1,614.60 6,458.40 4,843.80 3,229.20 1,614.60 -
Fire Extinguisher 699.00 3,495.00 5 699.00 2,796.00 2,097.00 1,398.00 699.00 -
Fire Alarm 499.00 998.00 5 199.60 798.40 598.80 399.20 199.60 -
Surveillance Camera 1,689.00 6,756.00 5 1,351.20 5,404.80 4,053.60 2,702.40 1,351.20 -
Ceiling Fan 799.00 3,995.00 5 799.00 3,196.00 2,397.00 1,598.00 799.00 -
Industrial Gasoline Generator 79,986.00 79,986.00 5 15,997.20 63,988.80 47,991.60 31,994.40 15,997.20 -
Industrial Ventilation Fan 3,499.00 10,497.00 5 2,099.40 8,397.60 6,298.20 4,198.80 2,099.40 -
Split- Type Aircon 16,500.00 132,000.00 5 26,400.00 105,600.00 79,200.00 52,800.00 26,400.00 -
Water Dispenser 1,149.00 3,447.00 5 689.40 2,757.60 2,068.20 1,378.80 689.40 -
Refrigerator 10,999.00 10,999.00 5 2,199.80 8,799.20 6,599.40 4,399.60 2,199.80 -
Flat Panel Led Light 433.00 12,990.00 5 2,598.00 10,392.00 7,794.00 5,196.00 2,598.00 -
Projector 10,300.00 10,300.00 5 2,060.00 8,240.00 6,180.00 4,120.00 2,060.00 -
72 inches Projector Screen 1,299.00 1,299.00 5 259.80 1,039.20 779.40 519.60 259.80 -
32 inch Television 9,599.00 19,198.00 5 3,839.60 15,358.40 11,518.80 7,679.20 3,839.60 -
Total 437,709.00 87,541.80 350,167.20 262,625.40 175,083.60 87,541.80 -
Furniture and Fixture - Office
Conference Meeting Table 16,924.00 16,924.00 5 3,384.80 13,539.20 10,154.40 6,769.60 3,384.80 -
Conference Meeting Chair 999.00 14,985.00 5 2,997.00 11,988.00 8,991.00 5,994.00 2,997.00 -
Office Table 1,299.00 12,990.00 5 2,598.00 10,392.00 7,794.00 5,196.00 2,598.00 -
Office Chair 799.00 7,990.00 5 1,598.00 6,392.00 4,794.00 3,196.00 1,598.00 -
Sofa Set 2,500.00 2,500.00 5 500.00 2,000.00 1,500.00 1,000.00 500.00 -
Drawers ( file storage) 1,299.00 6,495.00 5 1,299.00 5,196.00 3,897.00 2,598.00 1,299.00 -
30 Door Metal Locker 14,000.00 14,000.00 5 2,800.00 11,200.00 8,400.00 5,600.00 2,800.00 -
Total 75,884.00 15,176.80 60,707.20 45,530.40 30,353.60 15,176.80 -
Grand Total 37,104,832.74 2,294,446.40 34,810,386.34 32,515,939.94 30,221,493.55 27,927,047.15 25,632,600.75
Note 23 - SSS Contribution Payables
SSS Contribution Remittance Schedule CY 2024 CY 2025 CY 2026 CY 2027 CY 2028 CY 2029
Beg. Unremitted - 132,500.00 132,500.00 132,500.00 132,500.00 132,500.00
Add: Withholding for the Year
Employee Share 84,240.00 505,440.00 505,440.00 505,440.00 505,440.00 505,440.00
Employer's Share 180,760.00 1,084,560.00 1,084,560.00 1,084,560.00 1,084,560.00 1,084,560.00
Total to be Remitted 265,000.00 1,722,500.00 1,722,500.00 1,722,500.00 1,722,500.00 1,722,500.00
Less: Remittance for the Year 132,500.00 1,590,000.00 1,590,000.00 1,590,000.00 1,590,000.00 1,590,000.00
End, Unremitted Balance 132,500.00 132,500.00 132,500.00 132,500.00 132,500.00 132,500.00

Note 24 - PHIC Contribution Payables

PHIC Contribution Remittance Schedule CY 2024 CY 2025 CY 2026 CY 2027 CY 2028 CY 2029
Beg. Unremitted - 46,800.00 46,800.00 46,800.00 46,800.00 46,800.00
Add: Withholding for the Year
Employee Share 46,800.00 280,800.00 280,800.00 280,800.00 280,800.00 280,800.00
Employer's Share 46,800.00 280,800.00 280,800.00 280,800.00 280,800.00 280,800.00
Total to be Remitted 93,600.00 608,400.00 608,400.00 608,400.00 608,400.00 608,400.00
Less: Remittance for the Year 46,800.00 561,600.00 561,600.00 561,600.00 561,600.00 561,600.00
End, Unremitted Balance 46,800.00 46,800.00 46,800.00 46,800.00 46,800.00 46,800.00

Note 25 - PAG-IBIG Contribution Payables

HDMF Contribution Remittance CY 2024 CY 2025 CY 2026 CY 2027 CY 2028 CY 2029
Beg. Unremitted - 37,440.00 37,440.00 37,440.00 37,440.00 37,440.00
Add: Withholding for the Year
Employee Share 37,440.00 224,640.00 224,640.00 224,640.00 224,640.00 224,640.00
Employer's Share 37,440.00 224,640.00 224,640.00 224,640.00 224,640.00 224,640.00
Total to be Remitted 74,880.00 486,720.00 486,720.00 486,720.00 486,720.00 486,720.00
Less: Remittance for the Year 37,440.00 449,280.00 449,280.00 449,280.00 449,280.00 449,280.00
End, Unremitted Balance 37,440.00 37,440.00 37,440.00 37,440.00 37,440.00 37,440.00

Note 26 - Withholding Tax Payable

CY 2024 CY 2025 CY 2026 CY 2027 CY 2028 CY 2029
Beg. Balance - - - - - -
Add: Taxes Withheld - - - - - -
To be remitted - - - - - -
Less: Total Remittance for the year - - - - - -
End, Balance - - - - - -

Note 27 - Income Tax Payable

CY 2024 CY 2025 CY 2026 CY 2027 CY 2028 CY 2029
Beg. Balance, Unremitted - 118,397.27 2,191,171.82 3,758,118.15 5,433,419.07
Income Tax 473,589.10 1,634,830.89 2,977,016.53 4,522,857.92 6,663,606.26
Total to be Remmited - 473,589.10 1,753,228.17 5,168,188.35 8,280,976.07 12,097,025.33
Remittance 355,191.82 - 437,943.65 1,410,070.21 2,847,557.00 4,832,611.73
Ending, Income Tax Payable 118,397.27 2,191,171.82 3,758,118.15 5,433,419.07 7,264,413.60
Note 28 - Payment of Salaries and Wages
(Salaries and Wages for CY 2024 Payroll)
No. of BIR Withholding Tax
Position Monthly Salary CY 2024 Mandatory Dedections - EMPLOYEE Share Net Take Home Pay
Personnel
(Nov-Dec) SSS Philhealth HDMF Net
Direct labor
Pelletizing Equipment Operator 4 18,000.00 144,000.00 6,480.00 3,600.00 2,880.00 131,040.00 - 131,040.00
Greenhouse Keeper 1 15,000.00 30,000.00 1,350.00 750.00 600.00 27,300.00 - 27,300.00
Harvesting Staff 2 15,000.00 60,000.00 2,700.00 1,500.00 1,200.00 54,600.00 - 54,600.00
Drying Machine Operator 2 18,000.00 72,000.00 3,240.00 1,800.00 1,440.00 65,520.00 - 65,520.00
Cleaning Process Staff 4 15,000.00 120,000.00 5,400.00 3,000.00 2,400.00 109,200.00 - 109,200.00
Powdering Machine Operator 3 18,000.00 108,000.00 4,860.00 2,700.00 2,160.00 98,280.00 - 98,280.00
Maintenance Technician 2 15,000.00 60,000.00 2,700.00 1,500.00 1,200.00 54,600.00 - 54,600.00
Quality Inspector 2 18,000.00 72,000.00 3,240.00 1,800.00 1,440.00 65,520.00 - 65,520.00
Packaging Staff 2 15,000.00 60,000.00 2,700.00 1,500.00 1,200.00 54,600.00 - 54,600.00
SubTotal 22 147,000.00 726,000.00 32,670.00 18,150.00 14,520.00 660,660.00 - 660,660.00
Indirect labor 0 - -
Logistics Personnel 2 18,000.00 72,000.00 3,240.00 1,800.00 1,440.00 65,520.00 - 65,520.00
Operations Manager 1 20,000.00 40,000.00 1,800.00 1,000.00 800.00 36,400.00 - 36,400.00
Process Engineers 2 20,000.00 80,000.00 3,600.00 2,000.00 1,600.00 72,800.00 - 72,800.00
Safety Specialist 1 18,000.00 36,000.00 1,620.00 900.00 720.00 32,760.00 - 32,760.00
Greenhouse Caretaker 1 18,000.00 36,000.00 1,620.00 900.00 720.00 32,760.00 - 32,760.00
Procurement Staff 2 18,000.00 72,000.00 3,240.00 1,800.00 1,440.00 65,520.00 - 65,520.00
SubTotal 9 112,000.00 336,000.00 15,120.00 8,400.00 6,720.00 305,760.00 - 305,760.00
Selling and Adminsitrative 0 - -
Marketing and Sales Manager 1 25,000.00 50,000.00 2,250.00 1,250.00 1,000.00 45,500.00 - 45,500.00
Human Resource Manager 1 25,000.00 50,000.00 2,250.00 1,250.00 1,000.00 45,500.00 - 45,500.00
Supply Chain and Logistic Manager 1 25,000.00 50,000.00 2,250.00 1,250.00 1,000.00 45,500.00 - 45,500.00
Accounting Staff 2 25,000.00 100,000.00 4,500.00 2,500.00 2,000.00 91,000.00 - 91,000.00
IT Staff 1 20,000.00 40,000.00 1,800.00 1,000.00 800.00 36,400.00 - 36,400.00
Utility Personnel 4 12,000.00 96,000.00 4,320.00 2,400.00 1,920.00 87,360.00 - 87,360.00
Company Nurse 1 20,000.00 40,000.00 1,800.00 1,000.00 800.00 36,400.00 - 36,400.00
Warehouse Staff 4 12,000.00 96,000.00 4,320.00 2,400.00 1,920.00 87,360.00 - 87,360.00
Security 2 18,000.00 72,000.00 3,240.00 1,800.00 1,440.00 65,520.00 - 65,520.00
Driver 6 18,000.00 216,000.00 9,720.00 5,400.00 4,320.00 196,560.00 - 196,560.00
SubTotal 23 200,000.00 810,000.00 36,450.00 20,250.00 16,200.00 737,100.00 - 737,100.00
Grand Total 54 1,872,000.00 84,240.00 46,800.00 37,440.00 1,703,520.00 - 1,703,520.00
Summary
Direct labor 22 726,000.00 32,670.00 18,150.00 14,520.00 660,660.00 - 660,660.00
Indirect labor 9 336,000.00 15,120.00 8,400.00 6,720.00 305,760.00 - 305,760.00
Selling and Adminsitrative 23 810,000.00 36,450.00 20,250.00 16,200.00 737,100.00 - 737,100.00
Total 54 1,872,000.00 84,240.00 46,800.00 37,440.00 1,703,520.00 - 1,703,520.00
 (Salaries and Wages for CY 2025-2029 Payroll)
No. of BIR Withholding Tax
Position Monthly Salary Mandatory Dedections - EMPLOYEE Share Net Take Home Pay
Personnel Jan - Dec
SSS Philhealth HDMF Net
Direct labor
Pelletizing Equipment Operator 4 18,000.00 864,000.00 38,880.00 21,600.00 17,280.00 786,240.00 - 786,240.00
Greenhouse Keeper 1 15,000.00 180,000.00 8,100.00 4,500.00 3,600.00 163,800.00 - 163,800.00
Harvesting Staff 2 15,000.00 360,000.00 16,200.00 9,000.00 7,200.00 327,600.00 - 327,600.00
Drying Machine Operator 2 18,000.00 432,000.00 19,440.00 10,800.00 8,640.00 393,120.00 - 393,120.00
Cleaning Process Staff 4 15,000.00 720,000.00 32,400.00 18,000.00 14,400.00 655,200.00 - 655,200.00
Powdering Machine Operator 3 18,000.00 648,000.00 29,160.00 16,200.00 12,960.00 589,680.00 - 589,680.00
Maintenance Technician 2 15,000.00 360,000.00 16,200.00 9,000.00 7,200.00 327,600.00 - 327,600.00
Quality Inspector 2 18,000.00 432,000.00 19,440.00 10,800.00 8,640.00 393,120.00 - 393,120.00
Packaging Staff 2 15,000.00 360,000.00 16,200.00 9,000.00 7,200.00 327,600.00 - 327,600.00
SubTotal 22 147,000.00 4,356,000.00 196,020.00 108,900.00 87,120.00 3,963,960.00 - 3,963,960.00
Indirect labor 0 - -
Logistics Personnel 2 18,000.00 432,000.00 19,440.00 10,800.00 8,640.00 393,120.00 - 393,120.00
Operations Manager 1 20,000.00 240,000.00 10,800.00 6,000.00 4,800.00 218,400.00 - 218,400.00
Process Engineers 2 20,000.00 480,000.00 21,600.00 12,000.00 9,600.00 436,800.00 - 436,800.00
Safety Specialist 1 18,000.00 216,000.00 9,720.00 5,400.00 4,320.00 196,560.00 - 196,560.00
Greenhouse Caretaker 1 18,000.00 216,000.00 9,720.00 5,400.00 4,320.00 196,560.00 - 196,560.00
Procurement Staff 2 18,000.00 432,000.00 19,440.00 10,800.00 8,640.00 393,120.00 - 393,120.00
SubTotal 9 112,000.00 2,016,000.00 90,720.00 50,400.00 40,320.00 1,834,560.00 - 1,834,560.00
Selling and Adminsitrative 0 - -
Marketing and Sales Manager 1 25,000.00 300,000.00 13,500.00 7,500.00 6,000.00 273,000.00 - 273,000.00
Human Resource Manager 1 25,000.00 300,000.00 13,500.00 7,500.00 6,000.00 273,000.00 - 273,000.00
Supply Chain and Logistic Manager 1 25,000.00 300,000.00 13,500.00 7,500.00 6,000.00 273,000.00 - 273,000.00
Accounting Staff 2 25,000.00 600,000.00 27,000.00 15,000.00 12,000.00 546,000.00 - 546,000.00
IT Staff 1 20,000.00 240,000.00 10,800.00 6,000.00 4,800.00 218,400.00 - 218,400.00
Utility Personnel 4 12,000.00 576,000.00 25,920.00 14,400.00 11,520.00 524,160.00 - 524,160.00
Company Nurse 1 20,000.00 240,000.00 10,800.00 6,000.00 4,800.00 218,400.00 - 218,400.00
Warehouse Staff 4 12,000.00 576,000.00 25,920.00 14,400.00 11,520.00 524,160.00 - 524,160.00
Security 2 18,000.00 432,000.00 19,440.00 10,800.00 8,640.00 393,120.00 - 393,120.00
Driver 6 18,000.00 1,296,000.00 58,320.00 32,400.00 25,920.00 1,179,360.00 - 1,179,360.00
SubTotal 23 200,000.00 4,860,000.00 218,700.00 121,500.00 97,200.00 4,422,600.00 - 4,422,600.00
Grand Total 54 11,232,000.00 505,440.00 280,800.00 224,640.00 10,221,120.00 - 10,221,120.00
Summary
Direct labor 22 4,356,000.00 196,020.00 108,900.00 87,120.00 3,963,960.00 - 3,963,960.00
Indirect labor 9 2,016,000.00 90,720.00 50,400.00 40,320.00 1,834,560.00 - 1,834,560.00
Selling and Adminsitrative 23 4,860,000.00 218,700.00 121,500.00 97,200.00 4,422,600.00 - 4,422,600.00
Total 54 11,232,000.00 505,440.00 280,800.00 224,640.00 10,221,120.00 - 10,221,120.00
Note 29 - Production Supplies
Production Supplies Quantity Unit Cost (PHP) Total Cost (PHP) Year 1 Year 2 Year 3 Year 4 Year 5
Production Supplies
Chemical Resistant Gloves 50 65.00 3,250.00 39,000.00 39,780.00 40,575.60 41,387.11 42,214.85
Safety Goggles 40 89.00 3,560.00 42,720.00 43,574.40 44,445.89 45,334.81 46,241.50
Safety Shoes 15 516.00 7,740.00 92,880.00 94,737.60 96,632.35 98,565.00 100,536.30
Hairnet 7 99.00 693.00 8,316.00 8,482.32 8,651.97 8,825.01 9,001.51
2x3x6 Plastic Pallets 10 358.00 3,580.00 42,960.00 43,819.20 44,695.58 45,589.50 46,501.29
Subtotal 18,823.00 225,876.00 230,393.52 235,001.39 239,701.42 244,495.45
Financial Analysis – Financial Ratios
PERFORMANCE EFFICIENCY/PROFITABILITY RATIO

1. Grosss MarginIndicate the extent to which claims of short term creditors are covered by assets that are expected to be
converted to cash within normal operating cycle.
Formula:
Gross (Net Sales - Cost of Sales)
=
Margin Net Sales

Year 1 Year 2 Year 3 Year 4 Year 5

(2025) (2026) (2027) (2028) (2029)
Net Sales 108,412,073.00 131,540,318.00 156,656,171.00 183,759,611.00 212,850,652.00
Less: Cost of Sales 81,523,643.02 82,538,193.00 82,542,915.21 82,800,218.05 82,552,637.79
Gross Profit 26,888,429.98 49,002,125.00 74,113,255.79 100,959,392.95 130,298,014.21
Gross Margin 24.80% 37.25% 47.31% 54.94% 61.22%

2. Net profit Measures profitability after considering all revenue and expenses, including interest, taxes and non-operating
margin items.
Formula:
Net profit Net Profit After Tax
=
margin Net Sales

Year 1 Year 2 Year 3 Year 4 Year 5

(2025) (2026) (2027) (2028) (2029)
Net Profit After Tax 9,737,821.30 26,294,061.84 45,097,417.77 65,201,028.79 87,172,963.19
Net Sales 108,412,073.00 131,540,318.00 156,656,171.00 183,759,611.00 212,850,652.00
Net profit margin 8.98% 19.99% 28.79% 35.48% 40.95%

3. Cash Flow Measures or perspective on operating performance and ability of the firm to translate sales to cash to enable it
Margin to service debt, pay dividends or invest in new capital assets.
Formula:
Cash Flow Cash Flow from Operation
=
Margin Net Sales

Year 1 Year 2 Year 3 Year 4 Year 5

(2025) (2026) (2027) (2028) (2029)
Cash Flow from Operation 14,434,469.16 29,958,723.76 48,949,343.65 69,257,752.07 91,232,455.81
Net Sales 108,412,073.00 131,540,318.00 156,656,171.00 183,759,611.00 212,850,652.00
Cash Flow Margin 13.31% 22.78% 31.25% 37.69% 42.86%
 LIQUIDITY RATIO/SHORT TERM FINANCIAL POSITION

1. Current Ratio Indicate the extent to which claims of short term creditors are covered by assets that are expected to be
converted to cash within normal operating cycle.
Formula:
Current Assets
Current Ratio =
Current Liabilities

Year 1 Year 2 Year 3 Year 4 Year 5

(2025) (2026) (2027) (2028) (2029)
Current Assets 23,652,941.70 53,621,136.64 102,579,947.14 171,750,723.24 263,049,127.37
Current Liabilities 1,028,225.11 2,407,911.82 3,974,858.15 5,650,159.07 7,481,153.60
Current Ratio 23.00 22.27 25.81 30.40 35.16

2. Acid Test A more severe test of immediate solvency; test of ability to meet demands from current assets.
Ratio
Formula:
Current Assets - Invetories
Acid Test Ratio =
Current Liabilities

Year 1 Year 2 Year 3 Year 4 Year 5

(2025) (2026) (2027) (2028) (2029)
Current Assets 23,652,941.70 53,621,136.64 102,579,947.14 171,750,723.24 263,049,127.37
Less: Inventories 321,493.65 330,964.84 340,431.69 253,455.73 319,404.05
Quick Assets 23,331,448.04 53,290,171.80 102,239,515.45 171,497,267.52 262,729,723.32
Current Liabilities 1,028,225.11 2,407,911.82 3,974,858.15 5,650,159.07 7,481,153.60
Acid Test Ratio 23.00 22.27 25.81 30.40 35.16

3. Working Excess or available current assets after considering pay-off.

Capital
Formula:
Working Capital = Current Assets - Current Liabilities

Year 1 Year 2 Year 3 Year 4 Year 5

(2025) (2026) (2027) (2028) (2029)
Current Assets 23,652,941.70 53,621,136.64 102,579,947.14 171,750,723.24 263,049,127.37
Current Liabilities 1,028,225.11 2,407,911.82 3,974,858.15 5,650,159.07 7,481,153.60
Working Capital 22,624,716.59 51,213,224.82 98,605,088.99 166,100,564.18 255,567,973.77
 MANAGEMENT EFFICIENCY / TURN-OVER RATIO

1. Inventory Measure efficiency of the firm in managing and selling inventories.

Turnover
Formula:
Inventory Cost of Goods Sold (COGS)
=
Turnover Average Inventory Balance (Beg. Inv. + End Inv./2)

Year 1 Year 2 Year 3 Year 4 Year 5

(2025) (2026) (2027) (2028) (2029)
Cost of Sales 81,523,643.02 15,781,559.82 16,663,333.02 17,638,170.94 18,716,865.40
Beg. Inventory 1,912,210.00 321,493.65 330,964.84 340,431.69 253,455.73
Ending Inventory 321,493.65 330,964.84 340,431.69 253,455.73 319,404.05
Average Inventory 1,116,851.83 326,229.25 335,698.27 296,943.71 286,429.89
Inventory Turnover 72.99 48.38 49.64 59.40 65.35

LEVERAGE RATIO/LONG TERM FINANCIAL POSITION

1. Debt Ratio Shows proportion of all assets that are financed with debt.

Formula:
Total Liabilities
Debt Ratio =
Total Assets

Year 1 Year 2 Year 3 Year 4 Year 5

(2025) (2026) (2027) (2028) (2029)
Total Liabilities 1,028,225.11 2,407,911.82 3,974,858.15 5,650,159.07 7,481,153.60
Total Assets 58,463,328.04 86,137,076.59 132,801,440.68 199,677,770.39 288,681,728.12
Debt Ratio 1.76% 2.80% 2.99% 2.83% 2.59%

2. Equity Ratio Indicates proportion of assets provided by owners. Reflects financial strenght and caution to creditors.

Formula:
Total Equity
Equity Ratio =
Total Assets

Year 1 Year 2 Year 3 Year 4 Year 5

(2025) (2026) (2027) (2028) (2029)
Total Equity 57,435,102.93 83,729,164.76 128,826,582.53 194,027,611.32 281,200,574.52
Total Assets 58,463,328.04 86,137,076.59 132,801,440.68 199,677,770.39 288,681,728.12
Equity Ratio 98.24% 97.20% 97.01% 97.17% 97.41%

3. Debt to Measures debt relative to amount of resources provided by owners.

Equity Ratio
Formula:
Debt to Equity Total Liabilities
=
Ratio Total Equity

Year 1 Year 2 Year 3 Year 4 Year 5

(2025) (2026) (2027) (2028) (2029)
Total Liabilities 1,028,225.11 2,407,911.82 3,974,858.15 5,650,159.07 7,481,153.60
Total Equity 57,435,102.93 83,729,164.76 128,826,582.53 194,027,611.32 281,200,574.52
Debt to Equity Ratio 1.79% 2.88% 3.09% 2.91% 2.66%
 PROFITABILITY RATIO/RATE OF RETURN

1. Return on Measure and evaluate the efficiency of the investment.

Investment
(ROI)
Formula:
Return on Net Income after Tax
=
Investment Total Investment

Year 1 Year 2 Year 3 Year 4 Year 5

(2025) (2026) (2027) (2028) (2029)
Net Income after Tax 9,737,821.30 26,294,061.84 45,097,417.77 65,201,028.79 87,172,963.19
Total Investment 50,000,000.00 50,000,000.00 50,000,000.00 50,000,000.00 50,000,000.00
Return on Investment (ROI) 19.48% 52.59% 90.19% 130.40% 174.35%

2. Return on Measures debt relative to amount of resources provided by owners.

Assets
Formula:
Return on Net Income after Tax
=
Assets Total Assets

Year 1 Year 2 Year 3 Year 4 Year 5

(2025) (2026) (2027) (2028) (2029)
Net Income after Tax 9,737,821.30 26,294,061.84 45,097,417.77 65,201,028.79 87,172,963.19
Total Assets 58,463,328.04 86,137,076.59 132,801,440.68 199,677,770.39 288,681,728.12
Return on Assets 16.66% 30.53% 33.96% 32.65% 30.20%
3. Return on Measure rate of return on resources provided by owners.
Equity
Formula:
Return on Net Income after Tax
=
Equity Total Equity

Year 1 Year 2 Year 3 Year 4 Year 5

(2025) (2026) (2027) (2028) (2029)
Net Income after Tax 9,737,821.30 26,294,061.84 45,097,417.77 65,201,028.79 87,172,963.19
Total Equity 57,435,102.93 83,729,164.76 128,826,582.53 194,027,611.32 281,200,574.52
Return on Equity 16.95% 31.40% 35.01% 33.60% 31.00%

Payback Period
PAYBACK PERIOD

1. Payback Measure the length of time required to recover the amount of initial investment.
Period
Cummulative Investment
Initial Capital Net Cash Inflow Payback Period
Cash Inflow Balance
Year 1 50,000,000.00 14,434,469.16 14,434,469.16 35,565,530.84 1.00
Year 2 29,958,723.76 44,393,192.92 5,606,807.08 1.00
Year 3 48,949,343.65 93,342,536.57 0.11
Year 4 69,257,752.07 162,600,288.63
Year 5 91,232,455.81 253,832,744.44
Payback Period 2.11