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QUEEN SHE CO.

Quezon City

PROJECTED BALANCE SHEETS


FOR FIVE-YEAR PERIOD YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5
ASSETS
CURRENT ASSETS
Cash 695,842.19 880,392.84 1,068,244.72 1,292,367.55 1,441,915.17
Accounts Receivable 121,407.00 Sales/12/2 126,263.50 +4% 131,314.05 136,566.60 142,029.30
Supplies Inventory - Total Consumption/12 12,659.73 13,431.79 14,252.71 15,124.86
Total Current Assets 817,249.19 1,019,316.07 1,212,990.56 1,443,186.86 1,599,069.33

NON-CURRENT ASSETS
Property and Equipment
Cooking Tools & Equipment 77,135.26 77,135.26 77,135.26 77,135.26 192,838.15
Less: Accumulated Depreciation 15,427.05 30,854.10 46,281.15 61,708.20 77,135.26
Net Property and Equipment 61,708.21 46,281.16 30,854.11 15,427.06 115,702.89

TOTAL ASSETS 878,957.40 1,065,597.23 1,243,844.67 1,458,613.92 1,714,772.22

PARTNERSHIP'S LIABILITIES AND EQUITY


LIABILITIES
Current Liabilities
Income Tax Payable 129,750.64 Income Tax/4 27,567.26 34,383.31 41,913.10 50,406.38
Value Added Tax Payable 14,851.27 Output-Less Input/12 16,336.40 +10% 17,970.04 19,767.04 21,743.75
SSS, Phil Health &Pag-ibig Premiums Payable 4,053.50 ER contributions/.60/12 4,134.57 4,217.26 4,301.61 4,387.64
Accounts Payable - 10% total Purchases=Raw Mat& Supplies Purch 146,435.84 10% Purch 155,443.51 164,942.60 175,037.35
Accrued Expenses 4,799.00 Utilities Expense /12 5,038.95 5,290.90 5,555.44 5,833.21
Total Liabilities 153,454.41 199,513.02 217,305.02 236,479.79 257,408.33

PARTNERSHIP'S EQUITY
Partners' Capital-Beginning 120,000.00 725,502.99 854,150.21 1,014,605.65 1,210,200.13
Add: Net Income for the Year 1,211,005.98 257,294.44 320,910.88 391,188.97 470,459.54
Total 1,331,005.98 982,797.43 1,175,061.09 1,405,794.62 1,680,659.67
Less: Distributed Income Partners' Share in Profits 605,502.99 128,647.22 160,455.44 195,594.49 235,229.77
Total Partners' Equity 725,502.99 854,150.21 1,014,605.65 1,210,200.13 1,445,429.90

TOTAL LIABILITIES AND PARTNERSHIP'S EQUITY 878,957.40 1,053,663.23 1,231,910.67 1,446,679.92 1,702,838.22

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