BATANGAS LAGUNA AUTOCENTER, INC.

CONSOLIDATED PROFIT AND LOSS

FOR THE MONTH OF OCTOBER, 2014
SALES STO.TOMAS
Sales Sto.Tomas
Sales Admin

SERVICE STO.TOMAS
Parts
Service

Sales Lipa

KIA LIPA
service Lipa

Bldg & Maint

REVENUE
Sales
Income from Financing
Income from Insurance
Income From LTO
Interest Income S/A
Other Income

14,156,249.99
660,438.00
599.48
113,649.52

2,428.66
179.45

###
###
###
-

###

Service
14,930,936.99

Cost of Goods Sold

Cost of Sales
Cost of Service

13,750,892.88

Total COGS

13,750,892.88

Direct Cost
Commission Expense
LTO Registration Expense
Chattel - Client
Promo Fuel
Promo Insurance
Promo Items
Repair & Maint-Units

Gross Profit after Direct Cost

14,619.55

3,198,571.42
327,552.00
###
###
###
1.00

1,072,928.94

Total Income

Gross Profit

1,180,044.11

2,608.11 -

###

1,087,548.49###

725.00

###
###
###
###
###
-

151,326.13
3,526,124.42

152,051.13###

512,167.12

3,123,214.29

77,509.41

###

512,167.12###

3,123,214.29

77,509.41###

2,608.11 -

575,381.37###

402,910.13

74,541.72###

43,535.01
70,700.00
136,385.00
1,746.42
354,728.18
5,366.06
10,806.00

623,266.67

556,777.44

###
###
###
###
###
###

30,225.05
37,100.00
90,690.00
200.00
76,135.54
401.79

###
###
###
###
###
###

- ###

234,752.38

- ###

2,608.11 -

575,381.37###

168,157.75

74,541.72###

SALES STO.TOMAS
Sales Sto.Tomas
Sales Admin
Expense
13th Month Pay
Allowance
Allowance SC's
Communication Expense
Donation
Employees Benefits
Equipment Expense
Fuel & Lubricant
Insurance Expense
Meal Allowance
Miscellaneous Expense
Pag-ibig Contribution
Periodicals
Philhealth Contribution
Postage,Tel & Cable
Power, Light & H2O
Printing & Office Supplies
Professional Fees
Promo & Ads
Rent Expense
Repairs and Maintenance
Representation & Entertainment
Salaries & Wages
Sales Consultant Allowance
Security Fee
Service Charge Credit Card
SSS Contribution
Taxes & Licenses
Telephone Expense
Toll Fee & Parking
Training & Seminar Allowance
Transpo & Travel
Total Expense

Net Ordinary Income

SERVICE STO.TOMAS
Parts
Service

Sales Lipa

KIA LIPA
service Lipa

Bldg & Maint

5,500.00
22,966.43
1,617.25
1,750.00
2,350.00
17,237.58
150.00
12,943.25
200.00
266.50
665.00
52.50
535.00
104,583.00
4,193.92
7,831.74
26,677.75
17,116.38
2,556.50
229,192.80

5,833.33
70,391.61
2,500.00
###
6,906.07
8,032.69
175.90
100.00
125.00
727.00
21,133.53
4,083.00
1,500.00
43,594.05
###
5,055.86
17.00
29,080.72
23,746.48
###
746.70
37,613.39
4,513.93
###
1,038.00
266,914.26 -

833.33
4,816.41
###
684.00
1,850.00
###
###
###
100.00
4,457.21
3,469.76
852.50
14,652.91
###
636.20
1,716.01
###
###
436.00
32,169.01
71,287.27

5,833.33
88,378.09
1,076.00
4,250.00
26,579.00
689.00
4,437.03
2,930.02
1,679.51
600.00
266.50
537.50
2,400.82
33,908.45
2,641.80
1,500.00
2,500.00
20,520.62
5,445.50
79,639.04
23,746.49
3,042.74
3,365.10
31,321.32
4,513.94
5,634.87
208.00
2,810.00
360,454.67###

3,000.00
3,600.00
6,185.65
###
233.00
225.00
4,489.88
568.00
5,928.21
35,000.00
13,807.94
1,594.17
9,617.83
2,500.00
8,768.64
1,382.90
419.50
59.00
97,379.72

3,541.66
14,038.45
675.00
794.52
288.25
300.00
450.00
71.00
4,726.03
47.50
35,000.00
7,299.22
1,925.66
5,222.93
8,768.64
2,765.80
470.50
158.00
86,543.16###

2,499.99
5,000.00
###
###
3,600.00
###
###
###
###
###
300.00
###
###
26,742.40
###
###
1,908.60
###
###
###
40,350.99

327,584.64

(264,306.15) -

(71,287.27)

214,926.70###

70,778.03

(12,001.44)###

(40,350.99)

SALES STO.TOMAS
Sales Sto.Tomas
Sales Admin
Interest Expense
Interest Expense Bank Loan

Depreciation Expense
Depreciation Expense

Net Income

SERVICE STO.TOMAS
Parts
Service

Sales Lipa

KIA LIPA
service Lipa

341,962.95

341,962.95 -

- ###

- ###

38,837.81
38,837.81 -

2,226.56
2,226.56

75,421.71
75,421.71###

- ###

###
-

(645,106.91) -

(73,513.83)

139,504.99###

(12,001.44)###

(40,350.99)

327,584.64

###

Bldg & Maint

70,778.03

###

Executive

FAD

Operations

TOTAL

###
###
###
###
###

###

###

17,354,821.41
987,990.00
2,428.66
599.48
179.45
128,995.07
1,224,255.07
19,699,269.14
16,874,107.17
589,676.53
17,463,783.70
-

2,235,485.44
-

###
###
###
###
###
###

73,760.06
107,800.00
227,075.00
1,946.42
430,863.72
5,767.85
10,806.00

858,019.05
-

1,377,466.39

Executive

FAD

Operations

TOTAL

141,153.99
5,990.99
650.00
19,961.43
3,132.80
91.75
100.00
250.00
150.00
45,265.82
1,135.00
25.00
3,588.00
221,494.78

8,083.33
30,000.00
1,163.71
2,450.00
10,854.30
300.00
325.00
1,430.85
5,000.00
28,539.03
2,019.10
90,165.32

17,865.38
###
2,155.86
###
5,450.00
###
5,626.96
###
###
###
###
###
###
###
###
6,396.29
###
###
###
###
800.00
58,153.80
###
###
###
###
###
###
###
###
###
99,092.39

35,124.97
371,643.93
26,566.43
13,362.81
8,500.00
42,929.00
689.00
72,003.54
14,095.51
150.00
15,411.66
2,300.00
533.00
2,637.50
8,321.03
67,780.15
15,702.44
3,000.00
156,605.26
70,000.00
51,027.56
68,732.39
251,648.66
29,177.75
65,030.25
3,042.74
15,978.50
70,650.72
13,541.80
23,666.25
644.00
42,378.51
1,562,875.36
-

(221,494.78)

(90,165.32)

(99,092.39)

(185,408.97)
-

Executive

FAD

Operations

TOTAL

###

268,582.34
268,582.34

34,321.59
34,321.59

(490,077.12)

(124,486.91)

(99,092.39)

341,962.95
341,962.95
419,390.01
419,390.01
(946,761.93)

BALAI - SALES

4:46 PM
12/03/14
Accrual Basis

Balance Sheet

As of October 31, 2014

Oct 31, 14

ASSETS
Current Assets
Checking/Savings
CASH IN BANK
BDO - Sto. Tomas

1,266,913.23

BPI SAVINGS - Lipa

21,031.66

LANDBANK - Tanauan

46,193.72

MAYBANK - Lipa
UCPB - Sto. Tomas
UCPB (RF) - Sto. Tomas
Total CASH IN BANK

50,218.92
5,984,464.18
215,520.08
7,584,341.79

Petty Cash

18,000.00

Revolving Fund

25,000.00

Total Checking/Savings

7,627,341.79

Other Current Assets

Advances to Officers & Employee
Advances to Subsidiary
Allowance for Bad Debts
AR-BANKS
AR-CMC
AR-OTHERS
AR-PDC
AR-SERVICE FUEL & OIL
AR-TRADE
Creditable Tax Withheld
DEALERS INCOME
Guaranty Deposit

2,416,836.50
20,000.00
(976,088.59)
17,296,659.00
15,112.93
10,624,850.59
449,463.89
1,000.00
8,928,300.00
246,381.40
3,604,253.00
190,000.00

Input Tax

4,256,678.58

INSURANCE CLAIMS

1,053,124.93

Inventory Units

35,472,321.49

Inventory Parts

6,868,250.52

Investment

52,040.45

Prepaid Insurance

80,716.88

Prepayment

1,302,931.63

Prepayment BP Supplies

56,888.84

Prepayment Office Supplies

88,928.28

WARRANTY CLAIMS
FOR ADJUSTMENT
Total Other Current Assets

Total Current Assets

276,784.71
98,866.89
92,424,301.92

100,051,643.71

Page 7 of 15

BALAI - SALES

4:46 PM
12/03/14
Accrual Basis

Balance Sheet

As of October 31, 2014

Oct 31, 14

Fixed Assets
Accumulated Depreciation

(6,794,820.32)

Kitchen Equipment

120,382.74

Leasehold Improvement

584,785.62

Office Equipment

710,638.84

Office Furniture & Fixtures

151,230.43

Office Service Vehicle

4,640,700.86

Re-Organizational Cost

8,783,963.93

Service Tools & Equipment

2,504,350.52

Total Fixed Assets

TOTAL ASSETS

10,701,232.62

110,752,876.33

LIABILITIES & EQUITY

Liabilities
Current Liabilities
Other Current Liabilities
Accrued Expenses

2,047,197.18

AP-AUTOCIRCULO

(31,329,000.00)

AP-Box in One
AP-CAC
AP-MDLK
AP-OP
AP-OPTIONS

1,246.00
40,321,966.23
927,621.35
2,432.50
68,938.00

AP-OTHERS

8,424,225.10

AP-TIAONG RURAL BANK

4,027,631.64

AP-UCPB FLOORSTOCK

8,018,400.00

AP-YCP FARMS

883,406.32

AP-YCP HOLDINGS

663,350.86

Cash Bond Payable

83,371.68

Chattel Mortgage Payable

18,363.00

Customer Deposit

1,364,340.20

Insurance Premium Payable

47,946.00

LTO Registrartion Payable

41,190.00

Output Tax Payable

Pag-ibig Premium Payable
Philhealth Premium Payable
Sales Tax Payable
SSS Premium Payable
Voucher Payable

(685,938.64)
(600.00)
(585.00)
2,211,381.38
(2,008.90)
95,016,665.58

W/Holding Tax @ Source

14,054.82

W/Holding Tax @ Wages

7,216.49

Page 8 of 15

BALAI - SALES

4:46 PM
12/03/14
Accrual Basis

Balance Sheet

As of October 31, 2014

Oct 31, 14
Total Other Current Liabilities

Total Current Liabilities

Total Liabilities

132,172,811.79

132,172,811.79

132,172,811.79

Equity
Capital Stock
Retained Earnings
Net Income
Total Equity

TOTAL LIABILITIES & EQUITY

12,966,000.00
(33,439,173.53)
(946,761.93)
(21,419,935.46)

110,752,876.33

Page 9 of 15

BATANGAS LAGUNA AUTOCENTER, INC.

CONSOLIDATED PROFIT AND LOSS
FOR THE MONTH OF NOVEMBER, 2014
SALES STO.TOMAS
Sales Sto.Tomas

SERVICE STO.TOMAS

Sales Admin

Parts

KIA LIPA

Service

Sales Lipa

service Lipa

Bldg & Maint

REVENUE
Sales
Income from Financing
Income from Insurance
Income From LTO
Interest Income S/A
Other Income

20,404,901.13
672,288.00
9,669.04

10,495.71
258.28

###
###
###
-

###

Service
21,086,858.17

Cost of Goods Sold

Cost of Sales
Cost of Service

18,820,035.73

Total COGS

18,820,035.73

Direct Cost
Commission Expense
LTO Registration Expense
Chattel - Client
Promo Fuel
Promo Insurance
Promo Items
Repair & Maint-Units

###
###
###

4,000.00

###
###
-

1,023,600.41

Total Income

Gross Profit

2,266,822.44

10,753.99 -

###

1,027,600.41###

- ###

489,189.07

###

489,189.07###

- ###

10,753.99 -

538,411.34###

- ###

119,793.02
105,500.00
165,498.00
4,500.39
276,056.37
32,058.03

703,405.81

###
###
###
###
###
###
-

- ###

- ###

###
###
###
###
###
###
-

SALES STO.TOMAS
Sales Sto.Tomas
Gross Profit after Direct Cost
Expense
13th Month Pay
Allowance
Allowance SC's
Communication Expense
Donation
Employees Benefits
Equipment Expense
Fuel & Lubricant
Insurance Expense
Meal Allowance
Miscellaneous Expense
Pag-ibig Contribution
Periodicals
Philhealth Contribution
Postage,Tel & Cable
Power, Light & H2O
Printing & Office Supplies
Professional Fees
Promo & Ads
Rent Expense
Repairs and Maintenance
Representation & Entertainment
Salaries & Wages
Security Fee
Service Charge Credit Card
SSS Contribution
Taxes & Licenses
Telephone Expense
Toll Fee & Parking
Training & Seminar Allowance
Transpo & Travel
Total Expense

Net Ordinary Income

1,563,416.63

SERVICE STO.TOMAS

Sales Admin
10,753.99 -

5,500.00
1,000.00

Parts

Service
-

833.33
3,950.63

41,807.00
2,532.00

6,857.54

10,520.82
26,462.40

service Lipa
-

Bldg & Maint

- ###

3,541.66
7,000.00

1,513.99

3,000.00
16,750.00
29,400.00
1,066.00

2,499.99
5,000.00

1,218.00

1,650.00

26,729.00

2,000.00

3,250.00

5,982.38

1,801.81

3,694.19

9,129.87

3,965.38

86.00
396.40
200.00

###

300.00

225.00

200.00

300.00

3,382.46
4,878.12

###
182.64

100.00
100.00

###

125.00
1,380.00
20,704.64
3,220.32
6,500.00

100.00

246.00

3,329.53
308.75

1,727.20
500.00
###
537.50
4,289.43
33,070.40
4,159.09
6,500.00

19,550.00
14,887.28
4,516.50

Sales Lipa

2,899.00

199.00
8,057.94

157.50
2,120.73

538,411.34###

KIA LIPA

238.75
16,238.61
98,566.25
23,746.48

40,545.90
5,003.50
10,831.75

5,296.91
849.00

636.20
3,123.29
2,005.61
1,046.00

3,575.00
166,387.64

1,619.00
189,213.04 -

32,425.96

13,274.36
16,356.25
235,484.63
23,746.49
4,302.39
3,365.10
51,216.94
6,233.33
1,635.25
6,729.50
11,248.34
493,542.60###

1,397,028.99

(178,459.05) -

(32,425.96)

44,868.74###

746.70

13,440.81

8,437.00
35,000.00
14,801.75
2,405.67
19,588.00
8,768.64

2,850.00

###
14,592.17
31,009.68
###

27,505.65

1,382.90

1,272.40

1,908.60

982.00
1,150.00
961.00
163,990.81

35.00
600.00
114,218.03###

40,364.24

(163,990.81)

(114,218.03)###

(40,364.24)

SALES STO.TOMAS
Sales Sto.Tomas

Interest Expense
Interest Expense Bank Loan

Depreciation Expense
Depreciation Expense

Net Income

SERVICE STO.TOMAS

Sales Admin

Parts

KIA LIPA

Service

Sales Lipa

service Lipa

Bldg & Maint

337,895.49

337,895.49 -

- ###

- ###

###
- ###

39,491.46
39,491.46

1,357,537.53

2,226.56
2,226.56

75,089.84
75,089.84###

(516,354.54) -

(34,652.52)

(30,221.10)###

(163,990.81)

###

(114,218.03)###

(40,364.24)

Executive

FAD

Operations

TOTAL

20,404,901.13
672,288.00
10,495.71
258.28
13,669.04
1,023,600.41
22,125,212.57
18,820,035.73
489,189.07
19,309,224.80
-

2,815,987.77
-

119,793.02
105,500.00
165,498.00
4,500.39
276,056.37
32,058.03
-

703,405.81
-

Executive

FAD
-

8,333.33
134,471.34

Operations
-

TOTAL
-

7,291.66
7,632.93

5,833.33
4,615.38

742.00

2,192.60

2,371.00

3,900.00

4,155.00

18,825.41

10,435.68

7,630.63
100.00

35.00
100.00

200.00

300.00

250.00
950.00

225.00

325.00

97.75

4,254.96

6,797.71

5,326.00
66,803.51

67,405.63

1,382.90

2,019.10

6,628.00
196,635.40

77.00
108,271.64

256.00
101,630.38

(196,635.40)

(108,271.64)

(101,630.38)

145.00
18,482.57

1,135.00

4,811.00

2,112,581.96
47,354.12
206,882.68
71,207.00
9,264.59
49,804.00
68,322.89
485.00
10,216.54
2,000.00
492.00
2,287.50
6,619.43
64,026.99
26,020.07
13,000.00
27,987.00
70,000.00
57,939.31
63,325.60
559,804.16
65,030.25
4,302.39
13,848.90
94,886.13
18,539.35
20,190.00
7,879.50
24,964.34
1,606,679.74
505,902.22

Executive

FAD

Operations

TOTAL
-

269,684.19
269,684.19

34,975.24
34,975.24

(466,319.59)

(143,246.88)

(101,630.38)

337,895.49
337,895.49
421,467.29
421,467.29
(253,460.56)