FINAL Financial Statement With Ratio

Selling Price
Program Flashing
LCD replacement
Cellphones
Drop signal
Formatting/ Cleaning
Program Flashing
LCD replacement
Tablet
Drop signal
Hard Drive
Memory
Laptop
Motherboard
Software
Defective Phones
Refurbished
Unused Phones
Earphones(Copper Wires)
Accessories Charger
Connectors
250.00
800.00
300.00
250.00
300.00
1,200.00
350.00
300.00
2,500.00
1,500.00
3,000.00
500.00
2,300.00
2,200.00
300.00
300.00
300.00
Variable cost/unit
2016
61.01
610.73
59.19
60.52
61.01
911.21
59.19
60.52
2163.71
1162.30
2675.02
108.80
2060.52
2060.52
200.00
200.00
200.00
0
57
2017
60.53
610.73
58.71
60.04
60.53
910.73
58.71
60.04
2163.24
1161.82
2674.54
108.32
2060.04
2060.04
200.00
200.00
200.00
Variable cost/unit
2018
60.12
610.32
58.30
59.63
60.12
910.32
58.30
59.63
2162.83
1161.41
2674.13
107.91
2059.63
2059.63
200.00
200.00
200.00
2019
59.70
609.89
57.88
59.20
59.70
909.89
57.88
59.20
2162.40
1160.99
2673.70
107.48
2059.21
2059.21
200.00
200.00
200.00
2020
59.33
609.53
57.51
58.84
59.33
909.53
57.51
58.84
2162.03
1160.62
2673.34
107.12
2058.84
2058.84
200.00
200.00
200.00
2016
188.99
189.27
240.81
189.48
238.99
288.79
290.81
239.48
336.29
337.70
324.98
391.20
239.48
139.48
100.00
100.00
100.00
R
a
n
Contribution margin/unit
k
i
2017
2018
2019
2020 n
189.47
189.88 190.30 190.67
### g
189.27
189.68 190.11 190.47
###
241.29
241.70 242.12 242.49
###
189.96
190.37 190.80 191.16
###
239.47
239.88 240.30 240.67
###
289.27
289.68 290.11 290.47
###
291.29
291.70 292.12 292.49
###
239.96
240.37 240.80 241.16
###
336.76
337.17 337.60 337.97
###
338.18
338.59 339.01 339.38
###
325.46
325.87 326.30 326.66
###
391.68
392.09 392.52 392.88
###
239.96
240.37 240.79 241.16
###
139.96
140.37 140.79 141.16
###
100.00
100.00 100.00 100.00
###
100.00
100.00 100.00 100.00
###
100.00
100.00 100.00 100.00
###
##
Sales Mix
Fixed cost
Ratio
5.75%
5.75%
10.34%
5.75%
5.75%
8.05%
8.05%
6.90%
8.05%
8.05%
6.90%
6.90%
5.75%
4.60%
1.15%
1.15%
1.15%
100.00%
Allocated
fixed cost
1176352
67606.45
1176352
67606.45
1176352 121691.61
1176352
67606.45
1176352
67606.45
1176352
94649.03
1176352
94649.03
1176352
81127.74
1176352
94649.03
1176352
94649.03
1176352
81127.74
1176352
81127.74
1176352
67606.45
1176352
54085.16
1176352
13521.29
1176352
13521.29
1176352
13521.29
Breakeven(units)
2016
357.73
357.19
505.35
356.80
282.89
327.74
325.47
338.77
281.45
280.28
249.64
207.38
282.31
387.76
135.21
135.21
135.21
2017
356.82
357.19
504.34
355.90
282.32
327.20
324.93
338.09
281.05
279.88
249.27
207.13
281.74
386.44
135.21
135.21
135.21
2018
356.05
356.42
503.49
355.13
281.84
326.74
324.48
337.51
280.71
279.54
248.96
206.91
281.26
385.31
135.21
135.21
135.21
2019
355.25
355.62
502.60
354.34
281.34
326.25
324.00
336.92
280.36
279.19
248.63
206.69
280.76
384.14
135.21
135.21
135.21
2020
354.57
354.94
501.85
353.66
280.91
325.84
323.60
336.41
280.05
278.89
248.35
206.49
280.34
383.15
135.21
135.21
135.21
Breakeven(peso)
2016
89431.65
285754.17
151604.29
89199.67
84865.50
393288.64
113914.31
101629.59
703635.10
420414.49
748914.27
103690.63
649302.88
853080.30
40563.87
40563.87
40563.87
2017
89205.52
285754.17
151303.28
88974.71
84695.72
392637.31
113726.96
101426.69
702634.13
419818.92
747811.88
103563.81
648006.56
850160.24
40563.87
40563.87
40563.87
2018
89013.39
285138.09
151047.28
88783.58
84551.33
392083.01
113567.52
101254.13
701781.93
419311.86
746873.42
103455.79
646904.07
847683.37
40563.87
40563.87
40563.87
2019
88813.67
284497.64
150780.90
88584.88
84401.09
391505.91
113401.51
101074.58
700894.31
418783.72
745896.04
103343.24
645756.92
845112.53
40563.87
40563.87
40563.87
2020
88643.57
283952.22
150553.83
88415.66
84273.03
391013.74
113259.93
100921.53
700137.01
418333.12
745062.23
103247.19
644779.11
842926.32
40563.87
40563.87
40563.87
DEMAND AN
Repair Service
Cellphone
Tablet
Laptop
Total
Secondhand Phones
Sell(Demand)
Buy(Supply)
Accesories
Earphones
Connector
Charge
2016
2017
3394
1536
103
5033.04
3630
1643
110
5382.84
2860
1524
3059
1630
13391
5143
10694
14321
5500
11437
OVERHEAD PER UNIT
Service
Program Flashing
Overhead
KW/hr
Computer
0.90
Lamp with magnifying

glass
1.60
Soldering iron
0.13

glass
1.60

glass
Computer
1.60
0.90
Soldering iron
1.60

glass
0.13
Soldering iron
1.60

glass
0.13
Soldering iron
1.60

glass
0.13
LCD replacement
Drop Signal
Formatting/Cleaning
Hard drive
Memory upgrade
Motherboard
Software Updating
Computer
FIXED OVERHEAD
Depreciation
Table with drawer
Wifi router
Soldering iron
Desoldering tool
Laptop
Magnifying Glass with lamp
Multitester
Hot air soldering tool
Power supply variables
Software flasher
Transportation Cost
Total Fixed Overhead
0.90
124.95
93.5
66
4284
292.4
340
340
1360
800
2000
9700.85
SERVICE UNIT COST AND SERVICE FEE

Service
Cellphone Repair
Program Flashing
LCD replacement
Drop signal
Tablet Repair
Program Flashing
LCD replacement
Drop signal
Laptop Repair
Hard Drive
Memory
Motherboard
Software
Refurbished Phones Cost

Buying Price*
Refurbishing Cost
Total Cost
ACCESSORIES
Labor
Service Fee
50
100
50
50
250
800
300
250
50
100
50
50
300
1200
350
300
150
150
150
100
2500
1500
3000
500
2000.00
2.46
2002.46
Buying Price per kilo

Earphones(Copper Wires)
Charger
Connectors
Selling Price per

kilo
200
300
200
300
200
300
SALARIES (Bookkeeper, Sales Clerk, Cashier)

Regular Rate
No. of Regular Days of Work
Multiply: Daily Rate
Annual Regular Pay
255
350
89,250
Overtime Rate
No. of Days - Overtime
Multiply: Overtime Rate
Annual Overtime Pay
102
437.5
44625
Annual Salaries
Monthly Salaries
Semi-Monthly Salaries
133,875
11,156
5,578
SALARIES (Manager)
Regular Rate
No. of Regular Days of Work
Multiply: Daily Rate
Annual Regular Pay
Overtime Rate
No. of Days - Overtime
Multiply: Overtime Rate
Annual Overtime Pay
Annual Salaries
Monthly Salaries
Semi-Monthly Salaries
255
400
102000
102
500
51000
153000
12750
6375
DEMAND AND SUPPLY

2018
2019
2020
2021
3882
1757
118
5756.95
4152
1879
126
6157.05
4441
2010
135
6584.97
4749.38
2149
3272
1743
3499
1864
3742
1994
15317
5883
12232
16381
6292
13082
17520
6729
13991
OVERHEAD PER UNIT
KW/min
Duration(mins.)
KW/hr
Variable
Overhead/se
rvice
Cost
0.02
20.00
0.30
2.95
2.95
0.03
12.00
0.32
3.15
3.15
0.002
4.00
0.01
0.08
0.03
4.00
0.11
1.05
0.03
0.02
6.00
6.00
0.16
0.09
1.57
0.88
0.03
20.00
0.53
5.24
0.002
20.00
0.04
0.41
0.03
15.00
0.40
3.93
0.002
15.00
0.03
0.31
0.03
60.00
1.60
15.73
0.002
60.00
0.13
1.23
1.13
2.46
5.65
4.24
16.96
0.02
Variable Overhead
5.00
0.08
Direct Materials
2016
2.95
3.15
1.13
2.46
0
500
0
0
2.95
3.15
1.13
2.46
0
800
0
0
5.65
4.24
16.96
0.74
2000
1000
2500
0
Refurbished Phone
selling Price
Unused Phone SP
*Assumed Value
0.74
0.74
Allocated Freight-in
2017
2018
Refurbished
2300 Phones Cost
2016
2200 Direct Labor
58.0618384
Variable Overhead
2.4585
Buying Price
2000
Total Cost
2060.52034
ier)
Pcs. Per Kilo
Unused Phones
200
33.33
50
2000
ght-in
2019
0
2016
2017
58.06184 57.5828
0 108.0618 107.583
58.06184 57.5828
58.06184 57.5828
Direct Labor
2018
2019
57.1738168 56.7468162
107.173817 106.746816
57.1738168 56.7468162
57.1738168 56.7468162
2020
56.3816516
106.381652
56.3816516
56.3816516
2016
61.01
611.21
59.19
60.52
58.06184 57.5828
0 108.0618 107.583
58.06184 57.5828
58.06184 57.5828
57.1738168
107.173817
57.1738168
57.1738168
56.7468162
106.746816
56.7468162
56.7468162
56.3816516
106.381652
56.3816516
56.3816516
61.01
911.21
59.19
60.52
158.0618 157.583
158.0618 157.583
158.0618 157.583
108.0618 107.583
157.173817
157.173817
157.173817
107.173817
156.746816
156.746816
156.746816
106.746816
156.381652
156.381652
156.381652
106.381652
2163.71
1162.30
2675.02
108.80
2020
2017 2018
2019
2020
57.58277 57.174 56.74682 56.3817
2.4585 2.4585
2.4585 2.4585
2000 2000
2000
2000
2060.041 2060 2059.205 2058.84
Unit C
2000
2000
2000
2000
2017
60.53
610.73
58.71
60.04
Unit Cost
2018
60.12
610.32
58.30
59.63
2019
59.70
609.89
57.88
59.20
2020
59.33
609.53
57.51
58.84
60.53
910.73
58.71
60.04
60.12
910.32
58.30
59.63
59.70
909.89
57.88
59.20
59.33
909.53
57.51
58.84
2163.24
1161.82
2674.54
108.32
2162.83
1161.41
2674.13
107.91
2162.40
1160.99
2673.70
107.48
2162.03
1160.62
2673.34
107.12
Position
Semi-Monthly
Salary
No. of Employee
Administrative Expense
Manager
Bookkeeper
TOTAL
1
1
6,375
5,578
11,953
Selling Expense
Sales Clerk
Cashier
TOTAL
2
1
5,578
5,578
11,156
Position
Direct Labor
Technician
TOTAL
Position
Position
8,850
8,850
Semi-Monthly
Salary
No. of Employee
Direct Labor
Technician
TOTAL
Direct Labor
Technician
TOTAL
Semi-Monthly
Salary
No. of Employee
9,466
9,466
Semi-Monthly
Salary
No. of Employee
10,123
10,123
Position
Semi-Monthly
Salary
No. of Employee
Direct Labor
Technician
TOTAL
Position
Direct Labor
Technician
TOTAL
10,827
10,827
Semi-Monthly
Salary
No. of Employee
11,579
11,579
Salaries and Wages

2016
2017
Gross Salaries:
General and Administrative
Selling
Total
Less: Allowable Employee Salary Deductions
Total Salaries and Wages, net of deductions
Employee Share
298,828
418,359
717,188
84,384
632,804
298,828
418,359
717,188
84,384
632,804
Allowable Employee Salary Deductions Selling And Admin

Pag-ibig
SSS
6,000
23,979.60
Withholding Tax Payable

Withholding Tax Payable, beginning
Add: Withholding Tax Expense
Total
Less:Withholding Tax Paid
Withholding Tax Payable, end
2016
46,604
46,604
34,953
11,651
2017
11,651
46,604
58,256
46,604
11,651
ADMINISTRATIVE SALAR
No. Of Employees
1
1
Manager
Bookkeeper
TOTAL
Semi-Monthly
Salary
6,375
5,578
11,953
SELLING SALARIES A
No. Of Employees
Sales Clerk
Cashier
TOTAL
2
1
-
Semi-Monthly
Salary
5,578
5,578
11,156
DIRECT S
No. Of Employees
2016
2017
2018
2019
2020
2
2
2
2
Semi-Monthly
Salary
8,850
9,466
10,123
10,827
11,579
Salaries Expense
Total SemiMonthly Salary
SSS Contribution
EE
Philhealth Contribution
ER
EE
ER
6,375
5,578
11,953
236
191
427
484
387
871
75
63
138
75
63
138
11,156
5,578
16,734
382
191
572
774
387
1,160
125
63
188
125
63
188
Salaries Expense (2016)

SSS Contribution
EE
17,701
17,701
ER
581
581
EE
1,790
1,790
ER
213
213
213
213

SSS Contribution
EE
18,931
18,931
ER
581
581
EE
1,790
1,790
ER
225
225
225
225

SSS Contribution
EE
20,247
20,247
ER
581
581
EE
1,790
1,790
ER
250
250
250
250

SSS Contribution
EE
21,654
21,654
ER
581
581
EE
1,790
1,790
ER
263
263
263
263

SSS Contribution
EE
23,159
23,159
ER
581
581
EE
1,790
1,790
ER
288
288
288
288
s
2018
ns Selling And Admin

PhilHealth
2019
298,828
418,359
717,188
84,384
632,804
2020
298,828
418,359
717,188
84,384
632,804
298,828
418,359
717,188
84,384
632,804
Allo
Withholding Tax
Total
7,800
46,604.40
2018
11,651
46,604
58,256
46,604
11,651
2019
11,651
46,604
58,256
46,604
11,651
84,384
2020
11,651
46,604
58,256
46,604
11,651
2016
2017
2018
1019
2020
ISTRATIVE SALARIES AND WAGES

Employer's Share
13th Month Pay
6,375
5,578
11,953
6,375
5,578
11,953
Annual Salary
159,375
139,453
298,828
SSS
PhilHealth
11,612
9,282
20,894
1,800
1,500
3,300
LLING SALARIES AND WAGES

Employer's Share
11,156
5,578
16,734
13th Month Pay

11,156
5,578
16,734
Annual Salary
278,906
139,453
418,359
SSS
PhilHealth
18,564
9,282
27,846
3,000
1,500
4,500
DIRECT SALARIES AND WAGES

Employer's Share
17,701
18,931
20,247
21,654
23,159
13th Month Pay

-
Annual Salary
424,820
454,345
485,922
519,694
555,812
SSS
42,960
42,960
42,960
42,960
42,960
PhilHealth
5,100
5,400
6,000
6,300
6,900
Total Annual
Employer
Contribution
Pag-ibig Contribution
EE
Withholding
Tax
Net Pay
ER
50
50
100
50
50
100
14,612
11,982
26,594
557
346
903
5,457
4,929
10,386
100
50
150
100
50
150
23,964
11,982
35,946
692
346
1,039
9,857
4,929
14,786
16)
Total Annual
Employer
Contribution
EE
Withholding
Tax
Net Pay
ER
100
100
100
100
50,460
50,460
2,190
2,190
13,408
13,408
17)
Total Annual
Employer
Contribution
EE
Withholding
Tax
Net Pay
ER
100
100
100
100
50,760
50,760
2,488
2,488
14,328
14,328
18)
Total Annual
Employer
Contribution
EE
Withholding
Tax
Net Pay
ER
100
100
100
100
51,360
51,360
2,735
2,735
15,372
15,372
19)
Total Annual
Employer
Contribution
EE
Withholding
Tax
Net Pay
ER
100
100
100
100
51,660
51,660
3,090
3,090
16,412
16,412
20)
er's Share
Total Annual
Employer
Contribution
EE
Withholding
Tax
Net Pay
ER
100
100
100
100
52,260
52,260
3,470
3,470
Allowable Employee Salary Deductions DIRECT LABOR

Pag-ibig
SSS
PhilHealth
Withholding Tax Total
2,400
13,951
5,100
52,562
2,400
13,951
5,175
59,704
2,400
13,951
6,000
65,633
2,400
13,951
6,300
74,152
2,400
13,951
6,900
83,286
17,511
17,511
74,013
81,231
87,984
96,804
106,537
Pag-ibig
1,200
1,500
2,700
er's Share
Pag-ibig
3,000
1,500
4,500
er's Share
Pag-ibig
2,400
2,400
2,400
2,400
2,400
Total Direct Labor

475,280
505,105
537,282
571,354
608,072
13th Month Pay
Annual Salaries
6,375
5,578
11,953
159,375
139,453
298,828
11,156
5,578
16,734
278,906
139,453
418,359
13th Month Pay
Annual Salaries
13th Month Pay
424,820
424,820
Annual Salaries
13th Month Pay
Total direct Labor
454,345
454,345
Annual Salaries
485,922
485,922
475,280
475,280
13th Month Pay
Annual Salaries
13th Month Pay
519,694
519,694
Annual Salaries
555,812
555,812
withholding for direct labor

Withholding Tax Payable, beginning
Add: Withholding Tax Expense
Total
Less:Withholding Tax Paid
Withholding Tax Payable, end
2016
52,562
52,562
39,421
13,140
2017
13,140
59,704
72,845
57,919
14,926
2018
14,926
65,633
80,559
64,151
16,408
2019
16,408
74,152
90,561
72,023
18,538
2020
18,538
83,286
101,824
81,003
20,822
Projected Population (2016)
Divide by: Ave. household size
356, 746
5
Projected number of household (2016)
71448.16
Multiply by: Ave. Defective CPs/household
1.4
Defective CPs in Tarlac City
100027.424
Willing to avail repair services
56.90%
Demand for CP repair services
56915.604256
Competitors Customers
47520
Excess Demand
9395.604256
Patronize our business
72.25%
Expected Demand
6788.32
Divide
Projected demand for repair
Daily Projected

Multiply by: Ave. Defective/household
Excess Demand
Expected Demand
Divide
Daily Projected

Multiply by: Ave. Defective/household
Excess Demand
2
3394.16
9.43
356, 746
5
71448.16
0.465
33223.3944
56.90%
18904.1114136
14652
4252.1114136
72.25%
3072.15
2
1536.08
4.27
356, 746
5
71448.16
0.27
19291.0032
56.90%
10976.5808208
10692
284.5808208

Expected Demand
Divide
Daily Projected
72.25%
205.61
2
102.80
0.29
BUY&SELL REFURBISHED CP (SELL)

Multiply by: percentage of willing to buy
Expected buyers
Less: Competitiors' market
Excess market
conservatism percentage
projected customers
Average years of buying
Projected sales of refurbished CPs
Projected Daily Sales
356, 746
5
71448.16
46%
32866.1536
24948
7918.1536
72.25%
5720.865976
2
2860.432988
7.9456471889
BUY&SELL REFURBISHED CP (BUY)

Multiply by: Average defective CPs
Defective CPs
Unused CPs
Total CPs to buy
prefer to sell percentage
Expected sellers
Less: Competitiors' market
Excess market
Conservatism percentage
53581.8331104
33264
20317.8331104
50%
10158.9165552
30%
3047.67496656
2
1523.83748328
4.232881898
Acceptance Rate (obsolescence, price and demand fac

projected customers
Average years of buying
Projected sales of refurbished CPs
Projected Daily Sales
ACCESSORIES

Multiply: Ave. defective/unused per HH
356, 746
5
71448.16
1.4
100027.424
24292.3744
124319.7984
43.10%
Earphones
71448.16
2.135
Total defective/unused
Multiply: willing to sell
Total
Conservatism percentage
Expected sellers
years to buy
Projected supply (year1)
152541.8216
60.75%
92669.156622
72.25%
66953.465659395
5
13390.693131879
2017
2018
3394.16
3630.0562990849
106.95%
106.95%
Current Year Demand
3630.056
3882.3452118713
Prior Year's demand

Multiply: 106.95%
Current Year Demand
2017
1536.08
106.95%
1642.832
2018
1642.8324779103
106.95%
1757.0093351251
Prior Year's demand

Multiply: 106.95%
Current Year Demand
2017
102.80
106.95%
109.9498
2018
109.9497566092
106.95%
117.5912646936
Prior Year's demand

Multiply: 106.95%
Chargers
Prior Year's demand

Multiply: 106.95%
Current Year Demand
2017
2860.433
106.95%
3059.233
2018
3059.233080666
106.95%
3271.8497797723
Prior Year's supply

Multiply: 106.95%
Current Year's supply
2017
1523.837
106.95%
1629.744
2018
1629.744188368
106.95%
1743.0114094595
Connectors
71448.16
71448.16
1.705
0.82
Prior Year's supply

Multiply: 106.95%
121819.1128
60.75%
74005.11103
72.25%
53468.69272
5
10693.73854
58587.4912
60.75%
35591.900904
72.25%
25715.14840314
5
5143.029680628
Prior Year's supply

Multiply: 106.95%
Prior Year's supply

Multiply: 106.95%
2019
2020
2021
3882.345 4152.168 4440.744

106.95%
106.95%
106.95%
4152.168 4440.744 4749.376
2019
2020
2021
1757.009 1879.121 2009.72
106.95% 106.95% 106.95%
1879.121 2009.72 2149.396
2019
2020
117.5913 125.7639
106.95% 106.95%
125.7639 134.5044
2019
2020
3271.85 3499.243
106.95% 106.95%
3499.243 3742.441
2019
2020
1743.011 1864.151
106.95% 106.95%
1864.151 1993.709
10470.01 43111.82
297.7613 318.4558 340.5884
6499.862
3970.151
50%
1985.076
30%
595.5227
2
297.7613
0.827115
Earphones
2017
2018
2019
2020
13390.69 14321.35 15316.68 16381.19
106.95% 106.95% 106.95% 106.95%
26764.14
16347.68
50%
8173.841
30%
2452.152
2
1226.076 1311.288 1402.423
3.405767
14321.35 15316.68 16381.19 17519.68
2017
10693.74
106.95%
11436.95
Chargers
2018
2019
2020
11436.95 12231.82 13081.93
106.95% 106.95% 106.95%
12231.82 13081.93 13991.13
Connectors
2017
2018
2019
2020
5143.03 5500.47 5882.753 6291.604
106.95% 106.95% 106.95% 106.95%
5500.47 5882.753 6291.604 6728.871
364.2593 389.5754
1499.891 1604.134
SERVICES
Program Flashing
LCD replacement
Drop signal
Total
Percentage of Demand
20.00%
43.75%
18.75%
17.50%
100.00%
DEMAND DISTRIBUTION FOR CELLPHONE R

2016
679
1485
636
594
3394
SERVICES
Program Flashing
LCD replacement
Drop signal
Total
31.11%
37.78%
8.89%
22.22%
100.00%
DEMAND DISTRIBUTION FOR TABLET REP

2016
478
580
137
341
1536
30.61%
26.53%
10.20%
32.65%
100.00%
DEMAND DISTRIBUTION FOR LAPTOP REP

2016
31
27
10
34
103
SERVICES
Hard Drive
Memory
Motherboard
Software
Total
TION FOR CELLPHONE REPAIR

2017
726
1588
681
635
3630
2018
776
1699
728
679
3882
2019
830
1817
779
727
4152
2020
2021
888 949.8751
1943 2077.852
833
777
4441
BUTION FOR TABLET REPAIR

2017
511
621
146
365
1643
2018
547
664
156
390
1757
2019
585
710
167
418
1879
2020
625
759
179
447
2010
BUTION FOR LAPTOP REPAIR

2017
34
29
11
36
110
2018
36
31
12
38
118
2019
38
33
13
41
126
2020
41
36
14
44
135
811.994
2017
67316.1775158508
29170.343590202
28048.4072982712
124534.928404324
2018
2019
2020
71994.651853202
76998.280157 82349.6606279
31197.682469721 33365.92140137 35684.8529388
29997.771605501 32082.61673208 34312.358595
133190.105928 142446.81829 152346.8722
Gadget Cycler
Comparative Cash Flow Statement
For the Year Ended December 31, 2016 - Decem
Preoperating
Cash Flow from Operating Activities
Net Income
Depreciation
Organizational cost
Unrealized Interest
Decrease (increase) in:
Supplies Inventory
Withholding tax
Net Cash provided from Operating Activities
Cash flow from Investing Activities
Acquistion of Property, Plant and Equipment
Acquisition of Furnitures and Fixtures
Acquisition of Other Assets
Rent Deposit
Sale Of Asset
Pre-Operating Expenses
Investment in Time Deposit
Net Cash provided from Investing Activities
Cash Flow from financing Activities
Investment from Owner
Increase (decrease) in cash
Cash, beginning
Cash, end
(126,020)
(89,200)
(13,435)
(80,000)
(12,035)
(320,690)
500,000
179,310
179,310
Gadget Cycler
Comparative Cash Flow Statement
r Ended December 31, 2016 - December 31, 2020
2016
2017
2018
2019
118,110
23,171
12,035
241,517
23,171
365,276
23,171
501,314
23,171
(2,990)
(11,115)
(23,140)
(7,475)
1,786
256,008
(7,994)
1,482
370,820
(8,550)
2,130
494,925
(92,000)
(92,000)
(250,000)
(250,000)
(370,000)
(370,000)
164,008
249,869
413,877
120,820
413,877
534,697
124,925
534,697
659,622
(107,548)
24,792
70,559
70,559
179,310
249,869
2020
649,593
23,171
(39,065)
(9,144)
2,283
626,838
9,293
(490,000)
(480,707)
146,131
659,622
805,753
INITIAL COST OF INVESTMENT

Initial Fixed Investment
No. Of Units
Furniture and Fixtures
Chairs
Bench
Table with drawer
Steel Cabinet
Glass Counter
Property, Plant and Equipment
Wifi router
Weighing scale
SOLDERING IRON
Air conditioning unit
Desoldering Tool
Multi-tester
Hot air soldering
Screwdrivers
Magnifying glass with lamp
Laptop
Leasehold Improvement
Other Asset
Windows 8.1 64bit pro
Office 2013 Home and Student
BITDEFENDER Sphere All Sec Unli Device
Rent Deposit
Total Initial Fixed Investment
Pre-Operating Expense
Legal Fees
DTI
BIR
Registration Fee
Certification Fee
Documentary Stamp Tax
City Registration
Mayor's Permit
Health Clearance
Electrical Inspection Fee
Sign Board Permit
Zoning Fee
Promotion
Total Pre-Operating expense
Cost per unit

4
2
4
2
1
1200
17000
7000
10000
2400
1
1
2
1
2
2
2
2
2
2
2
1050
700
1100
21000
495
1000
4000
4000
2580
1720
18000
1
1
7335
3900
2200
500
100
15
1000
905
850
400
500
Initial Working Capital

Supplies Material Inventory Purchases
Purchases of Used phones
Purchases of Accessories
Supplies Expense
Direct Labor
Salaries Expenses
Utilities Expense
Rent Expense
TOTAL
Divide by:
Total
Multiply by: (Cash Conversion Cycle- in days)
Contingency Funds
TOTAL INITIAL INVESTMENT
MENT
Total Cost
4800
34000
28000
20000
2400
89200
1050
700
2200
21000
990
2000
8000
8000
5160
3440
36000
37480
126020
7335
3900
2200
13435
80000
308655
515
615
3655
4785
7250
12035
1316257
3047675
98125
7641
475280
717188
84123
480000
6226288
360
17295
8
138362
40948.0376768311
500000
REVENUE PROJECTION
REPAIR SERVICE
Cellphone
Program Flashing
LCD replacement
Drop signal
Tablet
Program Flashing
LCD replacement
Drop signal
Laptop
Hard Drive
Memory
Motherboard
Software
TOTAL SERVICE REVENUE
Buy and Sell
Defective Phones
Unused Phones
2016
VOLUME(in units)
2017
2018
679
1,485
636
594
726
1,588
681
635
776
1,699
728
679
478
580
137
341
511
621
146
365
547
664
156
390
31
27
10
34
34
29
11
36
36
31
12
38
1,226
298
1,311
318
1,402
341
67
321
103
72
343
110
77
367
118
TOTAL SECONDHAND
PHONES REVENUE
Accessories
Earphones
Charger
Connector
TOTAL SALES OF ACCESSORIES
TOTAL REVENUE
(in units)
In Pesos
2019
2020
830
1,817
779
727
888
1,943
833
777
585
710
167
418
2016
2017
250
800
300
250
169,708
1,187,957
190,922
148,495
181,503
1,270,520
204,191
158,815
625
759
179
447
300
1,200
350
300
143,367
696,354
47,789
102,405
153,331
744,751
51,110
109,522
38
33
13
41
41
36
14
44
2,500
1,500
3,000
500
78,677
40,912
31,471
16,784
2,854,841
84,145
43,756
33,658
17,951
3,053,252
1,500
364
1,604
390
2,300
2,200
2,819,975
655,075
3,015,963
700,603
3,475,050
3,716,566
20,086
96,244
30,858
147,188
21,482
102,933
33,003
157,417
6,477,079
6,927,236
82
392
126
88
420
135
SP/Unit
300
300
300
In Pesos
2018
2019
2020
194,117
1,358,821
218,382
169,853
207,608
1,453,259
233,559
181,657
222,037
1,554,260
249,792
194,283
163,988
796,511
54,663
117,134
175,385
851,868
58,462
125,275
187,574
911,073
62,525
133,981
89,993
46,797
35,997
19,199
3,265,453
96,248
50,049
38,499
20,533
3,492,402
102,937
53,527
41,175
21,960
3,735,124
3,225,573
749,295
3,449,750
801,371
3,689,508
857,066
3,974,867
4,251,121
4,546,574
22,975
110,086
35,297
168,358
24,572
117,737
37,750
180,059
26,280
125,920
40,373
192,573
7,408,679
7,923,582
8,474,271
VARIAB
Variable Service Material Cost
Annual D
Service
Cellphone LCD Replacement
Tablet LCD Replacement
Hard Drive
Memory
Motherboard
TOTAL SERVICE MATERIAL COST
Cost
500
800
2000
1000
2500
2016
1485
580
31
27
10
Variable Service Overhead Cost
Annual D
Service
Cellphone Repair
Program Flashing
LCD replacement
Drop signal
Tablet Repair
Program Flashing
LCD replacement
Drop signal
Laptop Repair
Hard Drive
Memory
Motherboard
Software
Defective Phones(Buy and Sell)
Cost
2016
2.95
3.15
1.13
2.46
679
1485
636
594
2.95
3.15
1.13
2.46
478
580
137
341
5.65
4.24
16.96
0.74
2.46
31
27
10
34
1226
TOTAL SERVICE VARIABLE

OVERHEAD
REPAIR SERVICE
Annual Demand
Cellphone
Program Flashing
LCD replacement
Drop signal
Tablet
Program Flashing
2016
679
1485
636
594
2017
726
1588
681
635
478
511
LCD replacement
Drop signal
Laptop
Hard Drive
Memory
Motherboard
Software
Total Direct Labor Cost
580
137
341
621
146
365
31
27
10
34
34
29
11
36
1226.0761359724
1311.2884274225
TOTAL SERVICE MATERIAL COST

Total Direct Labor
TOTAL SERVICE VARIABLE
OVERHEAD
Total Variable Service Cost
Cost
Defective Phones
Unused Phones
Total
Accessories
Earphones
Charger
Connector
TOTAL COST OF ACCESSORIES
Annual d
2000
2000
2016
1226.0761359724
297.7613473076
200
200
200
66.9534656594
320.8121562977
102.8605936126
2016
793
136
89
374
877
168
6120
2017
793
136
89
374
877
168
6120
TOTAL VARIABLE COST OF SALE

FIXED SERVICE COST
Depreciation
Table with drawer
Chairs
Wifi router
Soldering iron
Screwdrivers
Desoldering tool
Laptop

Multitester
Steel Cabinet
BITDEFENDER Sphere All Sec Unli
Device
Delivery Cost
Total Fixed Service Cost
Variable Operating Cost
Particulars
Supplies Expense
Total Variable Operating Cost
Fixed Operating Cost
Particulars
Supplies Expense
Rent Expense
Utilities Expenses
SSS Premium-employer's share
PhilHealth-employer's Share
Pagibig-Employer's Share
Depreciation-Administrative
Depreciation-Selling
Advertising Expense
Transportation expense
Salaries and Wages - Selling
salaries and Wages - Administrative
Total Fixed Operating cost
585
340
1133
680
1360
1467
780
585
340
1133
680
1360
1467
780
440
2000
17343
440
2000
17343
2016
2960
2960
2017
3165
3165
2016
4,681.00
480000
84122.6352
48740.4
7800
7200
5374
2454
7250
1000
418359.375
2017
4,681.00
480000
84122.6352
48740.4
7800
7200
5374
2454
7250
1000
418359.375
298828.125
1,365,808.90
298828.125
1,365,808.90
VARIABLE SERVICE COST

Annual Demand
2017
2018
1588
1699
621
664
34
36
29
31
11
12
Annual Varia
2019
1817
710
38
33
13
2020
1943
759
41
36
14
2016
742473
464236
62942
27275
26226
1323151
Annual Demand
2017
2018
Annual Variab
2019
2020
2016
726
1588
681
635
776
1699
728
679
830
1817
779
727
888
1943
833
777
2001.88
4671.05
719.42
1459.70
511
621
146
365
547
664
156
390
585
710
167
418
625
759
179
447
1409.30
1825.38
154.35
838.87
34
29
11
36
1311
36
31
12
38
1402
38
33
13
41
1500
41
36
14
44
1604
177.88
115.62
177.88
24.75
3014.31
16590.38
Annual Demand
2018
776
1699
728
679
DL/unit
2019
830
1817
779
727
2020
888
1943
833
777
2016
58
108
58
58
2017
58
108
58
58
547
585
625
58
58
664
156
390
710
167
418
759
179
447
108
58
58
108
58
58
36
31
12
38
38
33
13
41
41
36
14
44
158
158
158
108
158
158
158
108
1402.4229731284
1499.8913697608
Annual demand
2017
2018
1311.2884274225 1402.4229731284
318.4557609455
340.5884363312
71.6067315227
343.1086011604
110.0094048686
76.5833993636
366.954648941
117.655058507
1604.1338199592 58.0618384 57.582766251
Ann
2019
2020
2016
1499.8913697608 1604.13382 2452152.2719
364.2593326562 389.575356 595522.69462
3047674.9666
81.9059456193 87.5984088 13390.693132

392.4579970425 419.733828 64162.43126
125.8320850732 134.577415 20572.118723
98125.243114
4960822
2018
793
136
89
374
877
168
6120
2019
793
136
89
374
877
168
6120
2020
793
136
89
374
877
168
6120
Variable Cost
Fixed Cost
Cost of Good Sold
General and Selling
585
340
1133
680
1360
1467
780
585
340
1133
680
1360
1467
780
585
340
1133
680
1360
1467
780
440
2000
17343
440
2000
17343
440
2000
17343
2018
3385
3385
2019
3620
3620
2020
3870
3870
2018
4,681.00
480000
84122.6352
48740.4
7800
7200
5374
2454
7250
1000
418359.375
2019
4,681.00
480000
84122.6352
48740.4
7800
7200
5374
2454
7250
1000
418359.375
2020
4,681.00
480000
84122.6352
48740.4
7800
7200
5374
2454
7250
1000
418359.375
298828.125
1,365,808.90
298828.125
1,365,808.90
298828.125
1,365,808.90
Annual Variable Material Cost

2017
2018
2019
794075
849263
908287
496500
531007
567912
67316
71995
76998
29170
31198
33366
28048
29998
32083
1415110
1513460
1618646
Annual Variable Overhead Cost

2017
2018
2020
971413
607382
82350
35685
34312
1731142
2019
2020
2141.01
4995.68
769.42
1561.15
2289.81
5342.88
822.90
1669.65
2448.95
5714.21
880.09
1785.69
2619.15
6111.35
941.26
1909.80
1507.24
1952.24
165.08
897.17
1612.00
2087.92
176.55
959.52
1724.03
2233.03
188.82
1026.21
1843.85
2388.23
201.95
1097.53
190.24
123.66
190.24
26.47
3223.80
203.47
132.25
203.47
28.31
3447.86
217.61
141.44
217.61
30.28
3687.48
232.73
151.27
232.73
32.38
3943.76
17743.42
18976.58
20295.46
21705.99
DL/unit
2018
57
107
57
57
2019
57
107
57
57
2020
56
106
56
56
57
57
56
2016
39414
160466
36951
34487
Total direct labor

2017
2018
2019
41805.7367 44393.6988 47124.4652
170857.531 182037.518 193913.447
39192.8781 41619.0926 44179.1861
36580.0196 38844.4864 41233.907
27747 29430.7498 31252.6448 33175.0725
107
57
57
107
57
57
106
56
56
157
157
157
107
157
157
157
107
156
156
156
106
57.1738167908
62708 66768.6192 71137.5943 75778.5335

7928 8408.78565 8929.3271 9478.59213
19819 21021.9641 22323.3177 23696.4803
4974
4311
1658
3628
5303.93473 5657.83711 6034.61763

4596.74344 4903.45883 5230.00195
1767.97824 1885.9457 2011.53921
3862.43231 4115.16887 4383.63801
56.7468162 56.381651646 71188.234512 75507.615 80181.8741 85114.0599

475280 505104.987 537281.964 571353.54
2016
2017
2018
2019
1323151 1415110.23 1513460.39 1618645.88
475280
505105
537282
571354
16590.38 17743.4161 18976.5835 20295.4561
1815022 1937958.63 2069718.93 2210294.88
2017
2622576.85485
636911.521891
3259488.37674
Annual cost
2018
2019
2020
2804845.9463 2999782.7395 3208267.6399
681176.87266 728518.66531 779150.71255
3486022.8189 3728301.4048 3987418.3525
14321.3463045
68621.7202321
22001.8809737
104944.94751
15316.679873
73390.929788
23531.011701
112238.62136
16381.189124
78491.599408
25166.417015
120039.20555
17519.681768
83946.765567
26915.482997
128381.93033
5302391.9537 5667980.3745 6058635.4905 6476720.2871
of Good Sold
eral and Selling
2016
4963782
1383152
2017
5305557
1383152
2018
5671365
1383152
2019
6062255
1383152
2020
6480590
1383152
4978165
5319735
5685324
1380803.9019 1368973.9019 1369193.9019
6075979
1369428.9
6494064
1369678.9
2020
50075.2951
206680.981
46945.5891
43815.8832
35252.4222
80767.8985
10072.1206
25180.3016
6438.98797
5580.45624
2146.32932
4672.26289
90443.7142
608072.241
2020
1731141.77
608072
21705.9903
2360920
Supplies Inventory 2016

In Units
LCD-CP
LCD- Tablet
Total Cost (w/o Allocated Freight-in)
Freight-In
Total Cost (w/ Allocated Freight-in)
Annual Supplies
Desired Ending
Inventory Usage
Inventory
1485
132
580
52
2065
184
LCD-CP
LCD- Tablet
Freight-in
Annual Supplies
Desired Ending
Inventory Usage
Inventory
1588 141.543835849
621 55.3132568465
2209
197
LCD-CP
LCD- Tablet
Freight-in
Annual Supplies
Desired Ending
Inventory Usage
Inventory
1699 151.381132441
664
59
2362
211
LCD-CP
LCD- Tablet
Freight-in
Annual Supplies
Desired Ending
Inventory Usage
Inventory
1817 161.902121146
710 63.2689764071
2526
225

Annual Supplies
Inventory Usage
Desired Ending
Inventory
LCD-CP
LCD- Tablet
Freight-in
1943 173.154318565
759 67.6661702674
2702
241
In Units
In Pesos
Beginning
Inventory
Purchases
0
Beginning
Inventory
Purchases
132
52
184
Beginning
Cost per LCD Inventory
1617
500
632
800
2249
Purchases
808645.847
505611.115
1314256.96
2000
1316256.96
Beginning
Purchases
1597
500 66172.9012854 798673.832
624
800 41375.0401844 499376.048
2222
1300
107548 1298049.88
2000
107548 1300049.88
Beginning
Beginning
Inventory
Purchases
Purchases
141.5438358495
1708
500 70771.9179247 854181.663
55.3132568465
668
800 44250.6054772 534082.683
197
2376
115022.523402 1388264.35
2000
115022.523402 1390264.35
Beginning
Beginning
Inventory
Purchases
Purchases
151.381132441
1827
500 75690.5662205 913547.289
59
714
800 47326.0225579 571201.429
211
2541
123017
1484749
2000
123017
1486749
Beginning
Inventory
Purchases
Cost per LCD
Beginning
Inventory
Purchases
161.9021211457
63.2689764071
225
1954
764
2718
500 80951.0605728 977038.826

800 50615.1811257 610899.929
131566
1587939
2000
131566
1589939
In Pesos
Ending
Cost of Supplies
Inventory
inventory Used
66172.9012854
742472.945698749
41375.0401844
464236.075000373
107547.94147
1206709.02069912
Ending
Cost of Supplies
Inventory
inventory Used
70771.9179247
794074.815424812
44250.6054772
496500.482212899
115022.523402
1290575.29763771
Ending
Cost of Supplies
Inventory
inventory Used
75690.5662205
849263.015096837
47326.0225579
531007.265726696
123016.588778
1380270.28082353
Ending
Cost of Supplies
Inventory
inventory Used
80951.0605728
908286.794646067
50615.1811257
567912.270694701
131566
1476199
Ending
Inventory
Cost of Supplies
inventory Used
86577.1592826
54132.9362139
140710
971412.726873968
607382.173507983
1578795
Fixed Electricity Expense 2016 to

2020
Particulars
Lights
Number of
Equipment
Supply
Voltage
4
Total kw/h for

the day
Hr/day
0.030
0.96
Airconditioning unit
3.000
18
Wifi Router
0.060
2.4
0.144
Laptop
0.100
0.5
Total Fixed Electricity

Expense
Internet Expense
Total Utilities
Fixed Internet Expense

Particulars
Internet Expense
Total
Monthly cost
1,000
1,000
2013
2014
2015
12,000
12,000
12,000
12,000
12,000
12,000
Cost of kw/hr
Total cost
for the
month
Cost per day
9.83
9.4368
283.10
9.83
176.94
5,308.20
9.83
1.41552
9.83
4.915
42.47
147.45
1229
2016
2017
12,000
12,000
12,000
12,000
2016
2017
2018
3,397.25
3,397.25
3,397.25
63,698.40
63,698.40
63,698.40
509.59
509.59
509.59
1,769.40
1,769.40
1,769.40
69,374.64
69,374.64
69,374.64
14,748.00
14,748.00
14,748.00
84,122.64
84,122.64
84,122.64
2019
2020
3,397.25
3,397.25
63,698.40
63,698.40
509.59
509.59
1,769.40
1,769.40
69,374.64
69,374.64
14,748.00
14,748.00
84,122.64
84,122.64
Gadget Cycler
Comparative Statement o
For the year ended December 31, 201
Pre-Operating
Cash Disbursement for legal fees
Cash Receipts from Sale of Services
Cash Receipts from Sale of Refurbished Phones
Cash Receipts from Sale of Gadget Accessories
Cash Disbursement to Sellers of Used Phones
Cash Disbursement for Accessories
Cash Disbursement for Laptop Supplies
Cash Disbursement for Supplies Purchases
Cash Disbursement to Suppliers of LCD
Cash Disbursement For Direct Labor
Cash disbursement for FOH Consumption
Cash Disbursement from Advertising
Cash Disbursements for Salaries
Cash disbursement for Transportaion Expense
Cash Disbursements for Utilities
Payment for Tax Withholding Payable
Cash Disbursement for Rent
Net Cash Provided by Operating Activities
Cash flow from investing activities
Purchase of Equipment
Purchase of Furniture and Fixtures
Acquisition of Other Assets
Rent Deposit
Sale of Asset
Pre-Operating Expenses
Investment in Time Deposit
Net Cash Provided by Investing Activities
Cash flows from Financing activities
Investment
Net cash provided by financing activities
Increase(decrease) in cash
Cash balance, beginning
Cash balance,ending
(126,020)
(89,200)
(13,435)
(80,000)
(12,035)
(320,690)
500,000
500,000
179,310
179,310
Gadget Cycler
Comparative Statement of Cashflow
e year ended December 31, 2016 - December 31, 2020
2016
2017
2018
2019
3,053,252
3,265,453
3,492,402
3,716,566
157,417
(3,259,488)
(104,945)
(124,535)
(7,846)
(1,300,050)
(490,179)
(17,743)
(7,250)
(769,277)
(1,000)
(84,123)
(24,792)
(480,000)
256,008
3,974,867
168,358
(3,486,023)
(112,239)
(133,190)
(8,066)
(1,390,264)
(520,874)
(18,977)
(7,250)
(769,277)
(1,000)
(84,123)
(26,577)
(480,000)
370,820
4,251,121
180,059
(3,728,301)
(120,039)
(142,447)
(8,301)
(1,486,749)
(552,815)
(20,295)
(7,250)
(769,277)
(1,000)
(84,123)
(28,059)
(480,000)
494,925
2,854,841
3,475,050
147,188
(3,047,675)
(98,125)
(116,442)
(7,641)
(1,316,257)
(462,140)
(16,590)
(7,250)
(769,277)
(1,000)
(84,123)
(480,000)
70,559
70,559
179,310
249,869
(92,000)
(92,000)
(250,000)
(250,000)
(370,000)
(370,000)
164,008
249,869
413,877
120,820
413,877
534,697
124,925
534,697
659,622
2020
3,735,124
4,546,574
192,573
(3,987,418)
(128,382)
(152,347)
(8,551)
(1,589,939)
(587,251)
(21,706)
(7,250)
(769,277)
(1,000)
(84,123)
(30,189)
(480,000)
626,838
9,293
(490,000)
(480,707)
146,131
659,622
805,753
FURNITURES AND FIXTURES
2016
2017
2018
2019
2020
Table with
drawer
Bench
Chairs
4528
4256
3984
3712
3440
32073
30147
28220
26293
24367
26413
24827
23240
21653
20067
Steel Cabinet
18867
17733
16600
15467
14333
Glass Counter TOTAL

1992 83873.33
1584 78546.67
1176
73220
768 67893.33
62206.67
Wifi router
Weighing scale
871.5
693
514.5
336
SOLDERING IRON
581
462
343
224
1826
1452
1078
704
Air conditioning unitDesoldering Tool

18768.75
16537.5
14306.25
12075
9843.75
Multi-tester
821.7
653.4
485.1
316.8
1660
1320
980
640
Hot air soldering

7320
6640
5960
5280
4600
Power supply
variables
6640
5280
3920
2560
Screwdrivers
4282.8
3405.6
2528.4
1651.2
Magnifying
glass with lamp Laptop
2855.2
2270.4
1685.6
1100.8
Leasehold
Improvement
TOTAL
29880 35356.1333333333 110863.1

23760 33232.2666666667 95706.17
17640
31108.4 80549.25
11520 28984.5333333333 65392.33
26860.6666666667 41304.42
Windows 8.1
5868
4401
2934
1467
0
Office 2013 Home and BITDEFENDER Sphere

Student
All Sec Unli Device TOTAL
3120
2340
1560
780
0
1760
1320
880
440
0
10748
8061
5374
2687
0
DEPRECIATION LAPSING SCHEDULE

Airconditioning unit
YEAR
Cost
2016
2017
2018
2019
2020
Chairs
YEAR
2016
2017
2018
2019
2020
Bench
YEAR
2016
2017
2018
2019
2020
Table with Drawers
YEAR
2016
2017
2018
2019
2020
Wifi router
YEAR
2016
2017
2018
2019
2020
Soldering iron
Salvage Value
21,000
21,000
21,000
21,000
21,000
3,150
3,150
3,150
3,150
3,150
4,800
4,800
4,800
4,800
4,800
Salvage Value
720
720
720
720
720
34,000
34,000
34,000
34,000
34,000
Salvage Value
5,100
5,100
5,100
5,100
5,100
28,000
28,000
28,000
28,000
28,000
Salvage Value
4,200
4,200
4,200
4,200
4,200
1,050
1,050
1,050
1,050
1,050
Salvage Value
158
158
158
158
158
Cost
Cost
Cost
Cost
YEAR
2016
2017
2018
2019
2020
Desoldering tool
YEAR
2016
2017
2018
2019
2020
Laptop
YEAR
2016
2017
2018
2019
2020
Cost
2,200
2,200
2,200
2,200
2,200
Salvage Value
330
330
330
330
330
990
990
990
990
990
Salvage Value
148.50
148.50
148.50
148.50
148.50
36,000
36,000
36,000
36,000
36,000
Salvage Value
5,400
5,400
5,400
5,400
5,400
Cost
Cost

YEAR
2016
2017
2018
2019
2020
Cost
3,440
3,440
3,440
3,440
3,440
Salvage Value
516
516
516
516
516
Screwdrivers
YEAR
2016
2017
2018
2019
2020
Cost
5,160
5,160
5,160
5,160
5,160
Salvage Value
774
774
774
774
774
Multitester
YEAR
2016
Cost
2,000
Salvage Value
300
2017
2018
2019
2020
2,000
2,000
2,000
2,000
300
300
300
300
Steel cabinet
YEAR
2016
2017
2018
2019
2020
Cost
20,000
20,000
20,000
20,000
20,000
Salvage Value
3,000
3,000
3,000
3,000
3,000

YEAR
2016
2017
2018
2019
2020
Cost
8,000
8,000
8,000
8,000
8,000
Salvage Value
1,200
1,200
1,200
1,200
1,200

YEAR
2016
2017
2018
2019
2020
Cost
8,000
8,000
8,000
8,000
8,000
Salvage Value
1,200
1,200
1,200
1,200
1,200

YEAR
2016
2017
2018
2019
2020
Cost
7,335
7,335
7,335
7,335
7,335
Salvage Value
-

YEAR
2016
2017
2018
Cost
3,900
3,900
3,900
Salvage Value
-
2019
2020
3,900
3,900
Cost
2,200
2,200
2,200
2,200
2,200
Salvage Value
-
Leasehold improvements
YEAR
2016
2017
2018
2019
2020
Cost
37,480
37,480
37,480
37,480
37,480
Salvage Value
5,622
5,622
5,622
5,622
5,622
Glass counter
YEAR
2016
2017
2018
2019
2020
Cost
2,400
2,400
2,400
2,400
2,400
Salvage Value
360
360
360
360
360
Weighing Scale
YEAR
2016
2017
2018
2019
2020
Cost
700
700
700
700
700
Salvage Value
105
105
105
105
105
BITDEFENDER Sphere All Sec

Unli Device
YEAR
2016
2017
2018
2019
2020
Air Conditioning unit

Chairs
Bench
Table with drawer
SUMMARY OF DEPRECIATION
Annual Depreciation
Operation
2,231
272
136
1,927
1,587
793
Wifi router
Screwdrivers
Soldering iron
Desoldering tool
Laptop
Multitester
Steel cabinet
BITDEFENDER Sphere All Sec
Unli Device
Glass Counter
Weighing Scale
Leasehold improvements
TOTAL
179
877
374
168
6,120
585
340
1,133
680
1,360
1,467
89
877
374
168
6,120
585
340
1,133
680
1,360
1,467
780
780
440
440
408
119
2,124
23,171
15,343
ECIATION LAPSING SCHEDULES

Useful Life
8
8
8
8
8
Accumulated Depreciation
Depreciation
2,231
4,463
6,694
8,925
11,156
Book Value
2,231
2,231
2,231
2,231
2,231
18,769
16,538
14,306
12,075
9,844
Book Value
4,528
4,256
3,984
3,712
3,440
Useful Life
15
15
15
15
15
272
544
816
1,088
1,360
Depreciation
272
272
272
272
272
Useful Life
15
15
15
15
15
1,927
3,853
5,780
7,707
9,633
Depreciation
1,927
1,927
1,927
1,927
1,927
Book Value
32,073
30,147
28,220
26,293
24,367
Useful Life
15
15
15
15
15
1,587
3,173
4,760
6,347
7,933
Depreciation
1,587
1,587
1,587
1,587
1,587
Book Value
26,413
24,827
23,240
21,653
20,067
Useful Life
5
5
5
5
5
Depreciation
179
179
179
179
179
Book Value
179
357
536
714
893
872
693
515
336
158
Useful Life
5
5
5
5
5
Depreciation
374
374
374
374
374
Book Value
1,826
1,452
1,078
704
330
Useful Life
5
5
5
5
5
Book Value
168
337
505
673
842
Depreciation
168
168
168
168
168
Useful Life
5
5
5
5
5
6,120
12,240
18,360
24,480
30,600
Depreciation
6,120
6,120
6,120
6,120
6,120
Book Value
29,880
23,760
17,640
11,520
5,400
Useful Life
5
5
5
5
5
Depreciation
585
585
585
585
585
Book Value
2,855
2,270
1,686
1,101
516
Useful Life
5
5
5
5
5
Depreciation
877
877
877
877
877
Book Value
4,283
3,406
2,528
1,651
774
Useful Life
5
Depreciation
340
Book Value
1,660
374
748
1,122
1,496
1,870
585
1,170
1,754
2,339
2,924
877
1,754
2,632
3,509
4,386
340
822
653
485
317
149
5
5
5
5
680
1,020
1,360
1,700
340
340
340
340
1,320
980
640
300
Useful Life
15
15
15
15
15
1,133
2,267
3,400
4,533
5,667
Depreciation
1,133
1,133
1,133
1,133
1,133
Book Value
18,867
17,733
16,600
15,467
14,333
Useful Life
10
10
10
10
10
680
1,360
2,040
2,720
3,400
Depreciation
680
680
680
680
680
Book Value
7,320
6,640
5,960
5,280
4,600
Useful Life
5
5
5
5
5
1,360
2,720
4,080
5,440
6,800
Depreciation
1,360
1,360
1,360
1,360
1,360
Book Value
6,640
5,280
3,920
2,560
1,200
Useful Life
5
5
5
5
5
1,467
2,934
4,401
5,868
7,335
Depreciation
1,467
1,467
1,467
1,467
1,467
Book Value
5,868
4,401
2,934
1,467
-
Useful Life
5
5
5
Depreciation
780
780
780
Book Value
3,120
2,340
1,560
780
1,560
2,340
5
5
3,120
3,900
780
780
780
-
Book Value
1,760
1,320
880
440
-
Useful Life
5
5
5
5
5
440
880
1,320
1,760
2,200
Depreciation
440
440
440
440
440
Useful Life
15
15
15
15
15
2,124
4,248
6,372
8,495
10,619
Depreciation
2,124
2,124
2,124
2,124
2,124
Book Value
35,356
33,232
31,108
28,985
26,861
Useful Life
5
5
5
5
5
Depreciation
408
408
408
408
408
Book Value
1,992
1,584
1,176
768
360
Useful Life
5
5
5
5
5
Depreciation
119
119
119
119
119
Book Value
Selling
Administrative
408
816
1,224
1,632
2,040
119
238
357
476
595
RECIATION
2,231
136
1,927
793
581
462
343
224
105
89
408
119
2,454
2,124
5,374
Particulars
Supplies
Rent Expense
Salaries And Wages Expense
Utilities Expenses
Depreciation
Organizational Cost
Total
GENERAL AND ADMINISTRATIVE EXPENS

2016
2,665
480,000
298,828
84,123
20,894
3,300
2,700
5,374
12,035
909,919
L AND ADMINISTRATIVE EXPENSES

2017
2,665
480,000
298,828
84,123
20,894
3,300
2,700
5,374
897,884
2018
2019
2,665
###
298,828
84,123
20,894
3,300
2,700
5,374
897,884
2020
2,665
480,000
298,828
84,123
20,894
3,300
2,700
5,374
897,884
2,665
###
298,828
84,123
20,894
3,300
2,700
5,374
897,884
Particulars
Supplies
Advertising Expense
Salaries and Wages
Depreciation
SELLING EXPENSE
2016
4,976
7,250
1,000
418,359
27,846
4,500
4,500
2,454
470,885
2017
5,181
7,250
###
418,359
27,846
4,500
4,500
2,454
471,090
2018
5,401
7,250
1,000
418,359
27,846
4,500
4,500
2,454
471,310
2019
5,636
7,250
1,000
418,359
27,846
4,500
4,500
2,454
471,545
2020
5,886
7,250
1,000
418,359
27,846
4,500
4,500
2,454
471,795
Fixed Supplies Expense

Selling Expense
Spudger
Pliers
Total Fixed Supplies Expense-Selling
Administrative Expense
Ballpen
Working paper
Fire extinguisher
Logbook
Cleaning Tools
Total Fixed Supplies Expense-Admin
Total Fixed Supplies Expense
Selling Expense
Official Receipt
Total Variable Supplies Expense
Administrative Selling Expense
Selling Supplies Expense
2016
296.00
1,720.00
2017
296.00
1,720.00
2,016.00
2,016.00
500.00
300.00
1,300.00
65.00
500.00
500.00
300.00
1,300.00
65.00
500.00
2,665.00
2,665.00
4,681.00
4,681.00
Variable Supplies Expense
2016
2017
2,960.00
3,165.00
2,960.00
3,165.00
2,665.00
4,976.00
7,641.00
2,665.00
5,181.00
7,846.00
e
2018
296.00
1,720.00
2019
296.00
###
2020
296.00
1,720.00
2,016.00
2,016.00
2,016.00
500.00
300.00
1,300.00
65.00
500.00
###
###
###
###
###
500.00
300.00
1,300.00
65.00
500.00
2,665.00
4,681.00
2,665.00
4,681.00
2,665.00
4,681.00
2018
3,385.00
3,385.00
2019
3,620.00
3,620.00
2020
3,870.00
3,870.00
2,665.00
5,401.00
8,066.00
2,665.00
5,636.00
8,301.00
2,665.00
5,886.00
8,551.00
nse
GADGET CYLER Capital, beginning

Add: Net Income
Less: Drawings
GADGET CYCLER CAPITAL, end
Gadget Cycler
Comparative Changes in Owner's Equity
As of December 31, 2016 - December 31, 2020
2016
2017
500,000
618,110
118,110
241,517
618,110
859,626
Equity
er 31, 2020
2018
859,626
365,276
1,224,903
2019
1,224,903
501,314
1,726,217
2020
1,726,217
649,593
2,375,810
Particulars Unit Price

QTY
Tarpaulin
180
Fliers*
1
Total
* (1*3600) + 3600(labor)
50
3600
2016
50
7200
7250
2017
50
7200
7250
2018
50
7200
7250
2019
50
7200
7250
2020
50
7200
7250
Payback Period
Initial Investment
Net
Net
Net
Net
Net
Operating
Operating
Operating
Operating
Operating
Cash
Cash
Cash
Cash
Cash
Flow-2016
Flow-2017
Flow-2018
Flow-2019
Flow-2020
NET PRESENT VALUE

Initial Investment
Year
2016
2017
2018
2019
2020
Present value factor

0.8376612498
0.7016763694
0.5877671045
0.4923497274
0.412422288
Net Present Value for 5 years
Weighted Average Cost of Capital

Source of Financing:
Capital Investment
500000
Internal Rate of Return

Initial Investment
Net
Net
Net
Net
Net
Operating
Operating
Operating
Operating
Operating
IRR
Cash
Cash
Cash
Cash
Cash
Flow
Flow
Flow
Flow
Flow
2016
2017
2018
2019
2020
Payback Period
70,559.02
462,808.13
577,619.74
701,724.72
833,638.38
Payback Period
(500,000.00)
Payback years
273,853.68
226,146.32
1 year, 5 months and 26 days
NET PRESENT VALUE

(500,000.00)
Net Operating Cash Flow
70,559.02
462808.127376645
577619.744175721
701724.721862334
833638.375358165
Present Value
59104.5585458131
324741.526546792
339505.884559721
345493.975501486
343811.046102571
1412656.991256
912,656.99
hted Average Cost of Capital

Percentage
100%
WACC
19.38%
te of Return
(500,000.00)
70,559.02
462808.127376645
577619.744175721
701724.721862334
833638.375358165
65%
Industry Average - Busine
Payback years
1
0.48863948
hs and 26 days
ndustry Average - Business Services
SENSITIVITY ANALYSIS
10% DECREASE IN SALES VOLUME
Revenue
Less: Service Cost
Gross Profit
Less: Operating Expenses
General and Administrative Expens
Selling Expenses
Operating Income
2016.00
5829370.85
4482082.84
1347288.01
2017.00
6234512.13
4789495.97
1445016.15
715693.34
446275.67
185319.01
715693.34
446480.67
282842.15
2016.00
5829370.85
4978165.02
851205.83
2017.00
6234512.13
5319735.17
914776.96
715693.34
446275.67
(310763.17)
715693.34
446480.67
(247397.04)
2016.00
6477078.73
4960821.81
2960.00
4963781.81
1513296.92
2017.00
6927235.70
5302391.95
3165.00
5305556.95
1621678.74
19077.54
1274909.90
1293987.44
219309.48
19077.54
1274909.90
1293987.44
327691.30
2016.00
6477078.73
5456903.99
3256.00
5460159.99
1016918.74
2017.00
6927235.70
5832631.15
3481.50
5836112.65
1091123.05
17343.22
1159009.00
1176352.22
(159433.48)
17343.22
1159009.00
1176352.22
(85229.17)
10% DECREASE IN UNIT SELLING PRICE

Revenue
Less: Service Cost
Gross Profit
Selling Expenses
Operating Income
10% INCREASE IN FIXED COST
Revenue
Less: Variable Cost of Good Sold
Total Variable Cost
Contribution Margin
Less: Fixed Costs
Fixed Service Cost
Total Fixed Cost
Net Income
10% INCREASE IN VARIABLE COST
Revenue
Total Variable Cost
Contribution Margin
Less: Fixed Costs
Fixed Service Cost
Total Fixed Cost
Net Income
10% INCREASE IN OPERATING EXPENSES

Revenue
Less: Service Cost
Gross Profit
Selling Expenses
Operating Income
2016.00
6477078.73
4978165.02
1498913.70
2017.00
6927235.70
5319735.17
1607500.53
787262.67
490903.23
220747.80
787262.67
491128.73
329109.13
10% INCREASE IN WACC

NET PRESENT VALUE
Initial Investment
Year
Present value factor

2016.00
2017.00
2018.00
2019.00
2020.00
Net Present Value for 5 years
Net Operating Cash Flow

0.82
0.68
0.56
0.46
0.38
274017.34
462808.13
577619.74
701724.72
833638.38
2018.00
6667810.72
5118525.55
1549285.17
2019.00
7131223.57
5470115.16
1661108.41
2020.00
7626843.60
5846391.48
1780452.13
715693.34
446700.67
386891.17
715693.34
446935.67
498479.41
715693.34
447185.67
617573.13
2018.00
6667810.72
5685323.59
982487.13
2019.00
7131223.57
6075978.71
1055244.86
2020.00
7626843.60
6494063.50
1132780.10
715693.34
446700.67
(179906.87)
715693.34
446935.67
(107384.14)
715693.34
447185.67
(30098.90)
2018.00
7408678.58
5667980.37
3385.00
5671365.37
1737313.20
2019.00
7923581.74
6058635.49
3620.00
6062255.49
1861326.25
2020.00
8474270.67
6476720.29
3870.00
6480590.29
1993680.38
19077.54
1274909.90
1293987.44
443325.76
19077.54
1274909.90
1293987.44
567338.81
19077.54
1274909.90
1293987.44
699692.94
2018.00
7408678.58
6234778.41
3723.50
6238501.91
1170176.67
2019.00
7923581.74
6664499.04
3982.00
6668481.04
1255100.70
2020.00
8474270.67
7124392.32
4257.00
7128649.32
1345621.36
17343.22
1159009.00
1176352.22
(6175.55)
17343.22
1159009.00
1176352.22
78748.48
17343.22
1159009.00
1176352.22
169269.14

Net Income
Depreciation
Supplies Inventory
Withholding tax

Net Income
Depreciation
Supplies Inventory
Withholding tax

Net Income
Depreciation
Supplies Inventory
Withholding tax

Net Income
Depreciation
Supplies Inventory
Withholding tax
2018.00
7408678.58
5685323.59
1723354.99
2019.00
7923581.74
6075978.71
1847603.03
2020.00
8474270.67
6494063.50
1980207.17
787262.67
491370.73
444721.59
787262.67
491629.23
568711.13
787262.67
491904.23
701040.27
(500000.00)
Present Value
225867.01
314449.20
323494.05
323940.92
317213.37
1504964.56
1004964.56

Net Income
Depreciation
Supplies Inventory
Withholding tax
ash Flow from Operating Activities

Net Income
Depreciation
ecrease (increase) in:
Supplies Inventory
Withholding tax
et Cash provided from Operating Activities

Net Income
Depreciation
Supplies Inventory
Withholding tax

Net Income
Depreciation
Supplies Inventory
Withholding tax

Net Income
Depreciation
Supplies Inventory
Withholding tax
2016.00
2017.00
185319.01
23170.58
282842.15
23170.58
(107547.94)
21450.00
122391.65
(7474.58)
1785.60
300323.75
2016.00
2017.00
(310763.17)
23170.58
(247397.04)
23170.58
(107547.94)
21450.00
(373690.53)
(7474.58)
1785.60
(229915.44)
2016.00
2017.00
219309.48
23170.58
327691.30
23170.58
(107547.94)
21450.00
156382.12
(7474.58)
1785.60
345172.91
2016.00
2017.00
(159433.48)
23170.58
(85229.17)
23170.58
(107547.94)
21450.00
(222360.84)
(7474.58)
1785.60
(67747.57)

Net Income
Depreciation
Supplies Inventory
Withholding tax
2016.00
2017.00
220747.80
23170.58
329109.13
23170.58
(107547.94)
21450.00
157820.44
(7474.58)
1785.60
346590.73
2018.00
2019.00
2020.00
Initial Investment
386891.17
23170.58
498479.41
23170.58
617573.13
23170.58
(7994.07)
1482.24
403549.92
(8549.65)
2129.76
515230.10
(9143.85)
2283.48
633883.34
IRR
2018.00
2019.00
2020.00
Initial Investment
(179906.87)
23170.58
(107384.14)
23170.58
(30098.90)
23170.58
(7994.07)
1482.24
(163248.11)
(8549.65)
2129.76
(90633.45)
(9143.85)
2283.48
(13788.69)
IRR
2018.00
2019.00
2020.00
443325.76
23170.58
567338.81
23170.58
699692.94
23170.58
(7994.07)
1482.24
459984.52
(8549.65)
2129.76
584089.50
(9143.85)
2283.48
716003.15
Initial Investment
IRR
2018.00
2019.00
2020.00
Initial Investment
(6175.55)
23170.58
78748.48
23170.58
169269.14
23170.58
(7994.07)
1482.24
10483.21
(8549.65)
2129.76
95499.17
(9143.85)
2283.48
185579.35
IRR
2018.00
2019.00
2020.00
Initial Investment
444721.59
23170.58
568711.13
23170.58
701040.27
23170.58
(7994.07)
1482.24
461380.34
(8549.65)
2129.76
585461.82
(9143.85)
2283.48
717350.48
IRR
itial Investment
Net Operating Cash Flow 2016
itial Investment
itial Investment
itial Investment
(500000.00)
122391.65
300323.75
403549.92
515230.10
633883.34
0.52
(0.76)
(0.09)
0.25
0.42
(500000.00)
(373690.53)
(229915.44)
(163248.11)
(90633.45)
(13788.69)
(1.00)
(1.00)
(1.00)
(1.00)
(1.00)
(500000.00)
156382.12 -68.72%
345172.91
0.00
459984.52
0.34
584089.50
0.51
716003.15
0.60
(500000.00)
(222360.84)
(1.00)
(67747.57)
(1.00)
10483.21 -89.24%
95499.17
(0.45)
185579.35
(0.21)
itial Investment
(500000.00)
157820.44
346590.73
461380.34
585461.82
717350.48
0.61
(0.68)
0.01
0.34
0.51
REPAIR SERVICE
2016
VOLUME(in units)
2017
2018
679
1485
636
594
726
1588
681
635
776
1699
728
679
478
580
137
341
511
621
146
365
547
664
156
390
31
27
10
34
1226
34
29
11
36
1311
36
31
12
38
1402
FIXED SERVICE COST

Particulars
2016
2017
2018
Depreciation
Table with drawer
Chairs
Wifi router
Screwdrivers
Soldering iron
Desoldering tool
Laptop
Multitester
Steel Cabinet
793
136
89
877
374
168
6120
585
340
1133
680
1360
1467
780
793
136
89
877
374
168
6120
585
340
1133
680
1360
1467
780
793
136
89
877
374
168
6120
585
340
1133
680
1360
1467
780
Cellphone
Program Flashing
LCD replacement
Drop signal
Tablet
Program Flashing
LCD replacement
Drop signal
Laptop
Hard Drive
Memory
Motherboard
Software
Defective Phones
Unused Phones
Accessories
Earphones
Chargers
Connectors
TOTAL VARIABLE COST OF SALES
BITDEFENDER Sphere All Sec Unli

Device
Delivery Cost
440
2000
17343
440
2000
17343
440
2000
17343
2016
2960
2960
2017
3165
3165
2018
3385
3385

Particulars
Supplies Expense
Rent Expense
Utilities Expenses
Depreciation-Administrative
Depreciation-Selling
Advertising Expense
Salaries and Wages - Selling
2016
4,681.00
480000
84123
48740.4
7800
7200
5374
2454
7250
1000
418359.375
2017
4,681.00
480000
84123
48740.4
7800
7200
5374
2454
7250
1000
418359.375
2018
4,681.00
480000
84123
48740.4
7800
7200
5374
2454
7250
1000
418359.375
Salaries and Wages Administrative

Total Fixed Operating cost
298828.125
1365809
298828.125
1365809
298828.125
1365809
Total Fixed Service Cost

Particulars
Supplies Expense
Total Variable Operating Cost
(in units)
Variable Service cost/Unit

2017
2018
2019
2019
2020
2016
830
1817
779
727
888
1943
833
777
61.01
611.21
59.19
60.52
60.53
610.73
58.71
60.04
585
710
167
418
625
759
179
447
61.01
911.21
59.19
60.52
60.53
910.73
58.71
60.04
38
33
13
41
1500
41
36
14
44
1604
2019
2020
793
136
89
877
374
168
6120
585
340
1133
680
1360
1467
780
793
136
89
877
374
168
6120
585
340
1133
680
1360
1467
780
2163.71 2163.24
1162.30 1161.82
2675.02 2674.54
108.80
108.32
2060.52 2060.041
60.12
59.70
610.32
609.89
58.30
57.88
59.63
59.20
0.00
60.12
59.70
910.32
909.89
58.30
57.88
59.63
59.20
0.00
2162.83 2162.40
1161.41 1160.99
2674.13 2673.70
107.91
107.48
2059.632 2059.205
2020
59.33
609.53
57.51
58.84
59.33
909.53
57.51
58.84
2162.03
1160.62
2673.34
107.12
2058.84
440
2000
17343
440
2000
17343
2019
3620
3620
2020
3870
3870
2019
4,681.00
480000
84123
48740.4
7800
7200
5374
2454
7250
1000
418359.375
2020
4,681.00
480000
84123
48740.4
7800
7200
5374
2454
7250
1000
418359.375
298828.125
1365809
298828.125
1365809
2016
Variable Service cost in Pesos

2017
2018
2019
2020
41416.134
907609.97
37670.291
35947.177
43946.7439 46683.506 49573.414 52694.446

969928.029 1036643.42 1107914.46 1184205.1
39962.3026 42441.9921 45059.2771 47886.846
38141.1707 40514.1375 43019.5989 45725.681
29156.474
528769.21
8082.1164
20658.28
30937.9938 32864.6423 34899.1038 37096.274

565221.341 604232.781 645923.835 690538.3
8573.86476 9105.8792 9667.41461 10274.066
21919.1332 23282.8401 24722.6894 26277.832
68093.951
31701.468
28061.715
3652.268
2526354.8
595522.69
72810.3562
33890.7456
30006.6295
3888.90104
2701308.27
636911.52
77855.9548
36233.3941
32087.1832
4143.47717
2888475.68
681176.87
83250.5046
38737.3677
34311.7627
4413.91373
3088584.28
728518.67
89021.379
41416.584
36691.418
4704.6428
3302655.1
779150.71
13390.693 14321.3463 15316.6799 16381.1891 17519.682

64162.431 68621.7202 73390.9298 78491.5994 83946.766
20572.119 22001.881 23531.0117 25166.417 26915.483
4960821.8
5302392 5667980.37 6058635.49 6476720.3
VOLUME(in units)
2016
2017
2018 2019
2020
Program Flashing
LCD replacement
Drop signal
Tablet
Program Flashing
LCD replacement
Drop signal
Laptop
Hard Drive
Memory
Motherboard
Software
679
1485
636
594
726
1588
681
635
776
1699
728
679
830
1817
779
727
888
1943
833
777
478
580
137
341
511
621
146
365
547
664
156
390
585
710
167
418
625
759
179
447
31
27
10
34
34
29
11
36
36
31
12
38
38
33
13
41
41
36
14
44

Annual Salary
1226
1311
1402
1500
1604
Annual Demand
2017
2018 2019
726
776
830
1588
1699 1817
681
728
779
635
679
727
2020
888
1943
833
777
REPAIR SERVICE
Cellphone
Employer's Share
Total Direct Labor
Direct labor Cost Per unit
REPAIR SERVICE
Cellphone
Program Flashing
LCD replacement
Drop signal
Tablet
Program Flashing
LCD replacement
Drop signal
Laptop
Hard Drive
Memory
Motherboard
Software
2016
679
1485
636
594
478
580
137
341
511
621
146
365
547
664
156
390
585
710
167
418
625
759
179
447
31
27
10
34
34
29
11
36
36
31
12
38
38
33
13
41
41
36
14
44

Total Direct Labor Cost
Employer's Share
Divide: Total Demand for Repair
Additional DL per unit
1226
1311
1402
1500
1604
2016
2017
2018 2019 2020
50460 50760 51360 51660 52260
6259
6694
7159 7657 8189
8.061838 7.5828 7.1738 6.7468 6.3817
DL/Unit
2016
2017
In Pesos
2018
2019
2020
50 33941.62037 36300.56299
100 148494.5891 158814.9631
50 31820.2691 34031.7778
50 29698.91783 31762.99262
38823.4521 41521.682 44407.4389

169852.603 181657.359 194282.545
36396.9864 38926.5769 41631.974
33970.5206 36331.4718 38856.5091
50 23894.50386 25555.17188
100 58029.50938 62062.56028
50 6827.001103 7301.47768
50 17067.50276 18253.6942
27331.2563
66375.9082
7808.93038
19522.3259
29230.7786 31262.3178
70989.0338 75922.7717
8351.65104 8932.09079
20879.1276 22330.227
150 4720.629559 5048.713314 5399.59889 5774.87101 6176.22455

150 4091.212285 4375.551539 4679.65237 5004.88821 5352.72794
150 1573.543186 1682.904438 1799.8663
1924.957 2058.74152
100 3356.892131 3590.196134 3839.71477 4106.57494 4391.9819
50 61303.8068 65564.42137 70121.1487 74994.5685

424820
454345
485922
519694
50,460
50,760.00
51,360.00 51,660.00
475280
505105
537282
571354
80206.691
555812
52,260.00
608072
DL/unit
2016
58.06
108.06
58.06
58.06
2017
57.583
107.583
57.583
57.583
58.06
108.06
58.06
58.06
0.00
158.06
158.06
158.06
108.06
57.583
107.583
57.583
57.583
0.000
157.583
157.583
157.583
107.583
2018
57.17
107.17
57.17
57.17
0.00
57.17
107.17
57.17
57.17
0.00
157.17
157.17
157.17
107.17
Total direc
2019
56.75
106.75
56.75
56.75
0.00
56.75
106.75
56.75
56.75
0.00
156.75
156.75
156.75
106.75
2020
56.38
106.38
56.38
56.38
0.00
56.38
106.38
56.38
56.38
0.00
156.38
156.38
156.38
106.38
2016
39414.2576
160465.983
36950.8665
34487.4754
27747.1765
62707.7547
7927.7647
19819.4118
4974.34258
4311.0969
1658.11419
3627.51935
58.06
57.58
57.17
56.75
56.38 71188.2345
475279.997
Total
2017
41805.74
170857.5
39192.88
36580.02
29430.75
66768.62
8408.786
21021.96
5303.935
4596.743
1767.978
3862.432
direct labor
2018
2019
44393.7 47124.47
182037.5 193913.4
41619.09 44179.19
38844.49 41233.91
0
0
31252.64 33175.07
71137.59 75778.53
8929.327 9478.592
22323.32 23696.48
0
0
5657.837 6034.618
4903.459 5230.002
1885.946 2011.539
4115.169 4383.638
2020
50075.3
206681
46945.59
43815.88
0
35252.42
80767.9
10072.12
25180.3
0
6438.988
5580.456
2146.329
4672.263
75507.62 80181.87 85114.06 90443.71

505105
537282 571353.5 608072.2
SERVICE COST
REPAIR SERVICE
Cellphone
2016
Program Flashing
679
LCD replacement
1485
Drop signal
636
594
Tablet
Program Flashing
478
LCD replacement
580
Drop signal
137
341
Laptop
Hard Drive
31
Memory
27
Motherboard
10
Software
34
TOTAL REPAIR SERVICE COST
Buy and Sell
Defective Phones
1226
Unused Phones
298
TOTAL COST OF SECONDHAND PHONES
Accessories
Earphones
Charger
Connector
TOTAL COST OF ACCESSORIES

TOTAL VARIABLE COST OF SALES
FIXED COST OF SALES
Total Cost of Sales
67
321
103
VOLUME(in units)
2017
2018
2019
726
1588
681
635
776
1699
728
679
830
1817
779
727
511
621
146
365
547
664
156
390
585
710
167
418
34
29
11
36
36
31
12
38
38
33
13
41
1311
318
1402
341
1500
364
72
343
110
77
367
118
82
392
126
2020
2016
2017
Cost/unit
2018
2019
888
1943
833
777
61.01
611.21
59.19
60.52
60.53
610.73
58.71
60.04
60.12
610.32
58.30
59.63
59.70
609.89
57.88
59.20
625
759
179
447
61.01
911.21
59.19
60.52
60.53
910.73
58.71
60.04
60.12
910.32
58.30
59.63
59.70
909.89
57.88
59.20
41
36
14
44
2163.71
1162.30
2675.02
108.80
2163.24
1161.82
2674.54
108.32
2162.83
1161.41
2674.13
107.91
2162.40
1160.99
2673.70
107.48
1604
390
2060.52
2060.04
2059.63
2059.21
2000
2000
2000
2000
88
420
135
200 13390.69313188 14321.3463045 15316.6798727

200 64162.43125954 68621.7202321 73390.9297882
200 20572.11872251 22001.8809737 23531.0117014
98125.24311393 104944.94751 112238.621362
4960821.81
5302391.95
5667980.37
17343 17343.2166667 17343.2166667
4978165.02
5319735.17
5685323.59
Service cost in pesos

2017
2018
2020
2016
59.33
609.53
57.51
58.84
41416.13
907609.97
37670.29
35947.18
43946.7439 46683.506 49573.414 52694.445808

969928.029 1036643.42 1107914.46 1184205.0593
39962.3026 42441.9921 45059.2771 47886.846418
38141.1707 40514.1375 43019.5989 45725.680598
59.33
909.53
57.51
58.84
29156.47
528769.21
8082.12
20658.28
30937.9938 32864.6423 34899.1038 37096.273686

565221.341 604232.781 645923.835 690538.29871
8573.86476 9105.8792 9667.41461 10274.066265
21919.1332 23282.8401 24722.6894 26277.832216
2162.03
1160.62
2673.34
107.12
68093.95
31701.47
28061.72
3652.27
1740819.06
83250.5046
38737.3677
34311.7627
4413.91373
2121493.34
89021.379033
41416.583963
36691.418353
4704.6427719
2266532.53
2058.84
2526354.81 2701308.27 2888475.68 3088584.28

595522.69 636911.52 681176.87 728518.67
3121877.51 3338219.79 3569652.55 3817102.95
3302655.12
779150.71
4081805.83
2000
16381.189124 17519.681768
78491.599408 83946.7655674
25166.417015 26915.4829972
120039.20555 128381.930333
6058635.49
6476720.29
17343.216667 17343.2166667
6075978.71
6494063.50
72810.3562
33890.7456
30006.6295
3888.90104
1859227.21
77855.9548
36233.3941
32087.1832
4143.47717
1986089.20
2019
2020
Supplies Material Inventory Purchases

Purchases of Used phones
Purchases of Accessories
Supplies Expense
Direct Labor
Salaries Expenses
Utilities Expense
Rent Expense
TOTAL
Divide by:
Total
Multiply by (Cash Conversion Cycle)
Working Capital
Contingency Funds(10% of working capital)
Total
2107
1,300,050
3,259,488
104,945
7,846
505,105
717,188
84,123
480,000
6,458,744
360
17,941
8
143,528
14,341
157,869
2018
1,390,264
3,486,023
112,239
8,066
537,282
717,188
84,123
480,000
6,815,184
###
18,931
###
151,449
12,429
163,877
Cash, Beginning
Working Capital and Contingency
Total
Rounded Off
2,017
249,869
157,869
92,000
92,000
2,018
413,877
163,877
250,000
250000
Cash Beginning
Investment on Time Deposit
249,869
92,000
157,869
413,877
250,000
163,877
2019
1,486,749
3,728,301
120,039
8,301
571,354
717,188
84,123
480,000
7,196,054
360
19,989
8
159,912
4,785
164,697
2020
1,589,939
3,987,418
128,382
8,551
608,072
717,188
84,123
480,000
7,603,672
###
21,121
###
168,970
651
169,622
2,019
534,697
164,697
370,000
370000
2,020
659,622
169,622
490,000
490000
534,697
370,000
164,697
659,622
490,000
169,622
Investment in Time Deposit, Jan.1

Interest Rate
Interest Income
INTEREST INCOME
2016
0
3.25%
0
INTEREST INCOME
2017
92,000.00
3.25%
2990
2018
342,000.00
3.25%
11115
2019
712,000.00
3.25%
23140
2020
1,202,000.00
3.25%
39065
Other Income
Interest Income
Sale of Depreciated Asset
Gadget Cycler
Comparative Balance Sheet
As of December 31, 2016 - December 31,
ASSET
Current Asset
Cash
Interest Receivable
Supplies Inventory
Rent Deposit
Non-Current Asset
Furnitures and Fixtures
Property, Plant and Equipment
Other Asset
Investment on Time Deposit
Total assets
LIABILITIES AND OWNER'S EQUITY
Current Liability:
Withholding tax payable
Owner's Capital
GADGET CYCLER,Capital
Total Liabilities and Changes in Owner's Equity
Notes
(4)
(5)
Gadget Cycler
Comparative Balance Sheet
As of December 31, 2016 - December 31, 2020
2016
2017
2018
2019
249,869
413,877
2,990
115,023
80,000
534,697
14,105
123,017
80,000
659,622
37,245
131,566
80,000
642,901
78,547
95,706
8,061
92,000
886,204
73,220
80,549
5,374
342,000
1,252,962
67,893
65,392
2,687
712,000
1,756,406
24,792
26,577
28,059
30,189
618,110
642,901
859,626
886,204
1,224,903
1,252,962
1,726,217
1,756,406
107,548
80,000
83,873
110,863
10,748
2020
805,753
76,310
140,710
80,000
62,207
41,304
1,202,000
2,408,285
32,473
2,375,810
2,408,283
Notes
Revenue
Less: Cost of Sales
Gross Profit
Interest Income
Gross Income
General and Administrative Expense
Selling Expenses
Net Income
Revenue
Total Variable Cost
Contribution Margin
Less: Fixed Costs
Fixed Service Cost
Total Fixed Cost
Operating Income
Interest Income
Net Income
Gadget Cycler
Comparative Absorption Income Sta
For the Year Ended December 31, 2016 - Dec
2016
6,477,079
4,978,165
1,498,914
(1)
1,498,914
(2)
(3)
909,919
470,885
118,110
Gadget Cycler
Comparative Variable Income State
For the Year Ended December 31, 2016 - Dec
2016
6,477,079
4,960,822
2,960
4,963,782
1,513,297
17,343
1,365,809
1,383,152
130,145
130,145
Gadget Cycler
mparative Absorption Income Statement
2017
6,927,236
5,319,735
1,607,501
2,990
1,610,491
897,884
471,090
241,517
Gadget Cycler
omparative Variable Income Statement
2017
6,927,236
5,302,392
3,165
5,305,557
1,621,679
17,343
1,365,809
1,383,152
238,527
2,990
241,517
2018
7,408,679
5,685,324
1,723,355
11,115
1,734,470
2019
7,923,582
6,075,979
1,847,603
23,140
1,870,743
897,884
471,310
365,276
897,884
471,545
501,314
2018
7,408,679
5,667,980
3,385
5,671,365
1,737,313
2019
7,923,582
6,058,635
3,620
6,062,255
1,861,326
17,343
1,365,809
1,383,152
354,161
11,115
365,276
17,343
1,365,809
1,383,152
478,174
23,140
501,314
2020
8,474,271
6,494,064
1,980,207
39,065
2,019,272
897,884
471,795
649,593
2020
8,474,271
6,476,720
3,870
6,480,590
1,993,680
17,343
1,365,809
1,383,152
610,528
39,065
649,593
Liquidity Ratios
Current Ratio
Current Assets
Current liabilities
Quick(Acid Test) Ratio
Current Asset-Inventory
Current Liabilities
Average age of Inventory
365
Inventory Turnover
Cash Conversion Cycle
Average Age of Inventory +

Average Collection Period Average Payment Period
Operating Cycle
Average Age of Inventory +

Average Collection Period
Inventory Turnover
Cost of Good Sold

Average Inventory balance
Total Assets Turnover
Sales
Average Total Assets
Activity Ratios
Profitability Ratio
Gross Profit Margin
Net Sales - Cost of Sales

Net Sales
Net Profit Margin
Net Income
Net Sales
Return on Investment on total assets
Net Income
2016
1,498,914
6,477,079
23.14%
118,110
6,477,079
1.82%
118,110
Return on Investment on total assets
Return on Equity
Average Total Assets
Net Income
Average Owner's equity
642,901
18.37%
118,110
618,110
19.11%
2016
437,417
24,792
17.6
2017
611,890
26,577
23.0
2018
751,819
28,059
26.8
2019
908,433
30,189
30.1
329,869
24,792
13.31
496,867
26,577
18.70
628,802
28,059
22.41
776,867
30,189
25.73
2016
365
46.29
7.89
2017
365
47.80
7.64
2018
365
47.77
7.64
2019
365
47.73
7.65
7.89
7.64
7.64
7.65
7.89
7.64
7.64
7.65
4,978,165
107,548
46.29
5,319,735
111,285
47.80
5,685,324
119,020
47.77
6,075,979
127,291
47.73
6,477,079
642,901
10.07
6,927,236
764,552
9.06
7,408,679
1,069,583
6.93
7,923,582
1,504,684
5.27
2017
1,607,501
6,927,236
23.21%
2018
1,723,355
7,408,679
23.26%
2019
1,847,603
7,923,582
23.32%
2020
1,980,207
8,474,271
23.37%
241,517
6,927,236
3.49%
365,276
7,408,679
4.93%
501,314
7,923,582
6.33%
649,593
8,474,271
7.67%
241,517
365,276
501,314
649,593
764,552
31.59%
1,069,583
34.15%
1,504,684
33.32%
2,082,345
31.20%
241,517
738,868
32.69%
365,276
1,042,264
35.05%
501,314
1,475,560
33.97%
649,593
2,051,013
31.67%
2020
1,102,773
32,473
34.0
962,063
32,473
29.63
2020
365
47.70
7.65
7.65
7.65
6,494,064
136,138
47.70
8,474,271
2,082,345
4.07

FINAL Financial Statement With Ratio

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FINAL Financial Statement With Ratio

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Selling Price

Lamp with magnifying

Lamp with magnifying

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Lamp with magnifying

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SERVICE UNIT COST AND SERVICE FEE

Refurbished Phones Cost

Buying Price per kilo

Selling Price per

SALARIES (Bookkeeper, Sales Clerk, Cashier)

DEMAND AND SUPPLY

OVERHEAD PER UNIT

Pcs. Per Kilo

Salaries and Wages

Allowable Employee Salary Deductions Selling And Admin

Withholding Tax Payable

Salaries Expense (2016)

Salaries Expense (2017)

Salaries Expense (2018)

Salaries Expense (2019)

Salaries Expense (2020)

ns Selling And Admin

ISTRATIVE SALARIES AND WAGES

Total SemiMonthly Salary

13th Month Pay

LLING SALARIES AND WAGES

13th Month Pay

DIRECT SALARIES AND WAGES

13th Month Pay

Allowable Employee Salary Deductions DIRECT LABOR

Total Direct Labor

13th Month Pay

13th Month Pay

13th Month Pay

13th Month Pay

Total direct Labor

13th Month Pay

13th Month Pay

withholding for direct labor

Projected Population (2016)

Divide by: Ave. household size

Projected number of household (2016)

Multiply by: Ave. Defective CPs/household

Defective CPs in Tarlac City

Willing to avail repair services

Demand for CP repair services

Patronize our business

Projected Population (2016)

Projected Population (2016)

Patronize our business

BUY&SELL REFURBISHED CP (SELL)

BUY&SELL REFURBISHED CP (BUY)

Acceptance Rate (obsolescence, price and demand fac

Projected number of household (2016)

Current Year Demand

Prior Year's demand

Prior Year's demand

Prior Year's demand

Prior Year's demand

Prior Year's supply

Prior Year's supply

Current Year's supply