You are on page 1of 11

BITBITES PARTNERSHIP

INCOME STATEMENT

Sales
Less: Cost of Goods Sold
Gross Margin

2017
2018
4507113
4612566
3155981 3249306.06
1351132 1363259.94

OPERATING EXPENSES
Salaries and Wages
13th Month Pay
SSS, Pag-ibig and PhilHealth
Advertising and Promotions
Permit and Licenses
Utilities
Total Operating Expenses

374400
31200
24000
220
17410
118800
566030

374400
31200
24000
220
17410
118800
566030

DEPRECIATION EXPENSES
Machineries and Equipment
Stall
Total Depreciation Expenses
Total Expenses

11195
6000
17195
583225

11195
6000
17195
583225

NET INCOME
Less: Income Tax
Retained Earnings

767907
230372
537535

780035
234011
546025

2019
2020
4886662
5001071
3312053.94 3379361.44
1574608.06 1621709.56

2021
5292055
3446266
1845789

374400
31200
24000
220
17410
118800
566030

374400
31200
24000
220
17410
118800
566030

374400
31200
24000
220
17410
118800
566030

11195
6000
17195
583225

11195
6000
17195
583225

11195
6000
17195
583225

991383
297415
693968

1038485
311545
726939

1262564
378769
883795

BITBITES PARTNERSHIP
CASH FLOW
2017
2018
Cash In
Sales
Receipt of Output VAT from Sales
Total Cash In
Cash Outlay for Input VAT
Payment of VAT
Purchases of Inventories
Payment of Salaries and Wages
Payment of 13th Month Pay
Payment of Advertising and Promotion
Payment of Permits and Licenses
Payment of Utilities
Payment of Rent
Payment of Income Tax
Total Operating Activities
Net Cash provided by Operating Activities
Cash Flow for Investing Activities
Purchase of Machineries and Equipments
Purchase of Cleaning Materials
Purchase of Utensils
Net Cash provided by Investing Activities

Cash Flow for Financing Activities


Investment of Partners
Net Cash Flow used Financing Activities
Net Cash Flow
Beginning Balance of Cash
Ending Balance of Cash

2019

4,507,113
605,756
5,112,869

4,612,566 4,886,662
619,929
656,767
5,232,495 5,543,429

424,164
181,592
3,156,491
374,400
31,200
220
17, 410
118,800
234,000

436,707
183,222
3,221,860
374,400
31,200
220
17, 410
118,800
234,000
230,372
4,830,781
401,714

445,140
211,627
3,284,247
374,400
31,200
220
17, 410
118,800
234,000
234,011
4,933,645
609,785

935
935
400,779

935
3,440
4,375
605,410

400,779
1,056,653
1,457,432

605,410
1,457,432
2,062,842

4,520,867
592,002

55974
935
3,440
60,349
531,653

525,000
525,000
1,056,653
1,056,653

2020

2021

5,001,071
672,144
5,673,215

5,292,055
711,252
6,003,307

454,186
217,958
3,351,075
374,400
31,200
220
17, 410
118,800
234,000
297,415
5,079,254
593,961

463,178
248,074
3,417,434
374,400
31,200
220
17, 410
118,800
234,000
311,545
5,198,852
804,456

935
593,026

55974
935
3,440
60,349
744,107

593,026
2,062,842
2,655,868

744,107
2,655,868
3,399,975

935

378,769

BITBITES PARTNERSHIP
BALANCE SHEET
2017

2018

2019

ASSET
Cash
Prepaid Expense
Inventories
Total Current Assets

1,056,653
39,000
492690
1,588,343

1,457,432
39,000
520646
2,017,078

2,062,842
39,000
521007
2,622,849

Fixed Asset
Food Stall
Less: Accumulated Depreciation
Equipment
Less: Accumulated Depreciation
Total Machineries and Equipment
Total Assets

30,000
6,000
55,947
11,195
68,752
1,657,095

24,000
6,000
44,752
11,195
51,557
2,068,635

18,000
6,000
33,557
11,195
34,363
2,657,212

181,524
230,219
411,743

186,911
242,244
429,155

215,365
305,757
521,122

151,791
151,791
151,791
151,791
151,791
151,791
151,791
1,062,537
1,474,280

232,539
232,539
232,539
232,539
232,539
232,539
232,539
1,627,772
2,056,927

LIABILITIES
Current Liabilities
VAT Payable
Income Tax Payable
Total Liabilities
EQUITIES
Caasi, Capital
Cleofe, Capital
Ligad, Capital
Morales, Capital
Navato, Capital
Sederos, Capital
Quilantang, Capital
Total Equities
Total Liabilities and Capital

334,458
334,458
334,458
334,458
334,458
334,458
334,458
2,341,205
2,862,327

2020

2021

2,655,868
39,000
521487
3,216,355

3,399,975
39,000
522032
3,961,007

12,000
6,000
22,363
11,195
17,168
3,233,523

6,000
6,000
55,947
11,195
44,752
4,005,759

221,760
320,032
541,791

251,949
387,419
639,368

441,135
441,135
441,135
441,135
441,135
441,135
441,135
3,087,945
3,629,736

570,275
570,275
570,275
570,275
570,275
570,275
570,275
3,991,922
4,631,290

BITBITES PARTNERSHIP
2021
ASSET
Cash
Petty Cash
Supplies
Inventories
Total Current Assets
Machineries and Equipment
Machineries
Equipment
Less: Accumulated Depreciation
Total Machineries and Equipment
Total Assets
LIABILITIES
Accounts Payable
Wages Payable
Taxes Payable
Total Current Liabilities
Long Term Liabilities
Total Liabilities
EQUITIES
Caasi, Capital
Cleofe, Capital
Ligad, Capital
Morales, Capital
Navato, Capital
Sederos, Capital
Quilantang, Capital
Total Equities
Total Liabilities and Capital
Sales
Less: Cost of Goods Sold
Gross Margin
OPERATING EXPENSES
Salaries and Wages
13th Month Pay

SSS, Pag-ibig and PhilHealth


Advertising and Promotions
Taxes and Licenses
Utilities
Value Added Tax
Total Operating Expenses
DEPRECIATION EXPENSES
Machineries and Equipment
Total Depreciation Expenses
Total Expenses

NET INCOME
Less: Income Tax
Retained Earnings

2020

PhP

Changes
Increase (Decrease)
%

Ratio

2017
Balance, Beginning
Investment
Net Income from Operation
Total
Withdrawal of Partners
Balance, Ending

300,000

2018

2019

2020

2021

You might also like