FINANCIAL ASPECT

The financial feasibility of the proposed automated mini mart reflects the financial

feasibility and viability of this business venture. This part will also discuss the amount and terms

of the financing resources. This is where the four main financial statements like the Balance

Sheet, Income Statement, Statement of Cash Flow and the Statement of Partners Equity

will be presented. The span for each will be a five-year period to give a full picture of the

business financial feasibility. Using these data, we will also present the financial ratios that will

show the feasibility of the business in terms of its finances.

A. Financial Assumption

In order to come up with a more reliable and accurate financial statements, we came up

with the following major financial assumptions:

1. Services fees will depend on the type of services offered. It has been determined that the

service income will increase by 15% annually;

2. It is determined that the service income will be coming from 90% clients of Tacloban

City while the remaining 10% will be visitors of the city;

3. The service capacity will increase in the following manner:

65
 Table 23

Annual Projected Service Volume

Of Snack Pro Vending

2017-2021

YEAR PROJECTED SERVICE VOLUME

2017
36,255
2018
42,847
2019
46,143
2020
49,439
2021
65,918

4. Salaries and wages are computed to the kind of work they are handling and assumed will

not increase for five years.

5. Income tax is 35% of gross annual profit.

6. Maintenance and repairs is at 10% increase per annum

7. Fringe benefits include:

a. SSS Contributions

b. Phil Health

c. PAG-IBIG

d. Night differential is at 10% of the monthly salary.

8. Insurance Expense will be increasing at 15% per annum.

9. Utilities expenses will have a 5% increase annually.

10. Contingency expenses will be at 2% of total gross profit per year.

66
 11. Each partner will be allowed to make drawing equivalent to 75% of the income share.

12. The supplies and inventory goods will be paid in cash for 60% and 40% will an account

payable to the supplies

13. Inventories-Qty purchased and Qty sold are the same during the first two years

3rd year Qty purchased by 10%

Qty sold by 20%

4th year -- Qty purchased by 10%

Qty sold by 21%

5th year -- Qty purchased by 40%

Qty sold by 30%

Paid 60% on the year of purchase and 40% on the ff. year.

14. Service revenue- cost of service revenue is 60% of the total service revenue.

15. System database- Not depreciable since it is an intangible asset but stated for impairment.

Maintenances Expenses Php 35,000.00 per year.

16. Partners drawing-

1st year allowed to with 50% of the share in net income.

2nd will be 80% of the share in net income.

3rd will be 90% of the share in net income.

4rd will be 90% of the share in net income.

5th will be 90% of the share in net income.

In the succeeding pages, we will present a five-year comparative financial statements of

Snack Pro Vending.

67
 Like in any other businesses, SNACK PRO VENDING must know its overall financial

position to determine how much of its liquid assets can be used for short-term expenditures. The

proponents analyzed each financial statements that were prepared and calculated how financially

possible the proposed business proposal is. (The Financial Statements will be presented at the

end of this part of the Feasibility Study)

The Income Statement will give the proponents the idea if the businesss profitability. It

presents the gross income which includes the operating income coming from the main core of

business operation and whatever other sources of income that can be sourced from operations. In

the proposed business, for the first year of its operation, it has a net income after tax of Php

5,446,821.58. It has been observed that the service income was at Php 10,245,036.24 plus the

other income of Php 1,089,330.29, thus totaling to Php 11,334,366.53. The other income will be

coming from the rental fees of the car manufacturers that will have a showroom in the first floor

of the building and a convenience store that sells all personal and car-related necessities. In the

following year 2018, the business entity will be registering a gross revenue of Php 13,034,521.51

and the total expenses that can be attributed for the years operations was Php 1,909,574.68, thus,

earning a net income after tax amounting to Php 6,562,864.30. The very thriving and positive

results in the operations of the business will continue until 2021 by which the net income after

tax will increase to Php 10,862,011.92 because the operating expenses was up to Php

2,023,508.71 that will be deducted from the gross revenue of Php 19,823,877.90. In general, the

first five-year operation will be a fruitful and there will be a great chance of an earlier

implementation of the expansion to other major cities in the region like Ormoc City, Baybay

City, Calbayog City, Catbalogan City and Catarman City.

The company will be very liquid even in its pre-operating stage because it has a cash-on

hand of Php 342, 200.00. This cash has been the remaining balance after the company had
68
acquired land, put building, purchased equipment, furniture and fixtures, and after it has paid the

software for the e-park system. This cash on hand can be used in whatever operating activities

that needed immediate funding.

In the first year of operation (2017), the cash provided by the operations amounted to Php

5,568,917.04, which includes the depreciation amount deducted in the Income Statement. As we

all knew, in the Income Statement, we are deducting all expenses and part of these is

depreciation expense which in reality hasnt been cashed out, that is the reason that it needed to

be added back in the Statement of Cash Flow. To get the cash on hand at the end of a fiscal year

we need to add the cash generated from the operations plus cash at the beginning of the period

(which most often the cash on hand at the end of the previous fiscal year). For the proposed

business, it will be Php 1,826,000.84 for 2017. It can be observed that the increase in cash on

hand is attributed only to the cash flow in the operations because the proponents have not used

the funds for investing and financing activities. The cash on hand will continuously increase. All

the partners agreed to make drawings equivalent to 75% of each respective share of net income.

This is a good sign but it is not a wise decision to just keep the large amount of money idle. In

business, you need not to have a large some amount of cash on hand because it is not healthy

economically. As business minded people, they proponents will be thinking on how they can best

utilize the idle funds so that they can earn more.

Looking at the partners equity, it can be observed that the proponents will be motivated

to put up the business the soonest possible time because even in the first year of operation, they

can already recover almost three-fourths of what they have invested. As we can observe, in the

first year of operation, each partner will be having a fair share of Php 1,840,426.35. 00. In the

following year 2018, each partner can already fully recover their investments because the profit

sharing will be Php 1,640,716.07 each. Moreover, the next fiscal years, the partners will be
69
yielding more profits. The proponents have already agreed that if these will happen, they will

implement their plans of expanding or putting up a related business. By 2021, their respective

equity will be at Php 4,001,892.50, which is more than enough to put up another branch of the

same kind of business.

The last financial statement that will be presented will be the Balance Sheet. This will

show the financial position of the company. In the assets part, it is very observable that the

company will be very liquid because it has more than enough cash. Moreover, in the first year of

operation, the cash on hand is at Php 1,826,000.84 and for the year 2021, it will increase to Php

10,926,405.59. This is the reason that the proponents had already stated in the earlier part of this

study that expansion is already in place even in the 3 rd year of operations (2019) because by that

time the company has already Php 5,660,849.21 cash on hand. In the Non-Current assets part, the

first entry is the software for the e-park system that is amounting to Php 2,520,000.00. Land and

building also are presented in this part. The equipment, furniture and fixtures are included in this

portion. It can be observed that for building, equipment and furniture and fixtures, there are at

NET value, that is to say that accumulated depreciation has already been deducted from those

amounts presented in this part.

One thing to highlight in this study is the fact that the business has no liability. The

proponents have agreed that they will shell out money to finance the operations of the business.

They will not loan an amount from any lending institution under the name of the partnership but

they can personally borrow money from the banks.

After analyzing the financial statements we need to go deeper in assessing the financial

viability of the proposed business by employing financial equations and ratios.

70
 The first financial ratio that we will be computing is the Net Profit Rate. This will

measure how profitable the business is in light of the net income versus the gross revenue. The

equation will be:

Net profit rate = Net Income/gross revenue x 100%

Based on the table below, the net profit rate for the first year is 48.06% and it will

increase to 54.79% on the year 2020. This will give us already an idea if we are spending more

on the operations. As we all knew, every centavo counts in the business. So, in this test of

profitability, it can be implied that the proponents are using the funds efficiently and effectively

because the net income after tax is already at 48.06% on the first year of operation. It is to be

noted that tax deductions is at 35%, so the expenses is only at roughly 30% also. And the good

thing about is that the net income rate trending upward which means only that as the years pass

by, the proponents will be able to manage the expenses in the operations.

71
B. Sources of Financing

The proponents opted to shell out cash needed for the business to start up. Below is the

fund contribution of each partner.

As in the table beloweach partner will be contributing Php 2,500,000.00 each to the

business fund to finance all expenses of the pre-operation and operation activities of the

business.

The proponents also agreed to finance future endeavors of the company through loan if

necessary ONLY.

Table 24

Capital Contribution of the Partners

Of Snack Pro Vending

2017 2021

AMOUNT CONTRIBUTED
NAME
(Php)
Nilo Magdua 2,500,000.00
Phoebe Maquilan 2,500,000.00
Marelle Marie Mendoza 2,500,000.00
May Ann Rama 2,500,000.00

72
C. Capital Requirement

Table 25

Capital Requirements

Of Snack Pro Vending

2017 2021

ITEMS COST (Php)

Acquisition of Land 2,420,000.00
Acquisition of Building 1,375,000.00
Acquisition of the Software 85,000.00
Acquisition of the Equipment, Furniture
2,152,700.00
and Fixtures
Registration to various agencies 801,486.00
Working capital 7,165,814.00
TOTAL 6,000,000.00

73
D. Service Pricelist

Table 26

Service Pricelist

Of Snack Pro Vending

2017 2021

UNIT
SERVICE VOLUME
SERVICE
PRICE
2017 2018 2019 2020 2021
Coffee Vendo 5.00 36,255 42,847 46,143 49,439 65,918

Internet 5.00 36,255 42,847 46,143 49,439 65,918

Cellphone Charging 5.00 36,255 42,847 46,143 49,439 65,918

Payphone 5.00 36,255 42,847 46,143 49,439 65,918

Regular 10 10.00 36,255 42,847 46,143 49,439 65,918

Regular 15 15.00 36,255 42,847 46,143 49,439 65,918

Regular 20 20.00 36,255 42,847 46,143 49,439 65,918

Regular 50 50.00 36,255 42,847 46,143 49,439 65,918

Regular 100 100.00 36,255 42,847 46,143 49,439 65,918

Regular 300 300.00 36,255 42,847 46,143 49,439 65,918

Regular 500 500.00 36,255 42,847 46,143 49,439 65,918

Slush Machine 20.00 36,255 42,847 46,143 49,439 65,918

Ice Cream Machine 10.00 36,255 42,847 46,143 49,439 65,918

74
E. Product Pricelist

Table 27

Product Pricelist

Of Snack Pro Vending

2017 2021

ITEMS UNIT PRICE (Php) SALE PRICE (Php)

CANNED BEVERAGE VENDING (CARBONATED DRINKS)
Assorted (355mL) 8.21 12.00
Cobra 8.75 11.00
Coke Mismo 8.00 11.00
Sprite 6.71 9.00
BOTTLE BEVERAGE VENDING (MINERAL WATER/ICED TEA/JUICE)
Aqua Sweet Mineral (500mL) 7.80 10.00
C2 (350mL) 14.50 17.00
C2 solo 7.35 10.00
Gatorade 8.33 12.00
CHIPS VENDING (ASSORTED BRANDS)
Chippy 5.30 6.00
Marty's (Salt and Vinegar) 4.30 6.00
Marty's Original 4.30 6.00
Marty's Spicy 4.30 6.00
Nova 10.50 12.00
Oishi (28g) 4.30 6.00
Piattos 10.50 12.00
Pillows choco 7.25 8.00
Crispy Patata (25g) 4.30 6.00
Mang Juan Chicharon 5.10 7.00
GROCERY (FOOD AND DRUGS)
Argentina Beef Loaf (150g) 15.90 17.00
Argentina Corned Beef (100g) 18.85 20.00
Argentina Sausage (175g) 17.90 19.00
Bravo Biscuit 4.24 6.00
Century Tuna Flakes in Oil 26.35 28.00
Choco Mucho 5.85 7.00
Cloud9 5.90 7.00
Combi Choco 4.50 5.00
Cream-O Choco 6.69 8.00
Dingdong 0.88 1.00
Dingdong snack mix 0.98 1.00
75
Dynamite 0.58 1.00
Eden (175g) 40.40 42.00
Eden Cheese (35g) 9.75 11.00
Emperador Lights (1L) 104.00 110.00
Emperador Lights (750mL) 76.25 80.00
Energen Choco 4.69 6.00
Energen Vanilla 30g 4.70 6.00
Fita 4.15 5.00
Flat Tops 1.18 1.50
Fortune Menthol 1.28 2.00
Fortune Red 1.28 2.00
Fres Mint 0.53 1.00
GSM Blue (700mL) 71.00 75.00
Halls 0.77 1.00
Hansel Choco 4.41 5.00
Happy 0.88 1.00
Lady's Choice Chicken Spread 7.00 8.00
Lady's Choice Ham Spread 7.00 8.00
Lady's Choice Sandwich Spread 7.00 8.00
Lady's Choice Tuna Spread 7.00 8.00
Loaded Chocolate 4.80 6.00
Loaded White 4.80 6.00
Lucky Me Cup Noodles Batchoy 15.00 16.00
Lucky Me Cup Noodles Bulalo 14.50 15.50
Lucky Me Cup Noodles Mini Beef 15.00 16.50
Lucky Me Cup Noodles Pinoy Chicken 15.00 16.50
Lucky Me Jjampong 20.00 21.00
LuckyMe Cup Noodles Sea Food 15.00 16.00
Malboro Red 2.51 3.00
Marlboro Black 3.00 4.00
Marlboro Green Lights Menthol
28.25 31.00
Fliptop per Pack
Marlboro Lights 2.51 3.00
Marlboro Lights Fliptop per Pack 28.25 30.00
Marlboro Red Fliptop per Pack 28.25 30.00
Marlbro Black Fliptop per Pack 29.00 31.00
Maxx 0.58 1.00
Mentos Center Fruit 1.00 1.00
Mentos Fruit Square 0.54 1.00
Mentos Mint 0.58 1.00
Mighty Menthol 0.80 1.00
Mighty Premium 0.80 1.00
Mini Mentos Rainbow 1.00 2.00
Nissin Cup Batchoy 14.75 16.00

76
Nissin Cup Beef 14.75 16.00
Nissin Cup Spicy Sea Food 14.75 16.00
Nissin Sea Food 14.75 16.00
Philipp Morris 2.51 3.00
Presto Choco 4.27 5.00
Purefoods Beef Loaf 30.00 32.00
Purefoods Chunkee Corned Beef
35.00 37.00
(150g)
Purefoods Corned Beef (150g) 49.00 51.00
Purefoods Liver Spread 22.90 24.00
Purefoods Sisig (150g) 36.00 38.00
Quez-0 38.80 40.00
Rebisco Choco Sandwich 4.41 5.00
San Marino Corned Tuna (100g) 20.00 21.00
San Marino Tuna Spread 16.95 18.00
Sky Flakes 3.88 5.00
Stick-0 0.90 1.00
Swif Vienna Sausage (114g) 25.85 27.00
Swift Corned Beef (175g) 29.00 30.00
The Bar 79.00 85.00
Voice Choco 4.15 5.00
Yakult Probiotcs 7.42 9.00
GROCERY (KITCHEN WARES AND TOILETRIES)
Baby wipes 18.00 21.00
Band aid 0.70 2.00
Baygon (100mL) 36.50 38.00
Baygon Katol 2.86 4.00
Bueno Match 1.25 2.00
Charmee (non-wings) 1.89 4.00
Clear 4.50 6.00
Colgate Toothbrush 9.60 12.00
Colgate Toothpaste MCP (50mL) 37.50 39.00
Cotton Buds 2.29 5.00
Cream Silk 5.17 6.00
Efficascent Oil 28.25 30.00
EQ Diaper 7.31 9.00
Eskinol (75mL) 29.25 32.00
Gilette Razor 14.95 16.00
Green Cross Alcohol (60mL) 14.15 16.00
Gridps Hair Waxx 4.75 6.00
Happy Cotton (12g) 4.55 6.00
Head and Shoulder Menthol 4.70 6.00
Johnson baby lotion milk 35.35 37.00
Johnson Baby Oil 14.92 16.00

77
Johnson Baby Powder (25g) 10.66 12.00
Johnson Baby Regular Soap (100g) 24.65 26.00
Kiwi 7.04 9.00
Lewis and Pearl 14.92 16.00
Modess 4.58 5.00
Palmolive Pink Natural Soap (55g) 11.95 13.00
Palmolive Shampoo 4.01 5.00
Pampers 7.52 9.00
Ponds Antibacterial Scrub 4.30 6.00
Rejoice Conditioner 4.54 6.00
Rexona (3mL) 7.08 8.00
Safeguard White (60g) 14.50 16.00
Safeguard White (90g) 23.00 24.00
Silka Papaya 14.70 16.00
Sunsilk 3.74 6.00
Vicks Vapor (5g) 19.00 21.00
Whisper Regular 3.63 5.00
Young Styling Gel 1.14 3.00
GROCERY (NON VENDABLE BEVERAGES)
Redhorse 27.42 32.00
Redhorse 1L 55.83 65.00
San Miguel Light 22.08 26.00
Mountain Dew Lemon (1.5L) 40.40 45.00
Royal (1.5L) 43.40 45.00
Sprite(1.5L) 43.40 45.00
Zesto Apple 5.48 7.00
Zesto Orange 5.48 7.00
MICROWAVABLE READY-TO-EAT MEALS
Rice meals 25.00 30.00

78
F. Inventory

Table 28

Inventory

Of Snack Pro Vending

2017 2021

2017 2018 2019 2020 2021

SERVICE/PRODUCT
(pcs) (pcs) (pcs) (pcs) (pcs)
CANNED BEVERAGE VENDING (CARBONATED DRINKS)
Assorted (355mL) 2,159 4,314 4,316 1,188 251
Cobra 2,301 4,599 4,601 1,266 268
Coke Mismo 3,152 6,307 6,306 1,723 346
Sprite 1,765 3,526 3,527 971 205
BOTTLE BEVERAGE VENDING (MINERAL WATER/ICED TEA/JUICE)
Aqua Sweet Mineral
2,566 5,117 5,112 1,392 270
(500mL)
C2 (350mL) 3,814 7,623 7,626 2,099 444
C2 solo 1,933 3,863 3,865 1,064 225
Gatorade 2,191 4,380 4,382 1,206 255
CHIPS VENDING (ASSORTED BRANDS)
Chippy 2,899 5,804 5,806 1,585 314
Marty's (Salt and Vinegar) 2,352 4,709 4,710 1,286 255
Marty's Original 2,352 4,709 4,710 1,286 255
Marty's Spicy 2,352 4,709 4,710 1,286 255
Nova 5,744 11,498 11,502 3,139 623
Oishi (28g) 2,352 4,709 4,710 1,286 255
Piattos 5,744 11,498 11,502 3,139 623
Pillows choco 3,966 7,939 7,942 2,168 430
Crispy Patata (25g) 2,352 4,709 4,710 1,286 255
Mang Juan Chicharon 2,790 5,585 5,587 1,525 303
GROCERY (FOOD AND DRUGS)
Argentina Beef Loaf
8,697 17,410 17,417 4,754 943
(150g)
Argentina Corned Beef
10,311 20,641 20,648 5,636 1,118
(100g)
Argentina Sausage (175g) 9,791 19,600 19,608 5,352 1,062
79
Bravo Biscuit 4,643 9,275 9,275 2,541 521
Century Tuna Flakes in
14,413 28,853 28,864 7,878 1,563
Oil
Choco Mucho 6,406 12,801 12,801 3,507 719
Cloud9 6,461 12,912 12,912 3,538 726
Combi Choco 4,928 9,855 9,855 2,700 554
Cream-O Choco 7,326 14,640 14,640 4,011 823
Dingdong 1,927 3,854 3,854 1,056 217
Dingdong snack mix 2,146 4,271 4,271 1,170 240
Dynamite 3,176 6,351 6,351 1,740 357
Eden (175g) 8,848 17,695 17,695 4,848 994
Eden Cheese (35g) 2,135 4,271 4,271 1,170 240
Emperador Lights (1L) 34,216 68,224 68,162 18,556 3,598
Emperador Lights
25,086 50,020 49,974 13,605 2,638
(750mL)
Energen Choco 2,565 5,136 5,137 1,402 278
Energen Vanilla 30g 2,571 5,146 5,148 1,405 279
Fita 2,270 4,544 4,546 1,241 246
Flat Tops 3,876 7,772 7,772 2,130 437
Fortune Menthol 2,803 5,585 5,585 1,530 314
Fortune Red 2,803 5,585 5,585 1,530 314
Fres Mint 2,902 5,804 5,804 1,590 326
GSM Blue (700mL) 38,837 77,745 77,773 21,227 4,212
Halls 4,216 8,432 8,432 2,310 474
Hansel Choco 2,412 4,823 4,825 1,317 261
Happy 964 1,927 1,927 528 108
Lady's Choice Chicken
2,303 4,592 4,588 1,249 242
Spread
Lady's Choice Ham
2,303 4,592 4,588 1,249 242
Spread
Lady's Choice Sandwich
2,303 4,592 4,588 1,249 242
Spread
Lady's Choice Tuna
2,303 4,592 4,588 1,249 242
Spread
Loaded Chocolate 2,626 5,256 5,258 1,435 285
Loaded White 2,626 5,256 5,258 1,435 285
Lucky Me Cup Noodles
16,425 32,850 32,850 9,001 1,846
Batchoy
Lucky Me Cup Noodles 15,878 31,755 31,755 8,701 1,785
80
Bulalo
Lucky Me Cup Noodles
16,425 32,850 32,850 9,001 1,846
Mini Beef
Lucky Me Cup Noodles
16,425 32,850 32,850 9,001 1,846
Pinoy Chicken
Lucky Me Jjampong 21,900 43,800 43,800 12,001 2,462
LuckyMe Cup Noodles
16,425 32,850 32,850 9,001 1,846
Sea Food
Malboro Red 5,497 10,994 10,994 3,012 618
Marlboro Black 6,570 13,140 13,140 3,600 738
Marlboro Green Lights
61,868 123,735 123,735 33,903 6,954
Menthol Fliptop per Pack
Marlboro Lights 5,497 10,994 10,994 3,012 618
Marlboro Lights Fliptop
18,560 37,121 37,121 10,171 2,086
per Pack
Marlboro Red Fliptop per
18,560 37,121 37,121 10,171 2,086
Pack
Marlbro Black Fliptop per
19,053 38,106 38,106 10,441 2,142
Pack
Maxx 3,176 6,351 6,351 1,740 357
Mentos Center Fruit 547 1,095 1,095 299 59
Mentos Fruit Square 591 1,172 1,172 321 66
Mentos Mint 635 1,259 1,259 345 71
Mighty Menthol 1,752 3,504 3,504 960 197
Mighty Premium 1,752 3,504 3,504 960 197
Mini Mentos Rainbow 1,095 2,190 2,190 600 123
Nissin Cup Batchoy 16,151 32,303 32,303 8,851 1,815
Nissin Cup Beef 16,151 32,303 32,303 8,851 1,815
Nissin Cup Spicy Sea
16,151 32,303 32,303 8,851 1,815
Food
Nissin Sea Food 16,151 32,303 32,303 8,851 1,815
Philipp Morris 5,497 10,972 10,972 3,006 617
Presto Choco 2,336 4,676 4,677 1,277 253
Purefoods Beef Loaf 16,410 32,850 32,862 8,969 1,780
Purefoods Chunkee
19,145 38,325 38,339 10,464 2,076
Corned Beef (150g)
Purefoods Corned Beef 26,803 53,655 53,675 14,650 2,907
81
(150g)
Purefoods Liver Spread 12,526 25,075 25,085 6,847 1,359
Purefoods Sisig (150g) 19,692 39,420 39,434 10,763 2,136
Quez-0 12,765 25,453 25,430 6,923 1,343
Rebisco Choco Sandwich 2,412 4,823 4,825 1,317 261
San Marino Corned Tuna
10,940 21,900 21,908 5,980 1,186
(100g)

San Marino Tuna Spread 9,272 18,560 18,567 5,068 1,006

Sky Flakes 2,122 4,243 4,245 1,159 230

Stick-0 591 1,183 1,183 324 66

Swif Vienna Sausage

14,140 28,306 28,316 7,729 1,534
(114g)

Swift Corned Beef (175g) 15,863 31,755 31,767 8,670 1,720

The Bar 43,213 86,505 86,537 23,619 4,687

Voice Choco 2,270 4,544 4,546 1,241 246

Yakult Probiotcs 3,250 6,500 6,500 1,781 365

GROCERY (KITCHEN WARES AND TOILETRIES)

Baby wipes 1,188 2,347 2,333 607 72

Band aid 767 1,533 1,533 420 86

Baygon (100mL) 2,409 4,760 4,731 1,231 146

Baygon Katol 315 623 622 167 29

Bueno Match 548 1,095 1,095 300 62

Charmee (non-wings) 497 991 991 273 58

Clear 1,184 2,365 2,366 651 138

Colgate Toothbrush 1,056 2,093 2,087 561 96

82
Colgate Toothpaste MCP
1,238 2,464 2,471 701 178
(50mL)

Cotton Buds 1,205 2,405 2,403 655 129

Cream Silk 2,719 5,425 5,422 1,478 290

Efficascent Oil 1,865 3,684 3,661 953 113

EQ Diaper 958 1,929 1,934 541 129

Eskinol (75mL) 2,896 5,765 5,751 1,600 373

Gilette Razor 1,958 3,944 3,954 1,106 264

Green Cross Alcohol

934 1,845 1,834 477 57
(60mL)

Gridps Hair Waxx 418 827 824 219 33

Happy Cotton (12g) 596 1,200 1,203 336 80

Head and Shoulder

616 1,240 1,243 348 83
Menthol

Johnson baby lotion milk 1,167 2,322 2,330 660 168

Johnson Baby Oil 985 1,945 1,933 503 60

Johnson Baby Powder

1,396 2,812 2,820 788 188
(25g)

Johnson Baby Regular

542 1,080 1,082 304 74
Soap (100g)

Kiwi 922 1,857 1,862 521 124

Lewis and Pearl 985 1,945 1,933 503 60

Modess 1,805 3,611 3,610 986 198

83
Palmolive Pink Natural
789 1,558 1,549 403 48
Soap (55g)

Palmolive Shampoo 1,580 3,160 3,159 863 173

Pampers 985 1,983 1,988 556 133

Ponds Antibacterial Scrub 800 1,601 1,600 436 85

Rejoice Conditioner 595 1,198 1,201 336 80

Rexona (3mL) 5,579 11,176 11,181 3,074 648

Safeguard White (60g) 1,900 3,825 3,835 1,072 256

Safeguard White (90g) 1,518 2,999 2,981 776 92

Silka Papaya 4,836 9,643 9,634 2,623 509

Sunsilk 1,230 2,452 2,450 667 129

Vicks Vapor (5g) 1,254 2,478 2,463 641 76

Whisper Regular 1,271 2,544 2,547 703 153

Young Styling Gel 149 301 302 84 20

GROCERY (NON VENDABLE BEVERAGES)

Redhorse 7,211 14,410 14,416 3,967 839

Redhorse 1L 3,685 7,280 7,236 1,883 223

San Miguel Light 5,807 11,607 11,611 3,195 676

Mountain Dew Lemon

10,625 21,234 21,242 5,846 1,237
(1.5L)

Royal (1.5L) 11,414 22,811 22,820 6,280 1,328

Sprite(1.5L) 11,414 22,811 22,820 6,280 1,328

Zesto Apple 2,998 5,995 5,997 1,637 325

Zesto Orange 2,998 5,995 5,997 1,637 325

84
MICROWAVABLE READY-TO-EAT MEALS

Rice meals 27,375 54,750 54,750 15,002 3,077

85
G. Sales Revenue

Table 29

Sales Revenue

Of Snack Pro Vending

2017 2021

ITEMS 2017 2018 2019 2020 2021

CANNED BEVERAGE VENDING (CARBONATED DRINKS)
Assorted (355mL) 34,692.00 34,692.00 41,630.40 50,372.78 65,484.62
Cobra 31,801.00 31,801.00 38,161.20 46,175.05 60,027.57
Coke Mismo 47,696.00 47,696.00 57,235.20 69,254.59 90,030.97
Sprite 26,019.00 26,019.00 31,222.80 37,779.59 49,113.46
BOTTLE BEVERAGE VENDING (MINERAL WATER/ICED TEA/JUICE)
Aqua Sweet Mineral
36,140.00 36,140.00 43,368.00 52,475.28 68,217.86
(500mL)
C2 (350mL) 49,147.00 49,147.00 58,976.40 71,361.44 92,769.88
C2 solo 28,910.00 28,910.00 34,692.00 41,977.32 54,570.52
Gatorade 34,692.00 34,692.00 41,630.40 50,372.78 65,484.62
CHIPS VENDING (ASSORTED BRANDS)
Chippy 36,138.00 36,138.00 43,365.60 52,472.38 68,214.09
Marty's (Salt and
36,138.00 36,138.00 43,365.60 52,472.38 68,214.09
Vinegar)
Marty's Original 36,138.00 36,138.00 43,365.60 52,472.38 68,214.09
Marty's Spicy 36,138.00 36,138.00 43,365.60 52,472.38 68,214.09
Nova 72,276.00 72,276.00 86,731.20 104,944.75 136,428.18
Oishi (28g) 36,138.00 36,138.00 43,365.60 52,472.38 68,214.09
Piattos 72,276.00 72,276.00 86,731.20 104,944.75 136,428.18
Pillows choco 48,184.00 48,184.00 57,820.80 69,963.17 90,952.12
Crispy Patata (25g) 36,138.00 36,138.00 43,365.60 52,472.38 68,214.09
Mang Juan Chicharon 42,161.00 42,161.00 50,593.20 61,217.77 79,583.10
GROCERY (FOOD AND DRUGS)
Argentina Beef Loaf
102,391.0 102,391.0 122,869.2
148,671.73 193,273.25
0 0 0
(150g)
Argentina Corned Beef
120,460.0 120,460.0 144,552.0
174,907.92 227,380.30
0 0 0
(100g)
Argentina Sausage 114,437.00 114,437.00 137,324.4 166,162.52 216,011.28
86
(175g) 0
Bravo Biscuit 72,270.00 72,270.00 86,724.00 104,936.04 136,416.85
Century Tuna Flakes in
168,644.0 168,644.0 202,372.8
244,871.09 318,332.41
0 0 0
Oil
101,178.0
Choco Mucho 84,315.00 84,315.00 122,425.38 159,152.99
0
101,178.0
Cloud9 84,315.00 84,315.00 122,425.38 159,152.99
0
Combi Choco 60,225.00 60,225.00 72,270.00 87,446.70 113,680.71
Cream-O Choco 96,360.00 96,360.00 115,632.00 139,914.72 181,889.14
Dingdong 24,090.00 24,090.00 28,908.00 34,978.68 45,472.28
Dingdong snack mix 24,090.00 24,090.00 28,908.00 34,978.68 45,472.28
Dynamite 60,225.00 60,225.00 72,270.00 87,446.70 113,680.71
101,178.0 101,178.0 121,413.6
Eden (175g) 146,910.46 190,983.59
0 0 0
Eden Cheese (35g) 26,499.00 26,499.00 31,798.80 38,476.55 50,019.51
397,540.0 397,540.0 477,048.0
Emperador Lights (1L) 577,228.08 750,396.50
0 0 0
Emperador Lights
289,120.0 289,120.0 346,944.0
419,802.24 545,742.91
0 0 0
(750mL)
Energen Choco 36,138.00 36,138.00 43,365.60 52,472.38 68,214.09
Energen Vanilla 30g 36,138.00 36,138.00 43,365.60 52,472.38 68,214.09
Fita 30,115.00 30,115.00 36,138.00 43,726.98 56,845.07
Flat Tops 54,202.50 54,202.50 65,043.00 78,702.03 102,312.64
Fortune Menthol 48,180.00 48,180.00 57,816.00 69,957.36 90,944.57
Fortune Red 48,180.00 48,180.00 57,816.00 69,957.36 90,944.57
Fres Mint 60,225.00 60,225.00 72,270.00 87,446.70 113,680.71
451,725.0 451,725.0 542,070.0
GSM Blue (700mL) 655,904.70 852,676.11
0 0 0
Halls 60,225.00 60,225.00 72,270.00 87,446.70 113,680.71
Hansel Choco 30,115.00 30,115.00 36,138.00 43,726.98 56,845.07
Happy 12,045.00 12,045.00 14,454.00 17,489.34 22,736.14
Lady's Choice Chicken
28,912.00 28,912.00 34,694.40 41,980.22 54,574.29
Spread
Lady's Choice Ham
28,912.00 28,912.00 34,694.40 41,980.22 54,574.29
Spread
Lady's Choice
28,912.00 28,912.00 34,694.40 41,980.22 54,574.29
Sandwich Spread
Lady's Choice Tuna
28,912.00 28,912.00 34,694.40 41,980.22 54,574.29
Spread
87
Loaded Chocolate 36,138.00 36,138.00 43,365.60 52,472.38 68,214.09
Loaded White 36,138.00 36,138.00 43,365.60 52,472.38 68,214.09
Lucky Me Cup
192,720.0 192,720.0 231,264.0
279,829.44 363,778.27
0 0 0
Noodles Batchoy
Lucky Me Cup
186,697.5 186,697.5 224,037.0
271,084.77 352,410.20
0 0 0
Noodles Bulalo
Lucky Me Cup
198,742.5 198,742.5 238,491.0
288,574.11 375,146.34
0 0 0
Noodles Mini Beef
Lucky Me Cup
198,742.5 198,742.5 238,491.0
288,574.11 375,146.34
0 0 0
Noodles Pinoy Chicken
252,945.0 252,945.0 303,534.0
Lucky Me Jjampong 367,276.14 477,458.98
0 0 0
LuckyMe Cup Noodles
192,720.0 192,720.0 231,264.0
279,829.44 363,778.27
0 0 0
Sea Food
Malboro Red 72,270.00 72,270.00 86,724.00 104,936.04 136,416.85
Marlboro Black 96,360.00 96,360.00 115,632.00 139,914.72 181,889.14
Marlboro Green Lights
746,790.0 746,790.0 896,148.0 1,084,339.0 1,409,640.8
Menthol Fliptop per
0 0 0 8 0
Pack
Marlboro Lights 72,270.00 72,270.00 86,724.00 104,936.04 136,416.85
Marlboro Lights
216,810.0 216,810.0 260,172.0
314,808.12 409,250.56
0 0 0
Fliptop per Pack
Marlboro Red Fliptop
216,810.0 216,810.0 260,172.0
314,808.12 409,250.56
0 0 0
per Pack
Marlbro Black Fliptop
224,037.0 224,037.0 268,844.4
325,301.72 422,892.24
0 0 0
per Pack
Maxx 60,225.00 60,225.00 72,270.00 87,446.70 113,680.71
Mentos Center Fruit 6,023.00 6,023.00 7,227.60 8,745.40 11,369.01
Mentos Fruit Square 12,045.00 12,045.00 14,454.00 17,489.34 22,736.14
Mentos Mint 12,045.00 12,045.00 14,454.00 17,489.34 22,736.14
Mighty Menthol 24,090.00 24,090.00 28,908.00 34,978.68 45,472.28
Mighty Premium 24,090.00 24,090.00 28,908.00 34,978.68 45,472.28
Mini Mentos Rainbow 24,090.00 24,090.00 28,908.00 34,978.68 45,472.28
192,720.0 192,720.0 231,264.0
Nissin Cup Batchoy 279,829.44 363,778.27
0 0 0
Nissin Cup Beef 192,720.0 192,720.0 231,264.0 279,829.44 363,778.27
88
 0 0 0
Nissin Cup Spicy Sea
192,720.0 192,720.0 231,264.0
279,829.44 363,778.27
0 0 0
Food
192,720.0 192,720.0 231,264.0
Nissin Sea Food 279,829.44 363,778.27
0 0 0
Philipp Morris 72,270.00 72,270.00 86,724.00 104,936.04 136,416.85
Presto Choco 30,115.00 30,115.00 36,138.00 43,726.98 56,845.07
192,736.0 192,736.0 231,283.2
Purefoods Beef Loaf 279,852.67 363,808.47
0 0 0
Purefoods Chunkee
222,851.0 222,851.0 267,421.2
323,579.65 420,653.55
0 0 0
Corned Beef (150g)
Purefoods Corned Beef
307,173.0 307,173.0 368,607.6
446,015.20 579,819.75
0 0 0
(150g)
144,552.0 144,552.0 173,462.4
Purefoods Liver Spread 209,889.50 272,856.36
0 0 0
228,874.0 228,874.0 274,648.8
Purefoods Sisig (150g) 332,325.05 432,022.56
0 0 0
144,560.0 144,560.0 173,472.0
Quez-0 209,901.12 272,871.46
0 0 0
Rebisco Choco
30,115.00 30,115.00 36,138.00 43,726.98 56,845.07
Sandwich
San Marino Corned
126,483.0 126,483.0 151,779.6
183,653.32 238,749.31
0 0 0
Tuna (100g)
San Marino Tuna
108,414.0 108,414.0 130,096.8
157,417.13 204,642.27
0 0 0
Spread
Sky Flakes 30,115.00 30,115.00 36,138.00 43,726.98 56,845.07

Stick-0 7,227.00 7,227.00 8,672.40 10,493.60 13,641.69

Swif Vienna Sausage

162,621.0 162,621.0 195,145.2
236,125.69 306,963.40
0 0 0
(114g)
Swift Corned Beef
180,690.0 180,690.0 216,828.0
262,361.88 341,070.44
0 0 0
(175g)
614,346.0
The Bar 511,955.00 511,955.00 743,358.66 966,366.26
0
Voice Choco 30,115.00 30,115.00 36,138.00 43,726.98 56,845.07

89
Yakult Probiotcs 43,362.00 43,362.00 52,034.40 62,961.62 81,850.11

GROCERY (KITCHEN WARES AND TOILETRIES)

Baby wipes 15,183.00 15,183.00 18,219.60 22,045.72 28,659.43

Band aid 24,090.00 24,090.00 28,908.00 34,978.68 45,472.28

Baygon (100mL) 27,474.00 27,474.00 32,968.80 39,892.25 51,859.92

Baygon Katol 4,820.00 4,820.00 5,784.00 6,998.64 9,098.23

Bueno Match 9,636.00 9,636.00 11,563.20 13,991.47 18,188.91

Charmee (non-wings) 11,564.00 11,564.00 13,876.80 16,790.93 21,828.21

Clear 17,346.00 17,346.00 20,815.20 25,186.39 32,742.31

Colgate Toothbrush 14,460.00 14,460.00 17,352.00 20,995.92 27,294.70

Colgate Toothpaste
14,079.00 14,079.00 16,894.80 20,442.71 26,575.52
MCP (50mL)

Cotton Buds 28,910.00 28,910.00 34,692.00 41,977.32 54,570.52

Cream Silk 34,692.00 34,692.00 41,630.40 50,372.78 65,484.62

Efficascent Oil 21,690.00 21,690.00 26,028.00 31,493.88 40,942.04

EQ Diaper 13,005.00 13,005.00 15,606.00 18,883.26 24,548.24

Eskinol (75mL) 34,688.00 34,688.00 41,625.60 50,366.98 65,477.07

Gilette Razor 23,120.00 23,120.00 27,744.00 33,570.24 43,641.31

Green Cross Alcohol

11,568.00 11,568.00 13,881.60 16,796.74 21,835.76
(60mL)

Gridps Hair Waxx 5,784.00 5,784.00 6,940.80 8,398.37 10,917.88

Happy Cotton (12g) 8,670.00 8,670.00 10,404.00 12,588.84 16,365.49

Head and Shoulder

8,670.00 8,670.00 10,404.00 12,588.84 16,365.49
Menthol

90
Johnson baby lotion
13,357.00 13,357.00 16,028.40 19,394.36 25,212.67
milk
Johnson Baby Oil 11,568.00 11,568.00 13,881.60 16,796.74 21,835.76

Johnson Baby Powder

17,340.00 17,340.00 20,808.00 25,177.68 32,730.98
(25g)

Johnson Baby Regular

6,266.00 6,266.00 7,519.20 9,098.23 11,827.70
Soap (100g)

Kiwi 13,005.00 13,005.00 15,606.00 18,883.26 24,548.24

Lewis and Pearl 11,568.00 11,568.00 13,881.60 16,796.74 21,835.76

Modess 21,680.00 21,680.00 26,016.00 31,479.36 40,923.17

Palmolive Pink Natural

9,399.00 9,399.00 11,278.80 13,647.35 17,741.55
Soap (55g)

Palmolive Shampoo 21,680.00 21,680.00 26,016.00 31,479.36 40,923.17

Pampers 13,005.00 13,005.00 15,606.00 18,883.26 24,548.24

Ponds Antibacterial
12,288.00 12,288.00 14,745.60 17,842.18 23,194.83
Scrub
Rejoice Conditioner 8,670.00 8,670.00 10,404.00 12,588.84 16,365.49

Rexona (3mL) 69,376.00 69,376.00 83,251.20 100,733.95 130,954.14

Safeguard White (60g) 23,120.00 23,120.00 27,744.00 33,570.24 43,641.31

Safeguard White (90g) 17,352.00 17,352.00 20,822.40 25,195.10 32,753.64

Silka Papaya 57,824.00 57,824.00 69,388.80 83,960.45 109,148.58

Sunsilk 21,684.00 21,684.00 26,020.80 31,485.17 40,930.72

Vicks Vapor (5g) 15,183.00 15,183.00 18,219.60 22,045.72 28,659.43

Whisper Regular 19,270.00 19,270.00 23,124.00 27,980.04 36,374.05

Young Styling Gel 4,335.00 4,335.00 5,202.00 6,294.42 8,182.75

91
GROCERY (NON VENDABLE BEVERAGES)

Redhorse 92,512.00 92,512.00 111,014.40 134,327.42 174,625.65

Redhorse 1L 46,995.00 46,995.00 56,394.00 68,236.74 88,707.76

San Miguel Light 75,166.00 75,166.00 90,199.20 109,141.03 141,883.34

Mountain Dew Lemon

130,095.0 130,095.0
156,114.00 188,897.94 245,567.32
0 0
(1.5L)
130,095.0 130,095.0
Royal (1.5L) 156,114.00 188,897.94 245,567.32
0 0
130,095.0 130,095.0
Sprite(1.5L) 156,114.00 188,897.94 245,567.32
0 0
Zesto Apple 42,161.00 42,161.00 50,593.20 61,217.77 79,583.10

Zesto Orange 42,161.00 42,161.00 50,593.20 61,217.77 79,583.10

MICROWAVABLE READY-TO-EAT MEALS

361,350.0 361,350.0 433,620.0
Rice meals 524,680.20 682,084.26
0 0 0

92
H. Service Revenue

Table 30

Service Revenue

Of Snack Pro Vending

2017 2021

ITEMS 2017 2018 2019 2020 2021

Coffee
181,275.00 214,234.00 230,713.00 247,193.00 329,590.00
Vendo
Internet 181,275.00 214,234.00 230,713.00 247,193.00 329,590.00
Cellpho

ne
181,275.00 214,234.00 230,713.00 247,193.00 329,590.00
Chargin

g
Payphon
181,275.00 214,234.00 230,713.00 247,193.00 329,590.00
e
Regular
362,549.00 428,467.00 461,426.00 494,385.00 659,180.00
10
Regular
543,824.00 642,701.00 692,139.00 741,578.00 988,770.00
15
Regular 1,318,360.0
725,098.00 856,934.00 922,852.00 988,770.00
20 0
Regular 1,812,745.0 2,142,335.0 2,307,130.0 2,471,925.0 3,295,900.0

50 0 0 0 0 0
Regular 3,625,490.0 4,284,670.0 4,614,260.0 4,943,850.0 6,591,800.0

100 0 0 0 0 0
Regular 10,876,470. 12,854,010. 13,842,780. 14,831,550. 19,775,400.

300 00 00 00 00 00
Regular 18,127,450. 21,423,350. 23,071,300. 24,719,250. 32,959,000.

93
500 00 00 00 00 00
Slush 1,318,380.0
725,109.00 856,947.00 922,866.00 988,785.00
Machine 0
Ice

Cream 362,560.00 428,480.00 461,440.00 494,400.00 659,200.00

Machine

94
I. Cash Flows

Table 31

Consolidated Cash Flow Chart

Of Snack Pro Vending

2017 2021

2017 2018 2019 2020 2021

CASH INFLOW
10,000,000.0 12,492,767.3 24,579,152.3 22,814,933.4
Beginning Balance 29,482,241.15
0 3 1 5
37,886,393.0 44,774,828.0 48,219,045.0 51,663,263.0
Service Revenue 68,884,350.00
0 0 0 0
17,084,047.6
Sales Revenue 11,765,873.00 11,765,873.00 11,765,873.00 22,209,261.87
0
59,652,266.0 69,033,468.3 83,391,587.3 94,961,593.8 125,126,829.6

0 3 9 8 4
CASH OUTFLOW
Building (net) 1,375,000.00 --- --- --- ---
Equipment, F&F (net) 2,152,700.00 --- --- --- ---
System Database 85,000.00 --- --- --- ---
Land 2,420,000.00 --- --- --- ---

95
Accounts Payable --- 4,577,698.89 4,577,698.89 5,035,468.78 5,555,221.66
Maintenance Expense-System
--- 35,000.00 35,000.00 35,000.00 35,000.00
Database
Contingency Expense 328,587.42 383,694.90 416,347.89 450,326.70 599,201.57
22,731,835.8 28,931,427.0 30,997,957.8
Cost of Services 16,118,938.08 41,330,610.00
0 0 0
10,658,491.0
Drawings 4,515,980.98 8,699,285.50 11,560,034.53 15,745,648.43
2
Income Tax 4,863,364.13 5,855,288.32 6,376,874.97 6,916,259.98 9,420,473.42
Insurance Expense 500,000.00 575,000.00 661,250.00 760,437.50 874,503.13
Inventory 6,866,548.34 6,866,548.34 7,553,203.17 8,332,832.49 11,631,932.88
Pag-Ibig Contributions 9,600.00 9,600.00 9,600.00 9,600.00 9,600.00
Phil Health Contributions 9,600.00 9,600.00 9,600.00 9,600.00 9,600.00
Salaries Expense 801,486.00 801,486.00 801,486.00 801,486.00 801,486.00
SSS Contributions 47,196.00 47,196.00 47,196.00 47,196.00 47,196.00
Taxes and Licenses 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00
Utilities Expenses 447,600.00 469,980.00 493,479.00 518,152.95 544,060.60
47,159,498.6 44,454,316.0 60,576,653.9 65,479,352.7
86,609,533.70
7 3 4 3

12,492,767.3 24,579,152.3 22,814,933.4 29,482,241.1

CASH BALANCE 38,517,295.94
3 1 5 5

96
J. Partners Equity

Table 32

Partners Equity

Of Snack Pro Vending

2017 2021

2017 2018 2019 2020 2021

14,515,980.9 27,703,328.3 29,333,313.9 36,992,409.0
Partners, Equity (Beginning) 10,000,000.00
8 7 1 6
10,874,106.8 12,844,482.8 17,495,164.9
Add: Income 9,031,961.96 11,842,767.80
7 2 2
10,658,491.0 15,745,648.4
Deduct: Drawings: 4,515,980.98 8,699,285.50 11,560,034.53
2 3
27,703,328.3 29,333,313.9 36,992,409.0 47,890,873.4
Sub-total (Ending) 14,515,980.98
7 1 6 3

PARTNER'S EQUITY OF EACH

3,628,995.24 6,925,832.09 7,333,328.48 9,248,102.27 11,972,718.36
PARTNER

97
K. Income Statement

Table 33

Income Statement

Of Snack Pro Vending

2017 2021

2017 2018 2019 2020 2021

37,886,393.0 44,774,828.0 48,219,045.0 51,663,263.0 68,884,350.0

Service Revenue 0 0 0 0 0
22,731,835.8 26,864,896.8 28,931,427.0 30,997,957.8 41,330,610.0

Cost of Service 0 0 0 0 0
15,154,557.2 17,909,931.2 19,287,618.0 20,665,305.2 27,553,740.0

Gross Profit 0 0 0 0 0
17,084,047.6 22,209,261.8

Sales Revenue 11,765,873.00 11,765,873.00 14,119,047.60 0 7

10,491,059.1 10,491,059.1 12,589,271.0 15,233,017.9 19,802,923.2

Cost of Sales 7 7 0 1 9
Gross Profit 1,274,813.83 1,274,813.83 1,529,776.60 1,851,029.68 2,406,338.59
Total Gross Profit 16,429,371.0 19,184,745.0 20,817,394.6 22,516,334.8 29,960,078.5

98
 3 3 0 8 9
Less:
Operating Expenses --- --- --- --- ---
Maintenance Expense-System Database --- 35,000.00 35,000.00 35,000.00 35,000.00
Salaries Expense 801,486.00 801,486.00 801,486.00 801,486.00 801,486.00
Utilities Expenses 447,600.00 469,980.00 493,479.00 518,152.95 544,060.60
Phil Health Contributions 9,600.00 9,600.00 9,600.00 9,600.00 9,600.00
SSS Contributions 47,196.00 47,196.00 47,196.00 47,196.00 47,196.00
Pag-Ibig Contributions 9,600.00 9,600.00 9,600.00 9,600.00 9,600.00
Insurance Expense 500,000.00 575,000.00 661,250.00 760,437.50 874,503.13
Taxes and Licenses 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00
Depreciation Expense: Building 26,667.00 26,667.00 26,667.00 26,667.00 26,667.00
Depreciation Expense: Equipment, F&F 92,125.94 92,125.94 92,125.94 92,125.94 92,125.94
Contingency Expense 328,587.42 383,694.90 416,347.89 450,326.70 599,201.57
Total Operating (Pre-Operating) Expenses 2,534,044.94 2,455,349.84 2,597,751.83 2,755,592.09 3,044,440.24
13,895,326.0 16,729,395.1 18,219,642.7 19,760,742.7 26,915,638.3

Net Income Before Tax 9 9 6 9 4

Income Tax (35%) 4,863,364.13 5,855,288.32 6,376,874.97 6,916,259.98 9,420,473.42
10,874,106.8 12,844,482.8 17,495,164.9

Net Income After Tax 9,031,961.96 7 11,842,767.80 2 2

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L. Balance Sheet

Table 34

Balance Sheet

Of Snack Pro Vending

2017 2021

PRE-

OPERATING 2017 2018 2019 2020 2021

CURRENT ASSETS
38,517,295.9

Cash 4,052,300.00 12,492,767.33 24,579,152.31 22,814,933.45 29,482,241.15 4

Inventory 953,634.92 1,906,760.84 1,906,744.11 521,311.16 104,957.44
System Database 85,000.00 85,000.00 85,000.00 85,000.00 85,000.00
50,165,961.6

Total Currect Assets 4,052,300.00 13,264,772.79 26,570,913.15 29,463,610.38 37,622,939.64 6

PROPERTY AND EQUIPMENT

Land 2,420,000.00 2,420,000.00 2,420,000.00 2,420,000.00 2,420,000.00 2,420,000.00
Building (net) 1,375,000.00 1,348,333.00 1,321,666.00 1,294,999.00 1,268,332.00 1,241,665.00
Equipment, F&F (net) 2,152,700.00 2,060,574.06 1,968,448.12 1,876,322.18 1,784,196.24 1,692,070.30
Total Non-Current Asset 5,947,700.00 5,828,907.06 5,710,114.12 5,591,321.18 5,472,528.24 5,353,735.30
TOTAL ASSETS 10,000,000.00 19,093,679.85 32,281,027.27 35,054,931.56 43,095,467.88 55,519,696.9

100
 6

LIABILITIES AND PARTNERS' EQUITY

Accounts Payable - 4,577,698.89 4,577,698.89 7,553,203.17 5,555,221.66 7,754,621.92
TOTAL LIABILITIES - 4,577,698.89 4,577,698.89 7,553,203.17 5,555,221.66 7,754,621.92

PARTNER'S EQUITY
Magdua, Equity 2,500,000.00 3,628,995.24 6,925,832.09 7,333,328.48 9,248,102.26 11,972,718.36
Maquilan, Equity 2,500,000.00 3,628,995.24 6,925,832.09 7,333,328.48 9,248,102.26 11,972,718.36
Mendoza, Equity 2,500,000.00 3,628,995.24 6,925,832.09 7,333,328.48 9,248,102.26 11,972,718.36
Rama, Equity 2,500,000.00 3,628,995.24 6,925,832.09 7,333,328.48 9,248,102.26 11,972,718.36
47,890,873.4

Total Partners' Equity 10,000,000.00 14,515,980.96 27,703,328.37 29,333,313.91 36,992,409.06 3

TOTAL LIABILITIES and 55,519,696.9

PARTNERS' EQUITY 10,000,000.00 19,093,679.85 32,281,027.27 35,054,931.56 43,095,467.88 6

101
M. Financial Analysis

Table 35

Comparative Return on Equity

Of Snack Pro Vending

2017 2021

YEAR NET PROFIT TOTAL EQUITY ROE

2017 9,031,961.96 14,515,980.96 62%
2018 10,874,106.87 27,703,328.37 39%
2019 11,842,767.80 35,054,931.56 34%
2020 12,844,482.82 43,095,467.88 30%
2021 17,495,164.92 55,519,696.96 32%

Another test of profitability will be the Return on Equity (ROE) which measures the

amount of income being added to the total equity, or how much of the total equity comes from

the profit generated from the business operation. As stated above, we will also present a five-year

comparative ROE. Based on the table, in the first year, the ROE will be at 62%, which means

that out of the Php 14,515,980.96 equity, one-third of it can be attributed from the profit

generated from the operation. It can be observed that as the years pass by, there will be slight

decline. These decline can be attributed to the tax deductions.

102
 Table 36

Comparative Return on Assets

Of Snack Pro Vending

2017 2021

YEAR NET PROFIT TOTAL ASSETS ROA

2017 9,031,961.96 19,093,679.85 47%
2018 10,874,106.87 26,570,913.15 41%
2019 11,842,767.80 29,463,610.38 40%
2020 12,844,482.82 37,622,939.64 34%
2021 17,495,164.92 50,165,961.66 35%

Another profitability test will be the ROI computed as: Net Income/Total Assets. This

will measure as to how much profit is being generated with the use of the total assets by the

business entity. For this business proposal, the ROE and ROI will be the same because there the

business has no liability. But, another table will be presented to avoid confusions. The business

operation is getting much from utilizing the resources that they have. For the first year (2017),

the ROI is at 62%, which means that after the company has used all its assets, the income or

profit that can be generated will be a third of the total asset. A very favorable result of asset

utilization, but as observed there will be decline in the next years because the assets )especially

the current assets are just idle that is the reason that the proponents highly agreed that once they

will be able to recover their respective investments, they will implement the expansion they have

planned.

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 Table 37

Comparative Net Profit Rate

Of Snack Pro Vending

2017 2021

YEAR NET PROFIT TOTAL SALES PROFIT RATE

2017 9,031,961.96 11,765,873.00 77%
2018 10,874,106.87 11,765,873.00 92%
2019 11,842,767.80 14,119,047.60 84%
2020 12,844,482.82 17,084,047.60 75%
2021 17,495,164.92 22,209,261.87 79%

The proponents will also be interested in determining the payback period. This is the

period by which the partners will be able to recover what they have invested. The equation for

this will be: payback period= total investment/net income. It can be observed that the proponents

can recover their investment of Php 6,000,000.00 with three years. But in reality on the first year,

the partners will be able to recover their money invested in the business. It is in increasing trend

because, they funds are not fully utilized. In order to have a downward movement, the

proponents need to invest the liquid cash on expansion.

104