8/10/2019 Travel Agency Final With Financial Ratio)
1/39
Schedule 1
Historical Demand
Year Population Market Acceptability Rate Frequency of Availing Annually
2010 919169 34% 1
2011 934795 34% 1
2012 950686 34% 1
2013 966848 34% 12014 983284 34% 1
Projected Demand
Year Population A Yi-1
2015 919169 5450 334317
2016 934795 5450 339767
2017 950686 5450 345217
2018 966848 5450 350667
2019 983284 5450 356117
8/10/2019 Travel Agency Final With Financial Ratio)
2/39
Annual Demand
312517
317830
323233
328728334317
Yc
339767
345217
350667
356117
361567
8/10/2019 Travel Agency Final With Financial Ratio)
3/39
Schedule 2
Historical Supply
Year Demand Supply Situation Rate Annual Supply
2010 312517 92% 287516
2011 317830 92% 292404
2012 323233 92% 2973752013 328728 92% 302430
2014 334317 92% 307571
Projected Supply
Year Demand Supply Situation Rate Annual Supply
2015 339767 92% 312585
2016 345217 92% 317599
2017 350667 92% 322613
2018 356117 92% 327627
2019 361567 92% 332641
8/10/2019 Travel Agency Final With Financial Ratio)
4/39
Schedule 3
Assumptions: Market Share Increase 10.00%
Year Demand Gap Target Market Share Percentage
2015 27181 7%2016 27617 7.70%
2017 28053 8.47%
2018 28489 9.32%
2019 28925 10.25%
Schedule 4
2015 Annual Market Share Base
Domestic 1903 Annual Market Share
International 1903 Annual Market Share
Passport Processing
a. Rush 731 International Tickets
b. Regular 731 International Tickets
Visa 1218 International Tickets
2016 Annual Market Share Base
Domestic 2127 Annual Market Share
International 2127 Annual Market Share
Passport Processing
a. Rush 817 International Tickets
b. Regular 817 International Tickets
Visa 1361 International Tickets
2017 Annual Market Share Base
Domestic 2376 Annual Market Share
International 2376 Annual Market Share
Passport Processing
a. Rush 912 International Tickets
b. Regular 912 International Tickets
Visa 1521 International Tickets
2018 Annual Market Share Base
Domestic 2654 Annual Market Share
International 2654 Annual Market Share
Passport Processing
a. Rush 1019 International Tickets
b. Regular 1019 International Tickets
Visa 1699 International Tickets
2019 Annual Market Share Base
Domestic 2964 Annual Market Share
Demand-Supply Gap
8/10/2019 Travel Agency Final With Financial Ratio)
5/39
International 2964 Annual Market Share
Passport Processing
a. Rush 1138 International Tickets
b. Regular 1138 International Tickets
Visa 1897 International Tickets
8/10/2019 Travel Agency Final With Financial Ratio)
6/39
Target Annual Market Share
19032127
2376
2654
2964
Percentage Number of Clients
36% 685
64% 1218
35% 256
65% 475
15% 183
Percentage Number of Clients
36% 766
64% 1361
35% 286
65% 531
15% 204
Percentage Number of Clients
36% 855
64% 1521
35% 319
65% 593
15% 228
Percentage Number of Clients
36% 956
64% 1699
35% 357
65% 663
15% 255
Percentage Number of Clients
36% 1067
8/10/2019 Travel Agency Final With Financial Ratio)
7/39
64% 1897
35% 398
65% 740
15% 285
8/10/2019 Travel Agency Final With Financial Ratio)
8/39
Schedule 5.1 2015 2016 2017 2018
Commission per Ticket 300 300 300 300
Number of Clients 685 766 855 956
Total Income - Domestic 205491 229666 256621 286670
Commission per Ticket 800 800 800 800
Number of Clients 1218 1361 1521 1699
Total Income - International 974179 1088785 1216572 1359027
Schedule 5.2 2015 2016 2017 2018
Service Fee 500 500 500 500
Number of Clients-Rush 256 286 319 357
Total Income - Passport Pro 127861 142903 159675 178372
Service Fee 300 300 300 300
Number of Clients-Regular 475 531 593 663
Total Income - Passport Pro 142474 159235 177924 198758
Service Fee 500 500 500 500
Number of Clients 183 204 228 255
Total Income - Visa Assistan 91329 102074 114054 127409
Schedule 5.3 2015 2016 2017 2018Total Commission Income 1179669 1318451 1473192 1645697
Total Service Income 361664 404212 451652 504539
Total Income 1541333 1722663 1924845 2150236
Commission Income
Service Income
8/10/2019 Travel Agency Final With Financial Ratio)
9/39
2019
300
1067
320163
800
1897
1517809
2019
500
398
199212
300
740
221979
500
285
142295
20191837971
563486
2401458
8/10/2019 Travel Agency Final With Financial Ratio)
10/39
8/10/2019 Travel Agency Final With Financial Ratio)
11/39
6000 6000 6000
21600 21600 21600
648483 648483 648483
Schedule 6.1 2015 2016 2017
648483 648483 64848324415 24415 24415
9300 9300 9300
4800 4800 4800
90602 90602 90602
777600 777600 777600
62000 62000 62000
839600 839600 839600
Schedule 6.2 2015 2016 2017
0 0 0
710483 710483 710483
710483 710483 710483
0 0 0
Schedule 6.3 2015 2016 2017
SSS Contribution Payable, beg 0 24415 24415
Increase in Contribution Payable 24415 24415 24415
Cash Paid 0 24415 24415
SSS Contribution Payable, end 24415 24415 24415
Schedule 6.4 2015 2016 2017PhilHealth Contribution Payable, b 0 9300 9300
Increase in Contribution Payable 9300 9300 9300
Cash Paid 0 9300 9300
PhilHealth Contribution Payable, e 9300 9300 9300
Schedule 6.5 2015 2016 2017
Pag-IBIG Contribution Payable, be 0 4800 4800
Increase in Contribution Payable 4800 4800 4800
Cash Paid 0 4800 4800
Pag-IBIG Contribution Payable, en 4800 4800 4800
Schedule 6.6 2015 2016 2017
Withholding Tax Payable, beg 0 90602 90602
Increase in Contribution Payable 90602 90602 90602
Cash Paid 0 90602 90602
Withholding Tax Payable, end 90602 90602 90602
Salary Expense
Electrical Technician
Janitor
Total
Net Cash PaySSS Contribution
PhilHealth Contribution
Pag-IBIG Contribution
Withholding Tax
13th Month Pay
Total Salary Expense
Salaries Payable, end
Cash Paid
Net Cash Pay
Salaries Payable, beg
8/10/2019 Travel Agency Final With Financial Ratio)
12/39
TOTAL ER EE TOTAL ER EE
1790 250 250 500 100 100
1790 225 225 450 100 1001330 150 150 300 100 100
1330 150 150 300 100 100
6240 525 525 1550 400 400
TOTAL ER EE TOTAL ER EE
21480 3000 3000 6000 1200 1200
21480 2700 2700 5400 1200 1200
15960 1800 1800 3600 1200 1200
15960 1800 1800 3600 1200 1200
74880 9300 9300 18600 4800 4800
PAG-IBIG
EE
100 2917 3848 16152
100 2417 3323 14677
100 1108 1794 10206100 1108 1794 10206
400 7550 10760 51240
PAG-IBIG
EE
1200 35001 46177 193823
1200 29001 39877 176123
1200 13300 21532 122468
1200 13300 21532 122468
4800 90602 129117 614883
2018 2019
193823 193823
176123 176123
122468 122468
122468 122468
6000 6000
PHILHEALTH PAG-IBIG
PHILHEALTH PAG-IBIG
WITHHOLDING
TAX
TOTAL
DEDUCTIONS NET PAYABLE
NET PAYABLE
WITHHOLDING
TAX
TOTAL
DEDUCTIONS
8/10/2019 Travel Agency Final With Financial Ratio)
13/39
6000 6000
21600 21600
648483 648483
2018 2019
648483 64848324415 24415
9300 9300
4800 4800
90602 90602
777600 777600
62000 62000
839600 839600
2018 2019
0 0
710483 710483
710483 710483
0 0
2018 2019
24415 24415
24415 24415
24415 24415
24415 24415
2018 20199300 9300
9300 9300
9300 9300
9300 9300
2018 2019
4800 4800
4800 4800
4800 4800
4800 4800
2018 2019
90602 90602
90602 90602
90602 90602
90602 90602
8/10/2019 Travel Agency Final With Financial Ratio)
14/39
TOTAL
200 2917
200 2417200 1108
200 1108
800 7550
TOTAL
2400 35001
2400 29001
2400 13300
2400 13300
9600 90602
WITHHOLDING
TAX
WITHHOLDING
TAX
8/10/2019 Travel Agency Final With Financial Ratio)
15/39
Schedule 7 Monthly Rental Number of Months 2015 2016 2017 2018
Rent Payable, beg 0 0 0 0
Rent Expense 38800 12 465600 465600 465600 465600
Rent Paid 465600 465600 465600 465600
Rent Payable, end 0 0 0 0
Schedule 8 Monthly Rental Number of Months 2015 2016 2017 2018
Advances to Lessor 38800 2 77600 77600 77600 77600
8/10/2019 Travel Agency Final With Financial Ratio)
16/39
2019
0
465600
465600
0
2019
77600
8/10/2019 Travel Agency Final With Financial Ratio)
17/39
Schedule 9.1
Quantity Cost Total Cost Total Salvage Value
Computer 4 19000 76000 7600
Computer Software 1 50000 50000 5000
Printer 1 6800 6800 680
Fax Machine 1 11800 11800 1180
Television 1 33000 33000 3300Air Conditioner 3 8000 24000 2400
Water Dispenser 1 5000 5000 500
Total Equipment 206600 20660
Schedule 9.2
Quantity Cost Total Cost Total Salvage Value
Cash Vault 1 5000 5000 500
Office Table 2 5100 10200 1020
Clerical Chair 3 1600 4800 480
Customer's Chair 2 1100 2200 220
Couch 2 12900 25800 2580
Shelf 2 11200 22400 2240
Reservation Counter 1 10000 10000 1000
Center Table 1 13400 13400 1340
Table 1 24600 24600 2460
Total Furniture and Fixtures 118400 11840
Schedule 9.3
Quantity Cost Total Cost Total Salvage Value
Total Leasehold Improvements 430000 0
Schedule 9.4
Quantity Cost Total Cost Total Salvage Value
Total 755000 32500
8/10/2019 Travel Agency Final With Financial Ratio)
18/39
Esimated Years 2015 2016 2017 2018 2019 2015 2016
5 13680 13680 13680 13680 13680 62320 48640
5 9000 9000 9000 9000 9000 41000 32000
5 1224 1224 1224 1224 1224 5576 4352
5 2124 2124 2124 2124 2124 9676 7552
5 5940 5940 5940 5940 5940 27060 211205 4320 4320 4320 4320 4320 19680 15360
5 900 900 900 900 900 4100 3200
37188 37188 37188 37188 37188 169412 132224
Esimated Years 2015 2016 2017 2018 2019 2015 2016
5 900 900 900 900 900 4100 3200
5 1836 1836 1836 1836 1836 8364 6528
5 864 864 864 864 864 3936 3072
5 396 396 396 396 396 1804 1408
5 4644 4644 4644 4644 4644 21156 16512
5 4032 4032 4032 4032 4032 18368 14336
5 1800 1800 1800 1800 1800 8200 6400
5 2412 2412 2412 2412 2412 10988 8576
5 4428 4428 4428 4428 4428 20172 15744
21312 21312 21312 21312 21312 97088 75776
Esimated Years 2015 2016 2017 2018 2019 2015 2016
10 86000 86000 86000 86000 86000 344000 258000
Esimated Years 2015 2016 2017 2018 2019 2015 2016
10 144500 144500 144500 144500 144500 610500 466000
Depreciation C
Depreciation C
Depreciation C
Depreciation C
8/10/2019 Travel Agency Final With Financial Ratio)
19/39
2017 2018 2019 2015 2016 2017 2018 2019
34960 21280 7600 13680 27360 41040 54720 68400
23000 14000 5000 9000 18000 27000 36000 45000
3128 1904 680 1224 2448 3672 4896 6120
5428 3304 1180 2124 4248 6372 8496 10620
15180 9240 3300 5940 11880 17820 23760 2970011040 6720 2400 4320 8640 12960 17280 21600
2300 1400 500 900 1800 2700 3600 4500
95036 57848 20660 37188 74376 111564 148752 185940
2017 2018 2019 2015 2016 2017 2018 2019
2300 1400 500 900 1800 2700 3600 4500
4692 2856 1020 1836 3672 5508 7344 9180
2208 1344 480 864 1728 2592 3456 4320
1012 616 220 396 792 1188 1584 1980
11868 7224 2580 4644 9288 13932 18576 23220
10304 6272 2240 4032 8064 12096 16128 20160
4600 2800 1000 1800 3600 5400 7200 9000
6164 3752 1340 2412 4824 7236 9648 12060
11316 6888 2460 4428 8856 13284 17712 22140
54464 33152 11840 21312 42624 63936 85248 106560
2017 2018 2019 2015 2016 2017 2018 2019
172000 86000 0 86000 172000 258000 344000 430000
2017 2018 2019 2015 2016 2017 2018 2019
321500 177000 32500 144500 289000 433500 578000 722500
rrying Value Accumulated Depreciation
rrying Value Accumulated Depreciation
rrying Value Accumulated Depreciation
rrying Value Accumulated Depreciation
8/10/2019 Travel Agency Final With Financial Ratio)
20/39
Schedule 10.1 Unit Price Quantity Total Cost
Ballpen 40 5 200
Bond Paper (short) 149 5 745
Carbon Paper 12 3 36
Cash Register Tape 20 40 800
Clipboard 75 2 150Columnar notebook 34 6 204
Correction Fluid 35 5 175
Cutter 27.75 5 138.75
Expandable Folder 15 10 150
Fastener 22.5 1 22.5
Fire Extinguisher 1500 2 3000
Folder (short) 3 15 45
Glue 20 3 60
Highlighter 24 5 120
Masking Tape 30 5 150
Paper Clip (33mm) 6.75 2 13.5
Pay Slip Envelope 13.25 1 13.25
Pencil 20.75 5 103.75
Permanent Marker 19 5 95
Printers Ink (black) 390 5 1950
Printers Ink (colored) 390 5 1950
Puncher 89 2 178
Record Book 60 2 120
Rubber Band 166 2 332
Ruler (12) 14 2 28
Scissors 18 2 36Scotch Tape 21 5 105
Sharpener 14.7 2 29.4
Stamping Dater 74.75 1 74.75
Stamp Pad Ink 27 5 135
Stapler 57.75 3 173.25
Staple Wires (#35) 23 10 230
Time Card 74 2 148
White Board (2X3ft.) 825 1 825
White Board Marker 23.75 5 118.75
White Board Eraser 12.5 2 25
TOTAL 12680
8/10/2019 Travel Agency Final With Financial Ratio)
21/39
Schedule 10.2 2015 2016 2017 2018
Office Supplies, beg 0 634 589 598
Purchases 12680 11150 11373 11600
Office Supplies, end 634 589 598 610
Office Supplies Expense 12046 11195 11364 11589
8/10/2019 Travel Agency Final With Financial Ratio)
22/39
2019
610
11832
622
11820
8/10/2019 Travel Agency Final With Financial Ratio)
23/39
Schedule 11.1 Quantity Wattage (kW) Hours Rate per kW/h
Computer 4 0.049 8 5.190
Printer 1 0.480 8 5.190
Fax Machine 1 0.250 8 5.190
Television 1 0.322 8 5.190
Air Conditioner 3 1.440 8 5.190
Water Dispenser 1 0.090 8 5.190LED Light Builb 6 0.020 8 5.190
Total Electricity Expense
Schedule 11.2 m3/Month Minimum Charge Monthly Cost Annual Cost
Water Less than 10m3 189 189 2272
Schedule 11.3 Quantity/Month Price Monthly Cost Annual Cost
Drinking Water 10 35 350 4200
Schedule 11.4 Quantity/Month Price Monthly Cost Annual Cost
PLDT Subscription Plan 1 1899 1899 22788
Postpaid - Smart 1 599 599 7188
Postpaid - Globe 1 599 599 7188
Schedule 11.5 2015 2016 2017 2018
Electricity 62375 63622 64895 66192
Water 2272 2295 2318 2341
Drinking Water 4200 4200 4200 4200
PLDT Subsription Plan 22788 22788 22788 22788
Postpaid - Smart 7188 7188 7188 7188
Postpaid - Globe 7188 7188 7188 7188
Total Utilities Expense 106011 107281 108576 109897
Schedule 11.5 2015 2016 2017 2018
Utilities Payable, beg 0 0 0 0
Total Utilities Expense 106011 107281 108576 109897
Total Utilities Paid 106011 107281 108576 109897
Utilities Payable, end 0 0 0 0
8/10/2019 Travel Agency Final With Financial Ratio)
24/39
Daily Cost Days of Operation Annual Cost
8.138 260 2116
19.930 260 5182
10.380 260 2699
13.369 260 3476
179.366 260 46635
3.737 260 9724.982 260 1295
239.903 62375
2019
67516
2364
4200
22788
7188
7188
111245
2019
0
111245
111245
0
8/10/2019 Travel Agency Final With Financial Ratio)
25/39
Schedule 12.1 Quantity Cost Total Cost
Promotional Posters 18x24 20 50 1000
Tarpaulin 30 sq. ft. 10 900 9000
Leaflets 3x8 5000 2 10000
Foldable fans 2000 10 20000
Calling Cards 5000 1 5000
Total 45000
8/10/2019 Travel Agency Final With Financial Ratio)
26/39
Schedule 12.2 2015 2016 2017 2018 2019
Advertising Payable, beg 0 0
Advertising Expense 45000 45900 46818 47754 48709
Cash Paid 45000 45900 46818 47754 48709
Advertising Payable, end 0 0 0 0 0
8/10/2019 Travel Agency Final With Financial Ratio)
27/39
Schedule 13.1
Procedures to Register Business Cost
1.Register the company with the Securities and Exchange Commission (SEC) 2400
2. Notarize articles of co-partnership and treasurer's affidavit at the notary 500
3. Register the company with the BIR and receive pre-registered Taxpayer
Identification Number (TIN) from the BIR 500
4. Obtain barangay clearance 2505. Pay the annual community tax and obtain the community tax certificate (CTC) from
the City Treasurer's Office (CTO) 500
6. Obtain the business permit to operate from the BPLO 5400
7. Buy special books of account at bookstore 400
8. Apply for Certificate of Registration (COR) and TIN at the Bureau of Internal Revenue
(BIR) 115
9. Pay the registration fee and documentary stamp taxes (DST) at the AAB 5700
10. Obtain the authority to print receipts and invoices from the BIR No charge
11. Print receipts and invoices at BIR 3500
12. Have books of accounts and Printers Certificate of Delivery (PCD) stamped by the
BIR No charge
13. Register with the Social Security System (SSS) No charge
14. Register with the Philippine Health Insurance Company (PhilHealth) No charge
15. Register with Home Development Mutual Fund (Pag-ibig) No charge
Total Registration Cost 19265
Yearly Accreditation Fee 1100
Total Permit and Licences 20365
Schedule 13.2 2015
Permit and Licences Payable, beg 0
Permit and Licences Fee 20365Cash Paid 20365
Permit and Licences Payable, end 0
8/10/2019 Travel Agency Final With Financial Ratio)
28/39
2016 2017 2018 2019
0 0 0 0
1100 1100 1100 11001100 1100 1100 1100
0 0 0 0
8/10/2019 Travel Agency Final With Financial Ratio)
29/39
Schedule 14 2015 2016 2017 2018 2019
Miscellaneous Payable, beg 0 0 0 0 0
Hiring and Training 5000 0 0 0 0
Transportation 50000 50000 50000 50000 50000
Repairs and Maintenance 15000 15000 15000 15000 15000
Total Miscellaneous Expense 70000 65000 65000 65000 65000
Cash Paid 70000 65000 65000 65000 65000Miscellaneous Payable, end 0 0 0 0 0
8/10/2019 Travel Agency Final With Financial Ratio)
30/39
Schedule 15 2015 2016 2017 2018 2019
Note Payable, beg 0 500000 500000 500000 500000
Notes Issued 500000 0 0 0 0
Notes Paid 0 0 0 0 0
Note Payable, end 500000 500000 500000 500000 500000
Schedule 16 2015 2016 2017 2018 2019
Interest Payable, beg 0 0 0 0 0
Interest Expense 60000 60000 60000 60000 60000
Interest Paid 60000 60000 60000 60000 60000
Interest Payable, end 0 0 0 0 0
Schedule 18 2015 2016 2017 2018 2019
Income Tax Payable (Benefit), beg 0 -88715 -95721 -22806 116466
Income Tax Expense -88715 -7005 72914 162078 261553
Income Tax Paid 0 0 0 22806 116466
Income Tax Payable (Benefit), end -88715 -95721 -22806 116466 261553
8/10/2019 Travel Agency Final With Financial Ratio)
31/39
Schedule 17.1 2015 2016 2017 2018 2019
Gross Receipts
Commission Income 1179669 1318451 1473192 1645697 1837971
Service Income 361664 404212 451652 504539 563486
Total Receipts subject to VAT 1541333 1722663 1924845 2150236 2401458
Rate 1/9 1/9 1/9 1/9 1/9Total Output VAT 165143 184571 206233 230382 257299
Schedule 17.2 2015 2016 2017 2018 2019
Gross Payments
Payment for Capital Assets 755000 0 0 0 0
Rent Paid 543200 465600 465600 465600 465600
Office Supplies 12680 11150 11373 11600 11832
Utilities 106011 107281 108576 109897 111245
Advertising 45000 45900 46818 47754 48709
Miscellaneous 70000 65000 65000 65000 65000
Total Payments subject to VAT 1531891 694931 697367 699852 702387
Rate 1/9 1/9 1/9 1/9 1/9
Total Input Taxes 164131 74457 74718 74984 75256
Schedule 17.3 2015 2016 2017 2018 2019
VAT Payable, beg 0 1012 111126 242641 398040
Output VAT 165143 184571 206233 230382 257299
Input VAT 164131 74457 74718 74984 75256
VAT Payable 1012 111126 242641 398040 580083
VAT Paid 1012 111126 242641 398040 580083
VAT Payable, end 0 0 0 0 0
8/10/2019 Travel Agency Final With Financial Ratio)
32/39
Schedule 2015 2016 2017
Commission Income 5.1 1179669 1318451 1473192
Service Income 5.2 361664 404212 451652Total Income 5.3 1541333 1722663 1924845
Operating Expenses
Salary Expense 6.1 839600 839600 839600
Rent Expense 7 465600 465600 465600
Depreciation Expense 9.4 144500 144500 144500
Office Supplies Expense 10.2 12046 11195 11364
Utilities Expense 11.5 106011 107281 108576
Advertising Expense 12.2 45000 45900 46818
Permit and Licenses 13.2 20,365 1,100 1,100
Miscellaneous Expense 14 70000 65000 65000
Interest Expense 16 60000 60000 60000
Net Income -221788 -17513 182286
Income Tax Expense (Benefit) 17 -88715 -7005 72914
Net Income after Taxes -133073 -10508 109372
Comparative Statement of Comprehensive Income
SAFE AND SOUND TRAVEL AGENCY
For Years Ended 2015, 2016, 2017, 2018
8/10/2019 Travel Agency Final With Financial Ratio)
33/39
2018 2019
1645697 1837971
504539 5634862150236 2401458
839600 839600
465600 465600
144500 144500
11589 11820
109897 111245
47754 48709
1,100 1,100
65000 65000
60000 60000
405196 653883
162078 261553
243117 392330
8/10/2019 Travel Agency Final With Financial Ratio)
34/39
Abariso, Capital Cruz, Capital Dalangin, Capital
Capital, 01/01/15 200000 200000 200000
Net Income, 2015 -22179 -22179 -22179Capital, 01/01/16 177821 177821 177821
Net Income, 2016 -1751 -1751 -1751
Capital, 01/01/17 176070 176070 176070
Net Income, 2017 18229 18229 18229
Capital, 01/01/18 194298 194298 194298
Net Income, 2018 40520 40520 40520
Capital, 01/01/19 234818 234818 234818
Net Income, 2019 65388 65388 65388
Capital, 31/12/19 300206 300206 300206
Comparative Statement
SAFE AND SOU
For Years Ended
8/10/2019 Travel Agency Final With Financial Ratio)
35/39
Espiritu, Capital Fernandez, Capital Mateo, Capital Total
200000 200000 200000 1200000
-22179 -22179 -22179 -133073177821 177821 177821 1066927
-1751 -1751 -1751 -10508
176070 176070 176070 1056419
18229 18229 18229 109372
194298 194298 194298 1165791
40520 40520 40520 243117
234818 234818 234818 1408908
65388 65388 65388 392330
300206 300206 300206 1801238
of Changes in Owner's Equity
ND TRAVEL AGENCY
015, 2016, 2017, 2018
8/10/2019 Travel Agency Final With Financial Ratio)
36/39
Schedule 2015 2016 2017
Current AssetsCash CF 918595 1045627 1372404
Office Supplies 10.2 634 589 598
Total Current Assets 919229 1046216 1373002
Noncurrent Assets
Advances to Lessor 8.0 77600 77600 77600
Equipment, net 9.1 169412 132224 95036
Furniture and Fixtures, net 9.2 97088 75776 54464
Leasehold Improvements, net 9.3 344000 258000 172000
Income Tax Benefit 17 88715 95721 22806
Total Noncurrent Assets 776815 639321 421906
1696044 1685536 1794908
Current Liabilities
SSS Contribution Payable 6.3 24415 24415 24415
PhilHealth Contribution Payable 6.4 9300 9300 9300
Pag-IBIG Contribution Payable 6.5 4800 4800 4800
Withholding Tax Payable 6.6 90602 90602 90602
Income Tax Payable 18 0 0 0
Total Current Liabilities 129117 129117 129117
Noncurrent LiabilitiesNotes Payable 15 500000 500000 500000
758234 758234 758234
Abariso, Capital 177821 176070 194298
Cruz, Capital 177821 176070 194298
Dalangin, Capital 177821 176070 194298
Espiritu, Capital 177821 176070 194298
Fernandez, Capital 177821 176070 194298
Mateo, Capital 177821 176070 194298
Total Shareholer's Equity 1066927 1056419 1165791
1825161 1814653 1924025
Check -129117 -129117 -129117
Shareholder's Equity
Total Liabilities and Shareholder's Equity
Total Liabilities
Total Assets
SAFE AND SOUND TRAVEL AGENCY
For Years Ended 2015, 2016, 2017, 2018
Assets
Comparative Statement of Financial Position
Liabilities
8/10/2019 Travel Agency Final With Financial Ratio)
37/39
2018 2019
1899282 2581187
610 622
1899891 2581809
77600 77600
57848 20660
33152 11840
86000 0
0 0
254600 110100
2154491 2691909
24415 24415
9300 9300
4800 4800
90602 90602
116466 261553
245583 390670
500000 500000
991166 1281341
234818 300206
234818 300206
234818 300206
234818 300206
234818 300206
234818 300206
1408908 1801238
2400075 3082579
-245583 -390670
8/10/2019 Travel Agency Final With Financial Ratio)
38/39
2015 2016 2017 2018 2019
Cash flow from Operating Activities
Gross Receipts 1541333 1722663 1924845 2150236 2401458Salary Paid 710483 710483 710483 710483 710483
Rent Paid 465600 465600 465600 465600 465600
Office Supplies Paid 12680 11150 11373 11600 11832
Utilities Paid 106011 107281 108576 109897 111245
Advertising Paid 45000 45900 46818 47754 48709
Permit and Licences Paid 20365 1100 1100 1100 1100
Miscellaneous Paid 70000 65000 65000 65000 65000
Advances to Lessor 77600 0 0 0 0
SSS Contribution Paid 0 24415 24415 24415 24415
PhilHealth Contribution Paid 0 9300 9300 9300 9300
Pag-IBIG Contribution Paid 0 4800 4800 4800 4800
Withholding Tax Paid 0 90602 90602 90602 90602
Income Tax Paid 0 0 0 22806 116466
Cash flow from Investing Activities
Purchase of Equipment 206600 0 0 0 0
Purchase of Furniture and Fixtures 118400 0 0 0 0
Purchase of Leasehold Improvements 430000 0 0 0 0
Cash Flow from Financing Activities
Original Investment 1200000 0 0 0 0Issuance of Notes payable 500000 0 0 0 0
Interest Paid 60000 60000 60000 60000 60000
Net Cash Flow 918595 127032 326777 526878 681905
Cash Balance, beg 0 918595 1045627 1372404 1899282
Cash Balance, end 918595 1045627 1372404 1899282 2581187
Comparative Statement of Cash Flows
SAFE AND SOUND TRAVEL AGENCY
For Years Ended 2015, 2016, 2017, 2018
8/10/2019 Travel Agency Final With Financial Ratio)
39/39
Financial Evaluation Measures
2015 2016 2017 2018 2019
Liquidity Ratio
A.Working Capital= Cu 790111.68 917098.60 1243884.70 1654308.27 2191138.22
B. Current Asset Ratio 7.12 8.10 10.63 7.74 6.61
C. Acid Test Ratio=Qui 7.11 8.10 10.63 7.73 6.61
Profitability Ratio
A. Net Profit Margin = -9% -1% 6% 11% 16%
B. Return on Investme -12% -1% 9% 17% 22%
C. Return on Asset = N -8% -1% 6% 11% 15%
Asset Management Ratio
Total Assets Turnover 0.91 1.02 1.07 1.00 0.89
Debt Management Ratio
A. Debt Ratio = Total Li 0.45 0.45 0.42 0.46 0.48
B. Debt/ Equity Ratio = 0.71 0.72 0.65 0.70 0.71
Capital Budgeting Evaluation Measures
Payback Period: Year Remainin Cash Flows
1 1015645 918595
2 97050 127032
Payback Period: 1.76 years
Net Present Value: Required Rat 15%
Year Cash Flows
1 918595
2 127032
3 326777
4 526878
5 681905
NPV= 734320.03
Profitability Index: 1.72
Top Related