Beg Balance Transaction for the Year

Dr Cr Dr
Cash and Cash Equivalent 312,546.00 13,250,670.00
Accounts Receivables 56,000.00
Inventories 156,850.00 75,000.00
Supplies 34,000.00 8,700.00
Other Current Assets 64,550.00
Transportation Equipment 1,100,650.00
Land 3,000,500.00
Building 1,500,000.00 450,000.00
Furniture and Fixture 650,000.00
Other Non-Current Assets 350,000.00
Accounts Payable 450,000.00 6,525.00
Accrued Liabilities 65,000.00 5,600.00
Short Term Loan Payable 256,000.00
VAT Payable
Other Current Liabilities 45,000.00
Long Term Loan Payable 980,000.00 600,000.00
Owner's Equity 5,429,096.00
Sales
Cost of Sale 6,604,275.00
4.0% Marketing Expenses 528,342.00
13.0% Salaries and Wages 1,717,111.50
7.0% Utilities Expenses 924,598.50
1.0% Miscellaneous Expense 132,085.50
1.5% Supplies Expense 198,128.25
3.0% Sanitary and Disinfection Expense 396,256.50
2.5% Depreciation Expense 330,213.75
2.3% Taxes and Licenses 297,192.38
1.0% Other Expense 132,085.50
Interest Expense 286,000.00
Provision for Income Tax 335,857.47
7,225,096.00 7,225,096.00 26,278,641.34
-
Transaction for the Year Ending Balance
Cr Dr Cr
12,487,746.34 1,075,469.66
56,000.00
231,850.00
42,700.00
6,525.00 58,025.00
137,581.25 963,068.75
3,000,500.00
100,000.00 1,850,000.00
81,250.00 568,750.00
350,000.00
83,700.00 527,175.00
59,400.00
256,000.00
42,120.00 42,120.00
45,000.00
450,000.00 830,000.00
5,429,096.00
13,208,550.00 13,208,550.00
6,604,275.00
528,342.00
1,717,111.50
924,598.50
132,085.50
198,128.25
396,256.50
(318,831.25) 649,045.00
297,192.38
132,085.50
286,000.00
335,857.47
26,278,641.34 20,397,341.00 20,397,341.00
- -
 CORA VERGEL RESORT MENU
ALL DAY BREAKFAST

# items Sold/
PRODUCT NAME COST/UNIT MARK-UP NET SP VAT PRICE Production
(Month)

Bacon Meal 62.50 100% 125.00 15.00 140.00 10.00

Bangus Meal 71.43 100% 142.86 17.14 160.00 5.00
Beef Tapa Meal 58.04 100% 116.07 13.93 130.00 13.00
Chorizo Meal 58.04 100% 116.07 13.93 130.00 15.00
Hotdog Meal 49.11 100% 98.21 11.79 110.00 15.00
Spam Meal 66.96 100% 133.93 16.07 150.00 14.00
Tocino Meal 58.04 100% 116.07 13.93 130.00 12.00
Rice 6.70 100% 13.39 1.61 15.00 60.00

SNAKS
Cheese Burger 66.96 100% 133.93 16.07 150.00 16.00
CheesePanini 26.79 100% 53.57 6.43 60.00 10.00
Cheesy Tuna Sandwich 33.48 100% 66.96 8.04 75.00 17.00
Fries 20.09 100% 40.18 4.82 45.00 23.00
Siomai 16.96 100% 33.93 4.07 38.00 26.00

PIZZA
Pizza ( 8 slices ) 107.14 100% 214.29 25.71 240.00 19.00
4 in 1 Pizza ( 16 slices ) 151.79 100% 303.57 36.43 340.00 18.00

PASTA
Filipino Style Carbonara 107.14 100% 214.29 25.71 240.00 14.00
Spaghetti Meatballs 107.14 100% 214.29 25.71 240.00 17.00

( HOT BREW & MORE )

Classic 120z
Americano 49.11 100% 98.21 11.79 110.00 34.00
Espresso Cafe Latte 49.11 100% 98.21 11.79 110.00 32.00
Caramel 49.11 100% 98.21 11.79 110.00 45.00
Chocolate 49.11 100% 98.21 11.79 110.00 25.00
Hazelnut 49.11 100% 98.21 11.79 110.00 26.00
White Mocha 49.11 100% 98.21 11.79 110.00 17.00
Vanilla 49.11 100% 98.21 11.79 110.00 36.00
Spanish 49.11 100% 98.21 11.79 110.00 11.00

Flavored 12o 53.57 100% 107.14 12.86 120.00

Latte 53.57 100% 107.14 12.86 120.00 28.00
Cappuchino 53.57 100% 107.14 12.86 120.00 22.00
Macchiato 53.57 100% 107.14 12.86 120.00 27.00
Caramel 53.57 100% 107.14 12.86 120.00 30.00
Choco 53.57 100% 107.14 12.86 120.00 30.00
Hazelnut 53.57 100% 107.14 12.86 120.00 25.00
White Mocha 53.57 100% 107.14 12.86 120.00 27.00
Vanilla 53.57 100% 107.14 12.86 120.00 25.00
Spanish 53.57 100% 107.14 12.86 120.00 16.00

COLD BREW & BLEND

Over iced 16oz 58.04 100% 116.07 13.93 130.00 16.00

Frappuccino 16oz 62.50 100% 125.00 15.00 140.00 13.00

Americano 62.50 100% 125.00 15.00 140.00 18.00
Espresso Cafe Latte 62.50 100% 125.00 15.00 140.00 16.00
Caramel 62.50 100% 125.00 15.00 140.00 19.00
Chocolate 62.50 100% 125.00 15.00 140.00 12.00
Hazelnut 62.50 100% 125.00 15.00 140.00 12.00
White Mocha 62.50 100% 125.00 15.00 140.00 15.00
Vanilla 62.50 100% 125.00 15.00 140.00 10.00
Spanish 62.50 100% 125.00 15.00 140.00 8.00
Choco 62.50 100% 125.00 15.00 140.00 11.00

Milkshakes 16oz
Caramel 66.96 100% 133.93 16.07 150.00 15.00
Chocolate Mocha 66.96 100% 133.93 16.07 150.00 12.00
Coconut Mocha 66.96 100% 133.93 16.07 150.00 18.00
Cookies & Ceam 66.96 100% 133.93 16.07 150.00 20.00
Strawberry Cheesecake 66.96 100% 133.93 16.07 150.00 19.00
Vanilla 66.96 100% 133.93 16.07 150.00 12.00
Matcha 66.96 100% 133.93 16.07 150.00 12.00

Mocktails 16oz
Blue Lagoon 22.32 100% 44.64 5.36 50.00 10.00
Red Sea 22.32 100% 44.64 5.36 50.00 10.00
Green Valley 22.32 100% 44.64 5.36 50.00 14.00
Lemon Iced Tea 22.32 100% 44.64 5.36 50.00 27.00
Lychee ( Signature Drink ) 40.18 100% 80.36 9.64 90.00 30.00

FRESH CAKES

Sliced
Banana Bread 22.32 100% 44.64 5.36 50.00 15.00
Banna Muffin 15.63 100% 31.25 3.75 35.00 16.00
Burnt Cheesecake 49.11 100% 98.21 11.79 110.00 19.00
Chocolate Moist 53.57 100% 107.14 12.86 120.00 19.00
Blueberry Cheesecake 55.80 100% 111.61 13.39 125.00 15.00
Strawberry Cheesecake 55.80 100% 111.61 13.39 125.00 17.00

Whole
Banna Bred 89.29 100% 178.57 21.43 200.00 11.00
Brnt Cheesecake 491.07 100% 982.14 117.86 1,100.00 8.00
Blueberry Cheesecake 558.04 100% 1,116.07 133.93 1,250.00 10.00
Strawberry Cheesecake 558.04 100% 1,116.07 133.93 1,250.00 10.00
1,249.00

CORA VERGEL RESORT

PRODUCTION COST

ENTRANCE FEE INCLUDES SWIMMING

Adult 55.80 100% 111.61 13.39 125.00 500.00
Kids 44.64 100% 89.29 10.71 100.00 420.00
Boating 22.32 100% 44.64 5.36 50.00 380.00
COTTAGES
Umbrella ( 4 pax ) 178.57 100% 357.14 42.86 400.00 50.00
Gazebo( 15 pax ) 535.71 100% 1,071.43 128.57 1,200.00 35.00
Small Kubo ( 10 pax) 446.43 100% 892.86 107.14 1,000.00 70.00
Large Kubo ( 20 pax ) 892.86 100% 1,785.71 214.29 2,000.00 65.00
ROOMS
Couples Room ( 2pax ) 1,116.07 100% 2,232.14 267.86 2,500.00 34.00
Duplex Room ( 2pax ) 1,428.57 100% 2,857.14 342.86 3,200.00 25.00
Family Room ( 7pax ) 2,678.57 100% 5,357.14 642.86 6,000.00 30.00
Small Bahay Kubo ( 4 pax ) 937.50 100% 1,875.00 225.00 2,100.00 23.00
Large Bahay Kubo ( 6pax ) 1,428.57 100% 2,857.14 342.86 3,200.00 46.00

TENTS RENTALS
Ordinary Tent ( 3pax ) 178.57 100% 357.14 42.86 400.00 25.00
Premium Tent A ( 2pax ) 223.21 100% 446.43 53.57 500.00 12.00
PremiumTent B ( 3pax ) 334.82 100% 669.64 80.36 750.00 13.00
Premuim Tent 6 ( 6pax ) 580.36 100% 1,160.71 139.29 1,300.00 15.00
Sleeping Bag 66.96 100% 133.93 16.07 150.00 15.00
Extra bed set 66.96 100% 133.93 16.07 150.00 30.00
Towel 22.32 100% 44.64 5.36 50.00 28.00
Videoke 223.21 100% 446.43 53.57 500.00 32.00

COORKAGE
Softdrinks/case 66.96 100% 133.93 16.07 150.00 32.00
Softdrinks/bottle 22.32 100% 44.64 5.36 50.00 150.00
Hard drinks/case 178.57 100% 357.14 42.86 400.00 56.00
Hard drinks/bottle 66.96 100% 133.93 16.07 150.00 156.00
Appliance 44.64 100% 89.29 10.71 100.00 19.00
2,261.00

3,510.00
# items Sold/
Sales Sales Cost of Sales Cost of Sales
Production
(Month) (year) (Month) (year)
(Year)

120.00 1,250.00 15,000.00 625.00 7,500.00

60.00 714.29 8,571.43 357.14 4,285.71
156.00 1,508.93 18,107.14 754.46 9,053.57
180.00 1,741.07 20,892.86 870.54 10,446.43
180.00 1,473.21 17,678.57 736.61 8,839.29
168.00 1,875.00 22,500.00 937.50 11,250.00
144.00 1,392.86 16,714.29 696.43 8,357.14
720.00 803.57 9,642.86 401.79 4,821.43

192.00 2,142.86 25,714.29 1,071.43 12,857.14

120.00 535.71 6,428.57 267.86 3,214.29
204.00 1,138.39 13,660.71 569.20 6,830.36
276.00 924.11 11,089.29 462.05 5,544.64
312.00 882.14 10,585.71 441.07 5,292.86

228.00 4,071.43 48,857.14 2,035.71 24,428.57

216.00 5,464.29 65,571.43 2,732.14 32,785.71

168.00 3,000.00 36,000.00 1,500.00 18,000.00

204.00 3,642.86 43,714.29 1,821.43 21,857.14

408.00 3,339.29 40,071.43 1,669.64 20,035.71

384.00 3,142.86 37,714.29 1,571.43 18,857.14
540.00 4,419.64 53,035.71 2,209.82 26,517.86
300.00 2,455.36 29,464.29 1,227.68 14,732.14
312.00 2,553.57 30,642.86 1,276.79 15,321.43
204.00 1,669.64 20,035.71 834.82 10,017.86
432.00 3,535.71 42,428.57 1,767.86 21,214.29
132.00 1,080.36 12,964.29 540.18 6,482.14

- - - - -
336.00 3,000.00 36,000.00 1,500.00 18,000.00
264.00 2,357.14 28,285.71 1,178.57 14,142.86
324.00 2,892.86 34,714.29 1,446.43 17,357.14
360.00 3,214.29 38,571.43 1,607.14 19,285.71
360.00 3,214.29 38,571.43 1,607.14 19,285.71
300.00 2,678.57 32,142.86 1,339.29 16,071.43
324.00 2,892.86 34,714.29 1,446.43 17,357.14
300.00 2,678.57 32,142.86 1,339.29 16,071.43
192.00 1,714.29 20,571.43 857.14 10,285.71

192.00 1,857.14 22,285.71 928.57 11,142.86

156.00 1,625.00 19,500.00 812.50 9,750.00

216.00 2,250.00 27,000.00 1,125.00 13,500.00
192.00 2,000.00 24,000.00 1,000.00 12,000.00
228.00 2,375.00 28,500.00 1,187.50 14,250.00
144.00 1,500.00 18,000.00 750.00 9,000.00
144.00 1,500.00 18,000.00 750.00 9,000.00
180.00 1,875.00 22,500.00 937.50 11,250.00
120.00 1,250.00 15,000.00 625.00 7,500.00
96.00 1,000.00 12,000.00 500.00 6,000.00
132.00 1,375.00 16,500.00 687.50 8,250.00

180.00 2,008.93 24,107.14 1,004.46 12,053.57

144.00 1,607.14 19,285.71 803.57 9,642.86
216.00 2,410.71 28,928.57 1,205.36 14,464.29
240.00 2,678.57 32,142.86 1,339.29 16,071.43
228.00 2,544.64 30,535.71 1,272.32 15,267.86
144.00 1,607.14 19,285.71 803.57 9,642.86
144.00 1,607.14 19,285.71 803.57 9,642.86

120.00 446.43 5,357.14 223.21 2,678.57

120.00 446.43 5,357.14 223.21 2,678.57
168.00 625.00 7,500.00 312.50 3,750.00
324.00 1,205.36 14,464.29 602.68 7,232.14
360.00 2,410.71 28,928.57 1,205.36 14,464.29

180.00 669.64 8,035.71 334.82 4,017.86

192.00 500.00 6,000.00 250.00 3,000.00
 228.00 1,866.07 22,392.86 933.04 11,196.43
228.00 2,035.71 24,428.57 1,017.86 12,214.29
180.00 1,674.11 20,089.29 837.05 10,044.64
204.00 1,897.32 22,767.86 948.66 11,383.93

132.00 1,964.29 23,571.43 982.14 11,785.71

96.00 7,857.14 94,285.71 3,928.57 47,142.86
120.00 11,160.71 133,928.57 5,580.36 66,964.29
120.00 11,160.71 133,928.57 5,580.36 66,964.29
14,988.00 158,391.07 1,900,692.86 79,195.54 950,346.43

6,000.00 55,803.57 669,642.86 27,901.79 334,821.43

5,040.00 37,500.00 450,000.00 18,750.00 225,000.00
4,560.00 16,964.29 203,571.43 8,482.14 101,785.71

600.00 17,857.14 214,285.71 8,928.57 107,142.86

420.00 37,500.00 450,000.00 18,750.00 225,000.00
840.00 62,500.00 750,000.00 31,250.00 375,000.00
780.00 116,071.43 1,392,857.14 58,035.71 696,428.57

408.00 75,892.86 910,714.29 37,946.43 455,357.14

300.00 71,428.57 857,142.86 35,714.29 428,571.43
360.00 160,714.29 1,928,571.43 80,357.14 964,285.71
276.00 43,125.00 517,500.00 21,562.50 258,750.00
552.00 131,428.57 1,577,142.86 65,714.29 788,571.43

300.00 8,928.57 107,142.86 4,464.29 53,571.43

144.00 5,357.14 64,285.71 2,678.57 32,142.86
156.00 8,705.36 104,464.29 4,352.68 52,232.14
180.00 17,410.71 208,928.57 8,705.36 104,464.29
180.00 2,008.93 24,107.14 1,004.46 12,053.57
360.00 4,017.86 48,214.29 2,008.93 24,107.14
336.00 1,250.00 15,000.00 625.00 7,500.00
384.00 14,285.71 171,428.57 7,142.86 85,714.29

384.00 4,285.71 51,428.57 2,142.86 25,714.29

1,800.00 6,696.43 80,357.14 3,348.21 40,178.57
 672.00 20,000.00 240,000.00 10,000.00 120,000.00
1,872.00 20,892.86 250,714.29 10,446.43 125,357.14
228.00 1,696.43 20,357.14 848.21 10,178.57
27,132.00 942,321.43 11,307,857.14 471,160.71 5,653,928.57

42,120.00 1,100,712.50 13,208,550.00 550,356.25 6,604,275.00

CORA VERGEL RESORT
PROJECTED Balance Sheet
As of December 31, 2023

Sales Revenue 13,208,550.00

Cost of Goods Sold 6,604,275.00
Gross Profit 6,604,275.00

Operating Expenses:
Marketing Expenses 528,342.00
Salaries and Wages 1,717,111.50
Utilities Expenses 924,598.50
Miscellaneous Expense 132,085.50
Total Operating Expense 3,302,137.50

General Administrative Expense:

Supplies Expense 198,128.25
Sanitary and Disinfection Expense 396,256.50
Depreciation Expense 649,045.00
Taxes and Licenses 297,192.38
Other Expense 132,085.50
Total General Administrative Expense 1,672,707.63

Finance Expense:
Other Expense 286,000.00
Total Finance Expense 286,000.00

Income before Tax 1,343,429.88

Income Tax 335,857.47

Income after Tax 1,007,572.41

 CORA VERGEL RESORT
PROJECTED Balance Sheet
As of December 31, 2023

Assets

Current Assets
Cash and Cash Equivalent 1,075,469.66
Accounts Receivables 56,000.00
Inventories 231,850.00
Supplies 42,700.00
Other Current Assets 58,025.00
Total Current Assets 1,464,044.66

Non-Current Assets
Transportation Equipment 963,068.75
Land 3,000,500.00
Building 1,850,000.00
Furniture and Fixture 568,750.00
Other Non-Current Assets 350,000.00
Total Non-Current Assets 6,732,318.75

Total Assets 8,196,363.41

Liabilities and Owner's Equity

Liabilities
Current Liabilities
Accounts Payable 527,175.00
Accrued Liabilities 59,400.00
Short Term Loan Payable 256,000.00
VAT Payable 42,120.00
Other Current Liabilities 45,000.00
Total Current Liabilities 929,695.00

Non-Current Liabilities
Long Term Loan Payable 830,000.00
Non-Current Liabilities 830,000.00

Total Liabilities 1,759,695.00

Owner's Equity
Owner's Equity 6,436,668.41
Total Liabilities and Owner's Equity 8,196,363.41

-
 CORA VERGEL RESORT
PROJECTED Balance Sheet
For the year ended December 31, 2023

Cash flows from operating activities

Net income 1,007,572.41
Depreciation and amortization 318,831.25
Changes in working capital:
Current Assets (77,175.00)
Trade and other payables 113,695.00
Net Cash Flows from Operating Activities 1,362,923.66

Cash flows from investing activities

Purchases of property, plant and equipment (450,000.00)
Net Cash Flows from Investing Activities (450,000.00)

Cash flows from financing activities

Net Repayments of borrowings (150,000.00)
Net Cash Flows from Financing Activities (150,000.00)

Net changes in cash 762,923.66

Cash at the beginning of the year 312,546.00

CASH AT THE END OF THE YEAR 1,075,469.66

See accompanying Notes to Financial Statements
-
A. Profitability Ratio

1. Return on Equity
Net Income 1,007,572.41
Average Equity 5,932,882.20

Return on Equity 16.98%

2. Net Profit Margin

Net Income 1,007,572.41
Total Sales 13,208,550.00

Return on Equity 7.63%

B. Liquidity Ratio

1.Current Asset ratio

Current Asset 1,464,044.66
Current Liabilities 929,695.00

Return on Equity 157.48%

2.Quick Asset Ratio

Liquid Asset 1,131,469.66
Current Liabilities 929,695.00

Return on Equity 121.70%

C.Leverage Ratio
Total Debt 1,759,695.00
Total Asset 8,196,363.41

Leverage Ratio 21.47%

Total Debt 1,759,695.00

Total Equity 6,436,668.41

Debt to Equity Ratio 27.34%

D. Break Even Profit Analysis

Fixed Cost 4,974,845.13

 Cotribution Margin:

Total Selling Price 313.59

Less: Total Variable Price 156.80
156.80

Break Even 31,728.01

E. Return on Investment

Net Profit 1,007,572.41

Investment 5,429,096.00

Return on Investment 18.56%

F. Supporting Documents

Total Assets 8,196,363.41

Total Liabilities 1,759,695.00
Total Equity 6,436,668.41
Total Expenses 5,260,845.13
Net Income 1,007,572.41