FINANCIAL STATEMENTS AND NOTES.xlsx

FINANCIAL STATEMENTS AND NOTES.xlsx - SIBAL LOGISTICS AND...

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SIBAL LOGISTICS AND SERVIC TIANSUY GO ROAD SAN JOSE PUERTO PRINCESA CITY PALAWAN STATEMENT OF COMPREHENSIVE INCOM For the year ended, December 31, 2016 Net Sales Gross Sales 13,657,350.40 Less: Output Tax 1,463,287.55 Net Sales Gross Profit Representation Expenses 95,341.98 Supplies Expense 410,802.24 Gas and Oil Expenses 656,691.05 Utilities Expenses 397,182.80 Taxes and Licences 19,423.52 Repair and Maintenance 62,755.44 Freight and Handling Costs 54,209.44 Terminal Fee 3,009.88 Communication Expenses 59,658.41 Miscellaneous Expense 10,356.67 Net Profit Before Income Tax Net Profit After Income Tax Less: Cost of Services Less: Operating Expenses Less: Provision for Income Tax
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CES N 5300 ME 12,194,062.85 6,215,734.29 5,978,328.56 1,769,431.43 4,208,897.13 1,263,847.08 P 2,945,050.05
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SIBAL LOGISTICS AND SERVICES TIANSUY GO ROAD SAN JOSE PUERTO PRINCESA CITY PALAWAN 5300 NOTES TO FINANCIAL POSITION For the year ended, December 31, 2016 Cash on hand 250,000.00 Cash in Bank 1,000,000.00 Petty Cash Fund 200,000.00 Time deposit 18,000.00 TOTAL P 1,468,000.00 P 100,000.00 Accounts Receivable 1,500,000.00 Less: Allowance for doubtful Accounts 500,000.00 Notes Receivable 250,000.00 Interest Receivable 11,000.00 TOTAL P 1,261,000.00 Prepaid Rent P 36,000.00 Delivery Equipments 1,271,000.00 Containers 320,000.00 Tools 50,000.00 Total 1,641,000.00 Less: Accumulated Depreciation 150,000.00 TOTAL P 1,491,000.00 Sinking Fund for Acquisition of Equipment P 500,000.00 Franchise 26,000.00 Note 1 - CASH AND CASH EQUIVALENTS Note 2 - FINANCIAL ASSET AT FAIR VALUE Note 3 - TRADE AND OTHER RECEIVABLES Note 4 - PREPAID EXPENSES Note 5 - PLANT, PROPERTY AND EQUIPMENT Note 6 - LONG TERM INVESTMENTS Note 7 - INTANGIBLE ASSETS
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  • Spring '17
  • Jane Smith

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