Magnum Final Finally Fs

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Appendix 1 Pro-forma Income Statement

MAGNUM

INCORPORATED

Pro-forma Income Statement For the period from Year 1 to Year 5 Year 1 Gross Sales Revenue

Year 2

Year 3

Year 4

Year 5

6,452,209.75

6,509,447.48

7,214,392.09

8,134,658.60

8,883,124.42

691,308.19

697,440.80

772,970.58

871,570.56

951,763.33

Net Sales Revenue

5,760,901.56

5,812,006.68

6,441,421.51

7,263,088.04

7,931,361.09

Cost of Sales

2,327,114.13

2,705,377.35

2,827,743.43

3,302,817.11

3,204,263.05

Gross Income

3,433,787.43

3,106,629.33

3,613,678.08

3,960,270.93

4,727,098.04

Less: Operating Expenses Advertising Expense Depreciation Expense Repairs & Maintainance Rent Expense Salaries and Wages SSS Contribution Phil Health/Medicare Employee Benefits Utilities Expense Supplies Expense Miscellaneous Expense Amortization Expense Total Operating Expenses

115,218.03 137,029.41 35,000.00 471,000.00 1,680,000.00 96,201.60 21,000.00 140,000.00 257,142.86 16,501.03 7,372.00 2,335.20 2,978,800.13

116,240.13 137,029.41 35,000.00 506,325.00 1,680,000.00 96,201.60 21,000.00 140,000.00 262,285.71 16,501.03 7,372.00 2,335.20 3,017,954.89

128,828.43 134,029.41 35,000.00 544,299.38 1,730,400.00 96,565.20 21,000.00 144,200.00 267,531.43 12,818.66 7,372.00 2,335.20 3,122,044.51

145,261.76 134,029.41 35,000.00 585,121.83 1,730,400.00 96,565.20 21,000.00 144,200.00 272,882.06 12,818.66 7,372.00 2,335.20 3,184,650.92

158,627.22 134,029.41 35,000.00 629,005.96 1,782,312.00 99,110.40 21,000.00 148,526.00 278,339.70 12,818.66 7,372.00 2,335.20 3,306,141.35

Operating Income Less: Interest Expense (16%)

454,987.30 72,797.97

88,674.44 14,187.91

491,633.58 78,661.37

775,620.01 124,099.20

1,420,956.69 227,353.07

Earnings before Tax Less: Income Tax (32%)

382,189.33 122,300.59

74,486.53 23,835.69

412,972.20 132,151.11

651,520.81 208,486.65

1,193,603.62 381,953.16

Net Income

259,888.75

50,650.84

280,821.10

443,034.16

811,650.46

VAT Output Tax (12%)

Pro Forma Income Statement Page 1 of 30

Appendix 1 Pro-forma Income Statement

MAGNUM

INCORPORATED

Pro-forma Income Statement For the period from Year 6 to Year 10 Year 6

Year 7

Year 8

Year 9

Year 10

Gross Sales Revenue

9,826,145.99

10,475,698.20

12,152,156.07

12,468,776.59

14,033,552.17

VAT Output Tax (12%)

1,052,801.36

1,122,396.24

1,302,016.72

1,335,940.35

1,503,594.88

Net Sales Revenue

8,773,344.63

9,353,301.97

10,850,139.35

11,132,836.24

12,529,957.30

Cost of Sales

3,613,582.34

3,781,551.76

4,374,788.59

4,438,733.42

4,979,744.44

Gross Income

5,159,762.29

5,571,750.20

6,475,350.75

6,694,102.83

7,550,212.86

Less: Operating Expenses Advertising Expense Depreciation Expense Repairs & Maintainance Rent Expense Salaries and Wages SSS Contribution Phil Health/Medicare Employee Benefits Utilities Expense Supplies Expense Miscellaneous Expense Amortization Expense Total Operating Expenses

175,466.90 134,029.41 35,000.00 676,181.42 1,782,312.00 99,110.40 21,000.00 148,526.00 283,906.48 12,818.66 7,372.00 3,375,723.27

187,066.04 134,029.41 35,000.00 726,895.02 1,835,781.36 99,475.20 21,600.00 152,981.78 289,584.62 12,818.66 7,372.00 3,502,604.09

217,002.79 134,029.41 35,000.00 781,412.14 1,835,781.36 99,475.20 21,600.00 152,981.78 295,376.31 12,818.66 7,372.00 3,592,849.66

222,656.72 134,029.41 35,000.00 840,018.06 1,890,854.80 102,024.00 21,750.00 157,571.23 301,283.84 12,818.66 7,372.00 3,725,378.73

250,599.15 134,029.41 35,000.00 903,019.41 1,890,854.80 102,024.00 21,750.00 157,571.23 307,309.52 12,818.66 7,372.00 3,822,348.18

Operating Income Less: Interest Expense (16%)

1,784,039.02 -

2,069,146.11 -

2,882,501.09 -

2,968,724.10 -

3,727,864.67 -

Earnings before Tax Less: Income Tax (32%)

1,784,039.02 570,892.49

2,069,146.11 662,126.76

2,882,501.09 922,400.35

2,968,724.10 949,991.70

3,727,864.67 1,192,916.70

Net Income

1,213,146.54

1,407,019.35

1,960,100.74

1,918,732.39

2,534,947.98

Pro Forma Income Statement Page 2 of 30

Appendix 1 Pro-forma Income Statement

137029.41

Pro Forma Income Statement Page 3 of 30

APPENDIX 2 PRO-FORMA BALANCE SHEET

MAGNUM

INCORPORATED

Pro-forma Balance Sheet As of December 31, Year 0 to Year 10 Y E A R 0 ASSETS Currents Assets Cash Inventory Supplies on Hand Prepaid Expense Total Current Assets Fixed Assets Land Office Assets Store Assets Plant and Plant Assets Vehicle Total Fixed Assets Less: Accumulated Depreciation Total Fixed Assets Intangibles Leasehold Improvement Less: Accumulated Depreciation Other Assets Less: Amortization Total Intangibles

TOTAL ASSETS

1

102,089.74 23,768.79 18,481.15 482,404.80 626,744.48

488,134.94 848,568.74 1,238.75 1,337,942.43

2

3

4

5

1,326,578.29 160,287.19 1,238.75

1,358,081.73 691,829.74 1,238.75

2,540,573.94 234,710.03 1,238.75

1,463,400.32 489,740.27 1,238.75

1,488,104.23

2,051,150.22

2,776,522.72

1,954,379.34

550,000.00 550,000.00 550,000.00 550,000.00 550,000.00 550,000.00 91,700.00 91,700.00 91,700.00 91,700.00 91,700.00 90,500.00 34,200.00 34,200.00 24,200.00 34,200.00 24,200.00 33,000.00 403,422.47 403,422.47 403,422.47 403,422.47 403,422.47 392,722.47 800,000.00 800,000.00 800,000.00 800,000.00 800,000.00 800,000.00 1,879,322.47 1,879,322.47 1,869,322.47 1,879,322.47 1,869,322.47 1,866,222.47 134,029.41 268,058.83 392,088.24 526,117.65 650,147.07 1,879,322.47 1,745,293.06 1,601,263.64 1,487,234.23 1,343,204.82 1,216,075.40

477,381.00 11,676.00 489,057.00

477,381.00 47,738.10 11,676.00 2,335.20 438,983.70

477,381.00 95,476.20 11,676.00 4,670.40 388,910.40

477,381.00 143,214.30 11,676.00 7,005.60 338,837.10

477,381.00 190,952.40 11,676.00 9,340.80 288,763.80

477,381.00 238,690.50 11,676.00 11,676.00 238,690.50

2,995,123.95

3,522,219.19

3,478,278.27

3,877,221.55

4,408,491.34

3,409,145.24

43,960.00 24,000.00 27,935.50 49,010.40 122,300.59

47,257.00 24,480.00 27,935.50 49,106.55 23,835.69

50,801.27 24,969.60 27,935.50 54,879.44 132,151.11

54,611.37 25,468.99 27,935.50 62,470.04 208,486.66

267,206.49

172,614.74

290,736.92

378,972.56

58,707.22 25,978.37 27,935.50 68,525.70 381,953.16 100,000.00 663,099.95

LIABILITIES AND STOCKHOLDER'S EQUITY Current Liabilities Rent Payable Utilities Payable Interest Payable VAT Output Tax Payable Income Tax Payable Dividends Payable Total Current Liabilities

-

Long-term Liabilities Long-term loan

2,095,123.95

2,095,123.95

2,095,123.95

2,095,123.95

2,095,123.95

TOTAL LIABILITIES

2,095,123.95

2,362,330.44

2,267,738.69

2,385,860.87

2,474,096.51

663,099.95

900,000.00 -

900,000.00 259,888.75

900,000.00 310,539.58

900,000.00 591,360.68

900,000.00 1,034,394.83

900,000.00 1,846,045.29

2,995,123.95

1,159,888.75

1,210,539.58

1,491,360.68

1,934,394.83

2,746,045.29

TOTAL LIABILITIES AND STOCKHOLDERS EQUITY 2,995,123.95

3,522,219.19

3,478,278.27

3,877,221.55

4,408,491.34

3,409,145.24

Stockholder's Equity Capital Stock (P10 par value) Retained Earnings TOTAL STOCKHOLDER'S EQUITY

-

APPENDIX 2 PRO-FORMA BALANCE SHEET

MAGNUM

INCORPORATED

Pro-forma Balance Sheet As of December 31, Year 0 to Year 10 6 ASSETS Currents Assets Cash Inventory Supplies on Hand Prepaid Expense Total Current Assets Fixed Assets Land Office Assets Store Assets Plant and Plant Assets Vehicle Total Fixed Assets Less: Accumulated Depreciation Total Fixed Assets Intangibles Leasehold Improvement Less: Accumulated Depreciation Other Assets Less: Amortization Total Intangibles

TOTAL ASSETS

YEAR 8

7

9

10

3,213,202.51 192,302.58 1,238.75

4,620,331.25 355,577.89 1,238.75

7,283,196.99 24,548.71 1,238.75

9,216,291.55 207,691.98 1,238.75

12,283,232.80 35,835.25 1,238.75

3,406,743.84

4,977,147.89

7,308,984.45

9,425,222.28

12,320,306.80

550,000.00 550,000.00 550,000.00 550,000.00 550,000.00 91,700.00 91,700.00 91,700.00 91,700.00 91,700.00 24,200.00 34,200.00 24,200.00 34,200.00 24,200.00 403,422.47 403,422.47 403,422.47 403,422.47 403,422.47 800,000.00 800,000.00 800,000.00 800,000.00 800,000.00 1,869,322.47 1,879,322.47 1,869,322.47 1,879,322.47 1,869,322.47 771,076.48 895,105.90 1,029,135.31 1,153,164.72 1,293,194.14 1,098,245.99 984,216.57 840,187.16 726,157.75 576,128.33

477,381.00 286,428.60

477,381.00 334,166.70

477,381.00 381,904.80

477,381.00 429,642.90

477,381.00 477,381.00

190,952.40

143,214.30

95,476.20

47,738.10

4,695,942.23

6,104,578.76

8,244,647.81

10,199,118.13

12,896,435.13

63,110.26 26,497.94 76,249.71 570,892.49 100,000.00 836,750.40

67,843.54 27,027.90 81,369.38 662,126.76 100,000.00 938,367.58

72,931.80 27,568.46 95,435.29 922,400.35 100,000.00 1,218,335.90

78,401.69 28,119.83 97,560.59 949,991.71 100,000.00 1,254,073.82

84,281.81 28,682.22 110,562.11 1,192,916.70 100,000.00 1,516,442.84

-

LIABILITIES AND STOCKHOLDER'S EQUITY Current Liabilities Rent Payable Utilities Payable Interest Payable VAT Output Tax Payable Income Tax Payable Dividends Payable Total Current Liabilities Long-term Liabilities Long-term loan TOTAL LIABILITIES

-

-

-

-

-

836,750.40

938,367.58

1,218,335.90

1,254,073.82

1,516,442.84

Stockholder's Equity Capital Stock (P10 par value) Retained Earnings

900,000.00 2,959,191.83

900,000.00 4,266,211.18

900,000.00 6,126,311.92

900,000.00 8,045,044.31

900,000.00 10,479,992.29

TOTAL STOCKHOLDER'S EQUITY

3,859,191.83

5,166,211.18

7,026,311.92

8,945,044.31

11,379,992.29

TOTAL LIABILITIES AND STOCKHOLDERS EQUITY

4,695,942.23

6,104,578.76

8,244,647.82

10,199,118.13

12,896,435.13

Appendix 3 Statement of Cash Flows

MAGNUM

INCORPORATED

Pro-forma Statement of Cash Flows For the period from Year 1 to Year 5 Year 1 Cash Flows from Operating Activities Net Income Increase (Decrease) in Depreciation - Fixed Assets Increase (Decrease) in Depreciation - Leasehold Improvements Increase (Decrease) in Amortization - Amortization Increase (Decrease) in Inventory Increase (Decrease) in Supplies On Hand Increase (Decrease) in Prepaid Expense Increase (Decrease) in Rent Payable Increase (Decrease) in Utilities Payable Increase (Decrease) in Interest Payable Increase (Decrease) in Dividends Payable Increase (Decrease) in VAT Output Tax Payable Increase (Decrease) in Income Tax Payable Net Cash Provided by Operating Activities Cash Flows from Investing and Financing Activities Acquisition of Office Assets Acquisition of Store Assets Acquisition of Pland and Plant Assets Increase (Decrease) in Long-term Loan Dividends Paid Net Cash Provided by Investing and Financing Activities

Year 2

Year 3

Year 4

Year 5

259,888.75 134,029.41 47,738.10 2,335.20 (824,799.95) 17,242.40 482,404.80 43,960.00 24,000.00 27,935.50

50,650.84 134,029.41 47,738.10 2,335.20 688,281.55 3,297.00 480.00 (0.00)

280,821.10 124,029.41 47,738.10 2,335.20 (531,542.55) 3,544.27 489.60 -

443,034.16 134,029.41 47,738.10 2,335.20 457,119.71 3,810.10 499.39 0.00

49,010.40 122,300.59 386,045.20

96.15 (98,464.90) 828,443.35

5,772.89 108,315.42 41,503.43

7,590.60 76,335.55 1,172,492.22

10,000.00 -

(10,000.00) -

10,000.00 -

10,000.00

(10,000.00)

10,000.00

1,200.00 (8,800.00) 10,700.00 (2,095,123.95) (2,092,023.95)

-

811,650.46 124,029.41 47,738.10 2,335.20 (255,030.24) 4,095.85 509.38 100,000.00 6,055.66 173,466.50 1,014,850.32

Increase (Decrease) in Cash

386,045.20

838,443.35

31,503.43

1,182,492.22

(1,077,173.63)

Add: Cash - Beginning

102,089.74

488,134.94

1,326,578.29

1,358,081.73

2,540,573.94

Cash Balance - End

488,134.94

1,326,578.29

1,358,081.73

2,540,573.94

1,463,400.32

Appendix 3 Statement of Cash Flows

MAGNUM

INCORPORATED

Pro-forma Statement of Cash Flows For the period from Year 6 to Year 10

Cash Flow from Operating Activities Net Income Increase (Decrease) in Depreciation - Fixed Assets Increase (Decrease) in Depreciation - Leasehold Improvements Increase (Decrease) in Amortization - Amortization Increase (Decrease) in Inventory Increase (Decrease) in Supplies On Hand Increase (Decrease) in Prepaid Expense Increase (Decrease) in Rent Payable Increase (Decrease) in Utilities Payable Increase (Decrease) in Interest Payable Increase (Decrease) in Dividends Payable Increase (Decrease) in VAT Output Tax Payable Increase (Decrease) in Income Tax Payable Net Cash Flow Provided by Operating Activities Cash Flow from Financing and Investing Activities Acquisition of Office Assets Acquisition of Store Assets Acquisition of Pland and Plant Assets Increase (Decrease) in Long-term Loan Dividends Paid Net Cash Provided by Financing and Investing Activities Increase (Decrease) in Cash

Cash Balance End

Year 6

Year 7

Year 8

Year 9

Year 10

1,113,146.54 120,929.41 47,738.10 297,437.69 4,403.04 519.57 (27,935.50) 100,000.00 7,724.01 188,939.33 1,852,902.19

1,307,019.35 124,029.41 47,738.10 (163,275.29) 4,733.28 529.96 100,000.00 5,119.66 91,234.27 1,517,128.74

1,860,100.74 134,029.41 47,738.10

1,918,732.39 124,029.41 47,738.10

2,434,947.98 140,029.42 47,738.10

331,029.18 5,088.26 540.56 100,000.00 14,065.91 260,273.59 2,752,865.75

(183,143.27) 5,469.89 551.37 100,000.00 2,125.30 27,591.36 2,043,094.55

171,856.73 5,880.12 562.39 100,000.00 13,001.52 242,924.99 3,156,941.25

(1,200.00) 8,800.00 (10,700.00)

10,000.00 -

(10,000.00) -

10,000.00 -

(100,000.00) (103,100.00)

(10,000.00) (100,000.00) (110,000.00)

(100,000.00) (90,000.00)

(100,000.00) (110,000.00)

(100,000.00) (90,000.00)

1,749,802.19

1,407,128.74

2,662,865.75

1,933,094.55

3,066,941.25

1,463,400.32

3,213,202.51

4,620,331.25

7,283,197.00

9,216,291.55

3,213,202.51

4,620,331.25

7,283,197.00

9,216,291.55

12,283,232.80

43,793,024.32

Appendix 3 Statement of Cash Flows

Appendix 4 Retained Earnings Schedule

MAGNUM

INCORPORATED

Pro-forma Statement of Retained Earnings For the period from Year 1 to Year 10 Year 1

Retained Earnings - Beginning

Year 2

-

Year 3

Year 4

Year 5

Year 6

Year 7

Year 8

Year 9

Year 10

259,888.75

310,539.58

591,360.68

1,034,394.83

1,846,045.29

2,959,191.83

4,266,211.18

6,126,311.92

8,045,044.31

Less: Net Income for the Year Dividends Declared During the Year

259,888.75 -

50,650.84 -

280,821.10 -

443,034.16 -

811,650.46 -

1,213,146.54 100,000.00

1,407,019.35 100,000.00

1,960,100.74 100,000.00

1,918,732.39 100,000.00

2,534,947.98 100,000.00

Retained Earnings - Ending

259,888.75

310,539.58

591,360.68

1,034,394.82

1,846,045.29

2,959,191.83

4,266,211.18

6,126,311.92

8,045,044.31

10,479,992.29

Appendix 4 Retained Earnings Schedule

Appendix 4 Retained Earnings Schedule

137029.41

Appendix 4 Schedule of Depreciation of Fixed Assets

Magnum Inc. Schedule of Depreciation of Fixed Assets Years 1-3 Cost Office Assets Equipment 4-in-1 office machine Personal Computer Fire Extinguisher Furnitures and Fixtures Chairs,Tables (set of 8) Filing Cabinets Store Assets Equipment Point of Sale System Display Materials Fire Extinguisher Plant Assets Equipment Small UV Exposure Unit 20x24 4 Color 4 Station Manual Press Fire Extinguisher Paint Curing Machine Furniture and Fixtures Storage Cabinets Long Wood Tables Plant Building Plant Improvements Vehicle Intangibles: Leasehold Improvements Total Accumulated Depreciation-Fixed Assets Total Depreciation Expense

Year 1 Year 2 Useful Life Dep'n Expense Accu. Dep'n Carrying ValueDep'n Expense Accu. Dep'n

Year 3 Carrying ValueDep'n Expense Accu. Dep'n

Carrying Value

15,000.00 50,000.00 1,200.00

10 10 5

1,500.00 5,000.00 240.00

1,500.00 5,000.00 240.00

13,500.00 45,000.00 960.00

1,500.00 5,000.00 240.00

3,000.00 10,000.00 480.00

12,000.00 40,000.00 720.00

1,500.00 5,000.00 240.00

4,500.00 15,000.00 720.00

10,500.00 35,000.00 480.00

21,000.00 4,500.00

10 10

2,100.00 450.00

2,100.00 450.00

18,900.00 4,050.00

2,100.00 450.00

4,200.00 900.00

16,800.00 3,600.00

2,100.00 450.00

6,300.00 1,350.00

14,700.00 3,150.00

17,000.00 10,000.00 1,200.00

10 2 5

1,700.00 5,000.00 240.00

1,700.00 5,000.00 240.00

15,300.00 5,000.00 960.00

1,700.00 5,000.00 240.00

3,400.00 10,000.00 480.00

13,600.00 720.00

1,700.00 5,000.00

5,100.00 5,000.00

11,900.00 5,000.00

13,037.47 108,385.00 1,200.00 5,500.00

10 15 5 5

1,303.75 7,225.67 240.00 1,100.00

1,303.75 7,225.67 240.00 1,100.00

11,733.72 101,159.33 960.00 4,400.00

1,303.75 7,225.67 240.00 1,100.00

2,607.49 14,451.33 480.00 2,200.00

10,429.98 93,933.67 720.00 3,300.00

1,303.75 7,225.67 240.00 1,100.00

3,911.24 21,677.00 720.00 3,300.00

9,126.23 86,708.00 480.00 2,200.00

5 10 10 10 10

800.00 150.00 25,000.00 1,980.00 80,000.00

800.00 150.00 25,000.00 1,980.00 80,000.00

3,200.00 1,350.00 225,000.00 17,820.00 720,000.00

800.00 150.00 25,000.00 1,980.00 80,000.00

1,600.00 300.00 50,000.00 3,960.00 160,000.00

2,400.00 1,200.00 200,000.00 15,840.00 640,000.00

800.00 150.00 25,000.00 1,980.00 80,000.00

2,400.00 450.00 75,000.00 5,940.00 240,000.00

1,600.00 1,050.00 175,000.00 13,860.00 560,000.00

10

47,738.10

47,738.10 134,029.41 134,029.41

429,642.90

47,738.10

95,476.20

381,904.80 268,058.83

47,738.10

143,214.30

334,166.70 392,088.24

4,000.00 1,500.00 250,000.00 19,800.00 800,000.00 477,381.00

134,029.41

134,029.41

Appendix 4 Schedule of Depreciation of Fixed Assets

Magnum Inc. Schedule of Depreciation of Fixed Assets Years 4-6 Cost Office Assets Equipment 4-in-1 office machine Personal Computer Fire Extinguisher Furnitures and Fixtures Chairs,Tables (set of 8) Filing Cabinets Store Assets Equipment Point of Sale System Display Materials Fire Extinguisher Plant Assets Equipment Small UV Exposure Unit 20x24 4 Color 4 Station Manual Press Fire Extinguisher Paint Curing Machine Furniture and Fixtures Storage Cabinets Long Wood Tables Plant Building Plant Improvements Vehicle Intangibles: Leasehold Improvements Total Accumulated Depreciation-Fixed Assets Total Depreciation Expense

Year 4 Useful Life Dep'n Expense Accu. Dep'n

Year 5 Carrying ValueDep'n Expense Accu. Dep'n

Year 6 Carrying ValueDep'n Expense Accu. Dep'n

Carrying Value

15,000.00 50,000.00 1,200.00

10 10 5

1,500.00 5,000.00 240.00

6,000.00 20,000.00 960.00

9,000.00 30,000.00 240.00

1,500.00 5,000.00 240.00

1,500.00 5,000.00 240.00

13,500.00 45,000.00 960.00

1,500.00 5,000.00 240.00

9,000.00 30,000.00 240.00

6,000.00 20,000.00 960.00

21,000.00 4,500.00

10 10

2,100.00 450.00

8,400.00 1,800.00

12,600.00 2,700.00

2,100.00 450.00

2,100.00 450.00

18,900.00 4,050.00

2,100.00 450.00

12,600.00 2,700.00

8,400.00 1,800.00

17,000.00 10,000.00 1,200.00

10 2 5

1,700.00 5,000.00

6,800.00 10,000.00

10,200.00 -

1,700.00 5,000.00

8,500.00 5,000.00

8,500.00 5,000.00

1,700.00 5,000.00

10,200.00 10,000.00

6,800.00 -

13,037.47 108,385.00 1,200.00 5,500.00

10 15 5 5

1,303.75 7,225.67 240.00 1,100.00

5,214.99 28,902.67 960.00 4,400.00

7,822.48 79,482.33 240.00 1,100.00

1,303.75 7,225.67 240.00 1,100.00

6,518.74 36,128.33 1,200.00 5,500.00

6,518.74 72,256.67 -

1,303.75 7,225.67 240.00 1,100.00

7,822.48 43,354.00 240.00 1,100.00

5,214.99 65,031.00 960.00 4,400.00

5 10 10 10 10

800.00 150.00 25,000.00 1,980.00 80,000.00

3,200.00 600.00 100,000.00 7,920.00 320,000.00

800.00 900.00 150,000.00 11,880.00 480,000.00

800.00 150.00 25,000.00 1,980.00 80,000.00

4,000.00 750.00 125,000.00 9,900.00 400,000.00

750.00 125,000.00 9,900.00 400,000.00

800.00 150.00 25,000.00 1,980.00 80,000.00

800.00 900.00 150,000.00 11,880.00 480,000.00

3,200.00 600.00 100,000.00 7,920.00 320,000.00

10

47,738.10

190,952.40

286,428.60 526,117.65

47,738.10

238,690.50

238,690.50 650,147.07

47,738.10

286,428.60

190,952.40 771,076.48

4,000.00 1,500.00 250,000.00 19,800.00 800,000.00 477,381.00

134,029.41

134,029.41

134,029.41

Appendix 4 Schedule of Depreciation of Fixed Assets

Magnum Inc. Schedule of Depreciation of Fixed Assets Years 7-10 Cost Office Assets Equipment 4-in-1 office machine Personal Computer Fire Extinguisher Furnitures and Fixtures Chairs,Tables (set of 8) Filing Cabinets Store Assets Equipment Point of Sale System Display Materials Fire Extinguisher Plant Assets Equipment Small UV Exposure Unit 20x24 4 Color 4 Station Manual Press Fire Extinguisher Paint Curing Machine Furniture and Fixtures Storage Cabinets Long Wood Tables Plant Building Plant Improvements Vehicle Intangibles: Leasehold Improvements Total Accumulated Depreciation-Fixed Assets Total Depreciation Expense

Year 7 Useful Life Dep'n Expense Accu. Dep'n

Year 8 Carrying ValueDep'n Expense Accu. Dep'n

Year 9 Carrying ValueDep'n Expense Accu. Dep'n

Year 10 Carrying ValueDep'n Expense Accu. Dep'n

Carrying Value

15,000.00 50,000.00 1,200.00

10 10 5

1,500.00 5,000.00 240.00

10,500.00 35,000.00 480.00

4,500.00 15,000.00 720.00

1,500.00 5,000.00 240.00

12,000.00 40,000.00 720.00

3,000.00 10,000.00 480.00

1,500.00 5,000.00 240.00

13,500.00 45,000.00 960.00

1,500.00 5,000.00 240.00

1,500.00 5,000.00 240.00

15,000.00 50,000.00 1,200.00

-

21,000.00 4,500.00

10 10

2,100.00 450.00

14,700.00 3,150.00

6,300.00 1,350.00

2,100.00 450.00

16,800.00 3,600.00

4,200.00 900.00

2,100.00 450.00

18,900.00 4,050.00

2,100.00 450.00

2,100.00 450.00

21,000.00 4,500.00

-

17,000.00 10,000.00 1,200.00

10 2 5

1,700.00 5,000.00

11,900.00 5,000.00

5,100.00 5,000.00

1,700.00 5,000.00

13,600.00 10,000.00

3,400.00 -

1,700.00 5,000.00

15,300.00 5,000.00

1,700.00 5,000.00

1,700.00 5,000.00 6,000.00

17,000.00 10,000.00 6,000.00

-

13,037.47 108,385.00 1,200.00 5,500.00

10 15 5 5

1,303.75 7,225.67 240.00 1,100.00

9,126.23 50,579.67 480.00 2,200.00

3,911.24 57,805.33 720.00 3,300.00

1,303.75 7,225.67 240.00 1,100.00

10,429.98 57,805.33 720.00 3,300.00

2,607.49 50,579.67 480.00 2,200.00

1,303.75 7,225.67 240.00 1,100.00

11,733.72 65,031.00 960.00 4,400.00

1,303.75 43,354.00 240.00 1,100.00

1,303.75 7,225.67 240.00 1,100.00

13,037.47 72,256.67 1,200.00 5,500.00

5 10 10 10 10

800.00 150.00 25,000.00 1,980.00 80,000.00

1,600.00 1,050.00 175,000.00 13,860.00 560,000.00

2,400.00 450.00 75,000.00 5,940.00 240,000.00

800.00 150.00 25,000.00 1,980.00 80,000.00

2,400.00 1,200.00 200,000.00 15,840.00 640,000.00

1,600.00 300.00 50,000.00 3,960.00 160,000.00

800.00 150.00 25,000.00 1,980.00 80,000.00

3,200.00 1,350.00 225,000.00 17,820.00 720,000.00

800.00 150.00 25,000.00 1,980.00 80,000.00

800.00 150.00 25,000.00 1,980.00 80,000.00

4,000.00 1,500.00 250,000.00 19,800.00 800,000.00

10

47,738.10

334,166.70

143,214.30 895,105.90

47,738.10

381,904.80

95,476.20 1,029,135.31

47,738.10

429,642.90

47,738.10 1,153,164.72

47,738.10

4,000.00 1,500.00 250,000.00 19,800.00 800,000.00 477,381.00

134,029.41

134,029.41

134,029.41

477,381.00 134,029.41

36,128.33 1,293,194.14

Appendix 5 Schedule of Salary and Benefits

MAGNUM INC. SALARY AND BENEFITS SCHEDULE YEAR 1 ADMINISTRATIVE EXPENSES POSITION NO. OF EMPLOYEES MONTHLY ANNUALLY TOTAL MONTHLY General/Operations Manager 1 25,000.00 300,000.00 300,000.00 Sales and Marketing Manager 1 15,000.00 180,000.00 180,000.00 Finance Manager 1 15,000.00 180,000.00 180,000.00 Production/Purchasing Manager 1 15,000.00 180,000.00 180,000.00 Human Resource Manager 1 15,000.00 180,000.00 180,000.00 Accountant 1 9,000.00 108,000.00 108,000.00 Cashier 1 7,000.00 84,000.00 84,000.00 Sales Personnel 2 7,000.00 84,000.00 168,000.00 Production Staff 3 6,000.00 72,000.00 216,000.00 Design Staff 1 7,000.00 84,000.00 84,000.00 PAYABLE AT YEAR END

1,680,000.00

YEAR 2

ADMINISTRATIVE EXPENSES POSITION NO. OF EMPLOYEES MONTHLY ANNUALLY TOTAL MONTHLY General/Operations Manager 1 25,000.00 300,000.00 300,000.00 Sales and Marketing Manager 1 15,000.00 180,000.00 180,000.00 Finance Manager 1 15,000.00 180,000.00 180,000.00 Production/Purchasing Manager 1 15,000.00 180,000.00 180,000.00 Human Resource Manager 1 15,000.00 180,000.00 180,000.00 Accountant 1 9,000.00 108,000.00 108,000.00 Cashier 1 7,000.00 84,000.00 84,000.00 Sales Personnel 2 7,000.00 84,000.00 168,000.00 Production Staff 3 6,000.00 72,000.00 216,000.00 Design Staff 1 7,000.00 84,000.00 84,000.00 PAYABLE AT YEAR END

ADMINISTRATIVE EXPENSES POSITION NO. OF EMPLOYEES MONTHLY ANNUALLY TOTAL MONTHLY General/Operations Manager 1 25,750.00 309,000.00 309,000.00 Sales and Marketing Manager 1 15,450.00 185,400.00 185,400.00 Finance Manager 1 15,450.00 185,400.00 185,400.00 Production/Purchasing Manager 1 15,450.00 185,400.00 185,400.00 Human Resource Manager 1 15,450.00 185,400.00 185,400.00 Accountant 1 9,270.00 111,240.00 111,240.00 Cashier 1 7,210.00 86,520.00 86,520.00 Sales Personnel 2 7,210.00 86,520.00 173,040.00 Production Staff 3 6,180.00 74,160.00 222,480.00 Design Staff 1 7,210.00 86,520.00 86,520.00 PAYABLE AT YEAR END

ADMINISTRATIVE EXPENSES POSITION NO. OF EMPLOYEES MONTHLY ANNUALLY TOTAL MONTHLY General/Operations Manager 1 26,522.50 318,270.00 318,270.00 Sales and Marketing Manager 1 15,913.50 190,962.00 190,962.00 Finance Manager 1 15,913.50 190,962.00 190,962.00 Production/Purchasing Manager 1 15,913.50 190,962.00 190,962.00 Human Resource Manager 1 15,913.50 190,962.00 190,962.00 Accountant 1 9,548.10 114,577.20 114,577.20 Cashier 1 7,426.30 89,115.60 89,115.60 Sales Personnel 2 7,426.30 89,115.60 178,231.20 Production Staff 3 6,365.40 76,384.80 229,154.40 Design Staff 1 7,426.30 89,115.60 89,115.60

PHILHEALTH CONTRIBUTION MONTHLY ANNUALLY TOTAL 11,040.00 312.50 3,750.00 11,040.00 187.50 2,250.00 11,040.00 187.50 2,250.00 11,040.00 187.50 2,250.00 11,040.00 187.50 2,250.00 6,672.00 112.50 1,350.00 5,216.40 87.50 1,050.00 10,432.80 87.50 1,050.00 13,464.00 75.00 900.00 5,216.40 87.50 1,050.00

11,040.00 11,040.00 11,040.00 11,040.00 11,040.00 7,035.60 5,216.40 10,432.80 13,464.00 5,216.40

PHILHEALTH CONTRIBUTION ANNUALLY TOTAL 312.50 3,750.00 187.50 2,250.00 187.50 2,250.00 187.50 2,250.00 187.50 2,250.00 112.50 1,350.00 87.50 1,050.00 87.50 1,050.00 75.00 900.00 87.50 1,050.00

1,782,312.00

13TH MONTH PAY ANNUALLY TOTAL 25,000.00 25,000.00 15,000.00 15,000.00 15,000.00 15,000.00 15,000.00 15,000.00 15,000.00 15,000.00 9,000.00 9,000.00 7,000.00 7,000.00 7,000.00 14,000.00 6,000.00 18,000.00 7,000.00 7,000.00

21,000.00

140,000.00

99,110.40

140,000.00

13TH MONTH PAY ANNUALLY TOTAL 3,750.00 25,750.00 25,750.00 2,250.00 15,450.00 15,450.00 2,250.00 15,450.00 15,450.00 2,250.00 15,450.00 15,450.00 2,250.00 15,450.00 15,450.00 1,350.00 9,270.00 9,270.00 1,050.00 7,210.00 7,210.00 2,100.00 7,210.00 14,420.00 2,700.00 6,180.00 18,540.00 1,050.00 7,210.00 7,210.00

1,937,201.60

144,200.00

1,937,201.60

214,140.00 214,140.00 128,895.60 99,996.40 199,992.80 257,184.00

1,992,165.20

13TH MONTH PAY ANNUALLY TOTAL 3,750.00 25,750.00 25,750.00 2,250.00 15,450.00 15,450.00 2,250.00 15,450.00 15,450.00 2,250.00 15,450.00 15,450.00 2,250.00 15,450.00 15,450.00 1,350.00 9,270.00 9,270.00 1,050.00 7,210.00 7,210.00 2,100.00 7,210.00 14,420.00 2,700.00 6,180.00 18,540.00 1,050.00 7,210.00 7,210.00 21,000.00

PHILHEALTH CONTRIBUTION MONTHLY ANNUALLY TOTAL 11,040.00 312.50 3,750.00 11,040.00 187.50 2,250.00 11,040.00 187.50 2,250.00 11,040.00 187.50 2,250.00 11,040.00 187.50 2,250.00 7,035.60 112.50 1,350.00 5,580.00 87.50 1,050.00 11,160.00 87.50 1,050.00 14,554.80 75.00 900.00 5,580.00 87.50 1,050.00

TOTAL PAYABLE AT YEAR END

13TH MONTH PAY ANNUALLY TOTAL 3,750.00 25,000.00 25,000.00 2,250.00 15,000.00 15,000.00 2,250.00 15,000.00 15,000.00 2,250.00 15,000.00 15,000.00 2,250.00 15,000.00 15,000.00 1,350.00 9,000.00 9,000.00 1,050.00 7,000.00 7,000.00 2,100.00 7,000.00 14,000.00 2,700.00 6,000.00 18,000.00 1,050.00 7,000.00 7,000.00

21,000.00

PHILHEALTH CONTRIBUTION MONTHLY ANNUALLY TOTAL 11,040.00 312.50 3,750.00 11,040.00 187.50 2,250.00 11,040.00 187.50 2,250.00 11,040.00 187.50 2,250.00 11,040.00 187.50 2,250.00 7,035.60 112.50 1,350.00 5,216.40 87.50 1,050.00 10,432.80 87.50 1,050.00 13,464.00 75.00 900.00 5,216.40 87.50 1,050.00 96,565.20

SSS CONTRIBUTION ANNUALLY TOTAL 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 586.30 7,035.60 465.00 5,580.00 465.00 5,580.00 404.30 4,851.60 465.00 5,580.00

3,750.00 2,250.00 2,250.00 2,250.00 2,250.00 1,350.00 1,050.00 2,100.00 2,700.00 1,050.00

21,000.00

MONTHLY

96,565.20

SSS CONTRIBUTION ANNUALLY TOTAL 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 586.30 7,035.60 434.70 5,216.40 434.70 5,216.40 374.00 4,488.00 434.70 5,216.40

1,730,400.00

YEAR 5

PHILHEALTH CONTRIBUTION ANNUALLY TOTAL 3,750.00 2,250.00 2,250.00 2,250.00 2,250.00 1,350.00 1,050.00 1,050.00 900.00 1,050.00

312.50 187.50 187.50 187.50 187.50 112.50 87.50 87.50 75.00 87.50

96,201.60

SSS CONTRIBUTION ANNUALLY TOTAL 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 586.30 7,035.60 434.70 5,216.40 434.70 5,216.40 374.00 4,488.00 434.70 5,216.40

1,730,400.00

YEAR 4

MONTHLY 11,040.00 11,040.00 11,040.00 11,040.00 11,040.00 6,672.00 5,216.40 10,432.80 13,464.00 5,216.40 96,201.60

SSS CONTRIBUTION ANNUALLY TOTAL 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 556.00 6,672.00 434.70 5,216.40 434.70 5,216.40 374.00 4,488.00 434.70 5,216.40

1,680,000.00

YEAR 3 ADMINISTRATIVE EXPENSES POSITION NO. OF EMPLOYEES MONTHLY ANNUALLY TOTAL MONTHLY General/Operations Manager 1 25,750.00 309,000.00 309,000.00 Sales and Marketing Manager 1 15,450.00 185,400.00 185,400.00 Finance Manager 1 15,450.00 185,400.00 185,400.00 Production/Purchasing Manager 1 15,450.00 185,400.00 185,400.00 Human Resource Manager 1 15,450.00 185,400.00 185,400.00 Accountant 1 9,270.00 111,240.00 111,240.00 Cashier 1 7,210.00 86,520.00 86,520.00 Sales Personnel 2 7,210.00 86,520.00 173,040.00 Production Staff 3 6,180.00 74,160.00 222,480.00 Design Staff 1 7,210.00 86,520.00 86,520.00 PAYABLE AT YEAR END

SSS CONTRIBUTION ANNUALLY TOTAL 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 556.00 6,672.00 434.70 5,216.40 434.70 5,216.40 374.00 4,488.00 434.70 5,216.40

144,200.00

13TH MONTH PAY ANNUALLY TOTAL 3,750.00 26,522.50 26,522.50 2,250.00 15,913.50 15,913.50 2,250.00 15,913.50 15,913.50 2,250.00 15,913.50 15,913.50 2,250.00 15,913.50 15,913.50 1,350.00 9,548.10 9,548.10 1,050.00 7,426.30 7,426.30 2,100.00 7,426.30 14,852.60 2,700.00 6,365.40 19,096.20 1,050.00 7,426.30 7,426.30 21,000.00

148,526.00

3,750.00 2,250.00 2,250.00 2,250.00 2,250.00 1,350.00 1,050.00 2,100.00 2,700.00 1,050.00

13TH MONTH PAY ANNUALLY TOTAL 26,522.50 26,522.50 15,913.50 15,913.50 15,913.50 15,913.50 15,913.50 15,913.50 15,913.50 15,913.50 9,548.10 9,548.10 7,426.30 7,426.30 7,426.30 14,852.60 6,365.40 19,096.20 7,426.30 7,426.30

21,000.00

148,526.00

1,992,165.20

220,165.50 220,165.50 132,510.90 103,171.90 206,343.80 265,505.40

2,050,948.40

PAYABLE AT YEAR END

YEAR 6 ADMINISTRATIVE EXPENSES POSITION NO. OF EMPLOYEES MONTHLY ANNUALLY TOTAL MONTHLY General/Operations Manager 1 26,522.50 318,270.00 318,270.00 Sales and Marketing Manager 1 15,913.50 190,962.00 190,962.00 Finance Manager 1 15,913.50 190,962.00 190,962.00 Production/Purchasing Manager 1 15,913.50 190,962.00 190,962.00 Human Resource Manager 1 15,913.50 190,962.00 190,962.00 Accountant 1 9,548.10 114,577.20 114,577.20 Cashier 1 7,426.30 89,115.60 89,115.60 Sales Personnel 2 7,426.30 89,115.60 178,231.20 Production Staff 3 6,365.40 76,384.80 229,154.40 Design Staff 1 7,426.30 89,115.60 89,115.60 PAYABLE AT YEAR END

1,782,312.00

YEAR 7 ADMINISTRATIVE EXPENSES POSITION NO. OF EMPLOYEES MONTHLY ANNUALLY TOTAL MONTHLY General/Operations Manager 1 27,318.18 327,818.10 327,818.10 Sales and Marketing Manager 1 16,390.91 196,690.86 196,690.86 Finance Manager 1 16,390.91 196,690.86 196,690.86 Production/Purchasing Manager 1 16,390.91 196,690.86 196,690.86 Human Resource Manager 1 16,390.91 196,690.86 196,690.86 Accountant 1 9,834.54 118,014.52 118,014.52 Cashier 1 7,649.09 91,789.07 91,789.07 Sales Personnel 2 7,649.09 91,789.07 183,578.14 Production Staff 3 6,556.36 78,676.34 236,029.03 Design Staff 1 7,649.09 91,789.07 91,789.07 PAYABLE AT YEAR END

ADMINISTRATIVE EXPENSES POSITION NO. OF EMPLOYEES MONTHLY ANNUALLY TOTAL MONTHLY General/Operations Manager 1 27,318.18 327,818.10 327,818.10 Sales and Marketing Manager 1 16,390.91 196,690.86 196,690.86 Finance Manager 1 16,390.91 196,690.86 196,690.86 Production/Purchasing Manager 1 16,390.91 196,690.86 196,690.86 Human Resource Manager 1 16,390.91 196,690.86 196,690.86 Accountant 1 9,834.54 118,014.52 118,014.52 Cashier 1 7,649.09 91,789.07 91,789.07 Sales Personnel 2 7,649.09 91,789.07 183,578.14 Production Staff 3 6,556.36 78,676.34 236,029.03 Design Staff 1 7,649.09 91,789.07 91,789.07

ADMINISTRATIVE EXPENSES POSITION NO. OF EMPLOYEES MONTHLY ANNUALLY TOTAL MONTHLY General/Operations Manager 1 28,137.72 337,652.64 337,652.64 Sales and Marketing Manager 1 16,882.63 202,591.59 202,591.59 Finance Manager 1 16,882.63 202,591.59 202,591.59 Production/Purchasing Manager 1 16,882.63 202,591.59 202,591.59 Human Resource Manager 1 16,882.63 202,591.59 202,591.59 Accountant 1 10,129.58 121,554.95 121,554.95 Cashier 1 7,878.56 94,542.74 94,542.74 Sales Personnel 2 7,878.56 94,542.74 189,085.48 Production Staff 3 6,753.05 81,036.63 243,109.90 Design Staff 1 7,878.56 94,542.74 94,542.74 PAYABLE AT YEAR END

ADMINISTRATIVE EXPENSES POSITION NO. OF EMPLOYEES MONTHLY ANNUALLY TOTAL MONTHLY General/Operations Manager 1 28,137.72 337,652.64 337,652.64 Sales and Marketing Manager 1 16,882.63 202,591.59 202,591.59 Finance Manager 1 16,882.63 202,591.59 202,591.59 Production/Purchasing Manager 1 16,882.63 202,591.59 202,591.59 Human Resource Manager 1 16,882.63 202,591.59 202,591.59 Accountant 1 10,129.58 121,554.95 121,554.95 Cashier 1 7,878.56 94,542.74 94,542.74 Sales Personnel 2 7,878.56 94,542.74 189,085.48 Production Staff 3 6,753.05 81,036.63 243,109.90 Design Staff 1 7,878.56 94,542.74 94,542.74 PAYABLE AT YEAR END

1,890,854.80

MONTHLY 11,040.00 11,040.00 11,040.00 11,040.00 11,040.00 7,400.40 5,580.00 11,160.00 14,554.80 5,580.00

PHILHEALTH CONTRIBUTION ANNUALLY TOTAL 312.50 3,750.00 200.00 2,400.00 200.00 2,400.00 200.00 2,400.00 200.00 2,400.00 112.50 1,350.00 87.50 1,050.00 87.50 1,050.00 75.00 900.00 87.50 1,050.00

PHILHEALTH CONTRIBUTION MONTHLY ANNUALLY TOTAL 11,040.00 312.50 3,750.00 11,040.00 200.00 2,400.00 11,040.00 200.00 2,400.00 11,040.00 200.00 2,400.00 11,040.00 200.00 2,400.00 7,400.40 112.50 1,350.00 5,580.00 87.50 1,050.00 11,160.00 87.50 1,050.00 14,554.80 75.00 900.00 5,580.00 87.50 1,050.00 99,475.20

SSS CONTRIBUTION ANNUALLY TOTAL 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 616.70 7,400.40 495.30 5,943.60 495.30 5,943.60 434.70 5,216.40 495.30 5,943.60

1,890,854.80

YEAR 10

PHILHEALTH CONTRIBUTION ANNUALLY TOTAL 3,750.00 2,250.00 2,250.00 2,250.00 2,250.00 1,350.00 1,050.00 1,050.00 900.00 1,050.00

312.50 187.50 187.50 187.50 187.50 112.50 87.50 87.50 75.00 87.50

99,475.20

SSS CONTRIBUTION ANNUALLY TOTAL 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 616.70 7,400.40 465.00 5,580.00 465.00 5,580.00 404.30 4,851.60 465.00 5,580.00

1,835,781.36

YEAR 9

MONTHLY 11,040.00 11,040.00 11,040.00 11,040.00 11,040.00 7,035.60 5,580.00 11,160.00 14,554.80 5,580.00 99,110.40

SSS CONTRIBUTION ANNUALLY TOTAL 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 616.70 7,400.40 465.00 5,580.00 465.00 5,580.00 404.30 4,851.60 465.00 5,580.00

1,835,781.36

YEAR 8

PAYABLE AT YEAR END

SSS CONTRIBUTION ANNUALLY TOTAL 11,040.00 11,040.00 11,040.00 11,040.00 11,040.00 7,035.60 5,580.00 5,580.00 4,851.60 5,580.00

920.00 920.00 920.00 920.00 920.00 586.30 465.00 465.00 404.30 465.00

PHILHEALTH CONTRIBUTION MONTHLY ANNUALLY TOTAL 11,040.00 312.50 3,750.00 11,040.00 200.00 2,400.00 11,040.00 200.00 2,400.00 11,040.00 200.00 2,400.00 11,040.00 200.00 2,400.00 7,400.40 125.00 1,500.00 5,943.60 87.50 1,050.00 11,887.20 87.50 1,050.00 15,649.20 75.00 900.00 5,943.60 87.50 1,050.00 102,024.00

SSS CONTRIBUTION ANNUALLY TOTAL 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 920.00 11,040.00 616.70 7,400.40 495.30 5,943.60 495.30 5,943.60 434.70 5,216.40 495.30 5,943.60

PHILHEALTH CONTRIBUTION MONTHLY ANNUALLY TOTAL 11,040.00 312.50 3,750.00 11,040.00 200.00 2,400.00 11,040.00 200.00 2,400.00 11,040.00 200.00 2,400.00 11,040.00 200.00 2,400.00 7,400.40 125.00 1,500.00 5,943.60 87.50 1,050.00 11,887.20 87.50 1,050.00 15,649.20 75.00 900.00 5,943.60 87.50 1,050.00 102,024.00

13TH MONTH PAY ANNUALLY TOTAL 3,750.00 27,318.18 27,318.18 2,400.00 16,390.91 16,390.91 2,400.00 16,390.91 16,390.91 2,400.00 16,390.91 16,390.91 2,400.00 16,390.91 16,390.91 1,350.00 9,834.54 9,834.54 1,050.00 7,649.09 7,649.09 2,100.00 7,649.09 15,298.18 2,700.00 6,556.36 19,669.09 1,050.00 7,649.09 7,649.09 21,600.00

152,981.78

2,050,948.40

226,521.77 226,521.77 136,599.46 106,068.16 212,136.31 272,952.92

2,109,838.34

13TH MONTH PAY ANNUALLY TOTAL 3,750.00 27,318.18 27,318.18 2,400.00 16,390.91 16,390.91 2,400.00 16,390.91 16,390.91 2,400.00 16,390.91 16,390.91 2,400.00 16,390.91 16,390.91 1,350.00 9,834.54 9,834.54 1,050.00 7,649.09 7,649.09 2,100.00 7,649.09 15,298.18 2,700.00 6,556.36 19,669.09 1,050.00 7,649.09 7,649.09 21,600.00

152,981.78

2,109,838.34

13TH MONTH PAY ANNUALLY TOTAL 3,750.00 28,137.72 28,137.72 2,400.00 16,882.63 16,882.63 2,400.00 16,882.63 16,882.63 2,400.00 16,882.63 16,882.63 2,400.00 16,882.63 16,882.63 1,500.00 10,129.58 10,129.58 1,050.00 7,878.56 7,878.56 2,100.00 7,878.56 15,757.12 2,700.00 6,753.05 20,259.16 1,050.00 7,878.56 7,878.56 21,750.00

157,571.23

13TH MONTH PAY ANNUALLY TOTAL 3,750.00 28,137.72 28,137.72 2,400.00 16,882.63 16,882.63 2,400.00 16,882.63 16,882.63 2,400.00 16,882.63 16,882.63 2,400.00 16,882.63 16,882.63 1,500.00 10,129.58 10,129.58 1,050.00 7,878.56 7,878.56 2,100.00 7,878.56 15,757.12 2,700.00 6,753.05 20,259.16 1,050.00 7,878.56 7,878.56 21,750.00

157,571.23

2,172,200.03

232,914.22 232,914.22 140,584.93 109,414.90 218,829.80 281,718.26

2,172,200.03

Appendix 6 Yearly Miscellaneous Expense Schedule

Magnum Inc. Yearly Miscellaneous Expenses For Years 1-10 Legal Fee- Business Permit Mayor's Permit City Tax Garbage Fee Sanitary Fee Building Inspection Fee Electrical Inspection Fee Plumbing Inspection Fee Signboard Fire Inspection Fee Plate/Sticker Zoning Fee Total Business Permit Cost

Initial Costs 200.00 3,000.00 2,600.00 450.00 50.00 20.00 7.00 50.00 200.00 250.00 545.00 7,372.00

Appendix 7 Schedule of Supplies Expense

Magnum Inc. Initial Supplies Expense Supplies Expense Office Supplies Bond Paper Pens Tape Stapler Staple Wire Paper clips Printer Ink Invoice Booklets Scissors Memo Pads Total Office Supplies Expense Cleaning Supplies Trash Cans Door Mats Garbage Bags Bathroom Deodorizer Wet Mop Dry Mop Liquid Hand Soap Paper Towel Tissue Paper Pail Broom Dust Pans Total Cleaning Supplies Expenses Total Initial Supplies Expenses

Qty.

Unit

Unit Cost Total Cost

5 20 5 3 5 2 3 12 3 12

reams pcs. rolls pcs. boxes boxes boxes pads pcs. pcs.

156.25 6.00 17.50 80.00 16.75 30.75 3000.00 24.50 47.50 14.50

781.25 120.00 87.50 240.00 83.75 61.50 9,000.00 294.00 142.50 174.00 10,984.50

6 10 20 6 5 5 12 24 10 5 5 5

pcs. pcs. 10 pcs pcs. pcs. pcs. bottles packs dz pcs. pcs. pcs.

100.00 40.00 48.45 33.15 286.00 286.00 60.00 20.00 60.00 51.25 52.50 30.00

600.00 400.00 969.00 198.90 1,430.00 1,430.00 720.00 480.00 600.00 256.25 262.50 150.00 7,496.65 18,481.15

Appendix 7 Schedule of Supplies Expense

Magnum Inc. Yearly Supplies Expense Years 1-10 Supplies Expense Office Supplies Bond Paper Pens Tape Staple Wire Paper clips Printer Ink Invoice Booklets Memo Pads Total Office Supplies Expense Cleaning Supplies Door Mats Garbage Bags Bathroom Deodorizer Wet Mop Dry Mop Liquid Hand Soap Paper Towel Tissue Paper Broom Dust Pans Total Cleaning Supplies Expenses Total Supplies Expenses

Qty.

Unit

Unit Cost Total Cost

5 20 5 5 2 3 12 12

reams pcs. rolls boxes boxes boxes pads pcs.

156.25 6.00 17.50 16.75 30.75 3000.00 24.50 14.50

781.25 120.00 87.50 83.75 61.50 9,000.00 294.00 174.00 10,602.00

10 20 6 5 5 12 24 10 5 5

pcs. 10 pcs pcs. pcs. pcs. bottles packs dz pcs. pcs.

40.00 48.45 33.15 286.00 286.00 60.00 20.00 60.00 52.50 30.00

400.00 969.00 198.90 1,430.00 1,430.00 720.00 480.00 600.00 262.50 150.00 6,640.40 17,242.40

Appendix 8 Schedule of Rental Expenses

Magnum Inc. Schedule of Rental Payments Year 1-10 Year Basic Rent (monthly) Total Annual Rental Expense *inflation

1 43,960.00 527,520.00 7.50%

2 47,257.00 567,084.00

3 50,801.28 609,615.30

4 54,611.37 655,336.45

5 58,707.22 704,486.68

6 63,110.27 757,323.18

7 67,843.54 814,122.42

8 72,931.80 875,181.60

9 78,401.69 940,820.22

10 84,281.81 1,011,381.74

Appendix 9 Schedule of Utilities Expense

MAGNUM INC. Schedule of Utilities Expense Utilities Expense Electricity Water Gasoline Telephone Total Accrued expense at year end Expense escalation

1.02

Year 1

Year 2

Year 3

Year 4

Year 5

180,000.00 48,000.00 42,000.00 18,000.00 288,000.00

183,600.00 48,960.00 42,840.00 18,360.00 293,760.00

187,272.00 49,939.20 43,696.80 18,727.20 299,635.20

191,017.44 50,937.98 44,570.74 19,101.74 305,627.90

194,837.79 51,956.74 45,462.15 19,483.78 311,740.46

24,000.00

24,480.00

24,969.60

25,468.99

25,978.37

Year 6

Year 7

Year 8

Year 9

198,734.54 52,995.88 46,371.39 19,873.45 317,975.27

202,709.24 54,055.80 47,298.82 20,270.92 324,334.78

206,763.42 55,136.91 48,244.80 20,676.34 330,821.47

210,898.69 56,239.65 49,209.69 21,089.87 337,437.90

26,497.94

27,027.90

27,568.46

28,119.83

Appendix 9 Schedule of Utilities Expense

MAGNUM INC.

Schedule of Utilities Expense Year 10 215,116.66 57,364.44 50,193.89 21,511.67 344,186.66 28,682.22

Appendix 10 Sales Forecast

Magnum inc.

SALES FORECAST (YEAR 1-10) YEAR Production Volume Estimated Percentage of items sold (at regular price) Sold units (at regular price) Average Selling Price Revenue From regular Sales Unsold Items from Previous year Units Available for Discount Sale (50% discount) Percentage sold (at discount price) Sold units (at discount price) Selling Price (at discount) Revenue From Year-End Sale Total Sales (in units) Total Sales (in peso)

Year 1 30,983 40% 12,393 350 4,337,620.00 0 18,590 65% 12,083 175 2,114,589.75 24,477 6,452,209.75

Year 2 26,505 42.00% 11,132 350 3,896,235.00 6,506 21,879 68.25% 14,933 175 2,613,212.48 26,065 6,509,447.48

Year 3 31,896 44.10% 14,066 350 4,923,147.60 440 18,270 71.66% 13,093 175 2,291,244.49 27,159 7,214,392.09

Year 4 32,267 46.31% 14,941 350 5,229,432.02 4,737 22,063 75.25% 16,601 175 2,905,226.58 31,543 8,134,658.60

Year 5 36,412 48.62% 17,704 350 6,196,261.90 724 19,433 79.01% 15,354 175 2,686,862.52 33,057 8,883,124.42

Year 6 37,395 51.05% 19,091 350 6,681,716.86 3,355 21,659 82.96% 17,968 175 3,144,429.14 37,059 9,826,146.01

Year 7 40,352 53.60% 21,630 350 7,570,575.50 336 19,058 87.11% 16,601 175 2,905,122.70 38,231 10,475,698.20

Year 8 44,248 56.28% 24,905 350 8,716,593.13 2,121 21,465 91.46% 19,632 175 3,435,562.94 44,536 12,152,156.07

Year 9 45,245 59.10% 26,739 350 9,358,646.02 -288 18,218 96.03% 17,495 175 3,061,671.99 44,234 12,420,318.01

Year 10 49,032 62.05% 30,426 350 10,649,061.51 1,011 19,617 101% 19,781 175 3461660.17 50,207 14,110,721.68

Appendix 11 Cost of Goods Sold Schedule

MAGNUM INC. COST OF GOODS SOLD SCHEDULE (YEARS 1-5) cost/unit CGS from Regular Sales CGS from Discount Sales sold items from last year sold items from present year TOTAL COST OF GOODS SOLD

Year 1 Year 2 Year 3 Year 4 Year 5 units sold total cost cost/unit units sold total cost cost/unit units sold total cost cost/unit units sold total cost cost/unit units sold total cost 95.08 12,393 1,178,286 106.70 11,132 1,187,741 104.08 14,066 1,463,944 104.82 14,941 1,566,171 96.75 17,704 1,712,901 12,083 14,933 13,093 16,601 15,354 95.08 6,506 618,600 106.70 440 46,973 104.08 4,737 493,011 104.82 724 75,941 95.08 12,083 1,148,828 106.70 8,426 899,036 104.08 12,653 1,316,826 104.82 11,864 1,243,636 96.75 14,629 1,415,422 2,327,114.13 2,705,377.35 2,827,743.43 3,302,817.11 3,204,263.05

Appendix 11 Cost of Goods Sold Schedule

MAGNUM INC. COST OF GOODS SOLD SCHEDULE (YEARS 6-10) CGS from Regular Sales CGS from Discount Sales sold items from last year sold items from present year TOTAL COST OF GOODS SOLD

Year 6 Year 7 Year 8 Year 9 Year 10 cost/unit units sold total cost cost/unit units sold total cost cost/units units sold total cost cost/unit units sold total cost cost/unit units sold total cost 97.58 19,091 1,862,951 98.93 21,630 2,139,774 98.19 24,905 2,445,499 99.72 26,739 2,666,460 100.07 30,426 3,044,677 17,968 16,601 19,632 17,495 19,781 96.75 3,355 324,601 97.58 336 32,809 98.93 2,121 209,829 98.19 -288 (28,314) 99.72 1,011 100,793 97.58 14,613 1,426,031 98.93 16,264 1,608,968 98.19 17,511 1,719,461 99.72 17,784 1,773,413 100.07 18,770 1,878,305 3,613,582.34 3,781,551.76 4,374,788.59 4,411,560.11 5,023,775.53

Appendix 12 Product Costing Schedule

MAGNUM INC. PRODUCT COSTING (Year 1-5) YEAR 1 units produced per unit cost

cost DIRECT MATERIALS: Cost of t-shirt Cost of Paint Total Per Unit Cost-DM DIRECT LABOR yearly salary and benefits of production staff Annual Production Total Per Unit Cost-DL OVERHEAD Photo emulsion Table Adhesive Thickener Binder Screen Frame Design Positive Salary- Prod. / Purchasing Manager Utilities Expense Dep'n Expense-Plant Dep'n Expense-Plant Assets & Vehicle Total Overhead Cost Yearly Production in Units Total Per Unit Cost-OH TOTAL PER UNIT COST

62.2 540

1 100

62.2 5.4 67.6

208,290.00

YEAR 2 units produced

cost 63.44 540

1 100

per unit cost 63.44 5.4 68.84

208,290.00 30,983

YEAR 3 units produced per unit cost

cost 64.71 540

34,700.96 2,013.90 7,435.92 3,253.22 58,093.13 44,925.35 30,983.00 250,164.00 288,000.00 1,980.00 125,105.13 846,654.59 30,983

64.71 5.4 70.11

257,184.00 26,505

0.15

1 100

YEAR 4 units produced per unit cost

cost 66.01 540

25,617.76 1,486.75 5,489.52 2,401.67 42,886.88 33,165.85 22,873.00 250,164.00 293,760.00 1,980.00 115,235.71 795,061.13 26,505

66.01 5.4 71.41

257,184.00 31,896

7.86

1 100

cost 67.33 540

35,451.36 2,057.45 7,596.72 3,323.57 59,349.38 45,896.85 31,653.00 214,140.00 299,635.20 1,980.00 125,105.13 826,188.64 31,896

1 100

67.33 5.4 72.73

257,184.00 32,267

8.06

YEAR 5 units produced per unit cost

36,412 7.97

33,297.60 1,932.45 7,135.20 3,121.65 55,743.75 43,108.50 29,730.00 214,140.00 305,627.90 1,980.00 125,105.13 820,922.18 32,267

0.14

40,290.88 2,338.31 8,633.76 3,777.27 67,451.25 52,162.30 35,974.00 220,165.50 311,740.46 1,980.00 125,105.13 869,618.86 36,412

27.33

30.00

25.90

25.44

23.88

95.08

106.70

104.08

104.82

96.75

Appendix 12 Product Costing Schedule

MAGNUM INC. PRODUCT COSTING (Year 6-10) cost DIRECT MATERIALS: Cost of t-shirt Cost of Paint Total Per Unit Cost-DM DIRECT LABOR yearly salary and benefits of production staff Annual Production Total Per Unit Cost-DL OVERHEAD Photo emulsion Table Adhesive Thickener Binder Screen Frame Design Positive Salary- Prod. / Purchasing Manager Utilities Expense Dep'n Expense-Plant Dep'n Expense-Plant Assets & Vehicle Total Overhead Cost Yearly Production in Units Total Per Unit Cost-OH TOTAL PER UNIT COST

68.67 540

YEAR 6 units produced per unit cost 1 100

68.67 5.4 74.07

257,184.00

cost 70.75 540

YEAR 7 units produced per unit cost 1 100

70.75 5.4 76.15

272,952.92 37,395

cost 71.45 540

39,915.68 2,316.54 8,553.36 3,742.10 66,823.13 51,676.55 35,639.00 220,165.50 317,975.27 1,980.00 125,105.13 873,892.24 37,395

1 100

71.45 5.4 76.85

272,952.92 40,352

0.15

YEAR 8 units produced per unit cost

cost 72.88 540

44,975.84 2,610.21 9,637.68 4,216.49 75,294.38 58,227.65 40,157.00 226,521.77 324,334.78 1,980.00 125,105.13 913,060.90 40,352

1 100

72.88 5.4 78.28

281,718.26 44,248

0.15

YEAR 9 units produced per unit cost

cost 74.33 540

48,370.56 2,807.22 10,365.12 4,534.74 80,977.50 62,622.60 43,188.00 226,521.77 330,821.47 1,980.00 125,105.13 937,294.11 44,248

1 100

74.33 5.4 79.73

281,718.26 45,245

0.16

YEAR 10 units produced per unit cost

49,032 0.16

50,774.08 2,946.71 10,880.16 4,760.07 85,001.25 65,734.30 45,334.00 232,914.22 337,437.90 1,980.00 125,105.13 962,867.82 45,245

0.17

54,426.40 3,158.68 11,662.80 5,102.48 91,115.63 70,462.75 48,595.00 232,914.22 344,186.66 1,980.00 125,105.13 988,709.73 49,032

23.37

22.63

21.18

21.28

20.16

97.58

98.93

98.19

99.72

100.07

Appendix 12 IRR Computation

Magnum, Incorporated Computation of Internal Rate of Return Year 0 1 2 3 4 5 6 7 8 9 10 IRR

Year-End Cash Flow (2,993,034.21) 386,045.20 828,443.35 41,503.43 1,172,492.22 1,014,850.32 1,852,902.19 1,517,128.74 2,752,865.75 2,043,094.55 3,156,941.25 29%

Appendix 13 NPV Computation

Magnum. Incorporated Computation of Net Present Value Magnum's Cost of Capital Year 0 1 2 3 4 5 6 7 8 9 10 NPV

20%

Year-End Cash Flow (2,993,034.21) 386,045.20 828,443.35 41,503.43 1,172,492.22 1,014,850.32 1,852,902.19 1,517,128.74 2,752,865.75 2,043,094.55 3,156,941.25 $1,491,273.39

Appendix 14 Payback Period

Magnum, Incorporated Computation of Payback Period Project Cost Year 1 2 3 4 5 6 7 8 9 10 Payback Period

(2,993,034.21) Cumulative Balance Year- End Cash Flow (2,993,034.21) 386,045.20 (2,606,989.01) 828,443.35 (1,778,545.66) 41,503.43 (1,737,042.22) 1,172,492.22 (564,550.01) 1,014,850.32 0 1,852,902.19 1,517,128.74 Total 2,752,865.75 2,043,094.55 3,156,941.25 4.56 years

Year 1 1 1 1 -0.56 4.56

Appendix 15 Financial Ratios

MAGNUM INC. Financial Ratios Years 1

2

3

4

5

6

7

8

9

10

Liquidity Ratios Current Ratio Quick Ratio

5.01 1.83

8.62 7.69

7.06 4.68

7.33 6.71

2.95 2.21

4.07 3.84

5.30 4.93

6.00 5.98

7.52 7.35

8.12 8.10

Activity Ratios Inventory Turnover Total Asset Turnover

5.34 1.83

5.36 1.87

6.64 1.86

7.13 1.85

8.85 2.61

10.60 2.09

13.80 1.72

23.02 1.47

38.23 1.22

40.90 1.09

Debt Ratios Debt Ratio Debt to Equity Ratio

0.67 2.04

0.65 1.87

0.62 1.60

0.56 1.28

0.19 0.24

0.18 0.22

0.15 0.18

0.15 0.17

0.12 0.14

0.12 0.13

53.22% 7.05% 4.03% 2.89

47.72% 1.36% 0.78% 0.56

50.09% 6.81% 3.89% 3.12

48.68% 9.53% 5.45% 4.92

53.21% 16.00% 9.14% 9.02

52.51% 18.16% 12.35% 13.48

53.19% 19.75% 13.43% 15.63

53.29% 23.72% 16.13% 21.78

53.69% 23.81% 15.39% 21.32

53.80% 26.56% 18.06% 28.17

7.38% 8.68%

1.46% 4.37%

7.24% 23.20%

10.05% 29.71%

23.81% 41.96%

25.83% 44.18%

23.05% 36.46%

23.77% 37.94%

18.81% 27.31%

19.66% 28.34%

Profitability Ratios Gross Profit Margin Operating Profit Margin Net Profit Margin EPS Return on Assets Return on Equity

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