Vuico Printing Services
Vuico Printing Services
Vuico Printing Services
Note
ASSETS
Current Assets
Cash & Cash Equivalents 1 108,108.14
Prepayments 2 40,786.75
Total 148,894.89
100
82
-
82
VUICO
PROJECTED STATEMENT OF COMPREHENSIVE INCOME
For the year ended December 31, 2020
Note
Income 7 1,742,940.00
Less: Cost of Service 8 1,002,107.00
Gross Income 740,833.00
Less: Operating Expense 9 730,998.44
Net Income Before Tax 9,834.56
Income Tax Expense 10 2,950.37
101
0.425047908
-
VUICO
PROJECTED STATEMENT OF CASH FLOWS
For the year ended December 31, 2020
Note
Increase/(Decrease) In:
Accrued Expense 18,859.55
Income Tax Payable 2,950.37
W/holding Tax Payable 600.00
SSS/PHIC/HDMF W/held 3,517.50
Cash Generated from Operations 31,358.51
102
-
VUICO
PROJECTED STATEMENT OF CHANGES IN PARTNER'S EQUITY
For the year ended December 31, 2020
Sharing of Capital
Partner 1's Share 63,376.84
Partner 2's Share 63,376.84
Partner 3's Share 63,376.84
Partner 4's Share 63,376.84
Partner 5's Share 63,376.84
Total Share 316,884.19
103
Note 1- Cash & Cash Equivalents
This account consists of the following:
Note 2- Prepayments
This account consists of the following:
Leasehold
Delivery Furnitures
Improveme
Equipment & Fixtures
nts
Cost
January 8 60,000.00 16,800.00 12,500.00
Additions
Disposal/ Adjustments
December 31 60,000.00 16,800.00 12,500.00
Note 7- Revenue
This account consists of the following:
129,000.00 218,300.00
129,000.00 218,300.00
-
21,500.04 36,383.28
21,500.04 36,383.28
107,499.96 181,916.72
-
Year 2020
Year 2020
Total
May 2020 Jun 2020 Jul 2020 Aug 2020 Sept 2020 Oct 2020 Nov 2020 Dec 2020 Depreciatio
n
833.33 833.33 833.33 833.33 833.33 833.33 833.33 833.33 9,999.96
233.33 233.33 233.33 233.33 233.33 233.33 233.33 233.33 2,799.96
173.61 173.61 173.61 173.61 173.61 173.61 173.61 173.61 2,083.32
1,791.67 1,791.67 1,791.67 1,791.67 1,791.67 1,791.67 1,791.67 1,791.67 21,500.04
### ### ### ### ### ### ### ### 36,383.28
Book value
50,000.04
14,000.04
10,416.68
107,499.96
###