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2019 Financial Statements Overview

The document contains financial statements for 3TP Merchandise as of December 31, 2019 including a statement of financial position, statement of income, and statement of cash flows. The statement of financial position shows total assets of ### PHP with current assets of ### PHP and non-current assets of ### PHP. Total liabilities are ### PHP and owner's equity is ### PHP. The statement of income shows revenue, cost of services, gross profit, operating expenses and net income. The statement of cash flows shows cash flows from operating, investing and financing activities for the period ended December 31, 2019.

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18 views3 pages

2019 Financial Statements Overview

The document contains financial statements for 3TP Merchandise as of December 31, 2019 including a statement of financial position, statement of income, and statement of cash flows. The statement of financial position shows total assets of ### PHP with current assets of ### PHP and non-current assets of ### PHP. Total liabilities are ### PHP and owner's equity is ### PHP. The statement of income shows revenue, cost of services, gross profit, operating expenses and net income. The statement of cash flows shows cash flows from operating, investing and financing activities for the period ended December 31, 2019.

Uploaded by

Lost Student
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

STATEMENT OF FINANCIAL POSITION

As of December 31, 2019


(In Philippine Peso)

NOTES 2019 2018


ASSETS

CURRENT ASSETS
Cash and Cash Equivalents ###
Total Current Assets ###

NON-CURRENT ASSETS
Property and Equipment 4 ###
Less: Accum. Depreciation ###
Total Non-Current Assets ###
TOTAL ASSETS ###

LIABILITIES AND OWNER'S EQUITY

CURRENT LIABILITIES
AutoLoan Payable ###

Total Liabilities ###

OWNER'S EQUITY
S.P. Navarrosa, Beg ###
Add: Add'l Capital ###
###
Less: Net Loss ###
Withdrawal ###
S.P. Navarrosa, End ###
TOTAL LIABILITIES & OWNER'S EQUITY ###
(See accompanying Notes to Financial Statements)

1
3TP MERCHANDISE
SIXTO P. NAVARROSA
STATEMENT OF INCOME
For the period ended December 31, 2019
(In Philippine Peso)

NOTES 2019 2018

CATERING SERVICES REVENUE

LESS: COST OF SERVICES 5

GROSS PROFIT

LESS: OPERATING EXPENSES 6

NET INCOME/(LOSS) BEFORE TAX

PROVISION FOR INCOME TAX

NET INCOME FOR THE YEAR


(See accompanying Notes to Financial Statements)

2
3TP MERCHANDISE
SIXTO P. NAVARROSA
STATEMENT OF CASH FLOWS
For the period ended December 31, 2019
(In Philippine Peso)

2019 2018

NET INCOME

Adjustment to reconcile net income to net cash provided by operations:

Depreciation

Net Cash provided by operations:

Cash flow from investing activities:


Purchase of Office and Kitchen Equipment
Purchase of Service Vehicle
Additional Capital
Withdrawal

Cash Flow from Financing Activities


Payment of Autoloan Payable

Net Cash from Investing and Financing activities

NET INCREASE (DECREASE) IN CASH

Proof:

CASH BALANCE - as of January 01

CASH BALANCE - as of December 31

INCREASE(DECREASE) IN CASH BALANCE

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