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Redoble Medical Clinic Income Statement

The Redoble Medical Clinic earned a total net income of P140,048.70 in 2007. Their gross income from clinic and professional services was P450,705.00. Their operating expenses totaled P387,606.30. They also earned P76,950 in agricultural income. As of December 31, 2007 their total assets were P1,847,678.70 and their total liabilities and capital was also P1,847,698.70.

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2K views2 pages

Redoble Medical Clinic Income Statement

The Redoble Medical Clinic earned a total net income of P140,048.70 in 2007. Their gross income from clinic and professional services was P450,705.00. Their operating expenses totaled P387,606.30. They also earned P76,950 in agricultural income. As of December 31, 2007 their total assets were P1,847,678.70 and their total liabilities and capital was also P1,847,698.70.

Uploaded by

api-3836762
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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  • Financial Statements for 2007
  • Comparative Income Statement 2006-2007

REDOBLE MEDICAL CLINIC

Poblacion Buug Zamboanga Sibugay


TIN #: 110-673-173

INCOME STATEMENT
For the Year Ended Dec.31 2007

Gross Income:
Clinic/Professional Services P 450,705.00
Less: Operating Expenses
Salary/Wages P 90,000.00
Taxes/Licenses 22,221.35
SSS & Phil. Health Premium 10,176.00
Lights & Water Bill 30,549.37
Dietary Expenses 98,155.20
Medical Supplies 77,873.28
Office Supplies 6,760.50
Postage & Communications 3,605.65
Fuel & Oil Used 14,873.25
Depreciation 27,800.00
Miscellaneous & Others 5,591.70 P 387,606.30

NET INCOME P 63,098.70


ADD: Other Income
Agri Income P 85,500.00
Less: 10 % OSD 8,550.00 76,950.00
TOTAL NET INCOME P 140,048.70
BALANCE SHEET
December 31, 2007

ASSETS
Current Assets
Cash P 40,198.70
Account Receivable 22,900.00

Fixes Assets:
Building P 900,600.00
Service Jeep 72,000.00
Motorcycle 43,200.00
Furniture & fixtures 62,800.00
TOTAL: P 1,078.000.00
Less [Link] P 135,600.00
27,800.00 163,400.00 P 914,600.00
Commercial Lot 500,000.00
Agri Land 300,000.00
1 Set Computer 50,000.00
Others 20,000.00
TOTAL Assets P1,847,678.70
LIABELITIES & CAPITAL
Liabilities:
Account payable –Trade P 29,116.88
Loan Payable 150,500.00
NETWORTH:
Rosendo C. Redoble Capital P 1, 648,033.12
Add: Other income 140,048.70
TOTAL P 1, 788,081.82
Less Drawings 120,000.00 P 1,668,081.82

TOTAL Liabilities & capital P 1,847,698.70

ROSENDO C. REDOBLE M.D


Taxpayer
REDOBLE MEDICAL CLINIC
Poblacion Buug Zamboanga Sibugay
TIN # 110-673-173

Comparative Income Statement


For the Year Ended December 31 2007 & 2006

Gross Income: 2007 2006

Clinic & Professional Services P 450,705.00 P 439,650.50


Less: Operating Expenses:
Salaries/ Wages P 90,000.00 P 90.000.00
Taxes Licenses 22,221.35 20,340.00
SSS & PhilHealth Premiums 10,176.00 12,312.00
Lights & Water Bill 30,549.37 28,577.28
Dietary Expenses 98,155.20 96,723.10
Office Supplies 6,760.50 5,770.00
Postage & Communications 3,605.60 2,560.00
Fuel & Oil Used 14,873.25 14,230.00
Depreciation 27,800.00 27,800.00
Medical Supplies 77, 883.28 74,740.55
Miscellaneous & Others 5, 591.70 5,400.00
TOTAL P 387,606.30 P 378,433.38

Net Income P 63,098.70 P 61,217.12


ADD INCOME
AGRI INCOME P 85,500.00 P 83,340.00
LESS 10 % OSD 8,550.00 8,334.00
TOTAL P 76,950.00 P 75,006.00

TOTAL NET INCOME P 140,048.70 P 136,223.12

ROSENDO C. REDOBLE M.D


Taxpayer

REDOBLE MEDICAL CLINIC Poblacion Buug Zamboanga Sibugay TIN #: 110-673-173 INCOME STATEMENT For the Year Ended Dec.31 2007 Gr
REDOBLE MEDICAL CLINIC Poblacion Buug Zamboanga Sibugay TIN # 110-673-173 Comparative Income Statement For the Year Ended D

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