entrance fee

8/2/2019 Entrance Fee

1/26

note 1

office equipment and mahinery

units list Acquisition cost Total cost Salvage value

1 Aqua Detector 2,500 2,500

1 Longest slide 225,000 225,0001 Medium slide 75,000 75,000

1 Small slide 50,000 50,000

2 Kiddie slide 30,000 60,000

11 CCTV camera

1 Banna boat

50 Life buoy (interior)

18 Tables

72 Chairs

24 Cottage pool plastic

20 Chair lounge

5 Pool ladder

18 Benches

1 Bungee jump

1 set of children playground


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estimated life


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Note 2009 2010 2011

Cash 178,843,490 171,927,711 164,646,296

Accounts Receivable B5 277,516 326,927 363,611

Office Supplies Invento B6 750 863 951

Total Current Assets 179,121,756 172,255,500 165,010,858

Land B4 10,000,000 10,000,000 10,000,000

Building B3 53,783,881 51,659,362 49,534,842

B1 3,666,378 3,202,255 2,738,133

Office Equipment (net) B2 600,435 478,671 356,906

Total Non-Current Assets 68,050,694 65,340,287 62,629,881

247,172,450 237,595,788 227,640,739

Accrued Income taxes payable 6,302,307 7,595,786 9,140,586

Accounts Payable 18,000 20,700 22,815

Loans Payable - Current 15,000,000 15,000,000 15,000,000

Total Current Liabilities 21,320,307 22,616,486 24,163,401

Loans Payable - long term 120,000,000 105,000,000 90,000,000

Total Non-current liabilities 120,000,000 105,000,000 90,000,000

Issued and Outstanding Shares 100,000,000 100,000,000 100,000,000

Retained Earnings 11,704,285 19,958,603 26,954,676

Dividend -5,852,142 -9,979,301 -13,477,338Total Share Capital 105,852,142 109,979,301 113,477,338

247,172,450 237,595,788 227,640,739

Beginning Balance 0 5,852,142 9,979,301

Add: Net Income 11,704,285 14,106,460 16,975,375

Non-Current Assets

Resort Equipment, Ma

INITAO - WATER PARK ADVENTURE

STATEMENT OF FINANCIAL POSITION

AS OF DECEMBER 31, 2012 TO 2016

ASSETS

Current Assets

Total Assets

ITIES AND SHARE C

Current Liabilities

Total Liabilities and S

STATEMENT OF RETAINED EAR

Non-Current Liabilitie

Share Capital


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Total 11,704,285 19,958,603 26,954,676

Less: Dividend Paid -5,852,142 -9,979,301 -13,477,338

Ending balance 5,852,142 9,979,301 13,477,338


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2012 2013

160,244,040 160,525,535

439,475 569,797

1,046 1,150

160,684,560 161,096,482

10,000,000 10,000,000

47,410,323 45,285,804

2,274,010 1,809,888

235,141 114,683

59,919,475 57,210,374

220,604,035 218,306,857

12,361,620 17,718,084

25,099 27,609

15,000,000 15,000,000

27,386,719 32,745,692

75,000,000 60,000,000

75,000,000 60,000,000

100,000,000 100,000,000

36,434,632 51,122,329

-18,217,316 -25,561,164118,217,316 125,561,164

220,604,035 218,306,857

13,477,338 18,217,316

22,957,294 32,905,013


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36,434,632 51,122,329

-18,217,316 -25,561,164

18,217,316 25,561,164


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Number ofclient Rate

Weekdays

General 62,500 150

Children 95,000 100

Senior (20% discount) 5,000 120

Weekends/Holidays

General 26,250 200

Children 39,900 150


Total

Weekdays

General 64,375 165

Children 97,850 110


Weekends/Holidays

General 27,038 220

Children 41,097 165


Total

Weekdays

General 66,306 181.5

Children 100,786 121

Senior (20% discount) 5,305 145.2

Weekends/Holidays

General 27,849 242

Children 42,330 181.5


Total

for weekends - 52 weeks per annum


Sales Schedule - Entrance Fees

FROM 2009 TO 2013

Note 1

note: 2 yrs. Old and below are free

for weekdays - 250 days per annum


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Weekdays

General 86,198 199.65

Children 131,021 133.1


Weekends/Holidays

General 36,203 266.2

Children 55,029 199.65


Total

Weekdays

General 112,058 219.615

Children 170,327 146.41


Weekends/Holidays

General 47,064 292.82

Children 71,538 219.615


Total


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2013

9,375,000

9,500,000

600,000

5,250,000

5,985,000

339,200

31,049,200

2014

10,621,875

10,763,500

679,800

5,948,250

6,781,005

384,314

35,178,744

2015

12,034,584

12,195,046

770,213

6,739,367

7,682,879

435,427

39,857,516


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2016

17,209,456

17,438,915

1,101,405

9,637,295

10,986,516

622,661

56,996,249

2017

24,609,522

24,937,649

1,575,009

13,781,332

15,710,719

890,405

81,504,635


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Note 1 A

Number of

Days inunits operation

SIZE

A 4 365

B 10 365

C 10 365

Number of

Demand Days in

Supply Gap operation

SIZE

A 4 365

B 10 365

C 10 365

Number of

Demand Days in


SIZE

A 4 365

B 10 365

C 10 365

Number of

Demand Days in


Total revenues from cottage rental


INITAO - WATER PARK A

Sales Schedule - Cotta

FROM 2013 TO 2


Note - Since there are only 24 available cottages that the resort can offer, the maximum turn

over for the rental of the cottage will only be limited to 2


12/26

SIZE

A 4 365

B 10 365

C 10 365

Number of

Demand Days in


SIZE

A 4 365

B 10 365

C 10 365




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Frequency

of cottageRate turnover 2013

500 2 1,460,000.00

200 2 1,460,000.00

100 2 730,000.00

3,650,000.00

Rate 2014

550 2 1,606,000.00

220 2 1,606,000.00

110 2 803,000.00

4,015,000.00

Rate 2015

605 2 1,766,600.00

242 2 1,766,600.00

121 2 883,300.004,416,500.00

Rate 2016

VENTURE

e Rental

17


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665.5 2 1,943,260.00

266.2 2 1,943,260.00

133.1 2 971,630.00

4,858,150.00

Rate 2017

732.05 2 2,137,586.00

292.82 2 2,137,586.00

146.41 2 1,068,793.00

5,343,965.00


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Number of Stall Available5

Number of Stall Available

5


5


5


5

INITA

Sales

Note 1 B

Total Revenues from Food Court Rentals






16/26

- WATER PARK ADVENTURE

Schedule - Food Court Rental

FROM 2012 TO 2016

Number of

months

of Occupancy Rate operation 250% 10,000.00 12

Number of

months

of Occupancy Rate operation 2

60% 11,000.00 12

Number of

monthsof Occupancy Rate operation 2

70% 12,100.00 12

Number of

months


80% 13,310.00 12

Number of

months


90% 14,641.00 12


17/26

13300,000.00

300,000.00

14

396,000.00

396,000.00

15

508,200.00

508,200.00

16

638,880.00

638,880.00

17

790,614.00

790,614.00


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Per

No. Month 2013 2014

1 25,000.00 300,000.00 330,000.001 23,000.00 276,000.00 303,600.00

1 23,000.00 276,000.00 303,600.00

1 23,000.00 276,000.00 303,600.00

1 23,000.00 276,000.00 303,600.00

HR Manager 1 20,000.00 240,000.00 264,000.00

1 12,000.00 144,000.00 158,400.00

1 8,000.00 96,000.00 105,600.00

Supervisor 1 8,000.00 96,000.00 105,600.00

1 5,000.00 60,000.00 66,000.00

4 3,600.00 43,200.00 47,520.00

4 4,500.00 54,000.00 59,400.00

4 8,000.00 96,000.00 105,600.00

Total 2,233,200.00 2,456,520.00

1 10,000.00 120,000.00 132,000.00

Total 120,000.00 132,000.00

26 2,353,200.00 2,588,520.00

Chief Security Guard

NOTE

Compensation and fringe benefits

TITLE/POSITION

Administrative

General ManagerAssistant Manager

Finance Manager

Operation Manager

Marketing Manager

Accountant

Cashier

Selling Expenses

Sales Representative

Total

Security Guard

Lifeguard

Chief Maintenance Officer


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2015 2016 2017

363,000.00 399,300.00 439,230.00333,960.00 367,356.00 404,091.60

333,960.00 367,356.00 404,091.60

333,960.00 367,356.00 404,091.60

333,960.00 367,356.00 404,091.60

290,400.00 319,440.00 351,384.00

174,240.00 191,664.00 210,830.40

116,160.00 127,776.00 140,553.60

116,160.00 127,776.00 140,553.60

72,600.00 79,860.00 87,846.00

52,272.00 57,499.20 63,249.12

65,340.00 71,874.00 79,061.40

116,160.00 127,776.00 140,553.60

2,702,172.00 2,972,389.20 3,269,628.12

145,200.00 159,720.00 175,692.00

145,200.00 159,720.00 175,692.00

2,847,372.00 3,132,109.20 3,445,320.12


20/26

2013

22,000.00

15,000.00

20,000.0020,000.00

54,312.00

30,000.00

25,000.00

15,000.00

30,000.00

240,000.00

5,000.00

25,000.00

Finance charges 8,000,000.00

5,000.00

Total 8,506,312.00

2009

2,233,200.00

100,000.00

80,000.00

Total 2,413,200.00

Stationery and supplies

Note 3

OPERATING EXPENSES

General and Administrative expenses

Management and other professional fees

Repairs and maintenanceTaxes and licenses

SSS, Philhealth and Pag-ibig contribution

Communications

Insurance

Information technology

Representation and entertainment

Utilities expenses - Office

Donations

Membership fees and dues

Traveling expenses

Miscellaneous

Note 4

Selling Expenses

Compensation and fringe benefits

Advertisements and promotions


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2014 2015 2016

24,200.00 26,620.00 29,282.00

16,500.00 18,150.00 19,965.00

22,000.00 24,200.00 26,620.0022,000.00 24,200.00 26,620.00

59,743.20 65,717.52 72,289.27

33,000.00 36,300.00 39,930.00

27,500.00 30,250.00 33,275.00

16,500.00 18,150.00 19,965.00

33,000.00 36,300.00 39,930.00

264,000.00 290,400.00 319,440.00

5,500.00 6,050.00 6,655.00

27,500.00 30,250.00 33,275.00

7,200,000.00 6,480,000.00 5,832,000.00

5,500.00 6,050.00 6,655.00

7,756,943.20 7,092,637.52 6,505,901.27

2010 2011 2012

2,456,520.00 2,702,172.00 2,977,238,902.00

110,000.00 121,000.00 133,100.00

88,000.00 96,800.00 106,480.00

2,654,520.00 2,919,972.00 2,977,478,482.00

P E R A N N U M

P E R A N N U M


22/26

2017

32,210.20

21,961.50

29,282.0029,282.00

79,518.20

43,923.00

36,602.50

21,961.50

43,923.00

351,384.00

7,320.50

36,602.50

5,248,800.00

7,320.50

5,990,091.40

2013

3,269,628,012.00

146,410.00

117,128.00

3,269,891,550.00


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Note 2013 2014

1 34,999,200.00 39,589,744.002 5,426,006.37 5,697,566.37

27,875,903.85 30,758,489.78

3 2,353,200.00 2,588,520.00

4 2,413,200.00 330,000.00

9,869,312.00 9,056,243.20

18,006,591.85 21,702,246.58

6,302,307.15 7,595,786.30

11,704,284.71 14,106,460.27

Gross Profit


STATEMENT OF OPERATION

FOR THE YEAR ENDED December 31, 2013 to 20

SalesCost of Sales

Net Income

Operating expenses

General and Administrative expens

Selling Expenses

Total Operating expenses

Net Income before Income tax

Less: Income tax (35%)


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2015 2016 2017

44,782,216.00 62,493,279.00 87,639,214.005,996,282.37 6,324,869.97 6,685,010.08

34,367,828.39 42,775,968.15 57,295,856.00

2,847,372.00 3,132,109.20 3,445,320.12

363,000.00 399,300.00 439,230.00

8,251,867.52 7,457,054.27 6,672,759.70

26,115,960.87 35,318,913.88 50,623,096.30

9,140,586.30 12,361,619.86 17,718,083.70

16,975,374.57 22,957,294.02 32,905,012.59

17


25/26

2009 2010

2,233,200.00 2,456,520.002,124,519.20 2,124,519.20

464,122.50 464,122.50

121,764.67 121,764.67

240,000.00 264,000.00

5,426,006.37 5,697,566.37

Compensation and Fringe Benefits

BLUE WAVE WATER PARK

Cost of Sales

FROM 2009 TO 2013

Note 2DIRECT COST

Depreciation - Building

Depreciation - Resort Equipment

Depreciation - Office Equipment

Utilities expenses

TOTAL COST


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2011 2012 2013

2,702,172.00 2,972,389.20 3,269,628.122,124,519.20 2,124,519.20 2,124,519.20

464,122.50 464,122.50 464,122.50

121,764.67 121,764.67 120,458.42

290,400.00 319,440.00 351,384.00

5,996,282.37 6,324,869.97 6,685,010.08

entrance fee

Documents