Republic of the Philippines
Department of Education
REGION III-CENTRAL LUZON
SCHOOLS DIVISION OF ZAMBALES
LOCLOC ELEMENARY SCHOOL
LOCLOC, PALAUIG, ZAMBALES
STATEMENT OF OPERATIONS
As of April 30, 2023
Current Year Previous Year
REVENUES
Net Sales
Sales (Gross) 107,630.00 36,200.00
Sales Returns and Allowances
Sales Discounts
107,630.00 36,200.00
1
Republic of the Philippines
Department of Education
REGION III-CENTRAL LUZON
SCHOOLS DIVISION OF ZAMBALES
LOCLOC ELEMENARY SCHOOL
LOCLOC, PALAUIG, ZAMBALES
STATEMENT OF OPERATIONS
As of April 30, 2023
Current Year Previous Year
Cost of Sales
Purchases 78,334.00 24,720.55
Purchase Returns and Allowances
Purchase Discounts
Freight In
Inventory
78,334.00 24,720.55
GROSS PROFIT 29,296.00 11,479.45
Add: Other Operating Income
GROSS INCOME FROM OPERATIONS 29,296.00 11,479.45
EXPENSES
SELLING COST
Salaries and Wages 4,300.00
Employee's Benefits
SSS/ECC/Phic/HDMF Contributions
Officers' Honorarium and Allowances
Office Supplies
Store Supplies
Storage/Warehousing Expense
Power,Light and Water
Travel and Transportation 600.00 900.00
Insurance
2
Republic of the Philippines
Department of Education
REGION III-CENTRAL LUZON
SCHOOLS DIVISION OF ZAMBALES
LOCLOC ELEMENARY SCHOOL
LOCLOC, PALAUIG, ZAMBALES
STATEMENT OF OPERATIONS
As of April 30, 2023
Current Year Previous Year
Royalties
Repairs and Maintenance
Rental
Taxes and Licenses
Communication Expenses
Representation Expense
Advertising Promotion
Spoilage and Breakage
Provision for Probable Losses and Accounts Receivables
Commission Expense
Delivery Expense
Gas, Oil and Lubricants 2,705.00 1,620.00
Depreciation and Amortization
Total Selling Costs 7,605.00 2,520.00
ADMINISTRATIVE COSTS
Salaries and Wages
Employee's Benefits
SSS/ECC/Phic/HDMF Contributions
Officers' Honorarium and Allowances
Office Supplies
Store Supplies 708.00 405.00
Storage/Warehousing Expense
Power,Light and Water
Travel and Transportation
Depreciation and Amortization
Insurance
Repairs and Maintenance 1,500.00
Rental
Taxes and Licenses
3
Republic of the Philippines
Department of Education
REGION III-CENTRAL LUZON
SCHOOLS DIVISION OF ZAMBALES
LOCLOC ELEMENARY SCHOOL
LOCLOC, PALAUIG, ZAMBALES
STATEMENT OF OPERATIONS
As of April 30, 2023
Current Year Previous Year
Professional Fees
Communication Expenses
Representation Expense
Periodicals, Magazines and Subscription
Gas, oil and Lubricants
Miscellaneous Expense 1,477.00
Provision for Probable Losses and Accounts Receivables
Total Administrative Costs 2,185.00 1,905.00
TOTAL EXPENSES 9,790.00 4,425.00
NET INCOME DERIVED FROM OPERATIONS 19,506.00 7,054.45
UTILIZATION OF NET INCOME CASH ON HAND/EXPENSES ON THE DISTRIBUTION
Particulars
Supplementary Feeding Program for Undernourished Pupils/Students (35%) 6,827.10 2,469.06
School Clinic Fund ( 5%) 975.30 352.72
Faculty and Student Development Fund (15%) 2,925.90 1,058.17
H.E. Instructional Fund (10%) 1,950.60 705.45
School Operations Fund (25%) 4,876.50 1,763.61
Revolving Capital (10%) 1,950.60 705.45
TOTAL UTILIZATION OF NET INCOME (100%) 19,506.00 7,054.45
Poster making contest
Prepared by: Certified Correct: District Presscon
Feeding for February 2023
###
SHEILA M. ELAYDA LORENA M. NAVARRO ###
Teacher I/Canteen Coordinator Principal I ###
4
Republic of the Philippines
Department of Education
REGION III-CENTRAL LUZON
SCHOOLS DIVISION OF ZAMBALES
LOCLOC ELEMENARY SCHOOL
LOCLOC, PALAUIG, ZAMBALES
STATEMENT OF FINANCIAL CONDITION
As of April 30, 2023
Current Year Previous Year
ASSETS
Cash and cash equivalents 26,560.45 7,054.45
Accounts Receivables
Inventory
Investments
Property, Plant and Equipment at cost
Less: Accumulated Depreciation
TOTAL ASSETS 26,560.45 7,054.45
LIABILITIES
Trade Payable
Interest Payable
Income Taxes Payable
Other Payables
TOTAL LIABILITIES - -
EQUITY
School Revolving Capital 2,656.05 705.45
Add: Net Income Derived from Operation of Canteen 23,904.40 6,349.01
TOTAL EQUITY 26,560.45 7,054.45
TOTAL LIABILITIES AND EQUITY 26,560.45 7,054.45
Prepared by: Certified Correct:
SHEILA M. ELAYDA LORENA M. NAVARRO
Canteen Coordinator Principal I
