Entrance Fee
Transcript of Entrance Fee
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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
Senior (20% discount) 2,120 160
Total
Weekdays
General 64,375 165
Children 97,850 110
Senior (20% discount) 5,150 132
Weekends/Holidays
General 27,038 220
Children 41,097 165
Senior (20% discount) 2,184 176
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
Senior (20% discount) 2,249 193.6
Total
for weekends - 52 weeks per annum
INITAO - WATER PARK ADVENTURE
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
Senior (20% discount) 6,896 159.72
Weekends/Holidays
General 36,203 266.2
Children 55,029 199.65
Senior (20% discount) 2,924 212.96
Total
Weekdays
General 112,058 219.615
Children 170,327 146.41
Senior (20% discount) 8,965 175.692
Weekends/Holidays
General 47,064 292.82
Children 71,538 219.615
Senior (20% discount) 3,801 234.256
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
Supply Gap operation
SIZE
A 4 365
B 10 365
C 10 365
Number of
Demand Days in
Supply Gap operation
Total revenues from cottage rental
Total revenues from cottage rental
INITAO - WATER PARK A
Sales Schedule - Cotta
FROM 2013 TO 2
Total revenues from cottage rental
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
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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
Total revenues from cottage rental
Total revenues from cottage rental
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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
Number of Stall Available
5
Number of Stall Available
5
Number of Stall Available
5
INITA
Sales
Note 1 B
Total Revenues from Food Court Rentals
Total Revenues from Food Court Rentals
Total Revenues from Food Court Rentals
Total Revenues from Food Court Rentals
Total Revenues from Food Court Rentals
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- 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
of Occupancy Rate operation 2
80% 13,310.00 12
Number of
months
of Occupancy Rate operation 2
90% 14,641.00 12
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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
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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
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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
INITAO - WATER PARK ADVENTURE
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
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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