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SFP Sample

The statement of financial position of Samuel Trading as of December 31, 2018 shows total assets of PHP 45,813,102 consisting of current assets such as cash and cash equivalents, notes receivables, trade and other receivables, and inventory, as well as non-current assets including long-term notes receivables, property and equipment, and intangible assets. Total liabilities are comprised of current liabilities such as trade payables and notes payable, with Samuel's capital making up the difference to equal total liabilities and owner's equity.

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Hazel Joy Demagante
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© © All Rights Reserved
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531 views

SFP Sample

The statement of financial position of Samuel Trading as of December 31, 2018 shows total assets of PHP 45,813,102 consisting of current assets such as cash and cash equivalents, notes receivables, trade and other receivables, and inventory, as well as non-current assets including long-term notes receivables, property and equipment, and intangible assets. Total liabilities are comprised of current liabilities such as trade payables and notes payable, with Samuel's capital making up the difference to equal total liabilities and owner's equity.

Uploaded by

Hazel Joy Demagante
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Samuel Trading

Statement of Financial Position


As of December 31, 2018

Notes

TOTAL ASSETS
Current Assets
Cash and Cash Equivalents 1
Notes Receivables - net 2
Trade and Other Receivables - net 3
Merchandise Inventory
Prepaid Expenses 4

Non-Current Assets
Long-term Notes Receivables
Property, Plant and Equipment - net 5
Intangible Assets net 6

TOTAL ASSETS

TOTAL LIABILITIES AND OWNER'S EQUITY


Current Liabilities
Trade and Other Payable 7
Notes Payable - net 8

Non-current Liabilities
Long-term Notes Payable
Mortgage Payable

Total Liabilities

Samuel, Capital

Total Liabilities and Owner's Equity


ng
al Position
1, 2018

Note 1 Cash

PhP 22,001,280.00
95,211.00
577,983.00
489,738.00 Cash Equivalent
58,890.00 PhP 23,223,102.00

PhP 7,000,000.00
8,590,000.00 Total Cash and Cash Equivalent
7,000,000.00 22,590,000.00
Note 2
PhP 45,813,102.00

Total Notes Receivables - net

PhP 60,000.00 Note 3 Net Realizable Value


106,544.00 PhP 166,544.00

Other Receivables
PhP 790,000.00
800,000.00 1,590,000.00

PhP 1,756,544.00 Trade and Other Receivables - net

44,056,558.00

PhP 45,813,102.00
Cash
Cash on Hand PhP 14,000.00
Cash in Bank 13,429,847.00
Petty Cash Fund 15,000.00
Coins and Bills 489.00 PhP 13,459,336.00
Cash Equivalent
Time Deposit PhP 2,193,847.00
Marketable Securities 38,427.00
Money Market Funds 2,384,792.00
Treasury Bills 3,924,878.00 8,541,944.00
Total Cash and Cash Equivalent PhP 22,001,280.00

Notes Receivables PhP 50,000.00


Discount on Notes Receivables (4,789.00)
Short-term portion of Long-term Notes Receivables 50,000.00
Total Notes Receivables - net PhP 95,211.00

Net Realizable Value


Accounts Receivable PhP 589,000.00
Allowance for Doubtful Accounts (34,909.00) PhP 554,091.00
Other Receivables
Accrued Income PhP 23,892.00
Advance to Employees, suppliers, etc 24,789.00
Claims from shipper, supplier, etc. 2,898.00 23,892.00
Trade and Other Receivables - net PhP 577,983.00
Note 4 Prepaid Expenses
Store/Office Supplies
Total Prepaid Expenses

Note 5 Land
Building
Accumulated Depreciation - Building
Equipments
Accumulated Depreciation - Equipment
Vehicles
Accumulated Depreciation - Vehicles
Furniture and Fixture
Accumulated Depreciation - Furniture and Fixture
Total Property, Plant and Equipment

Note 6 Trademark
Accumulated Amortization - Trademark
Patent
Accumulted Amortization - Patent
Total Intangible Assets - net

Note 7 Trade Accounts Payable


Non-trade Accounts Payabla (due to etc)
Total Trade and Other Payables
PhP 56,000.00 Note 8 Notes Payable
2,890.00 Discount on Notes Payable
PhP 58,890.00 Short Term Portion of Long Term Notes Payable
Total Notes Payable - net
PhP 3,000,000.00
5,000,000.00
(250,000.00)
60,000.00
(20,000.00)
600,000.00
(50,000.00)
350,000.00
(100,000.00)
PhP 8,590,000.00

PhP 6,000,000.00
(3,000,000.00)
5,000,000.00
(1,000,000.00)
PhP 7,000,000.00

PhP 40,000.00
20,000.00
PhP 60,000.00
PhP 50,000.00
(3,456.00)
60,000.00
PhP 106,544.00

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