Facil Fs Dec 2022 Finish
Facil Fs Dec 2022 Finish
Facil Fs Dec 2022 Finish
Tax Required
For the Taxable to be Amount
Month Compensation Withheld Adjustment Remitted
2015
January 0.00 4,581.93 4,581.93
February 0.00 4,581.93 4,581.93
March 0.00 70,013.11 70,013.11
April 0.00 (75,304.93) (75,304.93)
May 0.00 0.00
June 0.00 0.00
July 0.00 0.00
August 0.00 0.00
September 0.00 0.00
October 0.00 0.00
November 0.00 0.00
December 0.00 0.00
SSS HDMF
MONTH 2015 2015
Employer Employee SSS cv # date paid Employer Employee
JANUARY 8,528.10 4,141.90 12,670.00 900.00 1,700.00
FEBRUARY 8,380.80 4,069.20 12,450.00 900.00 1,700.00
MARCH 7,339.40 3,560.60 10,900.00 800.00 2,100.00
APRIL 6,860.60 3,324.40 10,185.00 800.00 2,100.00
MAY 3,322.45 750.00 750.00
JUNE -
JULY -
AUGUST -
SEPTEMBER -
OCTOBER -
NOVEMBER -
DECEMBER -
Payments of:
Interest Expense -
Prior Period Adjustments (200,840.23) -
Payment of Dividends (2,500,000.00) (4,000,000.00)
Retirement Payable
Others
Advances from Shareholders
Net Cash provided by Financing Activities (2,700,840.23) (4,000,000.00)
Net Increase (Decrease) in Cash and Cash Equivalents #REF! 497,000.00
Cash and Cash Equivalents, Beginning of the Year 760,000.00 263,000.00
Cash and Cash Equivalents, End of Year #REF! 760,000.00
** The accompanying notes are an integral part of these Financial St - 3,649,838.00
FACIL LENDING CORP
TRIAL BALANCE
AS OF DECEMBER 31, 2020
Debit Credit
Page 5 of 96
FACIL LENDING CORP
TRIAL BALANCE
AS OF DECEMBER 31, 2017
OCTOBER 2016 NOVEMBER 2016
JOURNAL VOUCHER Oct-16 JOURNAL VOUCHER
Debit Credit Debit Credit Debit
- - #REF! -
Page 6 of 96
FACIL LENDING CORP
TRIAL BALANCE
AS OF DECEMBER 31, 2017
### DECEMBER 2016
JOURNAL
JUNE 2013
VOUCHER Nov-16 JOURNAL VOUCHER
Debit Credit Debit Credit Debit
Page 7 of 96
FACIL LENDING CORP
TRIAL BALANCE
AS OF DECEMBER 31, 2017
DECEMBER 2016
###
JOURNAL
JUNEVOUCHER
2013 Dec-16
Debit Credit Debit Credit
Page 8 of 96
Cash 50,000.00
acc. Dep 103,125.00
loss on sale 470,982.14
vat 5,357.14
Office vehicle 618,750.00
Mitsubishi Adventure
Cash 4,000,000.00
acc. Dep 811,270.07
AR 1,117,500.00
vat 548,303.57
Gain on Sale 955,348.04
Condominium 4,425,118.46
Shangrila Condo
FACIL LENDING CORP
WORKING TRIAL BALANCE
FOR THE YEAR 2019
Dec-15
JOURNAL VOUCHER Dec-15
Debit Credit Debit Credit
- - 281,935.57
Page 10 of 96
FACIL LENDING CORP
TRIAL BALANCE
AS OF DECEMBER 31, 2022
Debit Credit
Page 11 of 96
FACIL LENDING CORP
TRIAL BALANCE
AS OF DECEMBER 31, 2022
Debit Credit
Page 12 of 96
FACIL LENDING CORP
WORKING TRIAL BALANCE
FOR THE YEAR 2022
DEC 2021
JOURNAL VOUCHER Dec-21
Debit Credit Debit
- - 744,273.51
JAN 2022 FEB 2022
Dec-21 JOURNAL VOUCHER Jan-22 JOURNAL VOUCHER
Credit Debit Credit Debit Credit Debit
(78,426.93) - #VALUE! -
MAR 2022
JOURNAL VOUCHER Feb-22 JOURNAL VOUCHER Mar-22
Credit Debit Credit Debit Credit Debit
- #VALUE! - - #VALUE!
APR 2022 MAY 2022
Mar-22 JOURNAL VOUCHER Apr-22 JOURNAL VOUCHER
Credit Debit Credit Debit Credit Debit
- - #VALUE! -
JUN 2022
JOURNAL VOUCHER May-22 JOURNAL VOUCHER Jun-22
Credit Debit Credit Debit Credit Debit
- (1,790.00) 777,367.73 -
SEP 2022
JOURNAL VOUCHER Aug-22 JOURNAL VOUCHER Sep-22
Credit Debit Credit Debit Credit Debit
- #VALUE! - - 1,097,834.37
OCT 2022 NOV 2022
Sep-22 JOURNAL VOUCHER Oct-22 JOURNAL VOUCHER
Credit Debit Credit Debit Credit Debit
-
- 1,500.00 - -
966,000.00 1,032,900.00 13,373,469.43 1,170,000.00
-
276,000.00 194,500.00 732,152.13 -
2,132,163.23 - 2,132,163.23
- - -
0.00
182.04 182.04 333,739.76 182.04
-
396,475.00
396,475.00 - 396,475.00
1,452,292.18
1,452,292.18 - 1,452,292.18
-
- - -
-
- - -
-
-
- - 19,430.00 -
- - 313,448.00 -
- - - -
- 50,000.00 -
- 2,626.00 -
-
(42,052.54) - - (42,052.54) -
- -
15,655.04 19,081.44 24,386.64 20,960.24 24,386.44
1,400.00 1,400.00 1,400.00 1,400.00 1,400.00
4,937.50 4,937.50 4,937.50 4,937.50 4,937.50
3,452.23 3,452.15 5,355.88 5,355.96 5,355.88
1,917,136.71 1,917,136.71
- -
- - - - -
(0.00) - - (0.00) 3,688.00
0.00 - 0.00
526.36 526.31 526.32 526.37 526.31
- -
- - 9,315.00 9,315.00 9,315.00
(551,798.97) 19,884.85 16,142.47 (555,541.35) 16,142.47
338,072.00 7,830.00 24,511.00 354,753.00 110,911.00
- -
- -
4,210,982.23 232,957.02 270,256.00 4,248,281.21 305,827.56
143,074.25 23,934.00 33,120.00 152,260.25 4,005.00
10,000,000.00 10,000,000.00
(1,892,376.00) - - (1,892,376.00) -
- 2,000,000.00 -
- - -
(272,120.05) - (272,125.94) -
165,707.06 16,142.47 150,663.02 134,520.55 24,421.35
-
84,092.64 - 84,092.64 81,912.34
- - - - -
101,341.00 73,291.00 28,050.00 101,341.00
-
-
- - -
- - - -
-
-
9,570.00 - 9,570.00 9,570.00
13,711.00 - 13,711.00 -
10,800.00 - 10,800.00 5,450.15
- - -
-
15,957.59 10,801.64 5,155.95 12,891.24
-
-
10,526.32 - 10,526.32 10,526.32
- - -
2,696.45 2,696.45 2,689.45
-
- - -
- - -
- - -
- - -
-
1,262.50 1,262.50 -
9,315.00 - 9,315.00 8,775.00
-
-
- - - -
- - -
- - -
-
28.00 28.00 35.21
-
-
6.06 (5.34) (5.34)
- - - - - 3,688.00
18,023,532.29 2,301,460.44 2,301,460.44 19,166,110.40 18,068,276.03 2,454,577.26
- - 1,097,834.37 -
DEC 2022
JOURNAL VOUCHER Nov-22 JOURNAL VOUCHER Dec-22
Credit Debit Credit Debit Credit Debit
2,132,163.23
-
396,475.00
1,452,292.18
-
-
19,081.44
1,400.00
4,937.54
5,355.96
1,917,136.71
-
-
(0.00)
0.00
526.38
-
6,110.63
(550,882.76)
104,872.57
-
-
4,168,544.46
171,710.50
10,000,000.00
(1,892,376.00)
-
-
(264,273.75)
173,342.13
-
15.01
-
17,846,431.23
DEC 2022
Debit Credit
Cash on hand
Cash in Bank-UCPB
Advances to Employee and Officer
Rent Expense 10,526.32
Light & Water
Postage and Telephone 2,554.09
Representation Expense
Repairs & Maintenance
Taxes & Licenses
Documentary Stamp Tax 6,110.63
Documentary Stamp Tax Payable 8,775.00
Transportation Expense
Office Supplies
13th Month Pay
Miscellaneous Expense-Adventure/audit fee
Input Vat 182.04
Accounts Payable 6,868.85
Separation Pay
Office Equipment
Miscellaneous Expense-Adventure/audit fee
SL/VL
Professional Fee
Accrued Expense 144,419.58
wtax expanded 526.32
Accounts Receivable-Barra rent
Documentary Stamp Tax Payable 6,110.63
Transfer collection Dec 2016 to UCPB
Cash on Hand
Advances to Employee and Officer
SSS/PHIL/PAGIBIG PAYABLE 3,426.20
Accounts Payable 30,969.43
ACCRUED Expense
Depreciation expense
Accu- depreciat'n - Eqpt
Accu- depreciat'n - Furniture & Fixtures
Accu- depreciat'n - Office Vehicle
Accu- depreciat'n - Condo
Notarial
Meal Expense
Representation exp
Transportation & Travel
Office Supplies
Cash in bank
Prof. Fee
Accrued Expense
Monthly accrual of Prof Fee 2021
Rent Expense
Withholding Tax Payable - rent
Accrued Expense
Miscellaneous 21.00
wtax -compensation
SSS/PHIC payable 19,081.44
Pag-ibig Payable 1,400.00
SSS loan payable 4,937.46
Pag-ibig loan payable 5,355.88
Fines, penalties and Deficiency tax
Cash in Bank-UCPB -
MISCELLANEOUS
Cash in bank
Petty Cash Fund
Advances to Employees
Cash in bank
Retirement Expense
Retirement Benefit Loss
To take up retirement expense
Cash
acc. Dep
loss on sale
vat
Office vehicle
Mitsubishi Adventure
NR - Pensioner
Allowance for probable loss
To take up probable doudtful account.
Professional expense
Accrued expenses
To take up additional professional fee.
Miscellaneous
Notarial expense
To reclass the notarial expense account.
Professional fees
Miscellaneous expense
Accrued expense
To take up accrual of professional fees for Audited FS 2017
Taxes and licenses
Notarial Expense
Representation
Transportation
Miscellaneous
Taxes and licenses
C for FS 2011 (June 20 Adjustment Reclass payment to deficiencies SEC for FS 2011 (June 2016)
and SEC Annual Fee (Feb 2016)
Cash on hand
13th month pay
To corrent entry
Cash on Hand
Cash in Bank-UCPB
Adjustment on ucpb loyola balance per bank
Office Supplies
Miscellaneous Expense
To record reclassification of entry requisition of checkbook
Miscellaneous Expense
Transportation & Travel
Net Income
Cash on Hand and in Bank
Net Income
Representation & Entertainment
ost of Service is for To record reclassification of entry only 1% of Cost of Service is for
Representation & Entertainment 1,409,975.54 x 1%
and other adjustment
Net Income
Accounts Payable
Income Tax Payable
SSS/Philhealth Payable
W/tax Payable-Compensation
Provision for Income Tax
Interest
Prior year adjustments
To reclass above accounts
NOTES RECEIVABLE
Cost of Service
Retirement Expense
Taxes & License
Remeasurement Loss
Right-of-Use Asset
SSS/PHILHEALTH PAGIBIG EXPENSE
NET INCOME
Retained Earnings
Lease Liabilities
PREPAID EXPENSE
Salaries and Wages
Accounts Payable
Rent Expense
DEPRECIATION EXPENSE
Right-of-Use Asset
ACCRUED EXPENSE
Deffered ASSET
Retirement Benefit
Lease Liabilities
Income Tax Payable
PROF FEE
MISCELANEOUS EXPENSE
Provision Income Tax
INTEREST INCOME
TAXES & LICENSES
2,039,751.84 2,039,225.52
January
UDI Character loan in Working trial balance but Unearned Income-Character in Journal vouchers
Incomplete detail when it comes to account name
3 different account names in the wb and jv but sames entry
There is one entry that included in the Journal voucher but not in the Working trial balance
Many account names are a bit different, or has a incomplete detail between Working trial balance and Journal voucher
The total is not balance because of that one entry that had been missed.
February
There are no errors in entries, It's just that like in january, there are a lot of different or/and incomplete details between Journ
March
Same with march, there are no errors that have been found in the entries. The errors for this month (march) is the same with
April - June
For these months, they just have a few incomplete detail with the account name.
July
For july, there are some incomplete details again in the account name, but, the main error is there is one entry that have an e
August - October
Same with the months of april to june, there are just a few incomplete details in account name.
November
There is again a few incomplete detail in the account name, but there is also a entry in the Working trial balance that do not m
December
There are icomplete details about account name but, more importantly there is one entry in the working trial balance that did
and Journal voucher
is one entry that have an error. The amount in Working trial balanve do not match the amount in the Journal voucher, therefore their tota
orking trial balance that did not match the amount in the Journal voucher.
ucher, therefore their total do not match or imbalance.
FACIL LENDING COR
INCOME STATEMENT
JAN-DEC 2022
FEBRUARY 2016 TOTAL Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22
AMOUNTJAN-DEC 2021 AMOUNT AMOUNT AMOUNT AMOUNT AMOUNT AMOUNT AMOUNT
INTEREST INCOME
Interest - Pensioners ### 1,992,502.64 145,752.62 147,959.95 4,108.91 147,619.39 220,988.30 113,504.50 196,833.47
### -
### -
TOTAL INCOME ### 1,992,502.64 145,752.62 147,959.95 4,108.91 147,619.39 220,988.30 113,504.50 196,833.47
### -
FINANCING COST/DIRECT ### -
### -
Interest Expense ### - - - - - - - -
Cost of Service ### 933,385.66 #VALUE! 77,959.43 77,491.93 77,959.43 77,959.43 83,162.18 81,784.84
Total Direct Costs ### -
### -
GROSS PROFIT ### 1,059,116.98 #VALUE! 70,000.52 (73,383.02) 69,659.96 143,028.87 30,342.32 115,048.63
### -
OPERATING EXPENSES: ###
Salaries & Wages ### 496,900.06 47,038.75 25,872.00 25,872.00 25,872.00 25,872.00 27,852.00 28,050.00
Meal Expense ### -
Employees' Benefits ### 123,915.00 9,570.00 9,570.00 9,570.00 9,570.00 9,570.00 9,570.00 9,570.00
13th month pay ### 122,348.25 - 54,000.00 10,800.00 10,800.00
SL/VL ### 104,272.14 52,136.07 - - - 54,000.00 10,800.00 10,800.00
SSS, Philhealth & Pag-IBIG
###C 71,599.92 3,454.13 3,921.63 4,389.13 3,921.63 3,921.63 4,894.80 1,706.18
Retirement Expense ### - - - - - - - -
Fines, penalties and Deficien
### 293.90 - - - - 5,000.00 - -
Amortization of deferred###
reti -
Directors Fee ### -
Separation Pay ### 30,283.22 - - - - - - -
Insurance Expense ### -
Rent Expense ### 126,315.83 10,526.32 10,526.32 10,526.32 10,526.32 10,526.32 10,526.32 10,526.32
Light & Water ### 22,358.63 2,066.12 2,613.96 5,325.25 3,070.32 - 5,166.60 2,492.22
Postage and Telephone### 31,323.32 2,657.46 - 2,548.46 2,689.45 1,516.96 2,689.45 3,515.95
Subscription & Periodicals
### -
Repairs & Maintenance ### -
Representation Expense### - - - - - - - -
Transportation & Travel### 1,500.00 - 1,500.00 - - - - -
Office Supplies ### - - 2,800.00 - - - - -
Taxes & Licenses ### 20,231.49 500.00 22,014.29 - - - - -
Documentary Stamp Tax ### 60,729.00 - 9,000.00 1.50 9,000.00 9,000.00 5,400.00 8,145.00
Notarial Expense ### -
Professional Fee ### 20,616.00 - - 15,000.00 - 12,000.00 - -
Interest expense - BIR ### - - - - - - - -
Association Dues ### -
Doubtful Account Expense### 975,118.85 - - - - - - -
Depreciation Expense ### - - - - - - - -
Donation and Contribution
### -
Miscellaneous Expense ### 2,500.00 - - 21.00 21.00 21.00 21.00 21.00
Management Fee ### -
Total Operating Expenses ### 2,210,305.61 127,948.85 87,818.20 73,253.66 64,670.72 185,427.91 87,720.17 85,626.67
Marketing Expense ### -
OPERATING INCOME### (1,151,188.63) #VALUE! (17,817.68) (146,636.68) 4,989.24 (42,399.04) (57,377.85) 29,421.96
###
Other Income (Other Expense Other Income (Other Expense):
Interest Income ### 195.01 6.86 9.60 6.40 4.94 4.09 6.64 4.43
Recovery of account written-
### -
Remeasurement loss ###
on de - - - - - - - -
Total Other Income (Other###Ex 195.01 6.86 9.60 6.40 4.94 4.09 6.64 4.43
###
NET INCOME BEFORE TAX ### (1,150,993.62) #VALUE! (17,808.08) (146,630.28) 4,994.18 (42,394.95) (57,371.21) 29,426.39
Provision for Income Tax### 7,661.56 - - - - 640.00 - 1,790.00
NET INCOME ### (1,158,655.18) #VALUE! (17,808.08) (146,630.28) 4,994.18 (43,034.95) (57,371.21) 27,636.39
###
FACIL LENDING COR
INCOME STATEMENT
JAN-DEC 2022
FEBRUARY 2016Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 TOTAL
AMOUNTAMOUNT AMOUNT AMOUNT AMOUNT AMOUNT JAN-DEC 2022
INTEREST INCOME
Interest - Pensioners ### 187,665.37 165,707.06 134,520.55 203,511.21 173,342.13 1,841,513.46
### -
### -
TOTAL INCOME ### 187,665.37 165,707.06 134,520.55 203,511.21 173,342.13 1,841,513.46
### -
FINANCING COST/DIRECT ### -
### -
Interest Expense ### - - - - - -
Cost of Service ### 81,784.84 81,912.34 84,092.64 81,912.34 81,912.34 #VALUE!
Total Direct Costs ### -
### -
GROSS PROFIT ### 105,880.53 83,794.72 50,427.91 121,598.87 91,429.79 #VALUE!
### -
OPERATING EXPENSES: ###
Salaries & Wages ### 28,050.00 28,050.00 28,050.00 28,050.00 28,050.00 346,678.75
Meal Expense ### -
Employees' Benefits ### 9,570.00 9,570.00 9,570.00 9,570.00 9,570.00 114,840.00
13th month pay ### 10,800.00 10,800.00 13,711.00 - - 110,911.00
SL/VL ### 10,800.00 10,800.00 10,800.00 5,450.15 - 165,586.22
SSS, Philhealth & Pag-IBIG
###C 4,269.90 4,269.90 5,155.95 4,269.90 4,269.90 48,444.68
Retirement Expense ### - - - - - -
Fines, penalties and Deficien
### - - - - - 5,000.00
Amortization of deferred###
reti -
Directors Fee ### -
Separation Pay ### - - - - - -
Insurance Expense ### -
Rent Expense ### 10,526.32 10,526.32 10,526.32 10,526.32 10,526.32 126,315.84
Light & Water ### - 2,666.00 - - - 23,400.47
Postage and Telephone### 2,689.45 2,689.45 2,696.45 2,689.45 2,554.09 28,936.62
Subscription & Periodicals
### -
Repairs & Maintenance ### -
Representation Expense### - - - - - -
Transportation & Travel### - - - - - 1,500.00
Office Supplies ### - - - - - 2,800.00
Taxes & Licenses ### - - 1,262.50 - - 23,776.79
Documentary Stamp Tax ### 8,442.00 - 9,315.00 8,775.00 6,110.63 73,189.13
Notarial Expense ### -
Professional Fee ### - - - - - 27,000.00
Interest expense - BIR ### - - - - - -
Association Dues ### -
Doubtful Account Expense### - - - - - -
Depreciation Expense ### - - - - - -
Donation and Contribution
### -
Miscellaneous Expense ### 28.00 4,435.00 28.00 35.21 21.00 4,652.21
Management Fee ### -
Total Operating Expenses ### 85,175.67 83,806.67 91,115.22 69,366.03 61,101.94 1,103,031.71
Marketing Expense ### -
OPERATING INCOME### 20,704.86 (11.95) (40,687.31) 52,232.84 30,327.85 #VALUE!
###
Other Income (Other Expense Other Income (Other Expense):
Interest Income ### 5.34 6.06 (5.34) - 15.01 64.03
Recovery of account written-
### -
Remeasurement loss ###
on de - - - - - -
Total Other Income (Other###Ex 5.34 6.06 (5.34) - 15.01 64.03
###
NET INCOME BEFORE TAX ### 20,710.20 (5.89) (40,692.65) 52,232.84 30,342.86 #VALUE!
Provision for Income Tax### - - - 3,688.00 - 6,118.00
NET INCOME ### 20,710.20 (5.89) (40,692.65) 48,544.84 30,342.86 #VALUE!
### #VALUE!
FACIL LENDING CORP
BALANCE SHEET
FOR THE YEAR 2022
DECEMBER 2014
DEC 2021 JAN 2022 FEB 2022 MAR 2022 APR 2022
Amount Amount Amount Amount Amount Amount
ASSETS
CURRENT ASSETS
CASH AND CASH EQUIVALENTS ###
UCPB Loyola 325,329.93 261,654.30 451,078.78 318,564.59 232,735.56
Cash on Hand - - - (0.00) -
Petty Cash Fund
Advances to Employees - - - - -
Total Cash and Cash Equivalents 325,329.93 261,654.30 451,078.78 318,564.59 232,735.56
NOTES RECEIVABLE
OTHER RECEIVABLES:
Advances to Stockholders - - - - -
Total Other Receivables - - - - -
PREPAID EXPENSES
Prepaid 1,613.00 1,613.00 1,613.00 1,613.00 2,626.00
Input Tax 182.05 182.05 182.05 1,982.05 1,982.05
Total Prepaid Expenses 1,795.05 1,795.05 1,795.05 3,595.05 4,608.05
Other Current Assets (Prepaid tax)
FIXED ASSETS
Office Furniture & Fixtures ### 396,475.00 396,475.00 396,475.00 396,475.00 396,475.00
Less Accumulated Depreciation ### (396,475.00) (396,475.00) (396,475.00) (396,475.00) (396,475.00)
Office Furniture & Fixtures - Net ### 0.00 0.00 0.00 0.00 0.00
Office Equipment ### 1,452,292.18 1,452,292.18 1,452,292.18 1,452,292.18 1,452,292.18
Less Accumulated Depreciation ### (1,452,292.18) (1,452,292.18) (1,452,292.18) (1,452,292.18) (1,452,292.18)
Office Equipment - Net ### 0.00 0.00 0.00 0.00 0.00
Office Vehicle ###
Less Accumulated Depreciation ###
Office Vehicle - Net ###
Condominium unit ###
Less Accumulated Depreciation ###
Condominium unit - net ### - - - - -
OTHER ASSETS
INVESTMENTS
Investment Property
Investment - Others
Total Investments - - - - -
OTHER DEPOSITS
Rent Deposit
Light, Water & Telephone Deposit
Total Other Deposits - - - - -
LIABILITIES
CURRENT LIABILITIES
Accounts Payable - (104,171.01) 12,078.99 20,699.19 (28,091.93)
Income tax pay (Prepaid tax) 1,011.37 1,011.37 1,011.37 1,011.37 (0.00)
Lease Liabilities 112,389.35 112,389.35 112,389.35 112,389.35 -
Accrued Expense 118,672.36 85,812.36 90,672.36 90,672.36 143,672.00
Accounts Payable - Others
Commission Fee Payable
Total Accounts Payable & Accruals 232,073.08 95,042.07 216,152.07 224,772.27 115,580.07
NON-CURRENT LIABILITIES
UNEARNED INCOME
Pensioners - current 4,234,323.56 4,075,196.63 4,037,347.49 4,037,347.49 4,017,245.77
Character Loan 165,616.25 161,500.25 157,384.25 152,782.25 148,180.25
Total Unearned Income ### 4,399,939.81 4,236,696.88 4,194,731.74 4,190,129.74 4,165,426.02
Retirement Payable
STOCKHOLDERS' EQUITY
RETAINED EARNINGS
Retained Earnings, beg. (625,980.24) (1,784,635.42) (1,784,635.42) (1,784,635.42) (1,892,376.00)
Prior Period Adjustments
Net Income (1,158,655.18) #VALUE! #VALUE! #VALUE! #VALUE!
Dividends (2,000,000.00) (2,000,000.00) (2,000,000.00) (2,000,000.00) (2,000,000.00)
Retained Earnings, end ### (3,784,635.42) #VALUE! #VALUE! #VALUE! #VALUE!
Treasury Shares ### - - - - -
NOTES RECEIVABLE
OTHER RECEIVABLES:
Advances to Stockholders -
Total Other Receivables - - - - -
PREPAID EXPENSES
Prepaid 2,626.00 2,626.00 2,626.00 2,626.00 2,626.00
Input Tax 335,179.76 333,739.76 333,739.76 333,739.76 333,739.76
Total Prepaid Expenses 337,805.76 336,365.76 336,365.76 336,365.76 336,365.76
Other Current Assets (Prepaid tax)
FIXED ASSETS
Office Furniture & Fixtures ### 396,475.00 396,475.00 396,475.00 396,475.00 396,475.00
Less Accumulated Depreciation ### (396,475.00) (396,475.00) (396,475.00) (396,475.00) (396,475.00)
Office Furniture & Fixtures - Net ### 0.00 0.00 0.00 0.00 0.00
Office Equipment ### 1,452,292.18 1,452,292.18 1,452,292.18 1,452,292.18 1,452,292.18
Less Accumulated Depreciation ### (1,452,292.18) (1,452,292.18) (1,452,292.18) (1,452,292.18) (1,452,292.18)
Office Equipment - Net ### 0.00 0.00 0.00 0.00 0.00
Office Vehicle ###
Less Accumulated Depreciation ###
Office Vehicle - Net ###
Condominium unit ###
Less Accumulated Depreciation ###
Condominium unit - net ### - - - - -
OTHER ASSETS
INVESTMENTS
Investment Property
Investment - Others
Total Investments - - - - -
OTHER DEPOSITS
Rent Deposit
Light, Water & Telephone Deposit
Total Other Deposits - - - - -
LIABILITIES
CURRENT LIABILITIES
Accounts Payable 50,768.07 55,003.90 55,003.90 (44,996.10) (42,052.54)
Income tax pay (Prepaid tax) - - - - -
Lease Liabilities - - - - -
Accrued Expense 251,672.00 273,272.00 294,872.00 316,472.00 338,072.00
Accounts Payable - Others
Commission Fee Payable
Total Accounts Payable & Accruals 302,440.07 328,275.90 349,875.90 271,475.90 296,019.46
NON-CURRENT LIABILITIES
UNEARNED INCOME
Pensioners - current 4,015,050.88 4,274,997.84 4,300,635.35 4,210,406.14 4,210,982.23
Character Loan 143,578.25 138,976.25 143,374.25 147,688.25 143,074.25
Total Unearned Income ### 4,158,629.13 4,413,974.09 4,444,009.60 4,358,094.39 4,354,056.48
Retirement Payable
STOCKHOLDERS' EQUITY
RETAINED EARNINGS
Retained Earnings, beg. (1,892,376.00) (1,892,376.00) (1,892,376.00) (1,892,376.00) (1,892,376.00)
Prior Period Adjustments
Net Income #VALUE! #VALUE! #VALUE! (272,120.05) (272,125.94)
Dividends (2,000,000.00) (2,000,000.00) (2,000,000.00) (2,000,000.00) (2,000,000.00)
Retained Earnings, end ### #VALUE! #VALUE! #VALUE! (4,164,496.05) (4,164,501.94)
Treasury Shares ### - - - - -
NOTES RECEIVABLE
OTHER RECEIVABLES:
Advances to Stockholders
Total Other Receivables - - -
PREPAID EXPENSES
Prepaid 2,626.00 2,626.00 2,626.00
Input Tax 333,739.76 333,739.76 333,739.76
Total Prepaid Expenses 336,365.76 336,365.76 336,365.76
Other Current Assets (Prepaid tax)
FIXED ASSETS
Office Furniture & Fixtures ### 396,475.00 396,475.00 396,475.00
Less Accumulated Depreciation ### (396,475.00) (396,475.00) (396,475.00)
Office Furniture & Fixtures - Net ### 0.00 0.00 0.00
Office Equipment ### 1,452,292.18 1,452,292.18 1,452,292.18
Less Accumulated Depreciation ### (1,452,292.18) (1,452,292.18) (1,452,292.18)
Office Equipment - Net ### 0.00 0.00 0.00
Office Vehicle ###
Less Accumulated Depreciation ###
Office Vehicle - Net ###
Condominium unit ###
Less Accumulated Depreciation ###
Condominium unit - net ### - - -
OTHER ASSETS
INVESTMENTS
Investment Property
Investment - Others
Total Investments - - -
OTHER DEPOSITS
Rent Deposit
Light, Water & Telephone Deposit
Total Other Deposits - - -
LIABILITIES
CURRENT LIABILITIES
Accounts Payable (42,052.54) 7,947.46 -
Income tax pay (Prepaid tax) - - -
Lease Liabilities - - -
Accrued Expense 354,753.00 249,292.15 104,872.57
Accounts Payable - Others
Commission Fee Payable
Total Accounts Payable & Accruals 312,700.46 257,239.61 104,872.57
NON-CURRENT LIABILITIES
UNEARNED INCOME
Pensioners - current 4,248,281.21 4,289,713.65 4,168,544.46
Character Loan 152,260.25 148,255.25 171,710.50
Total Unearned Income ### 4,400,541.46 4,437,968.90 4,340,254.96
Retirement Payable
STOCKHOLDERS' EQUITY
RETAINED EARNINGS
Retained Earnings, beg. (1,892,376.00) (1,892,376.00) (1,892,376.00)
Prior Period Adjustments
Net Income (312,818.59) (264,273.75) (233,930.89)
Dividends (2,000,000.00) (2,000,000.00) (2,000,000.00)
Retained Earnings, end ### (4,205,194.59) (4,156,649.75) (4,126,306.89)
Treasury Shares ### - - -
TIN : 206321160-0000
WITHHOLDING AGENT'S NAME: FACIL LENDING CORP
SEQ TAXPAYER REGISTERED NAME NAME OF PAYEES ATC CODE AMOUNT OF RATE OF TAX AMOUNT OF
NO IDENTIFICATION (Last Name, First Name, Middle Name) INCOME PAYMENT TAX WITHHELD
NUMBER
(1) (2) (3) (4) (5) (6) (7) (8)
----------- ---------------------------- --------------------------------- ---------------------------- --------------------- ------------------------------ ------------------------------ ------------------------------
1 601-419-805-0000 KIYOCO SPACE RENTAL WI100 126,315.84 5% 6,315.79
Grand Total : ----------------------------
6,315.79
====================
END OF REPORT
BIR FORM 1604C - SCHEDULE 1
ALPHABETICAL LIST EMPLOYEES (Declared and Certified using BIR Form No. 2316)
AS OF DECEMBER 31,2022
TIN : 206321160-0000
P R E S E N T E M P L O Y E R
N O N - T A X A B L E
SEQ NAME OF EMPLOYEES NATIONALITY/ CURRENT EMPLOYMENT REASON OF GROSS 13th MONTH PAY DE MINIMIS SSS, GSIS, PHIC & SALARIES (P250K & below) &
(Last
NOName, First Name, Middle Name) RESIDENT STATUS (*) EMPLOYMENT SEPARATION (**) COMPENSATION & OTHER BENEFITS BENEFITS PAG-IBIG CONTRIBUTIONS OTHER FORMS OF
(for foreigners only) From To INCOME AND UNION DUES COMPENSATION
(present employer) (employees share only)
(1) (2a)(2b)(2c) (3) (4) (5a) (5b) (6) 7a=(7f+7j) (7b) (7c) (7d) (7e)
----------- ----------------------------- ------------------------------ ---------------------------- ---------------------- ------------------------------------------------------------ ----------------------- ------------------------------ ------------------------------ -------------------------------------- --------------------------
1 BAYCA, ROWENA BALIGUAT FILIPINO R 1/1/2022 12/31/2022 252,725.08 17,276.00 31,833.08 11,576.25 0.00
2 CRUZ, DONAVEL DEL ROSARIO FILIPINO R 1/1/2022 12/31/2022 253,394.91 17,276.00 32,502.91 14,754.16 0.00
3 CRUZ, JOSE BERNARDO FILIPINO
PUYO R 1/1/2022 12/31/2022 275,323.00 21,463.00 0.00 18,210.28 0.00
4 IGNACIO, SHAREN BONGOLAN FILIPINO R 1/1/2022 12/31/2022 250,900.54 17,276.00 30,008.54 14,754.16 0.00
----------------------- ----------------------------- --------------------------- ------------------------------------- --------------------------
Grand Total : 1,032,343.53 73,291.00 94,344.53 59,294.85 0.00
============== =================== ================== ======================= ================
END OF REPORT
BIR FORM 1604C - SCHEDULE 1
ALPHABETICAL LIST EMPLOYEES (Declared and Certified using BIR Form No. 2316)
AS OF DECEMBER 31,2022
TIN : 206321160-0000
P R E S E N T E M P L O Y E R P R E V I O U S E M P L O Y E R
T A X A B L E
SEQ NAME OF EMPLOYEES NATIONALITY/ TOTAL BASIC SALARY 13th MONTH PAY SALARIES & OTHER TOTAL TAXABLE TAXPAYER EMPLOYMENT PERIOD OF
(Last
NOName, First Name, Middle Name) RESIDENT NON-TAXABLE/EXEMPT(Net of SSS,GSIS,PHIC, & OTHER BENEFITS FORMS OF COMPENSATION INCOME IDENTIFICATION STATUS (*) EMPLOYMENT SEPARATION, if applicable (**)
(for foreigners only) COMPENSATION INCOME HDMF Contri & Union Dues)(In excess of Threshold) COMPENSATION (present employer) NUMBER From To
(present employer)
(1) (2a)(2b)(2c) (3) 7f=(7b+7c+7d+7e) (7g) (7h) (7i) 7j=(7g+7h+7i) (8) (9) (10a) (10b)
----------- ----------------------------- ------------------------------ -------------------------------- ------------------------------ ---------------------------------- ---------------------------- ---------------------------- ------------------------------- ---------------------------- ----------------------------- ------------------------------
1 BAYCA, ROWENA BALIGUAT FILIPINO 192,039.75 0.00 0.00 0.00 0.00 201-827-168-0000 R 1/1/2022 12/31/2022
2 CRUZ, DONAVEL DEL ROSARIO FILIPINO 188,861.84 0.00 0.00 0.00 0.00 191-571-427-0000 R 1/1/2022 12/31/2022
3 CRUZ, JOSE BERNARDO FILIPINO
PUYO 235,649.72 0.00 0.00 0.00 0.00 165-570-042-0000 R 1/1/2022 12/31/2022
4 IGNACIO, SHAREN BONGOLAN FILIPINO 188,861.84 0.00 0.00 0.00 0.00 211-182-213-0000 R 1/1/2022 12/31/2022
-------------------------------- ------------------------------ ---------------------------------- ---------------------------- --------------------------------------
Grand Total : 805,413.15 0.00 0.00 0.00 0.00
=================== ================== ======================= ================= =========================
END OF REPORT
BIR FORM 1604C - SCHEDULE 1
ALPHABETICAL LIST EMPLOYEES (Declared and Certified using BIR Form No. 2316)
AS OF DECEMBER 31,2022
TIN : 206321160-0000
P R E S E N T E M P L O Y E R
N O N - T A X A B L E T A X A B L E TOTAL TAXABLE TOTAL TAXABLE
SEQ NAME OF EMPLOYEES NATIONALITY/ REASON OF GROSS 13th MONTH PAY DE MINIMIS SSS, GSIS,
SALARIES
PHIC &
(P250K
TOTAL
& below)
NON-TAXABLE/
& BASIC SALARY
13th MONTH
SALARIES
PAY & OTHER
COMPENSATIONCOMPENSATION INCOME
(Last
NOName, First Name, Middle Name) RESIDENT SEPARATION, if applicable (**)
COMPENSATION & OTHER BENEFITS BENEFITS PAG-IBIG CONTRIBUTIONSEXEMPT
OTHER COMPENSATION(Previous
FORMS OF (Net of SSS,GSIS,PHIC,
Employer)
& OTHER BENEFITS FORMS(previous
OF employer) (Present and
(for foreigners only) PREVIOUS EMPLOYER AND UNION DUES COMPENSATION HDMF Contri & Union Dues) COMPENSATION Previous Employer)
(employees share only)
(1) (2a)(2b)(2c) (3) (11) 12a=(12f+12j) (12b) (12c) (12d) (12e)
12f=(12b+12c+12d+12e) (12g) (12h) (12i) 12j=(12g+12h+12i) 13=(7j+12j)
----------- ----------------------------- ------------------------------ ------------------------------ ---------------------------- ------------------------------------- ------------------------------ ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- ----------------------------------------
1 BAYCA, ROWENA BALIGUAT FILIPINO 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 CRUZ, DONAVEL DEL ROSARIO FILIPINO 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3 CRUZ, JOSE BERNARDO FILIPINO
PUYO 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4 IGNACIO, SHAREN BONGOLAN FILIPINO 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
---------------------------- ------------------------------------- ------------------------------ ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- ----------------------------------------
Grand Total : 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
================= ======================= =================== ==============================================================================================
END OF REPORT
BIR FORM 1604C - SCHEDULE 1
ALPHABETICAL LIST EMPLOYEES (Declared and Certified using BIR Form No. 2316)
AS OF DECEMBER 31,2022
TIN : 206321160-0000
P R E S E N T E M P L O Y E R
TAX WITHHELD
Y E A R - E N D A D J U S T M E N T (16a or 16b)
SEQ NAME OF EMPLOYEES NATIONALITY/ TAX DUE (Jan. - Nov.) AMT WITHHELD OVER AMOUNT OF SUBSTITUTED
TAX FILING
(Last
NOName, First Name, Middle Name) RESIDENT (Jan. - Dec.)
PREVIOUS EMPLOYER PRESENT EMPLOYER & PAID FOR WITHHELD
IN TAX
WITHHELD AS YES/NO
(for foreigners only) DECEMBER or LastREFUNDED Salary TOADJUSTED ***
EMPLOYEE
(1) (2a)(2b)(2c) (3) (14) (15a) (15b) 16a=14-(15a+15b) 16b=(15a+15b)-14
17=(15b+16a) OR (15b-16b) (18)
----------- ----------------------------- ------------------------------ ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------------------------
1 BAYCA, ROWENA BALIGUAT FILIPINO 0.00 0.00 0.00 0.00 0.00 0.00
2 CRUZ, DONAVEL DEL ROSARIO FILIPINO 0.00 0.00 0.00 0.00 0.00 0.00
3 CRUZ, JOSE BERNARDO FILIPINO
PUYO 0.00 0.00 0.00 0.00 0.00 0.00
4 IGNACIO, SHAREN BONGOLAN FILIPINO 0.00 0.00 0.00 0.00 0.00 0.00
---------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------------------------
Grand Total : 0.00 0.00 0.00 0.00 0.00 0.00 0.00
==================================================================================
END OF REPORT
BIR FORM 1604C - SCHEDULE 2
ALPHABETICAL LIST OF MINIMUM WAGE EARNERS (Declared and Certified using BIR Form No. 2316)
AS OF DECEMBER 31,2022
TIN : 206321160-0000
P R E S E N T E M P L O Y E R
Grand Total :
END OF REPORT
P L O Y E R
N O N - T A X A B L E
REASON OF GROSS BASIC SMW BASIC SMW
EMPLOYMENT SEPARATION (**) COMPENSATION PER DAY PER MONTH
From To (present employer)
BOOK BANK
- -
2021
MONTH
2022
MONTH
-
FACIL LENDING CORP.
SSS, MEDICARE & PAG-IBIG payable
JANUARY-DECEMBER 2022
TOTAL
AP
DATE PARTICULARS As of DEC 2022
TOTAL - -
FACIL LENDING CORPORATION
SCHEDULE OF ACCRUED EXPENSE
AS OF DECEMBER 2022
TOTAL
13TH PROF. FEE ACCRUALS
DATE PARTICULARS MONTH SL/VL AUDITED FS As of DECEMBER 2022
2021
12/31/2021 BALANCE FORWARDED 4,430.25 76,446.11 37,796.00 118,672.36
JAN 2022 PAYMENT ACCEPTANCE FEE AUDITED FS 2021 -
JAN 2022 PAYMENT SL VL 2021 50% (52,136.07) (52,136.07)
JAN 2022 13th Month Pay 2022 (130,000 /11= 10,800) -
JAN 2022 SL/VL 2022 (130,000 /12= 10,800) 10,800.00 10,800.00
FEB 2022 13th Month Pay 2022 (130,000 /11= 10,800) -
FEB 2022 SL/VL 2022 (130,000 /12= 10,800) -
FEB 2022 AUDITOR'S FEE & ACTUARIAL FEE 2022 27,536.28 27,536.28
MAR 2022 13th Month Pay 2022 (130,000 /11= 10,800) -
MAR 2022 SL/VL 2022 (130,000 /12= 10,800) -
MAR 2022 AUDITOR'S FEE & ACTUARIAL FEE 2022 -
APR 2021 13th Month Pay 2022 (130,000 /11= 10,800) -
APR 2021 SL/VL 2022 (130,000 /12= 10,800) -
MAY 2022 13th Month Pay 2022 (130,000 /11= 10,800) 54,000.00 54,000.00
MAY 2022 SL/VL 2022 (130,000 /12= 10,800) 54,000.00 54,000.00
JUN 2022 13th Month Pay 2022 (130,000 /11= 10,800) 10,800.00 10,800.00
JUN 2022 SL/VL 2022 (130,000 /12= 10,800) 10,800.00 10,800.00
JUL 2022 13th Month Pay 2022 (130,000 /11= 10,800) 10,800.00 10,800.00
JUL 2022 SL/VL 2022 (130,000 /12= 10,800) 10,800.00 10,800.00
AUG 2022 13th Month Pay 2022 (130,000 /11= 10,800) 10,800.00 10,800.00
AUG 2022 SL/VL 2022 (130,000 /12= 10,800) 10,800.00 10,800.00
SEP 2022 13th Month Pay 2022 (130,000 /11= 10,800) 10,800.00 10,800.00
SEP 2022 SL/VL 2022 (130,000 /12= 10,800) 10,800.00 10,800.00
OCT 2022 13th Month Pay 2022 (130,000 /11= 10,800) 13,711.00 13,711.00
OCT 2022 SL/VL 2022 (130,000 /12= 10,800) 10,800.00 10,800.00
NOV 2022 13th Month Pay 2022 (130,000 /11= 10,800) -
NOV 2022 SL/VL 2022 (130,000 /12= 10,800) 5,450.15 5,450.15
NOV 2022 PAYMENT FOR 13TH MONTH PAY 2022 (110,911.00) (110,911.00)
DEC 2022 PAYMENT SL VL 2022 (113,450.15) (113,450.15)
2022 2021
INTEREST INCOME-PENSIONER
JANUARY 145,752.62 9,561.16
FEBRUARY 147,959.95 249,099.48
MARCH 4,108.91 183,673.12
APRIL 147,619.39 54,217.76
MAY 220,988.30 84,998.70
JUNE 113,504.50 206,309.81
JULY 196,833.47 207,374.05
AUGUST 187,665.37 189,572.20
SEPTEMBER 165,707.06 185,686.90
OCTOBER 134,520.55 241,582.62
NOVEMBER 203,511.21 235,081.37
DECEMBER 173,342.13 145,345.47
2022 2021
BANK INTEREST
JANUARY 6.86 16.24
FEBRUARY 9.60 12.46
MARCH 6.40 11.28
APRIL 4.94 14.45
MAY 4.09 20.24
JUNE 6.64 14.46
JULY 4.43 14.59
AUGUST 5.34 11.20
SEPTEMBER 6.06 20.13
OCTOBER (5.34) 22.98
NOVEMBER 18.51
DECEMBER 15.01 18.47
SUMMARY OF
DOCUMENTARY STAMP TAX
DECLARATION
(BIR FORM NO. 2000)
TOTAL
PN Tax Tax Due Penalty DOCS STAMP
For the Month for the Month Rate for the Month Paid
2022
January - 1.5/200 0.00 0.00
February 1,200,000.00 1.5/200 9,000.00 9,000.00
March - 1.5/200 1.50 1.50
April 1,200,000.00 1.5/200 9,000.00 9,000.00
May 1,200,000.00 1.5/200 9,000.00 9,000.00
June 720,000.00 1.5/200 5,400.00 5,400.00
July 1,086,000.00 1.5/200 8,145.00 8,145.00
August 1,062,000.00 1.5/200 7,965.00 7,965.00
September 1,044,000.00 1.5/200 7,830.00 7,830.00
October 1,242,000.00 1.5/200 9,315.00 9,315.00
November 1,170,000.00 1.5/200 8,775.00 8,775.00
December 814,750.00 1.5/200 6,110.63 6,110.63
SUMMARY OF
MONTHY VALUE-ADDED TAX
DECLARATION
(BIR FORM NO. 2550-M & 2550-Q)
TOTAL
Gross Receipts Tax Tax Due Input Value-added Tax Penalty Value-added Tax
For the Month for the Month Rate for the Month ADJUSTMENT Taxes Paid Paid
2022
January 145,752.62 12% 17,490.31 3,542.04 13,948.27 13,948.27
February 147,959.95 12% 17,755.19 182.04 17,573.15 17,573.15
March 4,108.93 12% 493.07 182.04 311.03 311.03
April 147,619.39 12% 17,714.33 1,982.04 15,732.29 15,732.29
May 220,988.29 12% 26,518.59 1,622.04 24,896.55 24,896.55
June 113,504.50 12% 13,620.54 182.04 13,438.50 13,438.51
July 196,833.47 12% 23,620.02 182.04 23,437.98 23,437.98
August 187,665.37 12% 22,519.84 182.04 22,337.80 22,337.80
September 165,707.06 12% 19,884.85 182.04 19,702.81 19,702.81
October 134,520.55 12% 16,142.47 182.04 15,960.43 15,960.43
November 203,511.21 12% 24,421.35 182.04 24,239.31 24,239.31
December 173,342.13 12% 20,801.06 182.04 20,619.02 20,619.02
2022 2021
Payments of:
Interest Expense
Prior Period Adjustments
Payment of Dividends
Retirement Payable
Others
Advances from Shareholders
Net Cash provided by Financing Activities -
Net Increase (Decrease) in Cash and Cash Equivalents (11,137.20)
Cash and Cash Equivalents, Beginning of the Year 975.00
Cash and Cash Equivalents, End of Year (10,162.20)
Years Ended December 31
2012
-
-
-
-
975.00
FACIL LENDING CORP.
Schedule of Accounts Payable - Others
AS OF DECEMBER 31, 2013
Authorized Shares
Authorized Shares - beginning of the year 200,000.00 200,000
Additional Authorized Shares during the year -
Authorized Shares - end of the year 200,000.00 200,000
with schedule/summary
12. RCBC TRUST FUND FOR RETIREMENT FUND DEC 31, 2022
FACIL LENDING CORPORATION
#19 PANGUSTURA ST. MIDTOWN 3 SUBD. SAN ROQUE MARIKINA CITY
13.SUMMARY OF AGING OF
NOTES RECEIVABLE