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Comparative Income Statement - Nelia Victolero
1. COMPARATIVE INCOME STATEMENT
For the year ended December 31, 2005
(With comparative year 2004)
2005 2004
Income generated from Internet Café P 576,556.65 P 562,553.35
Income generated from Consultancy 260,000.00 260,000.00
Income generated from Lancom 956,785.00 724,988.00
Gross Income P 1,793,341.65 P 1,547,541.35
2. Less: Operating Expenses
Repairs & Maintenance P 84,512.00 72,000.00
Aid Allowance 375,500.00 364,000.00
Communication, Light & Water 193,705.25 199,125.00
Taxes & Licenses 14,052.35 12,849.15
Transportation & Travel 32,054.65 24,851.00
Representation 65,126.00 62,852.00
Depreciation Expenses 72,000.00 72,000.00
Office Supplies 14,051.55 11,351.50
Software Licenses 24,000.00 254,000.00
Hardware Upgrading 150,000.00 250,000.00
Total Operating Expenses P 1,025,001.80 P 1,323,028.65
NET INCOME P 768,339.85 P 224,512.70
Difference of P 543,827.15