Gain on Sale Interest Income from local bank deposits Other Income - Internet Realized Foreign Currency Gains. Total Other Income Less Operating Expenses Advertising Expense Bad Debts Expense Donations and other Contributions Dues and Subscriptions Freight & Courier Interest Expense Legal expenses Licenses and Registrations Miscellaneous Expense Professional Fees Realized Foreign Currency Loss Representation Expense Retirement Expense Salaries Expense Taxes Expense Total Operating Expenses Net Profit Previous year's ITR showed: . 0.00 Excess MCIT over NCIT of 9,654 Excess Creditable Withholding Tax of 6,543 Net Operating Loss Carry Over of 11,700 4.21 0.00 0.00 4,897.45 0.00 4,272.00 1,057,246.62 21,566.98 2,473.93 15,236.82 45,359.67 0.00 86.22 23,361.15 30,048.47 11,589.89 453,105.69 958,061.88 0.00 2,622,409.32 (598,412.04) 0.00 14,356.59 0.00 0.00 22,512.00 35,782.40 4,287.00 1,114,164.88 19,289.23 509.26 18,404.51 13,562.40 0.00 2,300.20 23,314.44 42,378.84 3,622.81 21,983.97 21,606.13 42,377.69 10,080.22 0.00 94,375.50 0.00 38.03 21,485.75 54,024.39 4,341.94 500.51 23,304.02 3,697.47 806,799.54 593,691.10 19,634.74 18,477.50 0.00 0.00 0.00 31,014.74 0.00 31,392.62 0.00 2,985.43 0.00 26,348.01 27,580.18 870.75 Relevant information in relation to the company's Profit and Loss Statement: Only 10,241.90 of the bad debts expense are actually written off. Donations and other contributions consists of 60% fully deductible donations, while the rest are partially deductible. Taxes paid are those paid to local government units for business taxes. 651.36 10,962.06 12,893.71 8,654.59 477,499.24 345,771.23 254,439.04 956,538.81 953,250.00 953,250.00 23,254.26 21,094.13 0.00 2,718,993.27 2,276,756.07 1,931,296.35 (12,534.22) 383,169.63 354,387.74 Company information on Premium Internet and Telecommunications Company are as follows: Established under the Philippine laws Operations started in the year 2014 Accounting period is calendar year Used the itemized deduction in their previous year income tax return. Profit and Loss per quarter for the year ended December 2021: Income GetaFix Internet - Direct Internet Access Internet - Lite Internet-SME- Fiber SME 50 IP Addresses Layer 2 Ports Rackspace - Colocation - Vitro Pasig City Relocation/Reconnection/Callouts Resale - Cross Connect Resale - Rackspace Setup and Installation Sales Allowance - Setup and Installation Sales Allowances & Discounts - Direct Internet Access Sales Allowances & Discounts - GetaFix Sales Allowances & Discounts - Layer 2 Ports Sales Allowances & Discounts - Resale - Cross Connect Sales Allowances & Discounts -SME- Fiber SME 50 Total Income Less Cost of Sales COS-Depreciation - Junipers COS-Internet COS-Staff Cost-Sales Commission Total Cost of Sales Gross Profit Profit and Loss Premium Internet and Telecommunications Company For the Calendar Year Ended December 31, 2021 Plus Other Income Early Termination Fee - Internet Dec-21 248,221.97 0.00 (2,163.92) (116.85) (2,479.64) (84.10) (91.57) 2,437,670.40 802,722.80 1,179,971.19 1,144,361.77 979,223.82 561,905.96 825,979.83 801.053.24 685,456.67 168,571.79 247,793.95 21,494.20 481,521.16 83,405.69 8,340.57 42,379.13 11,684.84 12,358.37 6,317.78 Sep-21 0.00 240,001.33 4,893.24 83,257.87 8,325.79 29,881.99 7,784.92 6,317.78 412,252.79 415,768.98 240,315.97 205,637.00 23,438.32 18,856.16 15,815.32 457,286.97 410,312.37 402,493.62 94,739.79 9,473.98 35,155.38 2,791.58 3,106,033.81 0.00 418,570.57 422,086.76 Jun-21 2,019,099.82 2,683,947.05 Mar-21 190,710.78 87,036.94 8,155.41 9,264.94 81,546.25 (1,939.77) (3,414.32) (2,760.03) (13,056.07) (116.68) (310.71) (1,959.64) (344.21) (83.92) (55.90) (93.25) (186.45) (124.02) 0.00 50,000.51 5,000.05 0.00 40,107.52 (775.40) (6,783.20) (155.08) (652.13) 0.00 3,009,158.03 2,465,073.21 6,317.78 6,317.77 416,092.51 204,463.96 21,197.54 443,607.83 210,781.73 0.00 2,565,550.20 2,254,291.48 16,310.81 9,786.49