We have audited your accompanying statement of financial performance as of

December 31, 2016 and the related statement of financial position for the year
ended.

Management is responsible for the preparation and fairness of these financial

statements in accordance with Philippine Financial Reporting Standards. This
responsibility includes: designing, implementing, and maintaining internal control
relevant to the preparation and fair presentation of financial statements that are
free from material misstatement, whether due to fraud or error, selecting and
applying appropriate accounting policies, and making accounting estimates that are
reasonable in the circumstances.

Our responsibility is to express an opinion on these financial statements based on

our audit. We conducted our audit in accordance with Philippine Standards on
Auditing. Those standards require that we comply with ethical requirements and
plan and perform the audit to obtain reasonable assurance whether the financial
statements are free from material misstatements. An audit involves performing
procedures to obtain evidence about the amounts and disclosures in the financial
statements. The procedures selected depend on the auditors judgments, including
the assessment of the risk of material misstatement of the financial statements,
whether due to fraud or error in making those risk assessments, the auditor
considers control relevant to the entitys preparation and fair presentation of the
financial statements in order to design audit procedures that are appropriate in the
entitys internal control. An audit includes evaluating the appropriateness of
accounting policies used and the reasonableness of accounting estimates made by
management, as well as evaluating the overall presentation of financial statements.

We believe that the audit we have obtained is sufficient and appropriate to provide
a basis for our audit opinion.

In our opinion, the financial statements cited above present fairly, in all material
respects, your financial position as of December 31, 2016 and the results of your
operation for the years then ended in accordance with Philippine Financial Reporting
Standards.
BOA SPACE RENTALS
Statement of Financial Position
As of December 31, 2016

Assets

Cash 480 000

Building 2 575 000

Less: Accumulated Depreciation 686 667

Land 1 687 500

Total Assets 4 055 833

Networth

Abayon, Capital 3 646 966

Net Income 408 867

Total Capital 4 055 833

BOA SPACE RENTALS
Income Statement
For the year ended December 31, 2016

Rent Revenue 540 000

Expenses:
Depreciation 85 833
Utilities 45 300 131 133
Net Income 408 867