PAM CORP.

and Subsidiary
Consolidation Working Paper
for the Year Ended December 31, 2013

Adjustment & Elimination

Accounts Pam Sadi
Dr.
Income Statement
Sales 800,000 400,000 100,000
Dividend Income 60,000 - 60,000
Constructive Gain/Loss - - -
Interest Revenue - 15,035 15,035
COGS 400,000 200,000 6,000
Depreciation Expense 110,000 30,000
Interest Expense 37,588 -
Other Expenses 179,912 50,035 8,000
NCI Share 31,750
Net Income 132,500 135,000
Retained Earnings, Begin 605,000 380,000 380,000
Dividend 100,000 80,000

Retained Earnings, End 637,500 435,000

Balance Sheet
Cash 90,000 25,670
Accounts Receivable 90,000 60,000
Interest Receivable - 8,000
Inventory 100,000 80,000
Supplies 70,000 90,000
Land 245,000 150,000
Building 205,000 150,000
Acc. Depreciation - Building 120,000 50,000
Equipment 480,000 320,000
Acc. Depreciation - Equipment 80,000 20,000
Investment in Sadi Corp. 540,000

Investment in Bonds - 166,330

Patent 40,000
Total Assets 1,620,000 980,000

Accounts Payable 146,675 245,000

Interest Payable 20,000 - 8,000
Bonds Payable 415,825 - 166,330
Capital Stock 400,000 300,000 300,000
Retained Earnings 637,500 435,000
NCI

Total Liabilities and Equity 1,620,000 980,000

1,115,116
ent & Elimination
Consolidated
Cr.

1,100,000
-
- -
-
100,000 506,000
140,000
15,035 22,553
237,947
31,750
161,750
605,000
20,000
60,000 100,000
666,750

115,670
150,000
8,000 -
6,000 174,000
160,000
395,000
355,000
170,000
800,000
100,000
540,000
-
166,330 -
8,000 32,000
1,911,670

391,675
12,000
249,495
400,000
666,750
180,000
11,750 191,750
1,911,670
1,115,116
 PAM CORP. and Subsidiary
Consolidation Working Paper
for the Year Ended December 31, 2013

Adjustment & Elimination

Accounts Pam Sadi
Dr.
Income Statement
Sales 800,000 400,000 100,000
Dividend Income 60,000 - 60,000
Constructive Gain/Loss - -

Interest Revenue - 7,760 7,760

COGS 400,000 200,000 6,000
Depreciation Expense 110,000 30,000
Interest Expense 37,588 -
Other Expenses 179,912 57,760 8,000
NCI Share 28,000
Net Income 132,500 120,000
Retained Earnings, Begin 605,000 380,000 380,000
Dividend 100,000 80,000

Retained Earnings, End 637,500 420,000

Balance Sheet
Cash 90,000 13,873
Accounts Receivable 90,000 60,000
Interest Receivable - 8,000
Inventory 100,000 80,000
Supplies 70,000 90,000
Land 245,000 150,000
Building 205,000 150,000
Acc. Depreciation - Building 120,000 50,000
Equipment 480,000 320,000
Acc. Depreciation - Equipment 80,000 20,000
Investment in Sadi Corp. 540,000

Investment in Bonds - 163,127

Patent 40,000
Total Assets 1,620,000 965,000

Accounts Payable 146,675 245,000

Interest Payable 20,000 - 8,000
Bonds Payable 415,825 - 166,330
Capital Stock 400,000 300,000 300,000
Retained Earnings 637,500 420,000
NCI

Total Liabilities and Equity 1,620,000 965,000

1,104,090
ent & Elimination
Consolidated
Cr.

1,100,000
-
3,204
253 3,457
-
100,000 506,000
140,000
7,507 30,081
245,672
28,000
153,703
605,000
20,000
60,000 100,000
658,703

103,873
150,000
8,000 -
6,000 174,000
160,000
395,000
355,000
170,000
800,000
100,000
540,000
-
163,127 -
8,000 32,000
1,899,873

391,675
12,000
249,495
400,000
658,703
180,000
8,000 188,000
1,899,874
1,104,090
PT. Peter membeli 75% kepemilikan PT. Ser pada awal 2010, ketika nilai buku aset netto PT. Ser sama deng

Pada tahun 2011 PT. Peter menjual $50,000 barang dagang ke PT. Ser dan pada akhir tahun masih tersisa u
Laba yang belum terealisasi pada akhir 2010 $12,000 dan akhir 2011 sebesar $15,000.

Pada tanggal 1 Juli 2011, PT. Peter menjual pabrik ke PT. Ser dengan keuntungan $30,000.
Bangunan masih dapat digunakan 10 tahun lagi dan masih digunakan PT. Ser.
Keuntungan tanah $10,000 dan keuntungan penjualan bangunan $20,000.

PT. Peter menerbitkan 10% obligasi $200,000 pada tanggal 1 Januari 2011.
Tingkat bunga pasar pada saat itu 12%.
Bunga dibayar pada tanggal 31 Desember.
Obligasi akan jatuh tempo pada tanggal 1 Januari 2015.
Pada tanggal 31 Desember 2011, PT. Ser membeli 40% obligasi PT. Peter seharga $82,590.

COST METHOD

PT. PETER dan Anak Perusahaan

Laporan Keuangan Konsolidasi
per 31 Desember 2011

Accounts Peter Ser

Income Statement
Sales 710,000 530,000
Dividend Income 60,000 -
Gain on Sale of Plant Asset 30,000 -
Constructive Gain/Loss - -
COGS 490,000 370,000

Depreciation Expense 76,000 40,000

Interest Expense 22,542 -
Other Operating Expenses 61,458 60,000
NCI Share
Net Income 150,000 60,000
Retained Earnings, Begin 150,000 100,000

Dividend 160,000 80,000

Retained Earnings, End 140,000 80,000

Balance Sheet
Cash 22,500 92,410
Accounts Receivable 40,000 35,000
Inventory 70,000 50,000
Land 90,000 70,000
Building - Net 150,000 140,000
Equipment - Net 130,000 90,000
Investment in PT. Ser 337,500

Investment in Bonds - 82,590

Total Assets 840,000 560,000

Accounts Payable 109,607 80,000

Bonds Payable 190,393 -
Capital Stock 400,000 400,000
Retained Earnings 140,000 80,000
NCI

Total Liabilities and Equity 840,000 560,000

Retained Earnings - PT. Ser (1/1/2011) 100,000

Retained Earnings - PT. Ser (1/1/2010) (50,000)
(($337,500 75%) - $400,000)
Retained Earnings change 50,000
Investment in PT. Ser adjustment (75%) 37,500

Investment in PT. Ser

Retained Earnings - PT. Peter

Capital Stock - PT. Ser

Retained Earnings - PT. Ser (1/1/2011)
Investment in PT. Ser
NCI

Intercompany Transactions of Inventory (downstream):

Sales
COGS

Realized Profit (2010):

Retained Earnings - PT. Peter
COGS

Unrealized Profit (2011):

COGS
Inventory

Accounts Payable - PT. Ser

 Accounts Receivable - PT. Peter

Sale of Plant Asset (downstream):

Gain on Sale of Plant Asset
Land
Building - Net

Piecemeal Recognition on Sale of Plant Asset (downstream):

Building - Net
Depreciation Expense
($20,000 x 6/12 x 1/10)

Bonds Payable Amortization Schedule:

$200,000 x PV-12%,4 127,104
$20,000 x PVOA-12%,4 60,747
187,851

Date Interest
Paid
1/1/2011
1/1/2012 20,000
1/1/2013 20,000
1/1/2014 20,000
1/1/2015 20,000

Constructive Retirement of Bonds (downstream):

Bonds Payable*
Constructive Loss
Investment in Bonds
*(40% x $190,393)

Net Income - PT. Ser 60,000

25% NCI Share 15,000

NCI Share
NCI
Dividend - PT. Ser

Dividend Income
Dividend - PT. Ser
 buku aset netto PT. Ser sama dengan nilai wajarnya.

dan pada akhir tahun masih tersisa utang piutang sebesar $20,000.
besar $15,000.

untungan $30,000.

er seharga $82,590.

nak Perusahaan
an Konsolidasi
mber 2011

Adjustment & Elimination

Consolidated
Dr. Cr.

50,000 1,190,000
60,000 -
30,000 -
6,433 6,433
15,000 50,000
12,000 813,000
1,000 115,000
22,542
121,458
15,000 15,000
96,567
100,000 37,500
12,000 175,500
20,000
60,000 160,000
112,067

114,910
20,000 55,000
15,000 105,000
10,000 150,000
1,000 20,000 271,000
220,000
 37,500 375,000
-
82,590 -
915,910

20,000 169,607
76,157 114,236
400,000 400,000
112,067
5,000 125,000
120,000
915,910
828,090 828,090

37,500
37,500

400,000
100,000
375,000
125,000

50,000
50,000

12,000
12,000

15,000
15,000

20,000
 20,000

30,000
10,000
20,000

1,000
1,000

Interest Amortization Carrying

Expense Amount
187,851
22,542 2,542 190,393
22,847 2,847 193,240
23,189 3,189 196,429
23,571 3,571 200,000

76,157
6,433
82,590

15,000
5,000
20,000

60,000
60,000
EQUITY METHOD

PT. PETER dan Anak Perusahaan

Laporan Keuangan Konsolidasi
per 31 Desember 2011

Accounts Peter Ser

Income Statement
Sales 710,000 530,000
Income from Investment 6,567 -
Gain on Sale of Plant Asset 30,000 -
Constructive Gain/Loss - -
COGS 490,000 370,000

Depreciation Expense 76,000 40,000

Interest Expense 22,542 -
Other Operating Expenses 61,458 60,000
NCI Share
Net Income 96,567 60,000
Retained Earnings, Begin 175,500 100,000

Dividend 160,000 80,000

Retained Earnings, End 112,067 80,000

Balance Sheet
Cash 22,500 92,410
Accounts Receivable 40,000 35,000
Inventory 70,000 50,000
Land 90,000 70,000
Building - Net 150,000 140,000
Equipment - Net 130,000 90,000
Investment in PT. Ser 309,567

Investment in Bonds - 82,590

Total Assets 812,067 560,000

Accounts Payable 109,607 80,000

Bonds Payable 190,393 -
Capital Stock 400,000 400,000
Retained Earnings 112,067 80,000
NCI

Total Liabilities and Equity 812,067 560,000

Investment in PT. Ser adjustment (75%) 37,500

Unrealized Profit (2010) (12,000)
Investment in PT. Ser addition (2010) 25,500

Investment in PT. Ser (1/1/2010) 337,500

Investment in PT. Ser addition (2010) 25,500
Income from Investment (2011) 6,567
Dividend received (2011) (60,000)
Investment in PT. Ser (12/31/2011) 309,567

Retained Earnings PT. Puas in Cost Method (1/1/2011)

Investment in PT. Ser adjustment (75%)
Unrealized Profit (2010)
Retained Earnings PT. Puas in Equity Method (1/1/2011)

Capital Stock - PT. Ser

Retained Earnings - PT. Ser (1/1/2011)
Investment in PT. Ser
NCI

Intercompany Transactions of Inventory (downstream):

Sales
COGS

Realized Profit (2010):

Investment in PT. Ser
COGS

Unrealized Profit (2011):

COGS
Inventory

Accounts Payable - PT. Ser

 Accounts Receivable - PT. Peter

Sale of Plant Asset (downstream):

Gain on Sale of Plant Asset
Land
Building - Net

Piecemeal Recognition on Sale of Plant Asset (downstream):

Building - Net
Depreciation Expense
($20,000 x 6/12 x 1/10)

Constructive Retirement of Bonds (downstream):

Bonds Payable*
Constructive Loss
Investment in Bonds
*(40% x $190,393)

Net Income - PT. Ser 60,000

75% attributable to PT. Peter 45,000
25% NCI Share 15,000

75% attributable to PT. Peter 45,000

Realized Profit (2010) 12,000
Unrealized Profit (2011) (15,000)
Gain on Sale of Plant Asset (30,000)
Piecemeal Recognition on Sale of Plant Asset 1,000
Constructive Loss on Bonds (6,433)
Income from Investment 6,567

NCI Share
NCI
Dividend - PT. Ser

Income from Investment

Investment in PT. Ser
Dividend - PT. Ser
nak Perusahaan
an Konsolidasi
mber 2011

Adjustment & Elimination

Consolidated
Dr. Cr.

50,000 1,190,000
6,567 -
30,000 -
6,433 6,433
15,000 50,000
12,000 813,000
1,000 115,000
22,542
121,458
15,000 15,000
96,567
100,000
175,500
20,000
60,000 160,000
112,067

114,910
20,000 55,000
15,000 105,000
10,000 150,000
1,000 20,000 271,000
220,000
 12,000 375,000
53,433 -
82,590 -
915,910

20,000 169,607
76,157 114,236
400,000 400,000
112,067
5,000 125,000
120,000
915,910
790,590 790,590

150,000
37,500
(12,000)
175,500

400,000
100,000
375,000
125,000

50,000
50,000

12,000
12,000

15,000
15,000

20,000
 20,000

30,000
10,000
20,000

1,000
1,000

76,157
6,433
82,590

15,000
5,000
20,000

6,567
53,433
60,000
PT. Peter membeli 75% kepemilikan PT. Ser pada awal 2010, ketika nilai buku aset netto PT. Ser sama deng

Pada tahun 2011 PT. Peter menjual $50,000 barang dagang ke PT. Ser dan pada akhir tahun masih tersisa u
Laba yang belum terealisasi pada akhir 2010 $12,000 dan akhir 2011 sebesar $15,000.

Pada tanggal 1 Juli 2011, PT. Peter menjual pabrik ke PT. Ser dengan keuntungan $30,000.
Bangunan masih dapat digunakan 10 tahun lagi dan masih digunakan PT. Ser.
Keuntungan tanah $10,000 dan keuntungan penjualan bangunan $20,000.

PT. Peter menerbitkan 10% obligasi $200,000 pada tanggal 1 Januari 2011.
Tingkat bunga pasar pada saat itu 12%.
Bunga dibayar pada tanggal 31 Desember.
Obligasi akan jatuh tempo pada tanggal 1 Januari 2015.
Pada tanggal 31 Desember 2011, PT. Ser membeli 40% obligasi PT. Peter ketika tingkat bunga pasar 9% se

COST METHOD

PT. PETER dan Anak Perusahaan

Laporan Keuangan Konsolidasi
per 31 Desember 2012

Accounts Peter Ser

Income Statement
Sales 800,000 640,000
Dividend Income 60,000 -
Interest Revenue - 7,433
COGS 480,000 384,000

Depreciation Expense 76,000 40,000

Interest Expense 22,847 -
Other Operating Expenses 66,153 63,433
NCI Share
Net Income 215,000 160,000
Retained Earnings, Begin 140,000 80,000

Dividend 150,000 80,000

Retained Earnings, End 205,000 160,000

Balance Sheet
Cash 22,500 86,977
Accounts Receivable 45,000 35,000
Inventory 75,000 50,000
Land 140,000 160,000
Building - Net 150,000 140,000
Equipment - Net 110,000 80,000
Investment in PT. Ser 337,500

Investment in Bonds - 82,023

Total Assets 880,000 634,000

Accounts Payable 81,760 74,000

Bonds Payable 193,240 -
Capital Stock 400,000 400,000
Retained Earnings 205,000 160,000
NCI

Total Liabilities and Equity 880,000 634,000

Retained Earnings - PT. Ser (1/1/2012) 80,000

Retained Earnings - PT. Ser (1/1/2010) (50,000)
(($337,500 75%) - $400,000)
Retained Earnings change 30,000
Investment in PT. Ser adjustment (75%) 22,500

Investment in PT. Ser

Retained Earnings - PT. Peter

Capital Stock - PT. Ser

Retained Earnings - PT. Ser (1/1/2012)
Investment in PT. Ser
NCI

Realized Profit (2011):

Retained Earnings - PT. Peter
COGS
Sale of Plant Asset (downstream):
Retained Earnings - PT. Peter
Land
Building - Net

Piecemeal Recognition on Sale of Plant Asset (downstream):

Building - Net
Depreciation Expense
($20,000 x 1/10)

Bonds Payable Amortization Schedule:

$200,000 x PV-12%,4 127,104
$20,000 x PVOA-12%,4 60,747
187,851

Date Interest
Paid
1/1/2011
1/1/2012 20,000
1/1/2013 20,000
1/1/2014 20,000
1/1/2015 20,000

Constructive Retirement of Bonds (downstream):

Bonds Payable*
Retained Earnings - PT. Peter
Investment in Bonds
*(40% x $193,240)

Interest Revenue
Retained Earnings - PT. Peter
Interest Expense*
*(40% x $22,847)

Net Income - PT. Ser 160,000

25% NCI Share 40,000

NCI Share
Dividend - PT. Ser
NCI
Dividend Income
Dividend - PT. Ser
 buku aset netto PT. Ser sama dengan nilai wajarnya.

dan pada akhir tahun masih tersisa utang piutang sebesar $20,000.
besar $15,000.

untungan $30,000.

er ketika tingkat bunga pasar 9% seharga $82,590.

nak Perusahaan
an Konsolidasi
mber 2012

Adjustment & Elimination

Consolidated
Dr. Cr.

1,440,000
60,000 -
7,433 -
15,000
849,000
2,000 114,000
9,139 13,708
129,586
40,000 40,000
293,706
80,000 22,500
15,000
29,000
4,727
1,706 112,067
20,000
60,000 150,000
255,773

109,477
80,000
125,000
10,000 290,000
 2,000 19,000 273,000
190,000
22,500 360,000

-
82,023 -
1,067,477

155,760
77,296 115,944
400,000 400,000
255,773
120,000
20,000 140,000
1,067,477
739,662 739,662

22,500
22,500

400,000
80,000
360,000
120,000

15,000
15,000
 29,000
10,000
19,000

2,000
2,000

Interest Amortization Carrying

Expense Amount
187,851
22,542 2,542 190,393
22,847 2,847 193,240
23,189 3,189 196,429
23,571 3,571 200,000

77,296
4,727
82,023

7,433
1,706
9,139

40,000
20,000
20,000
60,000
60,000
EQUITY METHOD

PT. PETER dan Anak Perusahaan

Laporan Keuangan Konsolidasi
per 31 Desember 2012

Accounts Peter Ser

Income Statement
Sales 800,000 640,000
Income from Investment 103,273 -
Interest Revenue - 7,433
COGS 480,000 384,000

Depreciation Expense 76,000 40,000

Interest Expense 22,847 -
Other Operating Expenses 66,153 63,433
NCI Share
Net Income 258,273 160,000
Retained Earnings, Begin 112,067 80,000

Dividend 150,000 80,000

Retained Earnings, End 220,340 160,000

Balance Sheet
Cash 22,500 86,977
Accounts Receivable 45,000 35,000
Inventory 75,000 50,000
Land 140,000 160,000
Building - Net 150,000 140,000
Equipment - Net 110,000 80,000
Investment in PT. Ser 352,840

Investment in Bonds - 82,023

Total Assets 895,340 634,000

Accounts Payable 81,760 74,000

Bonds Payable 193,240 -
Capital Stock 400,000 400,000
Retained Earnings 220,340 160,000
NCI

Total Liabilities and Equity 895,340 634,000

Investment in PT. Ser adjustment (75%) 22,500

Unrealized Profit (2011) (15,000)
Gain on Sale of Plant Asset (30,000)
Piecemeal Recognition on Sale of Plant Asset 1,000
Constructive Loss on Bonds (6,433)
Investment in PT. Ser addition (2011) (27,933)

Investment in PT. Ser (1/1/2011) 337,500

Investment in PT. Ser addition (2011) (27,933)
Income from Investment (2012) 103,273
Dividend received (2012) (60,000)
Investment in PT. Ser (12/31/2012) 352,840

Retained Earnings PT. Puas in Cost Method (1/1/2012)

Investment in PT. Ser adjustment (75%)
Unrealized Profit (2011)
Gain on Sale of Plant Asset
Piecemeal Recognition on Sale of Plant Asset
Constructive Loss on Bonds
Retained Earnings PT. Puas in Equity Method (1/1/2012)

Capital Stock - PT. Ser

Retained Earnings - PT. Ser (1/1/2012)
Investment in PT. Ser
NCI

Realized Profit (2011):

Investment in PT. Ser
COGS
Sale of Plant Asset (downstream):
Investment in PT. Ser
Land
Building - Net

Piecemeal Recognition on Sale of Plant Asset (downstream):

Building - Net
Depreciation Expense
($20,000 x 1/10)

Investment in Bonds Amortization Schedule:

Date Interest
Received
1/1/2012
1/1/2013 8,000
1/1/2014 8,000
1/1/2015 8,000

Constructive Retirement of Bonds (downstream):

Bonds Payable*
Investment in PT. Ser
Investment in Bonds
*(40% x $193,240)

Interest Revenue
Investment in PT. Ser
Interest Expense*
*(40% x $22,847)

Net Income - PT. Ser 160,000

75% attributable to PT. Peter 120,000
25% NCI Share 40,000

75% attributable to PT. Peter 120,000

Realized Profit (2011) 15,000
Gain on Sale of Plant Asset (29,000)
Piecemeal Recognition on Sale of Plant Asset 2,000
Constructive Loss on Bonds (4,727)
Income from Investment 103,273

NCI Share
Dividend - PT. Ser
NCI
Income from Investment
Dividend - PT. Ser
Investment in PT. Ser
nak Perusahaan
an Konsolidasi
mber 2012

Adjustment & Elimination

Consolidated
Dr. Cr.

1,440,000
103,273 -
7,433 -
15,000
849,000
2,000 114,000
9,139 13,708
129,586
40,000 40,000
293,706
80,000

112,067
20,000
60,000 150,000
255,773

109,477
80,000
125,000
10,000 290,000
 2,000 19,000 273,000
190,000
15,000 360,000
29,000 43,273
4,727
1,706 (0)
82,023 -
1,067,477

155,760
77,296 115,944
400,000 400,000
255,773
120,000
20,000 140,000
1,067,477
760,435 760,435

140,000
22,500
(15,000)
(30,000)
1,000
(6,433)
112,067

400,000
80,000
360,000
120,000

15,000
15,000
 29,000
10,000
19,000

2,000
2,000

Interest Amortization Carrying

Revenue Amount
82,590
7,433 (567) 82,023
7,382 (618) 81,405
7,326 (674) 80,732

77,296
4,727
82,023

7,433
1,706
9,139

40,000
20,000
20,000
103,273
60,000
43,273
PT. Pin membeli 90% kepemilikan PT. Sin seharga $495,000, pada awal Januari 2011.
Selisih nilai dialokasikan ke Patent yang masih memiliki masa manfaat 6 tahun.

Pada awal Januari 2011, PT. Sin menerbitkan 9% obligasi $300,000 dengan pembayaran bunga tiap tanggal
Masa jatuh tempo obligasi 4 tahun.
Pada awal 2011 tingkat bunga pasar 8%.
Pada tanggal 1 Juli 2011, PT. Pin membeli 1/3 obligasi PT. Sin.
Tingkat bunga pasar yang berlaku saat itu 8,5%.

Pada tanggal 21 Maret 2011, PT. Sin menjual tanah dengan harga jual $220,000.
Harga perolehan tanah oleh PT. Sin sebesar $200,000.

COST METHOD

PT. PIN dan Anak Perusahaan

Laporan Keuangan Konsolidasi
per 31 Desember 2011

Accounts Pin Sin

Income Statement
Sales 800,000 500,000
Dividend Income 90,000 -
Gain on Sale of Land - 20,000
Constructive Gain/Loss - -

Interest Revenue 4,313 -

COGS 400,000 250,000

Depreciation Expense 60,000 45,000

Interest Expense - 24,764
Other Operating Expenses 84,313 40,236
NCI Share
Net Income 350,000 160,000
Retained Earnings, Begin 200,000 120,000

Dividend 180,000 100,000

Retained Earnings, End 370,000 180,000

Balance Sheet
Cash 79,200 25,000
Accounts Receivable 40,000 30,000
Interest Receivable 4,500 -
Inventory 60,000 45,000
Land 220,000 200,000
Building - Net 400,000 400,000
Equipment - Net 400,000 300,000
Investment in PT. Sin 495,000

Investment in Bonds 101,300 -

Patent
Total Assets 1,800,000 1,000,000

Accounts Payable 30,000 98,637

Interest Payable - 13,500
Bonds Payable - 307,863
Capital Stock 1,400,000 400,000
Retained Earnings 370,000 180,000
NCI

Total Liabilities and Equity 1,800,000 1,000,000

Investment Cost 550,000

(Rp495.000,00 90%)
BV Net Assets - PT. Sin (520,000)
(Rp400.000,00 + Rp120.000,00)
Patent 30,000

Capital Stock - PT. Sin

Retained Earnings - PT. Sin (1/1/2011)
Patent
Investment in PT. Sin
NCI

Sale of Land (upstream):

Gain on Sale of Land
Land
($220,000 - $200,000)

Bonds Payable Amortization Schedule:

$300,000 x PV-4%,8 219,207
$13,500 x PVOA-4%,8 90,892
310,099

Date Interest
Paid
1/1/2011
7/1/2011 13,500
1/1/2012 13,500
7/1/2012 13,500
1/1/2013 13,500
7/1/2013 13,500
1/1/2014 13,500
7/1/2014 13,500
1/1/2015 13,500
Constructive Retirement of Bonds (upstream):
Bonds Payable*
Investment in Bonds
Constructive Gain
*($307,863 x )

Interest Revenue
Interest Expense*
Constructive Gain
*($12,360 x )

Interest Payable - PT. Sin

Interest Receivable - PT. Pin

Net Income - PT. Sin 160,000

Amortized Patent (5,000)
Gain on Sale of Land (20,000)
Constructive Gain on Bonds 1,321
TOTAL 136,321
10% NCI Share 13,632

Other Operating Expenses

Patent

NCI Share
Dividend - PT. Sin
NCI

Dividend Income
Dividend - PT. Sin
Januari 2011.

gan pembayaran bunga tiap tanggal 1 Januari dan 1 Juli.

k Perusahaan
an Konsolidasi
mber 2011

Adjustment & Elimination

Consolidated
Dr. Cr.

1,300,000
90,000 -
20,000 -
1,321
193 1,514
4,313 -

650,000
105,000
4,120 20,644
5,000 129,549
13,632 13,632
382,689
120,000
200,000
10,000
90,000 180,000
402,689

104,200
70,000
4,313 187
105,000
20,000 400,000
800,000
700,000
 495,000
-
101,300 -
30,000 5,000 25,000
2,204,387

128,637
4,313 9,187
102,621 205,242
400,000 1,400,000
402,689
55,000
3,632 58,632
2,204,387
789,880 789,880

400,000
120,000
30,000
495,000
55,000

20,000
20,000

Interest Amortization Carrying

Expense Amount
310,099
12,404 (1,096) 309,003
12,360 (1,140) 307,863
12,315 (1,185) 306,678
12,267 (1,233) 305,445
12,218 (1,282) 304,163
12,167 (1,333) 302,829
12,113 (1,387) 301,442
12,058 (1,442) 300,000
102,621
101,300
1,321

4,313
4,120
193

4,313
4,313

5,000
5,000

13,632
10,000
3,632

90,000
90,000
EQUITY METHOD

PT. PIN dan Anak Perusahaan

Laporan Keuangan Konsolidasi
per 31 Desember 2011

Accounts Pin Sin

Income Statement
Sales 800,000 500,000
Income from Investment 122,689 -
Gain on Sale of Land - 20,000
Constructive Gain/Loss - -

Interest Revenue 4,313 -

COGS 400,000 250,000

Depreciation Expense 60,000 45,000

Interest Expense - 24,764
Other Operating Expenses 84,313 40,236
NCI Share
Net Income 382,689 160,000
Retained Earnings, Begin 200,000 120,000

Dividend 180,000 100,000

Retained Earnings, End 402,689 180,000

Balance Sheet
Cash 79,200 25,000
Accounts Receivable 40,000 30,000
Interest Receivable 4,500 -
Inventory 60,000 45,000
Land 220,000 200,000
Building - Net 400,000 400,000
Equipment - Net 400,000 300,000
Investment in PT. Sin 527,689

Investment in Bonds 101,300 -

Patent
Total Assets 1,832,689 1,000,000

Accounts Payable 30,000 98,637

Interest Payable - 13,500
Bonds Payable - 307,863
Capital Stock 1,400,000 400,000
Retained Earnings 402,689 180,000
NCI

Total Liabilities and Equity 1,832,689 1,000,000

Investment in PT. Sin 495,000

Income from Investment 122,689
Dividend received (90,000)
Investment in PT. Sin (12/31/2011) 527,689

Capital Stock - PT. Sin

Retained Earnings - PT. Sin (1/1/2011)
Patent
Investment in PT. Sin
NCI

Sale of Land (upstream):

Gain on Sale of Land
Land
($220,000 - $200,000)

Investment in Bonds Amortization Schedule:

$100,000 x PV-4,25%,7 74,725
$4,500 x PVOA-4.25%,7 26,761
101,487

Date Interest
Received
7/1/2011
1/1/2012 4,500
7/1/2012 4,500
1/1/2013 4,500
7/1/2013 4,500
1/1/2014 4,500
7/1/2014 4,500
1/1/2015 4,500
Constructive Retirement of Bonds (upstream):
Bonds Payable*
Investment in Bonds
Constructive Gain
*($307,863 x )

Interest Revenue
Interest Expense*
Constructive Gain
*($12,360 x )

Interest Payable - PT. Sin

Interest Receivable - PT. Pin

Net Income - PT. Sin 160,000

Amortized Patent (5,000)
Gain on Sale of Land (20,000)
Constructive Gain on Bonds 1,321
TOTAL 136,321
90% Income from Investment 122,689
10% NCI Share 13,632

Other Operating Expenses

Patent

NCI Share
Dividend - PT. Sin
NCI

Income from Investment

Dividend - PT. Sin
Investment in PT. Sin
k Perusahaan
an Konsolidasi
mber 2011

Adjustment & Elimination

Consolidated
Dr. Cr.

1,300,000
122,689 -
20,000 -
1,321
193 1,514
4,313 -

650,000
105,000
4,120 20,644
5,000 129,549
13,632 13,632
382,689
120,000
200,000
10,000
90,000 180,000
402,689

104,200
70,000
4,313 187
105,000
20,000 400,000
800,000
700,000
 495,000
32,689 0
101,300 -
30,000 5,000 25,000
2,204,387

128,637
4,313 9,187
102,621 205,242
400,000 1,400,000
402,689
55,000
3,632 58,632
2,204,387
822,568 822,568

400,000
120,000
30,000
495,000
55,000

20,000
20,000

Interest Amortization Carrying

Revenue Amount
101,487
4,313 (187) 101,300
4,305 (195) 101,105
4,297 (203) 100,902
4,288 (212) 100,690
4,279 (221) 100,470
4,270 (230) 100,240
4,260 (240) 100,000
102,621
101,300
1,321

4,313
4,120
193

4,313
4,313

5,000
5,000

13,632
10,000
3,632

122,689
90,000
32,689
PT. Pin membeli 90% kepemilikan PT. Sin seharga $495,000, pada awal Januari 2011.
Selisih nilai dialokasikan ke Patent yang masih memiliki masa manfaat 6 tahun.

Pada awal Januari 2011, PT. Sin menerbitkan 9% obligasi $300,000 dengan pembayaran bunga tiap tanggal
Masa jatuh tempo obligasi 4 tahun.
Pada awal 2011 tingkat bunga pasar 8%.
Pada tanggal 1 Juli 2011, PT. Pin membeli 1/3 obligasi PT. Sin.
Tingkat bunga pasar yang berlaku saat itu 8,5%.

Pada tanggal 21 Maret 2011, PT. Sin menjual tanah dengan harga jual $220,000.
Harga perolehan tanah oleh PT. Sin sebesar $200,000.

COST METHOD

PT. PIN dan Anak Perusahaan

Laporan Keuangan Konsolidasi
per 31 Desember 2012

Accounts Pin Sin

Income Statement
Sales 900,000 550,000
Dividend Income 90,000 -
Interest Revenue 8,602 -
COGS 450,000 300,000

Depreciation Expense 60,000 45,000

Interest Expense - 24,582
Other Operating Expenses 138,602 30,418
NCI Share
Net Income 350,000 150,000
Retained Earnings, Begin 370,000 180,000

Dividend 200,000 100,000

Retained Earnings, End 520,000 230,000

Balance Sheet
Cash 125,098 33,000
Accounts Receivable 60,000 52,000
Interest Receivable 9,000 -
Inventory 110,000 90,000
Land 220,000 200,000
Building - Net 500,000 360,000
Equipment - Net 380,000 370,000
Investment in PT. Sin 495,000
Investment in Bonds 100,902 -
Patent
Total Assets 2,000,000 1,105,000

Accounts Payable 80,000 142,555

Interest Payable - 27,000
Bonds Payable - 305,445
Capital Stock 1,400,000 400,000
Retained Earnings 520,000 230,000
NCI

Total Liabilities and Equity 2,000,000 1,105,000

Investment Cost 550,000

(Rp495.000,00 90%)
BV Net Assets - PT. Sin (520,000)
(Rp400.000,00 + Rp120.000,00)
Patent (1/1/2011) 30,000
Amortized Patent (2011) (5,000)
Patent (1/1/2012) 25,000

Retained Earnings - PT. Sin (1/1/2012) 180,000

Retained Earnings - PT. Sin (1/1/2011) (120,000)
Amortized Patent (5,000)
Retained Earnings change 55,000
Investment in PT. Sin adjustment (90%) 49,500

Investment in PT. Sin

Retained Earnings - PT. Pin

Capital Stock - PT. Sin

Retained Earnings - PT. Sin (1/1/2012)
Patent
Investment in PT. Sin
NCI

Sale of Land (upstream):

Retained Earnings - PT. Puas
NCI
Land
($220,000 - $200,000)
Bonds Payable Amortization Schedule:
$300,000 x PV-4%,8 219,207
$13,500 x PVOA-4%,8 90,892
310,099

Date Interest
Paid
1/1/2011
7/1/2011 13,500
1/1/2012 13,500
7/1/2012 13,500
1/1/2013 13,500
7/1/2013 13,500
1/1/2014 13,500
7/1/2014 13,500
1/1/2015 13,500

Constructive Retirement of Bonds (upstream):

Bonds Payable*
Investment in Bonds
Retained Earnings - PT. Puas
NCI
*($305,445 x )

Interest Revenue
Interest Expense*
Retained Earnings - PT. Puas
NCI
*(($12,315 + $12,267) x )

Net Income - PT. Sin 150,000

Amortized Patent (5,000)
Constructive Gain on Bonds 913
($1,514 - $193 - $368 - $41)
TOTAL 145,913
10% NCI Share 14,591

Other Operating Expenses

Patent

NCI Share
Dividend - PT. Sin
NCI

Dividend Income
Dividend - PT. Sin
Januari 2011.

gan pembayaran bunga tiap tanggal 1 Januari dan 1 Juli.

k Perusahaan
an Konsolidasi
mber 2012

Adjustment & Elimination

Consolidated
Dr. Cr.

1,450,000
90,000 -
8,602 -

750,000
105,000
8,194 16,388
5,000 174,020
14,591 14,591
390,001
180,000 49,500
18,000 822
368 402,689
10,000
90,000 200,000
592,690

158,098
112,000
9,000
200,000
20,000 400,000
860,000
750,000
49,500 544,500
 -
100,902 -
25,000 5,000 20,000
2,509,098

222,555
27,000
101,815 203,630
400,000 1,400,000
592,690
2,000 60,500
91
41
4,591 63,223
2,509,098
894,508 894,508

49,500
49,500

400,000
180,000
25,000
544,500
60,500

18,000
2,000
20,000
Interest Amortization Carrying
Expense Amount
310,099
12,404 (1,096) 309,003
12,360 (1,140) 307,863
12,315 (1,185) 306,678
12,267 (1,233) 305,445
12,218 (1,282) 304,163
12,167 (1,333) 302,829
12,113 (1,387) 301,442
12,058 (1,442) 300,000

101,815
100,902
822
91

8,602
8,194
368
41

5,000
5,000

14,591
10,000
4,591

90,000
90,000
EQUITY METHOD

PT. PIN dan Anak Perusahaan

Laporan Keuangan Konsolidasi
per 31 Desember 2012

Accounts Pin Sin

Income Statement
Sales 900,000 550,000
Income from Investment 131,322 -
Interest Revenue 8,602 -
COGS 450,000 300,000

Depreciation Expense 60,000 45,000

Interest Expense - 24,582
Other Operating Expenses 138,602 30,418
NCI Share
Net Income 391,322 150,000
Retained Earnings, Begin 402,689 180,000

Dividend 200,000 100,000

Retained Earnings, End 594,011 230,000

Balance Sheet
Cash 125,098 33,000
Accounts Receivable 60,000 52,000
Interest Receivable 9,000 -
Inventory 110,000 90,000
Land 220,000 200,000
Building - Net 500,000 360,000
Equipment - Net 380,000 370,000
Investment in PT. Sin 569,011
Investment in Bonds 100,902 -
Patent
Total Assets 2,074,010 1,105,000

Accounts Payable 80,000 142,555

Interest Payable - 27,000
Bonds Payable - 305,445
Capital Stock 1,400,000 400,000
Retained Earnings 594,011 230,000
NCI

Total Liabilities and Equity 2,074,011 1,105,000

Investment in PT. Sin adjustment (90%) 49,500

90% Gain on Sale of Land (18,000)
90% Constructive Gain on Bonds 1,189
Investment in PT. Sin addition (2011) 32,689

Investment in PT. Sin (1/1/2011) 495,000

Investment in PT. Sin addition (2011) 32,689
Income from Investment (2012) 131,322
Dividend received (2012) (90,000)
Investment in PT. Sin (12/31/2012) 569,011

Retained Earnings PT. Puas in Cost Method (1/1/2012)

Investment in PT. Sin adjustment (90%)
90% Gain on Sale of Land
90% Constructive Gain on Bonds
Retained Earnings PT. Puas in Equity Method (1/1/2012)

Capital Stock - PT. Sin

Retained Earnings - PT. Sin (1/1/2012)
Patent
Investment in PT. Sin
NCI

Sale of Land (upstream):

Investment in PT. Sin
NCI
Land
($220,000 - $200,000)
Investment in Bonds Amortization Schedule:
$100,000 x PV-4,25%,7 74,725
$4,500 x PVOA-4.25%,7 26,761
101,487

Date Interest
Received
7/1/2011
1/1/2012 4,500
7/1/2012 4,500
1/1/2013 4,500
7/1/2013 4,500
1/1/2014 4,500
7/1/2014 4,500
1/1/2015 4,500

Constructive Retirement of Bonds (upstream):

Bonds Payable*
Investment in Bonds
Investment in PT. Sin
NCI
*($305,445 x )

Interest Revenue
Interest Expense*
Investment in PT. Sin
NCI
*(($12,315 + $12,267) x )

Net Income - PT. Sin 150,000

Amortized Patent (5,000)
Constructive Gain on Bonds 913
($1,514 - $193 - $368 - $41)
TOTAL 145,913
90% Income from Investment 131,322
10% NCI Share 14,591

Other Operating Expenses

Patent

NCI Share
Dividend - PT. Sin
NCI

Income from Investment

Dividend - PT. Sin
Investment in PT. Sin
k Perusahaan
an Konsolidasi
mber 2012

Adjustment & Elimination

Consolidated
Dr. Cr.

1,450,000
131,322 -
8,602 -

750,000
105,000
8,194 16,388
5,000 174,020
14,591 14,591
390,001
180,000

402,689
10,000
90,000 200,000
592,690

158,098
112,000
9,000
200,000
20,000 400,000
860,000
750,000
18,000 544,500
822
 368
41,322 -
100,902 -
25,000 5,000 20,000
2,509,098

222,555
27,000
101,815 203,630
400,000 1,400,000
592,690
2,000 60,500
91
41
4,591 63,223
2,509,098
886,330 886,330

370,000
49,500
(18,000)
1,189
402,689

400,000
180,000
25,000
544,500
60,500

18,000
2,000
20,000
Interest Amortization Carrying
Revenue Amount
101,487
4,313 (187) 101,300
4,305 (195) 101,105
4,297 (203) 100,902
4,288 (212) 100,690
4,279 (221) 100,470
4,270 (230) 100,240
4,260 (240) 100,000

101,815
100,902
822
91

8,602
8,194
368
41

5,000
5,000

14,591
10,000
4,591

131,322
90,000
41,322