PT PALU GADA

Statements of Income
For the years ended 31 December 2015 and 2014
In Rupiah Amount

2015 2014
Net Sales 8,113,320,029 5,503,775,725
Cost of Sales - 5,197,629,650 - 2,953,007,461
Gross Profit 2,915,690,379 2,550,768,264
Operating Expenses
Sales Expense - 16,652,130 - 15,023,840
Depreciation and Amortization - 273,730,209 - 283,475,000
Employee Salary and Benefit - 153,268,435 - 141,871,540
Utilization, Adm, Rent & Other Expense - 966,186,174 - 792,050,960
Total Operating Expense - 1,409,836,948 - 1,232,421,340
Income from Operation 1,505,853,431 1,318,346,924
Other Income and Expenses
Other Income
Foreign Exchange Gain(Loss) - 9,774,974 4,061,040
Others Income 69,261,805
Total Other Income 59,486,831
Other Expenses
Interest Expense - 122,565,100 - 68,366,273
Bank Adm Expense - 1,342,013 - 1,350,000
Total Other Expense - 123,907,113 - 69,716,273
Total Other Income and Expenses - 64,420,282 - 65,655,233

NET INCOME 1,441,433,149 1,252,691,691

 PT PALU GADA
Statements of Changes in Shareholders' Equity
Years Ended 31 December 2015 and 2014
In Rupiah Amount

Share Capital Retained Earnings

Balance as of 31 December 2013 5,550,000,000
Net Income for the year ended 31 Dec 2014 1,252,691,691
Balance as of 31 December 2014 5,550,000,000 1,252,691,691
Net Income for the year ended 32 Dec 2015 500,000,000 1,163,933,149
Balance as of 31 December 2015 6,050,000,000 2,416,624,840
Equity
014

Total Shareholders' Equity

5,550,000,000
1,252,691,691
6,802,691,691
1,663,933,149
8,466,624,840
 PT PALU GADA
Statement of Financial Position
As of 31 December 2015 and 2014 (In Rupiah)

31-Dec-15 31-Dec-14
ASSETS
CURRENT ASSETS
Cash and Bank 1,864,223,642 1,535,368,216
Accounts Receivable 3,260,734,465 1,510,510,769
Others Receivable 526,000,000 -
Inventory 3,151,652,142 3,464,407,659
Prepaid Expenses 83,875,000 669,000,000
Security Deposit 31,327,995 18,420,360
Advance Payment 52,500,000 519,142,401
Total CURRENT ASSETSS 8,970,313,244 7,716,849,405

PLANT ASSETS
Acquisition Cost
Building 1,800,000,000 1,800,000,000
Equipment 100,400,000 71,300,000
Office Furniture 55,000,000 45,600,000
Vehicle 350,000,000 350,000,000
Property Investment 1,000,000,000 -
Total Acquisition Cost 3,305,400,000 2,266,900,000
Accumulated Depreciation
Accumulated Depreciation Building - 180,000,000 - 90,000,000
Accumulated Depreciation Equipment - 26,950,001 - 14,425,000
Accumulated Depreciation Office Furniture - 38,071,875 - 22,800,000
Acccumulated Depreciation Vehicle - 253,125,000 - 156,250,000
Accumulated Depreciation Property Investment - 50,000,000 -
Total Accumulated Depreciation - 548,146,876 - 283,475,000
Total PLANT ASSETS, net book value 2,757,253,124 1,983,425,000

TOTAL ASSETS 11,727,566,368 9,700,274,405

LIABILITIES and EQUITIES

LIABILITIES
Current Liabilities
Account Payables 774,881,150 1,647,824,400
Other Current Liabilities
Other Current Payable 178,579,430 -
Accurued Expenses 119,694,500 5,758,314
Advance Receipt 70,986,448 1,244,000,000
Unearned Revenue 87,500,000 -
Dividend Payable 277,500,000 -
 Total Other Current Liabilities 734,260,378 2,897,582,714

Long Term Liabilities 1,751,800,000 -

Total Liabilities 3,260,941,528 4,545,407,114

SHAREHOLDERS' EQUITY
Share Capital 6,050,000,000 5,550,000,000
Retained Earnings 2,416,624,840 1,252,691,691
Total SHAREHOLDERS' EQUITY 8,466,624,840 6,802,691,691

Total LIABILITIES and SHAREHOLDERS' EQUITY 11,727,566,368 9,700,274,405

 328,855,426
1,750,223,696
526,000,000
- 312,755,517
- 585,125,000
12,907,635
- 466,642,401
1,253,463,839
-
-
-
-
29,100,000
9,400,000
-
1,000,000,000
1,038,500,000
-
- 90,000,000
- 12,525,001
- 15,271,875
- 96,875,000
- 50,000,000
- 264,671,876
773,828,124
-
2,027,291,963
-
-
-
-
- 872,943,250
-
178,579,430
113,936,186
- 1,173,013,552
87,500,000
277,500,000
- 2,163,322,336
-
1,751,800,000
-
- 1,284,465,586
-
-
500,000,000
1,163,933,149
1,663,933,149
-
2,027,291,963
 PT PALU GADA
Statement of Cash Flow
Years Ended 31 December 2015
In Rupiah Amount

2015
Operating Activities
Accounts Receivable - 1,750,223,696
Others Receivable - 526,000,000
Inventory 312,755,517
Prepaid Expenses 585,125,000
Security Deposit - 12,907,635
Advance Payment 466,642,401
Account Payables - 872,943,250
Other Current Payable 178,579,430
Accurued Expenses 113,936,186
Advance Receipt - 1,173,013,552
Unearned Revenue 87,500,000
Dividend Payable 277,500,000
Cash provided from Operating Activities - 2,313,049,599

Investing Activities
Plant Assets - 773,828,124
Cash provided from Investing Activities

Financing Activities
Long Term Liabilities 1,751,800,000
Share Capital 500,000,000
Retained Earnings 1,163,933,149
Cash provided from Financing Activities 3,415,733,149

Net Increase in Cash 328,855,426

Cash Beginning 1,535,368,216
Cash Ending 1,864,223,642