BUDGET PT ABCD

BALANCE SHEET PROJECTION OF YEAR 2017

( In Million Rupiah )

Realization
P R O J E C T I O N 2 0 1 7 GRAND
DESCRIPTION
TOTAL
31/12/2016 JAN FEB MARCH APRIL MAY JUNE JULY AUGUST SEPT OCT NOV DEC

Assets
Current Assets
Cash and Bank 630 29,314 30,347 29,272 30,392 31,940 33,707 30,726 31,019 33,883 37,447 38,068 42,036 42,036
Trade Account Receivables 30,912 26,133 22,379 21,970 24,082 25,576 26,413 30,051 35,623 39,239 41,075 43,239 45,300 45,300
Other Receivable 3,974 -
Inventories 1,569 1,649 1,720 1,812 1,929 2,049 2,168 2,320 2,510 2,692 2,875 3,064 3,266 3,266
Prepaid Taxes 569 569 569 569 569 569 569 569 569 569 569 569 569 569
Advance 1,791 1,755 1,720 1,684 1,649 1,613 1,578 1,542 1,507 1,471 1,436 1,400 1,400
Other Current Assets 2,002 2,002 2,002 2,002 2,002 2,002 2,002 2,002 2,002 2,002 2,002 2,002 2,002 2,002

TOTAL CURRENT ASSETS 39,655 61,457 58,772 57,344 60,658 63,784 66,471 67,245 73,264 79,891 85,438 88,377 94,573 94,573

Non Current Assets -

Fixed Assets -
Cost of acquisition 32,519 36,082 37,932 40,782 40,782 40,782 40,782 45,184 46,569 46,569 46,569 49,419 49,419 49,419
Accumulated depreciation (19,160) (19,450) (19,817) (20,302) (20,788) (21,273) (21,759) (22,428) (23,154) (23,881) (24,608) (25,453) (26,298) (26,298)
Other Noncurrent Assets 10,280 10,280 10,280 10,280 10,280 10,280 10,280 10,280 10,280 10,280 10,280 10,280 10,280 10,280

TOTAL NON CURRENT ASSETS 23,638 26,912 28,395 30,759 30,274 29,788 29,303 33,035 33,694 32,967 32,241 34,245 33,400 33,400

TOTAL ASSETS 63,293 88,368 87,166 88,103 90,932 93,572 95,774 100,280 106,958 112,858 117,679 122,622 127,973 127,973

Liabilities
Current Liabilities
Short term loan -
Trade Account Payable 14,100 12,373 10,866 10,840 11,914 12,736 13,189 14,909 17,660 19,044 19,974 20,812 21,892 21,892
Accrued Expenses 248 248 248 248 248 248 248 248 248 248 248 248 248 248
Tax payables 1,739 1,739 1,739 1,739 1,739 1,739 1,739 1,739 1,739 1,739 1,739 1,739 1,739 1,739
TOTAL CURRENT LIABILITIES 16,087 14,361 12,853 12,827 13,902 14,723 15,177 16,897 19,648 21,032 21,961 22,800 23,880 23,880

Non Current Liabilities

Other non current liabilities 4,650 4,650 4,650 4,650 4,650 4,650 4,650 4,650 4,650 4,650 4,650 4,650 4,650 4,650
TOTAL NON CURRENT LIABILITIES 4,650 4,650 4,650 4,650 4,650 4,650 4,650 4,650 4,650 4,650 4,650 4,650 4,650 4,650

Capital Stock
Common Stock 1,734 27,734 27,734 27,734 27,734 27,734 27,734 27,734 27,734 27,734 27,734 27,734 27,734 27,734
Agio (disagio) 36,673 36,673 36,673 36,673 36,673 36,673 36,673 36,673 36,673 36,673 36,673 36,673 36,673 36,673
Revaluation differentials (23) (23) (23) (23) (23) (23) (23) (23) (23) (23) (23) (23) (23) (23)
Retained Earning 4,172 4,973 5,279 6,241 7,995 9,814 11,563 14,349 18,276 22,792 26,683 30,788 35,059 35,059
-
TOTAL CAPITAL STOCK 42,556 69,357 69,663 70,625 72,380 74,198 75,948 78,734 82,660 87,176 91,068 95,172 99,443 99,443

TOTAL LIABILITIES + CAPITAL STOCK 63,293 88,368 87,166 88,103 90,932 93,572 95,774 100,280 106,958 112,858 117,679 122,622 127,973 127,973

- - - - - - - - - - - - - -
BUDGET PT ABCD
INCOME STATEMENT PROJECTION OF YEAR 2017
( In Million Rupiah )

Realization P R O J E C T I O N 2 0 1 5 GRAND
DESCRIPTION
TOTAL
31/12/2014 JAN FEB MARCH APRIL MAY JUNE JULY AUGUST SEPT OCT NOV DEC
TOTAL NET SALES 61,116 10,754 9,549 12,650 16,426 16,696 16,536 21,500 26,746 26,940 26,251 27,864 28,987 240,898
TOTAL COST OF GOOD SOLD 49,838 8,092 7,431 9,626 12,155 12,383 12,283 15,659 19,266 18,722 18,815 19,962 20,827 175,222

GROSS PROFIT 11,278 2,661 2,118 3,024 4,272 4,313 4,253 5,841 7,480 8,217 7,436 7,902 8,160 65,676

OPERATING EXPENSES :
Staff cost 2,138 804 804 866 967 967 967 1,068 1,191 1,191 1,191 1,253 1,254 12,524
General administration 3,964 841 911 1,048 1,079 1,079 1,106 1,297 1,387 1,387 1,387 1,524 1,574 14,620

TOTAL OPERATING EXPENSES 6,101 1,645 1,714 1,915 2,046 2,046 2,073 2,365 2,578 2,578 2,578 2,778 2,828 27,144
OPERATING PROFIT 5,177 1,016 403 1,109 2,226 2,267 2,180 3,476 4,901 5,639 4,858 5,124 5,332 38,532
NON OPERATING ITEM :
Interest income 65 11 11 11 11 11 11 11 11 11 11 11 11 129
Foreign exchange gain (loss) - -
Income (loss ) from Investment - -
Financial charges (27) (4) (4) (4) (4) (4) (4) (4) (4) (4) (4) (4) (4) (53)
Commission expense (income) - -
TOTAL NON-OPERATING ITEMS - NETT 38 6 6 6 6 6 6 6 6 6 6 6 6 76
NET PROFIT BEFORE TAX 5,215 1,022 410 1,115 2,232 2,273 2,187 3,483 4,908 5,646 4,864 5,130 5,339 38,609

INCOME TAX 1,043 221 104 153 478 455 437 697 982 1,129 973 1,026 1,068 7,722

NET PROFIT AFTER TAX 4,172 801 306 962 1,754 1,818 1,749 2,786 3,926 4,517 3,891 4,104 4,271 30,887

EBITDA 6,411 1,306 770 1,594 2,711 2,752 2,666 4,145 5,628 6,366 5,584 5,969 6,178 45,671
EBITDA MARGIN 10.49% 12.14% 8.06% 12.60% 16.51% 16.48% 16.12% 19.28% 21.04% 23.63% 21.27% 21.42% 21.31% 19%
BUDGET PT ABCD
CASHFLOW PROJECTION OF YEAR 2017
( In Million Rupiah )
Realization
P R O J E C T I O N 2 0 1 5 GRAND
Description
TOTAL
31/12/2014 JAN FEB MARCH APRIL MAY JUNE JULY AUGUST SEPT OCT NOV DEC

OPERATIONAL CASHFLOW
CASH INFLOW :
Collection from Sales 22,000 15,533 13,302 13,059 14,314 15,202 15,699 17,862 21,174 23,323 24,415 25,701 26,926 226,510
Interest income 22 11 11 11 11 11 11 11 11 11 11 11 11 129
Others - 3,000 - - - - - - - - - - - 3,000
SUB TOTAL 22,022 18,544 13,313 13,070 14,325 15,213 15,710 17,873 21,185 23,334 24,425 25,711 26,937 229,639
CASH OUTFLOW :
Payments for trade payables 11,569 7,295 6,406 6,391 7,024 7,508 7,776 8,790 10,412 11,227 11,775 12,270 12,907 109,780
Labour Cost 3,949 1,739 1,739 2,082 2,580 2,580 2,580 3,150 3,693 3,693 3,693 4,037 4,037 35,601
Overhead Cost 1,095 866 866 1,271 1,593 1,593 1,593 2,151 2,600 2,600 2,600 3,006 3,006 23,746
Staff Cost 713 804 804 866 967 967 967 1,068 1,191 1,191 1,191 1,253 1,254 12,524
Operation Expenses 1,112 1,368 509 527 558 558 585 593 625 625 625 643 694 7,908
Bank Charges 9 4 4 4 4 4 4 4 4 4 4 4 4 53
Taxes 348 221 104 153 478 455 437 697 982 1,129 973 1,026 1,068 7,722
Others Expenses
SUB TOTAL 18,794 12,297 10,430 11,295 13,204 13,666 13,942 16,452 19,507 20,470 20,862 22,240 22,969 197,334

NET OPERATING CASHFLOW 3,228 6,247 2,883 1,775 1,121 1,547 1,768 1,421 1,678 2,864 3,563 3,471 3,968 32,306

INVESTMENT CASHFLOW
Acquisition of fixed assets - (3,563) (1,850) (2,850) - - - (4,402) (1,385) - - (2,850) - (16,900)
Loan to subsidiaries (3,974) - - - - - - - - - - - - -
Investment from shareholder's - 26,000 - - - - - - - - - - - 26,000
NET INVESTMENT CASHFLOW (3,974) 22,437 (1,850) (2,850) - - - (4,402) (1,385) - - (2,850) - 9,100

FINANCING CASHFLOW
Principal Repayment - Rp Loan -
Principal Repayment - USD Loan -
Restructured Bank Loan -
Restructured affiliated payables -
Bank guarantee -
Minority shareholder in subsidiary -
Dividends to minority interests -
Dividend payment -

NET FINANCING CASHFLOW - - - - - - - - - - - - - -

TOTAL CASHFLOW (746) 28,684 1,033 (1,075) 1,121 1,547 1,768 (2,981) 293 2,864 3,563 621 3,968 41,406

BEGINNING BALANCE 1,376 630 29,314 30,347 29,272 30,392 31,940 33,707 30,726 31,019 33,883 37,447 38,068 630

ENDING BALANCE 630 29,314 30,347 29,272 30,392 31,940 33,707 30,726 31,019 33,883 37,447 38,068 42,036 42,036