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 PT DAISEN WOOD FRAME
STATEMENT OF FINANCIAL POSITION
31-Dec-18
(Expressed in Thousand Rupiah, Unless Otherwise Stated)

ASSET 2018 2017

CURRENT ASSETS
Cash and cash equivalent #REF! 11,251,302
Trade Receivables - Net
Third Parties #REF! 112,569
Related Parties
Other Receivables
Third Parties #REF! 3,051,482
Related Parties
Inventories #REF! 14,169,656
Advances #REF! 218,203
Prepaid Taxes #REF! 1,420,652
Prepaid Expenses #REF! 52,843

TOTAL CURRENT ASSET #REF! 30,276,707

NON-CURRENT ASSETS
Due from related parties
Long-term receivables from employees #REF! 2,241,756
Deffered tax assets #REF! 3,160,266
Fixed assets - net #REF! 2,358,638
Refundable deposits #REF! 1,209,085
TOTAL NON-CURRENT ASSET #REF! 8,969,745

TOTAL ASSETS #REF! 39,246,452

#REF!

LIABILITIES AND EQUITAS

CURRENT LIABILITIES
Trade Account Payable
Third Parties #REF! 4,693,538
Related Parties
Other Account Payable
Third Parties #REF! 530,707
Related Parties
Taxes Payable #REF! 4,976
Accrued Expenses #REF! 1,455,135
Advance From Customer
Current maturities of long-term debt
Obligation Under Capital Lease #REF! 62,335
Current maturities of long-term debt
Consumer Financial loan

TOTAL CURRENT LIABILITIES #REF! 6,746,691

NON-CURRENT LIABILITY
Due to Shareholders #REF! 180,000
Post - employment benefits obligation #REF! 2,159,456
Long-term debt net of current maturities
Obligation Under Capital Lease #REF! 20,778

TOTAL NON CURRENT LIABILITIES #REF! 2,360,234

TOTAL LIABILITY #REF! 9,106,925

EQUITY #REF!
Capital stock - Rp 2,269 (US$1) par value per share
Authorized, Subscribed and paid-up-
2,000,000 shares #REF! 79,288,000
Foreign exchange rate differences from paid-up capital -
Merger entity
Sentress #REF! (208,947)
Retained earnings
Appropriated -
Unappropriated #REF! (48,918,148)

TOTAL STOCKHOLDERS’ EQUITY- parent entity #REF! 30,160,905

NCI #REF! (21,378)

TOTAL STOCKHOLDERS’ EQUITY #REF! 30,139,527

TOTAL LIABILITIES AND EQUITY #REF! 39,246,452

Control #REF! -

PT DAISEN WOOD FRAME

STATEMENTS OF INCOME
31-Dec-18
(Expressed in Thousand Rupiah, Unless Otherwise Stated)

2018 2,017

NET SALES #REF! 64,459,504

COST OF GOODS SOLD #REF! 54,690,093

#REF! 15%
GROSS PROFIT #REF! 9,769,411

OPERATING EXPENSES
Selling Expenses #REF! (1,078,695)
General and Administrative Expenses #REF! (7,366,467)
Other operating expenses (income) #REF! (214,327)
Finance income #REF! 366,875
Finance cost #REF! (15,394)

TOTAL Operating Expenses #REF! 1,461,403

DEFERRED INCOME TAX BENEFIT #REF! #REF!

INCOME FROM OPERATIONS #REF! #REF!

Net Loss After Effect Adjst Merging Entity -

NET INCOME FOR THE YEAR #REF! #REF!

OTHER COMPREHENSIVE INCOME

Remeasurement of post-employement benefits #REF! 147,036
Tax #REF! (36,759)

Total other comprehensive income #REF! 110,277

TOTAL COMPREHENSIVE INCOME (LOSS) FOR THE YEA #REF! #REF!

NET INCOME (LOSS) ATTIBUTABLE TO:

Owners of the Parent Entity #REF! 965,352
Non-controlling interests #REF! (111,829)

TOTAL #REF! 853,523

TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO:

Owners of the Parent Entity #REF! 1,075,629
Non-controlling interests #REF! (111,829)

TOTAL #REF! 963,800

Control #REF!
Increase (decrease)

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 Equity Attributable to the Owner of th

Additional
paid-in
Share Capital capital
Balance as of January 1, 2016, as previously reported 79,288,000 -

Difference in value of transaction of business combination

of entities under common control (Note 4) (208,947)

Other comprehensive income

Net income for the year

Balance as of December 31, 2017 79,288,000 (208,947)

Dividen (see Note xx)

Addition of share capital through of entities under common control

Other comprehensive income - -

Net income for the year - -

Balance as of December 31, 2018 79,288,000 (208,947)

#REF! #REF!
Equity Attributable to the Owner of the Parent Company

Other
Comprehensive Retained Non-Controlling
Merger entity Income earning (Deficit) Sub-Total Interest Total Equity
211,053 (49,993,777) 29,505,276 90,451 29,595,727

(211,053) (420,000) (420,000)

110,277 110,277 110,277

965,352 965,352 (111,829) 853,523

- - (48,918,148) 30,160,905 (21,378) 30,139,527

#REF! #REF! #REF!

120,000 120,000

- #REF! #REF! #REF!

- #REF! #REF! #REF! #REF!

- - #REF! #REF! #REF! #REF!

Control
- 8,410,850,387.00

#REF!
 PT DAISEN WOOD FRAME
ARUS KAS

Monday, December 31, 2018

#REF! Control
KETERANGAN 2018 Control

ARUS KAS DARI (UNTUK) AKTIVITAS OPERASI

Income before tax #REF!
Penyesuaiaan untuk merekonsiliasi rugi bersih
menjadi kas bersih yang diperoleh dari (digunakan untuk)
aktivitas operasi:
Foreign exchange efect of translation -
Depreciation of fixed asset #REF!
Interest expenses #REF!
Post employment benefit #REF!
OCI -
Gain FA -
Finance Income #REF!

Operating profit before changes in working capital #REF!

Changes in working capital:

Piutang Usaha #REF! v
Other receivable #REF! v
Prepaid expenses #REF! v
Prepaid Tax #REF!
Advance #REF!
Inventories #REF! v
Refundable Deposit #REF!
Long term employee receivable #REF!
Trade payable #REF!
Other payable #REF!
Accrue expenses #REF!
Post employment benefit -
Tax payable #REF!

Cash Generate From Operation #REF!

Pembayaran Bunga #REF!
Pembayaran Pajak #REF!
Penerimaan Bunga #REF!
Pembayaran employee benefit #REF!
Kas bersih diperoleh dari (Digunakan untuk) -
Aktivitas Operasi #REF!

ARUS KAS DARI (UNTUK) AKTIVITAS INVESTASI

Penerimaan pengembalian uang muka FA -
Pembelian aset tetap (691,534)
Proeed from Disposal asset -
Accum. Depr. Disposal of property and equipment -
Refundable deposits #REF!
Laba penjualan asset tetap -
Akuisisi entitas anak 120,000
Kas bersih diperoleh dari (Digunakan untuk) #REF!
Aktivitas Investasi

ARUS KAS DARI (UNTUK) AKTIVITAS PENDANAAN

Payment of obligation under finance lease #REF!
Additoin Capital -
Proceeds from share holder loan #REF!
Deviden #REF!
Payment to loans due to related party -
advance long term -
Kas bersih diperoleh dari (digunakan untuk) #REF!
Aktivitas Pendanaan

KENAIKAN BERSIH KAS DAN BANK #REF!

effect foreign changes -
KAS DAN BANK AWAL TAHUN 11,251,302

KAS DAN BANK AKHIR TAHUN #REF!

#REF!

Non cash
Bangunan 643,211
 #REF! #REF! #REF! #REF!
Account

Years Cash and bank Receivables Other receivable Inventory

#REF! 2018 #REF! #REF! #REF! #REF!

- 2017 11,251,302 112,569 3,051,482 14,169,656
#REF! #REF! #REF! #REF! #REF!

#REF!
#REF!

#REF!
#REF!
#REF! #REF! #REF! #REF!
 #REF! #REF! #REF! #REF! #REF! #REF!
Fixed Asset Long term
employee
Prepaid Expense Prepaid tax Advance perolehan Acc. Depr. receivable

#REF! #REF! #REF! #REF! #REF! #REF!

52,843 1,420,652 218,203 21,244,558 (18,885,920) 2,241,756
#REF! #REF! #REF! #REF! #REF! #REF!

#REF!

#REF!
#REF!
#REF!

#REF!
 (691,534)
427,526 (427,526)

#REF! #REF! #REF! #REF! #REF! #REF!

Fixed assets
Beginning balance
Additional cost
Disposal cost
Acquisition FA through costumer financing

CTRL
 #REF! #REF! #REF! #REF! #REF! -
Deffered tax assetsRefundable Deposit Shareholderloan Account Other payable Due to Payable

Payables

#REF! #REF! #REF! #REF! #REF!

3,160,266 1,209,085 (180,000) (4,693,538) (530,707)
#REF! #REF! #REF! #REF! #REF! -

#REF!

#REF!
#REF!
 #REF!

#REF!

#REF! #REF! #REF! #REF! #REF! -

21,244,558 1,600
1,004,734 76
(317,431)
249,340 19
22,181,201 1,695
#REF! #REF!
#REF!
 #REF! #REF! #REF! #REF! #REF!
Accrued Tax payable Leasing payable Employe benefit Capital Stock

Expenses

#REF! #REF! #REF! #REF! #REF!

(1,455,135) (4,976) (83,113) (2,159,456) (79,288,000)
#REF! #REF! #REF! #REF! #REF!

#REF!

#REF!

#REF!
 #REF!

#REF!

#REF! #REF! #REF! #REF! #REF!

 #REF! #REF!
Defisit

#REF!
49,148,473
#REF!

#REF!

#REF!

#REF!

#REF!

(1)
 #REF! #REF!
#REF!
#REF!
#REF!

#REF!

120,000

#REF!

#REF! #REF!
PT DAISEN WOOD FRAME
NOTES TO FINANCIAL STATEMENTS
31 DEC 2018

2018 2017
4 Cash & Bank
Cash on Hand #REF! 44,859

Cash in Bank
Rupiah
PT Bank Mizuho Indonesia #REF! 904,152
PT Bank BCA
PT Bank Sumitomo
Bank CIMB Niaga #REF! 712,171
PT Bank NISP #REF! -
Bank BNI #REF! 65,142
PT Bank Of Tokyo Mitshubishi #REF! 16
Sub - total #REF! 1,681,481

USD
PT Bank Mizuho Indonesia #REF! 1,887,169
PT Bank Sumitomo
Bank BNI #REF! 1,858,557
PT Bank Of Tokyo Mitshubishi #REF! 10,682
Sub - total #REF! 3,756,408

JPY
PT Bank Of Tokyo Mitshubishi #REF! 11,104
PT Bank Mizuho Indonesia #REF! 57,450
Sub - total #REF! 68,554

Total Bank #REF! 5,506,443

Time Deposit

Rupiah #REF! 5,700,000

Dollar -
JPY #REF! -
Sub - total #REF! 5,700,000
-
Total Cash & bank #REF! 11,251,302
#REF! -

5 Trade Receiveable - Related Party

2018 2017
Daisen Co., LTD
Others (each below Rp 10,000) #REF! 112,569
Total #REF! 112,569
#REF!
 6 Other Receiveables 2018 2017
Receivables from third parties #REF! 3,019,632
Receivables from employees #REF! 31,850
Total #REF! 3,051,482
#REF!

7 Inventory 2018 2017

Finished goods #REF! #REF!
Work in process #REF! 2,763,311
Raw materials #REF! 1,089,705
Supplementary materials #REF! #REF!
Tools and spare part 462,412 #REF!
Total #REF! #REF!
#REF! #REF!

8 Prepaid Expenses 2018 2017

Rental #REF! -
Insurance #REF! 52,843
Other
Total #REF! 52,843
#REF!

9 Advances 2018 2017

Purchase #REF! 167,612
Others #REF! 50,591
Total #REF! 218,203
#REF!

10 Prepaid Tax
2018 2017
Value Added Tax #REF! #REF! 1,420,652
Income Tax – Article 21 #REF! -
#REF! 1,420,652
#REF! -

11 Refundable Deposits
As of December 31, 2018 and 2017, this account represents rental deposit for building amounted
to Rp and Rp 1,209,083, respectively.

12 Trade Payable
2018 2017
Related Party
Daisen CO., LTD (See Notes ) - -
Third Party #REF! 4,693,538
Total #REF! 4,693,538
#REF! -

13 Other Payable
2018 2017
 Related Party #REF! -
Daisen CO., LTD (See Notes ) - -
Third Party #REF! 530,707
Total #REF! 530,707
#REF! -

14 Taxes Payable 2018 2017

Income taxes
Article 4 (2) #REF! -
Article 21 #REF! -
Article 23 #REF! 4,976
VAT #REF! -
Total #REF! 4,976
#REF! -

15 Accrued Expense 2018 2017

Salaries and allowances #REF! 1,411,258
Professional fees #REF! 40,000
Astek
Interest
Telefon #REF!
Others #REF! 3,877

Total #REF! 1,455,135

#REF! -

16 Obligation Under Financial Lease

2018 2017
PT Mandiri Tunas Finance 25,336.00 101,344
Less amount applicable to interest - 4,558.00 (18,231)
Present value of minimum rental payments 20,778 83,113
Less current portion #REF! (20,778) (62,335)
Long-term portion - 20,778
#REF! -

POST-EMPLOYMENT BENEFIT OBLIGATION

2018 2017
Normal pension age 55 55
Discount rate 8.3% 6.92%
Annual increase of salary 8.3% 8.3%
Annual disability rate 10% 10%
Amount recognized in the consolidated statement
of profit or loss and other comprehensive
income in respect of the defined benefit plan are as
follows: 2018 2017

Current service cost 1,104,997 1,388,749

Interest costs 149,434 71,374
Remeasurement of other long term employee benefits - 69,598 (17,730)
 Defined benefit costs recognized in profit or loss 1,184,833 1,442,393

Actuarial loss arising from changes in

financial assumptions - 244,163 (134,985)
Actuarial gain arising from experience adjustments - 152,733 (12,051)

Defined benefit costs recognized in other

comprehensive income (396,896) (147,036)

The movements in the present value of the defined benefit obligation are as follows

2018 2017

Beginning balance of defined benefit obligation 2,159,456 864,099

Defined benefit costs recognized in profit or loss 1,184,833 1,442,393
Defined benefit costs recognized in other
comprehensive income - 396,896 (147,036)
Benefit paid - 16,402
Ending balance of defined benefit
obligation 2,930,991 2,159,456

#REF! -

18 Due To Shareholder 2018 2017

Daisen CO., LTD #REF!

LT TO PT.TRIPUTRA ( USD ) #REF! 900,212
Total #REF! 900,212
-

19 Sales 2018 2017

Export #REF! 64,224,960

Local #REF! 234,544
Return

Net Sales #REF! 64,459,504

#REF! - 0.24

20 COGS 2018 2017

Raw and supplementary materials used #REF! 37,882,859
Direct Labor #REF! 8,708,904
Manufacturing expenses #REF! 8,169,885

Total Manufacturing Cost #REF! 54,761,648

Work in Process
At beginning of year #REF! 2,579,632
At end of year (see Note 6) #REF! (2,763,311)

Cost of Goods Manufacturing #REF! 54,577,969

 Finished Goods
At beginning of year #REF! 353,165
At end of year (see Note 6) #REF! (241,041)
Cost of Goods Sold #REF! 54,690,093
#REF! -

21 Selling Expense 2018 2017

Freight and Handling #REF! 816,514
Salaries and allowance #REF! 249,494
Entertainment and representation #REF! 12,687
Total #REF! 1,078,695
#REF! -

22 General & Administrative Exp 2018 2017

Salaries and allowance #REF! 3,133,693
Rental #REF! 729,120
Utilities #REF! 446,858
Transportation #REF! 311,148
Office expenses #REF! 257,466
Professional fees #REF! 223,660
Depreciation (see Note 7) #REF! 290,448
Entertainment, representation and membership #REF! 98,397
Taxes, licenses and donation #REF! 61,272
Repairs and maintenance #REF! 94,880
Post-employment benefits (see Note 13) #REF! 1,442,393
Write off - -
Others #REF! 277,132
Total #REF! 7,366,467
#REF! -

23 Ohter operating expense (income) 2018 2017

Gain on sale FA #REF! -

Loss on foreign exchange - net #REF! - 167,727
Miscellaneous - net #REF! - 46,600
#REF! - 214,327
#REF!

2018 2017

Beginning balance 870,530,276 6,431,276

Employees' benefit for the current year #REF! 864,099,000
Employees' benefit payment - -
Net liabilities #REF! 870,530,276

20 Financial Instrument 2018 2017

Financial Asset
Cash and banks #REF! #REF! 11,251,302
Trade receiveables #REF! #REF! 112,569
Other receiveables #REF! #REF! 3,051,482
Refundable deposits #REF! #REF! 1,209,083

Total Fnancial Asset #REF! 15,624,436

Financial Liablities
Trade payables #REF! #REF! 4,693,538
Other payables #REF! #REF! 530,707
Accrued expenses #REF! #REF! 1,455,135
Consumer finance loan Err:509 0 0
Obligaition under finance lease #REF! #REF! 20,778
Due to shareholder 0 0

Total Financial LiRilities #REF! 6,700,158

 177,352 101,344
- 31,904 - 18,231
145,448
2015 2014

4,201,698 3,058,927
2,229,578 1,142,771
- -
6,431,276 4,201,698
 76,008
- 13,673
62,335
MAPPING INVESTMENT SUBSIDIARIES
AS OF DECEMBER 2018
Perlembar
PT Aktualisasi Karya Bersama
NET EQUITY AUDIT REPORT AS OF DECEMBER 2017
TOTAL NET EQUITY Daisen wood frame NCI
2018 70.00% 30.00%
MODAL #REF! #REF! #REF!
RE 2018 #REF! #REF! #REF!
Pembagian deviden 2018
Laba (rugi) bersih tahun 2018 #REF! #REF! #REF!
NET EQUITY #REF! #REF! #REF!
#REF!
Computation of goodwill or gain on acquisition

Persentase kepemilikan PT Aktualisasi Karya Bersama

Modal Disetor
PT Daisen 70%
NCI 30%
100%
Jumlah Modal Disetor

Hak Mayoritas 70%

Hak Minoritas 30%

PT Aktualisasi Karya Bersama - 31 Desember 2018 70%

Mayoritas
Share capital 420,000,000.00
Penambahan modal tahun 2018 #REF!
Rugi tahun 2016 (208,946,700)
Rugi tahun 2017 #REF!
Laba tahun 2018 #REF!
#REF!

Financial position
Debit

Elim - P.1 - 2018

Dr. Capital share - PT Aktualisasi Karya Bersama 600,000,000.00
Dr. Loss on acquisition ( SENTRESS) 208,946,700.00
Dr. Non-controlling Interest (SOFP) #REF!
Cr. Investment in PT Aktualisasi Karya Bersama
Cr. Retained earnings - PT Aktualisasi Karya Bersama
(Elimination sentress effect of PSAK 38)

Elim - P.2 - 2018

Dr. Capital share - PT Aktualisasi Karya Bersama #REF!
Cr. Non-controlling Interest (SOFP)
Cr. Investment in PT Aktualisasi Karya Bersama

Elim - P.3 - 2018

Dr. Non-controlling Interest (SOPL)
 Cr. Non-controlling Interest (SOFP)
(Eliminations NCI in current years)

Elim - P.4 - 2018

Dr. Pejualan
Cr. HPP
(Elimination for sales to subsi)

#REF!
#REF!
Control NCI
Elim - P.1 - 2018 #REF!
Elim - P.2 - 2018 #REF!
Elim - P.3- 2018 #REF!
Total NCI 2018 #REF!
#REF!
 2017
Price paid 420,000,000
NCI at FV (-71,260,239 90,451,415
#REF! Total 510,451,415
#REF! Less: FV of net assets (301,504,715)
#REF! Loss on acquisition ( 208,946,700

30%
Minoritas Total
180,000,000.00 600,000,000.00
120,000,000.00 #REF!
(89,548,586) (298,495,285)
#REF! #REF!
#REF! #REF!
#REF! #REF!

Effect to net income

Financial position Net Income and Comprehensive income and comprehensive
Credit Debit Credit income Status

- POSTED
- POSTED
- POSTED
420,000,000.00 - POSTED
#REF! - POSTED

#REF!
#REF!

#REF! #REF! POSTED

#REF! - POSTED

236,348,542.00 236,348,542.00 POSTED

236,348,542.00 - 236,348,542.00 POSTED

#REF! #REF! 236,348,542 #REF!

 PT DAISEN WOOD FRAME
STATEMENT OF FINANCIAL POSITION
12/31/2018
(Expressed in Thousand Rupiah, Unless Otherwise Stated)

ASSET 2018 2017 Increase (decrease)

CURRENT ASSETS
Cash and cash equivalent #REF! 11,223,443 #REF!
Trade Receivables - Net
Third Parties #REF! 39,108 #REF!
Related Parties -
Other Receivables -
Third Parties #REF! 3,051,482 #REF!
Related Parties - -
Inventories #REF! 14,150,061 #REF!
Advances #REF! 218,203 #REF!
Prepaid Taxes #REF! 1,420,652 #REF!
Prepaid Expenses #REF! 52,843 #REF!
-
TOTAL CURRENT ASSET #REF! 30,155,792 #REF!
#REF! - #REF!
NON-CURRENT ASSETS -
Due from related parties -
Long-term receivables from employees #REF! 2,241,756 #REF!
Long-term portion of prepaid expenses -
Long-term investment #REF! 420,000 #REF!
Deffered tax assets #REF! 3,160,266 #REF!
Fixed assets - net -
Direct ownership -
Cost #REF! 20,827,328 #REF!
Depreciation #REF! (18,674,005) #REF!
Lease -
Cost #REF! 396,532 #REF!
Depreciation #REF! (211,484) #REF!
advance -
Refundable deposits #REF! 1,209,083 #REF!
TOTAL NON-CURRENT ASSET #REF! 9,369,476 #REF!
#REF! #REF!
TOTAL ASSETS #REF! 39,525,268 #REF!
#REF! #REF!
-
Control -
-
-
-
LIABILITIES AND EQUITAS 2018 2017
-
CURRENT LIABILITIES -
Trade Account Payable -
Third Parties #REF! 4,661,094 #REF!
Related Parties - - -
Other Account Payable -
Third Parties #REF! 530,707 #REF!
Related Parties - - -
Taxes Payable #REF! 4,976 #REF!
Accrued Expenses #REF! 1,455,135 #REF!
Advance From Customer -
Current maturities of long-term debt -
Obligation Under Capital Lease #REF! 62,335 #REF!
Current maturities of long-term debt -
Consumer Financial loan -
-
TOTAL CURRENT LIABILITIES #REF! 6,714,247 #REF!
#REF! #REF!
NON-CURRENT LIABILITY -
Due to Shareholders -
Post - employment benefits obligation #REF! 2,159,456 #REF!
Long-term Liabilities to Shareholders - - -
Long-term debt net of current maturities -
Obligation Under Capital Lease - 20,778 (20,778.00)
Long-term debt net of current maturities -
Consumer Financial loan - - -
-
TOTAL NON CURRENT LIABILITIES #REF! 2,180,234 #REF!
#REF! #REF!
TOTAL LIABILITY #REF! 8,894,481 #REF!
EQUITY -
Capital stock - Rp 2,269 (US$1) par value per share -
Authorized, Subscribed and paid-up- -
2,000,000 shares #REF! 79,288,000 #REF!
Foreign exchange rate differences from paid-up capital - -
Merger entity -
Sentress -
Retained earnings -
Appropriated - -
Unappropriated #REF! (48,657,213) #REF!
-
TOTAL STOCKHOLDERS’ EQUITY- parent entity #REF! 30,630,787 #REF!
-
NCI - -
TOTAL STOCKHOLDERS’ EQUITY #REF! 30,630,787 #REF!
-
TOTAL LIABILITIES AND EQUITY #REF! 39,525,268 #REF!
Control #REF! - #REF!
-
PT DAISEN WOOD FRAME -
STATEMENTS OF INCOME -
43,465.00 -
(Expressed in Thousand Rupiah, Unless Otherwise Stated) -
-
2,018 2,017 1.00
-
NET SALES #REF! 64,420,945 #REF!
-
COST OF GOODS SOLD #REF! 54,709,688 #REF!
-
GROSS PROFIT #REF! 9,711,257 #REF!
#REF! 0 #REF!
#REF! #REF!
OPERATING EXPENSES -
Selling Expenses #REF! 992,880 #REF!
General and Administrative Expenses #REF! 7,021,364 #REF!
Other operating expenses (income) #REF! 214,327 #REF!
-
TOTAL Operating Expenses #REF! 8,228,571 #REF!
-
INCOME FROM OPERATIONS #REF! 1,482,686 #REF!
-
OTHER INCOME (CHARGES) -
Interest Income #REF! 366,875 #REF!
Gain on disposal of Fixed assets - net -
Interest Expenses #REF! (15,394) #REF!
Loss on foreign exchange - net -
Allowance for retirement -
tax expense -
Others - net -
Other Income - Net #REF! 351,481 #REF!
-
-
INCOME BEFORE TAX #REF! 1,834,167 #REF!
CURRENT INCOME TAX - -
DEFERRED INCOME TAX BENEFIT #REF! (607,880) #REF!
-
Net Loss After Effect Adjst Merging Entity #REF! 1,226,287 #REF!
- - -
Effect Adjst Merging Entity - -
-
NET LOSS #REF! 1,226,287 #REF!
-
OTHER COMPREHENSIVE INCOME -
Remeasurement of post-employement benefits #REF! 147,036 #REF!
Tax #REF! (36,759) #REF!
-
#REF! 110,277 #REF!
-
#REF! 1,336,564
Control #REF!
 Capital Stock Paid Up Capital Deficits Total Equity

Balance as of January 31, 2017 79,288,000 (49,993,777) 29,294,223

Net income for the year 1,226,287 1,226,287
Other comprehensive income 110,277 110,277

Balance as of December 31, 2017 79,288,000 - (48,657,213) 30,630,787

- -
Dividend (Note XX) #REF! #REF!
Net income for the year #REF! #REF!
Other comprehensive income #REF! #REF!
Balance as of December 31, 2018 79,288,000 - #REF! #REF!
#REF! #REF! #REF!
 #REF! Ctrl
2018 Ctrl

CASH FLOWS FROM OPERATING ACTIVITIES

Income before income tax expense #REF!
Adjustment for :
Employees' benefit #REF!
Depreciation of fixed assets #REF!
Finance cost #REF!
Gain on sale of fixed assets -
Unrealized loss on foreign exchange -
Finance income #REF!
Written-off of receivables -
Operating income before changes in working capital #REF!
Changes in working capital:
Trade receivables #REF!
Other receivables #REF!
Inventories #REF!
Prepaid tax #REF!
Prepaid expenses #REF!
Advances #REF!
Other receivables for third parties -
Long-term employee receivable #REF!
Trade payables #REF!
Other payables #REF!
Taxes payable #REF!
Accrued expenses #REF!
Cash provided by (used in) operation #REF!

Finance income received #REF!

Finance cost paid #REF!
Emben #REF!
Benefit paid #REF!
Net Cash Provided by (Used in) Operating Activities #REF!

CASH FLOW FROM INVESTING ACTIVITIES

Proceeds from sale of fixed assets -
Proceeds from refund of advance -
Acquistitions of fixed assets #REF!
Refundable deposits #REF!
Acquistitions of subsidiary -
Payment of advance in building renovation #REF!
Net Cash Used in Investing Activities #REF!

CASH FLOWS FROM FINANCING ACTIVITIES

Increase in due to a shareholder -
Payment of obligation under finance lease #REF!
Payment of dividend #REF!

Net Cash Provided by (Used in) Financing Activities #REF!

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS #REF!

CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR 11,223,443

CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR #REF!

#REF!
 #REF! #REF! #REF!
Years Cash and cash equivalenTrade Receivables - Net Other Receivables
#REF! 2018 #REF! #REF! #REF!
- 2017 11,223,443 39,108 3,051,482
#REF! #REF! #REF!

#REF!
#REF!
11,223,443

#REF!

#REF! #REF! #REF!

 #REF! #REF! #REF! #REF!
Inventories Advances Prepaid Taxes Prepaid Expenses
#REF! #REF! #REF! #REF!
14,150,061 218,203 1,420,652 52,843
#REF! #REF! #REF! #REF!

#REF!
#REF!
#REF!
#REF!
#REF! #REF! #REF! #REF!
 #REF! #REF! #REF! #REF!
Long-term receivables Long-term investment Deffered tax assets Perolehan aset tetap
#REF! #REF! #REF! #REF!
2,241,756 420,000 3,160,266 21,223,860
#REF! #REF! #REF! #REF!

#REF!

#REF!

#REF!

#REF!
#REF! #REF! #REF! #REF!
 #REF! - #REF! - #REF!
Acc. Depr. advance Refundable deposits Shareholderloan Account Payables
#REF! - #REF! #REF!
(18,885,489) - 1,209,083 (4,661,094)
#REF! - #REF! - #REF!

#REF!

#REF!

#REF!
#REF! - #REF! - #REF!
 #REF! - #REF! #REF! #REF!
Other payable Due to Payable Accrued Expenses Tax payable Leasing payable
#REF! #REF! #REF! #REF!
(530,707) (1,455,135) (4,976) (83,113)
#REF! - #REF! #REF! #REF!

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#REF!
#REF!
 #REF!

#REF! - #REF! #REF! #REF!

 #REF! #REF! #REF! #REF!
Employe benefit Capital Stock Defisit
#REF! #REF! #REF!
(2,159,456) (79,288,000) 48,657,213
#REF! #REF! #REF!

#REF!

#REF!

#REF!

#REF!

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