NAMA ANGGOTA KELOMPOK 8:

Fanny Tri Rahmasari 041811333016

Yefi Nia Opiana 041811333044
Nimas Sari Nur Aisyah 041811333063
Nicky Wulandari 041811333067

Apollo Shoes, Inc.

Balance Sheet
as of December 31, 2014
2014

Assets

Cash $ 3,875.00

Accounts Receivable (Net of Allowance) (Note 3) $ 50,276.00

Inventory (Note 4) $ 56,888.00

Prepaid Expenses $ 2,536.00

Total Current Assets $ 113,575.00

Property, Plant, and Equipment (Note 5) $ 3,670.00

Less Accumulated Depreciation $ (683.00)

$ 2,987.00

Investments and Other Assets (Note 6) $ 3,249.00

Total Assets $ 119,811.00

Liabilities & Shareholders' Equity

Accounts Payable & Accrued Expenses $ 19,763.00

Short-Term Liabilities (Note 7) $ 56,403.00

Total Current Liabilities $ 76,166.00

Long-Term Debt -

Total Liabilities $ 76,166.00

Common Stock $ 8,105.00

Additional Paid-In Capital $ 7,423.00

Retained Earnings $ 28,177.00

Total Shareholders' Equity $ 43,645.00

Total Liabilities & Shareholders' Equity $ 119,811.00

The accompanying notes are an integral part of the consolidated financial statements.
 Apollo Shoes, Inc.
Income Statement
for the year ended December 31, 2014

2014

Net Sales (Note 2) $ 230,445.00

Cost of Sales $ 146,455.00

Gross Profit $ 84,000.00

Selling, General, and Administrative Expense (Note 4) $ 44,967.00

Interest Expense (Note 7) $ 3,012.00

Other Expense $ (1,227.00)

Earning from Continuing Operations

before Taxes $ 37,248.00

Income Tax Expense (Note 9) $ 14,862.00

Earning from Continuing Operations $ 22,386.00

Extraordinary Loss, Net of tax Benefit

Net Income $ 22,386.00

Earnings per Common Share

from Continuing Operations $ 2.76

Other

Net Income $ 2.76

Weighted Shares of Common Stock Outstanding 8,105

The accompanying notes are an integral part of the financial statements.

 Apollo Shoes, Inc
Statement of Cash Flow
December 31, 2014
in thousand
Cash Flow From Operations 2014
Net Income $ 22,386.00
Adjustmen to Reconcile Net Income to Net Cash Provided
Depreciation $ 519.00
Investment Income $ (1,096.00)
Decrease (Increase) in Current Assets
Increase in Account Receivable $ (35,128.00)
Increase in Inventory $ (41,075.00)
Increase in Prepaid Expense $ (1,585.00)
Increase (Decrease) in Current Liabilities
Increase in Account Payable and Accrued Expense $ 14,228.00
Net Income from Operations $ (41,751.00)
Cash Flow From Investing
Capital Expenditure $ (2,496.00)
Loan to Employee $ (1,250.00)
Equity Investment $ (330.00)
Disposal (Purchase) of Other Assets $ 54.00
Net Cash Flows from Investing $ (4,022.00)
Cash Flows from Financing
Proceeds from Long-term Debt $ 12,000.00
Proceeds from Line of Credit $ 34,403.00
Net Cash Flows from Financing $ 46,403.00

Net Cash Increase $ 630.00

Cash and Cash Equivalents Beginning of Year $ 3,245.00
Cash and Cash Equivalents End of Year $ 3,875.00
 Par Value Additional Retained
Shares $1 per Share Paid-In-Capital Earnings Other Total

Balance, December 31, 2012 8,105 $ 8,105.00 $ 7,423.00 $ 2,220.00 - $ 17,748.00

Net Income $ 4,371.00 $ 4,371.00

Exercise of Stock Options 0 $ -

Other -

Balance, December 31, 2013 8,105 $ 8,105.00 $ 7,423.00 $ 6,591.00 - $ 22,119.00

Net Income $ 22,386.00 $ 22,386.00

Exercise of Stock Options 0$ -

Dividends $ (860.00) $ (860.00)

Balance, December 31, 2014 8,105 $ 8,105.00 $ 7,423.00 $ 28,117.00 - $ 43,645.00

The accompanying notes are an integral part of the consolidated financial statements