PT SETIA KAWAN

COMPARATIVE STATEMENTS OF FINANCIAL POSITION

December 31, 2013
Assets 2013 2012 Change
Current assets
Cash 70,000,000 40,000,000 30,000,000
Accounts receivable 66,000,000 28,000,000 38,000,000
Inventory 54,000,000 40,000,000 14,000,000
Property, plant, and equipment
Equipment 120,000,000 156,000,000 36,000,000
Accumulated depreciation––equipment 58,000,000 48,000,000 10,000,000
Total assets 252,000,000 216,000,000
Equity and Liabilities
Current liabilities
Accounts payable 58,000,000 30,000,000 28,000,000
Income taxes payable 14,000,000 16,000,000 2,000,000
Non-current liabilities
Bonds payable 54,000,000 66,000,000 12,000,000
Equity
Common stock 36,000,000 28,000,000 8,000,000
Retained earnings 90,000,000 76,000,000 14,000,000
Total equity and liabilities 252,000,000 216,000,000
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 PT SETIA KAWAN
STATEMENT OF CASH FLOWS
For the Year Ended December 31, 2013
Cash flows from operating expenses :
Net income 64,000,000
Adjustments to reconcile net income to net cash
provided by operating activities :
Depreciation expense 29,000,000
Loss on disposal of plant assets 19,000,000
Increase in accounts receivable 38,000,000
Increase in inventory 14,000,000
Increase in accounts payable 28,000,000
Decrease in income taxes payable 2,000,000 3,000,000
Net cash provided by operating activities 67,000,000
Cash flows from investing activities :
Purchase of equipment 36,000,000
Sale of equipment 17,000,000
Net cash provided by investing activities 19,000,000
Cash flows from financing activities :
Sale of common stock
Redeem of bonds payable
Payment of cash dividends 50,000,000
Net cash provided by financing activities 50,000,000
Net increase in cash 30,000,000
Cash at the beginning of period 40,000,000
Cash at the end of period 70,000,000