PT ADA AJA INDONESIA

WORKSHEET
AS AT DECEMBER 31, 2014

WP
DESCRIPTION
REF

ASSETS
CURRENT ASSETS (aset lancar)
Cash and Bank C
Cash on Hand
Petty Cash
Cash In Bank
BCA Kemang - IDR
BCA Kemang - USD
Total Cash on Hand and in Bank

Trade Receivables (piutang) D

Third parties:
PT Catha Lembana Indonesia
PT Fantasi Terang Indonesia
PT Hakuhodo Indonesia
PT Anugerah Buah Sulung
PT Dua Lima Frame
KOI Films
PT Wira Pamungkas Pariwara
PT Citra Surya Komunikasi (Chuosenko)
PT Armananta Eka Putra
PT Butik Innovasi Maleo
PT Raksa Tama Film
PT Dentsu Strat
PT Publicis Metro
Coconut Film India
PT Omnicron Media Kreasi
PT Artha Dwi Atmapura
PT Komunika Cergas Ilhami
PT Dentsu Indonesia
PT Unilever Indonesia
PT Ultima Cipta Selaras
Star Reachers Indonesia
PT Netra Film Pratama
PT Star Film Sejahtera
Neo Kreasi Karya Indonesia
PT Fatbelly Pictures
Flash Film
PT Gama Pratama
PT Sentra Mega Kreasi
PT Visi Kreasi Pariwara
PT Kreasi Cipta Imaji
PT Indo AD
PT Seven Sunday
Others (below Rp 50 million)
Total Trade Receivables

Aging: (umur)
 Current
Overdue < 30 days
Overdue 31 - 60 days
Overdue 61 - 90 days
Overdue > 91 days
Total Trade Receivables (total piutang dagang)

Allowance for impairment losses

Trade Receivables - Net

Inventories (persediaan) f E
Tape stock
Total Inventories

Advances F
Fixed Asset Transaction (transaksi aset tetap)
Staff Loan-General (staff yang minjam)
Total Advances

Prepaid Expenses (Beban dibayar dimuka) G

Prepaid Rental - 46 to 49
Prepaid Rental - 24
Prepaid Rental - 25
Prepaid Rental - Unit 68
Prepaid Rental - Apartment
Prepaid - Staff Insurance (asusarnasi dibayar dimuka untuk karyawan)
Prepaid Expense
Total Prepaid Expenses

Prepaid Taxes (pajak dibayar dimuka) H

Prepaid Tax - PPh Art 23
Prepaid Tax - PPh Art 25
Total Prepaid Taxes

TOTAL CURRENT ASSETS

NON-CURRENT ASSETS
Fixed Assets I
Acquisition Cost
Cost - Air Conditioner
Cost - Computer
Cost - Furniture & Fitting
Cost - Office Equipment
Cost - Plant & Equipment (tumbuhan)
Cost - Renovation
Cost - Telephone System
Cost - Vehicle
Total Acquisition Cost

Accumulated Depreciation
Acc Depr - Air Conditioner
Acc Depr - Computer
Acc Depr - Furniture & Fitting
Acc Depr - Office Equipment
Acc Depr - Plant & Equipment
Acc Depr - Renovation
 Acc Depn - Telephone System
Acc Depr - Vehicle (kendaraan)
Total Accumulated Depreciation (akumulasi penyusutan)

Fixed Assets - Net

Refundable Deposits (uang muka) J

Rental Deposit - 25, 46 to 49
Telephone Deposit - 46 to 49
Deposit - Unit 68
Deposit - Apartment Essence
Deposit Other
Total Refundable Deposits

TOTAL NON-CURRENT ASSETS

TOTAL ASSETS

LIABILITIES AND EQUITY

CURRENT LIABILITIES
Due to Related Parties K
VHQ Post (M) Sdn Bhd.
VHQ Post (S) Pte Ltd.
VHQ (Cayman) Pte Ltd.
Total Due to Related Parties

Trade Payables (utang dagang) L

Third parties:
PT Kemistry Millenia Industry
PT Wira Pamungkas Pariwara
PT Worksindo Film
Egg Production
PT Kreasi Cinema Mediatama
FCB Berkah Fajar Mentari
PT Dentsu Indonesia
Yohanes
PT Suara Visual Kreatif
PT Magentha Prima
Others (below Rp 10 juta)
Total Account Payables

Accrued Expenses and Provisions (biaya yang diakui duluan) M

Provision - Audit Fees
Provision - Electricity
Provision - Tax
Accrual - Expenses
Accrual Jamsostek (JHT)
Accrual Jamsostek (JKK/JK)
Total Accrued Expenses and Provisions

Taxes Payable O
Income tax article 21
Income tax article 23
Income tax article 25
Income tax article 4 (2)
Corporate Income tax article 29
 Value Added Tax - Out
Total Taxes Payable

Other Payables P
Other Payables
Total Other Payables

TOTAL CURRENT LIABILITIES

NON-CURRENT LIABILITIES
Post-employment benefits obligation Q

TOTAL NON-CURRENT LIABILITIES

TOTAL LIABILITIES

EQUITY R
Share capital :
Authorized, issued, and fully paid - 11,000
share of par value
Rp 1,000,000 per share

Retained Earnings Deficit

Current Earnings Current Net (Loss)
Accumulated Deficit

TOTAL EQUITY

TOTAL LIABILITIES AND EQUITY

Revenue (pendapatan) S

Cost of Revenue T
Cogs - 3rd Party Cost
Cogs - Food for Client
Cogs - Food for Staff
Cogs - Per Diem
Cogs - Tapes
Air Ticket - Inter Office Staff
Accomodation - Inter Office Staff
Cencorship
Rental of Equipment
Total Cost of Revenue/ COGS

Gross Profit

Operating Expenses U
Courier
Depn - Air Conditioner
Depn - Computer
Depn - Furniture & Fitting
Depn - Office Equipment
Depn - Plant & Equipment
Depn - Renovation
Depn - Telephone System
Depn - Vehicle
 Gifts
Entertainment - Kelvin
Entertainment - Others
Insurance - Property & Equipment
Insurance - TC
Insurance - New Honda CRV
Insurance - Kelvin Healthcare
MV - Repair & Maintenance
Cable Vision
License & Permits
Medical Fees
Pantry Consumables
Office Equipment
Printing & Stationeries
Photocopy Charges
IT Hardware & Software
Audit & Actuary Fees
Legal Fees
Consultancy Fees
Management fee
Secretarial Fee
R&M - Air Conditioner
R&M - Computer
R&M - Office Equipment
R&M - Plant & Machineries
R&M - Building
R&M-Vehicle
Service Charges for Building
Rental - Office
Rental - Motor Vehicle
Rental Fotocopy Machine
Rental - apartment
Basic Salary
Transport Allowances
Salary Tax Allowance
THR Allowances
Staff Meal Allowances
Insurance - Jamsostek JKK/JK
Employee Benefit Provision
Telephone, Mobile & Internet
Transport Expense
Local - Taxi
Local - Air Ticket
Local - Hotel Accomodation
Overseas - Air Ticket
Overseas - Hotel Accomodation
Building - Reimbursement Electricity
Building - Water Consumption
Other Expense
Advertising /Sponsorship
Insurance for Staff
Consultancy
Tax Expense and Penalty
Total Operating Expenses

PROFIT/ (LOSS) FROM OPERATIONS (untung atau rugi kegiatan operasional)

OTHER (EXPENSES) INCOME: V

 OTHER INCOME
Interest Income
Unrealized Gain on Forex
Other Income

OTHER EXPENSES
Bank Charges
Interest Expense
Realized Loss on Forex

tax article 4(2) Provision of Doubtful Debts

Other (expenses) income - net

LOSS BEFORE CORPORATE INCOME TAX

CORPORATE INCOME TAX EXPENSE

Current
Deferred
INCOME (LOSS) FOR THE YEAR
 (0) 72,150,000
Balance per Client PAJE/PRJE/CAJE (menginput temuan) Balance per Audit
31 Dec 2014 # Dr. # Cr. 31 Dec 2014

6,526,300 6,526,300

1,251,997,606 1,251,997,606
372,875 372,875
1,258,896,781 1,258,896,781

472,824,000 472,824,000
448,250,000 1a 55,500,000 392,750,000
273,130,000 273,130,000
266,750,000 266,750,000
203,500,000 203,500,000
203,500,000 1b 16,650,000 186,850,000
112,695,000 112,695,000
106,579,000 106,579,000
74,811,000 74,811,000
69,300,000 69,300,000
55,000,000 55,000,000
53,955,000 53,955,000
53,350,000 53,350,000
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
60,720,000 60,720,000
2,454,364,000 2,382,214,000
 532,675,000 532,675,000
642,554,000 642,554,000
436,161,000 436,161,000
487,674,000 487,674,000
355,300,000 355,300,000
2,454,364,000 2,454,364,000

- -

2,454,364,000 2,454,364,000

41,295,000 4a 5,000,000 36,295,000

41,295,000 36,295,000

41,360,000 41,360,000
185,500 185,500
41,545,500 41,545,500

102,719,980 102,719,980
27,951,000 27,951,000
35,000,000 35,000,000
39,324,998 39,324,998
121,178,802 121,178,802
8,936,516 8,936,516
61,026,900 61,026,900
396,138,196 396,138,196

281,199,251 281,199,251
49,956,440 49,956,440
331,155,691 331,155,691

4,523,395,168 4,518,395,168

142,300,000 142,300,000
1,635,845,416 1,635,845,416
263,997,100 263,997,100
215,695,057 215,695,057
22,990,384,317 22,990,384,317
1,131,655,950 1,131,655,950
35,270,000 35,270,000
351,928,727 351,928,727
26,767,076,567 26,767,076,567

133,207,915 133,207,915
1,554,971,050 1,554,971,050
227,157,692 227,157,692
214,301,611 214,301,611
18,327,815,050 18,327,815,050
906,155,810 906,155,810
 34,859,950 34,859,950
168,632,512 168,632,512
21,567,101,590 21,567,101,590

5,199,974,977 5,199,974,977

25,000,000 25,000,000
2,500,000 2,500,000
18,750,000 18,750,000
10,800,000 10,800,000
(38,299,400) (38,299,400)
18,750,601 18,750,601

5,218,725,578 5,218,725,578

9,742,120,746 9,737,120,746

1,498,034,622 1,498,034,622
4,387,636,856 4,387,636,856
766,221,967 766,221,967
6,651,893,445 6,651,893,445

70,750,000 1a,1b 40,500,000 30,250,000

55,512,452 55,512,452
27,296,800 27,296,800
24,435,897 24,435,897
23,160,000 23,160,000
14,580,000 14,580,000
12,500,000 12,500,000
- -
- -
- -
43,254,531 43,254,531
271,489,680 230,989,680

21,640,680 21,640,680
- -
- -
87,285,394 87,285,394
313,657 313,657
15,932,120 15,932,120
125,171,851 125,171,851

25,668,310 25,668,310
2,821,300 2,821,300
- -
10,789,722 10,789,722
103,157,980 103,157,980
 46,784,221 1a,1b 7,150,000 39,634,221
189,221,533 182,071,533

12,866,500 12,866,500
12,866,500 12,866,500

7,250,643,009 7,202,993,009

1,348,525,000 1,348,525,000

1,348,525,000 1,348,525,000

8,599,168,009 8,551,518,009

11,000,000,000 11,000,000,000

(9,334,240,703) (9,334,240,703)
(522,806,560) (552,306,560)
(9,857,047,263) (9,886,547,263)

1,142,952,737 1,113,452,737

9,742,120,746 9,664,970,746
0 (72,150,000)

10,325,800,415 1a,1b 65,000,000 10,260,800,415

515,029,930 1a,1b 40,500,000 474,529,930

232,153,950 232,153,950
24,982,800 24,982,800
7,785,000 7,785,000
20,050,000 20,050,000
151,665,887 151,665,887
39,524,802 39,524,802
22,150,000 22,150,000
2,420,600 2,420,600
1,015,762,969 975,262,969

9,310,037,446 9,285,537,446

46,937,747 46,937,747
7,020,832 7,020,832
75,976,056 75,976,056
25,981,063 25,981,063
6,750,909 6,750,909
2,363,487,717 2,363,487,717
160,416,471 160,416,471
849,000 849,000
43,991,088 43,991,088
 30,150,000 30,150,000
91,571,716 91,571,716
84,739,957 84,739,957
- -
- -
6,089,000 6,089,000
13,381,981 13,381,981
- -
13,394,000 13,394,000
130,957,581 130,957,581
11,449,686 11,449,686
58,451,876 58,451,876
2,952,000 2,952,000
54,627,300 54,627,300
157,137 157,137
8,420,225 8,420,225
98,800,000 98,800,000
55,000,000 55,000,000
- -
765,675,091 3a 50,000,000 715,675,091
- -
22,900,000 22,900,000
- -
14,375,750 14,375,750
132,328,900 132,328,900
3,000,000 3,000,000
4,668,000 4,668,000
300,129,497 300,129,497
454,034,696 2a 59,000,000 513,034,696
53,099,996 53,099,996
17,705,028 17,705,028
255,771,156 2a 59,000,000 196,771,156
3,665,661,117 3a 50,000,000 3,715,661,117
823,416 823,416
212,683,189 212,683,189
205,471,924 205,471,924
- -
177,980,012 3b 20,000,000 197,980,012
61,864,058 61,864,058
226,819,319 226,819,319
86,530,940 86,530,940
692,149 692,149
- -
2,315,220 2,315,220
5,070,872 5,070,872
546,876 546,876
390,395,350 390,395,350
6,316,498 6,316,498
24,393,162 4a 5,000,000 29,393,162
1,100,000 1,100,000
52,401,352 3b 20,000,000 32,401,352
2,000,000 2,000,000
2,849,343 2,849,343
10,541,156,253 10,546,156,253

(1,231,118,807) (1,260,618,807)
 6,821,260 6,821,260
148,825,178 148,825,178
564,419,021 564,419,021

(11,571,555) (11,571,555)
(181,656) (181,656)
- -

- -

708,312,248 708,312,248

(522,806,560) 246,650,000 246,650,000 (552,306,560)

- -
- -
(522,806,560) 246,650,000 246,650,000 (552,306,560)
 -
Balance per Audit
31 Dec 2013

8,830,250

260,033,199
372,875
269,236,324

70,689,200
-
-
209,513,200
452,523,000
244,004,826
-
-
71,255,600
143,787,499
-
-
124,555,000
950,000,000
254,185,000
209,000,000
204,457,000
180,112,000
131,152,670
115,310,000
98,435,200
96,370,000
93,500,000
86,295,000
71,860,200
66,550,000
65,581,300
60,800,000
59,400,000
58,025,000
54,609,800
52,264,200
346,903,856
4,571,139,551
 890,672,000
200,893,670
368,012,800
1,047,903,500
2,063,657,581
4,571,139,551

(93,500,000)

4,477,639,551

-
-

2,047,710,700
-
2,047,710,700

93,381,760
25,410,000
47,833,333
35,750,000
54,565,300
8,936,516
-
265,876,909

17,513,600
16,868,352
34,381,952

7,094,845,437

142,300,000
1,573,205,416
254,487,100
214,566,057
18,987,696,594
1,131,655,950
35,270,000
351,928,727
22,691,109,844

126,187,083
1,478,994,994
201,176,629
207,550,702
15,964,327,333
745,739,339
 34,010,950
124,641,424
18,882,628,454

3,808,481,390

25,000,000
2,500,000
18,750,000
10,800,000
-
57,050,000

3,865,531,390

10,960,376,827

819,201,499
3,620,961,875
-
4,440,163,374

70,750,000
55,512,452
27,296,800
24,435,897
23,160,000
14,580,000
12,500,000
26,974,461
17,010,000
7,316,800
47,757,731
327,294,141

41,640,680
26,794,010
2,889,013,513
11,603,371
313,657
18,236,414
2,987,601,645

31,000
2,748,093
3,008,008
2,362,373
103,157,980
 78,733,340
190,040,794

42,278,264
42,278,264

7,987,378,218

1,307,239,312

1,307,239,312

9,294,617,530

11,000,000,000

(7,311,867,406)
(2,022,373,297)
(9,334,240,703)

1,665,759,297

10,960,376,827
-

11,677,430,913

445,798,709
348,347,604
2,202,000
124,217,000
138,987,000
76,736,357
31,799,000
15,750,000
-
1,183,837,670

10,493,593,243

20,347,030
15,753,333
220,393,952
27,474,128
10,063,880
2,334,877,396
175,968,500
567,050
43,991,091
 54,650,000
82,210,126
159,693,826
8,282,900
1,813,570
5,647,000
-
5,000,000
6,885,000
143,167,400
4,727,000
68,776,579
3,183,200
33,978,500
3,164,400
6,500,000
354,756,189
-
100,000,000
-
12,500,000
-
26,504,800
18,270,000
209,297,750
16,910,800
3,253,500
95,538,000
551,658,050
76,887,656
15,913,681
215,400,400
4,442,207,496
-
251,316,746
-
13,320,000
202,349,399
254,666,000
287,755,078
111,544,420
-
62,268,400
52,961,200
-
-
438,020,119
127,704,446
146,050,391
20,240,000
40,532,582
-
32,259,707
11,617,202,671

(1,123,609,428)
 5,270,454
-
-

(5,593,467)
(300,822)
(887,628,164)

(10,511,870)

(898,763,869)

(2,022,373,297)

-
-
(2,022,373,297)
 0

Reclassification & Adjustment

As at December 31, 2014

No. Description Ref

[ Being reclassification of other deposit to other income ]

Dr. Cr.

Proposed Adjustment
by Auditor
 PT ADA AJA INDONESIA

Reclassification & Adjustment

As at December 31, 2014

No. Description Ref Dr. Cr.

1 Other deposit 38,299,400 Proposed Adjustment

Other Income 38,299,400 by Auditor

[ Being reclassification of other deposit to other income ]

2 a Realized Loss on Forex 21,027,709 Proposed Adjustment

Due to Related Parties - VHQ Post (S) Pte Ltd. 21,027,709 by Auditor

[ Journal to adjust the difference of Due to Related Parties allocated to Realized Loss on Forex ]

SGD Rate based on Bank Indonesia 9,422.11

Balance as per VHQ Post (S) Pte Ltd. SGD 467.906,29

Balance per audit

convert to IDR ( 467.906,29 X 9.422,11 ) 4,408,664,565
Balance per book 4,387,636,856
Variance 21,027,709

b Realized Loss on Forex 6,518,874

Due to Related Parties - VHQ Post (M) Sdn Bhd. 6,518,874

[ Journal to adjust the difference of Due to Related Parties allocated to Realized Loss on Forex ]

MYR Rate based on Bank Indonesia 3,561.93

Balance as per VHQ Post (M) Sdn Bhd. MYR 422.398,39

Balance per audit

convert to IDR ( 422.398,39 X 3.561,93 ) 1,504,553,496
Balance per book 1,498,034,622
Variance 6,518,874

c Realized Loss on Forex 3,672,112

Due to Related Parties - VHQ (Cayman) Pte Ltd. 3,672,112

[ Journal to adjust the difference of Due to Related Parties allocated to Realized Loss on Forex ]

SGD Rate based on Bank Indonesia 9,422.11

Balance as per VHQ (Cayman) Pte Ltd. SGD 81.711,43

Balance per audit

convert to IDR ( 81.711,43 X 9.422,11 ) 769,894,079
Balance per book 766,221,967
Variance 3,672,112

3 Other expense 20,578,370 Proposed Adjustment

Employee benefit provision expense 20,578,370 by Auditor

[ Being reclassification of employee benefit provision expense to other expense --- refer to "Actuarial Valuation Report" ]

Balance per audit - refer to "Actuarial Valuation Report"

Employee benefits exp - Current year 234,978,000
Liability adjustment (193,692,312)
41,285,688
Balance per book 61,864,058
Variance (20,578,370)

4 Operating expenses - Insurance for staff 8,936,516 Proposed Adjustment

Prepaid expenses - Staff insurance 8,936,516 by Auditor

[ Journal adjustment to credited prepaid expenses - staff insurance to operating expenses - insurance for staff ]
 PT ADA AJA INDONESIA

Reclassification & Adjustment

As at December 31, 2014

No. Description Ref Dr. Cr.

5 Trade payables - PT Kemistry Millenia Industry 70,750,000 Proposed Adjustment

Trade payables - PT Wira Pamungkas Pariwara 55,512,452 by Auditor
Trade payables - PT Worksindo Film 27,296,800
Trade payables - Egg Production 24,435,897
Trade payables - PT Kreasi Cinema Mediatama 23,160,000
Trade payables - FCB Berkah Fajar Mentari 14,580,000
Trade payables - PT Dentsu Indonesia 12,500,000
Trade payables - Others 43,254,531
Other income 271,489,680

[ Journal adjustment unidentified trade payables allocated to other income ]

Detail unidentified trade payables - Third parties:

PT Kemistry Millenia Industry 70,750,000
PT Wira Pamungkas Pariwara 55,512,452
PT Worksindo Film 27,296,800
Egg Production 24,435,897
PT Kreasi Cinema Mediatama 23,160,000
FCB Berkah Fajar Mentari 14,580,000
PT Dentsu Indonesia 12,500,000
Others (below Rp 10 juta) 43,254,531
Total 271,489,680

Propose Adjustment by
6 Provision of Doubtful Debts (Expenese) 4,166,250 Client
Provision of Doubtful Debts (Balance Sheet) 4,166,250

Being provision of doubtful debts in accordance to company Internal Control Policy

- Refer to AR workings provided by client