ZEST HOTEL YOGYAKARTA

CONSOLIDATED INCOME STATEMENT - BUDGET (Year 2023)

Currency = 14.500 14500
Month 2023 Budget
DESCRIPTION Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec TOTAL %
ROOMS STATISTICS 1.8
Total Rooms Available 3,286 2,968 3,286 3,180 3,286 3,180 3,286 3,286 3,180 3,286 3,180 3,286 38,690 ###
Total Rooms Sold 2,383 1,851 2,166 1,059 2,643 2,654 2,682 2,058 1,974 2,574 2,525 2,754 27,323 ###
% of Occupancy 73% 62% 66% 33% 80% 83% 82% 63% 62% 78% 79% 84% 70.62% ###
% Double Occupancy 15.73% 15.73% 15.73% 15.73% 15.73% 15.73% 15.73% 15.73% 15.73% 15.73% 15.73% 15.73% 2.00 ###
ADR (IDR) 226,221 226,021 223,573 205,713 253,560 239,135 231,348 224,291 223,858 229,651 227,501 293,882 288,615 ###
ADR (US$) 15.6 15.6 15.4 14.2 17.5 16.5 16.0 15.5 15.4 15.8 15.7 20.3 19.90 ###
Number Of Guests 4,766 3,702 4,332 2,118 5,286 5,308 5,364 4,116 3,948 5,148 5,050 5,508 54,646 ###
Guest Density 45,042 46,872 45,551 56,865 46,793 52,483 54,282 56,720 51,027 48,203 48,616 57,354 50645 ###

OPERATING REVENUE
Rooms 663,155,895 514,737,315 597,032,790 272,986,835 807,767,795 772,845,510 760,113,330 568,739,770 544,671,310 725,136,660 705,904,125 952,737,010 7,885,828,345 74.02
Food and Beverage 131,948,587 108,030,718 122,192,614 81,754,791 148,509,511 180,073,572 192,679,901 157,612,349 130,704,747 156,750,072 156,096,635 197,655,872 1,764,009,369 16.56
- Breakfast 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00
- Others 131,948,587 108,030,718 122,192,614 81,754,791 148,509,511 180,073,572 192,679,901 157,612,349 130,704,747 156,750,072 156,096,635 197,655,872 1,764,009,369 0.00
Other Operated Departments 605,000 605,000 605,000 605,000 605,000 605,000 605,000 605,000 605,000 605,000 605,000 605,000 7,260,000 0.07
Miscellaneous Income 2,315,000 2,315,000 2,315,000 2,315,000 2,315,000 2,315,000 2,315,000 2,315,000 2,315,000 2,315,000 2,315,000 2,315,000 27,780,000 0.26
Service Charge 79,802,448 62,568,803 72,214,540 35,766,163 95,919,731 95,583,908 95,571,323 72,927,212 67,829,606 88,480,673 86,492,076 115,331,288 968,487,771 9.09
TOTAL OPERATING REVENUE 877,826,930 688,256,837 794,359,945 393,427,789 1,055,117,037 1,051,422,990 1,051,284,554 802,199,331 746,125,662 973,287,405 951,412,836 1,268,644,170 10,653,365,486 100.00

18,383,476 278,538
COST OF SALES 1,838,348 20,221,823 306,391
Food and Beverage 31,037,732 24,847,227 28,512,657 18,078,220 34,757,354 42,953,124 43,100,074 34,023,769 27,059,451 33,780,903 33,644,592 44,407,660 396,202,762 3.72
Other Operated Departments 160,000 160,000 160,000 160,000 160,000 160,000 160,000 160,000 160,000 160,000 160,000 160,000 1,920,000 0.02
###
TOTAL COST OF SALES 31,197,732 25,007,227 28,672,657 18,238,220 34,917,354 43,113,124 43,260,074 34,183,769 27,219,451 33,940,903 33,804,592 44,567,660 398,122,762 3.74
% OF TOTAL OPERATING REVENUE 3.55% 3.63% 3.61% 4.64% 3.31% 4.10% 4.11% 4.26% 3.65% 3.49% 3.55% 3.51% 3.74%

LABOUR COSTS AND RELATED EXPENSES

Rooms 39,403,052 39,403,052 39,403,052 39,403,052 39,403,052 39,403,052 39,403,052 39,403,052 39,403,052 39,403,052 39,403,052 39,403,052 472,836,619 4.44
Food and Beverage 24,696,518 24,696,518 24,696,518 24,696,518 24,696,518 24,696,518 24,696,518 24,696,518 24,696,518 24,696,518 24,696,518 24,696,518 296,358,213 2.78
Other Operated Departments 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00
Service Charge 40,924,332 32,086,566 37,033,098 18,341,622 49,189,605 49,017,389 49,010,935 37,398,570 34,784,413 45,374,704 44,354,911 59,144,250 496,660,396 4.66
TOTAL LABOUR COSTS AND RELATED EXPENSES 105,023,902 96,186,135 101,132,667 82,441,191 113,289,175 113,116,958 113,110,504 101,498,140 98,883,982 109,474,274 108,454,480 123,243,820 1,265,855,228 11.88
% OF TOTAL OPERATING REVENUE 11.96% 13.98% 12.73% 20.95% 10.74% 10.76% 10.76% 12.65% 13.25% 11.25% 11.40% 9.71% 11.88%

OTHER EXPENSES
Rooms 98,055,908 78,532,261 89,849,721 48,563,477 110,728,904 109,482,066 109,617,106 85,966,085 82,855,862 105,443,099 103,403,210 119,755,272 1,142,252,971 10.72
Food and Beverage 6,628,636 6,231,376 6,481,878 6,765,502 6,712,137 6,788,255 7,318,058 6,857,300 8,552,107 8,113,345 7,867,508 8,354,854 86,670,956 0.81
Other Operated Departments 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 240,000 0.00
TOTAL OTHER EXPENSES 104,704,545 84,783,637 96,351,598 55,348,979 117,461,041 116,290,321 116,955,164 92,843,385 91,427,969 113,576,444 111,290,718 128,130,126 1,229,163,927 11.54
% OF TOTAL OPERATING REVENUE 11.93% 12.32% 12.13% 14.07% 11.13% 11.06% 11.12% 11.57% 12.25% 11.67% 11.70% 10.10% 11.54%

TOTAL DEPARTMENTAL EXPENSES 240,926,178 205,976,999 226,156,923 156,028,390 265,667,570 272,520,403 273,325,742 228,525,293 217,531,402 256,991,620 253,549,790 295,941,605 2,893,141,917 27.16
% OF TOTAL OPERATING REVENUE 27.45% 29.93% 28.47% 39.66% 25.18% 25.92% 26.00% 28.49% 29.15% 26.40% 26.65% 23.33% 27.16%

DEPARTEMENTAL INCOME
Rooms 525,696,935 396,802,003 467,780,018 185,020,307 657,635,839 623,960,392 611,093,172 443,370,633 422,412,397 580,290,509 563,097,864 793,578,686 6,270,738,755 79.52
Food and Beverage 69,585,701 52,255,598 62,501,562 32,214,551 82,343,503 105,635,675 117,565,251 92,034,762 70,396,671 90,159,306 89,888,017 120,196,841 984,777,439 55.83
Other Operated Departments 425,000 425,000 425,000 425,000 425,000 425,000 425,000 425,000 425,000 425,000 425,000 425,000 5,100,000 70.25
Miscellaneous Income 2,315,000 2,315,000 2,315,000 2,315,000 2,315,000 2,315,000 2,315,000 2,315,000 2,315,000 2,315,000 2,315,000 2,315,000 27,780,000 100.00
Service Charge 38,878,116 30,482,238 35,181,443 17,424,541 46,730,125 46,566,519 46,560,388 35,528,642 33,045,193 43,105,969 42,137,165 56,187,038 471,827,376 48.72
TOTAL DEPARTEMENTAL INCOME 636,900,752 482,279,838 568,203,022 237,399,399 789,449,467 778,902,587 777,958,812 573,674,038 528,594,260 716,295,784 697,863,046 972,702,565 7,760,223,569 72.84
% OF TOTAL OPERATING REVENUE 72.55% 70.07% 71.53% 60.34% 74.82% 74.08% 74.00% 71.51% 70.85% 73.60% 73.35% 76.67% 72.84%

6-7
ZEST HOTEL YOGYAKARTA
CONSOLIDATED INCOME STATEMENT - BUDGET (Year 2023)
Currency = 14.500 14500
Month 2023 Budget
DESCRIPTION Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec TOTAL %
UNDISTRIBUTED DEPARTMENTS

LABOUR COSTS AND RELATED EXPENSES

Administration & General 56,569,939 56,569,939 56,569,939 56,569,939 56,569,939 56,569,939 56,569,939 56,569,939 56,569,939 56,569,939 56,569,939 56,569,939 678,839,273 6.37
Sales & Marketing 11,385,375 11,385,375 11,385,375 11,385,375 11,385,375 11,385,375 11,385,375 11,385,375 11,385,375 11,385,375 11,385,375 11,385,375 136,624,500 1.28
Property Operation & Maintenance 16,416,305 16,416,305 16,416,305 16,416,305 16,416,305 16,416,305 16,416,305 16,416,305 16,416,305 16,416,305 16,416,305 16,416,305 196,995,658 1.85
Service Charge 36,831,899 28,877,909 33,329,788 16,507,460 44,270,645 44,115,650 44,109,841 33,658,713 31,305,972 40,837,234 39,919,420 53,229,825 446,994,356 4.20
TOTAL LABOUR COSTS AND RELATED EXPENSES 121,203,518 113,249,528 117,701,407 100,879,079 128,642,264 128,487,269 128,481,461 118,030,332 115,677,591 125,208,853 124,291,039 137,601,445 1,459,453,787 13.70
% OF TOTAL OPERATING REVENUE 13.81% 16.45% 14.82% 25.64% 12.19% 12.22% 12.22% 14.71% 15.50% 12.86% 13.06% 10.85% 13.70%

OTHER EXPENSES
Administration & General 41,643,635 36,053,247 38,902,356 28,136,417 45,904,277 45,805,083 45,801,366 39,112,862 37,607,157 43,706,966 43,119,584 51,637,967 497,430,917 4.67
Sales & Marketing 11,152,059 9,667,873 10,490,828 7,250,368 12,598,178 12,248,955 12,121,633 10,207,898 9,967,213 11,771,867 11,579,541 14,047,870 133,104,283 1.25
Property Operation & Maintenance 8,820,000 8,820,000 14,320,000 8,820,000 8,820,000 14,320,000 8,820,000 8,820,000 14,320,000 8,820,000 8,820,000 14,320,000 127,840,000 1.20
Utilities 55,285,600 42,943,200 50,251,200 25,018,800 61,317,600 61,572,800 62,222,400 48,195,600 45,796,800 59,716,800 58,580,000 64,342,800 635,243,600 5.96
TOTAL OTHER EXPENSES 116,901,294 97,484,320 113,964,384 69,225,585 128,640,055 133,946,838 128,965,399 106,336,359 107,691,170 124,015,633 122,099,126 144,348,637 1,393,618,801 13.08
13.32% 14.16% 14.35% 17.60% 12.19% 12.74% 12.27% 13.26% 14.43% 12.74% 12.83% 11.38% 13.08%

TOTAL UNDISTRIBUTED EXPENSES 238,104,812 210,733,848 231,665,791 170,104,664 257,282,319 262,434,108 257,446,860 224,366,692 223,368,761 249,224,486 246,390,165 281,950,081 2,853,072,588 26.78
% OF TOTAL OPERATING REVENUE 27.12% 30.62% 29.16% 43.24% 24.38% 24.96% 24.49% 27.97% 29.94% 25.61% 25.90% 22.22% 26.78%

GROSS OPERATING PROFIT 398,795,940 271,545,990 336,537,231 67,294,735 532,167,148 516,468,479 520,511,952 349,307,346 305,225,499 467,071,298 451,472,881 690,752,483 4,907,150,981 46.06
GOP% 45.43% 39.45% 42.37% 17.10% 50.44% 49.12% 49.51% 43.54% 40.91% 47.99% 47.45% 54.45% 46.06%

Incentive Management Fee 23,927,756 16,292,759 20,192,234 4,037,684 31,930,029 30,988,109 31,230,717 20,958,441 18,313,530 28,024,278 27,088,373 41,445,149 294,429,059 2.76

INCOME BEFORE NON-OPERATING INCOME AND E 374,868,184 255,253,230 316,344,997 63,257,051 500,237,119 485,480,371 489,281,235 328,348,905 286,911,969 439,047,020 424,384,509 649,307,334 4,612,721,922 43.30
% OF TOTAL OPERATING REVENUE 42.70% 37.09% 39.82% 16.08% 47.41% 46.17% 46.54% 40.93% 38.45% 45.11% 44.61% 51.18% 43.30%

NON-OPERATING INCOME AND EXPENSES

Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00
Rent 17,556,539 13,765,137 15,887,199 7,868,556 21,102,341 21,028,460 21,025,691 16,043,987 14,922,513 19,465,748 19,028,257 25,372,883 213,067,310 2.00
Insurances 5,295,857 5,295,857 5,295,857 5,295,857 5,295,857 5,295,857 5,295,857 5,295,857 5,295,857 5,295,857 5,295,857 5,295,857 63,550,284 0.60
Property and Other Taxes 2,392,776 1,629,276 2,019,223 403,768 3,193,003 3,098,811 3,123,072 2,095,844 1,831,353 2,802,428 2,708,837 4,144,515 29,442,906 0.28
Building PBB 4,704,384 4,704,384 4,704,384 4,704,384 4,704,384 4,704,384 4,704,384 4,704,384 4,704,384 4,704,384 4,704,384 4,704,384 56,452,608 0.53
Depreciation 209,086,427 209,086,427 209,086,427 209,086,427 209,086,427 209,086,427 209,086,427 209,086,427 209,086,427 209,086,427 209,086,427 209,086,427 2,509,037,124 23.55
Others expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00
Loan Bank Bukopin 125,000,000 125,000,000 125,000,000 125,000,000 125,000,000 125,000,000 275,000,000 275,000,000 275,000,000 275,000,000 275,000,000 275,000,000 2,400,000,000 22.53
TOTAL NON-OPERATING INCOME AND EXPENSES 364,035,982 359,481,081 361,993,090 352,358,992 368,382,012 368,213,939 518,235,431 512,226,499 510,840,534 516,354,844 515,823,762 523,604,066 5,271,550,232 49.48
% OF TOTAL OPERATING REVENUE 41.47% 52.23% 45.57% 89.56% 34.91% 35.02% 49.30% 63.85% 68.47% 53.05% 54.22% 41.27% 49.48% ###

EARNINGS BEFORE INTEREST, TAXES, DEPRECIAT 10,832,201 -104,227,850 -45,648,094 -289,101,942 131,855,107 117,266,432 -28,954,196 -183,877,594 -223,928,565 -77,307,823 -91,439,253 125,703,268 -658,828,309 (6.2)
% OF TOTAL OPERATING REVENUE 1.23% -15.14% -5.75% -73.48% 12.50% 11.15% -2.75% -22.92% -30.01% -7.94% -9.61% 9.91% -6.18%

Total Payroll Expenses 226,227,420 209,435,664 218,834,074 183,320,270 241,931,439 241,604,227 241,591,965 219,528,472 214,561,574 234,683,127 232,745,519 260,845,264 2,725,309,015 25.6
25.77% 30.43% 27.55% 46.60% 22.93% 22.98% 22.98% 27.37% 28.76% 24.11% 24.46% 20.56%

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