PT Nitori Furniture Indonesia

20-Nov-12
Income Statement

Client's Balance
Account No. Description
20-Nov-12

SALES
4110 FINISHED GOOD SALES (393,579,317,455)
4120 COMPONENT PART SALES 0
4130 MERCHANDISE SALES 0
4140 FINISHED GOOD SALES RETURN 0
4150 COMPONENT PART SALES RETURN 0
4160 MERCHANDISE SALES RETURN 0
4170 SALES DISCOUNT 0
TOTAL SALES (393,579,317,455)

COST OF SALES
6311.001 RAW MATERIAL AT BEGINNING PERIOD 0
6311.002 RAW MATERIAL PURCHASE 71,192,937,635
6311.003 RAW MATERIAL AT THE END PERIOD (2,508,354,475)
TOTAL Cost of sales (Movements of direct material) 68,684,583,160

6110 LABOR COST

6110.001 PAYROLL EXPENSE 34,619,405,762
6110.002 EMPLOYEE RETIRED ALLOWANCE 377,813,150
6110.003 LEGAL WELFARE 2,041,288,119
6110.004 WELFARE EXPENSE 846,435,892
6110.005 THR, CHRISTMAS & BONUS 3,993,813,084
TOTAL Cost of sales (Direct labor - general) 41,878,756,007

6110.006 POST EMPLOYMENT BENEFIT EXPENSE 0

TOTAL Cost of sales (Direct labor - PEB) 0

6312.008 DEPRECIATION EXPENSE FACTORY 8,361,214,502

TOTAL Cost of sales (FOH-Depreciation) 8,361,214,502

6312 OVERHEAD EXPENSE

6312.001 POWER EXPENSE 3,830,652,480
6312.002 SUPPLIES EXPENSE 11,545,622,508
6312.003 REPAIR EXPENSE 3,201,008,976
6312.004 TAX OTHER THAN INCOME 0
6312.005 INSURANCE EXPENSE FACTORY 948,917,601
6312.006 RENT EXPENSE 0
6312.007 AUTOMOTIVE EXPENSE 604,130,200
6312.009 MISCELANEOUS EXPENSE FACTORY 317,296,269
6312.010 DEADSTOCK EXPENSE 0
6312.011 FINISH GOODS WRITEDOWN 0
TOTAL Cost of sales (FOH-Others) 20,447,628,034

6311.004 INDIRECT MATERIAL AT THE BOP 0

6311.005 INDIRECT MATERIAL PURCHASE 125,056,945,815
6311.006 INDIRECT MATERIAL AT EOP (6,341,103,870)
6311.007 PACKING CHARGE BEGINNING PERIOD 0
6311.008 PACKING CHARGE PURCHASE 8,726,680,600
6311.009 PACKING CHARGE ENDING PERIOD 90,958,889
6311.010 SUPPLIES BEGINNING PERIOD 0
6311.011 SUPPLIES DURING PURCHASE 4,513,368,405
6311.012 SUPPLIES ENDING PERIOD 38,518,639
TOTAL Cost of sales (Movements of indirect material) 132,085,368,478

6311.013 WIP (ENDING) 847,592,274

TOTAL Cost of sales (Movements of WIP) 847,592,274

5110 PURCHASES
5120 FREIGHT IN
5130 PURCHASE DISCOUNT
5140 PURCHASE RETURN (26,811,025)
5510 FINISHED GOOD (ENDING) (11,563,708,982)
TOTAL Cost of sales (Movements of finished goods) (11,590,520,007)

TOTAL COST OF SALES 260,714,622,448

GROSS PROFIT (132,864,695,007)

SELLING EXPENSE

8100 FREIGHT OUT

8100.001 PROMOTION EXPENSE 0
8110 FREIGHT OUT 18,347,571,285
Total Freight Out 18,347,571,285

MISCELLANEOUS
8120 DONATION EXPENSE 16,600,000
Total Miscellaneous 16,600,000

TOTAL SELLING EXPENSE 18,364,171,285

OPERATING EXPENSE
 Client's Balance
Account No. Description
20-Nov-12
Employee Compensation
7110.001 SALARIES EXPENSE 15,919,968,584
7110.002 EMPLOYEE RETIRED ALOWANCE 341,116,261
7110.003 LEGAL WELFARE 471,083,768
7110.004 STAFF WELFARE EXPENSE 85,706,066
7110.029 THR, CHRISTMAS, BONUS 915,922,958
Total Employee Compensation 17,733,797,637

Professional fee
7110.023 PROFESIONAL EXPENSE 5,754,585,698
Total Professional fee 5,754,585,698

Depreciation of fixed assets

7110.009 DEPRECIATION EXPENSE 943,161,631
Total Depreciation of fixed assets 943,161,631

Post employment benefits

7110.030 POST-EMPLOYMENT BENEFIT EXPENSE 0
Total Post employment benefits -

Other operating expenses

7110.005 TAXES OTHER THAN INCOME 269,540,382
7110.006 ENTERTAINMENT EXPENSE 30,692,439
7110.007 TRAVELLING EXPENSE 1,888,759,720
7110.008 RENT EXPENSE 35,000,400
7110.010 INSURANCE EXPENSE 422,723,638
7110.011 FOREIGN STAFF EXPENSE 0
7110.012 KIMS, IKTA, POA, & OTHER CERTIFICATE 0
7110.013 RENTAL HOUSE EXPENSE 0
7110.014 LEASEHOLD EXPENSE 0
7110.015 TAX & OTHER PENALTY 0
7110.016 ELECTRICITY, WATER, PHONE EXPENSE 0
7110.017 REPAIR RENTAL HOUSE, MESS EXP 0
7110.018 DEPRECIATION MESS EXPENSE 0
7110.019 SALARY MAID, DRIVER SECURITIES 0
7110.020 HOUSE HOLD EXPENSE 0
7110.021 OTHER EXPENSE FOREIGN STAFF 0
7110.022 COMMUNICATION EXPENSE 542,654,208
7110.024 DUES EXPENSE 99,525,364
7110.025 REPAIR EXPENSE 663,504,958
7110.026 UTILITIES EXPENSE 249,416,307
7110.027 OFFICE EXPENSE 2,468,439,234
7110.028 AMORTIZATION EXPENSE 113,263,000
7110.031 AMORTIZATION EXPENSE 0
Total other operating expenses 6,783,519,650

TOTAL OPERATING EXPENSE 31,215,064,616

TOTAL SELLING AND OPERATING EXPENSE 49,579,235,901

OPERATING INCOME / LOSS (83,285,459,106)

(OTHER INCOME) / OTHER EXPENSE

Interest income
9100.001 INTEREST INCOME (536,441,266)
9510.001 INTEREST EXPENSE
Total Interest Income (536,441,266)

Foreign exchange (gain)/loss

9100.002 FOREIGN EXCHANGE GAIN (30,763,439,872)
9510.002 FOREIGN EXCHANE LOSS 26,678,928,746
Total Foreign exchange (gain)/loss (4,084,511,126)

Miscellaneous
9100.003 MISCELANEOUS REVENUE (631,330,913)
9510.003 OTHER LOSS 0
9510.004 TAX OTHER & PENALTY 6,182,818
9510.005 MISCELANEOUS EXPENSE 149,039,617
9510.006 COMISSION SELLING EXPENSE 0
9510.007 SALARIES MARKETING, EXIN&MARE 6,900,500
9510.008 SAMPLE OF EXIBITION 80,525,608
9510.009 RENTAL MACHINE, OTHER RENT 0
9510.010 GAIN/LOSS ON DISPOSAL OF FA (31,804,684)
9510.013 GAIN LOSS DISPOSAL MATERIAL (310,820,210)
9510.014 LOSS DUE TO OTHER ASSETS WRITEDOWN 0
9510.015 OTHER EXPENSE 0
Total Miscellaneous (731,307,264)

TOTAL (OTHER INCOME) / OTHER EXPENSE (5,352,259,656)

INCOME TAX EXPENSE (BENEFIT)

9510.011 CURRENT CORPORATE TAX 0
9510.012 DEFERRED CORPORATE TAX 0
INCOME TAX EXPENSE, NET 0

NET LOSS / PROFIT (88,637,718,762)

PT X
31-Dec-17
WS - Statement of financial position

Fluctutation PT Nitori Furniture Indonesia

Account No. Description Idx
31-Jan-17 28-Feb-17 31-Mar-17 30-Apr-17 31-May-17 30-Jun-17 31-Jul-17 31-Aug-17 30-Sep-17 31-Oct-17 30-Nov-17 31-Dec-17 31-Dec-16 Amount % 31-Dec-17
In thousands of Rupiah
ASSETS
Audited Balance Audited Balance Fluctuation
Idx Description
CURRENT ASSETS 31-Dec-17 31-Dec-16 Amount %
Cash and cash equivalent
Cash on hand CURRENT ASSETS
1110.000 CASH ON HAND a Cash
Cash on hand b Trade and other receivable
c Inventories
Cash in banks d Prepaid value added taxes
1120.001 Bank HSBC IDR e Other current assets
1120.002 Bank HSBC USD TOTAL CURRENT ASSETS
1120.003 Bank Artha Graha IDR
Cash in banks
Cash and cash equivalent TOTAL CURRENT LIABILITIES

Trade and other receivables NON CURRENT LIABILITIES

Trade receivables from related parties n Provision for post-employment benefits
1211 Trade Account Receivable
Trade receivables from related parties TOTAL NON CURRENT LIABILITES

Other third party receivables STOCKHOLDERS' EQUITY

Foreign exchange
1212 Other Receivable o Share capitalfrom share
fluctuations
1214 Short Term Claim Receivable p capital payments
Other third party receivables q OCI - PEB
Trade and other receivables r Retained earnings

Inventories TOTAL STOCKHOLDERS' EQUITY

Finished goods
1341 Finished Good TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
Finished goods

Work in process
1351 Work In Process RE Reconciliation:
Work in process Audited RE beginning:
Current year profit
Raw materials Dividends
1361 Raw Material RE ending should be
Raw materials RE per TB
dif
Supplementary materials
1362 Indirect Material
1364 Packing Charges
1365 Supplies
Supplementary materials

Finished goods in transit

1342 Finished Good in Transit
Finished goods in transit

Raw materials in transit

1363 RM, IM, Pack.., Comp in Transit
Raw materials in transit

Provision for impairment

1371 Provision for Inventories
1372 Provison for FG Write Down
Provision for impairment
Inventories

Prepaid value added tax

1471 VAT Input
Prepaid value added tax

Other current assets

1221 Advance
1222 Advance To Employee
1450.001 Prepaid Rent House Expense
1450.003 Prepaid Insurance
1450.004 Prepaid Freight
1465.000 Foreign Currency Forward Contract
Other current assets

TOTAL CURRENT ASSETS

NON-CURRENT ASSETS
Fixed assets, net
At cost
1511 LAND
1512 LAND IMPROVEMENT
1513 BUILDING
1514 MACHINERY
1515 FURNITURE & FIXTURE
1516.000 OFFICE EQUIPMENT
1516.001 OFFICE EQUIPMENT (Serv)
1517 LEASE HOLD IMPROVEMENT
1518 AUTOMOTIVE EQUIPMENT
1521 FACTORY EQUIPMENT
1522 TOOLS
1910.000 CONSTRUCTION IN PROGRESS
1910.001 CONSTRUCTION IN PROGRESS (Serv)
At cost

Accumulated depreciation
1610 ACCUMULATED LAND IMPROVEMENT
1620 ACCUMULATED BUILDING
1630 ACCUMULATED MACHINERY
1640 ACCUMULATED OFFICE EQUIPMENT
1650 ACCUMULATED LEASE HOLD IMPROVEMENT
1660 ACCUMULATED AUTOMOTIVE EQUIPMENT
1670 ACCUMULATED TOOLS
1680 ACCUMULATED FACTORY EQUIPMENT
1690 ACCUMULATED FURNITURE & FIXTURE
Accumulated depreciation
Fixed assets, net

Deferred tax assets

1960 DEFERRED TAX ASSETS
2260 DEFERRED TAX LIABILITIES
Deferred tax assets

Claims for tax refund

1450.007 Prepaid Tax PPH 25
1450.009 Provision Claim For Tax Refund
Claims for tax refund

Unamortized deferred land acquisition charges

1950 OTHER ASSETS
1950.001 ACCUMULATED AMORTIZATION OTHER
Unamortized deferred land acquisition charges

TOTAL NON-CURRENT ASSETS

TOTAL ASSETS

LIABILITIES AND EQUITY

CURRENT LIABILITIES
Trade and other payables
2110 CURRENT LIABILITIES
2120 OTHER PAYABLE
2130 TAX & ETC. PAYABLE
2210 ADVANCE RECEIVABLES
2220 ACCRUED EXPENSE
Trade and other payables

Income tax payable

2170 TAX PPH 25
Income tax payable

Other taxes payable

2140 TAX PPH 21
2160 TAX PPH 23
2180 TAX PPH 26
Other taxes payable

TOTAL CURRENT LIABILITIES

NON-CURRENT LIABILITIES
Employee benefits obligation
2270 PROVISION POST EMPLOYEE BENEFIT
Employee benefits obligation

TOTAL NON-CURRENT LIABILITIES

EQUITY
Share capital
3110 CAPITAL STOCK
Share capital

Other equity component

3120 FOREIGN GAIN IN SHARE CAPITAL
3140 OCI-PEB
Other equity component

Retained earnings
3200 PROFIT & LOSS CURRENT PERIOD
3300 PROFIT & LOSS LAST YEAR PERIOD
3300.001 PROFIT & LOSS 1997
3300.002 PROFIT & LOSS 1998
3300.003 PROFIT & LOSS 1999
3300.004 PROFIT & LOSS 2000
3300.005 PROFIT & LOSS 2001
3300.006 PROFIT & LOSS 2002
3300.007 PROFIT & LOSS 2003
3300.008 PROFIT & LOSS 2004
3300.009 PROFIT & LOSS 2005
3300.010 PROFIT & LOSS 2006
3300.011 PROFIT & LOSS 2007
3300.012 PROFIT & LOSS 2008
3300.013 PROFIT & LOSS 2009
3300.014 PROFIT & LOSS 2010
3300.015 PROFIT & LOSS 2011
3300.016 PROFIT & LOSS 2012
3300.017 PROFIT & LOSS 2013
3300.018 PROFIT & LOSS 2014 ( NOV 2014 )
3300.019 PROFIT & LOSS 2014 ( DEC 2014 )
3300.020 PROFIT & LOSS 2015
3300.021 PROFIT & LOSS 2016
3410.000 DIVIDENT
3510.000 REVALUATION INCREMENT
Retained earnings

TOTAL EQUITY

TOTAL LIABILITIES AND EQUITY

Control
PT X
31-Dec-17
WS - Income Statement

Account No. Description

31-Jan-17 28-Feb-17 31-Mar-17 30-Apr-17 31-May-17 30-Jun-17 31-Jul-17 31-Aug-17 30-Sep-17 31-Oct-17 30-Nov-17
D K MONTHLY YEARLY D K MONTHLY YEARLY D K MONTHLY YEARLY D K MONTHLY YEARLY D K MONTHLY YEARLY D K MONTHLY YEARLY D K MONTHLY YEARLY D K MONTHLY YEARLY D K MONTHLY YEARLY D K MONTHLY YEARLY D
SALES
4110 FINISHED GOOD SALES
SALES

COST OF SALES
Raw materials and supplies
6311.002 RAW MATERIAL PURCHASE
6311.003 RAW MATERIAL AT THE END PERIOD
6311.004 INDIRECT MATERIAL AT THE BOP
6311.005 INDIRECT MATERIAL PURCHASE
6311.006 INDIRECT MATERIAL AT EOP
6311.007 PACKING CHARGE BEGINNING PERIOD
6311.008 PACKING CHARGE PURCHASE
6311.009 PACKING CHARGE ENDING PERIOD
6311.010 SUPPLIES BEGINNING PERIOD
6311.011 SUPPLIES DURING PURCHASE
6311.012 SUPPLIES ENDING PERIOD
Raw materials and supplies

Employees' salaries and other compensation

6110.001 PAYROLL EXPENSE
6110.002 EMPLOYEE RETIRED ALLOWANCE
6110.003 LEGAL WELFARE
6110.004 WELFARE EXPENSE
6110.005 THR, CHRISTMAS & BONUS
6110.006 POST EMPLOYMENT BENEFIT EXPENSE
Employees' salaries and other compensation

Depreciation of fixed assets

6312.008 DEPRECIATION EXPENSE FACTORY
Depreciation of fixed assets

Other factory overhead

6312.001 POWER EXPENSE
6312.002 SUPPLIES EXPENSE
6312.003 REPAIR EXPENSE ( SERVICE )
6312.004 TAX OTHER THAN INCOME
6312.005 INSURANCE EXPENSE FACTORY
6312.006 RENT EXPENSE
6312.007 AUTOMOTIVE EXPENSE ( SERVICE )
6312.009 MISCELANEOUS EXPENSE FACTORY
6312.010 DEADSTOCK EXPENSE
6312.011 FINISH GOODS WRITEDOWN
6312.012 REPAIR EXPENSE (MATERIAL)
6312.013 SUPPLIES EXPENSE (MATERIAL)
6312.014 AUTOMOTIVE EXPENSE (MATERIAL)
Other factory overhead

Changes in WIP and FG

6311.013 WIP (ENDING)
5130 PURCHASE DISCOUNT
5140 PURCHASE RETURN
5510 FINISHED GOOD (ENDING)
Changes in WIP and FG
COST OF SALES

GROSS PROFIT

SELLING EXPENSES
8110 FREIGHT OUT
8120 DONATION EXPENSE
SELLING EXPENSES

ADMINISTRATIVE EXPENSES
Employees' compensation
7110.001 SALARIES EXPENSE
7110.002 EMPLOYEE RETIRED ALOWANCE
7110.003 LEGAL WELFARE
7110.004 STAFF WELFARE EXPENSE
7110.011 FOREIGN STAFF EXPENSE
7110.029 THR, CHRISTMAS, BONUS
Employees' compensation

Professional fees
7110.023 PROFESIONAL EXPENSE ( SERVICE )
7110.034 PROFESIONAL EXPENSE (MATERIAL )
Professional fees

Communication, office expenses, insurance, utilities

7110.008 RENT EXPENSE
7110.010 INSURANCE EXPENSE
7110.022 COMMUNICATION EXPENSE
7110.026 UTILITIES EXPENSE
7110.027 OFFICE EXPENSE ( SERVICE )
7110.033 OFFICE EXPENSE (MATERIAL)
Communication, office expenses, insurance, utilities

Travelling
7110.007 TRAVELLING EXPENSE
Travelling

Depreciation of fixed assets

7110.009 DEPRECIATION EXPENSE
Depreciation of fixed assets

Repair and maintenance

7110.025 REPAIR EXPENSE ( SERVICE )
7110.032 REPAIR EXPENSE (MATERIAL )
Repair and maintenance

Post-employment benefits
7110.030 POST-EMPLOYMENT BENEFIT EXPENSE
Post-employment benefits

Miscellaneous
7110.005 TAXES OTHER THAN INCOME
7110.006 ENTERTAINMENT EXPENSE
7110.024 DUES EXPENSE
7110.028 AMORTIZATION EXPENSE
Miscellaneous
ADMINISTRATIVE EXPENSES

OTHER INCOME
9100.002 FOREIGN EXCHANGE GAIN
9510.002 FOREIGN EXCHANE LOSS
9100.003 MISCELANEOUS REVENUE
9510.010 GAIN/LOSS ON DISPOSAL OF FA
9510.013 GAIN LOSS DISPOSAL MATERIAL
OTHER INCOME

OTHER EXPENSES
9510.004 TAX OTHER & PENALTY
9510.005 MISCELANEOUS EXPENSE
9510.007 SALARIES MARKETING, EXIN&MARE
9510.008 SAMPLE OF EXIBITION
9510.015 OTHER EXPENSE
OTHER EXPENSES

RESULTS FROM OPERATING ACTIVITIES

FINANCE INCOME
9100.001 INTEREST INCOME
FINANCE INCOME

PROFIT BEFORE INCOME TAX

INCOME TAX EXPENSE

9510.011 CURRENT CORPORATE TAX
9510.012 DEFERRED CORPORATE TAX
INCOME TAX EXPENSE

PROFIT/TOTAL COMPREHENSIVE INCOME FOR THE YEAR

OTHER COMPREHENSIVE INCOME

Remeasurements of defined liability
Tax on other comprehensive income
TOTAL OTHER COMPREHENSIVE INCOME

PROFIT/TOTAL COMPREHENSIVE INCOME FOR THE YEAR

Control
 PT Nitori Furniture Indonesia
31-Dec-17
In thousands of Rupiah

Idx Description Audited Balance Audited Balance Fluc

Idx
30-Nov-17 31-Dec-17 31-Dec-16 31-Dec-17 31-Dec-16 Amount %
K MONTHLY YEARLY D K MONTHLY YEARLY

SALES
a Sales
TOTAL SALES

COST OF GOODS SOLD

c Cost of sales (Movements of direct material)
n Cost of sales (Direct labor - general)
u Cost of sales (Direct labor - PEB)
o Cost of sales (FOH-Depreciation)
p Cost of sales (FOH-Others)
q Cost of sales (Movements of indirect material)
r Cost of sales (Movements of WIP)
b Cost of sales (Movements of finished goods)

TOTAL COST OF GOODS SOLD

GROSS PROFIT

DISTRIBUTION EXPENSES
d Freight out
s Miscellaneous

ADMINISTRATION EXPENSES
j Employee compensation
k Professional fee
l Depreciation of fixed assets
t Post employment benefits
e Other operating expenses

g CURRENCY EXCHANGE LOSS, NET

m (OTHER INCOME) EXPENSE, NET

TOTAL SELLING EXPENSE AND OPERATING EXPENSE

RESULTS FROM OPERATING ACTIVITIES

f FINANCE INCOME

PROFIT BEFORE INCOME TAX

INCOME TAX EXPENSE (BENEFIT)

h CURRENT
i DEFERRED
INCOME TAX EXPENSE, NET

PROFIT

OTHER COMPREHENSIVE INCOME

y Remeasurements of defined liability
z Tax on other comprehensive income
TOTAL OTHER COMPREHENSIVE INCOME

PROFIT/TOTAL COMPREHENSIVE INCOME FOR THE YEAR

-
 1784_Nitori Furniture
Company Indonesia_AD13
Summary of Corrected Audit Misstatements
For Year Ended 11/20/2014
Amounts in Thousands
Method Used to QuantityBalance Sheet Method (Iron Curtain)
Audit Missta

Detailed instructions on automatically populating the audit misstatements from the Tracker are provided in the "Instructions" tab.

Income Statement of
Statement Comprehensive
Balance Sheet Effect - Debit (Credit) Cash Flow Effect - Increase (Decrease)
Effect - Debit Income - Debit
(Credit) (Credit)

Type of Identified Income Effect Noncurrent Comprehensive

ID Description of misstatement misstateme During Accounts Debit (Credit) Debit (Credit) Equity Current Assets Noncurrent Assets Current Liabilities Liabilities Operating Activities Investing Activities Financing Activities Income
nt

Total income efect of corrected audit misstatements – Interim 0 0 0 0 0 0 0 0 0 0

To reclassify claim for tax refunds
RJE 1 for VAT 2013 and 2012 Factual Final Dr. 1450.007 - Prepaid Tax PPH 25 2,302,997,232 0 0 0 2,302,997,232 0 0 2,302,997,232 0 0 0
Cr. 1471 - VAT Input (2,302,997,232) 0 0 (2,302,997,232) 0 0 0 (2,302,997,232) 0 0 0

To record recognition of deferred

tax for the year ended 20 Nov
AJE 1 2014 Factual Final Dr. 9510.012 - Deferred tax expense 2,461,791,957 0 0 0 0 0 0 0 0 0 2,461,791,957
Cr. 1960 - Deferred tax assets (2,461,791,957) 0 0 0 (2,461,791,957) 0 0 (2,461,791,957) 0 0 0

Total income efect of corrected audit misstatements – Final 0 0 (2,302,997,232) (158,794,725) 0 0 (2,461,791,957) 0 0 2,461,791,957