PT.

BALQIS ISTANA FURNITURES

BALANCE SHEET
AS ON DECEMBER 31, 2010

Account No Description Debet Credit

1-1101 Cash 33,450,000

1-1102 Bank Citi Asia 2,912,001,040
1-1103 Deposir In Bank Citi Asia 1,000,000,000
1-1201 Account Receivables 884,675,000
1-1202 Allowance For Bad Debt 2,500,000
1-1203 Notes Receivables 125,000,000
1-1301 Merchandise Inventory 245,250,000
1-1401 Prepaid Insurance 12,000,000
1-1601 Prepaid Tax Art. 25 46,000,000
1-1602 Value Added Tax - IN 91,651,500
1-1702 Goods Order Deposit 35,000,000
1-9999 Suspense A/C 0
1-2101 Building 285,000,000
1-2102 Accum. Depre. Of Building 105,208,334
1-2103 Vehicles 350,000,000
1-2104 Accum. Depre. Of Vehicles 175,000,000
1-2105 Office Equipment 50,000,000
1-2106 Accum. Depre. Of Office Equipment 30,000,000
2-1101 Account Payable To Vendor 386,540,000
2-1102 Value Added Tax - OUT 106,928,640
2-1103 Value Added Ta - Payable 0
2-1104 Accrued Tax Art. 21 9,500,000
2-1105 Differed Revenue 30,000,000
2-1106 Salaries Payable 0
2-1107 Accrued Expense 6,750,000
2-9999 Others Payable 1,000,000
3-1100 Equity 1,000,000,000
3-1200 Retained Earning 3,625,149,999
3-1300 Current Year Earning 0
3-9999 Historical Balancing 0
4-1100 Sales Of Furniture 12,580,450,000
4-2100 Sales Discount 39,443,600
4-3100 Sales Return 10,220,000
5-1100 Purchase - Furniture 8,444,750,000
5-2100 Purchase Discount 86,635,000
5-3100 Purchase Return 21,600,000
5-4100 Freight In 500,000,000
6-1101 Selling Salaries Expense 396,000,000
6-1102 Commission Expense 250,000,000
6-1103 Selling THR and Bonus Expense 346,000,000
6-1104 Advertising Expense 35,250,000
6-1105 Selling Telephone/Fax/Internet Expense 60,000,000
6-1106 Selling Insurance Expense 10,000,000
6-1107 Selling Delivery Expense 40,450,000
6-1108 Depreciation of Vehicle 40,104,167
6-1109 Vehicle Maintenance 6,350,000
6-1999 Others Selling Expense 1,000,000
6-2101 General Adm Salaries Expense 924,000,000
6-2102 General Adm THR and Bonus Expense 806,000,000
6-2103 General Adm Telephone/Fax/Internet Expense 40,000,000
6-2104 Water & Electricity Expense 22,000,000
6-2105 Depreciation of Building 11,458,333
6-2106 Depreciation of Office Equipment 11,458,333
6-2107 General & Adm Insurance Expense 11,000,000
6-2108 Office Supplies Expense 21,500,000
6-2109 Jamsostek Expense 90,000,000
6-2110 Donation 3,000,000
6-2999 Others General Adm Expense 650,000
8-1101 Interest Income 27,500,000
8-1102 Late Fees Collected 1,500,000
8-1999 Other Income 2,500,000
9-1101 Bank Charges 7,500,000
9-1102 Late Charges Payment 500,000
9-1999 Other Expense 100,000
18,198,761,973 18,198,761,973
 PT. BALQIS ISTANA FURNITURES
WORKSHEET
FOR PERIOD ENDED DECEMBER 31, 2010

Account Trial Balance Adjustment Income Statement Balance Sheet

Description
No Debet Credit Debet Credit Debet Credit Debet Credit
1-1101 Cash 33,450,000 2,000,000 35,450,000
1-1102 Bank Citi Asia 2,912,001,040 5,235,543 130,647,091 2,786,589,492
1-1103 Deposir In Bank Citi Asia 1,000,000,000 1,000,000,000
1-1201 Account Receivables 884,675,000 884,675,000
1-1202 Allowance For Bad Debt 2,500,000 2,500,000
1-1203 Notes Receivables 125,000,000 125,000,000
1-1301 Merchandise Inventory 245,250,000 404,050,000 245,250,000 404,050,000
1-1401 Prepaid Insurance 12,000,000 1,000,000 11,000,000
1-1601 Prepaid Tax Art. 25 46,000,000 46,000,000
1-1602 Value Added Tax - IN 91,651,500 91,651,500 0
1-1702 Goods Order Deposit 35,000,000 35,000,000
1-9999 Suspense A/C 0 0
1-2101 Building 285,000,000 285,000,000
1-2102 Accum. Depre. Of Building 105,208,334 1,187,500 106,395,834
1-2103 Vehicles 350,000,000 350,000,000
1-2104 Accum. Depre. Of Vehicles 175,000,000 7,291,667 182,291,667
1-2105 Office Equipment 50,000,000 50,000,000
1-2106 Accum. Depre. Of Office Equipment 30,000,000 1,041,667 31,041,667
2-1101 Account Payable To Vendor 386,540,000 386,540,000
2-1102 Value Added Tax - OUT 106,928,640 106,928,640 0
2-1103 Value Added Tax - Payable 0 15,277,140 15,277,140
2-1104 Accrued Tax Art. 21 9,500,000 9,500,000
2-1105 Differed Revenue 30,000,000 2,000,000 32,000,000
2-1106 Salaries Payable 0 0
2-1107 Accrued Expense 6,750,000 73,250,000 80,000,000
2-9999 Others Payable 1,000,000 1,000,000
3-1100 Equity 1,000,000,000 1,000,000,000
3-1200 Retained Earning 3,625,149,999 3,625,149,999
3-1300 Current Year Earning 0
3-9999 Historical Balancing 0 245,250,000 404,050,000 158,800,000
4-1100 Sales Of Furniture 12,580,450,000 12,580,450,000
4-2100 Sales Discount 39,443,600 39,443,600
4-3100 Sales Return 10,220,000 10,220,000
5-1100 Purchase - Furniture 8,444,750,000 8,444,750,000
5-2100 Purchase Discount 86,635,000 86,635,000
5-3100 Purchase Return 21,600,000 21,600,000
5-4100 Freight In 500,000,000 500,000,000
6-1101 Selling Salaries Expense 396,000,000 36,000,000 432,000,000
6-1102 Commission Expense 250,000,000 40,000,000 290,000,000
6-1103 Selling THR and Bonus Expense 346,000,000 25,000,000 371,000,000
6-1104 Advertising Expense 35,250,000 35,250,000
6-1105 Selling Telephone/Fax/Internet Expense 60,000,000 3,500,000 63,500,000
6-1106 Selling Insurance Expense 10,000,000 600,000 10,600,000
6-1107 Selling Delivery Expense 40,450,000 40,450,000
6-1108 Depreciation of Vehicle 40,104,167 7,291,667 47,395,834
6-1109 Vehicle Maintenance 6,350,000 6,350,000
6-1999 Others Selling Expense 1,000,000 1,000,000
6-2101 General Adm Salaries Expense 924,000,000 84,000,000 1,008,000,000
6-2102 General Adm THR and Bonus Expense 806,000,000 806,000,000
6-2103 General Adm Telephone/Fax/Internet Exp. 40,000,000 1,500,000 41,500,000
6-2104 Water & Electricity Expense 22,000,000 3,250,000 25,250,000
6-2105 Depreciation of Building 11,458,333 1,187,500 12,645,833
6-2106 Depreciation of Office Equipment 11,458,333 1,041,667 12,500,000
6-2107 General & Adm Insurance Expense 11,000,000 400,000 11,400,000
6-2108 Office Supplies Expense 21,500,000 21,500,000
6-2109 Jamsostek Expense 90,000,000 9,600,000 99,600,000
6-2110 Donation 3,000,000 3,000,000
6-2999 Others General Adm Expense 650,000 650,000
8-1101 Interest Income 27,500,000 5,235,543 32,735,543
8-1102 Late Fees Collected 1,500,000 1,500,000
8-1999 Other Income 2,500,000 2,500,000
9-1101 Bank Charges 7,500,000 1,047,091 8,547,091
9-1102 Late Charges Payment 500,000 500,000
9-1999 Other Expense 100,000 100,000
18,198,761,973 18,198,761,973 977,882,108 977,882,108 12,343,152,358 12,884,220,543 6,012,764,492 5,471,696,307
541,068,185 541,068,185
12,884,220,543 12,884,220,543 6,012,764,492 6,012,764,492
 PT. BALQIS ISTANA FURNITURES
STATEMENT OF INCOME
FOR PERIOD ENDED DECEMBER 31, 2010
Penjualan
Sales of Furniture 12,580,450,000
Sales Discount 39,443,600
Sales Return 10,220,000
49,663,600
Penjualan Bersih 12,530,786,400
Harga Pokok Penjualan
Merchandise Inventory (Awal) 245,250,000
Purchase - Furniture 8,444,750,000
Freight In 500,000,000
8,944,750,000
Purchase Discount 86,635,000
Purchase Return 21,600,000
108,235,000
Pembelian Bersih 8,836,515,000
Barang Tersedia Untuk Dijual 9,081,765,000
Merchandise Inventory (Akhir) 404,050,000
HPP 8,677,715,000
Laba Kotor 3,853,071,400
Beban Penjualan :
Selling Salaries Expense 432,000,000
Commission Expense 290,000,000
Selling THR and Bonus Expense 371,000,000
Advertising Expense 35,250,000
Selling Telephone/Fax/Internet Expense 63,500,000
Selling Insurance Expense 10,600,000
Selling Delivery Expense 40,450,000
Depreciation of Vehicle 47,395,834
Vehicle Maintenance 6,350,000
Others Selling Expense 1,000,000
Total Beban Penjualan 1,297,545,834
Beban Adm :
General Adm Salaries Expense 1,008,000,000
General Adm THR and Bonus Expense 806,000,000
General Adm Telephone/Fax/Internet Exp. 41,500,000
Water & Electricity Expense 25,250,000
Depreciation of Building 12,645,833
Depreciation of Office Equipment 12,500,000
General & Adm Insurance Expense 11,400,000
Office Supplies Expense 21,500,000
Jamsostek Expense 99,600,000
Donation 3,000,000
Others General Adm Expense 650,000
Total Beban Adm 2,042,045,833
Total Beban Usaha (Penjualan&Adm) 3,339,591,667
Laba Usaha 513,479,733
Pendapatan Lain-Lain :
Interest Income 32,735,543
Late Fees Collected 1,500,000
Other Income 2,500,000
Total Pendapatan Lain-Lain 36,735,543
Beban Lain-Lain :
Bank Charges 8,547,091
Late Charges Payment 500,000
Other Expense 100,000
Total Beban Lain-Lain 9,147,091
Total Pendapatan dan Beban Lain-Lain 27,588,452
Laba Netto 541,068,185

PT. BALQIS ISTANA FURNITURES

CAPITAL STATMENT
FOR PERIOD ENDED DECEMBER 31, 2010

Equity Beginning 1,000,000,000

Retained Earning 3,625,149,999
Current Year Earning 541,068,185
4,166,218,184
Equity Ending 5,166,218,184
 PT. BALQIS ISTANA FURNITURES
BALANCE SHEET
FOR PERIOD ENDED DECEMBER 31, 2010

ASSET LIABILITAS + EKUITAS

Current Asset : Liabilitas :
1-1101 Cash 35,450,000 2-1101 Account Payable To Vendor 386,540,000
1-1102 Bank Citi Asia 2,786,589,492 2-1103 Value Added Tax - Payable 15,277,140
1-1103 Deposir In Bank Citi Asia 1,000,000,000 2-1104 Accrued Tax Art. 21 9,500,000
1-1201 Account Receivables 884,675,000 2-1105 Differed Revenue 32,000,000
1-1202 Allowance For Bad Debt (2,500,000) 2-1107 Accrued Expense 80,000,000
1-1203 Notes Receivables 125,000,000 2-9999 Others Payable 1,000,000
1-1301 Merchandise Inventory 404,050,000 Total Liabilitas 524,317,140
1-1401 Prepaid Insurance 11,000,000
1-1601 Prepaid Tax Art. 25 46,000,000
1-1702 Goods Order Deposit 35,000,000
Total Current Asset 5,325,264,492
Fixed Asset : Ekuitas :
1-2101 Building 285,000,000 3-1100 Equity 1,000,000,000
1-2102 Accum. Depre. Of Building (106,395,834) 3-1200 Retained Earning 3,625,149,999
1-2103 Vehicles 350,000,000 3-1300 Current Year Earning 541,068,185
1-2104 Accum. Depre. Of Vehicles (182,291,667) Total Ekuitas 5,166,218,184
1-2105 Office Equipment 50,000,000 Total Liabilitas + Ekuitas 5,690,535,324
1-2106 Accum. Depre. Of Office Equipment (31,041,667)
Total Fixed Asset 365,270,832
Total Asset 5,690,535,324
 PT. BALQIS ISTANA FURNITURES
CAPITAL STATMENT
FOR PERIOD ENDED DECEMBER 31, 2010

Equity Beginning 1,000,000,000

Retained Earning 3,625,149,999
Current Year Earning 541,068,185
4,166,218,184
Equity Ending 5,166,218,184