PT NANDA PRIYATNA HARAHAP

STATEMENTS OF FINANCIAL POSITION

31 DECEMBER 2013 AND 2012
(Expressed in Rupiah, unless otherwise stated)

Notes 2013
A S S E T S

Current Assets
Cash and cash equivalents 2,3 5,525,867,463
Trade receivables
Third parties 2,4 25,916,349,423
Related parties 2,4,18a 1,942,551,855
Unbilled revenue 18b 425,685,538
Advance and other receivables 2,5 3,617,390,129
Prepaid expenses 2,6 1,587,317,291

Total Current Assets 39,015,161,699

Non-Current Assets
Property and equipment - net of accumulated
depreciation Rp 1,394,678,867
(2012 : Rp 1,190,885,339) 2,7 574,516,928
Deposits 8 1,606,996,441
Deferred tax assets 2,17d 577,584,410

Total Non-Current Assets 2,759,097,779

TOTAL ASSETS 41,774,259,478

See accompanying Notes to Financial Statements on Exhibit E

which are an integral part of the Financial Statements taken as a whole
 Exhibit A

2012

4,070,177,164

17,354,388,770
2,146,358,339
545,990,154
2,259,087,205
703,140,063

27,079,141,695

652,059,285
6,106,700,176
531,730,042

7,290,489,503

34,369,631,198

it E
a whole
 PT NANDA PRIYATNA HARAHAP
STATEMENTS OF FINANCIAL POSITION
31 DECEMBER 2013 AND 2012
(Expressed in Rupiah, unless otherwise stated)

Notes 2013
LIABILITIES AND EQUITY

LIABILITIES

Current Liabilities
Bank loans 9 -
Trade payables
Third parties 2,10 7,671,315,502
Related parties 2,10,18c 6,416,686,074
Taxes payable 2,17a 1,235,918,495
Accrued expenses 11 1,966,511,004
Other current liabilities 1,002,501,467
Loan of related parties 2,18d 19,147,388,189

Total Current Liabilities 37,440,320,731

Non-Current Liabilities
Post-employment benefits obligation 2,12 2,167,417,701

Total Liabilities 39,607,738,432

EQUITY
Share capital par value Rp 1,000,000 per share
Authorized, subscribed and fully paid
1,250 shares 13 1,250,000,000
Retained earnings 916,521,046

Total Equity 2,166,521,046

TOTAL LIABILITIES AND EQUITY 41,774,259,478

See accompanying Notes to Financial Statements on Exhibit E

which are an integral part of the Financial Statements taken as a whole
 Exhibit A/2

2012

3,448,520,139

5,373,317,690
3,381,322,630
904,425,783
898,413,409
806,559,498
15,376,162,954

30,188,722,103

1,613,231,010

31,801,953,113

1,250,000,000
1,317,678,085

2,567,678,085

34,369,631,198

bit E
s a whole
 PT NANDA PRIYATNA HARAHAP
STATEMENTS OF COMPREHENSIVE INCOME
FOR THE YEARS ENDED 31 DECEMBER 2013 AND 2012
(Expressed in Rupiah, unless otherwise stated)

Notes 2013

Revenue 2,14 149,365,831,074

Cost of revenue 2,15 ( 129,343,682,153)

Gross income 20,022,148,921

Operating expenses 2,16 ( 17,078,812,355)

Operating income 2,943,336,566

Loss on foreign exchange ( 1,425,531,224)

Interest expense ( 1,397,296,211)
Others net ( 30,000,000)

Income (loss) before tax benefit 90,509,131

Tax benefit/ (Expense)

Current 2,17b ( 537,520,538)
Deferred 2,17b 45,854,368

Total tax expense ( 491,666,170)

Net loss for the year ( 401,157,039)

Other comprehensive income -

Total comprehensive loss for the year ( 401,157,039)

See accompanying Notes to Financial Statements on Exhibit E

which are an integral part of the Financial Statements taken as a whole
 Exhibit B

2012

120,898,786,627

( 105,270,083,785)

15,628,702,842

( 14,727,597,205)

901,105,637

( 535,904,547)
( 1,132,855,988)
372,802,732

( 394,852,166)

( 331,508,096)
101,999,344

( 229,508,752)

( 624,360,918)

( 624,360,918)

it E
a whole
 PT NANDA PRIYATNA HARAHAP
STATEMENTS OF CHANGES IN EQUITY
FOR THE YEARS ENDED 31 DECEMBER 2013 AND 2012
(Expressed in Rupiah, unless otherwise stated)

Share Retained
capital earnings

Balance at 31 December 2011 1,250,000,000 1,942,039,003

Net loss for the year - ( 624,360,918)

Balance at 31 December 2012 1,250,000,000 1,317,678,085

Net loss for the year - ( 401,157,039)

Balance at 31 December 2013 1,250,000,000 916,521,046

Note 13

See accompanying Notes to Financial Statements on Exhibit E

which are an integral part of the Financial Statements taken as a whole
 Exhibit C

Total
equity

3,192,039,003

( 624,360,918)

2,567,678,085

( 401,157,039)

2,166,521,046

bit E
as a whole
 Exhibit D

PT NANDA PRIYATNA HARAHAP

STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED 31 DECEMBER 2013 AND 2012
(Expressed in Rupiah, unless otherwise stated)

2013 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Income (loss) before tax benefit 90,509,131 ( 394,852,166)
Adjustments to reconcile income (loss) before income tax expense
to net cash provided by (used in) operating activities:
Depreciation of property and equipment ( see Note 7 ) 203,793,528 229,700,265
Provision for post-employment benefits ( see Note 12 ) 554,186,691 481,612,675
Amortization for computer software - 234,333
Interest expense - 1,132,855,988

Operating cash flows before changes in assets and liabilities 848,489,350 1,449,551,095
Changes in working capital:
Trade accounts receivable ( 8,561,960,653) ( 2,213,634,249)
Due to from related party 203,806,484 ( 1,195,829,784)
Other account receivables ( 1,358,302,924) ( 1,434,636,512)
Prepaid expenses ( 884,177,228) ( 4,129,259)
Refundable deposit 4,499,703,735 ( 5,315,055,189)
Trade accounts payable 2,297,997,812 3,014,764,142
Taxes payable 153,230,446 ( 338,044,182)
Accrued expenses 1,068,097,595 80,670,960
Other current liabilities 195,941,969 172,119,102
Interest paid ( 1,397,296,211) ( 1,132,855,988)
Income tax paid ( 359,258,272) ( 331,508,096)

Net cash flows provided by (used in) operating activities (3,293,727,897) ( 7,248,587,960)

CASH FLOWS FROM INVESTING ACTIVITIES

Acquisitions of property and equipment ( see Note 7 ) ( 126,251,171) ( 232,339,245)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds of bank loans ( see Note 9 ) ( 3,448,520,139) 1,289,882,465
(Payment) proceeds of loan to related parties ( see Note 18d ) 3,771,225,235 9,255,262,954

Net cash flows provided by financing activities 322,705,096 10,545,145,419

NET INCREASE IN CASH CASH EQUIVALENTS AND CASH EQUIVALENTS ( 3,097,273,972) 3,064,218,214

CASH AND CASH EQUIVALENTS AT BEGINNING OF YEARS 4,070,177,164 1,005,958,950

CASH AND CASH EQUIVALENTS AT END OF YEARS 972,903,192 4,070,177,164

See accompanying Notes to Financial Statements on Exhibit E

which are an integral part of the Financial Statements taken as a whole
 PT NANDA PRIYATNA HARAHAP
STATEMENTS OF FINANCIAL POSITION
31 DECEMBER 2013 AND 2012
(Expressed in Rupiah, unless otherwise stated)

Notes 2013
A S S E T S

Current Assets
Cash and cash in banks 2c,e,3 5,525,867,463
Trade receivable - net
Third parties 2c,d,f,4 25,916,349,423
Related parties 2b,19a 1,942,551,855
Unbilled revenue 2b,c,19b 425,685,538
Advance and other receivable 2c,5 3,617,390,129
Prepaid expenses 2g,6 1,587,317,291

Total Current Assets 39,015,161,699

Non-Current Assets
Property and equipment - net of accumulated
depreciation Rp 740,203,727
(2010 : Rp 1,833,009,068) 2h,7 574,516,928
Computer software net of amortization
Rp 267,934,167 (2010 : Rp 436,061,667) 2i,8
Refundable deposits 2c,9 1,606,996,441
Deferred tax assets 2j,18e 577,584,410

Total Non-Current Assets 2,759,097,779

TOTAL ASSETS 41,774,259,478

Notes 2012
LIABILITIES AND EQUITY

LIABILITIES

Current Liabilities
Bank loans 2c,d,10 -
Trade payable
Third parties 2c,11 7,671,315,502
Related parties 2b,19c 6,416,686,074
Taxes payable 2j,18b 1,026,859,701
Payament tax 209,058,794
Accrued expenses 12 1,966,511,004
Other current liabilities 2d 1,002,501,467
Loans from shareholders 2c,b,d,19d 19,147,388,189

Total Current Liabilities 37,440,320,731

Non-Current Liabilities
Post-employment benefits obligation 2k,13 2,167,417,701

Total Liabilities 39,607,738,432

EQUITY
Share capital par value Rp 1,000,000 per share
Authorized, subscribed and fully paid
1,250 shares 14 1,250,000,000
Retained earnings 916,521,046

Total Equity 2,166,521,046

TOTAL LIABILITIES AND EQUITY 41,774,259,478

0

Adjustment
Payment income tax
Depresiasi fixed asset
Post employment benefit
Interest Bank
Interest expense

481612675
 (INCREASE) Adjustment
2012 DECREASE Non Cash Item
NO

4,070,177,164 ( 1,455,690,299)

17,354,388,770 ( 8,561,960,653)
2,146,358,339 203,806,484
545,990,154 120,304,616
2,259,087,205 ( 1,358,302,924)
703,140,063 ( 884,177,228)

27,079,141,695

652,059,285 77,542,357 2 203,793,528

6,106,700,176 4,499,703,735
531,730,042 ( 45,854,368) 45,854,368

7,290,489,503

34,369,631,198

2011

3,448,520,139 ( 3,448,520,139)

5,373,317,690 2,297,997,812
3,381,322,630 3,035,363,444
873,629,255 153,230,446
30,796,528 178,262,266 178,262,266
898,413,409 1,068,097,595
 806,559,498 195,941,969
15,376,162,954 3,771,225,235

30,188,722,103

1,613,231,010 554,186,691 3 554,186,691

31,801,953,113

1,250,000,000 0
1,317,678,085 ( 401,157,039) 537,520,538 1 2 45,854,368

2,567,678,085

34,369,631,198
0

178,262,266 1 1 537,520,538
203,793,528 2 2 -
554,186,691 3 3 0
(1,397,296,211) 4
5 (1,397,296,211)

0 122,321,180 122,321,180
 CASH ITEM OPERATING INVESTING FINANCING

( 1,455,690,299)

( 8,561,960,653) ( 8,561,960,653)
203,806,484 203,806,484
120,304,616 120,304,616
( 1,358,302,924) ( 1,358,302,924)
( 884,177,228) ( 884,177,228)

( 126,251,171) ( 126,251,171)

4,499,703,735 4,499,703,735
0 0 0

( 3,448,520,139) ( 3,448,520,139)

2,297,997,812 2,297,997,812
3,035,363,444 3,035,363,444
153,230,446 153,230,446
0 0
1,068,097,595 1,068,097,595
 195,941,969 195,941,969
3,771,225,235 3,771,225,235

0 0

0 0
90,509,131 ( 401,157,039)

( 359,258,272) ( 359,258,272)
203,793,528 203,793,528
554,186,691 554,186,691
( 1,397,296,211) ( 1,397,296,211)
1,397,296,211 1,397,296,211

0 767,570,204 ( 126,251,171) 322,705,096

0 Control 964,024,129
( 1,455,690,299)
( 491,666,170)
CASH FLOW STATEMENT

Ending Year as of 31 Desember 2013

NON CASH ADJUSTMENT

-Depreciation
-Amortization
-Disposal
-Reklasifikasi
-Employee Benefit - non cash (no payment made to employee)
-Accrued expense - non cash (for accrued current period)
-Minority interest
-Deffered tax
Total Movement after adjustment non cash
Check input

CASH FLOWS FROM OPERATING ACTIVITIES

Receipts from customers
Payments to suppliers and employees and the other
Receipts (Payment) for other income (expenses)
Interest paid
Income tax paid

Net cash flows provided by operating activities

CASH FLOWS FROM INVESTING ACTIVITIES

Acquisitions of property and equipment ( see Note 7 )

Net cash flows used in investing activities

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds of bank loans ( see Note 9 )
(Payment) proceeds of loan to related parties ( see Note 18d )
Net cash flows provided by financing activities

NET (DECREASE) INCREASE IN CASH AND BANKS

Kas setara kas entitas anak

CASH AND BANKS AT BEGINNING OF YEARS

CASH AND BANKS AT END OF YEARS

 (250,637,166) ok

Trade Recv
Period Cash and Bank

Third parties related parties

31-Dec-13 5,525,867,463 25,916,349,423 1,942,551,855
31-Dec-12 4,070,177,164 17,354,388,770 2,146,358,339
Movements 1,455,690,299 8,561,960,653 (203,806,484)

1,455,690,299 8,561,960,653 (203,806,484)

1,455,690,299 - -

141,007,676,905 (8,561,960,653) 203,806,484

(142,241,129,414)
390,930,044
2,461,017,111
(359,258,272)

1,259,236,374

(126,251,171)

(126,251,171)

(3,448,520,139)
3,771,225,235
322,705,096

1,455,690,299

4,070,177,164

5,525,867,463 - (8,561,960,653) 203,806,484

- Selisih deffered tax
 ok ok ok ok

Unbilled Advance and

PPE

Revenue other receivables Prep Exp

425,685,538 3,617,390,129 1,587,317,291 574,516,928
545,990,154 2,259,087,205 703,140,063 652,059,285
(120,304,616) 1,358,302,924 884,177,228 (77,542,357)

(120,304,616) 1,358,302,924 884,177,228 (77,542,357)

- - - -

120,304,616

(1,358,302,924) (884,177,228) 203,793,528

(126,251,171)

120,304,616 (1,358,302,924) (884,177,228) 77,542,357

 ok ok ok

Trade payables
Deposit DTA Bank Loan

Third parties
1,606,996,441 577,584,410 (7,671,315,502)
6,106,700,176 531,730,042 (3,448,520,139) (5,373,317,690)
(4,499,703,735) 45,854,368 3,448,520,139 (2,297,997,812)

(45,854,368)
(4,499,703,735) - 3,448,520,139 (2,297,997,812)
- - - -

2,297,997,812

4,499,703,735

(3,448,520,139)

4,499,703,735 - (3,448,520,139) 2,297,997,812

 ok ok ok

Trade payables tax payable PPH 25 dan 29

Accrued Expense

Related Parties received

(6,416,686,074) (1,026,859,701) (209,058,794) (1,966,511,004)
(3,381,322,630) (873,629,255) (30,796,528) (898,413,409)
(3,035,363,444) (153,230,446) (178,262,266) (1,068,097,595)

(3,035,363,444) (153,230,446) (178,262,266) (1,068,097,595)

- - - -

3,035,363,444 153,230,446
1,068,097,595

178,262,266

3,035,363,444 153,230,446 178,262,266 1,068,097,595

 ok ok ok
Loan of
Post-employment
Other current Share
benefit
liabilities
related parties Capital
(1,002,501,467) (19,147,388,189) (2,167,417,701) (1,250,000,000)
(806,559,498) (15,376,162,954) (1,613,231,010) (1,250,000,000)
(195,941,969) (3,771,225,235) (554,186,691) -

(195,941,969) (3,771,225,235) (554,186,691) -

- - - -

195,941,969 554,186,691

3,771,225,235

195,941,969 3,771,225,235 554,186,691 -

 ok

RE/ Operating expenses

Revenue COGS

Deficit sales
(1,317,678,085) (149,365,831,074) 129,343,682,153 17,078,812,355
(1,317,678,085)
- (149,365,831,074) 129,343,682,153 17,078,812,355

- (149,365,831,074) 129,343,682,153 17,078,812,355

- - - -

149,365,831,074
(129,343,682,153) (17,078,812,355)

- 149,365,831,074 (129,343,682,153) (17,078,812,355)

Loss on foreign Interest Other Current
exchange
Expense Income Tax
1,425,531,224 1,397,296,211 30,000,000 537,520,538

1,425,531,224 1,397,296,211 30,000,000 537,520,538

1,425,531,224 1,397,296,211 30,000,000 537,520,538

- - - -

(1,425,531,224)
(1,397,296,211) (30,000,000)

(537,520,538)

(1,425,531,224) (1,397,296,211) (30,000,000) (537,520,538)

Deferred
Control

Tax
(45,854,368) - 401,157,039
-
(45,854,368)

-
-
-
-
-
-
-
45,854,368 -
- -
- -

- -