ADFO
Adindo Foresta Indonesia Tbk
Af          :
Sector Code : 15
Sector Name : FORESTRY

(In thousand rupiah except Par Value, Closing Price and Ratios)

Financial Statement Date    : 31-Mar-2001
Fiscal Year Ends            : Dec
Months Covered in Income St : 3

Summary of Balance Sheet
  Receivables               :      19,959,971.71
  Inventories               :       2,370,106.14
  Current Assets            :      23,515,793.87
  Fixed Assets              :      47,960,521.32
  Other Asstes              :           5,915.00
  Total Assets              :     165,729,732.55
  Current Liabilities       :      80,153,946.75
  Longterm Liabiities       :      41,835,735.00
  Total Liabilities         :     121,989,681.75
  Authorized                :         460,000.00
  Paid-up Capital           :      57,500,000.00
  Par Value                 :                500
  Paid-up Capital Shares    :         115,000.00
  Retained Earnings         :     -28,928,003.77
  Total Equity              :      27,161,858.28
  Minority Interest         :      16,578,192.52

Summary of Income Statement
  Total Sales               :         124,000.00
  Cost of Good Sold         :          62,431.34
  Gross Profit              :          61,568.66
  Operating Profit          :      -2,196,829.21
  Other Income              :      -2,800,936.08
  Eearning Before Tax       :      -4,997,765.29
  Tax                       :      -1,155,473.07
  Net Income                :      -3,823,695.37
  Closing Price             :             100.00

Per Share Data (Rp)
  Eps                       :            -133.00
  Book Value                :             236.19

Financial Ratios
  Debt Equity Ratio (X)     :               4.49
  Roa (%)                   :              -9.23
  Roe (%)                   :             -56.31
  Npm (%)                   :          -3,083.63
  Opm (%)                   :          -1,771.64

Cash Flow
  CF from Operating Activities                        :         574,411.14
  CF from Investing Activities                        :      -1,056,361.14
  CF from Financing Activities                        :         562,650.77
  Net Increase in Cash & Cash Equivalent              :          80,700.77
  Cash & Cash Equivalent at The Beginning of The Year :         224,625.45
  Cash & Cash Equivalent at The End of The Year       :         305,326.23