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-2002
Fiscal Year Ends            : Dec
Months Covered in Income St : 3

Summary of Balance Sheet
  Receivables               :       2,051,778.58
  Inventories               :         250,000.00
  Current Assets            :       3,074,931.86
  Fixed Assets              :       2,127,777.09
  Other Asstes              :           5,915.00
  Total Assets              :     100,983,703.19
  Current Liabilities       :      45,851,018.01
  Longterm Liabiities       :      42,330,735.00
  Total Liabilities         :      88,181,753.01
  Authorized                :         460,000.00
  Paid-up Capital           :      57,500,000.00
  Par Value                 :                500
  Paid-up Capital Shares    :         115,000.00
  Retained Earnings         :     -59,337,560.75
  Total Equity              :      -3,247,698.70
  Minority Interest         :      16,049,648.88

Summary of Income Statement
  Total Sales               :               0.00
  Cost of Good Sold         :               0.00
  Gross Profit              :               0.00
  Operating Profit          :        -488,702.44
  Other Income              :         -30,778.58
  Eearning Before Tax       :        -519,481.02
  Tax                       :        -160,605.54
  Net Income                :        -299,009.83
  Closing Price             :              65.00

Per Share Data (Rp)
  Eps                       :             -10.40
  Book Value                :             -28.24

Financial Ratios
  Debt Equity Ratio (X)     :             -27.15
  Roa (%)                   :              -1.18
  Roe (%)                   :              36.83
  Npm (%)                   :               0.00
  Opm (%)                   :               0.00

Cash Flow
  CF from Operating Activities                        :         -55,949.14
  CF from Investing Activities                        :           2,000.00
  CF from Financing Activities                        :         -82,500.00
  Net Increase in Cash & Cash Equivalent              :        -136,449.14
  Cash & Cash Equivalent at The Beginning of The Year :         817,912.18
  Cash & Cash Equivalent at The End of The Year       :         681,463.04