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    : 30-Sep-2002
Fiscal Year Ends            : Dec
Months Covered in Income St : 9

Summary of Balance Sheet
  Receivables               :       1,935,500.00
  Inventories               :         221,000.00
  Current Assets            :       2,414,360.38
  Fixed Assets              :         911,945.25
  Other Asstes              :         164,415.00
  Total Assets              :      99,938,072.36
  Current Liabilities       :       9,332,495.58
  Longterm Liabiities       :      41,835,735.00
  Total Liabilities         :      51,168,230.58
  Authorized                :         460,000.00
  Paid-up Capital           :      95,332,618.28
  Par Value                 :           500 & 60
  Paid-up Capital Shares    :         745,543.64
  Retained Earnings         :     -60,747,626.95
  Total Equity              :      33,174,853.38
  Minority Interest         :      15,594,988.39

Summary of Income Statement
  Total Sales               :               0.00
  Cost of Good Sold         :               0.00
  Gross Profit              :               0.00
  Operating Profit          :      -3,668,218.25
  Other Income              :         534,078.99
  Eearning Before Tax       :      -3,134,139.26
  Tax                       :        -910,537.10
  Net Income                :      -1,709,076.03
  Closing Price             :              50.00

Per Share Data (Rp)
  Eps                       :              -3.06
  Book Value                :              44.50

Financial Ratios
  Debt Equity Ratio (X)     :               1.54
  Roa (%)                   :              -2.28
  Roe (%)                   :              -6.87
  Npm (%)                   :
  Opm (%)                   :

Cash Flow
  CF from Operating Activities                        :        -793,628.83
  CF from Investing Activities                        :         270,500.00
  CF from Financing Activities                        :        -168,155.43
  Net Increase in Cash & Cash Equivalent              :        -691,284.26
  Cash & Cash Equivalent at The Beginning of The Year :         817,912.18
  Cash & Cash Equivalent at The End of The Year       :         126,627.92