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-Dec-2001
Fiscal Year Ends            : Dec
Months Covered in Income St : 12

Summary of Balance Sheet
  Receivables               :       2,419,778.58
  Inventories               :         250,000.00
  Current Assets            :       3,544,674.58
  Fixed Assets              :       2,226,180.07
  Other Asstes              :           5,915.00
  Total Assets              :     101,430,072.89
  Current Liabilities       :      45,856,012.23
  Longterm Liabiities       :      42,413,235.00
  Total Liabilities         :      88,269,247.23
  Authorized                :         460,000.00
  Paid-up Capital           :      57,500,000.00
  Par Value                 :                500
  Paid-up Capital Shares    :         115,000.00
  Retained Earnings         :     -59,038,550.92
  Total Equity              :      -2,948,688.87
  Minority Interest         :      16,109,514.53

Summary of Income Statement
  Total Sales               :         232,191.50
  Cost of Good Sold         :               0.00
  Gross Profit              :         232,191.50
  Operating Profit          :     -16,346,119.61
  Other Income              :      -3,075,722.46
  Eearning Before Tax       :     -19,421,842.07
  Tax                       :      -4,590,476.68
  Net Income                :     -33,934,242.52
  Closing Price             :              70.00

Per Share Data (Rp)
  Eps                       :            -295.08
  Book Value                :             -25.64

Financial Ratios
  Debt Equity Ratio (X)     :             -29.94
  Roa (%)                   :             -33.46
  Roe (%)                   :           1,150.82
  Npm (%)                   :         -14,614.77
  Opm (%)                   :          -7,039.93

Cash Flow
  CF from Operating Activities                        :     -11,410,189.44
  CF from Investing Activities                        :      29,797,029.02
  CF from Financing Activities                        :     -17,793,552.86
  Net Increase in Cash & Cash Equivalent              :         593,286.73
  Cash & Cash Equivalent at The Beginning of The Year :         224,625.45
  Cash & Cash Equivalent at The End of The Year       :         817,912.18