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a.

PV of Bond
Coupon rate
market rate

10.50%
7.60%

Face Value
Interest paid
Tenor
Coupon frequen
Period

0.02625
1.90%

808,000,000,000
21,210,000,000
3 years
4 (paid every 3 month/year)
12

PV of single sum of Principal


PV Annuity of Interest
PV of Bond

644,645,792,884
225,686,733,515
870,332,526,399

Journal Entries issuance of bond at 13 November 2014


11/13/2014 Cash
Bons Payable

b. Schedule of premium amortization

Date
Cash Paid
Interest Expense
11/13/2014
2/12/2015
21,210,000,000
16,536,318,002
5/12/2015
21,210,000,000
16,447,518,044
8/12/2015
21,210,000,000
16,357,030,886
11/12/2015
21,210,000,000
16,264,824,473
2/12/2016
21,210,000,000
16,170,866,138
5/12/2016
21,210,000,000
16,075,122,595
8/12/2016
21,210,000,000
15,977,559,924
11/12/2016
21,210,000,000
15,878,143,563
2/12/2017
21,210,000,000
15,776,838,290
5/12/2017
21,210,000,000
15,673,608,218
8/12/2017
21,210,000,000
15,568,416,774
11/12/2017
21,210,000,000
15,461,226,693

Journal entires for interest during 2014


31-Dec-14 Interest expense
Interest Payable
interest is payable at 31 Dec 2014 and paid at 2015

c. If bond issued at 15 December 2014


Carrying amount at 12 Nov 2014
Partial discount of premium (1/3)
Carrying amount at 15 December 2014
Journal Entries issuance of bond at 15 December 2014
15-Dec-14 Cash
Bonds Payable
record bond issuance
15-Dec-14 Cash

Interest Expense
record accrued interest (13 Nov - 15 Dec 2014) because bond issued between inter
31-Dec-14 Interest expense

Interest Payable
record accrued interest expense during 15 Dec - 31 Dec 2014 (interest is expensed
12-Feb-15 Interest expense
Interest Payable
Bond Payable

Cash
record first payment of interest in 12 Feb 2015: cash paid, reverse of interest paya
Jadi total interest expense dari 15 Dec 2014 - 2 Feb 2015 seharusnya
Dan angka ini merupakan nilai 2/3 dari total interest expense 12 Nov 2014 - 2

c. If bond is redeemed by PT Adira at 101 in 31 December 2016


Carrying Amount at 12 Nov 2016
Partial of premium amort (1.5 month)
Carrying Amount at 31 December 2016
Carrying Amount of BP at 31 Dec 2016
Bond is extinghuished at 101
Gain / (Loss) on ext.

31-Dec-16 Interest expense


Bond Payable
Cash
record accrued interest during 12 Nov 2016 - 31 Dec 2016
31-Dec-16 Bond Payable
Cash
Gain on Extinguishment
record bond redemption: cash paid, write-off of BP, and gain on ext

month/year)

PV factor
PVOA factor

870,332,526,399
870,332,526,399

Premium Amortization
4,673,681,998
4,762,481,956
4,852,969,114
4,945,175,527
5,039,133,862
5,134,877,405
5,232,440,076
5,331,856,437
5,433,161,710
5,536,391,782
5,641,583,226
5,748,773,307

Carrying Amount
870,332,526,399
865,658,844,401
860,896,362,445
856,043,393,331
851,098,217,804
846,059,083,943
840,924,206,538
835,691,766,462
830,359,910,025
824,926,748,315
819,390,356,533
813,748,773,307
808,000,000,000

8,268,159,001
8,268,159,001
paid at 2015

0.7978289516
10.6405814953

870,332,526,399
1,557,893,999
868,774,632,400

868,774,632,400
868,774,632,400

7,070,000,000

7,070,000,000
ec 2014) because bond issued between interest payment date
2,756,053,000

2,756,053,000
g 15 Dec - 31 Dec 2014 (interest is expensed during 15 Dec 2014 to 12 Feb 2015 or 2 months, because bond
15,338,159,001
2,756,053,000
3,115,787,999

21,210,000,000
eb 2015: cash paid, reverse of interest payable, and amortization of Bond Payable
2014 - 2 Feb 2015 seharusnya
11,024,212,001
total interest expense 12 Nov 2014 - 2
11,024,212,001

December 2016
830,359,910,025
2,716,580,855
827,643,329,170
827,643,329,170
816,080,000,000
11,563,329,170

7,888,419,145 >> sama saja dengan nilai 1.5/3 dari total interest expense untuk 1
2,716,580,855
10,605,000,000.0

2016 - 31 Dec 2016


827,643,329,170

uishment
ite-off of BP, and gain on ext

816,080,000,000
11,563,329,170

<< Bond redeemed at 31 Dec 2016

5 or 2 months, because bond is issued at 15 Dec 2014 instead of 12 Nov 2014)

tal interest expense untuk 12 Feb 2017 >>

7,888,419,145

Information
Net Income
Share outstanding
Basic EPS =

1020000
600000

1200000
600000
=

1.7

Diluted EPS=
1st : Calculate diluted effect from each categories of convertible securities
Bonds=

96000
80000

1.2

180000
90000

Stock option=

0
10000

Diluted EPS=

1116000
690000

1.617391

Pref. Share=

Diluted

Anti Diluted
Diluted

1
2

5
6

Memo only
Cash
Convertible Bonds
Share Premium - Share warrant
Cash
Share Capital - Ordinary
Share Premium - Ordinary
Share Premium - Share warrant
Cash
Share Capital - Ordinary
Share Premium - Ordinary
Compensation expense
Share Premium - Share option
Share Premium - Share option
Cash
Share Capital - Ordinary
Share Premium - Ordinary
Share Premium - Share option
Share Premium - Expired Share Option atau Conversion Expense

324,000.00
240,000.00
84,000.00
420,000.00
280,000.00
140,000.00
58,800.00
67,200.00
42,000.00
84,000.00
375,000.00
375,000.00
300,000.00
500,000.00
400,000.00
400,000.00
75,000.00
75,000.00

Statement of Financial Position


2014

inv
op

Description
Cash
Investment
Account Receivable

op
op

Less: Allowance For Doubtful Account


Inventories
Prepaid Insurance

op
inv
inv

Prepaid Rent
Land
Building

inv

Less: Acc. Depr. Building


Equipment

633,000
680,000

Less: Acc. Depr. Equipment


Total Asset

207,000

op
op

Account Payable
Wages Payable

op
op
fin
fin
fin
fin
fin

Interest Payable
Income Tax Payable
Dividend Payable
Bonds Payable
10% Preferred Stock (Rp.5.000 par)
Share Premium - Preferred Stock
Common Stock (Rp.2000 par)

fin

Share Premium - Common Stock


Retained Earnings
Total Liabilities & Equity

Sales
COGS
Gross Profit
Operating Expense
Other Income/Expense
- Loss on Sale on Fixed Asset
Operating Income
Interest Expense
Income Before Tax
Income Tax
Net Income

1,400,000
8,000

1,700,000

of Financial Position
2014

2013
285,000
110,000

Difference
250,000
140,000

650,000
1,392,000
1,725,000
70,000

5,000

100,000
2,000,000

35,000
(30,000)
750,000

645,000
1,800,000
85,000

3,000

1,250,000
2,000,000

(300,000)

100,000
750,000
(350,000)
-

1,067,000

583,000
500,000

1,417,000

50,000
180,000

473,000
7,222,000

152,000

348,000
5,935,000

55,000

292,000
130,000
110,000
82,000
110,000
1,500,000
320,000
859,000
300,000

747,000
(75,000)
(15,000)

125,000
1,287,000

467,000
120,000

(175,000)
10,000

130,000
84,000
100,000
###
70,000
359,000
180,000

(20,000)
(2,000)
10,000
250,000
500,000
120,000

990,000
2,529,000

900,000
2,025,000

90,000
504,000

7,222,000

5,935,000

1,287,000

5,625,000
3,025,000
2,600,000
1,373,000
(5,000)
1,222,000
150,000
1,072,000
243,000
829,000

PT Ekonomi Sejahtera
Statement of Cash Flow (Indirect Method)
For The Year Ended 31 Dec 2014 (in $)
Cash Flow From Operating Activities
Net Income
Adjustment to reconcile Net Income
- Depreciation Expense
- Bad Debt Expense
- Loss on Sale on Fixed Asset
Increase (Decrease) in Asset & Liability
- Increase in A/R
- Decrease in Inventory
-

Decrease in Prepaid Insurance


Increase in Prepaid Rent
Decrease in Account Payable
Increase in Wages Payable
Decrease in Interest Payable

- Decrease in Income Tax Payable


Net Cash Flow From Operating Activities
Cash Flow From Investing Activities
- Cash from sale on Investment
- Cash from sale on Building
- Cash from sale on Equipment
Carrying Amount
Gain on Sales of Equipment
- Cash for purchasing equipment
Net Cash Flow From Investing Activities
Cash Flow From Financing Activities
- Cash from issuing common stock
- Cash for paying dividend
Net Cash Flow From Financing Activities
Increase (Decrease) in Cash
Beggining Cash
Ending Cash

mi Sejahtera
Flow (Indirect Method)
d 31 Dec 2014 (in $)
829,000
335,000
3,000
5,000

Calculation of Depreciation Expense


Depreciation Building

343,000

Accumulated Depr. Building


150,000

(750,000)
75,000
15,000
(100,000)
(175,000)
10,000
(20,000)
(2,000)

Depreciation Equipment
(947,000)
225,000

Accumulated Depr. Equipment


80,000

30,000
130,000

Calculation of Amount of Building Sold/Boug


40,000
15,000

55,000

Building

(300,000)

300,000
(85,000)

210,000

Calculation of Amount of Equipment Sold/Bo

(315,000)
Equipment
(105,000)
120,000
35,000
250,000
285,000

eciation Expense

cumulated Depr. Building


583,000 Beg Year
Sold during the Year
433,000
200,000 Depreciation During 2014 For Building
633,000 Ending of Year

umulated Depr. Equipment


152,000 Beg Year
Sold during the Year
72,000
135,000 Depreciation During 2014 For Building
207,000 Ending of Year

unt of Building Sold/Bought


Building
2,000,000 Beg Year
Sold during the Year
1,700,000
- Bought during the year
1,700,000 Ending of Year

unt of Equipment Sold/Bought


Equipment
500,000 Beg Year
Sold during the Year
380,000
300,000 Bought during the year
680,000 Ending of Year

PT Ekonomi Sejahtera
Statement of Cash Flow (Indirect Method)
For The Year Ended 31 Dec 2014 (in $)
Cash Flow From Operating Activities
Cash Inflow
- Cash from Customer
Cash Outflow
- Cash For Supplier
- Cash for Operating Expense
- Cash for Interest
- Cash for Income Tax
Net cash flow from operating activities

3,125,000
1,110,000
170,000
245,000

thod)
n $)

4,875,000

(4,650,000)
225,000

Jan-01 Cash

660,000
Share Capital-Preferred
Share Premium-Preferred

Feb-01 Cash

1,000,000
Share Capital-Ordinary
Share Premium-Ordinary

Jun-01 No Entry
Number of Shares Outstanding
2,000,000

Beg Year
Feb-01

50,000
2,050,000
5

Share Split 2 for I


No of Shares Outstanding
Par Value

4,100,000
$
2.5

Jul-01 Treasury Shares

300,000
Cash

Sep-15 Cash

110,000
Treasury Shares
Share Premium Treasury

Dec-31 Retained Earning


Cash Dividend payable - Preferred
Cash Dividend payable - Ordinary

2,328,000

Number of Shares Preferred Outstanding


Number of Shares Outstanding
Beg Year
150,000
Jan-01

30,000
180,000

shares

Number of Shares Ordinary Outstanding


Number of Shares Issued
Jun-01
4,100,000

Remember:
Shares Outstanding = Shares Issued - Treasury Stock

Remember:
Shares Outstanding = Shares Issued - Treasury Stock
Number of Shares Ordinary Outstanding

Dec-31 Income Summary


Retained Earning

2,100,000

600,000
60,000

250,000
750,000

300,000

100,000
10,000

288,000
2,040,000

Number of Treasury Shares


Jul-01
30,000
Sep-15

(10,000)
20,000

k
4,080,000

2,100,000

AAA Company
Statement of Financial Position-Equity Section
31 Dec 2013
8% Share Capital Preference, 180.000 shares outstanding (par value $20)
Share Premium - Preference
Share Capital Ordinary, 4.100.000 shares issued, 4.080.000 shares outstanding (par value $2,5)
Share Premium - Ordinary
Share Premium - Treasury
Retained Earnings
Treasury Shares (20.000 shares)
Total Stockholder's Equity

3,600,000
260,000
10,250,000
27,750,000
10,000
4,272,000
(200,000)
45,942,000

check
3,600,000
10,250,000

EQUITY INVESTMENT
February

(Untuk Jurnal Interest dari Bonds dapat meliha


28

MAPI
ASII
UNVR
SIDO

Equity Investment (trading) - M

Equity Investment (trading) - AS

Equity Investment (trading) - UN

Equity Investment (trading) - SI


Brokerage fees

March

April

SR-006

28

Debt Investment (HTM) - SR-00

Cash
SIDO
Cash
ASII

May

Green

Equity Investment (AFS) - Green


Brokerage fees

June

15

MAPI
UNVR

Equity Investment (trading) - M

Equity Investment (trading) - UN


Brokerage fees

October

31

Cash
Green

November

13

December

December

20

ADMF
Beauty
Green

Debt Investment (HTM) - ADMF

Equity Investment (AFS) - Beau


Dividend Receivable
Adjusting Entries

December

31

SIDO
MAPI
ASII
UNVR

Unrealized Holding Gain/Loss - I

Unrealized Holding Gain/Loss - I

Securities Fair Value Adjustmen

Securities Fair Value Adjustmen


Interest Receivable

SR - 006
Interest Receivable
ADMF

Unrealized Holding Gain/Loss - I


Green

Securities Fair Value Adjustmen


Beauty

st dari Bonds dapat melihat angka-angkanya di tabel sheet berikutnya)

y Investment (trading) - MAPI


Cash
y Investment (trading) - ASII
Cash
y Investment (trading) - UNVR
Cash
y Investment (trading) - SIDO
Cash
erage fees
Cash
Investment (HTM) - SR-006
Cash

270000000
270000000
7106750000
7106750000
4330750000
4330750000
1722500000
1722500000
134300000
134300000
1019944878
1019944878

3625000
Equity Investment (trading) - SIDO
Gain on sale of investment

Equity Investment (trading) - ASII


Gain on sale of investment
y Investment (AFS) - Green
Cash
erage fees
Cash
y Investment (trading) - MAPI
Cash
y Investment (trading) - UNVR
Cash
erage fees
Cash

Equity Investment (AFS) - Green


Gain on sale of investment
Investment (HTM) - ADMF
Cash
y Investment (AFS) - Beauty
Cash
end Receivable
Dividend Revenue
Adjusting Entries

3250000
375000
394500000
393000000
1500000
75000000
75000000
1500000
1500000
163500000
163500000
255000000
255000000
4185000
4185000
60000000
45000000
15000000
2.6110E+011
099757920
105000000
105000000
5000000
5000000

alized Holding Gain/Loss - Income


Securities Fair Value Adjustment
alized Holding Gain/Loss - Income
Securities Fair Value Adjustment
rities Fair Value Adjustment
Unrealized Holding Gain/Loss - Income
rities Fair Value Adjustment
Unrealized Holding Gain/Loss - Income
est Receivable
Debt Investment
Interest Revenue
est Receivable
Debt Investment
Interest Revenue
alized Holding Gain/Loss - Income
Securities Fair Value Adjustment
rities Fair Value Adjustment
Unrealized Holding Gain/Loss - Equity

105800000
105800000
37650000
37650000
896875000
896875000
1228250000
1228250000
6076388.889
435296.51369
5641092.3752
3322900000
732210179.75
2590689820
2000000
2000000
45000000
45000000

Shares

Price
48000

5625

1085000

6550

170000

25475

2650000

650

5000

725

60000

6575

25000

3000

30000

5450

10000

25500

15000

4000

10000

500

PV Principal
PVOA Interest
PV Total

787254629.932
232690248.511
1019944878.44

PV Principal
PVOA Interest
PV Total

644645792884
225686733515
870332526399

2645000

40

78000

5075
Avg Price
5557.692308
1025000
7425
180000
32300
Avg Price
25476.38889

10000
Avg Price
1050

Principal
Effective Rate
Interest Rate
Period
Cash Received

1000000000
0.0066666667
0.0072916667
36
7291666.66666667

Principal
Effective Rate
Interest Rate
Period
Cash Received

808000000000
0.019
0.02625
12
21210000000

Periode
Day

Month
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5

Year
3
4
5
6
7
8
9
10
11
12
1
2
3
4
5
6
7
8
9
10
11
12
1
2
3
4
5
6
7
8
9
10
11
12
1
2
3

2014
2014
2014
2014
2014
2014
2014
2014
2014
2014
2015
2014
2014
2014
2014
2014
2014
2014
2014
2014
2014
2014
2015
2015
2015
2015
2015
2015
2015
2015
2015
2015
2015
2015
2016
2016
2016

Interest Received
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667
7291666.6666667

Interest Revenue
6799632.5229589
6796352.2953342
6793050.1995253
6789726.0897444
6786379.8192316
6783011.2402487
6779620.2040726
6776206.5609886
6772770.1602841
6769310.8502415
6765828.478132
6762322.8902085
6758793.9316987
6755241.446799
6751665.2786665
6748065.2694132
6744441.2600982
6740793.090721
6737120.6002147
6733423.6264384
6729702.0061702
6725955.5751002
6722184.1678231
6718387.6178308
6714565.7575052
6710718.4181108
6706845.4297871
6702946.6215413
6699021.8212404
6695070.8556043
6691093.5501972
6687089.7294207
6683059.2165057
6679001.8335047
6674917.4012836
6670805.7395144

Amortization
492034.14371
495314.37133
498616.46714
501940.57692
505286.84744
508655.42642
512046.46259
515460.10568
518896.50638
522355.81643
525838.18853
529343.77646
532872.73497
536425.21987
540001.388
543601.39725
547225.40657
550873.57595
554546.06645
558243.04023
561964.6605
565711.09157
569482.49884
573279.04884
577100.90916
580948.24856
584821.23688
588720.04513
592644.84543
596595.81106
600573.11647
604576.93725
608607.45016
612664.83316
616749.26538
620860.92715

Carrying Amount
1019944878.4438
1019452844.3001
1018957529.9288
1018458913.4617
1017956972.8847
1017451686.0373
1016943030.6109
1016430984.1483
1015915524.0426
1015396627.5362
1014874271.7198
1014348433.5313
1013819089.7548
1013286217.0199
1012749791.8
1012209790.412
1011666189.0147
1011118963.6082
1010568090.0322
1010013543.9658
1009455300.9255
1008893336.265
1008327625.1735
1007758142.6746
1007184863.6258
1006607762.7166
1006026814.4681
1005441993.2312
1004853273.1861
1004260628.3406
1003664032.5296
1003063459.4131
1002458882.4759
1001850275.0257
1001237610.1925
1000620860.9272
1000000000

Day
13
13
13
13
13
13
13
13
13
13
13
13
13

Periode
Month
Year
Interest Received
11
2014
2
2015
6363000000
5
2015
6363000000
8
2015
6363000000
11
2015
6363000000
3
2016
6363000000
5
2016
6363000000
8
2016
6363000000
11
2016
6363000000
2
2017
6363000000
5
2017
6363000000
8
2017
6363000000
11
2017
6363000000

Interest Revenue
4960895400.4769
4934255413.0859
4907109265.9346
4879447341.9873
4851259841.4851
4822536778.4733
4793267977.2643
4763443068.8323
4733051487.1401
4702082465.3958
4670525032.2383
4638368007.8508

Amortization
1402104600
1428744587
1455890734
1483552658
1511740159
1540463222
1569732023
1599556931
1629948513
1660917535
1692474968
1724631992

Carrying Amount
261099757919.835
259697653320.312
258268908733.398
256813017999.333
255329465341.32
253817725182.805
252277261961.278
250707529938.543
249107973007.375
247478024494.515
245817106959.911
244124631992.149
242400000000