Table I

Signal Cable
INCOME STATEMENT
2004%

2004

2003%

2003

100.0%
75.0%
3.9%
2.0%
19.2%

2,050,000
1,537,500
79,000
40,000
393,500

100.0%
80.0%
3.0%
2.0%
15.0%

1,678,894
1,343,115
51,000
32,945
251,834

Interest Paid

7.6%

155,000

2.6%

44,000

Taxable Income
Taxes (40%)

11.6%
4.7%

238,500
95,400

12.4%
5.0%

207,834
83,134

6.98%

143,100

7.43%

124,700

30.0%
70.0%

42,930
100,170

30.0%
70.0%

37,410
87,290

Net Sales
Cost of Goods sold
Depreciation
Selling & Administrative Expenses
Earnings Before Interest and Taxes

Net Income
Dividends
Addition to Retained Earnings

Table II
BALANCE SHEET

2004

2003

ASSETS

5,000

40,000

540,000

200,000

Inventories

1,300,450

650,000

Total Current Assets

1,845,450

890,000

950,450

535,000

1,300,000

510,000

Cash
Accounts Receivable

NWC
Gross Fixed Assets
Accumulated Depreciation

232,000

153,000

Net Fixed Assets

1,068,000

357,000

Total Assets

2,913,450

1,247,000

Accounts Payable

145,000

55,000

Notes Payable

750,000

300,000

Total Current Liabilities

895,000

355,000

1,226,280

200,000

(200,000 shares outstanding)

600,000

600,000

Retained Earnings

192,170

92,000

LIABILITIES & EQUITY

Long-term Debt
Common-stock and Paid in Surplus

Total

Interest Coverage Ratio

Net Profit Margin
Cash Ratio
Current Ratio
Quick Ratio
NWC to TA
Interval Ratio
Absolute Liquidity = NWC
Book Value per share

2,913,450

1,247,000

2.538709677
6.98%

5.723495455
7.43%

0.0056

0.113

1.01

1.50

0.61

0.68

0.33

0.43

426.99793978

236.07255498

950,450

535,000

3.96085

3.46

Change
371,106
194,385
28,000
7,055
141,666
111,000
30,666
12,266
18,400
5,520
12,880

Change

35,000
(340,000)
(650,450)
(955,450)
(415,450)
(790,000)
(79,000)
(711,000)
(1,666,450)

90,000
450,000
540,000
1,026,280
100,170

1,666,450

Signal Cable Company

2004 Statement of Cash Flows
Cash at beginning of year 2004

Operating activity
Net income
Plus:
Depreciation
Increase in accounts payable

40,000

143,100
79,000
90,000

Less:
Increase in accounts receivable
Increase in inventory
Net cash from operating activity

(340,000)
(650,450)
(678,350)

Investment activity
Fixed asset acquisitions
Net cash from investment activity

(790,000)
(790,000)

Financing activity
Increase in notes payable
Increase in long-term debt
Dividends paid
Increase in common stock
Net cash from financing activity

450,000
1,026,280
(42,930)
1,433,350

Net decrease in Cash

Cash, end of year 2004

(35,000)
$

5,000

Tabel 1
PT Kabel Farma
INCOME STATEMENT
2004

2003

Change

Net Sales
Cost of Goods sold
Depreciation
Selling & Administrative Expenses
Earnings Before Interest and Taxes

2,050,000
1,537,500
79,000
40,000
393,500

1,678,894
1,343,115
51,000
32,945
251,834

371,106
194,385
28,000
7,055
141,666

Interest Paid
Taxable Income
Taxes (40%)
Net Income
Dividends
Addition to Retained Earnings

155,000
238,500
95,400
143,100
42,930
100,170

44,000
207,834
83,134
124,700
37,410
87,290

111,000
30,666
12,266
18,400
5,520
12,880

Tabel 2
PT Kabel Farma
Change

BALANCE SHEET
2004

2003

5,000
540,000

40,000
200,000

(340,000)

Inventories

1,300,450

650,000

(650,450)

Total Current Assets

1,845,450

890,000

(955,450)

950,450

535,000

(415,450)

1,300,000

510,000

(790,000)

232,000

153,000

(79,000)

Net Fixed Assets

1,068,000

357,000

(711,000)

Total Assets

2,913,450

1,247,000

(1,666,450)

Accounts Payable

145,000

55,000

Notes Payable

750,000

300,000

Total Current Liabilities

895,000

355,000

1,226,280

200,000

(200,000 shares outstanding)

600,000

###

Retained Earnings

192,170

92,000

2,913,450

1,247,000

2.53870968
6.98%

5.7234955
7.43%

ASSETS
Cash
Accounts Receivable

NWC
Gross Fixed Assets
Accumulated Depreciation

35,000

LIABILITIES & EQUITY

Long-term Debt

90,000
450,000
540,000
1,026,280

Common-stock and Paid in Surplus

Total

Interest Coverage Ratio

Net Profit Margin

100,170
1,666,450

Cash Ratio
Current Ratio
Quick Ratio
NWC to TA
Interval Ratio
Absolute Liquidity = NWC
Book Value per share

0.0056

0.113

1.01

1.50

0.61

0.68

0.33

0.43

426.99793978

236.072555

950,450

535,000

3.96085

3.46