Trade Payable and Accrual Analytics for GRA Purposes

Audit as of March 31, 2021

# NAME 30-Nov-20 31-Mar-21

341000 INDONESIA CREDITORS CONTROL -MATERIALS (26,647,513,482) (25,965,269,581.00)
341020 INDONESIA CREDITORS CONTROL - IMPORTS (193,840,530,868) (222,584,124,863.00)
341060 INDONESIA CREDITORS CONTROL - SERVICES 2,265,809,444 (322,967,181.00)
341100 EXCHANGE FLUCTUATION-SUPPLIERS (6,831,786,938) (3,469,200,188.00)
341100 A EXCHANGE FLUCTUATION-SUPPLIERS lokal - -
341100 B EXCHANGE FLUCTUATION-SUPPLIERS import - -
341100 C EXCHANGE FLUCTUATION-SUPPLIERS service - -
359400 GR/IR - RAW MATERIALS / COMPONENTS (5,741,475,963) (13,569,167,597.00)
359402 GR/IR - INDIRECT MATERIALS (3,007,951,540) (386,651,450.00)
359406 GR/IR CLEARING - Indirect materials (244,693,200) (1,065,257,560.00)
359411 GR/IR CLEARING- OTHER SERVICES - -
359602 CUSTOMS CLEARING - -
359650 FREE SERVICE CHARGES PAYABLE - -
6100 TRADE PAYABLE - THIRD PARTIES (234,048,142,547) (267,362,638,420)
341060.A A/P TO TVM COMPANY - -
341210 Trade Account Payable - Related Party - -
6120 TRADE PAYABLE - RELATED PARTIES - -
TOTAL TRADE PAYABLES (234,048,142,547) (267,362,638,420)
340300 COMPANY LTD 13,737,394,257 8,738,064,647.00
341220 OTHER ACCOUNTS PAYABLE - RELATED PARTY - -
342000.A A/P OTHER TO TVM COMPANY - -
6150 OTHER PAYABLE - RELATED PARTIES 13,737,394,257 8,738,064,647
342000 OTHER TRADE PAYABLE - -
6180 OTHER PAYABLE - THIRD PARTIES - -
TOTAL OTHER PAYABLES 13,737,394,257 8,738,064,647
359100 ACCRUED EXPS EMPLOYEE (21,410,620,597) (22,501,840,001.00)
359200 PROVISION FOR EXPENSES-OTHERS (29,895,115,696) (46,688,068,732.00)
359200.A ACCRUED AUDIT FEE - -
360000 ACCRUED EXPS- SALARY (666,756,933) -
362100 JAMSOSTEK CONTRIBUTION PAYABLE (334,092,604) (256,193,690.00)
362200 BPJS HEALTH PAYABLE (196,864,483) (132,877,462.00)
362300 BPJS PENSION PAYABLE (76,729,136) (74,067,462.00)
6200 ACCRUED PAYABLE (52,580,179,449) (69,653,047,347)
GRAND TOTAL (272,890,927,739) (328,277,621,120)

1. TRADE PAYABLES
We peform analytics for Trade Payable Third and Related Party in one section due to Company’s record the transaction in single account before a
Based on the figure above, company experienced increase in trade payable third parties which due to the increase in purchase of raw material an
production of two wheeler and third wheeler in the current year. Meanwhile trade payable related parties has decrease or there are no moveme
0.

The increase of third parties inline with the decrease of sales as follow:
# Name 30-Nov-20 31-Mar-21
5400 Inventory 260,512,991,304.00 338,072,699,222.00
8100 Sales 618,656,189,962.50 767,774,548,041.00
The % of increase of Inventory -13.0%
 The % of increase of Trade Payable (third parties) 469.5%
% Variance -482.4%

The significant increase in Trade payable third parties occurred due to increase in AP Imports which caused by increase in purchase of raw mater
Based on inquiry with the management, Company expect to have increase in payable each year, due to the Company keeps expanding it's produ
transaction of payable each year to purchase the raw material and other parts for producing Two Wheeler andThree Wheeler.

Ratio Analysis
Purchases 285,952,641,415.00 584,438,083,757.00
Average payable (300,910,471,536.46) (317,567,719,472.96)
Accounts payable turnover 0.95 1.84
Accounts payable turnover in Days 384.09 198.33

Payable (234,048,142,547.00) (267,362,638,420.00)

COGS 493,058,872,408.50 620,713,868,604.00
Number of Days 365 365
Days outstanding in accounts payable (173.26) (157.22)

CURRENT ASSETS 729,521,574,679.00 793,425,311,756.00

Payable (234,048,142,547.00) (267,362,638,420.00)
Account payable to Current Asset Ration 0.32 0.34

The decrease of AP turnover ratio and days outstanding in Accounts Payable is expected. This due to Company's financial position which still in N
flow position as of March 31, 2021 has decreased.

Top 3 Vendor Composition

30-Nov-20 31-Mar-21
SETIA GUNA SEJATI (3,780,074,419) (2,829,286,652)
CHONGQING JIELI WHEEL (3,015,324,913) (4,444,460)
GS BATTERY PT (1,892,286,000) (2,423,638,800)

The Top 3 vendor still remain the same for those Third Party whereas company purchase Otomotive Components from.

Related Party
30-Nov-20 31-Mar-21
TVM COMPANY LIMITED (114,555,580,517) (142,929,216,227.00)
TVM Company Ltd - 3 Wheler (68,247,527,054) (74,588,438,337.00)

2 OTHER PAYABLE

28-Feb-21 31-Mar-21
341000 Other Payable (4,123,519,091) 8,738,064,647.00

Other Payable Expected to have a decrease which based on the understanding cof Company's FRP, Management will record all payable vendor in
Payable. Therefore, every year audit will make assesment on the nature and the proper classification for those payable.
 31-Mar-20 DIFFERENCE % 31-Mar-19
(24,779,889,497) (1,185,380,084) 5% (30,905,558,255)
(3,649,067,073) (218,935,057,790) 6000% (4,829,018,085)
(97,382,080) (225,585,101) 232% (778,271,105)
(294,158,065) (3,175,042,123) 1079% 23,440,618
- - 0% -
- - 0% -
- - 0% -
(11,165,217,579) (2,403,950,018) 22% (495,996,187)
(921,095,600) 534,444,150 -58% (86,058,500)
(191,496,360) (873,761,200) 456% (66,518,345)
- - 0% -
- - 0% -
- - 0% -
(41,098,306,254) (192,949,836,293) 469% (37,137,979,859)
- - 0% -
(326,674,494,272) 326,674,494,272 -100% (167,742,101,496)
(326,674,494,272) 326,674,494,272 -100% (167,742,101,496)
(367,772,800,526) 133,724,657,979 -36% (204,880,081,355)
- 8,738,064,647 0% -
(556,870,808) 556,870,808 -100% (8,180,247,012)
- - 0% -
(556,870,808) 14,294,265,065 -2567% (8,180,247,012)
(7,761,157,968) 7,761,157,968 -100% (7,473,925,556)
(7,761,157,968) 7,761,157,968 -100% (7,473,925,556)
(8,318,028,776) 22,055,423,033 -265% (15,654,172,568)
(9,122,326) (22,492,717,675) 246568% 1,457,100
(27,932,273,791) (18,755,794,941) 67% (31,006,823,570)
- - 0% -
(4,059,205) 4,059,205 -100% (2,563,920)
(62,427,448) (193,766,242) 310% (430,054,261)
(115,673,526) (17,203,936) 15% (100,833,879)
(224,140,673) 150,073,211 -67% (120,403,836)
(28,347,696,969) (24,232,482,480) 85% (31,659,222,366)
(404,438,526,271) 131,547,598,532 -33% (252,193,476,289)

action in single account before audit reclassification.

e in purchase of raw material and spareparts during the current year to support
ecrease or there are no movement until March 31, 2021, the amount balance is

31-Mar-20 Difference % Difference %

212,210,692,695.91 48,302,298,608.09 23% 125,862,006,526.09 59%
710,809,864,682.00 (92,153,674,719.50) -13% 56,964,683,359.00 8%
crease in purchase of raw material and spareparts until March 31, 2021.
pany keeps expanding it's production and will have increasing
ree Wheeler.

588,778,526,908.00 >> obtained from Mr. Harmen

(286,326,440,940.46)
2.06
177.50

(8,318,028,776.00)
652,892,195,911.00
365
4.65

766,755,040,647.91
(367,772,800,525.91)
0.48

financial position which still in Net current Liabilities, Net Loss and Negative cash

31-Mar-20

31-Mar-20
-

31-Mar-20
(8,318,028,776.00)

will record all payable vendor in the 341xxx account which grouped as Trade
ayable.