PT ASIAPLAST INDUSTRIES Tbk PT ASIAPLAST INDUSTRIES TbkNERACA BALANCE SHEET31 Desember 2008 dan 2007 December 31,2008 and 2007(Dinyatakan dalam Rupiah) (Expressed in Rupiah Currency)

Catatan/2008 Notes 2007

AKTIVA ASSETS

AKTIVA LANCAR CURRENT ASSETS

Kas dan setara kas 25,679,080,367 2b, 3 6,719,432,178 Cash and cash equivalentPiutang usaha Trade receivables - Third parties pihak ketiga 33,182,247,538 2c, 4 44,914,233,599 Third partiesPersediaan 20,969,882,280 2e, 5 46,093,518,211 InventoriesBiaya dibayar di muka 109,711,119 6 31,564,234 Prepaid expenses Uang muka pembelian 126,293,114 7 67,821,440 Advances paymentsPajak dibayar dimuka 215,688,630 2l, 8 103,525,094 Prepaid tax

Jumlah Aktiva Lancar 80,282,903,048 97,930,094,756 Total Current Assets

AKTIVA TIDAK LANCAR NON-CURRENT ASSETS

Aktiva tetap - setelah dikurangi Fixed asset - net of akumulasi penyusutan sejumlah accumulated depreciaton of Rp 128.509.844.557 pada tahun 2008 Rp128,509,844,557 in 2008 dan Rp 116.394.864.331 pada tahun 2007 194,493,973,397 2f, 9 195,698,571,215 and Rp116,394,864,331 in 2007Aktiva pajak tangguhan - bersih - 2l, 21 227,947,039 Deferred tax assets - netPiutang hubungan istimewa 50,104,800 2d 73,853,800 Receivables to related partiesAktiva lain-lain 1,255,693,021 2g, 10 1,303,450,217 Other assets

Jumlah Aktiva Tidak Lancar 195,799,771,218 197,303,822,271 Total Non-Current Assets

JUMLAH AKTIVA 276,082,674,266 295,233,917,027 TOTAL ASSETS

PT ASIAPLAST INDUSTRIES Tbk PT ASIAPLAST INDUSTRIES TbkNERACA BALANCE SHEET31 Desember 2008 dan 2007 December 31,2008 and 2007(Dinyatakan dalam Rupiah) (Expressed in Rupiah Currency)

Catatan/2008 Notes 2007

KEWAJIBAN DAN EKUITAS LIABILITIES AND SHAREHOLDER'S Equity

KEWAJIBAN LANCAR CURRENT LIABILITIES

Hutang bank 35,931,621,199 14 35,566,619,312 Bank loanHutang usaha dengan pihak ketiga 14,144,774,139 11 33,866,383,284 Trade payables - Third partiesHutang pajak 1,682,699,397 2l, 12, 21 1,012,815,853 Taxes payableBiaya yang masih harus dibayar 807,796,140 13 1,427,630,330 Accrued ExpensesHutang lain-lain 92,862,700 59,672,896 Other payablesBagian kewajiban jangka panjang Current maturities of long-term debts yang jatuh tempo dalam waktu satu tahun Hutang bank 66,290,866,917 14 42,538,067,910 Bank loan Hutang Leasing Jk. Pendek 135,624,000 14 - Financing obligation

Jumlah Kewajiban Lancar 119,086,244,492 114,471,189,585 Total Current Liabilities

KEWAJIBAN TIDAK LANCAR NON-CURRENT LIABILITIES

Kewajiban pajak tangguhan 2,657,412,035 - Kewajiban manfaat karyawan 1,288,574,065 2h 1,359,278,527 Benefit planKewajiban jangka panjang - Long-term debts - net of current setelah dikurangi bagian yang maturities jatuh tempo dalam waktu satu tahun Hutang bank 27,534,170,902 14 49,099,629,962 Bank loan Hutang pembiayaan 33,906,000 14 - Others

Jumlah Kewajiban Tidak Lancar 31,514,063,002 50,458,908,489 Total Non-Current Liabilities150,600,307,494

EKUITAS SHAREHOLDER'S EQUITY

Modal saham - nilai nominal Capital stock - Rp 100 Rp 100 per saham par value Modal dasar - 4.000.000.000 saham Authorized - 4,000,000,000 shares Modal ditempatkan dan disetor Issued and penuh- 1.300.000.000 saham 130,000,000,000 15 130,000,000,000 fully paid - 1.300.000.000 sharesTambahan modal disetor bersih 4,367,923,968 2i, 16 4,367,923,968 Additional paid-in capital - netSaldo laba ditahan (4,064,105,015) 520,546,703 Retained earningsRugi tahun berjalan (4,821,452,181) (4,584,651,718) Net income (loss)

Jumlah Ekuitas 125,482,366,772 130,303,818,953 Total Stockholder's Equity

JUMLAH KEWAJIBAN DAN EKUITAS 276,082,674,266 295,233,917,027 ABILITIES AND SHAREHOLDER'S EQUITY

PT ASIAPLAST INDUSTRIES Tbk PT ASIAPLAST INDUSTRIES TbkLAPORAN LABA RUGI STATEMENT OF INCOMEUntuk tahun-tahun yang berakhir pada 31 Desember 2008 dan 2007 For the years ended December 31, 2008 and 2007(Dinyatakan dalam Rupiah) (Expressed in Rupiah Currency)

Catatan/2008 Notes 2007

PENJUALAN BERSIH 300,785,748,347 2j, 17 192,973,630,902 NET SALES

BEBAN POKOK PENJUALAN (267,004,443,566) 2j, 18 (173,649,572,165) COST OF GOODS SOLD

LABA KOTOR 33,781,304,781 19,324,058,737 GROSS PROFIT

BEBAN USAHA 2j, 19 OPERATING EXPENSESPenjualan 4,711,814,271 3,344,574,827 SellingUmum dan administrasi 5,869,165,987 5,394,894,805 General and administrative

Jumlah beban usaha 10,580,980,258 8,739,469,632 Total Operating Expenses

LABA USAHA 23,200,324,523 10,584,589,105 INCOME FROM OPERATIONS

PENGHASILAN (BEBAN) LAIN-LAIN OTHER INCOME (CHARGES)Penghasilan bunga 506,668,557 2j 192,340,954 Interest incomeBeban keuangan (5,985,648,789) 2j, 22 (6,582,925,539) Financing costsLaba (rugi) kurs - bersih (19,031,179,822) 2j (10,814,969,315) Profit (loss) on foreign exchange - netLain-lain - bersih (626,257,576) 2j 48,470,405 Others - net

Beban Lain-lain - Bersih (25,136,417,630) (17,157,083,495) Other Charges -Net

LABA (RUGI) SEBELUM PAJAK (1,936,093,107) (6,572,494,390) PROFIT (LOSS) BEFORE TAX

PENGHASILAN (BEBAN) PAJAK TAX BENEFIT (EXPENSE) Pajak kini - - Current tax Pajak Tangguhan (2,885,359,074) 21 1,987,842,672 Deferred

Jumlah Penghasilan (beban) pajak (2,885,359,074) 1,987,842,672 Total tax benefit (expense)

LABA (RUGI) BERSIH (4,821,452,181) (4,584,651,718) NET INCOME (LOSS)

Laba bersih per saham 2n, 22 Net income (loss) per shareLaba/ (rugi) usaha 17.85 8.14 Operating income/ (loss) Laba/ (rugi) bersih (3.71) (3.53) Net income/ (loss)

PT ASIAPLAST INDUSTRIES Tbk PT ASIAPLAST INDUSTRIES TbkLAPORAN PERUBAHAN EKUITAS STATEMENTS OF CHANGES STOCKHOLDERS EQUITYUntuk tahun-tahun yang berakhir pada 31 Desember 2008 dan 2007 For the years ended December 31, 2008 and 2007(Dinyatakan dalam Rupiah) (Expressed in Rupiah Currency)

Modal Saham ditempatkan Tambahandan Disetor penuh/ Modal disetor bersih/

Capital stock issued Additional paid in Saldo Laba/and fully Paid Capital - net Retained Earnings Jumlah/Total

Saldo 31 Desember 2006 130,000,000,000 4,367,923,968 520,546,703 134,888,470,671 Balance, December 31, 2006

Rugi bersih tahun 2007 - - (4,584,651,718) (4,584,651,718) Net loss 2007

Saldo 31 Desember 2007 130,000,000,000 4,367,923,968 (4,064,105,015) 130,303,818,953 Balance, December 31, 2007

Rugi bersih tahun 2008 - - (4,821,452,181) (4,821,452,181) Net loss 2008

Saldo 31 Desember 2008 130,000,000,000 4,367,923,968 (8,885,557,196) 125,482,366,772 Balance, December 31, 2008

PT ASIAPLAST INDUSTRIES Tbk PT ASIAPLAST INDUSTRIES TbkLAPORAN ARUS KAS STATEMENTS OF CASH FLOWSUntuk tahun-tahun yang berakhir pada 31 Desember 2008 dan 2007 For the years ended December 31, 2008 and 2007(Dinyatakan dalam Rupiah) (Expressed in Rupiah Currency)

2008 2007ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIESPenerimaan kas dari pelanggan 312,541,483,408 167,481,662,489 Cash receipts from customersPembayaran kas kepada pemasok dan karyawan (261,739,035,339) (161,683,606,777) Cash paid to suppliers and employeeKas yang dihasilkan dari operasi 50,802,448,069 5,798,055,712 Cash from operatingPenerimaan dari (pembayaran untuk): Receipts from (payments for):Pembayaran bunga 506,668,557 192,340,954 Interest incomePembayaran pajak 557,720,008 (841,206,842) Income taxes paidPembayaran beban keuangan (2,871,966,185) (6,582,925,539) Financing costsPenerimaan/(pengeluaran) kas dari kegiatan operasi lainnya (7,455,083,895) (6,427,552,623) Other operating activitiesArus Kas Bersih yang Diperoleh dari Net Cash Flows Provided by Aktivitas Operasi 41,539,786,554 (7,861,288,338) Operating Activities

ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIESPerolehan aktiva tetap (10,910,382,408) (2,068,849,005) Increase to fixed assetsArus Kas Bersih yang Digunakan untuk Aktivitas Investasi (10,910,382,408) (2,068,849,005) Net Cash flows Used for Investing Activities

ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIESPenerimaan dari (pembayaran untuk): Receipt from (payments for):

Hutang bank 2,552,341,834 12,400,232,533 Bank loanHutang sewa guna usaha 169,530,000 (375,324,548) Obligations under capital lease

Aktiva lain-lain 47,757,196 (159,185,968) Other assets Time Deposit (14,439,384,987) (1,028,390,591) Time depositArus Kas Bersih yang Diperoleh untuk Net Cash Flows used for Financing Activities Aktivitas Pendanaan (11,669,755,957) 10,837,331,426

(PENURUNAN) KENAIKAN BERSIH 18,959,648,189 907,194,083 NET (DECREASE) INCREASE IN KAS DAN BANK CASH ON HAND AND IN BANKS

KAS DAN BANK AWAL TAHUN 6,719,432,178 5,812,238,095 CASH ON HAND AND IN BANKS AT BEGINNING OF YEAR

KAS DAN BANK AKHIR TAHUN 25,679,080,367 6,719,432,178 CASH ON HAND AND IN BANKS AT END OF YEAR