Profit & Loss PT. Krakatau Steel Tbk.

PT. Krakatau Steel Tbk.
Consolidated Statement of Income
June 30, 2009 ( not Audit ) - June 30, 2010
( in millions of Rupiah )

                                                                                                              June 2010                                     June 2009
                                                                                                                                                                      ( not Audit )

NET INCOME :                                                                              9.000.210                                      7.827.913
COST OF GOOD SOLD :                                                               7.105.629                                     8.409.586
                                                                                              ______________                    _____________

GROSS PROFIT ( LOSS ) :                                                          1.894.581                                         (581.673)
                                                                                              ______________                     _____________

OPERATING EXPENSES :
Sales                                                                                                         148.703                                          132.225
General & Administration                                                              530.034                                         428.834
                                                                                              ______________                    _____________

Total operating expenses                                                               678.737                                          561.059
                                                                                              ______________                    _____________

OPERATING INCOME ( LOSS ) :                                            1.215.844                                    (1.142.732)
                                                                                               ______________                    _____________

OTHER INCOME ( EXPENSES ) :
Gain (Loss) on foreign exchange, net                                         118.855                                         (119.000)
Interest expense                                                                                (112.191)                                        (328.351)
Sales from waste production                                                            26.460                                            16.800
Interest income                                                                                      22.816                                              21.747
Others, net                                                                                                 71.369                                          127.063
                                                                                               ______________                     _____________

Other income (expenses), net                                                        127.309                                         (281.741)
                                                                                               ______________                     _____________

PROFIT ( LOSS ) BEFORE TAX :                                             1.343.153                                    (1.424.473)
                                                                                              ______________                      _____________

TAX EXPENSE ( BENEFIT ) :
Current tax                                                                                              80.897                                             47.242
Deferred tax / ditangguhkan                                                         265.393                                         (370.925)
                                                                                              ______________                       _____________
TAX EXPENSE (BENEFIT), NET :                                           346.290                                         (323.683)
                                                                                              ______________                        _____________
PROFIT (LOSS) BEFORE                                                              996.863                                       (1.100.790)
MINORITY INTERESTS
MINORITY INTERESTS IN                                                                890                                                    (289)
NET LOSS ( PROFIT ) OF
SUBSIDIARIES
                                                                                              ______________                       _____________
NET INCOME ( LOSS ) :                                                       997.753                                     (1.101.079)
                                                                                              ==============                        =============
BASIC EARNINGS (LOSS) PER                                                          100                                                     (110)
SHARE (expressed in Rupiah
full amount per share) :                                              ==============                        =============