IDN Financials
 

PT INDOCEMENT TUNGGAL PRAKARSA Tbk.

AND ITS SUBSIDIARIES

Wisma Indocement, Lantai 8, Jl. Jenderal Sudirman Kav.70-71, Jakarta 12910, Indonesia

Telepon (+62 21) 2512121, 2522121 Faksimile: (+62 21) 251006

 

Email: Corpsec@indocement.co.id

 

Homepage: http://www.indocement.co.id

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CONSOLIDATED STATEMENT OF PROFIT OR LOSS
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CONSOLIDATED STATEMENT OF FINANCIAL POSITIONAND OTHER COMPREHENSIVE INCOMECONSOLIDATED STATEMENT OF CASH FLOWS
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As of December 31, 2018 and 2017For The Year Ended December 31,2018 and 2017For The Years Ended December 31, 2018 and 2017
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(Expressed in millions of rupiah, except share data(Expressed in millions of rupiah, unless otherwise stated)(Expressed in millions of rupiah)
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Year Ended December 31,Year Ended December 31,
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ASSETSDecember 31, 2018December 31, 2017LIABILITIES AND EQUITYDecember 31, 2018December 31, 20172018201720182017
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CURRENT ASSETSCURRENT LIABILITIESNET REVENUES15,190,28314,431,211CASH FLOWS FROM OPERATING
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Cash and cash equivalents 7,225,8768,294,891Trade payables - third parties1,759,9561,548,844COST OF REVENUES(10,821,254)(9,423,490)  ACTIVITIES
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Trade receivablesOther payablesGROSS PROFIT4,369,0295,007,721Collections from customers16,235,30915,897,438
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   Related party4,22117,719   Related parties110,29477,418Operating expanses(3,322,550)(3,080,203)Payments to suppliers and contractors,and
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   Third parties - net2,961,5562,467,081   Third parties707,715580,524Other operating income66,64468,339   for salaries and other employee benefits(12,726,342)(11,696,850)
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Other receivables - related parties26,85718,980Customers deposits75,97169,510Other operating expanses(39,012)(121,012)Receipts of interest income334,944417,221
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Other current financial assets57,89351,381Accrued expenses928,999869,653OPERATING INCOME1,074,1111,874,845Payments of corporate income taxes(167,132)(274,627)
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Inventories - net1,837,7691,768,603Taxes payable49,511103,668Finance income415,060519,535Payments of other taxes(1,730,094)(1,622,952)
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Advances and deposits142,385208,984Short-term employee benefits liability182,454141,454Final tax on interest income(82,992)(103,838)Refunds from tax restitution166121
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Prepaid taxes4,4271,595Current maturities of obligationsFinance cost(18,661)(14,093)Net receipts from other operating activities37,68161,454
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Prepaid expanses54,81253,840   under finance lease110,74987,953Equity in net earnings of associated companies - net13,30411,540
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INCOME BEFORE FINAL TAX AND
Net cash flows provided by operating activities
1,984,5322,781,805
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TOTAL CURRENT ASSETS12,315,79612,883,074TOTAL CURRENT LIABILITIES3,925,6493,479,024INCOME TAX EXPENSE1,400,8222,287,989
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Final tax(594)(715)CASH FLOWS FROM INVESTING ACTIVITIES
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NON-CURRENT LIABILITIESINCOME BEFORE INCOMEProceeds from disposal of fixed assets11,1171,989
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Obligations under fiinance lease net of current maturities
5,38320,036   TAX EXPENSE1,400,8222,287,274Cash dividends received7,72713,632
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Long-term employee benefit liability569,026732,489INCOME TAX EXPENSE - NET(254,291)(427,456)Acquisitions of fixed assets(514,180)(769,019)
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Long-term provisions66,91575,620NET NCOME FOR THE YEAR1,145,9371,859,818Acquisitions of intangible assets(9,756)(6,790)
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TOTAL NON-CURRENT LIABILITIES641,324828,145Investment in shares of stock-(500)
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TOTAL LIABILITIES4,566,9734,307,169OTHER COMPREHENSIVE
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   INCOME (LOSS)Net cash flows used in investing activities(505,092)(760,688)
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EQUITYItems that will not be reclassifiedCASH FLOWS FROM FINANCING ACTIVITIES
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N0N CURRENT ASSETSto profit or loss in subsequent periodsPayments of cash dividends(2,576,024)(3,418,759)
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Deferred tax assets - net109,088239,201Equity Attributable to Owners of theNet movement on cash flow hedge(551)2,833Payments of obligations under finance lease(1,431)(3,822)
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Investments in shares of stock and   Parent EntityRemeasurement loss o post employment benefitsPayments of interest expense and other
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   advances to an unconsolidatedCapital stock - Rp 500 (in full amount)   liability126,717(31,968)   financial charges(1,158)(1,968)
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   subsidiary - net98,37793,700   par value per shareRelated income tax(30,159)6,985
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Fixed assets - net14,637,18514,979,453   Authorized - 8,000,000,000 sharesOTHER COMPREHENSIVENet cash flows used in financing activities(2,578,613)(3,424,549)
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Investment properties - net15,90716,404   Issued and fully paid 3,681,231,699 shares1,840,6161,840,616   INCOME (LOSS) FOR THE YEAR,
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Intangible assets - net105,555107,357Additional paid-in capital2,698,8632,698,863   NET OF TAX96,007(22,150)NET DECREASE IN CASH AND
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Other non-current financial assets88,05588,240Other comprehensive loss(210,378)(306,385)   CASH EQUIVALENTS(1,099,173)(1,403,432)
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Other non-current assets418.599456,247Retained earningsTOTAL COMPREHENSIVE
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   Appropriated400,000400,000   INCOME FOR THE YEAR1,241,9441,837.668
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   Unappropriated18,492,48819,923,413NET EFFECT OF EXCHAGE RATES
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Net income for the year attributable to :   CHANGES ON CASH AND CASH
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   Owners of the Parent Entity1,145,9371,859,818   EQUIVALENTS30,15824,293
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   Non-controlling interests--
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Total1,145,9371,859,818
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Total comprehensive income for the
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   year attributable to :
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   Owners of the Parent Entity1,241,9441,837,668
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   Non-controlling interests--
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TOTAL NON-CURRENT ASSETS15,472,76615,980,602TOTAL EQUITY23,221,58924,556,507Total1,241,9441,837,668CASH AND CASH EQUIVALENTS
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   AT BEGINNING OF YEAR8,294,8919,674,030
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BASIC EARNINGS PER SHARECASH AND CASH EQUIVALENTS
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TOTAL ASSETS27,788,56228,863,676TOTAL LIABILITIES AND EQUITY27,788,56228,863,676(in full amount)311.29505.22   AT END OF YEAR7,225,8768,294,891
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Notes :
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1.The above financial information is extracted from the consolidated financial statement of PT Indocement Tunggal Prakarsa Tbk (the company) and its subsidiaries as of December 31, 2018 and for the year the ended,prepared by the Company management in accordance with Indonesia Financial Accounting Standards, which have been audited by Purwantoro,Sungkoro,&Surja (''PSS'') a member firm of Ernst & Young Jakarta, March 21, 2019
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Global Limited, independent auditors, in accordance with Standards on Auditing established by the Indonesian Institute of Certified Public Accountants, with an unqualified audit opinion, as stated in their report dated March 19,2019 not included in this publication. The above financial information does not contain the consolidated statement of changes in equity and notes to the consolidated financial statement.Board of Directors
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2.Basic earnings per share in computed by dividing net income for the year attributable to owners of the Parent Entity by the weighted average number of shares outstanding during the year, which is 3,681,231,699 shares each in 2018 and 2017.
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PT Indocement Tunggal Prakarsa
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