JAKARTA - The total liabilities of PT Rimo International Lestari Tbk (RIMO) increased by 28.88% to Rp 1 trillion in the third quarter of 2018 from Rp 779.82 billion in December 2017. The increasing total liabilities was due to the usage of long-term liabilities, which was used for operating expenses and business expansion.
Ade Tutut, Corporate Secretary of PT Rimo International Lestari Tbk (RIMO) explained that the increase of its total liabilities in the third quarter of 2018 was mainly due to the usage of its long-term liabilities for operating expense and land purchase. "PT Matahari Pontianak Indah Mall added its investment in hotel and mall," cited from the press release.
According to the financial report in the third quarter of 2018, the other long-term liabilities consisted of third related of Rp 46.31 billion, higher than its previous level of Rp 13.86 billion and related party of Rp 716.38 billion, rose by 274.86 billion from Rp 191 billion in December 2017.
The current ratio of 528.51%, which its current asset recorded Rp 1.24 trillion and its current liability of Rp 235.75 billion. In December 2017, the current ratio at 244.56%, which its current asset of Rp 1.39 trillion and the current liability of Rp 570.12 billion. (LK/AR)