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10 | CONSOLIDATED STATEMENT OF PROFIT OR LOSS | ||||||||||||||||
11 | CONSOLIDATED STATEMENT OF FINANCIAL POSITION | AND OTHER COMPREHENSIVE INCOME | CONSOLIDATED STATEMENT OF CASH FLOWS | ||||||||||||||
12 | As of December 31, 2018 and 2017 | For The Year Ended December 31,2018 and 2017 | For The Years Ended December 31, 2018 and 2017 | ||||||||||||||
13 | (Expressed in millions of rupiah, except share data | (Expressed in millions of rupiah, unless otherwise stated) | (Expressed in millions of rupiah) | ||||||||||||||
14 | Year Ended December 31, | Year Ended December 31, | |||||||||||||||
15 | ASSETS | December 31, 2018 | December 31, 2017 | LIABILITIES AND EQUITY | December 31, 2018 | December 31, 2017 | 2018 | 2017 | 2018 | 2017 | |||||||
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17 | CURRENT ASSETS | CURRENT LIABILITIES | NET REVENUES | 15,190,283 | 14,431,211 | CASH FLOWS FROM OPERATING | |||||||||||
18 | Cash and cash equivalents | 7,225,876 | 8,294,891 | Trade payables - third parties | 1,759,956 | 1,548,844 | COST OF REVENUES | (10,821,254) | (9,423,490) | ACTIVITIES | |||||||
19 | Trade receivables | Other payables | GROSS PROFIT | 4,369,029 | 5,007,721 | Collections from customers | 16,235,309 | 15,897,438 | |||||||||
20 | Related party | 4,221 | 17,719 | Related parties | 110,294 | 77,418 | Operating expanses | (3,322,550) | (3,080,203) | Payments to suppliers and contractors,and | |||||||
21 | Third parties - net | 2,961,556 | 2,467,081 | Third parties | 707,715 | 580,524 | Other operating income | 66,644 | 68,339 | for salaries and other employee benefits | (12,726,342) | (11,696,850) | |||||
22 | Other receivables - related parties | 26,857 | 18,980 | Customers deposits | 75,971 | 69,510 | Other operating expanses | (39,012) | (121,012) | Receipts of interest income | 334,944 | 417,221 | |||||
23 | Other current financial assets | 57,893 | 51,381 | Accrued expenses | 928,999 | 869,653 | OPERATING INCOME | 1,074,111 | 1,874,845 | Payments of corporate income taxes | (167,132) | (274,627) | |||||
24 | Inventories - net | 1,837,769 | 1,768,603 | Taxes payable | 49,511 | 103,668 | Finance income | 415,060 | 519,535 | Payments of other taxes | (1,730,094) | (1,622,952) | |||||
25 | Advances and deposits | 142,385 | 208,984 | Short-term employee benefits liability | 182,454 | 141,454 | Final tax on interest income | (82,992) | (103,838) | Refunds from tax restitution | 166 | 121 | |||||
26 | Prepaid taxes | 4,427 | 1,595 | Current maturities of obligations | Finance cost | (18,661) | (14,093) | Net receipts from other operating activities | 37,681 | 61,454 | |||||||
27 | Prepaid expanses | 54,812 | 53,840 | under finance lease | 110,749 | 87,953 | Equity in net earnings of associated companies - net | 13,304 | 11,540 | ||||||||
28 | INCOME BEFORE FINAL TAX AND | Net cash flows provided by operating activities | 1,984,532 | 2,781,805 | |||||||||||||
29 | TOTAL CURRENT ASSETS | 12,315,796 | 12,883,074 | TOTAL CURRENT LIABILITIES | 3,925,649 | 3,479,024 | INCOME TAX EXPENSE | 1,400,822 | 2,287,989 | ||||||||
30 | Final tax | (594) | (715) | CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||
31 | NON-CURRENT LIABILITIES | INCOME BEFORE INCOME | Proceeds from disposal of fixed assets | 11,117 | 1,989 | ||||||||||||
32 | Obligations under fiinance lease net of current maturities | 5,383 | 20,036 | TAX EXPENSE | 1,400,822 | 2,287,274 | Cash dividends received | 7,727 | 13,632 | ||||||||
33 | Long-term employee benefit liability | 569,026 | 732,489 | INCOME TAX EXPENSE - NET | (254,291) | (427,456) | Acquisitions of fixed assets | (514,180) | (769,019) | ||||||||
34 | Long-term provisions | 66,915 | 75,620 | NET NCOME FOR THE YEAR | 1,145,937 | 1,859,818 | Acquisitions of intangible assets | (9,756) | (6,790) | ||||||||
35 | TOTAL NON-CURRENT LIABILITIES | 641,324 | 828,145 | Investment in shares of stock | - | (500) | |||||||||||
36 | TOTAL LIABILITIES | 4,566,973 | 4,307,169 | OTHER COMPREHENSIVE | |||||||||||||
37 | INCOME (LOSS) | Net cash flows used in investing activities | (505,092) | (760,688) | |||||||||||||
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39 | EQUITY | Items that will not be reclassified | CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||||||||
40 | N0N CURRENT ASSETS | to profit or loss in subsequent periods | Payments of cash dividends | (2,576,024) | (3,418,759) | ||||||||||||
41 | Deferred tax assets - net | 109,088 | 239,201 | Equity Attributable to Owners of the | Net movement on cash flow hedge | (551) | 2,833 | Payments of obligations under finance lease | (1,431) | (3,822) | |||||||
42 | Investments in shares of stock and | Parent Entity | Remeasurement loss o post employment benefits | Payments of interest expense and other | |||||||||||||
43 | advances to an unconsolidated | Capital stock - Rp 500 (in full amount) | liability | 126,717 | (31,968) | financial charges | (1,158) | (1,968) | |||||||||
44 | subsidiary - net | 98,377 | 93,700 | par value per share | Related income tax | (30,159) | 6,985 | ||||||||||
45 | Fixed assets - net | 14,637,185 | 14,979,453 | Authorized - 8,000,000,000 shares | OTHER COMPREHENSIVE | Net cash flows used in financing activities | (2,578,613) | (3,424,549) | |||||||||
46 | Investment properties - net | 15,907 | 16,404 | Issued and fully paid 3,681,231,699 shares | 1,840,616 | 1,840,616 | INCOME (LOSS) FOR THE YEAR, | ||||||||||
47 | Intangible assets - net | 105,555 | 107,357 | Additional paid-in capital | 2,698,863 | 2,698,863 | NET OF TAX | 96,007 | (22,150) | NET DECREASE IN CASH AND | |||||||
48 | Other non-current financial assets | 88,055 | 88,240 | Other comprehensive loss | (210,378) | (306,385) | CASH EQUIVALENTS | (1,099,173) | (1,403,432) | ||||||||
49 | Other non-current assets | 418.599 | 456,247 | Retained earnings | TOTAL COMPREHENSIVE | ||||||||||||
50 | Appropriated | 400,000 | 400,000 | INCOME FOR THE YEAR | 1,241,944 | 1,837.668 | |||||||||||
51 | Unappropriated | 18,492,488 | 19,923,413 | NET EFFECT OF EXCHAGE RATES | |||||||||||||
52 | Net income for the year attributable to : | CHANGES ON CASH AND CASH | |||||||||||||||
53 | Owners of the Parent Entity | 1,145,937 | 1,859,818 | EQUIVALENTS | 30,158 | 24,293 | |||||||||||
54 | Non-controlling interests | - | - | ||||||||||||||
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56 | Total | 1,145,937 | 1,859,818 | ||||||||||||||
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58 | Total comprehensive income for the | ||||||||||||||||
59 | year attributable to : | ||||||||||||||||
60 | Owners of the Parent Entity | 1,241,944 | 1,837,668 | ||||||||||||||
61 | Non-controlling interests | - | - | ||||||||||||||
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77 | TOTAL NON-CURRENT ASSETS | 15,472,766 | 15,980,602 | TOTAL EQUITY | 23,221,589 | 24,556,507 | Total | 1,241,944 | 1,837,668 | CASH AND CASH EQUIVALENTS | |||||||
78 | AT BEGINNING OF YEAR | 8,294,891 | 9,674,030 | ||||||||||||||
79 | BASIC EARNINGS PER SHARE | CASH AND CASH EQUIVALENTS | |||||||||||||||
80 | TOTAL ASSETS | 27,788,562 | 28,863,676 | TOTAL LIABILITIES AND EQUITY | 27,788,562 | 28,863,676 | (in full amount) | 311.29 | 505.22 | AT END OF YEAR | 7,225,876 | 8,294,891 | |||||
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83 | Notes : | ||||||||||||||||
84 | 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 | |||||||||||||||
85 | 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 | |||||||||||||||
86 | 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. | ||||||||||||||||
87 | PT Indocement Tunggal Prakarsa | ||||||||||||||||
88 |