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2 | ||||||||||||||||||||||||
3 | CONSOLIDATED STATEMENT OF FINANCIAL POSITION | CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME | CONSOLIDATED STATEMENT OF CASH FLOW | |||||||||||||||||||||
4 | As of December 31, 2017 and 2016 | For The Year Ended December 31, 2017 and 2016 | For The Year Ended December 31, 2017 and 2016 | |||||||||||||||||||||
5 | (Expressed in millions of rupiah, except share data) | (Expressed in millions of rupiah, unless otherwise stated) | (Expressed in millions of rupiah) | |||||||||||||||||||||
6 | ||||||||||||||||||||||||
7 | ||||||||||||||||||||||||
8 | A S S E T S | LIABILITIES AND EQUITY | ||||||||||||||||||||||
9 | Year Ended December 31, | Year Ended December 31, | ||||||||||||||||||||||
10 | December 31, 2017 | December 31, 2016 | December 31, 2017 | December 31, 2016 | 2017 | 2016 | 2017 | 2016 | ||||||||||||||||
11 | CASH FLOWS FROM OPERATING | |||||||||||||||||||||||
12 | CURRENT ASSETS | CURRENT LIABILITIES | NET REVENUES | 14,431,211 | 15,361,894 | ACTIVITIES | ||||||||||||||||||
13 | Cash and cash equivalents | 8,294,891 | 9,674,030 | Trade payables - third parties | 1,548,844 | 1.518,841 | Collections from customers | 15,897,438 | 16,942,375 | |||||||||||||||
14 | Trade receivables | Other payables | COST OF REVENUES | (9,423,490) | (9,030,433) | Payments to suppliers and contractors, | ||||||||||||||||||
15 | Related party | 17,719 | 69,081 | Related parties | 77,418 | 59,393 | and for salaries and other employee | |||||||||||||||||
16 | Third parties - net | 2,467,081 | 2,536,242 | Third parties | 580,524 | 510.478 | GROSS PROFIT | 5,007,721 | 6,331,461 | benefits | (11,696,850) | (11,493,687) | ||||||||||||
17 | Other receivables - related parties | 18,980 | 11,656 | Customers' deposits | 69,510 | 37,044 | Receipts of interest income | 417,221 | 490,943 | |||||||||||||||
18 | Other current financial assets | 51,381 | 71,123 | Accrued expenses | 869,653 | 773,419 | Operating expenses | (3,080,203) | (2,713,870) | Payments of corporate income taxes | (274,627) | (754,245) | ||||||||||||
19 | Inventories - net | 1,768,603 | 1,780,410 | Taxes payable | 103,668 | 112,348 | Other operating income | 68,339 | 70,709 | Payments of other taxes | (1.622,952) | (1,788,519) | ||||||||||||
20 | Advances and deposits | 208,984 | 221,750 | Short-term employee benefits liability | 141,454 | 106,181 | Other operating expenses | (121,012) | (43,705) | Refunds from tax restitution | 121 | 38.393 | ||||||||||||
21 | Prepaid taxes | 1,595 | 1,532 | Current maturities of obligations | OPERATING INCOME | 1,874,845 | 3,644,595 | Net receipts from other operating | ||||||||||||||||
22 | Prepaid expenses | 53,840 | 58,798 | under finance lease | 87,953 | 70,038 | activities | 61,454 | 110,853 | |||||||||||||||
23 | Finance income | 519,535 | 619,671 | |||||||||||||||||||||
24 | TOTAL CURRENT ASSETS | 12,883,074 | 14,424,622 | TOTAL CURRENT LIABILITIES | 3,479,024 | 3,187,742 | Final tax on interest income | (103,838) | (123,290) | Net cash flows provided by operating | ||||||||||||||
25 | Finance cost | (14,093) | (11,823) | activities | 2,781,805 | 3,546,113 | ||||||||||||||||||
26 | Equity in net earnings of associated | |||||||||||||||||||||||
27 | NON-CURRENT LIABILITIES | companies - net | 11,540 | 17,226 | ||||||||||||||||||||
28 | Obligations under finance lease - | CASH FLOWS FROM INVESTING | ||||||||||||||||||||||
29 | net of current maturities | 20,036 | 37,146 | INCOME BEFORE FINAL TAX AND | ACTIVITIES | |||||||||||||||||||
30 | Long-term employee benefits liability | 732,489 | 722,098 | INCOME TAX EXPENSE | 2,287,989 | 4,146,379 | Cash dividends received | 13,632 | 22,412 | |||||||||||||||
31 | Long-term provisions | 75,620 | 64,891 | Final tax | (715) | (747) | Proceeds from disposal of fixed assets | 1,989 | 10,211 | |||||||||||||||
32 | Acquisitions of fixed assets | (769,019) | (910,334) | |||||||||||||||||||||
33 | TOTAL NON-CURRENT LIABILITIES | 828,145 | 824,135 | INCOME BEFORE INCOME TAX EXPENSE | 2,287,274 | 4,145,632 | Acquisitions of intangible assets | (6,790) | (52,025) | |||||||||||||||
34 | Investment in shares of stock | (500) | (53,193) | |||||||||||||||||||||
35 | TOTAL LIABILITIES | 4,307,169 | 4,011,877 | INCOME TAX EXPENSE - NET | (427,456) | (275,313) | Cash of newly accquired Subsidiary | - | 8,970 | |||||||||||||||
36 | ||||||||||||||||||||||||
37 | NET INCOME FOR THE YEAR | 1,859,818 | 3,870,319 | Net cash flows used in investing | ||||||||||||||||||||
38 | activities | (760,688) | (973,959) | |||||||||||||||||||||
39 | OTHER COMPREHENSIVE LOSS | |||||||||||||||||||||||
40 | ||||||||||||||||||||||||
41 | Items that will not be reclassified to | CASH FLOWS FROM FINANCING | ||||||||||||||||||||||
42 | profit or loss in subsequent periods | ACTIVITIES | ||||||||||||||||||||||
43 | Net movement on cash flow hedge | 2,833 | (12,377) | Payments of cash dividends | (3,418,759) | (1,527,247) | ||||||||||||||||||
44 | Re-measurement loss on | Payments of obligations under finance lease | (3,822) | (11,042) | ||||||||||||||||||||
45 | post-employment benefits liability | (31,968) | (82,154) | Payments of interest expense and other | ||||||||||||||||||||
46 | Related income tax | 6,985 | 24,676 | financial charges | (1,968) | (8,923) | ||||||||||||||||||
47 | ||||||||||||||||||||||||
48 | OTHER COMPREHENSIVE INCOME | Net cash flows used in financing | ||||||||||||||||||||||
49 | EQUITY | FOR THE YEAR, NET OF TAX | (22,150) | (69,855) | activities | (3,424,549) | (1,547,212) | |||||||||||||||||
50 | Equity Attributable to Owners of the | |||||||||||||||||||||||
51 | NON-CURRENT ASSETS | Parent Entity | TOTAL COMPREHENSIVE INCOME | |||||||||||||||||||||
52 | Deferred tax assets - net | 239,201 | 322,237 | Capital stock - Rp500 (in full amount) | FOR THE YEAR | 1,837,668 | 3,800,464 | NET INCREASE (DECREASE) IN | ||||||||||||||||
53 | Investments in shares of stock | par value per share | CASH AND CASH EQUIVALENTS | (1,403,432) | 1,024,942 | |||||||||||||||||||
54 | and advances to an | Authorized - 8,000,000,000 shares | Net income for the year attributable to: | |||||||||||||||||||||
55 | unconsolidated subsidiary - net | 93,700 | 95,292 | Issued and fully paid - | Owners of the Parent Entity | 1,859,818 | 3,870,319 | |||||||||||||||||
56 | Fixed assets - net | 14,979.453 | 14,643,695 | 3,681,231,699 shares | 1,840,616 | 1,840,616 | Non-controlling interests | - | - | NET EFFECT OF EXCHANGE RATE | ||||||||||||||
57 | Investment properties - net | 16,404 | 16,981 | Additional paid-in capital | 2,698,863 | 2,698,863 | Total | 1,859,818 | 3,870,319 | CHANGES ON CASH AND CASH | ||||||||||||||
58 | Intangible assets - net | 107,357 | 111,953 | Other comprehensive loss | (306,385) | (284,235) | EQUIVALENTS | 24,293 | (6,474) | |||||||||||||||
59 | Other non-current financial assets | 88,240 | 81,901 | Retained earnings | Total comprehensive income for | |||||||||||||||||||
60 | Other non-current assets | 456,247 | 453,899 | Appropriated | 400,000 | 400,000 | the year attributable to: | |||||||||||||||||
61 | Unappropriated | 19,923,413 | 21,483,459 | Owners of the Parent Entity | 1,837,668 | 3,800,464 | CASH AND CASH EQUIVALENTS | |||||||||||||||||
62 | Non-controlling interests | - | - | AT BEGINNING OF YEAR | 9,674,030 | 8,655,562 | ||||||||||||||||||
63 | TOTAL NON-CURRENT ASSETS | 15,980,602 | 15,725,958 | TOTAL EQUITY | 24,556,507 | 26,138,703 | Total | 1,837,668 | 3,800,464 | |||||||||||||||
64 | ||||||||||||||||||||||||
65 | BASIC EARNINGS PER SHARE | CASH AND CASH EQUIVALENTS | ||||||||||||||||||||||
66 | TOTAL ASSETS | 28,863,676 | 30,150,580 | TOTAL LIABILITIES AND EQUITY | 28,863,676 | 30,150,580 | (in full amount) | 505,22 | 1,051.37 | AT END OF YEAR | 8,294,891 | 9,674,030 | ||||||||||||
67 | ||||||||||||||||||||||||
68 | Notes: - The above financiaal information is extracted from the consolidated financial statements of PT Indocement Tunggal Prakarsa Tbk (the "Company") and its subsidiaries as of December 31, 2017 and for the year then ended, prepared by the Company's management in accordance with Indonesian Financial Accounting Standards, which have been audited by Purwantono, Sungkoro & Surja ("PSS") a member firm of Ernst & Young 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 15, 2018 not included in this publication. The above financial information does not contain the concolidated statement of changes in equity and notes to the consolidated financial statements. - Basic earnings per share is computed by dividing net income for the year attributable to Owners of the Company by the weighted average number of shares outstanding during the year, which is 3,681,231,699 shares each in 2017 and 2016 | |||||||||||||||||||||||
69 | ||||||||||||||||||||||||
70 | Jakarta, March 23, 2018 | |||||||||||||||||||||||
71 | Board of Directors | |||||||||||||||||||||||
72 | PT Indocement Tunggal Prakarsa Tbk | |||||||||||||||||||||||
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74 |