IDN Financials

GUDANG
GARAM

PT. GUDANG GARAM Tbk.

 
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PT GUDANG GARAM Tbk AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

31 DECEMBER 2021 AND 2020
(In millions of Rupiah)
PT GUDANG GARAM Tbk AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
AND OTHER COMPREHENSIVE INCOME

YEARS ENDED 31 DECEMBER 2021 AND 2020
(In millions of Rupiah, except for Earnings per Share)
PT GUDANG GARAM Tbk AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS

YEARS ENDED 31 DECEMBER 2021 AND 2020
(In millions of Rupiah)
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20212020202120202021202020212020
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ASSETSLIABILITIES AND EQUITYREVENUE124.881.266114.477.311CASH FLOWS FROM OPERATING ACTIVITIES:
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COST OF SALES(110.608.655)(97.089.067)   Cash received from customers124.662.749113.799.384
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CURRENT ASSETSLIABILITIES   Cash paid to suppliers(110.646.705)(85.504.772)
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   Cash and cash equivalents4.169.7404.774.272CURRENT LIABILITIESGROSS PROFIT14.272.61117.388.244   Payments for operating expenses(3.805.354)(4.302.588)
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   Trade receivables, third parties2.773.8722.556.127   Short-term bank loans9.948.3366.009.226   Payments to employees(3.952.283)(3.760.815)
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   Inventories47.456.22539.894.523   Current maturities of long-termOther income236.677281.559   Receipt of interest125.454141.659
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   Prepaid VAT4.466.5241.680.362      bank loans32.00020.000Operating expense(7.159.938)(7.581.497)   Payments of interest(67.698)(492.277)
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   Prepaid expense210.811367.231   Trade payables1.002.2331.123.703Other expense(4.303)(3.759)   Payments of corporate income tax(1.244.291)(2.251.510)
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   Other current assets235.406265.414   Taxes payable531.620215.747Foreign exchange gain (loss), net16.718(38.692)   Other cash received (paid)233.295(151.417)
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      Total Current Assets59.312.57849.537.929   Excise duty, VAT and cigarettes      Net cash from operating activities5.325.16717.477.714
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      tax payables16.102.5739.059.132OPERATING PROFIT7.361.76510.045.855
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   Accrued expenses96.13879.548CASH FLOWS FROM INVESTING ACTIVITIES:
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   Other current liabilities656.383502.635Interest expense(74.919)(382.722)   Withdrawal of time deposits40.000126.424
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      Total Current Liabilities28.369.28317.009.992   Placement of time deposits(75.000)(51.000)
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PROFIT BEFORE INCOME TAX7.286.8469.663.133   Acquisition of fixed assets(4.934.572)(5.351.416)
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NON-CURRENT ASSETSNON-CURRENT LIABILITIES   Cash receipt from sale of fixed assets125.405227.725
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   Fixed assets, net29.780.13227.605.038   Long-term bank loan, net of currentIncome tax expense(1.681.525)(2.015.404)      Net cash used in investing activities(4.844.167)(5.048.267)
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   Right-of-use assets, net43.67473.206      maturities122.667156.667
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   Deferred tax assets, net123.422141.905   Post-employment benefits liabilities1.538.6561.996.074PROFIT5.605.3217.647.729CASH FLOWS FROM FINANCING ACTIVITIES
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   Prepaid income tax23.71039.760   Deferred tax liabilities, net645.489506.208   Proceeds from short-term loans10.150.0009.500.000
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   Other non-current assets680.853793.571      Total Non-Current Liabilities2.306.8122.658.949OTHER COMPREHENSIVE INCOME   Repayments of short-term loans(6.600.000)(20.600.000)
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      Total Non-Current Assets30.651.79128.653.480   Items that will never be reclassified to   Repayments of long-term loan(22.000)(20.000)
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      TOTAL LIABILITIES30.676.09519.668.941      profit or loss   Payments of dividends to:
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      Remeasurement of defined benefit liabilities209.121(70.025)      Owner of the Company(5.002.629)-
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      Income tax (expense) benefit on other      Non-controlling interest--
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EQUITY         comprehensive income(46.007)14.005   Subsidiaries capital contribution by
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   Share capital962.044962.044      non-controlling shareholders-1
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   Capital paid in excess of par53.70053.700Total other comprehensive income163.114(56.020)      Net cash used in financing activities(1.474.629)(11.119.999)
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   Difference from transaction with
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      non-controlling interest(33.379)(33.379)TOTAL COMPREHENSIVE INCOME5.768.4357.591.709Foreign exchange (loss) gain on cash and
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   Retained earnings      cash equivalents(13)151
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      Appropriated200.000200.000PROFIT ATTRIBUTABLE TO:
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      Unappropriated58.105.84357.340.043   Owners of the Company5.605.3157.647.725Net (decrease) Increase in cash and
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   Non-controlling interest64      cash equivalents(993.642)1.309.599
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   Equity attributable to owners5.605.3217.647.729Cash and cash equivalents,
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      of the Company59.288.20858.522.408      beginning of year4.765.0463.455.477
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   Non-controlling interest6660TOTAL COMPREHENSIVE INCOMECash and cash equivalents, end of year3.771.4044.765.046
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      TOTAL EQUITY59.288.27458.522.468   ATTRIBUTABLE TO:
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   Owners of the Company5.768.4297.591.705Cash and cash equivalents cosist of:
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   Non-controlling interest64   Cash and cash equivalents4.169.7404.744.272
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5.768.4357.591.709   Bank overdraft(398.336)(9.226)
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3.771.4044.765.046
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TOTAL ASSETS89.964.36978.191.409TOTAL LIABILITIES AND EQUITY89.964.36978.191.409Earnings per share, basic and dilutive2,9133,975
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   (in whole Rupiah)
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Note :KEDIRI, MARCH 2022

BOARD OF DIRECTORS

PT. GUDANG GARAM Tbk.
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The above financial information are derived from 2021 consolidated financials statements of PT Gudang Garam Tbk and subsidiaries, which was
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audited by Siddharta Widjaja & Rekan, Registered Public Accountants, who expressed an UNQUALIFIED OPINION on those statements.
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