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 FINANCIAL POSITIONCONSOLIDATED STATEMENT OF PROFIT OR LOSS
AND OTHER COMPREHENSIVE INCOME
CONSOLIDATED STATEMENT OF CASH FLOW
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As of December 31, 2017 and 2016For The Year Ended December 31, 2017 and 2016For The Year Ended December 31, 2017 and 2016
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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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A S S E T SLIABILITIES AND EQUITY
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Year Ended December 31,Year Ended December 31,
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December 31,
2017
December 31,
2016
December 31,
2017
December 31,
2016
2017201620172016
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CASH FLOWS FROM OPERATING
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CURRENT ASSETSCURRENT LIABILITIESNET REVENUES14,431,21115,361,894ACTIVITIES
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Cash and cash equivalents8,294,8919,674,030Trade payables - third parties1,548,8441.518,841Collections from customers15,897,43816,942,375
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Trade receivablesOther payablesCOST OF REVENUES(9,423,490)(9,030,433)Payments to suppliers and contractors,
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     Related party17,71969,081     Related parties77,41859,393     and for salaries and other employee
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     Third parties - net2,467,0812,536,242     Third parties580,524510.478GROSS PROFIT5,007,7216,331,461     benefits(11,696,850)(11,493,687)
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Other receivables - related parties18,98011,656Customers' deposits69,51037,044Receipts of interest income417,221490,943
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Other current financial assets51,38171,123Accrued expenses869,653773,419Operating expenses(3,080,203)(2,713,870)Payments of corporate income taxes(274,627)(754,245)
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Inventories - net1,768,6031,780,410Taxes payable103,668112,348Other operating income68,33970,709Payments of other taxes(1.622,952)(1,788,519)
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Advances and deposits208,984221,750Short-term employee benefits liability141,454106,181Other operating expenses(121,012)(43,705)Refunds from tax restitution12138.393
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Prepaid taxes1,5951,532Current maturities of obligationsOPERATING INCOME1,874,8453,644,595Net receipts from other operating
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Prepaid expenses53,84058,798     under finance lease87,95370,038     activities61,454110,853
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Finance income519,535619,671
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TOTAL CURRENT ASSETS12,883,07414,424,622TOTAL CURRENT LIABILITIES3,479,0243,187,742Final tax on interest income(103,838)(123,290)
Net cash flows provided by operating
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Finance cost(14,093)(11,823)     activities2,781,8053,546,113
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Equity in net earnings of associated
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NON-CURRENT LIABILITIES     companies - net11,54017,226
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Obligations under finance lease -CASH FLOWS FROM INVESTING
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     net of current maturities20,03637,146INCOME BEFORE FINAL TAX ANDACTIVITIES
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Long-term employee benefits liability732,489722,098INCOME TAX EXPENSE2,287,9894,146,379Cash dividends received13,63222,412
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Long-term provisions75,62064,891Final tax(715)(747)Proceeds from disposal of fixed assets1,98910,211
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Acquisitions of fixed assets(769,019)(910,334)
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TOTAL NON-CURRENT LIABILITIES828,145824,135INCOME BEFORE INCOME TAX EXPENSE2,287,2744,145,632Acquisitions of intangible assets(6,790)(52,025)
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Investment in shares of stock(500)(53,193)
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TOTAL LIABILITIES4,307,1694,011,877INCOME TAX EXPENSE - NET(427,456)(275,313)Cash of newly accquired Subsidiary-8,970
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NET INCOME FOR THE YEAR1,859,8183,870,319Net cash flows used in investing
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     activities(760,688)(973,959)
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OTHER COMPREHENSIVE LOSS
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Items that will not be reclassified toCASH FLOWS FROM FINANCING
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     profit or loss in subsequent periodsACTIVITIES
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Net movement on cash flow hedge2,833(12,377)Payments of cash dividends(3,418,759)(1,527,247)
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Re-measurement loss on
Payments of obligations under finance lease
(3,822)(11,042)
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     post-employment benefits liability(31,968)(82,154)Payments of interest expense and other
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Related income tax6,98524,676     financial charges(1,968)(8,923)
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OTHER COMPREHENSIVE INCOME Net cash flows used in financing
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EQUITYFOR THE YEAR, NET OF TAX(22,150)(69,855)     activities(3,424,549)(1,547,212)
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Equity Attributable to Owners of the
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NON-CURRENT ASSETS     Parent EntityTOTAL COMPREHENSIVE INCOME
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Deferred tax assets - net239,201322,237Capital stock - Rp500 (in full amount)FOR THE YEAR1,837,6683,800,464NET INCREASE (DECREASE) IN
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Investments in shares of stock      par value per shareCASH AND CASH EQUIVALENTS(1,403,432)1,024,942
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     and advances to an     Authorized - 8,000,000,000 sharesNet income for the year attributable to:
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     unconsolidated subsidiary - net
93,70095,292     Issued and fully paid -     Owners of the Parent Entity1,859,8183,870,319
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Fixed assets - net14,979.45314,643,695          3,681,231,699 shares1,840,6161,840,616     Non-controlling interests--NET EFFECT OF EXCHANGE RATE
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Investment properties - net16,40416,981Additional paid-in capital2,698,8632,698,863Total1,859,8183,870,319CHANGES ON CASH AND CASH
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Intangible assets - net107,357111,953Other comprehensive loss(306,385)(284,235)EQUIVALENTS24,293(6,474)
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Other non-current financial assets88,24081,901Retained earningsTotal comprehensive income for
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Other non-current assets456,247453,899     Appropriated400,000400,000     the year attributable to:
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     Unappropriated19,923,41321,483,459     Owners of the Parent Entity1,837,6683,800,464CASH AND CASH EQUIVALENTS
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     Non-controlling interests--AT BEGINNING OF YEAR9,674,0308,655,562
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TOTAL NON-CURRENT ASSETS15,980,60215,725,958TOTAL EQUITY24,556,50726,138,703Total1,837,6683,800,464
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BASIC EARNINGS PER SHARECASH AND CASH EQUIVALENTS
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TOTAL ASSETS28,863,67630,150,580TOTAL LIABILITIES AND EQUITY28,863,67630,150,580(in full amount)505,221,051.37AT END OF YEAR8,294,8919,674,030
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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
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Jakarta, March 23, 2018
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Board of Directors
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PT Indocement Tunggal Prakarsa Tbk
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