Financial Highlights
CONSOLIDATED STATEMENTS OF PROFIT AND OTHER COMPREHENSIVE INCOME
(in millions Rupiah)
| DESCRIPTION | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Net Revenues | 17,809,718 | 16,536,382 | 27,212,914 | 31,158,193 | 26,176,403 |
| Cost of Revenues | (16,115,148) | (15,011,596) | (23,732,835) | (27,553,466) | (23,300,169) |
| Gross Profit | 1,694,570 | 1,524,785 | 3,480,079 | 3,604,727 | 2,876,234 |
| Selling Expenses | (8,579) | (11,276) | (13,185) | (10,445) | (9,959) |
| General and Administrative Expenses | (779,834) | (883,293) | (917,358) | (775,300) | (666,714) |
| Interest Income | - | - | - | - | - |
| Increase in Fair Value of Investment Properties | - | - | - | - | - |
| Gain on Purchase Discounts | - | - | - | - | - |
| Gain (Loss) on Exchange Difference | - | - | - | - | - |
| Impairment of Receivables Expenses | - | - | - | - | - |
| Other Income | 1,277,283 | 3,067,647 | 1,182,571 | 1,122,198 | 416,734 |
| Other Expenses | (1,060,454) | (2,233,922) | (37,712) | (106,483) | (295,508) |
| Operating Profit | 1,122,984 | 1,463,942 | 3,694,395 | 3,834,697 | 2,320,788 |
| Financing Cost | (1,157,284) | (1,221,502) | (884,252) | (972,529) | (677,973) |
| Final Income Tax Expenses | (412,524) | (400,877) | (696,178) | (726,943) | (629,479) |
| Loss from Associates | (28,886) | (3,459) | (263,821) | (309,629) | (123,644) |
| Share in Profit from Joint Venture | 672,373 | 472,172 | 939,112 | 533,031 | 572,701 |
| Miscellaneous – Net | - | - | - | - | - |
| Profit Before Income Tax | 196,664 | 310,276 | 2,789,256 | 2,358,629 | 1,462,391 |
| Income Tax Benefit (Expense) | 17,760 | 12,067 | (168,241) | (285,329) | (106,276) |
| Net Income | 214.425 | 322,343 | 2,621,015 | 2,073,300 | 1,356,115 |
| Other Comprehensive Income | |||||
| Other Comprehensive Income (Expenses) Not Reclassified to Profit Loss: | |||||
| Actuarial Gain (Loss) on Defined Benefit Plan | 24,444 | (21,158) | (93,096) | 140,243 | (47,649) |
| Income Tax Related to Items Not Reclassified to Profit (Loss) | (2,069) | 383 | 157 | - | - |
| Other Comprehensive Income for the Year After Tax | 22,375 | (20,775) | (93,096) | 140,243 | (47,649) |
| Total Comprehensive Income for the Year | 236,800 | 301,567 | 2,527,919 | 2,213,543 | 1,308,466 |
| Net Profit Attributable To: | |||||
| Owner of Parent Entity | 117,667 | 185,766 | 2,285,022 | 1,730,256 | 1,202,069 |
| Non Controlling Interest | 96,758 | 136,576 | 335,993 | 343,044 | 154,046 |
| Total | 214,425 | 322,343 | 2,621,015 | 2,073,300 | 1,356,115 |
| Total Comprehensive Income Attributable to: | |||||
| Owner of Parent Entity | 129,946 | 173,794 | 2,190,255 | 1,860,118 | 1,158,684 |
| Non-Controlling Interest | 106,855 | 127,774 | 337,663 | 353,425 | 149,782 |
| Total | 236,800 | 301,567 | 2,527,919 | 2,213,543 | 1,308,466 |
| Basic Earnings Per Share (Full Value) | 13.12 | 20,71 | 254.74 | 193.02 | 134.10 |
CONSOLIDATED STATEMENT OF CASH FLOWS | |||||
(in millions Rupiah) | |||||
| DESCRIPTION | 2021 | 2020 | 2019 | 2018 | 2017 |
| Net Cash Provided by (Used for) Operating Activities | (3,740,044) | 314,191 | 265,746 | 3,935,625 | 1,885,252 |
| Net Cash Provided by (Used for) Investing Activities | (3,711,048) | (5,232,493) | (4,043,690) | (6,068,318) | (2,637,548) |
| Net Cash Provided by (Used for) Financing Activities | (524,062) | 9,477,948 | 167,445 | 4,814,069 | 2,727,823 |
| Net Increase (Decrease) in Cash and Cash Equivalents | (7,975,154) | 4,559,647 | (3,610,499) | 2,681,376 | 1,975,527 |
| Cash and Cash Equivalents from Acquisition of Subsidiaries | - | 4,432 | - | - | - |
| Effect of Changes in Foreign Exchange | 7,262 | 40,949 | (16,533) | 38,612 | 8,251 |
| Cash and Cash Equivalents at Beginning of the Year | 14,951,761 | 10,346,734 | 13,973,766 | 11,253,778 | 9,270,000 |
| Cash and Cash Equivalents at End of the Year | 6,983,870 | 14,951,761 | 10,346,734 | 13,973,766 | 11,253,778 |
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION | |||||
(in millions Rupiah) | |||||
| DESCRIPTION | 2021 | 2020 | 2019 | 2018 | 2017 |
| ASSETS | |||||
| Total Current Assets | 37,186,634 | 47,980,946 | 42,335,472 | 45,731,940 | 34,910,108 |
| Total Non-Current Assets | 32,199,160 | 20,128,239 | 19,775,375 | 13,498,062 | 10,793,766 |
| Total Assets | 69,385,794 | 68,109,185 | 62,110,846 | 59,230,001 | 45,683,774 |
| LIABILITIES | |||||
| Total Short Term Liabilities | 36,969,570 | 44,212,530 | 30,349,457 | 28,251,951 | 25,975,617 |
| Total Non-Current Liabilities | 14,981,147 | 7,239,230 | 12,545,657 | 13,762,735 | 5,076,332 |
| Total Liabilities | 51,950,717 | 51,451,760 | 42,895,114 | 42,014,687 | 31,051,950 |
| EQUITY | |||||
| Total Equity | 17,435,078 | 16,657,425 | 19,215,733 | 17,215,315 | 14,631,825 |
| Total Liabilities and Equity | 69,385,794 | 68,109,185 | 62,110,847 | 59,230,001 | 45,683,774 |
KEY FINANCIAL RATIOS | |||||
| DESCRIPTION | 2021 | 2020 | 2019 | 2018 | 2017 |
| PROFITABILITY (%) | |||||
| Return on Equity | 1.29 | 2.10 | 15.79 | 14.18 | 10.52 |
| Return on Investment | 2.55 | 2.84 | 7.87 | 7.41 | 7.32 |
| Return on Assets | 0.28 | 0.46 | 4.22 | 3.95 | 3.52 |
| LIQUIDITY (%) | |||||
| Cash Ratio | 18.89 | 33.82 | 34.09 | 49.53 | 43.40 |
| Current Ratio | 100.59 | 108.52 | 139.49 | 154.17 | 134.40 |
| Quick Ratio | 71.01 | 86.33 | 116.91 | 133.01 | 127.99 |
| ACTIVITY | |||||
| Collection Period (days) | 46 | 48 | 59.85 | 63 | 69 |
| Total Assets Turn Over (Times) | 25.70 | 24.28 | 44.49 | 53.07 | 58.32 |
| CAPITAL STRUCTURE (TIMES) | |||||
| Debt to Equity Ratio | 2.98 | 3.09 | 2.23 | 2.44 | 2.12 |
| Debt to Total Assets Ratio | 0.75 | 0.76 | 0.69 | 0.71 | 0.68 |
| Gearing Ratio | 1.63 | 1.58 | 0.77 | 0.79 | 0.62 |
| Equity to Assets Ratio | 0.25 | 0.24 | 0.31 | 0.29 | 0.32 |
| MARGIN (%) | |||||
| Gross Profit Margin | 9.51 | 9.22 | 12.79 | 11.57 | 10.99 |
| Operating Profit Margin | 10.08 | 11.71 | 12.82 | 10.76 | 10.59 |
| Net Profit Margin | 1.20 | 1.95 | 9.63 | 6.65 | 5.18 |
| GROWTH (%) | |||||
| Sales | 7.70 | (39.23) | (12.66) | 19.03 | 67.06 |
| Operating Income | (7.27) | (44.50) | (3.66) | 20.41 | 35.63 |
| Income Attributable to Owners of the Parent Entity | (36.66) | (91.87) | 32.06 | 40.25 | 13.52 |
| Total Assets | 1.87 | 9.66 | 4.86 | 29.65 | 45.70 |
| Total Equity | 4.67 | (13,31) | 11.62 | 17.66 | 14.87 |