Financial Highlights

Consolidated Statements of Profit or Loss and Other Comprehensive Income

* (In million Rupiah)

Remarks 2019 2018 2017 2016 2015
Net Revenues 7,083,384 6,930,628 5,362,263 3,481,732 2,652,622
Cost of Revenues (6,132,667) (6,048,206) (4,695,624) (2,977,299) (2,324,039)
Gross profit 950,717 882,422 666,639 504,433 328,583
Operating Expenses (155,311) (149,876) (136,281) (96,174) (90,150)
Operating profit 795,406 732,546 530,359 408,258 238,433
Interest Income (Expenses) (137,685) (89,852) (84,722) (40,167) (25,941)
Other Income (Expenses) (31,450) (23,442) (26,135) (27,251) (12,780)
Profit before Tax 626,271 619,251 419,501 340,840 199,711
Income Tax Expenses 115,559 (132,611) (79,042) (58,692) (27,750)
Profit for the Year 510,712 486,640 340,459 282,148 171,962
Other Comprehensive Income (Expenses) 6,860 3,380 (2,042) (3,520) (13,216)
Comprehensive Income 517,572 490,020 338,417 278,628 158,746
INCOME ATTRIBUTABLE TO:
Owners of The Parent Entity 512,347 486,353 337,124 273,007 174,056
Non-Controlling Interest (1,635) 287 3,335 9,141 (2,094)
Total Profit for the Year 510,712 486,640 340,459 282,148 171,962
COMPREHENSIVE INCOME ATTRIBUTABLE TO:
Owners of The Parent Entity 519,156 489,638 334,995 269,487 160,840
Non-Controlling Interest (1,584) 382 3,422 9,141 (2,094)
Total Comprehensive 517,572 490,020 338,417 278,628 158,746
Earnings Per Share (in full Rupiah) 58.79 55.80 38.68 31.32 19.97

Consolidated Statement of Financial Position

* (In million Rupiah)

Remarks 2019 2018 2017 2016 2015
ASSETS
Current Assets 7,168,913 5,870,714 4,351,377 2,439,937 2,454,909
Fixed Asset 3,012,075 2,947,961 2,679,459 2,219,224 1,997,515
Other Non-Current Assets 21,419 4,380 4,380 3,197 3,852
Deferred Tax Assets 3,911 1,313 - - 408
Investments in Associates 30,323 25,614 25,374 - -
Investments in Joint Ventures 21,847 31,796 7,386 - -
Total Assets 10,337,895 8,881,778 7,067,976 4,663,078 4,456,276
LIABILITIES
Current Liabilities 6,195,055 5,248,086 4,216,314 1,863,794 1,793,465
Non-Current Liabilities 634,394 496,880 103,726 308,051 399,208
Total Liabilities 6,829,449 5,744,966 4,320,041 2,171,845 2,192,672
EQUITY
Total Equity 3,508,446 3,136,812 2,747,935 2,491,233 2,263,603
EQUITY ATTRIBUTABLE TO:
Owners of Parent Entity 3,437,718 3,064,482 2,675,988 2,422,708 2,421,950
Non-Controlling Interests 70,728 72,330 71,947 68,525 58,184
Net Working Capital 973,857 622,628 135,063 576,144 661,444

Financial Ratios

Remarks Unit 2019 2018 2017 2016 2015
LIQUIDITY RATIO
Cash Ratio % 25.86% 16.48% 15.13% 18.36% 45.92%
Quick Ratio % 97.18% 88.88% 78.68% 93.65% 102.17%
Current Ratio % 115.72% 111.86% 103.20% 130.91% 136.88%
Net Working Capital % 13.75% 8.98% 2.52% 16.55% 24.94%
ACTIVITY RATIO
Collection Period days 67.48 63.89 83.01 68.51 78.45
Inventory Turnover times 59.17 63.52 70.39 72.80 85.65
Receivable Turnover times 5.41 5.71 4.40 5.33 4.65
Current Asset Turnover times 0.99 1.18 1.23 1.43 1.08
Fixed Assets Turnover times 2.35 2.35 2.00 1.57 1.33
Total Asset Turnover times 69.85 79.69 81.05 79.95 63.32
Working Capital Turnover times 7.27 11.13 39.70 6.04 4.01
LEVERAGE RATIO
Debt to Asset Ratio % 66.06% 64.68% 61.12% 46.58% 49.20%
Times Interest Earned Ratio % 554,86% 789.2% 595.10% 947.10% 894.30%
SOLVENCY RATIO
Debt to Equity Ratio % 194.66% 183.15% 157.21% 87.18% 96.87%
RENTABILITY RATIO
Gross Profit Margin % 13.42% 12.73% 12.43% 14.49% 12.39%
EBITDA Margin % 14.21% 13.49% 12.74% 14.86% 17.79%
Production Ratio % 88.77% 89.43% 90.11% 88.27% 88.27%
Net Profit Margin % 7.23% 7.02% 6.35% 8.10% 6.48%
Return on Investment (ROI) % 9.91% 10.71% 10.32% 11.83% 11.83%
Return on Working Capital % 2.49% 1.14% 3.73% 8.96% 8.96%
Return on Equity Ratio (ROE) % 18.63% 20.01% 17.82% 14.62% 14.62%
Return on Assets (ROA) % 4.94% 5.48% 4.77% 5.98% 3.56%