Financial Highlights

Consolidated Statements of Profit or Loss and Other Comprehensive Income

* (In million Rupiah)

Remarks 2018 2017 2016 2015 2014 Growth (%) CAGR 2014-2018
Net Revenues 6,930,628 5,362,263 3,481,732 2,652,622 3,277,195 29.25% 20.59%
Cost of Revenues (6,048,206) (4,695,624) (2,977,299) (2,324,039) (2,790,105) 28.81% 21.34%
Gross profit 882,422 666,639 504,433 328,583 487,090 32.37% 106.31%
Operating Expenses (149,876) (136,281) (96,174) (90,150) (76,888) 9.98% 18.16%
Operating profit 732,546 530,359 408,258 238,433 410,202 38.12% 15.60%
Interest Income (Expenses) (89,852) (84,722) (40,167) (25,941) 6,031 6.06% 96.46%
Other Income (Expenses) (23,442) (26,135) (27,251) (12,780) (3,408) (10.30%) 61.95%
Profit before Tax 619,251 419,501 340,840 199,711 412,825 47.62% 10.67%
Income Tax Expenses (132,611) (79,042) (58,692) (27,750) (89,117) 67.77% 10.45%
Profit for the Year 486,640 340,459 282,148 171,962 323,708 42.94% 10.73%
Other Comprehensive Income (Expenses) 3,380 (2,042) (3,520) (13,216) (5,045) (265.52%) (9.53%)
Comprehensive Income 490,020 338,417 278,628 158,746 318,663 44.80% 11.36%
INCOME ATTRIBUTABLE TO:
Owners of The Parent Entity 486,353 337,124 273,007 174,056 329,813 44.27% 10.20%
Non-Controlling Interest 287 3,335 9,141 (2,094) (6,105) (91.39%) (53.44%)
Total Profit for the Year 486,640 340,459 282,148 171,962 323,708 42.94% 10.73%
COMPREHENSIVE INCOME ATTRIBUTABLE TO:
Owners of The Parent Entity 489,638 334,995 269,487 160,840 324,768 46.16% 10.81%
Non-Controlling Interest 382 3,422 9,141 (2,094) (6,105) (88.84%) (49.99%)
Total Comprehensive 490,020 338,417 278,628 158,746 318,663 (85.52%) (37.38%)
Earnings Per Share (in full Rupiah) 55.80 38.68 31.32 19.97 37.84 144.26% 10.20%

* (In million Rupiah)

Consolidated Statement of Financial Position

* (In million Rupiah)

Remarks 2018 2017 2016 2015 2014 Growth (%) CAGR 2014-2018
ASSETS
Current Assets 5,870,714 4,351,377 2,439,937 2,454,909 2,127,365 34.92% 28.89%
Fixed Asset 2,947,961 2,679,459 2,219,224 1,997,515 1,671,205 10.02% 15.25%
Other Non-Current Assets 4,380 4,380 3,197 3,852 4,089 0.00% 1.73%
Deferred Tax Assets 1,312,528 - - - - 100% -
Investments in Associates 25,614 25,374 - - - 0.95% -
Investments in Joint Ventures 31,796 7,386 - - - 330.49% -
Total Assets 8,881,778 7,067,976 4,663,078 4,456,276 3,802,659 25.66% 23.62%
LIABILITIES
Current Liabilities 5,248,086 4,216,314 1,863,794 1,793,465 1,509,857 24.47% 36.54%
Non-Current Liabilities 496,880 103,726 308,051 399,208 90,210 (52.10%) 53.20%
Total Liabilities 5,744,966 4,320,041 2,171,845 2,192,672 1,600,067 32.98% 37.65%
EQUITY
Total Equity 3,136,812 2,747,935 2,491,233 2,263,603 2,202,592 14.15% 9.24%
EQUITY ATTRIBUTABLE TO:
Owners of Parent Entity 3,064,482 2,675,988 2,422,708 2,421,950 2,205,241 14.52% 8.57%
Non-Controlling Interests 72,330 71,947 68,525 58,184 59,454 0.53% 5.02%
Investments in Subsidiaries 356,615 356,615 356,615 356,615 269,812 0.00% 7.22%
Net Working Capital 622,628 135,063 576,144 661,444 617,508 360.99% 0.21%

Financial Ratios

Remarks Unit 2018 2017 2016 2015 2014 Growth (%) CAGR 2014-2018
LIQUIDITY RATIO
Cash Ratio % 16.48% 15.13% 18.36% 45.92% 68.78% 8.92% (30.04%)
Quick Ratio % 88.88% 78.68% 93.65% 102.17% 110.59% 12.96% (5.32%)
Current Ratio % 111.86% 103.20% 130.91% 136.88% 140.90% 8.39% (5.61%)
Net Working Capital % 8.98% 2.52% 16.55% 24.94% 18.84% 256.35% (16.91%)
ACTIVITY RATIO
Collection Period days 63.89 83.01 68.51 78.45 53.00 (23.07%) 4.78%
Inventory Turnover times 63.52 70.39 72.80 85.65 51.00 (9.76%) 5.64%
Receivable Turnover times 5.71 4.40 5.33 4.65 6.90 29.77% (4.62%)
Current Asset Turnover times 1.18 1.23 1.43 1.08 1.50 (4.07%) (5.82%)
Fixed Assets Turnover times 2.35 2.00 1.57 1.33 2.00 17.5% 4.11%
Total Asset Turnover times 80.02 81.05 79.95 63.32 95.36 (1.27%) (4.29%)
Working Capital Turnover times 11.13 39.70 6.04 4.01 5.30 (71.96%) 20.38%
LEVERAGE RATIO
Debt to Asset Ratio % 64.68% 61.12% 46.58% 49.20% 42.10% 5.82% 11.33%
Times Interest Earned Ratio % 789.2% 595.10% 947.10% 894.30% 6,745.10% 32.62% (41.51%)
SOLVENCY RATIO
Debt to Equity Ratio % 183.15% 157.21% 87.18% 96.87% 72.64% 16.50% 26.01%
RENTABILITY RATIO
Gross Profit Margin % 12.73% 12.43% 14.49% 12.39% 14.86% 2.41% (3.79%)
EBITDA Margin % 13.49% 12.74% 14.86% 17.79% 15.00% 5.89% (2.62%)
Production Ratio % 89.43% 90.11% 88.27% 88.27% 87.48% (0.75%) 0.55%
Net Profit Margin % 7.02% 6.35% 8.10% 6.48% 10.06% 10.55% (8.60%)
Return on Investment (ROI) % 8.18% 7.62% 11.83% 11.83% 14.06% 7.35% (12.66%)
Return on Working Capital % 1.14% 3.73% 8.96% 8.96% 11.63% (69.44%) (11.89%)
Return on Equity Ratio (ROE) % 20.58% 17.82% 14.62% 14.62% 21.87% 15.49% (1.51%)
Return on Assets (ROA) % 5.48% 4.77% 5.98% 3.56% 8.38% 14.88% (4.50%)