Financial Highlights

Consolidated Statements of Profit or Loss and Other Comprehensive Income

* (In million Rupiah)

Description 2021 2020 2019 2018 2017
Net Revenues 4,312,853 4,803,359 7,083,384 6,930,628 5,362,263
Cost of Revenues (4,087,434) (4,493,836) (6,132,667) (6,048,206) (4,695,624)
Gross profit 225,419 309,523 950,717 882,422 666,639
Operating Expenses (112,733) (125,126) (155,311) (149,876) (136,281)
Operating Income 112,687 184,397 795,406 732,546 530,359
Interest Income (Expenses) (75,033) (89,216) (137,685) (89,852) (84,722)
Other Income (Expenses) 40,993 35,324 (31,450) (23,442) (26,135)
Profit before Tax 78,646 130,505 626,271 619,251 419,501
Income Tax Expenses 2,787 (7,358) (115,559) (132,611) (79,042)
Net Profit for the Year 81,434 123,147 510,712 486,640 340,459
Other Comprehensive Income (Expenses) 1,511 (2,157) 6,860 3,380 (2,042)
Comprehensive Income 82,945 120,990 517,572 490,020 338,417
INCOME ATTRIBUTABLE TO:
Owners of The Parent Entity 82,908 128,052 512,347 486,353 337,124
Non-Controlling Interest (1,474) (4,905) (1,635) 287 3,335
Total Income for the Year 81,434 123,147 510,712 486,640 340,459
COMPREHENSIVE INCOME ATTRIBUTABLE TO:
Owners of The Parent Entity 84,366 125,738 519,156 489,638 334,995
Non-Controlling Interest (1,421) (4,748) (1,584) 382 3,422
Total Comprehensive Income 82,945 120,990 517,572 490,020 338,417
Earning per Share (in full amount of Rupiah) 9.51 14.69 58.79 55.80 38.68

Statement of Financial Position

* (In million Rupiah)

Description 2021 2020 2019 2018 2017
ASSETS
Current Assets 5,493,814 5,248,208 7,168,913 5,870,714 4,351,377
Fixed Asset 3,210,852 3,097,822 3,012,075 2,947,961 2,679,459
Investment Property 125,806 81,544 79,408 4,380 4,380
Other Non-Current Assets 22,192 9,153 21,419 - -
Deferred Tax Assets 32,007 26,834 3,911 1,313 -
Investment in Associates 35,899 33,391 30,323 25,614 25,374
Investments in Joint Ventures 7,613 12,065 21,847 31,796 7,386
Total Assets 8,928,183 8,509,017 10,337,895 8,881,778 7,067,976
LIABILITIES
Current Liabilities 4,938,393 4,706,621 6,195,055 5,248,086 4,216,314
Non-Current Liabilities 541,906 411,824 634,394 496,880 103,726
Total Liabilities 5,480,299 5,118,444 6,829,449 5,744,966 4,320,041
EQUITY
Total Equity 3,447,884 3,390,573 3,508,446 3,136,812 2,747,935
EQUITY ATTRIBUTABLE TO:
Owners of Parent Entity 3,383,456 3,324,714 3,437,718 3,064,482 2,675,988
Non-Controlling Interests 64,428 65,859 70,728 72,330 71,947
Net Working Capital 555,421 541,588 973,857 622,628 135,063

Statement of Cash Flows

* (In million Rupiah)

Description 2021 2020 2019 2018 2017
ASSETS
Cash Flows Provided by Operating Activities 44,401 803,264 1,125,934 733,961 556,144
Cash Flows Used for Investing Activities (183,788) (281,519) (379,292) (439,849) (531,585)
Cash Flows Provided by (Used for) Financing Activities 336,062 (581,410) (9,377) (66,851) 270,985
Beginning Balance of Cash and Cash Equivalent 1,542,217 1,602,281 865,016 637,755 342,211
Ending Balance of Cash and Cash Equivalent 1,738,917 1,542,217 1,602,281 865,016 637,755

Financial Performance & Growth Ratio

Description Unit 2021 2020 2019 2018 2017
LIQUIDITY RATIO
Cash Ratio % 35.21% 32.77% 25.86% 16.48% 15.13%
Quick Ratio % 90.94% 94.64% 97.18% 88.88% 78.68%
Current Ratio % 111.25% 111.51% 115.72% 111.86% 103.20%
Net Working Capital % 12.88% 11.28% 13.75% 8.98% 2.52%
ACTIVITY RATIO
Collection Period days 68.30 54.57 67.48 63.89 83.01
Inventory Turnover times 84.87 60.32 59.17 63.52 70.39
Receivable Turnover times 5.34 7.59 5.41 5.71 4.40
Current Asset Turnover times 0.79 0.92 0.99 1.18 1.23
Fixed Assets Turnover times 1.37 1.63 2.35 2.35 2.00
Total Asset Turnover times 49.32 58.37 69.85 79.69 81.05
Working Capital Turnover times 7.77 8.87 7.27 11.13 39.70
LEVERAGE RATIO
Debt to Asset Ratio % 61.38% 60.15% 66.06% 64.68% 61.12%
Times Interest Earned Ratio % 204.82% 246.28% 554,86% 789.19% 595.10%
SOLVABILITY RATIO
Debt to Equity Ratio % 158.95% 150.96% 194.66% 183.15% 157.21%
RENTABILITY RATIO
Gross Profit Margin % 5.23% 6.44% 13.42% 12.73% 12.43%
EBITDA Margin % 7.26% 8.73% 14.21% 13.49% 12.74%
Production Ratio % 97.39% 96.16% 88.77% 89.43% 90.11%
Net Profit Margin % 1.92% 2.67% 7.23% 7.02% 6.35%
Return on Investment (ROI) % 3.57% 5.31% 9.91% 10.71% 10.32%
Return on Equity Ratio (ROE) % 2.40% 4.35% 18.63% 20.01% 17.82%
Return on Assets (ROA) % 0.93% 1.45% 4.94% 5.48% 4.77%