PT. INDO-RAMA SYNTHETICS Tbk DAN ENTITAS ANAK/ AND ITS SUBSIDIARIES LAPORAN KEUANGAN KONSOLIDASIAN/ CONSOLIDATED FINANCIAL STATEMENTS UNTUK PERIODE YANG BERAKHIR TANGGAL 31 MARET 2017 (TIDAK DIAUDIT) DAN UNTUK TAHUN YANG BERAKHIR TANGGAL 31 DESEMBER 2016 (DIAUDIT) SERTA PERIODE YANG BERAKHIR TANGGAL 31 MARET 2016 (TIDAK DIAUDIT) FOR THE PERIOD ENDED MARCH 31, 2017 (UNAUDITED) AND THE YEAR ENDED DECEMBER 31, 2016 (AUDITED) AND THE PERIOD ENDED MARCH 31, 2016 (UNAUDITED)
PT. INDO-RAMA SYNTHETICS Tbk DAN ENTITAS ANAK DAFTAR ISI PT. INDO-RAMA SYNTHETICS Tbk AND ITS SUBSIDIARIES TABLE OF CONTENTS Halaman/ Pages SURAT PERNYATAAN DIREKSI LAPORAN KEUANGAN KONSOLIDASIAN - Pada tanggal 31 Maret 2017 (Tidak Diaudit) dan 31 Desember 2016 (Diaudit) serta tanggal 31 Maret 2016 (Tidak Diaudit) DIRECTORS STATEMENT LETTER CONSOLIDATED FINANCIAL STATEMENTS - As of March 31, 2017 (Unaudited) and December 31, 2016 (Audited) and March 31, 2016 (Unaudited) Laporan Posisi Keuangan Konsolidasian 1 Consolidated Statements of Financial Position Laporan Laba Rugi Komprehensif Konsolidasian 3 Consolidated Statements of Comprehensive Income Laporan Perubahan Ekuitas Konsolidasian 4 Consolidated Statements of Changes in Equity Laporan Arus Kas Konsolidasian 5 Consolidated Statements of Cash Flows Catatan atas Laporan Keuangan Konsolidasian 6 Notes to Consolidated Financial Statements
PT. INDO-RAMA SYNTHETICS Tbk DAN ENTITAS ANAK PT. INDO-RAMA SYNTHETICS Tbk AND ITS SUBSIDIARIES LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION 31 MARET 2017 DAN 31 DESEMBER 2016 MARCH 31, 2017 AND DECEMBER 31, 2016 31 Maret/ 31 Desember/ Catatan/ March 31, December 31, Notes 2017 2016 US$ US$ ASET ASSETS ASET LANCAR CURRENT ASSETS Kas dan setara kas 5 30,569,995 19,825,449 Cash and cash equivalents Aset keuangan lainnya 6,42 204,877 6,130,144 Other financial assets Piutang usaha 7 Trade accounts receivable Pihak berelasi 39 15,197,662 11,919,260 Related parties Pihak ketiga 97,256,821 83,823,361 Third parties Piutang lain-lain 8 Other accounts receivable Pihak berelasi 39 14,406 10,361 Related parties Pihak ketiga 1,673,928 1,285,386 Third parties Persediaan 9 147,108,220 128,017,771 Inventories Uang muka pembelian 10 7,877,390 4,190,740 Purchase advances Pajak dibayar dimuka 11,36 23,334,194 37,230,854 Prepaid taxes Biaya dibayar dimuka 12 1,484,607 1,799,650 Prepaid expenses Jumlah Aset Lancar 324,722,100 294,232,976 Total Current Assets ASET TIDAK LANCAR NONCURRENT ASSETS Investasi pada entitas asosiasi 13 55,992,249 52,702,292 Investments in associates Property, plant and equipment - Aset tetap - setelah dikurangi akumulasi net of accumulated depreciation of penyusutan US$ 650.918.814 pada US$ 650,918,814 at March 31, 31 Maret 2017 dan US$ 640.680.153 2017 and US$ 640,680,153 pada 31 Desember 2016 14 490,002,234 496,129,545 at December 31, 2016 Advances for purchases of property, Uang muka pembelian aset tetap 15 722,730 1,221,247 plant and equipment Uang jaminan 16 2,243,386 2,282,425 Guarantee deposits Jumlah Aset Tidak Lancar 548,960,599 552,335,509 Total Noncurrent Assets JUMLAH ASET 873,682,699 846,568,485 TOTAL ASSETS Lihat catatan atas laporan keuangan konsolidasian yang merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian. See accompanying notes to consolidated financial statements which are an integral part of the consolidated financial statements. 1
PT. INDO-RAMA SYNTHETICS Tbk DAN ENTITAS ANAK PT. INDO-RAMA SYNTHETICS Tbk AND ITS SUBSIDIARIES LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION 31 MARET 2017 DAN 31 DESEMBER 2016 - Lanjutan MARCH 31, 2017 AND DECEMBER 31, 2016 - Continued 31 Maret/ 31 Desember/ Catatan/ March 31, December 31, Notes 2017 2016 US$ US$ LIABILITAS DAN EKUITAS LIABILITAS JANGKA PENDEK LIABILITIES AND EQUITY CURRENT LIABILITIES Utang usaha 17 Trade accounts payable Pihak berelasi 39 28,163,336 21,769,457 Related parties Pihak ketiga 213,237,325 177,837,684 Third parties Utang lain-lain 18 Other accounts payable Pihak berelasi 39 2,360 29,845 Related parties Pihak ketiga 2,605,827 3,269,383 Third parties Utang pajak 19,36 925,831 826,837 Taxes payable Biaya masih harus dibayar 20 9,445,955 9,351,092 Accrued expenses Utang bank jangka pendek 21 28,565,597 28,998,291 Short-term bank loans Utang jangka panjang yang Current maturities of long-term jatuh tempo dalam satu tahun liabilities Bank 21 9,865,661 9,865,661 Bank Sewa pembiayaan 22 1,649,023 2,196,317 Finance lease Liabilitas derivatif 42 1,298,339 218,535 Derivative liabilities Jumlah Liabilitas Jangka Pendek 295,759,254 254,363,102 Total Current Liabilities LIABILITAS JANGKA PANJANG NONCURRENT LIABILITIES Utang jangka panjang - setelah dikurangi bagian yang jatuh tempo Long-term liabilities - net of current dalam satu tahun maturities Bank 21 247,767,360 265,132,866 Bank Sewa pembiayaan 22 11,294 10,035 Finance lease Pendapatan ditangguhkan 23 1,086,159 1,106,992 Deferred revenue Liabilitas pajak tangguhan - bersih 36 11,942,367 11,303,001 Deferred tax liabilities - net Liabilitas imbalan pasca kerja 38 16,207,974 15,355,296 Employee benefits obligations Jumlah Liabilitas Jangka Panjang 277,015,154 292,908,190 Total Noncurrent Liabilities Jumlah Liabilitas 572,774,408 547,271,292 Total Liabilities EKUITAS EQUITY Modal saham - nilai nominal Rp 500 Capital stock - Rp 500 par value per saham per share Modal dasar - 1.000.000.000 saham Authorized - 1,000,000,000 shares Modal ditempatkan dan disetor Subscribed, issued and paid-up - 654.351.707 saham 24 160,217,573 160,217,573 654,351,707 shares Tambahan modal disetor 25 (14,713,079) (14,713,079) Additional paid-in capital Komponen ekuitas lainnya 26 15,850,428 15,850,428 Other components of equity Penghasilan komprehensif lain 27 (267,702) (267,702) Other comprehensive income Saldo laba Retained earnings Ditentukan penggunaannya 37 17,475 17,475 Appropriated Tidak ditentukan penggunaannya 135,488,426 133,947,735 Unappropriated Selisih transaksi ekuitas dengan Difference in value of equity transaction pihak nonpengendali 1c 276,698 276,698 with non-controlling interest Ekuitas yang diatribusikan kepada Equity attributable to owners pemilik Perusahaan 296,869,819 295,329,128 of the Company Kepentingan nonpengendali 28 4,038,472 3,968,065 Non-controlling interests Jumlah Ekuitas 300,908,291 299,297,193 Total Equity JUMLAH LIABILITAS DAN EKUITAS 873,682,699 846,568,485 TOTAL LIABILITIES AND EQUITY Lihat catatan atas laporan keuangan konsolidasian yang merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian. See accompanying notes to consolidated financial statements which are an integral part of the consolidated financial statements. 2
PT. INDO-RAMA SYNTHETICS Tbk DAN ENTITAS ANAK PT. INDO-RAMA SYNTHETICS Tbk AND ITS SUBSIDIARIES LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND LAIN KONSOLIDASIAN OTHER COMPREHENSIVE INCOME UNTUK PERIODE-PERIODE YANG BERAKHIR 31 MARET 2017 DAN FOR THE PERIODS ENDED MARCH 31, 2017 AND 31 MARET 2016 MARCH 31, 2016 31 Maret/ 31 Maret/ March 31 Catatan/ March 31 2017 Notes 2016 US$ US$ PENJUALAN BERSIH 197,405,578 29,39,41 167,039,720 NET SALES BEBAN POKOK PENJUALAN 177,612,300 30 152,199,584 COST OF GOODS SOLD LABA KOTOR 19,793,278 14,840,136 GROSS PROFIT Beban penjualan (7,779,815) 31 (7,021,110) Selling expenses Beban umum dan administrasi (3,136,579) 32 (3,256,739) General and administrative expenses Bagian rugi bersih entitas asosiasi (2,710,043) 13 (1,473,650) Equity in net loss of associates (Kerugian) / keuntungan kurs mata uang asing - bersih (1,832,360) 42 292,972 (Loss) / profit on foreign exchange - net Beban keuangan (2,442,984) 33 (2,870,974) Finance cost Penghasilan investasi 86,333 34 27,954 Investment income Keuntungan / (kerugian) lain-lain - bersih 272,634 35 (289,418) Other gains / (losses) - net LABA SEBELUM PAJAK 2,250,464 249,171 INCOME BEFORE TAX (BEBAN) PAJAK - BERSIH (639,366) 36 (165,058) INCOME TAX (EXPENSE) - NET LABA TAHUN BERJALAN 1,611,098 84,113 INCOME FOR THE YEAR Pendapatan Komprehensif Lain - - Other Comprehensive Income JUMLAH LABA KOMPREHENSIF TOTAL COMPREHENSIVE INCOME TAHUN BERJALAN 1,611,098 84,113 FOR THE YEAR LABA YANG DAPAT DIATRIBUSIKAN KEPADA: PROFIT ATTRIBUTABLE TO: Pemilik Entitas Induk 1,540,691 (11,301) Owners of the Company Kepentingan Nonpengendali 70,407 28 95,414 Non-controlling interests Laba bersih tahun berjalan 1,611,098 84,113 Net income for the year JUMLAH LABA KOMPREHENSIF TOTAL COMPREHENSIVE INCOME YANG DAPAT DIATRIBUSIKAN KEPADA: ATTRIBUTABLE TO : Pemilik Entitas Induk 1,540,691 (11,301) Owners of the Company Kepentingan Nonpengendali 70,407 95,414 Non-controlling interests Jumlah Laba Komprehensif 1,611,098 84,113 Total comprehensive income Laba Per Saham Dasar 0.0094 43 (0.0001) Basic Earnings Per Share Lihat catatan atas laporan keuangan konsolidasian yang merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian. See accompanying notes to consolidated financial statements which are an integral part of the consolidated financial statements. 3
PT. INDO-RAMA SYNTHETICS Tbk DAN ENTITAS ANAK PT. INDO-RAMA SYNTHETICS Tbk AND ITS SUBSIDIARIES LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY UNTUK PERIODE-PERIODE YANG BERAKHIR 31 MARET 2017 DAN 31 MARET 2016 FOR THE PERIODS ENDED MARCH 31, 2017 AND MARCH 31, 2016 Penghasilan komprehensif lain/ Other comprehensive income Selisih transaksi Bagian atas ekuitas dengan revaluasi pihak non aset entitas Pengukuran kembali pengendali/ Diatribusikan Tambahan modal Ekuitas asosiasi/ atas program Difference kepada pemilik disetor/ penggabungan Komponen ekuitas Share in the imbalan pasti/ Saldo Laba/Retained Earnings in value of equity Perusahaan/ Kepentingan Non Modal Disetor/ Additional usaha/ lainnya/ revaluation Remeasurement of Ditentukan Tidak Ditentukan transaction with Equity attributable Pengendali/ Catatan/ Paid-up Paid-in Merging entity Other component of of assets of defined benefit Penggunaannya/ Penggunaannya/ non-controlling to owners of Non-controlling Jumlah Ekuitas/ Notes Capital Capital equity equity an associate obligation Appropriated Unappropriated interest the Company interest Total Equity US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ Saldo per 1 Januari 2016 160,217,573 (14,713,079) - 13,627,071 3,519,821 (2,565,329) 16,475 132,628,730 (463,040) 292,268,222 4,571,066 296,839,288 Balance as of January 1, 2016 Laba bersih tahun berjalan 28 - - - - - - - (11,301) - (11,301) 95,414 84,113 Profit for the year Saldo per 31 Maret 2016 160,217,573 (14,713,079) - 13,627,071 3,519,821 (2,565,329) 16,475 132,617,429 (463,040) 292,256,921 4,666,480 296,923,401 Balance as of March 31, 2016 Saldo per 1 Januari 2017 160,217,573 (14,713,079) - 15,850,428 3,519,821 (3,787,523) 17,475 133,947,735 276,698 295,329,128 3,968,065 299,297,193 Balance as of January 1, 2017 Laba bersih tahun berjalan 28 1,540,691 1,540,691 70,407 1,611,098 Profit for the year Saldo per 31 Maret 2017 160,217,573 (14,713,079) - 15,850,428 3,519,821 (3,787,523) 17,475 135,488,426 276,698 296,869,819 4,038,472 300,908,291 Balance as of March 31, 2017 Lihat catatan atas laporan keuangan konsolidasian yang merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian. See accompanying notes to consolidated financial statements which are an integral part of the consolidated financial statements. 4
PT. INDO-RAMA SYNTHETICS Tbk DAN ENTITAS ANAK PT. INDO-RAMA SYNTHETICS Tbk AND ITS SUBSIDIARIES LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CASH FLOWS UNTUK PERIODE-PERIODE YANG BERAKHIR FOR THE PERIODS ENDED 31 MARET 2017 DAN 31 MARET 2016 MARCH 31, 2017 AND MARCH 31, 2016 31 Maret/ 31 Maret/ March 31 March 31 2017 2016 US$ US$ ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES Penerimaan kas dari pelanggan 180,693,716 177,535,197 Cash received from customers Pembayaran kas kepada Cash paid to: Pemasok, pemasok jasa dan lain-lain (138,126,122) (117,236,294) Suppliers, service vendors and others Direksi dan karyawan (15,381,564) (13,814,523) Directors and employees Kas dihasilkan dari operasi 27,186,030 46,484,380 Cash generated from operations Pengembalian / (Pembayaran) pajak 14,017,855 (9,755,279) Taxes refund / (paid) Lain-lain - bersih 441,176 (1,450,310) Others - net Kas Bersih (Digunakan untuk) Diperoleh dari Net Cash (Used in) Provided by Operating Aktivitas Operasi 41,645,061 35,278,791 Activities ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES Perolehan aset tetap (3,999,311) (46,100,037) Acquisitions of property, plant and equipment Tambahan investasi pada entitas asosias (6,000,000) (8,283,630) Additional investment in an associate Hasil penjualan aset tetap 39,584 259,111 Proceeds from sale of property, plant and equipmen Penerimaan bersih investasi sementara - (74,631) Proceeds from temporary investments Penerimaan bunga 85,465 23,530 Interest received Kas Bersih Digunakan untuk Aktivitas Investas (9,874,262) (54,175,657) Net Cash Used in Investing Activities ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES Penerimaan pinjaman jangka panjang 14,500,000 13,000,000 Proceeds from long-term loans Pembayaran utang jangka panjang (31,962,051) (9,853,143) Payments of long term loan Penerimaan pinjaman jangka pendek 18,666,500 21,341,127 Proceeds from short-term loans Pembayaran utang jangka pendek (19,099,194) (10,281,837) Payments of short term loan Pembayaran utang sewa (549,510) (549,531) Payments of lease liabilities Pembayaran bunga (2,682,018) (3,085,101) Interest paid Kas Bersih (digunakan) Diperoleh dari Aktivitas Pendanaan (21,126,273) 10,571,515 Net Cash (used in) Provided by Financing Activities KENAIKAN / (PENURUNAN) BERSIH KAS DAN NET INCREASE / (DECREASE) IN CASH AND SETARA KAS 10,644,526 (8,325,351) CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT BEGINNING KAS DAN SETARA KAS AWAL TAHUN 19,825,449 25,884,307 OF YEAR Pengaruh perubahan kurs valuta asing 100,020 27,173 Effect of foreign exchange rate change KAS DAN SETARA KAS AKHIR TAHUN 30,569,995 17,586,129 CASH AND CASH EQUIVALENTS AT END OF YEAR Lihat catatan atas laporan keuangan konsolidasian yang merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian. See accompanying notes to consolidated financial statements which are an integral part of the consolidated financial statements. 5