Financial Highlights

In billion Rupiah unless earnings per share*
Description 2020 2019 2018 2017 2016
Consolidated Statement Of Comprehensive Income
Net Sales 2,810.08 4,567.51 5,822.50 3,899.29 1,929.46
Cost of Sales (2,598.01) (4,102.33) (5,225.75) (3,435.52) (1,692.75)
Gross Profit 212.07 465.18 596.76 463.77 236.71
Operating Expenses (63.29) (70.99) (78.37) (56.37) (41.07)
Other income (88.35) (62.97) (86.22) (29.67) (15.79)
Gain (loss) of fair value of investment property - 66.48 - - -
Other expenses (2.02) (1.79) (38.46) (29.38) (25.12)
Financial expense (32.50) (20.39) (0.47) (15.37) (10.28)
Final tax expenses (84.96) (140.68) (173.43) (118.11) (57.80)
Profit from join venture 38.24 96.71 51.43 21.46 24.99
Foreign Exchange Gain (Loss) 0.36 (0.68) 1.09 - -
Profit Before Income Tax 156.25 456.80 444.78 295.68 143.23
Income tax expenses 0.10 (0.43) (0.28) 0.06 -
Profit for the Year 156.35 456.37 444.50 295.75 143.23
Other comprehensive income after tax
Item that Will Not Be Reclassified Subsequently to Profit or Loss
Actuarial Gain (Loss) of Defined Benefit Plan (0.84) (0.51) 24.96 (8.65) (2.71)
Gain on Share Market Value 215.49 - - - -
Total Item that Will Not Be Reclassified Subsequently to Profit or Loss (0.63) (0.51) 24.96 (8.65) (2.71)
Comprehensive income for the year 155.72 455.86 469.46 287.09 140.52
Income attributable to:
Equity holders of the parent entity 153.28 451.66 444.25 294.87 143.23
Income attributable to non-controlling interest 3.07 4.71 0.25 0.87 0.00
Comprehensive income attributable to parent entity owner:
Equity holders of the parent entity 152.77 451.15 469.10 286.22 140.52
Non controlling interest 2.95 4.71 0.36 0.00 0.00
Earnings per Share (Rupiah) 16.01 47.19 46.41 49.02 14.96
Consolidated Statement Of Financial Position
Current Assets 4,702.71 5,087.15 5,274.57 4,169.74 1,682.86
Non-current Assets 1,379.17 1,110.17 615.72 437.99 346.08
Total Assets 6,081.88 6,197.31 5,890.30 4,607.73 2,028.94
Current Liabilities 3,164.04 3,057.90 2,880.21 2,152.11 912.78
Non-Current Liabilities 722.94 680.01 873.26 731.87 470.91
Total Liabilities 3,886.98 3,739.91 3,753.47 2,883.99 1,383.69
Equity 2,194.90 2,459.40 2,136.83 1,723.74 645.25
Total Investment in Associates 127.15 126.17 1.17 0.54 0.54
Total investment in joint ventures 466.10 312.34 231.58 162.56 149.23
Consolidated Statement Of Cash Flows
Net cash provided by (used in) operating activities 101.48 139.27 878.80 636.51 (228.32)
Net cash provided by (used in) investing activities (275.47) (493.46) (134.17) (59.45) (221.64)
Net cash provided by (used in) financing activities 225.42 45.17 (678.55) 982.31 485.56
Increase (decrease) of cash and cash equivalents 51.43 (309.02) 66.08 1,559.37 35.60
Effect of foreign exchanges in cash and cash equivalents 0.35 (0.68) 1.09 - -
Beginning balance of cash and cash equivalents 1,456.21 1,765.91 1,698.74 139.36 103.76
Ending balance of cash and cash equivalents 1,507.10 1,456.21 1,765.91 1,698.74 139.36
Financial Performance & Growth Ratio
Profitability ratio (%)
Return on equity 7.12 18.56 20.80 17.16 22.20
Return on investment 21.10 16.03 24.26 23.63 30.32
Return on assets 2.57 7.36 7.55 6.42 7.06
Liquidity ratios (%)
Cash ratio 47.66 47.69 61.31 78.93 15.27
Current ratio 148.63 166.36 183.13 193.75 184.37
Quick ratio 136.73 154.58 172.76 178.78 143.67
Activity ratio
Collectibility (days) 61.98 69.74 61.39 88.33 77.60
Total assets turn over (x) 0.46 0.74 0.99 0.85 0.95
Working capital turnover (x) 1.83 2.25 2.43 1.93 2.51
Solvability Ratio (%)
Debt to Equity Ratio 1.77 1.52 1.76 1.67 2.14
Debt to Total Assets Ratio 0.64 0.60 0.64 0.63 0.68
Total Equity to Total Assets Ratio 0.36 0.40 0.36 0.37 0.32
Margin (%)
Gross profit margin 7.55 10.18 10.25 11.89 12.27
Operating profit margin 5.29 8.63 8.90 10.45 10.14
Net profit margin 5.56 9.99 7.63 7.58 7.42
Growth (%)
Net Sales (38.48) (21.55) 49.32 102.09 34.74
Gross Profit (54.41) (22.05) 28.67 95.92 45.51
Operating Income (62.26) 0.00 27.24 108.24 44.03
Net Income (65.74) 2.67 50.30 106.49 32.54
Income attibutable to equity holders of the parent entity (66.06) 1.67 50.66 105.88 32.54
Equity (10.75) 15.10 23.96 167.14 124.71
Total Assets (1.86) 5.21 27.84 127.10 50.26