Financial Highlights

In billion Rupiah
Description 2021 2020 2019 2018 2017
Consolidated Statement Of Comprehensive Income
Net sales 3,168.20 2,810.08 4,567.51 5,822.50 3,899.29
Cost of revenue (2,897.72) (2,598.01) (4,102.33) (5,225.75) (3,435.52)
Gross profit 270.48 212.07 465.18 596.76 463.77
Operating expenses (58.27) (63.29) (70.99) (78.37) (56.37)
Other income 84.48 88.35 62.97 86.22 29.67
Gain of fair value of investment property 0.00 0.00 0.00 0.00 0.00
Other expenses (3.24) (2.02) (1.79) (38.46) (29.38)
Financial expenses (63.52) (32.50) (20.39) (0.47) (15.37)
Final income tax expenses (96.75) (84.96) (140.68) (173.43) (118.11)
Profit from join venture 83.05 38.24 96.71 51.43 21.46
Foreign exchange gain (loss) 0.25 0.36 (0.68) 1.09 0.09
Profit before income tax 216.48 156.25 456.80 444.78 295.68
Income tax benefit (expenses) (0.09) 0.10 (0.44) (0.28) 0.07
Profit for the year 216.39 156.35 456.37 444.50 295.75
Other comprehensive income after tax
Item that will not be reclassified subsequently to profit or loss
Remeasurement on defined benefit program 1.02 (0.84) (0.51) 24.96 (8.65)
Gain on share market value 0.00 0.22 0.00 0.00 0.00
Total item that will not be reclassified subsequently to profit or loss 1.02 (0.63) (0.51) 24.96 (8.65)
Total comprehensive income for the year 217.41 155.72 455.86 469.46 287.09
Income for the year attributable to:
Equity holders of the parent entity 213.88 153.28 451.66 444.25 294.87
Non controlling interest 2.51 3.07 4.71 0.25 0.87
Total 216.39 156.35 456.37 444.50 295.75
Comprehensive income attributable to parent entity owner:
Equity holders of the parent entity 214.91 152.77 451.15 469.10 286.22
Non controlling interest 2.51 2.95 4.71 0.36 0.87
Total 217.41 155.72 455.86 469.46 287.09
Earnings per share (in full Rupiah) 22.34 16.01 47.19 46.41 49.02
Consolidated Statement of Financial Position
Current assets 4,456.58 4,702.71 5,087.15 5,274.57 4,169.74
Non-current assets 1,517.42 1,379.17 1,110.17 615.72 437.99
Total assets 5,974.00 6,081.88 6,197.31 5,890.30 4,607.73
Current liabilities 3,062.98 3,164.04 3,057.90 2,880.21 2,152.11
Non-current liabilities 529.43 722.94 680.01 873.26 731.87
Total liabilities 3,592.41 3,886.98 3,737.91 3,753.47 2,883.99
Equity 2,381.59 2,194.90 2,459.40 2,136.83 1,723.74
Total investment in associates 127.30 127.15 126.17 1.17 0.54
Total investment in joint ventures 512.81 466.10 312.34 231.58 162.56
Consolidated Statement of Cash Flows
Net cash provided by operating activities 103.33 104.61 130.74 878.80 636.37
Net cash used in investing activities (97.36) (2,525.48) (466.31) (134.17) (59.45)
Net cash provided by (used in) financing activities (46.34) 199.30 26.56 (678.55) 982.31
Increase (decrease) of cash and cash equivalents (40.37) 51.43 (309.02) 66.08 1,559.24
Effect of foreign exchanges in cash and cash equivalents 0.25 0.36 (0.68) 1.09 0.13
Balance of cash and cash equivalents at the beginning of the year 1,508.00 1,456.21 1,765.91 1,698.74 139.36
Balance of cash and cash equivalents at the end of the year 1,467.87 1,508.00 1,456.21 1,765.91 1,698.74
Financial Performance & Growth Ratio
Liquidity ratios (%)
Cash ratio 47.92 47.66 47.62 61.31 78.93
Quick ratio 134.94 136.73 154.58 172.76 178.78
Current ratio 145.50 148.63 166.36 183.13 193.75
Solvability ratio (times)
Debt to equity ratio 1.51 1.77 1.52 1.76 1.67
Debt to total assets ratio 0.60 0.64 0.60 0.64 0.63
Gearing ratio 0.22 0.23 0.07 0.00 0.36
Total equity to total assets ratio 0.40 0.36 0.40 0.36 0.37
Activity ratio
Collection period (days) 65.05 83.79 69.74 61.39 88.33
Inventory turnover (days) 37.26 48.91 28.78 18.73 30.16
Total assets turn over (times) 0.53 0.46 0.74 0.99 0.85
Working capital turnover (times) 2.27 1.83 2.25 2.43 1.93
Profitability ratio (%)
Return on equity 9.09 7.12 18.56 20.80 17.16
Return on assets 3.62 2.57 7.36 7.55 6.42
Return on investment 14.49 10.23 16.05 24.30 23.71
Margin (%)
Gross profit margin 8.54 7.55 10.18 10.25 11.89
Operating profit margin 6.70 5.29 8.63 8.90 10.45
Net profit margin 6.83 5.56 9.99 7.63 7.58
Growth (%)
Revenue 12.74 (38.48) (21.55) 49.32 102.09
Gross profit 27.54 (54.41) (22.05) 28.67 95.92
Operating income 42.63 (62.26) 0.00 27.24 108.24
Net income 38.40 (65.74) 2.67 50.30 106.49
Income attibutable to equity holders of the parent entity 39.53 (66.06) 1.67 50.66 105.88
Total assets (1.77) (1.86) 5.21 27.84 127.10
Equity 8.51 (10.75) 15.10 23.96 167.14