Financial Highlights

In billion Rupiah
Description 2023 2022 2021 2020 2019
Consolidated Statement Of Comprehensive Income
Revenue 3,979.71 2,366.26 3,168.20 2,810.08 4,567.51
Cost of revenues (3,676.50) (2,138.21) (2,897.72) (2,598.01) (4,102.33)
Gross profit 303.22 228.05 270.48 212.07 465.18
Operating expenses (73.67) (60.93) (58.27) (63.29) (70.99)
Other income 123.38 277.99 231.87 88.35 62.97
Other expenses (120.75) (175.54) (150.63) (2.02) (1.79)
Financial expenses (66.40) (56.46) (63.52) (32.50) (20.39)
Final income tax expenses (114.63) (66.43) (96.75) (84.96) (140.68)
Share in Profit (Loss) on Associate (14.62) 1.39 0.00 0.00 0.00
Profit from join venture 10.77 80.73 83.05 38.24 96.71
Foreign exchange gain (0.78) 1.46 0.25 0.36 (0.68)
Profit before income tax 46.50 230.26 216.48 156.25 456.80
Income tax benefit (expenses) 0.00 0.00 (0.09) 0.10 (0.44)
Profit for the year 46.50 230.26 216.39 156.35 456.37
Other comprehensive income after tax (4.60) 1.89 1.02 (0.63) (0.51)
Total Comprehensive income for the year 41.90 232.15 217.41 155.72 455.86
Income for The Year Attributable to Equity Holders of the Parent Entity 46.70 230.06 213.88 153.28 451.66
Income for The Year Attributable to Non-Controlling Interests (0.20) 0.20 2.51 3.07 4.71
Total 46.50 230.26 216.39 156.35 456.37
Total Comprehensive Income Attributable to Equity Holders of the Parent Entity 42.11 231.95 214.90 152.77 451.15
Total Comprehensive Income Attributable to Non-Controlling Interests (0.20) 0.20 2.51 2.95 4.71
Total 41.90 232.15 217.41 155.72 455.86
Net Income Per Share (in full Rupiah) 4.88 24.03 22.34 16.01 47.19
Consolidated Statement of Financial Position
Current assets 4,261.07 3,979.83 4,456.58 4,702.71 5,087.15
Non-current assets 1,300.46 1,444.59 1,517.42 1,379.17 1,110.17
Total assets 5,561.53 5,424.43 5,974.00 6,081.88 6,197.31
Total Current liabilities 2,205.58 2,007.72 3,062.98 3,164.04 3,057.90
Total Non-current liabilities 797.21 876.70 529.43 722.94 680.01
Total Liabilities 3,002.79 2,884.42 3,592.41 3,886.98 3,739.91
Total Equities 2,558.75 2,540.01 2,381.59 2,194.90 2,459.40
Total Liabilities and Equities 5,561.53 5,424.43 5,974.00 6,081.88 6,197.31
Consolidated Statement of Cash Flows
Net Cash Flows Provided by (Used in) Operating Activities 567.74 (597.87) 103.33 104.61 130.74
Net Cash Flows Provided by (Used in) Investing Activities 18.08 81.29 (97.36) (252.48) (466.31)
Net Cash Flows Provided by (Used in) Financing Activities (464.95) (36.40) (46.34) 199.30 26.56
Net (Decrease) Increase in Cash and Cash Equivalents 120.87 (552.99) (40.37) 51.43 (309.02)
Effect of Foreign Exchange Rate Changes in Cash and Cash Equivalents (0.78) 1.46 0.25 0.36 (0.68)
Balance of Cash and Cash Equivalents at Beginning of Year 916.34 1,467.87 1,508.00 1,456.21 1,765.91
Balance of Cash and Cash Equivalents at The End of Year 1,036.43 916.34 1,467.87 1,508.00 1,456.21
Financial Ratios
Liquidity Ratios (%)
Cash ratio 46.99 45.64 47.92 47.66 47.62
Quick ratio 174.99 179.75 134.94 136.73 154.58
Current ratio* 193.20 198.23 145.50 148.63 166.36
Solvability ratio (times)
Debt to equity ratio* 1.17 1.14 1.51 1.77 1.52
Debt to total assets ratio 0.54 0.53 0.60 0.64 0.60
Gearing ratio 0.09 0.24 0.22 0.23 0.07
Debt to EBITDA 0.86 1.64 1.42 1.85 0.34
EBITDA to Interest* 3.93 6.49 5.93 8.56 25.86
Total equity to total assets ratio* 0.46 0.47 0.40 0.36 0.40
Activity ratio
Collection period (days) 63.83 83.15 65.05 83.79 69.74
Total assets turnover (times) 0.72 0.44 0.53 0.46 0.74
Working capital turnover (times) 1.94 1.20 2.27 1.83 2.25
Profitability ratio (%)
Return on equity 1.82 9.07 9.09 7.12 18.56
Return on assets 0.84 4.24 3.62 2.57 7.36
Return on investment 2.45 6.60 3.85 2.73 6.90
Margin (%)
Gross profit margin 7.62 9.64 8.54 7.55 10.18
Operating profit margin 5.77 7.06 6.70 5.29 8.63
Net profit margin 1.17 9.73 6.83 5.56 9.99
*Financial ratios that must be maintained by the company (loan covenants), each as a current ratio (at least 100%); EBITDA to interest (at least 2 times);