Professional Documents
Culture Documents
CONSOLIDATED STATEMENT OF
FINANCIAL POSITION
AS AT DECEMBER 31, 2011 AND 2010
(Expressed in millions of Rupiah,
unless otherwise stated)
2011
Catatan/
Notes
2010
ASET
Aset lancar
Kas dan setara kas
Piutang usaha
- Pihak ketiga - bersih
- Pihak-pihak berelasi
Piutang lainnya
- Pihak ketiga
- Pihak-pihak berelasi
Persediaan - bersih
Pajak dibayar di muka
Uang muka pembelian tembakau
Beban dibayar di muka dan
aset lainnya
Jumlah aset lancar
ASSETS
2,070,123
823,248
68,165
4
5
224,834
Current assets
Cash and cash equivalents
Trade receivables
Third parties - net Related parties Other receivables
Third parties Related parties Inventories - net
Prepaid taxes
Advance for purchase
of tobacco
Prepaid expenses and
other assets
15,768,558
3,209,559
821,727
34,723
20
50,158
151,335
8,913,348
511,105
20
6
29,243
114,589
9,802,455
435,570
2,058,317
22
1,095,858
205,661
14,851,460
22,177
12,161
3,850,665
173,519
94,237
60,423
323,862
4,087,338
175,265
42,537
237,320
201,944
Non-current assets
Investment in associate
Fixed assets
- net of accumulated
depreciation of Rp2,680,952
in 2011 (2010: Rp2,307,638)
Land for development
Deferred tax assets
Goodwill
Other assets - net
4,524,883
4,756,565
19,376,343
20,525,123
TOTAL ASSETS
JUMLAH ASET
12
9,22
1/1
Page
CONSOLIDATED STATEMENT OF
FINANCIAL POSITION
AS AT DECEMBER 31, 2011 AND 2010
(Expressed in millions of Rupiah,
unless otherwise stated)
Catatan/
Notes
2011
2010*
LIABILITAS
LIABILITIES
1,273,856
664,249
1,471,749
4,464,140
585,742
30,161
42,234
Current liabilities
Trade and other payables
Third parties Related parties Dividends payable
Taxes payable
Excise tax payable
Accruals and provisions
Obligations under finance
leases - current
8,489,897
9,778,942
10
583,686
490,831
3,988,530
1,073,346
3,126,171
474,144
20
19
12
13
11
582,846
5,549
50,043
46,219
44,928
41,807
Non-current liabilities
Post-employment
benefit obligations
Deferred tax liabilities
Obligations under finance
leases - long-term
Deferred revenue
684,657
530,729
9,174,554
10,309,671
Total liabilities
Jumlah liabilitas
18
12
432,642
11,352
EKUITAS
Ekuitas yang dapat diatribusikan
kepada pemilik entitas induk
Modal saham
Modal dasar - 6.300.000.000
saham biasa dengan
nilai nominal Rp100
(Rupiah penuh) per saham
Modal ditempatkan dan disetor
penuh - 4.383.000.000
saham biasa
Tambahan modal disetor
Selisih kurs karena penjabaran
laporan keuangan
Ekuitas lainnya
Saldo laba
- Dicadangkan
- Belum dicadangkan
EQUITY
438,300
42,077
14
616,400
(29,721)
90,000
9,044,733
10,201,789
10,214,464
988
Non-controlling interest
Jumlah ekuitas
10,201,789
10,215,452
Total equity
19,376,343
20,525,123
Kepentingan nonpengendali
1/2
Page
CONSOLIDATED STATEMENT OF
COMPREHENSIVE INCOME
FOR THE YEARS ENDED
DECEMBER 31, 2011 AND 2010
(Expressed in millions of Rupiah,
except basic earnings per share)
2011
Penjualan bersih
Beban pokok penjualan
52,856,708
Catatan/
Notes
15,20
(37,661,205) 8,15,16,20
2010
43,381,658
Net revenues
(30,725,665)
Cost of sales
12,655,993
Gross profit
Laba kotor
15,195,503
Beban penjualan
(3,562,619)
8,16
(3,145,057)
(1,015,497)
385,362
(203,805)
123,794
(21,673)
8,16
22
22
20
17 ,20
(799,802)
30,415
(37,847)
79,368
(36,762)
10,911,082
10,017
Selling expenses
General and administrative
expenses
Other income
Other expenses
Finance income
Finance costs
1,921
8,748,229
2,904,159
(57,503)
2,312,601
12,880
8,064,426
6,422,748
12
(13,369)
8,051,057
6,438,242
TOTAL COMPREHENSIVE
INCOME FOR THE YEAR
Page
CONSOLIDATED STATEMENT OF
COMPREHENSIVE INCOME
FOR THE YEARS ENDED
DECEMBER 31, 2011 AND 2010
(Expressed in millions of Rupiah,
except basic earnings per share)
2011
Laba/(rugi) yang
diatribusikan kepada:
Pemilik entitas induk
Kepentingan nonpengendali
Jumlah pendapatan/(rugi)
komprehensif yang
diatribusikan kepada:
Pemilik entitas induk
Kepentingan nonpengendali
Catatan/
Notes
2010
8,065,414
(988)
6,421,429
1,319
8,064,426
6,422,748
8,052,045
(988)
6,436,923
1,319
8,051,057
6,438,242
Total comprehensive
income/(loss)
attributable to:
Owners of the parent
Non-controlling interest
1,840
Page
Catatan/
Notes
19
19
Tambahan
modal
disetor/
Additional
paid-in
capital
Modal
saham/
Share
capital
Selisih kurs
karena
penjabaran
laporan
keuangan/
Cumulative
translation
adjustments
Ekuitas lainnya/
Other reserve*
438,300
42,077
9,306,685
90,000
614,275
6,421,429
15,494
(6,684,075)
438,300
42,077
9,044,039
90,000
629,769
8,065,414
(8,064,720)
438,300
42,077
9,044,733
90,000
616,400
(13,369)
Jumlah/
Total
(29,721) 10,461,616
Kepentingan
nonpengendali/
Noncontrolling
interest *
Total ekuitas/
Total equity
4,309
10,465,925
6,436,923
1,319
6,438,242
(6,684,075)
(4,640)
(6,688,715)
Dividends
(29,721) 10,214,464
-
8,052,045
(8,064,720)
(29,721) 10,201,789
988
10,215,452
(988)
8,051,057
(8,064,720)
Dividends
10,201,789
Page
2011
2010
57,367,765
46,634,594
(19,123,119)
(27,262,394)
(21,247)
123,794
3,471
(17,683,260)
(21,939,325)
(32,587)
79,368
1,185
11,088,270
7,059,975
30,642
58,228
(443,946)
(397,286)
(96,576)
(291,072)
297,234
50,136
-
22
8
17,344
23,363
-
104,690
3,413,132
(38,734)
(3,507,134)
(61,614)
(60,109)
(29,940)
(12,053,250)
(3,352,995)
(2,400)
(12,131,130)
(3,433,861)
3,209,559
2,070,123
40,426
(125,483)
4
9,600
3,209,559
18,787
Non-cash transactions
Acquisition of fixed assets
using finance leases
Purchase of shares of
non-controlling interests
Net (decrease)/increase in
3,335,042 cash and cash equivalents
(1,139,436)
19
Page
INFORMASI UMUM
1.
GENERAL INFORMATION
PT
Hanjaya
Mandala
Sampoerna
Tbk.
(Perusahaan) didirikan di Indonesia pada tanggal
19 Oktober 1963 berdasarkan Akta Notaris Anwar
Mahajudin, S.H., No. 69. Akta Pendirian Perusahaan
disahkan oleh Menteri Kehakiman Republik
Indonesia dalam Surat Keputusan No. J.A.5/59/15
tanggal 30 April 1964 serta diumumkan dalam
Lembaran Berita Negara Republik Indonesia No. 94
tanggal 24 Nopember 19 64, Tambahan No. 357.
Anggaran Dasar Perusahaan telah mengalami
beberapa kali perubahan, terakhir dengan Akta
Notaris Sutjipto, S.H., yang dibuat di hadapan Notaris
Pengganti Aulia Taufani, S.H., No. 107 tanggal 15
Desember 2009 dalam rangka menyesuaikan dengan
peraturan Badan Pengawas Pasar Modal dan Lembaga
Keuangan (BAPEPAM-LK). Perubahan Anggaran
Dasar ini sudah memperoleh persetujuan dari
Menteri Hukum dan Hak Asasi Manusia Republik
Indonesia dengan Surat Keputusan No. AHU0006503.AH.01.09.Tahun 2010 tanggal 26 Januari
2010.
Pada
tahun
1990,
Perusahaan
melakukan
penawaran umum saham sebanyak 27.000.000
lembar dengan nilai nominal sebesar Rp1.000
(Rupiah penuh) per saham melalui Bursa Efek
Indonesia dengan harga penawaran sebesar
Rp12.600 (Rupiah penuh) per saham. Sejak saat itu,
Perusahaan telah melaksanakan transaksi-transaksi
yang berkaitan dengan modal saham sebagai berikut:
Halaman 5/1
Page
Tahun/
Year
1994
1996
1999
2001
2002
2004
1.
Keterangan/
Description
Penerbitan saham bonus, setiap pemegang dua saham lama menerima tiga
saham baru/
Issue of bonus shares, whereby each shareholder holding two shares is
entitled to receive three new shares
450,000,000
Perubahan nilai nominal saham dari Rp1.000 (Rupiah penuh) per saham
menjadi Rp500 (Rupiah penuh) per saham/
Change in par value per share from Rp1,000 (full Rupiah) per share to Rp500
(full Rupiah) per share
900,000,000
928,000,000
Perubahan nilai nominal saham dari Rp500 (Rupiah penuh) per saham
menjadi Rp100 (Rupiah penuh) per saham/
Change in par value per share from Rp500 (full Rupiah) per share to Rp100
(full Rupiah) per share
4,640,000,000
4,500,000,000
4,391,869,500
4,383,000,000
Halaman 5/2
Page
1.
2011
Komisaris:
Presiden Komisaris
Wakil Presiden Komisaris
Komisaris
Direksi:
Presiden Direktur
Direktur
2010
John Gledhill
Yos Adiguna Ginting (***)
Mark Ingo Niehaus (*)
Wayan Mertasana Tantra
Shea Lih Goh
John Gledhill
Yos Adiguna Ginting (***)
Paul Norman Janelle (*)
Wayan Mertasana Tantra
Shea Lih Goh
Commissioners:
President Commissioner
Vice President
Commissioner
Commissioners
Directors:
President Director
Directors
Nama perusahaan/
Company name
Kegiatan usaha/
Business activity
Distribusi rokok/
Cigarette distribution
PT Sampoerna Printpack
Domisili/
Domicile
Tahun
beroperasi
komersial/
Year of
commercial
operations
Persentase
kepemilikan
efektif/
Percentage of
effective
ownership
2011
2010
Jumlah aset/
Total assets
2011
2010
Indonesia
1989
100.0
99.0
155,082
109,081
Indonesia
1989
100.0
100.0
274,869
227,577
Jasa ekspedisi
dan pergudangan/
Expedition and
warehousing
Indonesia
1989
100.0
100.0
31,827
31,399
PT Asia Tembakau
Indonesia
2002
100.0
100.0
572,015
316,915
Indonesia
2005
100.0
100.0
45,362
55,992
PT Taman Dayu
Pengembangan properti/
Property development
Indonesia
1990
100.0
100.0
167,854
197,425
Halaman 5/3
Page
Nama perusahaan/
Company name
1.
Kegiatan usaha/
Business activity
Tahun
beroperasi
komersial/
Year of
commercial
operations
Domisili/
Domicile
Persentase
kepemilikan
efektif/
Percentage of
effective
ownership
2011
2010
Jumlah aset/
Total assets
2011
2010
Indonesia
1996
100.0
100.0
68,211
48,485
Malaysia
1998
100.0
100.0
174,964
281,124
Sampoerna International
Pte. Ltd.
Singapura/Singapore
1995
100.0
100.0
137,165
74,855
Indonesia
1989
100.0
100.0
42,388
45,922
Indonesia
2003
100.0
100.0
79,763
5,039
SUMMARY
POLICIES
OF
SIGNIFICANT
ACCOUNTING
a.
a.
Dasar
penyusunan
konsolidasi
laporan
keuangan
Laporan
keuangan
konsolidasi
disusun
berdasarkan konsep harga perolehan, kecuali
untuk aset dan liabilitas keuangan (termasuk
instrument derivatif) yang diukur pada nilai wajar
melalui laporan laba rugi.
Laporan
arus
kas
konsolidasi
disusun
menggunakan metode langsung dan arus kas
dikelompokkan atas dasar kegiatan operasi,
investasi dan pendanaan.
Halaman 5/4
Page
Dasar
penyusunan
konsolidasi (lanjutan)
laporan
keuangan
2.
SUMMARY OF SIGNIFICANT
POLICIES (continued)
a.
ACCOUNTING
Laporan
keuangan
konsolidasi
disusun
menggunakan asumsi kelangsungan usaha.
Asumsi ini digunakan berdasarkan pengetahuan
manajemen atas fakta-fakta dan keadaan
sekarang, asumsi-asumsi yang timbul atas
pengetahuan tersebut dan ekspektasi saat ini
atas kejadian dan tindakan di masa yang akan
datang.
Perubahan
pada
pernyataan
standar
akuntansi
keuangan
dan
interpretasi
pernyataan standar akuntansi keuangan.
Halaman 5/5
Page
Dasar
penyusunan
konsolidasi (lanjutan)
laporan
keuangan
2.
SUMMARY OF SIGNIFICANT
POLICIES (continued)
a.
ACCOUNTING
PSAK No.
Segments
Halaman 5/6
Page
(Revised
2009):
Operating
Dasar
penyusunan
konsolidasi (lanjutan)
laporan
keuangan
2.
SUMMARY OF SIGNIFICANT
POLICIES (continued)
a.
ACCOUNTING
Lain-lain
Others
:
:
:
:
:
:
:
:
:
- ISAK No. 20
- ISAK No. 23
Halaman 5/7
Page
Dasar
penyusunan
konsolidasi (lanjutan)
laporan
keuangan
2.
SUMMARY OF SIGNIFICANT
POLICIES (continued)
a.
- PPSAK No. 6
ACCOUNTING
b. Principles of consolidation
Entitas anak
(1)
Subsidiaries
All
subsidiaries
are
consolidated.
Subsidiaries, are entities in which the
Company and subsidiaries have the power
to govern the financial and operating
policies.
Halaman 5/8
Page
c.
SUMMARY OF SIGNIFICANT
POLICIES (continued)
ACCOUNTING
Perusahaan asosiasi
(2)
Associates
The Groups shares of its associates postacquisition profits or losses are recognised
in the consolidated profit and loss account.
The
cumulative
post-acquisition
movements are adjusted against the
carrying amount of the investment. When
the Groups share of losses in an associate
equals or exceeds its interest in the
associate, the Group does not recognise
further losses, unless it has incurred
obligations or made payments on behalf of
the associate.
2.
(1)
Halaman 5/9
Page
2.
SUMMARY OF SIGNIFICANT
POLICIES (continued)
ACCOUNTING
(1)
11,718
9,080
9,618
2,855
11,817
9,003
9,466
2,914
(2)
1 Euro
1 United States Dollar
1 Swiss Franc
1 Malaysian Ringgit
6,963
6,941
Halaman
5/10
7,005
Page
6,898
1 Singapore Dollar
2.
SUMMARY OF SIGNIFICANT
POLICIES (continued)
d. Cash and cash equivalents
Piutang usaha
e.
ACCOUNTING
Trade receivables
Trade receivables are initially recognised at fair
value and subsequently measured at amortised
cost using the effective interest rate method
except where the effect of the discounting is not
material, less provision for impairment. A
provision for impairment of trade receivables is
established based on a review of the collectibility
of outstanding amounts. Accounts are written-off
as bad debts during the period in which they are
determined to be non-collectible.
Aset keuangan
Financial assets
Manajemen
menentukan
klasifikasi
aset
keuangan tersebut pada saat pengakuan awal.
Liabilitas keuangan
Financial liabilities
Halaman
5/11
Page
2.
SUMMARY OF SIGNIFICANT
POLICIES (continued)
g.
h. Persediaan
h.
Inventories
ACCOUNTING
Aset tetap
i.
Fixed assets
Tahun/Years
Bangunan dan prasarana
Mesin dan peralatan
Perabot, peralatan kantor dan laboratorium
Alat-alat pengangkutan
410 35-
40
15
10
16
Page
j.
2.
SUMMARY OF SIGNIFICANT
POLICIES (continued)
i.
ACCOUNTING
Biaya perolehan tanah tidak termasuk biayabiaya lain yang dikeluarkan sehubungan dengan
perolehan atau perpanjangan ijin atas tanah.
Biaya-biaya yang dikeluarkan sehubungan
dengan perolehan atau perpanjangan ijin atas
tanah tersebut, ditangguhkan dan disajikan pada
akun Aset lainnya - tidak lancar serta
diamortisasi sepanjang periode hak atas tanah.
Sewa
j.
Leases
Halaman
5/13
Page
2.
Sewa (lanjutan)
SUMMARY OF SIGNIFICANT
POLICIES (continued)
j.
Setiap
pembayaran
sewa
pembiayaan
dialokasikan antara bagian yang merupakan
pelunasan liabilitas dan bagian yang merupakan
biaya keuangan sedemikian rupa sehingga
menghasilkan tingkat suku bunga yang konstan
atas saldo liabilitas yang tersisa. Jumlah
kewajiban sewa, neto biaya keuangan disajikan
sebagai utang jangka panjang lainnya. Unsur
bunga dalam biaya keuangan dibebankan pada
laporan laba rugi konsolidasi selama masa sewa
sedemikian rupa sehingga menghasilkan suatu
tingkat suku bunga periodik yang konstan atas
saldo liabilitas yang tersisa setiap periode. Aset
tetap yang diperoleh melalui sewa pembiayaan
disusutkan selama jangka waktu yang lebih
pendek antara umur manfaat aset dan masa
sewa.
k.
l.
ACCOUNTING
Leases (continued)
Each finance lease payment is allocated between
the liability and finance charges so as to achieve
a constant rate on the finance balance
outstanding.
The
corresponding
rental
obligations, net of finance charges, are included
in other long-term payables. The interest element
of the finance cost is charged to the consolidated
profit and loss account over the lease period so
as to produce a constant periodic rate of interest
on the remaining balance of the liability for each
period. The fixed assets acquired under finance
leases are depreciated over the shorter of the
useful life of the assets and the lease term.
k.
Tanah
yang
akan
dikembangkan
dan
dimaksudkan untuk dijual setelah dikembangkan
disajikan
dalam
akun
Tanah
untuk
pengembangan dan dinyatakan sebesar nilai
yang lebih rendah antara biaya tercatat dan nilai
realisasi bersih.
Goodwill
l.
Goodwill
Halaman
5/14
Page
2.
SUMMARY OF SIGNIFICANT
POLICIES (continued)
ACCOUNTING
n. Provisi
n. Provisions
o. Imbalan pasca-kerja
o. Post-employment benefits
Halaman
5/15
Page
2.
SUMMARY OF SIGNIFICANT
POLICIES (continued)
ACCOUNTING
Halaman
5/16
Page
2.
p. Perpajakan
ACCOUNTING
p. Taxation
r.
SUMMARY OF SIGNIFICANT
POLICIES (continued)
Pelaporan segmen
r.
Halaman
Segment reporting
Operating segments are reported in a manner
consistent with the internal reporting provided to
the chief operating decision-maker. The chief
operating decision-maker is of the view that the
Group operates in one operating segment, i.e.
manufacturing and trading of cigarettes.
5/17
Page
t.
2.
SUMMARY OF SIGNIFICANT
POLICIES (continued)
s.
Seluruh transaksi yang signifikan dengan pihakpihak berelasi telah diungkapkan dalam catatan
atas laporan keuangan konsolidasi.
t.
3.
ACCOUNTING
3.
a.
a.
Halaman
5/18
Page
3.
b.
c.
US$
252,710
CHF
5,659,486
5,912,196
- EUR
3,083
3,083
Assets
2,331 Cash and cash equivalents
Trade and
51,388
other receivables
53,719
Total assets
Liabilities
67,801,395
16,240,755
84,042,150
15,732,251
15,732,251
3,052,922
3,052,922
802,717
147,466
950,183
896,464
Liabilities - net
b.
Risiko kredit
c.
Credit risk
Halaman
5/19
Page
3.
Risiko likuiditas
d.
4.
Liquidity risk
Liquidity risk management implies maintaining
sufficient cash and cash equivalents and the
availability of funding through an adequate
amount of committed credit facilities. Due to the
dynamic nature of the underlying business, the
treasury department also maintains flexibility in
funding by maintaining availability under credit
lines from Philip Morris Finance SA and several
banks.
Pengelolaan modal
Capital management
4.
2011
Kas
Bank
Deposito berjangka
62,828
88,174
1,919,121
47,625
884,311
2,277,623
Cash on hand
Cash in bank
Time deposits
Jumlah
2,070,123
3,209,559
Total
Halaman
5/20
Page
4.
Bank
a.
2011
Rupiah
- Deutsche Bank AG
- Citibank N.A
- PT Bank Negara Indonesia
(Persero) Tbk.
- The Royal Bank of Scotland N.V.
- PT Bank Central Asia Tbk.
- PT Bank Mandiri (Persero) Tbk.
- PT Bank CIMB Niaga Tbk.
- Lain-lain
Jumlah
Dolar Singapura
- The Hongkong and Shanghai
Banking Corporation Limited
- DBS Bank Limited
Dolar Amerika Serikat
- The Royal Bank of Scotland N.V.
- The Hongkong and Shanghai
Banking Corporation Limited
- Lain-lain
b.
2010
44,080
11,946
684,115
26,596
11,705
2,948
1,984
1,729
299
1,111
8,861
469
5,814
1,335
1,192
1,495
Rupiah
Deutsche Bank AG Citibank N.A PT Bank Negara Indonesia (Persero) Tbk.
The Royal Bank of Scotland N.V. PT Bank Central Asia Tbk. PT Bank Mandiri (Persero)Tbk. PT Bank CIMB Niaga Tbk. Others -
75,802
729,877
Total
4,798
-
1,444
4,659
Singapore Dollars
The Hongkong and Shanghai Banking Corporation Limited
DBS Bank Limited -
1,925
761
1,258
369
1,217
43
Ringgit Malaysia
- The Hongkong and Shanghai
Banking Corporation Limited
2,206
144,062
Malaysian Ringgit
The Hongkong and Shanghai Banking Corporation Limited
1,816
2,248
Jumlah
12,372
154,434
Total
Jumlah bank
88,174
884,311
Deposito berjangka
b. Time deposits
2011
Rupiah
- PT ANZ Panin Bank
- Standard Chartered Bank
- The Royal Bank of Scotland N.V.
- Lain-lain
2010
Rupiah
PT ANZ Panin Bank
Standard Chartered Bank
The Royal Bank of Scotland N.V.
Others
800,000
760,000
63,000
130,264
1,605,000
340,000
330,000
2,623
1,753,264
2,277,623
Total
Ringgit Malaysia
- The Royal Bank of Scotland N.V.
165,857
Malaysian Ringgit
The Royal Bank of Scotland N.V. -
Jumlah
165,857
Total
1,919,121
2,277,623
Jumlah
5/21
Page
PIUTANG USAHA
5.
2011
TRADE RECEIVABLES
2010
Pihak ketiga
Dikurangi:
Penyisihan penurunan nilai
piutang usaha
826,943
826,269
Bersih
Pihak-pihak berelasi (Catatan 20)
823,248
68,165
821,727
34,723
Net
Related parties (Note 20)
Jumlah
891,413
856,450
Total
(3,695)
(4,542)
Third parties
Less:
Provision for impairment
of trade receivables
2011
2010
Lancar
Jatuh tempo
1 - 30 hari
31 - 60 hari
61 - 90 hari
> 90 hari
827,751
802,841
60,473
837
46
6,001
52,247
459
9
5,436
Jumlah
Dikurangi
Penyisihan penurunan nilai
piutang usaha
895,108
860,992
Bersih
891,413
(3,695)
(4,542)
856,450
Total
Less
Provision for impairment
of trade receivables
Net
2011
Saldo pada awal tahun
Penambahan penyisihan
tahun berjalan
Penghapusan
Current
Overdue
1 - 30 days
31 - 60 days
61 - 90 days
> 90 days
2010
4,542
3,917
1,024
(1,871)
1,589
(964)
3,695
4,542
Halaman
5/22
Page
PERSEDIAAN
6.
2011
INVENTORIES
2010
Barang jadi
Barang dalam proses
Bahan baku
Pita cukai
Suku cadang
Bahan pembantu dan lainnya
Persediaan dalam perjalanan
1,183,624
179,216
5,216,995
1,554,935
106,038
103
1,628
1,402,191
133,603
6,561,035
986,661
113,057
18,567
7,752
Finished goods
Work in progress
Raw materials
Excise tax
Spare parts
Sub-materials and others
Goods in transit
Barang dagangan
8,242,539
678,114
9,222,866
561,882
Merchandise inventory
8,920,653
9,784,748
Jumlah
Dikurangi
Penyisihan persediaan usang
(73,919)
(51,438)
Total
Less
Provision for obsolete and
slow moving inventories
Bersih
Tanah dan bangunan untuk dijual
8,846,734
66,614
9,733,310
69,145
Net
Land and buildings held for sale
Jumlah persediaan
8,913,348
9,802,455
Total inventories
2010
51,438
86,279
102,437
(79,956)
32,005
(66,846)
73,919
51,438
Manajemen
berkeyakinan
bahwa
penyisihan
persediaan
usang
cukup
untuk
menutup
kemungkinan kerugian yang terjadi di kemudian hari.
Halaman
5/23
Page
7.
ASET TETAP
INVESTMENT IN ASSOCIATE
Investment in associate represents the Groups 49%
interest in Vinataba-Philip Morris Limited (previously
Vinasa Tobacco Joint Venture Company Limited)
which is accounted for under the equity method.
8.
FIXED ASSETS
2011
Saldo awal/
Beginning
balance
Biaya perolehan
Pemilikan langsung
Tanah
Bangunan dan prasarana
Mesin dan peralatan
Perabot, peralatan kantor
dan laboratorium
Alat-alat pengangkutan
Jumlah
Sewa pembiayaan
Alat-alat pengangkutan
Aset dalam penyelesaian
Reklasifikasi
Jumlah biaya perolehan
Akumulasi penyusutan
Pemilikan langsung
Bangunan dan prasarana
Mesin dan peralatan
Perabot, peralatan kantor
dan laboratorium
Alat-alat pengangkutan
Penambahan/
Additions
Pengurangan/
Deductions
Selisih kurs
karena
penjabaran
laporan
keuangan/
Translation
adjustments
Saldo akhir/
Ending
balance
355,256
1,943,524
2,863,983
886
157,088
78,555
51,070
3,021
42,990
(3)
(4)
305,072
2,0 97,588
2,899,544
801,696
114,256
69,884
26
20,333
*)
40,353
(1)
(10)
851,246
73,919
Acquisition cost
Direct ownership
Land
Building and improvements
Machinery and equipment
Furniture & fixture, office
and laboratory equipment
Transportation equipment
6,078,715
306,439
157,767
(18)
6,227 ,369
Total
227,845
40,426
107,908
160,363
Finance leases
Transportation equipment
291,252
(235,783)
235,783
(235,783)
143,885
-
Construction in progress
Reclassifications
402,334
265,675
88,416
6,394,976
(18)
6,5 31,617
535,869
1,090,909
96,597
242,024
2,109
32,828
(3)
2,821
630,354
1,3 02,926
489,818
43,627
122,848
39,678
19,856
10,788
(2,826)
-
589,984
72,517
Accumulated depreciation
Direct ownership
Building and improvements
Machinery and equipment
Furniture & fixture, office
and laboratory equipment
Transportation equipment
2,160,223
501,147
65,581
(8)
2,595 ,781
Total
147,415
42,199
104,443
85,171
Finance leases
Transportation equipment
Jumlah akumulasi
penyusutan
2,307,638
543,346
170,024
(8)
2,680,952
Total accumulated
depreciation
4,087,338
3,850 ,665
Jumlah
Sewa pembiayaan
Alat-alat pengangkutan
Halaman
5/24
Page
8.
2010
Saldo awal/
Beginning
balance
Penambahan/
Additions
Pengurangan/
Deductions
Selisih kurs
karena
penjabaran
laporan
keuangan/
Translation
adjustments
Saldo akhir/
Ending
balance
Biaya perolehan
Pemilikan langsung
Tanah
Bangunan dan prasarana
Mesin dan peralatan
Perabot, peralatan kantor
dan laboratorium
Alat-alat pengangkutan
Acquisition cost
Direct ownership
Land
Building and improvements
Machinery and equipment
Furniture & fixture, office
and laboratory equipment
Transportation equipment
345,664
1,856,192
2,859,882
9,652
92,647
151,118
67
5,355
155,832
7
40
8,815
355,256
1,943,524
2,863,983
650,796
244,222
230,715
390
80,039
130,491
224
135
801,696
114,256
Jumlah
5,956,756
484,522
371,784
9,221
6,078,715
Total
Sewa pembiayaan
Alat-alat pengangkutan
240,907
18,787
31,849
227,845
Finance leases
Transportation equipment
211,953
-
348,463
(472,000)
472,000
(472,000)
88,416
-
Construction in progress
Reclassifications
379,772
403,633
9,221
6,394,976
6,409,616
440,863
983,935
98,971
228,532
4,000
126,602
35
5,044
535,869
1,090,909
450,176
107,599
117,198
9,505
79,211
73,604
1,655
127
489,818
43,627
Accumulated depreciation
Direct ownership
Building and improvements
Machinery and equipment
Furniture & fixture, office
and laboratory equipment
Transportation equipment
1,982,573
454,206
283,417
6,861
2,160,223
Total
116,849
57,679
27,113
147,415
Finance leases
Transportation equipment
Jumlah akumulasi
penyusutan
2,099,422
511,885
310,530
6,861
2,307,638
Total accumulated
depreciation
4,310,194
4,087,338
Jumlah
Sewa pembiayaan
Alat-alat pengangkutan
2011
Hasil penjualan
Nilai buku bersih
Jumlah
2010
50,136
(18,703)
30,642
(13,223)
31,433
17,419
Halaman
5/25
Page
Proceeds of sale
Net book value
Total
8.
9.
2010
376,345
75,206
91,795
367,463
90,167
54,255
543,346
511,885
GOODWILL
9.
Biaya perolehan
Akumulasi amortisasi
Penambahan
Penurunan nilai (Catatan 22)
Nilai buku bersih
GOODWILL
Goodwill as at December 31, 2011 and 2010 is as
follow:
2011
2010
237,320
10,999
(187,896)
379,952
(142,632)
-
60,423
237,320
Halaman
Cost
Accumulated amortisation
Addition
Impairment losses (Note 22)
Net book value
5/26
Page
2010
Pihak ketiga
Pihak - pihak berelasi (Catatan 20)
1,273,856
664,249
583,686
490,831
Third parties
Related parties (Note 20)
Jumlah
1,938,105
1,074,517
Total
2011
2010
Lancar
Jatuh tempo
1 - 30 hari
31 - 60 hari
61 - 90 hari
> 90 hari
1,723,904
1,017,416
98,397
36,286
4,709
74,809
42,185
1,975
869
12,072
Current
Overdue
1 - 30 days
31 - 60 days
61 - 90 days
> 90 days
Jumlah
1,938,105
1,074,517
Total
2010
507,566
41,690
12,693
7,141
16,652
394,097
3,295
16,957
14,879
44,916
Jumlah
585,742
474,144
Total
12. PERPAJAKAN
12. TAXATION
a. Utang pajak
a.
2011
Taxes payable
2010
332,344
833,422
305,983
254,203
590,376
228,767
1,471,749
1,073,346
Total
Halaman
5/27
Page
b.
2011
2010
Perusahaan
Kini
Tangguhan
2,879,004
(39,904)
2,179,397
(7,339)
Jumlah
2,839,100
2,172,058
Total
25,155
(17,599)
133,204
20,219
Subsidiaries
Current
Deferred
7,556
153,423
Total
Entitas anak
Kini
Tangguhan
Jumlah
The Company
Current
Deferred
Konsolidasi
Kini
Tangguhan
2,904,159
(57,503)
2,312,601
12,880
Consolidated
Current
Deferred
Jumlah
2,846,656
2,325,481
Total
2011
Laba konsolidasi sebelum pajak
penghasilan
Ditambah/(dikurangi):
Penurunan nilai goodwill
Laba entitas anak
sebelum pajak penghasilan
Bagian atas hasil bersih
entitas asosiasi
Laba sebelum pajak penghasilan
Perusahaan
Beda temporer
Kewajiban imbalan pasca-kerja
Akrual dan provisi
Amortisasi biaya ditangguhkan
Aset tetap
Beda permanen
Beban yang tidak dapat
dikurangkan
Penghasilan yang telah dikenakan
pajak penghasilan final
- Bunga
- Sewa
Penghasilan kena pajak
Perusahaan
2010
10,911,082
8,748,229
187,896
(12,543)
(293,356)
(10,017)
(1,921)
11,076,418
8,452,952
148,242
62,925
(6,135)
(45,411)
109,993
33,434
(665)
(113,404)
397,756
300,369
(115,217)
(2,561)
(63,603)
(1,488)
11,516,017
Halaman
8,717,588
5/28
Page
Non-deductible expenses
Income already subject to final tax
Interest Rent -
b.
2011
2010
2,879,004
25,155
2,179,397
133,204
Jumlah
2,904,159
2,312,601
Total
Dikurangi pembayaran
pajak penghasilan
- Perusahaan
- Entitas anak
2,558,058
13,757
1,947,067
111,331
Jumlah
2,571,815
2,058,398
Total
320,946
11,398
232,330
21,873
Jumlah
332,344
254,203
Total
11,138
59,986
3,833
851
962
55,816
7,685
2,105
12,160
9,054
Jumlah
76,770
86,820
Total
Halaman
5/29
Page
b.
2011
Laba sebelum pajak
penghasilan Perusahaan
Pajak dihitung dengan
tarif pajak yang berlaku
Efek pajak yang berasal dari
perbedaan permanen:
Beban yang tidak dapat dikurangkan
Penghasilan yang telah dikenakan
pajak penghasilan final
- Bunga
- Sewa
2010
11,076,418
8,452,952
2,769,105
2,113,238
Tax calculated at
applicable tax rate
99,439
75,092
(28,804)
(640)
(15,900)
(372)
Pajak penghasilan
- Perusahaan
- Entitas anak
2,839,100
7,556
2,172,058
153,423
Income tax
The Company Subsidiaries -
2,846,656
2,325,481
Consolidated income
tax expense
2011
2010
Perusahaan
- Aset tetap
- Akrual dan provisi
- Amortisasi biaya ditangguhkan
- Kewajiban imbalan pasca-kerja
11,353
(15,731)
1,534
(37,060)
28,351
(8,358)
166
(27,498)
The Company
Fixed assets Accruals and provisions Amortisation of deferred charges Post-employment benefit obligations -
(39,904)
(17,599)
(7,339)
20,219
Subsidiaries - net
Jumlah
(57,503)
12,880
Halaman
5/30
Page
Total
c.
2011
Perusahaan
Aset/(liabilitas) pajak
tangguhan - bersih
- Akrual dan provisi
- Kewajiban imbalan pasca-kerja
- Biaya ditangguhkan
- Aset tetap
Jumlah
Entitas anak
Aset pajak tangguhan - bersih
Liabilitas pajak tangguhan - bersih
Konsolidasi
Aset pajak tangguhan - bersih
Liabilitas pajak tangguhan - bersih
2010
The Company
146,896
143,669
(13,666)
(195,836)
131,165
106,609
(12,132)
(184,483)
81,063
41,159
13,174
1,378
(5,549)
(11,352)
94,237
42,537
(5,549)
(11,352)
Total
Subsidiaries
Deferred tax assets - net
Deferred tax liabilities - net
Consolidated
Deferred tax assets - net
Deferred tax liabilities - net
Pemegang saham/
Shareholders
Jumlah saham
ditempatkan dan
disetor penuh/
Number of shares
issued and fully paid
Persentase
pemilikan/
Percentage of
ownership
Jumlah/
Amount
4,303,168,205
79,831,795
98.18
1.82
430,317
7,983
4,383,000,000
100.00
438,300
Halaman
5/31
Page
2011
Beban pokok penjualan
Beban penjualan
Beban umum dan administrasi
2010
37,661,205
3,562,619
1,015,497
30,725,665
3,145,057
799,802
42,239,321
34,670,524
2011
2010
Pita cukai
Perubahan persediaan barang jadi dan
barang dalam proses dan pembelian
Bahan baku yang digunakan
Biaya overhead lainnya
Gaji, upah dan manfaat
karyawan (Catatan 18)
Iklan dan promosi
Jasa manajemen (Catatan 20)
Penyusutan
Pengangkutan dan distribusi
Sewa
Perjalanan dinas
Honorarium tenaga ahli
Lain-lain (masing-masing di bawah
Rp50 miliar)
20,894,914
16,525,071
7,096,473
5,964,225
2,496,737
5,386,231
5,481,251
2,584,560
2,272,152
1,268,329
636,519
543,346
329,726
160,123
93,708
73,918
1,603,558
1,171,373
464,597
511,885
258,211
153,907
79,584
89,160
Excise tax
Changes in inventories of finished goods
and work-in -progress and purchases
Raw material used
Other overhead costs
Salaries, wages and employee
benefits (Note 18)
Advertising and promotion
Management services (Note 20)
Depreciation
Transportation and distribution
Rent
Travelling expense
Professional fees
409,151
361,136
Jumlah
42,239,321
34,670,524
Total
5/32
Page
Beban bunga
Pinjaman bank
Utang sewa pembiayaan
2010
3,075
6,470
16,883
12,890
Interest expense
Bank borrowings
Obligations under finance leases
Jumlah
Lain-lain
9,545
12,128
29,773
6,989
Total
Others
Jumlah
21,673
36,762
Total
Program pensiun
Pension plan
Pada
tanggal
1
April
2008,
Perusahaan
menyelenggarakan program pensiun iuran pasti yang
dikelola oleh Dana Pensiun Lembaga Keuangan
AIAF (DPLK AIAF). Berdasarkan program pensiun
iuran pasti, imbalan yang akan diterima karyawan
ditentukan dari besarnya kontribusi yang dibayarkan
oleh pemberi kerja dan karyawannya ditambah
dengan hasil investasi atas dana tersebut. Kontribusi
dari karyawan adalah bersifat sukarela. Bagian
Perusahaan dan entitas anak tertentu di dalam
negeri atas program pensiun iuran pasti adalah
sebesar 8,50% dari gaji karyawan atau Rp64,8 miliar
untuk tahun yang berakhir pada tanggal 31
Desember 2011 (2010: Rp59,1 miliar).
Halaman
5/33
Page
18. POST-EMPLOYMENT
(continued)
2010
7.00%
8.00%
55 tahun/years
45 tahun/years
TMI99 Indonesian
Mortality Table 1999
9.50%
8.00%
55 tahun/years
45 tahun/years
TMI99 Indonesian
Mortality Table 1999
2010
722,905
522,522
(101,581)
41,734
(38,478)
(131,614)
582,846
432,642
2011
Biaya jasa kini
Beban bunga
Biaya jasa lalu
(Keuntungan)/kerugian bersih
yang diakui aktuarial
Jumlah
Mutasi kewajiban
sebagai berikut:
2010
37,760
48,411
93,135
36,108
51,373
11,326
(2,173)
694
99,501
Total
177,133
imbalan
pasca-kerja
2011
OBLIGATIONS
2011
BENEFIT
adalah
2011
2010
432,642
177,133
363,398
99,501
(26,929)
(30,257)
582,846
432,642
Halaman
benefit
5/34
Page
19. DIVIDEN
19. DIVIDENDS
2011
2011
2010
2010
Halaman
5/35
Page
a.
a.
Sifat transaksi
istimewa
material
Pihak berelasi/
Related parties
dan
hubungan
Nature
of
material
transactions
relationship with related parties
Sifat hubungan
dengan pihak berelasi/
Relationship with
the related parties
and
- Biaya
jasa
manajemen/Management
services charges
Halaman
5/36
Page
MENGENAI
PIHAK
dan
hubungan
a.
Nature
of
material
transactions
and
relationship with related parties (continued)
Pihak berelasi/
Related parties
Sifat hubungan
dengan pihak berelasi/
Relationship with
the related parties
- Pembiayaan/Financing
- Pendapatan
jasa
services income
Philip
teknis/Technical
Morris
Ukraine
- Pembelian
mesin
cadang/Purchase of
spareparts
Philip
Morris
Services Inc.
Global
- Biaya
jasa
manajemen/Management
service charges
Philip
Morris
Moorabin
Limited
Entitas asosiasi/Associate
Vinataba
Limited
Philip
Morris
Halaman
5/37
Page
dan
suku
machinery and
MENGENAI
PIHAK
dan
hubungan
a.
Nature
of
material
transactions
and
relationship with related parties (continued)
Sifat hubungan
dengan pihak berelasi/
Relationship with
the related parties
Pihak berelasi/
Related parties
Philip
Morris
Industrial
Pembelian
mesin
cadang/Purchase of
spareparts
Pembelian
tobacco
Brazil
b. Penjualan
b.
2011
of
Sales
114,735
84,757
92,451
35,203
34,556
23,016
12,773
7,609
56,134
3,264
6,756
17,917
879
1,961
2,085
322,304
171,792
0.61%
0.40%
c.
2011
tembakau/Purchase
2010
Pembelian
dan
suku
machinery and
As a percentage of
the consolidated net sales
Purchases
2010
6,885,723
5,801,673
72,874
5,029
4,410
1,034
-
54,989
15,730
1,875
18,145
648
581
6,969,718
5,892,993
13.19%
13.58%
Halaman
5/38
Page
As a percentage of
the consolidated net sales
MENGENAI
PIHAK
d. Pembelian lainnya
d.
2011
2010
1,114
-
2,734
26
987
1,140
3,721
0.00%
0.01%
e.
2011
486,679
282,254
452,826
201,299
77,088
35,928
46,789
12,634
6,503
3,797
1,321
108
51,012
27,380
17,840
2,929
12,345
540
100
917,713
801,659
1.74%
1.85%
f.
2011
As a percentage of
the consolidated net sales
2010
Other purchases
As a percentage of
the consolidated net sales
2010
79,150
46,859
24,325
97,043
43,056
615
20,922
20,190
2,953
2,088
1,641
-
1,177
19,812
169
1,241
1,476
199,369
163,348
0.38%
0.38%
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As a percentage of
the consolidated net sales
MENGENAI
PIHAK
g. Penghasilan keuangan
g.
2011
2010
1,020
59
-
6,769
131
3,215
1,079
10,115
0.00%
0.02%
h. Piutang usaha
h.
2011
Persentase terhadap
aset konsolidasi
i.
As a percentage of
the consolidated net sales
Trade receivables
25,455
17,662
4,502
4,106
20,772
8,396
1,475
1,553
3,510
3,381
2,209
2,160
2,083
1,543
1,323
769
859
724
231
175
68,165
34,723
0.35%
0.17%
i.
2011
Persentase terhadap
aset konsolidasi
2010
Piutang lainnya
Finance income
As a percentage of the
consolidated assets
Other receivables
2010
151,335
91,227
9,218
3,924
2,402
1,915
1,901
1,736
1,011
1,255
151,335
114,589
0.78%
0.56%
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As a percentage of the
consolidated assets
j.
MENGENAI
PIHAK
i.
Sampoerna
International
Pte.
Ltd.
dan
Sampoerna Packaging Asia Pte., entitas anak di
Singapura, memberikan fasilitas pinjaman
kepada Philip Morris Finance SA.
Sampoerna
International
Pte.
Ltd.
and
Sampoerna Packaging Asia Pte., subsidiaries in
Singapore, provided intercompany loans to Philip
Morris Finance SA.
j.
2011
2010
507,882
340,910
90,206
36,930
82,149
25,075
23,436
7,549
3,577
1,128
-
3,257
6,357
1,090
25,534
664,249
490,831
7.24%
4.76%
k.
As a percentage of the
consolidated liabilities
21. CRITICAL
ACCOUNTING
JUDGEMENTS
5/41
ESTIMATES
AND
21. CRITICAL
ACCOUNTING
JUDGEMENTS (continued)
ESTIMATES
AND
Impairment of assets
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Page
b.
a.
b.
Perusahaan
menandatangani
perjanjian
kerjasama dengan Mitra Produksi Sigaret (MPS)
untuk memproduksi sigaret kretek tangan.
Perjanjian ini umumnya berlaku untuk jangka
waktu bervariasi antara satu sampai dengan tiga
tahun dan dapat diperpanjang atas persetujuan
kedua belah pihak.
c.
Page
d.
merek
e.
f.
f.
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Page
23. KOMITMEN
23. COMMITMENTS
b. Leases
The future aggregate minimum lease payments
under operating leases are as follows:
2010
146,694
99,477
318,650
271,410
Jumlah
465,344
370,887
Total
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