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 PT. INDO-RAMA SYNTHETICS Tbk
DAN ENTITAS ANAK AND ITS SUBSIDIARIES
DAFTAR ISI TABLE OF CONTENTS

Halaman/
Pages

SURAT PERNYATAAN DIREKSI DIRECTORS’ STATEMENT LETTER

LAPORAN KEUANGAN KONSOLIDASIAN - CONSOLIDATED FINANCIAL STATEMENTS -

Pada tanggal 31 Maret 2017 (Tidak Diaudit) As of March 31, 2017 (Unaudited) and
dan 31 Desember 2016 (Diaudit) serta tanggal December 31, 2016 (Audited) and March 31,
31 Maret 2016 (Tidak Diaudit) 2016 (Unaudited)

Laporan Posisi Keuangan Konsolidasian 1 Consolidated Statements of Financial Position

Laporan Laba Rugi Komprehensif 3 Consolidated Statements of Comprehensive

Konsolidasian 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 See accompanying notes to consolidated
yang merupakan bagian yang tidak terpisahkan financial statements which are an integral part
dari laporan keuangan konsolidasian. of the consolidated financial statements.

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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 LIABILITIES AND EQUITY

LIABILITAS JANGKA PENDEK 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 See accompanying notes to consolidated
yang merupakan bagian yang tidak terpisahkan financial statements which are an integral part
dari laporan keuangan konsolidasian. of the consolidated financial statements.

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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 See accompanying notes to consolidated
yang merupakan bagian yang tidak terpisahkan financial statements which are an integral part
dari laporan keuangan konsolidasian. 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/ Selisih

Other comprehensive income 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 See accompanying notes to consolidated
yang merupakan bagian yang tidak terpisahkan financial statements which are an integral part of
dari laporan keuangan konsolidasian. 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 See accompanying notes to consolidated
yang merupakan bagian yang tidak terpisahkan financial statements which are an integral part of
dari laporan keuangan konsolidasian. the consolidated financial statements.