Professional Documents
Culture Documents
subsidiaries
Laporan keuangan konsolidasian tanggal 31 Desember 2017 dan
untuk tahun yang berakhir pada tanggal tersebut beserta laporan a
Consolidated financial statements as of December 31, 2017 and fo
ended with independent auditors’ report
PT INDOFOOD CBP SUKSES MAKMUR TBK DAN ENTITAS ANAKNYA PT INDOFOOD CBP SUKSES MAKMUR TBK AND
LAPORAN KEUANGAN KONSOLIDASIAN TANGGAL 31 DESEMBER 2017 CONSOLIDATED FINANCIAL STATEMENTS AS OF
DAN UNTUK TAHUN YANG BERAKHIR PADA TANGGAL TERSEBUT AND
FOR THE YEAR THEN ENDED
Table of Contents
Halaman/
Page
Directors’ Statement Letter
Independent Auditor’s Report
Consolidated Statement of
………………………………Financial Position
Consolidated Statement of Profit or
..... Loss and Other Comprehensive Income
Consolidated Statement of
……………………………..Changes in Equity
Consolidated Statement of
…………………………………….Cash Flows
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S'ukses klakmur Tbk dan ñntila$ bank:
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diuaji<aii uusuoi dengan
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KONSOLIDASIAN (lanjutan) Tanggal 31 Desember 2017 (Disajikan dalam FINANCIAL POSITION (continued) As of December 3
Jutaan Rupiah, Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
LIABILITAS
benefits liability
T
axC
esN
ur long-term debts
paO
re
N-
ya Bank loans Liability for purchases
nt
C
bl
m
U
ate of fixed assets
uriRT
R
tie
ot
Lo E
ngals
N
of
C-
ur T
te
LI
re
ntAr
m
BI
deLi net of current maturities
LIa
bt
872.033
TI Bank loans
sbiE-
lit 4.603 of fixed assets
S
ie
Advance for stock subscription
s
from non-controlling interest
DT
O
ef
LiT
aber
A
reT
ilit
L
ot d
ie
LI
al
ta
As
Nx
fo
BI o
liar Liability for purchases
LI
n-
bil
TIe
c
iti
mE
ur
es
pl
S
re
oy-
nt
ne
ee
Li
bet
a
ne
bi
fit
lit
s
ie
s
KONSOLIDASIAN (lanjutan) Tanggal 31 Desember 2017 (Disajikan dalam FINANCIAL POSITION (continued) As of December 3
Jutaan Rupiah, Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
EKUITAS
Modal saham -
Nilai nominal Rp50 (angka penuh)
per saham
Modal dasar - 15.000.000.000
saham
Modal ditempatkan dan disetor
penuh - 11.661.908.000
saham 20 583,095
583,095
EQ
UI
TY
Ca
pit
Rp50 (full amount) par value
al
per share
sto
ck Authorized - 15,000,000,000 shares
-
Ad
diti Difference from changes in equity of Subsidiaries
on
al
Ex
pai
) ch
d-translation of financial statements
an
in
ge
ca
Unreali
diff
pit zed
)ere
al available-for-sale financial assets
gains earnings
nc
Retained
(losses
es
on) on Appropriated for
general reserve
Unappropriated
Eq
uit
Eq
y
uit
Atty
No
rib
Ho
n-
uta
TO
lde
co
ble
TA
rs
ntr
to TOTAL LIABILITIES AND
L
of
olli EQUITY
EQ
the
ng
UI
Pa
Int
TY
ren
ere
t
sts
En
tity
KOMPREHENSIF LAIN KONSOLIDASIAN PROFIT OR LOSS AND OTHER COMPREHEN
Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2017 For the Year Ended December 31, 2017 (Expressed
(Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) Unless Otherwise Stated)
Pos yang tidak akan direklasifikasi ke
laba rugi setelah pajak:
Laba (rugi) pengukuran kembali
atas liabilitas imbalan kerja
karyawan 2 (189,168) 22,943
Bagian rugi komprehensif lain dari
entitas asosiasi 9 (5,792) (1,879)
Pos yang dapat direklasifikasi ke laba
rugi:
Laba (rugi) yang belum terealisasi dari aset
keuangan tersedia
untuk dijual 2 185,311 (13,496)
Selisih kurs atas penjabaran laporan
keuangan 2 (2,304) (3,653)
NET
SALE
S
COST
OF
GRO
GOO
SS
DS
Sellin
PROF
SOLD
g and
GenerIT
distrib
al and
ution expenses
admin
Other
expen
istrati
opera
ses
Other
ve
ting
opera
INCO
incom
ting
MEe
expen
Finan
FRO
ses
ce
M
Finan
incom
OPEcetax on interest income Share in net losses of associates and
Final
RATIe
expen
ONS
ses joint ventures
INCOME BEFORE INCOME TAX EXPENSE
Incom
e tax
INCO
expen
MEse
FOR
THE Other comprehensive income
YEAR (losses)
Items
that w profit or loss, net of tax:
ill not
be rec
lassifi Re-measurement gains (losses)
ed to
of employees’ benefit liabilities Share of other comprehensive
losses of associates
Items
that m
profit or loss:
ay be
reclas Unrealized gains (losses) on
sified
to
available-for-sale financial assets
Exchange differences on translation of financial statements
cadangan umum 22 - - - - -
Laba tahun berjalan 31 - - - - -
Saldo 31 Desember 2017 20,21 583.095 5.985.469 45.838 (5.368 ) 155.390
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara kesel
The original conso
ERUBAHAN EKUITAS KONSOLIDASIAN PT INDOFOOD CBP SUKSES MAKMU
taan Rupiah, Kecuali Dinyatakan Lain) STATEMENT OF CHANGES IN EQUIT
For the Year Ended December 31, 201
Otherwise Stated)
Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas Induk/Equity Attributable to the Equity Holders of the Parent Entity
Selisih Kurs atas Laba (rugi) yang belum terealisasi dari aset keuangan tersedia untuk
Penjabaran Laporan dijual/ Saldo Laba/Retained Earnings
Keuangan/ Exchange Unrealized gains
Differences on
Kepentingan
Translation of (losses) on Cadangan Umum/ Belum Ditentukan Penggunaannya/
Financial available-for-sale Appropriated for Unappropriated Sub-total
Statements financial assets General Reserve
589 3.710 25.000 8.825.067 15.454.863 932.048 16.386.911 Balance, December 31
- - - - - 23.088 23.088
- - - - - 237.585 237.585
- - - - - (2.476) (2.476)
ri laporan keuangan konsolidasian secara keseluruhan. The accompanying notes to the consolidated financial sta
6 taken as a whole.
The original consolidated financial statements included herein are in Indonesian language.
PT INDOFOOD CBP SUKSES MAKMUR Tbk AND ITS SUBSIDIARIES CONSOLIDATED
STATEMENT OF CHANGES IN EQUITY
For the Year Ended December 31, 2017 (Expressed in Millions of Rupiah, Unless
Otherwise Stated)
the Parent Entity
Kepentingan
Nonpengendali/ Total Ekuitas/
Non-controlling Total Equity
Interests
16.386.911 Balance, December 31, 2015
Capital contribution from
23.088 non-controlling interest
Unrealized gains (losses) on available-
(13.496) for-sale financial assets
Exchange differences on
(3.653) translation of financial statements
(1.544.392) Distribution of cash dividends
Re-measurement gains of employees’
22.943 benefit liabilities
Share of other comprehensive losses of
(1.879) associates and joint venture,
net of tax
The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements
aken as a whole.
KONSOLIDASIAN OF CASH FLOWS
Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2017 For the Year ended December 31, 2017
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah, Unless Otherwise State
Kecuali Dinyatakan Lain)
Penerimaan dari penjualan aset tetap 10 28,714 32,891 Proceeds from sale of fixed assets
Penambahan aset tetap (1,523,515) (905,409) Additi
Penambahan aset keuangan tersedia ons
to
untuk dijual dan penyertaan di entitas Addition to available for sale financial a
fixed
asosiasi dan ventura
asset
bersama - neto 1 (1,011,893) (528,380) associates
s and joint ventures - net
Cash
paid Payments for production and operating expenses
to
suppli
Cash
Paymers
gener
ents
ated
to
from
empl
opera
Recei
oyee
tions
pts ofs
Paym
intere
ents
Paym
st
of
ents
inco
taxesof
- me
Other
net
intere
recei
st
pts
expe Net Cash Provided by Operating
(pay Activities
nse
ment
s) -
net CASH FLOWS FROM INVESTING
ACTIVITIES
Kas dan setara kas pada awal tahun Cash and cash equivalents
8,371,980 7,543,475 beginning of year
Kas dan setara kas pada akhir tahun Cash and cash equivalents
8,796,690 8,371,980 end of year
Transaksi non-kas: Non-cash transa
Mutasi pembelian aset tetap melalui liabilitas Movement purchases of fixed asset
(26,688) 29,547
tinued) For the Year ended December 31, 2017
illions of Rupiah, Unless Otherwise Stated)
Proce
eds
Capit
from
al controlling interests Advance for stock subscription from
long-
contri
term
butio
bankn non-controlling interest
loans
from
Paym
non-
ents
of
yments of short-term bank loans
cash
divide
nds Payments of long-term bank loans
Payments of dividends to non- controlling interests
Drayton Pte. Ltd. (Drayton) Singapura/ 2008 Investasi dan agen perdagangan ekspor/Investment 100,0 100,0 1.700 4.620
Singapore and trade export agency
Indofood (M) Food Malaysia 2007 Produksi mi/Manufacture of noodles 100,0 100,0 89 62
Industries Sdn.
Bhd.
PT (IFI) Rengo
Surya Jakarta 1993 Produksi bahan kemasan/Manufacture 60,0 60,0 860 764
Containers (SRC) of packaging materials 51,0 51,0 1.308 999
PT Indofood Jakarta 1990 Produksi makanan ringan/Manufacture of snack 51,0 51,0 716 892
Fritolay Makmur Jakarta 2013 Pemasaran dan penjualan minuman 65,0 65,0 87 98
(IFL) non-alkohol/Marketing and selling of non-alcoholic beverages 99,9 99,9 - -
PT Indofood Asahi Jakarta - Industri makanan, pengolahan minyak 51,0 51,0 23 24
Sukses Beverage dan lemak nabati untuk industri roti, confectionary dan restoran/Industry of foods,
(IASB) processing of oil and fats for bread industry, confectionary and restaurants
PT Indofood Jakarta - Perikanan serta industri pengolahan
Tsukishima Sukses makanan dan hasil perikanan di Indonesia/Fisheries business and food and fisheries
Makmur (ITSM) processing in Indonesia
PT Indofood Mitra Jakarta 2014 Pengelolaan restaurant chain/Chain
Bahari Makmur restaurant management
(IMBM)
PT Indofood Comsa
Sukses Makmur
(ICSM)
PT Indo Oji Sukses Jakarta 2016 Pemasaran dan distribusi produk paper - 67,0 - 9
Pratama (IOSP)* diapers/Marketing and distribution of paper diapers products 95,0 95,0 18 12
Entitas Anak Tidak L Jakarta 2008 Jasa konsultasi manajemen/ 99,9 99,6 2.776 1.913
angsung Management consulting services
/Indirect Subsidiaries Jakarta - Jasa konsultasi manajemen/
PT Pinnacle Permata Management consulting services
Makmur (PPM)1
PT Sukses Artha
Jaya (SAJ)2
4
Jakarta
PT Buana Distrindo (BD)
1996 Perdagangan umum dan 51,0 51,0 41
transportasi/General trading and
transportation
PT Tirta Makmur Jakarta 2014 Pemasaran dan distribusi air minum 40,8 40,8 813 1.250
Perkasa (TMP)5 dalam kemasan/Marketing and distribution of packaged drinking water 68,8 68,6 367 325
PT Indokuat Jakarta 2004 Pengembangan, produksi serta
Sukses Makmur pemasaran produk yang berkaitan dengan susu/Development, production and
(Indokuat)6 marketing of dairy
related products
“*” Tidak dikonsolidasikan ke dalam laporan keuangan konsolidasian “*” Was not consolidated into the Group consolidated financial statements
Kelompok Usaha ICBP sejak bulan Maret 2017 since March 2017
mpany has direct and indirect
s in the following Subsidiaries
with the Company hereinafter referred to as
p”):
00,0 89 62
- 67,0 - 9
,0 95,0 18 12
,9 99,6 2.776 1.913
51,0 51,0 41 35
IASB
Increase of capital
In March 2016, the Company and AGSA
agreed to increase the issued and fully paid
capital of IASB from Rp850,000, which consists of
850,000 shares to Rp895,000, which consists of
895,000 shares. Related to this, the Company and
AGSA injected cash to IASB amounting to
Rp22,950 and Rp22,050, respectively.
ICSM ICSM
Peningkatan modal Increase of capital
ICSM
Increase of capital
IOSP IOSP
Dekonsolidasi Deconsolidation
Pada bulan Februari 2017, IOSP meningkatkan modal
ditempatkan dan disetor penuh dari Rp8.750 yang
terdiri dari 8.750 saham menjadi sejumlah Rp11.726
terdiri dari 11.726 saham. Oji Holdings Corporation
(OHC), sebuah perusahaan yang berkedudukan di
Jepang yang sahamnya tercatat di Tokyo Stock
Exchange, menempatkan dan melakukan setoran
penuh atas modal seluruh saham baru yang diterbitkan
IOSP, sehingga kepemilikan Perusahaan dan OHC di
IOSP berubah dari masing-masing 67% dan 33%
menjadi masing-
masing 50% dan 50%.
IOSP
Deconsolidation
In February 2017, IOSP increased its issued and
fully paid capital from Rp8,750, which consists of
8,750 shares to Rp11,726, which consists of
11,726 shares. Oji Holdings Corporation (OHC),
a company domiciled in Japan and listed in Tokyo
Stock Exchange, subscribed and fully paid all new
share capital issued by IOSP. Accordingly the
ownership of the Company and OHC in IOSP changed
from previously 67% and 33%, respectively, to
become 50% and 50%, respectively.
ITSM
Increase of capital
In October 2017, the Company and Tsukishima Foods
Industry, Co., Ltd., (TFI) agreed to increase
the issued and fully paid capital of ITSM from
Rp88,245 to Rp93,445. Related to this, the Company
and TFI injected cash in ITSM amounting to
Rp3,380 and Rp1,820, respectively. The said
injection of TFI amounting to Rp1,820 was
recorded as part of “Advance for stock
subscription from non- controlling interest” in the
consolidated financial position as of December 31,
2017 because until December 31, 2017, the related
notarial deed was on process.
1.
UMUM (lanjutan) 1. GENERAL (continued)
e. Entitas Asosiasi dan Ventura Bersama e. Associates and Joint Ventures
Rincian entitas asosiasi dan ventura bersama Perusahaan adalah sebagai The details of associates and joint ventures of the Company
berikut: follows:
Tahun Beroperasi Persentase Kepemilikan Efektif/ Effective Percentage of Ownership
Secara Komersial/
(AIP)(4)
PT Aston Inti Makmur (AIM) (5) Jakarta 1992 Kepemilikan dan pengelolaan gedung/ 50.0
IOSP IOSP
Sebagaimana dijelaskan pada Catatan 1d, As described in Note 1d, IOSP has become the
IOSP menjadi Entitas Ventura Bersama Company’s Joint Venture since March 2017.
Perusahaan sejak bulan Maret 2017
Peningkatan modal Increase of Capital
Pada bulan Maret 2017, Perusahaan dan OHC In March 2017, the Company and OHC agreed
menyetujui peningkatan modal ditempatkan dan increase the issued and fully paid capital of IOS
disetor penuh IOSP yang semula berjumlah Rp11.726 Rp11,726, which consists of 11,726 shares to
yang terdiri dari 11.726 saham menjadi sejumlah Rp21,726, which consists of 21,726 shares. Re
Rp21.726 terdiri dari 21.726 saham. Terkait dengan to this, the Company and OHC injected cash t
hal tersebut, Perusahaan dan OHC menyetor IOSP amounting to Rp5,000 and Rp5,000,
sejumlah uang ke dalam IOSP masing-masing respectively.
sebesar
Rp5.000 dan Rp5.000.
oint Ventures
es and joint ventures of the Company are as
follows:
kan Efektif/ Effective Percentage of Ownership
31 Des. 2016/
Dec. 31, 2016
5
0
,
0
49.04
9
,
0
39,2
49,0
50.0
50.0
50.0
50.0
tal
2017, the Company and OHC agreed to
he issued and fully paid capital of IOSP from
which consists of 11,726 shares to
which consists of 21,726 shares. Related
Company and OHC injected cash to
ounting to Rp5,000 and Rp5,000,
ly.
1. UMUM (lanjutan) 1. GENERAL (continued)
e. Entitas Asosiasi dan Ventura Bersama e. Associates and Joint Ventures (continued)
(lanjutan)
OIMP OIMP
Pada bulan April 2017, OHC menjual 1%
kepemilikannya di OIMP atau sebanyak 850 saham
kepada Perusahaan senilai Rp850, sehingga
kepemilikan Perusahaan dan OHC di OIMP berubah
dari masing-masing 49% dan 51% sebelumnya
menjadi masing-masing 50% dan 50%. Kemudian
Perusahaan dan OHC menyetujui peningkatan modal
ditempatkan dan disetor penuh OIMP yang
semula berjumlah Rp85.000 yang terdiri dari 85.000
saham menjadi sejumlah Rp86.000 terdiri dari
86.000 saham. Terkait dengan hal tersebut,
Perusahaan dan OHC menyetor sejumlah uang
ke dalam OIMP masing-masing sebesar Rp500 dan
Rp500.
OIMP
In April 2017, OHC sold 1% of its ownership in OIMP
or 850 shares to the Company for a consideration
of Rp850, accordingly, the ownership of the
Company and OHC in OIMP was changed from
previously 49% and 51%, respectively, to
become 50% and 50%, respectively. Thus, the
Company and OHC agreed to increase the issued
and fully paid capital of OIMP from Rp85,000, which
consists of 85,000 shares to Rp86,000, which consists
of 86,000 shares. Related to this, the Company
and OHC injected cash to OIMP amounting to Rp500
and Rp500, respectively.
AAM
Capital reduction
In March 2016, AAM reduced its capital stock and
refunded the Company’s investment in AAM
amounting to US$2,325,000 (or equivalent to
Rp30,960). There is no change in Company’s
effective ownership in AAM from such capital
reduction.
1. UMUM (lanjutan) 1. GENERAL (continued)
e. Entitas Asosiasi dan Ventura Bersama e. Associates and Joint Ventures (continued)
(lanjutan)
AAM (lanjutan) AAM (continued)
Peningkatan modal Increase of capital
Pada bulan Mei 2017, Perusahaan menyetor In May 2017, AAM has an additional capita
tambahan modal sejumlah SGD62.862.545 (setara injection from the Company amounting t
Rp604.043) ke dalam AAM sehingga jumlah SGD62,862,545 (equivalent to Rp604,043)
kepemilikan saham Perusahaan di AAM menjadi the Company’s share ownership in AAM becom
116.246.397 saham atau mewakili 116,246,397 shares or represents 50%
50,0% kepemilikan efektif di AAM. effective ownership in AAM.
Pada bulan Juli 2017, Perusahaan menyetor In July 2017, AAM has an additional capita
tambahan modal sejumlah SGD40.929.090 (setara injection from the Company amounting t
Rp400.000) ke dalam AAM sehingga jumlah SGD42,929,090 (equivalent to Rp400,000)
kepemilikan saham Perusahaan di AAM menjadi the Company’s share ownership in AAM becom
157.175.487 saham atau mewakili 157,175,487 shares or represents 50%
50,0% kepemilikan efektif di AAM. effective ownership in AAM.
f. Manajemen Kunci dan Informasi Lainnya f. Key Management and Other Information
Susunan Dewan Komisaris, Direksi dan Komite Audit The composition of the Company’s Boards
Perusahaan adalah sebagai berikut: Commissioners, Directors and Audit Committe
are as follows:
3 31 Desember 2016/
1 December 31, 2016
Dewan Komisaris Board of Commissioners
D
Komisaris Utama Franciscus Welirang Franciscus Welirang President Commissioner
e
Komisaris Moleonoto Moleonoto Commissioner
s
Komisaris Alamsyah Alamsyah Commissioner
e
m
Komisaris Independen Florentinus Gregorius b Florentinus Gregorius
Winarno e Winarno
Komisaris Independen Hans Kartikahadi r Hans Kartikahadi Independent Commissioner
Komisaris Independen A. Prijohandojo Kristanto A. Prijohandojo Kristanto Independent Commissioner
2
Direksi 0 Board of Directors
Direktur Utama Anthoni Salim 1 Anthoni Salim President Director
Direktur Tjhie Tje Fie 7 Tjhie Tje Fie Director
Direktur Taufik Wiraatmadja / Taufik Wiraatmadja Director
Direktur Axton Salim D Axton Salim Director
Direktur Darmawan Sarsito e Darmawan Sarsito Director
Direktur Werianty Setiawan c Werianty Setiawan Director
Direktur Hendra Widjaja e Hendra Widjaja Director
Direktur Suaimi Suriady m Suaimi Suriady(*) Director
Direktur Sulianto Pratama(*) b Sulianto Pratama Director
Komite Audit e Audit Committee
Ketua Hans Kartikahadi r Hans Kartikahadi Chairman
Anggota A. Prijohandojo Kristanto (**) A. Prijohandojo Kristanto (**) Member
Anggota Hendra Susanto 3 Hendra Susanto Member
(*) Direktur Independen/Independent Director
1 Company’s Audit Committee effective since July 20, 2016
(**) Menjadi Komite Audit Perusahaan efektif sejak tanggal 20 Juli 2016/To become the
,
2
0
1
7
nued)
ociates and Joint Ventures (continued)
ntinued)
of capital
May 2017, AAM has an additional capital
ection from the Company amounting to
GD62,862,545 (equivalent to Rp604,043), thus,
e Company’s share ownership in AAM become
6,246,397 shares or represents 50%
ective ownership in AAM.
July 2017, AAM has an additional capital
ection from the Company amounting to
GD42,929,090 (equivalent to Rp400,000), thus,
e Company’s share ownership in AAM become
7,175,487 shares or represents 50%
ective ownership in AAM.
gement and Other Information
e composition of the Company’s Boards of
mmissioners, Directors and Audit Committee
e as follows:
2016/
2016
Board of Commissioners
President Commissioner
Commissioner
Commissioner
Independent Commissioner
Independent Commissioner
o Independent Commissioner
Board of Directors
President Director
Director
Director
Director
Director
Director
Director
Director
Director
Audit Committee
Chairman
**)
Member
Member
effective since July 20, 2016
1. UMUM (lanjutan) 1. GENERAL (continued)
f. Manajemen Kunci dan Informasi Lainnya f. Key Management and Other Information
(lanjutan) (continued)
Jumlah beban kompensasi bruto bagi The amount of gross compensation for the key
manajemen kunci (termasuk Dewan Komisaris dan management personnel (including Boards of
Direksi) Kelompok Usaha adalah sebagai Commissioners and Directors) of the Group are
berikut: as follows:
2017 2016
Imbalan kerja jangka pendek 199,778 176,107
Imbalan pasca kerja 27,760 23,118
Imbalan terminasi dan imbalan
jangka panjang lainnya 9,112 20,392
Total 236,650 219,617
Pada tanggal 31 Desember 2017, Kelompok As of December 31, 2017, the Grou
Usaha memiliki 29.535 karyawan 29,535 employees (December 31, 2016:
(31 Desember 2016: 28.914 karyawan) (tidak diaudit). 28,914 employees) (unaudited).
Short-term
employee Post-employment benefits Termination benefits and other
benefits
long-term benefits
Total
Principles of Consolidation
The consolidated financial statements comprise the financial
statements of the Company and its subsidiaries as at
December 31, 2017. Control is achieved when the Group is
exposed, or has rights, to variable returns from its
involvement with the investee and has the ability to affect
those returns through its power over the investee. Thus, the
Group controls an investee if and only if the Group has all of
the following:
Investment in Associates
The Group’s investment in its Associates is
accounted for using the equity method. An
Associate is an entity in which the Group has
significant influence. Under the equity method, the cost of
investment is increased or decreased by the Group’s share
in net earnings or losses of and dividends received from
the associate since the date of acquisition. Goodwill relating
to the associate, if any, is included in the carrying
amount of the investment and is neither amortized nor
individually tested for impairment.
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF SIGNIFICANT ACCOUNTING
SIGNIFIKAN (lanjutan) POLICIES (continued)
Investasi pada Entitas Asosiasi (lanjutan) Investment in Associates (continued)
Laporan laba rugi dan penghasilan komprehensif lain
konsolidasian mencerminkan bagian Kelompok Usaha atas
hasil operasi dari entitas asosiasi. Bila terdapat perubahan
yang diakui langsung pada ekuitas entitas asosiasi,
Kelompok Usaha mengakui bagiannya atas perubahan
tersebut dan mengungkapkan hal ini, jika relevan,
dalam laporan perubahan ekuitas konsolidasian. Laba atau
rugi sebagai hasil dari transaksi-transaksi antara
Kelompok Usaha dengan entitas asosiasi
dieliminasi pada jumlah sesuai dengan porsi
kepemilikan Kelompok Usaha dalam entitas
asosiasi.
Fixed Assets
Fixed assets are initially recognized at cost, which
comprises their purchase price and any cost directly
attributable in bringing the assets to their working
condition and to the location where they are
intended to be used. Subsequent to initial
recognition, fixed assets, except land, are carried at cost
less any subsequent accumulated depreciation and
impairment losses, if any.
Land improvements
Aset tak berwujud dengan umur tidak terbatas Intangible assets with indefinite useful life
Setelah pengakuan awal, aset tak berwujud dengan umur
tidak terbatas dicatat pada nilai perolehan dikurangi
akumulasi rugi penurunan nilai, jika ada. Aset tak berwujud
dengan umur tidak terbatas tidak diamortisasi. Masa
manfaat aset tak berwujud dengan umur tidak terbatas
ditinjau setiap tahun untuk menentukan apakah masa
manfaat masih mendukung. Jika tidak, perubahan masa
manfaat dari tidak terbatas menjadi terbatas diterapkan
secara prospektif.
Intangible Assets
Intangible assets are measured on initial recognition at cost.
The cost of intangible assets acquired from business
combinations is initially recognized at fair value as at the
date of acquisition. The useful life of intangible assets are
assessed to be either finite or
indefinite.
Intangible assets with finite useful life
Following initial recognition, intangible assets with finite
useful life are carried at cost less any accumulated
amortization accumulated impairment loss, if any.
Intangible assets with finite life are amortized using
straight-line method over the economic useful life and
assessed for impairment whenever there is an indication
that the intangible assets may be impaired. The
amortization period and the amortization method for
intangible assets
with a finite useful life are reviewed at least at each financial
year end.
Intangible assets with indefinite useful life
Following initial recognition, intangible assets with
indefinite useful life are carried at cost less any
accumulated impairment loss, if any. Intangible assets
with indefinite life are not amortized. The useful life of
intangible assets with an indefinite useful life is reviewed
annually to determine whether the useful life
assessment continues to be supportable. If not, the
change in useful life from indefinite to finite is made on a
prospective basis.
Sewa Operasi - sebagai Lessee Operating Lease - as Lessee
Suatu sewa diklasifikasikan sebagai sewa operasi jika
sewa tidak mengalihkan secara substansial seluruh risiko
dan manfaat yang terkait dengan kepemilikan aset.
Dengan demikian, pembayaran sewa pada tahun berjalan
diakui sebagai beban pada operasi dengan metode garis
lurus (straight-
line method) selama masa sewa.
2. SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (continued)
Leases
The determination of whether an arrangement is, or
contains, a lease is based on the substance of the
arrangement at the inception date. The arrangement is
assessed for whether fulfillment of the arrangement
is dependent on the use of a specific asset or assets or the
arrangement conveys a right to use the asset or assets,
even if that right is not explicitly specified in an arrangement.
Finance Lease - as Lessee
A lease is classified as a finance lease if it transfers
substantially all the risks and rewards incidental to
ownership of the leased assets. Such leases are
capitalized at the inception of the lease at the fair value of
the leased assets or, if lower, at the present value of the
minimum lease payments. Minimum lease payments
are apportioned between the finance expense and
settlement of the lease liability so as to achieve a constant
rate of periodic interest on the remaining balance of liability.
Finance charges are charged directly to profit or loss.
Operating Lease - as Lessee
A lease is classified as an operating lease if it does not
transfer substantially all the risks and rewards incidental
to ownership of the leased assets. Therefore, the
related lease payments are recognized as expense
in the current year operations using the straight-line
method over the
lease term.
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF SIGNIFICANT ACCOUNTING
SIGNIFIKAN (lanjutan) POLICIES (continued)
Beban Ditangguhkan Deferred Charges
Biaya-biaya tertentu terutama terdiri atas biaya- biaya
dan beban-beban lain sehubungan dengan biaya
perpanjangan hak atas tanah dan biaya perolehan
sistem perangkat lunak yang mempunyai masa manfaat lebih
dari satu tahun, ditangguhkan dan diamortisasi selama masa
manfaatnya dengan menggunakan metode garis lurus.
Beban-beban ini disajikan dalam akun “Beban Ditangguhkan
- Neto”
pada laporan posisi keuangan konsolidasian.
Biaya Pinjaman Borrowing Costs
Biaya pinjaman yang dapat diatribusikan langsung dengan
perolehan, pembangunan atau pembuatan aset
kualifikasian, jika ada, dikapitalisasi sebagai bagian biaya
perolehan aset tersebut. Sebaliknya, biaya pinjaman lainnya
diakui sebagai beban pada saat terjadi. Biaya pinjaman terdiri
dari biaya bunga dan biaya lain yang ditanggung
Kelompok Usaha
sehubungan dengan peminjaman dana.
Kapitalisasi biaya pinjaman dimulai pada saat aktivitas
yang diperlukan untuk mempersiapkan aset agar dapat
digunakan sesuai dengan maksudnya dan pengeluaran
untuk aset kualifikasian dan biaya pinjamannya telah
terjadi. Kapitalisasi biaya pinjaman dihentikan ketika
secara substansial seluruh aktivitas yang
diperlukan untuk
mempersiapkan aset kualifikasian agar dapat
digunakan sesuai dengan maksudnya telah selesai.
Pendapatan dan Beban Revenue and Expenses
Pendapatan diakui bila besar kemungkinan manfaat ekonomi
akan diperoleh oleh Kelompok Usaha dan jumlahnya dapat
diukur secara handal. Pendapatan diukur pada nilai wajar
pembayaran yang diterima
atau nilai piutang, tidak termasuk diskon, rabat dan Pajak
Pertambahan Nilai (PPN).
Kriteria spesifik berikut juga harus dipenuhi sebelum
pendapatan diakui:
Penjualan Barang dan Jasa Sale of Goods and Services
Pendapatan dari penjualan yang timbul dari
pengiriman fisik produk-produk Kelompok Usaha diakui
bila risiko dan manfaat yang signifikan telah dipindahkan
kepada pembeli, yang pada umumnya bersamaan waktunya
dengan pengiriman dan penerimaannya. Pendapatan
jasa diakui saat jasa
diberikan.
2. SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (continued)
Deferred Charges
Certain expenditures consisting primarily of costs and
expenses relating to renewal cost for land rights and for
cost of software systems, which benefits extend over a
period of more than one year, are deferred and
amortized over the periods benefited using the straight-line
method. These expenses are presented in “Deferred
Charges - Net” account in the consolidated statement of
financial position.
Borrowing Costs
Borrowing costs that are directly attributable to
acquisition, construction or production of a
qualifying asset, if any, are capitalized as part of the cost of
the related asset. Otherwise, borrowing costs are
recognized as expenses when incurred. Borrowing
costs consist of interests and other financing
charges that the Group incurs in
connection with the borrowing of funds.
Capitalization of borrowing costs commences when the
activities to prepare the qualifying asset for its intended use
are in progress and the expenditures for the qualifying asset
and the borrowing costs have been incurred. Capitalization
of borrowing costs ceases when all the activities necessary
to prepare the qualifying assets are substantially completed
for their intended use.
Pajak Tangguhan Deferred Tax
Aset dan liabilitas pajak tangguhan diakui
menggunakan metode liabilitas atas konsekuensi pajak
pada masa mendatang yang timbul dari perbedaan
jumlah tercatat aset dan liabilitas menurut laporan keuangan
dengan dasar pengenaan pajak aset dan liabilitas pada
setiap tanggal pelaporan. Liabilitas pajak tangguhan
diakui untuk semua perbedaan temporer kena pajak dan
aset pajak tangguhan diakui untuk perbedaan temporer
yang boleh dikurangkan dan akumulasi rugi fiskal,
sepanjang besar kemungkinan perbedaan temporer yang
boleh dikurangkan dan akumulasi rugi fiskal tersebut
dapat dimanfaatkan untuk mengurangi laba
kena pajak pada masa depan.
2. SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (continued)
Revenue and Expenses (continued)
Interest Income/Expense
For all financial instruments measured at amortized cost,
interest income or expense is recorded using the effective
interest rate (EIR), which is the rate that exactly discounts
the estimated future cash payments or receipts over
the expected life of the financial instrument or a shorter
period, where appropriate, to the net carrying amount of
the financial asset or liability.
Taxation
Current Tax
Deferred Tax
Deferred tax assets and liabilities are recognized using
the liability method for the future tax consequences
attributable to differences between the carrying
amounts of existing assets and liabilities in the
financial statements and their respective tax bases
at each reporting date. Deferred tax liabilities are
recognized for all taxable temporary differences and
deferred tax assets are recognized for deductible
temporary differences and accumulated fiscal losses to the
extent that it is probable that taxable income will be
available in future years against which the deductible
temporary
differences and accumulated fiscal losses can be
utilized.
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF SIGNIFICANT ACCOUNTING PO
SIGNIFIKAN (lanjutan) (continued)
Perpajakan (lanjutan) Taxation (continued)
Pajak Tangguhan (lanjutan) Deferred Tax (continued)
Jumlah tercatat aset pajak tangguhan ditelaah ulang
pada akhir setiap periode pelaporan dan diturunkan
apabila laba fiskal mungkin tidak memadai untuk
mengkompensasi sebagian atau semua manfaat aset
pajak tangguhan tersebut. Pada akhir setiap periode
pelaporan, Kelompok Usaha menilai kembali aset pajak
tangguhan yang tidak diakui. Kelompok Usaha mengakui aset
pajak tangguhan yang sebelumnya tidak diakui apabila
besar kemungkinan bahwa laba fiskal pada masa depan
akan tersedia untuk pemulihannya.
VAT
Revenue, expenses and assets are recognized net of the
amount of VAT except:
(i) Where the VAT incurred on a purchase of assets or
services is not recoverable from the Tax Office, in which
case the VAT is recognized as part of the cost of
acquisition of the asset or as part of the expense item
as applicable; and
(ii) Receivables and payables that are stated with the
amount of VAT included.
Provisions
Provisions are recognized when the Group has a
present obligation (legal or constructive) where, as a result
of a past event, it is probable that an outflow of resources
embodying economic benefits will be required to settle the
obligation and a reliable estimate of the amount of the
obligation can be made.
Transaksi dan Saldo dalam Mata Uang Asing Foreign Currency Transactions and Balances
Transaksi dalam mata uang asing dicatat dalam Rupiah
berdasarkan kurs yang berlaku pada saat transaksi
dilakukan. Pada tanggal pelaporan, aset dan liabilitas
moneter dalam mata uang asing dijabarkan sesuai
dengan rata-rata kurs jual dan beli yang diterbitkan oleh Bank
Indonesia pada tanggal transaksi perbankan terakhir untuk
periode yang bersangkutan, dan laba atau rugi kurs yang
timbul, dikreditkan atau dibebankan pada operasi tahun
yang bersangkutan.
2. SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (continued)
Transactions with Related Parties (continued)
The transactions are made based on terms agreed by the
parties, which may not be the same as those of the
transactions between unrelated parties.
Pada saat pengakuan awal, aset keuangan diukur At initial recognition, financial assets are
pada nilai wajar. Dalam hal investasi tidak diukur pada recognized at fair value. In the case o
nilai wajar melalui laba rugi, nilai wajar tersebut investments not at fair value through profit
ditambah dengan biaya the fair value shall include directly attrib
transaksi yang dapat diatribusikan secara langsung. transaction costs.
Aset keuangan Kelompok Usaha mencakup kas dan The Group’s financial assets include cash and
setara kas, investasi jangka pendek, piutang usaha, equivalents, short-term investments, accou
piutang bukan usaha, investasi jangka panjang dan aset receivable - trade, accounts receivable
tidak lancar lainnya - piutang jangka panjang,. trade, long-term investments and other non
current assets - long-term
receivables.
Pengukuran setelah pengakuan awal Subsequent measurement
Pinjaman yang diberikan dan piutang Loans and receivables
Financial Instruments
i. Financial assets
Initial recognition and measurement
Financial assets within the scope of the PSAK
No. 55 are classified as financial assets at fair value
through profit or loss, loans and receivables, held-
to-maturity investments and available-for-sale
financial assets. The Group determines the
classification of its financial assets at initial
recognition and, where allowed and appropriate, re-
evaluates this designation at each financial year end.
Impairment of financial assets
The Group assesses at each reporting date
whether there is any objective evidence that a financial
asset or a group of financial assets is impaired. A
financial asset or a group of financial assets is
deemed to be impaired if, and only if, there is an
objective evidence of impairment as a result of one
or more events that has occurred after the initial
recognition of the asset (an incurred “loss event”)
and that loss event has an impact on the
estimated future cash flows of the financial asset or
the group of financial assets that can be reliably
estimated.
Saat pengakuan awal, liabilitas keuangan diukur Financial liabilities are recognized initially at fa
pada nilai wajar dan, dalam hal utang and, in the case of loans and borrowings,
dan pinjaman, termasuk biaya transaksi yang dapat inclusive of directly attributable transaction
diatribusikan secara langsung.
2. SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (continued)
Financial Instruments (continued)
i. Financial assets (continued)
Impairment of financial assets (continued)
AFS financial assets (continued)
Penghentian pengakuan Derecognition
Liabilitas keuangan dihentikan pengakuannya ketika
kewajiban yang ditetapkan dalam kontrak dilepaskan
atau dibatalkan atau kadaluarsa.
Ketika liabilitas keuangan yang saat ini ada
digantikan dengan liabilitas keuangan lain dari pemberi
pinjaman yang sama dengan ketentuan yang
berbeda secara substansial, atau modifikasi secara
substansial atas liabilitas keuangan yang saat ini ada,
maka pertukaran atau modifikasi tersebut dicatat
sebagai penghapusan liabilitas keuangan awal dan
pengakuan liabilitas keuangan baru dan selisih antara
nilai tercatat liabilitas keuangan tersebut
diakui dalam laba rugi.
Derecognition
A financial liability is derecognized when the
obligation under the liability is discharged or
cancelled or has expired.
When an existing financial liability is replaced by
another from the same lender on
substantially different terms or the terms of an existing
liability are substantially modified, such an exchange
or modification is treated as a derecognition of the
original liability and the recognition of a new liability,
and the difference in the respective carrying
amounts is recognized in profit or loss.
Judgments
The following judgments are made by management in the
process of applying the Group’s accounting policies that
have the most significant effects on the
amounts recognized in the consolidated financial
statements:
Determination of Functional Currency
The functional currency of each of the entities under the
Group is the currency that mainly influences the revenue
and expenses from sale of goods and services rendered
as well as source of financing. Based on the economic
substance of the relevant underlying circumstances, the
functional and
presentation currency of the Company and all its
Subsidiaries in Indonesia is the Rupiah.
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
Pertimbangan (lanjutan) Judgments (continued)
Klasifikasi Aset dan Liabilitas Keuangan Classification of Financial Assets and Financial Liabilities
Penyisihan atas Kerugian Penurunan Nilai atas
Piutang Usaha - Evaluasi Kolektif
Bila Kelompok Usaha memutuskan bahwa tidak terdapat
bukti objektif atas penurunan nilai pada evaluasi
individual atas piutang usaha, baik yang nilainya signifikan
maupun tidak, Kelompok Usaha menyertakannya dalam
kelompok piutang usaha dengan karakteristik risiko kredit
yang serupa dan melakukan evaluasi penurunan nilai
secara kolektif. Karakteristik yang dipilih mempengaruhi
estimasi arus kas masa depan atas kelompok piutang usaha
tersebut karena merupakan indikasi kemampuan
pelanggan untuk melunasi jumlah terutang.
Allowance for Impairment Losses on Trade
Receivables - Collective Assessments
If the Group determines that no objective evidence of
impairment exists for an individually assessed accounts
receivable - trade, whether significant or not, it includes
the asset in a group of financial assets with similar
credit risk characteristics and collectively assesses them
for impairment. The characteristics chosen are relevant to
the estimation of future cash flows for groups of such
accounts receivable - trade by being indicative of
the customers’ ability to pay all amounts due.
Depreciation of Fixed Assets
The costs of fixed assets are depreciated on a straight-
line method over their estimated useful lives.
Management estimates the useful lives of these fixed
assets to be within 2 to 30 years. These are common life
expectancies applied in the industries where the Group
conducts its businesses. Changes in the expected level
of usage and technological development could
impact the economic useful lives and the residual
values of these assets, and therefore future
depreciation charges could be revised. The net carrying
amount of the Group’s fixed assets at reporting dates
are
disclosed in Note 10.
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Instrumen Keuangan Financial Instruments
Kelompok Usaha mencatat aset keuangan tertentu pada nilai
wajar, yang mengharuskan penggunaan estimasi akuntansi.
Sementara komponen signifikan dalam pengukuran
nilai wajar ditentukan menggunakan bukti obyektif yang
dapat diverifikasi, jumlah perubahan nilai wajar dapat
berbeda bila Kelompok Usaha menggunakan
metodologi penilaian yang berbeda. Perubahan nilai wajar
aset keuangan tersebut dapat mempengaruhi secara
langsung laba rugi Kelompok Usaha.
Deferred Tax Assets
Deferred tax assets are recognized for temporary
differences unused tax losses to the extent that it is probable
that taxable income will be available against which
the losses can be utilized. Significant management
estimates are required to determine the amount of
deferred tax assets that can be recognized, based upon
the likely timing and the level of future taxable income
together with future tax planning strategies.
Purchase Price Allocation
Acquisition accounting requires extensive use of
accounting estimates to allocate the purchase price to the
fair values of the assets and liabilities
acquired, if any.
4. KAS DAN SETARA KAS 4. CASH AND CASH EQUIVALENTS
Kas dan setara kas terdiri dari: Cash and cash equivalents consist of:
31 Desember 2017/ 31 Desember 2016/
December 31, 2017 December 31, 2016
Kas 6.589 6,971
Kas di bank Dalam Rupiah
mengambang sesuai dengan tingkat penawaran pada based on the offered rate from each bank. The r
masing-masing bank. Kisaran tingkat suku annual interest rates of the time deposits were as foll
bunga tahunan dari deposito berjangka adalah
sebagai berikut:
Tahun yang berakhir pada tanggal 31
Desember/Year ended December 31,
Mata Uang 2017 2016
Rupiah 5,00% - 8,00% 7,00% - 9,65%
Mata uang asing 0,75% - 2,10% 0,75% - 2,00%
Pada tanggal-tanggal pelaporan tidak terdapat saldo kas dan At the reporting dates, there were no balances of
setara kas dengan pihak berelasi. cash and cash equivalents with related parties.
AND CASH EQUIVALENTS
h and cash equivalents consist of:
Cash
Cash in banks In Rupiah
Sifat dari hubungan dan transaksi antara Kelompok Usaha The nature of relationships and transactions of the G
dengan pihak yang berelasi dijelaskan pada Catatan 32. with related parties are explained in Note 32.
Analisis umur piutang usaha adalah sebagai berikut: The aging analysis of accounts receivable - trade is
as follows:
31 Desember 2017/ 31 Desember 2016/
December 31, 2017 December 31, 2016
Third Parties
In Rupiah
PT Procter & Gamble Operations Indonesia
PT Unilever
Indonesia
PT KembarTbk Putra
Makmur PT
PT AlamjayaIntibog
Wirasentosa
PT Mahameru a
Mitra
Makmur Mandir
PT
i
URC
PT
Indone
Kao
PT Ultra
Prima
Attasali Jordania Commercial sia
Indone
Est. Abadisia
PT Unicharm
PTIndonesia
Liwayway
Others (each below
InRp20,000)
foreign currencies (Note 36)
Al-Qimma Al-Masseyeh General
Procte
Attasali Jordania Commercial r&
Est. Others (each below Gambl
Rp20,000) e
Total - Third Parties
) Allowance for individual impairment losses
esember 2016/
ember 31, 2016
Neither
past due
nor
impaired
Past 1 - 30 days
due but 31 - 60 days
not 61 - 90 days
impaired
: More than 90 days
Past
due impaired
and/or
Total
individu
ally
6. PIUTANG USAHA (lanjutan) 6. ACCOUNTS RECEIVABLE - TRADE (continued)
Analisis mutasi saldo penyisihan atas kerugian An analysis of the movements in the balance of
penurunan nilai piutang usaha secara individual adalah allowance for individual impairment losses on trade
sebagai berikut: receivables is as follows:
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31,
2017 2016
PERSEDIAAN 7. INVENTORIES
7
Analisis perubahan saldo penyisihan atas kerugian An analysis of the movements in the balance of
penurunan nilai persediaan adalah sebagai berikut: allowance for decline in values of inventories is as
follows:
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31,
2017
2016
Beginning
balance
Addition
(deduction
Reversal and/or write-offs
):
) during the year
Provisions
during the Ending balance
year
34 for the credit risk on trade receivables.
ment is of the opinion that the above
e for impairment losses on trade
es is adequate to cover possible losses from
ollection of accounts.
as no account receivable - trade used as
at the reporting dates.
F
iW
n
o Raw and packaging materials Fuel, general supplies,
ir
ks
h spare parts and others
e
iI
d
n
T
v-o
g
p
e Allowance for decline in
to
ra
n values of inventories
o
to
lN
d
c
o
e
s
re
sis of the movements tis in the balance of
e for decline ines values of inventories is as
s
i
n
Begin
t
ning
balan r
ce a
Reversal and/or
n write-offs
Additi
) during the year
on s
(dedu i Ending balance
ction): t
Provis
ions
during
the
year
7. PERSEDIAAN (lanjutan) 7. INVENTORIES (continued)
Berdasarkan hasil penelaahan terhadap harga pasar Based on a review of the market prices and physical
dan kondisi fisik dari persediaan pada tanggal pelaporan, conditions of the inventories as at the reporting d
manajemen berkeyakinan bahwa penyisihan tersebut management believes that the above allowance
di atas cukup untuk menutup kemungkinan kerugian adequate to cover any possible losses from decline in
dari penurunan nilai persediaan. values of inventories.
Pemulihan penyisihan atas penurunan nilai The above reversal of allowance for decline in va
persediaan tersebut di atas, jika ada, diakui jika inventories, if any, was recognized in view of the sale
persediaan terkait terjual kepada pihak ketiga. related inventories to third parties.
Pada tanggal 31 Desember 2017, persediaan As of December 31, 2017, inventories are covered by
dilindungi dengan asuransi terhadap risiko insurance against losses by fire and other risks under
kebakaran dan risiko lainnya berdasarkan paket polis policy package with insurance coverage totaling
dengan jumlah pertanggungan sebesar Rp2.657.552 Rp2,657,552 (December 31, 2016: Rp2,590,6
(31 Desember 2016: Rp2.590.606), which, in management’s opinion, is adequate to co
yang menurut pendapat manajemen cukup untuk any possible losses that may arise from the said in
menutup kemungkinan kerugian yang timbul dari risiko risks (Note 32).
yang dipertanggungkan (Catatan 32). There were no inventories used as collateral at the re
Tidak ada persediaan yang dijaminkan pada tanggal- dates.
tanggal pelaporan.
NVESTMENTS
e details of long-term
Associates and
Joint Ventures
NICI
AIBM
PCIB
OIMP
AAM
IOSP (Note 1)
At cost method
Available-for-sale
financial assets
Total
) )
9. INVESTASI JANGKA PANJANG (lanjutan) 9. LONG-TERM INVESTMENTS (continued)
Berikut ini adalah rincian investasi jangka panjang: (lanjutan) The following describes the details of long-term
investments: (continued)
Tahun yang berakhir pada tanggal 31 Desember 2016/
Year ended December 31, 2016
Akumulasi Bagian Penghasilan
(Rugi) Neto dan
Laba (Rugi) Komprehensif
Lain Entitas Asosiasi serta Laba
(Rugi) yang Belum Terealisasi dari Penambahan
Aset Keuangan Tersedia untuk
2017 2016
Penjualan neto 3,216,923 2,822,253 Net sales
Rugi neto entitas asosiasi dan ventura Net losses
bersama (376,952) (201,362) of
Bagian Kelompok Usaha atas rugi neto entitas associates
The
and joint
Group’s
asosiasi dan ventura bersama (184,862) (99,238) of associates and joint ventu
Bagian rugi komprehensif lain dari entitas share in net
Share of
losses
other
asosiasi dan ventura bersama setelah losses of associates and joint ventures, net
pajak (5,792) (1,879) comprehen
sive
ntinued)
the details of long-term
A
Js
so
N
o
IiA
cn
C
Ii
P
tIB
C
O
a
M
ItV
A
B
M
e
A
e
At cost method P
sn
M
t
a Available-for-sale
u financial assets
n
r
d Total
e
0
information of associates
ventures
Nilai Tercatat
Hak atas tanah, sarana dan
prasarana tanah 645.038 210,715 29,571 7,351 833,533
Bangunan, struktur dan
pengembangan bangunan 2.774.882 38,211 4,537
65,479
2,874,035
267,441 30,328
7,353,566
Akumulasi Penyusutan dan Amortisasi
Hak atas tanah, sarana dan
2,774,882
7,393
/169,669
Mesin dan peralatan 6.047.982
554,508
52,853
6,719,306
B
Alat-alat transportasi 302.221 e52,719 5,759
57,582
303,117
Perabotan dan peralatan g Furniture, fixtures and
i67,646
kantor 464.609 556.833 office equipment
17,092 41,670
n
yang disewa 15.657 n 641 - 18.999 Leasehold improvements
3,983
i
Aset tetap dalam n
pembangunan 931,511 g
632,745 - 1,111,532 ) 452,724
Total Nilai Tercatat 10,401,682 B
934,956 128,655 262,916 11,470,899
a
Pengembangan gedung l
a
n
c
e
Saldo Akhir/
Ending Balance
A
Akumulasi Penyusutan dan c Depreciation and
c
Amortisasi Amortization
u
Hak atas tanah, sarana dan L
m
prasarana tanah 19,165 3,961 - 23,126 a u improvements
Bangunan, struktur dan - n
B
l
d
pengembangan bangunan 722,263 113,799 203 835,859 u a and improvements
Mesin dan peralatan 2,611,486 376,051 44.902 - 2,942,635 itM
rle
Alat-alat transportasi 180,635 41,952 -
33.858 188,729 T a
id
Perabotan dan peralatan - rcg
F
ih
kantor 306,594 66,419 15.107 357,906 u a
h office equipment
n
it
Pengembangan gedung yang - rn
g
sn
n
s
disewa 5,879 2,750 273 - 8,356 L se
ip
,T
e
ra
to
a
ryn
o
Total Akumulasi Penyusutan u Depreciation and
st
dan Amortisasi 3,846,022 604,932 94,343 - 4,356,611 rd t
e
a Amortization
e
r
Nilai Tercatat Neto 6,555,660 7,114,288 N h
n
l,tl
u
o
d
e
i
*) termasuk reklasifikasi dari uang muka untuk pembelian aset tetap sebesar Rp262.916/including reclassifications from advance for purchase of fixeda tlcA assets amounting to
Rp262,916.
o
fn
tcn
d
e
id
u fixed assets is as follows:
Analisis penjualan aset tetap adalah sebagai The analysis of the sale of q
cC
xr
i
a
u
e
berikut: te
rm
ium
q
su
rp
p
Tahun yang berakhir pada tanggal 31 Desember/ r
Year ended December 31, lrim
y e
o
e
ia
p
2017 2016 s
vn
tm
Penerimaan dari penjualan 28,714 32,891 Pr e
t
g
e
a
m
Nilai tercatat neto dari aset tetap yang dijual (24,288) oc
27,784 ) d
n
e
eeN A
t
Laba neto atas penjualan aset tetap 4,426 5,107 dsN d
et n
m
et
fro to
Aset tetap dalam pembangunan terdiri dari: Constructions in progress ca consist
gam
rry su of:
31 Desember 2017/December in
sain n31, 2017
Perkiraan % Tahun on le
Perkiraan
g t
sa
a
le
Penyelesaian/ Estimated % of Completion Nilai Tercatat/ Penyelesaian/ Estimated m Year
Carrying Amount of
of Completion
ou
fix
ednt
asof
fix
se
ed
ts
as
se
ts
so
ld
Sarana dan prasarana tanah 5% - 10% 2,092 2018 - 2019
Bangunan, struktur dan
pengembangan bangunan 2% - 99% 511,131 2018 - 2019
Mesin dan peralatan 4% - 99% 555,665 2018 - 2019
Perabotan dan peralatan kantor 6% - 99% 7,606 2018 - 2019
Total 1,076,494
31 Desember 2016/December 31, 2016
Perkiraan % Tahun Perkiraan
A
c Depreciation and
c
Amortization
u
L
m
a
u improvements
n
B
l
d
u
a and improvements
itM
rle
a
T
id
rcg
F
ih
a
u
h office equipment
n
it
rn
g
sn
n
sL
se
ip
,T
e
ra
to
a
ryn
o u Depreciation and
st
rd
t Amortization
e
a
e
r
h
n
N
l,tl
u
o
d
e
i
purchase of fixeda tlcA assets amounting to
o
fn
tcn
d
e
id
u fixed assets is as follows:
of the sale of q
cC
xr
iu
a
e
te
rm
imq
u
srp
p
u
r
lrim
y e
o
e
ia
p
s
vn
tm
Pr e
t
g
e
a
m
oc
) d
n
e
eeN A
t
N d
dset n
m
et
fro to
ca
gress consist
gam
rry su of:
in
sa
17/December
in n31, 2017
n onle
Perkiraan
g t
sa
a
le
m
of
ou
fix
ednt Land improvement Buildings,
asof structures and
fix
se improvements Machinery and
ed
ts equipment
as Furniture, fixtures and office
se equipment
ts Total
so
ld
2017 2016
Pada tanggal 31 Desember 2017, nilai perolehan aset As of December 31, 2017, the acquisition costs of Gr
tetap Kelompok Usaha yang telah disusutkan penuh fixed assets that have been fully
namun masih digunakan sebesar Rp1.936.655. depreciated but are still being utilized amounting to
Rp1,936,655.
Jenis kepemilikan hak atas tanah Kelompok Usaha The Group’s titles of ownership of land rights are all i
seluruhnya berupa Hak Guna Bangunan (HGB). Hak atas form of HGB. These land rights have remainin
tanah tersebut akan berakhir pada berbagai tanggal terms expiring at various dates upto 2069. Managem
sampai tahun 2069. Manajemen berpendapat bahwa hak of the opinion that the terms of these land rights can
atas tanah tersebut dapat renewed/extended upon their
diperbaharui/diperpanjang pada saat jatuh tempo. expiration.
Pada tanggal 31 Desember 2017, aset tetap As of December 31, 2017, the fixed assets are c
dilindungi dengan asuransi terhadap risiko by insurance against losses from fire and other risk
kebakaran dan risiko lainnya berdasarkan paket polis under a policy package with insurance cov
dengan jumlah pertanggungan sebesar Rp16.101.173 totaling Rp16,101,173 (December 31, 2016:
(31 Desember 2016: Rp14.949.625), Rp14,949,625) which, in management’s opinion,
yang menurut pendapat manajemen cukup untuk adequate to cover possible losses that may arise f
menutup kemungkinan kerugian dari risiko yang said insured
dipertanggungkan (Catatan 32). risks (Note 32).
Manajemen berpendapat bahwa nilai tercatat semua Management is of the opinion that the carrying a
aset tetap dapat terealisasi seluruhnya dan oleh karena itu, of all fixed assets are fully recoverable, and, hence, n
tidak diperlukan adanya penyisihan down for impairment in fixed assets
atas kerugian penurunan nilai aset tetap. value is necessary.
Tidak ada aset tetap yang dijaminkan pada tanggal- tanggal There were no fixed assets used as collateral as at
pelaporan. the reporting dates.
SETS (continued)
xed assets include certain machineries acquired by
DLK under long-term installment payables (Note 17).
he carrying amount of such machineries amounting to
p103,796 as of December 31, 2017 (December 31, 2016:
p78,563).
Cost of
goods
Selling
sold
and
Gener
distribu
alTotal
and
tion
admini
s of Decemberexpens
strative
31, 2017, the acquisition costs of Group’s
es
xed assets expens
that have been fully
es
epreciated but are still being utilized amounting to
p1,936,655.
he Group’s titles of ownership of land rights are all in the
rm of HGB. These land rights have remaining
rms expiring at various dates upto 2069. Management is
the opinion that the terms of these land rights can be
newed/extended upon their
xpiration.
s of December 31, 2017, the fixed assets are covered
y insurance against losses from fire and other risks
nder a policy package with insurance coverage
totaling Rp16,101,173 (December 31, 2016:
p14,949,625) which, in management’s opinion, is
dequate to cover possible losses that may arise from the
aid insured
sks (Note 32).
anagement is of the opinion that the carrying amount
all fixed assets are fully recoverable, and, hence, no write
own for impairment in fixed assets
alue is necessary.
here were no fixed assets used as collateral as at
e reporting dates.
11. KOMBINASI BISNIS, GOODWILL DAN ASET TAK 11. BUSINESS COMBINATION, GOODWILL AND
BERWUJUD INTANGIBLE ASSETS
Goodwill Goodwill
Saldo goodwill pada tanggal 31 Desember 2017 dan
31 Desember 2016 masing-masing sebesar
Rp1.424.030.
Seperti diungkapkan pada Catatan 2, Kelompok Usaha
melakukan pengujian penurunan nilai atas goodwill yang
tercatat pada laporan posisi keuangan
konsolidasian.
Goodwill tersebut dialokasikan ke IDLK sebagai UPK
untuk pengujian penurunan nilai yang dilakukan
setiap tahun, termasuk jika ada indikasi penurunan nilai
goodwill pada tanggal-tanggal
pelaporan.
Tidak ada kerugian penurunan nilai yang diakui pada
tanggal-tanggal pelaporan, karena jumlah terpulihkan
dari goodwill yang disebutkan di atas lebih tinggi dari
nilai tercatatnya. Ringkasan dari pengujian penurunan
nilai goodwill di atas diungkapkan pada paragraf-
paragraf berikut.
Untuk tujuan pengujian penurunan nilai tersebut, jumlah
terpulihkan goodwill yang dialokasikan ditentukan
berdasarkan “nilai pakai” (value in use) dengan
menggunakan metode arus kas yang didiskontokan.
Berikut adalah ringkasan dari asumsi
utama yang digunakan:
31 Desember 2017/
December 31, 2017
Tingkat diskonto 11,22% 12,92% Discount rate
Tingkat pertumbuhan majemuk 5,00% 4,00% Terminal growth rate
Proyeksi arus kas setelah tahun yang dicakup dalam
proyeksi, diekstrapolasi menggunakan estimasi tingkat
pertumbuhan majemuk tersebut di atas. Tingkat diskonto
yang diterapkan pada proyeksi arus kas dihasilkan dari
rata-rata tertimbang biaya modal dari UPK terkait. Tingkat
pertumbuhan yang digunakan tidak melebihi tingkat
rata-rata
pertumbuhan jangka panjang pada industri di negara
tempat entitas beroperasi.
11. BUSINESS COMBINATION, GOODWILL AND
INTANGIBLE ASSETS
Goodwill
The balance of goodwill as of December 31, 2017 and
December 31, 2016 each amounting to
Rp1,424,030.
As disclosed in Note 2, the Group performed
impairment test on goodwill reported in the
consolidated statement of financial position.
31 Desember 2016/
December 31, 2016
% 12,92% Discount rate
% 4,00% Terminal growth rate
The projected cash flows beyond the projected years are
extrapolated using the estimated terminal growth rate
indicated above. The discount rate applied to the
projected cash flow are derived from the weighted
average cost of capital of the respective CGU. The
terminal growth rate used does not exceed the long-term
average growth rate
of the industry in the country where the entities operate.
11. KOMBINASI BISNIS, GOODWILL DAN ASET TAK 11. BUSINESS COMBINATION, GOODWILL AND
BERWUJUD (lanjutan) INTANGIBLE ASSETS (continued)
Perubahan terhadap asumsi yang digunakan oleh Changes to the assumptions used by the
manajemen dalam menentukan jumlah terpulihkan, termasuk management to determine the recoverable value,
tingkat diskonto dan tingkat pertumbuhan majemuk, dapat including the discount and terminal growth rates,
berdampak signifikan pada hasil pengujian. Manajemen have significant impact on the results of the
berkeyakinan bahwa tidak terdapat alasan yang assessment. Management is of the opinion that t
memungkinkan asumsi utama di atas untuk berubah no reason for possible change in any of the key assu
sehingga menyebabkan nilai tercatat goodwill menjadi stated above that would cause the
lebih tinggi dari nilai carrying amount of goodwill to materially exceed its
terpulihkannya secara material. respective recoverable value.
Aset Tak Berwujud Intangible Assets
Analisis mutasi saldo aset tak berwujud adalah sebagai An analysis of the movements of intangible assets is
berikut: as follows:
Aset Tak Berwujud dengan umur terbatas/ Aset Tak Berwujud dengan umur tidak terbatas/
Intangible Assets with finite useful life Intangible Assets with
indefinite useful life Total
Tahun yang berakhir pada tanggal 31 Desember
2017/Year ended December 31, 2017
Nilai Tercatat/Carrying Amount
Saldo Awal/Beginning Balance 2,664,767 962,754
Penambahan/Additions Pengurangan/Deductions - -
- -
Saldo Akhir/Ending Balance 2,664,767 962,754
Akumulasi Amortisasi/Rugi Penurunan Nilai/
Accumulated Amortization/Impairment Loss
Saldo Awal/Beginning Balance 1,132,524 165,000
Penambahan/Additions 133,238 366,619
Pengurangan/Deductions - -
Saldo Akhir/Ending Balance 1,265,762 531,619
Nilai Tercatat Neto/Net Carrying Amount 1,399,005 431,135
TION, GOODWILL AND
inued)
ssumptions used by the
mine the recoverable value,
and terminal growth rates, may
t on the results of the
ment is of the opinion that there is
change in any of the key assumptions
cause the
dwill to materially exceed its
value.
-
-
3,627,521
1,297,524
499,857
-
1,797,381
11. KOMBINASI BISNIS, GOODWILL DAN ASET TAK 11. BUSINESS COMBINATION, GOODWILL AND
BERWUJUD (lanjutan) INTANGIBLE ASSETS (continued)
Aset Tak Berwujud (lanjutan) Intangible Assets (continued)
Analisis mutasi saldo aset tak berwujud adalah sebagai An analysis of the movements of intangible assets is
berikut: (lanjutan) as follows: (continued)
Aset Tak Berwujud dengan Aset Tak Berwujud dengan umur tidak terbatas/
umur terbatas/ Intangible Intangible Assets with
Assets with finite useful life indefinite useful life Total
Tahun yang berakhir pada tanggal 31 Desember
2016/Year ended December 31, 2016
Nilai Tercatat/Carrying Amount
Saldo Awal/Beginning Balance 2.664.767 962.754
Penambahan/Additions - -
Pengurangan/Deductions - -
Saldo Akhir/Ending Balance 2,664,767 962,754
Akumulasi Amortisasi/Rugi Penurunan Nilai/
Accumulated Amortization/Impairment Loss
Saldo Awal/Beginning Balance 999,286 -
Penambahan/Additions Pengurangan/Deductions 133.238 165.000
- -
Saldo Akhir/Ending Balance 1,132,524 165,000
Nilai Tercatat Neto/Net Carrying Amount 1,532,243 797,754
Aset tak berwujud dengan umur terbatas Intangible assets with finite useful life
Aset tak berwujud dengan umur terbatas, yang timbul The intangible assets with finite useful life, which
sehubungan dengan transaksi akuisisi Drayton terdiri in connection with the acquisition of Drayton, consist
dari merek-merek dagang atas produk yang diproduksi brand names of the products produced by IDLK, is
oleh IDLK, diamortisasi selama 20 tahun sejak tahun amortized for 20 years period starting 2008. The
2008. Merek-merek tersebut di antaranya adalah Indomilk, names include, among others, Indomilk, Cap Enaak
Cap Enaak, Sapi, Kremer and
Tiga Sapi, Kremer dan Indoeskrim. Indoeskrim.
Aset tak berwujud dengan umur tidak terbatas Intangible assets with indefinite useful life
Aset tak berwujud dengan umur tidak terbatas, yang The intangible assets with indefinite useful life, m
terutama terdiri dari merek dagang terdaftar (CLUB) AMDK consist of the registered brand name (CLUB) of the P
yang dijual oleh TMP dan jaringan distribusi dan pelanggan sold by TMP and the distribution and customer netw
yang timbul sehubungan dengan transaksi akuisisi aset connection with the related acquisition of assets of
dari perusahaan-perusahaan yang menjadi bagian dari companies that were part of Tirta Bahagia Group, a
Kelompok Usaha Tirta Bahagia, serta merek dagang the registered brand name of Milkuat acquired by
Milkuat yang as described
diakuisisi oleh IDLK sebagaimana dijelaskan di atas. above.
Tidak ada kerugian penurunan nilai yang diakui pada There was no impairment loss recognized as at
tanggal-tanggal pelaporan, kecuali untuk merek dagang reporting dates, except for the brand name as well as
dan jaringan distribusi dan pelanggan divisi minuman untuk distribution and customer networks of the beve
tahun yang berakhir pada tanggal 31 Desember 2017 division for the year ended December 31, 2017 and t
dan jaringan distribusi dan pelanggan divisi minuman distribution and customer networks of the beverages
untuk tahun yang division for the year ended December
berakhir pada tanggal 31 Desember 2016. 31, 2016.
TION, GOODWILL AND
inued)
)
ements of intangible assets is
3.627.521
-
-
3,627,521
999,286
298.238
-
1,297,524
2,329,997
eful life
with finite useful life, which arose
cquisition of Drayton, consist of the
ducts produced by IDLK, is being
s period starting 2008. The brand
g others, Indomilk, Cap Enaak, Tiga
e useful life
with indefinite useful life, mainly
d brand name (CLUB) of the PDW
stribution and customer network in
elated acquisition of assets of
art of Tirta Bahagia Group, and of
ame of Milkuat acquired by IDLK,
31 Desember 2016/
December 31, 2016
0% 13,40% - 14,00% Discount rate
% 3,76% Terminal growth rate
The projected cash flows beyond the periods are
extrapolated using the estimated terminal growth rate
indicated above. The discount rate applied to the cash flow
projections are derived from the weighted average cost
of capital of the respective
CGU.
The projected revenue from royalty beyond the periods
are extrapolated using the estimated terminal growth
rate indicated above. The discount rate applied to the
revenue from royalty projections
are derived from the cost of capital of the respective CGU.
Dalam Rupiah Perusahaan
The Bank of Tokyo-Mitsubishi UFJ Ltd., Cabang
Jakarta (BTMU)(1)(*)
Modal Kerja
406,440 403,080 - 70,000
PT Bank Mandiri (Persero)
Tbk (Mandiri) 70,000 70,000 70,000 -
Kredit Jangka Pendek
Modal Kerja BCA 70,000 70,000 - -
I
n
R
u
p
i PT Bank Mandiri (Persero) Tbk
a (Mandiri) Short-term Credit
h
C Working Capital
o BCA
m
- p - Money Market Time Loan
a
- n - Overdraft
s BCA y
305.000
T Time Loan
h
e
- - Overdraft Mandiri
- B - Short-term Credit
a
n
k
Working Capital
o PT Bank Mizuho Indonesia
f (Mizuho)(2)(*)
- - Working Capital
T Mitsui Indonesia (BSMI)
PT Bank Sumitomo
- o - Account Payable Financing
k
y
o
In Foreign Currency (Note 36)
-
Company BTMU(1)(*)
M Working Capital
i Subsidiary BTMU(2)(*)
t Working Capital
s (2)(*)
Mizuho
u Working Capital
b
i
s
h Total
i
ber 31, 2017 and December 31, 2016, these credit facilities that are
Company can be withdrawn as trust receipts payable and/or working
U
F
ber 31, 2017 and December 31, 2016, these credit facilities that are
J as trust receipts payable and/or working capital
DLK can be withdrawn
B
r
a
n
c
h
(
B
T
M
U
)
(
1
)
(
*
)
W
o
r
k
i
n
g
12. UTANG BANK JANGKA PENDEK (lanjutan) 12. SHORT-TERM BANK LOANS (continued)
Rincian tanggal jatuh tempo dan jaminan The details of the maturities and collateral related to s
sehubungan dengan fasilitas utang bank jangka pendek term bank loans and overdraft facilities as of Decemb
dan cerukan pada tanggal 31 Desember 2017 are as follows:
2017 adalah sebagai berikut:
Jatuh tempo/Maturities Jaminan/Collateral
Dalam Rupiah In Rupiah
Perusahaan Company
BTMU BTMU
Modal Kerja Juni 2018/June 2018 Tanpa jaminan/Unsecured Working Capital
Mandiri Mandiri
Kredit Jangka
Pendek Juni 2018/June 2018 Tanpa jaminan/Unsecured Short-term Credit
Modal Kerja Juni 2018/June 2018 Tanpa jaminan/Unsecured Working Capital
BCA BCA
Pinjaman Berjangka
Money Market Juli 2018/July 2018 Tanpa jaminan/Unsecured
Cerukan Juli 2018/July 2018 Tanpa jaminan/Unsecured Overdraft
Entitas Anak Subsidiaries
BCA BCA
Tanpa jaminan kecuali untuk fasilitas sebesar Rp190.000 yang diberikan kepada IASB, dijamin dengan jaminan korporasi dari Perusahaan sebesar kepemilikan
IASB/Unsecured except for the facility given to IASB amounting to Rp190,000, which is
secured by corporate guarantee from
Kisaran tingkat suku bunga tahunan pada utang bank The range of annual interest rates of the short-term
jangka pendek adalah sebagai berikut: bank loans is as follows:
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31,
In Rupiah
Company
BTMU
Working Capital
Mandiri
Short-term Credit
Working Capital
BCA
Money Market
Time Loan
Overdraft
Subsidiaries
BCA
orasi dari Perusahaan sebesar kepemilikan dalam
, which is
its
Time Loan
draft
Mandiri
dit
BTMU
apital
Mizuho
apital
BSMI
Account Payable
Financing
In foreign currency
Company
BTMU
Working Capital
Subsidiary
BTMU
Working Capital
Mizuho
Working Capital
encie
upiahs
omin
Dollar
ation
12. UTANG BANK JANGKA PENDEK (lanjutan) 12. SHORT-TERM BANK LOANS (continued)
Metode pembayaran utang bank jangka pendek The payment method of the short-term bank loans is
adalah pelunasan pada saat jatuh tempo dan dapat one time payment at maturity date and extendable su
diperpanjang dengan persetujuan bank. the approval of the banks.
Berdasarkan persyaratan-persyaratan dalam Under the terms of the loan agreements, the
perjanjian pinjaman, Perusahaan dan Entitas Anak yang Company and Subsidiaries as debtors are required to
menjadi debitur diharuskan untuk mempertahankan maintain certain financial ratios and to obtain prior wr
rasio-rasio keuangan tertentu dan memperoleh persetujuan approval from the creditor banks with respect to
tertulis sebelumnya dari bank kreditur sehubungan transactions involving amounts that exceed cert
dengan transaksi- transaksi yang mencakup jumlah yang thresholds agreed with each creditor bank, such as,
melebihi batas tertentu yang telah disetujui oleh setiap bank others, mergers, sale, pledge or transfer of assets
kreditur, seperti, antara lain, penggabungan usaha, granting of loans to third parties, engaging in non-a
penjualan, penjaminan atau pengalihan aset, length transactions and change in majority owners
pemberian pinjaman kepada pihak ketiga, As of December 31, 2017, the Group has complied w
melakukan transaksi dengan syarat dan kondisi yang existing loan covenants or obtained the necessary
tidak sama jika dilakukan dengan pihak ketiga dan waiver as required. As of the date of completion
perubahan kepemilikan mayoritas. consolidated financial statements, all short-term bank
Pada tanggal 31 Desember 2017, Kelompok Usaha telah facilities that have matured, if any, have been paid or
memenuhi semua persyaratan pinjaman atau memperoleh extended.
waiver sebagaimana diperlukan. Sampai dengan
tanggal penyelesaian laporan keuangan konsolidasian,
seluruh fasilitas utang bank jangka pendek yang telah
jatuh tempo jika ada
telah dilunasi ataupun diperpanjang kembali.
ECEIPTS PAYABLE
eceipts payable consist of:
mber 2016/
er 31, 2016
In foreign currency (Note 36)
BTMU
US$7,336,484 as of December 31, 2016
PT Standard
Chartered (SCBI):US$2,256,333
Bank as of December 31, 2016
Indonesia
ANZ
US$232,000 as of December 31, 2017
Total
13. UTANG TRUST RECEIPTS (lanjutan) 13. TRUST RECEIPTS PAYABLE (continued)
Utang trust receipts kepada bank-bank di atas The trust receipts payable to the above banks relate
berkaitan dengan impor bahan baku yang importations of raw materials, which were
diterbitkan dan diberikan kepada Divisi Kemasan released and delivered to the Company’s Packaging
Perusahaan dan IDLK oleh bank-bank di atas. Division and IDLK in trust by the above banks.
Kisaran tingkat suku bunga tahunan pada utang The range of annual interest rates of the trust
trust receipts adalah sebagai berikut: receipts payable is as follows:
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31,
Currency
Denominati
US Dollar
on
e trust receipts payable as of
cember 31, 2017 are maturing on various dates during
months of January 2018 until February
18.
st receipts payable are unsecured.
of the date of completion of the consolidated
ancial statements, all trust receipts payable that matured
mentioned in the preceding paragraph were settled.
ANZ
BTM
U (*)
Mizu
ho
SCBI
(*)
Man
diri
Tota
l
of the above trust receipts facilities are available
drawdown either in Rupiah and/or US Dollar
nominations.
14. UTANG USAHA 14. ACCOUNTS PAYABLE - TRADE
Utang usaha terdiri dari: Accounts payable - trade consist of:
31 Desember 2017/ 31 Desember 2016/
December 31, 2017 December 31, 2016
Pihak Ketiga
Dalam Rupiah
PT Fajar Surya Wisesa Tbk 199,940 219,503
PT Indopoly Swakarsa Industry Tbk 83,721 68,745
PT Sugar Labinta 49,169 37,749
PT Givaudan Indonesia 36,222 17,312
PT Essence Indonesia International 36,023 29,549
PT Dharmapala Usaha Sukses 33,192 4,651
PT Hi-Tech Ink Indonesia 29,456 19,685
PT Trijaya Sukses Makmur 28,026 22,255
PT Sentra Usahatama Jaya 27,507 34,896
PT Scientex Indonesia 25,014 11,100
PT Buana Megah Paper 24,896 13,720
PT Andalan Furnindo 24,668 16,075
PT Sakata Inx Indonesia 23,078 15,435
PT Permata Dunia Sukses Utama 22,400 7,206
PT Cometa Can Corporation 20,170 6,677
PT Wira Pamungkas Pariwara 19,574 35,014
PT Tetra Pak Indonesia (TPI) 19,479 20,167
PT Supernova Flexible Packaging 17,566 26,470
PT Kebun Tebu Mas - 20,787
Lain-lain (masing-masing di bawah
Rp20.000) 1,081,040 1,007,957
Dalam mata uang asing (Catatan 36)
Sumitomo Corporation Asia & Oceania
Pte. Ltd. 63,543 11,592
F & N Foods Pte. Ltd. 27,767 -
Heat & Control Inc. 24,395 481
Amberston Pte. Ltd. - 61,016
Golden Hillview International, Pte. Ltd.
- 24,342
Third
Partie
s
PT Fajar Surya Wisesa Tbk
In Rup
PT
iah Indopoly Swakarsa Industry Tbk
PT Sugar Labinta
PT Givaudan Indonesia
PT Essence Indonesia International
PT Dharmapala Usaha Sukses
PT Hi-Tech Ink Indonesia
PT Trijaya Sukses Makmur
PT Sentra Usahatama Jaya
PT Scientex Indonesia
PT Buana Megah Paper
PT Andalan Furnindo
PT Sakata Inx Indonesia
PT Permata Dunia Sukses Utama
PT Cometa Can Corporation
PT Wira Pamungkas Pariwara
PT Tetra Pak Indonesia (TPI)
PT Supernova Flexible Packaging
PT Kebun Tebu Mas
1 - 30 days
31 - 60 days
61 - 90 days
More than 90 days
Total
he nature of relationships and transactions of the Group
ith related parties are explained in Note 32.
14. UTANG USAHA (lanjutan) 14. ACCOUNTS PAYABLE - TRADE (continued)
Utang usaha tidak dijamin, tidak dikenakan bunga Trade payables are unsecured, non-interest bearing
dan umumnya mempunyai syarat pembayaran antara 7 and generally with terms of payment of 7
hari sampai dengan 60 hari. 60 days.
15. BEBAN AKRUAL DAN LIABILITAS IMBALAN 15. ACCRUED EXPENSES AND SHORT-TERM
KERJA JANGKA PENDEK EMPLOYEE BENEFITS LIABILITY
Beban akrual Accrued expenses
Beban akrual terdiri dari: Accrued expenses consist of:
31 Desember 2017/ 31 Desember 2016/
December 31, 2017 December 31, 2016
Iklan dan promosi 934,882 1,110,697
Beban penjualan 373,974 445,565
Utilitas 45,310 45,226
Lain-lain (masing-masing di bawah
Rp30.000) 118,044 130,340
Total 1,472,210 1,731,828
Liabilitas Imbalan Kerja Jangka Pendek Short-term Employee Benefits Liability
Akun ini terutama terdiri dari beban gaji, tunjangan dan bonus This account mainly consists of directors’ and
untuk direksi dan karyawan. employees’ salaries, benefits and bonuses.
16. PERPAJAKAN 16. TAXATION
a. Pajak dibayar di muka a. Prepaid taxes
Pajak dibayar di muka terdiri dari: Prepaid taxes consist of:
31 Desember 2017/ 31 Desember 2016/
December 31, 2017 December 31, 2016
Pajak penghasilan Income taxes
Pasal 21 - 440 Article 21
PPN - neto 79.371 83.979 VAT - net
Total 79.371 84.419 Total
Advert
ising
Selling
and
expen
Utilitie
promo
ses
tionss
Others
(each
Total
below
Rp30,
m Employee Benefits Liability
000)
his account mainly consists of directors’ and
mployees’ salaries, benefits and bonuses.
N
paid taxes
epaid taxes consist of:
mber 2016/
er 31, 2016
Income taxes
440 Article 21
83.979 VAT - net
84.419 Total
es payable
axes payable consist of:
sember 2016/
mber 31, 2016
Income taxes
329 Article 21
6.216 Article 23/26
4.001 Article 25/29
7.322 VAT - net
529 Other taxes
8.397 Total
16. PERPAJAKAN (lanjutan) 16. TAXATION (continued)
c. Rekonsiliasi fiskal c. Fiscal reconciliation
Rekonsiliasi antara laba sebelum beban pajak The reconciliation between income before
penghasilan, sebagaimana tercantum pada laporan tax expense as shown in the consol
laba rugi dan penghasilan komprehensif lain statement of profit or loss and other
konsolidasian dan estimasi laba kena pajak comprehensive income, and estimated taxabl
Perusahaan adalah sebagai income of the Company is as follows:
berikut:
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31,
2017 2016
Laba sebelum beban pajak
penghasilan berdasarkan
laporan laba rugi dan
penghasilan
komprehensif lain konsolidasian 5,206,561 4,989,254
Ditambah laba sebelum pajak
Entitas Anak, neto (17,720) (513,545)
Eliminasi 95,020 2,160
Laba sebelum beban pajak
penghasilan - Perusahaan 5,283,861 4,477,869
Ditambah (dikurangi):
Beda temporer (terutama terdiri dari
perbedaan penyusutan antara
perpajakan dan komersial
serta penyisihan untuk
liabilitas
imbalan kerja karyawan) 82,876 123,070
Beda tetap (terutama terdiri dari
beban kesejahteraan karyawan,
representasi dan sumbangan) 360,892 380,401
Penghasilan yang telah
dikenakan pajak final (313,919) (394,371)
2017 2016
Beban pajak penghasilan – kini Income
Perusahaan 1,353,427 1,146,742 tax
expens
Entitas Anak 213,553 324,657 e-
Total 1,566,980 1,471,399 current
Total
Dikurangi : Deduct :
Pajak penghasilan dibayar di muka Prepayments of income tax
Perusahaan Company
1,208,372 1,099,411
Entitas Anak 293,837 118,375
Total 1,502,209 1,217,786 Total
ontinued)
l reconciliation
The reconciliation between income before income
tax expense as shown in the consolidated
statement of profit or loss and other
comprehensive income, and estimated taxable
income of the Company is as follows:
mber/
comprehensive income
Add income before tax of Subsidiaries, net
Elimination
Income before income tax expense -
Company
Add (deduct): Temporary differences (mainly
employee benefits)
Permanent differences (mainly consisting of employee benefits,
mber/
Income
tax Company
expens
e- Subsidiaries
Total
current
Deduct :
Prepayments of income tax
Company
Subsidiaries
Total
16. PERPAJAKAN (lanjutan) 16. TAXATION (continued)
d. Beban pajak penghasilan (lanjutan) d. Income tax expense (continued)
31 Desember 2017/ 31 Desember 2016/
December 31, 2017 December 31, 2016
Estimasi utang pajak penghasilan Estimated corporate income tax
badan payable
Perusahaan 145,055 47,331
Entitas Anak 6,870 207,293
Total 151,925 254,624 Total
Estimasi restitusi pajak penghasilan Estimated claims for income tax re
- tahun berjalan Company
Perusahaan
- -
Entitas Anak 87,154 1,011
Total 87,154 1,011 Total
Jumlah penghasilan kena pajak dan beban pajak The amounts of the Company’s taxable income
penghasilan kini Perusahaan untuk tahun 2017 seperti current income tax expense for 2017, as sta
yang disebutkan di atas dan utang PPh terkait akan the foregoing, and the related income tax payab
dilaporkan oleh Perusahaan dalam Surat reported by the Company in its 2017 annual
Pemberitahuan Tahunan (“SPT”) income tax return (“SPT”)
PPh badan tahun 2017 ke Kantor Pajak. submitted to the Tax Office.
Rincian beban (manfaat) pajak penghasilan yang Details of income tax expense (benefi
dilaporkan pada laporan laba rugi dan penghasilan reported in the consolidated statement of profit
komprehensif lain konsolidasian and other comprehensive income are as
adalah sebagai berikut: follows:
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31,
2017 2016
Pajak penghasilan badan:
Kini
Tahun berjalan 1,566,980 1,471,399
Penyesuaian atas tahun lalu 10,332 1,201
Tangguhan
Tahun berjalan 86,076 (114,647)
Penyesuaian atas tahun lalu - -
Total Beban Pajak Penghasilan 1,663,388 1,357,953
ontinued)
me tax expense (continued)
Subsidiaries
Total
The amounts of the Company’s taxable income and
current income tax expense for 2017, as stated in
the foregoing, and the related income tax payable was
reported by the Company in its 2017 annual
income tax return (“SPT”)
submitted to the Tax Office.
Details of income tax expense (benefit)
reported in the consolidated statement of profit or loss
and other comprehensive income are as
follows:
mber/
Corpo
rate
Curre
incomnt Current year
e tax:
Adjustment in respect of the prior year
Deferr
ed Current year
Adjustment in respect of the prior year
Total
Incom
e Tax
Expe
nse
16. PERPAJAKAN (lanjutan) 16. TAXATION (continued)
d. Beban pajak penghasilan (lanjutan) d. Income tax expense (continued)
Pada tanggal 3 Agustus 2015, Presiden Republik
Indonesia menandatangani PP 56/2015 tentang
“Penurunan Tarif Pajak Penghasilan Bagi Wajib Pajak
Badan Dalam Negeri yang Berbentuk Perseroan
Terbuka”, yang mengubah PP 77/2013, dan mengatur
bahwa perseroan terbuka dalam negeri di
Indonesia dapat memperoleh penurunan tarif Pajak
Penghasilan (“PPh”) sebesar 5% dari tarif tertinggi PPh
sebagaimana diatur dalam Pasal 17 ayat 1b Undang-
undang Pajak Penghasilan, dengan memenuhi kriteria
yang ditentukan, yaitu (i) Perseroan yang saham
atau efek bersifat ekuitas lainnya dengan jumlah
paling sedikit 40% dari keseluruhan saham yang
disetor dicatat untuk diperdagangkan di bursa efek di
Indonesia, (ii) Saham tersebut dimiliki paling sedikit
oleh 300 pihak, (iii) Masing- masing pihak tersebut
hanya boleh memiliki saham kurang dari 5% dari
keseluruhan saham yang ditempatkan dan disetor
penuh, dan
(iv) Ketentuan (i) sampai dengan (iii) tersebut harus
dipenuhi oleh perseroan terbuka dalam waktu paling
sedikit seratus delapan puluh tiga
hari kalender dalam jangka waktu satu tahun pajak.
2017 2016
Laba sebelum beban pajak Income before income tax expen
penghasilan berdasarkan laporan statement of profit or loss and o
laba rugi dan penghasilan
komprehensif lain konsolidasian
5,206,561 4,989,254
Beban pajak penghasilan sesuai Income
dengan tarif pajak yang berlaku 1,301,641 1,247,313 tax applicab
expense
Pengaruh pajak penghasilan atas: Income
based on
Beban yang tidak dapat tax effect
the
dikurangkan 123,647 of: Non-deductible expens
108,395
diakui (971) - U
Lain-lain 10,332 1,201 nr
O
e
th
Beban pajak penghasilan - neto per laporan laba rugi dan penghasilan Income tax expense - net pe
komperehensif lain konsolidasian 1.663.388 1.357.953 erc consolidated statement of prof
o
s
g or loss and other comprehensiv
ni incom
z
e
d
d
ef
er
re
d
ta
x
a
s
s
et
s
(continued)
ment result (continued)
In 2016, IASB received SKPLB related to its claim
for corporate income tax refund for fiscal year 2014
amounting to Rp4,116. The Tax Office agreed to
refund the whole aforesaid claim.
In 2016, IFL received SKPLB related to its claim for
corporate income tax refund for fiscal year 2014. The
Tax Office agreed to refund Rp683 from total claim
amounting to Rp1,006. The difference between the
claim and the refund was charged to 2016
operations.
In 2016, SRC received SKPLB related to its claim
for corporate income tax refund for fiscal year 2014
amounting to Rp611. The Tax Office agreed to refund
the whole aforesaid claim.
mber/
Income
tax applicable tax rate
expense
Income
based on
tax effect
the
of: Non-deductible expenses
Income already subjected to
) final tax
Unrecognized and usage of tax losses carry
forward and write-off of fiscal losses
U
nr
O
e
th Income tax expense - net per
erc consolidated statement of profit
o
s
g or loss and other comprehensive
ni income
z
e
d
d
ef
er
re
d
ta
x
a
s
s
et
s
16. PERPAJAKAN (lanjutan) 16. TAXATION (continued)
f. Rekonsiliasi tarif pajak efektif (lanjutan) f. Reconciliation of effective tax rate
(continued)
Tarif pajak penghasilan yang berlaku untuk Kelompok The income tax rate applicable to the Group is
Usaha adalah sebagai berikut: as follows:
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31,
2017 2016
Indonesia 25% 25%
Malaysia 25% 25%
Singapura 17% 17%
g. Pajak tangguhan g. Deferred taxes
antara laporan komersial dan fiskal Kelompok differences between the Group’s commercia
Usaha adalah sebagai berikut: and tax reporting are as follows:
31 Desember 2017/ 31 Desember 2016/
December 31, 2017 December 31, 2016
Aset pajak tangguhan D
Liabilitas imbalan kerja karyawan 693,015 569,166 ef Liabilities for employee benefits
er
Aset tak berwujud 75,545 6,834 re Intangib
Cadangan bonus 39,388 33,413 d Accrual
Rugi fiskal yang dapat ta
dikompensasikan 3,212 217,505 x Tax losses carry forwar
as
Aset tetap (223,159) (182,326) F
se
Lain-lain 24,899 18,527 ts
Neto 612,900 663,119 N
et
Liabilitas pajak tangguhan D
Liabilitas imbalan kerja karyawan 87,820 70,651 ef Liabilities for employee benefits
er
Cadangan bonus 15,115 13,409 Accrual
re
Aset tak berwujud (351,439) (384,186) d Intangib
Aset tetap (140,505) (119,021) ta F
Lain-lain 3,489 7,003 x
lia
Neto (385.520 ) (412.144) N
bi
Untuk tujuan penyajian dalam laporan posisi For purposeset
lit of presentation in th
keuangan konsolidasian, klasifikasi aset atau liabilitas consolidated ie statement of financial position, th
pajak tangguhan untuk setiap perbedaan s
or liability classification of the deferred tax effe
temporer di atas ditentukan berdasarkan posisi each of the above temporary difference
pajak tangguhan (aset atau liabilitas) neto untuk determined based on the net deferred tax p
setiap perusahaan. Pembayaran dividen oleh Entitas (assets or liabilities) per entity basis. Payme
Anak yang berdomisili di dalam negeri kepada dividends by the Subsidiaries domiciled in
Perusahaan Indonesia to the
tidak kena pajak. Company are non-taxable.
Manajemen Kelompok Usaha berpendapat bahwa The Group’s management is of the opinion tha
aset pajak tangguhan tersebut di atas dapat above deferred tax assets can be fully reco
dipulihkan melalui penghasilan kena pajak di masa through future taxable income.
yang akan datang.
ntinued)
ation of effective tax rate
e
ffI
en
M
Scda
otl
ni
sane
y
g
s
osi
a
p i
faa
o
differences between the Group’s commercial
and tax reportingr are as follows:
te
e
m
p
D
ef
o
er r Liabilities for employee benefits
re a Intangible Assets
d r Accrual of bonus
ta y
x Tax losses carry forward
as
Fixed assets
se
ts Others
N
et
D
ef Liabilities for employee benefits
er
Accrual of bonus
re
d Intangible assets
ta Fixed assets
x Others
lia
N
bi
For et
purposes
lit of presentation in the
consolidated ie statement of financial position, the asset
s
or liability classification of the deferred tax effect of
each of the above temporary differences is
determined based on the net deferred tax position
assets or liabilities) per entity basis. Payments of
dividends by the Subsidiaries domiciled in
ndonesia to the
Company are non-taxable.
The Group’s management is of the opinion that the
above deferred tax assets can be fully recovered
hrough future taxable income.
16. PERPAJAKAN (lanjutan) 16. TAXATION (continued)
Permohonan restitusi pajak, terutama berupa pajak Claims for tax refund, which mainly represent cor
penghasilan badan, sejumlah Rp88.165 pada tanggal income tax, totaling Rp88,165 as of December 31
31 Desember 2017 (31 Desember 2016: Rp3.988) (December 31, 2016: Rp3,988) are presented as
disajikan sebagai akun “Aset tidak lancar lainnya” pada non-current assets” account in the consolidated
laporan posisi keuangan statements of financial
konsolidasian. position.
Perusahaan menyampaikan pajak tahunan atas dasar The Company submits its tax returns on the basis of
perhitungan sendiri (“self-assessment”). Sesuai dengan assessment. In accordance with the latest
perubahan terakhir atas Undang- undang Ketentuan amendments of the General Taxation and
Umum dan Tata Cara Perpajakan yang berlaku mulai Procedural Law which became effective on
tanggal 1 Januari 2008, Kantor Pajak dapat January 1, 2008, the Tax Office may assess or a
menetapkan atau mengubah besarnya kewajiban pajak taxes within 5 years from the date the tax become
dalam batas payable.
waktu 5 tahun sejak tanggal terhutangnya pajak.
17. UTANG JANGKA PANJANG 17. LONG-TERM DEBTS
a. Utang bank a. Bank loans
Utang bank jangka panjang adalah sebagai berikut: Long-term bank loans are as follows:
Jumlah Maksimum Fasilitas Pinjaman/
Maximum Credit Facilities Limit Jumlah/Amounts
Jumlah pembayaran 31 Desember/
31 Desember/ 31 Desember/ 31 Desember/ selama tahun 2017/
December 31, December 31, December 31, December 31, Repayment
2017 2016 2017 2016 amounts in 2017
Dalam Rupiah
Entitas Anak BCA
ounts
I
n Subsidiaries
BCA
R
u Investment Loan
p BTMU
i Term Loan
a Mandiri
h
Special Transaction Loan
BSMI
Revolving credit
In Foreign Currency
(
N Subsidiary
o BSMI
t
e Loan on certificate
Mizuho
3 Term Loan Less deferred transaction
6
) cost on bank loans
N
e
t
Less current maturities
L
o
n
g
-
t
e
r
m
P
o
r
t
i
o
n
17. UTANG JANGKA PANJANG (lanjutan) 17. LONG-TERM DEBTS (continued)
a. Utang bank (lanjutan) a. Bank loans (continued)
Rincian tanggal jatuh tempo dan jaminan The details of maturities and collateral related w
sehubungan dengan fasilitas utang bank jangka panjang long-term bank loans as of December 31, 2017
pada tanggal 31 Desember 2017 follows:
adalah sebagai berikut:
Jatuh tempo/Maturity Jaminan/Collateral
Dalam Rupiah In Rupiah
Entitas Anak Subsidiaries
BCA BCA
Tanpa jaminan kecuali untuk fasilitas sebesar Rp40.000 yang
diberikan kepada IASB dijamin dengan jaminan korporasi dari Perusahaan sebesar kepemilikan dalam IASB/Unsecured
Januari 2018 - Januari 2023/January 2018 except for facility given to IASB amounting to Rp40,000, is secured by corporate guarantee from t
- Company in
Pinjaman Investasi January 2023 proportion to its equity in IASB Investment Loan
BTMU BTMU
Pinjaman berjangka Juni 2018/June 2018 Tanpa jaminan/Unsecured Term Loan
BSMI BSMI
Desember 2020/December
Kisaran tingkat suku bunga tahunan pada The range of annual interest rates of long-term
pinjaman jangka panjang adalah sebagai berikut: as follows:
Kepatuhan atas Syarat Pinjaman Compliance with Loan Covenants
Pada tanggal 31 Desember 2017, Entitas Anak tersebut As of December 31, 2017, the said Subsidiaries
telah memenuhi semua persyaratan pinjaman di complied with all of the above loan covenants o
atas atau memperoleh waiver obtained the necessary waiver as required.
sebagaimana diperlukan.
ERM DEBTS (continued)
ans (continued)
aminan/Collateral
In Rupiah
Subsidiaries
BCA
0.000 yang
esar kepemilikan dalam IASB/Unsecured
esember/
Currency
Denomin
Rupiah
ation
Foreign
Under currency
the terms of the covering loan
agreements, the Subsidiaries as debtors are
required to obtain prior written approval from the
creditors with respect to transactions involving
amounts that exceed certain thresholds agreed
with the creditors, such as, among others, mergers,
sale or transfer of major fixed assets and granting
of loans to third parties.
The Subsidiaries as debtors are also required to
maintain certain agreed financial ratios such as current
ratio and interest coverage ratio.
Compliance with Loan Covenants
As of December 31, 2017, the said Subsidiaries
complied with all of the above loan covenants or
obtained the necessary waiver as required.
17. UTANG JANGKA PANJANG (lanjutan) 17. LONG-TERM DEBTS (continued)
b. Utang pembelian aset tetap b. Liability for purchases of fixed assets
Utang ini merupakan utang angsuran dalam Dolar AS This liability pertains to the US Dolla
IDLK atas pembelian mesin dari TPI. Rincian adalah denominated installment payables of IDLK for it
sebagai berikut: purchases of machineries from TPI. The
details are as follows:
31 Desember 2017/ 31 Desember 2016/
December 31, 2017 December 31, 2016
TPI
US$342.601 pada tanggal
31 Desember 2017 (31 Desember
2016: US$1.121.102)
Dikurangi bagian yang jatuh tempo dalam 4.641 15.063 (December 31, 2016: US$1,1
satu tahun (2.264 ) (10.460 ) Less current m
US$167.123 pada tanggal US$
31 Desember 2017 (31 Desember as of December 3
2016: US$778.501) (December 31, 2016: US$7
15 November 2011 US$1.389.768 US$100.000 US$184.253 April 2019 November 15, 2011
Kisaran tingkat suku bunga tahunan pada The range of annual interest rates of the long- t
pinjaman jangka panjang adalah sebagai loans is as follows:
berikut:
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31,
TPI US$342,601
as of December 31, 2017
Long-term Portion
he details of the contract value, annual
nstallment amounts and last payments date of
he installment payables as of
ecember 31, 2017 are as follows:
Tanggal Pembayaran Terakhir/
Last Payments Date Contracts Date
Currenc
y
US Dollar
Denomi
ased on the agreements between IDLK and TPI,
nation
oth parties agreed that the titles of the
machineries shall remain with TPI until the
ayables are fully paid in order to prevent IDLK
om transferring or selling such machineries to other
arties.
18. LIABILITAS IMBALAN KERJA KARYAWAN 18. LIABILITIES FOR EMPLOYEE BENEFITS
Sebagaimana disebutkan dalam Catatan 2, As mentioned in Note 2, the Group has an unfunded
Kelompok Usaha mempunyai program pensiun manfaat benefit retirement plan covering all of its eligible
pasti yang tidak didanai untuk seluruh karyawan tetapnya permanent employees. The liabilities for employee
yang memenuhi syarat. Liabilitas imbalan kerja karyawan benefits was determined in accordance with the
tersebut ditentukan sesuai dengan persyaratan Undang- requirements of Labor Law No. 13 year 200
undang No. 13 tahun 2003 tentang Ketenagakerjaan “Labor Law”) and on existing relevant internal policie
(“UUK”) dan practices, which is in accordance with PSAK No. 24.
berdasarkan kebijakan dan praktik internal yang berlaku
dan relevan sesuai dengan PSAK No. 24.
Analisis mutasi saldo nilai kini liabilitas adalah An analysis of the movements in the present value
sebagai berikut: of obligation is as follows:
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31,
2017 2016
Perubahan yang dibebankan ke laba rugi:
Bunga atas kewajiban imbalan 217,537 206,701
Biaya jasa kini 205,876 168,910
Biaya jasa masa lalu - 9,877
Imbalan yang dibayarkan (111,810) 80,887
Laba atas penyelesaian dan kurtailmen - 12,900
Rugi aktuaria atas kewajiban
imbalan tahun berjalan - 1,469
311,603 293,170
Rugi (laba) pengukuran kembali yang
dibebankan ke penghasilan
komprehensif lain:
Penyesuaian pengalaman (11,268) 28,291
Perubahan aktuarial yang timbul dari
perubahan asumsi keuangan 263,739 2,299
252,471 30,590
Penyisihan imbalan kerja karyawan pada tanggal The provision for employee benefits as at December
31 Desember 2017 dan 2016 masing-masing 2017 and 2016 was determined by an indepe
didasarkan pada penilaian aktuaria yang ditentukan oleh firm of actuary (PT Kappa Konsultan Utama), as s
aktuaria independen (PT Kappa Konsultan Utama), their report dated January 31, 2018 and February 1,
sebagaimana disebutkan dalam laporannya respectively.
tertanggal 31 Januari 2018 dan 1 Februari 2017.
TIES FOR EMPLOYEE BENEFITS
As mentioned in Note 2, the Group has an unfunded defined
benefit retirement plan covering all of its eligible
permanent employees. The liabilities for employee
benefits was determined in accordance with the
requirements of Labor Law No. 13 year 2003 (the
“Labor Law”) and on existing relevant internal policies and
practices, which is in accordance with PSAK No. 24.
Chang
es cha
Intere
strged t
cost
Curre
o profi
on
nt
Past
t or los
benefit
) servics: Benefits paid
obligat
) e ions
cost Gains on settlement and curtailment
Actuar
ial for theyear
losses
on
benefit
obligat
Re-
ions
measu charged to other comprehensive income:
)remen Experience adjustments
t losse
Actuar
s (gain
) ial changes in financial assumptions
s)
chang
) es
arising Present value of future benefit obligations at end of year
from
2017 2016
Tingkat diskonto tahunan 6,6% - 7,0% 8.5% Annual
Tingkat kenaikan gaji tahunan 8.0% 8.5% discou
Future
nt rate
annual
Tingkat cacat tahunan 10% dari tingkat mortalita/from mortality rate Annual disability rate
Tabel Mortalita Indonesia 2011/ salary
increa
Referensi tingkat mortalitas Indonesia Mortality Table 2011 Mortality rate reference
se rate
Umur pensiun 55 tahun/years Retirement age
6% untuk karyawan di bawah 30 tahun dan menurun secara linear sampai 0% pada umur 52 tahun/6% for employees before the age of 30 and
Tingkat pengunduran diri karyawan will linearly decrease until 0% at the age of 52 Resignation rate
Manajemen berkeyakinan bahwa penyisihan untuk Management believes that the provision for employee b
imbalan kerja karyawan telah cukup sesuai dengan yang is sufficient according to the requirements of the Labor La
disyaratkan oleh UUK. Sensitivity analysis to the key assumptions used in determini
Analisa sensitivitas terhadap asumsi utama yang employee benefits obligations as of December 31, 2017 are
digunakan dalam menentukan kewajiban imbalan kerja follows:
pada tanggal 31 Desember 2017 adalah sebagai Kenaikan/(Penurunan) Liabilitas Imbalan Kerja Neto/
berikut: Increase /(Decrease) in the Net
Kenaikan/ (Penurunan)/
Durasi rata-rata dari kewajiban imbalan kerja pada tanggal The average duration of the benefits obligation at
31 Desember 2017 adalah 11,17 tahun December 31, 2017 was 11.17 years
(31 Desember 2016: 12,78 tahun). (December 31, 2016: 12.78 years).
FOR EMPLOYEE BENEFITS
Annual
discou
Future
nt rate
annual Annual disability rate
salary
increa
se rate Mortality rate reference
Retirement age
% for employees before the age of 30 and
Resignation rate
that the provision for employee benefits
ding to the requirements of the Labor Law.
o the key assumptions used in determining
obligations as of December 31, 2017 are as
follows:
nurunan) Liabilitas Imbalan Kerja Neto/
rease /(Decrease) in the Net
s Liability Key Assumptions
Annual discount rate
Future annual salary
increase rate
vity analysis above have been
based on a method that extrapolates the
enefit obligation as a result of reasonable
ey assumptions occurring at the end of the
es.
d contributions payments from benefit obligation
mber 31, 2017 and 2016 in future years are
Within the
next 12
Between 1
months
and 22
Between
years
and 5
Beyond 5
years
years
Total
Drayt
on, SAJ and Its Subsidiaries
PPM,
IFL
and
SRC
ITSM
ICSM
IOSP
IASB
and
Total
Subsi
K diarie
s
ompany’s shareholders and their respective share
ship as of December 31, 2017 and 2016
follows:
S
h
D
a
e PT Indofood Sukses Makmur Tbk Commissioners and Directors Public (with ownership interest
cr each below 5%)
e
e
h
m
o
b
Tel
d
or
D
te
ae
3r PT Indofood Sukses Makmur Tbk Commissioners and Directors Public (with ownership interest
lc
s
1 each below 5%)
e
,
m2
b0
Te
o1
r
gement t7
a
ompany considers3 total equity as its capital. The
l
y objective 1of the Group’s capital management
,
nsure that it maintains
2 healthy capital ratios in order
port its business
0 and maximize shareholder value.
1
6
20. MODAL SAHAM (lanjutan) 20. CAPITAL STOCK (continued)
Pengelolaan Modal (lanjutan) Capital Management (continued)
Perusahaan dan Entitas Anak tertentu The Company and certain Subsidiaries are required
dipersyaratkan untuk memelihara tingkat respective loan agreements to maintain the level of
permodalan tertentu oleh perjanjian pinjaman. existing share capital. This externally imposed
Persyaratan permodalan eksternal tersebut telah dipenuhi requirement has been complied with by the relev
oleh entitas terkait pada tanggal-tanggal pelaporan. entities at reporting dates. In addition, the Group is
Selain itu, Kelompok Usaha juga dipersyaratkan oleh required by the Corporate Law effective August 16
Undang-undang Perseroan efektif tanggal 16 to allocate and maintain a non-distributable reserv
Agustus 2007 untuk mengalokasikan sampai dengan until the said reserve reaches 20% of the issued
20% dari modal saham ditempatkan dan disetor penuh fully paid share capital. This externally imposed capi
ke dalam dana cadangan yang tidak boleh requirements will be considered by the Group in the
didistribusikan. Persyaratan permodalan eksternal tersebut Annual General Shareholders’ Meeting (AGSM
akan dipertimbangkan oleh Kelompok Usaha dalam The Group manages its capital structure and makes
Rapat Umum Pemegang Saham Tahunan (RUPST) adjustments to it, if necessary, in light of changes in
berikutnya. economic conditions. To maintain and adjust its c
Kelompok Usaha mengelola struktur permodalan dan structure, the Group may adjust the dividend paymen
melakukan penyesuaian, bila diperlukan, berdasarkan shareholders, return capital to shareholders or
perubahan kondisi ekonomi. Untuk memelihara dan new shares. No changes were made in the objective
menyesuaikan struktur permodalan, Kelompok Usaha policies or processes for the years ended December
dapat menyesuaikan pembayaran dividen kepada 2017 and 2016.
pemegang saham, imbalan modal kepada pemegang
saham atau menerbitkan saham baru. Tidak ada
perubahan
tujuan, kebijakan maupun proses untuk tahun yang berakhir
pada tanggal 31 Desember 2017 dan 2016.
Kelompok Usaha mengawasi permodalannya dengan The Group monitors its capital using net gearing
menggunakan rasio pengungkit neto (net gearing ratio), by dividing net debt with the total equity. The Group’s
dengan membagi utang neto dengan total ekuitas. is to maintain the net gearing ratio within the rang
Kebijakan Kelompok Usaha adalah menjaga rasio gearing ratios of the leading companies in similar ind
pengungkit neto dalam kisaran rasio pengungkit neto dari Indonesia in order to secure access to finance at a
perusahaan terkemuka dalam industri sejenis di Indonesia reasonable cost.
untuk mengamankan akses pendanaan pada biaya yang The Group’s net debt includes short-term bank lo
rasional. trust receipts payable, liability for purchases of fixed
Utang neto Kelompok Usaha meliputi utang bank jangka and long-term debts less cash and cash equivalents
pendek, utang trust receipts, utang pembelian aset
tetap dan utang jangka panjang
dikurangi kas dan setara kas.
Total 5,985,469
20. CAPITAL STOCK (continued)
Capital Management (continued)
The Company and certain Subsidiaries are required by the
respective loan agreements to maintain the level of
existing share capital. This externally imposed capital
requirement has been complied with by the relevant
entities at reporting dates. In addition, the Group is also
required by the Corporate Law effective August 16, 2007
to allocate and maintain a non-distributable reserve fund
until the said reserve reaches 20% of the issued and
fully paid share capital. This externally imposed capital
requirements will be considered by the Group in the next
Annual General Shareholders’ Meeting (AGSM).
The Group manages its capital structure and makes
adjustments to it, if necessary, in light of changes in
economic conditions. To maintain and adjust its capital
structure, the Group may adjust the dividend payment to
shareholders, return capital to shareholders or issue
new shares. No changes were made in the objectives,
policies or processes for the years ended December 31,
2017 and 2016.
Total
21. TAMBAHAN MODAL DISETOR (lanjutan) 21. ADDITIONAL PAID-IN CAPITAL (continued)
Agio saham merupakan selisih antara nilai nominal saham Share premium represents the difference between th
yang diterbitkan dalam rangka IPO pada September total par value of new shares issued in conn
2010 dengan hasil yang diterima, setelah dikurangi with the IPO conducted in September 2010 and th
biaya penerbitan saham sebesar Rp205.260. related proceeds, after netting off the share issuance
Rincian dari selisih nilai transaksi restrukturisasi antara amounting to Rp205,260.
entitas sepengendali adalah sebagai berikut: The details of differences in values of restructuring
transactions among entities under common control a
follows:
- - 31.840
- - (4.260 )
Rp139.874 6.324
Rp19.462 (5.538 )
Rp111.071 4.681
15.748
22. DIVIDEN KAS DAN CADANGAN UMUM 22. CASH DIVIDENDS AND GENERAL RESERVES
Dalam RUPST yang diadakan pada tanggal 2 Juni 2017 At the AGSM held on June 2, 2017 and June 3
dan 3 Juni 2016, yang risalahnya telah diaktakan which minutes were covered by Notarial Deed No.01
masing-masing dengan Akta Notaris No.01 tertanggal 2 June 2, 2017 and No.05 dated June 3, 2016, respect
Juni 2017 dan No.05 tertanggal 3 Juni 2016 dari Notaris Kumala Tjahjani Widodo, S.H.
Kumala Tjahjani Widodo, M.H. Mkn, the shareholders approved the following, a
S.H. M.H. Mkn, para pemegang saham menyetujui, antara others:
lain:
i. Penambahan cadangan umum atas saldo laba yang i. Additional appropriation of retained earnings for
telah ditentukan penggunaannya sebesar reserve each amounting to Rp5,000 in 2017 and 201
Rp5.000 masing-masing pada tahun 2017 dan 2016; dan respectively; and
ii. Pembagian dividen kas sejumlah Rp154 (angka penuh) ii. The distribution of cash dividends amounting to R
per saham atau sejumlah Rp1.795.934 pada tahun 2017 dan (full amount) per share or totaling Rp1,795,934
Rp256 (angka penuh) per saham (sebelum pemecahan nilai 2017 and Rp256 (full amount) per share (before s
saham) atau sejumlah Rp1.492.724 pada tahun 2016, yang split) or totaling Rp1,492,724 in 2016, which we
masing-masing diambil dari laba tahun berjalan taken from income for 2016 and 2015 attributable to
yang dapat diatribusikan kepada pemilik entitas induk tahun holders of the parent entity, respectively.
2016 dan 2015.
Sehubungan dengan pembagian dividen kas Related to the distribution of the said cash
tersebut, bagian dividen Entitas Induk Perusahaan adalah dividends, the dividend portion for the Parent Entity o
sebesar Rp1.446.318 (2016: Rp1.202.135). Company amounting to Rp1,446,318 (2016:
Rp1,202,135).
Dividen kas yang diumumkan dan disetujui pada tahun The cash dividends declared and approved in 2017 a
2017 dan 2016 telah dibayar seluruhnya oleh Perusahaan 2016 were fully paid by the Company in July 20
masing-masing pada bulan Juli 2017 June 2016, respectively.
dan Juni 2016.
23. LABA PER SAHAM DASAR 23. BASIC EARNINGS PER SHARE
Rincian perhitungan laba per saham dasar adalah sebagai The details of basic earnings per share computation
berikut: are as follows:
Laba tahun berjalan yang dapat diatribusikan kepada pemilik entitas induk/ Jumlah rata-rata
Income for the year attributable to equity tertimbang saham (angka
holders of the parent entity penuh)/ Weighted
average number of
shares
(full amount)
31 Desember 2017 3.796.545 11.661.908.000 326 December 31, 2017
31 Desember 2016 3.600.351 11.661.908.000 309 December 31, 2016
Perusahaan tidak mempunyai efek berpotensi saham The Company has no outstanding potential dilutive o
biasa yang bersifat dilutif pada tanggal- tanggal shares at reporting dates. Accordingly, no diluted ea
pelaporan. Oleh karenanya, laba per saham dilusian tidak per share are calculated and presented in the
dihitung dan disajikan pada laporan consolidated statement of profit or loss and other
laba rugi dan penghasilan komprehensif lain comprehensive income.
konsolidasian.
H DIVIDENDS AND GENERAL RESERVES
At the AGSM held on June 2, 2017 and June 3, 2016,
which minutes were covered by Notarial Deed No.01 dated
June 2, 2017 and No.05 dated June 3, 2016, respectively, of
Kumala Tjahjani Widodo, S.H.
M.H. Mkn, the shareholders approved the following, among
others:
2017 2016
Pihak ketiga 8,251,488 7,953,669
Pihak berelasi (Catatan 32) 27,355,105 26,421,567
Total 35,606,593 34,375,236
2017 2016
Bahan baku yang digunakan 18,070,683 17,772,157 Raw
Beban produksi 4,985,835 4,697,293 mater
Prod
ials
uctio
Total Beban Produksi 23,056,518 22,469,450 Total
used
Manu n
Persediaan Barang dalam Proses Work
expe
factur
in-
Awal tahun 117,037 113,548 nses
ing At beginning of
proce
Akhir tahun (159,225) (117,037) Cost At en
ss
Beban Pokok Produksi 23,014,330 22,465,961 Inven
Cost
Persediaan Barang Jadi of
tories
Finis
Good
Awal tahun 1,164,241 895,503 hed s At beginning of
Good
Pembelian 1,530,457 1,409,532 Manu
s
Akhir tahun (1,161,271) (1,164,241) factur
Inven At en
ed
Beban Pokok Penjualan 24,547,757 23,606,755 tories
Cost
of
Good
s
Sold
t sales are as follows:
T
h
R
ie
T
rl
o
d
tat
ta
r
p
stomer with ea la cumulative sales amount
g 10% of thedn r consolidated net sales, except
o PT Indomarco stp Adi Prima (IAP), which
s 64.26% and ia 63.37% of the consolidated
s for the years e
cr ended December 31, 2017 and
pectively. st
t
ii
e
ils of sales per
o main product groups are
s
d in the segmentn information (Note 31).
s(
nsactions of the Group with related parties are
agreed prices N that are generally similar to sales
o
hird parties. t
m
e
a
d
e of relationships
e and transactions of the Group
3
ed parties are2explained in Note 32.
)
SOLD t
o
s of cost of goods sold are as follows:
a
n
y
Raw
mater
Prod
ials
uctio
Total
used
Manu n
Work
expe
factur
in-
nses
ing At beginning of year
proce
Cost At end of year
ss
Cost
Inven
of
tories
Finis
Good
hed
s At beginning of year
Good
Manu Purchases
s
factur
Inven At end of year
ed
tories
Cost
of
Good
s
Sold
25. BEBAN POKOK PENJUALAN (lanjutan) 25. COST OF GOODS SOLD (continued)
Tidak ada transaksi pembelian dari satu pemasok yang There was no purchase transaction from one single s
pembelian kumulatifnya melebihi 10% dari penjualan neto with a cumulative amount exceeding 10% of the
konsolidasian, kecuali pembelian dari ISM sebesar consolidated net sales, except for purchases from I
11,21% dari penjualan neto konsolidasian untuk tahun which represents 11.21% of the consolidated
yang berakhir pada sales for the year ended
tanggal 31 Desember 2016. December 31, 2016.
Transaksi pembelian antara Kelompok Usaha dengan The purchase transactions of the Group with related
pihak berelasi dijelaskan pada Catatan 32. parties are disclosed in Note 32.
26. BEBAN PENJUALAN DAN DISTRIBUSI DAN UMUM 26. SELLING AND DISTRIBUTION AND GENERAL A
DAN ADMINISTRASI ADMINISTRATIVE EXPENSES
Rincian beban penjualan dan distribusi serta beban umum dan The details of selling and distribution expenses and genera
administrasi adalah sebagai berikut: administrative expenses are as follows:
2017 2016
Beban Penjualan dan Distribusi
Iklan dan promosi 1,311,735 1,467,283
Pengangkutan dan penanganan 862,571 842,527
esember/
Selli
Adveng
and
rtisin
Distr Freight and handling Salaries, wages and employee
g
ibuti
and
on benefits
prom
Distri
Expe
otion
butio
nses
Roya s
n
lty
Bad
fees
good
Rent
(Not
als
e 32)
and
Othe
depr
rs Total Selling and Distribution
eciati
(eac Expenses
on
h
belo General and
w Administrative
Rp50 Expenses
,000) Salaries, wages
benefits Corporate and
social responsibility
employee
donations and representation
Rental
Manage and
deprecia
ment
Utilities,
tion
fees
repairs
(Notes
and
Others
32 and
mainten
(each
35) Total General and Administrative Expenses
ance
below
Rp50,00
0)
27. PENGHASILAN OPERASI LAIN 27. OTHER OPERATING INCOME
Rincian penghasilan operasi lain adalah sebagai The details of other operating income are as follows:
berikut:
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31,
2017 2016
2017
2016
Desember/
Sale of
scrap
Technical
materials
income
Net gains
(Note 32)on
differenc
foreign
e from
exchange
operating
Others
activities
(each
Total
below
Rp25,000
28. OTHER OPERATING EXPENSES
)
etails of other operating expenses are as
Desember/
E INCOME
Finance income mainly represents interest income
from cash in banks and time deposits.
E EXPENSES
f finance expenses are as follows:
8 Interest expenses
LABA USAHA
Penghasilan keuangan
Beban keuangan
Pajak final atas penghasilan
bunga
“*” Termasuk Divisi Kemasan dan Kantor Pusat “*” Including Packaging
“**” Termasuk Divisi Biskuit “**” Including Biscuit Div
egment income
a tanggal 31 Desember 2017/
ecember 31, 2017
Nutrisi dan
Makanan
Khusus/
Nutrition and Minuman/ Eliminasi/
Segment Income
33,844 (330,327) 6,327 5,377,656 from
Operations
Unallocated net other
(155.910) operating expenses
INCOME
5,221,746 FROM
OPERATIO
403,924 Finance
NS income
(153.935) Finance expenses
(80.312) Final tax on interest income
Makanan Penyedap
Mi Instan*/ Ringan**/ Makanan/
Noodles* Dairy Snack Foods** Food Seasonings
PENJUALAN NETO
Penjualan kepada pelanggan 22,167,143 6,802,900 2,254,009 817,280
eksternal
LABA USAHA
Penghasilan keuangan
Beban keuangan
Pajak final atas penghasilan
bunga
“*” Termasuk Divisi Kemasan dan Kantor Pusat “*” Including Packaging
“**” Termasuk Divisi Biskuit “**” Including Biscuit Div
Segment income (continued)
a tanggal 31 Desember 2016/
ecember 31, 2016
Nutrisi dan
Makanan
Khusus/
Nutrition and Minuman/ Eliminasi/
Segment Income
30,715 (336,035) (1,924) 4,936,155 from
Operations
Unallocated other
(71.987) net operating
expenses
INCOME
4,864,168 FROM
OPERATIO
503,559 Finance
NS income
(178.970) Finance expenses
(100.265) Final tax on interest income
31 Desember 2016 ASET
DAN LIABILITAS
SEGMEN
Minuman/ Eliminasi/
Beverages Elimination Total
December 31, 2017
SEGMENT ASSETS AND
LIABILITIES
1,084,831 1,093,363 28,974,301 Segment assets
19 - 2,645,213 Long-term investments
1,084,850 1,093,363 31,619,514 Total Segment Assets
1,651,997 (631,941) 11,295,184 Segment Liabilities
December 31, 2016
SEGMENT ASSETS AND
LIABILITIES
2017 2016
Negara
Indonesia 32,503,087 31,565,396
Countries Indonesia
Saudi Arabia
Nigeria
Australia
Papua New Guinea
Malaysia
Brunei
East Timor
Taiwan
New Zealand
Hongkong
United States of America
Iraq
Jordan
Vietnam
Others (below Rp60,000)
Total
formation concerning non-current assets except
r financial instruments and deferred tax assets
y geographic area is as follows:
ember 2016/
ber 31, 2016
1.989.137 Indonesia
17.583 Foreign countries
2.006.720 Total
32. SALDO DAN TRANSAKSI DENGAN PIHAK- 32. BALANCES AND TRANSACTIONS WITH
PIHAK BERELASI RELATED PARTIES
Dalam kegiatan usaha normal, Kelompok Usaha In the normal course of business, the Group
melakukan transaksi usaha dan keuangan dengan pihak- engages in trade and financial transactions with cer
pihak berelasi tertentu. Saldo akun-akun yang signifikan related parties. The significant account balances w
dengan pihak berelasi adalah sebagai berikut: related parties are as follows:
Persentase terhadap Total Aset/
PT Salim Ivomas Pratama Tbk (SIMP) 22.995 24.995 0,07% 0,09% (SIMP)
Entitas Asosiasi dan Ventura Bersama Associates and Joint Ventures
NICI 66.694 99.912 0,21% 0,35% NICI
PCIB 3.496 842 0,01% 0,00% PCIB
TSP 2.700 5.478 0,01% 0,02% TSP
AIBM 633 2.045 0,00% 0,01% AIBM
Pihak Berelasi Lainnya Other Related Parties
PT Fastfood Indonesia Tbk (FFI) 21.678 15.322 0,07% 0,05% PT Fastfood Indonesia Tbk (FFI)
Salim Wazaran Bashary
Salim Wazaran Bashary Food Co. Ltd.
(SAWABASH), Sudan 21.618 8.627 0,07% 0,03%
IndoAdriatic Industry D.O.O. (IAI), Serbia 10.810 15.329 0,03% 0,05%
Adkoturk Gida Sanayi Ve Ticaret Ltd
Sirketi (AGS), Turki 9.914 3.945 0,03% 0,01%
Salim Wazaran Kenya Co. Ltd
(SAWAKE), Kenya 7.503 4.333 0,03% 0,01%
Salim Wazaran Maghreb Mfg. Co. Sa.
(SAWAMAG), Maroko 7.259 2.446 0,02% 0,01%
PT Indomarco Prismatama (IPT) 6.436 6.615 0,02% 0,02% PT Indomarco Prismatama (IPT)
PT Nippon Indosari Corpindo Tbk
PT Nippon Indosari Corpindo Tbk (NIC) 6.040 2.046 0,02% 0,01% (NIC)
PT Lion Superindo (LS) 3.536 3.167 0,01% 0,01% PT Lion Superindo (LS)
Salim Wazaran Yahya Food MFG PLC
(SAWAYA), Etiopia 1.748 785 0,01% 0,00%
Lain-lain (masing-masing di bawah
Rp1.000) 2.231 255 0,01% 0,00% Others (each below Rp1,000)
Total 2.775.076 2.736.633 8,78% 9,47% Total
Piutang Bukan Usaha Accounts Receivable - Non-trade
Entitas Induk Parent Entity
ISM 125 570 0,00% 0,00% ISM
Entitas Sepengendali Under Common Control Entities
IAP 62.873 33.049 0,20% 0,11% IAP
Lain-lain (masing-masing di bawah
Rp1.000) 90 59 0,00% 0,00% Others (each below Rp1,000)
Entitas Asosiasi dan Ventura Bersama Associates and Joint Ventures
TSP 77.551 44.876 0,25% 0,16% TSP
PCIB 9.212 9.201 0,03% 0,03% PCIB
NICI 3.534 3.715 0,01% 0,01% NICI
Pihak Berelasi Lainnya Other Related Parties
Karyawan & pegawai 32.212 31.344 0,10% 0,11% Officers & employees
Pinehill 18.823 18.447 0,06% 0,06% Pinehill
SAWABASH 2.953 1.384 0,01% 0,01% SAWABASH
Lain-lain (masing-masing di bawah
Rp1.000) 4.011 1.719 0,01% 0,01% Others (each below Rp1,000)
Total 211.384 144.364 0,67% 0,50% Total
ES AND TRANSACTIONS WITH
RTIES
normal course of business, the Group
in trade and financial transactions with certain
parties. The significant account balances with
arties are as follows:
hadap Total Aset/
0,09% (SIMP)
Associates and Joint Ventures
0,35% NICI
0,00% PCIB
0,02% TSP
0,01% AIBM
Other Related Parties
T
PT A.J. Central Asia Raya (CAR) 1.919 - 0,02% - Lain-lain (masing-
o
masing di bawah
t
Rp1.000)
a
l
1,125 88 0.01% 0.00%
146,486 111,181 1.30% 1.07%
Tahun yang berakhir Persentase te
pada tanggal 31 Desember/ Total Penjualan
Year ended December 31, Percentage to Total Ne
2017 2016 2017
Penjualan
Entitas Induk Paren
ISM 94.799 88.755 0,27% 0,26%
Entitas Sepengendali Under Common Control E
IAP 22.880.093 21.784.179 64,26% 63,37%
PDU 1.833.540 2.059.626 5,15% 5,99%
SIMP 112.319 111.013 0,32% 0,32%
Entitas Asosiasi dan Ventura Bersama Associates and Joint Ve
NICI 754.040 750.585 2,12% 2,18%
TSP 15.887 15.715 0,04% 0,05%
AIBM 7.870 11.171 0,02% 0,03%
PCIB 5.888 4.596 0,02% 0,01%
Pihak Berelasi Lainnya Other Related
Total
P
iD
n
U
S
e
F
A
F
Ih
W
F
S
iL
A
Il
A
IT
W
lS
P
A
A
T
A
A
B
W
G
N
A
IS
S
B
C
A
S
A
W
A
S
I
A
W
H
A
S
Y
A
IA
L
A
K
W
S
IE
A
C
M
C
A
G
Total
32. SALDO DAN TRANSAKSI DENGAN PIHAK- PIHAK 32. BALANCES AND TRANSACTIONS WITH RELATED PART
BERELASI (lanjutan) (continued)
Persentase terhadap
Tahun yang berakhir Total Beban Pokok Penjualan/ pada tanggal 31
Desember/ Percentage to
Year ended December 31, Total Cost of Goods Sold
2017 2016 2017 2016
Pembelian
Entitas Induk
ISM 3,493,523 3,854,505 14.23% 16.32%
Entitas Sepengendali
SIMP 1,999,790 1,979,556 8.15% 8.39%
Entitas Asosiasi dan Ventu
ra
Bersama
TSP 880,227 803,162 3.59% 3.40%
PCIB 396,074 347,339 1.61% 1.47%
AIBM 253,746 218,991 1.03% 0.93%
NICI 19,844 15,891 0.08% 0.07%
Total 7,043,204 7,219,444 28.69% 30.58%
Persentase terhadap
Tahun yang berakhir Total Beban Operasi/ pada tanggal 31 Desember
Percentage to Total
Year ended December 31, Operating Expenses
2017 2016 2017 2016
Beban royalti
Entitas Induk
ISM 305,622 300,004 5.24% 5.08%
Beban jasa manajemen
Entitas Induk
ISM 74,599 73,228 1.28% 1.24%
Beban asuransi
Pihak Berelasi Lainnya
PT Asuransi
Central
(ACA), CAR danAsia
PT Indosurance
Broker
(IBU) Utama 69,608 72,092 1.19% 1.22%
Beban V-SAT
Pihak Berelasi Lainnya
PT Primacom
Interbuana
(Primacom) 8,898 10,454 0.15% 0.18%
Persentase terhadap
Tahun yang berakhir Total Penghasilan Operasi Lain/ pada tanggal 31
Desember/ Percentage to
2017
Year ended December 31,
2016
Total Other Operating Income
2017 2016
P
u Parent Entity
r ISM
c
Under Common
h
a Control Entity
s SIMP
e Associates and Joint
s Ventures
TSP
PCIB
AIBM
NICI
T
o
t
tal Beban Operasi/
a pada tanggal 31 Desember/
l
Operating Expenses
R
o Parent Entity
y ISM
a
M
l
a
t Parent Entity
n
y ISM
a
Ig
n
e
f Other Related Parties
s
m
e PT Asuransi
u
e
e
rn Central Asia
s
a
t (ACA), CAR and
n PT Indosurance
c Broker Utama
e
f (IBU)
e
V
e
-x Other Related Party
s
S
p PT Primacom
A
e
T Interbuana
n (Primacom)
s
e
e
x
Penghasilan Operasi Lain/ pada tanggal 31
ge to p
e
otal Other Operating Income
n
s
T
e
e income
c Parent Entity
h
ISM
n
i Other Related Parties
c Pinehill
a SAWABASH
l
T
o
ts
e
a
lr
v
i
c
e
32. SALDO DAN TRANSAKSI DENGAN PIHAK- 32. BALANCES AND TRANSACTIONS WITH
PIHAK BERELASI (lanjutan) RELATED PARTIES (continued)
Sifat dari transaksi yang signifikan dengan pihak berelasi The nature of the significant transactions with
adalah sebagai berikut: related parties are as follows:
a. Kelompok Usaha menjual barang jadi dalam a. The Group sells finished goods under the re
perjanjian distribusi/supply terkait kepada pihak-pihak distributorship/supply agreements to certain re
berelasi tertentu terutama kepada IAP dengan harga yang parties, mainly to IAP at the agreed prices depe
disepakati tergantung dari produk. Saldo piutang on the products. The related outstanding trade
usaha terkait disajikan sebagai “Piutang Usaha - receivables are presented as “Accounts Receiva
Pihak Berelasi” pada laporan posisi keuangan Trade -
konsolidasian. Related Parties” in the consolidated statement of
financial position.
b. Kelompok Usaha membeli bahan baku seperti tepung b. The Group purchases raw materials such a
terigu dari Divisi ISM Bogasari dengan harga jual yang wheat flour from ISM’s Bogasari Flour Division at th
disepakati dengan ketentuan bahwa harga jual produk agreed prices which should not be higher than the
tidak boleh lebih tinggi dari harga jual ISM kepada pihak selling price of ISM to other parties engaged in
ketiga lain yang bergerak di bidang industri sejenis, dan similar industries, and cooking oil and fats from SI
minyak goreng dan lemak nabati dari SIMP dengan the agreed prices based on market. The related
harga jual yang disepakati berdasarkan pasar. Saldo outstanding trade payables are presented as “Acc
utang usaha terkait disajikan Payable
sebagai “Utang Usaha - Pihak Berelasi” pada laporan posisi - Trade - Related Parties” in the consolidated state
keuangan konsolidasian. of financial position.
d. Perusahaan mengadakan perjanjian dengan ISM d. The Company entered into an agreement with I
untuk penggunaan jasa manajemen. Sebagai for management services. As compensat
kompensasi, Perusahaan dikenakan beban manajemen the Company is charged with management fee o
sebesar 0,25% dari nilai 0.25% of the net sales of
penjualan neto Perusahaan. the Company.
SRC juga mengadakan perjanjian dengan ISM untuk jasa
konsultasi dan bantuan manajemen. Sebagai
kompensasi, SRC dikenakan beban jasa manajemen
masing-masing sebesar Rp235 dan Rp228 per bulan
untuk tahun yang
berakhir pada tanggal 31 Desember 2017 dan 2016.
33. NILAI WAJAR DARI INSTRUMEN KEUANGAN 33. FAIR VALUE OF FINANCIAL INSTRUMENTS
Nilai tercatat instrumen keuangan yang disajikan di dalam
laporan posisi keuangan konsolidasian kurang lebih
sebesar nilai wajarnya, atau disajikan pada biaya perolehan
karena nilai wajarnya tidak dapat diukur secara handal.
Manajemen menetapkan bahwa nilai tercatat
(berdasarkan jumlah nosional) kas dan setara kas, investasi
jangka pendek, piutang usaha dan piutang bukan usaha, utang
usaha dan utang bukan usaha, utang bank jangka pendek,
utang trust receipts dan beban akrual kurang lebih sebesar
nilai wajarnya karena instrumen keuangan tersebut
berjangka pendek.
Aset keuangan tersedia untuk dijual dicatat sebesar nilai
wajar mengacu pada harga kuotasi yang dipublikasikan
pada pasar aktif hirarki nilai wajar (Tingkat 1). Piutang
jangka panjang kepada karyawan dan utang pembelian
aset tetap dicatat sebesar biaya perolehan yang
diamortisasi menggunakan metode SBE dan tingkat
diskonto yang digunakan adalah suku bunga pinjaman pasar
pada saat pengakuan awal untuk jenis pinjaman yang
sama.
Nilai tercatat dari utang jangka panjang dengan suku
bunga mengambang kurang lebih sebesar nilai
wajarnya karena dinilai ulang secara berkala.
32. BALANCES AND TRANSACTIONS WITH
RELATED PARTIES (continued)
The nature of the significant transactions with related
parties are as follows: (continued)
u. In 2016, the Group entered into a service agreement
with PT Transcosmos Indonesia. Pursuant to the
agreement, Transcosmos agreed to provide relationship
management services. The relationship management
services expenses for the years ended December 31,
2017 amounting to Rp4,558.
The Group does not have any formal hedging policy for
foreign exchange exposures.
34. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 34. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
b. Risiko mata uang asing (lanjutan) b. Foreign currency risk (continued)
Pada tanggal 31 Desember 2017, jika nilai tukar
Rupiah terhadap mata uang asing
menguat/melemah sebanyak 10% dengan semua
variabel konstan, laba sebelum beban pajak
penghasilan untuk tahun yang berakhir pada tanggal
31 Desember 2017 akan lebih tinggi/rendah sebesar
Rp197.492, terutama sebagai akibat
keuntungan/kerugian translasi kas dan setara kas,
piutang usaha, piutang bukan usaha, utang trust
receipts, utang bank jangka pendek, utang usaha, utang
bukan usaha dan utang jangka panjang.
Individually
Impaired
December 31, 2017
Loans and
receivables
Cash and cash
equivalents
Accounts receivable
Trade
Third parties
Related parties
Non-trade
Third parties
Related parties
974 Total
December 31, 2016
Loans and
receivables
Cash and cash
equivalents
Accounts receivable
Trade
T
h
R
i
e
lr
d
a
- Related
t parties
p
e e
a
d
Other non-current assets -
rlong-term
t
p
receivables
i
a AFS financial
e
r assets Long-
st term
i investments
e
239 s Total
34. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 34. FINANCIAL RISK MANAGEMENT OBJECTIVES AND
KEUANGAN (lanjutan) POLICIES (continued)
d. Risiko likuiditas d. Liquidity risk
Kelompok Usaha menghadapi risiko likuiditas karena The Group faces liquidity risk because it may
mungkin akan menemui kesulitan dalam memenuhi encounter difficulty in meeting its contractual
kewajiban dan komitmen obligations and commitments.
kontraktualnya.
Kelompok Usaha mengelola profil likuiditasnya untuk The Group manages its liquidity profile to be
membiayai belanja modal dan melunasi utang yang jatuh to finance its capital expenditures and service
tempo dengan cara menjaga tingkat kas dan setara maturing debts by maintaining sufficient cash
kas, dan ketersediaan and cash equivalents, and the
pendanaan melalui jumlah komitmen fasilitas kredit availability of funding through an adequate am
yang memadai. of committed credit facilities.
Kelompok Usaha secara rutin mengevaluasi proyeksi The Group regularly evaluates its projected and a
arus kas dan arus kas aktual, dan terus menerus cash flow information and continuously assesse
memantau kondisi pasar keuangan untuk inisiatif conditions in the financial markets for opportunitie
penggalangan dana. Inisiatif ini mencakup utang dan pursue fund-raising initiatives. These initiatives m
pinjaman bank, dan include bank loans and
penerbitan ekuitas pasar modal. borrowings and equity market issues.
Tabel di bawah ini merangkum profil jatuh tempo The table below summarizes the maturity profile o
liabilitas keuangan Kelompok Usaha, berdasarkan arus the Group’s financial liabilities, based on
kas kontraktual yang tidak terdiskonto: contractual undiscounted payments:
Dalam waktu 1
sampai dengan
Dalam 1 5 tahun/ Within
tahun/ 1-5 Lebih dari 5 tahun/ More than
Within years 5 years
1 year
Total
31 Desember 2017 December 31, 2017
Utang bank jangka pendek 672,886 672,886 - -
Short-term bank loans
Utang trust receipts 476,358 476,358 - -
Trust receipts payable
Utang usaha 2,904,233 2,904,233 - -
Accounts payable - trade
Utang bukan usaha 615,110 615,110 - -
Accounts payable - non-trade
Beban akrual 1,472,210 1,472,210 - -
Accrued expenses
Utang jangka panjang yang jatuh
tempo dalam waktu satu tahun Current maturities
Pokok pinjaman 250,875 250,875 - -
Principal
Utang jangka panjang - setelah
dikurangi bagian yang jatuh
tempo
dalam waktu satu tahun
Pokok pinjaman 956,922 - 917,809 39,113
Beban bunga masa depan 91,224
44,552
46,431 241
ANCIAL RISK MANAGEMENT OBJECTIVES AND
S (continued)
risk
The Group faces liquidity risk because it may
encounter difficulty in meeting its contractual
obligations and commitments.
December 31, 2017
-
Short-term bank loans
- -
Trust receipts payable
- -
Accounts payable - trade
- -
Accounts payable - non-trade
- -
Accrued expenses
Long-
term current maturities
debts - Principal
net of
Future
impute
d
interes
t
charge
s
34. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 34. FINANCIAL RISK MANAGEMENT OBJECTIVES AND
KEUANGAN (lanjutan) POLICIES (continued)
d. Risiko likuiditas (lanjutan) d. Liquidity risk (continued)
Tabel di bawah ini merangkum profil jatuh tempo The table below summarizes the maturity profile
liabilitas keuangan Kelompok Usaha, berdasarkan arus Group’s financial liabilities, based on
kas kontraktual yang tidak contractual undiscounted payments:
terdiskonto: (lanjutan) (continued)
Dalam
waktu 1
sampai
Dalam dengan 5
1 tahun/ tahun/
Within Within 1 - 5
Total 1 year years
31 December 2016 Dec
Utang bank jangka pendek 375,000 375,000 - - Short-term bank loan
Utang trust receipts 188,196 188,196 -
- Trust receipts payable
Utang usaha 2,692,349 2,692,349 -
- Accounts payable - trade
Utang bukan usaha 390,765 390,765 -
- Accounts payable - non-trade
Beban akrual 1,731,828 1,731,828 -
- Accrued expenses
Utang jangka panjang yang jatuh
tempo dalam waktu satu tahun Current maturiti
Pokok pinjaman 605,073 605,073 -
- Principal
Utang jangka panjang - setelah dikurangi bagian yang jatuh tempo
dalam waktu satu tahun
Kebijakan Kelompok Usaha untuk The Group’s policy is to minimize the risks a
meminimalkan risiko yang berasal dari fluktuasi harga from the fluctuations in the commodity prices by
komoditas adalah dengan mengawasi tingkat optimal maintaining the optimum inventory level of whe
persediaan tepung terigu, minyak goreng dan skim flour, cooking oil and skim milk powder for a
milk powder untuk produksi yang berkelanjutan. continuous production. In addition, the Group m
Selain itu, Kelompok Usaha juga berusaha seek to mitigate its risks by periodically adjust
mengurangi the prices of its products.
risiko tersebut dengan cara menyesuaikan harga jual
produk secara berkala.
Telah menjadi kebijakan Kelompok Usaha untuk It has been the Group's policy not to undertake in
tidak melakukan perdagangan instrumen keuangannya. trading of its financial instruments.
34. FINANCIAL RISK MANAGEMENT OBJECTIVES AND
POLICIES (continued)
Liquidity risk (continued)
The table below summarizes the maturity profile of the
Group’s financial liabilities, based on
contractual undiscounted payments:
(continued)
Lebih dari
5 tahun/
More than 5 years
December 31, 2016
- - Short-term bank loans
-
- Trust receipts payable
-
- Accounts payable - trade
-
- Accounts payable - non-trade
-
- Accrued expenses
Significant Agreements
The Company
IDLK IDLK
a. Kelompok Usaha mengadakan perjanjian
manajemen dengan PT Marison Nauli Ventura (MNV),
dimana MNV memberikan kepada Kelompok Usaha
nasihat, pendapat, petunjuk, konsultasi dan informasi yang
berkaitan dengan kegiatan usaha, khususnya yang
berhubungan dengan sumber daya manusia dan manajemen.
Perjanjian ini berlaku untuk jangka waktu satu tahun dan akan
diperpanjang secara otomatis untuk jangka waktu yang sama,
kecuali apabila salah satu pihak menyatakan secara tertulis
untuk mengakhiri perjanjian tersebut. Kompensasi
yang dibayarkan kepada MNV disajikan sebagai bagian
dari “Beban Umum
dan Administrasi” pada laporan laba rugi dan penghasilan
komprehensif lain konsolidasian.
IDLK
a. The Group entered into a management
agreement with PT Marison Nauli Ventura (MNV),
whereby MNV provides to The Group business advice,
suggestion, guidance, consultation and information
relevant to operational activities, especially those
related with human resources and management. This
agreement is valid for one year and shall be
automatically renewed for the same year, unless
terminated by either party in writing. Compensation paid
to MNV is presented as part of “General and Administrative
Expenses” in the consolidated statement of profit or loss
and other comprehensive income.
Kelompok Usaha memiliki total nilai kontrak untuk The Group have contracts to acquire fixed assets w
memperoleh aset tetap sebesar US$12.961.828, total contract values amounting to
Rp888.601, JPY13.343.200, SGD8.700, US$12,961,828, Rp888,601, JPY13,343,200,
AUD109.340 dan EUR5.302.147. Sampai dengan tanggal SGD8,700, AUD109,340 and EUR5.302,147. Up to
31 Desember 2017, total realisasi kontrak tersebut adalah December 31, 2017, total realized values of the said
US$327.178, Rp222.865, SGD8.700, dan EUR791.707. contracts were US$327,178, Rp222,865,
SGD8,700, and EUR791,707.
35. SIGNIFICANT AGREEMENTS AND
COMMITMENTS (continued)
Significant Agreements (continued)
IASB and AIBM
a. At the closing of the acquisition transaction of PCIB by
AIBM and IASB dated September 12, 2013, under
Exclusive Bottling Agreement, IASB is granted by
PepsiCo Inc. (PI) and its affiliated company, an
exclusive right to produce, sell and distribute non-
alcohol beverages products under PI’s brand in
Indonesia.
Significant Commitment
Capital expenditure commitments
16 Maret 2018
(Tanggal
Penyelesaian
Laporan Keuangan
Konsolidasian)/
March 16, 2018
Mata Uang Asing 31 December 2017
(Consolidated
(Angka Penuh)/ (Tanggal Pelaporan)/ Financial
Foreign Currencies December 31, 2017 Statements
(Full Amounts) (Reporting Date) Completion Date)
Aset
Kas dan setara kas
Dalam Dolar AS US$ 219.582.674 2,974,906 3,022,556
Dalam Euro EUR 2,245,260 36,314 38,038
Dalam Yen Jepang JPY 95,963,768 11,537 12,463
Dalam Ringgit Malaysia MYR 1.668.552 5,565 5,854
Dalam Dolar Australia AUD 222.227 2,347 2,383
Dalam Dolar Singapura SIN$ 15.483 156 162
Piutang usaha
Dalam Dolar AS US$ 40.649.456 550,719 559,540
Dalam Ringgit Malaysia MYR 12.051.068 40,195 42,279
Piutang bukan usaha
Dalam Dolar AS US$ 1.635.301 22,154 22,510
Total Aset dalam Mata Uang Asing 3,643,893 3,705,785
Liabilitas
Utang trust receipts
Dalam Dolar AS US$ 35.160.801 476,358 483,988
Utang bank jangka pendek
Dalam Dolar AS US$ 11.580.000 156,886 159,399
Utang usaha
Dalam Dolar AS US$ 14.635.718 198,284 201,461
Dalam Euro EUR 3,024,389 48,915 51,237
Dalam Dolar Australia AUD 2.282.187 24,094 24,469
Dalam Yen Jepang JPY 179,793,830 21,615 23,351
Dalam Pound Sterling Inggris GBP 94.977 1,730 1,821
Dalam Ringgit Malaysia MYR 435.859 1,454 1,529
Dalam Dolar Singapura SIN$ 85.527 867 895
Dalam Franc Swiss CHF 8.826 122 128
Utang bukan usaha
Dalam Dolar AS US$ 238.671 3,234 3,285
Dalam Ringgit Malaysia MYR 296.285 988 1,039
Dalam Dolar Singapura SIN$ 4.209 43 44
Dalam Euro EUR 1,116 18 19
Utang pembelian aset tetap
Dalam Dolar AS US$ 342.601 4,641 4,716
Utang bank jangka panjang
Dalam Yen Jepang JPY 6,069,960,643 729,720 788,348
Total Liabilitas dalam Mata Uang
Asing 1,668,969 1,745,729
Aset Neto dalam Mata Uang Asing 1,974,924 1,960,056
LIABILITIES IN FOREIGN CURRENCIES
the Group has assets and liabilities denominated
e foreign currencies-denominated assets
d using the exchange rates as of December 31,
2017 are as follows:
etara dalam Jutaan Rupiah/
alent Amount in Millions Rupiah
A
s
C
s
a In US Dollar
e
s
th In Euro
s In Japanese Yen
a In Malaysian Ringgit
n In Australian Dollar
d In Singapore Dollar
A
c In US Dollar
ca In Malaysian Ringgit
s
o
A
h
u
c In US Dollar
n
cT
te
o
o
sq
L
u
tu
in
T
a
rira
tl In US Dollar
v
e
b
u
s
S
ca
is
h
lA
l
etrs
In US Dollar
o
iie
A
rse
ctvn In US Dollar
tre
c
t
cia
-e In Euro
to
s
b
e
tcsiu
le
In Australian Dollar
s
v In Japanese Yen
e
e
n
iria In Great Britain Pound Sterling
tp
b
m
n
s-tl In Malaysian Ringgit
se In Singapore Dollar
b
F
tp In Swiss Franc
a
o
rA
a
p
-n
yra
ca
ke
d In US Dollar
a
cyn
ie
b In Malaysian Ringgit
o
a
llg
u
b
n
In Singapore Dollar
o
n
e In Euro
n
l-a
L
te
-n
Cisr In US Dollar
su
a
a
L
trb
p
d
o
rria In Japanese Yen
e
n
e
T
a
lyg
n
o
id Currencies
a
t-cN
te
tb
iy
a
e
le
le
te
rs
fm
L
o
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-i
r
s
b
a
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if
F
g
o
f
n
ri
e
37. REKLASIFIKASI AKUN 37. RECLASSIFICATION OF ACCOUNTS
Akun berikut dalam laporan laba rugi dan The following accounts in the consolidated
penghasilan komprehensif lain konsolidasian untuk tahun statement of profit or loss and other comprehensive inc
yang berakhir pada tanggal 31 Desember 2016 telah for the year ended December 31, 2016 have been
diklasifikasikan kembali agar sesuai dengan penyajian reclassified to conform with the presentation of accoun
akun dalam laporan laba rugi dan penghasilan komprehensif the consolidated statement of profit or loss and other
lain konsolidasian untuk comprehensive income for the year ended December 3
tahun yang berakhir pada tanggal 31 2017:
Desember 2017:
Tahun yang berakhir pada tanggal 31 Desember 2016/
Year ended December 31, 2016
Dilaporkan Sebelumnya/ Reklasifikasi/ Setelah
As Previously Reported Reclassification Direklasifikasi/
After Reclassified
2016/