PT GARUDA

INDONESIA
(PERSERO) TBK
KELOMPOK 5

Comparing Financial Statement (2018-2019)

 OUR TEAM

(14)
Indana Aulia
Riza
Heni Nuri Elma
(10) (20)
Febriyanti
OUR COMPANY

PT. Garuda Indonesia (Persero) Tbk

(GIAA) is an airline owned by the
Government of the Republic of
Indonesia, providing commercial aircraft
for passengers, cargo, and other services
related to air transportation in Indonesia,
including ground services, maintenance
and repair operations services, and
services. in-flight catering.
THE COMPANY AT A
GLANCE

AUTHORIZED
CAPITAL
30,000,000,000 shares with
nominalvalue of
Rp13,770,000,000,000 or
SHAREHOLD Rp459 each ISSUED AND PAID-UP
 Government ERS
of Republic of
Indonesia (60.5%) CAPITAL
 PT Trans Airways (25.6%) 25,886,576,254 shares with
 Public (13.84%) nominalvalue of
Rp10,392,217,164,000
THE TOTAL
COMPANY AT FLEETS
210 fleets as of
December 31, 2019
A GLANCE
NETWORK
DISTRIBUTION
- 22 International
- 48 Domestic

TOTAL
EMPLOYEES
7,878 Employees per
December 31, 2019
 Vision
Value-Driven Aviation Group, Bringing Indonesian Hospitality to the World (US$3.5
Billion)
Mision :

Shareholder Customer Process Employee

Maximize By delivering
And by engaging
group value for excellent While passionate & proud
better Indonesia implementing employee in one of
shareholder hospitality and cost leadership the most admired
return among world & synergy company to work
regional bestexperience within group. for in Indonesia.
airlines. s to customers
 COMPANY STRATEGY

B C

Corporate Culture Revenue Redefine Cost

Transformation through the Enhancement Structure Based on
Development of People, Shared Service
Process, and Technology. Organization
CONSOLIDATED
STATEMENT OF
FINANCIAL
POSITION
ASSETS

Asset in 2019 was USD4.46 billion, an increase of

7.22%compared to that of 2018 which was USD4.15 billion.
The increase came from the growth of non-current assets of
8.01% or USD246.25 million and growth of current assets of
5.00% or USD53.95 million.
LIABILITIES

Liabilities in 2019 reached USD3.74 billion, an increase of

6.24% compared to that of 2018 which reached USD 3.52
billion. The increase came from the growth of current
liabilities by 6.42% or USD 196.44 million and growth of
non-current liabilities by 5.05% or USD22.94 million.
 EQUITY
Equity in 2019 reached USD
720.62 million, an increase of
12.63% compared to that of
2018 which reached USD
639.81 million. The increase
was derived from the growth
of other comprehensive
income which increased by
166.59% or USD100.71
million. This was related tothe
Company’s hedging
transaction in 2019.
PROFIT AND LOSS
 OPERATING
REVENUES

Operating revenues in 2019 reached USD 4.57 billion, an increase of 5.59%

compared to that of 2018 which reached USD 4.33 billion. The increase came
from the growth of scheduled airline services of 6.92% or USD 244.08million
and other operating revenues growth of 2.82% or USD 15.08 million.
OPERATING
EXPENSES
Operating expenses in 2019 reached
USD 4.41 billion, a decrease of
4.02% compared to that of 2018
which reached USD4.59 billion. The
decrease was due to there duced flight
operations expenses of USD 188.13
millionor 6.87%. The reduction was
in line with the strategy of adjusting
production capacity which has an
impact on reducing the fuel load by
14.80%, decreasing the amount of
fuel consumption by 14.04% during
the aircraft fuelprice decreased by
0.84%.
 PROFIT (LOSS) FOR THE YEAR

Profit for the year in 2019 reached USD 6.46 million, an increase of 102.82%
compared to that of 2018, which suffered a loss of USD 228.89 million. The
increase came from passenger growth of 4.62% or USD 150.67 million and
cargo and document growth of 23.12% or USD 61.39 million.
STATEMENT OF CASH FLOWS
GRAPH OF STATEMENT OF CASH
FLOWS
CASH FLOW FROM OPERATING
ACTIVITIES
Net cash provided by operating
activities in 2019 reached
USD513.10 million, an increase of
1,710.33% compared to that of 2018
which was USD28.34 million. The
increase was due to the increase in
receipts from customers of 6.27%or
USD271.45 million and the increase
in interest receiptsof 102.26% or
USD3.78 million.
CASH FLOW FROM
INVESTING
ACTIVITIES
Net cash used in investing activities
in 2019 reached (USD317.43)
million, an increase of 5.73%
compared to that of 2018 which was
(USD300.23) million. The increase
was due to the increase in
acquisitions of fixed assets of USD
103.91 or USD 152.13 million and
the increase in advance payments for
purchase aircrafts by 1,101.66%
orUSD34.49 million.
CASH FLOW FROM
FINANCING
ACTIVITIES
Net cash used in financing activities in
2019 reached (USD146,74) million, a
decrease of 162.02% compared to that
of 2018 which was USD 236.58 million.
The decrease was due to the reduced
income from short-term loan sand
factoring, each of which decreased by
143.48%or USD 284.53 million and
decreased by 150.28% or USD 165.01
million, respectively. In addition,
reducedasset-backed securitisation loan
amounting to USD149.76 million also
contributed to lower the cash flow from
financing activities.
 CONCLUTION

Based on the results of the comparison of

these financial statements, it can be
concluded that the financial performance
of Garuda Indonesia from 2018-2019 has
increased and decreased due to several
factors. Which of these increases and
decreases will have an impact on the
decision-making of the parties
concerned.
THANK YOU!!!
Have a nice day!
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