PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk DAN ANAK PERUSAHAAN Neraca Konsolidasi 30 Juni 2007 dan 2006
AKTIVA LANCAR Kas dan setara kas Investasi jangka pendek Piutang usaha Pihak yang mempunyai hubungan istimewa Pihak ketiga Piutang lain-lain - pihak ketiga Persediaan Biaya dibayar dimuka dan aktiva lancar lainnya Pajak Pertambahan Nilai dibayar dimuka - bersih JUMLAH AKTIVA LANCAR AKTIVA TIDAK LANCAR Piutang dari pihak yang mempunyai hubungan istimewa Aktiva pajak tangguhan - bersih Investasi dalam saham pada perusahaan asosiasi Tanaman perkebunan Tanaman telah menghasilkan - setelah dikurangi akumulasi amortisasi sebesar Rp 266.085.479.764 pada periode 2007 dan Rp 220.774.214.043 pada periode 2006 Tanaman belum menghasilkan Aktiva tetap - setelah dikurangi akumulasi penyusutan sebesar Rp 547.369.488.977 pada periode 2007 dan Rp 457.124.439.478 pada periode 2006 Aktiva tidak berwujud Goodwill - bersih Merek dagang - bersih Aktiva lain-lain Taksiran tagihan pajak Bibitan Biaya tangguhan hak atas tanah - bersih Biaya pengembangan piranti lunak - bersih Biaya ditangguhkan lainnya - bersih Lain-lain
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk AND ITS SUBSIDIARIES Consolidated Balance Sheets June 30, 2007 and 2006
2007
2006
Rp
Rp
650,963,436,118 37,335,606,717
118,679,465,155 164,385,831,999
135,046,304,089 273,257,911,455 19,600,861,703 938,683,715,743 405,584,896,812 148,197,837,164
112,145,511,251 197,585,334,702 53,525,093,432 700,567,142,854 158,273,919,526 73,912,513,183
2,608,670,569,801
1,579,074,812,102
CURRENT ASSETS Cash and cash equivalents Short-term investments Trade accounts receivable Related parties Third parties Other receivables - third parties Inventories Prepaid expenses and other current assets Prepaid Value Added Tax - net TOTAL CURRENT ASSETS NON-CURRENT ASSETS
134,195,354,153 53,632,078,652 151,774,242,642
140,767,893,525 18,856,635,415 334,774,951,796
Due from related parties Deferred tax assets - net Investments in shares of associates Plantations Mature plantations - net of accumulated amortization of Rp 266,085,479,764 in 2007 and Rp 220,774,214,043 in 2006 Immature plantations Property, plant and equipment - net of accumulated depreciation of Rp 547,369,488,977 in 2007 and Rp 457,124,439,478 in 2006
866,802,831,841 309,065,919,090
855,440,085,408 136,817,617,813
1,826,596,999,975
1,376,431,589,942
35,205,442,422 5,725,950,000
65,748,044,748 6,486,562,500
95,024,191,195 31,397,320,140 19,815,479,663 11,437,274,480 2,336,122,587 290,384,691,486
76,985,127,325 37,837,511,132 18,130,533,631 11,437,274,480 8,472,989,345 110,433,815,611
Intangible assets Goodwill - net Brands and trademarks - net Other assets Estimated claims for tax refund Nursery Deferred landrights - net Software development costs - net Other deferred charges - net Others
450,395,079,551
263,297,251,524
Total other assets
JUMLAH AKTIVA TIDAK LANCAR
3,833,393,898,326
3,198,620,632,671
TOTAL NON-CURRENT ASSETS
JUMLAH AKTIVA
6,442,064,468,127
4,777,695,444,773
TOTAL ASSETS
Jumlah aktiva lain-lain
1
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk DAN ANAK PERUSAHAAN Neraca Konsolidasi 30 Juni 2007 dan 2006 (Lanjutan)
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk AND ITS SUBSIDIARIES Consolidated Balance Sheets June 30, 2007 and 2006 (Continued)
2007
2006
Rp
Rp
KEWAJIBAN DAN EKUITAS KEWAJIBAN LANCAR Hutang bank jangka pendek Hutang usaha Pihak yang mempunyai hubungan istimewa Pihak ketiga Hutang lain-lain Pihak yang mempunyai hubungan istimewa Pihak ketiga Uang muka pelanggan Pihak yang mempunyai hubungan istimewa Pihak ketiga Biaya yang masih harus dibayar Hutang pajak Bagian hutang jangka panjang yang akan jatuh tempo dalam waktu satu tahun JUMLAH KEWAJIBAN LANCAR
LIABILITIES AND EQUITY CURRENT LIABILITIES Short-term bank loans Trade accounts payable Related parties Third parties Other payables Related party Third parties Advances from customers Related party Third parties Accrued expenses Taxes payable
443,646,000,000
239,940,000,000
371,262,710,854 176,905,880,967
279,849,360,361 178,913,775,124
22,635,000,000 31,944,778,499
23,250,000,000 34,354,373,474
15,522,687,565 44,803,211,887 87,837,568,289
131,376,341 22,017,376,882 34,475,993,008 11,988,014,735
52,607,118,163
215,553,401,031
1,247,164,956,224
1,040,473,670,956
230,192,402,717 54,026,603,000
129,438,957,362 34,116,967,823
NON-CURRENT LIABILITIES Deferred tax liabilities - net Defined post-employment benefits reserve
Current maturities of long-term debts TOTAL CURRENT LIABILITIES
KEWAJIBAN TIDAK LANCAR Kewajiban pajak tangguhan - bersih Cadangan imbalan pasti pasca-kerja Hutang jangka panjang - setelah dikurangi bagian yang akan jatuh tempo dalam waktu satu tahun Hutang kepada pihak yang mempunyai hubungan istimewa
131,708,611,808
630,511,006,061
Long-term debts - net of current maturities
1,735,580,086,887
659,844,763,282
Due to related parties
JUMLAH KEWAJIBAN TIDAK LANCAR
2,151,507,704,412
1,453,911,694,528
KELEBIHAN BAGIAN RUGI BERSIH PERUSAHAAN ASOSIASI ATAS BIAYA PEROLEHAN HAK MINORITAS ATAS AKTIVA BERSIH ANAK PERUSAHAAN EKUITAS Modal saham - nilai nominal Rp 200 per saham Modal dasar - 5.000.000.000 saham Modal ditempatkan dan disetor penuh - 2.872.193.366 saham Tambahan modal disetor Selisih kurs penjabaran Selisih transaksi perubahan ekuitas anak perusahaan Selisih transaksi perubahan ekuitas perusahaan asosiasi Selisih nilai transaksi restrukturisasi entitas sepengendali Saldo laba (defisit)
-
2,394,770,810
10,000,000
10,000,000
TOTAL NON-CURRENT LIABILITIES EXCESS OF EQUITY IN NET LOSSES OF AN ASSOCIATE OVER COST MINORITY INTEREST IN NET ASSETS OF A SUBSIDIARY EQUITY Capital stock - Rp 200 par value per share Authorized - 5,000,000,000 shares
574,438,673,200 1,662,472,039,200 104,010,068,115
574,438,673,200 1,662,472,039,200 107,928,118,624
68,077,476,883
24,703,013,824
561,583,860
16,163,179,153
92,241,224,885 541,580,741,348
(11,987,787,393) (92,811,928,129)
Issued and fully paid - 2,872,193,366 shares Additional paid-in capital Difference in foreign currency translation Difference arising from changes in subsidiaries' equity Difference arising from changes in associated companies' equity Difference arising from restructuring transactions of entities under common control Retained earnings (deficit)
JUMLAH EKUITAS
3,043,381,807,491
2,280,905,308,479
TOTAL EQUITY
JUMLAH KEWAJIBAN DAN EKUITAS
6,442,064,468,127
4,777,695,444,773
TOTAL LIABILITIES AND EQUITY
2
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk DAN ANAK PERUSAHAAN Laporan Laba Rugi Konsolidasi Untuk Periode Enam Bulan yang Berakhir 30 Juni 2007 dan 2006
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk AND ITS SUBSIDIARIES Consolidated Statements of Income For the Six-Month Periods Ended June 30, 2007 and 2006
2007
2006
Rp
Rp
PENDAPATAN USAHA
2,957,968,953,332
2,357,304,790,579
REVENUES
BEBAN POKOK PENJUALAN
2,107,788,242,666
1,838,972,101,456
COST OF GOODS SOLD
850,180,710,666
518,332,689,123
90,738,584,036 29,760,291,249
87,477,074,665 48,001,658,475
OPERATING EXPENSES Selling General and administrative
Jumlah Beban Usaha
120,498,875,285
135,478,733,140
Total Operating Expenses
LABA USAHA
729,681,835,381
382,853,955,983
INCOME FROM OPERATIONS
LABA KOTOR BEBAN USAHA Penjualan Umum dan administrasi
GROSS PROFIT
PENGHASILAN (BEBAN) LAIN-LAIN Bagian atas laba bersih perusahaan asosiasi - bersih Pendapatan bunga Beban bunga dan keuangan lainnya Laba (rugi) selisih kurs - bersih Lain-lain - bersih
15,408,958,282 6,134,473,049 (68,115,576,119) (11,124,658,543) 24,356,704,000
789,558,862 9,805,728,614 (64,082,733,701) 65,272,532,201 3,378,765,549
Penghasilan (Beban) Lain-lain - Bersih
(33,340,099,331)
15,163,851,525
LABA SEBELUM PAJAK
696,341,736,050
398,017,807,508
95,045,848,030 91,372,098,826
2,088,870,518 23,999,446,629
TAX EXPENSE Current Deferred
Jumlah Beban Pajak
186,417,946,856
26,088,317,147
Total Tax Expense
LABA SEBELUM LABA PRA-AKUISISI
509,923,789,194
371,929,490,361
BEBAN PAJAK Kini Tangguhan
LABA PRA-AKUISISI LABA BERSIH LABA BERSIH PER SAHAM DASAR
OTHER INCOME (EXPENSES)
-
(514,063,979)
509,923,789,194
371,415,426,382
178
129
Equity in net profit of associates - net Interest income Interest and other financial charges Gain (loss) on foreign exchange - net Miscellaneous - net Other Income (Expenses) - Net INCOME BEFORE TAX
INCOME BEFORE PRE-ACQUISITION INCOME PRE-ACQUISITION INCOME NET INCOME BASIC EARNINGS PER SHARE
3
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk DAN ANAK PERUSAHAAN Laporan Perubahan Ekuitas Konsolidasi Untuk Periode Enam Bulan yang Berakhir 30 Juni 2007 dan 2006
Modal Saham/ Capital Stock Saldo per 1 Januari 2006
574,438,673,200
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk AND ITS SUBSIDIARIES Consolidated Statements of Changes in Equity For the Six-Month Periods Ended June 30, 2007 and 2006
Tambahan Modal Disetor/ Additional Paid-in Capital 1,662,472,039,200
Selisih kurs karena penjabaran laporan keuangan perusahaan asosiasi
-
-
Selisih transaksi perubahan ekuitas perusahaan asosiasi
-
-
Laba bersih periode berjalan
-
-
Selisih Kurs Penjabaran/ Difference in Foreign Currency Translation 116,703,860,204
(8,775,741,580)
-
Selisih Transaksi Perubahan Ekuitas Anak Perusahaan/ Difference Arising from Changes in Subsidiaries' Equity 24,703,013,824
-
-
Selisih Transaksi Perubahan Ekuitas Perusahaan Asosiasi/ Difference Arising from Changes in Associated Companies' Equity 26,467,936,017
-
(10,304,756,864) -
Selisih Nilai Transaksi Restrukturisasi Entitas Sepengendali/ Difference Arising from Restructuring Transactions of Entities Under Common Control (11,987,787,393)
Saldo laba (Defisit)/ Retained Earnings (Deficit) (464,227,354,511)
Jumlah Ekuitas/ Total Equity 1,928,570,380,541
-
-
(8,775,741,580)
-
-
(10,304,756,864)
-
371,415,426,382
371,415,426,382
Balance as of January 1, 2006
Difference in foreign currency translation of associated companies' financial statements Difference arising from changes in associated companies' equity Net income for the period
Saldo per 30 Juni 2006
574,438,673,200
1,662,472,039,200
107,928,118,624
24,703,013,824
16,163,179,153
(11,987,787,393)
(92,811,928,129)
2,280,905,308,479
Balance as of June 30, 2006
Saldo per 1 Januari 2007
574,438,673,200
1,662,472,039,200
103,464,328,854
68,077,476,883
16,972,153,478
(11,987,787,393)
163,777,846,990
2,577,214,731,212
Balance as of January 1, 2007
Selisih kurs karena penjabaran laporan keuangan perusahaan asosiasi
-
-
Selisih transaksi perubahan ekuitas perusahaan asosiasi
-
-
-
-
Selisih nilai transaksi restrukturisasi entitas sepengendali
-
-
-
-
545,739,261
-
-
(16,410,569,618)
-
-
-
-
(16,410,569,618)
Difference arising from changes in associated companies' equity
-
104,229,012,278
Difference arising from restructuring transactions of entities under common control
104,229,012,278
545,739,261
Dividen tunai
-
-
-
-
-
-
(132,120,894,836)
(132,120,894,836)
Laba bersih periode berjalan
-
-
-
-
-
-
509,923,789,194
509,923,789,194
541,580,741,348
3,043,381,807,491
Saldo per 30 Juni 2007
574,438,673,200
1,662,472,039,200
104,010,068,115
68,077,476,883
561,583,860
Difference in foreign currency translation of associated companies' financial statements
-
92,241,224,885
Cash dividends Net income for the period Balance as of June 30, 2007
4
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk DAN ANAK PERUSAHAAN Laporan Arus Kas konsolidasi Untuk Periode Enam Bulan yang Berakhir 30 Juni 2007 dan 2006
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk AND ITS SUBSIDIARIES Consolidated Statements of Cash Flows For the Six-Month Periods Ended June 30, 2007 and 2006
2007
2006
Rp
Rp
ARUS KAS DARI AKTIVITAS OPERASI Penerimaan kas dari pelanggan Pembayaran kas untuk pemasok, kontraktor, karyawan dan lainnya Kas yang diperoleh dari operasi Pembayaran untuk aktivitas operasi lainnya - bersih Pembayaran beban bunga - bersih Pembayaran pajak penghasilan Kas Bersih Diperoleh dari (Digunakan untuk) Aktivitas Operasi
CASH FLOWS FROM OPERATING ACTIVITIES 2,753,848,866,101
2,293,141,383,128
(2,167,292,426,784)
(1,816,488,133,993)
586,556,439,317 (294,002,663,562) (85,310,968,097) (48,338,886,602)
476,653,249,135 (402,835,856,265) (85,242,765,903) (43,495,424,102)
158,903,921,056
(54,920,797,135)
ARUS KAS DARI AKTIVITAS INVESTASI Penurunan (penambahan) investasi dalam saham pada perusahaan asosiasi Hasil penjualan aktiva tetap Perolehan aktiva tetap dan penambahan tanaman perkebunan Penambahan bersih investasi jangka pendek Penambahan pembukaan lahan Kenaikan bersih bibitan Penerimaan dividen tunai Pembayaran untuk akuisisi anak perusahaan setelah dikurangi saldo kas pada tanggal akuisisi Kas Bersih Digunakan untuk Aktivitas Investasi ARUS KAS DARI AKTIVITAS PENDANAAN Penambahan hutang kepada pihak yang mempunyai hubungan istimewa Penerimaan hutang bank jangka pendek Pembayaran hutang jangka panjang Pembayaran hutang kepada pihak yang mempunyai hubungan istimewa Pembayaran hutang bank jangka pendek Pembayaran dividen tunai Penambahan piutang kepada pihak yang mempunyai hubungan istimewa Penambahan hutang jangka panjang
Cash receipts from customers Cash paid to suppliers, contractors, employees and others Cash generated from operations Payment for other operating activities - net Payment of interest - net Payment of of income taxes Net Cash Provided by (Used in) Operating Activities CASH FLOWS FROM INVESTING ACTIVITIES
311,500,000,000 3,687,683,624 (287,748,584,529) (24,457,315,050) (13,249,644,252) (3,006,905,450) (13,274,765,657)
(663,000,000) 8,520,199,326 (117,450,983,855) (43,199,280,929) (12,849,747,768) (12,005,149,331) 96,750,000,000 (30,228,072,023) (111,126,034,580)
Decrease (increase) in investment in shares of associated company Proceeds from sale of property, plant and equipment Acquisitions of property, plant and equipment and additional plantation estates Net increase in short-term investments Additional land clearing Net increase in nursery Receipt of cash dividends Payment for acquisition of a subsidiary net of cash balance at acquisition date Net Cash Used in Investing Activities CASH FLOWS FROM FINANCING ACTIVITIES
1,071,396,558,185 454,066,478,208 (604,601,689,645)
63,135,837,651 (75,313,188,538)
Additional due to related parties Additional short-term loans Payments of long-term debts
(275,342,056,000) (244,715,586,168) (132,120,894,836)
(425,932,720,000) -
Payments of due to related parties Payments of short-term loans Payment of cash dividends
(87,113,007,672) -
(25,046,125,016) 364,528,000,000
Additional due from related parties Additional long-term debts
Kas Bersih Diperoleh dari (Digunakan untuk) Aktivitas Pendanaan
181,569,802,072
(98,628,195,903)
Net Cash Provided by (Used in) Financing Activities
KENAIKAN (PENURUNAN) BERSIH KAS DAN SETARA KAS
327,198,957,471
(264,675,027,618)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
KAS DAN SETARA KAS AWAL PERIODE
323,764,478,647
383,354,492,773
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD
KAS DAN SETARA KAS AKHIR PERIODE
650,963,436,118
118,679,465,155
CASH AND CASH EQUIVALENTS AT END OF THE PERIOD
5
