PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk DAN ENTITAS ANAK Laporan Posisi Keuangan Konsolidasian 30 Juni 2014 dan 31 Desember 2013 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 30 Juni 2014/ June 30, 2014 ASET ASET LANCAR Kas dan setara kas Piutang usaha Pihak berelasi Pihak ketiga Piutang lain-lain - pihak ketiga Persediaan Pajak dibayar di muka - bersih Biaya dibayar di muka dan aset lancar lainnya JUMLAH ASET LANCAR
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk AND ITS SUBSIDIARIES Consolidated Statements of Financial Position June 30, 2014 and December 31, 2013 (Expressed in Millions of Rupiah, Unless Otherwise Stated) 31 Desember 2013/ December 31, 2013
1,448,900
409,488
842,418 908,777 149,389 3,309,844 119,932
1,326,502 683,980 119,195 3,365,362 101,456
2,318,947
2,606,542
ASSETS CURRENT ASSETS Cash and cash equivalents Trade accounts receivable Related parties Third parties Other receivables - third parties Inventories Prepaid taxes - net Prepaid expenses and other current assets
9,098,207
8,612,525
TOTAL CURRENT ASSETS
17,358 307 50,411
51,168 47 54,084
1,286,146 50,789
1,272,486 95,548
8,321,324
7,550,599
22,232 381
22,232 763
44,401 38,042 17,388 3,267 524,823
36,369 38,855 12,651 4,607 629,180
JUMLAH ASET TIDAK LANCAR
10,376,869
9,768,589
JUMLAH ASET
19,475,076
18,381,114
ASET TIDAK LANCAR Piutang dari pihak berelasi non-usaha Aset pajak tangguhan Investasi saham Tanaman perkebunan Tanaman telah menghasilkan setelah dikurangi akumulasi amortisasi sebesar Rp 748.105 dan Rp 706.218 masing-masing pada tanggal 30 Juni 2014 dan 31 Desember 2013 Tanaman belum menghasilkan Aset tetap setelah dikurangi akumulasi penyusutan sebesar Rp 2.638.502 dan Rp 2.473.481 masing-masing pada tanggal 30 Juni 2014 dan 31 Desember 2013 Aset takberwujud Goodwill Merek dagang - bersih Aset lain-lain Taksiran tagihan pajak Biaya tangguhan hak atas tanah - bersih Bibitan Biaya tangguhan lain-lain - bersih Lain-lain
NON CURRENT ASSETS Due from related parties Deferred tax assets Investments in shares of stock Plantations Mature plantations net of accumulated amortization of Rp 748,105 and Rp 706,218 as of June 30, 2014 and December 31, 2013, respectively Immature plantations Fixed assets net of accumulated depreciation of Rp 2,638,502 and Rp 2,473,481 as of June 30, 2014 and December 31, 2013, respectively Intangible assets Goodwill Brands and trademarks - net Other assets Estimated claims for tax refund Deferred landrights - net Nursery Other deferred charges - net Others TOTAL NON CURRENT ASSETS TOTAL ASSETS
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk DAN ENTITAS ANAK Laporan Posisi Keuangan Konsolidasian 30 Juni 2014 dan 31 Desember 2013 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) 30 Juni 2014/ June 30, 2014
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk AND ITS SUBSIDIARIES Consolidated Statements of Financial Position June 30, 2014 and December 31, 2013 (Expressed in Millions of Rupiah, Unless Otherwise Stated) 31 Desember 2013/ December 31, 2013
LIABILITAS DAN EKUITAS
LIABILITIES AND EQUITY
LIABILITAS LIABILITAS JANGKA PENDEK Utang bank jangka pendek Utang usaha Pihak berelasi Pihak ketiga Utang lain-lain - pihak ketiga Uang muka pelanggan Pihak berelasi Pihak ketiga Beban akrual Utang pajak Bagian utang bank jangka panjang yang akan jatuh tempo dalam waktu satu tahun
LIABILITIES CURRENT LIABILITIES Short-term bank loans Trade accounts payable Related parties Third parties Other accounts payable - third parties Advances from customers Related parties Third parties Accrued expenses Taxes payable Current portion of long-term bank loans
JUMLAH LIABILITAS JANGKA PENDEK
6,802,089
4,602,566
406,251 861,786 146,180
1,131,437 714,243 365,402
7,850 31,824 278,915 173,269
35,562 160,668 83,466
239,419
224,836
8,947,583
7,318,180
TOTAL CURRENT LIABILITIES
LIABILITAS JANGKA PANJANG Liabilitas pajak tangguhan - bersih Liabilitas imbalan pasca-kerja Utang bank jangka panjang setelah dikurangi bagian yang akan jatuh tempo dalam waktu satu tahun Utang kepada pihak berelasi non-usaha Utang obligasi Liabilitas jangka panjang lainnya
408,899 343,761
400,167 343,761
316,128 20,546 996,671 1,006,810
443,300 1,871,271 996,224 523,310
Long-term bank loans net of current portion Due to related parties Bonds payable Other non current liabilities
JUMLAH LIABILITAS JANGKA PANJANG
3,092,815
4,578,033
TOTAL NON CURRENT LIABILITIES
12,040,398
11,896,213
JUMLAH LIABILITAS
NON CURRENT LIABILITIES Deferred tax liabilities - net Post-employment benefits liabilities
TOTAL LIABILITIES
EKUITAS
EQUITY
Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas Induk Modal saham Nilai nominal Rp 200 per saham (Dalam Rupiah penuh) Modal dasar - 5.000.000.000 saham Modal ditempatkan dan disetor penuh 2.872.193.366 saham Tambahan modal disetor Saldo laba Telah ditentukan penggunaannya Belum ditentukan penggunaannya Komponen ekuitas lainnya
574,439 1,756,876
574,439 1,756,876
114,888 4,762,293 220,631
114,888 3,801,597 231,366
Equity Attributable to Owners of the Company Capital stock Rp 200 par value per share (In full Rupiah) Authorized - 5,000,000,000 shares Issued and fully paid 2,872,193,366 shares Additional paid-in capital Retained earnings Appropriated Unappropriated Other components of equity
Jumlah Kepentingan Nonpengendali
7,429,127 5,551
6,479,166 5,735
Total Non-controlling Interests
JUMLAH EKUITAS
7,434,678
6,484,901
TOTAL EQUITY
19,475,076
18,381,114
JUMLAH LIABILITAS DAN EKUITAS
TOTAL LIABILITIES AND EQUITY
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk DAN ENTITAS ANAK Laporan Laba Rugi Komprehensif Konsolidasian Untuk Periode Enam Bulan yang Berakhir 30 Juni 2014 dan 2013 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain)
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk AND ITS SUBSIDIARIES Consolidated Statements of Comprehensive Income For The Six-Month Periods Ended June 30, 2014 and 2013 (Expressed in Millions of Rupiah, Unless Otherwise Stated)
30 Juni 2014/
30 Juni 2013/
June 30, 2014
June 30, 2013
PENJUALAN BERSIH
17,429,173
11,182,907
BEBAN POKOK PENJUALAN
14,971,855
9,304,812
COST OF GOODS SOLD
2,457,318
1,878,095
GROSS PROFIT
774,890 517,248
559,631 321,491
OPERATING EXPENSES Selling General and administrative
Jumlah Beban Usaha
1,292,138
881,122
Total Operating Expenses
LABA USAHA
1,165,180
996,973
INCOME FROM OPERATIONS
LABA KOTOR BEBAN USAHA Penjualan Umum dan administrasi
PENGHASILAN (BEBAN) LAIN-LAIN Laba (rugi) selisih kurs - bersih Pendapatan bunga Ekuitas pada rugi bersih entitas asosiasi - bersih Beban bunga dan keuangan lainnya Lain-lain - bersih Penghasilan Lain-lain - Bersih LABA SEBELUM PAJAK BEBAN PAJAK Kini Tangguhan
LABA PERIODE BERJALAN
199,900 9,386 (4,535) (180,542) 102,895
(4,562) 5,877 (4,015) (103,600) 151,306
127,104
45,006
1,292,284
1,041,979
323,114 8,549
237,472 8,876
331,663
246,348
960,621
795,631
NET SALES
OTHER INCOME (EXPENSES) Gain (loss) on foreign exchange - net Interest income Share in net losses of associates - net Interest and other financial charges Miscellaneous - net Other Income - Net INCOME BEFORE TAX TAX EXPENSE Current Deferred
INCOME FOR THE PERIOD
PENDAPATAN KOMPREHENSIF LAIN Selisih kurs atas penjabaran laporan keuangan
(10,844)
11,373
OTHER COMPREHENSIVE INCOME Exchange differences on translation of financial statements
JUMLAH LABA KOMPREHENSIF
949,777
807,004
TOTAL COMPREHENSIVE INCOME
Laba (rugi) yang dapat diatribusikan kepada: Pemilik entitas induk Kepentingan nonpengendali
960,696 (75)
795,427 204
Income (loss) attributable to: Owners of the Company Non-controlling interests
960,621
795,631
Laba (rugi) komprehensif yang dapat diatribusikan kepada: Pemilik entitas induk Kepentingan nonpengendali
LABA PER SAHAM DASAR (Dalam Rupiah penuh)
949,961 (184)
806,686 318
949,777
807,004
334
277
Comprehensive income (loss) attributable to: Owners of the Company Non-controlling interests
BASIC EARNINGS PER SHARE (In full Rupiah)
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk DAN ENTITAS ANAK Laporan Perubahan Ekuitas Konsolidasian Untuk Periode Enam Bulan yang Berakhir 30 Juni 2014 dan 2013 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain)
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, 2014 and 2013 (Expressed in Millions of Rupiah, Unless Otherwise Stated)
Ekuitas yang Dapat Diatribusikan Kepada Pemilik Entitas Induk/Equity Attributable to Owners of the Company Selisih Nilai Transaksi Restrukturisasi Entitas Sepengendali/ Difference Komponen Tambahan Arising from Ekuitas Modal Saldo Laba/Retained Earnings Disetor/ Restructuring Lainnya/ Additional Transactions of Other Telah Ditentukan Belum Ditentukan Components of Modal Saham/ Paid-in Entities Under Penggunaannya/ Penggunaannya/ Capital Stock Capital Common Control Appropriated Unappropriated Equity Saldo pada tanggal 1 Januari 2013 sebelum reklasifikasi Reklasifikasi ke tambahan modal disetor Saldo pada tanggal 1 Januari 2013 setelah reklasifikasi Jumlah laba komprehensif periode berjalan Dividen
574,439 -
574,439 -
1,662,472
94,404
94,404
(94,404)
1,756,876
-
-
-
114,888
6,355,724
-
114,888 -
132,161
-
Jumlah/ Total
8,934,088
-
Kepentingan Nonpengendali/ Non-controlling Interests
Jumlah Ekuitas/ Total Equity
5,307
8,939,395
-
-
-
6,355,724
132,161
8,934,088
5,307
8,939,395
795,427
11,259
806,686
318
807,004
-
-
-
(841)
(841)
Balance as of January 1, 2013 before reclassification Reclassification to additional paid-in capital Balance as of January 1, 2013 after reclassification Total comprehensive income for the period Dividends
Saldo pada tanggal 30 Juni 2013
574,439
1,756,876
-
114,888
7,151,151
143,420
9,740,774
4,784
9,745,558
Balance as of June 30, 2013
Saldo pada tanggal 1 Januari 2014
574,439
1,756,876
-
114,888
3,801,597
231,366
6,479,166
5,735
6,484,901
Balance as of January 1, 2014
Jumlah laba komprehensif periode berjalan Saldo pada tanggal 30 Juni 2014
574,439
1,756,876
-
114,888
960,696 4,762,293
(10,735) 220,631
949,961 7,429,127
(184) 5,551
949,777 7,434,678
Total comprehensive income for the period Balance as of June 30, 2014
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk DAN ENTITAS ANAK Laporan Arus Kas Konsolidasian Untuk Periode Enam Bulan yang Berakhir 30 Juni 2014 dan 2013 (Disajikan dalam Jutaan Rupiah, kecuali dinyatakan lain)
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk AND ITS SUBSIDIARIES Consolidated Statements of Cash Flows For the Six- Month Periods Ended June 30, 2014 and 2013 (Expressed in Millions of Rupiah, Unless Otherwise Stated)
30 Juni 2014/ June 30, 2014
30 Juni 2013/ June 30, 2013
ARUS KAS DARI AKTIVITAS OPERASI Penerimaan kas dari pelanggan Pembayaran kas untuk pemasok Kas bersih yang diperoleh dari operasi Pembayaran untuk aktivitas operasional lainnya - bersih Pendapatan bunga Pembayaran beban bunga Penerimaan tagihan pajak Pembayaran pajak ekspor Pembayaran pajak penghasilan badan Kas Bersih Diperoleh dari Aktivitas Operasi ARUS KAS DARI AKTIVITAS INVESTASI Perolehan tanaman perkebunan Aset tetap Perolehan Hasil penjualan Bibitan Pembelian Penjualan Penambahan biaya hak atas tanah Penambahan uang muka proyek Uang muka perkebunan plasma Penambahan Pengembalian Penambahan biaya pembukaan lahan Penambahan uang muka investasi Kas Bersih Digunakan untuk Aktivitas Investasi ARUS KAS DARI AKTIVITAS PENDANAAN Utang bank jangka pendek Penerimaan Pembayaran Utang bank jangka panjang Pembayaran Utang kepada pihak berelasi non-usaha Penambahan Pembayaran Kas Bersih Digunakan untuk Aktivitas Pendanaan KENAIKAN BERSIH KAS DAN SETARA KAS
KAS DAN SETARA KAS AWAL PERIODE Pengaruh perubahan kurs mata uang asing
KAS DAN SETARA KAS AKHIR PERIODE
CASH FLOWS FROM OPERATING ACTIVITIES 17,983,763 (13,980,633)
12,362,566 (8,034,460)
Cash receipts from customers Cash paid to suppliers
4,003,130
4,328,106
(1,684,049) 18,408 (163,717) 128,233 (372,738) (303,857)
(1,296,678) 14,896 (90,102) 23,037 (208,316) (354,138)
Payments of other operating activities - net Interest received Payments of interest Proceeds from claims for tax refund Payments of export tax Payments of corporate income taxes
1,625,410
2,416,805
Net Cash Provided by Operating Activities
(9,039)
(11,256)
(527,966) 10,927
(802,227) 7,907
(9,190) 1,458 (88) (335,144)
(6,134) 2,977 (351,962)
(117,508) 109,460 (7,789) (863)
(52,668) 27,403 (3,863) (4,277)
(885,742)
(1,194,100)
Net cash generated from operations
CASH FLOWS FROM INVESTING ACTIVITIES Acquisitions of plantations Fixed assets Acquisition Proceeds from sale Nursery Purchases Sales Additional landrights cost Additional advances for projects Plasma plantation projects Additional Collections Additional land preparation costs Additional advances for investments Net Cash Used in Investing Activities
10,262,364 (8,065,529)
5,158,777 (5,732,730)
(106,265)
(73,209)
1,481,716 (3,269,644)
1,620,829 (2,639,847)
CASH FLOWS FROM FINANCING ACTIVITIES Short-term bank loans Proceeds Payments Long-term bank loans Payments Due to related parties Additional Payments
302,642
(1,666,180)
Net Cash Used in Financing Activities
1,042,310
(443,475)
409,488 (2,898)
1,448,900
1,183,482 18,701
758,708
NET INCREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD Effect of foreign exchange rate changes CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD
