PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk DAN ENTITAS ANAK Laporan Posisi Keuangan Konsolidasian 30 September 2014 dan 31 Desember 2013 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain)
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk AND ITS SUBSIDIARIES Consolidated Statements of Financial Position September 30, 2014 and December 31, 2013 (Expressed in Millions of Rupiah, Unless Otherwise Stated)
31 Desember 2013/ December 31, 2013
30 September 2014/ September 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 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 769.614 dan Rp 706.218 masing-masing pada tanggal 30 September 2014 dan 31 Desember 2013 Tanaman belum menghasilkan Aset tetap setelah dikurangi akumulasi penyusutan sebesar Rp 2.745.118 dan Rp 2.473.481 masing-masing pada tanggal 30 September 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
585,675
409,488
836,944 520,468 138,511 3,178,050 127,626
1,326,502 683,980 119,195 3,365,362 101,456
2,247,344
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
7,634,618
8,612,525
TOTAL CURRENT ASSETS
14,426 424 49,498
51,168 47 54,084
1,264,636 59,141
1,272,486 95,548
8,585,928
7,550,599
22,232 191
22,232 763
45,709 38,095 17,243 6,287 415,849
36,369 38,855 12,651 4,607 629,180
JUMLAH ASET TIDAK LANCAR
10,519,659
9,768,589
JUMLAH ASET
18,154,277
18,381,114
-1-
NON CURRENT ASSETS Due from related parties Deferred tax assets Investments in shares of stock Plantations Mature plantations net of accumulated amortization of Rp 769,614 and Rp 706,218 as of September 30, 2014 and December 31, 2013, respectively Immature plantations Fixed assets net of accumulated depreciation of Rp 2,745,118 and Rp 2,473,481 as of September 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 September 2014 dan 31 Desember 2013 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain)
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk AND ITS SUBSIDIARIES Consolidated Statements of Financial Position September 30, 2014 and December 31, 2013 (Expressed in Millions of Rupiah, Unless Otherwise Stated)
31 Desember 2013/ December 31, 2013
30 September 2014/ September 30, 2014 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 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 Third parties Accrued expenses Taxes payable Current portion of long-term bank loans
JUMLAH LIABILITAS JANGKA PENDEK 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 JUMLAH LIABILITAS JANGKA PANJANG JUMLAH LIABILITAS
5,067,863
4,602,566
425,987 728,234 175,536
1,131,437 714,243 365,402
138,179 304,260 132,751
35,562 160,668 83,466
251,693
224,836
7,224,503
7,318,180
416,070 343,761
400,167 343,761
251,114 202,395 996,902 1,054,345
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
3,264,587
4,578,033
TOTAL NON CURRENT LIABILITIES
10,489,090
11,896,213
TOTAL CURRENT LIABILITIES NON CURRENT LIABILITIES Deferred tax liabilities - net Post-employment benefits liabilities
TOTAL LIABILITIES
EKUITAS 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 4,987,653 225,877
114,888 3,801,597 231,366
EQUITY 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
7,659,733 5,454
6,479,166 5,735
Total Non-controlling Interests
JUMLAH EKUITAS
7,665,187
6,484,901
TOTAL EQUITY
18,154,277
18,381,114
JUMLAH LIABILITAS DAN EKUITAS
-2-
TOTAL LIABILITIES AND EQUITY
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk DAN ENTITAS ANAK Laporan Laba Rugi Komprehensif Konsolidasian Untuk Periode Sembilan Bulan yang Berakhir 30 September 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 Nine-Month Periods Ended September 30, 2014 and 2013 (Expressed in Millions of Rupiah, Unless Otherwise Stated)
30 September 2014/
30 September 2013/
September 30, 2014
September 30, 2013
PENJUALAN BERSIH
24,978,502
16,726,311
NET SALES
BEBAN POKOK PENJUALAN
21,470,297
13,868,014
COST OF GOODS SOLD
LABA KOTOR
3,508,205
2,858,297
BEBAN USAHA Penjualan Umum dan administrasi
1,106,022 795,830
861,199 600,000
Jumlah Beban Usaha
1,901,852
1,461,199
Total Operating Expenses
LABA USAHA
1,606,353
1,397,098
INCOME FROM OPERATIONS
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 (Beban) Lain-lain - Bersih LABA SEBELUM PAJAK
GROSS PROFIT OPERATING EXPENSES Selling General and administrative
115,806 15,905 (5,448) (265,887) 151,358
(181,375) 8,865 (2,986) (168,322) 71,829
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
11,734
(271,989)
Other Income (Expense) - Net
1,618,087
1,125,109
BEBAN PAJAK Kini Tangguhan
402,223 15,562
243,941 16,285
TAX EXPENSE Current Deferred
Jumlah Beban Pajak
417,785
260,226
Total Tax Expense
1,200,302
864,883
INCOME FOR THE PERIOD
LABA PERIODE BERJALAN PENDAPATAN KOMPREHENSIF LAIN Selisih kurs atas penjabaran laporan keuangan
(5,545)
INCOME BEFORE TAX
79,564
OTHER COMPREHENSIVE INCOME Exchange differences on translation of financial statements
JUMLAH LABA KOMPREHENSIF
1,194,757
944,447
TOTAL COMPREHENSIVE INCOME
Laba (rugi) yang dapat diatribusikan kepada: Pemilik entitas induk Kepentingan nonpengendali
1,200,417 (115)
864,634 249
Income (loss) attributable to: Owners of the Company Non-controlling interests
1,200,302
864,883
Laba (rugi) komprehensif yang dapat diatribusikan kepada: Pemilik entitas induk Kepentingan nonpengendali
LABA PER SAHAM DASAR (Dalam Rupiah penuh)
1,194,928 (171)
943,403 1,044
1,194,757
944,447
418
301
-3-
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 Sembilan Bulan yang Berakhir 30 September 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 Nine-Month Periods Ended September 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/ Tambahan Difference Komponen Modal Arising from Ekuitas Saldo Laba/Retained Earnings Disetor/ Restructuring Lainnya/ Additional Transactions of Telah Ditentukan Belum Ditentukan Other 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
574,439
Reklasifikasi ke tambahan modal disetor Saldo pada tanggal 1 Januari 2013 setelah reklasifikasi Jumlah laba komprehensif periode berjalan
1,662,472 -
574,439 -
Dividen
94,404
114,888
94,404
(94,404)
1,756,876
-
-
-
-
-
6,355,724 -
114,888 -
-
-
132,161 -
Kepentingan Nonpengendali/ Non-controlling Interests
Jumlah/ Total
8,934,088 -
Jumlah Ekuitas/ Total Equity
5,307 -
Balance as of January 1, 2013 before reclassification
8,939,395 -
-
6,355,724
132,161
8,934,088
5,307
8,939,395
864,634
78,769
943,403
1,044
944,447
(3,446,632)
-
(3,446,632)
(841)
(3,447,473)
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 September 2013
574,439
1,756,876
-
114,888
3,773,726
210,930
6,430,859
5,510
6,436,369
Balance as of September 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
1,194,757
Total comprehensive income for the period
Jumlah laba komprehensif periode berjalan
-
-
-
-
Dividen
-
-
-
-
Saldo pada tanggal 30 September 2014
574,439
1,756,876
-
114,888
1,200,417 (14,361) 4,987,653
-4-
(5,489) 225,877
1,194,928 (14,361) 7,659,733
(171) (110) 5,454
(14,471) 7,665,187
Dividends Balance as of September 30, 2014
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk DAN ENTITAS ANAK Laporan Arus Kas Konsolidasian Untuk Periode Sembilan Bulan yang Berakhir 30 September 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 Nine-Month Periods Ended September 30, 2014 and 2013 (Expressed in Millions of Rupiah, Unless Otherwise Stated)
30 September 2014/ September 30, 2014
30 September 2013/ September 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 INVESTAS 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 investasi saham 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 Pembayaran dividen kepada: Pemilik entitas induk Kepentingan nonpengendali Kas Bersih Digunakan untuk Aktivitas Pendanaan
CASH FLOWS FROM OPERATING ACTIVITIES 26,168,978 (19,917,564)
18,009,784 (12,750,254)
6,251,414
5,259,530
(2,377,620) 33,936 (260,082) 3,720 (476,391) (424,611)
(2,068,024) 26,896 (149,022) 22,482 (317,936) (327,555)
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
2,750,366
2,446,371
Net Cash Provided by Operating Activities
(15,354)
(17,638)
(707,345) 17,699
(1,113,917) 15,336
(11,639) 2,016 (562) (412,285)
(7,476) 4,433 (25) (670,181)
(171,873) 181,790 (9,665) (862)
(79,082) 28,378 (6,992) (34,450)
(1,128,080)
(1,881,614)
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 investments in shares of stock Net Cash Used in Investing Activities
13,939,395 (13,558,235)
8,220,582 (7,008,433)
(164,887)
(115,732)
1,639,661 (3,287,869)
4,052,642 (2,899,802)
(14,357) (110)
(3,447,602) (842)
CASH FLOWS FROM FINANCING ACTIVITIES Short-term bank loans Proceeds Payments Long-term bank loans Payments Due to related parties Additional Payments Payments of dividends to: Owners of the Company Non-controlling interests
(1,446,402)
(1,199,187)
Net Cash Used in Financing Activities
KENAIKAN (PENURUNAN) BERSIH KAS DAN SETARA KAS
175,884
KAS DAN SETARA KAS AWAL PERIODE
409,488
1,183,482
Pengaruh perubahan kurs mata uang asing
303
48,149
585,675
597,201
KAS DAN SETARA KAS AKHIR PERIODE
Cash receipts from customers Cash paid to suppliers
-5-
(634,430)
NET INCREASE (DECREASE) 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
