PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk DAN ENTITAS ANAK Laporan Posisi Keuangan Konsolidasian 31 Maret 2014 dan 31 Desember 2013 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain)
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 March 31, 2014 and December 31, 2013 (Expressed in Millions of Rupiah, Unless Otherwise Stated)
2013
726,962
409,488
1,748,763 792,105 200,335 2,881,568 32,197
1,326,502 683,980 119,195 3,365,362 101,456
1,396,457
1,655,967
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
7,778,387
7,661,950
TOTAL CURRENT ASSETS
12,179 179 50,701
51,168 47 54,084
1,307,672 42,882
1,272,486 95,548
7,800,324
7,550,599
22,232 572
22,232 763
988,544 38,434 14,441 3,658 539,885
986,944 38,855 12,651 4,607 629,180
JUMLAH ASET TIDAK LANCAR
10,821,703
10,719,164
TOTAL NON CURRENT ASSETS
JUMLAH ASET
18,600,090
18,381,114
TOTAL ASSETS
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 726.579 dan Rp 706.218 masing-masing pada tanggal 31 Maret 2014 dan 31 Desember 2013 Tanaman belum menghasilkan Aset tetap setelah dikurangi akumulasi penyusutan sebesar Rp 2.506.817 dan Rp 2.473.481 masing-masing pada tanggal 31 Maret 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 726,579 and Rp 706,218 as of March 31, 2014 and December 31, 2013, respectively Immature plantations Fixed assets net of accumulated depreciation of Rp 2,506,817 and Rp 2,473,481 as of March 31, 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
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk DAN ENTITAS ANAK Laporan Posisi Keuangan Konsolidasian 31 Maret 2014 dan 31 Desember 2013 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain)
2014
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk AND ITS SUBSIDIARIES Consolidated Statements of Financial Position March 31, 2014 and December 31, 2013 (Expressed in Millions of Rupiah, Unless Otherwise Stated)
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 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
3,895,374
4,602,566
1,372,466 615,775 289,035 65,484 288,693 266,927
1,131,437 714,243 365,402 35,562 160,668 83,466
228,228
224,836
7,021,982
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
403,299 343,761
400,167 343,761
365,378 1,591,777 996,445 532,280
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
4,232,940
4,578,033
TOTAL NON CURRENT LIABILITIES
11,254,922
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 4,689,868 203,746
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
7,339,817 5,351
6,479,166 5,735
Total Non-controlling Interests
JUMLAH EKUITAS
7,345,168
6,484,901
TOTAL EQUITY
18,600,090
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 Tiga Bulan yang Berakhir 31 Maret 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 Three-Month Periods Ended March 31, 2014 and 2013 (Expressed in Millions of Rupiah, Unless Otherwise Stated)
31 Maret 2014/
31 Maret 2013/
March 31, 2014
March 31, 2013
PENJUALAN BERSIH
9,072,209
5,589,282
NET SALES
BEBAN POKOK PENJUALAN
7,686,025
4,473,435
COST OF GOODS SOLD
LABA KOTOR
1,386,184
1,115,847
GROSS PROFIT
BEBAN USAHA Penjualan Umum dan administrasi
360,047 221,063
254,187 155,510
OPERATING EXPENSES Selling General and administrative
Jumlah Beban Usaha
581,110
409,697
Total Operating Expenses
LABA USAHA
805,074
706,150
INCOME FROM OPERATIONS
PENGHASILAN (BEBAN) LAIN-LAIN Laba selisih kurs - bersih Pendapatan bunga Ekuitas pada rugi bersih entitas asosiasi - bersih Beban bunga dan keuangan lainnya Lain-lain - bersih
490,235 3,307 (3,383) (89,295) (2,501)
5,796 3,041 (1,382) (57,473) 88,548
OTHER INCOME (EXPENSES) Gain on foreign exchange - net Interest income Share in net losses of associates - net Interest and other financial charges Miscellaneous - net
Penghasilan Lain-lain - Bersih
398,363
38,530
1,203,437
744,680
INCOME BEFORE TAX
312,093 3,178
187,706 3,650
TAX EXPENSE Current Deferred
315,271
191,356
888,166
553,324
LABA SEBELUM PAJAK BEBAN PAJAK Kini Tangguhan
LABA PERIODE BERJALAN
Other Income - Net
INCOME FOR THE PERIOD
PENDAPATAN KOMPREHENSIF LAIN Selisih kurs atas penjabaran laporan keuangan
(27,899)
JUMLAH LABA KOMPREHENSIF
860,267
555,774
TOTAL COMPREHENSIVE INCOME
Laba yang dapat diatribusikan kepada: Pemilik entitas induk Kepentingan nonpengendali
888,271 (105)
553,137 187
Income attributable to: Owners of the Company Non-controlling interests
888,166
553,324
860,651 (384)
555,563 211
860,267
555,774
309
193
Laba komprehensif yang dapat diatribusikan kepada: Pemilik entitas induk Kepentingan nonpengendali
LABA PER SAHAM DASAR (Dalam Rupiah penuh)
2,450
OTHER COMPREHENSIVE INCOME Exchange differences on translation of financial statements
Comprehensive income 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 Tiga Bulan yang Berakhir 31 Maret 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 Three- Month Periods Ended March 31, 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 Disetor/ Restructuring Lainnya/ Saldo Laba/Retained Earnings 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
574,439
Reklasifikasi ke tambahan modal disetor Saldo pada tanggal 1 Januari 2013 setelah reklasifikasi
1,662,472 -
574,439
Jumlah laba komprehensif periode berjalan
94,404
114,888
94,404
(94,404)
1,756,876
-
-
-
114,888
-
6,355,724
-
132,161
5,307
8,939,395
-
8,934,088
-
5,307
Balance as of January 1, 2013 before reclassification -
8,939,395
Reclassification to additional paid-in capital Balance as of January 1, 2013 after reclassification
553,137
2,426
555,563
211
555,774
1,756,876
-
114,888
6,908,861
134,587
9,489,651
5,518
9,495,169
Balance as of March 31, 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
574,439
1,756,876
-
8,934,088
574,439
Jumlah laba komprehensif periode berjalan
-
132,161
Jumlah Ekuitas/ Total Equity
Saldo pada tanggal 31 Maret 2013
Saldo pada tanggal 31 Maret 2014
-
6,355,724
Jumlah/ Total
Kepentingan Nonpengendali/ Non-controlling Interests
-
114,888
888,271 4,689,868
(27,620) 203,746
860,651 7,339,817
(384) 5,351
860,267 7,345,168
Total comprehensive income for the period
Total comprehensive income for the period Balance as of March 31, 2014
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk DAN ENTITAS ANAK Laporan Arus Kas Konsolidasian Untuk Periode Tiga Bulan yang Berakhir 31 Maret 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 Three-Month Periods Ended March 31, 2014 and 2013 (Expressed in Millions of Rupiah, Unless Otherwise Stated)
31 Maret 2014/ March 31, 2014
31 Maret 2013/ March 31, 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 uang muka proyek Uang muka perkebunan plasma Penambahan Pengembalian Penambahan biaya pembukaan lahan 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
CASH FLOWS FROM OPERATING ACTIVITIES 8,632,700 (6,302,058)
6,305,004 (3,879,450)
2,330,642
2,425,554
(663,340) 3,327 (57,247) 47,407 (178,300) (172,754) 1,309,735
(581,706) 3,041 (37,891) 125 (94,386) (176,250) 1,538,487
(3,591)
(5,240)
(193,533) 6,835
(372,354) 3,046
(2,865) 539 (115,772)
(2,378) 1,621 (142,603)
(55,431) 40,970 (2,960)
(22,785) 13,200 (546)
(325,808)
(528,039)
3,992,586 (4,416,825)
1,314,345 (1,846,288)
(52,816)
(36,549)
1,437,032 (1,616,090)
581,520 (1,003,026)
(656,113)
(989,998)
KENAIKAN BERSIH KAS DAN SETARA KAS
327,814
20,450
KAS DAN SETARA KAS AWAL PERIODE
409,488
1,183,482
Pengaruh perubahan kurs mata uang asing
(10,340)
KAS DAN SETARA KAS AKHIR PERIODE
726,962
Kas Bersih Digunakan untuk Aktivitas Pendanaan
3,538
1,207,470
Cash receipts from customers Cash paid to suppliers Net cash generated from operations 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 Net Cash Provided by Operating Activities CASH FLOWS FROM INVESTING ACTIVITIES Acquisitions of plantations Fixed assets Acquisition Proceeds from sale Nursery Purchases Sales Additional advances for projects Plasma plantation projects Additional Collections Additional land preparation costs Net Cash Used in Investing Activities CASH FLOWS FROM FINANCING ACTIVITIES Short-term bank loans Proceeds Payments Long-term bank loans Payments Due to related parties Additional Payments Net Cash Used in Financing Activities 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
