PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk DAN ANAK PERUSAHAAN Laporan Posisi Keuangan Konsolidasian 31 Desember 2011 dan 2010 dan 1 Januari 2010/31 Desember 2009 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain)
2011 ASET LANCAR Kas dan setara kas Investasi jangka pendek Piutang usaha Pihak berelasi Pihak ketiga - bersih Piutang lain-lain Pihak berelasi Pihak ketiga Persediaan Biaya dibayar dimuka dan aset lancar lainnya Pajak Pertambahan Nilai dibayar dimuka - bersih JUMLAH ASET LANCAR ASET TIDAK LANCAR Piutang dari pihak berelasi Aset pajak tangguhan - bersih Investasi saham Tanaman perkebunan Tanaman telah menghasilkan setelah dikurangi akumulasi amortisasi sebesar Rp 554.921, Rp 486.475 dan Rp 412.123 masing-masing pada tanggal 31 Desember 2011 dan 2010 dan 1 Januari 2010/31 Desember 2009 Tanaman belum menghasilkan Aset tetap setelah dikurangi akumulasi penyusutan sebesar Rp 1.733.555, Rp 1.517.373 dan Rp 1.362.084 masing-masing pada tanggal 31 Desember 2011 dan 2010 dan 1 Januari 2010/31 Desember 2009 Aset takberwujud Goodwill - bersih Merek dagang - bersih Aset lain-lain Taksiran tagihan pajak Biaya tangguhan hak atas tanah - bersih Bibitan Biaya tangguhan lain-lain Lain-lain JUMLAH ASET TIDAK LANCAR JUMLAH ASET
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk AND ITS SUBSIDIARIES Consolidated Statements of Financial Position December 31, 2011 and 2010 and January 1, 2010/December 31, 2009 (Expressed in Million Rupiah, Unless Otherwise Stated)
2010
1 Januari 2010/ 31 Desember 2009 January 1, 2010/ December 31, 2009
486,225 -
292,971 22,478
497,577 75,200
2,840,747 418,399
1,385,957 529,286
750,850 314,464
18,995 69,337 2,839,141
20,463 62,686 2,702,534
239,892 55,641 2,139,125
736,227
867,853
275,801
CURRENT ASSETS Cash and cash equivalents Short-term investments Trade accounts receivable Related parties Third parties - net Other receivables Related parties Third parties Inventories Prepaid expenses and other current assets Prepaid Value Added Tax - net
553,468
352,880
200,120
7,962,539
6,237,108
4,548,670
23,727
4 22,103
1,000 1,340 20,426
1,237,830 199,339
1,249,846 190,954
1,145,571 283,790
4,541,653
3,924,066
3,389,877
22,232 2,289
22,232 3,053
27,444 3,816
198,276 38,298 18,557 6,573 470,586
410,838 36,227 13,761 7,464 357,986
294,933 23,589 14,858 13,730 441,551
6,759,360
6,238,534
5,661,925
14,721,899
12,475,642
10,210,595
TOTAL CURRENT ASSETS NON CURRENT ASSETS Due from a related party Deferred tax assets - net Investments in shares of stock Plantations Mature plantations net of accumulated amortization of Rp 554,921, Rp 486,475 and Rp 412,123 as of December 31, 2011 and 2010 and January 1, 2010/ December 31, 2009, respectively Immature plantations Fixed assets net of accumulated depreciation of Rp 1,733,555, Rp 1,517,373 and Rp 1,362,084 as of December 31, 2011 and 2010 and January 1, 2010/ December 31, 2009, respectively Intangible assets Goodwill - net 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 ANAK PERUSAHAAN Laporan Posisi Keuangan Konsolidasian 31 Desember 2011 dan 2010 dan 1 Januari 2010/31 Desember 2009 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain)
2011
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk AND ITS SUBSIDIARIES Consolidated Statements of Financial Position December 31, 2011 and 2010 and January 1, 2010/December 31, 2009 (Expressed in Million Rupiah, Unless Otherwise Stated)
2010
1 Januari 2010/ 31 Desember 2009 January 1, 2010/ December 31, 2009
LIABILITAS DAN EKUITAS LIABILITAS JANGKA PENDEK Utang bank jangka pendek Utang usaha Pihak berelasi Pihak ketiga Utang lain-lain Pihak berelasi Pihak ketiga Uang muka pelanggan - pihak ketiga Biaya yang masih harus dibayar Utang pajak Bagian utang jangka panjang yang akan jatuh tempo dalam waktu satu tahun JUMLAH LIABILITAS JANGKA PENDEK
LIABILITIES AND EQUITY
2,051,182
2,266,341
976,800
871,056 494,254
833,019 343,462
896,512 276,134
22,083 258,233 41,931 126,736 261,968
77,711 156,192 22,907 118,665 196,751
12,674 80,856 76,043 114,808 116,946
CURRENT LIABILITIES Short-term bank loans Trade accounts payable Related parties Third parties Other accounts payable Related parties Third parties Advances from customers - third parties Accrued expenses Taxes payable Current portion of long-term loans
143,501
91,157
214,171
4,270,944
4,106,205
2,764,944
TOTAL CURRENT LIABILITIES
LIABILITAS JANGKA PANJANG Liabilitas pajak tangguhan - bersih Liabilitas imbalan pasti pasca-kerja Utang jangka panjang setelah dikurangi bagian yang akan jatuh tempo dalam waktu satu tahun Utang kepada pihak berelasi
313,614 200,331
277,055 162,378
258,074 127,820
732,543 1,868,915
826,077 1,128,281
1,160,358 949,212
Long-term loans net of current portion Due to related parties
JUMLAH LIABILITAS JANGKA PANJANG
3,115,403
2,393,791
2,495,464
TOTAL NON CURRENT LIABILITIES
JUMLAH LIABILITAS
7,386,347
6,499,996
5,260,408
TOTAL LIABILITIES
142,323
150,534
GOODWILL NEGATIF - Bersih
-
NON CURRENT LIABILITIES Deferred tax liabilities - net Defined post-employment benefits liabilities
NEGATIVE GOODWILL - Net
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 Selisih nilai transaksi restrukturisasi entitas sepengendali Saldo laba Telah ditentukan penggunaannya Belum ditentukan penggunaannya Komponen ekuitas lainnya
Equity Attributable to Owners of the Company
Jumlah Kepentingan Nonpengendali JUMLAH EKUITAS JUMLAH LIABILITAS DAN EKUITAS
574,439 1,662,472
574,439 1,662,472
574,439 1,662,472
94,404
94,404
92,241
114,888 4,778,635 106,031
114,888 3,282,417 101,083
2,352,207 114,520
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 Difference arising from restructuring transactions of entities under common control Retained earnings Appropriated Unappropriated Other components of equity
7,330,869 4,683
5,829,703 3,620
4,795,879 3,774
Total Non-controlling Interests
7,335,552
5,833,323
4,799,653
14,721,899
12,475,642
10,210,595
TOTAL EQUITY TOTAL LIABILITIES AND EQUITY
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk DAN ANAK PERUSAHAAN Laporan Laba Rugi Komprehensif Konsolidasian Untuk Tahun-tahun yang Berakhir 31 Desember 2011 dan 2010 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain)
2011
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk AND ITS SUBSIDIARIES Consolidated Statements of Comprehensive Income For the Years Ended December 31, 2011 and 2010 (Expressed in Million Rupiah, Unless Otherwise Stated)
2010
PENJUALAN BERSIH
31,676,219
20,265,425
NET SALES
BEBAN POKOK PENJUALAN
24,154,526
17,127,929
COST OF GOODS SOLD
LABA KOTOR
7,521,693
3,137,496
GROSS PROFIT
BEBAN USAHA Penjualan Umum dan administrasi
4,700,253 349,880
1,098,220 371,825
OPERATING EXPENSES Selling General and administrative
Jumlah Beban Usaha
5,050,133
1,470,045
Total Operating Expenses
LABA USAHA
2,471,560
1,667,451
INCOME FROM OPERATIONS
37,849 28,855
122,090 16,656
1,099 (293,647) 141,119
(5,362) (268,828) 122,941
(84,725)
(12,503)
PENGHASILAN (BEBAN) LAIN-LAIN Laba selisih kurs - bersih Pendapatan bunga Bagian atas laba (rugi) anak perusahaan dan perusahaan asosiasi - bersih Beban bunga dan keuangan lainnya Lain-lain - bersih Beban Lain-lain - Bersih LABA SEBELUM PAJAK BEBAN PAJAK Kini Tangguhan
LABA TAHUN BERJALAN PENDAPATAN (BEBAN) KOMPREHENSIF LAIN Selisih kurs atas penjabaran laporan keuangan anak perusahaan
2,386,835
1,654,948
564,549 36,549
373,550 20,903
601,098
394,453
1,785,737
1,260,495
4,998
(13,573)
OTHER INCOME (EXPENSES) Gain on foreign exchange - net Interest income Share in net earnings (losses) of a subsidiary and associates - net Interest and other financial charges Miscellaneous - net Other Expenses - Net INCOME BEFORE TAX TAX EXPENSE Current Deferred
INCOME FOR THE YEAR OTHER COMPREHENSIVE INCOME (LOSS) Exchange differences on translating financial statements of a subsidiary
JUMLAH LABA KOMPREHENSIF
1,790,735
1,246,922
TOTAL COMPREHENSIVE INCOME
Laba (rugi) yang dapat diatribusikan kepada: Pemilik entitas induk Kepentingan nonpengendali
1,784,724 1,013
1,260,513 (18)
Income (loss) attributable to: Owners of the Company Non-controlling interests
1,785,737
1,260,495
Laba (rugi) komprehensif yang dapat diatribusikan kepada: Pemilik entitas induk Kepentingan nonpengendali
LABA PER SAHAM DASAR (Dalam Rupiah penuh)
1,789,672 1,063
1,247,076 (154)
1,790,735
1,246,922
621
439
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 ANAK PERUSAHAAN Laporan Arus Kas Konsolidasian Untuk Tahun-tahun yang Berakhir 31 Desember 2011 dan 2010 (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 Years Ended December 31, 2011 and 2010 (Expressed in Million Rupiah, Unless Otherwise Stated)
2011
2010
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 Pembayaran pajak ekspor Penerimaan tagihan pajak Pendapatan bunga Pembayaran beban bunga Pembayaran pajak penghasilan badan Kas Bersih Diperoleh dari (Digunakan untuk) Aktivitas Operasi ARUS KAS DARI AKTIVITAS INVESTAS Penurunan bersih investasi jangka pendek Hasil penjualan aset tetap Perolehan tanaman perkebunan dan aset tetap Kenaikan bersih bibitan Penambahan biaya hak atas tanah Penambahan uang muka proyek Pengurangan (penambahan) bersih investasi proyek perkebunan plasma Penambahan biaya pembukaan lahan Hasil penjualan investasi pada anak perusahaan setelah dikurangi saldo kas anak perusahaan
Kas Bersih Digunakan untuk Aktivitas Investasi ARUS KAS DARI AKTIVITAS PENDANAAN Penerimaan utang bank jangka pendek Pembayaran utang bank jangka pendek Penerimaan utang bank jangka panjang Pembayaran utang jangka panjang Penambahan utang kepada pihak berelasi Pembayaran utang kepada pihak berelasi Pembayaran dividen
CASH FLOWS FROM OPERATING ACTIVITIES 30,351,340 (22,307,397)
19,363,084 (16,767,174)
8,043,943 (2,383,729) (4,161,499) 342,081 28,888 (275,993) (484,284)
2,595,910 (1,689,677) (692,192) 132,114 16,968 (293,496) (294,105)
1,109,407
(224,478)
18,777 12,351 (917,450) (12,321) (3,536) (11,961)
48,726 40,570 (852,746) (7,377) (13,752) (2,059)
26,642 (18,142)
(59,554) (24,344)
-
1
(905,640)
(870,535)
7,220,987 (7,467,563) 73,803 (118,466) 3,329,345 (2,618,952) (430,707)
4,997,606 (3,683,128) 110,215 (534,986) 1,676,914 (1,455,340) (215,351)
Kas Bersih Diperoleh dari (Digunakan untuk) Aktivitas Pendanaan
(11,553)
895,930
KENAIKAN (PENURUNAN) BERSIH KAS DAN SETARA KAS
192,214
(199,083)
KAS DAN SETARA KAS AWAL TAHUN
292,971
497,577
Pengaruh perubahan kurs mata uang asing KAS DAN SETARA KAS AKHIR TAHUN
1,040 486,225
(5,523) 292,971
Cash receipts from customers Cash paid to suppliers Net cash generated from operations Payments of other operating activities - net Payments of export tax Proceeds from claims for tax refund Interest received Payments of interest Payments of corporate income taxes Net Cash Provided by (Used in) Operating Activities CASH FLOWS FROM INVESTING ACTIVITIES Net decrease in short-term investments Proceeds from sale of fixed assets Acquisitions of plantations and fixed assets Net increase in nursery Additional landrights cost Additional advances for projects Net decrease (increase) in investment in plasma plantation projects Additional land clearing costs Proceeds from sale of investments in a subsidiary - net of cash balance of a subsidiary
Net Cash Used in Investing Activities CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from short-term bank loans Payments of short-term bank loans Proceeds from long-term bank loans Payments of long-term loans Additional amounts due to related parties Payments of amounts due to related parties Payments of dividends
Net Cash Provided by (Used in) Financing Activities NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR Effect of foreign exchange rate changes CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR
PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk DAN ANAK PERUSAHAAN Laporan Perubahan Ekuitas Konsolidasian Untuk Tahun-tahun yang Berakhir 31 Desember 2011 dan 2010 (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 Years Ended December 31, 2011 and 2010 (Expressed in Million 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/ Komponen Tambahan Difference Ekuitas Modal Arising from Disetor/ Lainnya/ Restructuring Saldo Laba/ Retained Earnings Additional Transactions of Telah Ditentukan Belum Ditentukan Other Modal Saham/ Components of Paid-in Entities Under Penggunaannya/ Penggunaannya/ Capital Stock Capital Common Control Appropriated Unappropriated Equity
Saldo pada tanggal 1 Januari 2010
574,439
1,662,472
Selisih nilai transaksi restrukturisasi entitas sepengendali
-
-
Pembentukan cadangan umum
-
-
92,241
-
2,352,207
114,520
2,163
-
-
-
(114,888)
-
-
114,888
Dividen tunai
-
-
-
-
Jumlah laba komprehensif tahun berjalan
-
-
-
-
(215,415)
Jumlah/ Total
Interests
4,795,879
2,163
-
Kepentingan Nonpengendali/ Non-controlling
3,774
-
(215,415)
-
(13,437)
1,247,076
4,799,653
-
-
1,260,513
Jumlah Ekuitas/ Total Equity
2,163
(154)
Balance as of January 1, 2010 Difference arising from restructuring transactions of entities under common control
-
Appropriation for general reserves
(215,415)
Cash dividends
1,246,922
Total comprehensive income for the year
Saldo pada tanggal 31 Desember 2010
574,439
1,662,472
94,404
114,888
3,282,417
101,083
5,829,703
3,620
5,833,323
Balance as of December 31, 2010
Saldo pada tanggal 1 Januari 2011 sebelum penyesuaian
574,439
1,662,472
94,404
114,888
3,282,417
101,083
5,829,703
3,620
5,833,323
Balance as of January 1, 2011 before adjustment
Penghentian pengakuan goodwill negatif sesuai ketentuan transisi PSAK No. 22 (Revisi 2010) "Kombinasi Bisnis"
-
Saldo pada tanggal 1 Januari 2011 setelah penyesuaian
-
574,439
-
1,662,472
-
94,404
114,888
Dividen tunai
-
-
-
-
Jumlah laba komprehensif tahun berjalan
-
-
-
-
Saldo pada tanggal 31 Desember 2011
574,439
1,662,472
94,404
142,323
3,424,740 (430,829)
114,888
-
142,323
101,083 -
-
5,972,026 (430,829)
142,323
3,620
5,975,646
-
(430,829)
Derecognition of negative goodwill in accordance with transition provision of PSAK No. 22 (Revised 2010) "Business Combinations" Balance as of January 1, 2011 after adjustment Cash dividends
1,784,724
4,948
1,789,672
1,063
1,790,735
Total comprehensive income for the year
4,778,635
106,031
7,330,869
4,683
7,335,552
Balance as of December 31, 2011
