For personal use only

For personal use only

PT ANTAM (Persero) Tbk

ANTAM RECORDS SIGNIFICANT INCREASE OF PROFITABILITY WITH RP38.3 BILLION NET PROFIT IN THE FIRST NINE MONTHS OF 2016 (9M16) OVER RP1.04 TRILLION NET LOSS IN THE FIRST NINE MONTHS OF 2015 (9M15)

For Immediate Release Jakarta, October 31, 2016 - PT ANTAM (Persero) Tbk (ASX - ATM; IDX – ANTM; ANTAM) is pleased to announce the company has recorded significant increase of profitability in the first nine months of 2016 (9M16) with a Rp38.3 billion of Profit for the Period Attributable to Owners of the Parent over Rp1.04 trillion of Loss for the Period Attributable to Owners of the Parent during the first nine months of 2015 (9M15). ANTAM’s Finance Director, Dimas Wikan Pramudhito said, “Our financial performance is on track inline with the company’s profitability in 9M16. We aim to deliver solid profitability and return to our shareholders. As we continue to optimise our production and sales performance coupled with continuous efficiency efforts, including higher nickel ore sales to domestic smelters, we expect continued positive performance in the future.” ANTAM’s net sales in 9M16 reached Rp6.45 trillion with the export market continues to be ANTAM’s main destination. The export market contributed 59% or Rp3.79 trillion of ANTAM’s 9M16 total net sales. ANTAM’s export sales recently received Government’s recognition through the Primaniyarta Award 2016 for Extraordinary Export Performance. The Primaniyarta Award is the highest honor by the Government of Indonesia through the Trade Ministry given to Best Performing Exporting Companies that Succeed in Expanding Exports of Non-Oil and Gas Products.

FOR MORE INFORMATION PLEASE CONTACT: Tri Hartono (Corporate Secretary) Tel : (6221) 789 1234 Fax : (6221) 789 1224 Email : [email protected] Website: www.antam.com

1

In 9M16, gold was the largest contributor to ANTAM’s total net sales with a contribution of Rp4.36 trillion of 68% of total net sales. Ferronickel was the second largest contributor of net sales with a Rp1.49 trillion contribution or equal to 23% of total sales. Sales of nickel ore to domestic smelters in 9M16 amounted to Rp248 billion or 4% of total net sales. In 9M16 ANTAM spent Rp841.8 billion for investments. ANTAM spent Rp190.1 billion for routine investment, Rp642.2 billion for development and Rp9.5 billion for deferred expenses. In 9M16 the largest investment went to the development of the Pomalaa Ferronickel Plant Expansion Project (P3FP) in which ANTAM spent Rp561.7 billion.


PT ANTAM (Persero) Tbk

ANTAM has recently completed the construction of its 2x30MW coal fired power plant which is part of the P3FP. ANTAM is currently finalising the overall P3FP completion with estimated commercial operation at the end of 2016. On the Haltim Ferronickel Plant Development Project (P3FH), ANTAM has appointed an unincoroporated consortium of Kawasaki Heavy Industries, Ltd. and PT Wijaya Karya (Persero) Tbk as the turnkey EPC (Engineering, Procurement and Construction) contractor of P3FH Stage 1 Line 1 with a Rp3.42 trillion contract value. In supporting its development projects, ANTAM has conducted cooperation in finance areas with PT Bank ICBC Indonesia in amount up to US$1.5 billion. The support may include among others short term financing support which include working capital loan, and long term financing which includes among others financing for investing purposes, acquisition financing, financing for new subsidiary, new plant and financing to support production and distribution expansion. In 9M16, ANTAM continued its efficiency program and was able to save Rp23.1 billion. ANTAM’s cost saving program includes, amongst others, efficiency of consumables at business units and renegotiation of third party contracts. ANTAM is committed in becoming one of the low cost ferronickel and gold producer with 9M16 ferronickel cash cost of US$3.38 per lb. and gold cash cost of US$837.07 per oz. ANTAM’s positive performance also received recognition from the Indonesia Stock Exchange. Recently ANTAM received “The IDX Best Blue 2016” Award from the Indonesia Stock Exchange (IDX). The award reflects ANTAM’s best growth performance for the past one year period. “The IDX Best Blue 2016” is named after “Blue Chip”, a term which reflects shares with the most liquidity. The criteria used by IDX in the assessment are minimal listing period of one year, the number of shareholders, trading volume, significant growth of stock price and healthy fundamentals. The award signals ANTAM’s performance is the best among all 532 companies which are listed in the IDX. As of October 31, 2016, ANTAM’s share price reached Rp895, a 137% increase over closing share price of Rp378 as of October 31, 2015. Based on IDX data, ANTAM’s shares ownership increased by 14.82% for the past year. Meanwhile, the transaction value reached 160% of the market capitalization (velocity). IDX data also recorded volume transaction of 33.6 billion with a value of Rp17.6 trillion. ANTAM’s shares were also traded every day during the trading days for the past year (244 days). In addition, ANTAM shares were traded by 20% from total existing investors and was owned by 60% of the mutual funds. From a total of 210 mutual funds, nearly 107 mutual funds owned ANTAM’s shares and there were 109 exchange members which had ANTAM’s shares in its portfolio. In the past year, 34,571 investors conducted transaction on ANTAM’s shares, an increase of 21,571 investors. ANTAM share also remains part of the LQ-45 Index. The index lists companies with the highest liquidity at the IDX and market capitalization. The IDX has also never suspended the trading of ANTAM share.

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2

PERUSAHAAN PERSEROAN (PERSERO) PT ANEKA TAMBANG Tbk DAN ENTITAS ANAK/AND SUBSIDIARIES


Lampiran 1/1 Schedule LAPORAN POSISI KEUANGAN KONSOLIDASIAN INTERIM 30 SEPTEMBER 2016 DAN 31 DESEMBER 2015 (Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)

Catatan/ Notes ASET LANCAR Kas dan setara kas Piutang usaha, bersih Pihak ketiga Pihak berelasi Piutang lain-lain, bersih Persediaan, bersih Pajak dibayar di muka Pajak lain-lain Biaya dibayar di muka Aset lancar lain-lain

INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2016 AND DECEMBER 31, 2015 (Expressed in thousands of Rupiah, unless otherwise stated)

30 September/ September 2016

31 Desember/ December 2015

4

7,685,115,839

8,086,634,372

5 5,30

362,987,105 157,651,993 87,619,686 1,691,425,477

340,924,318 107,087,903 130,132,409 1,752,584,557

432,970,678 27,952,221 108,453,388

694,244,827 76,226,751 64,991,423

CURRENT ASSETS Cash and cash equivalents Trade receivables, net Third parties Related parties Other receivables, net Inventories, net Prepaid taxes Other taxes Prepaid expenses Other current assets

10,554,176,387

11,252,826,560

Total current assets

8 30 9 9 10 11 12

3,473,151 489,180,153 1,996,541,051 1,359,480,133 12,552,931,654 830,040,984 789,577,921 53,307,217

3,480,950 481,963,825 1,992,516,049 1,481,635,779 12,267,804,244 863,973,221 743,551,056 50,279,543

16a 13 16d

224,756,287 101,759,427 642,039,195 68,182,245

303,728,340 101,759,427 732,082,537 81,249,359

NON-CURRENT ASSETS Restricted cash Non-trade related party receivables Investments in associates, net Investment in a joint venture Property, plant and equipment, net Mining properties, net Exploration and evaluation assets Deferred charges Prepaid taxes Corporate income taxes Goodwill Deferred tax assets Other non-current assets

Jumlah aset tidak lancar

19,111,269,418

19,104,024,330

Total non-current assets

JUMLAH ASET

29,665,445,805

30,356,850,890

TOTAL ASSETS

6 16a 7

Jumlah aset lancar ASET TIDAK LANCAR Kas yang dibatasi penggunaannya Piutang non-usaha pihak berelasi Investasi pada entitas asosiasi Investasi pada ventura bersama Aset tetap, bersih Properti pertambangan, bersih Aset eksplorasi dan evaluasi Biaya tangguhan Pajak dibayar di muka Pajak penghasilan badan Goodwill Aset pajak tangguhan Aset tidak lancar lainnya

Catatan atas laporan keuangan konsolidasian interim terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian interim secara keseluruhan.

The accompanying notes form an integral part of these interim consolidated financial statements.




Catatan/ Notes



31 Desember/ December 2015 LIABILITIES AND

LIABILITAS DAN EKUITAS LIABILITAS JANGKA PENDEK Utang usaha Pihak ketiga Pihak berelasi Beban akrual Liabilitas imbalan karyawan jangka pendek Utang pajak Pajak penghasilan badan Pajak lain-lain Uang muka pelanggan Pinjaman bank jangka pendek Pinjaman investasi yang jatuh tempo dalam satu tahun Penyisihan untuk pengelolaan dan reklamasi lingkungan hidup yang jatuh tempo dalam satu tahun Utang lain-lain

14 14,30 15

208,102,473 101,640,633 171,506,341

547,034,314 177,060,544 251,599,629

29

18,374,490

8,516,109

16b 16b 17

2,430,314 29,363,858 176,690,753 2,630,600,000

3,295,482 59,483,551 42,126,927 2,808,100,000

19

476,376,700

379,707,375

20

19,675,465 94,174,716

20,018,911 42,387,538

CURRENT LIABILITIES Trade payables Third parties Related parties Accrued expenses Short-term employee benefit liabilities Taxes payable Corporate income taxes Other taxes Advances from customers Short-term bank loans Current maturities of investment loans Current maturities of provision for environmental and reclamation costs Other payables

3,928,935,743

4,339,330,380

Total current liabilities

18

2,995,672,824

2,995,030,772

NON-CURRENT LIABILITIES Bonds payable

19

3,802,770,581

3,927,468,734

Investment loans, net of current maturities

Jumlah liabilitas jangka pendek LIABILITAS JANGKA PANJANG Utang obligasi Pinjaman investasi, setelah dikurangi bagian yang jatuh tempo dalam satu tahun Penyisihan untuk pengelolaan dan reklamasi lingkungan hidup, setelah dikurangi bagian yang jatuh tempo dalam satu tahun Kewajiban pensiun dan imbalan pascakerja lainnya Liabilitas jangka panjang lainnya Jumlah liabilitas jangka panjang JUMLAH LIABILITAS

20

204,266,992

232,701,864

29

392,090,829 3,890,168

347,239,277 198,360,901

Provision for environmental and reclamation costs, net of current maturities Pension and other post-retirement obligations Other non-current liabilities

7,398,691,394

7,700,801,548

Total non-current liabilities

11,327,627,137

12,040,131,928

TOTAL LIABILITIES






Catatan/ Notes



31 Desember/ December 2015

EKUITAS EKUITAS YANG DAPAT DIATRIBUSIKAN KEPADA PEMILIK ENTITAS INDUK Modal saham Modal dasar - 1 saham preferen seri A Dwiwarna dan 37.999.999.999 saham biasa seri B; Modal ditempatkan dan disetor penuh - 1 saham preferen seri A Dwiwarna dan 24.030.764.725 saham biasa seri B dengan nilai nominal Rp100 (nilai penuh) per saham biasa seri B Tambahan modal disetor, bersih Komponen ekuitas lainnya: Selisih kurs karena penjabaran laporan keuangan Surplus revaluasi aset Saldo laba: Yang telah ditentukan penggunaannya Yang belum ditentukan penggunaannya

21 22

2,403,076,473 3,934,833,124

2,403,076,473 3,934,833,124

10

46,316,624 2,330,655,281

55,081,190 2,330,655,281

11,613,209,777 (1,990,294,875)

11,613,209,777 (2,020,161,940)

EQUITY ATTRIBUTABLE TO OWNERS OF THE PARENT Share capital Authorised capital - 1 preferred series A Dwiwarna share and 37,999,999,999 series B ordinary shares; Issued and fully paid capital 1 preferred series A Dwiwarna share and 24,030,764,725 series B ordinary shares with a par value of Rp100 (full amount) per series B ordinary share Additional paid-in capital, net Other equity components: Difference in foreign currency translation Asset revaluation surplus Retained earnings: Appropriated Unappropriated

18,337,796,404 22,264

18,316,693,905 25,057

Total equity attributable to owners of the parent Non-controlling interests

JUMLAH EKUITAS

18,337,818,668

18,316,718,962

JUMLAH LIABILITAS DAN EKUITAS

29,665,445,805

30,356,850,890

Jumlah ekuitas yang dapat diatribusikan kepada pemilik entitas induk Kepentingan nonpengendali

39

TOTAL LIABILITIES AND





Lampiran 2/1 Schedule LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN INTERIM UNTUK PERIODE SEMBILAN BULAN YANG BERAKHIR PADA 30 SEPTEMBER 2016 DAN 2015 (Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)

Catatan/ Notes

INTERIM CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2016 AND 2015 (Expressed in thousands of Rupiah, unless otherwise stated)



PENJUALAN

24

6,445,239,695

9,043,786,017

SALES

BEBAN POKOK PENJUALAN

25

6,079,817,147

8,621,108,716

COST OF GOODS SOLD

365,422,548

422,677,301

GROSS PROFIT

506,564,718 52,129,265

527,612,125 94,995,112

OPERATING EXPENSES General and administrative Selling and marketing

558,693,983

622,607,237

Total operating expenses

(193,271,435)

(199,929,936)

OPERATING LOSS

LABA KOTOR BEBAN USAHA Umum dan administrasi Penjualan dan pemasaran

26 26

Jumlah beban usaha RUGI USAHA PENGHASILAN/(BEBAN) LAIN-LAIN Bagian kerugian entitas asosiasi dan ventura bersama Penghasilan keuangan Beban keuangan Keuntungan/(kerugian) lain-lain, bersih

9 27 27

(109,460,499) 260,420,022 (270,356,730)

(319,331,035) 28,103,908 (163,829,337)

OTHER INCOME/(EXPENSES) Share of loss of associates and joint venture Finance income Finance costs

28

446,576,407

(586,672,629)

Other gains/(losses), net

Penghasilan/(beban) lain-lain, bersih

327,179,200

(1,041,729,093)

Other income/(expenses), net

LABA/(RUGI) SEBELUM PAJAK PENGHASILAN

133,907,765

(1,241,659,029)

PROFIT/(LOSS)BEFORE INCOME TAX

95,638,581

(203,654,412)

Income tax expense/(benefit)

38,269,184

(1,038,004,617)

PROFIT/(LOSS) FOR THE PERIOD

2,570,926,815

OTHER COMPREHENSIVE INCOME/(LOSS) Items that will not be reclassified to profit or loss: Increase on land from revaluation Remeasurement of pension and other retirement obligations Tax effect on remeasurement of pension and other retirement obligations

Beban/(manfaat) pajak penghasilan

16c

LABA/(RUGI) PERIODE BERJALAN PENGHASILAN/(RUGI) KOMPREHENSIF LAIN Pos yang tidak akan direklasifikasi ke laba rugi: - Kenaikan nilai tanah dari revaluasi - Pengukuran kembali kewajiban pensiun dan pascakerja lainnya - Dampak pajak pengukuran kembali kewajiban pensiun dan pascakerja lainnya

10

-

29

(11,569,837)

(123,799,753)

16d

3,164,925

30,949,938

(8,404,912) Pos yang akan direklasifikasi ke laba rugi: - Selisih kurs karena penjabaran laporan keuangan PENGHASILAN/(RUGI) KOMPREHENSIF LAIN, SETELAH PAJAK JUMLAH PENGHASILAN KOMPREHENSIF PERIODE BERJALAN

2,478,077,000

(8,764,566)

(24,189)

Items that will be reclassified to profit or loss: Difference in foreign currency translation

(17,169,478)

2,478,052,811

OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX

21,099,706

1,440,048,194

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD





Lampiran 2/2 Schedule LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN INTERIM UNTUK PERIODE SEMBILAN BULAN YANG BERAKHIR PADA 30 SEPTEMBER 2016 DAN 2015 (Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)

Catatan/ Notes LABA/(RUGI) PERIODE BERJALAN YANG DAPAT DIATRIBUSIKAN KEPADA: Pemilik entitas induk 31 Kepentingan nonpengendali 39

JUMLAH PENGHASILAN KOMPREHENSIF PERIODE BERJALAN YANG DAPAT DIATRIBUSIKAN KEPADA: Pemilik entitas induk Kepentingan nonpengendali

LABA/(RUGI) BERSIH PER SAHAM DASAR DAN DILUSIAN YANG DIATRIBUSIKAN KEPADA PEMILIK ENTITAS INDUK (NILAI PENUH)

39

INTERIM CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2016 AND 2015 (Expressed in thousands of Rupiah, unless otherwise stated)



38,271,977 (2,793)

(1,038,004,461) (156)

38,269,184

(1,038,004,617)

21,102,499 (2,793)

1,440,048,350 (156)

21,099,706

1,440,048,194

31


1.59

PROFIT/(LOSS) FOR THE PERIOD ATTRIBUTABLE TO: Owners of the parent Non-controlling interests

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD ATTRIBUTABLE TO: Owners of the parent Non-controlling interests

BASIC AND DILUTED INCOME/(LOSS)PER SHARE ATTRIBUTABLE TO OWNERS OF (108.87) THE PARENT (FULL AMOUNT)


-

3,934,833,124

-

-

2,403,076,473

-

3,934,833,124

-

2,403,076,473

29,817,600

-

-

-

29,817,600 12,049,916,889

46,316,624

-

-

(8,764,566) -

55,081,190

55,077,834

-

-

(24,189) -

55,102,023 January 1, 2015

2,330,655,281

-

-

-

2,330,655,281

2,570,926,815

-

2,570,926,815

-

-


Saldo pada tanggal 30 September 2016

Selisih kurs karena penjabaran laporan keuangan Laba periode berjalan Penghasilan komprehensif lain, setelah pajak: Bagian pendapatan komprehensif lain dari entitas asosiasi Pengukuran kembali kewajiban pensiun dan pascakerja lainnya

Saldo pada tanggal 1 Januari 2016

953,845,975

-

Pengukuran kembali kewajiban pensiun dan pascakerja lainnya

Saldo pada tanggal 30 September 2015

-

-

953,845,975 26,158

Surplus revaluasi aset

Selisih kurs karena penjabaran laporan keuangan Rugi periode berjalan Penghasilan komprehensif lain, setelah pajak:

Saldo pada tanggal 1 Januari 2015 ,644) 12,049,890,731

Modal ditempatkan dan disetor penuh/ Issued and fully paid share capital

11,613,209,777

-

-

-

11,613,209,777

11,613,209,777

-

-

-

11,613,209,777

18,337,796,404

(8,404,912)

-

(8,764,566) 38,271,977

18,316,693,905

13,489,939,081

(92,849,815)

2,570,926,815

(24,189) (1,038,004,461)

22,264

-

-

(2,793)

25,057

26,002

-

-

(156)

Kepentingan nonpengendali/ Non-controlling interests

18,337,818,668

(8,404,912)

-

(8,764,566) 38,269,184

18,316,718,962

13,489,965,083

(92,849,815)

2,570,926,815

(24,189) (1,038,004,617)

Jumlah ekuitas/ Total equity

Balance as at September 30, 2016

Difference in foreign currency translation Profit for the period Other comprehensive income, net of tax: Share of other comprehensive income of associate Remeasurement of pension and other retirement obligations

Balance as at January 1, 2016

Balance as at September 30, 2015

Remeasurements of pension and other retirement obligations

Asset revaluation surplus

Difference in foreign currency translation Loss for the period Other comprehensive income, net of tax:

Balance as at


(1,990,294,875)

(8,404,912)

-

38,271,977

(2,020,161,940)

(1,732,938,920)

(92,849,815)

-

(1,038,004,461)

(602,084

Jumlah/ Total

INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2016 AND 2015 (Expressed in thousands of Rupiah, unless otherwise stated)

Diatribusikan kepada pemilik entitas induk/Attributable to owners of the parent Selisih kurs karena Tambahan penjabaran modal laporan Surplus disetor, keuangan/ revaluasi Saldo laba/Retained earnings bersih/ Difference aset/ Yang telah Yang belum Additional in foreign Asset ditentukan ditentukan paid-in currency revaluation penggunaanya/ penggunaannya/ capital, net translation surplus Appropriated Unappropriated

LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN INTERIM UNTUK PERIODE SEMBILAN BULAN YANG BERAKHIR PADA 30 SEPTEMBER 2016 DAN 2015 (Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)

Lampiran 3 Schedule





Lampiran 4 Schedule LAPORAN ARUS KAS KONSOLIDASIAN INTERIM UNTUK PERIODE SEMBILAN BULAN YANG BERAKHIR PADA 30 SEPTEMBER 2016 DAN 2015 (Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain) 30 September/ September 2016

ARUS KAS DARI AKTIVITAS OPERASI Penerimaan kas dari pelanggan Pembayaran kepada pemasok Pembayaran kepada komisaris, direksi dan karyawan Pembayaran bunga Pembayaran pajak Penerimaan kas dari restitusi pajak Penerimaan bunga Penerimaan kas dari klaim asuransi (Pembayaran)/penerimaan lain-lain, bersih Arus kas bersih yang diperoleh dari aktivitas operasi ARUS KAS DARI AKTIVITAS INVESTASI Penghasilan dividen Perolehan aset tetap Pinjaman ke entitas asosiasi dan ventura bersama Pengeluaran aset eksplorasi dan evaluasi Penambahan investasi pada entitas asosiasi Pengeluaran beban tangguhan Penambahan investasi pada ventura bersama Pengeluaran properti pertambangan Arus kas bersih yang digunakan untuk aktivitas investasi ARUS KAS DARI AKTIVITAS PENDANAAN Penerimaan pinjaman bank Pembayaran pinjaman bank Arus kas bersih yang diperoleh dari aktivitas pendanaan PENURUNAN BERSIH KAS DAN SETARA KAS PENGARUH SELISIH KURS KAS DAN SETARA KAS

INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2016 AND 2015 (Expressed in thousands of Rupiah, unless otherwise stated) 30 September/ September 2015

6,538,642,838 (5,649,398,651)

9,418,186,771 (8,729,850,102)

(634,197,676) (371,057,288) (79,920,104) 543,947,094 253,786,628 108,622,156 (5,003,618)

(698,884,143) (326,403,434) (128,805,174) 516,473,729 29,310,654 181,733,436

705,421,379

261,761,737

CASH FLOWS FROM OPERATING ACTIVITIES Cash receipts from customers Payments to suppliers Payments to commissioners, directors and employees Payments of interest Payments of tax Cash receipt from tax restitution Cash receipts from interest income Cash receipts from insurance claims Other (payments)/receipts, net Net cash flows provided from operating activities

(37,679,036)

(48,991,570)

(7,942,904)

(50,000) (5,674,428)

CASH FLOWS FROM INVESTING ACTIVITIES Dividend income Acquisitions of property, plant and equipment Loan to associates and joint ventures Disbursements for exploration and evaluation assets Addition of investment in associates Disbursements for deferred charges

(857,402)

(285,447,241) (8,595,869)

Investment in joint venture Disbursements for mining properties

(1,199,473,204)

(977,598,391)

Net cash flows used in investing activities

6,086,432,426 (5,443,262,665)

CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from bank loans Repayment of bank loans

87,317,417 (1,007,740,512) (232,570,767)

4,426,538,497 (4,226,216,980) 200,321,517

(628,839,283) -

643,169,761

Net cash flows provided from financing activities

(293,730,308)

NET DECREASE IN (72,666,893) CASH AND CASH EQUIVALENTS

(107,788,231)

319,194,377

EFFECT OF FOREIGN EXCHANGE RATE DIFFERENCES ON CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS PADA AWAL PERIODE

8,086,634,378

2,618,910,283

CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD

KAS DAN SETARA KAS PADA AKHIR PERIODE

7,685,115,839

2,865,437,767

CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD



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