PT CENTURY TEXTILE INDUSTRY Tbk CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS PERIODE TIGA BULAN BERAKHIR 31 MARET 2010 DAN 2009 TIDAK DIAUDIT / THREE-MONTH ENDED 31 MARET 2010 AND 2009 (UN AUDITED)
12. LONG-TERM BANK LOANS
12. HUTANG BANK JANGKA PANJANG 31 Maret/ 31 March 2010
Dalam ribuan US Dollar The Bank of Tokyo-Mitsubishi UFJ, Ltd., Jakarta, fasilitas investasi, fasilitas maksimum USD 5.000.000, jatuh tempo 29 Maret 2014, jaminan: surat jaminan dari Toray Industries Inc., Jepang (pemegang saham) sebesar USD 5.000.000,.
5,000
Bank Sumitomo Mitsui Indonesia, Jakarta, fasilitas pembelian barang modal, fasilitas maksimum USD 5.000.000, jatuh tempo 30 April 2014, jaminan: surat jaminan dari Toray Industries Inc., Jepang (pemegang saham) sebesar USD 5.000.000. The Sumitomo Trust and Banking Company, Ltd., Singapura, fasilitas general corporate purpose, fasilitas maksimum USD 5.000.000, jatuh tempo 31 Maret 2014, jaminan: surat jaminan dari Toray Industries Inc., Jepang (pemegang saham) sebesar USD 5.000.000.
Bunga setahun untuk hutang di atas
5.000
5.000 15.000
0.63688% – 0.83875%
Perjanjian kredit yang diperoleh Perseroan mencantumkan beberapa persyaratan, antara lain sehubungan dengan karakteristik Perseroan, susunan pemegang saham, dan beberapa persyaratan administrasi.
31 Maret/ 31 March 2009
In thousands of US Dollar
5.000
The Bank of Tokyo-Mitsubishi UFJ, Ltd., Jakarta, investment facility, maximum facility of USD 5,000,000, due on 29 March 2014, secured by a letter of guarantee from Toray Industries Inc., Japan (shareholder) in the amount of USD 5,000,000,
5.000
Bank Sumitomo Mitsui Indonesia, Jakarta, capital expenditure facility, maximum facility of USD 5,000,000, due on 30 April 2014, secured by a letter of guarantee from Toray Industries Inc., Japan (shareholder) in the amount of USD 5,000,000.
5.000 15.000
1,95734% – 1,97500%
The Sumitomo Trust and Banking Company, Ltd., Singapore, general corporate purpose facility, maximum facility of USD 5,000,000, due on 31 March 2014, secured by a letter of guarantee from Toray Industries Inc., Japan (shareholder) in the amount of USD 5,000,000.
Annual interest rates on the loans mentioned above
The credit agreements obtained by the Company include certain requirements, among others, matters related to characteristics of the Company’s business, composition of shareholders, and certain administrative requirements.
PT Century Textile Industry Tbk
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PT CENTURY TEXTILE INDUSTRY Tbk CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS PERIODE TIGA BULAN BERAKHIR 31 MARET 2010 DAN 2009 TIDAK DIAUDIT / THREE-MONTH ENDED 31 MARET 2010 AND 2009 (UN AUDITED)
13. SHARE CAPITAL
13. MODAL SAHAM Per 31 Maret 2010 dan 31 Maret 2009, modal dasar Perseroan berjumlah Rp 10.000 juta, yang terdiri dari 6.500.000 saham seri B (saham biasa) dan 3.500.000 saham seri A (14,5% non-kumulatip partisipasi laba), masingmasing dengan nilai nominal Rp 1.000 per saham, telah ditempatkan seluruhnya dan disetor penuh oleh para pemegang saham berikut:
As of 31 March 2010 and 31 March 2009, the authorized share capital of the Company amounted to Rp 10,000 million, consisting of 6,500,000 series B shares (common stock) and 3,500,000 series A shares (14.5 percent noncumulative participating) at par value of Rp 1,000 per share, fully issued to and paid-up by the following shareholders:
31 Maret 2010:
Pemegang saham Toray Industries Inc., Jepang Kanematsu Corporation, Jepang Tokai Senko K.K., Jepang Kurabo Industries Ltd., Jepang PT Budiman Kencana Lestari PT Prospect Motor PT Easterntex Masyarakat lainnya
31 March 2010:
Jumlah saham/ Number of shares Seri A/ Seri B/ Series A Series B
Jumlah nominal (dalam ribuan USD)/ Par value (inthousand of USD)
Shareholders
%
200.000
2.792.990
6.072
30
165.500 1.197.050 1.014.900 922.550 3.500.000
2.296.250 326.000 84.760 1.000.000 6.500.000
5.052 1,000 260 2.782 1.234 1.046 951 18.397
23 3 1 12 12 10 9 100
31 Maret 2009:
Pemegang saham Toray Industries Inc., Jepang Kanematsu Corporation, Jepang Tokai Senko K.K., Jepang Kurabo Industries Ltd., Jepang PT Budiman Kencana Lestari PT Prospect Motor PT Easterntex Masyarakat lainnya
Toray Industries Inc., Japan Kanematsu Corporation, Japan Tokai Senko K.K., Japan Kurabo Industries Ltd., Japan PT Budiman Kencana Lestari PT Prospect Motor PT Easterntex Other (public) shareholders
31 March 2009:
Jumlah saham/ Number of shares Seri A/ (inthousand Series A of USD)
Jumlah nominal (dalam ribuan USD)/ Par value (inthousand of USD)
Shareholders
%
200.000
2.792.990
6.072
30
165.000 1.197.050 1.014.900 922.550 3.500.000
2.296.250 326.000 84.760 1.000.000 6.500.000
5,052 1,000 260 2,782 1.234 1.046 951 18.397
23 3 1 12 12 10 9 100
PT Century Textile Industry Tbk
Toray Industries Inc., Japan Kanematsu Corporation, Japan Tokai Senko K.K., Japan Kurabo Industries Ltd., Japan PT Budiman Kencana Lestari PT Prospect Motor PT Easterntex Other (public) shareholders
24
PT CENTURY TEXTILE INDUSTRY Tbk CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS PERIODE TIGA BULAN BERAKHIR 31 MARET 2010 DAN 2009 TIDAK DIAUDIT / THREE-MONTH ENDED 31 MARET 2010 AND 2009 (UN AUDITED)
13. SHARE CAPITAL (Continued)
13. MODAL SAHAM (Lanjutan)
Seluruh saham Perseroan yang beredar/ditempatkan telah dicatatkan di Bursa Efek Indonesia (Catatan 1b).
All of the Company’s outstanding/issued shares have been listed on the Indonesia Stock Exchanges (Note 1b).
Berdasarkan Anggaran Dasar Perseroan, saham-saham seri A yang telah diterbitkan tidak akan diubah menjadi sahamsaham seri B.
In accordance with the Company’s Articles of Association, the outstanding series A shares shall not be converted into series B shares in the future.
14. CAPITAL PAID IN EXCESS OF PAR
14. TAMBAHAN MODAL DISETOR Merupakan selisih antara harga penawaran saham Rp 5.500 per saham dengan nilai nominal Rp 5.000 per saham dari 116.000 saham yang dijual dalam masa penawaran perdana pada bulan Mei 1979 [lihat Catatan 1b(i)].
Represents the premium as a result of the difference between the offering price of Rp 5,500 and par value of Rp 5,000 per share from 116,000 shares sold during the initial public offering period of May 1979 [see Note 1b(i)].
15. SALES
15. PENJUALAN 31 Maret/ 31 March 2010
Dalam Ribuan US Dollar Merupakan penjualan bersih (setelah dikurangi retur penjualan): Pihak ketiga Pihak yang mempunyai hubungan istimewa
31 Maret/ 31 March 2009
5.167
5.886)
1.335 6.502
691) 6.577)
In thousand of US Dollar Represent net sales (after deduction of sales return): Third parties Related parties
16. COST OF SALES
16. BEBAN POKOK PENJUALAN 31 Maret/ 31 March 2010
Dalam ribuan US Dollar Pemakaian bahan baku Upah langsung Beban produksi tak langsung Jumlah beban produksi Persediaan awal barang dalam pengolahan Persediaan akhir barang dalam pengolahan Beban pokok produksi Persediaan awal barang jadi
1.877) 589) 2,612) 5,077) 1,660) (1,185) 5,552) 1.993)
31 Maret/ 31 March 2009 4,176) 589) 2.973) 7.737) 1,388) (1,660) 7.465€ 3.385)
PT Century Textile Industry Tbk
In thousand of US Dollar Raw materials used Labor cost Indirect production costs Total production costs Beginning balance of work in process Ending balance of work in process Cost of goods manufactured Beginning balance of finished goods 25
PT CENTURY TEXTILE INDUSTRY Tbk CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS PERIODE TIGA BULAN BERAKHIR 31 MARET 2010 DAN 2009 TIDAK DIAUDIT / THREE-MONTH ENDED 31 MARET 2010 AND 2009 (UN AUDITED)
16. COST OF SALES (Continued)
16. BEBAN POKOK PENJUALAN (Lanjutan) 31 Maret/ 31 March 2010
Dalam ribuan US Dollar Persediaan akhir barang jadi Beban pokok penjualan
(1,943) 5.602)
Rincian pemasok dengan jumlah nilai pembelian bahan baku yang melebihi 10% dari total pembelian bersih adalah sebagai berikut: 31 Maret/ 31 March 2010
Dalam ribuan US Dollar PT Wisnu Tjandra
31 Maret/ 31 March 2009 (3,917) 6.933)
Ending balance of finished goods Cost of sales
The details of suppliers from whom the purchase of raw materials amounted to more than 10 percent of the total net purchases are as follows: 31 Maret/ 31 March 2009
9 ) 721 0 366
PT Indonesia Toray Synthetics PT Grand Pintalan Textile Industries Toyoshima & Co., Ltd., Jepang
In thousand of US Dollar
In thousand of US Dollar
699
PT Wisnu Tjandra
359 0 72
PT Indonesia Toray Synthetics PT Grand Pintalan Textile Industries Toyoshima & Co., Ltd.,Japan
17. SELLING EXPENSES
17. BEBAN PENJUALAN 31 Maret/ 31 March 2010
Dalam ribuan US Dollar Beban ekspor Komisi ekspor Iklan dan barang contoh Klaim penjualan
31 Maret/ 31 March 2009
193) 168) 4) 22) 388)
18. BEBAN UMUM DAN ADMINISTRASI
Gaji dan bonus (termasuk pajak penghasilan karyawan) Jasa profesional, keperluan kantor, komunikasi dan sewa Perjalanan dinas, reparasi dan pemeliharaan Kesejahteraan karyawan Penyusutan aktiva tetap Lainnya
Export charges Export commissions Advertising and samples Sales claims
18. GENERAL AND ADMINISTRATIVE EXPENSES
31 Maret/ 31 March 2010
Dalam ribuan US Dollar
254) 242) 10) 0) 506)
In thousand of US Dollar
31 Maret/ 31 March 2009
132)
165
125) 30) 2) 2) 21) 312)
136 26 7 2 29 365
PT Century Textile Industry Tbk
In thousand of US Dollar Salaries and bonus (including employees’ income tax) Professional fees, office supplies, communication and rental Travelling, repairs and maintenance Employees’ welfare Depreciation of fixed assets Others
26
PT CENTURY TEXTILE INDUSTRY Tbk CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS PERIODE TIGA BULAN BERAKHIR 31 MARET 2010 DAN 2009 TIDAK DIAUDIT / THREE-MONTH ENDED 31 MARET 2010 AND 2009 (UN AUDITED)
19. PROFIT (LOSS) PER SHARE
19. LABA (RUGI) PER SAHAM (Rugi) per saham dihitung dengan membagi rugi bersih dengan jumlah rata-rata tertimbang saham beredar dalam tahun yang bersangkutan, sebagai berikut: 31 Maret/ 31 March 2010
Dalam ribuan US Dollar (Rugi) bersih Jumlah rata-rata tertimbang saham seri A yang beredar (dalam ribuan saham) Jumlah rata-rata tertimbang saham seri B yang beredar (dalam ribuan saham) Jumlah saham Laba (Rugi) bersih per saham dasar (dalam Rupiah penuh)
(Losses) per share were calculated by dividing net loss by the weighted average number of outstanding shares during the year as follows: 31 Maret/ 31 March 2009
In thousand of US Dollar
48
(1.586)
Net loss
3.500) ) 6.500) 10.000)
3.500) ) 6.500) 10.000)
Weighted average outstanding series A shares (in thousands of share) Weighted average outstanding series B shares (in thousands of share) Total shares
0.000
(0.016)
Sesuai dengan pasal 24 dari Anggaran Dasarnya, pemegang saham seri A berhak menerima dividen secara nonkumulatip partisipasi laba sekurang-kurangnya sebesar 14,5% dari harga nominal saham seri A, selama keuntungan bersih Perseroan yang disajikan dalam laporan keuangan cukup untuk membayar dividen tersebut. Pemegang saham seri B akan menerima dividen dalam jumlah yang sama, setelah hak minimum pemegang saham seri A terpenuhi.
Primary net profit (loss) per share (in whole Rupiah)
In accordance with article 24 of its Articles of Association, the series A shareholders have the privilege to receive at least 14.5 percent non-cumulative participating dividend from its nominal value if the Company’s profit, as stated in the financial statements, could cover such dividend. The series B shareholders will receive the same dividend after the series A shareholders receive their minimum dividend.
20. SEGMENT INFORMATION
20. INFORMASI SEGMEN Perseroan hanya memiliki satu segmen usaha yaitu tekstil.
The Company only has one business segment, which is textile.
Penjualan Perseroan berdasarkan wilayah geografis adalah sebagai berikut:
The Company’s sales based on geographic areas are as follows:
Dalam ribuan US Dollar Lokal Asia Eropa Amerika Negara lainnya
31 Maret/ 31 March 2010 2.349 3,102 663 7 383 6.504
31 Maret/ 31 March 2009 1.028 3.936 922 0 691 6.577
PT Century Textile Industry Tbk
In thousand of US Dollar Domestic Asia Europe America Other countries
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PT CENTURY TEXTILE INDUSTRY Tbk CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS PERIODE TIGA BULAN BERAKHIR 31 MARET 2010 DAN 2009 TIDAK DIAUDIT / THREE-MONTH ENDED 31 MARET 2010 AND 2009 (UN AUDITED)
21. COMMITMENTS
21. IKATAN-IKATAN
a.
Tokai Senko K.K., Jepang (pihak yang memiliki hubungan istimewa) untuk penyediaan informasi dan teknologi (know-how) kepada bagian pencelupan Perseroan, dimana Perseroan harus membayar imbalan bantuan teknik sebesar USD 0,003/yard untuk kain yang diproduksi (termasuk pekerjaan pengupahan pencelupan dan pengerjaan akhir) kecuali seluruh kain jadi grade C. Perjanjian ini diperbaharui setiap tahun. Beban imbalan jasa bantuan teknik untuk periode tiga bulan yang berakhir tanggal 31 Maret 2010 dan tiga bulan berakhir tanggal 31 Maret 2009 masing-masing berjumlah USD 32.732 dan USD 20.377
b.
Kanematsu Group, Jepang (pihak yang memiliki hubungan istimewa) untuk jasa promosi dan penjualan produk Perseroan ke luar negeri seperti benang tenun dan kain jadi yang dihasilkan dan/atau diproses melalui jaringan organisasi Kanematsu Group, Jepang di seluruh dunia. Atas jasa ini Perseroan harus membayar komisi sebesar 3% - 7% dari nilai faktur penjualan ekspor. Perjanjian ini tetap berlaku kecuali salah satu pihak mengakhiri perjanjian ini. Beban komisi ekspor untuk periode tiga bulan yang berakhir tanggal 31 Maret 2010 dan 31 Maret 2009 masing-masing berjumlah USD 106.072 dan USD 171.904.
b.
Tokai Senko K.K., Japan (a related party) to provide technical information and know-how to the Company's dyeing department, whereby the Company has to pay technical assistance fee of USD 0.003/ yard of fabric produced (including commission dyeing and finishing), except all finished C grade fabrics. This agreement is amended every year. The technical assistance fee for the three month ended 31 Maret 2010 and year ended 31 March 2009 was USD 32.732 and USD 20.377, respectively.
c.
Kanematsu Group, Japan (a related party) to promote and sell the Company's products to overseas countries, such as yarn and fabrics produced and/or processed through Kanematsu Group, Japan's worldwide organization and network. For this right, the Company has to pay a commission of 3 percent – 7 percent from export invoice value. This agreement is valid unless either party terminates this agreement. The export commission for the three month ended 31 March 2010 31.March 2009 was USD 106.072 and USD 171.904, respectively.
d. PT Toray Industries Indonesia (pihak yang memiliki hubungan istimewa) untuk jasa konsultasi dan jasa pendukung lainnya. Perjanjian ini diperbaharui setiap tahun. Atas jasa ini Perseroan harus membayar imbalan jasa masing-masing sebesar USD 74.541 dan USD 70.830 untuk periode tiga bulan yang berakhir tanggal 31 Maret 2010 dan yang berakhir 31 Maret 2009. Beban ini diklasifikasikan sebagai beban umum dan administrasi.
d.
PT Toray Industries Indonesia (a related party) to provide consultation and other supporting services. This agreement is amended every year. For these services, the Company has to pay a service fee amounting to USD 74.541 and USD 70.830 for the three month ended 31 March 2010 and ended 31 March 2009, respectively. This service fee was classified as general and administrative expenses.
Beban royalti dan beban jasa teknik diklasifikasikan sebagai beban produksi, sedangkan beban komisi ekspor diklasifikasikan sebagai beban penjualan.
The royalty and technical fee were classified as cost of sales and export commission was classified as selling expenses.
PT Century Textile Industry Tbk
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PT CENTURY TEXTILE INDUSTRY Tbk CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS PERIODE TIGA BULAN BERAKHIR 31 MARET 2010 DAN 2009 TIDAK DIAUDIT / THREE-MONTH ENDED 31 MARET 2010 AND 2009 (UN AUDITED)
22. ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES
22. ASET DAN KEWAJIBAN DALAM MATA UANG ASING Aset dan kewajiban dalam mata uang asing, ekuivalen dalam Rupiah dan dalam ribuan USD, adalah sebagai berikut:
Assets and liabilities denominated in foreign currencies equivalent in Rupiah and in thousands of USD, are as follows:
31 Maret 2010/ 31 March 2010 Dalam ribuan Rupiah USD/ In thousands of USD Aset: Kas dan bank Piutang usaha Aset lain lain
Kewajiban: Hutang usaha Beban masih harus dibayar Kewajiban lain-lain Kewajiban melebihi aset dalam mata uang asing
1.626.015.118 8.714.670.822 1.940.273.517 12.280.959.457
179 958 213 1.350
1.984.028.527 2.068.423.124 10.983.559.132 15.036.010.783
218 227 1,207 1,652
2.755.051.326
302
Assets: Cash on hand and in banks Trade receivables Others Assets
Liabilities: Trade payables Accrued expenses Other liabilities Excess of liabilities over assets denominated in foreign currencies
23. OTHER INFORMATION
23. INFORMASI LAINNYA Rapat Umum Luar Biasa Pemegang Saham Perseroan tanggal 4 Agustus 2008 (risalah dibuat oleh notaris publik Haji Syarif Siangan Tanudjaja SH, dengan akte No. 2) memutuskan untuk mengubah mata uang pelaporan Perseroan dari Rupiah menjadi US Dollar mulai tahun buku 2009.
The Extraordinary General Shareholders’ Meeting of the Company on 4 August 2008 (minutes prepared by notary public Haji Syarif Siangan Tanudjaja SH, by deed No. 2) resolved to change the Company’s reporting currency from Rupiah to US Dollar starting 2009.
Perseroan juga telah mendapat persetujuan dari Menteri Keuangan/Direktorat Jenderal Pajak No. KEP1575/WPJ.07/BD.04/2008 tanggal 11 Desember 2008 untuk menyelenggarakan pembukuan dalam US Dollar mulai tahun buku 2009.
The Company also has obtained an approval from Minister of Finance/Directorate General of Taxation No. KEP1575/WPJ.07/BD.04/2008 dated 11 December 2008 for maintaining its accounting records in US Dollar from 2009.
PT Century Textile Industry Tbk
29
