PT KIRANA MEGATARA TBK FINANCIAL REPORT 2019

MM5004 – FINANCIAL REPORT AND CONTROL

MID TEST

Lecturer:

Dr. Ir. Asep Darmansyah, M.Si

By:

Ghayatri Ramadhani Effendy

29122352

Master of Business Administration Program

School of Business and Management Institut
Teknologi Bandung 2023
 MID TEST FINANCIAL REPORT AND CONTROL
Class of YP 68 A

Dear all,
For your individual mid test of financial report and control, please choose a company (free for
company size, for listed or no listed company in stock exchange, for legal status, for local or global
and audited report is not a requirement).
To ensure none students who choose the same company and same reporting time period,
the class leader must arrange that the provisions are implemented by listing as below, and submit it
before the collection of answer sheets (by class leader only). The same company but in different
reporting time period is no problem.

Company
No Student ID Name Syndicate Year
Name
Mayora
PT Indah Tbk
1 29123122 Ivan Z. Nugraha 5 2021

Instruction :
Attach the company's annual report and do as follows :

A. Accounting
Calculate
If Choose a Banking Company If Choose a Trading or Manufacturing
Company
1 Loan to Deposit Ratio Current Ratio
2 Loan to Funding Ratio Debt Ratio
3 Liquidity Coverage Ratio Assets Turnover
4 Kewajiban Penyediaan Modal Minimum Profit Margin on Sales
5 Earning per Share Earning per Share
6 Capital Structure Capital Structure
7 Free cash flow Free Cash Flow

PT Mayora Indah Tbk. (MYOR)

Current Ratio
Year Component Nominal Formula Ratio
Current Assets 12,838,729,162,094
2020 3.60
Current Liabilities 3,559,336,027,729 Current Assets /
Current
Current Assets 12,969,783,874,643 Liabilities
2021 2.32
Current Liabilities 5,570,773,468,770
Debt Ratio
Debt to Assets Ratio
Year Component Nominal Formula Ratio
Total Debt 8,506,032,464,592
2020 0.43
Total Assets 19,777,500,514,550 Total Liability /
Total Debt 8,557,621,869,393 Total Assets
2021 0.42
Total Assets 19,917,653,265,528

Assets Turnover
Average Total Assets
Component 2020 2021
Previous Period Total
Assets 19,037,918,806,473 19,777,500,514,550
Current Period Total
Assets 19,777,500,514,550 19,917,653,265,528
38,815,419,321,023 39,695,153,780,078
2 2
Average Total Assets 19,407,709,660,512 19,847,576,890,039

Assets Turnover
Year Component Nominal Formula Ratio
Net Sales 17,177,830,782,966
2020 0.88
Net Sales /
Average Total Assets 19,407,709,660,512 Average
Net Sales 20,981,574,813,780 Total Assets
2021 1.05
Average Total Assets 19,847,576,890,039

Profit Margin on Sales

Year Component Nominal Formula Ratio
Net Income 2,098,168,514,645
2020 8.57%
Net Sales 24,476,953,742,651 Net Income /
Net Income 1,211,052,647,953 Net Sales
2021 4.33%
Net Sales 27,904,558,322,183
Earnings Per Share
Year Nominal

2020 92
2021 53

Capital Structure
Year Component Nominal Formula Ratio
Total Liabilities 8,506,032,464,592
2020 0.75
Total Equities 11,271,468,049,958 Total Liabilities /
Total Liabilities 8,557,621,869,393 Total Equities
2021 0.75
Total Equities 11,360,031,396,135

Free Cash Flow

2021 2020
Net Operating Activities 1,041,955,033,348 3,715,832,449,168
Capital Expenditure 2.101.605.571.763 1.185.316.362.309
Dividends 1,206,761,385,700 685,013,491,750
Free Cash Flows 4,440,321,990,811 5,586,162,303,227

PT Jaya Agra Wattie Tbk. (JAWA)

Current Ratio
Year Component Nominal Formula Ratio
Current Assets 185,529,993,591
2018 0.52
Current Liabilities 359,685,196,924 Current Assets /
Current Assets 174,522,896,892 Current Liabilities
2019 0.39
Current Liabilities 442,357,769,556

Debt Ratio
Debt to Assets Ratio
Year Component Nominal Formula Ratio
Total Debt 2,768,443,138,167
2018 0.80
Total Assets 3,442,393,738,873 Total Liability / Total
Total Debt 3,099,655,452,610 Assets
2019 0.89
Total Assets 3,489,776,816,128
Debt Ratio
Debt to Assets Ratio
Year Component Nominal Formula Ratio
Total Debt 2,768,443,138,167
2018 0.80
Total Assets 3,442,393,738,873 Total Liability / Total
Total Debt 3,099,655,452,610 Assets
2019 0.89
Total Assets 3,489,776,816,128

Inventory Turnover
Average Inventory
Component 2018 2019
Beginning Inventory 51,647,297,860 78,873,799,255
Ending Inventory 78,873,799,255 72,520,106,685
130,521,097,115 151,393,905,940
2 2
Average Inventory 65,260,548,558 75,696,952,970

Inventory Turnover
Year Component Nominal Formula Ratio
COGS 730,074,322,122
2018 11.19
Average Inventory 65,260,548,558 COGS / Average
COGS 704,289,832,096 Inventory
2019 9.30
Average Inventory 75,696,952,970

Profit Margin on Sales

Year Component Nominal Formula Ratio
Net Income (300,146,994,752)
2018 -40.26%
Net Sales 745,508,896,455 Net Income / Net
Net Income (282,699,235,423) Sales
2019 -39.08%
Net Sales 723,317,737,664
Earnings Per Share
Year Outstanding Shares Net Income Formula Ratio

2018 10,000,000,000 (300,146,994,752) Net Income / (30.01)

2019 10,000,000,000 (282,699,235,423) Outstanding Shares (28.27)

Capital Structure
Year Component Nominal Formula Ratio
Total Liabilities 2,768,443,138,167
2018 4.11
Total Equities 673,950,600,706 Total Liabilities / Total
Total Liabilities 3,099,655,452,610 Equities
2019 7.95
Total Equities 390,121,363,518

Free Cash Flow

2019 2018
Net Operating Activities (134,371,771,104) (309,715,805,983)
Capital Expenditure 113,019,300,000 66,592,400,000
Dividends 0 0
Free Cash Flows (247,391,071,104) (376,308,205,983)

B. Analysis
1. Evaluate the performance of the company compared with industry average or main competitor.
Explain
a. Current Ratio
Current Ratio (CR) is a ratio that calculates a company's ability to pay current liabilities using
current assets. Based on the calculation of the table above, it can be seen that CR KMTR
shows a positive trend. From 2018 to 2019, it showed an increase in CR due to a large
decrease in current liabilities. When compared to its competitors, JAWA, it can be seen that
KMTR has better performance. Based on the table above, it shows that the value of JAWA's
CR is less than one, which indicates that to pay off its short-term debt. When you want to
pay off its current liabilities, the company needs to sell its non-current assets.
b. Debt Ratio
The solvency ratio needs to be calculated to determine the company's ability to meet all
obligations, both short-term debt and long-term debt. Overall, the debt to assets
component of PT KMTR is approximately 50%, which means that the company obtains
assets using both debt and capital which are almost the same, with slight fluctuations every
year. When compared to JAWA, it can be seen that KMTR has a better trend. In JAWA, the
financing of owned assets is very dependent on debt compared to capital with an average
ratio of around 7:3.
c. Inventory Turnover
Viewed from the results of the calculations, it appears that KMTR inventory turnover has
decreased. This decrease occurred because the average inventory was high with low sales.
The company's COGS is strongly influenced by the company's sales value because COGS
from
 KMTR tends to follow the ups and downs of the company's sales. The level of development
of changes in the ratio between JAWA and KMTR is not much different, although the KMTR
ratio is still better. It can be seen from JAWA's calculations that the company's inventory
value has decreased in 2019 because the company's average inventory is almost the same as
in previous years, but the company's sales level has decreased so that the company's COGS
will also decrease. This indicates that in 2019, the two companies in similar industries are
having difficulty selling the goods they produce or buy.
d. Profit Margin on Sales
Profit Margin on Sales (PMS) is a ratio that compares net profit and company revenue. It
shows that the higher the ratio, the better the company's ability to generate net income.
Based on the calculation results in the table above, it shows that KMTR has the ability to
generate net profit compared to JAWA. This is because the company continues to earn
profits.
e. Earnings per Share
EPS measures all net income for each number of shares outstanding. Based on the
calculation above, it can be seen that EPS KMTR has a better trend compared to JAWA.
TWhen viewed from net sales, KMTR has decreased due to a decrease in the quantity of SIR
sales and a decrease in the average Bank Indonesia middle rate, the company's operating
profit has increased. This is due to the Company's successful entry running a Cost Reduction
Program (CRP) so there was a decrease in general and administrative expenses from IDR 270
billion to IDR 263 billion.
f. Capital Structure
Capital Structure is amount of debt and/or equity used by the company to finance the
company's operational activities and assets. Based on the table above, KMTR has a higher
portion of debt compared to its capital. While in JAWA it shows an increasing trend due to
an increase in total debt compared to the value of equity which continues to decline. The
decrease in JAWA's equity value was caused by a decrease in retained earnings which was in
line with the losses the company generated. The Conclusion is that the capital structure of
KMTR is better than JAWA.
g. Free Cash Flow
FCF is usually used as a financial performance measurement tool that represents the
remaining cash from business operations. If you look at the KMTR FCF trend from 2018 to
2019, it shows a decline. This is due to the company increasing Capital Expenditure which
will be used to increase the production capacity of the rubber processing business unit by
means of building new factories, developing production process management, planting new
areas, caring for immature plants and building infrastructure in the plantation business unit,
and investing in information system technology and network. Meanwhile, when compared
to JAWA, it shows that KMTR has a higher trend.

2. Which financial statements that you can assess the amounts, timing the risk or uncertainty of
achieving future cash flows ? Which activities and how much that shows them.
Income statement shows the company's performance. This will affect the company's future cash
flow because the income statement contains the company's business operational activities such as
company expenses, income and profits. Based on net sales from 2018 to 2019, it showed a decrease
due to a decrease in the quantity of SIR sales and a decrease in the average Bank Indonesia middle
rate. This shows that the determination of sales is influenced by the exchange rate. Then the net
profit for the current year has increased. So it can be concluded that the company can maintain its
future cash flow.

3. Does the company have financial difficulty to purchase additional investments ? Explain.
PT Kirana Megatara Tbk. (KMTR)
Debt to Assets Ratio
Year Component Nominal Formula Ratio
Total Debt 2,090,416,230,423
2018 58.91%
Total Assets 3,548,239,174,625 Total Liability /
Total Debt 2,261,699,150,713 Total Assets
2019 55.37%
Total Assets 4,084,828,309,213
Debt to Equity Ratio
Year Component Nominal Formula Ratio
Total Liabilities 2,090,416,230,423
2018 143.39%
Total Equities 1,457,822,944,202 Total Liabilities /
Total Liabilities 2,261,699,150,713 Total Equities
2019 124.06%
Total Equities 1,823,129,158,500

Return on Assets
Year Component Nominal Formula Ratio
Net Income 1,585,148,671
2018 0.04%
Total Assets 3,548,239,174,625 Net Income /
Net Income 14,671,516,876 Total Assets
2019 0.36%
Total Assets 4,084,828,309,213

Return on Investment
Year Component Nominal Formula Ratio
Net Income 1,585,148,671
2018 1.66%
Cost of Investment 95,573,627,193 Net Income /
Cost of
Net Income 14,671,516,876 Investment
2019 4.39%
Cost of Investment 334,518,585,442

PT Jaya Agra Wattie Tbk. (JAWA)

Debt to Assets Ratio
Year Component Nominal Formula Ratio
Total Debt 2,768,443,138,167
2018 80.42%
Total Assets 3,442,393,738,873 Total Liability / Total
Total Debt 3,099,655,452,610 Assets
2019 88.82%
Total Assets 3,489,776,816,128
Debt to Equity Ratio
Year Component Nominal Formula Ratio
Total Liabilities 2,768,443,138,167
2018 410.78%
Total Equities 673,950,600,706 Total Liabilities / Total
Total Liabilities 3,099,655,452,610 Equities
2019 794.54%
Total Equities 390,121,363,518

Return on Assets
Year Component Nominal Formula Ratio
Net Income (300,146,994,752)
2018 -8.72%
Total Assets 3,442,393,738,873 Net Income / Total
Net Income (282,699,235,423) Assets
2019 -8.10%
Total Assets 3,489,776,816,128

Return on Investment
Year Component Nominal Formula Ratio
Net Income (300,146,994,752)
2018 -407.70%
Cost of Investment 73,619,544,996 Net Income / Total
Net Income (282,699,235,423) Equity
2019 -402.43%
Cost of Investment 70,247,886,126
Debt to Total Asset Ratio (DAR) is a ratio that measures a company's assets financed by debt or how
much the company's debt affects asset management. Based on the results of the calculations in the
table above, it shows that KMTR has a lower ratio for financing assets using money. Both KMTR and
JAWA show that the company is good at managing its finances.

When viewed from the side of Debt to Equity Ratio (DER) which measures to find out the amount of
funds provided by the borrower (creditor) with the owner of the company. In other words, this ratio
serves to find out every rupiah of own capital that is used as collateral for debt. Based on the
calculation results in the table above, it shows that even though KMTR has a DER value of more than
100%, the purpose of using debt is to add assets to improve the company's operational activities.

Meanwhile, when viewed from the Return on Assets (ROA) and Return on Investment (ROI), it shows
that KMTR has better management compared to JAWA. This is indicated by positive results on the
KMTR side, while on the JAWA side it shows negative results. The negative results were caused by
the company experiencing losses. So it can be concluded that KMTR is better maintained and more
competent to make additional investments.

4. Compare net income and net cash provided by operating activities, why are they the same or
different ? Explain.
Based on net income and net cash provided by operating income, the company shows a different
value. Net income uses an accrual basis, the company records when the obligations carried out have
been fulfilled and/or the benefits of a resource have been felt. Meanwhile, all records contained in
the statement of cash flows use a cash basis or according to the money going out and going into the
company. By using the accrual basis, the company does not record based on the money received or
paid out while sales or payments are not necessarily made in accordance with the nominal at that
time. So the value of net income is different from the net cash provided by operating activities.

C. Principles
1. Explain whether the proper presentation of the financial statements were in accordance with
SAK IFRS or others.
Based on the financial statements reported by KMTR, it shows that the company has complied with
the Standar Akuntansi Keuangan (SAK). This is also stated in the financial statements. Apart from
that, it contains Statement of Financial Position, Income Statement, Statement of Equity, and Notes
to Financial Statement.

However, if you look at the IFRS standards, the financial statements made by KMTR are not in
accordance with IFRS. This is caused by the preparation of KMTR financial statements sorted from
current to non-current. While IFRS, sorted from non-current to current.

2. Did the company make the accounting changes, changes in accounting estimates and corrected
errors ? Show (just one part) , where part do you get from to conclude them.
3. Are there the ingredients of fundamentals qualities covered by the financial reporting ? Explain
each.
To find out the fundamental quality contained in financial reporting related to KMTR, among others:
- Relevance: The information presented in the KMTR financial reports can be used as a
reference for making decisions for its users. This is because the information presented can
be used as material for decision making by looking at the trends and performance of the
company's work.
- Faithful Representation: the information presented must be accurate, complete and free
from material misstatement. This relates to the credibility of the financial reports produced
by the company. KMTR's own financial reporting has been declared free from material
misstatement. This can be proven from the auditor's opinion, which is unqualified.
- Comparability: The value contained in the financial statements must be able to be compared
both with comparisons of periods, companies, and also industries. If you look at the financial
statements presented by KMTR, the company has succeeded in making company reports
comparable from period to period, which is marked by the presentation of this period and
 the previous period. Then, the information can be compared to competitors and industry
companies.
- Verifiable: the information presented in the financial statements must be confirmed. The
report that has been presented by KMTR can be said to be confirmed. This is because the
company has carried out an audit process by an external auditor. So it can be concluded that
the reports presented can be confirmed with the original incident.
- Timeliness: when reporting its financial statements, the company must issue them in a
timely manner. This means that financial reports must be available on time at the end of the
reporting period to be used as a basis for report users to make decisions. KMTR has issued
financial reports according to the current year period and also the interim period, so that it
can be said to be timely in reporting its financial statements.
- Understandability: the financial statements issued by the company must be understandable
by its users. This is related to the ease with which users understand and use the information
presented to make decisions. KMTR itself has presented financial reports that are easy to
understand regarding performance and goals to be carried out in the future. So it can be
concluded that KMTR has presented financial reports that its users can understand.

4. Has the company implemented the full disclosure principle ? Explain.

KMTR has implemented the full disclosure principle. This is due to the opinion given by the external
auditor which is unqualified. In addition, the company also presents Statements of Financial
Position, Income Statements, Statements of Equity, and Notes to Financial Statements.
 APPENDICES

PT KIRANA MEGATARA Tbk DAN ENTITAS ANAK LAPORAN POSISI KEUANGAN KONSOLIDASIAN
Tanggal 31 Desember (Disajikan dalam Rupiah, kecuali dinyatakan lain)

2019 2018

ASET
Aset Lancar
Kas dan Setara Kas 283,436,460,691 438,386,391,172
Piutang usaha
Piutang usaha pihak ketiga 172,531,896,551 156,856,689,038
Piutang usaha pihak berelasi 256,237,227,962 180,405,079,512
Piutang lainnya
Piutang lainnya pihak ketiga 23,117,201,877 14,853,802,062
Piutang lainnya pihak berelasi 44,050,000
Persediaan 909,921,376,260 841,800,753,647
Produk Agrikultur 8,653,274,081 5,726,530,078
Uang muka lancar - Pihak Ketiga 28,647,021,840 29,049,389,633
Biaya dibayar dimuka lancar 3,824,672,119 4,432,762,423
Pajak dibayar dimuka lancar 400,389,300,226 388,089,184,642
Jumlah aset lancar 2,086,802,481,607 2,059,600,582,207

Aset tidak lancar

Pembibitan 291,799,231 4,816,295,322
Tanaman perkebunan
Tanaman perkebunan menghasilkan 229,477,811,592 186,509,743,606
Tanaman perkebunan belum menghasilkan 70,944,615,692 153,995,618,867
Piutang plasma 44,708,348,472 13,802,200,996
Kas yang dibatasi penggunaannya
Aset tetap 1,238,955,764,453 824,521,900,088
Taksiran Klaim atas pajak penghasilan 152,490,403,507 140,085,707,252
Aset pajak tangguhan 157,249,421,424 137,824,814,832
Aset tidak lancar lain-lain 103,907,663,235 27,082,311,455
Jumlah aset tidak lancar 1,998,025,827,606 1,488,638,592,418
TOTAL ASET 4,084,828,309,213 3,548,239,174,625
 PT KIRANA MEGATARA Tbk DAN ENTITAS ANAK LAPORAN POSISI KEUANGAN KONSOLIDASIAN
Tanggal 31 Desember (Disajikan dalam Rupiah, kecuali dinyatakan lain)

2019 2018

LIABILITAS
Liabilitas jangka pendek
Utang usaha
Utang usaha pihak ketiga 20,821,531,898 5,525,247,974
Utang usaha pihak berelasi 83,868,863 374,970,538
Utang lainnya
Utang lainnya pihak ketiga 7,111,278,215 6,655,698,571
Utang lainnya pihak berelasi 15,145,584 10,909,091
Beban yang masih harus dibayar 56,982,061,109 62,713,332,957
Utang pajak 15,656,516,622 24,191,221,781
Uang muka pelanggan jangka pendek
Uang muka pelanggan jangka pendek pihak ketiga 0 3,578,219,745
Liabilitas jangka panjang yang jatuh tempo dalam satu
tahun
Liabilitas jangka panjang yang jatuh tempo dalam satu
97,998,399,627 1,660,337,827,688
tahun atas utang bank
Liabilitas jangka panjang yang jatuh tempo dalam satu
0 0
tahun atas liabilitas sewa pembiayaan
Jumlah liabilitas jangka pendek 198,668,801,918 1,763,387,428,345

Liabilitas jangka panjang

Liabilitas pajak tangguhan 0 0
Liabilitas jangka panjang setelah dikurangi bagian yang
jatuh tempo dalam satu tahun
Liabilitas jangka panjang atas utang bank 1,889,478,866,116 168,469,959,174
Liabilitas jangka panjang atas liabilitas sewa pembiayaan 0 0
Kewajiban imbalan pasca kerja jangka panjang 173,551,482,679 158,558,842,904
Jumlah liabilitas jangka panjang 2,063,030,348,795 327,028,802,078
JUMLAH LIABILITAS 2,261,699,150,713 2,090,416,230,423
 PT KIRANA MEGATARA Tbk DAN ENTITAS ANAK LAPORAN POSISI KEUANGAN KONSOLIDASIAN
Tanggal 31 Desember (Disajikan dalam Rupiah, kecuali dinyatakan lain)

2019 2018

Ekuitas yang diatribusikan kepada pemilik entitas induk

Modal saham biasa 821,536,637,900 768,295,000,000
Tambahan modal disetor 647,471,635,339 423,478,725,197
Penurunan Nilai/Cadangan yang belum direalisasi lindung
0 (7,731,445,313)
nilai arus kas
Komponen ekuitas lainnya (25,056,481,919) (25,056,481,919)
Saldo laba (akumulasi kerugian)
Saldo laba yang dicadangkan 60,000,000,000 60,000,000,000
Saldo laba yang belum dicadangkan 254,156,490,282 238,837,142,914
Total ekuitas yang diatribusikan kepada pemilik entitas
1,758,108,281,602 1,457,822,940,879
induk
Kepentingan non-pengendali 65,020,876,898 3,323
JUMLAH EKUITAS 1,823,129,158,500 1,457,822,944,202
JUMLAH LIABILITAS DAN EKUITAS 4,084,828,309,213 3,548,239,174,625

PT KIRANA MEGATARA Tbk DAN ENTITAS ANAK LAPORAN LABA RUGI DAN PENGHASILAN
KOMPREHENSIF LAIN KONSOLIDASIAN Tanggal 31 Desember (Disajikan dalam Rupiah, kecuali
dinyatakan lain)

2019 2018

Penjualan dan pendapatan usaha 9,670,115,464,264 10,161,868,104,470

Beban pokok penjualan (9,143,617,051,489) (9,483,784,035,378)
Jumlah laba bruto 526,498,412,775 678,084,069,092
Beban penjualan (126,012,217,800) (141,138,659,017)
Beban Umum dan administrasi (262,832,299,435) (270,409,868,948)
Pendapatan Operasi lain-lain 100,651,495,914 12,618,773,115
Beban Operasi lain-lain (68,253,962,487) (123,821,867,282)
Laba Usaha 170,051,428,967 155,332,446,960
Pendapatan keuangan 2,536,886,998 3,282,258,181
Beban keuangan (130,955,873,933) (119,396,571,798)
Laba Sebelum Beban pajak Penghasilan 41,632,442,032 39,218,133,343
 PT KIRANA MEGATARA Tbk DAN ENTITAS ANAK LAPORAN LABA RUGI DAN PENGHASILAN
KOMPREHENSIF LAIN KONSOLIDASIAN Tanggal 31 Desember (Disajikan dalam Rupiah, kecuali
dinyatakan lain)

2019 2018

Kini (34,919,283,500) (28,857,155,500)

Tangguh 7,958,358,344 (8,775,829,172)
Beban Pajak Penghasilan (26,960,925,156) (37,632,984,672)

Laba Neto Periode Berjalan 14,671,516,876 1,585,148,671

Penghasilan Komprehensif Lain

Pos yang tidak mungkin direklasifikasi ke dalam ke laba
rugi
(Kerugian) keuntungan aktuaria program pensiun (1,289,880,154) 16,548,968,429
Manfaat (beban) pajak penghasilan terkait 322,470,039 (4,137,242,107)
Pos yang mungkin direklasifikasi kemudian ke laba rugi
Penurunan nilai yang belum direalisasi dari lindung nilai
arus kas 10,308,593,751 (10,308,593,751)

(Beban) manfaat pajak penghasilan terkait (2,577,148,438) 2,577,148,438

Total penghasilan Komprehensif Lain 6,764,035,198 4,680,281,009
Total Penghasilan Komprehensif Tahun Berjalan 21,435,552,074 6,265,429,680
Laba neto tahun berjalan yang dapat diatribusikan kepada
Pemilik Entitas Induk 16,476,977,764 1,585,148,539
Kepentingan Non-Pengendali (1,805,460,888) 132
Total 14,671,516,876 1,585,148,671
Total Laba Komprehensif tahun berjalan yang dapat
diatribusikan kepada
Pemilik Entitas Induk 23,050,792,681 6,265,429,543
Kepentingan Non-Pengendali (1,615,240,607) 137
Total 21,435,552,074 6,265,429,680

Laba Neto Per Saham dan Dilusian 2.01 0.21

 PT KIRANA MEGATARA Tbk DAN ENTITAS ANAK LAPORAN ARUS KAS KONSOLIDASIAN Tanggal 31
Desember (Disajikan dalam Rupiah, kecuali dinyatakan lain)

2019 2018

ARUS KAS DARI AKTIVITAS OPERASI

Penerimaan kas dari pelanggan 9,559,126,989,297 10,545,147,309,404
Pembayaran kas kepada pemasok (8,372,413,747,225) (8,793,886,440,679)
Pembayaran kas kepada karyawan (414,276,276,489) (416,449,333,948)
Pembayaran untuk beban usaha (611,927,396,992) (704,633,651,589)
Pembayaran kas lainnya dari kegiatan operasi lainnya (24,492,638,425) (3,210,002,434)
Arus kas diperoleh dari operasi 136,016,930,166 626,967,880,754
Pembayaran beban keuangan (147,131,743,043) (114,581,126,034)
Penerimaan pendapatan keuangan 2,536,886,998 3,282,258,181
Pembayaran pajak penghasilan (55,059,276,145) (288,385,388,417)
Penerimaan klaim pajak penghasilan badan 0 4,282,164,730
Pembayaran imbalan kerja karyawan (9,905,347,863) (12,227,915,571)
Kas neto (digunakan untuk) diperoleh dari aktivitas
(73,542,549,887) 219,337,873,643
operasi

ARUS KAS DARI AKTIVITAS INVESTASI

Hasil penjualan aset tetap 4,443,384,414 3,473,210,031
Perolehan aset tetap (93,125,829,197) (87,688,520,743)
Pengurangan (penambahan) aset tidak lancar lain-lain 702,306,670 (672,673,174)
Penambahan tanaman perkebunan (2,774,071,942) (10,409,139,824)
Penerimaan (penambahan) tanaman plasma (639,709,805) (243,703,483)
Pembelian saham dari kepentingan non pengendali 0 (32,800,000)
Akuisisi entitas anak (243,124,665,582) 0
Kas neto digunakan untuk aktivitas investasi (334,518,585,442) (95,573,627,193)

ARUS KAS DARI AKTIVITAS PENDANAAN

Penerimaan pinjaman bank jangka panjang 2,829,390,639,732 1,554,453,082,840
Pembayaran pinjaman bank jangka panjang (2,758,163,891,861) (1,429,677,645,583)
Pembayaran pinjaman jangka panjang-pihak berelasi (89,257,420,195) 0
Penerimaan penerbitan saham baru 0 0
 PT KIRANA MEGATARA Tbk DAN ENTITAS ANAK LAPORAN ARUS KAS KONSOLIDASIAN Tanggal 31
Desember (Disajikan dalam Rupiah, kecuali dinyatakan lain)

2019 2018

Pembayaran biaya emisi penerbitan saham (4,946,132,828) 0

Pembayaran dividen kepada pemegang saham 0 (132,684,546,500)
Pembayaran dividen kepada kepentingan
0 (1,660)
non-pengendali
Kas neto diperoleh dari (digunakan untuk) aktivitas
259,203,875,718 (7,909,110,903)
pendanaan
(Penurunan) Kenaikan Neto dalam Kas dan Setara Kas (148,857,259,611) 115,855,135,547
Dampak perubahan selisih kurs terhadap kas dan
(6,092,634,870) 12,248,086,312
setara kas
Kas dan setara kas pada awal tahun 438,386,391,172 310,283,169,313
Kas dan setara kas pada akhir tahun 283,436,460,691 438,386,391,172

PT JAYA AGRA WATTIE Tbk DAN ENTITAS ANAK LAPORAN POSISI KEUANGAN KONSOLIDASIAN
Tanggal 31 Desember (Disajikan dalam Rupiah, kecuali dinyatakan lain)

2019 2018

Aset
Aset Lancar
Kas dan Bank 6,172,482,989 12,769,513,214
Piutang usaha - pihak ke tiga - neto 20,219,450,221 19,686,891,717
Piutang lain-lain - pihak ke tiga - neto 6,870,361,184 7,127,563,664
Persediaan 72,520,106,685 78,873,799,255
Pajak dibayar di muka 29,365,623,393 24,448,671,409
Piutang plasma 0 0
Aset Biologis 22,328,370,671 28,322,251,362
Uang muka dan biaya dibayar di muka 17,046,501,749 14,301,302,970
Total Aset Lancar 174,522,896,892 185,529,993,591

Aset Tidak Lancar

Piutang plasma 186,473,368,681 138,560,127,315
Bibitan 15,657,542,937 14,733,067,369

Tanaman produktif
 PT JAYA AGRA WATTIE Tbk DAN ENTITAS ANAK LAPORAN POSISI KEUANGAN KONSOLIDASIAN
Tanggal 31 Desember (Disajikan dalam Rupiah, kecuali dinyatakan lain)

2019 2018

Tanaman belum menghasilkan 1,144,496,871,948 1,163,260,672,941

Aset tetap (sudah dikurangi akumulasi penyusutan) 942,684,941,298 989,910,852,049
Uang muka perolehan aset 26,374,317,542 24,397,700,042
Goodwill 17,979,322,415 17,979,322,415
Aset pajak tangguhan - bersih 7,485,498,336 4,717,393,110
Biaya ditangguhkan - neto
Aset Lain-lain 16,508,172,910 11,857,930,031
Total Aset Tidak Lancar 3,315,253,919,236 3,256,863,745,282
Total Aset 3,489,776,816,128 3,442,393,738,873

Liabilitas
Liabilitas Jangka Pendek
Utang bank jangka pendek 125,000,000,000 90,000,000,000
Utang usaha - pihak ketiga 88,949,996,023 77,157,361,718
Utang lain-lain - pihak ketiga 23,674,161,919 66,710,710,638
Utang muka penjualan 79,825,782,914 24,699,887,204
Utang Pajak 24,445,500,812 25,527,530,163
Akrual 83,281,300,094 75,479,957,129
Utang bank jangka panjang jatuh tempo dalam satu tahun
Utang Bank 17,052,533,386 0
Sewa pembiayaan 128,494,408 109,750,072
Total Liabilitas Jangka Pendek 442,357,769,556 359,685,196,924

Liabilitas Jangka Panjang

Utang jangka panjang - telah dikurangi bagian jatuh tempo
dalam satu tahun
Utang bank 2,436,434,615,574 2,213,927,459,279
Utang sewa pembiayaan 90,522,795 257,429,492
Utang lain-lain
Pihak Ketiga 19,800,000,000
Pihak Berelasi 172,341,227,987 151,544,522,468
 PT JAYA AGRA WATTIE Tbk DAN ENTITAS ANAK LAPORAN POSISI KEUANGAN KONSOLIDASIAN
Tanggal 31 Desember (Disajikan dalam Rupiah, kecuali dinyatakan lain)

2019 2018

Liabilitas pajak tangguhan 707,426,716 30,954,066,250

Total Liabilitas Jangka Panjang 2,657,297,683,054 2,408,757,941,243
Total Liabilitas 3,099,655,452,610 2,768,443,138,167

Ekuitas
Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas
Induk
Modal Saham 377,468,550,000 377,468,550,000
Tambahan modal disetor 528,499,784,799 528,499,784,799
Perubahan ekuitas entitas anak 1,640,927,303 1,640,927,303
Saldo laba (defisit)
Dicadangkan 29,709,895,542 29,709,895,542
Belum dicadangkan (558,412,920,255) (277,366,112,033)
Komponen ekuitas lainnya (2,492,293,869) (1,367,360,077)
Total Ekuitas yang dapat diatribusikan kepada pemilik
376,413,943,520 658,585,685,534
entitas induk
Kepentingan non pengendali 13,707,419,998 15,364,915,172
Total Ekuitas 390,121,363,518 673,950,600,706
Total Liabilitas dan Ekuitas 3,489,776,816,128 3,442,393,738,873

PT JAYA AGRA WATTIE Tbk DAN ENTITAS ANAK LAPORAN LABA RUGI DAN PENGHASILAN
KOMPREHENSIF LAIN KONSOLIDASIAN Tahun yang Berakhir Pada Tanggal 31 Desember (Disajikan
dalam Rupiah, kecuali dinyatakan lain)

2019 2018

Penjualan Bersih 723,317,737,664 745,508,896,455

Beban Pokok Penjualan 704,289,832,096 730,074,322,122
Laba Kotor 19,027,905,568 15,434,574,333
Beban Usaha
Beban penjualan (23,571,661,943) (22,618,417,851)
Beban umum dan administrasi (44,277,881,775) (46,764,618,899)
Total Beban Usaha (67,849,543,718) (69,383,036,750)
 PT JAYA AGRA WATTIE Tbk DAN ENTITAS ANAK LAPORAN LABA RUGI DAN PENGHASILAN
KOMPREHENSIF LAIN KONSOLIDASIAN Tahun yang Berakhir Pada Tanggal 31 Desember (Disajikan
dalam Rupiah, kecuali dinyatakan lain)

2019 2018

Penghasilan (Beban) Lain-Lain

Beban Keuangan (239,499,964,746) (207,182,364,176)
Penghasilan keuangan 174,129,492 1,204,470,842
Keuntungan (kerugian) lain - lain - neto (28,666,753,027) (44,371,806,035)
Pendapatan operasi lain
Beban operasi lain
Beban lain-lain - neto (267,992,588,281) (250,349,699,369)
Rugi Sebelum Pajak Penghasilan (316,814,226,431) (304,298,161,786)
Manfaat (Beban) Pajak Penghasilan
Pajak Kini (46,125,459) (126,114,947)
Pajak tangguhan 34,161,116,467 4,277,281,981
Manfaat (Beban) pajak tangguhan terkait 34,114,991,008 4,151,167,034
Rugi Neto (282,699,235,423) (300,146,994,752)

Rugi Komprehensif Lain

Tidak akan direklasifikasikan ke laba rugi pada periode
berikutnya:
Penilaian kembali atas imbalan pasca kerja (1,475,725,328) 32,995,387,083
Manfaat pajak tangguhan terkait 345,723,563 0
Rugi Komprehensif Lain - Setelah Pajak (1,130,001,765) 32,995,387,083
Total Rugi Komprehensif (283,829,237,188) (267,151,607,669)
Rugi Neto yang Dapat Diatribusikan Kepada:
Pemilik Entitas induk (281,046,808,222) (298,472,320,487)
Kepentingan Nonpengendali (1,652,427,201) (1,674,674,265)
Total (282,699,235,423) (300,146,994,752)
Total Rugi Komprehensif yang Dapat Diatribusikan Kepada:
Pemilik Entitas induk (282,171,742,014) (265,727,310,461)
Kepentingan Nonpengendali (1,657,495,174) (1,424,297,208)
Total (283,829,237,188) (267,151,607,669)
Rugi per Saham - Dasar (74.46) (79.07)
 PT JAYA AGRA WATTIE TBK DAN ENTITAS ANAK
LAPORAN ARUS KAS KONSOLIDASIAN
Tahun Yang Berakhir Pada Tanggal 31 Desember
(Disajikan dalam Rupiah kecuali dinyatakan lain)

2019 2018

Arus Kas Dari Aktivitas Operasi

Penerimaan kas dari pelanggan 777,911,074,870 741,375,157,299
Pembayaran kas kepada pemasok, dan lain-lain (478,661,840,785) (662,899,569,001)
Pembayaran kepada karyawan (182,079,192,099) (164,671,878,550)
Kas dihasilkan dari operasi 117,170,041,986 (86,196,290,252)
Pembayaran beban bunga (251,497,926,227) (223,368,953,453)
Pembayaran pajak penghasilan (43,886,863) (150,562,278)
Penerimaan atas pajak lebih bayar dari kantor pajak 0 0
Kas Neto Digunakan untuk Aktivitas Operasi (134,371,771,104) (309,715,805,983)

Arus Kas Dari Aktivitas Investasi

Pembayaran kepada plasma 0 0
Penambahan tanaman belum menghasilkan (47,458,927,478) (44,639,833,605)
Perolehan aset tetap (14,449,698,650) (16,569,450,292)
Hasil penjualan aset 0 0
Penambahan bibitan (1,220,800,390) (4,048,819,190)
Penerimaan bunga 174,129,492 1,204,470,842
Perolehan hak guna usaha (5,315,971,600) 0
Penambahan uang muka pembelian aset tetap (1,976,617,500) (1,334,310,000)
Pembelian saham dari non-pengendali 0 (8,231,602,751)
Kas Neto Digunakan untuk Aktivitas Investasi (70,247,886,126) (73,619,544,996)

Arus Kas Dari Aktivitas Pendanaan

Penerimaan dari utang lain-lain 0 0
Pembayaran utang lain-lain (23,643,000,000) (554,583,266,302)
Perolehan utang bank jangka panjang 234,727,030,732 2,307,888,224,436
Pembayaran utang bank jangka panjang 0 (1,508,679,861,412)
Penerimaan utang pihak berelasi 0 245,826,634,252
Pembayaran utang bank jangka pendek 0 (131,500,000,000)
 PT JAYA AGRA WATTIE TBK DAN ENTITAS ANAK
LAPORAN ARUS KAS KONSOLIDASIAN
Tahun Yang Berakhir Pada Tanggal 31 Desember
(Disajikan dalam Rupiah kecuali dinyatakan lain)

2019 2018

Pembayaran utang sewa pembiayaan (148,162,361) (280,206,436)

Pembayaran kepada plasma (47,913,241,366) (59,356,011,645)
Kas Neto Diperoleh Dari Aktivitas Pendanaan 198,022,627,005 389,315,512,893
Kenaikan (Penurunan) Kas dan Bank (6,597,030,225) 5,980,161,914
Kas dan Bank Awal Periode 12,769,513,214 6,789,351,300
Kas dan Bank Akhir Periode 6,172,482,989 12,769,513,214

***