with report on review of interim financial information
Halaman/Pages
Surat Pernyataan Direksi Statement of the Board of Directors
Laporan atas Reviu Informasi Keuangan Interim Report on Review of Interim Financial Information Consolidated Statements of Laporan Posisi Keuangan Konsolidasian ... 1-3 ...Financial Position Laporan Laba Rugi dan Penghasilan Consolidated Statements of Profit or Loss
Komprehensif Lain Konsolidasian ... 4-5 ... and Other Comprehensive Income
Laporan Perubahan Ekuitas Consolidated Statements of
Konsolidasian ... 6-8 ...Changes in Equity Consolidated Statements of Laporan Arus Kas Konsolidasian ... 9-10 ...Cash Flows
Catatan atas Laporan Keuangan Notes to the Consolidated
Konsolidasian ... 11-179 ...Financial Statements Lampiran (Informasi Keuangan Tambahan Appendices (Supplementary Financial Information
Terhadap Laporan Keuangan Konsolidasian to the Consolidated Financial Statements Tentang Informasi Keuangan Entitas Induk): Regarding the Financial Information of the Parent Entity):
Laporan Posisi Keuangan Entitas Induk ... i-ii Statements of Financial Position of the Parent Entity
Laporan Laba Rugi dan Penghasilan Statements of Profit or Loss and Other
Komprehensif Lain Entitas Induk ... iii ... Comprehensive Income of the Parent Entity Laporan Perubahan Ekuitas Entitas Induk ... iv Statements of Changes in Equity of the Parent Entity Laporan Arus Kas Entitas Induk ... v-vi ...Statements of Cash Flows of the Parent Entity Catatan atas Informasi Keuangan Notes to the Financial Information of the
Entitas Induk ... vii-xvi ...Parent Entity
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ASET ASSETS
ASET LANCAR CURRENT ASSETS
Kas dan setara kas 2g,2m,6,43 394.922 399.867 279.161 Cash and cash equivalent
Investasi jangka pendek 2g,2m,7,43 25.200 9.844 - Short-term investments
Bank yang dibatasi penggunaannya 2g,2m,6d,43 158.210 24.273 12.565 Restricted banks
Piutang Accounts receivable
Usaha Trade
Pihak ketiga, neto 2m,8,43 595.512 615.868 561.418 Third parties, net
Pihak berelasi 2m,8,25a,43 209.367 230.047 378.446 Related parties
Lain-lain Others
Pihak ketiga, neto 2m,9,43 37.103 40.923 33.485 Third parties, net
Pihak berelasi 2m,9,25a,43 131.950 144.736 450.761 Related parties
Persediaan, neto 2h,10 1.386.633 1.401.083 1.606.777 Inventories, net
Pa jak dibayar dimuka 18a 32.122 39.463 3.269 Prepaid taxes
Uang muka dan
biaya dibayar dimuka 2i,11 108.786 315.539 177.437 Advances and prepayments
Instrumen keuangan derivatif 2n,12 - 120.882 - Derivative financial instruments
Pinjaman kepada pihak berelasi 13,25a - 136.500 - Loan to related parties
TOTAL ASET LANCAR 3.079.805 3.479.025 3.503.319 TOTAL CURRENT ASSETS
ASET TIDAK LANCAR NON-CURRENT ASSETS
Tagihan pengembalian pajak 2r,18b 192.623 189.284 196.474 Claims for tax refund
Investasi pada Investment in
entitas asosiasi 2e,14 4.752 4.752 4.757 an associate entity
Aset hak guna, neto 2b,2l,16 123.692 132.682 122.357 Right of use assets, net
Aset tetap, neto 2j,2l,15 14.852.804 14.945.485 15.349.792 Fixed assets, net
Aset pajak tangguhan 2r,18e 6.137 2.862 35.077 Deferred tax assets
Aset tidak lancar lainnya 2k,17,43 319.688 289.250 679.114 Other non-current assets
TOTAL ASET TIDAK LANCAR 15.499.696 15.564.315 16.387.571 TOTAL NON-CURRENT ASSETS
TOTAL ASET 18.579.501 19.043.340 19.890.890 TOTAL ASSETS
Catatan atas laporan keuangan konsolidasian interim terlampir merupakan bagian integral dari
laporan keuangan konsolidasian interim ini.
The accompanying notes form an integral part of these Interim consolidated financial statements.
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS JANGKA PENDEK CURRENT LIABILITIES
Pinjaman dari pihak berelasi 25a 289.165 297.935 24.316 Loan from related parties
Pinjaman bank jangka pendek 2m,28,43 1.877.799 1.809.576 1.870.360 Short-term bank loans
Utang Accounts payable
Usaha Trade
Pihak ketiga 2m,19,43 1.295.256 855.258 703.920 Third parties
Pihak berelasi 2m,19,25a,43 240.706 467.034 39.426 Related parties
Lain-lain Others
Pihak ketiga 2m,20,43 806.221 1.196.096 1.911.582 Third parties
Pihak berelasi 2m,20,25a,43 275.049 788.417 808.747 Related parties
Liabilitas imbalan kerja Short-term employee
jangka pendek 2t,21 12.112 7.501 16.636 benefit liabilities
Beban akrual 2m,22,43 270.916 201.726 212.717 Accrued expenses
Uang muka pelanggan Advance from customers
Pihak ketiga 2m,23 203.745 282.133 224.620 Third parties
Pihak berelasi 2m,23,25a 1.067.699 1.124.670 1.017.217 Related parties
Utang pajak 18c 46.932 28.188 30.372 Taxes payable
Pendapatan diterima di muka 24 23.698 12.036 15.904 Unearned revenue
Instrumen keuangan derivatif 2n,12 10.384 - - Derivative financial instruments
Bagian lancar atas liabilitas Current maturities of
jangka panjang: long-term liabilities:
- Pinjaman bank jangka panjang 2m,2s,28,43 1.210.576 1.035.463 586.591 Long-term bank loans -
- Liabilitas sewa 2l,2m,27,43 55.436 55.553 50.587 Lease liabilities -
- Utang pembiayaan konsumen 26,43 9.118 8.891 6.402 Consumer financing liabilities - TOTAL LIABILITAS
JANGKA PENDEK 7.694.812 8.170.477 7.519.397 TOTAL CURRENT LIABILITIES
LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES
Liabilitas jangka panjang, setelah dikurangi bagian yang akan
jatuh tempo dalam waktu Long-term liabilities, net of
satu tahun: current portion:
- Pinjaman bank jangka panjang 2m,2s,28,43 6.019.858 6.171.487 5.700.678 Long-term bank loans -
- Liabilitas sewa 2l,2m,27,43 113.146 116.389 98.006 Lease liabilities -
- Utang pembiayaan konsumen 26,43 7.127 9.374 12.416 Consumer financing liabilities -
Liabilitas imbalan kerja 2t,29 115.081 109.955 117.174 Employee benefit liabilities
Liabilitas pajak tangguhan, neto 2r,18e 48.451 75.342 45.718 Deferred tax liabilities, net
Utang lain-lain 2m,20,43 1.650.579 1.650.286 2.166.001 Other payables
TOTAL LIABILITAS TOTAL NON-CURRENT
JANGKA PANJANG 7.954.242 8.132.833 8.139.993 LIABILITIES
TOTAL LIABILITAS 15.649.054 16.303.310 15.659.390 TOTAL LIABILITIES
EKUITAS EQUITY
Ekuitas yang dapat diatribusikan Equity attributable to equity
kepada pemilik entitas induk: holders of the parent entity:
Modal saham 31 7.703.352 5.544.352 4.438.000 Share capital
Uang muka setoran modal 31 1 2.159.001 2.576.824 Advance for share capital
(Disagio saham)/tambahan (Discount on stock)/additional
modal disetor 32 (1.922.017) (1.922.017) 229.872 paid in capital
Selisih kurs karena penjabaran Foreign currency translation
laporan keuangan (158.406) (215.964) adjustment
Akumulasi rugi (3.101.959) (3.217.114) (4.373.510) Accumulated losses
Penghasilan komprehensif Other comprehensive
lainnya 3c,33 58.060 56.047 617 income
Modal proforma yang timbul Proforma capital arising from
karena transaksi akuisisi atas acquisition of entity
entitas sepengendali proforma ekuitas - - 892.995 under common control
Total ekuitas yang dapat Total equity attributable
diatribusikan kepada to equity holders
pemilik entitas induk 2.579.031 2.404.305 3.764.798 of the parent entity
Kepentingan non-pengendali 351.416 335.725 466.702 Non-controlling interests
TOTAL EKUITAS 2.930.447 2.740.030 4.231.500 TOTAL EQUITY
TOTAL LIABILITAS DAN EKUITAS 18.579.501 19.043.340 19.890.890 TOTAL LIABILITIES AND EQUITY
Catatan atas laporan keuangan konsolidasian interim terlampir merupakan bagian integral dari
laporan keuangan konsolidasian interim ini.
The accompanying notes form an integral part of these Interim consolidated financial statements.
Three-Month Three-Month Period Ended Period Ended Catatan/ March 31, 2021 March 31, 2020
Notes (Unaudited) (Unaudited)
Penjualan 2o,35 2.006.629 1.422.828 Sales
Beban pokok pendapatan 2o,37 (1.397.497) (1.109.645) Cost of revenues
Laba bruto 609.132 313.183 Gross profit
Beban penjualan dan distribusi 2o,38a (193.683) (162.887) Selling and distribution expenses General and administrative
Beban umum dan administrasi 2o,38b (98.342) (98.177) expenses
Pendapatan/(beban) operasi lain 39 (11.305) (738.651) Other operating income/(expenses)
Laba usaha 305.802 (686.532) Profit from operations
Pendapatan keuangan 40 2.352 4.671 Finance income
Biaya keuangan 41 (202.026) (188.466) Finance costs
Share of loss of
Bagian rugi entitas asosiasi 14 - - associate entities
LABA/(RUGI) SEBELUM PAJAK PROFIT/(LOSS) BEFORE
PENGHASILAN 106.128 (870.327) INCOME TAX
Manfaat/(beban) pajak penghasilan Income tax (expenses)/benefit
Tahun berjalan 18d (6.890) (5.090) Current
Tangguhan 18d 19.696 205.903 Deferred
12.806 200.813
LABA/(RUGI) TAHUN BERJALAN 118.934 (669.514) PROFIT/(LOSS) FOR THE YEAR
Efek penyesuaian proforma Effect of proforma adjustments
Pemilik entitas induk - (5.723) Equity holders to parent
Kepentingan non-pengendali - (991) Non-controlling interest
- (6.714)
LABA/(RUGI) TAHUN BERJALAN 118.934 (676.228) PROFIT/(LOSS) FOR THE YEAR
Pendapatan komprehensif lain Other comprehensive income
Pos yang tidak direklasifikasi Item not to be reclassified
ke laba rugi (setelah pajak): to profit or loss (net of tax):
Laba pengukuran kembali atas Gain on remeasurement
liabilitas imbalan kerja karyawan 33 - - of defined benefits plan
Pos yang direklasifikasi Items to be reclassified
ke laba rugi (setelah pajak): to profit or loss (net of tax):
Perubahan nilai wajar Fair value changes
atas lindung nilai arus kas 33 2.013 - to cash hedges
Selisih kurs karena penjabaran Foreign currency translation
laporan keuangan 69.470 - adjustment
TOTAL LABA/(RUGI)
KOMPREHENSIF TOTAL COMPREHENSIVE
TAHUN BERJALAN 190.417 (676.228) INCOME/(LOSS) FOR THE YEAR
(Tidak diaudit)/ (Tidak diaudit)/
Three-Month Three-Month Period Ended Period Ended Catatan/ March 31, 2021 March 31, 2020
Notes (Unaudited) (Unaudited)
Efek penyesuaian proforma Effect of proforma adjustments
Pemilik entitas induk - - Equity holders to parent
Kepentingan non-pengendali - - Non-controlling interest
Efek penyesuaian proforma - - Effect of proforma adjustments
TOTAL LABA/(RUGI)
KOMPREHENSIF TOTAL COMPREHENSIVE
TAHUN BERJALAN 190.417 (676.228) INCOME/(LOSS) FOR THE YEAR
Laba/(rugi) yang dapat
diatribusikan kepada: Profit/(loss) attributable to:
Pemilik entitas induk 115.155 (676.560) Equity holders of parent entity
Kepentingan non pengendali 3.779 332 Non-controlling interests
118.934 (676.228)
Total laba/(rugi) komprehensif Total comprehensive
yang dapat diatribusikan income/(loss)
kepada: attributable to:
Pemilik entitas induk 186.638 (676.560) Equity holders of parent entity
Kepentingan non pengendali 3.779 332 Non-controlling interests
190.417 (676.228)
Laba/(rugi) per saham dasar 0,02 (0,15) Basic earnings/(loss) per share
Catatan atas laporan keuangan konsolidasian interim terlampir merupakan bagian integral dari laporan keuangan konsolidasian interim ini.
The accompanying notes form an integral part of these Interim consolidated financial statements.
Catatan/ Modal saham/ Advance for Additional entities under translation Accumulated comprehensive to owners of the Non-controlling Total
Notes Share capital share capital paid-in capital common control adjustment loss income parent entity -net interests Equity
Saldo 31 Desember 2019 Balance as of December 31, 2019
(Disajikan kembali, Catatan 5) 31 4.438.000 1.176.824 229.872 764.300 - (3.686.672 ) 617 2.922.941 420.521 3.343.462 (As restated, Note 5)
Penyesuaian saldo awal
atas penerapan PSAK 71, Adjustments on implementation
setelah pajak - - - - - (11.435 ) - (11.435) - (11.435) PSAK 71 net of tax
Saldo 1 Januari 2020 31 4.438.000 1.176.824 229.872 764.300 - (3.698.107 ) 617 2.911.506 420.521 3.332.027 Balance as of January 1, 2020
Efek penyesuaian proforma - laba
tahun berjalan Proforma adjustments - income
dari entitas anak - - - 28.057 - - - 28.057 32.666 60.723 of the year of subsidiaries
Efek penyesuaian proforma - laba
komprehensif tahun berjalan Proforma adjustments - comprehensive
dari entitas anak - - - (307) - - - (307) - (307) income of the year of subsidiaries
Modal proforma yang timbul Proforma capital adjustments
dari pembagian dividen - - - (100.345) - - - (100.345) (43.005) (143.350) arising from dividend distribution
Modal proforma uang muka Proforma capital adjustments
setoran modal atas entitas advance share capital
non sepengendali - - - 105.000 - - - 105.000 (75.000) 30.000 for non controlling interest
Modal proforma yang timbul Proforma capital adjustments
dari penyesuaian translasi - - - 8.625 - - - 8.625 3.696 12.321 arising from translation adjustments
Modal proforma dari laba Proforma capital adjustments
atas penjualan entitas anak - - - 8.056 - - - 8.056 (3.300) 4.756 arising from sale subsidiary
Modal proforma yang timbul Proforma capital adjustments
atas entitas sepengendali - - - (2.165.305) - - - (2.165.305) - (2.165.305) arising from changes equity
Modal proforma yang timbul Proforma capital adjustments
atas perubahan ekuitas - - - (616.608) (215.964 ) - - (832.572) - (832.572) arising from changes equity
Efek penyesuaian proforma - - (2.151.889 ) 1.968.527 - - - (183.362) - (183.362) Proforma adjustments
Penambahan modal saham 1.106.352 - - - - - - 1.106.352 - 1.106.352 Increase in share capital
Penambahan uang muka - 982.177 - - - - - 982.177 - 982.177 Increase in advance capital
Laba tahun berjalan - - - - - 471.342 - 471.342 (1.783) 469.559 Profit for the year
Laba pengukuran kembali atas Re-measurement gain of employees’
liabilitas imbalan kerja karyawan - - - - - 9.651 - 9.651 1.930 11.581 benefit liabilities
Perubahan nilai wajar Fair value changes
lindung nilai arus kas - - - - - - 55.430 55.430 - 55.430 to cash flow hedges
Saldo 31 Desember 2020 31 5.544.352 2.159.001 (1.922.017 ) - (215.964 ) (3.217.114 ) 56.047 2.404.305 335.725 2.740.030 Balance as of December 31, 2020
sepengendali/ penjabaran kepada pemilik
Proforma equity laporan Penghasilan entitas induk -
arising from keuangan komprehensif neto/
Uang muka Tambahan restructuring Foreign Akumulasi lainnya/ Equity Kepentingan Total
setoran modal/ modal disetor/ transactions of / currency rugi/ Other attributable nonpengendali/ Ekuitas/
Catatan/ Modal saham/ Advance for Additional entities under translation Accumulated comprehensive to owners of the Non-controlling Total
Notes Share capital share capital paid-in capital common control adjustment loss income parent entity -net interests Equity
Saldo 31 Desember 2019 Balance as of December 31, 2019
(Disajikan kembali, Catatan 5) 31 4.438.000 1.176.824 229.872 764.300 - (3.686.672 ) 617 2.922.941 420.521 3.343.462 (As restated, Note 5)
Penyesuaian saldo awal
atas penerapan PSAK 71, Adjustments on implementation
setelah pajak - - - - - (10.278 ) - (10.278) - (10.278) PSAK 71 net of tax
Saldo 1 Januari 2020 4.438.000 1.176.824 229.872 764.300 - (3.696.950 ) 617 2.912.663 420.521 3.333.184 Balance as of January 1, 2020
Efek penyesuaian proforma - laba
tahun berjalan Proforma adjustments - income
dari entitas anak - - - 5.723 - - - 5.723 991 6.714 of the year of subsidiaries
Modal proforma yang timbul Proforma capital adjustments
dari penyesuaian translasi - - - 122.972 - - - 122.972 44.858 167.830 arising from translation adjustments
Penambahan modal saham - 1.400.000 - - - - - 1.400.000 - 1.400.000 Increase in share capital
Laba tahun berjalan - - - - - (676.560 ) - (676.560) 332 (676.228) Profit for the year
Saldo 31 Maret 2020 31 4.438.000 2.576.824 229.872 892.995 - (4.373.510 ) 617 3.764.798 466.702 4.231.500 Balance as of March 31, 2020
Catatan atas laporan keuangan konsolidasian interim terlampir merupakan bagian integral dari laporan keuangan konsolidasian interim ini.
The accompanying notes form an integral part of these Interim consolidated financial statements.
restrukturisasi kurs dapat
dengan entitas karena diatribusikan
sepengendali/ penjabaran kepada pemilik
Proforma equity laporan Penghasilan entitas induk -
arising from keuangan komprehensif neto/
Uang muka Tambahan restructuring Foreign Akumulasi lainnya/ Equity Kepentingan Total
setoran modal/ modal disetor/ transactions of / currency rugi/ Other attributable nonpengendali/ Ekuitas/
Catatan/ Modal saham/ Advance for Additional entities under translation Accumulated comprehensive to owners of the Non-controlling Total
Notes Share capital share capital paid-in capital common control adjustment loss income parent entity -net interests Equity
Saldo 31 Desember 2020 31 5.544.352 2.159.001 (1.922.017 ) - (215.964 ) (3.217.114 ) 56.047 2.404.305 335.725 2.740.030 Balance as of December 31, 2020
Penambahan modal saham 2.159.000 (2.159.000) - - - - - - - - Increase in share capital
Laba tahun berjalan - - - - - 115.155 - 115.155 3.779 118.934 Profit for the year
Selisih kurs karena penjabaran laporan Foreign currency translation
keuangan - - - - 57.558 - - 57.558 11.912 69.470 adjustment
Perubahan nilai wajar Fair value changes
lindung nilai arus kas - - - - - - 2.013 2.013 - 2.013 to cash flow hedges
Saldo 31 Maret 2021 31 7.703.352 1 (1.922.017) - (158.406 ) (3.101.959) 58.060 2.579.031 351.416 2.930.447 Balance as of Macrh 31, 2021
Three-Month Three-Month Period Ended Period Ended Catatan/ March 31, 2021 March 31, 2020
Notes (Unaudited) (Unaudited)
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
OPERASI OPERATING ACTIVITIES
Penerimaan kas dari pelanggan 2.054.210 1.667.211 Cash received from customers
Pembayaran kepada pemasok dan Cash paid to suppliers and other
aktivitas operasi lainnya (1.557.632) (1.306.255) operating activites
Pembayaran kas kepada Cash paid to
karyawan (99.072) (136.039) employees
Penerimaan bunga 2.352 4.671 Interest received
Pembayaran pajak penghasilan 18 (1.751) (7.124) Income tax paid
Kas neto diperoleh dari Net cash provided by
aktivitas operasi 398.107 222.464 operating activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
INVESTASI INVESTING ACTIVITIES
Pembelian aset tetap dan pembayaran Purchase of fixed assets and
kepada kontraktor untuk payments to contractors for
aset dalam penyelesaian (247.856) (284.772) construction in progress
Pembayaran uang muka proyek - (16.424) Project advance payments
Penerimaan dari pelepasan aset tetap - - Proceeds of assets disposal
Pembayaran uang muka tanah (2.685) (3.309) Land advance payments
Kas neto digunakan untuk Net cash used in
aktivitas investasi (250.541) (304.505) investing activities
Catatan atas laporan keuangan konsolidasian interim terlampir merupakan bagian integral dari
laporan keuangan konsolidasian interim ini.
The accompanying notes form an integral part of these Interim consolidated financial statements.
Period Ended Period Ended Catatan/ March 31, 2021 March 31, 2020
Notes (Unaudited) (Unaudited)
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
PENDANAAN FINANCING ACTIVITIES
(Penurunan)/kenaikan pinjaman (Decrease)/increase from
pihak berelasi (8.770) - related parties loans
Penerimaan pinjaman bank Proceeds from short-term
jangka pendek 453.860 482.436 bank loans
Pembayaran pinjaman bank Repayments of short-term
jangka pendek (391.708) (455.144) bank loans
Penerimaan pinjaman bank Proceeds from long-term
jangka panjang 221.904 253.901 bank loans
Pembayaran pinjaman bank Repayments of long-term
jangka panjang (232.624) (214.237) bank loans
Pembayaran dividen non-pengendali - - Payment of non-controlling dividend
Pembayaran utang pembiayaan Payments of consumer
konsumen dan liabilitas financing liabilities and
sewa pembiayaan (11.642) (12.759) finance lease liabilities
Pembayaran biaya keuangan (193.175) (155.723) Payment of financing costs
Kas neto yang digunakan untuk Net cash used in
aktivitas pendanaan (162.155) (101.526) financing activities
Penurunan neto Net decrease in
kas dan setara kas (14.589) (183.567) cash and cash equivalents
Dampak perubahan selisih kurs Effect of exchange rate differences
terhadap kas dan setara kas 9.644 11.211 on cash and cash equivalents
Kas dan setara kas Cash and cash equivalents at
pada awal tahun 399.867 451.517 beginning of year
Kas dan setara kas Cash and cash equivalents
pada akhir tahun 6 394.922 279.161 at end of year
Components of cash
Komponen kas dan setara kas terdiri dari: and cash equivalents:
Kas 3.189 4.646 Cash on hand
Bank 235.493 127.221 Bank
Deposito berjangka 156.240 147.294 Time deposit
394.922 279.161
Lihat Catatan 45 untuk transaksi non-kas Refer to Note 45 for non-cash transaction
a. Pendirian Perusahaan dan Informasi Umum Lainnya
a. Establishment of the Company and Other General Information
PT Cemindo Gemilang (“Perusahaan”), didirikan di Indonesia berdasarkan Akta Notaris Humberg Lie, S.H., S.E., M.Kn, No. 9 tanggal 4 Juli 2011. Akta pendirian Perusahaan telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. AHU-34713.AH.01.01.Tahun 2011 tanggal 11 Juli 2011.
PT Cemindo Gemilang (the “Company”), established in Indonesia based on Notarial Deed No. 9 of Humberg Lie, S.H., S.E., M.Kn, dated July 4, 2011. The Company’s deed of establishment was approved by the Minister of Law and Human Rights of Republic of Indonesia through its Decree Letter No. AHU-34713.AH.01.01.Year 2011 dated July 11, 2011.
Anggaran Dasar Perusahaan telah mengalami beberapa kali perubahan, dan terakhir adalah berdasarkan akta notaris Laurens Gunawan, S.H., M.Kn. Nomor 4 tertanggal 31 Desember 2020 untuk meningkatkan modal ditempatkan dan disetor Perusahaan dari Rp4.438.000 menjadi Rp5.544.352. Akta telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. AHU-AH.01.03-0033417 tanggal 20 Januari 2021.
The Company’s Articles of Association have been amended several times, with the most recently amendment by Notarial Deed No. 4 of Laurens Gunawan, S.H., M.Kn. dated December 31, 2020 to increase the issued and paid-up capital of the Company from Rp4,438,000 to Rp5,544,352. The Company’s deed was approved by the Minister of Law and Human Rights of Republic of Indonesia through its Decree Letter No. AHU-AH.01.03-0033417 dated January 20, 2021.
Perusahaan berkedudukan di Jakarta Utara dan beralamat kantor administrasi di Gama Tower, Lt.43 Jl. HR. Rasuna Said Kav.C-22 Jakarta Selatan, Indonesia dengan pabrik grinding Perusahaan berlokasi di Ciwandan (Provinsi Banten), Medan (Provinsi Sumatera Utara), Bengkulu (Provinsi Bengkulu) dan Gresik (Provinsi Jawa Timur) dan pabrik semen terintegrasi di Bayah (Provinsi Banten).
The Company is domiciled in North Jakarta and administrative office is at Gama Tower, 43rd Floor Jl. HR. Rasuna Said Kav.C-22 Jakarta Selatan, Indonesia and the Company’s grinding plants are located in Ciwandan (Banten Province), Medan (North Sumatera Province), Bengkulu (Bengkulu Province) and Gresik (East Java Province) and integrated cement plant in Bayah (Banten Province).
Perusahaan bergerak di bidang penjualan semen sejak April 2012 dan produksi semen dari terak sejak April 2014, dan produksi semen dari bahan mentah sejak Januari 2016.
The Company engages in cement trading since April 2012 and cement manufacturing from clinker since April 2014, and cement manufacturing from raw material since January 2016.
Sesuai dengan Pasal 3 Anggaran Dasar Perusahaan, kegiatan usaha utama Perusahaan adalah menjalankan dan melakukan usaha dalam bidang industri semen, antara lain, pembuatan macam-macam semen seperti semen terak, semen superfosfat
In accordance with Article 3 of the Company’s Articles of Association, the Company's main business activities are running and conducting business in the cement industry, and among others, cement manufacturing from clinker, super phosphate and others. The Company
Lainnya (lanjutan) General Information (continued) Saat ini, Perusahaan dan entitas anaknya
(selanjutnya disebut “Grup”) bergerak dalam beberapa bidang usaha yang meliputi pabrikasi dan penjualan semen, beton siap pakai, tambang agregat, serta transportasi.
Currently, the Company and its subsidiaries (collectively referred to hereinafter as “Group”) are involved in several businesses consisting of the manufacture and sale of cement and ready- mix concrete, aggregates quarrying, and trucking transportation.
WH Investment Pte. Ltd., adalah entitas induk Perusahaan. Pemegang saham terakhir Perusahaan adalah perorangan.
WH Investment Pte. Ltd., is parent entity of the Company. The ultimate shareholder of the Company is individual.
b. Dewan Komisaris dan Direksi dan Karyawan b. Boards of Commissioners and Directors, and Employees
Susunan Dewan Komisaris dan Direksi Perusahaan pada tanggal 31 Maret 2021 dan 31 Desember 2020, adalah sebagai berikut:
The composition of the Company’s Boards of Commissioners and Directors as of March 31, 2021 and December 31, 2020, was as follows:
31 Maret 2021 dan 31 Desember 2020/
March 31, 2021 and December 31, 2020
Dewan Komisaris Board of Commissioners
Komisaris Utama Vince Erlington Indigo President Commissioner
Komisaris Jacqueline Sitorus Commissioner
Direksi Directors
Direktur Utama Chang-I Liu President Director
Direktur Gary Tan Pei Yih Director
Direktur Jinnawati Director
Direktur Chua Voon Hai Director
Perubahan susunan Dewan Komisaris dan Direksi Perusahaan pada tanggal 3 May 2021 diungkapkan dalam Catatan 46.
Manajemen kunci adalah komisaris dan direksi Perusahaan.
The change in composition of the Company’s Boards of Commissioners and Directors as of May 3, 2021 are disclosed in Note 46.
Key management represents the Company’s commissioners and directors.
b. Dewan Komisaris dan Direksi dan Karyawan (lanjutan)
b. Boards of Commissioners and Directors, and Employees (continued)
Grup mempunyai 2.606, 3.138, dan 2.617 karyawan tetap (tidak diaudit) masing-masing pada tanggal 31 Maret 2021, 31 Desember dan 31 Maret 2020.
The Group had 2,606, 3,138 and 2,617 permanent employees (unaudited) as of March 31, 2021, December 31 and March 31, 2020.
c. Penyelesaian Laporan Keuangan Konsolidasian
c. Completion of the Consolidated Financial Statements
Manajemen Perusahaan bertanggung jawab atas penyusunan dan penyajian wajar laporan keuangan konsolidasian ini sesuai dengan Standar Akuntansi Keuangan di Indonesia, yang telah diselesaikan dan diotorisasi untuk diterbitkan oleh Direksi Perusahaan pada tanggal 28 Mei 2021.
The Company’s management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with Indonesian Financial Accounting Standards, which were completed and authorized for issuance by the Board of Directors of the Company on May 28, 2021.
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
a. Dasar penyajian laporan keuangan konsolidasian
a. Basis of presentation of consolidated financial statements
Laporan keuangan konsolidasian telah disusun dan disajikan sesuai dengan Standar Akuntansi Keuangan di Indonesia (“SAK”), yang mencakup Pernyataan Standar Akuntansi Keuangan (“PSAK”) dan Interpretasi Standar Akuntansi Keuangan (“ISAK”) yang dikeluarkan oleh Dewan Standar Akuntansi Keuangan Ikatan Akuntan Indonesia, serta Peraturan No. VIII.G.7 Lampiran Keputusan Ketua OJK No. KEP-347/BL/2012 tanggal 25 Juni 2012 yang terdapat di dalam Peraturan dan Pedoman Penyajian dan Pengungkapan Laporan Keuangan yang diterbitkan oleh OJK.
Kebijakan ini telah diterapkan secara konsisten terhadap seluruh tahun yang disajikan, kecuali jika dinyatakan lain.
The consolidated financial statements have been prepared and presented in accordance with Indonesian Financial Accounting Standards (“SAK”), which comprise the Statements of Financial Accounting Standards (“PSAK”) and Interpretations to Financial Accounting Standards (“ISAK”) issued by the Financial Accounting Board of the Indonesian Institute of Accountants and Rule No. VIII.G.7 Attachment of Chairman of OJK’s decision No. KEP-347/BL/2012 dated June 25, 2012 on the Regulations and Guidelines on Financial Statement Presentation and Disclosures issued by OJK. These policies have been consistently applied to all years presented, unless otherwise stated.
Laporan keuangan konsolidasian telah disusun sesuai dengan PSAK 1: Penyajian Laporan Keuangan. Laporan keuangan konsolidasian,
The consolidated financial statements have been prepared in accordance with PSAK 1:
Presentation of Financial Statements. The
a. Dasar Penyajian Laporan Keuangan Konsolidasian (lanjutan)
a. Basis of Presentation of Consolidated Financial Statements (continued)
Laporan arus kas konsolidasian menyajikan arus kas dari perubahan kegiatan operasi, investasi dan pendanaan. Laporan arus kas konsolidasian disusun dengan metode langsung (direct method).
The consolidated statements of cash flows present the changes in cash from operating, investing and financing activities. The consolidated statements of cash flows are prepared using the direct method.
Mata uang pelaporan yang digunakan pada laporan keuangan konsolidasian adalah Rupiah, yang juga merupakan mata uang fungsional setiap entitas dalam Grup, kecuali entitas anak tertentu, yaitu CI dan CVH yang memiliki mata uang fungsional Dolar Amerika Serikat (“Dolar AS”) dan CCC dengan mata uang fungsional Dong Vietnam. Tiap entitas dalam Grup menentukan mata uang fungsionalnya masing - masing dan laporan keuangannya masing-masing diukur menggunakan mata uang fungsional tersebut.
The reporting currency used in the consolidated financial statements is Indonesian Rupiah, which is also each entity’s in the Group’s functional currency, except for certain subsidiaries, namely CI and CVH whose functional currency is United States Dollar (“US Dollar”) and CCC with their functional currency is Vietnamese Dong. Each entity in the Group determines its own functional currency and their financial statements are measured using that functional currency.
b. Perubahan kebijakan akuntansi b. Changes in accounting principles Pada tanggal 1 Januari 2020, Grup
menerapkan pernyataan standar akuntansi keuangan dan interpretasi standar akuntansi keuangan baru dan revisi yang efektif sejak tanggal tersebut. Perubahan kebijakan akuntansi Grup telah dibuat seperti yang disyaratkan, sesuai dengan ketentuan transisi dalam masing-masing standar dan interpretasi.
On January 1, 2020, the Group adopted new and revised statements of financial accounting standards and interpretations of statements of financial accounting standards that are mandatory for application from that date. The changes in the Group’s accounting policies have been made as required, in accordance with the transitional provisions in the respective standards and interpretations.
Amandemen dan penyesuaian standar akuntansi
Amendment and annual improvements on accounting standards
PSAK 71: “Instrumen Keuangan”, yang diadopsi dari IFRS 9;
PSAK 71: “Financial Instruments” adopted from IFRS 9;
PSAK 72: “Pendapatan dari kontrak dengan Pelanggan”, yang diadopsi dari IFRS 15;
PSAK 72: “Revenue from Contract with Customers” adopted from IFRS 15;
PSAK 73: “Sewa”, yang diadopsi dari IFRS 16;
PSAK 73: “Leases” adopted from IFRS 16;
Amandemen PSAK 1 dan PSAK 25:
“Definisi Material”;
Amendment PSAK 1 and PSAK 25:
“Definition of Materials”;
Amandemen PSAK 15: “Investasi pada Entitas Asosiasi dan Ventura Bersama”, penerapan dini diperkenankan;
Amendment PSAK 15: “Investments in Associates and Joint Ventures”, earlier application is permitted;
b. Perubahan kebijakan Akuntansi (lanjutan) b. Changes in accounting principles (continued)
Amandemen dan penyesuaian standar Akuntansi (lanjutan)
Amendment and annual improvements on accounting standards (continued)
Penerapan standar dan interpretasi yang baru dan revisi tidak menghasilkan perubahan besar terhadap kebijakan akuntansi Grup dan tidak memiliki dampak material pada jumlah yang dilaporkan untuk tahun keuangan saat ini atau sebelumnya kecuali untuk PSAK 71 dan PSAK 73.
The adoption of the new and revised standard and interpretation did not result in substantial changes to the Group’s accounting policies and had no material effect on the amounts reported for the current or prior financial years except for PSAK 71 and PSAK 73.
PSAK 71 PSAK 71
Grup telah menerapkan PSAK 71 dengan pendekatan retrospektif modifikasian pada tanggal 1 Januari 2020 dengan mengakui dampak kumulatif penerapan awal PSAK 71 sebagai penyesuaian terhadap saldo laba pada tanggal 1 Januari 2020.
The Group has applied PSAK 71 modified retrospective approach on the required effective date, January 1, 2020 with recognized the initial balance cumulative impact of PSAK 71 as an adjustment on the retained earnings as of January 1, 2020.
Beberapa perubahan utama yang berdampak pada Grup meliputi:
Some of the key changes that impacted the Group include the following:
i. Klasifikasi dan pengukuran i. Classification and measurement Berdasarkan PSAK 71, Grup
mengklasifikasikan aset keuangan berdasarkan biaya perolehan diamortisasi, diukur melalui nilai wajar melalui laba rugi, dan diukur dengan nilai wajar melalui pendapatan komprehensif lainnya.
Sebelumnya berdasarkan PSAK 55 (2013), diklasifikasikan sebagai pinjaman dan piutang yang tersedia untuk dijual.
Klasifikasi ini didasarkan pada dua kriteria:
model bisnis Grup untuk mengelola aset;
dan apakah arus kas kontraktual instrumen hanya terkait pembayaran pokok dan bunga atas jumlah pokok terutang.
Under PSAK 71, the Group classifies its financial assets as at amortized cost, at FVTPL, and at FVTOCI. Previously under PSAK 55, its classified as loan and receivables and available for sale. The classification is based on two criteria: the Group’s business model for managing the assets; and whether the instruments’
contractual cash flows represent solely payments of principal and interest on the principal amount outstanding.
b. Perubahan kebijakan akuntansi (lanjutan) b. Changes in accounting principles (continued)
PSAK 71 (lanjutan) PSAK 71 (continued)
Beberapa perubahan utama yang berdampak pada Grup meliputi: (lanjutan)
Some of the key changes that impacted the Group include the following: (continued)
i. Klasifikasi dan pengukuran (lanjutan) i. Classification and measurement (continued)
Penilaian model bisnis Grup dilakukan pada tanggal implementasi awal, 1 Januari 2020, dan kemudian diterapkan secara retrospektif modifikasian pada aset-aset keuangan yang tidak dihentikan pengakuannya sebelum 1 Januari 2020. Penilaian apakah arus kas kontraktual pada instrumen utang hanya atas pembayaran pokok dan bunga dilakukan berdasarkan fakta dan keadaan pada saat pengakuan awal aset.
Persyaratan klasifikasi dan pengukuran PSAK 71 berdampak pada beberapa aset keuangan Grup yang tersedia untuk dijual karena harus diukur melalui nilai wajar melalui laba rugi karena arus kas kontraktual instrumen tidak hanya mewakili pembayaran pokok dan bunga. Grup mengukur pada biaya perolehan diamortisasi untuk semua aset keuangan yang sebelumnya diklasifikasikan sebagai pinjaman yang diberikan dan piutang berdasarkan PSAK 55.
The assessment of the Group’s business model was made as of the date of initial application, January 1, 2020, and then applied modified retrospectively to those financial assets that were not derecognized before January 1, 2020. The assessment of whether contractual cash flows on debt instruments are solely payments of principal and interest was made based on the facts and circumstances as at the initial recognition of the assets. The classification and measurement requirements of PSAK 71 have an impact on some of the Group’s available for sale financial assets as they have to be measured at FVTPL as the instruments’
contractual cash flow does not represent solely payments of principal and interest. The Group continued measuring at amortized cost for all financial assets previously classified as loans and receivables under PSAK 55.
ii. Penurunan Nilai ii. Impairment
Penerapan PSAK 71 secara fundamental telah mengubah akuntansi Grup untuk kerugian penurunan nilai atas aset keuangan dengan mengganti pendekatan penurunan nilai dalam PSAK 55 dengan pendekatan kerugian kredit ekspektasian (“ECL”). PSAK 71 mengharuskan Grup untuk mengakui penyisihan ECL untuk semua aset instrumen keuangan selain yang diukur dengan nilai wajar melalui laba rugi dan aset kontrak.
The adoption of PSAK 71 has fundamentally changed the Group’s accounting for impairment losses for financial assets by replacing PSAK 55’s incurred loss approach with a forward looking ECL approach.
PSAK 71 requires the Group to recognize an allowance for ECL for all financial assets instrument not held at FVTPL and contract assets.
b. Perubahan kebijakan akuntansi (lanjutan) b. Changes in accounting principles (continued)
PSAK 71 (lanjutan) PSAK 71 (continued)
Dampak penerapan PSAK 71 pada tanggal 1 Januari 2020 adalah sebagai berikut:
The effects of adopting PSAK 71 as of January 1, 2020 were as follows:
Dilaporkan Setelah penerapan
sebelumnya/ PSAK 71/
As previously Penyesuaian/ After adoption of reported Adjustments PSAK 71
Laporan posisi keuangan Statement of financial position
Aset Asset
Piutang usaha - pihak ketiga 595.873 (8.199) 587.674 Trade receivables - third parties Piutang lain-lain -
pihak ketiga 129.744 (6.771) 122.973 Other receivables - third parties
Jumlah aset lancar 3.805.536 (14.970) 3.790.566 Total current assets
Aset pajak tangguhan 750 3.535 4.285 Deferred tax assets
Jumlah aset tidak lancar 15.802.577 3.535 15.806.112 Total non-current assets
Jumlah aset 19.608.113 (11.435) 19.596.678 Total assets
Ekuitas Equity
Akumulasi defisit (3.686.672) (11.435) (3.698.107) Accumulated deficit
Jumlah ekuitas 3.343.462 (11.435) 3.332.027 Total ekuitas
PSAK 73 PSAK 73
Pada 1 Januari 2020, Grup menerapkan PSAK 73 dengan menggunakan pendekatan retrospektif modifikasian dengan memilih pendekatan praktis yang tersedia berdasarkan pedoman transisi dalam PSAK 73.
On January 1, 2020, The Group has applied PSAK 73 using the modified retrospective method by applied package of practical expedients available under the transition guidance within PSAK 73.
Dengan demikian laporan keuangan tahun 2019 tidak disajikan kembali dan disajikan sesuai standar sebelumnya dan interpretasi terkait.
Grup melanjutkan penilaian sewa historis dengan tidak menilai kembali kontrak sewa sebelum PSAK 73 berlaku. Grup menerapkan definisi sewa dan panduan terkait yang ditetapkan dalam PSAK 73 untuk semua kontrak sewa yang dibuat atau dimodifikasi pada atau setelah 1 Januari 2020.
Accordingly, the comparative information presented for 2019 has not been restated and it is presented, as previously reported, under the related interpretations.The Group continued to carry forward the historical lease assessments and not to reassess the lease contract before PSAK 73 applied. The Group applies the definition of a lease and related guidance set out in PSAK 73 to all lease contracts entered into or modified on or after January 1, 2020.
Grup telah menggunakan pendekatan praktis The Group has made use of the package of