The original report included herein is in Indonesian language.
Laporan Akuntan Independen Independent Accountants’ Report
No. Laporan RPC-7636 Report No. RPC-7636
Pemegang Saham, Dewan Komisaris dan Direksi
PT Asahimas Flat Glass Tbk
The Shareholders, Boards of Commissioners and Directors PT Asahimas Flat Glass Tbk
Kami telah melakukan review atas neraca PT Asahimas Flat Glass Tbk (“Perusahaan”) tanggal 30 Juni 2007 dan 2006, serta laporan laba rugi, laporan perubahan ekuitas, dan laporan arus kas untuk periode enam bulan yang berakhir pada tanggal-tanggal tersebut. Laporan keuangan tersebut merupakan tanggung jawab manajemen Perusahaan.
We have reviewed the accompanying balance sheets of PT Asahimas Flat Glass Tbk (“the Company”) as of June 30, 2007 and 2006, and the related statements of income, changes in shareholders’ equity, and cash flows for the six-month periods then ended. These financial statements are the responsibility of the Company’s management.
Kami melaksanakan review berdasarkan standar yang ditetapkan Ikatan Akuntan Indonesia. Review atas informasi keuangan interim terutama meliputi penerapan prosedur analitik terhadap data keuangan dan meminta keterangan kepada orang yang bertanggung jawab atas berbagai hal yang berkaitan dengan akuntansi dan keuangan. Lingkup review ini sangat sempit bila dibandingkan dengan lingkup audit berdasarkan standar auditing yang bertujuan untuk memberikan pendapat atas laporan keuangan secara keseluruhan. Oleh karena itu, kami tidak memberikan pendapat seperti itu.
We conducted our reviews in accordance with standards established by the Indonesian Institute of Accountants. A review of interim financial information consists principally of applying analytical procedures to financial data and making inquiries of the Company personnel responsible for financial and accounting matters. It is substantially less in scope than an audit in accordance with auditing standards, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.
Berdasarkan review kami, kami tidak menemukan indikasi perlunya modifikasi material terhadap laporan keuangan yang kami sebutkan di atas agar sesuai dengan prinsip akuntansi yang berlaku umum di Indonesia.
Based on our reviews, we are not aware of any material modifications that should be made to the accompanying financial statements referred to above in order for them to be in conformity with generally accepted accounting principles in Indonesia.
Purwantono, Sarwoko & Sandjaja
Drs. Iman Sarwoko
Izin Akuntan Publik No./Public Accountant License No. 98.1.0359 25 Juli 2007/July 25, 2007
The accompanying financial statements are not intended to present the financial position, results of operations and cash flows in accordance with accounting principles and practices generally accepted in countries and jurisdictions other than Indonesia. The standards, procedures and practices to review such financial statements are those generally accepted and applied in Indonesia.
Lihat Laporan Akuntan Independen
Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan secara
keseluruhan.
See Independent Accountants’ Report
The accompanying notes to the financial statements form an integral part of these financial statements.
PT ASAHIMAS FLAT GLASS Tbk PT ASAHIMAS FLAT GLASS Tbk
NERACA (Tidak diaudit) BALANCE SHEETS (Unaudited)
30 Juni 2007 dan 2006 June 30, 2007 and 2006
(Disajikan dalam ribuan rupiah, kecuali (Expressed in thousands of rupiah, unless
dinyatakan lain) otherwise stated)
Catatan/
2007 Notes 2006
AKTIVA ASSETS
AKTIVA LANCAR CURRENT ASSETS
Kas dan setara kas 62.812.690 2f,3 37.576.187 Cash and cash equivalents Piutang usaha:
Pihak yang mempunyai hubungan Trade receivables: istimewa 94.231.114 4,24a 101.739.678 Related parties Pihak ketiga 77.320.624 2g,4 56.380.699 Third parties Piutang lain-lain 12.619.215 16.509.545 Other receivables Persediaan 405.628.139 2h,5 478.030.188 Inventories
Uang muka impor dan lainnya 15.335.794 5.688.112 Advances for imports and others
Pajak dibayar di muka 73.723.075 2n,6a 55.912.703 Prepaid taxes Biaya dibayar di muka 8.652.282 8.813.185 Prepaid expenses
JUMLAH AKTIVA LANCAR 750.322.933 760.650.297 TOTAL CURRENT ASSETS
AKTIVA TIDAK LANCAR NON-CURRENT ASSETS
Aktiva pajak tangguhan 280.715 2n,6e - Deferred tax assets Investasi pada perusahaan asosiasi 5.819.532 2i,7,24b 6.855.395 Investment in associated companies Investasi jangka panjang lainnya 2.735.277 2i,8 2.411.295 Other long-term investments Aktiva tetap - setelah dikurangi
akumulasi penyusutan Fixed assets - net of accumulated Rp1.281.141.185 depreciation of Rp1,281,141,185 (2006: Rp1.148.906.518) 855.935.071 2j,9 846.737.604 (2006: Rp1,148,906,518) Aktiva lain-lain - setelah dikurangi Other assets - net of accumulated akumulasi amortisasi Rp7.302.304 amortization of Rp7,302,304 (2006: Rp5.786.492) 5.757.732 2k,10 7.469.391 (2006: Rp5,786,492) JUMLAH AKTIVA TIDAK LANCAR 870.528.327 863.473.685 TOTAL NON-CURRENT ASSETS
Lihat Laporan Akuntan Independen
Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan secara
keseluruhan.
See Independent Accountants’ Report
The accompanying notes to the financial statements form an integral part of these financial statements.
3
PT ASAHIMAS FLAT GLASS Tbk PT ASAHIMAS FLAT GLASS Tbk
NERACA (Tidak diaudit) (lanjutan) BALANCE SHEETS (Unaudited) (continued)
30 Juni 2007 dan 2006 June 30, 2007 and 2006
(Disajikan dalam ribuan rupiah, kecuali (Expressed in thousands of rupiah, unless
dinyatakan lain) otherwise stated)
Catatan/
2007 Notes 2006
LIABILITIES AND
KEWAJIBAN DAN EKUITAS SHAREHOLDERS' EQUITY
KEWAJIBAN LANCAR CURRENT LIABILITIES
Pinjaman bank jangka pendek 135.810.000 11 167.400.000 Short-term bank borrowings Hutang usaha:
Pihak yang mempunyai hubungan Trade payables: istimewa 10.104.669 12,24c 26.469.399 Related parties Pihak ketiga 49.541.089 12 28.546.232 Third parties Hutang lain-lain 21.241.348 14.808.512 Other payables Hutang pajak 33.106.743 2n,6b 12.930.902 Taxes payable Uang muka diterima 5.190.890 3.989.060 Advances received Biaya masih harus dibayar 19.106.139 17.933.219 Accrued expenses Uang jaminan pallet 3.363.702 3.590.026 Guarantee deposits for pallets
JUMLAH KEWAJIBAN LANCAR 277.464.580 275.667.350 TOTAL CURRENT LIABILITIES
KEWAJIBAN JANGKA PANJANG LONG-TERM LIABILITIES
Hutang lain-lain pada pihak yang
mempunyai hubungan istimewa 8.041.482 24d 43.076.858 Other related party payables Kewajiban pajak tangguhan - 2n,6e 8.935.425 Deferred tax liabilities Kewajiban imbalan kerja 125.006.971 2m,13 118.200.635 Employee benefits liability JUMLAH KEWAJIBAN JANGKA
PANJANG 133.048.453 170.212.918 TOTAL LONG-TERM LIABILITIES JUMLAH KEWAJIBAN 410.513.033 445.880.268 TOTAL LIABILITIES
EKUITAS SHAREHOLDERS' EQUITY
Modal saham Share capital
Nilai nominal Rp500 (angka penuh) Nominal value Rp500 (full amount) per saham. Modal dasar 600.000.000 per share. Authorized capital saham. Modal ditempatkan dan 600,000,000 shares. Issued and disetor penuh 434.000.000 saham 217.000.000 14 217.000.000 fully paid up 434,000,000 shares Tambahan modal disetor - bersih 165.082.799 15 165.082.799 Additional paid-in capital - net Selisih kurs penjabaran laporan Exchange rate differences due to keuangan 7.226.090 2d,7 8.117.957 financial statement translation
Saldo laba yang telah ditentukan Appropriated retained penggunaannya 54.250.000 23 54.250.000 earnings
Saldo laba yang belum ditentukan Unappropriated retained penggunaannya 766.779.338 733.792.958 earnings
JUMLAH EKUITAS 1.210.338.227 1.178.243.714 TOTAL SHAREHOLDERS' EQUITY
JUMLAH KEWAJIBAN DAN TOTAL LIABILITIES AND
Lihat Laporan Akuntan Independen
Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan secara
keseluruhan.
See Independent Accountants’ Report
The accompanying notes to the financial statements form an integral part of these financial statements.
PT ASAHIMAS FLAT GLASS Tbk PT ASAHIMAS FLAT GLASS Tbk
LAPORAN LABA RUGI (Tidak diaudit) STATEMENTS OF INCOME (Unaudited) Periode enam bulan yang berakhir pada Six-month periods ended tanggal-tanggal 30 Juni 2007 dan 2006 June 30, 2007 and 2006 (Disajikan dalam ribuan rupiah, kecuali (Expressed in thousands of rupiah, unless
dinyatakan lain) otherwise stated)
Catatan/
2007 Notes 2006
PENJUALAN BERSIH 909.937.471 2e,16, 740.787.793 NET SALES
24e
BEBAN POKOK PENJUALAN 665.073.782 17,24f 593.359.006 COST OF GOODS SOLD
LABA KOTOR 244.863.689 147.428.787 GROSS PROFIT
BEBAN USAHA OPERATING EXPENSES
Penjualan 81.844.258 18,24g 75.935.017 Selling Umum dan administrasi 51.744.142 19 50.949.001 General and administrative Jumlah beban usaha 133.588.400 126.884.018 Total operating expenses
LABA USAHA 111.275.289 20.544.769 OPERATING PROFIT
PENGHASILAN/(BEBAN) LAIN-LAIN OTHER INCOME/(EXPENSES)
Beban bunga (5.988.022) (3.486.218) Interest expense Pendapatan bunga 555.329 315.269 Interest income Laba/(rugi) selisih kurs - bersih 669.810 (923.418) Gain/(loss)on foreign exchange - net
Laba atas penjualan aktiva tetap 235.378 9b 246.698 Gain on sale of fixed assets Beban tetap selama cold repair (16.956.791) 20 - Fixed expenses during cold repair Lainnya - bersih 3.379.223 652.659 Others - net Beban lain-lain - bersih (18.105.073) (3.195.010) Other expenses - net
BAGIAN LABA DARI PERUSAHAAN SHARE IN PROFIT FROM
ASOSIASI - 2i,7 2.141.642 ASSOCIATED COMPANIES
LABA SEBELUM PAJAK PROFIT BEFORE CORPORATE
PENGHASILAN BADAN 93.170.216 19.491.401 INCOME TAX
PAJAK PENGHASILAN BADAN CORPORATE INCOME TAX
Pajak kini (35.285.674) 2n,6c,6d (13.365.828) Current tax Pajak tangguhan 5.111.234 2n,6c,6e 6.664.255 Deferred tax (30.174.440) (6.701.573)
LABA BERSIH 62.995.776 12.789.828 NET PROFIT
Laba bersih per saham dasar Basic earnings per share (dalam rupiah penuh) 145 2o,21 29 (in full rupiah)
Lihat Laporan Akuntan Independen
Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan secara keseluruhan.
See Independent Accountants’ Report
The accompanying notes to the financial statements form an integral part of these financial statements.
PT ASAHIMAS FLAT GLASS Tbk PT ASAHIMAS FLAT GLASS Tbk
LAPORAN PERUBAHAN EKUITAS (Tidak diaudit) STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited)
Periode enam bulan yang berakhir pada tanggal-tanggal 30 Juni 2007 dan 2006 Six-month periods ended June 30, 2007 and 2006
(Disajikan dalam ribuan rupiah, kecuali dinyatakan lain) (Expressed in thousands of rupiah, unless otherwise stated)
Selisih kurs
penjabaran laporan
keuangan/
Tambahan Exchange rate Saldo laba/Retained earnings
modal disetor - differences Telah Belum Jumlah
bersih/ due to financial ditentukan ditentukan ekuitas/Total
Catatan/ Modal saham/ Additional paid- statement penggunaannya/ penggunaannya/ shareholders’
Notes Share capital in capital - net translation Appropriated Unappropriated equity
Saldo per 31 Desember 2005 217.000.000 165.082.799 8.756.223 50.000.000 759.973.130 1.200.812.152 Balance as of December 31, 2005
Selisih kurs penjabaran Exchange rate differences due to
laporan keuangan 2d,7 - - (638.266) - - (638.266) financial statement translation
Laba bersih untuk periode Net profit for the six-month
enam bulan - - - - 12.789.828 12.789.828 period
Pembagian dividen 22 - - - - (34.720.000) (34.720.000) Dividends declared
Cadangan umum 23 - - - 4.250.000 (4.250.000) - General reserve
Saldo per 30 Juni 2006 217.000.000 165.082.799 8.117.957 54.250.000 733.792.958 1.178.243.714 Balance as of June 30, 2006
Selisih kurs penjabaran Exchange rate differences due to
laporan keuangan - - (181.563) - - (181.563) financial statement translation
Rugi bersih untuk periode Net loss for the six-month
enam bulan - - - - (30.009.396) (30.009.396) period
Saldo per 31 Desember 2006 217.000.000 165.082.799 7.936.394 54.250.000 703.783.562 1.148.052.755 Balance as of December 31, 2006
Pelepasan investasi pada Disposal of investment in associated
perusahaan asosiasi 7 - - (710.304) - - (710.304) companies
Laba bersih untuk periode Net profit for the six-month
enam bulan - - - - 62.995.776 62.995.776 period
Saldo per 30 Juni 2007 217.000.000 165.082.799 7.226.090 54.250.000 766.779.338 1.210.338.227 Balance as of June 30, 2007
PT ASAHIMAS FLAT GLASS Tbk PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Tidak diaudit) NOTES TO THE FINANCIAL STATEMENTS (Unaudited) Periode enam bulan yang berakhir pada Six-month periods ended tanggal-tanggal 30 Juni 2007 dan 2006 June 30, 2007 and 2006 (Disajikan dalam ribuan rupiah, kecuali (Expressed in thousands of rupiah, unless
dinyatakan lain) otherwise stated)
PT ASAHIMAS FLAT GLASS Tbk PT ASAHIMAS FLAT GLASS Tbk
Lihat Laporan Akuntan Independen / See Independent Accountants’ Report
LAPORAN ARUS KAS (Tidak diaudit) STATEMENTS OF CASH FLOWS (Unaudited) Periode enam bulan yang berakhir pada Six-month periods ended tanggal-tanggal 30 Juni 2007 dan 2006 June 30, 2007 and 2006 (Disajikan dalam ribuan rupiah, kecuali (Expressed in thousands of rupiah, unless
dinyatakan lain) otherwise stated)
Catatan/
2007 Notes 2006
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM OPERATING
OPERASI ACTIVITIES
Penerimaan dari pelanggan 914.535.487 750.105.030 Receipts from customers Pembayaran kepada pemasok (476.761.830) (410.331.280) Payments to suppliers Pembayaran kepada karyawan (113.947.789) (113.869.370) Payments to employees Pembayaran untuk beban usaha (134.844.094) (167.409.950) Payments for operating expenses Pembayaran untuk imbalan kerja (9.070.082) 13 (6.411.866) Payments for employee benefits Kas dihasilkan dari operasi 179.911.692 52.082.564 Cash generated from operations Pembayaran pajak penghasilan badan (9.242.917) (55.701.821) Corporate income taxes paid
Penerimaan bunga 558.457 312.140 Interest received Pembayaran bunga (6.116.379) (3.450.030) Interest paid Kasbersihdiperolehdari/(digunakan Net cash provided by/(used in)
untuk) aktivitas operasi 165.110.853 (6.757.147) operating activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM INVESTING
INVESTASI ACTIVITIES
Penerimaan dividen - 7 5.196.555 Dividends received Penambahan investasi (314.650) - Additional investments
Hasil pelepasan investasi 1.182.769 7 - Proceeds from disposal of investments Pembelian aktiva tetap (78.148.735) 9a (70.894.337) Purchase of fixed assets Hasil penjualan aktiva tetap 1.006.183 9b 267.814 Proceeds from sale of fixed assets Penerimaan/(penambahan) piutang Collection from/(additions to) jangka panjang 122.258 (188.197) long-term receivables Penambahan uang jaminan dan Additions to guarantee deposits
lain-lain (200) (1.402.178) and others Kas bersih digunakan untuk Net cash used in investing
aktivitas investasi (76.152.375) (67.020.343) activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM FINANCING
PENDANAAN ACTIVITIES
Hasil dari pinjaman bank jangka Proceeds from short-term bank pendek 122.276.750 360.964.500 borrowings Pembayaran pinjaman bank jangka Repayment of short-term bank pendek (213.201.300) (270.322.000) borrowings Pembayaran angsuran pinjaman Repayment of long-term bank bank jangka panjang - (39.507.700) borrowings Kasbersihdiperolehdari/(digunakan Net cash provided by/(used in) untuk) aktivitas pendanaan (90.924.550) 51.134.800 financing activities
PT ASAHIMAS FLAT GLASS Tbk PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Tidak diaudit) NOTES TO THE FINANCIAL STATEMENTS (Unaudited) Periode enam bulan yang berakhir pada Six-month periods ended tanggal-tanggal 30 Juni 2007 dan 2006 June 30, 2007 and 2006 (Disajikan dalam ribuan rupiah, kecuali (Expressed in thousands of rupiah, unless
dinyatakan lain) otherwise stated)
PT ASAHIMAS FLAT GLASS Tbk PT ASAHIMAS FLAT GLASS Tbk
Lihat Laporan Akuntan Independen / See Independent Accountants’ Report 6
LAPORAN ARUS KAS (Tidak diaudit) (lanjutan) STATEMENTS OF CASH FLOWS (Unaudited) (continued) Periode enam bulan yang berakhir pada Six-month periods ended tanggal-tanggal 30 Juni 2007 dan 2006 June 30, 2007 and 2006 (Disajikan dalam ribuan rupiah, kecuali (Expressed in thousands of rupiah, unless
dinyatakan lain) otherwise stated)
Catatan/
2007 Notes 2006
PENURUNAN BERSIH KAS DAN NET DECREASE IN CASH AND
SETARA KAS (1.966.072) (22.642.690) CASH EQUIVALENTS
Pengaruh nilai tukar atas kas dan Effect of exchange rate on cash setara kas 543.676 (986.840) and cash equivalents Kas dan setara kas pada Cash and cash equivalents at awal periode 64.235.086 61.205.717 beginning of period
KAS DAN SETARA KAS PADA CASH AND CASH EQUIVALENTS
AKHIR PERIODE 62.812.690 3 37.576.187 AT END OF PERIOD
Informasi tambahan arus kas: Supplemental cash flow information: Selisih kurs penjabaran laporan Exchange rate differences due to keuangan - 2d,7 (638.266) financial statement translation