16.23016.543
4.256 4.618
2.160 2.836
8.634
2.145 KETERANGAN
NILAI | AMOUNT (RP MILIAR/
RP BIllION)
NAIK (TURUN) UP (DOWN)
NILAI AMOUNT (RP MILIAR/
RP BIllION) DESCRIPTION 2016 2015 NILAI/
AMoUNT % 2014*
Pendapatan 16.230 16.543 (313) -2% 17.202 Revenue
Beban Pokok Pendapatan 11.975 11.925 50 0,4% 11.244 Cost of Revenue
Laba Bruto 4.256 4.618 (362) -8% 5.958 Gross Profit
Beban Usaha 1.771 1.567 204 13% 2.702 Operating Expenses
Laba Usaha 2.485 3.052 (567) -19% 3.256 Operating Profit
Biaya Keuangan 531 112 419 375% 243 Finance Costs
Pendapatan Bunga 45 65 (20) -31% 45 Interest Income
Bagian Rugi Entitas Asosiasi dan
Ventura Bersama 7 2 5 220% 4 Share in Net Earning
of Associates and Joint Venture Keuntungan/(kerugian) lain-lain 168 (168) 335 -200% 533 Others Gain/(loss) Laba Sebelum Pajak Penghasilan 2.160 2.836 (676) -24% 3.587 Profit Before Income Tax
Beban Pajak Penghasilan 618 701 (84) -12% 994 Income Tax Expenses
Penghasilan Komprehensif Lain 7.092 10 7.082 68161% 96 Other comprehensive income
Laba Komprehensif 8.634 2.145 6.488 302% 2.689 Comprehensive Income
EBITDA 3.650 3.486 164 5% 4.234 EBITDA
Dividen Kas per Saham (Rp/lembar) 1.264 314 950 302% 394 Dividend Per Share Jumlah Saham ( Juta lembar) 6.829 6.829 - - 6.829 Number of Shares Issued
IkhtIsar Laba komprehensIf
CompreheNSIve proFIt overvIew
Keterangan: *) Disajikan kembali | Note: *) Restated
perbanDInGan penDapatan Dan Laba
CompArISoN oF INCome ANd proFIt
PENDAPATAN
INCome LABA BRUTO
GroSS proFIt LABA SEBELUM PAJAK PENGHASILAN
proFIt beFore tAx
LABA KOMPREHENSIF CompreheNSIve
proFIt 18,000
16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0
2016 2015
Bila dilihat dari komposisi penjualan, pada 2016 tercatat 66% Urea, 24% Amoniak, 8% penjualan NPK dan 2%
penjualan lain-lain. Komposisi ini berbeda dengan 2015, yaitu 61% Urea, 30% Amoniak, 6% penjualan NPK dan 3% penjualan lain-lain. Komposisi penjualan Urea mengalami peningkatan pada 2016 disebabkan kuantum penjualan ekspor di akhir tahun yang cukup diminati pasar. Komposisi Amoniak 2016 mengalami penurunan disebabkan harga jual internasional di Kuartal III dan IV yang mengalami penurunan signifikan sehingga Perusahaan lebih mengoptimalkan penjualan Urea.
PENdAPAtAN
Pendapatan adalah nilai penjualan pupuk dan non- pupuk yang diterima oleh Perusahaan. Pada 2016, pendapatan Perusahaan tercatat senilai Rp16.230 miliar atau turun 2% dari tahun sebelumnya senilai Rp16.543 miliar.
Pendapatan Perusahaan mengalami penurunan akibat harga internasional Urea dan Amoniak yang di bawah ekspektasi. Harga rata-rata urea 2016 tercatat USD221 per ton sedangkan pada 2015 senilai USD276 per ton atau turun 20%. Harga rata-rata amoniak 2016 tercatat USD310 per ton sedangkan pada 2015 senilai USD408 per ton atau turun 24%. Namun peningkatan volume penjualan urea oleh Perusahaan dapat menahan laju penurunan harga.
On sales composition, in 2016 recorded 66% Urea, 24% Ammonia, 8% NPK sales and 2% for other sales.
This composition differs from 2015 i.e. 61% Urea, 30%
Ammonia, 6% NPK sales and 3% for other sales. The composition of Urea sales has increased in 2016 due to market respond positively to sales of export bids at the end of the year. The Ammonia composition of 2016 decreased due to a significant decrease on the international selling price in the third and fourth quarter which make the Company prioritized in Urea sales.
INCOME
Revenue is the sale value of fertilizer and non-fertilizer received by the Company. In 2016, the Company’s revenue was Rp16,230 billion, down by 2% from the previous year of Rp16,543 billion.
The Company’s revenues was decreased due to the international prices of Urea and Ammonia that went bellow expectation. The average price of urea 2016 was USD221 per ton while in 2015 it was USD276 per ton or decreased by 20%. The average price of ammonia in 2016 was recorded at USD310 per ton while in 2015 was USD408 per ton or decreased by 24%. However, the increasing volume of Urea sales may halt the price decline.
KETERANGAN
HARGA RATA-RATA (USD/ToN)
AvERAGE PRICE NAIK (TURUN) UP (DOWN)
HARGA RATA-RATA (USD/ToN)
AvERAGE PRICE DESCRIPTION
2016 2015 NILAI
AMOUNT % 2014
Amoniak 310 408 (98) -24% 527 Ammonia
Urea Ekspor 221 276 (55) -20% 327 Export Urea
harGa JUaL rata-rata (UsD/ton)
AverAGe SeLLING prICe (USd/toN)
harGa JUaL rata-rata (UsD/ton)
AverAGe SeLLING prICe (USd/toN)
2015 2016
450 400 350 300 250 200 150 100 50 0
Amoniak Ammonia Urea Ekspor Urea Export
221
310 276
408
komposIsI penJUaLan
SALeS CompoSItIoN
komposIsI penDapatan
reveNUe CompoSItIoN
2%
8%
15%
31%
20%
Amoniak | Ammonia Urea Ekspor | Export Urea Urea Domestik Subsidi Domestic Subsidized Urea Urea Domestik Non Subsidi Domestic Non Subsidized Urea NPK
Lain-Lain | Others
24%
3%5%
16%
33%
13%
30%
KETERANGAN
NILAI | AMOUNT (RP MILIAR | RP BIllION)
NAIK (TURUN)
UP (DOWN) KoMPoSISI COMPOSITION
NILAI AMOUNT (RP MILIAR |
RP BIllION) DESCRIPTION
2016 2015 NILAI
AMOUNT % 2016 2015 2014
Amoniak 3.793 4.904 (1.111) -23% 23% 30% 4.502 Ammonia
Urea Ekspor 3.246 2.219 1.026 46% 20% 13% 3.706 Export Urea
Urea Domestik
Subsidi 5.013 5.417 (404) -7% 31% 33% 5.399 Subsidized Domestic
Urea Urea Domestik Non
Subsidi 2.455 2.600 (145) -6% 15% 16% 2.031 Non Subsidized Domestic
Urea
NPK 1.353 920 432 47% 8% 6% 1.104 NPK
Lain-lain 371 483 (112) -23% 2% 3% 460 Others
JUMLAH 16.230 16.543 (313) -2% 100% 100% 17.202 TOTAl
KETERANGAN
NILAI | AMOUNT (RP MILIAR | RP BIllION)
NAIK (TURUN) UP (DOWN)
KoMPoSISI COMPOSITION
%
NILAI AMOUNT (RP MILIAR |
RP BIllION) DESCRIPTION
2016 2015 NILAI
AMOUNT % 2016 2015 2014
Amoniak Ammonia
Amoniak Domestik 399 476 (77) -16% 9% 12% 380 Ammonia : Domestic
Amoniak Ekspor 523 491 32 7% 12% 12% 344 Ammonia : Export
Total Amoniak 922 967 (45) -5% 20% 24% 724 Ammonia Total
Urea Urea
Urea Domestik
Subsidi 1.433 1.483 (50) -3% 32% 36% 1.524 Subsidized Domestic
Urea Urea Domestik Non
Subsidi 790 764 26 3% 18% 19% 562 Non Subsidized Domestic
Urea
Urea Ekspor 1.155 715 440 62% 26% 18% 956 Export Urea
Total Urea 3.378 2.962 416 14% 75% 73% 3.042 Urea Total
NPK 210 155 55 35% 5% 4% 210 NPK
JUMLAH 4.510 4.084 426 10% 100% 100% 3.976 TOTAl
2016 2015
PENJUALAN AMoNIAK
Penjualan amoniak 2016 tercatat Rp3.911 miliar atau turun 20% dari tahun sebelumnya senilai Rp4.904 miliar. Kondisi ini dipengaruhi oleh kombinasi
turunnya harga jual Amoniak dan Perusahaan memilih untuk mengurangi penjualan Amoniak. Pada 2016, Perusahaan berhasil menjual 922 ribu ton Amoniak, lebih rendah 5% dibanding 2015 yang mencapai 967 ribu ton. Harga jual rata-rata Amoniak 2016 adalah USD310 per ton, lebih rendah 24% dibanding harga rata-rata 2015 senilai USD408 per ton.
Komposisi volume penjualan amoniak 2016 sektor domestik berkontribusi 43% dan ekspor sebesar 57%. Adapun pada 2015, komposisi penjualan sektor domestik menyumbang 49% dan ekspor sebesar 51%. Komposisi Amoniak ekspor 2016 mengalami peningkatan dipengaruhi oleh penetrasi penjualan melalui PT Mitsui sesuai off-take agreement.
PENJUALAN UREA
Penjualan urea 2016 (termasuk pendapatan subsidi) tercatat Rp10.713 miliar atau naik 5% dari tahun sebelumnya senilai Rp10.236 miliar. Kuantum penjualan urea 2016 tercatat 3,4 juta ton atau naik 14% dari tahun sebelumnya sebesar 3,0 juta ton. Kondisi ini terutama dipengaruhi kenaikan penjualan Urea ekspor sebesar 62% atau 440 ribu ton. Di sisi lain, harga Urea mengalami penurunan 20%, yaitu pada 2016 tercatat USD221 per ton dari 2015 senilai USD276 per ton. Namun penurunan harga dapat diimbangi oleh kenaikan kuantum penjualan sehingga secara total nilai penjualan Urea 2016 lebih tinggi dari tahun sebelumnya.
AMMONIA SAlES
Ammonia sales of 2016 stood at Rp 3.911 billion, decreased by 20% from the previous year amounting to Rp 4,904 billion. The decline in sales is influenced by a combination of declining ammonia selling price and the Company decision to decrease Ammonia sales. In 2016, the Company sold 922 thousand tons of Ammonia, 5%
lower than 2015 which reached 967 thousand tons. The average selling price of Ammonia 2016 is USD310 per ton, 24% lower than the average price of 2015 recorded at USD408 per ton.
The composition of Ammonia sales volume of 2016 contributed 43% in the domestic sector and exports by 57%. In 2015, the composition of domestic sales accounted for 49% and exports by 51%. The composition of Ammonia export 2016 has increased due to penetration of Ammonia export sales through PT Mitsui.
UREA SAlES
Urea Sales of 2016 (including subsidy income) was recorded at Rp10,713 billion, increased 5% from the previous year amounting to Rp10,236 billion. Urea sales quantum of 2016 was 3.4 million tons, increased 14%
from the previous year at 3.0 million tons. The increase is mainly influenced by the rise of Urea export sales by 62% or 440 thousand tons. On the other hand, the price of Urea has decreased 20% i.e. in 2016 was recorded USD221 per ton from 2015 amounted to USD276 per ton. However, the decline in price can be offset by the increase in quantum sales hence the total value of 2016 sales is higher than the previous year.
KETERANGAN
NILAI | AMOUNT (RP MILIAR | RP BIllION)
NAIK (TURUN)
UP (DOWN) KoMPoSISI COMPOSITION
NILAI | AMOUNT (RP MILIAR |
RP BIllION) DESCRIPTION
2016 2015 NILAI
AMOUNT % 2016 2015 2014
Kuantum Penjualan Sales Qty
Amoniak Domestik 399 476 (77) -16% 43% 49% 380 Ammonia : Domestic
Amoniak Ekspor 523 491 32 7% 57% 51% 344 Ammonia : Export
Total Amoniak 922 967 (45) -5% 100% 100% 724 Ammonia Total
Harga Amoniak (USD/
Ton) 310 408 (98) -24% - - 527 Ammonia Price (USD/Ton)
KETERANGAN
NILAI | AMOUNT (RP MILIAR | RP BIllION)
NAIK (TURUN)
UP (DOWN) KoMPoSISI COMPOSITION
NILAI | AMOUNT (RP MILIAR |
RP BIllION) DESCRIPTION
2016 2015 NILAI
AMOUNT % 2016 2015 2014
Amoniak 3.793 4.904 (1.111) -23% 23% 30% 4.502 Ammonia
Apabila dilihat dari komposisi penjualan total urea, pada 2016 kontribusi Urea subsidi 47%, Urea domestik non subsidi 23% dan Urea ekspor 30%. Hal ini berbeda dengan komposisi penjualan total Urea 2015, yaitu kontribusi Urea subsidi 53%, Urea domestik non subsidi 25% dan Urea ekspor 22%. Perubahan komposisi ini terutama dipengaruhi kenaikan penjualan Urea ekspor senilai Rp1.026 miliar atau 46% dari tahun sebelumnya.
Urea Ekspor
Nilai penjualan Urea ekspor 2016 tercatat Rp3.246 miliar. Jika dibandingkan dengan 2015, nilai penjualan Urea ekspor mengalami kenaikan senilai Rp1.026 miliar atau 46%. Kontribusi Urea ekspor pada total penjualan Urea 2016 mencapai 30%, lebih tinggi 8% dibandingkan 2015 sebesar 22%.
Volume penjualan Urea ekspor 2016 tercatat 1.155 ribu ton, mengalami kenaikan sebesar 62% dibandingkan dengan 2015 sebesar 715 ribu ton.
Urea Export
Urea export sales in 2016 was recorded at Rp3,246 billion. When compared to 2015, the value of Urea export sales increased by Rp1,026 billion or 46%. The contribution of Urea exports to total sales of urea 2016 reached 30%, 8% higher than 2015 that reached 22%.
The sales volume of Urea export in 2016 was recorded at 1,155 thousand tons, an increase of 62% compared to 2015 at 715 thousand tons.
Being viewed from the composition of Urea total sales value, in 2016 subsidized urea contribution is 47%, non-subsidized domestic urea 23% and urea export 30%. This figure contrast to the total sales composition of urea in 2015, i.e. subsidized Urea contribution 53%, non-subsidized domestic Urea 25% and 22%
for Urea export. This change in composition was mainly influenced by the increase of Urea export sales amounted Rp1,026 billion or 46% compared to the previous year.
KETERANGAN
NILAI | AMOUNT (RP MILIAR | RP BIllION)
NAIK (TURUN)
UP (DOWN) KoMPoSISI COMPOSITION
NILAI AMOUNT (RP MILIAR |
RP BIllION) DESCRIPTION
2016 2015 NILAI
AMOUNT % 2016 2015 2014
Domestik Domestic
Domestik : Subsidi 5.013 5.417 (404) -7% 47% 53% 5.399 Subsidized Domestic Urea Domestik : Non
Subsidi 2.455 2.600 (145) -6% 23% 25% 2.031 Non Subsidized
Domestic Urea
Ekspor 3.246 2.219 1.026 46% 30% 22% 3.706 Export
JUMLAH 10.714 10.236 478 5% 100% 100% 11.136 TOTAl
KETERANGAN
NILAI | AMOUNT (RP MILIAR | RP BIllION)
NAIK (TURUN)
UP (DOWN) KoMPoSISI COMPOSITION
NILAI AMOUNT (RP MILIAR |
RP BIllION) DESCRIPTION
2016 2015 NILAI
AMOUNT % 2016 2015 2014
Kuantum Penjualan Sales Qty
Urea Domestik
Subsidi 1.433 1.483 (50) -3% 42% 50% 1.524 Subsidized Domestic
Urea Urea Domestik Non
Subsidi 790 764 26 3% 23% 26% 562 Non Subsidized
Domestic Urea
Urea Ekspor 1.155 715 440 62% 34% 24% 956 Export Urea
ToTAL Urea 3.378 2.962 416 14% 100% 100% 3.042 Urea TOTAl
Harga Urea (USD/Ton) 221 276 (55) -20% - - 327 Urea Price (USD/Ton)
Urea domestik Subsidi
Nilai penjualan Urea sektor subsidi 2016 senilai Rp5.013 miliar, nilai ini lebih rendah Rp404 miliar dibandingkan 2015 atau turun 7%. Selama 2016, Perusahaan mencatat volume penjualan produk Urea bersubsidi sebesar 1.433 ribu ton, turun sebesar 50 ribu ton atau 3% dari kuantum 2015 sebesar 1.483 ribu ton.
Pendapatan Urea subsidi berkontribusi sebesar 47%
terhadap total pendapatan Urea 2016, atau 6% lebih rendah dibandingkan 2015 sebesar 53%.
Urea domestik Non Subsidi
Nilai penjualan urea domestik non subsidi selama 2016 senilai Rp2.455 miliar atau mengalami penurunan Rp145 miliar atau 6% dari tahun sebelumnya. Kontribusi Urea domestik non subsidi mencapai 23% dari total penjualan Urea 2016, turun 2% dibanding tahun sebelumnya sebesar 25%.
Volume penjualan Urea domestik non subsidi 2016 mencapai 790 ribu ton atau mengalami kenaikan 26 ribu ton atau 3% dari 2015 sebesar 764 ribu ton. Kenaikan penjualan terutama berasal dari penetrasi penjualan ke perkebunan di Sumatera dan Kalimantan.
PENJUALAN NPK
Nilai penjualan NPK pada 2016 (termasuk pendapatan subsidi) tercatat Rp1.353 miliar atau naik senilai Rp432 miliar atau 47% dari 2015 senilai Rp920 miliar.
Komposisi nilai penjualan NPK 2016 adalah 8% dari total penjualan atau mengalami kenaikan 2% dari tahun sebelumnya yang berkontribusi sebesar 6%. Dari sisi kuantum penjualan, pada 2016 mencapai 210 ribu ton atau naik 35% dari tahun sebelumnya sebesar 155 ribu ton.
PENJUALAN LAIN-LAIN
Nilai penjualan lain-lain 2016 mencapai Rp371 miliar atau turun 23% dari tahun sebelumnya senilai Rp483 miliar. Penjualan lain-lain menyumbang 2% dari total pendapatan 2016 atau turun 1% dari 2015 yang mencapai 3%. Penjualan Lain-Lain meliputi penjualan utilitas pabrik dan jasa pelayanan pabrik, juga penjualan lahan, properti, material dan jasa keamanan yang dilakukan Anak Perusahaan.
BEBAN POKOK PENjUALAN
Beban pokok penjualan merupakan seluruh biaya yang terjadi pada proses produksi bahan baku menjadi produk jadi. Pada 2016 tercatat senilai Rp11.975 miliar atau naik Rp50 miliar dibanding periode sebelumnya senilai Rp11.925 miliar. Hal ini terutama disebabkan volume penjualan Urea dan Pupuk NPK masing-masing naik sebesar 14% dan 35%.
Subsidized Domestic Urea
The subsidized urea sales in 2016 amounted to Rp5,013 billion, this value is lower Rp404 billion compared to 2015 or down by 7%. During 2016, the Company recorded sales volume of subsidized urea amounted 1,433 million tons, decreased by 50 thousand tons or 3% of quantum 2015 by 1,483 million tons. Subsidized Urea revenues contributed 47% to total 2016 Urea revenues, or 6% lower than 2015 by 53%.
Non-Subsidized Domestic Urea
Total non-subsidized domestic urea sales during 2016 amounted to Rp2,455 billion or decreased by Rp145 billion or 6% from the previous year. Non-subsidized domestic Urea contribution reached 23% of total 2016 Urea sales, down 2% over the previous year by 25%.
Non-subsidized domestic Urea sales volume in 2016 reached 790 thousand tons, an increase of 26 thousand tons or 3% from 2015 at 764 thousand tons. The increase in sales came mainly from sales penetration to plantations in Sumatra and Kalimantan.
NPK SAlES
NPK sales in 2016 (including subsidy income) was Rp1,353 billion or increased by Rp432 billion or 47%
from 2015 amounting to Rp920 billion. The composition of sales value of NPK 2016 is 8% of total sales, or increased 2% from the previous year which contributed 6%. In terms of quantum sales, in 2016 reached 210 thousand tons or increased 35% from the previous year amounted to 155 thousand tons.
OTHER SAlES
Other sales in 2016 reached Rp371 billion, or decreased 23% from the previous year amounting to Rp483 billion.
Other sales accounted for 2% of total revenues in 2016, or down 1% from 2015 that reached 3%. Other sales include the sale of factory utilities, plant service, land, property, materials and security services managed by the Company’s subsidiaries.
COST OF SALES
Cost of sales is all costs incurred in the process of production of raw materials into finished products. In 2016, it stood at Rp11,975 billion, increased by Rp50 billion from Rp11,925 billion in the previous period.
This is mainly due to the sales volume of Urea and NPK Fertilizer which respectively rose by 14% and 35%.
LABA BRUtO dAN MARjIN BRUtO
Laba bruto adalah saldo pendapatan dikurangi beban pokok pendapatan. Pada 2016 tercatat Rp4.256 miliar atau turun 8% dari tahun sebelumnya senilai Rp4.618 miliar. Hal ini dipengaruhi kombinasi dari penurunan penjualan 2% dan sedikit kenaikan beban pokok pendapatan 0,4%. Hal ini berdampak pada rasio marjin bruto 2016 tercatat sebesar 26,2% atau lebih rendah 1,7% dibandingkan tahun sebelumnya sebesar 27,9%.
BEBAN USAHA
Beban usaha terdiri dari beban administrasi dan umum dan beban penjualan. Beban usaha 2016 tercatat Rp1.771 miliar atau naik 13% dari tahun sebelumnya senilai Rp1.567 miliar. Hal ini terutama dipengaruhi kenaikan beban penjualan yang lebih tinggi dari penurunan biaya administrasi dan umum.
Beban penjualan naik 66%, yaitu pada 2016 dan 2015 masing-masing tercatat Rp779 miliar dan Rp470 miliar.
Di sisi lain, biaya administrasi dan umum mengalami penurunan 10%, yaitu 2016 tercatat Rp992 miliar sedangkan 2015 sebesar Rp1.097 miliar.
BEBAN PENjUALAN
Beban Penjualan adalah biaya usaha yang terjadi dalam proses pemasaran dan distribusi produk jadi. Beban penjualan 2016 tercatat Rp779 miliar atau naik 66%
dari tahun sebelumnya senilai Rp470 miliar. Kenaikan biaya penjualan terutama berasal dan pos distribusi dan bongkar muat serta sewa gudang dan sarana lain, masing-masing tercatat naik Rp136 miliar dan Rp123 miliar. Biaya distribusi dan bongkar muat berhubungan dengan aktivitas pengapalan dan pengangkutan melalui ekspedisi darat dan laut yang berbanding lurus dengan kenaikan penjualan. Sewa gudang berhubungan dengan pembukaan pergudangan baru di wilayah Sumatera dan Kalimantan.
SELLING ExPENSES
Selling expenses are operating expenses incurred in the process of marketing and distribution of finished products. Selling expense in 2016 was Rp779 billion, increased 66% from the previous year’s of Rp470 billion.
The increase of selling cost came from distribution and loading-unloading as well as leased warehouse and other facilities, each at Rp136 billion and Rp123 billion respectively. Distribution and loading-unloading costs relate to shipping and transport activities through land and sea expedition that is directly related to sales increase. Rental warehouses relate to the opening of new warehouses in Sumatra and Kalimantan areas.
GROSS PROFIT AND GROSS MARGIN
Gross profit is the balance of income minus cost of revenue. In 2016 it was recorded at Rp4,256 billion or down 8% from the previous year that amounted to Rp4,618 billion. This is influenced by 2% decrease in sales higher than the increase in cost of revenue by 0.4%. This resulted in 26.2% gross profit margin or 1.7%
lower than the previous year’s figure of 27.9%.
OPERATING ExPENSES
Operating expenses consist of general and administrative expenses and selling expenses.
Operating expenses in 2016 reached Rp1,771 billion, up 13% from Rp1,567 billion on the previous year.
This is mainly influenced by selling expenses which is higher than the decrease of general and administrative cost. Selling expenses rose by 66%, in 2016 and 2015 respectively recorded Rp779 billion and Rp470 billion. On the other hand, general and administrative expenses decreased by 10%, in 2016 was Rp992 billion while 2015 was Rp1,097 billion.
KETERANGAN
NILAI | AMOUNT (RP MILIAR | RP BIllION)
NAIK (TURUN)
UP (DOWN) KoMPoSISI COMPOSITION
NILAI AMOUNT (RP MILIAR |
RP BIllION) DESCRIPTION
2016 2015 NILAI
AMOUNT % 2016 2015 2014*
Beban Penjualan 779 470 309 66% 44% 30% 1.115 Selling Expenses
Beban Administrasi
dan Umum 992 1.097 (105) -10% 56% 70% 1.586 General & Administrative
Expenses
JUMLAH 1.771 1.567 204 13% 100% 100% 2.702 TOTAl
beban Usaha
operAtING expeNSeS
Keterangan: *) Disajikan kembali | Note: *) Restated
BEBAN AdMINIStRASI dAN UMUM
Beban administrasi dan umum adalah biaya usaha di luar aktivitas produksi dan pemasaran produk. Pada 2016 tercatat Rp992 miliar atau turun 10% dari tahun sebelumnya senilai Rp1.097 miliar. Hal ini terutama dipengaruhi oleh penurunan pos gaji, upah dan kesejahteraan karyawan senilai Rp134 miliar, yaitu pada 2016 tercatat Rp389 miliar sedangkan 2015 senilai Rp523 miliar. Kondisi tersebut disebabkan jumlah karyawan aktif mengalami penurunan 11%, yaitu pada 2016 tercatat 2.147 orang sedangkan 2015 sebesar 2.375 orang.
GENERAL AND ADMINISTRATIVE ExPENSES General and administrative expenses are operating expenses beyond production activities and marketing.
In 2016 recorded at Rp992 billion or down by 10%
from the previous year of Rp1,097 billion. This is mainly influenced by the decrease of salaries, wages and employee welfare amounting to Rp134 billion, i.e. in 2016 recorded Rp389 billion, while 2015 amounted to Rp523 billion. The condition is caused by the decreased in number of employees by 11%, i.e. in 2016 recorded 2,147 people while 2015 was 2,375 people.
KETERANGAN
NILAI | AMOUNT (RP MILIAR | RP BIllION)
NAIK (TURUN)
UP (DOWN) KoMPoSISI COMPOSITION
NILAI AMOUNT (RP MILIAR |
RP BIllION) DESCRIPTION
2016 2015 NILAI
AMOUNT % 2016 2015 2014*
Distribusi dan
bongkar muat 427 291 136 47% 55% 62% 943 Distribution and
loading-unloading
Sewa 134 10 123 1192% 17% 2% 8 Rental
Gaji, upah dan kesejahteraan
karyawan 128 84 44 52% 16% 18% 86 Salaries, wages and
employees welfare
Asuransi 24 - 24 100% 3% 0% - Insurance
Perjalanan dinas 15 23 (7) -33% 2% 5% 17 Business travelling
Penyusutan 10 8 2 18% 1% 2% 9 Depreciation
Pemeliharaan 9 4 6 161% 1% 1% 3 Maintenance
Pameran dan Promosi 7 19 (12) -65% 1% 4% 20 Exhibition and promotion
Lain-lain 25 31 (6) -20% 3% 7% 29 Others
JUMLAH 779 470 309 66% 100% 100% 1.115 TOTAl
beban penJUaLan
SeLLING expeNSeS
Keterangan: *) Disajikan kembali | Note: *) Restated
LABA USAHA
Laba usaha adalah laba bruto dikurangi beban usaha.
Pada 2016 tercatat Rp2.485 miliar atau turun 19%
dari tahun sebelumnya senilai Rp3.052 miliar. Hal ini disebabkan laba bruto lebih rendah 8% dan beban usaha lebih tinggi 13%. Hal ini berdampak pada marjin usaha 2016 tercatat 15,3% atau turun 3,1% dari tahun sebelumnya sebesar 18,4%.
OPERATING PROFIT
Operating profit is the balance of gross profit minus expense. In 2016, it was recorded at Rp2,485 billion, down by 19% from Rp3,052 billion in the previous year. This is due to 8% decrease in gross profit and an increase in operating expenses by 13%. This resulted in 15.3% of 2016 operating margin, down by 3.1% from the previous year at 18.4%.
KETERANGAN
NILAI | AMOUNT (RP MILIAR | RP BIllION)
NAIK (TURUN)
UP (DOWN) KoMPoSISI COMPOSITION
NILAI AMOUNT (RP MILIAR |
RP BIllION) DESCRIPTION
2016 2015 NILAI
AMOUNT % 2016 2015 2014*
Gaji, upah dan kesejahteraan
karyawan 389 523 (134) -26% 39% 48% 757 Salaries, wages and
employees welfare
Jasa 86 120 (33) -28% 9% 11% 70 Services
Penyusutan 79 92 (12) -13% 8% 8% 83 Depreciation
Pajak dan kontribusi 76 23 53 232% 8% 2% 25 Taxes and contributions
Sewa 50 103 (54) -52% 5% 9% 94 Rentals
Pembinaan wilayah 49 16 32 199% 5% 1% 15 Enviromental
development Pemeliharaan dan
perbaikan 39 39 0 0% 4% 4% 40 Repairs and maintenance
Perjalanan dinas 16 15 0 2% 2% 1% 34 Business travelling
Pendidikan dan
pelatihan 11 31 (21) -66% 1% 3% 19 Training and education
Penelitian dan
peyuluhan 5 20 (14) -74% 1% 2% - Research and conseling
Lain-Lain 193 115 78 68% 19% 10% 449 Others
JUMLAH 992 1.097 (105) -10% 100% 100% 1.586 TOTAl
beban aDmInIstrasI Dan UmUm
GeNerAL ANd AdmINIStrAtIve expeNSeS
Keterangan: *) Disajikan kembali | Note: *) Restated
PENdAPAtAN dAN BEBAN LAIN-LAIN
Pos pendapatan dan beban lain-lain terdiri dari biaya keuangan, bagian rugi dari entitas asosiasi dan ventura serta pendapatan/beban lain-lain dari keuntungan/
kerugian kurs tukar. Beban lain-lain 2016 tercatat Rp325 miliar atau naik 50% dari tahun sebelumnya. Hal ini dipengaruhi kenaikan biaya keuangan dan bagian rugi dari entitas asosiasi.
Biaya keuangan 2016 meningkat senilai Rp419 miliar atau 375% dari 2015 senilai Rp112 miliar. Hal ini disebabkan kenaikan bunga pinjaman yang menjadi beban pada 2016.
Bagian rugi entitas asosiasi dan ventura bersama 2016 tercatat Rp7 miliar atau naik 220% dari tahun sebelumnya senilai Rp2 miliar. Hal ini terutama berasal dari kontribusi rugi bersih PT Kaltim Jordan Abadi senilai Rp3,3 miliar dan PT Kalimantan Agro Nusantara senilai Rp1,6 miliar.
Laba Usaha Dan LaIn-LaIn
operAtING proFIt ANd otherS
KETERANGAN DESCRIPTION
NILAI | AMOUNT
(RP MILIAR | BIllION) NAIK (TURUN) UP (DOWN)
NILAI | AMOUNT (RP MILIAR | RP BIllION)
2016 2015 NILAI % 2014*
Laba Bruto | Gross Profit 4.256 4.618 (362) -8% 5.958
Laba Usaha | Operating Profit 2.485 3.052 (567) -19% 3.256
Laba Sebelum Pajak Penghasilan
Profit before Income Tax 2.160 2.836 (676) -24% 3.587
Beban Pajak Penghasilan | Income Tax Expense 618 701 (84) -12% 994
Laba Komprehensif Tahun Berjalan
Comprehensive Income For The Year 8.634 2.145 6.488 302% 2.689
Laba Komprehensif Diatribusikan kepada Pemilik Entitas Induk
Comprehensive Profit Attributed to Owner of Parent Entity
8.634 2.120 6.514 307% 2.669
Laba Komprehensif diatribusikan kepada Kepentingan Non Pengendali
Comprehensive Profit Attributed to Non-Controlling Interest
0 25 (24) -99% 21
Marjin Bruto | Gross Margin 26,2% 27,9% -1,7% -1,7% 34,6%
Marjin Usaha | Operating Margin 15,3% 18,4% -3,1% -3,1% 18,9%
Marjin Bersih | Net Profit Margin 53,2% 13,0% 40,2% 40,2% 15,6%
Pendapatan | Revenues 16.230 16.543 (313) -2% 17.202
Keterangan: *) Disajikan kembali | Note: *) Restated
OTHER INCOME AND ExPENSES
Other income and expense account consist of finance costs, the share of net loss of associates and joint ventures and other income/expenses of exchange rate gains/losses. Other expenses in 2016 was Rp325 billion, increased by 50% from the previous year. This is influenced by the increase in the finance cost and the share of net loss of the associates entity.
Finance cost in 2016 increased by Rp419 billion or 375% from 2015 amounting to Rp112 billion. This is due to the increase in loan interest to be expense in 2016.
Share in net loss of associates and joint ventures in 2016 was Rp7 billion or up 220% from the previous year amounting to Rp2 billion. This is mainly contributed by net loss of PT Kaltim Jordan Abadi Rp3.3 billion and PT Kalimantan Agro Nusantara Rp1.6 billion.