PT.

GAJAH TUNGGAL Tbk

DAN ENTITAS ANAK/AND ITS SUBSIDIARIES
LAPORAN KEUANGAN KONSOLIDASIAN
DAN INFORMASI TAMBAHAN/
CONSOLIDATED FINANCIAL STATEMENTS
AND SUPPLEMENTARY INFORMATION

PADA 30 SEPTEMBER 2017 DAN 31 DESEMBER 2016

SERTA UNTUK PERIODE YANG BERAKHIR 30 SEPTEMBER
2017 DAN 2016/
AS OF SEPTEMBER 30, 2017 AND DECEMBER 31, 2016
AND FOR THE NINE-MONTHS PERIODS ENDED
SEPTEMBER 30, 2017 AND 2016
PT. GAJAH TUNGGAL Tbk DAN ENTITAS ANAK PT. GAJAH TUNGGAL Tbk AND ITS SUBSIDIARY
DAFTAR ISI TABLE OF CONTENTS

Halaman/
Page

SURAT PERNYATAAN DIREKSI DIRECTORS STATEMENT LETTER

LAPORAN KEUANGAN KONSOLIDASIAN - CONSOLIDATED FINANCIAL STATEMENTS -

Pada tanggal 30 September 2017 dan 2016 As of September 30, 2017 and 2016 and
serta untuk periode yang berakhir pada tanggal for the periods then ended
tersebut

Laporan Posisi Keuangan Konsolidasian 1 Consolidated Statements of Financial Position

Laporan Laba Rugi dan Penghasilan Komprehensif 3 Consolidated Statements of Profit or Loss and
Lain Konsolidasian Other Comprehensive Income

Laporan Perubahan Ekuitas Konsolidasian 4 Consolidated Statements of Changes in Equity

Laporan Arus Kas Konsolidasian 5 Consolidated Statements of Cash Flows

Catatan Atas Laporan Keuangan Konsolidasian 6 Notes to Consolidated Financial Statements

PT. GAJAH TUNGGAL Tbk DAN ENTITAS ANAK PT. GAJAH TUNGGAL Tbk AND ITS SUBSIDIARY
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
30 SEPTEMBER 2017 DAN 31 DESEMBER 2016 SEPTEMBER 30, 2017 AND DECEMBER 31, 2016

30 September/ 31 Desember/
Catatan/ September 30, December 31,
Notes 2017 2016
Rp'Juta/ Rp'Juta/
Rp'Million Rp'Million
ASET ASSETS

ASET LANCAR CURRENT ASSETS

Kas dan setara kas 5 612,656 755,545 Cash and cash equivalents
Aset keuangan lainnya - lancar 6 191,317 370,941 Other financial assets - current
Piutang usaha 7 Trade accounts receivable
Pihak berelasi 37 1,610,339 1,383,485 Related parties
Pihak ketiga 1,918,942 1,752,761 Third parties
Piutang lain-lain Other accounts receivable
Pihak berelasi 8,37 275,778 250,894 Related parties
Pihak ketiga 471,057 387,613 Third parties
Persediaan 9 2,525,892 2,280,868 Inventories
Uang muka 131,976 71,605 Advances
Pajak dibayar dimuka 10 130,534 211,543 Prepaid taxes
Biaya dibayar dimuka 66,325 51,897 Prepaid expenses

Jumlah Aset Lancar 7,934,816 7,517,152 Total Current Assets

ASET TIDAK LANCAR NON-CURRENT ASSETS

Piutang lain-lain kepada pihak Other accounts receivable from
berelasi 8,37 648,456 648,456 a related party
Aset pajak tangguhan 35 353,134 261,753 Deferred tax assets
Investasi pada entitas asosiasi 11 828,991 843,075 Investment in associate
Aset keuangan tidak lancar lainnya 12 37,610 33,793 Other non-current financial assets
Properti investasi - bersih 13 158,634 160,797 Investment properties - net
Aset tetap - setelah dikurangi Property, plant and equipment - net of
akumulasi penyusutan sebesar accumulated depreciation of
Rp 7.379.451 juta tahun 2017 Rp 7,379,451 million in 2017
Rp 6.830.114 juta tahun 2016 14 8,944,928 9,130,997 Rp 6,830,114 million in 2016

Aset lain-lain 82,123 101,756 Other assets

Jumlah Aset Tidak Lancar 11,053,876 11,180,627 Total Non-current Assets

JUMLAH ASET 18,988,692 18,697,779 TOTAL ASSETS

Lihat catatan atas laporan keuangan konsolidasian yang merupakan See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian. which are an integral part of the consolidated financial statements.

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PT. GAJAH TUNGGAL Tbk DAN ENTITAS ANAK PT. GAJAH TUNGGAL Tbk AND ITS SUBSIDIARY
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
30 SEPTEMBER 2017 DAN 31 DESEMBER 2016 SEPTEMBER 30, 2017 AND DECEMBER 31, 2016

30 September/ 31 Desember/
Catatan/ September 30, December 31,
Notes 2017 2016
Rp'Juta/ Rp'Juta/
Rp'Million Rp'Million
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY

LIABILITAS JANGKA PENDEK CURRENT LIABILITIES

Utang bank 15 1,025,587 553,143 Bank loans
Utang usaha 16 Trade accounts payable
Pihak berelasi 37 246,814 375,765 Related parties
Pihak ketiga 1,601,247 1,338,975 Third parties
Utang lain-lain Other accounts payable
Pihak berelasi 8 256,374 127,058 Related parties
Pihak ketiga 229,930 223,787 Third parties
Utang pajak 17 67,573 211,171 Taxes payable
Utang dividen 2,563 2,498 Dividends payable
Biaya yang masih harus dibayar dan Accrued expenses and
liabilitas lainnya 18 501,527 593,570 other liability
Uang muka penjualan 6,419 11,170 Sales advances
Jaminan penyalur 19 831,808 849,339 Dealers' guarantee
Utang jangka panjang yang jatuh tempo Current maturities of
dalam satu tahun
Pinjaman sindikasi 21 336,752 - Syndicated loan
Utang sewa pembiayaan 22 60,548 57,329 finance lease obligation

Jumlah Liabilitas Jangka Pendek 5,167,142 4,343,805 Total Current Liabilities

LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES

Utang obligasi 20 3,352,500 6,703,808 Bonds payable
Liabilitas jangka panjang setelah dikurangi Long-term finance lease obligation -
bagian yang jatuh tempo dalam satu tahun net of current maturities
Pinjaman sindikasi 21 2,836,035 - Syndicated loan
Utang sewa pembiayaan 22 90,232 129,306 finance lease obligation
Liabilitas imbalan pasca kerja 23 2,025,873 1,672,683 Post-employment benefits obligations

Jumlah Liabilitas Jangka Panjang 8,304,640 8,505,797 Total Non-current Liabilities

Jumlah Liabilitas 13,471,782 12,849,602 Total Liabilities

EKUITAS EQUITY
Modal saham - nilai nominal Rp 500 per saham Capital stock - Rp 500 par value per share
Modal dasar - 12.000.000.000 saham Authorized - 12,000,000,000 shares
Modal ditempatkan dan disetor - Subscribed and paid-up -
3.484.800.000 saham 24 1,742,400 1,742,400 3,484,800,000 shares
Tambahan modal disetor 25 (502,515) (502,515) Additional paid-in capital
Penghasilan komprehensif lain 26 215,471 388,628 Other comprehensive income
Saldo laba Retained earnings
Ditentukan penggunaannya 28 65,000 60,000 Appropriated
Tidak ditentukan penggunaannya 3,997,055 4,160,165 Unappropriated

Jumlah 5,517,411 5,848,678 Total

Dikurangi biaya perolehan saham Less cost of treasury stocks -

diperoleh kembali - 391.400 saham 27 (501) (501) 391,400 shares

Jumlah Ekuitas 5,516,910 5,848,177 Total Equity

JUMLAH LIABILITAS DAN EKUITAS 18,988,692 18,697,779 TOTAL LIABILITIES AND EQUITY

Lihat catatan atas laporan keuangan konsolidasian yang merupakan See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian. which are an integral part of the consolidated financial statements.

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PT. GAJAH TUNGGAL Tbk DAN ENTITAS ANAK PT. GAJAH TUNGGAL Tbk
LAPORAN LABA RUGI DAN PENGHASILAN STATEMENTS OF PROFIT OR LOSS AND
KOMPREHENSIF LAIN KONSOLIDASIAN OTHER COMPREHENSIVE INCOME
UNTUK PERIODE SEMBILAN BULAN YANG BERAKHIR FOR THE NINE-MONTHS PERIODS ENDED
30 SEPTEMBER 2017 DAN 2016 SEPTEMBER 30, 2017 AND 2016

Sembilan bulan Sembilan bulan/

Catatan/ Nine Months Nine months
Notes 2017 2016
Rp'Juta/ Rp'Juta/
Rp'Million Rp'Million

PENJUALAN BERSIH 29,37 10,806,078 10,161,239 NET SALES

BEBAN POKOK PENJUALAN 30,37 8,989,013 7,735,435 COST OF SALES

LABA KOTOR 1,817,065 2,425,804 GROSS PROFIT

Beban penjualan 31 (687,585) (745,343) Selling expenses

Beban umum dan administrasi 32 (479,638) (451,289) General and administrative expenses
Beban keuangan 33 (852,936) (561,000) Finance cost
Kerugian atas penarikan produk 18 (169,471) (230,925) Losses on product recall
Keuntungan (kerugian) kurs mata uang asing - bersih 40 (25,450) 359,488 Gain (loss) on foreign exchange - net
Bagian rugi bersih entitas asosiasi 11 (18,856) (99,149) Equity in net loss of associate
Penghasilan bunga 59,753 45,865 Interest income
Keuntungan dan kerugian lain-lain 34 227,676 40,977 Other gains and losses

LABA SEBELUM PAJAK (129,442) 784,428 PROFIT BEFORE TAX

BEBAN PAJAK - BERSIH 35 (11,246) (201,488) TAX EXPENSE - NET

LABA BERSIH PERIODE BERJALAN (140,688) 582,940 NET PROFIT FOR THE PERIOD

PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME

Pos-pos yang tidak akan direklasifikasi ke laba rugi : Items that will not be reclassified subsequently
to profit or loss:
Perubahan ekuitas asosiasi Change in equity of associate
karena kuasi reorganisasi due to quasi reorganization
Pengukuran kembali atas program Remeasurement of defined benefit
imbalan pasti 23 (167,421) (174,853) obligation
Penghasilan komprehensif lain Share in other comprehensive
atas entitas asosiasi 11,26 (23,056) (3,820) income of associate
Pos-pos yang akan direklasifikasi Items that may be reclassified subsequently
ke laba-rugi : to profit or loss:
Selisih kurs karena penjabaran Foreign currency translation adjustment
laporan keuangan entitas anak 26 848 (6,311) of the subsidiary
Keuntungan nilai wajar bersih atas aset Net fair value gain on available-for-sale
keuangan tersedia untuk dijual 6,12,26 (11,356) 14,462 financial assets
Penghasilan komprehensif lain Share in other comprehensive
atas entitas asosiasi 11,26 27,828 (52,459) income of associate

Jumlah penghasilan komprehensif lain Total other comprehensive income for

periode berjalan setelah pajak (173,157) (222,981) the current period, net of tax

JUMLAH LABA KOMPREHENSIF TOTAL COMPREHENSIVE INCOME

PERIODE BERJALAN (313,845) 359,959 FOR THE PERIOD

LABA YANG DAPAT DIATRIBUSIKAN

KEPADA PROFIT ATRTIBUTABLE TO:
Pemilik Entitas Induk (140,688) 582,940 Owners of the Company
Kepentingan Nonpengendali - - Non-controlling interest

Laba Bersih Periode Berjalan (140,688) 582,940 Net Profit for the Period

JUMLAH LABA KOMPREHENSIF YANG TOTAL COMPREHENSIVE INCOME

DAPAT DIATRIBUSIKAN KEPADA ATTRIBUTABLE TO
Pemilik Entitas Induk (313,845) 359,959 Owners of the Company
Kepentingan Nonpengendali - - Non-controlling interest

Jumlah Laba Komprehensif periode berjalan (313,845) 359,959 Total Comprehensive Income for the period

LABA PER SAHAM DASAR 36 BASIC EARNINGS PER SHARE

(dalam Rupiah penuh) (40.38) 167.30 (In full Rupiah)

Lihat catatan atas laporan keuangan konsolidasian yang merupakan See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian. which are an integral part of the consolidated financial statements.

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PT. GAJAH TUNGGAL Tbk DAN ENTITAS ANAK PT. GAJAH TUNGGAL Tbk AND ITS SUBSIDIARY
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
UNTUK PERIODE SEMBILAN YANG BERAKHIR 30 SEPTEMBER 2017 DAN 2016 FOR THE NINE-MONTHS ENDED SEPTEMBER 30, 2017 AND 2016

Penghasilan komprehensif lain/

Other comprehensive income

Keuntungan
nilai wajar bersih Selisih kurs karena Perubahan ekuitas
atas aset keuangan penjabaran Penghasilan Pengukuran entitas asosiasi
tersedia untuk laporan keuangan komprehensif lain kembali atas karena
Tambahan dijual/ entitas anak/ atas entitas asosiasi/ program imbalan kuasi-reorganisasi/
modal disetor/ Net fair value Foreign currency Share in other pasti/ Changes in equity Saldo laba/Retained earnings
Modal disetor/ Additional gain on translation comprehensive Remeasurement of associate Ditentukan Tidak ditentukan Saham
Catatan/ Paid-up paid-in available-for-sale adjustment of income of on defined company due to penggunaannya/ penggunaannya/ diperoleh kembali/ Jumlah ekuitas/
Notes capital capital financial assets the subsidiary associate benefit obligation Quasi-reorganization Appropriated Unappropriated Treasury stocks Total equity

Saldo per 01 Januari 2016 Balance as of January 01, 2016

disajikan kembali 1,742,400 (502,515) 33,085 24,673 413,506 (250,312) 340,202 60,000 3,533,604 (501) 5,394,142 as restated
Jumlah laba rugi komprehensif Total comprehensive income
periode berjalan - - 14,462 (6,311) (56,279) (174,853) - - 582,940 - 359,959 for the period

Saldo per 30 September 2016 1,742,400 (502,515) 47,547 18,362 357,227 (425,165) 340,202 60,000 4,116,544 (501) 5,754,101 Balance as of September 30, 2016

Saldo per 01 Januari 2017 1,742,400 (502,515) 35,713 22,347 382,236 (391,870) 340,202 60,000 4,160,165 (501) 5,848,177 Balance as of January 01, 2017
Pembentukan cadangan umum 28 - - - - - - - 5,000 (5,000) - - General reserve
Dividen tunai 28 - - - - - - - - (17,422) - (17,422) Cash dividend
Jumlah laba rugi komprehensif Total comprehensive income
periode berjalan - - (11,356) 848 4,772 (167,421) - - (140,688) - (313,845) for the period

Saldo per 30 September 2017 1,742,400 (502,515) 24,357 23,195 387,008 (559,291) 340,202 65,000 3,997,055 (501) 5,516,910 Balance as of September 30, 2017

Lihat catatan atas laporan keuangan konsolidasian yang merupakan See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian. which are an integral part of the consolidated financial statements.

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PT. GAJAH TUNGGAL Tbk DAN ENTITAS ANAK PT. GAJAH TUNGGAL Tbk AND ITS SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CASH FLOWS
UNTUK PERIODE SEMBILAN BULAN YANG BERAKHIR FOR THE NINE-MONTHS PERIODS ENDED
30 SEPTEMBER 2017 DAN 2016 SEPTEMBER 30, 2017 AND 2016

Sembilan bulan Sembilan bulan

Nine Months/ Nine Months/
2017 2016
Rp'Juta/ Rp'Juta/
Rp'Million Rp'Million

ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES
Penerimaan kas dari pelanggan 11,078,876 10,185,763 Cash receipts from customers
Pembayaran kas kepada pemasok dan karyawan (10,349,598) (8,655,154) Cash paid to suppliers and employees

Kas dihasilkan dari operasi 729,278 1,530,609 Cash generated from operations
Pembayaran bunga dan beban keuangan (743,578) (689,547) Interest and financing charges paid
Penerimaan dari restitusi pajak 170,877 229,964 Tax restitution received
Pembayaran pajak penghasilan (210,453) (132,429) Income tax paid

Kas Bersih Diperoleh dari Aktivitas Operasi (53,876) 938,597 Net Cash Provided by Operating Activities

ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES
Pencairan investasi tersedia untuk dijual 386,213 49,877 Proceeds from sale of available for sale investment
Penerimaan bunga 6,137 6,692 Interest received
Proceeds from sale of property, plant
Hasil penjualan aset tetap 2,433 19,556 and equipment
Penempatan investasi tersedia untuk dijual - (70,585) Placements of available for sale investments
Payment of advances for purchase of property,
Pembayaran uang muka pembelian aset tetap (77,972) (68,199) plant and equipment
Perolehan properti investasi - (384) Acquisitions of investment properties
Perolehan aset tetap (342,245) (636,954) Acquisitions of property, plant and equipment
Proceeds from accounts receivable from third
Kenaikan piutang lain-lain kepada pihak ketiga (58,595) (90,200) parties

Kas Bersih Digunakan untuk Aktivitas Investasi (84,029) (790,197) Net Cash Used in Investing Activities

ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES
Penerimaan dari utang bank 4,659,398 2,815,293 Proceeds from bank loans
Penerimaan dari utang obligasi 3,335,000 - Proceeds from bonds payable
Penerimaan dari pinjaman sindikasi 3,335,600 - Proceeds from Syndication loan
Pembayaran biaya penerbitan obligasi Payment of issuance cost of bonds
dan pinjaman sindikasi (421,285) - and syndicated loans
Pembayaran liabilitas sewa pembiayaan (36,238) (34,237) Payment of Finance lease liabilities
Pembayaran utang bank (4,193,873) (2,831,664) Payment of bank loan
Pembayaran dividen tunai (18,198) - Payment of cash dividend
Pembayaran utang obligasi (6,670,000) - Payment of bonds payable

Kas Bersih Diperoleh dari Aktivitas Pendanaan (9,596) (50,608) Net Cash Provided by Financing Activities

KENAIKAN (PENURUNAN) BERSIH KAS NET INCREASE (DECREASE) IN CASH AND

DAN SETARA KAS (147,501) 97,792 CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS AT

KAS DAN SETARA KAS AWAL TAHUN 755,545 641,916 BEGINNING OF YEAR
Pengaruh perubahan kurs mata uang asing 4,611 (26,824) Effect of foreign exchange rate changes

CASH AND CASH EQUIVALENTS AT

KAS DAN SETARA KAS AKHIR PERIODE 612,655 712,884 END OF PERIOD

Lihat catatan atas laporan keuangan konsolidasian yang merupakan See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian. which are an integral part of the consolidated financial statements.

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