PT Holcim Indonesia Tbk dan Entitas Anak

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

As of December 31,2017
ASSETS
(Expressed in millions of Rupiah)
Curret assets
 Cash

December 31
2017
C ash o n hand 4.528
C ash in banks
Rupiah
PT Bank BNP Paribas Indonesia 6.948
Standard Chartered Bank 119.753
PT Bank CIM B Niaga Tbk. 151.012
PT Bank M andiri (Persero) Tbk. 99.170
PT Bank Central Asia Tbk. 17.169
PT Bank ANZ Indonesia 5.217
PT Bank Sumitomo M itsui Indonesia 2.362
Citibank, N.A 2.740
Bank of Tokyo M itsubishi UFJ 3.540
PT Bank Rakyat Indonesia
(Persero) Tbk. 2.574
PT Bank Permata Tbk. 582
The Hongkong and Shanghai
Banking Corporation Ltd. 640
PT Bank Negara Indonesia
(Persero) Tbk. 5.175
US. Dollar
Standard Chartered Bank 40.957
PT Bank M andiri (Persero) Tbk. 1.213
Euro
PT Bank M andiri (Persero) Tbk. 76.702
Standard Chartered Bank 183
Citibank, N.A . 1.865
Total 537.802
Sho rt - term time depo sits
Rupiah
PT Bank CIM B Niaga Tbk. 4.000
PT Bank Rakyat Indonesia
(Persero) Tbk. 3.600
PT Bank Pembangunan Daerah
Jawa Timur Tbk 2.415
PT Bank M andiri (Persero) Tbk. 678
Others 1.488
Total 12.181
T o tal 554 .511
 TRADE ACCOUNTS RECEIVABLE
i. By debtor
31Desember/
December
31,
2017
Related Parties (Note 34) 34.678
Third parties 1.217.228
Allowance for impairment
losses (43.615)
T o tal - net 1.208 .291

ii. By age
31Desember/
December 31,
2017
Not yet due 97.085
Past due:
1- 30 days 318.677
31- 90 days 441.164
91- 360 days 286.875
M ore than 365 days 108.105
Total 1.251.906
Allowance for impairment
losses (43.615)
T o tal - net 1.208 .291

iii. By currency
31Desember/
December 31,
2017
Rupiah 1.217.228
US Dollar 34.678
Total 1.251.906
Allowance for impairment
losses (43.615)
T o tal - net 1.208 .291

 OTHER ACCOUNTS RECEIVABLE - NET

 December
31,
2017
Alternative fuel and
raw materials 162.512
Transporter solar receivables 10.221
Advances to employees 4.339
Others (each below
Rp 2,000) 17.822
Total 194.894
Allowance for impairment
losses (22.282)
T o tal - net 172 .612
Alternative fuel and

 INVENTORIES - NET
31
Desember/
December 31
2017

Raw materials 74.845

Work in process 39.390
Finished goods 301.072
Parts and supplies 345.793
Fuels 191.000
Total 952.100
Allow ance for decline
in value of inventories (71.340)
Total - net 880.760

 PREPAID EXPENSES

December
31
2017
Rental 16.545
Advances for training -
Insurance 1.948
Others 5.850
Total 24.343
Rental

 OTHER CURRENT ASSETS

 31
Desember/
December
31
2017

Advances to supplier 40.101

Diesel to transporter 5.738
Others 1.735
Total 47.574

Fixed assets

 FIXED ASSETS DAN QUARRY - NET

31 March/
Pengur Reklasifi
Penambahan/ angan/ kasi/ March 31,
Deduct Reclassif
Additions ions ication 2018
Acquisitio
n Cost
Land and lease
hold - - - 904.645
Quarry - (204) - 902.277
Buildings and
facilities 1.070 (878) 33.276 6.273.249
Machinery and
equipment 1.116 (2.714) 62.371 16.990.590
Transportation
equipment - (5) - 579.176
Office 5.39
equipment - (7.687) 6 233.967
Construction in
progress 18.678 - (103.356) 554.672
(2.3
Total 20.864 (11.488) 13) 26.438.576
Accumulated
depreciation
dan deplesi
Land and
leasehold 2.614 - - 47.981
Quarry - (204) - 87.818
Buildings and
facilities 58.445 (811) - 1.752.869
Machinery and 171.849 (2.053) - 8.175.813
 equipment
Transportation
equipment 6.829 (5) - 184.507
Office
equipment 3.771 (7.687) - 415.502
Total 243.508 (10.760) - 10.664.490
Net Carrying
amount 15.774.086

 CLAIM FOR TAX REFUND

31 Desember/
December 31,
2017
The Company
Income tax
2016 35.771
2017 27.577
Others -
Subsidiaries
Income tax 43.860
Others 1.530

Total 108.738

 OTHER NON-CURRENT ASSETS - NET

31
Desember/
December
31
2017

Softw are 54.350

Security deposits 31.235
Prepaid long-term rental 30.630
Others 22.779
Total 138.994
  TRADE ACCOUNTS PAYABLE

December
31
2017

i. By creditor
Related parties (Note 34) 24.926
Third parties 1.335.467
Total 1.360.393
ii. By currency
Rupiah 1.101.924
U.S. Dollar 220.209
Euro 29.924
Other currencies 8.336
Total 1.360.393

iii. By age
Not yet due 909.080
Overdue:
1 -30 days 413.875
31 - 90 days 29.693
Over 90 days 7.745
Total 1.360.393

 OTHER ACCOUNTS PAYABLE

December 31,

2017

Contractor payables (Note 11) 249.998

Advance from customers 146.986

Related parties payable (Note

34) 61.096

Others (each below Rp5,000) 56.394

Total 514.474
  TAXES PAYABLE

December
31,
2017
Income taxes
Article 21 16.212
Article 22 2.833
Article 23 & 26 9.829
Article 25 & 29 5.665
Value added tax 9.845
Total 44.384

 ACCRUED EXPENSES

December 31

2017

Promotion and advertising 80.046

Electricity 94.463

Industrial franchise fee (Note 34) 111.355

Customers loyalty program 51.957

Materials 92.081

Third party services 60.317

Master Branding Agreement fee

(Note 34) 49.332

Interest 47.471

Data communication center 41.384

Freight 27.185

Rent 20.178

overhaul and others 9.866

Tax Appeal -
Consultant fee 45.339

Intellectual property license fee

(Note 34) 13.084

Mining royalty 3.536

Labor services for machines

Insurance 7.358

Service Agreement fee (Note 34) 2.637

others 23.583

Total 781.172 Total

 LONG TERM BANK LOANS

31 Desember/
December 31
2017
Related parties
Holderfin B.V., The Netherlands
Note 34 1.622.101
Long-term portion -
related parties 1.622.101
Tird
parties
KfW: ECA Financing 1.144.720
PT Bank BNP Paribas Indonesia 1.065.000
PT Bank Sumitomo Mitsui
Indonesia 1.000.000
PT Bank CIMB Niaga Tbk 983.333
PT Bank ANZ Indonesia 750.000
PT Bank Permata 500.000
PT Bank Mizuho Indonesia 454.545
PT Bank DBS Indonesia -
Biaya transaksi (31.771)
Bagian jatuh tempo dalam satu
tahun (1.720.776)
Long term portion - third parties
4.145.051

 REVENUES
2017
 Cement 1.824.840
Readymix concrete 253.432
Aggregates 26.959
Other construction services 53.564
Total 2.158.795

 COST OF REVENUES
2017
Raw materials
Beginning of period 94.417
Purchases 86.830
End of period (114.569)
Raw materials used 66.678
Manufacturing costs 1.288.942
Depreciation and depletion
(Note 11) 250.310
Salaries and w ages 252.237
Total Production Cost 1.858.167
Work in process
Beginning of period 145.547
End of period (219.981)
Cost of Goods Manufactured 1.783.733
Finished goods
Beginning of period 129.372
End of period (143.253)
Total 1.769.852

 DISTRIBUTION AND SELLING EXPENSE

2017

Salaries, w ages and allow ances 30.533

Advertising and promotion 16.622

Transportation 3.526

Rent 3.680

Conferences and meetings 2.210

Professional fees 674

Depreciation (Note 11) 282

Fines and penalties 1.175

Others 6.583

Total 65.285

 GENERAL ADMINISTRATIVE EXPENSES

2017

Salaries, w ages and allow ances 71.325

Regional project 13.292
Data maintenance and system 7.376
Impairment losses of accounts (15.158)

Professional fees 22.610

Travelling 4.381
Bank charges 474
Donation and representation 1.662
Rent 2.720
Depreciation (Note 11) 2.072
Conferences and meetings 1.551
Repairs and maintenance 2.461
Rates and taxes -
Others 3.942
Total 118.708

 FINANCE COSTS - NET

2017

Interest expense from loans 144.437

Foreign exchange loss (gain) from
loans 2.617
Total 147.054