PT INDAH KIAT PULP & PAPER Tbk DAN ENTITAS ANAK

LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN COM

Tahun 2015-2019
(Disajikan dalam ribuan dolar amerika serikat, kecuali dinyatakan lain)
2015 2016 2017 2018
PENJUALAN NETO 2,834,278 2,720,473 3,127,928 3,335,441
BEBAN POKOK PENJUALAN 2,224,290 2,139,207 2,224,399 2,131,711
LABA BRUTO 609,988 581,266 903,529 1,203,730

BEBAN USAHA
Penjualan 174,623 134,883 169,926 153,051
Umum dan administrasi 108,224 159,417 130,916 156,632
Total Beban Usaha 282,847 294,300 300,842 309,683
LABA USAHA 327,141 286,966 602,687 894,047

PENGHASILAN (BEBAN) LAIN-LAIN

Penghasilan bunga 5,636 3,876 4,661 5,303
Bagian atas laba neto
entitas asosiasi 253 460 439 753
Beban murabahah (4,325) (5,282) (2,916) (2,535)
Beban bagi hasil musyarakah (1,939) (1,421) (2,465) (5,328)
Keuntungan (kerugian)
selisih kurs - neto 14,779 (19,877) (29,300) 21,846
Beban bunga (108,466) (117,241) (123,680) (176,983)
Lain-lain - neto (3,208) (2,171) 7,661 (1,348)
Beban Lain-lain - Neto (97,270) (141,656) (145,600) (158,292)
LABA SEBELUM
BEBAN PAJAK PENGHASILAN 229,871 145,310 457,087 735,755
BEBAN PAJAK PENGHASILAN (7,124) 57,445 (43,805) (147,549)
LABA NETO 222,747 202,755 413,282 588,206

PENGHASILAN (RUGI)
KOMPREHENSIF LAIN
Pos-pos yang tidak akan
direklasifikasi lebih lanjut
ke laba rugi :
Pengukuran kembali dari
liabilitas imbalan kerja 12,736 4,382 (3,383) 6,123
Pajak penghasilan terkait (2,548) (875) 683 (1,228)
Penghasilan (Rugi) Komprehensif
Lain - Setalah Pajak 10,188 3,507 (2,700) 4,895
PENGHASILAN KOMPREHENSIF
NETO 232,935 206,262 410,582 593,101

LABA NETO YANG DAPAT

DIATRIBUSIKAN KEPADA :
Pemilik entitas induk 222,780 202,705 413,209 588,127
Kepentingan nonpengendali (33) 50 73 79
TOTAL 222,747 202,755 413,282 588,206

PENGHASILAN KOMPREHENSIF
NETO YANG DAPAT
DIATRIBUSIKAN KEPADA:
Pemilik entitas induk 232,968 206,212 410,515 593,019
Kepentingan nonpengendali (33) 50 67 82
TOTAL 232,935 206,262 410,582 593,101

LABA PER SAHAM DASAR

YANG DAPAT DIATRIBUSIKAN
KEPADA PEMILIK ENTITAS INDUK
(dalam satuan penuh) 0,04072 0,07553 0,07553 0,10750
AN ENTITAS ANAK
LAIN KONSOLIDASIAN COMMON SIZE
ANALISIS COMMON SIZE

t, kecuali dinyatakan lain)

2019 2015 2016 2017
3,223,153 NET SALES 100.00% 100.00% 100.00%
2,346,850 COST OF GOODS SOLD 78.48% 78.63% 71.11%
876,303 GROSS PROFIT 21.52% 21.37% 28.89%

OPERATING EXPENSE
173,275 Selling 6.16% 4.96% 5.43%
142,660 General and administrative 3.82% 5.86% 4.19%
315,935 Total Operating Expenses 9.98% 10.82% 9.62%
560,368 OPERATING PROFIT 11.54% 10.55% 19.27%

OTHER INCOME (EXPENSE)

15,120 Interest income 0.20% 0.14% 0.15%
Share in net profit of
609 an associate 0.01% 0.02% 0.01%
(3,110) Murabahah expense -0.15% -0.19% -0.09%
(7,727) Murabahah sharing expense -0.07% -0.05% -0.08%
Gain (loss) on
(19,706) foreign exchange - net 0.52% -0.73% -0.94%
(190,292) Interest expense -3.83% -4.31% -3.95%
42,635 Others - net -0.11% -0.08% 0.24%
(162,471) -3.43% -5.21% -4.65%
PROFIT BEFORE INCOME
397,897 TAX EXPENSE 8.11% 5.34% 14.61%
(123,507) INCOME TAX EXPENSE -0.25% 2.11% -1.40%
274,390 NET PROFIT 7.86% 7.45% 13.21%

OTHER COMPREHENSIVE
INCOME (LOSS)
Items that will not subsequently
be reclassified to profit or loss:

Remeasurement of
(2,767) employee benefits liability 0.45% 0.16% -0.11%
555 Related income tax -0.09% -0.03% 0.02%
Other Comprehensive
(2,212) Income (Loss) - Net of Tax 0.36% 0.13% -0.09%
NET COMPREHENSIVE
272,178 INCOME 8.22% 7.58% 13.13%

NET PROFIT
ATTRIBUTABLE TO:
274,370 Owners of the parent 7.86% 7.45% 13.21%
 20 Non-controlling interest 0.00% 0.00% 0.00%
274,390 TOTAL 7.86% 7.45% 13.21%

NET COMPREHENSIVE
INCOME ATTRIBUTABLE TO:

272,159 Owners of the parent 8.22% 7.58% 13.12%

19 Non-controlling interest 0.00% 0.00% 0.00%
272,178 TOTAL 8.22% 7.58% 13.13%

BASIC EARNINGS
PER SHARE ATTRIBUTABLE
TO THE OWNERS OF PARENT
0,05015 (in full amount)
IS COMMON SIZE

2018 2019
100.00% 100.00%
63.91% 72.81%
36.09% 27.19%

4.59% 5.38%
4.70% 4.43%
9.28% 9.80%
26.80% 17.39%

0.16% 0.47%

0.02% 0.02%
-0.08% -0.10%
-0.16% -0.24%

0.65% -0.61%
-5.31% -5.90%
-0.04% 1.32%
-4.75% -5.04%

22.06% 12.34%
-4.42% -3.83%
17.64% 8.51%

0.18% -0.09%
-0.04% 0.02%

0.15% -0.07%

17.78% 8.44%

17.63% 8.51%
0.00% 0.00%
17.64% 8.51%

17.78% 8.44%
0.00% 0.00%
17.78% 8.44%
 2015 2016 2017
PENJUALAN NETO 100.00% 100.00% 100.00%
BEBAN POKOK PENJUALAN 78.48% 78.63% 71.11%
LABA BRUTO 21.52% 21.37% 28.89%

2015 2016 2017

Penjualan 6.16% 4.96% 5.43%
Umum dan administrasi 3.82% 5.86% 4.19%
Total Beban Usaha 9.98% 10.82% 9.62%
LABA USAHA 11.54% 10.55% 19.27%

2015 2016 2017

Penghasilan bunga 0.20% 0.14% 0.15%
Bagian atas laba neto entitas asosiasi 0.01% 0.02% 0.01%
Beban murabahah -0.15% -0.19% -0.09%
Beban bagi hasil musyarakah -0.07% -0.05% -0.08%
Keuntungan (kerugian) selisih kurs - neto 0.52% -0.73% -0.94%
Beban bunga -3.83% -4.31% -3.95%
Lain-lain - neto -0.11% -0.08% 0.24%
Beban Lain-lain - Neto -3.43% -5.21% -4.65%
LABA SEBELUM BEBAN PAJAK PENGHASILAN 8.11% 5.34% 14.61%
BEBAN PAJAK PENGHASILAN -0.25% 2.11% -1.40%
LABA NETO 7.86% 7.45% 13.21%
 2015 2016 2017
Pengukuran kembali dari liabilitas imbalan kerja 0.45% 0.16% -0.11%
Pajak penghasilan terkait -0.09% -0.03% 0.02%
Penghasilan (Rugi) Komprehensif Lain - Setalah Pajak 0.36% 0.13% -0.09%
PENGHASILAN KOMPREHENSIF NETO 8.22% 7.58% 13.13%

2015 2016 2017

Pemilik entitas induk 7.86% 7.45% 13.21%
Kepentingan nonpengendali 0.00% 0.00% 0.00%
TOTAL 7.86% 7.45% 13.21%

2015 2016 2017

Pemilik entitas induk 8.22% 7.58% 13.12%
Kepentingan nonpengendali 0.00% 0.00% 0.00%
TOTAL 8.22% 7.58% 13.13%
 2018 2019
100.00% 100.00% Proporsi laba bruto atas penjualan neto
63.91% 72.81%
100.00%
36.09% 27.19%
90.00%
80.00% 2015
70.00% 2016
60.00% 2017
50.00% 2018
40.00% 2019
30.00%
20.00%
10.00%
0.00%
PENJUALAN NETO BEBAN POKOK PENJUALAN LABA BRUTO

2018 2019
4.59% 5.38% Proporsi Laba usaha atas penjualan neto
4.70% 4.43%
30.00%
9.28% 9.80%
25.00%
26.80% 17.39%
20.00%
2015
15.00%
2016
10.00% 2017
5.00% 2018
0.00% 2019
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2018 2019
0.16% 0.47% Proporsi laba neto atas penjualan neto
0.02% 0.02%
25.00%
-0.08% -0.10%
-0.16% -0.24% 20.00%
0.65% -0.61% 15.00%
-5.31% -5.90%
10.00% 20
-0.04% 1.32%
20
-4.75% -5.04% 5.00%
20
22.06% 12.34% 0.00% 20
-4.42% -3.83% 20
-5.00%
17.64% 8.51%
-10.00%
 2018 2019
0.18% -0.09% Proporsi penghasilan komprehensif neto atas penjualan
-0.04% 0.02% neto
0.15% -0.07%
17.78% 8.44% 18.00%
16.00%
14.00%
12.00%
10.00%
8.00%
6.00% 20
4.00% 20
2.00% 20
0.00% 20
-2.00% 20

2018 2019
17.63% 8.51% Proporsi laba neto yang dapat diatribusikan
0.00% 0.00% atas penjualan neto
17.64% 8.51%
18.00%
14.00% 2015
10.00% 2016
6.00% 2017
2.00% 2018
-2.00% 2019

2018 2019
17.78% 8.44% Proporsi penghasilan komprehensif yang dapat
0.00% 0.00%
diatribusikan atas penjualan neto
17.78% 8.44%
18.00%
14.00% 2015
10.00% 2016
6.00% 2017
2.00% 2018
-2.00% 2019
18.00%
14.00% 2015
10.00% 2016
6.00% 2017
2.00% 2018
-2.00% 2019
neto

2015
2016
2017
2018
2019

neto

2015
2016
2017
2018
2019

an neto

2015
2016
2017
2018
2019
o atas penjualan

2015
2016
2017
2018
2019
 PT INDAH KIAT PULP & PAPER Tbk DAN ENTITAS ANAK
LAPORAN POSISI KEUANGAN KONSOLIDASIAN
Tahun 2015-2019
(Disajikan dalam ribuan dolar amerika serikat, kecuali dinyatakan lain)
2015 2016 2017 2018
ASET
ASET LANCAR
Kas dan setara kas
Pihak ketiga 167,050 183,862 617,670 745,473
Pihak berelasi 4,920 27,073 2,433 10,783
Piutang usaha
Pihak ketiga - setelah
dikurangi penyisihan
penurunan nilai 158,844 155,464 265,879 163,680
Pihak berelasi 455,847 525,002 603,290 929,445
Piutang lain-lain - pihak ketiga 3,743 2,036 2,855 3,688
Persediaan 865,608 977,762 367,509 512,111
Uang muka dan beban
dibayar di muka 122,102 131,840 748,385 883,302
Pajak dibayar di muka 22,491 26,175 14,128 528
Aset lancar lainnya
Pihak ketiga 269,227 152,760 518,240 936,688
Pihak berelasi 4,328 5,005 4,960 4,916
Total Aset Lancar 2,074,160 2,186,979 3,145,349 4,190,614

ASET TIDAK LANCAR

Aset pajak tangguhan - neto 95
Piutang pihak berelasi 133,208 132,599 132,442 132,121
Uang muka pihak berelasi 300,639 300,639 300,639 300,639
Investasi pada entitas asosiasi 4,274 4,623 5,062 9,436
Aset tetap - setelah dikurangi
akumulasi penyusutan 4,287,657 4,043,525 3,835,657 3,933,605
Uang muka pembelian
aset tetap - pihak ketiga 137,643 127,563 171,399 156,058
Aset tidak lancar lainnya 100,736 82,872 43,688 28,540
Total Aset Tidak Lancar 4,964,252 4,691,821 4,488,887 4,560,399
TOTAL ASET 7,038,412 6,878,800 7,634,236 8,751,013

LIABILITAS DAN EKUITAS

LIABILITAS JANGKA PENDEK
Pinjaman bank jangka pendek 838,115 833,600 888,546 950,785
Pembiayaan musyarakah
jangka pendek 9,421 9,675 16,977 15,883
Utang usaha
 Pihak ketiga 185,811 96,747 112,675 153,588
Pihak berelasi 33,276 14,732 24,806 20,539
Utang lain-lain
pihak ketiga 15,308 13,194 15,720 16,430
Beban masih harus dibayar 37,550 26,133 31,829 94,842
Utang pajak 2,515 2,973 9,367 62,863
Liabilitas jangka panjang yang
akan jatuh tempo dalam waktu
satu tahun
Liabilitas sewa pembiayaan 41,959 40,042 60,511 61,798
Pinjaman bank jangka panjang
Pihak ketiga 151,324 164,973 190,684 191,417
Utang murabahah dan
pembiayaan musyarakah
jangka panjang 9,048 5,686 4,095 19,727
Medium-term notes 31,075
Pinjaman dan wesel bayar 155,399 160,539 147,720 122,783
Total Liabilitas Jangka Pendek 1,479,726 1,368,294 1,502,930 1,741,730

LIABILITAS JANGKA PANJANG

Utang pihak berelasi 11,177 11,281 15,065 31,246
Liabilitas pajak tangguhan - neto 134,879 78,191 118,321 161,820
Liabilitas imbalan kerja 68,770 67,489 74,227 67,439
Liabilitas jangka panjang
Liabilitas sewa pembiayaan 185,279 149,098 197,480 140,116
Pinjaman bank jangka panjang
Pihak ketiga 547,608 569,992 763,611 829,442
Utang murabahah dan
Pembiayaan musyarakah
jangka panjang 53,483 51,829 57,439 77,467
Medium-term notes 107,027 555,434
Wesel bayar 1,718,155 1,606,511 1,492,003 1,372,512
Pinjaman jangka panjang 573,970 527,969 491,496 429,075
Dikurangi Liabilitas jangka
panjang yang jatuh tempo
dalam waktu satu tahun
Liabilitas sewa pembiayaan (41,959) (40,042) (60,511) (61,798)
Pinjaman bank jangka panjang
Pihak ketiga (151,324) (164,973) (190,684) (191,417)
Utang murabahah dan
Pembiayaan musyarakah
jangka panjang (9,048) (5,686) (4,095) (19,727)
Medium-term notes (31,075)
Pinjaman dan wesel bayar (155,399) (160,539) (147,720) (122,783)
Total Liabilitas Jangka Panjang 2,935,591 2,691,120 2,913,659 3,237,751
Total Liabilitas 4,415,317 4,059,414 4,416,589 4,979,481

EKUITAS
Modal saham - nominal
Rp1.000 per saham
(dalam angka penuh)
Modal dasar - 20.000.000.000
saham biasa (angka penuh)
Modal ditempatkan dan disetor
penuh - 5.470.982.941 saham
biasa (angka penuh) 2,189,016 2,189,016 2,189,016 2,189,016
Tambahan modal disetor - neto 5,808 5,883 5,883 5,883
Akumulasi pengukuran kembali
liabilitas imbalan kerja 6,831 10,338 7,644 12,536
Saldo laba
Telah ditentukan penggunaannya 2,000 3,000 4,000 5,000
Belum ditentukan penggunaannya 419,095 610,754 1,010,642 1,558,553
Ekuitas yang dapat diatribusikan
kepada pemilik entitas induk 2,622,750 2,818,991 3,217,185 3,770,988
Kepentingan nonpengendali 345 395 462 544
Ekuitas - neto 2,623,095 2,819,386 3,217,647 3,771,532
TOTAL LIABILITAS DAN EKUITAS 7,038,412 6,878,800 7,634,236 8,751,013
 ENTITAS ANAK
SOLIDASIAN
Analisis Common Size

kecuali dinyatakan lain)

2019 2015 2016 2017
ASSETS
CURRENT ASSETS
Cash and cash equivalents
770,644 Third parties 2.37% 2.67% 8.09%
3,121 Related party 0.07% 0.39% 0.03%
Trade receivables
Third parties - net of
allowance for
216,169 impairment loss 2.26% 2.26% 3.48%
952,384 Related parties 6.48% 7.63% 7.90%
5,369 Other receivables - third parties 0.05% 0.03% 0.04%
407,626 Inventories 12.30% 14.21% 4.81%
Advanced and
946,153 prepaid expenses 1.73% 1.92% 9.80%
10,529 Prepaid taxes 0.32% 0.38% 0.19%
Other current assets
897,290 Third parties 3.83% 2.22% 6.79%
5,492 Related parties 0.06% 0.07% 0.06%
4,214,777 Total Current Assets 29.47% 31.79% 41.20%

NON-CURRENT ASSETS
0.00% 0.00% 0.00%
132,718 Due from related parties 1.89% 1.93% 1.73%
300,639 Advances to related parties 4.27% 4.37% 3.94%
10,045 Investment in an associate 0.06% 0.07% 0.07%
Fixed assets - net of
3,654,414 accumulated depreciation 60.92% 58.78% 50.24%
Advances for purchase of
174,952 fixed assets - third parties 1.96% 1.85% 2.25%
14,505 Other non-current assets 1.43% 1.20% 0.57%
4,287,273 Total Non-Current Assets 70.53% 68.21% 58.80%
8,502,050 TOTAL ASSETS 100.00% 100.00% 100.00%

LIABILITIES AND EQUITY

CURRENT LIABILITIES
903,107 Short-term bank loans 11.91% 12.12% 11.64%
Short-term Musyarakah
20,143 financing 0.13% 0.14% 0.22%
Trade payables
 157,118 Third parties 2.64% 1.41% 1.48%
20,193 Related parties 0.47% 0.21% 0.32%
Other payables
22,098 third parties 0.22% 0.19% 0.21%
47,271 Accrued expenses 0.53% 0.38% 0.42%
10,925 Taxes payable 0.04% 0.04% 0.12%
Current maturities of
long-term liabilities

55,661 Finance lease liabilities 0.60% 0.58% 0.79%

Long-term bank loans
189,099 Third parties 2.15% 2.40% 2.50%
Long-term Murabahah
payables and
19,658 Musyarakah financing 0.13% 0.08% 0.05%
310,937 Medium-term notes 0.00% 0.00% 0.00%
76,763 Loans and notes payable 2.21% 2.33% 1.93%
1,832,973 Total Current Liabilities 21.02% 19.89% 19.69%

NON-CURRENT LIABILITIES
30,030 Due to related parties 0.16% 0.16% 0.20%
191,165 Deferred tax liabilities - net 1.92% 1.14% 1.55%
75,453 Employee benefits liability 0.98% 0.98% 0.97%
Long-term liabilities
86,712 Finance lease liabilities 2.63% 2.17% 2.59%
Long-term bank loans
689,216 Third parties 7.78% 8.29% 10.00%
Long-term Murabahah
payables and
98,995 Musyarakah financing 0.76% 0.75% 0.75%
524,481 Medium-term notes 0.00% 0.00% 1.40%
1,027,314 Notes payable 24.41% 23.35% 19.54%
592,152 Long-term loans 8.15% 7.68% 6.44%
Less current maturities of
long-term liabilities

(55,661) Finance lease liabilities -0.60% -0.58% -0.79%

Long-term bank loans
(189,099) Third parties -2.15% -2.40% -2.50%
Long-term Murabahah
payables and
(19,658) Musyarakah financing -0.13% -0.08% -0.05%
(310,937) Medium-term notes 0.00% 0.00% 0.00%
(76,763) Loans and notes payable -2.21% -2.33% -1.93%
2,663,400 Total Non-Current Liabilities 41.71% 39.12% 38.17%
4,496,373 Total Liabilities 62.73% 59.01% 57.85%

EQUITY
Share capital -
Rp1,000 par value
(in full amount)
Authorized - 20,000,000,000
common shares (full amount)
Issued and fully paid -
5,470,982,941 common shares
2,189,016 (full amount) 31.10% 31.82% 28.67%
5,883 Additional paid-in capital - net 0.08% 0.09% 0.08%
Cumulative remeasurements on
10,325 employee benefits liability 0.10% 0.15% 0.10%
Retained earnings
6,000 Appropriated 0.03% 0.04% 0.05%
1,793,890 Unappropriated 5.95% 8.88% 13.24%
Equity attributable to
4,005,114 owners of the parent 37.26% 40.98% 42.14%
563 Non-controlling interest 0.00% 0.01% 0.01%
4,005,677 Total Equity 37.27% 40.99% 42.15%
8,502,050 TOTAL LIABILITIES AND EQUITY 100.00% 100.00% 100.00%
s Common Size

2018 2019

8.52% 9.06%
0.12% 0.04%

1.87% 2.54%
10.62% 11.20%
0.04% 0.06%
5.85% 4.79%

10.09% 11.13%
0.01% 0.12%

10.70% 10.55%
0.06% 0.06%
47.89% 49.57%

0.00% 0.00%
1.51% 1.56%
3.44% 3.54%
0.11% 0.12%

44.95% 42.98%

1.78% 2.06%
0.33% 0.17%
52.11% 50.43%
100.00% 100.00%

10.86% 10.62%

0.18% 0.24%
1.76% 1.85%
0.23% 0.24%

0.19% 0.26%
1.08% 0.56%
0.72% 0.13%

0.71% 0.65%

2.19% 2.22%

0.23% 0.23%
0.36% 3.66%
1.40% 0.90%
19.90% 21.56%

0.36% 0.35%
1.85% 2.25%
0.77% 0.89%

1.60% 1.02%

9.48% 8.11%

0.89% 1.16%
6.35% 6.17%
15.68% 12.08%
4.90% 6.96%

-0.71% -0.65%

-2.19% -2.22%

-0.23% -0.23%
-0.36% -3.66%
-1.40% -0.90%
37.00% 31.33%
56.90% 52.89%

25.01% 25.75%
0.07% 0.07%

0.14% 0.12%

0.06% 0.07%
17.81% 21.10%

43.09% 47.11%
0.01% 0.01%
43.10% 47.11%
100.00% 100.00%
 2015 2016
Kas dan setara kas Pihak ketiga 2.37% 2.67%
Kas dan setara kas Pihak berelasi 0.07% 0.39%
Piutang usaha Pihak ketiga 2.26% 2.26%
Piutang usaha Pihak berelasi 6.48% 7.63%
Piutang lain-lain - pihak ketiga 0.05% 0.03%
Persediaan 12.30% 14.21%
Uang muka dan beban dibayar di muka 1.73% 1.92%
Pajak dibayar di muka 0.32% 0.38%
Aset lancar lainnya Pihak ketiga 3.83% 2.22%
Aset lancar lainnya Pihak berelasi 0.06% 0.07%
Total Aset Lancar 29.47% 31.79%

2015 2016
Aset pajak tangguhan - neto 0.00% 0.00%
Piutang pihak berelasi 1.89% 1.93%
Uang muka pihak berelasi 4.27% 4.37%
Investasi pada entitas asosiasi 0.06% 0.07%
Aset tetap - setelah dikurangi akm penyusutan 60.92% 58.78%
Uang muka pembelian aset tetap - pihak ketiga 1.96% 1.85%
Aset tidak lancar lainnya 1.43% 1.20%
Total Aset Tidak Lancar 70.53% 68.21%
 2015 2016
Pinjaman bank jangka pendek 11.91% 12.12%
Pembiayaan musyarakah jangka pendek 0.13% 0.14%
Utang usaha Pihak ketiga 2.64% 1.41%
Utang usaha Pihak berelasi 0.47% 0.21%
Utang lain-lain pihak ketiga 0.22% 0.19%
Beban masih harus dibayar 0.53% 0.38%
Utang pajak 0.04% 0.04%
Liabilitas sewa pembiayaan 0.60% 0.58%
Pinjaman bank jangka panjang Pihak ketiga 2.15% 2.40%
Utang murabahah dan pembiayaan musyarakah jangka panjang 0.13% 0.08%
Medium-term notes 0.00% 0.00%
Pinjaman dan wesel bayar 2.21% 2.33%
Total Liabilitas Jangka Pendek 21.02% 19.89%

2015 2016
Utang pihak berelasi 0.16% 0.16%
Liabilitas pajak tangguhan - neto 1.92% 1.14%
Liabilitas imbalan kerja 0.98% 0.98%
Liabilitas jangka panjang 2.63% 2.17%
Pinjaman bank jangka panjang Pihak ketiga 7.78% 8.29%
Utang murabahah dan Pembiayaan musyarakah jangka panjang 0.76% 0.75%
Medium-term notes 0.00% 0.00%
Wesel bayar 24.41% 23.35%
Pinjaman jangka panjang 8.15% 7.68%
Dikurangi Liabilitas sewa pembiayaan -0.60% -0.58%
Pinjaman bank jangka panjang Pihak ketiga -2.15% -2.40%
Utang murabahah dan Pembiayaan musyarakah jangka panjang -0.13% -0.08%
Medium-term notes 0.00% 0.00%
Pinjaman dan wesel bayar -2.21% -2.33%
Total Liabilitas Jangka Panjang 41.71% 39.12%

2015 2016
Modal saham 31.10% 31.82%
Tambahan modal disetor - neto 0.08% 0.09%
Akumulasi pengukuran kembali liabilitas imbalan kerja 0.10% 0.15%
Saldo laba Telah ditentukan penggunaannya 0.03% 0.04%
Saldo laba Belum ditentukan penggunaannya 5.95% 8.88%
Ekuitas yang dapat diatribusikan kepada pemilik entitas induk 37.26% 40.98%
Kepentingan nonpengendali 0.00% 0.01%
Ekuitas - neto 37.27% 40.99%
 2017 2018 2019
8.09% 8.52% 9.06% Proporsi aset lancar atas to
0.03% 0.12% 0.04%
3.48% 1.87% 2.54% 50.00%
7.90% 10.62% 11.20% 45.00%
0.04% 0.04% 0.06% 40.00%
4.81% 5.85% 4.79% 35.00%
9.80% 10.09% 11.13% 30.00%
0.19% 0.01% 0.12% 25.00%
6.79% 10.70% 10.55% 20.00%
0.06% 0.06% 0.06% 15.00%
10.00%
41.20% 47.89% 49.57%
5.00%
0.00%
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2017 2018 2019

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1.73% 1.51% 1.56%
3.94% 3.44% 3.54% 80.00%
0.07% 0.11% 0.12% 70.00%
50.24% 44.95% 42.98% 60.00%
2.25% 1.78% 2.06% 50.00%
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2017 2018 2019
11.64% 10.86% 10.62%
0.22% 0.18% 0.24% Proporsi liabilitas jangka pendek atas total ek
1.48% 1.76% 1.85%
25.00%
0.32% 0.23% 0.24%
0.21% 0.19% 0.26%
0.42% 1.08% 0.56% 20.00%
0.12% 0.72% 0.13%
0.79% 0.71% 0.65% 15.00%
2.50% 2.19% 2.22%
0.05% 0.23% 0.23%
10.00%
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1.93% 1.40% 0.90%
19.69% 19.90% 21.56% 5.00%

0.00%
ek k a i a ar k n
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2017 2018 2019

0.20% 0.36% 0.35% Proporsi liabilitas jangka panjang atas total ek
1.55% 1.85% 2.25%
0.97% 0.77% 0.89% 45.00%
2.59% 1.60% 1.02%
40.00%
10.00% 9.48% 8.11%
0.75% 0.89% 1.16% 35.00%

1.40% 6.35% 6.17% 30.00%

19.54% 15.68% 12.08% 25.00%
6.44% 4.90% 6.96%
20.00%
-0.79% -0.71% -0.65%
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5.00%
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 20.00%
15.00%
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0.00% -0.36% -3.66%
5.00%
-1.93% -1.40% -0.90%
38.17% 37.00% 31.33% 0.00%
-5.00%

2017 2018 2019

28.67% 25.01% 25.75% Proporsi ekuitas atas total liabili
0.08% 0.07% 0.07%
0.10% 0.14% 0.12% 50.00%
0.05% 0.06% 0.07% 45.00%
40.00%
13.24% 17.81% 21.10%
35.00%
42.14% 43.09% 47.11%
30.00%
0.01% 0.01% 0.01% 25.00%
42.15% 43.10% 47.11% 20.00%
15.00%
10.00%
5.00%
0.00%
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aset lancar atas total aset

2015
2016
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2019

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2015
2016
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2018
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endek atas total ekuitas liabilitas dan ekuitas

2015
2016
2017
2018
2019
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anjang atas total ekuitas liabilitas dan ekuitas

2015
2016
2017
2018
2019
 2015
2016
2017
2018
2019

as atas total liabilitas dan ekuitas

2015
2016
2017
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 PT. INDAH KIAT PULP & PAPER Tbk DAN ENTITAS ANA
LAPORAN ARUS KAS KONSOLIDASIAN
Tahun 2015-2019
(Disajikan dalam ribuan dolar amerika serikat, kecuali dinyat
2015 2016 2017

ARUS KAS DARI

AKTIVITAS OPERASI
Penerimaan kas dari pelanggan 2,401,876 2,655,196 2,939,508
Pembayaran kas kepada
pemasok dan karyawan (2,197,384) (2,386,680) (2,187,350)
Kas yang diperoleh dari aktivitas operasi 204,492 268,516 752,158
Penerimaan penghasilan bunga 5,476 3,617 4,674
Pembayaran pajak - neto 43,756 (3,249) 15,449
Pembayaran bunga dan
beban keuangan lainnya (92,566) (104,888) (106,535)
Kas Neto yang Diperoleh dari
Aktivitas Operasi 161,158 163,996 665,746

ARUS KAS DARI

AKTIVITAS INVESTASI
Penurunan (kenaikan) aset lancar
aset tidak lancar lainnya
Penerimaan atas penjualan aset tetap 195,000 8,387 104,661
Penurunan (kenaikan)
piutang pihak berelasi 235 609 157
Pembayaran investasi jangka pendek
Penerimaan deviden 107 111
Pembelian aset tetap, aset dalam
pengerjaan dan uang muka
pembelian aset tetap (405,529) (37,942) (111,079)
Penurunan (kenaikan) aset lancar dan
aset tidak lancar lainnya (20,572) 113,932 (360,772)
Pembelian saham pada entitas asosiasi
Arus Kas Neto Diperoleh dari
(Digunakan untuk) Aktivitas Investasi (230,759) 85,097 (367,033)

ARUS KAS DARI

AKTIVITAS PENDANAAN
Penerimaan dari penerbitan
medium-term notes 107,027
Penerimaan dari pinjaman bank
jangka panjang 248,780 189,279 360,447
Penerimaan dari utang Murabahah dan
 pembiayaan Musyarakah jangka panjang 10,690 6,015 26,276
Pembayaran atas utang Murabahah dan
pembiayaan Musyarakah jangka panjang (7,273) (8,966) (20,242)
Pembayaran dividen (9,618) (9,838) (11,627)
Kenaikan (penurunan) pinjaman bank dan
pembiayaan Musyarakah
jangka pendek - neto 220,846 (4,261) 62,248
Pembayaran liabilitas sewa pembiayaan (12,316) (41,985) (55,903)
Pembayaran pinjaman jangka panjang (54,896) (57,335) (57,629)
Pembayaran wesel bayar (122,220) (123,937) (127,850)
Pembayaran pinjaman bank jangka panjang (152,968) (159,333) (172,731)
Pembayaran atas medium-term notes
Arus Kas Neto Diperoleh dari
(Digunakan untuk) Aktivitas Pendanaan 121,025 (210,361) 110,016
Pengaruh Perubahan Kurs Mata Uang pada
Kas dan Setara Kas 1,221 233 439

KENAIKAN NETO
KAS DAN SETARA KAS 52,645 38,965 409,168

KAS DAN SETARA KAS

AWAL TAHUN 119,325 171,970 210,935

KAS DAN SETARA KAS

AKHIR TAHUN 171,970 210,935 620,103
 ER Tbk DAN ENTITAS ANAK
S KONSOLIDASIAN
Analisis Co
015-2019
ika serikat, kecuali dinyatakan lain)
2018 2019 2015

CASH FLOWS FROM

OPERATING ACTIVITIES
3,111,705 3,151,187 Receipts from customers 1490.39%
Payments to suppliers
(2,374,053) (2,293,452) and employees -1363.50%
737,652 857,735 Cash generated from operating activities 126.89%
5,313 12,805 Receipts of interest income 3.40%
(38,182) (155,546) Payments of taxes - net 27.15%
Payments of interest and
(160,256) (190,288) other financial charges -57.44%
Net Cash Provided by
544,527 524,706 Operating Activities 100.00%

CASH FLOWS FROM

INVESTING ACTIVITIES
Decrease (increase) in other current
(379,392) 91,992 and non-current assets
4,732 11,506 Proceeds from sale of fixed assets -84.50%
Decrease (increase) in
321 (597) due from related parties -0.10%
(5,000) Payment for short-term investment 0.00%
-0.05%
Purchase of fixed assets, assets under
construction and advances for
(372,722) (43,172) purchase of fixed assets 175.74%

8.91%
(3,621) Purchase of shares in an associate 0.00%
Net Cash Flows Provided by
(750,682) 54,729 (Used in) Investing Activities 100.00%

CASH FLOWS FROM F

INANCING ACTIVITIES
Proceeds from issuance of
472,903 154,485 medium-term notes
Proceeds from long-term bank loans
277,014 39,671 205.56%
Proceeds from long-term Murabahah
 35,976 28,337 payable and Musyarakah financing 8.83%
Payments of long-term Murabahah
(11,145) (10,314) payable and Musyarakah financing -6.01%
(37,999) (38,907) Payments of dividends -7.95%
Increase (decrease) in
short-term bank loans and
61,145 (43,418) Musyarakah financing - net 182.48%
(61,395) (63,404) Payments of finance lease liabilities -10.18%
(61,494) (78,620) Payments of long-term loans -45.36%
(130,600) (154,163) Payments of notes payables -100.99%
(196,494) (188,458) Payments of long-term bank loans -126.39%
(206,725) Payments of medium-term notes 0.00%
Net Cash Flows Provided by
347,911 (561,516) (Used in) Financing Activities 100.00%
Effects of Changes in Exchange Rates
(5,603) (410) on Cash and Cash Equivalents

NET INCREASE IN
136,153 17,509 CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS

620,103 756,256 AT BEGINNING OF YEAR

CASH AND CASH EQUIVALENTS

756,256 773,765 AT END OF YEAR
 Analisis Common Size

2016 2017 2018 2019

1619.06% 441.54% 571.45% 600.56%

-1455.33% -328.56% -435.98% -437.09%

163.73% 112.98% 135.47% 163.47%
2.21% 0.70% 0.98% 2.44%
-1.98% 2.32% -7.01% -29.64%

-63.96% -16.00% -29.43% -36.27%

100.00% 100.00% 100.00% 100.00%

50.54% 168.09%
9.86% -28.52% -0.63% 21.02%

0.72% -0.04% -0.04% -1.09%

0.00% 0.00% 0.00% -9.14%
0.13% 0.00% 0.00% 0.00%

-44.59% 30.26% 49.65% -78.88%

133.88% 98.29% 0.00% 0.00%

0.00% 0.00% 0.48% 0.00%

100.00% 100.00% 100.00% 100.00%

97.28% 135.93% -27.51%

-89.98% 327.63% 79.62% -7.06%

-2.86% 23.88% 10.34% -5.05%

4.26% -18.40% -3.20% 1.84%

4.68% -10.57% -10.92% 6.93%

2.03% 56.58% 17.57% 7.73%

19.96% -50.81% -17.65% 11.29%
27.26% -52.38% -17.68% 14.00%
58.92% -116.21% -37.54% 27.45%
75.74% -157.01% -56.48% 33.56%
0.00% 0.00% 0.00% 36.82%

100.00% 100.00% 100.00% 100.00%

 2015 2016
Penerimaan kas dari pelanggan 1490.39% 1619.06%
Pembayaran kas kepada pemasok dan karyawan -1363.50% -1455.33%
Kas yang diperoleh dari aktivitas operasi 126.89% 163.73%
Penerimaan penghasilan bunga 3.40% 2.21%
Pembayaran pajak - neto 27.15% -1.98%
Pembayaran bunga dan beban keuangan lainnya -57.44% -63.96%

2015 2016
Penurunan (kenaikan) aset tidak lancar lainnya
Penerimaan atas penjualan aset tetap -84.50% 9.86%
Penurunan (kenaikan) piutang pihak berelasi -0.10% 0.72%
Pembayaran investasi jangka pendek 0.00% 0.00%
Penerimaan deviden -0.05% 0.13%
pembelian aset tetap 175.74% -44.59%
Penurunan (kenaikan) aset tidak lancar lainnya 8.91% 133.88%
Pembelian saham pada entitas asosiasi 0.00% 0.00%
 2015 2016
Penerimaan dari penerbitan medium-term notes
Penerimaan dari pinjaman bank jangka panjang 205.56% -89.98%
Penerimaan dari utg Murabahah dan pembiayaan Musyarakah jk pjg 8.83% -2.86%
Pembayaran atas utg Murabahah dan pembiayaan Musyarakah jk pjg -6.01% 4.26%
Pembayaran dividen -7.95% 4.68%
Kenaikan (penurunan) pinjaman bank dan pembiayaan Musyarakah 182.48% 2.03%
Pembayaran liabilitas sewa pembiayaan -10.18% 19.96%
Pembayaran pinjaman jangka panjang -45.36% 27.26%
Pembayaran wesel bayar -100.99% 58.92%
Pembayaran pinjaman bank jangka panjang -126.39% 75.74%
Pembayaran atas medium-term notes 0.00% 0.00%
 2017 2018 2019
441.54% 571.45% 600.56% Proporsi aktivitas operasi
-328.56% -435.98% -437.09%
112.98% 135.47% 163.47% 2000.00%
0.70% 0.98% 2.44%
2.32% -7.01% -29.64%
-16.00% -29.43% -36.27% 1500.00%

1000.00%

500.00%

0.00%
an n si ga to a
gg awa era un ne nny
n p b - i
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-500.00% a a tiv gh
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2017 2018 2019

50.54% 168.09%
Proporsi Aktivitas Investasi
-28.52% -0.63% 21.02% 200.00%
-0.04% -0.04% -1.09%
0.00% 0.00% -9.14%
0.00% 0.00% 0.00% 150.00%

30.26% 49.65% -78.88%

98.29% 0.00% 0.00% 100.00%
0.00% 0.48% 0.00%
50.00%

0.00%

-50.00%

-100.00%
 0.00%

-50.00%

-100.00%

2017 2018 2019

97.28% 135.93% -27.51% Proporsi Aktivitas Pen
327.63% 79.62% -7.06%
23.88% 10.34% -5.05% 400.00%

-18.40% -3.20% 1.84%

300.00%
-10.57% -10.92% 6.93%
56.58% 17.57% 7.73% 200.00%
-50.81% -17.65% 11.29%
-52.38% -17.68% 14.00% 100.00%
-116.21% -37.54% 27.45%
0.00%
-157.01% -56.48% 33.56%
0.00% 0.00% 36.82% -100.00%

-200.00%
s operasi

2015
2016
2017
2018
2019

ga to ny
a
- ne in
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n
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bu
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Aktivitas Investasi

2015
2016
2017
2018
2019
 2019

porsi Aktivitas Pendanaan

2015
2016
2017
2018
2019