Catatan/
2016 2015
Notes
ASET LANCAR
Kas dan setara kas Piutang usaha,
setelah dikurangi penyisihan penurunan nilai
531,583 2c,2o,4,6c 294,441
sebesar Rp 23.110
43,047 2d,5 16,480
(2015: Rp 23.875)
Pihak ketiga
Pihak berelasi Piutang lain-lain 484,226 2d,2o,5,6c 29,159
Pihak ketiga 48,552 2d,35 42,387
Pihak berelasi 3,301 2d,2o,6c -
Persediaan 2,097,204 2e,7 1,691,575
Uang muka 181,536 8 181,051
Pajak dibayar dimuka 662,095 9 559,030
Total aset lancar 4,051,544 2,814,123
ASET TIDAK LANCAR
Investasi pada ventura bersama Piutang jangka
271,687 2b,10 109,215
panjang
86,672 2d,35 99,557
Pihak ketiga 2d,2o,6c,3
Pihak berelasi 367,632 487,119
Aset pajak tangguhan, bersih 5
Tanaman perkebunan Tanaman menghasilkan,
setelah dikurangi akumulasi penyusutan 1,021,615 2p,18c 304,729
sebesar 4,645,579 2f,2j,11a 4,098,397
Rp 1.775.210
Aset
(2015:hewan Aset tetap,
Rp 1.533.829)
setelah
Tanaman dikurangi akumulasi penyusutan
belum menghasilkan 2,029,323 2f,2j,11b 2,587,876
45,283 2g, 12 -
sebesar
10,027,968 2h,2j,13 9,361,731
Rp 4.325.739
Goodwill 55,951 2b 55,951
(2015: Rp 3.565.743)
Perkebunan plasma 631,941 2i,14 461,556
Tagihan restitusi pajak 878,711 18d 807,707
Aset lain-lain 112,216 2k 324,410
Total aset tidak lancar 20,174,578 18,698,248
TOTAL ASET 24,226,122 21,512,371
CONSOLIDATE
LAPORAN POSISI KEUANGAN KONSOLIDASIAN
FINANCIAL POSITIO
31 DESEMBER 2016 (Dinyatakan dalam jutaan Rupiah,
(Expressed in millions
kecuali dinyatakan lain)
s
Catatan/
Notes
2016 2015
LIABILITAS JANGKA PENDEK
Uang muka pelanggan
Pihak ketiga 503,507 15 224,282
Pihak berelasi 16,914 2o,6c,15 183,993
Utang usaha
Pihak ketiga 905,834 2l,16
2l,2o,6c,1 707,235
Pihak berelasi 34,274 26,300
Liabilitas lain-lain 6
Pihak ketiga 58,081 2l 44,810
Pihak berelasi 3,934 2l,2o,6c -
Akrual 93,921 17 88,523
Utang pajak 272,697 2p,18b 166,082
Kewajiban imbalan kerja 68,592 2s,20 56,048
Pinjaman bank jangka
Bagian pinjaman bank pendek
jangka 400,000 2q,19 700,000
panjang yangsatu
dalam waktu jatuhtahun
tempo 1,585,213 2q,19 1,324,860
Total liabilitas jangka pendek 3,942,967 3,522,133
LIABILITAS JANGKA PANJANG
Pinjaman bank jangka panjang,
setelah dikurangi bagian yang jatuh tempo
dalam
waktu satu tahun 2,115,811 2q,19 5,707,964
Liabilitas pajak tangguhan, bersih 56,977 2p,18c 70,564
Kewajiban imbalan kerja 516,885 2s,20 512,923
Total liabilitas jangka panjang 2,689,673 6,291,451
Total liabilitas 6,632,640 9,813,584
EKUITAS
Ekuitas yang dapat diatribusikan
kepada pemilik Perusahaan:
Modal saham 962,344 21 787,373
Tambahan modal disetor 3,878,995 2b,22 83,603
Saldo laba:
Dicadangkan 157,500 24 157,500
Belum dicadangkan 12,136,445 10,256,340
17,135,284 11,284,816
Kepentingan nonpengendali 458,198 2b,23 413,971
Total ekuitas 17,593,482 11,698,787
TOTAL LIABILITAS DAN EKUITAS 24,226,122 21,512,371
RI Tbk
BSIDIARIES
CONSOLIDATED STATEMENT OF
FINANCIAL POSITION 31 DECEMBER 2016
CONSOLIDATED STATEMENT OF
FINANCIAL POSITION 31 DECEMBER 2016
Expressed in millions of Rupiah, unless otherwise
stated)
CURRENT LIABILITIES
Advances from customers
Third parties
Related parties
Trade payables
Third parties
Related parties
ther liabilities
Third parties
Related parties
Accruals
Taxes payable
Employee benefits obligations
Short-term bank loans
Current maturities of
long-term bank loans
Total current liabilities
NON-CURRENT LIABILITIES
Non-controlling interests
Total equity
TOTAL LIABILITIES AND EQUITY
CURRENT ASSETS
PT ASTRA AGRO LESTARI Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CONSOLIDATED STATEME
LAPORAN LABA RUGI DAN PENGHASILAN
LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN
AND OTHER COMPREHE
UNTUK TAHUN YANG BERAKHIR
FOR THE YEAR
31 DESEMBER 2016
31 DECEMBER
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan
(Expressed in millions of Rupi
lain) Catatan/
2016 2015 stated)
Notes
Pendapatan bersih 14,121,374 2m,27 13,059,216
Beban pokok pendapatan (10,445,360) 2m,28 (9,977,118)
Laba bruto 3,676,014 3,082,098
Beban umum dan administrasi (676,626) 2m,29 (691,412)
Beban penjualan (340,780) 2m,29 (537,533)
Biaya pendanaan
(144,873) 2m,30 (125,509)
Keuntungan/(kerugian)
200,613 2n (580,368)
selisih kurs, bersih
Penghasilan bunga Bagian atas
25,588 31 27,776
hasil bersih
(12,528) 2b,10 5,002
ventura bersama
Lain-lain, bersih (518,630) 32 (4,541)
(1,467,236) (1,906,585)
Laba sebelum pajak penghasilan 2,208,778 1,175,513
Beban pajak penghasilan (94,479) 2p,18a (479,829)
Laba tahun berjalan 2,114,299 695,684
Penghasilan komprehensif lain:
Pos-pos yang tidak akan
direklasifikasi ke laba rugi: 87,317 2s,20 (8,374)
Pengukuran kembali atas kewajiban
imbalan pasca kerja
Pajak penghasilan terkait (21,829) 18c 2,093
65,488 (6,281)
Total
Laba laba
yangkomprehensif
dapat diatribusikan 2,179,787 689,403
kepada:
Pemilik Perusahaan 2,006,973 619,107
Kepentingan nonpengendali 107,326 76,577
2,114,299 695,684
Total laba komprehensif yang
dapat diatribusikan kepada: 2,070,649 612,292
Pemilik Perusahaan
Kepentingan nonpengendali 109,138 77,111
2,179,787 689,403
Laba per saham dasar/dilusian
1,135.85 2t,33 393.15
(Rupiah penuh)
I Tbk
SIDIARIES STATEMENT OF PROFIT OR
NSOLIDATED
LOSS
ND OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED
31 DECEMBER 2016
pressed in millions of Rupiah, unless otherwise
stated)
Net revenue
Cost of revenue
Gross profit
General and administrative
expenses
Selling expenses
Finance cost Foreign exchange
gains/(losses), net
Interest income Share of results of
joint ventures
Others, net
Profit before income tax
Income tax expense
Profit for the year
Other comprehensive income:
Items not to be reclassified
to profit or loss:
Remeasurements from post-
employment benefit obligations
Related income tax
Total comprehensive income
Profit attributable to:
Owners of the Company
Non-controlling interests
- - 3,970,363 -
total ekuitas/
total equity
2015
11,833,778 Balance at 1 January
(824,394) 2015
Cash dividends
Comprehensive
689,403
income for theat
Balance year
31
11,698,787
December 2015
2016
11,698,787 Balance at 1 January
2016
pKelapa sawit/Oil palm:
r
i
n
c
i
p
a
l
a
c
t
PT Sari Lembah Subur
PT Tunggal Perkasa
Plantations
PT Sawit Asahan Indah
PT Perkebunan Lembah
PT Karya Tanah Subur
PT Sari Aditya Loka
PT Letawa
PT Suryaraya Lestari
PT Pasangkayu
PT Mamuang
PT Bhadra Sukses
PT Gunung Sejahtera
Dua lndah
PT Gunung Sejahtera
Puti Pesona Sejahtera Ibu Pertiwi
PT Gunung
PT Suryaindah
Nusantarapagi
PT Agro Menara Rachmat
PT Bhadra
NirmalaCemerlang
Agro Lestari
PT Gunung Sejahtera
Yoli Makmur
PT Persadabina Nusantaraabadi
Kelapa sawit/Oil palm
(lanjutan/continued):
PT Gunung Sejahtera
Raman Permai
PT Karyanusa Ekadaya
PT Palma Plantasindo
PT Cakradenta Agung
Karet/Rubber:
PT Pandji Waringin
Manufaktur dan jasa/
Manufacturing and services:
PT Eka Dura Perdana
Susunan anggota Dewan Komisaris, Direksi dan Komite Audit Perusahaan adalah sebagai
Kas dan setara kas mencakup kas, bank dan investasi jangka pendek yang jatuh tempo
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
31 DESEMBER 2016
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)
e. Persediaan e. Inventories
Persediaan diakui sebesar nilai yang lebih
rendah antara harga perolehan dan nilai realisasi bersih.
Harga perolehan barang jadi terdiri dari semua biaya yang terjadi di perkebu
perkebunan dengan luas hektar tertanam sebagai dasar alokasi dan biaya pengolahan
Nilai realisasi bersih adalah estimasi harga penjualan dalam kegiatan usaha bia
biaya penjualan.
Tanaman belum menghasilkan dinyatakan sebesar harga perolehan yang meliputi bia
menghasilkan dan biaya tidak langsung lainnya yang dialokasikan berdasarkan
menghasilkan.
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
31 DESEMBER 2016
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)
Biaya-biaya setelah perolehan awal diakui sebagai bagian dari nilai tercatat aset
biaya perolehannya dapat diukur secara andal. Jumlah tercatat komponen yang
konsolidasian pada saat terjadinya.
Apabila aset tetap tidak digunakan lagi atau dijual, maka nilai tercatat dan akum
komprehensif lain konsolidasian.
Pendapatan bersih adalah pendapatan Grup yang diperoleh dari penjualan bara
Pendapatan dari penjualan barang jadi diakui pada saat risiko dan manfaat kepemili
kepada pelanggan.
Beban pajak penghasilan terdiri dari pajak penghasilan kini dan pajak peng
Semua perbedaan temporer antara jumlah tercatat aset dan liabilitas dengan da
saat ini dipakai untuk menentukan pajak tangguhan.
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
31 DESEMBER 2016
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN (lanjutan)
p. Pajak penghasilan (lanjutan) p. Income taxes (continued)
Pengakuan pajak tangguhan atas perbedaan temporer yang dapat berupa aset
entitas.
Biaya pinjaman yang tidak dapat diatribusikan secara langsung pada suatu a
kapitalisasi dihitung berdasarkan rata-rata tertimbang biaya pinjaman yang di
dengan jumlah pinjaman yang tersedia selama periode.
Pinjaman diklasifikasikan sebagai liabilitas jan
dalam waktu lebih dari 12 bulan setelah pe
r. Provisi r. Provisions
Provisi diakui apabila Grup memiliki kewajiban hukum maupun konstruktif sebag
Provisi tidak diakui untuk kerugian operasi masa depan.
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
31 DESEMBER 2016
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN (lanjutan)
Biaya jasa lalu yang timbul dari amandemen atau kurtailmen program diakui
Keuntungan atau kerugian dari kurtailmen dan penyelesaian program manfaat pasti dia
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
31 DESEMBER 2016
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)
Grup hanya melakukan kontrak instrumen keuangan derivatif untuk melindungi eks
wajarnya.
Metode pengakuan keuntungan atau kerugian yang timbul tergantung dari apakah der
Perubahan
Perubahan nilai wajar
nilai wajarderivatif
derivatif
yang yang
tidakditetapkan dan memenuhi kriteria lindung
nilai
Nilai atas
Pengukuran risiko
wajar suku
instrumen
nilai bunga
wajar sehubungan
keuangan
atas interest dengan
derivatif
rate liabilitas yang berdasarkan
diklasifikasikan
swaps ditentukan diakui (lindung
sebagai nilasl
asettingkat
atau
2.
CATATAN lindung
IKHTISAR
memenuhi
ATAS
w. kas). nilai
LAPORAN untuk
KEBIJAKAN
kriteria
Instrumen keuangan tujuan
lindung
KEUANGANakuntansi,
nilai
derivatif untuk maka
AKUNTANSI
tujuan
KONSOLIDASIAN
(lanjutan) SIGNIFIKAN
akuntansi diakui (lanjutan)
pada laba rugi.
w. Derivative financial instru
berdasarkan tingkat kerugian
suku bunga pasar yangdi dapat diobservasi.
x. keuntungan
31 DESEMBER 2016 atau
Penerapan pernyataan standar kumulatif
Perubahan
akuntansi ekuitas,
atas
baru diakui
nilai pada
wajarlaba rugi.kontrak inter
dari
(Dinyatakan
Standardalam jutaanyang
akuntansi Rupiah,
telahkecuali lain. Nilai
dinyatakan
dipublikasikan lain) ini kemudian diakui dalam laba rug
dan relevan terhadap kegiatan operasi Grup bunga tersebut
adalah mempengaruhi
sebagai berikut: laba rugi.
Berlaku efektif untuk tahun buku yang dimulai pada atau setelah tanggal 1 Januari 2016:
Indonesia Tbk
Bank lainnya
Mata uang asing PT Bank Rakyat
Indonesia Tbk
Cargill International
Trading Pte. Ltd.
Josovina Commodities Pte. Ltd
Satu
Lebihsampai duabulan
dari dua bulan
s
u
Dikurangi:
m penyisihan penurunan nilai
m
a
r
y
o
f
t
h
e
Mata uang asing
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
31 DESEMBER 2016
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)
5. PIUTANG USAHA (lanjutan) 5. TRADE
Pihak-pihak berelasi/
Related parties
PT Astra Graphia Tbk (AG)
Astra-KLK Pte. Ltd. (ASK)
PT Kreasijaya Adhikarya (KJA)
Komisaris dan Direksi Perusahaan
dan Entitas Anak/
Commissioners and Directors
of the Company and Subsidiaries
Aset
Kas dan setara kas Rupiah
PT Traktor Nusantara
PT Serasi Autoraya
PT United Tractors Pandu Engineering
PT Serasi Shipping
Indonesia
PT Astra Otoparts Tbk PT Swadaya Harapan
Nusantara
Lain-lain
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
31 DESEMBER 2016
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)
6. INFORMASI MENGENAI PIHAK BERELASI
(lanjutan)
Entity name
2016
Astra-KLK Pte. Ltd.
PT Kreasijaya
Adhikarya
2015
a
h
a
a
Astra-KLK
n Pte. Ltd.
a
t
a
s
PT Kreasijaya
a
s
e
t
,
Adhikarya
l
i
a
b
i
l
i
t
a
s
d
a
n
Mutasi nilai menurut jenis tanaman: M
Saldo awal/
Beginning Penambahan/ Reklasifikasi/ Penguran
balance Additions Reclassification Dispos
2016
Harga perolehan
Kelapa sawit 5,627,630 -
Karet 4,596 -
Akumulasi penyusutan
Kelapa sawit
Karet
2016
Status areal tanaman menghasilkan telah memiliki legalita
2015
Kelapa sawit
Dengan pertimbangan asas manfaat dan biaya dimana luasan are
perkebunan tidak diasuransikan.
Tanah
Alat pengangkutan
Peralatan kantor dan perumahan
Aset dalam penyelesaian
Prasarana jalan dan jembatan Bangunan, instalasi dan
Mesin dan peralatan
Akumulasi penyusutan
Prasarana jalan dan jembatan Bangunan, instalasi dan
Mesin dan peralatan
Alat pengangkutan
Peralatan kantor dan
perumahan
Nilai buku bersih
Pengurangan aset tetap dan aset dalam penyelesaian, te
pengalihan kebun inti menjadi kebun plasma.
Penambahan harga perolehan dan akumulasi penyusutan sehubu
pada tahun 2016PT masing-masing ASTRA AGRO LESTARI sebesar RpTbk 87.270 DAN jutaENTdan
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
13. ASET TETAP
31 DESEMBER 2016(lanjutan) 13. FIXED ASSETS (continued)
2015
(Dinyatakan dalam jutaan Kepemilikan
Rupiah, kecuali
Tanah
langsung
Saldo dinyatakan
awal/ lain) Reklasifikasi/ S
Harga perolehan
Beginning Penambahan/ Reclassifi- Pengurangan/
Prasarana jalan dan jembatan
Bangunan, instalasi dan Additions cations Disposals
balance
Mesin dan peralatan
Alat pengangkutan
Peralatan kantor dan perumahan
Aset dalam penyelesaian
Prasarana jalan dan jembatan Bangunan, instalasi dan
Mesin dan peralatan
Akumulasi penyusutan
Prasarana jalan dan jembatan Bangunan, instalasi dan
Dari sisi anggaran biaya konstruksi pada tanggal laporan posisi keuanga
akan selesai pada tahun 2016).
Hak atas tanah berupa HGU dan Hak Guna Bangunan (HGB) den
Nilai wajar aset tetap pada tanggal laporan posisi keuangan adalah s
tidak berbeda signifikan. Nilai wajar tanah dan bangunan berdasarkan
Jumlah harga perolehan aset tetap yang telah disusutkan penuh dan
Manajemen berpendapat bahwa tidak
14. PERKEBUNAN PLASMA 14. terdapat
PLASMA penurunan atas nilai terc
PLANTATIONS
Akun ini merupakan perkebunan plasma yang masih dalam tahap pengembangan dan
Sesuai dengan kebijakan Pemerintah Indonesia, hak guna usaha untuk perkebunan di
Beberapa entitas anak mengembangkan perkebunan plasma dengan pola Kredit
Pada pola KKPA, perjanjian kerjasama ditandatangani oleh petani plasma melalu
akan diserahterimakan
ke petani plasma (“serah terima perkebunan plasma”).
Nilai serah terima umumnya telah ditentukan pada saat penandatanganan perjanjian ker
plasma.
Sejak serah terima perkebunan plasma, petani plasma berkewajiban menjual hasil
anak dari penjualan tersebut.
Pendanaan perkebunan plasma tersebut dijamin dengan tanah dan tanaman perkebunan
penjualan buah dari kebun plasma di masa yang akan datang.
Rincian lokasi dari saldo perkebunan plasma yang ada:
Rupiah
Mata uang asing
Utang usaha terutama
pembelian TBS, pupuk, pestisida, suku cadang dan bahan tanaman lai
14 hari sampai dengan 45 hari.
Tangguhan
Entitas anak
Tangguhan
Konsolidasian
Tangguhan
Entitas anak
kini - Perusahaan
dimuka - Perusahaan:
Pasal 23
Beban
I pajak penghasilan
n kini - entitas anak
c
o
m
e
t
a
x
dimuka - entitas anak:
Pasal 22
Pasal 23
Pasal 25
Jumlah
Dikreditkan /
Perusahaan Dikreditkan/ (dibebankan) ke
Employee benefits Selisih (dibebankan)
nilai buku asetke penghasilan laba tahun
Kewajiban imbalan kerja Bebandan
tetap
15,073 ditangguhkan
tanaman fiskal dan
2,285 akuntansi
berjalan/ Credited/(charged) (2,329) 15,0
Difference between tax Credited/(charged) to other
to profit for comprehensive
2015 the year income
Entitas anak
Akumulasi rugi pajak
Rugi pengembangan
perkebunan plasma
Keuntungan yang
belum direalisasi
Jumlah aset pajak
tangguhan, bersih
Rugi pengembangan
perkebunan plasma
Kewajiban imbalan kerja
Selisih nilai buku aset
tetap dan tanaman
fiskal dan akuntansi
waktu penggunaannya:
Tidak ada jaminan atas fasilitas ini dan akan berakhir 36 bula
Jumlah pinjaman pada tanggal 31 Desember 2016 dan 2015 dalam mata uang Dolar AS d
(2015: 1,98% - 2,75%).
Jatuh tempo revolving loan adalah 3 bulan sesudah penarikan, dimana Perusahaan m
loan dengan jadwal
cicilan pembayaran pada Maret 2017 - Maret 2018.
Perikatan keuangan atas fasilitas ini adalah rasio Consolidated Net Borrowings
yang relevan tidak melebihi dari 1,5:1.
Pada tanggal 22 April 2015 dan 25 Juni 2015, Perusahaan menandatangani perjanjian
suku bunga variabel pinjaman yang diperoleh dari Mizuho Bank, Ltd.,
Singapura.
Perjanjian IRS ini mempunyai nilai nosional sebesar AS$ 26 juta dan AS$ 8,67
tanggal 2 Maret 2018.
Jumlah pinjaman pada tanggal 31 Desember 2016 dan 2015 dalam mata uang Dolar AS d
2,75% (2015: 2,29% - 2,75%).
Jatuh tempo revolving loan adalah 3 bulan sesudah penarikan, dimana Perusahaan m
loan dengan jadwal cicilan pembayaran mulai Mei 2017 - Agustus 2018.
Perikatan keuangan atas fasilitas ini adalah rasio Consolidated Net Borrowings
yang relevan tidak melebihi dari 1,5:1.
Pada tanggal 23 September 2015, Perusahaan menandatangani perjanjian Interest Rate
tingkat suku bunga variabel pinjaman yang diperoleh dari The Bank of
Tokyo-Mitsubishi UFJ, Ltd., cabang Jakarta.
- Fasilitas kredit lokal (Rekening Koran) dengan jumlah tidak melebihi Rp 50 miliar
- Fasilitas uncommitted Pinjaman Berjangka Money Market (PBMM) dengan jumlah
1 bulan sesudah penarikan dengan suku bunga ditentukan berdasarkan Surat
Jumlah pinjaman untuk fasilitas uncommitted Pinjaman Berjangka Money Market (
Tidak ada jaminan atas fasilitas ini dan akan berakhir pada tanggal 2 Pebruari 2017.
Perjanjian tertanggal 29 Desember 2015, dengan fasilitas komitmen yang tersedia berup
tahunan adalah 1,75% diatas JIBOR.
Perusahaan memiliki diskresi untuk memperpanjang hingga akhir masa perja
Jumlah pinjaman untuk fasilitas Time Loan Revolving pada tanggal 31 Desember
Tidak ada jaminan atas fasilitas ini dan akan berakhir pada tanggal 2 November 2018
Perikatan keuangan atas fasilitas ini adalah rasio Consolidated Net Borrowings
yang relevan tidak melebihi dari 1,5:1.
Tidak ada jaminan atas fasilitas ini dan akan berakhir 36 bulan sejak tanggal perjanji
Jumlah pinjaman pada tanggal 31 Desember 2016 dan 2015 dalam mata uang Dolar AS d
2,36% (2015: 2,02%).
Jatuh tempo revolving loan adalah 1 bulan sesudah penarikan, dimana Perusahaan m
persyaratan perpanjangan dan perikatan keuangan.
Perikatan keuangan atas fasilitas ini adalah rasio Consolidated Net Borrowings
yang relevan tidak melebihi dari 1,5:1.
- Sight letter of credit, Usance letter of credit dan/atau Sight SKBDN, Usance
- Transaksi valuta asing dengan pagu maksimum AS$ 10 juta.
Fasilitas ini tidak dijamin dan berakhir pada tanggal 21 April 2017.
Kewajiban imbalan kerja dihitung oleh PT Milliman Indonesia, aktuaris independen, dala
2016).
Saldo awal
Biaya bunga
Hasil aset program yang diharapkan
Pengukuran kembali:
Imbal atas hasil aset program, tidak termasuk jumlah dalam (penghasi
beban bunga
Perubahan dalam asumsi keuangan
Saldo awal
Biaya jasa kini
Biaya bunga
(Keuntungan)/kerugian aktuarial
Kontribusi dan imbalan yang dibayar
Saldo akhir
Mutasi nilai wajar aset program adalah sebagai berikut:
2016
Saldo awal
Hasil aset program yang diharapkan
Keuntungan/(kerugian) aktuarial
Kontribusi dan imbalan yang dibayar
Saldo akhir
Instrumen ekuitas
Instrumen utang
Lain-lain
2016
Tingkat diskonto
2015
Tingkat diskonto
Tingkat kenaikan gaji
di masa datang
Pemegang saham
Agio saham
Dalam Rapat Umum Tahunan Pemegang Saham yang diselenggarakan pada tanggal 14 Ap
yang tercatat pada tanggal 24 April 2015. Dari jumlah dividen tersebut, termasuk di dala
telah diputuskan oleh Rapat Direksi dan disetujui oleh Dewan Komisaris pada tanggal
17 September 2014.
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
31 DESEMBER 2016
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)
26. INFORMASI SEGMEN OPERASI 26. OPERA
Pada dasarnya Grup bergerak dalam satu segmen operasi yaitu usaha
Pendapatan bersih/ Laba bruto/
Net revenue Gross profit
Sumatera
Kalimantan
Sulawesi
Eliminasi
14,121,374 13,059,216 3,676,014 3,082,098
PT Intibenua Perkasatama
Lain-lain (masing-masing < 10%)
Pihak berelasi
(lihat Catatan 6b)
28.
CATATAN BEBAN POKOK
ATAS PENDAPATAN
LAPORAN KEUANGAN KONSOLIDASIAN 28. COST O
2016
31 DESEMBER 2016 2015
(DinyatakanPenyusutan
dalam jutaan Rupiah,infrastruktur
Perawatan kecuali dinyatakan lain)
Gaji
dan dan kesejahteraan
peralatan karyawan
Perbaikan dankerja
perawatan pabrik
Jumlah beban produksi
Persediaan barang jadi:
Tidak ada pembelian dari satu pemasok pihak ketiga maupun sat
Beban penjualan
Terutama merupakan beban pengiriman dan ongkosSelling
angkut.ex
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
31 DESEMBER 2016
30. BIAYAdalam
(Dinyatakan PENDANAAN
jutaan Rupiah, kecuali dinyatakan lain)
(669,233)
Beban penyisihan sehubungan dengan skala dan nilai ekonomis a
perbandingan harga pasar menggunakan asumsi nilai per hektar.
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
31 DESEMBER 2016
Grup
(Dinyatakan dalam jutaan tidak kecuali
Rupiah, memilikidinyatakan
efek berpotensi
lain) saham yang bersifat dilutif sehingg
34. ASET DAN LIABILITAS MONETER DALAM MATA UANG ASING
Saldo utama atas aset dan liabilitas moneter dalam mata uang asing adalah dolar AS, sedangk
mata uang asing lainnya disajikan dalam jumlah yang setara dengan dolar AS.
Apabila kurs mata uang asing liabilitas moneter bersih pada tanggal 31 Desemb
175.635 juta
(2015: turun/naik sebesar Rp 484.477 juta).
Pihak ketiga
PT Agro Maju Raya
Pihak berelasi
(lihat Catatan 6c)
Tagihan kepada PT
Seluruh piutang dilakukan evaluasi secara periodik sehingga dapat diantisipasi kolektibilitasn
Profil jatuh tempo pinjaman jangka pendek adalah 1 minggu dan 1 bulan sejak tanggal penari
2018, sedangkan untuk utang usaha adalah berkisar 14 hari sampai dengan 45 hari.
Dari total pinjaman Grup, sebesar Rp 3.031 miliar (2015: Rp 6.560 miliar) merupakan
(2015: Rp 1.173 miliar) telah dilindung nilai menjadi tingkat suku bunga tetap.
Sesuai kondisi saat ini, Grup mengelola risiko fluktuasi suku bunga pasar dan selisih
atas
Pada fluktuasi
tanggal 31suku bunga pinjaman
Desember dan secara
2016, apabila aktif
tingkat sukumencari
bunga biaya modal
pinjaman yang
lebih lebih komr
tinggi/lebih
(2015: turun/naik
Nilai wajar sebesar Rp
aset keuangan dan5.556 juta).keuangan tidak berbeda signifikan dengan nilai tercat
liabilitas
Total liabilitas
Goodwill
Kekayaan berwujud bersih
Perhitu
Penentuan provisi perpajakan memerlukan perti
RAL
ma PT Suryaraya Cakrawala berdasarkan Akta Notaris Ny. Rukmasanti Hardjasatya, S.H.,
penggabungan
sama. usahaPerusahaan
Akta pendirian dengandanPT perubahannya
Suryaraya disahkan
Bahtera oleh
melalui
Menteri perjanjian
Kehakimanpenggabungan usaha yd
Republik Indonesia
ntuan19hukum
i 1997.
gal dan 1989,
peraturan
Penggabungan
Desember usaha yang berlakudengan
ini dicatat
Tambahan di pasar modal,
metodetermasuk perubahan
penyatuan nama Perusahaan
kepemilikan menjadi SP
(pooling of interest).
akan
dari dengan Akta Notaris Benny Kristianto, S.H., No. 65 tanggal 11 Agustus 1997. Perubahan Anggaran D
kan Perubahan
uh). dalam Lembaran
nama dan Berita Negaramodal
peningkatan Republik
dasar Indonesia
Perusahaan No. 95 tanggal
ini diaktakan dengan Akta Notaris Be
.97 tanggal
ra Republik Indonesia No. 95 tanggal
RAL (continued)
perubahan. Perubahan modal ditempatkan dan disetor penuh serta persetujuan para pemegang saham
ggal 20 Juli 2016adalah
an Perusahaan dan telah disahkan oleh
perkebunan, Menteri Hukum
perdagangan umum, dan Hak Asasi Manusia
perindustrian, Republik Indonesia dengan
pengangkutan,
lan Pulo Ayang Raya Blok OR no. 1, Kawasan Industri Pulogadung, Jakarta. Perkebunan kelapa sawit dan p
a tahun 1995.
ovember 1997, penawaran umum perdana saham biasa Perusahaan kepada masyarakat sebanyak
10 Mei 1999, disetujui untuk mengeluarkan saham bonus sebanyak 251,6 juta saham.
10 Mei 2000, disetujui untuk memberikan hak opsi kepada karyawan Grup yang memenuhi syarat un
2016, Penawaran Umum Terbatas I dalam rangka Hak Memesan Efek Terlebih Dahulu sebanyak 349,94 juta
menjadi efektif.
ONSOLIDASIAN
1. GENERAL (continued)
atakan lain)
amnya di Bursa Efek Indonesia.
encakup akun-akun entitas anak dimana Perusahaan mempunyai kemampuan untuk mengendalik
Bhakti
ONSOLIDASIAN
1. GENERAL (continued)
atakan lain)
PT Cakung Permata
Nusa
n entitas
theson Holdings Ltd, yang didirikan di Bermuda,
RAL (continued)
2016
Standar Akuntansi Keuangan di Indonesia dan disetujui Direksi pada tanggal 20 Pebruari 2017.
pkan dalam penyusunan laporan keuangan konsolidasian.
n
konsep biaya perolehan dan atas dasar akrual, kecuali untuk laporan arus kas konsolidasian.
n (lanjutan)
Standar Akuntansi Keuangan Indonesia mengharuskan manajemen untuk membuat estimasi dan asu
atan dan beban selama periode pelaporan. Hasil yang sebenarnya mungkin berbeda dari jumlah yang di
Grup adalah Rupiah. Seluruh angka dalam laporan keuangan konsolidasian ini, kecuali dinyataka
rinciples of consolidation
an aset dan liabilitas pada tanggal laporan posisi keuangan dan hasil usaha untuk tahun yang be
hak atas imbal hasil variabel dari keterlibatannya dengan entitas dan memiliki kemampuan untuk
Biaya perolehan termasuk nilai
sif entitas anak diidentifikasi sesuai proporsinya dan disajikan sebagai bagian dari total laba komp
entitas anak diidentifikasi pada tanggal kombinasi bisnis yang selanjutnya disesuaikan dengan proporsi a
KAN (lanjutan)
ahaan-perusahaan yang
ran keuangan konsolidasian.
i antara jumlah harga perolehan investasi dengan proporsi nilai wajar aset bersih entitas anak pada
dicatat dengan menggunakan metode yang serupa dengan metode penyatuan kepemilikan. Selisi
as pada laporan posisi
h suatu entitas dimana Perusahaan memiliki pengendalian bersama dengan satu venturer atau lebih. Ve
ngan menggunakan metode ekuitas.
ash and cash equivalents
pendek yang jatuh tempo dalam waktu tiga bulan atau kurang.
KAN (lanjutan)
Trade and other receivables
iutang lain-lain pada awalnya diakui sebesar nilai wajar dan selanjutnya diukur pada biaya pe
dikurangi penyisihan penurunan nilai yang dibentuk berdasarkan bukti obyektif bahwa saldo piu
nventories
yang terjadi di perkebunan termasuk alokasi biaya tidak langsung
okasi dan biaya pengolahan.
erolehan yang meliputi biaya persiapan lahan, penanaman, pemupukan dan pemeliharaan termasuk kapita
dialokasikan berdasarkan luas hektar tertanam. Pada saat tanaman sudah menghasilkan, akumulasi harg
KAN (lanjutan)
Plantations (continued)
menghasilkan dimulai pada tahun tanaman tersebut menghasilkan dengan menggunakan metode garis l
h berumur tiga sampai dengan empat tahun yang pada umumnya telah menghasilkan tandan buah segar
berumur lima sampai dengan enam
vestocks
rsediaan ternak sapi untuk dikembangbiakan. Aset hewan yang tidak produktif direklasifikasi ke pers
ngan nilai realisasi bersih.
ehan aset hewan terdiri
awal dan biaya yang terjadi selama masa produktif.
xed assets
arga perolehan (Model Biaya) dikurangi akumulasi penyusutan, kecuali tanah tidak disusutkan. Beba
n metode garis lurus selama taksiran masa manfaat ekonomis
n dari nilai tercatat aset tetap atau sebagai aset yang terpisah hanya apabila kemungkinan besa
ercatat komponen yang diganti, dihapusbukukan. Biaya pemeliharaan dan perbaikan lainnya dibebankan d
nilai tercatat dan akumulasi penyusutannya dikeluarkan dari laporan keuangan konsolidasian, se
n dinyatakan sebesar harga perolehan dan disajikan sebagai bagian dari aset tetap. Akumulasi harga peroleh
n penyusutan mulai dibebankan pada saat itu.
Plasma plantations
terjadi dalam pengembangan perkebunan plasma sampai perkebunan tersebut siap diserah-terima
ukur pada
tisasi.
perkebunan plasma dengan nilai serah-terimanya dibebankan pada laporan laba rugi dan
KAN (lanjutan)
Impairment of non-financial assets
tidak lancar lainnya, termasuk aset takberwujud, ditelaah untuk mengetahui apakah telah terjadi pen
ak dapat diperoleh kembali. Kerugian akibat penurunan nilai diakui sebesar selisih antara nilai tercatat aset d
roleh kembali adalah nilai yang lebih tinggi antara nilai wajar dikurangi biaya untuk menjual dan nila
erpisah.
n, aset nonkeuangan, selain goodwill, yang telah mengalami penurunan nilai ditelaah untuk menentu
aba rugi, tetapi tidak boleh melebihi akumulasi rugi penurunan nilai yang telah diakui
Deferred charges
bilitas lain-lain pada awalnya diakui sebesar nilai wajar dan selanjutnya diukur pada biaya perole
rial.
evenue and expense recognition
leh dari penjualan barang jadi setelah dikurangi diskon, retur, potongan penjualan, pajak ekspor
iko dan manfaat kepemilikan barang secara signifikan telah berpindah
KAN (lanjutan)
uang asing dijabarkan ke mata uang Rupiah dengan menggunakan kurs yang berlaku pada tanggal trans
ku saat itu.
ian selisih kurs yang timbul dari transaksi dalam mata uang asing dan penjabaran aset dan liabilitas m
ma yang digunakan adalah dolar Amerika Serikat (“AS$”), dimana kurs pada tanggal laporan posisi keu
as anak mempunyai transaksi dengan pihak berelasi. Definisi pihak berelasi yang dipakai adalah ses
g dapat berupa aset atau liabilitas dan pengakuan aset pajak tangguhan dari akumulasi rugi p
diakui apabila besar kemungkinan jumlah penghasilan kena pajak di masa mendatang akan memadai
nfaatkan.
orrowings
wajar, dikurangi dengan biaya- biaya transaksi yang terjadi. Selanjutnya, pinjaman diukur pada bi
ektif.
sung pada suatu aset kualifikasian, jumlah yang dikapitalisasi ditentukan dengan mengal
aya pinjaman yang dibagi
.
kan sebagai liabilitas jangka pendek kecuali Grup memiliki diskresi dan niat untuk memperpanjang
dari 12 bulan setelah periode pelaporan.
Provisions
aupun konstruktif sebagai akibat peristiwa masa lalu, dan besar kemungkinan penyelesaian kewa
KAN (lanjutan)
Employee benefits
t-term employee benefits
a karyawan.
.
nsiun merupakan nilai kini kewajiban imbalan pasti pada tanggal laporan posisi keuangan dikurangi de
metode
endiskontokan estimasi arus kas masa depan dengan menggunakan tingkat bunga obligasi pemerintah
angka waktu yang sama dengan kewajiban imbalan pensiun yang
minimum yang diatur dalam UU No. 13/2003, yang merupakan kewajiban imbalan kerja. Jika imbala
gian aktuarial yang timbul dari penyesuaian dan perubahan dalam asumsi-asumsi aktuarial
am saldo laba.
ailmen program diakui sebagai beban dalam laba rugi pada saat terjadinya.
program manfaat pasti diakui ketika kurtailmen dan penyelesaian tersebut terjadi.
KAN (lanjutan)
Employee benefits (continued)
imbalan pascakerja lainnya (lanjutan)
ng lain seperti cuti berimbalan jangka panjang dan penghargaan jubilee diberikan berdasarkan peraturan G
n ke nilai kini.
usian dihitung dengan membagi laba yang dapat diatribusikan kepada pemilik Perusahaan dengan ra
konversi
yang bersifat dilutif.
vidends
ika dividen tersebut disetujui Rapat Umum Pemegang Saham Perusahaan. Pembagian dividen interim
KAN (lanjutan)
egment reporting
kan dengan cara yang konsisten dengan pelaporan internal yang diberikan kepada pengambil kepu
keputusan
Derivative financial instruments
vatif untuk melindungi eksposur yang mendasarinya (“underlying”). Instrumen keuangan derivatif diuk
rgantung dari apakah derivatif tersebut dimaksudkan sebagai instrumen lindung nilai untuk tujuan a
memenuhi kriteria lindung nilai atas arus kas untuk tujuan akuntansi, bagian efektifnya, diakui di penghasilan
yang
kan
kan diakui (lindung
sebagai
berdasarkan nilaisuku
asettingkat
atau atasbunga
arus
liabilitas tidak lancar jika
kuotasian yangsisa jatuh tempo
diberikan instrumen
oleh bank keuangan
atas kontrak derivatif
yang lebih
dimiliki da
Gru
KAN
kui (lanjutan)
pada laba rugi.
Derivative financial instruments (continued)
asi.
pada
wajarlaba rugi.kontrak interest rate swaps yang ditetapkan sebagai instrumen lindung nilai, yang secara e
dari
an diakui dalam laba rugi sebagai penyesuaian atas beban bunga pinjaman terkait yang dilindung nilai pad
garuhi laba rugi.
kut:
assets
d/Intangible assets
mployee benefits
gan konsolidasian/Consolidated financial
ma/Joint arrangements
epentingan dalam entitas lain/Disclosure of
an)
ntuk tahun buku yang dimulai pada atau setelah tanggal 1 Januari 2016:
gan/Presentation of financial
tatements
r: Tanaman Produktif/Agricultural Amendment 2015) Fixed Assets: Bearer Plant
i akta jual beli saham untuk mengakuisisi seluruh saham PT Mitra Barito Gemilang
efits yang
xes
ungkapan/Financial instrument:
itas yang diambil alih pada tanggal akuisisi adalah
NESS COMBINATION
Inventories
Immature plantations
Fixed assets
Other assets
Trade payables – third parties
Accruals
Other liabilities
Fair value
ONSOLIDASIAN
atakan lain)
4. CASH AND CASH EQUIVALENTS
atakan lain)
2016 2015
Deposito berjangka
Rupiah
5
Pihak ketiga
nilai
Pihak berelasi
Rupiah
ONSOLIDASIAN
atakan lain)
5. TRADE RECEIVABLES (continued)
h sebagai berikut:
Saldo awal
Saldo akhir
berkala terhadap kemungkinan debitur mengalami kesulitan keuangan yang signifikan, mengala
aran.
atakan lain)
BERELASI
n pihak- pihak berelasi (lanjutan)
an dengan
376,589 31%
168,309 8%
33,209 2%
13,956 4%
16,419 64%
ONSOLIDASIAN
atakan lain)
BERELASI
atakan lain)
BERELASI
c. Ikhtisar saldo hasil transaksi-tr
Piutang jan
asing PT Kreasijaya Adhikarya dikenakan bunga sebesar 2,5%
Ltd.
ineering
daya Harapan
dengan pihak-pihak berelasi
dan turun
anajemen berkeyakinan bahwa tidak ada persediaan yang mengalami penurunan nilai.
o kebakaran dan risiko lainnya dengan nilai pertanggungan sejumlah Rp 2.846 miliar (
ONSOLIDASIAN
atakan lain)
8. ADVANCES
an dan pembayaran sebagai berikut:
Persediaan
Bea impor
Asuransi
Pengangkutan
Pajak final
Lain-lain
9 PAJAK DIBAYAR DIMUKA
Pajak Pertambahan Nilai
Pajak Ekspor
ONSOLIDASIAN
atakan lain)
BERSAMA
Pendapatan bersih
11 TANAMAN PERKEBUNAN
a. Tanaman menghasilkan
Movements of amount based on plants variety:
Saldo akhir/
klasifikasi/ Pengurangan/ Ending
classification Disposals balance
2016
Acquisition costs
7,630 - 944,502 (163,714) 6,408,418 Oil palm
4,596 - 7,775 - 12,371 Rubber
ONSOLIDASIAN
11. PLANTATIONS (continued)
a. Mature plantations (continued)
atakan lain)
Saldo akhir/
Pengurangan/ Ending
Disposals balance
2015
Acquisition costs
6,401 532,355 (27,069) 5,627,630 Oil palm
- - - 4,596 Rubber
20,764 4,098,397 Net book value
2016 2015
Kalimantan
Sulawesi
Sumatera
Jawa
ONSOLIDASIAN
atakan lain)
n biaya dimana luasan areal yang tersebar di wilayah yang berbeda-beda yang dibandingkan dengan
12. LIVESTOCKS
ONSOLIDASIAN
atakan lain)
13. FIXED ASSETS
Saldo akhir/
angan/ Ending
osals balance
mesin
stalasi dan
mesin
stalasi dan
mesin
stalasi dan
mesin
stalasi dan
mesin
(2,739) -
688) (664,144) -
sebagai berikut:
607,807
108,295
66,305
n terhadap risiko kebakaran dan risiko lainnya dengan nilai pertanggungan sejumlah Rp 12.914 miliar (2
an kerugian atas risiko-risiko tersebut.
D ASSETS (continued)
ggal laporan posisi keuangan, aset dalam penyelesaian rata-rata telah mencapai persentase penyelesaian kuran
una Bangunan (HGB) dengan masa berlaku sampai dengan tahun antara 2017 dan 2099. Manajemen be
n posisi keuangan adalah sebesar Rp 13.042 miliar (2015: Rp 11.575 miliar). Perbedaan signifikan ter
n bangunan berdasarkan hirarki nilai wajar Tingkat 2 (“transaksi pasar yang dapat diobserv
elah disusutkan penuh dan masih digunakan adalah sebesar Rp 1.485 miliar (2015: Rp 1.204 miliar).
pat penurunan
SMA atas nilai tercatat aset tetap tersebut.
PLANTATIONS
tahap pengembangan dan piutang perkebunan plasma yang telah diserahterimakan kepada petani plasma
ha untuk perkebunan diberikan apabila perusahaan inti bersedia mengembangkan areal perkebunan untu
asma dengan pola Kredit Koperasi Primer untuk Anggotanya (KKPA). Pengembangan perkebunan plasma
i oleh petani plasma melalui Koperasi Unit Desa (KUD) sebagai perwakilannya. Pada saat perkebunan plasma
datanganan perjanjian kerjasama yang disepakati antara perusahaan inti dengan petani
ewajiban menjual hasil panennya kepada entitas anak sebagai perusahaan inti. Pendanaan perkebun
dan tanaman perkebunan plasma serta semua aset yang berada di atasnya, piutang
cation Kelompok tani/Farmers group
a Mutiara
g Seko
ejeki dan KUD Panca Usaha PT Sari Lembah Subur Riau KPS Jasa Sepakat
n Raya
Sawit Makmur
ONSOLIDASIAN
atakan lain)
ang dan bahan tanaman lainnya. Jangka waktu kredit yang timbul dari pembelian tersebut berkisar antar
18. TAXATION
a. Income tax expense
Biaya angkut 17,088 23,059 F
Kini
Kini
Kini
n
ONSOLIDASIAN
atakan lain)
Rekonsilias
dan hasil perkalian laba Perusahaan sebelum paja
b. Taxes payable
ONSOLIDASIAN
18. TAXATION (continued)
b. Taxes payable (continued)
atakan lain)
Pajak Pertambahan Nilai,
bersih
LESTARI Tbk DAN ENTITAS ANAK/AND SUBSIDIARIES
XATION (continued)
Taxes payable (continued)
n belum menyampaikan Surat Pemberitahuan (SPT) pajak tahunan untuk tahun pajak 2016. Namun d
l dengan jumlah yang
dan entitas anak menghitung, menetapkan, dan membayar sendiri besarnya jumlah pajak yang teru
bankan) ke Company
nghasilan laba tahun komprehensif lain/
nsi
charged) (2,329) 15,029 obligations
to other
hensive
ar income 2016
LESTARI Tbk DAN ENTITAS ANAK/AND SUBSIDIARIES
XATION (continued)
/ (dibebankan) ke dikreditkan ke penghasilan
hensif lain/
charged) (Charged)/credited to other
hensive
ar
- income
- 2016
- Company
2 tahun
3 tahun
4 tahun
5 tahun
ONSOLIDASIAN
18. TAXATION (continued)
atakan lain)
adalah sebagai berikut:
d. Claims for tax refunds
Tagihan re
e. Tax assessments
bayar pajak penghasilan badan dan pajak lainnya tahun berjalan dan tahun-tahun sebelumny
k Kurang Bayar Company
(SKPKB) atas Pajak Penghasilan Badan tahun pajak 2014 Perusahaan
sebesar dan
Rp entitas
54.945an
ilai tahun pajak 2011 danSubsidiaries
2012, masing-masing sejumlah Rp 4.914 juta dan Rp 3.176 juta yang tela
titas anak telah menerima beberapa surat ketetapan pajak untuk berbagai jenis dengan tanggal
pajak dan ber
dilapo
ONSOLIDASIAN
uatakan lain)ketetapan- ketetapan tersebut diatas dan mengajukan keberatan atau banding, namun manajemen
dengan
19 PINJAMAN BANK
Jangka pendek
PT Bank Central Asia Tbk
PT Bank Mizuho Indonesia
Jangka panjang
United Overseas Bank
Limited
Mizuho Bank, Ltd.
Oversea-Chinese Banking
Corporation Limited
The Bank of Tokyo-
Mitsubishi UFJ, Ltd.
PT Bank Central Asia Tbk
PT Bank Sumitomo
Mitsui Indonesia
Corporation
Dikurangi bagian yang jatuh tempo dalam waktu satu tahun
K LOANS (continued)
eas Bank Limited (continued)
m mata uang Dolar AS dengan tingkat suku bunga tahunan adalah 2,47% - 2,75% (2015: 1,92% - 2,75%).
mulai Januari 2017 - April 2018.
Net Borrowings terhadap Consolidated Capital Employed untuk periode yang relevan tida
i Bank,
ho perjanjian
Ltd. Interest Rate Swap (“IRS”) dengan PT Bank UOB Indonesia untuk melakukan lindung n
Limited.
$an30
Mizuho
juta, Bank,
denganLtd.,
sukuSingapura.
bunga tetap tahunan 2,75% dan akan berakhir pada tanggal
anggal 28 Mei 2014 dan 11 Juli 2014, yang merupakan bagian dari perjanjian kredit tertanggal 15 April
dengan jangka waktu penarikan dalam 15 bulan setelah tanggal perjanjian. Suku bunga tahunan untuk
S$ 30 juta. Suku bunga tahunan untuk komitmen ini adalah 1,70% diatas LIBOR.
15 April 2016.
tmen yang tersedia berupa term loan facility dengan pagu maksimum AS$ 75 juta dengan jangka wak
K LOANS (continued)
k, Ltd. (continued)
an fasilitas komitmen yang tersedia berupa revolving loan facility dengan pagu maksimum AS$ 50 juta. Su
bulan sejak tanggal perjanjian.
m mata uang Dolar AS dengan tingkat suku bunga tahunan adalah 2,53% - 2,75%
kan, dimana Perusahaan memiliki diskresi untuk memperpanjang hingga akhir masa perjanjian yang d
$ 26 juta dan AS$ 8,67 juta, dengan suku bunga tetap tahunan masing-masing 2,65% dan 2,75%. Perja
K LOANS (continued)
en yang tersedia berupa term loan facility dengan pagu maksimum AS$ 45 juta. Suku bunga tahunan untuk
akan berakhir 36 bulan sejak tanggal perjanjian.
m mata uang Dolar AS dengan tingkat suku bunga tahunan sebesar 2,61% -
kan, dimana Perusahaan memiliki diskresi untuk memperpanjang hingga akhir masa perjanjian yang d
017 - Agustus 2018.
Net Borrowings terhadap Consolidated Capital Employed untuk periode
perjanjian Interest Rate Swap (“IRS”) dengan The Bank of Tokyo-Mitsubishi UFJ, Ltd., cabang Jakarta u
Bank of
ional sebesar AS$ 15 juta, dengan suku bunga tetap tahunan 2,75% dan akan berakhir pada 20 Agustus
melebihi Rp 50 miliar. Suku bunga tahunan untuk fasilitas ini adalah sebesar 0,25% diatas Su
t (PBMM) dengan jumlah pokok tidak melebihi Rp 500 miliar. Jatuh tempo pinjaman ini adalah 1 mingg
n berdasarkan Surat Konfirmasi dan Surat Permohonan Penarikan Fasilitas Kredit yang telah ditanda
erjangka Money Market (PBMM) pada tanggal 31 Desember 2016 dan 2015 dalam mata uang Rupiah deng
a tanggal 2 Pebruari 2017.
tmen yang tersedia berupa fasilitas Time Loan Revolving dengan pagu maksimum Rp 1 triliun. Ja
ng hingga akhir masa perjanjian yang disertai dengan pemenuhan persyaratan perpanjangan dan pe
da tanggal 31 Desember 2016 dan 2015 dalam mata uang Rupiah dengan tingkat suku bunga tahuna
a tanggal 2 November 2018.
Net Borrowings terhadap Consolidated Capital Employed untuk periode
K LOANS (continued)
mitomo Mitsui Indonesia
n fasilitas komitmen yang tersedia berupa revolving facility dengan pagu maksimum AS$ 25 juta. Suku bun
kan, dimana Perusahaan memiliki diskresi untuk memperpanjang hingga akhir masa perjanjian yang d
K LOANS (continued)
itsui Banking Corporation
ngan Sumitomo Mitsui Banking Corporation, cabang Singapura.
ng tersedia berupa revolving loan facility dengan pagu maksimum AS$ 50 juta. Suku bunga tahunan unt
30 Mei 2016.
g tersedia PT Bank Mizuho
berupa revolvingIndonesia
loan facility dengan pagu maksimum AS$ 20 juta. Suku bunga tahunan untu
bulan
ngan sejak tanggalMizuho
PT Bank perjanjian.
Indonesia tertanggal 29 Juni 2016 yang merupakan bagian dari perjanjian kr
ng Dolar AS dengan
mata uang Dolar AS. tingkat suku bunga tahunan adalah 2,03% - 2,34%.
Net diatas
ah 1,70% Borrowings
JIBOR atauterhadap Consolidated
dalam Dolar AS 1,70%Capital Employed untuk periode
diatas LIBOR.
2 bulan sejak tanggal perubahan perjanjian.
ng Rupiah dengan tingkat suku bunga tahunan sebesar 9,91%.
Net Borrowings terhadap Consolidated Capital Employed untuk periode
K LOANS (continued)
n Indonesia Tbk
Pan Indonesia Tbk tertanggal
kredit tertanggal 23 Mei 2011, Perusahaan dan entitas anak tertentu memperoleh fasilitas kredit ber
ght SKBDN, Usance SKBDN dengan pagu maksimum AS$ 40 juta atau ekuivalennya dalam mata ua
$ 10 juta.
gal 21 April 2017.
k tertanggal 8 Desember 2015, yang merupakan bagian dari perjanjian kredit tertanggal
eroleh fasilitas kredit berupa Sight letter of credit dan/atau Usance letter of credit dan/atau Sight SKB
ONSOLIDASIAN
atakan lain)
adalah sebagai berikut:
innya
scakerja
ONSOLIDASIAN
atakan lain)
scakerja lainnya (lanjutan)
Penyesuaian pengalaman
kewajiban
ak termasuk jumlah
sebagai berikut:
2016 2015
aat pasti
ONSOLIDASIAN
atakan lain)
m imbalan pascakerja untuk tahun yang berakhir pada 31 Desember 2017 adalah sebesar Rp 80.457 ju
ONSOLIDASIAN
2016
Masyarakat
2015
Masyarakat
i nominal Rp 500 (Rupiah penuh). Modal dasar sebanyak 4.000.000.000 saham dimana modal ditempat
ONSOLIDASIAN
atakan lain)
21. SHARE CAPITAL (continued)
yelesaikan pelaksanaan Penawaran Umum Terbatas I kepada para pemegang saham Perusahaan dalam ra
sebesar Rp 11.425 (Rupiah penuh) per saham. Hasil pelaksanaan digunakan untuk pembayaran hutan
perubahan
23. NON-CONTROLLING INTERESTS
s entitas anak yang dikonsolidasi masing-masing tidak material terhadap laporan keuangan konsoli
INED EARNINGS
sahaan diharuskan untuk membuat penyisihan cadangan wajib hingga sekurang- kurangnya 20%
l
DENDS
sar 16,4% dan 20% dari modal yang ditempatkan dan disetor penuh oleh Perusahaan.
persetujuan Dewan Komisaris pada tanggal 20 September 2016 diputuskan untuk membagikan divide
garakan pada tanggal 11 April 2016, pemegang saham menyetujui bahwa tidak ada
garakan pada tanggal 14 April 2015, pemegang saham menyetujui pembagian dividen kas atas laba tah
n tersebut, termasuk di dalamnya pembagian dividen kas interim sebesar Rp 384.238 juta atau Rp 244 (Ru
Komisaris pada tanggal
ONSOLIDASIAN
atakan lain)
26. OPERATING SEGMENT INFORMATION
egmen operasi yaitu usaha kelapa sawit. Berikut ini adalah informasi tambahan sehubungan dengan operasi
Laba bruto/ Laba tahun berjalan/ Total aset/
Gross profit Profit for the year Total assets
Kantor p
dan
3,676,014 3,082,098 2,114,299 695,684 24,226,122 21,512,371
Lainnya
an yang melebihi 10% dari pendapatan bersih:
Pihak ketiga
atakan lain)
Lain-lain
Awal
Akhir
pihak ketiga maupun satu pihak berelasi yang melebihi 10% dari pendapatan bersih.
ATING EXPENSES
administrative expenses
Penyusutan
Beban pajak
Ekspedisi
Lain-lain
an dan ongkosSelling
angkut.expenses
ONSOLIDASIAN
atakan lain)
(669,233) (189,618)
kala dan nilai ekonomis atas proyek pengembangan lahan perkebunan dan infrastrukturnya. Penyisi
asumsi nilai per hektar.
yang bersifat dilutif sehingga tidak ada dampak dilusian pada perhitungan laba per saham.
NG ASING
g adalah dolar AS, sedangkan saldo
ngan dolar AS.
tanggal 31 Desember 2016 menguat/melemah sebesar 10% terhadap Rupiah dengan asumsi varia
ONSOLIDASIAN
atakan lain)
35. LONG-TERM RECEIVABLES
k pada
sebesar AS$ 7.959.008 (2015: AS$ 7.959.008), dengan
36. 742.128).
08.301 (2015: AS$ COMMITMENTS ANDiniLAWSUITS
Pokok obligasi berbunga tetap sebesar 3,24% per tahun dan akan dilunasi
a. Commitments for acquisition of fixed assets
Jumlah komitmen untuk peroleh
b. Lawsuits
at secara hukum yang jumlahnya diperkirakan sebesar Rp 709 miliar dari Badan Pengawas Dampak Analisa
da koperasi dan kebakaran tersebut disebabkan oleh masyarakat sekitar bukan oleh EDI. Sampai den
Keterangan dari Pengadilan Negeri P
NANCIAL RISK MANAGEMENT 3 Pebruari 2016 dinyatakan bahwa tid
s
r fluktuasi
ko komoditashargaCPO
CPO. dan untuk mendukung stabilitas keuangan operasional, Grup mengambil kebijak
istem penerimaan kas di depan atas penjualan produk utamanya kepada pihak ketiga domestik dan ekspo
nonitor
saldoprofil jatuhmoneter
liabilitas tempo pinjaman dan sumber
dalam mata pendanaan, menjaga saldo kecukupan kas dan setara kas se
uang asing
penjualan produk utamanya karena Grup menerapkan sistem penerimaan dimuka atas penjualan domestik
aset keuangan yang tercatat pada
diantisipasi kolektibilitasnya.
bulan sejak tanggal penarikan dan pinjaman jangka panjang adalah dengan jadwal cicilan pada Januari 201
sampai dengan 45 hari.
560 miliar) merupakan pinjaman dengan tingkat suku bunga mengambang dan terekspos atas peru
at suku bunga tetap.
u bunga pasar dan selisih kurs yang berasal dari pinjaman bank melalui pertimbangan penggunaan fasili
aya modal
njaman yang
lebih lebih kompetitif.
tinggi/lebih rendah 100 basis poin dengan asumsi variabel lainnya tidak mengalami perubah
gnifikan dengan nilai tercatat yang ada pada laporan posisi keuangan konsolidasian.
Capital management
mpertahankan kelangsungan usaha serta memaksimalkan manfaat bagi pemegang saham dan pemangku k
permodalannya untuk memastikan struktur modal dan pengembalian yang optimal bagi pemegang
ONSOLIDASIAN
atakan lain)
er 2016 dan 2015 adalah sebagai berikut :
KUNTANSI
penyusutan atas tanaman dan aset tetap ditentukan berdasarkan estimasi, dimana beban penyusuta
karena usan
Perhitungan kewajiban imbalan kerja tergantung pada sejumlah asumsi aktuaria, sepe
berda
jakan memerlukan pertimbangan signifikan, yang mana keputusan final atas provisi perpajakan tersebut
juan para pemegang saham atas Penawaran Umum Terbatas I dalam rangka penerbitan Hak Memesan Efek
Republik Indonesia dengan Surat Keputusan No. AHU-AH.01.03-0065982
kutan,
bunan kelapa sawit dan pabrik Perusahaan berlokasi di Kalimantan Selatan. Perkebunan dan pabrik
pada masyarakat sebanyak 125,8 juta saham dengan nilai nominal Rp 500 (Rupiah penuh) per saham d
juta saham.
yang memenuhi syarat untuk membeli saham baru
hulu sebanyak 349,94 juta saham dengan nilai nominal Rp 500 (Rupiah penuh) per saham kepada pe
Name of sub
PT Rimbunan A
2016 2015
Chiew Sin Cheok Chiew Sin Cheok Vice President Commissioner Komisaris
anggal 20 Pebruari 2017.
nsolidasian.
uat estimasi dan asumsi yang mempengaruhi jumlah aset dan liabilitas dan pengungkapan aset d
berbeda dari jumlah yang diestimasi.
untuk tahun yang berakhir pada tanggal-tanggal tersebut dari Perusahaan dan entitas di mana P
miliki kemampuan untuk mempengaruhi imbal hasil tersebut melalui kekuasaannya atas entitas. P
n dari total laba komprehensif yang dapat diatribusikan pada laporan laba rugi dan penghasilan
suaikan dengan proporsi atas perubahan ekuitas entitas anak dan disajikan sebagai bagian dari ekuitas
penghasilan komprehensif lain konsolidasian sejak tanggal pengendalian dimulai. Bila pengen
gian tahun dimana pengendalian
apkan secara konsisten oleh entitas
bersih entitas anak pada tanggal akuisisi. Goodwill tidak diamortisasi dan dilakukan uji
tuan kepemilikan. Selisih antara nilai perolehan investasi dengan proporsi nilai buku aset bersih entit
ah tidak disusutkan. Beban yang timbul sehubungan perolehan hak atas tanah untuk yang pertama kali d
Akumulasi harga perolehan akan direklasifikasi ke masing-masing aset tetap pada saat aset terseb
rsebut siap diserah-terimakan dikapitalisasi ke akun perkebunan plasma dan dinyatakan sebesar harg
ai ditelaah untuk menentukan apakah terdapat kemungkinan pemulihan penurunan nilai. Jika terjadi
yang telah diakui
iukur pada biaya perolehan diamortisasi dengan menggunakan metode suku bunga efektif, kecual
enjualan, pajak ekspor dan pungutan ekspor.
erlaku pada tanggal transaksi. Pada tanggal laporan posisi keuangan, aset dan liabilitas moneter dalam ma
aran aset dan liabilitas moneter dalam mata uang asing, diakui pada laporan laba rugi dan penghasilan
anggal laporan posisi keuangan konsolidasian adalah Rp 13.436 (Rupiah penuh) (2015: Rp 13.795 (R
yang dipakai adalah sesuai dengan Pernyataan Standar Akuntansi Keuangan (PSAK) No. 7 (R
uhan dengan menggunakan balance sheet liability method. Tarif pajak yang berlaku atau yang
uhan dari akumulasi rugi pajak disajikan dalam jumlah bersih untuk masing-masing
endatang akan memadai untuk dikompensasi dengan perbedaan temporer yang dapat dikurangkan dan
jaman diukur pada biaya perolehan
ntukan dengan mengalikan tingkat kapitalisasi terhadap jumlah yang dikeluarkan untuk memperoleh a
untuk memperpanjang sesuai persyaratan perjanjian dan akan jatuh tempo
n penyelesaian kewajiban tersebut mengakibatkan arus keluar sumber daya dan jumlahnya dap
si keuangan dikurangi dengan nilai wajar aset program. Kewajiban imbalan pasti dihitung sekali setahu
nga obligasi pemerintah jangka panjang pada tanggal laporan posisi keuangan dalam mata uang Rupiah se
mbalan kerja. Jika imbalan pensiun sesuai dengan UU No. 13/2003 lebih besar dari program pensiun
msi-asumsi aktuarial diakui seluruhnya melalui penghasilan komprehensif
di.
ntu. Estimasi biaya imbalan ini dicadangkan sepanjang masa kerja karyawan, dengan
milik Perusahaan dengan rata-rata tertimbang jumlah saham yang beredar ditambah dengan rata-rata
mbagian dividen interim diakui sebagai liabilitas ketika dividen diputuskan oleh Rapat Direksi dan disetu
epada pengambil keputusan operasional yang bertanggung jawab untuk mengalokasikan sumber daya,
keuangan derivatif diukur sebesar nilai
dung nilai untuk tujuan akuntansi dan sifat dari item yang dilindung nilai. Grup menentukan d
fnya, diakui di penghasilan komprehensif lain. Ketika instrumen derivatif tersebut kadaluarsa atau tid
keuangan
ontrak derivatif
yang lebih
dimiliki dari pada
Grup 12 bulan.
tanggal laporan posisi keuangan yang dihitung
dung nilai, yang secara efektif menghapus variabilitas arus kas dari pinjaman terkait, dicatat
ait yang dilindung nilai pada periode yang sama dimana beban
es
sets: Bearer Plant
Barito Gemilang yang merupakan perusahaan perkebunan karet di Kalimantan Tengah dengan
5
Time deposits
ihak ketiga
nilai
hak berelasi
Rupiah
Saldo awal
Saldo akhir
(persentase dari
pendapatan bersih)
TN, SAR, UT, PMM,
Pendapatan bunga dari
BP dan KJA
(persentase dari
personil manajemen kunci yang berjumlah 41 orang (2015: 40 orang) adalah sebagai berikut:
dilakukan Grup kepada Dana Pensiun Astra adalah sebesar Rp 108.384 juta (2015: Rp 101.707 juta).
Rupiah
Rupiah
ldo hasil transaksi-transaksi signifikan dengan pihak-pihak berelasi (lanjutan)
Piutang jangka panjang dalam mata uang
nakan bunga sebesar 2,5% diatas LIBOR. Tidak ada jaminan dan jadwal pengembalian yang tetap atas piu
2016 2015
n ventura bersama tertanggal 10 November 2014 antara Perusahaan dan KL-Kepong Plantation Hold
penyertaan saham ini komposisi kepemilikan menjadi masing- masing 50% dan 50%.
n Holdings Sdn. Bhd., Malaysia menyetujui peningkatan modal disetor KJA melalui konversi pinjaman dari m
Percentage of
effective ownership
6
Acquisition costs
Oil palm
Rubber
sts
alm
bber
Net book value
nghasilkan sebesar Rp 287.255 juta dialokasikan ke beban produksi (2015: Rp 259.431 juta).
16 dan 2015, terutama sehubungan dengan pengalihan kebun inti menjadi kebun plasma dan penanama
tidak produktif.
Kalimantan
Sulawesi
Sumatera
Jawa
1. PLANTATIONS (continued)
mmature plantations
ements of amount based on plants variety: Saldo awal/
2016 Beginning
Kelapa sawit balance
Karet
Karet
m menghasilkan pada tahun 2016 termasuk kombinasi bisnis sebesar Rp 121.611 juta (lihat Catatan 3).
angan tanaman belum menghasilkan pada tahun 2016 dan 2015, terutama sehubungan dengan
tif.
dibandingkan dengan kemungkinan terjadinya risiko kebakaran, wabah penyakit dan risiko lainny
Nilai buku bersih 8,335,003
umlah Rp 12.914 miliar (2015: Rp 12.136 miliar) yang
sentase penyelesaian kurang lebih 80% dan diperkirakan akan selesai pada tahun 2017 (2015: kurang l
dan 2099. Manajemen berkeyakinan bahwa hak atas tanah tersebut dapat diperbaharui.
Perbedaan signifikan terhadap nilai tercatat aset tetap pada aset tanah dan bangunan, sedangkan ter
r yang dapat diobservasi”).
5: Rp 1.204 miliar).
akan kepada petani plasma.
an areal perkebunan untuk petani plasma lokal, disamping mengembangkan perkebunan miliknya send
angan perkebunan plasma didanai sendiri oleh entitas anak.
da saat perkebunan plasma menghasilkan sesuai dengan kriteria yang ditentukan oleh Pemerint
petani
inti. Pendanaan perkebunan plasma dicicil melalui jumlah persentase tertentu yang dipotong entitas
KPS Jasa Sepakat
Kini
Kini
Kini
Rekonsiliasi antara beban pajak penghasilan
a Perusahaan sebelum pajak penghasilan dengan tarif pajak yang berlaku adalah sebagai berikut:
mlah pajak yang terutang. Direktorat Jenderal Pajak (DJP) dapat menetapkan atau mengubah kewajib
gi pengembangan Jumlah aset pa
tangguhan,
2 tahun
3 tahun
4 tahun
5 tahun
anding, namun manajemen masih belum memperoleh keputusan dari DJP ataupun dari Pengadilan Paj
m waktu satu tahun
a berupa term loan facility dengan pagu maksimum AS$ 75 juta. Suku bunga tahunan untuk komitmen ini a
% (2015: 1,92% - 2,75%).
anggal
kredit tertanggal 15 April 2013, Perusahaan memperoleh fasilitas komitmen berupa:
u bunga tahunan untuk komitmen ini adalah 1,70% diatas LIBOR.
BOR.
5 juta dengan jangka waktu penarikan dalam 12 bulan setelah tanggal perjanjian. Suku bunga tahunan
maksimum AS$ 50 juta. Suku bunga tahunan untuk komitmen ini adalah
%
masa perjanjian yang disertai dengan pemenuhan persyaratan perpanjangan dan perikatan k
periode
izuho Indonesia untuk melakukan lindung nilai atas resiko fluktuasi suku bunga pasar dengan tetap
0 juta. Suku bunga tahunan untuk komitmen ini adalah 1,50% diatas LIBOR.
pagu maksimum AS$ 15 juta (perjanjian sebelumnya tertanggal 28 Agustus 2014 dengan pagu ma
masa perjanjian yang disertai dengan pemenuhan persyaratan perpanjangan dan perikatan k
periode
UFJ, Ltd., cabang Jakarta untuk melakukan lindung nilai atas resiko fluktuasi suku bunga pasar dengan tet
ksimum Rp 1 triliun. Jatuh tempo pinjaman ini adalah 1 bulan, 3 bulan atau 6 bulan sesudah pena
periode
mum AS$ 25 juta. Suku bunga tahunan untuk komitmen ini adalah 1,60%
ah
periode
R.
periode
. Suku bunga tahunan untuk komitmen ini adalah 1,70% diatas LIBOR.
Suku bunga tahunan untuk komitmen ini adalah 1,60% diatas LIBOR.
bagian dari perjanjian kredit tertanggal 29 Juni 2012, Perusahaan memperoleh fasilitas pinjaman berup
periode
periode
Dana Pensiun Astra sebelum dan pada tanggal 20 April 1992. Program imbalan pasti merupakan program
ensiun Astra sesudah tanggal 20 April 1992.
Januari
nto 7,5% - 8,5% 8,5% - 9,5% Discount rate Tingkat gaj
uaian pengalaman
kewajiban
16 tahun.
dalah sebesar Rp 80.457 juta (2015: Rp 74.545 juta untuk tahun yang berakhir
balan pascakerja lainnya (lanjutan)
didasarkan pada perubahan atas satu asumsi aktuarial dimana semua asumsi lainnya dianggap konst
as pensiun imbalan pasti atas asumsi aktuarial utama, metode yang sama (perhitungan nilai kini liabilitas pens
erhitungan liabilitas pensiun yang diakui dalam laporan posisi
m dimana modal ditempatkan dan disetor penuh sebanyak 1.924.688.333 saham
ham Perusahaan dalam rangka penerbitan Hak Memesan Efek Terlebih Dahulu sebanyak 349.943.333
n untuk pembayaran hutang bank.
laporan keuangan konsolidasian Grup.
n.
untuk membagikan dividen kas interim atas laba tahun buku 2016 sebesar Rp 190.544 juta atau Rp 9
k ada
viden kas atas laba tahun buku 2014 sebesar Rp 1.127.518 juta atau Rp 716 (Rupiah penuh) per sah
238 juta atau Rp 244 (Rupiah penuh) per saham kepada pemegang saham yang tercatat pada tang
hubungan dengan operasi Grup berdasarkan wilayah geografis:
2016
7,059,891
6,020,682
7,559,601
20,640,174
Kantor pusat
Lainnya
Lain-lain
Awal
Akhir
ersih.
Penyusutan
Beban pajak
Ekspedisi
Lain-lain
Liabi
Ua
p
Ut
lia
Aset
ya
K
d
Piu
sa
Piu
Pin
upiah dengan asumsi variabel lainnya tidak mengalami perubahan, maka laba setelah pajak Grup akan tj
Piuja
r tahun dan akan dilunasi secara angsuran setiap tahunnya hingga tahun 2020. Tagihan obligasi ini dija
komitmen untuk perolehan aset tetap sebesar Rp 416 miliar (2015: Rp 540 miliar).
Pengawas Dampak Analisa Lingkungan Riau (Bapedal Riau) atas polusi yang disebabkan oleh kebak
n oleh EDI. Sampai dengan tanggal laporan keuangan konsolidasian ini gugatan hukum oleh Bapedal R
Pengadilan Negeri Pasir Pengaraian No. w4.U10/15/AT.01.10/II/2016 tanggal
16 dinyatakan bahwa tidak terdapat perkara perdata ataupun pidana yang melibatkan EDI.
dan terekspos atas perubahan tingkat suku bunga, sedangkan sisanya sebesar Rp 1.070 miliar
mbangan penggunaan fasilitas kredit dalam bentuk Rupiah atau mata uang asing, melakukan lindung nil
tidak mengalami perubahan, maka laba setelah pajak Grup akan turun/naik sebesar Rp 2.297 juta
kayaan
mana beban penyusutan akan disesuaikan jika masa manfaatnya berbeda dari estimasi sebelumn
karena usang atau dihentikan penggunaannya.
lah asumsi aktuaria, seperti: tingkat pengembalian atas aset program, tingkat diskonto dan asumsi pentin
berdasarkan kondisi pasar saat ini.
rovisi perpajakan tersebut bisa berbeda dari jumlah yang tercatat. Adapun pengakuan aset pajak tangguhan te
masa depan.
stimasi dan pertimbangan tersebut diatas, bisa memiliki risiko signifikan yang berdampak pada penyesua
terhadap jumlah tercatat aset dan liabilitas dalam periode pelaporan berikutnya.
PT ASTRA AGRO LESTARI Tbk DAN ENTITAS ANA
Lampiran 5/1 Schedule
ah menjadi PT Astra Agro Niaga berdasarkan Akta PT Astra Agro Lestari Tbk (“the Com
S.H.,
89 No. 126
tanggal tanggal 1989 dan diumumkan dalam
31 Oktober On
198930of June 1997,
the same the The
notary. Company
deed ofc
emegang
ah menjadisaham atas Agro
PT Astra penawaran
Lestariumum saham
dan meningkatkan The amendment
interest method.
31 October toandthe
1989After this Articles of
merger, in
published the
ublik Indonesia dalam Surat Keputusan No.C2- Kristianto,
capital were S.H., dated 11
effected by August
Notarial1997
Dee
7 dan disahkan oleh Menteri Kehakiman Republik 1997 and published
Supplementary in the State Gazet
No. 5616.
erbitan Hak Memesan Efek Terlebih Dahulu, diaktakan The Company’s Articles of Association h
by the Minister
Based of Law and Articles
on the Company’s Human Righof A
Perkebunan dan pabrik pengolahan entitas anak No. AHU-AH.01.03-0065982
The Company and
transportation, andYear
subsidiaries’
consultation (the 20
“Gr
services
Sumatera,
The CompanyKalimantan,
commenced andcommercial
Sulawesi. op
upiah penuh) per saham dengan harga penawaran Based on BAPEPAM letter No. S-2708
Based on Shareholders’ Extraordinar
Based on Shareholders’ Extraordinar
h) per saham kepada pemegang saham Perusahaan Based on the OJK letter No. S-251/D
PT ASTRA AGRO LESTARI
L
Riau
Riau
Riau
Riau
Aceh
Aceh
Jambi
Sulawesi Barat/
West Sulawesi
Sulawesi Barat/
West Sulawesi
Sulawesi Barat/
West Sulawesi
Sulawesi Barat/
West Sulawesi
Sulawesi Barat/
West Sulawesi
Sulawesi Tengah/
Central
SulawesiSulawesi
Tengah/
Central Sulawesi
Sulawesi Tengah/
Central Sulawesi
Sulawesi Tengah/
Central Sulawesi
Central Sulawesi
Kalimantan Tengah/
Central Kalimantan
Kalimantan Tengah/
Central Kalimantan
Kalimantan Tengah/
Central Kalimantan
Kalimantan Tengah/
Central Kalimantan
Kalimantan Tengah/
Central Kalimantan
Kalimantan
Kalimantan Tengah/
Tengah/
Central
Central Kalimantan
Kalimantan
Kalimantan Tengah/
Kalimantan Tengah/
Central Kalimantan PT ASTRA AGRO LESTARI
L
Lokasi/
Kalimantan Tengah/
Central Kalimantan
Kalimantan Timur/
East Kalimantan
Kalimantan Timur/
East Kalimantan
Kalimantan Timur/
East Kalimantan
Kalimantan Timur/
East Kalimantan
Kalimantan Timur/
East Kalimantan
Kalimantan Timur/
East Kalimantan
Kalimantan Timur/
East Kalimantan
Kalimantan Timur/
East Kalimantan
Kalimantan Selatan/
South Kalimantan
Kalimantan Selatan/
South Kalimantan
Kalimantan Selatan/
South Kalimantan
Kalimantan Selatan/
South Kalimantan
Kalimantan Selatan/
South Kalimantan
Banten
Kalimantan Tengah/
Central Kalimantan
Riau
Sulawesi Barat/
West Sulawesi
Sulawesi Barat/
West Sulawesi
Dewan Komisaris
Commissioner Komisaris Johannes Loman Johannes Loman
Moerdjono Brotodiningrat
Direksi The Company and subsidiaries ha
Presiden Direktur Widya Wiryawan Widya Wirya
Direktur Bambang Palgoenadi Bambang Pa
Direktur Joko Supriyono Joko Supriyo
Direktur Juddy Arianto Juddy Ariant
Direktur Jamal Abdul Nasser Jamal Abdul
Direktur Independen Rudy Rudy
Komite Audit
Ketua Soemadi Djoko Soemadi Djo
Moerdjono Brotodiningrat Moerdjono
Anggota Juliani Eliza Syaftari Juliani Eliza
Anggota Ratna Wardhani Ratna Wardh
2. SUMMARY OF SIGNIFICANT AC
untuk yang pertama kali diakui sebagai bagian dari harga The whole class of fixed assets are
method over the following es
pada saat aset tersebut selesai dikerjakan dan Construction in progress is stated
accordingly.
dinyatakan sebesar harga perolehan. Selanjutnya Costs incurred during develop
2. SUMMARY OF SIGNIFICANT AC
perubahan keadaan yang mengindikasikan bahwa nilai Fixed assets and other non-curr
ersebut. recoverable amount.
ai, aset dikelompokkan hingga unit terkecil yang Recoverable amount is the high
At each reporting date, non-fina
urunan nilai. Jika terjadi pemulihan nilai, maka
gan (PSAK) No. 7 (Revisi 2015), “Pengungkapan The Company and subsidia
All material transactions with r
are disclosed in the notes to the co
The income tax expense compri
yang berlaku atau yang secara substantif berlaku Deferred income tax is provided fo
ang dapat dikurangkan dan saldo rugi pajak Deferred tax assets are recogni
Borrowings are initially recog
rkan untuk memperoleh aset kualifikasian. Tingkat Borrowings costs that are
during the period.
Borrowings are classified un
daya dan jumlahnya dapat diestimasi secara andal. Provisions are recognised when
Provisions are not recognised
PT ASTRA AGRO LESTARI Tbk DAN ENTITAS ANA
Lampiran 5/14 Schedule
2. SUMMARY OF SIGNIFICANT AC
Short-term employee benefits are
alam mata uang Rupiah sesuai dengan mata uang di mana The present value of the def
obligation.
esar dari program pensiun yang ada, selisih tersebut The Group are required to provid
part of the pension benefits obliga
Actuarial gains and losses ar
retained earnings.
itambah dengan rata-rata tertimbang jumlah saham yang Diluted earnings per share is c
issued on the conversion of
eh Rapat Direksi dan disetujui oleh Dewan Komisaris. Final dividend distributions are re
meeting and approved by the
lai. Grup menentukan derivatif sebagai lindung The method of recognising the res
rsebut kadaluarsa atau tidak lagi memenuhi kriteria Changes
PT ASTRA AGRO LESTARI Tbk
Changes in the
inDAN fair
fairof value
the ENTITASvalue of
of de
ANA de
hitung The
The fairvalue
fair value derivative
measurements of io
accounting, the cumulative gains
theLampiran
2. SUMMARY
do notderivative
meet 5/17 Schedule
OFtheSIGNIFICANT
criteria instrA
for hedge
financial
njaman terkait, dicatat di penghasilan komprehensif x. Changes in the fair value
The implementation of of
newthe sta
in
The hedged borrowings
accounting in the
standards samehav
which p
earnings.
published and relevant to the
20,382
15,312
11,015
10,443
519
208
175,688
3,186
2,251
568
185
6,428
133,194
315,310
106,946
107,488
214,434
531,583
PIUTANG USAHA
2016
23,110
18,943
17,398
6,706
66,157
(23,110)
43,047
484,226
527,273
2016
374,380
45,945 130,058
550,383
(23,110)
527,273
2016
154,076
396,307
550,383
(765)
23,110
PT ASTRA AGRO LESTARI
La
PT ASTRA AGRO LESTARI
La
ebagai berikut:
20
Imbalan jangka pendek 5
Imbalan pascakerja dan
jangka panjang lainnya
2016
26,136
107,058
133,194
336,268
484,226
PT Kreasijaya Adhikarya 60
PT Kreasijaya Adhikarya 3,241
PT ASTRA
3,301 AGRO LESTARI
La
si (lanjutan)
2016
367,632
367,632
988,353
4%
16,914
-
16,914
12,841
7,113
4,682
3,498
2,992
1,597
525
486
370
170
34,274
Liabilitas (lanjutan)
Liabilitas lain-lain
Rupiah
PT Bank Permata Tbk 82 -
Mata uang asing
Astra-KLK Pte. Ltd. 3,545 -
PT Bank Permata Tbk 307 -
3,934 -
55,122 210,29
Persentase dari total liabilitas 1% 2%
7. PERSEDIAAN
2016 2015
Barang jadi
Minyak sawit mentah
3,083 and its derivatives Inti sawit dan turunannya 205,087 99,606
1,370,055 983,354
Barang dalam proses 50,362 30,647
Bahan penunjang
Pupuk 238,636 227,37
Bahan tanaman 145,992 163,77
Suku cadang 145,233 131,12
Bahan bakar 51,345 52,94
Pestisida 47,048 52,60
Lain-lain 48,533 49,75
676,787 677,574
2,097,204 1,691,575
Based on a review of the condition and va
inan bahwa nilai pertanggungan tersebut Finished goods and supplies are co
131,978
7,256
3,564
3,294
1,709
1,364
31,769
181,536
2016
660,750
1,345
662,095
ai, propinsi Riau.
50%.
ui konversi pinjaman dari masing- masing pemegang saham sebesar Rp 175 miliar.
PT ASTRA AGRO LESTARI
La
e
fektif/ Saldo awal/
f Beginning
ship balance
49% 64,286
50% 44,929
109,215
49% 29,213
50% -
29,213
5,632,226 -
(1,533,370)
(459) (230) -
4,098,397
5: Rp 259.431 juta).
un plasma dan penanaman kembali areal yang
3,092,261
818,451
723,185
11,682
4,645,579
awal/
ning
ance 2,580,101
7,775
2,587,876
2,178,313
7,775
2,186,088
ma sehubungan dengan penyisihan proyek pengembangan lahan, pengalihan kebun inti menjadi kebu
Saldo awal/
Beginning
balance
-
1,849,478
3,385,742
4,020,442
1,453,125
66,723
11,199,758
433,876
465,240
828,600
1,727,716
12,927,474
(498,420)
(835,896)
(1,260,464)
(911,610)
(59,353) (3,490) -
(3,565,743) (782,407) -
9,361,731
396,482
1,329,057
2,825,267
3,323,508
1,236,963
64,108
9,175,385
520,075
719,317
834,914
2,074,306
11,249,691
(409,549)
(684,265)
(1,023,223)
(740,555)
5,003
)
)
)
f
PT ASTRA AGRO LESTARI Tbk DAN ENTITAS ANA
Lampiran 5/32 Schedule
un 2017 (2015: kurang lebih 76% dan diperkirakan Based on budgeted construction cost at s
Land rights are in the form of HGU
harui. The fair value of fixed assets at the statem
bangunan, sedangkan terhadap aset tetap lainnya buildings are based on fair value hierarc
The acquisition costs of fixed assets w
Management is of the view that there has
This account represents plasma plantatio
perkebunan miliknya sendiri. In accordance with Indonesian go
Some subsidiaries have been developin
ntukan oleh Pemerintah, perkebunan plasma tersebut In the KKPA scheme, the cooperation ag
plasma
plantations”).
2016
918,010
22,098
940,108
sehubungan dengan
17. AKRUAL
20
Gaji, upah dan kesejahteraan
karyawan 2016
13,285 19,901 Interest expense of bank loans Jasa profesional
82,095
(23,150)
58,945
764,686
(729,152)
35,534
846,781
(752,302)
94,479
PT ASTRA AGRO LESTARI
La
Penghasilan bukan obyek pajak
2016
1,981,267
sebagai berikut:
Laba Perusahaan sebelum
pajak penghasilan 1,724
Pajak dihitung pada tarif
392,428 applicable rate Penghasilan bukan obyek pajak (393,879)
Beban pajak penghasilan
dikurangkan 41
Income tax expense Final tax on fiscal plantations Perusahaan
revaluasi aset tanaman fiskal 58
Beban pajak penghasilan
tangguhan atas revaluasi
entitas anak
aset tanaman fiskal 35
(1
2016
9,505
124
2,075
652
12,356
2016
17,753
1,777
13,938
44,382
161
175,406
6,924
Pajak Bumi dan Bangunan -
260,341
272,697
2016
79,760
Pajak penghasilan dibayar
(88,150)
676,736
Pajak penghasilan dibayar
(3,484)
(18,121)
(479,725)
(501,330)
175,406
s akan dilaporkan dalam SPT tahun 2016 (2015: jumlah taksiran penghasilan kena pajak
(6,938)
4,618
12,753
73,556
33,868
37
91,835
70,928
21,752
291,976
304,729
3,565
35,335
(114,848)
(70,564)
(70,564)
2014
-
6,837
4,361
31,372
211,580
414,369
642,896
168,622
1,574,774
PT ASTRA AGRO LESTARI
La
2016
Perusahaan 209,496
Entitas anak 669,215
878,711
400,000
-
400,000
1,003,805
866,861
664,956
601,445
296,771
267,186
-
3,701,024
1,585,213
2,115,811
gan dan perikatan keuangan. Jatuh tempo term The revolving loan due within 3 months a
gan dan perikatan keuangan. Jatuh tempo term The revolving loan due within 3 months a
pasti merupakan program pensiun yang menetapkan The defined benefit pension plan is m
considering factors such as age, yea
The defined contribution pension plan is
compensation.
2016
430,192
155,285
585,477
(68,592)
516,885
2016
433,899
(3,707)
430,192
56,106
39,317
(286)
(50)
(10,877)
(76,390)
(13,577)
430,192
(33,685)
396,507
Mutasi nilai kini kewajiban adalah sebagai b
439,308
56,106
39,317
(87,267)
(13,565)
433,899
3,359
286
50
12
3,707
PT ASTRA AGRO LESTARI
La
1,099
2,324
284
3,707
2016
33,713
27,375
153,777
6,052,197
6,267,062
Dampak
Impact
Perubahan asumsi/
Change in assumption
1%
1%
1%
1%
PT ASTRA AGRO LESTARI
La
20. KEWAJIBAN IMBALAN KERJA (lanjuta
si lainnya dianggap konstan. Dalam prakteknya, hal ini jarang terjadiImbalan kerja jangka
dan perubahan panjang
beberapa asumsi lain
Mutasi kewajiban adalah sebagai berikut:
gan nilai kini liabilitas pensiun imbalan pasti dengan menggunakan metode projected unit credit pada a
2
Saldo awal 1
Biaya jasa kini
Jumlah
saham/
shares
Number of
1,533,682,440
391,005,893
1,924,688,333
1,254,831,088
319,913,912
1,574,745,000
hulu sebanyak 349.943.333 saham dengan nilai nominal Rp 500 (Rupiah penuh) per saham, dimana setiap
2016
3,823,131
132,090
(31,729)
47,464
(125,800)
3,845,156
33,712
(3,173)
3,878,995
3,300
2016
163,977
96,054
61,649
35,087
26,658
25,398
17,023
13,439
9,473
8,788
652
458,198
PT ASTRA AGRO LESTARI Tbk DAN ENTITAS ANA
Lampiran 5/56 Schedule
16 (Rupiah penuh) per saham kepada pemegang saham In the Annual General Shareholders’ Me
yang tercatat pada tanggal 14 Oktober 2014, yang million or Rp 244 (full amount) per shar
PT ASTRA AGRO LESTARI
La
2015 2016
6,065,414 1,246,534
5,653,258 1,642,711
7,375,691 825,738
19,094,363 3,714,983
1,032,303
7,544,173
8,576,476
5,544,898
14,121,374 PT ASTRA AGRO LESTARI
La
895,062
320,665
461,085
217,185
173,454
10,832,061
983,354
(1,370,055)
10,445,360
213,807
108,295
91,574
84,444
50,497
37,149
34,178
27,112
14,138
9,148
4,811
1,473
676,626
PT ASTRA AGRO LESTARI
La
2016
114,549
Komitmen fasilitas bank 30,324
144,873
31. PENGHASILAN BUNGA
2016
86,672
367,632
454,304
(531,583)
3,569,441
24,226,122
(6,632,640)
(55,951)
17,537,531
20%
dari estimasi sebelumnya atau jika aset dihapusbukukan atau dilakukan penurunan nilai
o Lestari Tbk (“the Company”) was established under the name of PT Suryaraya Cakrawala based
1997,
ame the The
notary. Company
deed ofcompleted a merger
establishment andwith PT Suryarayawere
its amendment Bahtera in accordance
approved by thewith the merger
Minister ag
of Justic
ent
d. toandthe
989After this Articles of
merger, in
published Association
the the
Company’s pertaining
nameof
State Gazette theto
was compliance
changed
Republic to PTwith theNo.
Astra
of Indonesia capital
Agro market
101Lestari
dated laws
the and
andDecember
19 regulaS
Company
1989,
H., dated 11
effected by August
Notarial1997.
DeedThese amendments
No. 136 of Benny were approved
Kristianto, bydated
S.H., the Minister
23 Juneof1997
Justice
andofapproved
the Republic of M
by the
blished in the State Gazette of the Republic of Indonesia No. 95 dated 27 November 1997, Supplementary
y No. 5616.
’s Articles of Association have been amended several times. The amendment of issued and fully paid capital
erCompany’s
of Law and Articles
Human Rights of the Republic
of Association, of of its
the scope Indonesia
activities is toinengageDecision
in plantation Letter
operation, gener
01.03-0065982
,and andYear
subsidiaries’
consultation (the 2016, dated
“Group”)
services. 22 Julyare
head offices 2016
located at Jalan Pulo Ayang Raya Block OR no. 1, Puloga
imantan,
commenced andcommercial
Sulawesi. operations in 1995.
PEPAM letter No. S-2708/PM/1997 dated 21 November 1997, the initial public offering of 125.8 million co
hareholders’ Extraordinary Meeting held on 10 May 1999, it is agreed to issue 251.6 million bonus sh
hareholders’ Extraordinary Meeting held on 10 May 2000, it is agreed to grant options to purchase 75.48
OJK letter No. S-251/D.04/2016 dated 30 May 2016, the Limited Public Offering I with respect to the
ASTRA AGRO LESTARI Tbk DAN ENTITAS ANAK/AND SUBSIDIARIES
Lampiran 5/3 Schedule
Year of
commercial
1994
1995
1995
1997
1997
1997
1997
1998
2012
2012
2012
2012
1998
1999
1997
2000
1998
2010
2003
2001
2002
ASTRA AGRO LESTARI Tbk DAN ENTITAS ANAK/AND SUBSIDIARIES
Lampiran 5/4 Schedule
Tahun beroperasi
komersial/
Year of
commercial
Pra-operasi/
Pre-operating
2009
1995
2006
2000
2011
2011
2011
2012
2013
2013
2000
1999
2016
1995
Pra-operasi/
Pre-operating
1992
2014
Pra-operasi/
Pre-operating
Board of Commissioners
ohannes Loman Commissioner Komisaris Independen Anugerah Pekerti
Moerdjono Brotodiningrat
Directors
ny and subsidiaries had 35,400 permanent employees (2015: 36,214 employees).
Widya Wiryawan President Director
Bambang Palgoenadi Director
Joko Supriyono Director
Juddy Arianto Director
Jamal Abdul Nasser Director
Rudy Independent Director
Audit Committee
Soemadi Djoko Chairman
grat Moerdjono Brotodiningrat
Juliani Eliza Syaftari Member
Ratna Wardhani Member
OF SIGNIFICANT ACCOUNTING POLICIES
idated financial statements of the Group were prepared in accordance with the Indonesian Finan
low are the significant accounting policies adopted in preparing the consolidated financial stateme
of preparation of consolidated financial statements
onsolidated financial statements are prepared based on the historical cost and the accruals basis, except
nsolidated statements of cash flows are prepared based on the direct method by classifying cash flow
ng, investing and financing activities.
bk DAN ENTITAS ANAK/AND SUBSIDIARIES
mpiran 5/6 Schedule
OF SIGNIFICANT ACCOUNTING POLICIES (continued)
roup’s functional currency is Rupiah. Figures in the consolidated financial statements are roun
consolidated financial statements incorporate the assets and liabilities at statements of financ
e entity and has the ability to affect those returns through its power over the entity. The Company us
ntrolling interests in the total comprehensive income of subsidiaries is identified at its portion a
ed at the date of business combination afterwards adjusted by proportion of changes in equity of subsidi
aterial transactions and balances between consolidated companies have been eliminated in prepari
al statements.
ill represents unidentified excess of total investment cost over the proportionate underlying fair va
cturing transactions for entities under common control are accounted for using a method similar as
the equity section of the consolidated statements of financial position.
venture is an entity in which the Company jointly controls with one or more other venturers. Joint v
and cash equivalents include cash on hand, cash in banks and short-term
ments with a maturity of three months or less.
f finished goods comprises all costs incurred in estates including an allocation of indirect costs of the
s as a basis of allocation and processing costs.
alisable value is the estimated selling price in the ordinary course of business less estimation of the
f finished goods is determined using the weighted-average method. Cost of supplies is determ
-average method.
iation of mature plantations commences in the year when the plantations are mature using the
per hectare. Rubber plantations are considered mature within five to six years after planting.
cks are the stock of cattle to be bred. The unproductive livestocks are reclassified to livestocks for sale. Live
ulated acquisition value of livestocks
ses initial acquisition value and the costs incurred during the productive period.
ole class of fixed assets are stated at historical cost (Cost Model) less accumulated depreciation, except la
over the following estimated useful lives:
uction in progress is stated at cost and presented as part of fixed assets. The accumulated costs are
ingly.
incurred during development up to hand over of the plasma plantations are capitalised to plasm
fference between the accumulated plasma plantation development costs and their hand over valu
omprehensive income.
bk DAN ENTITAS ANAK/AND SUBSIDIARIES
mpiran 5/11 Schedule
incurred in association with the extension of land rights are deferred and
sed using the straight-line method over the period of the land rights.
payables and other liabilities are initially recognised at fair value and subsequently measur
venue represent revenue earned from the sales of the Group’s finished goods net of discounts, returns, trad
e from the sales of finished goods is recognised when the significant risks and rewards of ownership
rred to the customers.
Company and subsidiaries have transactions with related parties. The definition of relate
terial transactions with related parties
closed in the notes to the consolidated financial statements.
come tax expense comprises current and deferred income tax.
ed income tax is provided for temporary differences arising between the tax bases of assets and liabilities,
ed tax assets are recognised to the extent that it is probable that future taxable income will be availa
wings are initially recognised at fair value, net of transaction cost incurred. Subsequently, bo
wings costs that are not directly attributable to a qualifying asset, the amount to be capitalised is de
the period.
wings are classified under current liabilities unless the Group has discretion and intention to roll-ove
ons are recognised when the Group has a present legal or constructive obligation as a result of past even
ons are not recognised for future operating losses.
bk DAN ENTITAS ANAK/AND SUBSIDIARIES
mpiran 5/14 Schedule
OF SIGNIFICANT ACCOUNTING POLICIES (continued)
erm employee benefits are recognised when they accrue to the employees.
resent value of the defined benefit obligation is determined by discounting the estimated future cash o
ion.
oup are required to provide a minimum pension benefit as stipulated in the Law No. 13/2003, which re
the pension benefits obligation.
al gains and losses arising from experience adjustments and changes in actuarial assumptions a
d earnings.
rvice costs arising from amendment or curtailment programs are recognised as expense in profit or loss
or losses on curtailment and settlement of a defined benefit plan are recognised when the curtailment and settl
bk DAN ENTITAS ANAK/AND SUBSIDIARIES
mpiran 5/15 Schedule
OF SIGNIFICANT ACCOUNTING POLICIES (continued)
n benefits and other post- employment benefits (continued)
roup provides other post-employment benefits such as severance pay, service pay,
nsation pay and retirement preparation leave.
titlement to these benefits is usually based on the employee remaining in service up to retirement age
n plan.
long-term benefits such as long service leave and jubilee awards are granted based on the Group’s
nted to present value.
earnings per share is calculated by dividing profit attributable to the owners of the Company by the weight
earnings per share is calculated by dividing profit attributable to the owners of the Company by the weig
on the conversion of the dilutive potential shares.
ividend distributions are recognised as a liability when the dividends are approved in the Company’s Gene
g and approved by the Board of Commissioners.
thod of recognising the resulting gains or losses depends on whether the derivative is designated as a he
es
bk
es in
inDANthe fair
fairof value
the ENTITASvalue of
of derivatives
ANAK/AND
derivatives that are designated and qualify as cash flow hedges for accountin
SUBSIDIARIES
that
air
ir value
value derivative
measurements of financial
interest rate instruments
swaps have isbeen
classified
determinedas ausingnon-current asset or
rates quoted byliability
the bankif the
fo
ting,
mpiran
OF
meet theSIGNIFICANT
the cumulative
5/17 Schedule
criteria for gains ACCOUNTING
hedge or losses in equity
accounting are recognised
POLICIES
purposes are ininprofit
(continued)
recorded profitororloss.
loss.
erivative financial instruments are greater than 12 months.
es in the fair value
mplementation of of
newthe statements
interest rateofswaps designated
accounting standardsas hedging instruments that effectively offset th
borrowings
ting in the
standards samehave
which period
beenin which the interest affect
gs.
and relevant to the Groups’ operations are as follows:
ber 2016, the Company signed deed of shares sale and purchase to acquire all the shares of PT Mitra
e, the amount of identifiable assets acquired and the liabilities assumed at the acquisition date are a
ASTRA AGRO LESTARI Tbk DAN ENTITAS ANAK/AND SUBSIDIARIES
Lampiran 5/19 Schedule
Bank
Pihak ketiga
Rupiah
117,809
20,382
15,312
11,015
10,443
519
208
175,688
3,186
2,251
568
184
51
3
-
185
6,428
133,194
315,310
106,946
107,488
214,434
531,583
4.50% - 7.25%
0.50% - 0.60%
5
2016
23,110 23,727
18,943
17,398
- 14,415
6,706 2,213
66,157 40,355
(23,110) (23,875)
43,047 16,480
484,226 29,159
527,273 45,639
2016 2015
374,380
550,383 69,514
(23,110) (23,875)
527,273 45,639
2016 2015
154,076 24,419
396,307 45,095
550,383 69,514
2016
23,875
(765)
23,110
Perusahaan/Major shareholder
of the Company
shareholder
A subsidiary of PT UT
Entitas anak PT UT/
A subsidiary of PT UT
An indirect subsidiary of PT UT
Entitas asosiasi PT AI/
An associate company of PT AI
Entitas anak PT TN/
A subsidiary of PT TN
Pemegang saham mayoritas
yang sama/The same major
shareholder
Entitas anak PT SAR/
A subsidiary of PT SAR
Sifa
Nature of relationship
Pemegang saham mayoritas
Joint venture
Ventura bersama/
Joint venture
b. Summary of significant tr
Total compensation of 4
2016 2015
a pendek 59,546 83,576 Short-term benefits
kerja dan Post-employment and
ng lainnya 862 3,564 other long-term benefits
60,408 87,140
Total payment made by
c. Summary of balances
2016
26,136
107,058
133,194
147,958
336,268
484,226
60
3,241
ASTRA
3,301 AGRO LESTARI Tbk DAN ENTITAS ANAK/AND SUBSIDIARIES
Lampiran 5/24 Schedule
6. RELATED PARTY INFORMAT
c. Summary of balances
2016
-
367,632
367,632
988,353
4%
2016
16,914
-
16,914
12,841
7,113
4,682
3,498
2,992
1,597
525
486
370
170
34,274
Liabilities (continued)
Other liabilities
Rupiah
82 - PT Bank Permata Tbk
Foreign currency
545 - Astra-KLK Pte. Ltd.
307 - PT Bank Permata Tbk
3,934 -
5,122 210,293
1% 2% Percentage of total liabilities
7. INVENTORIES
6 2015
Finished goods
Crude palm oil
087 99,606 Palm kernel and its derivatives Lain-lain 2,105
0,055 983,354
0,362 30,647 Work in progress
Supplies
8,636 227,370 Fertilisers
5,992 163,775 Planting materials
5,233 131,126 Spare parts
1,345 52,948 Fuel
7,048 52,603 Pesticides
48,533 49,752 Others
6,787 677,574
7,204 1,691,575
view of the condition and value of the inventories, management believes that none of these inventories were
ds and supplies are covered by insurance against risk of fire and other risks amounting to Rp
2016
131,978
7,256
3,564
3,294
1,709
1,364
602
31,769
181,536
9
2016
660,750
1,345
662,095
10
m
iar.
ASTRA AGRO LESTARI Tbk DAN ENTITAS ANAK/AND SUBSIDIARIES
Lampiran 5/27 Schedule
10. INVESTMENT IN JOINT VENT
Beginning Penambahan/
balance Addition
64,286
44,929 175,000
109,215 175,000
29,213
- 75,000
29,213 75,000
2016
1,918,870
229,458
1,505,097
371,544
12,665,394
11
- 952,277
(287,025)
ASTRA AGRO LESTARI Tbk DAN ENTITAS ANAK/AND SUBSIDIARIES
Lampiran 5/28 Schedule
(27,069) 5,632,226
25,377 (1,533,829)
Depreciation of matu
The disposals of mature
area.
3,092,261
818,451
723,185
11,682
4,645,579
Penambahan/ Reklasifikasi/
Additions Reclassification
815,969 (944,502)
123,153 (7,775)
939,122 (952,277)
1,023,482 (532,355)
- -
1,023,482 (532,355)
n kebun inti menjadi kebun plasma dan lahan yang tidak The disposals of immature
Penambahan/ Reklasifikasi/
Additions Reclassification
45,384 -
204 340,058
- 524,811
5,673 553,041
44,375 147,351
30 9,328
126,634 1,574,589
272,756 (336,587)
556,550 (493,935)
634,080 (744,067) - 718,613
1,463,386 (1,574,589) (18,700) 1,597,813
1,590,020 -
(123,579)
(184,320)
(278,863)
(192,155)
27,766
-
-
1,045
140,073
-
168,884
432,312
496,667
594,296
1,523,275
1,692,159
(88,871)
(153,376)
(239,174)
(179,984)
78
Buildings, machinery and vehicles are covered by insurance against losses from fire and
arising from such risks.
bk DAN ENTITAS ANAK/AND SUBSIDIARIES
mpiran 5/32 Schedule
geted construction cost at statements of financial position date, the construction in progress had an ave
are in the form of HGU and Building Usage Right (HGB) titles which will expire within 2017 to 2099.
of fixed assets at the statements of financial position date amounted to Rp 13,042 billion
based on fair value hierarchy Level 2 (“observable current market transactions”).
on costs of fixed assets which have been fully depreciated and still being used amounted to Rp
s of the view that there has been no impairment in the carrying amounts of fixed assets.
epresents plasma plantations which are still in development stage and receivables of plasma plantations
ce with Indonesian government regulations, the nucleus is granted plantation land rights if the nucleus
aries have been developing plasma plantations under “Kredit Koperasi Primer untuk Anggotanya” (KKP
scheme, the cooperation agreements are signed by the plasma farmers through local cooperatives (KUD)
value is generally determined at the inception of the cooperation agreement agreed by the nucleus and the pla
over of the plasma plantations, the plasma farmers are obliged to sell their crops to the subsidiaries as nuc
mounts withheld by the subsidiaries on the related sales.
lasma plantations are secured by plasma plantations and all assets located on the plantations, future
cation from outstanding balance of plasma plantations:
ances received from third party and related party customers (see Note 6c) in relation to
82,095
(23,150)
58,945
764,686
(729,152)
35,534
846,781
(752,302)
94,479
ASTRA AGRO LESTARI Tbk DAN ENTITAS ANAK/AND SUBSIDIARIES
Lampiran 5/35 Schedule
The Company’s current
2016
2,208,778
(2,612,709)
2,127,988
1,724,057
167,581
(1,575,517)
9,138
3,425
(12,022)
2,379
319,041
79,760
2,335
82,095
676,736
87,950
764,686
846,781
ASTRA AGRO LESTARI Tbk DAN ENTITAS ANAK/AND SUBSIDIARIES
Lampiran 5/36 Schedule
ERPAJAKAN (lanjutan) 18. TAXATION (continued)
n pajak penghasilan (lanjutan) a. Income tax expense (continued)
pajak adalah sebagai berikut: The cumulative tax loss carryforwards is as
follows:
2016
1,981,267
2016 2015
aan sebelum Profit before income
hasilan 1,724,057 1,569,713 tax of the Company
pada tarif Tax calculated at
ak (393,879) (380,727) Income not subject to tax Penghasilan kena pajak final
penghasilan 41,895 5,717 Income taxexpenses
Non deductible expense
set tanaman fiskal 58,945
2,335 14,764 - of therevaluation
assets Company Pengakuan aset paja
penghasilan
atas revaluasi tax assets of Income tax expense
fiscal plantations
n fiskal 35,534
(19,415) 465,065
- of subsidiaries
assets revaluation
2016
9,505
124
2,075
652
12,356
2016
17,753
1,777
13,938
44,382
161
175,406
6,924
-
260,341
272,697
2016
79,760
(88,150)
(8,390)
676,736
(3,484)
(18,121)
(479,725)
(501,330)
175,406
Schedule
enghasilan kena pajak Until the date of the financial statements report, the Company has
of the Company for 2015 fiscal year was not materially different from
Under the taxation laws of Indonesia, the Company and subsidiaries ca
due.
(6,938) 20,009
4,618 856
12,753 23,150
73,556 28,067
33,868 (3,877)
37 (37)
91,835 43,899
70,928 625,212
21,752 17,709
291,976 710,973
304,729 734,123
Schedule
3,565 (783)
35,335 (20,229)
(114,848) 44,575
(70,564) 18,179
(70,564) 18,179
(Dibebankan)/
dikreditkan ke
laba tahun
berjalan/
(Charged)/credited
to profit for
the year
-
(1,453)
(796)
1,790
2,173 (70,564)
Total deferred tax
(59,094) (13,643) 2,173 (70,564) liabilities, net
Ekonomi There are additions o
pat ketidakpastian penghasilan kena pajak masa mendatang Group has not recogn
million) on the basis tha
2016 Details of tax loss ca
137,307
211,580
414,369
642,896
168,622
1,574,774
ASTRA AGRO LESTARI Tbk DAN ENTITAS ANAK/AND SUBSIDIARIES
Lampiran 5/41 Schedule
400,000
-
400,000
1,003,805
866,861
664,956
601,445
296,771
267,186
-
3,701,024
1,585,213
2,115,811
t dated 9 September 2015, with the available commitment is revolving loan facility with maximum limit of
s are not secured and will be expired in 36 months from the signing date.
ng amounts as at 31 Desember 2016 and 2015 were in US Dollars currency with the annual interest r
- 2.75%).
loan due within 3 months after drawn down, whereas the Company has discretion to roll- over up to the agree
ntracts have notional amounts of US$ 26 million and US$ 8.67 million, with annual fixed interest
.
entered into loan facility agreements with Oversea-Chinese Banking Corporation Limited, Singapore.
nt dated 18 August 2015, with the available commitment is term loan facility with maximum limit
s are not secured and will be expired in 36 months from the signing date.
ng amounts as 31 December 2016 and 2015 were in US Dollars currency with the annual interests r
%).
loan due within 3 months after drawn down, whereas the Company has discretion to roll- over up to the agree
covenant for these facilities is the ratio of Consolidated Net Borrowings to Consolidated Cap
ot exceed 1.5:1.
ber 2015, The Company entered into Interest Rate Swap (“IRS”) contract with The Bank of Tokyo-Mitsubishi
act has a notional amount of US$ 15 million, with annual fixed interest rate of 2.75% and will be expired at 20
entered into loan facility agreements with PT Bank Central Asia Tbk.
dit facility (Overdraft) with maximum limit of Rp 50 billion. Annual interest rate for this facility is 0.25%
tted Money Market Line facility with maximum limit of Rp 500 billion. The loan due in 1 week, 2 weeks
ng amount for uncommitted Money Market Line facility as at 31 December 2016 and 2015 was in Ru
entered into loan facility agreements with PT Bank Sumitomo Mitsui Indonesia.
nt dated 19 October 2015, with the available commitment is revolving facility with maximum limit
for this commitment is 1.60% above LIBOR.
s not secured and will be expired in 36 months from the signing date.
ng amounts as at 31 December 2016 and 2015 were in US Dollars currency with the annual interest rate
loan due within 1 month after drawn down, whereas the Company has discretion to roll- over up to the agreem
covenant for these facilities is the ratio of Consolidated Net Borrowings to Consolidated Cap
ot exceed 1.5:1.
ber 2014, the Company entered into loan facility agreements with DBS Bank Ltd.
commitment is revolving loan facility with maximum limit of US$ 25 million and the annual interest rate
s are not secured and will be expired in 36 months from the signing date.
ng amount as at 31 December 2015 was in US Dollars currency with the annual interest rate of 2.02%.
covenant for these facilities is the ratio of Consolidated Net Borrowings to
Capital Employed for any relevant period does not exceed 1.5:1.
bk DAN ENTITAS ANAK/AND SUBSIDIARIES
mpiran 5/49 Schedule
entered into loan facility agreements with Sumitomo Mitsui Banking Corporation, Singapore branch.
nt dated 30 May 2013, with the available commitment is revolving loan facility with maximum limit
was not secured and expired at 30 May 2016.
nt dated 31 July 2015, with the available commitment is revolving loan facility with maximum limit
se are not securedofandthe
amendment willloan
be expired
facilityinagreement
36 months with
from the
PT signing date. Indonesia dated
Bank Mizuho
ng amounts
16, which as at 31
was December
part of the 2015 was
credit in US Dollars
agreement datedcurrency
29 Junewith the annual
2012, interestobtained
the Company rates wererevolving
2.03% - lo
2
covenant
erest forRupiah
rate for these facilities
facility is is the ratio
1.70% of Consolidated
above JIBOR or 1.70% aboveNet LIBOR
Borrowings
for the to
USConsolidated Cap
Dollar facility.
ots exceed 1.5:1. and will be expired in 12 months from the signing date of amendment.
not secured
ng amount as 31 December 2015 was in Rupiah currency with the annual interest rate of 9.91%.
covenant for these facilities is the ratio of Consolidated Net Borrowings to Consolidated Cap
ot exceed 1.5:1.
amendment of the credit agreement with PT Bank Pan Indonesia Tbk dated
6, which was part of the credit agreement dated 23 May 2011, the Company and certain subsidiarie
er of credit, Usance letter of credit and/or Sight SKBDN, Usance SKBDN facility with maximum limi
Rupiah currency.
exchange transaction with maximum limit of US$ 10 million.
es are not secured and valid until 21 April 2017.
it agreement with PT Bank Permata Tbk dated 8 December 2015, which was part of the credit agreement
benefit pension plan is managed by Dana Pensiun Astra Satu and its participants are all employees who we
ctors such as age, years of service and
ontribution pension plan is managed by Dana Pensiun Astra Dua and its participants are all employees who
2016 2015
430,192
155,285
585,477
(68,592)
516,885
2016
433,899
(3,707)
430,192
435,949
56,106
39,317
(286)
(50)
(10,877)
(76,390)
-
(13,577)
430,192
(33,685)
396,507
kewajiban adalah sebagai berikut: The movements in the presents value of obligation
are as follows:
2016
439,308
56,106
39,317
(87,267)
(13,565)
433,899
3,359
286
50
12
3,707
ASTRA AGRO LESTARI Tbk DAN ENTITAS ANAK/AND SUBSIDIARIES
Lampiran 5/53 Schedule
29.65%
62.69%
7.66%
100.00%
2016
33,713
27,375
153,777
6,052,197
6,267,062
1%
1%
1%
1%
ASTRA AGRO LESTARI Tbk DAN ENTITAS ANAK/AND SUBSIDIARIES
Lampiran 5/54 Schedule
MBALAN KERJA (lanjutan) 20. EMPLOYEE BENEFITS OBLIGATIONS
(continued)
Pension benefits and other po
kerja jangka
ubahan panjang
beberapa asumsi lainnya Other long-term
mungkin saling berkorelasi. Dalam employeeThe benefits
above sensitivity analysi
an adalah sebagai berikut: The movements
projected unit credit pada akhir periode pelaporan) telah of the obligations are as follows:
significant actuarial assumpt
2016 2015 statements of financial position.
133,022 117,683 Beginning balance
49,454 43,827 Current service cost
Jumlah Persentase
saham/ kepemilikan/
shares
Number of ownership
Percentage of
1,533,682,440 79.68%
391,005,893 20.32%
1,924,688,333 100.00%
1,254,831,088 79.68%
319,913,912 20.32%
1,574,745,000 100.00%
per saham, dimana setiap pemegang 9 saham lama berhak atas 2 In June 2016, the Company
to 2 new shares at the exercise p
2016
3,823,131
132,090
(31,729)
47,464
(125,800)
3,845,156
33,712
(3,173)
3,878,995
3,300
Non-controling interests in th
2016
163,977
96,054
61,649
35,087
26,658
25,398
17,023
13,439
9,473
8,788
652
458,198
bk DAN ENTITAS ANAK/AND SUBSIDIARIES
mpiran 5/56 Schedule
ndonesian Limited Liability Law, a company is required to set up a statutory reserve amounting to at l
f the appropriated retained earnings of the Company as at 31 December 2016 and
% and 20% of the Company’s issued and paid up capital.
Director’s Meeting’s decision which was approved by the Board of Commisioners on 20 September 2
General Shareholders’ Meeting held on 11 April 2016, the shareholders approved that there were no distrib
General Shareholders’ Meeting held on 14 April 2015, the shareholders approved the distribution of cash
244 (full amount) per share to the shareholders registered as at 14 October 2014 which have been decided by
ASTRA AGRO LESTARI Tbk DAN ENTITAS ANAK/AND SUBSIDIARIES
Lampiran 5/57 Schedule
2015
1,041,343
1,292,177
738,308
3,071,828
7.31%
53.42%
60.73%
39.27%
ASTRA AGRO LESTARI100.00%
Tbk DAN ENTITAS ANAK/AND SUBSIDIARIES
Lampiran 5/58 Schedule
Beban produksi berdasarkan sifat:
895,062 Penggunaan bahan baku
320,665
461,085
217,185 dan biaya pengolahan 6,016,176
173,454 Biaya panen dan
10,832,061
pemeliharaan 2,748,434
983,354
(1,370,055)
10,445,360
213,807
108,295
91,574
84,444
50,497
37,149
34,178
27,112
14,138
9,148
4,811
1,473
676,626
Mainly represent freight and deli
ASTRA AGRO LESTARI Tbk DAN ENTITAS ANAK/AND SUBSIDIARIES
Lampiran 5/59 Schedule
30
2016
114,549
30,324
144,873
31
2016
25,588 27,776
150,603 185,077
, terdiri dari: Other expenses, are as follows:
oyek Provision of
(518,630) (4,541)
gan lahan area development
This provision is related to the ec
882 4,929(669,194) Claim (189,604) project and
income Pengembalian plantations
iuran pensiun 5,794
(39) (14) Others
bk DAN ENTITAS ANAK/AND SUBSIDIARIES
mpiran 5/60 Schedule
33. EARNINGS PER SHARE
6 2015
id not have any dilutive potential shares, as such, there was no dilutive impact to the calculation of earning
Y ASSETS AND LIABILITIES IN FOREIGN CURRENCIES
Profit attributable to
balance
06,973 of monetary
619,107 assets and liabilities
owners of the Company in foreign currency is
denominated
while other foreignMata uang balance
currencies are average
Weighted presented as US of
number dollar equivalent.
51,096 15 1,110,372 705,070
asing lainnya/ ordinary shares outstanding
Dolar AS/ Other foreign Setara(number
Rupiah/of shares) Monetary liabilities
26,994 1,574,745,000
S Dollars currencies Rupiah equivalent Advances
Basic/diluted earnings per share
(11,727)
m ribuan/in thousands) - - (161,777)
(dalam jutaan/in millions) from customers
35.85 393.15 (full amount)
2015 2016 2015 Trade payables and
(1,096) (510) (25,950) (22,150) other liabilities
Monetary assets
njaman bank jangka
Cash (518,864)
(6) and cash panjang
(510) (3,452,164) (7,164,771)
4,494 15 220,974 62,198 Currentequivalents
maturities
Total net monetary
3,269 (467,768) (495)
9 - 396,307 (2,341,792) of long-term
45,095 (6,459,701)
Trade receivables liabilities
(96,039) - (1,585,213) (1,324,860) bank loans
Long term
Long-term
gn42,445
exchange rate of the- net monetary 454,304 liabilities 585,523as at 31receivablesDecember 2016 had strengthened/wea
(410,002)
888 -
- (1,841,001)
38,787 (5,655,984)
12,254 Other bank loans
receivables
million).
ASTRA AGRO LESTARI Tbk DAN ENTITAS ANAK/AND SUBSIDIARIES
Lampiran 5/61 Schedule
86,672
367,632
454,304
Raya berupa
Commitments for acquisitio
men
bk mengajukan
DAN ENTITAS keberatan atas gugatan
ANAK/AND tersebut kepada Bapedal
SUBSIDIARIES In 2004, PT Eka Dura
kelanjutan
mpiran 5/62atas perkara ini sejak 2004. Berdasarkan Surat
Schedule lawsuit to Bapedal Riau o
there is no continuation o
profile for short term borrowings is 1 week and 1 month from drawdown date and for long-term borrowi
s.
s bank loans, amounting to Rp 3,031 billion (2015: Rp 6,560 billion) are floating interest rates borrowings an
rent condition, Group manages the fluctuation of market interest rate and foreign exchange risk ar
d actively
cember seeks
2016, for a competitive
if borrowings interestcost of had
rates capital.
been 100 basis points higher/lower with all other variables he
e of financial assets and financial liabilities is not significantly different with the
ount recorded in the consolidated statements of financial position.
capital, the Group safeguards its ability to continue as a going concern and to maximise benefits to
actively and regularly reviews and manages its capital to ensure the optimal capital structure and r
onitors capital on the basis of the Group’s consolidated gearing ratio. The gearing
ated as Consolidated
ASTRA AGRO LESTARI net borrowings
Tbk DAN divided by Consolidated
ENTITAS ANAK/AND capital employed.
SUBSIDIARIES
Lampiran 5/64 Schedule
(531,583)
3,569,441
24,226,122
(6,632,640)
(55,951)
17,537,531
20%
ed and fully paid capital and shareholder’s approval for the Limited Public Offering I with respect to the i
n
ntation Letter
operation, general trading, manufacturing,
a Block OR no. 1, Pulogadung Industrial Estate, Jakarta. The Company’s oil palm plantations and its mill
ffering of 125.8 million common shares with par value of Rp 500 (full amount) per share to public at
sue 251.6 million bonus shares.
ptions to purchase 75.48 million new shares to qualified Group’s employees.
fering I with respect to the issuance of Pre-emptive Rights of 349.94 million shares with par value of Rp 500
Persentase kepemilikan/
Percentage of ownership
1993 85.00
1994 99.99
1987 99.99
1997 99.99
1999 75.00
1994 99.55
88.83
90.00
99.99
99.99
99.99
99.99
99.80
94.99
99.99
99.99
99.99
99.99
95.00
95.00
99.99
95.00
99.99
99.99
99.99
95.00
95.00
f P
ial P
99.99
2009 99.99
1995 99.99
2006 99.99
2000 99.99
2011 99.99
2011 99.99
2011 99.99
2012 99.99
2013 99.99
2013 99.99
2000 99.99
1999 99.99
2016 99.99
1995 99.99
99.99
1992 99.99
2014 99.99
99.99
ees).
with the Indonesian Financial Accounting Standards and approved by the Directors on 20 February 2017.
solidated financial statements.
he accruals basis, except for the consolidated statements of cash flows.
cial statements are rounded to and stated in millions of Rupiah, unless otherwise stated.
at statements of financial position date and results of operations for the years then ended of the Com
the entity. The Company used the acquisition method to account for the acquisition of subsidiarie
is identified at its portion and presented as part of total attributable comprehensive income in the consolidat
hanges in equity of subsidiaries and presented as part of equity in the consolidated statements of fina
in the consolidated statement of profit or loss and other comprehensive income from the date on whic
ol exists.
all material respects have been consistently applied by the subsidiaries.
ore other venturers. Joint venture is accounted for using the equity method.
m
ntly measured at amortised cost using the effective interest method, unless the effect of discounting is
are determined to be not collectible.
n of indirect costs of the plantation using planted
tion of
eld preparation, planting, fertilising and maintenance, including the capitalisation of borrowing
ssified to mature plantations.
s are mature using the straight-line method over the estimated useful life of 20 years. Oil palm plantatio
er planting.
d to livestocks for sale. Livestocks are stated at the lower of the accumulated acquisition value or net rea
depreciation, except land which is not depreciated. Costs incurred in association with obtainin
5 Vehicles
are reviewed and adjusted, if appropriate, at each statements of financial position date.
s a separate asset, as appropriate, only when it is probable that future economic benefits associated w
ment of profit or loss and other comprehensive income as incurred.
he related accumulated depreciation are eliminated from the consolidated financial statements,
accumulated costs are reclassified to the appropriate fixed assets accounts when the construction is
are capitalised to plasma plantations and stated at acquisition costs. Subsequently plasma plantatio
nd their hand over value is charged to the consolidated statement of profit or loss and
for impairment whenever events or changes in circumstances indicate that the carrying amount m
of the assets. For the purposes of assessing impairment, assets are grouped at the lowest levels for whi
ment are reviewed for possible reversal of the impairment. Recoverable amount is immedia
and
and subsequently measured at amortised cost using the effective interest method, unless the effect of disc
of discounts, returns, trade allowances, export tax and export levies.
and rewards of ownership of the goods have been
nge rates prevailing at the date of the transactions. At the statements of financial position da
ion of foreign currency monetary assets and liabilities are recognised in the consolidated statement
ge rates at the consolidated statements of financial position dates are Rp 13,436 (full amount) (201
The definition of related parties used is in accordance with the Indonesian Statement of Financial
s of assets and liabilities, and their carrying values for financial reporting purposes, using the balance
an asset or a liability and the recognition of a deferred tax asset from tax loss carryforwards are presen
ble income will be available against which the deductible temporary differences and tax loss carryforward
curred. Subsequently, borrowings are stated at amortised cost using the effective interest method.
mount to be capitalised is determined by applying a capitalisation rate to the amount expended on the qualifyin
and intention to roll-over as required by the agreements and their maturities are more than 12 m
on as a result of past events and it is probable that an outflow of resources embodying economic ben
at the statements of financial position date less the fair value of plan assets. The defined benefit obligation
the estimated future cash outflows using the yield at the statements of financial position date of long-term gov
Law No. 13/2003, which represents an underlying defined benefit obligation. If the pension benefits ba
in actuarial assumptions are recognised through other comprehensive income and reported in
based on the Group’s regulations and calculated using the projected unit credit and
he Company by the weighted average number of shares outstanding during the year.
f the Company by the weighted average number of shares outstanding plus the weighted average number of sh
in the Company’s General Meeting of the Shareholders. Interim dividend distributions are recogn
ded to the chief operating decision-maker responsible for allocating resources, assessing
hedge underlying exposures. Derivative financial instruments are recognised at their fair
tive is designated as a hedging instrument for accounting purposes and the nature of the item being h
flow hedges for accounting purposes and that are effective, are recognised in other comprehens
rent asset or
es quoted byliability
the bankif the
forremaining
contractsmaturities
owned byofthe Group at the statement of financial position dat
s that effectively offset the variability of cash flows associated with the borrowings are recorded in
the shares of PT Mitra Barito Gemilang, a rubber plantation company in Central Kalimantan for a
1,749
41,220
184
51
3
-
nnual interest rates for time deposits were in the following ranges:
-
-
TRA
DE
REC
5
EIV
ABL
ES
F
o
r
e
i
g
2015
23,727
14,415
2,213
40,355
(23,875)
16,480
29,159
45,639
2015
25,409 44,105
69,514
(23,875)
45,639
2015
24,419
45,095
69,514
ments of the provision for impairment are as follows:
2015
21,545
2,330
23,875
gement believes that the provision for impairment is adequate to cover losses from
ectible trade receivables.
Nature of relationships and transactions with related parties
TED PARTY INFORMATION (continued)
Nature of relationships and transactions with related parties (continued)
Sifa t hubungan/
b. Summary of
related parties
2016 2015
4,335,783 33%
1,051,370 8%
544,898 39% 5,387,153 41%
322,574 3%
42,841 8%
21,941 79%
benefits
ment and
enefits
Total payment made by the Group to Dana Pensiun Astra amounted to Rp 108,384 million (2015:
2015
- 1,153
485,966
487,119
716,791
3%
22,215
161,778
183,993
5,495
2,913
3,332
4,337
1,703
1,603
1,117
153
26,300
s
2015
42,387
1,449
8,697
1,353
1,297
1,167
2,919
90,467
31,315
181,051
9 PREPAID TAXES
2015
559,030
-
INV
EST
ME
NT
IN
JOI
559,030
NT
VEN
TUR
10 ES
On
27
Janu
ary
2015
, the
Com
pany
unde
rtook
an
inves
tment
in
75,0
00
new
share
s of
PT
Krea
Adhi
kary
a
(KJA
) or
amou
nting
to
Rp
75
billio
n
whic
h
enga
ges
in
the
refini
ng of
crud
e
palm
oil
in
Dum
ai,
This
Riau
inves
Provi
tment
nce.
is
base
d
on
the
joint
ventu
re
wher
agre
eas
emen
the
t
comp
dated
ositio
10
nNove
of
owne
mber
rship
2014
The
Com
pany
and
KL-
Kepo
ng
Plant
ation
Hold
ings
Sdn.
Bhd.,
Mala
ysia
appr
oved
to
incre
ase
the
KJA’
s
paid
in
billio
capit
n.
al
This
throu
incre
gh
ase
the
base
conv
d on
ersio
nDeed
of
loans
from
draw
each
n up
share
befor
holde
e
rs
Nota
amou
ry
Deci
nting
Rosa
sion
to
linaRp
Lette
175
Tasw
r No.
in,
AHU
SH
-
TMENT IN JOINT VENTURES (continued)
KLK Pte. Ltd. (ASK) engages in marketing and logistic services which operated in Singapore.
arrying amounts and share of results are as follows:
Bagian atas
hasil bersih/
share of
results
-
(13,744)
(12,528)
-
(30,071)
5,002
reven
ue
are
as
follo
ws:
2015
1
,
6
4
1
,
4
4
3 2
8
9
1 ,
, 5
3 9
2 5
9
,
3
9
7
4
9
2
,
4
2
6
1
1
,
9
PLA3
NTA5
TIO ,
NS 4
4
6
a.
Matu
re
plant T
ation o
s t
a
l
n
o
n
-
c
u
r
r
e
N n
e t
t
r l
e i
v a
e b
n i
u l
(16
3,71
4)
6,42
0,78
9
- 45,874
-
45,874
Depreciation of mature plantations of Rp 287,255 million was allocated to cost of production (
The disposals of mature plantations in 2016 and 2015 were mainly in relation with the designation o
area.
2,637,509
811,290
645,461
4,137
4,098,397
Pengurangan/
Disposals
The additions of immature plantations in 2
The disposals of immature plantations in 2016 and 2015 were mainly in relation with the provision of
consideration of the benefit and costs principles, whereby the total areas that are scattered in d
Pengurangan/
n Disposals
- (101)
- (39,840)
(45,635)
(28,320)
(329)
(30,963)
-
(145,087)
(18,700)
-
- 718,613
(163,
0) 1,597,813 787)
14,353
- ,707 3,225
- 1,849
- 193
- 17,144
-
22,411
The disposals of fixed assets and construction in progress we
plantations.
dditions of acquisition cost and accumulated depreciation related to business combination in
were Rp 87,270 million and Rp 1,961 million, respectively (see Note 3).
- -
520,421 -
563,504 (3,029)
697,822 (1,933)
85,018
3,100 (8,929)
(485)
1,869,865 (14,376)
518,511 -
750,744 (14, -
600,610 -
1,869,865 376) -
-
12,927,
- 474 -
- 1,745
- 1,933
- 8,929
482 (59,353)
13,089 (3,565,743)
9,361,731
Depreciation of fixed ollows:
2016 2015
521,036
87,471
55,637
782,407 664,144
inst losses from fire and other risks for a total coverage of Rp 12,914 billion (2015: Rp 12,1
on in progress had an average percentage of completion of approximately 80% and is expected to b
xpire within 2017 to 2099. Management believes the land rights can be renewed.
to Rp 13,042 billion (2015: Rp 11,575 billion). The significant difference with carrying amount
733,535
hrid parties
ted parties
Note 6c)
2015
711,700
21,835
733,535
Trade payables
FFB, fertilisers, pesticides, spareparts and other plantation ma
term in the range of 14 days to 45 days.
wages and
benefits 2015
onal fees Beban komitmen fasilitas bank 5,932 2,597 Commitment fee of b
15,257
(493)
14,764
550,756
(85,691)
465,065
566,013
(86,184)
479,829
The Company’s current income tax expense was calculated as follows:
2015
1,861,238
61,028
-
15,257
-
550,756
566,013
d)
ued)
rds is as
2015
1,871,534
A reconciliation between income t
and the profit before income
income
mpany
ulated at
hasilan kena pajak final (3,005) (2,654) Income subject to final tax Beban ya
expense
penses
pany Pengakuan aset pajak
uation Recognition of deferred
expense
tions
iaries
ation
2015
25,240
1,908
1,379
28,539
2015
21,431
1,198
3,901
9,050
95,023
6,695
149
137,543
166,082
calculated as
2015
15,257
(131,746)
(116,489)
550,756
(1,650)
(24,254)
(429,829)
(455,733)
95,023
eport, the Company has not submitted its annual tax return (SPT) for 2016 fiscal year. However, the
materially different from the amount reported in the SPT for the 2015 fiscal year).
mpany and subsidiaries calculate, assess, and submit tax returns on the basis of self - assessment. The
20,009
856
23,150
28,067
(3,877)
(37)
43,899
625,212
Loss on
(783) plasma
(20,229)
44,575
18,179
18,179
Perusaha
Kewajiba
Selisih n
tetap
fiskal
Dikreditkan/
Beban ditan
(dibebankan) ke
penghasilan -
kom
Cre
to other
comprehensive
income
(1,453)
(796)
1,790
201,070
218,017
460,609
643,770
1,555,773
d)
ed)
Management disagreed with the assessments above and has filed objections or appeals; how
19
-
4 April 2015, the Company entered into loan facility agreement with United Overseas Bank Limited.
vailable commitment is term loan facility with maximum limit of US$ 75 million. The annual interest
R.
acility is not secured and will be expiring in 36 months from the signing date.
the annual interest rates were 2.47% - 2.75% (2015: 1.92% - 2.75%).
ngs to Consolidated Capital Employed for any relevant period does not exceed 1.5:1.
k UOB Indonesia to hedge the risk of market interest rate fluctuation with respect to the variable interest rate
% and will be expired at 24 April 2018.
h were part of the credit agreement dated 15 April 2013, the Company obtained commitments as follows:
period within 15 months from the signing date. The annual interest rate for this commitment is 1.70%
e for this commitment is 1.70% above LIBOR.
y with maximum limit of US$ 75 million with the availability period within 12 months from
with maximum limit of US$ 50 million. The annual interest rate for this commitment is 1.50% abo
h the annual interest rates were 2.53% - 2.75%
o roll- over up to the agreement expiry date by submitting the compliance of roll-over requirements and
ngs to
ontracts with PT Bank Mizuho Indonesia to hedge the risk of market interest rate fluctuation with respect to
th annual fixed interest rates of 2.65% and 2.75%, respectively. The IRS contracts will be expir
ity with maximum limit of US$ 100 million. The annual interest rate for this commitment is 1.50% ab
o roll- over up to the agreement expiry date by submitting the compliance of roll-over requirements and
ngs to
f US$ 15 million (previous agreement dated 28 August 2014 with maximum limit of US$ 14.5 million).
ity with maximum limit of US$ 45 million. The annual interest rate for this commitment is 1.70%
ith the annual interests rates of 2.61% - 2.75% (2015:
o roll- over up to the agreement expiry date by submitting the compliance of roll-over requirements and
olving facility with maximum limit of Rp 1 trillion. The loan due in 1 month, 3 months or 6 months after drawn
the compliance of roll-over requirements and financial covenant.
ere in Rupiah currency with the annual interest rate of 8.18% - 8.74% (2015: 10.46%).
o roll- over up to the agreement expiry date by submitting the compliance of roll-over requirements and
lity with maximum limit of US$ 20 million. The annual interest rate for this commitment is 1.60%
sia dated
terestobtained
pany rates wererevolving
2.03% - loan
2.34%.
facility with maximum limit of Rp 200 billion or its equivalent in US Dollars.
ngs
r the to
USConsolidated Capital Employed for any relevant
Dollar facility.
ment.
nterest rate of 9.91%.
ngs to Consolidated Capital Employed for any relevant
ed
ny and certain subsidiaries obtained facilities as follows:
s are all employees who were participants of Dana Pensiun Astra before and on 20 April 1992. A defined
ts are all employees who became participants of Dana Pensiun Astra after 20 April 1992.
ctuary,
OBLIGATIONS
mployee benefits obligations recognised in the consolidated statements of financial position are as follow
2016 2015
435,949
133,022
568,971
(56,048)
512,923
2015
439,308
(3,359)
435,949
OBLIGATIONS
on benefits and other post-employment benefits (continued)
365,480
50,715
28,359
(258)
(11,481)
19,860
- (148)
(16,721)
435,949
(21,677)
414,272
obligation
2016 2015
368,692
50,715
28,359
8,231
(16,689)
439,308
The movements in the fair value of plan assets are as follows:
3,212
(143)
32
3,359
2015
1,447
1,781
131
3,359
ted contributions to post-employment benefit plans for the year ending 31 December 2017 are Rp 80,457 milli
nding 31 December 2016).
ted maturity analysis of undiscounted pension benefits are as follows:
2015
21,698
27,151
145,816
7,148,744
7,343,409
The sensitivity of the defined benefit pension
obligation to changes in the principal actuarial assumptions ar
(63,082)
86,024
(33,735)
79,585
OBLIGATIONS
on benefits and other post-employment benefits (continued)
fits
above sensitivity analysis is based on a change in an assumption while holding all other assumptio
scant
follows:
actuarial assumptions, the same method (present value of the defined benefit pension obl
ments of financial position.
ng balance
ervice cost
Jumlah/
2016
2015
ne 2016, the Company completed the implementation of Limited Public Offering I to Company’s
ew shares at the exercise price of Rp 11,425 (full amount) per share. The proceeds is use for bank loa
2015
(3,990)
47,464
(3,173)
83,603
3,300
ontroling interests in the equity of each consolidated subsidiaries are not material to the Group’s c
2015
643
413,971
y reserve amounting to at least 20% of the company’s issued and paid up capital.
and
oners on 20 September 2016, it was decided to distribute interim cash dividends from the 2016 profit
d that there were no distribution of cash dividends for the
ved the distribution of cash dividends from the 2014 profit of Rp 1,127,518 million or Rp 716 (full amount) pe
which have been decided by the Directors’ Meeting and approved by the Board of Commissioners on 17 Se
Group principally operates in one operating segment which is palm oil business. Below is the additional in
2016 2015
815,858 586,947
1,149,781 113,707
613,369 258,504
2,579,008 959,158
65,548 10,580
(274,054)
ct: 2015
11,531,883
1,524,314
3,019
13,059,216
Detail of revenue from a customer exceeding 10%
2015 of net revenue:
1,414,844
6,257,219
7,672,063
5,387,153
13,059,216
231,278
87,471
91,918
53,335
39,870
35,463
41,934
25,103
17,616
9,460
3,553
54,411
691,412
y represent freight and delivery charges.
30 FINANCE COST
2015
103,082
22,427
125,509
31 INTEREST INCOME
2015
as follows:
vision of
pment
rovision is related to the economic scale and value of the plantation area development project and its inf
ations
nsiun 5,794 3,718 Pension contribution refund Pendapatan barang bekas
Others
o the calculation of earnings per share.
cy is
monetary
abilities
16 had strengthened/weakened by 10% against Rupiah with all other variables held constant, the pro
99,557
487,119
586,676
Bond receivables
nancial stability, the Group adopts a policy to minimise the impact of the financial risks.
nce for the sales of its main products to domestic third parties and export to related party, and financial p
ources, maintaining sufficient cash and cash equivalents, and ensuring the availability of funding fr
ts as the Group implements a system of cash received in advance for third parties domestic sales
olidated
nd for long-term borrowings is due with several installments in January 2017 to August 2018
nterest rates borrowings and are exposed to interest rate changes, whilst the remaining Rp 1,070 billion (2
foreign exchange risk arising from bank loans through considering the usage of credit facilities in Rupia
with all other variables held constant, the Group’s profit after tax would decrease/increase by Rp 2,297 m
ith the
gearing
ENT (continued)
d)
earing ratio as at 31 December 2016 and 2015 are as follow:
2015
7,438,383
11,642,836
64%
changes in assumptions, estimates and judgements as stated above, may have significant risks which exp
eporting period.
NOTES TO THE CONSOLIDATED FI
Hardjasatya, S.H., dated 3 October 1988, which was then changed to PT Astra Agro Niaga
No. 126 dated 19 June 1997
No. C2-10099.HT.01.01.TH.89 and deed
datedof amendment No. 176 of Benny Kristianto, S.H., dated 30 June
PT Astra
n to Rp Agro Lestaricomprising
2 trillion Tbk and shareholder’s approval
4 billion shares to offer
at par value125.8
of Rpmillion
500 of theamount).
(full Company's
Theshares
change toof th
pu
8271.HT.01.04.TH.97
on dated 21 August
Letter No. C2-5992.HT.01.04.TH.97 dated 2 July 1997 and published in the State Gazette of the Rep
ering I with respect to the issuance of Pre-emptive Rights, were effected by Notarial Deed No. 30 of Aryan
alm plantations and its mill are located in South Kalimantan. The subsidiaries’ plantations and mills
) per share to public at the offering price of Rp 1,550 (full amount) per share, was deemed effective.
s with par value of Rp 500 (full amount) per share to Company’s shareholders at the exercise price of Rp 11,4
e Company has the ability to control the subsidiaries, which consist of:
85.
99.
99.
99.
75.
99.
88.
90.
99.
99.
99.
99.
99.
94.
99.
99.
99.
99.
95.
95.
99.
95.
99.
99.
99.
95.
95.
Persentase kepemilikan/
Percentage of ownership
99.99
99.99
99.99
99.99
99.99
99.99
99.99
99.99
99.99
99.99
99.99
99.99
99.99
99.99
99.99
-
99.99
99.99
rent entity of
Matheson Holdings Ltd, incorporated in Bermuda, is its
rwise stated.
ars then ended of the Company and entities in which the Company has control when the Company is e
cquisition of subsidiaries. The cost of acquisition includes any fair value of contigent consideration a
e income in the consolidated statement of profit or loss and other comprehensive income. Non- con
olidated statements of financial position.
0 years. Oil palm plantations are considered mature within three to four years after planting and g
acquisition value or net realisable value.
association with obtaining land right at the first time are recognised as part of the land acquisition
date.
NOTES TO THE CONSOLIDATED FINA
(E
mic benefits associated with the item will flow to the Group and the cost of the item can be measured re
ated financial statements, and the resulting gains and losses are recognised in the consolidated st
s when the construction is substantially completed and the asset is ready for its intended use, and the
equently plasma plantations are measured at amortised cost.
it or loss and
NOTES TO THE CONSOLIDATED FINA
(E
the carrying amount may not be recoverable. An impairment loss is recognised for the amount by
he lowest levels for which there are separately identifiable cash flows.
amount is immediately recognised in profit or loss, but not in excess of any accumulated impairme
hod, unless the effect of discounting is immaterial.
NOTES TO THE CONSOLIDATED FINA
(E
ts of financial position date, monetary assets and liabilities in foreign currency are translated at th
he consolidated statement of profit or loss and other comprehensive income.
13,436 (full amount) (2015: Rp 13,795 (full amount)) for
ian Statement of Financial Accounting Standard (PSAK) No. 7 (Revised 2015), “Related Party Disclosures”.
poses, using the balance sheet liability method. Currently enacted or substantially enacted tax rates are
NOTES TO THE CONSOLIDATED FINA
(E
s carryforwards are presented as a net amount for each entity.
t expended on the qualifying assets. The capitalisation rate is the weighted average of the total borrowing
rities are more than 12 months after the reporting period.
embodying economic benefits will be required to settle the obligation and a reliable estimate can be made
NOTES TO THE CONSOLIDATED FINA
(E
defined benefit obligation is calculated annually by
sition date of long-term government bonds denominated in Rupiah in which the benefits will be paid and that
the pension benefits based on Law No. 13/2003 are higher than those based on the existing p
reported in
NOTES TO THE CONSOLIDATED FINA
(E
expected costs of these benefits are accrued over the period of employment, using an accounting me
dit and
r.
ature of the item being hedged. The Group designated derivatives as hedge of the interest rate risk as
in other comprehensive income. When a hedging instrument expires, or when a hedge no lo
of financial position date and calculated by reference to observable market interest rates.
NOTES TO THE CONSOLIDATED FINA
rowings are recorded in other comprehensive income. The amounts are subsequently recognised in prof (E
B
a
n
k
R
a
k
y
a
t
39,901 I
n
d
o
n
e
s
i
a
T
b
PT k
Bank
Cent
ral
Asia
Tbk
PT
Ba
nk
Pe
mb
an
gu
na
n
3,288 Daerah
Kalima
ntan
Timur
429 P
T
B
a
n
k
M
a
n
d
i
r
i
T
b
k
194 PT
Bank
Pan
Indones
ia Tbk
253 O
t
h
e
r
87,034 b
a
n
k
s
F
o
r
e
i
g
n
c
u
3,256 r
676 PT r
Bank e
Pan n
Indones c
ia Tbk y
P
T
B
a
n
k
R
a
k
y
a
t
I
n
d
o
n
e
s
i
a
T
b
k
584 PT
Ba
nk
D
BS
In
do
ne
sia
134 PT
270 Ba
nk
120 OC
CBi
Ct
NIi
SPb
Baa
nkn
of k
To,
ky N
o- .
MiA
tsu.
bis,
hi J
Ua
FJk
Lt a
d.,r
141 PT
Ba
nk
Co
m
mo
nw
eal
th
407 O
t
h
e
r
b
a
n
k
s
5,588
R
e
l
a
t
e
d
p
a
r
t
y
200,513 (
s
e
e
N
o
t
e
6
c
)
293,135
T
i
- m
e
d
e
p
F
o
r
- e
i
g
n
-
c
u
r
r
e
n
c
y
P
T
B
a
n
k
R
a
k
y
a
t
I
n
d
o
n
e
s
i
a
T
b
k
294,441
T
h
i
r
d
p
a
r
t
i
e
s
Tr
um
p
Asi
a
Pa
cifi
c
Co
rp.
Lt
d.
C
a
r
g
i
l
l
I
n
t
e
r
n
a
t
i
o
n
a
l
- T
r
a
d
i
n
g
P
t
e
.
L
t
d
.
- Joso
vina
Com
modi
ties
Pte.
Ltd.
G
o
k
u
l
A
g
r
o
R
e
s
o
u
r
c
e
s
L
t
d
.
O
t
h
e
r
s
<
R
p
b
i
l
l
i
o
n
Le
ss:
pr
ovi
sio
n
for R
im e(
pai ls
rm ea
ent te
e
d
N
o
p
t
a
e
r
t
6
- L ic
e e)
s s
Ms O
o n
r t e
Le e h
ss: a t
pr t n o
ovi h
sio a o t
n n n w
for e o
im t
pai wmm
rm o o o
ent n n
mt t
o h h
n s
t
h
s
R
u
p
i
a
h
F
o
r
e
i
g
n
c
u
r
r
e
n
c
y
B
e
g
i
n
n
i
n
g
b
a
l
a
n
c
e
(
D
e
d
u
c
t
i
o
n
)
/
a
d
d
i
t
i
o
n
E
n
d
i
riodically for the possibility of debtor facing significant financial difficulties, entering bankruptcy, paymen
n
g
b
a
l
a
n
c
e
er losses from
Sig
nific
ant t
rans
actio
ns
Pem
belia
n alat
peng
dan
angk
suku
utan
cada
ng/P
urch
ases
of
vehic
les
and
spare
parts
Pem
belia
n
peral
atan
dan
suku
cada
ng/P
urch
ases
and
of
spare
equip
parts
ment
s
Pem
belia
n
peral
atan
cada
dan
ng/P
suku
urch
ases
of
equip
ment
s
and
spare
parts
Pem
belia
n
peral
atan
dan
suku
cada
ng/P
Pem
urch
belia
ases
n
of
baha
equip
n
ment
Purc
bakar
s and
hases
/of
spare
parts
fuel
Pem
belia
n
peral
atan
dan
suku
cada
ng/P
urch
ases
and
of
spare
equip
parts
ment
s
Pem
belia
n
peral
atan
dan
suku
cada
ng/P
urch
ases
of
equip
ment
s
and
spare
parts
Peny
ewaa
n
kend
araaa
n
berm
otor/
Vehi
cles
renta
l
servi
ces
Jasa
peng
angk
utan/
Tran
sport
ation
servi
ces
Jasa
perba
nkan/
Bank
ing
servi
ces
Pem
belia
n
suku
cada
ng
kend
araan
/
Purc
hases
of
vehic
le
spare
parts
Tr
an
sa
ksi
ya
ng
sig
nif
ik
an
/
S
ignifica
nt tran
saction
s
Pembel
ian
peralata
n/
Purcha
ses of
equipm
ents
Penjual
an
barang
jadi/
Sales of
finished
goods
Penjual
an
barang
jadi
dan
pinjam
an/
Sales of
finished
goods
and
loan
Kompe
nsasi/
Compe
nsation
Jasa
penyele
nggara
progra
m
imbala
n
pascake
rja/Post
-
employ
ment
benefit
plan
service
s
signific
ant
transac
tions
with
S
a
l
e
s
o
f
f
i
n
i
s
h
e
d
g
o
o
d
s
(
t p
o e
: r
c
e
n
t
a
g
e
o
f
n
e
t
r
e
v
e
n
u
e
)
A
s
t
r
a
-
K
L
K
P
t
e
.
L
t
d
.
PT
Kr
ea
sij
ay
a
Ad
hik
ar
ya
P
u
r
c
h
a
s
e
s
o
f
v
e
h
i
c
l
e
s
e
q
u
i
p
m
e
n
t
,
s
p
a
r
e
p
a
r
t
s
,
f
u
e
s l
e
r a
v n
i d
c
e v
s eT
h
N
f i,
r c
o lS
m eA
R
B r,
Ne
Pn U
, tT
Aa ,
I l
, P
SHN,
AOP,
AG
and
UTP
E
(
p
e
r
c
e
n
t
a
g
e
r
e
o
v
f
e
n
c
u
o
e
s
)
t
o
f
Transp
ortatio
n
service
from
SSI
(
p
e
r
c
e
n
t
a
g e
e x
p
o e
f n
s
s e
e I s
l n )
l
t
i
e B
n
r P
g
e
s a
t n
d
i
n K
c J
o A
m
e
f
r
o
m
(
p
e
r
c
e
n
t
a
g
i e
n
t o
e f
r
e
s
t
i
n
c
o
m
e
)
l) are as follows:
parties
2015 Assets
Cash
and
cash
equival
ents
Rupiah
143,903 P
T
B
a
n
k
P
e
r
m
a
t
T
r
Fa
o d
r e
e
56,610 P i r
200,513 T g e
n c
B e
a c i R
n u v u
k r a p
r b i
P e l a
e n e h
r c s
22,829 PT m y
Kr a
ea t
sija
ay
a T
Ad b
hik k
ar
ya F
o
r
e
i
g
n
c
6,330 A u
s r
t r
r e
a n
- c
K y
L
K
P
t
e
.
29,159
O
t
h
e
r
r
e
c
e
i
v
a
b
l
e
s
R
u
p
i
a
h
- PT
Kr
ea
sij
ay
a
Ad
hik
ar
ya
F
o
r
e
i
g
n
c
u
r
r
e
n
c
y
- PT
Kr
ea
sij
ay
a
Ad
hik
ar
ya
-
d parties (continued)
As
set
s
(co
nti
nu
ed)
Lo
ng
ter
m
rec
eiv
abl
es
Ru
pia
h
PT
Fo
rei
gn
cu
rre
nc
y
PT
Kr
ea
sij
ay
a
Ad
hik
ar
ya
P
e
r
c
e
n
t
a
g
e
o
f
t
o
t
a
l
a
s
s
e
t
s
receivable in foreign currency
jaya Adhikarya bear annual interest rate of 2.5% above LIBOR. There are no collateral and no fixed repa
Liabilit
ies
Advanc
es from F
custom o
ers r
Rupiah e
PT i
Kreasij g
aya n
Adhika
rya c
u
r
r
e
n
c
y
A
s
t
r
a
-
K
L
K
P
t
e
.
L
t
d
.
T
r
a
d
e
p
a
y
a
b
l
e
s
R
u
p
i
a
h
P
T
U
n
PT
Astra
Inter
natio
nal
Tbk
P
T
B
i
n
a
P
e
r
t
i
w
i
P
T
PT T
Seras r
i P
a
Auto T
k
raya t
PT S I
o
Unite e n
r
d r d
Tract a o
N
ors s n
u
Pand i e
s
u s
a
Engi S i
n
neeri h a
t
ng i
a
p
r
p
a
i
5,454 P
193 T
A
s
t
r
a
O
t
o
p
a
r
t
s
T
b
k
P
T
S
w O
a t
d h
a e
y r
a s
H
a
r
a
p
a
n
N
u
s
a
n
t
a
NOTES TO THE CONSOLIDATED FINA
(E
s
opinion of management is adequate to cover possible losses arising from such risks.
I
n
v
e
n
t
o
r
i
e
s
I
m
p
o
r
t
d
u
t
i
e
s
I
n
s
u
r
a
n
c
e
T
r
a
S n
u s
r p
v o
e r
y t
a
a t
n i
d o
n
r
e
s
e
a
r
c
h
T
r
a
i
n
i
n
g
L
i
c
e
n
s
e
s
F
i
n O
a t
l h
e
t r
a s
x
V
a
l
u
e
A
d
d
e
d
T
a
x
E
x
p
o
r
t
T
a
x
d in Singapore.
n atas
ersih/ Saldo akhir/
e of Ending
ults balance
1,216 65,502
(13,744) 206,185
(12,528) 271,687
35,073 64,286
(30,071) 44,929
109,215
45,874 (1,774,521)
- (689)
74 (1,775,210)
4,645,579
Akumulasi penyusutan
Kelapa sawit
Karet
K
a
l
i
mS
a u
n l
t a
a w
n e
s
i
S
u
m
a
t
e
r
a
J
a
v
a
ature plantations area already
censes.
Pengurangan/ Saldo
Disposals akhir/
(545,398) Ending 1,9
bal
06,
ance 17
- 1
2016
23,153 0
(545,398) 2,029,323
Rubber
2
(89,339) 0 Oil
- 1
pal
5
7,775 m
2
,
5
Rubber
8
0
,
1
(89,339) 2,587,876
f immature plantations in 2016 included business combination amounting to Rp 121,611 million (see Note 3
n with the provision of area development project, designation of nucleus plantation to plasma pla
as that are scattered in different regions, which is compared to the possibility of risk of fire, plight and other
gurangan/ Endi
sposals bala
(101)
D
i
r
e
c
t
l
y
o
w
n
e
d
A
c
q
u
i
s
i
t
i
o
n
(39,840) 460,760 c
o
s
t
s
(45,635) 2,144,105 R
o
a
d
s
Bu
ild
ing
(28,320) 3,882,233 s, m
ins a
tal c
(329) 4,578,827 M
Office lat h
ac
(30,963) 1,613,888 and ion i V
hin
- 76,081 housing s n e
(145,087) 12,755,894 ery
equipm an e h
Cons
an
(18,700) 351,345 enttructi d
Ro r
- 527,855 d
ad m i
onM in
eq y c
s a
Accu
prog
uip
ac
an c l
mula
ress
me
hin h e
tedd
nt
ery s
bri i
3,225 (618,774) depr
Ro
an n
1,849 (1,018,367)
193 (1,539,134) O dg eciati
ad
d
M
m
e
es a V
17,144 (1,086,621) f onseq ac r
fOffice Bu
an c e
- (62,843) uip
hin yh
22,411 (4,325,739) ild h
10,027,968 iand d me
ery Ni
ing i
struction in progress were mainly in relation with the designation of chousing bri
nt
nucleus
an
s, plantation
e n to
mbination in
eequipm dg
d
ins t e c
ent eq es l
tal r e
a Bu
NOTES TO THE CONSOLIDATED A uip lat b y STA
FINANCIAL
n ild
c me o
ion (Expressed ins m
d
D ing nt o
- 424,248 cL iu s,
s
- 1,849,478 R a an k
rh
B
m
ins
d
(3,029) 3,385,742 o n
o
eu tal v m
(1,933) 4,020,442 M a
d
u lat
(8,929)
(485) 1,453,125
66,723 V cil
a
d a a
(14,376) 11,199,758 setla csC
ion l c
ih
lt s uh
- 433,876 d h
o
n Ro
an
- 465,240 ieia
y
ad e im
- 828,600 n g
cn d
M n
- 1,727,716 d sa s a
e
lo
g
ed c
tew
ced an r
s d
r h
- (498,420) h rq
sey,b Ro
n y
u bri i
1,745 (835,896) ie ad m
p
r
c dg n
1,933 (1,260,464) M id s
n a
ira es e
8,929 (911,610) V t
p
a
eA an c
n
ed Bu r
im
ecrs d h
cd
g y
eyq ild
o O
h bri i
iten ing
fiu
a dg n
esfcn
tia es s, e
l
tq ins
ilen
sil Bu r
u
n tal
icera
d
o
ild y
iesy lat ing
t
N
a
e
st
s
eb
to
so
k
v
w
a
a
l
su
e
a
l
l
o
c
a
t
e
d
a
s
C
o
s
t
s
o
f
p
r
o
d
u
c
t
i
o
n
G
e
n
e
r
a
l
a
n
d
a
d
m
i
n
i
s
t
r
a
t
87,471 e
x
p
e
n
s
e
s
I
m
m
a
t
u
r
e
p
l
a
n
t
a
t
i
o
n
s
4 billion (2015: Rp 12,136 billion), which in the opinion of management is adequate to cover possible l
NOTES TO THE CONSOLIDATED FINA
(E
and is expected to be completed in 2017 (2015: approximately 76% and is expected to be completed
ce with carrying amount of the fixed assets is on land and buildings, whereas on the other fixed assets they a
ll as developing its own plantations.
is self-funded by the subsidiaries.
are mature and meet certain criteria required by the government, the plasma plantations will be h
C
o
7 Commitment fee of bank facility Lain-lain 4,374 2
m
p
a
n
y C
Du
e r
f r
e e
r n
S r t
u e C
b D d u
s e r
f r
Ci e e
o d r
n
C
ni r t
s a e u
o r d r
l i r
i e e
d s n
a t
t
e
d D
e
f
e
r
r
e
d
:
p eN
r fo
o o n
f r
i ed
1,175,513 t e i
b d n
(1,467,038) t c
Elimie u a
natiof c x s o
n of o t P u m
1,569,713 r r o b e
(Nege i o
trans o f
22,866 s
ative b f
actio f
(1,522,908) i t
)/posi Il i
ns
t a
8,592
with
itive
Provin c t
n
e s h d x
112 corre
sion c o u e Di
ction
for o Im
e b e a
(10,614) s: x b s Cf r
emplm n ep e
oyee D i o e i
e ce f
benefi a d mr e
o
f n
o
c i p r s
(6,733) of its
fixedf m sc r
o a a e
assets e E eto e r n
and r ssu o d
iI fy
plantatie tsn i en c
15,257 ons o i n
n u t c sc t h
fc m b
F
i o
te a j o h a
of h in te m me r
fise n
rev g
ec e e g
cal a
alu b d
t Ce
plaC ld
ati e It o
550,756 o t s
on
ntao tFt e n
a m
ftip a cx p
tiow
of m ia
o x
the
ns e n
r o a
fisrp n xs
asseea cea
Co m
e n
cal fto
u
etsn ex y
mp
pla vn clb ia
b
ana
nta m
i p T
yt ln xs te o
y l ea
tio eiia ea t
ns u a t n
-x n lti
d xx a
assa c ciia sp
etstu o n
o
txn
a ee l
a e
rin m cra n
x i
ro
d
eo
ixe sp n
n
e m ex ee c
n etsp n o
o
t a -s m
e
f x-
e e
s n c
u sec u t
e
b xu r a
S
u
nciliation between income tax expense b
he profit before income tax of the Company multiplied by the applicable
s tax rate is as follows:
C
o i
m d
ubject to final tax Beban yang tidak dapat p i
a a
Recognition of deferred n r
y i
I e
n s
c
o
m A
12 e rA
tr S
A
it u
t r A
ci b
a t rl
x i c s
te
e c l i
i
s l e d
c2
: e i
l1
s 2 a
e
2 r
2 i
2
3 e
6
s
a I
n n
d c A
o r
4 mt
( e i
V
a
l A
A
u r
re tA
t ir
iA ct
96 cd il
A
ld rce
A
ee rtl
sd t2
ie
L ic2
a 2
T cl2
n 3
a le5
d x e
a
, 2
a n 2
6
n d
n 9
d e
4
t
B (
u 2
i )
follows l
: d I
i n
of n c
the
Prep g o
Co
ayme mo
ntsmp
of Te f
an
inco a A
mey - x t t r
cu
taxes a h
C t
overparre x e
o i
ymentnt I r c
of the sn p e C l
Compa c o
u x o e
ny o rp m
b
sm ea p 2
ie n t a 3
d es n
ti e y
a i :
rx n
i c
e o
sx m
p e
e
Prep
ayme
o
nts of
f
inco
me s
taxes
u
b A
s r
i t
d i
i A
c
a rl
r te
A
i ri T
e tc2 o
s il2 t
C ec a
p o :
l l
a r e2
y p 3
a o 2
b r 5
l aCONSOLIDATED FINANCIAL STA
NOTES TO THE
e t (Expressed in m
e
o
f i
fiscal year. However, the estimated taxable income presented above n will be reported in the 2016 SPT
r). s c
of self - assessment. The Directorate General of Taxation (DGT) u o may assess or amend taxes withi
b m
s e
i
d t
i a
a x
- r 13,071
- i 5,474
e
s
(2,329) 33,574
- 101,623
- 29,991
- -
(14,908) 12
0,8
26 a
n
d
a
c
obl c
iga o
tio P u
ns r n
o t
v i
i n
s g
i
o n
n e
t
f
o b
r o
o
i k
m
p
a
i
r
m
- 696,140
NOTES TO THE CONSOLIDATED FINANCIAL STA
(Expressed in m
- 2
(4,592) 10,,
517 D
4 8 i
- (70,273)
2 f
(4,592) (56,977) f
(4,592) (56,977) e
r
Perusahaan e
p n
obl
l
iga 13,874c
Kewajiban imbalan kerja a 2,148 (949)
tio e
Selisih nilai buku aset ns n
t b
tetap dan tanaman a
fiskal dan akuntansi c. Deferred e tax assets/(liabilities), net
t (5,255)
t (continued)
(1,683) -
Beban ditangguhkan 4,590
i 28 -
w
o e
n e
komprehensif lain/ s n
Credited/(charged)
d t
e 2015 e a
v
- - x
e
l a
- 5,384
o n
p d
- m
3,565
e a
n c
t c
o
u
n
2,173 35,335
Selisih nilai buku aset
tetap dan tanaman
fiskal dan akuntansi
on due to revaluation of plantations assets for taxation purposes by the Company and several subsid
rwards of Rp 393,694 million (2015: Rp 388,943
ent to utilise the unused tax loss carryforwards.
based
ets are not
C
o
S
u m
for tax refunds represent b p
a
yments of current and previous years corporate income tax and other taxes which s
i nhave not been audited or be
ich objections
PKB) or appeals
of Corporate incomehave
tax been submitted.
for 2014 fiscal year amounting to Rp 54,945 y million. The Compa
d
iscalfiscal
year years,
amounting to Rp 4,914 iwhich had been paid by the Co
and determining totalmillion and Rp 3,176 million,
tax underpayments respectively,
and a shortfall of overpayments determined by the
l statements. a
r
i
e
bjections or appeals; however management has not received any decisionsfrom the DGT or from the Tax
BANK LOANS
2015
S
h
500,000 P
200,000 P
T o
700,000 T r
L
t
B U
1,027,773 B o
-L
a n
1,873,770 a M n
ti
n i
n
O i g
em
k t
vk -r
2,392,721 Ce z i
tm
eC o T u t
d e
rM
e M r h h e
822,463 sin p e o rd
O
95,017 zet i
P m
T o
t v
u
a
r rs e B B
h
-a a a a
B
o
C u r P
l tb s n n T
a
h i
n e k
k
iIA o ,
kn s a B
s h n s o a
d
ei f L
C
o i n
sa L tk
en B
204,540 M
i a Td
eT U io .
n
mn
sb F tk S
tB
i k
ik J sy u
ra
t m
343,238 n ,
a u
o D
lk e i- i B
d t
iS L S
A t o
u d I m
n
sg n B
m.
273,302 i
i d o C
a
a o o
n
t
o n rk
T e p
m
b s o
L
o
k i rt
M a a
d
i t.
t i
s o
u n
i
B
a
n
7,032,824
L
e
s
s
c
u
r
r
e
n
1,324,860 t
5,707,964 N
m
o
a
n
t
-u
cr
u
i
Overseas Bank Limited. rt
ri
e
on. The annual interest rate for this commitment is 1.60% n sabove
t
m
a
t
u
r
i NOTES TO THE CONSOLIDATED FINA
t (E
i
e
s
d 1.5:1.
o the variable interest rate loan obtained from United Overseas Bank Limited.
d commitments as follows:
this commitment is 1.70% above LIBOR.
within 12 months from the signing date. The annual interest rate for this
fluctuation with respect to the variable interest rate loan obtained from Mizuho Bank, Ltd., Singapore.
rket interest rate fluctuation with respect to the interest variable rate loan obtained from The Ban
hs or 6 months after drawn down with the annual interest rate is 1.75% above JIBOR.
10.46%).
equivalent in US Dollars.
20 April 1992. A defined benefit pension plan is a pension plan that defines the amount of pension benefit th
April 1992.
P
e
n
s
i
o
n
b
e
n
e
f
i
t
s
ncial position are as follows:
a
n
d
o
t
h
e
r
p O
o t
s h E
t e n
- r d
e i
m l n
p o g
l n
o g b
y - a
m t l
e e a
n r n
t m c
C
u
r
r
e
n
t
N
o p
n o
- r
c t
oyment u i
r o
r n
e
n
t
p
o
r
t
i
o
n
P
r
e
s
e F
n a
t i
v r
a
l v
u a
e l
u
o e
f
o o
b f
l
i p
g l
B
e
g
i
n
n
Ci
u n
r g
r
e Ib
n na
t tl
R ea
e s rn
143 m e ec
e C r se
a h v t
s a i
u n c c
r g e o
e e s
m c t
E
e
xn i o
p n s E
t t x
e:
f p
Cr
i e
h iR
n c
a ee
Contn n a t
t n e
ributig c
u c d
ons e e
r i
and
n a r
benefi a
l e
E
n
d
C
i
u
rn
N rg
o e
n b
n
- ta
c l
u a
p
r n
o
r rc
e te
n i
t o
n
B p
e o
Cg r
u i t
r n i
r n o
e i nI
n n n
t g t
e
s b r
A e a e
c r l s
C t v a t
o u i n
n a c c c
t r e e o
r i s
i a c t
b l o E
u s n
t ( t d
i g i
o a n
n i g
s n
s b
a ) a
n / l
d l a
assets are as follows:
B
e
258 Expe g
cted i
retur n
n on n
plan i
asset A n
s c g
Co t E
ntr u b n
ibu a a d
tio r l i
ns i a n
an a n g
d l c
be e b
nef g a
it a l
pai i a
he defined benefit pension plan was Rp 336 dmillion
n n
s c
/ e
(
l
o
s
s
e
s
)
43.07% E
q
u
i
t
53.03% y D
e
i b
n t
s
t i
r n
u s
mt
e r
n u
t m
e
n
t
3.90% O
t
h
e
r
s
100.00%
defined benefit pension obligation at 31 December 2016 and 2015 are 16 years.
L
e
s
s
t
h
a
n
y
e
a
r
B
e
t
w
e
B
e
en
t
w B
o e
en
ee y
n o
n
a d
tn
w
d
o f
fit pension i
t v
l actuarial assumptions are as follows: a
w e
n
o
d
y
y e
fe
ia a
vr r
es s
y
e
a 80,564
r
s
(68,280)
38,568
(67,839)
olding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the as
fined benefit pension obligation calculated with the projected unit credit method at the end of the rep
Amount
766,841
195,503
962,344
627,416
159,957
787,373
h par value of Rp 500 (full amount). Authorised capital is 4,000,000,000 shares in which issued a
Offering I to Company’s shareholders with respect to the issuance of Pre-emptive Rights of 349,9
roceeds is use for bank loan repayment
S
h
- L a
i r
m e
i s
t
p
132,090 I
AccuS n
mulah i
(125,800) Capit
ted a t
49,764 alisat
compr i
ion e a
33,712 of ensat
to l
ion
employ u
share
ee cost i n
capits d p
stock
material to the Group’s consolidated financial al statements.
u
optionss e b
149,584 Differeu r l P
84,881 nce in a P
i T
60,754 value n c T c P
31,071 of PT o c KT
e m
PTSu
22,418 restruct S
o i
ry m
uring
21,827 PTGunu
c f mS
a
14,696 transac
Gunun
PT ng ain o rf i a
da o n a r
12,727 tions
g Sejah
Gunun iP
e
h s
among
Sejahte
g tera
t r i
T
ra Dua Nu c P
7,684 entities
Puti
Sejahte LT
sa s o iT en i A
Pesona
7,686 ra Yoli
Inda
PT K
,
nta n a
Makmu
hPers
PT n g r d
m
r adab ra t L
rb t i
Pe
pa e r ea
inarke y a t
gi t o sh a y NOTES TO THE CONSOLIDATED FINA
buE l
Nusa t Ua
nam
ntara (E
a
S
T t
n p D r L
abad
i Lel i u a
a
in
b mo
mbo f
ahy f u a k
a
T
r a
h
nds from the 2016 profit of Rp 190,544 million Bhe eor Rp a 99 (full amount) per share to the shareholde
akte r n
i S
e iu
s n
b
t c T
u
o e e
r
c l
k i
or Rp 716 (full amount) per share to the shareholders registered a as at 24 April 2015. These dividends include
Commissioners on 17 September 2014. n d
o a
p e n
t q
i u
o i
n t
s y
. Below is the additional information regarding the operation of the Group based on geographical area:
2016
6,947 5,721,038
3,707 16,151,494
4 6,586,208
9,158 28,458,740
,580
4,054) 2,058,684 (4,456,520)
(6,291,302)
T
h
Crude i
palmPa O r
lm
oil and t d
ding 10% its ker h
nel
derivati e p
ves an r a
10.83% d P
47.92% its T Os r
58.75% t t
41.25% de R
100.00% riv h i
I e
ati e e
n l
ves r s
t a
D i s t
Salariee b e
Factory
s and p (
repair Oe d
employr T tn e
and
ee o F a
mainte e i B hu p
benefitsc t E
ea c a
nance n e h
i a g n
r r
l i d
a s i sP t
ie < i
t h n
i p n nr e
r e gk 1
o i s
o d a 0
n n (
%
elated party supplier exceeding 10% of net revenue.
D
e
t
a D
C eT
i o
S p
a
l T
m
a P rx
s rm
f O e
a
u
e B rf ce
b R in u o
e t f ix E
y n
iy s fi a O
s it i ec p x t
e te p
n n
ya n se in e h
a a g e s e
r n o
s d
t d
d s io n r
u c a
e s o e i s
h vn t
r n
ve e i
e d
en t a r o
: a lv r lh
S n ro a e I n
i n
a d ep
r vCom f
a
l cm mitm
e ed t
o e
a d ren lente
r e u
n lof s r
m e
i v ite ibank
e e tn nfacili s
s l m gty t
o t
e
a p o n
n m f t
d e
opment project and its infrastructure. This provision was
n made based on ba market value-comparison ap
Pendapatan barang bekas 3,779 t - a Scrap sales income Penda
e
m n
p k
NOTES TO THE CONSOLIDATED FINA
(E
es held constant, the profit after tax of the Group would decrease/increase by Rp 175,635 million (2015:
T
h
i R
r e
d l
a
p t
to PT a e
Agro r d
Maju t
Raya y p
P is aamounted to US$ 7,95
is inreceivables
ry in 2010. The remaining principal amount of the bond
r until 2020. The bond rec
3.24% per annum and shall be repaid under installments basis annually
T
t
A y
g (
r s
o e
e
illion).
wsuit for approximately Rp 709 billion from the Riau Enviromental Impact Supervisory Board (
over to a local cooperative and the fire was created by the local community not EDI. Up to the date of t
etter from Pasir Pengaraian District Court No. NOTES TO THE CONSOLIDATED
w4.U10/15/AT.01.10/II/2016 FINA
dated 3
(E
risks.
ed party, and financial planning policies such as managing cash receipts in foreign currency based on o
availability of funding from existing credit facilities and the ability to face the
parties domestic sales and related party export sales transaction, while the third parties export sale
ining Rp 1,070 billion (2015: Rp 1,173 billion) had been hedged into fixed interest rate.
of credit facilities in Rupiah or foreign currency, hedge the loan interest rate
se/increase by Rp 2,297 million (2015: decrease/increase by Rp 5,556
the efficiency of capital usage based on operating cash flow and capital expenditures and also
7,732,824 T
o
t
(294,441) C
Ca a
21,512,371 o s l T
n h o
s b t
(9,813,584) T
o o a
(55,951) a o G
l r l
Co n t o
i r
ns d a o
d o a
oli l d
ws
data c
t i s w
ed a l i
e n e
ca s i l
d g t
pit h Ga s l
al
n e b
em e a i
e q
plo
t r l
u
ye i i
d b i n t
o v
r g i
ned based on estimates, whereas the depreciation expenses a will be revised
e if the useful lives are different fr
r l
o e r s
used, such as: return rate of plan assets, discount ratew and a
n
i t t
n s i
g o
(
%
)
assessment of the tax provision could differ from the carrying amount. Whilst the recognition of deferred
significant risks which expose a material adjustment to the carrying amounts of assets and liabilities withi
HE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2016
(Expressed in millions of Rupiah, unless otherwise
PT Astra Agro Niaga based on Deed of amendment No. 9 dated stated)4 August
stianto, S.H., dated 30 June 1997. This merger was accounted for using the pooling of
Company's
mount). Theshares
change toof the
public, were effected
Company's name and by the
Notarial Deed
increase in No. 65 of Benny
authorised share
e State Gazette of the Republic of Indonesia No. 95 dated 27 November 1997,
arial Deed No. 30 of Aryanti Artisari S.H.,M.Kn., dated 20 July 2016 and was approved
e exercise price of Rp 11,425 (full amount) per share, was deemed effective.
T
o
(sebelu
t
m
a
dielimi
l
nasi)/T
a
o
s
t
e
a
t
l
a
s
(befores
elimine
ations)t
s
85.00 824,607 715,449
99.99
99.99 321,957
750,965
299,141
668,939
95.00 351,547 307,629
1,832,003 1,581,588
682,862 571,428
606,262 614,978
454,947 422,779
1,106,312 1,002,952
508,333 459,121
57,429
58,274
460,754 452,899
1,730,582 1,648,700
574,276 521,417
34,083 32,309
150,274 211,555
2,183,117 1,748,825
28,642
29,339
223,500 -
10,315 10,195
1,647,448 1,360,006
266,374 -
when the Company is exposed or has rights to variable returns from its involvement
f contigent consideration at the acquisition date.
nsive income. Non- controlling interests in the net assets of subsidiaries is
s after planting and generating average annual fresh fruit bunch (FFB) of four to
t of the land acquisition costs. Depreciation is computed using the straight-line
E CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2016
(Expressed in millions of Rupiah, unless otherwise
stated)
item can be measured reliably. The carrying amount of the replaced part is
d in the consolidated statement of profit or loss and other
its intended use, and the depreciation is charged from such date
E CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2016
(Expressed in millions of Rupiah, unless otherwise
stated)
cognised for the amount by which the carrying amount of the asset exceeds its
###
Ast
ra-
KL
K
Pt
e.
Lt
d.
P
T
K
r
e
a
s
i
j
a
y
a
A
d
h
i
k
a
r
y ###
a
Ast
ra-
KL
K
Pt
e.
Lt
d.
P
T
K
r
e
a
s
i
j
a
A
yd
a
h
i
k
a
r
y
a
A
c
c
u
m
u
l
a
t
d e
e d
p
r
e
)
c
i
a
t
i
o
n
O
i
l
p
a
R
u
b
b
e
r
Ne
t
bo
ok
val
ue
isk of fire, plight and other risks, all the plantations are not insured.
Saldo akhir/
Ending
balance
2
0
1
45,283 6
L
i
v
e
s
t
NOTES TO THE CONSOLIDATED
o FINANCIAL STATEMENTS
c (Expressed in millions of R
k
s
nucleus plantation to plasma
he other fixed assets they are not significantly different. The fair value of land and
sma plantations will be handed over to the plasma farmers (“hand over of
ax rate is as follows:
sess or amend taxes within five years of the time the tax becomes
13,071 a
5,474 D
n
ed
f
33,574
ea
rc
S
rc
u
eo
b
d
u
s
n
i
ct
d
C
u
101,623 m c
u a
L
l r
o
a r
29,991 st plant y
si ation f
v s o
e devel
o r
n opme w
t nt a
p
a r
lx d
a s
sl
m
o
a
s
s
v
a
l
u
e
o
f
f
i
x
e
d
a
696,140 s a
s n
e d
t
s p
l
a
n
t
a
t
i
o
n
s
U
n
r
e
a
l
i
s
e
d
p
r
o
f
T
o
t
a
l
d
e
f a
e s
r s
r e Employee benefits
e t
d s
,
t
a n
x e Difference between tax
t
2
years
3
years
4
years
5
years
ave not been audited or being examined by the DGT and payments of tax assessments received by the Com
945 million. The Company had submitted an objection for the SKPKB and has not received any decisio
hments
had been paid bybythetheCompany
determined for the
DGT with appeal and objection
reported purposes.ofThe
amounts totalling appeal million.
Rp 247,358 and objection have n
OR.
PT Astra In
PT Astra In
shares in which issued and fully paid capital are 1,924,688,333 shares
-emptive Rights of 349,943,333 shares with par value of Rp 500 (full amount) per share, whereby each ho
E CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2016
(Expressed in millions of Rupiah, unless otherwise
stated)
d on geographical area:
2015
4,891,367 Su
ma
ter
13,671,345 Kali
a
mant
an
5,305,324 Sul
aw
23,868,036 esi
Head
office
Elimi
2,100,855 and
natio
other
ns
kelapa sawit
arket value-comparison approach using the assumption of market value per hectare. 29,087
Scrap sales income Pendapatan sewa 967 3,067
restitusi pajak 346
Penjualan bibit 61
Lain-lain 53,444
E CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2016
(Expressed in millions of Rupiah, unless otherwise
stated)
mounted to US$ 7,959,008 (2015: US$ 7,959,008), with current portion of US$ 1,508,301 (2015: U
until 2020. The bond receivables are secured by pledge of shares of the disposed
t Supervisory Board (Bapedal Riau) for pollution caused by fire during land clearing. Manageme
EDI. Up to the date of these consolidated financial statements, the lawsuit addressed to EDI by Baped
E.01.10/II/2016
CONSOLIDATED FINANCIAL
dated 3 FebruarySTATEMENTS
2016 stated that31there
DECEMBER 2016
is no civil or criminal case involving EDI.
(Expressed in millions of Rupiah, unless otherwise
stated)
terest rate.
al expenditures and also consideration of capital needs in the future.
useful lives are different from those previously estimated or in case the assets are written off or are impa
recognition of deferred tax assets depends on the expectation and estimates of availability of fut
peal and objection have not received any decision from the
,358 million.
Public
ares