PT COTTONINDO ARIESTA Tbk

DAN ENTITAS ANAK/AND SUBSIDIARY

LAPORAN KEUANGAN KONSOLIDASIAN PER 31 DESEMBER 2019

DAN UNTUK TAHUN YANG BERAKHIR PADA TANGGAL TERSEBUT
BESERTA LAPORAN AUDITOR INDEPENDEN
CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2019
AND FOR THE YEAR THEN ENDED
WITH INDEPENDENT AUDITOR’S REPORT
KANTOR AKUNTAN PUBLIK
JOHAN MALONDA MUSTIKA & REKAN G b.k"rritty
Certif ied Public Accountants NETWORK MEMBER
License No. : 951/KM.712070
ll P uit Raya 200 Blok V No 1-5 Jakarta - 14440 Indonesia wwwbakertilly.global
Tel | (62 2l) 661 7755 Fax | 162-27) 663-0455
E-mail : jmjkt@johanma onda com www johanma onda com
With Offices ln Surabaya/ Medan and Bali

LAPORAN AUDITOR INDEPENDEN IN D EPEN DENT AU DITOR'S REPO RT

La po ra n N o. 002 1 6/2. 0 826 I AU .1 I 04 I 07 27 -3 I 1 N t2020 Re po ft N o. 0 0 2 1 6 /2. 0 82 6/AU. 1 /04/07 27 -3/1 N/2020

Pemegang Saham, Komisaris dan Direksi The Stockholders, Commissioners and Directors
PT COTTONINDO ARIESTA TbK PT COTTONINDO ARIESTA TbK

Kami telah mengaudit Laporan Keuangan We have audited the accompanying Consolidated
Konsolidasian PT Coftonindo Ariesta Tbk Financial Statements of PT Cottonindo Ariesb
(Perseroan) dan Entitas Anak terlampir, yang Tbk and Subsidiary, which compise the
terdiri dari Laporan Posisi Keuangan Konsolidasian Consolidated Statement of Financial Position as of
tanggal (
31 Desember2019, December 31,2019, and the Consolidated
serta Laporan Laba Rugi dan Penghasilan Stafemenfs of Profit or Loss and Other
Komprehensif Lain Konsolidasian, Laporan Comprehensive lncome, Changes in Equity and
Perubahan Ekuitas Konsolidasian dan Laporan Arus Cash Flows for the year then ended, and a
Kas Konsolidasian untuk tahun yang berakhir pada summary of significant accounting policies and other
tanggal tersebut, dan suatu ikhtisar kebijakan explanatory information.
akuntansi signifikan dan informasi penjeiasan
lainnya.

Tanggung Jawab Manajemen atas Laporan Management's Responsibility for the

Keuangan Konsolidasian Consolidated Financial Statemenfs

Manajemen bertanggung jawab atas penyusunan Management is responsib/e for the preparation and
dan penyajian wajar Laporan Keuangan fair presentation of these Consolidated Financial
Konsolidasian tersebut sesuai dengan Standar Sfafemenfs in accordance with lndonesian Financial
Akuntansi Keuangan di lndonesia, dan atas Accounting Standards, and for such intemal control
pengendalian internal yang dianggap perlu oleh as management determines is necessary,to enable
manajemen untuk memungkinkan penyusunan the preparation of Consolidated Financial
Laporan Keuangan Konsolidasian yang bebas dari Stafements that are free from mateial
kesalahan penyajian material, baik yang disebabkan misstatements, whether due to fraud or effor.
oleh kecurangan maupun kesalahan.

Tanggung Jawab Auditor Au ditor's Responsibility

Tanggung jawab kami adalah untuk menyatakan Our responsibility is fo express an opinion on these
suatu opini atas Laporan Keuangan Konsolidasian Consolidated Financial Sfatemenfs based on our
tersebut berdasarkan audit kami. Kami audit. We conducted our audit in accordance with
melaksanakan audit kami berdasarkan Standar Audit Standards on Auditing established by the
yang ditetapkan oleh lnstitut Akuntan Publik lndonesian lnstitute of Certified Public Accountants.
lndonesia. Standar tersebut mengharuskan kami Those standards require that we comply with ethical
untuk mematuhi ketentuan etika serta requirements and plan and pefform the audit to
merencanakan dan melaksanakan audit untuk obtain reasonable assurance about whether the
memperoleh keyakinan memadai tentang apakah Consolidated Financial Sfatemenfs are free from
Laporan Keuangan Kcinsolidasian bebas dari mateial misstatement.
kesalahan penyajian material.
JOHAN MALONDA MUSTIKA & REKAN
PT COTTONINDO ARIESTA TbK PT COTTONINDO ARIESTA TbK
DAN ENTITAS ANAK AND SUBSIDIARY
LAPORAN AUDITOR INDEPENDEN I N DEPEN DENT AU DITO R'S REPORT

Suatu audit melibatkan pelaksanaan prosedur An audit involves peiorming procedures to obtain
untuk memperoleh bukti audit tentang angka-angka audit evidence about the amounts and disclosures
dan pengungkapan dalam Laporan Keuangan in the Consolidated Financial Sfafemenfs. The
Konsolidasian. Prosedur yang dipilih bergantung procedures selected depend on the auditor's
pada pertimbangan auditor, termasuk penilaian judgment, including the assessment of the nsks of
atas risiko kesalahan penyajian material dalam mateial misstatement of the Consolidated Financial
Laporan Keuangan Konsolidasian, baik yang Stafemenfs, whether due to fraud or error. ln
disebabkan oleh kecurangan maupun kesalahan. making fhose isk assessmenfs, fhe auditor
Dalam melakukan penilaian risiko tersebut, auditor considers intemal control relevant to the entity's
mempertimbangkan pengendalian internal yang preparation and fair presentation of the
relevan dengan penyusunan dan penyajian wajar Consolidated Financial Sfafemenfs order toin
Laporan Keuangan Konsolidasian entitas untuk design audit procedures that are appropriate in the
merancang'prosedur audit yang tepat sesuai circumstances, but not for the purpose of
dengan kondisinya, tetapi bukan untuk tujuan expressing an opinion on the effectiveness of the
menyatakan opini atas keefektivitasan entity's intemal control. An audit also includes
pengendalian internal entitas. Suatu audit juga evaluating the appropiateness of accounting
mencakup pengevaluasian atas ketepatan policies used and the reasonableness of accounting
kebijakan akuntansi yang digunakan dan estimates made by management, as well as
kewajaran estimasi akuntansi yang dibuat oleh evaluating the overall presentation of the
manajemen, serta pengevaluasian atas penyajian Co n sol id ate d F i n anci al Sfafements.
Laporan Keuangan Konsolidasian secara
keseluruhan.

Kami yakin bahwa bukti audit yang telah kami We believe that the audit evidence we have
peroleh adalah cukup dan tepat untuk obtained is sufficient and appropiate to provide a
menyediakan suatu basis bagi opini audit kami. basis for our audit opinion.

Opini Opinion

Menurut opini kami, Laporan Keuangan
Konsolidasian terlampir menyajikan secara wajar,
dalam semua hal yang material, posisi keuangan
konsolidasian PT Cottonindo Ariesta Tbk dan
Entitas Anak tanggal 31 Desember 2019, serta
kinerja keuangan dan arus kas konsolidasiannya
untuk tahun yang berakhir pada tanggal tersebut,
sesuai dengan Standar Akuntansi Keuangan di
lndonesia.
ln our opinion, the accompanying Consolidated
Financial Sfafemenfs present faidy, in all mateial
respecfs, the consolidated financial position of
PT Cottonindo Ariesta Tbk and Subsidiary as of
December 31, 2019, and its consolidated financial
peiormance and cash flows for the year then
ended, in accordance with lndonesian Financial
Accounting Sfandards.
JOHAN MALONDA MUSTIKA & REKAN
PT COTTONINDO ARIESTA TbK PT COTTONINDO ARIESTA TbK
DAN ENTITAS ANAK AND SUBS'D'ARY
LAPORAN AUDITOR INDEPENDEN IN DEPEN DENT AU DITOR'S REPORT

Penekanan Suatu Hal Emphasis of Matter

Pada awal tahun 2020, ekonomi dunia serta
lndonesia menghadapi ketidakpastian akibat dad
wabah Covid-19. Oleh karena itu kami menaruh
perhatian pada Catatan 28 atas Laporan Keuangan
Konsolidasian yang mengindikasikan operasi
Perseroan dan Entitas Anak dapat terdampak
secara signifikan oleh wabah Covid-19. Opini kami
tidak dimodifikasi sehubungan dengan hal ini.
ln eady 2020, the global and lndonesia's economy
faces an unceftainty as a result of the Covid-19
outbreak. We draw attention to Note 28 to the
Consolidated Financial Statements, which indicates
that the Company and Subsidiary's operations may
significantly be impacted by the Covid-19 outbreak.
Our opinion is not modified in respect of this mafter.

JOHAN MALONDA MUSTIKA & REKAN

NIU-KAP/Licence No. 951 lKM.1 12010

,\_-
\/
H. Fuad Hasan, CPA, CA
NRAP/Public Accou ntant Registration AP.07 27

19 Mei 20201 May 19,2020

 PT COTTONINDO ARIESTA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENT OF FINANCIAL
POSITION
PER 31 DESEMBER 2019 AS OF DECEMBER 31, 2019
(Dinyatakan dalam Rupiah, kecuali Dinyatakan Lain) (Expressed in Rupiah, except Otherwise Stated)

ASET ASSETS

Catatan/
Notes 2019 2018

ASET LANCAR CURRENT ASSETS

Kas dan Bank 2&4 1.680.113.203 5.334.127.442 Cash on Hand and in Banks
Piutang Usaha: 2,6&9 Trade Receivables:
- Pihak Ketiga 16.512.043.589 12.598.689.288 - Third Parties
- Pihak Berelasi 5 6.445.265.411 5.601.915.882 - Related Party
Piutang Lain-lain 2 757.252.681 749.852.681 Other Receivables
Persediaan 2,7&9 41.486.577.795 27.135.307.471 Inventories
Uang Muka dan Biaya Dibayar
di Muka 2 626.787.580 404.460.999 Advances and Prepaid Expenses
Pajak Dibayar di Muka 2 & 11 - 174.669.485 Prepaid Tax
Total Aset Lancar 67.508.040.259 51.999.023.248 Total Current Assets

ASET TIDAK LANCAR NON-CURRENT ASSETS

Advances for Purchases of Fixed
Uang Muka Pembelian Aset Tetap 162.548.000 1.815.600.000 Assets
Aset Tetap - Setelah Dikurangi Fixed Assets - Net of Accumulated
Akumulasi Penyusutan sebesar Depreciation amounting to
Rp 6.699.932.580 Rp 6,699,932,580
(2018: Rp 6.420.565.362) 2,8&9 185.782.769.363 172.670.033.281 (2018: Rp 6,420,565,362)
Aset Pajak Tangguhan 2 & 11 1.772.049.072 1.989.708.754 Deferred Tax Assets
Aset Lain-lain: 2 Other Assets:
- Uang Jaminan 105.000.000 2.250.000.000 - Guarantee Deposits
Total Aset Tidak Lancar 187.822.366.435 178.725.342.035 Total Non-Current Assets

TOTAL ASET 255.330.406.694 230.724.365.283 TOTAL ASSETS

Catatan atas Laporan Keuangan Konsolidasian merupakan The accompanying Notes to the Consolidated Financial
bagian yang tidak terpisahkan dari Laporan Keuangan Statements form an integral part of these Consolidated
Konsolidasian secara keseluruhan Financial Statements

1
 PT COTTONINDO ARIESTA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENT OF FINANCIAL
(Lanjutan) POSITION (Continued)
PER 31 DESEMBER 2019 AS OF DECEMBER 31, 2019
(Dinyatakan dalam Rupiah, kecuali Dinyatakan Lain) (Expressed in Rupiah, except Otherwise Stated)

LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY

Catatan/
Notes 2019 2018

LIABILITAS JANGKA PENDEK CURRENT LIABILITIES

Utang Bank 2,6,7,8&9 24.945.329.747 53.505.004.900 Bank Loans
Utang Usaha kepada Pihak Ketiga 2 & 10 8.058.241.281 6.942.302.970 Trade Payables to Third Parties
Utang Lain-lain: 2 Other Payables
- Pihak Ketiga 4.899.400 4.899.400 - Third Parties
- Pihak Berelasi 5 - 2.200.000.000 - Related Party
Utang Pajak 2 & 11 879.714.458 465.274.233 Taxes Payable
Beban Akrual 2 1.113.752.246 826.855.787 Accrued Expenses
Uang Muka Penjualan 2 121.684.890 60.207.538 Advances from Customers
Liabilitas Jangka Panjang - Bagian Long-term Liabilities - Current
Jatuh Tempo dalam Satu Tahun: Maturities:
- Utang Bank 2,6,7,8&9 7.697.207.587 8.452.385.005 - Bank Loans
- Liabilitas Sewa Pembiayaan 2 & 12 1.539.326.895 92.560.390 - Finance Lease iabilities
- Liabilitas Pembiayaan
Konsumen 2 & 13 645.135.371 617.872.886 - Consumer Financing Loans
Total Liabilitas Jangka Pendek 45.005.291.875 73.167.363.109 Total Current Liabilities

LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES

Utang Pihak Berelasi 2&5 23.266.282.000 - Due to Related Parties
Liabilitas Imbalan Kerja Jangka Long-term Employee Benefits
Panjang 2 & 14 7.404.021.601 8.119.718.204 Liabilities
Liabilitas Jangka Panjang - Setelah
Dikurangi Bagian Jatuh Tempo Long-term Liabilities - Net of
dalam Satu Tahun: Current Maturities:
- Utang Bank 2,6,7,8&9 27.807.424.283 12.132.470.580 - Bank Loans
- Liabilitas Sewa Pembiayaan 2 & 12 5.393.195.611 197.563.120 - Finance Lease Liabilities
- Liabilitas Pembiayaan
Konsumen 2 & 13 310.832.058 749.872.392 - Consumer Financing Loans
Laba Ditangguhkan Transaksi Jual Deferred Income from Sale and
dan Sewa Balik 2&8 60.223.178 36.640.190 Leaseback Transactions
Total Liabilitas Jangka Panjang 64.241.978.731 21.236.264.486 Total Non-Current Liabilities
Total Liabilitas 109.247.270.606 94.403.627.595 Total Liabilities

2
 PT COTTONINDO ARIESTA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENT OF FINANCIAL
(Lanjutan) POSITION (Continued)
PER 31 DESEMBER 2019 AS OF DECEMBER 31, 2019
(Dinyatakan dalam Rupiah, kecuali Dinyatakan Lain) (Expressed in Rupiah, except Otherwise Stated)

Catatan/
Notes 2019 2018

EKUITAS EQUITY
Ekuitas Diatribusikan kepada Equity Attributable to Owners
Pemilik Entitas Induk of - The Parent Entity
Modal Saham - nilai nominal Capital Stock - Rp 100 par value
Rp 100 per saham per share
Modal Dasar - 2.000.000.000 Authorized - 2,000,000,000
saham shares
Modal Ditempatkan dan Disetor - Subscribed and Fully Paid -
768.042.782 saham 768,042,782 shares
(2018: 768.000.000 saham) 1 & 15 76.804.278.200 76.800.000.000 (2018: 768,000,000 shares)
Tambahan Modal Disetor 1,2&16 13.717.437.120 13.710.592.000 Additional Paid-in Capital
Surplus Revaluasi 2&8 45.506.498.454 38.153.518.390 Revaluation Surplus
Saldo Laba 9.819.574.153 7.656.627.298 Retained Earnings
Ekuitas Diatribusikan kepada Equity Attributable to Owners of
Pemilik Entitas Induk 145.847.787.927 136.320.737.688 Parent Entity
Kepentingan Nonpengendali 235.348.161 - Non-Controlling Interest
Total Ekuitas 146.083.136.088 136.320.737.688 Total Equity

TOTAL LIABILITAS DAN EKUITAS 255.330.406.694 230.724.365.283 TOTAL LIABILITIES AND EQUITY

Catatan atas Laporan Keuangan Konsolidasian merupakan The accompanying Notes to the Consolidated Financial
bagian yang tidak terpisahkan dari Laporan Keuangan Statements form an integral part of these Consolidated
Konsolidasian secara keseluruhan Financial Statements

3
 PT COTTONINDO ARIESTA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT OF PROFIT OR
KOMPREHENSIF LAIN KONSOLIDASIAN LOSS AND OTHER COMPREHENSIVE INCOME
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2019 FOR THE YEAR ENDED DECEMBER 31, 2019
(Dinyatakan dalam Rupiah, kecuali Dinyatakan Lain) (Expressed in Rupiah, except Otherwise Stated)

Catatan/
Notes 2019 2018

PENJUALAN NETO 2 & 18 74.877.988.354 73.286.561.591 NET SALES

BEBAN POKOK PENJUALAN 2 & 19 (44.189.037.615) (46.041.804.323) COST OF GOODS SOLD

LABA BRUTO 30.688.950.739 27.244.757.268 GROSS PROFIT

Beban Usaha 2 & 20 (19.344.590.119) (16.843.161.088) Operating Expenses

Penghasilan Keuangan 21 11.726.768 14.292.057 Finance Income
Rugi Penjualan Aset Tetap 8 (688.966.868) (48.821.699) Loss on Sale of Fixed Assets
Beban Keuangan 21 (8.447.723.212) (8.914.714.937) Finance Costs
Beban Administrasi Bank (125.592.218) (192.621.436) Bank Administration Expenses
Lain-lain - Neto (606.839.113) 182.842.197 Others - Net

LABA SEBELUM PAJAK 1.486.965.977 1.442.572.362 INCOME BEFORE TAX

PAJAK PENGHASILAN 2 & 11 (930.697.439) (642.425.671) INCOME TAX

LABA TAHUN BERJALAN 556.268.538 800.146.691 INCOME FOR THE YEAR

PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME

Item yang Tidak Akan Direklasifikasi Item that Will Not Be Reclassified to
ke Laba Rugi: Profit or Loss:
Pengukuran Kembali atas Liabilitas Remeasurement of Post-Employment
Imbalan Pascakerja 2 & 14 2.122.701.971 2.297.535.732 Benefits Liabilities
Pajak Penghasilan Terkait 2 & 11 (530.675.493) (574.383.933) Related Income Tax
Peningkatan Revaluasi Aset Tetap 8 7.352.980.064 6.355.672.874 Increase in Revaluation of Fixed Assets
Item yang Akan Direklasifikasi ke Laba Item that Will Be Reclassified to
Rugi - - Profit or Loss

TOTAL LABA KOMPREHENSIF TAHUN TOTAL COMPREHENSIVE INCOME

BERJALAN 9.501.275.080 8.878.971.364 FOR THE YEAR

LABA TAHUN BERJALAN YANG INCOME FOR THE YEAR

DIATRIBUSIKAN KEPADA: ATTRIBUTABLE TO:
Pemilik Entitas Induk 570.920.377 800.146.691 Owners of the Parent Company
Kepentingan Non Pengendali (14.651.839) - Non-Controlling Interest
Total 556.268.538 800.146.691 Total

TOTAL LABA KOMPREHENSIF TAHUN

BERJALAN YANG DIATRIBUSIKAN TOTAL COMPREHENSIVE INCOME
KEPADA: FOR THE YEAR ATTRIBUTABLE TO:
Pemilik Entitas Induk 9.515.926.919 8.878.971.364 Owners of the Parent Company
Kepentingan Non Pengendali (14.651.839) - Non-Controlling Interest
Total 9.501.275.080 8.878.971.364 Total

LABA TAHUN BERJALAN PER BASIC EARNINGS PER SHARE

SAHAM DASAR 2 & 23 0,74 1,42 FOR THE YEAR

LABA TAHUN BERJALAN PER DILUTED EARNINGS PER SHARE

SAHAM DILUSIAN 2 & 23 0,68 1,27 FOR THE YEAR

Catatan atas Laporan Keuangan Konsolidasian merupakan The accompanying Notes to the Consolidated Financial
bagian yang tidak terpisahkan dari Laporan Keuangan Statements form an integral part of these Consolidated
Konsolidasian secara keseluruhan Financial Statements

4
 PT COTTONINDO ARIESTA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL 31 DESEMBER 2019 FOR THE YEAR ENDED DECEMBER 31, 2019
(Dinyatakan dalam Rupiah, kecuali Dinyatakan Lain) (Expressed in Rupiah, except Otherwise Stated)

Saldo Laba/
Modal Ditempatkan Tambahan Retained Earnings Surplus Kepentingan
dan Disetor/ Modal Disetor/ Telah Ditentukan Belum Ditentukan Revaluasi/ Non Pengendali/
Catatan/ Subscribed and Additional Pengunaannya/ Pengunaannya/ Revaluation Total/ Non-controlling Total Ekuitas/
Notes Fully Paid Capital Paid-in Capital Appropriated Unappropriated Surplus Total Interest Total Equity

SALDO PER 1 JANUARI 2018 50.000.000.000 - - 5.133.328.808 31.797.845.516 86.931.174.324 - 86.931.174.324 BALANCE AS OF JANUARY 1, 2018
SETORAN MODAL SAHAM 16 26.800.000.000 - - - - 26.800.000.000 - 26.800.000.000 PAID-IN CAPITAL STOCK
TAMBAHAN MODAL DISETOR 1,2&16 - 18.224.000.000 - - - 18.224.000.000 - 18.224.000.000 ADDITIONAL PAID-IN CAPITAL
BIAYA EMISI SAHAM 2 & 16 - (4.513.408.000) - - - (4.513.408.000) - (4.513.408.000) SHARE ISSUANCE COSTS
LABA TAHUN BERJALAN - - - 800.146.691 - 800.146.691 - 800.146.691 INCOME FOR THE YEAR
PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME
Pengukuran Kembali atas Liabilitas Remeasurement of Post-Employment
Imbalan Pascakerja - Neto 2,11&14 - - - 1.723.151.799 - 1.723.151.799 - 1.723.151.799 Benefits Liabilities - Net
Peningkatan Revaluasi Aset Tetap - Neto 8 - - - - 6.355.672.874 6.355.672.874 - 6.355.672.874 Increase in Revaluation of Fixed Assets - Net
SALDO PER 31 DESEMBER 2018 76.800.000.000 13.710.592.000 - 7.656.627.298 38.153.518.390 136.320.737.688 - 136.320.737.688 BALANCE AS OF DECEMBER 31, 2018
SETORAN MODAL SAHAM 2,16&17 4.278.200 - - - - 4.278.200 - 4.278.200 PAID-IN CAPITAL STOCK
TAMBAHAN MODAL DISETOR 1,2,16&17 - 6.845.120 - - - 6.845.120 - 6.845.120 ADDITIONAL PAID-IN CAPITAL
LABA TAHUN BERJALAN - - - 570.920.377 - 570.920.377 (14.651.839) 556.268.538 INCOME FOR THE YEAR
KEPENTINGAN NON PENGENDALI - - - - - - 250.000.000 250.000.000 NON-CONTROLLING INTEREST
PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME
Pengukuran Kembali atas Liabilitas Remeasurement of Post-Employment
Imbalan Pascakerja - Neto 2,11&14 - - - 1.592.026.478 - 1.592.026.478 - 1.592.026.478 Benefits Liabilities - Net
Peningkatan Revaluasi Aset Tetap - Neto 8 - - - - 7.352.980.064 7.352.980.064 - 7.352.980.064 Increase in Revaluation of Fixed Assets - Net
SALDO PER 31 DESEMBER 2019 76.804.278.200 13.717.437.120 - 9.819.574.153 45.506.498.454 145.847.787.927 235.348.161 146.083.136.088 BALANCE AS OF DECEMBER 31, 2019

Catatan atas Laporan Keuangan Konsolidasian merupakan The accompanying Notes to the Consolidated Financial Statements
bagian yang tidak terpisahkan dari Laporan Keuangan Konsolidasian secara keseluruhan form an integral part of these Consolidated Financial Statements

5
 PT COTTONINDO ARIESTA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CASH FLOWS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2019 FOR THE YEAR ENDED DECEMBER 31, 2019
(Dinyatakan dalam Rupiah, kecuali Dinyatakan Lain) (Expressed in Rupiah, except Otherwise Stated)

Catatan/
Notes 2019 2018

CASH FLOWS FROM OPERATING

ARUS KAS DARI AKTIVITAS OPERASI ACTIVITIES
Penerimaan dari Pelanggan 70.182.761.876 77.726.826.307 Received from Customers
Pembayaran kepada Pemasok
dan Lainnya (42.485.715.895) (42.082.412.172) Cash Paid to Suppliers and Others
Pembayaran kepada Komisaris, Cash Paid to Commissioner, Directors
Direksi dan Karyawan (23.375.904.081) (21.724.726.126) and Employees

Cash Provided by Operating

Kas Diperoleh dari Aktivitas Operasi 4.321.141.900 13.919.688.009 Activities
Pembayaran Pajak Penghasilan Badan 11 (1.452.462.277) (1.986.983.882) Payment of Corporate Income Tax

Kas Neto Diperoleh dari Aktivitas Net Cash Provided by Operating

Operasi 2.868.679.623 11.932.704.127 Activities

CASH FLOWS FROM INVESTING

ARUS KAS DARI AKTIVITAS INVESTASI ACTIVITIES
Penerimaan Bunga 11.726.768 14.292.057 Interest Received
Perolehan Aset Tetap 8 (13.881.584.466) (30.867.789.830) Acquisition of Fixed Assets
Pembayaran Uang Muka Aset Tetap (162.548.000) (1.815.600.000) Payment of Advances on Fixed Assets
Penjualan Aset Tetap 8 9.124.929.560 1.593.181.818 Sale of Fixed Assets

Kas Neto Digunakan untuk Net Cash Used in Investing

Aktivitas Investasi (4.907.476.138) (31.075.915.955) Activities

ARUS KAS DARI AKTIVITAS CASH FLOWS FROM FINANCING

PENDANAAN ACTIVITIES
Perolehan Utang Bank 9 21.700.000.000 32.380.000.000 Proceeds from Bank Loans
Pembayaran Utang Bank 9 (35.353.471.449) (41.024.507.183) Payment of Bank Loans
Pembayaran Liabilitas Pembiayaan Payment of Consumer Financing
Konsumen 13 (698.777.849) (858.894.694) Loans
Pembayaran Bunga Utang Bank 21 (8.012.056.995) (8.654.826.867) Payment of Interest on Bank Loans
Pembayaran Biaya Perolehan Utang Payment of Bank Loans Acquisition
Bank 21 (132.500.000) (100.000.000) Costs
Pembayaran Bunga Liabilitas Sewa Payment of Interest on Finance Lease
Pembiayaan dan Liabilitas Pembiayaan Liabilities and Consumer Financing
Konsumen 21 (172.951.939) (129.637.416) Loans
Pembayaran Sewa Pembiayaan 12 (272.864.812) (24.876.490) Payment of Finance Lease
Setoran Modal 15 4.278.200 26.800.000.000 Paid-in Capital
Tambahan Modal Disetor 16 6.845.120 18.224.000.000 Additional Paid-in Capital
Biaya Emisi Saham - (4.513.408.000) Share Issuance Costs
Penerimaan dari Pihak Berelasi 5 23.266.282.000 - Proceeds from Related Parties
Pembayaran Utang Lain-lain 5 (2.200.000.000) - Payment of Other Payables
Penerimaan dari Kepentingan Non Received from Non Controlling
Pengendali 250.000.000 - Interest

Kas Neto Diperoleh dari Net Cash Provided by (Used in)

(Digunakan untuk) Aktivitas Pendanaan (1.615.217.724) 22.097.849.350 Financing Activities

PENINGKATAN (PENURUNAN) NETO NET INCREASE (DECREASE) IN

KAS DAN BANK (3.654.014.239) 2.954.637.522 CASH ON HAND AND IN BANKS

CASH ON HAND AND IN BANKS,

KAS DAN BANK, AWAL TAHUN 5.334.127.442 2.379.489.920 BEGINNING

CASH ON HAND AND IN BANKS,

KAS DAN BANK, AKHIR TAHUN 1.680.113.203 5.334.127.442 ENDING

Catatan atas Laporan Keuangan Konsolidasian merupakan The accompanying Notes to the Consolidated Financial
bagian yang tidak terpisahkan dari Laporan Keuangan Statements form an integral part of these Consolidated
Konsolidasian secara keseluruhan Financial Statements