The Company’s gross profit has increased by 29.51 from Rp1,549,712 million for the year ended December 31, 2014, to Rp2,006,961 million for the year ended December 31, 2015.
The increase in gross profit was mainly due to the increase in the Company revenue, which was higher than the increase in Cost of Goods Sold. The Companys revenue for the year ended December 31, 2015, has increased by 14.40 compared to the year ended December 31,
2014, whereas Cost of Goods Sold for the year ended December 31, 2015, has only increased by 12.25 compared to the year ended December 31, 2014.
d.
Operating Expenses Six-month period ended June 30, 2016, compared to the Six-month period ended June 30, 2015
The Company’s operating expenses for the six-month period ended June 30, 2016 have reached Rp223,650 million, with employee, general and administrative, depreciation and marketing expenses each contributing Rp156,104 million 69.80, Rp50,183 million 22.44, Rp14,494
million 6.48 and Rp2,869 million 1,28, respectively.
The Company’s operating expenses have increased by 20.62 from Rp185,417 million for the six-month period ended June 30, 2015, to Rp223,650 million for the six-month period ended June 30, 2016. The increase was mainly contributed by the increase in employee expenses
by Rp16,606 million or 11.90, combined with the increase in general expenses by Rp13,252 million or 35.88. Year Ended December 31, 2015, compared to the Year Ended December 31, 2014
The Company’s operating expenses for the year ended December 31, 2015, have reached Rp409,797 million, with employee, general and administrative, depreciation and marketing expenses each contributing Rp287,556 million 70.17, Rp96,072 million 23.44, Rp21,287
million 5.19 and Rp4,882 million 1,19, respectively.
The Company’s operating expenses have increased by 45.69 from Rp281,280 million for the year ended December 31, 2014, to Rp409,797 million for the year ended December 31, 2015. The increase was mainly contributed by the increase in employee expenses by Rp85,878
million or 42.58, combined with the increase in general expenses by Rp30,622 million or 46.79. e.
Operating income Six-month period ended June 30, 2016, compared to the Six-month period ended June 30, 2015
The Company’s operating income has increased by 37.22 from Rp497,645 million for the six-month period ended June 30, 2015, to Rp682,857 million for the six-month period ended June 30, 2016. The growth of operating income was affected by the increase in revenue from
each business segment. The highest business development up to June 30, 2016, was contributed by the EPC segment, i.e. Rp811,569 million or 316.23.
The Company’s profit margin has increased from 9.53 for the six-month period ended June 30, 2015, to 10.55 for the six-month period ended June 30, 2016.
Year Ended December 31, 2015, compared to the Year Ended December 31, 2014
The Company’s operating income has increased by 25.92 from Rp1,268,432 million for the year ended December 31, 2014, to Rp1,597,164 million for the year ended December 31, 2015. The growth of operating income was affected by the increase in revenue from each business
segment. The highest business development up to December 31, 2015, was contributed by the Property and Realty segment, i.e. Rp927,079 million or 143.64.
The Company
’s profit margin has increased from 10.21 for the year ended December 31, 2014, to 11.23 for the year ended December 31, 2015.
f. Income Before Income Tax
Six-month period ended June 30, 2016, compared to the Six-month period ended June 30, 2015 The Com
pany’s income before income tax has increased by 66.79 from Rp382,993 million for the six-month period ended June 30, 2015, to Rp638,807 million for the six-month period ended June 30, 2016. The growth of income before income tax was affected by the successful
increase of the Companys gross profit and the increase in operating income, while other expenses have decreased. The Company’s profit before tax margin has increased from 7.33 for the six-month period ended June 30, 2015, to 9.87 for the six-month
period ended June 30, 2016. Year Ended December 31, 2015, compared to the Year Ended December 31, 2014
The Company’s income before income tax has increased by 39.81 from Rp920,901 million for the year ended December 31, 2014, to Rp1,287,534 million for the year ended December 31, 2015. The growth of income before income tax was affected by the successful increase
of the Companys gross profit and the increase in operating income, while other expenses have decreased.
The Company’s profit before tax margin has increased from 7.41 for the year ended December 31, 2014, to 9.06 for the year ended December 31, 2015.
g. Profit for the Year from Continuing Operations
Six-month period ended June 30, 2016, compared to the Six-month period ended June 30, 2015
The Company’s profit for the year from continuing operation has increased by 94.64 from Rp210,855 million for the six-month period ended June 30, 2015, to Rp410,409 million for the six-month period ended June 30, 2016. The increase of profit for the year from continuing operation
incurred due to the increase in the Companys revenue that has higher compared to the increase in the Companys expenses.
The Company’s margin of profit for the year from continuing operation has increased from 4.04 for the six-month period ended June 30, 2015, to 6.34 for the six-month period ended June 30, 2016.
Year Ended December 31, 2015, compared to the Year Ended December 31, 2014
The Company’s profit for the year from continuing operation has increased by 58.94 from Rp533,521 million for the year ended December 31, 2014, to Rp845,563 million for the year ended December 31, 2015. The increase of profit for the year from continuing operation incurred
due to the increase in the Companys revenue that has higher compared to the increase in the Companys expenses.
The Company’s margin of profit for the year from continuing operation has increased from 4.29 for the year ended December 31, 2014, to 5.95 for the year ended December 31, 2015.
h.
Asset Growth
As of June 30, 2016 compared to as of December 31, 2015 The Company’s total assets as of June 30, 2016, was Rp20,445,503 million, an increase of 6.88 compared to total assets as of December
31, 2015, of Rp19,128,812 million. The Companys total current assets as of June 30, 2016, was Rp16,175,612 million, an increase of Rp745,077 million or 4.83 compared to
total current assets as of December 31, 2015, of Rp15,430,535 million. The increase was due to the increase in new contracts acquired in the period ended June 30, 2016, totaling Rp14,093 billion. Whereas net trade receivables - third parties has increase by Rp1,041,294 million or
41.48, combined with the increase in prepaid expenses by Rp250,088 million or 96.44, consisting of marketing expenses, i.e. Indirect Expenses, Marketing Expenses, Provision Expenses and Insurance Expenses.
The Companys total non-current assets as of June 30, 2016, was Rp4,269,890 million, an increase of Rp571,614 million or 15.46 compared to total non-current assets as of December 31, 2015, of Rp3,698,276 million. The increase was mainly due to the increase in investment in
associates by Rp254,361 million or 93.47 resulting from capital contribution to associates.
As of December 31, 2015 compared to as of December 31, 2014
The Company’s total assets as of December 31, 2015, was Rp19,128,812 million, an increase of 31.21 compared to total assets as of December 31, 2014, of Rp14,579,155 million.
The Companys total current assets as of December 31, 2015, was Rp15,430,535 million, an increase of Rp1,953,203 million or 14.49 compared to total current assets as of December 31, 2014, of Rp13,477,332 million. The increase was mainly due to the increase in due from
customer - net - related parties by Rp711,425 million or 73.13. The largest Due from Customer net-related parties was contributed by PT Prima Multi Terminal totaling Rp275,752 million.
The Companys total non-current assets as of December 31, 2015, was Rp3,698,276 million, an increase of Rp2,596,453 million or 235.65 compared to total non-current assets as of December 31, 2014, of Rp1,101,823 million. The increase was mainly due to the increase in
investment in associates by Rp124,741 million or 72.36 resulting from capital contribution to associates.
i. Liability Growth
