109
IX. SUMMARY OF SIGNIFICANT FINANCIAL STATEMENT
The summary of financial information should be read in conjuction with the consolidated financial statements and the related notes thereto as of and for the years ended December 31, 2012 , 2013 and 2014 and on June 30, 2015 and for
the six-month period ended on September 30, June 2014 and 2015, included elsewhere in this Prospectus.
The Company has derived the summary consolidated financial information below from its audited consolidated financial statements as of and for the years ended December 31, 2012, 2013 and 2014 and as of and for the six months ended
June 30, 2015, each prepared and presented in accordance with IFAS and included elsewhere in thisProspectus. The Audited Consolidated Financial Statements as of and for the years ended December 31, 2012, 2013 and 2014 and as
of and for the six months ended June 30, 2015 have been audited in accordance with auditing standards established by the IICPA, by KAP Tanudiredja, Wibisana, Rintis Rekan, formerly known as KAP Tanudiredja, Wibisana Rekan, a
member of the PricewaterhouseCoopers network of firms, independent public accountants and the report has been signed by a public accountant Nita Skolastika Ruslim, CPA by providing a fairness opinion. The Company also presents
financial and other data as of and for the years ended December 31, 2010 and 2011. Certain of the 2010 and 2011 information set out below have been represented and reclassified in order for them to be comparable to those used to
prepare the Companys Consolidated Financial Statements included elsewhere in this Prospectus. Except as otherwise described in Note 1 to the Summary Consolidated Financial Statements below, the financial information as of and for
the years ended December 31, 2010 and 2011 have been extracted from the Companys audited consolidated financial statements that are not included in this Prospectus but were published on its website www.sampoerna.com and filed
with OJK. The audited consolidated financial statements dated and for the years ended December 31, 2011 and 2010 have been audited by Tanudiredja, Wibisana Partners a member firm global network of PricewaterhouseCoopers,
an independent public accountant, and the report has been signed by a public accountant Andry D . Atmadja, SE. Ak., CPA by providing a fairness opinion.
The Company has derived the summary interim consolidated financial information below for the six months ended June 30, 2014 from its unaudited interim consolidated financial statements for the six months ended June 30, 2014, prepared
and presented in accordance with IFAS and included elsewhere in this Prospectus. These interim consolidated financial statements for the six months ended June 30, 2014, which have been reviewed by KAP Tanudiredja, Wibisana, Rintis
Rekan, formerly known as KAP Tanudiredja, Wibisana Rekan, a member of the PricewaterhouseCoopers network of firms include all adjustments consisting of normal and recurring adjustments which are considered necessary for a
fair presentation of the consolidated financial position and operating results of the Company for the period presented. With respect to these unaudited financial information, KAP Tanudiredja, Wibisana, Rintis Rekan have applied limited
procedures in accordance with the review standards established by IICPA for a review of such information. They did not audit and do not express an opinion on that unaudited financial information. Accordingly, the degree of reliance on
such information should be restricted in light of the limited nature of the review procedures applied. The Companys results for any interim period may not be indicative of its results for the full year or for any period.
Summary Consolidated Statements of Financial Positions
in billion Rupiah
Description June 30
December 31 2015
2014 2013
2012 2011
2010 ASSET
Cuurent assets
Cash and cash equivalents 111.2
65.1 657.3
783.5 2,070.1
3,209.6 Trade receivables
Third parties 1,617.8
855.8 1,179.4
983.9 823.3
821.7 Related parties
142.0 153.9
213.7 92.7
68.2 34.7
Other receivables Third parties
94.3 80.3
42.2 26.2
50.2 29.2
Related parties 6.3
8.0 14.1
269.9 151.3
114.6 Inventories
16,751.6 17,431.5
17,332.6 15,669.9
8,913.3 9,802.5
Prepaid taxes Corporate income tax
110.0 2.4
- -
- -
Other taxes 694.2
676.1 664.5
599.1 511.1
435.6 Advances for purchase of tobacco and cloves
813.9 1,328.7
957.3 2.506.8
2.058.3 1,095.9
Prepayments 200.5
171.4 176.7
160.8 176.1
224.8 Non-current assets held for sale
4,3 4,3
10.0 35.5
29.6 -
Total current assets
20,546.1 20,777.5
21,247.8 21,128.3
14,851.5 15,768.6
Non current assets
Other receivables Related parties
- -
150.0 -
- -
Investment in associate 55.9
48.3 34.2
24.8 22.2
12.2 Investment properties
427.4 436.0
363.6 141.0
- -
Fixed assets 6,093.4
5,919.6 4,708.7
4,115.1 3,850.7
4,087.3 Land for development
114.9 114.9
115.8 144.1
173.5 175.3
Deferred tax assets 270.2
219.4 149.8
164.9 94.2
42.5 Goodwill
60.4 60.4
60.4 60.4
60.4 237.3
Other non-current assets 926.1
804.5 574.3
468.9 277.3
1
151.1
1
Total non-current assets 7,948.3
7,603.1 6,156.8
5,119.2 4,478.3
1
4,705.7
1
TOTAL ASSETS 28,494.4
28,380.6 27,404.6
26,247.5 19,329.8
1
20,474.3
1
110
in billion Rupiah, except shares data
Description June 30,
December 31, 2015
2014 2013
2012 2011
2010 LIABILITIES
Current liabilities
Borrowings Third party
1,573.8 90.7
- 493.3
- -
Related party 2.326.4
2,744.8 2,442.0
1,812.9 -
- Trade and other payables
Third parties 2,306.1
1,819.2 1,421.0
1,374.1 1,273.9
583,7 Related parties
1,093.4 942.3
772.7 1,054.0
664.2 490.8
Dividend liabilities -
- -
- -
3,988.5 Taxes payable
Corporate income tax 326.5
382.6 518.7
476.4 580.5
254.2 Other taxes
479.8 723.9
891.2 891.8
891.3 819.1
Excise tax payable 3,608.9
6,164.8 5,474.1
5,295.9 4,464.1
3,126,2 Accruals
148.5 120.2
77.2 443.5
78.2
1
80,0
1
Employee benefit liabilities Current
557.0 507.1
415.2 30.4
386.0
1
299.0
1
Deffered revenue Current
76.4 79.6
48.2 -
- -
Other short-term financial 388.4
5x3 43x7
- -
- Financial lease liabilities
Current 18.1
19.6 19.9
25.6 30.2
42.2
Total current liabilities 12,903.1
13.600x2 12,123.8
11,898.0 8,368.4
1
9,683.8
1
Non-current liabilities Employee benefit liabilities
1,434.6 1,172.6
937.1 855.0
582.8 432.6
Deferred tax liabilities 0.4
0.7 0.6
5.1 5.5
11.4 Financial lease liabilities
28.1 33,5
34.2 56.0
50.0 44.9
Deffered revenue 54.0
75.5 153.8
125.0 46.2
41.8
Total non-current liabilities 1,517.1
1,282.3 1,125.8
1,041.1 684.7
530.7
TOTAL LIABILITIES 14,420.2
14,882.5 13,249.6
12,939.1 9,174.6
10,309.7
in billion Rupiah, except shares data Description
June 30, December 31,
2015 2014
2013 2012
2011 2010
EQUITY Equity attributable to the owners of the parent
Authorised capital Authorised capital- 6.300.000.000 ordinary shares with par
value of Rp 100 full Rupiah per share Issued and fully paid - 4.383.000.000 ordinary shares
438.3 438.3
438.3 438.3
438.3 438.3
Additional paid-in capital 44.1
99.4 120.6
136.9 42.1
42.1 Cumulative translation adjusments
646.4 646.3
646.2 647.3
616.4 629.8
Other reserves -29.7
-29.7 -29.7
-29.7 -29.7
-29.7 Retained earnings
Appropriated 90,0
90,0 90,0
90,0 90,0
90,0 Unappropriated
12,885.2 12,253.9
12,889.6 12,025.6
9,044.7 9,044.0
14,074.3 13,498.1
14,155.0 13,308.4
10,201.8 10,214.5
Non-control interest -
- -
- -
1.0
TOTAL EQUITY 14,074.3
13,498.1 14,155.0
13,308.4 10,201.8
10,215.5 TOTAL LIABILITIES AND EQUITY
28,494.5 28,380.6
27,404.6 26,247.5
19,376.3 20,525.1
Summary Consolidated Statements of Profit or Loss and Other Comprehensive Income
in billions of Rupiah, except basic earnings per share Description
Six-month period ended June 30
For the years ended December 31 2015
2014 2014
2013 2012
2011 2010
Net revenues 43,742.6
39,093.5 80,690.1
75,025.2 66,626.1
52,856.7 43,381.6
Cost of goods sold 33,482.3
29,241.1 60,190.0
54,953.9 48,118.8
37,661.2 30,725.7
Gross profit 10,260.3
9,852.4 20,500.1
20,071.3 18,507.3
15,195.5 12,655.9
Selling expenses 2,753.1
2,360.1 5,295.4
4,027.6 3,732.3
3,262.2
1
2,816.9
1
General and administrative 765.3
691.7 1,399.3
1,443.5 1,424.5
1,315.9
1
1,128.0
1
Other income 103.3
61.6 151.8
237.5 59.4
385.4 30.4
Other expenses 124.4
134.1 263.1
317.2 114.5
203.8 37.8
Finance income 25.3
31.5 57.5
48.9 120.0
123.8 79.3
Finance costs 52.4
19.0 47.4
69.1 34.7
21.7 36.7
Share of net results of associate 7.5
2.7 14.1
9.4 2.6
10.0 2.0
Profit before income tax 6,701.2
6,743.3 13,718.3
14,509.7 13,383.3
10,911.1 8,748.2
111
Income tax expense 1,689.4
1,712.0 3,537.2
3,691.2 3,438.0
2,846.7 2,325.5
Profit for the periodyear 5,011.8
5,031.3 10,181.1
10,818.5 9,945.3
8,064.4 6,422.7
Other comprehensive incomelosses Items that may be subsequently reclassified to profit
or loss: Actuarial loss from post-employment benefits
142.4 162.6
221.4 12.5
227.7 -
- Related income tax expense
35.4 40.6
55.2 3.1
56.9 -
- 107.0
122.0 166.2
9.4 170.8
- -
Items that may be subsequently reclassified to profit or loss:
Cumulative translation adjustments 0.1
0.3 0.1
1.1 30.9
13.4 15.5
Other comprehensive losses, net of tax 106.9
121.7 166.1
10.5 139.9
13.4 15.5
TOTAL COMPREHENSIVE INCOME FOR THE PERIODYEAR
4,904.9 4,909.6
10,015.0 10,808.0
9,805.4 8,051.0
6,438.2
ProfitLoss distributed to:
Parent Comapny 5,011.8
5,031.3 10,181.1
10,818.5 9,945.3
8,065.4 6,421.4
Minority Shareholders -
- -
- -
1.0 1.3
5,011.8 5,031.3
10,181.1 10,818.5
9,945.3 8,064.4
6,422.7
Profit attributable to:
Owners of the parent 4,904.9
4,909.6 10,015.0
10,808.0 9,805.4
8,052.0 6,436.9
Non-controlling interest -
- -
- -
1.0 1.3
4,904.9 4,909.6
10,015.0 10,808.0
9,805.4 8,051.0
6,438.2
Basic and diluted earnings per sharein full Rupiah calculated based on outstanding weighted average
number of shares of 4.383.000.000 shares 1,143
1,148 2,323
2,468 2,269
1,840 1,465
Note:
1
Certain accounts in the Companys audited Consolidated Financial Statements as of and for the years ended December 31, 2010 and 2011, which are not included in this Prospectus, have been reclassified to conform with the presentation of the Consolidated Financial Statements included elsewhere
in this Prospectus.
in billions of Rupiah Description
Desember 31, 2010 As previously reported
Reclassification As reported above
Selling expenses 3,145.1
328.2 2,816.9
General and administrative expenses 799.8
328.2 1,128.0
Total non-current assets 201.9
50.8 151.1
Total assets 4,756.5
50.8 4,705.7
Total current liabilities 20,525.1
50.8 20,474.3
Total non-current liabilities 474.1
394,1 80,0
Total liabilities -
299,0 299,0
Total equity 9,778.9
95.1 9,683.8
Total liabilities and equity 432.6
24.7 407.9
Selling expenses 530.7
24.7 506.0
General and administrative expenses 10,309.6
119.8 10,189.8
Total non-current assets 42.1
69.0 111.1
Total assets 10,215.5
69.0 10,284.5
Total current liabilities 20,525.1
50.8 20,474.3
in billions of Rupiah Description
Desember 31, 2011 As previously reported
Reclassification As reported above
Selling expenses 3,562.6
300.4 3,262.2
General and administrative expenses 1,015.5
300.4 1,315.9
Total non-current assets 323.8
46.5 277.3
Total assets 4,524.8
46.5 4,478.3
Total current liabilities 19,376.3
46.5 19,329.8
Total non-current liabilities 585.7
507,5 78,2
Total liabilities -
386,0 386,0
Total equity 8,489.9
121.5 8,368.4
Total liabilities and equity 582.8
25.9 556.9
Selling expenses 684.6
25.9 658.7
General and administrative expenses 9,174.5
147.4 9,027.1
Total non-current assets 42.1
100.9 143.0
Total assets 10,201.8
100.9 10,302.7
Total current liabilities 19,376.3
46.5 19,329.8
112
X. EQUITY