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December 31, 2016 compared to December 31, 2015
The total liabilities of the Company for the year ended on December 31, 2016 increased by Rp344,351,934,444 or 26.3, from Rp1,307,489,294,225 in the year ended on December 31, 2015, to
Rp1,651,841,228,669. The increase was mainly due to an increase in bank loans and non-bank financial institution loans, which were used to finance the Company’s working capital requirements, an increase in
other payables to related parties, and an increase in deferred tax liabilities.
December 31, 2015 compared to December 31, 2014
The total liabilities of the Company for the year ended on December 31, 2015 increased by Rp382,683,140,245 or 41.4, from Rp924,806,153,980 in the year ended on December 31, 2014, to
Rp1,307,489,294,225. The increase was mainly due to an increase in bank loans and non-bank financial institution loans, which were used to finance the construction of Interkraft’s factory and the Company’s
working capital requirements.
a. Taxes payable December 31, 2016 compared to December 31, 2015
The total taxes payable of the Company for the year ended on December 31, 2016 increased by Rp38,291,097,701 or 740.0, from Rp5,171,757,786 in the year ended on December 31, 2015, to
Rp43,462,885,487. The increase was mainly due to an increase in the Company’s corporate income tax payable for the year 2016, which was in line with the increase in the Company’s profit.
December 31, 2015 compared to December 31, 2014
The total taxes payable of the Company for the year ended on December 31, 2015 increased by Rp3,864,522,919 or 295.6, from Rp1,307,234,867 in the year ended on December 31, 2014, to
Rp5,171,757,786. The increase was mainly due to an increase in the Company’s corporate income tax payable for the year 2015, which was in line with the increase in the Company’s profit.
b. Bank and Non-Bank Financial Institution Loans
All of the Company’s bank and non-bank financial institution loans are extended by domestic financial institutions. Further information is presented in Chapter III in this Prospectus regarding Statement of
Indebtedness.
December 31, 2016 compared to December 31, 2015
The total bank loans and non-bank financial institution loans of the Company for the year ended on December 31, 2016 increased by Rp115,372,378,782 or 11.8, from Rp979,746,767,160 in the year
ended on December 31, 2015, to Rp1,095,119,145,942. The increase was due to an increase in bank loan facilities and loans from non-bank financial institutions taken for financing working capital
requirements which was the result of the depreciation of the Rupiah against the USD.
December 31, 2015 compared to December 31, 2014
The total bank loans and non-bank financial institution loans of the Company for the year ended on December 31, 2015 increased by Rp373,325,244,066 or 61.6, from Rp606,421,523,094 in the year
ended on December 31, 2014, to Rp979,746,767,160. The increase was due to additional bank loan
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facilities and loans from non-bank financial institutions taken by the Company to finance its factory construction project.
c. Deferred Tax Liabilities December 31, 2016 compared to December 31, 2015
