Fuel Costs AR 2016 PT SAMINDO (e reporting) final 2

72 Laporan Tahunan 2016 PT Samindo Resources Tbk Turunnya pendapatan dan laba Perseroan berdampak negatif terhadap posisi keuangan Perseroan. Dari sisi kewajiban dan modal, total liabilitas mencatat pertumbuhan negatif sebesar -41,4. Turunnya liabilitas Perseroan merupakan imbas dari kebijakan Perseroan untuk mempercepat pembayaran utang bank. Dari sisi ekuitas, walaupun laba Perseroan tumbuh negatif, jumlah ekuitas Perseroan berhasil tumbuh sebesar 15,1. Dari sisi aset, turunnya jumlah liabilitas Perseroan otomatis berpengaruh terhadap jumlah aset yang dimiliki Perseroan akibat berkurangnya akuisisi terhadap aset tetap. Hal tersebut terlihat dari penurunan jumlah aset Perseroan sebesar -8,7 pada akhir 2016. Aset Lancar Jumlah aset lancar Perseroan pada akhir 2016 mencapai USD 84 juta, atau turun sebesar -1,5. Berikut komponen- komponen aset lancar yang memiliki peranan cukup signiikan atas turunnya total aset lancar:

1. Kas dan Setara Kas

Jumlah kas dan setara kas secara konsolidasi membukukan pertumbuhan negatif sebesar -28,2. Ada empat faktor menjadi penyebab turunnya jumlah kas Perseroan. • Pada pertengahan tahun 2016, berdasarkan keputusan RUPS-T Perseroan memutuskan untuk membagikan dividen kepada para pemegang saham, sebesar USD 8 juta, • Dalam tiga tahun terakhir Perseroan secara konsisten melakukan percepatan pembayaran utang bank. The decreased of the Company’s revenues and proits had a negative impact on the inancial position. In terms of liabilities and capital, total liabilities recorded a negative growth of -41.4. The decreased in liabilities was due to the Company’s policy to accelerate the payment of its bank loan. In terms of equity, even though the Company’s proit grew negatively, the total equity managed to grow by 15.1. From asset side, the decreased in the Company’s total liabilities automatically afected the amount of assets owned by the Company due to lower acquisition of ixed assets. This was evident from the decline in the Company’s total assets by -8.7 at the end of 2016. Current Asset The Company’s total current assets at the end of 2016 reached USD 84 million or a decrease by -1.5. The following components of current assets have a signiicant role on the decline of the total current assets:

1. Cash and Cash Equivalents

The total of cash and cash equivalents on a consolidated basis posted a negative growth of -28.2. There were four factors that cause the decrease of the Company’s cash. • In mid-2016, based on the decision of the AGMS, the Company decided to distribute a dividend to the shareholders of amounting to USD 8 million, • In the last three years, the Company has consistently accelerate its bank loan repayments. During 2016, Posisi Keuangan Financial Position 2015 2016 Pertumbuhan Growth Jumlah Aset Lancar | Total Current Assets 85.330.794 84.058.269 -1,5 Jumlah Aset Tidak Lancar | Total Non Current Assets 75.901.915 63.195.993 -16,7 Jumlah Aset | Total Assets 161.232.709 147.254.262 -8,7 Jumlah Liabilitas Jangka Pendek | Total Current Liabilities 36.781.975 19.555.540 -46,8 Jumlah Liabilitas Jangka Panjang | Total Non Current Liabilities 31.103.148 20.217.461 -35 Jumlah Liabilitas | Total Liabilities 67.885.123 39.773.001 -41,4 Jumlah Ekuitas | Total Equity 93.347.589 107.481.261 15,1 Jumlah Liabilitas dan Ekuitas | Total Liabilities and Equity 161.232.709 147.254.262 -8,7 2015 2016 Pertumbuhan Growth Jumlah Aset Lancar | Total Current Assets 85.330.794 84.058.269 -1,5 Kas dan Setara Kas | Cash and Cash Equivalents 30.215.098 21.694.358 -28,2 Deposito Jangka Pendek | Short Term Deposit 4.200.000 - -100 Piutang Usaha dari Pihak Berelasi | Trade Receivable from a Related Party 16.895.765 16.806.500 -0,5 Piutang Lainnya dari Pihak Ketiga | Other Receivable from Third Party 182.129 226.052 24,1 Persediaan | Inventory 13.368.775 13.008.960 -2,7 Pajak yang Dapat Dikembalikan | Refundable Tax 18.243.393 15.277.260 -16,3 Biaya Dibayar Dimuka, Bagian Lancar | Prepaid Expenses, Current Portion 1.638.254 1.758.373 7,3 Aset Lancar Lainnya | Other Current Asset 587.380 15.286.766 2502,5 USD USD