PT MULTI INDOCITRA Tbk DAN ENTITAS ANAK AND SUBSIDIARIES

  PT MULTI INDOCITRA Tbk DAN ENTITAS ANAK/ AND SUBSIDIARIES

Laporan Keuangan Konsolidasian Beserta Laporan Auditor Independen

Pada Tanggal 31 Desember 2016 Dan

  Untuk Tahun Yang Berakhir Pada Tanggal

31 Desember 2016

  Consolidated Financial Statements With Independent Auditors’ Report As Of December 31, 2016 And For The Year Ended December 31, 2016

  The original consolidated financial statements included herein are in the Indonesian language.

  

PT MULTI INDOCITRA Tbk PT MULTI INDOCITRA Tbk

DAN ENTITAS ANAK AND SUBSIDIARIES

LAPORAN KEUANGAN KONSOLIDASIAN CONSOLIDATED FINANCIAL STATEMENTS

BESERTA LAPORAN AUDITOR INDEPENDEN WITH INDEPENDENT AUDITORS’ REPORT

  

Pada Tanggal 31 Desember 2016 Dan As Of December 31, 2016 And

Untuk Tahun Yang Berakhir Pada Tanggal For The Year Ended

31 Desember 2016 December 31, 2016

  Halaman/ Table of Contents Daftar Isi

  

Page

Laporan Auditor Independen

  Independent Auditors’ Report

Laporan Posisi Keuangan Konsolidasian 1 – 2 Consolidated Statement of Financial Position

Laporan Laba Rugi dan Penghasilan Komprehensif Consolidated Statement of Profit or Loss and

Lain Konsolidasian

  3 Other Comprehensive Income

Laporan Perubahan Ekuitas Konsolidasian 4-5 Consolidated Statement of Changes in Equity

Laporan Arus Kas Konsolidasian

  6 Consolidated Statement of Cash Flows

Catatan atas Laporan Keuangan Konsolidasian 7 – 71 Notes to the Consolidated Financial Statements

  • ***************************

  Richard Risambessy & Rekan A u d it , A c c o u n t in g S e r v i c e s , M a n a g e m e n t S e r v ic e s

  & T a x S e r v ic e s

  P e m e g a n g S a h a m , D e w a n K o m is a r is d a n D ir e k s i P T M u lti In d o c itr a T b k d a n E n tita s A n a k K a m i te la h m e n g a u d it la p o r a n k e u a n g a n k o n s o lid a s ia n P T M u lti In d o c itr a T b k d a n E n tita s A n a k n y a , y a n g te r d ir i d a r i la p o r a n p o s is i k e u a n g a n k o n s o lid a s ia n ta n g g a l 3 1 D e s e m b e r 2 0 1 6 , s e r ta la p o r a n la b a r u g i d a n p e n g h a s ila n k o m p r e h e n s if la in , la p o r a n p e r u b a h a n e k u ita s d a n la p o r a n a r u s k a s k o n s o lid a s ia n u n tu k ta h u n y a n g b e r a k h ir p a d a ta n g g a l te r s e b u t, d a n s u a tu ik h tis a r k e b ija k a n a k u n ta n s i s ig n ifik a n d a n in fo r m a s i p e n je la s a n la in n y a . T a n g g u n g ja w a b m a n a je m e n a ta s la p o r a n k e u a n g a n k o n s o lid a s ia n

  M a n a je m e n b e r ta n g g u n g ja w a b a ta s p e n y u s u n a n d a n p e n y a jia n w a ja r la p o r a n k e u a n g a n k o n s o l i d a s ia n te r s e b u t s e s u a i d e n g a n S ta n d a r A k u n ta n s i K e u a n g a n d i In d o n e s ia , d a n a ta s p e n g e n d a lia n in te r n a l y a n g d ia n g g a p p e r lu o le h m a n a je m e n u n tu k m e m u n g k in k a n p e n y u s u n a n la p o r a n k e u a n g a n k o n s o lid a s ia n y a n g b e b a s d a r i k e s a la h a n p e n y a jia n m a te r ia l , b a ik y a n g d is e b a b k a n o le h k e c u r a n g a n m a u p u n k e s a la h a n .

  T a n g g u n g j a w a b k a m i a d a la h u n tu k m e n y a ta k a n s u a tu o p i n i a ta s la p o r a n k e u a n g a n k o n s o lid a s ia n te r s e b u t b e r d a s a r k a n a u d it k a m i.

  K a m i m e la k s a n a k a n a u d it b e r d a s a r k a n S ta n d a r A u d it y a n g d ite ta p k a n o le h In s titu t A k u n ta n P u b lik I n d o n e s ia . S t a n d a r te r s e b u t m e n g h a r u s k a n k a m i u n tu k m e m a tu h i k e te n tu a n e tik a s e r ta m e r e n c a n a k a n d a n m e la k s a n a k a n a u d it u n tu k m e m p e r o le h k e y a k in a n m e m a d a i te n ta n g a p a k a h la p o r a n k e u a n g a n k o n s o lid a s ia n b e b a s d a r i k e s a la h a n p e n y a jia n m a te r ia l.

  S u a tu a u d it m e lib a tk a n p e la k s a n a a n p r o s e d u r u n tu k m e m p e r o le h b u k ti a u d it te n ta n g a n g k a - a n g k a d a n p e n g u n g k a p a n d a la m la p o r a n k e u a n g a n . P r o s e d u r y a n g d ip ilih b e r g a n tu n g p a d a p e r tim b a n g a n a u d ito r , te r m a s u k p e n ila ia n a ta s r is ik o k e s a la h a n p e n y a jia n m a te r ia l d a la m la p o r a n k e u a n g a n , b a ik y a n g d is e b a b k a n o le h k e c u r a n g a n m a u p u n k e s a la h a n . D a la m m e l a k u k a n p e n ila ia n r is ik o te r s e b u t , a u d ito r m e m p e r tim b a n g k a n p e n g e n d a lia n in te r n a l y a n g r e le v a n d e n g a n p e n y u s u n a n d a n p e n y a jia n w a ja r la p o r a n k e u a n g a n e n tita s u n tu k m e r a n c a n g p r o s e d u r a u d it y a n g te p a t s e s u a i d e n g a n k o n d is in y a , te ta p i b u k a n u n tu k tu ju a n m e n y a ta k a n o p in i a ta s k e e fe k tiv ita s a n p e n g e n d a lia n in te r n a l e n tita s . S u a tu a u d i t ju g a m e n c a k u p p e n g e v a lu a s ia n a t a s k e te p a ta n k e b ija k a n a k u n ta n s i y a n g d ig u n a k a n d a n k e w a ja r a n e s tim a s i a k u n ta n s i y a n g d ib u a t o le h m a n a je m e n , s e r ta p e n g e v a lu a s ia n a ta s p e n y a jia n la p o r a n k e u a n g a n s e c a r a k e s e lu r u h a n .

  K a m i y a k in b a h w a b u k ti a u d it y a n g te la h k a m i p e r o le h a d a la h c u k u p d a n te p a t u n tu k m e n y e d ia k a n b a s is b a g i o p in i a u d it k a m i.

  T h e S h a r e h o ld e r s , C o m m is s io n e r a n d D ir e c t o r P T M u lt i I n d a c it r a T b k d a n E n t it a s A n a k W e h a v e a u d it e d t h e a c c o m p a n y in g c o n s o lid a t e d f in a n c ia l s t a t e m e n t s o f P T M u lt i I n d o c it r a T b k a n d it s S u b s id ia r ie s , w h ic h c o m p r is e t h e c o n s o lid a t e d s t a t e m e n t o f f in a n c ia l p o s it io n a s o f D e c e m b e r

  3 1 , 2 0 1 6 , a n d t h e c o n s o lid a t e d s t a t e m e n t o f p r o f it o r lo s s a n d o t h e r c o m p r e h e n S iv e in c o m e , c h a n g e s in e q u it y a n d c a s h flo w s f o r t h e y e a r t h e n e n d e d , a n d a s u m m a r y o f s ig n if ic a n t a c c o u n t i n g p o lic ie s a n d o t h e r e x p la n a t o r y in f o r m a t io n .

  M a n a g e m e n t ' s r e s p a n s ib ililt y f a r t h e c a n s a l i d a s ia n f in a n c ia l s t a t e m e n t s M a n a g e m e n t is r e s p o n s ib le f o r t h e p r e p a r a t io n a n d f a ir p r e s e n t a t i o n o f s u c h c o n s o lid a t e d f in a n c ia l s t a t e m e n t s in a c c o r d a n c e w it h I n d o n e s ia n F in a n c ia l A c c o u n t in g S t a n d a r d s , a n d f o r s u c h in t e r n a l c o n t r o l a s m a n a g e m e n t d e t e r m in e s is n e c e s s a r y t o e n a b le t h e p r e p a r a t io n o f c o n s o lid a t e d f in a n c ia l s t a t e m e n t s t h a t a r e f r e e f r o m m a t e r ia l m is s t a t e m e n t , w h e t h e r d u e t o f r a u d o r e r r o r .

  O u r r e s p o n s ib ilit y is t o e x p r e s s a n o p in io n o n s u c h c o n s o lid a t e d f in a n c ia l s t a t e m e n t s b a s e d o n o u r a u d it . W e c o n d u c t e d o u r a u d it in a c c o r d a n c e w it h S t a n d a r d s o n A u d it in g e s t a b lis h e d b y t h e I n d o n e s ia n I n s t it u t e o f C e r t if ie d P u b lic A c c o u n t a n t s . T h o s e s t a n d a r d s r e q u ir e t h a t w e c o m p ly w it h e t h ic a l r e q u ir e m e n t s a n d p la n a n d p e r f o r m t h e a u d it t o o b t a in r e a s o n a b le a s s u r a n c e a b o u t w h e t h e r s u c h c o n s o lid a t e d f in a n c ia l s t a t e m e n t s a r e f r e e f r o m m a t e r ia l m is s t a t e m e n t .

  A n a u d it in v o lv e s p e r f o r m in g p r o c e d u r e s t o o b t a in a u d it e v id e n c e a b o u t t h e a m o u n t s a n d d is c lo s u r e s in t h e f in a n c ia l s t a t e m e n t s . T h e p r o c e d u r e s s e le c t e d d e p e n d o n t h e a u d it o r s ' ju d g m e n t , in c lu d in g t h e a s s e s s m e n t o f t h e r is k s o f m a t e r ia l m is s t a t e m e n t o f t h e f in a n c ia l s t a t e m e n t s , w h e t h e r d u e t o f r a u d o r e r r o r . I n m a k in g t h o s e r is k a s s e s s m e n t s , t h e a u d it o r s c o n s id e r s in t e r n a l c o n t r o l r e le v a n t t o t h e e n t it y 's p r e p a r a t io n a n d f a ir p r e s e n t a t io n o f t h e f in a n c ia l s t a t e m e n t s in o r d e r t o d e s ig n a u d it p r o c e d u r e s t h a t a r e a p p r o p r ia t e in t h e c ir c u m s t a n c e s , b u t n o t f o r t h e p u r p o s e o f e x p r e s s in g a n o p in io n o n t h e e f f e c t iv e n e s s o f t h e e n t it y 's in t e r n a l c o n t r o l. A n a u d it a ls o in c lu d e s e v a lu a t in g t h e a p p r o p r ia t e n e s s o f a c c o u n t in g p o lic ie s u s e d a n d t h e r e a s o n a b le n e s s o f a c c o u n t in g e s t im a t e s m a d e b y m a n a g e m e n t , a s w e ll a s e v a lu a t i n g t h e o v e r a ll p r e s e n t a t io n o f t h e f in a n c ia l s t a t e m e n t s .

  W e b e lie v e t h a t t h e a u d it e v id e n c e w e h a v e o b t a in e d is s u f f ic ie n t a n d a p p r o p r ia t e t o p r o v id e a b a s is f o r o u r a u d it o p in io n .

  Richard Risambessy & Rekan Audit, Accounting Services, Management Services & Tax Services

M e n u r u t o p i n i k a m i , la p o r a n k e u a n g a n k o n s o lid a s ia n te r la m p ir I n o u r o p i n io n , t h e a c c o m p a n y in g c o n s o lid a t e d f in a n c ia l s t a t e m e n t s

m e n y a jik a n s e c a r a w a ja r , d a la m s e m u a h a l y a n g m a te r ia l , p o s is i p r e s e n t f a ir ly , in a ll m a t e r ia l r e s p e c t s , t h e c o n s o lid a t e d f in a n c ia l

k e u a n g a n k o n s o lid a s ia n P T M u lti In d o c itr a T b k d a n E n tita s p o s it io n o f P T M u lt i I n d o c it r a T b k a n d it s S u b s id ia r ie s a s o f

A n a k n y a ta n g g a l 3 1 D e s e m b e r 2 0 1 6 , s e r ta k in e r ja k e u a n g a n d a n D e c e m b e r 3 1 , 2 0 1 6 , a n d t h e ir c o n s o lid a t e d f in a n c ia l p e r f o r m a n c e

a r u s k a s k o n s o lid a s ia n n y a u n tu k ta h u n y a n g b e r a k h ir p a d a t a n g g a l a n d c a s h flo w s f o r t h e y e a r t h e n e n d e d , in a c c o r d a n c e w it h te r s e b u t s e s u a i , d e n g a n S ta n d a r A k u n ta n s i K e u a n g a n d i In d o n e s ia . I n d o n e s ia n F in a n c ia l A c c o u n t in g S t a n d a r d s .

  

L a p o r a n k e u a n g a n k o n s o l i d a s ia n P T M u lti In d o c i tr a T b k d a n E n tita s T h e c o n s o lid a t e d f in a n c ia l s t a t e m e n t s o f P T M u lt i I n d o c it r a T b k

A n a k ta n g g a l 3 1 D e s e m b e r 2 0 1 5 s e r ta u n tu k ta h u n y a n g b e r a k h ir a n d I t s S u b s id ia r ie s d a t e d D e c e m b e r 3 1 , 2 0 1 5 a n d f o r t h e y e a r

p a d a ta n g g a l te r s e b u t d ia u d it o le h a u d ito r in d e p e n d e n la in y a n g t h e n e n d e d w e r e a u d it e d b y o t h e r in d e p e n d e n t a u d it o r s w h o m e n y a ta k a n o p in i ta n p a m o d ifik a s ia n a ta s la p o r a n k e u a n g a n e x p r e s s e d u n m o d if ie d o p in io n o n s u c h f in a n c ia l s t a t e m e n t s o n te r s e b u t ta n g g a l 2 4 M a r e t 2 0 1 6 .

  M a r c h 2 4 , 2 0 1 6 . fJ b m m

  D r s . S mon sTh o ' l ' n b in R e g is tr a s i A k u n ta n P o f b lik J R e g is t e r e d u b lic A c c o u n t a n t N o . A P . 0 2 8

  7 Iz in U h a / F ir m 's L ic e n s e o . 3 7 6 1 K M . 1 1 2 0 0 8 a n d ju r is d ic t io n s o t h e r t h a n t h o s e in I n d o n e s ia . T h e s t a n d a r d s , p r o c e d u r e s a n d a c c o r d a n c e w it h a c c o u n t in g p r i n c ip le s a n d p r a c t ic e s g e n e r a lly a c c e p t e d in c o u n t r ie s f in a n c ia l p o s it io n a n d r e s u lt s o f o p e r a t io n s , c h a n g e s in e q u it y a n d c a s h f lo w s in T h e a c c o m p a n y in g c o n s o lid a t e d f in a n c ia l s t a t e m e n t s a r e n o t in t e n d e d p r e s e n t t h e to i n I n d o n e s i a . p r a c t ic e s a u d it s u c h f in a n c ia l s t a t e m e n t s a r e t h o s e g e n e r a lly a c c e p t e d a n d a p p lie d to

  

PT MULTI INDOCITRA Tbk DAN ENTITAS ANAK PT MULTI INDOCITRA Tbk AND SUBSIDIARIES

LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENT OF FINANCIAL POSITION

  

31 Desember 2016 December 31, 2016

(Disajikan dalam Rupiah, Kecuali Dinyatakan Lain) (Expressed in Rupiah, Unless Otherwise Stated) Catatan/

  

Notes 2016 2015

ASET

  ASSETS ASET LANCAR

CURRENT ASSETS

  

Kas dan setara kas 2c,2f,4,21,32 94.500.704.213 76.703.294.776 Cash and cash equivalents

Deposito berjangka 5 8.500.000.000 8.500.000.000 Time deposit Investasi saham 6 8.208.000.000 - Investment of shares Piutang usaha 2c,2g,7,13,32

  Trade receivables

Pihak berelasi 2d,33 4.731.692.996 6.273.411.703 Related parties

Pihak ketiga – setelah dikurangi

  Third parties - net of penyisihan penurunan nilai provision for piutang masing-masing sebesar impairment value of

  Rp1.780.901.822 pada Rp1,780,901,822 as of tanggal 31 Desember 2016 dan

  December 31, 2016 and Rp1.655.444.665 pada

  Rp1,655,444,665 as of

tanggal 31 Desember 2015 163.519.260.872 148.139.480.699 December 31, 2015

Piutang lain-lain 8.164.985.530 6.460.468.003 Other receivables

  Persediaan – setelah dikurangi Inventories – net of provision penyisihan persediaan of inventory obsolescence of usang sebesar Rp50.000.000

  Rp50,000,000 as of

pada tanggal 31 Desember 2015 2h,8,13,17 149.212.258.707 140.658.371.218 December 31, 2015

Pajak dibayar di muka

  30 6.279.411.448 6.117.682.046 Prepaid taxes Uang muka 9 19.613.047.819 12.381.771.355 Advanced payments

Biaya dibayar di muka 2i,10 5.875.307.736 3.349.478.908 Prepaid expenses

  

Jumlah Aset Lancar 468.604.669.321 408.583.958.708 Total Current Assets

ASET TIDAK LANCAR

  Taksiran tagihan pajak 30 771.572.689 8.932.571.860 Claim for tax refund

Aset pajak tangguhan 2s,30 13.920.742.326 11.251.488.519 Deferred tax assets

Aset tetap – setelah dikurangi

  Fixed asset – net of akumulasi penyusutan sebesar accumulated depreciation of

  Rp170.202.855.517 pada Rp170,202,855,517 as of

tanggal 31 Desember 2016 2j,2k,2p,11,13 December 31, 2016

(31 Desember 2015: 17,18,24,

  (December 31, 2015:

Rp147.486.403.907) 25,26 341.290.606.549 309.697.023.994 Rp147,486,403,907)

Aset tidak lancar lainnya 2m,12,13 24.024.528.954 23.056.791.866 Other non current assets

  

Jumlah Aset Tidak Lancar 380.007.450.518 352.937.876.239 Total Non-Current Assets

JUMLAH ASET 848.612.119.839 761.521.834.947 TOTAL ASSETS

  Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial merupakan bagian yang tidak terpisahkan statements form an integral part of these dari laporan keuangan konsolidasian secara keseluruhan. consolidated financial statements.

  PT MULTI INDOCITRA Tbk DAN ENTITAS ANAK PT MULTI INDOCITRA Tbk AND SUBSIDIARIES

LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENT OF FINANCIAL POSITION

(Lanjutan) (Continued)

31 Desember 2016

  December 31, 2016 (Disajikan dalam Rupiah, Kecuali Dinyatakan Lain) (Expressed in Rupiah, Unless Otherwise Stated)

  Catatan/

Notes 2016 2015

LIABILITAS DAN EKUITAS

  LIABILITIES AND EQUITY LIABILITAS JANGKA PENDEK

SHORT-TERM LIABILITIES

  2c,2n,7,8,

Utang bank jangka pendek 11,12,13,32 137.863.745.291 102.919.938.096 Short-term bank loans

Utang usaha 2c,2o,14,32

  Trade payables

Pihak berelasi 2d,33 7.185.573 6.127.190.786 Related party

Pihak ketiga 17.629.356.943 9.566.579.228 Third parties

  Utang pajak 30 9.038.528.743 4.897.435.543 Taxes payable Pendapatan ditangguhkan 21.750.003 Deferred income - Utang lain-lain 2c,15,32

  Other payables Pihak berelasi 2d,33 1.211.850.465 Related party -

Pihak ketiga 21.456.483.714 3.763.824.812 Third parties

  

Beban masih harus dibayar 2d,16,33 3.547.611.026 4.221.798.988 Accrued expenses

Uang muka pelanggan 32.205.382 32.205.382 Advances from customer

Bagian utang jangka panjang yang

  Current maturities of jatuh tempo dalam waktu satu tahun: long-term liabilities:

  2c,2n,7,

Utang bank 8,11,17,32 3.334.444.256 5.189.154.987 Bank loans

Utang pembiayaan konsumen 2p,11,18 2.111.822.834 1.695.275.472 Consumer financing obligation

Jumlah Liabilitas Jangka Pendek 196.254.984.230 138.413.403.294 Total Short-Term Liabilities

LIABILITAS JANGKA PANJANG

  Utang jangka panjang – setelah dikurangi bagian yang jatuh tempo Long-term liabilities – net of dalam waktu satu tahun: current maturities:

  2c,2n,7,

Utang bank 8,11,17,32 12.826.942.664 5.010.822.320 Bank loans

Utang pembiayaan konsumen 2p,11,18 1.512.301.152 2.266.012.287 Consumer financing obligation

Liabilitas imbalan paska-kerja 2q,24,25,31 37.204.543.576 31.859.341.565 Liability for post-employment benefits

  

Jumlah Liabilitas Jangka Panjang 51.543.787.392 39.136.176.172 Total Long-Term Liabilities

JUMLAH LIABILITAS 247.798.771.622 177.549.579.466 TOTAL LIABILITIES

EQUITY EKUITAS Ekuitas yang dapat diatribusikan

  Equity attributable to owners kepada pemilik entitas induk of the parent company

  Modal saham - nilai nominal Capital stock - par value of

  Rp100 per saham Rp100 per share

  Modal dasar - 2.000.000.000 saham Authorized - 2,000,000,000 shares

  Modal ditempatkan dan disetor Issued and fully paid - penuh - 600.000.000 saham 19 60.000.000.000 60.000.000.000 600,000,000 shares

Modal saham yang diperoleh kembali 2u,20 ( 457.700.000) ( 332.700.000) Treasury stocks

  Tambahan modal disetor, bersih 21 35.781.367.917 36.133.582.317 Additional paid-in capital, net

Surplus revaluasi 2j,11 76.916.855.764 76.916.855.764 Revaluation surplus

Selisih transaksi perubahan ekuitas

  Difference arising from changes

Entitas Anak 2j,11 84.574.344.272 85.906.157.165 in equity of Subsidiary

Penghasilan komprehensif lain ( 907.847.270) ( 899.137.813) Other comprehensive income

  Aset keuangan tersedia untuk dijual 6 ( 768.000.000) Available for sale financial assets - Saldo laba Retained earning

  Yang telah ditentukan penggunaannya 22 12.000.000.000 - Appropriated Yang belum ditentukan

penggunaannya 279.668.379.161 270.919.362.288 Unappropriated

546.807.399.844 528.644.119.721

  

Kepentingan non pengendali 2b 54.005.948.373 55.328.135.760 Non-controlling interests

JUMLAH EKUITAS 600.813.348.217 583.972.255.481 TOTAL EQUITY

JUMLAH LIABILITAS DAN EKUITAS 848.612.119.839 761.521.834.947 TOTAL LIABILITIES AND EQUITY

  Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial merupakan bagian yang tidak terpisahkan statements form an integral part of these dari laporan keuangan konsolidasian secara keseluruhan. consolidated financial statements.

  

PT MULTI INDOCITRA Tbk DAN ENTITAS ANAK PT MULTI INDOCITRA Tbk AND SUBSIDIARIES

LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT OF PROFIT OR LOSS

KOMPREHENSIF LAIN KONSOLIDASIAN AND OTHER COMPREHENSIVE INCOME Untuk Tahun Yang Berakhir Pada Tanggal For The Year Ended

  

31 Desember 2016 December 31, 2016

(Expressed in Rupiah, unless otherwise stated)

  (Disajikan dalam Rupiah, kecuali dinyatakan lain) Catatan/

Notes 2016 2015

  2d,2r,23,33 641.282.717.147 555.215.582.347 NET SALES PENJUALAN BERSIH

  2d,2r,11,24,31,33 290.273.623.935 255.591.183.350 COST OF GOODS SOLD BEBAN POKOK PENJUALAN

  351.009.093.212 299.624.398.997 GROSS PROFIT LABA BRUTO Beban penjualan, umum

  Selling, general and

dan administrasi 2d,2r,11,25,31,33 ( 306.664.638.997) ( 263.898.829.238) administrative expenses

Pendapatan operasi lainnya 2c,11,26 13.580.571.036 12.754.601.659 Other operating income

  

Beban operasi lainnya 2c,27 ( 1.278.771.123) ( 3.431.496.798) Other operating expenses

LABA USAHA 56.646.254.128 45.048.674.620

  INCOME FROM OPERATIONS Pendapatan keuangan 28 1.462.459.750 995.350.589 Finance income Beban keuangan

  29 ( 13.667.611.554) ( 8.388.021.296) Finance charges

  INCOME BEFORE LABA SEBELUM BEBAN PAJAK PENGHASILAN 44.441.102.324 37.656.003.913

   INCOME TAX EXPENSE BEBAN PAJAK PENGHASILAN 2s,30 ( 20.201.533.509) ( 11.364.662.974)

   INCOME TAX EXPENSE

LABA BERSIH 24.239.568.815 26.291.340.939 NET INCOME

PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME

  Pos-pos yang akan Items that will be direklasifikasi ke laba rugi: reclassified to profit or loss:

  

Surplus revaluasi 2j,11 ( 360.007.111) 42.298.153.251 Revaluation surplus

Aset keuangan Available for sale tersedia untuk dijual ( 768.000.000) financial assets - Pos-pos yang tidak akan

  Items that will not be direklasifikasi ke laba rugi: reclassified to profit or loss:

  Pengukuran kembali liabilitas Remeasurement of defined imbalan pasti 31 ( 1.585.181.163) ( 2.995.458.193) benefit liability Pajak penghasilan terkait

  30 396.295.292 578.880.480 Related income tax

LABA KOMPREHENSIF 21.922.675.833 66.172.916.477 COMPREHENSIVE INCOME

JUMLAH LABA BERSIH YANG DAPAT

  TOTAL NET INCOME ATTRIBUTABLE TO: YANG DIATRIBUSIKAN KEPADA:

Pemilik entitas induk 20.749.016.873 23.344.376.122 Equity holders of the parent company

Kepentingan non pengendali 2b 3.490.551.942 2.946.964.817 Non controlling interest

  24.239.568.815 26.291.340.939 TOTAL JUMLAH JUMLAH LABA KOMPREHENSIF YANG

  TOTAL COMPREHENSIVE DAPAT DIATRIBUSIKAN KEPADA:

  INCOME ATTRIBUTABLE TO:

Pemilik entitas induk 18.640.494.523 63.128.786.390 Equity holders of the parent company

Kepentingan non pengendali 2b 3.282.181.310 3.044.130.087 Non controlling interest

  21.922.675.833 66.172.916.477 TOTAL JUMLAH

LABA BERSIH PER SAHAM DASAR 2v 34,85 39,12 BASIC EARNINGS PER SHARE

  Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial merupakan bagian yang tidak terpisahkan statements form an integral part of these dari laporan keuangan konsolidasian secara keseluruhan. consolidated financial statements.

  The original financial statements included herein are in the Indonesian language.

  Dividend paid

Entitas Anak - - - - - - - - - - ( 4.851.230.552 ) ( 4.851.230.552 ) by Subsidiaries

Kepentingan non

  

31 Desember 2015 60.000.000.000 ( 332.700.000 ) 36.133.582.317 76.916.855.764 ( 899.137.813 ) 85.906.157.165 - - 270.919.362.288 528.644.119.721 55.328.135.760 583.972.255.481 December 31, 2015

Laba bersih tahun 2016 - - - - - - - - 20.749.016.873 20.749.016.873 3.490.551.942 24.239.568.815 Net income in 2016

Pengukuran kembali

  11 - - - 17.041.242.067 - 25.256.905.478 - - - 42.298.147.545 5.706 42.298.153.251 Revaluation surplus Saldo Balance as of

  Reclassification of revaluation Reklasifikasi surplus surplus to revaluasi ke saldo laba 11 - - - ( 1.743.675.000 ) - - - - 1.743.675.000 - - - retained earnings Surplus revaluasi

  Pengukuran kembali Remeasurement of atas liabilitas defined benefit

imbalan pasti - bersih - - - - ( 2.719.745.092 ) 206.007.815 - - - ( 2.513.737.277 ) 97.159.564 ( 2.416.577.713 ) liability - net

  Entitas Anak yang established

baru didirikan - - - - - - - - - - 1.000.000 1.000.000 Subsidiary

Laba bersih tahun 2015 - - - - - - - - 23.344.376.122 23.344.376.122 2.946.964.817 26.291.340.939 Net income in 2015

  Non controlling pengendali untuk interest in new

  

Saldo 1 Januari 2015 60.000.000.000 ( 332.700.000 ) 36.133.582.317 61.619.288.697 1.820.607.279 60.443.243.872 - - 251.798.041.166 471.482.063.331 57.134.236.225 528.616.299.556 January 1, 2015

Dividen 22 - - - - - - - - ( 5.966.730.000 ) ( 5.966.730.000 ) - ( 5.966.730.000 ) Dividend Dividen yang dibagikan

  Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.

  

Catatan/ Issued and fully saham beredar/ Additional paid-in Revaluation comprehensive in equity of sale financial penggunaannya/ penggunaannya/ the parent Non controling Jumlah Ekuitas/

Notes paid share capital Treasury stock capital surplus income Subsidiary assets Appropriated Unappropriated company interest Total Equity Balance as of

  Penghasilan Perubahan ekuitas Aset keuangan kepada pemilik Modal saham komprehensif Entitas Anak/ tersedia Saldo laba/ Retained earnings entitas induk/

ditempatkan dan Perolehan Tambahan modal lain/ Difference arising untuk dijual/ Equity attributable Kepentingan

disetor penuh/ kembali disetor/ Surplus revaluasi/ Other from changes Available for Telah ditentukan Belum ditentukan to owners of non pengendali/

  For The Year Ended December 31, 2016 (Expressed in Rupiah, Unless Otherwise Stated) Ekuitas yang Selisih transaksi dapat diatribusikan

  LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN Untuk Tahun Yang Berakhir Pada Tanggal 31 Desember 2016 (Disajikan dalam Rupiah, Kecuali Dinyatakan Lain) PT MULTI INDOCITRA Tbk AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

  4 PT MULTI INDOCITRA Tbk DAN ENTITAS ANAK

  The accompanying consolidated notes to the financial statements form an integral part of these consolidated financial statements.

  Remeasurement of atas liabilitas defined benefit

imbalan pasti - bersih - - - - ( 8.709.457 ) ( 971.805.863 ) - - - ( 980.515.320 ) ( 208.370.551 ) ( 1.188.885.871 ) liability - net

  The original financial statements included herein are in the Indonesian language.

  Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.

  The accompanying consolidated notes to the financial statements form an integral part of these consolidated financial statements.

  5 PT MULTI INDOCITRA Tbk DAN ENTITAS ANAK

  LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN Untuk Tahun Yang Berakhir Pada Tanggal 31 Desember 2016 (Disajikan dalam Rupiah, Kecuali Dinyatakan Lain) PT MULTI INDOCITRA Tbk AND SUBSIDIARIES

  CONSOLIDATED STATEMENT OF CHANGES IN EQUITY For The Year Ended December 31, 2016 (Expressed in Rupiah, Unless Otherwise Stated)

  Ekuitas yang Selisih transaksi dapat diatribusikan Penghasilan Perubahan ekuitas Aset keuangan kepada pemilik Modal saham komprehensif Entitas Anak/ tersedia Saldo laba/ Retained earnings entitas induk/

ditempatkan dan Perolehan Tambahan modal lain/ Difference arising untuk dijual/ Equity attributable Kepentingan

disetor penuh/ kembali disetor/ Surplus revaluasi/ Other from changes Available for Telah ditentukan Belum ditentukan to owners of non pengendali/

  

Catatan/ Issued and fully saham beredar/ Additional paid-in Revaluation comprehensive in equity of sale financial penggunaannya/ penggunaannya/ the parent Non controling Jumlah Ekuitas/

Notes paid share capital Treasury stock capital surplus income Subsidiary assets Appropriated Unappropriated company interest Total Equity Surplus revaluasi 11 - - - - - ( 360.007.030 ) - - - ( 360.007.030 ) ( 81 ) ( 360.007.111 ) Revaluation surplus Rugi bersih investasi

  Net unrealized loss saham yang belum from investment direalisasikan 6 - - - - - - ( 768.000.000 ) - - ( 768.000.000 ) - ( 768.000.000 ) of shares Dividen yang dibagikan

  Dividend paid

Entitas Anak - - - - - - - - - - ( 4.606.702.033 ) ( 4.606.702.033 ) by Subsidiaries

Uang muka

  Advances for penyertaan pada investment

  

Entitas Anak - - - - - - - - - - 2.333.336 2.333.336 in Subsidiary

Reklasifikasi Reclassification of saldo laba 22 - - - - - - - 12.000.000.000 ( 12.000.000.000 ) - - - retained earnings Tambahan

  Additional modal disetor 21 - - 130.801.850 - - - - - - 130.801.850 - 130.801.850 paid-in capital Perolehan kembali saham beredar 20 - ( 125.000.000 ) ( 483.016.250 ) - - - - - - ( 608.016.250 ) - ( 608.016.250 ) Treasury stock Saldo

  Balance as of

31 Desember 2016 60.000.000.000 ( 457.700.000 ) 35.781.367.917 76.916.855.764 ( 907.847.270 ) 84.574.344.272 ( 768.000.000 ) 12.000.000.000 279.668.379.161 546.807.399.844 54.005.948.373 600.813.348.217 December 31, 2016

  PT MULTI INDOCITRA Tbk DAN ENTITAS ANAK PT MULTI INDOCITRA Tbk AND SUBSIDIARIES

LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CASH FLOWS

Untuk Tahun Yang Berakhir Pada Tanggal For The Year Ended

  

31 Desember 2016 December 31, 2016

(Disajikan dalam Rupiah, Kecuali Dinyatakan Lain) (Expressed in Rupiah, Unless Otherwise Stated) Catatan/

  

Notes 2016 2015

ARUS KAS DARI AKTIVITAS

  CASH FLOWS FROM OPERATING OPERASI ACTIVITIES

Penerimaan dari pelanggan 627.466.405.684 561.693.854.093 Receipts from customers

  

Penerimaan bunga 1.462.459.750 995.350.589 Receipts of interest

Pembayaran kepada pemasok ( 280.958.751.026) ( 256.787.582.561) Payment to suppliers

Payments of operating

  Pembayaran beban usaha dan lainnya ( 277.077.295.394) ( 289.931.845.890) expense and other

Pembayaran bunga ( 13.667.611.554) ( 8.388.021.296) Payments of interest

Pembayaran pajak penghasilan badan ( 11.233.336.695) ( 13.803.554.138) Payments of corporate income tax

Kas bersih diperoleh dari

  Net cash provided by

(digunakan untuk) aktivitas operasi 45.991.870.765 ( 6.221.799.203) (used in) operating activities

  ARUS KAS DARI AKTIVITAS CASH FLOWS FROM INVESTING

  INVESTASI ACTIVITIES Hasil penjualan aset tetap

  11 504.466.318 842.837.690 Proceeds from sale of fixed assets

Penambahan aset tetap 11,38 ( 52.276.400.192) ( 27.989.379.291) Addition of fixed assets

Perolehan investasi saham 6 ( 8.976.000.000) - Acquisition of nvestment of shares Kas bersih yang digunakan untuk

  Net cash used in

aktivitas investasi ( 60.747.933.874) ( 27.146.541.601) investing activities

  ARUS KAS DARI AKTIVITAS CASH FLOWS FROM FINANCING PENDANAAN

  ACTIVITIES Penambahan utang bank Addition in

jangka pendek 34.943.807.195 53.637.392.308 short-term bank loans

Penerimaan utang bank jangka panjang 11.720.000.000 4.504.735.093 Receipt of long-term bank loan

  • Penerimaan tambahan modal disetor 130.801.850 Receipt of additional paid-in capital Uang muka penyertaan saham

  Advances of investment dari non pengendali 2.333.336 by non controling interest -

Pembayaran utang bank jangka panjang ( 5.758.590.387) ( 8.615.064.542) Payment for long-term bank loan

  Dividen kepada kepentingan Dividend to

non pengendali ( 4.606.702.033) ( 4.851.230.552) non controlling interest

  Payment for

Pembayaran utang pembiayaan konsumen ( 2.490.163.773) ( 2.899.118.019) consumer financing obligation

Pembelian kembali saham beredar

  • ( 608.016.250) Purchase treasury stock Kepentingan non pengendali

  Non controlling interest from dari aset bersih Entitas Anak net assets of new

  • yang baru didirikan

  1.000.000 established Subsidiary

  • Pembayaran dividen

  ( 5.966.730.000) Payment of dividends Kas bersih diperoleh dari Net cash provided by

aktivitas pendanaan 33.333.469.938 35.810.984.288 financing activities

  KENAIKAN BERSIH NET INCREASE IN

KAS DAN SETARA KAS 18.577.406.829 2.442.643.484 CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS AWAL TAHUN 76.703.294.776 71.314.734.050 AT BEGINNING OF YEAR

EFFECT OF EXCHANGE RATE CHANGES ON DAMPAK PERUBAHAN SELISIH KURS

  

TERHADAP KAS DAN SETARA KAS ( 779.997.392) 2.945.917.242 CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS KAS DAN SETARA KAS AKHIR TAHUN

  4 94.500.704.213 76.703.294.776 AT END OF YEAR KAS DAN SETARA KAS

  CASH AND CASH EQUIVALENTS AKHIR TAHUN TERDIRI DARI :

  AT END OF YEAR CONSIST OF:

Kas dan bank 85.000.704.213 75.203.294.776 Cash and banks

Deposito berjangka 9.500.000.000 1.500.000.000 Time deposits

Jumlah 94.500.704.213 76.703.294.776 Total

  Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial merupakan bagian yang tidak terpisahkan statements form an integral part of these dari laporan keuangan konsolidasian secara keseluruhan. consolidated financial statements.

  PT MULTI INDOCITRA Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Pada Tanggal 31 Desember 2016 Dan Untuk Tahun Yang Berakhir Pada Tanggal

  PT MULTI INDOCITRA Tbk AND SUBSIDIARIES CONSOLIDATED NOTES TO THE FINANCIAL STATEMENTS As of December 31, 2016 And

31 Desember 2016 (Disajikan dalam Rupiah, Kecuali Dinyatakan Lain)

1. UMUM

a. Pendirian Perusahaan

b. Penawaran Umum Efek Perusahaan

  22 September 2015/ Penjualan retail produk bayi/ January 2016 September 22, 2015 Retail sales of baby’s products

  PT Citra Makmur Ritailindo Jakarta 99,97% 17.614 3.631 Januari 2016/

  3 Nopember 1993/ Memproduksi kosmetik untuk January 1984 November 3, 1993 bayi dengan merk “Pigeon”/ Manufacturing baby’s cosmetic with “Pigeon” brand

  Pemilikan langsung/ Directly owned PT Multielok Cosmetic (MEC) Serang 99,99% 237.905 235.261 Januari 1984/

  31 Desember komersial/ Entitas Anak/ Kepemilikan/ 2016/ 2015/ Commercial Subsidiaries Domisili/ Percentage December 31, December 31, operation acquisition Kegiatan usaha/ Entitas Anak/Subsidiaries Domicile of ownership 2016 2015 date date Scope of activities

  As of Desember 31, 2016 and 2015, the Company has Subsidiaries with details as follows: Jumlah aset (Jutaan Rupiah)/ Total asset (Million of Rupiah) Tanggal Tanggal operasi perolehan Persentase

  Pada tanggal 31 Desember 2016 dan 2015, Perusahaan memiliki Entitas Anak, dengan rincian sebagai berikut :

  c. The Company’s and Subsidiaries’s Structure

  The Company received the effective statement from the Capital Market Supervisory Board (BAPEPAM) with Letter No. S-3350/PM/2005 dated December 9, 2005 for the Initial Public Offering (IPO) of its 100,000,000 shares with par value of Rp100 per share with a public offering price of Rp490 per share on December 21, 2005 all of the Company’s shares have been listed on the Indonesia Stock Exchange (BEI).

  Perusahaan telah mendapatkan pernyataan efektif dari Ketua Badan Pengawas Pasar Modal (BAPEPAM) dengan Surat No. S-3350/PM/2005 pada tanggal 9 Desember 2005 untuk melakukan penawaran umum (Initial Public Offering atau IPO) atas 100.000.000 saham dengan nilai nominal Rp100 per saham kepada masyarakat dengan harga penawaran sebesar Rp490 per saham. Pada tanggal 21 Desember 2005 seluruh saham Perusahaan tersebut telah tercatat di Bursa Efek Indonesia (BEI).

  b. The Company’s Public Offering

  The Company’s domicile is at Jl. Gajah Mada No. 188, West Jakarta, with branch offices in Surabaya, East Java.

  Perusahaan berkedudukan di Jl. Gajah Mada No. 188, Jakarta Barat dengan cabang di Surabaya, Jawa Timur.

  The Company is engaged in general trading of commercial baby’s products and health care and cosmetics products. The Company commenced its operations in 1990.

  Perusahaan bergerak dalam bidang perdagangan umum atas barang-barang konsumsi perlengkapan bayi dan produk perawatan kesehatan dan kosmetik. Perusahaan memulai produksi komersialnya pada tahun 1990.

  The Articles of Association have been amended several times, most recently by notarial deed F.X. Budi Santoso Isbandi, SH No. 56 dated May 29, 2012 concerning changes in the Company’s domicile. This deed was approved by the Ministry of Law and Human Rights of Republic of Indonesia in its Letter No.AHU-43239.AH.01.02.Tahun 2012 dated August 9, 2012.

  Anggaran dasar Perusahaan telah mengalami beberapa kali perubahan, terakhir berdasarkan akta notaris F.X. Budi Santoso Isbandi, SH No. 56 tanggal 29 Mei 2012 sehubungan dengan perubahan domisili Perusahaan. Akta perubahan tersebut telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. AHU-43239.AH.01.02.Tahun 2012 tanggal 9 Agustus 2012.

  PT Multi Indocitra Tbk (The Company) was established based on notarial deed No. 52 of Esther Daniar Iskandar, SH dated January 11, 1990. The deed of establishment was approved by the Minister of Justice of the Republic of Indonesia in its Decision Letter No. C2-7745.HT.01.01.Th.91 dated December 16, 1991.

  PT Multi Indocitra Tbk (Perusahaan) didirikan berdasarkan akta notaris Esther Daniar Iskandar, SH No. 52 tanggal 11 Januari 1990. Akta Pendirian Perusahaan disahkan oleh Menteri Kehakiman Republik Indonesia dalam Surat Keputusan No. C2-7745.HT.01.01.Th.91 tanggal 16 Desember 1991.

  a. The Company’s Establishment

  1. GENERAL

  For The Year Ended December 31, 2016 (Expressed in Rupiah, Unless Otherwise Stated)

c. Struktur Perusahaan dan Entitas Anak

31 Desember

  PT MULTI INDOCITRA Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (Lanjutan) Pada Tanggal 31 Desember 2016 Dan Untuk Tahun Yang Berakhir Pada Tanggal

  PT MULTI INDOCITRA Tbk AND SUBSIDIARIES CONSOLIDATED NOTES TO THE FINANCIAL STATEMENTS (Continued) As of December 31, 2016 And

  For The Year Ended December 31, 2016 (Expressed in Rupiah, Unless Otherwise Stated)