March 31, 2017 & 2016 (in English & Bahasa)
PT INDOPOLY SWAKARSA
INDUSTRY Tbk
DAN ENTITAS ANAK
Laporan Keuangan Konsolidasian
Per 31 Maret 2017 (Tidak Diaudit) dan
31 Desember 2016 (Diaudit) dan
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016 (Tidak Diaudit)
Draft/April 28, 2017
PT INDOPOLY SWAKARSA
INDUSTRY Tbk
AND SUBSIDIARIES
Consolidated Financial Statements
As of March 31, 2017 (Unaudited) and
December 31, 2016 (Audited) and
For Three Months Periods Ended
March 31, 2017 and 2016 (Unaudited)
signed: ____
PT INDOPOLY SWAKARSA
INDUSTRY Tbk
DAN ENTITAS ANAK
Daftar Isi
PT INDOPOLY SWAKARSA
INDUSTRY Tbk
AND SUBSIDIARIES
Halaman/
Pages
Table of Contents
Surat Pernyataan Direksi
Laporan Auditor Independen
Directors’ Statement Letter
Independent Auditors’ Report
Laporan Keuangan Konsolidasian
Per 31 Maret 2017 (Tidak Diaudit) dan
31 Desember 2016 (Diaudit) dan
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016 (Tidak Diaudit)
an
Laporan Posisi Keuangan Konsolidasian
)
Consolidated Financial Statements
As of March 31, 2017 (Unaudited) and
December 31, 2016 (Audited) and
For Three Months Periods Ended
March 31, 2017 and 2016 (Unaudited)
1-2
Consolidated Statements of Financial Position
Laporan Laba Rugi dan
Penghasilan Komprehensif Lain Konsolidasian
3
Consolidated Statements of Profit or Loss and
Other Comprehensive Income
Laporan Perubahan Ekuitas Konsolidasian
4
Consolidated Statements of Changes in Equity
Laporan Arus Kas Konsolidasian
5
Consolidated Statements of Cash Flows
Catatan atas Laporan Keuangan Konsolidasian
Draft/April 28, 2017
6-72
Notes to Consolidated Financial Statements
signed: ____
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
LAPORAN POSISI KEUANGAN
KONSOLIDASIAN
Per 31 Maret 2017 dan 31 Desember 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
ASET
ASET LANCAR
Kas dan Bank
Piutang Usaha
Pihak Berelasi
Pihak Ketiga
Piutang Lain-lain
Pihak Berelasi
Pihak Ketiga
Persediaan
Pajak Dibayar di Muka
Biaya Dibayar di Muka
Aset Lancar Lainnya
Total Aset Lancar
ASET TIDAK LANCAR
Aset Tetap
Aset Takberwujud
Aset Tidak Lancar Lainnya
Total Aset Tidak Lancar
TOTAL ASET
Catatan/
Notes
3, 29
4, 29
27
5, 29
27
6
28
7
8
9
10, 29
CONSOLIDATED STATEMENTS OF
FINANCIAL POSITION
As of March 31, 2017 and December 31, 2016
(In Full USD, unless otherwise stated)
31 Mar. 2017/
Mar. 31, 2017
USD
ASSETS
12,233,664
13,516,650
1,689,444
39,542,303
2,498,635
41,916,157
123,604
1,623,620
23,793,852
3,458,124
1,995,863
5,049,170
89,509,644
86,990
1,534,270
22,905,204
3,206,589
511,413
4,966,209
91,142,117
CURRENT ASSETS
Cash on Hand and in Banks
Trade Receivables
Related Parties
Third Parties
Other Receivables
Related Parties
Third Parties
Inventories
Prepaid Taxes
Prepaid Expenses
Other Current Assets
Total Current Assets
189,484,599
2,776,023
92,923
192,353,545
188,858,978
2,801,428
91,881
191,752,287
NON CURRENT ASSETS
Fixed Assets
Intangible Assets
Other Non Current Assets
Total Non Current Assets
281,863,189
282,894,404
TOTAL ASSETS
Catatan terlampir merupakan bagian yang tidak terpisahkan dari
laporan keuangan konsolidasian secara keseluruhan
Draft/April 28, 2017
31 Des. 2016/
Dec. 31, 2016
USD
The accompanying notes form an integral part of these
consolidated financial statements
1
signed: ____
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
LAPORAN POSISI KEUANGAN
KONSOLIDASIAN (Lanjutan)
Per 31 Maret 2017 dan 31 Desember 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
LIABILITAS DAN EKUITAS
LIABILITAS JANGKA PENDEK
Utang Bank Jangka Pendek
Utang Usaha - Pihak Ketiga
Utang Lain-lain - Pihak Ketiga
Utang Pajak
Beban Akrual
Bagian Liabilitas Jangka Panjang yang
Jatuh Tempo Satu Tahun:
Utang Bank
Utang Pembiayaan Konsumen
Liabilitas Imbalan Kerja Jangka Pendek
Total Liabilitas Jangka Pendek
LIABILITAS JANGKA PANJANG
Liabilitas Jangka Panjang Setelah
Dikurangi Bagian Jatuh Tempo
Dalam Satu Tahun:
Utang Bank
Utang Pembiayaan Konsumen
Liabilitas Imbalan Kerja Jangka Panjang
Liabilitas Pajak Tangguhan
Total Liabilitas Jangka Panjang
Total Liabilitas
EKUITAS
Ekuitas yang Dapat Diatribusikan
kepada Pemilik Entitas Induk
Modal Saham - Nilai Nominal
Rp 100 (angka penuh)
Modal Dasar - 16.561.280.000 saham
Modal Ditempatkan dan Disetor Penuh 6.443.379.509 saham
Tambahan Modal Disetor
Pendapatan Komprehensif Lain Selisih Kurs karena Penjabaran
Laporan Keuangan
Saldo Laba
Total Ekuitas yang Dapat Diatribusikan
kepada Pemilik Entitas Induk
Kepentingan Non - Pengendali
Total Ekuitas
TOTAL LIABILITAS DAN EKUITAS
Catatan/
Notes
CONSOLIDATED STATEMENTS OF
FINANCIAL POSITION (Continued)
As of March 31, 2017 and December 31, 2016
(In Full USD, unless otherwise stated)
31 Mar. 2017/
31 Des. 2016/
Mar. 31, 2017
USD
Dec. 31, 2016
USD
11, 29
12, 29
13, 29
28
14
70,596,529
9,454,223
575,501
1,324,750
3,236,575
72,797,228
9,852,110
506,061
985,728
3,135,053
15, 29
16
7,448,493
65,156
233,016
92,934,243
7,659,634
64,598
25,502
95,025,914
CURRENT LIABILITIES
Short Term Bank Loans
Trade Payables - Third Parties
Other Payables - Third Parties
Taxes Payable
Accrued Expenses
Current Portion of Long Term
Liabilities:
Bank Loans
Customer Financing Payables
Short Term Employee Benefits Liabilities
Total Current Liabilities
20,236,568
20,640
3,331,833
8,323,673
31,912,714
126,938,628
NON CURRENT LIABILITIES
Long Term Liabilities
Net of
Current Portion:
Bank Loans
Customer Financing Payables
Long Term Employee Benefits Liabilities
Deferred Tax Liabilities
Total Non Current Liabilities
Total Liabilities
15, 29
16
17
28
20,265,206
4,843
3,443,089
8,406,360
32,119,498
125,053,741
19
20
72,874,753
23,427,408
72,874,753
23,427,408
19
(6,392,606)
61,222,669
(6,645,306)
60,730,215
151,132,224
5,677,224
156,809,448
150,387,070
5,568,706
155,955,776
EQUITY
Equity Attributable
to Owners of the Parent
Capital Stock - Par Value
Rp 100 (full amount)
Authorized Capital - 16,561,280,000 shares
Issued and Fully Paid 6,443,379,509 shares
Additional Paid - in Capital
Other Comprehensive Income Currency Translation
Adjustments
Retained Earnings
Total Equity Attributable
to Owners of the Parent
Non - Controlling Interest
Total Equity
281,863,189
282,894,404
TOTAL LIABILITIES AND EQUITY
18
Catatan terlampir merupakan bagian yang tidak terpisahkan dari
laporan keuangan konsolidasian secara keseluruhan
Draft/April 28, 2017
LIABILITIES AND EQUITY
The accompanying notes form an integral part of these
consolidated financial statements
2
signed: ____
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
LAPORAN LABA RUGI DAN
PENGHASILAN KOMPREHENSIF LAIN
KONSOLIDASIAN
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
Catatan/
Notes
CONSOLIDATED STATEMENTS OF
PROFIT OR LOSS AND
OTHER COMPREHENSIVE INCOME
For Three Months Periods Ended
March 31, 2017 and 2016
(In Full USD, unless otherwise stated)
31 Mar. 2017/
Mar. 31, 2017
USD
31 Mar. 2016/
Mar. 31, 2016
USD
PENJUALAN
21
47,985,773
46,506,898
SALES
BEBAN POKOK PENJUALAN
22
39,089,060
36,457,318
COST OF GOODS SOLD
8,896,713
10,049,580
GROSS PROFIT
(7,033,415)
297,913
(2,091)
(6,794,801)
95,053
(7,499)
Operating Expenses
Other Income
Other Expenses
2,159,120
3,342,333
OPERATING INCOME
(1,317,633)
(1,399,350)
Finance Cost
841,487
1,942,983
INCOME BEFORE INCOME TAX
(153,028)
(91,504)
(379,286)
(376,067)
INCOME TAX EXPENSES
Current Tax
Deferred Tax
596,955
1,187,630
INCOME FOR THE PERIOD
LABA BRUTO
Beban Usaha
Pendapatan Lain-lain
Beban Lain-lain
23
24
24
LABA USAHA
Beban Keuangan
25
LABA SEBELUM PAJAK PENGHASILAN
BEBAN PAJAK PENGHASILAN
Pajak Kini
Pajak Tangguhan
28
28
LABA PERIODE BERJALAN
PENGHASILAN KOMPREHENSIF LAIN
Pos yang Tidak akan Direklasifikasi
ke Laba Rugi:
Pengukuran Kembali atas Program
Imbalan Kerja
Pajak Penghasilan Terkait
17
28
Pos yang akan Direklasifikasi
ke Laba Rugi:
Selisih Kurs karena Penjabaran
Laporan Keuangan
(275,880)
(35,269)
8,817
(59,742)
14,936
Item that May be Reclassified
Subsequently to Profit or Loss:
283,169
Rugi Komprehensif Lain Setelah Pajak
TOTAL LABA (RUGI) KOMPREHENSIF
PERIODE BERJALAN
Total Laba Periode Berjalan yang Dapat
Diatribusikan kepada:
Pemilik Entitas Induk
Kepentingan Non - Pengendali
(26,452)
18
259,602
256,717
214,796
853,672
1,402,426
518,906
78,049
596,955
1,060,582
127,048
1,187,630
Total Laba (Rugi) Komprehensif yang Dapat
Diatribusikan kepada:
Pemilik Entitas Induk
Kepentingan Non - Pengendali
18
745,154
108,518
853,672
1,247,445
154,981
1,402,426
LABA PER SAHAM DASAR
26
0.0001
0.0002
Catatan terlampir merupakan bagian yang tidak terpisahkan dari
laporan keuangan konsolidasian secara keseluruhan
Draft/April 28, 2017
OTHER COMPREHENSIVE INCOME
Item that Will Not be Reclassified
to Profit or Loss:
Remeasurement on Employee
Benefits Program
Related Income Tax
Currency Translation Adjustments
Other Comprehensive Loss After Tax
TOTAL COMPREHENSIVE INCOME (LOSS)
FOR THE PERIOD
Total Income for The Period
Attributable to:
Owners of the Parent
Non - Controlling Interest
Total Comprehensive Income (Loss)
Attributable to:
Owners of the Parent
Non - Controlling Interest
BASIC EARNINGS PER SHARE
The accompanying notes form an integral part of these
consolidated financial statements
3
signed: ____
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
For Three Months Periods Ended
March 31, 2017 and 2016
(In Full USD, unless otherwise stated)
Ekuitas yang Dapat Diatribusikan kepada Pem ilik Entitas Induk/ Equity Attributable to Owners of the Parent
Pendapatan
Komprehensif
Kepentingan
Total
Lain/
Other
Total Ekuitas/
Total Equity
Interest
Comprehensive
Income
Selisih Kurs
Saldo Laba/
Karena Penjabaran
Retained Earnings
Modal Saham/
Tambahan
Modal Disetor/
Additonal
Catatan/
Capital Stock
Paid - in Capital
Adjustments
Appropriated
Unappr opriated
Notes
USD
USD
USD
USD
USD
SALDO PER 31 DESEMBER 2015
Non - Pengendali/
Non - Controlling
Laporan Keuangan/
Curr ency
Translation
Telah
Ditentukan
Penggunaannya/
Belum
Ditentukan
Penggunaannya/
USD
USD
72,874,753
23,427,408
(3,611,630)
373,817
54,632,531
--
--
--
--
1,060,582
1,060,582
--
--
231,669
--
(44,806)
186,863
--
--
231,669
--
1,015,776
1,247,445
154,981
1,402,426
SALDO PER 31 MARET 2016
72,874,753
23,427,408
(3,379,961)
373,817
55,648,307
148,944,324
5,658,990
154,603,314
SALDO PER 31 DESEMBER 2016
72,874,753
23,427,408
(6,645,306)
473,817
60,256,398
150,387,070
5,568,706
155,955,776
Laba Periode Berjalan
Penghasilan Komprehensif Lain
18
Total Laba Komprehensif
18
153,200,888
127,048
1,187,630
27,933
--
--
--
--
518,906
518,906
78,049
--23,427,408
252,700
252,700
(6,392,606)
--473,817
(26,452)
492,454
60,748,852
226,248
745,154
151,132,224
30,469
108,518
5,677,224
Catatan terlampir merupakan bagian yang tidak terpisahkan dari
laporan keuangan konsolidasian secara keseluruhan
Draft/April 28, 2017
5,504,009
--72,874,753
Laba Periode Berjalan
Penghasilan Komprehensif Lain
Total Laba Komprehensif
SALDO PER 31 MARET 2017
147,696,879
USD
214,796
596,955
256,717
853,672
156,809,448
The accompanying notes form an integral part of these
consolidated financial statements
4
signed: ____
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
LAPORAN ARUS KAS
KONSOLIDASIAN
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
ARUS KAS DARI
AKTIVITAS OPERASI
Penerimaan Kas dari Pelanggan
Pembayaran Kas kepada Pemasok dan
Pihak Ketiga
Kas yang Dihasilkan dari Operasi
Penghasilan Bunga
Pembayaran Bunga
Pembayaran Pajak Penghasilan
Pembayaran Beban Usaha
Arus Kas Bersih Diperoleh (Digunakan) untuk
Aktivitas Operasi
ARUS KAS DARI
AKTIVITAS INVESTASI
Hasil Pelepasan Aset Tetap
Perolehan Aset Tetap
Arus Kas Bersih Digunakan untuk
Aktivitas Investasi
Catatan
Notes
8
8
ARUS KAS DARI
AKTIVITAS PENDANAAN
Pencairan Utang Bank Jangka Pendek
Pembayaran Utang Bank Jangka Pendek
Pencairan Utang Jangka Panjang:
Bank
Pembayaran Utang Jangka Panjang:
Bank
Pembiayaan Konsumen
Penerimaan dari (Pembayaran ke) Pihak Berelasi
Arus Kas Bersih Diperoleh (Digunakan) untuk
Aktivitas Pendanaan
CONSOLIDATED STATEMENTS OF
CASH FLOW
For Three Months Periods Ended
March 31, 2017 and 2016
(In Full USD, unless otherwise stated)
31 Mar. 2017/
Mar. 31, 2017
USD
31 Mar. 2016/
Mar. 31, 2016
USD
51,168,818
41,650,995
(36,886,886)
14,281,932
17,001
(1,241,046)
(65,541)
(8,076,991)
(34,298,266)
7,352,729
7,958
(1,339,531)
(814,159)
(7,820,985)
4,915,355
(2,613,988)
-(3,130,568)
--
35,966
(6,172,998)
--
(3,130,568)
(6,137,032)
CASH FLOWS FROM
OPERATING ACTIVITIES
Cash Received from Customers
Cash Paid to Suppliers and
Third Parties
Cash Provided from Operating Activities
Interest Received
Payment of Interest
Payment of Tax Income
Payments for Operating Expenses
Net Cash Flows Provided by (Used in)
Operating Activities
CASH FLOWS FROM
INVESTING ACTIVITIES
Proceeds from Disposal of Fixed Assets
Acquisitions of Fixed Assets
Net Cash Flows Used in
Investing Activities
38,477,144
(40,903,579)
40,139,700
(42,449,875)
863,062
4,358,919
(1,056,793)
(15,239)
(36,614)
(1,889,725)
(11,226)
(4,974)
(2,672,019)
142,819
CASH FLOWS FROM
FINANCING ACTIVITIES
Drawdown of Short Term Bank Loans
Payment of Short Term Bank Loans
Drawdown of Long Term Payables:
Bank
Payment of Long Term Payables:
Bank
Customer Financing Payable
Cash Received from (Paid to) Related Parties
Net Cash Flows Provided by (Used in)
Financing Activities
(887,232)
(8,608,201)
DECREASE IN CASH ON HAND,
CASH IN BANKS, AND BANK OVERDRAFT
(395,754)
(31,041)
EXCHANGE RATES FLUCTUATION EFFECTS
ON CASH ON HAND, CASH IN BANKS,
AND BANK OVERDRAFT
KAS, BANK, DAN
CERUKAN AWAL PERIODE
13,516,650
13,116,709
CASH ON HAND, CASH IN BANKS, AND
BANK OVERDRAFT AT BEGINNING OF PERIOD
KAS, BANK, DAN
CERUKAN AKHIR PERIODE
12,233,664
4,477,467
CASH ON HAND, CASH IN BANKS, AND
BANK OVERDRAFT AT END OF PERIOD
PENURUNAN KAS,
BANK, DAN CERUKAN
DAMPAK DARI PERUBAHAN KURS
TERHADAP KAS, BANK,
DAN CERUKAN
Kas dan Bank
Pada akhir Periode terdiri dari:
Kas
Bank
Total Kas dan Bank
Cerukan
Total Kas, Bank, dan Cerukan
3
11
19,212
12,214,452
12,233,664
--
18,772
6,895,056
6,913,828
(2,436,361)
12,233,664
4,477,467
Tambahan informasi aktivitas yang tidak mempengaruhi
arus kas disajikan pada Catatan 32.
Cash on Hand and in Banks
at end of Period consisting of:
Cash on Hand
Cash in Banks
Total Cash on Hand and Cash in Banks
Bank Overdraft
Total Cash on Hand, Cash in Banks,
and Bank Overdraft
Additional information of non-cash activities is presented
in Note 32.
5
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
Per 31 Maret 2017 dan 31 Desember 2016
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
1.
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS
As of March 31, 2017 and December 31, 2016
For Three Months Periods Ended
March 31, 2017 and 2016
(In Full USD, unless otherwise stated)
Umum
1. General
1.a. Pendirian dan Informasi Umum
PT
Indopoly
Swakarsa
Industry
Tbk
(Perusahaan) didirikan dalam rangka UndangUndang Penanaman Modal Asing No. 1 tahun
1967 juncto Undang-Undang No. 11 tahun 1970
berdasarkan Akta No. 114 tanggal 24 Maret
1995 dari Benny Kristianto, SH, Notaris di
Jakarta, yang diubah dengan Akta No. 214
tanggal 26 Oktober 1995 dari notaris yang
sama. Akta pendirian beserta perubahannya
telah disahkan oleh Menteri Kehakiman
Republik Indonesia daIam Surat Keputusan
No.
C2-16.943.HT.01.01.Th.95
tanggal
22 Desember 1995, dan telah diumumkan
dalam Berita Negara Republik Indonesia
No.
41,
Tambahan
No. 2019
tanggal
23 Mei 1997. Anggaran Dasar Perusahaan
telah mengalami beberapa kali perubahan,
terakhir dengan Akta Notaris No. 45 tanggal 12
Mei 2015 dari Kumala Tjahjani Widodo, SH,
MH, MKn. sehubungan dengan perubahan
Anggaran Dasar Perusahaan. Atas perubahan
ini telah tercatat di Kementerian Hukum dan
Hak Asasi Manusia Republik Indonesia
berdasarkan Surat Penerimaan Pemberitahuan
No. AHU-AH.01.03-0935588 tanggal 28 Mei
2015.
1.a. Establishment and General Information
PT Indopoly Swakarsa Industry Tbk (the
Company) was established under the Foreign
Capital Investment Law No. 1 year 1967
juncto Law No. 11 in 1970, based on Notarial
Deed No. 114 dated March 24, 1995 of Benny
Kristianto, SH, Notary in Jakarta, which
subsequently was changed with Deed No.
214 dated October 26, 1995 from the same
notary. The deed of establishment and its
amendment have been approved by the
Minister of Justice of Republic of Indonesia in
his decree No.C2-16.943.HT.01.01.Th.95
dated December 22, 1995, and has been
published in the State Gazette of the Republic
of Indonesia No. 41, Supplement No. 2019
dated May 23, 1997. The Company’s Articles
of Association have been amended several
times, most recently by the Deed No. 45
dated May 12, 2015 of Kumala Tjahjani
Widodo, SH, MH, MKn. concerning the
changes in Company’s Articles of Association.
The amended deed had been reported to the
Ministry of Law and Human Rights of the
Republic of Indonesia with Acceptance Notice
No. AHU-AH.01.03-0935588 dated May 28,
2015.
Perusahaan berkedudukan di Jakarta dengan
pabrik berlokasi di Kecamatan Bungursari,
Purwakarta, Jawa Barat dan Kantor Pusat
Perusahaan beralamat di Wisma Indosemen
lantai 5, Jalan Jenderal Sudirman Kavling 7071, Jakarta. Perusahaan mulai berproduksi
secara komersial pada tahun 1996. Hasil
produksi Perusahaan dipasarkan di dalam dan
di luar negeri.
The Company is domiciled at Jakarta with its
factory located at Subdistrict Bungursari,
Purwakarta, West Java and the Company’s
th
head office is located at Wisma Indosemen 5
floor, Jalan Jenderal Sudirman Kavling 70-71,
Jakarta.
The
Company
started
its commercial operations in 1996. The
Company’s products are distributed for local
and export.
Sesuai dengan pasal 3 Anggaran Dasar
Perusahaan,
ruang
lingkup
kegiatan
Perusahaan terutama meliputi bidang industri
plastik lembaran serta perdagangan besar dan
impor.
In accordance with Article 3 of the Company's
Articles of Association, the Company’s scope
of activities is in the plastic sheets industry
and trading and imports.
Jefflyne Golden Holdings Pte Ltd, pemegang
saham mayoritas Perusahaan, merupakan
perusahaan yang 99,9% sahamnya dimiliki oleh
Gilbert Investment Ltd.
Jefflyne Golden Holdings Pte Ltd, the
Company’s major shareholder, is 99.9%
owned by Gilbert Investment Ltd.
Draft/April 28, 2017
6
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN (Lanjutan)
Per 31 Maret 2017 dan 31 Desember 2016
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
1.b. Dewan Komisaris,
Karyawan
Dewan
Direksi,
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS (Continued)
As of March 31, 2017 and December 31, 2016
For Three Months Periods Ended
March 31, 2017 and 2016
(In Full USD, unless otherwise stated)
dan
1.b. Board of Commissioners,
Directors, and Employees
Berdasarkan Akta Pernyataan Keputusan Rapat
Pemegang
Saham
No.
12
tanggal
18 Juli 2016 oleh Notaris Kumala Tjahjani
Widodo, SH., MH., M.Kn, susunan
pengurus
Perusahaan pada tanggal 31 Maret 2017
dan 31 Desember 2016 adalah sebagai berikut:
Dewan Komisaris
Presiden Komisaris
Komisaris
Komisaris Independen
Dewan Direksi
Presiden Direktur
Wakil Presiden Direktur
Direktur
Direktur Independen
Board
of
Based on the Deed of Circular of
Shareholder’s Meeting No. 12 dated
July 18, 2016 by Notary Kumala Tjahjani
Widodo, SH., MH., M.Kn, the composition of
the Company’s management as of March 31,
2017 and December 31, 2016 are as follows:
31 Mar. 2017/
Mar. 31, 2017
31 Des. 2016/
Dec. 31, 2016
Felielyne Halim
Pancha Chandra
Irawan Sastrotanojo
Felielyne Halim
Pancha Chandra
Irawan Sastrotanojo
Henry Halim
Jeffrey Halim
Sugianto Effendi
Alexandra Bustami
Yenni Meilina Lie
Leo Firdaus
Henry Halim
Jeffrey Halim
Sugianto Effendi
Alexandra Bustami
Yenni Meilina Lie
Leo Firdaus
Kho Tiat Hong
Kho Tiat Hong
Board of Commissioners
President Commissioner
Commissioner
Independent Commissioner
Board of Dicrectors
President Director
Vice President Director
Directors
Independent Director
Pada tanggal 31 Maret 2017 dan 31 Desember
2016 jumlah karyawan tetap adalah masingmasing 1.280 dan 1.242 orang (tidak diaudit).
As of March 31, 2017 and December 31,
2016, total permanent employees are 1,280
and 1,242, respectively (unaudited).
1.c. Komite Audit
Sesuai dengan surat keputusan rapat Dewan
Komisaris tanggal 7 Oktober 2011, yang terakhir
diamandemen tanggal 2 Desember 2016,
Perusahaan membentuk Komite Audit yang
beranggotakan sebagai berikut:
1.c. Audit Committee
According to the Board of Commissioners’
decision letter dated October 7, 2011, which
letter amended dated December 2, 2016, the
Company has formed an Audit Committee
consisting of the following members:
31 Mar. 2017/
Mar. 31, 2017
Ketua Komite Audit
Anggota
31 Des. 2016/
Dec. 31, 2016
Irawan Sastrotanojo
Suanning Rudy Tanardi
Irawan Sastrotanojo
Suanning Rudy Tanardi
Komala Dewi
Komala Dewi
1.d. Struktur Entitas Anak
Perusahaan memiliki pengendalian atas entitas
anak yang dikonsolidasi sebagai berikut:
Draft/April 28, 2017
Head of Audit Committee
Members
1.d. Subsidiaries’ Structure
The Company have control over
consolidated subsidiaries as follows:
7
the
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN (Lanjutan)
Per 31 Maret 2017 dan 31 Desember 2016
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS (Continued)
As of March 31, 2017 and December 31, 2016
For Three Months Periods Ended
March 31, 2017 and 2016
(In Full USD, unless otherwise stated)
Kegiatan Usaha
Tahun
Beroperasi/
Utama/
Year of
Entitas Anak/
Main Business
Comm ercial
Kedudukan/
of Ownership
Mar . 31, 2017
Dec. 31, 2016
Subsidiaries
Activity
Operation
Domicile
%
USD
USD
Investasi/ Investment
1994
Singapura/
Singapore
89.24
87,344,910
84,001,690
Suzhou Kunlene Film
Indus tries Co Ltd *
Pabrikan/ Manufacturing of
Biax ially Oriented
Polypropylene films
2003
China
100.00
60,170,100
57,006,432
Yunnan Kunlene Film
Indus tries Co Ltd *
Pabrikan/ Manufacturing of
1994
China
100.00
26,702,982
25,686,151
Golden Polindo Industries
Pte Ltd
Ilene, Inc
Persentase
Kepemi likan/
Percentage
Total Aset/ Assets
31 Mar . 2017/
31 Des. 2016/
Biaxially Oriented
Polypropylene films
Perdagangan/ Trading of
2015
Amerika Serikat/
United States
Biax ially Orient ed
Polypropylene f ilms
100.00
1,326,662
1,711, 520
* Perusahaan yang secara tidak langsung dimiliki melalui Golden Polindo Industries Pte Ltd/
Entities indirectly owned t hrough Golden Polindo Industries Pte Ltd
Berdasarkan perjanjian Mutual Agreement on
Golden Polindo Industries Pte Ltd Shares
Transfer tanggal 2 Januari 2009, Perusahaan
bersama Jefflyne Golden Holdings Pte Ltd,
(JG), Kimpoli Pte Ltd, (KPL) dan Golden Polindo
Industries Pte Ltd (GPI) menyetujui pengalihan
saham GPI masing-masing sebanyak 242.000
lembar saham milik JG dan 4.358.000 lembar
saham milik KPL kepada Perusahaan dengan
harga pembelian masing-masing sebesar
SGD 2,098,412 dan SGD 37,829,588 atau total
sebesar SGD 39,928,000 yang mewakili
kepemilikan sebesar 89,24% di GPI. Perjanjian
mutual
ini
dieksekusi
pada
tanggal
29 Desember 2009 berdasarkan Share Sale
and Purchase Agreement tanggal 23 Desember
2009.
Based on the Mutual Agreement on Golden
Polindo Industries Pte Ltd Shares Transfer
dated January 2, 2009, between the Company
and Jefflyne Golden Holdings Pte Ltd (JG),
Kimpoli Pte Ltd (KPL) and Golden Polindo
Industries Pte Ltd (GPI), the parties had
agreed
to
the
transfer
of 242,000 GPI’s shares owned by
JG and 4,358,000 GPI’s shares owned by
KPL to the Company with the purchase price
of SGD 2,098,412 and SGD 37,829,588 or
total of SGD 39,928,000 representing 89.24%
ownership in GPI. The Mutual Agreement
executed on December 29, 2009 based on
the Share Sale and Purchase Agreement
dated December 23, 2009.
JG dan KPL merupakan entitas-entitas
yang berada dalam pengendalian yang
sama dengan Perusahaan. Oleh karena
itu, transaksi tersebut di atas dicatat
sesuai dengan PSAK 38 (Revisi 2004)
tentang “Akuntansi Restrukturisasi Entitas
Sepengendali”.
Selisih
antara
bagian
kepemilikan Perusahaan atas aset bersih
sebesar USD 25,999,582 dengan biaya
perolehan investasi sebesar USD 28,378,109
yaitu
sebesar
USD
2,378,527
dicatat
sebagai Selisih Nilai Transaksi Restrukturisasi
Entitas
Sepengendali
dan
disajikan
sebagai bagian dari ekuitas Perusahaan.
JG and KPL are entities that are under
common control with
the Company.
Accordingly, the above transaction is recorded
in conformity with PSAK 38 (Revised 2004)
concerning “Accounting for Restructuring
Companies under Common Control”. The
difference between the Company’s share on
net asset value of USD 25,999,582 and
the
investment
acquisition
cost
of
USD
28,378,109
amounting
to
USD 2,378,527 is recorded as Difference in
Value
Resulting
from
Restructuring
Transactions among Entities under Common
Control and presented as part of equity of the
Company.
Dengan demikian, laporan keuangan GPI dan
entitas anak dikonsolidasikan ke laporan
keuangan Perusahaan.
As consequence, the financial statements of
GPI and its subsidiaries are consolidated into
the Company's financial statements.
Draft/April 28, 2017
8
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN (Lanjutan)
Per 31 Maret 2017 dan 31 Desember 2016
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS (Continued)
As of March 31, 2017 and December 31, 2016
For Three Months Periods Ended
March 31, 2017 and 2016
(In Full USD, unless otherwise stated)
Pada tanggal 15 April 2015, Perusahaan
mendirikan entitas anak (Ilene Inc.) di Illinois
Amerika Serikat dengan menyetorkan modal
sebanyak 1.000 lembar saham senilai
USD 0.1.
On April 15, 2015, the Company established a
subsidiary (Ilene Inc.) in Illinois, United States
of America by depositing a capital of 1,000
shares worth USD 0.1.
Pada tanggal 27 Mei 2015, Perusahaan
mengajukan permohonan ijin usaha dan pada
tanggal 4 Juni 2015 telah memperoleh ijin dari
Pemerintah Lokal untuk melakukan usaha di
kawasan Illinois.
On May 27, 2015, the Company filed an
application for a business license and on June
4, 2015 had granted a license from the Local
Government for their business in the region
Illinois.
Dalam laporan keuangan konsolidasian ini,
Perusahaan dan entitas anak secara bersamasama disebut sebagai “Grup”.
In these consolidated financial statements,
the Company and its subsidiaries are
collectively referred as the “Group”.
1.e. Penawaran Umum Saham Perdana
Pada tanggal 30 Juni 2010, Perusahaan
memperoleh Surat Pernyataan Efektif dari
Ketua Badan Pengawas Pasar Modal dan
Lembaga
Keuangan
(Bapepam-LK)
No.
S-5908/BL/2009
untuk
melakukan
Penawaran
Umum
Saham
Perdana
2.300.178.500 lembar Saham Biasa kepada
masyarakat dengan nilai nominal Rp 100 per
saham dan harga penawaran Rp 210 per
saham.
1.e. Initial Public Offering
On June 30, 2010, the Company has obtained
an Effective Statement from the Chairman of
Capital Market Supervisory Agency and
Financial Institution (Bapepam-LK) No. S5908/BL/2009 for conducting the Company’s
Initial Public Offering of 2,300,178,500 shares
with par value of Rp 100 per share and
offering price of Rp 210 per share.
Selisih lebih jumlah yang diterima dari
pengeluaran saham terhadap nilai nominalnya
sebesar USD 27,856,103, dicatat dalam akun
“Tambahan Modal Disetor“ setelah dikurangi
total
biaya
emisi
saham
sebesar
USD 2,093,681 (Catatan 20).
The excess amount received from the
issuance of stock over its par value of
USD 27,856,103 is recorded in the “Additional
Paid-in Capital” account, after deducting stock
issuance cost of USD 2,093,681 (Note 20).
Berkenaan dengan Penawaran Umum Saham
Perdana,
Perusahaan
juga
menerbitkan
460.035.700 Waran Seri I menyertai Saham
Biasa, dimana setiap 5 saham baru berhak
memperoleh 1 Waran Seri I yang diberikan
secara cuma-cuma sebagai insentif bagi
pemegang saham baru.
In relation to this Initial Public Offering, the
Company also issued 460,035,700 Series I
Warrants, for which each holder of 5 new
shares
were
entitled
to
receive
1 Series I Warrant as incentive for new
shareholder.
Waran Seri I ini memberikan hak kepada
pemegangnya untuk melakukan pembelian
saham biasa atas nama yang bernominal
Rp 100 per saham dengan harga sebesar
Rp 250 per saham selama periode pelaksanaan
dari tanggal 10 Januari 2011 dan berakhir pada
tanggal 9 Juli 2013.
Each Series I Warrant reserves the right to
purchase common share with a par value of
Rp 100 per share at an exercise price of Rp
250 per share during the exercise period
starting from January 10, 2011 and expired on
July 9, 2013.
Pada tanggal 31 Maret 2017, sejumlah
6.443.379.509 saham Perusahaan telah tercatat
pada Bursa Efek Indonesia.
As of March 31, 2017, the total Company’s
shares listed at the Indonesia Stock Exchange
is 6,443,379,509 shares.
Draft/April 28, 2017
9
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN (Lanjutan)
Per 31 Maret 2017 dan 31 Desember 2016
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
2.
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS (Continued)
As of March 31, 2017 and December 31, 2016
For Three Months Periods Ended
March 31, 2017 and 2016
(In Full USD, unless otherwise stated)
Ikhtisar Kebijakan Akuntansi Signifikan
2. Summary of Significant Accounting Policies
2.a. Kepatuhan Terhadap Standar Akuntansi
Keuangan (SAK)
Laporan keuangan konsolidasian telah disusun
dan disajikan sesuai dengan Standar Akuntansi
Keuangan
di
Indonesia
yang
meliputi
Pernyataan Standar Akuntansi Keuangan
(PSAK)
dan
Interpretasi
Standar Akuntansi Keuangan (ISAK) yang
diterbitkan oleh Dewan Standar Akuntansi
Keuangan – Ikatan Akuntan Indonesia
(DSAK – IAI), serta peraturan Pasar Modal yang
berlaku antara lain Peraturan Otoritas Jasa
Keuangan/Badan Pengawas Pasar Modal dan
Lembaga Keuangan (OJK/Bapepam-LK) No.
VIII.G.7 tentang pedoman penyajian laporan
keuangan, keputusan Ketua Bapepam-LK
No. KEP-347/BL/2012 tentang penyajian dan
pengungkapan laporan keuangan emiten atau
perusahaan publik.
2.a.Compliance to the Financial Accounting
Standards (SAK)
The consolidated financial statements were
prepared and presented in accordance with
Indonesian Financial Accounting Standards
which include the Statements of Financial
Accounting
Standards
(PSAK)
and
Interpretation
of
Financial
Accounting
Standards (ISAK) issued by the Financial
Accounting Standard Board – Indonesian
Institute of Accountant (DSAK – IAI), and the
applicable Capital Market Regulations, among
others, Financial Sevices Authority/Capital
Market and Supervisory Board and Financial
Institution (OJK/Bapepam-LK) No. VIII.G.7
regarding guidelines for the presentation of
financial statements, and Chairman of
Bapepam-LK Decree No. KEP-347/BL/2012
regarding presentation and disclosure of
financial statements of the issuer or public
company.
2.b. Dasar Pengukuran dan Penyusunan Laporan
Keuangan Konsolidasian
Laporan keuangan konsolidasian disusun dan
disajikan berdasarkan asumsi kelangsungan
usaha serta atas dasar akrual, kecuali laporan
arus kas konsolidasian. Dasar pengukuran
dalam
penyusunan
laporan
keuangan
konsolidasian ini adalah konsep biaya
perolehan, kecuali beberapa akun tertentu yang
didasarkan pengukuran lain sebagaimana
dijelaskan dalam kebijakan akuntansi masingmasing akun tersebut. Biaya perolehan
umumnya didasarkan pada nilai wajar imbalan
yang diserahkan dalam perolehan aset.
2.b. The Basis of Measurement and Preparation
of Consolidated Financial Statements
The consolidated financial statements have
been prepared and presented based on going
concern assumption and accrual basis of
accounting, except for the consolidated
statements of cash flows.
Basis of
measurement in preparation of these
consolidated financial statements is the
historical costs concept, except for certain
accounts which have been prepared on the
basis of other measurements as described in
their respective policies. Historical cost is
generally based on the fair value of the
consideration given in exchange for assets.
Laporan arus kas konsolidasian disajikan
dengan metode langsung (direct method)
dengan mengelompokkan arus kas dalam
aktivitas operasi, investasi dan pendanaan.
The consolidated statements of cash flows are
prepared using the direct method by classifying
cash flows into operating, investing and
financing activities.
Mata uang penyajian yang digunakan dalam
penyusunan laporan keuangan konsolidasian ini
adalah Dolar Amerika Serikat (USD) yang
merupakan mata uang fungsional Perusahaan.
Mata uang fungsional entitas anak di luar negeri
adalah dalam Renminbi Cina (RMB) dan
laporan keuangan diukur berdasarkan mata
uang fungsional tersebut (Catatan 2.e).
The presentation currency used in the
preparation of the consolidated financial
statements is United States Dollar (USD),
which is the Company’s functional currency.
The foreign subsidiaries’ functional currency is
Chinese Renminbi (RMB) and their financial
statements are measured using such currency
(Note 2.e).
Draft/April 28, 2017
10
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN (Lanjutan)
Per 31 Maret 2017 dan 31 Desember 2016
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS (Continued)
As of March 31, 2017 and December 31, 2016
For Three Months Periods Ended
March 31, 2017 and 2016
(In Full USD, unless otherwise stated)
2.c. Pernyataan
dan
Interpretasi
Standar
Akuntansi Baru dan Revisi yang Berlaku
Efektif pada Tahun Berjalan
Standar dan penyesuaian standar berikut efektif
untuk periode yang dimulai pada atau setelah 1
Januari 2017 adalah sebagai berikut:
2.c. New
and
Revised
Statements
and
Interpretation of Financial Accounting
Standards Effective in the Current Year
Standard and improvements to standards
effective for periods beginning on or after
January 1, 2016, are follows:
Amendment PSAK No. 1: “Presentation of
Financial Statements”
ISAK No. 31: “Interpretation of the Scope of
PSAK No. 13: Investment Property”
PSAK No. 3 (Adjustment 2016): “Interim
Financial Statements”
PSAK No. 24 (Adjustment 2016): “Employee
Benefits”
PSAK No. 58 (Adjustment 2016): “NonCurrent Assets Held for Sale and
Discontinued Operations”
PSAK No. 60 (Adjustment 2016): “Financial
Instrument: Disclosure”
Amandemen PSAK No. 1: “Penyajian
Laporan Keuangan”
ISAK No. 31: “Interpretasi atas Ruang
Lingkup PSAK No. 13: Properti Investasi”
PSAK No. 3 (Penyesuaian 2016):
“Laporan Keuangan Interim”
PSAK No. 24 (Penyesuaian 2016):
“Imbalan Kerja”
PSAK No. 58 (Penyesuaian 2016): “Aset
Tidak Lancar yang Dimiliki untuk Dijual
dan Operasi yang Dihentikan”
PSAK No. 60 (Penyesuaian 2016):
“Instrumen Keuangan: Pengungkapan”
Standar dan amandemen standar berikut efektif
untuk periode yang dimulai pada atau setelah
tanggal 1 Januari 2018, dengan penerapan dini
diperkenankan adalah sebagai berikut:
The following standards and amendments to
standards effective for periods beginning on or
after January 1, 2018, with earlier application
permitted are as follows:
Amandemen PSAK No. 16: “Agrikultur
Tanaman Produksi”
Amandemen PSAK No. 69: “Agrikultur”
Amandemen PSAK No. 16: “Aset Tetap
tentang Agrikultur: Tanaman Produktif”
Amandemen PSAK No. 2: “Laporan Arus
Kas”
Amandemen PSAK No. 46: “Pajak
Penghasilan”
Amendment PSAK No. 16: “Agriculture Plant
Productive”
PSAK No. 69: “Agriculture”
Amendments PSAK No. 16: “Property and
Equipment on Agriculture: Plant Productive”
Amendment PSAK No. 2: “Cash Flow
Statements”
Amendment PSAK No. 46: “Income Tax”
Hingga tanggal laporan keuangan konsolidasian ini
diotorisasi, Perusahaan masih melakukan evaluasi
atas dampak potensial dari penerapan standar baru,
amandemen standar dan interpretasi standar
tersebut.
Until the date of the consolidated financial
statements being authorized, the Company is
still evaluating the potential impact of the
adoption of new standards, amendment to
standards and interpretation of the standards.
Draft/April 28, 2017
11
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN (Lanjutan)
Per 31 Maret 2017 dan 31 Desember 2016
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS (Continued)
As of March 31, 2017 and December 31, 2016
For Three Months Periods Ended
March 31, 2017 and 2016
(In Full USD, unless otherwise stated)
2.d. Prinsip-prinsip Konsolidasi
Laporan keuangan konsolidasian mencakup
laporan keuangan Perusahaan dan entitasentitas
anak
seperti
disebutkan
pada
Catatan 1.d.
2.d. Principles of Consolidation
The
consolidated
financial
statements
incorporate the financial statements of the
Company and Subsidiaries as described in
Note 1.d.
Entitas anak adalah entitas yang dikendalikan
oleh Grup, yakni Grup terekspos, atau memiliki
hak,
atas
imbal
hasil
variabel
dari
keterlibatannya dengan entitas dan memiliki
kemampuan untuk mempengaruhi imbal hasil
tersebut melalui kemampuan kini untuk
mengarahkan aktivitas relevan dari entitas
(kekuasaan atas investee).
A subsidiary is an entity controlled by
the Group, ie the Group is exposed,
or has rights, to variable returns from
its involvement with the entity and
has the ability to affect those returns
through its current ability to direct the
entity’s relevant activities (power over the
investee).
Keberadaan dan dampak dari hak suara
potensial dimana Grup memiliki kemampuan
praktis untuk melaksanakan (yakni hak
substantif) dipertimbangkan saat menilai apakah
Grup mengendalikan entitas lain.
The existence and effect of substantive
potential voting rights that the Group has the
practical ability to exercise (ie substantive
rights) are considered when assessing
whether the Group controls another entity.
Laporan keuangan Grup mencakup hasil usaha,
arus kas, aset dan liabilitas dari Perusahaan
dan seluruh entitas anak yang, secara lagsung
dan tidak langsung,
dikendalikan oleh
Perusahaan. Entitas anak dikonsolidasikan
sejak tanggal efektif akuisisi, yaitu tanggal
dimana Grup secara efektif memperoleh
pengendalian atas bisnis yang diakuisisi,
sampai tanggal pengendalian berakhir.
The Group’s financial statements incorporate
the
results,
cash
flows,
assets
and liabilities of the Company and all
of its directly and indirectly controlled
subsidiaries. Subsidiaries are consolidated
from the effective date of acquisition, which
is the date on which the Group effectively
obtains control of the acquired business,
until that control ceases.
Entitas induk menyusun laporan keuangan
konsolidasian dengan menggunakan kebijakan
akuntansi yang sama untuk transaksi dan
A
parent
prepares
consolidated
financial statements using uniform accounting
policies
for
like
transactions
peristiwa lain dalam keadaan yang serupa.
Seluruh transaksi, saldo, laba, beban, dan arus
kas dalam intra kelompok usaha terkait dengan
transaksi antar entitas dalam Grup dieliminasi
secara penuh.
and other events in similar circumstances.
All intragroup transactions, balances, income,
expenses
and
cash
flows
are eliminated in full on consolidation.
Grup mengatribusikan laba rugi dan setiap
komponen dari penghasilan komprehensif lain
kepada pemilik entitas induk dan kepentingan
nonpengendali
meskipun
hal
tersebut
mengakibatkan kepentingan nonpengendali
memiliki saldo defisit. Grup menyajikan
kepentingan nonpengendali di ekuitas dalam
laporan posisi keuangan konsolidasian, terpisah
dari ekuitas pemilik entitas induk.
The Group attributed the profit and loss and
each component of other comprehensive
income to the owners of the parent and noncontrolling interest even though this results in
the non-controlling interests having a deficit
balance. The Group presents non-controlling
interest in equity in the consolidated statement
of financial position, separately from the equity
owners of the parent.
Perubahan dalam bagian kepemilikan entitas
induk
pada
entitas
anak
yang
tidak
mengakibatkan hilangnya pengendalian adalah
transaksi ekuitas (yaitu transaksi dengan pemilik
dalam kapasitasnya sebagai pemilik). Ketika
proporsi ekuitas yang dimiliki oleh kepentingan
nonpengendali berubah, Grup menyesuaikan
Changes in the parent’s ownership interest in
a subsidiary that do not result in loss of
control are equity transactions (ie transactions
with owners in their capacity as owners).
When the proportion of equity held by noncontrolling interest change, the Group
adjusted
the
carrying
amounts
of
Draft/April 28, 2017
12
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN (Lanjutan)
Per 31 Maret 2017 dan 31 Desember 2016
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS (Continued)
As of March 31, 2017 and December 31, 2016
For Three Months Periods Ended
March 31, 2017 and 2016
(In Full USD, unless otherwise stated)
jumlah tercatat kepentingan pengendali dan
kepentingan
nonpengendali
untuk
mencerminkan perubahan kepemilikan relatifnya
dalam entitas anak. Selisih antara jumlah
dimana kepentingan nonpengendali disesuaikan
dan nilai wajar dari jumlah yang diterima
atau dibayarkan diakui langsung dalam
ekuitas dan diatribusikan pada pemilik dari
entitas induk.
the controlling interest and non-controlling
interest to reflect the changes in their
relative interest in the subsidiaries. Any
difference between the amount by which
the non-controlling interests are adjusted and
the fair value of the consideration
paid or received is recognized directly in
equity and attributed to the owners of the
parent.
Jika Grup kehilangan pengendalian,maka Grup:
(a) Menghentikan pengakuan aset (termasuk
goodwill) dan liabilitas entitas anak pada
jumlah tercatatnya ketika pengendalian
hilang;
(b) Menghentikan pengakuan jumlah tercatat
setiap kepentingan nonpengendali pada
entitas anak terdahulu ketika pengendalian
hilang
(termasuk
setiap
komponen
penghasilan
komprehensif
lain
yang
diatribusikan
pada
kepentingan
nonpengendali);
(c) Mengakui nilai wajar pembayaran yang
diterima (jika ada) dari transaksi, peristiwa,
atau
keadaan
yang
mengakibatkan
hilangnya pengendalian;
(d) Mengakui sisa investasi pada entitas anak
terdahulu pada nilai wajarnya pada tanggal
hilangnya pengendalian;
(e) Mereklasifikasi
ke
laba
rugi,
atau
mengalihkan secara langsung ke saldo laba
jika disyaratkan oleh SAK lain, jumlah yang
diakui dalam penghasilan komprehensif lain
dalam kaitan dengan entitas anak:
If the Group loses control, the Group:
(a) Derecognizes the assets (including
goodwill) and liabilities of the subsidiary
at their carrying amounts at the date
when control is lost;
(b) Derecognizes the carrying amount of any
non-controlling interests in the former
subsidiary at the date when control is
lost (including any components of other
comprehensive income attributable to
them);
(f) Mengakui
perbedaan
apapun
yang
dihasilkan
sebagai
keuntungan
atau
kerugian dalam laba rugi yang diatribusikan
kepada entitas induk.
(f)
(c) Recognizes the fair value of the
consideration received, if any, from the
transaction, event or circumstances that
resulted in the loss of control;
(d) Recognizes any investment retained in
the former subsidiary at fair value at the
date when control is lost;
(e) Reclassifies to profit or loss, or transfer
directly to retained earnings if required
by other SAKs, the amount recognized in
other
comprehensive
income
in relation to the subsidiary;
Recognizes any resulting difference as a
gain or loss attributable to the parent.
2.e. Transaksi dan Saldo Dalam Mata Uang Asing
Dalam menyiapkan laporan keuangan, setiap
entitas di dalam Grup mencatat dengan
menggunakan mata uang dari lingkungan
ekonomi utama di mana entitas beroperasi
(“mata uang fungsional”). Mata uang fungsional
Perusahaan dan Ilene Inc adalah Dolar Amerika
Serikat (USD), sedangkan mata uang
fungsional Golden Polindo Industries Pte. Ltd.,
Suzhou Kunlene Film Industries Co, Ltd dan
Yunnan Kunlene Film Industries Co, Ltd adalah
Renminbi China (RMB).
2.e. Foreign
Currency
Transaction
and
Balances
In preparing financial statements, each of the
entities within the Group record by using the
currency of the primary economic environment
in which the entity operates (“the functional
currency”). The functional currency of the
Company and Ilene Inc are United States
Dollar (USD), while the functional currency for
Golden Polindo Industries Pte. Ltd., Suzhou
Kunlene Film Industries Co, Ltd and Yunnan
Kunlene Film Industries Co, Ltd are China
Renminbi (RMB).
Mata uang fungsional Golden Polindo Industries
Pte. Ltd., entitas anak adalah Renminbi China
The functional currency of Golden Polindo
Industries Pte. Ltd., a subsidiary, is China
Draft/April 28, 2017
13
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN (Lanjutan)
Per 31 Maret 2017 dan 31 Desember 2016
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS (Continued)
As of March 31, 2017 and December 31, 2016
For Three Months Periods Ended
March 31, 2017 and 2016
(In Full USD, unless otherwise stated)
(RMB). Untuk tujuan penyajian laporan
keuangan konsolidasian, aset dan liabilitas
Golden Polindo Industries Pte. Ltd., pada
tanggal laporan dijabarkan menggunakan kurs
penutup yang berlaku pada tanggal laporan
posisi keuangan, sedangkan pendapatan dan
beban dijabarkan dengan menggunakan kurs
rata-rata. Selisih kurs yang dihasilkan diakui
dalam penghasilan komprehensif lain.
Renminbi (RMB). For presentation purposes of
consolidated financial statements, assets and
liabilities of Golden Polindo Industries Pte.
Ltd., Ltd at reporting date are translated at the
closing rate at statement of financial position
date, while revenues and expenses are
translated using average rate for the period.
All resulting exchange differences shall be
recognized in other comprehensive income.
Pada akhir periode pelaporan, pos moneter
dalam mata uang asing dijabarkan ke dalam
USD menggunakan kurs penutup, yaitu kurs
tengah
Bank
Indonesia
pada
31 Maret 2017 dan 31 Desember 2016 sebagai
berikut:
At the end of reporting period, foreign currency
monetary items are translated to USD using
the closing rate, i.e middle rate of Bank of
Indonesia at March 31, 2017 and December
31, 2016 as follows:
1 Rupiah I ndonesia (IDR)
1 Dolar Singapura (SGD)
1 Renmimbi China (RMB)
1 Euro (EUR)
1 Baht Thailand (THB)
1 Dolar Australia (AUD)
31 Mar. 2017/
Mar. 31, 2017
1/13,321
9,532.04/13,321
1,930.78/13,321
14,228.17/13,321
386.62/13,321
10,185.92/13,321
31 Des. 2016/
Dec. 31, 2016
1/13,436
9,298.92/13,436
1,936.86/13,436
14,161.55/13,436
375.15/13,436
9,724.31/13436
1 Indonesian Rupiah (IDR)
1 Singapore Dollar (SGD)
1 China Renmimbi (RMB)
1 Euro (EUR)
1 Thailand Baht (THB)
1 Australia Dollar (AUD)
Selisih kurs yang timbul dari penyelesaian pos
moneter dan dari penjabaran pos moneter
dalam mata uang asing diakui dalam laba rugi.
Exchange differences arising on the
settlement of monetary items and from
translating monetary items in foreign
currencies are recognized in profit or loss.
2.f. Persediaan
Persediaan dinyatakan berdasarkan jumlah
terendah antara biaya perolehan dan nilai
realisasi neto. Biaya persediaan terdiri dari
seluruh biaya pembelian, biaya konversi,
dan biaya lain yang timbul sampai persediaan
berada dalam kondisi dan lokasi saat ini.
2.f. Inventories
Inventories are carried at the lower of cost
and net realizable value. The cost of
inventories comprise all costs of purchase,
costs of conversion and other costs
incurred in bringing the inventories to their
present location and condition.
Biaya perolehan ditentukan dengan metode
rata-rata tertimbang. Nilai realisasi neto
merupakan taksiran harga jual dalam kegiatan
usaha
biasa
dikurangi
estimasi
biaya
penyelesaian dan estimasi biaya yang
diperlukan untuk membuat penjualan.
Cost is determined usin
INDUSTRY Tbk
DAN ENTITAS ANAK
Laporan Keuangan Konsolidasian
Per 31 Maret 2017 (Tidak Diaudit) dan
31 Desember 2016 (Diaudit) dan
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016 (Tidak Diaudit)
Draft/April 28, 2017
PT INDOPOLY SWAKARSA
INDUSTRY Tbk
AND SUBSIDIARIES
Consolidated Financial Statements
As of March 31, 2017 (Unaudited) and
December 31, 2016 (Audited) and
For Three Months Periods Ended
March 31, 2017 and 2016 (Unaudited)
signed: ____
PT INDOPOLY SWAKARSA
INDUSTRY Tbk
DAN ENTITAS ANAK
Daftar Isi
PT INDOPOLY SWAKARSA
INDUSTRY Tbk
AND SUBSIDIARIES
Halaman/
Pages
Table of Contents
Surat Pernyataan Direksi
Laporan Auditor Independen
Directors’ Statement Letter
Independent Auditors’ Report
Laporan Keuangan Konsolidasian
Per 31 Maret 2017 (Tidak Diaudit) dan
31 Desember 2016 (Diaudit) dan
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016 (Tidak Diaudit)
an
Laporan Posisi Keuangan Konsolidasian
)
Consolidated Financial Statements
As of March 31, 2017 (Unaudited) and
December 31, 2016 (Audited) and
For Three Months Periods Ended
March 31, 2017 and 2016 (Unaudited)
1-2
Consolidated Statements of Financial Position
Laporan Laba Rugi dan
Penghasilan Komprehensif Lain Konsolidasian
3
Consolidated Statements of Profit or Loss and
Other Comprehensive Income
Laporan Perubahan Ekuitas Konsolidasian
4
Consolidated Statements of Changes in Equity
Laporan Arus Kas Konsolidasian
5
Consolidated Statements of Cash Flows
Catatan atas Laporan Keuangan Konsolidasian
Draft/April 28, 2017
6-72
Notes to Consolidated Financial Statements
signed: ____
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
LAPORAN POSISI KEUANGAN
KONSOLIDASIAN
Per 31 Maret 2017 dan 31 Desember 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
ASET
ASET LANCAR
Kas dan Bank
Piutang Usaha
Pihak Berelasi
Pihak Ketiga
Piutang Lain-lain
Pihak Berelasi
Pihak Ketiga
Persediaan
Pajak Dibayar di Muka
Biaya Dibayar di Muka
Aset Lancar Lainnya
Total Aset Lancar
ASET TIDAK LANCAR
Aset Tetap
Aset Takberwujud
Aset Tidak Lancar Lainnya
Total Aset Tidak Lancar
TOTAL ASET
Catatan/
Notes
3, 29
4, 29
27
5, 29
27
6
28
7
8
9
10, 29
CONSOLIDATED STATEMENTS OF
FINANCIAL POSITION
As of March 31, 2017 and December 31, 2016
(In Full USD, unless otherwise stated)
31 Mar. 2017/
Mar. 31, 2017
USD
ASSETS
12,233,664
13,516,650
1,689,444
39,542,303
2,498,635
41,916,157
123,604
1,623,620
23,793,852
3,458,124
1,995,863
5,049,170
89,509,644
86,990
1,534,270
22,905,204
3,206,589
511,413
4,966,209
91,142,117
CURRENT ASSETS
Cash on Hand and in Banks
Trade Receivables
Related Parties
Third Parties
Other Receivables
Related Parties
Third Parties
Inventories
Prepaid Taxes
Prepaid Expenses
Other Current Assets
Total Current Assets
189,484,599
2,776,023
92,923
192,353,545
188,858,978
2,801,428
91,881
191,752,287
NON CURRENT ASSETS
Fixed Assets
Intangible Assets
Other Non Current Assets
Total Non Current Assets
281,863,189
282,894,404
TOTAL ASSETS
Catatan terlampir merupakan bagian yang tidak terpisahkan dari
laporan keuangan konsolidasian secara keseluruhan
Draft/April 28, 2017
31 Des. 2016/
Dec. 31, 2016
USD
The accompanying notes form an integral part of these
consolidated financial statements
1
signed: ____
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
LAPORAN POSISI KEUANGAN
KONSOLIDASIAN (Lanjutan)
Per 31 Maret 2017 dan 31 Desember 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
LIABILITAS DAN EKUITAS
LIABILITAS JANGKA PENDEK
Utang Bank Jangka Pendek
Utang Usaha - Pihak Ketiga
Utang Lain-lain - Pihak Ketiga
Utang Pajak
Beban Akrual
Bagian Liabilitas Jangka Panjang yang
Jatuh Tempo Satu Tahun:
Utang Bank
Utang Pembiayaan Konsumen
Liabilitas Imbalan Kerja Jangka Pendek
Total Liabilitas Jangka Pendek
LIABILITAS JANGKA PANJANG
Liabilitas Jangka Panjang Setelah
Dikurangi Bagian Jatuh Tempo
Dalam Satu Tahun:
Utang Bank
Utang Pembiayaan Konsumen
Liabilitas Imbalan Kerja Jangka Panjang
Liabilitas Pajak Tangguhan
Total Liabilitas Jangka Panjang
Total Liabilitas
EKUITAS
Ekuitas yang Dapat Diatribusikan
kepada Pemilik Entitas Induk
Modal Saham - Nilai Nominal
Rp 100 (angka penuh)
Modal Dasar - 16.561.280.000 saham
Modal Ditempatkan dan Disetor Penuh 6.443.379.509 saham
Tambahan Modal Disetor
Pendapatan Komprehensif Lain Selisih Kurs karena Penjabaran
Laporan Keuangan
Saldo Laba
Total Ekuitas yang Dapat Diatribusikan
kepada Pemilik Entitas Induk
Kepentingan Non - Pengendali
Total Ekuitas
TOTAL LIABILITAS DAN EKUITAS
Catatan/
Notes
CONSOLIDATED STATEMENTS OF
FINANCIAL POSITION (Continued)
As of March 31, 2017 and December 31, 2016
(In Full USD, unless otherwise stated)
31 Mar. 2017/
31 Des. 2016/
Mar. 31, 2017
USD
Dec. 31, 2016
USD
11, 29
12, 29
13, 29
28
14
70,596,529
9,454,223
575,501
1,324,750
3,236,575
72,797,228
9,852,110
506,061
985,728
3,135,053
15, 29
16
7,448,493
65,156
233,016
92,934,243
7,659,634
64,598
25,502
95,025,914
CURRENT LIABILITIES
Short Term Bank Loans
Trade Payables - Third Parties
Other Payables - Third Parties
Taxes Payable
Accrued Expenses
Current Portion of Long Term
Liabilities:
Bank Loans
Customer Financing Payables
Short Term Employee Benefits Liabilities
Total Current Liabilities
20,236,568
20,640
3,331,833
8,323,673
31,912,714
126,938,628
NON CURRENT LIABILITIES
Long Term Liabilities
Net of
Current Portion:
Bank Loans
Customer Financing Payables
Long Term Employee Benefits Liabilities
Deferred Tax Liabilities
Total Non Current Liabilities
Total Liabilities
15, 29
16
17
28
20,265,206
4,843
3,443,089
8,406,360
32,119,498
125,053,741
19
20
72,874,753
23,427,408
72,874,753
23,427,408
19
(6,392,606)
61,222,669
(6,645,306)
60,730,215
151,132,224
5,677,224
156,809,448
150,387,070
5,568,706
155,955,776
EQUITY
Equity Attributable
to Owners of the Parent
Capital Stock - Par Value
Rp 100 (full amount)
Authorized Capital - 16,561,280,000 shares
Issued and Fully Paid 6,443,379,509 shares
Additional Paid - in Capital
Other Comprehensive Income Currency Translation
Adjustments
Retained Earnings
Total Equity Attributable
to Owners of the Parent
Non - Controlling Interest
Total Equity
281,863,189
282,894,404
TOTAL LIABILITIES AND EQUITY
18
Catatan terlampir merupakan bagian yang tidak terpisahkan dari
laporan keuangan konsolidasian secara keseluruhan
Draft/April 28, 2017
LIABILITIES AND EQUITY
The accompanying notes form an integral part of these
consolidated financial statements
2
signed: ____
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
LAPORAN LABA RUGI DAN
PENGHASILAN KOMPREHENSIF LAIN
KONSOLIDASIAN
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
Catatan/
Notes
CONSOLIDATED STATEMENTS OF
PROFIT OR LOSS AND
OTHER COMPREHENSIVE INCOME
For Three Months Periods Ended
March 31, 2017 and 2016
(In Full USD, unless otherwise stated)
31 Mar. 2017/
Mar. 31, 2017
USD
31 Mar. 2016/
Mar. 31, 2016
USD
PENJUALAN
21
47,985,773
46,506,898
SALES
BEBAN POKOK PENJUALAN
22
39,089,060
36,457,318
COST OF GOODS SOLD
8,896,713
10,049,580
GROSS PROFIT
(7,033,415)
297,913
(2,091)
(6,794,801)
95,053
(7,499)
Operating Expenses
Other Income
Other Expenses
2,159,120
3,342,333
OPERATING INCOME
(1,317,633)
(1,399,350)
Finance Cost
841,487
1,942,983
INCOME BEFORE INCOME TAX
(153,028)
(91,504)
(379,286)
(376,067)
INCOME TAX EXPENSES
Current Tax
Deferred Tax
596,955
1,187,630
INCOME FOR THE PERIOD
LABA BRUTO
Beban Usaha
Pendapatan Lain-lain
Beban Lain-lain
23
24
24
LABA USAHA
Beban Keuangan
25
LABA SEBELUM PAJAK PENGHASILAN
BEBAN PAJAK PENGHASILAN
Pajak Kini
Pajak Tangguhan
28
28
LABA PERIODE BERJALAN
PENGHASILAN KOMPREHENSIF LAIN
Pos yang Tidak akan Direklasifikasi
ke Laba Rugi:
Pengukuran Kembali atas Program
Imbalan Kerja
Pajak Penghasilan Terkait
17
28
Pos yang akan Direklasifikasi
ke Laba Rugi:
Selisih Kurs karena Penjabaran
Laporan Keuangan
(275,880)
(35,269)
8,817
(59,742)
14,936
Item that May be Reclassified
Subsequently to Profit or Loss:
283,169
Rugi Komprehensif Lain Setelah Pajak
TOTAL LABA (RUGI) KOMPREHENSIF
PERIODE BERJALAN
Total Laba Periode Berjalan yang Dapat
Diatribusikan kepada:
Pemilik Entitas Induk
Kepentingan Non - Pengendali
(26,452)
18
259,602
256,717
214,796
853,672
1,402,426
518,906
78,049
596,955
1,060,582
127,048
1,187,630
Total Laba (Rugi) Komprehensif yang Dapat
Diatribusikan kepada:
Pemilik Entitas Induk
Kepentingan Non - Pengendali
18
745,154
108,518
853,672
1,247,445
154,981
1,402,426
LABA PER SAHAM DASAR
26
0.0001
0.0002
Catatan terlampir merupakan bagian yang tidak terpisahkan dari
laporan keuangan konsolidasian secara keseluruhan
Draft/April 28, 2017
OTHER COMPREHENSIVE INCOME
Item that Will Not be Reclassified
to Profit or Loss:
Remeasurement on Employee
Benefits Program
Related Income Tax
Currency Translation Adjustments
Other Comprehensive Loss After Tax
TOTAL COMPREHENSIVE INCOME (LOSS)
FOR THE PERIOD
Total Income for The Period
Attributable to:
Owners of the Parent
Non - Controlling Interest
Total Comprehensive Income (Loss)
Attributable to:
Owners of the Parent
Non - Controlling Interest
BASIC EARNINGS PER SHARE
The accompanying notes form an integral part of these
consolidated financial statements
3
signed: ____
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
For Three Months Periods Ended
March 31, 2017 and 2016
(In Full USD, unless otherwise stated)
Ekuitas yang Dapat Diatribusikan kepada Pem ilik Entitas Induk/ Equity Attributable to Owners of the Parent
Pendapatan
Komprehensif
Kepentingan
Total
Lain/
Other
Total Ekuitas/
Total Equity
Interest
Comprehensive
Income
Selisih Kurs
Saldo Laba/
Karena Penjabaran
Retained Earnings
Modal Saham/
Tambahan
Modal Disetor/
Additonal
Catatan/
Capital Stock
Paid - in Capital
Adjustments
Appropriated
Unappr opriated
Notes
USD
USD
USD
USD
USD
SALDO PER 31 DESEMBER 2015
Non - Pengendali/
Non - Controlling
Laporan Keuangan/
Curr ency
Translation
Telah
Ditentukan
Penggunaannya/
Belum
Ditentukan
Penggunaannya/
USD
USD
72,874,753
23,427,408
(3,611,630)
373,817
54,632,531
--
--
--
--
1,060,582
1,060,582
--
--
231,669
--
(44,806)
186,863
--
--
231,669
--
1,015,776
1,247,445
154,981
1,402,426
SALDO PER 31 MARET 2016
72,874,753
23,427,408
(3,379,961)
373,817
55,648,307
148,944,324
5,658,990
154,603,314
SALDO PER 31 DESEMBER 2016
72,874,753
23,427,408
(6,645,306)
473,817
60,256,398
150,387,070
5,568,706
155,955,776
Laba Periode Berjalan
Penghasilan Komprehensif Lain
18
Total Laba Komprehensif
18
153,200,888
127,048
1,187,630
27,933
--
--
--
--
518,906
518,906
78,049
--23,427,408
252,700
252,700
(6,392,606)
--473,817
(26,452)
492,454
60,748,852
226,248
745,154
151,132,224
30,469
108,518
5,677,224
Catatan terlampir merupakan bagian yang tidak terpisahkan dari
laporan keuangan konsolidasian secara keseluruhan
Draft/April 28, 2017
5,504,009
--72,874,753
Laba Periode Berjalan
Penghasilan Komprehensif Lain
Total Laba Komprehensif
SALDO PER 31 MARET 2017
147,696,879
USD
214,796
596,955
256,717
853,672
156,809,448
The accompanying notes form an integral part of these
consolidated financial statements
4
signed: ____
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
LAPORAN ARUS KAS
KONSOLIDASIAN
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
ARUS KAS DARI
AKTIVITAS OPERASI
Penerimaan Kas dari Pelanggan
Pembayaran Kas kepada Pemasok dan
Pihak Ketiga
Kas yang Dihasilkan dari Operasi
Penghasilan Bunga
Pembayaran Bunga
Pembayaran Pajak Penghasilan
Pembayaran Beban Usaha
Arus Kas Bersih Diperoleh (Digunakan) untuk
Aktivitas Operasi
ARUS KAS DARI
AKTIVITAS INVESTASI
Hasil Pelepasan Aset Tetap
Perolehan Aset Tetap
Arus Kas Bersih Digunakan untuk
Aktivitas Investasi
Catatan
Notes
8
8
ARUS KAS DARI
AKTIVITAS PENDANAAN
Pencairan Utang Bank Jangka Pendek
Pembayaran Utang Bank Jangka Pendek
Pencairan Utang Jangka Panjang:
Bank
Pembayaran Utang Jangka Panjang:
Bank
Pembiayaan Konsumen
Penerimaan dari (Pembayaran ke) Pihak Berelasi
Arus Kas Bersih Diperoleh (Digunakan) untuk
Aktivitas Pendanaan
CONSOLIDATED STATEMENTS OF
CASH FLOW
For Three Months Periods Ended
March 31, 2017 and 2016
(In Full USD, unless otherwise stated)
31 Mar. 2017/
Mar. 31, 2017
USD
31 Mar. 2016/
Mar. 31, 2016
USD
51,168,818
41,650,995
(36,886,886)
14,281,932
17,001
(1,241,046)
(65,541)
(8,076,991)
(34,298,266)
7,352,729
7,958
(1,339,531)
(814,159)
(7,820,985)
4,915,355
(2,613,988)
-(3,130,568)
--
35,966
(6,172,998)
--
(3,130,568)
(6,137,032)
CASH FLOWS FROM
OPERATING ACTIVITIES
Cash Received from Customers
Cash Paid to Suppliers and
Third Parties
Cash Provided from Operating Activities
Interest Received
Payment of Interest
Payment of Tax Income
Payments for Operating Expenses
Net Cash Flows Provided by (Used in)
Operating Activities
CASH FLOWS FROM
INVESTING ACTIVITIES
Proceeds from Disposal of Fixed Assets
Acquisitions of Fixed Assets
Net Cash Flows Used in
Investing Activities
38,477,144
(40,903,579)
40,139,700
(42,449,875)
863,062
4,358,919
(1,056,793)
(15,239)
(36,614)
(1,889,725)
(11,226)
(4,974)
(2,672,019)
142,819
CASH FLOWS FROM
FINANCING ACTIVITIES
Drawdown of Short Term Bank Loans
Payment of Short Term Bank Loans
Drawdown of Long Term Payables:
Bank
Payment of Long Term Payables:
Bank
Customer Financing Payable
Cash Received from (Paid to) Related Parties
Net Cash Flows Provided by (Used in)
Financing Activities
(887,232)
(8,608,201)
DECREASE IN CASH ON HAND,
CASH IN BANKS, AND BANK OVERDRAFT
(395,754)
(31,041)
EXCHANGE RATES FLUCTUATION EFFECTS
ON CASH ON HAND, CASH IN BANKS,
AND BANK OVERDRAFT
KAS, BANK, DAN
CERUKAN AWAL PERIODE
13,516,650
13,116,709
CASH ON HAND, CASH IN BANKS, AND
BANK OVERDRAFT AT BEGINNING OF PERIOD
KAS, BANK, DAN
CERUKAN AKHIR PERIODE
12,233,664
4,477,467
CASH ON HAND, CASH IN BANKS, AND
BANK OVERDRAFT AT END OF PERIOD
PENURUNAN KAS,
BANK, DAN CERUKAN
DAMPAK DARI PERUBAHAN KURS
TERHADAP KAS, BANK,
DAN CERUKAN
Kas dan Bank
Pada akhir Periode terdiri dari:
Kas
Bank
Total Kas dan Bank
Cerukan
Total Kas, Bank, dan Cerukan
3
11
19,212
12,214,452
12,233,664
--
18,772
6,895,056
6,913,828
(2,436,361)
12,233,664
4,477,467
Tambahan informasi aktivitas yang tidak mempengaruhi
arus kas disajikan pada Catatan 32.
Cash on Hand and in Banks
at end of Period consisting of:
Cash on Hand
Cash in Banks
Total Cash on Hand and Cash in Banks
Bank Overdraft
Total Cash on Hand, Cash in Banks,
and Bank Overdraft
Additional information of non-cash activities is presented
in Note 32.
5
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
Per 31 Maret 2017 dan 31 Desember 2016
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
1.
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS
As of March 31, 2017 and December 31, 2016
For Three Months Periods Ended
March 31, 2017 and 2016
(In Full USD, unless otherwise stated)
Umum
1. General
1.a. Pendirian dan Informasi Umum
PT
Indopoly
Swakarsa
Industry
Tbk
(Perusahaan) didirikan dalam rangka UndangUndang Penanaman Modal Asing No. 1 tahun
1967 juncto Undang-Undang No. 11 tahun 1970
berdasarkan Akta No. 114 tanggal 24 Maret
1995 dari Benny Kristianto, SH, Notaris di
Jakarta, yang diubah dengan Akta No. 214
tanggal 26 Oktober 1995 dari notaris yang
sama. Akta pendirian beserta perubahannya
telah disahkan oleh Menteri Kehakiman
Republik Indonesia daIam Surat Keputusan
No.
C2-16.943.HT.01.01.Th.95
tanggal
22 Desember 1995, dan telah diumumkan
dalam Berita Negara Republik Indonesia
No.
41,
Tambahan
No. 2019
tanggal
23 Mei 1997. Anggaran Dasar Perusahaan
telah mengalami beberapa kali perubahan,
terakhir dengan Akta Notaris No. 45 tanggal 12
Mei 2015 dari Kumala Tjahjani Widodo, SH,
MH, MKn. sehubungan dengan perubahan
Anggaran Dasar Perusahaan. Atas perubahan
ini telah tercatat di Kementerian Hukum dan
Hak Asasi Manusia Republik Indonesia
berdasarkan Surat Penerimaan Pemberitahuan
No. AHU-AH.01.03-0935588 tanggal 28 Mei
2015.
1.a. Establishment and General Information
PT Indopoly Swakarsa Industry Tbk (the
Company) was established under the Foreign
Capital Investment Law No. 1 year 1967
juncto Law No. 11 in 1970, based on Notarial
Deed No. 114 dated March 24, 1995 of Benny
Kristianto, SH, Notary in Jakarta, which
subsequently was changed with Deed No.
214 dated October 26, 1995 from the same
notary. The deed of establishment and its
amendment have been approved by the
Minister of Justice of Republic of Indonesia in
his decree No.C2-16.943.HT.01.01.Th.95
dated December 22, 1995, and has been
published in the State Gazette of the Republic
of Indonesia No. 41, Supplement No. 2019
dated May 23, 1997. The Company’s Articles
of Association have been amended several
times, most recently by the Deed No. 45
dated May 12, 2015 of Kumala Tjahjani
Widodo, SH, MH, MKn. concerning the
changes in Company’s Articles of Association.
The amended deed had been reported to the
Ministry of Law and Human Rights of the
Republic of Indonesia with Acceptance Notice
No. AHU-AH.01.03-0935588 dated May 28,
2015.
Perusahaan berkedudukan di Jakarta dengan
pabrik berlokasi di Kecamatan Bungursari,
Purwakarta, Jawa Barat dan Kantor Pusat
Perusahaan beralamat di Wisma Indosemen
lantai 5, Jalan Jenderal Sudirman Kavling 7071, Jakarta. Perusahaan mulai berproduksi
secara komersial pada tahun 1996. Hasil
produksi Perusahaan dipasarkan di dalam dan
di luar negeri.
The Company is domiciled at Jakarta with its
factory located at Subdistrict Bungursari,
Purwakarta, West Java and the Company’s
th
head office is located at Wisma Indosemen 5
floor, Jalan Jenderal Sudirman Kavling 70-71,
Jakarta.
The
Company
started
its commercial operations in 1996. The
Company’s products are distributed for local
and export.
Sesuai dengan pasal 3 Anggaran Dasar
Perusahaan,
ruang
lingkup
kegiatan
Perusahaan terutama meliputi bidang industri
plastik lembaran serta perdagangan besar dan
impor.
In accordance with Article 3 of the Company's
Articles of Association, the Company’s scope
of activities is in the plastic sheets industry
and trading and imports.
Jefflyne Golden Holdings Pte Ltd, pemegang
saham mayoritas Perusahaan, merupakan
perusahaan yang 99,9% sahamnya dimiliki oleh
Gilbert Investment Ltd.
Jefflyne Golden Holdings Pte Ltd, the
Company’s major shareholder, is 99.9%
owned by Gilbert Investment Ltd.
Draft/April 28, 2017
6
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN (Lanjutan)
Per 31 Maret 2017 dan 31 Desember 2016
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
1.b. Dewan Komisaris,
Karyawan
Dewan
Direksi,
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS (Continued)
As of March 31, 2017 and December 31, 2016
For Three Months Periods Ended
March 31, 2017 and 2016
(In Full USD, unless otherwise stated)
dan
1.b. Board of Commissioners,
Directors, and Employees
Berdasarkan Akta Pernyataan Keputusan Rapat
Pemegang
Saham
No.
12
tanggal
18 Juli 2016 oleh Notaris Kumala Tjahjani
Widodo, SH., MH., M.Kn, susunan
pengurus
Perusahaan pada tanggal 31 Maret 2017
dan 31 Desember 2016 adalah sebagai berikut:
Dewan Komisaris
Presiden Komisaris
Komisaris
Komisaris Independen
Dewan Direksi
Presiden Direktur
Wakil Presiden Direktur
Direktur
Direktur Independen
Board
of
Based on the Deed of Circular of
Shareholder’s Meeting No. 12 dated
July 18, 2016 by Notary Kumala Tjahjani
Widodo, SH., MH., M.Kn, the composition of
the Company’s management as of March 31,
2017 and December 31, 2016 are as follows:
31 Mar. 2017/
Mar. 31, 2017
31 Des. 2016/
Dec. 31, 2016
Felielyne Halim
Pancha Chandra
Irawan Sastrotanojo
Felielyne Halim
Pancha Chandra
Irawan Sastrotanojo
Henry Halim
Jeffrey Halim
Sugianto Effendi
Alexandra Bustami
Yenni Meilina Lie
Leo Firdaus
Henry Halim
Jeffrey Halim
Sugianto Effendi
Alexandra Bustami
Yenni Meilina Lie
Leo Firdaus
Kho Tiat Hong
Kho Tiat Hong
Board of Commissioners
President Commissioner
Commissioner
Independent Commissioner
Board of Dicrectors
President Director
Vice President Director
Directors
Independent Director
Pada tanggal 31 Maret 2017 dan 31 Desember
2016 jumlah karyawan tetap adalah masingmasing 1.280 dan 1.242 orang (tidak diaudit).
As of March 31, 2017 and December 31,
2016, total permanent employees are 1,280
and 1,242, respectively (unaudited).
1.c. Komite Audit
Sesuai dengan surat keputusan rapat Dewan
Komisaris tanggal 7 Oktober 2011, yang terakhir
diamandemen tanggal 2 Desember 2016,
Perusahaan membentuk Komite Audit yang
beranggotakan sebagai berikut:
1.c. Audit Committee
According to the Board of Commissioners’
decision letter dated October 7, 2011, which
letter amended dated December 2, 2016, the
Company has formed an Audit Committee
consisting of the following members:
31 Mar. 2017/
Mar. 31, 2017
Ketua Komite Audit
Anggota
31 Des. 2016/
Dec. 31, 2016
Irawan Sastrotanojo
Suanning Rudy Tanardi
Irawan Sastrotanojo
Suanning Rudy Tanardi
Komala Dewi
Komala Dewi
1.d. Struktur Entitas Anak
Perusahaan memiliki pengendalian atas entitas
anak yang dikonsolidasi sebagai berikut:
Draft/April 28, 2017
Head of Audit Committee
Members
1.d. Subsidiaries’ Structure
The Company have control over
consolidated subsidiaries as follows:
7
the
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN (Lanjutan)
Per 31 Maret 2017 dan 31 Desember 2016
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS (Continued)
As of March 31, 2017 and December 31, 2016
For Three Months Periods Ended
March 31, 2017 and 2016
(In Full USD, unless otherwise stated)
Kegiatan Usaha
Tahun
Beroperasi/
Utama/
Year of
Entitas Anak/
Main Business
Comm ercial
Kedudukan/
of Ownership
Mar . 31, 2017
Dec. 31, 2016
Subsidiaries
Activity
Operation
Domicile
%
USD
USD
Investasi/ Investment
1994
Singapura/
Singapore
89.24
87,344,910
84,001,690
Suzhou Kunlene Film
Indus tries Co Ltd *
Pabrikan/ Manufacturing of
Biax ially Oriented
Polypropylene films
2003
China
100.00
60,170,100
57,006,432
Yunnan Kunlene Film
Indus tries Co Ltd *
Pabrikan/ Manufacturing of
1994
China
100.00
26,702,982
25,686,151
Golden Polindo Industries
Pte Ltd
Ilene, Inc
Persentase
Kepemi likan/
Percentage
Total Aset/ Assets
31 Mar . 2017/
31 Des. 2016/
Biaxially Oriented
Polypropylene films
Perdagangan/ Trading of
2015
Amerika Serikat/
United States
Biax ially Orient ed
Polypropylene f ilms
100.00
1,326,662
1,711, 520
* Perusahaan yang secara tidak langsung dimiliki melalui Golden Polindo Industries Pte Ltd/
Entities indirectly owned t hrough Golden Polindo Industries Pte Ltd
Berdasarkan perjanjian Mutual Agreement on
Golden Polindo Industries Pte Ltd Shares
Transfer tanggal 2 Januari 2009, Perusahaan
bersama Jefflyne Golden Holdings Pte Ltd,
(JG), Kimpoli Pte Ltd, (KPL) dan Golden Polindo
Industries Pte Ltd (GPI) menyetujui pengalihan
saham GPI masing-masing sebanyak 242.000
lembar saham milik JG dan 4.358.000 lembar
saham milik KPL kepada Perusahaan dengan
harga pembelian masing-masing sebesar
SGD 2,098,412 dan SGD 37,829,588 atau total
sebesar SGD 39,928,000 yang mewakili
kepemilikan sebesar 89,24% di GPI. Perjanjian
mutual
ini
dieksekusi
pada
tanggal
29 Desember 2009 berdasarkan Share Sale
and Purchase Agreement tanggal 23 Desember
2009.
Based on the Mutual Agreement on Golden
Polindo Industries Pte Ltd Shares Transfer
dated January 2, 2009, between the Company
and Jefflyne Golden Holdings Pte Ltd (JG),
Kimpoli Pte Ltd (KPL) and Golden Polindo
Industries Pte Ltd (GPI), the parties had
agreed
to
the
transfer
of 242,000 GPI’s shares owned by
JG and 4,358,000 GPI’s shares owned by
KPL to the Company with the purchase price
of SGD 2,098,412 and SGD 37,829,588 or
total of SGD 39,928,000 representing 89.24%
ownership in GPI. The Mutual Agreement
executed on December 29, 2009 based on
the Share Sale and Purchase Agreement
dated December 23, 2009.
JG dan KPL merupakan entitas-entitas
yang berada dalam pengendalian yang
sama dengan Perusahaan. Oleh karena
itu, transaksi tersebut di atas dicatat
sesuai dengan PSAK 38 (Revisi 2004)
tentang “Akuntansi Restrukturisasi Entitas
Sepengendali”.
Selisih
antara
bagian
kepemilikan Perusahaan atas aset bersih
sebesar USD 25,999,582 dengan biaya
perolehan investasi sebesar USD 28,378,109
yaitu
sebesar
USD
2,378,527
dicatat
sebagai Selisih Nilai Transaksi Restrukturisasi
Entitas
Sepengendali
dan
disajikan
sebagai bagian dari ekuitas Perusahaan.
JG and KPL are entities that are under
common control with
the Company.
Accordingly, the above transaction is recorded
in conformity with PSAK 38 (Revised 2004)
concerning “Accounting for Restructuring
Companies under Common Control”. The
difference between the Company’s share on
net asset value of USD 25,999,582 and
the
investment
acquisition
cost
of
USD
28,378,109
amounting
to
USD 2,378,527 is recorded as Difference in
Value
Resulting
from
Restructuring
Transactions among Entities under Common
Control and presented as part of equity of the
Company.
Dengan demikian, laporan keuangan GPI dan
entitas anak dikonsolidasikan ke laporan
keuangan Perusahaan.
As consequence, the financial statements of
GPI and its subsidiaries are consolidated into
the Company's financial statements.
Draft/April 28, 2017
8
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN (Lanjutan)
Per 31 Maret 2017 dan 31 Desember 2016
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS (Continued)
As of March 31, 2017 and December 31, 2016
For Three Months Periods Ended
March 31, 2017 and 2016
(In Full USD, unless otherwise stated)
Pada tanggal 15 April 2015, Perusahaan
mendirikan entitas anak (Ilene Inc.) di Illinois
Amerika Serikat dengan menyetorkan modal
sebanyak 1.000 lembar saham senilai
USD 0.1.
On April 15, 2015, the Company established a
subsidiary (Ilene Inc.) in Illinois, United States
of America by depositing a capital of 1,000
shares worth USD 0.1.
Pada tanggal 27 Mei 2015, Perusahaan
mengajukan permohonan ijin usaha dan pada
tanggal 4 Juni 2015 telah memperoleh ijin dari
Pemerintah Lokal untuk melakukan usaha di
kawasan Illinois.
On May 27, 2015, the Company filed an
application for a business license and on June
4, 2015 had granted a license from the Local
Government for their business in the region
Illinois.
Dalam laporan keuangan konsolidasian ini,
Perusahaan dan entitas anak secara bersamasama disebut sebagai “Grup”.
In these consolidated financial statements,
the Company and its subsidiaries are
collectively referred as the “Group”.
1.e. Penawaran Umum Saham Perdana
Pada tanggal 30 Juni 2010, Perusahaan
memperoleh Surat Pernyataan Efektif dari
Ketua Badan Pengawas Pasar Modal dan
Lembaga
Keuangan
(Bapepam-LK)
No.
S-5908/BL/2009
untuk
melakukan
Penawaran
Umum
Saham
Perdana
2.300.178.500 lembar Saham Biasa kepada
masyarakat dengan nilai nominal Rp 100 per
saham dan harga penawaran Rp 210 per
saham.
1.e. Initial Public Offering
On June 30, 2010, the Company has obtained
an Effective Statement from the Chairman of
Capital Market Supervisory Agency and
Financial Institution (Bapepam-LK) No. S5908/BL/2009 for conducting the Company’s
Initial Public Offering of 2,300,178,500 shares
with par value of Rp 100 per share and
offering price of Rp 210 per share.
Selisih lebih jumlah yang diterima dari
pengeluaran saham terhadap nilai nominalnya
sebesar USD 27,856,103, dicatat dalam akun
“Tambahan Modal Disetor“ setelah dikurangi
total
biaya
emisi
saham
sebesar
USD 2,093,681 (Catatan 20).
The excess amount received from the
issuance of stock over its par value of
USD 27,856,103 is recorded in the “Additional
Paid-in Capital” account, after deducting stock
issuance cost of USD 2,093,681 (Note 20).
Berkenaan dengan Penawaran Umum Saham
Perdana,
Perusahaan
juga
menerbitkan
460.035.700 Waran Seri I menyertai Saham
Biasa, dimana setiap 5 saham baru berhak
memperoleh 1 Waran Seri I yang diberikan
secara cuma-cuma sebagai insentif bagi
pemegang saham baru.
In relation to this Initial Public Offering, the
Company also issued 460,035,700 Series I
Warrants, for which each holder of 5 new
shares
were
entitled
to
receive
1 Series I Warrant as incentive for new
shareholder.
Waran Seri I ini memberikan hak kepada
pemegangnya untuk melakukan pembelian
saham biasa atas nama yang bernominal
Rp 100 per saham dengan harga sebesar
Rp 250 per saham selama periode pelaksanaan
dari tanggal 10 Januari 2011 dan berakhir pada
tanggal 9 Juli 2013.
Each Series I Warrant reserves the right to
purchase common share with a par value of
Rp 100 per share at an exercise price of Rp
250 per share during the exercise period
starting from January 10, 2011 and expired on
July 9, 2013.
Pada tanggal 31 Maret 2017, sejumlah
6.443.379.509 saham Perusahaan telah tercatat
pada Bursa Efek Indonesia.
As of March 31, 2017, the total Company’s
shares listed at the Indonesia Stock Exchange
is 6,443,379,509 shares.
Draft/April 28, 2017
9
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN (Lanjutan)
Per 31 Maret 2017 dan 31 Desember 2016
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
2.
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS (Continued)
As of March 31, 2017 and December 31, 2016
For Three Months Periods Ended
March 31, 2017 and 2016
(In Full USD, unless otherwise stated)
Ikhtisar Kebijakan Akuntansi Signifikan
2. Summary of Significant Accounting Policies
2.a. Kepatuhan Terhadap Standar Akuntansi
Keuangan (SAK)
Laporan keuangan konsolidasian telah disusun
dan disajikan sesuai dengan Standar Akuntansi
Keuangan
di
Indonesia
yang
meliputi
Pernyataan Standar Akuntansi Keuangan
(PSAK)
dan
Interpretasi
Standar Akuntansi Keuangan (ISAK) yang
diterbitkan oleh Dewan Standar Akuntansi
Keuangan – Ikatan Akuntan Indonesia
(DSAK – IAI), serta peraturan Pasar Modal yang
berlaku antara lain Peraturan Otoritas Jasa
Keuangan/Badan Pengawas Pasar Modal dan
Lembaga Keuangan (OJK/Bapepam-LK) No.
VIII.G.7 tentang pedoman penyajian laporan
keuangan, keputusan Ketua Bapepam-LK
No. KEP-347/BL/2012 tentang penyajian dan
pengungkapan laporan keuangan emiten atau
perusahaan publik.
2.a.Compliance to the Financial Accounting
Standards (SAK)
The consolidated financial statements were
prepared and presented in accordance with
Indonesian Financial Accounting Standards
which include the Statements of Financial
Accounting
Standards
(PSAK)
and
Interpretation
of
Financial
Accounting
Standards (ISAK) issued by the Financial
Accounting Standard Board – Indonesian
Institute of Accountant (DSAK – IAI), and the
applicable Capital Market Regulations, among
others, Financial Sevices Authority/Capital
Market and Supervisory Board and Financial
Institution (OJK/Bapepam-LK) No. VIII.G.7
regarding guidelines for the presentation of
financial statements, and Chairman of
Bapepam-LK Decree No. KEP-347/BL/2012
regarding presentation and disclosure of
financial statements of the issuer or public
company.
2.b. Dasar Pengukuran dan Penyusunan Laporan
Keuangan Konsolidasian
Laporan keuangan konsolidasian disusun dan
disajikan berdasarkan asumsi kelangsungan
usaha serta atas dasar akrual, kecuali laporan
arus kas konsolidasian. Dasar pengukuran
dalam
penyusunan
laporan
keuangan
konsolidasian ini adalah konsep biaya
perolehan, kecuali beberapa akun tertentu yang
didasarkan pengukuran lain sebagaimana
dijelaskan dalam kebijakan akuntansi masingmasing akun tersebut. Biaya perolehan
umumnya didasarkan pada nilai wajar imbalan
yang diserahkan dalam perolehan aset.
2.b. The Basis of Measurement and Preparation
of Consolidated Financial Statements
The consolidated financial statements have
been prepared and presented based on going
concern assumption and accrual basis of
accounting, except for the consolidated
statements of cash flows.
Basis of
measurement in preparation of these
consolidated financial statements is the
historical costs concept, except for certain
accounts which have been prepared on the
basis of other measurements as described in
their respective policies. Historical cost is
generally based on the fair value of the
consideration given in exchange for assets.
Laporan arus kas konsolidasian disajikan
dengan metode langsung (direct method)
dengan mengelompokkan arus kas dalam
aktivitas operasi, investasi dan pendanaan.
The consolidated statements of cash flows are
prepared using the direct method by classifying
cash flows into operating, investing and
financing activities.
Mata uang penyajian yang digunakan dalam
penyusunan laporan keuangan konsolidasian ini
adalah Dolar Amerika Serikat (USD) yang
merupakan mata uang fungsional Perusahaan.
Mata uang fungsional entitas anak di luar negeri
adalah dalam Renminbi Cina (RMB) dan
laporan keuangan diukur berdasarkan mata
uang fungsional tersebut (Catatan 2.e).
The presentation currency used in the
preparation of the consolidated financial
statements is United States Dollar (USD),
which is the Company’s functional currency.
The foreign subsidiaries’ functional currency is
Chinese Renminbi (RMB) and their financial
statements are measured using such currency
(Note 2.e).
Draft/April 28, 2017
10
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN (Lanjutan)
Per 31 Maret 2017 dan 31 Desember 2016
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS (Continued)
As of March 31, 2017 and December 31, 2016
For Three Months Periods Ended
March 31, 2017 and 2016
(In Full USD, unless otherwise stated)
2.c. Pernyataan
dan
Interpretasi
Standar
Akuntansi Baru dan Revisi yang Berlaku
Efektif pada Tahun Berjalan
Standar dan penyesuaian standar berikut efektif
untuk periode yang dimulai pada atau setelah 1
Januari 2017 adalah sebagai berikut:
2.c. New
and
Revised
Statements
and
Interpretation of Financial Accounting
Standards Effective in the Current Year
Standard and improvements to standards
effective for periods beginning on or after
January 1, 2016, are follows:
Amendment PSAK No. 1: “Presentation of
Financial Statements”
ISAK No. 31: “Interpretation of the Scope of
PSAK No. 13: Investment Property”
PSAK No. 3 (Adjustment 2016): “Interim
Financial Statements”
PSAK No. 24 (Adjustment 2016): “Employee
Benefits”
PSAK No. 58 (Adjustment 2016): “NonCurrent Assets Held for Sale and
Discontinued Operations”
PSAK No. 60 (Adjustment 2016): “Financial
Instrument: Disclosure”
Amandemen PSAK No. 1: “Penyajian
Laporan Keuangan”
ISAK No. 31: “Interpretasi atas Ruang
Lingkup PSAK No. 13: Properti Investasi”
PSAK No. 3 (Penyesuaian 2016):
“Laporan Keuangan Interim”
PSAK No. 24 (Penyesuaian 2016):
“Imbalan Kerja”
PSAK No. 58 (Penyesuaian 2016): “Aset
Tidak Lancar yang Dimiliki untuk Dijual
dan Operasi yang Dihentikan”
PSAK No. 60 (Penyesuaian 2016):
“Instrumen Keuangan: Pengungkapan”
Standar dan amandemen standar berikut efektif
untuk periode yang dimulai pada atau setelah
tanggal 1 Januari 2018, dengan penerapan dini
diperkenankan adalah sebagai berikut:
The following standards and amendments to
standards effective for periods beginning on or
after January 1, 2018, with earlier application
permitted are as follows:
Amandemen PSAK No. 16: “Agrikultur
Tanaman Produksi”
Amandemen PSAK No. 69: “Agrikultur”
Amandemen PSAK No. 16: “Aset Tetap
tentang Agrikultur: Tanaman Produktif”
Amandemen PSAK No. 2: “Laporan Arus
Kas”
Amandemen PSAK No. 46: “Pajak
Penghasilan”
Amendment PSAK No. 16: “Agriculture Plant
Productive”
PSAK No. 69: “Agriculture”
Amendments PSAK No. 16: “Property and
Equipment on Agriculture: Plant Productive”
Amendment PSAK No. 2: “Cash Flow
Statements”
Amendment PSAK No. 46: “Income Tax”
Hingga tanggal laporan keuangan konsolidasian ini
diotorisasi, Perusahaan masih melakukan evaluasi
atas dampak potensial dari penerapan standar baru,
amandemen standar dan interpretasi standar
tersebut.
Until the date of the consolidated financial
statements being authorized, the Company is
still evaluating the potential impact of the
adoption of new standards, amendment to
standards and interpretation of the standards.
Draft/April 28, 2017
11
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN (Lanjutan)
Per 31 Maret 2017 dan 31 Desember 2016
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS (Continued)
As of March 31, 2017 and December 31, 2016
For Three Months Periods Ended
March 31, 2017 and 2016
(In Full USD, unless otherwise stated)
2.d. Prinsip-prinsip Konsolidasi
Laporan keuangan konsolidasian mencakup
laporan keuangan Perusahaan dan entitasentitas
anak
seperti
disebutkan
pada
Catatan 1.d.
2.d. Principles of Consolidation
The
consolidated
financial
statements
incorporate the financial statements of the
Company and Subsidiaries as described in
Note 1.d.
Entitas anak adalah entitas yang dikendalikan
oleh Grup, yakni Grup terekspos, atau memiliki
hak,
atas
imbal
hasil
variabel
dari
keterlibatannya dengan entitas dan memiliki
kemampuan untuk mempengaruhi imbal hasil
tersebut melalui kemampuan kini untuk
mengarahkan aktivitas relevan dari entitas
(kekuasaan atas investee).
A subsidiary is an entity controlled by
the Group, ie the Group is exposed,
or has rights, to variable returns from
its involvement with the entity and
has the ability to affect those returns
through its current ability to direct the
entity’s relevant activities (power over the
investee).
Keberadaan dan dampak dari hak suara
potensial dimana Grup memiliki kemampuan
praktis untuk melaksanakan (yakni hak
substantif) dipertimbangkan saat menilai apakah
Grup mengendalikan entitas lain.
The existence and effect of substantive
potential voting rights that the Group has the
practical ability to exercise (ie substantive
rights) are considered when assessing
whether the Group controls another entity.
Laporan keuangan Grup mencakup hasil usaha,
arus kas, aset dan liabilitas dari Perusahaan
dan seluruh entitas anak yang, secara lagsung
dan tidak langsung,
dikendalikan oleh
Perusahaan. Entitas anak dikonsolidasikan
sejak tanggal efektif akuisisi, yaitu tanggal
dimana Grup secara efektif memperoleh
pengendalian atas bisnis yang diakuisisi,
sampai tanggal pengendalian berakhir.
The Group’s financial statements incorporate
the
results,
cash
flows,
assets
and liabilities of the Company and all
of its directly and indirectly controlled
subsidiaries. Subsidiaries are consolidated
from the effective date of acquisition, which
is the date on which the Group effectively
obtains control of the acquired business,
until that control ceases.
Entitas induk menyusun laporan keuangan
konsolidasian dengan menggunakan kebijakan
akuntansi yang sama untuk transaksi dan
A
parent
prepares
consolidated
financial statements using uniform accounting
policies
for
like
transactions
peristiwa lain dalam keadaan yang serupa.
Seluruh transaksi, saldo, laba, beban, dan arus
kas dalam intra kelompok usaha terkait dengan
transaksi antar entitas dalam Grup dieliminasi
secara penuh.
and other events in similar circumstances.
All intragroup transactions, balances, income,
expenses
and
cash
flows
are eliminated in full on consolidation.
Grup mengatribusikan laba rugi dan setiap
komponen dari penghasilan komprehensif lain
kepada pemilik entitas induk dan kepentingan
nonpengendali
meskipun
hal
tersebut
mengakibatkan kepentingan nonpengendali
memiliki saldo defisit. Grup menyajikan
kepentingan nonpengendali di ekuitas dalam
laporan posisi keuangan konsolidasian, terpisah
dari ekuitas pemilik entitas induk.
The Group attributed the profit and loss and
each component of other comprehensive
income to the owners of the parent and noncontrolling interest even though this results in
the non-controlling interests having a deficit
balance. The Group presents non-controlling
interest in equity in the consolidated statement
of financial position, separately from the equity
owners of the parent.
Perubahan dalam bagian kepemilikan entitas
induk
pada
entitas
anak
yang
tidak
mengakibatkan hilangnya pengendalian adalah
transaksi ekuitas (yaitu transaksi dengan pemilik
dalam kapasitasnya sebagai pemilik). Ketika
proporsi ekuitas yang dimiliki oleh kepentingan
nonpengendali berubah, Grup menyesuaikan
Changes in the parent’s ownership interest in
a subsidiary that do not result in loss of
control are equity transactions (ie transactions
with owners in their capacity as owners).
When the proportion of equity held by noncontrolling interest change, the Group
adjusted
the
carrying
amounts
of
Draft/April 28, 2017
12
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN (Lanjutan)
Per 31 Maret 2017 dan 31 Desember 2016
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS (Continued)
As of March 31, 2017 and December 31, 2016
For Three Months Periods Ended
March 31, 2017 and 2016
(In Full USD, unless otherwise stated)
jumlah tercatat kepentingan pengendali dan
kepentingan
nonpengendali
untuk
mencerminkan perubahan kepemilikan relatifnya
dalam entitas anak. Selisih antara jumlah
dimana kepentingan nonpengendali disesuaikan
dan nilai wajar dari jumlah yang diterima
atau dibayarkan diakui langsung dalam
ekuitas dan diatribusikan pada pemilik dari
entitas induk.
the controlling interest and non-controlling
interest to reflect the changes in their
relative interest in the subsidiaries. Any
difference between the amount by which
the non-controlling interests are adjusted and
the fair value of the consideration
paid or received is recognized directly in
equity and attributed to the owners of the
parent.
Jika Grup kehilangan pengendalian,maka Grup:
(a) Menghentikan pengakuan aset (termasuk
goodwill) dan liabilitas entitas anak pada
jumlah tercatatnya ketika pengendalian
hilang;
(b) Menghentikan pengakuan jumlah tercatat
setiap kepentingan nonpengendali pada
entitas anak terdahulu ketika pengendalian
hilang
(termasuk
setiap
komponen
penghasilan
komprehensif
lain
yang
diatribusikan
pada
kepentingan
nonpengendali);
(c) Mengakui nilai wajar pembayaran yang
diterima (jika ada) dari transaksi, peristiwa,
atau
keadaan
yang
mengakibatkan
hilangnya pengendalian;
(d) Mengakui sisa investasi pada entitas anak
terdahulu pada nilai wajarnya pada tanggal
hilangnya pengendalian;
(e) Mereklasifikasi
ke
laba
rugi,
atau
mengalihkan secara langsung ke saldo laba
jika disyaratkan oleh SAK lain, jumlah yang
diakui dalam penghasilan komprehensif lain
dalam kaitan dengan entitas anak:
If the Group loses control, the Group:
(a) Derecognizes the assets (including
goodwill) and liabilities of the subsidiary
at their carrying amounts at the date
when control is lost;
(b) Derecognizes the carrying amount of any
non-controlling interests in the former
subsidiary at the date when control is
lost (including any components of other
comprehensive income attributable to
them);
(f) Mengakui
perbedaan
apapun
yang
dihasilkan
sebagai
keuntungan
atau
kerugian dalam laba rugi yang diatribusikan
kepada entitas induk.
(f)
(c) Recognizes the fair value of the
consideration received, if any, from the
transaction, event or circumstances that
resulted in the loss of control;
(d) Recognizes any investment retained in
the former subsidiary at fair value at the
date when control is lost;
(e) Reclassifies to profit or loss, or transfer
directly to retained earnings if required
by other SAKs, the amount recognized in
other
comprehensive
income
in relation to the subsidiary;
Recognizes any resulting difference as a
gain or loss attributable to the parent.
2.e. Transaksi dan Saldo Dalam Mata Uang Asing
Dalam menyiapkan laporan keuangan, setiap
entitas di dalam Grup mencatat dengan
menggunakan mata uang dari lingkungan
ekonomi utama di mana entitas beroperasi
(“mata uang fungsional”). Mata uang fungsional
Perusahaan dan Ilene Inc adalah Dolar Amerika
Serikat (USD), sedangkan mata uang
fungsional Golden Polindo Industries Pte. Ltd.,
Suzhou Kunlene Film Industries Co, Ltd dan
Yunnan Kunlene Film Industries Co, Ltd adalah
Renminbi China (RMB).
2.e. Foreign
Currency
Transaction
and
Balances
In preparing financial statements, each of the
entities within the Group record by using the
currency of the primary economic environment
in which the entity operates (“the functional
currency”). The functional currency of the
Company and Ilene Inc are United States
Dollar (USD), while the functional currency for
Golden Polindo Industries Pte. Ltd., Suzhou
Kunlene Film Industries Co, Ltd and Yunnan
Kunlene Film Industries Co, Ltd are China
Renminbi (RMB).
Mata uang fungsional Golden Polindo Industries
Pte. Ltd., entitas anak adalah Renminbi China
The functional currency of Golden Polindo
Industries Pte. Ltd., a subsidiary, is China
Draft/April 28, 2017
13
PT INDOPOLY SWAKARSA INDUSTRY Tbk
DAN ENTITAS ANAK
PT INDOPOLY SWAKARSA INDUSTRY Tbk
AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN (Lanjutan)
Per 31 Maret 2017 dan 31 Desember 2016
Untuk Periode Tiga Bulan yang Berakhir Pada
31 Maret 2017 dan 2016
(Dalam USD Penuh, kecuali dinyatakan lain)
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS (Continued)
As of March 31, 2017 and December 31, 2016
For Three Months Periods Ended
March 31, 2017 and 2016
(In Full USD, unless otherwise stated)
(RMB). Untuk tujuan penyajian laporan
keuangan konsolidasian, aset dan liabilitas
Golden Polindo Industries Pte. Ltd., pada
tanggal laporan dijabarkan menggunakan kurs
penutup yang berlaku pada tanggal laporan
posisi keuangan, sedangkan pendapatan dan
beban dijabarkan dengan menggunakan kurs
rata-rata. Selisih kurs yang dihasilkan diakui
dalam penghasilan komprehensif lain.
Renminbi (RMB). For presentation purposes of
consolidated financial statements, assets and
liabilities of Golden Polindo Industries Pte.
Ltd., Ltd at reporting date are translated at the
closing rate at statement of financial position
date, while revenues and expenses are
translated using average rate for the period.
All resulting exchange differences shall be
recognized in other comprehensive income.
Pada akhir periode pelaporan, pos moneter
dalam mata uang asing dijabarkan ke dalam
USD menggunakan kurs penutup, yaitu kurs
tengah
Bank
Indonesia
pada
31 Maret 2017 dan 31 Desember 2016 sebagai
berikut:
At the end of reporting period, foreign currency
monetary items are translated to USD using
the closing rate, i.e middle rate of Bank of
Indonesia at March 31, 2017 and December
31, 2016 as follows:
1 Rupiah I ndonesia (IDR)
1 Dolar Singapura (SGD)
1 Renmimbi China (RMB)
1 Euro (EUR)
1 Baht Thailand (THB)
1 Dolar Australia (AUD)
31 Mar. 2017/
Mar. 31, 2017
1/13,321
9,532.04/13,321
1,930.78/13,321
14,228.17/13,321
386.62/13,321
10,185.92/13,321
31 Des. 2016/
Dec. 31, 2016
1/13,436
9,298.92/13,436
1,936.86/13,436
14,161.55/13,436
375.15/13,436
9,724.31/13436
1 Indonesian Rupiah (IDR)
1 Singapore Dollar (SGD)
1 China Renmimbi (RMB)
1 Euro (EUR)
1 Thailand Baht (THB)
1 Australia Dollar (AUD)
Selisih kurs yang timbul dari penyelesaian pos
moneter dan dari penjabaran pos moneter
dalam mata uang asing diakui dalam laba rugi.
Exchange differences arising on the
settlement of monetary items and from
translating monetary items in foreign
currencies are recognized in profit or loss.
2.f. Persediaan
Persediaan dinyatakan berdasarkan jumlah
terendah antara biaya perolehan dan nilai
realisasi neto. Biaya persediaan terdiri dari
seluruh biaya pembelian, biaya konversi,
dan biaya lain yang timbul sampai persediaan
berada dalam kondisi dan lokasi saat ini.
2.f. Inventories
Inventories are carried at the lower of cost
and net realizable value. The cost of
inventories comprise all costs of purchase,
costs of conversion and other costs
incurred in bringing the inventories to their
present location and condition.
Biaya perolehan ditentukan dengan metode
rata-rata tertimbang. Nilai realisasi neto
merupakan taksiran harga jual dalam kegiatan
usaha
biasa
dikurangi
estimasi
biaya
penyelesaian dan estimasi biaya yang
diperlukan untuk membuat penjualan.
Cost is determined usin