IR PTKS M92012 Results
M9 2012 RESULTS
Jakarta, November 2012
PT Krakatau Steel (Persero) Tbk.
IDX
: KRAS
Reuters
: KRAS.JK
Bloomberg
: KRAS.IJ
ANNOUNCEMENT OF NINE MONTH 2012 RESULTS
Financial Highlights
Market Capitalization - as of September 30, 2012
(IDR million)
10,569,250
Issued shares - as of September 30, 2012
(million shares)
15,775
Share price (Closing), IDR
2 January 2012
30 September 2012
3 month high
3 month low
Description (Rp bn)
Revenue
Cost of Revenues
M9 2012
15,878
14,728
M9 2011
12,654
11,443
Change (%)
25.5
28.7
1,150
978
1,210
961
-5.0
1.8
172
878
5
0.3
23,376
(287)
250
834
1,044
66.2
20,730
(207)
-31.1
5.2
-99.5
-99.5
12.8
38.7
Gross Profit
Operating Expenses
Operating Income
EBITDA
Net Income
EPS (Rp/share)
Total Assets
Interest Expenses
840
670
810
650
Ratio
President Director
Irvan Kamal Hakim
Production Director
Hilman Hasyim
Gross Margin
Operating Margin
Net Margin
EBITDA Margin
Debt to Equity
Debt to Assets
Return on Equity (ROE) *
Return on Assets (ROA) *
Finance Director
Sukandar
* return M9 2012 & M9 2011 in 9 months
Marketing Director
Yerry
Logistics Director
Imam Purwanto
Human Resources Director
Dadang Danusiri
Technology and Business
Development Director
Widodo Setiadharmaji
Shareholders composition - as of September 30, 2012
Government of Indonesia
80.00%
Public
20.00%
Board of Directors
Consolidated Subsidiaries
PT Krakatau Wajatama
PT KHI Pipe Industries
PT Meratus Jaya Iron & Steel
PT Krakatau Daya Listrik
PT Krakatau Tirta Industri
PT Krakatau Bandar Samudera
PT Krakatau Industrial Estate Cilegon
PT Krakatau Engineering
PT Krakatau Information Technology
PT Krakatau Medika
Website
http://www.krakatausteel.com
Investor Relations
Jakarta Office
PT Krakatau Steel (Persero) Tbk.
Gedung Krakatau Steel, lantai 9
Jl. Jend. Gatot Subroto Kav. 54
Jakarta Selatan 12950
Cilegon Office
Gedung ADB, Jl. Industri No. 5 P.O.Box 14
Cilegon, Banten 42435
M9 2012
7.24%
1.08%
0.03%
5.53%
98.04%
42.45%
0.05%
0.02%
M9 2011
9.57%
1.97%
8.25%
6.59%
70.74%
35.52%
10.03%
5.45%
Net revenues in M9 2012 grew 25.5% Year-on-Year (YoY) to Rp 15.9
trillion, triggered by a 16.3% YoY increase in steel sales volume and
in contribution from non-steel revenues, mainly from the engineering
and construction services.
However, cost of revenues increased 28.7% YoY to Rp 14.7 trillion, in
line with the increase in net revenues, resulting in a 5.0% YoY
decrease in gross profit. Higher volume and price (in rupiah) of
purchased slabs also contributed to the increase in cost of revenues.
Net income dropped 99.5% YoY to Rp 5.4 billion due to higher
interest expenses, which rose 38.7% YoY to Rp 287.3 billion.
Futhermore, the company booked a loss on foreign exchange of Rp
197.0 billion in M9 2012 compared to Rp 40.5 billion in gain on foreign
exchange during the same period last year. The foreign exchange
loss was due to the weaker rupiah exchange rate against the euro
and the U.S. dollar. In addition, the company only booked Rp 73.9
billion in gain on transfer of fixed assets in M9 2012 compared to Rp
745.4 billion in M9 2011.
EBITDA, on the other hand, rose 5.2% YoY to Rp 877.8 billion due to
a sharp increase in capitalized borrowing costs on construction in
progress and higher depreciation charges.
DISCLAIMER
Phone
Fax
Email
: (+62 21) 5253552
: (+62 21) 5200661
: [email protected]
Phone
Fax
Email
: (+62 254) 372301
: (+62 254) 372303
: [email protected]
This document contains financial conditions and result of operation, and may also contain certain projections, plans,
strategies, and objectives of the Company, which would be treated as forward looking statements within the
meaning of applicable law. Forward looking statements, by their nature, involve risk and uncertainty that could
cause actual results and development to differ materially from those expressed or implied in these statements. PT
Krakatau Steel (Persero) Tbk does not guarantee that any action, which should have been taken in reliance on this
document will bring specific results as expected.
M9 2012 RESULTS
MARKETING RESULTS
Steel Sales
(tons)
HRC
CRC
WR
Bars
Sections
Pipes (spiral & ERW)
Total
M9 2012
M9 2011
Change (%)
846,617
385,795
174,312
181,823
78,495
49,069
1,716,112
772,406
270,895
149,735
136,051
79,674
66,853
1,475,613
9.6
42.4
16.4
33.6
-1.5
-26.6
16.3
Average Selling Price
Rp/kg
HRC
CRC
WR
Bars
Sections
Pipes (spiral & ERW)
Steel demand in Asia remained weak during Q3 2012,
which caused a sharp decline in steel prices in the region.
The decline in steel prices in Asia affected prices in
domestic market.
Change (%)
7,263
8,320
7,125
6,365
8,123
10,851
7,691
8,883
6,812
6,613
7,747
8,440
-5.6
-6.3
4.6
-3.7
4.9
28.6
Pipes (spiral &
ERW)
3.23%
Bars
10.49%
HRC
49.41%
WR
10.06%
CRC
22.27%
Capacity utilization
100%
OPERATIONAL RESULTS
M9 2012
333,341
440,016
1,367,308
M9 2011
Sections
4.53%
Sales Volume
However, sales volume of Krakatau Steel grew 16.3%
YoY to 1,716,112 tons in M9 2012 on the back of stronger
demand from general structure sector. The increase in
sales volume signals improvement in steel consumption in
Indonesia, mainly from construction, manufacturing and
infrastructure sectors.
Production (tons)
Sponge Iron
Slab
HRC
M9 2012
M9 2011
918,658
746,935
1,299,224
Change (%)
-63.7%
-41.1%
5.2%
82%
80%
72%
55%
60%
40%
76%
33%
30%
20%
0%
Direct Reduction Plant
Slab Steel Plant
M9 2011
Hot Strip Mill
M9 2012
Production of HRC in M9 2012 increased 5.2% YoY to 1,367,308 tons and utilization rose to 76%. However, sponge
iron and slab steel production dropped 63.7% YoY and 41.1% YoY, respectively.
The decline in sponge iron and slab steel production was due to the revitalization process of the Direct Reduction Plant
(DRP) and the Slab Steel Plant (SSP). The start up of the revitalized DRP, which was scheduled for May 2012, was
delayed due to technical problems following the installation of the Zero Reformer technology.
The company purchased slabs to substitute the decrease in sponge iron production, which resulted in higher volume of
purchased slabs. Iron ore pellets purchases, on the other hand, decreased as a result of the delay in the start up of
DRP.
PT Krakatau Steel (Persero) Tbk - 2
M9 2012 RESULTS
BALANCE SHEET (in billion rupiah)
NERACA
ASET
ASET LANCAR
Kas dan setara kas
Investasi jangka pendek
Deposito yang dibatasi penggunaannya
Piutang Usaha - bersih
Piutang lain-lain - bersih
Persediaan - bersih
Uang muka dan biaya dibayar dimuka
Pajak dibayar dimuka
Factoring
Pekerjaan dalam Penyelesaian
Jumlah Aset Lancar
ASET TIDAK LANCAR
Taksiran tagihan pajak
Investasi pada saham - bersih
Aset pajak tangguhan - bersih
Aset tetap - bersih
Aset lain-lain
Jumlah Aset Tidak Lancar
JUMLAH ASET
LIABILITAS DAN EKUITAS
LIABILITAS LANCAR
Hutang bank jangka pendek
Hutang usaha
Hutang lain-lain
Hutang pajak
Biaya yang masih harus dibayar
Uang muka penjualan dan lainya
Bagian pinjaman jk panjang yg jth tempo 1 th
Bagian liabilities jk panjang yg jth tempo 1 th
Factoring
Jumlah Liabilitas Lancar
LIABILITAS TIDAK LANCAR
Liabilities pajak tangguhan - bersih
Uang muka konstruksi, bagian jangka panjang
Pinjaman jk panjang stl dikurangi jth tempo 1 th
Liabilities jk panjang stl dikurangi jth tempo 1 th
Liabilities kesejahteraan
Jumlah Liabilitas Tidak Lancar
JUMLAH LIABILITAS
9/30/2012
Unaudited
12/31/2011
Audited
As represented
2,322
76
3,594
162
3,612
107
6,684
418
78
2,234
142
6,804
278
-
13,296
13,213
ASSETS
CURRENT ASSETS
Cash & cash equivalents
Short-term investments
Restricted time deposits
Trade receivables (net)
Other receivables (net)
Inventories (net)
Advances and prepaid expenses
Prepaid taxes
Factoring
Construction in progress
Total Current Assets
723
2,222
158
6,691
287
10,080
23,376
506
1,626
30
5,644
493
8,298
21,512
NON CURRENT ASSETS
Estimated claims for tax refund
Investments in shares of stock (net)
Deferred tax assets (net)
Fixed Asset (net)
Other assets
Total Non Current Assets
TOTAL ASSETS
8,291
1,596
134
167
254
525
224
28
11,219
5,812
2,009
345
126
255
466
187
4
9,205
16
227
1,409
46
337
2,035
13,254
47
227
1,313
55
310
1,952
11,157
EKUITAS
Modal saham
Par valuel Rp.500 (full amount) per share as of
September 30, 2011 and December 31, 2010
par value Rp.1,000,000 (full amount) per share as of
January 1, 2010/December 31, 2009
Modal dasar
Authorized capital
40.000.000.000 saham pada tahun 2011 dan 2010
8.000.000.000 saham pada 31 Maret 2010
40.000.000.000 shares in 31/3/2011 and 31/12/2010
8.000.000.000 shares in 31 Maret 2010
7,888
7,888
15.775.000.000 saham pada tahun 2011 dan 2010
2.000.000 saham pada 31 Maret 2010
Tambahan modal disetor
Modal disetor lainnya
Selisih transaksi perubahan ekuitas AP
LIABILITIES
Current Liabilities
Short-term bank loans
Trade payables
Other payables
Taxes payable
Accrued expenses
Sales and other advances
Current portion of LT loans
Current portion of LT liability
Factoring
Total Current Liabilities
NON CURRENT LIABILITIES
Deferred tax liabilities, net
Advance for construction, long term portion
LT loans, net of current portion
LT liabilities, net of current portion
Estimated liabilities for employee benefits
Total Non Current Liabilities
TOTAL LIABILITIES
SHAREHOLDER'S EQUITY
Share capital
nominal Rp.500 (angka penuh) per saham pada tanggal
30 September 2010 dan 31 Desember 2010
nominal Rp.1.000.000 (angka penuh) per saham pada
tanggal 1 Januari 2010/31 Desember 2009
Modal ditempatkan dan disetor penuh
BALANCE SHEET
Issued and fully paid
15.775.000.000 shares in 31/3/2011 dan 31/12/2010
2.000.000 shares in 31 Maret 2010
1,016
6
18
1,016
18
Komponen ekuitas lainnya
Saldo laba
Dicadangkan
Tidak dicadangkan
Saldo laba, net
Kepentingan Non Pengendali
Total Ekuitas
(33)
(33)
1,394
(339)
1,056
172
10,122
1,344
(52)
1,292
174
10,355
JUMLAH LIABILITAS DAN EKUITAS
23,376
21,512
Additional paid-in capital, net
Other paid-in capital
Difference arising from transactions resulting in
change in the equity of Subsidiary
Other equity components
Retained earnings
Appropriiated
Unappropriated
Retain Earning, net
Non-controlling interest
Equities, net
TOTAL LIABILITIES AND EQUITY
See accompanying notes to consolidated financial statements, which form an integral part of the consolidated financial statements.
PT Krakatau Steel (Persero) Tbk - 3
M9 2012 RESULTS
INCOME STATEMENT (in billion rupiah)
LAPORAN LABA RUGI
Pendapatan bersih
Beban pokok pendapatan
Laba (rugi) kotor
Beban Usaha
Distribusi dan Penjualan
Administrasi
Laba (rugi) operasi
Penghasilan (beban) lain-lain
Laba (rugi) selisih kurs
Beban bunga
Penjualan limbah produksi
Pendapatan bunga
Laba penyelesaian kewajiban imbalan pasca kerja
Laba pengalihan aset tetap
Laba pematangan tanah
Kepentingan non pengendali atas (laba) rugi
bersih Anak Perusahaan
Bagian laba (rugi) entitas asosiasi
Lain-lain bersih
Laba sebelum beban (manfaat) pajak
Beban (manfaat) pajak - bersih
Total Pendapatan komprehensif tahun berjalan
9/30/2012
(Unaudited)
9/30/2011
(Unaudited)
15,878
14,728
1,150
12,654
11,443
1,210
289
689
172
202
758
250
(197)
(287)
1
72
41
(207)
66
100
74
14
142
(9)
(14)
5
745
51
110
1,156
112
1,044
Hak minoritas atas laba bersih anak perusahaan
Pos Luar Biasa setelah pajak
Laba Per Saham Dasar dan Dilusian
(dalam Rupiah penuh)
PROFIT & LOSS STATEMENT
Net Revenues
Cost of Revenues
Gross Profit
Operating Expenses
Distribution and sales
Administration
Income from Operations
Other Income
Gain on foreign exchange
Interest Expense
Sales of waste products
Interest income
Gain from post retirement healthcare liab
Gain on transfer of fixed asset
Gain on site preparation work
Non-controlling interest in net (income) loss of
Subsidiaries
Profit (loss) associated company
Miscelaneous, net
Income Before Tax
Tax Expense (Benefit)
Total comprehensive income for the year
Minority Interest in net (income) loss of Subssidiaries
0
66
Basic Income Per Share
(in full Rupiah amount)
See accompanying notes to consolidated financial statements, which form an integral part of the consolidated financial statements.
PT Krakatau Steel (Persero) Tbk - 4
Jakarta, November 2012
PT Krakatau Steel (Persero) Tbk.
IDX
: KRAS
Reuters
: KRAS.JK
Bloomberg
: KRAS.IJ
ANNOUNCEMENT OF NINE MONTH 2012 RESULTS
Financial Highlights
Market Capitalization - as of September 30, 2012
(IDR million)
10,569,250
Issued shares - as of September 30, 2012
(million shares)
15,775
Share price (Closing), IDR
2 January 2012
30 September 2012
3 month high
3 month low
Description (Rp bn)
Revenue
Cost of Revenues
M9 2012
15,878
14,728
M9 2011
12,654
11,443
Change (%)
25.5
28.7
1,150
978
1,210
961
-5.0
1.8
172
878
5
0.3
23,376
(287)
250
834
1,044
66.2
20,730
(207)
-31.1
5.2
-99.5
-99.5
12.8
38.7
Gross Profit
Operating Expenses
Operating Income
EBITDA
Net Income
EPS (Rp/share)
Total Assets
Interest Expenses
840
670
810
650
Ratio
President Director
Irvan Kamal Hakim
Production Director
Hilman Hasyim
Gross Margin
Operating Margin
Net Margin
EBITDA Margin
Debt to Equity
Debt to Assets
Return on Equity (ROE) *
Return on Assets (ROA) *
Finance Director
Sukandar
* return M9 2012 & M9 2011 in 9 months
Marketing Director
Yerry
Logistics Director
Imam Purwanto
Human Resources Director
Dadang Danusiri
Technology and Business
Development Director
Widodo Setiadharmaji
Shareholders composition - as of September 30, 2012
Government of Indonesia
80.00%
Public
20.00%
Board of Directors
Consolidated Subsidiaries
PT Krakatau Wajatama
PT KHI Pipe Industries
PT Meratus Jaya Iron & Steel
PT Krakatau Daya Listrik
PT Krakatau Tirta Industri
PT Krakatau Bandar Samudera
PT Krakatau Industrial Estate Cilegon
PT Krakatau Engineering
PT Krakatau Information Technology
PT Krakatau Medika
Website
http://www.krakatausteel.com
Investor Relations
Jakarta Office
PT Krakatau Steel (Persero) Tbk.
Gedung Krakatau Steel, lantai 9
Jl. Jend. Gatot Subroto Kav. 54
Jakarta Selatan 12950
Cilegon Office
Gedung ADB, Jl. Industri No. 5 P.O.Box 14
Cilegon, Banten 42435
M9 2012
7.24%
1.08%
0.03%
5.53%
98.04%
42.45%
0.05%
0.02%
M9 2011
9.57%
1.97%
8.25%
6.59%
70.74%
35.52%
10.03%
5.45%
Net revenues in M9 2012 grew 25.5% Year-on-Year (YoY) to Rp 15.9
trillion, triggered by a 16.3% YoY increase in steel sales volume and
in contribution from non-steel revenues, mainly from the engineering
and construction services.
However, cost of revenues increased 28.7% YoY to Rp 14.7 trillion, in
line with the increase in net revenues, resulting in a 5.0% YoY
decrease in gross profit. Higher volume and price (in rupiah) of
purchased slabs also contributed to the increase in cost of revenues.
Net income dropped 99.5% YoY to Rp 5.4 billion due to higher
interest expenses, which rose 38.7% YoY to Rp 287.3 billion.
Futhermore, the company booked a loss on foreign exchange of Rp
197.0 billion in M9 2012 compared to Rp 40.5 billion in gain on foreign
exchange during the same period last year. The foreign exchange
loss was due to the weaker rupiah exchange rate against the euro
and the U.S. dollar. In addition, the company only booked Rp 73.9
billion in gain on transfer of fixed assets in M9 2012 compared to Rp
745.4 billion in M9 2011.
EBITDA, on the other hand, rose 5.2% YoY to Rp 877.8 billion due to
a sharp increase in capitalized borrowing costs on construction in
progress and higher depreciation charges.
DISCLAIMER
Phone
Fax
: (+62 21) 5253552
: (+62 21) 5200661
: [email protected]
Phone
Fax
: (+62 254) 372301
: (+62 254) 372303
: [email protected]
This document contains financial conditions and result of operation, and may also contain certain projections, plans,
strategies, and objectives of the Company, which would be treated as forward looking statements within the
meaning of applicable law. Forward looking statements, by their nature, involve risk and uncertainty that could
cause actual results and development to differ materially from those expressed or implied in these statements. PT
Krakatau Steel (Persero) Tbk does not guarantee that any action, which should have been taken in reliance on this
document will bring specific results as expected.
M9 2012 RESULTS
MARKETING RESULTS
Steel Sales
(tons)
HRC
CRC
WR
Bars
Sections
Pipes (spiral & ERW)
Total
M9 2012
M9 2011
Change (%)
846,617
385,795
174,312
181,823
78,495
49,069
1,716,112
772,406
270,895
149,735
136,051
79,674
66,853
1,475,613
9.6
42.4
16.4
33.6
-1.5
-26.6
16.3
Average Selling Price
Rp/kg
HRC
CRC
WR
Bars
Sections
Pipes (spiral & ERW)
Steel demand in Asia remained weak during Q3 2012,
which caused a sharp decline in steel prices in the region.
The decline in steel prices in Asia affected prices in
domestic market.
Change (%)
7,263
8,320
7,125
6,365
8,123
10,851
7,691
8,883
6,812
6,613
7,747
8,440
-5.6
-6.3
4.6
-3.7
4.9
28.6
Pipes (spiral &
ERW)
3.23%
Bars
10.49%
HRC
49.41%
WR
10.06%
CRC
22.27%
Capacity utilization
100%
OPERATIONAL RESULTS
M9 2012
333,341
440,016
1,367,308
M9 2011
Sections
4.53%
Sales Volume
However, sales volume of Krakatau Steel grew 16.3%
YoY to 1,716,112 tons in M9 2012 on the back of stronger
demand from general structure sector. The increase in
sales volume signals improvement in steel consumption in
Indonesia, mainly from construction, manufacturing and
infrastructure sectors.
Production (tons)
Sponge Iron
Slab
HRC
M9 2012
M9 2011
918,658
746,935
1,299,224
Change (%)
-63.7%
-41.1%
5.2%
82%
80%
72%
55%
60%
40%
76%
33%
30%
20%
0%
Direct Reduction Plant
Slab Steel Plant
M9 2011
Hot Strip Mill
M9 2012
Production of HRC in M9 2012 increased 5.2% YoY to 1,367,308 tons and utilization rose to 76%. However, sponge
iron and slab steel production dropped 63.7% YoY and 41.1% YoY, respectively.
The decline in sponge iron and slab steel production was due to the revitalization process of the Direct Reduction Plant
(DRP) and the Slab Steel Plant (SSP). The start up of the revitalized DRP, which was scheduled for May 2012, was
delayed due to technical problems following the installation of the Zero Reformer technology.
The company purchased slabs to substitute the decrease in sponge iron production, which resulted in higher volume of
purchased slabs. Iron ore pellets purchases, on the other hand, decreased as a result of the delay in the start up of
DRP.
PT Krakatau Steel (Persero) Tbk - 2
M9 2012 RESULTS
BALANCE SHEET (in billion rupiah)
NERACA
ASET
ASET LANCAR
Kas dan setara kas
Investasi jangka pendek
Deposito yang dibatasi penggunaannya
Piutang Usaha - bersih
Piutang lain-lain - bersih
Persediaan - bersih
Uang muka dan biaya dibayar dimuka
Pajak dibayar dimuka
Factoring
Pekerjaan dalam Penyelesaian
Jumlah Aset Lancar
ASET TIDAK LANCAR
Taksiran tagihan pajak
Investasi pada saham - bersih
Aset pajak tangguhan - bersih
Aset tetap - bersih
Aset lain-lain
Jumlah Aset Tidak Lancar
JUMLAH ASET
LIABILITAS DAN EKUITAS
LIABILITAS LANCAR
Hutang bank jangka pendek
Hutang usaha
Hutang lain-lain
Hutang pajak
Biaya yang masih harus dibayar
Uang muka penjualan dan lainya
Bagian pinjaman jk panjang yg jth tempo 1 th
Bagian liabilities jk panjang yg jth tempo 1 th
Factoring
Jumlah Liabilitas Lancar
LIABILITAS TIDAK LANCAR
Liabilities pajak tangguhan - bersih
Uang muka konstruksi, bagian jangka panjang
Pinjaman jk panjang stl dikurangi jth tempo 1 th
Liabilities jk panjang stl dikurangi jth tempo 1 th
Liabilities kesejahteraan
Jumlah Liabilitas Tidak Lancar
JUMLAH LIABILITAS
9/30/2012
Unaudited
12/31/2011
Audited
As represented
2,322
76
3,594
162
3,612
107
6,684
418
78
2,234
142
6,804
278
-
13,296
13,213
ASSETS
CURRENT ASSETS
Cash & cash equivalents
Short-term investments
Restricted time deposits
Trade receivables (net)
Other receivables (net)
Inventories (net)
Advances and prepaid expenses
Prepaid taxes
Factoring
Construction in progress
Total Current Assets
723
2,222
158
6,691
287
10,080
23,376
506
1,626
30
5,644
493
8,298
21,512
NON CURRENT ASSETS
Estimated claims for tax refund
Investments in shares of stock (net)
Deferred tax assets (net)
Fixed Asset (net)
Other assets
Total Non Current Assets
TOTAL ASSETS
8,291
1,596
134
167
254
525
224
28
11,219
5,812
2,009
345
126
255
466
187
4
9,205
16
227
1,409
46
337
2,035
13,254
47
227
1,313
55
310
1,952
11,157
EKUITAS
Modal saham
Par valuel Rp.500 (full amount) per share as of
September 30, 2011 and December 31, 2010
par value Rp.1,000,000 (full amount) per share as of
January 1, 2010/December 31, 2009
Modal dasar
Authorized capital
40.000.000.000 saham pada tahun 2011 dan 2010
8.000.000.000 saham pada 31 Maret 2010
40.000.000.000 shares in 31/3/2011 and 31/12/2010
8.000.000.000 shares in 31 Maret 2010
7,888
7,888
15.775.000.000 saham pada tahun 2011 dan 2010
2.000.000 saham pada 31 Maret 2010
Tambahan modal disetor
Modal disetor lainnya
Selisih transaksi perubahan ekuitas AP
LIABILITIES
Current Liabilities
Short-term bank loans
Trade payables
Other payables
Taxes payable
Accrued expenses
Sales and other advances
Current portion of LT loans
Current portion of LT liability
Factoring
Total Current Liabilities
NON CURRENT LIABILITIES
Deferred tax liabilities, net
Advance for construction, long term portion
LT loans, net of current portion
LT liabilities, net of current portion
Estimated liabilities for employee benefits
Total Non Current Liabilities
TOTAL LIABILITIES
SHAREHOLDER'S EQUITY
Share capital
nominal Rp.500 (angka penuh) per saham pada tanggal
30 September 2010 dan 31 Desember 2010
nominal Rp.1.000.000 (angka penuh) per saham pada
tanggal 1 Januari 2010/31 Desember 2009
Modal ditempatkan dan disetor penuh
BALANCE SHEET
Issued and fully paid
15.775.000.000 shares in 31/3/2011 dan 31/12/2010
2.000.000 shares in 31 Maret 2010
1,016
6
18
1,016
18
Komponen ekuitas lainnya
Saldo laba
Dicadangkan
Tidak dicadangkan
Saldo laba, net
Kepentingan Non Pengendali
Total Ekuitas
(33)
(33)
1,394
(339)
1,056
172
10,122
1,344
(52)
1,292
174
10,355
JUMLAH LIABILITAS DAN EKUITAS
23,376
21,512
Additional paid-in capital, net
Other paid-in capital
Difference arising from transactions resulting in
change in the equity of Subsidiary
Other equity components
Retained earnings
Appropriiated
Unappropriated
Retain Earning, net
Non-controlling interest
Equities, net
TOTAL LIABILITIES AND EQUITY
See accompanying notes to consolidated financial statements, which form an integral part of the consolidated financial statements.
PT Krakatau Steel (Persero) Tbk - 3
M9 2012 RESULTS
INCOME STATEMENT (in billion rupiah)
LAPORAN LABA RUGI
Pendapatan bersih
Beban pokok pendapatan
Laba (rugi) kotor
Beban Usaha
Distribusi dan Penjualan
Administrasi
Laba (rugi) operasi
Penghasilan (beban) lain-lain
Laba (rugi) selisih kurs
Beban bunga
Penjualan limbah produksi
Pendapatan bunga
Laba penyelesaian kewajiban imbalan pasca kerja
Laba pengalihan aset tetap
Laba pematangan tanah
Kepentingan non pengendali atas (laba) rugi
bersih Anak Perusahaan
Bagian laba (rugi) entitas asosiasi
Lain-lain bersih
Laba sebelum beban (manfaat) pajak
Beban (manfaat) pajak - bersih
Total Pendapatan komprehensif tahun berjalan
9/30/2012
(Unaudited)
9/30/2011
(Unaudited)
15,878
14,728
1,150
12,654
11,443
1,210
289
689
172
202
758
250
(197)
(287)
1
72
41
(207)
66
100
74
14
142
(9)
(14)
5
745
51
110
1,156
112
1,044
Hak minoritas atas laba bersih anak perusahaan
Pos Luar Biasa setelah pajak
Laba Per Saham Dasar dan Dilusian
(dalam Rupiah penuh)
PROFIT & LOSS STATEMENT
Net Revenues
Cost of Revenues
Gross Profit
Operating Expenses
Distribution and sales
Administration
Income from Operations
Other Income
Gain on foreign exchange
Interest Expense
Sales of waste products
Interest income
Gain from post retirement healthcare liab
Gain on transfer of fixed asset
Gain on site preparation work
Non-controlling interest in net (income) loss of
Subsidiaries
Profit (loss) associated company
Miscelaneous, net
Income Before Tax
Tax Expense (Benefit)
Total comprehensive income for the year
Minority Interest in net (income) loss of Subssidiaries
0
66
Basic Income Per Share
(in full Rupiah amount)
See accompanying notes to consolidated financial statements, which form an integral part of the consolidated financial statements.
PT Krakatau Steel (Persero) Tbk - 4