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K R A K A T A U S T E E L

P A R T N E R S H I P F O R S U S T A I N A B L E G R O W T H

(95)

(96)

(97)

(98)

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

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

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

PT KRAKATAU STEEL (PERSERO) TBK DAN ANAK PERUSAHAAN

NERACA KONSOLIDASI 31 Desember 2010 dan 2009 (Disajikan dalam jutaan Rupiah,

Kecuali Dinyatakan Lain)

PT KRAKATAU STEEL (PERSERO) TBK AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS December 31, 2010 and 2009 (Expressed in millions of Rupiah,

Unless Otherwise Stated)

Catatan/

2010 Notes 2009

ASET ASSETS

ASET LANCAR CURRENT ASSETS

Kas dan setara kas 4.193.598 2c,2n,2q, 1.759.964 Cash and cash equivalents

3,30,34

Investasi jangka pendek - 2d,2q,4,30 142.550 Short-term investments

Deposito berjangka yang 2c,2q,

dibatasi penggunaannya 27.000 5,30 - Restricted time deposits

Piutang usaha 2e,2n,2q, Trade receivables

(setelah dikurangi cadangan 6,14,20, (net of allowance for

penurunan nilai sebesar 30,34 impairment of Rp43,963

Rp43.963 pada tahun 2010 dan in 2010 and Rp38,122

Rp38.122 pada tahun 2009) in 2009)

Pihak ketiga 1.170.922 1.572.725 Third parties

Pihak yang mempunyai hubungan

istimewa 13.416 2f,8 69.487 Related parties

Piutang lain-lain 2e,2n,2q, Other receivables

(setelah dikurangi cadangan 7,30,34 (net of allowance for

penurunan nilai sebesar impairment of Rp6,912

Rp6.912 pada tahun 2010 dan in 2010 and Rp6,685

Rp6.685 pada tahun 2009) in 2009)

Pihak ketiga 73.584 54.858 Third parties

Pihak yang mempunyai hubungan

istimewa 8.489 2f,8 2.658 Related parties

Persediaan, bersih 6.549.776 2g,9,14,20 4.871.981 Inventories, net

Uang muka dan biaya dibayar di muka 135.865 2i,2n,10 141.823 Advances and prepaid expenses

Pajak dibayar di muka 115.074 2o,17 15.116 Prepaid taxes

Jumlah Aset Lancar 12.287.724 8.631.162 Total Current Assets

ASET TIDAK LANCAR NON-CURRENT ASSETS

Taksiran tagihan pajak 303.136 2o,17 186.791 Estimated claims for tax refund

Investasi pada saham, bersih 310.854 2h,2q,11,30 136.753 Investments in shares of stock, net

Aset pajak tangguhan, bersih 26.644 2o,17 202.468 Deferred tax assets, net

Aset tetap Fixed assets

(setelah dikurangi akumulasi (net of accumulated depreciation

penyusutan sebesar Rp4.399.575 of Rp4,399,575 in 2010

pada tahun 2010 dan Rp4.144.163 and Rp4,144,163

pada tahun 2009) 4.389.320 2j,12,14,20 3.378.928 in 2009)

Aset lain-lain Other assets

Piutang jangka panjang, bersih 3.522 2e,2q,13,30 78.121 Long-term receivables, net

Aset real estat 74.437 2k 52.246 Real estate assets

Aset tetap yang tidak digunakan

dalam operasi 31.177 2j,12 31.144 Assets not used in operations

Kas dan deposito berjangka yang 2c,2n,2q,

dibatasi penggunaannya 94.906 20,30,34 21.180 Restricted cash and time deposits

2j,2n,2q,

Lain-lain 62.339 30,34 77.010 Others

Jumlah Aset Tidak Lancar 5.296.335 4.164.641 Total Non-Current Assets

(99)

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

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

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

PT KRAKATAU STEEL (PERSERO) TBK DAN ANAK PERUSAHAAN NERACA KONSOLIDASI (lanjutan)

31 Desember 2010 dan 2009 (Disajikan dalam jutaan Rupiah,

Kecuali Dinyatakan Lain)

PT KRAKATAU STEEL (PERSERO) TBK AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS (continued) December 31, 2010 and 2009

(Expressed in millions of Rupiah, Unless Otherwise Stated)

Catatan/

2010 Notes 2009

LIABILITIES AND

KEWAJIBAN DAN EKUITAS SHAREHOLDERS’ EQUITY

KEWAJIBAN LANCAR CURRENT LIABILITIES

2n,2q,6,9,

Hutang bank jangka pendek 5.136.629 12,14,30,34 4.209.254 Short-term bank loans

Hutang usaha 2n,2q, Trade payables

Pihak ketiga 862.851 15,30,34 699.875 Third parties

Pihak yang mempunyai hubungan

istimewa 39.019 2f,8 38.944 Related parties

Hutang lain-lain 2n,2q, Other payables

Pihak ketiga 81.956 16,30,34 73.138 Third parties

Pihak yang mempunyai hubungan

istimewa 1.824 2f,8 246.541 Related parties

Hutang pajak 85.653 2o,17 101.031 Taxes payable

2n,2q,

Biaya yang masih harus dibayar 266.459 18,30,34 271.879 Accrued expenses

Uang muka penjualan dan lainnya 218.622 2n,19,34 264.411 Sales and other advances

Bagian pinjaman jangka panjang

yang jatuh tempo dalam 2n,2q,6,9, Current portion of long-term

waktu satu tahun 233.543 12,20,30,34 222.390 loans

Bagian kewajiban jangka panjang

yang jatuh tempo dalam 2n,2q,20, Current portion of long-term

waktu satu tahun 4.157 30,34 2.890 liabilities

Jumlah Kewajiban Lancar 6.930.713 6.130.353 Total Current Liabilities

KEWAJIBAN TIDAK LANCAR NON-CURRENT LIABILITIES

Kewajiban pajak tangguhan, bersih 64.639 2o,17 5.768 Deferred tax liabilities, net

Pinjaman jangka panjang, setelah

dikurangi bagian yang jatuh 2n,2q,6,9, Long-term loans, net of current

tempo dalam waktu satu tahun 862.063 12,20,30,34 568.640 portion

Kewajiban jangka panjang, setelah

dikurangi bagian yang jatuh 2n,2q,20, Long-term liabilities, net of current

tempo dalam waktu satu tahun 46.865 30,34 20.617 portion

Estimated liabilities for employee

Kewajiban kesejahteraan karyawan 254.234 2m,21 223.635 benefits

Jumlah Kewajiban Tidak Lancar 1.227.801 818.660 Total Non-Current Liabilities

JUMLAH KEWAJIBAN 8.158.514 6.949.013 TOTAL LIABILITIES

HAK MINORITAS ATAS ASET MINORITY INTEREST IN NET

(100)

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

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

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

PT KRAKATAU STEEL (PERSERO) TBK DAN ANAK PERUSAHAAN NERACA KONSOLIDASI (lanjutan)

31 Desember 2010 dan 2009 (Disajikan dalam jutaan Rupiah,

Kecuali Dinyatakan Lain)

PT KRAKATAU STEEL (PERSERO) TBK AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS (continued) December 31, 2010 and 2009

(Expressed in millions of Rupiah, Unless Otherwise Stated)

Catatan/

2010 Notes 2009

EKUITAS SHAREHOLDERS’ EQUITY

Modal saham Share capital

Nilai nominal Rp500 (angka penuh) Par value Rp500 (full amount)

per saham pada tahun 2010 per share in 2010 and

dan Rp1.000.000 (angka penuh) Rp1,000,000 (full amount)

per saham pada tahun 2009 per share in 2009

Modal dasar - 40.000.000.000 saham Authorized capital - 40,000,000,000

yang terdiri dari 1 saham Seri A shares which consist of 1 Series

Dwiwarna dan 39.999.999.999 A Dwiwarna share and

saham Seri B pada tahun 2010 39,999,999,999 Series B shares

dan 8.000.000 saham pada in 2010 and 8,000,000 shares

tahun 2009 in 2009

Modal ditempatkan dan disetor Issued and fully paid

penuh - 15.775.000.000 saham 15,775,000,000 shares which

yang terdiri dari 1 saham Seri A consist of 1 Series A Dwiwarna

Dwiwarna dan 15.774.999.999 share and 15,774,999,999

saham Seri B pada tahun 2010 dan Series B shares in 2010 and

2.000.000 saham pada tahun 2009 7.887.500 23 2.000.000 2,000,000 shares in 2009

Tambahan modal disetor, bersih 1.015.514 1b,2p - Additional paid-in capital, net

Modal disetor lainnya - 23 1.303.465 Other paid-in capital

Difference arising from transactions

Selisih transaksi perubahan resulting in changes in the equity

ekuitas Anak Perusahaan 18.468 2h,24 18.468 of a Subsidiary

Saldo laba (akumulasi kerugian) Retained earnings (accumulated losses)

Dicadangkan 1.343.401 3.066.959 Appropriated

Tidak dicadangkan (970.968) (583.054) Unappropriated

EKUITAS, BERSIH 9.293.915 5.805.838 SHAREHOLDERS’ EQUITY, NET

TOTAL LIABILITIES AND

(1)

Indonesian language.

Kebijakan akuntansi yang diterapkan dalam penyusunan Informasi Tambahan Induk Perusahaan Saja adalah sama dengan kebijakan akuntansi yang diterapkan dalam penyusunan laporan keuangan konsolidasi sebagaimana diungkapkan dalam Catatan 2 atas laporan keuangan konsolidasi, kecuali untuk penyertaan pada anak perusahaan yang dicatat dengan menggunakan metode ekuitas.

Accounting policies adopted in the preparation of the Parent Company Only Supplementary Information are the same as the accounting policies adopted in the preparation of the consolidated financial statements as disclosed in Note 2 to the consolidated financial statements, except for investments in subsidiaries which were recorded using the equity method.

PT KRAKATAU STEEL (PERSERO) TBK INDUK PERUSAHAAN SAJA

INFORMASI TAMBAHAN LAPORAN LABA RUGI

Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2010 dan 2009 (Disajikan dalam jutaan Rupiah,

Kecuali Dinyatakan Lain)

PT KRAKATAU STEEL (PERSERO) TBK PARENT COMPANY ONLY SUPPLEMENTARY INFORMATION

STATEMENTS OF INCOME Years Ended

December 31, 2010 and 2009 (Expressed in millions of Rupiah,

Unless Otherwise Stated)

2010 2009

PENJUALAN BERSIH 12.186.666 13.516.831 NET SALES

BEBAN POKOK PENJUALAN 10.526.843 12.969.507 COST OF GOODS SOLD

LABA KOTOR 1.659.823 547.324 GROSS PROFIT

BEBAN USAHA OPERATING EXPENSES

Penjualan 215.791 221.954 Selling

Umum dan administrasi 749.765 624.359 General and administrative

Jumlah Beban Usaha 965.556 846.313 Total Operating Expenses

LABA (RUGI) USAHA 694.267 (298.989) INCOME (LOSS) FROM OPERATIONS

PENGHASILAN (BEBAN) LAIN-LAIN OTHER INCOME (CHARGES)

Beban bunga (218.721) (415.091) Interest expense Laba pengalihan aset tetap 147.888 - Gain on transfer of fixed assets

Laba selisih kurs, bersih 98.004 69.369 Gain on foreign exchange, net Penjualan limbah produksi 67.272 26.288 Sale of waste products

Pendapatan bunga 47.259 17.368 Interest income Laba penjualan investasi - 374.648 Gain on sale of investment

Laba penyelesaian kewajiban imbalan Gain from settlement of post-retirement kesehatan pasca-kerja - 127.298 healthcare benefits liability

Lain-lain, bersih 208.990 194.214 Miscellaneous, net

Penghasilan Lain-lain, bersih 350.692 394.094 Other Income, net

LABA SEBELUM BAGIAN LABA INCOME BEFORE EQUITY IN

BERSIH ANAK PERUSAHAAN 1.044.959 95.105 NET INCOME OF SUBSIDIARIES

BAGIAN LABA BERSIH ANAK EQUITY IN NET INCOME OF

PERUSAHAAN 244.447 268.418 SUBSIDIARIES

LABA SEBELUM BEBAN INCOME BEFORE TAX EXPENSE

(MANFAAT) PAJAK 1.289.406 363.523 (BENEFIT)

BEBAN (MANFAAT) PAJAK TAX EXPENSE (BENEFIT)

Pajak kini - - Current tax

Pajak tangguhan, bersih 226.723 (131.149) Deferred tax, net

Beban pajak, bersih 226.723 (131.149) Tax expense, net

(2)

The original supplementary information included herein is in the Indonesian language.

Accounting policies adopted in the preparation of the Parent Company Only Supplementary Information are the same as the accounting policies adopted in the preparation of the consolidated financial statements as disclosed in Note 2 to the consolidated financial statements, except for investments in subsidiaries which were recorded using the equity method.

134

PT KRAKATAU STEEL (PERSERO) TBK INDUK PERUSAHAAN SAJA

INFORMASI TAMBAHAN LAPORAN PERUBAHAN EKUITAS

Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2010 dan 2009 (Disajikan dalam jutaan Rupiah, Kecuali Dinyatakan Lain)

PT KRAKATAU STEEL (PERSERO) TBK PARENT COMPANY ONLY SUPPLEMENTARY INFORMATION

STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY Years Ended December 31, 2010 and 2009

(Expressed in millions of Rupiah, Unless Otherwise Stated)

Selisih Transaksi

Perubahan Ekuitas

Anak Perusahaan/ Saldo Laba (Akumulasi Kerugian)/

Modal Saham Tambahan Difference Arising Retained Earnings

Ditempatkan Modal from Transactions (Accumulated Losses)

dan Disetor Disetor, bersih Modal Disetor Resulting in

Penuh/Issued Additional Lainnya/ Changes in Tidak Ekuitas, Bersih/

and Fully Paid Paid-in Other the Equity of Dicadangkan/ Dicadangkan/ Shareholders’

Share Capital Capital, net Paid-in Capital a Subsidiary Appropriated Unappropriated Equity, Net

Saldo 31 Desember 2008 2.000.000 - 1.303.465 - 2.754.450 (618.154) 5.439.761 Balance as of December 31, 2008

Laba bersih tahun 2009 - - - 494.672 494.672 Net income for 2009

Dividen tunai - - - (137.872) (137.872) Cash dividends

Alokasi dana untuk program kemitraan Allocation of funds for partnership and

dan bina lingkungan - - - (9.191) (9.191) community development program

Penerbitan saham baru Anak Perusahaan - - - 18.468 - - 18.468 Issuance of new shares in the Subsidiary Pembentukan cadangan umum - - - - 312.509 (312.509) - Appropriation for general reserve Saldo 31 Desember 2009 2.000.000 - 1.303.465 18.468 3.066.959 (583.054) 5.805.838 Balance as of December 31, 2009 Penyesuaian transisi atas penerapan Transition adjustment on the adoption of

Pernyataan Standar Akuntansi Keuangan Statement of Financial

No. 55 (Revisi 2006) “Instrumen Accounting Standards No. 55

Keuangan: Pengakuan (Revised 2006) “Financial Instruments:

dan Pengukuran” - - - (9.325) (9.325) Recognition and Measurement”

Laba bersih tahun 2010 - - - 1.062.683 1.062.683 Net income for 2010

Dividen tunai - - - (148.402) (148.402) Cash dividends

Kapitalisasi saldo laba ke modal Capitalization of retained earnings

ditempatkan dan disetor penuh 3.006.535 - - - (2.050.042) (956.493) - to issued and fully paid capital Kapitalisasi modal disetor lainnya ke Capitalization of other paid-in capital

modal ditempatkan dan disetor penuh 1.303.465 - (1.303.465) - - - - to issued and fully paid capital

Penerbitan saham baru melalui Issuance of new shares through

penawaran umum saham perdana 1.577.500 1.104.250 - - - - 2.681.750 initial public offering

Biaya emisi efek ekuitas - (88.736) - - - - (88.736) Stock issuance costs

Alokasi dana untuk program Allocation of funds for partnership

kemitraan - - - (9.893) (9.893) program

Pembentukan cadangan umum - - - - 326.484 (326.484) - Appropriation for general reserve Saldo 31 Desember 2010 7.887.500 1.015.514 - 18.468 1.343.401 (970.968) 9.293.915 Balance as of December 31, 2010

(3)

Indonesian language.

PT KRAKATAU STEEL (PERSERO) TBK INDUK PERUSAHAAN SAJA

INFORMASI TAMBAHAN LAPORAN ARUS KAS

Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2010 dan 2009 (Disajikan dalam jutaan Rupiah,

Kecuali Dinyatakan Lain)

PT KRAKATAU STEEL (PERSERO) TBK PARENT COMPANY ONLY SUPPLEMENTARY INFORMATION

STATEMENTS OF CASH FLOWS Years Ended

December 31, 2010 and 2009 (Expressed in millions of Rupiah,

Unless Otherwise Stated)

2010 2009

ARUS KAS DARI AKTIVITAS CASH FLOWS FROM OPERATING

OPERASI ACTIVITIES

Penerimaan dari pelanggan 13.611.111 14.981.489 Receipts from customers Penerimaan dari tagihan pajak 136.650 236.654 Receipts from claims for tax refund

Penerimaan dari pendapatan bunga 39.676 18.567 Receipts of interest income Pembayaran kepada pemasok (10.505.514) (12.037.653) Payments to suppliers

Pembayaran beban usaha dan Payments for operating expenses

lain-lain (1.009.955) (965.803) and others Pembayaran kepada karyawan (1.151.944) (760.025) Payments to employees

Pembayaran untuk pajak (421.153) (393.766) Payments for taxes Pembayaran untuk beban bunga Payments for interest and bank

dan beban bank (216.605) (469.578) charges

Kas bersih yang diperoleh dari aktivitas Net cash provided by operating

operasi 482.266 609.885 activities

ARUS KAS DARI AKTIVITAS CASH FLOWS FROM INVESTING

INVESTASI ACTIVITIES

Penarikan (penempatan) investasi jangka Withdrawal(placement) of short-term pendek 141.000 (146.700) investment

Penerimaan dividen kas 6.295 82.628 Receipt of cash dividends Penambahan investasi pada saham (198.550) (36.865) Additional investments in shares of stock

Penempatan kas dan deposito berjangka Placement of restricted cash and time yang dibatasi penggunaannya (105.390) - deposits Penerimaan dari pelepasan anak Perusahaan - 565.674 Proceeds from disposal of subsidiary Penambahan aset tetap (526.111) (251.734) Purchase of fixed assets

Kas bersih yang diperoleh dari (digunakan Net cash provided by (used in)

untuk) aktivitas investasi (682.756) 213.003 investing activities

ARUS KAS DARI AKTIVITAS CASH FLOWS FROM FINANCING

PENDANAAN ACTIVITIES

Pembayaran hutang bank, bersih (26.739) (50.863) Payments of bank loans Pembayaran dividen kas (148.402) (137.872) Payments of cash dividends

Pembayaran untuk bina lingkungan (19.787) (13.839) Payments for community development Hasil dari penawaran umum saham Proceeds from initial public offering perdana, bersih 2.593.014 - of shares, net

Kas bersih yang diperoleh dari (digunakan Net cash provided by (used in)

untuk) aktivitas pendanaan 2.398.086 (202.574) financing activities

KENAIKAN BERSIH KAS DAN NET INCREASE IN CASH AND

SETARA KAS 2.197.596 620.314 CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS AWAL TAHUN 1.243.433 644.196 AT BEGINNING OF YEAR

Dampak perubahan selisih kurs (44.538) (21.077) Effect of foreign exchange rate changes

CASH AND CASH EQUIVALENTS

(4)

The original supplementary information included herein is in the Indonesian language.

136

PT KRAKATAU STEEL (PERSERO) TBK INDUK PERUSAHAAN SAJA

INFORMASI TAMBAHAN LAPORAN ARUS KAS (lanjutan) Tahun yang Berakhir pada Tanggal-tanggal

31 Desember 2010 dan 2009 (Disajikan dalam jutaan Rupiah,

Kecuali Dinyatakan Lain)

PT KRAKATAU STEEL (PERSERO) TBK PARENT COMPANY ONLY SUPPLEMENTARY INFORMATION STATEMENTS OF CASH FLOWS (continued)

Years Ended

December 31, 2010 and 2009 (Expressed in millions of Rupiah,

Unless Otherwise Stated)

2010 2009

INFORMASI TAMBAHAN SUPPLEMENTAL CASH FLOWS

ARUS KAS INFORMATION

Aktivitas yang tidak mempengaruhi arus kas: Non-cash activities: Kapitalisasi saldo laba ke modal Capitalization of retained earnings

ditempatkan dan disetor penuh 3.006.535 - to issued and fully paid capital Kapitalisasi modal disetor lainnya ke Capitalization of other paid-in capital modal ditempatkan dan disetor penuh 1.303.465 - to issued and fully paid capital Kapitalisasi biaya pinjaman 2.265 1.095 Capitalization of borrowings cost Penambahan investasi pada Additional investments in shares Saham dengan penyerahan aset tetap 159.174 - of stock by transfer of fixed assets

Difference arising from transactions

Selisih transaksi perubahan ekuitas resulting in changes in the equity

Anak Perusahaan - 18.468 of a Subsidiary Pembentukan cadangan umum 326.484 312.509 Appropriation for general reserve

(5)

(6)