Asia Color Company Limited PT Mulipolar Tbk

127 PT MA TAHARI DEP AR TMENT S TORE Tbk • Lapor an T ahunan - Annual R eport • 2012 ANALYSIS OF THE COMPANY’S ABILITY TO SERVICE DEBT AND TO COLLECT ACCOuNTS RECEIVABLE As can be seen from the Company’s cash low statements and comparison of current assets to current liabiliies, the Company is in a good posiion regarding its debt servicing ability. Current Assets: Current Liabiliies = 4:5. MATERIAL INFORMATION AND EVENTS SuBSEQuENT TO THE ACCOuNTANT’S REPORT DATE • In March 2013 the Company made a voluntary payment of bank loan in the amount of Rp700 million. • In March 2013 the Company received an insurance setlement in the amount of Rp10.9 billion. • The Company accessed the revolving line of credit in the amount of Rp250 billion in March 2013. • Asia Color Company Limited and PT Mulipolar Tbk completed a share ofering of shares in Matahari on 28 March 2013. The percentage of shares in Matahari held by the public increased from 1.85 to 47.4. The share ofering was well-received and atracted signiicant interest from leading investors globally. Matahari is expected to beneit from i having more liquidity in the trading of its shares on the IDX, ii potenially receiving certain tax beneits in the form of reduced rates on its income tax in accordance with prevailing taxaion regulaions in Indonesia depending on the public shareholding subsequent to the ofering; iii being able to raise funds more easily in the future through the domesic and internaional capital markets; and iv beneiing from increased visibility in Indonesia and overseas. Immediately following compleion of the share ofering and exercise of the over-allotment opion, Asia Color Company had a shareholding of 32.2 PT Mulipolar Tbk had a shareholding of 20.5 and the public, including new shareholders, had a shareholding of 47.4. ANALISIS KEMAMPuAN PERuSAHAAN DALAM MEMBAYAR UTANG DAN MENAGIHKAN PIUTANG Seperi dapat dilihat dari laporan arus kas Perseroan dan perbandingan aset lancar terhadap kewajiban lancar, Perseroan berada pada posisi yang baik dalam kemampuan membayar utang Perseroan. Perbandingan antara Aset Lancar dengan Kewajiban Lancar adalah 4:5. INFORMASI DAN KEJADIAN MATERIAL SETELAH TANGGAL LAPORAN AKUNTAN • Pada bulan Maret 2013 Perseroan melakukan pembayaran pokok pinjaman bank sebesar Rp700 juta. • Pada bulan Maret 2013 Perseroan menerima pembayaran klaim asuransi sebesar Rp10,9 miliar. • Perseroan menggunakan fasilitas revolving loan sebesar Rp250 miliar pada bulan Maret 2013. • Asia Color Company Limited dan PT Mulipolar Tbk menyelesaikan perdagangan sahamnya yang merupakan saham di Matahari pada 28 Maret 2013. Persentase kepemilikan saham publik di Matahari meningkat dari 1,85 menjadi 47,4. Penawaran saham yang dilakukan diterima dengan sangat baik dan menarik minat yang sangat signiikan dari para investor global terkemuka. Matahari akan mendapatkan manfaat dari i meningkatnya likuiditas yang dimiliki dalam perdagangan saham di BEI, ii berpotensi untuk mendapat manfaat pajak yaitu berkurangnya persentase pajak penghasilan sesuai dengan peraturan perpajakan di Indonesia berdasarkan meningkatnya jumlah pemegang saham publik setelah selesainya penawaran saham; iii akan lebih mudah mendapatkan dana di pasar modal domesik maupun internasional; dan iv manfaat dari meningkatnya nama Perseroan di Indonesia maupun luar negeri. Setelah selesainya penawaran saham dan pelaksanaan opsi over- allotment , Asia Color Company memiliki kepemilikan saham sebesar 32,2, PT Mulipolar Tbk sebesar 20,5 dan masyarakat, termasuk pemilik saham yang baru sebesar 47,4.