Modern Internasional Bilingual 31 Des 11 Released
PT Modern Internasional Tbk
dan Entitas Anak/and Subsidiaries
Laporan keuangan konsolidasian
beserta laporan auditor independen
tahun yang berakhir pada tanggal-tanggal
31 Desember 2011, 2010 dan 2009/
Consolidated financial statements
with independent auditors’ report
years ended December 31, 2011, 2010 and 2009
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
LAPORAN KEUANGAN KONSOLIDASIAN
BESERTA LAPORAN AUDITOR INDEPENDEN
TAHUN YANG BERAKHIR
PADA TANGGAL-TANGGAL
31 DESEMBER 2011, 2010 DAN 2009
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
CONSOLIDATED FINANCIAL STATEMENTS
WITH INDEPENDENT AUDITORS’ REPORT
YEARS ENDED
DECEMBER 31, 2011, 2010 AND 2009
Daftar Isi
Table of Contents
Halaman/
Page
Laporan Auditor Independen
Independent Auditors’ Report
Laporan Posisi Keuangan Konsolidasian ………….
1-2
......... Consolidated Statements of Financial Position
Laporan Laba Rugi Komprehensif Konsolidasian ..
3
Consolidated Statements of Comprehensive Income
Laporan Perubahan Ekuitas Konsolidasian ……….
4
…..… Consolidated Statements of Changes in Equity
Laporan Arus Kas Konsolidasian ……………………
5-6
...………… Consolidated Statements of Cash Flows
Catatan atas Laporan Keuangan Konsolidasian ….
7-100
…. Notes to the Consolidated Financial Statements
***************************
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
LAPORAN POSISI KEUANGAN KONSOLIDASIAN
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
Catatan/
Notes
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
FINANCIAL POSITION
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
2011
2010
2009
ASSETS
CURRENT ASSETS
ASET
ASET LANCAR
Kas dan setara kas
Piutang usaha
Pihak ketiga, setelah
dikurangi penyisihan
penurunan nilai sebesar
Rp3.792.096.988 pada tahun
2011, Rp3.286.173.359 pada
tahun 2010 dan Rp1.945.524.435
pada tahun 2009
Piutang pihak-pihak berelasi, neto
Piutang lain-lain, neto
Persediaan, setelah dikurangi
penyisihan persediaan usang
dan penurunan nilai
sebesar Rp685.850.870
pada tahun 2011,
Rp410.678.587
pada tahun 2010 dan
Rp232.577.818 pada tahun 2009
Pajak dibayar di muka
Biaya dibayar di muka dan
uang muka
Aset tersedia untuk dijual
2d,2e,2r,2s
5,33,34,35
Total Aset Tidak Lancar
TOTAL ASET
17.500.572.952
9.736.563.489
Cash and cash equivalents
2i,2r,2s,3,6
15,19,33,34
2e,2s,7,33,34
2r,2s,8,33,34
166.316.856.134
68.823.459.247
136.816.482.433
123.345.000
58.121.201.293
120.916.292.083
250.424.291
93.414.145.564
2f,3,9
15,19
2l,18
177.169.060.108
14.346.784.019
119.700.683.558
3.243.576.998
169.641.798.405
1.048.857.249
2g,10,35
2u,11
201.530.643.790
20.224.360.734
204.489.229.404
-
110.852.843.069
-
Accounts receivable - trade, net of
allowance for impairment losses
Rp3,792,096,988 in 2011
Rp3,286,173,359 in 2010
Rp1,945,524,435 in 2009
Due from related parties, net
Other receivables, net
Inventories, net of allowance
for inventory obsolescence
and decline in value
Rp685,850,870 in 2011
and Rp410,678,587
in 2010 and
Rp232,577,818
in 2009
Prepaid taxes
Prepaid expenses and
advance payments
Assets available for sales
723.307.795.085
539.995.091.638
505.860.924.150
Total Current Assets
18.894.497.513
19.626.495.711
19.831.038.632
NON-CURRENT ASSETS
Deferred tax assets, net
Total Aset Lancar
ASET TIDAK LANCAR
Aset pajak tangguhan, neto
Aset tetap, setelah dikurangi
akumulasi penyusutan
sebesar Rp211.997.925.932
pada tahun 2011,
Rp427.936.067.968 pada tahun
2010 dan Rp426.328.767.437
pada tahun 2009
Goodwill, neto
Taksiran tagihan pajak penghasilan
Biaya dibayar di muka dan
uang muka jangka panjang
Setoran jaminan
Beban tangguhan
hak atas tanah, neto
Biaya waralaba, neto
Aset disewakan, setelah
dikurangi akumulasi penyusutan
Aset lain-lain
74.896.631.053
2l,3,18
2h,2i,3,11
15,19
2c,3,12
18
228.816.279.641
5.518.836.613
177.853.524.805
1.734.807.645
13.479.528.405
141.542.535.297
3.159.920.662
16.011.836.923
2g,10,35
33,34
44.815.398.534
11.485.340.595
4.168.949.260
13.314.305.957
3.117.225.229
2s,2o
2q,32
2.026.100.511
21.346.964.400
1.871.684.960
21.929.297.539
2.141.265.326
24.668.686.726
2e,2p,7,13
14
5.119.188.643
779.126.910
9.004.700.424
3.997.867.749
182.394.395
43.218.753.814
Property, plant and equipment,
net of accumulated depreciation of
Rp211,997,925,932 in 2011
of Rp427,936,067,968 in 2010
and Rp426,328,767,437
in 2009
Goodwill, net
Estimated claims for tax refund
Prepaid expenses and
advance payments
Security deposits
Deferred landrights
acquisition cost, net
Franchise cost, net
Leased property, net of
accumulated depreciation
Other assets
338.801.733.360
253.666.856.498
267.187.962.961
Total Non-Current Assets
1.062.109.528.445
793.661.948.136
773.048.887.111
TOTAL ASSETS
Catatan atas laporan keuangan konsolidasian terlampir
merupakan bagian yang tidak terpisahkan dari laporan
keuangan konsolidasian secara keseluruhan.
The accompanying notes to the consolidated financial
statements form an integral part of these consolidated financial
statements taken as a whole.
1
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
LAPORAN POSISI KEUANGAN
KONSOLIDASIAN (lanjutan)
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
Catatan/
Notes
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
FINANCIAL POSITION (continued)
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
2011
2010
2009
LIABILITIES AND EQUITY
LIABILITAS DAN EKUITAS
LIABILITAS JANGKA PENDEK
Pinjaman bank jangka pendek
Utang usaha
Pihak ketiga
Pihak-pihak berelasi
Biaya masih harus dibayar
Utang pajak
Utang lain-lain
Utang jangka panjang jatuh
tempo dalam satu tahun
Pinjaman bank
Pembiayaan konsumen
Sewa pembiayaan
15,33,34
2s,16,33
2r,34,35
2e,7
2s,17,33,34
2,18
22,34
2s,19,33
2j,2r,34,35
2h,11
2h,11
Total Liabilitas Jangka Pendek
LIABILITAS JANGKA PANJANG
Liabilitas pajak tangguhan, neto
Liabilitas imbalan kerja
Utang jangka panjang, setelah
dikurangi bagian jatuh tempo
dalam satu tahun
Pinjaman bank
Pembiayaan konsumen
Sewa pembiayaan
2l,18
2m,3,23
124.715.406.160
132.832.178.917
189.891.400.000
100.291.810.250
623.292.985
13.873.450.600
42.742.802.106
10.627.209.487
76.729.596.772
720.549.005
22.569.918.429
18.016.800.563
22.828.647.319
120.270.178.002
2.764.140.129
12.562.330.100
21.868.458.516
17.171.663.698
66.782.942.242
5.372.672.369
4.836.728.269
11.656.602.665
7.725.940.140
1.503.677.086
21.666.666.653
6.918.188.150
-
CURRENT LIABILITIES
Short-term bank loans
Accounts payable
Third parties
Related parties
Accrued expenses
Taxes payable
Other payables
Current maturities of
long-term debts
Bank loan
Consumer finance
Obligations under finance lease
369.866.314.468
294.583.910.896
393.113.025.248
Total Current Liabilities
1.323.285.146
17.224.901.000
200.361.153
17.730.387.000
18.549.878.000
NON-CURRENT LIABILITIES
Deferred tax liabilities, net
Employee benefits liability
241.109.408.433
3.206.791.450
5.557.752.893
105.846.397.335
4.570.024.965
2.241.922.438
27.500.000.000
4.386.248.755
-
Long-term debts, net of current
maturities
Bank loan
Consumer finance
Obligations under finance lease
Total Liabilitas Jangka Panjang
268.422.138.922
130.589.092.891
50.436.126.755
Total Non-Current Liabilities
TOTAL LIABILITAS
638.288.453.390
425.173.003.787
443.549.152.003
TOTAL LIABILITIES
2s,19,33,
2j,2r,34,35
2h,11
2h,11
EQUITY
EKUITAS
Equity attributable to
owners of the
parent entity
Ekuitas yang dapat
diatribusikan kepada pemilik
entitas induk
Modal saham - nilai nominal
Rp500 per saham
Modal dasar - 1.200.000.000
saham
Modal ditempatkan dan disetor
penuh - 639.817.902 saham
Tambahan modal disetor
Saldo laba (defisit)
Ditentukan untuk cadangan umum
Belum ditentukan penggunaannya
1b,21
1b
319.908.951.000
10.260.385.000
319.908.951.000
10.260.385.000
2s,22
5.000.000.000
83.569.211.773
5.000.000.000
33.319.608.349
418.738.547.773
368.488.944.349
329.499.735.108
Total Equity Attributable to
Owners of the Parent Entity
5.082.527.282
-
-
Non-controlling Interests
423.821.075.055
368.488.944.349
329.499.735.108
TOTAL EQUITY
1.062.109.528.445
793.661.948.136
773.048.887.111
TOTAL LIABILITIES
AND EQUITY
Total Ekuitas Yang Dapat Diatribusikan
Kepada Pemilik Entitas Induk
Kepentingan Non pengendali
TOTAL EKUITAS
TOTAL LIABILITAS
DAN EKUITAS
Share capital - Rp500
par value per share
Authorized - 1,200,000,000 shares
Issued and fully paid 319.908.951.000
639,817,902 shares
10.260.385.000
Additional paid-in capital
Retained earnings (deficit)
5.000.000.000 Appropriated for general reserve
(5.669.600.892)
Unappropriated
20
Catatan atas laporan keuangan konsolidasian terlampir
merupakan bagian yang tidak terpisahkan dari laporan
keuangan konsolidasian secara keseluruhan.
The accompanying notes to the consolidated financial
statements form an integral part of these consolidated financial
statements taken as a whole.
2
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
LAPORAN LABA RUGI
KOMPREHENSIF KONSOLIDASIAN
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
Catatan/
Notes
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
COMPREHENSIVE INCOME
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
2011
2010
2009
PENJUALAN
2e,2k,2t,
7,24,31
896.933.008.515
733.000.865.114
898.945.672.531
BEBAN POKOK PENJUALAN
2k,2m,7,
25,32
(608.910.352.293)
(503.381.550.754)
(702.304.037.886)
COST OF SALES
288.022.656.222
229.619.314.360
196.641.634.645
GROSS PROFIT
(133.680.378.977)
(102.429.808.858)
(96.782.155.779)
(84.916.432.397)
38.336.884.970
(79.778.119.208)
36.553.993.399
(84.219.633.328)
25.681.620.122
Selling expenses
General and administrative
expenses
Other operating income
(5.479.626.916)
(3.743.969.964)
(2.755.018.459)
Other operating expenses
102.283.102.902
80.221.409.729
38.566.447.201
767.137.809
(33.033.393.510)
248.047.412
(35.688.546.176)
1.895.799.039
(36.795.248.809)
LABA BRUTO
Beban penjualan
Beban umum dan administrasi
Pendapatan operasi lain
Beban operasi lain
2m,2t,11
23,26,31
2m,2t,11,
23,26,31,32
2k,2t,11,27,31
2k,2t,12,18,
26,28,31
LABA OPERASI
Pendapatan keuangan
Beban keuangan
Laba penjualan investasi
entitas anak
29
30
INCOME FROM OPERATIONS
-
-
18.752.580.777
Finance income
Finance expense
Gain on sale of investment in
subsidiary
70.016.847.201
44.780.910.965
22.419.578.208
INCOME BEFORE
TAX EXPENSE (BENEFIT)
4
LABA SEBELUM BEBAN
(MANFAAT) PAJAK
SALES
10.935.063.427
2.366.025.034
3.128.510.654
(324.546.945)
7.370.182.508
3.025.412.332
TAX
EXPENSE (BENEFIT)
Current year
Deferred
Beban Pajak, Neto
13.301.088.461
2.803.963.709
10.395.594.840
Tax Expense, Net
LABA TAHUN BERJALAN
56.715.758.740
41.976.947.256
12.023.983.368
INCOME FOR THE YEAR
-
-
-
OTHER COMPREHENSIVE
INCOME
56.715.758.740
41.976.947.256
12.023.983.368
TOTAL COMPREHENSIVE
INCOME FOR THE YEAR
BEBAN (MANFAAT)
PAJAK
Tahun berjalan
Tangguhan
2l,2t,18,31
PENDAPATAN KOMPREHENSIF
LAIN
TOTAL LABA KOMPREHENSIF
TAHUN BERJALAN
Laba tahun berjalan/
Total laba komprehensif
tahun berjalan yang dapat
diatribusikan kepada:
Pemilik entitas induk
Kepentingan non pengendali
20
TOTAL
LABA YANG DAPAT
DIATRIBUSIKAN KEPADA PEMILIK
ENTITAS INDUK PER SAHAM
56.647.782.443
67.976.297
41.976.947.256
-
12.023.983.368
-
Income for the year/
total comprehensive income
for the year attributable to:
Owners of the parent entity
Non-controlling interest
56.715.758.740
41.976.947.256
12.023.983.368
TOTAL
2n
89
66
Catatan atas laporan keuangan konsolidasian terlampir
merupakan bagian yang tidak terpisahkan dari laporan
keuangan konsolidasian secara keseluruhan.
BASIC EARNINGS ATTRIBUTABLE
TO THE EQUITY HOLDERS OF
19
THE PARENT PER SHARE
The accompanying notes to the consolidated financial
statements form an integral part of these consolidated financial
statements taken as a whole.
3
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
CHANGES IN EQUITY
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
Ekuitas yang Dapat Diatribusikan Kepada Pemilik Entitas Induk/
Equity Attributable to Owners of the Parent Entity
Catatan/
Notes
Saldo tanggal 31 Desember 2008
Total laba komprehensif tahun 2009
Saldo tanggal 31 Desember 2009
Penyesuaian transisi atas penerapan
awal PSAK 55 (Revisi 2006)
2s
Total laba komprehensif tahun 2010
Saldo tanggal 31 Desember 2010
Setoran modal dari kepentingan
non pengendali
Saldo tanggal 31 Desember 2011
22
Saldo Laba (Defisit)
Retained Earnings (Deficit)
Ditentukan
Untuk Cadangan
Umum/
Belum Ditentukan
Appropriated for
Penggunaannya/
General Reserve
Unappropriated
Tambahan
Modal Disetor/
Additional
Paid-in
Capital
Kepentingan
Non pengendali/
Non-controlling
Interests
Total Ekuitas
Total Equity
(17.693.584.260)
317.475.751.740
-
317.475.751.740
Balance as of December 31, 2008
12.023.983.368
12.023.983.368
-
12.023.983.368
Total comprehensive income in 2009
5.000.000.000
(5.669.600.892)
329.499.735.108
-
329.499.735.108
Balance as of December 31, 2009
-
-
(2.987.738.015)
10.260.385.000
5.000.000.000
(8.657.338.907)
319.908.951.000
10.260.385.000
5.000.000.000
-
-
-
319.908.951.000
10.260.385.000
319.908.951.000
(2.987.738.015)
326.511.997.093
-
(2.987.738.015)
Transition adjustment on the initial
adoption of PSAK 55 (Revised 2006)
326.511.997.093
-
-
-
41.976.947.256
41.976.947.256
-
41.976.947.256
Total comprehensive income in 2010
319.908.951.000
10.260.385.000
5.000.000.000
33.319.608.349
368.488.944.349
-
368.488.944.349
Balance as of December 31, 2010
5.014.550.985
5.014.550.985
Capital contribution from non-controlling
interest
67.976.297
56.715.758.740
Total comprehensive income in 2011
20
Total laba komprehensif tahun 2011
Pembagian dividen kepada:
Pemilik entitas induk
Modal
Ditempatkan
dan Disetor
Penuh/
Share Capital
Issued and
Fully Paid
Total Ekuitas
Yang Dapat
Diatribusikan
Kepada Pemilik
Entitas Induk
Total Equity
Attributable to
Owners of the
Parent Entity
-
-
-
-
-
-
-
-
56.647.782.443
56.647.782.443
-
-
-
(6.398.179.019)
(6.398.179.019)
319.908.951.000
10.260.385.000
5.000.000.000
83.569.211.773
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan
dari laporan keuangan konsolidasian secara keseluruhan.
418.738.547.773
-
5.082.527.282
(6.398.179.019)
423.821.075.055
Distribution of dividends to:
Equity holders of the parent
Balance as of December 31, 2011
The accompanying notes to the consolidated financial statements form an integral part of
these consolidated financial statements taken as a whole.
4
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
LAPORAN ARUS KAS KONSOLIDASIAN
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
Catatan/
Notes
ARUS KAS DARI AKTIVITAS
OPERASI
Penerimaan dari pelanggan
Pembayaran untuk/kepada:
Pemasok
Gaji, upah dan kesejahteraan
karyawan
Beban operasi
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
2011
2010
867.432.634.814
716.096.619.885
913.020.880.879
(494.491.169.096)
(653.391.651.875)
(74.312.229.815)
(78.612.935.172)
(102.554.649.326)
(76.018.495.181)
11.883.907.547
68.680.285.802
81.056.084.497
445.424.434
7.960.691.792
248.047.412
2.532.308.518
91.193.036
-
(44.275.317.168)
(12.789.985.618)
(13.676.962.244)
(23.430.908.623)
(6.027.890.463)
(17.277.245)
(614.251.131.930)
(82.015.511.187)
(159.282.084.150)
Kas dihasilkan
dari operasi
Penerimaan dari:
Bunga
Pajak
Pembayaran untuk:
Bunga
Pajak
Lain-lain
Kas Neto Diperoleh dari
(Digunakan untuk)
Aktivitas Operasi
2009
(50.452.241.257)
41.984.565.401
(30.300.256.035)
(7.056.593.087)
(96.122.658.482)
(52.332.230.071)
Net Cash Provided by
(Used in)
Operating Activities
36.940.127.431
CASH FLOWS FROM
INVESTING ACTIVITIES
Proceeds from sale of property
plant and equipment
Acquisitions of property,plant
and equipment
Decrease in due from
related parties
31.032.297.726
Net Cash Provided By
(Used in) Investing
Activities
Hasil penjualan aset tetap
11
33.693.118.330
43.443.376.055
23.882.884.452
Perolehan aset tetap
Penurunan piutang pihak-pihak
berelasi
11
(88.432.438.419)
(78.542.427.727)
(29.790.714.157)
Kas Neto Diperoleh dari
(Digunakan untuk)
Aktivitas Investasi
ARUS KAS DARI AKTIVITAS
PENDANAAN
Perolehan pinjaman bank jangka pendek
dan jangka panjang
Pembayaran pinjaman bank jangka
pendek dan jangka panjang
Pembayaran dividen
22
Pembayaran utang sewa pembiayaan
Pembayaran utang pembiayaan
konsumen
Kas Neto Diperoleh dari
Aktivitas Pendanaan
(54.739.320.089)
-
(35.099.051.672)
354.774.594.187
335.547.057.078
211.837.975.596
(172.502.016.269)
(3.017.826.876)
(324.269.944.806)
-
(165.107.317.967)
-
(7.200.790.034)
(867.892.810)
(67.130.000)
(9.476.851.485)
(9.499.961.590)
(8.781.827.683)
162.577.109.523
909.257.872
Catatan atas laporan keuangan konsolidasian terlampir
merupakan bagian yang tidak terpisahkan dari laporan
keuangan konsolidasian secara keseluruhan.
Cash resulting from
operations
Cash receipts from:
Interest
Taxes
Cash payments for:
Interest
Taxes
Others
ARUS KAS DARI AKTIVITAS
INVESTASI
-
CASH FLOWS FROM
OPERATING ACTIVITIES
Receipts from customers
Payments for/to:
Suppliers
Salaries, wages and
employees’ benefits
Operating expenses
37.881.699.946
CASH FLOWS FROM
FINANCING ACTIVITIES
Proceeds from short-term
and long-term bank loans
Payments of short-term
and long-term bank loans
Payments of dividend
Proceeds from obligations under
finance lease
Payments of consumer
finance payable
Net Cash Provided by
Financing Activities
The accompanying notes to the consolidated financial
statements form an integral part of these consolidated financial
statements taken as a whole.
5
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
LAPORAN ARUS KAS KONSOLIDASIAN (lanjutan)
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
Catatan/
Notes
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
CASH FLOWS (continued)
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
2011
2010
2009
KENAIKAN NETO KAS
DAN SETARA KAS
57.385.548.177
7.794.771.601
16.581.767.601
NET INCREASE IN CASH AND
CASH EQUIVALENTS
KAS DAN SETARA KAS
AWAL TAHUN
17.500.572.952
9.736.563.489
14.104.861.929
CASH AND CASH EQUIVALENTS
AT BEGINNING OF YEAR
Dampak perubahan selisih kurs
KAS DAN SETARA KAS
AKHIR TAHUN
10.509.924
5
(30.762.138)
74.896.631.053
17.500.572.952
Catatan atas laporan keuangan konsolidasian terlampir
merupakan bagian yang tidak terpisahkan dari laporan
keuangan konsolidasian secara keseluruhan.
(20.950.066.041)
9.736.563.489
Effect of foreign exchange rate
changes
CASH AND CASH EQUIVALENTS
AT END OF YEAR
The accompanying notes to the consolidated financial
statements form an integral part of these consolidated financial
statements taken as a whole.
6
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
1.
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
UMUM
a.
1.
Pendirian Perusahaan
GENERAL
a.
Establishment of the Company
PT Modern Internasional Tbk (“Perusahaan”)
didirikan pada tanggal 12 Mei 1971
berdasarkan Akta Notaris Djojo Muljadi, S.H.,
No. 47. Akta pendirian ini disahkan oleh
Menteri Kehakiman dalam Surat Keputusan
No. Y.A.5/205/2 tanggal 23 Agustus 1972
serta diumumkan dalam Berita Negara No. 99
tanggal 12 Desember 1972. Anggaran Dasar
Perusahaan telah mengalami beberapa kali
perubahan, terakhir dengan akta Notaris Wahyu
Nurani, S.H., No. 28 tanggal 26 Juni 2008
mengenai perubahan seluruh Anggaran Dasar
Perusahaan untuk menyesuaikan dengan
Undang-undang No. 40 Tahun 2007 tentang
Perseroan Terbatas dan telah disahkan oleh
Menteri Hukum dan Hak Asasi Manusia
Republik Indonesia dalam Surat Keputusan
No. AHU-73729.AH.01.02.Tahun 2008 tanggal
15 Oktober 2008.
PT Modern Internasional Tbk (the “Company”)
was established on May 12, 1971 based on
the Notarial Deed No. 47 of Djojo Muljadi, S.H.
The deed of establishment was approved by
the Ministry of Justice in its Decision Letter
No. Y.A.5/205/2 dated August 23, 1972, and
was published in the State Gazette No. 99
dated December 12, 1972. The Articles of
Association has been amended several times,
the last amendment was covered by Notarial
Deed No. 28 dated June 26, 2008 of Wahyu
Nurani, S.H., regarding the amendments of the
Company’s Articles of Association to conform
with the Limited Liability Company Law No. 40
Year 2007 and was approved by the Ministry
of Laws and Human Rights of the Republic of
Indonesia in its Decision Letter No. AHU73729.AH.01.02. Year 2008 dated October 15,
2008.
Sesuai dengan pasal 3 Anggaran Dasar
Perusahaan,
ruang
lingkup
kegiatan
Perusahaan meliputi operasi di bidang
perdagangan dan perindustrian, khususnya di
bidang industri colour processing, bahanbahan fotografi, alat-alat percetakan dan
perdagangan pada umumnya. Saat ini operasi
Perusahaan meliputi usaha-usaha di bidang
perdagangan produk industrial imaging seperti
peralatan medis, graphic art, dan solusi
dokumen dengan mengusung beberapa merk.
According to Article 3 of the Company’s
Articles of Association, the scope of activities
of the Company comprises trading and
industry, especially in colour processing
industry, photographic materials, printing
equipment and general trading. Currently the
Company’s activity comprises trading of
industrial imaging product such as medical
equipment, graphic art and document solution
by carrying various brands.
Perusahaan berkedudukan di Jalan Matraman
Raya No. 12, Jakarta dan cabang-cabangnya
berlokasi
di
Balikpapan,
Bandung,
Banjarmasin, Batam, Denpasar, Lampung,
Makassar,
Manado,
Medan,
Padang,
Palembang, Pekanbaru, Pontianak, Semarang
dan Surabaya.
The Company is domiciled at Jalan Matraman
Raya No. 12, Jakarta and its branches are
located in Balikpapan, Bandung, Banjarmasin,
Batam, Denpasar, Lampung, Makassar,
Manado,
Medan,
Padang,
Palembang,
Pekanbaru,
Pontianak,
Semarang
and
Surabaya.
Perusahaan memulai kegiatan komersialnya
pada tahun 1971.
The Company started
operations in 1971.
7
its
commercial
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
1.
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
UMUM (lanjutan)
b.
1.
Penawaran
umum
dan
tindakan
Perusahaan yang mempengaruhi modal
saham yang ditempatkan dan disetor penuh
b.
Tindakan Perusahaan yang mempengaruhi
modal saham yang ditempatkan dan disetor
penuh sejak tanggal penawaran umum
perdana sampai dengan tanggal 31 Desember
2011 adalah sebagai berikut:
Tanggal/Date
16 Juli 1991/
July 16, 1991
18 Agustus 1992
August 18, 1992
30 Maret 1994
March 30, 1994
22 September 1997
September 22, 1997
12 Desember 2006
December 12, 2006
Public offerings and corporate actions
affecting issued and fully paid share capital
The Company’s corporate actions affecting
issued and fully paid share capital from the
date of its initial public offering up to December
31, 2011, are as follows:
Saham
Ditempatkan
Dan Disetor
Penuh/
Number of
Shares Issued
And Fully Paid
Tindakan Perusahaan/
Nature of Corporate Actions
Penawaran umum perdana sejumlah 4.500.000
saham./
Initial public offering of 4.500.000 shares.
Penawaran umum terbatas 8.853.980 saham./
Limited public offering 8.853.980 shares.
Saham bonus: 3 saham bonus untuk setiap
kepemilikan 2 saham./
Bonus shares: 3 bonus shares for ownership of
2 shares.
Perubahan nominal saham dari Rp1.000 per
saham menjadi Rp500 per saham (pemecahan
saham)./
Change of par value from Rp1,000/share into
Rp500/share (stock split).
Penambahan modal tanpa hak memesan efek
terlebih dahulu sejumlah 373.048.002 saham./
Issuing new shares without preemptive rights of
373,048,002 shares.
Seluruh saham Perusahaan tercatat di Bursa
Efek Indonesia.
c.
GENERAL (continued)
Nilai Nominal
per Saham/
Par Value
per Share
44.500.000
1.000
53.353.980
1.000
133.384.950
1.000
266.769.900
500
639.817.902
500
All of the Company’s shares are listed in the
Indonesia Stock Exchange.
Struktur Perusahaan dan Entitas Anak
c. The Company’s and Subsidiaries’ Structure
Pada tanggal 31 Desember 2011, 2010 dan
2009, persentase kepemilikan Perusahaan,
baik secara langsung maupun tidak langsung,
dan total aset Entitas Anak adalah sebagai
berikut:
As of December 31, 2011, 2010 and 2009, the
percentage of ownership of the company,
either directly or indirectly, and total assets of
the Subsidiaries are as follows:
8
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
1.
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
UMUM (lanjutan)
c.
1.
GENERAL (continued)
Struktur Perusahaan dan Entitas Anak
(lanjutan)
Entitas Anak/
Subsidiaries
PT Modern Photo
Industry (MPI)
PT Modern
Putraindonesia (MPrI)
Lokasi/
Domicile
PT Swadaya Mitra
Serasi (SMS)
PT Fresh Food
1)
Indonesia (FFI)
1)
Tahun
Mulai
Operasi
Komersial/
Year of
Commercial
Operations
Jakarta
Perusahaan Investasi/
Jakarta
Investment Company
1979
Jakarta
Perdagangan eceran produkproduk fotografi, elektronik,
telekomunikasi (kartu telepon),
Outlet 7-eleven/
Retailer of photographic,
electronic, telecommunication
(phone card), 7-eleven Outlet
1988
Jakarta
Solusi dokumen/
1990
Jakarta
Document solution
Jakarta
PT Modern Data
Solusi (MDS)
Kegiatan Pokok/
Principal Activities
c. The Company’s and Subsidiaries’ Structure
(continued)
Persentase
Pemilikan/
Percentage
of Ownership
99,99
Total Aset
31 Desember/
Total Assets
December 31,
2011
2010
2009
96.936.332.645
81.179.784.275
121.551.947.797
99,99
531.619.139.706
254.234.788.451
193.298.528.101
99,99
35.109.522.576
27.734.666.074
7.512.478.533
Jakarta
Sewa dan beli/Hire and purchase
2001
99,99
10.019.115.996
-
-
Jakarta
Produsen makanan dan minuman/
Manufacturer of food and
beverages
2011
50,00
21.368.106.894
-
-
FFI dikonsolidasi dari sudut pandang kemampuan MPI untuk mengendalikan aktivitas keuangan dan operasional dari Entitas Anak tersebut. FFI didirikan untuk mendukung aktivitas dari Outlet
7-Eleven/FFI is consolidated in view of MPI’s ability to control the financial and operational activities of this Subsidiary. FFI was established to support the activities of 7-Eleven convenience store
Berdasarkan Rapat Umum Pemegang Saham
tanggal 2 Desember 2010, yang telah
diaktakan oleh Notaris M. Kamal Mochtar,
S.H., dengan akta No. 10 tanggal 3 Januari
2011,
Perusahaan
menyetujui
untuk
mengambil alih 5.990.000 saham PT Swadaya
Mitra Serasi
(SMS) dari PT Cahyagold
Prasetya Finance, pihak ketiga, dengan harga
pembelian sebesar Rp6.826.655.998. Selisih
antara harga perolehan dengan nilai wajar
aset dan liabilitas SMS dicatat sebagai
“Keuntungan dari Pembelian dengan Diskon”
sebesar Rp1.889.384.366 yang disajikan
dalam “Pendapatan Operasi Lain” pada
laporan laba rugi komprehensif konsolidasian
tahun 2011.
Based on the decision of the general meeting
of the shareholders dated December 2, 2010,
which was covered in the Notarial Deed
No. 10 of M. Kamal Mochtar, S.H., dated
January 3, 2011, the Company agreed to
acquire
5,990,000
shares
of
PT Swadaya Mitra Serasi (SMS) from
PT Cahyagold Prasetya Finance, a third party,
at
a
purchase
price
amounting
to
Rp6,826,655,998.The difference between the
acquisition cost and the fair value of the net
assets and liabilities of SMS is recorded under
“Gain on Bargain Purchase” amounting to
Rp1,889,384,366 and presented in the “Other
Operating Income” in 2011 consolidated
statements of comprehensive income.
9
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
1.
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
UMUM (lanjutan)
d.
1.
Dewan Komisaris, Direksi dan Komite Audit
serta Karyawan
GENERAL (continued)
d.
Susunan Dewan Komisaris, Direksi
dan
Komite Audit Perusahaan pada tanggal
31 Desember 2011, 2010 dan 2009, adalah
sebagai berikut:
Dewan Komisaris
Komisaris Utama (Independen)
Komisaris
Komisaris
e.
Boards of Commissioners, Directors, Audit
Committee and Employees
The members of the Company’s Boards of
Commissioners and Directors and Audit
Committee as of December 31, 2011, 2010
and 2009, are as follows:
:
:
:
Achmad Fauzi Hasan
Cuncun Mulyadi Wijaya Wibowo
Chao Shern Yuan
:
:
:
Board of Commissioners
President Commissioner (Independent)
Commissioner
Commissioner
Direksi
Direktur Utama
Direktur Penjualan dan
Pemasaran
Direktur Operasional
Direktur Keuangan
:
Sungkono Honoris
:
Board of Directors
President Director
:
:
:
Henri Honoris
Lim Djwe Khian
Donny Sutanto
:
:
:
Sales and Marketing Director
Operational Director
Finance Director
Komite Audit
Ketua
Anggota
Anggota
:
:
:
Achmad Fauzi Hasan
Eka Darmawan
Izudin
:
:
:
Audit Committee
Chairman
Member
Member
Gaji dan tunjangan lainnya yang diperuntukkan
bagi direksi, komisaris dan komite audit Grup
merupakan imbalan kerja jangka pendek
berjumlah Rp9.302.066.874, Rp4.582.245.500
dan Rp5.162.001.000 masing-masing pada
tahun 2011, 2010 dan 2009.
Salaries and allowances incurred for the
Groups directors, commissioners and audit
committee represent short-term employee
benefits which amounted to Rp9,302,066,874,
Rp4,582,245,500 and Rp5,162,001,000 in
2011, 2010 and 2009, respectively.
Pada tanggal 31 Desember 2011, 2010 dan
2009, Perusahaan dan Entitas Anak (secara
bersama-sama disebut sebagai “Grup”)
memiliki masing-masing 751, 905 dan 1.577
karyawan tetap (tidak diaudit).
As of December 31, 2011, 2010 and 2009, the
Company and its Subsidiaries (collectively
referred to as the “Group”) have a total of 751,
905 and 1,577 permanent employees
(unaudited), respectively.
Penyelesaian
Konsolidasian
Laporan
Keuangan
e.
Laporan keuangan konsolidasian ini telah
diselesaikan dan diotorisasi untuk terbit oleh
Direksi
Perusahaan
pada
tanggal
30 Maret 2012.
Completion of the Consolidated Financial
Statements
The accompanying consolidated financial
statements were completed and authorized for
issue by the Company’s Directors on
March 30, 2012.
10
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
2.
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
IKHTISAR KEBIJAKAN AKUNTANSI PENTING
a.
Dasar penyusunan
konsolidasian
laporan
2.
keuangan
SUMMARY
POLICIES
a.
OF
SIGNIFICANT
ACCOUNTING
Basis of preparation of the consolidated
financial statements
Laporan keuangan konsolidasian telah disusun
sesuai dengan Standar Akuntansi Keuangan di
Indonesia
(“SAK”),
yang
mencakup
Pernyataan dan Interpretasi yang dikeluarkan
oleh Dewan Standar Akuntansi Keuangan
Ikatan Akuntan Indonesia dan Peraturanperaturan serta Pedoman Penyajian dan
Pengungkapan Laporan Keuangan yang
diterbitkan
oleh
BAPEPAM-LK.
Seperti
diungkapkan dalam catatan-catatan terkait
berikut di bawah ini, beberapa standar
akuntansi yang telah direvisi dan diterbitkan,
diterapkan efektif tanggal 1 Januari 2011, baik
secara prospektif maupun retrospektif.
The consolidated financial statements have
been prepared in accordance with Indonesian
Financial Accounting Standards (“SAK”), which
comprise the Statements and Interpretations
issued by the Board of Financial Accounting
Standards of the Indonesian Institute of
Accountants and the Regulations and the
Guidelines
on
Financial
Statement
Presentation and Disclosures issued by
BAPEPAM-LK. As disclosed further in the
relevant succeeding notes, several amended
and published accounting standards were
adopted
effective
January 1,
2011,
prospectively and retrospectively.
Laporan keuangan konsolidasian disusun
sesuai dengan Pernyataan Standar Akuntansi
Keuangan (“PSAK”) No. 1 (Revisi 2009),
“Penyajian
Laporan
Keuangan”,
yang
diterapkan sejak tanggal 1 Januari 2011.
The consolidated financial statements have
been prepared in accordance with the
Statement of Financial Accounting Standards
(“PSAK”) No. 1 (Revised 2009), “Presentation
of Financial Statements”, which was adopted
since January 1, 2011.
PSAK No. 1 (Revisi 2009) mengatur penyajian
laporan keuangan, yaitu antara lain, tujuan
pelaporan, komponen laporan keuangan,
penyajian secara wajar, materialitas dan
agregasi, saling hapus, perbedaan antara aset
lancar dan tidak lancar dan liabilitas jangka
pendek dan jangka panjang, informasi
komparatif,
konsistensi
penyajian
dan
memperkenalkan pengungkapan baru, antara
lain sumber estimasi ketidakpastian dan
pertimbangan,
pengelolaan
permodalan,
pendapatan
komprehensif
lainnya,
penyimpangan
dari
standar
akuntansi
keuangan dan pernyataan kepatuhan.
PSAK No. 1 (Revised 2009) regulates
presentation of financial statements as to,
among others, the objective, component of
financial
statements,
fair
presentation,
materiality
and
aggregate,
offsetting,
distinction between current and non-current
assets and short-term and long-term liabilities,
comparative information, consistency and
introduces new disclosures such as, among
others, key estimations and judgments, capital
management, other comprehensive income,
departures from accounting standards and
statement of compliance.
Penerapan PSAK No. 1 (Revisi 2009) tersebut
memberikan pengaruh yang signifikan bagi
penyajian dan pengungkapan terkait dalam
laporan keuangan konsolidasian.
The adoption of PSAK No. 1 (Revised 2009)
has significant impact on the related
disclosures in the consolidated financial
statements.
Grup memilih menyajikan laporan laba rugi
komprehensif dalam satu laporan dan
menyajikan tambahan pengungkapan sumber
estimasi ketidakpastian pada Catatan 3 serta
pengelolaan modal pada Catatan 21.
The Group selected to present one single
statements of comprehensive income and
disclosed key estimation in Note 3 and capital
management in Note 21.
11
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
2.
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
IKHTISAR KEBIJAKAN AKUNTANSI PENTING
(lanjutan)
b.
c.
Perubahan
kebijakan
pengungkapan
akuntansi
2.
dan
SUMMARY OF SIGNIFICANT
POLICIES (continued)
b.
Changes in
disclosures
accounting
ACCOUNTING
policy
and
Kebijakan akuntansi yang diterapkan dalam
penyusunan laporan keuangan konsolidasian
konsisten dengan kebijakan akuntansi yang
diterapkan
dalam
penyusunan
laporan
keuangan konsolidasian Perusahaan untuk
tahun
yang
berakhir
pada
tanggal
31 Desember 2010, kecuali bagi penerapan
beberapa SAK yang telah direvisi dan berlaku
efektif sejak tanggal 1 Januari 2011 seperti
yang diungkapkan pada Catatan ini.
The accounting policies adopted in the
preparation of the consolidated financial
statements are consistent with those made in
the preparation of the Company’s consolidated
financial statements for the year ended
December 31, 2010, except for the adoption of
several amended SAKs which were effective
starting January 1, 2011 as disclosed in this
Note.
Laporan keuangan konsolidasian disusun
berdasarkan konsep akrual kecuali untuk
laporan arus kas, dan menggunakan konsep
biaya historis, kecuali seperti yang disebutkan
dalam catatan atas laporan keuangan
konsolidasian yang relevan.
The consolidated financial statements have
been prepared on the accrual basis except for
the statement of cash flows, and using the
historical cost concept of accounting, except
as disclosed in the relevant notes to the
consolidated financial statements.
Laporan arus kas konsolidasian yang disajikan
dengan menggunakan metode langsung
(direct method), menyajikan penerimaan dan
pengeluaran kas dan setara kas yang
diklasifikasikan ke dalam aktivitas operasi,
investasi dan pendanaan.
The consolidated statements of cash flows,
which have been prepared using the direct
method, present receipts and disbursements
of cash and cash equivalents classified into
operating, investing and financing activities.
Mata uang pelaporan yang digunakan dalam
penyusunan laporan keuangan konsolidasian
ini adalah Rupiah.
The reporting currency used in the preparation
of the consolidated financial statements is the
Indonesian Rupiah.
Prinsip-prinsip konsolidasi
c.
Efektif tanggal 1 Januari 2011, Grup
menerapkan secara retrospektif PSAK No. 4
(Revisi
2009),
“Laporan
Keuangan
Konsolidasian
dan
Laporan
Keuangan
Tersendiri”, kecuali beberapa hal berikut yang
diterapkan secara prospektif: (i) rugi entitas
anak yang menyebabkan saldo defisit bagi
kepentingan non pengendali (“KNP”); (ii)
kehilangan pengendalian pada entitas anak;
(iii) perubahan kepemilikan pada entitas anak
yang
tidak
mengakibatkan
hilangnya
pengendalian; (iv) hak suara potensial dalam
menilai keberadaan pengendalian; dan (v)
konsolidasian atas entitas anak yang memiliki
pembatasan jangka panjang.
Principles of consolidation
Effective January 1, 2011, the Group
retrospectively adopted PSAK No. 4 (Revised
2009), “Consolidated and Separate Financial
Statements”, except for the following items
that were applied prospectively in accordance
with the transitional provision of the said
revised PSAK: (i) losses of a subsidiary that
result in a deficit balance to non-controlling
interests (“NCI”); (ii) loss of control over a
subsidiary; (iii) changes in the ownership
interest in a subsidiary that do not result in the
loss of control; (iv) potential voting rights in
measuring the existence of control; and (v)
consolidation of a subsidiary that is subject to
long-term restriction.
12
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
2.
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
IKHTISAR KEBIJAKAN AKUNTANSI PENTING
(lanjutan)
c.
2.
Prinsip-prinsip konsolidasi (lanjutan)
SUMMARY OF SIGNIFICANT
POLICIES (continued)
c.
ACCOUNTING
Principles of consolidation (continued)
PSAK No. 4 (Revisi 2009) mengatur
penyusunan dan penyajian laporan keuangan
konsolidasian untuk sekelompok entitas yang
berada dalam pengendalian suatu entitas
induk dan dalam akuntansi untuk investasi
pada entitas-entitas anak, pengendalian
bersama entitas dan entitas asosiasi ketika
laporan keuangan tersendiri disajikan sebagai
informasi tambahan.
PSAK No. 4 (Revised 2009) provides for the
preparation and presentation of consolidated
financial statements for a group of entities
under the control of a parent and in accounting
for investments in subsidiaries, jointly
controlled entities and associated entities
when separate financial statements are
presented as additional information.
Penerapan PSAK No. 4 (Revisi 2009) tersebut
tidak memberikan pengaruh terhadap posisi
keuangan dan hasil usaha dari Grup dan
hanya berdampak pada penyesuaian atas
kebijakan
akuntansi
dan
penyajian
kepentingan non pengendali dalam laporan
posisi keuangan konsolidasian.
The adoption of PSAK No. 4 (Revised 2009)
has no impact on the financial position and
performance of the Group and only resulted in
the alignment of accounting policy and
changes in the presentation of non-controlling
interest in the consolidated statements of
financial position.
PSAK No. 4 (Revisi 2009) mengatur
penyusunan dan penyajian laporan keuangan
konsolidasian untuk sekelompok entitas yang
berada dalam pengendalian suatu entitas
induk dan dalam akuntansi untuk investasi
pada entitas Anak, pengendalian bersama
entitas dan entitas asosiasi ketika laporan
keuangan
tersendiri
disajikan
sebagai
informasi tambahan.
PSAK No. 4 (Revised 2009) provides for the
preparation and presentation of consolidated
financial statements for a Company and
Subsidiaries of entities under the control of a
parent and in accounting for investments in
subsidiaries, jointly controlled entities and
associated entities when separate financial
statements are presented as additional
information.
Seperti diuraikan pada bagian ini, penerapan
PSAK No. 4 (Revisi 2009) memberikan
pengaruh yang tidak signifikan terhadap
pelaporan keuangan berikut pengungkapan
terkait dalam laporan keuangan konsolidasian.
As described herein, the adoption of PSAK No.
4 (Revised 2009) has insignificant impact on
the financial reporting, including the related
disclosures, in the consolidated financial
statements.
Sejak Tanggal 1 Januari 2011
Since January 1, 2011
Laporan keuangan konsolidasian meliputi
laporan keuangan Grup, seperti yang
disebutkan pada Catatan 1, yang dimiliki oleh
Perusahaan (secara langsung atau tidak
langsung) dengan kepemilikan saham lebih
dari 50%.
The consolidated financial statements include
the accounts of the Group, mentioned in Note
1, in which the Company maintains (directly or
indirectly) equity ownership of more than 50%.
Pengendalian atas Entitas Anak dianggap ada
jika lebih dari 50% kekuasaan suara Entitas
Anak
dikendalikan
Perusahaan
atau
Perusahaan memiliki kemampuan untuk
mengendalikan kebijakan keuangan dan
operasi dari Entitas Anak, atau memiliki
kemampuan untuk mengganti atau menunjuk
sebagian besar Direksi, atau mengendalikan
suara mayoritas pada rapat manajemen.
Control over a Subsidiary is presumed to exist
where more than 50% of the Subsidiary’s
voting power is controlled by the Company or
the Company has the ability to control the
financial and operating policies of a
Subsidiary, or has the ability to remove or
appoint majority of the Subsidiary’s Board of
Directors, or control the majority of vote during
management meeting.
13
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
2.
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
IKHTISAR KEBIJAKAN AKUNTANSI PENTING
(lanjutan)
c.
2.
Prinsip-prinsip konsolidasi (lanjutan)
SUMMARY OF SIGNIFICANT
POLICIES (continued)
c.
ACCOUNTING
Principles of consolidation (continued)
Sejak Tanggal 1 Januari 2011 (lanjutan)
Since January 1, 2011 (continued)
Seluruh transaksi dan saldo akun antar
perusahaan yang signifikan (termasuk laba
atau rugi yang belum direalisasi) telah
dieliminasi
untuk
mencerminkan
posisi
keuangan dan hasil operasi Grup sebagai satu
kesatuan usaha.
All significant intercompany transactions and
account balances (including the related
significant unrealized gains or losses) have
been eliminated to reflect the financial position
and the results of operations of the Group as
one business entity.
Entitas-entitas Anak dikonsolidasi secara
penuh sejak tanggal akuisisi, yaitu tanggal
Perusahaan
memperoleh
pengendalian,
sampai
dengan
tanggal
Perusahaan
kehilangan
pengendalian.
Pengendalian
dianggap ada ketika Perusahaan memiliki
secara langsung atau tidak langsung melalui
Entitas-entitas Anak, lebih dari setengah
kekuasaan hak suara entitas.
Subsidiaries are fully consolidated from the
date of acquisitions, being the date on which
the Company obtained control, and continue to
be consolidated until the date such control
ceases. Control is presumed to exist if the
Company owned directly or indirectly through
Subsidiaries, more than a half of the voting
power of an entity.
Pengendalian juga ada ketika entitas induk
memiliki setengah atau kurang kekuasaan
suara suatu entitas jika terdapat:
a. kekuasaan yang melebihi setengah hak
suara sesuai perjanjian dengan investor
lain;
b. kekuasaan yang mengatur kebijakan
keuangan
dan
operasional
entitas
berdasarkan
anggaran
dasar
atau
perjanjian;
c. kekuasaan
untuk
menunjuk
atau
mengganti sebagian besar direksi atau
organ pengatur setara dan mengendalikan
entitas melalui direksi atau organ tersebut;
atau
d. kekuasaan untuk memberikan suara
mayoritas pada rapat direksi atau organ
pengatur setara dan mengendalikan
entitas melalui direksi atau organ tersebut.
Control also exists when the parent owns half
or less of the voting power of an entity when
there is:
a. power over more than half of the voting
rights by virtue of an agreement with other
investors;
b. power to govern the financial and
operating policies of the entity under a
statute or an agreement;
Rugi entitas anak diatribusikan pada KNP
bahkan jika hal ini mengakibatkan KNP
mempunyai saldo defisit.
Losses of a subsidiary are attributed to NCI
even if that results in a deficit balance.
Jika kehilangan pengendalian atas suatu
entitas anak, maka Grup:
i. menghentikan pengakuan aset (termasuk
goodwill) dan liabilitas entitas anak;
ii. menghentikan pengakuan jumlah tercatat
setiap KNP;
iii. menghentikan
pengakuan
akumulasi
selisih penjabaran, yang dicatat di ekuitas;
iv. mengakui nilai wajar pembayaran yang
diterima;
v. mengakui setiap sisa investasi pada nilai
wajarnya;
If it losses control over a subsidiary, the
Group:
i. derecognizes the assets (including
goodwill) and liabilities of the subsidiary;
ii. derecognizes the carrying amount of any
NCI;
iii. derecognizes the cumulative translation
differences, recorded in equity, if any;
iv. recognizes the fair value of the
consideration received;
v. recognizes the fair value of any
investment retained;
14
c.
power to appoint or remove the majority of
the members of the board of directors or
equivalent governing body and control of
the entity is by that board or body; or
d.
power to cast the majority of votes at
meetings of the board of directors or
equivalent governing body and control of
the entity is by that board or body.
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
2.
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
IKHTISAR KEBIJAKAN AKUNTANSI PENTING
(lanjutan)
c.
d.
2.
Prinsip-prinsip konsolidasi (lanjutan)
SUMMARY OF SIGNIFICANT
POLICIES (continued)
c.
ACCOU
dan Entitas Anak/and Subsidiaries
Laporan keuangan konsolidasian
beserta laporan auditor independen
tahun yang berakhir pada tanggal-tanggal
31 Desember 2011, 2010 dan 2009/
Consolidated financial statements
with independent auditors’ report
years ended December 31, 2011, 2010 and 2009
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
LAPORAN KEUANGAN KONSOLIDASIAN
BESERTA LAPORAN AUDITOR INDEPENDEN
TAHUN YANG BERAKHIR
PADA TANGGAL-TANGGAL
31 DESEMBER 2011, 2010 DAN 2009
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
CONSOLIDATED FINANCIAL STATEMENTS
WITH INDEPENDENT AUDITORS’ REPORT
YEARS ENDED
DECEMBER 31, 2011, 2010 AND 2009
Daftar Isi
Table of Contents
Halaman/
Page
Laporan Auditor Independen
Independent Auditors’ Report
Laporan Posisi Keuangan Konsolidasian ………….
1-2
......... Consolidated Statements of Financial Position
Laporan Laba Rugi Komprehensif Konsolidasian ..
3
Consolidated Statements of Comprehensive Income
Laporan Perubahan Ekuitas Konsolidasian ……….
4
…..… Consolidated Statements of Changes in Equity
Laporan Arus Kas Konsolidasian ……………………
5-6
...………… Consolidated Statements of Cash Flows
Catatan atas Laporan Keuangan Konsolidasian ….
7-100
…. Notes to the Consolidated Financial Statements
***************************
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
LAPORAN POSISI KEUANGAN KONSOLIDASIAN
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
Catatan/
Notes
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
FINANCIAL POSITION
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
2011
2010
2009
ASSETS
CURRENT ASSETS
ASET
ASET LANCAR
Kas dan setara kas
Piutang usaha
Pihak ketiga, setelah
dikurangi penyisihan
penurunan nilai sebesar
Rp3.792.096.988 pada tahun
2011, Rp3.286.173.359 pada
tahun 2010 dan Rp1.945.524.435
pada tahun 2009
Piutang pihak-pihak berelasi, neto
Piutang lain-lain, neto
Persediaan, setelah dikurangi
penyisihan persediaan usang
dan penurunan nilai
sebesar Rp685.850.870
pada tahun 2011,
Rp410.678.587
pada tahun 2010 dan
Rp232.577.818 pada tahun 2009
Pajak dibayar di muka
Biaya dibayar di muka dan
uang muka
Aset tersedia untuk dijual
2d,2e,2r,2s
5,33,34,35
Total Aset Tidak Lancar
TOTAL ASET
17.500.572.952
9.736.563.489
Cash and cash equivalents
2i,2r,2s,3,6
15,19,33,34
2e,2s,7,33,34
2r,2s,8,33,34
166.316.856.134
68.823.459.247
136.816.482.433
123.345.000
58.121.201.293
120.916.292.083
250.424.291
93.414.145.564
2f,3,9
15,19
2l,18
177.169.060.108
14.346.784.019
119.700.683.558
3.243.576.998
169.641.798.405
1.048.857.249
2g,10,35
2u,11
201.530.643.790
20.224.360.734
204.489.229.404
-
110.852.843.069
-
Accounts receivable - trade, net of
allowance for impairment losses
Rp3,792,096,988 in 2011
Rp3,286,173,359 in 2010
Rp1,945,524,435 in 2009
Due from related parties, net
Other receivables, net
Inventories, net of allowance
for inventory obsolescence
and decline in value
Rp685,850,870 in 2011
and Rp410,678,587
in 2010 and
Rp232,577,818
in 2009
Prepaid taxes
Prepaid expenses and
advance payments
Assets available for sales
723.307.795.085
539.995.091.638
505.860.924.150
Total Current Assets
18.894.497.513
19.626.495.711
19.831.038.632
NON-CURRENT ASSETS
Deferred tax assets, net
Total Aset Lancar
ASET TIDAK LANCAR
Aset pajak tangguhan, neto
Aset tetap, setelah dikurangi
akumulasi penyusutan
sebesar Rp211.997.925.932
pada tahun 2011,
Rp427.936.067.968 pada tahun
2010 dan Rp426.328.767.437
pada tahun 2009
Goodwill, neto
Taksiran tagihan pajak penghasilan
Biaya dibayar di muka dan
uang muka jangka panjang
Setoran jaminan
Beban tangguhan
hak atas tanah, neto
Biaya waralaba, neto
Aset disewakan, setelah
dikurangi akumulasi penyusutan
Aset lain-lain
74.896.631.053
2l,3,18
2h,2i,3,11
15,19
2c,3,12
18
228.816.279.641
5.518.836.613
177.853.524.805
1.734.807.645
13.479.528.405
141.542.535.297
3.159.920.662
16.011.836.923
2g,10,35
33,34
44.815.398.534
11.485.340.595
4.168.949.260
13.314.305.957
3.117.225.229
2s,2o
2q,32
2.026.100.511
21.346.964.400
1.871.684.960
21.929.297.539
2.141.265.326
24.668.686.726
2e,2p,7,13
14
5.119.188.643
779.126.910
9.004.700.424
3.997.867.749
182.394.395
43.218.753.814
Property, plant and equipment,
net of accumulated depreciation of
Rp211,997,925,932 in 2011
of Rp427,936,067,968 in 2010
and Rp426,328,767,437
in 2009
Goodwill, net
Estimated claims for tax refund
Prepaid expenses and
advance payments
Security deposits
Deferred landrights
acquisition cost, net
Franchise cost, net
Leased property, net of
accumulated depreciation
Other assets
338.801.733.360
253.666.856.498
267.187.962.961
Total Non-Current Assets
1.062.109.528.445
793.661.948.136
773.048.887.111
TOTAL ASSETS
Catatan atas laporan keuangan konsolidasian terlampir
merupakan bagian yang tidak terpisahkan dari laporan
keuangan konsolidasian secara keseluruhan.
The accompanying notes to the consolidated financial
statements form an integral part of these consolidated financial
statements taken as a whole.
1
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
LAPORAN POSISI KEUANGAN
KONSOLIDASIAN (lanjutan)
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
Catatan/
Notes
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
FINANCIAL POSITION (continued)
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
2011
2010
2009
LIABILITIES AND EQUITY
LIABILITAS DAN EKUITAS
LIABILITAS JANGKA PENDEK
Pinjaman bank jangka pendek
Utang usaha
Pihak ketiga
Pihak-pihak berelasi
Biaya masih harus dibayar
Utang pajak
Utang lain-lain
Utang jangka panjang jatuh
tempo dalam satu tahun
Pinjaman bank
Pembiayaan konsumen
Sewa pembiayaan
15,33,34
2s,16,33
2r,34,35
2e,7
2s,17,33,34
2,18
22,34
2s,19,33
2j,2r,34,35
2h,11
2h,11
Total Liabilitas Jangka Pendek
LIABILITAS JANGKA PANJANG
Liabilitas pajak tangguhan, neto
Liabilitas imbalan kerja
Utang jangka panjang, setelah
dikurangi bagian jatuh tempo
dalam satu tahun
Pinjaman bank
Pembiayaan konsumen
Sewa pembiayaan
2l,18
2m,3,23
124.715.406.160
132.832.178.917
189.891.400.000
100.291.810.250
623.292.985
13.873.450.600
42.742.802.106
10.627.209.487
76.729.596.772
720.549.005
22.569.918.429
18.016.800.563
22.828.647.319
120.270.178.002
2.764.140.129
12.562.330.100
21.868.458.516
17.171.663.698
66.782.942.242
5.372.672.369
4.836.728.269
11.656.602.665
7.725.940.140
1.503.677.086
21.666.666.653
6.918.188.150
-
CURRENT LIABILITIES
Short-term bank loans
Accounts payable
Third parties
Related parties
Accrued expenses
Taxes payable
Other payables
Current maturities of
long-term debts
Bank loan
Consumer finance
Obligations under finance lease
369.866.314.468
294.583.910.896
393.113.025.248
Total Current Liabilities
1.323.285.146
17.224.901.000
200.361.153
17.730.387.000
18.549.878.000
NON-CURRENT LIABILITIES
Deferred tax liabilities, net
Employee benefits liability
241.109.408.433
3.206.791.450
5.557.752.893
105.846.397.335
4.570.024.965
2.241.922.438
27.500.000.000
4.386.248.755
-
Long-term debts, net of current
maturities
Bank loan
Consumer finance
Obligations under finance lease
Total Liabilitas Jangka Panjang
268.422.138.922
130.589.092.891
50.436.126.755
Total Non-Current Liabilities
TOTAL LIABILITAS
638.288.453.390
425.173.003.787
443.549.152.003
TOTAL LIABILITIES
2s,19,33,
2j,2r,34,35
2h,11
2h,11
EQUITY
EKUITAS
Equity attributable to
owners of the
parent entity
Ekuitas yang dapat
diatribusikan kepada pemilik
entitas induk
Modal saham - nilai nominal
Rp500 per saham
Modal dasar - 1.200.000.000
saham
Modal ditempatkan dan disetor
penuh - 639.817.902 saham
Tambahan modal disetor
Saldo laba (defisit)
Ditentukan untuk cadangan umum
Belum ditentukan penggunaannya
1b,21
1b
319.908.951.000
10.260.385.000
319.908.951.000
10.260.385.000
2s,22
5.000.000.000
83.569.211.773
5.000.000.000
33.319.608.349
418.738.547.773
368.488.944.349
329.499.735.108
Total Equity Attributable to
Owners of the Parent Entity
5.082.527.282
-
-
Non-controlling Interests
423.821.075.055
368.488.944.349
329.499.735.108
TOTAL EQUITY
1.062.109.528.445
793.661.948.136
773.048.887.111
TOTAL LIABILITIES
AND EQUITY
Total Ekuitas Yang Dapat Diatribusikan
Kepada Pemilik Entitas Induk
Kepentingan Non pengendali
TOTAL EKUITAS
TOTAL LIABILITAS
DAN EKUITAS
Share capital - Rp500
par value per share
Authorized - 1,200,000,000 shares
Issued and fully paid 319.908.951.000
639,817,902 shares
10.260.385.000
Additional paid-in capital
Retained earnings (deficit)
5.000.000.000 Appropriated for general reserve
(5.669.600.892)
Unappropriated
20
Catatan atas laporan keuangan konsolidasian terlampir
merupakan bagian yang tidak terpisahkan dari laporan
keuangan konsolidasian secara keseluruhan.
The accompanying notes to the consolidated financial
statements form an integral part of these consolidated financial
statements taken as a whole.
2
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
LAPORAN LABA RUGI
KOMPREHENSIF KONSOLIDASIAN
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
Catatan/
Notes
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
COMPREHENSIVE INCOME
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
2011
2010
2009
PENJUALAN
2e,2k,2t,
7,24,31
896.933.008.515
733.000.865.114
898.945.672.531
BEBAN POKOK PENJUALAN
2k,2m,7,
25,32
(608.910.352.293)
(503.381.550.754)
(702.304.037.886)
COST OF SALES
288.022.656.222
229.619.314.360
196.641.634.645
GROSS PROFIT
(133.680.378.977)
(102.429.808.858)
(96.782.155.779)
(84.916.432.397)
38.336.884.970
(79.778.119.208)
36.553.993.399
(84.219.633.328)
25.681.620.122
Selling expenses
General and administrative
expenses
Other operating income
(5.479.626.916)
(3.743.969.964)
(2.755.018.459)
Other operating expenses
102.283.102.902
80.221.409.729
38.566.447.201
767.137.809
(33.033.393.510)
248.047.412
(35.688.546.176)
1.895.799.039
(36.795.248.809)
LABA BRUTO
Beban penjualan
Beban umum dan administrasi
Pendapatan operasi lain
Beban operasi lain
2m,2t,11
23,26,31
2m,2t,11,
23,26,31,32
2k,2t,11,27,31
2k,2t,12,18,
26,28,31
LABA OPERASI
Pendapatan keuangan
Beban keuangan
Laba penjualan investasi
entitas anak
29
30
INCOME FROM OPERATIONS
-
-
18.752.580.777
Finance income
Finance expense
Gain on sale of investment in
subsidiary
70.016.847.201
44.780.910.965
22.419.578.208
INCOME BEFORE
TAX EXPENSE (BENEFIT)
4
LABA SEBELUM BEBAN
(MANFAAT) PAJAK
SALES
10.935.063.427
2.366.025.034
3.128.510.654
(324.546.945)
7.370.182.508
3.025.412.332
TAX
EXPENSE (BENEFIT)
Current year
Deferred
Beban Pajak, Neto
13.301.088.461
2.803.963.709
10.395.594.840
Tax Expense, Net
LABA TAHUN BERJALAN
56.715.758.740
41.976.947.256
12.023.983.368
INCOME FOR THE YEAR
-
-
-
OTHER COMPREHENSIVE
INCOME
56.715.758.740
41.976.947.256
12.023.983.368
TOTAL COMPREHENSIVE
INCOME FOR THE YEAR
BEBAN (MANFAAT)
PAJAK
Tahun berjalan
Tangguhan
2l,2t,18,31
PENDAPATAN KOMPREHENSIF
LAIN
TOTAL LABA KOMPREHENSIF
TAHUN BERJALAN
Laba tahun berjalan/
Total laba komprehensif
tahun berjalan yang dapat
diatribusikan kepada:
Pemilik entitas induk
Kepentingan non pengendali
20
TOTAL
LABA YANG DAPAT
DIATRIBUSIKAN KEPADA PEMILIK
ENTITAS INDUK PER SAHAM
56.647.782.443
67.976.297
41.976.947.256
-
12.023.983.368
-
Income for the year/
total comprehensive income
for the year attributable to:
Owners of the parent entity
Non-controlling interest
56.715.758.740
41.976.947.256
12.023.983.368
TOTAL
2n
89
66
Catatan atas laporan keuangan konsolidasian terlampir
merupakan bagian yang tidak terpisahkan dari laporan
keuangan konsolidasian secara keseluruhan.
BASIC EARNINGS ATTRIBUTABLE
TO THE EQUITY HOLDERS OF
19
THE PARENT PER SHARE
The accompanying notes to the consolidated financial
statements form an integral part of these consolidated financial
statements taken as a whole.
3
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
CHANGES IN EQUITY
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
Ekuitas yang Dapat Diatribusikan Kepada Pemilik Entitas Induk/
Equity Attributable to Owners of the Parent Entity
Catatan/
Notes
Saldo tanggal 31 Desember 2008
Total laba komprehensif tahun 2009
Saldo tanggal 31 Desember 2009
Penyesuaian transisi atas penerapan
awal PSAK 55 (Revisi 2006)
2s
Total laba komprehensif tahun 2010
Saldo tanggal 31 Desember 2010
Setoran modal dari kepentingan
non pengendali
Saldo tanggal 31 Desember 2011
22
Saldo Laba (Defisit)
Retained Earnings (Deficit)
Ditentukan
Untuk Cadangan
Umum/
Belum Ditentukan
Appropriated for
Penggunaannya/
General Reserve
Unappropriated
Tambahan
Modal Disetor/
Additional
Paid-in
Capital
Kepentingan
Non pengendali/
Non-controlling
Interests
Total Ekuitas
Total Equity
(17.693.584.260)
317.475.751.740
-
317.475.751.740
Balance as of December 31, 2008
12.023.983.368
12.023.983.368
-
12.023.983.368
Total comprehensive income in 2009
5.000.000.000
(5.669.600.892)
329.499.735.108
-
329.499.735.108
Balance as of December 31, 2009
-
-
(2.987.738.015)
10.260.385.000
5.000.000.000
(8.657.338.907)
319.908.951.000
10.260.385.000
5.000.000.000
-
-
-
319.908.951.000
10.260.385.000
319.908.951.000
(2.987.738.015)
326.511.997.093
-
(2.987.738.015)
Transition adjustment on the initial
adoption of PSAK 55 (Revised 2006)
326.511.997.093
-
-
-
41.976.947.256
41.976.947.256
-
41.976.947.256
Total comprehensive income in 2010
319.908.951.000
10.260.385.000
5.000.000.000
33.319.608.349
368.488.944.349
-
368.488.944.349
Balance as of December 31, 2010
5.014.550.985
5.014.550.985
Capital contribution from non-controlling
interest
67.976.297
56.715.758.740
Total comprehensive income in 2011
20
Total laba komprehensif tahun 2011
Pembagian dividen kepada:
Pemilik entitas induk
Modal
Ditempatkan
dan Disetor
Penuh/
Share Capital
Issued and
Fully Paid
Total Ekuitas
Yang Dapat
Diatribusikan
Kepada Pemilik
Entitas Induk
Total Equity
Attributable to
Owners of the
Parent Entity
-
-
-
-
-
-
-
-
56.647.782.443
56.647.782.443
-
-
-
(6.398.179.019)
(6.398.179.019)
319.908.951.000
10.260.385.000
5.000.000.000
83.569.211.773
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan
dari laporan keuangan konsolidasian secara keseluruhan.
418.738.547.773
-
5.082.527.282
(6.398.179.019)
423.821.075.055
Distribution of dividends to:
Equity holders of the parent
Balance as of December 31, 2011
The accompanying notes to the consolidated financial statements form an integral part of
these consolidated financial statements taken as a whole.
4
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
LAPORAN ARUS KAS KONSOLIDASIAN
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
Catatan/
Notes
ARUS KAS DARI AKTIVITAS
OPERASI
Penerimaan dari pelanggan
Pembayaran untuk/kepada:
Pemasok
Gaji, upah dan kesejahteraan
karyawan
Beban operasi
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
2011
2010
867.432.634.814
716.096.619.885
913.020.880.879
(494.491.169.096)
(653.391.651.875)
(74.312.229.815)
(78.612.935.172)
(102.554.649.326)
(76.018.495.181)
11.883.907.547
68.680.285.802
81.056.084.497
445.424.434
7.960.691.792
248.047.412
2.532.308.518
91.193.036
-
(44.275.317.168)
(12.789.985.618)
(13.676.962.244)
(23.430.908.623)
(6.027.890.463)
(17.277.245)
(614.251.131.930)
(82.015.511.187)
(159.282.084.150)
Kas dihasilkan
dari operasi
Penerimaan dari:
Bunga
Pajak
Pembayaran untuk:
Bunga
Pajak
Lain-lain
Kas Neto Diperoleh dari
(Digunakan untuk)
Aktivitas Operasi
2009
(50.452.241.257)
41.984.565.401
(30.300.256.035)
(7.056.593.087)
(96.122.658.482)
(52.332.230.071)
Net Cash Provided by
(Used in)
Operating Activities
36.940.127.431
CASH FLOWS FROM
INVESTING ACTIVITIES
Proceeds from sale of property
plant and equipment
Acquisitions of property,plant
and equipment
Decrease in due from
related parties
31.032.297.726
Net Cash Provided By
(Used in) Investing
Activities
Hasil penjualan aset tetap
11
33.693.118.330
43.443.376.055
23.882.884.452
Perolehan aset tetap
Penurunan piutang pihak-pihak
berelasi
11
(88.432.438.419)
(78.542.427.727)
(29.790.714.157)
Kas Neto Diperoleh dari
(Digunakan untuk)
Aktivitas Investasi
ARUS KAS DARI AKTIVITAS
PENDANAAN
Perolehan pinjaman bank jangka pendek
dan jangka panjang
Pembayaran pinjaman bank jangka
pendek dan jangka panjang
Pembayaran dividen
22
Pembayaran utang sewa pembiayaan
Pembayaran utang pembiayaan
konsumen
Kas Neto Diperoleh dari
Aktivitas Pendanaan
(54.739.320.089)
-
(35.099.051.672)
354.774.594.187
335.547.057.078
211.837.975.596
(172.502.016.269)
(3.017.826.876)
(324.269.944.806)
-
(165.107.317.967)
-
(7.200.790.034)
(867.892.810)
(67.130.000)
(9.476.851.485)
(9.499.961.590)
(8.781.827.683)
162.577.109.523
909.257.872
Catatan atas laporan keuangan konsolidasian terlampir
merupakan bagian yang tidak terpisahkan dari laporan
keuangan konsolidasian secara keseluruhan.
Cash resulting from
operations
Cash receipts from:
Interest
Taxes
Cash payments for:
Interest
Taxes
Others
ARUS KAS DARI AKTIVITAS
INVESTASI
-
CASH FLOWS FROM
OPERATING ACTIVITIES
Receipts from customers
Payments for/to:
Suppliers
Salaries, wages and
employees’ benefits
Operating expenses
37.881.699.946
CASH FLOWS FROM
FINANCING ACTIVITIES
Proceeds from short-term
and long-term bank loans
Payments of short-term
and long-term bank loans
Payments of dividend
Proceeds from obligations under
finance lease
Payments of consumer
finance payable
Net Cash Provided by
Financing Activities
The accompanying notes to the consolidated financial
statements form an integral part of these consolidated financial
statements taken as a whole.
5
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
LAPORAN ARUS KAS KONSOLIDASIAN (lanjutan)
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
Catatan/
Notes
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
CASH FLOWS (continued)
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
2011
2010
2009
KENAIKAN NETO KAS
DAN SETARA KAS
57.385.548.177
7.794.771.601
16.581.767.601
NET INCREASE IN CASH AND
CASH EQUIVALENTS
KAS DAN SETARA KAS
AWAL TAHUN
17.500.572.952
9.736.563.489
14.104.861.929
CASH AND CASH EQUIVALENTS
AT BEGINNING OF YEAR
Dampak perubahan selisih kurs
KAS DAN SETARA KAS
AKHIR TAHUN
10.509.924
5
(30.762.138)
74.896.631.053
17.500.572.952
Catatan atas laporan keuangan konsolidasian terlampir
merupakan bagian yang tidak terpisahkan dari laporan
keuangan konsolidasian secara keseluruhan.
(20.950.066.041)
9.736.563.489
Effect of foreign exchange rate
changes
CASH AND CASH EQUIVALENTS
AT END OF YEAR
The accompanying notes to the consolidated financial
statements form an integral part of these consolidated financial
statements taken as a whole.
6
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
1.
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
UMUM
a.
1.
Pendirian Perusahaan
GENERAL
a.
Establishment of the Company
PT Modern Internasional Tbk (“Perusahaan”)
didirikan pada tanggal 12 Mei 1971
berdasarkan Akta Notaris Djojo Muljadi, S.H.,
No. 47. Akta pendirian ini disahkan oleh
Menteri Kehakiman dalam Surat Keputusan
No. Y.A.5/205/2 tanggal 23 Agustus 1972
serta diumumkan dalam Berita Negara No. 99
tanggal 12 Desember 1972. Anggaran Dasar
Perusahaan telah mengalami beberapa kali
perubahan, terakhir dengan akta Notaris Wahyu
Nurani, S.H., No. 28 tanggal 26 Juni 2008
mengenai perubahan seluruh Anggaran Dasar
Perusahaan untuk menyesuaikan dengan
Undang-undang No. 40 Tahun 2007 tentang
Perseroan Terbatas dan telah disahkan oleh
Menteri Hukum dan Hak Asasi Manusia
Republik Indonesia dalam Surat Keputusan
No. AHU-73729.AH.01.02.Tahun 2008 tanggal
15 Oktober 2008.
PT Modern Internasional Tbk (the “Company”)
was established on May 12, 1971 based on
the Notarial Deed No. 47 of Djojo Muljadi, S.H.
The deed of establishment was approved by
the Ministry of Justice in its Decision Letter
No. Y.A.5/205/2 dated August 23, 1972, and
was published in the State Gazette No. 99
dated December 12, 1972. The Articles of
Association has been amended several times,
the last amendment was covered by Notarial
Deed No. 28 dated June 26, 2008 of Wahyu
Nurani, S.H., regarding the amendments of the
Company’s Articles of Association to conform
with the Limited Liability Company Law No. 40
Year 2007 and was approved by the Ministry
of Laws and Human Rights of the Republic of
Indonesia in its Decision Letter No. AHU73729.AH.01.02. Year 2008 dated October 15,
2008.
Sesuai dengan pasal 3 Anggaran Dasar
Perusahaan,
ruang
lingkup
kegiatan
Perusahaan meliputi operasi di bidang
perdagangan dan perindustrian, khususnya di
bidang industri colour processing, bahanbahan fotografi, alat-alat percetakan dan
perdagangan pada umumnya. Saat ini operasi
Perusahaan meliputi usaha-usaha di bidang
perdagangan produk industrial imaging seperti
peralatan medis, graphic art, dan solusi
dokumen dengan mengusung beberapa merk.
According to Article 3 of the Company’s
Articles of Association, the scope of activities
of the Company comprises trading and
industry, especially in colour processing
industry, photographic materials, printing
equipment and general trading. Currently the
Company’s activity comprises trading of
industrial imaging product such as medical
equipment, graphic art and document solution
by carrying various brands.
Perusahaan berkedudukan di Jalan Matraman
Raya No. 12, Jakarta dan cabang-cabangnya
berlokasi
di
Balikpapan,
Bandung,
Banjarmasin, Batam, Denpasar, Lampung,
Makassar,
Manado,
Medan,
Padang,
Palembang, Pekanbaru, Pontianak, Semarang
dan Surabaya.
The Company is domiciled at Jalan Matraman
Raya No. 12, Jakarta and its branches are
located in Balikpapan, Bandung, Banjarmasin,
Batam, Denpasar, Lampung, Makassar,
Manado,
Medan,
Padang,
Palembang,
Pekanbaru,
Pontianak,
Semarang
and
Surabaya.
Perusahaan memulai kegiatan komersialnya
pada tahun 1971.
The Company started
operations in 1971.
7
its
commercial
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
1.
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
UMUM (lanjutan)
b.
1.
Penawaran
umum
dan
tindakan
Perusahaan yang mempengaruhi modal
saham yang ditempatkan dan disetor penuh
b.
Tindakan Perusahaan yang mempengaruhi
modal saham yang ditempatkan dan disetor
penuh sejak tanggal penawaran umum
perdana sampai dengan tanggal 31 Desember
2011 adalah sebagai berikut:
Tanggal/Date
16 Juli 1991/
July 16, 1991
18 Agustus 1992
August 18, 1992
30 Maret 1994
March 30, 1994
22 September 1997
September 22, 1997
12 Desember 2006
December 12, 2006
Public offerings and corporate actions
affecting issued and fully paid share capital
The Company’s corporate actions affecting
issued and fully paid share capital from the
date of its initial public offering up to December
31, 2011, are as follows:
Saham
Ditempatkan
Dan Disetor
Penuh/
Number of
Shares Issued
And Fully Paid
Tindakan Perusahaan/
Nature of Corporate Actions
Penawaran umum perdana sejumlah 4.500.000
saham./
Initial public offering of 4.500.000 shares.
Penawaran umum terbatas 8.853.980 saham./
Limited public offering 8.853.980 shares.
Saham bonus: 3 saham bonus untuk setiap
kepemilikan 2 saham./
Bonus shares: 3 bonus shares for ownership of
2 shares.
Perubahan nominal saham dari Rp1.000 per
saham menjadi Rp500 per saham (pemecahan
saham)./
Change of par value from Rp1,000/share into
Rp500/share (stock split).
Penambahan modal tanpa hak memesan efek
terlebih dahulu sejumlah 373.048.002 saham./
Issuing new shares without preemptive rights of
373,048,002 shares.
Seluruh saham Perusahaan tercatat di Bursa
Efek Indonesia.
c.
GENERAL (continued)
Nilai Nominal
per Saham/
Par Value
per Share
44.500.000
1.000
53.353.980
1.000
133.384.950
1.000
266.769.900
500
639.817.902
500
All of the Company’s shares are listed in the
Indonesia Stock Exchange.
Struktur Perusahaan dan Entitas Anak
c. The Company’s and Subsidiaries’ Structure
Pada tanggal 31 Desember 2011, 2010 dan
2009, persentase kepemilikan Perusahaan,
baik secara langsung maupun tidak langsung,
dan total aset Entitas Anak adalah sebagai
berikut:
As of December 31, 2011, 2010 and 2009, the
percentage of ownership of the company,
either directly or indirectly, and total assets of
the Subsidiaries are as follows:
8
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
1.
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
UMUM (lanjutan)
c.
1.
GENERAL (continued)
Struktur Perusahaan dan Entitas Anak
(lanjutan)
Entitas Anak/
Subsidiaries
PT Modern Photo
Industry (MPI)
PT Modern
Putraindonesia (MPrI)
Lokasi/
Domicile
PT Swadaya Mitra
Serasi (SMS)
PT Fresh Food
1)
Indonesia (FFI)
1)
Tahun
Mulai
Operasi
Komersial/
Year of
Commercial
Operations
Jakarta
Perusahaan Investasi/
Jakarta
Investment Company
1979
Jakarta
Perdagangan eceran produkproduk fotografi, elektronik,
telekomunikasi (kartu telepon),
Outlet 7-eleven/
Retailer of photographic,
electronic, telecommunication
(phone card), 7-eleven Outlet
1988
Jakarta
Solusi dokumen/
1990
Jakarta
Document solution
Jakarta
PT Modern Data
Solusi (MDS)
Kegiatan Pokok/
Principal Activities
c. The Company’s and Subsidiaries’ Structure
(continued)
Persentase
Pemilikan/
Percentage
of Ownership
99,99
Total Aset
31 Desember/
Total Assets
December 31,
2011
2010
2009
96.936.332.645
81.179.784.275
121.551.947.797
99,99
531.619.139.706
254.234.788.451
193.298.528.101
99,99
35.109.522.576
27.734.666.074
7.512.478.533
Jakarta
Sewa dan beli/Hire and purchase
2001
99,99
10.019.115.996
-
-
Jakarta
Produsen makanan dan minuman/
Manufacturer of food and
beverages
2011
50,00
21.368.106.894
-
-
FFI dikonsolidasi dari sudut pandang kemampuan MPI untuk mengendalikan aktivitas keuangan dan operasional dari Entitas Anak tersebut. FFI didirikan untuk mendukung aktivitas dari Outlet
7-Eleven/FFI is consolidated in view of MPI’s ability to control the financial and operational activities of this Subsidiary. FFI was established to support the activities of 7-Eleven convenience store
Berdasarkan Rapat Umum Pemegang Saham
tanggal 2 Desember 2010, yang telah
diaktakan oleh Notaris M. Kamal Mochtar,
S.H., dengan akta No. 10 tanggal 3 Januari
2011,
Perusahaan
menyetujui
untuk
mengambil alih 5.990.000 saham PT Swadaya
Mitra Serasi
(SMS) dari PT Cahyagold
Prasetya Finance, pihak ketiga, dengan harga
pembelian sebesar Rp6.826.655.998. Selisih
antara harga perolehan dengan nilai wajar
aset dan liabilitas SMS dicatat sebagai
“Keuntungan dari Pembelian dengan Diskon”
sebesar Rp1.889.384.366 yang disajikan
dalam “Pendapatan Operasi Lain” pada
laporan laba rugi komprehensif konsolidasian
tahun 2011.
Based on the decision of the general meeting
of the shareholders dated December 2, 2010,
which was covered in the Notarial Deed
No. 10 of M. Kamal Mochtar, S.H., dated
January 3, 2011, the Company agreed to
acquire
5,990,000
shares
of
PT Swadaya Mitra Serasi (SMS) from
PT Cahyagold Prasetya Finance, a third party,
at
a
purchase
price
amounting
to
Rp6,826,655,998.The difference between the
acquisition cost and the fair value of the net
assets and liabilities of SMS is recorded under
“Gain on Bargain Purchase” amounting to
Rp1,889,384,366 and presented in the “Other
Operating Income” in 2011 consolidated
statements of comprehensive income.
9
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
1.
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
UMUM (lanjutan)
d.
1.
Dewan Komisaris, Direksi dan Komite Audit
serta Karyawan
GENERAL (continued)
d.
Susunan Dewan Komisaris, Direksi
dan
Komite Audit Perusahaan pada tanggal
31 Desember 2011, 2010 dan 2009, adalah
sebagai berikut:
Dewan Komisaris
Komisaris Utama (Independen)
Komisaris
Komisaris
e.
Boards of Commissioners, Directors, Audit
Committee and Employees
The members of the Company’s Boards of
Commissioners and Directors and Audit
Committee as of December 31, 2011, 2010
and 2009, are as follows:
:
:
:
Achmad Fauzi Hasan
Cuncun Mulyadi Wijaya Wibowo
Chao Shern Yuan
:
:
:
Board of Commissioners
President Commissioner (Independent)
Commissioner
Commissioner
Direksi
Direktur Utama
Direktur Penjualan dan
Pemasaran
Direktur Operasional
Direktur Keuangan
:
Sungkono Honoris
:
Board of Directors
President Director
:
:
:
Henri Honoris
Lim Djwe Khian
Donny Sutanto
:
:
:
Sales and Marketing Director
Operational Director
Finance Director
Komite Audit
Ketua
Anggota
Anggota
:
:
:
Achmad Fauzi Hasan
Eka Darmawan
Izudin
:
:
:
Audit Committee
Chairman
Member
Member
Gaji dan tunjangan lainnya yang diperuntukkan
bagi direksi, komisaris dan komite audit Grup
merupakan imbalan kerja jangka pendek
berjumlah Rp9.302.066.874, Rp4.582.245.500
dan Rp5.162.001.000 masing-masing pada
tahun 2011, 2010 dan 2009.
Salaries and allowances incurred for the
Groups directors, commissioners and audit
committee represent short-term employee
benefits which amounted to Rp9,302,066,874,
Rp4,582,245,500 and Rp5,162,001,000 in
2011, 2010 and 2009, respectively.
Pada tanggal 31 Desember 2011, 2010 dan
2009, Perusahaan dan Entitas Anak (secara
bersama-sama disebut sebagai “Grup”)
memiliki masing-masing 751, 905 dan 1.577
karyawan tetap (tidak diaudit).
As of December 31, 2011, 2010 and 2009, the
Company and its Subsidiaries (collectively
referred to as the “Group”) have a total of 751,
905 and 1,577 permanent employees
(unaudited), respectively.
Penyelesaian
Konsolidasian
Laporan
Keuangan
e.
Laporan keuangan konsolidasian ini telah
diselesaikan dan diotorisasi untuk terbit oleh
Direksi
Perusahaan
pada
tanggal
30 Maret 2012.
Completion of the Consolidated Financial
Statements
The accompanying consolidated financial
statements were completed and authorized for
issue by the Company’s Directors on
March 30, 2012.
10
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
2.
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
IKHTISAR KEBIJAKAN AKUNTANSI PENTING
a.
Dasar penyusunan
konsolidasian
laporan
2.
keuangan
SUMMARY
POLICIES
a.
OF
SIGNIFICANT
ACCOUNTING
Basis of preparation of the consolidated
financial statements
Laporan keuangan konsolidasian telah disusun
sesuai dengan Standar Akuntansi Keuangan di
Indonesia
(“SAK”),
yang
mencakup
Pernyataan dan Interpretasi yang dikeluarkan
oleh Dewan Standar Akuntansi Keuangan
Ikatan Akuntan Indonesia dan Peraturanperaturan serta Pedoman Penyajian dan
Pengungkapan Laporan Keuangan yang
diterbitkan
oleh
BAPEPAM-LK.
Seperti
diungkapkan dalam catatan-catatan terkait
berikut di bawah ini, beberapa standar
akuntansi yang telah direvisi dan diterbitkan,
diterapkan efektif tanggal 1 Januari 2011, baik
secara prospektif maupun retrospektif.
The consolidated financial statements have
been prepared in accordance with Indonesian
Financial Accounting Standards (“SAK”), which
comprise the Statements and Interpretations
issued by the Board of Financial Accounting
Standards of the Indonesian Institute of
Accountants and the Regulations and the
Guidelines
on
Financial
Statement
Presentation and Disclosures issued by
BAPEPAM-LK. As disclosed further in the
relevant succeeding notes, several amended
and published accounting standards were
adopted
effective
January 1,
2011,
prospectively and retrospectively.
Laporan keuangan konsolidasian disusun
sesuai dengan Pernyataan Standar Akuntansi
Keuangan (“PSAK”) No. 1 (Revisi 2009),
“Penyajian
Laporan
Keuangan”,
yang
diterapkan sejak tanggal 1 Januari 2011.
The consolidated financial statements have
been prepared in accordance with the
Statement of Financial Accounting Standards
(“PSAK”) No. 1 (Revised 2009), “Presentation
of Financial Statements”, which was adopted
since January 1, 2011.
PSAK No. 1 (Revisi 2009) mengatur penyajian
laporan keuangan, yaitu antara lain, tujuan
pelaporan, komponen laporan keuangan,
penyajian secara wajar, materialitas dan
agregasi, saling hapus, perbedaan antara aset
lancar dan tidak lancar dan liabilitas jangka
pendek dan jangka panjang, informasi
komparatif,
konsistensi
penyajian
dan
memperkenalkan pengungkapan baru, antara
lain sumber estimasi ketidakpastian dan
pertimbangan,
pengelolaan
permodalan,
pendapatan
komprehensif
lainnya,
penyimpangan
dari
standar
akuntansi
keuangan dan pernyataan kepatuhan.
PSAK No. 1 (Revised 2009) regulates
presentation of financial statements as to,
among others, the objective, component of
financial
statements,
fair
presentation,
materiality
and
aggregate,
offsetting,
distinction between current and non-current
assets and short-term and long-term liabilities,
comparative information, consistency and
introduces new disclosures such as, among
others, key estimations and judgments, capital
management, other comprehensive income,
departures from accounting standards and
statement of compliance.
Penerapan PSAK No. 1 (Revisi 2009) tersebut
memberikan pengaruh yang signifikan bagi
penyajian dan pengungkapan terkait dalam
laporan keuangan konsolidasian.
The adoption of PSAK No. 1 (Revised 2009)
has significant impact on the related
disclosures in the consolidated financial
statements.
Grup memilih menyajikan laporan laba rugi
komprehensif dalam satu laporan dan
menyajikan tambahan pengungkapan sumber
estimasi ketidakpastian pada Catatan 3 serta
pengelolaan modal pada Catatan 21.
The Group selected to present one single
statements of comprehensive income and
disclosed key estimation in Note 3 and capital
management in Note 21.
11
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
2.
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
IKHTISAR KEBIJAKAN AKUNTANSI PENTING
(lanjutan)
b.
c.
Perubahan
kebijakan
pengungkapan
akuntansi
2.
dan
SUMMARY OF SIGNIFICANT
POLICIES (continued)
b.
Changes in
disclosures
accounting
ACCOUNTING
policy
and
Kebijakan akuntansi yang diterapkan dalam
penyusunan laporan keuangan konsolidasian
konsisten dengan kebijakan akuntansi yang
diterapkan
dalam
penyusunan
laporan
keuangan konsolidasian Perusahaan untuk
tahun
yang
berakhir
pada
tanggal
31 Desember 2010, kecuali bagi penerapan
beberapa SAK yang telah direvisi dan berlaku
efektif sejak tanggal 1 Januari 2011 seperti
yang diungkapkan pada Catatan ini.
The accounting policies adopted in the
preparation of the consolidated financial
statements are consistent with those made in
the preparation of the Company’s consolidated
financial statements for the year ended
December 31, 2010, except for the adoption of
several amended SAKs which were effective
starting January 1, 2011 as disclosed in this
Note.
Laporan keuangan konsolidasian disusun
berdasarkan konsep akrual kecuali untuk
laporan arus kas, dan menggunakan konsep
biaya historis, kecuali seperti yang disebutkan
dalam catatan atas laporan keuangan
konsolidasian yang relevan.
The consolidated financial statements have
been prepared on the accrual basis except for
the statement of cash flows, and using the
historical cost concept of accounting, except
as disclosed in the relevant notes to the
consolidated financial statements.
Laporan arus kas konsolidasian yang disajikan
dengan menggunakan metode langsung
(direct method), menyajikan penerimaan dan
pengeluaran kas dan setara kas yang
diklasifikasikan ke dalam aktivitas operasi,
investasi dan pendanaan.
The consolidated statements of cash flows,
which have been prepared using the direct
method, present receipts and disbursements
of cash and cash equivalents classified into
operating, investing and financing activities.
Mata uang pelaporan yang digunakan dalam
penyusunan laporan keuangan konsolidasian
ini adalah Rupiah.
The reporting currency used in the preparation
of the consolidated financial statements is the
Indonesian Rupiah.
Prinsip-prinsip konsolidasi
c.
Efektif tanggal 1 Januari 2011, Grup
menerapkan secara retrospektif PSAK No. 4
(Revisi
2009),
“Laporan
Keuangan
Konsolidasian
dan
Laporan
Keuangan
Tersendiri”, kecuali beberapa hal berikut yang
diterapkan secara prospektif: (i) rugi entitas
anak yang menyebabkan saldo defisit bagi
kepentingan non pengendali (“KNP”); (ii)
kehilangan pengendalian pada entitas anak;
(iii) perubahan kepemilikan pada entitas anak
yang
tidak
mengakibatkan
hilangnya
pengendalian; (iv) hak suara potensial dalam
menilai keberadaan pengendalian; dan (v)
konsolidasian atas entitas anak yang memiliki
pembatasan jangka panjang.
Principles of consolidation
Effective January 1, 2011, the Group
retrospectively adopted PSAK No. 4 (Revised
2009), “Consolidated and Separate Financial
Statements”, except for the following items
that were applied prospectively in accordance
with the transitional provision of the said
revised PSAK: (i) losses of a subsidiary that
result in a deficit balance to non-controlling
interests (“NCI”); (ii) loss of control over a
subsidiary; (iii) changes in the ownership
interest in a subsidiary that do not result in the
loss of control; (iv) potential voting rights in
measuring the existence of control; and (v)
consolidation of a subsidiary that is subject to
long-term restriction.
12
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
2.
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
IKHTISAR KEBIJAKAN AKUNTANSI PENTING
(lanjutan)
c.
2.
Prinsip-prinsip konsolidasi (lanjutan)
SUMMARY OF SIGNIFICANT
POLICIES (continued)
c.
ACCOUNTING
Principles of consolidation (continued)
PSAK No. 4 (Revisi 2009) mengatur
penyusunan dan penyajian laporan keuangan
konsolidasian untuk sekelompok entitas yang
berada dalam pengendalian suatu entitas
induk dan dalam akuntansi untuk investasi
pada entitas-entitas anak, pengendalian
bersama entitas dan entitas asosiasi ketika
laporan keuangan tersendiri disajikan sebagai
informasi tambahan.
PSAK No. 4 (Revised 2009) provides for the
preparation and presentation of consolidated
financial statements for a group of entities
under the control of a parent and in accounting
for investments in subsidiaries, jointly
controlled entities and associated entities
when separate financial statements are
presented as additional information.
Penerapan PSAK No. 4 (Revisi 2009) tersebut
tidak memberikan pengaruh terhadap posisi
keuangan dan hasil usaha dari Grup dan
hanya berdampak pada penyesuaian atas
kebijakan
akuntansi
dan
penyajian
kepentingan non pengendali dalam laporan
posisi keuangan konsolidasian.
The adoption of PSAK No. 4 (Revised 2009)
has no impact on the financial position and
performance of the Group and only resulted in
the alignment of accounting policy and
changes in the presentation of non-controlling
interest in the consolidated statements of
financial position.
PSAK No. 4 (Revisi 2009) mengatur
penyusunan dan penyajian laporan keuangan
konsolidasian untuk sekelompok entitas yang
berada dalam pengendalian suatu entitas
induk dan dalam akuntansi untuk investasi
pada entitas Anak, pengendalian bersama
entitas dan entitas asosiasi ketika laporan
keuangan
tersendiri
disajikan
sebagai
informasi tambahan.
PSAK No. 4 (Revised 2009) provides for the
preparation and presentation of consolidated
financial statements for a Company and
Subsidiaries of entities under the control of a
parent and in accounting for investments in
subsidiaries, jointly controlled entities and
associated entities when separate financial
statements are presented as additional
information.
Seperti diuraikan pada bagian ini, penerapan
PSAK No. 4 (Revisi 2009) memberikan
pengaruh yang tidak signifikan terhadap
pelaporan keuangan berikut pengungkapan
terkait dalam laporan keuangan konsolidasian.
As described herein, the adoption of PSAK No.
4 (Revised 2009) has insignificant impact on
the financial reporting, including the related
disclosures, in the consolidated financial
statements.
Sejak Tanggal 1 Januari 2011
Since January 1, 2011
Laporan keuangan konsolidasian meliputi
laporan keuangan Grup, seperti yang
disebutkan pada Catatan 1, yang dimiliki oleh
Perusahaan (secara langsung atau tidak
langsung) dengan kepemilikan saham lebih
dari 50%.
The consolidated financial statements include
the accounts of the Group, mentioned in Note
1, in which the Company maintains (directly or
indirectly) equity ownership of more than 50%.
Pengendalian atas Entitas Anak dianggap ada
jika lebih dari 50% kekuasaan suara Entitas
Anak
dikendalikan
Perusahaan
atau
Perusahaan memiliki kemampuan untuk
mengendalikan kebijakan keuangan dan
operasi dari Entitas Anak, atau memiliki
kemampuan untuk mengganti atau menunjuk
sebagian besar Direksi, atau mengendalikan
suara mayoritas pada rapat manajemen.
Control over a Subsidiary is presumed to exist
where more than 50% of the Subsidiary’s
voting power is controlled by the Company or
the Company has the ability to control the
financial and operating policies of a
Subsidiary, or has the ability to remove or
appoint majority of the Subsidiary’s Board of
Directors, or control the majority of vote during
management meeting.
13
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
2.
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
IKHTISAR KEBIJAKAN AKUNTANSI PENTING
(lanjutan)
c.
2.
Prinsip-prinsip konsolidasi (lanjutan)
SUMMARY OF SIGNIFICANT
POLICIES (continued)
c.
ACCOUNTING
Principles of consolidation (continued)
Sejak Tanggal 1 Januari 2011 (lanjutan)
Since January 1, 2011 (continued)
Seluruh transaksi dan saldo akun antar
perusahaan yang signifikan (termasuk laba
atau rugi yang belum direalisasi) telah
dieliminasi
untuk
mencerminkan
posisi
keuangan dan hasil operasi Grup sebagai satu
kesatuan usaha.
All significant intercompany transactions and
account balances (including the related
significant unrealized gains or losses) have
been eliminated to reflect the financial position
and the results of operations of the Group as
one business entity.
Entitas-entitas Anak dikonsolidasi secara
penuh sejak tanggal akuisisi, yaitu tanggal
Perusahaan
memperoleh
pengendalian,
sampai
dengan
tanggal
Perusahaan
kehilangan
pengendalian.
Pengendalian
dianggap ada ketika Perusahaan memiliki
secara langsung atau tidak langsung melalui
Entitas-entitas Anak, lebih dari setengah
kekuasaan hak suara entitas.
Subsidiaries are fully consolidated from the
date of acquisitions, being the date on which
the Company obtained control, and continue to
be consolidated until the date such control
ceases. Control is presumed to exist if the
Company owned directly or indirectly through
Subsidiaries, more than a half of the voting
power of an entity.
Pengendalian juga ada ketika entitas induk
memiliki setengah atau kurang kekuasaan
suara suatu entitas jika terdapat:
a. kekuasaan yang melebihi setengah hak
suara sesuai perjanjian dengan investor
lain;
b. kekuasaan yang mengatur kebijakan
keuangan
dan
operasional
entitas
berdasarkan
anggaran
dasar
atau
perjanjian;
c. kekuasaan
untuk
menunjuk
atau
mengganti sebagian besar direksi atau
organ pengatur setara dan mengendalikan
entitas melalui direksi atau organ tersebut;
atau
d. kekuasaan untuk memberikan suara
mayoritas pada rapat direksi atau organ
pengatur setara dan mengendalikan
entitas melalui direksi atau organ tersebut.
Control also exists when the parent owns half
or less of the voting power of an entity when
there is:
a. power over more than half of the voting
rights by virtue of an agreement with other
investors;
b. power to govern the financial and
operating policies of the entity under a
statute or an agreement;
Rugi entitas anak diatribusikan pada KNP
bahkan jika hal ini mengakibatkan KNP
mempunyai saldo defisit.
Losses of a subsidiary are attributed to NCI
even if that results in a deficit balance.
Jika kehilangan pengendalian atas suatu
entitas anak, maka Grup:
i. menghentikan pengakuan aset (termasuk
goodwill) dan liabilitas entitas anak;
ii. menghentikan pengakuan jumlah tercatat
setiap KNP;
iii. menghentikan
pengakuan
akumulasi
selisih penjabaran, yang dicatat di ekuitas;
iv. mengakui nilai wajar pembayaran yang
diterima;
v. mengakui setiap sisa investasi pada nilai
wajarnya;
If it losses control over a subsidiary, the
Group:
i. derecognizes the assets (including
goodwill) and liabilities of the subsidiary;
ii. derecognizes the carrying amount of any
NCI;
iii. derecognizes the cumulative translation
differences, recorded in equity, if any;
iv. recognizes the fair value of the
consideration received;
v. recognizes the fair value of any
investment retained;
14
c.
power to appoint or remove the majority of
the members of the board of directors or
equivalent governing body and control of
the entity is by that board or body; or
d.
power to cast the majority of votes at
meetings of the board of directors or
equivalent governing body and control of
the entity is by that board or body.
The original consolidated financial statements included herein are in
the Indonesian language.
PT MODERN INTERNASIONAL Tbk
DAN ENTITAS ANAK
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2011, 2010 dan 2009
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
2.
PT MODERN INTERNASIONAL Tbk
AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS
Years Ended
December 31, 2011, 2010 and 2009
(Expressed in Rupiah, unless otherwise stated)
IKHTISAR KEBIJAKAN AKUNTANSI PENTING
(lanjutan)
c.
d.
2.
Prinsip-prinsip konsolidasi (lanjutan)
SUMMARY OF SIGNIFICANT
POLICIES (continued)
c.
ACCOU