Krakatau Steel 31 Maret 2015 released
PT Krakatau Steel (Persero) Tbk
dan entitas anak/and subsidiaries
Laporan Keuangan Konsolidasian
31 Maret 2015, 31 Desember 2014 (disajikan kembali)
dan 31 Desember 2013 (disajikan kembali) /
Consolidated Financial Statements
March 31, 2015, December 31, 2014 (As Restated)
And December 31, 2013 (As Restated)
The original consolidated financial statements included herein are in
the Indonesian language.
PT KRAKATAU STEEL (PERSERO) Tbk
DAN ENTITAS ANAK
LAPORAN KEUANGAN KONSOLIDASIAN
PERIODE YANG BERAKHIR PADA TANGGALTANGGAL 31 MARET 2015,
31 DESEMBER 2014 (DISAJIKAN KEMBALI)
DAN 31 DESEMBER 2013 (DISAJIKAN KEMBALI)
PT KRAKATAU STEEL (PERSERO) Tbk
AND SUBSIDIARIES
CONSOLIDATED FINANCIAL STATEMENTS
PERIODS ENDED MARCH 31, 2015,
DECEMBER 31, 2014 (AS RESTATED) AND
DECEMBER 31, 2013 (AS RESTATED)
Halaman/
Page
Daftar Isi
Laporan Posisi Keuangan
Konsolidasian………...………………………...
1 –2
Table of Contents
Consolidated Statements of Financial
....………………………………………… Position
Laporan Laba Rugi dan Penghasilan Komprehensif
Lain Konsolidasian …………………………………..
3
Consolidated Statements of Profit or Loss and Other
……………………...……….Comprehensive Income
Laporan Perubahan Ekuitas
Konsolidasian ……………………………………..
4
Consolidated Statements of Changes
……………………..…………………… in quity
Laporan Arus KasKonsolidasian ……………………
5
Catatan atas Laporan Keuangan
Konsolidasian …………………….……………….
6-191
…….…… Consolidated Statements of Cash lows
*********************
Notes to the Consolidated Financial
……..…………..…………………….. tatements
The original consolidated financial statements included herein are in
the Indonesian language.
PT KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
LAPORAN POSISI KEUANGAN KONSOLIDASIAN
INTERIM
Tanggal 31 Maret 2015, 31 Desember 2014 (Disajikan
Kembali dan 31 Desember 2013 (Disajikan Kembali)
(Disajikan dalam ribuan Dolar AS,
kecuali dinyatakan lain)
Catatan/
Notes
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
INTERIM CONSOLIDATED STATEMENT OF
FINANCIAL POSITION
As of March 31, 2015, December 31, 2014 (As Restated)
and December 31, 2013 (As Restated)
(Expressed in thousands of US Dollar,
unless otherwise stated)
31/03/2015
Unaudited
31/12/2014
As Restated
31/12/2013
As Restated
ASET
ASET LANCAR
Kas dan setara kas
ASSETS
192.701
236.689
190.232
CURRENT ASSETS
Cash and cash equivalents
-
-
7.810
Short-term investments
40.020
20.172
26
117.487
92.533
140.303
108.523
159.101
117.068
18.124
23.825
541.267
52.986
28.643
2.789
28.375
480.871
33.529
7.372
18.158
38.832
519.086
35.515
9.391
Restricted time deposits
Trade receivables, net of
allowance for impairment
losses of US$3,968 as of
March 31, 2015, US$5,094
as of December 31, 2014
and US$3,434 as of
December 31, 2013
Third parties
Related parties
Other receivables, net of
allowance for impairment
losses of US$241 as of
March 31, 2015, US$551
as of December 31, 2014 and
US$558 as of December 31, 2013
Third parties
Related parties
Inventories, net
Advances and prepaid expenses
Prepaid taxes
1.107.587
1.058.623
1.095.219
Total Current Assets
52.568
58.423
54.448
NON-CURRENT ASSETS
Estimated claims for tax refund
194.463
85.874
213.095
80.446
255.417
39.887
1.166.163
1.097.410
857.738
2k
13.302
14.446
13.987
Investments in shares of stock, net
Deferred tax assets, net
Fixed assets, net of accumulated
depreciation of US$705,124
as of March 31, 2015,
US$690,710 as of December 31,
2014 and US$622,596 as of
December 31, 2013
Other assets
Real estate assets
2j,13
2c,2d,2e,2f
21,32,36
2d,2f,2j
32,34,36
1.522
1.995
3.659
Assets not used in operations
32.092
28.177
19.798
Restricted cash and time deposits
17.631
47.454
41.226
Others
Total Aset Tidak Lancar
1.563.615
1.541.446
1.286.160
Total Non-Current Assets
TOTAL ASET
2.671.202
2.600.070
2.381.379
TOTAL ASSETS
Investasi jangka pendek
Deposito berjangka yang dibatasi
penggunaannya
Piutang usaha, setelah dikurangi
cadangan kerugian penurunan nilai
sebesar US$3.968 pada tanggal
31 Maret 2015, US$5.094
pada tanggal 31 Desember 2014
dan US$3,434 pada tanggal
31 Desember 2013
Pihak ketiga
Pihak berelasi
Piutang lain-lain, setelah dikurangi
cadangan kerugian penurunan nilai
sebesar US$241 pada tanggal
31 Maret 2015, US$551
pada tanggal 31 Desember 2014 dan
US$558 pada tanggal 31 Desember 2013
Pihak ketiga
Pihak berelasi
Persediaan, neto
Uang muka dan biaya dibayar di muka
Pajak dibayar di muka
2c,2d,2e,2f
4,9,32,36
2d,2f,5,32,36
2c,2e,2f
6,9,15,32
2d,2f,3
7,15,21,31
32,36
2c,9
2d,2f,8
17,32,36
2c,9,12
2g,3,10,15,21
2d,2h,11,35,36
2r,18
Total Aset Lancar
ASET TIDAK LANCAR
Estimasi tagihan pajak
Penyertaan saham, neto
Aset pajak tangguhan, neto
Aset tetap, setelah dikurangi akumulasi
penyusutan sebesar US$705.124
pada tanggal 31 Maret 2015,
US$690.710 pada tanggal
31 Desember 2014 dan US$622.596
pada tanggal 31 Desember 2013
Aset lain-lain
Aset real estat
Aset yang tidak digunakan
dalam operasi
Kas dan Deposito berjangka yang
dibatasi penggunaannya
Lain-lain
2r,18
2d,2f,2i
12,32,36
2r,3,18
2j,3,
13,15,21
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 KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
LAPORAN POSISI KEUANGAN KONSOLIDASIAN
INTERIM
Tanggal 31 Maret 2015, 31 Desember 2014 (Disajikan
Kembali dan 31 Desember 2013 (Disajikan Kembali)
(Disajikan dalam ribuan Dolar AS,
kecuali dinyatakan lain)
Catatan/
Notes
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
INTERIM CONSOLIDATED STATEMENT OF
FINANCIAL POSITION
As of March 31, 2015, December 31, 2014 (As Restated)
and December 31, 2013 (As Restated)
(Expressed in thousands of US Dollar,
unless otherwise stated)
31/03/2015
Unaudited
31/12/2014
As Restated
31/12/2013
As Restated
LIABILITAS DAN EKUITAS
LIABILITIES AND
SHAREHOLDER’S EQUITY
CURRENT LIABILITIES
LIABILITAS JANGKA PENDEK
Pinjaman bank jangka pendek
Utang usaha
Pihak ketiga
Pihak berelasi
Utang lain-lain
Pihak ketiga
Pihak berelasi
Utang pajak
Beban akrual
Liabilitas imbalan kerja jangka pendek
Uang muka penjualan dan lainnya
Bagian pinjaman jangka panjang yang
jatuh tempo dalam waktu satu tahun
Bagian liabilitas keuangan jangka panjang
yang jatuh tempo dalam
waktu satu tahun
Total Liabilitas Jangka Pendek
LIABILITAS JANGKA PANJANG
Liabilitas pajak tangguhan, neto
Uang muka konstruksi, bagian jangka
panjang
Pinjaman jangka panjang, setelah
dikurangi bagian yang jatuh tempo
dalam waktu satu tahun
Liabilitas keuangan jangka panjang, setelah
dikurangi bagian yang jatuh
tempo dalam waktu satu tahun
Liabilitas Imbalan kerja jangka
panjang
2c,2d,2f,6,7,9
10,13,15,32,36
2d, 2f
16,32,36
2c,9
2d,2f
17,32,36
2c,9
2r,3,18
2d,2f,19,32,36
2f,2q,3,23
2c,2d,9,20,36
2c,2d,2f,7,9
10,13,21,32,36
1.198.636
1.037.148
800.476
117.980
22.797
164.370
38.513
152.220
27.679
10.011
5.308
17.212
54.026
8.436
22.054
34.358
3.157
14.675
33.809
8.542
23.306
17.060
2.721
12.886
24.200
9.157
31.175
55.749
55.400
59.826
Short-term bank loans
Trade payables
Third parties
Related parties
Other payables
Third parties
Related parties
Taxes payables
Accrued expenses
Short-term employee benefits liabilities
Sales and other advances
Current maturities of long-term
loans
92
1.512.301
17
1.413.295
747
1.138.147
Current maturities of long-term
financial liabilities
Total Current Liabilities
2r,3,18
1.825
354
4.359
2d,20,36
2c,2d,2f
7,9,10,13
21,32,36
8.745
8.314
-
NON-CURRENT LIABILITIES
Deferred tax liabilities, net
Advances for construction,
long-term porttion
265.403
247.829
146.026
Long-term Loans, net of current
maturities
2d,2f,22,
32,36
5.653
6.366
7.692
2q,3,23
42.423
42.492
40.634
Long-term financial liabilities,
net of current maturities
Long-term employee benefits
liabilities
324.049
305.356
198.711
Total Non-Current Liabilities
1.836.350
1.718.651
1.336.858
TOTAL LIABILITIES
2d,2f,22,
32,36
Total Liabilitas Jangka Panjang
TOTAL LIABILITAS
EKUITAS
EKUITAS YANG DAPAT
DIATRIBUSIKAN KEPADA PEMILIK
ENTITAS INDUK
Modal saham
Nilai nominal Rp500 (angka penuh) per
saham
Modal Dasar - 40.000.000.000 saham
yang terdiri dari 1 saham Seri A
Dwiwarna dan 39.999.999.999
saham Seri B
Modal ditempatkan dan disetor penuh 15.775.000.000 saham yang terdiri dari
1 Seri A Dwiwarna dan 15.774.999.999
saham Seri B
Tambahan modal disetor, neto
Pendapatan komprehensif lainnya
Saldo laba (akumulasi kerugian)
Dicadangkan
Tidak dicadangkan
Total Ekuitas Yang Dapat Diatribusikan
Kepada Pemilik Entitas Induk
Kepentingan Nonpengendali
EKUITAS, NETO
TOTAL LIABILITAS DAN EKUITAS
25
1b,2n,26
2b,24
855.968
116.263
(69.086)
855.968
116.263
(65.406)
855.968
117.217
(59.159)
146.834
(227.476)
146.834
(185.197)
146.834
(36.184)
822.504
868.463
1.024.677
EQUITY
EQUITY ATTRIBUTABLE TO
OWNERS OF THE PARENT
ENTITY
Share capital
par value Rp500 (full amount) per
share
Authorized capital - 40.000.000.000
shares which consist of 1 Series A
Dwiwarna and 39.999.999.999
Series B
Issued and fully paid - 15,775,000,000
shares which consist of 1 Series A
Dwiwarna share and 15.774.999.999
Series B
Additional paid-in capital, net
Other comprehensive income
Retained earnings (accumulated losses)
Appropriated
Unappropriated
Total Equity Attributable to
Owners of the Parent Entity
12.349
834.853
12.955
881.419
19.843
1.044.521
Non-controlling Interests
EQUITY, NET
2.671.202
2.600.069
2.381.379
TOTAL LIABILITIES AND EQUITY
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 KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
LAPORAN LABA RUGI DAN PENGHASILAN
KOMPREHENSIF LAIN KONSOLIDASIAN INTERIM
PeriodeYang Berakhir pada Tanggal
31 Maret 2015 dan 2014 (Disajikan Kembali)
(Disajikan dalam ribuan Dolar AS,
kecuali dinyatakan lain)
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
INTERIM CONSOLIDATED STATEMENT OF PROFIT OR LOSS
AND OTHER COMPREHENSIVE INCOME
Period Ended March 31, 2015
and 2014 (As Restated)
(Expressed in thousands of US Dollar,
unless otherwise stated)
31/03/2015
Unaudited
PENDAPATAN NETO
BEBAN POKOK PENDAPATAN
LABA BRUTO
Beban Penjualan
352.029
(349.351)
(7.495)
(9.190)
OPERATING PROFIT
(20.961)
1.598
(14.355)
(11.201)
Share in loss of associates
Finance income
Gain (Loss) on foreign exchange, net
Finance expense
(54.110)
PROFIT (LOSS) BEFORE TAX
EXPENSE (BENEFIT)
5.377
(6.181)
(804)
4.033
(8.775)
(4.742)
TAX EXPENSE (BENEFIT)
Current tax
Deferred tax, net
Tax Benefit, net
(42.920)
(49.368)
PROFIT (LOSS) FOR THE PERIOD
(23.122)
Other comprehensive income
Difference in foreign currency
translation of the financial statements
of Subsidiaries
(1.031)
Measurement of Employee benefits
(73.521)
TOTAL COMPREHENSIVE
INCOME (LOSS) FOR THE PERIOD
(46.276)
(3.092)
(49.368)
TOTAL PROFIT (LOSS)
ATTRIBUTABLE TO:
Owners of the parent entity
Non-controlling interest
TOTAL
(66.448)
(7.072)
(73.521)
TOTAL COMPREHENSIVE INCOME
(LOSS) FOR THE PERIOD
ATTRIBUTABLE TO:
Owners of the parent entity
Non-controlling interest
TOTAL
(0,0029)
BASIC EARNINGS (LOSS) PER SHARE AND DILUTED
ATTRIBUTABLE TO OWNERS
OF THE PARENT ENTITY
(in full Dollar US amount)
(21.606)
1.539
26.276
(20.006)
LABA SEBELUM BEBAN
(MANFAAT) PAJAK
(43.724)
TOTAL PENDAPATAN (RUGI)
KOMPREHENSIF PERIODE BERJALAN
YANG DAPAT DIATRIBUSIKAN KEPADA:
Pemilik entitas induk
Kepentingan nonpengendali
TOTAL
LABA (RUGI) SAHAM DASAR DAN DILUSIAN
YANG DAPAT DIATRIBUSIKAN
KEPADA PEMILIK ENTITAS INDUK
(dalam Dolar AS penuh)
2c,2h,2j,
2o,2q,9,30
2c,2h,2j,
2o,2q,9,30
GROSS PROFIT
General and Administrative expenses
Sales of waste products
Other income
Other expenses
Bagian Laba (Rugi) dari entitas asosiasi
Pendapatan keuangan
Laba (Rugi) selisih kurs, bersih
Beban keuangan
TOTAL LABA (RUGI) YANG DAPAT
DIATRIBUSIKAN KEPADA:
Pemilik entitas induk
Kepentingan nonpengendali
TOTAL
10.553
COST OF REVENUES
(20.467)
4.913
5.135
(217)
(29.928)
TOTAL PENDAPATAN (RUGI)
KOMPREHENSIF PERIODE BERJALAN
(448.938)
NET REVENUES
Selling expense
LABA OPERASI
PENDAPATAN KOMPREHENSIF LAIN
Selisih kurs karena penjabaran
laporan keuangan
Entitas Anak - Neto
Pengukuran kembali
Imbalan kerja
459.491
(9.106)
(27.925)
878
2.505
(569)
LABA (RUGI) PERIODE BERJALAN
2c,2o,9,
28,37
2c,2j,2o,9,
29,37
2.678
Beban umum dan administrasi
Penjualan limbah produksi
Pendapatan lain-lain
Beban lain-lain
BEBAN (MANFAAT) PAJAK
Pajak kini
Pajak tangguhan, neto
Manfaat Pajak, Neto
31/03/2014
As Restated
Catatan/
Notes
2f,2n,12
13,18
12
4,5
2d,2f,17
15,21
2r,18
(3.965)
2b
319
(46.566)
(42.280)
(640)
(42.920)
2b,24
(45.959)
(607)
(46.566)
(0,0027)
2s,30
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.
3
The original consolidated financial statements included herein are in the Indonesian language.
PT KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN INTERIM
Periode Yang Berakhir Pada 31 Maret 2015 dan 31 Maret 2014 (disajikan kembali)
(Disajikan dalam ribuan Dolar AS, kecuali dinyatakan lain)
Catatan /
Notes
Saldo pada tanggal 31 Desember 2013
Modal Saham
Ditempatkan dan
Disetor Penuh/
Issued and Fully
Paid Share Capital
Tambahan
Modal Disetor,
neto /
Additional Paidin Capital, net
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Sudsidiaries
INTERIM CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Period Ended March 31, 2015 and March 31, 2014 (As Restated)
(Expressed in thousands of US Dollar, unless otherwise stated)
Saldo Laba (Akumulasi Kerugian)/
Retained Earnings (Accumulated
Losses)
Dicadangkan/
Appropriated
Tidak
dicadangkan/
Unappropriated
855.968
117.217
146.834
(36.184)
Rugi tahun berjalan
-
-
-
(46.276)
Pendapatan komprehensif lain
Adopsi PSAK 24 (R2013)
-
-
-
-
-
-
-
-
Selisih Kurs karena
penjabaran Laporan
Keuangan Entitas Anak/
Difference in Foreign
Currency Translation of the
Financial Statement of
Subsidairies
Pengukuran
kembali
imbalan
kerja/
Measurement
of Employee
Benefits
(55.595)
(3.564)
(23.118)
-
Total/
Total
1.024.677
-
(46.276)
-
(23.118)
(1.035)
(1.035)
Kepentingan
non pengendali/
Non-controlling
interest
Ekuitas, Neto/
Equity, Net
19.843
1.044.521
(7.077)
Loss for the year
0
(23.117)
Other comprehensive income
5
(1.030)
Total laba komprehensif - rugi
tahun berjalan
-
-
-
(46.276)
(23.118)
(1.035)
(70.429)
(7.072)
(77.501)
for the year
Cash dividends to non-controlling
23
-
-
-
-
-
-
-
-
-
Setoran modal dari kepentingan
nonpengendali
Adopsi PSAK 24 (R2013)
Total comprehensive income - Loss
Dividen tunai kepada kepentingan
nonpengendali
Balance as of December 31, 2013
(53.354)
interests
Capital Contribution from
1c,23
-
-
-
-
-
-
-
-
-
non-controlling interest
2v,25,38
-
-
-
-
-
-
-
-
-
Vesting of management stock option
Saldo pada tanggal 31 Maret 2014
855.968
117.217
146.834
(82.460)
(78.712)
(4.600)
954.248
12.771
967.019
Balance as of March 31, 2014
Saldo pada tanggal 31 Desember 2014
855.968
116.263
146.834
(185.197)
(58.141)
(7.264)
868.463
12.955
881.419
Balance as of December 31, 2014
(42.280)
Opsi kepemilikan saham oleh manajemen
Yang telah Vested
Laba tahun berjalan
2c
-
-
-
Pendapatan komprehensif lain
2c
-
-
-
Pengukuran kembali imbalan kerja
-
-
(42.280)
(640)
(42.920)
Profit for the year
-
(3.998)
-
(3.998)
34
(3.965)
Other comprehensive income
-
-
319
319
-
319
Total laba komprehensif - rugi
tahun berjalan
Dividen tunai kepada kepentingan
-
-
-
(42.280)
(3.998)
319
(45.959)
(607)
(46.566)
27
nonpengendali
for the year
Cash dividends to non-controlling
-
-
-
-
-
-
-
-
-
Setoran modal dari kepentingan
Nonpengendali
Measurement of Employee benefits
Total comprehensive income - Loss
interests
Capital contribution from non-controlling
1c,23
-
-
-
-
-
-
-
-
-
interests
Opsi kepemilikan saham oleh manajemen
Yang telah Vested
Saldo pada tanggal 31 Maret 2015
2v,25,38
-
-
-
855.968
116.263
146.834
-
-
(227.476)
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak
terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.
(62.140)
(6.946)
-
-
-
Vesting of management stock option
822.504
12.349
834.853
Balance as of March 31, 2015
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 KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
LAPORAN ARUS KAS KONSOLIDASIAN INTERIM
PeriodeYang Berakhir pada Tanggal
31 Maret 2015 dan 2014 (Disajikan Kembali)
(Disajikan dalam ribuan Dolar AS,
kecuali dinyatakan lain)
31/03/2015
Unaudited
ARUS KAS DARI AKTIVITAS
OPERASI
Penerimaan dari pelanggan
Penerimaan dari tagihan pajak
Penerimaan dari pendapatan bunga
Pembayaran kepada pemasok
Pembayaran beban usaha
dan lainnya
Pembayaran kepada karyawan
Pembayaran untuk pajak
Pembayaran untuk beban bunga
dan beban bank
Kas neto yang (digunakan untuk)
diperoleh dari aktivitas operasi
ARUS KAS DARI AKTIVITAS
INVESTASI
Penarikan kas dan deposito
berjangka yang dibatasi penggunaannya
Penambahan penyertaan pada saham
Penambahan aset tetap
Kas neto yang digunakan untuk
aktivitas investasi
ARUS KAS DARI AKTIVITAS
PENDANAAN
Penerimaan bank Jangka Pendek, neto
Penerimaan Pinjaman Jangka Panjang
Pembayaran Pinjaman Jangka Panjang
Pembayaran untuk beban bunga
Kas neto yang diperoleh dari
aktivitas pendanaan
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
INTERIM CONSOLIDATED STATEMENT OF
CASH FLOWS
Period Ended March 31, 2015
(Expressed in thousands of US Dollar,
unless otherwise stated)
31/03/2014
Unaudited
Catatan/
Notes
419.215
556
1.747
(394.478)
510.118
671
1.218
(367.872)
(11.392)
(20.777)
(53.068)
(26.011)
(22.510)
(46.796)
(3.732)
(2.651)
(61.930)
46.168
(23.825)
(3.600)
(118.931)
23
(24.993)
(35.506)
11
(146.356)
(60.476)
CASH FLOWS FROM OPERATING
ACTIVITIES
Receipts from customers
Receipts from claims for tax refund
Receipts from interest income
Payments to suppliers
Payments for operating expenses
and others
Payments to employees
Payments for taxes
Payments for interest and bank
charges
Net cash (used in) provided by
operating activities
CASH FLOWS FROM INVESTING
ACTIVITIES
Witdrawal of restricted
cash and time deposits
Additional investments in shares of stock
Purchase of fixed assets
Net cash used in investing
activities
CASH FLOWS FROM FINANCING
ACTIVITIES
Proceeds from Short-term
Proceeds from Long-term loans
Repayments of Long-term loans
Payments for interest
Net cash provided by financing
activities
161.980
24.612
(7.038)
(12.848)
(9.393)
42.724
(7.589)
(7.948)
166.705
17.794
KENAIKAN (PENURUNAN) NETO
KAS DAN SETARA KAS
(41.580)
3.486
INCREASE (DECREASE) IN
CASH AND CASH EQUIVALENTS
KAS DAN SETARA KAS AWAL
TAHUN
236.689
190.232
CASH AND CASH EQUIVALENTS
AT BEGINNING OF YEAR
390
Effect on foreign changes rate changes
194.108
CASH AND CASH EQUIVALENTS
AT END OF PERIOD
Dampak perubahan selisih kurs
KAS DAN SETARA KAS AKHIR
PERIODE
(2.407)
192.701
4
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.
5
The original separate financial statements as supplementary
information included herein is in the Indonesian language.
PT KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN INTERIM
31 Maret 2015
(Disajikan dalam ribuan Dolar AS dan dalam jutaan
Rupiah, Kecuali Dinyatakan Lain)
1.
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
NOTES TO THE INTERIM CONSOLIDATED
FINANCIAL STATEMENTS
March 31, 2015
(Expressed in thousands of US Dollar and in
millionsof Rupiah, Unless Otherwise Stated)
UMUM
1.
GENERAL
a. The Company’s Establishment
a. Pendirian Perusahaan
PT Krakatau Steel (Persero) Tbk (“Perusahaan”)
didirikan di Republik Indonesia pada tanggal 27
Oktober 1971 berdasarkan Akta Notaris No. 34
dari Notaris Tan Thong Kie, S.H. Perusahaan
didirikan untuk mengambil alih proyek pabrik
baja Trikora. Akta pendirian tersebut telah
disahkan oleh Menteri Kehakiman Republik
Indonesia dalam Surat Keputusannya No.
J.A.5/224/4 tanggal 31 Desember 1971 dan
diumumkan dalam Lembaran Berita Negara
Republik Indonesia No. 44 tanggal 8 Februari
1972, Tambahan No. 19.
PT Krakatau Steel (Persero) Tbk (the
“Company”) was established in the Republic of
Indonesia based on the Notarial Deed No. 34 of
Tan Thong Kie, S.H., dated October 27, 1971 to
take over the Trikora steel plant project. The
deed of establishment was approved by the
Ministry of Justice of the Republic of Indonesia
in its Decision Letter No. J.A.5/224/4 dated
December 31, 1971 and was published in the
State Gazette of the Republic of Indonesia No.
44 dated February 8, 1972, Supplement No. 19.
Anggaran Dasar Perusahaan telah mengalami
beberapa kali perubahan, yang terakhir dengan
Akta Notaris No. 42 tanggal 25 April 2014 dari
Jose Dima Satria, S.H., M.Kn.,. Pada tanggal 2
April 2015 Perusahaan melaksanakan Rapat
Umum Pemegang Saham Tahunan (RUPST),
dan Akta Notaris perubahan sedang dalam
proses pengurusan atas hasil RUPST tersebut.
The Company‟s Articles of Association have
been amended several times, most recently by
Notarial Deed No. 42 dated April 25, 2014 of
Jose Dima Satria, S.H., M.Kn.,. As of April 2,
2015, the Company held Minutes of the
Extraordinary General Meeting of Shareholder,
and the latest amended Notarial Deed still on
progress.
Tujuan Perusahaan adalah melaksanakan dan
menunjang berbagai kebijakan dan program
pembangunan Pemerintah di bidang ekonomi,
khususnya dalam industri baja.
The Company„s objective is to implement and
support the various policies and programs of the
Government for economic development,
especially with respect to the steel industry.
Sesuai dengan Pasal 3 Anggaran Dasar
Perusahaan,
ruang
lingkup
kegiatan
Perusahaan terutama meliputi bidang produksi,
perdagangan dan pemberian jasa. Ruang
lingkup kegiatan Perusahaan saat ini meliputi,
antara lain:
In accordance with Article 3 of the Company‟s
Articles of Association, the scope of its activities
mainly comprises production, trading and
rendering of services. Currently, the Company is
engaged in, among others:
(i)
(i)
Industri baja terpadu, yang memproduksi
besi spons, slab baja, billet baja, baja
lembaran panas, baja lembaran dingin, dan
batang kawat.
(ii) Perdagangan, yang meliputi kegiatan
pemasaran, distribusi dan keagenan, baik
dalam maupun luar negeri.
(iii) Pemberian jasa seperti jasa rekayasa dan
konstruksi, pemeliharaan mesin, konsultasi
teknis maupun penyediaan sarana dan
prasarana yang menunjang kegiatan usaha
Perusahaan.
(ii)
Integrated steel industry, which produces
sponge iron, slabs, billets, hot rolled coils,
cold rolled coils, and wire rods.
Trading activities, comprising marketing,
distribution and agency work, both in the
domestic and international markets.
(iii) Services, such as engineering and
construction,
machine
maintenance,
technical consultancy and provision of
infrastructure to support the activities of the
Company.
6
The original separate financial statements as supplementary
information included herein is in the Indonesian language.
PT KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN INTERIM
31 Maret 2015
(Disajikan dalam ribuan Dolar AS dan dalam jutaan
Rupiah, Kecuali Dinyatakan Lain)
1.
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
NOTES TO THE INTERIM CONSOLIDATED
FINANCIAL STATEMENTS
March 31, 2015
(Expressed in thousands of US Dollar and in
millionsof Rupiah, Unless Otherwise Stated)
UMUM (lanjutan)
1.
GENERAL (continued)
a. The Company’s Establishment (continued)
a. Pendirian Perusahaan (lanjutan)
(iv) Kegiatan
usaha
penunjang
seperti
pergudangan,
perbengkelan,
properti,
pelabuhan, pendidikan dan pelatihan,
limbah produk dan limbah industri
pembangkit listrik, pengelolaan air, dan
jasa teknologi informasi.
(iv) Supporting activites such as warehousing,
workshop,
property,
port
services,
education and training, waste and
industrial product, power plant, water
treatment, and information technology
services.
Perusahaan dan pabriknya berlokasi di Cilegon,
Banten.
Perusahaan
memulai
operasi
komersialnya pada tahun 1971. Perusahaan
memiliki fasilitas produksi dengan kapasitas
produksi baja kasar (crude steel) sebesar 2,45
juta ton (tidak diaudit) per tahun dan kapasitas
produksi baja jadi (finished steel products)
sebesar 2,85 juta ton (tidak diaudit) per tahun.
Perusahaan sedang membangun komplek
pabrik Blast Furnace yang akan memproduksi
1.200.000 metrik ton (tidak diaudit) hot metal
dan pig iron per tahun (Catatan 12).
The Company and its production facilities are
located in Cilegon, Banten. The Company
started its commercial operations in 1971. The
Company‟s production facilities have a
production capacity of 2.45million metric tons
(unaudited) of crude steel per year and 2.85
million metric tons (unaudited) of finished steel
products per year.The Company is constructing
a Blast Furnace complex which will produce
1,200,000 metric tons (unaudited) per year of
hot metal and pig iron (Notes 12).
Kantor pusat Perusahaan berkedudukan di
Jalan lndustri No. 5, Cilegon.
The Company‟s head office is located at Jalan
Industri No. 5, Cilegon.
Perusahaan dimiliki oleh Pemerintah Republik
Indonesia selaku pemegang saham mayoritas.
The Company is majorily owned by the
Government of the Republic of Indonesia.
b. The Company’s Public Offering
b. Penawaran Umum Efek Perusahaan
On October 29, 2010, the Company obtained
the effective statement from the Capital Market
and Financial Institution Supervisory Agency
(“Bapepam-LK”) No. S-9769/BL/2010 to conduct
public offering of its 3,155,000,000 new shares
with nominal value of Rp500 (full amount) per
share at a price of Rp850 (full amount) per
share. The Company‟s shares were listed on
the Indonesia Stock Exchange on November
10, 2010 (Note 24).
Pada tanggal 29 Oktober 2010, Perusahaan
memperoleh pernyataan efektif dari Badan
Pengawas Pasar Modal dan Lembaga
Keuangan (“Bapepam-LK”) No.S-9769/BL/2010
untuk melakukan penawaran umum saham
kepada masyarakat sebanyak 3.155.000.000
saham baru dengan nilai nominal Rp500 (angka
penuh) per saham dengan harga Rp850 (angka
penuh) per saham. Saham Perusahaan telah
dicatatkan di Bursa Efek Indonesia pada tanggal
10 November 2010 (Catatan 24).
c. Struktur Entitas Anak dan Entitas Asosiasi
c. The Subsidiaries and Associates Structure
As of March 31, 2015, December 31, 2014 and
2013, the percentage of ownership of the
Company, either directly or indirectly, and total
assets of the Subsidiaries are as follows:
Pada tanggal 31 Maret 2015, 31 Desember
2014 dan 2013, persentase kepemilikan
Perusahaan, baik secara langsung maupun
tidak langsung, dan total aset Entitas Anak
adalah sebagai berikut:
7
The original separate financial statements as supplementary
information included herein is in the Indonesian language.
PT KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN INTERIM
31 Maret 2015
(Disajikan dalam ribuan Dolar AS dan dalam jutaan
Rupiah, Kecuali Dinyatakan Lain)
1.
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
NOTES TO THE INTERIM CONSOLIDATED
FINANCIAL STATEMENTS
March 31, 2015
(Expressed in thousands of US Dollar and in
millionsof Rupiah, Unless Otherwise Stated)
UMUM (lanjutan)
1.
GENERAL (continued)
c. Struktur Entitas Anakdan Entitas Asosiasi
(lanjutan)
c. The Subsidiariesand Associates Structure
(continued)
Total aset sebelum
eliminasi/
Total assets before
elimination
Entitas Anak dan kegiatan usaha/
Subsidiaries and business activities
Kedudukan dan
tahun usaha
komersial dimulai/
Domicile and year
of commercial
operations started
PT Krakatau Wajatama ("PT KWT")
dan Entitas Anaknya/ and its Subsidiary
(PT Krakatau Wajatama Osaka Steel Marketing)
Cilegon, 1992
100,00
100,00
100,00
129.971
110.239
122.060
PT Krakatau Daya Listrik ("PT KDL")
Distributor dan penghasil listrik/
Generation and distribution of electricity
Cilegon, 1996
100,00
100,00
100,00
182.611
181.325
154.907
PT KHI Pipe Industries ("PT KHIP")
Manufaktur pipa Baja/ Steel pipe production
Cilegon, 1973
100,00
100,00
100,00
167.159
165.141
149.239
Cilegon, 1982
100,00
100,00
100,00
63.537
60.605
98.792
Cilegon, 1988
100,00
100,00
100,00
199.036
213.068
156.590
Cilegon, 1996
100,00
100,00
100,00
118.171
110.710
83.819
Cilegon, 1996
100,00
100,00
100,00
37.175
35.668
33.416
Cilegon, 1996
97,55
97,55
97,55
11.378
11.801
12.508
Cilegon, 1993
100,00
100,00
100,00
4.885
4.954
5.082
Cilegon, 2012
66,00
66,00
66,00
137.497
134.808
142.321
Cilegon, 2013
100,00
100,00
100,00
5.045
4.330
4.190
1.056.464
1.032.648
962.924
Persentase kepemilikan/
Percentage of ownership
2015
2014
2013
2015
2014
2013
Manufaktur baja profil dan tulangan/
Reinforcing bars and steel wires production
PT Krakatau Industrial Estate Cilegon ("PT KIEC")
dan Entitas Anaknya/ and its Subsidiaries
Industri real estat dan perhotelan/
Real estate and hotels industry
PT Krakatau Engineering (“PT KE”)
dan Entitas Anaknya/and Its Subsidiaries
Rekayasa dan konstruksi/
Construction and engineering
PT Krakatau Bandar Samudera (“PT KBS”)
Jasa pengelolaan pelabuhan/Port services provider
PT Krakatau Tirta Industri (“PT KTI”)
dan Entitas Anaknya/and Its Subsidiary
(PT Krakatau Daya Tirta)
Distributor dan pengolahan air/
Water treatment and distribution
PT Krakatau Medika (“PT KM”)1)
Jasa pelayanan kesehatan/
Medical services provider
PT Krakatau Information Technology (“PT KITech”)
Jasa teknologi komputer/Computer
technology provider
PT Meratus Jaya Iron & Steel (“PT MJIS”)
Manufaktur besi dan baja/Iron and steel production
PT Krakatau Nasional Resources (“PT KNR”)
Industri pengolahan hasil tambang/
Coal and mining industry
Total/ Total
1)
3,07% dimiliki oleh PT Pelat Timah Nusantara Tbk (“PT Latinusa”)
dan PT Latinusa dimiliki oleh Perusahaan sebesar 20,10%
1)
8
3.07% is owned by PT Pelat Timah Nusantara Tbk (“PT Latinusa”)
and PT Latinusa is 20.10% owned by the Company
The original separate financial statements as supplementary
information included herein is in the Indonesian language.
PT KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN INTERIM
31 Maret 2015
(Disajikan dalam ribuan Dolar AS dan dalam jutaan
Rupiah, Kecuali Dinyatakan Lain)
1.
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
NOTES TO THE INTERIM CONSOLIDATED
FINANCIAL STATEMENTS
March 31, 2015
(Expressed in thousands of US Dollar and in
millionsof Rupiah, Unless Otherwise Stated)
UMUM (lanjutan)
1.
GENERAL (continued)
c. Struktur Entitas Anak dan Entitas Asosiasi
(lanjutan)
c. The Subsidiaries and Associates Structure
(continued)
PT KIEC memiliki saham pada PT Rakata
Realtindo (“PT RR”), dahulu PT Laksana Maju
Jaya, dengan persentase kepemilikan sebesar
99,99%. PT RR bergerak dalam bidang real
estat dan memulai operasi komersialnya pada
tahun 2001.
PT KIEC owns shares of PT Rakata Realtindo
(“PT RR”), formerly PT Laksana Maju Jaya, with
the percentage of ownership of 99.99%. PT RR
is engaged in the business of real estate and
commenced its commercial operations in 2001.
PT Krakatau Daya Tirta (“PT KDT”) didirikan
dengan tujuan untuk mengambil alih kegiatan
usaha air minum merek Quelle yang
sebelumnya merupakan unit usaha PT KDL
dengan komposisi kepemilikan sebesar 99,98%
oleh PT KTI dan 0,02% oleh PT KDL.
PT Krakatau Daya Tirta (“PT KDT”) was
established with the objective to take over
Quelle mineral water business which was
previously a business unit of PT KDL with share
composition of 99,98% owned by PT KTI and
0,02% owned by PT KDL.
Perusahaan bekerjasama dengan PT Aneka
Tambang (Persero) Tbk (“PT Antam”)
mendirikan PT MJIS pada tanggal 9 Juni 2008
dengan persentase kepemilikan adalah 66%
oleh Perusahaan dan 34% oleh PT Antam. PT
MJIS bergerak dalam bidang produksi besi dan
baja, perdagangan dan jasa yang berkaitan
dengan besi dan baja dan berkedudukan di
Jakarta. PT MJIS memulai operasi komersialnya
pada bulan November 2012.
The Company together with PT Aneka
Tambang (Persero) Tbk (“PT Antam”)
established PT MJIS on June 9, 2008 with the
percentage of ownership of 66% for the
Company and 34% for PT Antam. PT MJIS is
engaged in iron and steel production, trading
and services relating to iron and steel products
and is located in Jakarta. PT MJIS commenced
its commercial operations in November 2012.
Pada tanggal 17 Januari 2013, PT KE
mengakuisisi seluruh saham PT KHIP yang
dimiliki oleh PT Kertas Basuki Rachmat
Indonesia Tbk.
On January 17, 2013, PT KE acquired all
shares of PT KHIP owned by PT Kertas Basuki
Rachmat Indonesia Tbk.
Pada tanggal 22 Februari 2013, PT KE
mendirikan PT Krakatau Konsultan (“PT KK”)
dengan persentase kepemilikan sebesar
99,99%. PT KK bergerak dalam bidang jasa
konsultasi.
On February 22, 2013, PT KE established PT
Krakatau Konsultan (“PT KK”) with the
percentage of ownership of 99.99%. PT KK
engaged in consulting services.
Pada tanggal 17 Juni 2013, PT KE dan PT KK
mendirikan PT Krakatau Perbengkelan dan
Perawatan (“PT KPDP”) dengan persentase
kepemilikan sebesar 99% untuk PT KE dan 1%
untuk PT KK. PT KPDP bergerak dalam bidang
perbengkelan, jasa dan perindustrian.
On June 17, 2013, PT KE and PT KK
established PT Krakatau Perbengkelan dan
Perawatan (“PT KPDP”) with the percentage of
ownership of 99% for PT KE and 1% for PT KK.
PT KPDP engaged in workshop, service and
industry.
Pada tanggal 20 Desember 2013, PT KIEC dan
Golden Lime Public Company Limited (“GLPCL”)
mendirikan PT Krakatau Golden Lime (“PT KGL”)
yang akan mengoperasikan pabrik kapur bakar
dengan kapasitas produksi sebesar 148.500 ton
(tidak diaudit) per tahun. Persentase kepemilikan
PT KIEC adalah 90% dan GLPCL adalah 10%.
Pembangunan pabrik diharapkan akan selesai
pada bulan April 2015.
On December 20, 2013, PT KIEC and Golden
Lime Public Company Limited (“GLPCL”)
established PT Krakatau Golden Lime
(“PT KGL”) which will operate the Burnt Lime
plant
with
a
production
capacity
of
approximately 148,500 tons (unaudited) per
year. The percentage of ownership of PT KIEC
and GLPCL are 90% and 10%, respectively.
The construction of the plant is expected to be
completed in April 2015.
9
The original separate financial statements as supplementary
information included herein is in the Indonesian language.
PT KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN INTERIM
31 Maret 2015
(Disajikan dalam ribuan Dolar AS dan dalam jutaan
Rupiah, Kecuali Dinyatakan Lain)
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
NOTES TO THE INTERIM CONSOLIDATED
FINANCIAL STATEMENTS
March 31, 2015
(Expressed in thousands of US Dollar and in
millionsof Rupiah, Unless Otherwise Stated)
1. UMUM (lanjutan)
1. GENERAL (continued)
c. Struktur Entitas Anak dan Entitas Asosiasi
(lanjutan)
c. The Subsidiaries and Associates Structure
(continued)
Pada tanggal 15 Oktober 2014, PT KWT dan
PT Krakratau Osaka Steel (“PT KOS”)
mendirikan PT Krakatau Wajatama Osaka Steel
Marketing (“PT KWOSM”) dengan persentase
kepemilikan sebesar 67% untuk PT KWT dan
33% untuk PT KOS. PT KWOSM bergerak
dalam bidang pemasaran dan penjualan produk
yang diproduksi oleh PT KWT dan PT KOS.
Sampai dengan tanggal 31 Maret 2015,
PT KWOSM belum beroperasi komersial.
On October 15, 2014, PT KWT and PT
Krakatau Osaka Steel (“PT KOS”) established
PT Krakatau Wajatama Osaka Steel Marketing
(“PT KWOSM”) with percentage of ownership of
67% for PT KWT and 33% for PT KOS.
PT KWOSM is engaged in marketing and sales
of products produced by PT KWT and PT KOS.
Up to March 31, 2015, PT KWOSM has not yet
started its commercial operations.
Informasi mengenai Entitas Asosiasi yang
dimiliki oleh Perusahaan dan Entitas Anaknya
(secara
bersama-sama
disebut
sebagai
“Kelompok Usaha”) pada tanggal-tanggal 31
Maret 2015, 31 Desember 2014 dan 2013
adalah sebagai berikut:
Information about Associates owned by the
Company and its Subsidiaries (collectively
referred to as the “Group”) as of March 31,
2015, December 31, 2014 and 2013 are as
follows:
Entitas Asosiasi/
Associates
PT. Kraktau Posco ("PT KP")
PT. Pelat Timah Nusantara ("PT Latinusa")
PT. Kerismas Witikco Makmur
("PT Kerismas")
PT. Krakatau Prima Dharma Sentana
("PT KPDS")
PT. Krakatau Daedong Machinery
("PT KDM")
PT Krakatau Posco Chemtech
Calcination (“PT KPCC”)
PT Krakatau Pos-ChemDong-suh Chemical
(“PT KPDC”)
PT Krakatau Agro Logistik („PT KAL”)
PT Indo Japan Steel Center(“PT IJSC”)
PT Krakatau Osaka Steel (“PT KOS”)
PT Krakatau Nippon Steel Sumikin
(“PT KNSS”)
PT Krakatau Samator
PT Krakatau Semen Indonesia („PT KSI‟)
PT Krakatau Blue Water (“PT KBW”)
PT Wijaya Karya Krakatau Beton
(“PT WKKB”)
Kedudukan dan
Tahun Usaha
Komersial Dimulai/
Domicile and Year
of Commercial
Operations Started
Persentase Kepemilikan/
Percentage of Ownership
Kegiatan Usaha/
Business Activities
Cilegon, 2014 Manufaktur besi dan baja/
Iron and steel production
Cilegon, 1986 Manufaktur baja berlapis timah/
Tin plate steel production
Jakarta, 1980 Manufaktur seng/
Zinc production
Cilegon, 1987 Manufaktur alumunium/
Aluminium production
Cilegon, 2013 Jasa reparasi mesin/
Mesin repairment
Cilegon, 2014 Manufaktur kapur/
Lime calcining production
Cilegon, 2014 Manufaktur limbah batu bara/
Distilled Coal Tar production
Cilegon, 2014 Jasa transportasi/
Transportation service
Cilegon, 2014 Perdagangan baja plat dan lembaran/
Plate and rolled steel trading
Cilegon, - Manufaktur baja profil dan tulangan/
Section and reinforcing bars production
Cilegon, - Manufaktur baja galvanized dan
annealing/Galvanized and annealed
steel production
Cilegon, - Perdagangan, pembangunan dan jasa/
Trade, development and services
Cilegon, 2014 Manufaktur slag powder/
Slag powder production
Transportation service
Cilegon, 2013 Jasa pengolahan air limbah/
Water treatment service
Cilegon, - Manufaktue beton pracetak/
Precast concrete production
10
2015
2014
2013
30,00
30,00
30,00
20,10
20,10
20,10
29,31
29,31
29,31
25,00
25,00
25,00
30,00
30,00
30,00
20,00
20,00
20,00
30,00
30,00
30,00
48,00
48,00
48,00
20,00
20,00
20,00
20,00
20,00
49,00
20,00
20,00
49,00
24,00
24,00
24,00
50,00
50,00
50,00
33,00
33,00
33,00
30,00
30,00
30,00
The original separate financial statements as supplementary
information included herein is in the Indonesian language.
PT KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN INTERIM
31 Maret 2015
(Disajikan dalam ribuan Dolar AS dan dalam jutaan
Rupiah, Kecuali Dinyatakan Lain)
1.
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
NOTES TO THE INTERIM CONSOLIDATED
FINANCIAL STATEMENTS
March 31, 2015
(Expressed in thousands of US Dollar and in
millionsof Rupiah, Unless Otherwise Stated)
UMUM (lanjutan)
1.
d. Dewan Komisaris, Direksi dan Karyawan
GENERAL (continued)
d. Boards of Commissioners, Directors and
Employees
The Boards of Commissioners and Directors of
the Company as of March 31, 2015 are as
follows:
Susunan Dewan Komisaris dan Direksi
Perusahaan pada tanggal 31 Maret 2015 adalah
sebagai berikut:
Dewan Komisaris
Komisaris Utama
Komisaris
Komisaris
Komisaris
Komisaris Independen
Komisaris Independen
Dewan Direksi
Direktur Utama
Direktur Produksi
Direktur Logistik
Direktur Keuangan tidak terafiliasi
Direktur Sumber Daya Manusia
dan Umum
Direktur Pemasaran
Direktur Teknologi dan
Pengembangan Usaha
Zacky Anwar
Binsar H. Simanjuntak
Tubagus Farich Nahril
Budi Darmadi
Mohammad Imron Zubaidy
Achmad Sofjan Ruky
Irvan Kamal Hakim
Hilman Hasyim
Imam Purwanto
Sukandar
Dadang Danusiri
Yerry
Widodo Setiadharmaji
Dewan Direksi
Direktur Utama
Direktur Produksi
Direktur Logistik
Direktur Keuangan tidak terafiliasi
Direktur Sumber Daya Manusia
dan Umum
Direktur Pemasaran
Direktur Teknologi dan
Pengembangan Usaha
Board of Directors
President Director
Production Director
Logistics Director
Unaffiliated Finance Director
Human Resources and General
Affairs Director
Marketing Director
Technology and Development
Director
The Boards of Commissioners and Directors of
the Company as of December 31, 2014 are as
follows:
Susunan Dewan Komisaris dan Direksi
Perusahaan pada tanggal 31 Desember 2014
adalah sebagai berikut:
Dewan Komisaris
Komisaris Utama
Komisaris
Komisaris
Komisaris
Komisaris Independen
Komisaris Independen
Board of Commissioners
President Commissioner
Commissioner
Commissioner
Commissioner
Independent Commissioner
Independent Commissioner
Zacky Anwar
Binsar H. Simanjuntak
Tubagus Farich Nahril
Budi Darmadi
Mohammad Imron Zubaidy
Achmad Sofjan Ruky
Irvan Kamal Hakim
Hilman Hasyim
Imam Purwanto
Sukandar
Dadang Danusiri
Yerry
Widodo Setiadharmaji
11
Board of Commissioners
President Commissioner
Commissioner
Commissioner
Commissioner
Independent Commissioner
Independent Commissioner
Board of Directors
President Director
Production Director
Logistics Director
Unaffiliated Finance Director
Human Resources and General
Affairs Director
Marketing Director
Technology and Development
Director
The original separate financial statements as supplementary
information included herein is in the Indonesian language.
PT KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN INTERIM
31 Maret 2015
(Disajikan dalam ribuan Dolar AS dan dalam jutaan
Rupiah, Kecuali Dinyatakan Lain)
1.
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
NOTES TO THE INTERIM CONSOLIDATED
FINANCIAL STATEMENTS
March 31, 2015
(Expressed in thousands of US Dollar and in
millionsof Rupiah, Unless Otherwise Stated)
UMUM (lanjutan)
1.
d. Dewan Komisaris, Direksi dan Karyawan
GENERAL (continued)
d. Boards of Commissioners, Directors and
Employees
The Boards of Commissioners and Directors of
the Company as of December 31, 2013 are as
follows:
Susunan Dewan Komisaris dan Direksi
Perusahaan pada tanggal 31 Desember 2013
adalah sebagai berikut:
Dewan Komisaris
Komisaris Utama
Komisaris
Komisaris
Komisaris Independen
Komisaris Independen
Zacky Anwar
Binsar H. Simanjuntak
Tubagus Farich Nahril
Mohammad Imron Zubaidy
Achmad Sofjan Ruky
Dewan Direksi
Direktur Utama
Direktur Produksi
Direktur Logistik
Direktur Keuangan tidak terafiliasi
Direktur Sumber Daya Manusia
dan Umum
Direktur Pemasaran
Direktur Teknologi dan
Pengembangan Usaha
Board of Directors
President Director
Production Director
Logistics Director
Unaffiliated Finance Director
Human Resources and General
Affairs Director
Marketing Director
Technology and Development
Director
Irvan Kamal Hakim
Hilman Hasyim
Imam Purwanto
Sukandar
Dadang Danusiri
Yerry
Widodo Setiadharmaji
The members of the
Committee are as follows:
Susunan Komite Audit Perusahaan adalah
sebagai berikut:
Ketua
Wakil Ketua
Anggota
Anggota
2015
Achmad Sofyan Ruky
Binsar H. Simanjuntak
Iskariman Supardjo
Welly Mohammad Saleh
Board of Commissioners
President Commissioner
Commissioner
Commissioner
Independent Commissioner
Independent Commissioner
2014
Achmad Sofyan Ruky
Binsar H. Simanjuntak
Iskariman Supardjo
Welly Mohammad Saleh
2013
Achmad Sofyan Ruky
Binsar H. Simanjuntak
Iskariman Supardjo
Mohamad Hassan
Company‟s
Audit
Chairman
Vice Chairman
Member
Member
Personil manajemen kunci Perusahaan dan
Entitas Anaknya meliputi anggota komisarisdan
direksi Perusahaan dan Entitas Anak.
The key management personnel of the
Company and its Subsidiaries comprises of the
members of directors and commissioners of the
Company and Subsidiaries.
Pada tanggal 31 Maret 2015, 31 Desember
2014 dan 2013, Kelompok Usaha memiliki
karyawan tetap masing-masing sebanyak 6.551
orang, 6.739 orang (tidak diaudit) dan 7.490
orang (tidak diaudit).
As of March 31, 2015, December 31, 2014 and
2013. the Group has 6,551, 6,739 and 7,490
permanent
employees
(unaudited),
respectively.
e. Penyelesaian
Konsolidasian
Laporan
Keuangan
e. Completion of the Consolidated Financial
Statements
Laporan keuangan konsolidasian ini telah
diselesaikan dan disetujui untuk diterbitkan oleh
Direksi Perusahaan pada tanggal 20 April 2015.
The accompanying consolidated financial
statements were completed and authorized for
issue by the Company‟s Directors on April 20,
2015.
12
The original separate financial statements as supplementary
information included herein is in the Indonesian language.
PT KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN INTERIM
31 Maret 2015
(Disajikan dalam ribuan Dolar AS dan dalam jutaan
Rupiah, Kecuali Dinyatakan Lain)
2.
IKHTISAR
PENTING
KEBIJAKAN
a. Dasar
Penyajian
Konsolidasian
AKUNTANSI
Laporan
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
NOTES TO THE INTERIM CONSOLIDATED
FINANCIAL STATEMENTS
March 31, 2015
(Expressed in thousands of US Dollar and in
millionsof Rupiah, Unless Otherwise Stated)
YANG
2.
SUMMARY
POLICIES
OF
SIGNIFICANT
ACCOUNTING
Keuangan
a. 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 (“DSAK”) dan Peraturan-peraturan
serta Pedoman Penyajian dan Pengungkapan
Laporan Keuangan yang diterbitkan oleh
Otoritas Jasa Keuangan (“OJK”).
The consolidated financial statements have
been prepared in accordance with Indonesian
Financial Accounting Standards (“SAK”), which
comprise the Statements and Interpretations
issued by the Financial Accounting Standards
Board of the Indonesian Institute of Accountants
(“DSAK”) and the Regulations and the
Guidelines on Financial Statement Presentation
and Disclosures issued by Financial Services
Authority (“OJK”).
Laporan keuangan konsolidasian interim
disusun berdasarkan konsep akrual, kecuali
untuk laporan arus kas dan dengan
menggunakan konsep biaya historis, kecuali
untuk beberapa akun tertentu yang diukur
berdasarkan
pengukuran
sebagaimana
diuraikan dalam kebijakan akuntansi masingmasing akun tersebut.
The interim consolidated financial statements
have been prepared on the accrual basis,
except for statement of cash flows and using the
historical cost concept of accounting, except for
certain accounts which are measured on the
bases described in the related accounting
policies of each account.
Laporan arus kas konsolidasian interim yang
disusun
dengan
menggunakan
metode
langsung,
menyajikan
penerimaan
dan
pengeluaran kas yang diklasifikasikan dalam
aktivitas operasi, investasi dan pendanaan.
The interim consolidated
flows, which have been
direct method, present
payments classified into
and financing activities.
statements of cash
prepared using the
cash receipts and
operating, investing
The presentation currency used in the
preparation of the interim consolidated financial
statements is the United Stated Dollar (“US
Dollar”) which is the functional currency of the
Company and certain Subsidiaries (Note 2.d.).
Each entity in the Group determines its own
functional currency and items included in the
financial statements of each entity are measured
using that functional currency.
Mata uang penyajian yang digunakan dalam
laporan keuangan konsolidasian adalah Dolar
Amerika Serikat (“Dolar AS”) yang merupakan
mata uang fungsional Perusahaan (Catatan
2.d). Setiap entitas di dalam Kelompok Usaha
menetapkan mata uang fungsional sendiri dan
transaksi-transaksi di dalam laporan keuangan
dari setiap entitas diukur berdasarkan mata
uang fungsional tersebut.
13
The original separate financial statements as supplementary
information included herein is in the Indonesian language.
PT KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN INTERIM
31 Maret 2015
(Disajikan dalam ribuan Dolar AS dan dalam jutaan
Rupiah, Kecuali Dinyatakan Lain)
2.
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
NOTES TO THE INTERIM CONSOLIDATED
FINANCIAL STATEMENTS
March 31, 2015
(Expressed in thousands of US Dollar and in
millionsof Rupiah, Unless Otherwise Stated)
IKHTISAR KEBIJAKAN AKUNTANSI PENTING
(lanjutan)
2.
b. Prinsip-prinsip konsolidasi
SUMMARY OF SIGNIFICANT
POLICIES (continued)
ACCOUNTI
dan entitas anak/and subsidiaries
Laporan Keuangan Konsolidasian
31 Maret 2015, 31 Desember 2014 (disajikan kembali)
dan 31 Desember 2013 (disajikan kembali) /
Consolidated Financial Statements
March 31, 2015, December 31, 2014 (As Restated)
And December 31, 2013 (As Restated)
The original consolidated financial statements included herein are in
the Indonesian language.
PT KRAKATAU STEEL (PERSERO) Tbk
DAN ENTITAS ANAK
LAPORAN KEUANGAN KONSOLIDASIAN
PERIODE YANG BERAKHIR PADA TANGGALTANGGAL 31 MARET 2015,
31 DESEMBER 2014 (DISAJIKAN KEMBALI)
DAN 31 DESEMBER 2013 (DISAJIKAN KEMBALI)
PT KRAKATAU STEEL (PERSERO) Tbk
AND SUBSIDIARIES
CONSOLIDATED FINANCIAL STATEMENTS
PERIODS ENDED MARCH 31, 2015,
DECEMBER 31, 2014 (AS RESTATED) AND
DECEMBER 31, 2013 (AS RESTATED)
Halaman/
Page
Daftar Isi
Laporan Posisi Keuangan
Konsolidasian………...………………………...
1 –2
Table of Contents
Consolidated Statements of Financial
....………………………………………… Position
Laporan Laba Rugi dan Penghasilan Komprehensif
Lain Konsolidasian …………………………………..
3
Consolidated Statements of Profit or Loss and Other
……………………...……….Comprehensive Income
Laporan Perubahan Ekuitas
Konsolidasian ……………………………………..
4
Consolidated Statements of Changes
……………………..…………………… in quity
Laporan Arus KasKonsolidasian ……………………
5
Catatan atas Laporan Keuangan
Konsolidasian …………………….……………….
6-191
…….…… Consolidated Statements of Cash lows
*********************
Notes to the Consolidated Financial
……..…………..…………………….. tatements
The original consolidated financial statements included herein are in
the Indonesian language.
PT KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
LAPORAN POSISI KEUANGAN KONSOLIDASIAN
INTERIM
Tanggal 31 Maret 2015, 31 Desember 2014 (Disajikan
Kembali dan 31 Desember 2013 (Disajikan Kembali)
(Disajikan dalam ribuan Dolar AS,
kecuali dinyatakan lain)
Catatan/
Notes
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
INTERIM CONSOLIDATED STATEMENT OF
FINANCIAL POSITION
As of March 31, 2015, December 31, 2014 (As Restated)
and December 31, 2013 (As Restated)
(Expressed in thousands of US Dollar,
unless otherwise stated)
31/03/2015
Unaudited
31/12/2014
As Restated
31/12/2013
As Restated
ASET
ASET LANCAR
Kas dan setara kas
ASSETS
192.701
236.689
190.232
CURRENT ASSETS
Cash and cash equivalents
-
-
7.810
Short-term investments
40.020
20.172
26
117.487
92.533
140.303
108.523
159.101
117.068
18.124
23.825
541.267
52.986
28.643
2.789
28.375
480.871
33.529
7.372
18.158
38.832
519.086
35.515
9.391
Restricted time deposits
Trade receivables, net of
allowance for impairment
losses of US$3,968 as of
March 31, 2015, US$5,094
as of December 31, 2014
and US$3,434 as of
December 31, 2013
Third parties
Related parties
Other receivables, net of
allowance for impairment
losses of US$241 as of
March 31, 2015, US$551
as of December 31, 2014 and
US$558 as of December 31, 2013
Third parties
Related parties
Inventories, net
Advances and prepaid expenses
Prepaid taxes
1.107.587
1.058.623
1.095.219
Total Current Assets
52.568
58.423
54.448
NON-CURRENT ASSETS
Estimated claims for tax refund
194.463
85.874
213.095
80.446
255.417
39.887
1.166.163
1.097.410
857.738
2k
13.302
14.446
13.987
Investments in shares of stock, net
Deferred tax assets, net
Fixed assets, net of accumulated
depreciation of US$705,124
as of March 31, 2015,
US$690,710 as of December 31,
2014 and US$622,596 as of
December 31, 2013
Other assets
Real estate assets
2j,13
2c,2d,2e,2f
21,32,36
2d,2f,2j
32,34,36
1.522
1.995
3.659
Assets not used in operations
32.092
28.177
19.798
Restricted cash and time deposits
17.631
47.454
41.226
Others
Total Aset Tidak Lancar
1.563.615
1.541.446
1.286.160
Total Non-Current Assets
TOTAL ASET
2.671.202
2.600.070
2.381.379
TOTAL ASSETS
Investasi jangka pendek
Deposito berjangka yang dibatasi
penggunaannya
Piutang usaha, setelah dikurangi
cadangan kerugian penurunan nilai
sebesar US$3.968 pada tanggal
31 Maret 2015, US$5.094
pada tanggal 31 Desember 2014
dan US$3,434 pada tanggal
31 Desember 2013
Pihak ketiga
Pihak berelasi
Piutang lain-lain, setelah dikurangi
cadangan kerugian penurunan nilai
sebesar US$241 pada tanggal
31 Maret 2015, US$551
pada tanggal 31 Desember 2014 dan
US$558 pada tanggal 31 Desember 2013
Pihak ketiga
Pihak berelasi
Persediaan, neto
Uang muka dan biaya dibayar di muka
Pajak dibayar di muka
2c,2d,2e,2f
4,9,32,36
2d,2f,5,32,36
2c,2e,2f
6,9,15,32
2d,2f,3
7,15,21,31
32,36
2c,9
2d,2f,8
17,32,36
2c,9,12
2g,3,10,15,21
2d,2h,11,35,36
2r,18
Total Aset Lancar
ASET TIDAK LANCAR
Estimasi tagihan pajak
Penyertaan saham, neto
Aset pajak tangguhan, neto
Aset tetap, setelah dikurangi akumulasi
penyusutan sebesar US$705.124
pada tanggal 31 Maret 2015,
US$690.710 pada tanggal
31 Desember 2014 dan US$622.596
pada tanggal 31 Desember 2013
Aset lain-lain
Aset real estat
Aset yang tidak digunakan
dalam operasi
Kas dan Deposito berjangka yang
dibatasi penggunaannya
Lain-lain
2r,18
2d,2f,2i
12,32,36
2r,3,18
2j,3,
13,15,21
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 KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
LAPORAN POSISI KEUANGAN KONSOLIDASIAN
INTERIM
Tanggal 31 Maret 2015, 31 Desember 2014 (Disajikan
Kembali dan 31 Desember 2013 (Disajikan Kembali)
(Disajikan dalam ribuan Dolar AS,
kecuali dinyatakan lain)
Catatan/
Notes
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
INTERIM CONSOLIDATED STATEMENT OF
FINANCIAL POSITION
As of March 31, 2015, December 31, 2014 (As Restated)
and December 31, 2013 (As Restated)
(Expressed in thousands of US Dollar,
unless otherwise stated)
31/03/2015
Unaudited
31/12/2014
As Restated
31/12/2013
As Restated
LIABILITAS DAN EKUITAS
LIABILITIES AND
SHAREHOLDER’S EQUITY
CURRENT LIABILITIES
LIABILITAS JANGKA PENDEK
Pinjaman bank jangka pendek
Utang usaha
Pihak ketiga
Pihak berelasi
Utang lain-lain
Pihak ketiga
Pihak berelasi
Utang pajak
Beban akrual
Liabilitas imbalan kerja jangka pendek
Uang muka penjualan dan lainnya
Bagian pinjaman jangka panjang yang
jatuh tempo dalam waktu satu tahun
Bagian liabilitas keuangan jangka panjang
yang jatuh tempo dalam
waktu satu tahun
Total Liabilitas Jangka Pendek
LIABILITAS JANGKA PANJANG
Liabilitas pajak tangguhan, neto
Uang muka konstruksi, bagian jangka
panjang
Pinjaman jangka panjang, setelah
dikurangi bagian yang jatuh tempo
dalam waktu satu tahun
Liabilitas keuangan jangka panjang, setelah
dikurangi bagian yang jatuh
tempo dalam waktu satu tahun
Liabilitas Imbalan kerja jangka
panjang
2c,2d,2f,6,7,9
10,13,15,32,36
2d, 2f
16,32,36
2c,9
2d,2f
17,32,36
2c,9
2r,3,18
2d,2f,19,32,36
2f,2q,3,23
2c,2d,9,20,36
2c,2d,2f,7,9
10,13,21,32,36
1.198.636
1.037.148
800.476
117.980
22.797
164.370
38.513
152.220
27.679
10.011
5.308
17.212
54.026
8.436
22.054
34.358
3.157
14.675
33.809
8.542
23.306
17.060
2.721
12.886
24.200
9.157
31.175
55.749
55.400
59.826
Short-term bank loans
Trade payables
Third parties
Related parties
Other payables
Third parties
Related parties
Taxes payables
Accrued expenses
Short-term employee benefits liabilities
Sales and other advances
Current maturities of long-term
loans
92
1.512.301
17
1.413.295
747
1.138.147
Current maturities of long-term
financial liabilities
Total Current Liabilities
2r,3,18
1.825
354
4.359
2d,20,36
2c,2d,2f
7,9,10,13
21,32,36
8.745
8.314
-
NON-CURRENT LIABILITIES
Deferred tax liabilities, net
Advances for construction,
long-term porttion
265.403
247.829
146.026
Long-term Loans, net of current
maturities
2d,2f,22,
32,36
5.653
6.366
7.692
2q,3,23
42.423
42.492
40.634
Long-term financial liabilities,
net of current maturities
Long-term employee benefits
liabilities
324.049
305.356
198.711
Total Non-Current Liabilities
1.836.350
1.718.651
1.336.858
TOTAL LIABILITIES
2d,2f,22,
32,36
Total Liabilitas Jangka Panjang
TOTAL LIABILITAS
EKUITAS
EKUITAS YANG DAPAT
DIATRIBUSIKAN KEPADA PEMILIK
ENTITAS INDUK
Modal saham
Nilai nominal Rp500 (angka penuh) per
saham
Modal Dasar - 40.000.000.000 saham
yang terdiri dari 1 saham Seri A
Dwiwarna dan 39.999.999.999
saham Seri B
Modal ditempatkan dan disetor penuh 15.775.000.000 saham yang terdiri dari
1 Seri A Dwiwarna dan 15.774.999.999
saham Seri B
Tambahan modal disetor, neto
Pendapatan komprehensif lainnya
Saldo laba (akumulasi kerugian)
Dicadangkan
Tidak dicadangkan
Total Ekuitas Yang Dapat Diatribusikan
Kepada Pemilik Entitas Induk
Kepentingan Nonpengendali
EKUITAS, NETO
TOTAL LIABILITAS DAN EKUITAS
25
1b,2n,26
2b,24
855.968
116.263
(69.086)
855.968
116.263
(65.406)
855.968
117.217
(59.159)
146.834
(227.476)
146.834
(185.197)
146.834
(36.184)
822.504
868.463
1.024.677
EQUITY
EQUITY ATTRIBUTABLE TO
OWNERS OF THE PARENT
ENTITY
Share capital
par value Rp500 (full amount) per
share
Authorized capital - 40.000.000.000
shares which consist of 1 Series A
Dwiwarna and 39.999.999.999
Series B
Issued and fully paid - 15,775,000,000
shares which consist of 1 Series A
Dwiwarna share and 15.774.999.999
Series B
Additional paid-in capital, net
Other comprehensive income
Retained earnings (accumulated losses)
Appropriated
Unappropriated
Total Equity Attributable to
Owners of the Parent Entity
12.349
834.853
12.955
881.419
19.843
1.044.521
Non-controlling Interests
EQUITY, NET
2.671.202
2.600.069
2.381.379
TOTAL LIABILITIES AND EQUITY
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 KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
LAPORAN LABA RUGI DAN PENGHASILAN
KOMPREHENSIF LAIN KONSOLIDASIAN INTERIM
PeriodeYang Berakhir pada Tanggal
31 Maret 2015 dan 2014 (Disajikan Kembali)
(Disajikan dalam ribuan Dolar AS,
kecuali dinyatakan lain)
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
INTERIM CONSOLIDATED STATEMENT OF PROFIT OR LOSS
AND OTHER COMPREHENSIVE INCOME
Period Ended March 31, 2015
and 2014 (As Restated)
(Expressed in thousands of US Dollar,
unless otherwise stated)
31/03/2015
Unaudited
PENDAPATAN NETO
BEBAN POKOK PENDAPATAN
LABA BRUTO
Beban Penjualan
352.029
(349.351)
(7.495)
(9.190)
OPERATING PROFIT
(20.961)
1.598
(14.355)
(11.201)
Share in loss of associates
Finance income
Gain (Loss) on foreign exchange, net
Finance expense
(54.110)
PROFIT (LOSS) BEFORE TAX
EXPENSE (BENEFIT)
5.377
(6.181)
(804)
4.033
(8.775)
(4.742)
TAX EXPENSE (BENEFIT)
Current tax
Deferred tax, net
Tax Benefit, net
(42.920)
(49.368)
PROFIT (LOSS) FOR THE PERIOD
(23.122)
Other comprehensive income
Difference in foreign currency
translation of the financial statements
of Subsidiaries
(1.031)
Measurement of Employee benefits
(73.521)
TOTAL COMPREHENSIVE
INCOME (LOSS) FOR THE PERIOD
(46.276)
(3.092)
(49.368)
TOTAL PROFIT (LOSS)
ATTRIBUTABLE TO:
Owners of the parent entity
Non-controlling interest
TOTAL
(66.448)
(7.072)
(73.521)
TOTAL COMPREHENSIVE INCOME
(LOSS) FOR THE PERIOD
ATTRIBUTABLE TO:
Owners of the parent entity
Non-controlling interest
TOTAL
(0,0029)
BASIC EARNINGS (LOSS) PER SHARE AND DILUTED
ATTRIBUTABLE TO OWNERS
OF THE PARENT ENTITY
(in full Dollar US amount)
(21.606)
1.539
26.276
(20.006)
LABA SEBELUM BEBAN
(MANFAAT) PAJAK
(43.724)
TOTAL PENDAPATAN (RUGI)
KOMPREHENSIF PERIODE BERJALAN
YANG DAPAT DIATRIBUSIKAN KEPADA:
Pemilik entitas induk
Kepentingan nonpengendali
TOTAL
LABA (RUGI) SAHAM DASAR DAN DILUSIAN
YANG DAPAT DIATRIBUSIKAN
KEPADA PEMILIK ENTITAS INDUK
(dalam Dolar AS penuh)
2c,2h,2j,
2o,2q,9,30
2c,2h,2j,
2o,2q,9,30
GROSS PROFIT
General and Administrative expenses
Sales of waste products
Other income
Other expenses
Bagian Laba (Rugi) dari entitas asosiasi
Pendapatan keuangan
Laba (Rugi) selisih kurs, bersih
Beban keuangan
TOTAL LABA (RUGI) YANG DAPAT
DIATRIBUSIKAN KEPADA:
Pemilik entitas induk
Kepentingan nonpengendali
TOTAL
10.553
COST OF REVENUES
(20.467)
4.913
5.135
(217)
(29.928)
TOTAL PENDAPATAN (RUGI)
KOMPREHENSIF PERIODE BERJALAN
(448.938)
NET REVENUES
Selling expense
LABA OPERASI
PENDAPATAN KOMPREHENSIF LAIN
Selisih kurs karena penjabaran
laporan keuangan
Entitas Anak - Neto
Pengukuran kembali
Imbalan kerja
459.491
(9.106)
(27.925)
878
2.505
(569)
LABA (RUGI) PERIODE BERJALAN
2c,2o,9,
28,37
2c,2j,2o,9,
29,37
2.678
Beban umum dan administrasi
Penjualan limbah produksi
Pendapatan lain-lain
Beban lain-lain
BEBAN (MANFAAT) PAJAK
Pajak kini
Pajak tangguhan, neto
Manfaat Pajak, Neto
31/03/2014
As Restated
Catatan/
Notes
2f,2n,12
13,18
12
4,5
2d,2f,17
15,21
2r,18
(3.965)
2b
319
(46.566)
(42.280)
(640)
(42.920)
2b,24
(45.959)
(607)
(46.566)
(0,0027)
2s,30
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.
3
The original consolidated financial statements included herein are in the Indonesian language.
PT KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN INTERIM
Periode Yang Berakhir Pada 31 Maret 2015 dan 31 Maret 2014 (disajikan kembali)
(Disajikan dalam ribuan Dolar AS, kecuali dinyatakan lain)
Catatan /
Notes
Saldo pada tanggal 31 Desember 2013
Modal Saham
Ditempatkan dan
Disetor Penuh/
Issued and Fully
Paid Share Capital
Tambahan
Modal Disetor,
neto /
Additional Paidin Capital, net
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Sudsidiaries
INTERIM CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Period Ended March 31, 2015 and March 31, 2014 (As Restated)
(Expressed in thousands of US Dollar, unless otherwise stated)
Saldo Laba (Akumulasi Kerugian)/
Retained Earnings (Accumulated
Losses)
Dicadangkan/
Appropriated
Tidak
dicadangkan/
Unappropriated
855.968
117.217
146.834
(36.184)
Rugi tahun berjalan
-
-
-
(46.276)
Pendapatan komprehensif lain
Adopsi PSAK 24 (R2013)
-
-
-
-
-
-
-
-
Selisih Kurs karena
penjabaran Laporan
Keuangan Entitas Anak/
Difference in Foreign
Currency Translation of the
Financial Statement of
Subsidairies
Pengukuran
kembali
imbalan
kerja/
Measurement
of Employee
Benefits
(55.595)
(3.564)
(23.118)
-
Total/
Total
1.024.677
-
(46.276)
-
(23.118)
(1.035)
(1.035)
Kepentingan
non pengendali/
Non-controlling
interest
Ekuitas, Neto/
Equity, Net
19.843
1.044.521
(7.077)
Loss for the year
0
(23.117)
Other comprehensive income
5
(1.030)
Total laba komprehensif - rugi
tahun berjalan
-
-
-
(46.276)
(23.118)
(1.035)
(70.429)
(7.072)
(77.501)
for the year
Cash dividends to non-controlling
23
-
-
-
-
-
-
-
-
-
Setoran modal dari kepentingan
nonpengendali
Adopsi PSAK 24 (R2013)
Total comprehensive income - Loss
Dividen tunai kepada kepentingan
nonpengendali
Balance as of December 31, 2013
(53.354)
interests
Capital Contribution from
1c,23
-
-
-
-
-
-
-
-
-
non-controlling interest
2v,25,38
-
-
-
-
-
-
-
-
-
Vesting of management stock option
Saldo pada tanggal 31 Maret 2014
855.968
117.217
146.834
(82.460)
(78.712)
(4.600)
954.248
12.771
967.019
Balance as of March 31, 2014
Saldo pada tanggal 31 Desember 2014
855.968
116.263
146.834
(185.197)
(58.141)
(7.264)
868.463
12.955
881.419
Balance as of December 31, 2014
(42.280)
Opsi kepemilikan saham oleh manajemen
Yang telah Vested
Laba tahun berjalan
2c
-
-
-
Pendapatan komprehensif lain
2c
-
-
-
Pengukuran kembali imbalan kerja
-
-
(42.280)
(640)
(42.920)
Profit for the year
-
(3.998)
-
(3.998)
34
(3.965)
Other comprehensive income
-
-
319
319
-
319
Total laba komprehensif - rugi
tahun berjalan
Dividen tunai kepada kepentingan
-
-
-
(42.280)
(3.998)
319
(45.959)
(607)
(46.566)
27
nonpengendali
for the year
Cash dividends to non-controlling
-
-
-
-
-
-
-
-
-
Setoran modal dari kepentingan
Nonpengendali
Measurement of Employee benefits
Total comprehensive income - Loss
interests
Capital contribution from non-controlling
1c,23
-
-
-
-
-
-
-
-
-
interests
Opsi kepemilikan saham oleh manajemen
Yang telah Vested
Saldo pada tanggal 31 Maret 2015
2v,25,38
-
-
-
855.968
116.263
146.834
-
-
(227.476)
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak
terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.
(62.140)
(6.946)
-
-
-
Vesting of management stock option
822.504
12.349
834.853
Balance as of March 31, 2015
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 KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
LAPORAN ARUS KAS KONSOLIDASIAN INTERIM
PeriodeYang Berakhir pada Tanggal
31 Maret 2015 dan 2014 (Disajikan Kembali)
(Disajikan dalam ribuan Dolar AS,
kecuali dinyatakan lain)
31/03/2015
Unaudited
ARUS KAS DARI AKTIVITAS
OPERASI
Penerimaan dari pelanggan
Penerimaan dari tagihan pajak
Penerimaan dari pendapatan bunga
Pembayaran kepada pemasok
Pembayaran beban usaha
dan lainnya
Pembayaran kepada karyawan
Pembayaran untuk pajak
Pembayaran untuk beban bunga
dan beban bank
Kas neto yang (digunakan untuk)
diperoleh dari aktivitas operasi
ARUS KAS DARI AKTIVITAS
INVESTASI
Penarikan kas dan deposito
berjangka yang dibatasi penggunaannya
Penambahan penyertaan pada saham
Penambahan aset tetap
Kas neto yang digunakan untuk
aktivitas investasi
ARUS KAS DARI AKTIVITAS
PENDANAAN
Penerimaan bank Jangka Pendek, neto
Penerimaan Pinjaman Jangka Panjang
Pembayaran Pinjaman Jangka Panjang
Pembayaran untuk beban bunga
Kas neto yang diperoleh dari
aktivitas pendanaan
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
INTERIM CONSOLIDATED STATEMENT OF
CASH FLOWS
Period Ended March 31, 2015
(Expressed in thousands of US Dollar,
unless otherwise stated)
31/03/2014
Unaudited
Catatan/
Notes
419.215
556
1.747
(394.478)
510.118
671
1.218
(367.872)
(11.392)
(20.777)
(53.068)
(26.011)
(22.510)
(46.796)
(3.732)
(2.651)
(61.930)
46.168
(23.825)
(3.600)
(118.931)
23
(24.993)
(35.506)
11
(146.356)
(60.476)
CASH FLOWS FROM OPERATING
ACTIVITIES
Receipts from customers
Receipts from claims for tax refund
Receipts from interest income
Payments to suppliers
Payments for operating expenses
and others
Payments to employees
Payments for taxes
Payments for interest and bank
charges
Net cash (used in) provided by
operating activities
CASH FLOWS FROM INVESTING
ACTIVITIES
Witdrawal of restricted
cash and time deposits
Additional investments in shares of stock
Purchase of fixed assets
Net cash used in investing
activities
CASH FLOWS FROM FINANCING
ACTIVITIES
Proceeds from Short-term
Proceeds from Long-term loans
Repayments of Long-term loans
Payments for interest
Net cash provided by financing
activities
161.980
24.612
(7.038)
(12.848)
(9.393)
42.724
(7.589)
(7.948)
166.705
17.794
KENAIKAN (PENURUNAN) NETO
KAS DAN SETARA KAS
(41.580)
3.486
INCREASE (DECREASE) IN
CASH AND CASH EQUIVALENTS
KAS DAN SETARA KAS AWAL
TAHUN
236.689
190.232
CASH AND CASH EQUIVALENTS
AT BEGINNING OF YEAR
390
Effect on foreign changes rate changes
194.108
CASH AND CASH EQUIVALENTS
AT END OF PERIOD
Dampak perubahan selisih kurs
KAS DAN SETARA KAS AKHIR
PERIODE
(2.407)
192.701
4
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.
5
The original separate financial statements as supplementary
information included herein is in the Indonesian language.
PT KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN INTERIM
31 Maret 2015
(Disajikan dalam ribuan Dolar AS dan dalam jutaan
Rupiah, Kecuali Dinyatakan Lain)
1.
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
NOTES TO THE INTERIM CONSOLIDATED
FINANCIAL STATEMENTS
March 31, 2015
(Expressed in thousands of US Dollar and in
millionsof Rupiah, Unless Otherwise Stated)
UMUM
1.
GENERAL
a. The Company’s Establishment
a. Pendirian Perusahaan
PT Krakatau Steel (Persero) Tbk (“Perusahaan”)
didirikan di Republik Indonesia pada tanggal 27
Oktober 1971 berdasarkan Akta Notaris No. 34
dari Notaris Tan Thong Kie, S.H. Perusahaan
didirikan untuk mengambil alih proyek pabrik
baja Trikora. Akta pendirian tersebut telah
disahkan oleh Menteri Kehakiman Republik
Indonesia dalam Surat Keputusannya No.
J.A.5/224/4 tanggal 31 Desember 1971 dan
diumumkan dalam Lembaran Berita Negara
Republik Indonesia No. 44 tanggal 8 Februari
1972, Tambahan No. 19.
PT Krakatau Steel (Persero) Tbk (the
“Company”) was established in the Republic of
Indonesia based on the Notarial Deed No. 34 of
Tan Thong Kie, S.H., dated October 27, 1971 to
take over the Trikora steel plant project. The
deed of establishment was approved by the
Ministry of Justice of the Republic of Indonesia
in its Decision Letter No. J.A.5/224/4 dated
December 31, 1971 and was published in the
State Gazette of the Republic of Indonesia No.
44 dated February 8, 1972, Supplement No. 19.
Anggaran Dasar Perusahaan telah mengalami
beberapa kali perubahan, yang terakhir dengan
Akta Notaris No. 42 tanggal 25 April 2014 dari
Jose Dima Satria, S.H., M.Kn.,. Pada tanggal 2
April 2015 Perusahaan melaksanakan Rapat
Umum Pemegang Saham Tahunan (RUPST),
dan Akta Notaris perubahan sedang dalam
proses pengurusan atas hasil RUPST tersebut.
The Company‟s Articles of Association have
been amended several times, most recently by
Notarial Deed No. 42 dated April 25, 2014 of
Jose Dima Satria, S.H., M.Kn.,. As of April 2,
2015, the Company held Minutes of the
Extraordinary General Meeting of Shareholder,
and the latest amended Notarial Deed still on
progress.
Tujuan Perusahaan adalah melaksanakan dan
menunjang berbagai kebijakan dan program
pembangunan Pemerintah di bidang ekonomi,
khususnya dalam industri baja.
The Company„s objective is to implement and
support the various policies and programs of the
Government for economic development,
especially with respect to the steel industry.
Sesuai dengan Pasal 3 Anggaran Dasar
Perusahaan,
ruang
lingkup
kegiatan
Perusahaan terutama meliputi bidang produksi,
perdagangan dan pemberian jasa. Ruang
lingkup kegiatan Perusahaan saat ini meliputi,
antara lain:
In accordance with Article 3 of the Company‟s
Articles of Association, the scope of its activities
mainly comprises production, trading and
rendering of services. Currently, the Company is
engaged in, among others:
(i)
(i)
Industri baja terpadu, yang memproduksi
besi spons, slab baja, billet baja, baja
lembaran panas, baja lembaran dingin, dan
batang kawat.
(ii) Perdagangan, yang meliputi kegiatan
pemasaran, distribusi dan keagenan, baik
dalam maupun luar negeri.
(iii) Pemberian jasa seperti jasa rekayasa dan
konstruksi, pemeliharaan mesin, konsultasi
teknis maupun penyediaan sarana dan
prasarana yang menunjang kegiatan usaha
Perusahaan.
(ii)
Integrated steel industry, which produces
sponge iron, slabs, billets, hot rolled coils,
cold rolled coils, and wire rods.
Trading activities, comprising marketing,
distribution and agency work, both in the
domestic and international markets.
(iii) Services, such as engineering and
construction,
machine
maintenance,
technical consultancy and provision of
infrastructure to support the activities of the
Company.
6
The original separate financial statements as supplementary
information included herein is in the Indonesian language.
PT KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN INTERIM
31 Maret 2015
(Disajikan dalam ribuan Dolar AS dan dalam jutaan
Rupiah, Kecuali Dinyatakan Lain)
1.
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
NOTES TO THE INTERIM CONSOLIDATED
FINANCIAL STATEMENTS
March 31, 2015
(Expressed in thousands of US Dollar and in
millionsof Rupiah, Unless Otherwise Stated)
UMUM (lanjutan)
1.
GENERAL (continued)
a. The Company’s Establishment (continued)
a. Pendirian Perusahaan (lanjutan)
(iv) Kegiatan
usaha
penunjang
seperti
pergudangan,
perbengkelan,
properti,
pelabuhan, pendidikan dan pelatihan,
limbah produk dan limbah industri
pembangkit listrik, pengelolaan air, dan
jasa teknologi informasi.
(iv) Supporting activites such as warehousing,
workshop,
property,
port
services,
education and training, waste and
industrial product, power plant, water
treatment, and information technology
services.
Perusahaan dan pabriknya berlokasi di Cilegon,
Banten.
Perusahaan
memulai
operasi
komersialnya pada tahun 1971. Perusahaan
memiliki fasilitas produksi dengan kapasitas
produksi baja kasar (crude steel) sebesar 2,45
juta ton (tidak diaudit) per tahun dan kapasitas
produksi baja jadi (finished steel products)
sebesar 2,85 juta ton (tidak diaudit) per tahun.
Perusahaan sedang membangun komplek
pabrik Blast Furnace yang akan memproduksi
1.200.000 metrik ton (tidak diaudit) hot metal
dan pig iron per tahun (Catatan 12).
The Company and its production facilities are
located in Cilegon, Banten. The Company
started its commercial operations in 1971. The
Company‟s production facilities have a
production capacity of 2.45million metric tons
(unaudited) of crude steel per year and 2.85
million metric tons (unaudited) of finished steel
products per year.The Company is constructing
a Blast Furnace complex which will produce
1,200,000 metric tons (unaudited) per year of
hot metal and pig iron (Notes 12).
Kantor pusat Perusahaan berkedudukan di
Jalan lndustri No. 5, Cilegon.
The Company‟s head office is located at Jalan
Industri No. 5, Cilegon.
Perusahaan dimiliki oleh Pemerintah Republik
Indonesia selaku pemegang saham mayoritas.
The Company is majorily owned by the
Government of the Republic of Indonesia.
b. The Company’s Public Offering
b. Penawaran Umum Efek Perusahaan
On October 29, 2010, the Company obtained
the effective statement from the Capital Market
and Financial Institution Supervisory Agency
(“Bapepam-LK”) No. S-9769/BL/2010 to conduct
public offering of its 3,155,000,000 new shares
with nominal value of Rp500 (full amount) per
share at a price of Rp850 (full amount) per
share. The Company‟s shares were listed on
the Indonesia Stock Exchange on November
10, 2010 (Note 24).
Pada tanggal 29 Oktober 2010, Perusahaan
memperoleh pernyataan efektif dari Badan
Pengawas Pasar Modal dan Lembaga
Keuangan (“Bapepam-LK”) No.S-9769/BL/2010
untuk melakukan penawaran umum saham
kepada masyarakat sebanyak 3.155.000.000
saham baru dengan nilai nominal Rp500 (angka
penuh) per saham dengan harga Rp850 (angka
penuh) per saham. Saham Perusahaan telah
dicatatkan di Bursa Efek Indonesia pada tanggal
10 November 2010 (Catatan 24).
c. Struktur Entitas Anak dan Entitas Asosiasi
c. The Subsidiaries and Associates Structure
As of March 31, 2015, December 31, 2014 and
2013, the percentage of ownership of the
Company, either directly or indirectly, and total
assets of the Subsidiaries are as follows:
Pada tanggal 31 Maret 2015, 31 Desember
2014 dan 2013, persentase kepemilikan
Perusahaan, baik secara langsung maupun
tidak langsung, dan total aset Entitas Anak
adalah sebagai berikut:
7
The original separate financial statements as supplementary
information included herein is in the Indonesian language.
PT KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN INTERIM
31 Maret 2015
(Disajikan dalam ribuan Dolar AS dan dalam jutaan
Rupiah, Kecuali Dinyatakan Lain)
1.
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
NOTES TO THE INTERIM CONSOLIDATED
FINANCIAL STATEMENTS
March 31, 2015
(Expressed in thousands of US Dollar and in
millionsof Rupiah, Unless Otherwise Stated)
UMUM (lanjutan)
1.
GENERAL (continued)
c. Struktur Entitas Anakdan Entitas Asosiasi
(lanjutan)
c. The Subsidiariesand Associates Structure
(continued)
Total aset sebelum
eliminasi/
Total assets before
elimination
Entitas Anak dan kegiatan usaha/
Subsidiaries and business activities
Kedudukan dan
tahun usaha
komersial dimulai/
Domicile and year
of commercial
operations started
PT Krakatau Wajatama ("PT KWT")
dan Entitas Anaknya/ and its Subsidiary
(PT Krakatau Wajatama Osaka Steel Marketing)
Cilegon, 1992
100,00
100,00
100,00
129.971
110.239
122.060
PT Krakatau Daya Listrik ("PT KDL")
Distributor dan penghasil listrik/
Generation and distribution of electricity
Cilegon, 1996
100,00
100,00
100,00
182.611
181.325
154.907
PT KHI Pipe Industries ("PT KHIP")
Manufaktur pipa Baja/ Steel pipe production
Cilegon, 1973
100,00
100,00
100,00
167.159
165.141
149.239
Cilegon, 1982
100,00
100,00
100,00
63.537
60.605
98.792
Cilegon, 1988
100,00
100,00
100,00
199.036
213.068
156.590
Cilegon, 1996
100,00
100,00
100,00
118.171
110.710
83.819
Cilegon, 1996
100,00
100,00
100,00
37.175
35.668
33.416
Cilegon, 1996
97,55
97,55
97,55
11.378
11.801
12.508
Cilegon, 1993
100,00
100,00
100,00
4.885
4.954
5.082
Cilegon, 2012
66,00
66,00
66,00
137.497
134.808
142.321
Cilegon, 2013
100,00
100,00
100,00
5.045
4.330
4.190
1.056.464
1.032.648
962.924
Persentase kepemilikan/
Percentage of ownership
2015
2014
2013
2015
2014
2013
Manufaktur baja profil dan tulangan/
Reinforcing bars and steel wires production
PT Krakatau Industrial Estate Cilegon ("PT KIEC")
dan Entitas Anaknya/ and its Subsidiaries
Industri real estat dan perhotelan/
Real estate and hotels industry
PT Krakatau Engineering (“PT KE”)
dan Entitas Anaknya/and Its Subsidiaries
Rekayasa dan konstruksi/
Construction and engineering
PT Krakatau Bandar Samudera (“PT KBS”)
Jasa pengelolaan pelabuhan/Port services provider
PT Krakatau Tirta Industri (“PT KTI”)
dan Entitas Anaknya/and Its Subsidiary
(PT Krakatau Daya Tirta)
Distributor dan pengolahan air/
Water treatment and distribution
PT Krakatau Medika (“PT KM”)1)
Jasa pelayanan kesehatan/
Medical services provider
PT Krakatau Information Technology (“PT KITech”)
Jasa teknologi komputer/Computer
technology provider
PT Meratus Jaya Iron & Steel (“PT MJIS”)
Manufaktur besi dan baja/Iron and steel production
PT Krakatau Nasional Resources (“PT KNR”)
Industri pengolahan hasil tambang/
Coal and mining industry
Total/ Total
1)
3,07% dimiliki oleh PT Pelat Timah Nusantara Tbk (“PT Latinusa”)
dan PT Latinusa dimiliki oleh Perusahaan sebesar 20,10%
1)
8
3.07% is owned by PT Pelat Timah Nusantara Tbk (“PT Latinusa”)
and PT Latinusa is 20.10% owned by the Company
The original separate financial statements as supplementary
information included herein is in the Indonesian language.
PT KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN INTERIM
31 Maret 2015
(Disajikan dalam ribuan Dolar AS dan dalam jutaan
Rupiah, Kecuali Dinyatakan Lain)
1.
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
NOTES TO THE INTERIM CONSOLIDATED
FINANCIAL STATEMENTS
March 31, 2015
(Expressed in thousands of US Dollar and in
millionsof Rupiah, Unless Otherwise Stated)
UMUM (lanjutan)
1.
GENERAL (continued)
c. Struktur Entitas Anak dan Entitas Asosiasi
(lanjutan)
c. The Subsidiaries and Associates Structure
(continued)
PT KIEC memiliki saham pada PT Rakata
Realtindo (“PT RR”), dahulu PT Laksana Maju
Jaya, dengan persentase kepemilikan sebesar
99,99%. PT RR bergerak dalam bidang real
estat dan memulai operasi komersialnya pada
tahun 2001.
PT KIEC owns shares of PT Rakata Realtindo
(“PT RR”), formerly PT Laksana Maju Jaya, with
the percentage of ownership of 99.99%. PT RR
is engaged in the business of real estate and
commenced its commercial operations in 2001.
PT Krakatau Daya Tirta (“PT KDT”) didirikan
dengan tujuan untuk mengambil alih kegiatan
usaha air minum merek Quelle yang
sebelumnya merupakan unit usaha PT KDL
dengan komposisi kepemilikan sebesar 99,98%
oleh PT KTI dan 0,02% oleh PT KDL.
PT Krakatau Daya Tirta (“PT KDT”) was
established with the objective to take over
Quelle mineral water business which was
previously a business unit of PT KDL with share
composition of 99,98% owned by PT KTI and
0,02% owned by PT KDL.
Perusahaan bekerjasama dengan PT Aneka
Tambang (Persero) Tbk (“PT Antam”)
mendirikan PT MJIS pada tanggal 9 Juni 2008
dengan persentase kepemilikan adalah 66%
oleh Perusahaan dan 34% oleh PT Antam. PT
MJIS bergerak dalam bidang produksi besi dan
baja, perdagangan dan jasa yang berkaitan
dengan besi dan baja dan berkedudukan di
Jakarta. PT MJIS memulai operasi komersialnya
pada bulan November 2012.
The Company together with PT Aneka
Tambang (Persero) Tbk (“PT Antam”)
established PT MJIS on June 9, 2008 with the
percentage of ownership of 66% for the
Company and 34% for PT Antam. PT MJIS is
engaged in iron and steel production, trading
and services relating to iron and steel products
and is located in Jakarta. PT MJIS commenced
its commercial operations in November 2012.
Pada tanggal 17 Januari 2013, PT KE
mengakuisisi seluruh saham PT KHIP yang
dimiliki oleh PT Kertas Basuki Rachmat
Indonesia Tbk.
On January 17, 2013, PT KE acquired all
shares of PT KHIP owned by PT Kertas Basuki
Rachmat Indonesia Tbk.
Pada tanggal 22 Februari 2013, PT KE
mendirikan PT Krakatau Konsultan (“PT KK”)
dengan persentase kepemilikan sebesar
99,99%. PT KK bergerak dalam bidang jasa
konsultasi.
On February 22, 2013, PT KE established PT
Krakatau Konsultan (“PT KK”) with the
percentage of ownership of 99.99%. PT KK
engaged in consulting services.
Pada tanggal 17 Juni 2013, PT KE dan PT KK
mendirikan PT Krakatau Perbengkelan dan
Perawatan (“PT KPDP”) dengan persentase
kepemilikan sebesar 99% untuk PT KE dan 1%
untuk PT KK. PT KPDP bergerak dalam bidang
perbengkelan, jasa dan perindustrian.
On June 17, 2013, PT KE and PT KK
established PT Krakatau Perbengkelan dan
Perawatan (“PT KPDP”) with the percentage of
ownership of 99% for PT KE and 1% for PT KK.
PT KPDP engaged in workshop, service and
industry.
Pada tanggal 20 Desember 2013, PT KIEC dan
Golden Lime Public Company Limited (“GLPCL”)
mendirikan PT Krakatau Golden Lime (“PT KGL”)
yang akan mengoperasikan pabrik kapur bakar
dengan kapasitas produksi sebesar 148.500 ton
(tidak diaudit) per tahun. Persentase kepemilikan
PT KIEC adalah 90% dan GLPCL adalah 10%.
Pembangunan pabrik diharapkan akan selesai
pada bulan April 2015.
On December 20, 2013, PT KIEC and Golden
Lime Public Company Limited (“GLPCL”)
established PT Krakatau Golden Lime
(“PT KGL”) which will operate the Burnt Lime
plant
with
a
production
capacity
of
approximately 148,500 tons (unaudited) per
year. The percentage of ownership of PT KIEC
and GLPCL are 90% and 10%, respectively.
The construction of the plant is expected to be
completed in April 2015.
9
The original separate financial statements as supplementary
information included herein is in the Indonesian language.
PT KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN INTERIM
31 Maret 2015
(Disajikan dalam ribuan Dolar AS dan dalam jutaan
Rupiah, Kecuali Dinyatakan Lain)
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
NOTES TO THE INTERIM CONSOLIDATED
FINANCIAL STATEMENTS
March 31, 2015
(Expressed in thousands of US Dollar and in
millionsof Rupiah, Unless Otherwise Stated)
1. UMUM (lanjutan)
1. GENERAL (continued)
c. Struktur Entitas Anak dan Entitas Asosiasi
(lanjutan)
c. The Subsidiaries and Associates Structure
(continued)
Pada tanggal 15 Oktober 2014, PT KWT dan
PT Krakratau Osaka Steel (“PT KOS”)
mendirikan PT Krakatau Wajatama Osaka Steel
Marketing (“PT KWOSM”) dengan persentase
kepemilikan sebesar 67% untuk PT KWT dan
33% untuk PT KOS. PT KWOSM bergerak
dalam bidang pemasaran dan penjualan produk
yang diproduksi oleh PT KWT dan PT KOS.
Sampai dengan tanggal 31 Maret 2015,
PT KWOSM belum beroperasi komersial.
On October 15, 2014, PT KWT and PT
Krakatau Osaka Steel (“PT KOS”) established
PT Krakatau Wajatama Osaka Steel Marketing
(“PT KWOSM”) with percentage of ownership of
67% for PT KWT and 33% for PT KOS.
PT KWOSM is engaged in marketing and sales
of products produced by PT KWT and PT KOS.
Up to March 31, 2015, PT KWOSM has not yet
started its commercial operations.
Informasi mengenai Entitas Asosiasi yang
dimiliki oleh Perusahaan dan Entitas Anaknya
(secara
bersama-sama
disebut
sebagai
“Kelompok Usaha”) pada tanggal-tanggal 31
Maret 2015, 31 Desember 2014 dan 2013
adalah sebagai berikut:
Information about Associates owned by the
Company and its Subsidiaries (collectively
referred to as the “Group”) as of March 31,
2015, December 31, 2014 and 2013 are as
follows:
Entitas Asosiasi/
Associates
PT. Kraktau Posco ("PT KP")
PT. Pelat Timah Nusantara ("PT Latinusa")
PT. Kerismas Witikco Makmur
("PT Kerismas")
PT. Krakatau Prima Dharma Sentana
("PT KPDS")
PT. Krakatau Daedong Machinery
("PT KDM")
PT Krakatau Posco Chemtech
Calcination (“PT KPCC”)
PT Krakatau Pos-ChemDong-suh Chemical
(“PT KPDC”)
PT Krakatau Agro Logistik („PT KAL”)
PT Indo Japan Steel Center(“PT IJSC”)
PT Krakatau Osaka Steel (“PT KOS”)
PT Krakatau Nippon Steel Sumikin
(“PT KNSS”)
PT Krakatau Samator
PT Krakatau Semen Indonesia („PT KSI‟)
PT Krakatau Blue Water (“PT KBW”)
PT Wijaya Karya Krakatau Beton
(“PT WKKB”)
Kedudukan dan
Tahun Usaha
Komersial Dimulai/
Domicile and Year
of Commercial
Operations Started
Persentase Kepemilikan/
Percentage of Ownership
Kegiatan Usaha/
Business Activities
Cilegon, 2014 Manufaktur besi dan baja/
Iron and steel production
Cilegon, 1986 Manufaktur baja berlapis timah/
Tin plate steel production
Jakarta, 1980 Manufaktur seng/
Zinc production
Cilegon, 1987 Manufaktur alumunium/
Aluminium production
Cilegon, 2013 Jasa reparasi mesin/
Mesin repairment
Cilegon, 2014 Manufaktur kapur/
Lime calcining production
Cilegon, 2014 Manufaktur limbah batu bara/
Distilled Coal Tar production
Cilegon, 2014 Jasa transportasi/
Transportation service
Cilegon, 2014 Perdagangan baja plat dan lembaran/
Plate and rolled steel trading
Cilegon, - Manufaktur baja profil dan tulangan/
Section and reinforcing bars production
Cilegon, - Manufaktur baja galvanized dan
annealing/Galvanized and annealed
steel production
Cilegon, - Perdagangan, pembangunan dan jasa/
Trade, development and services
Cilegon, 2014 Manufaktur slag powder/
Slag powder production
Transportation service
Cilegon, 2013 Jasa pengolahan air limbah/
Water treatment service
Cilegon, - Manufaktue beton pracetak/
Precast concrete production
10
2015
2014
2013
30,00
30,00
30,00
20,10
20,10
20,10
29,31
29,31
29,31
25,00
25,00
25,00
30,00
30,00
30,00
20,00
20,00
20,00
30,00
30,00
30,00
48,00
48,00
48,00
20,00
20,00
20,00
20,00
20,00
49,00
20,00
20,00
49,00
24,00
24,00
24,00
50,00
50,00
50,00
33,00
33,00
33,00
30,00
30,00
30,00
The original separate financial statements as supplementary
information included herein is in the Indonesian language.
PT KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN INTERIM
31 Maret 2015
(Disajikan dalam ribuan Dolar AS dan dalam jutaan
Rupiah, Kecuali Dinyatakan Lain)
1.
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
NOTES TO THE INTERIM CONSOLIDATED
FINANCIAL STATEMENTS
March 31, 2015
(Expressed in thousands of US Dollar and in
millionsof Rupiah, Unless Otherwise Stated)
UMUM (lanjutan)
1.
d. Dewan Komisaris, Direksi dan Karyawan
GENERAL (continued)
d. Boards of Commissioners, Directors and
Employees
The Boards of Commissioners and Directors of
the Company as of March 31, 2015 are as
follows:
Susunan Dewan Komisaris dan Direksi
Perusahaan pada tanggal 31 Maret 2015 adalah
sebagai berikut:
Dewan Komisaris
Komisaris Utama
Komisaris
Komisaris
Komisaris
Komisaris Independen
Komisaris Independen
Dewan Direksi
Direktur Utama
Direktur Produksi
Direktur Logistik
Direktur Keuangan tidak terafiliasi
Direktur Sumber Daya Manusia
dan Umum
Direktur Pemasaran
Direktur Teknologi dan
Pengembangan Usaha
Zacky Anwar
Binsar H. Simanjuntak
Tubagus Farich Nahril
Budi Darmadi
Mohammad Imron Zubaidy
Achmad Sofjan Ruky
Irvan Kamal Hakim
Hilman Hasyim
Imam Purwanto
Sukandar
Dadang Danusiri
Yerry
Widodo Setiadharmaji
Dewan Direksi
Direktur Utama
Direktur Produksi
Direktur Logistik
Direktur Keuangan tidak terafiliasi
Direktur Sumber Daya Manusia
dan Umum
Direktur Pemasaran
Direktur Teknologi dan
Pengembangan Usaha
Board of Directors
President Director
Production Director
Logistics Director
Unaffiliated Finance Director
Human Resources and General
Affairs Director
Marketing Director
Technology and Development
Director
The Boards of Commissioners and Directors of
the Company as of December 31, 2014 are as
follows:
Susunan Dewan Komisaris dan Direksi
Perusahaan pada tanggal 31 Desember 2014
adalah sebagai berikut:
Dewan Komisaris
Komisaris Utama
Komisaris
Komisaris
Komisaris
Komisaris Independen
Komisaris Independen
Board of Commissioners
President Commissioner
Commissioner
Commissioner
Commissioner
Independent Commissioner
Independent Commissioner
Zacky Anwar
Binsar H. Simanjuntak
Tubagus Farich Nahril
Budi Darmadi
Mohammad Imron Zubaidy
Achmad Sofjan Ruky
Irvan Kamal Hakim
Hilman Hasyim
Imam Purwanto
Sukandar
Dadang Danusiri
Yerry
Widodo Setiadharmaji
11
Board of Commissioners
President Commissioner
Commissioner
Commissioner
Commissioner
Independent Commissioner
Independent Commissioner
Board of Directors
President Director
Production Director
Logistics Director
Unaffiliated Finance Director
Human Resources and General
Affairs Director
Marketing Director
Technology and Development
Director
The original separate financial statements as supplementary
information included herein is in the Indonesian language.
PT KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN INTERIM
31 Maret 2015
(Disajikan dalam ribuan Dolar AS dan dalam jutaan
Rupiah, Kecuali Dinyatakan Lain)
1.
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
NOTES TO THE INTERIM CONSOLIDATED
FINANCIAL STATEMENTS
March 31, 2015
(Expressed in thousands of US Dollar and in
millionsof Rupiah, Unless Otherwise Stated)
UMUM (lanjutan)
1.
d. Dewan Komisaris, Direksi dan Karyawan
GENERAL (continued)
d. Boards of Commissioners, Directors and
Employees
The Boards of Commissioners and Directors of
the Company as of December 31, 2013 are as
follows:
Susunan Dewan Komisaris dan Direksi
Perusahaan pada tanggal 31 Desember 2013
adalah sebagai berikut:
Dewan Komisaris
Komisaris Utama
Komisaris
Komisaris
Komisaris Independen
Komisaris Independen
Zacky Anwar
Binsar H. Simanjuntak
Tubagus Farich Nahril
Mohammad Imron Zubaidy
Achmad Sofjan Ruky
Dewan Direksi
Direktur Utama
Direktur Produksi
Direktur Logistik
Direktur Keuangan tidak terafiliasi
Direktur Sumber Daya Manusia
dan Umum
Direktur Pemasaran
Direktur Teknologi dan
Pengembangan Usaha
Board of Directors
President Director
Production Director
Logistics Director
Unaffiliated Finance Director
Human Resources and General
Affairs Director
Marketing Director
Technology and Development
Director
Irvan Kamal Hakim
Hilman Hasyim
Imam Purwanto
Sukandar
Dadang Danusiri
Yerry
Widodo Setiadharmaji
The members of the
Committee are as follows:
Susunan Komite Audit Perusahaan adalah
sebagai berikut:
Ketua
Wakil Ketua
Anggota
Anggota
2015
Achmad Sofyan Ruky
Binsar H. Simanjuntak
Iskariman Supardjo
Welly Mohammad Saleh
Board of Commissioners
President Commissioner
Commissioner
Commissioner
Independent Commissioner
Independent Commissioner
2014
Achmad Sofyan Ruky
Binsar H. Simanjuntak
Iskariman Supardjo
Welly Mohammad Saleh
2013
Achmad Sofyan Ruky
Binsar H. Simanjuntak
Iskariman Supardjo
Mohamad Hassan
Company‟s
Audit
Chairman
Vice Chairman
Member
Member
Personil manajemen kunci Perusahaan dan
Entitas Anaknya meliputi anggota komisarisdan
direksi Perusahaan dan Entitas Anak.
The key management personnel of the
Company and its Subsidiaries comprises of the
members of directors and commissioners of the
Company and Subsidiaries.
Pada tanggal 31 Maret 2015, 31 Desember
2014 dan 2013, Kelompok Usaha memiliki
karyawan tetap masing-masing sebanyak 6.551
orang, 6.739 orang (tidak diaudit) dan 7.490
orang (tidak diaudit).
As of March 31, 2015, December 31, 2014 and
2013. the Group has 6,551, 6,739 and 7,490
permanent
employees
(unaudited),
respectively.
e. Penyelesaian
Konsolidasian
Laporan
Keuangan
e. Completion of the Consolidated Financial
Statements
Laporan keuangan konsolidasian ini telah
diselesaikan dan disetujui untuk diterbitkan oleh
Direksi Perusahaan pada tanggal 20 April 2015.
The accompanying consolidated financial
statements were completed and authorized for
issue by the Company‟s Directors on April 20,
2015.
12
The original separate financial statements as supplementary
information included herein is in the Indonesian language.
PT KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN INTERIM
31 Maret 2015
(Disajikan dalam ribuan Dolar AS dan dalam jutaan
Rupiah, Kecuali Dinyatakan Lain)
2.
IKHTISAR
PENTING
KEBIJAKAN
a. Dasar
Penyajian
Konsolidasian
AKUNTANSI
Laporan
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
NOTES TO THE INTERIM CONSOLIDATED
FINANCIAL STATEMENTS
March 31, 2015
(Expressed in thousands of US Dollar and in
millionsof Rupiah, Unless Otherwise Stated)
YANG
2.
SUMMARY
POLICIES
OF
SIGNIFICANT
ACCOUNTING
Keuangan
a. 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 (“DSAK”) dan Peraturan-peraturan
serta Pedoman Penyajian dan Pengungkapan
Laporan Keuangan yang diterbitkan oleh
Otoritas Jasa Keuangan (“OJK”).
The consolidated financial statements have
been prepared in accordance with Indonesian
Financial Accounting Standards (“SAK”), which
comprise the Statements and Interpretations
issued by the Financial Accounting Standards
Board of the Indonesian Institute of Accountants
(“DSAK”) and the Regulations and the
Guidelines on Financial Statement Presentation
and Disclosures issued by Financial Services
Authority (“OJK”).
Laporan keuangan konsolidasian interim
disusun berdasarkan konsep akrual, kecuali
untuk laporan arus kas dan dengan
menggunakan konsep biaya historis, kecuali
untuk beberapa akun tertentu yang diukur
berdasarkan
pengukuran
sebagaimana
diuraikan dalam kebijakan akuntansi masingmasing akun tersebut.
The interim consolidated financial statements
have been prepared on the accrual basis,
except for statement of cash flows and using the
historical cost concept of accounting, except for
certain accounts which are measured on the
bases described in the related accounting
policies of each account.
Laporan arus kas konsolidasian interim yang
disusun
dengan
menggunakan
metode
langsung,
menyajikan
penerimaan
dan
pengeluaran kas yang diklasifikasikan dalam
aktivitas operasi, investasi dan pendanaan.
The interim consolidated
flows, which have been
direct method, present
payments classified into
and financing activities.
statements of cash
prepared using the
cash receipts and
operating, investing
The presentation currency used in the
preparation of the interim consolidated financial
statements is the United Stated Dollar (“US
Dollar”) which is the functional currency of the
Company and certain Subsidiaries (Note 2.d.).
Each entity in the Group determines its own
functional currency and items included in the
financial statements of each entity are measured
using that functional currency.
Mata uang penyajian yang digunakan dalam
laporan keuangan konsolidasian adalah Dolar
Amerika Serikat (“Dolar AS”) yang merupakan
mata uang fungsional Perusahaan (Catatan
2.d). Setiap entitas di dalam Kelompok Usaha
menetapkan mata uang fungsional sendiri dan
transaksi-transaksi di dalam laporan keuangan
dari setiap entitas diukur berdasarkan mata
uang fungsional tersebut.
13
The original separate financial statements as supplementary
information included herein is in the Indonesian language.
PT KRAKATAU STEEL (PERSERO) Tbk
dan Entitas Anaknya
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN INTERIM
31 Maret 2015
(Disajikan dalam ribuan Dolar AS dan dalam jutaan
Rupiah, Kecuali Dinyatakan Lain)
2.
PT KRAKATAU STEEL (PERSERO) Tbk
and Its Subsidiaries
NOTES TO THE INTERIM CONSOLIDATED
FINANCIAL STATEMENTS
March 31, 2015
(Expressed in thousands of US Dollar and in
millionsof Rupiah, Unless Otherwise Stated)
IKHTISAR KEBIJAKAN AKUNTANSI PENTING
(lanjutan)
2.
b. Prinsip-prinsip konsolidasi
SUMMARY OF SIGNIFICANT
POLICIES (continued)
ACCOUNTI