NOA

NFA
CSE

OI
NFI
CI

STOCKS
Balance Sheet
2013
5,380,242.4 +
(722,575.7) +
4,657,666.7 +

1,859,037.7 130,295.8 +
1,728,741.9 -

Income Statement
2014
1,859,037.7
130,295.8
1,728,741.9

2013
NOA
OA
OL
NFA
FA
FO
CSE

Operating assets- Operating Liabilities

10,779,250.9
5,399,008.5
Financial assets-Financial Obligation
2,879,885.9
3,602,461.6
NOA + NFA

2014
NOA
OA
OL
NFA
FA
FO
CSE

Operating assets- Operating Liabilities

13,502,793.2
3,655,615.7
Financial assets-Financial Obligation
1,876,685.7
5,731,226.8
NOA + NFA

FLOWS
(2,607,897.4)
(2,607,897.4) -

STOCKS
Balance Sheet
2014
= NOA
9,847,177.5
654,363.8 = NFA
(3,854,541.1)
654,363.8 = CSE
5,992,636.4
Cash Flow Statement
2014
FCF
(2,607,897.4)
d
654,363.8
F
(3,262,261.2)
(2,607,897.4)

Reformulated Statement of Common Equity

Balance at Desember 31, 2013
Transactions with shareholders
Stock issued for stock options
Stock issued to employees (net)
Stock repurchased
Cash dividends
Comprehensive income
Net income reported
Net translation gain (loss)
Net hedging gains (loss)
Non-controlling interest
Stock-based compensation
Balance at Desember 31, 2014

62,265.5
(331,816.00)
1,387,516.9

217,003.4

on Equity
4,657,666.67

(269,550.53)

1,604,520.30
5,992,636.44

PT SUMMARECON AGUNG TBK

CONSOLIDATED BALANCE SHEET
(in millions of rupiah)
31 Desember
2014
ASSETS
Current assets :
cash and equivalents
Trade receivable
Related parties
Third parties
Other receivable
Inventories
Prepaid taxes
Prepaid expenses
Advance payments
Other current financial assets
Total current assets

classification
1,695,076.6 OA&FA
2,319.8
74,092.4
9,101.6
3,103,251.8
233,387.4
25,558.9
322,543.8
374.9
5,465,707.2

FA
FA
FA
OA
OA
OA
OA
FA

Non-current assets :
Other receivable
Due from related parties
Undeveloped land
Advance payments
Fixed assets
Investment properties
Deferred tax asset
Other non-current financial assets

347.1
177.2
4,322,191.8
927,496.1
366,761.7
4,043,019.0
14,494.7
95,196.1

FA
FA
OA
OA
OA
OA
OA
FA

Other non-current assets

Total non-current assets

144,088.0
9,913,771.7

OA

TOTAL ASSETS

15,379,478.9
LIABLITIES AND EQUITY

Current Liabilities :
Short-term bank loans
Trade payables to third parties
Other payables
Accrued expenses
Taxes payable
Due to related parties
Deposits received

289,307.7

FL

64,655.7
139,740.1
405,627.0
32,832.7
573,767.6

FL
FL
FL
OL
FL

Related parties
Third parties
Unearned revenues
Related parties
Third parties
Current maturities of long-term debts:
Loans from banks and financing institutions
Obligations under capital lease
Liability for short-term employee benefits
Total current Liabilities
Non-current liabilities
Long-term debts- net of current maturities :
Loans from banks and financing institutions
Obligations under finance lease
Bonds payable and sukuk ijarah
Other payables
Relates parties
Third parties
Due to related parties
Liability for long-term employee benefits
Deposits received
Related parties
Third parties
Unearned revenues
Deferred tax liablities
Other non-current financial liabilities
Total non-current liabilities
TOTAL LIABILITIES

41,363.9
1,934,616.9
2.1
290,529.3

OL
OL

216,712.0
23.8
3,418.8
3,992,597.6

FL
FL
FL

2,192,683.8
2.6
1,683,751.0

FL
FL
FL

30,939.5

FL
FL

104,446.5
8,125.7
1,316,437.2
40,048.6
1,067.6
16,742.4
5,394,244.9
9,386,842.5

EQUITY
Equity Attributable to Owner of the Parent
Entity
Capital stock
Authorized - 25.000.000.000 shares at par value of
RP 100 (full amount) per share
Issued and fully paid-14.426.781.680 shares
Additional paid-in capital

1,442,678.2
22,996.3

Differences from transactions with non-controlling

interests
Retained earnings
Appripriated-general reserve Unappropriated

1,511.3
68,658.9
3,961,022.4

Total Equity Attributable to Owners of the Parent

Entity
Non-controlling Interests

5,496,867.1
495,769.3

OL
OL
FL

TOTAL EQUITY
TOTAL LIABILITIES AND EQUITY

5,992,636.4
15,379,478.9

Reformulated Balance Sheets (in millions of rupiah)

Net operating assets
Operating assets
Working cash
Inventories
Prepaid taxes
Prepaid expenses
Advance payments
Undeveloped land
Fixed Assets
Invesment properties
Other non-current assets
Defferes tax asset
Total operating assets
Operating liabilities
Taxes payable
Unearned revenues
Deposito received
Liability for long-term employee benefits
Deferred tax liablities
Total operating liabilities
Net operating assets
Net financial assets
Financial assets
Cash and equivalents
Trade receivable
Other receivable
Other current financial assets
Due from related parties
Other non-current financial assets
Total financial assets
Financial liabilities
Short-term bank loans
Trade payables to third parties
Other payables
Accrued expenses
Due to related parties
Deposits received - customer deposit

32,832.7
330,580.0
3,147,707.9
104,446.5
40,048.6

1,695,076.6
76,412.2
9,448.7
374.9
177.2
95,196.1

289,307.7
64,655.7
170,679.6
405,627.0
573,767.6
113,854.7

Long-term debts
Liability for short-term employee benefits
Bonds payable and sukuk ijarah
Other non-current financial liabilities
Total financial liabilities
Net financial assets
Common shareholders' equity

2,409,422.2
3,418.8
1,683,751.0
16,742.4

ah)
2014

3,103,251.8
233,387.4
25,558.9
1,250,039.9
4,322,191.8
366,761.7
4,043,019.0
144,088.0
14,494.7
13,502,793.2

3,655,615.7
9,847,177.5

1,876,686

5,731,226.7
-3,854,541
5,992,636.5

PT SUMMARECON AGUNG TBK

INCOME STATEMENTS
(in millions of rupiah)
Year Ended Desember 31
2014
NET REVENUES
5,333,593.1
COST OF SALES AND DIRECT COSTS
(2,545,542.2)
GROSS PROFIT
2,788,050.9
Selling expenses
(241,988.0)
General and administrative expenses
(705,950.2)
Other operating income
26,551.7
Other operating expenses
(7,626.6)
INCOME FROM OPERATIONS
1,859,037.8
Finance income
130,295.8
Finance costs
(304,347.2)
Equity in net losses of associates
(887.2)
PROFIT BEFORE INCOME TAX
1,684,099.2
INCOME TAX EXPENSE - Net
(296,582.2)
PROFIT FOR THE YEAR
1,387,517.0
OTHER COMPREHENSIVE INCOME
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

1,387,517.0

PROFIT (LOSS) FOR THE YEAR

ATTRIBUTABLE TO :
Owner of the Parent Entity
Non-controlling Interests
NET

1,398,294.4
(10,777.4)
1,387,517.0

TOTAL COMPREHENSIVE INCOME (LOSS)

FOR THE YEAR ATTRIBUTALE TO :
Owner of the Parent Entity
Non-controlling Interests
NET

1,398,294.4
(10,777.4)
1,387,517.0

EARNINGS PER SHARE ATTRIBUTABLE TO

OWNERS OF THE PARENT ENTITY (full
amount)

96.92

Reformulated Income Statements

(in millions of rupiah)
Operating revenues
Cost of sales
Other operating income
Gross margin
Operating expenses
Selling expense
Advertising
Total Selling expense
Salaries and employee benefits
Depreciation
Entertainment, representatin and donations
Electricity,water and telephone
Security
Corporate events

2014
5,333,593.1
(2,545,542.2)
26,551.7
2,814,602.6
(80,275.8)
(161,712.2)
(241,988.0)
(481,146.5)
(58,390.0)
(22,058.7)
(19,819.0)
(13,926.1)
(11,641.9)

Pofessional fees

(11,220.7)

Travelling and transportation

Tax assesment charges
Repair and maintenance
Office building supplies/equipment

(10,790.4)
(8,633.3)
(8,284.3)
(7,544.7)

Office households
Royalty and incentive
Building operation
Insurance
Land and building tax
Others

(6,874.8)
(5,609.6)
(5,322.0)
(5,177.6)
(5,145.7)
(24,364.9)

Total general and administrative expenses

Other operating expense
Operating income from sales (before tax)
Taxes
Operating income from sales (after tax)
Other operating income (after tax items)
Currency translation gains (losses)
Hedging gains (losses) and other
Effect of stock option exercise

(705,950.2)
(7,626.6)
1,859,037.8
1,859,037.8
130,295.8
(887.2)
-

Operating income (after tax)

Financing income (expense)
Interest income
Interest expense
Net interest income (expense)
Tax effect (at 25,2%)
Net interest income (expense)
Preferred dividend
Net financing income (expense)
Comprehensive income

1,988,446.4

(304,347.2)
(304,347.2)
(296,582.2)
(600,929.4)
(600,929.4)
1,387,517.0