PT AGUNG PODOMORO LAND Tbk

STATEMENT OF FINANCIAL POSITION

Analisis Common Size

2017 2018
2017 2018
ASSET
CURRENT ASSET
Cash and Cash Equivalents Rp2,297,047,219 Rp845,979,035 7.98% 2.86%

Trade accounts receivable from third parties - net of

allowance for impairment losses of Rp 217.745
thousand in March 31, 2018 and December 31, 2017
Rp1,315,395,092 Rp1,435,849,108 4.57% 4.85%
Accounts Receivable 0.00% 0.00%
Related Party Rp16,152,698 Rp16,258,231 0.06% 0.05%
Third Parties-Net Rp218,295,340 Rp226,015,431 0.76% 0.76%
Inventories
Hotel Rp7,649,006 Rp11,162,477 0.03% 0.04%
Real Estate Assets Rp3,709,353,855 Rp3,681,225,623 12.88% 12.44%
Prepaid Tax Rp288,868,500 Rp384,736,270 1.00% 1.30%
Prepaid Expenses Rp330,653,612 Rp288,826,899 1.15% 0.98%
Advances Rp1,249,558,379 Rp1,385,369,658 4.34% 4.68%
Total Current Assets Rp 9,432,973,701 Rp 8,275,422,732 32.76% 27.97%

NON CURRENT ASSETS

Inventories
Hotel Rp152,812,890 Rp59,909,205 0.53% 0.20%
Real estate assets Rp5,810,746,465 Rp7,455,044,337 20.18% 25.20%
Prepaid expenses Rp77,019,122 Rp75,416,931 0.27% 0.25%
Other financial assets Rp566,328,610 Rp862,319,896 1.97% 2.91%
Investment in associates Rp727,347,509 Rp81,040,406 2.53% 0.27%
Advance in investment in stock Rp132,929,475 Rp0 0.46% 0.00%
Investment properties - net Rp7,725,980,758 Rp8,163,467,192 26.84% 27.59%
Property and equipment – net Rp4,019,617,009 Rp4,433,790,374 13.96% 14.99%
Deferred charges - net Rp27,478,340 Rp30,495,281 0.10% 0.10%
Deferred tax assets Rp74,654,125 Rp103,341,557 0.26% 0.35%
Goodwill Rp30,334,910 Rp30,334,910 0.11% 0.10%
Others Rp11,893,100 Rp13,247,083 0.04% 0.04%
Total Non Current Assets Rp19,357,142,313 Rp21,308,407,172 67.24% 72.03%
TOTAL ASSETS Rp28,790,116,014 Rp29,583,829,904 100.00% 100.00%

LIABILITIES AND EQUITY

CURRENT LIABILITIES
Bank loans Rp83,000,000 Rp56,000,000 0.29% 0.19%
Medium term notes Rp300,000,000 Rp0 1.04% 0.00%
Trade account payable to third parties Rp710,852,975 Rp1,033,066,195 2.47% 3.49%
Other account payable
Related parties Rp313,925,319 Rp1,755,002 1.09% 0.01%
Third parties Rp870,886,212 Rp885,407,755 3.02% 2.99%
Taxes payable Rp148,914,761 Rp95,014,796 0.52% 0.32%
Accrued payable Rp182,763,473 Rp179,107,474 0.63% 0.61%
Current maturity of long-term liabilities:
Bank loans Rp453,538,726 Rp1,829,467,424 1.58% 6.18%
Bonds payable Rp1,200,000,000 Rp1,201,000,000 4.17% 4.06%
Liabilities for purchase property and equipment Rp890,653 Rp2,038,805 0.00% 0.01%
Advances from customers and unearned revenues - 10.27% 8.64%
realizable within one year Rp2,955,450,660 Rp2,555,847,825
0.00% 0.00%
Total Current Liabilities Rp7,220,222,779 Rp7,838,705,276 25.08% 26.50%

NON CURRENT LIABILITIES

Long-term liabilities - net of current maturity:
Bank loans Rp1,912,277,772 Rp2,944,019,618 6.64% 9.95%
Bonds payable Rp5,283,775,869 Rp4,373,936,215 18.35% 14.78%
Liabilities for purchase property and equipment Rp763,048 Rp875,263 0.00% 0.00%
Derivative financial instruments Rp83,421,757 Rp0 0.29% 0.00%
Advances from customers and unearned revenues - 8.29% 6.22%
net of realizable within one year Rp2,387,527,894 Rp1,840,707,989
0.00% 0.00%
Tenants' security deposits Rp170,096,155 Rp165,266,465 0.59% 0.56%
Post-employment benefits obligation Rp234,504,467 Rp212,122,249 0.81% 0.72%
Deferred tax liabilities Rp548,724 Rp643,350 0.00% 0.00%
Total Non Current Liabilities Rp10,072,915,686 Rp9,537,571,149 34.99% 32.24%
Total Liabilities Rp17,293,138,465 Rp17,376,276,425 60.07% 58.74%

EQUITY
Capital stock Rp1,936,456,170 Rp1,936,456,170 6.73% 6.55%
Additional Paid-In Capital -Net Rp1,030,476,588 Rp1,030,476,588 3.58% 3.48%
Other equity component Rp35,411,406 Rp35,411,406 0.12% 0.12%
Difference due to change in equity of subsidiaries Rp45,845,060 Rp45,845,060 0.16% 0.15%
Difference in value of equity transaction with non- -0.11% -0.10%
(Rp30,589,867) (Rp30,589,867)
controlling interests 0.00% 0.00%
Other comprehensive income (Rp18,815,482) Rp31,222,390 -0.07% 0.11%
Retained earnings
Appropriated Rp95,000,000 Rp105,000,000 0.33% 0.35%
Unappropriated Rp5,689,458,536 Rp5,709,015,575 19.76% 19.30%
Equity attributable to the owners of the Company 30.51% 29.96%
Rp8,783,242,411 Rp8,862,837,322

Non-controlling interests Rp2,713,735,138 Rp3,344,716,157 9.43% 11.31%

Total Equity Rp11,496,977,549 Rp12,207,553,479 39.93% 41.26%
TOTAL LIABILITIES AND EQUITY Rp28,790,116,014 Rp29,583,829,904 100.00% 100.00%
 ANALISIS RASIO 2018 2017

LIQUIDITY RATIO
Current Ratio 1.06 1.31
Quick Ratio 0.14 0.35
PROFITABILITY RATIO
Gross Profit Margin 48.0% 48.59%
Operating Profit Margin 3.9% 26.9%
Net Profit Margin 3.8% 26.7%
ASET UTILIZATION AND EFFICIENCY RATIO
Inventory Turnover 0.18 0.97
Total Asset Turnover 0.17 0.24
Fixed Asset Turnover 1.19 1.75
SOLVABILITY RATIO
Debt Ratio 0.59 0.60
Debt to Equity 1.42 1.50
Long Term Debt to Equity 0.78 0.88
CAPITAL RATIO
Return on Asset 2.85% 8.61%
Return on Equity 7.01% 21.56%
Return on Investment 23.42% 32.71%
 PT AGUNG PODOMORO LAND Tbk
Statement of profit or loss and other comprehensive income
Analysis Common Size
2018 2017
2017
SALES AND REVENUES Rp 5,035,325,429 Rp 7,043,036,602 100%
COSF OF SALES AND DIRECT COSTS Rp -2,616,667,124 Rp -3,620,910,976 -52%
Gross Profit Rp 2,418,658,305 Rp 3,422,125,626 48%
Selling expense Rp -262,405,074 Rp -252,951,214 -5%
General and administrative expenses Rp -1,015,453,907 Rp -1,130,489,822 -20%
Share in profit of associates Rp 51,185,864 Rp 58,294,115 1%
Gain on sale of property and equipment Rp 202,925 Rp 919,682,125 0%
Interest income Rp 71,145,637 Rp 85,784,476 1%
Interest expense and financial charges Rp -849,366,237 Rp -795,650,074 -17%
Final tax expense Rp -179,935,082 Rp -285,264,728 -4%
Gain (loss) on derivative financial instruments Rp 240,268,901 Rp -83,421,757 5%
Other losses - net Rp -277,562,620 Rp -41,616,337 -6%
Profit before income tax Rp 196,738,712 Rp 1,896,492,410 4%
INCOME TAX EXPENSE - NET -Rp3,008,420 Rp -13,911,010 0%
PROFIT FOR THE YEAR Rp193,730,292 Rp 1,882,581,400 4%
OTHER COMPREHENSIVE INCOME
Items that will not be reclassified subsequently to profit or loss:
Remeasurement of defined benefit obligation Rp 63,227,287 Rp -7,924,063 1%
Income Tax Expense Rp -319,821 Rp -48,696 0%
Remeasurement of defined benefit obligation net of tax Rp 62,907,466 Rp -7,972,759 1%
Share in other comprehensive income of associates Rp 1,223,371 Rp -24,138 0%
Income of associates subsequently to profit or loss:
Net fair value loss on available-for-sale financial assets Rp -9,013,972 Rp -2,649,436 0%
Exchange difference on translating foreign operations Rp -636,683 Rp -42,234 0%
Total other comprehensive income for the year Net of Tax Rp 54,480,182 Rp -10,688,567 1%
TOTAL COMPREHENSIVE INCOME FOR THE YEAR Rp 248,210,474 Rp 1,871,892,833 5%
PROFIT FOR THE YEAR ATTRIBUTABLE TO:
Owners of the Company Rp 29,557,039 Rp 1,371,638,553 1%
Non-controlling interests Rp 164,173,253 Rp 510,942,847 3%
Total Rp 193,730,292 Rp 1,882,581,400 4%
TOTAL COMPREHENSIVE INCOME FOR THE YEAR ATTRIBUTABLE TO :
Owners of the Company Rp 79,594,911 Rp 1,360,451,892 2%
Non-controlling interests Rp 168,615,563 Rp 511,440,941 3%
Total Rp 248,210,474 Rp 1,871,892,833 5%
Analysis Common Size
2018
100%
-51%
49%
-4%
-16%
1%
13%
1%
-11%
-4%
-1%
-1%
27%
0%
27%

0%
0%
0%
0%

0%
0%
0%
27%
19%
7%
27%

19%
7%
27%
1.936.456.170 1.030.476.588 35.411.406

45.845.060

(30.589.867) 31.222.390

105.000.000 5.709.015.575

8.862.837.322

3.344.716.157 12.207.553.479