PT. Waskita Beton Precast Tbk

Statement of Profit (Loss) and Other Comprehensive Income (2014-2019, since WSBP was established)

(In Million Rupiah)

Description 2019 2018 2017 2016* 2015 2014 YoY 2017-2018 (%)
Revenues 7,467,176 8,000,149 7,104,158 4,717,150 2,644,320 641,931 12.61%
Cost of Revenues (5,904,248) (6,153,868) (5,155,967) (3,497,932) (2,224,890) (495,226) 19.35%
Gross Profit 1,562,928 1,846,282 1,948,191 1,219,218 419,430 146,705 -5.23%
Selling Expenses (13,453) (7,988) (6,991) (4,281) (2,322) (102) 14.26%
General and Administrative Expenses (260,479) (188,491) (407,524) (102,110) (53,754) (4,700) 53.75%
Final Tax Expenses (39,323) (38,587) - - - - -
Loss on Foreign Exchange – Net 152 (1,106) (145) (197) (557) (140) -662.44%
Interest Income 9,141 11,186 87,894 58,048 2,359 646 -87.27%
Other Income - Net 2,570 65,976 371 803 241 378 17,683.21%
Other Expenses - Net - - - (6,543) (266) (89) -
Profit Before Financial Charges 1,261,536 1,687,271 1,621,796 1,164,938 365,131 142,698 4.04%
Financial Charges (312,445) (331,723) (462,208) (214,310) (19,582) - -28.23%
Equity in Net (Loss) Profit of Joint Venture - - (3,354) 16,716 - - -100.00%
Net Profit Before Tax 949,090 1,355,548 1,156,234 967,344 345,549 142,698 17.24%
Income Tax Expenses (119,704) (211,681) (195,445) (332,525) (11,181) (2,392) -8.31%
Deferred benefits (Expenses) (23,237) (40,395) 39,542 - - - -202.16%
Net Profit for The Years 806,149 1,103,473 1,000,330 634,819 334,368 140,306 10.31%
Other Comprehensive Income (2,304) 212,432 4,188 452 94,650 - 4,972.40%
Total Comprehensive Income for The Years 803,845 1,315,905 1,004,519 635,271 429,020 140,305 31.00%
Basic Earnings per Share 32.88 42.62 38.64 33.85 21.24 227.19 10.30%

Statement of Financial Position (2014-2019, since WSBP was established)

(In Million Rupiah)

Description 2019 2018 2017 2016* 2015 2014 YoY 2017-2018 (%)
Current Assets
Cash and Cash Equivalents 469,334 1,299,204 1,028,346 4,205,820 98,186 272,221 26.34%
Receivables
Related Parties 1,987,269 3.237,305 6,380,369 5,284,283 358,058 160,516 -49.26%
Third Parties 514,778 1,017,171 246,755 341,905 204,805 479,956 312.22%
Other Receivables
Related Parties - 419 - 4,959 4,953 4,950 -
Third Parties 5,774 20,804 3,403 533 1 - 511.33%
Inventories 1,536,505 2,228,092 858,693 231,947 54,551 21,179 159.47%
Gross Amount - Related Parties 2,941,157 1,242,301 2,090,744 583,726 - - -40.58%
Prepaid Taxes 774,763 792,905 652,683 509,504 239,115 31,473 21.48%
Advances to Third Parties 126 50,080 171,078 42,542 30,187 1,489 -70.73%
Prepaid Expenses 243,919 347,852 142,873 91,181 64,725 9,148 143.47%
Total Current Assets 9,695,355 10,236,132 11,574,944 11,296,400 1,054,581 980,932 -11.57%
Non-Current Assets
Trade Accounts Receivable from a Related Party - - - 446,049 2,269,227 - -
Investment in a Joint Venture - 14,465 14,465 17,819 - - 0.00%
Property, Plant, and Equipments 5,741,676 4,726,298 3,148,701 1,932,852 987,351 221,676 50.10%
Deferred Tax Assets - - 41,964 2,843 - - -100.00%
Other Assets 712,091 245,494 139,474 38,303 21,249 - 76.01%
Total Non-Current Assets 6,453,767 4,986,256 3,344,604 2,437,866 3,277,827 221,676 49.08%
Total Assets 16,149,122 15,222,389 14,919,549 13,734,267 4,332,409 1,202,607 2.03%
Current Liabilities
Short-Term Bank Loan
Related Parties 1,476,964 2,132,359 1,345,633 1,595,633 301,785 - 58.47%
Third Parties 2,614,277 3,330,740 2,193,451 311,428 - - 51.85%
Accounts Payables
Related Parties 33,019 318 - 31,459 1,737 279 -
Third Parties 1,618,540 1,404,603 2,318,210 2,402,044 1,790,650 130,890 -39.41%
Other Payables
Related Parties - 208,023 83,327 55,494 4,364 - 149.65%
Third Parties 1,696 6,727 11,398 911 25 94 -40.98%
Taxes Payables 44,711 68,133 35,134 161,773 208,284 34,075 93.92%
Accrued Expenses 121,943 69,871 370,843 183,989 77,188 48,015 1.37%
Advances from Customers
Related Parties 48,078 86,033 74,824 180,333 127,291 - 14.98%
Third Parties 20,688 20,456 11,688 154,786 130,188 2,171 75.02%
Current maturities of long-term bank loans - - 1,448,924 - - - -100.00%
Total Current Liabilities 5,979,916 7,327,263 7,593,431 4,877,850 2,541,511 500,441 -3.51%
Long Term Liabilities
Long-term bank loans to related parties - net of current maturities - - - 1,448,924 459,255 - -
Employee benefit liabilities 19,499 10,264 9,461 1,992 816 - 8.49%
Deferred Tax Liabilities 25,019 2,549 - - - - -
Total non-Current Liabilities 2,034,654 12,813 9,461 1,450,916 460,071 - 35.43%
Total Liabilities 8,014,571 7,340,075 7,602,893 6,328,766 3,001,583 500,439 -3.46%
Equity
Share Capital - - - - - - -
Authorized Capital - - - - - - -
Issued and Fully Paid up Capital 2,636,116 2,636,116 2,636,116 2,636,116 835,056 617,572 0.00%
Additional Paid-in Capital 3,944,529 3,944,529 3,944,529 3,944,529 (73,554) (55,711) 0.00%
Buyback Treasury Stock (775,954) (775,954) (775,954) - - - 0.00%
Retained Earnings
Appropriated 231,866 176,692 126,676 94,935 28,061 - 39.48%
Unappropriated 1,790,797 1,593,733 1,287,712 635,271 446,613 140,305 23.76%
Other Component of Equity 307,196 307,196 97,577 94,650 94,650 - 214.82%
Total Equity 8,134,551 7,882,313 7,316,656 7,405,501 1,330,826 702,166 7.73%
Total Liabilities and Equity 16,149,122 15,222,389 14,919,549 13,734,267 4,332,409 1,202,605 2.03%

Statement of Cash Flow (2014 – 2019, since WSBP was established)

(In Million Rupiah)

Description 2019 2018 2017 2016 2015 2014 YoY 2017-2018 (%)
Cash Flow from Operating Activities 26,265 1,818,103 (2,413,799) (3,034,905) (686,135) (85,007) 175.32%
Cash Flow from Investing Activities (925,758) (1,272,088) (1,302,336) (833,320) (123,555) (21,615) 2.32%
Cash Flow from Financing Activities 69,622 (275,157) 538,660 7,975,859 635,655 378,844 -151.08%
Net Increase (decrease) in Cash and Cash Equivalents (829,870) 270,859 (3,177,475) 4,107,635 (174,035) 272,221 108.52%
Cash and Cash Equivalents at Beginning of Year 1,299,204 1,028,346 4,205,820 98,186 272,221 - -75.55%
Cash and Cash Equivalents at End of Year 469,334 1,299,204 1,028,346 4,205,820 98,186 272,221 26.34%

Financial Ratio Highlights (2014 – 2019, since WSBP was established)

(In Million Rupiah)

Description Satuan 2019 2018 2017 2016 2015 2014 YoY 2017-2018 (%)
Return on Assets (ROA) % 4.99% 7.25% 6.70% 4.62% 7.72% 11.67% 8.21%
Return on Equity (ROE) % 9.91% 14.00% 13.67% 8.57% 25.12% 19.98% 2.41%
Gross Profit Margin Ratio % 20.93% 23.08% 27.42% 25.85% 15.86% 22.85% -15.83%
Operating Profit Margin Ratio % 16.89% 21.09% 22.83% 24.70% 13.81% 22.11% -7.62%
Operational Profit Margin Ratio % 10.80% 13.79% 14.08% 13.46% 12.64% 21.86% -2.06%
Current Ratio x (kali) 1,62 1,40 1,52 2,32 0,41 1,96 -7.89%
Interest Bearing Debt to Equity Ratio x (kali) 0,75 0,69 0,68 0,45 0,57 - 1.47%
Liabilities to Equity Ratio % 98.53% 93.12% 103.91% 85.46% 225.54% 71.27% -10.38%
Liabilities to Asset Ratio % 49.63% 48.22% 50.96% 46.08% 69.28% 41.61% -5.38%
Debt Service Coverage Ratio x (kali) 5,04 5,09 3,53 5,45 2,39 - -