PT. Waskita Beton Precast Tbk

Statements of Financial Position

(In Million Rupiah)

Description 2020 2019 2018 2017 2016
ASSETS
Current Assets
Cash and Cash Equivalents 244,199 469,334 1,299,204 1,028,346 4,205,820
Account Receivables 1,882,594 2,502,047 4,254,476 6,627,124 5,626,188
Other Receivables 9,070 5,774 21,223 3,403 5,492
Inventories 1,076,331 1,536,505 2,228,092 858,693 231,947
Gross Amount 1,426,413 4,162,887 1,242,301 2,090,744 583,726
Prepaid Taxes 128,467 774,763 792,905 652,683 509,504
Advance to Third Parties - 126 50,080 171,078 42,542
Prepaid Expenses 202,059 243,919 347,852 142,873 91,181
Total Current Assets 4,969,133 9,695,355 10,236,132 11,574,944 11,296,400
Non-Current Assets
Accounts Receivables from Related Parties - - - - 446,049
Investment in Joint Ventures - - 14,465 14,465 17,819
Property, Plant, and Equipment 4,935,919 5,741,676 4,726,298 3,148,701 1,932,852
Right of Use Assets 72,730 - - - -
Deferred Tax Assets - - - 41,964 2,843
Other Assets 579,769 712,091 245,494 139,474 38,303
Total Non-Current Assets 5,588,418 6,453,767 4,986,256 3,344,604 2,437,866
Total Assets 10,557,551 16,149,122 15,222,389 14,919,549 13,734,267
LIABILITIES
Current Liabilities
Short-term Bank Loans 3,668,509 4,091,241 5,463,099 3,539,084 1,907,061
Account Payables 3,385,130 1,651,559 1,404,921 2,318,210 2,433,503
Other Payables 68,982 1,696 214,750 94,725 56,405
Taxes Payables 44,275 44,711 68,133 35,134 161,773
Accrued Expenses 152,093 121,943 69,871 70,843 83,989
Advances from Customers 44,950 68,766 106,489 86,512 235,119
Total Current Liabilities 7,363,941 5,979,916 7,327,262 7,593,431 4,877,850
Non-Current Liabilities
Long-term Bank Loans to Related Parties – Net of Current Maturity - - - - 1,448,924
Employee Benefit Liabilities 10,439 19,499 10,264 9,461 1,992
Bonds Payable 1,993,480 1,990,137 - - -
Deferred Tax Liabilities - 25,019 2,549 - -
Lease Liabilities 32,262 - - - -
Total Non-Current Liabilities 2,036,180 2,034,654 12,813 9,461 1,450,916
Total Liabilities 9,400,121 8,014,571 7,340,075 7,602,893 6,328,766
EQUITY
Share Capital – Rp100 per Value per Share 2,636,116 2,636,116 2,636,116 2,636,116 2,636,116
Authorized Capital – 63,266,778,136 Shares 2,636,116 2,636,116 2,636,116 2,636,116 2,636,116
Issued and Fully Paid Capital – 26,361,157,534 Shares 2,636,116 2,636,116 2,636,116 2,636,116 2,636,116
Additional Paid-in Capital 3,944,529 3,944,529 3,944,529 3,944,529 3,944,529
Buyback Treasury Stock (775,954) (775,954) (775,954) (775,954) -
Retained Earnings (4,886,012) 2,022,663 1,770,425 1,414,388 730,205
Other Component of Equity 238,750 307,196 307,196 97,577 94,650
Total Equity 1,157,429 8,134,551 7,882,313 7,316,656 7,405,501
Total Liabilities and Equity 10,557,551 16,149,122 15,222,389 14,919,549 13,734,267

Statements of Profit or Loss and Other Comprehensive Income

(In Million Rupiah)

Description 2020 2019 2018 2017 2016
Revenues – Net 2,211,413 7,467,176 8,000,149 7,104,158 4,717,150
Cost of Revenues (5,558,256) (5,904,248) (6,153,868) (5,155,967) (3,497,932)
Gross Profit (Loss) (3,346,843) 1,562,928 1,846,282 1,948,191 1,219,218
Selling Expenses (5,184) (13,453) (7,988) (6,991) (4,281)
General and Administrative Expenses (414,796) (260,479) (188,491) (407,524) (102,110)
Final Income Tax Expense (19,429) (39,323) (38,587) - -
Income (Loss) on Foreign Exchange – Net (281) 152 (1,106) (145) (197)
Interests Income 3,646 9,141 11,186 87,894 58,048
Others Income (Expense) (778,430) 2,570 65,976 371 803
Other Income - - - - (6,543)
Profit (Loss) Before Financial Charges and Tax (4,561,318) 1,261,536 1,687,271 1,621,796 1,164,938
Financial Charges (529,805) (312,445) (331,723) (462,208) (214,310)
Equity in Profit (Loss) of Joint Venture - - - (3,354) 16,716
Profit (Loss) Before Tax (5,091,123) 949,090 1,355,548 1,156,234 967,344
Current Income Tax Expenses - (119,704) (211,681) (195,445) (332,525)
Deferred Tax Benefits (Expenses) 331,164 (23,237) (40,395) 39,542 -
Net Profit (Loss) for the Year (4,759,959) 806,149 1,103,473 1,000,330 634,819
Remeasurement of Employee Benefits – Net 10,751 (2,304) 2,813 1,261 452
Surplus (Deficit) Revaluation of Fixed Assets (68,446) - 209,619 2,927 -
Comprehensive Income (Loss) for the Year - (2,304) 212,432 4,188 452
Total Comprehensive Income (Loss) for the Year (4,817,653) 803,845 1,315,905 1,004,519 635,271
Basic Earning (Loss) Per Share (in full Rupiah) (194.16) 32.88 42.62 38.64 33.85

Statements of Cash Flows

(In Million Rupiah)

Description 2020 2019 2018 2017 2016
Net Cash Provided by Operating Activities 561,477 26,265 1,818,103 (2,413,799) (3,034,905)
Net Cash Used in Investing Activities (162,359) (925,758) (1,272,088) (1,302,336) (833,320)
Net Cash Provided by (Used in) Financing Activities (624,252) 69,622 (275,157) 538,660 7,975,859
Net Increase (Decrease) in Cash and Cash Equivalents (225,135) (829,870) 270,859 (3,177,475) 4,107,635
Cash and Cash Equivalents at Beginning of Yea 469,334 1,299,204 1,028,346 4,205,820 98,186
Cash and Cash Equivalents at End of Year 244,199 469,334 1,299,204 1,028,346 4,205,820

Financial Ratio

Description Unit 2020 2019 2018 2017 2016
Return on Assets (ROA) % (45.09) 4.99 7.25 6.70 4.62
Return on Equity (ROE) % (411.25) 9.91 14.00 13.67 8.57
Gross Profit Margin % (151.34) 20.93 23.08 27.42 25.85
Operational Profit Margin % (170.34) 17.26 20.62 21.59 23.59
Net Profit Margin % (215.25) 10.80 13.79 14.08 13.46
Current Ratio x (times) 0.67 1.62 1.40 1.52 2.32
Interest Bearing Debt to Equity Ratio x (times) 4.89 0.75 0.69 0.68 0.45
Debt to Equity Ratio % 812.16 98.53 93.12 103.91 85.46
Debt to Asset Ratio % 89.04 49.63 48.22 50.96 46.08
Debt Service Coverage Ratio x (times) (7.64) 5.04 6.26 1.04 5.98