Investor Relations: Financial Highlights

Statements of Profit (Loss) and Other Comprehensive Income

(In Million Rupiah)

Description	2023	2022*	2021	2020	2019
Net Revenues	1,487,588	2,062,171	1,380,071	2,211,413	7,467,176
Precast	540,400	830,931	686,348*	996,974	3,840,752
Readymix and Quarry	579,837	410,796	422,786*	1,056,522	2,326,804
Construction service	367,351	820,444	270,937*	157,917	1,299,620
Cost of Revenues	(1,258,587)	(1,757,946)	(1,073,123)	(2,264,507)	(5,904,248)
Gross Profit (Loss)	229,001	304,225	306,949	(53,094)	1,562,928
Selling Expenses	(93,827)	(117,165)	(154,906)	(349,200)	(13,453)
General and Administrative Expenses	(506,330)	(543,518)	(1,216,867)	(1,219,368)	(260,479)
Non-Contributing Plant Expenses	(352,829)	(428,527)	(361,571)	(1,433,066)	-
Final Income Tax Expenses	(1,275)	(4,465)	(8,654)	(19,429)	(39,323)
Net Gain (Loss) Foreign Exchange	(64)	294	516	(281)	152
Interest Income	2,131	1,848	1,166	3,646	9,141
Other Income (Expenses)	976,457	1,914,353	107,256	(289,756)	2,570
Profit (Loss) Before Financial and Tax Expenses	253,264	1,127,045	(1,326,112)	(3,360,549)	1,261,536
Financial Charges	(246,964)	(451,275)	(617,251)	(761,343)	(312,445)
Profit (Loss) Before Tax	6,300	675,770	(1,943,362)	(4,121,892)	949,090
Current Income Tax Expenses	-	-	-	-	(119,704)
Deferred Tax Expenses	-	-	-	(165,420)	(23,237)
Net Profit (Loss) for the Year	6,300	675,770	(1,943,362)	(4,287,311)	806,149
Other Comprehensive Income (Loss)
Net Remeasurement of Employee Benefit Liabilities	(152)	(449)	(4,478)	10,752	(2,304)
Fixed Assets Revaluation Surplus (Deficit)	-	-	43,414	(68,446)	-
Comprehensive Income (Loss) for the Year	(152)	(449)	38,937	(57,694)	(2,304)
Total Comprehensive Profit (Loss) for the Year	6,149	675,321	(1,904,426)	(4,345,006)	803,845
Basic Earnings (Loss) per Share (in full Rupiah)	0.16	27.56	(79.27)	(174.88)	32.88

*Restated due to reclassification of certain accounts

Statements of Financial Position

(In Million Rupiah)

Description	2023	2022	2021	2020	2019
ASSETS
Current Assets
Cash and Cash Equivalents	120,812	238,947	93,664	244,199	469,334
Net Accounts Receivable
Related Parties	717,333	621,213	887,702	1,330,402	1,892,371
Third Parties	92,593	212,053	467,556	46,360	514,778
Other Receivables
Related Parties	1,534	17,051	2,167	-	-
Third Parties	90,837	8,038	4,917	9,070	5,774
Inventories	250,413	346,193	595,243	963,322	852,372
Gross Amount
Related Parties	246,361	541,752	259,794	1,077,532	2,941,157
Third Parties	71,180	179,203	173,742	132,008	1,124,993
Prepaid Taxes	56,795	78,282	76,104	128,467	697,029
Advances to Third Parties	164	181	631	-	126
Prepaid Expenses	30,056	18,179	107,599	135,828	192,195
Held-for-Sale Assets	-	-	1,518,964	-	-
Total Current Assets	1,678,077	2,234,092	4,188,082	4,067,189	8,690,129
Non-Current Assets
Net Fixed Assets	2,752,257	3,680,902	2,574,848	4,394,678	5,236,937
Leasing Assets	8,777	13,659	24,799	72,730	-
Other Assets	34,035	35,006	94,348	54,429	239,967
Total Non-Current Assets	2,795,069	3,729,566	2,693,995	4,521,836	5,476,904
Total Assets	4,473,146	5,963,658	6,882,077	8,589,026	14,167,033
LIABILITIES
Current Liabilities
Short Term Bank Loans
Related Partiess	-	-	1,765,463	1,668,940	1,476,964
Third Parties	671,127	671,127	2,099,768	1,999,569	2,614,277
Net Short Term Bonds Payable	-	1,850,770	1,997,172	-	-
Accounts Payable
Related Parties	564,885	1,303,878	51,576	32,774	33,019
Third Parties	944,900	1,976,495	2,983,349	3,385,104	2,128,157
Other Payables
Related Parties	25,154	17,951	70,017	-	-
Third Parties	2,844	1,051	7,227	68,982	1,696
Tax Payables	46,355	45,882	53,303	44,275	44,711
Accrued Expenses	294,733	578,762	570,863	182,353	134,417
Advances from Customers
Related Parties	54,057	32,436	17,419	25,286	48,078
Third Parties	37,646	41,166	7,387	19,664	20,688
Long-term Bank Loans with Current Maturity	4,347	2,972	-	-	-
Total Current Liabilities	2,646,049	6,522,490	9,627,619	7,426,949	6,502,007
Non-Current Liabilities
Long Term Bank Loans
Related Parties	901,879	677,672	-	-	-
Third Parties	672,637	630,603	-	-	-
Employee Benefits Liabilities	31,043	17,372	19,944	10,439	19,499
Bond Debts	228,967	211,746	-	1,993,480	1,990,137
Mandatory Convertible Bonds	651,812	-	-	-	-
Deferred Tax Liabilities	-	-	-	-	25,018
Lease Liabilities	5,252	6,983	13,043	32,262	-
Total Non-Current Liabilities	2,491,591	1,544,376	32,987	2,036,180	2,034,655
Total Liabilities	5,137,640	8,066,866	9,660,606	9,463,129	8,536,662
EQUITY
Share Capital – Nominal Value of Rp100 and Rp50 per Share
Authorized Capital – 147,266,778,136 Shares
Issued and Fully Paid-up Capital –54,555,721,325 Shares	4,045,844	2,636,116	2,636,116	2,636,116	2,636,116
Additional Paid-up Capital	3,967,367	3,944,529	3,944,529	3,944,529	3,944,529
Treasury Stock	(775,954)	(775,954)	(775,954)	(775,954)	(775,954)
Retained Earnings
Appropriated	272,173	272,173	272,173	272,173	231,866
Unappropriated	(8,456,089)	(8,462,238)	(9,137,558)	(7,200,470)	(713,383)
Other Components of Equity	282,164	282,164	288,438	249,502	307,196
Total Equity	(664,494)	(2,103,208)	(2,778,529)	(874,103)	5,630,370
Total Liabilities and Equity	4,473,146	5,963,658	6,882,077	8,589,026	14,167,033

Cash Flows

(In Million Rupiah)

Description	2023	2022	2021	2020	2019
Net Cash Provided by (Used in) Operating Activities	(106,350)	151,946	(18,562)	561,477	26,265
Net Cash Provided by (Used in) Investing Activities	(1,144)	(1,598)	(387)	(162,359)	(925,758)
Net Cash Provided by (Used in) Financing Activities	(10,577)	(5,360)	(131,586)	(624,252)	69,622
Net Increase (Decrease) in Cash and Cash Equivalents	(118,072)	144,989	(150,935)	(225,135)	(829,870)
Cash and Cash Equivalents at Beginning of the Year	238,947	93,664	244,199	469,334	1,299,204
Cash and Cash Equivalents at End of the Year	120,812	238,947	93,664	244,199	469,334

Financial Ratio

Description	2023	2022	2021	2020	2019
Return on Assets Ratio (%)	0.14	11.33	(28.24)	(49.92)	5.69
Return on Equity Ratio (%)	(0.95)	(32.13)	69.94	490.48	14.32
Gross Profit Margin (%)	15.39	14.75	22.24	(2.40)	20.93
Operating Profit Margin (%)	(53.29)	(35.59)	(95.46)	(151.09)	17.42
Net Profit Margin (%)	0.42	32.77	(140.82)	(193.87)	10.80
Current Ratio (x)	0.63	0.34	0.44	0.55	1.34
Interest Bearing Debt to Equity Ratio (x)	(4.72)	(1.93)	(2.12)	(6.51)	1.08
Debt to Equity Ratio (%)	(773.17)	(383.55)	(347.69)	(1,082.61)	151.62
Debt to Assets Ratio (%)	114.86	135.27	140.37	110.18	60.26
EBITDA Ratio (x)	(1.46)	(0.81)	(1.44)	(3.61)	5.17

Corporate

Financial

Disclosures

Shareholders

Info Request

Corporate

Financial

Disclosures

Shareholders

Info Request

Statements of Profit (Loss) and Other Comprehensive Income

Statements of Financial Position

Cash Flows

Financial Ratio

Company

Sustainability Performance

Corporate Governance

Our Business

Plants

Project

Media

Investor Relations

KIP

E-Store

E-Proc

Career

Contact Us

PT Waskita Beton Precast Tbk

Copyright ©2023. PT Waskita Beton Precast Tbk, all rights reserved.