Horizontal Hero 2017 2016 2015

Growth Growth

CURRENT ASSETS
(dalam jutaan rupiah, kecuali
dinyatakan lain
Cash and cash equivalents 226,399 23.6% 183,189 24% 147,310
Trade receivables
Third parties 273,970 27.9% 214,262 45% 147,742
Related parties 4,102 -
Other receivables:
third parties 78,123 92.7% 40,532 -34.1% 61,468
Related parties 2,766 412.2% 540 -
Inventories 1,616,534 -17.6% 1,961,664 -4.4% 2,052,544
Prepaid taxes:
Corporated income taxes 77,542 0% 77,542 -11.2% 87,303
Other taxes 126,568 10.3% 114,771 1739.6% 6,239
Prepaid expenses 132,593 -33.6% 199,802 -25.3% 267,412
Advances -100% 18,810 -64.7% 53,258
Assets held for sale 6,128 0.0% 6,128 -93.2% 90,509
Total Current Assets 2,544,725 -9.7% 2,817,240 -3.3% 2,913,785

NON CURRENT ASSETS

Other receivables - third parties - - -100% 95
Prepaid taxes:
Corporate income taxess 84,952 141.4% 35,186 -
Prepayment and advances 174,207 47.2% 118,347 -0.3% 118,650
Property and equipment 4,308,829 -0.7% 4,337,359 -3.6% 4,501,612
Goodwill 9,869 0% 9,869 0% 9,869
Other intangible assets 53,432 -25.3% 71,523 -35.3% 110,517
Deferred tax assets-net 136,676 205.1% 44,793 -53.7% 96,688
Other non-current assets 50,454 -4.3% 52,716 8.9% 48,423
Total non-current assets 4,818,419 3.2% 4,669,793 -4.4% 4,885,854

TOTAL ASSETS 7,363,144 -1.7% 7,487,033 -4.0% 7,799,639

Horizontal HERO 2017 2016 2015
Growth Growth

CURRENT
(dalam jutaan LIABILITIES
rupiah, kecuali
dinyatakan lain
Bank borrowings and overdraft - - -100% 100,000
Trade Payables:
Third parties 1,127,504 -7% 1,207,527 -11% 1,355,799
Related parties 2,834 -8% 3,075 -29% 4,308
Other payables:
Third parties 277,161 3% 267,983 -32% 391,393
Related parties 14,163 5% 13,523 173% 4,958
Taxes Payable:
Other taxes 19,646 31% 15,048 -36% 23,695
Accrued Expense 339,265 6% 320,750 -3% 329,735
Provisions 94,405 131% 40,823 159% 15,790
Employee benefit obligations 96,504 30% 74,190 23% 60,257
Deffered income 29,979 7% 28,022 -10% 30,969
Derivative directly
Liabilities liabilities
associated with - - -100% 1,076
assets held for sale - - -100% 47,084

Total current liabilities 2,001,461 2% 1,970,941 -17% 2,365,064

NON CURRENT LIABILITIES

Deffered Income 10,953 1% 10,872 -14% 12,569
Provisions 12,888 48% 8,732 -3% 9,009
Employee benefit obligations 139,099 259% 38,705 -81% 198,619

Total non-current liabilities 162,940 179% 58,309 -74% 220,197

Total liabilities 2,164,401 7% 2,029,250 -22% 2,585,261

EQUITY
Share capital-at par Rp 50 209,182 0% 209,182 0% 209,182
Additional paid in capital 2,988,060 0% 2,988,060 0% 2,988,060
Cash flow hedging reserve -100% (807)
Retained Earnings
Appropiated 42,000 0% 42,000 0% 42,000
Unappropiated 1,959,501 -12% 2,218,541 12% 1,975,943

Total equity 5,198,743 -5% 5,457,783 5% 5,214,378

TOTAL LIABILITIES AND
EQUITY 7,363,144 -2% 7,487,033 -4% 7,799,639
Horizontal HERO 2017 2016 2015
(dalam jutaan rupiah, kecuali Growth Growth
dinyatakan lain
Net Revenue 13,033,638 -5% 13,677,931 -5% 14,352,700
Cost of revenue (9,591,191) -5% (10,107,503) -8% (11,026,182)
Gross profit 3,442,447 -4% 3,570,428 7% 3,326,518
Operating expenses (3,766,137) 4% (3,604,301) 0% (3,604,329)
Finance cost (4,635) -81% (24,500) -11% (27,472)
Finance income 2,313 -19% 2,848 -25% 3,784
Other income - net 74,365 -69% 239,974 34% 178,865
Profit/(loss) before income tax (251,647) -236% 184,449 -250% (122,634)
Income tax (expense)/benefit
Profit/(loss)for the year from 60,241 -287% (32,168) -180% 40,412
continuing
Loss for theoperations
year from (191,406) -226% 152,281 -285% (82,222)
discontinued operations - -100% (31,693) -49% (61,856)
Profit/(loss) for the year (191,406) -259% 120,588 -184% (144,078)

Otherthat
Items comprehensive income:
will be reclassified to
profit or loss
Changes in value of cash flows
hedge - -100% 1,076 41% 764
Related income tax - -100% (269) 41% (191)
Items that will not be reclassified - -100% 807 41% 573
to profit or loss of employee
Remeasurement
benefit obligations (90,178) -155% 162,680 -227% (127,916)
Related income tax 22,544 -155% (40,670) -227% 31,979
Other comprehensive income/ (67,634) -155% 122,010 -227% (95,937)
(losses)
Total for the year, net
comprehensive of tax
income/ (67,634) -155% 122,817 -229% (95,364)
(loss) for the year
Basic/diluted earnings per share (259,040) -206% 243,405 -202% (239,442)
(full rupiah) (46) -259% 29 -185% (34)
Basic/diluted earnings per share
(full rupiah)
From continuing operations (46) -228% 36 -280% (20)
From discontinued operations - -100% (7) -50% (14)
(46) -259% 29 -185% (34)
Horizontal HERO 2017 2016 2015
(dalam jutaan rupiah, kecuali Growth Growth
dinyatakan lain
Cash flows from operating
activities
Cash receipts from operating
activities
Receipts from customers 12,983,920 -8% 14,050,726 #DIV/0!
Cash payments from operating #DIV/0! #DIV/0!
activities
Payments to suppliers for goods (9,335,208) -9% (10,282,769) #DIV/0!
and services
Other cash payments for operating (3,017,027) -8% (3,280,698) #DIV/0!
activities
Cash generated from (used in) 631,685 30% 487,259 #DIV/0!
operations
Interests received from operating 2,313 -21% 2,943 #DIV/0!
activities
Interests paid from operating (4,494) -84% (27,712) #DIV/0!
activities
Income taxes refunded (paid) from (87,236) 87% (46,637) #DIV/0!
operating activities
Total net cash flows received 542,268 30% 415,853 #DIV/0!
from (used
Cash flows in)
fromoperating
investing
activities
Proceeds from disposal of property,
plant and equipment
Payments for acquisition of 2,984 -97% 102,297
property, plant
Payments and equipment
for acquisition of (495,730) 26% (393,058)
intangible
Othernet
Total cash assets
inflows
cash flows(outflows) from
received from (6,334) -59% (15,628) #DIV/0!
investing
(used activities
in) investing -100% 26,018 #DIV/0!
activities (499,080) 78% (280,371) #DIV/0!

Cash flows from financing

activities
Proceeds from bank loans - -100% 150,000 #DIV/0!
Payments of bank loans - -100% (250,000) #DIV/0!
Total net cash flows received from - -100% (100,000) #DIV/0!
(used net
Total in) increase
financing(decrease) in 43,188 22% 35,482 #DIV/0!
activities
cash
Cash and cash equivalents
and cash equivalents cash 183,189 24% 147,310 #DIV/0!
flows, of
Effect beginning
exchangeofrate
the period
changes on 22 -94% 397
cash and cash equivalents
Cash and cash equivalents cash 226,399 24% 183,189
flows, end of the period