Victoria Investama Tbk

Financial Health of Victoria Investama Tbk

Comparing to competitors in the Asset Management industry

Industry Rankings

Victoria Investama Tbk
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Company's Financial Health
A deep dive into the books. How are the numbers doing? Is Victoria Investama Tbk even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
Market Valuation
Finally, you now have an insight of how Victoria Investama Tbk is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Victoria Investama Tbk. The closing price on 2022-12-05 was Rp184.00 per share. Is the company over- or underpriced?
Key Performance Indicators
A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.

Victoria Investama Tbk Daily Candlestick Chart

Summary

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is inefficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

1.1. Profitability of Victoria Investama Tbk.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Victoria Investama Tbk earns for each Rp1 of revenue.

Above 10% is considered healthy but always compare Victoria Investama Tbk to the Asset Management industry mean.
A Net Profit Margin of 11.5% means that Rp0.11 for each Rp1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Victoria Investama Tbk:

The MRQ is 11.5%. The company is making a huge profit. +2
The TTM is -10.9%. The company is making a huge loss. -2

Trends

Current period		Compared to		+/-
MRQ	11.5%	TTM	-10.9%	+22.4%
TTM	-10.9%	YOY	-7.5%	-3.4%
TTM	-10.9%	5Y	-2.6%	-8.4%
5Y	-2.6%	10Y	26.5%	-29.0%

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	11.5%	35.2%	-23.7%
TTM	-10.9%	20.2%	-31.1%
YOY	-7.5%	43.5%	-51.0%
5Y	-2.6%	27.2%	-29.8%
10Y	26.5%	32.1%	-5.6%

Measures how much net profit Victoria Investama Tbk earns for each Rp1 of revenue.

Revenue is the amount of profit Victoria Investama Tbk generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you Rp3. The company does not earn Rp3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is Rp1.5.

The Rp3 you pay for a cup of coffee is called revenue.
The Rp1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Victoria Investama Tbk earns for each Rp1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Victoria Investama Tbk to the Asset Management industry mean.
Can be used to compare companies within the Asset Management industry.

You typically want a high profit margin. This means that for each Rp1 in sales, Victoria Investama Tbk makes more profit. This shows the investor how efficiently Victoria Investama Tbk is operating in general and compared to other companies in the same industry. Victoria Investama Tbk operates in the Asset Management industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Victoria Investama Tbk. If profit margins remain low (compared to the Asset Management industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Victoria Investama Tbk is 0.11. This means that Victoria Investama Tbk earned Rp0.11 for each Rp1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Asset Management industry is 35.2%.
What is the trend?
The trend is important because it shows you how Victoria Investama Tbk is performing over time. The most recent quarter might be important if Victoria Investama Tbk released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Victoria Investama Tbk up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Victoria Investama Tbk with other companies in the same industry (Asset Management).
Net profit margin should rise over the years.
Can be influenced when Victoria Investama Tbk sells assets (profit will increase while costs remain the same).
It won’t show what part of Victoria Investama Tbk is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Victoria Investama Tbk

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Victoria Investama Tbk = 18,967,480
Total revenue MRQ Victoria Investama Tbk = 165,302,834
Rp18,967,480 / Rp165,302,834 = 0.11 or 11.5%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Victoria Investama Tbk is using its assets to generate profit.

Above 5% is considered healthy but always compare Victoria Investama Tbk to the Asset Management industry mean.
0.1% Return on Assets means that Victoria Investama Tbk generated Rp0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Victoria Investama Tbk:

The MRQ is 0.1%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.0%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	0.1%	TTM	0.0%	+0.1%
TTM	0.0%	YOY	-0.1%	+0.1%
TTM	0.0%	5Y	0.0%	0.0%
5Y	0.0%	10Y	1.0%	-1.0%

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	0.1%	0.8%	-0.7%
TTM	0.0%	1.1%	-1.1%
YOY	-0.1%	2.2%	-2.3%
5Y	0.0%	1.1%	-1.1%
10Y	1.0%	1.2%	-0.2%

Shows how efficient Victoria Investama Tbk is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Victoria Investama Tbk to the Asset Management industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Victoria Investama Tbk is using its resources to generate profit. If the return on assets (0.1%) from Victoria Investama Tbk are higher than the Asset Management mean (0.8%) that means Victoria Investama Tbk is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Victoria Investama Tbk is 0.1%. This means the company generated Rp0.00 for each Rp1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Asset Management industry is 0.8%.
What is the trend?
The trend is important because it shows you how Victoria Investama Tbk is performing over time. The most recent quarter might be important if Victoria Investama Tbk released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Victoria Investama Tbk up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Victoria Investama Tbk

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Victoria Investama Tbk = 18,967,480
Total assets MRQ (balance sheet) from Victoria Investama Tbk = 25,793,143,652
18,967,480 / 25,793,143,652 = 0.00 or 0.1%

ROA is an important ratio as it will tell you how effectively Victoria Investama Tbk is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Victoria Investama Tbk is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Victoria Investama Tbk to the Asset Management industry mean.
0.8% Return on Equity means Victoria Investama Tbk generated Rp0.01 for each Rp1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Victoria Investama Tbk:

The MRQ is 0.8%. Using its investors money, the company is inefficient in making profit. -1
The TTM is -0.3%. Using its investors money, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	0.8%	TTM	-0.3%	+1.1%
TTM	-0.3%	YOY	-1.1%	+0.8%
TTM	-0.3%	5Y	0.0%	-0.2%
5Y	0.0%	10Y	1.7%	-1.8%

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	0.8%	1.9%	-1.1%
TTM	-0.3%	2.1%	-2.4%
YOY	-1.1%	3.8%	-4.9%
5Y	0.0%	1.9%	-1.9%
10Y	1.7%	1.9%	-0.2%

Shows how efficient Victoria Investama Tbk is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Victoria Investama Tbk to the Asset Management industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Asset Management industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Victoria Investama Tbk is 0.8%. This means Victoria Investama Tbk generated Rp0.01 for each Rp1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Asset Management industry is 1.9%.
What is the trend?
The trend is important because it shows you how Victoria Investama Tbk is performing over time. The most recent quarter might be important if Victoria Investama Tbk released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Victoria Investama Tbk up to 10 years back (depending if Victoria Investama Tbk existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Victoria Investama Tbk

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Victoria Investama Tbk = 18,967,480
Shareholders equity (balance sheet) MRQ Victoria Investama Tbk = 2,416,651,437
18,967,480 / 2,416,651,437 = 0.01 or 0.8%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Victoria Investama Tbk.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Victoria Investama Tbk is operating .

Measures how much profit Victoria Investama Tbk makes for each Rp1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Victoria Investama Tbk to the Asset Management industry mean.
An Operating Margin of 0.0% means the company generated Rp0.00 for each Rp1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Victoria Investama Tbk:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.0%
TTM	-	YOY	3.2%	-3.2%
TTM	-	5Y	3.9%	-3.9%
5Y	3.9%	10Y	1.9%	+1.9%

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	-	28.8%	-28.8%
TTM	-	13.6%	-13.6%
YOY	3.2%	21.8%	-18.6%
5Y	3.9%	18.9%	-15.0%
10Y	1.9%	17.1%	-15.2%

Measures how efficient Victoria Investama Tbk is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Victoria Investama Tbk to the Asset Management industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Victoria Investama Tbk is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Victoria Investama Tbk is 0.0%. This means that Victoria Investama Tbk earned Rp0.00 for each Rp1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Asset Management industry is 28.8%.
What is the trend?
The trend is important because it shows you how Victoria Investama Tbk is performing over time. The most recent quarter might be important if Victoria Investama Tbk released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Victoria Investama Tbk up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Victoria Investama Tbk

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Victoria Investama Tbk = 154,503,905
Total revenue MRQ Victoria Investama Tbk = 165,302,834
Rp154,503,905 / Rp165,302,834 = 0.00 or 0.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Victoria Investama Tbk is keeping operating costs low.

Below 1 is considered healthy (always compare to Asset Management industry mean).
An Operation Ratio of -0.35 means that the operating costs are Rp-0.35 for each Rp1 in net sales.

Let's take a look of the Operating Ratio trends of Victoria Investama Tbk:

The MRQ is -0.347.
The TTM is 1.513. The company is inefficient in keeping operating costs low. -1

Trends

Current period		Compared to		+/-
MRQ	-0.347	TTM	1.513	-1.860
TTM	1.513	YOY	3.074	-1.561
TTM	1.513	5Y	2.762	-1.249
5Y	2.762	10Y	1.381	+1.381

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	-0.347	0.566	-0.913
TTM	1.513	0.312	+1.201
YOY	3.074	0.230	+2.844
5Y	2.762	0.316	+2.446
10Y	1.381	0.328	+1.053

Measures how efficient Victoria Investama Tbk is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Victoria Investama Tbk to the Asset Management industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Victoria Investama Tbk is -34.7%. This means that Victoria Investama Tbk earned Rp-0.35 for each Rp1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Asset Management industry is 0.57.
What is the trend?
The trend is important because it shows you how Victoria Investama Tbk is performing over time. The most recent quarter might be important if Victoria Investama Tbk released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Victoria Investama Tbk up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Victoria Investama Tbk

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(-68,102,989 +10,798,929) \ 165,302,834 = -0.35

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Victoria Investama Tbk.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Victoria Investama Tbk is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Asset Management industry mean).
A Current Ratio of 0.19 means the company has Rp0.19 in assets for each Rp1 in short-term debts.

Let's take a look of the Current Ratio trends of Victoria Investama Tbk:

The MRQ is 0.186. The company is unable to pay all its short-term debts. -2
The TTM is 0.195. The company is unable to pay all its short-term debts. -2

Trends

Current period		Compared to		+/-
MRQ	0.186	TTM	0.195	-0.009
TTM	0.195	YOY	0.179	+0.016
TTM	0.195	5Y	0.300	-0.105
5Y	0.300	10Y	0.150	+0.150

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	0.186	2.906	-2.720
TTM	0.195	2.979	-2.784
YOY	0.179	3.245	-3.066
5Y	0.300	3.927	-3.627
10Y	0.150	3.659	-3.509

Measures if Victoria Investama Tbk is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Asset Management industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Victoria Investama Tbk if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Victoria Investama Tbk is 0.19. This means Victoria Investama Tbk has Rp0.19 in assets for each Rp1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Asset Management industry is 2.91.
What is the trend?
The trend is important because it shows you how Victoria Investama Tbk is performing over time. The most recent quarter might be important if Victoria Investama Tbk released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Victoria Investama Tbk up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Victoria Investama Tbk

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
3,868,726,522 \ 20,781,674,974) = 0.19

The current ratio measures if Victoria Investama Tbk is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Victoria Investama Tbk is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Victoria Investama Tbk does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Victoria Investama Tbk is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Victoria Investama Tbk is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Victoria Investama Tbk to the Asset Management industry mean.
A Quick Ratio of 0.23 means the company can pay off Rp0.23 for each Rp1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Victoria Investama Tbk:

The MRQ is 0.232. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.279. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.232	TTM	0.279	-0.047
TTM	0.279	YOY	0.272	+0.007
TTM	0.279	5Y	0.232	+0.047
5Y	0.232	10Y	0.116	+0.116

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	0.232	1.798	-1.566
TTM	0.279	1.811	-1.532
YOY	0.272	1.761	-1.489
5Y	0.232	2.350	-2.118
10Y	0.116	2.094	-1.978

Measures if Victoria Investama Tbk is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Victoria Investama Tbk to the Asset Management industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Victoria Investama Tbk can pay off its short term debts. This shows if Victoria Investama Tbk can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Victoria Investama Tbk is 0.23. This means that Victoria Investama Tbk can pay off Rp0.23 for each Rp1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Asset Management industry is 1.80.
What is the trend?
The trend is important because it shows you how Victoria Investama Tbk is performing over time. The most recent quarter might be important if Victoria Investama Tbk released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Victoria Investama Tbk up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Victoria Investama Tbk

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Victoria Investama Tbk: (2,055,791,874 + 2,637,998,981 +129,262,846) / 20,781,674,974 = 0.23

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Victoria Investama Tbk.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Victoria Investama Tbk assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Victoria Investama Tbk to Asset Management industry mean.
A Debt to Asset Ratio of 0.85 means that Victoria Investama Tbk assets are financed with 85.5% credit (debt) and the remaining percentage (100% - 85.5%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Victoria Investama Tbk:

The MRQ is 0.855. The company is just able to pay all its debts by selling its assets.
The TTM is 0.876. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.855	TTM	0.876	-0.021
TTM	0.876	YOY	0.911	-0.035
TTM	0.876	5Y	0.891	-0.015
5Y	0.891	10Y	0.548	+0.343

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	0.855	0.226	+0.629
TTM	0.876	0.233	+0.643
YOY	0.911	0.229	+0.682
5Y	0.891	0.230	+0.661
10Y	0.548	0.230	+0.318

Measures how much % of Victoria Investama Tbk assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Victoria Investama Tbk than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Victoria Investama Tbk to Asset Management industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Victoria Investama Tbk is 0.85. This means means that Victoria Investama Tbk is financed with 85.5% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Asset Management industry is 290.6%.
What is the trend?
The trend is important because it shows you how Victoria Investama Tbk is performing over time. The most recent quarter might be important if Victoria Investama Tbk released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Victoria Investama Tbk up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Victoria Investama Tbk has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Victoria Investama Tbk

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
22,048,254,321 \ 25,793,143,652 = 85.5% or 0.85.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Victoria Investama Tbk is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Victoria Investama Tbk to the Asset Management industry mean.
A Debt to Equity ratio of 912.3% means that company has Rp9.12 debt for each Rp1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Victoria Investama Tbk:

The MRQ is 9.123. The company is unable to pay all its debts with equity. -1
The TTM is 10.284. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	9.123	TTM	10.284	-1.161
TTM	10.284	YOY	11.798	-1.514
TTM	10.284	5Y	11.997	-1.713
5Y	11.997	10Y	7.027	+4.970

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	9.123	0.311	+8.812
TTM	10.284	0.313	+9.971
YOY	11.798	0.330	+11.468
5Y	11.997	0.340	+11.657
10Y	7.027	0.347	+6.680

Measures if Victoria Investama Tbk is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Victoria Investama Tbk is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Victoria Investama Tbk is 9.12. This means that Victoria Investama Tbk can pay off Rp9.12 for each Rp1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Asset Management industry is 0.31.
What is the trend?
The trend is important because it shows you how Victoria Investama Tbk is performing over time. The most recent quarter might be important if Victoria Investama Tbk released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Victoria Investama Tbk up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Victoria Investama Tbk

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
22,048,254,321 \ 2,416,651,437 = 9.12 or 912.3%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Victoria Investama Tbk

2. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every Rp1 in earnings Victoria Investama Tbk generates.

Above 15 is considered overpriced but always compare Victoria Investama Tbk to the Asset Management industry mean.
A PE ratio of 87.02 means the investor is paying Rp87.02 for every Rp1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Victoria Investama Tbk:

The EOD is 97.635. Neutral. Compare to industry.
The MRQ is 87.022. Neutral. Compare to industry.
The TTM is 191.905. Seems overpriced? -1

Trends

Current period		Compared to		+/-
EOD	97.635	MRQ	87.022	+10.612
MRQ	87.022	TTM	191.905	-104.883
TTM	191.905	YOY	77.149	+114.756
TTM	191.905	5Y	79.029	+112.876
5Y	79.029	10Y	68.284	+10.745

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
EOD	97.635	2.975	+94.660
MRQ	87.022	3.410	+83.612
TTM	191.905	23.173	+168.732
YOY	77.149	22.267	+54.882
5Y	79.029	20.465	+58.564
10Y	68.284	23.494	+44.790

Measures how much money you pay for each share for every Rp1 in earnings Victoria Investama Tbk generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Victoria Investama Tbk to the Asset Management industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Victoria Investama Tbk is 87.02. This means the investor is paying Rp87.02 for every Rp1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Asset Management industry is 3.41.
What is the trend?
The trend is important because it shows you how Victoria Investama Tbk is performing over time. The most recent quarter might be important if Victoria Investama Tbk released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Victoria Investama Tbk up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Victoria Investama Tbk

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
18,967,480 \ 10,064,568 = EPS
PE ratio MRQ = 87.02

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Victoria Investama Tbk.

Lower is better.
A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of Victoria Investama Tbk:

The MRQ is 132.329. Seems overpriced? -1
The TTM is -22.679. Very Bad. -2

Trends

Current period		Compared to		+/-
MRQ	132.329	TTM	-22.679	+155.008
TTM	-22.679	YOY	860.835	-883.514
TTM	-22.679	5Y	204.467	-227.146
5Y	204.467	10Y	-45.577	+250.044

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	132.329	0.032	+132.297
TTM	-22.679	0.003	-22.682
YOY	860.835	0.039	+860.796
5Y	204.467	0.089	+204.378
10Y	-45.577	0.141	-45.718

PEG Ratio	Meaning
0.5	You can buy the stock cheap based on future growth
1	You pay a fair price based on future growth
2	The stock is overpriced based on future growth

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Victoria Investama Tbk is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Asset Management industry mean).
A PB ratio of 0.44 means the investor is paying Rp0.44 for each Rp1 in book value.

Let's take a look of the Price to Book Ratio trends of Victoria Investama Tbk:

The EOD is 0.495. Very good. +2
The MRQ is 0.441. Very good. +2
The TTM is 0.631. Very good. +2

Trends

Current period		Compared to		+/-
EOD	0.495	MRQ	0.441	+0.054
MRQ	0.441	TTM	0.631	-0.190
TTM	0.631	YOY	0.539	+0.092
TTM	0.631	5Y	0.447	+0.183
5Y	0.447	10Y	0.616	-0.168

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
EOD	0.495	0.945	-0.450
MRQ	0.441	1.038	-0.597
TTM	0.631	1.109	-0.478
YOY	0.539	1.115	-0.576
5Y	0.447	1.133	-0.686
10Y	0.616	1.164	-0.548

2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Victoria Investama Tbk compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	21.078	45.442	-54%	-34.215	+262%	2.178	+868%	10.336	+104%
Book Value Growth	-	-	1.000	1.000	0%	1.000	+0%	1.000	+0%	1.000	+0%
Book Value Per Share	-	-	372.085	319.995	+16%	223.435	+67%	298.315	+25%	218.177	+71%
Book Value Per Share Growth	-	-	0.057	0.126	-55%	-0.175	+408%	-0.030	+153%	0.049	+14%
Current Ratio	-	-	0.186	0.195	-5%	0.179	+4%	0.300	-38%	0.150	+24%
Debt To Asset Ratio	-	-	0.855	0.876	-2%	0.911	-6%	0.891	-4%	0.548	+56%
Debt To Equity Ratio	-	-	9.123	10.284	-11%	11.798	-23%	11.997	-24%	7.027	+30%
Dividend Per Share	-	-	-	0.041	-100%	0.173	-100%	0.095	-100%	0.048	-100%
Eps	-	-	1.885	-0.661	+135%	-2.155	+214%	-0.085	+105%	2.293	-18%
Eps Growth	-	-	0.658	1.926	-66%	3.504	-81%	1.190	-45%	0.104	+532%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Net Profit Margin	-	-	0.115	-0.109	+195%	-0.075	+166%	-0.026	+122%	0.265	-57%
Operating Margin	-	-	-	-	0%	0.032	-100%	0.039	-100%	0.019	-100%
Operating Ratio	-	-	-0.347	1.513	-123%	3.074	-111%	2.762	-113%	1.381	-125%
Pb Ratio	0.495	+11%	0.441	0.631	-30%	0.539	-18%	0.447	-1%	0.616	-28%
Pe Ratio	97.635	+11%	87.022	191.905	-55%	77.149	+13%	79.029	+10%	68.284	+27%
Peg Ratio	-	-	132.329	-22.679	+117%	860.835	-85%	204.467	-35%	-45.577	+134%
Price Per Share	184.000	+11%	164.000	189.250	-13%	110.750	+48%	124.778	+31%	107.861	+52%
Price To Total Gains Ratio	8.729	+11%	7.781	12.274	-37%	-3.288	+142%	-0.533	+107%	6.410	+21%
Profit Growth	-	-	99.997	50.014	+100%	50.030	+100%	44.449	+125%	72.215	+38%
Quick Ratio	-	-	0.232	0.279	-17%	0.272	-15%	0.232	+0%	0.116	+100%
Return On Assets	-	-	0.001	0.000	+135%	-0.001	+205%	0.000	+106%	0.010	-92%
Return On Equity	-	-	0.008	-0.003	+136%	-0.011	+244%	0.000	+106%	0.017	-54%
Revenue Growth	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Total Gains Per Share	-	-	21.078	45.483	-54%	-34.043	+262%	2.274	+827%	10.383	+103%
Total Gains Per Share Growth	-	-	1.586	-3.088	+295%	3.486	-54%	0.105	+1407%	-1.207	+176%
Usd Book Value	-	-	374488933.100	322061703.425	+16%	224878386.550	+67%	300241824.606	+25%	219586154.112	+71%
Usd Book Value Change Per Share	-	-	0.002	0.005	-54%	-0.003	+262%	0.000	+868%	0.001	+104%
Usd Book Value Per Share	-	-	0.037	0.032	+16%	0.022	+67%	0.030	+25%	0.022	+71%
Usd Dividend Per Share	-	-	-	0.000	-100%	0.000	-100%	0.000	-100%	0.000	-100%
Usd Eps	-	-	0.000	0.000	+135%	0.000	+214%	0.000	+105%	0.000	-18%
Usd Price Per Share	0.018	+11%	0.016	0.019	-13%	0.011	+48%	0.012	+31%	0.011	+52%
Usd Profit	-	-	1896748.000	-664927.050	+135%	-2168514.850	+214%	-85686.094	+105%	2308042.474	-18%
Usd Revenue	-	-	16530283.400	22762277.925	-27%	26698460.175	-38%	32799153.550	-50%	24316507.636	-32%
Usd Total Gains Per Share	-	-	0.002	0.005	-54%	-0.003	+262%	0.000	+827%	0.001	+103%
	EOD	+2 -3	MRQ	TTM	+17 -16	YOY	+24 -10	5Y	+25 -9	10Y	+18 -16

3.2. Fundamental Score

Let's check the fundamental score of Victoria Investama Tbk based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	97.635
Price to Book Ratio (EOD)	Between	0-1	0.495
Net Profit Margin (MRQ)	Greater than	0	0.115
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.232
Current Ratio (MRQ)	Greater than	1	0.186
Debt to Asset Ratio (MRQ)	Less than	1	0.855
Debt to Equity Ratio (MRQ)	Less than	1	9.123
Return on Equity (MRQ)	Greater than	0.15	0.008
Return on Assets (MRQ)	Greater than	0.05	0.001
Total			3/10 (30.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

3.3. Technical Score

Let's check the technical score of Victoria Investama Tbk based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	36.728
Ma 20	Greater than	Ma 50	213.704
Ma 50	Greater than	Ma 100	220.441
Ma 100	Greater than	Ma 200	190.431
Open	Greater than	Close	193.000
Total			3/5 (60.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
Create your own Symbol Scanner

Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

		2021-06-30		2021-09-30		2021-12-31		2022-03-31		2022-06-30
Net Interest Income		349,985,169	-290,320,328	59,664,841	174,414,339	234,079,180	-166,965,818	67,113,362	-136,831,001	-69,717,639
Cost of Revenue		189,242,916	378,301	189,621,217	-16,334,549	173,286,668	123,802,800	297,089,468	-365,192,457	-68,102,989

Latest Balance Sheet

Balance Sheet of 2022-06-30. Currency in IDR. All numbers in thousands.

Summary

Total Assets	25,793,143,652
Total Liabilities	22,048,254,321
Total Stockholder Equity	2,416,651,437

	As reported
Total Liabilities	22,048,254,321
Total Stockholder Equity	+ 2,416,651,437
Total Assets	= 25,793,143,652

Assets

Total Assets	25,793,143,652
Total Current Assets	3,868,726,522
Long-term Assets	3,868,726,522

Total Current Assets

Total Current Assets (as reported)	3,868,726,522
Cash And Cash Equivalents	2,055,791,874
Short-term Investments	2,637,998,981
Net Receivables	129,262,846
Other Current Assets	443,527,880
Total Current Assets (calculated)	5,266,581,581
+/-	1,397,855,059

Long-term Assets

Long-term Assets (as reported)	3,961,035,905
Property Plant Equipment	461,437,698
Goodwill	5,103,149
Intangible Assets	4,777,763
Long-term Assets Other	56,970,345
Long-term Assets (calculated)	528,288,955
+/-	3,432,746,950

Liabilities & Shareholders' Equity

Total Current Liabilities	20,781,674,974
Long-term Liabilities	1,192,856,699
Total Stockholder Equity	2,416,651,437

Total Current Liabilities

Total Current Liabilities (as reported)	20,781,674,974
Short Long Term Debt	524,936,443
Accounts payable	19,220,082,941
Other Current Liabilities	48,713,761
Total Current Liabilities (calculated)	19,793,733,145
+/-	987,941,829

Long-term Liabilities

Long-term Liabilities (as reported)	1,192,856,699
Long term Debt Total	25,577,593
Long term Debt	789,246,416
Other Liabilities	449,601,521
Long-term Liabilities Other	323,886,459
Long-term Liabilities (calculated)	1,588,311,989
+/-	395,455,290

Total Stockholder Equity

Total Stockholder Equity (as reported)	2,416,651,437
Common Stock	1,006,456,836
Retained Earnings	707,012,654
Capital Surplus	262,176,990
Other Stockholders Equity	201,723,882
Total Stockholder Equity (calculated)	2,177,370,362
+/-	239,281,075

Other

Capital Stock	1,006,456,836
Cash And Equivalents	2,055,791,874
Cash and Short Term Investments	2,055,791,874
Common Stock Shares Outstanding	10,064,568
Liabilities and Stockholders Equity	25,793,143,652
Net Invested Capital	3,730,834,296
Net Tangible Assets	2,406,770,525
Net Working Capital	976,710,125

Balance Sheet

Currency in IDR. All numbers in thousands.

Trend

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-03-31

2011-12-31

2010-12-31

> Total Assets

719,108,171
751,899,760
0
772,642,322
0
893,414,864
975,604,708
1,000,399,962
988,915,415
1,007,327,541
1,052,665,088
1,114,593,191
1,153,235,078
1,106,541,825
1,176,340,269
1,288,666,570
1,291,605,232
1,393,250,643
1,589,595,795
26,500,836,521
27,264,382,469
27,824,344,030
29,087,810,285
29,446,129,354
30,494,670,486
30,280,180,103
28,061,159,583
30,815,122,948
29,011,537,580
29,753,024,294
30,595,557,596
31,243,747,963
27,700,540,300
25,516,408,592
24,975,787,927
26,961,960,681
24,563,008,401
25,040,612,884
25,265,269,732
25,942,150,369
26,505,493,886
25,793,143,652

25,793,143,652

26,505,493,886

25,942,150,369

25,265,269,732

25,040,612,884

24,563,008,401

26,961,960,681

24,975,787,927

25,516,408,592

27,700,540,300

31,243,747,963

30,595,557,596

29,753,024,294

29,011,537,580

30,815,122,948

28,061,159,583

30,280,180,103

30,494,670,486

29,446,129,354

29,087,810,285

27,824,344,030

27,264,382,469

26,500,836,521

1,589,595,795

1,393,250,643

1,291,605,232

1,288,666,570

1,176,340,269

1,106,541,825

1,153,235,078

1,114,593,191

1,052,665,088

1,007,327,541

988,915,415

1,000,399,962

975,604,708

893,414,864

772,642,322

751,899,760

719,108,171

> Total Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,859,757,169
6,714,256,873
18,811,687,005
23,140,676,533
24,179,453,064
5,054,171,080
4,259,104,764
4,285,768,967
3,703,788,191
5,002,543,907
3,130,184,961
3,257,698,021
4,387,422,796
4,419,227,451
3,616,551,783
3,868,726,522

3,868,726,522

3,616,551,783

4,419,227,451

4,387,422,796

3,257,698,021

3,130,184,961

5,002,543,907

3,703,788,191

4,285,768,967

4,259,104,764

5,054,171,080

24,179,453,064

23,140,676,533

18,811,687,005

6,714,256,873

3,859,757,169

Cash And Cash Equivalents

19,784,510
26,662,222
0
9,694,590
0
4,012,356
4,163,799
58,533,977
57,474,507
30,287,952
15,882,926
27,986,539
28,810,968
54,372,934
83,722,021
35,269,275
52,046,389
16,843,568
119,618,861
3,013,116,732
2,517,575,285
2,555,271,177
2,544,075,037
4,033,091,295
3,356,477,923
2,520,603,073
2,301,967,675
4,104,064,531
1,967,095,025
2,306,147,800
2,341,747,384
2,286,736,072
2,029,175,062
1,427,486,711
1,300,165,419
2,556,290,042
1,186,046,319
1,385,950,783
2,336,918,464
1,905,758,111
1,527,798,681
2,055,791,874

2,055,791,874

1,527,798,681

1,905,758,111

2,336,918,464

1,385,950,783

1,186,046,319

2,556,290,042

1,300,165,419

1,427,486,711

2,029,175,062

2,286,736,072

2,341,747,384

2,306,147,800

1,967,095,025

4,104,064,531

2,301,967,675

2,520,603,073

3,356,477,923

4,033,091,295

2,544,075,037

2,555,271,177

2,517,575,285

3,013,116,732

119,618,861

16,843,568

52,046,389

35,269,275

83,722,021

54,372,934

28,810,968

27,986,539

15,882,926

30,287,952

57,474,507

58,533,977

4,163,799

4,012,356

9,694,590

26,662,222

19,784,510

Short-term Investments

130,874,388
19,744,444
0
29,516,667
0
88,403,333
34,451,667
68,593,194
78,588,422
75,323,083
67,910,000
89,839,167
59,802,500
14,790,000
14,790,000
21,662,000
19,704,083
14,802,083
56,510,694
54,542,917
42,695,833
59,137,778
49,913,194
49,613,889
49,551,806
49,743,194
29,700,000
1,024,747,859
19,006,240
3,691,981,838
4,594,207,867
4,523,610,245
3,975,663,735
3,468,820,728
3,779,753,001
4,219,762,074
4,069,141,530
4,010,360,636
3,400,243,447
4,423,361,810
4,439,958,326
2,637,998,981

2,637,998,981

4,439,958,326

4,423,361,810

3,400,243,447

4,010,360,636

4,069,141,530

4,219,762,074

3,779,753,001

3,468,820,728

3,975,663,735

4,523,610,245

4,594,207,867

3,691,981,838

19,006,240

1,024,747,859

29,700,000

49,743,194

49,551,806

49,613,889

49,913,194

59,137,778

42,695,833

54,542,917

56,510,694

14,802,083

19,704,083

21,662,000

14,790,000

59,802,500

89,839,167

67,910,000

75,323,083

78,588,422

68,593,194

34,451,667

88,403,333

29,516,667

19,744,444

130,874,388

Net Receivables

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
58,599,131
44,458,344
27,250,730
63,435,544
16,806,948,543
55,413,504
43,192,468
60,030,379
82,706,138
139,124,200
71,776,673
58,453,995
148,834,279
154,068,515
157,653,254
129,262,846

129,262,846

157,653,254

154,068,515

148,834,279

58,453,995

71,776,673

139,124,200

82,706,138

60,030,379

43,192,468

55,413,504

16,806,948,543

63,435,544

27,250,730

44,458,344

58,599,131

Other Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
496,465,349
434,148,181
47,894,623
35,874,742
418,952,017
365,083,930
437,723,463
269,382,491
361,979,749
359,883,574
472,203,094
437,047,775
418,388,924
409,056,808
497,763,112
443,527,880

443,527,880

497,763,112

409,056,808

418,388,924

437,047,775

472,203,094

359,883,574

361,979,749

269,382,491

437,723,463

365,083,930

418,952,017

35,874,742

47,894,623

434,148,181

496,465,349

> Long-term Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,199,850,575
6,612,347,761
6,416,104,532
5,870,898,655
4,673,589,666
4,099,641,414
5,070,489,943
5,478,727,023
5,112,410,464
4,955,373,911
4,809,574,104
4,299,411,880
4,814,123,253
3,961,035,905

3,961,035,905

4,814,123,253

4,299,411,880

4,809,574,104

4,955,373,911

5,112,410,464

5,478,727,023

5,070,489,943

4,099,641,414

4,673,589,666

5,870,898,655

6,416,104,532

6,612,347,761

10,199,850,575

Property Plant Equipment

7,521,741
8,485,943
0
6,538,843
0
6,078,291
6,017,488
4,243,075
3,832,740
3,453,002
3,124,991
3,135,201
2,814,883
3,034,297
2,639,946
2,288,769
2,818,178
3,723,888
4,025,898
548,243,195
549,084,961
545,830,882
555,112,373
531,435,551
528,774,409
539,393,102
537,441,723
544,030,482
540,411,085
535,828,845
531,720,642
529,228,073
516,548,706
507,937,579
497,856,534
572,564,466
475,957,160
537,761,101
527,169,246
520,874,185
465,138,624
461,437,698

461,437,698

465,138,624

520,874,185

527,169,246

537,761,101

475,957,160

572,564,466

497,856,534

507,937,579

516,548,706

529,228,073

531,720,642

535,828,845

540,411,085

544,030,482

537,441,723

539,393,102

528,774,409

531,435,551

555,112,373

545,830,882

549,084,961

548,243,195

4,025,898

3,723,888

2,818,178

2,288,769

2,639,946

3,034,297

2,814,883

3,135,201

3,124,991

3,453,002

3,832,740

4,243,075

6,017,488

6,078,291

6,538,843

8,485,943

7,521,741

Goodwill

5,103,149
5,103,149
0
5,103,149
0
5,103,149
5,103,149
5,103,149
5,103,149
5,103,149
5,103,149
0
0
0
0
0
0
0
0
5,103,149
5,103,149
5,103,149
5,103,149
5,103,149
5,103,149
5,103,149
5,103,149
5,103,149
5,103,149
5,103,149
5,103,149
5,103,149
5,103,149
5,103,149
5,103,149
5,103,149
5,103,149
5,103,149
5,103,149
5,103,149
5,103,149
5,103,149

5,103,149

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,419,708,404
7,213,755,232
8,402,634,354
8,348,503,198
9,140,931,095
0
0
0
0
0
0
0
0
0
0
0

9,140,931,095

8,348,503,198

8,402,634,354

7,213,755,232

7,419,708,404

Intangible Assets

5,103,149
5,103,149
0
5,103,149
0
5,103,149
5,103,149
5,103,149
5,103,149
5,103,149
5,103,149
0
0
0
0
0
0
0
0
10,179,379
11,141,225
11,491,921
11,558,797
11,139,847
10,658,151
10,502,858
6,818,192
8,653,753
8,268,544
7,648,245
12,296,333
7,546,157
6,929,656
6,136,285
5,863,685
13,839,732
13,201,930
12,508,976
11,451,984
5,429,837
5,165,374
4,777,763

4,777,763

5,165,374

5,429,837

11,451,984

12,508,976

13,201,930

13,839,732

5,863,685

6,136,285

6,929,656

7,546,157

12,296,333

7,648,245

8,268,544

8,653,753

6,818,192

10,502,858

10,658,151

11,139,847

11,558,797

11,491,921

11,141,225

10,179,379

5,103,149

Long-term Assets Other

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,005,794,992
1,194,909,473
1,138,696,687
1,137,617,719
1,174,917,083
1,303,943,218
1,732,795,541
35,033,012
1,409,861,307
1,355,969,576
1,323,560,850
1,175,811,133
1,102,829,095
56,970,345

56,970,345

1,102,829,095

1,175,811,133

1,323,560,850

1,355,969,576

1,409,861,307

35,033,012

1,732,795,541

1,303,943,218

1,174,917,083

1,137,617,719

1,138,696,687

1,194,909,473

1,005,794,992

> Total Liabilities

370,006,705
172,781,230
0
83,269,794
0
125,480,195
35,138,365
75,660,388
40,609,939
53,963,469
67,717,260
97,718,345
111,492,845
46,901,837
75,300,673
57,511,481
66,315,454
63,144,613
114,447,881
23,414,092,724
24,056,542,041
24,474,064,850
25,686,794,697
26,094,768,819
27,112,580,448
26,992,329,289
24,794,567,082
27,527,327,951
25,638,043,153
26,245,217,561
28,588,963,832
27,740,028,020
24,556,636,758
22,223,495,295
21,724,554,368
25,011,126,445
22,685,394,744
23,125,158,874
23,317,587,741
22,284,997,984
22,972,749,456
22,048,254,321

22,048,254,321

22,972,749,456

22,284,997,984

23,317,587,741

23,125,158,874

22,685,394,744

25,011,126,445

21,724,554,368

22,223,495,295

24,556,636,758

27,740,028,020

28,588,963,832

26,245,217,561

25,638,043,153

27,527,327,951

24,794,567,082

26,992,329,289

27,112,580,448

26,094,768,819

25,686,794,697

24,474,064,850

24,056,542,041

23,414,092,724

114,447,881

63,144,613

66,315,454

57,511,481

75,300,673

46,901,837

111,492,845

97,718,345

67,717,260

53,963,469

40,609,939

75,660,388

35,138,365

125,480,195

83,269,794

172,781,230

370,006,705

> Total Current Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
24,466,345,772
25,994,126,141
23,121,400,595
21,387,650,946
23,689,400,350
26,008,743,565
24,111,826,288
21,879,068,497
21,451,208,884
22,225,796,342
19,938,013,332
20,305,700,638
20,682,704,618
20,718,360,198
21,444,147,561
20,781,674,974

20,781,674,974

21,444,147,561

20,718,360,198

20,682,704,618

20,305,700,638

19,938,013,332

22,225,796,342

21,451,208,884

21,879,068,497

24,111,826,288

26,008,743,565

23,689,400,350

21,387,650,946

23,121,400,595

25,994,126,141

24,466,345,772

Short-term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,496,290,327
305,814,575
1,514,075,485
1,498,202,815
9,695,000
1,010,856,596
2,820
1,035,062,760
197,872,400
700,000
0
102,918,100
200,000
1,000,000
0
0

1,000,000

200,000

102,918,100

700,000

197,872,400

1,035,062,760

2,820

1,010,856,596

9,695,000

1,498,202,815

1,514,075,485

305,814,575

1,496,290,327

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,496,290,327
305,814,575
1,557,826,392
92,872,478
52,457,068
354,022,347
71,948,869
46,410,320
50,242,000
228,624,337
20,926,000
24,810,000
32,169,500
232,074,649
332,463,000
524,936,443

524,936,443

332,463,000

232,074,649

32,169,500

24,810,000

20,926,000

228,624,337

50,242,000

46,410,320

71,948,869

354,022,347

52,457,068

92,872,478

1,557,826,392

305,814,575

1,496,290,327

Accounts payable

82,306,617
52,114,412
0
10,035,996
0
23,129,794
11,677,427
29,542,880
6,321,829
24,531,944
24,760,766
15,677,531
43,168,261
9,423,726
8,415,009
8,081,592
7,414,237
6,487,770
13,326,541
35,434,182
12,983,447
10,361,873
7,589,955
15,899,749
14,569,959
20,637,558
21,706,113,626
22,591,023,761
245,484,945
370,728,890
466,934,959
23,979,754,908
21,614,249,406
18,463,915,001
19,343,709,457
20,172,240,404
19,227,399,385
19,393,160,275
19,035,380,033
19,469,618,632
20,011,846,101
19,220,082,941

19,220,082,941

20,011,846,101

19,469,618,632

19,035,380,033

19,393,160,275

19,227,399,385

20,172,240,404

19,343,709,457

18,463,915,001

21,614,249,406

23,979,754,908

466,934,959

370,728,890

245,484,945

22,591,023,761

21,706,113,626

20,637,558

14,569,959

15,899,749

7,589,955

10,361,873

12,983,447

35,434,182

13,326,541

6,487,770

7,414,237

8,081,592

8,415,009

9,423,726

43,168,261

15,677,531

24,760,766

24,531,944

6,321,829

29,542,880

11,677,427

23,129,794

10,035,996

52,114,412

82,306,617

Other Current Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
154,118,159
259,306,282
20,965,378,341
20,788,602,596
1,261,002,280
125,089,705
137,118,502
71,177,246
82,701,915
84,559,680
44,925,893
73,066,264
101,990,395
51,553,613
43,880,024
48,713,761

48,713,761

43,880,024

51,553,613

101,990,395

73,066,264

44,925,893

84,559,680

82,701,915

71,177,246

137,118,502

125,089,705

1,261,002,280

20,788,602,596

20,965,378,341

259,306,282

154,118,159

> Long-term Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,516,642,558
4,857,566,615
3,366,863,370
3,136,837,127
3,222,626,209
3,038,581,733
2,867,619,021
1,465,255,155
1,787,553,268
1,641,928,756
2,985,193,458
1,483,778,319
1,428,923,923
1,192,856,699

1,192,856,699

1,428,923,923

1,483,778,319

2,985,193,458

1,641,928,756

1,787,553,268

1,465,255,155

2,867,619,021

3,038,581,733

3,222,626,209

3,136,837,127

3,366,863,370

4,857,566,615

2,516,642,558

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
52,457,068
54,254,414
71,948,869
46,410,320
50,242,000
60,378,025
20,926,000
24,810,000
32,169,500
81,064,000
32,463,000
25,577,593

25,577,593

32,463,000

81,064,000

32,169,500

24,810,000

20,926,000

60,378,025

50,242,000

46,410,320

71,948,869

54,254,414

52,457,068

Capital Lease Obligations Min Short Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-1,496,290,327
-305,814,575
-1,514,075,485
-1,498,202,815
-9,695,000
-1,010,856,596
-2,820
-1,035,062,760
-197,872,400
-700,000
0
-73,920,557
23,298,029
-1,000,000
0
0

-1,000,000

23,298,029

-73,920,557

-700,000

-197,872,400

-1,035,062,760

-2,820

-1,010,856,596

-9,695,000

-1,498,202,815

-1,514,075,485

-305,814,575

-1,496,290,327

Long-term Liabilities Other

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,278,348,345
1,298,298,882
9,695,000
10,855,875
2,821
2,820
328,100
54,500,000
156,793,372
226,477,789
316,512,682
241,863,591
350,364,885
323,886,459

323,886,459

350,364,885

241,863,591

316,512,682

226,477,789

156,793,372

54,500,000

328,100

2,820

2,821

10,855,875

9,695,000

1,298,298,882

1,278,348,345

> Total Stockholder Equity

348,671,255
574,392,485
579,118,530
684,582,174
689,372,529
765,561,248
938,108,826
922,329,567
945,807,361
950,803,080
982,345,938
1,014,303,783
1,038,574,757
1,056,392,022
1,060,264,590
1,180,184,534
1,177,064,606
1,283,118,008
1,438,447,626
1,913,574,641
1,979,695,127
2,129,013,037
2,161,346,829
2,052,512,338
2,113,930,146
2,006,703,806
2,083,719,523
2,011,379,581
1,929,385,945
1,949,415,636
2,006,593,764
2,117,544,827
1,919,347,918
2,130,040,527
2,126,333,430
1,950,834,236
1,877,613,657
1,915,454,010
1,947,681,991
2,314,466,961
2,206,229,496
2,416,651,437

2,416,651,437

2,206,229,496

2,314,466,961

1,947,681,991

1,915,454,010

1,877,613,657

1,950,834,236

2,126,333,430

2,130,040,527

1,919,347,918

2,117,544,827

2,006,593,764

1,949,415,636

1,929,385,945

2,011,379,581

2,083,719,523

2,006,703,806

2,113,930,146

2,052,512,338

2,161,346,829

2,129,013,037

1,979,695,127

1,913,574,641

1,438,447,626

1,283,118,008

1,177,064,606

1,180,184,534

1,060,264,590

1,056,392,022

1,038,574,757

1,014,303,783

982,345,938

950,803,080

945,807,361

922,329,567

938,108,826

765,561,248

689,372,529

684,582,174

579,118,530

574,392,485

348,671,255

Common Stock

155,000,000
260,000,000
0
260,000,000
0
615,000,000
735,000,000
735,000,000
735,000,000
735,000,000
735,000,005
774,200,005
774,200,018
774,200,018
774,200,018
774,200,018
774,200,018
807,752,818
915,009,468
915,009,468
915,009,468
915,009,468
915,009,468
915,009,468
915,009,468
915,009,468
915,009,468
915,009,468
915,009,468
915,009,468
915,009,468
915,009,468
915,009,468
915,009,468
915,009,468
915,009,468
915,009,468
915,009,468
915,009,468
1,006,456,836
1,006,456,836
1,006,456,836

1,006,456,836

915,009,468

807,752,818

774,200,018

774,200,005

735,000,005

735,000,000

615,000,000

260,000,000

155,000,000

Retained Earnings Total Equity

Accumulated Other Comprehensive Income

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
78,845,897
78,845,897
78,845,897
78,845,897
78,845,897
78,845,897
78,845,897
78,845,897
78,845,897
265,914,240
265,914,240
262,176,990

262,176,990

265,914,240

78,845,897

Treasury Stock

Other Stockholders Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
222,076,476
152,247,431
49,904,552
40,558,029
-94,770,735
197,955,026
4,560,474
207,852,880
185,698,897
257,606,215
187,929,232
222,079,679
243,258,098
362,074,845
247,328,881
201,723,882

201,723,882

247,328,881

362,074,845

243,258,098

222,079,679

187,929,232

257,606,215

185,698,897

207,852,880

4,560,474

197,955,026

-94,770,735

40,558,029

49,904,552

152,247,431

222,076,476

Balance Sheet

Currency in IDR. All numbers in thousands.

	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31
Accounts Payable	19,469,618,632	20,172,240,404	23,979,754,908	22,591,023,761	22,706,862,013	21,086,253,003	12,381,748	15,677,531	29,542,880	10,035,996	52,114,412	82,306,616
Capital Stock	1,006,456,836	915,009,468	915,009,468	915,009,468	-	-	-	-	-	-	-	-
Capital Surpluse	265,914,240	78,845,897	78,845,897	78,845,897	78,845,897	77,330,262	37,738,963	-	-	-	-	-
Cash	1,905,758,111	2,556,290,042	2,286,736,072	4,104,064,531	4,033,091,295	3,013,116,732	35,269,274	27,986,539	58,533,977	9,694,590	26,662,222	19,784,510
Cash And Equivalents	1,905,758,111	2,556,290,042	2,286,736,072	4,104,064,531	4,033,091,295	3,013,116,732	-	-	-	-	-	-
Cash And Short Term Investments	1,905,758,111	2,556,290,042	2,286,736,072	4,104,064,531	4,033,091,295	3,013,116,732	35,269,274	-	-	-	-	-
Common Stock	1,006,456,836	915,009,468	915,009,468	915,009,468	915,009,468	915,009,468	774,200,018	774,200,005	735,000,000	260,000,000	260,000,000	155,000,000
Common Stock Shares Outstanding	10,064,568	9,150,095	9,150,095	9,150,095	9,150,095	9,150,095	-	-	-	-	-	-
Good Will	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	-	5,103,149	5,103,149	5,103,149	5,103,149
Intangible Assets	5,429,837	13,839,732	7,546,157	8,653,753	6,036,698	5,076,230	5,103,149	-	5,103,149	5,103,149	5,103,149	5,103,149
Inventory	1,154,056,605	1,367,711,889	1,105,207,216	1,054,019,933	287,638,231	532,102,252	-	-	-	-	-	-
Liabilities And Stockholders Equity	25,942,150,369	26,961,960,681	31,243,747,963	30,815,122,948	29,446,129,354	26,500,836,521	-	-	-	-	-	-
Long Term Debt	1,181,834,655	60,378,025	1,367,353,076	1,198,793,980	1,121,971,255	951,174,870	-	-	-	-	25,620,428	-
Long Term Debt Total	81,064,000	60,378,025	54,254,414	1,700,000	38,493,300	0	-	-	-	-	-	-
Long Term Investments	-	-	-	7,213,755,232	8,224,760,091	7,557,324,104	942,489,344	-	-	-	-	-
Net Debt	-	-	434,640,072	-	-	-	-	-	-	-	-	-
Net Invested Capital	3,728,376,265	3,495,937,994	3,838,920,250	3,517,688,136	3,212,976,893	-	-	-	-	-	-	-
Net Receivables	154,068,515	206,529,310	55,413,504	44,458,344	109,190,212	82,010,238	78,099,593	-	-	-	-	-
Net Tangible Assets	2,303,933,975	1,936,994,504	2,104,895,521	1,997,622,679	2,041,372,491	1,911,894,712	1,175,081,385	-	-	-	-	-
Net Working Capital	841,518,824	-878,477,348	769,658,415	6,119,924,793	5,061,541,843	-	-	-	-	-	-	-
Non Current Assets Total	4,299,411,880	5,478,727,023	5,870,898,655	1,813,903,645	986,814,301	1,219,098,268	-	-	-	-	-	-
Non Current Liabilities Other	241,863,591	54,500,000	10,855,875	120,000	1,473,687,572	-	-	-	-	-	-	-
Non Current Liabilities Total	1,483,778,319	1,465,255,155	3,136,837,127	4,646,033,441	2,696,995,609	2,195,576,002	-	-	-	-	-	-
Non Currrent Assets Other	1,175,811,133	35,033,012	1,137,617,719	1,074,410,770	327,650,100	540,023,083	-	-	-	-	-	-
Other Assets	15,071,610,572	14,502,918,150	17,251,662,337	16,329,323,459	15,745,615,514	14,390,425,445	1,340,671	79,272,167	62,446,736	38,855,845	16,124,802	10,211,600
Other Current Assets	409,056,808	292,363,785	365,083,930	434,148,181	391,780,993	299,102,231	37,613,851	-	-	-	-	-
Other Current Liab	51,553,613	84,559,680	124,884,709	259,306,282	144,193,015	91,376,872	13,204,455	-	-	-	-	-
Other Liab	365,909,580	253,323,872	363,931,379	334,407,830	160,436,776	104,975,900	25,784,525	50,020,934	19,085,271	9,439,366	11,647,731	3,929,162
Other Stockholder Equity	362,074,845	257,606,215	197,955,026	152,247,431	237,093,450	201,370,792	121,934,936	-	-	-	-	-
Property Plant Equipment	520,874,185	572,564,466	529,228,073	544,030,482	531,435,551	548,243,195	2,288,769	3,135,201	4,243,075	6,538,843	8,485,943	7,521,741
Retained Earnings	681,536,675	700,888,291	927,250,071	866,792,420	823,079,158	728,363,569	246,310,617	184,999,464	124,159,971	360,446,806	263,811,037	174,852,778
Short Long Term Debt	232,074,649	228,624,337	354,022,347	307,514,575	38,493,300	13,634,734	-	-	-	-	-	-
Short Long Term Debt Total	-	60,378,025	54,254,414	1,700,000	38,493,300	-	-	-	-	-	-	-
Short Term Debt	1,000,000	700,000	1,010,856,596	1,504,608,555	1,121,971,255	211,495,901	2,850,000	-	-	-	-	-
Short Term Investments	4,423,361,810	4,219,762,074	4,523,610,245	7,290,200,018	8,317,200,583	7,575,340,893	70,062,000	89,839,167	68,593,194	29,516,667	19,744,444	130,874,388
Total Assets	25,942,150,369	26,961,960,681	31,243,747,963	30,815,122,948	29,446,129,354	26,500,836,521	1,288,666,570	1,114,593,191	1,000,399,962	772,642,322	751,899,760	719,108,171
Total Current Assets	4,419,227,451	5,002,429,290	5,054,171,080	6,714,256,873	4,933,178,351	3,994,664,398	318,972,696	-	-	-	-	-
Total Current Liabilities	20,718,360,198	22,225,371,174	26,008,743,565	25,994,126,141	25,010,225,942	22,555,803,121	31,726,956	-	-	-	-	-
Total Liab	22,284,997,984	25,011,126,445	27,740,028,020	27,527,327,951	26,094,768,819	23,414,092,724	108,482,036	97,718,345	75,660,388	83,269,794	172,781,230	370,006,705
Total Stockholder Equity	2,314,466,961	1,950,834,236	2,117,544,827	2,011,379,581	2,052,512,338	1,913,574,641	1,180,184,534	1,014,303,783	922,329,566	684,582,174	574,392,485	348,671,255

	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-03-31	2011-12-31	2010-12-31
Accounts Payable	19,220,082,941	20,011,846,101	19,469,618,632	19,035,380,033	19,393,160,275	19,227,399,385	20,172,240,404	19,343,709,457	18,463,915,001	21,614,249,406	23,979,754,908	466,934,959	370,728,890	245,484,945	22,591,023,761	21,706,113,626	20,637,558	14,569,959	15,899,749	7,589,955	10,361,873	12,983,447	35,434,182	13,326,541	6,487,770	7,414,237	8,081,592	8,415,009	9,423,726	43,168,261	15,677,531	24,760,766	24,531,944	6,321,829	29,542,880	11,677,427	23,129,794	-	10,035,996	-	52,114,412	82,306,617
Capital Lease Obligations	-	-	-	23,498,029	28,997,543	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Stock	1,006,456,836	1,006,456,836	1,006,456,836	915,009,468	915,009,468	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Surpluse	262,176,990	265,914,240	265,914,240	78,845,897	78,845,897	78,845,897	78,845,897	78,845,897	78,845,897	78,845,897	78,845,897	78,845,897	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash	2,055,791,874	1,527,798,681	1,905,758,111	2,336,918,464	1,385,950,783	1,186,046,319	2,556,290,042	1,300,165,419	1,427,486,711	2,029,175,062	2,286,736,072	2,341,747,384	2,306,147,800	1,967,095,025	4,104,064,531	2,301,967,675	2,520,603,073	3,356,477,923	4,033,091,295	2,544,075,037	2,555,271,177	2,517,575,285	3,013,116,732	119,618,861	16,843,568	52,046,389	35,269,275	83,722,021	54,372,934	28,810,968	27,986,539	15,882,926	30,287,952	57,474,507	58,533,977	4,163,799	4,012,356	-	9,694,590	-	26,662,222	19,784,510
Cash And Equivalents	2,055,791,874	1,527,798,681	1,905,758,111	2,336,918,464	1,385,950,783	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash And Short Term Investments	2,055,791,874	1,527,798,681	1,905,758,111	2,336,918,464	1,385,950,783	1,186,046,319	2,556,290,042	1,300,165,419	1,427,486,711	2,029,175,062	2,286,736,072	2,341,747,384	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock	1,006,456,836	1,006,456,836	1,006,456,836	915,009,468	915,009,468	915,009,468	915,009,468	915,009,468	915,009,468	915,009,468	915,009,468	915,009,468	915,009,468	915,009,468	915,009,468	915,009,468	915,009,468	915,009,468	915,009,468	915,009,468	915,009,468	915,009,468	915,009,468	915,009,468	807,752,818	774,200,018	774,200,018	774,200,018	774,200,018	774,200,018	774,200,005	735,000,005	735,000,000	735,000,000	735,000,000	735,000,000	615,000,000	-	260,000,000	-	260,000,000	155,000,000
Common Stock Shares Outstanding	10,064,568	10,064,568	10,064,568	9,150,095	9,150,095	9,150,095	9,150,095	9,150,095	9,150,095	9,150,095	9,150,095	9,149,962	9,150,139	9,150,129	9,149,741	9,150,309	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Good Will	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	-	-	-	-	-	-	-	-	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	-	5,103,149	-	5,103,149	5,103,149
Intangible Assets	4,777,763	5,165,374	5,429,837	11,451,984	12,508,976	13,201,930	13,839,732	5,863,685	6,136,285	6,929,656	7,546,157	12,296,333	7,648,245	8,268,544	8,653,753	6,818,192	10,502,858	10,658,151	11,139,847	11,558,797	11,491,921	11,141,225	10,179,379	-	-	-	-	-	-	-	-	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	5,103,149	-	5,103,149	-	5,103,149	5,103,149
Inventory	1,034,942,662	1,099,842,064	1,154,056,605	1,260,863,776	1,286,832,127	1,288,482,224	1,367,711,889	1,702,025,539	1,266,974,883	1,154,423,921	1,105,207,216	1,110,105,456	1,179,159,225	988,173,032	1,054,019,933	911,161,283	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities And Stockholders Equity	25,793,143,652	26,505,493,886	25,942,150,369	25,265,269,732	25,040,612,884	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	789,246,416	1,021,986,137	1,181,834,655	32,169,500	24,810,000	20,926,000	60,378,025	1,427,742,027	1,449,989,826	1,668,268,925	1,367,353,076	52,457,068	1,498,202,815	43,750,907	1,198,793,980	-	-	-	924,106,101	1,138,716,811	766,396,498	967,391,295	753,313,703	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,620,428	-
Long Term Debt Total	25,577,593	32,463,000	81,064,000	32,169,500	24,810,000	20,926,000	60,378,025	50,242,000	46,410,320	71,948,869	54,254,414	52,457,068	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Investments	-	-	-	-	-	-	-	-	-	-	-	9,140,931,095	8,348,503,198	8,402,634,354	7,213,755,232	7,419,708,404	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Debt	-	-	-	-	-	318,275,205	-	375,691,008	1,103,973,375	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Invested Capital	3,730,834,296	3,560,678,633	3,728,376,265	3,310,674,064	3,247,299,984	3,381,935,181	3,495,937,994	3,604,317,457	3,626,440,673	3,659,565,712	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Receivables	129,262,846	157,653,254	154,068,515	148,834,279	58,453,995	71,776,673	139,124,200	82,706,138	60,030,379	43,192,468	55,413,504	16,806,948,543	63,435,544	27,250,730	44,458,344	58,599,131	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Tangible Assets	2,406,770,525	2,195,960,973	2,303,933,975	1,936,230,007	1,902,945,034	1,864,411,727	1,936,994,504	2,115,366,596	2,118,801,093	1,907,315,113	2,104,895,521	1,994,297,431	1,936,664,242	1,916,014,252	1,997,622,679	2,071,798,182	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Working Capital	976,710,125	147,545,100	841,518,824	1,389,380,995	-142,446,228	-311,310,095	-878,477,348	1,048,362,636	2,231,853,616	1,692,940,084	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	3,961,035,905	4,814,123,253	4,299,411,880	4,809,574,104	4,955,373,911	5,112,410,464	5,478,727,023	5,070,489,943	4,099,641,414	4,673,589,666	5,870,898,655	6,416,104,532	6,612,347,761	10,199,850,575	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Other	323,886,459	350,364,885	241,863,591	316,512,682	226,477,789	156,793,372	54,500,000	328,100	2,820	2,821	10,855,875	9,695,000	1,298,298,882	1,278,348,345	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Total	1,192,856,699	1,428,923,923	1,483,778,319	2,985,193,458	1,641,928,756	1,787,553,268	1,465,255,155	2,867,619,021	3,038,581,733	3,222,626,209	3,136,837,127	3,366,863,370	4,857,566,615	2,516,642,558	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Currrent Assets Other	56,970,345	1,102,829,095	1,175,811,133	1,323,560,850	1,355,969,576	1,409,861,307	35,033,012	1,732,795,541	1,303,943,218	1,174,917,083	1,137,617,719	1,138,696,687	1,194,909,473	1,005,794,992	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Assets	15,758,592,820	15,112,507,200	15,071,610,572	14,482,991,217	14,523,233,237	14,085,283,903	14,502,803,533	14,495,925,189	15,331,738,732	16,394,298,488	17,251,662,337	161,148,691	16,835,035,450	16,387,858,821	16,329,323,459	16,232,330,946	897,667,242	545,371,249	455,024,966	646,561,454	752,309,251	702,082,110	701,061,214	128,487,479	118,788,238	135,665,690	93,709,938	76,767,814	66,900,452	80,435,800	79,272,167	60,033,081	78,237,649	63,808,339	62,446,736	130,890,996	72,596,324	-	41,030,011	-	16,124,802	10,211,600
Other Current Assets	443,527,880	497,763,112	409,056,808	418,388,924	437,047,775	472,203,094	359,883,574	361,979,749	269,382,491	437,723,463	365,083,930	418,952,017	35,874,742	47,894,623	434,148,181	496,465,349	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Current Liab	48,713,761	43,880,024	51,553,613	101,990,395	73,066,264	44,925,893	84,559,680	82,701,915	71,177,246	137,118,502	125,089,705	1,261,002,280	20,788,602,596	20,965,378,341	259,306,282	154,118,159	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Liab	449,601,521	480,781,976	365,909,580	320,082,171	256,877,343	280,212,740	252,898,704	273,345,484	344,426,798	444,810,470	363,931,379	428,078,680	325,407,209	321,691,512	334,407,830	328,221,310	25,414,910,655	25,963,059,248	24,918,404,365	24,516,287,781	23,687,470,741	23,020,028,361	22,311,519,598	82,121,340	56,566,602	58,901,217	46,579,888	63,885,664	33,078,111	46,824,584	51,836,945	25,696,848	16,646,395	14,867,031	20,661,347	12,417,837	9,520,724	-	10,074,392	-	13,187,123	4,621,370
Other Stockholder Equity	201,723,882	247,328,881	362,074,845	243,258,098	222,079,679	187,929,232	257,606,215	185,698,897	207,852,880	4,560,474	197,955,026	-94,770,735	40,558,029	49,904,552	152,247,431	222,076,476	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant Equipment	461,437,698	465,138,624	520,874,185	527,169,246	537,761,101	475,957,160	572,564,466	497,856,534	507,937,579	516,548,706	529,228,073	531,720,642	535,828,845	540,411,085	544,030,482	537,441,723	539,393,102	528,774,409	531,435,551	555,112,373	545,830,882	549,084,961	548,243,195	4,025,898	3,723,888	2,818,178	2,288,769	2,639,946	3,034,297	2,814,883	3,135,201	3,124,991	3,453,002	3,832,740	4,243,075	6,017,488	6,078,291	-	6,538,843	-	8,485,943	7,521,741
Retained Earnings	707,012,654	688,045,174	681,536,675	712,084,163	701,034,601	697,344,695	700,888,291	948,294,803	929,847,917	922,447,714	927,250,071	918,547,365	909,517,877	887,141,663	866,792,420	869,303,317	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Long Term Debt	524,936,443	332,463,000	232,074,649	32,169,500	24,810,000	20,926,000	228,624,337	50,242,000	46,410,320	71,948,869	354,022,347	52,457,068	92,872,478	1,557,826,392	305,814,575	1,496,290,327	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Long Term Debt Total	-	-	-	32,169,500	24,810,000	20,926,000	60,378,025	50,242,000	46,410,320	71,948,869	54,254,414	52,457,068	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Term Debt	0	0	1,000,000	200,000	102,918,100	-	700,000	197,872,400	1,035,062,760	2,820	1,010,856,596	9,695,000	1,498,202,815	1,514,075,485	305,814,575	1,496,290,327	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Term Investments	2,637,998,981	4,439,958,326	4,423,361,810	3,400,243,447	4,010,360,636	4,069,141,530	4,219,762,074	3,779,753,001	3,468,820,728	3,975,663,735	4,523,610,245	4,594,207,867	3,691,981,838	19,006,240	1,024,747,859	29,700,000	49,743,194	49,551,806	49,613,889	49,913,194	59,137,778	42,695,833	54,542,917	56,510,694	14,802,083	19,704,083	21,662,000	14,790,000	14,790,000	59,802,500	89,839,167	67,910,000	75,323,083	78,588,422	68,593,194	34,451,667	88,403,333	-	29,516,667	-	19,744,444	130,874,388
Total Assets	25,793,143,652	26,505,493,886	25,942,150,369	25,265,269,732	25,040,612,884	24,563,008,401	26,961,960,681	24,975,787,927	25,516,408,592	27,700,540,300	31,243,747,963	30,595,557,596	29,753,024,294	29,011,537,580	30,815,122,948	28,061,159,583	30,280,180,103	30,494,670,486	29,446,129,354	29,087,810,285	27,824,344,030	27,264,382,469	26,500,836,521	1,589,595,795	1,393,250,643	1,291,605,232	1,288,666,570	1,176,340,269	1,106,541,825	1,153,235,078	1,114,593,191	1,052,665,088	1,007,327,541	988,915,415	1,000,399,962	975,604,708	893,414,864	-	772,642,322	-	751,899,760	719,108,171
Total Current Assets	3,868,726,522	3,616,551,783	4,419,227,451	4,387,422,796	3,257,698,021	3,130,184,961	5,002,543,907	3,703,788,191	4,285,768,967	4,259,104,764	5,054,171,080	24,179,453,064	23,140,676,533	18,811,687,005	6,714,256,873	3,859,757,169	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Current Liabilities	20,781,674,974	21,444,147,561	20,718,360,198	20,682,704,618	20,305,700,638	19,938,013,332	22,225,796,342	21,451,208,884	21,879,068,497	24,111,826,288	26,008,743,565	23,689,400,350	21,387,650,946	23,121,400,595	25,994,126,141	24,466,345,772	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Liab	22,048,254,321	22,972,749,456	22,284,997,984	23,317,587,741	23,125,158,874	22,685,394,744	25,011,126,445	21,724,554,368	22,223,495,295	24,556,636,758	27,740,028,020	28,588,963,832	26,245,217,561	25,638,043,153	27,527,327,951	24,794,567,082	26,992,329,289	27,112,580,448	26,094,768,819	25,686,794,697	24,474,064,850	24,056,542,041	23,414,092,724	114,447,881	63,144,613	66,315,454	57,511,481	75,300,673	46,901,837	111,492,845	97,718,345	67,717,260	53,963,469	40,609,939	75,660,388	35,138,365	125,480,195	-	83,269,794	-	172,781,230	370,006,705
Total Stockholder Equity	2,416,651,437	2,206,229,496	2,314,466,961	1,947,681,991	1,915,454,010	1,877,613,657	1,950,834,236	2,126,333,430	2,130,040,527	1,919,347,918	2,117,544,827	2,006,593,764	1,949,415,636	1,929,385,945	2,011,379,581	2,083,719,523	2,006,703,806	2,113,930,146	2,052,512,338	2,161,346,829	2,129,013,037	1,979,695,127	1,913,574,641	1,438,447,626	1,283,118,008	1,177,064,606	1,180,184,534	1,060,264,590	1,056,392,022	1,038,574,757	1,014,303,783	982,345,938	950,803,080	945,807,361	922,329,567	938,108,826	765,561,248	689,372,529	684,582,174	579,118,530	574,392,485	348,671,255

Cash Flow

Currency in IDR. All numbers in thousands.

	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31
Begin Period Cash Flow	2,556,290,042	2,286,736,072	4,104,064,531	4,033,091,295	3,013,116,732	-	-	-	-
Capital Expenditures	4,672,388	4,987,318	12,558,131	28,745,325	10,293,519	7,405,020	816,004	0	0
Change In Cash	-650,531,931	269,553,970	-1,817,328,459	70,973,236	1,019,974,563	2,977,847,458	7,282,735	-	-
Change In Working Capital	-1,421,743,295	-309,946,374	-767,966,586	-1,263,310,671	1,256,478,168	3,583,041,164	-7,886,425	-	-
Change To Liabilities	0	0	0	0	0	0	0	-	-
Change To Netincome	131,273,085	-580,336,298	-212,338,383	924,554,524	484,464,893	-366,591,964	-3,867,702	-	-
Change To Operating Activities	-735,493,886	1,728,332,679	-1,353,438,482	-1,524,108,129	-1,176,428,163	-423,876,969	-423,876,969	-	-
Depreciation	35,415,779	33,400,224	17,845,862	17,217,456	18,450,657	5,652,327	1,662,435	-	-
Dividends Paid	-827,383	-827,383	-827,383	-827,383	-2,649,293	-	-	-	-
End Period Cash Flow	1,905,758,111	2,556,290,042	2,286,736,072	4,104,064,531	4,033,091,295	3,013,116,732	-	-	-
Free Cash Flow	-1,887,695,733	-1,239,303,599	-1,282,331,901	-1,152,537,195	1,552,377,145	-	-	-	-
Investments	850,568,290	1,584,534,046	-960,271,333	754,491,040	-723,457,416	-1,318,525,303	-71,114,883	-	-
Net Borrowings	-201,506,721	-181,298,410	213,547,671	344,121,515	160,142,714	9,688,916	-27,375,692	-	-
Net Income	-31,915,451	-109,273,118	49,657,832	39,171,458	94,818,029	482,868,317	61,321,267	67,440,623	118,713,165
Other Cashflows From Financing Activities	-1,007,030,567	-2,303,020,152	292,745,863	-567,788,997	2,144,897,526	1,946,775,416	47,473,314	-	-
Other Cashflows From Investing Activities	291,313,470	75,802,618	137,240,520	116,235,844	18,089,244	14,151,472	-71,114,883	-	-
Sale Purchase Of Stock	-	-	-	-200,000,000	-200,000,000	-	-	-	-
Total Cash From Financing Activities	-1,208,537,288	-2,484,318,562	506,293,534	-223,667,482	2,305,040,240	2,134,030,107	20,097,622	-	-
Total Cash From Operating Activities	-600,720,473	1,072,123,487	-1,498,273,171	-543,164,691	-578,694,584	-301,948,289	59,116,000	-	-
Total Cashflows From Investing Activities	1,158,725,830	1,681,749,045	-825,348,822	837,805,409	-706,371,093	-1,296,470,534	-71,930,887	-	-

	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-03-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31
Begin Period Cash Flow	1,527,798,681	1,905,758,111	2,336,918,464	1,385,950,783	1,186,046,319	2,556,290,042	1,300,165,419	1,427,486,711	2,029,175,062	2,286,736,072	2,341,747,384	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Expenditures	4,030,436	3,105,745	255,993	1,422,320	1,880,389	1,113,686	182,785	2,335,461	2,051,723	417,349	3,400,532	10,017,567	1,658,710	916,875	10,474,757	17,278,985	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	527,993,193	-377,959,430	-431,160,353	950,967,681	199,904,464	-1,370,243,723	1,256,124,623	-127,321,292	-601,688,351	-257,561,010	-55,011,312	-1,762,317,147	339,052,775	-2,136,969,506	1,802,096,856	-218,635,398	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change In Working Capital	-1,285,705,188	1,009,625,032	-1,421,743,295	-1,111,654,534	-1,039,287,060	-1,212,467,606	-309,946,374	-1,749,585,316	-2,512,997,185	-783,552,161	-767,966,586	-44,612,124	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Netincome	-267,314,356	166,293,901	-175,292,357	15,556,637	206,162,363	84,846,442	-639,398,305	-61,962,873	-34,706,879	155,731,759	-504,616,810	470,600,457	-122,671,310	-55,650,720	679,249,199	-474,883,857	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Operating Activities	-597,944,446	220,601,287	-969,026,958	-141,250,273	-418,184,585	792,967,930	-729,750,744	132,725,502	1,281,005,739	1,044,352,182	-638,557,501	290,007,175	-266,124,932	-738,763,224	-339,162,404	551,222,672	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation	7,449,810	7,933,588	8,989,948	13,201,995	9,025,128	4,198,708	20,026,252	4,489,933	4,460,013	4,424,026	4,708,766	4,639,069	4,231,990	4,266,037	5,442,568	3,608,220	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-	-	-827,383	-827,383	-827,383	-827,383	-2,649,293	-2,649,293	-2,649,293	-2,649,293	-3,386,773	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
End Period Cash Flow	2,055,791,874	1,527,798,681	1,905,758,111	2,336,918,464	1,385,950,783	1,186,046,319	2,556,290,042	1,300,165,419	1,427,486,711	2,029,175,062	2,286,736,072	2,341,747,384	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow	-1,528,666,701	1,186,656,385	-842,977,734	-58,951,755	191,607,227	-1,177,373,471	771,113,773	592,492,815	-1,810,077,327	-792,832,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments	1,724,669,037	-1,516,014,815	-189,493,329	1,093,058,074	163,469,756	-216,466,211	317,239,169	-793,563,746	1,553,733,918	507,124,705	681,298,315	-678,636,884	-111,630,083	-839,122,559	912,342,284	93,043,197	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Borrowings	-52,867,482	-48,601,000	31,872,138	16,680,478	-277,038,558	26,979,221	78,170,311	59,930,576	-337,088,681	17,689,384	195,827,497	-123,332,381	99,070,419	41,982,136	-67,353,564	382,109,511	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	18,967,480	6,494,098	-56,119,905	4,061,245	10,249,793	9,893,416	-130,926,725	24,042,922	1,680,798	-4,070,113	-9,338,132	23,159,469	14,058,274	21,778,221	-7,482,658	11,027,037	33,488,165	13,613,118	64,116,359	28,867,234	423,548,291	13,134,942	16,947,898	22,732,625	3,092,703	12,102,008	21,211,225	24,915,331	25,270,967	29,586,300	24,189,978	16,227,364	31,840,093	33,502,652	37,143,057	17,889,762	24,236,619	27,254,694	27,254,694
Other Cashflows From Financing Activities	-690,380,500	789,023,745	620,152,225	-34,412,759	476,384,369	-2,069,154,402	2,205,177,953	545,694,521	-3,061,230,436	-1,992,662,190	-209,728,241	43,517,733	722,118,417	-571,459,397	1,061,550,142	-1,213,556,542	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Cashflows From Investing Activities	130,010,229	-77,421	291,313,470	291,313,470	2,395,141	-2,395,141	75,802,618	75,802,618	75,802,618	75,802,618	120,975,806	-1,619,371,959	16,264,714	16,264,714	11,799,284	7,770,580	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale Purchase Of Stock	240,796,710	-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Cash From Financing Activities	-502,451,272	740,422,745	652,024,363	-17,732,281	199,345,811	-2,042,175,181	2,283,348,264	605,625,097	-3,398,319,117	-1,974,972,806	-13,900,744	11,237,907	821,188,836	-529,477,261	994,196,578	-831,447,031	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Cash From Operating Activities	-837,062,862	401,322,874	-1,187,675,341	-112,204,327	-192,747,301	891,906,496	-1,422,794,297	42,040,259	1,252,439,671	1,200,437,854	-845,151,272	-144,165,528	-370,505,978	-768,369,686	-104,324,612	531,803,042	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Cashflows From Investing Activities	1,867,507,327	-1,519,705,049	104,490,625	1,080,904,289	193,305,954	-219,975,038	395,570,656	-774,986,648	1,544,191,095	516,973,942	804,040,704	-1,629,389,526	-111,630,083	-839,122,559	912,224,890	81,008,591	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Income Statement

Currency in IDR. All numbers in thousands.

	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31
Cost Of Revenue	673,558,651	1,908,548,816	2,550,382,479	2,251,389,414	2,145,978,232	554,275,924	508,248	-	-	-	-	-
Ebit	-	-	61,378,455	120,106,384	226,660,011	514,811,798	-	-	-	-	-	-
Ebitda	852,806,960	-236,593,044	61,378,455	120,106,384	226,660,011	-	-	-	-	-	-	-
Gross Profit	211,871,800	400,839,111	375,093,542	469,432,286	596,272,723	352,471,154	74,723,952	-	-	-	-	-
Income Before Tax	-132,571,748	-288,219,153	40,395,261	99,806,364	208,145,194	515,555,475	63,499,695	68,600,476	119,879,438	97,599,675	89,390,554	63,764,695
Income Tax Expense	-30,957,588	-50,138,833	-7,270,752	18,984,480	39,091,950	-13,083,760	1,395,927	998,797	1,046,620	899,596	386,461	352,052
Interest Expense	945,647,267	1,312,897,247	658,637	1,484,436	1,135,289	727,127	0	0	0	0	0	0
Interest Income	1,256,492,325	11,325,473	9,871,999	1,902,743	-2,556,928	419,186,304	39,005,859	-	-	-	-	-
Minority Interest	69,698,709	1,184,160,284	1,386,175,116	1,276,415,416	1,298,848,197	1,164,669,706	50,970,555	161,056	119,653	64,310	45,834	16,221
Net Income	-31,915,451	-109,273,118	49,657,832	39,171,458	94,818,029	482,868,317	61,321,267	67,440,623	118,713,165	-	-	-
Net Income Applicable To Common Shares	-31,915,451	-109,273,118	49,657,832	39,171,458	94,818,029	482,868,317	61,321,267	67,440,623	118,713,165	-	-	-
Net Income From Continuing Ops	-101,614,160	-238,080,320	47,666,013	80,821,884	169,053,244	522,134,674	62,103,768	-	-	-	-	-
Net Interest Income	305,452,392	11,621,096	36,368,435	54,611,766	51,459,985	41,730,916	-	-	-	-	-	-
Operating Income	226,442,038	268,128,719	246,468,834	348,718,840	549,600,374	92,488,115	23,300,333	71,078,415	123,540,277	105,544,170	99,035,733	72,429,784
Other Operating Expenses	507,008,648	311,303,575	443,406,656	286,590,075	70,410,088	218,024,216	12,906,832	-	-	-	-	-
Reconciled Depreciation	39,731,441	40,136,167	20,949,083	20,260,713	18,450,656	-	-	-	-	-	-	-
Research Development	4,084,719	3,717,435	5,225,787	5,402,144	5,351,801	1,135,437	-	-	-	-	-	-
Selling General Administrative	41,339,468	244,436,606	289,329,626	293,432,520	275,413,461	98,418,886	30,631,462	-	-	-	-	-
Tax Provision	-30,957,588	-50,138,833	-7,270,752	18,984,480	39,091,950	-13,083,760	1,395,927	-	-	-	-	-
Total Operating Expenses	658,988,413	2,064,099,017	2,725,980,879	2,429,038,257	2,246,593,422	586,399,614	49,860,120	-	-	-	-	-
Total Other Income Expense Net	-	-	-	-84,023,015	-62,842,528	-13,921,151	38,127,615	-	-	-	-	-
Total Revenue	885,430,451	864,181,616	1,081,783,774	1,011,253,358	1,014,875,518	263,111,378	73,940,950	111,646,971	157,833,999	129,395,268	129,659,588	84,206,223

	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31
Cost Of Revenue	-68,102,989	297,089,468	173,286,668	189,621,217	189,242,916	461,062,097	431,531,715	438,607,585	905,741,535	151,548,376	563,207,209	837,271,131	1,063,360,996	85,391,017	4,800,611	2,584,056	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ebit	-	-	-	-	-	-	-	25,416,918	6,390,535	5,825,142	-42,516,046	36,729,671	-3,159,289	67,887,704	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ebitda	453,867,406	241,130,985	26,184,889	230,876,664	229,046,269	28,158,009	-280,445,331	25,416,918	6,390,535	5,825,142	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	233,405,823	66,811,315	-77,240,879	64,896,545	-198,956,853	83,518,740	131,160,679	98,729,446	60,615,225	91,453,366	319,707,658	16,472,639	1,288,975	27,710,555	131,168,192	264,889,286	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Before Tax	57,995,168	24,541,094	-182,916,395	5,748,944	24,070,444	20,525,259	-310,040,804	20,100,948	1,132,873	587,830	-48,050,324	22,845,369	28,571,199	37,029,017	-2,142,369	10,007,656	-	76,639,980	-	57,061,296	103,821,375	84,453,217	456,000,043	12,822,661	17,299,584	22,928,626	4,802,718	11,618,987	21,592,494	25,485,497	-	25,268,883	30,031,863	24,476,924	15,729,832	33,061,558	33,962,208	37,125,839	18,812,250	24,225,055	27,281,185	27,281,185
Income Tax Expense	8,692,898	4,924,276	-33,678,649	-4,354,324	2,542,967	4,532,418	-50,152,399	75,982	-1,010,826	948,410	-14,175,173	-3,485,926	7,276,694	3,113,653	884,708	389,111	7,352,834	10,357,827	905,421	15,793,844	4,740,831	17,651,854	-	-	-	1,357	1,052,661	-	319,182	434,146	460,256	-	294,578	286,946	-	1,176,124	420,518	-	899,596	-	-	-
Interest Expense	387,542,454	207,757,627	199,179,409	514,098	406,676	192,344	379,603	339,759	290,583	205,832	191,988	79,001	89,570,283	1,515,284	-	443,649,308	465,063,400	447,947,058	443,100,603	460,488,978	465,047,279	465,901,356	448,809,196	568,464	300,296	325,559	389,650	736,968	447,335	1,160,152	893,149	442,381	529,972	617,202	239,697	1,408,795	1,253,637	814,257	1,124,687	1,891,855	2,476,966	2,476,966
Interest Income	315,959,420	276,820,228	435,358,835	3,998,167	1,574,675	2,306,524	7,046,513	752,945	2,986,681	539,334	12,072,372	12,690,699	17,391,661	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Minority Interest	-30,334,790	-13,122,720	93,117,841	-6,112,709	1,255,544,919	1,135,935,444	1,184,160,284	1,124,900,129	1,162,872,770	1,224,555,624	1,386,175,116	1,532,700,112	1,558,391,097	1,444,108,482	1,276,415,416	1,182,872,978	5,809,349	32,793,988	-	27,654,334	34,964,185	37,934,129	45,535,512	-	353,043	194,645	657,354	-	62,088	136,020	-	40,898	150,985	-	52,491	45,342	39,038	-	22,892	-	26,490	26,490
Net Income	18,967,480	6,494,098	-56,119,905	4,061,245	10,249,793	9,893,416	-130,926,725	24,042,922	1,680,798	-4,070,113	-9,338,132	23,159,469	14,058,274	21,778,221	-7,482,658	11,027,037	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income Applicable To Common Shares	18,967,480	6,494,098	-56,119,905	4,061,245	10,249,793	9,893,416	-130,926,725	24,042,922	1,680,798	-4,070,113	-9,338,132	23,159,469	14,058,274	21,778,221	-7,482,658	11,027,037	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income From Continuing Ops	49,302,270	19,616,818	-149,237,746	10,103,268	21,527,477	15,992,841	-259,888,405	20,024,966	2,143,699	-360,580	-33,875,151	26,331,295	21,294,505	33,915,364	-3,027,077	9,618,545	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Interest Income	-69,717,639	67,113,362	234,079,180	59,664,841	349,985,169	264,331	4,193,889	-1,126,433	14,260,927	512,405	11,011,404	6,395,637	14,175,740	-349,518	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	154,503,905	48,122,683	-30,331,462	71,241,650	216,146,519	70,472,409	125,373,742	82,977,893	1,706,250	58,070,834	19,164,539	84,624,243	-76,664,363	62,834,369	46,870,772	22,611,540	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	71,631,240	271,474,681	198,604,824	138,551,128	56,157,772	113,694,924	118,363,094	29,720,377	36,642,040	126,578,064	91,644,392	266,892,882	55,902,889	28,966,493	5,203,799	168,751,828	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reconciled Depreciation	8,329,784	8,832,264	9,921,875	14,283,153	10,180,559	5,345,854	24,341,390	5,309,152	5,253,384	5,232,241	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Research Development	1,179,810	847,507	897,078	889,972	1,301,775	995,894	1,039,403	971,465	835,447	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling General Administrative	7,075,519	12,988,808	12,012,447	54,669,247	56,896,665	59,455,687	52,370,663	63,231,847	66,976,016	70,817,773	73,310,577	73,111,135	9,254,223	10,119,223	89,501,219	73,525,918	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax Provision	8,692,898	4,924,276	-33,678,649	-4,354,324	2,542,967	4,532,418	-50,152,399	75,982	-1,010,826	948,410	-14,175,173	-3,485,926	7,276,694	3,113,653	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	10,798,929	315,778,100	126,377,251	265,551,629	98,112,102	476,877,787	432,176,116	454,216,088	997,183,001	186,743,504	690,307,350	843,982,634	1,141,314,334	50,267,203	89,098,031	244,861,802	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Other Income Expense Net	-	-	-	-	-	-	-	-	-	-	-	-14,233,752	1,542,075	-13,105,606	-49,013,141	-12,603,884	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Revenue	165,302,834	363,900,783	96,045,789	285,241,711	351,679,544	252,726,376	266,163,146	197,369,341	118,855,121	281,794,008	229,117,395	442,114,717	1,064,649,971	113,101,572	135,968,803	267,473,342	481,987,528	666,234,304	611,327,703	606,108,882	672,268,080	641,293,173	1,034,401,938	25,856,415	30,495,382	34,933,730	21,813,332	24,141,867	32,908,607	36,611,445	2,000,111	37,319,750	38,947,227	33,457,607	26,046,153	43,916,460	43,111,791	45,030,632	27,541,520	32,423,131	35,177,791	35,177,791

Latest Income Statement (annual, 2021-12-31)

Gross Profit (+$)
totalRevenue	885,430,451
Cost of Revenue	-673,558,651
Gross Profit	211,871,800	211,871,800

Operating Income (+$)
Gross Profit	211,871,800
Operating Expense	-658,988,413
Operating Income	226,442,038	-447,116,613

Operating Expense (+$)
Research Development	4,084,719
Selling General Administrative	41,339,468
Selling And Marketing Expenses	-
Operating Expense	658,988,413	45,424,187

Net Interest Income (+$)
Interest Income	1,256,492,325
Interest Expense	-945,647,267
Net Interest Income	305,452,392	310,845,058

Pretax Income (+$)
Operating Income	226,442,038
Net Interest Income	305,452,392
Other Non-Operating Income Expenses	-
Income Before Tax (EBT)	-132,571,748	226,442,038 EBIT - interestExpense = -945,647,267 -62,873,039 913,731,816
Interest Expense	945,647,267
Earnings Before Interest and Taxes (ebit)	-	813,075,519
Earnings Before Interest and Taxes (ebitda)	852,806,960

After tax Income (+$)
Income Before Tax	-132,571,748
Tax Provision	--30,957,588
Net Income From Continuing Ops	-101,614,160	-101,614,160
Net Income	-31,915,451
Net Income Applicable To Common Shares	-31,915,451

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	507,008,648
Total Other Income/Expenses Net	-	-305,452,392