FIRST PACIFIC COMPANY LIMITED 第一太平有限公司
(Incorporated with limited liability under the laws of Bermuda)
Press Release
Friday, 19 August 2016 Indofood financial results on the first semester of 2016The attached press release was released today in Jakarta by PT Indofood Sukses Makmur Tbk ("Indofood", IDX: INDF), in which the First Pacific Group holds an economic interest of 50.1%.
Indofood is a leading Total Food Solutions company with operations in all stages of food manufacturing from the production of raw materials and their processing through to consumer products and distribution to the market. It is based and listed in Indonesia; its Consumer Branded Products subsidiary PT Indofood CBP Sukses Makmur Tbk and agribusiness subsidiaries PT Salim Ivomas Pratama Tbk and PT Perusahaan Perkebunan London Sumatra Indonesia Tbk are also listed in Indonesia. Two other subsidiaries, Indofood Agri Resources Ltd. and China Minzhong Food Corporation Limited, are listed in Singapore, and an agribusiness associate Roxas Holdings Inc. is listed in the Philippines.
Through its five complementary Strategic Business groups, Indofood manufactures and distributes a wide range of food products: Consumer Branded Products (noodles, dairy, snack foods, food seasonings, nutrition and special foods, and beverages), Bogasari (wheat flour and pasta), Agribusiness (oil palm, rubber, sugar cane, cocoa and tea plantations, cooking oils, margarine and shortenings), Distribution and Cultivation & Processed Vegetables (fresh and processed vegetables).
Indofood is one of the world's largest manufacturers by volume of wheat-based instant noodles, one of the largest plantation companies by area and the largest flour miller in Indonesia. Indofood also has an extensive distribution network across Indonesia.
Further information on Indofood can be found at www.indofood.com
* * *
For further information, please contact:John Ryan Tel: +852 2842 4355
Head of Investor Relations Mobile: +852 6336 1411 Executive Vice President
Group Corporate Communications
Sara Cheung Tel: +852 2842 4336
Vice President
Group Corporate Communications
PRESS RELEASE For Immediate Release INDOFOOD FINANCIAL RESULTS ON THE FIRST SEMESTER OF 2016Consolidated net sales grew to Rp34.08 trillion
Income from operations increased to Rp4.01 trillion
Income for the period attributable to equity holders of the parent entity increased to Rp 2.23 trillion
Jakarta, 19 August 2016 - PT lndofood Sukses Makmur Tbk ("lndofood" or the "Company") today announced its financial results for the first semester ended 30 June 2016. Consolidated net sales grew 4.4% to Rp34.08 trillion from Rp32.63 trillion in the same period last year. The Company's Strategic Business Groups ("Group") namely Consumer Branded Products ("CBP"), Bogasari, Agribusiness and Distribution Group contributed around 52%, 23%, 17%, and 8% respectively.
Income from operations increased 4.2% to Rp4.01 trillion from Rp3.85 trillion, and operating margin remained stable at 11.8%. Income for the period attributable to equity holders of the parent entity grew 28.9% to Rp2.23 trillion from Rp1.73 trillion, net margin improved to 6.5% from 5.3%. Core profit increased 6.8% to Rp2.22 trillion from Rp2.08 trillion.
Anthoni Salim,the President Director and Chief Executive Officer of lndofood, said: "Despite lower CPO production due to El Nino, we are pleased that we registered top and bottom line growth in the first semester of 2016 - thanks to our resilient business model."
---End---
PT IND FOOD SUKSES MAKMUR Tbk
Sudirman Plaza
lndofood Tower. 25'" Floor
JI. Jend. Sudirman Kav. 76 - 78 Jakarta 12910. Indonesia
T. +6221 5795 8822
F. +6221 5793 7373
www.indofood.com
About PT lndofood Sukses Makmur Tbk
Over the last two decades, lndofood has progressively transformed into a Total Food Solutions company with operations in all stages of food manufacturing , from the production of raw materials and their processing, to consumer products in the market. Today, it is renowned as a well-established company and a leading player in each business category in which it operates . In its business operations, lndofood capitalizes on economies of scale and a resilient business model with five complementary Strategic Business Groups ("Group"), namely:
Consumer Branded Products ("CBP")
Supported by the strength of its product brands, the Group produces a diverse range of consumer branded products including noodles, dairy, snack foods, food seasonings, nutritional and specialty foods, and beverages.
Bogasari
The Group is primarily a producer of wheat flour as well as pasta, with business operations supported by its own shipping and packaging units.
Agribusiness
The Group's principal activities range from research and development, seed breeding, oil palm cultivation and milling, to the production and marketing of branded cooking oils, margarine and shortening.The Group also cultivates and processes rubber, sugar cane and other crops.
Distribution
With the most extensive distribution network in Indonesia, the Group distributes the majority of the consumer products manufactured by lndofood and its subsidiaries, as well as by third parties, to the market.
Cultivation & Processed Vegetables
The Group manages an integrated demand-driven operation with wide-ranging cultivation and processing capabilities, and produces branded products.
For further information, please contact:
Elly Putranti Corporate Secretary
PT lndofood Sukses Makmur Tbk
Tel : +6221 5795 8822
Fax: +6221 5793 7373
Email:elly.putranti@indofood .co .i d
2
PT IND©>FOOD SUKSES MAKMURTbk !!l'dt!u!! AND ITS SUBS DIARIES SUOIRMAN PLAZA. INOOFOOOTOWER,271h Floor, JalanJenderalSudirman Kav. 76,78,Jakarta 12910,INOONESIA Phone:( 62 -21 ) 57958822 Fax :( 62 - 21 ) 57935960 www. ndofood.com | |||
INTERIMCONSOLIDATED STATEMENT OF FINANCIAL POSITION A1of June 30, 2016 (Expressed n Miiiions of Rupiah, Unless Otherwise Stated) (Unaudltad) | INTERIMCONSOUOATED STATEMENT OFPROFITOR LOSSANDOTIIER COMPREHENSIVE NCOME For 1heSlx-Monlh Period Ended June 30,2016 (Elpf!ll!d nMllllon, ol Rupiah,UnleuOlhefwlse Sla1ecl) lllnsudttedl | INTERIM CONSOLIDATED STATEMENT OFCASH FLOWS For the Six-Month Period Ended June30,2018 (ExpressedInMiiiions of Rupiah, Unless Oth«wlsa Slatad) (Unaudftad) | |
ASSETS .llnt30,2011 Damber31,!01 5 LIABILITIES AND EQUITY Joot30,2016 Damber31,201S. ----- -- CURRENT ASSETS LIABILITIES Cash and cash equlvalenlS 11,580,872 13,078,076 CURRENT LIABILITIES Sl10f11orm bank loans andoverdraft 7,829,783 5,971,569 Short- ermlnvestmenlS 1319,283 1090,607 Trustrecelp1s payable 724,032 1,747,575 AcoounlS receivabe Trade payables Third panles 3,330,660 3,080,946 Trade Related parties 839,201 503,958 Third parties • nel 5,045,424 3,522,553 Olher payab es and deposit received •Third parties 1,665,368 1,589,265 Aocruod exponsos 2,122,187 2,137,266 Ae aledparties 819083 733,261 5110oyee be1ell1S liabi ity 818,582 684,417 Non-lrade Taxes payable 910,500 352,910 Current maturttles of long-term debts Thirdpanies 497 700 458,089 Bankloans 2,062,238 2,949,803 Related parties 348,275 402,707 Bonds payable 1,998,015 Liabiity for purcllase, of fixedassets 41,127 42,942 Inventories - net 8,134,552 7627,360 Uabllles dlrec11y associated with disposal groupcassified as held 104, 233,874 8,048, 687 Advancesand depos lS 1,195,352 809,685 Total Current Uabllltlel 26,173,385 25,107,538 Prepaidtaxes 301040 302,105 Furure cropexpendi ures 203,957 165,308 NON-CURRENT LIABILITIES Prepaidexpenses and other c.menlassets 576,828 253,910 Long-lermdebts - netofcurrent maturities Assets of disposalgroup classifiedas heldfor sale 12,389,714 14,375,084 Bankloans 13,965,010 121889,330 Bonds payable 1,993,139 3,989,156 Total Curren!Assels 42,412,080 42,816,745 Liabiity for purcllase, of fixedassets Totalfong lerm debta 15,970,827 18,893,952 Ooterred tax liabilities • net 1,467,272 1,518,833 NON-CURRENT ASSETS Oue to related parties 499,964 338,848 iabiliies 1or employee benelits 5,060,205 4,n5,BOB Claims for ax refund 253,382 261,934 Estlmaled liabi ties for assolS dismantlngcosts Plasma n,celvab es • net 828,086 785,n3 TotalNon-Curren Liabil ties 23,091,536 23,602,395 Defe"ed tax assets - nel 2,237 178 2,093,290 ---- ---- loog· ermlnveslments 2,993,032 1898,233 TOTAL LIABII.JTIES -49,264,921 48,709,933 --- ---- Pfantallons Malurepantations - net 5,397,569 5 193,423 EQUITY Immature plantations 3,583 033 3612,839 Capitalstock • Rpl00 (fullamount) parvalueper share lndustnal lmller planla lons,nel 283,116 281,726 Authorized·30.000,COO,OOO shares Issued andfully paid·8,760,426,500shares 878,043 878,043 Fixed assets • net 25,629,185 25,096,342 Additlooal paid-Incapttal 522,249 522,249 Investment property 42 188 42,188 Unroal ed gains onavalable-lor-selelinanclalassols 1,007,581 924,426 Olfferenoefromchanges In equity of Subsldlarles Deferredcharges - net 652 815 676,166 and effects of transactionswith non-controllinginterests 8,691,728 6,645,415 Goodwill3,976,524 3,976,524 Excllango ditteronoeson iranslation of financialsta1emon1s 726,369 844,545 Intangibe assets •net 2,561,616 2,628,235 Reserve oldisposal groop classifiedas hedf0sale 406,517 627,333 Retainedearnings loog-lermprepayments 1005,430 948,126 Approprlaledfor general rosorve 100,000 95,000 Unapproprlaled 17 , 475, 480 1 8r732,340 Other non-current assets 1,086,261 1,529,983 Equity Attrfbutabfe o Equll)' Holders of lhe Paren1Entity 27,807,967 27, 269,351 Total Non-Curren! Asset• 50,529,415 49 014,781 Non-conlrolllnglntoresta 15, 868, 607 1 5, 852, 242 TOTAL EQUITY 43, 676, 574 43, 1 21, 593 TOTAL ASSETS -92,94149-5 91,831,528 TOTAL LIABII.JTIES ANDEQUITY 91,831,526 | CONTINUING OPERATIONS NET SALES COSTOFGOOOS SOLD GROSSPROAT Solli anddistributiOn expenses General and administrative es Olher operaqIncome Olher operating expenses INCOME FROMOPERATIONS | 2016 2015 ($1,Monlho) (SlxMontho) 34,084,083 32,634,705 _MJf!il1lL JW_82 39.9_ 9 , 799, 899 8, 952,315 (3661,235) (3,587,666) (1988,391) (1,735,095) 258,085 428,328 (394,370) (207,132} 4,013,988 3,850,750 | 2016 2015 {$1,Monlho) ($1•Mon1hs) CASHFLOWSFROMOPERATINGACTIYTTIES caslr reoeiYed from C1Jstomers 32,557,502 31,092,874 caslrpaidlosup iers (18,829,193) (16,253,672) Paymentsfor production andope,al experrses (7,553,901) (7,275,426) Paymentstoeees !3r371r456! !2r867r033! Cashgeneratedfromc:peraloos 2,802,952 4,696,743 Rocalptsof lnt..,,1lnoome 292,897 374,864 Paymentsof 1$$1e>jlOnst (816,894) (772,635) Paymeotsof taxes •net (733, 592) (965,284)Other, recepcs (payments)·net 89 258 (38 069)Net Cssh Providedby Ope!itlng Aollvllles 1, 634,819 395,599 CASHFLOWS FROM INVESTINGACTIYTTIES Proceeds from saleof fixed assets 38,665 9,490 Additons to fixedassets andplantations (1,933,948) (1,996,484) Addlonstolnvesiment endlbu1onIn associates (1,329,587) (695,554) Paymentsof adviOICSs lor projeandfixed assets (110,848) (334,163) A""isitonol Subsidories. nelofcashacquired (54,996) (1,049,827) Ca;:ital zed fuhi'e cane crops expendiures (53,355) (71,656) Paymentsfor aopsion olshares Ina Subsidiary kom non-con Interest ! 811 99! Net Cs1h UsedIn1,w..ung ActivillDI (3,454,266) (4,138,194) CASHFLOWS FROM FINANCING ACTIVmES Proceeds from sho term brilGM! 9,971,821 2,255,355 Proceedsfrom IOrrO term ballk lGM! 1,818,257 959,024 Proceedsol long termborrowi,gsfromrelaled es 161,170 129,000 captalconUibution from nonolll lnlereslS 30,109 220,368 Paymentsof Slrol1·term bank loans (7,931,048) (1,506,789) Paymentsolcash dividends (1,475,112) (1,931,694) Paymentsof long-termbank loans (1,448,000) (667,863) Paymentsofcash dividends by ialies to nonoonlrolrlJ Interests (485,757) (573,184) Paymenlollabi1y for purchase olfixed asselS (2,002) (1,868) |
Finance ncome 572,789 374,763 Finance expenses (803,330) (1,482,070) Share in nellosses ofassociates ! 194,427! (174,404! INCOME 8EfORE INCOME TAX EXPENSE 3,569,020 2,589,039 Income Tax Expoose !1,015,045! [84062! INCOME FORTHE PERIODFROII CONTINUING OPERATIONS 2,573,975 1,728,877 !_DISCO.[j]NUED OPERATIOJJ INCOME FOR-THE-PERIOD-FR-Oii A DISCONTINUED OPERATION INCOME FORTHE PERICO ;151,314 2, 120, 889 Olhercomprelien1t eIncome{lolm) hem,that oiO nolbtrecossilied:.:or oss: =;:e;: ::' .:,,iax !6,223! (10,352) 2,735 :: . i :ar on : l!U,t :1 ass,ts 81,431 154,323 i!". ro1 :: :=1= ":::':liax (412,924) 196,.765 117,789 Falrvaluegails(k>ss)arisingfromcashllowl-odges (3?.ffit: 300 01heroompnnslve ncome(IOltes)fortireperiod,net of tu :J2: i. IVEINCOME FOR THE PERIOD 2,500,941 2, 463, 925TOTAL COMPREHENS Income for lhe period 111!1butable10: Equllyholdernof the parent enlly 2,231,033 1,730,924 Non-oontrolling nlerests 1 389.J165 Tolal 2,757, 314 2, f21>, ea 9 - Total comprehenllve Income for theperiod attnbutablo o: Equllyholders of the parent enily 2,000,869 2,094,958 Non-lllng nterests _ 368,969 Tolal -2 · - 2,463 ,925 ---'---'--- BASIC EARIINCS PERSIIARE FROM UIIIGOl'!JIATIONS ATTllllUIABL.E TOEOUJTY HOlOERS OFTHEPARENT EHTITY (NllllllouoQ =-=23=7= =-1=60= BASIC EARNl«lS PERSIIARE FROM AOlscafTIIUEOOl'!JIATlON ATTllllUIABL.E TOEOUJTY ltOt.O£RS OFTHEPARENT EHTITY (Ml""""Q ===1=7= ====37= | |||
Purchasooltreasury S1ock bya SWsoiary !1 51, 903) Net C.1h Providedby (UsedIn)FlnlnclngAclMllK 839,438 (1, 269,51 4) NET EFFECTS OFCHANGESINEXCHANGE RATESONCASHANO CASHEQUIVALEN7S (203,290) 338,850 NET DECREASE NCASHAND CASHEQUIVAI.ENTS (1,383,499) (1,773,259) CASHANO CASHEQJtVAI.ENTS AT THE BEGINNING OFPERIOD 12,962,041 1 4,040, 435 CASHANO CASHEQJtVAI.ENTSATTIIE ENOOFPERIOD 11, 578,542 1 2,26 7 1 76 Csah and cuhoqufvalenll con1&1of : CashandcashequlYalentslromC001lnulngoperalion 11,580,872 12,403,682 Qve,oraft (2,330) (1 38,506) Net 11,578,542 12,267,176 | |||
Notes: I. The inte,rnfinancialinformation aboveis thederivedhomthe nl•rimconsoidaled financ alSlatemonts esof ne 30, 2016 lor the si,month periodlhen•nded halhavo boon reviowedby Pul:lc Accounting FrmPurwanlOno,Sungkoro & Surja, wtrdr in their roporldated AuguSI tS, 2016oorrwdod tha1n04hin1has come to hoir altJakarta, August 19,2016 tha1causesthem lobelie,e tha11heint&finoonsolidatedfinancial slalements of PT ndofood Wises Makrrand Subsiariesdo n04presenlfairly, in allmateri respects, the oonsolidaled nancialpos onollhe Companyand Subsoiaries (G)esolJune 30,2016,andtheir oonsolidaled financialpertornance andcash flows fer the slx·monthperiod!henended, Inacwith Indonesian Anancial AccountingSlanclards. 2. The financ allnlormalon asol December 31.2015 is deri'1!d kom the oonsoloatedfilancolstatements asolDecember 31,2015 andfor the jOar thenended, that have beenauditedby Pubic Aocwn6 Rrm Purwanlono, Sungkoro & Surja,wtrich ntheirreporl dated Man:h 2312016 opinedlhalthooonsolidaledfinancial slalements of PTndolood Sukses Maknarr Tbkand Subsolaries presentfaitlnallmaterialreSl)OC!s, the nlorimoonso ldated financialposonof the Groupasof December 3t,2015,.,..theioonsolldated nancialportormance andcash flows for the yearlhenended,In aocordancewi1h oooneslanFinancielAocooooog Standmfs. The Board of D reclors !t :.i=: = i1: bern l tffloa fl9= tements '" not Included nthe i>crma onpresenled above. PTINDCFOOD SUKSES MAKMURTbk | |||
First Pacific Company Limited published this content on 19 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 August 2016 00:15:07 UTC.
Original documenthttp://www.firstpacific.com/media/normal/15860_Indofood 1H16 results press release.pdf
Public permalinkhttp://www.publicnow.com/view/1FEAF3FBEA8F1FC967548D33B189003C9EA68E3B
