BUMITAMA AGRI LTD.

(Incorporated in the Republic of Singapore)

(Company Registration No. 200516741R)

Unaudited condensed interim consolidated financial statements

For the six months ended 30 June 2023

Table of Content

A.

Condensed interim consolidated statement of profit or loss

1

B. Condensed interim consolidated statement of comprehensive income

2

C.

Condensed interim statements of financial position

3

D.

Condensed interim statements of changes in equity

5

E.

Condensed interim consolidated statements of cash flows

8

F.

Notes to the condensed interim consolidated financial statements

10

G.

Other information required under Appendix 7.2 of the SGX-ST Listing Rules

19

  1. Condensed interim consolidated statement of profit or loss

Group

1H2023

1H2022

Changes

Note

IDR million

IDR million

(%)

Revenue

4

7,495,925

8,968,347

-16.4%

Cost of Sales

5

(5,342,258)

(5,196,106)

2.8%

Gross profit

2,153,667

3,772,241

-42.9%

Interest income

82,129

84,053

-2.3%

Selling expenses

(176,264)

(139,500)

26.4%

General and administrative expenses

(343,412)

(250,046)

37.3%

Finance cost

(65,270)

(68,636)

-4.9%

Foreign exchange gain/(loss)

174,287

(125,099)

n.m.

Other income, net

8,964

5,897

n.m.

Profit before taxation

1,834,101

3,278,910

-44.1%

Taxation

8

(413,502)

(683,466)

-39.5%

Profit for the period

1,420,599

2,595,444

-45.3%

Attributable to:

Owners of the Company

Non-controlling interests

EBITDA

Earnings per share attributable to owners of the Company *) Basic and diluted (IDR per share)

*) based on weighted average number of shares n.m. - not meaningful

1,188,885 2,178,739 -45.4%

231,714 416,705 -44.4%

1,420,599 2,595,444 -45.3%

2,056,659 3,772,868 -45.5%

686 1,247

The accompanying explanatory notes form an integral part of the unaudited condensed interim consolidated financial statements.

- 1 -

  1. Condensed interim consolidated statement of comprehensive income

Profit for the period

Other comprehensive income

Item that may be reclassified subsequently to profit or loss:

Group

1H2023

1H2022

Changes

IDR million

IDR million

(%)

1,420,599

2,595,444

-45.3%

Foreign currency translation loss

(58,037)

(16,288)

n.m.

Fair value reserve on derivative financial assets/liabilities

(12,853)

96,581

n.m.

Other comprehensive income for the period, net of tax

(70,890)

80,293

n.m.

Total comprehensive income for the period

1,349,709

2,675,737

-49.6%

Attributable to:

Owners of the Company

1,117,995

2,259,032

-50.5%

Non-controlling interests

231,714

416,705

-44.4%

1,349,709

2,675,737

-49.6%

n.m. - not meaningful

The accompanying explanatory notes form an integral part of the unaudited condensed interim consolidated financial statements.

- 2 -

  1. Condensed interim statements of financial position

Group

Company

Note

30-Jun-23

31-Dec-22

30-Jun-2331-Dec-22

IDR million

IDR million

IDR million

IDR million

ASSETS

Non-current assets

Plasma receivables

11

1,502,730

1,544,101

-

-

Property, plant and equipment

12

4,751,918

4,568,619

207

478

Bearer plants

13

7,802,699

7,843,235

-

-

Land use rights

1,041,182

1,032,983

-

-

Investment in subsidiaries

-

-

2,125,745

2,225,482

Intangible assets

14

193,818

194,076

-

-

Derivative financial assets

-

68,788

-

68,788

Deferred tax assets

91,920

107,680

-

-

Due from subsidiaries

-

-

4,227,486

5,353,187

Total non-current assets

15,384,267

15,359,482

6,353,438

7,647,935

Current assets

Biological assets

375,530

288,618

-

-

Inventories

2,060,427

2,327,206

-

-

Deferred charges

8,503

8,376

-

-

Trade and other receivables

199,462

214,855

276

963

Due from related companies

50

50

-

-

Plasma receivables

11

152,544

283,529

-

-

Prepayments and advances

48,034

58,061

252

213

Prepaid taxes

756,053

531,779

169

105

Derivative financial assets

45,136

-

45,136

-

Cash and short-term deposits

397,653

826,210

42,535

512,902

Total current assets

4,043,392

4,538,684

88,368

514,183

Total assets

19,427,659

19,898,166

6,441,806

8,162,118

LIABILITIES AND EQUITY

Current liabilities

Loans and borrowings

15

1,847,001

78,655

1,397,418

-

Trade and other payables

156,378

459,479

58

94

Accrued operating expenses

282,804

277,030

29,615

34,418

Sales advances

275,550

422,813

-

-

Taxes payable

401,460

620,252

2,546

1,097

Total current liabilities

2,963,193

1,858,229

1,429,637

35,609

The accompanying explanatory notes form an integral part of the unaudited condensed interim consolidated financial statements.

- 3 -

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Bumitama Agri Ltd. published this content on 04 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2023 07:29:05 UTC.