Bumitama Agri : FIRST HALF 2021 RESULTS ANNOUNCEMENT

comprehensive income ..............................................................................................................

1

B.

Condensed interim statements of financial position...............................................................

2

C.

Condensed interim statements of changes in equity..............................................................

3

D.

Condensed interim consolidated statements of cash flows ..................................................

4

E.

Notes to the condensed interim consolidated financial statements .....................................

6

F.

Other information required by Listing Rule Appendix 7.2 ...................................................

14

Group

Note

1H2021

1H2020

Change

IDR million

IDR million

(%)

Revenue

4

5,438,195

4,002,486

35.9%

Cost of sales

5

(4,273,361)

(2,964,108)

44.2%

Gross profit

1,164,834

1,038,378

12.2%

Interest income

97,935

99,695

-1.8%

Selling expenses

(157,308)

(140,958)

11.6%

General and administrative expenses

7

(182,399)

(141,061)

29.3%

Finance cost

(79,413)

(97,956)

-18.9%

Foreign exchange loss

(109,897)

(102,932)

6.8%

Other income, net

10,906

6,501

n.m.

Profit before taxation

744,658

661,667

12.5%

Taxation

8

(165,462)

(139,134)

18.9%

Profit for the period

579,196

522,533

10.8%

Other comprehensive income

Item that may be reclassified subsequently to profit or loss:

Foreign currency translation loss

(19,379)

(31,736)

-38.9%

Fair value reserve on derivative financial

assets/liabilities

(7,842)

(42,935)

-81.7%

Other comprehensive income for the period, net of tax

(27,221)

(74,671)

-63.5%

Total comprehensive income for the period

551,975

447,862

23.2%

Profit and other comprehensive income attributable to:

Profit attributable to:

Owners of the Company

484,030

441,251

9.7%

Non-controlling interests

95,166

81,282

17.1%

579,196

522,533

10.8%

Total comprehensive income attributable to:

Owners of the Company

456,809

366,580

24.6%

Non-controlling interests

95,166

81,282

17.1%

551,975

447,862

23.2%

EBITDA

1,190,866

1,078,029

10.5%

Earnings per share for profit for the period attributable to

the owners of the Company during the period *)

Basic and diluted (IDR per share)

277

253

------ Attributable to owners of the Group ------

Foreign

Total share

Non-

Share

Treasury

Retained

Other

currency

controlling

Total equity

Group

Note

capital and

capital

shares

earnings

reserves

translation

interests

reserves

reserve

IDR million

IDR million

IDR million

IDR million

IDR million

IDR million

IDR million

IDR million

Opening balance at 1 January 2021

1,807,045

(161,366)

7,764,128

(213,435)

(179,697)

9,016,675

1,517,168

10,533,843

Profit for the period

-

-

484,030

-

-

484,030

95,166

579,196

Other comprehensive income:

Foreign currency translation loss

-

-

-

-

(19,379)

(19,379)

-

(19,379)

Fair value reserve on derivative financial assets/liabilities

-

-

-

(7,842)

-

(7,842)

-

(7,842)

Total comprehensive income for the period, net of tax

-

-

484,030

(7,842)

(19,379)

456,809

95,166

551,975

Contributions by and distributions to owners:

Dividends on ordinary shares

9

-

-

(378,388)

-

-

(378,388)

-

(378,388)

Closing balance at 30 June 2021

1,807,045

(161,366)

7,869,770

(221,277)

(199,076)

9,095,096

1,612,334

10,707,430

Opening balance at 1 January 2020

1,807,045

(147,449)

6,814,530

(201,717)

(190,363)

8,082,046

1,349,134

9,431,180

Profit for the period

-

-

441,251

-

-

441,251

81,282

522,533

Other comprehensive income:

Foreign currency translation loss

-

-

-

-

(31,736)

(31,736)

-

(31,736)

Fair value reserve on derivative financial assets

-

-

-

(42,935)

-

(42,935)

-

(42,935)

Total comprehensive income for the period, net of tax

-

-

441,251

(42,935)

(31,736)

366,580

81,282

447,862

Distribution to owners:

Contribution from non-controlling interests

-

-

-

-

-

-

20,105

20,105

Buy-back of ordinary shares

-

(13,917)

-

-

-

(13,917)

-

(13,917)

Dividends on ordinary shares

9

-

-

(91,127)

-

-

(91,127)

(26,807)

(117,934)

Changes in ownership interest in subsidiaries:

-

Increase in ownership in subsidiaries without a change in control

-

-

-

5,807

-

5,807

(5,807)

-

Closing balance at 30 June 2020

1,807,045

(161,366)

7,164,654

(238,845)

(222,099)

8,349,389

1,417,907

9,767,296

------ Attributable to owners of the Company ------

Foreign

Total share

Share

Treasury

Retained

Other

currency

Company

Note

capital and

capital

shares

earnings

reserves

translation

reserves

reserves

IDR million

IDR million

IDR million

IDR million

IDR million

IDR million

Opening balance at 1 January 2021

1,807,045

(161,366)

561,915

2,641

1,052,144

3,262,379

Profit for the period

-

-

14,315

-

-

14,315

Other comprehensive income:

Foreign currency translation gain

-

-

-

-

90,320

90,320

Fair value reserve on derivative financial assets/liabilities

-

-

-

(7,842)

-

(7,842)

Total comprehensive income for the period, net of tax

-

-

14,315

(7,842)

90,320

96,793

Distribution to owners:

Dividends on ordinary shares

9

-

-

(378,388)

-

-

(378,388)

Closing balance at 30 June 2021

1,807,045

(161,366)

197,842

(5,201)

1,142,464

2,980,784

Opening balance at 1 January 2020

1,807,045

(147,449)

223,151

4,864

982,841

2,870,452

Profit for the period

-

-

51,231

-

-

51,231

Other comprehensive income:

-

Foreign currency translation gain

-

-

-

-

86,451

86,451

Fair value reserve on derivative financial assets

-

-

-

(42,935)

-

(42,935)

Total comprehensive income for the period, net of tax

-

-

51,231

(42,935)

86,451

94,747

Distribution to owners:

Buy-back of ordinary shares

-

(13,917)

-

-

-

(13,917)

Dividends on ordinary shares

9

-

-

(91,127)

-

-

(91,127)

Closing balance at 30 June 2020

1,807,045

(161,366)

183,255

(38,071)

1,069,292

2,860,155