Investor Relations

Financial Highlight 2017

A. CURRENT ASSETS, NON CURRENT ASSETS AND TOTAL ASSETS

CURRENT ASSETS

Total current assets has decreased to Rp. 94.07 billion or down 25% and become Rp. 284.02 billion in 2017 compared Rp. 378.09 in 2016. This happens mainly due to decrease in advances payment account amounted Rp. 115.09 billion or down 54%, and increase in Inventory account amounted Rp. 30.12 billion or up 20% compared in 2016.

NON-CURRENT ASSETS

Non-current assets has increased to Rp. 124.01 billion or up 32% become Rp. 517.46 billion in 2017 compared Rp. 393.45 billion in 2016. This happen mainly due to increasing in inventory account amounted Rp. 144.43 billion or up 106% , and also decrease 100% in property investment account with amount Rp. 21.60 billion in 2016.

TOTAL ASSETS

The Company total assets has increased Rp. 29.93 billion or up 4% become to Rp. 801.48 billion in 2017 compared Rp. 771.55 billion in 2016. This occurs in during 2017, non current assets increase Rp. 124.01 billion compared in 2016 and for cuurent asset has decreased Rp. 94.01 billion compared in 2016.

B.SHORT TERM LIABILITIES, LONG TERM LIABILITIES, AND TOTAL LIABILITIES

SHORT TERM LIABILITIES

Total short term liabilities has decreased Rp. 15.97 billion or down 17% become Rp. 90.12 billion in 2017 compared Rp. 96.01 in 2016. This is mainly due to decrease Rp. 22.48 billion in other payables in related party account and increase Rp. 6.4 billion in bank payable.

LONG TERM LIABILITIES

Total long term liabilities increase Rp. 36.72 billion or up 1.337% become Rp. 39.45 billion in 2017 compared Rp. 2.57 billion in 2016. This is mainly due to in bank payable account with amount Rp. 36.56 billion.

TOTAL LIABILITIES

Total liabilities increase Rp. 20.75 billion or up 21% become Rp. 119.59 billion in 2017 compared Rp. 98.84 billion in Rp. 2016. This happens in long term liabilities account increase Rp. 36.72 billion and in short term liabilities decrease Rp. 15.97 billion.

C. EQUITY

Total Equity increase Rp. 9.18 billion or up 1% become Rp. 681.89 billion in 2017 compared Rp. 672.71 billion in 2016. This happens mainly due to increasing Rp. 50.23 in retain earning account and decreasing Rp. 41.52 billion in others comprehensive income (surplus revaluation).

D. SALES, EXPENSES, COMPHENHENSIVE INCOME ATTRIBUTABLE TO OWNERS OF THE PARENT ENTITY

SALES

The company total sales has recorded Rp. 36.26 billion or has decrease Rp. 366.81 billion or down 91% compared Rp. 402.07 billion in 2016. This happen mainly due to the zero sales in land-product or down 100% compared Rp. 351.86 in 2016. And also sales in housing and warehouse product has decrease Rp. 14.95 billion or down 29.78% compared Rp. 50.22 in 2016.

COST OF GOOOD SOLD

Cost of goods sold has decreased 87% or down Rp. 71.76 billion become Rp. 10.98 in 2017 compared Rp. 86.67 billion in 2016.

GROSS MARGIN

Gross margin has decreased 92% or down Rp. 295.12 billion become Rp. 24.28 billion in 2017 compared Rp. 319.4 billion in 2016.

NET PROFITS

Net profits in 2017 has decreased Rp. 287.02 billion or down 97% become Rp. 9.93 billion in 2017 compared Rp. 296.95 billion in 2016.

Other Comprehensive Income attributable to owners of the parent entity in 2017

Total other comphrenhensive income attributable to owners of the parent entity has decreased Rp. 241.92 billion or down 94% become Rp. 8.83 billion in 2017 compared Rp. 250.76 billion in2016.