PT JAYA AGRA WATTIE TBK DAN ENTITAS ANAK/AND ITS SUBSIDIARIES LAPORAN KEUANGAN KONSOLIDASIAN TANGGAL 30 JUNI 2017(TIDAK DI AUDIT) SERTA TAHUN YANG BERAKHIR PADA TANGGAL TERSEBUT CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2017 AND FOR THE YEAR THEN ENDED PT JAYA AGRA WATTIE Tbk PT JAYA AGRA WATTIE Tbk DAN ENTITAS ANAK AND ITS SUBSIDIARIES LAPORAN KEUANGAN KONSOLIDASIAN CONSOLIDATED FINANCIAL STATEMENTS TANGGAL 30 JUNI 2017 (TIDAK DIAUDIT) SERTA AS OF JUNE 30, 2017 (UNAUDITED) AND TAHUN YANG BERAKHIR PADA TANGGALTERSEBUT FOR THE YEAR THEN ENDED Daftar Isi/Table of Contents Halaman/Pages Surat Pernyataan Direksi Board of Directors’ Statement Laporan Posisi Keuangan Konsolidasian 1 - 2 Consolidated Statements of Financial Position Laporan Laba Rugi Komprehensif Consolidated Statements of Konsolidasian 3 Comprehensive Income Laporan Perubahan Ekuitas Konsolidasian 4 Consolidated Statements of Changes in Equity Laporan Arus Kas Konsolidasian 5 Consolidated Statements of Cash Flows Catatan atas Laporan Keuangan Konsolidasian 6 - 77 Notes to Consolidated Financial Statements PT JAYA AGRA WATTIE Tbk DAN ENTITAS ANAK PT JAYA AGRA WATTIE Tbk AND ITS SUBSIDIARIES LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION 30 Juni 2017 (Tidak Diaudit) June 30, 2017 (Unaudited) (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated) 30 Juni/ Catatan/ 31 Desember/ June 30, 2017 Notes December 31, 2016 ASET ASSETS ASET LANCAR - - CURRENT ASSETS Kas dan Bank 7 ,766,687,089 4,33,34 5 ,988,482,405 Cash on hand and in banks Piutang usaha 1 5,179,200,956 5,33,34 1 9,002,511,790 Trade receivables Piutang lain-lain 8 ,517,698,715 33,34 7 ,528,438,554 Other receivables Persediaan 6 8,904,748,642 6 5 1,018,292,210 Inventories Pajak dibayar dimuka 5 1,781,683,582 7 4 3,887,763,378 Prepaid taxes Piutang plasma 6 5,584,039,554 8,33,34 5 8,996,626,211 Plasma receivables Uang muka dan biaya dibayar dimuka 1 7,071,783,812 3 ,876,740,532 Advances and prepaid expenses Total Aset Lancar 2 34,805,842,350 1 90,298,855,080 ASET TIDAK LANCAR Bibitan 1 0,174,619,269 1 0,020,896,872 Nurseries Tanaman perkebunan: Plantations Tanaman menghasilkan - Mature plantations - setelah dikurangi akumulasi net of accumulated penyusutan sebesar Rp 249.929.253.734 depreciation of Rp 249,929,253,734 pada 30 Juni 2017, as of June 30, 2017, Rp 228.703.959.000 Rp 228,703,959,000 pada 31 Desember 2016 8 97,300,555,530 9 9 18,525,850,264 in December 31, 2016 Tanaman belum menghasilkan 1 ,082,875,943,924 1 ,046,700,809,892 Immature plantations Aset tetap - setelah dikurangi Fixed assets - net of accumulated akumulasi penyusutan depreciation of Rp 319.135.587.116 Rp 319,135,587,116 pada 30 Juni 2017 as of June 30, 2017 Rp 288.606.919.648 1 ,025,553,666,761 10 1 ,051,238,712,526 Rp 226,353,312,748 inR Dp e2c8e8m,6b0e6r, 93119, ,2604185 pada 31 Desember 2016 as of December 31, 2016 Uang muka perolehan aset 3 5,558,454,549 11 3 8,227,291,459 Advances for purchase of assets Goodwill 1 7,979,322,415 28 1 7,979,322,415 Goodwill Aset pajak tangguhan 5 ,897,193,323 29 5 ,143,641,454 Deferred tax assets Aset lain-lain 1 2,687,713,488 1 2,981,511,916 Other assets Total Aset Tidak Lancar 3 ,088,027,469,259 3 ,100,818,036,798 Total Noncurrent Assets TOTAL ASET 3 ,322,833,311,609 3 ,291,116,891,878 TOTAL ASSETS Catatan terlampir merupakan bagian yang tidak terpisahkan dari The accompanying notes form an integral part of laporan keuangan konsolidasian secara keseluruhan. these consolidated financial statements. 1 PT JAYA AGRA WATTIE Tbk DAN ENTITAS ANAK PT JAYA AGRA WATTIE Tbk AND ITS SUBSIDIARIES LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION 30 Juni 2017 (Tidak Diaudit) June 30, 2017 (Unaudited) (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated) 30 Juni/ Catatan/ 31 Desember/ June 30, 2017 Notes December 31, 2016 LIABILITAS LIABILITIES LIABILITAS JANGKA PENDEK CURRENT LIABILITIES Utang bank Jangka Pendek 1 64,000,000,000 12,33,34 2 10,727,000,000 Short-term loans Utang usaha 7 0,133,781,745 13,33,34 9 1,014,949,215 Trade payables Utang lain-lain 1 60,323,567,576 14,33,34 6 9,348,797,556 Other payables Uang muka penjualan 5 ,639,178,629 2 2,239,562,017 Sales advance Utang pajak 1 9,960,062,254 15 1 8,299,917,492 Taxes payable Akrual 4 8,427,129,243 16,33,34 4 9,766,886,196 Accruals Utang jangka panjang jatuh tempo dalam satu tahun 1 67,843,219,790 17,33,34 1 84,556,020,132 Current maturity of long-term Total Liabilitas Jangka Pendek 6 36,326,939,237 6 45,953,132,608 Total Current Liabilities LIABILITAS JANGKA PANJANG Utang jangka panjang - setelah dikurangi Long-term bank loans - net of bagian jatuh tempo dalam satu tahun 1 ,527,563,604,274 17,33,34 1 ,432,540,199,262 current maturities Liabilitas imbalan kerja 1 12,087,869,534 18 8 8,525,167,955 Post-employment benefits liability Liabilitas pajak tangguhan 7 6,418,709,442 29 7 3,778,894,633 Deferred tax liabilities Total Liabilitas Jangka Panjang 1 ,716,070,183,250 1 ,594,844,261,850 Total Noncurrent Liabilities TOTAL LIABILITAS 2 ,352,397,122,487 2 ,240,797,394,458 TOTAL LIABILITIES EKUITAS EQUITY Ekuitas yang Dapat Diatribusikan Equity Attributable to kepada Pemilik Entitas Induk Owners of the Parent Modal saham - nilai nominal Rp 100 per saham Capital stock - Rp 100 par value per share Modal dasar - 10.000.000.000 saham Authorized - 100,000,000,000 shares Modal ditempatkan dan disetor penuh - Issued and fully paid - 3.774.685.500 saham 3 77,468,550,000 19 3 77,468,550,000 3,37,7747,46,8658,55,0500 0s hsahraerses Tambahan modal disetor 4 33,917,673,015 20 4 33,917,673,015 Additional paid-in capital Saldo laba Retained earnings uDntiucak dcaandgaknagna n umum 2 9,709,895,542 2 9,709,895,542 Appropriated Belum dicadangkan 1 30,693,069,528 2 03,456,750,796 Unappropriated Komponen ekuitas lainnya ( 28,019,134,446) ( 21,580,734,189) Other component of equity Total Ekuitas yang dapat diatribusikan Total equity attributableto owners kepada pemilik entitas induk 9 43,770,053,639 1 ,022,972,135,164 of the parent entity Kepentingan nonpengendali 2 6,666,135,483 21 2 7,347,362,256 Non - controlling interest TOTAL EKUITAS 9 70,436,189,122 1 ,050,319,497,420 TOTAL EQUITY TOTAL LIABILITAS DAN EKUITAS 3 ,322,833,311,609 3 ,291,116,891,878 TOTAL LIABILITIES AND EQUITY Catatan terlampir merupakan bagian yang tidak terpisahkan dari The accompanying notes form an integral part of laporan keuangan konsolidasian secara keseluruhan. these consolidated financial statements. 2 PT JAYA AGRA WATTIE Tbk PT JAYA AGRA WATTIE Tbk DAN ENTITAS ANAK AND ITS SUBSIDIARIES LAPORAN LABA RUGI DAN INTERIM CONSOLIDATED STATEMENT OF PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN INTERIM PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME Periode Enam Bulan Yang Berakhir Pada Tanggal For The Six-Month Period Ended 30 Juni 2017 (Tidak Diaudit) June 30, 2017 (Unaudited) (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated) 30 Juni/ Catatan/ 30 Juni/ June 30, 2017 Notes June 30, 2016 PENJUALAN BERSIH 2 85,906,755,825 22 300,411,903,167 NET SALES BEBAN POKOK PENJUALAN 2 34,783,073,945 23 252,941,750,810 COST OF GOODS SOLD LABA KOTOR 51,123,681,880 47,470,152,357 GROSS PROFIT BEBAN USAHA OPERATING EXPENSES Beban penjualan (7,796,546,075) 24 (9,178,147,726) Selling expenses Beban umum dan administrasi (22,676,554,146) 25 (27,761,836,556) General and administrative expenses Total Beban Usaha (30,473,100,221) (36,939,984,282) Total Operating Expenses LABA USAHA 20,650,581,659 10,530,168,075 OPERATING INCOME PENGHASILAN (BEBAN) LAIN-LAIN OTHER INCOME (CHARGES) Pendapatan operasi lain 3,926,053,405 26 7,057,709,701 Other operating income Beban operasi lain (93,006,932,192) 27 (130,590,158,386) Other operating expenses Beban Lain-Lain (89,080,878,787) (123,532,448,685) Other Charges LABA (RUGI) SEBELUM PAJAK PENGHASILAN (68,430,297,128) (113,002,280,610) INCOME (LOSS) BEFORE INCOME TAX BEBAN PAJAK PENGHASILAN 29 INCOME TAX (BENEFIT) EXPENSE Pajak kini (3,135,810,316) (3,395,124,660) Current tax Pajak tangguhan (1,741,894,409) 18,516,680,142 Deferred tax Beban Pajak (4,877,704,725) 15,121,555,482 Income Tax Expense LABA (RUGI) BERSIH (73,308,001,853) (97,880,725,128) NET INCOME (LOSS) Pendapatan (rugi) Komprehensif Lain Other Comprehensive Income (Loss) Tahun Berjalan (8,767,075,260) 18 (7,643,434,708) For The Year Manfaat pajak tangguhan terkait 2,191,768,815 2,064,130,648 Related deferred tax income Rugi Kemprehensif Lain - Setelah Pajak (6,575,306,445) (5,579,304,060) Other Comprehensive Loss - Net of Tax TOTAL LABA (RUGI) KOMPREHENSIF TOTAL COMPREHENSIVE INCOME (LOSS) TAHUN BERJALAN (79,883,308,298) (103,460,029,188) LABA (RUGI) BERSIH YANG DAPAT NET INCOME (LOSS) DIATRIBUSIKAN KEPADA: ATTRIBUTABLE TO: Pemilik Entitas Induk (72,763,681,268) (95,609,885,485) Owners of the Company Kepentingan nonpengendali (544,320,585) 21 (2,270,839,643) Non-controlling interest Jumlah (73,308,001,853) (97,880,725,128) Total TOTAL LABA (RUGI) KOMPREHENSIF YANG DAPAT DIATRIBUSIKAN KEPADA: Pemilik Entitas Induk (79,202,081,525) (101,099,697,229) Owners of the Company Kepentingan nonpengendali (681,226,773) 21 (2,360,331,959) Non-controlling interest Jumlah (79,883,308,298) (103,460,029,188) Total LABA (RUGI) BERSIH PER SAHAM - DASAR (19.28) 30 (25.33) BASIC EARNINGS (LOSS) PER SHARE 26,390,402,664 (53,492,905,634) Catatan terlampir merupakan bagian yang tidak terpisahkan dari The accompanying notes form an integral part of laporan keuangan konsolidasian secara keseluruhan. these consolidated financial statements. 3 PT JAYA AGRA WATTIE Tbk DAN ENTITAS ANAK PT JAYA AGRA WATTIE Tbk AND ITS SUBSIDIARIES LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY UNTUK PERIODE ENAM BULAN YANG BERAKHIR PADA FOR THE SIX-MONTHS PERIODS ENDED 30 Juni 2017 (Tidak Diaudit) June 30, 2017 (Unaudited) (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated) Ekuitas yang dapat diatribusikan kepada pemilik entitas induk/ Equity attributable to owners of the Company Tambahan Saldo Laba/Retained Earnings Komponen Kepentingan Modal Disetor/ Belum Ditentukan Ekuitas Lainnya/ Nonpengendali/ Modal Saham/ Additional Cadangan Umum/ Penggunaannya/ Other Component Jumlah/ Non-controlling Jumlah Ekuitas/ Capital Stock Paid-in Capital Appropriated Unappropriated of Equity Total Interests Total Equity Saldo per 1 Januari 2016 377,468,550,000 433,917,673,015 29,709,895,542 425,977,392,391 (7,355,348,602) 1,259,718,162,346 30,222,637,031 1,289,940,799,377 Balance as of January 1, 2016 Rugi Komprehensif Lain - - - - (5,489,811,744) (5,489,811,744) ( 89,492,316) ( 5,579,304,060) Other comprehensive loss Rugi bersih - - - ( 95,609,885,485) - (95,609,885,485) ( 2,270,839,643) ( 97,880,725,128) Net loss Saldo per 30 Juni 2016 3 77,468,550,000 4 33,917,673,015 2 9,709,895,542 3 30,367,506,906 ( 12,845,160,346) 1 ,158,618,465,117 2 7,862,305,072 1 ,186,480,770,189 Balance as of June 30, 2016 Saldo per 1 Januari 2017 377,468,550,000 433,917,673,015 29,709,895,542 203,456,750,796 (21,580,734,189) 1,022,972,135,164 27,347,362,256 1,050,319,497,420 Balance as of January 1, 2017 Rugi Komprehensif Lain - - - - ( 6,438,400,257) ( 6,438,400,257) ( 136,906,188) (6,575,306,445) Other comprehensive loss Rugi bersih - - - ( 72,763,681,268) - ( 72,763,681,268) ( 544,320,585) ( 73,308,001,853) Net loss Saldo per 30 Juni 2017 3 77,468,550,000 4 33,917,673,015 2 9,709,895,542 1 30,693,069,528 ( 28,019,134,446) 9 43,770,053,639 2 6,666,135,483 9 70,436,189,122 Balance as of June 30 2017 ( 681,226,773) - 1 ,482,139,433,066 1 12,344,670,017 1 ,594,484,103,083 Catatan atas Laporan Keuangan Konsolidasian merupakan bagian Accompanying Notes to Consolidated Financial Statements yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. are an integral part of the consolidated financial statements. 4 PT JAYA AGRA WATTIE Tbk DAN ENTITAS ANAK PT JAYA AGRA WATTIE Tbk AND ITS SUBSIDIARIES LAPORAN ARUS KAS KONSOLIDASIAN INTERIM INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS PERIODE ENAM BULAN YANG BERAKHIR PADA TANGGAL FOR THE SIX-MONTHS PERIODS ENDED 30 Juni 2017 (Tidak Diaudit) June 30, 2017 (Unaudited) (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated) 30 Juni/ Catatan/ 30 Juni/ June 30, 2017 Notes June 30, 2016 ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES Penerimaan kas dari pelanggan 279,291,530,347 315,063,688,662 Cash received from customers Pembayaran kas kepada pemasok, Cash paid to suppliers, karyawan dan lain-lain (157,067,954,148) (181,271,592,468) employees and others Kas dihasilkan dari operasi 122,223,576,199 133,792,096,194 Cash generated from operations Pembayaran beban bunga (58,502,840,429) (97,493,777,947) Interest paid Penerimaan atas pajak lebih bayar Receipt of overpayment from dari kantor pajak 3,222,022,293 945,862,183 the tax office Pembayaran pajak penghasilan (5,545,018,574) (202,934,975) Income tax paid Kas Bersih Diperoleh Dari Net Cash Provided by Aktivitas Operasi 61,397,739,489 37,041,245,455 Operating Activities ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES Penerimaan bunga 48,620,381 307,101,361 Interest received Penambahan bibitan (55,188,275) (557,625,402) Increase in nurseries Penambahan tanaman belum menghasilkan (4,259,077,080) 9 (22,150,411,085) Increase in immature plantations Perolehan aset tetap (959,098,965) 10 (21,566,068,723) Acquisition of fixed assets Hasil penjualan aset tetap - 1,905,569,537 Proceed from sales fixed assets Kas Bersih Digunakan Untuk Aktivitas Investasi (5,224,743,939) (42,061,434,312) Net Cash Used in Investing Activities ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES Pembayaran kepada plasma (14,866,693,812) (2,786,492,623) Payment to plasma Perolehan utang bank - 12 31,000,000,000 Proceeds from bank loan Perolehan utang bank jangka panjang 30,428,902,944 17 20,182,000,000 Proceeds from long-term bank loans Pembayaran utang bank jangka panjang (69,956,999,998) 17 (51,614,865,491) Payment of long-term bank loans Kas Bersih Digunakan Untuk Aktivitas Pendanaan (54,394,790,866) (3,219,358,114) Net Cash Used for Financing Activities KENAIKAN (PENURUNAN) BERSIH KAS NET INCREASE (DECREASE) IN CASH DAN SETARA KAS 1,778,204,684 (8,239,546,971) AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT KAS DAN SETARA KAS AWAL PERIODE 5,988,482,405 22,003,007,811 BEGINNING OF PERIOD CASH AND CASH EQUIVALENTS AT KAS DAN SETARA KAS AKHIR PERIODE 7 ,766,687,089 1 3,763,460,840 END OF PERIOD Aktivitas yang tidak mempengaruhi arus kas: Noncash activities: Reklasifikasi dari bibitan ke tanaman Reclassification of nurseries belum menghasilkan #REF! 9,662,397,383 to immature plantations Kapitalisasi biaya pinjaman pada tanaman Capitalization of borrowing cost guna usaha #REF! 4,274,800,000 through obligation under finance lease Reklasifikasi uang muka pembelian aset tetap Reclassification of advance for the purchase ke aset tetap 11,187,111,501 11,187,111,501 of fixed assets to fixed assets Penambahan tanaman belum menghasilkan dari Increase in immature plantation through Penambahan tanaman belum menghasilkan dari Catatan terlampir merupakan bagian yang tidak terpisahkan dari The accompany notes form an integral part of laporan keuangan konsolidasian secara keseluruhan. these consolidated financial statements. 5 PT JAYA AGRA WATTIE Tbk PT JAYA AGRA WATTIE Tbk DAN ENTITAS ANAK AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED KONSOLIDASIAN FINANCIAL STATEMENTS Tanggal 30 Juni 2017 dan As of June 30, 2017 and Tahun Yang Berakhir Pada Tanggal Tersebut For The Year Then Ended (Disajikan dalam Rupiah, (Expressed in Rupiah, kecuali dinyatakan lain) unless otherwise stated) 1. UMUM 1. GENERAL a. Pendirian dan Informasi Umum a. Establishment and General Information PT Jaya Agra Wattie Tbk (“Perusahaan”) PTJaya Agra Wattie Tbk (the "Company") was didirikan dengan nama Handel Maatschappij founded under the name of Handel J.A. Wattie and Company Limited, suatu Maatschappij J.A.Wattie and Company perseroan terbatas yang tunduk pada hukum Limited, a limited liability company subject to Negara Republik Indonesia, berdasarkan akta the laws of the Republic of Indonesia, pursuant pendirian Naamlooze Vennotschap No. 157, to the deed Naamlooze Vennotschap No. 157 tanggal 20 Januari 1921 dari Pieter van der dated January 20, 1921 of Pieter van der Meer, Notaris di Surabaya.Telah memperoleh Meer, Notary in Surabaya.The Company’s pengesahan dari Gubernur Jenderal Hindia establishment was approved by the Governor- Belanda, sesuai dengan Daftar Petikan General of the Dutch East Indies, according to Keputusan Gubernur Jenderal Hindia Belanda the List Decision of the Governor-General of (Register der Besluiten van den Gouverneur the Dutch East Indies(Register der Besluiten Generaal van Nederlandsch-Indie) No. 69 van den Gouverneur General van tanggal 4 Juni 1921, dan telah didaftarkan pada Nederlandsch-Indie) No.69 dated June 4, Daftar Panitera Pengadilan Negeri Surabaya 1921, which had been listed in the Surabaya (Raad van Justitie te Soerabaja) di bawah District Court Clerk List (Raad van Justitiete No. 232 pada tanggal 4 Agustus 1921, dan Soerabaja) under No. 232 on August 4,1921 selanjutnya telah diumumkan dalam Berita and was published subsequently in the State Negara (Extra-Bijvoegsel der Javasche Courant) Gazette (Extra-Bijvoegsel der Javasche No. 90, tanggal 11 Nopember 1921, Tambahan Courant) No.90, dated November 11,1921, No. 689. Anggaran dasar Perusahaan telah Supplement No. 689. The Company’s Articles mengalami beberapa kali perubahan, terakhir of Association have been amended several dengan akta No. 156 tanggal 13 Juni 2013 dari times, most recently by Notarial Deed No. 156 Ardi Kristiar, S.H, MBA., Notaris di Jakarta, dated June 13, 2013 of Ardi Kristiar, S.H, mengenai perubahan susunan pengurus MBA., Notary in Jakarta, regarding changes in Perusahaan. Akta perubahan ini telah diterima the Company’s management. This change has dan dicatat oleh Departemen Hukum dan Hak been accepted and recorded by the Asasi Manusia Republik Indonesia dengan Surat Department of Law and Human Rights of the No. AHU-AH.01.10-28645 tanggal 12 Juli 2013. Republic of Indonesia in its Letter No. AHU- AH.01.10-28645 dated July 12, 2013. Sesuai dengan Pasal 3 Anggaran Dasar In accordance with Article 3 of the Company’s Perusahaan, ruang lingkup kegiatan Perusahaan Articles of Association, the scope of its meliputi bidang pembangunan, perdagangan, activities is toengage in development, trading, perindustrian, pengangkutan, pertanian, industry, forwarding, agriculture, printing, percetakan, perbengkelan dan jasa. Saat ini workshop and provision of services. Currently, kegiatan utama Perusahaan adalah bertindak the Company, as its main activity, acts as a sebagai manajer umum dari entitas anak untuk general manager of its subsidiaries to manage mengatur dan mengendalikan produksi dan and control the productions and sales of penjualan hasil perkebunan karet, kopi, teh, rubber, coffee, tea, cocoa, palm oil and other kakao, kelapa sawit dan produk-produk agriculture produce. perkebunan lainnya. Perusahaan mulai beroperasi secara komersial The Company started its commercial pada tanggal 20 Januari 1921. operations on January 20, 1921. Perusahaan berdomisili di Jakarta dengan kantor The Company is domiciled in Jakarta with its beralamat di Wisma BSG Lt. 8, Jl Abdul Muis head office address is at Wisma BSG 8th Floor, No. 40, Jakarta 10160. Jl. Abdul Muis No. 40, Jakarta 10160. b. Entitas Induk dan Entitas Induk Terakhir b. Parent and Ultimate Parent Entitas induk dan entitas induk terakhir The Company’s parent entity and ultimate Perusahaan adalah PT Sinar Kasih Abadi. parent entity is PT Sinar Kasih Abadi. 6 PT JAYA AGRA WATTIE Tbk PT JAYA AGRA WATTIE Tbk DAN ENTITAS ANAK AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED KONSOLIDASIAN FINANCIAL STATEMENTS Tanggal 30 Juni 2017 dan As of June 30, 2017 and Tahun Yang Berakhir Pada Tanggal Tersebut For The Year Then Ended (Disajikan dalam Rupiah, (Expressed in Rupiah, kecuali dinyatakan lain) unless otherwise stated) 1. UMUM (lanjutan) 1. GENERAL (continued) c. Penawaran Umum Efek Perusahaan c. Public Offering of Shares of the Company Berdasarkan surat Badan Pengawas Pasar Based on Capital Market Supervisory Agency Modal - Lembaga Keuangan (Bapepam - LK) and Financial Institution (Bapepam - LK), selanjutnya menjadi Otoritas Jasa Keuangan currently known as the Indonesian Indonesia (OJK) No. S-5586/BL/2011 tanggal Financial Services Authority (OJK) letter 20 Mei 2011, penawaran umum perdana saham No. S-5586/BL/2011 dated May 20, 2011,the biasa Perusahaan kepada masyarakat sebanyak initial public offering of 1,132,405,500 shares 1.132.405.500 saham dengan nilai nominal with nominal value of Rp 100 per share at a Rp 100 per saham dengan harga penawaran price of Rp 500 per share was deemed sebesar Rp 500 per saham telah menjadi efektif. effective. All of the Company’s shares were Seluruh saham Perusahaan telah dicatatkan listed in the Indonesian Stock Exchange. pada Bursa Efek Indonesia. d. Karyawan, Direksi dan Komisaris d. Employees, Directors and Commissioners Jumlah karyawan tetap Grup adalah 2.234 dan The Company and its subsidiaries had a total 2.400 karyawan masing-masing pada tanggal number of permanent employees of 2,234 and 30 Juni 2017 dan 31 Desember 2016. 2,400 as of June 30, 2017 andas of December 2016, respectively. Susunan pengurus Perusahaan pada tanggal The Company’s management as of June 30, 30 Juni 2017 dan 31 Desember 2016 adalah 2017 and December 31, 2016 is as follows: masing-masing sebagai berikut: 30 Juni/ June, 30 2017 Boards of Commissioners and Dewan Komisaris dan Direksi Directors__ Komisaris Utama Bambang Sugianto Ibrahim President Commissioner Komisaris Soedarniati Harnyoto Sudrajat Commissioner Komisaris Independen Ratna Widjaja Independent Commissioner Direktur Utama Harijadi Soedarjo President Director Direktur Harli Wijayadi Directors Muhadi Rohadi Direktur Independen Sudarmanto Independent Director Komite Audit Audit Committee Ketua Ratna Widjaja Chairman Anggota Yeti Suhandi Members Nia Budhiyanti Pada tanggal 30 Juni 2017,sekretaris As of June 30, 2017, the Corporate Secretary Perusahaan adalah Harli Wijayadi. of the Company is Harli Wijayadi. Pada tanggal 30 Juni 2017 dan 31 Desember As of June 30, 2017 and December 31, 2016, 2016, ketua Satuan Kerja Audit Intern the chairman of the Internal Audit Unit of the Perusahaan adalah Sahat TM Simamora Company is Sahat TM Simamoira 7