PT INDOFOOD SUKSES MAKMUR TBK

STATEMENT OF FINANCIAL POSITION

FIRST QUARTER ON 2014-2017

ACCOUNTS 2014 2015

Current assets
Cash and Cash Equivalents 14,576,800,000,000 13,014,800,000,000
Accounts Receivable 4,759,700,000,000 4,793,300,000,000
Inventories - Net 8,475,800,000,000 9,344,600,000,000
Assets of disposial group classified as held for sale - 12,121,400,000,000
Other Current Assets 7,092,000,000,000 3,042,300,000,000
Total Current Assets 34,904,300,000,000 42,315,800,000,000
Fixed Assets
Plantations, Property, Plant & Equipment-Net 31,215,500,000,000 30,697,900,000,000
Other Non-Current Assets 15,236,600,000,000 15,547,900,000,000
Total Fixed Assets 46,452,100,000,000 46,245,800,000,000
Total Assets 81,356,300,000,000 88,561,700,000,000
Liabilities
Currents Liabilities 13,220,500,000,000 23,507,000,000,000
Long Term Liabilites 8,314,400,000,000 23,676,300,000,000
Total Liabilities 42,110,100,000,000 47,183,300,000,000
Total Equity 39,246,200,000,000 41,378,400,000,000

Saham Minoritas 15,018,700,000,000 15,219,400,000,000

Liabilities and Equity 81,356,300,000,000 88,561,700,000,000
R TBK
ITION
17

2016 2017

12,968,700,000,000 13,302,400,000,000
5,446,500,000,000 5,874,800,000,000
7,875,100,000,000 9,045,400,000,000
13,521,800,000,000 -
2,886,800,000,000 2,480,900,000,000
42,698,900,000,000 30,703,600,000,000

34,912,500,000,000 35,224,000,000,000
14,749,400,000,000 18,769,900,000,000
49,661,900,000,000 53,993,900,000,000
92,360,800,000,000 84,697,500,000,000

9,960,700,000,000 19,858,300,000,000
4,817,400,000,000 18,964,200,000,000 NI 1,387,500,000,000
47,885,900,000,000 38,822,500,000,000 T. Equity 39,246,200,000,000
44,474,900,000,000 45,874,900,000,000 ROE 3.5%

16,232,200,000,000 15,533,500,000,000
92,360,800,000,000 84,697,400,000,000
 870,100,000,000 1,085,500,000,000 1,204,900,000,000
41,378,400,000,000 44,474,900,000,000 45,874,900,000,000
2.1% 2.4% 2.6%
 PT INDOFOOD SUKSES MAKMUR Tbk
STATEMENT OF FINANCIAL POSITION
SECOND QUARTER ON 2014-2017

ACCOUNTS 2014 2015

Current assets
Cash and Cash Equivalents 14,346,500,000,000 12,403,700,000,000
Accounts Receivable 5,558,900,000,000 5,946,000,000,000
Inventories - Net 10,121,800,000,000 9,662,800,000,000
Assets of disposial group classified as held for sale - 12,455,700,000,000
Other Current Assets 8,561,700,000,000 3,298,300,000,000
Total Current Assets 38,588,900,000,000 43,766,500,000,000
Fixed Assets
Plantations, Property, Plant & Equipment-Net 32,437,500,000,000 32,637,100,000,000
Other Non-Current Assets 15,226,000,000,000 14,988,200,000,000
Total Fixed Assets 47,663,500,000,000 47,625,300,000,000
Total Assets 86,252,400,000,000 91,391,900,000,000
Liabilities
Currents Liabilities 23,599,500,000,000 27,714,100,000,000
Long Term Liabilites 23,036,500,000,000 23,043,700,000,000
Total Liabilities 46,636,000,000,000 50,757,800,000,000
Total Equity 39,616,400,000,000 40,634,100,000,000

Saham Minoritas 15,221,500,000,000 15,329,100,000,000

Liabilities and Equity 86,252,400,000,000 91,391,900,000,000
 2016

11,580,900,000,000
6,710,500,000,000
8,134,600,000,000
12,389,700,000,000
3,596,500,000,000
42,412,100,000,000

34,892,900,000,000
15,636,500,000,000
50,529,400,000,000
92,941,500,000,000

26,173,400,000,000
23,091,500,000,000
49,264,900,000,000
43,676,600,000,000

15,868,600,000,000
92,941,500,000,000
 PT INDOFOOD SUKSES MAKMUR Tbk
STATEMENT OF FINANCIAL POSITION
THIRD QUARTER ON 2014-2017

ACCOUNTS 2014 2015

Current assets
Cash and Cash Equivalents 14,157,600,000,000 11,583,900,000,000
Accounts Receivable 13,765,400,000,000 5,701,500,000,000
Inventories - Net 4,568,200,000,000 8,805,700,000,000
Assets of disposial group classified as held for sale 10,057,500,000,000 12,687,800,000,000
Other Current Assets 9,565,000,000,000 4,118,500,000,000
Total Current Assets 37,956,100,000,000 42,897,500,000,000
Fixed Assets
Plantations, Property, Plant & Equipment-Net 32,899,400,000,000 33,127,500,000,000
Other Non-Current Assets 15,339,500,000,000 14,843,800,000,000
Total Fixed Assets 48,238,900,000,000 47,971,300,000,000
Total Assets 86,195,000,000,000 90,868,800,000,000
Liabilities
Currents Liabilities 22,263,300,000,000 26,793,600,000,000
Long Term Liabilites 23,165,000,000,000 22,876,100,000,000
Total Liabilities 45,428,300,000,000 49,669,700,000,000
Total Equity 40,766,700,000,000 41,199,100,000,000

Saham Minoritas 15,429,100,000,000 15,460,500,000,000

Liabilities dan Equity 86,195,000,000,000 90,868,800,000,000
 2016

11,477,900,000,000
6,954,300,000,000
8,304,700,000,000
12,571,000,000,000
2,380,200,000,000
41,688,000,000,000

34,874,300,000,000
15,867,600,000,000
50,741,900,000,000
92,429,800,000,000

25,085,300,000,000
22,438,800,000,000
47,524,100,000,000
44,905,800,000,000

16,207,300,000,000
92,429,900,000,000
 PT INDOFOOD SUKSES MAKMUR Tbk
STATEMENT OF FINANCIAL POSITION
LAST QUARTER ON 2014-2016

ACCOUNTS 2014 2015

Current assets
Cash and Cash Equivalents 14,157,600,000,000 13,076,100,000,000
Accounts Receivable 4,339,700,000,000 5,116,600,000,000
Inventories - Net 8,454,800,000,000 7,627,400,000,000
Assets of disposial group classified as held for sale 11,832,900,000,000 14,375,100,000,000
Other Current Assets 2,210,700,000,000 2,621,600,000,000
Total Current Assets 40,995,700,000,000 42,816,700,000,000
Fixed Assets
Plantations, Property, Plant & Equipment-Net 30,325,000,000,000 34,226,000,000,000
Other Non-Current Assets 14,773,500,000,000 14,788,000,000,000
Total Fixed Assets 45,098,500,000,000 49,014,800,000,000
Total Assets 86,094,300,000,000 91,831,500,000,000
Liabilities
Currents Liabilities 22,681,700,000,000 25,107,500,000,000
Long Term Liabilites 23,138,400,000,000 23,602,400,000,000
Total Liabilities 45,820,100,000,000 48,709,900,000,000
Total Equity 40,274,200,000,000 43,121,600,000,000

Saham Minoritas 15,221,500,000,000 15,852,200,000,000

Liabilities dan Equity 86,094,300,000,000 91,831,500,000,000
 2016

13,362,200,000,000
5,204,500,000,000
8,469,800,000,000
-
1,948,900,000,000
28,985,400,000,000

35,137,700,000,000
18,051,400,000,000
53,189,100,000,000
82,174,500,000,000

19,219,400,000,000
19,013,700,000,000
38,233,100,000,000
43,941,400,000,000

14,967,100,000,000
82,174,500,000,000
 PT INDOFOOD SUKSES MAKMUR Tbk
STATEMENT OF INCOME
SECOND QUARTER ON 2014-2017

ACCOUNTS 2014 2015

Net Sales 16,365,600,000,000 15,021,100,000,000
Cost Of Goods Sold (12,074,800,000,000) (10,913,200,000,000)
Gross Profit 4,290,800,000,000 4,108,000,000,000
Selling and Distribution Expenses (1,325,300,000,000) (1,682,700,000,000)
General and Administrative Expenses (958,200,000,000) (809,800,000,000)
Other Operating Income 155,000,000,000 233,000,000,000
Other Operating Expenses (201,100,000,000) (98,500,000,000)
Earning Before Interest and Tax (EBIT) 1,961,700,000,000 1,749,900,000,000
Finance Income 883,400,000,000 186,300,000,000
Finance Expenses (438,100,000,000) (767,600,000,000)
Final Tax on Interest Income - -
Share in net income(loss) of Associates (44,800,000,000) (70,500,000,000)
Earning Before Tax 236,200,000,000 1,098,000,000,000
Net Income After Tax 1,764,800,000,000 908,500,000,000

Minority Interest (377,300,000,000) (38,400,000,000)

Net Income (NI) 1,387,500,000,000 870,100,000,000
MUR Tbk
ME
4-2017

2016 2017
16,515,800,000,000 17,843,900,000,000
(11,901,600,000,000) (12,464,300,000,000)
4,614,200,000,000 5,370,500,000,000
(1,859,300,000,000) (1,919,200,000,000)
(863,000,000,000) (890,100,000,000)
136,600,000,000 170,900,000,000
(149,500,000,000) (144,500,000,000)
1,878,900,000,000 2,587,600,000,000
338,400,000,000 193,600,000,000
(408,100,000,000) (324,100,000,000)
- (30,300,000,000)
(78,400,000,000) (70,000,000,000)
1,730,700,000,000 2,356,800,000,000
1,363,200,000,000 1,762,100,000,000

(277,700,000,000) (557,200,000,000)
1,085,500,000,000 1,204,900,000,000
 PT INDOFOOD SUKSES MAKMUR Tbk
STATEMENT OF INCOME
SECOND QUARTER ON 2014-2017

ACCOUNTS 2014 2015

Net Sales 31,483,600,000,000 32,634,700,000,000
Cost Of Goods Sold (22,973,000,000,000) (23,682,400,000,000)
Gross Profit 8,510,500,000,000 8,952,300,000,000
Selling and Distribution Expenses (2,959,100,000,000) (3,587,700,000,000)
General and Administrative Expenses (1,852,000,000,000) (1,735,100,000,000)
Other Operating Income 302,800,000,000 428,300,000,000
Other Operating Expenses (169,500,000,000) (207,100,000,000)
Earning Before Interest and Tax (EBIT) 3,832,700,000,000 3,850,700,000,000
Finance Income 434,300,000,000 374,800,000,000
Finance Expenses (758,400,000,000) (1,482,100,000,000)
Final Tax on Interest Income - -
Share in net income(loss) of Associates (73,900,000,000) (174,400,000,000)
Earning Before Tax 3,434,700,000,000 2,569,000,000,000
Net Income After Tax 3,027,000,000,000 2,120,900,000,000

Minority Interest (709,600,000,000) (390,000,000,000)

Net Income (NI) 2,317,400,000,000 1,730,900,000,000
 2016
34,084,100,000,000
(24,284,200,000,000)
9,799,900,000,000
(3,661,200,000,000)
(1,988,400,000,000)
258,100,000,000
(394,400,000,000)
4,014,000,000,000
572,800,000,000
(803,300,000,000)
-
(194,400,000,000)
3,589,000,000,000
2,757,300,000,000

(526,300,000,000)
2,231,000,000,000
 PT INDOFOOD SUKSES MAKMUR Tbk
STATEMENT OF INCOME
THIRD QUARTER ON 2014-2017

ACCOUNTS 2014 2015

Net Sales Rp 46,882,000,000,000 Rp 47,564,000,000,000
Cost Of Goods Sold Rp (34,337,400,000,000) Rp (34,696,900,000,000)
Gross Profit Rp 13,619,900,000,000 Rp 12,867,100,000,000
Selling and Distribution Expenses Rp (4,643,700,000,000) Rp (5,203,400,000,000)
General and Administrative Expenses Rp (3,071,000,000,000) Rp (2,581,200,000,000)
Other Operating Income Rp 385,200,000,000 Rp 595,600,000,000
Other Operating Expenses Rp (235,900,000,000) Rp (253,400,000,000)
Earning Before Interest and Tax (EBIT) Rp 6,054,500,000,000 Rp 5,424,800,000,000
Finance Income Rp 626,700,000,000 Rp 457,000,000,000
Finance Expenses Rp (1,247,900,000,000) Rp (2,975,200,000,000)
Final Tax on Interest Income Rp - Rp -
Share in net income(loss) of Associates Rp (41,400,000,000) Rp (283,800,000,000)
Earning Before Tax Rp 5,392,000,000,000 Rp 2,622,800,000,000
Net Income After Tax Rp 3,979,100,000,000 Rp 2,107,500,000,000

Minority Interest Rp (949,700,000,000) Rp (423,900,000,000)

Net Income (NI) Rp 3,029,400,000,000 Rp 1,683,600,000,000
 2016

Rp 14,561,900,000,000
Rp (5,517,400,000,000)
Rp (2,919,100,000,000)
Rp 308,800,000,000
Rp (502,100,000,000)
Rp 5,932,100,000,000
Rp 904,300,000,000
Rp (1,191,700,000,000)
Rp -
Rp (187,000,000,000)
Rp 5,457,800,000,000
Rp 4,099,800,000,000

Rp (859,700,000,000)
Rp 3,240,100,000,000
 PT INDOFOOD SUKSES MAKMUR Tbk
STATEMENT OF INCOME
LAST QUARTER ON 2014-2017

ACCOUNTS 2014 2015 2016

Net Sales 63,594,500,000,000 64,061,900,000,000 66,750,300,000,000
Cost Of Goods Sold (46,544,600,000,000) (46,803,900,000,000) (47,321,900,000,000)
Gross Profit 17,049,800,000,000 17,258,100,000,000 19,428,400,000,000
Selling and Distribution Expenses (6,247,200,000,000) (6,885,600,000,000) (7,168,000,000,000)
General and Administrative Expenses (3,928,200,000,000) (3,495,400,000,000) (3,988,900,000,000)
Other Operating Income 727,000,000,000 859,200,000,000 642,400,000,000
Other Operating Expenses (392,600,000,000) 373,300,000,000 (628,900,000,000)
Earning Before Interest and Tax (EBIT) 7,208,700,000,000 7,362,900,000,000 8,285,000,000,000
Finance Income 692,600,000,000 735,900,000,000 1,050,700,000,000
Finance Expenses (1,553,000,000,000) (2,665,700,000,000) (1,574,200,000,000)
Final Tax on Interest Income - (136,700,000,000) (130,600,000,000)
Share in net income(loss) of Associates (119,100,000,000) 334,300,000,000 (245,700,000,000)
Earning Before Tax 6,229,300,000,000 4,962,100,000,000 7,385,200,000,000
Net Income After Tax 5,146,300,000,000 3,709,500,000,000 5,266,900,000,000

Minority Interest (1,260,900,000,000) (741,500,000,000) (1,122,300,000,000)

Net Income (NI) 3,885,400,000,000 2,968,000,000,000 4,144,600,000,000
 PT INDOFOOD SUKSES MAKMUR Tbk
STATEMENT OF CASH FLOW
FIRST QUARTER ON 2014-2017

ACCOUNTS 2014 2015

CASH FLOW STATEMENT
Operating Activities 1,948,300,000,000 277,000,000,000
Financing Activities 2,287,300,000,000 162,200,000,000
Net Cash Flow Activities (2,930,300,000,000) (1,540,000,000,000)
Net Effects of Changes in Exchanges Rates (405,500,000,000) (244,600,000,000)
on Cash and Equivalents
Net Increase in Cash & Cash Equivalents 899,800,000,000 (1,345,400,000,000)
Cash & Cash Equivalents at Beginning of Periode 13,518,700,000,000 14,040,400,000,000
Cash & Cash Equivalents at End Of Period 14,418,500,000,000 12,695,000,000,000
UR Tbk
W
017

2016 2017

430,900,000,000 268,600,000,000
1,131,900,000,000 1,190,200,000,000
(1,488,900,000,000) (1,484,300,000,000)
(171,600,000,000) (34,200,000,000)

(97,700,000,000) (59,800,000,000)
12,962,000,000,000 13,362,200,000,000
12,864,300,000,000 13,302,400,000,000
 PT INDOFOOD SUKSES MAKMUR Tbk
STATEMENT OF CASH FLOW
LAST QUARTER ON 2014-2017

ACCOUNTS 2014 2015

CASH FLOW STATEMENT
Operating Activities Rp 3,953,700,000,000 Rp 3,295,600,000,000
Financing Activities Rp 2,965,100,000,000 Rp (1,269,500,000,000)
Net Cash Flow Activities Rp (6,004,700,000,000) Rp (4,138,200,000,000)
Net Effects of Changes in Exchanges Rates Rp (113,600,000,000) Rp 338,900,000,000
on Cash and Equivalents
Net Increase in Cash & Cash Equivalents Rp 800,500,000,000 Rp (1,773,200,000,000)
Cash & Cash Equivalents at Beginning of Periode Rp 13,518,700,000,000 Rp 14,040,400,000,000
Cash & Cash Equivalents at End Of Period Rp 14,319,200,000,000 Rp 12,267,200,000,000
 2016

Rp 1,634,600,000,000
Rp (3,454,300,000,000)
Rp 639,400,000,000
Rp (203,300,000,000)

Rp (1,383,600,000,000)
Rp 12,962,000,000,000
Rp 11,578,400,000,000
 PT INDOFOOD SUKSES MAKMUR Tbk
STATEMENT OF CASH FLOW
THIRD QUARTER ON 2014-2017

ACCOUNTS 2014 2015

CASH FLOW STATEMENT
Operating Activities Rp 6,364,400,000,000 Rp 2,918,300,000,000
Financing Activities Rp 1,886,000,000,000 Rp (1,212,900,000,000)
Net Cash Flow Activities Rp (8,173,900,000,000) Rp (5,068,600,000,000)
Net Effects of Changes in Exchanges Rates Rp 11,900,000,000 Rp 842,200,000,000
on Cash and Equivalents
Net Increase in Cash & Cash Equivalents Rp 88,400,000,000 Rp (2,521,000,000,000)
Cash & Cash Equivalents at Beginning of Periode Rp 13,518,700,000,000 Rp 14,040,400,000,000
Cash & Cash Equivalents at End Of Period Rp 13,607,100,000,000 Rp 11,519,400,000,000
 2016

Rp 1,634,600,000,000
Rp (3,454,300,000,000)
Rp 639,400,000,000
Rp (203,300,000,000)

Rp (1,383,600,000,000)
Rp 12,962,000,000,000
Rp 11,578,400,000,000
 PT INDOFOOD SUKSES MAKMUR Tbk
STATEMENT OF CASH FLOW
LAST QUARTER ON 2014-2017

ACCOUNTS 2014 2015

CASH FLOW STATEMENT
Operating Activities Rp 6,364,400,000,000 Rp 4,213,600,000,000
Financing Activities Rp 1,886,000,000,000 Rp (140,800,000,000)
Net Cash Flow Activities Rp (8,173,900,000,000) Rp (5,665,900,000,000)
Net Effects of Changes in Exchanges Rates Rp 11,900,000,000 Rp 514,700,000,000
on Cash and Equivalents
Net Increase in Cash & Cash Equivalents Rp 88,400,000,000 Rp (1,078,400,000,000)
Cash & Cash Equivalents at Beginning of Periode Rp 13,518,700,000,000 Rp 14,040,400,000,000
Cash & Cash Equivalents at End Of Period Rp 13,607,100,000,000 Rp 12,962,000,000,000
 2016

Rp 7,175,600,000,000
Rp (5,807,900,000,000)
Rp (848,800,000,000)
Rp (118,700,000,000)

Rp 400,200,000,000
Rp 12,962,000,000,000
Rp 13,362,200,000,000
 PT INDOFOOD SUKSES MAKMUR Tbk
FINANCIAL AND OPERATING RATIOS
FIRST QUARTER ON 2014-2017

2014 2015 2016

Profitability Ratio
ROA (NI*/T.Assets) 1.7% 1.0% 1.2%
ROE (NI*/T.Equity) 3.5% 2.1% 2.4%
ROCE (EBIT/T.Assets-Current Liab) 2.9% 2.7% 2.3%
Liquidity Ratio
Current Ratio 2.64 1.80 4.29
Solvabilitas Ratio
DER (X) (T.Liab/T.eq) 0.52 0.53 0.52

Outstanding Shares 8,780,426,500 8,780,426,500 8,780,426,500

Earning Per Share 158 99 124
Close Price 7,300 7,450 7,225
Book Value Per Share 4,470 4,713 5,065
PER (X) (ClosePrice/EPS*) 46.20 75.18 58.44
PBV (X) (Closerice/BV) 1.63 1.58 1.43
Op.Margin (%) (EBIT/Sales) 12.0% 11.6% 11.4%
 2017 2014 2015 2016 2017

1.4%
2.6%
4.0%

1.55

0.46

8,780,426,500
137
8,750
5,225
63.76
1.67
14.5%
 PT INDOFOOD SUKSES MAKMUR Tbk
FINANCIAL AND OPERATING RATIOS
SECOND QUARTER ON 2014-2017

2014 2015 2016

Profitability Ratio
ROA (NI*/T.Assets) 3.5% 2.3% 3.0%
ROE (NI*/T.Equity) 5.8% 4.3% 5.1%
ROCE (EBIT/T.Assets-Current Liab) 6.1% 6.0% 6.0%
Liquidity Ratio
Current Ratio 1.64 1.58 1.62
Solvabilitas Ratio
DER (X) (T.Liab/T.eq) 1.18 1.25 1.13

Outstanding Shares 8,780,426,500 8,780,426,500 8,780,426,500

Earning Per Share 264 197 254
Close Price 6,700 6,575 7,025
Book Value Per Share 4,512 4,628 4,974
PER (X) (ClosePrice/EPS*) 25.39 33.35 27.65
PBV (X) (Closerice/BV) 1.48 1.42 1.41
Op.Margin (%) (EBIT/Sales) 12.2% 11.8% 11.8%
 PT INDOFOOD SUKSES MAKMUR Tbk
FINANCIAL AND OPERATING RATIOS
THIRD QUARTER ON 2014-2017

2014 2015 2016

Profitability Ratio
ROA (NI*/T.Assets) 4.6% 2.3% 4.4%
ROE (NI*/T.Equity) 9.8% 5.1% 9.1%
ROCE (EBIT/T.Assets-Current Liab) 9.5% 8.5% 8.8%
Liquidity Ratio
Current Ratio 1.70 1.60 1.66
Solvabilitas Ratio
DER (X) (T.Liab/T.eq) 1.11 1.21 1.06

Share Outstanding 8,780,426,500 8,780,426,500 8,780,426,500

Earning Per Share 345 192 369
Close Price 7,000 5,500 8,700
Book Value Per Share 4,643 4,692 5,114
PER (X) (ClosePrice/EPS*) 20.29 28.68 23.58
PBV (X) (Closerice/BV) 1.51 1.17 1.70
Op.Margin (%) (EBIT/Sales) 44.5% 42.2% 40.7%
 PT INDOFOOD SUKSES MAKMUR Tbk
FINANCIAL AND OPERATING RATIOS
LAST QUARTER ON 2014-2017

2014 2015 2016

Profitability Ratio
ROA (NI*/T.Assets) 4.5% 3.2% 5.0%
ROE (NI*/T.Equity) 9.6% 6.9% 9.4%
ROCE (EBIT/T.Assets-Current Liab) 11.5% 10.8% 13.1%
Liquidity Ratio
Current Ratio 1.81 1.71 1.51
Solvabilitas Ratio
DER (X) (T.Liab/T.eq) 1.14 1.13 0.87

Share Outstanding 8,780,426,500 8,780,426,500 8,780,426,500

Earning Per Share 443 338 472
Close Price 6,750 5,175 7,925
Book Value Per Share 4,587 4,911 5,004
PER (X) (ClosePrice/EPS*) 15.25 15.31 16.79
PBV (X) (Closerice/BV) 1.47 1.05 1.58
Op.Margin (%) (EBIT/Sales) 11.3% 11.5% 12.4%