FS LK Mar 2019.pdf - PT GARUDA INDONESIA(PERSERO Tbk DAN ENTITAS ANAK\/AND ITS SUBSIDIARIES LAPORAN KEUANGAN KONSOLIDASIAN CONSOLIDATED FINANCIAL

FS LK Mar 2019.pdf - PT GARUDA INDONESIA(PERSERO Tbk DAN...

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Unformatted text preview: PT. GARUDA INDONESIA (PERSERO) Tbk DAN ENTITAS ANAK/AND ITS SUBSIDIARIES LAPORAN KEUANGAN KONSOLIDASIAN/ CONSOLIDATED FINANCIAL STATEMENTS 31 MARET 2019 (TIDAK DIAUDIT) DAN 31 DESEMBER 2018 DAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2019 DAN 2018 (TIDAK DIAUDIT)/ 31 MARCH 2019 (UNAUDITED) AND 31 DECEMBER 2018 AND FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2019 AND 2018 (UNAUDITED) PT. GARUDA INDONESIA (PERSERO) Tbk DAN ENTITAS ANAK LAPORAN KEUANGAN KONSOLIDASIAN 31 MARET 2019 (TIDAK DIAUDIT) DAN 31 DESEMBER 2018 DAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2019 DAN 2018 (TIDAK DIAUDIT) DAFTAR PT. GARUDA INDONESIA (PERSERO) Tbk AND ITS SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS 31 MARCH 2019 (UNAUDITED) AND 31 DECEMBER 2018 AND FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2019 AND 2018 (UNAUDITED) ISI CONTENTS Pernyataan Direksi Directors’ Statement Ekshibit/ Exhibit Laporan posisi keuangan konsolidasian A Consolidated statement of financial position Laporan laba rugi dan penghasilan komprehensif lain konsolidasian B Consolidated statement of profit or loss and other comprehensive income Laporan perubahan ekuitas konsolidasian C Consolidated statement of changes in equity Laporan arus kas konsolidasian D Consolidated statement of cash flows Catatan atas laporan keuangan konsolidasian E Notes to consolidated financial statement The original consolidated financial statements are in the Indonesian language Ekshibit A PT. GARUDA INDONESIA (PERSERO) Tbk DAN ENTITAS ANAK LAPORAN POSISI KEUANGAN KONSOLIDASIAN 31 MARET 2019 (TIDAK DIAUDIT) DAN 31 DESEMBER 2018 Catatan/ Notes Exhibit A PT. GARUDA INDONESIA (PERSERO) Tbk AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF FINANCIAL POSITION 31 MARCH 2019 (UNAUDITED) AND 31 DECEMBER 2018 31/03/2019 USD 31/12/2018 USD ASET ASSETS ASET LANCAR Kas dan setara kas 2f, 2g, 4 337.139.622 251.188.737 Kas dibatasi penggunaannya Piutang usaha Pihak berelasi Pihak ketiga - setelah dikurangi cadangan penurunan nilai sebesar USD 8.075.480 (31 Desember 2018: USD 7.792.676) 2f, 2g, 4 2f, 5 575.742 569.923 83.878.186 62.439.198 Piutang lain-lain Persediaan Uang muka dan biaya dibayar dimuka Pajak dibayar dimuka 2f, 2t, 6 2h, 7 2i, 8 2z, 9 395.539.853 283.790.229 185.952.888 201.214.878 29.075.578 351.661.479 280.808.848 176.457.029 209.635.668 24.213.858 1.517.166.976 1.356.974.740 Total aset lancar ASET TIDAK LANCAR Dana cadangan pemeliharaan dan uang jaminan Uang muka pembelian pesawat CURRENT ASSETS Cash and cash equivalents Restricted cash Trade receivables Related parties Third parties - net of allowance for impairment loss of USD 8,075,480 (31 December 2018: USD 7.792.676) Other receivables Inventories Advances and prepaid expenses Prepaid taxes Total current assets 2f, 10 2f, 11 2j, 12 2k, 13 2z, 9 1.644.900.067 172.018.882 584.860 81.331.929 45.318.589 1.683.138.397 172.007.581 673.004 81.155.552 54.178.361 2l, 14 2p, 15 2q 2f, 16 992.926.997 1.544.457 1.480.292 75.363.114 944.002.399 1.476.348 1.130.829 76.922.475 NON-CURRENT ASSETS Maintenance reserve fund and security deposits Advances for purchase of aircraft Investment in associates Investment properties Deferred tax assets Fixed assets - net of accumulated depreciation of USD 803,883,752 (31 December 2018: USD 757,552,862) Intangible assets Deferred charges Other non-current assets Total aset tidak lancar 3.015.469.187 3.014.684.946 Total non-current assets TOTAL ASET 4.532.636.163 4.371.659.686 TOTAL ASSETS Investasi pada entitas asosiasi Properti investasi Aset pajak tangguhan Aset tetap - setelah dikurangi akumulasi penyusutan sebesar USD 803.883.752 (31 Desember 2018: USD 757.552.862) Aset takberwujud Beban tangguhan Aset tidak lancar lain-lain Lihat catatan atas laporan keuangan konsolidasian pada Ekshibit E yang merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. See accompanying notes to consolidated financial statements on Exhibit E which are an integral part of the consolidated financial statements taken as whole. The original consolidated financial statements are in the Indonesian language Ekshibit A/2 PT. GARUDA INDONESIA (PERSERO) Tbk DAN ENTITAS ANAK LAPORAN POSISI KEUANGAN KONSOLIDASIAN 31 MARET 2019 (TIDAK DIAUDIT) DAN 31 DESEMBER 2018 Catatan/ Notes Exhibit A/2 PT. GARUDA INDONESIA (PERSERO) Tbk AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF FINANCIAL POSITION 31 MARCH 2019 (UNAUDITED) AND 31 DECEMBER 2018 31/03/2019 USD 31/12/2018 USD LIABILITAS DAN EKUITAS LIABILITAS JANGKA PENDEK Pinjaman jangka pendek Utang usaha Pihak berelasi Pihak ketiga Liabilitas anjak piutang Utang lain-lain Utang pajak Beban akrual Pendapatan diterima dimuka Uang muka diterima Liabilitas jangka panjang yang jatuh tempo dalam satu tahun: Pinjaman jangka panjang Liabilitas sewa pembiayaan Liabilitas estimasi biaya pengembalian dan pemeliharaan pesawat LIABILITIES AND EQUITY 2s, 17 2s, 18 906.120.430 1.047.132.765 2s, 19 2s, 2t, 20 2z, 9 2s, 21 2x, 2y, 22 2x 426.736.517 174.444.869 67.677.175 78.721.407 69.816.673 245.066.574 315.880.383 116.018.301 247.998.777 154.328.620 109.780.236 120.549.414 78.247.776 233.169.596 298.966.684 65.078.336 2s, 23 2n, 2s, 24 28.477.152 14.388.409 25.536.141 14.261.210 2v, 25 Total liabilitas jangka pendek LIABILITAS JANGKA PANJANG Liabilitas jangka panjang - setelah dikurangi bagian yang jatuh tempo dalam satu tahun: Pinjaman jangka panjang Liabilitas sewa pembiayaan Liabilitas estimasi biaya pengembalian dan pemeliharaan pesawat Utang obligasi Pendapatan diterima dimuka Liabilitas pajak tangguhan Liabilitas imbalan kerja Liabilitas tidak lancar lainnya 46.335.763 56.067.107 2.489.683.653 2.451.116.662 CURRENT LIABILITIES Short-term loans Trade payables Related parties Third parties Factoring liabilities Other payables Taxes payable Accrued expenses Unearned revenue Advances received Current maturities of long-term liabilities: Long-term loans Finance lease liabilities Estimated liability for aircraft return and maintenance cost Total current liabilities 2s, 23 2n, 2s, 24 99.131.959 48.946.421 77.536.546 52.588.888 2v, 25 2s, 26 2x, 2y, 22 2z, 9 2u, 27 2n, 28 172.923.440 497.377.102 88.469.553 819.008 124.154.626 40.015.310 124.895.098 496.845.180 95.556.331 788.664 120.506.890 41.637.055 NON-CURRENT LIABILITIES Long-term liabilities - net of current maturities: Long-term loans Finance lease liabilities Estimated liability for aircraft return and maintenance cost Bonds payable Unearned revenue Deferred tax liabilities Liabilities for employee benefits Other non-current liabilities Total liabilitas jangka panjang 1.071.837.419 1.010.354.652 Total non-current liabilities Total liabilitas 3.561.521.072 3.461.471.314 Total liabilities 1.310.326.950 23.526.520 EQUITY Share capital - Rp 459 par value per share for Series A Dwiwarna share and Series B shares Authorized - 1 of Series A Dwiwarna share and 29,999,999,999 Series B shares Issued and paid-up capital 1 Series A Dwiwarna share and 25,886,576,253 Series B shares Additional paid-in capital Retained earnings (deficit) Deficit amounting USD 1,385,459,977 as of 1 January 2012 was eliminated in connection with quasi reorganization (Note 52) - Appropriated - Unappropriated Other comprehensive income EKUITAS Modal saham - nilai nominal Rp 459 per saham untuk saham Seri A Dwiwarna dan saham Seri B Modal dasar - 1 saham Seri A Dwiwarna dan 29.999.999.999 saham Seri B Modal ditempatkan dan disetor 1 saham Seri A Dwiwarna dan 25.886.576.253 saham Seri B Tambahan modal disetor Saldo laba (defisit) Defisit sebesar USD 1.385.459.977 pada tanggal 1 Januari 2012 telah dieliminasi dalam rangka kuasi-reorganisasi (Catatan 52) - Dicadangkan - Belum dicadangkan Penghasilan komprehensif lain Ekuitas yang dapat diatribusikan kepada pemilik entitas induk Kepentingan non-pengendali Total ekuitas TOTAL LIABILITAS DAN EKUITAS 2w, 30 2w, 31 2c, 32 1.310.326.950 23.526.520 2d, 2l, 2t, 33 6.081.861 (395.006.016) (17.489.092) 6.081.861 (415.858.167) (60.691.932) 2b, 34 927.440.223 43.674.868 863.385.232 46.803.140 971.115.091 910.188.372 4.532.636.163 4.371.659.686 Equity attributable to owners of the parent Non-controlling interest Total equity TOTAL LIABILITIES AND EQUITY The original consolidated financial statements are in the Indonesian language Ekshibit B Exhibit B PT. GARUDA INDONESIA (PERSERO) Tbk DAN ENTITAS ANAK PT. GARUDA INDONESIA (PERSERO) Tbk AND ITS SUBSIDIARIES LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND KOMPREHENSIF LAIN KONSOLIDASIAN OTHER COMPREHENSIVE INCOME UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2019 DAN 2018 (TIDAK DIAUDIT) FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2019 AND 2018 (UNAUDITED) Catatan/ Notes 2019 2018 (tiga bulan/ (tiga bulan/ three months) three months) USD USD PENDAPATAN USAHA OPERATING REVENUES Penerbangan berjadwal 2x, 35 Penerbangan tidak berjadwal 2x, 35 Lainnya 2x, 35 Total 828.498.130 Scheduled airline services 2.867.631 19.769.542 Non-scheduled airline services 171.755.587 134.738.669 Others 1.099.554.216 983.006.341 Total 924.930.998 BEBAN USAHA OPERATING EXPENSES Beban operasional penerbangan 2x, 36 618.999.805 641.646.105 Flight operations expenses Beban pemeliharaan dan perbaikan 2x, 37 118.592.434 98.998.142 Maintenance and repairs expenses Beban bandara 2x, 38 98.494.386 Beban tiket, penjualan dan promosi 2x, 39 77.645.448 96.608.692 75.995.292 Ticketing, sales and promotion expenses Beban pelayanan penumpang 2x, 40 65.043.710 72.366.208 Passenger services expenses Beban administrasi dan umum 2x, 41 53.631.879 56.909.681 General and administrative expenses Beban operasional hotel 2x 7.855.068 7.410.520 Hotel operation expenses Beban operasional transportasi 2x 7.196.197 6.061.503 Transportation operations expenses Beban operasional jaringan 2x 2.361.978 3.904.059 Network operation expenses 1.049.820.905 1.059.900.202 Total Total PENDAPATAN (BEBAN) USAHA LAINNYA OTHER OPERATING INCOME (CHARGES) Kerugian selisih kurs Pendapatan lain-lain - bersih (7.395.394) 2x, 42 Bersih 49.473.863 Bagian laba bersih asosiasi Beban keuangan 10.097.135 Loss on foreign exchange 717.929 Other income - net 10.815.064 Net (66.078.797) 47.460 Equity in profit of associates 2x 1.120.268 987.351 Finance income 2m, 43 (20.691.715) (18.719.664) Finance cost 29.916.426 (83.763.650) PROFIT (LOSS) BEFORE TAX 2z, 9 (10.177.023) 19.491.502 19.739.403 (64.272.148) LABA (RUGI) TAHUN BERJALAN PENGHASILAN KOMPREHENSIF LAIN Item that will not be reclassified to profit or loss: Keuntungan (kerugian) aktuarial atas Beban pajak tangguhan terkait Actuarial gain (loss) on 2u, 27 664.224 2Z, 22 (166.056) (299.315) 498.168 897.943 Sub-total 1.197.258 Pos-pos yang akan direklasifikasi ke laba rugi: Related deferred tax expenses Sub-total Unrealized gain (loss) on 2t, 29 42.731.232 (2.233.412) Selisih kurs karena penjabaran laporan keuangan liabilities for employee benefits Item that will be reclassified to profit or loss Keuntungan (kerugian) belum direalisasi atas transaksi lindung nilai TAX EXPENSES PROFIT (LOSS) FOR THE YEAR OTHER COMPREHENSIVE INCOME Pos-pos yang tidak akan direklasifikasi ke laba rugi: liabilitas imbalan kerja PROFIT (LOSS) FROM OPERATIONS 14.010 LABA (RUGI) SEBELUM PAJAK BEBAN PAJAK 7.135.946 (259.448) LABA (RUGI) USAHA Pendapatan keuangan User charges and station expenses hedge transaction Exchange differences on translating 2d foreign operations (1.328.772) (1.965.222) Sub-total 41.402.460 (4.198.634) Sub-total Total penghasilan (kerugian) komprehensif lain 41.900.628 (3.300.691) Total other comprehensive income (loss) TOTAL KERUGIAN KOMPREHENSIF TAHUN BERJALAN 61.640.031 (67.572.839) TOTAL COMPREHENSIVE LOSS FOR THE YEAR 20.480.576 (65.344.370) LABA (RUGI) YANG DAPAT DIATRIBUSIKAN KEPADA PROFIT (LOSS) ATTRIBUTABLE TO Pemilik entitas induk Kepentingan non-pengendali 2b, 34 Total (741.173) 19.739.403 1.072.222 (64.272.148) TOTAL KERUGIAN KOMPREHENSIF YANG ATRIBUTABLE TO Pemilik entitas induk 2b, 34 Total LABA (RUGI) PER SAHAM DASAR Total TOTAL COMPREHENSIVE LOSS DAPAT DIATRIBUSIKAN KEPADA Kepentingan non-pengendali Owners of the parent Non-controlling interest 2aa, 44 64.054.991 (68.656.907) (2.414.960) 1.084.068 61.640.031 (67.572.839) 0,00079 (0,00252) Owners of the parent Non-controlling interest Total BASIC EARNINGS (LOSS) PER SHARE The original consolidated financial statements are in the Indonesian language Ekshibit C Exhibit C PT. GARUDA INDONESIA (PERSERO) Tbk DAN ENTITAS ANAK LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2019 DAN 2018 (TIDAK DIAUDIT) Catatan/ Notes Saldo per 01/01/2018 Tambahan modal disetor/ Additional paid-in capital USD Modal disetor/ Share capital USD PT GARUDA INDONESIA (PERSERO) Tbk AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES OF EQUITY FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2019 AND 2018 (UNAUDITED) Saldo laba (defisit)/ Retained earning (deficit) Belum Dicadangkan/ dicadangkan/ Appropriated Unappropriated USD USD Penghasilan komprehensif lain/Other comprehensive income Keuntungan (kerugian) belum Total direalisasi atas penghasilan Selisih transaksi komprehensif penjabaran lindung nilai/ lain/ Surplus laporan Unrealized Total revaluasi/ keuangan/ gain (loss) on Other Revaluation Translation hedge comprehensive reserves adjustment transaction income USD USD USD USD 1.310.326.950 23.526.520 6.081.861 (449.484.287) 204.911.975 - - - (65.344.370) - - - - - - - Saldo per 31/03/2018 1.310.326.950 23.526.520 Saldo per 01/01/2019 1.310.326.950 Laba (rugi) tahun berjalan Penghasilan (kerugian) komprehensif lain tahun berjalan Total penghasilan komprehensif tahun berjalan Laba (rugi) tahun berjalan Kerugian komprehensif lain tahun berjalan Total penghasilan komprehensif tahun berjalan Dividen oleh entitas anak kepada kepentingan non-pengendalinya Saldo per 31/03/2019 - 30.662.764 4.330.661 - - Total ekuitas/ Total equity USD 894.781.705 42.687.495 937.469.200 (65.344.370) 1.072.222 (64.272.148) Balance as of 01/01/2018 Profit (loss) for the year Other comprehensive income (loss) for the year Total comprehensive income for the year - (1.776.390) (2.233.412) (4.009.802) (3.312.537) 11.846 (3.300.691) (64.647.105) - (1.776.390) (2.233.412) (4.009.802) (68.656.907) 1.084.068 (67.572.839) 6.081.861 (514.131.392) 204.911.975 (233.020.468) 28.429.352 826.124.798 43.771.563 869.896.361 Balance as of 31/03/2018 23.526.520 6.081.861 (415.858.167) 239.111.321 (240.888.206) (58.915.047) 863.385.232 46.803.140 910.188.372 Balance as of 01/01/2019 - - - - - - - Profit (loss) for the year Other comprehensive income (loss) for the year Total comprehensive income for the year 320.859 (60.691.932) 20.480.576 - - - - 20.480.576 (741.173) 19.739.403 - 371.575 - 471.608 42.731.232 43.202.840 43.574.415 (1.673.787) 41.900.628 - 20.852.151 - 471.608 42.731.232 43.202.840 64.054.991 (2.414.960) 61.640.031 - - - 1.310.326.950 23.526.520 6.081.861 Lihat catatan atas laporan keuangan konsolidasian pada Ekshibit E yang merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. 697.265 (231.244.078) Ekuitas yang dapat diatribusikan kepada pemilik entitas induk/ Equity Kepentingan attributable to non-pengendali/ owners of Non-controlling the parent interests USD USD (395.006.016) 239.111.321 (240.416.598) (16.183.815) (17.489.092) 927.440.223 (713.312) 43.674.868 (713.312) 971.115.091 See accompanying notes to consolidated financial statements on Exhibit E which are an integral part of the consolidated financial statements taken as whole. Dividend by subsidiaries to their non-controling interest Balance as of 31/03/2019 The original consolidated financial statements are in the Indonesian language Ekshibit D Ekshibit D PT. GARUDA INDONESIA (PERSERO) Tbk DAN ENTITAS ANAK PT. GARUDA INDONESIA (PERSERO) Tbk AND ITS SUBSIDIARIES LAPORAN ARUS KAS KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2019 DAN 2018 (TIDAK DIAUDIT) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2019 AND 2018 (UNAUDITED) Catatan/ Notes ARUS KAS DARI AKTIVITAS OPERASI Penerimaan kas dari pelanggan 2019 (tiga bulan/ three months) 2018 (tiga bulan/ three months) USD USD 1.155.696.020 Pengeluaran kas kepada pemasok Pengeluaran kas kepada karyawan 1.001.782.142 CASH FLOWS FROM OPERATING ACTIVITIES Cash receipts from customers (805.469.872) (121.518.383) (893.574.823) (124.074.683) Cash paid to suppliers Cash paid to employees Kas dihasilkan dari operasi 228.707.765 (15.867.364) Cash generated from operations Pembayaran beban keuangan Pembayaran pajak penghasilan (15.252.702) (15.120.078) (1.676.055) (5.486.108) Financial costs paid Income taxes paid (36.473.550) Net cash provided from (used in) operating activities Kas bersih diperoleh dari (digunakan untuk) aktivitas operasi 211.779.008 ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES Penerimaan bunga Penerimaan pengembalian dana cadangan pemeliharaan pesawat Pengeluaran untuk dana cadangan pemeliharaan pesawat Penerimaan uang jaminan Pembayaran uang jaminan Uang muka pembelian pesawat Penerimaan dividen Hasil pelepasan aset tetap Perolehan aset tetap Pembayaran untuk aset pemeliharaan dan aset sewa pesawat Uang muka perolehan aset tetap Pengeluaran lainnya dari aktivitas investasi 1.135.528 65.556.252 7.245.222 (71.979.742) 11.219.244 (95.280.085) 768.700 (127.935) (341) (214.279) (120.103) 296.866 584.270 (951.560) 496.020 140 (6.541.316) (6.924.237) (4.668.243) (62.421) (362.096) Kas bersih digunakan untuk aktivitas investasi ARUS KAS DARI AKTIVITAS PENDANAAN Penerimaan pinjaman jangka pendek Pembayaran pinjaman jangka pendek Penerimaan pinjaman jangka panjang Pembayaran pinjaman jangka panjang Kenaikan (penurunan) kas yang dibatasi penggunaannya Kas bersih diperoleh dari aktivitas pendanaan Payments for security deposit Advance payments for purchase aircrafts Dividend received Proceeds from disposal of fixed assets Acquisition of fixed assets Payments for aircraft maintenance and aircraft leased asset Advance payments for fixed assets Payment to other investing activities 359.003.522 (506.389.513) 29.280.820 599.468.466 (447.004.874) - (8.317.158) 3.132.904 (19.712.263) 1.182.257 CASH FLOWS FROM FINANCING ACTIVITIES Proceeds of short-term loans Payments of short-term loans Proceeds of long-term loans Payments of long-term loan Increase (decrease) in restricted cash (1.815.237) (434.982) Payment for other financing activities PENURUNAN BERSIH KAS DAN SETARA KAS 84.947.776 251.188.737 Pengaruh perubahan kurs mata uang asing 1.003.109 2f, 2g, 53 Payments for aircraft maintenance reserve fund Receipts of security deposit (97.178.416) (125.104.662) KAS DAN SETARA KAS AWAL TAHUN - Interest received Receipts of aircraft maintenance reimbursements (1.726.570) Pembayaran untuk aktivitas pendanaan lainnya KAS DAN SETARA KAS AKHIR TAHUN 1.025.130 337.139.622 Lihat catatan atas laporan keuangan konsolidasian pada Ekshibit E yang merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. 133.498.604 (153.362) 305.717.850 (489.508) 305.074.980 Net cash used in investing activities Net cash provided from financing activities DECREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR Effect of foreign exchange rate changes CASH AND CASH EQUIVALENTS AT END OF THE YEAR See accompanying notes to consolidated financial statements on Exhibit E which are an integral part of the consolidated financial statements taken as whole. The original consolidated financial statements are in the Indonesian language Ekshibit E Exhibit E PT. GARUDA INDONESIA (PERSERO) Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 31 MARCH 2019 (UNAUDITED) AND DECEMBER 31 2018 AND FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2019 AND 2018 (UNAUDITED) PT. GARUDA INDONESIA (PERSERO) Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 31 MA...
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