Yang Berakhir Pada Tanggal 30 September 2018 Dan And 30

Yang berakhir pada tanggal 30 september 2018 dan and

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Yang Berakhir Pada Tanggal 30 September 2018 Dan September 30, 2018 And 30 September 2017 (Tidak Diaudit) Dan September 30, 2017 (Unaudited) Untuk Tahun Yang Berakhir Pada Tanggal And For The Years Ended 31 Desember 2017 dan 31 Desember 2016 December 31, 2017 And December 31, 2016 (Disajikan dalam Rupiah, Kecuali Dinyatakan Lain) (Expressed in Rupiah, Unless Otherwise Stated) 15. MODAL SAHAM (Lanjutan) 15. CAPITAL STOCK (Continued) Manajemen modal Capital management Tujuan utama pengelolaan modal adalah untuk memastikan pemeliharaan rasio modal yang sehat untuk mendukung usaha dan memaksimalkan imbalan bagi pemegang saham. Perusahaan dan Entitas Anak mengelola struktur permodalan dan melakukan penyesuaian, berdasarkan perubahan kondisi ekonomi. Untuk memelihara dan menyesuaikan struktur permodalan, Perusahaan dan Entitas Anak dapat menyesuaikan pembayaran dividen kepada pemegang saham, imbalan modal kepada pemegang saham atau menerbitkan saham baru. The primary objective of the capital management is to ensure that it maintains healthy capital ratios in order to support its business and to maximize shareholder value. The Company and Subsidiaries manage their capital structure and make adjustments to it, in line of changes in economic conditions. To maintain or adjust the capital structure, the Company and Subsidiaries may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares. Perusahaan dan Entitas Anak mengawasi modal dengan menggunakan rasio pengungkit ( gearing ratio ), dengan membagi utang bersih dengan jumlah modal. Kebijakan Perusahaan adalah menjaga rasio pengungkit dalam kisaran dari perusahaan terkemuka dalam industri untuk mengamankan pendanaan terhadap biaya yang rasional. Utang bersih dihitung sebagai pinjaman (utang bank jangka pendek dan jangka panjang serta utang sewa pembiayaan) ditambah utang usaha, beban masih harus dibayar dan utang lain-lain serta dikurangi kas dan bank. Jumlah modal dihitung sebagai ekuitas seperti yang disajikan dalam laporan posisi keuangan konsolidasian. Perhitungan rasio pengungkit adalah sebagai berikut: The Company and Subsidiaries monitor their capital using gearing ratio, by dividing net debt with the total capital. The Company’s policy is to maintain a gearing ratio within the range of gearing ratios of the leading companies in the industry in order to secure funds at a reasonable cost. Net debt is calculated as borrowings (short-term and long-term bank loans and lease payable) plus trade payables, accrued expenses and other payables less cash and banks. The total capital is calculated as equity as shown in the consolidated statements of financial position. The computation of gearing ratio is as follows: 30 September 2018/ 31 Desember 2017/ September 30, 2018 December 31, 2017 Utang bank jangka pendek 88.830.196.113 68.511.770.044 Utang usaha 121.508.903.737 158.994.734.911 Beban masih harus dibayar 2.723.741.397 4.439.692.279 Utang lain-lain 1.116.262.484 992.980.168 Utang bank jangka panjang 18.773.333.328 22.613.333.331 Utang sewa pembiayaan 2.811.805.190 1.843.887.211 Jumlah 235.764.242.249 257.396.397.944 Dikurangi kas dan bank 8.617.966.086 9.115.361.639 Utang bersih 227.146.276.163 248.281.036.305 Jumlah ekuitas 256.292.183.886 229.422.823.176 Rasio pengungkit 0,89 1,08
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