94.
INDOFOOD AGRI RESOURCES LTD
ANNUAL REPORT 2015
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For the financial year ended 31 December 2015
4.
REVENUE
Revenue mainly comprise of net sales of palm oil, rubber, sugar, edible oils, and other agricultural products.
During the years ended 31 December 2015 and 2014., sales of edible oils and fats products to PT Indofood CBP Sukses
Makmur Tbk (a related company) amounting to Rp1,526.3 billion, represented 11.03% of total consolidated revenue
(2014: Rp1,763.9 billion, represented 11.79%).
5.
COST OF SALES
Group
Note
2015
2014
(Restated)
Rp million
Rp million
Raw materials used
4,243,424
4,488,370
Harvesting, upkeep and cultivation costs
2,171,239
2,211,058
Manufacturing and other overhead expenses
3,294,116
3,373,272
Cost of inventories recognised as expense
22
776,170
622,501
Total
10,484,949
10,695,201
6.
OTHER OPERATING INCOME
Group
Note
2015
2014
Rp million
Rp million
Sundry sales of oil palm seedlings
8,659
13,872
Management fee income
6,968
703
Rental income
6,657
7,641
Sale of green palm certificates
9,232
22,126
Gain on disposal of property and equipment
1,725
7,176
Sale of scraps
2,973
6,674
Sale of palm kernel shells
18,739
6,913
Reversal of allowance for decline in market value and obsolescence
of inventories
22
21,682
–
Compensation for land and plantation
–
28,549
Others
55,193
40,174
Total
131,828
133,828
