The accompanying accounting policies and explanatory notes form an integral part of the financial statements. Consolidated statement of comprehensive income For the financial year ended 31 December 2023 Note 2023 2022 Rp million Rp million Revenue 4 16,002,817 17,797,065 Cost of sales 5 (12,721,023) (13,238,358) Gross profit 3,281,794 4,558,707 Selling and distribution expenses (488,231) (492,762) General and administrative expenses (754,443) (770,446) Foreign exchange (loss)/gain (1,663) 66,615 Other operating income 6 278,692 197,695 Other operating expenses 7 (399,070) (732,072) Share of results of associate companies (114,924) (41,281) Share of results of joint ventures 132,816 51,930 Gain/(loss) arising from changes in fair value of biological assets 13 12,873 (136,112) Profit from operations 8 1,947,844 2,702,274 Finance income 9 178,358 95,546 Finance expenses 10 (599,325) (579,912) Profit before tax 1,526,877 2,217,908 Income tax expenses 11 (590,657) (900,151) Net profit for the year 936,220 1,317,757 Profit for the year attributable to: Owners of the Company 614,244 769,977 Non-controlling interests 321,976 547,780 936,220 1,317,757 Other comprehensive income (“OCI”): Items that may be reclassified to profit or loss in subsequent periods Foreign currency translation 46,514 125,515 Items that will not be reclassified to profit or loss in subsequent periods Re-measurement gain of employee benefits liabilities 29 7,118 189,631 Income tax effect related to re-measurement gain of employee benefits liabilities 11 (1,566) (41,720) Share of OCI of an associate company and joint ventures 107,350 436,703 Other comprehensive income for the year, net of tax 159,416 710,129 Total comprehensive income for the year 1,095,636 2,027,886 Total comprehensive income attributable to: Owners of the Company 768,368 1,417,041 Non-controlling interests 327,268 610,845 Total comprehensive income for the year 1,095,636 2,027,886 Earnings per share (in Rupiah) 12 basic 440 552 diluted 440 552 63 GROUP OVERVIEW OPERATION AND FINANCIAL REVIEW SUSTAINABILITY & GOVERNANCE FINANCIALS OTHER INFORMATION Annual Report 2023
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