Page 58 - XL Axiata Integrated Anual Report 2020 ENG

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2020 Integrated Annual Report
EQUITY (In Rp Billion)
MANAGEMENT DISCUSSION & ANALYSIS
Share Capital - Authorised Capital Share Capital - Authorised Capital Retained Earnings
- Appropriated
- Unappropriated
TOTAL EQUITY
Equity
1,069 1,071
12,202 12,232
1 1
5,850 5,968
19,122 19,137
Description
2019
2020
Growth (%)
0.19
0.25
0
2.03
0.08
The Company’s equity as of 31 December 2020 increased by 0.08% to Rp19.14 from Rp19.12 trillion in
previous period. The increase was due additional paid-in capital of Rp30 billion
as well as an increase of retained earnings by 2.03% from Rp5.85 trillion to Rp5.97 trillion.
STATEMENTS OF PROFIT/(LOSS) AND OTHER COMPREHENSIVE INCOME (In Rp Billion)
Description
Gross Revenue
Operating Expenses
Earning Before Interest, Tax, Depreciation, and Amortization (EBITDA) Earning Before Interest & Tax (EBIT)
Profit/(Loss) For The Period
Other Comprehensive Income
Comprehensive Income For The Period
2019
25,150
15,158
9,966
2,603
713
13
726
2020
26,018
12,948
13,060
605
372
(26)
345
Growth (%)
3.45
-14.58
31.05
-76.76
-47.83
-300
-52.48
or 0.25% to Rp12.23 trillion,
Gross Revenue
The Company booked gross revenue of Rp26.02 trillion as of 31 December 2020, increased by 3.45% from Rp25.15 trillion in previous year. Data revenues was the largest contributor that reached Rp21.39 trillion. Second and third were derived by non-data revenues from Voice and SMS services of Rp2.83 trillion, while interconnection services revenue was Rp773.29 billion.
Operating Expenses
The Company’s operating expenses in 2020 was decreased by 14.58% to Rp12.95 trillion compared to Rp15.16 trillion in 2019. The decrease was due to the adoption of PSAK 73. Depreciation expenses increased from Rp7.33 trillion to Rp12.43 trillion, however infrastructure expenses decreased from Rp9.47 trillion to Rp7.97 trillion. Gain from tower sale and leaseback at Rp2.06 trillion was able to reduce the Company’s operating expenses in 2020.
Profit/Loss for the Year
PT. XL AXIATA TBK TRANSFORM FASTER TO EMERGE STRONGER – GIVING BACK TO THE NATION
The Company recorded a 47.83% decrease of profit for the year in 2020 to Rp371.60 billion from Rp712.58 billion in 2019. The decrease was mainly due to the increase in depreciation and amortization.
Other Comprehensive Income
The Company recorded loss of other comprehensive income of Rp26.42 billion, from previously recorded profit of Rp13.28 billion. This account was posted from remeasurement gains on defined benefit plan less related income tax expense.
Comprehensive Income for the Year
The Company’s comprehensive income for the year also decreased to Rp345.18 billion compared to Rp725,86 trillion in 2019. Basic earnings per share decreased from Rp67 to Rp35.