FINANCIAL REVIEW

SHORT-TERM INVESTMENTS

Short-term investments in 2021 reached Rp5.72 trillion, a decrease of 48.46% or Rp5.38 trillion compared to Rp11.09 trillion in 2020. The decrease was due to a decrease in time deposits and traded securities, which decreased by Rp5.23 trillion and Rp143.79 billion, respectively.

TRADE RECEIVABLES - NET

Trade receivables - net in 2021 reached Rp1.52 trillion, a decrease of 2.61% or Rp40.70 billion compared to Rp1.56 trillion in 2020. The decrease was due to a decrease in trade receivables from third parties and related parties, which decreased by Rp24.47 billion and Rp16.22 billion, respectively.

OTHER RECEIVABLES-NET

Other receivables - net in 2021 reached Rp1.28 trillion, a decrease of 9.81% or Rp139.24 billion compared to Rp1.42 billion in 2020. The decrease was mainly due to a decrease in other receivables from related parties of Rp162.70 billion.