FINANCIAL REVIEW

SHORT-TERM BANK LOANS

Short-term bank loans in 2021 reached Rp5.20 billion, an increase of 29.92% or Rp1.20 billion compared to Rp4.00 billion in 2020. The increase was due to an increase in short-term bank loans to third parties of Rp1.20 billion.

TRADE PAYABLES

Trade payables in 2021 reached Rp3.26 trillion, a decrease of 38.74% or Rp1.69 trillion compared to Rp4.95 trillion in 2020. The decrease was mainly due to a decrease in trade payables to