FINANCIAL REVIEW

EMPLOYEE BENEFIT LIABILITIES

Employee benefit liabilities in 2021 reached Rp6.56 trillion, a decrease of 5.44% or Rp377.22 billion compared to Rp6.94 trillion in 2020. The decrease was mainly due to a decrease in the parent company’s employee benefits liability of Rp422.29 billion.

EQUITY

Equity in 2021 reached Rp42.05 trillion, an increase of 4.42% or Rp1.78 trillion compared to Rp40.27 trillion in 2020. The increase was mainly due to an increase in appropriated retained earnings of Rp14.90 trillion.