FINANCIAL REVIEW

EQUITY IN INCOME OF ASSOCIATES

Equity in income of associates in 2021 was Rp255.11 billion, an increase of 737.79% compared to a loss of Rp40.00 billion in 2020. The increase was mainly due to the increase in the profit share of associates from JICT of Rp131.30 billion.

INCOME BEFORE FINAL TAX AND CORPORATE INCOME TAX

Income before final tax and corporate income tax in 2021 was Rp4.66 trillion, an increase of 21.63% or Rp829.12 billion compared to Rp3.83 trillion in 2020. The increase was mainly due to the increase in operating income, and share in the associates’ income, which increased by Rp.821.54 billion and Rp.295.11 billion, respectively.