Documentos de Académico
Documentos de Profesional
Documentos de Cultura
February 2014
Contents
Forewords
LQ45 Index Constituents for the period of February July 2014
Page
No.
Code
Stock Name
1.
AALI
2.
ADHI
6
10
3.
ADRO
4.
AKRA
AKR Corporindo Tbk. [S] (Wholesale (Durable and Non-Durable Goods, 91))
........................................................................
14
5.
ASII
18
6.
ASRI
Alam Sutera Realty Tbk. [S] (Property and Real Estate, 61) ..............................................................................................................
22
7.
BBCA
26
8.
BBNI
30
9.
BBRI
34
10.
BDMN
38
11.
BKSL
Sentul City Tbk. [S] (Property and Real Estate, 61). ...............................................................................................................................
42
12.
BMRI
46
13.
BMTR
50
14.
BSDE
Bumi Serpong Damai Tbk. [S] (Property and Real Estate, 61) ..........................................................................................................
54
15.
CPIN
58
16.
CTRA
62
17.
EXCL
66
18.
GGRM
70
19.
HRUM
74
20.
ICBP
Indofood CBP Sukses Makmur Tbk. [S] (Food and Beverages, 51)
.............................................................................................
78
21.
INDF
Indofood Sukses Makmur Tbk. [S] (Food and Beverages, 51) ..........................................................................................................
82
22.
INTP
86
23.
ITMG
90
24.
JSMR
Jasa Marga (Persero) Tbk. [S] (Toll Road, Airport, Harbor and Allied Products, 72) ..............................................................
94
25.
KLBF
98
26.
LPKR
Lippo Karawaci Tbk. [S] (Property and Real Estate, 61) .......................................................................................................................
102
27.
LSIP
106
28.
MAIN
110
29.
MLPL
114
30.
MNCN
Media Nusantara Citra Tbk. [S] (Advertising, Printing and Media,95) ............................................................................................
118
31.
PGAS
122
32.
PTBA
Tambang Batubara Bukit Asam (Persero) Tbk. [S] (Coal Mining, 21) ............................................................................................
126
33.
PTPP
130
34.
PWON
Pakuwon Jati Tbk. [S] (Property and Real Estate, 61) ...........................................................................................................................
134
35.
SMGR
138
36.
SMRA
Summarecon Agung Tbk. [S] (Property and Real Estate, 61) ...............................................................................
142
37.
SSIA
146
38.
TAXI
150
39.
TBIG
154
158
40.
TLKM
41.
UNTR
United Tractors Tbk. [S] (Wholesale (Durable and Non-Durable Goods, 91).........................................................
162
42.
UNVR
166
43.
VIVA
Visi Media Asia Tbk. [S] (Advertising, Printing and Media, 95) ..............................................................................
170
44.
WIKA
172
45.
WSKT
178
NOTES
1.
2.
Foreign Ownership
In September 1997, the foreign ownership limitation was abolished except for banks (49% of total listed shares). In May 1999, the
maximum number of listed shares and foreign ownership on banks company was set to 99%, based on Government regulation
dated May 7th, 1999.
3.
4.
Market Capitalization
This figures indicates the aggregate number of listed shares multiplied by regular market closing price
5.
Base Value
Base Value =
Individual Index =
Base Price
6.
To calculate the Jakarta Composite Index and Stock Individual Index, Base Price and Base Value are adjusted when bonus and
rights issues, share splits and consolidations are made. Base price for new listed companies is IPO price.
7.
8.
9.
x 100%
Gross Profit
x 100%
Total Sales
14. Operating Profit Margin (OPM)
OPM =
Operating Income
x 100%
Total Sales
15. Net Profit Margin (NPM)
NPM =
Total Sales
Dividend
x 100%
x 100%
EPS
17. Yield =
Dividend
x 100%
Closing Price
18. [S] Sharia Compliant Stock
19. Period Attribute : Profit for the period attributable to owners entity
20. Comprehensive Attribute : Comprehensive Income attributable to owners entity
FOREWORDS
This publication is designated as a service to domestic investors and other capital market participants, as part of the nation-wide efforts
in educating and improving the dissemination of capital market information. These efforts are important in carrying out the task of
expanding the domestic investor base.
To improve the future editions of this publication, the readers comments and feedback would be highly appreciated.
Jakarta, February 2014
Disclaimer :
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as
being those of the publisher or of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the
information contained within the publication it should not be by any person relied upon as the basis for taking any action or making any decision. The
Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any advice action taken or decision made on the basis of the facts
and opinions stated or expressed or stated within this publication.
COMPANY REPORT
AALI
ASTRA AGRO LESTARI TBK.
Company Profile
PT Astra Agro Lestari Tbk. was established dated October 3rd, 1988. The scope of its
activities is to engage in plantation operation, general trading, manufacturing,
transportation,consultationandservices.
The Company has investments in subsidiaries which are engaged in oil palm and rubber
plantations and industrial activities. The Company commenced commercial operations in
1995.
PTAstraInternationalTbk.istheparententityoftheCompany,whereasJardineMatheson
HoldingsLtd,incorporatedinBermuda,isitsultimateparententity.
As of December 31st, 2013, the Company and subsidiaries had 29,766 permanent
employees.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
As of 30 January 2014
Main Board
Industry Sector : Agriculture (1)
Industry Sub Sector : Plantation (12)
Individual Index
:
Listed Shares
:
Market Capitalization :
1,662.576
1,574,745,000
33,817,648,875,000
COMPANY HISTORY
Established Date
: 03-Oct-1988
Listing Date
: 09-Dec-1997
Under Writer IPO :
PT ABN AMRO Hoare Govett Indonesia
Securities Administration Bureau :
PT Raya Saham Registra
Plaza Central Building 2nd Fl.
Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930
Phone : (021) 252-5666
Fax
: (021) 252-5028
BOARD OF COMMISSIONERS
1. Prijono Sugiarto
2. Anugerah Pekerti *)
3. Chiew Sin Cheok
4. Gunawan Geniusahardja
5. Harbrinderjit Singh Dillon *)
6. Patrick Morris Alexander *)
7. Simon Collier Dixon
*) Independent Commissioners
BOARD OF DIRECTORS
1. Widya Wiryawan
2. Bambang Palgoenadi
3. Jamal Abdul Nasser
4. Joko Supriyono
5. Juddy Arianto
6. Rudy
AUDIT COMMITTEE
1. Anugerah Pekerti
2. Purnama Setiawan
3. Siti Nurwahyuningsih
CORPORATE SECRETARY
Rudy
HEAD OFFICE
Jln. Puloayang Raya Blok OR - I,
Kawasan Industri Pulogadung
Jakarta - 13930
Phone : (021) 461-6555
Fax
: (021) 461-6682, (021) 461-6689
Homepage
Email
: www.astra-agro.co.id
: Investor@astra-agro.co.id
976,231,238 :
278,599,850 :
319,913,912 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
1997
1998
1998
1999
1999
2000
2001
2002
2003
2004
2004
2005
2006
2006
2007
2007
2008
2008
2009
2009
2010
2010
2011
2011
2012
2012
2013
Shares
Dividend
37.00
60.00
25.00
5:1
45.00
7.00
10.00
60.00
90.00
100.00
150.00
325.00
95.00
230.00
190.00
625.00
350.00
155.00
220.00
685.00
190.00
640.00
300.00
695.00
230.00
455.00
160.00
Cum Date
22-Jun-98
29-Oct-98
27-May-99
27-May-99
31-May-00
07-Jun-01
18-Jun-02
05-Jun-03
04-Jun-04
06-Dec-04
06-Jun-05
12-May-06
17-Oct-06
11-Jun-07
19-Oct-07
16-Jun-08
23-Oct-08
04-Jun-09
30-Oct-09
08-Jun-10
26-Oct-10
20-May-11
24-Oct-11
08-May-12
16-Oct-12
15-May-13
02-Oct-13
Recording
Date
01-Jul-98
09-Nov-98
08-Jun-99
08-Jun-99
12-Jun-00
13-Jun-01
24-Jun-02
10-Jun-03
09-Jun-04
09-Dec-04
09-Jun-05
17-May-06
20-Oct-06
14-Jun-07
24-Oct-07
19-Jun-08
28-Oct-08
09-Jun-09
04-Nov-09
11-Jun-10
29-Oct-10
25-May-11
27-Oct-11
14-May-12
19-Oct-12
20-May-13
07-Oct-13
Ex Date
23-Jun-98
30-Oct-98
28-May-99
28-May-99
02-Jun-00
08-Jun-01
19-Jun-02
06-Jun-03
07-Jun-04
07-Dec-04
07-Jun-05
15-May-06
18-Oct-06
12-Jun-07
22-Oct-07
17-Jun-08
24-Oct-08
05-Jun-09
02-Nov-09
09-Jun-10
27-Oct-10
23-May-11
25-Oct-11
09-May-12
17-Oct-12
16-May-13
03-Oct-13
61.99%
17.69%
20.32%
Payment
Date
20-Jul-98
23-Nov-98
05-Jul-99
05-Jul-99
26-Jun-00
27-Jun-01
04-Jul-02
24-Jun-03
23-Jun-04
23-Dec-04
23-Jun-05
01-Jun-06
10-Nov-06
25-Jun-07
02-Nov-07
30-Jun-08
11-Nov-08
23-Jun-09
11-Nov-09
25-Jun-10
12-Nov-10
09-Jun-11
10-Nov-11
29-May-12
05-Nov-12
03-Jun-13
23-Oct-13
F/I
F
I
F
F
F
F
F
F
I
F
F
I
I
I
F
I
F
I
F
I
F
I
F
I
F
I
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
Type of Listing
First Issue
Company Listing
Bonus Shares
Option Conversion
Option Conversion I & II
Option Conversion II
Option Conversion I
Option Conversion I
Option Conversion II & III
Option Conversion III
Option Conversion II
Option Conversion II & III
Shares
125,800,000
1,132,200,000
251,600,000
12,005,000
5,494,500
16,161,500
60,000
102,000
7,048,500
19,518,500
1,947,000
2,808,000
T:
T:
T:
T:
T:
T:
T:
T:
T:
Listing
Date
09-Dec-97
09-Dec-97
06-Jul-99
22-Apr-02
10-Jun-02
02-Jul-02
14-Jan-03
20-Jan-03
14-Jan-04
15-Jan-04
23-Jan-04
12-Apr-04
:
:
:
:
:
:
:
:
:
Trading
Date
09-Dec-97
21-Jul-98
06-Jul-99
07-Jun-02
22-Jan-03
13-Jan-04
31-Jan-03
20-Jan-03
04-Mar-04
13-May-05
18-May-04
23-Apr-04
Volume
(Mill. Sh)
28,000
16.0
24,500
14.0
21,000
12.0
17,500
10.0
14,000
8.0
10,500
6.0
7,000
4.0
3,500
2.0
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
71.6%
50%
25%
8.5%
-10.0%
-25%
-50%
-75%
Jan 10
Jan 11
SHARES TRADED
Volume (Million Sh.)
Value (Billion Rp)
Frequency (Thou. X)
Days
Price (Rupiah)
High
Low
Close
Close*
Jan 12
Jan 14
2010
2011
2012
2013 Jan-14
408
9,126
151
245
273
6,072
135
247
268
5,693
126
246
388
7,542
167
244
40
876
45
20
27,650
17,050
26,200
26,200
27,000
16,550
21,700
21,700
24,000
17,800
19,700
19,700
25,750
13,100
25,100
25,100
25,800
20,650
21,475
21,475
13.68
1.79
4.06
12.64
33.17
3.31
32.54
20.59
4.26
27.84
20.99
3.64
20.46
PER (X)
0.14
PER Industry (X)
5.72
PBV (X)
* Adjusted price after corporate action
Jan 13
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
25,550
24,900
25,650
25,000
22,500
21,550
21,400
21,700
22,500
26,050
27,100
27,650
Low
22,550
22,800
23,700
22,050
17,050
18,800
18,000
18,900
19,650
20,650
23,650
23,100
Close
23,850
24,200
24,600
22,200
19,850
19,350
19,500
19,650
20,700
24,900
24,150
26,200
(X)
7,916
8,153
8,010
12,172
15,859
12,046
18,411
15,573
11,714
14,561
11,673
14,520
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
27,000
23,250
23,400
23,250
24,200
23,950
23,800
23,700
22,850
22,200
22,950
22,900
21,000
21,100
21,550
22,350
22,400
22,500
22,700
19,000
18,100
16,550
20,400
20,500
21,700
21,850
22,700
23,150
23,600
23,500
23,500
21,500
19,300
21,450
22,400
21,700
17,601
12,465
13,880
9,975
12,117
7,249
7,950
11,095
11,760
15,106
9,018
7,255
40,233
25,441
30,884
24,194
29,036
14,836
17,996
21,690
18,119
26,569
13,667
9,946
959,441
564,248
691,672
552,655
686,010
343,715
417,329
471,543
375,898
494,785
300,152
214,498
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
22,550
23,000
23,350
23,750
21,700
22,000
24,000
23,300
23,400
22,100
21,300
19,750
20,550
20,300
18,500
21,000
18,000
19,150
20,100
21,250
19,350
20,200
17,950
17,800
20,600
22,300
23,350
21,400
20,450
20,050
23,000
22,300
21,950
20,950
18,000
19,700
10,520
10,953
11,605
10,260
12,047
13,159
9,547
5,828
14,218
8,856
7,904
10,801
17,532
26,112
26,569
24,103
23,427
27,916
20,808
10,839
33,952
18,910
15,084
22,617
382,289
569,072
592,007
544,061
471,617
579,302
467,231
240,513
728,250
398,764
297,057
422,905
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
20,850
19,300
19,200
18,700
19,500
21,000
19,900
19,800
21,750
21,300
23,400
25,750
18,750
18,250
17,850
17,300
16,900
17,800
15,500
13,100
18,350
18,500
18,050
22,250
18,850
18,450
18,500
17,700
19,500
19,700
15,550
19,750
19,500
18,600
22,250
25,100
10,591
11,374
15,207
10,808
16,961
17,880
13,025
19,132
15,471
10,945
12,858
12,429
20,796
33,001
36,954
21,488
35,698
42,231
21,333
37,761
52,971
21,638
35,024
28,622
409,347
622,045
678,998
388,219
646,786
814,363
370,322
640,710
1,097,030
435,579
759,116
679,065
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
44,874
40,059
875,810
20
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Tanudiredja, Wibisana & Rekan (Member of PricewaterhouseCoopers Global Network)
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
788,549
1,240,781
838,190
227,769
709,090
Receivables
156,724
98,832
16,358
50,068
20,554
Inventories
610,031
624,694
769,903
1,249,050
802,978
Current Assets
1,714,426
2,051,177
1,886,387
1,780,395
1,691,694
Fixed Assets
2,444,959
2,686,910
3,424,194
4,918,673
6,493,712
180,232
285,155
150,998
422,305
BALANCE SHEET
Other Assets
Total Assets
Assets
157,888
7,571,399
Growth (%)
6,000
21.71%
20.48%
3,000
-
938,976
1,061,852
1,440,351
2,600,540
3,759,265
205,807
272,690
337,986
453,869
936,066
1,144,783
1,334,542
1,778,337
3,054,409
4,695,331
16.58%
33.25%
71.76%
53.72%
2,000,000
2,000,000
2,000,000
2,000,000
2,000,000
787,373
787,373
787,373
787,373
787,373
1,575
1,575
1,575
1,575
1,575
500
500
500
500
500
Retained Earnings
5,355,389
6,340,711
7,268,639
8,158,203
8,087,559
Total Equity
6,226,365
7,211,687
8,426,158
9,365,411 10,267,859
15.82%
16.84%
11.15%
9.64%
Dec-10
Dec-11
Dec-12
Dec-13
Growth (%)
9,000
16.07%
12,000
16.12%
Current Liabilities
Liabilities
15,000
2009
2010
2011
2012
2013
10,268
9,365
10,268
8,426
7,212
8,173
6,226
6,079
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-09
7,424,283
Growth (%)
19.12%
21.81%
7.35%
9.60%
4,322,498
5,234,372
6,837,674
7,206,837
8,593,064
Gross Profit
3,101,785
3,609,349
3,934,908
4,357,482
4,081,935
Operating Profit
1,889
Cost of Revenues
Expenses (Income)
3,984
491,567
610,638
601,976
832,589
1,476,864
2,610,218
2,998,711
3,332,932
14.88%
11.15%
-109,792
-34,671
2,500,426
2,964,040
770,778
860,388
1,729,648
-205
2009
2010
2011
12,675
10,773
Growth (%)
3,332,932
3,524,893
2,605,071
834,367
1,004,627
701,983
2,103,652
2,498,565
2,520,266
1,903,088
21.62%
18.77%
0.87%
-24.49%
11,564
8,844
10,089
2013
Growth (%)
2012
7,424
7,504
4,918
2,332
Period Attributable
1,729,648
2,016,780
2,405,564
2,410,259
1,801,397
Comprehensive Income
1,660,649
2,103,652
2,498,565
2,453,654
1,936,250
2,016,780
2,405,564
2,346,203
1,833,891
Comprehensive Attributable
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
182.58
193.17
130.97
68.46
45.00
Dividend (Rp)
905.00
830.00
995.00
685.00
160.00
EPS (Rp)
1,098.37
1,280.70
1,527.59
1,530.57
1,143.93
BV (Rp)
3,953.89
4,579.59
5,350.81
5,947.26
6,520.33
DAR (X)
0.15
0.15
0.17
0.25
0.31
DER(X)
0.18
0.19
0.21
0.33
0.46
ROA (%)
22.84
23.93
24.48
20.29
12.72
ROE (%)
27.78
29.17
29.65
26.91
18.53
GPM (%)
41.78
40.81
36.53
37.68
32.20
OPM (%)
35.16
33.91
30.94
NPM (%)
23.30
23.79
23.19
21.79
15.01
82.40
64.81
65.14
44.75
13.99
3.98
3.17
4.59
3.48
0.64
RATIOS
-253
2009
2010
2011
2012
2013
2,520
2,104
1,903
2,006
1,730
1,492
Yield (%)
978
464
-50
2009
2010
2011
2012
2013
COMPANY REPORT
ADHI
ADHI KARYA (PERSERO) TBK.
Company Profile
ThenameAdhiKaryamentionedforthefirsttimeintheDecreeoftheMinisterofPublic
WorksandLabordated11thofMarch1960.In1974,basedonActNo.1datedJune1st,
1974junctoAmendmentActNo.2datedDecember3rd,1974bothbyKartiniMuljadi,
S.H.,NotaryinJakarta,PTAdhiKarya(Persero)(theCompany)wasestablished.
TheCompanysscopeofbusinesscomprisesof:
1. Construction,
2. Management consultation and Industrial engineering (Engineering
ProcurementandConstruction/EPC),
3. Property,Hotel,andRealEstate,
4. Investment, General trading, procurement services, manufacturing (Precast),
servicesininformationtechnology,realestateandagroindustry.
CurrentlytheCompanysmainactivitiesareinconstruction,EPC,property,realestate,
InfrastructureInvestmentandprocurementservices
TheCompanyhasownershipinsubsidiaries:PTAdhiPersadaProperti,PTAdhiPersada
RealtiandAdhiMultipower,Pte.,Ltd.
AsofDecember31st,2013,theCompanyhad1,325permanentemployees.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or of
the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be by
any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any advice
action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
As of 30 January 2014
Individual Index
:
Listed Shares
:
Market Capitalization :
1,186.667
1,801,320,000
3,206,349,600,000
COMPANY HISTORY
Established Date
: 11-Mar-1960
Listing Date
: 18-Mar-2004
Under Writer IPO :
PT Ciptadana Sekuritas
Securities Administration Bureau :
PT Datindo Entrycom
Wisma Sudirman - Puri Datindo
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220
Phone : (021) 570-9009
Fax
: (021) 570-9026
BOARD OF COMMISSIONERS
1. Imam Santoso Ernawi
2. Achmad Gani Ghazali A.
3. Bobby A.A. Nazief
4. Muchlis R. Luddin *)
5. Murhadi *)
6. Suroyo Alimoeso
*) Independent Commissioners
BOARD OF DIRECTORS
1. Kiswodarmawan
2. Anis Anjayani
3. BEP Adji Satmoko
4. Djoko Prabowo
5. Giri Sudaryono
6. Supardi
918,680,000 :
882,640,000 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
2003
2005
2005
2006
2008
2009
2010
2011
2012
2013
Shares
Dividend
12.30
19.56
12.98
10.61
11.51
28.26
32.35
30.33
23.49
67.61
Cum Date
07-Jul-04
17-Jun-05
20-Jul-06
17-Jul-07
02-Jul-09
30-Jun-10
04-Jul-11
05-Jun-12
13-May-13
07-Apr-14
Ex Date
08-Jul-04
20-Jun-05
21-Jul-06
18-Jul-07
03-Jul-09
01-Jul-10
05-Jul-11
06-Jun-12
14-May-13
08-Apr-14
Recording
Date
12-Jul-04
22-Jun-05
25-Jul-06
20-Jul-07
07-Jul-09
05-Jul-10
07-Jul-11
08-Jun-12
16-May-13
10-Apr-14
51.00%
49.00%
Payment
Date
23-Jul-04
06-Jul-05
08-Aug-06
03-Aug-07
22-Jul-09
19-Jul-10
20-Jul-11
22-Jun-12
29-May-13
25-Apr-14
F
F
F
F
F
F
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
Type of Listing
First Issue
Company Listing
Employee Management Buy Out (EMBO)
Shares
397,188,000
918,680,000
441,320,000
44,132,000
Listing
Date
18-Mar-04
18-Mar-04
18-Mar-04
18-Mar-04
Trading
Date
18-Mar-04
18-Mar-04
03-Jul-06
26-Jun-04
AUDIT COMMITTEE
1. Murhadi
2. Salim Siagian
3. Syaiful
CORPORATE SECRETARY
M. Aprindy
HEAD OFFICE
Jln. Raya Pasar Minggu Km.18
Jakarta - 12510
Phone : (021) 797-5312
Fax
: (021) 797-5311
Homepage
Email
F/I
: www.adhi.co.id
: adhi@adhi.co.id
Volume
(Mill. Sh)
4,000
240
3,500
210
3,000
180
2,500
150
2,000
120
1,500
90
1,000
60
500
30
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
130%
71.6%
-130%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
SHARES TRADED
2010
2011
2012
2,794
1,901
112
245
1,468
989
87
247
2,209
2,571
105
246
5,112
11,472
341
244
524
885
35
20
Price (Rupiah)
High
Low
Close
Close*
1,090
370
910
910
930
435
580
580
2,100
570
1,760
1,760
4,000
1,460
1,510
1,510
1,850
1,425
1,780
1,780
5.72
11.09
1.05
14.84
17.34
2.68
11.35
17.79
2.06
13.38
16.27
2.43
8.65
PER (X)
9.97
PER Industry (X)
1.90
PBV (X)
* Adjusted price after corporate action
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
425
405
450
640
590
640
670
690
1,020
1,090
1,000
1,010
Low
390
370
380
435
410
455
560
570
640
950
870
770
Close
405
390
440
590
490
620
650
660
960
1,000
890
910
(X)
4,651
1,403
5,352
15,799
5,174
7,698
9,178
5,671
12,718
7,814
3,533
32,541
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
930
850
850
900
830
800
820
720
610
580
520
640
760
750
760
820
740
740
700
510
450
455
445
435
790
830
840
820
780
800
710
580
510
530
460
580
4,882
3,295
6,687
14,093
5,278
3,127
6,361
6,573
4,259
6,873
13,367
11,915
113,072
75,255
98,898
172,522
95,026
53,179
100,864
119,233
60,629
84,676
134,909
359,328
95,505
60,185
80,322
148,957
75,050
40,725
75,362
70,518
33,605
45,079
65,650
198,452
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
720
750
800
1,040
1,140
1,010
1,050
960
1,090
1,440
1,910
2,100
570
680
700
750
940
860
860
830
870
1,000
1,360
1,630
690
710
800
990
970
990
910
900
1,040
1,410
1,890
1,760
8,235
4,743
4,622
11,373
7,410
3,027
4,409
4,771
5,588
12,885
13,164
24,655
193,549
129,177
107,316
306,721
202,611
59,294
84,526
85,274
119,462
284,217
272,742
363,628
126,624
92,626
79,249
280,632
210,502
56,177
79,675
76,887
116,886
345,507
431,698
674,866
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
2,150
2,650
3,175
3,175
3,925
4,000
3,375
3,200
2,275
2,150
1,970
1,780
1,730
1,990
2,400
2,700
2,950
3,100
2,400
1,690
1,510
1,830
1,570
1,460
2,000
2,575
3,100
2,975
3,900
3,325
3,075
1,980
2,025
1,950
1,600
1,510
25,820
17,280
17,226
19,520
22,507
27,380
26,992
22,891
71,392
44,551
22,975
22,832
386,992
317,854
224,360
242,917
284,753
298,365
292,062
227,303
1,395,702
759,652
298,528
383,774
740,424
723,135
635,962
711,019
931,777
1,054,227
856,830
516,385
2,639,571
1,504,721
524,666
633,407
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
1,850
1,425
1,780
34,825
523,862
885,065
20
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Aryanto, Amir Jusuf, Mawar & Saptoto (Member of RSM International)
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
306,902
242,118
552,203
948,846
1,939,960
Receivables
1,789,279
1,657,387
1,657,080
2,332,098
2,705,085
Inventories
510,174
61,766
68,562
116,552
161,560
Investment
180,132
46,234
197,644
62,804
60,034
Fixed Assets
80,870
186,401
220,861
187,437
271,257
BALANCE SHEET
Other Assets
Total Assets
Assets
6,000
1,951
8,387
18,154
34,248
65,081
4,927,696
6,112,954
7,872,074
9,720,962
-12.47%
24.05%
28.78%
23.49%
2,000
-
192,017
200,920
211,800
Trade Payable
2,849,719
2,214,234
3,132,496
4,276,690
4,767,420
Total Liabilities
4,888,581
4,059,941
5,122,586
6,691,155
8,172,499
-16.95%
26.17%
30.62%
22.14%
Bank Payable
8,000
5,629,454
Growth (%)
-
Growth (%)
Liabilities
10,000
4,000
2009
2010
2011
2012
2013
544,000
544,000
544,000
544,000
544,000
Paid up Capital
180,132
180,132
180,132
180,132
180,132
1,801
1,801
1,801
1,801
1,801
100
100
100
100
100
528,868
668,355
790,784
943,642
1,307,301
Total Equity
731,200
861,113
990,368
1,180,919
1,548,463
17.77%
15.01%
19.24%
31.12%
1,548
1,548
1,181
1,233
990
861
917
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
7,714,614
5,674,980
6,695,112
7,627,703
9,799,598
-26.44%
17.98%
13.93%
28.47%
Growth (%)
7,059,135
4,964,348
5,960,704
6,671,815
8,606,444
Gross Profit
751,880
769,110
799,042
1,043,220
1,247,711
Operating Expenses
215,061
218,276
385,498
531,378
425,009
Operating Profit
536,819
550,834
413,544
2.61%
-24.92%
Cost of Revenues
731
601
285
-31
2009
2010
2011
2012
2013
Growth (%)
7,715
7,628
7,800
-205,046
-230,014
-87,164
-88,526
-108,337
331,773
320,820
326,380
423,315
714,365
Tax
168,850
130,627
143,687
209,998
305,927
162,924
190,194
182,693
213,318
408,438
16.74%
-3.94%
16.76%
91.47%
Growth (%)
6,695
5,675
5,801
3,802
1,803
Period Attributable
162,924
189,484
182,116
211,590
405,977
Comprehensive Income
165,530
181,525
182,727
213,651
409,862
180,815
182,150
211,924
407,401
Comprehensive Attributable
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
Dividend (Rp)
28.26
32.35
30.33
23.49
67.61
EPS (Rp)
90.45
105.19
101.10
117.46
225.38
BV (Rp)
405.92
478.05
549.80
655.59
859.63
DAR (X)
0.87
0.82
0.84
0.85
0.84
DER(X)
6.69
4.71
5.17
5.67
5.28
ROA (%)
2.89
3.86
2.99
2.71
4.20
ROE (%)
22.28
22.09
18.45
18.06
26.38
GPM (%)
9.75
13.55
11.93
13.68
12.73
OPM (%)
6.96
9.71
6.18
NPM (%)
2.11
3.35
2.73
2.80
4.17
31.24
30.75
30.00
20.00
30.00
6.89
3.55
5.23
1.33
4.48
RATIOS
-196
2009
2010
2011
Yield (%)
2013
325
213
242
2012
190
183
2010
2011
163
158
75
-8
2009
2012
2013
COMPANY REPORT
ADRO
ADARO ENERGY TBK.
Company Profile
PTAdaroEnergyTbk.wasestablishedJuly28th,2004.TheCompanyisengagedintrading,
services, industry, coal hauling, workshop activities, mining and construction. The
Companys subsidiaries are engaged in coal mining, coal trading, mining contractor
services,infrastructure,coallogisticsandpowergenerationactivities.
The Company commenced its commercial operations in July 2005. The Companys head
office is domiciled in Jakarta and located at Menara Karya Building, 23rd Floor, Jln. H.R.
RasunaSaidBlockX5,Kav.12,SouthJakarta.
PT Adaro Energy Tbk is a vertically integrated group; in addition to its core mining
subsidiary Adaro Indonesia, it owns subsidiaries along the length of its coal supply chain
frompittoporttopower,includinginmining,barging,shiploading,dredging,portservices,
marketingandpowergeneration.
The subsidiaries combine with a range of contractors to produce and deliver coal with
industryleadingefficiencyandlowcost.
AsatDecember31st,2013theGrouphad8,986permanentemployees(unaudited).
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the
publisher or of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the
publication it should not be by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or
otherwise responsible in anyway for any advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
10
As of 30 January 2014
Main Board
Industry Sector : Mining (2)
Industry Sub Sector : Coal Mining (21)
Individual Index
:
Listed Shares
:
Market Capitalization :
86.364
31,985,962,000
30,386,663,900,000
COMPANY HISTORY
Established Date
: 28-Jul-2004
Listing Date
: 16-Jul-2008
Under Writer IPO :
PT Danatama Makmur
Securities Administration Bureau :
PT Ficomindo Buana Registrar
Mayapada Tower 10th Fl. Suite 02 B
Jln. Jend. Sudirman Kav. 28 Jakarta 12920
Phone : (021) 521-2316, 521-2317
Fax
: (021) 521-2320
BOARD OF COMMISSIONERS
1. Edwin Soeryadjaya
2. Palgunadi Tatit Setyawan *)
3. Raden Pardede *)
4. Subianto
5. Theodore Permadi Rachmat
*) Independent Commissioners
BOARD OF DIRECTORS
1. Garibaldi Thohir
2. Chia Ah Hoo
3. Christian Ariano Rachmat
4. David Tendian
5. Julius Aslan
6. M. Syah Indra Aman
7. Sandiaga S. Uno
14,045,425,500 :
1,986,032,654 :
15,954,503,846 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
2008
2009
2009
2010
2010
2011
2011
2012
2012
2012
2013
Dividend
11.80
12.00
17.00
9.85
20.50
21.35
53.66
12.13
10.65
12.36
USD 0.00125
Shares
Cum Date
25-Aug-09
11-Dec-09
02-Jun-10
26-Nov-10
27-May-11
28-Nov-11
29-May-12
29-May-12
26-Dec-12
29-May-13
24-Dec-13
Ex Date
26-Aug-09
14-Dec-09
03-Jun-10
29-Nov-10
30-May-11
29-Nov-11
30-May-12
30-May-12
27-Dec-12
30-May-13
27-Dec-13
Recording
Date
28-Aug-09
16-Dec-09
07-Jun-10
01-Dec-10
01-Jun-11
01-Dec-11
01-Jun-12
01-Jun-12
02-Jan-13
03-Jun-13
02-Jan-14
43.91%
6.21%
49.88%
Payment
Date
11-Sep-09
30-Dec-09
18-Jun-10
10-Dec-10
09-Jun-11
09-Dec-11
12-Jun-12
12-Jun-12
15-Jan-13
12-Jun-13
16-Jan-14
F
I
F
I
F
I
F
I
I
F
I
ISSUED HISTORY
No. Type of Listing
1. First Issue
2. Company Listing
Shares
11,139,331,000
20,846,631,000
Listing
Date
16-Jul-08
16-Jul-08
Trading
Date
16-Jul-08
16-Apr-09
AUDIT COMMITTEE
1. Palgunadi Tatit Setyawan
2. Irwandy Arif
3. Mamat Ma'mun
CORPORATE SECRETARY
Devindra Ratzarwin
HEAD OFFICE
Menara Karya 23rd Fl.
Jln. H.R. Rasuna Said, Blok X-5, Kav. 1 - 2
Jakarta - 12950
Phone : (021) 521-1265, 255-33040
Fax
: (021) 579-44687, 579-44648
Homepage
Email
F/I
: www.adaro.com
: corsec@ptadaro.com
devindra.ratzarwin@ptadaro.com
11
Volume
(Mill. Sh)
3,000
400
2,625
350
2,250
300
1,875
250
1,500
200
1,125
150
750
100
375
50
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
71.6%
50%
25%
-25%
-40.2%
-45.7%
-50%
-75%
Jan 10
Jan 11
SHARES TRADED
Volume (Million Sh.)
Value (Billion Rp)
Frequency (Thou. X)
Days
Price (Rupiah)
High
Low
Close
Close*
Jan 12
Jan 14
2010
2011
2012
22,915
46,627
523
245
16,314
35,887
500
247
11,350
18,253
392
246
13,864
15,019
469
244
1,718
1,651
67
20
2,650
1,700
2,550
2,550
2,900
1,430
1,770
1,770
2,025
1,180
1,590
1,590
1,770
640
1,090
1,090
1,110
870
950
950
11.16
16.17
2.56
13.78
8.49
1.76
12.26
19.30
0.96
10.68
13.24
0.83
36.95
PER (X)
17.69
PER Industry (X)
4.39
PBV (X)
* Adjusted price after corporate action
12
Jan 13
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
2,075
1,960
1,980
2,250
2,175
2,100
2,100
2,150
2,150
2,300
2,500
2,650
Low
1,730
1,760
1,820
1,970
1,700
1,820
1,940
1,880
1,760
2,000
2,100
2,250
Close
1,890
1,830
1,960
2,200
2,000
1,990
2,000
1,900
2,025
2,100
2,325
2,550
(X)
61,583
62,241
53,408
47,066
62,496
46,897
22,120
33,954
63,258
27,439
23,353
19,294
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
2,900
2,500
2,475
2,350
2,475
2,500
2,700
2,700
2,125
2,150
2,150
2,025
2,225
2,250
2,175
2,200
2,200
2,250
2,450
1,990
1,430
1,500
1,830
1,730
2,250
2,450
2,200
2,200
2,450
2,450
2,650
2,025
1,720
2,025
1,910
1,770
43,230
28,318
46,772
37,572
48,050
19,872
20,831
44,376
63,571
63,762
41,895
41,384
1,713,532
1,202,450
1,404,886
1,105,133
1,735,498
834,507
1,032,290
1,384,272
1,819,818
1,830,149
1,180,537
1,070,469
4,350,610
2,872,429
3,245,738
2,502,053
4,063,096
2,009,815
2,644,882
3,166,937
3,335,150
3,396,335
2,322,064
1,977,409
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
1,860
2,025
1,980
1,970
1,880
1,490
1,630
1,610
1,610
1,490
1,430
1,610
1,750
1,790
1,870
1,770
1,460
1,180
1,320
1,330
1,350
1,340
1,320
1,320
1,830
1,920
1,930
1,860
1,470
1,450
1,460
1,370
1,500
1,370
1,340
1,590
36,837
42,144
33,313
31,778
31,426
48,253
39,070
25,007
26,552
25,135
23,953
28,273
999,140
1,294,177
1,076,242
801,403
824,427
1,628,248
896,114
589,119
550,208
973,400
651,960
1,065,599
1,807,345
2,500,859
2,056,482
1,481,681
1,400,499
2,145,363
1,301,281
876,431
825,189
1,379,202
899,730
1,578,648
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
1,770
1,680
1,580
1,370
1,240
930
860
940
1,030
1,130
1,240
1,250
1,590
1,550
1,250
1,190
920
750
670
640
870
890
1,010
1,040
1,650
1,570
1,310
1,230
930
860
700
930
900
1,020
1,130
1,090
35,702
29,234
34,568
28,764
40,369
46,114
38,801
42,185
45,303
42,712
49,717
35,467
693,704
578,305
1,179,303
699,841
1,088,707
1,004,249
1,288,624
1,653,523
1,566,310
1,230,844
1,820,926
1,059,797
1,175,414
922,195
1,701,990
898,296
1,179,144
849,300
930,027
1,307,578
1,494,923
1,250,459
2,085,692
1,223,837
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
1,110
870
950
67,166
1,717,526
1,651,052
20
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Tanudiredja, Wibisana & Rekan (Member of PricewaterhouseCoopers Global Network)
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
11,274,623
5,459,971
5,067,851
4,838,559
8,354,692
Receivables
2,903,619
2,504,335
4,396,801
4,692,058
3,822,657
Inventories
250,450
288,732
475,345
623,589
1,260,706
BALANCE SHEET
Current Assets
Fixed Assets
Other Assets
Total Assets
Assets
70,000
125,873
96,226
248,811
Growth (%)
Current Liabilities
Liabilities
87,500
7,996,026
35,000
-4.39%
26.39%
26.11%
27.67%
17,500
5,793,531
7,065,795
8,695,486
9,493,041
Total Liabilities
Growth (%)
52,500
-11.95%
32.77%
22.57%
21.45%
2009
2010
2011
2012
2013
8,000,000
8,000,000
8,000,000
8,000,000
8,000,000
Paid up Capital
3,198,596
3,198,596
3,198,596
3,198,596
3,198,596
31,986
31,986
31,986
31,986
31,986
100
100
100
100
100
4,028,127
5,376,617
39,203
39,203
28,962
31,205
22,146
23,208
Total Equity
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-09
6.49%
19.22%
30.78%
35.36%
Dec-10
Dec-11
Dec-12
Dec-13
17,445
18,576
2009
2010
15,211
7,213
-8.35%
Growth (%)
46.45%
-0.45%
11.98%
Cost of Revenues
Gross Profit
11,037,897
Expenses (Income)
1,109,450
Operating Profit
9,928,447
-784
9,069,812
1,313,246
1,994,321
2,514,135
6,774,278 11,639,422
8,087,833
6,555,677
71.82%
-30.51%
-18.94%
-1,350,066
-1,724,360
-2,547,745
-1,186,122
-1,411,062
8,578,381
5,049,918
9,091,677
6,901,711
5,144,615
2012
2013
-31.77%
Growth (%)
2011
36,158
35,996
2011
2012
32,086
4,119,101
2,668,668
4,085,207
3,195,132
2,331,558
4,415,811
2,216,273
5,006,470
3,706,579
2,813,057
-49.81%
125.90%
-25.96%
-24.11%
Growth (%)
26,938
24,689
23,863
15,640
7,417
Period Attributable
4,415,811
2,219,020
4,990,610
3,726,305
2,837,204
Comprehensive Income
4,367,252
2,220,879
5,073,546
3,691,474
2,765,793
2,223,240
5,057,940
3,711,201
2,774,247
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
198.06
176.06
166.52
157.23
177.19
29.00
30.35
75.01
35.14
Comprehensive Attributable
RATIOS
Current Ratio (%)
Dividend (Rp)
EPS (Rp)
138.05
69.37
156.03
116.50
88.70
BV (Rp)
545.39
580.77
692.37
905.47
1,225.62
DAR (X)
0.59
0.54
0.57
0.55
0.53
DER(X)
1.43
1.18
1.32
1.23
1.11
-806
2009
2010
2013
4,416
3,707
3,985
2,813
2,964
ROA (%)
10.40
5.46
9.76
5.73
3.40
ROE (%)
25.31
11.93
22.61
12.80
7.18
GPM (%)
40.98
31.32
35.82
28.01
22.50
OPM (%)
36.86
27.44
32.19
22.47
16.26
NPM (%)
16.39
8.98
13.85
10.30
6.98
21.01
43.75
48.08
30.17
1.68
1.19
4.24
2.21
Yield (%)
2,216
1,943
921
-100
2009
2010
2011
2012
2013
13
COMPANY REPORT
AKRA
AKR CORPORINDO TBK.
Company Profile
PTAKRCorporindoTbk.wasestablishedinSurabayaonNovember28th,1977andstarted
its commercial operations in June 1978. The Company is currently engaged in the
distribution of petroleum products to industrial customers, distribution and trading of
chemicalproducts(suchascausticsoda,sodiumsulphate,PVCresinandsodaash)usedby
variousindustriesinIndonesiainaccordancewithdistributorshipagreementswithforeign
and local manufacturers, rental of warehouses, transportation vehicles, tanks, and other
logisticservices.
As of 2013, through evaluation and selection process, the Company is appointed by BPH
Migas as one of the companies entitled to supply and distribute subsidized petroleum.
Initially, the Company has been allocated 267,892 KL of subsidized petroleum for
distribution in 2013. As of early June 2013, the allocation quota for the year 2013 for
distributionofMogasgasolineRON88anddieselhasbeenincreasedto880,850KL.The
areaofdistributionisnowexpandedtoincludecitiesintheprovinceofNorthSumatera,
Lampung, DKI Jakarta, Yogyakarta, South Kalimantan, West Kalimantan, East Kalimantan,
Banten,WestJava,CentralJava,EastJava,Bali,andSouthSulawesi.
TheCompanyisdomiciledatWismaAKR,8thFloor,JIn.PanjangNo.5,KebonJeruk,Jakarta.
Its major branch office is located at JI. Sumatra No. 5153, Surabaya. Other sales offices
also the tank terminals are located in Medan, Palembang, Lampung, Ciwandan (Banten),
Bandung, Semarang, Pontianak, Balikpapan, Banjarmasin, Stagen (South Kalimantan),
Makassar, Manado, and Bali. The Company also has a representative office in Guigang,
China.
TheCompanyanditsSubsidiarieshadtotalpermanentemployeesof2,482asofDecember
31th,2013.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
14
As of 30 January 2014
Main Board
Industry Sector : Trade, Services & Investment (9)
Industry Sub Sector : Wholesale (Durable & Non-Durable Goods) (91)
Individual Index
:
Listed Shares
:
Market Capitalization :
3,506.786
3,880,727,500
17,075,201,000,000
COMPANY HISTORY
Established Date
: 28-Nov-1977
Listing Date
: 03-Oct-1994
Under Writer IPO :
PT Lippo Securities
Securities Administration Bureau :
PT Raya Saham Registra
Plaza Central Building 2nd Fl.
Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930
Phone : (021) 252-5666
Fax
: (021) 252-5028
BOARD OF COMMISSIONERS
1. Soegiarto Adikoesoemo
2. I Nyoman Mastra *)
3. Sabirin Saiman
*) Independent Commissioners
BOARD OF DIRECTORS
1. Haryanto Adikoesoemo
2. Arief Budiman Utomo
3. Bambang Soetiono Soedijanto
4. Jimmy Tandyo
5. Mery Sofi
6. Nery Polim
7. Suresh Vembu
AUDIT COMMITTEE
1. I Nyoman Mastra
2. Ngurah Gede
3. Subarto Zaini
CORPORATE SECRETARY
Harryati Utami
HEAD OFFICE
Wisma AKR 7th - 8th Fl.
Jln. Panjang No. 5, Kebon Jeruk
Jakarta
Phone : (021) 531-1110
Fax
: (021) 531-1185, 531-1388, 531-1128
Homepage
Email
: www.akr.co.id
: harryati.utami@akr.co.id
tami@akr.co.id
2,296,640,320 :
1,584,087,180 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
1995
1994
1995
1996
1995
1996
2002
2003
2005
2005
2006
2007
2008
2009
2010
2010
2010
2011
2011
2012
2012
2013
Shares
Dividend
80.00
50.00
80.00
10 : 6
70.00
50.00
25.00
50.00
40.00
60.00
65.00
19.00
21.00
25.00
30.00
135.00
2.00
200.00
25.00
40.00
65.00
50.00
Cum Date
27-Jan-95
11-Jul-95
17-Nov-95
26-Feb-96
07-Jun-96
23-Jun-97
03-Sep-03
28-Jun-04
02-May-05
01-Sep-06
27-Jun-07
03-Jun-08
09-Jun-09
25-May-10
19-Nov-10
11-Mar-11
31-May-11
22-Aug-11
06-Jun-12
26-Dec-12
31-May-13
18-Sep-13
Recording
Date
06-Feb-95
20-Jul-95
28-Nov-95
06-Mar-96
18-Jun-96
01-Aug-97
08-Sep-03
01-Jul-04
06-May-05
06-Sep-06
02-Jul-07
06-Jun-08
12-Jun-09
31-May-10
24-Nov-10
16-Mar-11
06-Jun-11
25-Aug-11
11-Jun-12
02-Jan-13
05-Jun-13
23-Sep-13
Ex Date
30-Jan-95
12-Jul-95
20-Nov-95
27-Feb-96
10-Jun-96
24-Jun-97
04-Sep-03
29-Jun-04
03-May-05
04-Sep-06
28-Jun-07
04-Jun-08
10-Jun-09
26-May-10
22-Nov-10
14-Mar-11
01-Jun-11
23-Aug-11
07-Jun-12
27-Dec-12
03-Jun-13
19-Sep-13
59.18%
40.82%
Payment
Date
28-Feb-95
11-Aug-95
18-Dec-95
29-Mar-96
11-Jul-96
26-Aug-97
19-Sep-03
14-Jul-04
19-May-05
19-Sep-06
16-Jul-07
16-Jun-08
19-Jun-09
14-Jun-10
09-Dec-10
29-Mar-11
20-Jun-11
08-Sep-11
25-Jun-12
16-Jan-13
20-Jun-13
04-Oct-13
F/I
I
F
I
F
F
F
F
F
F
F
F
F
I
I
F
I
F
I
F
I
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Type of Listing
First Issue
Company Listing
Bonus Shares
Stock Split
Right Issue
OPSI Conversion
Opsi MSOP Conversion I, II & III
Opsi MSOP Conversion I & III
Opsi MSOP Conversion II, III & IV
Shares
15,000,000
50,000,000
39,000,000
2,600,000,000
1,043,658,500
18,292,500
26,537,500
447,500
28,607,500
432,500
195,000
28,907,500
550,000
29,099,000
T:
T:
T:
T:
T:
T:
T:
T:
T:
Listing
Date
03-Oct-94
03-Oct-94
01-Apr-96
30-Sep-96
20-Dec-04
11-Apr-08
09-Apr-10
12-Apr-10
13-Apr-11
12-Oct-11
13-Oct-11
09-Apr-12
10-Apr-12
09-Apr-13
:
:
:
:
:
:
:
:
Trading
Date
03-Oct-94
06-May-95
01-Apr-96
27-Jul-07
16-Feb-10
15-Oct-09
13-Oct-10
15-Apr-10
14-Apr-11
12-Oct-11
12-Apr-13
09-Apr-12
10-Apr-12
10-Apr-13
15
Volume
(Mill. Sh)
6,000
480
5,250
420
4,500
360
3,750
300
3,000
240
2,250
180
1,500
120
750
60
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
280.4%
240%
180%
180.6%
120%
71.6%
60%
-60%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
2010
2011
2012
4,860
5,941
165
245
4,083
9,005
265
247
3,297
12,604
275
246
2,637
12,158
251
244
152
681
32
20
Price (Rupiah)
High
Low
Close
Close*
1,820
880
1,730
1,730
3,250
1,350
3,025
3,025
4,700
3,000
4,150
4,150
6,100
3,475
4,375
4,375
4,820
4,175
4,400
4,400
22.62
16.89
3.23
21.15
19.08
3.80
24.25
15.43
3.16
24.39
17.12
3.18
SHARES TRADED
21.10
PER (X)
21.27
PER Industry (X)
2.75
PBV (X)
* Adjusted price after corporate action
16
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
1,330
1,200
1,040
1,050
1,040
1,150
1,200
1,400
1,540
1,590
1,720
1,820
Low
1,120
980
900
880
910
950
990
1,190
1,220
1,320
1,450
1,460
Close
1,180
1,020
930
1,030
970
1,060
1,190
1,230
1,510
1,510
1,460
1,730
(X)
12,300
9,796
11,390
18,201
9,782
9,030
10,576
10,505
15,621
21,910
18,191
17,921
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
1,730
1,630
1,660
1,720
1,840
2,200
3,125
3,100
2,775
3,125
3,250
3,075
1,390
1,350
1,420
1,450
1,580
1,770
2,100
2,450
2,150
2,200
2,750
2,900
1,440
1,560
1,470
1,710
1,840
2,125
3,050
2,650
2,400
3,025
2,850
3,025
21,826
13,847
22,274
21,474
19,868
13,270
24,160
33,390
21,997
22,226
24,988
25,252
383,691
227,243
343,580
394,286
352,872
258,481
378,575
463,554
339,598
282,903
317,985
339,968
600,618
339,089
527,701
615,401
589,727
495,557
948,766
1,302,769
863,164
759,571
950,762
1,011,851
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
3,650
3,900
4,425
4,350
4,200
3,775
3,950
3,750
4,275
4,550
4,700
4,325
3,000
3,500
3,550
4,000
3,325
3,150
3,500
3,325
3,450
3,975
4,225
3,950
3,650
3,600
4,300
4,125
3,375
3,475
3,650
3,500
4,250
4,450
4,300
4,150
39,838
22,274
24,831
23,979
23,693
21,238
27,387
18,714
20,476
18,786
17,677
16,535
414,607
284,426
311,040
243,621
271,922
224,399
311,055
297,106
278,456
216,605
217,527
226,058
1,404,452
1,042,116
1,231,547
1,019,079
1,014,240
789,842
1,151,428
1,049,276
1,072,492
931,478
962,649
935,688
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
4,200
4,500
5,550
5,350
5,500
6,100
5,450
4,950
4,650
5,350
5,050
4,975
3,775
3,825
4,425
4,850
4,850
4,625
4,325
3,475
3,500
4,000
4,425
4,350
3,875
4,475
5,000
5,150
5,350
5,300
4,325
3,975
4,000
4,850
4,675
4,375
23,466
19,230
14,741
17,228
19,669
31,480
26,256
22,430
22,308
19,727
19,926
14,061
315,427
218,111
189,877
166,257
183,716
288,147
227,366
245,307
275,681
193,237
204,324
129,874
1,245,106
902,451
947,949
851,310
958,295
1,525,542
1,090,451
1,040,139
1,093,424
914,203
972,950
616,656
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
4,820
4,175
4,400
32,248
151,840
680,984
20
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Purwantono, Suherman & Surja (Member of Ernst & Young Global Limited)
BALANCE SHEET
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
273,694
691,848
1,329,789
1,884,943
820,065
Assets
Receivables
1,411,368
1,685,658
2,189,012
3,224,397
4,351,773
Inventories
709,518
1,424,614
1,250,135
1,415,169
1,823,246
Current Assets
2,694,116
4,028,178
5,239,361
7,414,601
7,723,315
Fixed Assets
2,859,238
3,037,893
2,437,215
3,177,350
4,226,692
40,371
24,372
20,218
Other Assets
Total Assets
41,770
54,569
6,059,070
7,665,590
Growth (%)
9,000
6,000
8.38%
41.88%
24.14%
3,000
-
2,810,284
3,844,218
3,860,012
5,142,386
6,593,292
1,021,968
962,539
873,528
2,435,399
2,676,688
Total Liabilities
3,832,253
4,806,757
4,733,540
7,577,785
9,269,980
25.43%
-1.52%
60.09%
22.33%
Growth (%)
12,000
26.51%
Current Liabilities
Liabilities
15,000
2009
2010
2011
2012
2013
750,000
750,000
750,000
750,000
750,000
Paid up Capital
313,829
379,294
382,199
385,144
388,073
3,138
3,793
3,822
3,851
3,881
100
100
100
100
100
Retained Earnings
1,106,861
1,213,492
2,222,920
2,931,851
3,289,047
Total Equity
1,741,060
2,386,407
3,574,704
4,209,740
5,363,161
37.07%
49.79%
17.76%
27.40%
Dec-10
Dec-11
Dec-12
Dec-13
5,363
4,210
4,269
3,575
3,175
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-09
1,741
987
36.11%
Growth (%)
Cost of Revenues
2,386
2,081
54.21%
15.25%
3.06%
-107
2009
2010
2011
2012
2013
Gross Profit
953,631
959,684
1,018,398
1,261,276
1,367,641
Expenses (Income)
413,663
498,761
302,869
430,920
600,059
Operating Profit
539,968
460,923
715,529
830,356
767,582
-14.64%
55.24%
16.05%
-7.56%
22,338
2012
2013
22,338
Growth (%)
18,806
17,781
-71,713
-40,832
24,443
-20,673
-37,581
468,256
420,091
739,972
809,682
733,053
Tax
128,359
80,999
145,838
190,849
117,426
339,896
339,092
2,284,080
618,833
615,627
-0.24%
573.59%
-72.91%
-0.52%
Growth (%)
12,195
13,224
8,960
8,667
4,110
Period Attributable
339,896
310,916
2,293,427
649,314
648,250
Comprehensive Income
274,719
311,166
2,331,631
755,870
980,588
290,721
2,339,138
775,371
969,250
Comprehensive Attributable
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
95.87
104.79
135.73
144.19
117.14
Dividend (Rp)
25.00
167.00
225.00
105.00
50.00
RATIOS
EPS (Rp)
108.31
81.97
600.06
168.59
167.04
BV (Rp)
554.78
629.17
935.30
1,093.03
1,382.00
DAR (X)
0.63
0.63
0.57
0.64
0.63
DER(X)
2.20
2.01
1.32
1.80
1.73
-447
2009
2010
2011
1,818
1,352
ROA (%)
5.61
4.42
27.49
5.25
4.21
ROE (%)
19.52
14.21
63.90
14.70
11.48
GPM (%)
10.64
7.87
5.42
5.82
6.12
OPM (%)
6.03
3.78
3.80
3.83
3.44
NPM (%)
3.79
2.78
12.15
2.86
2.76
23.08
203.73
37.50
62.28
29.93
2.14
9.65
7.44
2.53
1.14
886
340
339
2009
2010
619
616
2012
2013
420
-46
2011
17
COMPANY REPORT
ASII
ASTRA INTERNATIONAL TBK.
Company Profile
PTAstraInternationalTbk.wasestablishedin1957asPTAstraInternationalIncorporated.
In1990,thecompanychangeditsnametoPTAstraInternationalTbk.
ThescopeofthecompanysactivitiesassetoutinitsArticlesofAssociationaretoengage
in general trading, industry, mining, transportation, agriculture, construction and
consultancyservices.Thesubsidiariesmainactivitiesaretheassemblyanddistributionof
automobiles, motorcycles and related spare parts, heavy equipment sales and rentals,
mining and related services, development of plantation, financial services, infrastructure,
andinformationtechnology.
TheCompanysslargestshareholderisJardineCycle&CarriageLtdisasubsidiaryofJardine
MahesonHoldingsLtd,acompanyincorporatedinBermuda.
As at 31 December 2013, the Company and its subsidiaries had 132,570 employees
(unaudited).
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the
publisher or of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the
publication it should not be by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or
otherwise responsible in anyway for any advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
18
ASII
As of 30 January 2014
Main Board
Industry Sector : Miscellaneous Industry (4)
Industry Sub Sector : Automotive And Components (42)
4,594.635
Individual Index
:
Listed Shares
40,483,553,140
:
Market Capitalization : 260,106,828,924,500
COMPANY HISTORY
Established Date
: 20-Feb-1957
Listing Date
: 04-Apr-1990
Under Writer IPO :
PT Danareksa Sekuritas
Securities Administration Bureau :
PT Raya Saham Registra
Plaza Central Building 2nd Fl.
Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930
Phone : (021) 252-5666
Fax
: (021) 252-5028
BOARD OF COMMISSIONERS
1. Budi Setiadharma
2. Anthony John Liddell Nightingale
3. Benjamin William Keswick
4. Chiew Sin Cheok
5. David Alexander Newbigging
6. Erry Firmansyah *)
7. Hisayuki Inoue *)
8. Jonathan Chang
9. Mark Spencer Greenberg
10. Soemadi Djoko Moerdjono Brotodiningrat *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Prijono Sugiarto
2. Djoko Pranoto
3. Gunawan Geniusahardja
4. Johannes Loman
5. Johny Darmawan Danusasmita
6. Simon Collier Dixon
7. Sudirman Maman Rusdi
8. Widya Wiryawan
AUDIT COMMITTEE
1. Soemadi Djoko Moerdjono Brotodiningrat
2. Chiew Sin Cheok
3. Harry Wiguna
4. Inget Sembiring
CORPORATE SECRETARY
Gita Tiffany Boer
HEAD OFFICE
Gedung AMDI
Jln. Gaya Motor Raya No. 8 Sunter
Jakarta
Phone : (021) 653-10418
Fax
: (021) 653-04957
Homepage
Email
20,276,860,040 :
20,206,693,100 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
1990
1990
1991
1991
1992
1993
1993
1994
1995
1996
2003
2003
2004
2005
2005
2005
2006
2006
2007
2008
2008
2009
2010
2011
2011
2012
2012
2013
Shares
Dividend
100.00
150.00
100.00
125.00
100.00
225.00
1:3
80.00
90.00
120.00
50.00
170.00
100.00
270.00
100.00
340.00
150.00
290.00
160.00
300.00
570.00
830.00
470.00
600.00
1,380.00
66.00
150.00
64.00
Cum Date
05-Nov-90
02-May-91
12-Nov-91
17-Jun-92
01-Jul-93
13-Jun-94
29-Jul-94
22-Jun-95
25-Jun-96
30-Jun-97
01-Dec-03
28-Jun-04
01-Nov-04
16-Jun-05
09-Nov-05
15-Jun-06
20-Oct-06
14-Jun-07
29-Oct-07
28-Oct-08
17-Jun-09
16-Jun-10
27-Oct-10
26-Oct-11
16-May-12
18-Oct-12
20-May-13
10-Oct-13
Recording
Date
13-Nov-90
13-May-91
20-Nov-91
25-Jun-92
09-Jul-93
21-Jun-94
08-Aug-94
03-Jul-95
04-Jul-96
09-Jul-97
04-Dec-03
01-Jul-04
04-Nov-04
21-Jun-05
14-Nov-05
20-Jun-06
01-Nov-06
19-Jun-07
01-Nov-07
31-Oct-08
22-Jun-09
21-Jun-10
01-Nov-10
31-Oct-11
23-May-12
23-Oct-12
23-May-13
17-Oct-13
Ex Date
06-Nov-90
03-May-91
13-Nov-91
18-Jun-92
02-Jul-93
14-Jun-94
01-Aug-94
23-Jun-95
26-Jun-96
01-Jul-97
02-Dec-03
29-Jun-04
02-Nov-04
17-Jun-05
10-Nov-05
16-Jun-06
30-Oct-06
15-Jun-07
30-Oct-07
29-Oct-08
18-Jun-09
17-Jun-10
28-Oct-10
27-Oct-11
21-May-12
19-Oct-12
21-May-13
11-Oct-13
50.09%
49.91%
Payment
Date
27-Nov-90
10-Jun-91
16-Dec-91
24-Jul-92
09-Aug-93
21-Jul-94
07-Sep-94
31-Jul-95
31-Jul-96
29-Jul-97
18-Dec-03
14-Jul-04
12-Nov-04
04-Jul-05
24-Nov-05
04-Jul-06
15-Nov-06
03-Jul-07
15-Nov-07
14-Nov-08
03-Jul-09
05-Jul-10
15-Nov-10
14-Nov-11
06-Jun-12
07-Nov-12
07-Jun-13
31-Oct-13
F/I
I
F
I
F
F
F
F
F
F
F
I
F
F
I
F
I
F
I
I
F
F
I
I
F
I
F
I
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
Type of Listing
First Issue
Partial Listing
Company Listing
Koperasi
Right Issue
Bonus Shares
CB Conversion
Stock Split
Right Conversion
Option I
Option I Conversion
Option II Conversion
Shares
30,000,000
24,805,000
184,893,000
2,500,000
1,453,219,775
871,912,800
280,837
37,598,029,063
262,168,650
8,637,003
16,203,924
30,903,088
T:
T:
T:
T:
T:
T:
T:
T:
T:
T:
Listing
Date
04-Apr-90
04-Apr-90
18-Dec-91
18-Dec-91
03-Jan-94
08-Sep-94
12-Mar-97
01-Sep-97
24-Apr-00
16-Oct-00
31-Jul-01
26-Apr-02
:
:
:
:
:
:
:
:
:
:
Trading
Date
04-Apr-90
04-Oct-90
02-Jan-92
31-Dec-99
21-Jan-03
08-Sep-94
07-Aug-97
05-Jun-12
19-Jan-04
16-Feb-01
26-Apr-02
25-May-04
: www.astra.co.id
: gita.tiffanyboer@ai.astra.co.id
19
ASII
Closing
Price*
Volume
(Mill. Sh)
10,000
240
8,750
210
7,500
180
6,250
150
5,000
120
3,750
90
2,500
60
1,250
30
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
80%
71.6%
60%
40%
20%
-20%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
2010
2011
2012
1,266
58,503
383
245
1,245
74,318
532
247
6,209
73,719
610
246
9,508
66,334
669
244
784
5,339
86
20
Price (Rupiah)
High
Low
Close
Close*
60,750
32,750
54,550
5,455
75,950
45,250
74,000
7,400
79,650
6,250
7,600
7,600
8,300
5,100
6,800
6,800
7,400
6,250
6,425
6,425
14.03
12.24
3.95
13.70
18.33
3.43
15.33
18.64
2.79
14.49
14.45
2.64
SHARES TRADED
15.37
PER (X)
16.08
PER Industry (X)
4.48
PBV (X)
* Adjusted price after corporate action
20
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
36,500
37,050
44,050
48,150
47,150
50,250
52,800
51,150
60,750
60,200
58,400
54,900
Low
33,200
32,750
35,900
41,900
36,050
41,950
45,900
46,250
47,700
55,500
51,750
48,800
Close
35,950
36,250
41,900
47,150
43,150
48,300
50,700
47,600
56,700
57,000
51,900
54,550
(X)
22,946
18,048
21,483
28,903
47,944
31,878
26,514
43,255
30,503
34,859
38,884
37,913
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
55,050
53,450
58,250
58,500
62,150
64,250
75,950
72,750
71,800
70,000
72,000
75,000
45,250
47,400
52,300
53,600
55,800
55,950
64,600
60,850
55,000
57,300
65,500
68,300
48,900
52,050
57,000
56,150
58,750
63,550
70,500
66,150
63,650
69,000
70,900
74,000
64,822
38,264
40,364
35,963
31,103
29,158
35,960
67,327
64,076
51,096
40,280
33,641
188,808
146,051
99,865
91,805
79,319
74,147
84,447
133,636
121,029
100,835
67,618
57,371
9,245,116
7,289,652
5,492,743
5,134,338
4,668,750
4,395,238
5,852,767
9,085,095
7,758,524
6,582,050
4,676,338
4,137,042
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
79,650
79,200
74,200
77,100
74,250
64,200
7,100
7,400
7,550
8,300
8,000
7,700
73,500
67,100
68,750
70,650
64,200
6,400
6,250
6,600
6,700
7,250
7,200
6,800
78,900
70,850
73,950
71,000
64,300
6,850
7,000
6,750
7,400
8,050
7,250
7,600
31,100
68,125
48,766
37,681
46,178
61,324
65,520
44,874
41,289
47,388
59,594
58,107
60,335
130,669
83,919
68,944
90,988
816,809
943,478
635,813
694,972
931,778
832,310
918,874
4,672,194
9,466,255
5,984,168
5,052,940
6,242,152
6,070,144
6,342,540
4,486,738
5,034,167
7,387,900
6,351,667
6,627,662
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
7,900
8,000
8,300
8,000
7,550
7,200
6,950
6,800
7,500
7,250
6,850
6,850
7,300
7,400
7,500
7,150
6,900
6,150
6,300
5,100
5,400
6,300
6,150
6,050
7,350
7,950
7,900
7,350
7,050
7,000
6,500
6,050
6,450
6,650
6,250
6,800
56,816
39,847
54,594
52,759
62,249
73,759
50,329
58,095
69,701
54,573
54,611
41,591
830,431
683,833
849,305
694,670
1,230,559
1,015,404
667,841
660,601
1,169,088
553,688
662,358
490,150
6,337,529
5,281,553
6,681,437
5,273,240
8,777,900
6,914,932
4,413,435
4,038,190
7,443,312
3,722,910
4,332,899
3,116,581
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
7,400
6,250
6,425
86,235
784,137
5,339,224
20
20
19
22
21
19
22
22
21
17
21
21
20
ASII
Public Accountant : Tanudiredja, Wibisana & Rekan (Member of PricewaterhouseCoopers Global Network)
BALANCE SHEET
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
Assets
8,732,000
Current Assets
Fixed Assets
Other Assets
Total Assets
Liabilities
225,000
739,000
612,000
1,043,000
1,824,000
2,490,000
26.89%
90,000
45,000
Current Liabilities
Total Liabilities
Growth (%)
18.73%
135,000
17.40%
Growth (%)
36.03%
180,000
35.40%
43.41%
19.02%
16.60%
2009
2010
2011
2012
2013
3,000,000
3,000,000
3,000,000
3,000,000
3,000,000
Paid up Capital
2,024,178
2,024,178
2,024,178
2,024,178
2,024,178
4,048
4,048
4,048
40,484
40,484
500
500
500
50
50
Retained Earnings
Total Equity
106,188
106,188
89,814
75,838
84,526
62,863
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-09
23.60%
53.80%
18.43%
18.23%
Dec-10
Dec-11
Dec-12
Dec-13
49,310
39,894
41,201
19,539
31.94%
Growth (%)
25.06%
15.68%
3.10%
Cost of Revenues
Gross Profit
Expenses (Income)
8,302,000
7,788,000
Operating Profit
15.44%
Growth (%)
-2,124
2009
2010
2011
2012
2013
21.10%
188,053
193,880
2012
2013
162,564
154,328
1,079,000
1,410,000
7,940,000
3,958,000
4,027,000
4,695,000
5,156,000
Growth (%)
23.95%
7.90%
114,777
98,526
5,226,000
36.64%
129,991
75,225
-1.96%
35,674
Period Attributable
Comprehensive Income
Comprehensive Attributable
2009
2010
2011
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
136.88
126.18
136.40
139.91
124.20
Dividend (Rp)
830.00
470.00
1,980.00
216.00
64.00
RATIOS
-3,878
EPS (Rp)
3,073.84
3,548.60
4,393.14
479.73
479.63
BV (Rp)
9,854.37
12,180.25
18,733.04
2,218.53
2,622.99
DAR (X)
0.45
0.48
0.51
0.51
0.50
DER(X)
1.00
1.10
1.02
1.03
1.02
ROA (%)
13.99
15.07
13.73
12.48
10.42
ROE (%)
31.19
34.48
27.79
25.32
21.00
GPM (%)
23.11
20.67
19.71
19.25
18.21
OPM (%)
12.95
11.33
10.97
NPM (%)
12.63
13.08
12.97
12.09
11.50
27.00
13.24
45.07
45.03
13.34
2.39
0.86
2.68
2.84
0.94
22,297
2012
2013
21,077
17,004
18,103
12,444
13,463
Yield (%)
8,824
4,185
-455
2009
2010
2011
21
COMPANY REPORT
ASRI
ALAM SUTERA REALTY TBK.
Company Profile
PT Alam Sutera Realty Tbk. was established on November 3rd, 1993. The Company
commenceditsoperationalactivityandpurchasedthelandin1999.
The Companys activities are developing and manage housing. The Company and its
subsidiariesdomiciledatWismaArgoManunggal,Jln.Jend.GatotSubrotoKav.22,Jakarta.
The Company owns land for development located at Serpong, Kabupaten Tangerang,
ProvinceofBantenandCianjur,ProvinceofWestJavaandstillonpurchasesoflandstage
forAlamSuteraResidentialprojectandownsseveralsubsidiaries.
ThemainrealestateprojectacquiredbytheCompanyandSubsidiariesrecentlyareAlam
SuteraResidentialprojectandSvarnaPadiprojectatPasarKemis,Tangerang.
AlamSuterabelievesthatallthedevelopmenteffortsmusttakeenvironmentalissuesinto
accountseriously.Theecofriendlydevelopmentmeantmorethanamarketinggimmick
it is the companys commitment. The Company is committed to do their part in the
handling of millions of tons of pollution in their environment every day, by setting an
examplehowtodevelopasustainablegreencommunity.
The Company has direct ownership in subsidiaries: PT Delta Mega Persada, PT Duta
Prakarsa Development, PT Nusa Cipta Pratama, PT Garuda Adhimatra Indonesia, and PT
TangerangMatraRealEstate.
TheCompanyandsubsidiarieshad1,261employeesasofDecember31th,2013.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
22
As of 30 January 2014
Individual Index
:
Listed Shares
:
Market Capitalization :
485.714
19,649,411,888
10,021,200,062,880
COMPANY HISTORY
Established Date
: 03-Nov-1993
Listing Date
: 18-Dec-2007
Under Writer IPO :
PT Ciptadana Securities
Securities Administration Bureau :
PT Raya Saham Registra
Plaza Central Building 2nd Fl.
Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930
Phone : (021) 252-5666
Fax
: (021) 252-5028
BOARD OF COMMISSIONERS
1. Marzuki Usman
2. Angeline Sutedja
3. Kristianto Sudiono
4. Pingki Elka Pangestu *)
5. Prasasto Sudyatmiko *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Harjanto Tirtohadiguno
2. Andrew Charles Walker
3. Joseph Sanusi Tjong
4. Lilia Setiprawarti Sukotjo
5. Soelaeman Soemawinata
AUDIT COMMITTEE
1. Prasasto Sudyatmiko
2. Agus R. Panjaitan
3. Satino
CORPORATE SECRETARY
Hendra Kurniawan
HEAD OFFICE
Wisma Argo Manunggal 18th Fl.
Jln. Jend. Gatot Subroto Kav. 22
Jakarta - 12930
Phone : (021) 531-40628, 252-3838
Fax
: (021) 252-5050
Homepage
Email
5,225,856,000
2,982,450,000
1,971,650,000
9,469,455,888
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
2008
2009
2010
2011
2012
Shares
Dividend
0.69
1.05
4.03
6.13
14.60
Cum Date
03-Jul-09
20-Jul-10
01-Jul-11
05-Jul-12
25-Jun-13
Ex Date
06-Jul-09
21-Jul-10
04-Jul-11
06-Jul-12
26-Jun-13
Recording
Date
09-Jul-09
23-Jul-10
06-Jul-11
10-Jul-12
28-Jun-13
:
:
:
:
26.60%
15.18%
10.03%
48.19%
Payment
Date
24-Jul-09
06-Aug-10
20-Jul-11
24-Jul-12
12-Jul-13
F/I
F
F
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
Type of Listing
First Issue
Company Listing
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Additional Listing without RI
Shares
3,142,000,000
13,986,810,000
4,974,500
40,050,000
1,000,000
18,500,000
20,000,000
250,000
3,325,000
55,000,000
45,500,000
27,500,000
63,108,500
15,000,000
60,000,000
27,500,000
388
27,500,000
277,976,000
15,000,000
1,695,000
30,412,500
1,786,310,000
Listing
Date
18-Dec-07
18-Dec-07
11-Jun-09
18-Jun-09
19-Jun-09
22-Jun-09
28-Jul-09
12-Oct-09
14-Oct-09
23-Oct-09
27-Oct-09
28-Oct-09
29-Oct-09
03-Nov-09
24-Nov-09
26-Nov-09
03-Dec-09
10-Dec-09
14-Dec-09
15-Dec-09
21-Dec-09
28-Dec-09
25-Jan-12
Trading
Date
18-Dec-07
18-Aug-08
11-Jun-09
18-Jun-09
19-Jun-09
22-Jun-09
28-Jul-09
12-Oct-09
14-Oct-09
23-Oct-09
27-Oct-09
28-Oct-09
29-Oct-09
03-Nov-09
24-Nov-09
26-Nov-09
03-Dec-09
10-Dec-09
14-Dec-09
15-Dec-09
21-Dec-09
28-Dec-09
25-Jan-12
: www.alam-sutera.com
: corsec@alam-sutera.com
23
Volume
(Mill. Sh)
1,200
7,200
1,050
6,300
900
5,400
750
4,500
600
3,600
450
2,700
300
1,800
150
900
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
385.7%
280%
149.6%
140%
71.6%
-140%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
SHARES TRADED
2010
2011
2012
40,925
7,809
261
245
20,150
7,571
244
247
29,410
15,370
297
246
31,672
24,781
511
244
2,182
1,084
54
20
320
103
295
295
500
225
460
460
650
410
600
600
1,160
425
430
430
550
424
510
510
13.63
11.09
2.95
9.69
17.34
2.49
7.30
17.79
1.59
8.66
16.27
1.88
Price (Rupiah)
High
Low
Close
Close*
Freq.
Volume
Value
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
118
141
171
225
225
195
220
210
210
290
320
310
Low
103
108
132
164
132
162
178
177
180
200
265
275
Close
109
136
164
215
170
183
205
178
205
265
280
295
(X)
10,132
23,405
18,621
36,473
34,855
17,755
16,716
18,700
25,103
27,171
19,783
12,442
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
310
255
290
305
325
345
450
450
440
500
470
480
230
225
240
265
280
305
315
360
340
340
395
430
245
245
285
295
310
325
420
420
385
435
425
460
19,196
9,005
12,373
10,749
12,896
12,324
21,840
24,237
25,423
45,657
31,786
18,406
1,651,106
590,906
937,975
1,006,591
1,311,172
1,143,722
2,374,352
2,168,218
2,016,360
3,459,789
2,106,554
1,383,018
445,752
142,983
249,543
287,673
398,549
370,811
899,084
894,522
811,334
1,508,461
934,363
628,154
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
520
610
630
650
620
570
520
495
520
580
620
640
455
480
560
560
510
455
455
430
410
470
550
550
485
570
620
600
540
490
460
440
495
580
610
600
24,608
26,234
22,571
28,484
22,850
27,226
27,925
28,541
30,974
26,538
15,187
15,745
3,163,247
3,013,912
2,116,918
1,831,503
1,453,973
4,923,539
1,557,100
1,985,545
2,734,556
2,210,093
2,653,169
1,766,756
1,462,365
1,651,814
1,272,835
1,099,178
832,432
2,336,855
754,451
910,746
1,274,455
1,173,362
1,535,319
1,065,978
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
810
970
1,160
1,090
1,130
1,080
800
830
760
700
610
530
600
750
930
970
1,020
720
650
445
450
560
455
425
770
930
1,070
1,050
1,060
750
700
550
600
610
475
430
28,260
26,881
36,275
41,384
43,176
65,671
45,919
45,493
58,331
43,176
43,705
32,921
2,758,752
1,503,613
2,093,327
2,555,637
2,136,655
4,696,607
1,984,976
2,264,238
3,063,421
4,867,653
2,060,989
1,686,157
2,724,524
1,299,168
2,178,327
2,636,209
2,296,257
4,021,982
1,452,171
1,407,217
1,822,815
3,050,634
1,091,598
800,565
21
20
19
22
22
19
23
17
21
21
20
19
550
424
510
53,655
2,182,118
1,083,703
20
Jan-14
18.14
PER (X)
9.97
PER Industry (X)
2.39
PBV (X)
* Adjusted price after corporate action
24
2013 Jan-14
Closing Price
Day
TRADING ACTIVITIES
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Paul Hadiwinata, Hidajat, Arsono, Ade Fatma & Rekan (Member of PKF International Ltd)
BALANCE SHEET
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
430,593
732,357
844,906
1,641,316
890,181
Assets
Receivables
25,512
14,693
21,596
29,721
84,690
Inventories
1,841,950
2,186,131
2,395,213
1,661,094
937,153
Investment
28,827
57,476
312,000
50,900
148,063
341,514
708,121
801,678
806,319
11,619
61,186
Fixed Assets
Other Assets
Total Assets
72,449
322,433
3,559,965
4,587,986
28.88%
Growth (%)
Bank Payable
Trade Payable
Total Liabilities
30.94%
82.21%
9,000
6,000
3,000
-
554,227
795,658
45,000
26,212
35,519
35,257
165,089
1,624,837
2,371,566
3,220,676
6,214,543
9,096,298
45.96%
35.80%
92.96%
46.37%
Growth (%)
12,000
31.81%
19,063
Liabilities
15,000
2009
2010
2011
2012
2013
2,400,000
24,000
2,400,000
2,400,000
2,400,000
Paid up Capital
1,786,310
1,786,310
1,786,310
1,964,941
1,964,941
17,863
17,863
17,863
19,649
19,649
100
100
100
100
100
167,392
448,273
977,938
2,050,204
2,640,107
1,927,423
2,208,305
2,786,872
4,731,875
5,331,785
14.57%
26.20%
69.79%
12.68%
5,332
5,332
4,732
4,244
2,787
3,156
Total Equity
Growth (%)
INCOME STATEMENTS
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
Total Revenues
403,627
765,213
1,381,046
2,446,414
3,684,240
89.58%
80.48%
77.14%
50.60%
Growth (%)
Cost of Revenues
241,599
349,046
566,656
979,517
1,846,814
Gross Profit
162,029
416,167
814,391
1,466,897
1,837,425
51,388
73,088
120,770
212,884
304,204
110,641
343,079
693,620
1,254,013
1,533,221
210.08%
102.18%
80.79%
22.27%
7,170
-12,897
-22,477
90,182
-451,445
117,811
330,182
671,143
1,344,195
1,081,776
Operating Expenses
Operating Profit
1,927
2,208
2,069
981
-107
2009
2010
2011
2012
2013
Growth (%)
2,933
23,634
39,287
68,407
128,103
192,199
94,177
290,895
602,737
1,216,092
889,577
208.88%
107.20%
101.76%
-26.85%
Growth (%)
2,446
2,181
1,381
1,429
765
678
Period Attributable
94,177
290,484
601,654
1,192,716
876,785
Comprehensive Income
94,021
290,895
602,737
1,216,092
889,577
290,484
601,654
1,192,716
876,785
Comprehensive Attributable
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
Dividend (Rp)
1.05
4.03
6.13
14.60
EPS (Rp)
5.27
16.26
33.68
60.70
44.62
BV (Rp)
107.90
123.62
156.01
240.82
271.35
DAR (X)
0.46
0.52
0.54
0.57
0.63
DER(X)
0.84
1.07
1.16
1.31
1.71
ROA (%)
2.65
6.34
10.03
11.11
6.17
ROE (%)
4.89
13.17
21.63
25.70
16.68
GPM (%)
40.14
54.39
58.97
59.96
49.87
OPM (%)
27.41
44.83
50.22
51.26
41.62
NPM (%)
23.33
38.01
43.64
49.71
24.15
19.92
24.78
18.20
24.05
1.00
1.37
1.33
2.43
RATIOS
404
-74
2009
2010
2012
2013
890
968
603
720
Yield (%)
2011
472
291
224
94
-24
2009
2010
2011
2012
2013
25
COMPANY REPORT
BBCA
BANK CENTRAL ASIA TBK.
Company Profile
PT Bank Central Asia Tbk. was established under the name N.V. Perseroan Dagang dan
Industrie Semarang Knitting Factory on October 10th, 1955. The name has changed for
severaltime,thelastchangewasonMay21st,1974,whichisPTBankCentralAsia.
The Bank began operations in banking since the date of October 12, 1956. The Bank
operates as a commercial bank. Bank engaged in banking and other financial services in
accordancewiththeregulationsapplicableinIndonesia.
Asof31December2013,BCAhad953domesticsbranchesand2overseasrepresentatives
locatedinSingaporeandHongKong.
BCAhasdirectandindirectownershipinsubsidiaries:BCAFinance,BCAFinanceLimited,
PTBankBCASyariah,PTBCASekuritas(formerlyPTDinamikaUsahaJaya)andPTCentral
SejahteraInsurance.
AsofDecember31st,2013,BCAhad21,281permanentemployees.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the
publisher or of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the
publication it should not be by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or
otherwise responsible in anyway for any advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
26
As of 30 January 2014
Main Board
Industry Sector : Finance (8)
Industry Sub Sector : Bank (81)
5,671.429
Individual Index
:
Listed Shares
24,408,459,120
:
Market Capitalization : 242,253,956,766,000
COMPANY HISTORY
Established Date
: 10-Aug-1955
Listing Date
: 31-May-2000
Under Writer IPO :
PT Danareksa Sekuritas
PT Bahana Securities
Securities Administration Bureau :
PT Raya Saham Registra
Plaza Central Building 2nd Fl.
Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930
Phone : (021) 252-5666
Fax
: (021) 252-5028
BOARD OF COMMISSIONERS
1. Djohan Emir Setijoso
2. Cyrillus Harinowo *)
3. Raden Pardede *)
4. Sigit Pramono *)
5. Tonny Kusnadi
*) Independent Commissioners
BOARD OF DIRECTORS
1. Jahja Setiaatmadja
2. Anthony Brent Elam
3. Armand Wahyudi Hartono
4. Dhalia Mansor Ariotedjo
5. Erwan Yuris Ang
6. Eugene Keith Galbraith
7. Henry Koenaifi
8. Renaldo Hector Barros
9. Subur Tan
10. Suwignyo Budiman
AUDIT COMMITTEE
1. Sigit Pramono
2. Ilham Ikhsan
3. Inawaty Suwardi
CORPORATE SECRETARY
Inge Setiawati
Shares
Dividend
85.00
140.00
225.00
225.00
50.00
80.00
50.00
90.00
55.00
115.00
55.00
63.50
35.00
65.00
40.00
70.00
42.50
70.00
43.50
113.50
43.50
71.00
45.00
Cum Date
14-Nov-01
29-Oct-02
03-Dec-03
30-Jun-04
22-Nov-04
19-Jul-05
06-Oct-05
06-Jun-06
10-Oct-06
08-Jun-07
29-Nov-07
12-Jun-08
15-Jan-09
09-Jun-09
12-Nov-09
31-May-10
19-Nov-10
06-Jun-11
06-Dec-11
08-Jun-12
03-Dec-12
28-May-13
28-Nov-13
11,125,990,000 :
13,282,469,120 :
Recording
Date
20-Nov-01
01-Nov-02
08-Dec-03
06-Jul-04
25-Nov-04
22-Jul-05
11-Oct-05
09-Jun-06
13-Oct-06
13-Jun-07
04-Dec-07
17-Jun-08
20-Jan-09
12-Jun-09
17-Nov-09
03-Jun-10
24-Nov-10
09-Jun-11
09-Dec-11
13-Jun-12
06-Dec-12
31-May-13
03-Dec-13
Ex Date
15-Nov-01
30-Oct-02
04-Dec-03
01-Jul-04
23-Nov-04
20-Jul-05
07-Oct-05
07-Jun-06
11-Oct-06
11-Jun-07
30-Nov-07
13-Jun-08
16-Jan-09
10-Jun-09
13-Nov-09
01-Jun-10
22-Nov-10
07-Jun-11
07-Dec-11
11-Jun-12
04-Dec-12
29-May-13
29-Nov-13
45.13%
54.87%
Payment
Date
04-Dec-01
15-Nov-02
19-Dec-03
20-Jul-04
08-Dec-04
05-Aug-05
25-Oct-05
23-Jun-06
03-Nov-06
27-Jun-07
18-Dec-07
01-Jul-08
30-Jan-09
26-Jun-09
02-Dec-09
17-Jun-10
09-Dec-10
23-Jun-11
23-Dec-11
27-Jun-12
20-Dec-12
17-Jun-13
17-Dec-13
F
F
F
F
F
F
F
I
I
I
F
I
F
I
F
I
F
I
F
I
F
I
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
Type of Listing
First Issue
Company Listing
Stock Split
Option Conversion
Option Conversion MSOP
Partial Delisting
Shares
662,400,000
2,252,146,140
21,199,350,480
210,852,000
89,226,500
-5,516,000
T:
T:
T:
T:
Listing
Date
31-May-00
31-May-00
15-May-01
29-Nov-01
04-Aug-03
04-Jan-08
:
:
:
:
Trading
Date
31-May-00
11-Jan-01
28-Jan-08
09-Nov-06
29-Sep-04
04-Jan-08
HEAD OFFICE
Menara BCA 20th Fl. Grand Indonesia
Jln. M.H. Thamrin No. 1
Jakarta - 10310
Phone : (021) 571-1250
Fax
: (021) 570-1865
Homepage
Email
F/I
: www.klikbca.com
: inge_setiawati@bca.co.id
27
Volume
(Mill. Sh)
12,000
560
10,500
490
9,000
420
7,500
350
6,000
280
4,500
210
3,000
140
1,500
70
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
96.5%
87.8%
80%
71.6%
60%
40%
20%
-20%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
SHARES TRADED
2010
2011
2012
4,284
25,325
207
245
3,674
26,586
299
247
3,778
29,765
241
246
3,958
39,776
370
244
367
3,603
57
20
7,200
4,425
6,400
6,400
8,850
5,300
8,000
8,000
9,500
6,750
9,100
9,100
12,500
8,450
9,600
9,600
10,350
9,250
9,925
9,925
18.31
6.61
4.69
18.86
6.58
4.32
17.13
17.01
3.87
17.71
18.74
4.00
Price (Rupiah)
High
Low
Close
Close*
18.61
PER (X)
16.00
PER Industry (X)
4.63
PBV (X)
* Adjusted price after corporate action
28
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
5,150
5,100
5,850
6,200
5,600
6,000
6,300
6,150
6,900
7,100
7,200
6,750
Low
4,725
4,425
4,800
5,400
4,825
5,250
5,500
5,650
5,850
6,550
6,050
6,150
Close
5,000
4,875
5,500
5,450
5,550
5,950
5,950
5,800
6,700
7,000
6,050
6,400
(X)
13,903
14,815
12,983
14,597
26,162
14,774
12,580
13,290
13,878
17,064
23,971
29,198
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
6,650
6,450
7,000
7,700
7,500
7,700
8,500
8,850
8,500
8,150
8,400
8,250
5,300
5,550
6,300
6,800
7,000
7,000
7,550
7,250
6,950
7,050
7,450
7,700
5,650
6,300
6,950
7,400
7,100
7,650
8,300
8,000
7,700
8,100
7,900
8,000
36,521
19,474
21,965
16,724
19,416
17,083
22,050
37,790
33,396
29,893
28,088
17,092
515,715
309,683
301,403
217,742
205,970
216,573
235,954
465,218
339,968
311,498
360,677
193,852
3,024,334
1,855,713
2,028,622
1,561,623
1,481,677
1,572,104
1,889,559
3,714,097
2,651,632
2,412,690
2,850,162
1,543,490
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
8,250
8,250
8,150
8,250
8,100
7,500
8,050
8,050
8,150
8,250
9,400
9,500
7,850
7,200
7,450
7,750
7,000
6,750
7,250
7,650
7,750
7,800
8,150
8,750
8,000
7,600
8,000
8,000
7,000
7,300
8,000
7,750
7,900
8,200
8,800
9,100
20,524
34,730
20,067
14,002
22,561
21,978
20,559
16,480
17,988
15,210
17,126
19,730
284,722
493,690
215,749
236,761
398,309
289,274
343,483
430,418
284,480
322,195
247,495
231,033
2,292,976
3,726,985
1,685,625
1,894,521
2,996,959
2,085,318
2,611,726
3,358,206
2,266,305
2,599,470
2,149,295
2,098,035
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
22,825
22,323
27,863
25,790
26,204
46,266
31,898
33,059
39,349
25,605
38,027
30,855
280,620
662,141
259,577
316,861
253,379
521,956
236,737
300,896
344,117
342,053
253,767
186,366
2,589,237
6,634,281
2,789,619
3,437,786
2,749,582
5,000,323
2,350,258
2,901,118
3,377,809
3,604,261
2,565,011
1,776,805
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
10,350
9,925
57,353
367,092
3,602,939
20
9,250
20
19
22
21
19
22
22
21
17
21
21
20
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Assets
8,865,151
38,501
171,728
Fixed Assets
2,971,269
3,406,957
4,144,659
6,406,625
7,440,017
Other Assets
3,325,651
3,682,901
4,185,031
6,265,653
6,564,382
Investment
Total Assets
Taxes Payable
Fund Borrowings
Other Liabilities
Total Liabilities
182,544
14.88%
Growth (%)
Deposits
104,246
17.72%
15.99%
12.03%
400,000
300,000
200,000
100,000
-
493,337
432,101
216,614
Liabilities
500,000
2009
2010
2011
2012
730,333
448,721
449,188
128,018
500,952
2,375,459
2,812,014
3,483,582
5,620,847
5,768,437
Growth (%)
2013
276,017
14.06%
17.07%
14.77%
10.84%
63,967
63,967
51,898
Authorized Capital
5,500,000
5,500,000
5,500,000
5,500,000
5,500,000
Paid up Capital
1,540,938
1,540,938
1,540,938
1,540,938
1,540,938
24,655
24,655
24,655
24,655
24,655
63
63
63
63
63
Retained Earnings
Total Equity
22.44%
Growth (%)
23.22%
23.49%
50,917
42,027
34,108
37,868
27,857
24,819
11,770
23.25%
-1,279
INCOME STATEMENTS
Total Interest Income
Dec-09
Dec-10
Dec-11
Dec-12
-9.90%
18.91%
17.58%
18.67%
Interest Expenses
8,031,428
7,723,774
7,730,157
7,647,167
7,852,009
4,348,342
7,359,500
7,213,378
6,375,833
470,940
8,471,235
Growth (%)
426,209
22.08%
27.85%
7.21%
19.80%
253,079
321,983
430,478
736,939
2,137,850
2,173,996
6,807,242
24.56%
Growth (%)
2,800,960
27.58%
2,967,586
8.33%
3,559,367
2011
2012
2013
28,885
27,285
22,931
24,567
20,661
20,292
13,300
6,307
-686
21.66%
2009
2010
2011
2012
2013
Period Attributable
6,807,242
Comprehensive Income
6,807,242
Comprehensive Attributable
2010
Growth (%)
Non-Operating Revenues
2009
Dec-13
RATIOS
Dividend (Rp)
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
110.00
112.50
157.00
114.50
45.00
276.10
343.92
438.83
475.43
578.13
BV (Rp)
1,129.86
1,383.40
1,704.62
2,104.97
2,594.47
DAR (X)
0.90
0.89
0.89
0.88
0.87
DER(X)
9.14
8.51
8.09
7.52
6.76
EPS (Rp)
ROA (%)
2.41
2.61
2.83
2.65
2.87
ROE (%)
24.44
24.86
25.74
22.58
22.29
OPM (%)
37.15
50.34
54.12
49.35
49.83
NPM (%)
29.69
41.04
44.03
40.57
41.59
39.84
32.71
35.78
24.08
7.78
2.27
1.76
1.96
1.26
0.47
Yield (%)
10,818
11,718
11,348
8,479
8,440
6,807
5,531
2,623
-285
2009
2010
2011
2012
2013
29
COMPANY REPORT
BBNI
BANK NEGARA INDONESIA
(PERSERO) TBK.
Company Profile
PTBankNegaraIndonesia(Persero)Tbk.wasoriginallyestablishedinIndonesiaasacentral
bank under the name Bank Negara Indonesia dated July 5th, 1946. Subsequently, BNI
became Bank Negara Indonesia 1946 and changed its status to a stateowned
commercialbank.
BNIsscopeofactivityistoBNIsscopeofactivityistoengageingeneralbankingservices.
As of December 31st, 2013, BNI had 168 domestic branches, 912 domestic subbranches,
and592otheroutlet.Inaddition,BNIsnetworkalsoincluded4overseasbrancheslocated
inSingapore,HongKong,TokyoandLondonand1agencyinNewYork.
BNI has direct ownership in the following subsidiaries: PT BNI Life Insurance, PT BNI
Multifinance, PT BNI Securities, BNI Remittance Ltd. and PT Bank BNI Syariah. All of the
subsidiaries of BNI are domiciled in Jakarta, except for BNI Remittance Ltd. which is
domiciledinHongKong.
As of December 31st, 2013, BNI had 22,477 permanent employees and 3,623 non
permanentemployees.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the
publisher or of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the
publication it should not be by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or
otherwise responsible in anyway for any advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
30
As of 30 January 2014
Main Board
Industry Sector : Finance (8)
Industry Sub Sector : Bank (81)
Individual Index
:
Listed Shares
:
Market Capitalization :
20.970
18,462,169,893
80,495,060,733,480
COMPANY HISTORY
Established Date
: 05-Jul-1946
Listing Date
: 25-Nov-1996
Under Writer IPO :
PT Bahana Securities
PT BNI Securities
PT Danareksa Sekuritas
PT Pentasena Arthasentosa
Securities Administration Bureau :
PT Datindo Entrycom
Wisma Sudirman - Puri Datindo
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220
Phone : (021) 570-9009
Fax
: (021) 570-9026
BOARD OF COMMISSIONERS
1. Peter Benyamin Stock *)
2. A. Pandu Djajanto
3. Achil Ridwan Djayadiningrat *)
4. B.S. Kusmuljono *)
5. Daniel Theodore Sparringa
6. Fero Poerbonegoro *)
7. Kiagus Ahmad Badaruddin
8. Tirta Hidayat
*) Independent Commissioners
BOARD OF DIRECTORS
1. Gatot Mudhiantoro Suwondo
2. Adi Setianto
3. Ahdi Jumhari Luddin
4. Darmadi Sutanto
5. Felia Salim
6. Honggo Widjoyo Kangmasto
7. Krishna R. Suparto
8. Sutanto
9. Sutirta Budiman
10. Suwoko Singoastro
11. Yap Tjay Soen
11,189,193,875 :
7,272,976,018 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
1996
1997
2001
2002
2003
2005
2005
2006
2007
2008
2009
2009
2010
2011
2012
2013
Shares
Dividend
13.00
14.00
4.41
6.30
23.71
118.07
53.26
72.50
29.40
8.00
9.44
47.48
65.98
62.48
113.35
145.71
Cum Date
06-May-97
30-Jun-98
09-Oct-02
23-Oct-03
01-Jul-04
23-Jun-05
15-Jun-06
19-Jun-07
17-Jun-08
18-Jun-09
25-Nov-09
08-Jun-10
10-Jun-11
10-May-12
26-Apr-13
28-Apr-14
Ex Date
07-May-97
01-Jul-98
10-Oct-02
24-Oct-03
02-Jul-04
24-Jun-05
16-Jun-06
20-Jun-07
18-Jun-08
19-Jun-09
26-Nov-09
09-Jun-10
13-Jun-11
11-May-12
29-Apr-13
29-Apr-14
Recording
Date
16-May-97
10-Jul-98
14-Oct-02
28-Oct-03
07-Jul-04
28-Jun-05
20-Jun-06
22-Jun-07
20-Jun-08
23-Jun-09
01-Dec-09
11-Jun-10
15-Jun-11
15-May-12
01-May-13
02-May-14
60.00%
40.00%
Payment
Date
14-Jun-97
08-Aug-98
28-Oct-02
05-Nov-03
21-Jul-04
07-Jul-05
04-Jul-06
02-Jul-07
04-Jul-08
07-Jul-09
11-Dec-09
25-Jun-10
30-Jun-11
30-May-12
16-May-13
19-May-14
F
F
F
F
F
F
F
F
F
I
F
F
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Type of Listing
Negara RI (Seri A)
First Issue
Company Listing
Partial Delisting
Right Issue
Additional Listing
Partial Delisting
Reverse Split
Right Issue
Partial Delisting
Right Issue
Shares
1
1,085,032,000
3,255,095,999
-43,401,280
151,904,480,000
41,375,391,255
-343,540,085
-184,084,187,364
1,974,563,625
-2,233,046
3,340,968,788
Listing
Date
25-Nov-96
25-Nov-96
25-Nov-96
02-Jul-99
05-Jul-99
20-Apr-01
12-Dec-01
23-Dec-03
13-Aug-07
31-Aug-07
29-Dec-10
Trading
Date
25-Nov-96
28-Jun-97
02-Jul-99
05-Jul-99
20-Apr-01
12-Dec-01
23-Dec-03
13-Aug-07
31-Aug-07
29-Dec-10
AUDIT COMMITTEE
1. Achil Ridwan Djayadiningrat
2. Bambang Hendrajatin
3. Darminto
CORPORATE SECRETARY
Tribuana Tunggadewi
HEAD OFFICE
Gedung BNI 24th Fl.
Jln. Jend. Sudirman Kav. 1
Jakarta - 10220
Phone : (021) 251-1946
Fax
: (021) 251-1214, 1961, 1075, 572-8805, 8053, 8295
Homepage
Email
F/I
: www.bni.co.id
: tribuana.tunggadewi@bni.co.id
31
Volume
(Mill. Sh)
5,600
3,200
4,900
2,800
4,200
2,400
3,500
2,000
2,800
1,600
2,100
1,200
1,400
800
700
400
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
120%
90%
87.8%
71.6%
60%
30%
-30%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
SHARES TRADED
2010
2011
2012
10,016
31,248
184
244
7,868
29,825
290
247
7,063
26,382
250
246
7,390
32,587
384
244
479
1,966
56
20
5,100
1,730
3,875
3,875
4,600
2,975
3,800
3,800
4,225
3,325
3,700
3,700
5,600
3,375
3,950
3,950
4,420
3,660
4,360
4,360
11.83
6.61
1.87
9.58
6.58
1.59
8.45
17.01
1.61
9.33
18.74
1.78
Price (Rupiah)
High
Low
Close
Close*
17.62
PER (X)
16.00
PER Industry (X)
2.18
PBV (X)
* Adjusted price after corporate action
32
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
2,025
1,960
2,350
2,600
2,575
2,525
3,100
3,475
4,000
4,150
4,100
5,100
Low
1,890
1,730
1,850
2,225
2,200
2,300
2,275
2,875
3,350
3,625
3,625
3,600
Close
1,930
1,910
2,275
2,600
2,500
2,350
3,025
3,475
3,675
3,900
4,050
3,875
(X)
10,453
12,968
16,181
10,596
11,196
7,563
13,283
13,428
20,103
18,266
14,479
35,752
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
3,925
3,575
4,000
4,175
4,100
3,900
4,500
4,600
4,250
4,125
4,050
4,025
3,075
3,150
3,550
3,850
3,750
3,550
3,775
3,700
2,975
3,125
3,550
3,675
3,225
3,550
3,975
4,050
3,875
3,875
4,450
4,125
3,725
4,025
3,800
3,800
28,789
15,096
22,145
20,942
18,988
20,760
21,591
26,054
34,141
35,268
25,267
20,690
1,025,789
458,732
678,079
550,731
514,867
472,644
700,897
792,573
652,860
851,192
593,385
576,138
3,525,260
1,557,467
2,531,016
2,197,504
2,001,771
1,783,047
2,850,203
3,298,381
2,428,834
3,126,593
2,292,416
2,232,935
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
3,950
3,775
4,000
4,225
4,050
3,850
3,975
4,000
3,975
3,950
3,850
3,800
3,600
3,325
3,625
3,825
3,575
3,500
3,725
3,625
3,725
3,775
3,525
3,525
3,625
3,775
4,000
4,025
3,700
3,825
3,975
3,725
3,925
3,850
3,700
3,700
33,481
49,190
22,662
17,676
15,982
12,717
13,102
16,897
16,128
14,881
20,135
16,684
1,088,649
1,450,572
523,737
488,524
420,781
317,367
357,854
480,873
490,626
500,990
446,149
497,250
4,024,984
5,117,308
2,006,312
1,941,702
1,619,666
1,188,374
1,381,432
1,833,994
1,896,606
1,933,721
1,632,538
1,805,016
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
3,925
4,625
5,100
5,450
5,600
4,900
4,425
4,375
5,000
4,875
4,825
4,275
3,650
3,950
4,475
4,850
4,875
3,975
3,775
3,375
3,400
4,100
4,050
3,700
3,925
4,600
5,050
5,400
4,875
4,300
4,275
3,850
4,075
4,800
4,100
3,950
21,824
24,739
30,569
30,309
33,765
46,190
34,934
29,977
37,673
28,491
34,672
30,571
618,278
733,921
659,186
640,452
679,580
901,397
583,563
612,307
629,913
415,673
463,162
452,169
2,347,177
3,138,250
3,126,953
3,265,931
3,560,565
4,012,428
2,426,709
2,370,950
2,594,062
1,893,006
2,040,459
1,810,642
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
4,420
3,660
4,360
55,797
479,251
1,966,311
20
20
19
22
21
19
22
22
20
17
21
21
20
Public Accountant : Tanudiredja, Wibisana & Rekan (Member of PricewaterhouseCoopers Global Network)
BALANCE SHEET
Dec-09
Dec-10
Dec-11
4,903,316
5,480,703
6,197,731
Dec-12
Dec-13
Cash on Hand
Assets
7,969,378 10,089,927
Marketable Securities
19,197,927 13,181,480
Loans
Investment
7,627,768
9,800,970 11,965,698
310,000
24,398
24,335
24,026
39,507
Fixed Assets
3,707,940
3,838,079
4,052,708
4,591,588
5,513,569
Other Assets
2,898,406
4,162,883
4,655,153
3,312,032
3,156,891
Total Assets
Liabilities
387,500
9.27%
Growth (%)
20.31%
11.45%
232,500
155,000
77,500
16.01%
-
Deposits
94,036
182,128
Fund Borrowings
5,569,805
Other Liabilities
5,133,675
Taxes Payable
Total Liabilities
2009
171,716
5,623,480
8,725,796
8,749,762
6,403,952
6,750,931
4,158,421
5,707,851
2010
2011
2012
3.41%
Growth (%)
21.25%
10.93%
2013
323,957
47,684
16.98%
43,525
37,843
Authorized Capital
Paid up Capital
9,054,807
9,054,807
9,054,807
9,054,807
15,274
18,649
18,649
18,649
18,649
33,120
37,956
28,229
19,144
7,500 & 7,500 & 375 7,500 & 7,500 & 375 7,500 & 7,500 & 375 7,500 & 7,500 & 375 7,500 & 7,500 & 375
18,501
4,662,449
73.01%
Growth (%)
14.26%
15.02%
8,774
9.55%
-954
INCOME STATEMENTS
Total Interest Income
Dec-09
Dec-10
Dec-11
Dec-12
2009
Dec-13
2010
2011
2012
2013
-3.13%
9.84%
9.73%
16.50%
Interest Expenses
8,313,998
7,116,680
7,495,982
7,245,524
7,392,427
4,295,385
7,061,053
7,601,475
8,445,813
9,440,904
7,991,230
3,386,114
5,509,018
7,242,583
62.69%
31.47%
Growth (%)
Growth (%)
Non-Operating Revenues
Income Before Tax
22,705
21,055
20,692
19,447
18,837
2009
2010
8,641,023 11,218,803
19.31%
29.83%
258,539
59,362
57,835
-23,558
218,725
3,443,949
5,485,460
7,461,308
8,899,562 11,278,165
957,230
1,382,262
1,653,090
1,851,200
2,220,224
2,486,719
4,103,198
5,808,218
7,048,362
9,057,941
65.00%
41.55%
21.35%
28.51%
15,659
10,263
4,867
Growth (%)
Period Attributable
2,486,719
4,101,706
5,825,904
7,046,145
9,054,345
Comprehensive Income
2,483,995
4,673,461
5,991,144
7,202,604
6,243,854
4,673,494
6,007,817
7,200,391
6,240,258
Comprehensive Attributable
-529
2011
2012
2013
RATIOS
Dividend (Rp)
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
56.92
65.98
62.48
113.35
145.71
162.81
219.95
312.40
377.84
485.52
BV (Rp)
1,253.35
1,775.98
2,029.26
2,333.96
2,556.94
DAR (X)
0.92
0.87
0.87
0.87
0.88
DER(X)
10.88
6.50
6.90
6.66
7.11
EPS (Rp)
7,048
7,210
5,808
5,362
ROA (%)
1.09
1.65
1.94
2.11
2.34
ROE (%)
12.99
12.39
15.35
16.19
19.00
OPM (%)
17.41
29.25
35.00
38.06
42.41
NPM (%)
12.79
21.78
28.07
31.04
34.24
34.96
30.00
20.00
30.00
30.01
2.87
1.70
1.64
3.06
3.69
Yield (%)
4,103
3,514
2,487
1,667
-181
2009
2010
2011
2012
2013
33
COMPANY REPORT
BBRI
BANK RAKYAT INDONESIA (PERSERO) TBK.
Company Profile
PT Bank Rakyat Indonesia (Persero) Tbk. as the oldest commercial bank in Indonesia,
establishedon16December1895inPurwokerto,CentralJava.BRIwentpublicin2003and
consistently maintains it commitment towards the Micro, Small, and Medium Business
segment(MSMEs)upuntilnow.TheGovernmentofTheRepublicIndonesiaisthemajority
shareholder of BRI with 56.75% share, while the general public shareholders hold the
remaining43.25%ofshare.
ThevisionoftheBankisbeingtheleadingcommercialbankthatalwaysprioritizecustomer
satisfaction. To accomplish the Companys vision, BRI has set itself with three missions.
First,toconductthebestbankingpracticewithaprioritygiventoservicestheMicro,Small
andMediumEnterprises(MSMEs)inordertosupporttheeconomyofthepeople.Second,
to provide its customers with excellent services delivered through its vast network and
supported by professional human resources, while adhering to the practices of Good
CorporateGovernance.Third,tocreateoptimalvaluesandbenefitsforitsstakeholders.
Sinceitsinception,BRIhascommitmenttofocusonbankingservicesinmicro,small,and
mediumenterprises(MSMEs).Thiscommitmentisreflectedintheallocationofloansfor
thesectorsthataffectthelivelihoodofthepopulationandotherfinancialservicesthatthe
Bankofferstothecommunity.
AsofDecember31st,2013,BRIhad18regionaloffices,18inspectionoffices,449domestic
branches,1specialbranch,565subbranchoffices,3overseasbranches,950cashoffices,
5,060BRIunits,2,151terraces,and401mobileterraces.TheBankhad81,238employees
(unaudited).
BRIhasownershipinsubsidiaries:PTBankBRISyariah,PTBankRakyatIndonesiaAgroniaga
Tbk.,andBRIRemittanceCo.Ltd.HongKong.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the
publisher or of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the
publication it should not be by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or
otherwise responsible in anyway for any advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
34
As of 30 January 2014
Main Board
Industry Sector : Finance (8)
Industry Sub Sector : Bank (81)
1,902.857
Individual Index
:
Listed Shares
:
24,422,470,380
Market Capitalization : 203,317,065,913,500
COMPANY HISTORY
COMPANY HISTORY
Established Date
: 16-Dec-1895
Listing Date
: 10-Nov-2003
Under Writer IPO :
PT Bahana Securuties
Securities Administration Bureau :
PT Datindo Entrycom
Wisma Sudirman - Puri Datindo
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220
Phone : (021) 570-9009
Fax
: (021) 570-9026
BOARD OF COMMISSIONERS
1. Bunasor Sanim *)
2. Adhyaksa Dault *)
3. Ahmad Fuad *)
4. Aviliani *)
5. Hermanto Siregar
6. Heru Lelono
7. Mustafa Abubakar *)
8. Vincentius Sonny Loho
*) Independent Commissioners
BOARD OF DIRECTORS
1. Sofyan Basir
2. Achmad Baiquni
3. Agus Toni Soetirto
4. Asmawi Syam
5. Djarot Kusumayakti
6. Gatot Mardiwasisto
7. Lenny Sugihat
8. Randi Anto
9. Sarwono Sudarto
10. Sulaiman Arif Arianto
11. Suprajarto
AUDIT COMMITTEE
1. Bunasor Sanim
2. Adhyaksa Dault
3. Ahmad Fuad
4. Dedi Budiman Hakim
5. H.C. Royke Singgih
6. Hermanto Siregar
7. Syahrir Nasution
8. Vincentius Sonny Loho
CORPORATE SECRETARY
Budi Satria
14,000,000,000 :
10,422,470,380 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
2003
2005
2005
2006
2007
2008
2009
2010
2010
2011
2012
2013
Shares
Dividend
84.19
152.88
156.18
173.04
196.34
168.82
132.08
45.93
70.04
122.28
225.23
257.33
Cum Date
06-Jul-04
16-Jun-05
21-Jun-06
13-Jun-07
18-Jun-08
16-Jun-09
28-Jun-10
17-Dec-10
27-May-11
26-Apr-12
26-Mar-13
28-Apr-14
Recording
Date
09-Jul-04
21-Jun-05
26-Jun-06
18-Jun-07
23-Jun-08
19-Jun-09
01-Jul-10
22-Dec-10
01-Jun-11
01-May-12
01-Apr-13
02-May-14
Ex Date
07-Jul-04
17-Jun-05
22-Jun-06
14-Jun-07
19-Jun-08
17-Jun-09
29-Jun-10
20-Dec-10
30-May-11
27-Apr-12
27-Mar-13
29-Apr-14
56.75%
43.25%
Payment
Date
23-Jul-04
05-Jul-05
10-Jul-06
02-Jul-07
07-Jul-08
03-Jul-09
15-Jul-10
30-Dec-10
15-Jun-11
15-May-12
15-Apr-13
14-May-14
F/I
F
F
F
F
F
F
I
F
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
Type of Listing
First Issue
Company Listing
MSOP Conversion
MSOP Conversion I & II
MSOP Conversion II
MSOP Conversion I, II & III
MSOP Conversion II & III
MSOP Conversion I
MSOP Conversion III
MSOP Conversion I & III
MSOP Conversion I & II
MSOP Conversion III
MSOP Conversion I
MSOP Conversion II
MSOP Conversion I & II
Delisting of shares Negara RI
Stock Split
Shares
4,764,705,000
6,882,352,950
114,572,000
333,519,000
8,879,000
59,421,500
36,021,500
256,500
11,609,000
2,493,500
199,500
2,227,000
532,500
49,500
95,500
-5,698,760
12,211,235,190
T:
T:
T:
T:
T:
T:
T:
T:
T:
T:
T:
T:
T:
Listing
Date
10-Nov-03
10-Nov-03
24-Nov-04
16-Nov-05
25-Sep-06
23-Nov-06
24-Nov-06
09-Jan-07
25-Jun-07
21-Nov-07
27-Mar-08
05-Aug-08
28-Aug-08
02-Sep-08
11-Nov-08
07-Jan-11
11-Jan-11
:
:
:
:
:
:
:
:
:
:
:
:
:
Trading
Date
10-Nov-03
31-May-04
11-Nov-05
18-Oct-07
12-Nov-09
27-Dec-07
26-Jun-09
26-May-08
15-Nov-10
08-Aug-08
27-May-08
22-Dec-08
13-Nov-08
14-Oct-08
11-Nov-08
07-Jan-11
11-Jan-11
HEAD OFFICE
Gedung BRI I, 20th Fl.
Jln. Jend. Sudirman No. 44 - 46
Jakarta - 10210
Phone : (021) 653-10418
Fax
: (021) 653-04957
Homepage
Email
: www.bri.co.id
: ir@bri.co.id
35
Volume
(Mill. Sh)
10,000
160
8,750
140
7,500
120
6,250
100
5,000
80
3,750
60
2,500
40
1,250
20
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
71.6%
50%
25%
-25%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
SHARES TRADED
2010
2011
2012
4,920
44,926
278
245
10,695
65,512
625
247
9,285
62,701
514
246
9,932
78,393
730
244
935
7,534
87
20
Price (Rupiah)
High
Low
Close
Close*
12,800
6,950
10,500
5,250
10,750
4,525
6,750
6,750
7,850
5,150
6,950
6,950
9,950
6,200
7,250
7,250
8,850
7,000
8,325
8,325
10.89
6.61
3.34
9.18
6.58
2.64
8.69
17.01
2.43
9.97
18.74
2.78
11.29
PER (X)
16.00
PER Industry (X)
3.53
PBV (X)
* Adjusted price after corporate action
36
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
Low Close
8,300 7,500 7,650
7,700 6,950 7,150
8,450 7,100 8,250
9,050 7,950 8,950
9,100 7,600 8,600
9,750 8,300 9,300
10,150 9,000 9,900
9,850 8,800 9,300
10,800 9,350 10,000
11,900 9,850 11,400
12,800 10,500 10,500
11,700 9,800 10,500
(X)
18,811
20,338
27,637
24,877
21,790
12,801
13,978
26,105
23,114
26,113
25,045
37,298
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
10,750
5,000
5,800
6,650
6,600
6,550
6,950
7,250
7,000
6,900
7,050
7,050
4,550
4,525
4,725
5,650
6,000
6,100
6,500
6,000
5,000
5,150
6,350
6,350
4,850
4,700
5,750
6,450
6,350
6,500
6,900
6,550
5,850
6,750
6,500
6,750
61,584
40,858
49,894
40,870
51,052
32,120
39,796
65,988
83,219
78,267
47,974
33,776
1,216,289
826,733
902,204
822,859
872,410
568,618
846,164
1,085,504
1,302,285
1,026,080
743,521
482,459
7,347,324
3,940,203
4,679,484
5,088,510
5,479,711
3,613,773
5,683,819
7,162,598
7,936,656
6,364,672
4,986,130
3,228,750
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
7,200
7,250
7,050
7,150
6,700
6,350
7,050
7,550
7,500
7,850
7,350
7,250
6,750
6,550
6,400
6,450
5,600
5,150
6,250
6,650
6,900
7,300
7,000
6,800
6,850
6,900
6,950
6,650
5,650
6,350
7,000
6,950
7,450
7,400
7,050
6,950
34,105
43,956
62,379
35,173
68,285
50,200
44,178
31,723
33,450
33,323
43,834
33,266
648,419
881,221
955,267
698,250
1,252,556
914,692
824,887
669,590
576,211
627,187
731,065
505,350
4,500,394
6,030,387
6,378,821
4,789,501
7,711,374
5,396,595
5,468,998
4,725,231
4,172,024
4,743,720
5,243,316
3,540,891
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
8,000
9,450
9,450
9,400
9,950
8,850
8,350
8,450
8,650
8,500
8,050
7,750
7,000
7,900
8,500
8,250
8,900
7,050
7,150
6,250
6,200
7,250
7,200
6,750
7,950
9,450
8,750
9,400
8,900
7,750
8,250
6,600
7,250
7,900
7,450
7,250
49,574
38,683
47,866
45,151
50,832
92,127
61,555
75,898
80,681
60,781
66,249
60,169
820,165 6,223,729
620,764 5,227,378
684,003 5,985,374
778,102 6,767,136
689,578 6,403,815
1,301,703 10,051,448
762,741 5,927,722
1,110,192 7,784,877
1,165,249 8,756,072
735,834 5,882,615
674,880 5,169,069
589,234 4,213,752
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
8,850
7,000
8,325
87,119
934,659
7,534,215
20
19
22
21
19
22
22
21
17
21
21
20
20
Public Accountant : Purwantono, Suherman & Surja (Member of Ernst & Young Global Limited)
BALANCE SHEET
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
Cash on Hand
Assets
8,139,304
Marketable Securities
Loans
133,888
164,689
Fixed Assets
1,366,212
1,568,945
1,852,818
2,804,366
3,972,612
Other Assets
5,235,421
4,880,779
5,293,505
5,961,840
7,004,037
Investment
Total Assets
Taxes Payable
Fund Borrowings
Other Liabilities
Total Liabilities
222,851
27.56%
Growth (%)
Deposits
196,742
16.23%
17.33%
13.58%
510,000
382,500
255,000
127,500
-
1,930,923
1,105,997
895,695
9,084,913
3,242,346
9,758,418
2009
2010
2011
2012
26.90%
Growth (%)
14.27%
15.80%
2013
1,266,018
9,766,026
9,520,061
Liabilities
637,500
12.42%
79,327
79,327
64,882
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
6,167,291
6,167,291
6,167,291
12,335
24,669
24,669
24,669
500
500
250
250
250
Retained Earnings
Total Equity
34.54%
35.85%
30.23%
49,820
6,167,291
12,330
Growth (%)
63,145
46,962
30,779
36,673
27,257
14,596
22.26%
-1,587
INCOME STATEMENTS
Total Interest Income
Dec-09
Dec-11
Dec-12
26.27%
2010
2011
7.96%
3.00%
19.86%
3,269,594
5,544,533
5,775,975
8,389,732
8,348,459
68.23%
22.10%
28.99%
15.19%
506,229
1,171,650
1,177,034
1,782,489
1,330,569
2,582,936
3,435,845
56.98%
Growth (%)
3,667,884
31.52%
5,172,192
23.86%
6,555,736
59,461
59,461
Comprehensive Income
44,615
47,331
48,164
49,610
2011
2012
35,334
35,201
23,071
10,941
-1,189
14.27%
Period Attributable
2009
2010
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
Dividend (Rp)
132.08
115.97
122.28
225.23
257.33
EPS (Rp)
592.73
930.10
611.41
757.26
865.22
2,210.68
2,973.19
2,019.54
2,630.08
3,215.65
DAR (X)
0.91
0.91
0.89
0.88
0.87
DER(X)
10.63
10.02
8.43
7.50
6.89
ROA (%)
2.31
2.84
3.21
3.39
3.41
ROE (%)
26.81
31.28
30.28
28.80
26.92
OPM (%)
24.23
32.28
36.51
45.72
43.94
NPM (%)
20.68
25.71
31.33
37.67
35.91
22.28
12.47
20.00
29.74
29.74
1.73
1.10
1.81
3.24
3.55
Yield (%)
2013
21,354
18,687
21,354
BV (Rp)
2013
Non-Operating Revenues
RATIOS
2012
Growth (%)
Comprehensive Attributable
2009
Dec-13
Growth (%)
Interest Expenses
Dec-10
15,088
16,998
11,472
12,642
8,285
7,308
3,929
-427
2009
2010
2011
2012
2013
37
COMPANY REPORT
BDMN
BANK DANAMON INDONESIA TBK.
Company Profile
PT Bank Danamon Indonesia Tbk. was established in 1956. The name Bank Danamon,
whichwasderivedfromdanamoneter,meaningmonetaryfund,wasfirstusedin1976in
place of its original name, Bank Kopra. Bank Danamon became among the first foreign
exchange banks in Indonesia, and became a public company listed on the Jakarta Stock
Exchange.
Danamon was recently awarded as the Top 10 Public Listed Company with the highest
Good Corporate Governance (GCG) ASEAN Scorecard by Institute for Corporate
Directorship (IICD). Danamon also received Digital Brand of the Year 2012 Award in the
Credit Card Category from Infobank. Internationally, Danamon received Best Corporate
GovernanceinFinanceAsiasAsiasBestCompanies2012poll.
DanamonisthesoleissuerandacquirerofAmericanExpresscardsinIndonesiaunderan
independent operator agreement which allows it to issue American Express cards to
individualandcorporateclients.Danamonisalsotheonlybankwhichprovidesservicesto
local merchants who accept American Express Cards and for signing up new merchant
partnersinIndonesia.DanamonisalsothesolelicenseholderofManchesterUnitedcards
in Indonesia, allowing the Bank to issue Manchester United ATM/Debit cards and credit
cards.
DanamonhasthemajorityowneratPTAdiraDinamikaMultiFinanceTbk(AdiraFinance),
theautomotivefinancingsubsidiaryofDanamon,operatesanextensivebranchnetworkin
Indonesia,PTAsuransiAdiraDinamika(AdiraInsurance),ageneralinsurancecompanyand
PTAdiraQuantumMultifinance(AdiraKredit),adurablegoodsfinancingcompany.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the
publisher or of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the
publication it should not be by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or
otherwise responsible in anyway for any advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
38
As of 30 January 2014
Main Board
Industry Sector : Finance (8)
Industry Sub Sector : Bank (81)
Individual Index
:
Listed Shares
:
Market Capitalization :
2.451
9,488,796,931
41,181,378,680,540
COMPANY HISTORY
Established Date
: 16-Jul-1956
Listing Date
: 06-Dec-1989
Under Writer IPO :
PT Aseam Indonesia
PT IFI
PT Mutual International Finance Corporation
Bank Pembangunan Indonesia
Securities Administration Bureau :
PT Raya Saham Registra
Plaza Central Building 2nd Fl.
Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930
Phone : (021) 252-5666
Fax
: (021) 252-5028
BOARD OF COMMISSIONERS
1. Ng Kee Choe
2. Benedictus Raksaka Mahi
3. Ernest Wong Yuen Weng
4. Gan Chee Yen
5. Harry Arief Soepardi Sukadis *)
6. Johanes Berchmans Kristiadi Pudjosukanto *)
7. Manggi Taruna Habir *)
8. Milan Robert Shuster *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Henry Ho Hon Cheong
2. Ali Rukmijah (Ali Yong)
3. Fransiska Oei Lan Siem
4. Herry Hykmanto
5. Kanchan Keshav Nijasure
6. Khoe Minhari Handikusuma
7. Michellina Laksmi Triwardhanny
8. Muliadi Rahardja
9. Pradip Chhadva
10. Satinder Pal Singh Ahluwalia
11. Vera Eve Lim
AUDIT COMMITTEE
1. Milan Robert Shuster
2. Amir Abadi Jusuf
3. Felix Oentoeng Soebagjo
4. Johanes Brachmans Kristiadi Pudjosukanto
CORPORATE SECRETARY
Dini Herdini
HEAD OFFICE
Menara Bank Danamon 5th Fl.
Jln. Prof. DR. Satrio Kav. E4/6
Jakarta - 12950
Phone : (021) 579-91001, 579-91002, 57991003
Fax
: (021) 579-91056, 579-91160, 579-91161
Homepage : www.danamon.co.id
Email
: corpsec@danamon.co.id
dini.herdini@danamon.co.id
Shares
Dividend
50.00
150.00
150.00
150.00
50.00
60.00
100.00
55.00
5.85
19.00
20.97
85.00
39.50
178.73
66.65
203.45
132.87
208.90
90.82
90.97
119.87
104.43
125.58
Cum Date
18-Sep-90
06-Jun-91
27-May-92
01-Jul-93
27-Sep-93
10-Jun-94
05-Jul-95
08-Jan-96
13-May-96
15-May-97
10-Dec-01
16-Dec-02
27-Jun-03
18-Mar-04
05-May-04
08-Dec-04
17-Jun-05
15-Jun-06
14-May-07
16-May-08
18-Jun-09
21-May-10
21-Apr-11
19-Apr-12
30-May-13
6,457,558,472 :
613,019,888 :
2,418,218,571 :
Recording
Date
26-Sep-90
14-Jun-91
06-Jun-92
09-Jul-93
05-Oct-93
20-Jun-94
14-Jul-95
17-Jan-96
23-May-96
27-May-97
19-Dec-01
19-Dec-02
02-Jul-03
24-Mar-04
10-May-04
13-Dec-04
22-Jun-05
20-Jun-06
21-May-07
22-May-08
23-Jun-09
26-May-10
27-Apr-11
24-Apr-12
04-Jun-13
Ex Date
19-Sep-90
07-Jun-91
29-May-92
02-Jul-93
28-Sep-93
11-Jun-94
06-Jul-95
09-Jan-96
14-May-96
16-May-97
11-Dec-01
17-Dec-02
30-Jun-03
19-Mar-04
06-May-04
09-Dec-04
20-Jun-05
16-Jun-06
15-May-07
17-May-08
19-Jun-09
24-May-10
25-Apr-11
20-Apr-12
31-May-13
67.37%
6.40%
26.23%
Payment
Date
26-Oct-90
26-Jul-91
13-Jul-92
09-Aug-93
26-Oct-93
20-Jul-94
14-Aug-95
15-Feb-96
20-Jun-96
25-Jun-97
28-Dec-01
27-Dec-02
09-Jul-03
08-Apr-04
14-May-04
22-Dec-04
30-Jun-05
04-Jul-06
05-Jun-07
05-Jun-08
07-Jul-09
10-Jun-10
10-May-11
08-May-12
19-Jun-13
F/I
I
F
F
F
F
F
F
F
I
I
F
I
F
I
F
I
F
F
F
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
Type of Listing
First Issue
Partial Listing
Bonus Shares
Right Issue
Company Listing
Stock Split
Partial Delisting
Add Listing (Bank PDFCI)
Add Listing (Merger)
Reverse Stocks
Option Conversion
ESOP Conversion I & II
ESOP Conversion II
ESOP Conversion I
ESOP Conversion I, II & III
ESOP Conversion I & III
ESOP Conversion III
ESOP Conversion II & III
ESOP Conversion I ,II & III
Shares
12,000,000
22,400,000 T:
146,400,000 T:
220,255,901,301 T:
155,200,000
1,120,000,000
-7,325,068,100 T:
44,921,250,000
230,663,750,000
-480,682,079,120 T:
34,886,500
46,979,955
4,813,000
25,528,645
24,953,800
10,709,800
12,474,900
27,974,450
10,721,800
T:
T:
T:
T:
T:
T:
T:
T:
T:
Listing
Date
06-Dec-89
02-Aug-91
15-Nov-93
19-Jan-94
20-May-96
23-Jun-97
11-Jun-99
04-Jan-00
04-Jul-00
17-Jul-01
07-Jul-05
20-Dec-06
21-Dec-06
11-Jan-07
04-Jul-07
08-Aug-07
09-Aug-07
10-Aug-07
25-May-09
:
:
:
:
:
:
:
:
:
:
:
:
:
Trading
Date
06-Dec-89
09-Aug-91
16-Feb-96
28-Sep-11
20-May-96
23-Jun-97
17-Jul-01
04-Jan-00
04-Jul-00
22-Jan-03
14-Dec-06
15-Sep-08
05-Jul-10
30-Jun-09
05-Aug-08
08-Oct-09
05-Jul-11
30-Jun-10
02-Nov-09
39
Volume
(Mill. Sh)
6,800
160
5,950
140
5,100
120
4,250
100
3,400
80
2,550
60
1,700
40
850
20
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
71.6%
50%
25%
-
Freq.
Volume
Value
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
5,500
5,250
5,600
5,850
5,850
5,550
5,800
5,500
6,150
7,100
7,100
6,900
Low
4,500
4,275
4,925
5,050
4,600
4,850
5,100
5,050
5,200
5,750
6,050
5,550
Close
4,850
4,975
5,200
5,800
5,150
5,400
5,350
5,350
5,800
6,700
6,500
5,700
(X)
11,971
8,549
9,823
8,012
13,915
10,532
10,029
8,182
9,655
8,444
6,408
15,537
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
6,300
6,700
6,750
6,600
6,300
6,200
6,150
5,650
5,650
5,200
5,100
4,500
5,000
5,800
6,250
6,100
5,800
5,800
5,300
4,650
4,325
3,975
4,275
4,075
5,950
6,400
6,550
6,200
6,200
6,000
5,450
5,200
4,600
4,975
4,400
4,100
26,593
11,329
11,838
15,185
12,109
9,351
15,084
14,471
18,712
16,137
10,146
9,886
426,366
251,224
153,811
228,125
135,057
94,198
209,474
129,948
223,155
130,305
63,837
82,644
2,432,269
1,566,612
989,453
1,433,474
818,527
564,195
1,191,173
680,526
1,085,833
609,407
300,069
371,371
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
4,950
4,875
4,675
6,900
6,050
6,100
6,400
6,150
6,250
6,300
6,250
5,800
4,050
4,150
4,250
5,100
5,050
4,900
5,800
5,900
5,900
5,950
5,400
5,450
4,525
4,475
4,600
5,600
5,300
6,000
6,050
6,000
6,250
6,100
5,400
5,650
14,610
14,160
11,739
15,866
11,053
9,743
9,046
5,951
5,758
5,284
6,851
7,807
149,484
105,397
92,658
335,437
159,441
184,143
153,355
55,552
73,236
75,858
85,402
65,572
682,866
481,623
415,994
2,105,800
908,753
1,061,616
938,026
333,483
444,509
465,425
514,273
361,207
21
21
21
19
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
6,150
6,300
6,550
6,500
6,550
5,900
5,850
4,750
4,225
4,325
4,350
3,950
5,550
5,850
5,950
6,150
5,600
5,350
4,950
3,725
3,825
3,950
3,725
3,550
6,100
6,300
6,450
6,450
5,750
5,850
5,200
4,050
3,975
4,300
3,800
3,775
7,571
7,890
12,926
10,178
16,442
19,510
14,402
16,042
19,112
9,737
14,127
9,151
56,779
62,369
137,157
101,041
172,983
119,021
71,313
127,817
172,943
138,723
85,921
111,517
335,688
376,393
851,929
633,995
1,037,448
667,544
390,928
556,372
711,519
582,844
339,954
446,812
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
4,650
3,590
4,340
25,586
116,578
480,337
20
20
19
22
21
19
22
22
21
17
21
21
20
-3.4%
-25%
-50%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
SHARES TRADED
2010
2011
2012
2013 Jan-14
1,800
9,773
121
245
2,128
12,043
171
247
1,536
8,714
118
245
1,358
6,931
157
244
117
480
26
20
Price (Rupiah)
High
Low
Close
Close*
7,100
4,275
5,700
5,535
6,750
3,975
4,100
4,100
6,900
4,050
5,650
5,650
6,550
3,550
3,775
3,775
4,650
3,590
4,340
4,340
11.65
6.61
1.52
13.27
6.58
1.88
9.03
17.01
1.19
10.38
18.74
1.36
16.64
PER (X)
16.00
PER Industry (X)
2.60
PBV (X)
* Adjusted price after corporate action
40
Closing Price
Day
TRADING ACTIVITIES
Public Accountant : Purwantono, Suherman & Surja (Member of Ernst & Young Global Limited)
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
Cash on Hand
2,117,368
1,985,338
1,895,058
2,456,567
2,943,909
4,189,435
9,257,137 13,231,882
6,360,607
7,399,600
Marketable Securities
4,431,548
5,323,969
7,306,823
7,727,116
BALANCE SHEET
Loans
Assets
4,819,809
6,150,515
12,175
Fixed Assets
1,802,274
1,771,489
Other Assets
4,509,726
3,315,859
Investment
Total Assets
1,509,036
1,898,695
2,095,756
2,199,165
3,687,492
3,917,135
19.89%
Growth (%)
Deposits
12,175
20.07%
9.76%
18.26%
183,020
Fund Borrowings
2,393,561
2,481,832
Other Liabilities
2,607,984
3,551,136
4,585,804
Total Liabilities
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
112,500
75,000
37,500
-
225,311
303,747
5,633,726
2009
2010
2011
2012
20.44%
16.57%
5.33%
2013
234,131
5,790,232
Growth (%)
Authorized Capital
150,000
Taxes Payable
Liabilities
187,500
24.86%
31,553
28,733
31,553
25,837
5,317,363
5,901,122
5,901,122
5,901,122
8,390
8,417
9,585
9,585
9,585
50,000 & 500 50,000 & 500 50,000 & 500 50,000 & 500 50,000 & 500
7,741,634
18,679
15,806
18,450
12,243
16.73%
Growth (%)
25,116
40.04%
11.21%
5,806
9.81%
-631
INCOME STATEMENTS
Total Interest Income
Dec-09
Dec-10
Dec-11
Dec-12
-18.39%
17.10%
11.70%
6.75%
7,469,309
4,509,295
6,033,390
5,936,173
6,599,794
901,103
3,583,835
4,213,121
4,648,599
5,155,638
8,611,794
2,782,112
4,630,064
5,234,709
6,182,854
5,605,158
66.42%
13.06%
18.11%
-9.34%
Growth (%)
Non-Operating Revenues
Income Before Tax
Provision for Income Tax
Profit for the period
-411,552
-628,533
-623,153
-696,175
-74,945
2,370,560
4,001,531
4,611,556
5,486,679
5,530,213
756,838
1,017,770
1,162,523
1,369,531
1,370,893
1,613,722
2,983,761
3,449,033
4,117,148
4,159,320
84.90%
15.59%
19.37%
1.02%
Growth (%)
Period Attributable
1,613,722
2,883,468
3,336,266
4,011,873
4,041,684
Comprehensive Income
1,532,533
3,384,200
3,373,192
4,081,947
4,076,753
3,284,301
3,260,335
3,978,860
3,961,471
Comprehensive Attributable
2010
2011
2012
2013
Growth (%)
Interest Expenses
2009
Dec-13
18,858
17,666
20,131
16,882
14,418
16,024
11,917
7,811
3,704
-403
2009
2010
2011
2012
2013
4,159
2012
2013
4,159
RATIOS
Dividend (Rp)
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
90.97
119.87
104.43
125.58
192.33
342.57
348.08
418.57
421.68
BV (Rp)
1,883.79
2,191.93
2,695.61
2,997.85
3,292.04
DAR (X)
0.84
0.84
0.82
0.78
0.83
DER(X)
5.23
5.40
4.49
4.26
4.84
ROA (%)
1.64
2.52
2.43
2.64
2.26
ROE (%)
10.21
16.17
13.35
14.33
13.18
OPM (%)
15.75
32.11
31.01
32.79
27.84
NPM (%)
9.13
20.70
20.43
21.83
20.66
47.30
34.99
30.00
30.00
2.00
2.10
2.55
2.22
EPS (Rp)
3,449
2,984
3,311
2,462
1,614
1,614
765
-83
2009
2010
2011
41
COMPANY REPORT
BKSL
SENTUL CITY TBK.
Company Profile
PT Sentul City Tbk. first established with the name of PT Sentragriya Kharisma dated April
16th, 1993. The Company started commercial activities since 1995.
The scope of company activities include the areas of development, sales, operations,
leasing and rehabilitation of buildings designated for office buildings, shopping centers,
recreational and other purposes, the real estate development and make good investments
of foreign companies and domestic, either through subsidiaries or joint ventures with other
parties. To achieve the aims and these objectives, the Company may conduct business
activities as follows:
In the field of development: planning, implementation, construction along with its
facilities and general contractor (general contractor) which includes the construction
of residential areas (real estate), flat, buildings, offices, apartments/condominiums,
shopping (malls and plazas), hospitals, praying facilities, water park, home store
(shop), schools and commercial buildings in general.
- In the field of trade-related real estate and property: sales and purchases house
buildings, office buildings, buildings shopping, indoor units of apartments, office space,
retail space and others.
In the field of services: leasing and property management services, the industrial,
office buildings, theme parks/recreation, park management and security (guard), and
related fields.
As of December 31st, 2013 the Company had 344 permanent employees.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
42
As of 30 January 2014
Individual Index
:
Listed Shares
:
Market Capitalization :
10.711
31,396,905,010
4,866,520,276,550
COMPANY HISTORY
Established Date
: 16-Apr-1993
Listing Date
: 28-Jul-1997
Under Writer IPO :
PT Trimega SecurindoLestari
Securities Administration Bureau :
PT Sirca Datapro Perdana
Wisma Sirca
Jln. Johar No.18, Menteng, Jakarta 10340
Phone : (021) 314-0032, 390-5920, 390-0645
Fax
: (021) 390-0671, 390-0652
5,007,879,767
3,747,891,369
2,254,266,127
20,386,867,747
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
-
Shares
Dividend
Cum Date
Ex Date
Recording
Date
:
:
:
:
15.00%
11.00%
7.00%
67.00%
Payment
F/I
Date
ISSUED HISTORY
BOARD OF COMMISSIONERS
1. Antonius Prijohandojo Kristanto
2. Basyir Ahmad Barmawi *)
3. Edison Mawikere *)
4. Laurie Kumala
5. Reina Kumala Kwee
6. Soemarso Slamet Rahardjo *)
7. Sumarsono
*) Independent Commissioners
BOARD OF DIRECTORS
1. Kwee Cahyadi Kumala
2. Andrian Budi Utama
3. Hartan Gunadi Harja
4. Fransetya Hasudungan Hutabarat
5. Kwee Liana Kumala
6. Motinggo Soputan
7. Redjianto Setiadi
8. Syukurman Larosa
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Type of Listing
First Issue
Company Listing
Right Issue
Reverse Split
Right Issue
Additional Listing without RI
Right Issue
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Additional Listing without RI
Shares
400,000,000
1,030,000,000
4,004,000,000
-4,075,500,000
8,151,000,000
507,508,598
15,025,512,897
850,105
25,000
142,500
924,801
2,400,886,000
1,097,555,109
2,854,000,000
Listing
Date
28-Jul-97
28-Jul-97
03-Aug-99
01-Aug-06
10-Oct-06
02-Oct-09
01-Feb-10
03-Aug-10
05-Aug-10
06-Aug-10
09-Aug-10
10-Aug-10
11-Aug-10
19-Aug-11
Trading
Date
28-Jul-97
28-Jul-97
03-Aug-99
01-Aug-06
10-Oct-06
02-Oct-09
01-Feb-10
03-Aug-10
05-Aug-10
06-Aug-10
09-Aug-10
10-Aug-10
11-Aug-10
19-Aug-11
AUDIT COMMITTEE
1. Soemarso Slamet Rahardjo
2. Mawar Inviolata Rohana Napitupulu
3. Rusdy Daryono
CORPORATE SECRETARY
Kwee Liana Kumala
HEAD OFFICE
Gedung Menara Sudirman 25th Fl
Jln. Jend. Sudirman Kav. 60
Jakarta - 12190
Phone : (021) 879-26555; 879-23959, 522-6818
Fax
: (021) 879-26565, 879-23951, 522-6818
Homepage
Email
: www.sentulcity.co.id
: corsec@sentulcity.co.id
43
Volume
(Mill. Sh)
340
3,200
298
2,800
255
2,400
213
2,000
170
1,600
128
1,200
85
800
43
400
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
135%
90%
71.6%
55.5%
45%
-45%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
SHARES TRADED
2010
2011
2012
25,339
3,100
208
245
29,733
5,995
194
247
28,856
7,403
212
246
44,569
11,393
299
244
1,604
267
25
20
168
82
109
109
325
95
265
265
330
184
189
189
340
157
157
157
178
149
155
155
60.95
11.09
1.81
26.85
17.34
1.23
4.92
17.79
0.70
4.86
16.27
0.69
Price (Rupiah)
High
Low
Close
Close*
47.51
PER (X)
9.97
PER Industry (X)
0.76
PBV (X)
* Adjusted price after corporate action
44
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
99
92
116
168
166
144
131
120
128
129
119
117
Low
85
82
87
100
92
118
105
96
101
115
100
105
Close
89
88
100
163
130
131
119
104
116
117
105
109
(X)
9,336
5,410
17,465
42,736
37,582
27,833
16,278
13,570
13,779
12,245
6,029
5,542
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
111
111
107
108
127
125
199
325
320
310
280
275
95
95
97
101
102
109
118
175
215
205
230
235
99
104
101
106
116
119
192
295
250
285
250
265
8,240
6,831
8,270
6,369
13,459
7,865
24,429
30,967
22,266
33,604
15,044
16,613
494,702
426,197
557,005
400,562
1,509,054
2,243,421
4,584,513
7,824,168
2,768,214
4,410,097
1,806,767
2,708,095
51,458
44,507
56,881
41,797
176,192
237,833
678,424
1,552,074
785,815
1,218,368
456,089
695,177
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
285
265
265
325
330
255
245
225
220
210
205
197
240
230
235
250
240
195
210
184
186
189
185
184
245
240
250
315
250
230
220
191
210
193
190
189
17,540
16,490
15,681
38,795
26,168
19,725
13,155
9,592
11,901
13,511
16,818
12,452
1,891,469
1,393,219
2,007,911
6,033,477
7,211,664
2,435,952
1,577,271
961,797
1,333,847
833,154
1,281,531
1,894,857
489,355
339,383
498,442
1,753,194
2,135,336
545,224
358,234
195,590
274,943
164,110
251,376
397,763
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
285
305
340
315
315
305
255
275
230
230
210
181
189
240
280
250
260
225
220
169
180
191
170
157
255
295
310
285
305
245
250
195
205
215
173
157
24,842
23,002
39,896
39,444
31,057
20,036
12,627
13,921
29,553
20,303
23,564
20,765
4,419,555
3,984,078
6,244,766
7,053,954
4,680,750
2,017,136
1,470,768
5,374,016
4,283,944
1,808,211
1,610,543
1,621,228
1,077,623
1,075,830
1,924,867
1,939,697
1,351,265
533,858
357,053
1,334,643
856,667
358,312
297,182
285,969
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
178
149
155
25,046
1,603,996
267,186
20
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Tanubrata Sutanto Fahmi & Rekan (Member of BDO International Limited)
BALANCE SHEET
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
13,804
190,979
88,820
76,911
493,413
Assets
Receivables
147,969
170,912
310,059
464,954
669,173
Inventories
1,151,548
1,222,819
1,124,722
1,253,660
5,069,547
Investment
24,595
1,558,284
1,559,624
1,787,841
37,500
Fixed Assets
34,110
28,622
45,363
126,265
1,305,493
35,756
4,814,315
5,290,383
72.93%
9.89%
16.33%
73.31%
2,250
-
Other Assets
Total Assets
2,784,022
Growth (%)
336,714
602,856
1,515,819
Trade Payable
54,375
54,044
56,420
70,062
280,973
Total Liabilities
500,157
690,154
695,847
1,337,823
3,785,871
37.99%
0.82%
92.26%
182.99%
Bank Payable
6,154,231 10,665,713
Growth (%)
Liabilities
11,250
9,000
6,750
4,500
2009
2010
2011
2012
2013
Paid up Capital
1,981,251
3,833,841
4,119,241
4,119,241
4,119,241
10,017
28,543
31,397
31,397
31,397
2,000 & 400 & 100 2,000 & 400 & 100 2,000 & 400 & 100 2,000 & 400 & 100 2,000 & 400 & 100
-126,737
-71,061
64,507
285,630
915,858
2,282,497
4,106,829
4,594,536
4,816,408
6,879,843
79.93%
11.88%
4.83%
42.84%
Growth (%)
INCOME STATEMENTS
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
Total Revenues
162,659
443,548
457,833
622,705
961,988
172.69%
3.22%
36.01%
54.49%
Growth (%)
Cost of Revenues
83,616
231,005
221,458
279,001
364,924
Gross Profit
79,042
212,543
236,374
343,704
597,064
Operating Expenses
56,692
75,696
110,506
-109,963
528,245
Operating Profit
22,350
136,847
125,868
233,741
68,819
512.28%
-8.02%
85.70%
-70.56%
-12,844
-33,386
30,986
14,604
571,311
9,507
103,461
156,854
248,345
640,130
Tax
7,049
20,301
20,404
27,419
35,034
2,457
83,160
136,450
220,926
605,096
3,284.37%
64.08%
61.91%
173.89%
Growth (%)
6,880
6,880
5,476
4,107
4,595
4,816
2011
2012
4,073
2,669
2,282
1,266
-138
2009
2010
2013
766
Growth (%)
623
569
444
458
2010
2011
373
163
177
Period Attributable
2,457
65,489
135,568
221,123
630,229
Comprehensive Income
2,457
83,214
136,512
220,980
605,151
65,544
135,629
221,176
630,284
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
0.25
2.29
4.32
7.04
20.07
BV (Rp)
227.86
143.88
146.34
153.40
219.12
DAR (X)
0.18
0.14
0.13
0.22
0.35
DER(X)
0.22
0.17
0.15
0.28
0.55
ROA (%)
0.09
1.73
2.58
3.59
5.67
Comprehensive Attributable
RATIOS
Dividend (Rp)
EPS (Rp)
ROE (%)
0.11
2.02
2.97
4.59
8.80
GPM (%)
48.59
47.92
51.63
55.20
62.07
OPM (%)
13.74
30.85
27.49
37.54
7.15
1.51
18.75
29.80
35.48
62.90
Yield (%)
NPM (%)
-19
2009
2012
2013
482
358
221
235
136
83
111
2.5
-12
2009
2010
2011
2012
2013
45
COMPANY REPORT
BMRI
BANK MANDIRI (PERSERO) TBK.
Company Profile
PT Bank Mandiri (Persero) Tbk. was formed on October 2, 1998 as part of the government
of Indonesias bank restructuring program. Bank Mandiri is the largest bank in Indonesia.
To support the achievement of the vision of Bank Mandiri To be Indonesias most admired
and progressive financial institution Bank Mandiri changing the structure of its
organization into Strategic Business Units (SBU). The SBU is consists of three major groups,
namely:
1. Business Units,
2. Corporate Center,
3. Shared Services.
As of December 31st, 2013 the Bank had 12 regional offices, 70 area offices, 992 branch
offices, 687 Mandiri Mitra Usaha offices, 301 cash outlets. PT Bank Mandiri (Persero) Tbk.
has several branch offices in overseas: Cayman Islands, Singapore, Hong Kong, Timor Leste
and Shanghai (RRC).
Bank Mandiri is well supported by its subsidiaries. There are, PT Bank Syariah Mandiri, PT
Usaha Gedung Mandiri, PT Bumi Daya Plaza, Bank Mandiri (Europe) Limited, PT Mandiri
Sekuritas, PT Bank Sinar Harapan Bali, PT Mandiri Tunas Finance, Mandiri International
Remittance Sendirian Berhad, PT AXA Mandiri Financial Services, and PT Mandiri AXA
General Insurance.
As of December 31st, 2013, Bank Mandiri employed 33,982 employees and operated 2,050
branches across Indonesia and 5 overseas branches.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the
publisher or of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the
publication it should not be by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or
otherwise responsible in anyway for any advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
46
As of 30 January 2014
Main Board
Industry Sector : Finance (8)
Industry Sub Sector : Bank (81)
1,310.768
Individual Index
:
Listed Shares
:
23,099,999,999
Market Capitalization : 200,969,999,991,300
COMPANY HISTORY
Established Date
: 02-Oct-1998
Listing Date
: 14-Jul-2003
Under Writer IPO :
PT Danareksa Sekuritas
PT ABN AMRO Asia Securities Indonesia
Securities Administration Bureau :
PT Datindo Entrycom
Wisma Sudirman - Puri Datindo
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220
Phone : (021) 570-9009
Fax
: (021) 570-9026
BOARD OF COMMISSIONERS
1. Edwin Gerungan *)
2. Abdul Aziz
3. Agus Suprijanto
4. Gunarni Soeworo *)
5. Krisna Wijaya *)
6. Pradjoto *)
7. Wahyu Hidayat
*) Independent Commissioners
14,000,000,000 :
9,099,999,999 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
2003
2003
2004
2005
2005
2006
2007
2008
2009
2010
2010
2011
2012
2013
Shares
Dividend
50.00
115.00
60.00
70.50
14.85
70.02
186.00
88.55
19.26
19.64
120.60
104.97
199.33
234.05
Cum Date
16-Dec-03
11-Jun-04
16-Dec-04
13-Jun-05
14-Jun-06
19-Jun-07
19-Jun-08
26-May-09
02-Dec-09
21-Dec-10
15-Jun-11
15-May-12
26-Apr-13
26-Mar-14
Recording
Date
19-Dec-03
16-Jun-04
21-Dec-04
16-Jun-05
19-Jun-06
22-Jun-07
24-Jun-08
29-May-09
07-Dec-09
27-Dec-10
20-Jun-11
22-May-12
01-May-13
01-Apr-14
Ex Date
17-Dec-03
14-Jun-04
17-Dec-04
14-Jun-05
15-Jun-06
20-Jun-07
20-Jun-08
27-May-09
03-Dec-09
22-Dec-10
16-Jun-11
16-May-12
29-Apr-13
27-Mar-14
60.00%
40.00%
Payment
Date
30-Dec-03
30-Jun-04
30-Dec-04
24-Jun-05
30-Jun-06
29-Jun-07
03-Jul-08
12-Jun-09
22-Dec-09
30-Dec-10
30-Jun-11
05-Jun-12
16-May-13
15-Apr-14
F/I
I
F
I
F
F
F
F
F
I
F
F
F
F
ISSUED HISTORY
BOARD OF DIRECTORS
1. Budi Gunadi Sadikin
2. Abdul Rachman
3. Fransisca Nelwan Mok
4. Hery Gunardi
5. Kresno Sediarsi
6. Ogi Prastomiyono
7. Pahala Nugraha Mansury
8. Riswinandi
9. Royke Tumilaar
10. Sentot A. Sentausa
11. Sunarso
AUDIT COMMITTEE
1. Gunarni Soeworo
2. Agus Suprijanto
3. Budi Sulistio
4. Krisna Wijaya
5. Wahyu Hidayat
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
Type of Listing
First Issue
Company Listing
MSOP Conversion
Partial delisting 1 %
MSOP Conversion I & II
MSOP Conversion I
MSOP Conversion I, II & III
MSOP Conversion I & III
MSOP Conversion II & III
MSOP Conversion III
MSOP Conversion II & III
MSOP Conversion II
Right Issue
Shares
2,900,000,000
16,900,000,000
598,938,831
-9,955,000
32,316,636
10,547,213
105,564,065
129,311,724
32,126,466
86,224,280
1,376,402
44,125
2,313,505,257
T:
T:
T:
T:
T:
T:
T:
T:
T:
Listing
Date
14-Jul-03
14-Jul-03
26-Jul-04
06-Dec-05
11-Dec-06
21-Mar-07
10-May-07
14-May-07
14-Nov-07
19-Nov-07
17-Dec-08
02-Jun-10
02-Mar-11
:
:
:
:
:
:
:
:
:
Trading
Date
14-Jul-03
30-Dec-03
09-Jan-07
06-Dec-05
15-Dec-06
16-Jul-08
02-Jun-08
28-May-08
19-May-10
16-Dec-10
08-May-09
02-Jun-10
02-Mar-11
CORPORATE SECRETARY
Nixon L.P. Napitupulu
HEAD OFFICE
Plaza Mandiri
Jln. Jend. Gatot Subroto Kav. 36 - 38
Jakarta - 12190
Phone : (021) 529-13321, 300-23166
Fax
: (021) 526-3460
Homepage
Email
: www.bankmandiri.co.id
: cma@bankmandiri.co.id
47
Volume
(Mill. Sh)
12,000
2,400
10,500
2,100
9,000
1,800
7,500
1,500
6,000
1,200
4,500
900
3,000
600
1,500
300
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
80%
60%
40%
20%
-20%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
SHARES TRADED
2010
2011
2012
7,071
39,889
298
245
13,518
86,219
598
247
7,902
57,019
411
246
8,627
74,504
638
244
650
5,509
76
20
7,250
4,150
6,500
6,392
8,150
5,100
6,750
6,750
8,900
6,000
8,100
8,100
10,750
6,250
7,850
7,850
9,525
7,600
8,700
8,700
12.62
6.61
2.51
11.63
6.58
2.47
10.73
17.01
2.19
11.89
18.74
2.42
Price (Rupiah)
High
Low
Close
Close*
14.81
PER (X)
16.00
PER Industry (X)
3.29
PBV (X)
* Adjusted price after corporate action
48
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
4,950
4,725
5,650
5,800
5,850
6,100
6,300
6,100
7,250
7,200
7,250
6,900
Low
4,500
4,150
4,400
4,950
4,700
5,100
5,600
5,450
5,800
6,600
6,350
6,100
Close
4,675
4,475
5,350
5,800
5,350
6,000
6,000
5,900
7,200
7,000
6,400
6,500
(X)
22,719
20,417
26,160
28,179
27,917
22,274
23,214
22,731
26,623
27,983
22,119
27,959
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
6,900
6,250
6,800
7,250
7,350
7,250
8,150
8,100
7,300
7,300
7,400
7,000
5,350
5,350
5,700
6,550
6,800
6,700
7,150
6,650
5,100
5,500
6,300
6,200
5,950
5,800
6,800
7,150
7,200
7,200
7,850
6,850
6,300
7,150
6,400
6,750
59,751
44,183
53,774
36,842
31,537
32,742
34,821
55,412
75,984
63,194
63,227
46,300
1,408,041 8,314,520
2,993,290 16,377,961
1,286,491 7,886,597
775,150 5,336,328
804,177 5,712,250
542,273 3,787,371
878,996 6,697,558
949,354 6,871,060
1,284,590 8,041,492
1,009,050 6,473,321
893,643 6,122,844
693,425 4,597,460
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
7,150
6,750
6,950
7,400
7,450
7,350
8,300
8,600
8,300
8,400
8,900
8,450
6,600
6,000
6,350
6,800
6,650
6,550
6,850
7,350
7,600
7,900
8,150
7,700
6,700
6,450
6,850
7,400
6,900
7,200
8,300
7,800
8,200
8,250
8,250
8,100
38,879
76,926
45,324
24,798
23,052
24,789
30,999
26,979
31,515
23,531
25,336
38,789
724,875
1,462,741
984,952
676,326
615,116
420,561
586,543
398,429
480,997
473,867
417,060
660,905
4,954,614
9,269,521
6,573,813
4,780,291
4,369,398
2,956,044
4,352,468
3,208,709
3,812,109
3,854,682
3,548,485
5,339,337
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
9,050
10,150
10,050
10,750
10,550
9,900
9,050
8,900
10,300
8,950
8,600
8,000
8,000 9,050
8,700 10,050
9,450 10,000
9,800 10,500
9,700 9,700
8,250 9,000
7,450 8,900
6,250 7,100
6,550 7,950
8,050 8,600
7,350 7,650
7,300 7,850
36,696
33,818
38,478
33,768
47,425
68,921
68,683
67,391
73,619
59,726
67,113
41,923
517,167
567,187
570,412
525,014
748,146
871,631
837,483
1,083,003
1,026,893
755,875
754,337
370,112
4,358,835
5,224,978
5,577,493
5,402,910
7,579,728
7,848,472
7,032,852
8,108,305
8,219,662
6,413,599
5,883,592
2,853,587
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
9,525
8,700
76,373
650,120
5,508,866
20
7,600
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Tanudiredja, Wibisana & Rekan (Member of PricewaterhouseCoopers Global Network)
BALANCE SHEET
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Assets
8,867,881
616,821
7,218,361
Fixed Assets
4,963,306
5,527,000
6,589,594
7,002,690
7,645,598
Other Assets
3,812,265
5,384,797
7,249,901
7,339,965
8,908,732
Total Assets
590,000
Investment
Liabilities
737,500
13.98%
Growth (%)
22.70%
15.17%
442,500
295,000
147,500
15.34%
-
Deposits
1,855,829
1,408,798
Fund Borrowings
3,944,356
Other Liabilities
Taxes Payable
Total Liabilities
2009
2,662,421
2010
2011
2012
13.47%
Growth (%)
20.00%
14.28%
2013
2,126,864
15.24%
Authorized Capital
Paid up Capital
88,791
88,791
76,533
62,654
70,677
52,564
20,970
20,996
23,333
23,333
23,333
500
500
500
500
500
Retained Earnings
Total Equity
18.33%
Growth (%)
50.82%
22.15%
41,543
35,109
34,451
16,337
16.02%
-1,776
INCOME STATEMENTS
Total Interest Income
Dec-09
Dec-11
Dec-12
2009
Dec-13
2010
2011
2012
2013
4.09%
Growth (%)
Interest Expenses
Dec-10
11.19%
12.78%
18.00%
5,484,363
Growth (%)
Non-Operating Revenues
Income Before Tax
389,596
31.70%
18.97%
20.04%
20.01%
230,142
163,102
878,821
510,126
42,550
37,730
39,966
32,599
33,932
2009
2010
29,724
19,481
3,625,586
4,602,936
7,198,488
30.16%
Growth (%)
3,816,150
35.51%
4,460,650
26.37%
5,231,903
Period Attributable
7,198,488
Comprehensive Income
7,155,464
Comprehensive Attributable
-1,004
17.37%
2011
2012
2013
RATIOS
Dividend (Rp)
EPS (Rp)
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
19.26
140.24
104.97
199.33
234.05
343.27
439.04
524.83
664.46
780.16
16,044
14,989
12,696
9,369
11,147
BV (Rp)
1,674.23
1,978.56
2,685.19
3,279.98
3,805.31
DAR (X)
0.91
0.91
0.89
0.88
0.88
DER(X)
10.23
9.81
7.81
7.31
7.26
ROA (%)
1.82
2.08
2.30
2.52
2.57
ROE (%)
20.50
22.55
20.26
20.96
21.21
OPM (%)
32.01
40.50
43.33
46.12
46.91
NPM (%)
22.08
27.61
33.65
37.70
37.50
5.61
31.94
20.00
30.00
30.00
Yield (%)
0.41
2.16
1.56
2.46
2.98
7,198
7,306
3,465
-377
2009
2010
2011
2012
2013
49
COMPANY REPORT
BMTR
GLOBAL MEDIACOM TBK.
Company Profile
PT Global Mediacom Tbk. was established in Jakarta at June 30th, 1981, and at March 27th,
2007 the name of PT Bimantara Citra Tbk. was changed to PT Global Mediacom Tbk. The
Company started commercial operations in 1982.
In accordance with article 3 of the Companys Articles of Association, the scope of its
activities is in the fields of industry, mining, transportation, agriculture,
telecommunications, real estate, architecture, construction (developer), printing, services
and trade, media and investment. Currently, the Company is engaged in investment sector
and the parent company of several subsidiaries.
On December 31st, 2013, the Company and its subsidiaries (Group) had total employees
of 9,614.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
50
As of 30 January 2014
Main Board
Industry Sector : Trade, Services & Investment (9)
Industry Sub Sector : Investment Company (98)
Individual Index
:
Listed Shares
:
Market Capitalization :
1,505.742
14,052,702,050
25,997,498,792,500
COMPANY HISTORY
Established Date
: 30-Jun-1981
Listing Date
: 17-Jul-1995
Under Writer IPO :
PT Makindo
Securities Administration Bureau :
PT Sirca Datapro Perdana
Wisma Sirca
Jln. Johar No.18, Menteng, Jakarta 10340
Phone : (021) 314-0032, 390-5920, 390-0645
Fax
: (021) 390-0671, 390-0652
BOARD OF COMMISSIONERS
1. Rosano Barack
2. Bambang Rudijanto Tanoesoedibyo
3. Chang Long Jong
4. Kardinal Alamsyah Karim *)
5. Lei Zhang
6. Mohamed Idwan Ganie *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Hary Tanoesoedibjo
2. David Fernando Audy
3. Handhianto Suryo Kentjono
4. Indra Pudjiastuti Prastomiyono
5. Muhamad Budi Rustanto
6. Oerianto Guyandi
AUDIT COMMITTEE
1. Kardinal Alamsyah Karim
2. Hery Kusnanto
3. Mohamed Idwan Ganie
CORPORATE SECRETARY
Arya Mahendra Sinulingga
HEAD OFFICE
MNC Tower 27th - 29th Fl.
Jln. Kebon Sirih 17 - 19
Jakarta
Phone : (021) 390-9211
Fax
: (021) 390-9207, 230-5281, 392-7859
Homepage
Email
Shares
Dividend
15.00
20.00
4.50
15.00
20.00
26.00
25.00
1:1
4.00
14.56
3.50
5.00
10.00
24.00
Cum Date
19-Jun-96
05-May-97
22-Jun-98
28-May-01
18-Jun-02
05-Jun-03
11-Jun-04
07-Jul-06
11-Jul-07
28-Nov-07
06-Nov-09
03-Dec-10
06-Dec-11
10-Sep-13
3,276,739,030 :
2,774,323,970 :
8,001,639,050 :
Recording
Date
28-Jun-96
15-May-97
01-Jul-98
01-Jun-01
24-Jun-02
10-Jun-03
16-Jun-04
12-Jul-06
16-Jul-07
03-Dec-07
25-Nov-09
09-Dec-10
09-Dec-11
13-Sep-13
Ex Date
20-Jun-96
06-May-97
23-Jun-98
29-May-01
19-Jun-02
06-Jun-03
14-Jun-04
10-Jul-06
12-Jul-07
29-Nov-07
09-Nov-09
06-Dec-10
07-Dec-11
11-Sep-13
23.32%
19.74%
56.94%
Payment
Date
26-Jul-96
03-Jun-97
24-Jul-98
18-Jun-01
08-Jul-02
24-Jun-03
30-Jun-04
26-Jul-06
30-Jul-07
17-Dec-07
25-Nov-09
23-Dec-10
23-Dec-11
27-Sep-13
F/I
F
F
F
F
F
F
F
S
F
I
F
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
Shares
200,000,000
760,000,000
57,000,000
1,088,576
84,293,938
266,978,118
1,299,013,678
10,417,945,240
685,168,000
43,722,000
34,647,500
106,578,500
5,838,500
62,991,500
Revision ESOP Conversion II, III, IV & V
8,000
ESOP Conversion III, IV & V
21,741,500
Type of Listing
First Issue
Company Listing
Convertible Bond
Option Conversion
ESOP Conversion
Right Issue
Bonus Shares
Stock Split
Additional Listing without RI
ESOP Conversion I
ESOP Conversion I & II
ESOP Conversion I, II & III
ESOP Conversion II & III
ESOP Conversion II, III, IV & V
T:
T:
T:
T:
T:
T:
T:
T:
Listing
Date
17-Jul-95
17-Jul-95
17-Jul-95
30-Apr-02
20-Jun-02
28-Jul-04
26-Jul-06
24-Apr-07
06-Jul-07
17-Mar-11
23-Sep-11
16-Mar-12
28-Sep-12
29-May-13
21-Jun-13
27-Nov-13
:
:
:
:
:
:
:
:
Trading
Date
10-Jun-10
11-Jun-10
20-Feb-96
03-Jun-02
19-Sep-11
28-Jul-04
26-Jul-06
24-Apr-07
06-Jul-07
07-Jun-11
12-Mar-12
18-Oct-12
28-Sep-12
29-May-13
21-Jun-13
27-Nov-13
: www.mediacom.co.id
: am.sinulingga@mediacom.co.id
51
Volume
(Mill. Sh)
2,800
1,600
2,450
1,400
2,100
1,200
1,750
1,000
1,400
800
1,050
600
700
400
350
200
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
720%
540%
360%
180%
180.6%
71.6%
-180%
Jan 10
Jan 11
SHARES TRADED
Volume (Million Sh.)
Value (Billion Rp)
Frequency (Thou. X)
Days
Price (Rupiah)
High
Low
Close
Close*
Jan 12
Jan 14
2010
2011
2012
9,371
3,706
170
245
7,802
6,106
131
247
9,619
17,238
358
246
7,927
17,013
484
244
196
364
29
20
670
205
650
650
1,140
560
990
990
2,625
980
2,400
2,400
2,800
1,370
1,900
1,900
1,950
1,780
1,850
1,850
70.40
16.89
1.63
16.21
19.08
2.34
31.68
15.43
1.86
30.84
17.12
1.81
15.46
PER (X)
21.27
PER Industry (X)
1.21
PBV (X)
* Adjusted price after corporate action
52
Jan 13
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
280
355
455
495
440
395
355
345
430
540
530
670
Low
205
225
265
375
295
325
295
300
305
375
480
460
Close
250
300
395
410
365
330
310
315
385
495
480
650
(X)
15,982
17,452
32,188
29,648
12,280
5,801
8,392
3,406
7,265
17,319
6,463
13,305
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
770
900
900
870
840
870
890
890
890
850
1,070
1,140
560
710
750
700
710
750
810
700
740
750
790
960
720
890
840
750
840
840
870
770
820
800
980
990
13,084
8,926
13,280
9,483
16,802
8,093
9,106
6,066
8,965
4,553
17,702
14,476
636,476
823,568
497,457
368,590
1,570,436
1,653,609
289,997
299,919
211,406
77,013
976,165
397,335
415,505
634,291
404,603
284,932
1,181,554
1,256,582
247,567
232,788
168,273
61,201
808,327
410,227
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
1,120
1,270
1,660
1,720
1,790
1,560
1,750
1,820
2,075
2,375
2,450
2,625
980
1,100
1,260
1,570
1,240
1,220
1,470
1,710
1,750
2,050
2,100
2,300
1,110
1,260
1,600
1,660
1,360
1,520
1,750
1,750
2,050
2,275
2,400
2,400
13,633
15,338
20,226
19,440
26,969
42,500
43,064
27,220
40,318
49,594
36,243
23,246
207,458
231,702
1,014,874
617,944
1,268,031
633,907
1,358,234
347,523
651,200
1,949,320
825,913
512,440
214,242
279,612
1,369,969
1,010,682
2,101,421
901,986
2,123,331
614,668
1,225,051
4,263,509
1,868,399
1,265,081
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
2,575
2,350
2,550
2,400
2,800
2,600
2,550
2,375
2,125
2,200
1,970
2,000
2,150
2,050
2,275
2,050
2,075
1,860
1,860
1,370
1,620
1,810
1,740
1,810
2,175
2,300
2,325
2,175
2,600
2,150
2,300
1,750
1,930
1,910
1,950
1,900
46,238
55,245
34,193
38,596
51,309
46,999
40,269
46,422
36,501
31,060
32,673
24,458
522,750
480,534
627,244
460,369
1,054,035
857,900
1,050,215
758,529
600,980
882,237
392,610
240,075
1,240,680
1,079,567
1,518,188
1,017,507
2,583,137
1,830,708
2,260,063
1,315,192
1,138,921
1,828,517
740,219
460,216
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
1,950
1,780
1,850
29,385
195,531
364,107
20
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Osman Bing Satrio & Eny (Member of Deloitte Touche Tohmatsu Limited)
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
1,276,332
1,141,628
1,165,245
952,529
1,529,588
Receivables
2,076,270
2,453,904
2,407,692
3,113,957
3,630,541
Inventories
1,131,998
1,106,101
1,134,041
1,636,122
1,803,445
Current Assets
5,985,526
5,937,277
6,085,670 10,781,083
9,748,947
Fixed Assets
1,769,444
2,793,271
2,668,000
3,734,879
4,906,183
475,394
551,502
534,326
605,330
824,763
BALANCE SHEET
Other Assets
Total Assets
Assets
Growth (%)
12,750
8,500
1.31%
52.30%
5.37%
4,250
-
1,952,037
3,197,581
3,223,411
2,481,608
3,681,058
2,293,188
1,547,624
1,518,217
3,218,162
4,035,376
Total Liabilities
4,245,225
4,745,205
4,741,628
5,699,770
7,716,434
11.78%
-0.08%
20.21%
35.38%
Growth (%)
17,000
-3.87%
Current Liabilities
Liabilities
21,250
2009
2010
2011
2012
Dec-13
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
Paid up Capital
1,376,290
1,377,021
1,379,116
1,396,796
1,405,270
13,763
13,770
13,791
13,968
14,053
100
100
100
100
100
Retained Earnings
3,402,240
3,912,989
4,109,251
5,670,496
5,956,634
Total Equity
7,050,623
7,381,739
14,296
11,441
8,387
8,509
4.70%
Growth (%)
INCOME STATEMENTS
Total Revenues
Gross Profit
Expenses (Income)
Operating Profit
70.44%
-6.59%
Dec-12
Dec-13
Dec-09
Dec-10
Dec-11
5,034,905
6,326,514
1,573,888
25.65%
-75.12%
4,325,000
4,846,631
1,143,270
4,753,060
5,486,919
709,905
1,479,883
430,618
4,172,359
4,533,058
4,325,000
4,846,631
1,143,270
1,610,968
3,021,595
709,905
1,479,883
430,618
108.46%
-70.90%
Growth (%)
Cost of Revenues
13.62%
Growth (%)
13,353
14,374
7,051
7,382
2009
2010
5,577
2,645
8,925,419 10,019,977
467.09%
12.26%
-287
2011
2012
Dec-13
-119,449
-284,191
-54,156
590,884
1,195,599
376,462
2,561,391
1,511,463
Tax
259,422
345,087
94,283
567,902
481,817
331,462
850,512
1,163,770
1,993,489
1,029,646
156.59%
36.83%
71.30%
-48.35%
6,327
7,105
5,035
5,284
Growth (%)
3,463
1,574
1,642
Period Attributable
157,208
578,865
779,363
1,299,085
620,395
Comprehensive Income
438,463
786,373
1,190,493
2,068,219
1,101,619
Comprehensive Attributable
270,340
533,904
796,711
1,369,492
692,368
RATIOS
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
306.63
185.68
188.80
434.44
264.84
5.00
10.00
24.00
11.42
42.04
56.51
93.00
44.15
BV (Rp)
512.29
536.07
608.18
1,023.47
950.21
DAR (X)
0.31
0.37
0.36
0.29
0.37
DER(X)
0.60
0.64
0.57
0.40
0.58
ROA (%)
2.46
6.56
8.86
9.97
4.89
ROE (%)
4.70
11.52
13.88
13.94
7.71
GPM (%)
14.10
23.39
27.36
46.75
45.24
OPM (%)
14.10
23.39
27.36
NPM (%)
6.58
13.44
73.94
22.33
10.28
43.77
23.79
25.81
2.38
1.54
1.00
-179
2009
2010
2011
2012
Dec-13
1,587
1,164
1,030
1,180
851
773
331
367
-40
2009
2010
2011
2012
Dec-13
53
C
CO
OM
MP
PA
AN
NY
Y R
RE
EP
PO
OR
RT
T
BSDE
BUMI SERPONG DAMAI TBK.
Company Profile
PTBumiSerpongDamaiTbk.whichisalsopartofSinarMasLand,wasestablishedin1984
andstartedcommercialoperationsin1989.
The Companys purpose and objective is to engage in real estate development activities.
The Company has been developing a new city, which is a planned and integrated
residential area, with amenities/infrastructure, environmental facilities and parks, called
theBSDCity.
The Company and its subsidiaries are incorporated and conduct their operations in
Indonesia. The Group operates under the group of PT Paraga Artamida. The ultimate
parentoftheGroupisSinarmasLandLimited,alimitedliabilitycompanyincorporatesin
Singapore.
AsofDecember31st,2013,theCompanyhad2,368employees(unaudited).
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
54
As of 30 January 2014
Individual Index
:
Listed Shares
:
Market Capitalization :
282.074
17,496,996,592
25,195,675,092,480
COMPANY HISTORY
Established Date
: 16-Jan-1984
Listing Date
: 06-Jun-2008
Under Writer IPO :
PT CLSA Indonesia
PT Nusadana Capital Indonesia
PT Sinarmas Sekuritas
Securities Administration Bureau :
PT Sinartama Gunita
Plaza BII Menara 1, 9th Fl.
Jln. M.H. Thamrin No. 51 Jakarta 10350
Phone : (021) 392-2332
Fax
: (021) 392-3003
4,422,720,330 :
4,404,400,500 :
8,669,875,762 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
2008
2009
2010
2012
Shares
Dividend
4.00
6.00
6.00
15.00
Cum Date
01-Jul-09
01-Jul-10
05-Jul-11
21-Jun-13
Ex Date
02-Jul-09
02-Jul-10
06-Jul-11
24-Jun-13
Recording
Date
06-Jul-09
06-Jul-10
08-Jul-11
26-Jun-13
25.00%
25.00%
50.00%
Payment
Date
22-Jul-09
20-Jul-10
22-Jul-11
10-Jul-13
F/I
F
F
F
F
ISSUED HISTORY
BOARD OF COMMISSIONERS
1. Muktar Widjaja
2. Benny Setiawan Santoso
3. Edwin Hidayat Abdullah *)
4. Franky Oesman Widjaja
5. Susiyati Bambang Hirawan *)
6. Teddy Pawitra *)
7. Teky Mailoa
8. Welly Setiawan Prawoko
*) Independent Commissioners
No.
1.
2.
3.
Type of Listing
First Issue
Company Listing
Right Issue I
Shares
1,093,562,000
9,842,060,870
6,561,373,722
Listing
Date
06-Jun-08
06-Jun-08
21-Dec-10
Trading
Date
06-Jun-08
01-Feb-09
21-Dec-10
BOARD OF DIRECTORS
1. Fransciscus Xaverius Ridwan Darmali
2. Hermawan Wijaya
3. Hongky Jeffry Nantung
4. Liauw Herry Hendarta
5. Lie Jani Harjanto
6. Michael Jackson Purwanto Widjaja
7. Monik William (Non-affiliated)
8. Petrus Kusuma
9. Syukur Lawigena
AUDIT COMMITTEE
1. Susiyati Bambang Hirawan
2. Edwin Hidayat Abdullah
3. Herawan Hadidjaja
CORPORATE SECRETARY
Hermawan Wijaya
HEAD OFFICE
Sinar Mas Land Plaza
Grand Boulevard, BSD Green Office Park
Tangerang - 15345
Phone : (021) 503-68368
Fax
: (021) 537-3008
Homepage
Email
: www.bsdcity.com
: hermawan.wijaya@sinarmasland.com
55
Closing Price
Volume
(Mill. Sh)
2,400
2,400
2,100
2,100
1,800
1,800
1,500
1,500
1,200
1,200
900
900
600
600
300
300
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
890
940
640
890
850
790
820
880
990
1,160
990
1,000
Low
820
600
580
600
550
600
690
780
790
770
800
850
Close
840
610
610
840
690
720
810
820
960
840
990
900
(X)
11,989
14,413
10,217
33,927
14,135
9,415
10,754
7,110
7,229
18,785
12,636
16,955
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
940
750
840
960
940
920
1,060
1,080
1,050
950
980
1,010
700
630
670
810
860
810
850
810
730
760
820
840
720
670
840
920
910
900
1,020
1,040
870
920
850
980
15,703
10,313
10,660
8,170
8,076
5,026
9,762
11,015
12,876
12,037
9,220
9,577
509,989
326,149
348,553
278,955
268,681
171,264
517,923
391,705
384,121
339,536
290,994
449,764
405,075
219,786
263,526
247,648
243,513
149,631
497,968
385,835
340,537
301,160
261,508
424,577
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
1,070
1,250
1,330
1,470
1,490
1,290
1,250
1,160
1,130
1,310
1,290
1,270
940
1,060
1,120
1,290
1,160
1,080
1,070
930
930
1,020
1,180
1,080
1,050
1,150
1,290
1,430
1,200
1,180
1,150
1,000
1,130
1,240
1,210
1,110
7,492
11,872
13,823
29,809
27,368
16,140
28,070
17,225
21,262
25,587
11,502
12,996
502,946
802,356
513,779
1,020,344
1,081,486
566,611
1,147,808
653,709
699,555
1,192,184
584,368
528,628
511,007
934,604
633,843
1,421,238
1,423,915
678,381
1,338,777
691,237
727,882
1,397,115
723,218
627,165
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
1,450
1,600
1,790
1,760
2,200
2,125
1,850
1,670
1,850
1,650
1,580
1,480
1,090
1,320
1,530
1,590
1,730
1,660
1,370
1,180
1,200
1,390
1,330
1,220
1,400
1,600
1,750
1,730
2,200
1,800
1,580
1,310
1,440
1,570
1,350
1,290
26,871
18,943
23,894
26,272
59,301
64,726
50,647
29,602
36,856
27,378
19,446
19,589
1,122,431
766,112
948,716
941,130
1,979,407
1,530,160
1,333,112
615,728
637,213
544,059
284,234
325,381
1,405,038
1,103,713
1,580,124
1,588,336
3,721,967
2,863,844
2,061,537
878,562
913,406
848,331
407,498
444,297
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
1,600
1,200
1,440
37,323
489,096
698,307
20
20
19
22
21
19
22
22
21
17
21
21
20
315%
270%
225%
180%
149.6%
135%
90%
78.3%
71.6%
45%
-45%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
SHARES TRADED
2010
2011
2012
9,212
6,878
168
245
4,278
3,741
122
247
9,294
11,108
223
246
11,028
17,817
404
244
489
698
37
20
Price (Rupiah)
High
Low
Close
Close*
1,160
550
900
900
1,080
630
980
980
1,490
930
1,110
1,110
2,200
1,090
1,290
1,290
1,600
1,200
1,440
1,440
16.94
11.09
2.08
13.12
17.34
1.84
7.87
17.79
1.76
8.78
16.27
1.97
39.93
PER (X)
9.97
PER Industry (X)
2.57
PBV (X)
* Adjusted price after corporate action
56
2013 Jan-14
Public Accountant : Mulyamin Sensi Suryanto & Lianny (Member of Moore Stephens International Ltd.)
BALANCE SHEET
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
1,049,739
3,545,385
3,479,092
3,961,465
4,331,624
Assets
Receivables
11,020
102,632
86,978
83,188
110,327
Inventories
1,734,152
2,883,392
3,012,273
3,374,802
3,796,776
Investment
38,360
80,376
636,702
769,378
1,652,477
Fixed Assets
113,330
365,038
486,920
415,371
437,868
4,238
5,849
415
415
Other Assets
Total Assets
Growth (%)
Bank Payable
Trade Payable
Total Liabilities
154.63%
9.34%
14,250
9,500
34.71%
4,750
-
97,000
91,000
1,362,669
15,540
44,602
177,681
95,715
2,252,711
4,279,479
4,530,152
6,225,014
9,156,861
89.97%
5.86%
37.41%
47.10%
Growth (%)
19,000
31.04%
22,130
Liabilities
23,750
2009
2010
2011
2012
2013
2,000,000
4,000,000
4,000,000
4,000,000
4,000,000
Paid up Capital
1,093,562
1,749,700
1,749,700
1,749,700
1,749,700
10,936
17,497
17,497
17,497
17,497
100
100
100
100
100
761,897
1,088,782
1,828,867
2,939,944
5,368,885
2,340,125
6,132,282
13,415
10,532
10,679
8,257
7,942
Total Equity
162.05%
34.65%
27.55%
27.38%
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
1,270,592
2,477,203
2,806,339
3,727,812
5,741,264
94.96%
13.29%
32.84%
54.01%
1,575,447
Growth (%)
INCOME STATEMENTS
Total Revenues
Growth (%)
Cost of Revenues
637,957
940,509
1,021,278
1,346,826
Gross Profit
632,635
1,536,693
1,785,061
2,380,986
4,165,817
Operating Expenses
176,177
666,219
824,506
949,431
1,256,190
Operating Profit
456,458
870,475
960,555
1,431,555
2,909,627
90.70%
10.35%
49.03%
103.25%
6,132
5,205
2,340
2,468
-268
2009
2010
2011
2012
2013
Growth (%)
4,570
-80,289
-11,950
155,769
221,921
322,189
376,169
662,111
1,170,231
1,696,564
3,278,954
67,430
142,407
158,197
217,705
373,306
308,738
519,704
1,012,034
1,478,859
2,905,649
68.33%
94.73%
46.13%
96.48%
Tax
Profit for the period
Growth (%)
3,728
3,399
2,477
2,806
2,228
1,271
1,056
Period Attributable
308,738
394,403
840,780
1,286,047
2,691,396
Comprehensive Income
308,738
519,810
1,012,301
1,480,581
2,909,347
394,494
840,949
1,287,149
2,695,880
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
6.00
6.00
15.00
EPS (Rp)
28.23
22.54
48.05
73.50
153.82
BV (Rp)
213.99
350.48
471.92
601.91
766.72
DAR (X)
0.49
0.37
0.35
0.37
0.41
DER(X)
0.96
0.70
0.55
0.59
0.68
ROA (%)
6.72
4.44
7.91
8.83
12.87
ROE (%)
13.19
8.47
12.26
14.04
21.66
GPM (%)
49.79
62.03
63.61
63.87
72.56
OPM (%)
35.92
35.14
34.23
38.40
50.68
NPM (%)
24.30
20.98
36.06
39.67
50.61
21.25
26.62
20.41
0.68
0.67
1.35
Comprehensive Attributable
RATIOS
Dividend (Rp)
-115
2009
2010
2011
2013
2,313
1,479
1,720
Yield (%)
2012
1,012
1,127
520
535
309
-58
2009
2010
2011
2012
2013
57
COMPANY REPORT
CPIN
CHAROEN POKPHAND INDONESIA TBK.
Company Profile
PT Charoen Pokphand Indonesia Tbk. was established dated January 7th, 1972. The
Company started its commercial operations in 1972.
The Company is engaged in poultry feed, breeding and cultivation of broiler together with
its processing, processed food, preservation of chicken and beef including cold storage
units, selling poultry feed, chicken and beef, materials from animal sources within the
territory of Republic of Indonesia.
The Companys branches are located in Sidoardjo, Medan, Tangerang, Balaraja, Serang,
Lampung, Denpasar, Surabaya, Semarang, Makasar, Salatiga, and Cirebon.
The Company has direct and indirect ownership in subsidiaries:
PT Charoen Pokphand Jaya Farm,
PT Primafood International,
PT Vista Grain,
PT Poly Packaging Industry,
PT Feprotama Pertiwi,
PT Agrico International,
PT Sarana Proteindo Utama.
The Company and Subsidiaries had 4,414 employees as of December 31st, 2013.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the
publisher or of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the
publication it should not be by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or
otherwise responsible in anyway for any advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
58
CPIN CharoenPokphandIndonesiaTbk.[S]
As of 30 January 2014
Main Board
Industry Sector : Basic Industry And Chemicals (3)
Industry Sub Sector : Animal Feed (36)
Individual Index
:
Listed Shares
:
Market Capitalization :
18,832.263
16,398,000,000
67,805,730,000,000
COMPANY HISTORY
Established Date
: 07-Jan-1972
Listing Date
: 18-Mar-1991
Under Writer IPO :
PT Danareksa
PT Makindo
PT Asean Development Securities
PT Surya Securities
Securities Administration Bureau :
PT Adimitra Transferindo
Plaza Property 2nd Fl. Komp. Pertokoan Pulomas Blok VIII No. 1
Shares
Dividend
50.00
175.00
200.00
315.00
200.00
73.00
73.00
155.00
230.00
4:1
20.00
50.00
10.00
15.00
38.00
196.00
25.00
39.80
42.00
46.00
Cum Date
25-Jul-91
03-Jun-92
30-Oct-92
15-Jun-93
02-Dec-93
22-Jul-94
22-Jul-94
13-Jul-95
21-Sep-95
06-Jun-97
27-Aug-97
11-Sep-00
02-Aug-02
23-Sep-03
30-Jul-07
22-Jun-10
24-Jan-11
16-Jun-11
07-Jun-12
28-Jun-13
Ex Date
26-Jul-91
04-Jun-92
02-Nov-92
16-Jun-93
03-Dec-93
25-Jul-94
25-Jul-94
14-Jul-95
22-Sep-95
09-Jun-97
28-Aug-97
12-Sep-00
05-Aug-02
24-Sep-03
31-Jul-07
23-Jun-10
25-Jan-11
17-Jun-11
08-Jun-12
01-Jul-13
9,106,385,410 :
956,671,330 :
6,334,943,260 :
Recording
Date
02-Aug-91
15-Jun-92
09-Nov-92
24-Jun-93
10-Dec-93
01-Aug-94
01-Aug-94
24-Jul-95
02-Oct-95
17-Jun-97
05-Sep-97
19-Sep-00
08-Aug-02
26-Sep-03
02-Aug-07
25-Jun-10
27-Jan-11
21-Jun-11
12-Jun-12
03-Jul-13
55.53%
5.83%
38.64%
Payment
Date
21-Aug-91
22-Jun-92
17-Nov-92
23-Jul-93
20-Dec-93
01-Sep-94
01-Sep-94
10-Aug-95
09-Oct-95
01-Jul-97
01-Oct-97
05-Oct-00
15-Aug-02
10-Oct-03
16-Aug-07
09-Jun-10
09-Feb-11
05-Jul-11
26-Jun-12
17-Jul-13
F
F
I
F
I
I
F
F
I
F
F
F
F
F
F
I
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
Type of Listing
First Issue
Partial Listing
Company Listing
Convertible Bonds
Convertible Bonds
Right Issue
Stock Split
Bonus Shares
Stock Split
Right Issue
Stock Split
Stock Split
Buy back
Shares
2,500,000
5,000,000
45,000,000
839,738
2,967,029
56,306,767
112,613,534
56,306,767
1,126,135,340
234,611,529
1,642,280,704
13,138,245,632
-24,807,040
Listing
Date
18-Mar-91
18-Mar-91
11-Nov-91
20-Oct-94
01-Dec-94
07-Feb-95
26-May-97
02-Jul-97
15-Jan-01
01-Aug-07
01-Nov-07
08-Dec-10
03-Jan-12
Trading
Date
18-Mar-91
18-Jun-91
18-Nov-91
20-Oct-94
01-Dec-94
07-Feb-95
26-May-97
02-Jul-97
15-Jan-01
01-Aug-07
01-Nov-07
08-Dec-10
03-Jan-12
F/I
: www.cp.co.id
: hadijanto@cp.co.id
59
Closing Price
Volume
(Mill. Sh)
5,600
320
4,900
280
4,200
240
3,500
200
2,800
160
2,100
120
1,400
80
700
40
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
2,400
2,250
2,925
3,025
3,050
3,850
5,350
6,550
8,750
8,800
9,800
9,600
Low
2,100
1,990
1,990
2,625
2,325
2,600
3,300
4,550
6,000
7,100
8,450
1,650
Close
2,200
2,000
2,800
3,000
2,750
3,550
5,200
6,450
8,700
8,550
9,600
1,840
(X)
5,927
2,420
7,269
4,630
7,446
13,676
15,643
12,224
14,543
19,425
16,912
33,787
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
1,900
1,730
2,025
2,050
1,960
2,025
2,875
2,925
2,975
2,850
2,725
2,450
1,380
1,460
1,480
1,910
1,830
1,830
1,990
2,225
1,910
2,125
2,175
2,050
1,490
1,520
2,025
1,930
1,930
1,990
2,725
2,750
2,400
2,675
2,300
2,150
38,004
28,352
47,145
24,105
26,170
19,160
27,950
56,102
50,440
34,599
27,967
28,085
518,564
388,787
820,665
298,075
306,123
341,579
434,797
751,536
668,175
367,795
284,756
304,442
857,993
613,020
1,411,264
583,449
580,528
660,625
1,026,968
1,976,446
1,670,181
913,970
706,453
689,839
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
2,550
2,875
2,775
2,825
2,800
3,425
3,425
3,200
3,025
3,200
3,475
3,650
2,100
2,425
2,525
2,625
2,550
2,325
2,925
2,600
2,650
2,925
3,000
3,125
2,500
2,675
2,750
2,750
2,625
3,425
3,200
2,700
3,025
3,125
3,425
3,650
28,901
22,290
16,781
14,447
16,503
21,919
23,542
23,263
19,062
15,684
17,577
17,348
362,122
354,584
233,594
163,751
200,774
274,107
261,769
254,560
243,921
168,547
190,871
464,529
843,531
947,040
623,275
443,008
536,404
792,772
823,958
729,813
697,362
516,572
612,019
1,521,474
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
4,025
4,675
5,250
5,100
5,550
5,150
5,150
4,375
4,600
4,175
4,000
3,575
3,400
3,750
4,325
4,600
4,750
4,275
4,125
2,550
2,575
3,450
3,400
3,100
3,875
4,400
5,050
5,050
4,950
5,150
4,300
3,375
3,400
3,900
3,400
3,375
22,837
25,887
34,984
26,573
29,496
45,241
44,340
35,992
49,512
26,508
25,525
22,346
172,807
190,399
357,500
221,332
191,522
269,464
242,064
253,915
439,354
178,401
174,913
140,288
627,478
791,775
1,704,379
1,063,057
967,147
1,289,057
1,093,933
878,789
1,528,570
684,777
655,437
469,316
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
4,225
3,260
4,135
52,996
197,493
749,683
20
20
19
22
21
19
22
22
21
17
21
21
20
1,190%
1,020%
850%
839.8%
680%
510%
340%
170%
86.2%
71.6%
-170%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
SHARES TRADED
2010
2011
2012
1,870
7,563
154
245
5,485
11,691
408
247
3,173
9,087
237
246
2,832
11,754
389
244
197
750
53
20
Price (Rupiah)
High
Low
Close
Close*
9,800
1,650
1,840
1,840
2,975
1,380
2,150
2,150
3,650
2,100
3,650
3,650
5,550
2,550
3,375
3,375
4,225
3,260
4,135
4,135
14.95
10.41
5.70
22.33
9.79
7.32
18.79
17.44
5.75
23.02
13.29
7.04
13.67
PER (X)
12.86
PER Industry (X)
6.78
PBV (X)
* Adjusted price after corporate action
60
2013 Jan-14
Public Accountant : Purwantono, Suherman & Surja (Member of Ernst & Young Global Limited)
BALANCE SHEET
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
387,996
1,317
876,198
954,694
1,146,852
2,531,089
Assets
Receivables
869,233
946,603
1,381,707
1,846,576
Inventories
1,575,018
1,554,780
2,339,543
3,366,317
4,044,737
Current Assets
3,281,275
4,274,636
5,250,245
7,180,890
8,824,900
Fixed Assets
1,685,370
1,931,069
3,198,604
4,593,000
6,389,545
51,645
46,105
49,920
Other Assets
Total Assets
38,322
46,685
5,349,375
6,518,276
21.85%
Growth (%)
Current Liabilities
Long Term Liabilities
Total Liabilities
9,750
6,500
39.56%
27.32%
3,250
-
1,461,341
1,575,552
2,167,652
2,327,048
592,301
574,899
1,083,182
2,004,511
3,444,249
2,397,701
2,036,240
2,658,734
4,172,163
5,771,297
-15.08%
30.57%
56.92%
38.33%
Growth (%)
13,000
35.74%
1,805,400
Liabilities
16,250
2009
2010
2011
2012
2013
400,000
400,000
400,000
400,000
400,000
Paid up Capital
164,228
16,398
163,980
163,980
163,980
3,285
1,640
16,398
16,398
16,398
50
10
10
10
10
2,647,393
4,173,277
5,876,112
7,871,460
9,648,061
9,951
9,951
8,176
7,921
6,189
5,891
Total Equity
2,933,018
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-09
Gross Profit
Expenses (Income)
Operating Profit
6,189,470
8,176,464
9,950,900
52.01%
38.83%
32.10%
21.70%
Dec-10
Dec-11
Dec-12
Dec-13
4,458
3,861
2,933
1,831
3.56%
Growth (%)
Cost of Revenues
4,458,432
19.10%
18.67%
20.42%
-199
2009
2010
2011
2012
2013
3,754,114
3,924,246
4,491,512
5,149,808
812,204
993,116
915,033
1,032,832
1,571,511
2,056,881
2,760,998
3,009,213
3,458,680
3,758,297
34.23%
8.99%
14.94%
8.66%
Growth (%)
21,311
17,958
20,428
103,515
57,229
-34,633
-82,181
-126,964
2,160,396
2,818,227
2,974,580
3,376,499
3,451,333
540,978
598,366
612,083
695,627
922,643
1,619,418
2,219,861
2,362,497
2,680,872
2,528,690
37.08%
6.43%
13.48%
-5.68%
Growth (%)
14,559
15,078
2009
2010
15,192
9,957
4,722
Period Attributable
1,619,418
2,210,266
2,355,475
2,684,064
2,530,909
Comprehensive Income
1,612,710
2,219,861
2,362,497
2,680,872
2,528,690
2,210,266
2,355,475
2,684,064
2,530,909
Comprehensive Attributable
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
181.75
292.51
333.23
331.28
379.23
Dividend (Rp)
196.00
64.80
42.00
46.00
RATIOS
EPS (Rp)
493.04
1,347.89
143.64
163.68
154.34
BV (Rp)
892.97
2,718.89
377.45
498.63
606.84
DAR (X)
0.45
0.31
0.30
0.34
0.37
-513
2011
2012
2013
2,220
2,362
2,529
2,134
1,619
1,587
0.82
0.46
0.43
0.51
0.58
ROA (%)
30.27
34.06
26.70
21.71
16.08
ROE (%)
55.21
49.79
38.17
32.79
25.41
GPM (%)
19.71
24.90
21.85
21.08
20.07
OPM (%)
14.13
18.31
16.76
16.23
14.64
NPM (%)
11.12
14.72
13.16
12.58
9.85
39.75
4.81
29.24
28.10
8.71
3.52
1.95
1.26
DER(X)
Yield (%)
1,040
493
-54
2009
2010
2011
2012
2013
61
CC O
OM
M PP A
AN
N YY RR EE PP O
O RR TT
CTRA
CIPUTRA DEVELOPMENT TBK.
Company Profile
PT Ciputra Development Tbk. (the Company) was established on October 22nd, 1981 based
on Notarial Deed No. 22 by Hobropoerwanto, S.H., Notary in Jakarta.
Based on Article 3 of the Company's Articles of Association, the Companys business scope
include: development and construction, investment, service, industry and trading, by
establishing and running business in the areas of housing development (real estate), office
buildings, shopping centers and commercial centers and industrial facilities and areas, as
well as establishing and running businesses in fields that related to the planning, creation
and maintenance of housing facilities, including but not limited to golf courses, family clubs,
restaurants and other entertainment venues and facilities.
The Companys head office is located at Jalan Prof. DR. Satrio Kav. 6, South Jakarta. Its
project, namely Citra Housing 1, 2, and 5 is located in Kalideres, Jakarta.
PT Ciputra Development Tbk. is one of Indonesia leading property companies. Established in
1981, the development of large scale residential and commercial properties is the expertise
and core business of Ciputra Development.
The Company has direct and indirect subsidiaries:
PT Ciputra Property Tbk. and subsidiary (listed in IDX),
PT Ciputra Surya Tbk. and subsidiary (listed in IDX),
PT Ciputra Residence and subsidiary,
PT Ciputra Indah and subsidiary,
PT Ciputra Graha Mitra and subsidiary,
PT Ciputra Raya Sejahtera,
Long Field Enterprises Limited,
PT Penta Oktoeneatama and subsidiary,
PT Citraland Graha Realty, and
PT Citra Tumbuh Bahagia.
As of December 31st, 2013, the Company and subsidiaries had 2,306 employees.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or of
the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be by
any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any advice
action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
62
As of 30 January 2014
Individual Index
:
Listed Shares
:
Market Capitalization :
187.791
15,165,815,994
12,966,772,674,870
COMPANY HISTORY
Established Date
: 22-Oct-1981
Listing Date
: 28-Mar-1994
Under Writer IPO :
PT Bapindo Bumi Securities
PT Baring Securities
PT Danareksa Sekuritas
PT Indovest Securities
PT Inter-Pacific Securities
Securities Administration Bureau :
PT EDI Indonesia
Wisma SMR 10th Fl.
Jln. Yos Sudarso Kav. 89 Jakarta 14350
Phone : (021) 650-5829, 652-1010
Fax
: (021) 650-5987
BOARD OF COMMISSIONERS
1. Ciputra
2. Cosmas Batubara *)
3. Dian Sumeler
4. Widigdo Sukarman *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Candra Ciputra
2. Budiarsa Sastrawinata
3. Cakra Ciputra
4. Harun Hajadi
5. Junita Ciputra
6. Rina Ciputra Sastrawinata
7. Tanan Herwandi Antonius
8. Tulus Santoso Brotosiswojo
Shares
Dividend
89.00
80.00
41.00
20 : 23
6.00
7.00
12.00
Cum Date
19-Jul-95
17-Jul-96
07-Jul-97
14-Nov-00
25-Jul-11
24-Jul-12
05-Jul-13
Ex Date
20-Jul-95
18-Jul-96
08-Jul-97
15-Nov-00
26-Jul-11
25-Jul-12
08-Jul-13
4,644,750,000 :
1,202,678,976 :
9,318,387,018 :
Recording
Date
28-Jul-95
26-Jul-96
16-Jul-97
20-Nov-00
28-Jul-11
27-Jul-12
10-Jul-13
30.63%
7.93%
61.44%
Payment
Date
25-Aug-95
23-Aug-96
14-Aug-97
04-Dec-00
11-Aug-11
10-Aug-12
24-Jul-13
F
F
F
F
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
Type of Listing
First Issue
Company Listing
Stock Split
Right Issue
Bonus Shares
Additional Listing without RI
Warrant I
Stock Splits
Shares
50,000,000
200,000,000 T:
250,000,000
2,699,860,570 T:
862,500,000
2,307,276,912
1,213,270,515 T:
7,582,907,997
Listing
Date
28-Mar-94
28-Mar-94 :
05-Aug-96
08-Oct-96 :
04-Dec-00
03-Apr-06
06-Jun-07 :
15-Jun-10
Trading
Date
28-Mar-94
18-Oct-94
05-Aug-96
27-Dec-06
04-Dec-00
03-Apr-06
03-Dec-09
15-Jun-10
AUDIT COMMITTEE
1. Widigdo Sukarman
2. Henk Wangitan
3. Melina Indrawati Sutandi
CORPORATE SECRETARY
Tulus Santoso
HEAD OFFICE
Jln. Prof. DR. Satrio Kav. 6
Jakarta - 12940
Phone : (021) 522-6868, 522-5858, 520-7333
Fax
: (021) 520-5262
Homepage
Email
F/I
: www.ciputradevelopment.com
: investor@ciputra.com
tulus@ciputra.com
lina@ciputra.com
63
Volume
(Mill. Sh)
1,600
800
1,400
700
1,200
600
1,000
500
800
400
600
300
400
200
200
100
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
240%
160%
149.6%
80%
-80%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
SHARES TRADED
2010
2011
2012
2013 Jan-14
4,455
2,198
90
245
3,233
1,435
68
247
5,344
3,743
96
246
7,702
7,932
252
244
668
553
26
20
950
320
350
350
640
290
540
540
850
530
800
800
1,660
690
750
750
890
750
855
855
Volume
Value
High
710
740
870
950
890
830
385
385
400
510
425
380
Low
480
650
680
840
630
320
320
325
325
370
355
330
Close
680
690
860
890
740
335
380
335
380
420
365
350
(X)
11,430
4,995
5,558
4,903
5,639
7,848
7,602
4,647
11,558
11,350
8,258
5,990
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
365
320
380
400
435
460
550
600
580
540
540
640
300
290
300
360
365
410
425
480
400
445
470
500
305
310
370
390
415
430
550
500
510
490
490
540
6,463
3,720
6,633
4,834
6,726
5,450
6,398
6,649
7,958
4,924
3,200
5,428
303,391
166,002
310,564
218,733
305,850
231,730
513,521
351,157
236,714
200,292
155,959
238,772
100,459
50,088
105,731
83,783
125,770
99,127
249,550
188,620
120,070
101,183
78,501
132,399
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
600
700
770
850
810
740
720
650
720
730
790
850
530
570
640
710
630
610
640
600
620
660
660
740
570
640
720
760
700
650
650
620
710
680
780
800
5,925
7,287
8,899
10,499
14,935
7,156
6,071
6,246
7,414
8,059
5,701
7,681
264,125
474,041
382,839
440,573
1,400,750
391,259
256,710
381,264
267,635
435,341
297,135
352,705
150,837
296,748
273,310
336,521
1,027,293
264,438
173,555
236,340
180,482
303,526
217,910
281,639
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
950
1,140
1,160
1,410
1,660
1,550
1,360
1,240
1,140
1,110
1,060
840
780
860
1,020
1,040
1,290
1,050
960
690
780
840
700
700
920
1,110
1,080
1,380
1,540
1,350
1,150
810
980
1,030
730
750
12,617
13,284
14,637
15,774
20,043
31,006
27,780
22,460
22,998
28,391
24,531
18,761
492,647
441,451
631,303
668,842
459,060
761,959
721,829
762,534
601,732
744,894
793,303
622,891
412,442
428,604
690,134
764,483
668,141
999,370
829,980
729,287
589,377
709,533
643,125
467,990
21
20
19
22
22
19
23
17
21
21
20
19
890
750
855
26,138
668,360
553,096
20
16.58
11.09
1.07
14.28
17.34
1.43
12.14
17.79
1.21
13.83
16.27
1.38
Jan-14
20.58
PER (X)
9.97
PER Industry (X)
1.08
PBV (X)
* Adjusted price after corporate action
64
Freq.
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
20
19
22
21
19
22
22
21
17
21
21
20
71.6%
Price (Rupiah)
High
Low
Close
Close*
Closing Price
Day
TRADING ACTIVITIES
Public Accountant : Purwantono, Suherman & Surja (Member of Ernst & Young Global Limited)
BALANCE SHEET
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
2,009,262
2,235,938
2,109,130
2,708,109
3,463,817
Assets
Receivables
133,952
198,953
324,816
580,855
779,270
Inventories
2,075,316
2,154,509
2,675,218
3,310,134
4,891,787
Investment
376,090
535,290
1,233,460
360,672
255,963
1,524,697
2,012,890
2,383,992
1,240,096
1,779,149
276,140
442,465
894,675
Fixed Assets
Other Assets
Total Assets
260,187
8,553,946
Growth (%)
Bank Payable
Trade Payable
Total Liabilities
12,750
8,500
22.89%
30.36%
33.89%
4,250
-
801,939
1,470,810
2,728,066
27,157
27,963
10,495
662,647
1,592,921
2,126,198
3,877,433
33.48%
82.36%
68.74%
58.18%
Growth (%)
17,000
9.64%
11,694
Liabilities
21,250
2009
2010
2011
2012
2013
6,542,647 10,349,358
TOTAL EQUITY (Bill. Rp)
Authorized Capital
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
Paid up Capital
3,791,454
3,791,454
3,791,454
3,791,454
3,791,454
7,583
15,166
15,166
15,166
15,166
500
250
250
250
250
-50,133
207,726
441,555
924,494
1,714,219
4,647,176
4,905,036
7,647,434
8,480,745
9,765,513
5.55%
55.91%
10.90%
15.15%
9,766
9,766
8,481
7,647
7,773
5,781
Total Equity
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
1,332,372
1,692,687
2,178,331
3,322,669
5,077,062
27.04%
28.69%
52.53%
52.80%
Growth (%)
Cost of Revenues
733,065
957,985
1,135,339
1,656,106
2,530,589
Gross Profit
599,306
734,702
1,042,992
1,666,563
2,546,473
Operating Expenses
315,469
392,883
503,533
686,190
894,946
Operating Profit
283,837
341,819
539,459
980,373
1,651,527
20.43%
57.82%
81.73%
68.46%
18,506
137,638
79,319
49,038
57,964
298,744
482,273
618,778
1,029,411
1,709,492
71,261
93,022
124,766
180,028
296,103
227,483
389,251
494,011
849,383
1,413,388
71.11%
26.91%
71.94%
66.40%
4,647
4,905
2009
2010
3,789
1,797
-195
2011
2012
2013
Growth (%)
4,041
Growth (%)
3,323
3,006
2,178
1,693
1,970
1,332
934
Period Attributable
227,483
257,960
324,824
589,100
976,715
Comprehensive Income
136,328
389,252
494,011
849,383
1,413,388
257,961
324,824
589,100
976,715
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
6.00
7.00
12.00
EPS (Rp)
30.00
17.01
21.42
38.84
64.40
BV (Rp)
612.85
323.43
504.25
559.20
643.92
DAR (X)
0.19
0.23
0.34
0.44
0.51
DER(X)
0.34
0.43
0.51
0.77
1.06
Comprehensive Attributable
RATIOS
Dividend (Rp)
-102
2009
2010
2011
2012
2013
1,125
849
837
ROA (%)
2.66
4.15
4.29
5.65
7.03
ROE (%)
4.90
7.94
6.46
10.02
14.47
GPM (%)
44.98
43.40
47.88
50.16
50.16
OPM (%)
21.30
20.19
24.76
29.51
32.53
NPM (%)
17.07
23.00
22.68
25.56
27.84
35.27
32.68
30.89
Yield (%)
1.71
1.30
1.50
494
548
389
227
260
-28
2009
2010
2011
2012
2013
65
CC O
OM
M PP A
AN
N YY RR EE PP O
O RR TT
EXCL
XL AXIATA TBK.
Company Profile
PT XL Axiata Tbk. was established on October 6th, 1989 under the name of PT
Grahametropolitan Lestari.
The Companys majority shareholder, Axiata Investments (Indonesia) Sdn. Bhd. is a wholly
owned subsidiary of Axiata Investments (Labuan) Limited. Axiata Investments (Labuan)
Limited is a subsidiary of Axiata Group Berhad.
The Companys purpose is to provide telecommunications services and/or
telecommunications networks and/or multimedia services. The Company commenced its
commercial operations in 1996.
The Company has the subsidiaries which were established for issuance of bonds and loans:
GSM One (L) Ltd. Malaysia,
GSM Two (L) Ltd. Malaysia, and
Excelcomindo Finance Company B.V. Netherlands.
Throughout 2013 the Company has awarded:
Best Leader, Best Operation Manager, Best Recruitment Campaign, Best IT
Support
Contact Center Service Excellence Award 2013 Grade: Excellent
Telecom Asia Awards - Best Operator in Emerging Market
Most Admired Companies 2013
Service Quality Awards 2013, Peringkat: EMAS
Best Social Media Program of The Year, Best Use of Knowledge Management
Customer Relationship Excellence Awards
Digital Business Leader
Lifetime Achivement Awards
Indonesia Service to Care Champion 2013
The Most Youthful Brand 2013
Indonesia Most Admired Companies 2013 (WIMACO 2013)
The Best Public Companies Based on WAI
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
66
As of 30 January 2014
Main Board
Industry Sector : Infrastructure, Utilities And Transportation (7)
Industry Sub Sector : Telecommunication (73)
Individual Index
:
Listed Shares
:
Market Capitalization :
242.500
8,534,490,667
41,392,279,734,950
COMPANY HISTORY
Established Date
: 06-Oct-1989
Listing Date
: 29-Sep-2005
Under Writer IPO :
PT CIMB Niaga Securities
PT GK Goh Indonesia
Securities Administration Bureau :
PT Datindo Entrycom
Wisma Sudirman - Puri Datindo
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220
Phone : (021) 570-9009
Fax
: (021) 570-9026
BOARD OF COMMISSIONERS
1. YBhg Tan Sri Dato' Muhammad Radzi bin H. Mansor
2. Azran Osman Rani
3. James Carl Grinwis Maclaurin
4. Peter J. Chambers *)
5. Wirjawan *)
6. Yasmin Stamboel Wirjawan *)
7. YBhg Dato' Sri Jamaludin bin Ibrahim
*) Independent Commissioners
Shares
Dividend
7.00
20.00
107.00
129.88
135.00
Cum Date
22-May-07
28-Apr-08
11-May-11
20-Apr-12
02-May-13
Ex Date
23-May-07
29-Apr-08
12-May-11
23-Apr-12
03-May-13
5,674,125,290 :
2,860,365,377 :
Recording
Date
25-May-07
02-May-08
16-May-11
25-Apr-12
07-May-13
66.49%
33.51%
Payment
Date
11-Jun-07
16-May-08
31-May-11
09-May-12
22-May-13
I
F
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
Type of Listing
First Issue
Company Listing
Right Issue
Additional Listing without RI
Long Term Incentive Program
Long Term Incentive Program
Shares
1,427,500,000
5,662,500,000
1,418,000,000
10,566,332
7,710,279
8,214,056
Listing
Date
29-Sep-05
29-Sep-05
16-Dec-09
26-Apr-11
16-Apr-12
12-Apr-13
Trading
Date
29-Sep-05
29-Sep-05
16-Dec-09
26-Apr-11
16-Apr-12
12-Apr-13
BOARD OF DIRECTORS
1. Hasnul Suhaimi
2. Dian Siswarini
3. Joy Wahjudi
4. Mohamed Adlan bin Ahmad Tajudin
5. Ongki Kurniawan
6. P. Nicanor V. Santiago III
7. Williem Lucas Timmermans
AUDIT COMMITTEE
1. Peter J. Chambers
2. Djoko Susanto
3. Yasmin Stamboel Wirjawan
CORPORATE SECRETARY
Murni Nurdini
HEAD OFFICE
Menara Prima 8th Fl.
Jln. DR. Ide Anak Agung Gde Agung Lot. E4 - 7 No. 1,
Kawasan Mega Kuningan, Jakarta Selatan - 12950
Phone : (021) 579-59387
Fax
: (021) 579-59928
Homepage
Email
F/I
: www.xl.co.id
: murni@xl.co.id
67
Volume
(Mill. Sh)
7,400
2,400
6,475
2,100
5,550
1,800
4,625
1,500
3,700
1,200
2,775
900
1,850
600
925
300
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
32.1%
-45%
Jan 10
Jan 11
SHARES TRADED
Volume (Million Sh.)
Value (Billion Rp)
Frequency (Thou. X)
Days
Price (Rupiah)
High
Low
Close
Close*
Jan 12
Jan 14
2010
2011
2012
2,755
10,232
30
243
1,467
8,209
130
247
2,364
14,149
134
246
2,047
10,130
191
244
99
504
22
20
6,250
1,850
5,300
5,300
7,100
3,675
4,525
4,525
7,400
4,400
5,700
5,700
6,050
3,750
5,200
5,200
5,300
4,850
4,850
4,850
13.62
11.09
2.82
17.71
17.53
3.16
36.30
18.40
2.92
33.85
18.52
2.72
15.60
PER (X)
14.36
PER Industry (X)
3.85
PBV (X)
* Adjusted price after corporate action
68
Jan 13
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
2,725
3,050
3,650
3,800
3,825
4,200
5,000
5,250
5,950
5,850
6,250
5,950
Low
1,850
2,200
3,050
3,375
3,325
3,475
3,800
4,500
4,950
5,100
5,250
5,200
Close
2,675
3,050
3,500
3,725
3,475
4,075
4,750
5,000
5,400
5,750
5,600
5,300
(X)
444
281
995
2,210
2,266
1,563
1,989
3,330
3,940
4,612
4,398
3,716
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
5,950
5,800
5,900
7,100
7,000
6,300
6,350
5,800
5,650
5,700
5,550
4,750
4,975
4,975
5,250
5,500
6,050
5,700
5,700
4,600
3,675
4,425
4,500
4,150
5,250
5,700
5,450
6,800
6,150
6,150
5,750
5,050
4,975
5,000
4,650
4,525
4,925
4,978
4,143
8,002
17,490
14,706
10,177
16,016
14,667
12,608
10,207
11,596
56,510
130,463
116,397
82,986
292,579
180,249
108,508
97,839
87,788
79,468
83,184
150,947
311,674
685,980
655,579
505,343
1,875,647
1,088,323
657,815
512,779
444,954
395,922
405,435
669,847
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
5,250
4,950
5,200
5,650
6,500
6,350
6,450
7,200
7,200
7,400
6,800
6,100
4,450
4,475
4,400
4,850
5,300
5,300
5,850
6,150
6,350
6,600
5,000
5,400
4,475
4,725
5,050
5,400
5,900
6,150
6,150
7,200
6,650
6,850
5,150
5,700
10,324
10,385
14,166
8,260
9,258
9,071
8,712
8,436
12,289
12,368
20,756
10,391
149,594
145,053
92,236
96,402
71,181
105,200
90,851
109,861
938,720
170,346
232,169
162,549
718,423
683,660
430,517
501,677
408,503
621,259
557,811
709,880
5,970,400
1,184,562
1,437,261
925,074
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
5,900
6,000
5,450
6,050
5,250
4,950
4,850
4,525
4,925
4,900
5,200
5,250
4,975
4,975
5,150
5,000
4,575
4,200
4,225
3,750
3,975
4,125
4,400
4,725
5,000
5,450
5,250
5,100
5,000
4,825
4,500
4,475
4,250
4,475
5,000
5,200
12,646
20,158
12,633
20,992
17,351
16,274
12,273
12,814
24,599
14,003
14,996
12,087
136,402
170,736
159,235
382,743
260,528
170,260
119,887
150,302
183,487
127,756
111,870
73,628
745,434
921,705
841,208
2,040,764
1,312,833
780,647
548,178
643,652
809,028
584,006
535,369
366,722
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
5,300
4,850
4,850
22,225
99,350
503,950
20
18
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Tanudiredja, Wibisana & Rekan (Member of PricewaterhouseCoopers Global Network)
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
747,965
366,161
998,113
791,805
1,317,996
Receivables
454,063
558,601
669,978
597,077
1,332,444
Inventories
19,886
61,044
66,595
49,807
49,218
Current Assets
25,372,806
2,228,017
3,387,237
3,658,985
5,844,114
Fixed Assets
BALANCE SHEET
Other Assets
Total Assets
Assets
1,644,156
Growth (%)
Current Liabilities
1,793,181
2,050,802
431,359
468,199
6,008,894
24,750
16,500
14.38%
13.75%
13.60%
8,250
4,563,033
8,728,212
8,739,996
7,931,046
12,568,088 10,973,174
Total Liabilities
2009
-16.37%
12.50%
14.92%
24.35%
2,265,000
2,265,000
2,265,000
2,265,000
2,265,000
850,800
850,800
851,857
852,628
853,449
8,508
8,508
8,519
8,526
8,534
100
100
100
100
100
Retained Earnings
2,616,681
5,507,942
7,426,556
9,063,057
8,966,866
Total Equity
Growth (%)
33,000
-0.47%
Liabilities
41,250
2010
2011
2012
2013
15,370
15,300
2012
2013
13,693
11,715
12,235
8,803
9,099
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-09
Gross Profit
Expenses (Income)
Operating Profit
16.88%
12.25%
-0.45%
Dec-10
Dec-11
Dec-12
Dec-13
5,964
2,828
27.38%
Growth (%)
Cost of Revenues
33.08%
7.18%
12.06%
1.41%
-307
2009
2010
2011
2,463,844
4,783,811
4,502,267
4,352,463
11,242,207
2,463,844
4,352,463
1,658,288
21,265
2012
2013
21,265
-61.90%
Growth (%)
17,459
18,713
16,927
-113,578
-915,830
-637,624
-601,042
-268,621
2,350,266
3,867,981
3,864,643
3,751,421
1,389,667
640,798
976,720
1,034,542
-986,774
356,850
1,709,468
2,891,261
2,830,101
2,764,647
1,032,817
69.13%
-2.12%
-2.31%
-62.64%
Growth (%)
13,706
12,589
8,251
3,913
Period Attributable
1,709,468
2,891,261
2,830,101
2,764,647
1,032,817
Comprehensive Income
1,709,468
2,891,261
2,830,101
2,743,915
1,055,965
2,891,261
2,830,101
2,743,915
1,055,965
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
422.25
48.83
38.81
41.86
73.69
107.00
129.88
135.00
Comprehensive Attributable
RATIOS
Current Ratio (%)
Dividend (Rp)
200.92
339.83
332.23
324.25
121.02
BV (Rp)
1,034.69
1,376.95
1,607.37
1,802.67
1,792.74
DAR (X)
0.68
0.57
0.56
0.57
0.62
DER(X)
2.11
1.33
1.28
1.31
1.63
ROA (%)
6.24
10.61
9.08
7.80
2.56
ROE (%)
19.42
24.68
20.67
17.99
6.75
GPM (%)
17.98
27.40
24.06
20.76
7.80
OPM (%)
17.98
20.76
7.80
NPM (%)
12.47
16.56
15.12
13.18
4.86
31.49
39.09
41.63
Yield (%)
2.02
2.87
2.37
EPS (Rp)
-425
2009
2010
2011
2,830
2,765
2,891
2,301
1,709
1,712
1,033
1,122
532
-58
2009
2010
2011
2012
2013
69
COMPANY REPORT
GGRM
GUDANG GARAM TBK.
Company Profile
PT Gudang Garam Tbk. (the Company) previously named as PT Perusahaan Rokok Tjap
Gudang Garam Kediri (PT Gudang Garam), was established on June 30th, 1971.
The Company is engaged in cigarette industry and other related cigarette industry
activities. PT Surya Duta Investa is the Companys ultimate parent.
The Companys Head Office at Jln. Semampir II/1, Kediri, East Java, and its plants are
located in Kediri, Gempol, and Solo-Kartasura. The Company also has representative
offices, which are Jakarta Representative Office at Jln. Jenderal A. Yani 79, Jakarta and
Surabaya Representative Office at Jln. Pengenal 7 15, Surabaya.
The Company is a leading Kretek cigarette manufacturer in Indonesia which produces
various high quality products, varied from Corn Husk Cigarette (SKL), Handmade Kretek
Cigarette (SKT) and Machine-made Kretek Cigarette (SKM) that has been distributed both
nationwide and worldwide.
Measured by total asset, products sales gain, number of employees, tax and customs and
other contributions, PT Gudang Garam Tbk. has become a national cigarette company
which gives significant contribution for Indonesia.
The company has direct ownership in subsidiaries:
PT Surya Pamenang,
PT Surya Madistrindo,
PT Graha Surya Media,
PT Surya Air, and
PT Surya Inti Tembakau.
As of December 31st 2013, the Company and subsidiaries had 43,317 employees.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the
publisher or of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the
publication it should not be by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or
otherwise responsible in anyway for any advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
70
As of 30 January 2014
Main Board
Industry Sector : Consumer Goods Industry (5)
Industry Sub Sector : Tobacco Manufacturers (52)
Individual Index
:
Listed Shares
:
Market Capitalization :
1,635.122
1,924,088,000
80,619,287,200,000
COMPANY HISTORY
Established Date
: 26-Jun-1958
Listing Date
: 27-Aug-1990
Under Writer IPO :
PT Danareksa
PT Multicorp
PT Merincorp
PT Surya Securities
PT Ficonensia
Securities Administration Bureau :
PT Raya Saham Registra
Plaza Central Building 2nd Fl.
Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930
Phone : (021) 252-5666
Fax
: (021) 252-5028
BOARD OF COMMISSIONERS
1. Juni Setiawati Wonowidjojo
2. Frank Willem Van Gelder *)
3. Lucas Mulia Suhardjo *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Susilo Wonowidjojo
2. Buana Susilo
3. Fajar Sumeru
4. Herry Susianto
5. Heru Budiman
6. Istata Taswin Siddharta
7. Sony Sasono Rahmadi
AUDIT COMMITTEE
1. Frank Willem van Gelder
2. Bambang Susilo
3. Jusuf Halim
CORPORATE SECRETARY
Heru Budiman
HEAD OFFICE
Jln. Jend. A. Yani No. 79
Jakarta - 10510
1,333,146,800 :
120,442,700 :
470,498,500 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
1991
1992
1993
1994
1996
1995
1996
1997
1998
1999
2000
2001
2002
2003
2005
2005
2006
2007
2008
2009
2010
2011
2012
Shares
Dividend
150.00
150.00
155.00
210.00
1:1
75.00
150.00
120.00
260.00
500.00
500.00
300.00
300.00
300.00
500.00
500.00
250.00
250.00
350.00
650.00
880.00
1,000.00
800.00
Cum Date
12-Jul-91
22-Jul-93
06-Jul-94
05-Jul-95
25-Apr-96
16-Jul-96
07-Jul-97
03-Jul-98
05-Jul-99
06-Jul-00
27-Nov-00
02-Jul-02
27-Jun-03
16-Jul-04
21-Jul-05
21-Jul-06
23-Jul-07
15-Jul-08
14-Jul-09
13-Jul-10
25-Jul-11
30-Jul-12
22-Jul-13
Ex Date
15-Jul-91
23-Jul-93
07-Jul-94
06-Jul-95
26-Apr-96
17-Jul-96
08-Jul-97
07-Jul-98
06-Jul-99
07-Jul-00
28-Nov-00
03-Jul-02
30-Jun-03
19-Jul-04
22-Jul-05
24-Jul-06
24-Jul-07
16-Jul-08
15-Jul-09
14-Jul-10
26-Jul-11
31-Jul-12
23-Jul-13
Recording
Date
20-Jul-91
30-Jul-93
14-Jul-94
14-Jul-95
06-May-96
25-Jul-96
16-Jul-97
15-Jul-98
14-Jul-99
17-Jul-00
05-Dec-00
08-Jul-02
02-Jul-03
21-Jul-04
26-Jul-05
26-Jul-06
26-Jul-07
18-Jul-08
17-Jul-09
16-Jul-10
28-Jul-11
02-Aug-12
25-Jul-13
69.29%
6.26%
24.45%
Payment
Date
09-Aug-91
23-Aug-93
13-Aug-94
14-Aug-95
03-Jun-96
19-Aug-96
14-Aug-97
13-Aug-98
11-Aug-99
31-Jul-00
19-Dec-00
19-Jul-02
11-Jul-03
04-Aug-04
08-Aug-05
07-Aug-06
09-Aug-07
01-Aug-08
30-Jul-09
29-Jul-10
08-Aug-11
16-Aug-12
15-Aug-13
F
F
F
F
F
F
F
F
I
F
F
F
F
F
F
F
F
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
Type of Listing
First Issue
Partial Listing
Founders Shares
Koperasi
Stock Split
Bonus Shares
Shares
57,807,800
38,396,600
375,197,600
9,620,000
481,022,000
962,044,000
Listing
Date
27-Aug-90
27-Aug-90
31-May-94
31-May-94
03-Jun-96
04-Jun-96
Trading
Date
27-Aug-90
27-Feb-91
31-May-94
00-Jan-00
03-Jun-96
05-Jun-96
F/I
: www.gudanggaramtbk.com
: corporate_secretary@gudanggaramtbk.com
71
Volume
(Mill. Sh)
68,000
32.0
59,500
28.0
51,000
24.0
42,500
20.0
34,000
16.0
25,500
12.0
17,000
8.0
8,500
4.0
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
175%
140%
105%
92.2%
70%
71.6%
35%
-35%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
2010
2011
2012
405
14,126
114
245
332
15,706
185
247
370
20,026
228
246
447
20,285
272
244
32
1,344
36
20
Price (Rupiah)
High
Low
Close
Close*
52,500
20,650
40,000
40,000
67,000
33,300
62,050
62,050
63,800
45,900
56,300
56,300
57,800
32,000
42,000
42,000
45,525
39,700
41,900
41,900
24.08
16.22
4.86
26.62
19.75
4.07
18.73
19.15
2.85
18.68
23.95
2.85
SHARES TRADED
18.56
PER (X)
16.41
PER Industry (X)
3.63
PBV (X)
* Adjusted price after corporate action
72
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
24,300
26,500
28,000
28,500
38,150
35,450
36,000
41,100
51,600
52,500
48,600
46,100
Low
20,650
23,550
24,600
24,750
27,400
29,450
32,750
34,600
39,400
45,900
40,700
36,900
Close
24,000
26,050
24,750
27,600
33,700
34,200
35,000
39,400
51,600
47,700
40,700
40,000
(X)
6,103
3,791
7,514
9,299
12,065
13,049
8,293
6,779
9,809
12,651
9,492
14,804
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
41,350
38,350
43,100
41,500
44,900
50,100
57,000
56,500
61,500
61,150
65,000
67,000
34,000
33,300
35,850
40,000
40,350
43,300
47,400
46,900
47,400
51,000
56,000
59,100
37,250
36,550
41,850
40,600
43,550
49,800
50,900
55,000
52,500
58,600
65,000
62,050
19,222
15,422
17,678
14,189
9,674
11,628
13,717
18,035
21,191
18,610
12,066
13,867
42,483
29,060
31,054
28,806
17,711
23,804
26,505
31,756
29,637
30,293
20,160
20,282
1,594,349
1,036,576
1,239,465
1,166,285
754,867
1,093,954
1,348,972
1,672,663
1,594,104
1,706,426
1,231,087
1,267,505
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
63,250
59,850
57,300
60,450
61,050
62,800
63,800
55,500
50,500
53,600
53,000
60,450
55,400
50,050
51,400
55,300
54,000
53,350
55,250
48,100
45,900
46,250
46,050
52,500
57,000
56,750
55,050
59,200
54,100
61,500
56,350
50,100
46,450
49,150
52,850
56,300
17,928
24,119
20,086
16,395
17,382
12,187
17,251
27,096
18,256
18,562
22,959
15,404
24,428
33,685
30,356
25,722
25,548
19,587
33,688
41,704
26,130
34,242
43,229
31,454
1,440,624
1,855,940
1,645,012
1,498,625
1,481,745
1,147,973
1,958,846
2,143,553
1,247,867
1,718,568
2,115,356
1,771,421
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
57,000
52,850
51,200
54,450
57,800
54,500
51,600
43,650
43,900
38,450
38,350
42,000
49,500
48,300
45,800
48,600
49,300
45,300
42,250
32,000
35,000
33,150
34,600
36,800
51,850
48,300
48,950
49,400
53,500
50,600
42,350
37,950
35,000
36,900
37,000
42,000
20,401
16,161
17,514
28,414
22,413
22,532
21,809
22,201
23,464
33,633
21,934
21,396
36,082
39,784
32,644
51,702
41,575
31,333
30,731
29,240
31,451
50,193
34,618
37,811
1,900,377
2,000,127
1,590,282
2,660,507
2,221,861
1,555,537
1,419,705
1,128,039
1,223,270
1,809,844
1,262,239
1,513,018
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
36,083
31,659
1,343,558
20
20
19
22
21
19
22
22
21
17
21
21
20
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
1,222,897
1,249,249
1,094,895
1,285,799
1,404,108
1,038,958
915,004
937,987
1,382,539
2,196,086
Assets
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
7,019,464
7,406,632
613,344
411,400
479,473
1,122,077
1,318,730
12.89%
Growth (%)
Current Liabilities
7,961,279
887,145
8,848,424
25,000
1,101,295
2009
1,259,400
2010
2011
2012
2013
6.48%
54.31%
2.52%
43.28%
1,158,000
1,158,000
1,158,000
1,158,000
1,158,000
962,044
962,044
962,044
962,044
962,044
1,924
1,924
1,924
1,924
1,924
500
500
500
500
500
Growth (%)
37,500
12,500
1,003,458
6.19%
50,000
22.31%
939,470
27.15%
Liabilities
62,500
29,416
26,606
29,416
24,551
21,197
23,415
18,302
Total Equity
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-09
15.82%
8.37%
10.56%
Dec-10
Dec-11
Dec-12
Dec-13
11,414
5,413
14.31%
Growth (%)
Cost of Revenues
15.82%
11.12%
17.06%
13.07%
-588
2009
2010
2011
2012
2013
Gross Profit
7,165,516
8,865,587 10,129,368
9,184,722 10,873,858
Expenses (Income)
1,958,679
3,007,726
3,514,397
3,159,041
418,214
Operating Profit
5,206,837
5,857,861
6,614,971
6,025,681
6,691,722
12.50%
12.92%
-8.91%
11.05%
-226,565
-495,035
-755,518
Growth (%)
49,029
41,884
44,128
-378,084
4,828,213
5,631,296
6,614,971
5,530,646
5,936,204
Tax
1,342,312
1,416,507
1,656,869
-1,461,935
1,552,272
3,485,901
4,214,789
4,958,102
4,068,711
4,383,932
20.91%
17.64%
-17.94%
7.75%
Growth (%)
37,692
32,973
32,819
21,510
10,200
Period Attributable
3,485,901
4,146,282
4,894,057
4,013,758
4,328,736
Comprehensive Income
3,455,702
4,214,789
4,958,102
4,068,711
4,383,932
4,146,282
4,894,057
4,013,758
4,328,736
Comprehensive Attributable
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
246.00
270.08
224.48
217.02
172.21
Dividend (Rp)
650.00
880.00
1,000.00
800.00
EPS (Rp)
1,811.72
2,154.93
2,543.57
2,086.06
2,249.76
BV (Rp)
9,511.80
11,016.73
12,759.77
13,827.70
15,288.42
DAR (X)
0.32
0.31
0.37
0.36
0.42
DER(X)
0.48
0.44
0.59
0.56
0.73
ROA (%)
12.80
13.71
12.68
9.80
8.63
ROE (%)
19.05
19.88
20.20
15.29
14.90
GPM (%)
21.73
23.52
24.18
18.73
19.61
OPM (%)
15.79
15.54
15.79
12.29
12.07
NPM (%)
10.57
11.18
11.84
8.30
7.91
35.88
40.84
39.31
38.35
3.02
2.20
1.61
1.42
RATIOS
-1,109
2009
2010
2011
2012
2013
4,215
3,947
4,069
4,384
3,486
2,935
Yield (%)
1,924
912
-99
2009
2010
2011
2012
2013
73
COMPANY REPORT
HRUM
HARUM ENERGY TBK.
Company Profile
PT Harum Energy Tbk. was originally established as PT Asia Antrasit dated October 12th,
1995.
The scope of its business activities are mainly to engage in mining, trading and services
industries. Currently, the main business activities of the Company are operating and
investing in coal mining, trading and services industries through its subsidiaries. The
Companystarteditscommercialoperationsin2007.TheCompanyanditssubsidiarieshad
995employeesinDecember31th,2013.
PT Harum Energy Tbk. is one of the leading thermal coal producers in Indonesia with
integratedminingoperationsinEastKalimantan.Throughitssubsidiariesandjointventure
company,theCompanyoperatesthreecoalminesandatugandbargeoperation.
The Company markets its coal to a diversified group of customers in various Asian
countries, such as Japan, South Korea, Taiwan, China and India, under both multiyear
contracts as well as spot contracts. The Company's customers include large coalfired
powergeneratingandmanufacturingcompanieslocatedthroughoutAsia.
TheCompanyhasownershipinterestdirectlyorindirectly,inthefollowingsubsidiaries:
PTMahakamSumberJaya,
PTLayarLintasJaya,
HarumEnergyAustraliaLtd.,
PTTambangBatubaraHarum,
HarumEnergyCapitalLtd.,
PTKaryaUsahaPertiwi.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the
publisher or of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the
publication it should not be by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or
otherwise responsible in anyway for any advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
74
As of 30 January 2014
Main Board
Industry Sector : Mining (2)
Industry Sub Sector : Coal Mining (21)
Individual Index
:
Listed Shares
:
Market Capitalization :
46.058
2,703,620,000
6,475,169,900,000
COMPANY HISTORY
Established Date
: 12-Oct-1995
Listing Date
: 06-Oct-2010
Under Writer IPO :
PT Ciptadana Securities
PT Mandiri Sekuritas
Securities Administration Bureau :
PT Datindo Entrycom
Wisma Sudirman - Puri Datindo
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220
Phone : (021) 570-9009
Fax
: (021) 570-9026
BOARD OF COMMISSIONERS
1. Lawrence Barki
2. Agus Rajani Panjaitan *)
3. Budi Rahardja
4. Sony Budi Harsono *)
5. Yun Mulyana
*) Independent Commissioners
BOARD OF DIRECTORS
1. Ray Antonio Gunara
2. David John Heap
3. Eddy Sumarsono
4. Kenneth Scott Andrew Thompson
1,909,458,500 :
794,161,500 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
2010
2011
2012
Shares
Dividend
244.10
380.00
252.00
Cum Date
30-May-11
08-Jun-12
14-Jun-13
Ex Date
31-May-11
11-Jun-12
17-Jun-13
Recording
Date
03-Jun-11
13-Jun-12
19-Jun-13
70.63%
29.37%
Payment
Date
17-Jun-11
22-Jun-12
13-Jul-13
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Type of Listing
First Issue
Founder Divestment
Over Allotment
Company Listing
EMSOP I
EMSOP I
EMSOP I
EMSOP I
EMSOP I
EMSOP I
EMSOP I
Shares
200,000,000
300,000,000
50,000,000
2,150,000,000
67,500
32,500
100,000
700,000
2,195,000
450,000
75,000
Listing
Date
06-Oct-10
06-Oct-10
06-Oct-10
06-Oct-10
29-Dec-11
05-Jan-12
06-Jan-12
11-Jan-12
17-Jan-12
18-Jan-12
09-Jan-13
Trading
Date
06-Oct-10
06-Oct-10
06-Oct-10
06-Oct-10
29-Dec-11
05-Jan-12
06-Jan-12
11-Jan-12
17-Jan-12
18-Jan-12
09-Jan-13
AUDIT COMMITTEE
1. Agus Rajani Panjaitan
2. Simon Halim
3. Sony Budi Harsono
CORPORATE SECRETARY
Alexandra Mira Sukmawati
HEAD OFFICE
Jln. Alaydrus No. 80
Jakarta Pusat - 10130
Phone : (021) 634-5222
Fax
: (021) 634-5221
Homepage
Email
F/I
: www.harumenergy.com
: corsec@harumenergy.com
75
Volume
(Mill. Sh)
12,000
480
10,500
420
9,000
360
7,500
300
6,000
240
4,500
180
3,000
120
1,500
60
Oct-10
Oct-11
Oct-12
Oct-13
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Oct-10
Nov-10
Dec-10
High
6,250
7,500
9,300
Low
5,200
5,700
6,700
Close
5,850
6,800
9,000
(X)
13,106
14,074
9,938
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
9,900
8,850
9,200
9,650
9,600
9,800
10,700
9,950
8,950
8,500
8,400
7,600
7,850
7,800
8,000
8,800
9,000
8,900
9,400
7,400
6,300
5,900
6,700
6,600
7,950
8,250
8,950
9,600
9,150
9,550
9,700
7,750
7,100
7,850
6,700
6,850
16,665
12,047
16,155
10,989
10,224
10,455
11,670
24,480
23,986
24,421
19,886
18,064
167,756
90,045
125,252
94,679
371,793
124,702
104,088
215,394
208,796
236,783
187,053
174,210
1,522,888
750,518
1,106,944
875,894
3,386,010
1,165,277
1,037,826
1,846,874
1,600,802
1,717,275
1,414,934
1,216,834
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
7,650
9,000
8,850
8,450
7,400
6,150
6,350
6,350
6,500
5,950
5,550
6,250
6,750
7,450
7,900
7,100
6,000
5,100
5,500
5,500
5,800
5,300
4,950
4,875
7,600
8,800
8,150
7,150
6,100
5,700
5,650
5,850
5,900
5,400
5,000
6,000
13,157
14,546
13,495
20,900
24,298
27,831
22,986
12,096
14,366
12,203
8,090
16,661
133,467
176,333
127,098
185,916
195,195
250,729
199,620
155,985
174,280
100,626
74,548
179,121
972,512
1,459,716
1,057,144
1,434,320
1,310,667
1,425,599
1,177,473
930,617
1,075,603
561,569
395,433
1,007,799
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
6,700
6,250
5,550
5,150
4,500
4,175
3,375
3,300
3,825
3,325
3,700
3,400
5,900
5,400
4,800
4,100
3,725
3,025
2,600
2,350
2,650
2,650
3,150
2,675
6,000
5,500
4,800
4,150
3,925
3,025
2,600
3,225
2,700
3,150
3,300
2,750
17,532
11,483
18,018
16,550
21,482
23,240
17,348
17,505
22,920
19,067
14,639
15,058
122,383
87,239
174,275
154,557
178,916
122,349
133,089
184,011
194,350
194,409
174,952
127,409
767,026
511,082
903,433
741,992
720,133
437,137
393,305
521,635
646,763
594,262
610,100
405,756
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
2,850
2,285
2,395
31,736
179,606
448,012
20
18
21
20
60%
40%
22.6%
20%
-20%
-40%
-50.8%
-56.1%
-60%
Oct 10
Oct 11
Oct 12
Oct 13
2010
2011
2012
1,096
6,602
37
59
2,101
17,642
199
247
1,953
12,808
201
246
1,848
7,253
215
244
180
448
32
20
Price (Rupiah)
High
Low
Close
Close*
9,300
5,200
9,000
9,000
10,700
5,900
6,850
6,850
9,000
4,875
6,000
6,000
6,700
2,350
2,750
2,750
2,850
2,285
2,395
2,395
10.82
16.17
5.20
12.02
8.49
4.07
13.23
19.30
1.62
11.52
13.24
1.41
SHARES TRADED
29.49
PER (X)
17.69
PER Industry (X)
10.57
PBV (X)
* Adjusted price after corporate action
76
2013 Jan-14
Public Accountant : Osman Bing Satrio & Eny (Member of Deloitte Touche Tohmatsu Limited)
BALANCE SHEET
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
1,029,592
1,660,807
1,569,658
2,225,266
Assets
468,947
572,505
659,863
656,824
Inventories
296,910
626,515
985,392
346,558
Current Assets
1,808,378
2,866,473
3,245,066
3,492,764
Fixed Assets
1,011,109
1,077,768
1,185,287
1,423,950
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
5,000
3,750
15,134
18,274
23,877
21,713
3,470,174
4,645,148
5,208,642
5,897,221
33.86%
12.13%
13.22%
1,250
866,081
1,070,554
1,036,181
1,011,515
59,203
17,613
27,518
39,355
925,284
1,088,167
1,063,699
1,050,871
17.60%
-2.25%
-1.21%
1,000,000
1,000,000
1,000,000
1,000,000
270,000
270,000
279,235
270,362
2,700
2,700
2,792
2,704
100
100
100
100
974,086
1,779,263
2,046,655
2,253,014
2,298,506
3,556,981
4,144,943
4,846,351
54.75%
16.53%
16.92%
Dec-11
Dec-12
Dec-13
Growth (%)
Growth (%)
Liabilities
6,250
2,500
2010
2011
2012
2013
4,846
4,846
4,145
2,869
Total Equity
Growth (%)
INCOME STATEMENTS
Dec-09
Dec-10
4,486,422
Total Revenues
38.27%
1.81%
Cost of Revenues
2,909,766
4,322,420
7,004,135
8,116,717
Gross Profit
1,576,656
2,974,211
3,084,587
2,154,251
433,900
655,876
1,024,783
1,380,332
1,142,756
Expenses (Income)
Operating Profit
2,299
1,880
892
62.64%
Growth (%)
3,557
3,858
-97
2010
2011
2012
2013
10,271
2012
2013
10,271
Growth (%)
7,297
8,176
-47,311
1,227,359
2,318,335
2,059,804
773,919
Tax
246,153
539,351
496,454
165,572
981,206
1,778,984
1,563,350
608,348
81.31%
-12.12%
-61.09%
Growth (%)
6,080
4,486
3,985
1,890
Period Attributable
Comprehensive Income
Comprehensive Attributable
1,464,247
1,272,754
513,475
1,709,316
1,511,063
531,148
899,360
1,394,579
1,221,303
435,580
Dec-10
Dec-11
Dec-12
Dec-13
208.80
267.76
313.18
345.30
Dividend (Rp)
244.10
380.00
252.00
EPS (Rp)
305.16
542.31
455.80
189.92
BV (Rp)
851.30
1,317.40
1,484.39
1,792.54
DAR (X)
0.27
0.23
0.20
0.18
DER(X)
0.40
0.31
0.26
0.22
ROA (%)
28.28
38.30
30.01
10.32
ROE (%)
42.69
50.01
37.72
12.55
GPM (%)
35.14
40.76
30.57
20.97
OPM (%)
25.47
NPM (%)
21.87
24.38
15.50
5.92
79.99
70.07
55.29
2.71
5.55
4.20
RATIOS
Dec-09
823,940
1,056,626
-205
2010
2011
1,563
1,416
981
1,053
Yield (%)
608
690
327
-36
2010
2011
2012
2013
77
COMPANY REPORT
ICBP
INDOFOOD CBP SUKSES MAKMUR TBK.
Company Profile
PT Indofood CBP Sukses Makmur Tbk. was established in the Republic of Indonesia on
September2nd,2009.
The Company was the result of the spinoff of the Noodle Division and Food Ingredients
DivisionofPTIndofoodSuksesMakmurTbk.,thecontrollingshareholderoftheCompany,
andstartedtocarryouttherelatedbusinessoperationsonOctober1st,2009.
The Companys head office is located in Jakarta, while the Company and its Subsidiaries
factories are located in various locations in Java, Sumatera, Kalimantan, Sulawesi Islands
andMalaysia.
Thescopeofitsactivitiescomprises,amongothers,themanufactureofnoodlesandfood
ingredients,culinaryfoodproducts,biscuits,snacks,nutritionandspecialfoods,packaging,
trading,transportation,warehousingandcoldstorage,managementservices,andresearch
anddevelopment.
TheCompanyisanestablishedmarketleadingproducerofpackagedfoodproductswitha
diverse range of products providing everyday food solutions for consumers of all ages.
ManyofitsproductsbrandsareamongthestrongestbrandswithsignificantTopofMind
status in Indonesia and have gained the trust and loyalty of millions of consumers in
Indonesiafordecades.
TheCompanyhasdirectshareownershipsinthefollowingsubsidiaries:
DraytonPte.Ltd.,
Indofood(M)FoodIndustriesSdn.Bhd.,
PTSuryaRengoContainers,
PTIndofoodFritolayMakmur,
PTIndofoodAsahiSuksesBeverage,
PTIndofoodTsukishimaSuksesMakmur.
ThelongterminvestmentintheassociatedentityisPTNestleIndofoodCitarasaIndonesia
and PT Asahi Indofood Beverage Makmur. As of December 31st, 2013, the Group had
27,831employees.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the
publisher or of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the
publication it should not be by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or
otherwise responsible in anyway for any advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
78
As of 30 January 2014
Main Board
Industry Sector : Consumer Goods Industry (5)
Industry Sub Sector : Food And Beverages (51)
Individual Index
:
Listed Shares
:
Market Capitalization :
203.892
5,830,954,000
64,140,494,000,000
COMPANY HISTORY
Established Date
: 02-Sep-2009
Listing Date
: 07-Oct-2010
Under Writer IPO :
PT Kim Eng Securities
PT Credit Suisse Securities Indonesia
PT Deutsche Securities Indonesia
PT Mandiri Sekuritas
Securities Administration Bureau :
PT Raya Saham Registra
Plaza Central Building 2nd Fl.
Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930
Phone : (021) 252-5666
Fax
: (021) 252-5028
4,664,763,000 :
1,166,191,000 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
2010
2011
Shares
Dividend
116.00
169.00
Cum Date
21-Jun-11
13-Jul-12
Ex Date
22-Jun-11
16-Jul-12
Recording
Date
24-Jun-11
18-Jul-12
80.00%
20.00%
Payment
F/I
Date
07-Jul-11 F
31-Jul-12 F
ISSUED HISTORY
No. Type of Listing
1. First Issue
2. Company Listing
Shares
1,166,191,000
4,664,763,000
Listing
Date
07-Oct-10
07-Oct-10
Trading
Date
07-Oct-10
07-Apr-11
BOARD OF COMMISSIONERS
1. Benny Setiawan Santoso
2. Adi Pranoto Leman *)
3. Alamsyah
4. F.G. Winarno *)
5. Franciscus Welirang
6. Moleonoto
7. Wahjudi Prakarsa *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Anthoni Salim
2. Axton Salim
3. Hendra Widjaja
4. Suaimi Suriady
5. Sulianto Pratama
6. Taufik Wiraatmadja
7. Tjhie Tje Fie
8. Werianty Setiawan
9. Yungky Setiawan
AUDIT COMMITTEE
1. Adi Pranoto Leman
2. Timotius
3. Wahjudi Prakarsa
CORPORATE SECRETARY
Elly Putranti
HEAD OFFICE
Sudirman Plaza, Indofood Tower 25th Fl.
Jln. Jend. Sudirman Kav. 76 - 78
Jakarta - 12910
Phone : (021) 5795-8822
Fax
: (021) 5793-7373
Homepage
Email
: www.indofoodcbp.com
: elly.putranti@icbp.indofood.co.id
79
TRADING ACTIVITIES
Volume
(Mill. Sh)
14,000
320
12,250
280
10,500
240
8,750
200
7,000
160
5,250
120
3,500
80
1,750
40
Oct-10
Oct-11
Oct-12
Oct-13
Closing Price
Freq.
Volume
Value
Day
Month
Oct-10
Nov-10
Dec-10
High
6,200
5,750
5,200
Low
5,150
5,000
4,400
Close
5,700
5,100
4,675
(X)
18,244
12,136
19,178
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
5,150
4,675
5,300
5,450
5,400
5,450
5,800
6,000
5,600
5,750
5,300
5,250
4,350
4,300
4,600
5,100
5,050
4,925
5,400
5,300
3,800
4,650
4,875
4,875
4,575
4,575
5,300
5,400
5,050
5,400
5,800
5,300
4,925
5,300
5,150
5,200
15,091
7,386
8,462
5,234
4,707
4,174
5,994
7,456
11,353
5,355
5,991
3,224
248,406
120,754
167,772
109,382
108,877
81,379
118,404
128,240
159,002
53,012
89,997
44,489
1,177,703
540,317
824,126
584,014
569,475
418,328
673,478
727,782
800,880
279,275
458,703
224,012
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
5,350
5,650
5,700
5,650
5,900
5,850
6,850
6,850
6,650
7,750
7,550
8,300
4,975
5,050
5,150
5,000
5,400
5,400
5,700
6,400
6,150
6,300
6,900
7,300
5,100
5,650
5,450
5,650
5,650
5,750
6,600
6,550
6,350
7,150
7,400
7,800
4,570
5,499
6,691
5,021
4,606
3,477
8,760
5,188
7,021
9,940
5,982
6,712
86,150
86,833
70,684
89,511
82,359
49,711
144,591
58,263
67,678
111,373
74,371
68,335
439,212
470,009
380,098
468,937
472,137
282,356
897,445
385,634
431,645
787,349
536,371
532,860
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
8,421
7,470
13,589
23,016
35,135
26,910
20,502
15,325
19,020
15,121
19,144
12,888
69,143
78,410
108,935
106,833
183,672
111,166
81,983
68,204
91,623
73,454
71,526
36,835
552,825
638,909
974,749
1,118,431
2,300,353
1,270,060
913,934
680,778
932,990
805,810
740,344
368,146
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
11,700
31,608
68,488
734,990
20
17
21
20
100%
84.9%
75%
57.2%
50%
25%
23.2%
-25%
-50%
Oct 10
Oct 11
Oct 12
Oct 13
2010
2011
2012
1,241
6,661
50
58
1,430
7,278
84
247
990
6,084
73
246
1,082
11,297
217
244
68
735
32
20
Price (Rupiah)
High
Low
Close
Close*
6,200
4,400
4,675
4,675
6,000
3,800
5,200
5,200
8,300
4,975
7,800
7,800
13,400
7,600
10,200
10,200
11,700
9,900
11,000
11,000
14.69
16.22
2.83
19.88
19.75
3.79
24.06
19.15
4.62
25.94
23.95
4.98
SHARES TRADED
16.00
PER (X)
16.41
PER Industry (X)
3.06
PBV (X)
* Adjusted price after corporate action
80
2013 Jan-14
9,900 11,000
Public Accountant : Purwantono, Suherman & Surja (Member of Ernst & Young Global Limited)
Dec-10
Dec-11
Dec-12
Dec-13
3,407,687
4,420,644
5,484,318
5,526,173
Receivables
2,026,249
2,378,402
2,328,181
2,549,415
Inventories
1,422,466
1,629,883
1,812,887
2,868,722
Current Assets
7,017,835
8,580,311
9,888,440 11,321,715
Fixed Assets
2,304,588
2,590,036
3,839,756
4,844,407
136,855
169,718
888,529
BALANCE SHEET
Dec-09
Assets
Other Assets
Total Assets
Growth (%)
13,500
9,000
16.62%
19.79%
4,500
-
2,701,200
2,988,540
3,579,487
4,696,583
1,297,932
1,524,544
2,187,195
3,305,156
Total Liabilities
3,999,132
4,513,084
5,766,682
8,001,739
12.85%
27.78%
38.76%
Growth (%)
18,000
13.93%
Current Liabilities
Liabilities
22,500
2010
2011
2012
2013
750,000
750,000
750,000
750,000
Paid up Capital
583,095
583,095
583,095
583,095
5,831
5,831
5,831
5,831
100
100
100
100
Retained Earnings
2,344,832
3,643,786
4,837,947
5,978,662
Total Equity
13,266
11,987
10,710
10,560
8,920
7,853
Growth (%)
INCOME STATEMENTS
Dec-09
Dec-10
20.07%
11.92%
10.67%
Dec-11
Dec-12
Dec-13
5,147
2,441
Total Revenues
7.83%
Growth (%)
11.40%
16.31%
-265
2010
2011
2012
2013
Cost of Revenues
Gross Profit
4,966,903
5,031,259
5,778,609
6,425,691
Expenses (Income)
2,322,011
2,423,258
-2,936,549
3,653,767
Operating Profit
2,644,892
2,608,001
2,842,060
2,771,924
-1.39%
8.97%
-2.47%
Growth (%)
21,575
19,975
-125,750
136,909
185,130
195,066
2,519,142
2,744,910
3,027,190
2,966,990
666,913
678,545
-744,819
733,699
1,827,909
2,066,365
2,282,371
2,235,040
13.05%
10.45%
-2.07%
Growth (%)
17,960
19,367
14,856
9,737
4,617
Period Attributable
1,704,047
1,975,345
2,179,592
2,225,272
Comprehensive Income
1,836,872
2,064,049
2,287,242
2,286,639
Comprehensive Attributable
1,710,197
1,973,683
2,183,205
2,260,929
Dec-10
Dec-11
Dec-12
Dec-13
259.80
287.11
276.25
241.06
Dividend (Rp)
116.00
169.00
RATIOS
Dec-09
292.24
338.77
373.80
381.63
BV (Rp)
1,529.69
1,836.71
2,055.72
2,275.05
DAR (X)
0.30
0.30
0.32
0.38
DER(X)
0.45
0.42
0.48
0.60
ROA (%)
13.68
13.57
12.86
10.51
ROE (%)
20.49
19.29
19.04
16.85
GPM (%)
27.66
25.98
26.78
25.61
OPM (%)
14.73
13.47
13.17
11.05
NPM (%)
10.18
10.67
10.58
8.91
39.69
49.89
2.48
3.25
EPS (Rp)
-502
2010
2011
2012
2013
2,235
2012
2013
2,066
2,282
1,828
1,817
1,351
Yield (%)
886
420
-46
2010
2011
81
COMPANY REPORT
INDF
INDOFOOD SUKSES MAKMUR TBK.
Company Profile
Over a number of decades PT Indofood Sukses Makmur Tbk. (Indofood) has been progressively
transformed to become a Total Food Solutions company with operations in all stages of food
manufacturing from the production of raw materials and their processing through to consumer
productsinthemarket.Today,itisrenownedasawellestablishedcompanyandaleadingplayerin
eachcategoryofbusinessinwhichitoperates.Initsbusinessoperations,Indofoodcapitalizesonits
resilientbusinessmodelwithfourcomplementaryStrategicBusinessGroups(Goup),namely:
ConsumerBrandedProducts(CBP).ItsbusinessactivitiesareconductedbyPTIndofood
CBPSuksesMakmurTbk(ICBP),whichwaslistedontheIndonesiaStockExchange(IDX)
on7October2010.ICBPisoneoftheleadingpackagedfoodproducersinIndonesia,witha
wide range of packaged food products. ICBP product brands are among the strongest
brandswiththemostsignificantmindshareinIndonesiaforconsumerfoodbrands.
Bogasari,primarilyaproducerofwheatflouraswellaspasta.Itsbusinessoperationsare
supportedbyshippingandpackagingunits.
Agribusiness.TheGroupisledbyIndofoodAgriResourcesLtd.(IndoAgri),listedonthe
Singapore Stock Exchange. Both of IndoAgris subsidiaries, PT Salim Ivomas Pratama Tbk
(SIMP),andPTPerusahaanPerkebunanLondonSumatraIndonesiaTbk(Lonsum),are
listed on the IDX. The Groups principal business activities range from research and
development,seedbreeding,oilpalmcultivationandmilling;aswellastheproductionand
marketingofbrandedcookingoils,margarineandshortening.Inaddition,theGroupisalso
involvedinthecultivationandprocessingofrubberandsugarcaneaswellasothercrops.
Distribution, which boasts the most extensive distribution network in Indonesia. It
distributes the majority of Indofoods and its subsidiaries consumer products as well as
thirdpartyproducts.
AsofDecember31st,2013,theCompanyanditsSubsidiarieshadatotalof84,871employees.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the
publisher or of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the
publication it should not be by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or
otherwise responsible in anyway for any advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
82
As of 30 January 2014
Main Board
Industry Sector : Consumer Goods Industry (5)
Industry Sub Sector : Food And Beverages (51)
Individual Index
:
Listed Shares
:
Market Capitalization :
1,193.957
8,780,426,500
61,243,474,837,500
COMPANY HISTORY
Established Date
: 14-Aug-1990
Listing Date
: 14-Jul-1994
Under Writer IPO :
PT Merincorp
Securities Administration Bureau :
PT Raya Saham Registra
Plaza Central Building 2nd Fl.
Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930
Phone : (021) 252-5666
Fax
: (021) 252-5028
BOARD OF COMMISSIONERS
1. Manuel Valez Pangilinan
2. Benny Setiawan Santoso
3. Edward Anthony Tortorici
4. Graham Leigh Pickles
5. Hans Kartikahadi *)
6. Robert Charles Nicholson
7. Torstein Stephansen *)
8. Utomo Josodirdjo *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Anthoni Salim
2. Axton Salim
3. Darmawan Sarsito (Kevin Sietho)
4. Franciscus Welirang
5. Joseph Bataona
6. Moleonoto (Paulus Moleonoto)
7. Taufik Wiraatmadja
8. Tjhie Tje Fie (Thomas Tjhie)
9. Werianty Setiawan
4,394,603,450 :
4,385,823,050 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
1994
1995
1996
2000
2001
2002
2003
2005
2005
2006
2007
2008
2009
2010
2011
2012
Shares
Dividend
58.00
80.00
47.00
18.00
25.00
28.00
28.00
17.50
5.00
31.00
43.00
47.00
93.00
133.00
175.00
185.00
Cum Date
21-Jul-95
11-Jul-96
10-Jul-97
11-Jul-01
09-Jul-02
17-Jul-03
15-Jul-04
26-Aug-05
20-Jul-06
27-Jul-07
12-Aug-08
02-Jul-09
19-Jul-10
26-Jul-11
17-Jul-12
17-Jul-13
Recording
Date
01-Aug-95
22-Jul-96
22-Jul-97
17-Jul-01
15-Jul-02
22-Jul-03
20-Jul-04
31-Aug-05
25-Jul-06
01-Aug-07
15-Aug-08
07-Jul-09
22-Jul-10
29-Jul-11
20-Jul-12
22-Jul-13
Ex Date
24-Jul-95
12-Jul-96
11-Jul-97
12-Jul-01
10-Jul-02
18-Jul-03
16-Jul-04
29-Aug-05
21-Jul-06
30-Jul-07
13-Aug-08
03-Jul-09
20-Jul-10
27-Jul-11
18-Jul-12
18-Jul-13
50.05%
49.95%
Payment
Date
31-Aug-95
21-Aug-96
22-Aug-97
31-Jul-01
29-Jul-02
05-Aug-03
02-Aug-04
15-Sep-05
08-Aug-06
15-Aug-07
27-Aug-08
22-Jul-09
05-Aug-10
09-Aug-11
03-Aug-12
02-Aug-13
F
F
F
F
F
F
F
F
F
F
F
F
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
Type of Listing
First Issue
Founders Shares
Stock Split
Right Issue
Option Conversion
Option III Conversion
Buy Back
Shares
21,000,000
742,000,000
8,087,800,000
305,200,000
287,269,500
919,500
-663,762,500
T:
T:
T:
T:
Listing
Date
14-Jul-94
14-Jul-94
12-Aug-96
24-Apr-97
07-May-02
06-Feb-04
28-Oct-08
:
:
:
:
Trading
Date
14-Jul-94
08-Feb-95
29-Sep-00
24-Apr-97
12-Jun-03
24-May-04
28-Oct-08
AUDIT COMMITTEE
1. Hans Kartikahadi
2. Hendra Susanto
3. Timotius
CORPORATE SECRETARY
Werianty Setiawan
HEAD OFFICE
Sudirman Plaza, Indofood Tower 27th Fl.
Jln. Jend. Sudirman Kav. 76 - 78
Jakarta - 12190
Phone : (021) 5795-8822
Fax
: (021) 5793-7373
Homepage
Email
F/I
: www.indofood.com
: werianty@indofood.co.id
83
Volume
(Mill. Sh)
8,000
160
7,000
140
6,000
120
5,000
100
4,000
80
3,000
60
2,000
40
1,000
20
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
175%
140%
105%
89.8%
70%
71.6%
35%
-35%
Jan 10
Jan 11
SHARES TRADED
Volume (Million Sh.)
Value (Billion Rp)
Frequency (Thou. X)
Days
Price (Rupiah)
High
Low
Close
Close*
Jan 12
Jan 14
2010
2011
2012
6,114
26,422
364
245
3,845
20,321
335
247
3,371
17,526
274
246
3,207
21,844
359
244
194
1,340
39
20
5,800
3,300
4,875
4,875
6,800
4,150
4,600
4,600
6,200
4,400
5,850
5,850
8,000
5,350
6,600
6,600
7,350
6,550
6,975
6,975
8.05
16.22
1.28
10.54
19.75
1.50
22.61
19.15
1.50
23.90
23.95
1.59
14.50
PER (X)
16.41
PER Industry (X)
2.55
PBV (X)
* Adjusted price after corporate action
84
Jan 13
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
3,900
3,950
4,225
3,950
3,950
4,225
4,725
4,850
5,800
5,700
5,200
4,975
Low
3,400
3,375
3,700
3,700
3,300
3,475
4,100
4,100
4,450
4,800
4,525
4,425
Close
3,600
3,800
3,775
3,900
3,650
4,150
4,625
4,550
5,450
5,200
4,575
4,875
(X)
19,155
16,258
22,401
26,928
33,032
22,744
20,043
53,114
40,387
50,506
29,814
29,244
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
5,100
4,900
5,450
5,700
5,750
5,850
6,500
6,800
6,250
5,750
5,250
4,875
4,300
4,550
4,750
5,200
5,250
5,150
5,700
5,850
4,150
4,575
4,600
4,500
4,700
4,750
5,400
5,550
5,400
5,750
6,350
6,100
5,050
5,250
4,700
4,600
29,796
15,394
27,762
17,178
18,291
19,672
22,022
34,598
51,427
36,536
38,862
23,694
364,749
180,015
313,582
212,478
270,736
268,060
267,156
378,704
588,035
388,580
371,421
241,411
1,725,256
853,054
1,581,400
1,161,362
1,497,017
1,463,174
1,590,534
2,396,653
3,052,287
2,046,847
1,822,817
1,130,332
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
4,975
5,150
5,200
4,900
4,900
4,875
5,650
5,500
5,650
6,200
5,900
6,200
4,600
4,800
4,750
4,575
4,625
4,400
4,825
5,100
5,300
5,550
5,500
5,450
4,800
5,100
4,850
4,850
4,725
4,850
5,400
5,400
5,650
5,700
5,850
5,850
25,256
26,576
24,300
27,216
22,748
18,225
31,601
18,695
19,243
18,532
17,512
24,477
255,981
299,674
263,089
372,042
270,366
207,237
412,934
231,332
239,535
354,341
227,499
236,709
1,232,987
1,482,914
1,293,314
1,763,910
1,297,395
984,904
2,195,788
1,238,115
1,304,306
2,056,934
1,300,727
1,375,205
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
6,200
7,300
8,000
7,600
7,850
7,450
7,400
7,050
7,200
7,450
6,850
6,850
5,750
5,950
7,100
7,200
7,000
6,150
6,450
5,350
5,750
6,600
6,200
6,250
6,050
7,300
7,450
7,350
7,350
7,350
6,500
6,500
7,050
6,650
6,650
6,600
28,192
28,087
30,888
19,978
31,881
38,863
30,651
28,933
33,670
33,020
31,088
23,609
381,477
302,233
288,028
246,584
370,021
314,861
217,023
192,419
233,737
303,938
195,086
161,902
2,293,129
1,969,793
2,147,746
1,832,014
2,741,321
2,148,930
1,503,617
1,192,526
1,537,090
2,126,484
1,283,220
1,067,696
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
7,350
6,550
6,975
39,285
194,431
1,339,609
20
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Purwantono, Suherman & Surja (Member of Ernst & Young Global Limited)
BALANCE SHEET
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
Assets
Receivables
2,296,474
2,686,273
3,669,305
3,485,461
4,959,416
Inventories
5,117,484
5,644,141
6,536,343
7,782,594
8,160,539
Current Assets
Fixed Assets
Other Assets
Total Assets
2,044,473
1,133,994
1,216,694
2,748,446
17.07%
Growth (%)
13.35%
10.71%
52,500
35,000
17,500
11,158,962
13,727,819 12,563,999
Total Liabilities
2009
-9.90%
-2.00%
14.59%
57.73%
3,000,000
3,000,000
3,000,000
3,000,000
3,000,000
878,043
878,043
878,043
878,043
878,043
8,780
8,780
8,780
8,780
8,780
100
100
100
100
100
Growth (%)
70,000
31.64%
Current Liabilities
Liabilities
87,500
2010
2011
2012
2013
6,991,568
38,373
38,373
34,143
31,610
30,545
Total Equity
Growth (%)
INCOME STATEMENTS
Total Revenues
65.28%
88.33%
8.01%
12.39%
Dec-10
Dec-11
Dec-12
Dec-13
16,785
14,889
10,155
Dec-09
7,061
3.40%
Growth (%)
18.04%
10.43%
15.33%
Cost of Revenues
Gross Profit
Expenses (Income)
5,117,737
5,741,141
5,732,047
-6,695,501
7,611,873
Operating Profit
5,004,209
6,729,311
6,851,019
6,870,594
6,717,981
34.47%
1.81%
0.29%
-2.22%
-767
2009
2010
2011
2012
2013
Growth (%)
50,059
45,332
45,955
-940,396
-1,296,936
-498,630
-560,838
4,063,813
5,432,375
6,352,389
6,309,756
4,666,958
Tax
1,207,032
1,497,567
1,460,716
-1,530,310
1,252,072
2,856,781
3,934,808
4,891,673
4,779,446
3,416,635
37.74%
24.32%
-2.29%
-28.51%
Growth (%)
-2,051,023
37,141
38,403
2009
2010
34,177
22,400
10,623
Period Attributable
2,075,861
2,952,858
3,077,180
3,261,176
2,503,841
Comprehensive Income
2,726,309
4,016,793
5,017,425
4,871,745
5,161,247
Comprehensive Attributable
1,946,495
3,029,667
3,203,898
3,346,600
4,011,240
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
116.09
203.65
190.95
200.32
166.73
93.00
133.00
175.00
185.00
RATIOS
Current Ratio (%)
Dividend (Rp)
236.42
336.30
350.46
371.41
285.16
BV (Rp)
1,156.61
1,911.60
3,600.08
3,888.50
4,370.30
DAR (X)
0.62
0.47
0.41
0.42
0.51
DER(X)
2.45
1.34
0.70
0.74
1.04
EPS (Rp)
-1,155
2011
2012
2013
4,779
4,892
3,935
3,417
3,894
2,857
2,896
ROA (%)
7.07
8.32
9.13
8.06
4.38
ROE (%)
28.13
23.44
15.47
14.00
8.90
GPM (%)
27.25
32.47
27.76
27.10
24.82
OPM (%)
13.47
17.52
15.11
13.72
11.64
NPM (%)
7.69
10.25
10.79
9.55
5.92
39.34
39.55
49.93
49.81
2.62
2.73
3.80
3.16
1,898
900
-98
2009
2010
2011
2012
2013
85
C
CO
OM
MP
PA
AN
NY
Y R
RE
EP
PO
OR
R TT
INTP
INDOCEMENT TUNGGAL PRAKARSA TBK.
Company Profile
PT Indocement Tunggal Prakarsa Tbk. was incorporated on January 16th, 1985. The
Companystarteditscommercialoperationsin1985.
The scope of its activities comprises, among others, cement and building materials
manufacturing,mining,constructionandtrading.Currently,theCompanyandSubsidiaries
are involved in several businesses consisting of the manufacture and sale of cement (as
corebusiness)andreadymixconcrete,aggregatesandtrassquarrying.
TheCompanysheadofficeislocatedinJakartawhilethefactoriesarelocatedinCiteureup
WestJava,PalimananWestJava,andTarjunSouthKalimantan.
ThecementbusinessincludestheoperationsoftheCompanystwelve(12)plantslocated
inthreedifferentsites:nineattheCiteureupBogorsite,twoatthePalimananCirebon
siteandoneattheTarjunSouthKalimantansite.Themanufactureofreadymixconcrete,
cement distribution, and aggregates quarrying comprise the operations of most of the
CompanysSubsidiaries.
TheCompanyhasdirectownershipinsubsidiaries:
PTDianAbadiPerkasa,
PTGunungTuaMandiri,
PTIndomixPerkasa,
PTSariBhaktiSejati,
Indocement(CaymanIslands)Limited,and
PTLenteraAbadiSejahtera.
TheCompanyalsohasindirectownershipinsubsidiaries:
PTPionirbetonIndustri,
PTMandiriSejahteraSentra,
PTBahanaIndonor,
PTSahabatMuliaSakti,
PTMineralIndustriSukabumi,
PTMultiBangunGalaxy,and
PTBhaktiSariPerkasaAbadi.
As of December 31st, 2013, the Group had a total of 7,585 permanent employees
(unaudited).
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
86
As of 30 January 2014
Main Board
Industry Sector : Basic Industry And Chemicals (3)
Industry Sub Sector : Cement (31)
Individual Index
:
Listed Shares
:
Market Capitalization :
896.000
3,681,231,699
82,459,590,057,600
COMPANY HISTORY
Established Date
: 16-Jan-1985
Listing Date
: 05-Dec-1989
Under Writer IPO :
PT (Persero) Danareksa
PT Merchant Investment Corporation
PT Multicor
Bank Pembangunan Indonesia
Securities Administration Bureau :
PT Raya Saham Registra
Plaza Central Building 2nd Fl.
Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930
Phone : (021) 252-5666
Fax
: (021) 252-5028
BOARD OF COMMISSIONERS
1. Albert Scheuer
2. Bernhard Scheifele
3. Daniel Hugues Jules Gauthier
4. I Nyoman Tjager *)
5. Lorenz Naeger
6. Muhammad Jusuf Hamka *)
7. Tedy Djuhar *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Daniel Eugene Antoine Lavalle
2. Benny Setiawan Santoso
3. Christian Kartawijaya
4. Daniel Robert Fritz
5. Daniel Kundjono Adam
6. Fransiscus Welirang
7. Hasan Imer
8. Kuky Permana Kumalaputra
9. Ramakanta Bhattacharjee
10. Tju Lie Sukanto
AUDIT COMMITTEE
1. I Nyoman Tjager
2. Jusuf Halim
3. Lindawati Gani
1,877,480,863 :
479,735,234 :
1,324,015,602 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
1991
1991
1992
1993
1994
1994
1995
1995
1996
1997
2005
2006
2007
2008
2009
2010
2011
2012
Shares
Dividend
150.00
175.00
250.00
208.00
1:1
120.00
40.00
120.00
70.00
10 : 3
50.00
30.00
40.00
150.00
225.00
263.00
293.00
450.00
Cum Date
13-Feb-91
27-May-92
01-Jul-93
13-Jul-94
12-Aug-94
19-Jul-95
23-Aug-95
12-Jul-96
11-Jul-97
08-Sep-97
19-Jul-06
27-Jun-07
05-Jun-08
02-Jun-09
21-Jun-10
17-Jun-11
18-Jun-12
20-Jun-13
Recording
Date
21-Feb-91
05-Jun-92
09-Jul-93
21-Jul-94
23-Aug-94
28-Jul-95
01-Sep-95
23-Jul-96
23-Jul-97
17-Sep-97
24-Jul-06
02-Jul-07
10-Jun-08
05-Jun-09
24-Jun-10
22-Jun-11
21-Jun-12
25-Jun-13
Ex Date
14-Feb-91
29-May-92
02-Jul-93
14-Jul-94
15-Aug-94
20-Jul-95
24-Aug-95
15-Jul-96
14-Jul-97
09-Sep-97
20-Jul-06
28-Jun-07
06-Jun-08
03-Jun-09
22-Jun-10
20-Jun-11
19-Jun-12
21-Jun-13
51.00%
13.03%
35.97%
Payment
Date
15-Mar-91
18-Jun-92
10-Aug-93
15-Aug-94
23-Sep-94
25-Aug-95
29-Sep-95
21-Aug-96
21-Aug-97
30-Sep-97
07-Aug-06
16-Jul-07
24-Jun-08
19-Jun-09
07-Jul-10
07-Jul-11
05-Jul-12
09-Jul-13
I
F
F
F
F
I
F
F
F
F
I
F
F
F
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Type of Listing
First Issue
Koperasi
Founders Shares
Convertible Bonds
Bonus Shares
Company Listing
Stock Split
Additional Listing
Right Issue
Warrant
Shares
89,832,150
6,000,000
946,119
8,555,640
599,790,020
502,102,731
1,207,226,660
69,863,127
1,196,907,072
8,180
T:
T:
T:
T:
Listing
Date
05-Dec-89
26-Jun-92
07-Mar-94
07-Mar-94
12-Sep-94
12-Sep-94
02-Sep-96
09-Jan-01
24-Apr-01
12-May-03
:
:
:
:
Trading
Date
05-Dec-89
31-Dec-99
02-Sep-94
10-Nov-94
26-Sep-94
12-Sep-94
02-Sep-96
09-Jan-01
24-Apr-01
12-May-03
CORPORATE SECRETARY
Sahat Panggabean
HEAD OFFICE
Wisma Indocement 8th Fl.
Jln. Jend. Sudirman Kav. 70 - 71
Jakarta
Phone : (021) 251-0057, 570-3817
Fax
: (021) 570-1693, 251-0066
Homepage
Email
F/I
: www.indocement.com
: corpsec@indocement.co.id
sahat.panggabean@indocement.co.id
87
Volume
(Mill. Sh)
28,000
80.0
24,500
70.0
21,000
60.0
17,500
50.0
14,000
40.0
10,500
30.0
7,000
20.0
3,500
10.0
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
80%
71.6%
61.7%
60%
40%
20%
-20%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
2010
2011
2012
1,070
16,915
175
245
1,060
16,206
228
247
841
16,063
217
246
955
20,627
314
244
64
1,340
43
20
Price (Rupiah)
High
Low
Close
Close*
19,400
12,600
15,950
15,950
17,900
10,700
17,050
17,050
23,250
15,800
22,450
22,450
27,400
16,500
20,000
20,000
22,500
19,825
22,400
22,400
17.43
10.41
3.99
17.35
9.79
4.26
15.30
17.44
3.41
17.14
13.29
3.82
SHARES TRADED
18.21
PER (X)
12.86
PER Industry (X)
4.49
PBV (X)
* Adjusted price after corporate action
88
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
14,950
14,050
14,600
16,100
16,550
16,800
17,100
18,850
19,400
19,400
18,300
17,100
Low
12,600
12,600
13,200
14,100
13,500
14,800
15,500
15,900
17,650
17,800
16,250
15,500
Close
13,500
13,700
14,250
15,800
15,000
15,800
16,900
17,650
18,400
18,300
16,600
15,950
(X)
15,445
12,523
11,854
14,945
16,721
10,872
8,802
12,361
12,038
15,544
20,425
23,282
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
16,900
15,700
16,400
17,900
17,400
17,550
17,500
15,700
15,950
16,350
16,250
17,300
12,750
13,600
14,100
15,800
16,300
16,350
15,300
13,400
10,700
11,700
14,400
15,000
13,550
14,400
16,350
17,000
16,900
17,050
15,450
15,200
14,000
16,350
15,000
17,050
24,440
16,456
19,235
15,317
15,815
13,168
16,979
23,463
24,770
23,279
18,484
16,717
140,024
98,775
103,373
63,289
64,838
40,686
94,842
115,063
95,452
83,136
60,468
100,145
2,055,974
1,441,396
1,547,505
1,066,959
1,094,051
688,640
1,546,604
1,689,999
1,334,694
1,189,356
925,715
1,624,891
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
19,050
17,900
18,800
18,800
18,900
17,600
22,000
21,500
20,650
22,300
23,250
23,250
16,600
16,300
17,000
17,850
16,800
15,800
17,400
19,200
19,550
19,950
21,150
21,800
16,950
17,450
18,450
18,050
17,800
17,350
21,500
20,250
20,350
21,400
23,250
22,450
22,398
23,502
18,385
13,941
17,881
16,882
18,249
17,525
18,025
16,613
16,524
16,591
87,292
88,498
72,028
70,686
68,984
71,934
87,400
52,402
54,846
71,139
59,652
56,310
1,556,604
1,514,992
1,307,071
1,294,326
1,223,049
1,226,581
1,660,463
1,067,337
1,105,406
1,504,225
1,332,810
1,270,025
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
22,600
22,150
23,550
26,450
27,400
24,550
24,400
22,450
21,900
21,000
21,200
20,200
21,250
21,350
21,850
22,750
23,750
20,450
20,600
16,500
18,000
18,000
18,250
18,300
21,750
21,950
23,300
26,400
23,750
24,450
20,850
19,700
18,000
20,900
18,850
20,000
23,664
16,173
23,869
22,551
27,114
39,750
26,673
27,991
32,816
28,227
25,471
20,099
71,422
69,389
94,226
75,064
77,761
137,049
72,376
79,314
92,486
66,651
62,059
57,378
1,550,241
1,501,495
2,139,138
1,827,956
1,949,529
3,109,151
1,592,849
1,531,570
1,815,659
1,308,829
1,201,282
1,099,328
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
42,897
63,573
1,340,256
20
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Purwantono, Suherman & Surja (Member of Ernst & Young Global Limited)
Dec-09
Dec-10
2,623,473
4,684,870
Receivables
1,361,164
1,402,690
1,976,769
2,454,818
2,518,588
Inventories
1,269,425
1,299,549
1,327,720
1,470,305
1,473,645
Current Assets
5,322,916
Fixed Assets
7,773,279
7,702,769
7,638,064
7,935,224
9,304,992
103,703
100,319
128,546
141,371
324,750
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Other Assets
Total Assets
Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
22,000
16,500
11,000
15.59%
18.28%
25.36%
16.93%
5,500
1,771,031
1,347,706
1,476,597
2,418,762
2,740,089
801,045
897,842
940,783
917,660
889,465
2,572,076
2,245,548
2,417,380
3,336,422
3,629,554
-12.70%
7.65%
38.02%
8.79%
Growth (%)
Growth (%)
Liabilities
27,500
2009
2010
2011
2012
2013
4,000,000
4,000,000
4,000,000
4,000,000
4,000,000
Paid up Capital
1,840,616
1,840,616
1,840,616
1,840,616
1,840,616
3,681
3,681
3,681
3,681
3,681
500
500
500
500
500
6,145,770
22,978
22,978
19,419
18,290
15,734
13,077
13,603
Total Equity
Growth (%)
INCOME STATEMENTS
Total Revenues
10,681
Dec-09
22.44%
20.31%
23.42%
18.33%
Dec-10
Dec-11
Dec-12
Dec-13
8,915
4,228
Growth (%)
5.31%
24.69%
24.50%
8.10%
Cost of Revenues
5,468,018
5,597,043
7,473,669
9,020,338 10,036,632
Gross Profit
5,108,439
5,540,762
6,414,223
8,269,999
8,654,654
Expenses (Income)
1,415,133
1,520,732
1,996,200
2,393,257
2,590,554
Operating Profit
3,693,305
4,020,030
4,418,023
5,876,742
6,064,100
8.85%
9.90%
33.02%
3.19%
92,366
221,812
290,133
362,808
531,054
3,796,327
4,248,476
4,708,156
6,239,550
6,595,154
Tax
1,047,741
1,023,795
1,106,640
1,476,162
1,582,860
2,748,586
3,224,681
3,601,516
4,763,388
5,012,294
17.32%
11.69%
32.26%
5.23%
-460
2009
2010
2011
18,691
17,290
13,888
14,878
Growth (%)
2013
Growth (%)
2012
10,576
11,138
2009
2010
11,065
7,252
3,439
Period Attributable
2,748,586
3,224,942
3,596,918
4,760,382
5,010,240
Comprehensive Income
2,746,654
3,224,681
3,601,516
4,763,388
5,217,953
3,224,942
3,596,918
4,760,382
5,215,899
Comprehensive Attributable
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
300.55
555.37
698.54
602.76
614.81
Dividend (Rp)
225.00
263.00
293.00
450.00
RATIOS
746.65
876.05
977.10
1,293.15
1,361.02
BV (Rp)
2,901.40
3,552.45
4,274.10
5,275.07
6,241.85
DAR (X)
0.19
0.15
0.13
0.15
0.14
DER(X)
0.24
0.17
0.15
0.17
0.16
ROA (%)
20.70
21.01
19.84
20.93
18.84
ROE (%)
25.73
24.66
22.89
24.53
21.81
GPM (%)
48.30
49.75
46.19
47.83
46.30
OPM (%)
34.92
36.09
31.81
33.99
32.44
NPM (%)
25.99
28.95
25.93
27.55
26.82
30.13
30.02
29.99
34.80
1.64
1.65
1.72
2.00
EPS (Rp)
-374
2011
2012
2013
5,012
5,012
3,602
3,990
3,225
2,749
2,967
Yield (%)
1,945
922
-100
2009
2010
2011
2012
2013
89
COMPANY REPORT
ITMG
INDO TAMBANGRAYA MEGAH TBK.
Company Profile
Established in 1987, PT Indo Tambangraya Megah Tbk. is a renowned Indonesian coal
supplierfortheworldenergymarket.Thecompanystrivestosetthehigheststandardin
corporate governance as well as environmental, health and work safety compliance. All
activities are carried out in close cooperation with the local societies and other
stakeholders. Since its establishment, the Company has been recognized as a leading
producerofcoalandhasbuiltadiversifiedcustomerbase.
The scope of the Company business includes coal mining operations, processing and
logistics which are integrated in Indonesia. The company owns the majority of shares in
seven subsidiaries and operates six mining concessions in the island of Kalimantan,
covering East, Central and South Kalimantan. The Company also owns and operates
Terminal Batubara Bontang (Bontang Coal Terminal/BoCT), three loading ports and
PembangkitListrikBontang[BontangElectricityGenerator].
TheCompanyhasdirectandindirectownershipinthefollowingsubsidiaries:
PTIndomincoMandiri,
PTTrubaindoCoalMining,
PTJorongBarutamaGreston,
Kitadin,
PTBharintoEkatama,
PTITMIndonesia,and
PTTambangRayaUsahaTama.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
90
As of 30 January 2014
Main Board
Industry Sector : Mining (2)
Industry Sub Sector : Coal Mining (21)
Individual Index
:
Listed Shares
:
Market Capitalization :
191.429
1,129,925,000
30,281,990,000,000
COMPANY HISTORY
Established Date
: 02-Sep-1987
Listing Date
: 18-Dec-2007
Under Writer IPO :
PT UBS Securities Indonesia
Securities Administration Bureau :
PT Datindo Entrycom
Wisma Sudirman - Puri Datindo
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220
Phone : (021) 570-9009
Fax
: (021) 570-9026
BOARD OF COMMISSIONERS
1. Ibrahim Yusuf *)
2. Djisman S. Simandjuntak *)
3. Lukmanul Hakim
4. Rudijanto Boentoro
5. Somruedee Chaimongkol
6. Somyot Ruchirawat
*) Independent Commissioners
BOARD OF DIRECTORS
1. Pongsak Thongampai
2. A.H. Bramantya Putra
3. Edward Manurung (not affiliated)
4. Hartono Widjaja
5. Leksono Poeranto
6. Sean Trehane Pellow
Shares
Dividend
155.00
344.00
295.00
706.00
678.00
1,286.00
795.00
407.00
1,168.00
1,168.00
1,666.00
USD 1.464
1,014.00
975.00
Cum Date
06-May-08
08-Oct-08
01-Dec-08
11-May-09
20-Oct-09
29-Apr-10
28-Sep-10
19-Apr-11
28-Sep-11
28-Sep-11
29-Oct-12
26-Apr-13
29-Oct-13
28-Apr-14
Ex Date
07-May-08
09-Oct-08
02-Dec-08
12-May-09
21-Oct-09
30-Apr-10
29-Sep-10
20-Apr-11
29-Sep-11
29-Sep-11
30-Oct-12
29-Apr-13
30-Oct-13
29-Apr-14
734,452,000 :
395,473,000 :
Recording
Date
09-May-08
13-Oct-08
04-Dec-08
14-May-09
23-Oct-09
04-May-10
01-Oct-10
25-Apr-11
03-Oct-11
03-Oct-11
01-Nov-12
01-May-13
01-Nov-13
02-May-14
65.00%
35.00%
Payment
Date
23-May-08
22-Nov-08
19-Dec-08
28-May-09
01-Nov-09
19-May-10
15-Oct-10
06-May-11
14-Oct-11
14-Oct-11
14-Nov-12
15-May-13
15-Nov-13
14-May-14
F
I
I
F
I
F
I
F
I
I
I
F
I
F
ISSUED HISTORY
No. Type of Listing
1. First Issue
2. Company Listing
Shares
225,985,000
903,940,000
Listing
Date
18-Dec-07
18-Dec-07
Trading
Date
18-Dec-07
18-Aug-08
AUDIT COMMITTEE
1. Ibrahim Yusuf
2. Rudi Riady
3. Sidharta Utama
CORPORATE SECRETARY
Roslini Onwardi
HEAD OFFICE
Pondok Indah Office Tower III, 3rd Fl.
Jln. Sultan Iskandar Muda, Pondok Indah Kav. V-TA
Jakarta Selatan - 12310
Phone : (021) 293-28100
Fax
: (021) 293-27999
Homepage
Email
F/I
: www.itmg.co.id
: roslini_o@banpuindo.co.id
91
Volume
(Mill. Sh)
58,000
160
50,750
140
43,500
120
36,250
100
29,000
80
21,750
60
14,500
40
7,250
20
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
71.6%
50%
25%
-16.4%
-25%
-40.2%
-50%
-75%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
2010
2011
2012
529
20,208
169
245
532
24,259
286
247
386
15,257
206
246
306
9,905
196
244
30
793
40
20
Price (Rupiah)
High
Low
Close
Close*
55,300
28,100
50,750
50,750
57,950
34,300
38,650
38,650
45,800
30,150
41,550
41,550
42,900
24,200
28,500
28,500
28,700
24,850
26,800
26,800
8.74
16.17
4.46
11.38
8.49
4.84
11.28
19.30
2.73
10.61
13.24
2.56
SHARES TRADED
31.29
PER (X)
17.69
PER Industry (X)
8.86
PBV (X)
* Adjusted price after corporate action
92
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
34,500
32,300
39,750
40,600
39,300
39,450
39,200
41,000
41,750
50,100
55,300
53,000
Low
30,150
28,100
31,500
37,500
29,850
33,200
36,750
37,500
36,550
40,900
45,200
46,000
Close
31,400
31,600
38,050
39,050
36,000
37,150
37,500
39,200
41,600
45,200
49,050
50,750
(X)
17,037
22,456
13,813
11,229
16,618
9,357
7,059
6,941
17,772
11,635
15,731
19,033
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
57,950
48,650
51,400
50,250
48,000
47,500
52,000
51,350
47,000
45,100
45,000
40,450
43,700
43,650
39,900
46,650
44,400
44,000
44,500
40,000
37,500
34,300
36,250
34,950
46,300
45,700
46,200
46,800
47,000
44,750
50,500
43,150
39,250
44,650
38,150
38,650
29,196
22,560
49,551
24,415
22,941
11,842
22,708
21,131
23,568
20,495
19,148
18,594
64,211
40,535
90,260
41,472
46,175
21,509
52,561
42,572
38,180
36,042
27,770
30,704
3,267,046
1,874,932
4,107,414
1,992,811
2,148,862
989,239
2,535,598
1,939,362
1,631,637
1,454,671
1,146,861
1,170,734
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
41,000
44,800
44,000
45,800
40,000
37,700
38,400
38,500
42,400
43,350
42,450
42,350
36,200
36,650
41,050
39,700
33,750
30,150
34,600
35,600
37,750
40,000
38,350
38,100
36,700
43,350
43,450
39,750
33,800
35,950
35,550
38,200
42,150
40,650
39,250
41,550
21,105
25,856
18,679
26,935
22,768
19,026
14,604
10,062
13,955
11,566
11,122
10,232
41,555
50,179
30,981
57,988
42,236
37,526
26,101
19,174
25,798
19,511
16,938
17,955
1,611,844
2,056,492
1,312,739
2,460,047
1,542,196
1,306,401
971,835
713,606
1,045,896
819,058
690,628
725,896
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
42,900
41,350
40,750
39,500
36,400
30,100
28,650
32,050
32,950
34,000
33,150
30,600
39,800
39,550
33,250
35,100
29,150
24,600
24,200
24,300
25,350
25,300
27,700
27,150
41,450
40,250
35,500
36,750
30,000
28,150
24,200
32,050
26,300
29,900
28,700
28,500
12,584
9,584
18,901
20,303
21,887
19,971
11,967
14,335
15,702
17,831
19,593
13,207
21,012
14,731
28,118
29,630
34,979
27,387
21,869
20,791
22,893
27,916
39,139
17,645
874,302
596,005
1,045,558
1,117,437
1,133,819
727,852
580,370
598,586
691,567
839,402
1,190,698
509,479
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
40,294
30,444
792,755
20
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Tanudiredja, Wibisana & Rekan (Member of PricewaterhouseCoopers Global Network)
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
4,042,795
2,644,640
5,553,388
4,460,094
3,542,435
Receivables
1,354,003
1,359,610
2,321,598
2,439,567
2,383,251
Inventories
612,466
633,245
970,013
1,459,919
1,483,112
Current Assets
6,348,447
5,459,998
9,670,360
9,369,534
9,157,445
Fixed Assets
3,240,377
3,126,948
3,122,629
3,244,382
3,884,351
20,174
13,031
20,626
133,277
BALANCE SHEET
Other Assets
Total Assets
Assets
28,327
11,306,120
14,000
10,500
7,000
-13.47%
46.31%
0.74%
18.46%
3,500
3,209,739
2,976,449
4,087,383
4,225,993
4,597,250
668,026
333,578
425,489
500,771
657,807
3,877,765
3,310,027
4,512,872
4,726,764
5,255,057
-14.64%
36.34%
4.74%
11.18%
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
564,963
564,963
564,963
564,963
1,500,000
1,130
1,130
1,130
1,130
3,000
500
500
500
500
500
3,721,941
3,052,682
6,188,194
5,893,836
7,005,372
Growth (%)
Current Liabilities
Growth (%)
Liabilities
17,500
2009
2010
2011
2012
2013
11,827
11,827
9,801
9,693
2011
2012
9,414
7,428
6,473
7,001
Total Equity
7,428,355
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-09
6,473,353
9,800,731
9,693,372 11,826,501
-12.86%
51.40%
-1.10%
22.01%
Dec-10
Dec-11
Dec-12
Dec-13
4,589
2,176
5.26%
Growth (%)
44.21%
9.19%
13.35%
Cost of Revenues
Gross Profit
5,380,621
4,862,440
8,089,273
7,167,085
6,247,810
Expenses (Income)
1,269,578
1,604,252
1,678,967
1,451,061
2,309,778
Operating Profit
4,111,043
3,258,188
6,410,305
-20.75%
96.74%
-237
2009
2010
Growth (%)
2013
23,585
21,599
21,280
194,886
-768,104
208,773
4,305,929
2,490,084
6,619,078
5,716,024
3,938,032
Tax
1,140,676
657,217
1,666,807
1,538,168
1,109,993
3,165,253
1,832,868
4,952,271
4,177,856
2,828,039
-42.09%
170.19%
-15.64%
-32.31%
Growth (%)
15,826
14,228
14,977
2009
2010
10,373
4,919
3,165,253
1,832,868
4,952,271
4,177,856
2,828,039
Comprehensive Income
1,697,928
4,999,225
4,125,029
2,828,039
Comprehensive Attributable
1,697,928
4,999,225
4,125,029
2,828,039
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
197.79
183.44
236.59
221.71
199.19
Dividend (Rp)
1,964.00
1,202.00
2,336.00
1,666.00
1,989.00
EPS (Rp)
2,801.29
1,622.11
4,382.83
3,697.46
942.68
BV (Rp)
6,574.20
5,729.01
8,673.79
8,578.78
3,942.17
DAR (X)
0.34
0.34
0.32
0.33
0.31
Period Attributable
RATIOS
Current Ratio (%)
-535
2011
2012
2013
4,178
3,942
3,165
2,828
2,932
0.52
0.51
0.46
0.49
0.44
ROA (%)
28.00
18.73
34.60
28.97
16.56
ROE (%)
42.61
28.31
50.53
43.10
23.91
GPM (%)
37.82
32.47
37.45
30.39
23.37
OPM (%)
28.89
21.75
29.68
NPM (%)
22.25
12.24
22.93
17.71
10.58
70.11
74.10
53.30
45.06
210.99
6.18
2.37
6.04
4.01
6.98
DER(X)
Yield (%)
1,833
1,921
911
-99
2009
2010
2011
2012
2013
93
C
CO
OM
MP
PA
AN
NY
Y R
RE
EP
PO
OR
RT
T
JSMR
JASA MARGA (PERSERO) TBK.
Company Profile
PT Jasa Marga (Persero) Tbk. was established dated September 10th, 1982, under the
framework of Government Regulation regarding the State Capital Investment for the
establishment of a StateOwned Company (Persero) in the area of management,
maintenance and development of toll roads and the detailed management regulations.
TheCompanycommenceditscommercialoperationsin1978.
Jasa Marga is a state owned company with the line business of planning, constructing,
operatingandmaintainingtollroadsalongwithdevelopingandmaximizingtheuseofland
in toll road areas and other related businesses. Jasa Margas business characteristics are
defensiveandresistanttofluctuatedconditionofglobaleconomy.
Forthesepurposes,theCompanyperformsthefollowingactivities:
1. Performtechnicalplanning,construction,operateand/ormaintenanceoftollroad;
2. Organizethelandintollroadarea(Rumijatol)andthelandtoborderonRumijatolfor
restareaandserviceincludingfacilitiesandotherbusinessoperatedeitherseparately
orincooperationwithotherparties;and
In additionto the main business activity, Company may run other supporting business
activities,subjecttolawsandregulations,involve:
1. PropertyDevelopmentintheareaoftollroadcorridor.
2. Development service for business related to transportation facilities,
liquid/solid/gasmaterialdistribution,networkofinformation,communicationand
technology,relatedtotollroadcorridor.
3. Tradeandserviceforconstruction,maintenanceandoperationoftollroad
TheCompanyisdomiciledinJakartaandiscurrentlyoperating25tollroadsmanagedbyits
9branchofficesandtheCompanysSubsidiaries.AsofDecember31st,2013theCompany
hadtotalpermanentemployeesof4,875persons.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
94
As of 30 January 2014
Main Board
Industry Sector : Infrastructure, Utilities And Transportation (7)
Industry Sub Sector : Toll Road, Airport, Harbor And Allied Products (72)
Individual Index
:
Listed Shares
:
Market Capitalization :
304.412
6,800,000,000
35,190,000,000,000
COMPANY HISTORY
Established Date
: 01-Mar-1978
Listing Date
: 12-Nov-2007
Under Writer IPO :
PT Danareksa Sekuritas
PT Bahana Securities
PT Mandiri Sekuritas
Securities Administration Bureau :
PT Datindo Entrycom
Wisma Sudirman - Puri Datindo
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220
Phone : (021) 570-9009
Fax
: (021) 570-9026
BOARD OF COMMISSIONERS
1. Agoes Widjanarko
2. Akhmad Syakhroza
3. Boediarso Teguh Widodo
4. Ibnu Purna Muchtar
5. Michael Dendron Primanto *)
6. Samsoedin *)
*) Independent Commissioners
4,760,000,000 :
2,040,000,000 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
2007
2008
2009
2010
2011
2012
2013
Shares
Dividend
14.31
52.00
87.91
105.69
78.88
94.24
78.61
Cum Date
21-May-08
18-Jun-09
28-Jun-10
06-Jul-11
04-Jun-12
29-May-13
04-Apr-14
Ex Date
22-May-08
19-Jun-09
29-Jun-10
07-Jul-11
05-Jun-12
30-May-13
07-Apr-14
Recording
Date
26-May-08
23-Jun-09
01-Jul-10
11-Jul-11
07-Jun-12
03-Jun-13
09-Apr-14
70.00%
30.00%
Payment
Date
29-May-08
07-Jul-09
15-Jul-10
13-Jul-11
21-Jun-12
18-Jun-13
23-Apr-14
F
F
F
F
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
Type of Listing
First Issue
Negara RI (Seri A)
Company Listing
Shares
2,040,000,000
1
4,759,999,999
Listing
Date
12-Nov-07
12-Nov-07
12-Nov-07
Trading
Date
12-Nov-07
12-Nov-07
10-May-08
BOARD OF DIRECTORS
1. Adityawarman
2. Abdul Hadi
3. Hasanudin
4. Muh Najib Fauzan
5. Reynaldi Hermansjah
AUDIT COMMITTEE
1. Michael Dendron Primanto
2. Agita Widjajanto
3. Rustam Wahyudi
CORPORATE SECRETARY
David Wijayatno
HEAD OFFICE
Plaza Tol Taman Mini Indonesia Indah
Jakarta - 13550
Phone : (021) 841-3630
Fax
: (021) 840-1533, 841-3540
Homepage
Email
F/I
: www.jasamarga.com
: sekper@jasamarga.co.id
jasmar@jasamarga.com
95
Volume
(Mill. Sh)
7,000
160
6,125
140
5,250
120
4,375
100
3,500
80
2,625
60
1,750
40
875
20
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
71.6%
40%
32.1%
-40%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
2010
2011
2012
2,753
6,731
133
245
2,175
7,871
141
247
2,519
13,121
167
246
2,300
13,229
220
244
182
906
33
20
Price (Rupiah)
High
Low
Close
Close*
3,900
1,660
3,425
3,425
4,275
2,925
4,200
4,200
6,000
4,125
5,450
5,450
6,950
4,525
4,725
4,725
5,450
4,400
5,175
5,175
21.61
11.09
3.09
24.12
17.53
3.79
23.55
18.40
3.09
25.80
18.52
3.39
SHARES TRADED
19.51
PER (X)
14.36
PER Industry (X)
3.01
PBV (X)
* Adjusted price after corporate action
96
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
1,900
1,800
1,840
2,150
2,075
2,200
2,725
3,025
3,375
3,900
3,775
3,600
Low
1,770
1,660
1,730
1,780
1,750
1,900
2,000
2,525
2,900
3,175
3,350
3,150
Close
1,800
1,780
1,790
2,075
1,970
2,025
2,675
2,925
3,200
3,750
3,475
3,425
(X)
7,773
4,287
7,732
24,979
10,682
11,022
12,444
9,876
9,894
10,770
14,041
9,386
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
3,575
3,200
3,425
3,525
3,525
3,650
4,000
4,175
4,275
3,975
4,000
4,275
2,925
2,950
3,150
3,250
3,275
3,325
3,550
3,625
3,400
3,550
3,675
3,750
3,000
3,175
3,400
3,300
3,475
3,625
3,975
4,000
3,975
3,850
3,875
4,200
12,779
6,832
13,551
13,158
9,957
7,995
11,849
11,334
16,354
17,076
8,082
11,878
197,010
104,194
195,067
174,537
193,346
175,397
191,975
229,033
225,381
175,397
85,380
228,156
636,186
320,670
642,378
587,008
663,699
603,870
722,040
896,266
885,369
665,325
330,751
917,847
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
4,575
4,775
5,150
5,700
5,550
5,450
5,950
6,000
5,850
5,950
5,850
5,850
4,125
4,325
4,625
4,875
4,925
4,975
5,300
5,550
5,650
5,650
5,650
5,450
4,375
4,700
5,150
5,350
5,150
5,400
5,700
5,750
5,850
5,800
5,700
5,450
12,368
12,003
14,902
19,314
23,617
14,761
14,029
12,949
10,923
12,435
9,709
9,539
230,785
265,300
168,517
230,817
448,775
232,464
167,905
157,924
131,027
173,137
152,420
159,861
993,508
1,209,137
813,781
1,196,346
2,326,901
1,199,371
944,446
899,890
753,148
999,567
876,690
908,441
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
5,700
5,650
5,950
6,750
6,950
6,800
6,400
6,150
5,850
5,800
5,450
5,350
5,100
5,400
5,600
5,900
6,500
5,700
5,200
5,300
5,050
5,250
4,825
4,525
5,500
5,550
5,950
6,700
6,700
6,050
5,350
5,450
5,200
5,250
5,100
4,725
17,310
13,401
15,101
14,419
17,482
25,472
20,579
18,323
19,992
17,277
22,103
18,175
287,693
204,434
195,334
221,969
146,129
256,837
159,785
152,358
204,787
166,818
154,529
149,099
1,560,093
1,133,501
1,128,937
1,418,115
973,809
1,596,449
952,854
868,013
1,144,362
927,029
793,812
732,436
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
5,450
4,400
5,175
32,974
182,407
906,070
20
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Aryanto, Amir Jusuf, Mawar & Saptoto (Member of RSM International)
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
3,314,003
4,011,590
3,764,009
4,302,382
3,514,061
Receivables
64,672
23,630
87,994
64,092
177,198
Inventories
Current Assets
3,430,338
4,090,141
3,996,741
4,531,117
3,746,345
Fixed Assets
422,507
593,028
289,155
130,965
BALANCE SHEET
Other Assets
Total Assets
Assets
392,755
259,058
440,239
17.17%
Growth (%)
17,250
11,500
15.50%
14.60%
5,750
4,919,884
2,966,355
2,478,279
3,768,596
6,648,164
5,462,468
8,114,384
8,423,258
8,317,601 12,579,482
Total Liabilities
Growth (%)
23,000
13.09%
Current Liabilities
25.67%
15.10%
22.75%
16.93%
Liabilities
28,750
2009
2010
2011
2012
2013
9,520,000
9,520,000
9,520,000
9,520,000
9,520,000
Paid up Capital
3,400,000
3,400,000
3,400,000
3,400,000
3,400,000
6,800
6,800
6,800
6,800
6,800
500
500
500
500
500
3,449,446
1,457,048
2,015,210
2,602,769
2,753,965
Total Equity
7,183,379
7,740,014
9,240,280
9,787,786 10,866,980
7.75%
19.38%
10,867
9,240
8,650
7,183
9,788
7,740
6,433
Growth (%)
INCOME STATEMENTS
Total Revenues
5.93%
11.03%
Dec-12
Dec-13
Dec-09
Dec-10
Dec-11
3,692,000
4,378,584
4,960,473
18.60%
13.29%
82.85%
Growth (%)
4,216
2,000
9,070,219 10,294,668
13.50%
Cost of Revenues
2,175,779
2,390,392
2,679,084
6,094,983
7,631,490
Gross Profit
1,516,221
1,988,192
2,281,388
2,975,236
2,663,177
Expenses (Income)
2,175,779
2,390,392
2,679,084
6,094,983
Operating Profit
1,516,221
1,988,192
2,281,388
2,975,236
2,663,177
31.13%
14.75%
30.41%
-10.49%
-422,327
-511,843
-554,914
-919,979
-948,522
-217
2009
2010
2011
2013
Growth (%)
2012
9,070
8,195
1,093,894
1,476,349
1,726,475
2,055,257
1,714,655
Tax
211,682
291,854
407,651
519,445
476,835
882,212
1,184,496
1,318,824
1,535,812
1,237,821
34.26%
11.34%
16.45%
-19.40%
Growth (%)
6,094
4,379
4,960
3,692
3,994
1,894
Period Attributable
882,212
1,193,487
1,339,462
1,602,090
1,336,317
Comprehensive Income
992,694
1,186,036
1,321,582
1,536,346
1,236,627
1,195,027
1,342,220
1,602,624
1,335,123
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
115.64
165.04
106.05
68.16
76.15
87.91
105.69
78.88
94.24
78.61
Comprehensive Attributable
RATIOS
Current Ratio (%)
Dividend (Rp)
129.74
175.51
196.98
235.60
196.52
BV (Rp)
1,056.38
1,138.24
1,358.86
1,439.38
1,598.09
DAR (X)
0.52
0.56
0.57
0.60
0.62
DER(X)
1.17
1.37
1.32
1.53
1.61
EPS (Rp)
-206
2009
2010
2011
2012
2013
1,238
1,184
1,223
882
909
ROA (%)
5.45
6.25
6.15
6.20
4.36
ROE (%)
12.28
15.30
14.27
15.69
11.39
GPM (%)
41.07
45.41
45.99
32.80
25.87
OPM (%)
41.07
45.41
45.99
32.80
25.87
NPM (%)
23.90
27.05
26.59
16.93
12.02
67.76
60.22
40.04
40.00
40.00
4.86
3.09
1.88
1.73
1.66
Yield (%)
596
283
-31
2009
2010
2011
2012
2013
97
CC O
OM
M PP A
AN
N YY RR EE PP O
O RR TT
KLBF
KALBE FARMA TBK.
Company Profile
PT Kalbe Farma Tbk. was established dated September 10th, 1966, within the framework of
the Domestic Capital Investment Law.
The scope of activities of the Company comprises, among others, pharmaceuticals, trading
and representative. Currently, the Company is primarily engaged in the development,
manufacturing, and trading of pharmaceuticals preparation including medicines and
consumer health products. The Company started its commercial operations in 1966.
Kalbe has focused its business on four divisions: prescription pharmaceuticals, consumer
health products, nutritionals, and distribution and logistics. Supported by over 15,000
employees, inclusive of 4,000 sales and marketing professionals covering the entire
Indonesian archipelago, Kalbe maintains coverage of more than 70% of general
practitioners, 90% of specialists, 100% of hospitals, 100% of pharmacies across Indonesia
for the prescription pharmaceuticals market and 80% for the consumer health and
nutritionals markets.
The Companys production plants is located at Kawasan Industri Delta Silicon, Jln. M.H.
Thamrin, Block A3-1, Lippo Cikarang, Bekasi.
As of December 31st 2013, the Group had a combined total of 10,572 permanent
employees.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
98
As of 30 January 2014
Main Board
Industry Sector : Consumer Goods Industry (5)
Industry Sub Sector : Pharmaceuticals (53)
Individual Index
:
Listed Shares
:
Market Capitalization :
13,703.306
46,875,122,110
65,859,546,564,550
COMPANY HISTORY
Established Date
: 10-Sep-1966
Listing Date
: 30-Jul-1991
Under Writer IPO :
PT Merincorp
PT Niaga Securities
Securities Administration Bureau :
PT Adimitra Transferindo
4,767,872,885
4,545,646,840
4,447,970,440
4,439,895,440
4,319,452,940
4,060,816,540
20,293,467,025
:
:
:
:
:
:
:
10.17%
9.70%
9.94%
9.47%
9.21%
8.66%
42.85%
Plaza Property 2nd Fl. Komp. Pertokoan Pulomas Blok VIII No. 1
: www.kalbe.co.id
: vidjongtius@kalbe.co.id
info@kalbe.co.id
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
1991
1992
1992
1992
1994
1994
1994
1995
1996
1999
1999
2002
2003
2005
2006
2007
2008
2009
2010
2011
2012
Shares
Dividend
200.00
1: 1
10 : 3 & 10 : 7
60.00
70.00
75.00
50.00
85.00
115.00
75.00
2.00
100 : 88
2.00
1.00
3.00
10.00
10.00
12.50
25.00
70.00
95.00
19.00
Cum Date
16-Apr-92
20-Oct-92
09-Dec-92
30-Jun-93
07-Jun-94
29-Aug-94
10-Jul-95
09-Jul-96
23-Jul-97
10-Nov-00
10-Nov-00
25-Aug-03
16-Aug-04
05-Jul-05
14-Jun-07
31-Jul-08
29-Jul-09
15-Jul-10
27-Jun-11
28-Jun-12
13-Jun-13
Recording
Date
27-Apr-92
28-Oct-92
17-Dec-92
08-Jul-93
15-Jun-94
06-Sep-94
19-Jul-95
18-Jul-96
01-Aug-97
20-Nov-00
20-Nov-00
28-Aug-03
20-Aug-04
08-Jul-05
19-Jun-07
05-Aug-08
03-Aug-09
20-Jul-10
01-Jul-11
03-Jul-12
18-Jun-13
Ex Date
20-Apr-92
21-Oct-92
10-Dec-92
01-Jul-93
08-Jun-94
30-Aug-94
11-Jul-95
10-Jul-96
24-Jul-97
13-Nov-00
13-Nov-00
26-Aug-03
18-Aug-04
06-Jul-05
15-Jun-07
01-Aug-08
30-Jul-09
16-Jul-10
28-Jun-11
29-Jun-12
14-Jun-13
Payment
Date
29-May-92
16-Nov-92
15-Jan-93
06-Aug-93
15-Jul-94
06-Oct-94
18-Aug-95
15-Aug-96
29-Aug-97
06-Dec-00
06-Dec-00
11-Sep-03
03-Sep-04
22-Jul-05
03-Jul-07
20-Aug-08
14-Aug-09
30-Jul-10
13-Jul-11
17-Jul-12
02-Jul-13
F/I
F
I
F
F
I
F
F
F
F
F
F
F
I
F
F
F
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Type of Listing
First Issue
Partial Listing
Koperasi
Company Listing
Bonus Shares
Right Issue
Dividen Shares
Stock Split
Additional Listing (Merger)
Stock Splits
Decrease in Issued and Fully Paid Shares
Shares
10,000,000
10,000,000
500,000
29,500,000
2,026,400,000
8,000,000
32,400,000
6,004,800,000
2,034,414,422
40,624,057,688
-3,904,950,000
T:
T:
T:
T:
T:
Listing
Date
30-Jul-91
30-Jul-91
27-Feb-92
29-Apr-92
17-Nov-92
14-May-93
18-Jul-94
07-Oct-96
21-Dec-05
08-Oct-12
13-Dec-13
:
:
:
:
:
Trading
Date
30-Jul-91
30-Jan-92
31-Dec-99
29-Apr-92
06-Dec-00
25-Jun-93
18-Jul-94
02-Jan-04
21-Dec-05
08-Oct-12
13-Dec-13
99
Volume
(Mill. Sh)
1,600
320
1,400
280
1,200
240
1,000
200
800
160
600
120
400
80
200
40
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
420%
350%
280%
210%
179.5%
140%
70%
71.6%
-70%
Jan 10
Jan 11
SHARES TRADED
Volume (Million Sh.)
Value (Billion Rp)
Frequency (Thou. X)
Days
Price (Rupiah)
High
Low
Close
Close*
Jan 12
Jan 14
2010
2011
2012
9,232
20,453
249
245
3,434
11,391
259
247
6,640
14,832
431
246
19,997
25,755
823
244
1,482
2,037
115
20
4,100
1,290
3,250
650
3,725
2,450
3,400
680
4,975
910
1,060
1,060
1,560
1,000
1,250
1,250
1,455
1,260
1,405
1,405
22.43
16.22
5.30
30.38
19.75
7.30
32.17
19.15
7.40
36.16
23.95
8.31
25.66
PER (X)
16.41
PER Industry (X)
6.14
PBV (X)
* Adjusted price after corporate action
100
Jan 13
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
1,540
1,640
1,900
2,125
2,125
2,150
2,550
2,475
2,725
2,725
4,100
3,825
Low
1,290
1,430
1,570
1,800
1,620
1,780
2,000
2,225
2,300
2,500
2,675
2,975
Close
1,540
1,560
1,870
2,075
1,880
2,100
2,450
2,325
2,550
2,675
3,500
3,250
(X)
10,843
9,652
27,381
29,043
31,887
20,196
21,430
13,405
14,065
15,376
26,804
29,162
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
3,375
3,000
3,400
3,725
3,600
3,575
3,700
3,550
3,725
3,550
3,600
3,600
2,450
2,700
2,875
3,350
3,225
3,225
3,400
2,900
2,650
2,975
3,300
3,300
2,825
2,925
3,400
3,575
3,575
3,375
3,475
3,475
3,250
3,475
3,525
3,400
31,889
12,472
26,005
21,717
27,352
19,396
23,402
18,325
22,062
26,568
17,036
12,427
512,854
175,174
409,546
366,099
309,123
206,133
357,183
192,858
249,601
182,564
129,667
343,677
1,539,793
503,579
1,256,625
1,318,778
1,078,937
693,300
1,269,992
638,119
835,454
622,602
451,000
1,182,729
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
3,650
3,600
3,550
4,050
4,025
4,000
3,900
4,000
4,700
4,975
1,040
1,150
3,375
3,400
3,375
3,400
3,750
3,700
3,675
3,750
3,900
910
960
980
3,525
3,500
3,550
4,025
3,875
3,775
3,825
3,875
4,700
970
1,030
1,060
15,399
18,914
18,538
31,628
39,920
30,929
32,278
33,041
33,617
54,533
68,691
53,129
122,271
172,533
283,565
485,446
454,029
384,956
394,523
255,670
272,454
779,898
1,528,172
1,506,913
428,028
602,764
982,054
1,795,766
1,783,899
1,485,524
1,497,405
999,731
1,158,254
998,575
1,514,316
1,585,510
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
1,130
1,300
1,380
1,390
1,560
1,450
1,500
1,510
1,440
1,390
1,370
1,260
1,000
1,070
1,190
1,200
1,320
1,130
1,300
1,110
1,180
1,220
1,200
1,160
1,090
48,914
1,290
69,492
1,240
51,451
1,390
51,858
1,450
67,894
1,440
76,854
1,430 100,827
1,350
71,639
1,180
92,703
1,300
82,161
1,220
55,361
54,113
1,250
1,891,111
1,682,306
1,724,553
1,928,884
1,973,262
1,752,293
1,558,750
1,391,354
1,885,390
1,732,152
1,256,613
1,220,791
1,965,394
1,946,563
2,181,688
2,479,590
2,887,922
2,311,851
2,191,524
1,888,689
2,494,405
2,302,731
1,624,072
1,480,756
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
1,455
1,260
1,405 115,285
1,481,958
2,036,864
20
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Purwantono, Suherman & Surja (Member of Ernst & Young Global Limited)
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
1,562,664
1,901,872
2,291,336
1,859,663
1,426,461
Receivables
1,318,080
1,363,957
1,635,311
1,938,156
2,273,379
Inventories
1,561,382
1,550,829
1,705,189
2,115,484
3,053,495
Current Assets
4,701,893
5,037,270
5,956,123
6,441,711
7,497,319
Fixed Assets
1,398,128
1,605,266
1,860,288
2,254,763
2,925,547
357,861
BALANCE SHEET
Other Assets
Total Assets
Assets
7,500
26,101
47,115
286,899
7,032,497
8,274,554
8.49%
17.66%
13.82%
20.14%
2,500
1,574,137
1,146,489
1,630,589
1,891,618
264,059
117,375
113,872
128,031
154,696
174,513
1,691,775
1,260,580
1,758,619
2,046,314
438,572
-25.49%
39.51%
16.36%
-78.57%
Growth (%)
Current Liabilities
10,000
6,482,447
Growth (%)
9,417,957 11,315,061
Liabilities
12,500
5,000
2009
2010
2011
2012
2013
850,000
850,000
850,000
1,700,000
850,000
Paid up Capital
507,801
507,801
507,801
507,801
507,801
10,156
10,156
10,156
60,936
50,780
50
50
50
50&10
10
Retained Earnings
4,529,299
5,581,254
6,407,439
7,250,739
7,633,188
Total Equity
4,310,438
5,373,784
6,515,935
7,371,644
8,499,958
24.67%
21.25%
13.13%
15.31%
Dec-10
Dec-11
Dec-12
Dec-13
8,500
8,500
7,372
6,516
6,766
5,374
5,032
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-09
4,310
3,298
1,564
Growth (%)
12.54%
6.70%
24.97%
17.35%
Cost of Revenues
4,575,407
5,060,404
5,360,687
7,102,971
8,323,018
Gross Profit
4,511,940
5,166,386
5,551,173
6,533,434
7,679,113
Expenses (Income)
2,946,066
3,375,482
3,563,914
4,225,417
5,106,591
Operating Profit
1,565,875
1,790,904
1,987,259
14.37%
10.96%
-94,803
-20,469
1,471,072
1,770,435
1,987,259
2,308,017
2,572,523
421,405
426,636
464,303
532,918
602,070
1,049,667
1,343,799
1,522,957
1,775,099
1,970,452
28.02%
13.33%
16.56%
11.01%
-170
2009
2010
2011
2012
2013
Growth (%)
13,636
12,738
Growth (%)
10,227
10,912
9,087
9,473
6,209
2,944
1,049,667
1,266,330
1,482,237
1,733,928
1,919,508
929,004
1,346,098
1,539,721
1,772,035
2,004,244
1,288,627
1,498,877
1,730,864
1,952,589
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
298.70
439.36
365.27
340.54
2,839.26
25.00
70.00
95.00
19.00
EPS (Rp)
103.35
124.69
145.95
28.45
37.80
BV (Rp)
424.42
529.12
641.58
120.97
167.39
DAR (X)
0.26
0.18
0.21
0.22
0.04
DER(X)
0.39
0.23
0.27
0.28
0.05
ROA (%)
16.19
19.11
18.41
18.85
17.41
ROE (%)
24.35
25.01
23.37
24.08
23.18
GPM (%)
49.65
50.52
50.87
47.91
47.99
OPM (%)
17.23
17.51
18.21
NPM (%)
11.55
13.14
13.96
13.02
12.31
24.19
56.14
65.09
66.77
1.92
2.15
2.79
1.79
Period Attributable
Comprehensive Income
Comprehensive Attributable
RATIOS
Current Ratio (%)
Dividend (Rp)
-320
2009
2011
2012
2013
1,970
1,523
1,568
1,167
Yield (%)
2010
1,344
1,050
765
363
-39
2009
2010
2011
2012
2013
101
COMPANY REPORT
LPKR
LIPPO KARAWACI TBK.
Company Profile
PT Lippo Karawaci Tbk. was established under the name PT Tunggal Reksakencana dated
October 15th, 1990.
The Companys scope of activities include real estate, urban development, land purchasing
and clearing, land cut and fill, land development and excavation, infrastructure
development planning, developing, leasing, selling and managing of buildings, houses,
offices and industrial estates, hotels, hospitals, commercial centers and sports centers,
supporting infrastructure, including but not limited to golf courses, club houses,
restaurants, other entertainment centers, medical laboratories, medical pharmacies and
related facilities, directly or by investment or capital divestment; build and operate
environment infrastructure, build and manage public facilities and accommodation services
and operating activities in services consisting of public transportation, security services and
other supporting services, except for legal and taxation services.
The main activities of the Company include urban development, large scale integrated
development, retail malls, healthcare, hospitals & infrastructure, also property & portfolio
management.
The Company creates well-planned developments that circumvent traffic congestion, are
flood-free, and possess world-class infrastructure. The Company is driven by its vision of
impacting lives, while continuously creating value for its stakeholders. The needs of the
growing middle, upper middle and upper classes of Indonesia are met by the quality of the
services offered through each business segment, while sustainable growth is achieved
through a balanced portfolio of development projects supported and sustained by a stable
level of recurring income from healthcare, hotel leisure & hospitality, infrastructure, and
fee-based income as Retail Estate Investment Trust (REIT) and property managers.
The company is one of the incorporated in the business group Lippo Group.
As of December 31st, 2013, the Company and subsidiaries had 6,168 employees.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
102
As of 30 January 2014
Individual Index
:
Listed Shares
:
Market Capitalization :
243.239
23,077,689,619
21,923,805,138,050
COMPANY HISTORY
Established Date
: 15-Oct-1990
Listing Date
: 28-Jun-1996
Under Writer IPO :
PT Pentasena Arthasentosa
Securities Administration Bureau :
PT Sharestar Indonesia
Beritasatu Plasa 7th Fl.
Jln. Jend. Gatot Subroto Kav. 35 - 36 Jakarta 12950
Phone : (021) 527-7966
Fax
: (021) 527-7967
BOARD OF COMMISSIONERS
1. Theo L. Sambuaga
2. Agum Gumelar *)
3. Farid Harianto *)
4. Jonathan Limbong Parapak *)
5. Muladi *)
6. Surjadi Soedirdja *)
7. Tanri Abeng *)
8. Viven Gouw Setiabudi
*) Independent Commissioners
BOARD OF DIRECTORS
1. Ketut Budi Wijaya
2. Djoko Harjono
3. Jenny Kuistono
4. Rahmawaty
5. Roberto Fernandez Feliciano
6. Tjokro Libianto
4,126,619,908 :
18,951,069,711 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
1995
1997
2005
2005
2006
2010
2010
2011
2012
Shares
Dividend
40.00
10.00
10.00
9.99
4.62
2.88
4.33
7.79
11.85
Cum Date
05-Dec-96
13-Jan-98
19-Aug-05
01-Dec-06
04-Dec-07
11-Nov-10
05-Oct-11
27-Aug-12
29-Nov-13
Recording
Date
16-Dec-96
22-Jan-98
24-Aug-05
06-Dec-06
07-Dec-07
16-Nov-10
10-Oct-11
30-Aug-12
04-Dec-13
Ex Date
06-Dec-96
14-Jan-98
22-Aug-05
04-Dec-06
05-Dec-07
12-Nov-10
06-Oct-11
28-Aug-12
02-Dec-13
17.88%
82.12%
Payment
Date
14-Jan-97
20-Feb-98
08-Sep-05
20-Dec-06
27-Dec-07
01-Dec-10
24-Oct-11
13-Sep-12
18-Dec-13
F
F
F
F
I
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
Type of Listing
First Issue
Company Listing
Convertible Bond
Right Issue
Add Listing (Merger)
Warrant
Stock Split
Warrant I
Additional Listing without RI
Shares
30,800,000
244,000,000
105,072,500
5,815,239,737
1,063,275,250
279,099
13,314,419,679
1,054,603,354
1,450,000,000
T:
T:
T:
T:
T:
Listing
Date
28-Jun-96
28-Jun-96
28-Jun-96
16-Jan-98
02-Aug-04
28-Jul-05
28-Jul-06
23-Nov-06
08-Jun-11
:
:
:
:
:
Trading
Date
28-Jun-96
28-Feb-97
28-Jun-96
30-Dec-10
02-Aug-04
17-May-06
26-Dec-07
05-Dec-07
08-Jun-11
AUDIT COMMITTEE
1. Farid Harianto
2. Herbudianto
3. Indra Simarta
CORPORATE SECRETARY
Jenny Kuistono
HEAD OFFICE
Menara Matahari 22nd Fl., Jln. Boulevard Palem Raya No. 7
Lippo Karawaci
Tangerang - 15811
Phone : (021) 256-69000
Fax
: (021) 256-69099
Homepage
Email
F/I
: www.lippokarawaci.co.id
: corsec@lippokarawaci.co.id
103
Volume
(Mill. Sh)
2,000
4,800
1,750
4,200
1,500
3,600
1,250
3,000
1,000
2,400
750
1,800
500
1,200
250
600
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
135%
95.9%
90%
71.6%
45%
-45%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
SHARES TRADED
2010
2011
2012
36,839
20,680
352
245
26,623
17,618
250
247
12,933
10,947
153
246
26,782
33,257
548
244
2,156
2,025
37
20
750
345
680
680
870
500
660
660
1,120
650
1,000
1,000
1,850
850
910
910
1,000
855
950
950
26.26
11.09
1.62
9.30
17.34
2.01
17.25
17.79
1.52
18.01
16.27
1.59
Price (Rupiah)
High
Low
Close
Close*
27.99
PER (X)
9.97
PER Industry (X)
1.91
PBV (X)
* Adjusted price after corporate action
104
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
570
540
640
640
580
570
510
530
600
710
700
750
Low
495
480
495
560
345
390
470
480
470
530
610
620
Close
530
500
600
580
425
500
485
500
560
620
680
680
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
750
610
620
810
810
680
780
870
760
680
680
680
510
500
530
590
610
620
630
640
620
570
600
620
570
540
610
780
680
650
780
740
680
640
630
660
28,801
18,516
19,855
18,261
22,025
18,941
23,869
27,728
26,990
23,229
11,310
10,394
3,093,422
2,130,767
2,184,902
2,741,114
4,006,475
3,595,616
1,698,345
2,175,672
1,736,178
1,379,677
988,661
891,879
1,933,172
1,182,383
1,233,282
1,948,330
2,803,561
2,349,313
1,189,915
1,672,375
1,226,393
873,259
630,004
575,944
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
690
730
830
850
830
810
910
1,010
990
990
1,090
1,120
650
660
680
790
740
720
790
830
870
900
910
970
670
700
800
830
790
800
890
870
990
930
1,070
1,000
7,523
10,764
16,038
12,981
7,519
8,994
11,596
14,052
10,666
11,956
22,082
18,552
673,010
1,138,080
1,807,733
1,125,450
1,009,310
864,314
1,077,348
1,025,678
710,159
750,374
1,517,269
1,234,505
452,467
798,503
1,321,460
926,085
813,505
662,445
903,591
946,477
659,702
715,666
1,484,768
1,262,027
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
1,050
1,130
1,380
1,420
1,840
1,850
1,520
1,420
1,370
1,190
1,150
990
980
1,000
1,100
1,270
1,330
1,400
1,070
850
930
990
860
870
1,030
1,130
1,370
1,350
1,840
1,520
1,280
1,150
1,090
1,130
910
910
18,954
19,101
27,626
47,000
69,663
56,929
59,085
45,795
64,901
68,222
41,217
29,306
1,044,107
1,320,934
1,944,365
1,764,716
4,005,347
2,584,811
2,688,034
1,988,899
2,818,915
2,516,548
2,116,780
1,988,284
1,060,012
1,410,229
2,354,312
2,375,613
6,269,291
4,219,775
3,436,476
2,346,408
3,229,906
2,710,895
2,026,117
1,817,800
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
1,000
855
950
37,016
2,155,619
2,024,577
20
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Aryanto, Amir Jusuf, Mawar & Saptoto (Member of RSM International)
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
1,533,260
3,660,087
2,174,561
3,337,357
1,855,052
Receivables
6,492,548
812,686
923,556
605,801
781,409
Inventories
230,806
7,068,539
Investment
498,496
1,052,210
2,963,651
85,784
130,431
1,245,661
1,206,375
210,276
2,222,377
2,810,892
197,543
269,536
419,508
60,968
BALANCE SHEET
Fixed Assets
Other Assets
Total Assets
Assets
33.21%
13.02%
-
294,507
275,531
416,871
6,838,712
7,975,968
Growth (%)
Bank Payable
Trade Payable
Total Liabilities
Growth (%)
36.20%
Liabilities
32,500
26,000
19,500
13,000
25.86%
6,500
70,825
59,680
575,701
397,748
2009
2010
2011
2012
2013
16.63%
10.96%
51.40%
27.79%
TOTAL EQUITY (Bill. Rp)
Authorized Capital
4,000,000
6,400,000
6,400,000
6,400,000
6,400,000
Paid up Capital
1,730,215
2,162,769
2,307,769
2,307,769
2,307,769
17,302
21,628
23,078
23,078
23,078
100
100
100
100
100
1,778,486
2,254,001
2,907,500
3,790,222
4,748,453
4,887,241
INCOME STATEMENTS
Total Revenues
7,709,908
57.76%
Growth (%)
22.04%
21.91%
23.60%
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
2,565,101
3,125,313
4,189,580
6,160,214
6,666,214
21.84%
34.05%
47.04%
8.21%
3,619,572
Growth (%)
Cost of Revenues
1,378,533
1,601,542
2,293,260
3,339,267
Gross Profit
1,186,568
1,523,770
1,896,320
2,820,947
3,046,643
Operating Expenses
705,861
802,411
968,324
1,271,753
1,103,623
Operating Profit
480,707
721,359
927,996
1,549,193
1,943,020
50.06%
28.65%
66.94%
25.42%
30,731
-8,262
56,814
27,895
-18,190
526,658
719,254
984,810
1,577,088
1,924,830
Growth (%)
14,178
14,178
11,470
11,285
9,409
7,710
8,393
5,501
4,887
2,609
-284
2009
2010
2011
2012
2013
6,666
6,666
5,306
90,173
124,733
170,716
254,241
332,339
436,485
594,521
814,094
1,322,847
1,592,491
36.21%
36.93%
62.49%
20.38%
Growth (%)
4,190
3,946
2,565
3,125
2,586
1,227
Period Attributable
436,485
525,346
708,282
1,060,222
1,228,230
Comprehensive Income
388,053
568,603
579,917
2,482,548
1,676,148
499,428
474,105
2,219,923
1,311,887
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
7.21
7.79
11.85
EPS (Rp)
25.23
24.29
30.69
45.94
53.22
BV (Rp)
282.46
356.48
407.71
497.02
614.34
DAR (X)
0.56
0.49
0.48
0.54
0.55
DER(X)
1.40
1.03
0.94
1.17
1.21
ROA (%)
3.60
3.68
4.46
5.32
5.09
Comprehensive Attributable
RATIOS
Dividend (Rp)
ROE (%)
8.93
7.71
8.65
11.53
11.23
GPM (%)
46.26
48.76
45.26
45.79
45.70
OPM (%)
18.74
23.08
22.15
25.15
29.15
NPM (%)
17.02
19.02
19.43
21.47
23.89
29.68
25.38
25.79
Yield (%)
1.06
1.18
1.19
-133
2009
2010
2011
2012
2013
1,323
1,268
814
943
595
618
436
293
-32
2009
2010
2011
2012
2013
105
CC O
OM
M PP A
AN
N YY RR EE PP O
O RR TT
LSIP
PP LONDON SUMATRA INDONESIA TBK.
Company Profile
PT Perusahaan Perkebunan London Sumatra Indonesia Tbk. was established December
18th, 1962.
The Company commenced its commercial operations in 1963 and engaged in the
plantation business located in North Sumatera, South Sumatera, Java, East Kalimantan,
North Sulawesi, and South Sulawesi with a total planted area of 110,579 hectares as of
December 31st, 2013. The main products are crude palm oil and rubber, and small
quantities of cocoa, tea and seeds.
The Company is domiciled in Jakarta while operational branch offices located in Medan,
Palembang, Makassar, Surabaya and Samarinda. The Companys registered office address
is at Prudential Tower 15th Fl., Jln. Jend. Sudirman Kav. 79, Jakarta.
Lonsums 38 inti estates (Company owned) and 14 plasma estates (smallholder farmer),
which are currently operational in Sumatra, Java, Kalimantan and Sulawesi, make use of
advanced research and development as well as agro-management expertise and a highly
skilled and an experienced workforce. The scope of the business has broadened to include
plant breeding, planting, harvesting, milling, processing and the selling of palm products,
rubber, cocoa and tea. The Company now has 20 factories which are operational in
Sumatra, Java and Sulawesi. Lonsum is known in the industry for the quality of its oil palm
an cocoa seeds, and this high-tech business is now a major growth driver for the Company.
PT Salim Ivomas Pratama Tbk. (SIMP) and First Pacific Company Limited, Hong Kong, are
the parent companies and the ultimate parent companies of the Group.
The Company has direct and indirect ownership in
PT Multi Agro Kencana Prima,
Lonsum Singapore Pte. Ltd.,
PT Tani Musi Persada,
PT Sumatera Agri Sejahtera,
PT Tani Andalas Sejahtera,
Agri Investments Pte., Ltd., and
Sumatera Bioscience Pte. Ltd. Singapore.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
106
LSIP
As of 30 January 2014
Development Board
Industry Sector : Agriculture (1)
Industry Sub Sector : Plantation (12)
Individual Index
:
Listed Shares
:
Market Capitalization :
427.097
6,822,863,965
11,291,839,862,075
COMPANY HISTORY
Established Date
: 18-Dec-1962
Listing Date
: 05-Jul-1996
Under Writer IPO :
PT Danareksa Sekuritas
Securities Administration Bureau :
PT Raya Saham Registra
Plaza Central Building 2nd Fl.
Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930
Phone : (021) 252-5666
Fax
: (021) 252-5028
BOARD OF COMMISSIONERS
1. Franciscus Welirang
2. Axton Salim
3. Edy Sugito *)
4. Hans Ryan Aditio
5. Hendra Widjaja
6. Monang Silalahi *)
7. Tengku Alwin Aziz *)
8. Werianty Setiawan
*) Independent Commissioners
BOARD OF DIRECTORS
1. Benny Tjoeng
2. Joefly Joesoef Bahroeny
3. Mark Julian Wakeford
4. Paulus Moleonoto
5. Sonny Lianto
6. Tio Eddy Hariyanto
7. Tjhie Tje Fie (Thomas Tjhie)
4,058,425,010 :
2,764,438,955 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
1997
1996
1997
2005
2008
2009
2010
2011
2012
Shares
10 : 14
Dividend
110.00
30.00
75.00
208.00
209.00
61.00
100.00
66.00
Cum Date
23-Jul-97
23-Jul-97
14-Jul-98
20-Jul-06
26-May-09
17-Jun-10
16-Jun-11
05-Jun-12
14-Jun-13
Ex Date
24-Jul-97
24-Jul-97
15-Jul-98
21-Jul-06
27-May-09
18-Jun-10
17-Jun-11
06-Jun-12
17-Jun-13
Recording
Date
01-Aug-97
01-Aug-97
23-Jul-98
25-Jul-06
29-May-09
22-Jun-10
21-Jun-11
08-Jun-12
19-Jun-13
59.48%
40.52%
Payment
Date
25-Aug-97
25-Aug-97
20-Aug-98
07-Aug-06
05-Jun-09
06-Jul-10
06-Jul-11
22-Jun-12
03-Jul-13
F
F
F
F
F
F
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
Type of Listing
First Issue
Company Listing
Bonus Shares
Additional Listing without RI
Mandatory Convertible Note Conversion
Mandatory Convertible Note Conversion
Stock Splits
Shares
38,800,000
163,538,872
283,274,421
280,096,500
329,519,500
269,343,500
5,458,291,172
Listing
Date
05-Jul-96
05-Jul-96
26-Aug-97
24-Jun-04
22-Sep-04
02-Nov-07
25-Feb-11
Trading
Date
05-Jul-96
05-Jul-96
26-Aug-97
24-Jun-04
22-Sep-04
02-Nov-07
25-Feb-11
AUDIT COMMITTEE
1. Monang Silalahi
2. Hendra Susanto
3. Timotius
CORPORATE SECRETARY
Endah Resmiati Madnawidjaja
HEAD OFFICE
Prudential Tower 15th Fl.
Jln. Jend. Sudirman Kav. 79
Jakarta - 12910
Phone : (021) 5795-7718
Fax
: (021) 5795-7719
Homepage
Email
F/I
: www.londonsumatra.com
: lonsum@londonsumatra.com
endah.resmiati@londonsumatra.com
107
Closing
Price*
Volume
(Mill. Sh)
3,200
160
2,800
140
2,400
120
2,000
100
1,600
80
1,200
60
800
40
400
20
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
71.6%
50%
25%
8.5%
-2.6%
-25%
-50%
-75%
Jan 10
Jan 11
SHARES TRADED
Volume (Million Sh.)
Value (Billion Rp)
Frequency (Thou. X)
Days
Price (Rupiah)
High
Low
Close
Close*
Jan 12
Jan 14
2010
2011
2012
959
9,217
122
245
2,928
8,117
162
247
3,744
9,452
180
246
6,246
10,205
338
244
1,055
1,739
73
20
12,850
7,300
12,850
2,570
13,000
1,710
2,250
2,250
3,150
1,830
2,300
2,300
2,525
960
1,930
1,930
1,980
1,470
1,655
1,655
7.34
1.79
2.63
13.98
33.17
2.50
22.30
20.59
2.10
19.12
20.99
1.80
16.97
PER (X)
0.14
PER Industry (X)
3.85
PBV (X)
* Adjusted price after corporate action
108
Jan 13
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
LSIP
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
Low Close
9,450 8,300 8,500
9,150 8,100 9,000
10,100 8,700 9,800
10,350 9,300 9,700
9,850 7,300 8,300
8,750 7,900 8,300
9,200 7,450 8,850
9,950 8,750 9,350
10,500 9,200 9,850
12,000 9,700 11,700
12,800 11,100 11,350
12,850 11,100 12,850
(X)
7,841
6,799
7,774
6,865
9,304
10,802
21,897
12,866
10,845
9,535
7,368
10,091
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
12,316
13,520
23,339
12,961
16,005
9,902
10,700
10,196
13,810
18,353
10,456
10,742
71,801
97,341
518,476
380,973
365,400
243,655
261,351
209,783
122,610
270,922
225,400
159,936
867,920
931,577
1,182,549
906,012
882,264
567,749
607,726
487,230
261,295
553,930
514,122
354,428
21
18
23
20
21
20
21
19
20
21
22
21
20
19
22
21
19
22
22
21
17
21
21
20
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
2,500
2,825
3,000
3,150
2,925
2,775
3,050
2,925
2,600
2,450
2,450
2,325
2,175
2,425
2,600
2,775
2,275
2,375
2,625
2,400
2,325
2,250
1,840
1,830
2,425
2,650
2,875
2,925
2,400
2,675
2,750
2,400
2,450
2,325
1,870
2,300
11,452
14,768
16,140
13,819
17,778
14,991
13,935
15,952
16,586
14,768
13,104
16,652
198,053
308,800
255,649
275,157
343,268
205,735
313,397
412,381
456,401
375,878
264,249
334,739
474,007
813,243
715,984
807,841
870,742
529,766
887,075
1,090,181
1,129,082
876,755
577,970
679,771
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
2,525
2,325
2,125
1,930
1,940
1,980
1,740
1,500
1,670
1,640
1,870
2,050
2,150
2,025
1,810
1,520
1,490
1,670
1,120
960
1,260
1,230
1,600
1,740
2,200
2,075
1,930
1,520
1,920
1,720
1,120
1,490
1,270
1,600
1,840
1,930
17,678
14,561
22,788
18,150
24,889
34,477
39,032
41,005
42,086
32,600
26,145
24,982
323,112
260,360
292,084
267,715
393,131
528,876
633,985
883,004
794,744
804,006
553,262
511,934
747,259
572,168
572,071
477,137
672,303
966,936
848,808
1,082,001
1,163,598
1,161,385
971,603
970,207
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
1,980
1,470
1,655
72,532
1,054,575
1,738,764
20
LSIP
Public Accountant : Purwantono, Suherman & Surja (Member of Ernst & Young Global Limited)
BALANCE SHEET
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
682,249
1,160,688
2,063,982
1,799,137
1,401,395
Assets
Receivables
77,406
38,802
112,071
52,132
116,796
Inventories
192,133
264,473
368,244
645,954
374,485
Current Assets
964,362
1,487,257
2,567,657
2,593,816
1,999,126
1,603,497
1,728,694
1,824,630
2,229,928
2,776,825
Fixed Assets
Other Assets
Total Assets
5,250
81,949
93,111
87,691
61,331
63,000
5,561,433
6,791,859
7,551,796
7,974,876
14.61%
22.12%
11.19%
5.60%
1,750
-
Current Liabilities
686,189
621,593
531,326
792,482
804,428
352,623
385,735
421,109
479,601
556,461
1,038,812
1,007,328
952,435
1,272,083
1,360,889
-3.03%
-5.45%
33.56%
6.98%
Total Liabilities
7,000
4,852,277
Growth (%)
Growth (%)
Liabilities
8,750
3,500
2009
2010
2011
2012
2013
800,000
800,000
800,000
800,000
800,000
Paid up Capital
682,286
682,286
682,286
682,286
682,286
1,365
1,365
6,823
6,823
6,823
500
500
100
100
100
Retained Earnings
2,100,867
2,841,507
4,126,893
4,560,793
4,879,977
Total Equity
3,813,465
4,554,105
5,839,424
6,279,713
6,613,987
19.42%
28.22%
7.54%
5.32%
6,280
6,614
6,614
5,839
4,554
5,265
3,813
3,915
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
3,199,687
3,592,658
4,686,457
4,211,578
4,133,679
12.28%
30.45%
-10.13%
-1.85%
Growth (%)
Cost of Revenues
1,809,194
1,821,244
2,324,138
2,530,503
2,880,220
Gross Profit
1,390,493
1,771,414
2,362,319
1,681,075
1,253,459
Expenses (Income)
Operating Profit
371,842
371,894
356,795
357,102
227,810
1,018,651
1,399,520
2,005,524
1,323,973
1,025,649
37.39%
43.30%
-33.98%
-22.53%
2,566
1,217
-132
2009
2010
2011
2013
Growth (%)
2012
4,212
4,134
2012
2013
3,593
3,730
-10,512
-17,738
84,989
48,110
-28,658
1,008,139
1,381,782
2,090,513
1,372,083
996,991
Tax
300,652
348,453
389,000
256,544
228,366
707,487
1,033,329
1,701,513
1,115,539
768,625
46.06%
64.66%
-34.44%
-31.10%
Growth (%)
3,200
2,774
1,818
862
707,487
1,033,329
1,701,580
1,116,186
769,493
Comprehensive Income
1,033,329
1,701,513
1,122,575
788,003
Comprehensive Attributable
1,033,329
1,701,580
1,123,222
788,871
Period Attributable
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
140.54
239.27
483.25
327.30
248.52
Dividend (Rp)
209.00
61.00
100.00
66.00
RATIOS
518.47
757.25
249.39
163.60
112.78
BV (Rp)
2,794.62
3,337.39
855.86
920.39
969.39
DAR (X)
0.21
0.18
0.14
0.17
0.17
EPS (Rp)
-94
2009
2010
2011
1,354
1,116
1,033
1,007
0.27
0.22
0.16
0.20
0.21
ROA (%)
14.58
18.58
25.05
14.77
9.64
ROE (%)
18.55
22.69
29.14
17.76
11.62
GPM (%)
43.46
49.31
50.41
39.92
30.32
OPM (%)
31.84
38.96
42.79
31.44
24.81
NPM (%)
22.11
28.76
36.31
26.49
18.59
40.31
8.06
40.10
40.34
2.50
0.47
4.44
2.87
DER(X)
Yield (%)
769
707
660
313
-34
2009
2010
2011
2012
2013
109
COMPANY REPORT
MAIN
MALINDO FEEDMILL TBK.
Company Profile
PT Malindo Feedmill Tbk. was established in 1997 and The company is one of the growing
main played in agri-food industry.
The company produces and trades animal feed, particularly broiler breeder feed, broiler
layer feed, layer breeder feed and Commercial Day Chicks (DOC). The company also invests
in subsidiaries that produces and markets parent stock DOC, Commercial DOC and Broiler
chickens.
The company commenced commercial operations in 1998. The Company is domiciled in
Duta Mas Fatmawati, Jln. RS Fatmawati No. 39, Jakarta. The Companys plants are located
in Jakarta, East Java and Banten, while its farms are located in West Java, Central Java, East
Java, Sumatera and South Kalimantan.
The company produce variety of feed to suits market requirements and customers needs.
The main type of feed produce are:
a. Poultry feed from breeder feed, broiler feed and layer feed.
b. Fish feed.
The Company and Subsidiaries had a total of 2,989 permanent employees as of December
31st, 2013.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
110
As of 30 January 2014
Development Board
Industry Sector : Basic Industry And Chemicals (3)
Industry Sub Sector : Animal Feed (36)
Individual Index
:
Listed Shares
:
Market Capitalization :
1,855.114
1,695,000,000
5,534,175,000,000
COMPANY HISTORY
Established Date
: 10-Jun-1997
Listing Date
: 27-Jan-2006
Under Writer IPO :
PT CIMB-GK Securities Indonesia
PT Republik Securities
PT Makinta Securities
PT Nusadana Capital Indonesia
PT Equity Development Securities
Securities Administration Bureau :
PT Sinartama Gunita
Plaza BII Menara 1, 9th Fl.
Jln. M.H. Thamrin No. 51 Jakarta 10350
Phone : (021) 392-2332
Fax
: (021) 392-3003
BOARD OF COMMISSIONERS
1. Lau Bong Wong
2. Tan Lai Kai
3. Yongkie Handaya *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Lau Chia Nguang
2. Abdul Azim Bin Mohamad Zabidi
3. Lau Tuang Nguang
4. Mazlan bin A. Talib
5. Ong Beng Siong
6. Tang Ung Lee
7. Teoh Bee Tang
1,001,675,000 :
693,325,000 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
2005
2006
2006
2007
2008
2009
2010
2010
2011
2012
Shares
Dividend
70.00
25.00
63.00
25.00
4.00
56.00
70.00
23.00
25.00
36.00
Cum Date
27-Jul-06
09-Nov-06
09-Oct-07
17-Dec-08
06-Aug-09
06-Sep-10
17-Dec-10
16-Sep-11
06-Dec-12
08-Nov-13
Ex Date
28-Jul-06
10-Nov-06
10-Oct-07
18-Dec-08
07-Aug-09
07-Sep-10
20-Dec-10
19-Sep-11
07-Dec-12
11-Nov-13
Recording
Date
01-Aug-06
14-Nov-06
17-Oct-07
22-Dec-08
11-Aug-09
16-Sep-10
22-Dec-10
21-Sep-11
11-Dec-12
13-Nov-13
59.00%
41.00%
Payment
Date
15-Aug-06
28-Nov-06
31-Oct-07
30-Dec-08
26-Aug-09
30-Sep-10
28-Dec-10
29-Sep-11
27-Dec-12
27-Nov-13
F
I
I
F
F
F
I
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
Type of Listing
First Issue
Company Listing
Stock Splits
Shares
61,000,000
278,000,000
1,356,000,000
Listing
Date
10-Feb-06
10-Feb-06
15-Jun-11
Trading
Date
10-Feb-06
10-Oct-06
15-Jun-11
AUDIT COMMITTEE
1. Yongkie Handaya
2. Evyliana Diapary
3. Koh Kim Chui
4. Rachmad
CORPORATE SECRETARY
Rudy Hartono Husin
HEAD OFFICE
Jln. R.S. Fatmawati No. 39
Komplek Duta Mas Fatmawati Blok A1 No. 30 - 32
Cipete Utara Kebayoran Baru, Jakarta - 12150
Phone : (021) 766-1727, 722-8383
Fax
: (021) 766-1728, 723-7778
Homepage
Email
F/I
: www.malindofeedmill.co.id
: rudy.hartono@malindofeedmill.co.id
111
Closing Price
Volume
(Mill. Sh)
4,200
160
3,675
140
3,150
120
2,625
100
2,100
80
1,575
60
1,050
40
525
20
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
920
1,130
1,150
1,180
970
1,300
1,460
1,350
3,750
3,625
Low
880
890
890
900
950
1,050
1,130
1,020
1,260
2,700
Close
920
910
1,150
970
970
970
970
1,300
1,320
1,180
3,375
3,200
(X)
139
265
130
87
23
10
11
16
50
38
7,001
3,811
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
3,450
3,925
5,300
5,850
6,000
5,700
1,110
1,280
1,220
1,140
1,110
980
2,850
3,325
3,975
5,200
5,250
1,000
1,000
890
940
990
890
890
3,350
3,925
5,300
5,800
5,700
1,010
1,070
1,180
1,060
1,030
930
980
1,528
2,065
4,573
5,264
5,726
4,599
12,764
17,939
12,260
13,953
15,060
13,083
4,479
13,347
17,481
41,545
39,029
77,410
288,410
287,369
185,239
201,605
185,824
144,441
14,861
46,571
80,893
228,571
220,871
157,183
304,139
330,011
205,788
214,965
178,979
134,624
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
1,180
1,090
1,090
1,210
1,400
1,490
1,790
1,640
1,570
1,670
2,150
2,500
960
980
1,000
1,010
1,130
1,070
1,420
1,450
1,320
1,500
1,610
1,970
1,040
1,030
1,060
1,130
1,190
1,490
1,640
1,480
1,540
1,640
2,150
2,375
16,430
36,526
21,390
11,084
20,295
19,769
18,270
17,577
22,474
28,306
15,958
14,299
232,418
195,120
149,683
125,168
200,009
188,984
209,275
146,068
172,813
274,007
248,284
219,325
261,039
200,352
156,411
133,182
258,717
244,570
338,938
223,268
252,549
438,097
461,939
491,050
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
2,725
3,050
3,375
3,125
4,300
3,825
3,725
3,400
3,550
3,650
3,475
3,375
2,250
2,350
2,900
2,600
2,675
3,050
3,075
2,200
2,525
3,250
2,950
3,000
2,525
3,025
3,100
2,800
3,725
3,650
3,125
2,575
3,475
3,375
3,375
3,175
27,046
18,921
22,309
30,637
30,222
21,064
19,894
15,967
17,975
15,752
14,959
12,234
315,891
369,736
261,965
361,448
298,429
195,444
191,633
113,986
151,729
127,338
131,610
105,457
772,837
988,763
819,735
1,031,438
1,018,737
695,785
649,081
328,458
486,905
438,814
429,357
335,707
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
3,565
3,180
3,265
11,481
54,179
181,938
20
16
16
22
21
9
2
3
8
9
12
13
20
2,240%
1,920%
1734.3%
1,600%
1,280%
960%
640%
320%
86.2%
71.6%
-320%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
SHARES TRADED
2010
2011
2012
2013 Jan-14
152
235
12
151
1,486
2,117
109
247
2,361
3,460
242
246
2,625
7,996
247
244
54
182
11
20
3,750
880
3,200
640
6,000
890
980
980
2,500
960
2,375
2,375
4,300
2,200
3,175
3,175
3,565
3,180
3,265
3,265
8.10
10.41
3.94
13.31
9.79
5.90
16.66
17.44
6.23
17.13
13.29
6.41
Price (Rupiah)
High
Low
Close
Close*
6.03
PER (X)
12.86
PER Industry (X)
4.20
PBV (X)
* Adjusted price after corporate action
112
Dec-10
Dec-11
Dec-12
Dec-13
69,766
118,971
87,179
90,563
82,819
Receivables
134,908
112,697
174,385
231,252
303,120
Inventories
121,535
116,963
239,006
262,603
391,892
Current Assets
549,324
507,412
720,454
894,204
996,981
Fixed Assets
292,012
420,295
561,328
854,678
1,128,473
BALANCE SHEET
Other Assets
Total Assets
Assets
1,800
1,350
93
130
127
885,348
966,319
1,327,801
1,799,882
2,214,399
9.15%
37.41%
35.55%
23.03%
450
-
Growth (%)
Current Liabilities
415,555
356,573
515,044
852,741
986,471
351,142
353,902
390,932
265,270
365,444
Total Liabilities
766,696
710,475
905,977
1,118,011
1,351,916
-7.33%
27.52%
23.40%
20.92%
Growth (%)
Liabilities
2,250
900
2009
2010
2011
2012
2013
58,587
58,587
58,587
58,587
58,587
Paid up Capital
33,900
33,900
33,900
33,900
33,900
339
339
1,695
1,695
1,695
Par Value
100
100
20
20
20
Retained Earnings
187,224
324,476
490,749
751,129
931,356
Total Equity
120,794
258,046
421,825
681,871
862,483
113.63%
63.47%
61.65%
26.49%
862
862
682
687
422
511
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
1,868,616
2,036,519
2,634,461
3,349,567
4,193,082
8.99%
29.36%
27.14%
25.18%
Growth (%)
1,636,114
1,648,161
2,173,770
2,711,125
3,475,173
Gross Profit
232,502
388,358
460,691
638,442
717,909
Expenses (Income)
100,613
129,007
150,161
190,701
341,424
Operating Profit
131,889
259,351
310,530
447,741
376,485
96.64%
19.73%
44.19%
-15.91%
Cost of Revenues
258
335
121
159
-17
2009
2010
2011
2012
2013
Growth (%)
3,350
3,338
-19,527
-34,446
-45,919
-64,665
-65,597
112,362
224,905
264,611
383,076
310,888
Tax
36,906
44,999
59,645
80,655
69,255
75,456
179,906
204,966
302,421
241,633
138.42%
13.93%
47.55%
-20.10%
Growth (%)
2,634
2,482
1,869
2,037
1,627
772
Period Attributable
75,456
179,966
205,258
302,755
241,247
Comprehensive Income
75,970
179,906
204,966
302,421
-241,633
179,966
205,258
302,755
241,247
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
132.19
142.30
139.88
104.86
101.07
56.00
93.00
25.00
36.00
EPS (Rp)
222.59
530.87
121.10
178.62
142.33
BV (Rp)
356.32
761.20
248.86
402.28
508.84
DAR (X)
0.87
0.74
0.68
0.62
0.61
DER(X)
6.35
2.75
2.15
1.64
1.57
ROA (%)
8.52
18.62
15.44
16.80
10.91
ROE (%)
62.47
69.72
48.59
44.35
28.02
GPM (%)
12.44
19.07
17.49
19.06
17.12
OPM (%)
7.06
12.73
11.79
13.37
8.98
NPM (%)
4.04
8.83
7.78
9.03
5.76
25.16
17.52
20.64
20.15
6.22
2.91
2.55
1.52
Comprehensive Attributable
RATIOS
Current Ratio (%)
Dividend (Rp)
-84
2009
2010
2011
2012
2013
242
241
205
180
179
117
75
56
-6
2009
2010
2011
2012
2013
113
COMPANY REPORT
MLPL
MULTIPOLAR TBK.
Company Profile
PTMultipolarTbk.wasestablishedonDecember4th,1975.Currently,theCompanyprimarily
engaged in the field of telecommunications, informatics industry, general trade including
import trade, export, interinsulair, local and retail, services development and property
management/real estate, renting spaces in the store. Last parent Company and its
subsidiaries are Lanius Limited. Company started commercial operations on December 4,
1975.
TheCompanyhasdirectownershipinthefollowingsubsidiaries:
PTMatahariPutraPrimaTbk.,
PTMatahariPacific,
PTNadyaPutraInvestama,
PTKharismaArthaSejati,
PTReksaPuspitaKarya,
PTMultipolarTechnologyTbk,
PTSuryaCiptaInvestama,
PTGeneralArthaSejati,
PTAirPasifikUtama,
PTCahayaArthaSejati,
PrimeStarInvestmentPte.Ltd.,
PTMultipolarMultimediaPrima,
PTPrimaCakrawalaSentosa,and
PacificEmeraldPte.Ltd.
NumberofEmployeesoftheCompanyonDecember31st,2013was16,402Employees.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
114
As of 30 January 2014
Development Board
Industry Sector : Trade, Services & Investment (9)
Industry Sub Sector : Investment Company (98)
Individual Index
:
Listed Shares
:
Market Capitalization :
47.829
10,064,747,323
4,196,999,633,691
COMPANY HISTORY
Established Date
: 04-Dec-1975
Listing Date
: 06-Nov-1989
Under Writer IPO :
PT Finconesia
PT Multicor
Securities Administration Bureau :
PT Sharestar Indonesia
Beritasatu Plasa 7th Fl.
Jln. Jend. Gatot Subroto Kav. 35 - 36 Jakarta 12950
Phone : (021) 527-7966
Fax
: (021) 527-7967
BOARD OF COMMISSIONERS
1. Theo L. Sambuaga
2. Isnandar Rachmat Ali *)
3. Jeffrey Koes Wonsono
4. Jonathan L. Parapak *)
5. Vivien G. Setiabudi
*) Independent Commissioners
BOARD OF DIRECTORS
1. Eddy H. Handoko
2. Bunjamin J. Mailool
3. Harijono Suwarno
4. Lina H. Latif
5. Reynold Pena Ong
6. Richard H. Setiadi
AUDIT COMMITTEE
1. Isnandar Rachmat Ali
2. Ridwan Masui
3. A. Sonny Soedjadi
2,714,279,928 :
508,464,505 :
6,842,002,890 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
1989
1991
1992
1992
1994
1995
1995
2006
2007
2010
2011
2012
Shares
1:2
Dividend
185.00
240.00
240.00
35.00
45.00
55.00
16.00
1.00
1.00
10.00
1.00
1.00
Cum Date
21-Sep-90
08-Oct-91
09-Oct-92
12-Oct-93
10-Oct-94
11-Oct-95
03-Oct-96
15-Jun-07
15-Apr-08
07-Mar-11
22-May-12
16-May-13
Recording
Date
28-Sep-90
18-Oct-91
19-Oct-92
20-Oct-93
18-Oct-94
20-Oct-95
14-Oct-96
20-Jun-07
18-Apr-08
10-Mar-11
25-May-12
21-May-13
Ex Date
24-Sep-90
09-Oct-91
10-Oct-92
13-Oct-93
11-Oct-94
12-Oct-95
04-Oct-96
18-Jun-07
16-Apr-08
08-Mar-11
23-May-12
17-May-13
26.97%
5.05%
67.98%
Payment
Date
10-Oct-90
06-Nov-91
06-Nov-92
06-Nov-93
16-Nov-94
16-Nov-95
12-Nov-96
04-Jul-07
05-May-08
24-Mar-11
07-Jun-12
04-Jun-13
F
F
F
F
F
F
F
I
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
Type of Listing
First Issue
Company Listing
Bonus Shares
Right Issue
Stock Split
Additional Listing
Warrant
Reverse Stocks
Warrant II
Shares
4,328,000
7,100,000
22,856,000
12,555,991,940
137,136,000
89,000,000
560
-5,088,869,670
2,337,204,493
T:
T:
T:
T:
Listing
Date
06-Nov-89
16-Jul-90
09-Nov-92
12-Jul-96
01-Apr-97
27-Jul-00
02-Dec-09
07-Apr-10
07-Mar-11
:
:
:
:
Trading
Date
06-Nov-89
24-Jul-90
09-Nov-92
03-Jun-10
01-Apr-97
27-Jul-00
10-Dec-09
07-Apr-10
17-Apr-13
CORPORATE SECRETARY
Chrysologus RN Sinulingga
HEAD OFFICE
Menara Matahari 21st Fl.
Jln. Bolevar Palem Raya No. 7, Lippo Karawaci 1200
Tangerang - 15811
Phone : (021) 546-8888
Fax
: (021) 547-5147
Homepage
Email
F/I
: www.multipolar-group.com
: multipolar@multipolar.co.id
chrys.sinulingga@multipolar-group.com
115
Volume
(Mill. Sh)
800
640
700
560
600
480
500
400
400
320
300
240
200
160
100
80
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
181.3%
180.6%
130%
71.6%
65%
-65%
Jan 10
Jan 11
SHARES TRADED
Volume (Million Sh.)
Value (Billion Rp)
Frequency (Thou. X)
Days
Price (Rupiah)
High
Low
Close
Close*
Jan 12
Jan 14
2010
2011
2012
10,686
1,847
155
245
4,923
1,226
148
247
3,281
621
72
246
20,093
10,516
291
244
487
191
17
20
380
57
300
300
340
124
151
151
265
111
205
205
820
200
360
360
438
350
417
417
7.62
16.89
0.14
6.19
19.08
0.22
1.77
15.43
0.40
2.04
17.12
0.47
0.82
PER (X)
21.27
PER Industry (X)
0.48
PBV (X)
* Adjusted price after corporate action
116
Jan 13
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
106
109
84
270
124
110
100
104
137
255
250
380
Low
59
59
57
65
75
93
87
91
94
130
200
220
Close
103
63
69
123
97
98
95
95
128
225
220
300
(X)
13,628
15,303
12,791
14,338
7,264
4,829
2,699
5,247
9,036
27,876
8,417
33,338
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
340
320
265
270
285
260
255
230
184
158
164
157
270
235
230
250
240
205
200
179
126
124
136
145
310
245
260
255
250
210
225
180
141
148
147
151
13,075
9,390
8,518
23,397
21,858
4,027
28,275
8,966
18,634
5,499
3,654
2,320
1,001,415
654,138
412,376
484,726
542,904
217,135
672,730
324,053
275,799
158,937
133,045
45,292
312,641
180,207
101,411
126,786
142,048
49,387
153,637
66,157
44,633
22,172
19,709
6,829
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
170
159
147
138
155
128
141
139
255
240
265
250
150
141
132
111
118
114
121
122
124
190
180
205
154
142
139
125
128
121
136
125
220
191
235
205
3,022
2,879
1,122
4,642
8,149
1,153
3,234
2,219
20,725
5,888
14,277
4,626
84,982
66,719
28,162
115,738
253,772
44,931
96,631
96,862
1,176,791
340,658
724,236
251,045
13,217
9,829
3,863
14,197
35,544
5,339
12,758
12,858
221,252
71,176
163,780
57,032
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
335
520
730
620
800
820
660
590
445
415
420
380
200
330
450
520
580
485
485
390
315
350
360
350
330
450
570
590
780
580
530
435
350
405
370
360
9,377
39,631
47,231
22,933
34,991
40,297
26,801
13,776
28,136
12,381
8,908
6,556
841,644
3,933,731
3,952,072
1,351,481
2,357,161
2,538,156
1,378,244
765,372
1,395,162
791,087
487,111
301,598
227,666
1,656,719
2,350,772
770,465
1,657,469
1,560,206
781,146
381,446
523,027
309,259
188,560
109,588
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
438
350
417
17,036
486,526
191,141
20
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Aryanto, Amir Jusuf, Mawar & Saptoto (Member of RSM International)
BALANCE SHEET
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
2,428,942
3,403,788
2,039,663
2,875,259
4,301,461
Assets
Receivables
247,055
436,243
223,397
231,454
349,050
Inventories
1,233,082
1,057,447
1,413,534
2,064,262
2,925,163
Current Assets
5,924,727
7,006,683
5,999,664
6,961,406 12,055,961
Fixed Assets
2,282,299
2,012,332
2,262,732
2,593,069 30,192,440
288,502
203,597
401,349
Other Assets
Total Assets
203,426
425,192
Growth (%)
12,750
8,500
2.13%
-1.58%
43.77%
4,250
-
3,625,814
3,705,603
4,042,864
4,671,652
7,851,921
4,799,972
1,810,532
2,123,104
2,363,458
3,426,221
Total Liabilities
8,425,786
5,516,135
6,165,968
7,035,110 11,278,142
-34.53%
11.78%
14.10%
60.31%
Growth (%)
17,000
18.10%
Current Liabilities
Liabilities
21,250
2009
2010
2011
2012
2013
3,742,500
3,742,500
3,742,500
3,742,500
3,742,500
Paid up Capital
1,550,058
2,153,183
2,153,183
2,153,183
2,386,904
7,728
7,728
7,728
10,065
6,785
500 & 125
2000 & 500 & 100 2000 & 500 & 100 2000 & 500 & 100 2000 & 500 & 100
50,952
2,864,964
2,808,007
2,828,916
4,233,942
1,586,463
8,500,551
8,148,739
7,053,073
8,977,127
435.82%
-4.14%
-13.45%
27.28%
Dec-10
Dec-11
Dec-12
Dec-13
8,501
8,977
8,977
8,149
7,053
7,146
5,314
Total Equity
Growth (%)
3,483
1,586
INCOME STATEMENTS
Total Revenues
Dec-09
10,885,698
-12.38%
Growth (%)
8.34%
22.36%
16.05%
Cost of Revenues
7,214,164
7,366,240
Gross Profit
3,671,534
2,171,431
1,798,193
2,248,895
Expenses (Income)
3,126,424
2,155,536
1,819,895
2,025,794
884,612
545,110
15,895
-21,702
223,101
1,766,195
-97.08%
N/A
N/A
691.66%
-212,660
-144,584
110,934
-68,020
-981
343,210
-123,008
89,232
155,081
1,765,214
82,573
-16,904
-6,806
-11,502
119,304
5,627,111
96,038
166,583
1,645,910
2,058.98%
-98.29%
73.46%
888.04%
Operating Profit
1,652
-180
2009
2,650,807
2010
2011
2012
2013
Growth (%)
12,643
11,679
260,637
Growth (%)
10,886
9,538
10,333
8,686
5,693
2,700
Period Attributable
260,637
5,627,111
20,318
28,636
1,415,091
Comprehensive Income
110,691
2,830,626
153,136
255,939
1,623,148
2,830,626
77,415
117,992
1,392,329
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
163.40
189.08
148.40
149.01
153.54
10.00
1.00
1.00
Comprehensive Attributable
RATIOS
Current Ratio (%)
Dividend (Rp)
EPS (Rp)
38.41
728.19
2.63
3.71
140.60
BV (Rp)
233.81
1,100.03
1,054.51
912.72
891.94
DAR (X)
0.71
0.39
0.43
0.50
0.56
DER(X)
5.31
0.65
0.76
1.00
1.26
ROA (%)
2.20
40.15
0.67
1.18
8.13
ROE (%)
16.43
66.20
1.18
2.36
18.33
GPM (%)
33.73
22.77
17.40
17.79
18.07
OPM (%)
5.01
0.17
-0.21
1.76
12.04
NPM (%)
2.39
59.00
0.93
1.32
11.22
1.37
38.03
26.99
Yield (%)
3.33
0.66
0.49
-293
2009
2010
2011
2012
2013
4,570
3,399
1,646
2,228
1,056
261
96
167
2011
2012
-115
2009
2010
2013
117
COMPANY REPORT
MNCN
MEDIA NUSANTARA CITRA TBK.
Company Profile
PT Media Nusantara Citra Tbk. has core businesses in content and the ownership and
operations of 3 out of the 10 national FreeToAir televisions in Indonesia. MNC have 3
FreeToAir (FTA) TVs RCTI, MNCTV and GlobalTV as well as 16 channels created and
produced by MNC that is broadcasted on PayTV. Currently, MNC also have other media
based business that supports the core businesses of MNC. Those businesses consist of
radio,printmedia,talentmanagement,andaproductionhouse.MNCwasestablishedon
June17,1997.
Based on the Company's Articles of Association, the purposes and objectives of the
Company is to engage in the industries of general trading, development, industry,
agriculture, transportation, printing, multimedia through other telecomunication
equipment,serviceandinvestment.
The Companyis part of Mediacom Group. The Company has ownership in the following
subsidiaries:
Broadcasting:
1. PTRajawaliCitraTelevisiIndonesia(RCTI)
2. PTGlobalInformasiBermutu
3. PTCiptaTelevisiPendidikanIndonesia
4. PTMNCNetworks
5. MediaNusantaraCitraB.V.
6. MNCInternationalMiddleEastLimited
Printandonline:
1. PTMediaNusantaraInformasiandsubsidiary
2. PTMNIGlobal
3. PTMNIPublishinganditssubsidiary
4. PTOkezoneIndonesia(Okezone)
Advertisingagency:
1. PTCrossMediaInternasional(CMI)anditssubsidiaries
Contentproduction:
1. PTMNCPictures
Talentmanagement:
1. PTStarMediaNusantara
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
118
As of 30 January 2014
Main Board
Industry Sector : Trade, Services & Investment (9)
Industry Sub Sector : Advertising, Printing And Media (95)
Individual Index
:
Listed Shares
:
Market Capitalization :
248.333
14,099,463,000
31,512,299,805,000
COMPANY HISTORY
Established Date
: 17-Jun-1997
Listing Date
: 22-Jun-2007
Under Writer IPO :
PT Bhakti Securities
PT Danareksa Sekuritas
Securities Administration Bureau :
PT BSR Indonesia
Komplek Perkantoran ITC Roxy Mas Blok E1 No. 10 - 11
Jln. K.H. Hasyim Ashari Jakarta 10150
Phone : (021) 631-7828
Fax
: (021) 631-7827
BOARD OF COMMISSIONERS
1. Rosano Barack
2. Adam Chesnoff
3. Bambang Rudijanto Tanoesoedibjo
4. Irman Gusman *)
5. Sutanto *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Hary Tanoesoedibjo
2. Jarod Suwahjo
3. Kanti Mirdiati Irmansyah
4. Nana Puspa Dewi
AUDIT COMMITTEE
1. Irman Gusman
2. Hery Kusnanto
3. Kardinal A. Karim
8,329,662,142 :
790,000,000 :
4,979,800,858 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
2007
2009
2009
2010
2011
2012
2013
Shares
Dividend
5.00
5.00
7.00
15.00
35.00
55.00
25.00
Cum Date
01-Dec-08
02-Oct-09
29-Nov-10
29-Nov-11
22-Jun-12
06-Sep-13
24-Jan-13
Recording
Date
04-Dec-08
07-Oct-09
02-Dec-10
02-Dec-11
27-Jun-12
11-Sep-13
02-Jan-14
Ex Date
02-Dec-08
05-Oct-09
30-Nov-10
30-Nov-11
25-Jun-12
09-Sep-13
27-Dec-13
59.08%
5.60%
35.32%
Payment
Date
19-Dec-08
21-Oct-09
17-Dec-10
16-Dec-11
11-Jul-12
25-Sep-13
16-Jan-14
F
I
F
F
F
F
I
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Type of Listing
First Issue
Company Listing
EMSOP Conversion II
EMSOP Conversion II & III
EMSOP Conversion II, III & IV
EMSOP Conversion III & IV
EMSOP Conversion II, III, IV & V
ESOP/MSOP Conversion II, III, IV & V
Shares
4,125,000,000
9,625,000,000
23,504,500
52,960,500
37,076,500
3,988,000
79,965,500
8,114,000
517,500
143,344,500
-8,000
T:
T:
T:
T:
T:
T:
T:
T:
Listing
Date
22-Jun-07
22-Jun-07
29-Nov-10
17-Feb-11
26-Jul-11
04-Aug-11
23-May-12
22-Oct-12
29-Oct-12
29-May-13
24-Jun-13
:
:
:
:
:
:
:
:
Trading
Date
22-Jun-07
22-Feb-08
06-Jan-11
19-Jul-11
21-May-12
04-Aug-11
15-Jun-12
19-Nov-12
01-Nov-12
27-Nov-13
24-Jun-13
CORPORATE SECRETARY
Arya Mahendra Sinulingga
HEAD OFFICE
MNC Tower 27th Fl.
Jln. Kebon Sirih Kav. 17 - 19
Jakarta - 10340
Phone : (021) 390-0885
Fax
: (021) 392-0109, 390-4965, 392-7859
Homepage
Email
F/I
: www.mncgroup.com
: am.sinulingga@mncgroup.com
119
Volume
(Mill. Sh)
3,800
720
3,325
630
2,850
540
2,375
450
1,900
360
1,425
270
950
180
475
90
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
964.3%
720%
480%
240%
180.6%
71.6%
-240%
Jan 10
Jan 11
SHARES TRADED
Volume (Million Sh.)
Value (Billion Rp)
Frequency (Thou. X)
Days
Price (Rupiah)
High
Low
Close
Close*
Jan 12
Jan 14
2010
2011
2012
7,870
3,313
142
245
7,200
7,361
347
247
7,529
15,067
406
246
6,802
18,835
435
244
342
821
58
20
960
205
940
940
1,400
770
1,310
1,310
2,875
1,270
2,500
2,500
3,675
2,275
2,625
2,625
2,650
2,180
2,235
2,235
15.73
16.89
2.65
19.59
19.08
4.78
21.85
15.43
4.81
18.61
17.12
4.10
17.73
PER (X)
21.27
PER Industry (X)
2.72
PBV (X)
* Adjusted price after corporate action
120
Jan 13
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
250
290
380
490
460
435
360
310
450
640
700
960
Low
205
210
220
315
310
330
270
275
275
405
570
630
Close
230
250
325
420
390
360
300
280
420
610
650
940
(X)
6,337
10,021
17,774
24,129
12,279
5,371
13,649
3,887
11,034
14,235
9,432
13,445
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
950
1,120
1,100
970
970
980
1,120
1,110
1,160
1,100
1,150
1,400
770
840
890
770
840
880
900
850
930
950
1,060
1,130
890
1,100
940
880
970
920
1,070
990
1,020
1,100
1,130
1,310
11,100
31,933
26,436
35,111
27,488
31,276
49,015
31,528
25,754
22,245
16,678
38,694
348,111
730,773
399,894
453,877
543,312
412,478
691,090
375,778
289,015
296,723
1,624,613
1,034,546
304,762
705,128
402,126
396,511
480,557
383,978
701,813
376,359
304,520
314,146
1,665,479
1,325,977
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
1,400
1,670
1,980
2,250
2,350
2,200
2,425
2,350
2,600
2,875
2,825
2,750
1,270
1,350
1,640
1,830
1,760
1,650
1,930
2,050
2,100
2,575
2,300
2,350
1,350
1,670
1,880
2,250
1,850
1,990
2,375
2,125
2,600
2,825
2,675
2,500
31,240
39,530
58,505
31,437
32,759
45,066
29,540
15,701
22,091
30,045
46,576
23,808
804,498
805,338
1,174,895
517,956
769,427
627,127
419,081
279,093
414,742
412,681
863,864
439,992
1,057,519
1,203,976
2,121,799
1,015,824
1,560,239
1,195,392
903,152
617,221
969,614
1,129,092
2,162,569
1,130,358
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
2,650
2,975
3,275
3,275
3,675
3,350
3,375
3,375
3,375
3,025
2,725
2,750
2,275
2,300
2,750
2,850
3,025
2,425
2,650
2,350
2,700
2,475
2,325
2,400
2,375
2,950
2,825
3,125
3,350
3,125
3,100
2,950
2,700
2,500
2,675
2,625
34,386
26,895
30,497
25,671
40,792
52,067
37,323
40,251
37,027
42,841
39,727
27,379
642,003
380,307
358,184
1,047,479
827,156
641,136
386,505
459,397
594,473
679,718
547,552
238,428
1,559,472
980,432
1,053,598
2,498,012
2,754,723
1,868,702
1,188,245
1,292,266
1,829,040
1,829,601
1,370,696
610,480
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
2,650
2,180
2,235
58,448
341,933
821,125
20
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Osman Bing Satrio & Eny (Member of Deloitte Touche Tohmatsu Limited)
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
1,118,477
1,080,409
837,230
528,415
574,761
Receivables
1,833,387
2,202,994
2,558,400
2,615,430
3,062,803
Inventories
951,030
915,310
894,311
1,139,486
1,332,726
Current Assets
4,785,995
5,201,103
6,018,612
6,766,799
6,811,828
Fixed Assets
1,009,469
1,040,165
971,773
985,995
1,542,677
BALANCE SHEET
Other Assets
Total Assets
Assets
8,000
6,000
140,869
196,697
119,761
38,494
56,382
7,641,364
8,196,543
8,798,230
8,960,942
9,615,280
7.27%
7.34%
1.85%
7.30%
2,000
-
Growth (%)
Current Liabilities
1,351,966
2,604,665
1,227,364
1,250,225
1,606,491
1,402,931
155,762
736,363
413,555
265,215
Total Liabilities
2,754,897
2,760,427
1,963,727
1,663,780
1,871,706
0.20%
-28.86%
-15.27%
12.50%
Growth (%)
Liabilities
10,000
4,000
2009
2010
2011
2012
2013
4,000,000
4,000,000
4,000,000
4,000,000
4,000,000
Paid up Capital
1,375,000
1,377,350
4,000,000
1,395,613
1,409,946
13,750
13,774
40,000
13,956
14,099
100
100
100
100
100
846,019
1,482,241
2,345,128
3,511,354
4,085,903
4,286,176
4,767,037
6,834,503
7,297,162
7,743,574
11.22%
43.37%
6.77%
6.12%
7,744
6,835
7,297
7,744
6,164
4,286
4,767
4,584
Total Equity
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
3,923,845
4,855,907
5,390,474
6,265,260
6,522,347
23.75%
11.01%
16.23%
4.10%
Growth (%)
Cost of Revenues
Gross Profit
Expenses (Income)
Operating Profit
3,316,621
3,666,775
2,617,157
2,856,657
2,850,657
607,224
1,189,132
2,773,317
3,408,603
2,850,657
3,316,621
3,666,775
1,262,793
1,147,895
1,278,161
607,224
1,189,132
3,005
1,425
-155
2009
2010
2011
2012
2013
6,522
6,522
95.83%
Growth (%)
5,390
4,856
5,192
-46,672
-164,063
560,692
1,025,069
1,510,524
2,260,708
2,393,529
Tax
164,024
280,850
385,353
497,689
583,687
396,668
744,219
1,125,171
1,763,019
1,809,842
87.62%
51.19%
56.69%
2.66%
Growth (%)
3,924
3,861
2,531
1,200
Period Attributable
396,668
730,218
1,070,203
1,657,087
1,691,172
Comprehensive Income
385,617
696,011
1,153,383
1,781,284
1,791,090
664,540
1,098,415
1,675,352
1,672,420
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
354.00
199.68
490.37
541.25
424.02
12.00
15.00
35.00
55.00
25.00
Comprehensive Attributable
RATIOS
Current Ratio (%)
Dividend (Rp)
EPS (Rp)
28.85
53.02
26.76
118.74
119.95
BV (Rp)
311.72
346.10
170.86
522.86
549.21
DAR (X)
0.36
0.34
0.22
0.19
0.19
-130
2009
2010
2011
2012
2013
1,810
2012
2013
1,810
1,441
1,125
1,071
DER(X)
0.64
0.58
0.29
0.23
0.24
ROA (%)
5.19
9.08
12.79
19.67
18.82
ROE (%)
9.25
15.61
16.46
24.16
23.37
GPM (%)
15.48
24.49
51.45
54.40
43.71
OPM (%)
15.48
24.49
NPM (%)
10.11
15.33
20.87
28.14
27.75
41.60
28.29
130.82
46.32
20.84
5.71
1.60
2.67
2.20
0.95
Yield (%)
744
702
397
333
-36
2009
2010
2011
121
COMPANY REPORT
PGAS
PERUSAHAAN GAS NEGARA
(PERSERO) TBK.
Company Profile
PTPerusahaanGasNegara(Persero)Tbk.originallynamedFirmaL.J.N.Eindhoven&Co.Gravenhage,
wasestablishedin1859.OnMay13th,1965,theCompanywasstatedasstateownedenterpriseand
knownasPerusahaanNegaraGas(PN.Gas).
ThestatusoftheCompanywaschangedfromapublicserviceenterprise(Perum)toastateowned
limited liability company (Persero) and the name was changed to PT Perusahaan Gas Negara
(Persero)basedonGovernmentRegulationNo.37year1994.
The Companys purposes are to implement and support the Governments economic and national
developmentprograms,particularlyindevelopingusesofnaturalgasforthebenefitofthepublicas
well as in the supply of a sufficient volume and quality of gas for public consumption. To achieve
these objectives, the Company carries out planning, construction, operating and development of
natural gas downstream business which includes processing, transporting, storing and trading,
planning, construction, production development, supplying and distribution of processed gas; or
other businesses which support the foregoing activities in accordance with prevailing laws and
regulations. Currently, the Companys principal business was the distribution and transmission of
naturalgastoindustrial,commercialandhouseholdusers.
To achieve responsive sales target, the Company has divided its business areas into four Strategic
BusinessUnits(SBU),asfollows:
1. SBUDistributionRegionI,WesternJavaRegionuntilSouthSumatera,
2. SBUDistributionRegionII,EasternJavaRegion,
3. SBUDistributionRegionIII,NorthernSumateraRegionandtheRiauIslands,
4. SBUSumateraJavaTransmission.
TheCompanycommencedtheconstructionofSouthSumateraWestJavagastransmissionIandII
willexpectedopereatingmaximumcapacityof460mmscfdand520mmscfd(unaudited).
Thecompanyhasownershipinsubsidiaries:PTTransportasiGasIndonesia(Transgasindo),PGNEuro
Finance 2003 Limited, PT PGAS Telekomunikasi Nusantara, PT PGAS Solution, PT Saka Energi
Indonesia, PT Gagas Energi Indonesia, and PT PGN LNG Indonesia. As of December 31st, 2013, the
CompanyandSubsidiarieshadatotalof1,920employees.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the
publisher or of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the
publication it should not be by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or
otherwise responsible in anyway for any advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publicat
122
As of 30 January 2014
Main Board
Industry Sector : Infrastructure, Utilities And Transportation (7)
Industry Sub Sector : Energy (71)
1,590.000
Individual Index
:
Listed Shares
24,241,508,196
:
Market Capitalization : 115,631,994,094,920
COMPANY HISTORY
Established Date
: 01-Feb-1905
Listing Date
: 15-Dec-2003
Under Writer IPO :
PT Danareksa Sekuritas
PT ABN AMRO Asia Securities Indonesia
Securities Administration Bureau :
PT Datindo Entrycom
Wisma Sudirman - Puri Datindo
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220
Phone : (021) 570-9009
Fax
: (021) 570-9026
BOARD OF COMMISSIONERS
1. Bayu Krisnamurthi
2. Firmanzah
3. Kiagus Ahmad Badaruddin
4. M. Zamkhani
5. Pudja Sunasa *)
6. Widya Purnama *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Hendi Prio Santoso
2. Djoko Saputro
3. Hendi Kusnadi
4. Jobi Triananda Hasjim
5. M. Riza Pahlevi Tabrani
6. Muhammad Wahid Sutopo
AUDIT COMMITTEE
1. Pudja Sunasa
2. Gunawan Indradi
3. Imbuh Sulistyarini
4. Mohamad Slamet Wibowo
5. Shalahuddin Haikal
13,809,038,756 :
10,432,469,440 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
2003
2004
2005
2005
2006
2008
2009
2009
2010
2010
2011
2011
2012
2013
Shares
Dividend
60.10
1.71
51.38
104.43
208.45
41.74
10.00
144.20
10.20
144.24
10.87
123.75
202.77
210.40
Cum Date
18-Jun-04
23-Dec-04
22-Jun-05
30-Jun-06
22-Jun-07
15-Jul-09
08-Dec-09
08-Jul-10
27-Dec-10
19-Jul-11
30-Nov-11
12-Jun-12
10-May-13
28-Apr-14
Recording
Date
23-Jun-04
29-Dec-04
27-Jun-05
05-Jul-06
27-Jun-07
21-Jul-09
11-Dec-09
13-Jul-10
30-Dec-10
22-Jul-11
05-Dec-11
15-Jun-12
15-May-13
02-May-14
Ex Date
21-Jun-04
27-Dec-04
23-Jun-05
03-Jul-06
25-Jun-07
16-Jul-09
09-Dec-09
09-Jul-10
28-Dec-10
20-Jul-11
01-Dec-11
13-Jun-12
13-May-13
29-Apr-14
56.96%
43.04%
Payment
Date
07-Jul-04
30-Dec-04
08-Jul-05
14-Jul-06
11-Jul-07
04-Aug-09
23-Dec-09
27-Jul-10
04-Jan-11
04-Aug-11
16-Dec-11
29-Jun-12
29-May-13
19-May-14
F
I
F
F
F
I
F
I
F
I
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
Type of Listing
First Issue
Company Listing
MSOP Conversion
MSOP Conversion II
ESOP Conversion
Stock Split
Shares
1,296,296,000
3,024,691,000
215,637,305
3,261,500
53,551,388
18,373,748,772
Dana Proyek Pemerintah Conversion 1,274,322,231
T:
T:
T:
T:
T:
Listing
Date
15-Dec-03
15-Dec-03
13-Dec-04
10-Nov-06
18-Jan-08
04-Aug-08
16-Apr-09
:
:
:
:
:
Trading
Date
15-Dec-03
15-Jun-04
28-Dec-06
16-Feb-07
19-Feb-08
04-Aug-08
16-Oct-09
CORPORATE SECRETARY
Heri Yusup
HEAD OFFICE
Jln. K.H. Zainul Arifin No. 20
Jakarta - 11140
Phone : (021) 633-4838
Fax
: (021) 633-1632
Homepage
Email
F/I
: www.pgn.co.id
: heri.yusup@pgn.co.id
123
Volume
(Mill. Sh)
6,400
320
5,600
280
4,800
240
4,000
200
3,200
160
2,400
120
1,600
80
800
40
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
71.6%
50%
32.1%
25%
20.8%
-25%
-50%
-75%
Jan 10
Jan 11
SHARES TRADED
Volume (Million Sh.)
Value (Billion Rp)
Frequency (Thou. X)
Days
Price (Rupiah)
High
Low
Close
Close*
Jan 12
Jan 14
2010
2011
2012
10,152
40,288
399
245
11,496
39,942
489
247
7,191
27,787
319
246
7,074
37,444
505
244
731
3,299
106
20
4,650
3,250
4,425
4,425
4,500
2,025
3,175
3,175
4,800
3,050
4,600
4,600
6,450
4,375
4,475
4,475
4,780
4,120
4,770
4,770
12.49
11.09
4.48
12.61
17.53
4.90
10.92
18.40
3.73
11.64
18.52
3.98
17.19
PER (X)
14.36
PER Industry (X)
7.73
PBV (X)
* Adjusted price after corporate action
124
Jan 13
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
4,075
3,775
4,400
4,350
4,100
4,000
4,175
4,200
4,100
4,200
4,600
4,650
Low
3,650
3,500
3,625
3,900
3,250
3,625
3,800
3,850
3,725
3,800
4,025
4,150
Close
3,775
3,625
4,250
4,100
3,900
3,875
4,050
4,000
3,850
4,050
4,300
4,425
(X)
44,943
22,168
37,776
35,271
34,545
26,959
28,540
20,978
47,032
47,910
30,895
21,681
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
4,500
4,300
3,900
4,050
4,250
4,075
4,125
4,000
2,975
3,100
3,175
3,250
3,875
3,475
3,500
3,775
3,900
3,900
3,850
2,925
2,025
2,400
2,850
3,000
4,225
3,550
3,900
4,000
4,050
4,025
3,975
2,950
2,675
2,950
3,075
3,175
26,664
45,031
56,620
27,808
26,581
18,063
28,033
88,001
71,256
51,740
29,870
19,074
743,884
838,222
1,354,368
760,375
918,787
461,564
677,815
1,991,726
1,410,779
1,088,971
716,594
532,789
3,107,955
3,214,807
5,004,188
3,001,507
3,766,922
1,843,643
2,688,936
6,642,358
3,769,027
3,038,698
2,175,410
1,688,283
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
3,500
3,775
3,850
3,825
4,000
3,700
3,825
3,825
4,200
4,650
4,800
4,650
3,050
3,300
3,575
3,300
3,350
3,275
3,475
3,600
3,675
4,025
4,450
4,375
3,375
3,750
3,800
3,350
3,700
3,525
3,800
3,700
4,125
4,650
4,525
4,600
27,122
27,960
25,231
24,434
34,239
31,672
29,674
21,472
23,478
24,945
27,061
21,842
470,932
535,228
392,942
465,723
905,887
804,437
632,860
493,571
639,777
723,985
648,018
477,616
1,557,024
1,895,258
1,470,645
1,652,881
3,409,283
2,822,960
2,324,863
1,824,200
2,546,133
3,145,063
2,967,230
2,171,383
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
4,725
4,875
6,100
6,350
6,450
5,800
6,050
6,000
5,600
5,500
5,100
4,950
4,450
4,575
4,850
5,550
5,500
4,600
5,350
4,875
4,975
4,975
4,450
4,375
4,675
4,800
5,950
6,250
5,500
5,750
5,900
5,400
5,200
5,100
4,850
4,475
33,296
27,481
37,631
29,703
39,143
59,111
50,191
38,726
48,396
50,291
53,784
37,139
535,744
517,665
684,572
573,930
655,792
873,388
572,520
416,560
718,169
579,000
531,321
414,903
2,462,840
2,446,564
3,657,960
3,376,638
4,013,862
4,642,986
3,265,952
2,206,294
3,806,937
3,018,710
2,588,151
1,956,824
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
4,780
4,120
4,770 106,143
731,381
3,299,365
20
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Purwantono, Suherman & Surja (Member of Ernst & Young Global Limited)
BALANCE SHEET
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
Assets
Receivables
1,711,200
1,946,894
2,043,553
2,550,177
3,875,102
Inventories
14,120
14,046
11,836
23,644
179,329
Current Assets
Fixed Assets
Other Assets
Total Assets
50,000
23,056
38,309
21,425
50,620
Growth (%)
Current Liabilities
Liabilities
62,500
3,729,795
11.92%
-3.46%
4,035,777
2,483,317
22.00%
12,500
4,571,487 10,868,753
Total Liabilities
6.88%
-18.81%
25,000
41.66%
Growth (%)
37,500
8.91%
2009
9,204,335
2010
2011
2012
2013
33.63%
TOTAL EQUITY (Bill. Rp)
Authorized Capital
7,000,000
7,000,000
7,000,000
7,000,000 12,024,600
Paid up Capital
2,424,151
2,424,151
2,424,151
2,424,151
4,164,206
24,242
24,242
24,242
24,242
24,242
100
100
100
100
172
33,463
33,463
26,637
22,771
17,185
19,810
Total Equity
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-09
Gross Profit
23.91%
32.51%
46.96%
Dec-10
Dec-11
Dec-12
Dec-13
11,732
12,984
6,157
9.66%
Growth (%)
Cost of Revenues
18.21%
13,869
7,219,992
7,223,570
-1.00%
27.33%
47.82%
-669
2009
2010
2011
2012
2013
Expenses (Income)
3,128,261
3,506,421
4,051,278
4,389,290
Operating Profit
7,676,026
9,035,725
7,722,378
9,848,734 11,456,318
17.71%
-14.54%
27.53%
16.32%
571,147
-972,551
-68,189
1,255,405
2,348,434
8,247,172
8,063,174
Tax
1,814,304
1,599,774
1,535,979
2,253,611
6,432,868
6,463,400
6,118,210
8,850,528 10,967,963
0.47%
-5.34%
5,942,474
36,829
36,829
Growth (%)
29,316
Growth (%)
44.66%
24,915
21,803
18,024
19,766
19,567
2010
2011
2,836,789
14,290
23.92%
6,776
Period Attributable
6,432,868
6,239,361
5,933,063
8,614,862 10,558,743
Comprehensive Income
6,229,043
6,268,010
6,163,463
8,843,202 10,898,403
6,081,362
5,964,373
8,603,365 10,481,609
Comprehensive Attributable
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
248.36
343.40
549.92
419.63
201.01
Dividend (Rp)
154.20
154.44
134.62
202.77
EPS (Rp)
265.37
257.38
244.75
355.38
435.56
BV (Rp)
483.97
572.10
708.90
939.33
1,380.40
DAR (X)
0.55
0.53
0.45
0.40
0.37
DER(X)
1.35
1.22
0.80
0.66
0.60
ROA (%)
22.44
20.14
19.75
23.42
20.49
ROE (%)
54.83
46.60
35.60
38.87
32.78
GPM (%)
59.94
63.45
60.17
57.15
47.24
OPM (%)
42.59
45.71
39.47
39.53
31.11
NPM (%)
35.69
32.70
31.27
35.52
29.78
58.11
60.00
55.00
57.06
3.95
3.49
4.24
4.41
RATIOS
-737
2009
2012
2013
8,851
8,730
6,433
6,463
6,118
2009
2010
2011
6,493
Yield (%)
4,256
2,018
-219
2012
2013
125
COMPANY REPORT
PTBA
TAMBANG BATUBARA
BUKIT ASAM (PERSERO) TBK.
Company Profile
PT Tambang Batubara Bukit Asam (Persero) Tbk. was established on March 2, 1981. In
1993, the Company was appointed by the Indonesian Government to develop a Coal
BriquetteOperatingUnit.
The head office located at Jln. Parigi No. 1, Tanjung Enim 31716, Sumatera Selatan,
Indonesia.TherepresentativeofficelocatedatMenaraKadinIndonesia15thFloor,Jln.H.R.
RasunaSaidBlokX5Kav.23,Jakarta12950.
ThescopeofactivitiesoftheCompanyanditssubsidiariescomprisescoalminingactivities,
including general surveying, exploration, exploitation, processing, refining, transportation
and trading, maintenance of special coal port facilities for internal and external needs,
operationofsteampowerplantsforinternalandexternalneedsandprovidingconsulting
servicesrelatedtothecoalminingindustryaswellasitsderivativeproduct.
Thecompanyhasdirectownershipinsubsidiaries:
PTBatubaraBukitKendi,
PTBukitAsamPrima,
PTInternationalPrimaCoal,
PTBukitAsamMetanaOmbilin,
PTBukitAsamMetanaEnim,
PTBukitAsamMetanaPeranap,and
PTBukitAsamBanko.
AsofDecember31st2013,theCompanyhadatotalof3,115permanentemployees.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
126
As of 30 January 2014
Main Board
Industry Sector : Mining (2)
Industry Sub Sector : Coal Mining (21)
Individual Index
:
Listed Shares
:
Market Capitalization :
1,608.696
2,304,131,850
21,313,219,612,500
COMPANY HISTORY
Established Date
: 02-Mar-1981
Listing Date
: 23-Dec-2002
Under Writer IPO :
PT Danareksa Sekuritas
Securities Administration Bureau :
PT Datindo Entrycom
Wisma Sudirman - Puri Datindo
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220
Phone : (021) 570-9009
Fax
: (021) 570-9026
BOARD OF COMMISSIONERS
1. Agus Suhartono
2. Leonard
3. Robert Heri
4. S. Koesnaryo *)
5. Seger Budiarjo
6. Thamrin Sihite *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Milawarma
2. Achmad Sudarto
3. Anung Dri Prasetya
4. Heri Supriyanto
5. Muhammad Jamil
6. Maizal Gazali
AUDIT COMMITTEE
1. S. Koesnaryo
2. Helmi Mahfud
3. Nuhindro Priagung Widodo
4. Seger Budiarjo
Shares
Dividend
41.75
58.00
5.80
87.48
101.54
105.39
164.97
66.75
466.65
66.75
456.37
103.46
700.48
720.75
461.97
Cum Date
21-May-03
09-Jun-04
22-Dec-04
05-Jul-05
02-Jun-06
29-May-07
18-Jun-08
25-Nov-09
26-May-10
20-Dec-10
04-Jul-11
28-Nov-11
29-May-12
20-May-13
28-Apr-14
Ex Date
22-May-03
10-Jun-04
23-Dec-04
06-Jul-05
05-Jun-06
30-May-07
19-Jun-08
26-Nov-09
27-May-10
21-Dec-10
05-Jul-11
29-Nov-11
30-May-12
21-May-13
29-Apr-14
1,498,087,500 :
129,997,500 :
676,046,850 :
Recording
Date
26-May-03
14-Jun-04
28-Dec-04
08-Jul-05
07-Jun-06
04-Jun-07
23-Jun-08
01-Dec-09
01-Jun-10
23-Dec-10
07-Jul-11
01-Dec-11
01-Jun-12
23-May-13
02-May-14
65.02%
5.64%
29.34%
Payment
Date
27-May-03
21-Jun-04
29-Dec-04
22-Jul-05
16-Jun-06
15-Jun-07
07-Jul-08
15-Dec-09
15-Jun-10
29-Dec-10
21-Jul-11
15-Dec-11
15-Jun-12
07-Jun-13
16-May-14
F
F
I
F
I
F
I
F
I
F
I
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
Type of Listing
First Issue
Company Listing
Warrant
Shares
346,500,000
1,785,000,000
172,631,850 T:
Listing
Date
23-Dec-02
23-Dec-02
14-Dec-04 :
Trading
Date
23-Dec-02
23-Dec-02
28-Dec-05
CORPORATE SECRETARY
Joko Pramono
HEAD OFFICE
Menara Kadin Indonesia 15th Fl. & 9th Fl.
Jln. H.R. Rasuna Said X-5, Kav. 2 & 3
Jakarta - 12950
Phone : (021) 525-4014
Fax
: (021) 525-4002
Homepage
Email
F/I
: www.ptba.com
: jpramono@bukitasam.co.id
127
Volume
(Mill. Sh)
26,000
40.0
22,750
35.0
19,500
30.0
16,250
25.0
13,000
20.0
9,750
15.0
6,500
10.0
3,250
5.0
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
71.6%
50%
25%
-25%
-40.2%
-48.0%
-50%
-75%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
2010
2011
2012
956
17,091
202
245
757
15,002
230
247
706
11,954
190
246
653
8,819
214
244
109
1,028
45
20
Price (Rupiah)
High
Low
Close
Close*
23,450
15,050
22,950
22,950
26,000
13,600
17,350
17,350
21,150
12,950
15,100
15,100
17,000
9,700
10,200
10,200
10,600
8,975
9,250
9,250
12.95
16.17
4.90
15.33
8.49
4.09
14.17
19.30
3.52
12.85
13.24
3.19
SHARES TRADED
26.32
PER (X)
17.69
PER Industry (X)
8.31
PBV (X)
* Adjusted price after corporate action
128
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
18,600
17,150
17,950
19,350
18,650
17,650
17,500
18,500
20,700
21,000
21,900
23,450
Low
16,400
15,050
15,500
17,250
15,550
16,050
16,300
15,950
17,400
19,100
18,700
18,700
Close
17,200
15,600
17,400
18,600
17,450
17,250
16,700
17,500
19,450
19,650
18,700
22,950
(X)
13,807
15,194
20,711
19,665
18,971
16,672
18,269
19,647
13,621
12,259
16,201
16,595
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
26,000
20,700
21,550
22,800
22,450
21,500
21,650
21,500
19,950
18,800
18,500
17,750
19,350
18,750
19,800
21,000
20,600
20,350
20,550
17,450
13,700
13,600
16,500
16,200
19,750
20,050
21,000
22,300
21,250
20,800
21,300
19,050
16,800
18,350
17,000
17,350
31,410
22,423
22,536
13,575
13,591
14,856
16,518
19,027
20,250
27,223
15,147
13,830
102,110
76,819
96,718
49,553
51,249
61,338
56,206
64,261
43,682
76,241
40,315
38,098
2,225,262
1,522,754
1,994,258
1,098,839
1,098,047
1,277,009
1,189,290
1,240,174
752,747
1,238,794
711,620
653,219
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
20,250
21,150
21,100
20,600
18,550
15,250
16,450
16,000
17,000
16,900
16,900
16,000
17,300
19,900
20,050
18,000
15,000
12,950
14,450
13,500
13,800
15,550
13,800
13,650
20,150
20,750
20,500
18,450
15,000
14,650
15,900
14,600
16,200
16,000
14,000
15,100
15,251
13,083
12,467
14,159
19,856
25,436
17,145
13,578
16,341
10,502
14,844
16,876
52,009
79,652
60,156
52,472
67,653
108,437
46,768
48,346
61,071
41,017
36,151
51,945
999,520
1,651,883
1,240,929
1,012,647
1,133,883
1,509,872
723,145
720,762
953,500
668,623
564,858
774,274
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
17,000
15,800
15,550
15,500
15,650
13,350
13,700
12,650
14,150
14,100
12,750
12,100
15,250
14,700
13,500
14,550
12,100
11,200
9,700
9,900
12,000
12,100
11,500
10,150
15,500
15,100
14,400
15,250
12,200
13,300
9,950
12,100
12,750
12,150
12,000
10,200
18,751
15,553
15,521
13,609
20,997
28,007
18,764
16,624
14,849
12,379
24,137
14,770
48,043
36,334
51,161
73,416
103,759
64,863
40,845
45,370
40,865
25,773
70,921
52,142
775,403
556,775
758,208
1,119,626
1,496,445
795,670
481,465
515,876
540,723
335,993
852,812
590,411
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
10,600
8,975
9,250
44,679
108,649
1,027,710
20
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Tanudiredja, Wibisana & Rekan (Member of PricewaterhouseCoopers Global Network)
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
4,709,104
5,054,075
6,791,291
5,917,034
3,343,905
Receivables
1,491,460
997,178
1,180,195
1,545,556
1,427,572
Inventories
409,901
423,678
64,483
765,964
901,952
6,783,391
6,645,953
8,859,260
8,718,297
6,479,783
371,523
921,005
1,140,466
1,853,447
2,803,393
57,588
50,949
97,886
119,746
BALANCE SHEET
Current Assets
Fixed Assets
Other Assets
Total Assets
Assets
30,107
8,078,578
7.97%
Growth (%)
Current Liabilities
Long Term Liabilities
Total Liabilities
8,250
5,500
10.62%
-8.26%
2,750
-
1,147,728
1,912,423
1,770,664
2,260,956
911,832
1,133,723
1,429,679
2,453,148
1,864,630
2,292,740
2,281,451
3,342,102
4,223,812
4,125,586
-0.49%
46.49%
26.38%
-2.33%
Growth (%)
11,000
31.92%
1,380,908
Liabilities
13,750
2009
2010
2011
2012
2013
4,000,000
4,000,000
4,000,000
4,000,000
4,000,000
Paid up Capital
1,152,066
1,152,066
1,152,066
1,152,066
1,152,066
2,304
2,304
2,304
2,304
2,304
500
500
500
500
500
Retained Earnings
4,518,821
5,182,763
6,906,491
7,410,590
8,093,505
Total Equity
5,701,372
6,366,736
8,165,002
8,505,169
7,551,569
11.67%
28.24%
4.17%
-11.21%
Dec-10
Dec-11
Dec-12
Dec-13
8,165
8,505
8,505
7,552
6,367
6,770
5,701
5,035
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-09
8,947,854
Growth (%)
3,300
1,565
-11.61%
33.79%
9.57%
-3.32%
Cost of Revenues
4,104,301
4,258,988
5,302,592
6,505,932
7,745,646
Gross Profit
4,843,553
3,650,166
5,278,978
5,088,125
3,463,573
Expenses (Income)
1,295,238
1,346,008
1,219,874
1,494,615
1,310,735
Operating Profit
3,548,315
2,304,158
4,059,104
3,593,510
2,152,838
-35.06%
76.16%
-11.47%
-40.09%
-170
2009
2010
2012
2013
11,594
Growth (%)
2011
11,209
8,948
9,229
217,039
301,057
3,762,002
2,599,650
Tax
1,032,675
600,713
2,729,327
Growth (%)
318,077
308,524
4,059,104
3,911,587
2,461,362
971,037
1,002,166
607,081
1,998,937
3,088,067
2,909,421
1,854,281
-26.76%
54.49%
-5.79%
-36.27%
7,909
6,864
4,498
2,133
Period Attributable
2,729,327
2,008,891
3,085,836
2,900,113
1,826,144
Comprehensive Income
2,727,734
2,000,359
3,085,862
2,269,074
2,351,350
2,010,313
3,083,631
2,259,766
2,323,213
Comprehensive Attributable
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
491.23
579.05
463.25
492.37
286.59
Dividend (Rp)
533.40
523.12
803.94
720.75
461.97
EPS (Rp)
1,184.54
871.86
1,339.26
1,258.66
792.55
BV (Rp)
2,474.41
2,763.18
3,543.63
3,691.27
3,277.40
DAR (X)
0.28
0.26
0.29
0.33
0.35
RATIOS
-232
2009
2010
2011
2012
2013
2,729
2,909
2,458
1,999
1,854
1,828
0.40
0.36
0.41
0.50
0.55
ROA (%)
33.78
22.92
26.84
22.86
15.88
ROE (%)
47.87
31.40
37.82
34.21
24.55
GPM (%)
54.13
46.15
49.89
43.89
30.90
OPM (%)
39.66
29.13
38.36
30.99
19.21
NPM (%)
30.50
25.27
29.18
25.09
16.54
45.03
60.00
60.03
57.26
58.29
3.09
2.28
4.63
4.77
4.53
DER(X)
Yield (%)
1,198
568
-62
2009
2010
2011
2012
2013
129
COMPANY REPORT
PTPP
PEMBANGUNAN PERUMAHAN
(PERSERO) TBK.
Company Profile
JANUARY 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
130
As of 30 January 2014
Individual Index
:
Listed Shares
:
Market Capitalization :
241.071
4,842,436,500
6,537,289,275,000
COMPANY HISTORY
Established Date
: 26-Aug-1953
Listing Date
: 09-Feb-2010
Under Writer IPO :
PT Mandiri Sekuritas
PT Danareksa Sekuritas
PT DBS Vickers Securities Indonesia
Securities Administration Bureau :
PT BSR Indonesia
Komplek Perkantoran ITC Roxy Mas Blok E1 No. 10 - 11
Jln. K.H. Hasyim Ashari Jakarta 10150
Phone : (021) 631-7828
Fax
: (021) 631-7827
BOARD OF COMMISSIONERS
1. Djoko Murjanto
2. Daryatno *)
3. Eddy Purwanto
4. Husein Thaib *)
5. Timbul Tambunan
*) Independent Commissioners
Shares
Dividend
10.11
14.57
14.88
19.19
26.06
Cum Date
09-Jul-10
07-Jul-11
07-Jun-12
22-May-13
21-Apr-14
Ex Date
12-Jul-10
08-Jul-11
08-Jun-12
23-May-13
22-Apr-14
2,469,642,760 :
262,112,000 :
2,110,681,740 :
Recording
Date
14-Jul-10
12-Jul-11
12-Jun-12
27-May-13
24-Apr-14
51.00%
5.41%
43.59%
Payment
Date
28-Jul-10
15-Jul-11
15-Jun-12
10-Jun-13
07-May-14
F
F
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
Type of Listing
Negara RI (Seri A)
Penawaran Umum
Company Listing
PP Employees Cooperative
Shares
1
1,038,976,500
2,469,642,759
1,333,817,240
Listing
Date
09-Feb-10
09-Feb-10
09-Feb-10
09-Feb-10
Trading
Date
00-Jan-00
09-Feb-10
09-Feb-10
08-Oct-10
BOARD OF DIRECTORS
1. Bambang Triwibowo
2. Harry Nugroho
3. I Wayan Karioka
4. Ketut Darmawan
5. Tumiyana
AUDIT COMMITTEE
1. Daryatno
2. Handoko Tripriyono
3. Sularso
CORPORATE SECRETARY
Taufik Hidayat
HEAD OFFICE
Plaza PP - Wisma Subiyanto
Jln. Letjend. T.B. Simatupang No. 57,
Pasar Rebo, Jakarta - 13760
Phone : (021) 840-3883
Fax
: (021) 840-3890
Homepage
Email
F/I
: www.pt-pp.com
: corsec@pt-pp.com
131
Volume
(Mill. Sh)
1,800
240
1,575
210
1,350
180
1,125
150
900
120
675
90
450
60
225
30
Feb-10
Feb-11
Feb-12
Feb-13
135%
90%
77.5%
45%
-45%
-90%
Feb 10
Feb 11
Feb 12
Feb 13
SHARES TRADED
2010
2011
2012
4,623
3,343
61
219
2,943
1,576
86
247
4,253
2,931
85
246
Price (Rupiah)
High
Low
Close
Close*
1,030
550
800
800
19.21
PER (X)
9.97
PER Industry (X)
3.07
PBV (X)
* Adjusted price after corporate action
132
2013 Jan-14
8,579
10,203
318
244
348
443
18
20
820
265
485
485
950
475
830
830
1,780
760
1,160
1,160
1,370
1,105
1,350
1,350
9.78
11.09
1.65
12.98
17.34
2.43
19.29
17.79
3.15
22.45
16.27
3.67
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
610
690
750
740
730
800
810
1,030
970
920
860
Low
550
570
640
610
640
680
740
780
870
840
720
Close
580
660
720
680
720
770
780
900
890
850
800
(X)
6,099
6,888
8,813
2,680
3,597
5,831
4,489
4,759
9,386
3,453
4,906
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
820
640
710
740
710
680
680
640
485
355
340
530
630
550
570
640
630
640
620
455
265
280
315
320
630
580
710
700
680
670
640
455
330
345
315
485
6,962
4,470
7,237
4,861
2,708
1,043
2,870
10,000
22,104
7,489
2,000
14,591
240,500
187,951
356,739
237,350
106,685
62,668
255,058
234,732
427,552
310,223
53,301
470,020
172,143
109,693
221,654
166,047
70,249
39,098
147,697
122,068
188,543
102,824
17,721
218,008
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
610
680
670
720
760
620
650
680
760
800
930
950
475
550
600
610
590
530
580
550
570
690
740
800
570
640
630
700
600
610
600
570
730
770
930
830
8,204
6,652
4,896
8,208
7,221
3,859
2,427
4,330
5,160
12,027
10,295
11,432
288,312
326,259
200,951
485,613
384,823
201,669
210,891
253,171
320,054
642,556
519,428
419,354
152,115
195,562
127,218
319,004
258,898
108,323
127,057
158,175
215,131
477,385
423,177
369,417
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
900
940
1,230
1,430
1,750
1,780
1,530
1,530
1,270
1,440
1,350
1,250
760
860
890
1,130
1,410
1,250
950
830
840
1,060
1,100
1,110
870
920
1,200
1,420
1,750
1,350
1,420
1,060
1,120
1,310
1,150
1,160
16,564
11,923
17,716
19,097
24,287
36,109
37,739
31,214
51,644
34,973
19,864
17,127
617,373
419,197
790,488
690,182
727,035
812,645
873,532
672,174
1,283,678
898,458
372,873
421,327
522,744
378,668
798,175
884,041
1,131,154
1,189,127
1,103,275
765,094
1,414,590
1,077,363
448,996
489,944
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
1,370
1,105
1,350
18,040
347,504
443,365
20
13
22
21
19
22
22
21
17
21
21
20
Dec-10
Dec-11
Dec-12
Dec-13
446,262
959,609
1,306,110
1,303,124
2,396,802
Receivables
979,199
2,051,473
1,284,675
1,633,937
2,187,005
Inventories
1,275,007
1,509,428
1,586,309
1,565,642
177,419
Investment
28,259
287,389
243,697
222,844
289,598
Fixed Assets
78,862
77,127
75,997
72,775
141,882
5,444,074
6,933,354
31.96%
27.36%
BALANCE SHEET
Other Assets
Total Assets
Assets
4,125,551
Growth (%)
23.33%
7,500
5,000
2,500
-
912,003
1,115,578
836,766
2,153,988
2,384,646
3,463,503
4,243,610
6,300,346
Total Liabilities
3,577,545
4,182,231
5,507,914
6,895,001 10,430,922
16.90%
31.70%
25.18%
51.28%
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
380,346
484,244
484,244
484,244
484,244
3,803
4,842
4,842
4,842
4,842
100
100
100
100
100
167,661
315,433
479,030
709,439
1,037,220
Growth (%)
10,000
45.20%
Trade Payable
Bank Payable
480,056
8,550,851 12,415,669
Liabilities
12,500
2009
2010
2011
2012
2013
548,007
1,261,843
1,425,440
1,655,849
1,984,747
130.26%
12.96%
16.16%
19.86%
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
4,203,313
4,401,229
6,231,898
4.71%
41.59%
3,860,773
3,983,232
5,526,136
466,649
514,624
785,922
854,505
98,750
122,430
130,981
143,681
199,537
367,899
392,194
654,940
710,825
1,073,385
6.60%
66.99%
8.53%
51.01%
Growth (%)
INCOME STATEMENTS
Total Revenues
Growth (%)
Cost of Revenues
Gross Profit
Operating Expenses
Operating Profit
Growth (%)
1,985
1,985
1,656
1,580
1,262
1,425
1,175
770
548
365
8,003,873 11,655,844
28.43%
45.63%
-40
2009
2010
2011
2013
7,149,367 10,382,923
1,272,922
8,004
9,278
-97,518
-65,528
-236,464
-165,433
-306,495
270,380
326,666
418,476
545,392
766,890
Tax
107,120
125,018
178,253
235,709
346,170
163,260
201,648
240,223
309,683
420,720
23.51%
19.13%
28.91%
35.86%
Growth (%)
2012
6,232
6,900
4,203
4,401
2009
2010
4,522
2,145
Period Attributable
163,260
201,648
240,223
309,683
420,708
Comprehensive Income
163,260
201,648
240,223
309,683
420,720
201,648
240,223
309,683
420,708
Comprehensive Attributable
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
Dividend (Rp)
10.11
14.57
14.88
19.19
26.06
EPS (Rp)
42.92
41.64
49.61
63.95
86.88
BV (Rp)
144.08
260.58
294.36
341.95
409.87
DAR (X)
0.87
0.77
0.79
0.81
0.84
DER(X)
6.53
3.31
3.86
4.16
5.26
ROA (%)
3.96
3.70
3.46
3.62
3.39
ROE (%)
29.79
15.98
16.85
18.70
21.20
GPM (%)
11.10
11.69
12.61
10.68
10.92
OPM (%)
8.75
8.91
10.51
8.88
9.21
NPM (%)
3.88
4.58
3.85
3.87
3.61
23.55
34.99
30.00
30.01
30.00
1.82
3.07
2.31
2.25
RATIOS
-233
2011
2012
2013
310
335
240
202
249
163
163
77
-8
2009
2010
2011
2012
2013
133
COMPANY REPORT
PWON
PAKUWON JATI TBK.
Company Profile
PTPakuwonJatiTbk.isadiversifiedrealestatedeveloperfocusedinJakartaandSurabaya.
The Company's portfolio of prime properties includes retail, residential, commercial and
hospitalitydevelopments
Established in 1982 and listed on both the Jakarta and Surabaya Stock exchanges since
1989, Pakuwon Jati is an established brand name with over 25 years of experience
successfully developing, marketing and operating properties. The Company is vertically
integrated across the full real estate value chain from land acquisition, property
development,marketingandoperationalmanagement.
BasedonCompanysArticleofAssociations,theCompanyisengagedinbusiness:
1) ShoppingcenternamedasTunjunganPlaza
2) BusinesscenternamedasMenaraMandiri
3) FiveStarHotelsnamedasSheratonSurabayaHotelandTowers,also
4) Real estate business Pakuwon City (formerly Laguna Indah Housing) and industrial
estate (which has not operated and will change to residential estate), all located in
Surabaya.
TheCompanyhasdirectandindirectownershipinsubsidiaries:
1) PTArtisanWahyu,
2) PTElitePrimaHutama,
3) PTPakuwonSentraWisata,
4) PTPakuwonRegency,and
5) PTGramaPramesiSiddhi.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
134
As of 30 January 2014
Individual Index
:
Listed Shares
:
Market Capitalization :
1,183.546
48,159,602,400
14,784,997,936,800
COMPANY HISTORY
Established Date
: 20-Sep-1982
Listing Date
: 09-Oct-1989
Under Writer IPO :
PT Danareksa (Persero)
PT Aseam Indonesia
PT Inter-Pacific Financial Corporation
Securities Administration Bureau :
PT Sirca Datapro Perdana
Wisma Sirca
Jln. Johar No.18, Menteng, Jakarta 10340
Phone : (021) 314-0032, 390-5920, 390-0645
Fax
: (021) 390-0671, 390-0652
BOARD OF COMMISSIONERS
1. Alexander Tedja
2. Agus Soesanto *)
3. Dyah Pradnyaparamita Duarsa *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Richard Adisastra
2. Alexander Stefanus Ridwan Suhendra
3. Eiffel Tedja
4. Irene Tedja
5. Minarto
6. Sutandi Purnomosidi
7. Wong Boon Siew Ivy
AUDIT COMMITTEE
1. Agus Soesanto
2. Antonius Susanto
3. Lisawati
CORPORATE SECRETARY
Minarto
HEAD OFFICE
EastCoast Center 5th Fl.
Pakuwon Town Square - Pakuwon City
Jln. Kejawan Putih Mutiara No. 17, Surabaya
Phone : (031) 582-08788
Fax
: (031) 582-08798
Homepage
Email
: www.pakuwon.com
: pwonjati@yahoo.com
minarto@pakuwon.com
10,063,591,200
6,080,129,840
3,556,800,000
3,441,204,000
25,017,877,360
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
1990
1991
1991
1992
1992
1993
1994
1995
1996
2011
2012
Shares
Dividend
50.00
75.00
30.00
2:1
25.00
25.00
20.00
17.50
25.00
1.45
3.50
Cum Date
08-Jun-90
28-Feb-91
10-Jun-92
23-Nov-92
09-Aug-93
12-Jul-94
05-Jul-95
30-May-96
27-Jun-97
09-Oct-12
08-Oct-13
Ex Date
11-Jun-90
01-Mar-91
12-Jun-92
24-Nov-92
10-Aug-93
13-Jul-94
06-Jul-95
31-May-96
30-Jun-97
10-Oct-12
09-Oct-13
Recording
Date
15-Jun-90
08-Mar-91
19-Jun-92
01-Dec-92
18-Aug-93
20-Jul-94
14-Jul-95
10-Jun-96
08-Jul-97
12-Oct-12
11-Oct-13
:
:
:
:
:
20.00%
12.00%
7.00%
7.00%
54.00%
Payment
Date
22-Jul-90
08-Apr-91
20-Jul-92
23-Dec-92
18-Sep-93
19-Aug-94
11-Aug-95
08-Jul-96
06-Aug-97
25-Oct-12
25-Oct-13
F/I
F
F
F
F
F
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
Type of Listing
First Issue
Company Listing
Right Issue
Bonus Shares
Right Issue
Right Issue
Right Issue
Right Issue
Right Issue
Right Issue
Right Issue
Right Issue
Right Issue
Right Issue
Right Issue
Stock Split
Add. Listing without RI
Shares
3,000,000
17,000,000
50,000,000
35,000,000
5,000
4,300
6,500
21,625
30,450
1,650
20,500
20,078,445
9,804,048
74,483,629
543,853
210,000,000
247,000,000
Add. Listing without RI (canceled)
-247,000,000
CB Conversion
22,705,000
CB Conversion
224,295,000
CB Conversion
876,577,000
Stock Split
6,174,308,000
Bonus Shares
2,315,365,500
Right Issue
2,006,650,100
Stock Split
36,119,701,800
Listing
Date
09-Oct-89
09-Oct-89
01-Oct-91
24-Dec-92
18-Jul-94
18-Jul-94
18-Jul-94
18-Jul-94
18-Jul-94
18-Jul-94
18-Jul-94
18-Jul-94
18-Jul-94
18-Jul-94
18-Jul-94
29-Jan-96
03-Feb-06
20-Mar-06
21-Mar-06
27-Mar-06
08-Aug-06
19-Sep-07
22-Aug-08
02-Jan-12
30-Mar-12
Trading
Date
09-Oct-89
09-Oct-89
01-Oct-91
24-Dec-92
29-Jul-94
05-Aug-94
10-Aug-94
11-Aug-94
16-Aug-94
19-Aug-94
19-Aug-94
24-Aug-94
30-Aug-94
31-Aug-94
01-Sep-94
29-Jan-96
03-Feb-06
20-Mar-06
21-Mar-06
27-Mar-06
08-Aug-06
19-Sep-07
22-Aug-08
02-Jan-12
30-Mar-12
135
Volume
(Mill. Sh)
440
4,000
385
3,500
330
3,000
275
2,500
220
2,000
165
1,500
110
1,000
55
500
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
135%
90%
71.6%
45%
-45%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
SHARES TRADED
2010
2011
2012
3,180
2,457
184
245
2,148
1,921
137
247
11,909
3,536
218
246
26,640
8,934
480
244
976
299
49
20
Price (Rupiah)
High
Low
Close
Close*
1,060
490
900
217
1,100
670
750
188
880
170
225
225
430
220
270
270
340
261
307
307
19.88
11.09
3.17
14.14
17.34
3.46
10.90
17.79
3.37
12.39
16.27
3.83
33.01
PER (X)
9.97
PER Industry (X)
6.32
PBV (X)
* Adjusted price after corporate action
136
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
560
570
670
690
680
800
800
850
1,030
1,060
960
960
Low
490
510
550
580
520
620
680
660
790
920
870
880
Close
550
570
610
610
670
800
690
830
1,000
940
910
900
(X)
1,523
1,559
2,157
3,938
14,635
40,971
32,330
29,809
17,085
15,689
14,380
9,931
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
910
930
900
890
1,000
1,100
990
920
910
890
1,010
860
840
830
830
850
850
900
890
800
740
700
810
670
870
860
890
870
1,000
980
900
880
780
860
830
750
7,242
6,146
9,687
4,653
10,568
18,722
15,828
14,958
9,573
11,500
16,784
11,627
102,723
101,249
210,981
59,937
187,101
341,759
329,440
208,692
128,988
130,722
198,224
148,648
89,902
88,122
183,731
52,008
169,686
331,832
309,710
182,020
108,561
108,266
181,996
115,525
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
810
870
880
210
205
194
235
230
275
305
280
245
740
780
199
196
187
170
194
200
215
250
215
215
790
820
205
205
188
194
225
225
270
280
230
225
16,231
19,327
14,461
14,165
10,811
13,375
25,803
12,187
16,415
34,467
20,718
19,586
1,093,273
240,501
233,067
384,695
272,709
281,939
795,941
1,099,613
610,396
1,312,257
4,744,453
839,838
738,333
198,973
169,374
77,176
53,115
51,964
169,716
241,673
146,478
361,147
1,132,903
195,609
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
285
365
390
410
430
425
390
390
310
320
315
290
220
270
330
345
370
305
310
240
250
260
250
250
275
360
385
405
420
345
380
290
285
310
250
270
33,019
37,849
39,189
55,798
63,308
53,787
40,125
26,014
38,823
41,350
26,908
23,647
1,794,827
2,265,935
2,099,959
2,863,722
5,045,118
2,935,423
2,138,014
1,402,520
1,910,635
1,643,983
1,219,425
1,320,513
468,474
696,864
754,102
1,079,612
2,006,700
1,041,998
729,542
447,531
551,184
475,042
331,106
351,679
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
340
261
307
48,959
976,326
299,281
20
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Osman Bing Satrio & Eny (Member of Deloitte Touche Tohmatsu Limited)
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
200,607
312,956
621,021
1,315,146
2,126,206
Receivables
44,965
123,814
116,796
138,509
166,915
Inventories
2,486
2,927
3,121
1,262,136
1,051,081
Investment
1,996,240
2,033,472
216
268,531
1,559,360
736,173
1,659,292
844,548
673,096
BALANCE SHEET
Fixed Assets
Other Assets
Total Assets
Assets
Bank Payable
Trade Payable
Total Liabilities
8,000
6,000
14
11
11
3,476,870
3,937,326
5,744,711
7,565,820
9,298,245
13.24%
45.90%
31.70%
22.90%
2,000
-
Growth (%)
1,085,338
1,925,967
1,764,389
77,956
13,615
65,241
33,929
54,754
2,230,961
2,368,737
3,371,576
4,431,284
5,195,737
6.18%
42.34%
31.43%
17.25%
Growth (%)
Liabilities
10,000
4,000
2009
2010
2011
2012
2013
3,000,000
3,000,000
3,000,000
3,000,000
3,000,000
Paid up Capital
1,003,325
1,003,325
1,203,990
1,203,990
1,203,990
10,033
10,033
12,040
48,160
48,160
100
100
100
25
25
147,222
425,732
667,748
1,345,905
2,310,166
1,150,547
1,429,058
2,373,135
3,134,536
4,102,509
24.21%
66.06%
32.08%
30.88%
4,103
4,103
3,135
3,266
2,373
2,429
Total Equity
Growth (%)
INCOME STATEMENTS
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
Total Revenues
697,388
1,228,008
1,478,105
2,165,397
3,029,797
76.09%
20.37%
46.50%
39.92%
Growth (%)
Cost of Revenues
434,073
663,998
743,405
931,477
1,264,879
Gross Profit
263,315
564,010
734,700
1,233,920
1,764,919
58,385
95,138
264,829
332,815
433,727
204,931
468,872
469,871
128.80%
0.21%
-1,825
-83,319
203,106
385,552
47,439
67,822
316,527
103.34%
Operating Expenses
Operating Profit
1,429
1,592
1,151
755
-82
2009
2010
2011
2012
2013
Growth (%)
2,165
2,412
155,666
Growth (%)
469,871
901,105
1,331,192
91,339
-134,609
194,644
378,531
766,496
1,136,548
19.59%
102.49%
48.28%
1,478
1,794
1,228
1,176
697
557
Period Attributable
155,666
272,358
346,859
747,989
1,132,820
Comprehensive Income
146,622
316,527
378,531
766,496
1,136,548
272,358
346,859
747,989
1,132,820
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
1.45
3.50
EPS (Rp)
15.52
27.15
28.81
15.53
23.52
BV (Rp)
114.67
142.43
197.11
65.09
85.19
DAR (X)
0.64
0.60
0.59
0.59
0.56
DER(X)
1.94
1.66
1.42
1.41
1.27
Comprehensive Attributable
RATIOS
Dividend (Rp)
-61
2009
2010
2011
2012
2013
905
766
673
ROA (%)
4.48
8.04
6.59
10.13
12.22
ROE (%)
13.53
22.15
15.95
24.45
27.70
GPM (%)
37.76
45.93
49.71
56.98
58.25
OPM (%)
29.39
38.18
31.79
NPM (%)
22.32
25.78
25.61
35.40
37.51
5.03
22.53
Yield (%)
0.19
1.56
317
441
209
379
156
-23
2009
2010
2011
2012
2013
137
C
CO
OM
MP
PA
AN
NY
Y R
RE
EP
PO
OR
RT
T
SMGR
SEMEN INDONESIA (PERSERO) TBK.
Company Profile
PT Semen Indonesia (Persero) Tbk. was established on March 25th, 1953. The scope of
activitiesoftheCompanyinaccordancewiththeArticlesofAssociationandbeingcarried
outduringthereportingperiodistoengageinthecementindustry.TheCompanysandits
subsidiariescementplantsarelocatedinGresikandTubaninEastJava,IndarunginWest
Sumatera,PangkepinSouthSulawesiandQuangNinhinVietnam.
AsofDecember31st,2013,theCompanyanditssubsidiarieshad6,971employees.
The subsidiaries of the company are established as Strategic Tools, in order to give the
maximumcontributions.Inaddition,theirexistenceisexpectedtoincurbeneficialsynergy
inordertoachievethepurposeinaccordancewiththestipulatedcorebusiness.Beloware
thesubsidiariesofthecompany:
PTSemenPadang,
PTSepatimBatamtama,
PTBimaSepajaAbadi,
PTSemenTonasa,
PTUnitedTractorsSemenGresik,
PTIndustriKemasanSemenGresik,
PTKawasanIndustriGresik,
PTSGGEnergiPrima,
PTSGGPrimaBeton,
ThangLongCementJointStockCompany,
ThangLongCementJointStockCompany2,
AnPhuCementJointStockCompany
TheCompanyhasseveralawardsin2013:GoldProperAward2013,IndonesiaSustanibility
Reporting Awards 2013 from National Centre for Sustainability Reporting, Indonesia CSR
Award 2013, Anugerah BUMN 2013, PT Semen Indonesia (Persero) Tbk. awarded
Champion SOE category Best Manufacturing Competitiveness and President Director
awardedasBestofManagementFeeCategory,etc.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
138
As of 30 January 2014
Main Board
Industry Sector : Basic Industry And Chemicals (3)
Industry Sub Sector : Cement (31)
Individual Index
:
Listed Shares
:
Market Capitalization :
4,941.227
5,931,520,000
84,227,584,000,000
COMPANY HISTORY
Established Date
: 25-Mar-1953
Listing Date
: 08-Jul-1991
Under Writer IPO :
PT Buanamas Investindo
PT Ficorinvest
PT Indovest Securities
PT Merchant Investment Corporation
PT Multicor
PT Nikko Securities Indonesia
PT Nomura Indonesia
PT Primarindo Daya Investama
Securities Administration Bureau :
PT Datindo Entrycom
Wisma Sudirman - Puri Datindo
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220
Phone : (021) 570-9009
Fax
: (021) 570-9026
BOARD OF COMMISSIONERS
1. Mahendra Siregar
2. Achmad Jazidie
3. Farid Prawiranegara *)
4. Hadi Waluyo *)
5. Marwanto Harjowiryono
6. Muchammad Zaidun *)
7. Wahyu Hidayat
*) Independent Commissioners
BOARD OF DIRECTORS
1. Dwi Soetjipto
2. Ahyanizzaman
3. Amat Pria Darma
4. Gatot Kustyadji
5. Johan Samudra
6. Suharto
7. Suparni
AUDIT COMMITTEE
1. Hadi Waluyo
2. Achmad Jazidie
3. Sahat Pardede
4. Elok Tresnaningsih
Shares
Dividend
284.70
267.75
164.18
184.51
109.62
147.87
156.82
135.06
162.24
231.14
267.61
115.03
174.68
112.73
39.67
267.51
443.12
1,092.06
149.66
215.19
58.00
250.45
58.00
248.26
330.89
367.74
407.42
Cum Date
12-Jun-92
14-Jun-93
13-Jul-94
03-Jul-95
11-Jul-96
08-Jul-97
09-Jul-98
13-Jul-99
10-Jul-00
05-Jul-01
18-Jul-02
18-Jul-03
23-Jul-04
22-Dec-04
05-Jan-05
18-Jul-05
21-Jul-06
19-Jul-07
29-May-08
21-Jul-09
07-Dec-09
19-Jul-10
27-Dec-10
27-Jul-11
17-Jul-12
29-May-13
28-Apr-14
Ex Date
15-Jun-92
15-Jun-93
14-Jul-94
04-Jul-95
12-Jul-96
09-Jul-97
10-Jul-98
14-Jul-99
11-Jul-00
06-Jul-01
19-Jul-02
21-Jul-03
26-Jul-04
23-Dec-04
06-Jan-05
19-Jul-05
24-Jul-06
20-Jul-07
30-May-08
22-Jul-09
08-Dec-09
20-Jul-10
28-Dec-10
28-Jul-11
18-Jul-12
30-May-13
29-Apr-14
3,025,406,000 :
2,906,114,000 :
Recording
Date
22-Jun-92
24-Jun-93
21-Jul-94
12-Jul-95
22-Jul-96
18-Jul-97
20-Jul-98
22-Jul-99
19-Jul-00
13-Jul-01
24-Jul-02
23-Jul-03
28-Jul-04
28-Dec-04
10-Jan-05
21-Jul-05
26-Jul-06
24-Jul-07
03-Jun-08
24-Jul-09
10-Dec-09
22-Jul-10
30-Dec-10
01-Aug-11
20-Jul-12
03-Jun-13
02-May-14
51.01%
48.99%
Payment
Date
13-Jul-92
22-Jul-93
19-Aug-94
11-Aug-95
20-Aug-96
15-Aug-97
18-Aug-98
20-Aug-99
21-Jul-00
20-Jul-01
07-Aug-02
06-Aug-03
11-Aug-04
07-Jan-05
18-Jan-05
01-Aug-05
09-Aug-06
07-Aug-07
17-Jun-08
07-Aug-09
23-Dec-09
05-Aug-10
04-Jan-11
15-Aug-11
03-Aug-12
17-Jun-13
19-May-14
F
F
F
F
F
F
F
F
F
F
F
F
F
F
I
F
F
F
F
I
F
I
F
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
Type of Listing
First Issue
Partial Listing
Company Listing
Right Issue
Stock Split
Shares
40,000,000
30,000,000
78,288,000
444,864,000
5,338,368,000
Listing
Date
08-Jul-91
08-Jul-91
02-Jun-95
10-Aug-95
07-Aug-07
Trading
Date
08-Jul-91
17-May-92
02-Jun-95
10-Aug-95
07-Aug-07
CORPORATE SECRETARY
Agung Wiharto
HEAD OFFICE
Gedung Utama Semen Gresik
Jln. Veteran
Gresik - 61122
Phone : (021) 526-1174 - 5, (031) 398-1731 - 2
Fax
: (021) 526-1176, (031) 398-3209
Homepage
Email
F/I
: www.semengresik.com
: corp.sec@sg.sggrp.com
agungw@sg.sggrp.com
139
Volume
(Mill. Sh)
20,000
1,600
17,500
1,400
15,000
1,200
12,500
1,000
10,000
800
7,500
600
5,000
400
2,500
200
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
75%
71.6%
50%
25%
-25%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
2010
2011
2012
3,977
31,995
172
245
2,068
18,855
233
247
2,149
26,942
296
246
2,548
39,111
497
244
192
2,808
56
20
Price (Rupiah)
High
Low
Close
Close*
10,350
7,250
9,450
9,450
11,450
7,250
11,450
11,450
16,950
9,900
15,850
15,850
19,150
11,350
14,150
14,150
15,900
13,775
14,200
14,200
17.15
10.41
4.65
19.09
9.79
5.18
16.11
17.44
4.24
16.17
13.29
4.25
SHARES TRADED
15.43
PER (X)
12.86
PER Industry (X)
4.67
PBV (X)
* Adjusted price after corporate action
140
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
8,200
8,000
7,850
8,400
9,000
9,050
9,500
9,250
9,950
10,350
9,900
9,900
Low
7,500
7,250
7,250
7,350
7,600
7,950
8,650
8,400
8,650
9,600
9,050
9,050
Close
8,000
7,600
7,300
8,200
8,450
8,750
9,250
8,700
9,900
9,800
9,200
9,450
(X)
10,064
7,426
15,012
16,173
15,936
13,285
15,790
18,106
14,416
11,602
18,320
16,043
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
10,000
8,850
9,350
9,800
9,800
9,750
10,000
9,650
9,450
9,500
9,550
11,450
7,250 7,750
7,800 8,650
8,250 9,100
9,100 9,500
9,200 9,700
9,150 9,600
9,350 9,450
8,400 9,100
7,400 8,300
7,700 9,500
8,650 9,250
9,300 11,450
28,860
16,970
21,543
13,301
13,524
14,410
13,494
22,705
23,699
24,322
18,215
21,806
279,407
157,200
169,216
120,939
144,637
128,580
241,451
206,839
145,732
149,227
129,289
195,126
2,371,780
1,307,341
1,488,654
1,153,198
1,378,004
1,218,512
2,367,029
1,864,386
1,234,343
1,282,433
1,181,110
2,008,194
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
12,950
11,700
12,650
12,650
12,400
11,650
13,600
13,500
14,550
15,300
15,300
16,950
10,750
10,400
11,050
11,600
10,400
9,900
11,250
11,700
12,100
14,000
14,200
14,400
11,300
11,250
12,250
12,150
10,950
11,300
12,950
12,400
14,450
14,900
14,800
15,850
31,022
29,475
23,712
17,193
23,702
24,678
25,606
24,809
22,738
20,580
19,316
33,063
210,657
290,757
156,721
134,207
217,770
150,083
178,845
148,524
153,409
167,042
158,215
183,180
2,414,273
3,283,417
1,871,958
1,629,480
2,436,384
1,665,904
2,139,748
1,869,739
2,076,999
2,442,691
2,325,714
2,785,728
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
16,500
17,350
19,050
19,000
19,150
18,100
17,350
16,100
16,100
14,900
14,450
14,250
14,800
15,650
16,750
17,550
17,800
15,100
14,500
11,350
12,000
12,650
12,500
12,550
15,750
17,350
17,700
18,400
18,000
17,100
15,200
12,600
13,000
14,350
12,800
14,150
36,762
25,757
33,701
30,277
34,933
62,937
56,573
48,611
58,179
42,313
40,588
26,707
178,167
127,417
163,665
174,546
170,557
338,786
251,155
218,078
271,286
256,768
214,362
183,705
2,774,872
2,087,807
2,914,490
3,160,011
3,163,710
5,634,798
3,838,600
2,926,645
3,754,482
3,562,387
2,844,746
2,448,156
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
55,849
192,064
2,808,267
20
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Osman Bing Satrio & Eny (Member of Deloitte Touche Tohmatsu Limited)
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
3,410,263
3,664,278
3,375,645
3,081,102
4,108,092
Receivables
1,439,816
1,764,284
1,864,177
2,522,529
2,916,062
Inventories
1,407,578
1,624,219
2,006,660 22,849,053
2,645,893
Current Assets
8,207,041
734,360
7,646,145
9,972,110
Fixed Assets
4,014,143
BALANCE SHEET
Other Assets
Total Assets
Assets
17,462
18,029
54,223
224,136
20.17%
Growth (%)
Current Liabilities
8,231,297
18,750
12,500
35.18%
15.85%
6,250
-
2,517,519
2,889,137
4,825,205
5,297,631
338,372
905,727
2,157,369
3,589,025
3,691,278
2,633,214
3,423,246
5,046,506
8,414,229
8,988,908
30.00%
47.42%
66.73%
6.83%
2,000,000
2,000,000
2,000,000
2,000,000
2,000,000
593,152
593,152
593,152
593,152
593,152
5,932
5,932
5,932
5,932
5,932
100
100
100
100
100
Growth (%)
25,000
26.34%
2,294,842
Liabilities
31,250
2009
2010
2011
2012
2013
8,143,284
21,804
21,804
18,165
17,356
14,615
12,006
12,908
Total Equity
Growth (%)
INCOME STATEMENTS
Total Revenues
10,198
Dec-09
17.74%
21.73%
24.29%
20.03%
Dec-10
Dec-11
Dec-12
Dec-13
8,460
4,012
-0.30%
Growth (%)
14.18%
19.66%
25.02%
Cost of Revenues
7,613,709
7,534,079
Gross Profit
6,774,141
6,810,110
7,486,926
9,297,581 10,944,094
Expenses (Income)
2,431,578
2,321,085
2,594,794
3,116,058
4,023,694
Operating Profit
4,342,563
4,489,025
4,892,131
6,181,524
3.37%
8.98%
26.36%
-436
2009
2010
2011
2012
2013
Growth (%)
19,598
19,503
301,714
224,358
197,821
105,931
4,655,188
4,722,623
5,089,952
6,287,454
6,920,400
Tax
1,302,433
1,063,509
1,134,680
1,360,814
1,566,101
3,352,755
3,659,114
3,955,273
4,926,640
5,354,299
9.14%
8.09%
24.56%
8.68%
Growth (%)
16,379
14,388
14,344
2009
2010
14,505
9,506
4,508
Period Attributable
3,352,755
3,633,220
3,925,442
4,847,252
5,370,247
Comprehensive Income
3,326,488
3,656,622
3,960,605
4,924,791
5,852,023
3,630,727
3,930,774
4,845,403
5,716,493
Comprehensive Attributable
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
357.63
29.17
264.65
170.59
188.24
Dividend (Rp)
308.45
306.26
330.89
367.74
407.42
RATIOS
565.24
612.53
661.79
817.20
905.37
BV (Rp)
1,719.24
2,024.18
2,463.97
3,062.43
3,675.95
DAR (X)
0.20
0.22
0.26
0.32
0.29
DER(X)
0.26
0.29
0.35
0.46
0.41
ROA (%)
25.89
23.51
20.12
18.54
17.39
ROE (%)
32.88
30.48
27.06
27.12
24.56
GPM (%)
47.08
47.48
45.71
47.44
44.67
OPM (%)
30.18
31.30
29.87
31.54
NPM (%)
23.30
25.51
24.15
25.14
21.85
54.57
50.00
50.00
45.00
45.00
4.09
3.24
2.89
2.32
2.88
EPS (Rp)
-490
2011
2012
2013
5,354
4,262
3,353
3,659
3,955
3,170
Yield (%)
2,077
985
-107
2009
2010
2011
2012
2013
141
C
CO
OM
MP
PA
AN
NY
Y R
RE
EP
PO
OR
RT
T
SMRA
SUMMARECON AGUNG TBK.
Company Profile
PT Summarecon Agung Tbk. was founded in 1975 by Mr. Soetjipto Nagaria and his
associates to undertake real estate construction and development. Starting with a 10
hectare of marsh land in the then backwaters of Jakarta, the founders managed to
transformthislocationofKelapaGadingintooneofthemostaffluentareasinJakarta.And
overtheyearsSummareconhasbuiltareputationasoneoftheleadingpropertyplayersin
Indonesia,especiallyinthedevelopmentoftownships.
TheCompanysheadofficeislocatedatPlazaSummarecon,Jln.PerintisKemerdekaanNo.
42,Jakarta.
TheCompanyhasneteffectivedirectandindirectownershipinsubsidiariesasfollows:
PTSerpongCiptaKreasi,
PTLestariMahadibya,
PTGadingOrchard,
PTCitraDamaiAgung,
PTUnotaPersadajaya,
PTBahagiaMakmursejati,
PTMakmurOrientJaya,
PTSummareconHotelindo,
PTOrientCity,
PTEskageTatananKota,
PTSummervillePropertyManagement,
PTSummbangtriKreasiPersada,
PTSummareconBaliIndah,
PTJayaBangunAbadi,
PTBaktiKaryaVita.
TheCompanyandsubsidiarieshad1,770permanentemployeesasofDecember31th,2013.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
142
As of 30 January 2014
Individual Index
:
Listed Shares
:
Market Capitalization :
1,569.175
14,426,781,680
13,777,576,504,400
COMPANY HISTORY
Established Date
: 26-Nov-1975
Listing Date
: 07-May-1990
Under Writer IPO :
PT Danareksa Sekuritas
PT Multicor
Securities Administration Bureau :
PT Sirca Datapro Perdana
Wisma Sirca
Jln. Johar No.18, Menteng, Jakarta 10340
Phone : (021) 314-0032, 390-5920, 390-0645
Fax
: (021) 390-0671, 390-0652
BOARD OF COMMISSIONERS
1. Soetjipto Nagaria
2. Edi Darnadi *)
3. Esther Melyani Homan *)
4. Harto Djojo Nagaria
*) Independent Commissioners
BOARD OF DIRECTORS
1. Johanes Mardjuki
2. Adrianto Pitoyo Adhi
3. G.E. Lilies Yamin
4. Herman Nagaria
5. Lexy Arie Tumiwa
6. Liliawati Rahardjo
7. Sharif Benyamin
8. Soegianto Nagaria
9. Yong King Ching
AUDIT COMMITTEE
1. Edi Darnadi
2. Esther Melyani Homan
3. Poespita Pelangiwati
CORPORATE SECRETARY
Michael Yong
HEAD OFFICE
Jln. Perintis Kemerdekaan No. 42
Jakarta Timur
Phone : (021) 489-2107, 471-4567
Fax
: (021) 489-2976, 471-4486
Homepage
Email
: www.summarecon.com
: corp_secretary@summarecon.com
1,855,985,872
1,812,802,632
942,080,224
810,000,000
9,005,912,952
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
1990
1991
1992
1992
1994
1993
1994
1994
1995
1996
1997
2000
2001
2001
2002
2003
2005
2005
2005
2006
2007
2008
2009
2010
2011
2012
Shares
Dividend
194.00
142.00
60.00
146.00
2:1
50 : 3
2:1
100 : 4
62.00
125.00
89.00
20.00
11.00
100 : 3
25.00
30.00
10 : 1
10.00
15.00
18.00
15.00
5:2
1:1
13.00
11.00
3.00
8.00
10.00
23.00
43.00
Cum Date
31-May-91
16-Jul-92
13-Jul-93
19-Jul-93
16-Feb-94
22-Jul-94
15-Dec-94
21-Jul-95
09-Jul-96
28-Jul-97
28-Jul-97
24-Jul-01
15-Jul-02
15-Jul-02
15-Jul-03
16-Jul-04
18-Jul-05
13-Jul-06
13-Jul-06
08-Jun-07
21-May-08
30-Jun-09
27-May-10
28-Jun-11
27-Jun-12
26-Jun-13
Recording
Date
10-Jun-91
24-Jul-92
21-Jul-93
27-Jul-93
24-Feb-94
01-Aug-94
23-Dec-94
01-Aug-95
18-Jul-96
06-Aug-97
06-Aug-97
01-Aug-01
19-Jul-02
19-Jul-02
18-Jul-03
21-Jul-04
20-Jul-05
18-Jul-06
18-Jul-06
13-Jun-07
26-May-08
03-Jul-09
02-Jun-10
04-Jul-11
02-Jul-12
01-Jul-13
Ex Date
03-Jun-91
17-Jul-92
14-Jul-93
20-Jul-93
17-Feb-94
25-Jul-94
16-Dec-94
24-Jul-95
10-Jul-96
29-Jul-97
29-Jul-97
25-Jul-01
16-Jul-02
16-Jul-02
16-Jul-03
19-Jul-04
19-Jul-05
14-Jul-06
14-Jul-06
11-Jun-07
22-May-08
01-Jul-09
31-May-10
30-Jun-11
28-Jun-12
27-Jun-13
:
:
:
:
:
12.00%
12.00%
6.00%
5.00%
65.00%
Payment
Date
25-Jul-91
24-Aug-92
31-Jul-93
27-Aug-93
23-Mar-94
01-Sep-94
16-Jan-95
30-Aug-95
16-Aug-96
04-Sep-97
04-Sep-97
20-Aug-01
02-Aug-02
02-Aug-02
21-Jul-03
04-Aug-04
03-Aug-05
01-Aug-06
01-Aug-06
27-Jun-07
09-Jun-08
17-Jul-09
15-Jun-10
18-Jul-11
16-Jul-12
15-Jul-13
F/I
F
F
F
F
F
I
F
F
F
F
F
F
F
F
F
S
I
F
F
F
F
F
B
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Type of Listing
First Issue
Partial Listing
Bonus Shares
Stock Dividend
Company Listing
Stock Dividen
Stock Split
Additional Listing without RI
Right Issue
Warrant
Shares
6,667,000
16,666,700
11,282,833,556
6,000,000
64,999,300
50,345,760
1,664,183,040
433,926,000
459,014,453
442,145,871
T:
T:
T:
T:
T:
Listing
Date
07-May-90
26-Jan-94
24-Mar-94
12-Sep-94
17-Jan-95
19-Aug-96
11-Nov-96
17-Nov-05
25-Jul-07
17-Jan-08
:
:
:
:
Trading
Date
07-May-90
26-Jan-94
15-Jul-13
12-Sep-94
17-Jan-95
02-Aug-02
12-Aug-02
23-Oct-12
25-Jul-07
25-Jun-10
143
Volume
(Mill. Sh)
1,600
480
1,400
420
1,200
360
1,000
300
800
240
600
180
400
120
200
60
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
130%
71.6%
65%
-65%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
SHARES TRADED
2010
2011
2012
2013 Jan-14
3,511
3,108
86
245
1,838
1,996
74
247
2,879
4,594
109
246
6,799
9,117
262
244
485
434
28
20
Price (Rupiah)
High
Low
Close
Close*
1,300
570
1,090
545
1,320
840
1,240
620
2,100
1,100
1,900
950
3,050
660
780
780
980
745
955
955
21.93
11.09
3.44
17.30
17.34
3.59
9.59
17.79
2.57
11.74
16.27
3.15
Freq.
Volume
Value
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
740
780
920
1,000
980
910
940
1,010
1,110
1,220
1,300
1,190
Low
570
670
710
810
660
720
830
880
910
1,030
1,100
1,050
Close
700
720
830
980
770
850
930
920
1,100
1,130
1,160
1,090
(X)
6,799
6,898
6,971
6,857
6,680
4,705
5,792
7,642
6,823
8,480
5,199
12,986
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
1,110
1,030
1,160
1,260
1,270
1,200
1,320
1,310
1,310
1,170
1,200
1,250
850
840
940
1,090
1,080
1,080
1,080
1,020
920
870
990
1,030
870
1,000
1,160
1,260
1,140
1,140
1,280
1,210
1,000
1,170
1,060
1,240
12,964
6,850
5,439
3,639
6,300
4,541
9,010
6,023
6,699
5,327
2,210
4,877
350,348
215,422
127,664
58,216
135,128
104,888
262,445
147,933
149,317
125,832
86,134
74,454
346,724
198,509
132,585
68,404
152,632
120,504
312,928
180,703
173,964
125,755
96,826
86,936
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
1,400
1,320
1,610
1,870
1,830
1,620
1,700
1,660
1,690
1,750
2,000
2,100
1,170
1,100
1,250
1,570
1,420
1,370
1,530
1,380
1,470
1,610
1,730
1,820
1,200
1,290
1,570
1,730
1,420
1,620
1,620
1,470
1,680
1,750
1,920
1,900
6,429
7,872
9,064
17,128
12,631
7,451
7,648
7,030
7,395
5,768
9,139
11,641
134,454
229,937
274,582
854,547
270,187
150,482
137,647
113,212
122,714
222,532
188,716
180,261
169,578
286,861
391,369
1,410,931
441,513
226,314
221,865
178,266
195,074
373,493
349,843
349,136
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
1,950
2,500
2,525
2,675
3,050
2,825
1,320
1,070
1,050
1,140
1,080
960
1,710
1,860
2,150
2,150
2,550
1,150
940
660
690
880
780
750
1,890
2,325
2,475
2,600
2,800
1,290
1,000
780
930
1,050
900
780
17,801
15,874
11,644
14,632
18,664
25,478
35,902
27,271
29,817
30,037
19,911
14,769
305,075
289,483
264,854
373,884
314,882
422,548
1,100,648
870,003
1,024,278
896,981
566,805
369,297
560,276
603,334
626,267
882,856
885,175
991,867
1,152,747
779,300
909,108
898,351
507,534
319,726
21
20
19
22
22
19
23
17
21
21
20
19
980
745
955
27,739
484,736
434,071
20
Jan-14
32.09
PER (X)
9.97
PER Industry (X)
3.50
PBV (X)
* Adjusted price after corporate action
144
Closing Price
Day
TRADING ACTIVITIES
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Purwantono, Suherman & Surja (Member of Ernst & Young Global Limited)
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
633,169
1,120,483
1,495,901
2,427,999
2,544,845
Receivables
136,159
216,974
82,776
138,931
275,967
Inventories
712,901
1,308,433
2,741,082
2,819,764
3,058,266
Investment
12,085
1,282,418
1,929,125
3,699
284,282
Fixed Assets
308,637
379,106
304,427
282,418
351,832
254,769
67,756
BALANCE SHEET
Other Assets
Total Assets
Assets
100,817
118,369
4,460,277
6,139,640
Growth (%)
37.65%
31.92%
841,780
822,823
1,911,032
246,765
184,225
63,235
2,735,479
3,982,107
5,622,075
7,060,987
9,001,470
45.57%
41.18%
25.59%
27.48%
1,000,000
1,000,000
1,000,000
2,500,000
2,500,000
643,680
687,314
687,314
721,339
1,442,678
6,437
6,873
6,873
7,213
14,427
100
100
100
100
100
Retained Earnings
1,025,038
1,207,161
1,531,470
2,171,202
2,963,203
Total Equity
1,717,777
2,139,887
2,477,100
3,815,400
4,657,667
Growth (%)
5,500
2,750
181,665
Total Liabilities
8,250
25.59%
Trade Payable
11,000
34.29%
62,785
Bank Payable
Liabilities
13,750
2009
2010
2011
2012
2013
4,658
4,658
3,815
3,708
2,477
2,757
24.57%
Growth (%)
INCOME STATEMENTS
Total Revenues
15.76%
54.03%
22.08%
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
1,197,693
1,695,444
2,359,331
3,463,163
4,093,789
41.56%
39.16%
46.79%
18.21%
Growth (%)
Cost of Revenues
593,272
947,778
1,312,185
1,871,176
1,943,287
Gross Profit
604,420
747,666
1,047,145
1,591,987
2,150,503
Operating Expenses
286,050
370,007
482,671
581,085
803,365
Operating Profit
318,370
377,659
564,475
1,010,901
1,347,138
18.62%
49.47%
79.09%
33.26%
2,140
1,718
1,807
857
-93
2009
2010
2011
2012
2013
Growth (%)
3,463
3,259
-75,374
-33,747
-33,559
-24,507
-27,712
242,996
343,911
530,916
986,395
1,319,425
Tax
Profit for the period
74,793
109,574
142,209
194,309
223,537
168,203
234,337
388,707
792,086
1,095,888
39.32%
65.88%
103.77%
38.35%
Growth (%)
2,359
2,424
1,695
1,588
1,198
753
Period Attributable
168,203
233,478
392,019
797,814
1,102,177
Comprehensive Income
167,343
234,337
388,707
792,086
1,095,888
233,478
392,019
787,814
1,102,177
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
8.00
10.00
23.00
43.00
EPS (Rp)
26.13
33.97
57.04
110.60
76.40
BV (Rp)
266.87
311.34
360.40
528.93
322.85
DAR (X)
0.61
0.65
0.69
0.65
0.66
DER(X)
1.59
1.86
2.27
1.85
1.93
ROA (%)
3.77
3.82
4.80
7.28
8.02
Comprehensive Attributable
RATIOS
Dividend (Rp)
-82
2009
2010
2011
2012
2013
792
872
649
ROE (%)
9.79
10.95
15.69
20.76
23.53
GPM (%)
50.47
44.10
44.38
45.97
52.53
OPM (%)
26.58
22.27
23.93
29.19
32.91
NPM (%)
14.04
13.82
16.48
22.87
26.77
30.61
29.44
40.33
38.88
1.33
0.92
1.85
2.26
Yield (%)
389
425
168
234
202
-22
2009
2010
2011
2012
2013
145
OM
M PP A
AN
N YY RR EE PP O
O RR TT
CC O
SSIA
SURYA SEMESTA INTERNUSA TBK.
Company Profile
PT Surya Semesta Internusa Tbk. was established at June 15th, 1971. The scope of
companys activities especially engaged in industry, trade, construction, agriculture, mining
and services, including establishing a company in the field of building material, real estate,
industrial area, building management, and others.
Currently, the Company activities engaged in investing and providing management services
and training to subsidiaries that specializes in field of develop/manage industrial area, real
estate, construction services, hospitality and others.
The Company has direct ownership in subsidiaries:
PT Suryacipta Swadaya,
PT TCP Internusa,
PT Enercon Paradhya International,
PT Karsa Sedaya Sejahtera,
PT Sitiagung Makmur,
PT Suryalaya Anindita International, and
PT Surya Internusa Hotel.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
146
As of 30 January 2014
Individual Index
:
Listed Shares
:
Market Capitalization :
274.872
4,705,249,440
3,152,517,124,800
COMPANY HISTORY
Established Date
: 15-Jun-1971
Listing Date
: 27-Mar-1997
Under Writer IPO :
PT Aspac Uppindo Sekuritas
PT Usaha Bersama Sekuritas
Securities Administration Bureau :
PT Sinartama Gunita
Plaza BII Menara 1, 9th Fl.
Jln. M.H. Thamrin No. 51 Jakarta 10350
Phone : (021) 392-2332
Fax
: (021) 392-3003
Shares
Dividend
4.50
6.50
30.00
Cum Date
14-Nov-11
12-Jun-12
10-May-13
Ex Date
15-Nov-11
13-Jun-12
13-May-13
387,847,976 :
259,563,000 :
4,057,838,464 :
Recording
Date
17-Nov-11
15-Jun-12
15-May-13
8.00%
6.00%
86.00%
Payment
F/I
Date
01-Dec-11 I
29-Jun-12 F
29-May-13 F
ISSUED HISTORY
BOARD OF COMMISSIONERS
1. Hagianto Kumala *)
2. Marseno Wirjosaputro *)
3. Royanto Rizal
4. Steen Dahl Poulsen
5. William Jusman
*) Independent Commissioners
No.
1.
2.
3.
4.
5.
6.
Type of Listing
First Issue
Company Listing
CB Conversion
Additional Listing without RI
Right Issue
Stock Splits
Shares
135,000,000
540,000,000
64,611,500
209,027,500
227,673,360
3,528,937,080
Listing
Date
27-Mar-97
27-Mar-97
27-Mar-97
02-Dec-05
29-Jul-08
07-Jul-11
Trading
Date
27-Mar-97
06-Nov-97
06-Nov-97
02-Dec-05
29-Jul-08
07-Jul-11
BOARD OF DIRECTORS
1. Johannes Suriadjaja
2. Eddy Purwana Wikanta
3. Herman Gunadi (Not Affiliated)
4. The Jok Tung
AUDIT COMMITTEE
1. Marseno Wirjosaputro
2. Irwan Setia
3. Kardinal Alamsyah Karim
CORPORATE SECRETARY
Eddy Purwana Wikanta
HEAD OFFICE
Tempo Scan Lt. 5, Jln. H.R. Rasuna Said Kav. 3-4
Kel. Kuningan Timur, Kec. Setiabudi
Jakarta - 12950
Phone : (021) 526-2121, 527-2121
Fax
: (021) 526-7878
Homepage
Email
: www.suryainternusa.com
: eddy@nusarayacipta.com
inquiry@suryainternusa.com
147
Volume
(Mill. Sh)
1,800
400
1,575
350
1,350
300
1,125
250
900
200
675
150
450
100
225
50
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
-330%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
SHARES TRADED
2010
2011
2012
2013 Jan-14
307
182
8
192
6,293
3,246
121
247
8,712
8,955
233
246
6,856
7,921
308
244
487
321
27
20
Price (Rupiah)
High
Low
Close
Close*
950
270
930
233
1,360
270
720
720
1,330
700
1,080
1,080
1,660
510
560
560
750
540
670
670
12.42
11.09
2.82
6.87
17.34
3.04
4.07
17.79
1.09
4.86
16.27
1.31
Freq.
Volume
Value
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
305
380
385
420
420
430
450
450
510
640
860
950
Low
270
290
300
340
300
300
350
350
360
405
500
630
Close
305
305
380
410
390
390
440
445
495
560
630
930
(X)
340
145
262
993
71
96
65
52
292
561
1,645
3,809
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
980
1,170
1,190
1,170
1,340
1,360
1,360
455
445
430
420
740
800
980
1,050
1,090
1,140
1,270
325
350
305
270
360
385
970
1,100
1,100
1,130
1,330
1,360
425
420
360
395
375
720
4,113
4,483
3,447
2,240
9,325
6,591
22,916
17,913
9,381
12,545
6,135
22,183
102,768
88,936
64,596
36,601
192,251
145,123
1,466,179
1,038,706
379,750
657,715
328,544
1,791,592
93,954
95,780
71,802
41,299
236,311
190,796
592,101
429,153
152,573
240,241
125,959
976,482
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
950
970
1,060
1,200
1,230
1,040
1,160
1,210
1,330
1,310
1,210
1,160
700
850
850
1,000
870
800
990
1,070
1,170
1,100
1,050
1,000
900
910
1,020
1,200
910
980
1,150
1,170
1,320
1,180
1,120
1,080
24,858
13,839
16,068
18,889
26,196
19,350
20,473
14,030
16,278
28,219
19,200
15,232
1,276,553
793,419
842,729
840,011
976,408
792,516
677,361
335,388
468,652
859,806
516,312
332,959
1,080,662
722,019
779,174
927,503
1,031,839
744,115
727,907
382,269
585,179
1,018,759
592,263
363,196
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
1,390
1,520
1,630
1,620
1,660
1,650
1,330
970
910
900
830
780
1,030
1,320
1,410
1,500
1,460
1,190
900
510
630
690
700
550
1,390
1,500
1,620
1,580
1,660
1,300
940
700
720
800
730
560
26,407
22,506
26,919
21,899
31,465
35,142
34,962
22,730
31,766
25,811
13,379
15,352
719,658
536,899
750,796
379,354
637,197
705,415
653,844
535,299
729,837
657,119
234,917
315,968
888,338
745,680
1,149,978
592,354
995,669
953,651
707,779
421,640
559,929
518,704
178,699
209,019
21
20
19
22
22
19
23
17
21
21
20
19
750
540
670
27,480
486,609
321,249
20
Jan-14
9.46
PER (X)
9.97
PER Industry (X)
1.26
PBV (X)
* Adjusted price after corporate action
148
Closing Price
Day
TRADING ACTIVITIES
19
15
16
20
15
14
9
11
12
20
21
20
Public Accountant : Aryanto, Amir Jusuf, Mawar & Saptoto (Member of RSM International)
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
209,696
244,929
584,075
1,890,287
1,692,417
Receivables
358,543
453,313
619,991
383,348
698,778
Inventories
5,359
6,464
8,262
163,816
458,902
Investment
22,822
122,637
514,112
100,066
475,832
Fixed Assets
635,607
658,512
482,930
607,715
942,495
907
8,794
14,023
2,382,642
2,937,938
4,854,633
5,814,435
6.58%
23.31%
65.24%
19.77%
1,250
-
BALANCE SHEET
Other Assets
Total Assets
Assets
2,235,442
Growth (%)
Bank Payable
518,562
466,117
623,786
505,025
Trade Payable
191,957
210,045
219,660
155,721
346,350
1,417,350
1,428,911
1,736,789
3,185,004
3,202,661
0.82%
21.55%
83.38%
0.55%
Total Liabilities
Growth (%)
Liabilities
6,250
5,000
3,750
2,500
2009
2010
2011
2012
2013
800,000
800,000
800,000
800,000
800,000
Paid up Capital
588,156
588,156
588,156
588,156
588,156
1,176
1,176
4,705
4,705
4,705
500
500
125
125
125
-117,305
-1,717
234,591
911,259
1,461,242
758,093
Growth (%)
INCOME STATEMENTS
Total Revenues
869,080
1,201,149
1,669,629
2,611,774
14.64%
38.21%
39.00%
56.43%
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
1,484,102
1,690,096
2,878,775
3,564,594
4,582,741
13.88%
70.33%
23.82%
28.56%
Growth (%)
1,136,303
1,211,694
2,096,390
2,268,932
3,262,614
Gross Profit
347,799
478,402
782,385
1,295,662
1,320,128
Operating Expenses
261,621
317,565
397,296
356,257
346,886
86,178
160,836
385,090
939,405
973,242
86.63%
139.43%
143.94%
3.60%
Cost of Revenues
Operating Profit
Growth (%)
2,612
2,612
2,079
1,670
1,546
1,013
1,201
869
758
481
-52
2009
2010
2011
2012
2013
3,565
3,648
25,493
33,837
-61,442
-66,313
112,830
195,858
385,090
877,963
906,929
Tax
58,648
55,536
106,914
139,345
160,313
54,182
140,323
278,175
738,618
746,616
158.98%
98.24%
165.52%
1.08%
Growth (%)
2,879
2,713
1,778
1,484
1,690
843
Period Attributable
54,182
115,588
257,481
707,253
691,140
Comprehensive Income
17,599
139,685
272,759
739,522
746,549
114,951
252,065
708,157
691,073
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
11.00
30.00
EPS (Rp)
46.06
98.26
54.72
150.31
146.89
BV (Rp)
644.47
738.82
255.28
354.84
555.08
DAR (X)
0.63
0.60
0.59
0.66
0.55
DER(X)
1.87
1.64
1.45
1.91
1.23
ROA (%)
2.42
5.89
9.47
15.21
12.84
Comprehensive Attributable
RATIOS
Dividend (Rp)
ROE (%)
7.15
16.15
23.16
44.24
28.59
GPM (%)
23.43
28.31
27.18
36.35
28.81
OPM (%)
5.81
9.52
13.38
26.35
21.24
NPM (%)
3.65
8.30
9.66
20.72
16.29
20.10
19.96
Yield (%)
1.53
2.78
-92
2009
2010
2011
2012
2013
747
2012
2013
747
594
442
278
290
140
137
54
-15
2009
2010
2011
149
OM
M PP A
AN
N YY RR EE PP O
O RR TT
CC O
TAXI
EXPRESS TRANSINDO UTAMA TBK.
Company Profile
PT Express Transindo Utama Tbk. was established at June 11th, 1981. The scope of companys
activities is mainly to engage in land transportation services.
Commercially started operational activities in April 1989 as a subsidiary company of Rajawali
Corpora, PT Express Transindo Utama Tbk. now one of the largest taxi operator in Indonesia,
providing taxi services and value added transporation business (VATB) services. With more
than 8,000 licensed taxi fleets and fully supported by more than 18,000 qualified drivers, we
are ready to service our customer with high quality services.
Providing land transport services to cater to all of customers needs, PT Express Transindo
Utama Tbk. offer regular, premium taxi, and Value Added Transport Business (consist of
premium rental services and bus rental services). PT Express Transindo Utama Tbk. has been
serving its basis in the Greater Jakarta area and has expanded to serve other major cities
including Medan, Surabaya, Semarang, Bandung, Bali, and Lombok.
As of December 31st, 2013 the Group had 1,889 and 1,507 employees, permanent and
contractual (unaudited).
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or of
the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be by
any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any advice
action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
150
As of 30 January 2014
Development Board
Industry Sector : Infrastructure, Utilities And Transportation (7)
Industry Sub Sector : Transportation (74)
Individual Index
:
Listed Shares
:
Market Capitalization :
314.286
2,145,600,000
3,776,256,000,000
COMPANY HISTORY
Established Date
: 11-Jun-1981
Listing Date
: 02-Nov-2012
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Plaza Property 2nd Fl. Komp. Pertokoan Pulomas Blok VIII No. 1
Year
2012
Shares
Dividend
10.00
1,094,310,000 :
1,051,290,000 :
Cum Date
29-Jul-13
Ex Date
30-Jul-13
Recording
Date
01-Aug-13
51.00%
49.00%
Payment
F/I
Date
22-Aug-13 F
ISSUED HISTORY
No. Type of Listing
1. First Issue
2. Company Listing
Shares
1,051,280,000
1,094,320,000
Listing
Date
02-Nov-12
02-Nov-12
Trading
Date
02-Nov-12
02-Nov-12
BOARD OF DIRECTORS
1. Daniel Podiman
2. David Santoso
3. Herwan Gozali
4. Shafruhan Sinungan
AUDIT COMMITTEE
1. S.Y. Wenas
2. Fastabiqul K. Algatot
3. Paul Capelle
CORPORATE SECRETARY
Merry Anggraini
HEAD OFFICE
Express Building
Jln. Sukarjo Wiryopranoto No. 11
Jakarta - 11160
Phone : (021) 265-07000
Fax
: (021) 265-07008
Homepage
Email
: www.expressgroup.co.id
: investor.relation@expressgroup.co.id
151
Closing Price
Volume
(Mill. Sh)
2,000
480
1,750
420
1,500
360
1,250
300
1,000
240
750
180
500
120
250
60
Nov-12
Feb-13
May-13
Aug-13
Nov-13
-35%
Nov 12
Feb 13
May 13
Aug 13
Nov 13
SHARES TRADED
2012
2,315
1,664
28
37
8,335
10,490
161
244
200
323
9
20
920
570
870
870
1,950
750
1,460
1,460
1,770
1,410
1,760
1,760
23.28
17.53
2.72
24.75
18.40
4.09
29.84
18.52
4.93
Price (Rupiah)
High
Low
Close
Close*
PER (X)
PER Industry (X)
PBV (X)
* Adjusted price after corporate action
152
2013 Jan-14
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Nov-12
Dec-12
High
920
900
Low
570
820
Close
850
870
(X)
22,048
6,388
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
890
880
1,020
1,330
1,620
1,610
1,610
1,790
1,950
1,770
1,660
1,580
750
800
800
990
1,240
1,210
1,270
1,060
1,190
1,500
1,330
1,390
860
830
1,000
1,310
1,540
1,350
1,580
1,410
1,500
1,500
1,570
1,460
6,918
7,811
9,931
13,196
18,301
15,121
10,949
18,186
16,184
17,464
18,534
8,772
550,106
678,819
896,050
1,163,294
1,127,154
817,693
771,180
693,280
542,901
408,967
449,805
235,293
460,312
572,408
805,809
1,368,627
1,492,879
1,120,654
1,115,113
1,029,433
818,004
672,344
679,088
355,814
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
1,770
1,410
1,760
8,744
199,585
323,178
20
19
18
Public Accountant : Osman Bing Satrio & Eny (Member of Deloitte Touche Tohmatsu Limited)
Dec-12
Dec-13
149,732
315,528
Receivables
74,342
143,887
Inventories
11,259
13,518
543,098
596,730
1,162,216
1,393,331
BALANCE SHEET
Dec-09
Dec-10
Dec-11
Assets
Current Assets
Fixed Assets
Other Assets
Total Assets
5,044
3,903
1,782,788
2,137,040
Growth (%)
1,350
900
450
-
373,180
575,015
722,783
764,874
1,095,963
1,339,888
Total Liabilities
1,800
19.87%
Current Liabilities
Liabilities
2,250
2012
2013
22.26%
Growth (%)
540,000
540,000
Paid up Capital
214,560
214,560
2,146
2,146
100
100
Retained Earnings
150,208
261,175
Total Equity
686,825
797,152
797
797
687
635
472
16.06%
Growth (%)
INCOME STATEMENTS
Dec-09
Dec-10
Dec-11
Total Revenues
Dec-12
Dec-13
520,863
686,917
31.88%
Growth (%)
Cost of Revenues
337,327
466,438
Gross Profit
183,536
220,479
76,586
46,525
Expenses (Income)
Operating Profit
309
147
-16
2012
2013
Growth (%)
521
547
106,949
173,954
Tax
-27,588
41,343
79,362
132,611
407
267
67.10%
Growth (%)
126
Period Attributable
79,159
132,423
Comprehensive Income
80,189
131,783
Comprehensive Attributable
79,987
131,596
Dec-12
Dec-13
145.53
103.78
10.00
RATIOS
Current Ratio (%)
Dividend (Rp)
Dec-09
Dec-10
Dec-11
EPS (Rp)
36.89
61.72
BV (Rp)
320.11
371.53
DAR (X)
0.61
0.63
-14
2012
2013
106
79
79
DER(X)
1.60
1.68
ROA (%)
4.45
6.21
ROE (%)
11.55
16.64
GPM (%)
35.24
32.10
OPM (%)
NPM (%)
15.24
19.31
27.10
1.15
Yield (%)
51
24
-3
2012
2013
153
OM
M PP A
AN
N YY RR EE PP O
O RR TT
CC O
TBIG
TOWER BERSAMA INFRASTRUCTURE TBK.
Company Profile
PT Tower Bersama Infrastructure Tbk. (the Company) was established based on the
Notarial deed No. 14 dated 8 November 2004.
The business activities of the Company, among others are to carry on the business of
telecommunications support services including lease and maintenance of Base Transceiver
Station (BTS), consultation service and conducting investment or participation to other
companies. The Company started its business activities in 2004. Currently, the Company's
main activity is investing in subsidiaries
The Company through subsidiaries has direct and indirect shareholding greater than 50% in
the following subsidiaries:
PT Telenet Internusa,
PT United Towerindo and subsidiary,
PT Tower Bersama and subsidiaries,
PT Tower One and subsidiary,
PT Triaka Bersama and subsidiary,
PT Metric Solusi Integrasi and subsidiary,
PT Solusi Menara Indonesia,
TBG Global Pte. Ltd. and subsidiary, and
PT Menara Bersama Terpadu.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or of
the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be by
any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any advice
action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
154
As of 30 January 2014
Main Board
Industry Sector : Infrastructure, Utilities And Transportation (7)
Industry Sub Sector : Non Building Construction (75)
Individual Index
:
Listed Shares
:
Market Capitalization :
306.173
4,796,526,199
29,738,462,433,800
COMPANY HISTORY
Established Date
: 08-Nov-2004
Listing Date
: 26-Oct-2010
Under Writer IPO :
PT UBS Securities Indonesia
PT Indo Premier Securities
Securities Administration Bureau :
PT Datindo Entrycom
Wisma Sudirman - Puri Datindo
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220
Phone : (021) 570-9009
Fax
: (021) 570-9026
BOARD OF COMMISSIONERS
1. Edwin Soeryadjaya
2. Herry Tjahjana *)
3. Mustofa *)
4. Wahyuni Bahar *)
5. Winato Kartono
*) Independent Commissioners
1,451,015,336
1,179,140,806
242,107,700
239,826,310
1,684,436,047
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
2010
2013
2013
Shares
Dividend
25.00
60.00
60.00
Cum Date
10-Jun-11
18-Sep-13
18-Sep-13
Ex Date
13-Jun-11
19-Sep-13
19-Sep-13
Recording
Date
15-Jun-11
23-Sep-13
23-Sep-13
:
:
:
:
:
30.25%
24.58%
5.05%
5.00%
35.12%
Payment
F/I
Date
28-Jun-11 F
03-Oct-13 I
03-Oct-13 I
ISSUED HISTORY
No.
1.
2.
3.
Type of Listing
First Issue
Company Listing
Additional Listing without RI
Shares
551,111,000
4,005,588,889
239,826,310
Listing
Date
26-Oct-10
26-Oct-10
30-Jul-12
Trading
Date
26-Oct-10
26-Oct-10
30-Jul-12
BOARD OF DIRECTORS
1. Herman Setya Budi
2. Budianto Purwahjo
3. Gusandi Sjamsudin
4. Hardi Wijaya Liong
5. Helmi Yusman Santoso
AUDIT COMMITTEE
1. Mustofa
2. Aria Kanaka
3. Ignatius Andi
CORPORATE SECRETARY
Helmy Yusman Santoso
HEAD OFFICE
Gedung Barclays House, Lt. 6
Jln. Jenderal Sudirman Kav. 22 - 23
Jakarta - 12920
Phone : (021) 571-1946, 292-48900
Fax
: (021) 571-2344
Homepage
Email
: www.tower-bersama.com
: helmy@tower-bersama.com
corporate.secretary@tower-bersama.com
155
Closing Price
Volume
(Mill. Sh)
6,800
800
5,950
700
5,100
600
4,250
500
3,400
400
2,550
300
1,700
200
850
100
Oct-10
Oct-11
Oct-12
Oct-13
150%
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Oct-10
Nov-10
Dec-10
High
2,625
3,300
2,800
Low
2,150
2,550
2,450
Close
2,550
2,725
2,500
(X)
9,538
21,360
4,626
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
2,725
2,450
2,475
2,475
2,425
2,450
2,500
2,275
2,300
2,075
2,400
2,400
2,375
2,300
2,175
2,175
2,175
2,150
2,225
1,830
1,810
1,860
2,000
2,150
2,425
2,350
2,225
2,425
2,225
2,375
2,225
2,200
2,000
2,075
2,125
2,375
9,179
4,100
4,010
8,810
3,011
3,502
2,386
3,396
3,506
2,169
2,192
1,611
94,332
36,123
50,779
245,263
484,010
48,712
39,317
29,944
39,860
20,555
26,421
21,057
237,684
85,574
114,563
568,530
1,083,414
111,124
93,454
63,922
84,945
41,196
57,531
48,186
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
2,425
2,625
3,075
3,200
3,200
3,400
4,000
4,200
4,500
5,100
6,150
6,000
2,325
2,350
2,550
2,925
2,900
2,975
3,250
3,700
3,800
4,375
4,975
5,250
2,400
2,600
2,950
3,050
3,200
3,275
3,925
3,875
4,450
5,000
6,000
5,700
1,737
3,580
6,803
4,439
5,069
5,533
4,930
5,661
4,660
5,902
5,911
6,240
39,087
166,531
785,692
143,343
155,205
124,903
141,729
133,336
116,837
88,890
416,777
297,474
92,982
420,776
2,271,438
437,376
472,268
401,083
505,148
522,447
476,198
417,510
2,362,432
1,705,845
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
6,350
5,950
6,150
6,200
6,200
6,000
5,800
6,650
6,100
6,000
6,500
6,250
5,350
5,200
5,550
5,450
5,350
4,450
4,900
5,100
5,200
5,350
5,600
5,300
5,900
5,600
6,050
5,650
6,000
5,200
5,700
5,200
5,850
5,700
6,000
5,800
8,721
10,457
7,436
6,920
8,781
17,149
9,548
13,449
15,926
24,056
20,908
9,086
83,157
142,992
144,157
130,555
100,319
172,755
118,866
168,488
78,464
134,815
231,330
547,707
485,791
791,870
817,677
746,627
561,365
861,019
621,488
1,003,989
440,692
759,917
1,417,115
3,275,237
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
6,500
5,450
6,200
15,844
78,490
481,002
20
4
21
20
125%
100%
75%
50%
25%
20.9%
15.7%
-25%
Oct 10
Oct 11
Oct 12
Oct 13
SHARES TRADED
2010
2011
2012
1,467
3,485
36
45
1,136
2,590
48
247
2,610
10,086
60
246
2,054
11,783
152
244
78
481
16
20
Price (Rupiah)
High
Low
Close
Close*
3,300
2,150
2,500
2,500
2,725
1,810
2,375
2,375
6,150
2,325
5,700
5,700
6,650
4,450
5,800
5,800
6,500
5,450
6,200
6,200
21.89
11.09
4.00
33.28
17.53
6.44
25.29
18.40
6.90
27.04
18.52
7.38
34.87
PER (X)
14.36
PER Industry (X)
5.31
PBV (X)
* Adjusted price after corporate action
156
2013 Jan-14
Public Accountant : Tanubrata Sutanto Fahmi & Rekan (Member of BDO International Limited)
Dec-10
Dec-11
Dec-12
Dec-13
1,047,454
499,552
507,253
647,186
Receivables
144,144
159,200
166,615
637,105
Inventories
47,321
33,545
228,771
328,078
1,543,036
1,186,268
2,301,229
2,598,596
202,280
383,713
87,100
219,516
5,246
4,699
4,151
BALANCE SHEET
Dec-09
Assets
Current Assets
Fixed Assets
Other Assets
5,176,442
Total Assets
Growth (%)
11,250
7,500
108.10%
30.74%
3,750
2,182,014
3,930,922
459,148
869,746
2,398,767
3,305,251
Total Liabilities
2,857,915
2010
7,890,076 10,674,250
46.09%
141.25%
45.01%
1,442,012
1,442,012
1,442,012
1,442,012
455,670
455,670
479,653
479,653
4,557
4,557
4,797
4,797
100
100
100
100
493,059
859,972
1,701,907
2,662,109
Growth (%)
15,000
32.91%
Current Liabilities
Liabilities
18,750
2011
2012
2013
2,144,324
Growth (%)
INCOME STATEMENTS
Dec-09
Total Revenues
Gross Profit
Expenses (Income)
Operating Profit
4,245,393
4,114,039
26.16%
56.93%
-3.09%
Dec-10
Dec-11
Dec-12
Dec-13
671,360
970,026
1,715,421
2,690,500
44.49%
76.84%
56.84%
Growth (%)
Cost of Revenues
2,705,209
98,196
143,262
263,837
395,796
573,164
826,764
1,451,584
2,294,704
86,877
119,278
171,195
242,434
486,287
707,486
1,280,389
2,052,270
45.49%
80.98%
60.28%
-126,990
-194,538
-367,141
-874,894
359,297
512,948
913,248
1,177,376
4,114
2012
2013
3,379
2,705
2,513
Total Equity
4,245
4,245
2,144
1,647
781
-85
2010
2011
Growth (%)
2,142
19,919
20,600
-14,167
-174,148
339,378
492,348
927,415
1,351,524
45.07%
88.37%
45.73%
Growth (%)
1,715
1,593
970
1,044
671
495
Period Attributable
326,729
474,358
841,935
1,247,994
Comprehensive Income
351,962
494,491
821,596
935,985
Comprehensive Attributable
339,378
476,411
745,869
858,498
Dec-10
Dec-11
Dec-12
Dec-13
336.07
136.39
105.46
66.11
25.00
120.00
EPS (Rp)
71.70
104.10
175.53
260.19
BV (Rp)
470.59
593.68
885.10
857.71
DAR (X)
0.55
0.61
0.70
0.78
DER(X)
1.33
1.54
2.37
3.55
RATIOS
Current Ratio (%)
Dividend (Rp)
Dec-09
-54
2010
2011
2012
2013
927
1,076
800
ROA (%)
6.56
7.16
6.48
7.22
ROE (%)
15.83
18.20
21.85
32.85
GPM (%)
85.37
85.23
84.62
85.29
OPM (%)
72.43
72.93
74.64
76.28
NPM (%)
50.55
50.76
54.06
50.23
34.87
46.12
1.00
2.07
Yield (%)
492
524
339
249
-27
2010
2011
2012
2013
157
COMPANY REPORT
TLKM
TELEKOMUNIKASI INDONESIA
(PERSERO) TBK.
Company Profile
PT Telekomunikasi Indonesia (Persero) Tbk. (Telkom) is the principal provider of local,
domestic and international telecommunications services in Indonesia, as well as the
leading provider of mobile cellular services through our majority-owned subsidiary,
Telkomsel. Telkom also provides services in information, media and edutainment, including
cloud-based and server-based managed services, e-Payment and IT enabler services, PayTV, as well as e-Commerce and other portal services. Our objective is to become a leading
TIMES player in the region.
Telkom growth strategy is broadly based on the principle of 'first thing first' and focused on
future anticipated growth areas. This strategy is implemented by allocating our resources
primarily for investments in human capital, in increasing our cellular business, in expanding
our broadband penetration in Indonesia, and international expansion.
Telkom also provides a wide range of other communication services, including telephone
network interconnection services, multimedia, data and internet communication-related
services, satellite transponder leasing, leased line, intelligent network and related services,
cable television, and VoIP services.
The Company and its Subsidiaries (the Group) had approximately 25,011 employees as of
December 31st, 2013.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
158
As of 30 January 2014
Main Board
Industry Sector : Infrastructure, Utilities And Transportation (7)
Industry Sub Sector : Telecommunication (73)
1,195.575
Individual Index
:
Listed Shares
:
100,799,996,400
Market Capitalization : 229,319,991,810,000
COMPANY HISTORY
Established Date
: 24-Sep-1991
Listing Date
: 14-Nov-1995
Under Writer IPO :
PT Bahana Securities
PT Danareksa Sekuritas
PT Makindo
Securities Administration Bureau :
PT Datindo Entrycom
Wisma Sudirman - Puri Datindo
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220
Phone : (021) 570-9009
Fax
: (021) 570-9026
BOARD OF COMMISSIONERS
1. Jusman Syafii Djamal
2. Imam Apriyanto
3. Hadiyanto
4. Johnny Swandi Sjam *)
5. Parikesit Suprapto
6. Virano Gazi Nasution *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Arief Yahya
2. Honesti Basyir
3. Indra Utoyo
4. Muhamad Awaluddin
5. Priyantono Rudito
6. Ririek Adriansyah
7. Rizkan Chandra
8. Sukardi Silalahi
AUDIT COMMITTEE
1. Johnny Swandi Sjam
2. Agus Yulianto
3. Parikesit Suprapto
4. Sahat Pardede
5. Virano Gazi Nasution
CORPORATE SECRETARY
Honesti Basyir
HEAD OFFICE
Graha Citra Caraka 5th Fl.
Jln. Gatot Subroto No. 52
Jakarta
Phone : (021) 521-5109
Fax
: (021) 522-0500
Homepage
Email
51,602,353,560 :
49,197,642,840 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
1995
1996
1997
1997
1998
1999
1998
1999
1999
2000
2000
2001
2002
2003
2004
2005
2005
2006
2006
2007
2007
2007
2008
2009
2009
2010
2010
2011
2012
Shares
Dividend
24.48
41.25
32.75
15.75
35.69
50 : 4
15.30
53.88
53.88
44.08
44.08
210.82
331.16
301.95
7.11
144.90
218.86
48.45
254.76
48.45
309.42
97.73
296.94
26.65
261.41
26.75
295.84
371.05
436.10
Cum Date
07-Jun-96
13-May-97
22-May-98
23-Nov-98
24-May-99
24-Jun-99
24-May-99
26-Apr-00
09-Oct-00
31-May-01
10-Oct-01
24-Jul-02
03-Jun-03
23-Aug-04
23-Dec-04
15-Jul-05
21-Jul-06
21-Dec-06
20-Jul-07
29-Nov-07
11-Jul-08
09-Oct-08
07-Jul-09
09-Dec-09
07-Jul-10
22-Dec-10
13-Jun-11
05-Jun-12
29-May-13
Ex Date
10-Jun-96
14-May-97
25-May-98
24-Nov-98
25-May-99
25-Jun-99
25-May-99
27-Apr-00
10-Oct-00
01-Jun-01
11-Oct-01
25-Jul-02
04-Jun-03
24-Aug-04
27-Dec-04
18-Jul-05
24-Jul-06
22-Dec-06
23-Jul-07
30-Nov-07
14-Jul-08
10-Oct-08
08-Jul-09
10-Dec-09
08-Jul-10
23-Dec-10
14-Jun-11
06-Jun-12
30-May-13
Recording
Date
18-Jun-96
23-May-97
02-Jun-98
02-Dec-98
02-Jun-99
05-Jul-99
02-Jun-99
05-May-00
18-Oct-00
07-Jun-01
17-Oct-01
30-Jul-02
06-Jun-03
26-Aug-04
29-Dec-04
20-Jul-05
26-Jul-06
27-Dec-06
25-Jul-07
04-Dec-07
16-Jul-08
14-Oct-08
10-Jul-09
14-Dec-09
12-Jul-10
28-Dec-10
16-Jun-11
08-Jun-12
03-Jun-13
51.19%
48.81%
Payment
Date
17-Jul-96
20-Jun-97
01-Jul-98
30-Dec-98
01-Jul-99
02-Aug-99
30-Dec-99
22-May-00
01-Nov-00
21-Jun-01
31-Oct-01
12-Aug-02
12-Jun-03
07-Sep-04
06-Jan-05
03-Aug-05
09-Aug-06
02-Jan-07
08-Aug-07
18-Dec-07
31-Jul-08
28-Oct-08
27-Jul-09
29-Dec-09
26-Jul-10
11-Jan-11
01-Jul-11
22-Jun-12
18-Jun-13
F/I
F
F
F
F
F
F
F
F
I
F
F
F
F
I
F
I
F
I
F
F
F
I
F
I
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
Type of Listing
Negara RI (Seri A)
Negara RI (Seri B) (C/ L)
First Issue
First Issue (LN)
First Issue (divesment)
Bonus Shares
Stock Split
Stock Split
Shares
1
7,466,665,999
933,333,000
700,000,000
233,334,000
746,666,640
10,079,999,640
86,247,402,484
Listing
Date
14-Nov-95
14-Nov-95
14-Nov-95
14-Nov-95
14-Nov-95
03-Aug-99
28-Sep-04
28-Aug-13
Trading
Date
14-Nov-95
14-Nov-95
14-Nov-95
03-Aug-99
28-Sep-04
28-Aug-13
: www.telkom.co.id
: honesti@telkom.co.id
159
2,600
480
2,275
420
1,950
360
1,625
300
1,300
240
975
180
650
120
325
60
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
19.1%
-20%
-40%
Jan 10
Jan 11
SHARES TRADED
Volume (Million Sh.)
Value (Billion Rp)
Frequency (Thou. X)
Days
Price (Rupiah)
High
Low
Close
Close*
Jan 12
Jan 14
2010
2011
2012
6,841
56,889
423
245
5,635
41,534
348
247
5,788
48,078
318
246
15,741
77,223
706
244
2,047
4,478
74
20
9,800
6,950
7,950
1,590
8,050
6,600
7,050
1,410
9,950
6,650
9,050
1,810
12,900
1,950
2,150
2,150
2,275
2,060
2,275
2,275
9.18
11.09
2.33
9.92
17.53
2.72
14.70
18.40
2.98
15.55
18.52
3.15
13.89
PER (X)
14.36
PER Industry (X)
3.61
PBV (X)
* Adjusted price after corporate action
160
Jan 13
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
Closing
Price*
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
9,700
9,450
8,800
8,350
8,050
8,100
8,450
9,000
9,450
9,800
9,150
8,300
Low
9,200
8,200
7,950
7,500
6,950
7,450
7,600
8,000
8,600
8,850
7,750
7,650
Close
9,350
8,300
8,050
7,850
7,750
7,700
8,450
8,650
9,200
9,100
7,950
7,950
(X)
20,466
21,760
48,566
48,650
35,324
26,651
32,139
26,178
21,676
32,013
77,869
31,995
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
8,050
7,850
7,550
7,850
7,800
7,750
7,400
7,900
7,900
7,750
7,650
7,500
7,100
7,350
6,600
6,950
7,400
6,800
6,900
7,000
6,900
7,000
7,150
6,900
7,550
7,450
7,350
7,700
7,700
7,350
7,350
7,250
7,600
7,400
7,350
7,050
43,651
18,451
45,513
32,395
17,375
29,350
21,068
32,676
32,016
33,231
20,061
21,893
640,069
582,326
671,840
410,474
321,219
376,497
388,155
595,530
510,065
560,071
265,993
312,305
4,825,430
4,376,284
4,780,703
3,028,509
2,442,955
2,756,735
2,783,117
4,422,141
3,802,903
4,100,951
1,978,916
2,234,952
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
7,150
7,100
7,150
8,700
8,500
8,250
9,300
9,850
9,750
9,950
9,900
9,350
6,800
6,650
6,700
7,050
7,000
7,250
7,950
8,750
9,150
9,300
8,950
8,650
6,850
7,050
7,000
8,500
7,800
8,150
9,100
9,300
9,450
9,750
9,000
9,050
26,490
23,979
23,842
25,908
29,209
26,128
27,541
28,777
25,722
22,276
25,831
32,515
422,690
479,535
362,222
657,218
662,037
418,912
473,400
440,719
367,817
560,211
426,698
516,125
2,940,995
3,300,302
2,513,536
5,090,323
5,266,928
3,261,173
4,128,298
4,056,309
3,476,829
5,407,450
3,999,309
4,636,997
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
9,800
10,950
11,150
12,500
12,900
11,700
12,200
12,200
2,450
2,375
2,350
2,200
8,800
9,550
10,250
10,400
11,050
9,500
10,500
1,980
1,950
2,100
2,025
1,980
9,700
10,750
11,000
11,700
11,050
11,250
11,900
2,200
2,100
2,350
2,175
2,150
36,521
33,202
48,503
47,977
53,417
69,132
62,831
55,347
88,615
73,248
71,880
65,021
503,515 4,706,492
490,700 4,847,559
431,788 4,644,566
628,400 7,176,984
600,206 7,142,391
840,094 8,855,033
1,036,661 11,830,601
800,356 5,440,892
3,130,995 6,767,447
2,393,760 5,401,091
2,327,085 5,106,312
2,557,552 5,303,635
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
2,275
2,060
2,275
73,661
2,046,978
20
4,477,865
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Purwantono, Suherman & Surja (Member of Ernst & Young Global Limited)
Dec-09
Dec-10
7,085,460
9,119,849
Receivables
3,917,709
4,433,849
5,250,000
5,409,000
6,421,000
Inventories
435,244
515,536
758,000
579,000
509,000
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Assets
Current Assets
Fixed Assets
Other Assets
Total Assets
2,234,288 81,027,820
12,000
2.25%
55,000
Current Liabilities
Total Liabilities
-9.01%
-2.93%
8.07%
82,500
27,500
Growth (%)
3.30%
110,000
14.89%
Growth (%)
5.51%
Liabilities
137,500
2009
2010
2011
2012
2013
13.82%
TOTAL EQUITY (Bill. Rp)
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
5,040,000
5,040,000
5,040,000
5,040,000
20,160
20,160
20,160
20,160
100,800
250
250
250
250
50
Retained Earnings
Total Equity
77,424
77,424
66,978
60,981
61,630
44,419
45,835
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-09
13.92%
37.29%
9.83%
15.60%
Dec-10
Dec-11
Dec-12
Dec-13
38,990
30,041
14,246
6.24%
Growth (%)
4.79%
7.27%
7.55%
Cost of Revenues
Gross Profit
Expenses (Income)
Operating Profit
-1,548
2009
2010
2011
-2.41%
17.09%
2013
82,967
82,967
-0.50%
Growth (%)
2012
8.36%
64,597
68,629
71,918
77,143
66,042
-253,853
-1,074,769
-1,091,000
-1,470,000
-697,000
5,546,039
5,387,000
-5,866,000
-0.66%
Growth (%)
-2.52%
18.69%
49,116
6,859,000
32,191
10.50%
15,266
Period Attributable
Comprehensive Income
Comprehensive Attributable
RATIOS
Current Ratio (%)
Dividend (Rp)
2009
2010
2011
2012
2013
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
60.58
91.49
95.80
116.04
116.31
288.06
322.59
371.05
436.10
792.47
572.27
543.90
637.40
140.92
BV (Rp)
1,934.02
2,203.31
3,024.85
3,322.32
768.10
DAR (X)
0.49
0.43
0.41
0.40
0.39
DER(X)
1.22
0.98
0.69
0.66
0.65
ROA (%)
16.38
15.91
15.01
16.49
15.86
ROE (%)
40.98
35.73
25.37
27.41
26.21
GPM (%)
34.99
32.77
30.52
33.31
33.56
OPM (%)
34.99
32.77
30.52
33.31
33.56
NPM (%)
24.73
23.12
21.51
23.80
24.46
36.35
56.37
68.22
68.42
3.05
4.06
5.26
4.82
EPS (Rp)
-1,659
20,290
15,976
15,870
15,470
2009
2010
2011
16,151
12,012
Yield (%)
7,873
3,733
-406
2012
2013
161
COMPANY REPORT
UNTR
UNITED TRACTORS TBK.
Company Profile
PT United Tractors Tbk. (the Company) was established on October 13th, 1972, as heavy
equipment distributor in Indonesia. The Company commenced commercial operations in
1973.
The Company is the leading and the largest distributor of heavy equipments in the
Indonesia, providing products from world-renowned brands such as Komatsu, UD Trucks,
Scania, Bomag, Tadano, and Komatsu Forest.
The Company, through its majority shareholder, PT Astra International Tbk., is part of
Jardine Matheson Holdings Ltd. The Company is domiciled in Jakarta with 18 branches, 22
site offices and 12 representative offices throughout Indonesia. The head office is located
at Jln. Raya Bekasi Km. 22, Cakung, Jakarta.
The company has direct ownership in domestic and foreign subsidiaries:
PT Pamapersada Nusantara,
PT Tuah Turangga Agung,
PT United Tractors Pandu Engineering,
UT Heavy Industry(S) Pte. Ltd.,
PT Andalan Multi Kencana,
PT Bina Pertiwi, and
PT Universal Tekno Reksajaya.
As of December 31st, 2013, the Group had approximately 20,070 employees.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the
publisher or of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the
publication it should not be by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or
otherwise responsible in anyway for any advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
162
As of 30 January 2014
Main Board
Industry Sector : Trade, Services & Investment (9)
Industry Sub Sector : Wholesale (Durable & Non-Durable Goods) (91)
Individual Index
:
Listed Shares
:
Market Capitalization :
22,974.276
3,730,135,136
71,991,608,124,800
COMPANY HISTORY
Established Date
: 13-Oct-1972
Listing Date
: 19-Sep-1989
Under Writer IPO :
PT Aseam Indonesia
PT (Persero) Danareksa
PT Finconesia
Securities Administration Bureau :
PT Raya Saham Registra
Plaza Central Building 2nd Fl.
Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930
HEAD OFFICE
Jln. Raya Bekasi Km. 22
Jakarta - 13910
Phone : (021) 460-5959 - 79
Fax
: (021) 460-0655, 460-0677
ISSUED HISTORY
BOARD OF COMMISSIONERS
1. Prijono Sugiarto
2. Anugerah Pekerti *)
3. David Alexander Newbigging
4. Simon Collier Dixon
5. Soegito *)
6. Stephen Z. Satyahadi *)
7. Sudiarso Prasetio
*) Independent Commissioners
BOARD OF DIRECTORS
1. Djoko Pranoto
2. Edhie Sarwono
3. Gidion Hasan
4. Iman Nurwahyu
5. Loudly Irwanto Ellias
AUDIT COMMITTEE
1. Stephen Z. Satyahadi
2. Lindawati Gani
3. Wiltarsa Halim
CORPORATE SECRETARY
Sara K. Loebis
Homepage
Email
: www.unitedtractors.com
: sarakl@unitedtractors.com
ir@unitedtractors.com
No.
1.
2.
3.
4.
5.
6.
7.
8.
Shares
Dividend
100.00
165.00
175.00
185.00
175.00
175.00
70.00
160.00
100.00
Year
1989
1990
1990
1990
1991
1991
1992
1992
1993
1994
1993
1994
1994
1995
1995
1996
1996
2000
2004
2005
2005
2006
2006
2007
2007
2008
2008
2009
2010
2010
2011
2011
2012
2012
2013
2,219,317,358 :
1,510,817,778 :
1:3
50.00
40.00
70.00
45.00
85.00
60.00
100.00
5:9
20.00
35.00
110.00
45.00
85.00
60.00
150.00
100.00
220.00
330.00
160.00
430.00
185.00
635.00
210.00
620.00
175.00
Type of Listing
First Issue
Partial Listing
Right Issue
Company Listing
Bonus Shares
Stock Split
ESOP Conversion
ESOP Conversion II
Cum Date
05-Jan-90
08-Jun-90
20-Nov-90
06-Jun-91
20-Nov-91
12-Jun-92
11-Nov-92
16-Jun-93
11-Nov-93
23-Feb-94
15-Jun-94
11-Nov-94
22-Jun-95
22-Nov-95
20-Jun-96
21-Nov-96
26-Jun-97
08-Jun-00
30-Nov-04
23-Jun-05
12-Jun-06
13-Oct-06
20-Jun-07
10-Oct-07
10-Jun-08
23-Oct-08
11-Jun-09
14-Jun-10
27-Oct-10
31-May-11
27-Oct-11
11-May-12
16-Oct-12
14-May-13
02-Oct-13
Recording
Date
11-Jan-90
15-Jun-90
28-Nov-90
14-Jun-91
28-Nov-91
22-Jun-92
19-Nov-92
25-Jun-93
19-Nov-93
03-Mar-94
23-Jun-94
23-Nov-94
03-Jul-95
01-Dec-95
01-Jul-96
02-Dec-96
07-Jul-97
14-Jun-00
03-Dec-04
27-Jun-05
15-Jun-06
18-Oct-06
25-Jun-07
18-Oct-07
13-Jun-08
28-Oct-08
16-Jun-09
17-Jun-10
01-Nov-10
06-Jun-11
01-Nov-11
16-May-12
19-Oct-12
17-May-13
07-Oct-13
Ex Date
06-Jan-90
11-Jun-90
21-Nov-90
07-Jun-91
21-Nov-91
15-Jun-92
12-Nov-92
17-Jun-93
12-Nov-93
24-Feb-94
16-Jun-94
16-Nov-94
23-Jun-95
23-Nov-95
21-Jun-96
22-Nov-96
27-Jun-97
09-Jun-00
01-Dec-04
22-Jun-05
13-Jun-06
16-Oct-06
21-Jun-07
11-Oct-07
11-Jun-08
24-Oct-08
12-Jun-09
15-Jun-10
28-Oct-10
01-Jun-11
28-Oct-11
14-May-12
17-Oct-12
15-May-13
03-Oct-13
Shares
2,700,000
8,436,000
2,151,579,636
11,864,000
351,900,000
1,159,200,000
1,201,500
43,254,000
T:
T:
T:
T:
T:
T:
59.50%
40.50%
Payment
Date
31-Jan-90
29-Jun-90
12-Dec-90
28-Jun-91
12-Dec-91
22-Jul-92
15-Dec-92
23-Jul-93
15-Dec-93
01-Apr-94
23-Jul-94
15-Dec-94
31-Jul-95
29-Dec-95
31-Jul-96
27-Dec-96
28-Jul-97
23-Jun-00
17-Dec-04
11-Jul-05
29-Jun-06
03-Nov-06
08-Jul-07
01-Nov-07
27-Jun-08
11-Nov-08
26-Jun-09
01-Jul-10
12-Nov-10
13-Jun-11
11-Nov-11
30-May-12
02-Nov-12
31-May-13
23-Oct-13
Listing
Date
19-Sep-89
26-Dec-89
27-May-91
25-Mar-92
04-Apr-94
05-Sep-00
27-May-03
11-Jun-03
:
:
:
:
:
:
F/I
I
I
F
I
F
I
F
I
F
I
F
I
F
I
F
I
F
I
F
I
F
I
F
F
I
F
I
F
I
F
I
Trading
Date
19-Sep-89
27-Feb-91
06-Jun-11
01-Apr-92
26-Jun-00
05-Sep-00
12-Jun-03
14-Jul-05
163
Volume
(Mill. Sh)
34,000
40.0
29,750
35.0
25,500
30.0
21,250
25.0
17,000
20.0
12,750
15.0
8,500
10.0
4,250
5.0
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
175%
140%
105%
70%
71.6%
35%
27.9%
-35%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
2010
2011
2012
1,235
23,438
237
245
1,394
32,339
338
247
1,711
39,788
446
246
1,120
20,486
330
244
61
1,185
45
20
Price (Rupiah)
High
Low
Close
Close*
26,100
14,950
23,800
22,882
27,750
18,700
26,350
26,350
33,400
16,600
19,700
19,700
22,000
13,650
19,000
19,000
21,200
18,500
19,300
19,300
16.76
16.89
3.57
12.54
19.08
2.27
15.73
15.43
2.09
15.98
17.12
2.13
SHARES TRADED
20.44
PER (X)
21.27
PER Industry (X)
4.91
PBV (X)
* Adjusted price after corporate action
164
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
18,850
17,400
19,050
20,100
19,600
19,700
20,300
20,200
20,850
22,250
26,100
24,650
Low
15,500
14,950
16,700
18,250
15,650
17,100
18,000
18,250
18,400
20,200
21,600
22,200
Close
16,850
17,150
18,350
19,500
18,350
18,750
20,150
18,400
20,450
22,200
23,000
23,800
(X)
25,109
21,752
20,634
17,980
29,283
19,858
14,949
19,188
19,053
16,905
17,125
15,030
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
26,600
23,600
24,550
23,500
24,550
25,000
27,750
27,650
25,300
25,750
26,950
26,500
19,800
21,300
19,900
21,300
21,550
22,500
24,350
22,000
18,700
18,950
23,000
23,900
21,350
23,200
21,700
23,250
23,000
24,900
27,300
23,600
22,000
24,600
23,350
26,350
35,213
20,039
38,544
22,269
22,746
17,639
22,369
29,111
42,163
32,974
30,291
24,597
184,338
86,752
156,803
94,830
107,066
107,180
107,048
116,704
133,920
114,092
106,637
78,359
4,118,210
1,962,451
3,481,506
2,115,683
2,428,895
2,491,370
2,717,984
2,870,942
2,952,558
2,584,136
2,656,512
1,958,313
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
29,550
30,200
33,000
33,400
30,400
25,250
24,100
22,450
23,100
21,350
21,300
20,000
25,950
26,550
28,800
29,500
22,600
21,050
20,600
19,850
19,050
19,350
16,600
16,650
28,350
29,000
33,000
29,600
23,100
21,350
21,000
20,050
20,700
21,100
17,050
19,700
26,564
31,229
25,920
28,884
45,171
52,967
52,875
34,436
44,887
39,891
33,628
29,893
106,698
109,199
83,932
84,467
147,630
227,318
214,943
156,431
164,019
174,476
128,388
113,609
2,974,251
3,126,712
2,549,628
2,621,880
3,890,521
5,067,510
4,706,426
3,347,510
3,434,137
3,520,933
2,458,214
2,090,278
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
22,000
20,250
20,650
19,400
18,200
18,200
18,200
19,000
18,300
18,900
20,900
19,550
19,250
18,800
17,150
17,700
16,200
15,500
16,000
13,650
15,500
16,400
17,200
17,900
19,750
19,300
18,200
17,750
16,300
18,200
16,800
15,800
16,300
17,500
18,250
19,000
37,566
28,991
32,376
24,930
28,432
41,315
24,018
23,353
25,190
20,649
25,361
17,545
137,029
103,417
126,007
101,694
106,717
128,783
65,178
72,694
89,382
52,815
87,744
48,524
2,832,813
1,998,532
2,424,466
1,879,304
1,837,046
2,184,264
1,091,719
1,173,353
1,498,912
949,367
1,709,298
906,953
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
45,472
60,972
1,184,893
20
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Tanudiredja, Wibisana & Rekan (Member of PricewaterhouseCoopers Global Network)
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
2,769,187
1,343,220
7,135,386
3,995,265
7,935,870
Receivables
4,549,566
5,349,688
9,969,714
9,894,656 11,814,937
Inventories
3,966,358
6,931,631
7,129,459
7,173,704
BALANCE SHEET
Assets
6,176,470
Current Assets
Fixed Assets
Other Assets
Total Assets
21.70%
Growth (%)
56.36%
8.31%
Total Liabilities
25,000
7,225,966
3,227,782
6,672,912
37,500
12,500
4,006,045
50,000
14.04%
Current Liabilities
Liabilities
62,500
2009
7,152,682
2010
2011
2012
2013
29.48%
39.90%
-4.94%
20.63%
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
831,719
831,719
932,534
932,534
932,534
3,327
3,327
3,730
3,730
3,730
250
250
250
250
250
Growth (%)
35,649
32,301
35,649
27,504
28,377
Total Equity
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-09
70.45%
17.44%
10.37%
Dec-10
Dec-11
Dec-12
Dec-13
13,844
16,136
13,832
6,559
27.64%
Growth (%)
Cost of Revenues
16.56%
47.50%
1.64%
-8.83%
-713
2009
2010
2011
2012
2013
Gross Profit
6,671,059
9,516,818
Expenses (Income)
1,404,587
1,633,177
2,408,944
3,074,244
2,929,481
Operating Profit
5,266,472
5,162,521
55,954
51,012
55,954
-1.97%
Growth (%)
44,539
168,662
-123,852
5,444,238
5,061,260
7,784,577
7,446,755
6,587,337
Tax
1,594,543
1,186,745
1,885,071
1,693,413
1,788,559
3,849,695
3,874,515
5,899,506
5,753,342
4,798,778
0.64%
52.26%
-2.48%
-16.59%
Growth (%)
37,324
33,125
29,242
21,710
10,296
Period Attributable
3,849,695
3,872,931
5,900,908
5,779,675
4,833,699
Comprehensive Income
3,817,541
3,924,382
5,863,471
5,860,188
6,254,474
3,922,798
5,858,137
5,777,296
6,065,925
Comprehensive Attributable
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
165.64
156.59
171.64
194.65
191.02
Dividend (Rp)
330.00
590.00
820.00
830.00
175.00
EPS (Rp)
1,157.15
1,164.13
1,581.96
1,549.45
1,295.85
BV (Rp)
4,161.17
4,850.30
7,373.45
8,659.35
9,557.00
DAR (X)
0.43
0.46
0.41
0.36
0.38
RATIOS
-1,119
2009
2010
2011
2012
2013
5,753
5,900
4,799
4,696
3,850
3,875
2009
2010
3,493
0.76
0.84
0.69
0.56
0.61
ROA (%)
15.77
13.05
12.70
11.44
8.37
ROE (%)
27.81
24.01
21.45
17.81
13.46
GPM (%)
22.81
18.21
18.52
18.80
18.66
OPM (%)
18.01
13.83
NPM (%)
13.17
10.38
10.72
10.28
9.41
28.52
50.68
51.83
53.57
13.50
2.13
2.48
3.11
4.21
0.92
DER(X)
Yield (%)
2,289
1,086
-118
2011
2012
2013
165
C
CO
OM
MP
PA
AN
NY
Y R
RE
EP
PO
OR
RT
T
UNVR
UNILEVER INDONESIA TBK.
Company Profile
PTUnileverIndonesiaTbk.wasestablishedonDecember5th,1933.UnileverIndonesiahas
growntobealeadingcompanyofHomeandPersonalCareaswellasFoodsandIceCream
productsinIndonesia.
Unilever Indonesias portfolio includes many of the worlds best known and wellloved
brands,suchas:
Pepsodent,
Ponds,
Lux,
Lifebuoy,
Dove,
Sunsilk,
Clear,
Rexona,
Vaseline,
Rinso,
Molto,
Sunlight,
Walls,
BlueBand,
Royco,
Bangoandmanymore.
TheCompanysfactoriesarelocatedatJln.Jababeka9BlokD,Jln.JababekaRayaBlokO,
Jln. Jababeka V Blok V No. 1416, Jababeka Industrial Estate Cikarang, Bekasi, West Java,
andJln.RungkutIndustriIVNo.511,RungkutIndustrialEstate,Surabaya.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
166
As of 30 January 2014
Main Board
Industry Sector : Consumer Goods Industry (5)
Industry Sub Sector : Cosmetics And Household (54)
146,162.904
Individual Index
:
Listed Shares
:
7,630,000,000
Market Capitalization : 217,836,500,000,000
COMPANY HISTORY
Established Date
: 05-Dec-1933
Listing Date
: 11-Jan-1982
Under Writer IPO :
PT Aseam Indonesia
PT Danareksa
PT Merchant Investment Corporation
Securities Administration Bureau :
PT Sharestar Indonesia
Beritasatu Plasa 7th Fl.
Jln. Jend. Gatot Subroto Kav. 35 - 36 Jakarta 12950
Phone : (021) 527-7966
Fax
: (021) 527-7967
BOARD OF COMMISSIONERS
1. Peter Frank ter Kulve
2. Bambang Subianto *)
3. Cyrillus Harinowo *)
4. Erry Firmansyah *)
5. Hikmahanto Juwana *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Maurits Daniel Rudolf Lalisang
2. Ainul Yaqin
3. Debora Herawati Sadrach
4. Enny Hartati
5. Tevilyan Yudhistira Rusli
6. Hadrianus Setiawan
7. Ira Noviarti
8. Ramakrishnan Raghuraman
9. Sancoyo Antarikso
10. Vishal Gupta
AUDIT COMMITTEE
1. Cyrillus Harinowo
2. Benny Redjo Setyono
3. Tjan Hong Tjhiang
CORPORATE SECRETARY
Sancoyo Antarikso
HEAD OFFICE
Graha Unilever
Jln. Jend. Gatot Subroto Kav. 15
Jakarta - 12930
Phone : (021) 526-2112
Fax
: (021) 526-4020
Homepage
Email
: www.unilever.com; www.unilever.co.id
: unvr.indonesia@unilever.com
6,484,877,500 :
1,145,122,500 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
1989
1990
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2002
2003
2003
2004
2004
2005
2005
2005
2006
2006
2007
2007
2008
2008
2009
2009
2010
2010
2011
2011
2012
2012
2013
Shares
6:1
Dividend
600.00
470.00
780.00
810.00
860.00
920.00
1,010.00
1,110.00
1,320.00
25,000.00
690.00
1,150.00
400.00
500.00
50.00
80.00
70.00
60.00
80.00
60.00
120.00
80.00
125.00
90.00
167.00
95.00
220.00
100.00
299.00
100.00
344.00
250.00
296.00
300.00
334.00
330.00
Cum Date
from
11-Feb-03
16-Jul-03
17-Feb-04
15-Jul-04
02-Dec-04
04-Mar-05
08-Jul-05
05-Dec-05
22-Jun-06
29-Nov-06
22-Jun-07
28-Nov-07
26-Jun-08
26-Nov-08
26-Jun-09
25-Nov-09
28-Jun-10
26-Nov-10
27-Jun-11
06-Dec-11
27-Jun-12
10-Dec-12
28-Jun-13
02-Dec-13
Ex Date
27-Oct-89
27-Feb-91
20-Feb-92
21-Oct-93
03-Nov-94
06-Nov-95
04-Nov-96
03-Nov-97
18-Nov-98
03-Nov-99
28-Nov-00
19-Nov-01
13-Feb-03
17-Jul-03
18-Feb-04
16-Jul-04
03-Dec-04
07-Mar-05
11-Jul-05
06-Dec-05
23-Jun-06
30-Nov-06
25-Jun-07
29-Nov-07
27-Jun-08
27-Nov-08
29-Jun-06
26-Nov-09
29-Jun-10
29-Nov-10
28-Jun-11
07-Dec-11
28-Jun-12
11-Dec-12
01-Jul-13
03-Dec-13
Recording
Date
until
17-Feb-03
21-Jul-03
20-Feb-04
20-Jul-04
06-Dec-04
09-Mar-05
13-Jul-05
08-Dec-05
27-Jun-06
04-Dec-06
27-Jun-07
03-Dec-07
01-Jul-08
01-Dec-08
01-Jul-09
01-Dec-09
01-Jul-10
01-Dec-10
01-Jul-11
09-Dec-11
02-Jul-12
13-Dec-12
03-Jul-13
05-Dec-13
84.99%
15.01%
Payment
Date
26-Jun-90
04-Jul-91
20-Aug-93
29-Jul-94
28-Jul-95
26-Jul-96
27-Aug-97
07-Aug-98
27-Jul-99
20-Jul-00
01-Aug-01
22-Nov-02
04-Mar-03
04-Aug-03
05-Mar-04
03-Aug-04
17-Dec-04
24-Mar-05
27-Jul-05
21-Dec-05
11-Jul-06
18-Dec-06
11-Jul-07
14-Dec-07
11-Jul-08
15-Dec-08
14-Jul-09
15-Dec-09
13-Jul-10
15-Dec-10
13-Jul-11
15-Dec-11
13-Jul-12
20-Dec-12
16-Jul-13
12-Dec-13
F/I
I
I&F
I&F
I&F
I&F
I&F
I&F
I&F
I&F
I&F
I&F
I&F
I
F
I
F
I
I
I
I
F
I
F
I
F
I
F
I
F
I
F
I
F
I
F
I
ISSUED HISTORY
No.
1.
2.
3.
4.
Type of Listing
First Issue
Bonus Shares
Company Listing
Stock Split
Shares
9,200,000
2,251,225 T:
64,848,775
7,553,700,000 T:
Listing
Date
11-Jan-82
15-Dec-89 :
02-Jan-98
06-Nov-00 :
Trading
Date
11-Jan-82
22-Sep-93
02-Jan-98
03-Sep-03
167
Volume
(Mill. Sh)
36,000
40.0
31,500
35.0
27,000
30.0
22,500
25.0
18,000
20.0
13,500
15.0
9,000
10.0
4,500
5.0
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
175%
158.4%
140%
105%
70%
71.6%
35%
-35%
Jan 10
Jan 11
SHARES TRADED
Volume (Million Sh.)
Value (Billion Rp)
Frequency (Thou. X)
Days
Price (Rupiah)
High
Low
Close
Close*
Jan 12
Jan 14
2010
2011
2012
515
7,928
127
245
557
8,847
175
247
552
12,558
225
246
608
16,506
285
244
49
1,352
44
20
19,200
10,550
16,500
16,500
19,000
13,800
18,800
18,800
28,500
17,500
20,850
20,850
37,350
20,900
26,000
26,000
28,775
25,800
28,550
28,550
34.45
16.22
38.97
32.87
19.75
40.09
36.37
19.15
36.00
39.94
23.95
39.53
37.17
PER (X)
16.41
PER Industry (X)
31.12
PBV (X)
* Adjusted price after corporate action
168
Jan 13
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
11,750
11,700
13,200
14,000
16,550
18,900
17,350
17,150
17,250
19,200
17,500
17,000
Low
10,950
10,550
11,300
12,000
13,600
15,000
16,300
15,950
15,950
16,850
15,000
15,000
Close
11,300
11,500
12,150
13,850
15,600
17,000
16,950
16,100
16,850
17,450
15,000
16,500
(X)
5,909
4,558
7,296
6,233
10,001
12,810
14,001
12,188
11,202
10,736
17,104
15,223
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
16,650
16,200
16,950
15,650
15,300
15,350
15,900
17,400
17,750
16,500
18,400
19,000
13,800
14,100
15,250
14,900
14,650
14,600
14,700
15,000
14,000
15,250
15,450
17,100
15,050
16,200
15,300
15,300
14,700
14,900
15,600
16,900
16,500
15,650
18,200
18,800
16,428
11,599
15,300
17,329
10,563
9,679
12,108
20,492
17,471
17,533
12,590
13,898
48,440
27,234
59,981
57,709
43,392
28,109
41,466
63,871
46,683
56,126
43,802
40,609
732,617
412,351
967,698
878,710
648,620
419,148
628,166
1,043,194
763,768
897,769
722,503
732,748
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
24,450
20,050
20,200
20,750
22,450
25,500
25,250
27,350
28,500
26,300
26,950
26,400
18,200
17,500
18,600
18,750
19,700
20,000
22,350
23,800
25,100
25,250
25,600
20,100
19,600
19,250
20,000
19,850
20,550
22,900
24,250
27,100
26,050
26,050
26,350
20,850
16,752
17,028
14,713
14,599
16,221
15,235
16,534
13,551
20,640
15,755
13,272
50,609
38,440
31,412
27,939
31,656
45,658
37,485
35,057
24,914
43,814
45,467
46,071
143,941
761,415
606,182
543,448
615,568
965,430
842,684
828,065
635,793
1,177,790
1,176,959
1,207,920
3,196,599
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
23,150
23,300
23,100
26,250
34,500
31,550
34,600
32,350
33,300
37,350
30,800
27,300
20,900
21,650
21,700
22,150
24,800
25,550
26,000
26,600
30,100
29,600
25,700
25,100
22,050
22,850
22,800
26,250
30,500
30,750
31,800
31,200
30,150
30,000
26,600
26,000
23,609
17,807
16,433
15,906
21,913
34,773
24,938
25,112
28,077
26,976
27,121
22,404
61,636
44,383
50,808
50,732
57,502
62,429
45,612
39,989
50,371
54,142
53,564
36,810
1,347,431
1,001,564
1,147,414
1,178,848
1,657,707
1,795,607
1,435,491
1,191,169
1,587,564
1,698,290
1,502,119
963,138
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
44,445
49,313
1,352,166
20
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Tanudiredja, Wibisana & Rekan (Member of PricewaterhouseCoopers Global Network)
BALANCE SHEET
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
858,322
317,759
336,143
229,690
261,202
Assets
Receivables
1,345,255
1,752,633
2,188,280
2,261,941
3,279,694
Inventories
1,340,036
1,574,060
1,812,821
2,061,899
2,084,331
Current Assets
3,598,793
3,748,130
4,446,219
5,035,962
5,862,939
68,371
4,148,778
5,314,311
6,283,479
6,874,177
50,377
75,705
70,456
69,271
7,485,249
Fixed Assets
Other Assets
Total Assets
55,058
7,484,990
Current Liabilities
Long Term Liabilities
Total Liabilities
10,000
7,500
5,000
16.25%
20.47%
14.34%
-37.54%
2,500
3,454,869
4,402,940
6,474,594
7,535,896
8,419,442
321,546
249,469
326,781
480,718
674,076
3,776,415
4,652,409
6,801,375
8,016,614
9,093,518
23.20%
46.19%
17.87%
13.43%
Growth (%)
Growth (%)
Liabilities
12,500
2009
2010
2011
2012
2013
76,300
76,300
76,300
76,300
76,300
Paid up Capital
76,300
76,300
76,300
76,300
76,300
7,630
7,630
7,630
7,630
7,630
10
10
10
10
10
Retained Earnings
3,530,519
3,873,119
3,504,268
4,933,326
4,082,370
Total Equity
3,702,819
4,045,419
3,680,937
3,968,365
4,254,670
9.25%
-9.01%
7.81%
7.21%
Dec-10
Dec-11
Dec-12
Dec-13
4,255
4,045
4,255
3,703
3,968
3,681
3,387
2,519
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-09
1,651
783
7.91%
Growth (%)
19.19%
16.34%
12.65%
-85
2009
2010
2011
2013
Cost of Revenues
9,200,878
Gross Profit
Expenses (Income)
4,831,103
5,662,340
6,431,614
7,391,019
8,614,043
Operating Profit
4,214,891
4,542,625
5,574,799
6,498,107
7,164,445
7.78%
22.72%
16.56%
10.25%
Growth (%)
2012
27,303
23,469
24,483
33,699
-3,982
-31,342
-5,637
4,248,590
4,538,643
5,574,799
6,466,765
7,158,808
Tax
1,205,236
1,153,995
1,410,495
-1,627,620
1,806,183
3,043,354
3,384,648
4,164,304
4,839,145
5,352,625
11.21%
23.04%
16.21%
10.61%
Growth (%)
18,247
19,690
18,208
11,934
5,659
Period Attributable
3,043,354
3,386,970
4,163,369
4,839,277
5,352,625
Comprehensive Income
3,044,107
3,384,648
4,164,304
4,839,145
5,352,625
3,386,970
4,163,369
4,839,277
5,352,625
Comprehensive Attributable
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
104.17
85.13
68.67
66.83
69.64
Dividend (Rp)
399.00
444.00
546.00
634.00
330.00
EPS (Rp)
398.87
443.90
545.66
634.24
701.52
BV (Rp)
485.30
530.20
482.43
520.10
557.62
DAR (X)
0.50
0.53
0.65
0.67
1.21
RATIOS
-615
2009
2010
2011
2012
2013
5,353
4,164
4,261
3,043
3,385
3,169
1.02
1.15
1.85
2.02
2.14
ROA (%)
40.66
38.90
39.73
40.38
71.51
ROE (%)
82.19
83.67
113.13
121.94
125.81
GPM (%)
49.58
51.83
51.16
50.87
51.30
OPM (%)
23.10
23.07
23.75
23.80
23.29
NPM (%)
16.68
17.19
17.74
17.72
17.40
100.03
100.02
100.06
99.96
47.04
3.61
2.69
2.90
3.04
1.27
DER(X)
2,077
985
-107
2009
2010
2011
2012
2013
169
CC O
OM
M PP A
AN
N YY RR EE PP O
O RR TT
VIVA
PT VISI MEDIA ASIA TBK.
Company Profile
PT Visi Media Asia Tbk. (VIVA) was established in the Republic of Indonesia on November
8, 2004. the scope of the Companys activity is conducting, among others, trading, and
management consulting services. Currently, the Company is engaged as a holding company
of its Subsidiaries which are engaged in media and services.
PT Visi Media Asia Tbk. focused on delivering news, sports and lifestyle content through the
convergence of broadcast, online, and mobile platforms. VIVA provides content, community
and commerce, providing customers with a unique 360 degree experience.
Through synergies and integrated operations, VIVA is able to drive cost efficiencies resulting
in affordable access for consumers and better market positioning. Key synergies to date
include, but are not limited to, joint advertising sales between tvOne, ANTV and Vivanews,
and cooperation on IP networks to ensure operational stability.
The ultimate parent company of the Company is PT Bakrie Global Ventura. The Company is
part of the Bakrie Group.
The Company has direct ownership in Subsidiaries as follows:
PT Lativi Mediakarya
PT Asia Global Media
PT Redal Semesta
PT Viva Media Baru
PT Intermedia Capital
PT Digital Media Asia
The Group had 2,482 permanent employees as of December 31st, 2013.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or of
the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be by
any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any advice
action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
170
As of 30 January 2014
Main Board
Industry Sector : Trade, Services & Investment (9)
Industry Sub Sector : Advertising, Printing And Media (95)
Individual Index
:
Listed Shares
:
Market Capitalization :
90.667
16,464,270,400
4,478,281,548,800
COMPANY HISTORY
Established Date
: 08-Nov-2004
Listing Date
: 21-Nov-2011
Under Writer IPO :
PT Danatama Makmur
PT Danatama Makmur
Securities Administration Bureau :
PT Ficomindo Buana Registrar
Mayapada Tower 10th Fl. Suite 02 B
Jln. Jend. Sudirman Kav. 28 Jakarta 12920
Phone : (021) 521-2316, 521-2317
Fax
: (021) 521-2320
Shares
Dividend
Cum Date
Ex Date
2,755,000,000
1,611,736,000
1,422,000,000
1,034,820,000
9,640,714,400
Recording
Date
:
:
:
:
:
16.73%
9.79%
8.64%
6.29%
58.55%
Payment
F/I
Date
ISSUED HISTORY
BOARD OF COMMISSIONERS
1. Anindya Novyan Bakrie
2. Omar Luthfi Anwar
3. Raden Mas Djoko Setiotomo *)
4. Rosan Perkasa Roeslani
5. Setyanto Prawira Santosa *)
6. Rachmat Gobel *)
*) Independent Commissioners
No.
1.
2.
3.
4.
Type of Listing
First Issue Seri A
Company Listing Seri A
Company Listing Seri B
Warrant I
Shares
1,667,000,000
12,762,460,000
1,034,820,000
999,990,400 T:
Listing
Date
21-Nov-11
21-Nov-11
21-Nov-11
31-May-12 :
Trading
Date
21-Nov-11
21-Nov-11
21-Nov-11
24-May-13
BOARD OF DIRECTORS
1. Erick Thohir
2. Otis Hahijari
3. Anindra Ardiansyah Bakrie
4. Raden Mas Harlin Erlianto Rahardjo
5. Charlie Kasim
6. Tae Hoon David T. Khim
7. Robertus B. Kurniawan
AUDIT COMMITTEE
1. R.M. Djoko Setiotomo
2. Ivan Permana
3. Robertus Bismarka Kurniawan
CORPORATE SECRETARY
Neil Ricardo Tobing
HEAD OFFICE
Wisma Bakrie 2, 7th Fl.
Jln. H.R. Rasuna Said Kav. B2
Jakarta - 12920
Phone : (021) 579-45711
Fax
: (021) 579-45715
Homepage
Email
: www.viva.co.id
: corsec@viva.co.id
ntobing@viva.co.id
171
Volume
(Mill. Sh)
1,000
2,400
875
2,100
750
1,800
625
1,500
500
1,200
375
900
250
600
125
300
Nov-11
May-12
Nov-12
May-13
Nov-13
42.0%
25%
20.1%
-25%
-39.6%
-50%
-75%
-100%
Nov 11
May 12
Nov 12
May 13
Nov 13
2011
2012
1,689
699
16
29
3,056
1,437
53
243
36,679
12,685
333
244
193
55
8
20
580
390
520
520
900
265
560
560
750
111
275
275
288
250
272
272
305.68
PER (X)
16.89
PER Industry (X)
5.04
PBV (X)
* Adjusted price after corporate action
118.83
19.08
5.16
113.63
15.43
2.26
112.39
17.12
2.24
SHARES TRADED
Volume (Million Sh.)
Value (Billion Rp)
Frequency (Thou. X)
Days
Price (Rupiah)
High
Low
Close
Close*
172
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Nov-11
Dec-11
High
550
580
Low
390
490
Close
530
520
(X)
8,583
7,128
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
630
560
530
540
810
900
730
770
670
570
710
700
510
500
480
480
485
600
580
620
430
265
480
450
540
510
510
495
780
730
720
680
520
540
680
560
6,389
1,093
744
1,644
1,654
662
206
1,510
4,540
21,102
3,847
9,766
163,865
134,896
14,196
73,316
49,311
63,443
546,183
92,936
53,190
606,296
371,976
886,441
87,649
73,859
7,137
36,766
30,212
50,803
128,093
59,612
28,232
234,638
226,059
473,799
21
21
20
20
21
19
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
660
750
620
720
580
490
415
345
260
255
300
290
470
495
465
530
440
340
245
111
148
194
220
265
540
590
540
560
465
400
335
165
230
240
285
275
8,327
27,278
19,984
40,834
32,250
24,953
20,855
66,603
55,435
21,344
11,502
4,089
975,860
1,645,224
1,535,850
3,812,373
2,872,143
2,702,698
2,912,570
8,157,092
5,316,402
2,947,431
2,828,387
973,035
494,188
945,115
835,403
2,312,393
1,477,086
1,115,495
1,052,457
1,469,671
1,191,245
763,086
785,487
243,023
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
288
250
272
8,087
193,468
55,098
20
8
21
Public Accountant : Tjiendradjaja & Handoko Tomo (Member of Mazars Moores Rowland Indonesia)
Dec-10
Dec-11
Dec-12
Dec-13
436,309
561,873
554,954
815,880
Receivables
317,857
333,018
584,687
850,910
Inventories
91,473
149,637
65,578
57,361
1,167,392
1,167,392
1,340,859
2,509,765
469,007
469,007
494,485
933,019
BALANCE SHEET
Dec-09
Assets
Current Assets
Fixed Assets
Other Assets
Total Assets
5,000
3,750
9,593
9,593
10,320
9,227
2,417,561
2,417,561
2,993,376
5,303,084
23.82%
77.16%
1,250
-
Growth (%)
Current Liabilities
352,705
681,701
367,285
371,757
642,476
140,576
947,530
2,844,551
Total Liabilities
995,181
822,276
1,314,815
3,216,308
-17.37%
59.90%
144.62%
Growth (%)
Liabilities
6,250
2,500
2010
2011
2012
2013
4,350
4,349,857
4,349,857
4,349,857
Paid up Capital
1,537
1,703,514
1,704,330
1,803,513
15,464
15,464
15,472
16,464
1,000 & 2,518 100 & 251.8 100 & 251.8 100 & 251.8
Par Value
Retained Earnings
-372,516
-372,516
-299,594
-192,203
1,595,284
1,595,284
1,678,561
2,086,775
5.22%
24.32%
2,087
2,087
1,595
1,595
2010
2011
1,679
1,661
1,235
Total Equity
Growth (%)
INCOME STATEMENTS
Dec-09
Total Revenues
Dec-10
Dec-11
Dec-12
Dec-13
889,101
992,635
1,241,437
1,674,375
11.64%
25.06%
34.87%
Growth (%)
823,286
840,277
982,484
1,087,554
65,815
152,358
258,953
586,821
65,815
152,358
258,953
586,821
131.49%
69.96%
126.61%
-76,766
-110,779
-74,874
-344,054
-10,950
41,579
184,079
242,767
Tax
-14,606
15,273
111,154
136,972
26,306
72,925
105,796
619.50%
177.21%
45.07%
Cost of Revenues
Gross Profit
Expenses (Income)
Operating Profit
810
384
-42
2012
2013
Growth (%)
1,241
1,333
3,656
Growth (%)
991
889
993
650
308
3,656
26,260
72,922
107,392
Comprehensive Income
26,306
72,925
105,796
Comprehensive Attributable
26,260
72,922
107,392
Dec-10
Dec-11
Dec-12
Dec-13
330.98
171.25
365.07
675.11
Period Attributable
RATIOS
Current Ratio (%)
Dividend (Rp)
Dec-09
0.24
1.70
4.71
6.52
BV (Rp)
103.16
103.16
108.49
126.75
DAR (X)
0.41
0.34
0.44
0.61
DER(X)
0.62
0.52
0.78
1.54
ROA (%)
0.15
1.09
2.44
1.99
ROE (%)
0.23
1.65
4.34
5.07
GPM (%)
7.40
15.35
20.86
35.05
OPM (%)
7.40
15.35
20.86
35.05
NPM (%)
EPS (Rp)
-33
2010
2011
2012
2013
73
84
63
0.41
2.65
5.87
6.32
Yield (%)
41
26
19
3.7
-2
2010
2011
2012
2013
173
C
CO
OM
MP
PA
AN
NY
Y R
RE
EP
PO
OR
RT
T
WIKA
WIJAYA KARYA (PERSERO) TBK.
Company Profile
PTWijayaKarya(Persero)Tbk.,("Perseroan")wasbornoutofthenationalizationprocessof
a Dutch company bearing the name Naamloze Vennotschap Technische Handel
MaatschappijenBouwbedijfVisenCo.orNVVisenCo.PursuantToGovernmentRegulation
No.2/1960andMinisterofPublicWorksandElectricPower(PUTL)DecreeNo.5dated11
March1960.
InaccordancewithArticle3oftheArticlesofAssociation,thepurposeandobjectivesofthe
Company is to engage in the construction industry, manufacturing industry, conversion
industry, rental, agency services, investment, agroindustry, renewable energy and
conversionenergy,trading,engineering,procurement,construction,area(industrialzone)
management,servicecapacityupgradesinthefieldofconstruction,informationtechnology
for engineering and planning services, by applying the principles of limited liability
companies.
TheCompanyisdomiciledatdiJl.D.I.PanjaitanKav.9,EastJava.
TheCompanydirectlyownedmorethan50%sharesonsubsidiariesasfollows:
PTWijayaKaryaBeton
PTWijayaKaryaRealty
PTWijayaKaryaIndustridanKonstruksi
PTWijayaKaryaInsanPertiwi
PTWijayaKaryaBangunanGedung
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or of
the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be by
any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any advice
action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
174
As of 30 January 2014
Individual Index
:
Listed Shares
:
Market Capitalization :
464.286
6,139,968,000
11,972,937,600,000
COMPANY HISTORY
Established Date
: 11-Mar-1960
Listing Date
: 29-Oct-2007
Under Writer IPO :
PT CIMB-GK Securities Indonesia
PT Bahana Securities
PT Indo Premier Securities
Securities Administration Bureau :
PT Datindo Entrycom
Wisma Sudirman - Puri Datindo
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220
Phone : (021) 570-9009
Fax
: (021) 570-9026
BOARD OF COMMISSIONERS
1. Basoeki Hadimoeljono
2. Abdul Rahman Pelu
3. Arie Setiadi Moerwanto
4. Bakti Santoso Ludin *)
5. Soepomo
6. Taslim Z. Yunus *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Bintang Perbowo
2. Adji Firmantoro
3. Bambang Pramujo
4. Budi Harto
5. Destiawan Soewardjono
6. Ganda Kusuma
7. Ikuten Sinulingga
4,000,000,000 :
2,139,968,000 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
2007
2008
2009
2010
2011
2012
2013
Shares
Dividend
5.97
8.03
10.02
17.08
17.28
22.32
27.82
Cum Date
06-Jun-08
18-Jun-09
27-May-10
06-Jun-11
23-May-12
29-May-13
28-Apr-14
Recording
Date
11-Jun-08
23-Jun-09
02-Jun-10
09-Jun-11
28-May-12
03-Jun-13
02-May-14
Ex Date
09-Jun-08
19-Jun-09
31-May-10
07-Jun-11
24-May-12
30-May-13
29-Apr-14
65.15%
34.85%
Payment
Date
25-Jun-08
07-Jul-09
16-Jun-10
23-Jun-11
11-Jun-12
14-Jun-13
13-May-14
F
F
F
F
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Type of Listing
First Issue
Negara RI (Seri A)
Company Listing
ESOP II
MSOP I
MSOP II
MSOP I & II
ESOP/MSOP I & II
ESOP/MSOP II
ESOP/MSOP I
Shares
1,846,154,000
1
3,999,999,999
213,500
2,183,500
908,000
152,081,500
137,504,500
717,000
206,000
T:
T:
T:
T:
T:
T:
Listing
Date
29-Oct-07
29-Oct-07
29-Oct-07
16-Dec-09
24-May-10
24-May-10
22-Nov-10
20-May-11
22-Nov-11
30-Dec-13
:
:
:
:
:
:
Trading
Date
29-Oct-07
29-Oct-07
29-Oct-07
22-Dec-09
30-Jun-10
30-Jun-10
05-Jan-11
01-Jul-13
23-Dec-13
30-Dec-13
AUDIT COMMITTEE
1. Taslim Z. Yunus
2. Arzul Andaliza
3. Bakti Santoso Luddin
4. M. Slamet Wibowo
5. Mukti Wibowo
CORPORATE SECRETARY
Natal Argawan Pardede
HEAD OFFICE
Jln. D.I. Panjaitan Kav. 9
Jakarta - 13340
Phone : (021) 819-2808, 850-8640, 850-8650
Fax
: (021) 819-1235, 859-11969
Homepage
Email
F/I
: www.wika.co.id
: natal.argawan@wika.co.id
175
Volume
(Mill. Sh)
3,000
400
2,625
350
2,250
300
1,875
250
1,500
200
1,125
150
750
100
375
50
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
480%
360%
240%
149.6%
120%
71.6%
-120%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
SHARES TRADED
2010
2011
2012
6,396
3,257
130
245
1,881
1,171
69
247
3,477
3,843
131
246
7,059
13,754
406
244
485
901
40
20
770
300
680
680
710
450
610
610
1,650
600
1,480
1,480
2,900
1,350
1,580
1,580
1,985
1,580
1,950
1,950
9.15
11.09
1.66
17.75
17.34
3.21
18.65
17.79
3.13
23.02
16.27
3.86
Price (Rupiah)
High
Low
Close
Close*
14.26
PER (X)
9.97
PER Industry (X)
2.25
PBV (X)
* Adjusted price after corporate action
176
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
340
340
365
440
430
455
570
630
740
770
720
710
Low
315
300
325
345
310
325
415
490
580
660
620
620
Close
315
335
350
425
355
430
540
590
670
720
630
680
(X)
3,412
2,503
5,165
23,526
9,063
12,971
12,742
10,769
15,432
16,873
8,674
8,795
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
700
680
710
700
710
700
690
680
610
600
520
650
590
600
600
660
660
640
650
560
450
450
470
465
610
660
670
670
690
660
680
580
490
520
470
610
7,891
4,073
6,958
7,560
3,019
2,028
4,419
3,545
4,595
11,628
3,385
9,881
316,051
114,366
143,658
148,172
98,903
95,426
150,923
115,101
95,568
160,637
59,665
382,183
202,032
73,484
92,449
100,902
68,033
63,532
101,290
70,332
52,881
85,900
29,849
230,029
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
720
780
920
980
1,110
1,050
1,070
1,130
1,270
1,550
1,630
1,650
600
660
730
880
890
870
980
980
1,050
1,210
1,300
1,360
710
730
910
980
920
1,050
1,000
1,050
1,210
1,370
1,630
1,480
4,827
4,265
7,608
8,877
10,137
9,383
6,930
7,231
7,417
22,891
19,989
20,945
208,891
209,034
497,042
258,868
316,373
224,325
133,608
155,121
159,355
474,320
425,278
414,789
137,097
153,646
399,840
238,228
322,511
217,163
137,739
164,671
184,402
654,105
614,199
619,874
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
1,730
1,780
2,075
2,475
2,900
2,875
2,325
2,250
2,125
2,125
1,950
1,810
1,470
1,590
1,680
1,950
2,375
1,930
1,590
1,350
1,620
1,820
1,600
1,540
1,650
1,770
2,025
2,400
2,825
2,050
2,075
1,740
1,920
1,920
1,650
1,580
25,183
22,785
39,561
27,075
24,613
45,363
48,860
38,418
52,542
31,706
27,137
22,377
446,947
521,572
759,537
501,903
424,941
735,887
935,852
604,516
912,763
501,965
392,473
320,791
726,586
871,607
1,407,679
1,087,356
1,105,249
1,669,932
1,864,035
1,095,151
1,717,307
982,191
683,096
543,658
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
1,985
1,580
1,950
39,945
484,540
901,013
20
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Hadori Sugiarto Adi & Rekan (Member of HLB International)
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
1,210,888
1,227,705
1,244,316
1,499,143
1,386,707
Receivables
1,353,339
1,422,090
420,573
1,978,912
2,132,198
Inventories
1,044,473
853,257
872,775
1,138,080
1,118,390
Investment
121,509
150,108
164,989
1,208,327
1,583,043
Fixed Assets
332,207
405,546
753,148
1,168,757
1,640,292
417,006
73,252
71,743
BALANCE SHEET
Other Assets
Total Assets
Assets
52,924
75,040
5,700,614
6,286,305
Growth (%)
10.27%
32.40%
8,250
5,500
2,750
-
1,163,020
1,221,036
2,119,188
2,529,217
3,061,518
Total Liabilities
4,064,899
4,369,537
6,103,604
8,131,204
9,368,004
7.49%
39.69%
33.22%
15.21%
1,600,000
1,600,000
1,600,000
1,600,000
1,600,000
584,637
600,154
602,727
610,563
613,997
5,846
6,002
6,027
6,106
6,140
100
100
100
100
100
386,017
608,453
854,681
1,196,354
1,202,095
1,532,941
1,801,624
2,219,376
2,814,006
3,226,959
17.53%
23.19%
26.79%
14.67%
Dec-12
Dec-13
Growth (%)
11,000
15.07%
Trade Payable
Bank Payable
31.51%
Liabilities
13,750
2009
2010
2011
2012
2013
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-09
Dec-10
Dec-11
6,590,857
6,022,922
7,741,827
-8.62%
28.54%
Growth (%)
26.79%
21.07%
5,967,732
5,390,012
6,978,414
645,733
673,068
864,935
1,111,382
Operating Expenses
160,782
195,457
211,194
265,965
367,486
Operating Profit
484,951
477,611
653,741
845,417
1,215,962
-1.51%
36.88%
29.32%
43.83%
Growth (%)
2,814
2,219
2,569
1,910
1,533
1,802
1,252
594
9,816,086 11,884,668
Gross Profit
Cost of Revenues
3,227
3,227
-65
2009
2010
2011
2012
2013
8,902,209 10,562,234
1,583,448
9,816
9,460
-136,842
-4,285
-24,134
-37,501
-199,272
348,109
473,326
629,607
807,916
1,016,690
Tax
141,585
162,085
238,660
302,791
392,319
206,524
311,241
390,946
505,125
624,372
50.70%
25.61%
29.21%
23.61%
Growth (%)
7,742
6,591
7,036
6,023
4,611
2,187
Period Attributable
206,524
284,922
354,499
457,858
569,940
Comprehensive Income
189,222
311,241
401,828
508,764
624,372
284,922
366,375
461,134
569,940
Comprehensive Attributable
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
Dividend (Rp)
10.02
17.08
17.28
22.32
EPS (Rp)
35.33
47.47
58.82
74.99
92.82
BV (Rp)
262.20
300.19
368.22
460.89
525.57
DAR (X)
0.71
0.70
0.73
0.74
0.74
DER(X)
2.65
2.43
2.75
2.89
2.90
ROA (%)
3.62
4.95
4.70
4.62
4.96
ROE (%)
13.47
17.28
17.62
17.95
19.35
GPM (%)
9.80
11.18
11.17
11.32
13.32
OPM (%)
7.36
7.93
8.44
8.61
10.23
NPM (%)
3.13
5.17
5.05
5.15
5.25
28.37
35.99
29.38
29.76
3.08
2.51
2.83
1.51
RATIOS
-238
2009
2010
2011
2012
2013
505
497
391
311
370
242
207
115
-12
2009
2010
2011
2012
2013
177
C
CO
OM
MP
PA
AN
NY
Y R
RE
EP
PO
OR
RT
T
WSKT
WASKITA KARYA (PERSERO) TBK.
Company Profile
the objectives of the Company are to execute and support the Government policy and
programs in economic area and national development in general, construction industry,
fabrication, rental services, agent services, investment, agro industry, trading, zone
management,increaseabilityinthefieldofconstructionservices,informationtechnology,
andtourismanddeveloperwithimplementationingoodcorporategovernance.
Inordertoachievetheobjectives,theCompanyisengagedinfollowingactivities:
Construction work, mining services, integrated work of Engineering, Procurement, and
Construction (EPC), Design and Build, management consultant service, building
management, building components and raw material fabrication, component and
constructiontoolsfabrication,fabricationofmetals,woods,rubber,andplasticfabrication,
leasing on construction equipments, agent for raw materials, building components and
constructionequipment,investmentand/orbusinessmanagementinareaofbasicfacility
andinfrastructureandindustry,performingactivitiesinagroindustryfield,exportimport,
general trading, region management, system development, service in information
technologyandtourismandroyaltydevelopment.
The Company's business activities, which has been executed by the Company is
construction activities and integrated work Enginering, Procurement and Construction
(EPC).
TheCompanyhas50%directandindirectownershipinterestinsubsidiariesand/orhasthe
controlofthesubsidariesmanagementwhichconsolidatedisPTWaskitaSangirEnergi.
TheCompanyhaspermanentemployeesamountedto996staffsasofDecember31st,2013
respectively.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
178
As of 30 January 2014
Individual Index
:
Listed Shares
:
Market Capitalization :
142.105
9,632,236,000
5,201,407,440,000
COMPANY HISTORY
Established Date
: 01-Jan-1961
Listing Date
: 19-Dec-2012
Under Writer IPO :
PT Bahana Securities (affiliated)
PT Danareksa Sekuritas (affiliated)
PT Mandiri Sekuritas (affiliated)
Securities Administration Bureau :
PT Datindo Entrycom
Wisma Sudirman - Puri Datindo
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220
Phone : (021) 570-9009
Fax
: (021) 570-9026
BOARD OF COMMISSIONERS
1. Mohamad Hasan
2. Arif Baharudin
3. Imam Majdi Achid
4. Iwan Nursyirwan Diar *)
5. Kohirin Suganda Saputra *)
6. Satya Arinanto
*) Independent Commissioners
6,549,921,000 :
3,082,315,000 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
2012
2013
Shares
Dividend
2.11
11.46
Cum Date
10-May-13
28-Apr-14
Ex Date
13-May-13
29-Apr-14
Recording
Date
15-May-13
02-May-14
68.00%
32.00%
Payment
F/I
Date
29-May-13 F
19-May-14 F
ISSUED HISTORY
No. Type of Listing
1. First Issue
2. Company Listing
Shares
3,082,315,000
6,549,921,000
Listing
Date
19-Dec-12
19-Dec-12
Trading
Date
19-Dec-12
19-Dec-12
BOARD OF DIRECTORS
1. Muhammad Choliq
2. Didi Triyono
3. Adhi Wibowo
4. Agus Sugiono
5. Desi Arryani
6. Tunggul Rajagukguk
AUDIT COMMITTEE
1. Iwan Nursyirwan Diar
2. Agus Suprapto
3. Arif Baharudin
4. Mohammad Danial
CORPORATE SECRETARY
Haris Gunawan
HEAD OFFICE
Gedung Waskita
Jln. M.T. Haryono Kav. No. 10
Cawang, Jakarta - 13340
Phone : (021) 850-8510
Fax
: (021) 850-8506
Homepage
Email
: www.waskita.co.id
: munib@waskita.co.id
haris@waskita.co.id
179
Volume
(Mill. Sh)
Closing Price
Low
420
Close
450
(X)
17,534
490
630
730
800
1,080
1,060
850
830
680
650
610
485
425
460
580
660
770
710
620
445
450
550
440
400
470
610
720
770
1,050
770
790
550
590
600
455
405
16,190
25,036
36,894
28,087
38,880
68,307
48,239
37,846
50,717
31,903
29,709
27,797
795,507
1,549,717
1,497,699
1,190,414
1,506,312
2,193,824
1,511,901
1,206,295
1,781,255
1,227,099
907,064
812,597
361,316
829,186
977,725
861,257
1,351,118
1,872,431
1,144,500
744,295
1,024,650
738,953
452,235
370,734
21
20
19
22
22
19
23
17
21
21
20
19
580
402
540
45,714
1,361,373
694,196
20
1,050
1,400
900
1,200
750
1,000
600
800
450
600
300
400
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
150
200
Jan-14
Jun-13
Sep-13
Dec-13
20%
3.3%
-20%
Dec 12
Mar 13
Jun 13
Sep 13
Dec 13
SHARES TRADED
2012
1,432
623
18
6
16,180
10,728
440
244
1,361
694
46
20
490
420
450
450
1,080
400
405
405
580
402
540
540
17.04
17.34
2.16
24.76
17.79
1.85
33.02
16.27
2.47
Price (Rupiah)
High
Low
Close
Close*
PER (X)
PER Industry (X)
PBV (X)
* Adjusted price after corporate action
180
2013 Jan-14
Value
High
490
1,600
Mar-13
Volume
Month
Dec-12
1,200
Dec-12
Freq.
Day
TRADING ACTIVITIES
Public Accountant : Aryanto, Amir Jusuf, Mawar & Saptoto (Member of RSM International)
Dec-12
Dec-13
2,183,783
1,119,694
Receivables
1,971,997
2,342,084
Inventories
412,538
292,227
Investment
50,352
70,168
Fixed Assets
239,934
415,440
BALANCE SHEET
Dec-09
Dec-10
Dec-11
Assets
Other Assets
Total Assets
19,036
21,180
8,366,244
8,788,303
Growth (%)
8,000
6,000
4,000
5.04%
2,000
-
822,776
874,808
Trade Payable
2,002,815
2,291,268
Total Liabilities
6,359,169
6,404,866
Bank Payable
Liabilities
10,000
2012
2013
0.72%
Growth (%)
2,600,000
2,600,000
963,233
963,224
9,632
9,632
100
100
215,174
563,911
2,007,075
2,383,437
2,383
2,383
2,007
1,897
1,411
Total Equity
18.75%
Growth (%)
INCOME STATEMENTS
Dec-09
Dec-10
Dec-11
Total Revenues
Dec-12
Dec-13
8,808,416
9,686,610
9.97%
Growth (%)
8,076,158
8,775,914
Gross Profit
824,835
1,012,371
Operating Expenses
196,307
305,473
Operating Profit
628,528
Cost of Revenues
925
439
-48
2012
2013
Growth (%)
8,808
7,711
-168,615
-95,698
459,913
611,201
Tax
205,882
243,230
254,031
367,970
5,734
3,758
44.85%
Growth (%)
1,782
Period Attributable
254,031
368,060
Comprehensive Income
254,363
366,629
366,719
Dec-12
Dec-13
2.11
11.46
EPS (Rp)
26.37
38.21
BV (Rp)
208.37
247.44
DAR (X)
0.76
0.73
DER(X)
3.17
2.69
ROA (%)
3.04
4.19
ROE (%)
12.66
15.44
GPM (%)
9.36
10.45
OPM (%)
7.14
NPM (%)
2.88
3.80
8.00
30.00
Yield (%)
0.47
2.83
Comprehensive Attributable
RATIOS
Dividend (Rp)
Dec-09
Dec-10
Dec-11
-194
2012
2013
293
254
218
143
68
-7
2012
2013
181