PT Garuda Indonesia (Persero) Tbk

Head Office

Management Office

Business
Company Status

Garuda Indonesia Building

Jl. Kebon Sirih No. 44
Jakarta 10110
Phone (021) 231-1355
Fax (021) 231-1223
Management Building, Garuda City
Bandara Udara International Soekarno-Hatta
Cengkareng 19120
Phone (021) 5591-5671
Fax (021) 2291-5673
Website: www.garuda-indonesia.com
Air Transportation Services
BUMN

Financial Performance: The Company booked net

income at IDR 808.66 billion in 2011, increase from IDR 515
billion in 2010.
Brief History: PT Garuda Indonesia (Persero) Tbk is
an Indonesia-based airline company. It offers more than 43 domestic and international flights in executive class and economy
classes. It has a total fleet of 48 aircrafts consisting of 3 B747-400s, 6 A-330-300s and 39 B-737s (300, 400, 500 and 800
series) as of December 31, 2007. The Company has 49 branch
offices in Jakarta, Bandung, Manado, Singapore, Kuala Lumpur,
Bangkok, Tokyo, Osaka, Nagoya, Seoul, Canton, Hong Kong,
Beijing, Shanghai, Sydney, Perth, Melbourne, Jeddah, Riyadh,
Amsterdam, and in other cities in Indonesia. Its subsidiaries are
PT Aerowisata, PT GMF Aero Asia, PT Abacus Distribution
System, PT Gapura Angkasa and PT Lufthansa System Indonesia.

Transportation Services

Summary of Financial Statement

(Million Rupiah)
2009
2010
2011
Total Assets
Current Assets
of which
Cash and cash equivalents
Short Investment
Trade receivables
Inventories
Non-Current Assets
of which
Fixed Assets-Net
Deffered Tax Assets-Net
Investments
Other Assets

14,802,423
4,212,529

13,666,018
3,801,376

18,009,967
6,784,092

1,722,492
11,000
1,066,610
618,118
10,589,894

1,177,383
n.a
1,253,522
607,194
9,864,642

3,783,646
n.a
1,590,707
720,555
11,225,875

6,374,882
53,906
126,945
308,160

5,614,938
223,294
136,259
487,531

5,405,542
219,526
143,813
462,410

Liabilities
Current Liabilities
of which
Bank loans
Trade payables
Accrued expenses
Current maturities of
long-term debt
Non-Current Liabilities

11,581,400
6,347,678

10,196,562
5,241,275

10,462,834
5,866,978

218,635
1,266,937
1,379,304

316,720
1,154,095
1,177,920

5,798
1,044,281
1,445,373

2,531,629
5,233,722

1,191,108
4,955,286

1,485,741
4,595,856

Shareholders' Equity
Paid-up capital
Paid-up capital
in excess of par value
Retained earnings

3,221,024
9,120,498

3,469,456
9,120,498

7,547,134
11,320,498

8,402
(5,907,876)

8,402
(5,659,444)

995,422
(4,768,787)

Revenue
Operating Expenses
Operating Profit
Other Income (Expenses)
Profit (loss) before Taxes
Comprehensive Profit (loss)

17,860,374
16,942,085
918,289
42,190
876,099
1,018,616

19,534,331
19,601,491
(67,159)
(143,005)
75,845
515,522

27,164,570
26,152,842
1,011,727
9,070
1,002,657
808,665

Per Share Data (Rp)

Earnings per Share
Equity per Share
Dividend per Share
Closing Price

n.a
n.a
n.a
n.a

n.a
n.a
n.a
n.a

36
333
n.a
475

Financial Ratios
PER (x)
PBV (x)
Dividend Payout (%)
Dividend Yield (%)

n.a
n.a
n.a
n.a

n.a
n.a
n.a
n.a

13.30
1.42
n.a
n.a

Current Ratio (x)

Debt to Equity (x)
Leverage Ratio (x)
Operating Profit Margin (x)
Net Profit Margin (x)
Inventory Turnover (x)
Total Assets Turnover (x)
ROI (%)
ROE (%)

0.66
3.60
0.78
0.05
0.06
27.41
1.21
6.88
31.62

0.73
2.94
0.75
n.a
0.03
32.28
1.43
3.77
14.86

1.16
1.39
0.58
0.04
0.03
36.30
1.51
4.49
10.71

PER =41.74x ; PBV = 1.86x (June 2012)

Financial Year: December 31
Public Accountant: Osman Bing Satrio & Co.

(million rupiah)
2012
2011

Shareholders
Indonesia Government
Credit Suisse AG Singapore TC AR CL
PT Trans Airways
PT Angkasa Pura II (Persero)
PT Angkasa Pura I (Persero)
Emirsyah Satar
Public

480

69.14%
10.90%
1.78%
1.10%
0.01%
17.07%

Total Assets
Current Assets
Non-Current Assets
Liabilities
Shareholders' Equity
Net Sales
Profit after Taxes
ROI (%)
ROE (%)

19,907,560
5,672,094
14,235,466
11,241,996
8,650,503
14,338,683
(19,176)

17,444,764
7,315,442
10,129,322
10,870,972
6,573,792
11,215,007
(185,739)

(0.10)
(0.22)

(1.06)
(2.83)

in June

Indonesian Capital Market Directory 2012

PT Garuda Indonesia (Persero) Tbk.

Transportation Services

Board of Directors
President Director Emirsyah Satar
Directors Elisa Lumbantoruan , Handrito Hardjono,
Capt. Novijanto Herupratomo, Faik Fahmi,
Heriyanto Agung Putra, Batara Silaban,
Judi Rifajantoro

Board of Commissioners
President Commissioner Bambang Susantono
Commissioners Bambang Wahyudi, Sonatha Halim Jusuf,
Wendy Aritenang Yazid, Betti Alisjahbana,
Peter F. Gontha

Number of Employees 6,212

No

Type of Listing

1
2

First Issue
Company Listing

Listing Date

Trading Date

Number of Shares
per Listing

11-Feb-11
11-Feb-11

11-Feb-11
11-Feb-11

6,335,738,000
16,305,258,000

Total Listed
Shares
6,335,738,000
22,640,996,000

Underwriters
PT Bahana Securities, PT Danareksa Sekuritas, PT Mandiri Sekuritas
Stock Price, Frequency, Trading Days, Number and Value of Shares Traded and Market Capitalization
Stock Price
Month

Shares Traded
Frequency

Trading

Listed

Market

Day

Shares

Capitalization

High

Low

Close

Volume

Value

(Rp)

(Rp)

(Rp)

(Thousand Shares)

(Rp Million)

February-11

700

510

530

1,313,438.00

794,112.00

23,616

11

22,640,996,000

11,999,728.00

March-11

580

500

530

655,784.00

350,609.00

17,203

23

22,640,996,000

11,999,728.00

(Rp Million)

January-11

April-11

560

530

550

422,064.00

221,690.00

12,263

20

22,640,996,000

12,452,548.00

May-11

550

500

540

271,854.00

142,662.00

4,950

21

22,640,996,000

12,226,138.00

June-11

540

510

530

490,139.00

264,203.00

3,356

20

22,640,996,000

July-11

540

490

510

386,222.00

197,780.00

7,415

21

22,640,996,000

11,999,728.00
11,546,908.00

August-11

510

420

500

738,463.00

487,948.00

9,336

19

22,640,996,000

11,320,498.00

September-11

520

425

435

2,300,709.00

108,824.00

6,615

20

22,640,996,000

9,848,833.00

October-11

455

390

445

289,835.00

122,276.00

7,644

21

22,640,996,000

10,075,243.00

November-11

445

400

415

227,557.00

95,785.00

9,299

22

22,640,996,000

9,396,013.00

December-11

500

400

475

910,433.00

563,891.00

9,052

21

22,640,996,000

10,754,473.00

January-12

600

465

550

1,856,304.00

972,373.00

13,832

21

22,640,996,000

12,452,548.00

February-12

650

540

580

748,981.00

450,467.00

11,708

21

22,640,996,000

13,131,778.00

March-12

660

560

620

437,062.00

263,932.00

7,716

21

22,640,996,000

14,037,418.00

April-12

720

600

670

3,182,281.00

1,996,596.00

10,639

20

22,640,996,000

15,169,467.00

May-12

740

650

710

687,588.00

483,667.00

10,813

21

22,640,996,000

16,075,107.00

June-12

720

630

710

298,332.00

201,465.00

6,343

21

22,640,996,000

16,075,107.00

Stock Price and Traded Chart

Institute for Economic and Financial Research

481