IDX LQ45 August 2015

IDX LQ45
August 2015
Contents
Forewords
LQ45 Index Constituents for the period of August 2015 January 2016
Page
No.
Code
Stock Name
1.
AALI
Astra Agro Lestari Tbk. [S] (Plantation, 12) .................................................................................................................................................
2.
ADHI
Adhi Karya (Persero) Tbk. [S] (Building Construction, 62) .......................................................................................
3.
ADRO
Adaro Energy Tbk. [S] (Coal Mining, 21) ......................................................................................................................................................
10
4.
AKRA
AKR Corporindo Tbk. [S] (Wholesale (Durable and Non-Durable Goods, 91))
........................................................................
14
5.
ASII
Astra International Tbk. [S] (Automotive and Components, 42).........................................................................................................
18
6.
ASRI
Alam Sutera Realty Tbk. [S] (Property and Real Estate, 61) ..............................................................................................................
22
7.
BBCA
Bank Central Asia Tbk. (Bank, 81) ...................................................................................................................................................................
26
8.
BBNI
Bank Negara Indonesia (Persero) Tbk. (Bank, 81) ..................................................................................................................................
30
9.
BBRI
Bank Rakyat Indonesia (Persero) Tbk. (Bank, 81) .................................................................................................................................
34
10.
BBTN
Bank Tabungan Negara (Persero) Tbk. (Bank, 81). ................................................................................................................................
38
11.
BMRI
Bank Mandiri (Persero) Tbk. (Bank, 81) ........................................................................................................................................................
42
12.
BMTR
Global Mediacom Tbk. [S] (Investment Company, 98)...........................................................................................................................
46
13.
BSDE
Bumi Serpong Damai Tbk. [S] (Property and Real Estate, 61) ..........................................................................................................
50
14.
CPIN
Charoen Pokphand Indonesia Tbk. [S] (Animal Feed,36) ....................................................................................................................
54
15.
EXCL
XL Axiata Tbk. (Telecommunication,73) .......................................................................................................................................................
58
16.
GGRM
Gudang Garam Tbk. (Tobacco Manufacturers, 52) .................................................................................................................................
62
17.
ICBP
Indofood CBP Sukses Makmur Tbk. [S] (Food and Beverages, 51)
.............................................................................................
66
18.
INCO
Vale Indonesia Tbk. [S] (Metal and Mineral Mining, 23) ........................................................................................................................
70
19.
INDF
Indofood Sukses Makmur Tbk. [S] (Food and Beverages, 51) ..........................................................................................................
74
20.
INTP
Indocement Tunggal Prakasa Tbk. [S] (Cement, 31) ..............................................................................................................................
78
21.
ITMG
Indo Tambangraya Megah Tbk. [S] (Coal Mining, 21)............................................................................................................................
82
22.
JSMR
Jasa Marga (Persero) Tbk. [S] (Toll Road, Airport, Harbor and Allied Products, 72) ..............................................................
86
23.
KLBF
Kalbe Farma Tbk. [S] (Pharmaceuticals, 53) ..............................................................................................................................................
90
24.
LPKR
Lippo Karawaci Tbk. [S] (Property and Real Estate, 61) .......................................................................................................................
94
25.
LPPF
Matahari Department Store Tbk. [S] (Retail Trade, 93) .........................................................................................................................
98
26.
LSIP
PP London Sumatera Tbk. [S] (Plantation,12) ...........................................................................................................................................
102
27.
MNCN
Media Nusantara Citra Tbk. [S] (Advertising, Printing and Media,95) ............................................................................................
106
28.
MPPA
Matahari Putra Prima Tbk. [S] (Retail Trade,93) .......................................................................................................................................
110
29.
PGAS
Perusahaan Gas Negara (Persero) Tbk. [S] (Energy, 71)....................................................................................................................
114
118
30.
PTBA
Tambang Batubara Bukit Asam (Persero) Tbk. [S] (Coal Mining, 21) ............................................................................................
31.
PTPP
PP (Persero) Tbk. [S] (Building Construction, 62) ..................................................................................................
122
32.
PWON
Pakuwon Jati Tbk. [S] (Property and Real Estate, 61) ...........................................................................................................................
126
33.
SCMA
Surya Citra Media Tbk. [S] (Advertising, Printing And Media, 95) ....................................................................................................
130
34.
SILO
Siloam International Hospitals Tbk. [S] (Healthcare, 96).......................................................................................................................
134
35.
SMGR
Semen Indonesia (Persero) Tbk. [S] (Cement, 31) ..................................................................................................................................
138
36.
SMRA
Summarecon Agung Tbk. [S] (Property and Real Estate, 61) .................................................................................
142
37.
SRIL
Sri Rejeki Isman Tbk. (Textile, Garment, 43) ...........................................................................................................
146
38.
SSMS
Sawit Sumbermas Sarana Tbk. [S] (Plantation, 12) ................................................................................................
150
39.
TBIG
Tower Bersama Infrastructure Tbk. (Non Building Construction, 75) ......................................................................
154
158
40.
TLKM
Telekomunikasi Indonesia (Persero) Tbk. [S] (Telecommunication, 73) .......................................................................................
41.
UNTR
United Tractors Tbk. [S] (Wholesale (Durable and Non-Durable Goods, 91) ..........................................................
162
42.
UNVR
Unilever Indonesia Tbk. [S] (Cosmetics and Household, 54)..............................................................................................................
166
43.
WIKA
Wijaya Karya (Persero) Tbk. [S] (Building Construction, 62) ..............................................................................................................
170
44.
WSKT
Waskita Karya (Persero) Tbk. [S] (Building Construction, 62) .................................................................................
174
45.
WTON
Wijaya Karya Beton Tbk. [S] (Cement, 31) ..............................................................................................................
178
NOTES
1.
Trading Volume, Value and Frequency :

Figure of trading volume, value, and frequency are calculated once. Trading Frequency refers to numbers of transaction.
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.
Number of listed shares

This figures refers to the total number of shares that is already listed and can be traded at the exchange
4.
Market Capitalization
This figures indicates the aggregate number of listed shares multiplied by regular market closing price
5.
Jakarta Composite Index
(Regular Closing Price x Number of Shares )
Jakarta Composite Index =
Base Value
Base Value =
Base Price x Number of Shares
Regular Closing Price
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.
Earnings Per Share (EPS)

The figure of EPS is derived by dividing Profit for the period attribute to owners entity by number of issued shares. We annualized
the EPS when interim reports are used (see the Financial statement dates and Financial Year Ends).
8.
Book Value per Share (BV)

The figure of BV is derived by dividing the Total Shareholders Equity by number of issued shares.
9.
Debt to Assets Ratio (DAR)

Total Liabilities
x 100%
DAR =
Total Assets
10. Debt to Equity Ratio (DER)

Total Liabilities
DER =
x 100%
Total Equity
11. Return on Assets (ROA)
ROA =
Profit for the period

Total Assets
x 100%
12. Return on Equity (ROE)

ROE =
x 100%
Total Equity
13. Gross Profit Margin (GPM)
GPM =
Gross Profit
x 100%
Total Sales
14. Operating Profit Margin (OPM)
OPM =
Operating Income
x 100%
Total Sales
15. Net Profit Margin (NPM)
NPM =
Profit for period
16. Payout Ratio =
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, August 2015
Research and Development Division
Indonesia Stock Exchange
2015 Indonesia Stock Exchange. All rights reserved.
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.
LQ45 Index Constituents

for the period of August 2015 January 2016
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.ThecompanysoilpalmplantationsanditsmillarelocatedinSouthKalimantan.The
subsidiariesplantationsandmillsarelocatedinJava,Sumatera,Kalimantan,andSulawesi.
PTAstraInternationalTbk.istheparententityoftheCompany,whereasJardineMatheson
HoldingsLtd,incorporatedinBermuda,isitsultimateparententity.
AsofJune30th,2015,theCompanyandsubsidiarieshad35,133permanentemployees.
August 2015
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.
RESEARCH AND DEVELOPMENT DIVISION
AALI Astra Agro Lestari Tbk. [S]
COMPANY REPORT : JULY 2015
As of 31 July 2015
Main Board
Industry Sector : Agriculture (1)
Industry Sub Sector : Plantation (12)
Individual Index
:
Listed Shares
:
Market Capitalization :
1,554.190
1,574,745,000
31,613,005,875,000
27 | 31.6T | 0.64% | 64.16%

49 | 9.42T | 0.64% | 74.08%
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. Johannes Loman
5. Soemadi Djoko Moerdjono Brotodiningrat *)
*) 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. Soemadi Djoko
2. Juliani Eliza Syaftari
3. Moerdjono Brotodiningrat
4. Ratna Wardhani
CORPORATE SECRETARY
Rudy
HEAD OFFICE
Jln. Pulo Ayang 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
SHAREHOLDERS (July 2015)

1. PT Astra International Tbk.
2. Public (<5%)
1,254,831,088 :
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
2013
2014
2014
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
515.00
244.00
716.00
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
09-May-14
09-Oct-14
21-Apr-15
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
14-May-14
14-Oct-14
24-Apr-15
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
12-May-14
10-Oct-14
22-Apr-15
79.68%
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
30-May-14
28-Oct-14
15-May-15
F/I
F
I
F
B
F
F
F
F
F
I
F
F
I
I
I
F
I
F
I
F
I
F
I
F
I
F
I
F
I
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
Type of Listing
First Issue
Company Listing
Bonus Shares
Option Conversion
Option Conversion I & II
Option Conversion II
Option Conversion I
Option Conversion II & III
Option Conversion III
Shares
125,800,000
1,132,200,000
251,600,000
12,005,000
5,494,500
18,108,500
162,000
9,856,500
19,518,500
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
14-Jan-04
15-Jan-04
:
:
:
:
:
:
:
Trading
Date
09-Dec-97
21-Jul-98
06-Jul-99
07-Jun-02
22-Jan-03
18-May-04
31-Jan-03
23-Apr-04
13-May-05

Closing
Price*
Volume
(Mill. Sh)
30,000
16.0
26,250
14.0
22,500
12.0
18,750
10.0
15,000
8.0
11,250
6.0
7,500
4.0
3,750
2.0
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15
Closing Price*, Jakarta Composite Index (IHSG) and

Agriculture Index
January 2011 - July 2015
60%
45%
30%
28.8%
15%
-15%
-16.5%
-25.1%
-30%
-45%
-60%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15
Volume (Million Sh.)

Value (Billion Rp)
Frequency (Thou. X)
Days
273
6,072
135
247
268
5,693
126
246
388
7,542
167
244
439
10,816
436
242
194
4,705
207
142
27,000
16,550
21,700
21,700
24,000
17,800
19,700
19,700
25,750
13,100
25,100
25,100
29,850
19,250
24,250
24,250
27,525
19,500
20,075
20,075
12.64
33.17
3.31
21.94
15.46
3.85
15.62
19.34
3.41
35.57
23.50
2.75
Price (Rupiah)
High
Low
Close
Close*
13.68
PER (X)
1.79
PER Industry (X)
4.06
PBV (X)
* Adjusted price after corporate action
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Closing Price* and Trading Volume

Astra Agro Lestari Tbk. [S]
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
27,000
23,250
23,400
23,250
24,200
23,950
23,800
23,700
22,850
22,200
22,950
22,900
Low
21,000
21,100
21,550
22,350
22,400
22,500
22,700
19,000
18,100
16,550
20,400
20,500
Close
21,700
21,850
22,700
23,150
23,600
23,500
23,500
21,500
19,300
21,450
22,400
21,700
(X)
17,601
12,465
13,880
9,975
12,117
7,249
7,950
11,095
11,760
15,106
9,018
7,255
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
25,800
25,750
27,900
29,475
29,850
29,350
28,175
26,700
26,050
23,500
25,450
24,550
20,650
21,250
24,400
25,125
26,600
26,050
25,600
25,500
22,775
19,250
22,775
22,350
21,475
25,500
26,000
29,400
27,325
28,175
26,700
25,500
23,000
23,500
24,000
24,250
44,874
32,016
42,550
36,774
32,492
26,838
36,013
30,897
36,936
49,512
32,960
33,746
40,059
37,535
37,625
29,006
30,003
28,216
35,895
41,565
42,691
57,643
31,250
27,072
875,810
879,827
991,848
788,587
842,728
770,842
954,698
1,087,452
1,018,059
1,222,233
749,632
634,605
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
26,150
26,500
26,525
24,300
27,525
25,850
26,000
23,150
23,275
23,150
19,500
20,050
21,325
19,675
23,250
24,650
24,300
20,350
24,800
22,950
20,075
27,912
29,712
26,722
26,871
33,350
32,679
30,222
24,553
29,124
25,084
28,559
38,857
24,454
23,184
601,935
726,319
637,986
638,079
974,137
576,705
550,225
21
19
22
21
19
21
19
(Thou. Sh.) (Million Rp)

40,233
959,441
25,441
564,248
691,672
30,884
24,194
552,655
29,036
686,010
14,836
343,715
17,996
417,329
21,690
471,543
18,119
375,898
26,569
494,785
13,667
300,152
214,498
9,946
21
18
23
20
21
20
21
19
20
21
22
21

Financial Data and Ratios
Book End : December
Public Accountant : Tanudiredja, Wibisana & Rekan (Member of PricewaterhouseCoopers Global Network)
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
838,190
227,769
709,090
611,181
653,897
TOTAL ASSETS AND LIABILITIES (Bill. Rp)
(Million Rp except Par Value)
Cash & Cash Equivalents
Assets
Receivables
16,358
50,068
20,554
47,451
103,480
Inventories
769,903
1,249,050
802,978
1,278,120
1,462,020
Current Assets
1,886,387
1,780,395
1,691,694
2,403,615
2,807,734
Fixed Assets
3,424,194
4,918,673
6,493,712 16,154,714
8,892,698
285,155
150,998
Other Assets
Total Assets
422,305
403,741
441,980
10,204,495 12,419,820 14,963,190 18,558,329 20,705,325
21.71%
20.48%
1,440,351
2,600,540
3,759,265
337,986
453,869
936,066
1,778,337
3,054,409
4,695,331
6,720,843
9,191,930
71.76%
53.72%
43.14%
36.77%
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
7,268,639
8,158,203
Total Equity
8,426,158
9,365,411 10,267,859 11,837,486 11,513,395
Growth (%)
Current Liabilities
Long Term Liabilities
Total Liabilities
Growth (%)
24.03%
Liabilities
21,250
17,000
12,750
8,500
11.57%
4,250
4,110,955
5,558,162
2,609,888
3,633,768
2011
2012
2013
2014
Jun-15
TOTAL EQUITY (Bill. Rp)

Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
INCOME STATEMENTS
Total Revenues
9.64%
15.29%
Dec-12
Dec-13
Dec-14
Jun-15
10,772,582 11,564,319 12,674,999 16,305,831
7,229,196
Dec-11
7.35%
Growth (%)
9.60%
-2.74%
28.65%
6,837,674
7,206,837
8,593,064 11,354,037
5,588,662
3,934,908
4,357,482
4,081,935
4,951,794
1,640,534
601,976
832,589
1,476,864
1,261,804
962,552
Tax
Jun-15
2,178
2012
2013
TOTAL REVENUES (Bill. Rp)

16,306
12,979
Income before Tax
2014
4,593
16,306
Growth (%)
Other Income (Expenses)
9,365
7,008
2011
Gross Profit
Operating Profit
8,426
11,513
-237
Cost of Revenues
Expenses (Income)
9,423
11,837
10,268
8,087,559 10,548,430 10,270,782
11.15%
Growth (%)
11,837
3,332,932
3,524,893
2,605,071
3,689,990
677,982
834,367
1,004,627
701,983
1,068,715
200,082
2,498,565
2,520,266
1,903,088
2,621,275
477,900
0.87%
-24.49%
37.74%
Growth (%)
10,773
11,564
12,675
9,653
7,229
6,327
3,000
Period Attributable
2,405,564
2,410,259
1,801,397
2,503,695
444,431
Comprehensive Income
2,498,565
2,453,654
1,936,250
2,584,645
504,011
Comprehensive Attributable
2,405,564
2,346,203
1,833,891
2,468,076
469,234
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
Current Ratio (%)
130.97
68.46
45.00
58.47
50.52
Dividend (Rp)
995.00
685.00
675.00
960.00
EPS (Rp)
1,527.59
1,530.57
1,143.93
1,589.91
282.22
BV (Rp)
5,350.81
5,947.26
6,520.33
7,517.08
7,311.28
DAR (X)
0.17
0.25
0.31
0.36
0.44
DER(X)
0.21
0.33
0.46
0.57
0.80
ROA (%)
24.48
20.29
12.72
14.12
2.31
ROE (%)
29.65
26.91
18.53
22.14
4.15
GPM (%)
36.53
37.68
32.20
30.37
22.69
RATIOS
OPM (%)
NPM (%)
23.19
21.79
15.01
16.08
6.61
Payout Ratio (%)
65.14
44.75
59.01
60.38
4.59
3.48
2.69
3.96
Yield (%)
-326
2011
2012
2013
2014
Jun-15
PROFIT FOR THE PERIOD (Bill. Rp)

2,621
2,499
2,621
2,520
1,903
2,087
1,552
1,017
478
482
-52
2011
2012
2013
2014
Jun-15
COMPANY REPORT
ADHI
ADHI KARYA (PERSERO) TBK.
Company Profile
ADHIhasmanagedtoshowitsabilityasaleadingconstructioncompanyinSoutheast
Asia,throughcompetitivenessandprovenexperiencebyrunningsuccessfulconstruction
projects.ADHIcouldnothaveachievedsuccesswithoutthesupportandparticipationof
thepublic.ADHIplaysanactiveroleindevelopingCSRprogramsaswellastheCompanys
PartnershipandEnvironmentalPreservationProgram.
InaccordancewiththeLongTermBusinessPlanofADHI20122016,theCompanyplans
forcorporateactivitiesinfivebusinesslinesinordertoincreasethevalueofADHI.Those
businesslinesareConstruction,EPC,Property,RealtyandInvestmentinInfrastructure.
InourcorebusinesslinesofconstructionandEPCservices,ourbusinessdevelopment
strategy is focused on continuously enhancing our professionalism through quality
productsandtimelydeliveries.Here,theroleofALC(ADHILearningCenter)comesinto
the forefront. ALC has been in operations for more than a year, and its benefits are
alreadyfelt.ThroughALC,ADHIpersonnelareequippedwiththepassiontoexcel,and
toalwaysstriveforqualitybyworkingintelligentlyandefficiently.Withsuchpassion,we
formanothersubsidiaryentityspecializeinbuildingconstructionAdhiPersadaGedung
(APG).
In addition to the Construction and EPC businesses, the Company has operated and
profitedfromthePropertyandRealtybusinessesthroughtwosubsidiaryentities,namely
AdhiPersadaProperti(APP)andAdhiPersadaRealti(APR).ExpandingfromtheProperty
businessbase,theCompanyhasalsomadeplanstodevelopfourstarhotelsinBlokM
area Jakarta, and Surabaya; and threestar hotels in Bekasi and Medan. This move is
designedtostrengthenourPropertybusinessstructureinthefuture,inadditiontoreap
thebenefitofrecurringincome.Meanwhile,intheRealtybusiness,weareadoptinga
strategy of not only developing landed houses, but also managing commercial areas
(malls,lifestylecentersandshoppingcomplexes)alsowiththeaimofstrengtheningour
recurring income. From the point of view of market demand, the need for precast
concrete has grown significantly in support of major infrastructure projects. Modern
projectmanagementalsorequiresapplicationsinprecastconcretetechnologythatcan
enhanceprojectexecutions,whetherintheformofconcretepilesorotherproducts.In
order to manage the business professionally, independent, and fast emerging, the
CompanyplantoestablishanewsubsidiarynamelyAdhiPersadaBeton(APB).
August 2015
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.
ADHI Adhi Karya (Persero) Tbk. [S]

Main Board
Industry Sector : Property, Real Estate And Building Construction (6)
Industry Sub Sector : Building Construction (62)
As of 31 July 2015
Individual Index
:
Listed Shares
:
1,533.333
1,801,320,000
4,143,036,000,000
152 | 4.14T | 0.08% | 92.10%

23 | 15.7T | 1.07% | 52.28%
COMPANY HISTORY
Established Date
: 11-Mar-1960
Listing Date
: 18-Mar-2004
Under Writer IPO :
PT Ciptadana Sekuritas
PT Datindo Entrycom
Puri Datindo - Wisma Sudirman
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220
Phone : (021) 570-9009
Fax
: (021) 570-9026
1. Imam Santoso Ernawi
2. Bobby AA. Nazief
3. Hironimus Hilapok *)
4. Muchlis R. Luddin *)
5. Rildo Ananda Anwar
6. Wicipto Setiadi
BOARD OF DIRECTORS
1. Kiswodarmawan
2. Adji Satmoko
3. Pundjung Setya Brata
4. Djoko Prabowo
5. Giri Sudaryono
6. Supardi

1. Negara Republik Indonesia
2. Public (<5%)
918,680,000 :
882,640,000 :
Bonus
Cash
Year
2003
2005
2005
2006
2008
2009
2010
2011
2012
2013
2014
Shares
Dividend
12.30
19.56
12.98
10.61
11.51
28.26
32.35
30.33
23.49
67.61
35.98
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
04-Apr-14
27-Mar-15
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
07-Apr-14
30-Mar-15
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
01-Apr-15
51.38%
48.62%
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
22-Apr-15
F
F
F
F
F
F
F
F
F
I
ISSUED HISTORY
No.
1.
2.
3.
4.
Type of Listing
First Issue
Company Listing
Employee Management Buy Out (EMBO)
Employee Stock Allocation (ESA)
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. Muchlis R. Luddin
2. Mukti Wibowo
3. Syaiful
CORPORATE SECRETARY
Ki Syahgolang Permata
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
: kiki@adhi.co.id

Closing
Price*
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-11
Jan-12
Jan-13
Jan-14
Jan-15

Property, Real Estate and Bulding Construction Index
330%
275%
220%
165%
150.0%
147.2%
110%
55%
28.8%
-55%
-110%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
1,468
989
87
247
2,209
2,571
105
246
5,112
11,472
341
244
6,662
18,415
667
242
2,935
8,734
418
142
930
435
580
580
2,100
570
1,760
1,760
4,000
1,460
1,510
1,510
3,625
1,425
3,480
3,480
3,870
1,910
2,300
2,300
14.84
17.34
2.68
6.70
9.57
1.76
46.54
16.29
4.10
29.41
17.42
2.57
Price (Rupiah)
High
Low
Close
Close*
5.72
PER (X)
11.09
PER Industry (X)
1.05
PBV (X)
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Adhi Karya (Persero) Tbk. [S]
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
930
850
850
900
830
800
820
720
610
580
520
640
Low
760
750
760
820
740
740
700
510
450
455
445
435
Close
790
830
840
820
780
800
710
580
510
530
460
580
(X)
4,882
3,295
6,687
14,093
5,278
3,127
6,361
6,573
4,259
6,873
13,367
11,915
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
1,850
2,390
3,110
3,335
3,340
3,150
3,420
3,230
3,160
2,920
2,810
3,625
1,425
1,755
2,275
2,675
2,950
2,620
2,725
3,025
2,740
2,320
2,435
2,780
1,780
2,340
2,995
2,985
3,130
2,785
3,110
3,070
2,765
2,755
2,780
3,480
34,825
51,624
53,545
86,169
50,309
45,534
77,411
40,426
30,838
58,999
56,416
81,342
523,862
769,177
573,781
890,637
514,322
320,944
678,458
298,984
165,105
424,212
568,723
933,533
885,065
1,595,184
1,597,729
2,676,720
1,636,032
925,441
2,147,006
938,382
494,676
1,142,279
1,501,669
2,875,053
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
3,780
3,870
3,475
3,180
2,940
2,540
2,795
3,320
3,330
2,990
2,680
2,490
1,910
2,010
3,695
3,440
3,055
2,765
2,505
2,020
2,300
64,117
64,269
49,578
47,276
43,538
59,436
89,892
576,447
520,481
297,973
291,008
232,483
343,741
672,513
2,067,005
1,843,502
949,746
876,099
639,163
745,375
1,613,341
21
19
22
21
19
21
19

113,072
95,505
75,255
60,185
98,898
80,322
172,522
148,957
95,026
75,050
53,179
40,725
100,864
75,362
119,233
70,518
60,629
33,605
84,676
45,079
134,909
65,650
198,452
359,328
21
18
23
20
21
20
21
19
20
21
22
21

Book End : December
Public Accountant : Aryanto, Amir Jusuf, Mawar & Saptoto (Member of RSM International)
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
552,203
948,846
1,939,960
811,412
799,984
Receivables
1,657,080
2,332,098
2,705,085
3,214,051
3,030,056
Inventories
68,562
116,552
161,560
132,014
165,353
Investment
197,644
62,804
60,034
45,250
329,883
Fixed Assets
220,861
187,437
271,257
496,096
594,384
65,081
27,893
30,547
BALANCE SHEET
Other Assets
Total Assets
Assets
18,154
34,248
6,112,954
7,872,074
28.78%
Growth (%)
9,720,962 10,458,882 11,609,234
23.49%
7,500
5,000
11.00%
2,500
-
192,017
200,920
211,800
771,500
1,520,632
3,132,496
4,276,690
4,767,420
4,923,213
4,885,315
Total Liabilities
5,122,586
6,691,155
8,172,499
8,707,338
9,994,483
30.62%
22.14%
6.54%
14.78%
Growth (%)
10,000
7.59%
Trade Payable
Bank Payable
Liabilities
12,500
2011
2012
2013
2014
Jun-15

Authorized Capital
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
Retained Earnings
790,784
943,642
1,307,301
1,509,579
1,529,997
Total Equity
990,368
1,180,919
1,548,463
1,751,543
1,614,751
19.24%
31.12%
13.11%
-7.81%

Par Value
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
6,695,112
7,627,703
9,799,598
8,653,578
3,212,033
13.93%
28.47%
-11.69%
Growth (%)
1,615
1,181
1,394
990
1,037
680
322
-35
2011
5,960,704
6,671,815
8,606,444
7,655,377
2,887,135
Gross Profit
799,042
1,043,220
1,247,711
1,016,588
324,899
Operating Expenses
385,498
531,378
425,009
278,322
95,454
Operating Profit
413,544
738,267
229,444
Cost of Revenues
1,752
1,548
1,752
2012
2013
Jun-15

9,800
8,654
9,800
Growth (%)
2014
7,628
7,800
-87,164
-88,526
-108,337
-143,714
-64,141
Income before Tax
326,380
423,315
714,365
594,553
165,303
Tax
143,687
209,998
305,927
267,896
94,582
182,693
213,318
408,438
326,657
70,721
16.76%
91.47%
-20.02%
Growth (%)
6,695
5,801
3,212
3,802
1,803
Period Attributable
182,116
211,590
405,977
324,071
70,436
182,727
213,651
409,862
326,616
42,904
182,150
211,924
407,401
324,031
42,620
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
30.33
23.49
67.61
35.98
EPS (Rp)
101.10
117.46
225.38
179.91
39.10
BV (Rp)
549.80
655.59
859.63
972.37
896.43
DAR (X)
0.84
0.85
0.84
0.83
0.86
DER(X)
5.17
5.67
5.28
4.97
6.19
ROA (%)
2.99
2.71
4.20
3.12
0.61
ROE (%)
18.45
18.06
26.38
18.65
4.38
GPM (%)
11.93
13.68
12.73
11.75
10.12
OPM (%)
6.18
8.53
7.14
Dividend (Rp)
NPM (%)
Payout Ratio (%)
Yield (%)
2.73
2.80
4.17
3.77
2.20
30.00
20.00
30.00
20.00
5.23
1.33
4.48
1.03
-196
2011
2012
2013
2014
Jun-15

408
408
327
325
242
183
213
158
71
75
-8
2011
2012
2013
2014
Jun-15
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.
AsatMarch31st,2015theGrouphad7,574permanentemployees.
August 2015
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
ADRO Adaro Energy Tbk. [S]
As of 31 July 2015
Main Board
Industry Sector : Mining (2)
Industry Sub Sector : Coal Mining (21)
Individual Index
:
Listed Shares
:
53.636
31,985,962,000
18,871,717,580,000
45 | 18.9T | 0.38% | 72.74%

34 | 13.1T | 0.89% | 62.87%
COMPANY HISTORY
Established Date
: 28-Jul-2004
Listing Date
: 16-Jul-2008
Under Writer IPO :
PT Danatama Makmur
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
1. Edwin Soeryadjaya
2. Palgunadi Tatit Setyawan *)
3. Raden Pardede *)
4. Subianto
5. Theodore Permadi Rachmat
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. Siswanto Prawiroatmodjo

1. PT Adaro Strategic Investments
2. Garibaldi Thohir
3. Public (<5%)
14,045,425,500 :
1,976,632,654 :
15,963,903,846 :
Bonus
Cash
Year
2008
2009
2009
2010
2010
2011
2011
2012
2012
2012
2013
2013
2014
2014
Shares
Dividend
11.80
12.00
17.00
9.85
20.50
USD 0.00235
USD 0.00575
USD 0.0013
USD 0.0011
USD 0.00126
USD 0.00125
USD 0.0011
USD 0.00094
USD 0.00142
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
26-May-14
24-Dec-14
30-Apr-15
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
28-May-14
29-Dec-14
04-May-15
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
02-Jun-14
02-Jan-15
06-May-15
43.91%
6.18%
49.91%
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
12-Jun-14
16-Jan-15
27-May-15
F
I
F
I
F
I
F
I
I
F
I
F
I
F
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
Mahardika Putranto
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
: mahardika.putranto@ptadaro.com
corsec@ptadaro.com
11

Closing
Price*
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-11
Jan-12
Jan-13
Jan-14
Jan-15

Mining Index
60%
40%
28.8%
20%
-20%
-40%
-60%
-71.3%
-77.9%
-80%
-100%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
16,314
35,887
500
247
11,350
18,253
392
246
13,864
15,019
469
244
15,254
16,751
730
242
6,986
6,282
382
142
2,900
1,430
1,770
1,770
2,025
1,180
1,590
1,590
1,770
640
1,090
1,090
1,390
870
1,040
1,040
1,050
550
590
590
13.78
8.49
1.76
12.29
20.76
0.89
9.27
3.23
0.81
6.06
-10.63
0.43
Price (Rupiah)
High
Low
Close
Close*
11.16
PER (X)
16.17
PER Industry (X)
2.56
PBV (X)
12
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Adaro Energy Tbk. [S]
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
2,900
2,500
2,475
2,350
2,475
2,500
2,700
2,700
2,125
2,150
2,150
2,025
Low
2,225
2,250
2,175
2,200
2,200
2,250
2,450
1,990
1,430
1,500
1,830
1,730
Close
2,250
2,450
2,200
2,200
2,450
2,450
2,650
2,025
1,720
2,025
1,910
1,770
(X)
43,230
28,318
46,772
37,572
48,050
19,872
20,831
44,376
63,571
63,762
41,895
41,384
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
1,110
995
1,040
1,205
1,320
1,340
1,210
1,350
1,390
1,185
1,150
1,145
870
880
945
930
1,100
1,130
1,080
1,170
1,150
920
980
995
950
995
980
1,185
1,225
1,175
1,185
1,315
1,175
1,135
1,080
1,040
67,166
52,885
59,759
55,961
60,224
59,842
58,308
67,428
58,209
87,590
55,494
47,125
1,717,526
1,197,188
1,369,759
1,295,481
1,439,612
1,173,729
1,079,081
1,186,836
927,416
1,641,955
1,174,713
1,050,501
1,651,052
1,126,593
1,357,397
1,355,337
1,768,558
1,460,502
1,241,003
1,515,182
1,196,582
1,706,381
1,247,984
1,123,969
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
1,050
1,025
1,035
990
940
925
775
925
940
935
835
835
755
550
1,000
960
950
875
860
760
590
70,943
53,979
61,722
49,786
42,790
44,264
58,960
1,137,115
1,400,629
1,137,398
716,447
883,826
547,730
1,163,030
1,117,884
1,385,742
1,117,337
686,954
789,582
454,253
730,274
21
19
22
21
19
21
19

1,713,532 4,350,610
1,202,450 2,872,429
1,404,886 3,245,738
1,105,133 2,502,053
1,735,498 4,063,096
834,507 2,009,815
1,032,290 2,644,882
1,384,272 3,166,937
1,819,818 3,335,150
1,830,149 3,396,335
1,180,537 2,322,064
1,070,469 1,977,409
21
18
23
20
21
20
21
19
20
21
22
21

Public Accountant : Tanudiredja, Wibisana, Rintis & Rekan (Member of PricewaterhouseCoopers Global Network)
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
5,067,851
4,838,559
8,354,692
9,267,904
9,169,643
Receivables
4,396,801
4,692,058
3,822,657
3,571,196
3,828,230
Inventories
475,345
623,589
1,260,706
1,203,096
1,097,997
BALANCE SHEET
Assets
Current Assets
11,765,957 13,672,171 16,820,685 15,814,016 15,303,669
Fixed Assets
12,988,087 17,106,385 20,930,154 20,104,075 20,377,095
Other Assets
Total Assets
125,873
96,226
248,811
268,605
289,544
51,315,458 64,714,116 82,623,566 79,760,127 82,725,433
Growth (%)
Current Liabilities
Book End : December
7,065,795
52,500
35,000
27.67%
-3.47%
3.72%
17,500
8,695,486
9,493,041
9,632,863
8,028,917
22,103,586 27,056,457 33,927,838 29,608,935 30,190,047
Total Liabilities
29,169,380 35,751,943 43,420,880 39,241,798 38,218,964
Growth (%)
70,000
26.11%
22.57%
21.45%
-9.62%
-2.61%
Liabilities
87,500
2011
2012
2013
2014
Jun-15

Authorized Capital
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

Par Value
Retained Earnings
Total Equity
22,146,078 28,962,172 39,202,687 40,518,329 44,506,469
INCOME STATEMENTS
Dec-11
30.78%
35.36%
3.36%
9.84%
Dec-12
Dec-13
Dec-14
Jun-15
-0.45%
11.98%
2.60%
2013
2014
28,962
26,348
22,146
17,269
8,189
-890
2011
Cost of Revenues
23,205,121 25,914,314 31,238,880 32,401,302 14,661,720
Gross Profit
12,952,668 10,082,155
9,069,812
8,953,920
3,986,228
1,313,246
1,994,321
2,514,135
2,816,095
1,022,484
11,639,422
8,087,833
6,555,677
6,137,825
2,963,744
-30.51%
-18.94%
-6.37%
-2,547,745
-1,186,122
-1,411,062
-2,091,648
-318,661
Income before Tax
9,091,677
6,901,711
5,144,615
4,046,177
2,645,082
Tax
4,085,207
3,195,132
2,331,558
1,763,674
1,057,548
5,006,470
3,706,579
2,813,057
2,282,503
1,587,535
-25.96%
-24.11%
-18.86%
Operating Profit
40,518
36,157,789 35,996,469 40,308,692 41,355,222 18,647,948
Growth (%)
Expenses (Income)
39,203
35,427
8,542,056 10,314,612 14,940,038 16,287,516 18,459,661
Growth (%)
Total Revenues
44,506
44,506
Growth (%)
2012
Jun-15

40,309
41,355
36,158
41,355
35,996
32,919
Growth (%)
24,482
18,648
16,046
7,609
Period Attributable
4,990,610
3,726,305
2,837,204
2,215,623
1,588,508
5,073,546
3,691,474
2,765,793
-1,823,491
1,686,338
5,057,940
3,711,201
2,774,247
1,836,934
1,697,617
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
166.52
157.23
177.19
164.17
190.61
RATIOS
Current Ratio (%)
75.01
35.15
28.77
30.24
EPS (Rp)
156.03
116.50
88.70
69.27
49.66
BV (Rp)
692.37
905.47
1,225.62
1,266.75
1,391.44
DAR (X)
0.57
0.55
0.53
0.49
0.46
DER(X)
1.32
1.23
1.11
0.97
0.86
ROA (%)
9.76
5.73
3.40
2.86
1.92
ROE (%)
22.61
12.80
7.18
5.63
3.57
GPM (%)
35.82
28.01
22.50
21.65
21.38
OPM (%)
32.19
22.47
16.26
14.84
15.89
NPM (%)
13.85
10.30
6.98
5.52
8.51
Payout Ratio (%)
48.08
30.17
32.43
43.66
4.24
2.21
2.64
2.91
Dividend (Rp)
Yield (%)
-827
2011
2012
2013
2014
Jun-15

5,006
5,006
3,707
3,985
2,813
2,964
2,283
1,588
1,943
921
-100
2011
2012
2013
2014
Jun-15
13
COMPANY REPORT
AKRA
AKR CORPORINDO TBK.
Company Profile
The Companys scope of activities comprises of chemical industry, general trading and
distribution of primarily chemical products and petroleum products and gas, engaging in
thelogisticsbusiness,transportation(includingforownuseandfortransportoperationsby
land or sea and operations of pipe for sea transportation infrastructure), rental of
warehousesandstoragetanks,includingworkshop,expeditionandpackaging,conducting
abusinessandactingasarepresentativeand/oranagent,withdistributorshipagreements
withforeignandlocalentities,contractorsandotherservicesexceptlegalservices.
TheCompanyiscurrentlyengagedinthedistributionofpetroleumproductstoindustrial
customers, distribution and trading of chemical products (such as caustic soda, sodium
sulphate, PVC resin and soda ash) used by various industries in Indonesia in accordance
with distributorship agreements with foreign and local manufacturers, rental of
warehouses,transportationvehicles,tanksandotherlogisticservices.
TheCompanystarteditscommercialoperationsinJune1978.
The Company is domiciled at Wisma AKR, 8th Floor, JIn. Panjang No. 5, Kebon Jeruk,
Jakarta.ItsmajorbranchofficeislocatedatJIn.SumatraNo.5153,Surabaya.Othersales
offices also the tank terminals are located in Medan, Palembang, Lampung, Ciwandan
(Banten), Bandung, Semarang, Pontianak, Balikpapan, Banjarmasin, Stagen (South
Kalimantan),Makassar,ManadoandBali.TheCompanyalsohasarepresentativeofficein
Guigang,China.
August 2015
Disclaimer:
14
AKRA AKR Corporindo Tbk. [S]
As of 31 July 2015
Main Board
Industry Sector : Trade, Services & Investment (9)
Industry Sub Sector : Wholesale (Durable & Non-Durable Goods) (91)
Individual Index
:
Listed Shares
:
4,582.732
3,939,712,574
22,653,347,300,500
39 | 22.7T | 0.46% | 70.39%

44 | 10.9T | 0.74% | 70.66%
COMPANY HISTORY
Established Date
: 28-Nov-1977
Listing Date
: 03-Oct-1994
Under Writer IPO :
PT Lippo Securities
Phone : (021) 252-5666
Fax
: (021) 252-5028
1. Soegiarto Adikoesoemo
2. I Nyoman Mastra *)
3. Mahendra Siregar
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
8. Ter Murti Tiban
AUDIT COMMITTEE
1. I Nyoman Mastra
2. Ngurah Gede
3. Sahat Pardede
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

1. PT Arthakencana Rayatama
2. Public (<5%)
2,307,906,120 :
1,631,806,454 :
Bonus
Cash
Year
1995
1994
1995
1995
1995
1996
2002
2003
2005
2005
2006
2007
2008
2009
2010
2010
2010
2011
2011
2012
2012
2013
2013
2014
2014
2015
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
65.00
50.00
80.00
100.00
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
05-Jun-14
09-Sep-14
12-May-15
07-Aug-15
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
10-Jun-14
12-Sep-14
18-May-15
12-Aug-15
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
06-Jun-14
10-Sep-14
13-May-15
08-Aug-15
58.59%
41.41%
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
24-Jun-14
26-Sep-14
29-May-15
21-Aug-15
F/I
I
F
I
B
F
F
F
F
F
F
F
F
F
I
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.
13.
14.
15.
16.
17.
18.
19.
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
Opsi MSOP Conversion II, III, IV

Opsi MSOP Conversion IV
Opsi MSOP Conversion III, IV, V
Opsi MSOP Conversion III
Opsi MSOP Conversion IV, V
MSOP V (2011) 3, I (2012) 2, I (2013) 1
MSOP V (2011) 3, I (2012) 2, II (2013) 1
MSOP I (2012) 2, II (2013) 1

MSOP I (2012) 3, MSOP II (2013) 2
MSOP I (2012) 3, MSOP II (2013) 2, MSOP 2014
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
22,714,000
9,996,174
200,000
20,525,500
5,549,400
T:
T:
T:
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
04-Apr-14
07-Oct-14
09-Oct-14
06-Apr-15
08-Apr-15
:
:
:
:
:
:
:
:
:
:
:
:
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
11-Apr-14
07-Oct-14
09-Oct-14
07-Apr-15
10-Apr-15
15

Closing
Price*
Volume
(Mill. Sh)
6,200
48.0
5,425
42.0
4,650
36.0
3,875
30.0
3,100
24.0
2,325
18.0
1,550
12.0
775
6.0
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

Trade, Sevices and Investment Index
280%
240%
238.2%
200%
160%
120%
95.8%
80%
40%
28.8%
-40%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
4,083
9,005
265
247
3,297
12,604
275
246
2,637
12,158
251
244
2,141
9,991
385
242
1,278
6,522
217
142
Price (Rupiah)
High
Low
Close
Close*
3,250
1,350
3,025
3,025
4,700
3,000
4,150
4,150
6,100
3,475
4,375
4,375
5,825
3,950
4,120
4,120
6,225
4,110
5,750
5,750
21.15
19.08
3.80
26.19
15.42
3.17
20.90
22.13
2.84
18.71
16.33
3.21
22.62
PER (X)
16.89
PER Industry (X)
3.23
PBV (X)
16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

AKR Corporindo Tbk. [S]
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
1,730
1,630
1,660
1,720
1,840
2,200
3,125
3,100
2,775
3,125
3,250
3,075
Low
1,390
1,350
1,420
1,450
1,580
1,770
2,100
2,450
2,150
2,200
2,750
2,900
Close
1,440
1,560
1,470
1,710
1,840
2,125
3,050
2,650
2,400
3,025
2,850
3,025
(X)
21,826
13,847
22,274
21,474
19,868
13,270
24,160
33,390
21,997
22,226
24,988
25,252
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
4,820
4,625
5,200
5,200
4,750
4,640
4,750
5,375
5,825
5,475
4,950
4,680
4,175
4,200
4,490
4,625
4,125
4,175
4,255
4,400
5,050
4,700
4,540
3,950
4,400
4,560
4,835
4,770
4,125
4,330
4,400
5,250
5,450
4,925
4,650
4,120
32,248
34,928
30,860
34,583
30,225
26,447
26,710
25,846
28,569
29,475
30,471
54,597
151,840
187,729
182,352
161,251
175,805
178,895
188,850
165,098
160,850
160,511
192,944
234,929
680,984
840,663
874,778
781,369
789,077
790,700
855,524
786,913
853,493
796,156
900,889
1,040,676
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
4,750
4,920
5,200
5,675
5,775
6,225
6,100
4,110
4,565
4,800
4,960
5,000
5,100
5,200
4,695
4,870
5,125
5,200
5,475
5,925
5,750
50,776
27,389
24,742
32,243
22,396
24,500
34,681
274,374
161,693
198,686
261,347
111,597
114,486
155,464
1,245,406
768,346
999,074
1,384,596
601,606
645,479
877,200
21
19
22
21
19
21
19

383,691
600,618
339,089
227,243
343,580
527,701
394,286
615,401
352,872
589,727
258,481
495,557
378,575
948,766
463,554 1,302,769
339,598
863,164
282,903
759,571
317,985
950,762
339,968 1,011,851
21
18
23
20
21
20
21
19
20
21
22
21

Book End : December
Public Accountant : Purwantono, Suherman & Surja (Member of Ernst & Young Global Limited)
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
1,329,789
1,884,943
820,065
896,591
1,222,825
Receivables
2,189,012
3,224,397
4,351,773
4,350,615
4,411,095
Inventories
1,250,135
1,415,169
1,823,246
934,877
1,036,754
Current Assets
5,239,361
7,414,601
7,723,315
6,719,745
7,756,125
Fixed Assets
2,437,215
3,177,350
4,226,692
4,390,207
4,522,826
40,371
24,372
20,218
21,220
17,761
BALANCE SHEET
Other Assets
Total Assets
Assets
8,308,244 11,787,525 14,633,141 14,791,917 15,513,036
41.88%
Growth (%)
Current Liabilities
Total Liabilities
9,750
6,500
1.09%
4.88%
3,250
-
5,142,386
6,593,292
6,183,756
5,670,401
873,528
2,435,399
2,676,688
2,646,978
2,778,241
4,733,540
7,577,785
9,269,980
8,830,735
8,448,642
60.09%
22.33%
-4.74%
-4.33%
Growth (%)
13,000
24.14%
3,860,012
Liabilities
16,250
2011
2012
2013
2014
Jun-15

Authorized Capital
750,000
750,000
750,000
750,000
750,000
Paid up Capital
382,199
385,144
388,073
391,364
393,971
3,822
3,851
3,881
3,914
3,940
100
100
100
100
100

Par Value
Retained Earnings
2,222,920
2,931,851
3,289,047
3,845,417
4,332,467
Total Equity
3,574,704
4,209,740
5,363,161
5,961,183
7,064,394
17.76%
27.40%
11.15%
18.51%
Dec-12
Dec-13
Dec-14
Jun-15
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
15.25%
3.06%
0.58%
5,623
4,210
4,182
3,575
2,741
1,300
17,787,552 20,412,678 20,970,288 20,736,407
-141
2011
1,261,276
1,367,641
1,731,920
1,149,310
Expenses (Income)
302,869
430,920
600,059
695,937
360,496
Operating Profit
715,529
830,356
767,582
1,063,170
788,814
16.05%
-7.56%
38.51%
Growth (%)
2012
2013
2014
Jun-15
9,123,673
1,018,398
Gross Profit
5,363
5,961
18,805,950 21,673,954 22,337,928 22,468,328 10,272,983
Growth (%)
Cost of Revenues
7,064
7,064

21,674
22,338
22,468
22,468
18,806
17,885
24,443
-20,673
-37,581
-69,826
-6,266
Income before Tax
739,972
809,682
733,053
993,344
782,548
Tax
145,838
190,849
117,426
202,780
152,207
2,284,080
618,833
615,627
790,563
630,342
-72.91%
-0.52%
28.42%
Growth (%)
13,301
10,273
8,718
4,134
Period Attributable
2,293,427
649,314
648,250
810,094
605,242
2,331,631
755,870
980,588
739,586
674,053
2,339,138
775,371
969,250
756,333
632,426
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
135.73
144.19
117.14
108.67
136.78
Dividend (Rp)
225.00
105.00
115.00
130.00
100.00
EPS (Rp)
600.06
168.59
167.04
206.99
153.63
BV (Rp)
935.30
1,093.03
1,382.00
1,523.18
1,793.12
DAR (X)
0.57
0.64
0.63
0.60
0.54
DER(X)
1.32
1.80
1.73
1.48
1.20
RATIOS
Current Ratio (%)
ROA (%)
27.49
5.25
4.21
5.34
4.06
ROE (%)
63.90
14.70
11.48
13.26
8.92
GPM (%)
5.42
5.82
6.12
7.71
11.19
OPM (%)
3.80
3.83
3.44
4.73
7.68
NPM (%)
12.15
2.86
2.76
3.52
6.14
Payout Ratio (%)
37.50
62.28
68.84
62.80
65.09
7.44
2.53
2.63
3.16
1.69
Yield (%)
-449
2011
2012
2013
2014
Jun-15

2,284
2,284
1,818
1,352
886
619
616
2012
2013
791
630
420
-46
2011
2014
Jun-15
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.
The Companyss largest shareholder is Jardine Cycle & Carriage Ltd. is a subsidiary of
JardineMahesonHoldingsLtd,acompanyincorporatedinBermuda.
Asat30June2015,theCompanyanditssubsidiarieshad156,127employees.
August 2015
Disclaimer:
18
ASII
Astra International Tbk. [S]
As of 31 July 2015
Main Board
Industry Sector : Miscellaneous Industry (4)
Industry Sub Sector : Automotive And Components (42)
4,755.537
Individual Index
:
Listed Shares
40,483,553,140
:
Market Capitalization : 269,215,628,381,000
5 | 269.2T | 5.43% | 31.37%

4 | 63.3T | 4.30% | 20.26%
COMPANY HISTORY
Established Date
: 20-Feb-1957
Listing Date
: 04-Apr-1990
Under Writer IPO :
PT Danareksa Sekuritas
Phone : (021) 252-5666
Fax
: (021) 252-5028
1. Budi Setiadharma
2. Anthony John Liddell Nightingale
3. Benjamin William Keswick
4. Chiew Sin Cheok
5. David Alexander Newbigging
6. Jonathan Chang
7. Kyoichi Tanada *)
8. Mari Elka Pangestu *)
9. Mark Spencer Greenberg
10. Muhamad Chatib Basri *)
11. Sidharta Utama *)
BOARD OF DIRECTORS
1. Prijono Sugiarto
2. Bambang Widjanarko Santoso
3. Djoko Pranoto
4. Djony Bunarto Tjondro
5. Gunawan Geniusahardja
6. Johannes Loman
7. Simon Collier Dixon
8. Sudirman Maman Rusdi
9. Suparno Djasmin
10. Widya Wiryawan
AUDIT COMMITTEE
1. Muhamad Chatib Basri
2. Chiew Sin Cheok
3. Harry Wiguna
4. Inget Sembiring
CORPORATE SECRETARY
Gita Tiffany Boer
HEAD OFFICE
AMDI Building
Jln. Gaya Motor Raya No. 8 Sunter
Jakarta
Phone : (021) 653-10418
Fax
: (021) 653-04957
Homepage
Email

1. Jardine Cycle & Carriage Limited
2. Public (<5%)
20,288,255,040 :
20,195,298,100 :
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
2013
2014
2014
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
152.00
64.00
152.00
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
22-May-14
14-Oct-14
06-May-15
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
28-May-14
17-Oct-14
11-May-15
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
23-May-14
15-Oct-14
07-May-15
50.11%
49.89%
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
12-Jun-14
31-Oct-14
29-May-15
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
F
I
F
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-11
Jan-12
Jan-13
Jan-14
Jan-15

Miscellaneous Industry Index
60%
50%
40%
30%
28.8%
22.2%
21.5%
20%
10%
-10%
-20%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
1,245
74,318
532
247
6,209
73,719
610
246
9,508
66,334
669
244
9,828
71,070
928
242
5,328
40,339
518
142
Price (Rupiah)
High
Low
Close
Close*
75,950
45,250
74,000
7,400
79,650
6,250
7,600
7,600
8,300
5,100
6,800
6,800
8,050
6,225
7,425
7,425
8,575
6,325
6,650
6,650
13.70
18.33
3.43
14.18
13.91
2.59
15.56
14.44
2.60
16.72
19.85
2.18
14.03
PER (X)
12.24
PER Industry (X)
3.95
PBV (X)
20
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
55,050
53,450
58,250
58,500
62,150
64,250
75,950
72,750
71,800
70,000
72,000
75,000
Low
45,250
47,400
52,300
53,600
55,800
55,950
64,600
60,850
55,000
57,300
65,500
68,300
Close
48,900
52,050
57,000
56,150
58,750
63,550
70,500
66,150
63,650
69,000
70,900
74,000
(X)
64,822
38,264
40,364
35,963
31,103
29,158
35,960
67,327
64,076
51,096
40,280
33,641
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
7,400
7,000
8,000
8,050
7,800
7,525
8,050
8,000
7,750
7,075
7,200
7,475
6,250
6,225
6,725
7,350
7,075
7,075
7,325
7,550
6,950
6,325
6,700
6,850
6,425
6,950
7,375
7,425
7,075
7,275
7,725
7,575
7,050
6,775
7,125
7,425
86,235
81,243
94,022
91,055
76,478
72,784
70,195
67,060
71,620
92,669
59,454
65,313
784,137
984,624
1,300,924
1,107,076
925,623
680,106
797,969
493,646
652,110
963,442
514,457
623,730
5,339,224
6,596,656
9,611,270
8,532,595
6,955,904
4,942,665
6,102,553
3,789,351
4,783,683
6,379,608
3,588,238
4,447,913
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
8,100
8,175
8,575
8,575
7,950
7,350
7,150
7,000
7,450
7,800
6,700
6,950
6,550
6,325
7,850
7,850
8,575
6,850
7,300
7,075
6,650
80,784
72,728
77,266
81,463
64,001
79,359
62,675
804,490
692,429
1,094,749
962,611
657,248
735,267
381,032
6,050,554
5,401,520
8,817,908
7,475,288
4,891,329
5,126,440
2,576,235
21
19
22
21
19
21
19

188,808 9,245,116
146,051 7,289,652
99,865 5,492,743
91,805 5,134,338
79,319 4,668,750
74,147 4,395,238
84,447 5,852,767
133,636 9,085,095
121,029 7,758,524
100,835 6,582,050
67,618 4,676,338
57,371 4,137,042
21
18
23
20
21
20
21
19
20
21
22
21
ASII
Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
Assets
13,111,000 11,055,000 18,557,000 20,902,000 20,007,000
Receivables
37,405,000 38,608,000 51,645,000 54,759,000 55,468,000
Inventories
11,990,000 15,285,000 14,433,000 16,986,000 16,924,000
Current Assets
65,978,000 75,799,000 88,352,000 97,241,000 98,223,000
Fixed Assets
28,604,000 34,326,000 37,862,000 41,250,000 41,932,000
Other Assets
Total Assets
1,043,000
1,824,000
2,490,000
2,869,000
3,110,000
153,521,000 182,274,000 213,994,000 236,029,000 242,753,000
18.73%
10.30%
150,000
100,000
50,000
Current Liabilities
48,371,000 54,178,000 71,139,000 73,523,000 72,842,000

29,312,000 38,282,000 36,667,000 42,182,000 46,280,000

Total Liabilities
77,683,000 92,460,000 107,806,000 115,705,000 119,122,000
Growth (%)
17.40%
200,000
2.85%
Growth (%)
19.02%
16.60%
7.33%
2.95%
Liabilities
250,000
2011
2012
2013
2014
Jun-15

Authorized Capital
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
40,484
40,484
40,484
40,484
500
50
50
50
50

Par Value
Retained Earnings
55,628,000 66,289,000 77,076,000 87,459,000 89,242,000
Total Equity
75,838,000 89,814,000 106,188,000 120,324,000 123,631,000
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
18.23%
13.31%
2.75%
Dec-12
Dec-13
Dec-14
Jun-15
15.68%
3.10%
4.03%
123,631
2014
Jun-15
89,814
98,410
75,838
73,190
47,969
22,748
-2,473
2011
2012
2013
130,530,000 151,853,000 158,569,000 162,892,000 74,587,000
Gross Profit
32,034,000 36,200,000 35,311,000 38,809,000 17,918,000
Expenses (Income)
14,202,000
8,302,000
Operating Profit
120,324
106,188
162,564,000 188,053,000 193,880,000 201,701,000 92,505,000
Growth (%)
Cost of Revenues
18.43%
123,631
7,788,000 11,457,000
6,209,000

188,053
201,701
Growth (%)
193,880
201,701
162,564
160,554

Income before Tax
Tax
25,772,000 27,898,000 27,523,000 27,352,000 12,073,000

5,226,000
5,227,000
2,315,000
21,077,000 22,742,000 22,297,000 22,125,000
9,758,000
4,695,000
5,156,000
7.90%
Growth (%)
-1.96%
119,407
92,505
78,260
-0.77%
37,113
Period Attributable
17,785,000 19,421,000 19,417,000 19,181,000
21,348,000 22,460,000 23,708,000 22,151,000 10,517,000
18,058,000 19,053,000 20,137,000 18,867,000
RATIOS
Current Ratio (%)
Dividend (Rp)
8,052,000
2011
2012
2013
2014
Jun-15
8,840,000
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
136.40
139.91
124.20
132.26
134.84
1,980.00
216.00
216.00
216.00
EPS (Rp)
4,393.14
479.73
479.63
473.80
198.90
BV (Rp)
18,733.04
2,218.53
2,622.99
2,972.17
3,053.86
DAR (X)
0.51
0.51
0.50
0.49
0.49
DER(X)
1.02
1.03
1.02
0.96
0.96
ROA (%)
13.73
12.48
10.42
9.37
4.02
ROE (%)
27.79
25.32
21.00
18.39
7.89
GPM (%)
19.71
19.25
18.21
19.24
19.37
OPM (%)
NPM (%)
12.97
12.09
11.50
10.97
10.55
Payout Ratio (%)
45.07
45.03
45.04
45.59
2.68
2.84
3.18
2.91
Yield (%)
-4,034

21,077
22,742
22,297
22,125
18,103
13,463
9,758
8,824
4,185
-455
2011
2012
2013
2014
Jun-15
21
COMPANY REPORT
ASRI
ALAM SUTERA REALTY TBK.
Company Profile
PT Alam Sutera Realty Tbk. was established on November 3rd, 1993. The Company
commenceditsoperationalactivityandpurchasedthelandin1999.
TheCompanysactivitiesaredevelopingandmanagehousing.GroupisdomiciledatWisma
Argo Manunggal, Jln. Jend. Gatot Subroto Kav. 22, Jakarta and has real estate projects
whicharelocatedin:
Kec. Serpong, Kab. Tangerang, and Kec. Pasar Kemis, Kab. Tangerang, Province
Banten,
Kec.Cibitung,KabBekasi,ProvinceWestJava,
Kec.SetiaBudi,JakartaSelatan,
Kec.KutaSelatan,Badung,Bali.
Andownslandsfordevelopmentlocatedin:
Kec.Pinang,Kec.PasarKemis,Kab.Tangerang,ProvinceBanten,
Kec.Pacet,Kab.Cianjur,ProvinceWestJava
Kec.TanjungPinang,ProvinceRiau,
Kec.DenpasarSelatanandBadung,Bali.
The main real estate project owned by the Company and Subsidiaries recently are Alam
Sutera Residential and Commercial projects in Serpong, and Suvarna Padi and Suvarna
SuteraprojectsinPasarKemis,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, PT
Tangerang Matra Real Estate, Alam Sutera International Pte. Ltd., and Alam Synergy Pte.
Ltd.
TheCompanyandsubsidiarieshad1,463employeesasof30June2015.
August 2015
Disclaimer:
22
ASRI Alam Sutera Realty Tbk. [S]

Main Board
Industry Sub Sector : Property And Real Estate (61)
As of 31 July 2015
Individual Index
:
Listed Shares
:
480.952
19,649,411,888
9,922,953,003,440
84 | 9.92T | 0.20% | 83.42%

36 | 12.4T | 0.84% | 64.58%
COMPANY HISTORY
Established Date
: 03-Nov-1993
Listing Date
: 18-Dec-2007
Under Writer IPO :
PT Ciptadana Securities
Phone : (021) 252-5666
Fax
: (021) 252-5028
1. Harjanto Tirtohadiguno
2. Angeline Sutedja
3. The Nicholas
4. Pingki Elka Pangestu *)
5. Prasasto Sudyatmiko *)
BOARD OF DIRECTORS
1. Purbaja Pantja
2. Andrew Charles Walker
3. Benny Redjo Setyono
4. Joseph Sanusi Tjong
5. Lilia Setiprawarti Sukotjo
6. RM Frangky AD
AUDIT COMMITTEE
1. Prasasto Sudyatmiko
2. Hidajat Hoesni
3. Sri Wahyuni Sujono
CORPORATE SECRETARY
Vincent T.W. Sjahbana
HEAD OFFICE
Wisma Argo Manunggal 18th Fl.
Jln. Jend. Gatot Subroto Kav. 22
Jakarta 12930
Phone : (021) 3043-8888, 252-3838
Fax
: (021) 252-5050
Homepage
Email

1. PT Manunggal Prime Development
2. Tangerang Fajar Industrial Estate
3. PT Tangerang Fajar Industrial Estate
4. Public (<5%)
4,996,390,364
2,982,450,000
1,971,650,000
9,698,921,524
Bonus
Cash
Year
2008
2009
2010
2011
2012
2014
Shares
Dividend
0.69
1.05
4.03
6.13
14.60
7.00
Cum Date
03-Jul-09
20-Jul-10
01-Jul-11
05-Jul-12
25-Jun-13
30-Jun-15
Ex Date
06-Jul-09
21-Jul-10
04-Jul-11
06-Jul-12
26-Jun-13
01-Jul-15
Recording
Date
09-Jul-09
23-Jul-10
06-Jul-11
10-Jul-12
28-Jun-13
03-Jul-15
:
:
:
:
25.43%
15.18%
10.03%
49.36%
Payment
Date
24-Jul-09
06-Aug-10
20-Jul-11
24-Jul-12
12-Jul-13
24-Jul-15
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.
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
ASRI Alam Sutera Realty Tbk. [S]

Closing
Price*
Volume
(Mill. Sh)
1,200
4,000
1,050
3,500
900
3,000
750
2,500
600
2,000
450
1,500
300
1,000
150
500
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

280%
240%
200%
160%
147.2%
120%
80%
65.6%
40%
28.8%
-40%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
20,150
7,571
244
247
29,410
15,370
297
246
31,672
24,781
511
244
22,540
12,104
545
242
13,047
7,873
264
142
500
225
460
460
650
410
600
600
1,160
425
430
430
680
424
560
560
700
500
505
505
9.69
17.34
2.49
9.64
9.57
1.58
10.08
16.29
1.81
222.43
17.42
1.47
Price (Rupiah)
High
Low
Close
Close*
13.63
PER (X)
11.09
PER Industry (X)
2.95
PBV (X)
24
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Alam Sutera Realty Tbk. [S]
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
310
255
290
305
325
345
450
450
440
500
470
480
Low
230
225
240
265
280
305
315
360
340
340
395
430
Close
245
245
285
295
310
325
420
420
385
435
425
460
(X)
19,196
9,005
12,373
10,749
12,896
12,324
21,840
24,237
25,423
45,657
31,786
18,406
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
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
550
605
680
645
550
499
560
570
510
490
565
610
424
500
560
525
494
435
440
497
451
430
444
497
510
575
595
530
500
442
525
510
455
464
560
560
53,655
46,156
54,398
44,870
34,759
38,963
53,818
36,313
40,311
49,400
43,394
48,903
2,182,118
2,449,458
2,986,797
1,895,164
1,321,748
782,146
2,225,772
1,908,074
906,677
1,057,391
1,656,102
3,168,955
1,083,703
1,364,848
1,854,302
1,085,403
683,943
360,303
1,155,784
1,010,420
442,646
484,283
834,439
1,743,856
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
620
700
675
680
675
625
585
550
585
525
545
600
500
505
595
670
555
615
600
575
505
29,139
36,985
61,613
36,708
28,356
39,772
31,143
1,821,531
2,518,964
2,758,825
2,218,790
1,153,314
1,309,474
1,266,002
1,069,965
1,623,053
1,604,821
1,396,763
745,260
732,783
700,001
21
19
22
21
19
21
19

1,651,106
445,752
590,906
142,983
937,975
249,543
1,006,591
287,673
1,311,172
398,549
1,143,722
370,811
2,374,352
899,084
2,168,218
894,522
2,016,360
811,334
3,459,789 1,508,461
2,106,554
934,363
628,154
1,383,018
21
18
23
20
21
20
21
19
20
21
22
21
ASRI AlamSuteraRealtyTbk.[S]
Book End : December
Public Accountant : Paul Hadiwinata, Hidajat, Arsono, Ade Fatma & Rekan (Member of PKF International Ltd)
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
844,906
1,641,316
890,181
880,754
536,217
Assets
Receivables
21,596
29,721
84,690
192,197
155,341
Inventories
2,395,213
1,661,094
937,153
930,602
1,331,356
Investment
341,514
708,121
801,678
957,762
1,062,471
806,319
11,619
61,186
74,140
79,577
Fixed Assets
Other Assets
Total Assets
6,007,548 10,946,417 14,428,083 16,924,367 17,209,828
82.21%
Growth (%)
31.81%
17.30%
7,000
554,227
795,658
45,000
230,000
300,000
35,519
35,257
165,089
160,587
305,068
3,220,676
6,214,543
Growth (%)
10,500
3,500
Trade Payable
Total Liabilities
14,000
1.69%
Bank Payable
Liabilities
17,500
2011
2012
2013
2014
Jun-15
9,096,298 10,553,173 10,442,588
92.96%
46.37%
16.02%
-1.05%
Authorized Capital
2,400,000
2,400,000
2,400,000
2,400,000
2,400,000
Paid up Capital
1,786,310
1,964,941
1,964,941
1,964,941
1,964,941
17,863
19,649
19,649
19,649
19,649
100
100
100
100
100
977,938
2,050,204
2,640,107
3,599,980
3,917,796
2,786,872
4,731,875
5,331,785
6,371,194
6,767,239
69.79%
12.68%
19.49%
6.22%

Par Value
Retained Earnings
Total Equity
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
1,381,046
2,446,414
3,684,240
3,630,914
1,732,578
77.14%
50.60%
-1.45%
Growth (%)
5,332
4,732
5,387
4,006
2,787
2,626
1,245
2011
566,656
979,517
1,846,814
1,324,196
361,173
Gross Profit
814,391
1,466,897
1,837,425
2,306,718
1,371,405
Operating Expenses
120,770
212,884
304,204
398,953
238,758
Operating Profit
693,620
1,254,013
1,533,221
1,907,766
1,132,647
80.79%
22.27%
24.43%
90,182
-451,445
-521,999
-489,787
Income before Tax
671,143
1,344,195
1,081,776
1,385,767
642,860
68,407
128,103
192,199
208,812
107,233
602,737
1,216,092
889,577
1,176,955
535,628
101.76%
-26.85%
32.31%
Growth (%)
2013
2014
Jun-15

3,684
2,933
-22,477
2012
3,631
3,684

Tax
6,767
-135
Cost of Revenues
Growth (%)
6,371
6,767
2,446
1,733
2,181
1,381
1,429
678
Period Attributable
601,654
1,192,716
876,785
1,176,955
454,357
602,737
1,216,092
889,577
1,176,955
536,584
601,654
1,192,716
876,785
1,097,418
455,363
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
6.13
14.60
7.00
EPS (Rp)
33.68
60.70
44.62
59.90
23.12
BV (Rp)
156.01
240.82
271.35
324.24
344.40
DAR (X)
0.54
0.57
0.63
0.62
0.61
Dividend (Rp)
1.16
1.31
1.71
1.66
1.54
ROA (%)
10.03
11.11
6.17
6.95
3.11
ROE (%)
21.63
25.70
16.68
18.47
7.92
GPM (%)
58.97
59.96
49.87
63.53
79.15
OPM (%)
50.22
51.26
41.62
52.54
65.37
NPM (%)
43.64
49.71
24.15
32.41
30.92
Payout Ratio (%)
18.20
24.05
11.69
1.33
2.43
1.25
DER(X)
Yield (%)
-74
2011
2012
2013
2014
Jun-15

1,216
1,177
1,216
890
968
720
603
536
472
224
-24
2011
2012
2013
2014
Jun-15
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.
As of June 30th, 2015, BCA had 972 domestics branches and 2 overseas representatives
locatedinSingaporeandHongKong.
BCA has direct and indirect ownership in subsidiaries: PT BCA Finance, BCA Finance
Limited, PT Bank BCA Syariah, PT BCA Sekuritas, PT Asuransi Umum BCA, and PT Central
SantosaFinance.
BCAhad23,862permanentemployees.
August 2015
Disclaimer:
26
BBCA Bank Central Asia Tbk.
As of 31 July 2015
Main Board
Industry Sector : Finance (8)
Industry Sub Sector : Bank (81)
7,485.714
Individual Index
:
Listed Shares
24,408,459,120
:
2 | 319.8T | 6.44% | 13.82%

5 | 52.1T | 3.54% | 23.80%
COMPANY HISTORY
Established Date
: 10-Aug-1955
Listing Date
: 31-May-2000
Under Writer IPO :
PT Bahana Securities
Phone : (021) 252-5666
Fax
: (021) 252-5028
1. Djohan Emir Setijoso
2. Cyrillus Harinowo *)
3. Raden Pardede *)
4. Sigit Pramono *)
5. Tonny Kusnadi
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. Rudy Susanto
9. Subur Tan
10. Suwignyo Budiman
AUDIT COMMITTEE
1. Cyrillus Harinowo
2. Ilham Ikhsan
3. Inawaty Suwardi
CORPORATE SECRETARY
Inge Setiawati
HEAD OFFICE
Menara BCA, Grand Indonesia
Jln. M.H. Thamrin No. 1
Jakarta 10310

1. UOB Kay Hian Private Limited For Farindo Investment
2. Public (<5%)
Bonus
Cash
Year
2001
2001
2002
2003
2004
2005
2005
2005
2006
2006
2007
2007
2008
2008
2009
2009
2010
2010
2011
2011
2012
2012
2013
2013
2014
2014
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
120.00
50.00
148.00
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
29-Apr-14
04-Dec-14
16-Apr-15
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
05-May-14
09-Dec-14
21-Apr-15
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
30-Apr-14
05-Dec-14
17-Apr-15
45.58%
54.42%
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
20-May-14
23-Dec-14
13-May-15
I
F
F
F
F
I
F
I
I
I
F
I
F
I
F
I
F
I
F
I
F
I
F
I
F
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
Phone : (021) 2358-8000

Fax
: (021) 2358-8300
Homepage
Email
F/I
: www.bca.co.id
: inge_setiawati@bca.co.id
investor_relations@bca.co.id
27

Closing
Price*
Volume
(Mill. Sh)
16,000
320
14,000
280
12,000
240
10,000
200
8,000
160
6,000
120
4,000
80
2,000
40
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

Finance Index
140%
120%
103.1%
100%
80%
60%
46.9%
40%
28.8%
20%
-20%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
3,674
26,586
299
247
3,778
29,765
241
246
3,958
39,776
370
244
4,514
51,771
651
242
2,216
30,739
499
142
8,850
5,300
8,000
8,000
9,500
6,750
9,100
9,100
12,500
8,450
9,600
9,600
13,575
9,250
13,125
13,125
15,600
12,650
13,100
13,100
18.86
6.58
4.32
16.61
17.20
3.70
19.90
27.72
4.33
18.72
20.80
3.95
Price (Rupiah)
High
Low
Close
Close*
18.31
PER (X)
6.61
PER Industry (X)
4.69
PBV (X)
28
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Bank Central Asia Tbk.
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
6,650
6,450
7,000
7,700
7,500
7,700
8,500
8,850
8,500
8,150
8,400
8,250
Low
5,300
5,550
6,300
6,800
7,000
7,000
7,550
7,250
6,950
7,050
7,450
7,700
Close
5,650
6,300
6,950
7,400
7,100
7,650
8,300
8,000
7,700
8,100
7,900
8,000
(X)
36,521
19,474
21,965
16,724
19,416
17,083
22,050
37,790
33,396
29,893
28,088
17,092
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
9,750 8,850 9,650

11,300 9,650 11,000
11,400 10,400 11,400
11,250 10,450 10,750
11,150 10,350 10,350
10,350 8,900 10,000
10,450 9,100 10,400
10,950 8,500 9,050
12,500 8,450 10,000
10,800 9,750 10,450
10,650 9,550 9,650
9,850 9,250 9,600
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
10,350
10,550
11,125
11,250
11,525
11,400
11,800
11,850
13,125
13,575
13,525
13,425
9,250
9,700
10,150
10,425
10,775
10,700
10,875
10,950
11,625
12,050
12,500
12,825
9,925
10,225
10,600
11,000
10,775
11,000
11,600
11,200
13,075
13,050
13,100
13,125
57,353
46,542
59,990
53,682
45,146
43,261
44,924
49,417
58,544
69,752
58,896
63,765
367,092
430,305
436,023
669,676
265,133
268,220
396,445
215,348
350,704
587,562
286,375
241,069
3,602,939
4,418,825
4,599,025
7,354,376
2,967,458
2,959,465
4,549,613
2,519,575
4,353,955
7,528,035
3,745,157
3,172,351
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
13,425
14,550
14,825
15,600
14,500
14,125
13,900
12,800
13,250
14,025
12,900
13,400
13,050
12,650
13,375
14,100
14,825
13,475
14,125
13,500
13,100
53,863
62,002
90,945
86,286
67,586
78,844
59,176
273,651
260,770
331,831
451,166
339,175
312,229
246,896
3,592,271
3,622,454
4,777,845
6,531,175
4,710,311
4,220,125
3,285,014
21
19
22
21
19
21
19

515,715 3,024,334
309,683 1,855,713
301,403 2,028,622
217,742 1,561,623
205,970 1,481,677
216,573 1,572,104
235,954 1,889,559
465,218 3,714,097
339,968 2,651,632
311,498 2,412,690
360,677 2,850,162
193,852 1,543,490
21
18
23
20
21
20
21
19
20
21
22
21

Book End : December
Public Accountant : Siddharta Widjaja & Rekan (member of KPMG International)

BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
Cash on Hand
Assets
10,355,620 11,054,208 16,284,142 19,577,571 15,277,019
Placements with Other Banks
43,010,506 28,802,130 12,254,043 11,502,178 43,300,139
Marketable Securities
22,166,868 47,310,371 89,463,509 26,289,663 22,257,397
Loans
198,440,354 252,760,457 306,679,132 339,859,068 340,150,813

171,728
104,246
182,544
Fixed Assets
4,144,659
6,406,625
Other Assets
4,185,031
6,265,653
Investment
Total Assets
Taxes Payable
Fund Borrowings
Other Liabilities
Total Liabilities
169,687
7,440,017
8,844,930
8,979,735
6,564,382
7,133,595
8,384,535
381,908,353 442,994,197 496,304,573 552,423,892 571,642,788
15.99%
Growth (%)
Deposits
166,888
12.03%
11.31%
3.48%
460,000
345,000
230,000
115,000
-
326,894,554 372,837,307 413,036,948 451,660,016 459,055,670

432,101
216,614
276,017
3,080,942
2,144,536
449,188
128,018
500,952
3,483,582
5,620,847
5,768,437
Liabilities
575,000
2011
6,260,219 11,152,159
2012
2013
14.77%
10.84%
9.30%
3.18%
Jun-15
339,881,013 390,067,244 432,337,895 472,550,777 487,584,494
Growth (%)
2014
77,921
81,753
81,753
63,967
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

Par Value
Retained Earnings
36,581,874 45,534,178 56,928,028 70,332,010 73,898,285
Total Equity
42,027,340 51,897,942 63,966,678 77,920,617 81,753,218
23.49%
Growth (%)
23.25%
21.81%
65,076
51,898
48,398
42,027
31,720
15,043
4.92%
-1,635
INCOME STATEMENTS
Total Interest Income
Dec-11
Dec-12
Dec-13
Dec-14
17.58%
Interest Expenses
7,730,157
7,647,167
Other Operating Revenue
7,213,378
6,375,833
18.67%
27.70%
7,852,009 11,744,562
470,940
1,738,943
5,454,889
Income from Operations
13,296,775 14,255,568 17,078,667 20,504,773 10,798,808
Growth (%)
321,983
7.21%
19.80%
20.06%
430,478
736,939
236,348
43,771
43,771
34,277
34,842
28,885
24,567
23,089
25,913
4,229,451
2,246,290
10,817,798 11,718,460 14,256,239 16,511,670
8,552,518
2,800,960
2,967,586
8.33%
3,559,367
21.66%
16,983
8,054
-875
15.82%
2011
Period Attributable
10,819,309 11,721,717 14,253,831 16,485,858
8,541,043
10,770,209 11,898,523 13,004,312 16,925,171
8,463,758
10,771,720 11,901,780 13,001,904 16,899,359
8,452,283
2012
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
Dividend (Rp)
157.00
114.50
165.00
198.00
EPS (Rp)
438.83
475.43
578.13
668.66
346.42
BV (Rp)
1,704.62
2,104.97
2,594.47
3,160.44
3,315.89
DAR (X)
0.89
0.88
0.87
0.86
0.85
DER(X)
8.09
7.52
6.76
6.06
5.96
ROA (%)
2.83
2.65
2.87
2.99
1.50
ROE (%)
25.74
22.58
22.29
21.19
10.46
OPM (%)
54.12
49.35
49.83
46.85
46.77
NPM (%)
44.03
40.57
41.59
37.72
37.04
Payout Ratio (%)
35.78
24.08
28.54
29.61
1.96
1.26
1.72
1.51
2013
2014
Jun-15

16,512
16,512
Yield (%)
Jun-15
13,618,758 14,686,046 17,815,606 20,741,121 10,798,808
Growth (%)
RATIOS
2014
TOTAL INTEREST INCOME (Bill. Rp)
10,913,969 12,859,718 14,631,462 18,306,319 11,827,398
Provision for Income Tax
2013
5,917,973
Other Operating Expenses
Income Before Tax
2012
24,566,852 28,885,290 34,277,149 43,771,256 23,089,290
Growth (%)
Non-Operating Revenues
2011
Jun-15
13,143
14,256
10,818
11,718
8,553
9,775
6,407
3,038
-330
2011
2012
2013
2014
Jun-15
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.
BNIsscopeofactivityistoengageingeneralbankingservices.
AsofJune30th,2015,BNIhad168domesticbranches,912domesticsubbranches,and680
other outlet. In addition, BNIs network also included 4 overseas branches located in
Singapore,HongKong,TokyoandLondonand1agencyinNewYork.
BNI has direct ownership in the following subsidiaries: PT BNI Life Insurance, PT BNI
Multifinance, PT BNI Securities and subsidiaries, BNI Remittance Ltd. and PT Bank BNI
Syariah.AllofthesubsidiariesofBNIaredomiciledinJakarta,exceptforBNIRemittance
Ltd.whichisdomiciledinHongKong.
BNIhad23,897permanentemployeesand2,619nonpermanentemployees,total26,516
employees.
August 2015
Disclaimer:
30
BBNI Bank Negara Indonesia (Persero) Tbk.
As of 31 July 2015
Main Board
Individual Index
:
Listed Shares
:
22.894
18,462,169,893
87,879,928,690,680
10 | 87.9T | 1.77% | 46.37%

6 | 43.3T | 2.94% | 26.74%
COMPANY HISTORY
Established Date
: 05-Jul-1946
Listing Date
: 25-Nov-1996
Under Writer IPO :
PT BNI Securities
PT Pentasena Arthasentosa
PT Datindo Entrycom
Phone : (021) 570-9009
Fax
: (021) 570-9026
1. Rizal Ramli
2. Anny Ratnawati *)
3. Daniel T. Sparringa *)
4. Jos Luhukay *)
5. Ki Agus Ahmad Badaruddin *)
6. Pataniari Siahaan
7. Pradjoto *)
8. Revrisond Baswir
9. Zulkifli Zaini *)
BOARD OF DIRECTORS
1. Achmad Baiquni
2. Adi Sulistyowati
3. Anggoro Eko Cahyo
4. Bob Tyasika Ananta
5. Herry Sidharta
6. Imam Budi Sarjito
7. Rico Rizal Budidarmo
8. Suprajarto
9. Sutanto
AUDIT COMMITTEE
1. Jos Luhukay
2. Anny Ratnawati
3. Bambang Hendrajatin
4. Tubagus Chairul Amachi

2. Public (<5%)
11,189,193,875 :
7,272,976,018 :
Bonus
Cash
Year
1996
1997
2001
2002
2003
2005
2005
2006
2007
2008
2009
2009
2010
2011
2012
2013
2014
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
144.55
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
24-Mar-15
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
25-Mar-15
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
27-Mar-15
60.61%
39.39%
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
17-Apr-15
F
F
F
F
F
F
F
F
F
F
I
F
F
F
F
F
I
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
CORPORATE SECRETARY
Tribuana Tunggadewi
HEAD OFFICE
BNI Building 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

Closing
Price*
Volume
(Mill. Sh)
7,400
400
6,475
350
5,550
300
4,625
250
3,700
200
2,775
150
1,850
100
925
50
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

Finance Index
120%
100%
80%
60%
46.9%
40%
28.8%
25.3%
20%
-20%
-40%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
7,868
29,825
290
247
7,063
26,382
250
246
7,390
32,587
384
244
6,987
35,598
696
242
4,550
28,161
546
142
4,600
2,975
3,800
3,800
4,225
3,325
3,700
3,700
5,600
3,375
3,950
3,950
6,300
3,660
6,100
6,100
7,275
4,450
4,760
4,760
9.58
6.58
1.59
8.14
17.20
1.54
10.55
27.72
1.86
18.08
20.80
1.45
Price (Rupiah)
High
Low
Close
Close*
11.83
PER (X)
6.61
PER Industry (X)
1.87
PBV (X)
32
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Bank Negara Indonesia (Persero) Tbk.
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
3,925
3,575
4,000
4,175
4,100
3,900
4,500
4,600
4,250
4,125
4,050
4,025
Low
3,075
3,150
3,550
3,850
3,750
3,550
3,775
3,700
2,975
3,125
3,550
3,675
Close
3,225
3,550
3,975
4,050
3,875
3,875
4,450
4,125
3,725
4,025
3,800
3,800
(X)
28,789
15,096
22,145
20,942
18,988
20,760
21,591
26,054
34,141
35,268
25,267
20,690
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
4,420
4,770
5,325
5,325
5,150
4,930
5,300
5,525
5,975
5,950
6,100
6,300
3,660
4,125
4,450
4,700
4,720
4,710
4,740
4,995
5,350
4,975
5,550
5,700
4,360
4,550
4,960
4,815
4,775
4,765
5,100
5,350
5,525
5,950
6,025
6,100
55,797
68,732
79,616
54,018
63,923
57,179
61,719
57,420
50,664
61,498
41,672
43,951
479,251
712,946
765,650
556,377
667,971
461,000
656,779
522,073
574,054
722,117
418,868
450,256
1,966,311
3,157,847
3,726,665
2,802,548
3,279,251
2,221,427
3,287,150
2,731,897
3,261,277
4,009,779
2,435,083
2,718,387
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
6,300
7,075
7,225
7,275
7,125
6,825
5,675
5,725
6,175
6,550
6,250
6,325
5,100
4,450
6,250
59,023
6,875
58,356
7,225
80,139
6,425
64,819
6,875
58,043
5,300 114,675
4,760 110,477
605,276
468,870
703,023
618,174
425,307
851,390
877,538
3,684,362
3,156,997
4,829,845
4,250,511
2,869,575
4,886,319
4,483,456
21
19
22
21
19
21
19

1,025,789 3,525,260
458,732 1,557,467
678,079 2,531,016
550,731 2,197,504
514,867 2,001,771
472,644 1,783,047
700,897 2,850,203
792,573 3,298,381
652,860 2,428,834
851,192 3,126,593
593,385 2,292,416
576,138 2,232,935
21
18
23
20
21
20
21
19
20
21
22
21

Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
7,969,378 10,089,927 11,435,686
9,315,313
Cash on Hand
Loans
Assets
6,197,731
49,328,028 32,616,662 23,472,702 14,527,422 21,248,623

7,627,768
9,800,970 11,965,698
6,237,356
8,632,738
163,533,423 193,834,670 243,757,807 270,651,986 277,126,869

24,335
24,026
39,507
Fixed Assets
4,052,708
4,591,588
5,513,569
6,222,050
6,271,230
Other Assets
4,655,153
3,312,032
3,156,891
3,369,915
4,704,925
Investment
Total Assets
Taxes Payable
36,932
299,058,161 333,303,506 386,654,815 416,573,708 430,965,998
11.45%
Growth (%)
Deposits
16.01%
7.74%
3.45%
171,716
323,957
317,563
256,598
Fund Borrowings
8,725,796
8,749,762 18,950,523 11,212,265
8,829,106
Other Liabilities
6,750,931
4,158,421
5,769,917
Total Liabilities
Paid up Capital
Par Value
262,500
175,000
87,500
-
5,707,851
5,218,778
2011
2012
2013
10.93%
16.98%
0.64%
3.94%
15,000,000 15,000,000 15,000,000 15,000,000 15,000,000

9,054,807
9,054,807
9,054,807
9,054,807
9,054,807
18,649
18,649
18,649
18,649
18,649
2014
Jun-15
261,215,137 289,778,215 338,971,310 341,148,654 354,594,171
Growth (%)
Authorized Capital
350,000
238,314,269 260,906,084 295,075,178 317,070,426 316,988,721

145,021
Liabilities
437,500
61,021
61,059
2014
Jun-15
61,059
43,525
48,603
47,684
37,843
36,147
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
23,691
Retained Earnings
14,422,051 20,070,536 27,011,835 35,078,159 34,932,389
Total Equity
37,843,024 43,525,291 47,683,505 61,021,308 61,058,679
15.02%
Growth (%)
9.55%
27.97%
11,235
0.06%
-1,221
INCOME STATEMENTS
Dec-11
Dec-12
Dec-13
Dec-14
9.73%
16.50%
26.14%
Interest Expenses
7,245,524
7,392,427 10,968,641
5,419,468
7,601,475
8,445,813
9,440,904 10,715,356
4,680,266
11,134,002 12,739,104 14,572,688 16,103,374 13,852,099

7,242,583
Growth (%)
218,725
8,641,023 11,218,803 13,346,291
19.31%
29.83%
18.96%
258,539
59,362
178,019
12,722
8,899,562 11,278,165 13,524,310
3,100,443
1,653,090
1,851,200
2,220,224
2,694,931
641,161
5,808,218
7,048,362
9,057,941 10,829,379
2,459,282
21.35%
28.51%
26,451
26,558
20,692
22,705
17,679
19,752
7,461,308
Growth (%)
33,365
33,365
3,087,721
Income Before Tax
2013
7,495,982
2012
20,691,796 22,704,515 26,450,708 33,364,942 17,679,022
Growth (%)
2011
Jun-15
12,946
6,139
-667
19.56%
2011
Period Attributable
5,825,904
7,046,145
9,054,345 10,782,628
2,429,901
5,991,144
7,202,604
6,243,854 11,914,732
2,545,294
6,007,817
7,200,391
6,240,258 11,867,981
2,515,913
2012
2013
2014
Jun-15

10,829
10,829
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
62.48
113.35
145.71
144.55
312.40
377.84
485.52
578.20
130.30
BV (Rp)
2,029.26
2,333.96
2,556.94
3,272.16
3,274.16
DAR (X)
0.87
0.87
0.88
0.82
0.82
DER(X)
6.90
6.66
7.11
5.59
5.81
ROA (%)
1.94
2.11
2.34
2.60
0.57
ROE (%)
15.35
16.19
19.00
17.75
4.03
OPM (%)
35.00
38.06
42.41
40.00
17.47
NPM (%)
28.07
31.04
34.24
32.46
13.91
Payout Ratio (%)
20.00
30.00
30.01
25.00
1.64
3.06
3.69
2.37
RATIOS
Dividend (Rp)
EPS (Rp)
Yield (%)
9,058
8,620
7,048
6,411
5,808
4,202
2,459
1,993
-217
2011
2012
2013
2014
Jun-15
33
COMPANY REPORT
BBRI
BANK RAKYAT INDONESIA (PERSERO) TBK.
Company Profile
Bank Rakyat Indonesia (BRI) is the oldest commercial bank in Indonesia, established on
December 16, 1895, in Purwokerto, Central Java. The stateowned bank went public in
2003 and the Indonesian government holds the majority of its shares with 57.32%,
followedbypublic.
Since its inception, BRIs strategies have been mostly focused on the development of
micro, small and medium business segments. In so doing, BRI takes into account its core
competencies at all organization level. With strategic positioning in Indonesian banking
industrysupportedbystrongbasisofcorecompetenciesinmicrobusinesssegmentsince
1984,BRIwillbeabletoachieveitsoptimalperformanceincomingyears.
Asof30June2015,BRIservesitcustomersthroughmorethan10.000outletsspreadsall
overIndonesia
1HeadOffice
19RegionalOffices
1HeadofAuditOffice
18RegionalAuditOffices
458BranchesOffices
1SpecialBranch
4overseasoffices(CaymanIsland,Singapore,NewYork,HongKong)
586SubBranchOffices
5,306BRIUnits(MicroOutlet)
980CashCounters
3,141TerasBRI
610TerasMobile
BRIprovideaccesstoitsbankingservicesthroughitselectronicchannel;
20,792ATMslinkedtoATMBersama,ATMPrima,ATMLink,Cirrus,andMaestro
131,204ElectronicDataCaptures(EDC)
392CashDepositMachine
55EBuzz
BRI Subsidiaries: PT Bank BRI Syariah, PT BRI Agroniaga Tbk. and BRIRemittance Co. Ltd.
Totalemployees50,604.
August 2015
Disclaimer:
34
BBRI Bank Rakyat Indonesia (Persero) Tbk.
As of 31 July 2015
Main Board
2,285.714
Individual Index
:
Listed Shares
24,422,470,380
:
6 | 244.2T | 4.92% | 36.29%

1 | 93.3T | 6.34% | 6.34%
COMPANY HISTORY
Established Date
: 16-Dec-1895
Listing Date
: 10-Nov-2003
Under Writer IPO :
PT Bahana Securuties
PT Datindo Entrycom
Phone : (021) 570-9009
Fax
: (021) 570-9026
1. Mustafa Abubakar *)
2. A. Sony Keraf *)
3. Adhyaksa Dault *)
4. Ahmad Fuad *)
5. Fuad Rahmany *)
6. Gatot Trihargo
7. Jeffry J. Wurangian
8. Vincentius Sony Loho
BOARD OF DIRECTORS
1. Asmawi Syam
2. Agus Toni Soetirto
3. Donsuwan Simatupang
4. Gatot Mardiwasisto
5. Haru Koesmahargyo
6. Kuswiyoto
7. Mohammad Irfan
8. Randi Anto
9. Sunarso
10. Susy Liestiowaty
11. Zulhelfi Abidin

2. Public (<5%)
14,000,000,000 :
10,422,470,380 :
Bonus
Cash
Year
2003
2005
2005
2006
2007
2008
2009
2010
2010
2011
2012
2013
2014
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
294.80
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
26-Mar-15
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
31-Mar-15
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
27-Mar-15
57.32%
42.68%
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
22-Apr-15
F
F
F
F
F
F
I
F
F
F
F
I
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
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
Delisting of shares Negara RI
Stock Split
Shares
4,764,705,000
6,882,352,950
114,572,000
333,814,000
8,928,500
59,421,500
36,021,500
789,000
13,836,000
2,493,500
-5,698,760
12,211,235,190
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
07-Jan-11
11-Jan-11
:
:
:
:
:
:
:
:
:
Trading
Date
10-Nov-03
31-May-04
11-Nov-05
11-Nov-08
12-Nov-09
27-Dec-07
26-Jun-09
13-Nov-08
15-Nov-10
08-Aug-08
07-Jan-11
11-Jan-11
AUDIT COMMITTEE
1. Fuad Rahmany
2. Adhyaksa Dault
3. A. Sony Keraf
4. H.C. Royke Singgih
5. Dedi Budiman Hakim
6. Syahrir Nasution
CORPORATE SECRETARY
Budi Satria
HEAD OFFICE
BRI I Building, 20th Fl.
Jln. Jend. Sudirman No. 44 - 46
Jakarta 10210
Phone : (021) 251-0244, 250-0124, 251-0315, 575-1966
Fax
: (021) 570-0916, 575-2010
Homepage
Email
F/I
: www.bri.co.id
: ir@bri.co.id
35

Closing
Price*
Volume
(Mill. Sh)
14,000
160
12,250
140
10,500
120
8,750
100
7,000
80
5,250
60
3,500
40
1,750
20
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

Finance Index
175%
150%
125%
100%
93.2%
75%
50%
46.9%
28.8%
25%
-25%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
10,695
65,512
625
247
9,285
62,701
514
246
9,932
78,393
730
244
9,096
91,875
1,071
242
4,887
57,073
705
142
Price (Rupiah)
High
Low
Close
Close*
10,750
4,525
6,750
6,750
7,850
5,150
6,950
6,950
9,950
6,200
7,250
7,250
12,200
7,000
11,650
11,650
13,450
9,300
10,000
10,000
9.18
6.58
2.64
8.38
17.20
2.25
11.86
27.72
2.94
10.22
20.80
2.41
10.89
PER (X)
6.61
PER Industry (X)
3.34
PBV (X)
36
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Bank Rakyat Indonesia (Persero) Tbk.
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
10,750
5,000
5,800
6,650
6,600
6,550
6,950
7,250
7,000
6,900
7,050
7,050
Low
4,550
4,525
4,725
5,650
6,000
6,100
6,500
6,000
5,000
5,150
6,350
6,350
Close
4,850
4,700
5,750
6,450
6,350
6,500
6,900
6,550
5,850
6,750
6,500
6,750
(X)
61,584
40,858
49,894
40,870
51,052
32,120
39,796
65,988
83,219
78,267
47,974
33,776
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
8,850
9,850
10,500
10,250
11,050
10,400
12,200
11,375
11,175
11,075
11,550
11,725
7,000
8,125
9,025
9,350
9,950
9,850
10,100
10,600
10,150
10,000
10,600
11,000
8,325
87,119
9,275
87,543
9,575 111,431
9,900 103,234
10,200
68,949
10,325
73,158
11,200
91,236
11,050
96,070
10,425
91,480
11,075 112,523
11,525
65,560
11,650
82,491
934,659
1,015,064
903,601
844,361
556,095
668,924
838,066
733,194
785,001
852,028
424,706
540,205
7,534,215
9,180,632
8,566,209
8,340,740
5,802,044
6,771,119
9,411,432
8,022,874
8,367,361
8,958,410
4,720,140
6,200,187
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
12,100
13,050
13,275
13,450
12,750
11,775
10,900
11,325
11,600
12,600
11,250
11,400
10,050
9,300
11,675
84,255
12,875
82,946
13,275
82,495
11,625
96,485
11,775 107,891
10,350 143,673
10,000 107,429
607,503
748,654
552,663
727,168
702,965
854,615
692,996
7,101,489
9,092,542
7,172,234
9,138,329
8,433,290
9,122,101
7,012,522
21
19
22
21
19
21
19

1,216,289 7,347,324
826,733 3,940,203
902,204 4,679,484
822,859 5,088,510
872,410 5,479,711
568,618 3,613,773
846,164 5,683,819
1,085,504 7,162,598
1,302,285 7,936,656
1,026,080 6,364,672
743,521 4,986,130
482,459 3,228,750
21
18
23
20
21
20
21
19
20
21
22
21

Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
Cash on Hand
Assets
10,525,973 13,895,464 19,171,778 22,469,167 19,140,980
73,596,356 66,242,928 36,306,883 62,035,442 40,392,593
33,917,516 41,136,880 42,673,665 84,168,460 96,613,515
Loans
269,454,726 336,081,042 419,144,730 479,211,143 492,215,333

164,689
196,742
222,851
Fixed Assets
1,852,818
2,804,366
Other Assets
5,293,505
5,961,840
Investment
Total Assets
Taxes Payable
Fund Borrowings
Other Liabilities
Total Liabilities
17.33%
Paid up Capital
Par Value
3,972,612
5,917,470
6,704,904
7,004,037
8,792,889 10,610,330
13.58%
28.07%
-3.57%
650,000
487,500
325,000
162,500
-
388,288,508 452,945,001 507,972,602 622,321,846 611,943,360

1,105,997
895,695
13,097,916 10,888,755
9,520,061
9,758,418
1,266,018
59,805
9,084,913 24,986,862
8,327,435
3,242,346
4,104,487
3,487,261
2011
2012
2013
15.80%
12.42%
28.78%
-4.70%
15,000,000 15,000,000 15,000,000 15,000,000 15,000,000

6,167,291
6,167,291
6,167,291
6,167,291
6,167,291
24,669
24,669
24,669
24,669
24,669
250
250
250
250
250
Retained Earnings
40,019,254 55,080,238 70,868,083 88,761,688 93,281,144
Total Equity
49,820,329 64,881,779 79,327,422 97,737,429 102,200,618
30.23%
Growth (%)
22.26%
23.21%
2014
Jun-15
484,003
420,078,955 486,455,011 546,855,504 704,217,592 671,113,317
Growth (%)
Authorized Capital
256,883
469,899,284 551,336,790 626,182,926 801,955,021 773,313,935
Growth (%)
Deposits
Liabilities
812,500
97,737
102,201
102,201
79,327
81,352
64,882
60,503
49,820
39,654
18,805
4.57%
-2,044
INCOME STATEMENTS
Dec-11
Dec-13
Dec-14
3.00%
19.86%
26.34%
5,775,975
8,389,732
8,348,459
9,299,140
5,734,508
17,584,230 22,682,538 26,127,577 28,361,877 14,159,792
Growth (%)

1,171,650
28.99%
15.19%
8.55%
Jun-15
75,122
1,177,034
1,782,489
2,497,196
75,122
59,461
59,797
48,164
49,610
41,547
44,472
642,233
3,667,884
5,172,192
6,555,736
6,605,228
2,848,262
15,087,996 18,687,380 21,354,330 24,253,845 11,953,763
23.86%
14.27%
29,147
13,822
-1,502
13.58%
2011
Period Attributable
15,082,939 18,680,884 21,344,130 24,241,650 11,945,865
15,296,501 18,681,350 19,916,654 24,759,999 11,768,510
15,288,295 18,652,098 19,913,198 24,744,791 11,760,754
2012
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
Dividend (Rp)
122.28
225.23
257.33
294.80
EPS (Rp)
611.41
757.26
865.22
982.67
484.24
BV (Rp)
2,019.54
2,630.08
3,215.65
3,961.93
4,142.85
DAR (X)
0.89
0.88
0.87
0.88
0.87
DER(X)
8.43
7.50
6.89
7.21
6.57
ROA (%)
3.21
3.39
3.41
3.02
1.55
ROE (%)
30.28
28.80
26.92
24.82
11.70
OPM (%)
36.51
45.72
43.94
37.75
34.08
NPM (%)
31.33
37.67
35.91
32.29
28.77
Payout Ratio (%)
20.00
29.74
29.74
30.00
1.81
3.24
3.55
2.53
2013
2014
Jun-15

24,254
21,354
24,254
Yield (%)
2014
18,755,880 23,859,572 27,910,066 30,859,073 14,802,025
Growth (%)
RATIOS
2013
17,085,627 19,491,032 22,380,778 26,660,314 19,350,927
Income Before Tax
2012
13,737,272 13,126,655 15,354,813 23,679,803 13,770,420
2011
Jun-15
48,164,348 49,610,421 59,461,084 75,122,213 41,546,631
Growth (%)
Interest Expenses
Dec-12
18,687
19,306
15,088
11,954
14,358
9,410
4,463
-485
2011
2012
2013
2014
Jun-15
37
COMPANY REPORT
BBTN
BANK TABUNGAN NEGARA (PERSERO) TBK.
Company Profile
PTBankTabunganNegara(Persero)Tbk.orBankBTNwasestablishedin1897underthe
nameofPostspaarBank.ThenamewaschangedtoBankTabunganPosin1950andfinally
became Bank Tabungan Negara in 1963. Bank BTN successfully done The Initial Public
Offering(IPO)andlistedontheIndonesiaStockExchangeon17December2009,andwas
the first Indonesian bank to securitize mortgage through Asset Backed Securities
CollectiveInvestmentContracts(KIKEBA)scheme.BankBTNengagedinactivitiesbasedon
ShariaprinciplesonDecember15,2004.
Bank BTN is a fully commercial bank that focuses on the housing finance. Bank BTN has
been doing mortgage business for more than six decades of consistency by providing a
variety of housing products and services, particularly through the Home Ownership Loan
(mortgage), both Subsidized Mortgages for lowermiddle segment as well as Non
SubsidizedMortgagesformiddleanduppersegments.
As of 30 June 2015, the Bank has 87 branches (including 22 sharia branches), 247 sub
branches (including 21 sharia subbranches), 486 cash offices (including 7 sharia cash
offices),and2,948SOPPs(SystemonlinePaymentPoint/onlinePostoffice).
Thebankspermanentemployeesamountto7,923.
August 2015
Disclaimer:
38
BBTN Bank Tabungan Negara (Persero) Tbk.
As of 31 July 2015
Main Board
Individual Index
:
Listed Shares
:
152.609
10,461,820,500
12,240,329,985,000
69 | 12.2T | 0.25% | 80.13%

40 | 11.1T | 0.75% | 67.68%
COMPANY HISTORY
Established Date
: 30-Nov-1934
Listing Date
: 17-Dec-2009
Under Writer IPO :
PT Mandiri Sekuritas
PT CIMB Securities Indonesia
PT Datindo Entrycom
Phone : (021) 570-9009
Fax
: (021) 570-9026
1. Chandra M. Hamzah *)
2. Arie Coerniadi *)
3. Catherinawati Hadiman *)
4. Fajar Harry Sampurno
5. Kamaruddin Sjam *)
6. Lucky Fathul Aziz H.
7. Sumiyati
BOARD OF DIRECTORS
1. Maryono
2. Adi Setianto
3. Iman Nugroho Soeko
4. Irman A. Zahiruddin
5. Mansyur S. Nasution
6. Oni Febriarto R.
7. Sis Apik Wijayanto
8. Sulis Usdoko

2. Public (<5%)
6,354,000,000 :
4,107,820,500 :
Bonus
Cash
Year
2009
2010
2011
2012
2013
2014
Shares
Dividend
15.09
31.19
25.31
38.74
44.36
21.11
Cum Date
10-Jun-10
10-Jun-11
10-May-12
26-Apr-13
18-Mar-14
31-Mar-15
Recording
Date
15-Jun-10
15-Jun-11
15-May-12
01-May-13
21-Mar-14
06-Apr-15
Ex Date
11-Jun-10
13-Jun-11
11-May-12
29-Apr-13
19-Mar-14
01-Apr-15
60.74%
39.26%
Payment
Date
29-Jun-10
30-Jun-11
30-May-12
10-May-13
07-Apr-14
24-Apr-15
F
F
F
F
F
I
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Type of Listing
First Issue
Company Listing
MESOP Conversion I
MESOP Conversion I & II
Right Issue
MESOP Conversion I, II & III
MESOP Conversion II & III
MESOP Conversion III
MESOP Conversion II
MESOP Conversion I & III
Shares
2,360,057,000
6,263,228,575
124,368,000
5,670,000
1,497,728,925
208,387,000
159,500
104,500
36,000
2,081,000
T:
T:
T:
T:
T:
T:
Listing
Date
17-Dec-09
17-Dec-09
08-Feb-11
06-Feb-12
07-Dec-12
07-Feb-13
14-Mar-14
19-Mar-14
22-Jul-14
20-Aug-14
:
:
:
:
:
:
Trading
Date
17-Dec-09
17-Dec-09
13-Aug-14
14-Aug-14
07-Dec-12
17-Jul-13
17-Mar-14
23-Jul-14
18-Mar-15
20-Aug-14
AUDIT COMMITTEE
1. Kamaruddin Sjam
2. Catherinawati Hadiman
3. Sondang Gayatri
4. Waldy Gutama
CORPORATE SECRETARY
Eko Waluyo
HEAD OFFICE
Menara Bank BTN
Jln. Gajah Mada No. 1
Jakarta 10130
Phone : (021) 633-6789, 633-2666
Fax
: (021) 634-6704
Homepage
Email
F/I
: www.btn.co.id
: eko.waluyo@btn.co.id
39

Closing
Price*
Volume
(Mill. Sh)
1,800
1,600
1,575
1,400
1,350
1,200
1,125
1,000
900
800
675
600
450
400
225
200
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

Finance Index
100%
80%
60%
46.9%
40%
28.8%
20%
-20%
-27.1%
-40%
-60%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
4,233
6,305
203
247
3,953
5,434
112
246
4,831
6,396
200
244
11,661
13,317
402
242
5,960
6,596
237
142
Price (Rupiah)
High
Low
Close
Close*
1,820
1,000
1,210
1,163
1,720
1,130
1,450
1,450
1,740
820
870
870
1,525
835
1,205
1,205
1,270
980
1,170
1,170
11.06
6.58
1.46
5.88
17.20
0.80
12.64
27.72
1.08
7.36
20.80
0.97
10.42
PER (X)
6.61
PER Industry (X)
1.46
PBV (X)
40
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Bank Tabungan Negara (Persero) Tbk.
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
1,780
1,440
1,710
1,790
1,720
1,700
1,820
1,740
1,620
1,540
1,490
1,290
Low
1,180
1,260
1,340
1,660
1,590
1,590
1,620
1,350
1,000
1,050
1,210
1,180
Close
1,330
1,330
1,680
1,710
1,660
1,690
1,700
1,560
1,210
1,440
1,250
1,210
(X)
34,997
14,140
26,923
12,729
12,410
8,329
22,042
13,235
16,853
13,687
20,559
6,786
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
1,270
1,250
1,220
1,440
1,390
1,400
1,380
1,420
1,460
1,650
1,720
1,610
1,180
1,160
1,160
1,200
1,190
1,130
1,240
1,280
1,250
1,360
1,420
1,440
1,200
1,220
1,200
1,380
1,200
1,290
1,370
1,310
1,440
1,520
1,610
1,450
11,071
8,442
3,803
14,473
5,250
6,698
7,747
5,178
12,362
12,271
15,597
9,276
302,240
170,762
62,277
365,152
81,787
139,270
193,721
119,668
317,570
306,185
1,585,209
308,764
369,927
205,487
74,561
486,519
107,075
177,699
255,431
162,886
423,906
452,863
2,241,325
476,736
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
1,640
1,680
1,740
1,720
1,510
1,400
1,250
1,200
1,160
1,030
1,020
990
1,450
1,530
1,610
1,470
1,260
1,010
1,020
880
840
910
900
820
1,620
1,630
1,700
1,490
1,420
1,150
1,040
950
930
970
970
870
12,496
16,891
15,925
13,858
24,534
19,347
17,377
12,813
29,196
17,269
10,701
10,010
502,676
460,352
556,705
462,242
686,550
347,074
380,644
270,433
430,902
337,041
240,433
155,875
774,616
741,687
936,218
745,326
950,640
411,522
430,266
285,056
418,199
325,799
230,220
145,999
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
970
1,145
1,355
1,525
1,175
1,090
1,230
1,215
1,180
1,195
1,155
1,240
835
890
1,015
1,140
1,070
980
1,030
1,045
1,070
1,070
1,090
1,120
900
1,080
1,285
1,155
1,090
1,040
1,080
1,115
1,170
1,120
1,130
1,205
18,385
37,825
39,910
55,199
36,625
25,604
48,574
42,735
32,063
27,396
16,256
21,919
275,674
1,429,330
1,270,021
1,598,310
903,411
570,012
1,654,735
1,333,365
968,580
644,155
447,183
566,006
252,515
1,502,277
1,539,871
2,048,453
1,011,693
589,252
1,874,974
1,517,629
1,090,634
728,263
498,895
662,843
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
1,230
1,095
1,270
1,250
1,245
1,200
1,230
980
990
1,060
1,080
1,080
1,070
1,150
995
1,070
1,255
1,115
1,205
1,190
1,170
44,134
47,590
40,326
28,932
25,132
28,296
22,849
1,247,054
1,549,165
1,207,915
701,031
547,298
410,752
297,190
1,302,876
1,615,293
1,392,206
823,389
639,653
469,186
353,106
21
19
22
21
19
21
19

868,919 1,245,353
411,907
555,751
695,738 1,055,066
536,800
309,689
198,403
327,942
173,340
285,095
470,080
809,924
205,907
322,612
278,246
347,429
225,007
297,558
276,832
376,344
145,472
118,683
21
18
23
20
21
20
21
19
20
21
22
21

Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
512,399
694,941
924,451
920,482
951,108
4,839,268
1,496,455
2,186,100
4,201,682
5,436,970
5,537,689
Cash on Hand
Loans
Assets
9,777,564 11,466,296
733,953
1,013,796
62,619,586 75,410,705 99,330,214 114,339,226 124,357,981

-
Fixed Assets
1,497,455
1,582,812
1,522,724
1,488,383
1,475,901
Other Assets
626,938
759,956
783,770
1,007,989
1,214,547
Investment
Total Assets
Taxes Payable
89,121,459 111,748,593 131,169,730 144,575,961 155,951,940
25.39%
Growth (%)
Deposits
17.38%
10.22%
7.87%
Fund Borrowings
5,695,307
6,737,260
7,073,035
6,998,213
6,096,531
Other Liabilities
2,258,809
2,441,809
2,882,703
3,079,486
3,410,490
Total Liabilities
130,000
97,500
65,000
32,500
-
62,762,985 81,374,686 96,482,879 107,649,946 117,732,754

-
Liabilities
162,500
2011
2012
2013
24.05%
17.88%
10.66%
8.18%
Jun-15
81,799,816 101,469,722 119,612,977 132,369,555 143,193,798
Growth (%)
2014
11,557
12,758
12,206
12,758
10,279
Authorized Capital
Paid up Capital
10,239,216 10,239,216 10,239,216 10,239,216 10,239,216

4,404,536
5,178,220
8,809
10,356
5,282,427 25,283,848
10,565
10,568
5,283,860
10,568
500
500
500
500
500
Retained Earnings
1,157,372
3,175,036
4,328,008
4,974,952
5,701,862
Total Equity
7,321,643 10,278,871 11,556,753 12,206,406 12,758,142
Par Value
40.39%
Growth (%)
12.43%
5.62%
10,155
7,322
7,553
4,950
2,347
4.52%
-255
INCOME STATEMENTS
Dec-11
7,556,104
Dec-12
Dec-13
Dec-14
Jun-15
8,818,579 10,782,877 12,807,328
7,060,818
16.71%
22.27%
18.77%
3,770,231
4,091,760
5,129,554
7,342,747
3,904,365
512,017
571,494
763,983
894,820
515,910
2,720,117
3,213,561
3,849,042
4,041,294
2,521,684
1,525,749
1,870,969
2,135,909
1,546,212
1,150,679
22.63%
14.16%
-27.61%
Growth (%)
Interest Expenses
Growth (%)
Income Before Tax
-3,489
-7,767
4,862
1,960
12,348
1,863,202
2,140,771
1,548,172
1,163,027
403,599
499,240
578,610
432,580
331,870
1,118,661
1,363,962
1,562,161
1,115,592
831,157
21.93%
14.53%
-28.59%
1,118,661
1,363,962
1,562,161
1,115,592
831,157
1,026,201
1,357,839
1,443,057
1,115,625
802,953
1,026,201
1,357,839
1,443,057
1,115,625
802,953
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
25.31
38.74
44.36
21.11
EPS (Rp)
126.99
131.70
147.86
105.57
78.65
BV (Rp)
831.15
992.51
1,093.89
1,155.07
1,207.27
DAR (X)
0.92
0.91
0.91
0.92
0.92
DER(X)
11.17
9.87
10.35
10.84
11.22
ROA (%)
1.26
1.22
1.19
0.77
0.53
ROE (%)
15.28
13.27
13.52
9.14
6.51
OPM (%)
20.19
21.22
19.81
12.07
16.30
NPM (%)
14.80
15.47
14.49
8.71
11.77
Payout Ratio (%)
19.93
29.41
30.00
20.00
2.09
2.67
5.10
1.75
Yield (%)
2014
Jun-15
12,807
12,807
10,783
8,819
10,195
7,556
7,061
4,969
2,357
-256
2011
RATIOS
2013
7,582
Period Attributable
Dividend (Rp)
2012
1,522,260
Growth (%)
2011
2012
2013
2014
Jun-15

1,562
1,364
1,243
1,119
1,116
831
925
606
287
-31
2011
2012
2013
2014
Jun-15
41
COMPANY REPORT
BMRI
BANK MANDIRI (PERSERO) TBK.
Company Profile
Bank Mandiri was formed on 2 October 1998, as part of the government of Indonesias
bankrestructuringprogram.BankMandiriisthelargestbankinIndonesia.BankMandiri
offersacomprehensiverangeoffinancialsolutionstoprivateandstateownedlargeand
mediumcorporations,smallandmicrobusinessesaswellasretailconsumers.
Amidstthevariousexternalchallenges,MandiriGroupsuccessfullyachievedanumberof
importantmilestones.Inconnectionwiththevariousimprovementstobusinessprocesses,
Mandiri Group conducted disciplined supervision over the microfinancial and macro
external parameters so as to serve as an early warning system. The supervision process
was carried out proactively based on the principles of good corporate governance and
focusedonstrengtheningthefoundationsforachievingourgoalsinourthree(3)business
focusareas(wholesaletransactions,retaildepositsandpayments,andretailfinancing),as
wellasinternalcontrols,improvedriskmanagement,andenhancementstoinfrastructure
andhumanresources.
In line with the product development and the increasing complexity of transactions,
Management has also taken steps to optimize the Internal Audit function, both in
assuranceandadvisoryterms,byenhancingthecapacityofauditors.Suchcapacityisnot
just limited to auditing knowledge and skills, but also extends to knowledge of products
andbankingoperations.
As of 30 June 2015 structure and the number of domestic and overseas offices of Bank
Mandiri(Total2,333offices)areasfollows:
12thedomesticterritoryOffice
Branchesinthecountry:
74AreaOffice
1,097BranchOffice
903MandiriMitraUsahaOffices
CashOutlet253
6Overseasbranches
Totalofemployees35,010.
August 2015
Disclaimer:
42
BMRI Bank Mandiri (Persero) Tbk.
As of 31 July 2015
Main Board
1,435.065
Individual Index
:
Listed Shares
23,099,999,999
:
7 | 220.0T | 4.43% | 40.73%

3 | 70.6T | 4.80% | 15.96%
COMPANY HISTORY
Established Date
: 02-Oct-1998
Listing Date
: 14-Jul-2003
Under Writer IPO :
PT ABN AMRO Asia Securities Indonesia
PT Datindo Entrycom
Phone : (021) 570-9009
Fax
: (021) 570-9026
1. Darmin Nasution
2. Abdul Aziz *)
3. Askolani
4. Aviliani *)
5. Bangun Sarwito Kusmuljono *)
6. Cahaya Dwi Rembulan Sinaga *)
7. Goei Siauw Hong *)
8. Imam Apriyanto Putro
9. Suwhono
BOARD OF DIRECTORS
1. Budi Gunadi Sadikin
2. Ahmad Siddik Badruddin
3. Hery Gunardi
4. Kartika Wirjoatmodjo
5. Kartini Sally
6. Ogi Prastomiyono
7. Pahala Nugraha Mansury
8. Royke Tumilaar
9. Sentot A. Sentausa
10. Sulaiman Arif Arianto
11. Tardi

2. Public (<5%)
14,000,000,000 :
9,099,999,999 :
Bonus
Cash
Year
2003
2003
2004
2005
2005
2006
2007
2008
2009
2010
2010
2011
2012
2013
2014
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
212.91
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
23-Mar-15
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
26-Mar-15
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
24-Mar-15
60.61%
39.39%
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
17-Apr-15
I
F
I
F
F
F
F
I
I
F
F
F
F
I
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
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
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
33,502,868
86,224,280
44,125
2,313,505,257
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
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
02-Jun-10
02-Mar-11
AUDIT COMMITTEE
1. Aviliani
2. Askolani
3. Budi Sulistio
4. Goei Siauw Hong
5. Ridwan Darmawan Ayub
CORPORATE SECRETARY
Rohan Hafas
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
F/I
: www.bankmandiri.co.id
: cma@bankmandiri.co.id
43

Closing
Price*
Volume
(Mill. Sh)
14,000
2,400
12,250
2,100
10,500
1,800
8,750
1,500
7,000
1,200
5,250
900
3,500
600
1,750
300
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

Finance Index
120%
100%
80%
60%
50.2%
46.9%
40%
28.8%
20%
-20%
-40%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
13,518
86,219
598
247
7,902
57,019
411
246
8,627
74,504
638
244
7,379
72,645
872
242
4,140
45,438
529
142
8,150
5,100
6,750
6,750
8,900
6,000
8,100
8,100
10,750
6,250
7,850
7,850
11,000
7,600
10,775
10,775
12,550
9,275
9,525
9,525
11.63
6.58
2.47
10.06
17.20
2.06
13.05
27.72
2.54
11.09
20.80
2.03
Price (Rupiah)
High
Low
Close
Close*
12.62
PER (X)
6.61
PER Industry (X)
2.51
PBV (X)
44
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Bank Mandiri (Persero) Tbk.
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
6,900
6,250
6,800
7,250
7,350
7,250
8,150
8,100
7,300
7,300
7,400
7,000
Low
5,350
5,350
5,700
6,550
6,800
6,700
7,150
6,650
5,100
5,500
6,300
6,200
Close
5,950
5,800
6,800
7,150
7,200
7,200
7,850
6,850
6,300
7,150
6,400
6,750
(X)
59,751
44,183
53,774
36,842
31,537
32,742
34,821
55,412
75,984
63,194
63,227
46,300
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
9,525 7,600 8,700

9,650 8,400 9,100
10,250 9,000 9,450
10,350 9,525 9,825
10,825 9,775 10,175
10,250 9,625 9,725
11,000 9,625 10,250
10,650 10,025 10,375
10,700 9,825 10,075
10,375 9,300 10,350
10,725 10,100 10,525
10,875 10,125 10,775
76,373
76,609
87,370
83,068
67,908
62,399
87,146
59,900
67,815
91,426
54,054
57,885
650,120
701,451
821,343
758,989
527,196
585,096
885,176
443,282
578,571
651,302
359,724
416,710
5,508,866
6,330,151
7,785,861
7,503,307
5,392,549
5,798,770
9,132,248
4,620,858
5,988,220
6,403,397
3,761,633
4,418,807
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
11,375
12,300
12,475
12,550
11,725
10,825
10,400
11,000
12,000
12,475
10,750
10,775
10,050
9,525
66,447
65,366
70,026
80,765
75,800
91,798
78,628
515,375
563,345
428,152
638,748
721,520
706,310
566,167
5,623,454
6,593,778
5,146,324
7,347,327
8,037,833
7,092,455
5,596,610
21
19
22
21
19
21
19
10,600
10,950
11,750
10,350
10,700
9,350
9,275

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

Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
Cash on Hand
Assets
11,357,523 15,286,190 19,051,934 20,704,563 19,523,886
51,393,062 48,238,225 45,113,834 61,117,605 61,073,183
12,002,918 10,769,775 26,802,548 40,465,158 47,058,105
Loans
Investment
298,988,258 370,570,356 450,634,798 505,394,870 526,854,352

38,785 11,366,225
616,821
766,524
753,958
8,928,856
8,930,112
Fixed Assets
6,589,594
7,002,690
7,645,598
Other Assets
7,249,901
7,339,965
8,908,732 11,239,398 11,384,147
Total Assets
551,891,704 635,618,708 733,099,762 855,039,673 914,075,204
15.17%
Growth (%)
Deposits
Taxes Payable
15.34%
16.63%
6.90%
740,000
555,000
370,000
185,000
-
397,046,488 456,854,700 521,439,569 600,980,756 640,539,042

761,737
2,662,421
2,126,864
1,875,141
11,703,498 11,608,832 15,997,188 24,227,104 22,042,700
Other Liabilities
15,378,187 13,002,765 14,166,214 16,370,686 19,930,238
Total Liabilities
489,237,296 559,085,843 644,309,166 750,195,111 753,844,597
14.28%
15.24%
16.43%
2011
2012
2013
2014
Jun-15
1,059,696
Fund Borrowings
Growth (%)
Liabilities
925,000
0.49%

104,845
109,262
109,262
88,791
Authorized Capital
16,000,000 16,000,000 16,000,000 16,000,000 16,000,000
Paid up Capital
11,666,667 11,666,667 11,666,667 11,666,667 11,666,667

Par Value
23,333
23,333
23,333
23,333
23,333
500
500
500
500
500
Retained Earnings
33,505,527 46,079,465 59,631,998 74,042,745 78,999,216
Total Equity
62,654,408 76,532,865 88,790,596 104,844,562 109,261,809
22.15%
Growth (%)
16.02%
18.08%
76,533
86,972
62,654
64,683
42,394
20,104
4.21%
-2,185
INCOME STATEMENTS
Dec-11
Dec-12
Dec-13
Dec-14
12.78%
18.00%
24.75%
Interest Expenses
11,768,351 11,897,822 14,686,637 14,687,815
16,312,021 18,913,028 21,500,987 25,374,351 17,487,127
16,348,933 19,625,447 23,551,711 25,978,106 13,084,222
Growth (%)

Jun-15
163,102
20.04%
20.01%
10.30%
878,821
510,126
29,909
62,638
9,371,440
50,209
49,860
37,730
42,550
34,571
37,082
2,182
3,816,150
4,460,650
5,231,903
5,353,232
2,749,885
12,695,885 16,043,618 18,829,934 20,654,783 10,336,519
26.37%
17.37%
24,304
11,525
-1,253
9.69%
2011
Period Attributable
12,246,044 15,504,067 18,203,753 19,871,873
9,924,439
12,479,456 16,256,581 17,996,086 21,482,680
9,958,804
12,029,615 15,717,030 17,369,905 20,699,770
9,546,724
2012
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
Dividend (Rp)
104.97
199.33
234.05
212.91
EPS (Rp)
524.83
664.46
780.16
851.65
425.33
BV (Rp)
2,685.19
3,279.98
3,805.31
4,493.34
4,682.65
DAR (X)
0.89
0.88
0.88
0.88
0.82
DER(X)
7.81
7.31
7.26
7.16
6.90
ROA (%)
2.30
2.52
2.57
2.42
1.13
ROE (%)
20.26
20.96
21.21
19.70
9.46
OPM (%)
43.33
46.12
46.91
41.47
37.85
NPM (%)
33.65
37.70
37.50
32.97
29.90
Payout Ratio (%)
20.00
30.00
30.00
25.00
1.56
2.46
2.98
1.98
2013
2014
Jun-15

20,655
18,830
20,655
Yield (%)
2014
16,512,035 20,504,268 24,061,837 26,008,015 13,086,404
Growth (%)
RATIOS
2013
15,954,037 15,019,850 17,432,216 23,505,518 13,371,176
Income Before Tax
2012
37,730,019 42,550,442 50,208,842 62,637,942 34,571,085
Growth (%)
2011
Jun-15
16,044
16,441
12,696
10,337
12,228
8,014
3,800
-413
2011
2012
2013
2014
Jun-15
45
COMPANY REPORT
BMTR
GLOBAL MEDIACOM TBK.
Company Profile
TheCompanystartedcommercialoperationsin1982.Thescopeofcompaniesitsactivities
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
companyofseveralsubsidiaries.
The Company is supported by two main lines of businesses that have generated major
revenuecontribution,namely,contentandadvertisingbasedmediamanagedbyPTMedia
NusantaraCitraTbk.(MNC)andsubscriptionbasedmedia,managedbyPTMNCSkyVision
Tbk (MSKY). Besides content and advertisingbased media and subscriptionbased media,
The Company is also engaged in the investment, infrastructure, new media (news portal
andonlinehomeshopping).
The Company focuses targets for its business lines mainly MNC and MNC Sky Vision.
Through FTA TV, MNC targets to be the leading national TV among others by increasing
audiencesharethroughbroadcastinghighqualityTVprogramminganddevelopingcontent
business.ThroughSINDOTV,MNCalsotargetstotransformlocalTVSindoTVintonational
TVnetworkbyintegratingexisting40regionalbroadcasters.ThroughMNCSkyVision,the
company targets to improve the servicequality delivered to the subscribers byproviding
anddevelopingexclusivecontentstosuitmarketdemandsandthustoincreasesubscribers
byenhancinggoodrelationshipswithnewandloyalcustomers.
TheCompanyhasitsexcellenceinprovidingthesrengthofitscorebusiness(FTA&PayTV)
and broadcast distinguished porgrams that attract more viewership especially women.
Through MSKY, the Company also has a competitive edge as it controls its sales and
distributions and has close to 20 exclusive TV channels, leveraging in particular its local
contentlibrary.
AtJune30,2015theCompanyanditssubsidiaries(Group)hadtotalemployeesof11,841
employees
August 2015
Disclaimer:
46
BMTR Global Mediacom Tbk. [S]
As of 31 July 2015
Main Board
Industry Sub Sector : Investment Company (98)
Individual Index
:
Listed Shares
:
1,013.324
14,198,613,922
17,677,274,332,890
50 | 17.7T | 0.36% | 74.57%

54 | 7.85T | 0.53% | 77.01%
COMPANY HISTORY
Established Date
: 30-Jun-1981
Listing Date
: 17-Jul-1995
Under Writer IPO :
PT Makindo
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
1. Rosano Barack
2. Bambang Rudjianto Tanoesoedibjo
3. Chang Long Jong
4. John Aristianto Prasetio *)
5. Kardinal Alamsyah Karim *)
6. Mohamed Idwan Ganie *)
BOARD OF DIRECTORS
1. Hary Tanoesoedibjo
2. David Fernando Audy
3. Handhianto Suryo Kentjono
4. Indra Pudjiastuti Prastomiyono
5. Oerianto Guyandi
6. Syafril Nasution
AUDIT COMMITTEE
1. Beti Puspitasari Santoso
2. Hery Kusnanto
3. John Aristianto Prasetio
4. Mohamed Idwan Ganie
CORPORATE SECRETARY
Ajun Sri Damayanti
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
: www.mediacom.co.id
: ajun.damayanti@mncgroup.com

1. DB AG HK S/A PT MNC Investama Tbk.-2059974012
2. PT MNC Investama Tbk.
3. DB AG HK S/A Tempus/Bmtr-2059974013
4. PT MNC Investama Tbk. 4 (Pledge Account)
5. Public (<5%)
Bonus
Cash
Year
1995
1996
1997
2000
2001
2002
2003
2005
2006
2007
2008
2009
2010
2012
2013
2014
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
25.00
25.00
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
16-Oct-14
27-May-15
3,276,739,030
2,826,259,970
877,000,000
763,743,500
6,454,871,422
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
21-Oct-14
01-Jun-15
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
17-Oct-14
28-May-15
:
:
:
:
:
23.78%
19.95%
6.18%
5.38%
44.71%
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
04-Nov-14
19-Jun-15
F/I
F
F
F
F
F
F
F
S
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.
Type of Listing
First Issue
Company Listing
Convertible Bond
Option Conversion
ESOP Conversion
Right Issue
Bonus Shares
Stock Split
ESOP Conversion I
ESOP Conversion I & II
ESOP Conversion I, II & III
ESOP Conversion II & III
ESOP Conversion II, III, IV & V
Revision ESOP II, III, IV & V
ESOP Conversion III, IV & V
ESOP Conversion IV & V
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
8,000
21,741,500
145,911,872
T:
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
28-May-14
:
:
:
:
:
:
:
:
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
20-Nov-14
47
BMTR Global Mediacom Tbk. [S]

Closing
Price*
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-11
Jan-12
Jan-13
Jan-14
Jan-15

350%
300%
250%
200%
150%
100.8%
95.8%
100%
50%
28.8%
-50%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
7,802
6,106
131
247
9,619
17,238
358
246
7,927
17,013
484
244
5,634
11,270
526
242
2,530
3,893
354
142
Price (Rupiah)
High
Low
Close
Close*
1,140
560
990
990
2,625
980
2,400
2,400
2,800
1,370
1,900
1,900
2,500
1,375
1,425
1,425
2,050
1,045
1,245
1,245
16.21
19.08
2.34
43.04
15.42
2.00
22.00
22.13
1.29
45.38
16.33
1.12
70.40
PER (X)
16.89
PER Industry (X)
1.63
PBV (X)
48
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Global Mediacom Tbk. [S]
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
770
900
900
870
840
870
890
890
890
850
1,070
1,140
Low
560
710
750
700
710
750
810
700
740
750
790
960
Close
720
890
840
750
840
840
870
770
820
800
980
990
(X)
13,084
8,926
13,280
9,483
16,802
8,093
9,106
6,066
8,965
4,553
17,702
14,476
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
1,950
2,185
2,500
2,405
2,290
2,200
2,145
2,045
2,125
1,965
2,000
1,610
1,780
1,745
2,115
2,100
2,050
2,000
1,900
1,745
1,885
1,745
1,605
1,375
1,850
2,185
2,350
2,190
2,050
2,125
1,920
1,935
1,945
1,960
1,605
1,425
29,385
34,222
36,263
42,963
47,499
84,349
42,640
42,518
41,246
55,469
28,501
40,757
195,531
170,355
293,514
559,651
551,725
985,902
663,996
614,598
406,747
352,204
203,819
635,529
364,107
327,917
694,364
1,270,060
1,208,378
2,107,593
1,341,742
1,158,193
803,456
666,963
358,803
968,053
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
2,015
2,050
2,025
1,795
1,580
1,330
1,245
1,390
1,720
1,670
1,400
1,275
1,045
1,090
1,855
2,015
1,750
1,550
1,290
1,170
1,245
60,991
46,069
49,125
40,448
50,073
71,841
35,181
440,605
262,325
373,592
250,699
394,587
597,032
211,282
793,168
489,181
704,175
402,986
541,817
717,028
244,332
21
19
22
21
19
21
19

636,476
415,505
634,291
823,568
497,457
404,603
368,590
284,932
1,570,436 1,181,554
1,653,609 1,256,582
289,997
247,567
232,788
299,919
211,406
168,273
77,013
61,201
976,165
808,327
397,335
410,227
21
18
23
20
21
20
21
19
20
21
22
21
BMTR GlobalMediacomTbk.[S]
Book End : December
Public Accountant : Osman Bing Satrio & Eny (Member of Deloitte Touche Tohmatsu Limited)
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
8,962,428
952,529
1,529,588
1,485,421
1,022,245
Receivables
2,843,567
3,113,957
3,630,541
3,617,304
3,762,802
Inventories
1,041,615
1,636,122
1,803,445
2,038,756
1,996,651
Current Assets
6,584,939 10,781,083
9,748,947 10,699,101 10,470,488
Fixed Assets
2,905,092
3,734,879
4,906,183
6,299,156
7,228,466
629,706
605,330
824,763
1,260,497
520,385
BALANCE SHEET
Other Assets
Total Assets
Assets
15,111,603 19,995,526 21,069,471 25,365,211 26,176,787
Growth (%)
15,750
10,500
5.37%
20.39%
3.20%
5,250
-
1,984,770
2,481,608
3,681,058
2,563,631
2,706,141
2,311,045
3,218,162
4,035,376
6,927,055
7,725,552
Total Liabilities
4,295,815
5,699,770
7,716,434
9,490,686 10,431,693
32.68%
35.38%
22.99%
9.92%
Growth (%)
21,000
32.32%
Current Liabilities
Liabilities
26,250
2011
2012
2013
2014
Jun-15

Authorized Capital
1,500,000
1,500,000
1,500,000
5,575,000
5,575,000
Paid up Capital
1,379,116
1,396,796
1,405,270
1,419,861
1,419,861
13,791
13,968
14,053
14,199
14,199
100
100
100
100
100
4,556,723
5,670,496
5,956,634
6,313,752
6,157,260

Par Value
Retained Earnings
Total Equity
10,815,788 14,295,756 13,353,037 15,874,525 15,745,094
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
7,162,935
Growth (%)
32.17%
-6.59%
18.88%
Dec-12
Dec-13
Dec-14
Jun-15
8,925,419 10,019,977 10,657,152
5,526,621
24.61%
12.26%
-0.82%
6.36%
12,636
3,919,690
4,753,060
5,486,919
6,131,982
3,350,520
3,243,245
4,172,359
4,533,058
4,525,170
2,176,101
Expenses (Income)
1,646,710
1,610,968
3,021,595
2,607,623
1,486,281
Growth (%)
Tax
2014
Jun-15
9,398
6,159
2,921
2012
2013

10,020
10,657
10,657
8,925
8,483
Income before Tax
15,745
10,816
2011
Gross Profit
15,875
13,353
-317
Cost of Revenues
Operating Profit
14,296
15,875
1,596,535
2,561,391
1,511,463
1,917,547
689,820
432,765
567,902
481,817
627,539
232,922
1,163,770
1,993,489
1,029,646
1,290,008
456,898
71.30%
-48.35%
25.29%
Growth (%)
7,163
5,527
6,309
4,135
1,961
779,363
1,299,085
620,395
704,981
194,788
1,190,493
2,068,219
1,101,619
1,194,206
488,352
796,711
1,369,492
692,368
609,179
226,242
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
331.77
434.44
264.84
417.34
386.92
24.00
25.00
25.00
Period Attributable
Current Ratio (%)

Dividend (Rp)
EPS (Rp)
56.51
93.00
44.15
49.65
13.72
BV (Rp)
784.25
1,023.47
950.21
1,118.03
1,108.92
DAR (X)
0.28
0.29
0.37
0.37
0.40
DER(X)
0.40
0.40
0.58
0.60
0.66
ROA (%)
7.70
9.97
4.89
5.09
1.75
ROE (%)
10.76
13.94
7.71
8.13
2.90
GPM (%)
45.28
46.75
45.24
42.46
39.37
OPM (%)
NPM (%)
16.25
22.33
10.28
12.10
8.27
Payout Ratio (%)
25.81
56.63
50.35
Yield (%)
1.00
1.32
1.75
-213
2011
2012
2013
2014
Jun-15

1,993
1,993
1,587
1,290
1,164
1,030
1,180
773
457
367
-40
2011
2012
2013
2014
Jun-15
49
CC O
OM
M PP A
AN
N YY RR EE PP O
O RR TT
BSDE
BUMI SERPONG DAMAI TBK.
Company Profile
PT Bumi Serpong Damai Tbk. was established in 1984 and started its commercial
operations in 1989. The Companys pupose and objective is to engage in real estate
developmentactivities.
Nowadays,theCompanyhasbecomealeadingpropertydeveloperinIndonesiawiththe
mainpropertyprojectssituatedinSerpong(BSDCity),anddiversifyingtoJakarta,Bekasi,
Cibubur, Surabaya, Medan and Balikpapan, also expanding to Samarinda, Manado and
Palembang.
Since2008,theCompanyhasbecomeapubliccompanythatlistedintheIndonesiaStock
Exchange. In end of 2010, the Company has done the acquisition process on affiliated
companies in PT Duta Pertiwi Tbk., PT Sinar Mas Teladan and PT Sinar Mas Wisesa. The
acquisition is expected to increase Companys performance particularly due to higher
revenueportfolioandbusinessdiversification.
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.
AsofJune30th,2015,theCompanyhad2,042employees.
August 2015
Disclaimer:
50
BSDE Bumi Serpong Damai Tbk. [S]

Main Board
As of 31 July 2015
Individual Index
:
Listed Shares
:
350.633
19,246,696,192
34,451,586,183,680
26 | 34.5T | 0.69% | 63.52%

30 | 13.7T | 0.93% | 59.24%
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
PT Sinartama Gunita
Sinar Mas Land Plaza Menara I 9th Fl.
Jln. M.H. Thamrin No. 51 Jakarta 10350
Phone : (021) 392-2332
Fax
: (021) 392-3003
1. Muktar Widjaja
2. Edwin Hidayat *)
3. Franky Oesman Widjaja
4. Susiyati Bambang Hirawan *)
5. Teddy Pawitra *)
6. Teky Mailoa
7. Welly Setiawan Prawoko
8. Yoseph Fransciscus Bonang

1. PT Paraga Arta Mida
2. PT Ekacentra Usahamaju
3. Public (<5%)
5,113,851,730 :
5,095,531,900 :
9,037,312,562 :
Bonus
Cash
Year
2008
2009
2010
2012
2013
2014
Shares
Dividend
4.00
6.00
6.00
15.00
15.00
15.00
Cum Date
01-Jul-09
01-Jul-10
05-Jul-11
21-Jun-13
12-Jun-14
13-May-15
Ex Date
02-Jul-09
02-Jul-10
06-Jul-11
24-Jun-13
13-Jun-14
15-May-15
Recording
Date
06-Jul-09
06-Jul-10
08-Jul-11
26-Jun-13
17-Jun-14
19-May-15
26.57%
26.47%
46.95%
Payment
Date
22-Jul-09
20-Jul-10
22-Jul-11
10-Jul-13
01-Jul-14
05-Jun-15
F
F
F
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
Type of Listing
First Issue
Company Listing
Right Issue I
Add. Listing without Right Issue
Add. Listing without Right Issue
Shares
1,093,562,000
9,842,060,870
6,561,373,722
874,849,800
874,849,800
Listing
Date
06-Jun-08
06-Jun-08
21-Dec-10
16-May-14
14-Apr-15
Trading
Date
06-Jun-08
01-Feb-09
21-Dec-10
16-May-14
14-Apr-15
BOARD OF DIRECTORS
1. Franciscus Xaverius Ridwan Darmali
2. Hermawan Wijaya
3. Hongky Jeffry Nantung
4. Liauw Herry Hendarta
5. Lie Jani Harjanto
6. Michael J.P. Widjaja
7. Monik William
8. Petrus Kusuma
9. Syukur Lawigena
AUDIT COMMITTEE
1. Susiyati Bambang Hirawan
2. Edwin Hidayat
3. Herawan Hadidjaja
CORPORATE SECRETARY
Christy Grassela
HEAD OFFICE
Sinar Mas Land Plaza
Grand Boulevard, BSD Green Office Park
Tangerang 15345
Phone : (021) 503-68368
Fax
: (021) 537-3008
Homepage
Email
F/I
: www.bsdcity.com
: christy.grassela@sinarmasland.com
51

Closing
Price*
Volume
(Mill. Sh)
2,400
560
2,100
490
1,800
420
1,500
350
1,200
280
900
210
600
140
300
70
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

210%
180%
150%
147.2%
120%
103.4%
90%
60%
30%
-30%
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
4,278
3,741
122
247
9,294
11,108
223
246
11,028
17,817
404
244
6,167
9,857
441
242
5,063
10,016
355
142
Price (Rupiah)
High
Low
Close
Close*
1,080
630
980
980
1,490
930
1,110
1,110
2,200
1,090
1,290
1,290
1,895
1,200
1,805
1,805
2,230
1,605
1,790
1,790
13.12
17.34
1.84
8.39
9.57
1.68
7.76
16.29
1.89
604.63
17.42
1.62
16.94
PER (X)
11.09
PER Industry (X)
2.08
PBV (X)
52
Freq.
Volume
Value
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
940
750
840
960
940
920
1,060
1,080
1,050
950
980
1,010
Low
700
630
670
810
860
810
850
810
730
760
820
840
Close
720
670
840
920
910
900
1,020
1,040
870
920
850
980
(X)
15,703
10,313
10,660
8,170
8,076
5,026
9,762
11,015
12,876
12,037
9,220
9,577
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
1,600
1,600
1,750
1,705
1,620
1,610
1,685
1,655
1,660
1,610
1,790
1,895
1,200
1,405
1,490
1,455
1,510
1,425
1,470
1,525
1,510
1,420
1,510
1,620
1,440
1,535
1,635
1,560
1,610
1,485
1,585
1,605
1,545
1,605
1,770
1,805
37,323
33,288
49,830
41,654
25,751
29,429
41,820
35,408
38,489
44,191
25,353
38,562
489,096
536,893
1,086,155
642,305
310,042
250,899
581,695
402,011
410,647
469,700
415,384
571,770
698,307
824,896
1,786,918
1,023,903
488,501
386,497
937,267
642,263
651,533
713,262
676,549
1,026,692
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
2,185
2,230
2,220
2,210
1,995
1,925
1,885
1,790
1,990
1,995
1,800
1,780
1,605
1,660
2,020
2,220
2,135
1,865
1,905
1,670
1,790
54,447
53,279
62,387
47,444
46,933
49,946
40,599
1,380,570
819,829
862,616
642,577
599,520
418,594
339,339
2,725,175
1,719,779
1,783,198
1,310,178
1,140,180
739,731
597,979
21
19
22
21
19
21
19

509,989
405,075
326,149
219,786
348,553
263,526
278,955
247,648
268,681
243,513
171,264
149,631
517,923
497,968
391,705
385,835
384,121
340,537
339,536
301,160
290,994
261,508
424,577
449,764
21
18
23
20
21
20
21
19
20
21
22
21
28.8%
Jan 11
Closing Price
Day
TRADING ACTIVITIES

Bumi Serpong Damai Tbk. [S]

Book End : December
Public Accountant : Mulyamin Sensi Suryanto & Lianny (independent member of Moore Stephens International Limited)
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
3,479,092
3,961,465
4,331,624
2,966,814
6,889,226
Assets
Receivables
86,978
83,188
110,327
138,627
113,571
Inventories
3,012,273
3,374,802
3,796,776
5,239,017
5,712,070
Investment
636,702
769,378
1,652,477
5,735,418
6,353,942
Fixed Assets
486,920
415,371
437,868
607,790
750,616
5,849
415
415
415
415
Other Assets
Total Assets
12,787,377 16,756,718 22,572,159 28,134,725 34,609,738
Growth (%)
14,000
24.64%
23.01%
7,000
-
97,000
91,000
1,362,669
1,523,011
1,603,028
44,602
177,681
95,715
158,055
270,412
4,530,152
6,225,014
9,156,861
37.41%
47.10%
5.51%
38.19%
Growth (%)
21,000
34.71%
Trade Payable
Total Liabilities
28,000
31.04%
Bank Payable
Liabilities
35,000
2011
2012
2013
2014
Jun-15
9,661,295 13,350,742
Authorized Capital
4,000,000
4,000,000
4,000,000
4,000,000
4,000,000
Paid up Capital
1,749,700
1,749,700
1,749,700
1,837,185
1,924,670
17,497
17,497
17,497
18,372
19,247
100
100
100
100
100
1,828,867
2,939,944
5,368,885

Par Value
Retained Earnings
Total Equity
27.55%
INCOME STATEMENTS
Total Revenues
27.38%
37.70%
15.08%
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
2,806,339
3,727,812
5,741,264
5,571,872
3,367,146
32.84%
54.01%
-2.95%
Growth (%)
13,415
10,532
12,585
8,257
8,248
3,912
-425
2011
Cost of Revenues
1,021,278
1,346,826
1,575,447
1,440,361
856,239
Gross Profit
1,785,061
2,380,986
4,165,817
4,131,511
2,510,907
Operating Expenses
824,506
949,431
1,256,190
1,499,935
807,279
Operating Profit
960,555
1,431,555
2,909,627
2,631,576
1,703,628
49.03%
103.25%
-9.56%
155,769
221,921
322,189
8,170
6,504
1,170,231
1,696,564
3,278,954
4,306,326
1,710,132
Growth (%)
16,922
8,913,859 10,000,775
8,257,225 10,531,704 13,415,298 18,473,430 21,258,997
Growth (%)
21,259
18,473
2012
2013
2014
Jun-15

5,741
5,572
5,741
4,570

Income before Tax
Tax
158,197
217,705
373,306
309,862
188,629
1,012,034
1,478,859
2,905,649
3,996,464
1,521,503
46.13%
96.48%
37.54%
Growth (%)
3,728
3,399
3,367
2,806
2,228
1,056
840,780
1,286,047
2,691,396
3,820,552
1,415,283
1,012,301
1,480,581
2,909,347
3,994,332
1,514,692
840,949
1,287,149
2,695,880
3,817,256
1,408,709
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
15.00
15.00
15.00
EPS (Rp)
48.05
73.50
153.82
207.96
73.53
BV (Rp)
471.92
601.91
766.72
1,005.53
1,104.55
DAR (X)
0.35
0.37
0.41
0.34
0.39
DER(X)
0.55
0.59
0.68
0.52
0.63
ROA (%)
7.91
8.83
12.87
14.20
4.40
ROE (%)
12.26
14.04
21.66
21.63
7.16
GPM (%)
63.61
63.87
72.56
74.15
74.57
OPM (%)
34.23
38.40
50.68
47.23
50.60
NPM (%)
36.06
39.67
50.61
71.73
45.19
Payout Ratio (%)
20.41
9.75
7.21
Yield (%)
1.35
1.16
0.83
Period Attributable
Dividend (Rp)
-115
2011
2012
2013
2014
Jun-15

3,996
3,996
2,906
3,181
2,366
1,522
1,479
1,551
1,012
735
-80
2011
2012
2013
2014
Jun-15
53
COMPANY REPORT
CPIN
CHAROEN POKPHAND INDONESIA TBK.
Company Profile
PT Charoen Pokphand Indonesia Tbk. was established dated January 7th, 1972. The
Companystarteditscommercialoperationsin1972.
TheCompanyisengagedinpoultryfeed,breedingandcultivationofbroilertogetherwith
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
territoryofRepublicofIndonesia.
The Companys branches are located in Sidoardjo, Medan, Tangerang, Cirebon, Balaraja,
Serang,Lampung,Denpasar,Surabaya,Semarang,Makasar,andSalatiga.
TheCompanyhasdirectandindirectownershipinsubsidiaries:
PTCharoenPokphandJayaFarm,
PTPrimafoodInternational,
PTVistaGrain,
PTPolyPackagingIndustry,
PTFeprotamaPertiwi,
PTAgricoInternational,
PTSaranaProteindoUtama
PTSingaMasInternational
PTPrimaRitelIndonesia
PTPrimaPersadaPropertindo.
TheCompanyandSubsidiarieshad4,794employeesasofjune30th,2015.
August 2015
Disclaimer:
54
CPIN Charoen Pokphand Indonesia Tbk. [S]
As of 31 July 2015
Main Board
Industry Sector : Basic Industry And Chemicals (3)
Industry Sub Sector : Animal Feed (36)
Individual Index
:
Listed Shares
:
11,545.293
16,398,000,000
41,568,930,000,000
20 | 41.6T | 0.84% | 58.81%

59 | 6.63T | 0.45% | 79.38%
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
PT Adimitra Transferindo
Plaza Property 2nd Fl. Komp. Pertokoan Pulomas Blok VIII No. 1
Jln. Perintis Kemerdekaan Jakarta 13210

Phone : (021) 478-81515 (Hunting)
Fax
: (021) 470-9697
1. Hadi Gunawan Tjoe
2. Herman Sugianto *)
3. Jiacipto Jiaravanon
4. Jialipto Jiaravanon
5. Suparman S. *)
6. Tjiu Thomas Effendy
BOARD OF DIRECTORS
1. Rusmin Riyadi
2. Eddy Dharmawan Mansjoer
3. Ferdiansyah Gunawan Tjoe
4. Jemmy
5. Ong Mei Sian
6. Peraphon Prayooravong
7. Vinai Rakphongphairoj
AUDIT COMMITTEE
1. Herman Sugianto
2. Kong Djung Hin
3. Petrus Julius
4. Suparman Sastrodimedjo
5. Yustinus Eddy Tiono
CORPORATE SECRETARY
Hadijanto Kartika
HEAD OFFICE
Jln. Ancol VIII/1
Jakarta 14430

1. PT Central Agromina
2. Public (<5%)
9,106,385,410 :
7,291,614,590 :
Bonus
Cash
Year
1990
1991
1992
1992
1993
1993
1993
1994
1995
1997
1996
1999
2001
2002
2006
2009
2010
2011
2012
2013
2014
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
39.80
42.00
46.00
46.00
18.00
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
16-Jun-11
07-Jun-12
28-Jun-13
30-Jun-14
26-Jun-15
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
17-Jun-11
08-Jun-12
01-Jul-13
01-Jul-14
29-Jun-15
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
21-Jun-11
12-Jun-12
03-Jul-13
03-Jul-14
01-Jul-15
55.53%
44.47%
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
05-Jul-11
26-Jun-12
17-Jul-13
18-Jul-14
15-Jul-15
F
F
I
F
I
I
F
F
I
B
F
F
F
F
F
F
F
F
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
Phone : (021) 692-7068

Fax
: (021) 690-7324
Homepage
Email
F/I
: www.cp.co.id
: hadijanto@cp.co.id
55

Closing
Price*
Volume
(Mill. Sh)
5,600
640
4,900
560
4,200
480
3,500
400
2,800
320
2,100
240
1,400
160
700
80
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

Basic Industry and Chemicals Index
210%
180%
150%
120%
90%
60%
41.6%
28.8%
30%
1.7%
-30%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
5,485
11,691
408
247
3,173
9,087
237
246
2,832
11,754
389
244
2,583
10,234
528
242
1,006
3,448
311
142
2,975
1,380
2,150
2,150
3,650
2,100
3,650
3,650
5,550
2,550
3,375
3,375
4,500
3,260
3,780
3,780
4,025
2,450
2,535
2,535
22.33
9.79
7.32
21.87
6.83
5.56
27.14
16.60
5.68
808.05
13.88
3.56
Price (Rupiah)
High
Low
Close
Close*
14.95
PER (X)
10.41
PER Industry (X)
5.70
PBV (X)
56
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Charoen Pokphand Indonesia Tbk. [S]
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
1,900
1,730
2,025
2,050
1,960
2,025
2,875
2,925
2,975
2,850
2,725
2,450
Low
1,380
1,460
1,480
1,910
1,830
1,830
1,990
2,225
1,910
2,125
2,175
2,050
Close
1,490
1,520
2,025
1,930
1,930
1,990
2,725
2,750
2,400
2,675
2,300
2,150
(X)
38,004
28,352
47,145
24,105
26,170
19,160
27,950
56,102
50,440
34,599
27,967
28,085
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
4,225
4,245
4,500
4,280
4,025
3,940
4,070
4,080
4,345
4,250
4,160
4,230
3,260
3,840
3,950
3,770
3,690
3,700
3,750
3,845
3,800
3,700
3,725
3,700
4,135
4,235
3,995
3,770
3,775
3,770
3,950
3,845
4,240
4,200
4,110
3,780
52,996
39,926
52,039
55,123
36,562
37,159
38,918
36,653
51,557
46,971
32,369
47,461
197,493
164,966
218,463
207,713
202,005
94,959
702,054
123,617
196,641
165,721
150,127
159,444
749,683
664,928
911,471
833,655
788,856
363,997
2,740,259
493,004
815,987
661,121
589,361
621,438
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
4,025
3,925
3,830
3,695
3,395
3,190
2,890
3,725
3,740
3,345
2,820
2,700
2,700
2,450
3,955
3,785
3,545
2,835
3,140
2,750
2,535
47,230
39,903
45,919
50,293
46,791
42,679
38,397
169,097
181,862
172,460
137,795
135,282
113,524
95,655
657,060
693,947
631,070
460,367
412,951
331,980
260,266
21
19
22
21
19
21
19

518,564
857,993
613,020
388,787
820,665 1,411,264
298,075
583,449
306,123
580,528
341,579
660,625
434,797 1,026,968
751,536 1,976,446
668,175 1,670,181
367,795
913,970
284,756
706,453
304,442
689,839
21
18
23
20
21
20
21
19
20
21
22
21

Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
876,198
954,694
1,146,852
884,831
1,244,075
Assets
Receivables
1,381,707
1,846,576
2,531,089
3,522,209
4,265,201
Inventories
2,339,543
3,366,317
4,044,737
4,333,238
4,730,116
Current Assets
5,250,245
7,180,890
8,824,900 10,009,670 11,613,764
Fixed Assets
3,198,604
4,593,000
6,389,545
9,058,302
9,885,729
51,645
46,105
49,920
78,296
90,861
Other Assets
Total Assets
8,848,204 12,348,627 15,722,197 20,862,439 23,759,500
Growth (%)
15,000
10,000
27.32%
32.69%
13.89%
5,000
-
1,575,552
2,167,652
2,327,048
4,467,240
4,361,763
1,083,182
2,004,511
3,444,249
5,451,910
7,728,823
Total Liabilities
2,658,734
4,172,163
5,771,297
9,919,150 12,090,586
56.92%
38.33%
71.87%
21.89%
Growth (%)
20,000
39.56%
Current Liabilities
Liabilities
25,000
2011
2012
2013
2014
Jun-15

Authorized Capital
400,000
400,000
400,000
400,000
400,000
Paid up Capital
163,980
163,980
163,980
163,980
163,980
16,398
16,398
16,398
16,398
16,398
10
10
10
10
10
Retained Earnings
5,876,112
7,871,460
9,648,061 10,640,548 11,366,303
Total Equity
6,189,470
8,176,464
9,950,900 10,943,289 11,668,914

Par Value
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
Gross Profit
Expenses (Income)
Operating Profit
21.70%
9.97%
6.63%
Dec-12
Dec-13
Dec-14
Jun-15
9,951
18.67%
6,189
4,528
2,147
20.42%
13.59%
-233
2011
3,924,246
4,491,512
5,149,808
4,134,255
2,555,214
915,033
1,032,832
1,571,511
1,766,507
1,140,430
3,009,213
3,458,680
3,758,297
2,367,748
1,414,784
Tax
2013
2014
Jun-15
14.94%
8.66%
-37.00%
-34,633
-82,181
-126,964
-260,856
-262,272
2,974,580
3,376,499
3,451,333
2,106,892
1,152,512
612,083
695,627
922,643
360,248
193,268
2,362,497
2,680,872
2,528,690
1,746,644
959,244
13.48%
-5.68%
-30.93%

29,150
25,663
29,150
21,311
23,204
Income before Tax
2012
14,033,726 16,819,413 20,513,184 25,016,020 12,698,886
Growth (%)
11,669
8,176
9,288
6,908
10,943
17,957,972 21,310,925 25,662,992 29,150,275 15,254,100
Growth (%)
Cost of Revenues
32.10%
11,669
Growth (%)
17,958
15,254
17,257
11,310
5,364
Period Attributable
2,355,475
2,684,064
2,530,909
1,746,644
959,374
2,362,497
2,680,872
2,528,690
1,746,644
959,244
2,355,475
2,684,064
2,530,909
1,746,795
959,374
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
333.23
331.28
379.23
224.07
266.26
42.00
46.00
46.00
18.00
EPS (Rp)
143.64
163.68
154.34
106.52
58.51
BV (Rp)
377.45
498.63
606.84
667.36
711.61
DAR (X)
0.30
0.34
0.37
0.48
0.51
DER(X)
RATIOS
Current Ratio (%)
Dividend (Rp)
0.43
0.51
0.58
0.91
1.04
ROA (%)
26.70
21.71
16.08
8.37
4.04
ROE (%)
38.17
32.79
25.41
15.96
8.22
GPM (%)
21.85
21.08
20.07
14.18
16.75
OPM (%)
16.76
16.23
14.64
8.12
9.27
NPM (%)
13.16
12.58
9.85
5.99
6.29
Payout Ratio (%)
29.24
28.10
29.80
16.90
1.95
1.26
1.36
0.48
Yield (%)
-583
2011
2012
2013
2014
Jun-15

2,681
2,681
2,362
2,529
2,134
1,747
1,587
959
1,040
493
-54
2011
2012
2013
2014
Jun-15
57
CC O
OM
M PP A
AN
N YY RR EE PP O
O RR TT
EXCL
XL AXIATA TBK.
Company Profile
PTXLAxiataTbk.whichpreviouslyknownasPTExcelcomindoPratamaTbk.,wasinitially
establishedunderthenamePTGrahametropolitanLestari,wasestablishedonOctober6th,
1989.
TheCompanysmajorityshareholder,AxiataInvestments(Indonesia)Sdn.Bhd.isawholly
owned subsidiary of Axiata Investments (Labuan) Limited. Axiata Investments (Labuan)
LimitedisasubsidiaryofAxiataGroupBerhad.
The Companys purpose is to provide telecommunications services and/or

telecommunicationsnetworksand/ormultimediaservices.TheCompanycommencedits
commercialoperationsin1996.
TheCompanyhasthesubsidiarieswhichwereestablishedforissuanceofbondsandloans:
GSMOne(L)Ltd.Malaysia,
GSMTwo(L)Ltd.Malaysia.
On26September2013,theCompanysignedaConditionalSalePurchaseAgreementofPT
AXIS Telekom Indonesia (AXIS) with Saudi Telecom Company (STC) and Teleglobal
InvestmentB.V.(Teleglobal).Undertheagreement,TeleglobalshallsellandtheCompany
shallpurchaseTeleglobalsshareownershipinAXISundercertainconditions.
Extraordinary General Meeting of Shareholders of the Company on 5 February 2014

approvedtheacquisitionandmergerplanoftheCompanyandAXIS.On19March2014the
sale and purchase transaction has become effective. The Company accounts for the
acquisition of AXIS by applying the acquisition method. Subsequently, the Company and
AXIS merged effective as at 8 April 2014. At the effective date of merger, all asset and
liabilitiesofAXISweretransferredtotheCompanyandaccordingtolaw,thelegalentityof
AXISwasdissolved.
August 2015
Disclaimer:
58
EXCL XL Axiata Tbk.
As of 31 July 2015
Main Board
Industry Sector : Infrastructure, Utilities And Transportation (7)
Industry Sub Sector : Telecommunication (73)
Individual Index
:
Listed Shares
:
148.250
8,541,381,670
25,325,196,651,550
33 | 25.3T | 0.51% | 67.48%

45 | 10.5T | 0.71% | 71.37%
COMPANY HISTORY
Established Date
: 06-Oct-1989
Listing Date
: 29-Sep-2005
Under Writer IPO :
PT CIMB Niaga Securities
PT GK Goh Indonesia
PT Datindo Entrycom
Phone : (021) 570-9009
Fax
: (021) 570-9026
1. YBhg Tan Sri Dato' Muhammad Radzi bin Haji Mansor
2. Azran Osman Rani
3. Chari TVT
4. Muhamad Chatib Basri
5. Peter J. Chambers *)
6. Yasmin Stamboel Wirjawan *)
7. YBhg Dato' Sri Jamaludin bin Ibrahim
BOARD OF DIRECTORS
1. Dian Siswarini
2. Mohamed Adlan bin Ahmad Tajudin
3. Ongki Kurniawan
4. Williem Lucas Timmermans

1. Axiata Investments (Indonesia) Sdn. Bhd.
2. Public (<5%)
Bonus
Cash
Year
2006
2007
2010
2011
2012
2013
Shares
Dividend
7.00
20.00
107.00
129.88
135.00
64.00
Cum Date
22-May-07
28-Apr-08
11-May-11
20-Apr-12
02-May-13
13-May-14
Ex Date
23-May-07
29-Apr-08
12-May-11
23-Apr-12
03-May-13
14-May-14
5,674,125,290 :
2,867,256,380 :
Recording
Date
25-May-07
02-May-08
16-May-11
25-Apr-12
07-May-13
19-May-14
66.43%
33.57%
Payment
Date
11-Jun-07
16-May-08
31-May-11
09-May-12
22-May-13
04-Jun-14
I
F
F
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
Type of Listing
First Issue
Company Listing
Right Issue
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
6,891,003
Listing
Date
29-Sep-05
29-Sep-05
16-Dec-09
26-Apr-11
16-Apr-12
12-Apr-13
21-Apr-15
Trading
Date
29-Sep-05
29-Sep-05
16-Dec-09
26-Apr-11
16-Apr-12
12-Apr-13
21-Apr-15
AUDIT COMMITTEE
1. Peter J. Chambers
2. Haryanto Thamrin
3. Paul Capelle
4. Yasmin Stamboel Wirjawan
CORPORATE SECRETARY
Murni Nurdini
HEAD OFFICE
Grha XL
Jln. DR. Ide Anak Agung Gde Agung Lot. E4 - 7 No. 1
Kawasan Mega Kuningan, Jakarta Selatan 12950
Phone : (021) 576-1881
Fax
: (021) 576-1880
Homepage
Email
F/I
: www.xl.co.id
: murni@xl.co.id
59
EXCL XL Axiata Tbk.

Closing
Price*
Volume
(Mill. Sh)
7,400
800
6,475
700
5,550
600
4,625
500
3,700
400
2,775
300
1,850
200
925
100
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

Infrastructure, Utilities and Transportation Index
60%
45%
30%
28.8%
23.0%
15%
-15%
-30%
-43.5%
-45%
-60%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
1,467
8,209
130
247
2,364
14,149
134
246
2,047
10,130
191
244
1,790
9,610
357
242
1,183
5,048
264
142
Price (Rupiah)
High
Low
Close
Close*
7,100
3,675
4,525
4,525
7,400
4,400
5,700
5,700
6,050
3,750
5,200
5,200
7,075
3,990
4,865
4,865
5,225
2,750
2,965
2,965
17.71
17.53
3.16
42.97
12.11
2.90
-34.55
20.04
2.97
-14.88
10.01
1.91
13.62
PER (X)
11.09
PER Industry (X)
2.82
PBV (X)
60
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

XL Axiata Tbk.
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
5,950
5,800
5,900
7,100
7,000
6,300
6,350
5,800
5,650
5,700
5,550
4,750
Low
4,975
4,975
5,250
5,500
6,050
5,700
5,700
4,600
3,675
4,425
4,500
4,150
Close
5,250
5,700
5,450
6,800
6,150
6,150
5,750
5,050
4,975
5,000
4,650
4,525
(X)
4,925
4,978
4,143
8,002
17,490
14,706
10,177
16,016
14,667
12,608
10,207
11,596
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
5,300
5,000
4,550
5,175
5,575
5,450
5,525
6,025
7,075
6,300
5,525
5,150
4,850
4,300
3,990
4,365
4,860
4,900
5,000
5,375
5,400
5,125
4,980
4,580
4,850
4,650
4,400
5,175
5,475
5,100
5,400
5,950
6,200
5,525
5,100
4,865
22,225
32,727
33,592
28,635
26,302
28,657
20,387
31,608
34,983
32,758
27,877
37,529
99,350
103,733
97,339
305,643
109,043
67,767
53,902
337,915
190,918
156,530
126,255
141,702
503,950
480,312
421,072
1,568,654
573,104
345,596
286,216
1,932,196
1,228,932
919,631
658,998
691,756
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
5,000
5,225
4,800
4,450
4,350
4,460
3,710
4,300
4,610
4,175
3,905
3,800
3,650
2,750
4,800
4,795
4,350
4,035
4,290
3,685
2,965
47,136
32,949
49,816
37,660
29,621
31,254
35,973
229,930
121,070
230,600
195,169
100,898
164,023
141,421
1,060,346
593,061
1,018,405
838,312
407,344
677,856
452,658
21
19
22
21
19
21
19

56,510
311,674
685,980
130,463
116,397
655,579
82,986
505,343
292,579 1,875,647
180,249 1,088,323
108,508
657,815
512,779
97,839
87,788
444,954
79,468
395,922
83,184
405,435
150,947
669,847
21
18
23
20
21
20
21
19
20
21
22
21
EXCL XL Axiata Tbk.

Public Accountant : Tanudiredja, Wibisana, Rintis & Rekan (Member of PricewaterhouseCoopers Global Network)
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
998,113
791,805
1,317,996
6,951,316
5,500,413
Receivables
669,978
597,077
1,332,444
264,902
1,538,134
Inventories
66,595
49,807
49,218
77,237
58,745
3,387,237
3,658,985
BALANCE SHEET
Current Assets
Fixed Assets
Other Assets
Total Assets
Assets
5,844,114 13,309,762 12,414,686
25,614,830 29,643,274 30,928,452 35,859,030 34,592,575

2,050,802
431,359
468,199
412,648
378,112
31,170,654 35,455,705 40,277,626 63,706,488 62,406,754
13.75%
Growth (%)
8,739,996
13.60%
58.17%
60,000
45,000
30,000
15,000
7,931,046 15,398,292 15,949,998
8,728,212
8,749,930 11,345,673 17,046,433 34,347,571 33,214,959
Liabilities
75,000
-2.04%
Current Liabilities
Total Liabilities
Book End : December
2011
2012
2013
2014
Jun-15
17,478,142 20,085,669 24,977,479 49,745,863 49,164,957
14.92%
24.35%
99.16%
-1.17%
2,265,000
2,265,000
2,265,000
2,265,000
2,265,000
851,857
852,628
853,449
853,449
854,138
8,519
8,526
8,534
8,534
8,541
100
100
100
100
100
7,426,556
9,063,057
8,966,866
7,509,832
6,761,310
Growth (%)

Authorized Capital
Paid up Capital
Par Value
Retained Earnings
Total Equity
13,692,512 15,370,036 15,300,147 13,960,625 13,241,797
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
12.25%
-0.45%
-8.75%
-5.15%
Dec-12
Dec-13
Dec-14
Jun-15
12.06%
1.41%
10.32%
13,961
13,242
12,235
9,099
5,964
2,828
-307
2011
Cost of Revenues
Gross Profit
Operating Profit
15,300
18,712,778 20,969,806 21,265,060 23,460,015 11,091,325
Growth (%)
Expenses (Income)
15,370
13,693
4,352,463
Growth (%)
1,658,288
428,412
-61.90%
-74.17%
2013
2014
Jun-15
14,210,511 16,617,343 19,606,772 23,031,603 10,564,182

-
2012
23,460
527,143
20,970
23,460
21,265
18,713
18,674
-637,624
-601,042
-268,621
-1,498,198
-1,775,957
Income before Tax
3,864,643
3,751,421
1,389,667
-1,069,786
-1,248,814
Tax
1,034,542
-986,774
356,850
178,723
-397,927
2,830,101
2,764,647
1,032,817
-891,063
-850,887
-2.31%
-62.64%
N/A
Growth (%)
11,091
13,888
9,102
4,317
Period Attributable
2,830,101
2,764,647
1,032,817
-891,063
-850,887
2,830,101
2,743,915
1,055,965
-917,315
-835,871
2,830,101
2,743,915
1,055,965
-917,315
-835,871
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
38.81
41.86
73.69
86.44
77.84
129.88
135.00
64.00
RATIOS
Current Ratio (%)
Dividend (Rp)
332.23
324.25
121.02
-104.41
-99.62
BV (Rp)
1,607.37
1,802.67
1,792.74
1,635.79
1,550.31
DAR (X)
0.56
0.57
0.62
0.78
0.79
DER(X)
1.28
1.31
1.63
3.56
3.71
ROA (%)
9.08
7.80
2.56
-1.40
-1.36
ROE (%)
20.67
17.99
6.75
-6.38
-6.43
GPM (%)
OPM (%)
20.76
7.80
1.83
4.75
NPM (%)
15.12
13.18
4.86
-3.80
-7.67
Payout Ratio (%)
39.09
41.63
52.89
2.87
2.37
1.23
EPS (Rp)
Yield (%)
-469
2011
2012
2013
2014
Jun-15

2,830
2,765
2,830
2,086
1,033
1,342
597
2014
Jun-15
-891
-851
-147
2011
2012
2013
-891
61
COMPANY REPORT
GGRM
GUDANG GARAM TBK.
Company Profile
PT Gudang Garam Tbk. previously named as PT Perusahaan Rokok Tjap Gudang Garam
Kediri (PT Gudang Garam), was established on June 30th, 1971. The Company is a
continuation of a Proprietorship which was established in 1958. In 1969, the Company
changed its legal status to a Partnership and in 1971 it was further changed its existing
legalentityasaLimitedLiabilityCompany.Commercialoperationwascommencedin1958.
The Company is engaged in cigarette industry and other related cigarette industry
activities.PTSuryaDutaInvestaistheCompanysultimateparent.
The Companys Head Office at Jln. Semampir II/1, Kediri, East Java, and its plants are
located in Kediri, Gempol, and SoloKartasura. The Company also has representative
offices, which are Jakarta Representative Office at Jln. Jenderal A. Yani 79, Jakarta and
SurabayaRepresentativeOfficeatJln.Pengenal715,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)andMachinemadeKretekCigarette(SKM)thathasbeendistributedboth
nationwideandworldwide.
Measuredbytotalasset,productssalesgain,numberofemployees,taxandcustomsand
other contributions, PT Gudang Garam Tbk. has become a national cigarette company
whichgivessignificantcontributionforIndonesia.
Thecompanyhasdirectownershipinsubsidiaries:
PTSuryaPamenang,
PTSuryaMadistrindo,
PTGrahaSuryaMedia,
PTSuryaAir,and
PTSuryaIntiTembakau.
Theendof30June2015,theCompanyandsubsidiarieshad36,775employees.
August 2015
Disclaimer:
62
GGRM Gudang Garam Tbk.
As of 31 July 2015
Main Board
Industry Sector : Consumer Goods Industry (5)
Industry Sub Sector : Tobacco Manufacturers (52)
Individual Index
:
Listed Shares
:
1,931.707
1,924,088,000
95,242,356,000,000
9 | 95.2T | 1.92% | 44.60%

28 | 14.4T | 0.98% | 57.33%
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
Phone : (021) 252-5666
Fax
: (021) 252-5028
1. Juni Setiawati Wonowidjojo
2. Frank Willem Van Gelder *)
3. Gotama Hengdratsonata *)
4. Lucas Mulia Suhardja
BOARD OF DIRECTORS
1. Susilo Wonowidjojo
2. Buana Susilo
3. Herry Susianto
4. Heru Budiman
5. Istata Taswin Sidharta
6. Lengga Nurullah
7. Sony Sasono Rahmadi
AUDIT COMMITTEE
1. Frank Willem Van Gelder
2. Bambang Susilo
3. Jusuf Halim
CORPORATE SECRETARY
Heru Budiman
HEAD OFFICE
Jakarta: Jln. Jend. A. Yani No. 79, Jakarta - 10510
Kediri: Jln. Semampir II/1 Kediri 64121

1. Suryaduta Investama
2. Suryamitra Kusuma
3. Public (<5%)
1,333,146,800 :
120,442,700 :
470,498,500 :
Bonus
Cash
Year
1991
1992
1993
1994
1995
1995
1996
1997
1998
1999
2000
2001
2002
2003
2005
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
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
800.00
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
06-Aug-14
03-Jul-15
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
07-Aug-14
06-Jul-15
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
11-Aug-14
08-Jul-15
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
25-Aug-14
30-Jul-15
F
F
F
B
F
F
F
F
F
I
F
F
F
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
Phone : (021) 420-2460, (0354) 682-091

Fax
: (021) 424-3136, (0354) 681-555
Homepage
Email
F/I
: www.gudanggaramtbk.com
: corporate_secretary@gudanggaramtbk.com
63

Closing
Price*
Volume
(Mill. Sh)
68,000
16.0
59,500
14.0
51,000
12.0
42,500
10.0
34,000
8.0
25,500
6.0
17,000
4.0
8,500
2.0
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

Consumer Goods Industry Index
120%
100%
100.6%
80%
60%
40%
28.8%
20.6%
20%
-20%
-40%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
332
15,706
185
247
370
20,026
228
246
447
20,285
272
244
270
14,031
406
242
185
9,531
317
142
Price (Rupiah)
High
Low
Close
Close*
67,000
33,300
62,050
62,050
63,800
45,900
56,300
56,300
57,800
32,000
42,000
42,000
64,250
39,700
60,700
60,700
64,000
42,000
49,500
49,500
26.62
19.75
4.07
18.67
15.98
2.75
21.67
24.22
3.66
255.06
14.32
2.80
24.08
PER (X)
16.22
PER Industry (X)
4.86
PBV (X)
64
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Gudang Garam Tbk.
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
41,350
38,350
43,100
41,500
44,900
50,100
57,000
56,500
61,500
61,150
65,000
67,000
Low
34,000
33,300
35,850
40,000
40,350
43,300
47,400
46,900
47,400
51,000
56,000
59,100
Close
37,250
36,550
41,850
40,600
43,550
49,800
50,900
55,000
52,500
58,600
65,000
62,050
(X)
19,222
15,422
17,678
14,189
9,674
11,628
13,717
18,035
21,191
18,610
12,066
13,867
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
45,525
48,500
49,550
57,125
57,925
55,000
54,475
55,900
57,050
61,500
64,250
61,525
39,700
40,600
43,600
48,075
52,050
51,300
52,075
52,925
53,750
55,500
57,550
57,100
41,900
47,700
49,400
56,500
52,050
53,500
54,200
54,000
56,675
57,750
61,175
60,700
36,083
32,197
45,202
47,605
40,365
27,283
31,574
28,021
31,266
32,263
29,427
24,515
31,659
27,944
30,887
34,082
29,671
14,579
17,100
15,965
18,150
20,315
17,355
12,653
1,343,558
1,265,725
1,455,094
1,778,189
1,633,510
775,015
913,076
868,891
1,012,034
1,171,073
1,057,785
757,153
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
64,000
58,500
55,325
54,650
50,600
47,500
54,150
51,900
53,400
47,525
49,025
44,750
42,000
44,775
57,800
53,425
51,000
50,000
47,100
45,100
49,500
51,790
34,568
46,689
49,629
58,307
37,643
37,887
31,660
20,001
28,926
33,822
34,542
15,845
20,455
1,822,015
1,112,549
1,510,900
1,754,518
1,620,711
710,356
1,000,185
21
19
22
21
19
21
19

42,483 1,594,349
29,060 1,036,576
31,054 1,239,465
28,806 1,166,285
17,711
754,867
23,804 1,093,954
26,505 1,348,972
31,756 1,672,663
29,637 1,594,104
30,293 1,706,426
20,160 1,231,087
20,282 1,267,505
21
18
23
20
21
20
21
19
20
21
22
21

Book End : December

BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
1,094,895
1,285,799
1,404,108
1,588,110
1,742,306
937,987
1,382,539
2,196,086
1,532,275
1,340,891

Receivables
Assets
Inventories
28,020,017 26,649,777 30,241,368 34,739,327 34,877,068
Current Assets
30,381,754 29,954,021 34,604,461 38,532,600 38,838,031
Fixed Assets
Other Assets
Total Assets
8,189,881 10,389,326 14,788,915 18,973,272 19,673,753

479,473
6.19%

Total Liabilities
1,318,730
604,404
686,353
25,000
13,534,319 13,802,317 20,094,580 23,783,134 24,072,390
1,101,295
1,259,400
14.67%
37,500
12,500
1,003,458
22.31%
50,000
1.93%
Growth (%)
Current Liabilities
1,122,077
39,088,705 41,509,325 50,770,251 58,220,600 59,343,354
1,208,746
Liabilities
62,500
1,213,360
2011
2012
2013
2014
Jun-15
14,537,777 14,903,612 21,353,980 24,991,880 25,285,750
2.52%
43.28%
17.04%
1.18%
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 (%)

Authorized Capital
Paid up Capital
Par Value
Retained Earnings
23,382,278 25,471,948 28,261,414 32,090,712 32,953,763
Total Equity
24,550,928 26,605,713 29,416,271 33,228,720 34,057,604
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
8.37%
10.56%
12.96%
2.49%
Dec-12
Dec-13
Dec-14
Jun-15
17.06%
13.07%
17.59%
24,551
2014
Jun-15
20,162
13,214
6,267
2011
31,754,984 39,843,974 44,563,096 51,806,284 26,355,813
Gross Profit
10,129,368
9,184,722 10,873,858 13,379,566
6,870,234
418,214
4,801,910
2,903,584
6,691,722
8,577,656
3,966,650
11.05%
28.18%
-755,518
-1,371,811
-749,779
3,514,397
3,159,041
6,025,681
Growth (%)
-
-495,035
2013
65,186
65,186
55,437
Income before Tax
6,614,971
5,530,646
5,936,204
7,205,845
3,216,871
Tax
1,656,869
-1,461,935
1,552,272
1,810,552
807,795
4,958,102
4,068,711
4,383,932
5,395,293
2,409,076
-17.94%
7.75%
23.07%
Growth (%)
2012
49,029
51,888
26,606
34,058
-681
Cost of Revenues
Operating Profit
27,110
33,229
29,416
41,884,352 49,028,696 55,436,954 65,185,850 33,226,047
Growth (%)
Expenses (Income)
34,058
41,884
33,226
38,590
25,292
11,994
Period Attributable
4,894,057
4,013,758
4,328,736
5,368,568
2,402,321
4,958,102
4,068,711
4,383,932
5,395,293
2,409,076
4,894,057
4,013,758
4,328,736
5,368,568
2,402,321
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
224.48
217.02
172.21
162.02
161.34
1,000.00
800.00
800.00
800.00
RATIOS
Current Ratio (%)
Dividend (Rp)
EPS (Rp)
2,543.57
2,086.06
2,249.76
2,790.19
1,248.55
BV (Rp)
12,759.77
13,827.70
15,288.42
17,269.85
17,700.65
DAR (X)
0.37
0.36
0.42
0.43
0.43
DER(X)
0.59
0.56
0.73
0.75
0.74
ROA (%)
12.68
9.80
8.63
9.27
4.06
ROE (%)
20.20
15.29
14.90
16.24
7.07
GPM (%)
24.18
18.73
19.61
20.53
20.68
OPM (%)
12.29
12.07
13.16
11.94
NPM (%)
11.84
8.30
7.91
8.28
7.25
Payout Ratio (%)
39.31
38.35
35.56
28.67
1.61
1.42
1.90
1.32
Yield (%)
-1,304
2011
2012
2013
2014
Jun-15

5,395
5,395
4,958
4,069
4,295
4,384
3,194
2,409
2,093
993
-108
2011
2012
2013
2014
Jun-15
65
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.
Thescopeofitsactivitiescomprises,amongothers,themanufactureofnoodlesandfood
ingredients,culinaryfoodproducts,biscuits,snacks,nutritionandspecialfoods,packaging,
trading,transportation,warehousingandcoldstorage,managementservices,andresearch
anddevelopment.
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.
PTIndofoodSuksesMakmur,Indonesia,andFirstPacificCompanyLimited,HongKong,are
theparententityandtheultimateparententity,respectively,oftheCompany.
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.
The Company has direct share ownerships in Drayton Pte. Ltd., Indofood (M) Food
Industries Sdn. Bhd., PT Surya Rengo Containers, PT Indofood Fritolay Makmur, PT
Indofood Asahi Sukses Beverage, PT Indofood Tsukishima Sukses Makmur, PT Indofood
MitraBahariMakmur,PTIndofoodComsaSuksesMakmur,PTIndoOjiSuksesPratama.
The longterm investment in the associated entity are PT Nestle Indofood Citarasa
Indonesia,PTAsahiIndofoodBeverageMakmurandPTPrimaCahayaIndobeverages.As
ofJune30th,2015,theGrouphad31,590employees.
August 2015
Disclaimer:
66
ICBP Indofood CBP Sukses Makmur Tbk. [S]
As of 31 July 2015
Main Board
Industry Sub Sector : Food And Beverages (51)
Individual Index
:
Listed Shares
:
227.989
5,830,954,000
71,720,734,200,000
14 | 71.7T | 1.45% | 52.47%

47 | 10.2T | 0.69% | 72.77%
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
Phone : (021) 252-5666
Fax
: (021) 252-5028
1. Franciscus Welirang
2. Alamsyah
3. Florentinus Gregorius Winarno
4. Hans Kartikahadi *)
5. Moleonoto (Paulus Moleonoto)
6. Wahjudi Prakarsa *)

1. PT Indofood Sukses Makmur
2. Public (<5%)
4,664,763,000 :
1,166,191,000 :
Bonus
Cash
Year
2010
2011
2013
2014
Shares
Dividend
116.00
169.00
190.00
222.00
Cum Date
21-Jun-11
13-Jul-12
10-Jul-14
18-May-15
Ex Date
22-Jun-11
16-Jul-12
11-Jul-14
19-May-15
Recording
Date
24-Jun-11
18-Jul-12
15-Jul-14
21-May-15
80.00%
20.00%
Payment
Date
07-Jul-11
31-Jul-12
05-Aug-14
09-Jun-15
F
F
F
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 DIRECTORS
1. Anthoni Salim
2. Axton Salim
3. Darmawan Sarsito (Kevin Sietho)
4. Hendra Widjaja
5. Suaimi Suriady
6. Sulianto Pratama
7. Taufik Wiraatmadja
8. Tjhie Tje Fie (Thomas Tjhie)
9. Werianty Setiawan
AUDIT COMMITTEE
1. Hans Kartikahadi
2. Hendra Susanto
3. Wahjudi Prakarsa
CORPORATE SECRETARY
Gideon Ariprastomo Putro
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
F/I
: www.indofoodcbp.com
: gideon.putro@icbp.indofood.co.id
67

Closing
Price*
TRADING ACTIVITIES
Volume
(Mill. Sh)
16,000
64.0
14,000
56.0
12,000
48.0
10,000
40.0
8,000
32.0
6,000
24.0
4,000
16.0
2,000
8.0
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

245%
210%
175%
160.3%
140%
105%
100.6%
70%
35%
28.8%
-35%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
1,430
7,278
84
247
990
6,084
73
246
1,082
11,297
217
244
899
9,593
331
242
472
6,475
231
142
Price (Rupiah)
High
Low
Close
Close*
6,000
3,800
5,200
5,200
8,300
4,975
7,800
7,800
13,400
7,600
10,200
10,200
13,400
9,800
13,100
13,100
16,050
11,800
12,300
12,300
19.88
19.75
3.79
26.73
15.98
4.48
27.67
24.22
5.26
20.63
14.32
4.80
14.69
PER (X)
16.22
PER Industry (X)
2.83
PBV (X)
68
Closing Price
Freq.
Volume
Value
Day

Indofood CBP Sukses Makmur Tbk. [S]
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
5,150
4,675
5,300
5,450
5,400
5,450
5,800
6,000
5,600
5,750
5,300
5,250
Low
4,350
4,300
4,600
5,100
5,050
4,925
5,400
5,300
3,800
4,650
4,875
4,875
Close
4,575
4,575
5,300
5,400
5,050
5,400
5,800
5,300
4,925
5,300
5,150
5,200
(X)
15,091
7,386
8,462
5,234
4,707
4,174
5,994
7,456
11,353
5,355
5,991
3,224
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
8,700 7,600 8,000

8,650 7,900 8,500
9,900 8,200 9,600
11,700 9,500 11,450
13,400 11,500 13,100
13,000 9,850 12,200
12,500 10,350 11,200
11,650 8,700 10,000
12,200 8,900 10,250
11,500 10,200 11,200
11,300 9,750 10,000
10,300 9,550 10,200
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
11,700
11,350
11,300
10,275
10,400
10,275
10,575
10,650
11,400
11,575
11,450
13,400
9,900
10,450
9,950
9,800
9,925
9,875
9,950
10,100
10,500
10,500
10,800
11,150
11,000
11,175
10,100
10,000
10,200
10,000
10,450
10,500
11,350
11,050
11,250
13,100
31,608
33,839
40,130
31,126
22,065
21,362
21,883
27,066
25,934
33,698
18,187
24,568
68,488
78,008
124,778
113,027
55,236
46,268
78,643
74,737
57,043
77,025
56,536
69,230
734,990
852,458
1,318,297
1,131,541
557,582
465,777
812,824
781,831
629,638
858,355
624,570
825,565
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
16,050
14,650
15,500
14,700
14,225
14,200
13,050
12,450
13,900
14,025
12,300
13,300
12,050
11,800
14,500
14,300
14,675
13,200
14,100
12,475
12,300
33,591
28,064
38,018
31,277
34,554
31,709
33,854
90,954
53,007
88,680
95,059
63,037
37,052
44,360
1,243,010
751,753
1,289,971
1,306,487
855,040
483,342
545,752
21
19
22
21
19
21
19

248,406 1,177,703
540,317
120,754
167,772
824,126
109,382
584,014
108,877
569,475
81,379
418,328
118,404
673,478
727,782
128,240
159,002
800,880
53,012
279,275
89,997
458,703
44,489
224,012
21
18
23
20
21
20
21
19
20
21
22
21

Book End : December
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
4,420,644
5,484,318
5,526,173
7,342,986
6,234,520
Receivables
2,378,402
2,328,181
2,549,415
2,902,202
4,340,073
Inventories
1,629,883
1,812,887
2,868,722
2,821,618
2,806
Current Assets
8,580,311
9,888,440 11,321,715 13,603,527 14,173,421
Fixed Assets
2,590,036
3,839,756
4,844,407
5,838,843
6,060,389
169,718
888,529
213,907
259,030
BALANCE SHEET
Other Assets
Total Assets
Assets
15,222,857 17,753,480 21,267,470 24,910,211 26,410,008
Growth (%)
16,500
11,000
19.79%
17.13%
6.02%
5,500
-
2,988,540
3,579,487
4,696,583
6,230,997
7,029,960
1,524,544
2,187,195
3,305,156
3,639,267
4,440,761
Total Liabilities
4,513,084
5,766,682
8,001,739
9,870,264 11,470,721
27.78%
38.76%
23.35%
16.21%
Growth (%)
22,000
16.62%
Current Liabilities
Liabilities
27,500
2011
2012
2013
2014
Jun-15

Authorized Capital
750,000
750,000
750,000
750,000
750,000
Paid up Capital
583,095
583,095
583,095
583,095
583,095
5,831
5,831
5,831
5,831
5,831
100
100
100
100
100
3,643,786
4,837,947
5,978,662
7,475,019
7,489,929

Par Value
Retained Earnings
Total Equity
10,709,773 11,986,798 13,265,731 15,039,947 14,939,287
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
10.67%
13.37%
-0.67%
Dec-12
Dec-13
Dec-14
Jun-15
10,710
11.40%
16.31%
19.64%
2,767
5,778,609
6,425,691
8,059,854
5,076,746
2,423,258
2,936,549
3,653,767
4,931,161
2,884,322
Operating Profit
2,608,001
2,842,060
2,771,924
3,128,693
2,192,424
8.97%
-2.47%
12.87%
Growth (%)
2013

30,022
25,095
23,898
2012
14,335,896 15,796,183 18,668,990 21,962,609 11,474,501

5,031,259
Tax
Jun-15
5,835
2011
Expenses (Income)
Income before Tax
2014
8,904
-301
Gross Profit
11,987
14,939
19,367,155 21,574,792 25,094,681 30,022,463 16,551,247
Growth (%)
Cost of Revenues
11.92%
11,972
15,040
13,266
136,909
185,130
195,066
260,032
49,748
2,744,910
3,027,190
2,966,990
3,388,725
2,242,172
678,545
744,819
733,699
857,044
570,032
2,066,365
2,282,371
2,235,040
2,531,681
1,672,140
10.45%
-2.07%
13.27%
Growth (%)
19,367
21,575
16,551
17,773
11,649
5,524
Period Attributable
1,975,345
2,179,592
2,225,272
2,604,239
1,738,474
2,064,049
2,287,242
2,286,639
2,522,328
1,670,571
1,973,683
2,183,205
2,260,929
2,598,808
1,736,375
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
Current Ratio (%)
287.11
276.25
241.06
218.32
201.61
Dividend (Rp)
169.00
190.00
222.00
RATIOS
338.77
373.80
381.63
446.62
298.15
BV (Rp)
1,836.71
2,055.72
2,275.05
2,579.33
2,562.07
DAR (X)
0.30
0.32
0.38
0.40
0.43
DER(X)
EPS (Rp)
0.42
0.48
0.60
0.66
0.77
ROA (%)
13.57
12.86
10.51
10.16
6.33
ROE (%)
19.29
19.04
16.85
16.83
11.19
GPM (%)
25.98
26.78
25.61
26.85
30.67
OPM (%)
13.47
13.17
11.05
10.42
13.25
NPM (%)
10.67
10.58
8.91
8.43
10.10
Payout Ratio (%)
49.89
49.79
49.71
3.25
1.86
1.69
Yield (%)
-600
2011
2012
2013
2014
Jun-15

2,532
2,532
2,066
2,282
2,235
2,015
1,672
1,499
982
466
-51
2011
2012
2013
2014
Jun-15
69
CC O
OM
M PP A
AN
N YY RR EE PP O
O RR TT
INCO
VALE INDONESIA TBK.
Company Profile
PT Vale Indonesia Tbk. (formerly International Nickel Indonesia Tbk.) was established on
July25th,1968.
TheCompanysimmediateparentcompanyisValeCanadaLimitedandeultimateparent
entityisValeS.A.,acompanyestablishedunderthelawsoftheFederalRepublicofBrazil.
The Companys plant is located in Sorowako, South Sulawesi and the registered office is
locatedinJakarta.
The Companys main activities are exploration and mining, processing, storage,
transportation and marketing of nickel and associated mineral products. The Company
starteditscommercialoperationsin1978.
PTValeIndonesiaTbk.isoneoftheworldspremierproducersofnickel.Aversatilemetal,
whichisimportantinimprovinglivingstandardsandfosteringeconomicgrowth.Formore
than three decades, since the signing of its Contract of Work with the Indonesian
Governmentin1968,theCompanyhasprovidedskilledjobs,shownconcernfortheneeds
ofthecommunitiesinwhichitoperates,benefitedshareholdersandcontributedpositively
totheIndonesianeconomy.
ThetotalnumberofemployeesatJune30th,2015was3,125.
August 2015
Disclaimer:
70
INCO Vale Indonesia Tbk. [S]
As of 31 July 2015
Main Board
Industry Sub Sector : Metal And Mineral Mining (23)
Individual Index
:
Listed Shares
:
800.000
9,936,338,720
19,475,223,891,200
42 | 19.5T | 0.39% | 71.59%

52 | 8.73T | 0.59% | 75.94%
COMPANY HISTORY
Established Date
: 25-Jul-1968
Listing Date
: 16-May-1990
Under Writer IPO :
PT Vale Indonesia Tbk.
Plaza Bapindo - Citibank Tower 22nd Fl.
Phone : (021) 524-9000
Fax
: (021) 524-9020
1. Jennifer Anne Maki
2. Andrea Marques De Almeida
3. Arief T. Surowidjojo *)
4. Idrus Paturusi *)
5. Irwandy Arif *)
6. Kevin James Graham
7. Mark James Travers
8. Mikinobu Ogata
9. Nobuhiro Matsumoto
10. Stuart Alan Harshaw
BOARD OF DIRECTORS
1. Nicolaas D. Kanter
2. Bernardus Irmanto
3. Febriany Eddy
4. Josimar S. Pires
AUDIT COMMITTEE
1. Arief T. Surowidjojo
2. Erry Firmansyah
3. Sidharta Utama
CORPORATE SECRETARY
Ratih Amri
HEAD OFFICE
Bapindo Plaza II, 22th Fl.
Jln. Jend Sudirman Kav. 54 - 55
Jakarta 12190
Phone : (021) 524-9000, 524-9002
Fax
: (021) 524-9020
Homepage
Email

Bonus
Cash
Year
1990
1991
1991
1991
1992
1993
1994
1994
1995
1995
1996
1996
1997
2002
2002
2003
2004
2004
2005
2005
2006
2006
2007
2007
2009
2010
2010
2011
2011
2012
2012
2013
2014
Shares
Dividend
USD 0.35
USD 0.15
USD 0.15
USD 0.15
USD 0.05
USD 0,05
USD 0,05
USD 0,05
USD 0,05
USD 0,05
USD 0.05
121.60
174.15
84.65
10.61
USD 0,15
USD 0.0125
USD 0.0975
USD 0.025
745.88
USD 0.025
454.50
USD 0,9787
USD 0.02264
USD 0,01107
USD 0.02
USD 0.0146
USD 0.01
USD 0.0086
USD 0.00252
USD 0.00252
USD 0.00252
USD 0.01007
Cum Date
17-Sep-90
20-Mar-91
19-Sep-91
19-Mar-92
15-Apr-93
25-Apr-94
28-Oct-94
24-Apr-95
03-Nov-95
26-Apr-96
04-Nov-96
25-Apr-97
10-Nov-97
29-Apr-03
13-Nov-03
23-Apr-04
04-Nov-04
19-Apr-05
22-Nov-05
25-Apr-06
17-Nov-06
24-Apr-07
20-Nov-07
16-Apr-08
09-Dec-09
05-Oct-10
02-May-11
02-Nov-11
14-May-12
06-Dec-12
14-May-13
29-Nov-13
28-Nov-14
Ex Date
18-Sep-90
21-Mar-91
20-Sep-91
20-Mar-92
16-Apr-93
26-Apr-94
31-Oct-94
25-Apr-95
04-Nov-95
29-Apr-96
05-Nov-96
28-Apr-97
11-Nov-97
30-Apr-03
14-Nov-03
26-Apr-04
05-Nov-04
20-Apr-05
23-Nov-05
26-Apr-06
20-Nov-06
27-Apr-07
21-Nov-07
17-Apr-08
10-Dec-09
06-Oct-10
03-May-11
03-Nov-11
15-May-12
07-Dec-12
15-May-13
02-Dec-13
01-Dec-14
Recording
Date
25-Sep-90
28-Mar-91
30-Sep-91
27-Mar-92
23-Apr-93
03-May-94
07-Nov-94
02-May-95
14-Nov-95
07-May-96
13-Nov-96
06-May-97
19-Nov-97
02-May-03
18-Nov-03
28-Apr-04
09-Nov-04
25-Apr-05
25-Nov-05
28-Apr-06
22-Nov-06
27-Apr-07
23-Nov-07
21-Apr-08
14-Dec-09
08-Oct-10
05-May-11
07-Nov-11
21-May-12
11-Dec-12
17-May-13
04-Dec-13
03-Dec-14
Payment
Date
25-Oct-90
30-Apr-91
30-Oct-91
30-Apr-92
21-May-93
01-Jun-94
07-Dec-94
02-Jun-95
13-Dec-95
05-Jun-96
12-Dec-96
04-Jun-97
18-Dec-97
19-May-03
05-Dec-03
13-May-04
25-Nov-04
10-May-05
08-Dec-05
12-May-06
05-Dec-06
11-May-07
07-Dec-07
06-May-08
29-Dec-09
22-Oct-10
20-May-11
21-Nov-11
01-Jun-12
27-Dec-12
31-May-13
18-Dec-13
17-Dec-14
F/I
I
I
I
F
F
I
F
I
F
I
F
I
F
F
F
F
F
F
F
F
F
I
F
I
I
F
I
F
I
F
I
I
ISSUED HISTORY
No.
1.
2.
3.
4.
Type of Listing
First Issue
Company Listing
Stock Split
Stock Split
Shares
49,681,694
198,726,774
745,225,404
8,942,704,848
Listing
Date
16-May-90
31-Jan-01
03-Aug-04
15-Jan-08
Trading
Date
16-May-90
31-Jan-01
03-Aug-04
15-Jan-08
: www.vale.com/indonesia
: ratih.amri@valeinco.com
pti_corsec@valeinco.com
71

Closing
Price*
Volume
(Mill. Sh)
5,200
160
4,550
140
3,900
120
3,250
100
2,600
80
1,950
60
1,300
40
650
20
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

Mining Index
80%
60%
40%
28.8%
20%
-20%
-40%
-60%
-60.6%
-71.3%
-80%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
2,118
9,054
227
247
2,413
6,786
206
246
2,310
5,664
186
244
3,720
12,783
550
242
1,275
4,049
279
142
Price (Rupiah)
High
Low
Close
Close*
5,200
2,525
3,200
3,200
4,050
2,025
2,350
2,350
3,075
1,770
2,650
2,650
4,575
2,115
3,625
3,625
3,695
1,960
1,960
1,960
38.48
8.49
1.40
55.52
20.76
1.25
16.97
3.23
1.60
17.46
-10.63
0.80
10.51
PER (X)
16.17
PER Industry (X)
1.98
PBV (X)
72
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Vale Indonesia Tbk. [S]
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
5,000
5,200
5,150
5,100
5,000
4,850
4,600
4,325
4,050
3,725
3,650
3,300
Low
4,475
4,675
4,525
4,675
4,775
4,375
4,225
3,275
2,850
2,525
3,000
2,975
Close
4,600
5,050
4,775
4,975
4,775
4,500
4,250
3,650
3,025
3,650
3,050
3,200
(X)
19,615
15,698
27,569
22,181
14,242
14,822
17,072
21,889
21,706
25,349
15,009
11,353
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
4,050
4,050
3,625
3,375
3,125
2,675
2,900
2,475
3,100
2,950
2,750
2,475
3,150
3,425
3,300
3,025
2,250
2,200
2,400
2,250
2,250
2,500
2,025
2,100
4,000
3,625
3,375
3,100
2,500
2,675
2,425
2,300
2,950
2,700
2,075
2,350
16,222
21,630
16,820
17,770
21,967
21,761
13,954
10,714
18,317
12,939
19,826
14,110
136,649
244,576
176,733
235,208
224,183
238,700
127,868
94,081
251,490
134,995
282,528
265,884
488,753
896,760
606,434
752,854
596,323
579,306
345,078
223,583
686,458
360,581
645,022
605,288
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
2,900
3,075
2,850
2,850
2,850
2,575
2,175
2,525
2,725
2,750
2,650
2,800
2,350
2,600
2,350
2,375
2,450
1,920
1,770
1,770
2,200
2,250
2,300
2,300
2,750
2,700
2,375
2,850
2,550
2,025
1,770
2,300
2,250
2,475
2,400
2,650
16,519
15,878
18,082
11,715
9,351
14,312
26,994
22,109
17,867
12,214
9,622
11,825
264,254
189,153
156,260
243,235
115,097
129,454
275,925
259,951
239,312
142,143
97,518
197,647
707,204
535,185
416,753
608,803
304,185
294,878
550,652
543,386
586,568
359,087
241,610
515,246
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
2,800
2,650
2,850
3,745
4,240
3,965
4,025
4,185
4,575
3,825
4,175
4,145
2,115
2,230
2,390
2,815
3,430
3,525
3,525
3,785
3,710
3,455
3,625
3,525
2,305
2,390
2,820
3,550
3,915
3,555
4,025
4,180
3,750
3,790
3,985
3,625
28,319
26,254
42,732
44,937
57,730
27,874
40,957
51,392
64,604
63,431
53,963
48,022
285,267
267,495
554,968
476,712
454,246
191,590
310,152
260,878
295,695
220,286
201,141
201,988
707,505
658,048
1,485,366
1,599,051
1,775,539
711,230
1,162,055
1,044,808
1,224,296
807,541
778,894
828,546
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
3,695
3,675
3,565
3,275
3,545
3,280
2,745
3,285
3,350
3,230
2,605
2,740
2,675
1,960
3,450
3,525
3,235
2,795
3,120
2,710
1,960
49,254
42,735
41,098
35,215
48,244
37,285
25,380
157,356
153,140
178,101
225,188
260,581
208,810
92,103
555,099
534,741
602,947
677,054
857,171
597,379
224,276
21
19
22
21
19
21
19

217,052 1,032,126
182,851
911,378
263,637 1,259,948
224,850 1,095,998
181,462
878,385
138,739
634,003
154,731
679,451
752,722
196,592
124,389
431,854
234,798
736,607
105,240
349,325
291,926
93,821
21
18
23
20
21
20
21
19
20
21
22
21

Book End : December

Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
3,619,538
1,665,551
2,454,245
3,758,856
3,601,147
Receivables
1,776,340
2,098,980
808,618
1,152,892
1,203,560
Inventories
1,480,541
1,478,050
1,852,721
1,732,173
1,640,516
Current Assets
7,077,773
5,462,486
6,840,464
7,728,153
7,850,228
BALANCE SHEET
Fixed Assets
Other Assets
Total Assets
Assets
14,321,555 15,709,602 20,267,120 20,003,592 21,386,968

142,431
164,602
197,135
187,781
21,956,911 22,560,884 27,989,330 29,027,987 30,534,360
Growth (%)
18,750
12,500
24.06%
3.71%
5.19%
6,250
-
1,621,522
1,601,981
2,072,403
2,591,538
1,842,949
4,292,565
4,312,636
4,882,883
4,233,799
4,338,833
Total Liabilities
5,914,086
5,914,617
6,955,286
6,825,337
6,181,782
0.01%
17.59%
-1.87%
-9.43%
Growth (%)
25,000
2.75%
Current Liabilities
Liabilities
31,250
2011
2012
2013
2014
Jun-15

Authorized Capital
993,634
993,634
993,634
993,634
993,634
Paid up Capital
248,408
248,408
248,408
248,408
248,408
9,936
9,936
9,936
9,936
9,936
25
25
25
25
25

Par Value
Retained Earnings
12,124,034 12,641,214 15,952,141 17,051,994 18,830,823
Total Equity
16,042,824 16,646,267 21,034,044 22,202,650 24,352,578
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
11,267,489
Growth (%)
3.76%
26.36%
5.56%
Dec-12
Dec-13
Dec-14
Jun-15
9,354,052 11,308,498 12,909,588
5,461,534
-16.98%
20.89%
9.68%
14.16%
6,594,195
7,742,015
9,591,999
9,095,939
4,385,668
Gross Profit
4,673,294
1,612,037
1,716,499
3,813,649
1,075,866
522,779
578,237
855,918
711,551
251,588
4,150,514
1,033,800
860,581
3,102,098
824,278
-75.09%
-16.76%
260.47%
-48,858
-149,740
-180,099
-155,624
Income before Tax
4,101,656
884,060
680,482
2,946,474
746,992
Tax
1,075,093
231,393
206,222
804,112
189,248
3,026,563
652,667
474,260
2,142,362
557,744
-78.44%
-27.34%
351.73%
Operating Profit
Growth (%)
19,385
21,034
16,043
16,646
2011
2012
14,417
9,449
4,481
Growth (%)
2013
2014
Jun-15

12,910
12,910
11,308
11,267
9,354
10,276
22,203
-487
Cost of Revenues
Expenses (Income)
24,353
24,353
-77,286
7,642
5,462
5,009
2,375
Period Attributable
3,026,563
652,667
474,260
2,142,362
557,744
3,026,563
652,667
526,530
2,128,372
550,252
3,026,563
652,667
526,530
2,128,372
550,252
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
436.49
340.98
330.07
298.21
425.96
Dividend (Rp)
169.38
49.01
30.14
123.81
EPS (Rp)
304.60
65.68
47.73
215.61
56.13
BV (Rp)
1,614.56
1,675.29
2,116.88
2,234.49
2,450.86
DAR (X)
0.27
0.26
0.25
0.24
0.20
DER(X)
0.37
0.36
0.33
0.31
0.25
ROA (%)
13.78
2.89
1.69
7.38
1.83
ROE (%)
18.87
3.92
2.25
9.65
2.29
GPM (%)
41.48
17.23
15.18
29.54
19.70
OPM (%)
36.84
11.05
7.61
24.03
15.09
NPM (%)
26.86
6.98
4.19
16.60
10.21
Payout Ratio (%)
55.61
74.61
63.15
57.42
5.29
2.09
1.14
3.42
RATIOS
Current Ratio (%)
Yield (%)
-258
2011
2012
2013
2014
Jun-15

3,027
3,027
2,142
2,409
1,792
1,174
653
558
474
557
-61
2011
2012
2013
2014
Jun-15
73
COMPANY REPORT
INDF
INDOFOOD SUKSES MAKMUR TBK.
Company Profile
PT Indofood Sukses Makmur Tbk. is a leading Total Food Solutions Company with
operation spanning from the production of raw materials and their processing, to
consumerproductsinthemarket.Indofoodcapitalizesonitsresilientbusinessmodelwith
five complementary Strategic Business Groups, namely: Consumer Branded Products. Its
business activities are conducted by PT Indofood CBP Sukses Makmur Tbk., which was
listedontheIndonesiaStockExchangefrom7October2010.
ICBPisoneoftheleadingconsumerbrandedproductproducersinIndonesia,withawide
rangeofconsumerproducts.In2013,ICBPstarteditsnonalcoholicbeveragebusiness,and
has current portfolio of readytodrink tea, packaged water, carbonated soft drinks and
fruitjuicedrinks.
Bogasari. The Group is primarily a producer of wheat flour and pasta, with business
operationssupportedbyitsownshippingandpackagingunits.
Agribusiness. The Group is led by Indofood Agri Resources Ltd., listed on the Singapore
StockExchange.BothofIndoAgrissubsidiaries,PTSalimIvomasPratamaTbk.andPTPP
London Sumatra Indonesia Tbk., are listed on the IDX. The Groups principal business
activities range from research and development, seed breeding, oil palm cultivation and
milling to the production and marketing of branded cooking oils, margarine and
shortening. In addition, the Group is also involved in the cultivation and processing of
rubberandsugarcaneaswellasothercrops.In2013,IndoAgriinitiatedexpansionofits
global business through equity investment in the sugar business in Brazil and the
Philippines.
Distribution. With the most extensive distribution network in Indonesia, this Group
distributes the majority of Indofoods and its subsidiaries consumer products as well as
otherthirdpartyproducts.
Cultivation & Processed Vegetables. This Group activities are conducted by China
Minzhong Food Corporation Limited, which is listed on the SGX and is an integrated
vegetableprocessingcompanyinthePeople'sRepublicofChina.
August 2015
Disclaimer:
74
INDF Indofood Sukses Makmur Tbk. [S]
As of 31 July 2015
Main Board
Industry Sub Sector : Food And Beverages (51)
Individual Index
:
Listed Shares
:
1,044.177
8,780,426,500
53,560,601,650,000
17 | 53.6T | 1.08% | 56.08%

17 | 19.4T | 1.32% | 45.69%
COMPANY HISTORY
Established Date
: 14-Aug-1990
Listing Date
: 14-Jul-1994
Under Writer IPO :
PT Merincorp
Phone : (021) 252-5666
Fax
: (021) 252-5028
1. Manuel Velez Pangilinan
2. Adi Pranoto Leman *)
3. Bambang Subianto *)
4. Benny Setiawan Santoso
5. Edward Anthony Tortorici
6. Graham Leigh Pickles
7. Robert Charles Nicholson
8. Utomo Josodirdjo *)
BOARD OF DIRECTORS
1. Anthoni Salim
2. Axton Salim
3. Darmawan Sarsito (Kevin Sietho)
4. Franciscus Welirang
5. Joedianto Soejonopoetro
6. Joseph Bataona
8. Taufik Wiraatmadja
9. Tjhie Tje Fie (Thomas Tjhie)
AUDIT COMMITTEE
1. Utomo Josodirdjo
2. Adi Pranoto Leman
3. Hendra Susanto

1. CAB Holdings Limited
2. Public (<5%)
4,396,103,450 :
4,384,323,050 :
Bonus
Cash
Year
1994
1995
1996
2000
2001
2002
2003
2005
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
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
142.00
220.00
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
15-Jul-14
18-May-15
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
18-Jul-14
21-May-15
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
16-Jul-14
19-May-15
50.07%
49.93%
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
08-Aug-14
11-Jun-15
F
F
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
CORPORATE SECRETARY
Elly Putranti
HEAD OFFICE
Sudirman Plaza, Indofood Tower 27th Fl.
Jakarta 12190
Phone : (021) 5795-8822
Fax
: (021) 5793-7373
Homepage
Email
F/I
: www.indofood.com
: elly.putranti@indofood.co.id
75

Closing
Price*
Volume
(Mill. Sh)
8,000
64.0
7,000
56.0
6,000
48.0
5,000
40.0
4,000
32.0
3,000
24.0
2,000
16.0
1,000
8.0
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

140%
120%
100%
100.6%
80%
60%
40%
28.8%
23.2%
20%
-20%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
3,845
20,321
335
247
3,371
17,526
274
246
3,207
21,844
359
244
2,490
17,300
517
242
1,797
12,871
348
142
6,800
4,150
4,600
4,600
6,200
4,400
5,850
5,850
8,000
5,350
6,600
6,600
7,800
6,325
6,750
6,750
7,725
5,775
6,100
6,100
10.54
19.75
1.50
23.14
15.98
1.51
14.67
24.22
1.45
15.47
14.32
1.32
Price (Rupiah)
High
Low
Close
Close*
8.05
PER (X)
16.22
PER Industry (X)
1.28
PBV (X)
76
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Indofood Sukses Makmur Tbk. [S]
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
5,100
4,900
5,450
5,700
5,750
5,850
6,500
6,800
6,250
5,750
5,250
4,875
Low
4,300
4,550
4,750
5,200
5,250
5,150
5,700
5,850
4,150
4,575
4,600
4,500
Close
4,700
4,750
5,400
5,550
5,400
5,750
6,350
6,100
5,050
5,250
4,700
4,600
(X)
29,796
15,394
27,762
17,178
18,291
19,672
22,022
34,598
51,427
36,536
38,862
23,694
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
7,350
7,175
7,800
7,475
7,150
6,950
7,150
7,200
7,125
7,025
6,900
6,775
6,550
6,825
6,900
6,900
6,700
6,700
6,700
6,875
6,825
6,375
6,400
6,325
6,975
7,175
7,300
7,050
6,825
6,700
7,075
6,875
7,000
6,825
6,700
6,750
39,285
35,519
44,656
41,446
41,676
41,644
44,580
41,427
41,539
55,424
48,393
41,362
194,431
171,841
280,916
221,397
277,765
173,202
206,306
169,528
220,047
188,136
172,125
214,262
1,339,609
1,205,017
2,058,174
1,587,966
1,926,273
1,181,682
1,441,386
1,191,886
1,542,026
1,271,028
1,144,873
1,410,046
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
7,725
7,675
7,550
7,500
7,400
7,250
6,750
6,850
7,250
7,300
6,475
6,600
6,425
5,775
7,550
7,400
7,450
6,750
7,300
6,575
6,100
59,020
38,795
54,233
41,210
59,010
51,699
44,219
454,670
183,393
329,852
220,479
287,107
152,355
169,619
3,360,218
1,357,302
2,445,636
1,599,979
2,003,105
1,030,242
1,074,125
21
19
22
21
19
21
19

364,749 1,725,256
853,054
180,015
313,582 1,581,400
212,478 1,161,362
270,736 1,497,017
268,060 1,463,174
267,156 1,590,534
378,704 2,396,653
588,035 3,052,287
388,580 2,046,847
371,421 1,822,817
241,411 1,130,332
21
18
23
20
21
20
21
19
20
21
22
21

Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
Assets
13,049,048 13,343,028 13,666,194 14,157,619 12,403,682
Receivables
3,669,305
3,485,461
4,959,416
4,339,670
5,946,005
Inventories
6,536,343
7,782,594
8,160,539
8,454,845
9,662,832
Current Assets
24,501,734 26,202,972 32,464,497 40,995,736 43,766,527
Fixed Assets
12,921,013 15,775,741 23,027,913 22,011,488 23,806,546
Other Assets
Total Assets
1,216,694
10.71%

Total Liabilities
2,748,446
1,702,988
1,845,031
31.64%
10.05%
80,000
60,000
40,000
6.35%
20,000
12,831,304 13,080,544 19,471,309 22,681,686 27,714,082
Growth (%)
Current Liabilities
53,585,933 59,324,207 78,092,789 85,938,885 91,391,856
Liabilities
100,000
9,144,404 12,100,989 20,248,351 22,028,823 23,043,708
2011
2012
2013
2014
Jun-15
21,975,708 25,181,533 39,719,660 44,710,509 50,757,790
14.59%
57.73%
12.57%
13.53%
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 (%)

Authorized Capital
Paid up Capital
Par Value
Retained Earnings
11,020,235 12,744,836 13,609,258 16,215,970 12,407,086
Total Equity
31,610,225 34,142,674 38,373,129 41,228,376 40,634,066
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
8.01%
12.39%
7.44%
-1.44%
Dec-12
Dec-13
Dec-14
Jun-15
31,610
41,228
40,634
2014
Jun-15
34,143
32,818
24,407
15,997
7,586
45,332,256 50,059,427 57,731,998 63,594,452 32,634,705
10.43%
Growth (%)
15.33%
10.15%
-825
2011
Cost of Revenues
32,749,190 36,493,332 43,402,144 46,544,646 23,682,390
Gross Profit
12,583,066 13,566,095 14,329,854 17,049,806
8,952,315
Expenses (Income)
5,732,047
6,695,501
7,611,873
9,841,074
5,101,565
Operating Profit
6,851,019
6,870,594
6,717,981
7,208,732
3,850,750
0.29%
-2.22%
7.31%
Growth (%)
-498,630
-560,838
-2,051,023
-979,435
-1,281,711
6,352,389
6,309,756
4,666,958
6,229,297
2,569,039
Tax
1,460,716
1,530,310
1,252,072
1,828,217
840,362
4,891,673
4,779,446
3,416,635
5,146,323
2,120,889
-2.29%
-28.51%
50.63%
2013
63,594
57,732
63,594
Income before Tax
Growth (%)
2012
50,621
38,373
41,228
45,332
50,059
32,635
37,648
24,675
11,701
Period Attributable
3,077,180
3,261,176
2,503,841
3,885,375
1,730,924
5,017,425
4,871,745
5,161,247
4,812,618
2,463,925
3,203,898
3,346,600
4,011,240
3,528,115
2,094,956
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
Current Ratio (%)
190.95
200.32
166.73
180.74
157.92
Dividend (Rp)
175.00
185.00
142.00
220.00
RATIOS
350.46
371.41
285.16
442.50
197.13
BV (Rp)
3,600.08
3,888.50
4,370.30
4,695.49
4,627.80
DAR (X)
0.41
0.42
0.51
0.52
0.56
DER(X)
0.70
0.74
1.04
1.08
1.25
ROA (%)
9.13
8.06
4.38
5.99
2.32
ROE (%)
15.47
14.00
8.90
12.48
5.22
GPM (%)
27.76
27.10
24.82
26.81
27.43
OPM (%)
15.11
13.72
11.64
11.34
11.80
NPM (%)
10.79
9.55
5.92
8.09
6.50
Payout Ratio (%)
49.93
49.81
49.80
49.72
3.80
3.16
2.15
3.26
EPS (Rp)
Yield (%)
-1,272
2011
2012
2013
2014
Jun-15

5,146
4,892
5,146
4,779
4,096
3,417
3,047
2,121
1,997
947
-103
2011
2012
2013
2014
Jun-15
77
CC O
OM
M PP AA N
N YY RR EE PP O
O RR 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:
PTLenteraAbadiSejahtera,
PTDianAbadiPerkasa,
PTGunungTuaMandiri,and
PTIndomixPerkasa,
PTSariBhaktiSejati,
PTMakmurAbadiPerkasaMandiri,
TheCompanyalsohasindirectownershipinsubsidiaries:
PTSahabatMuliaSakti,
PTPionirbetonIndustri,
PTMineralIndustriSukabumi,
PTMandiriSejahteraSentra,
PTMultiBangunGalaxy,and
PTBahanaIndonor,
PTBhaktiSariPerkasaAbadi.
PTTarabatuhManunggal,
PTTerangPrakasaCipta,
AsofJune30th,2015,theGrouphadatotalof7,243permanentemployees.
August 2015
Disclaimer:
78
INTP Indocement Tunggal Prakarsa Tbk. [S]
As of 31 July 2015
Main Board
Industry Sub Sector : Cement (31)
Individual Index
:
Listed Shares
:
801.000
3,681,231,699
73,716,664,772,475
13 | 73.7T | 1.49% | 51.03%

12 | 24.4T | 1.66% | 38.42%
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
Phone : (021) 252-5666
Fax
: (021) 252-5028
1. Albert Scheuer
2. Bernhard Scheifele
3. Daniel Hugues Jules Gauthier
4. Daniel Eugene Antoine Lavalle *)
5. I Nyoman Tjager *)
6. Lorenz Naeger
7. Tedy Djuhar *)
BOARD OF DIRECTORS
1. Christian Kartawijaya
2. Benny Setiawan Santoso
3. Daniel Kundjono Adam
4. Daniel Robert Fritz
5. Fransiscus Welirang
6. Hasan Imer
7. Kuky Permana Kumalaputra
8. Ramakanta Bhattacharjee
9. Tju Lie Sukanto
AUDIT COMMITTEE
1. I Nyoman Tjager
2. Jusuf Halim
3. Lindawati Gani
CORPORATE SECRETARY
Pigo Pramusakti Kusdihardjo

1. Birchwood Omnia Limited
2. PT Mekar Perkasa
3. Public (<5%)
1,877,480,863 :
479,735,234 :
1,324,015,602 :
Bonus
Cash
Year
1991
1991
1992
1993
1993
1994
1995
1995
1996
1996
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
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
900.00
1,350.00
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
19-Jun-14
21-May-15
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
24-Jun-14
26-May-15
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
20-Jun-14
22-May-15
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
08-Jul-14
17-Jun-15
I
F
F
F
B
F
I
F
F
B
F
I
F
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
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
HEAD OFFICE
Wisma Indocement 8th Fl.
Jakarta
Phone : (021) 251-0057, 570-3817
Fax
: (021) 570-1693, 251-0066
Homepage
Email
F/I
: www.indocement.com
: corpsec@indocement.co.id
79

Closing
Price*
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-11
Jan-12
Jan-13
Jan-14
Jan-15

75%
60%
45%
30%
28.8%
24.8%
15%
1.7%
-15%
-30%
-45%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
1,060
16,206
228
247
841
16,063
217
246
955
20,627
314
244
874
20,506
553
242
713
15,875
302
142
Price (Rupiah)
High
Low
Close
Close*
17,900
10,700
17,050
17,050
23,250
15,800
22,450
22,450
27,400
16,500
20,000
20,000
27,500
19,825
25,000
25,000
25,500
19,475
20,025
20,025
17.35
9.79
4.26
14.69
6.83
3.20
18.57
16.60
3.96
15.96
13.88
3.37
17.43
PER (X)
10.41
PER Industry (X)
3.99
PBV (X)
80
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Indocement Tunggal Prakarsa Tbk. [S]
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
16,900
15,700
16,400
17,900
17,400
17,550
17,500
15,700
15,950
16,350
16,250
17,300
Low
12,750
13,600
14,100
15,800
16,300
16,350
15,300
13,400
10,700
11,700
14,400
15,000
Close
13,550
14,400
16,350
17,000
16,900
17,050
15,450
15,200
14,000
16,350
15,000
17,050
(X)
24,440
16,456
19,235
15,317
15,815
13,168
16,979
23,463
24,770
23,279
18,484
16,717
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
22,500
22,850
27,300
25,125
24,450
25,025
27,500
25,500
24,700
24,275
24,975
25,725
19,825
20,800
21,550
21,675
21,175
22,350
22,425
24,000
21,125
20,800
22,475
22,900
22,400
22,450
23,375
21,950
22,650
22,550
24,950
24,250
21,550
24,000
24,675
25,000
42,897
36,786
50,809
53,758
38,535
36,440
47,705
48,865
49,050
64,236
37,852
46,054
63,573
53,504
82,794
103,849
64,887
59,436
84,985
66,643
85,318
86,327
62,863
59,966
1,340,256
1,170,267
1,947,053
2,419,573
1,481,991
1,405,231
2,170,522
1,636,144
1,981,406
1,966,007
1,508,616
1,479,007
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
25,500
24,325
24,300
23,700
23,425
22,450
22,450
21,325
22,650
20,475
20,700
21,100
20,625
19,475
23,000
24,050
21,925
21,000
22,400
20,875
20,025
59,898
38,270
53,486
39,145
41,944
36,792
32,856
112,706
51,124
87,898
67,087
185,783
168,941
39,233
2,596,245
1,209,902
1,969,041
1,500,898
4,180,361
3,586,859
831,544
21
19
22
21
19
21
19

140,024 2,055,974
98,775 1,441,396
103,373 1,547,505
63,289 1,066,959
64,838 1,094,051
40,686
688,640
94,842 1,546,604
115,063 1,689,999
95,452 1,334,694
83,136 1,189,356
60,468
925,715
100,145 1,624,891
21
18
23
20
21
20
21
19
20
21
22
21

Book End : December
Dec-14
Jun-15
6,864,567 10,474,126 12,595,187 11,256,129
6,634,750
Receivables
1,976,769
2,454,818
2,518,588
2,670,993
2,404,322
Inventories
1,327,720
1,470,305
1,473,645
1,665,546
1,784,351
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Current Assets
Fixed Assets
Other Assets
Total Assets
Assets
10,314,573 14,579,400 16,846,248 16,086,773 11,290,932

7,638,064
7,935,224
128,546
141,371

Total Liabilities
324,750
421,823
556,566
18,151,331 22,755,160 26,607,241 28,884,973 25,354,110
25.36%
16.93%
8.56%
1,476,597
2,418,762
2,740,089
940,783
917,660
889,465
2,417,380
3,336,422
Growth (%)
Current Liabilities
9,304,992 12,143,632 13,245,867
Growth (%)
Liabilities
30,000
24,000
18,000
12,000
-12.22%
6,000
3,260,559
2,455,902
839,613
1,035,318
3,629,554
4,100,172
3,491,220
38.02%
8.79%
12.97%
-14.85%
2011
2012
2013
2014
Jun-15

Authorized Capital
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

Par Value
Retained Earnings
Total Equity
15,733,951 19,418,738 22,977,687 24,784,801 21,862,890
23.42%
18.33%
7.86%
INCOME STATEMENTS
Total Revenues
Dec-12
Dec-13
Dec-14
Jun-15
13,887,892 17,290,337 18,691,286 19,996,264
8,874,806
Dec-11
24.50%
Growth (%)
8.10%
-11.79%
6.98%
19,729
15,734
14,673
9,617
4,560
2011
7,473,669
9,020,338 10,036,632 10,909,595
Gross Profit
6,414,223
8,269,999
8,654,654
9,086,669
3,994,090
Expenses (Income)
1,996,200
2,393,257
2,590,554
3,111,676
1,393,465
Operating Profit
4,418,023
5,876,742
6,064,100
5,974,993
2,600,625
33.02%
3.19%
-1.47%
362,808
531,054
814,609
365,457
290,133
2013
2014
Jun-15

19,996
Income before Tax
4,708,156
6,239,550
6,595,154
6,789,602
2,966,082
Tax
1,106,640
1,476,162
1,582,860
1,515,593
656,858
3,601,516
4,763,388
5,012,294
5,274,009
2,309,224
32.26%
5.23%
5.22%
Growth (%)
2012
4,880,716
15,917
21,863
-496
Cost of Revenues
Growth (%)
24,785
19,419
11,166,666 14,848,447 18,202,133 20,159,896 17,518,864
Growth (%)
22,978
24,785
17,290
18,691
19,996
13,888
11,838
8,875
7,759
3,679
Period Attributable
3,596,918
4,760,382
5,010,240
5,270,872
2,309,224
3,601,516
4,763,388
5,217,953
5,153,776
2,255,540
3,596,918
4,760,382
5,215,899
5,150,639
2,255,540
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
Current Ratio (%)
698.54
602.76
614.81
493.37
459.75
Dividend (Rp)
293.00
450.00
900.00
1,350.00
RATIOS
977.10
1,293.15
1,361.02
1,431.82
627.30
BV (Rp)
4,274.10
5,275.07
6,241.85
6,732.75
5,939.01
DAR (X)
0.13
0.15
0.14
0.14
0.14
DER(X)
0.15
0.17
0.16
0.17
0.16
ROA (%)
19.84
20.93
18.84
18.26
9.11
ROE (%)
22.89
24.53
21.81
21.28
10.56
GPM (%)
46.19
47.83
46.30
45.44
45.00
OPM (%)
31.81
33.99
32.44
29.88
29.30
NPM (%)
25.93
27.55
26.82
26.37
26.02
Payout Ratio (%)
29.99
34.80
66.13
94.29
1.72
2.00
4.50
5.40
EPS (Rp)
Yield (%)
-400
2011
2012
2013
2014
Jun-15

4,763
5,274
4,198
5,012
5,274
3,602
3,122
2,309
2,046
970
-105
2011
2012
2013
2014
Jun-15
81
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.
In 2007, PT Indo Tambangraya Megah Tbk. was acquired by Banpu Group Thailand and
then in the month of December 2007 became a public company. Banpu, through PT
CentralinkWisesaInternational,owns77.60%ofshares.PTSigmaBuanaCemerlang,2.40%
sharesandtheremainingsharesareownedbythepublic.
In 2008, PT Centralink Wisesa International transferred 73.72% of its shares to Banpu
Minerals(Singapore)Pte.Ltd.thusmakingpublicsharesamountto26.28%.In2010,Banpu
Minerals (Singapore) Pte. Ltd. sold 8.72%of its shares to the public and thus maintained
majority ownership of 65% where the remainder was owned by the public in which,
individually,hadsharesoflessthan5%.
ThescopeofITMbusinessincludescoalminingoperations,processingandlogisticswhich
areintegratedinIndonesia.Thecompanyownsthemajorityofsharesinsevensubsidiaries
andoperatessixminingconcessionsintheislandofKalimantan,coveringEast,Centraland
SouthKalimantan.ITMalsoownsandoperatesTerminalBatubaraBontang(BontangCoal
Terminal/BoCT), three loading ports and Pembangkit Listrik Bontang [Bontang Electricity
Generator].
TheCompanyhasdirectownershipinPTIndomincoMandiri,PTTrubaindoCoalMining,PT
JorongBarutamaGreston,PTKitadin,PTBharintoEkatama,PTITMIndonesia,PTTambang
RayaUsahaTama,PTITMBatubaraUtama,andPTITMEnergiUtama.
August 2015
Disclaimer:
82
ITMG Indo Tambangraya Megah Tbk. [S]
As of 31 July 2015
Main Board
Individual Index
:
Listed Shares
:
69.464
1,129,925,000
10,988,520,625,000
77 | 11.0T | 0.22% | 81.95%

50 | 9.33T | 0.63% | 74.71%
COMPANY HISTORY
Established Date
: 02-Sep-1987
Listing Date
: 18-Dec-2007
Under Writer IPO :
PT UBS Securities Indonesia
PT Datindo Entrycom
Phone : (021) 570-9009
Fax
: (021) 570-9026
1. Ibrahim Yusuf *)
2. Djisman S. Simandjuntak *)
3. Lukmanul Hakim
4. Rudjianto Buntoro
5. Somruedee Chaimongkol
6. Somyot Ruchirawat
BOARD OF DIRECTORS
1. Pongsak Thongampai
2. A.H. Bramantya Putra
3. Edward Manurung
4. Jusnan Ruslan
5. Leksono Poeranto
6. Stephanus Demo Wawin

1. Banpu Minerals (Singapore) Private Limited
2. Public (<5%)
Bonus
Cash
Year
2007
2008
2008
2008
2009
2009
2010
2010
2011
2012
2012
2013
2013
2014
2014
Shares
Dividend
155.00
344.00
295.00
706.00
678.00
1,286.00
795.00
407.00
1,168.00
1,666.00
1,464.00
1,014.00
975.00
1,100.00
645.00
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
29-Oct-12
26-Apr-13
29-Oct-13
28-Apr-14
29-Oct-14
08-Apr-15
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
30-Oct-12
29-Apr-13
30-Oct-13
29-Apr-14
30-Oct-14
09-Apr-15
736,071,000 :
393,854,000 :
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
01-Nov-12
01-May-13
01-Nov-13
02-May-14
03-Nov-14
13-Apr-15
65.14%
34.86%
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-Nov-12
15-May-13
15-Nov-13
14-May-14
14-Nov-14
24-Apr-15
F
I
I
F
I
F
I
F
I
F
F
I
F
I
I
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
83

Closing
Price*
Volume
(Mill. Sh)
58,000
40.0
50,750
35.0
43,500
30.0
36,250
25.0
29,000
20.0
21,750
15.0
14,500
10.0
7,250
5.0
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

Mining Index
60%
40%
28.8%
20%
-20%
-40%
-60%
-71.3%
-80%
-82.1%
-100%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
532
24,259
286
247
386
15,257
206
246
306
9,905
196
244
436
10,066
494
242
294
4,385
296
142
Price (Rupiah)
High
Low
Close
Close*
57,950
34,300
38,650
38,650
45,800
30,150
41,550
41,550
42,900
24,200
28,500
28,500
30,250
15,050
15,375
15,375
18,600
9,525
9,725
9,725
11.38
8.49
4.84
11.39
20.76
2.72
6.32
3.23
1.47
7.10
-10.63
0.93
8.74
PER (X)
16.17
PER Industry (X)
4.46
PBV (X)
84
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Indo Tambangraya Megah Tbk. [S]
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
57,950
48,650
51,400
50,250
48,000
47,500
52,000
51,350
47,000
45,100
45,000
40,450
Low
43,700
43,650
39,900
46,650
44,400
44,000
44,500
40,000
37,500
34,300
36,250
34,950
Close
46,300
45,700
46,200
46,800
47,000
44,750
50,500
43,150
39,250
44,650
38,150
38,650
(X)
29,196
22,560
49,551
24,415
22,941
11,842
22,708
21,131
23,568
20,495
19,148
18,594
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
28,700
28,550
26,150
26,725
30,250
30,100
27,600
29,450
29,500
27,050
21,300
18,900
24,850
25,100
22,350
23,950
24,875
26,500
24,850
25,775
25,075
19,350
17,350
15,050
26,800
26,000
24,350
25,475
28,650
27,000
26,150
28,175
25,975
21,175
19,025
15,375
40,294
34,416
41,387
37,248
30,442
25,672
35,242
36,220
27,702
81,720
54,192
49,907
30,444
23,323
38,547
41,019
26,577
15,751
21,517
26,395
15,967
76,365
64,940
55,439
792,755
622,390
941,922
1,032,303
724,102
444,016
568,758
744,484
432,678
1,613,718
1,230,510
918,673
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
16,750
18,600
18,000
17,300
15,550
13,850
13,175
14,275
16,075
16,275
12,600
12,525
12,600
9,525
16,750
16,900
16,900
12,600
13,500
12,850
9,725
48,405
32,776
46,182
46,877
46,615
48,533
26,690
38,476
39,761
36,351
37,151
78,935
41,585
21,821
585,918
684,377
626,636
584,571
1,108,530
549,214
245,713
21
19
22
21
19
21
19

64,211 3,267,046
40,535 1,874,932
90,260 4,107,414
41,472 1,992,811
46,175 2,148,862
21,509
989,239
52,561 2,535,598
42,572 1,939,362
38,180 1,631,637
36,042 1,454,671
27,770 1,146,861
30,704 1,170,734
21
18
23
20
21
20
21
19
20
21
22
21

Book End : December
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
5,553,388
4,460,094
3,542,435
2,812,028
3,786,075
Receivables
2,321,598
2,439,567
2,383,251
2,311,492
1,849,428
Inventories
970,013
1,459,919
1,483,112
1,863,634
1,623,118
Current Assets
9,670,360
9,369,534
9,157,445
7,082,961
7,561,457
Fixed Assets
3,122,629
3,244,382
3,884,351
3,552,816
3,610,346
13,031
20,626
133,277
135,142
223,378
BALANCE SHEET
Other Assets
Total Assets
Assets
14,313,602 14,420,136 17,081,558 16,258,180 16,602,860
14,000
10,500
7,000
0.74%
18.46%
-4.82%
2.12%
3,500
4,087,383
4,225,993
4,597,250
4,528,818
3,959,951
425,489
500,771
657,807
554,074
834,543
4,512,872
4,726,764
5,255,057
5,082,892
4,794,494
4.74%
11.18%
-3.28%
-5.67%
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
564,963
564,963
1,500,000
564,963
564,963
1,130
1,130
3,000
1,130
1,130
500
500
500
500
500
Retained Earnings
6,188,194
5,893,836
7,005,372
6,288,935
6,582,288
Total Equity
9,800,731
9,693,372 11,826,501 11,175,288 11,808,366
Growth (%)
Current Liabilities
Total Liabilities
Growth (%)
Liabilities
17,500
2011
2012
2013
2014
Jun-15

Authorized Capital
Paid up Capital
Par Value
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
22.01%
-5.51%
5.66%
Dec-12
Dec-13
Dec-14
Jun-15
9,801
9,693
2011
2012
11,175
11,808
9,414
7,001
4,589
2,176
21,598,843 23,584,559 26,733,422 24,158,858 10,992,594
9.19%
Growth (%)
Cost of Revenues
-1.10%
11,827
11,827
13.35%
-9.63%
13,509,570 16,417,475 20,485,612 19,083,801
-237
2013
2014
Jun-15
8,669,573
Gross Profit
8,089,273
7,167,085
6,247,810
5,075,057
2,323,021
Expenses (Income)
1,678,967
1,451,061
2,309,778
1,816,452
1,091,384
Operating Profit
6,410,305

26,733
26,733
Growth (%)
21,599
24,159
23,585
21,280
208,773
Income before Tax
6,619,078
5,716,024
3,938,032
3,258,605
1,231,637
Tax
1,666,807
1,538,168
1,109,993
768,694
457,928
4,952,271
4,177,856
2,828,039
2,489,911
773,709
-15.64%
-32.31%
-11.96%
Growth (%)
15,826
10,993
10,373
4,919
Period Attributable
4,952,271
4,177,856
2,828,039
2,489,911
773,709
4,999,225
4,125,029
2,828,039
2,489,911
768,576
4,999,225
4,125,029
2,828,039
2,489,911
768,576
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
236.59
221.71
199.19
156.40
190.95
Dividend (Rp)
1,168.00
3,130.00
1,989.00
1,745.00
EPS (Rp)
4,382.83
3,697.46
942.68
2,203.61
684.74
BV (Rp)
8,673.79
8,578.78
3,942.17
9,890.29
10,450.57
DAR (X)
0.32
0.33
0.31
0.31
0.29
DER(X)
0.46
0.49
0.44
0.45
0.41
ROA (%)
34.60
28.97
16.56
15.31
4.66
ROE (%)
50.53
43.10
23.91
22.28
6.55
GPM (%)
37.45
30.39
23.37
21.01
21.13
OPM (%)
29.68
NPM (%)
22.93
17.71
10.58
10.31
7.04
Payout Ratio (%)
26.65
84.65
210.99
79.19
3.02
7.53
6.98
11.35
RATIOS
Current Ratio (%)
Yield (%)
-535
2011
2012
2013
2014
Jun-15

4,952
4,952
4,178
3,942
2,828
2,932
2,490
1,921
774
911
-99
2011
2012
2013
2014
Jun-15
85
C
CO
OM
M PP A
AN
N YY RR EE PP O
O RR TT
JSMR
JASA MARGA (PERSERO) TBK.
Company Profile
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 caracteristics are
defensiveandresistanttofluctuatedconditionofglobaleconomy.
Based on the toll road concessions granted directly from the Government, Jasa Marga
currently manages and operates 13 toll road concessions through its nine branch offices
andonesubsidiary
Apart from developing more toll roads to add the length of the toll roads operated, the
Companyalsodevelopsotherbusinessesbycapitalizingvariousassetsownedsuchasthe
following:
Utilityandlandrent.
Restareaandpropertydevelopment.
Advertisement
Variousservices,includingtollroadoperationfromotherparties.
Goingforward,theCompanysbusinessprospectwillberobustasitissupportedbynew
concessions with sound financial feasibility that is integrated with existing concession
portfolio,strongandtrustedfinancialstructure,aswellasassetsutilizationinprospective
businesses,which,inturnwillsupporttheCompanyssustainablegrowth.
August 2015
Disclaimer:
86
JSMR Jasa Marga (Persero) Tbk.
As of 31 July 2015
Main Board
Industry Sub Sector : Toll Road, Airport, Harbor And Allied Products (72)
Individual Index
:
Listed Shares
:
336.765
6,800,000,000
38,930,000,000,000
25 | 38.9T | 0.78% | 62.82%

39 | 11.1T | 0.76% | 66.93%
COMPANY HISTORY
Established Date
: 01-Mar-1978
Listing Date
: 12-Nov-2007
Under Writer IPO :
PT Datindo Entrycom
Phone : (021) 570-9009
Fax
: (021) 570-9026
1. Refly Harun
2. Akhmad Syakhroza
3. Boediarso Teguh Widodo
4. Hambra
5. Sigit Widyawan *)
6. Taufik Widjojono

2. Public (<5%)
4,760,000,000 :
2,040,000,000 :
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
10-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. Achiran Pandu Djajanto
3. Christantio Prihambodo
4. Hasanudin
5. Muh Najib Fauzan
6. Reynaldi Hermansjah
AUDIT COMMITTEE
1. Sigit Widyawan
2. Agita Widjajanto
3. Rustam Wahyudi
CORPORATE SECRETARY
Mohammad Sofyan
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
mohammad.sofyan@jasamarga.co.id
87

Closing
Price*
Volume
(Mill. Sh)
7,400
160
6,475
140
5,550
120
4,625
100
3,700
80
2,775
60
1,850
40
925
20
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

120%
100%
80%
61.3%
60%
40%
28.8%
23.0%
20%
-20%
-40%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
2,175
7,871
141
247
2,519
13,121
167
246
2,300
13,229
220
244
1,929
11,543
342
242
1,011
6,628
232
142
Price (Rupiah)
High
Low
Close
Close*
4,275
2,925
4,200
4,200
6,000
4,125
5,450
5,450
6,950
4,525
4,725
4,725
7,075
4,400
7,050
7,050
7,250
5,275
5,725
5,725
24.12
17.53
3.79
24.04
12.11
2.96
34.16
20.04
4.20
29.05
10.01
3.45
21.61
PER (X)
11.09
PER Industry (X)
3.09
PBV (X)
88
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Jasa Marga (Persero) Tbk.
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
3,575
3,200
3,425
3,525
3,525
3,650
4,000
4,175
4,275
3,975
4,000
4,275
Low
2,925
2,950
3,150
3,250
3,275
3,325
3,550
3,625
3,400
3,550
3,675
3,750
Close
3,000
3,175
3,400
3,300
3,475
3,625
3,975
4,000
3,975
3,850
3,875
4,200
(X)
12,779
6,832
13,551
13,158
9,957
7,995
11,849
11,334
16,354
17,076
8,082
11,878
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
5,450
5,525
6,025
6,175
6,175
6,050
6,500
6,625
6,475
6,450
7,075
7,050
4,400
4,975
4,750
5,700
5,850
5,800
5,925
6,100
6,150
5,825
6,325
6,675
5,175
5,375
6,000
5,900
5,875
5,975
6,425
6,200
6,450
6,350
6,750
7,050
32,974
30,448
31,058
31,308
21,239
22,644
30,588
32,799
23,935
30,188
25,934
28,826
182,407
196,866
234,470
206,360
110,940
90,733
211,439
94,443
106,343
197,573
202,949
94,777
906,070
1,037,649
1,337,548
1,240,359
669,436
540,393
1,322,874
594,250
677,115
1,217,762
1,345,264
653,785
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
7,250
7,225
7,200
7,200
6,600
7,000
6,075
6,925
6,900
6,975
5,950
6,000
5,275
5,400
7,200
7,100
7,200
6,200
6,475
5,475
5,725
27,993
29,950
30,454
35,427
31,326
45,083
31,791
127,295
129,358
144,110
198,482
126,120
161,045
124,582
896,176
914,804
1,022,917
1,328,552
799,480
943,906
722,452
21
19
22
21
19
21
19

197,010
636,186
320,670
104,194
195,067
642,378
174,537
587,008
193,346
663,699
175,397
603,870
191,975
722,040
896,266
229,033
225,381
885,369
175,397
665,325
85,380
330,751
228,156
917,847
21
18
23
20
21
20
21
19
20
21
22
21

Book End : December
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
3,764,009
4,302,382
3,514,061
3,290,784
2,759,214
Receivables
87,994
64,092
177,198
148,829
91,086
Inventories
3,996,741
4,531,117
3,746,345
3,641,372
3,083,849
15,945,902
422,507
593,028
701,727
706,821
440,239
289,155
130,965
121,561
129,269
BALANCE SHEET
Current Assets
Fixed Assets
Other Assets
Total Assets
Assets
21,432,134 24,753,551 28,366,345 31,857,948 32,677,629
Growth (%)
20,250
13,500
14.60%
12.31%
2.57%
6,750
4,919,884
4,312,917
3,898,956
3,768,596
6,648,164
8,423,258
8,317,601 12,579,482 16,120,036 17,478,452
Total Liabilities
27,000
15.50%
Current Liabilities
Liabilities
33,750
2011
2012
2013
2014
Jun-15
12,191,853 14,965,766 17,499,365 20,432,952 21,377,408
Growth (%)
22.75%
16.93%
16.76%
4.62%
Authorized Capital
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
Retained Earnings
2,602,769
2,753,965
3,449,446
4,009,692
4,188,525
Total Equity
9,240,280
9,787,786 10,866,980 11,424,996 11,300,221

Par Value
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
4,960,473
Growth (%)
5.93%
11.03%
Dec-12
Dec-13
Dec-14
Jun-15
9,070,219 10,294,668
9,175,319
4,094,561
82.85%
13.50%
5.13%
-1.09%
-10.87%
9,240
11,425
11,300
2014
Jun-15
9,788
9,094
6,764
4,433
2,102
-228
2011
Cost of Revenues
Gross Profit
Expenses (Income)
2,679,084
6,094,983
7,631,490
6,131,283
2,574,067
Operating Profit
2,281,388
2,975,236
2,663,177
3,044,036
1,520,494
30.41%
-10.49%
14.30%
-554,914
-919,979
-948,522
-1,222,062
1,726,475
2,055,257
1,714,655
1,821,974
853,766
407,651
519,445
476,835
606,642
263,977
1,318,824
1,535,812
1,237,821
1,215,332
589,789
16.45%
-19.40%
-1.82%
Growth (%)
10,867
11,425
2012
2013

10,295
9,175
9,070
10,295
8,195

Income before Tax
Tax
Growth (%)
-666,728
6,094
4,960
4,095
3,994
1,894
Period Attributable
1,339,462
1,602,090
1,336,317
1,403,428
670,033
1,321,582
1,536,346
1,236,627
1,215,847
468,933
1,342,220
1,602,624
1,335,123
1,403,944
549,177
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
106.05
68.16
76.15
84.43
79.09
78.88
94.24
78.61
RATIOS
Current Ratio (%)
Dividend (Rp)
196.98
235.60
196.52
206.39
98.53
BV (Rp)
1,358.86
1,439.38
1,598.09
1,680.15
1,661.80
DAR (X)
0.57
0.60
0.62
0.64
0.65
DER(X)
1.32
1.53
1.61
1.79
1.89
ROA (%)
6.15
6.20
4.36
3.81
1.80
ROE (%)
14.27
15.69
11.39
10.64
5.22
GPM (%)
OPM (%)
45.99
32.80
25.87
33.18
37.13
NPM (%)
26.59
16.93
12.02
13.25
14.40
Payout Ratio (%)
40.04
40.00
40.00
1.88
1.73
1.66
EPS (Rp)
Yield (%)
-206
2011
2012
2013
2014
Jun-15

1,536
1,319
1,238
1,215
1,223
909
590
596
283
-31
2011
2012
2013
2014
Jun-15
89
CC O
OM
M PP A
AN
N YY RR EE PP O
O RR TT
KLBF
KALBE FARMA TBK.
Company Profile
PTKalbeFarmaTbk.wasestablisheddatedSeptember10th,1966,withintheframeworkof
theDomesticCapitalInvestmentLaw.
ThescopeofactivitiesoftheCompanycomprises,amongothers,pharmaceuticals,trading
and representative. Currently, the Company is primarily engaged in the development,
manufacturing, and trading of pharmaceuticals preparation including medicines and
consumerhealthproducts.TheCompanystarteditscommercialoperationsin1966.
TheSubsidiariesareengagedin:
the Pharmaceutical: PT Bintang Toedjoe,PT Hexpharm Jaya Laboratories, PT Saka Farma
Laboratories, PT Finusolprima Farma Internasional, PT Bifarma Adiluhung, Innogene
KalbiotechPte.Ltd.,PTDankosFarma,PTPharmaMetricLabs.,PTKalGenDNA,PTKalbio
GlobalMedika.
Health Foods and Drinks: PT Sanghiang Perkasa, PT Kalbe Morinaga Indonesia, PT Hale
International,PTKalbeMilkoIndonesia.
SaleandDistribution:PTEnsevalPuteraMegatradingTbk.,PTTriSaptaJaya,PTMillenia
DharmaInsani,PTEnsevalMedikaPrima,PTGlobalChemindoMegatrading,PTRenalmed
Tiara Utama, PT Medika Renal Citraprima, Kalbe Vision Pte. Ltd., Kalbe International Pte.
Ltd.,AsiawideKalbePhilippinesInc.,PTKarsaLintasBuwana,KalbeMayiaSdn.Bhd.
The Companys production plants is located at Kawasan Industri Delta Silicon, Jln. M.H.
Thamrin,BlockA31,LippoCikarang,Bekasi.
AsofJune30th,2015,theGrouphadacombinedtotalof12,616permanentemployees.
August 2015
Disclaimer:
90
KLBF Kalbe Farma Tbk. [S]
As of 31 July 2015
Main Board
Industry Sub Sector : Pharmaceuticals (53)
Individual Index
:
Listed Shares
:
17,019.409
46,875,122,110
81,797,088,081,950
11 | 81.8T | 1.65% | 48.02%

15 | 20.8T | 1.41% | 42.98%
COMPANY HISTORY
Established Date
: 10-Sep-1966
Listing Date
: 30-Jul-1991
Under Writer IPO :
PT Merincorp
PT Niaga Securities

1. PT Gira Sole Prima
2. PT Santa Seha Sanadi
3. PT Diptanala Bahana
4. Lucasta Murni Cemerlang
5. PT Ladang Ira Panen
6. PT Bina Arta Charisma
7. Public (<5%)
4,767,872,885
4,550,646,840
4,447,970,440
4,439,895,440
4,319,452,940
4,056,166,540
20,293,117,025
:
:
:
:
:
:
:
10.17%
9.71%
9.49%
9.47%
9.21%
8.65%
43.29%

Phone : (021) 478-81515 (Hunting)
Fax
: (021) 470-9697
1. Johannes Setijono
2. Farid Anfasa Moeloek *)
3. Ferdinand Aryanto
4. Lucky Surjadi Slamet *)
5. Ronny Hadiana
6. Santoso Oen
BOARD OF DIRECTORS
1. Bernadette Ruth Irawaty Setiady
2. Bujung Nugroho
3. Djonny Hartono Tjahyadi
4. Ongkie Tedjasurja
5. Vidjongtius
AUDIT COMMITTEE
1. Lucky Surjadi Slamet
2. Kai Arief Iman Selomulya
3. Kurniawan Tedjo
CORPORATE SECRETARY
Vidjongtius
Bonus
Cash
Year
1991
1991
1992
1992
1993
1994
1994
1995
1996
1999
1999
2002
2003
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
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
17.00
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
13-Jun-14
25-May-15
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
18-Jun-14
28-May-15
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
16-Jun-14
26-May-15
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
02-Jul-14
17-Jun-15
F/I
F
B
I
F
F
I
F
F
F
F
F
F
F
F
I
F
F
F
F
F
F
F
F
ISSUED HISTORY
HEAD OFFICE
Kalbe Building 3rd Fl.
Jln. Let. Jend. Suprapto Kav. 4, Cempaka Putih
Jakarta 10510
Phone : (021) 428-73688, 894-243908
Fax
: (021) 428-73678
Homepage
Email
: www.kalbe.co.id
: Vidjongtius@kalbe.co.id
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
91

Closing
Price*
Volume
(Mill. Sh)
2,000
320
1,750
280
1,500
240
1,250
200
1,000
160
750
120
500
80
250
40
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

210%
180%
162.4%
150%
120%
100.6%
90%
60%
30%
-30%
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
3,434
11,391
259
247
6,640
14,832
431
246
19,997
25,755
823
244
13,944
22,039
1,088
242
6,370
11,432
566
142
3,725
2,450
3,400
680
4,975
910
1,060
1,060
1,560
1,000
1,250
1,250
1,835
1,260
1,830
1,830
1,915
1,590
1,745
1,745
30.38
19.75
7.30
30.53
15.98
6.89
43.27
24.22
9.30
38.47
14.32
8.17
Price (Rupiah)
High
Low
Close
Close*
22.43
PER (X)
16.22
PER Industry (X)
5.30
PBV (X)
92
Freq.
Volume
Value
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
3,375
3,000
3,400
3,725
3,600
3,575
3,700
3,550
3,725
3,550
3,600
3,600
Low
2,450
2,700
2,875
3,350
3,225
3,225
3,400
2,900
2,650
2,975
3,300
3,300
Close
2,825
2,925
3,400
3,575
3,575
3,375
3,475
3,475
3,250
3,475
3,525
3,400
(X)
31,889
12,472
26,005
21,717
27,352
19,396
23,402
18,325
22,062
26,568
17,036
12,427
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
1,250
54,113
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
1,455
1,480
1,495
1,550
1,660
1,670
1,800
1,700
1,710
1,715
1,795
1,835
1,260
1,360
1,400
1,455
1,535
1,560
1,640
1,580
1,640
1,595
1,650
1,715
1,405 115,285
1,450
90,285
1,465 100,433
1,545
90,527
1,540
54,597
1,660
94,173
1,730
88,132
1,660 113,962
1,700
91,511
1,705
92,218
1,750
77,230
1,830
79,479
1,481,958
1,393,045
1,431,485
1,213,480
933,943
726,980
1,239,481
1,752,185
907,341
1,088,205
739,375
1,036,522
2,036,864
1,969,357
2,067,755
1,838,928
1,482,209
1,181,149
2,139,985
2,873,280
1,522,631
1,816,283
1,265,949
1,844,446
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
1,880
1,870
1,865
1,915
1,870
1,825
1,745
1,775
1,780
1,775
1,750
1,730
1,590
1,630
1,865
1,805
1,865
1,795
1,840
1,675
1,745
931,699
924,635
1,156,024
906,565
1,178,383
712,306
560,733
1,699,637
1,684,580
2,102,717
1,672,698
2,127,734
1,205,743
938,956
21
19
22
21
19
21
19

512,854 1,539,793
503,579
175,174
409,546 1,256,625
366,099 1,318,778
309,123 1,078,937
206,133
693,300
357,183 1,269,992
638,119
192,858
249,601
835,454
182,564
622,602
129,667
451,000
343,677 1,182,729
21
18
23
20
21
20
21
19
20
21
22
21
28.8%
Jan 11
Closing Price
Day
TRADING ACTIVITIES

Kalbe Farma Tbk. [S]
67,451
72,888
76,831
72,828
92,844
90,201
92,629

Book End : December
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
2,291,336
1,859,663
1,426,461
1,894,610
1,643,305
Receivables
1,635,311
1,938,156
2,273,379
2,464,902
2,642,603
Inventories
1,705,189
2,115,484
3,053,495
3,090,544
3,183,287
Current Assets
5,956,123
6,441,711
7,497,319
8,120,805
8,108,811
Fixed Assets
1,860,288
2,254,763
2,925,547
3,404,457
3,600,486
357,861
326,536
430,635
BALANCE SHEET
Other Assets
Total Assets
Assets
286,899
8,274,554

Total Liabilities
11,000
8,250
5,500
13.82%
20.14%
9.81%
2.40%
2,750
1,630,589
1,891,618
2,640,590
2,385,920
2,437,283
128,031
154,696
174,513
221,637
274,688
1,758,619
2,046,314
2,815,103
2,607,557
2,711,971
16.36%
37.57%
-7.37%
4.00%
Growth (%)
Current Liabilities
9,417,957 11,315,061 12,425,032 12,723,560
Growth (%)
Liabilities
13,750
2011
2012
2013
2014
Jun-15

Authorized Capital
850,000
1,700,000
850,000
850,000
850,000
Paid up Capital
507,801
507,801
507,801
468,751
468,751
10,156
60,936
50,780
46,875
46,875
50
50&10
10
10
10
9,073,489

Par Value
Retained Earnings
6,407,439
7,250,739
7,633,188
8,900,998
Total Equity
6,515,935
7,371,644
8,499,958
9,817,476 10,011,588
13.13%
15.31%
15.50%
Dec-12
Dec-13
Dec-14
Jun-15
10,911,860 13,636,405 16,002,131 17,368,533
8,719,777
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
Growth (%)
24.97%
17.35%
1.98%
8.54%
10,012
2014
Jun-15
8,500
7,372
7,969
6,516
5,927
3,884
1,842
-200
2011
Cost of Revenues
5,360,687
7,102,971
8,323,018
8,892,737
4,422,048
Gross Profit
5,551,173
6,533,434
7,679,113
8,475,795
4,297,730
Expenses (Income)
3,563,914
4,225,417
5,106,591
5,712,095
2,880,172
Operating Profit
9,817
10,012
2012

16,002
17,369
Growth (%)
2013
17,369
13,636
13,825

Income before Tax
Tax
1,987,259
2,308,017
2,572,523
2,763,701
1,417,558
464,303
532,918
602,070
642,610
333,153
1,522,957
1,775,099
1,970,452
2,121,091
1,084,405
16.56%
11.01%
7.64%
Growth (%)
10,912
8,720
10,282
6,739
3,196
Period Attributable
1,482,237
1,733,928
1,919,508
2,064,687
1,063,118
1,539,721
1,772,035
2,004,244
2,129,215
1,099,483
1,498,877
1,730,864
1,952,589
2,072,781
1,077,939
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
365.27
340.54
283.93
340.36
332.70
95.00
19.00
17.00
19.00
RATIOS
Current Ratio (%)
Dividend (Rp)
EPS (Rp)
145.95
28.45
37.80
44.05
22.68
BV (Rp)
641.58
120.97
167.39
209.44
213.58
DAR (X)
0.21
0.22
0.25
0.21
0.21
DER(X)
0.27
0.28
0.33
0.27
0.27
ROA (%)
18.41
18.85
17.41
17.07
8.52
ROE (%)
23.37
24.08
23.18
21.61
10.83
GPM (%)
50.87
47.91
47.99
48.80
49.29
OPM (%)
NPM (%)
13.96
13.02
12.31
12.21
12.44
Payout Ratio (%)
65.09
66.77
44.97
43.14
2.79
1.79
1.36
1.04
Yield (%)
-347
2011
2012
2013
2014
Jun-15

1,970
2,121
2,121
1,775
1,688
1,523
1,084
1,256
823
390
-42
2011
2012
2013
2014
Jun-15
93
COMPANY REPORT
LPKR
LIPPO KARAWACI TBK.
Company Profile
PT Lippo Karawaci Tbk. wasestablished under thenamePT Tunggal Reksakencanadated

October15th,1990.
TheCompanysscopeofactivitiesincluderealestate,urbandevelopment,landpurchasing
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
environmentinfrastructure,buildandmanagepublicfacilitiesandaccommodationservices
andoperatingactivitiesinservicesconsistingofpublictransportation,securityservicesand
othersupportingservices,exceptforlegalandtaxationservices.
The main activities of the Company include urban development, large scale integrated
development,retailmalls,healthcare,hospitals&infrastructure,alsoproperty&portfolio
management.
The Company creates wellplanned developments that circumvent traffic congestion, are
floodfree, and possess worldclass infrastructure. The Company is driven by its vision of
impacting lives, while continuously creating value for its stakeholders. The needs of the
growingmiddle,uppermiddleandupperclassesofIndonesiaaremetbythequalityofthe
services offered through each business segment, while sustainable growth is achieved
throughabalancedportfolioofdevelopmentprojectssupportedandsustainedbyastable
level of recurring income from healthcare, hotel leisure & hospitality, infrastructure, and
feebasedincomeasRetailEstateInvestmentTrust(REIT)andpropertymanagers.
ThecompanyisoneoftheincorporatedinthebusinessgroupLippoGroup.
AsofJune30th,20154,theCompanyandsubsidiarieshad11,129employees.
August 2015
Disclaimer:
94
LPKR Lippo Karawaci Tbk. [S]

Main Board
As of 31 July 2015
Individual Index
:
Listed Shares
:
295.727
23,077,689,619
26,654,731,509,945
31 | 26.7T | 0.54% | 66.46%

14 | 22.8T | 1.55% | 41.57%
COMPANY HISTORY
Established Date
: 15-Oct-1990
Listing Date
: 28-Jun-1996
Under Writer IPO :
PT Pentasena Arthasentosa
PT Sharestar Indonesia
Beritasatu Plasa 7th Fl.
Jln. Jend. Gatot Subroto Kav. 35 - 36 Jakarta 12950
Phone : (021) 527-7966
Fax
: (021) 527-7967
1. Theo L. Sambuaga
2. Agum Gumelar *)
3. Farid Harianto *)
4. Muladi *)
5. Surjadi Soedirdja
6. Sutiyoso *)
7. Tanri Abeng
8. Viven G. Sitiabudi
BOARD OF DIRECTORS
1. Ketut Budi Wijaya
2. Alwi Sjaaf
3. Jenny Kuistono
4. Johanes Jany
5. Ninik Prajitno
6. Rahmawaty
7. Stephen Choo Kooi Yoon
8. Tjokro Libianto

1. Pacific Asia Holding Ltd.
2. Credit Suisse Agsg Traccl PT Metropolis Propertindo Utama-202390421
3. Bank Julius Baer and Co Ltd. S/A Pacific Asia Holdings Limited
4. Public (<5%)
Bonus
Cash
Year
1995
1997
2005
2005
2006
2010
2010
2011
2012
2013
Shares
Dividend
40.00
10.00
10.00
9.99
4.62
2.88
4.33
7.79
11.85
14.05
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
02-Dec-14
3,676,619,908
1,212,280,000
450,000,000
17,738,789,711
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
05-Dec-14
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
03-Dec-14
:
:
:
:
15.93%
5.25%
1.95%
76.87%
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
19-Dec-14
F
F
F
F
I
F
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
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. Muladi
2. Achamd Kurniadi
3. Herbudianto
CORPORATE SECRETARY
Sri Mulyati Handoyo
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
95

Closing
Price*
Volume
(Mill. Sh)
2,000
2,400
1,750
2,100
1,500
1,800
1,250
1,500
1,000
1,200
750
900
500
600
250
300
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

210%
180%
150%
147.2%
120%
90%
60%
62.7%
30%
28.8%
-30%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
26,623
17,618
250
247
12,933
10,947
153
246
26,782
33,257
548
244
23,222
24,164
527
242
11,097
12,941
341
142
870
500
660
660
1,120
650
1,000
1,000
1,850
850
910
910
1,295
855
1,020
1,020
1,460
980
1,155
1,155
9.30
17.34
2.01
17.10
9.57
1.48
16.76
16.29
1.44
17.19
17.42
1.33
Price (Rupiah)
High
Low
Close
Close*
26.26
PER (X)
11.09
PER Industry (X)
1.62
PBV (X)
96
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Lippo Karawaci Tbk. [S]
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
750
610
620
810
810
680
780
870
760
680
680
680
Low
510
500
530
590
610
620
630
640
620
570
600
620
Close
570
540
610
780
680
650
780
740
680
640
630
660
(X)
28,801
18,516
19,855
18,261
22,025
18,941
23,869
27,728
26,990
23,229
11,310
10,394
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
1,000
960
1,295
1,220
1,160
1,065
1,180
1,240
1,080
1,080
1,180
1,195
855
910
920
1,040
1,035
930
945
1,060
935
885
1,005
970
950
940
1,085
1,070
1,035
960
1,100
1,070
940
1,070
1,165
1,020
37,016
39,852
61,757
47,022
29,729
28,924
38,898
43,011
49,324
68,627
33,157
49,252
2,155,619
2,392,473
2,407,412
1,840,563
1,310,521
1,476,320
2,232,519
1,402,081
1,734,697
2,797,512
1,493,052
1,979,358
2,024,577
2,240,643
2,582,770
2,076,457
1,437,331
1,487,519
2,453,791
1,610,434
1,771,314
2,764,165
1,613,526
2,101,691
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
1,155
1,180
1,355
1,460
1,375
1,310
1,225
980
1,090
1,070
1,150
1,185
1,085
1,105
1,135
1,180
1,350
1,185
1,300
1,180
1,155
59,914
46,815
49,443
35,527
36,156
62,466
50,953
2,548,120
1,659,815
2,003,589
1,133,692
955,769
1,226,392
1,569,210
2,690,503
1,874,205
2,359,437
1,522,562
1,242,448
1,425,250
1,826,821
21
19
22
21
19
21
19

3,093,422 1,933,172
2,130,767 1,182,383
2,184,902 1,233,282
2,741,114 1,948,330
4,006,475 2,803,561
3,595,616 2,349,313
1,698,345 1,189,915
2,175,672 1,672,375
1,736,178 1,226,393
1,379,677
873,259
988,661
630,004
575,944
891,879
21
18
23
20
21
20
21
19
20
21
22
21

Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
2,174,561
3,337,357
1,855,052
3,529,169
2,032,791
923,556
605,801
781,409
951,104
1,139,947

Receivables
Assets
Inventories
7,892,171 10,504,910 13,894,009 16,553,036 17,934,740
Investment
2,963,651
85,784
130,431
123,284
295,925
210,276
2,222,377
2,810,892
3,208,763
3,392,820
419,508
60,968
718,887
98,977
Fixed Assets
Other Assets
Total Assets
18,259,171 24,869,296 31,300,362 37,761,221 40,789,326
36.20%
Growth (%)
Bank Payable
Trade Payable
Total Liabilities
25.86%
20.64%
33,000
24,750
16,500
8.02%
8,250
-
70,825
59,680
216,501
309,786
416,871
575,701
397,748
395,134
511,307
Liabilities
41,250
2011
2012
2013
2014
Jun-15
8,850,153 13,399,189 17,122,789 20,114,772 20,756,592
Growth (%)
51.40%
27.79%
17.47%
3.19%
Authorized Capital
6,400,000
6,400,000
6,400,000
6,400,000
6,400,000
Paid up Capital
2,307,769
2,307,769
2,307,769
2,307,769
2,307,769
23,078
23,078
23,078
23,078
23,078
100
100
100
100
100
Retained Earnings
2,907,500
3,790,222
4,748,453
6,975,738
7,382,906
Total Equity
9,409,018 11,470,106 14,177,573 17,646,449 20,032,734

Par Value
21.91%
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
Dec-12
4,189,580
6,160,214
Growth (%)
23.60%
24.47%
Dec-13
Dec-14
Jun-15
6,666,214 11,655,042
4,624,752
47.04%
8.21%
74.84%
13.52%
14,178
15,946
11,470
11,859
9,409
7,773
3,686
-401
2011
Cost of Revenues
2,293,260
3,339,267
3,619,572
6,257,664
2,489,670
Gross Profit
1,896,320
2,820,947
3,046,643
5,397,378
2,135,083
Operating Expenses
968,324
1,271,753
1,103,623
1,588,588
909,503
Operating Profit
927,996
1,549,193
1,943,020
3,808,790
1,225,580
66.94%
25.42%
96.02%
56,814
27,895
-18,190
-113,812
-52,470
Income before Tax
984,810
1,577,088
1,924,830
3,694,979
1,173,110
Tax
170,716
254,241
332,339
559,763
115,639
814,094
1,322,847
1,592,491
3,135,216
1,057,471
62.49%
20.38%
96.87%
Growth (%)
20,033
17,646
20,033
2012
2013
2014
Jun-15

11,655
11,655
9,277
Growth (%)
6,160
6,900
6,666
4,625
4,190
4,522
2,145
Period Attributable
708,282
1,060,222
1,228,230
2,547,285
775,317
579,917
2,482,548
1,676,148
2,996,884
1,757,838
474,105
2,219,923
1,311,887
2,408,953
1,448,229
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
7.79
11.85
14.05
EPS (Rp)
30.69
45.94
53.22
110.38
33.60
BV (Rp)
407.71
497.02
614.34
764.65
868.06
DAR (X)
0.48
0.54
0.55
0.53
0.51
DER(X)
0.94
1.17
1.21
1.14
1.04
ROA (%)
4.46
5.32
5.09
8.30
2.59
ROE (%)
8.65
11.53
11.23
17.77
5.28
GPM (%)
45.26
45.79
45.70
46.31
46.17
OPM (%)
22.15
25.15
29.15
32.68
26.50
NPM (%)
19.43
21.47
23.89
26.90
22.87
Payout Ratio (%)
25.38
25.79
26.40
1.18
1.19
1.54
Dividend (Rp)
Yield (%)
-233
2011
2012
2013
2014
Jun-15

3,135
3,135
2,496
1,856
1,323
1,216
1,592
1,057
814
577
-63
2011
2012
2013
2014
Jun-15
97
COMPANY REPORT
LPPF
MATAHARI DEPARTMENT STORE TBK.
Company Profile
PTMatahariDepartmentStoreTbk.wasestablishedunderthenamePTStephensUtama
International Leasing Corp. dated April 1st, 1982. The Company started its commercial
operationsin1982.
Since30October2009,thCompanyhasengagedinthereailbussinessforseveraltypesof
products such as clothes, accessories, bags, shoes, cosmetics, and household appliances,
andmanagementconsultingservice.
The Companys operational head office is located in Menara Matahari 15th Fl., Jln.
Boulevard Palem Raya No. 7, Lippo Karawaci Tangerang, Banten, and the stores are
located in cities throughout Indonesia. As of 31 December 2014, the Company operates
131stores.
Parent company is PT Indonesia Meadow and PT Indonesia Meadow parent company is

MeadowAsiaHoldingLtd.,acompanydomiciledinCaymanIslands.
August 2015
Disclaimer:
98
LPPF Matahari Department Store Tbk.
As of 31 July 2015
Development Board
Industry Sub Sector : Retail Trade (93)
Individual Index
:
Listed Shares
:
396.516
2,917,918,080
51,063,566,400,000
18 | 51.1T | 1.03% | 57.11%

8 | 33.6T | 2.28% | 31.38%
COMPANY HISTORY
Established Date
: 01-Apr-1982
Listing Date
: 09-Oct-1989
Under Writer IPO :
PT Aseam Indonesia
PT Finconesia
PT Multicor
PT Bank Pembangunan Indonesia
PT Danareksa
Phone : (021) 527-7966
Fax
: (021) 527-7967
1. John Bellis
2. Henry Jani Liando
3. Herbert Stepic *)
4. John Riady
5. Jonathan Limbong Parapak *)
6. Niel Byron Nielson
7. Sigit Prasetya
8. William Travis Saucer
BOARD OF DIRECTORS
1. Bunjamin Jonathan Mailool
2. Andre Rumantir
3. Andy N. Purwohardono
4. Larry Michael Remsen

1. PT Multipolar Tbk.
2. Public (<5%)
597,529,500 :
2,320,388,580 :
Bonus
Cash
Year
1990
1990
1991
1992
1993
1994
1995
1996
2010
2010
2013
Shares
5:1
1 :2
5:1
Dividend
50.00
100.00
175.00
75.00
50.00
75.00
75.00
50.00
32.25
14.00
157.70
Cum Date
11-Jul-90
02-Jul-91
13-Jul-92
10-Jun-93
21-Jul-94
23-Jun-95
09-Jul-96
07-Jul-97
10-Jun-11
22-Aug-11
11-Jun-14
Ex Date
12-Jul-90
03-Jul-91
14-Jul-92
11-Jun-93
22-Jul-94
26-Jun-95
10-Jul-96
08-Jul-97
13-Jun-11
23-Aug-11
12-Jun-14
Recording
Date
20-Jul-90
10-Jul-91
21-Jul-92
19-Jun-93
29-Jul-94
04-Jul-95
18-Jul-96
16-Jul-97
15-Jun-11
25-Aug-11
16-Jun-14
20.48%
79.52%
Payment
Date
22-Aug-90
12-Aug-91
11-Aug-92
19-Jul-93
26-Aug-94
03-Aug-95
16-Aug-96
15-Aug-97
30-Jun-11
15-Sep-11
30-Jun-14
I
F
F
F
F
F
F
F
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
Type of Listing
First Issue
Partial Listing
Bonus Shares
Bonus Shares
Dividen Shares
Company Listing
Right Issue
Reverse Stocks
Right Issue
Shares
2,140,000
2,250,000
878,000
10,536,000
3,160,800
11,880,000
1,295,481,600
-1,061,061,120
2,652,652,800
Listing
Date
09-Oct-89
12-Apr-90
27-Aug-90
13-Aug-92
02-Sep-94
11-Jun-97
19-Jul-01
09-Nov-09
04-Dec-09
Trading
Date
09-Oct-89
24-Apr-90
27-Aug-90
13-Aug-92
02-Sep-94
11-Jun-97
19-Jul-01
09-Nov-09
04-Dec-09
AUDIT COMMITTEE
1. John Bellis
2. Isnandar Rachmat Ali
3. Prawiro Widjaja
CORPORATE SECRETARY
Miranti Hadisusilo
HEAD OFFICE
Menara Matahari 15th Fl.
Jln. Bulevar Palem Raya No. 7, Lippo Karawaci - 1200
Tangerang 15811
Phone : (021) 546-9333, 547-5333, 547-5758
Fax
: (021) 547-5650
Homepage
Email
F/I
: www.matahari.co.id
: miranti.hadisusilo@matahari.co.id
99

Closing
Price*
Volume
(Mill. Sh)
20,000
3,200
17,500
2,800
15,000
2,400
12,500
2,000
10,000
1,600
7,500
1,200
5,000
800
2,500
400
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

700%
600%
586.3%
500%
400%
300%
200%
100%
28.8%
-100%
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
2,864
7,750
0.03
17
0.06
0.1
0.02
14
3,340
30,221
193
191
1,724
24,572
568
242
1,271
20,619
454
142
Price (Rupiah)
High
Low
Close
Close*
3,000
2,300
2,400
2,400
2,700
2,300
2,700
2,700
14,500
2,500
11,000
11,000
18,000
10,800
15,000
15,000
20,225
14,125
17,500
17,500
10.22
19.08
-4.08
27.91
15.42
-41.08
15.04
PER (X)
16.89
PER Industry (X)
-2.59
PBV (X)
100
Freq.
Volume
Value
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
2,700
2,550
2,550
2,400
2,750
2,700
3,000
3,000
Low
2,550
2,550
2,550
2,400
2,400
2,700
2,800
2,300
Close
2,550
2,550
2,700
2,550
2,550
2,400
2,700
2,700
2,700
2,700
3,000
2,400
(X)
1
3
1
1
2
8
3
2
4
6
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
2,300
2,300
2,500
2,500
2,600
2,700
-
2,300
2,300
2,500
2,500
2,500
2,700
-
2,300
2,300
2,300
2,300
2,500
2,500
2,500
2,600
2,700
2,700
2,700
2,700
5
4
2
3
3
1
-
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
3,375
11,550
12,200
14,200
13,050
13,250
14,500
13,600
13,300
12,200
11,400
2,500
4,200
11,000
11,950
9,750
10,500
10,500
10,000
10,300
10,550
10,300
2,700
3,375
11,000
12,100
13,000
11,600
12,450
12,450
10,500
12,300
11,550
11,000
8
5,694
16,693
15,960
20,216
19,188
39,379
30,316
15,842
15,927
14,073
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
13,075
15,000
15,000
15,500
15,175
14,550
15,450
18,000
17,100
16,350
15,700
15,850
10,800
11,475
12,900
13,675
13,500
13,500
13,475
13,725
15,650
14,250
14,025
14,025
11,625
14,000
13,900
15,000
14,525
13,800
14,500
16,275
16,225
14,625
15,000
15,000
32,152
47,132
50,174
44,656
27,255
37,570
36,632
71,943
66,159
54,089
47,206
52,839
56,432
131,382
338,527
114,974
66,252
61,124
83,450
487,072
97,910
112,386
75,862
99,075
661,262
1,738,718
4,466,054
1,700,858
970,987
855,042
1,204,403
7,064,996
1,593,883
1,724,398
1,121,722
1,469,530
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
16,200
18,100
20,000
20,225
18,450
18,000
18,125
14,125
14,800
17,300
16,100
16,200
15,800
15,800
15,525
17,850
19,700
17,500
17,450
16,550
17,500
58,908
59,414
72,275
67,293
70,303
62,890
63,226
446,605
263,261
119,919
120,762
118,558
103,593
98,391
6,762,194
3,981,884
2,180,042
2,193,928
2,058,595
1,750,968
1,691,697
21
19
22
21
19
21
19

0.3
0.8
3
8
0.5
1
1
3
1
2
4
10
2,863,941 7,749,826
1
3
4
10
5
12
21
11
2
17
7
1
-
1
2
1
1
1
2
1
1
3
4
47
24
5
43
18
3
-
2
4
2
3
2
1
-
8
20
2,299,282 17,961,295
158,212 1,822,277
94,072 1,243,071
159,803 1,792,094
99,430 1,158,399
254,031 3,143,021
109,528 1,229,329
54,281
633,331
65,331
745,396
45,788
493,022
2
5
22
22
19
23
17
21
21
20
19
95.8%
Jan 11
Closing Price
Day
TRADING ACTIVITIES

Matahari Department Store Tbk.
30.96
39.41
22.13
16.33
-241.68 -1,149.72

Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
918,974
999,872
772,217
785,895
693,494
Assets
Receivables
66,273
73,574
62,932
109,381
106,693
Inventories
462,013
519,601
723,809
955,231
1,538,249
1,567,335
1,744,220
1,703,067
2,117,507
2,567,226
622,891
694,005
727,186
725,954
867,284
Current Assets
Fixed Assets
Other Assets
Total Assets
5,000
3,750
15,796
21,908
28,268
24,577
74,609
2,422,472
2,929,752
2,936,882
3,408,372
4,115,054
20.94%
0.24%
16.05%
20.73%
1,250
-
Growth (%)
Current Liabilities
1,708,305
2,170,205
1,890,181
2,518,521
3,805,730
3,416,580
2,691,079
1,828,073
712,261
353,738
Total Liabilities
5,124,885
4,861,284
3,718,254
3,230,782
4,159,468
-5.14%
-23.51%
-13.11%
28.74%
Growth (%)
Liabilities
6,250
2,500
2011
2012
2013
2014
Jun-15

Authorized Capital
486,114
486,114
386,794
386,794
386,794
Paid up Capital
386,794
386,794
386,794
386,794
386,794
2,918
2,918
2,918
2,918
2,918

Par Value
Retained Earnings
Total Equity
5,000 & 350 & 100 5,000 & 350 & 100 5,000 & 350 & 100 5,000 & 350 & 100 5,000 & 350 & 100
482,727
1,253,608
2,403,768
3,362,730
3,140,726
-2,702,413
-1,931,532
-781,372
177,590
-44,414
28.53%
59.55%
N/A
N/A
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
4,700,712
5,616,932
6,754,326
7,925,547
3,920,939
19.49%
20.25%
17.34%
Growth (%)
1,595,216
1,910,789
2,391,274
2,877,507
1,439,676
3,105,496
3,706,143
4,363,052
5,048,040
2,481,263
Expenses (Income)
1,864,195
2,121,792
2,548,184
2,964,128
1,623,119
Operating Profit
1,241,301
1,584,351
1,814,868
2,083,912
858,144
27.64%
14.55%
14.82%
-505,707
-425,356
-291,246
-233,368
178
2014
-398
Jun-15
-44
-781
-974
-1,550
-1,932
-2,126
Income before Tax
735,594
1,158,995
1,523,622
1,850,544
827,169
Tax
269,946
388,114
373,462
431,426
179,398
465,648
770,881
1,150,160
1,419,118
647,771
65.55%
49.20%
23.38%

7,926
6,754
5,617
6,309
Growth (%)
2013
-2,702
Gross Profit
2012
-2,702
Cost of Revenues
Growth (%)
2011
-30,975
4,701
3,921
4,692
3,075
1,458
Period Attributable
465,648
770,881
1,150,160
1,419,118
647,771
465,648
770,881
1,150,160
1,419,118
647,771
465,648
770,881
1,150,160
1,419,118
647,771
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
91.75
80.37
90.10
84.08
67.46
157.70
Current Ratio (%)

Dividend (Rp)
EPS (Rp)
159.58
264.19
394.17
486.35
222.00
BV (Rp)
-926.14
-661.96
-267.78
60.86
-15.22
DAR (X)
2.12
1.66
1.27
0.95
1.01
DER(X)
-1.90
-2.52
-4.76
18.19
-93.65
ROA (%)
19.22
26.31
39.16
41.64
15.74
ROE (%)
-17.23
-39.91
-147.20
799.10
-1,458.48
GPM (%)
66.06
65.98
64.60
63.69
63.28
OPM (%)
26.41
28.21
26.87
26.29
21.89
NPM (%)
9.91
13.72
17.03
17.91
16.52
Payout Ratio (%)
40.01
Yield (%)
1.43
-159
2011
2012
2013
2014
Jun-15

1,419
1,419
1,150
1,130
771
840
551
648
466
261
-28
2011
2012
2013
2014
Jun-15
101
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
theplantationbusinesslocatedinNorthSumatera,SouthSumatera,Java,EastKalimantan,
North Sulawesi, and South Sulawesi with a total planted area of 110,656 hectares as of
September 30th, 2014. The main products are crude palm oil and rubber, and small
quantitiesofcocoa,teaandseeds.
The Company is domiciled in Jakarta with operational branch offices located in Medan,
Palembang,Makassar,SurabayaandSamarinda.TheCompanysregisteredofficeaddress
isatPrudentialTower15thFl.,Jln.Jend.SudirmanKav.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 agromanagement expertise and a highly
skilledandanexperiencedworkforce.Thescopeofthebusinesshasbroadenedtoinclude
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,JavaandSulawesi.Lonsumisknownintheindustryforthequalityofitsoilpalm
ancocoaseeds,andthishightechbusinessisnowamajorgrowthdriverfortheCompany.
In addition to the development of its own plantations, the Company is developing

plantationsonbehalfoflocalsmallholders(plasmaplantations)inlinewiththenucleus
plasmaplantationschemethatwasselectedwhentheCompanyexpandeditsplantations.
PT Salim Ivomas Pratama Tbk. (SIMP) and First Pacific Company Limited, Hong Kong, are
theparentcompanyandtheultimateparentcompanyoftheGroup.AsofJune30th,2015,
theGrouphasatotalof15,472permanentemployees.
ThesubsidiariescontrolledbytheCompanyeitherdirectlyorindirectlyareasfollows:
PTMultiAgroKencanaPrima,
LonsumSingaporePte.Ltd.,
PTTaniMusiPersada,
PTSumatraAgriSejahtera,
PTTaniAndalasSejahtera,
AgriInvestmentsPte.,Ltd.,and
SumateraBiosciencePte.Ltd.Singapore.
August 2015
Disclaimer:
102
LSIP
PP London Sumatra Indonesia Tbk. [S]
As of 31 July 2015
Main Board
Individual Index
:
Listed Shares
:
349.677
6,822,863,965
9,244,980,672,575
89 | 9.24T | 0.19% | 84.39%

41 | 11.0T | 0.75% | 68.43%
COMPANY HISTORY
Established Date
: 18-Dec-1962
Listing Date
: 05-Jul-1996
Under Writer IPO :
Phone : (021) 252-5666
Fax
: (021) 252-5028
2. Axton Salim
3. Edy Sugito *)
4. Hendra Widjaja
5. Monang Silalahi *)
BOARD OF DIRECTORS
1. Benny (Benny Tjoeng)
2. Joefly Joesoef Bahroeny
3. Mark Julian Wakeford
4. Tan Agustinus Dermawan
5. Tio Eddy Hariyanto
AUDIT COMMITTEE
1. Monang Silalahi
2. Hendra Susanto
3. Timotius

1. PT Salim Ivomas Pratama
2. Public (<5%)
4,058,425,010 :
2,764,438,955 :
Bonus
Cash
Year
1996
1996
1997
2005
2008
2009
2010
2011
2012
2013
2014
Shares
10 : 14
Dividend
110.00
30.00
75.00
208.00
209.00
61.00
100.00
66.00
46.00
53.00
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
16-Jun-14
12-May-15
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
17-Jun-14
13-May-15
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
19-Jun-14
18-May-15
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
03-Jul-14
05-Jun-15
B
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
Company Listing
Bonus Shares
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
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
: endah.resmiati@londonsumatra.com
103

TRADING ACTIVITIES

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-11
Jan-12
Jan-13
Jan-14
Jan-15

Agriculture Index
80%
60%
40%
28.8%
20%
-16.5%
-20%
-40%
-46.7%
-60%
-80%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
2,928
8,117
162
247
3,744
9,452
180
246
6,246
10,205
338
244
7,566
15,288
657
242
3,422
5,909
321
142
13,000
1,710
2,250
2,250
3,150
1,830
2,300
2,300
2,525
960
1,930
1,930
2,480
1,470
1,890
1,890
2,070
1,315
1,355
1,355
13.98
33.17
2.50
17.11
15.46
1.99
13.84
19.34
1.84
14.97
23.50
1.33
Price (Rupiah)
High
Low
Close
Close*
7.34
PER (X)
1.79
PER Industry (X)
2.63
PBV (X)
104
Closing Price
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
Freq.
High
Low Close
13,000 11,200 11,800
12,000 2,100 2,150
2,425 2,125 2,275
2,475 2,275 2,450
2,525 2,300 2,425
2,450 2,250 2,325
2,425 2,225 2,350
2,425 2,100 2,400
2,450 1,710 2,050
2,300 1,730 2,200
2,400 2,050 2,375
2,400 2,075 2,250
(X)
12,316
13,520
23,339
12,961
16,005
9,902
10,700
10,196
13,810
18,353
10,456
10,742
Volume
Value

71,801
867,920
931,577
97,341
518,476 1,182,549
380,973
906,012
365,400
882,264
243,655
567,749
261,351
607,726
487,230
209,783
122,610
261,295
270,922
553,930
225,400
514,122
159,936
354,428
Day
LSIP
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
2,500
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
1,980
2,110
2,400
2,480
2,465
2,400
2,315
2,150
1,930
1,980
2,060
2,040
1,470
1,625
2,020
2,120
2,185
2,175
1,995
1,855
1,715
1,735
1,865
1,845
1,655
2,070
2,210
2,450
2,310
2,315
2,100
1,870
1,900
1,945
1,985
1,890
72,532
50,243
69,302
56,810
43,233
40,198
55,975
67,017
61,978
54,897
44,540
40,505
1,054,575
849,896
901,196
770,823
459,812
381,878
494,979
593,511
713,775
498,181
492,111
355,184
1,738,764
1,599,785
2,009,766
1,800,557
1,076,352
874,975
1,073,280
1,193,758
1,330,095
933,410
968,338
689,206
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
2,070
1,960
1,945
1,745
1,790
1,780
1,685
1,805
1,775
1,640
1,370
1,380
1,515
1,315
1,840
1,880
1,730
1,425
1,665
1,555
1,355
45,212
49,958
47,115
50,810
62,094
34,739
30,607
435,491
515,066
523,934
534,502
775,206
346,699
291,516
844,838
963,712
963,618
841,066
1,263,882
577,961
453,815
21
19
22
21
19
21
19
LSIP
Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
2,063,982
1,799,137
1,401,395
1,356,532
650,633
Assets
Receivables
112,071
52,132
116,796
84,586
108,031
Inventories
368,244
645,954
374,485
380,360
455,749
Current Assets
2,567,657
2,593,816
1,999,126
1,863,506
1,304,895
Fixed Assets
1,824,630
2,229,928
2,776,825
3,238,752
3,391,419
Other Assets
Total Assets
7,000
5,250
87,691
61,331
63,000
127,552
151,639
6,791,859
7,551,796
7,974,876
8,655,146
8,732,180
11.19%
5.60%
8.53%
0.89%
1,750
-
Growth (%)
Current Liabilities
531,326
792,482
804,428
748,076
754,890
421,109
479,601
556,461
688,236
1,018,820
Total Liabilities
952,435
1,272,083
1,360,889
1,436,312
1,773,710
33.56%
6.98%
5.54%
23.49%
Growth (%)
Liabilities
8,750
3,500
2011
2012
2013
2014
Jun-15

Authorized Capital
800,000
800,000
800,000
800,000
800,000
Paid up Capital
682,286
682,286
682,286
682,286
682,286
6,823
6,823
6,823
6,823
6,823
100
100
100
100
100

Par Value
Retained Earnings
4,126,893
4,560,793
4,879,977
5,482,962
5,213,342
Total Equity
5,839,424
6,279,713
6,613,987
7,218,834
6,958,470
7.54%
5.32%
9.14%
-3.61%
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
4,686,457
4,211,578
4,133,679
4,726,539
2,079,700
-10.13%
-1.85%
14.34%
Growth (%)
2,324,138
2,530,503
2,880,220
3,090,100
2,362,319
1,681,075
1,253,459
1,636,439
602,825
356,795
357,102
227,810
395,917
202,328
2,005,524
1,323,973
1,025,649
1,240,522
400,497
-33.98%
-22.53%
20.95%
84,989
48,110
-28,658
-51,591
4,467
2,090,513
1,372,083
996,991
1,188,931
404,964
389,000
256,544
228,366
272,236
96,118
1,701,513
1,115,539
768,625
916,695
308,846
-34.44%
-31.10%
19.26%
Growth (%)
6,614
7,219
6,958
5,746
4,274
2,801
1,328
2011
Gross Profit
Operating Profit
5,839
6,280
-144
Cost of Revenues
Expenses (Income)
7,219
2012
2013
2014
Jun-15
1,476,875
4,727
4,686
4,212
4,727
4,134
3,762

Income before Tax
Tax
Growth (%)
2,798
2,080
1,834
870
Period Attributable
1,701,580
1,116,186
769,493
916,704
308,849
1,701,513
1,122,575
788,003
918,566
317,119
1,701,580
1,123,222
788,871
918,575
159,519
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
483.25
327.30
248.52
249.11
172.86
RATIOS
Current Ratio (%)
Dividend (Rp)
100.00
66.00
46.00
53.00
EPS (Rp)
249.39
163.60
112.78
134.36
45.27
BV (Rp)
855.86
920.39
969.39
1,058.04
1,019.88
DAR (X)
0.14
0.17
0.17
0.17
0.20
DER(X)
0.16
0.20
0.21
0.20
0.25
ROA (%)
25.05
14.77
9.64
10.59
3.54
ROE (%)
29.14
17.76
11.62
12.70
4.44
GPM (%)
50.41
39.92
30.32
34.62
28.99
OPM (%)
42.79
31.44
24.81
26.25
19.26
NPM (%)
36.31
26.49
18.59
19.39
14.85
Payout Ratio (%)
40.10
40.34
40.79
39.45
4.44
2.87
2.38
2.80
Yield (%)
-95
2011
2012
2013
2014
Jun-15

1,702
1,702
1,354
1,116
917
1,007
769
660
309
313
-34
2011
2012
2013
2014
Jun-15
105
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.
ThescopeofCompany'sactivitiesistoengageingeneraltrading,construction,industrial,
agricultural, transportation, printing, multimedia through satellite and other
telecommunicationsperipheral,servicesandinvestments.
The Companyis part of Mediacom Group. The Company has ownership in the following
subsidiaries:
Broadcasting:
1. PTRajawaliCitraTelevisiIndonesia(RCTI)
2. PTGlobalInformasiBermutu
3. PTCiptaTelevisiPendidikanIndonesia(CTPI)
4. PTSunTelevisiNetwork(STN)andsubsidiaries
5. PTMNCNetworks(MNCN)andsubsidiaries
Printandonline:
1. PTMediaNusantaraInformasiandsubsidiary
2. PTMNIGlobal
3. PTMNIPublishinganditssubsidiary
4. PTOkezoneIndonesia(Okezone)
Advertisingagency:
1. PTCrossMediaInternasional(CMI)andsubsidiaries
Contentproduction:
1. PTMNCPictures
2. MNCInternationalMiddleEastLtd.
Talentmanagementandothers:
1. PTStarMediaNusantara
2. PTMNCLisensiInternational
TheCompanystarteditscommercialoperationsinDecember2001.TheCompanyandits
subsidiarieshaveatotalof7,451employeesasofJune30th,2015.
August 2015
Disclaimer:
106
MNCN Media Nusantara Citra Tbk. [S]
As of 31 July 2015
Main Board
Industry Sub Sector : Advertising, Printing And Media (95)
Individual Index
:
Listed Shares
:
227.222
14,276,088,500
29,194,600,982,500
29 | 29.2T | 0.59% | 65.37%

48 | 9.83T | 0.67% | 73.44%
COMPANY HISTORY
Established Date
: 17-Jun-1997
Listing Date
: 22-Jun-2007
Under Writer IPO :
PT Bhakti Securities
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
1. Rosano Barack
2. Adam Chesnoff
3. Bambang Rudijanto Tanoesoedibjo
4. Irman Gusman *)
5. Sutanto *)
BOARD OF DIRECTORS
1. Hary Tanoesoedibjo
2. Charlie Kasim
3. Diana Airin
4. Ella Kartika
5. Faisal Dharma Setiawan
6. Gwenarty Setiadi
7. Kanti Mirdiati Imansyah
AUDIT COMMITTEE
1. Sutanto
2. Hery Kusnanto
3. John Aristianto Prasetio
4. Mohamed Idwan Ganie

1. PT Global Mediacom Tbk.
2. PT Global Mediacom Tbk.
3. Public (<5%)
7,764,623,165 :
790,000,000 :
5,721,465,335 :
Bonus
Cash
Year
2007
2009
2009
2010
2011
2012
2013
2013
2014
Shares
Dividend
5.00
5.00
7.00
15.00
35.00
55.00
25.00
35.00
63.00
Cum Date
01-Dec-08
02-Oct-09
29-Nov-10
29-Nov-11
22-Jun-12
06-Sep-13
24-Dec-13
14-Oct-14
27-May-15
Recording
Date
04-Dec-08
07-Oct-09
02-Dec-10
02-Dec-11
27-Jun-12
11-Sep-13
02-Jan-14
17-Oct-14
01-Jun-15
Ex Date
02-Dec-08
05-Oct-09
30-Nov-10
30-Nov-11
25-Jun-12
09-Sep-13
27-Dec-13
15-Oct-14
28-May-15
54.39%
5.53%
40.08%
Payment
Date
19-Dec-08
21-Oct-09
17-Dec-10
16-Dec-11
11-Jul-12
25-Sep-13
16-Jan-14
31-Oct-14
17-Jun-15
F
I
F
F
F
F
I
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
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
ESOP/MSOP Conversion III, IV & V

ESOP/MSOP Conversion III, IV, V & VI
Revision ESOP/MSOP III, IV, V & VI
ESOP/MSOP Conversion V & VI
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
176,625,500
T:
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
28-May-14
:
:
:
:
:
:
:
:
:
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
19-Nov-14
CORPORATE SECRETARY
I Made Ray Karuna Wijaya
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
: ray.wijaya@mncgroup.com
107

Closing
Price*
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-11
Jan-12
Jan-13
Jan-14
Jan-15

315%
270%
225%
180%
135%
119.9%
95.8%
90%
45%
28.8%
-45%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
7,200
7,361
347
247
7,529
15,067
406
246
6,802
18,835
435
244
3,081
8,020
567
242
2,505
6,558
455
142
Price (Rupiah)
High
Low
Close
Close*
1,400
770
1,310
1,310
2,875
1,270
2,500
2,500
3,675
2,275
2,625
2,625
3,230
2,180
2,540
2,540
3,160
1,815
2,045
2,045
19.59
19.08
4.78
26.86
15.42
4.78
19.58
22.13
4.14
20.96
16.33
3.15
15.73
PER (X)
16.89
PER Industry (X)
2.65
PBV (X)
108
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Media Nusantara Citra Tbk. [S]
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
950
1,120
1,100
970
970
980
1,120
1,110
1,160
1,100
1,150
1,400
Low
770
840
890
770
840
880
900
850
930
950
1,060
1,130
Close
890
1,100
940
880
970
920
1,070
990
1,020
1,100
1,130
1,310
(X)
11,100
31,933
26,436
35,111
27,488
31,276
49,015
31,528
25,754
22,245
16,678
38,694
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
2,650
2,535
2,850
2,940
2,830
2,900
2,800
2,980
3,230
3,200
2,820
2,555
2,180
2,200
2,470
2,600
2,585
2,605
2,550
2,640
2,650
2,690
2,265
2,180
2,235
2,535
2,630
2,715
2,830
2,760
2,615
2,805
3,195
2,800
2,405
2,540
58,448
46,230
49,623
44,177
32,371
30,902
41,980
40,202
41,293
56,669
64,961
60,432
341,933
333,935
301,730
294,985
190,004
153,671
222,941
189,092
189,308
171,058
382,816
309,297
821,125
789,549
791,129
809,448
514,792
427,351
590,045
537,696
558,581
499,114
934,593
746,815
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
2,905
3,150
3,160
2,880
2,345
2,180
2,125
2,460
2,800
2,725
2,200
2,050
1,815
1,830
2,860
3,150
2,865
2,205
2,060
1,940
2,045
58,171
88,106
75,423
65,901
65,110
58,576
43,492
413,394
421,290
367,509
462,054
320,034
275,467
245,312
1,160,725
1,283,964
1,087,081
1,284,744
708,945
547,239
484,833
21
19
22
21
19
21
19

348,111
304,762
705,128
730,773
399,894
402,126
453,877
396,511
543,312
480,557
412,478
383,978
691,090
701,813
376,359
375,778
289,015
304,520
296,723
314,146
1,624,613 1,665,479
1,034,546 1,325,977
21
18
23
20
21
20
21
19
20
21
22
21

Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
837,230
528,415
574,761
1,132,001
656,975
3,077,694
Assets
Receivables
2,558,400
2,615,430
3,062,803
3,215,473
Inventories
894,311
1,139,486
1,332,726
1,634,832
1,637,265
6,018,612
6,766,799
6,811,828
8,670,175
8,131,649
971,773
985,995
1,542,677
2,659,203
3,543,618
56,382
530,609
183,704
Current Assets
Fixed Assets
Other Assets
Total Assets
119,761
38,494
8,798,230
8,960,942
1.85%
7.30%
1,227,364
1,250,225
1,606,491
736,363
413,555
265,215
1,963,727
1,663,780
1,871,706
4,215,820
4,764,420
-15.27%
12.50%
125.24%
13.01%
Growth (%)
Current Liabilities
Total Liabilities
9,615,280 13,609,033 14,024,148
Growth (%)
41.54%
Liabilities
15,000
12,000
9,000
6,000
3.05%
3,000
892,276
1,112,259
3,323,544
3,652,161
2011
2012
2013
2014
Jun-15

Authorized Capital
4,000,000
4,000,000
4,000,000
4,000,000
4,000,000
Paid up Capital
4,000,000
1,395,613
1,409,946
1,427,609
1,427,609
40,000
13,956
14,099
14,276
14,276
100
100
100
100
100

Par Value
Retained Earnings
2,345,128
3,511,354
4,085,903
5,354,711
5,151,705
Total Equity
6,834,503
7,297,162
7,743,574
9,393,213
9,259,728
6.77%
6.12%
21.30%
-1.42%
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
5,390,474
6,265,260
6,522,347
6,665,978
3,331,415
16.23%
4.10%
2.20%
Growth (%)
9,260
7,477
6,835
7,297
2014
Jun-15
7,744
5,561
3,645
1,728
-188
2011
Cost of Revenues
2,617,157
2,856,657
2,850,657
2,813,381
1,385,453
Gross Profit
2,773,317
3,408,603
2,850,657
3,852,597
1,945,962
Expenses (Income)
1,262,793
1,147,895
1,278,161
1,308,818
853,380
Operating Profit
9,393
9,393
2013

6,265
6,666
Growth (%)
2012
6,522
6,666
5,390
5,306

Income before Tax
Tax
1,510,524
2,260,708
2,393,529
2,543,779
1,092,582
385,353
497,689
583,687
660,347
324,894
1,125,171
1,763,019
1,809,842
1,883,432
767,688
56.69%
2.66%
4.07%
Growth (%)
3,331
3,946
2,586
1,227
Period Attributable
1,070,203
1,657,087
1,691,172
1,761,994
696,382
1,153,383
1,781,284
1,791,090
1,850,941
765,903
1,098,415
1,675,352
1,672,420
1,729,503
694,597
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
490.37
541.25
424.02
971.69
731.09
35.00
55.00
60.00
63.00
EPS (Rp)
26.76
118.74
119.95
123.42
48.78
BV (Rp)
170.86
522.86
549.21
657.97
648.62
DAR (X)
0.22
0.19
0.19
0.31
0.34
DER(X)
RATIOS
Current Ratio (%)
Dividend (Rp)
0.29
0.23
0.24
0.45
0.51
ROA (%)
12.79
19.67
18.82
13.84
5.47
ROE (%)
16.46
24.16
23.37
20.05
8.29
GPM (%)
51.45
54.40
43.71
57.79
58.41
OPM (%)
NPM (%)
20.87
28.14
27.75
28.25
23.04
130.82
46.32
50.02
51.04
2.67
2.20
2.29
2.48
Payout Ratio (%)

Yield (%)
-133
2011
2012
2013
2014
Jun-15

1,763
1,810
1,883
1,499
1,125
1,115
768
731
347
-38
2011
2012
2013
2014
Jun-15
109
COMPANY REPORT
MPPA
MATAHARI PUTRA PRIMA TBK.
Company Profile
PTMatahariPutraPrimaTbk.wasestablishedonMarch11th,1986.TheCompanyoperates
achainofstoreswhichsellsuchitemsasdailyneeds.
The Company is domiciled at Menara Matahari 20th Floor, Boulevard Palem Raya No. 7,
LippoKarawaciTangerang,Banten.TheCompanystartedcommercialoperationsin1986.
TheCompanyhasaSubsidiary,PTMatahariSuperEkonomiwhichstarteditscommercial
operationin1994andengagedinretail,withownershipof99.2%.TheCompanyoperates
Hypermart, Foodmart and Boston Health& Beauty stores in 267 locations in Jakarta and
other cities in Indonesia. The Immediate Parent Company is PT Multipolar Tbk., which is
theCompanysmajorshareholder.TheUltimateParentoftheCompanyisLaniusLimited.
TheCompanyhasapproximately13,757employeesasatJune30th,2015.
August 2015
Disclaimer:
110
MPPA Matahari Putra Prima Tbk. [S]
As of 31 July 2015
Main Board
Industry Sub Sector : Retail Trade (93)
Individual Index
:
Listed Shares
:
1,219.256
5,377,962,800
15,596,092,120,000
57 | 15.6T | 0.31% | 76.83%

13 | 23.7T | 1.61% | 40.02%
COMPANY HISTORY
Established Date
: 11-Mar-1986
Listing Date
: 21-Dec-1992
Under Writer IPO :
PT Jardine Fleming Nusantara
PT Lippo Securities
Phone : (021) 527-7966
Fax
: (021) 527-7967
1. John Bellis
2. Chua Siang Hwee, Jeffrey *)
3. Johanes Jany
4. John Riady
5. Niel Nielson *)
6. Theo L. Sambuaga
7. William Travis Saucer *)
BOARD OF DIRECTORS
1. Bunjamin J. Mailool
2. Carmelito Jimenez Regalado
3. Ishak Kurniawan
4. Lina Haryanti Latif
5. Noel Trinder
AUDIT COMMITTEE
1. Travis Saucer
2. Ganesh Chander Grover
3. Utomo Santoso
CORPORATE SECRETARY
Danny Kojongian
HEAD OFFICE
Menara Matahari 17th Fl.
Jln. Boulevard Palem Raya 7,
Lippo Karawaci 1200, Tangerang 15811

1. DBS Bank Ltd. S/A PT Multipolar Tbk.
2. DBS Bank Ltd. Sa Prime Star Inv.
3. PT Multipolar Tbk
4. Public (<5%)
2,701,386,000
1,402,947,000
5,108
1,273,624,692
Bonus
Cash
Year
1993
1994
1995
1996
1999
2000
2001
2002
2003
2005
2005
2006
2007
2009
2010
2010
2011
2012
2013
2014
Shares
1:2
Dividend
100.00
35.00
50.00
15.00
16.50
31.00
11.00
12.00
13.00
14.00
25.00
10.40
11.50
16.10
180.00
300.00
6.00
186.00
186.00
36.00
Cum Date
06-Jun-94
27-Jun-95
05-Jul-96
11-Jul-97
28-Jul-00
18-Jun-01
19-Apr-02
10-Jun-03
14-Jun-04
14-Jun-05
25-Apr-06
22-May-07
15-Apr-08
07-Jun-10
23-Dec-10
07-Mar-11
30-Apr-12
15-May-13
05-May-14
21-May-15
Ex Date
07-Jun-94
28-Jun-95
08-Jul-96
14-Jul-97
31-Jul-00
19-Jun-01
22-Apr-02
11-Jun-03
15-Jun-04
15-Jun-05
26-Apr-06
23-May-07
16-Apr-08
08-Jun-10
27-Dec-10
08-Mar-11
01-May-12
16-May-13
06-May-14
22-May-15
Recording
Date
14-Jun-94
06-Jul-95
16-Jul-96
23-Jul-97
08-Aug-00
22-Jun-01
25-Apr-02
13-Jun-03
17-Jun-04
17-Jun-05
28-Apr-06
25-May-07
18-Apr-08
10-Jun-10
29-Dec-10
10-Mar-11
03-May-12
20-May-13
08-May-14
26-May-15
:
:
:
:
50.23%
26.09%
0.00%
23.68%
Payment
Date
14-Jul-94
04-Aug-95
14-Aug-96
21-Aug-97
23-Aug-00
06-Jul-01
08-May-02
27-Jun-03
01-Jul-04
01-Jul-05
12-May-06
08-Jun-07
05-May-08
23-Jun-10
10-Jan-11
22-Mar-11
16-May-12
29-May-13
19-May-14
17-Jun-15
F
F
F
F
F
F
F
F
F
F
I
I
F
I
F
F
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
Type of Listing
First Issue
Company Listing
CB Conversion
Bonus Shares
Right Issue
Stock Split
Warrant
Delisted Treasury Stock
Shares
8,700,000
33,366,320
8,051,274 T:
100,215,406
4,110,590,000 T:
450,999,000
864,624,800 T:
-198,584,000
Listing
Date
21-Dec-92
21-Dec-92
19-Jul-93 :
15-Jul-94
30-Jun-95 :
15-Sep-97
24-Sep-09 :
23-Jul-13
Trading
Date
21-Dec-92
21-Dec-92
17-Oct-94
15-Jul-94
16-Feb-07
15-Sep-97
15-Jul-10
23-Jul-13
Phone : (021) 547-5478

Fax
: (021) 547-5229, 547-5673
Homepage
Email
F/I
: www.hypermart.co.id
: danny.kojongian@hypermart.co.id
111

Closing
Price*
Volume
(Mill. Sh)
4,600
640
4,025
560
3,450
480
2,875
400
2,300
320
1,725
240
1,150
160
575
80
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

210%
175%
140%
105%
95.8%
93.3%
70%
35%
28.8%
-35%
-70%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
724
1,004
89
247
787
969
65
245
7,158
14,783
140
244
9,789
27,106
282
242
3,078
11,637
328
142
Price (Rupiah)
High
Low
Close
Close*
1,850
840
920
920
1,630
840
1,150
1,150
3,150
1,080
1,940
1,940
3,665
1,720
3,050
3,050
4,500
2,700
2,900
2,900
26.89
19.08
1.67
23.45
15.42
3.17
34.76
22.13
6.19
44.43
16.33
5.56
42.65
PER (X)
16.89
PER Industry (X)
0.90
PBV (X)
112
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Matahari Putra Prima Tbk. [S]
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
1,820
1,770
1,850
1,450
1,400
1,430
1,310
1,330
1,180
1,010
990
960
Low
1,470
1,440
1,390
1,390
1,330
1,210
1,180
1,050
840
860
900
900
Close
1,680
1,760
1,430
1,390
1,340
1,210
1,220
1,170
940
990
940
920
(X)
13,526
10,101
17,149
4,357
3,753
6,246
8,715
9,192
4,798
6,194
3,654
1,565
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
960
970
950
940
970
960
1,120
1,330
1,630
1,600
1,600
1,330
910
910
840
870
850
890
960
910
1,280
1,460
950
1,040
920
930
880
940
940
960
1,020
1,290
1,500
1,510
1,330
1,150
1,374
4,901
4,960
1,563
2,035
2,133
3,982
11,930
11,229
5,137
9,938
5,601
20,571
30,362
33,299
15,097
29,919
54,947
31,578
182,567
142,859
79,736
109,812
56,270
19,147
28,385
30,280
13,696
27,779
50,794
33,311
209,632
210,894
122,065
155,895
66,849
21
21
21
20
21
21
22
19
20
22
19
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
1,330
1,900
1,950
2,025
2,525
3,150
3,000
2,525
2,225
2,475
2,475
2,050
1,080
1,230
1,690
1,600
1,760
2,225
1,980
1,800
1,800
2,025
1,970
1,840
1,220
1,780
1,820
1,990
2,425
2,925
2,425
2,150
2,050
2,400
1,990
1,940
8,016
17,145
6,263
9,290
14,479
19,045
19,628
8,660
10,914
8,799
7,279
10,218
95,364
2,238,349
1,201,762
162,030
632,628
356,820
441,101
278,973
291,423
543,862
423,849
491,440
113,111
4,178,771
2,384,897
296,089
1,325,297
967,543
1,123,951
633,042
591,414
1,256,005
959,690
952,824
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
2,020
2,225
2,755
3,025
3,100
3,385
3,500
3,145
3,500
3,345
3,375
3,665
1,720
2,000
2,100
2,450
2,465
2,850
2,675
2,650
3,005
2,650
2,980
3,050
2,005
2,165
2,685
2,770
3,100
3,125
2,945
3,080
3,150
3,145
3,265
3,050
15,355
13,543
22,424
21,586
19,245
15,931
19,715
25,031
24,841
39,355
35,027
30,107
1,067,464
953,123
1,005,504
637,742
822,381
770,793
698,384
675,132
1,183,344
1,012,928
505,329
457,043
2,017,903
2,018,158
2,388,968
1,782,415
2,317,655
2,451,819
2,093,143
2,008,343
3,816,651
3,059,473
1,603,980
1,547,231
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
3,985
4,500
4,500
4,190
4,120
3,750
3,135
2,825
3,560
3,875
3,620
3,650
2,950
2,700
3,800
4,180
3,960
3,960
3,650
2,950
2,900
52,197
42,901
65,140
48,681
30,880
41,366
46,401
965,027
733,820
960,099
152,376
68,604
97,328
100,334
3,152,305
3,000,209
4,008,062
590,738
266,983
323,499
295,593
21
19
22
21
19
21
19

128,336
211,742
152,560
93,453
129,087
205,461
24,982
35,520
21,780
29,822
34,273
45,737
65,314
80,412
106,151
86,622
41,748
43,638
48,107
45,145
39,314
36,938
11,264
10,427
21
18
23
20
21
20
21
19
20
21
22
21

Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
1,403,075
1,361,736
1,302,610
747,710
280,444
Assets
Receivables
257,596
43,338
414,042
383,264
540,013
Inventories
1,266,120
1,670,574
2,273,548
2,655,023
3,628,752
Current Assets
3,618,563
5,084,740
4,167,989
3,904,064
4,578,732
Fixed Assets
1,643,505
775,125
1,086,757
1,272,601
1,372,797
Other Assets
Total Assets
9,000
6,750
310,902
126,162
183,642
175,619
169,075
10,308,169
8,225,206
6,579,518
5,827,294
6,681,358
-20.21%
-20.01%
-11.43%
14.66%
2,250
-
Growth (%)
Current Liabilities
2,960,433
2,715,926
3,037,430
2,749,630
3,604,132
1,664,288
1,663,526
247,118
228,978
273,548
Total Liabilities
4,624,721
4,379,452
3,284,548
2,978,608
3,877,680
-5.30%
-25.00%
-9.31%
30.18%
Growth (%)
Liabilities
11,250
4,500
2011
2012
2013
2014
Jun-15

Authorized Capital
5,400,000
540,000
540,000
540,000
540,000
Paid up Capital
2,788,273
278,827
268,898
268,898
268,898
5,577
5,577
5,378
5,378
5,378
500
50
50
50
50
Retained Earnings
2,642,389
2,831,270
2,251,464
1,805,180
1,787,070
Total Equity
5,683,448
3,845,754
3,294,970
2,848,686
2,803,678
-32.33%
-14.32%
-13.54%
-1.58%
Dec-12
Dec-13
Dec-14
Jun-15
8,908,611 10,868,164 11,912,763 13,590,405
6,854,742

Par Value
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
22.00%
Growth (%)
9.61%
14.08%
3,295
3,365
7,351,010
8,970,603 10,023,943 11,235,948
5,651,000
1,557,601
1,897,561
1,888,820
2,354,457
1,203,742
Expenses (Income)
1,393,229
1,555,054
1,300,345
1,642,796
983,420
342,507
588,475
711,661
220,322
71.81%
20.93%
Income before Tax

Tax
2012
2014
Jun-15
13,590
10,868
-44,418
-3,454
19,177
2,652
298,089
585,021
730,838
222,974
44,073
58,611
140,116
176,821
47,477
120,299
239,478
444,905
554,017
175,497
99.07%
85.78%
24.52%
2013

13,590
164,372
Growth (%)
2,804
1,046
10,818
2,849
2,205
2011
Gross Profit
Growth (%)
3,846
4,524
-114
Cost of Revenues
Operating Profit
5,683
5,683
11,913
8,909
6,855
8,046
5,273
2,501
Period Attributable
105,037
220,547
444,905
554,017
175,497
120,301
238,448
444,905
554,017
175,497
105,039
219,517
444,905
554,017
175,497
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
122.23
187.22
137.22
141.99
127.04
6.00
186.00
186.00
36.00
Current Ratio (%)

Dividend (Rp)
18.84
39.55
82.73
103.02
32.63
BV (Rp)
1,019.17
689.63
612.68
529.70
521.33
DAR (X)
0.45
0.53
0.50
0.51
0.58
DER(X)
0.81
1.14
1.00
1.05
1.38
ROA (%)
1.17
2.91
6.76
9.51
2.63
ROE (%)
2.12
6.23
13.50
19.45
6.26
GPM (%)
17.48
17.46
15.86
17.32
17.56
OPM (%)
3.15
4.94
5.24
3.21
NPM (%)
1.35
2.20
3.73
4.08
2.56
31.85
470.30
224.83
34.95
0.65
16.17
9.59
1.18
EPS (Rp)
Payout Ratio (%)

Yield (%)
-272
2011
2012
2013
2014
Jun-15

554
554
445
441
328
239
175
215
120
102
-11
2011
2012
2013
2014
Jun-15
113
COMPANY REPORT
PGAS
PERUSAHAAN GAS NEGARA
(PERSERO) TBK.
Company Profile
PTPerusahaanGasNegara(Persero)Tbk.wasestablishedin1859.OnMay13th,1965,theCompany
wasstatedasstateownedenterpriseandknownasPerusahaanNegaraGas(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:PTPGASTelekomunikasiNusantara,PTPGASSolution,
PT Saka Energi Indonesia, PT Gagas Energi Indonesia, PT PGN LNG Indonesia, PT Permata Graha
Nusantara.AsofJune30th,2015,theCompanyandSubsidiarieshadatotalof2,270employees.
August 2015
Disclaimer:
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
114
PGAS Perusahaan Gas Negara (Persero) Tbk. [S]
As of 31 July 2015
Main Board
Industry Sub Sector : Energy (71)
Individual Index
:
Listed Shares
:
1,333.333
24,241,508,196
96,966,032,784,000
8 | 97.0T | 1.95% | 42.68%

7 | 34.8T | 2.36% | 29.10%
COMPANY HISTORY
Established Date
: 01-Feb-1905
Listing Date
: 15-Dec-2003
Under Writer IPO :
PT ABN AMRO Asia Securities Indonesia
PT Datindo Entrycom
Phone : (021) 570-9009
Fax
: (021) 570-9026
1. Iman Sugema *)
2. IGN Wiratmaja Puja
3. M. Ikhsan
4. M. Zamkhani
5. Paiman Rahardjo *)
6. Tirta Hidayat
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. Paiman Rahardjo
2. Achmad Surya Abadi
3. Kurnia Sari Dewi
4. Mohamad Slamet Wibowo
5. Yovita Lasti Handini

2. Public (<5%)
13,809,038,756 :
10,432,469,440 :
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
Government Project Fund 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
115

Closing
Price*
TRADING ACTIVITIES
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-11
Jan-12
Jan-13
Jan-14
Jan-15

60%
45%
30%
28.8%
23.0%
15%
-10.6%
-15%
-30%
-45%
-60%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
11,496
39,942
489
247
7,191
27,787
319
246
7,074
37,444
505
244
5,365
29,084
712
242
4,832
23,062
631
142
4,500
2,025
3,175
3,175
4,800
3,050
4,600
4,600
6,450
4,375
4,475
4,475
6,225
4,120
6,000
6,000
6,050
3,855
4,000
4,000
12.61
17.53
4.90
10.27
12.11
3.24
15.09
20.04
4.24
297.05
10.01
2.48
Price (Rupiah)
High
Low
Close
Close*
12.49
PER (X)
11.09
PER Industry (X)
4.48
PBV (X)
116
Closing Price
Freq.
Volume
Value
Day

Perusahaan Gas Negara (Persero) Tbk. [S]
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
4,500
4,300
3,900
4,050
4,250
4,075
4,125
4,000
2,975
3,100
3,175
3,250
Low
3,875
3,475
3,500
3,775
3,900
3,900
3,850
2,925
2,025
2,400
2,850
3,000
Close
4,225
3,550
3,900
4,000
4,050
4,025
3,975
2,950
2,675
2,950
3,075
3,175
(X)
26,664
45,031
56,620
27,808
26,581
18,063
28,033
88,001
71,256
51,740
29,870
19,074
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
4,780
5,075
5,350
5,575
5,800
5,575
6,125
6,100
6,100
6,075
6,225
6,075
4,120
4,660
4,850
5,100
5,250
5,200
5,400
5,700
5,825
5,600
5,825
5,775
4,770 106,143
4,900
61,662
5,125
73,931
5,325
62,511
5,425
39,910
5,575
46,024
5,900
53,554
5,800
53,579
6,000
55,429
5,950
58,653
5,950
44,381
6,000
56,406
731,381
432,426
547,714
494,101
403,160
388,534
391,901
296,364
355,364
516,524
382,941
424,716
3,299,365
2,115,770
2,773,081
2,620,377
2,219,449
2,098,889
2,259,475
1,739,898
2,126,646
3,001,773
2,307,438
2,521,726
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
6,050
5,500
5,400
4,890
4,360
4,390
4,350
4,995
5,050
4,600
4,100
3,855
4,155
3,900
5,050
92,906
66,654
5,200
4,800
96,871
4,100 121,106
4,295 106,169
4,315
82,956
4,000
63,869
887,651
624,549
782,389
952,937
768,554
429,183
386,941
4,816,967
3,312,449
3,975,099
4,338,820
3,183,949
1,834,395
1,600,087
21
19
22
21
19
21
19

743,884 3,107,955
838,222 3,214,807
1,354,368 5,004,188
760,375 3,001,507
918,787 3,766,922
461,564 1,843,643
677,815 2,688,936
1,991,726 6,642,358
1,410,779 3,769,027
1,088,971 3,038,698
716,594 2,175,410
532,789 1,688,283
21
18
23
20
21
20
21
19
20
21
22
21

Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
Assets
10,356,369 15,157,322 16,200,470 15,122,533 10,039,389
Receivables
2,043,553
2,550,177
3,875,102
5,125,490
4,218,132
Inventories
11,836
23,644
179,329
812,909
579,899
Current Assets
13,656,295 19,183,520 21,847,077 23,141,099 17,624,719
Fixed Assets
15,866,650 16,378,657 22,542,829 30,904,599 25,648,421
Other Assets
Total Assets
38,309
22.00%
Growth (%)
Current Liabilities
21,425
50,620
97,582
86,967
30,976,446 37,791,930 53,536,157 77,295,913 76,890,546
2,483,317
41.66%
52,500
35,000
-0.52%
17,500
4,571,487 10,868,753 13,562,910
7,698,638
11,308,417 10,449,604
Total Liabilities
13,791,734 15,021,091 20,073,088 40,447,177 39,051,680
8.91%
Growth (%)
70,000
44.38%
9,204,335 26,884,267 31,353,042
33.63%
101.50%
-3.45%
Liabilities
87,500
2011
2012
2013
2014
Jun-15

Authorized Capital
7,000,000
7,000,000 12,024,600
7,000,000
7,000,000
Paid up Capital
2,424,151
2,424,151
4,164,206
2,424,151
2,424,151
24,242
24,242
24,242
24,242
24,242
100
100
172
100
100

Par Value
Retained Earnings
12,257,199 16,847,739 25,725,467 28,819,214 30,056,834
Total Equity
17,184,712 22,770,838 33,463,069 36,848,736 37,838,866
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
Gross Profit
46.96%
10.12%
2.69%
Dec-12
Dec-13
Dec-14
Jun-15
37,839
2014
Jun-15
30,120
22,771
22,401
17,185
14,681
6,962
19,567,407 24,914,688 36,828,609 42,389,226 18,876,518
27.33%
Growth (%)
Cost of Revenues
32.51%
36,849
33,463
37,839
47.82%
15.10%
-757
2011
2012
2013
7,793,751 10,676,664 19,429,817 24,172,867 12,492,939

11,773,656 14,238,024 17,398,792 18,216,359
6,383,579
Expenses (Income)
4,051,278
4,389,290
6,003,474
2,518,854
Operating Profit
7,722,378
9,848,734 11,456,318 12,212,885
3,864,724
5,942,474
27.53%
16.32%
6.60%
1,255,405
2,348,434
-40,958
-71,319
Income before Tax
7,654,189 11,104,139 13,804,752 12,171,927
3,793,406
Tax
1,535,979
2,253,611
2,836,789
2,873,884
764,790
6,118,210
8,850,528 10,967,963
9,298,043
3,028,616
Growth (%)

42,389
36,829
33,742
-68,189
44.66%
Growth (%)
23.92%
24,915
25,094
19,567
18,877
16,447
-15.23%
7,800
Period Attributable
5,933,063
8,614,862 10,558,743
8,988,170
3,030,845
6,163,463
8,843,202 10,898,403
9,305,661
3,126,232
5,964,373
8,603,365 10,481,609
9,001,479
3,126,637
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
Current Ratio (%)
549.92
419.63
201.01
170.62
228.93
Dividend (Rp)
134.62
202.77
210.40
EPS (Rp)
244.75
355.38
435.56
370.78
125.03
BV (Rp)
708.90
939.33
1,380.40
1,520.07
1,560.91
DAR (X)
0.45
0.40
0.37
0.52
0.51
DER(X)
0.80
0.66
0.60
1.10
1.03
ROA (%)
19.75
23.42
20.49
12.03
3.94
ROE (%)
35.60
38.87
32.78
25.23
8.00
GPM (%)
60.17
57.15
47.24
42.97
33.82
OPM (%)
39.47
39.53
31.11
28.81
20.47
NPM (%)
31.27
35.52
29.78
21.93
16.04
Payout Ratio (%)
55.00
57.06
48.31
4.24
4.41
4.70
RATIOS
Yield (%)
-848
2011
2012
2013
2014
Jun-15

10,968
10,968
9,298
8,851
8,730
6,118
6,493
3,029
4,256
2,018
-219
2011
2012
2013
2014
Jun-15
117
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. The
representative office located at Menara Kadin Indonesia 15th Floor, Jln. H.R. Rasuna Said
BlokX5Kav.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
servicesrelatedtothecoalminingindustryaswellasitsderivativeproducts.
Thecompanyhasdirectownershipinsubsidiaries:
PTBatubaraBukitKendi,
PTBukitAsamPrima,
PTInternationalPrimaCoal,
PTBukitAsamMetanaOmbilin,
PTBukitAsamMetanaEnim,
PTBukitAsamMetanaPeranap,and
PTBukitAsamBanko.
TheCompanyhasanownershipinterestinthefollowingjointventureentities:
PT Bukit Pembangkit Innovative, Tanjung Enim Sumatera Selatan, Independent
power,
PTBukitAsamTranspacificRailway,Jakarta,Coaltransportationservices,
PTHuadianBukitAsamPower,TanjungEnim,SumateraSelatan,Independent
powerproducer.
AsofJune30th,2015,theCompanyhadatotalof2,803permanentemployees.
August 2015
Disclaimer:
118
PTBA Tambang Batubara Bukit Asam (Persero) Tbk. [S]
As of 31 July 2015
Main Board
Individual Index
:
Listed Shares
:
1,043.478
2,304,131,850
13,824,791,100,000
63 | 13.8T | 0.28% | 78.57%

57 | 7.06T | 0.48% | 78.46%
COMPANY HISTORY
Established Date
: 02-Mar-1981
Listing Date
: 23-Dec-2002
Under Writer IPO :
PT Datindo Entrycom
Phone : (021) 570-9009
Fax
: (021) 570-9026
1. Agus Suhartono *)
2. Leonard
3. Muhammad Said Didu
4. Robert Heri
5. S. Koenaryo *)
6. Seger Budiarjo
BOARD OF DIRECTORS
1. Milawarma
2. Achmad Sudarto
3. Anung Dri Prasetya
4. Heri Supriyanto
5. M. Jamil
6. Maizal Gazali
AUDIT COMMITTEE
1. S. Koenaryo
2. Ai Supardini
3. Nuhindro Priagung Widodo
4. Seger Budiarjo

2. PT Tambang Batu Bara Bukit Asam (Persero) Tbk.
3. Public (<5%)
Bonus
Cash
Year
2002
2003
2004
2005
2005
2006
2007
2009
2009
2010
2010
2011
2011
2012
2013
2014
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
324.57
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
07-Apr-15
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
08-Apr-15
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
10-Apr-15
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
30-Apr-15
F
F
I
F
I
F
I
F
I
F
I
F
F
F
I
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
119

Closing
Price*
TRADING ACTIVITIES
Volume
(Mill. Sh)
26,000
24.0
22,750
21.0
19,500
18.0
16,250
15.0
13,000
12.0
9,750
9.0
6,500
6.0
3,250
3.0
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

Mining Index
80%
60%
40%
28.8%
20%
-20%
-40%
-60%
-71.3%
-74.9%
-80%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
757
15,002
230
247
706
11,954
190
246
653
8,819
214
244
830
9,122
431
242
364
3,646
240
142
Price (Rupiah)
High
Low
Close
Close*
26,000
13,600
17,350
17,350
21,150
12,950
15,100
15,100
17,000
9,700
10,200
10,200
14,150
8,975
12,500
12,500
12,525
6,000
6,000
6,000
15.33
8.49
4.09
12.87
20.76
3.11
13.65
3.23
3.53
8.69
-10.63
1.57
12.95
PER (X)
16.17
PER Industry (X)
4.90
PBV (X)
120
Closing Price
Freq.
Volume
Value
Day

Tambang Batubara Bukit Asam (Persero)
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
26,000
20,700
21,550
22,800
22,450
21,500
21,650
21,500
19,950
18,800
18,500
17,750
Low
19,350
18,750
19,800
21,000
20,600
20,350
20,550
17,450
13,700
13,600
16,500
16,200
Close
19,750
20,050
21,000
22,300
21,250
20,800
21,300
19,050
16,800
18,350
17,000
17,350
(X)
31,410
22,423
22,536
13,575
13,591
14,856
16,518
19,027
20,250
27,223
15,147
13,830
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
10,600
9,750
9,650
10,375
11,900
11,550
11,700
13,900
14,150
13,625
13,575
13,650
8,975
9,100
9,125
9,275
9,650
10,250
10,350
11,450
12,600
11,100
11,875
12,200
9,250
9,575
9,325
9,875
10,700
10,725
11,650
13,350
13,200
12,950
13,150
12,500
44,679
32,839
31,705
37,927
38,397
33,290
27,074
44,905
42,360
42,019
24,797
30,786
108,649
63,663
71,519
93,241
110,174
72,603
46,806
84,949
51,496
46,227
40,529
39,684
1,027,710
597,991
681,021
911,383
1,171,293
794,402
522,367
1,111,304
687,303
578,241
519,174
519,559
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
12,525 10,100 11,375

11,725 10,350 10,675
11,250 10,150 10,750
11,175 9,350 9,350
10,925 9,100 9,825
9,950 8,250 8,400
8,475 6,000 6,000
41,254
36,099
36,562
27,080
32,764
30,956
35,339
60,844
55,708
57,946
36,037
50,187
42,212
60,945
690,666
616,697
619,774
394,197
507,612
390,524
426,944
21
19
22
21
19
21
19

102,110 2,225,262
76,819 1,522,754
96,718 1,994,258
49,553 1,098,839
51,249 1,098,047
61,338 1,277,009
56,206 1,189,290
64,261 1,240,174
43,682
752,747
76,241 1,238,794
40,315
711,620
38,098
653,219
21
18
23
20
21
20
21
19
20
21
22
21

Book End : December
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
6,791,291
5,917,034
3,343,905
4,039,267
3,832,544
Receivables
1,180,195
1,545,556
1,427,572
1,439,401
1,492,842
Inventories
64,483
765,964
901,952
1,033,360
1,069,039
Current Assets
8,859,260
8,718,297
6,479,783
7,416,805
7,314,789
Fixed Assets
1,140,466
1,853,447
2,803,393
3,987,565
4,185,710
50,949
97,886
119,746
119,719
344,691
BALANCE SHEET
Other Assets
Total Assets
Assets
11,507,104 12,728,981 11,677,155 14,812,023 15,229,859
Growth (%)
9,750
6,500
-8.26%
26.85%
2.82%
3,250
-
1,912,423
1,770,664
2,260,956
3,574,129
3,879,786
1,429,679
2,453,148
1,864,630
2,567,052
2,554,040
Total Liabilities
3,342,102
4,223,812
4,125,586
6,141,181
6,433,826
26.38%
-2.33%
48.86%
4.77%
Growth (%)
13,000
10.62%
Current Liabilities
Liabilities
16,250
2011
2012
2013
2014
Jun-15

Authorized Capital
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

Par Value
Retained Earnings
6,906,491
7,410,590
8,093,505
9,205,393
9,294,903
Total Equity
8,165,002
8,505,169
7,551,569
8,670,842
8,796,033
4.17%
-11.21%
14.82%
1.44%
Dec-12
Dec-13
Dec-14
Jun-15
10,581,570 11,594,057 11,209,219 13,077,962
6,511,553
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
Growth (%)
9.57%
-3.32%
16.67%
8,165
8,505
8,671
8,796
2014
Jun-15
7,552
7,002
5,207
3,413
1,618
-176
2011
Cost of Revenues
5,302,592
6,505,932
7,745,646
9,056,219
4,798,583
Gross Profit
5,278,978
5,088,125
3,463,573
4,021,743
1,712,970
Expenses (Income)
1,219,874
1,494,615
1,310,735
1,711,545
819,845
Operating Profit
4,059,104
3,593,510
2,152,838
2,310,198
893,125
-11.47%
-40.09%
7.31%
Growth (%)
8,796
2012
2013

13,078
13,078
10,582
11,594
11,209
10,410

Income before Tax
Tax
318,077
308,524
364,528
205,603
4,059,104
3,911,587
2,461,362
2,674,726
1,098,728
971,037
1,002,166
607,081
655,512
303,888
3,088,067
2,909,421
1,854,281
2,019,214
794,840
-5.79%
-36.27%
8.89%
Growth (%)
6,512
7,742
5,074
2,406
Period Attributable
3,085,836
2,900,113
1,826,144
2,016,171
795,167
3,085,862
2,269,074
2,351,350
2,123,653
830,848
3,083,631
2,259,766
2,323,213
2,120,610
831,175
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
463.25
492.37
286.59
207.51
188.54
RATIOS
Current Ratio (%)
803.94
720.75
461.97
324.57
EPS (Rp)
1,339.26
1,258.66
792.55
875.02
345.10
BV (Rp)
3,543.63
3,691.27
3,277.40
3,763.17
3,817.50
DAR (X)
0.29
0.33
0.35
0.41
0.42
DER(X)
Dividend (Rp)
0.41
0.50
0.55
0.71
0.73
ROA (%)
26.84
22.86
15.88
13.63
5.22
ROE (%)
37.82
34.21
24.55
23.29
9.04
GPM (%)
49.89
43.89
30.90
30.75
26.31
OPM (%)
38.36
30.99
19.21
17.66
13.72
NPM (%)
29.18
25.09
16.54
15.44
12.21
Payout Ratio (%)
60.03
57.26
58.29
37.09
4.63
4.77
4.53
2.60
Yield (%)
-262
2011
2012
2013
2014
Jun-15

3,088
2,909
2,458
1,854
2,019
1,828
1,198
795
568
-62
2011
2012
2013
2014
Jun-15
121
COMPANY REPORT
PTPP
PEMBANGUNAN PERUMAHAN
(PERSERO) TBK.
Company Profile
PTPembangunanPerumahan(Persero)Tbk.wasestablisheddatedAugust26th,1953.
The Company's goals and objectives are to take part in construction business industry,
fabrication industry, rental service, agency, investment, agro industry, engineering
procurement and constructions (EPC), trades, site area management, enhancement in
constructioncapabilityservices,informationtechnology,tourism,hotelsbusinessservice,
engineeringandplanningservice,developmentservicestoproducehighqualityandhighly
competitive goods and/or service, and to generate profit to add value to the entity by
applyinglimitedliabilitycompanyprinciples.
The current business activities of the Company are in construction services, real estate
(developer),propertiesandinvestmentininfrastructureandenergy.
ToincreasevaluetotheCompany,themanagementadoptsacorporatestrategiesonthe
basis of four business pillars: Construction, EPC (Energy, Oil & Gas), Investment and
Property. To achieve the goals, the Company adopted the Company's vision: "PT PP
(Persero)TbkVision".
The vision shall become strategic guide lines in facing future challenge, which is: "To
becomealeadingconstructionandinvestmentcompanywhichprovideshighaddedvalues
toallofitsstakeholders".TheCompany'snewvision:"ToBeaLeaderinConstrustionand
InvestmentCompanyinIndonesiawhichInternationallyCompetitive".
AsofJune30th,2015theCompanyhad1,690employees.
August 2015
Disclaimer:
122
PTPP PP (Persero) Tbk. [S]

Main Board
As of 31 July 2015
Individual Index
:
Listed Shares
:
697.321
4,842,436,500
18,909,714,532,500
44 | 18.9T | 0.38% | 72.36%

38 | 11.6T | 0.79% | 66.17%
COMPANY HISTORY
Established Date
: 26-Aug-1953
Listing Date
: 09-Feb-2010
Under Writer IPO :
PT DBS Vickers Securities Indonesia
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
1. Djoko Murjanto
2. Andi Gani Nena Wea *)
3. Aryanto Sutadi *)
4. Hediyanto W. Husaini
5. Muhammad Khoerur Roziqin
6. Sumardi

2. Public (<5%)
2,469,642,760 :
2,372,793,740 :
Bonus
Cash
Year
2009
2010
2011
2012
2013
2014
Shares
Dividend
10.11
14.57
14.88
19.19
26.06
21.97
Cum Date
09-Jul-10
07-Jul-11
07-Jun-12
22-May-13
21-Apr-14
28-May-15
Ex Date
12-Jul-10
08-Jul-11
08-Jun-12
23-May-13
22-Apr-14
29-May-15
Recording
Date
14-Jul-10
12-Jul-11
12-Jun-12
27-May-13
24-Apr-14
03-Jun-15
51.00%
49.00%
Payment
Date
28-Jul-10
15-Jul-11
15-Jun-12
10-Jun-13
07-May-14
18-Jun-15
F
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. Lukman Hidayat
6. Tumiyana
AUDIT COMMITTEE
1. Aryanto Sutadi
2. Handoko Tripriyono
3. Sularso
CORPORATE SECRETARY
Agus Samuel Kana
HEAD OFFICE
Plaza PP
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
123

Closing
Price*
Volume
(Mill. Sh)
4,200
240
3,675
210
3,150
180
2,625
150
2,100
120
1,575
90
1,050
60
525
30
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

455%
390%
388.1%
325%
260%
195%
147.2%
130%
65%
28.8%
-65%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
2,943
1,576
86
247
4,253
2,931
85
246
8,579
10,203
318
244
4,619
9,366
376
242
1,950
7,485
359
142
820
265
485
485
950
475
830
830
1,780
760
1,160
1,160
3,625
1,105
3,575
3,575
4,245
3,130
3,905
3,905
12.98
17.34
2.43
13.35
9.57
2.83
44.75
16.29
8.06
-370.39
17.42
156.01
Price (Rupiah)
High
Low
Close
Close*
9.78
PER (X)
11.09
PER Industry (X)
1.65
PBV (X)
124
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

PP (Persero) Tbk. [S]
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
820
640
710
740
710
680
680
640
485
355
340
530
Low
630
550
570
640
630
640
620
455
265
280
315
320
Close
630
580
710
700
680
670
640
455
330
345
315
485
(X)
6,962
4,470
7,237
4,861
2,708
1,043
2,870
10,000
22,104
7,489
2,000
14,591
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
1,370
1,465
1,850
1,960
1,990
1,900
2,420
2,505
2,535
2,650
3,070
3,625
1,105
1,295
1,385
1,630
1,780
1,710
1,795
2,200
2,100
2,135
2,545
3,060
1,350
1,405
1,830
1,845
1,910
1,850
2,260
2,465
2,150
2,630
3,060
3,575
18,040
25,148
30,450
34,058
24,955
17,958
42,486
33,365
34,176
39,143
33,238
43,018
347,504
496,128
618,599
562,369
332,727
257,943
462,899
266,229
272,040
400,368
263,067
339,061
443,365
694,477
1,026,256
1,009,244
625,382
464,091
998,247
641,406
638,895
945,914
753,555
1,125,226
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
3,925
4,245
4,070
4,100
4,215
4,030
4,190
3,475
3,850
3,645
3,600
3,800
3,130
3,440
3,915
4,060
3,795
3,925
4,020
3,470
3,905
56,124
50,094
60,287
50,080
40,119
52,156
50,075
403,485
269,943
350,386
355,458
176,464
194,400
199,427
1,503,473
1,079,418
1,344,045
1,380,910
711,806
691,295
774,366
21
19
22
21
19
21
19

240,500
172,143
187,951
109,693
356,739
221,654
237,350
166,047
106,685
70,249
62,668
39,098
255,058
147,697
234,732
122,068
427,552
188,543
310,223
102,824
53,301
17,721
218,008
470,020
21
18
23
20
21
20
21
19
20
21
22
21

Book End : December
Public Accountant : Soejatna, Mulyana & Rekan

Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
1,306,110
1,303,124
2,396,802
2,408,126
1,997,310
Receivables
1,284,675
1,633,937
2,187,005
3,135,044
3,952,207
Inventories
1,586,309
1,565,642
177,419
2,570,346
2,715,652
Investment
243,697
222,844
289,598
417,692
476,092
Fixed Assets
75,997
72,775
141,882
493,576
743,476
BALANCE SHEET
Other Assets
Total Assets
Assets
6,933,354
8,550,851 12,415,669 14,611,865 15,377,696
23.33%
Growth (%)
45.20%
9,750
6,500
5.24%
3,250
-
912,003
1,115,578
836,766
891,868
1,532,637
3,463,503
4,243,610
6,300,346
7,021,633
5,128,307
Total Liabilities
5,507,914
6,895,001 10,430,922 12,221,595 12,045,904
25.18%
51.28%
17.17%
-1.44%
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
484,244
484,244
484,244
484,244
484,244
4,842
4,842
4,842
4,842
4,842
100
100
100
100
100
479,030
709,439
1,037,220
1,442,959
1,497,724
1,425,440
1,655,849
1,984,747
2,390,270
3,331,791
16.16%
19.86%
20.43%
39.39%
Dec-12
Dec-13
Dec-14
Jun-15
8,003,873 11,655,844 12,427,371
5,221,447
Growth (%)
13,000
17.69%
Trade Payable
Bank Payable
Liabilities
16,250
2011
2012
2013
2014
Jun-15

Authorized Capital
Paid up Capital
Par Value
Retained Earnings
Total Equity
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
6,231,898
28.43%
Growth (%)
Cost of Revenues
5,526,136
45.63%
6.62%
7,149,367 10,382,923 10,894,711
2,390
2,652
1,985
1,972
1,425
1,656
1,293
613
-67
2011
2012
2013
2014
Jun-15
4,538,386
Gross Profit
785,922
854,505
1,272,922
1,532,660
683,061
Operating Expenses
130,981
143,681
199,537
275,958
185,417
Operating Profit
654,940
710,825
1,073,385
1,256,702
497,645
8.53%
51.01%
17.08%
-236,464
-165,433
-306,495
-337,257
-114,652
Income before Tax
418,476
545,392
766,890
919,445
382,993
Tax
178,253
235,709
346,170
387,380
172,138
240,223
309,683
420,720
532,065
210,855
28.91%
35.86%
26.47%
Growth (%)
3,332
3,332

11,656
12,427
12,427
9,892
Growth (%)
8,004
7,357
6,232
5,221
4,822
2,287
Period Attributable
240,223
309,683
420,708
531,951
160,778
240,223
309,683
420,720
532,065
200,456
240,223
309,683
420,708
531,951
150,378
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
Dividend (Rp)
14.88
19.19
26.06
21.97
EPS (Rp)
49.61
63.95
86.88
109.85
33.20
BV (Rp)
294.36
341.95
409.87
493.61
688.04
DAR (X)
0.79
0.81
0.84
0.84
0.78
DER(X)
3.86
4.16
5.26
5.11
3.62
ROA (%)
3.46
3.62
3.39
3.64
1.37
ROE (%)
16.85
18.70
21.20
22.26
6.33
GPM (%)
12.61
10.68
10.92
12.33
13.08
OPM (%)
10.51
8.88
9.21
10.11
9.53
NPM (%)
3.85
3.87
3.61
4.28
4.04
30.00
30.01
30.00
20.00
3.07
2.31
2.25
0.61
Payout Ratio (%)

Yield (%)
-249
2011
2012
2013
2014
Jun-15

532
532
421
424
310
315
240
211
206
98
-11
2011
2012
2013
2014
Jun-15
125
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) FiveStarhotelnamedasSheratonSurabayaHotelandTowers,
4) RealestatebusinessPakuwonCity
5) Real estate business Grand Pakuwon, which areallsituatedinSurabaya.
TheCompanyhasdirectandindirectownershipinsubsidiaries:
1) PTArtisanWahyu,
2) PTElitePrimaHutama,
3) PTPakuwonSentraWisata,
4) PTPakuwonRegency,
5) PTGramaPramesiSiddhi,
6) PakuwonPrimaPte.Ltd.Singapore,
7) ArtiusGrandisPte.Ltd.,
8) PTCentrumUtamaPrima
9) PTPakuwonPermai,
10) PTDwijayaManunggal,
11) PTPakuwonSentosaAbadi,
12) PTPermataBerlianRealty.
The company started commercial operations in May 1986. The Company and its
subsidiarieshastotalnumberofemployeesof2,695asofJune30th,2015.
August 2015
Disclaimer:
126
PWON Pakuwon Jati Tbk. [S]

Main Board
As of 31 July 2015
Individual Index
:
Listed Shares
:
1,599.907
48,159,602,400
19,986,234,996,000
41 | 20.0T | 0.40% | 71.20%

25 | 15.2T | 1.04% | 54.37%
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
Wisma Sirca
Phone : (021) 314-0032, 390-5920, 390-0645
Fax
: (021) 390-0671, 390-0652
1. Alexander Tedja
2. Agus Soesanto
3. Dyah Pradnyaparamita Duarsa *)
BOARD OF DIRECTORS
1. Richard Adisastra
2. A. Stefanus Ridwan S.
3. Eiffel Tedja
4. Irene Tedja
5. Minarto
6. Sutandi Purnomosidi
7. Wong Boon Siew Ivy

1. Burgami Investments Limited
2. Burgami Investments Limited
3. JPMBLSA Re:JPMIB - PT Pakuwon Ar
4. JPMBLSA Re:JPMIB - PT Pakuwon Ar
5. Concord Media Investment Ltd
6. Concord Media Investment Ltd
7. Raylight Investments Limited
8. Raylight Investments Limited
9. Public (<5%)
10,063,591,200
10,063,591,200
6,080,129,840
6,080,129,840
3,556,800,000
3,556,800,000
3,441,204,000
3,441,204,000
1,876,152,320
Bonus
Cash
Year
1990
1991
1991
1991
1992
1993
1994
1995
1996
2011
2012
2013
2014
Shares
Dividend
50.00
75.00
30.00
2:1
25.00
25.00
20.00
17.50
25.00
1.45
3.50
4.50
4.50
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
17-Jul-14
02-Jul-15
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
18-Jul-14
03-Jul-15
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
22-Jul-14
07-Jul-15
:
:
:
:
:
:
:
:
:
20.90%
20.90%
12.62%
12.62%
7.39%
7.39%
7.15%
7.15%
3.90%
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
12-Aug-14
29-Jul-15
F/I
F
F
F
F
F
F
F
F
F
F
F
ISSUED HISTORY
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
: minarto@pakuwon.com
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
127

Closing
Price*
Volume
(Mill. Sh)
560
4,000
490
3,500
420
3,000
350
2,500
280
2,000
210
1,500
140
1,000
70
500
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

210%
180%
150%
147.2%
120%
93.5%
90%
60%
30%
-30%
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
2,148
1,921
137
247
11,909
3,536
218
246
26,640
8,934
480
244
19,148
7,765
674
242
22,251
10,522
597
142
Price (Rupiah)
High
Low
Close
Close*
1,100
670
750
188
880
170
225
225
430
220
270
270
555
261
515
515
565
372
415
415
14.14
17.34
3.46
11.48
9.57
3.17
14.14
16.29
4.57
13.23
17.42
2.25
19.88
PER (X)
11.09
PER Industry (X)
3.17
PBV (X)
128
Freq.
Volume
Value
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
910
930
900
890
1,000
1,100
990
920
910
890
1,010
860
Low
840
830
830
850
850
900
890
800
740
700
810
670
Close
870
860
890
870
1,000
980
900
880
780
860
830
750
(X)
7,242
6,146
9,687
4,653
10,568
18,722
15,828
14,958
9,573
11,500
16,784
11,627
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
340
355
392
392
408
400
449
500
445
450
525
555
261
303
323
338
353
337
344
390
391
376
429
456
307
330
350
352
408
349
415
435
404
450
515
515
48,959
45,367
52,428
61,363
43,214
36,740
50,717
84,200
77,849
63,633
55,333
54,593
976,326
1,135,771
1,413,058
1,702,129
1,025,350
791,084
1,380,171
4,427,598
2,110,045
1,644,833
1,190,333
1,351,233
299,281
374,607
511,373
622,424
388,372
293,337
550,046
1,911,446
890,296
684,270
555,625
683,696
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
545
565
555
535
475
455
451
462
481
486
435
417
372
390
499 112,556
550
69,429
515
85,765
438
90,113
442
92,895
430
85,264
415
61,440
6,716,000
2,561,866
2,978,488
2,140,590
3,477,942
2,619,761
1,756,072
3,274,163
1,316,795
1,509,847
1,061,334
1,530,904
1,091,585
737,236
21
19
22
21
19
21
19

102,723
89,902
101,249
88,122
210,981
183,731
59,937
52,008
187,101
169,686
341,759
331,832
329,440
309,710
208,692
182,020
128,988
108,561
130,722
108,266
198,224
181,996
115,525
148,648
21
18
23
20
21
20
21
19
20
21
22
21
28.8%
Jan 11
Closing Price
Day
TRADING ACTIVITIES

Pakuwon Jati Tbk. [S]

Book End : December
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
621,021
1,315,146
2,126,206
2,809,034
2,643,830
Receivables
116,796
138,509
166,915
303,348
450,524
Inventories
3,121
1,262,136
1,051,081
1,671,766
1,919,528
Investment
2,033,472
216
268,531
20,971
21,545
Fixed Assets
1,659,292
844,548
673,096
964,375
1,152,107
11
20,725
3,209
BALANCE SHEET
Other Assets
Total Assets
Assets
14
11
5,744,711
7,565,820
Trade Payable
Total Liabilities
15,000
11,250
7,500
31.70%
22.90%
80.36%
9.32%
3,750
1,085,338
1,925,967
1,764,389
1,470,681
1,652,683
65,241
33,929
54,754
133,697
218,593
3,371,576
4,431,284
5,195,737
8,487,672
9,453,243
31.43%
17.25%
63.36%
11.38%
Growth (%)
Bank Payable
9,298,245 16,770,743 18,334,210
Growth (%)
Liabilities
18,750
2011
2012
2013
2014
Jun-15

Authorized Capital
3,000,000
3,000,000
3,000,000
3,000,000
3,000,000
Paid up Capital
1,203,990
1,203,990
1,203,990
1,203,990
1,203,990
12,040
48,160
48,160
48,160
48,160
100
25
25
25
25
667,748
1,345,905
2,310,166
1,607,954
5,147,324
2,373,135
3,134,536
4,102,509
8,283,071
8,880,967
32.08%
30.88%
101.90%
7.22%
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
1,478,105
2,165,397
3,029,797
3,872,273
2,425,631
46.50%
39.92%
27.81%

Par Value
Retained Earnings
Total Equity
Growth (%)
INCOME STATEMENTS
Total Revenues
Growth (%)
8,881
7,069
5,258
4,103
3,135
3,446
2,373
1,634
-178
2011
Cost of Revenues
743,405
931,477
1,264,879
1,714,248
991,249
Gross Profit
734,700
1,233,920
1,764,919
2,158,025
1,434,383
Operating Expenses
264,829
332,815
433,727
-701,281
429,377
Operating Profit
8,283
8,881
2012
2013
2014
Jun-15

3,872
3,872
Growth (%)
3,030
3,082

Income before Tax
Tax
469,871
901,105
1,331,192
2,859,306
1,005,006
91,339
134,609
194,644
260,165
177,906
378,531
766,496
1,136,548
2,599,141
827,100
102.49%
48.28%
128.69%
Growth (%)
2,426
2,165
2,292
1,478
1,502
712
Period Attributable
346,859
747,989
1,132,820
2,515,505
755,281
378,531
766,496
1,136,548
2,597,079
824,350
346,859
747,989
1,132,820
2,513,443
752,530
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
1.45
3.50
4.50
4.50
EPS (Rp)
28.81
15.53
23.52
52.23
15.68
BV (Rp)
197.11
65.09
85.19
171.99
184.41
DAR (X)
0.59
0.59
0.56
0.51
0.52
DER(X)
1.42
1.41
1.27
1.02
1.06
ROA (%)
6.59
10.13
12.22
15.50
4.51
ROE (%)
15.95
24.45
27.70
31.38
9.31
GPM (%)
49.71
56.98
58.25
55.73
59.13
OPM (%)
NPM (%)
Dividend (Rp)
25.61
35.40
37.51
67.12
34.10
Payout Ratio (%)
5.03
22.53
19.13
8.62
Yield (%)
0.19
1.56
1.67
0.87
-77
2011
2012
2013
2014
Jun-15

2,599
2,599
2,069
1,539
1,137
827
766
1,008
379
478
-52
2011
2012
2013
2014
Jun-15
129
COMPANY REPORT
SCMA
SURYA CITRA MEDIA TBK.
Company Profile
PTSuryaCitraMediaTbk.wasestablishedonJanuary29th,1999.TheCompanystartedits
commercialoperationsin2002.
Company's scope of activities in the field of business related to multimedia services,

includingproducinglocaltelevisionprogramsandsellthemtoSubsidiary.
TheCompanyisdomiciledinSCTVTowerSenayanCity,Jln.AsiaAfrikaLot19,Jakarta.PT
Elang Mahkota Teknologi Tbk is the ultimate parent entity of the Company and
subsidiaries.
SubsidiariesdirectlyownedbytheCompanyareasfollows:
PTSuryaCitraTelevisi(SCTV),
PTIndosiarVisualMandiri,
PTScreenplayProduksi,
PTBangkaTeleVision,
PTSuryaCitraPesona,and
PTSuryaTrioptimaMultikreasi
Asof31March2015,theCompanyandSubsidiarieshave2,537employees.
August 2015
Disclaimer:
130
SCMA Surya Citra Media Tbk. [S]
As of 31 July 2015
Main Board
Industry Sub Sector : Advertising, Printing And Media (95)
Individual Index
:
Listed Shares
:
1,340.909
14,621,601,234
43,133,723,640,300
19 | 43.1T | 0.87% | 57.98%

21 | 16.1T | 1.10% | 50.13%
COMPANY HISTORY
Established Date
: 29-Jan-1999
Listing Date
: 16-Jul-2002
Under Writer IPO :
PT CLSA Indonesia
Phone : (021) 252-5666
Fax
: (021) 252-5028
1. R. Soeyono
2. Glenn Muhammad Surya Yusuf *)
3. Jay Geoffrey Wacher
4. R. Alvin Widarta Sariaatmadja
5. Suryani Zaini *)
BOARD OF DIRECTORS
1. Sutanto Hartono
2. Harsiwi Achmad
3. Imam Sudjarwo
4. Rusmiyati Djajaseputra
AUDIT COMMITTEE
1. Glenn Muhammad Surya Yusuf
2. Emmanuel Bambang Suyitno
3. M. Risanggono Soemaryono
CORPORATE SECRETARY
Hardijanto Saroso
HEAD OFFICE
SCTV Tower -Senayan City
Jln. Asia Afrika Lot. 19
Jakarta 10270

1. PT Elang Mahkota Teknologi
2. Public (<5%)
8,914,176,761 :
5,707,424,473 :
Bonus
Cash
Year
2002
2002
2003
2004
2004
2005
2006
2007
2007
2008
2008
2009
2010
2010
2011
2011
2012
2013
2013
2014
Shares
Dividend
15.00
30.00
5.00
35.00
25.00
50.16
8.00
20.00
8.00
40.00
130.00
170.00
60.00
225.00
35.00
125.00
48.00
15.00
51.00
70.00
Cum Date
20-Aug-02
01-Jul-03
05-Aug-04
23-Jun-05
08-Dec-05
22-Jun-06
15-Dec-06
01-Aug-07
10-Sep-08
16-Dec-08
19-Jun-09
16-Jun-10
08-Nov-10
27-Jun-11
27-Jun-11
14-Jun-12
06-May-13
21-Nov-13
18-Aug-14
28-Apr-15
Ex Date
21-Aug-02
02-Jul-03
06-Aug-04
24-Jun-05
09-Dec-05
23-Jun-06
18-Dec-06
02-Aug-07
11-Sep-08
17-Dec-08
22-Jun-09
17-Jun-10
09-Nov-10
28-Jun-11
28-Jun-11
15-Jun-12
07-May-13
22-Nov-13
19-Aug-14
29-Apr-15
Recording
Date
26-Aug-02
04-Jul-03
10-Aug-04
28-Jun-05
13-Dec-05
27-Jun-06
20-Dec-06
06-Aug-07
15-Sep-08
19-Dec-08
24-Jun-09
21-Jun-10
11-Nov-10
01-Jul-11
01-Jul-11
19-Jun-12
10-May-13
26-Nov-13
21-Aug-14
04-May-15
60.97%
39.03%
Payment
Date
09-Sep-02
18-Jul-03
25-Aug-04
12-Jul-05
28-Dec-05
11-Jul-06
05-Jan-07
21-Aug-07
29-Sep-08
08-Jan-09
07-Jul-09
05-Jul-10
23-Nov-10
12-Jul-11
12-Jul-11
03-Jul-12
24-May-13
10-Dec-13
04-Sep-14
21-May-15
I
F
F
F
F
F
I
I
F
F
F
F
I
F
I
F
F
I
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
Type of Listing
First Issue
First Issue (Green Shoe)
Company Listing
Warrant
ESOP Conversion
Stock Splits
Merger with IDKM
Shares
375,000,000
56,250,000
1,443,750,000 T:
18,750,000
56,250,000 T:
7,800,000,000
4,871,601,234
Listing
Date
16-Jul-02
16-Jul-02
16-Jul-02 :
05-Mar-03
23-May-08 :
29-Oct-12
01-May-13
Trading
Date
16-Jul-02
16-Jul-02
28-Feb-03
05-Mar-03
14-Jun-12
29-Oct-12
01-May-13
Phone : (021) 279-35599

Fax
: (021) 279-35598
Homepage
Email
F/I
: www.scm.co.id
: hardijanto.s@scm.co.id
131

Closing
Price*
Volume
(Mill. Sh)
4,200
800
3,675
700
3,150
600
2,625
500
2,100
400
1,575
300
1,050
200
525
100
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

490%
420%
350%
315.5%
280%
210%
140%
95.8%
70%
28.8%
-70%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
123
744
7
232
515
3,288
14
242
2,475
6,569
99
242
4,606
15,573
563
242
2,198
7,322
401
142
8,200
3,250
7,850
1,570
11,150
1,950
2,250
2,250
3,125
2,150
2,625
2,625
4,200
2,410
3,500
3,500
4,040
2,710
2,950
2,950
24.03
19.08
10.02
29.99
15.42
13.76
34.72
22.13
16.34
181.44
16.33
11.35
Price (Rupiah)
High
Low
Close
Close*
16.64
PER (X)
16.89
PER Industry (X)
10.09
PBV (X)
132
Closing Price
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
3,725
3,825
4,200
4,200
5,050
6,050
6,650
7,000
6,000
6,400
7,700
8,200
Low
3,250
3,300
3,500
3,800
4,000
4,525
5,500
5,500
4,575
5,000
5,500
7,650
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
9,600
9,400
8,900
8,500
9,500
10,200
11,050
10,500
11,000
11,150
2,375
2,400
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
2,500
2,975
2,925
2,950
3,125
2,950
2,925
3,000
2,750
2,575
2,975
2,875
2,175
2,150
2,450
2,625
2,625
2,250
2,300
2,300
2,300
2,150
2,250
2,450
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
2,750
2,805
3,300
3,415
3,415
3,615
3,900
4,200
4,190
3,935
3,485
3,510
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
3,730
4,040
3,680
3,470
3,240
3,700
3,130
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Surya Citra Media Tbk. [S]
Close
3,450
3,800
4,050
4,200
4,950
5,700
6,550
6,000
6,000
6,350
7,550
7,850
(X)
271
135
340
138
563
965
818
576
818
643
1,011
623
7,850 9,300
8,400 8,700
8,050 8,050
7,950 8,500
8,000 8,950
8,500 9,500
9,450 10,350
9,850 9,900
9,850 11,000
1,950 1,950
1,970 2,175
2,100 2,250
712
589
900
568
1,139
627
1,960
842
1,809
1,481
1,712
1,865
6,653
8,775
16,027
21,942
87,104
9,114
116,666
10,523
13,824
20,626
131,821
71,973
57,811
77,400
136,459
184,003
752,304
82,791
1,168,577
107,052
143,872
134,399
278,835
164,575
20
20
21
20
21
19
22
19
20
22
20
18
2,375
2,575
2,775
2,800
2,900
2,725
2,675
2,500
2,550
2,350
2,850
2,625
2,844
7,347
5,901
4,171
7,102
8,696
7,002
5,905
7,547
9,540
22,527
10,133
74,017
114,123
158,946
177,045
224,109
192,983
124,551
140,977
167,051
196,809
652,332
252,342
168,664
268,789
415,150
482,182
651,217
503,785
329,380
378,417
421,739
473,590
1,798,826
676,768
21
20
19
20
22
19
23
17
21
21
20
19
2,530
2,410
2,700
3,000
3,015
3,100
3,250
3,690
3,725
3,325
3,055
3,190
2,650
2,805
3,200
3,150
3,170
3,585
3,800
4,110
3,825
3,380
3,210
3,500
24,535
46,992
60,060
45,515
31,337
30,599
41,264
55,141
46,879
79,426
60,418
40,549
120,592
310,886
357,086
201,924
256,918
387,714
519,179
696,177
173,175
339,658
320,661
921,781
313,839
785,287
1,066,820
655,546
813,709
1,298,374
1,817,851
2,697,996
681,805
1,192,961
1,054,759
3,194,315
20
20
20
20
18
21
18
20
22
23
20
20
3,205
3,325
3,150
2,710
2,875
2,750
2,800
3,415
3,650
3,395
2,900
3,090
2,875
2,950
62,923
72,671
70,054
55,063
47,429
52,981
40,018
408,147
383,350
418,705
425,381
179,558
236,568
146,752
1,407,805
1,392,435
1,451,881
1,395,129
548,669
693,372
432,260
21
19
22
21
19
21
19

2,538
8,852
11,977
3,470
3,512
13,706
1,396
5,703
5,426
24,255
10,342
51,121
11,313
69,776
23,607
3,883
3,129
17,510
22,958
135,661
47,075
315,609
8,280
65,741
19
12
18
18
21
20
21
19
20
21
22
21

Book End : December
Dec-11
Dec-12
Dec-13
Dec-14
Mar-15
716,717
927,423
1,043,283
1,246,109
1,512,112
Receivables
627,045
721,898
1,014,685
1,291,374
1,329,938
Inventories
164,427
222,674
374,639
462,439
481,241
1,534,252
1,917,041
2,570,167
3,200,366
3,503,986
328,681
326,717
724,970
761,978
750,941
BALANCE SHEET
Current Assets
Fixed Assets
Other Assets
Total Assets
Assets
Current Liabilities
Total Liabilities
5,000
3,750
17,323
17,729
22,115
27,969
27,416
2,511,222
2,893,172
4,010,166
4,728,436
5,043,393
15.21%
38.61%
17.91%
6.66%
1,250
-
Growth (%)
971,757
416,149
705,700
819,158
850,057
35,194
288,585
515,010
431,090
394,088
1,006,950
704,733
1,220,709
1,250,248
1,244,146
-30.01%
73.22%
2.42%
-0.49%
1,500,000
1,500,000
2,900,000
2,900,000
2,900,000
483,602
487,500
731,080
731,080
731,080
1,934
9,750
14,622
14,622
14,622
250
50
50
50
50
Growth (%)
Liabilities
6,250
2,500
2011
2012
2013
2014
Mar-15

Authorized Capital
Paid up Capital
Par Value
Retained Earnings
Total Equity
467,143
1,136,538
184,867
2,432,821
2,757,449
1,504,271
2,188,439
2,789,457
3,478,188
3,799,247
45.48%
27.46%
24.69%
9.23%
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
Dec-12
Dec-13
Dec-14
Mar-15
2,306,735
2,240,085
3,694,748
4,055,702
945,732
-2.89%
64.94%
9.77%
Growth (%)
2,789
3,024
2,188
2,249
1,504
1,474
699
-76
2011
Cost of Revenues
Gross Profit
Expenses (Income)
1,083,940
1,035,222
1,935,962
2,138,831
529,433
Operating Profit
1,222,795
1,204,863
1,758,786
1,916,871
416,299
-1.47%
45.97%
8.99%
-19,447
-5,396
5,309
221
8,163
1,203,347
1,199,467
1,764,095
1,917,092
424,462
Growth (%)
3,799
3,478
3,799
2012
2013
2014
Mar-15

4,056
3,695
4,056
3,228

Income before Tax
Tax
290,760
286,455
448,139
468,818
103,403
912,588
913,013
1,285,897
1,448,274
321,059
0.05%
40.84%
12.63%
Growth (%)
2,307
2,240
2,401
1,574
946
746
Period Attributable
912,705
913,013
1,280
1,453,644
324,628
912,588
913,013
1,285,897
1,448,274
321,059
912,705
913,013
1,280
1,453,644
324,628
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Mar-15
Current Ratio (%)
157.88
460.66
364.20
390.69
412.21
Dividend (Rp)
160.00
48.00
66.00
70.00
EPS (Rp)
471.83
93.64
0.09
99.42
22.20
BV (Rp)
777.64
224.46
190.78
237.88
259.84
DAR (X)
0.40
0.24
0.30
0.26
0.25
DER(X)
0.67
0.32
0.44
0.36
0.33
ROA (%)
36.34
31.56
32.07
30.63
6.37
ROE (%)
60.67
41.72
46.10
41.64
8.45
GPM (%)
OPM (%)
53.01
53.79
47.60
47.26
44.02
NPM (%)
39.56
40.76
34.80
35.71
33.95
Payout Ratio (%)
33.91
51.26
75,411.53
70.41
2.04
2.13
2.51
2.00
Yield (%)
-81
2011
2012
2013
2014
Mar-15

1,448
1,286
1,448
1,153
913
913
857
562
321
266
-29
2011
2012
2013
2014
Mar-15
133
COMPANY REPORT
SILO
SILOAM INTERNATIONAL HOSPITAL TBK.
Company Profile
PTSiloamInternationalHospitalsTbk.establishedunderthenamePTSentralindoWirasta
datedAugust3,1996.ThescopeoftheCompany'smainactivityisinthefieldofpublichealth
services, including establishing and / or acquire and manage hospitals, clinics, maternity
homes, facilities and supporting infrastructure pre healthcare, organizing and
implementationofhealthcareandorganizingpublichealthcareinsurance.
TheCompanystartedcommercialoperationsin2010aftertherestructuringofhospitalunits
PTLippoKarawaciTbk.ThemainactivityoftheCompanyisengagedinthefieldofpublic
healthservicesaresetupandmanageahospital.WorkareahospitalunitsoftheCompany
anditsSubsidiariesincludeseveraltownsontheislandofSumatra,Java,Bali,Kalimantan
andSulawesi.TheCompanyistheparentcompanyofPTMegapratamaKaryaPersadawith
thelastoftheparententityisPTLippoKarawaciTbk.AsofJune30th,2015,theCompany
anditssubsidiarieshave6,557employees.
ThecompanyownsdirectlyorindirectlysubsidiariesarePTAritasindoPermaisemesta,PT
PerdanaKencanaMandiri,PTMultiselarasAnugerah,PTNusaMedikaPerkasa,PTSiloam
Graha Utama and Subsidiaries, PT East Jakarta Medika, PT Guchi Kencana Emas and
Subsidiaries, PT Golden First Atlanta, PT Prawira Tata Semesta and Subsidiaries, PT
BalikpapanDamaiHusada,PTSiloamEmergencyServices,PTMedikaHarapanCemerlang
Indonesia,PTPancawarnaSemestaandSubsidiaries,PTDiagramHealthcareIndonesia,PT
AdamanisaKaryaSejahtera,PTBrenadaKaryaBangsa,PTHarmoniSelarasIndah,PTKusuma
Primadana and Subsidiaries, PT Adijay a Buana Sakti dan Entitas Anak PT Siloam Sumsel
Kemitraan,PTRSSiloamHospitalSumsel,PTOptimumKaryaPersada,PTRoselaIndahCipta,
PTSembadaKaryaMegah, PTTrijayaMakmurBersama, PTVisindoGalaxiJaya,PTTunggal
PilarPerkasaandSubsidiaries,PTTirtasariKencana, PTGramariPrimaNusa, PTKrisolisJaya
Mandiri, PTKusumaBhaktiAnugerah, PTAgungCiptaRaya, PTBinaCiptaSemesta, PTMega
BuanaBhakti, PTTarunaPerkasaMegah, PTTatakaBumiKarya, PTTatakaKaryaIndah, PT
Siloam Medika Cemerlang, PT Koridor Usaha Maju and Subsidiaries, PT Medika Sarana
TraliansiaandSubsidiaries,PTTrisakaReksaWaluya, PTBerlianCahayaIndah, PTMahkota
BuanaSelaras, PTRashalSiarCakraMedika, PTGentaRayaInternusa,PTIndahKemilau
Abadi, PTIntiPratamaMedika, PTKaryaPesonaCemerlang, PTMuliaPratamaCemerlang,
PTPersadaDuniaSemesta, PTSentraSehatSejahtera.
August 2015
Disclaimer:
134
SILO Siloam International Hospitals Tbk. [S]
As of 31 July 2015
Main Board
Industry Sub Sector : Healthcare (96)
Individual Index
:
Listed Shares
:
183.889
1,156,100,000
19,133,455,000,000
43 | 19.1T | 0.39% | 71.98%

32 | 13.6T | 0.93% | 61.09%
COMPANY HISTORY
Established Date
: 03-Aug-1996
Listing Date
: 12-Sep-2013
Under Writer IPO :
PT Ciptadana Securities
Phone : (021) 527-7966
Fax
: (021) 527-7967
1. Ketut Budi Wijaya
2. Farid Harianto *)
3. Jenny Kuistono
4. Jonathan L. Parapak *)
5. Lambock V. Nathaland
6. Niel Nelson *)
7. Theo L. Sambuaga

1. PT Megapratama Karya Persada
2. Public (<5%)
699,000,000 :
457,100,000 :
Bonus
Cash
Year
2014
Shares
Dividend
5.20
Cum Date
26-May-15
Ex Date
27-May-15
Recording
Date
29-May-15
60.46%
39.54%
Payment
F/I
Date
18-Jun-15 F
ISSUED HISTORY
No. Type of Listing
1. First Issue
2. Company Listing
Shares
156,100,000
1,000,000,000
Listing
Date
12-Sep-13
12-Sep-13
Trading
Date
12-Sep-13
12-Sep-13
BOARD OF DIRECTORS
1. Romeo Fernandez Lledo
2. Anang Prayudi
3. Andry
4. George Mathew
5. Grace Frelita Indradjaja
6. Kailas N. Raina
7. Richard Hendro Setiadi
AUDIT COMMITTEE
1. Farid Harianto
2. Lim Kwang Tak
3. Siswanto Pramono
CORPORATE SECRETARY
Cindy Riswantyo
HEAD OFFICE
Siloam Hospitals, 5th Fl.
Jln. Siloam No. 6, Lippo Village
Tangerang 15811
Phone : (021) 256-68000
Fax
: (021) 546-0075
Homepage
Email
: www.siloamhospitals.com
: corporate.secretary@siloamhospitals.com
135

Closing
Price*
TRADING ACTIVITIES
Volume
(Mill. Sh)
18,000
160
15,750
140
13,500
120
11,250
100
9,000
80
6,750
60
4,500
40
2,250
20
Sep-13
Mar-14
Sep-14
Mar-15

September 2013 - July 2015
105%
90%
75%
71.5%
60%
45%
30%
20.6%
15%
10.2%
-15%
Sep 13
Mar 14
Sep 14
Mar 15
SHARES TRADED
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
435
4,385
15
72
1,718
20,751
80
242
652
8,725
74
142
11,050
9,050
9,500
9,500
17,500
9,200
13,700
13,700
16,900
11,775
16,550
16,550
220.23
15.42
6.70
218.72
22.13
9.38
154.18
16.33
11.26
Price (Rupiah)
High
Low
Close
Close*
PER (X)
PER Industry (X)
PBV (X)
136
Closing Price
Low Close
9,050 10,400
9,950 10,150
9,050 9,600
9,250 9,500
Freq.
Volume
Value
Day

Siloam International Hospitals Tbk. [S]
September 2013 - July 2015
Month
Sep-13
Oct-13
Nov-13
Dec-13
High
11,000
11,050
10,350
9,700
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
9,650
10,550
11,400
11,000
15,000
15,150
15,000
15,950
17,500
15,500
15,400
14,700
9,200
9,500
9,550
9,400
11,000
13,950
13,100
14,000
14,700
13,125
12,800
13,375
9,625
10,500
10,300
11,000
15,000
14,450
14,300
15,075
15,025
13,775
13,625
13,700
4,505
6,310
9,465
7,308
5,769
5,181
5,816
6,452
11,156
5,972
6,991
5,539
139,774
233,380
262,183
271,019
250,496
149,703
84,216
95,928
116,205
41,486
44,745
28,758
1,335,343
2,325,902
2,781,056
2,886,239
3,134,771
2,187,636
1,200,511
1,454,766
1,813,276
590,341
637,273
403,657
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
14,000
13,700
13,950
14,425
15,775
14,725
16,900
13,000
11,875
12,100
11,775
13,525
12,900
13,750
13,400
12,225
13,400
14,200
14,100
14,400
16,550
4,003
10,078
11,484
15,284
11,773
9,926
11,867
38,835
170,719
163,986
101,180
35,093
55,724
86,497
525,611
2,111,214
2,151,398
1,334,178
515,396
777,670
1,309,069
21
19
22
21
19
21
19
(X)
6,040
5,130
2,776
1,293

110,105 1,098,723
175,460 1,838,018
68,670
674,356
81,196
773,923
13
21
20
18

Book End : December
Dec-12
Dec-13
Dec-14
Jun-15
168,708
515,438
279,959
217,144
Receivables
187,067
270,802
392,646
503,257
Inventories
75,352
94,831
105,858
121,554
Current Assets
456,737
907,465
840,797
931,891
Fixed Assets
865,292
1,402,270
1,589,307
1,603,358
BALANCE SHEET
Dec-11
Assets
Other Assets
Total Assets
1,800
33,310
13,398
11,057
2,600,775
2,844,086
2,977,563
63.96%
9.36%
4.69%
600
-
267,633
295,921
478,163
577,807
1,073,752
665,862
712,254
701,206
Total Liabilities
1,341,585
961,783
1,190,417
1,279,012
-28.31%
23.77%
7.44%
Current Liabilities
2,400
1,586,226
Growth (%)
Growth (%)
Liabilities
3,000
1,200
2012
2013
2014
Jun-15

Authorized Capital
400,000
400,000
400,000
400,000
Paid up Capital
100,000
115,610
115,610
115,610
1,000
1,156
1,156
1,156
100
100
100
100

Par Value
Retained Earnings
156,238
206,109
268,677
337,338
Total Equity
244,641
1,638,992
1,653,669
1,698,550
569.96%
0.90%
2.71%
Growth (%)
INCOME STATEMENTS
Dec-11
Total Revenues
Dec-12
Dec-13
Dec-14
Jun-15
1,788,083
2,503,600
3,340,793
1,986,960
40.02%
33.44%
Growth (%)
1,844,902
2,388,731
1,420,884
444,815
658,698
952,062
566,076
Expenses (Income)
353,346
580,013
818,210
445,682
91,468
78,685
133,852
120,394
-13.98%
70.11%
-14,447
-6,924
-40,346
-24,899
Income before Tax
77,022
71,761
93,506
95,495
Tax
25,062
21,569
33,799
33,683
51,960
50,192
59,707
61,812
-3.40%
18.96%
Growth (%)
Growth (%)
2013
2014
Jun-15
1,006
659
245
313

3,341
3,341
2,504
2,659
1,699
1,352
2012
1,343,268
Operating Profit
1,654
-34
Gross Profit
Cost of Revenues
1,639
1,699
1,978
1,987
1,788
1,296
615
Period Attributable
50,461
49,870
62,569
62,050
51,960
50,192
59,707
61,812
50,461
49,870
62,569
62,050
Dec-12
Dec-13
Dec-14
Jun-15
170.66
306.66
175.84
161.28
5.20
RATIOS
Current Ratio (%)
Dividend (Rp)
Dec-11
EPS (Rp)
50.46
43.14
54.12
53.67
BV (Rp)
244.64
1,417.69
1,430.39
1,469.21
DAR (X)
0.85
0.37
0.42
0.43
DER(X)
5.48
0.59
0.72
0.75
ROA (%)
3.28
1.93
2.10
2.08
ROE (%)
21.24
3.06
3.61
3.64
GPM (%)
24.88
26.31
28.50
28.49
OPM (%)
5.12
3.14
4.01
6.06
NPM (%)
2.91
2.00
1.79
3.11
Payout Ratio (%)
9.61
Yield (%)
0.04
-67
2012
2013
2014
Jun-15

60
62
62
52
50
2012
2013
49
37
24
11
-1
2014
Jun-15
137
CC O
OM
M PP A
AN
N YY RR EE PP O
O RR TT
SMGR
SEMEN INDONESIA (PERSERO) TBK.
Company Profile
PT Semen Indonesia (Persero) Tbk. was established on March 25th, 1953 The Company
commenced commercial operations on August 7, 1957. The Company's controlling
shareholderistheGovernmentoftheRepublicofIndonesia.
ThescopeofactivitiesoftheCompanyinaccordancewiththeArticlesofAssociationand
being carried out during the reporting period is to engage in the cement industry. The
CompanysanditssubsidiariescementplantsarelocatedinGresikandTubaninEastJava,
Indarung in West Sumatera,Pangkep inSouthSulawesi and QuangNinh in Vietnam.The
Group'productsaremarketeddomesticallyandinternationally.
AsofJune30th,2015,theCompanyanditssubsidiarieshad7,168employees.
The subsidiaries of the company are established as Strategic Tools, in order to give the
maximumcontributions.Inaddition,theirexistenceisexpectedtoincurbeneficialsynergy
inordertoachievethepurposeinaccordancewiththestipulatedcorebusiness.Beloware
thesubsidiariesofthecompany:
PTSGGEnergiPrima,
PTSemenPadang,
PTSGGPrimaBeton,
PTSepatimBatamtama,
PTKrakatauSemenIndonesia,
PTBimaSepajaAbadi,
PTSinergiInformatikaSemenIndonesia,
PTSemenTonasa,
ThangLongCementJointStockCompany,
PTSemenGresik,
ThangLongCementJointStockCompany2,
PTUnitedTractorsSemenGresik,
PTIndustriKemasanSemenGresik, AnPhuCementJointStockCompany.
PTKawasanIndustriGresik,
This2014IndonesianCementobtainanawardgivenbytheEconomicNewsmediathrough
the "Living Legend Company & Everlasting Brand Award 2014". This award is a token of
appreciationforbusinessesbothSOEsandprivatecompaniesthathaveexistedfor more
than 50 years and has a good performance. Assessment of these companies is done not
onlyintermsofageandperformance,butalsoinnovationandstrategyinthefaceofcrisis.
August 2015
Disclaimer:
138
SMGR SemenIndonesia(Persero)Tbk.[S]
As of 31 July 2015
Main Board
Individual Index
:
Listed Shares
:
3,514.535
5,931,520,000
59,908,352,000,000
16 | 59.9T | 1.21% | 55.00%

10 | 26.6T | 1.81% | 35.00%
COMPANY HISTORY
Established Date
: 25-Mar-1953
Listing Date
: 08-Jul-1991
Under Writer IPO :
PT Buanamas Investindo
PT Ficorinvest
PT Indovest Securities
PT Multicor
PT Nikko Securities Indonesia
PT Nomura Indonesia
PT Primarindo Daya Investama
PT Datindo Entrycom
Phone : (021) 570-9009
Fax
: (021) 570-9026
1. Mahendra Siregar
2. Achmad Jazidie
3. Hadi Waluyo *)
4. Marwanto Harjowirjono
5. Muchammad Zaidun *)
6. Sony Subrata
7. Wahyu Hidayat
BOARD OF DIRECTORS
1. Suparni
2. Ahyanizzaman
3. Amat Pria Darma
4. Aunur Rosyidi
5. Gatot Kustyadji
6. Johan Samudra
7. Rizkan Chandra
AUDIT COMMITTEE
1. Hadi Waluyo
2. Achmad Jazidie
3. Elok Tresnaningsih
4. Sahat Pardede

1. Pemerintah RI QQ Menteri Keuangan RI
2. Public (<5%)
Bonus
Cash
Year
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2003
2004
2005
2005
2006
2007
2008
2009
2009
2010
2010
2011
2012
2013
2014
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
375.34
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
23-Apr-15
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
24-Apr-15
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
28-Apr-15
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
20-May-15
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
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
The East Tower, 18th Fl., Jln. Dr. Ide Anak Agung Gde Agung
Kav. E.3.2 No. 1, Jakarta - 12950

Semen Gresik Main Building, Jln. Veteran, Gresik 61122
Phone : (021) 526-11745, (031) 398-17312
Fax
: (021) 526-1176, (031) 398-3209
Homepage
Email
F/I
: www.semengresik.com
: corp.sec@sg.sggrp.com
agungw@sg.sggrp.com
139
SMGR Semen Indonesia (Persero) Tbk. [S]

Closing
Price*
Volume
(Mill. Sh)
20,000
56.0
17,500
49.0
15,000
42.0
12,500
35.0
10,000
28.0
7,500
21.0
5,000
14.0
2,500
7.0
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

120%
100%
80%
60%
40%
28.8%
20%
2.5%
1.7%
-20%
-40%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
2,068
18,855
233
247
2,149
26,942
296
246
2,548
39,111
497
244
2,173
33,878
715
242
1,134
15,558
414
142
Price (Rupiah)
High
Low
Close
Close*
11,450
7,250
11,450
11,450
16,950
9,900
15,850
15,850
19,150
11,350
14,150
14,150
17,400
13,500
16,200
16,200
16,475
9,900
10,100
10,100
19.09
9.79
5.18
15.63
6.83
3.85
17.63
16.60
4.09
13.71
13.88
2.38
17.15
PER (X)
10.41
PER Industry (X)
4.65
PBV (X)
140
Closing Price
Low Close
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
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Semen Indonesia (Persero) Tbk. [S]
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
10,000
8,850
9,350
9,800
9,800
9,750
10,000
9,650
9,450
9,500
9,550
11,450
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
15,900
15,275
17,400
17,050
16,050
15,475
17,150
16,900
16,500
16,325
16,350
16,800
13,775
13,500
14,600
14,800
14,175
14,700
14,950
16,100
14,700
14,500
15,000
15,350
14,200
15,000
15,800
14,850
14,725
15,075
16,575
16,225
15,425
15,875
16,000
16,200
55,849
52,652
61,774
69,330
66,131
53,891
58,210
55,142
60,859
73,117
45,771
62,239
192,064
170,519
237,643
235,917
273,242
171,469
200,012
133,507
164,556
161,075
109,742
123,648
2,808,267
2,515,811
3,743,636
3,757,029
4,131,554
2,598,357
3,265,081
2,210,220
2,624,106
2,483,215
1,736,450
2,004,124
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
16,475
15,150
14,950
13,875
13,500
13,575
12,350
13,950
14,350
12,525
12,400
12,500
11,800
9,900
14,575
14,875
13,650
12,500
13,450
12,000
10,100
86,580
52,352
70,512
56,978
45,572
46,571
55,477
270,215
153,045
170,929
172,031
155,975
92,958
119,013
4,033,800
2,256,306
2,401,500
2,302,086
2,054,754
1,178,852
1,330,665
21
19
22
21
19
21
19
(X)
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 2,371,780
157,200 1,307,341
169,216 1,488,654
120,939 1,153,198
144,637 1,378,004
128,580 1,218,512
241,451 2,367,029
206,839 1,864,386
145,732 1,234,343
149,227 1,282,433
129,289 1,181,110
195,126 2,008,194
21
18
23
20
21
20
21
19
20
21
22
21
SMGR SemenIndonesia(Persero)Tbk.[S]
Book End : December
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
3,375,645
3,081,102
4,108,092
4,925,950
2,866,446
Receivables
1,864,177
2,522,529
2,916,062
3,432,557
3,255,998
Inventories
2,006,660 22,849,053
2,645,893
2,811,704
3,130,107
Current Assets
7,646,145
9,972,110 11,648,545
9,951,403
BALANCE SHEET
Fixed Assets
Other Assets
Total Assets
Assets
8,231,297
11,640,692 16,794,115 18,862,518 20,221,067 22,026,171

18,029
54,223
224,136
326,264
347,724
19,661,603 26,579,084 30,792,884 34,314,666 34,684,772
Growth (%)
21,000
14,000
15.85%
11.44%
1.08%
7,000
-
2,889,137
4,825,205
5,297,631
5,273,269
5,513,203
2,157,369
3,589,025
3,691,278
4,038,945
3,982,293
Total Liabilities
5,046,506
8,414,229
8,988,908
9,312,214
9,495,496
66.73%
6.83%
3.60%
1.97%
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 (%)
28,000
35.18%
Current Liabilities
Liabilities
35,000
2011
2012
2013
2014
Jun-15

Authorized Capital
Paid up Capital
Par Value
Retained Earnings
12,407,396 15,291,927 18,480,911 21,630,157 21,654,045
Total Equity
14,615,097 18,164,855 21,803,976 25,002,452 25,189,276
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
24.29%
20.03%
14.67%
0.75%
Dec-12
Dec-13
Dec-14
Jun-15
25,189
2014
Jun-15
18,165
20,051
14,615
14,912
9,773
4,635
16,378,794 19,598,248 24,501,241 26,987,035 12,640,125
19.66%
Growth (%)
25.02%
10.15%
-504
2011
Cost of Revenues
8,891,868 10,300,667 13,557,147 15,388,431
Gross Profit
7,486,926
9,297,581 10,944,094 11,598,604
5,005,513
Expenses (Income)
2,594,794
3,116,058
4,023,694
4,507,838
2,207,914
Operating Profit
4,892,131
6,181,524
26,987
24,501
19,598
21,482
105,931
Income before Tax
5,089,952
6,287,454
Tax
1,134,680
1,360,814
3,955,273
2013

26,987
197,821
Growth (%)
2012
7,634,612
26.36%
Growth (%)
25,002
21,804
6,920,400
7,090,766
2,797,598
1,566,101
1,517,189
604,010
4,926,640
5,354,299
5,573,577
2,193,588
24.56%
8.68%
4.10%
16,379
12,640
15,976
10,471
4,966
Period Attributable
3,925,442
4,847,252
5,370,247
5,565,858
2,185,218
3,960,605
4,924,791
5,852,023
5,587,346
2,316,058
3,930,774
4,845,403
5,716,493
5,576,106
2,267,032
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
Current Ratio (%)
264.65
170.59
188.24
220.90
180.50
Dividend (Rp)
330.89
367.74
407.42
375.34
RATIOS
661.79
817.20
905.37
938.35
368.41
BV (Rp)
2,463.97
3,062.43
3,675.95
4,215.18
4,246.68
DAR (X)
0.26
0.32
0.29
0.27
0.27
DER(X)
0.35
0.46
0.41
0.37
0.38
ROA (%)
20.12
18.54
17.39
16.24
6.32
ROE (%)
27.06
27.12
24.56
22.29
8.71
GPM (%)
45.71
47.44
44.67
42.98
39.60
OPM (%)
29.87
31.54
NPM (%)
24.15
25.14
21.85
20.65
17.35
Payout Ratio (%)
50.00
45.00
45.00
40.00
2.89
2.32
2.88
2.32
EPS (Rp)
Yield (%)
-540
2011
2012
2013
2014
Jun-15

4,927
5,574
4,437
5,354
5,574
3,955
3,300
2,194
2,163
1,026
-111
2011
2012
2013
2014
Jun-15
141
CC O
OM
M PP A
AN
N YY RR EE PP O
O RR TT
SMRA
SUMMARECON AGUNG TBK.
Company Profile
PT Summarecon Agung Tbk. was founded in 1975 to undertake real estate construction
and development. The Companys scope of activities engaged in the field of real estate
development as well as supporting facilities and operating within the services and trade.
Currently, the scope of the company's business is engaged in the sales / leasing of real
estate,shoppingcenters,officefacilities,aswellasameanssupporting.
TheCompanystartedcommercialoperationsin1976.PTSemaropGreatwasthelastof
theparententityoftheCompanyanditsSubsidiaries(hereinaftertogetherreferredtoas
the"Group")andtheCompany'sdirectparententity.
Summarecon'sbusinessunitsarenowgroupedintothreedistinctactivities:
1. PropertyDevelopment
Property Development is Summarecon's core business. This business unit develops
propertyproductsforsalesuchasresidentialhouse,apartment,landplotsandcommercial
shoplots. These property projects are integral to the development of a township's
residential and commercial development and include supporting facilities such as
educationfacilities,sportsandrecreation,placesofworshipandhealthcarefacilities.
2. PropertyInvestmentandManagement
Thisbusinessunitdevelopspropertieswhichareretainedandleasedout,particularlyretail
shopping malls. The revenue stream from shopping malls and other rental properties
provide stable and consistent recurring incomes to the company. In each township
developmentisanareadesignatedasacentralbusinessdistrictwhereinashoppingmall
willprovideforfullrangeoffacilitiesthatmeetstheneedsofmodernsociety.
3. Leisure,HospitalityandOthers
Summarecon is also developing other properties including offices which are intended for
own corporate use, hotels and residential buildings to further support facilities in its
township.
To ensure the availabilty of readytodevelop land, company has been continuously
acquiring land for potential future developments in existing locations and in any new
strategic/potential locations. Our current available landbank are more than 1,500 ha
(existing and new location). Company also strengthening the business portfolio by
developingtheinvestmentproperties,leisureandhospitalitythatwillprovideaconsistent
stream of recurring revenues. The Company and Subsidiaries had 2,217 permanent
employeesatMarch31st,2015.
August 2015
Disclaimer:
142
SMRA Summarecon Agung Tbk. [S]

Main Board
As of 31 July 2015
Individual Index
:
Listed Shares
:
2,859.021
14,426,781,680
25,102,600,123,200
34 | 25.1T | 0.51% | 67.98%

29 | 14.3T | 0.97% | 58.30%
COMPANY HISTORY
Established Date
: 26-Nov-1975
Listing Date
: 07-May-1990
Under Writer IPO :
PT Multicor
Wisma Sirca
Phone : (021) 314-0032, 390-5920, 390-0645
Fax
: (021) 390-0671, 390-0652
1. Soetjipto Nagaria
2. Edi Darnadi *)
3. Esther Melyani Homan *)
4. Harto Djojo Nagaria

1. PT Semarop Agung
2. PT Semarop Agung
3. PT Semarop Agung
4. PT Semarop Agung
5. PT Sinarmegah Jayasentosa
6. PT Sinarmegah Jayasentosa
7. BNYM S/A Stichting Dep Apg Str
8. BNYM S/A Stichting Dep Apg Str
9. Public (<5%)
Bonus
Cash
HEAD OFFICE
Jln. Perintis Kemerdekaan No. 42
Jakarta Timur
Year
1990
1991
1992
1992
1993
1993
1994
1994
1995
1996
1996
2000
2001
2001
2002
2003
2005
2005
2005
2006
2007
2008
2009
2010
2011
2012
2013
Phone : (021) 489-2107, 471-4567

Fax
: (021) 489-2976, 471-4486
ISSUED HISTORY
BOARD OF DIRECTORS
1. Adrianto Pitoyo Adhi
2. Ge Lilies Yamin
3. Herman Nagaria
4. Lexy Arie Tumiwa
5. Liliawati Rahardjo
6. Sharif Benyamin
7. Soegianto Nagaria
8. Yong King Ching
AUDIT COMMITTEE
1. Edi Darnadi
2. Leo A. Mancianno
3. Neneng Martini
CORPORATE SECRETARY
Michael Yong
Homepage
Email
: www.summarecon.com
: corp_secretary@summarecon.com
1,855,985,872
1,855,985,872
1,812,802,632
1,812,802,632
942,080,224
942,080,224
810,000,000
810,000,000
3,585,044,224
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
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
23.00
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
10-Jul-14
Type of Listing
First Issue
Partial Listing
Bonus Shares
Stock Dividend
Company Listing
Stock Dividen
Stock Split
Right Issue
Warrant
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
15-Jul-14
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
11-Jul-14
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:
:
:
:
:
:
:
:
:
:
12.86%
12.86%
12.57%
12.57%
6.53%
6.53%
5.61%
5.61%
24.85%
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
05-Aug-14
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
:
:
:
:
F/I
F
F
F
F
B
F
I
F
F
F
S
F
F
F
F
F
F
S
I
F
F
F
I
F
B
F
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

Closing
Price*
Volume
(Mill. Sh)
2,000
720
1,750
630
1,500
540
1,250
450
1,000
360
750
270
500
180
250
90
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

280%
240%
222.2%
200%
160%
147.2%
120%
80%
40%
28.8%
-40%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
1,838
1,996
74
247
2,879
4,594
109
246
6,799
9,117
262
244
6,517
7,826
363
242
5,967
10,652
466
142
Price (Rupiah)
High
Low
Close
Close*
1,320
840
1,240
620
2,100
1,100
1,900
950
3,050
660
780
780
1,615
745
1,520
1,520
2,000
1,470
1,740
1,740
17.30
17.34
3.59
10.21
9.57
2.42
18.61 2,706.48
16.29
17.42
4.00
3.89
21.93
PER (X)
11.09
PER Industry (X)
3.44
PBV (X)
144
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Summarecon Agung Tbk. [S]
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
1,110
1,030
1,160
1,260
1,270
1,200
1,320
1,310
1,310
1,170
1,200
1,250
Low
850
840
940
1,090
1,080
1,080
1,080
1,020
920
870
990
1,030
Close
870
1,000
1,160
1,260
1,140
1,140
1,280
1,210
1,000
1,170
1,060
1,240
(X)
12,964
6,850
5,439
3,639
6,300
4,541
9,010
6,023
6,699
5,327
2,210
4,877
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
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
980
1,085
1,180
1,150
1,305
1,270
1,405
1,415
1,350
1,310
1,475
1,615
745
910
980
940
1,080
1,090
1,095
1,270
1,195
1,040
1,220
1,300
955
1,005
1,065
1,110
1,255
1,135
1,350
1,340
1,220
1,260
1,460
1,520
27,739
32,185
27,115
26,857
19,968
21,300
41,560
32,205
40,295
34,690
29,571
29,385
484,736
680,056
528,787
587,245
420,392
275,513
757,675
483,471
662,162
627,001
458,840
550,649
434,071
676,697
573,389
633,586
515,282
325,634
977,499
646,706
836,334
749,899
615,277
842,088
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
1,760
1,880
1,835
1,975
2,000
1,975
1,815
1,470
1,605
1,585
1,705
1,735
1,560
1,600
1,650
40,621
1,815
33,126
1,720
64,624
1,780 120,547
1,975
93,826
1,635
67,292
1,740
45,986
660,999
505,458
1,055,330
998,159
1,677,754
728,188
341,149
1,064,832
887,016
1,768,316
1,851,732
3,207,244
1,287,622
585,689
21
19
22
21
19
21
19

350,348
346,724
215,422
198,509
127,664
132,585
58,216
68,404
135,128
152,632
104,888
120,504
262,445
312,928
147,933
180,703
149,317
173,964
125,832
125,755
86,134
96,826
86,936
74,454
21
18
23
20
21
20
21
19
20
21
22
21

Book End : December
Public Accountant : Purwantono, Sungkoro & Surja (Member of Ernst & Young Global Limited)
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
1,495,901
2,427,999
2,544,845
1,695,077
1,257,256
Assets
Receivables
82,776
138,931
275,967
85,514
105,030
Inventories
2,741,082
2,819,764
3,058,266
3,103,252
4,057,048
Investment
1,929,125
3,699
284,282
304,427
282,418
351,832
366,762
411,561
254,769
67,756
144,088
181,479
Fixed Assets
Other Assets
Total Assets
8,099,175 10,876,387 13,659,137 15,379,479 17,172,386
Growth (%)
7,000
12.59%
11.66%
3,500
-
841,780
822,823
1,911,032
2,698,704
916,277
246,765
184,225
63,235
64,656
79,420
5,622,075
7,060,987
9,001,470
25.59%
27.48%
4.28%
9.90%
1,000,000
2,500,000
2,500,000
2,500,000
2,500,000
687,314
721,339
1,442,678
1,442,678
1,442,678
6,873
7,213
14,427
14,427
14,427
100
100
100
100
100
Retained Earnings
1,531,470
2,171,202
2,963,203
4,029,681
4,259,366
Total Equity
2,477,100
3,815,400
4,657,667
5,992,636
6,856,105
54.03%
22.08%
28.66%
14.41%
Growth (%)
10,500
25.59%
Trade Payable
Total Liabilities
14,000
34.29%
Bank Payable
Liabilities
17,500
2011
2012
2013
2014
Jun-15
9,386,843 10,316,281
Authorized Capital
Paid up Capital
Par Value
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
2,359,331
3,463,163
4,093,789
5,333,593
2,596,664
46.79%
18.21%
30.28%
Growth (%)
4,658
5,457
3,815
4,059
2,477
2,660
1,262
-137
2011
Cost of Revenues
1,312,185
1,871,176
1,943,287
2,545,542
1,203,248
Gross Profit
1,047,145
1,591,987
2,150,503
2,788,051
1,393,416
Operating Expenses
482,671
581,085
803,365
929,013
701,797
Operating Profit
564,475
1,010,901
1,347,138
1,859,038
691,619
79.09%
33.26%
38.00%
Growth (%)
6,856
5,993
6,856
2012
2013
2014
Jun-15

5,334
4,094
4,246
-33,559
-24,507
-27,712
-174,939
-165,541
Income before Tax
530,916
986,395
1,319,425
1,684,099
526,078
Tax
142,209
194,309
223,537
296,582
948
388,707
792,086
1,095,888
1,387,517
525,130
103.77%
38.35%
26.61%
Growth (%)
3,463
2,597
3,157
2,359
2,069
981
Period Attributable
392,019
797,814
1,102,177
1,398,294
529,253
388,707
792,086
1,095,888
1,387,517
542,018
392,019
787,814
1,102,177
1,398,294
546,141
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
Dividend (Rp)
23.00
43.00
23.00
EPS (Rp)
57.04
110.60
76.40
96.92
36.69
BV (Rp)
360.40
528.93
322.85
415.38
475.23
DAR (X)
0.69
0.65
0.66
0.61
0.60
DER(X)
2.27
1.85
1.93
1.57
1.50
ROA (%)
4.80
7.28
8.02
9.02
3.06
ROE (%)
15.69
20.76
23.53
23.15
7.66
GPM (%)
44.38
45.97
52.53
52.27
53.66
OPM (%)
23.93
29.19
32.91
34.86
26.63
NPM (%)
16.48
22.87
26.77
26.01
20.22
Payout Ratio (%)
40.33
38.88
30.11
1.85
2.26
2.95
Yield (%)
-107
2011
2012
2013
2014
Jun-15

1,388
1,388
1,096
1,104
792
821
525
538
389
255
-28
2011
2012
2013
2014
Jun-15
145
CC O
OM
M PP A
AN
N YY RR EE PP O
O RR TT
SRIL
SRI REJEKI ISMAN TBK.
Company Profile
PTSriRejekiIsmanwasestablisheddatedMay22,1978inSurakarta.Thescopeofmajor
activitiesoftheCompanyconsistsofspinning,weaving,dyeing,printing,finishingoffabric
andmanufacturingofgarments.TheCompanystarteditscommercialoperationsin1978.
In November 2013, the Company, PT Kapas Agung Abadi (KAA) and Iwan Kurniawan
Lukminto (as the sellers), all parties under common control, signed a share purchase
agreement related to the acquisition by the Company and PT Sinar Pantja Djaja (SPD)
belongingtoKAA.SPDisacompanyengagedinspinningyarnanddomiciledinSemarang.
As of March 31, 2015, the Company and its Subsidiary had a total number of 17,872
employees.
OnMarch3,2014theCompanyestablishedGoldenLegacyPte.Ltd.(GL),Thesubsidiary
wasestablishedunderthelawsofSingaporeasaprivatecompanywithlimitedliability.Its
domicileislocatedatBaterryRoad9,#1501StraitsTradingBuilding,Singapore049910.
August 2015
Disclaimer:
146
SRIL
Sri Rejeki Isman Tbk.
As of 31 July 2015
Main Board
Industry Sector : Miscellaneous Industry (4)
Industry Sub Sector : Textile, Garment (43)
Individual Index
:
Listed Shares
:
195.833
18,592,888,040
8,738,657,378,800
94 | 8.74T | 0.18% | 85.28%

43 | 10.9T | 0.74% | 69.92%
COMPANY HISTORY
Established Date
: 22-May-1978
Listing Date
: 17-Jun-2013
Under Writer IPO :

Phone : (021) 478-81515 (Hunting)
Fax
: (021) 470-9697

1. PT Huddleston Indonesia
2. PT Prudential Life Assurance-Ref
3. Public (<5%)
10,425,274,040 :
1,204,632,600 :
6,962,981,400 :
Bonus
Cash
Year
2013
2014
Shares
Dividend
2.00
.00043027
Cum Date
30-Jun-14
06-Jul-15
Ex Date
01-Jul-14
07-Jul-15
Recording
Date
03-Jul-14
09-Jul-15
56.07%
6.48%
37.45%
Payment
F/I
Date
18-Jul-14 F
31-Jul-15 F
ISSUED HISTORY
1. Susyana Lukminto
2. Megawati
3. Sudjarwadi *)
No. Type of Listing

1. First Issue
2. Company Listing
Shares
5,600,000,000
12,992,888,040
Listing
Date
17-Jun-13
17-Jun-13
Trading
Date
17-Jun-13
17-Jun-13
BOARD OF DIRECTORS
1. Iwan Setiawan
2. Allan Moran Severino
3. Arief Halim
4. Eddy Prasetyo Salim
5. Iwan Kurniawan Lukminto
6. M. Nasir Tamara Tamimi
7. Phalguni Mukhopadyay
AUDIT COMMITTEE
1. Sudjarwadi
2. lda Bagus Oka Nila
3. Yose Rizal
CORPORATE SECRETARY
Welly Salam
HEAD OFFICE
Jln. K.H. Samanhudi 88
Jetis, Sukoharjo
Jawa Tengah
Phone : (0271) 593-188, 593-888, 593-488
Fax
: (0271) 593-488
Homepage
Email
: www.sritex.co.id
: welly.salam@sritex.co.id; welly_salam@yahoo.com
istanto@sritex.co.id
cmo@sritex.co.id
147
SRIL
Closing
Price*
Volume
(Mill. Sh)
480
3,200
420
2,800
360
2,400
300
2,000
240
1,600
180
1,200
120
800
60
400
Jun-13
Dec-13
Jun-14
Dec-14
Jun-15

Miscellaneous Industry Index
June 2013 - July 2015
100%
88.0%
80%
60%
40%
20%
-
0.6%
-7.1%
-20%
-40%
-60%
Jun 13
Dec 13
Jun 14
Dec 14
Jun 15
SHARES TRADED
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
7,913
1,980
41
131
12,586
2,389
313
242
35,039
9,945
786
142
330
196
245
245
303
120
163
163
497
148
470
470
14.71
13.91
1.96
8.58
14.44
1.19
44.45
19.85
2.70
Price (Rupiah)
High
Low
Close
Close*
PER (X)
PER Industry (X)
PBV (X)
148
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

June 2013 - July 2015
Month
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
High
290
240
330
305
290
275
275
Low
200
196
225
235
240
240
225
Close
240
240
275
245
265
250
245
(X)
4,338
2,927
9,513
7,534
5,520
5,281
5,400
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
303
296
291
230
219
210
186
178
167
173
182
172
230
241
182
186
190
173
150
152
127
120
140
151
296
257
222
190
204
179
157
152
129
167
172
163
9,644
15,670
48,617
43,182
21,379
11,540
14,895
22,042
35,591
22,637
36,199
31,612
905,583
948,067
2,164,168
734,908
803,788
309,003
484,811
784,219
1,391,467
1,145,391
1,935,546
979,420
240,642
249,258
482,506
149,198
164,944
59,782
81,768
127,886
195,194
168,265
311,164
158,637
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
180
166
270
279
350
349
497
149
148
152
229
271
269
304
155
153
229
271
339
303
470
26,148
28,613
167,822
112,951
114,262
104,878
231,373
1,994,729
2,051,613
8,131,661
7,701,622
3,327,174
2,929,507
8,903,014
315,639
319,408
1,742,646
1,977,162
1,073,958
934,877
3,580,929
21
19
22
21
19
21
19

3,348,240
805,220
410,603
89,744
1,311,972
351,578
872,011
227,117
606,148
161,184
713,199
185,761
651,303
159,427
10
23
17
21
21
20
19
SRIL
Book End : December
Public Accountant : Tanubrata Sutanto Fahmi & Rekan (Member of BDO International Limited)
Dec-13
Dec-14
Jun-15
74,440
1,014,831
1,240,842
Receivables
741,126
1,607,225
2,003,649
Inventories
1,458,638
1,362,611
2,065,598
Current Assets
2,342,148
4,005,530
5,371,567
Fixed Assets
3,047,672
4,011,821
4,378,629
51,636
53,969
BALANCE SHEET
Dec-11
Dec-12
Assets
15,982
Other Assets
5,590,982
Total Assets
8,691,096 10,328,345
55.45%
Growth (%)
6,750
4,500
2,250
-
2,232,337
751,756
665,639
1,039,045
5,041,546
6,216,246
Total Liabilities
3,271,382
5,793,302
6,881,885
77.09%
18.79%
Growth (%)
9,000
18.84%
Current Liabilities
Liabilities
11,250
2013
2014
Jun-15

Authorized Capital
5,000,000
5,000,000
5,000,000
Paid up Capital
1,859,289
1,859,289
1,859,289
18,593
18,593
18,593
100
100
100
333,784
945,521
1,295,507
2,319,599
2,897,795
3,446,461
24.93%
18.93%

Par Value
Retained Earnings
Total Equity
Growth (%)
INCOME STATEMENTS
Dec-11
Dec-12
Total Revenues
Dec-13
Dec-14
Jun-15
4,714,576
6,897,287
4,703,465
46.30%
Growth (%)
2,898
2,743
2,040
1,337
634
2013
3,696,164
5,374,885
3,719,900
Gross Profit
1,018,412
1,522,402
983,566
Expenses (Income)
350,516
348,920
291,454
Operating Profit
667,896
1,173,481
692,111
75.70%
2014
Jun-15

6,897
6,897
5,490
-205,071
-353,213
-228,337
Income before Tax
462,825
820,269
463,774
Tax
133,657
192,022
62,543
309,603
628,210
401,231
2,320
-69
Cost of Revenues
Growth (%)
3,446
3,446
4,715
4,703
4,083
2,676
102.91%
Growth (%)
1,269
Period Attributable
309,603
556,631
401,231
309,603
556,594
404,762
309,603
556,631
404,717
Dec-13
Dec-14
Jun-15
104.92
532.82
806.98
2.00
5.74
RATIOS
Current Ratio (%)
Dividend (Rp)
Dec-11
Dec-12
EPS (Rp)
16.65
29.94
21.58
BV (Rp)
124.76
155.86
185.36
DAR (X)
0.59
0.67
0.67
DER(X)
1.41
2.00
2.00
ROA (%)
5.54
7.23
3.88
ROE (%)
13.35
21.68
11.64
GPM (%)
21.60
22.07
20.91
OPM (%)
14.17
17.01
14.71
NPM (%)
6.57
9.11
8.53
12.01
19.18
0.82
3.52
Payout Ratio (%)

Yield (%)
-138
2013
2014
Jun-15

628
628
500
401
372
310
244
116
-13
2013
2014
Jun-15
149
COMPANY REPORT
SSMS
SAWIT SUMBERMAS SARANA TBK.
Company Profile
PTSawitSumbermasSaranaTbk.wasestablishedinJakartadatedNovember22,1995.The
scopeofCompanysactivitiesisagriculture,trade,andindustry.
The Company commenced its commercial operations in 2005. The company is primarily
involvedintheoperationsofoilpalmplantationsandapalmoilmillwhichproducescrude
palmoilandpalmkernelwithprocessingcapacitiesof90MToffreshfruitbunches(FFB)per
hour.OnApril12,2013,theCompanyhasstartedtheproductionofthesecondpalmoilmill
withprocessingcapacitiesof60MTperhour.Theoilpalmplantationandbothpalmoilmill
arelocatedinArutSelatan,KotawaringinBarat,CentralKalimantan.
AsofJune30th,2015,theCompanyanditssubsidiarieshave3,645permanentemployees.
TheCompanysownershipinterestsintheconsolidatedsubsidiaries,areasfollows:
PTKalimantanSawitAbadi,
PTMitraMendawaiSejati,
PTSawitMandiriLestari,
PTAhmadSaleh.
August 2015
Disclaimer:
150
SSMS Sawit Sumbermas Sarana Tbk. [S]
As of 31 July 2015
Main Board
Individual Index
:
Listed Shares
:
293.284
9,525,000,000
18,716,625,000,000
46 | 18.7T | 0.38% | 73.12%

11 | 25.8T | 1.75% | 36.75%
COMPANY HISTORY
Established Date
: 22-Nov-1995
Listing Date
: 12-Dec-2013
Under Writer IPO :
PT BNP Paribas Securities Indonesia
PT RHB OSK Securities Indonesia
PT Datindo Entrycom
Phone : (021) 570-9009
Fax
: (021) 570-9026
1. Bungaran Saragih
2. Marzuki Usman *)

1. PT Citra Borneo Indah
2. PT Mandiri Indah Lestari
3. PT Prima Sawit Borneo
4. PT Putra Borneo Agro Lestari
5. SSB Rua1 S/A Falcon Private Bank Ltd.- 2144606729
6. Jemmy Adriyanor
7. Public (<5%)
Bonus
Cash
Year
2014
Shares
Dividend
22.65
Cum Date
24-Apr-15
Ex Date
27-Apr-15
2,520,000,000
1,300,000,000
1,300,000,000
1,300,000,000
802,500,000
796,000,000
1,506,500,000
Recording
Date
29-Apr-15
:
:
:
:
:
:
:
26.46%
13.65%
13.65%
13.65%
8.43%
8.36%
15.82%
Payment
F/I
Date
21-May-15 F
ISSUED HISTORY
No. Type of Listing
1. First Issue
2. Company Listing
Shares
1,500,000,000
8,025,000,000
Listing
Date
12-Dec-13
12-Dec-13
Trading
Date
12-Dec-13
12-Dec-13
BOARD OF DIRECTORS
1. Rimbun Situmorang
2. Harry Mohammad Nadir
3. Ramzi Sastra
4. Vallauthan Subraminam
AUDIT COMMITTEE
1. Marzuki Usman
2. Wahyudi Susanto
3. Zulfitry Ramdan
CORPORATE SECRETARY
Hadi Susilo
HEAD OFFICE
Equity Tower 43th Fl., Suite 43 D, SCBD Lot. 9
Jln. Jend. Sudirman Kav. 52-53
Jakarta 12190
Phone : (021) 2903-5401
Fax
: (021) 2903-5405
Homepage
Email
: www.ssms.co.id
: hadi@ssms.co.id
corporate@ssms.co.id
151

Closing
Price*
Volume
(Mill. Sh)
2,400
1,600
2,100
1,400
1,800
1,200
1,500
1,000
1,200
800
900
600
600
400
300
200
Dec-13
Jun-14
Dec-14
Jun-15

Agriculture Index
December 2013 - July 2015
245%
210%
175%
172.9%
140%
105%
70%
35%
14.0%
-3.2%
-35%
Dec 13
Jun 14
Dec 14
Jun 15
SHARES TRADED
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
1,031
790
41
11
16,576
19,204
1,452
242
9,398
18,062
608
142
850
670
820
820
1,700
780
1,665
1,665
2,425
1,605
1,965
1,965
13.54
15.46
3.37
25.60
19.34
5.78
26.64
23.50
6.65
Price (Rupiah)
High
Low
Close
Close*
PER (X)
PER Industry (X)
PBV (X)
152
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Sawit Sumbermas Sarana Tbk. [S]
Month
Dec-13
High
850
Low
670
Close
820
(X)
40,829
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
940
1,000
1,105
1,215
1,330
1,305
1,290
1,360
1,450
1,285
1,490
1,700
780
795
970
1,035
1,185
1,230
1,130
1,245
1,255
970
1,105
1,430
840
995
1,035
1,200
1,245
1,245
1,265
1,305
1,265
1,245
1,460
1,665
90,546
124,186
151,752
124,281
109,941
138,806
96,713
95,927
191,666
132,232
121,970
73,625
1,525,166
1,968,412
2,801,526
1,499,197
1,336,469
853,528
850,674
994,842
1,626,852
1,118,780
1,046,976
953,444
1,313,401
1,819,170
2,882,007
1,678,780
1,694,579
1,084,394
1,029,194
1,280,910
2,252,941
1,343,498
1,364,530
1,460,547
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
1,735
2,005
2,040
2,185
2,425
2,350
2,035
1,605
1,635
1,950
1,855
1,895
1,755
1,830
1,650 106,690
1,985
96,459
1,990
90,903
1,900
81,703
2,350
74,128
1,845
74,060
1,965
84,049
964,382
880,303
1,051,135
1,050,938
1,594,465
1,405,027
2,452,024
1,624,413
1,547,313
2,095,972
2,146,096
3,350,131
2,645,755
4,652,566
21
19
22
21
19
21
19

1,031,455
790,493
11

Book End : December
Dec-12
Dec-13
Dec-14
Jun-15
416,254
929,469
157,297
1,409,005
Receivables
23,408
199,500
160,673
70,241
Inventories
99,053
45,809
67,667
126,537
Current Assets
545,163
1,957,546
2,300,594
2,182,626
Fixed Assets
651,905
593,891
596,197
1,733,966
BALANCE SHEET
Dec-11
Assets
Other Assets
Total Assets
3,750
86,850
250,512
241,486
148,405
3,701,917
4,032,885
6,203,276
75.15%
8.94%
53.82%
1,250
-
557,642
697,129
509,465
764,031
1,089,928
688,518
518,821
2,626,682
Total Liabilities
1,647,570
1,385,647
1,028,286
3,390,713
-15.90%
-25.79%
229.74%
1,500,000
3,210,000
3,210,000
3,200,000
412,500
952,500
952,500
952,500
4,125
9,525
9,525
9,525
100
100
100
100
6,619
443,443
1,113,039
1,292,044
466,041
2,316,270
3,004,600
2,812,562
397.01%
29.72%
-6.39%
Dec-12
Dec-13
Dec-14
Jun-15
1,880,275
1,962,435
2,180,673
1,302,800
4.37%
11.12%
Current Liabilities
5,000
2,113,611
Growth (%)
Growth (%)
Liabilities
6,250
2,500
2012
2013
2014
Jun-15

Authorized Capital
Paid up Capital
Par Value
Retained Earnings
Total Equity
Growth (%)
INCOME STATEMENTS
Dec-11
Total Revenues
Growth (%)
2,813
2,316
2,392
1,779
1,166
466
553
-60
2012
Cost of Revenues
891,088
949,458
1,027,885
634,316
Gross Profit
989,187
1,012,977
1,152,788
668,484
Expenses (Income)
113,249
74,648
219,724
124,262
Operating Profit
875,938
938,329
933,065
544,223
7.12%
-0.56%
-110,764
-84,910
53,824
-96,393
765,173
853,419
986,889
447,829
Tax
203,478
221,750
249,059
96,525
561,695
631,669
737,830
351,304
12.46%
16.81%
Growth (%)
3,005
3,005
2013
2014
Jun-15

2,181
2,181
1,880
1,962
1,736

Income before Tax
Growth (%)
1,303
1,291
846
401
Period Attributable
473,980
576,824
719,097
351,304
344,844
631,669
737,830
407,439
337,535
576,824
719,097
394,737
Dec-12
Dec-13
Dec-14
Jun-15
97.76
280.80
451.57
285.67
22.65
RATIOS
Current Ratio (%)
Dividend (Rp)
Dec-11
EPS (Rp)
114.90
60.56
75.50
36.88
BV (Rp)
112.98
243.18
315.44
295.28
DAR (X)
0.78
0.37
0.25
0.55
DER(X)
3.54
0.60
0.34
1.21
ROA (%)
26.58
17.06
18.30
5.66
ROE (%)
120.52
27.27
24.56
12.49
GPM (%)
52.61
51.62
52.86
51.31
OPM (%)
46.59
47.81
42.79
41.77
NPM (%)
29.87
32.19
33.83
26.97
Payout Ratio (%)
30.00
Yield (%)
1.36
-44
2012
2013
2014
Jun-15

738
738
632
562
587
351
437
286
136
-15
2012
2013
2014
Jun-15
153
OM
M PP A
AN
N YY RR EE PP O
O RR TT
CC O
TBIG
TOWER BERSAMA INFRASTRUCTURE TBK.
Company Profile
PTTowerBersamaInfrastructureTbk.(TBIG)wasestablisheddated8November2004.TBIG
is a provider of telecommunications infrastructure for the placement of BTS by
telecommunicationsoperatorsinIndonesia.TBIGispubliclylistedontheIndonesianStock
ExchangeandismajorityownedbySaratogaCapitalandProvidentCapital.
The business activities of the Company, among others are to carry on the business of
telecommunicationssupportservicesincludingleaseandmaintenanceofBaseTransceiver
Station (BTS), consultation service and conducting investment or participation to other
companies.TheCompanystarteditsbusinessactivitiesin2004.Currently,theCompany's
mainactivityisinvestinginsubsidiaries
As one of the leading independent tower companies in Indonesia, we are pleased to

announceourstrongfinancialandoperationalresultsfor2013.Weorganicallyadded2,985
telecommunication tenants to our existing portfolio, which includes 1,811
telecommunication towers. This demonstrates our unique capability to execute on large
ordersfromourtelecommunicationcustomers.
TheCompanythroughsubsidiarieshasdirectandindirectshareholdinggreaterthan50%in
thefollowingsubsidiaries:
PTTelenetInternusa,
PTUnitedTowerindoandsubsidiary,
PTTowerBersamaandsubsidiaries,
PTTowerOneandsubsidiary,
PTTriakaBersama,
PTMetricSolusiIntegrasiandsubsidiary,
PTSolusiMenaraIndonesia,
TBGGlobalPte.Ltd.andsubsidiary,and
PTMenaraBersamaTerpadu.
All subsidiaries are domiciled in Jakarta and their address is the same as the Companys
address,exceptforTBGGlobalPte.Ltd.,whichisdomiciledinSingapore.
On31June2015theCompanyandsubsidiariesemployed586staffs.
August 2015
Disclaimer:
154
TBIG Tower Bersama Infrastructure Tbk.
As of 31 July 2015
Main Board
Industry Sub Sector : Non Building Construction (75)
Individual Index
:
Listed Shares
:
413.580
4,796,526,199
40,170,906,916,625
22 | 40.2T | 0.81% | 60.44%

35 | 12.8T | 0.87% | 63.74%
COMPANY HISTORY
Established Date
: 08-Nov-2004
Listing Date
: 26-Oct-2010
Under Writer IPO :
PT UBS Securities Indonesia
PT Indo Premier Securities
PT Datindo Entrycom
Phone : (021) 570-9009
Fax
: (021) 570-9026

1. PT Wahana Anugerah Sejahtera
2. PT Provident Capital Indonesia
3. JPMCC-SPO Partners II LP
4. Public (<5%)
1,319,871,198
1,183,140,806
270,869,054
2,022,645,141
Bonus
Cash
Year
2010
2013
Shares
Dividend
25.00
60.00
Cum Date
10-Jun-11
18-Sep-13
Ex Date
13-Jun-11
19-Sep-13
Recording
Date
15-Jun-11
23-Sep-13
:
:
:
:
27.52%
24.67%
5.65%
42.17%
Payment
F/I
Date
28-Jun-11 F
03-Oct-13 I
ISSUED HISTORY
1. Edwin Soeryadjaya
2. Herry Tjahjana *)
3. Mustofa *)
4. Wahyuni Bahar *)
5. Winato Kartono
No.
1.
2.
3.
Type of Listing
First Issue
Company Listing
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 Andy
CORPORATE SECRETARY
Helmy Yusman Santoso
HEAD OFFICE
Barclays House Building, 6th Fl.
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)
10,000
560
8,750
490
7,500
420
6,250
350
5,000
280
3,750
210
2,500
140
1,250
70
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

315%
270%
235.0%
225%
180%
135%
90%
45%
28.8%
23.0%
-45%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
1,136
2,590
48
247
2,610
10,086
60
246
2,054
11,783
152
244
1,509
11,134
323
242
760
6,930
194
142
Price (Rupiah)
High
Low
Close
Close*
2,725
1,810
2,375
2,375
6,150
2,325
5,700
5,700
6,650
4,450
5,800
5,800
9,925
5,450
9,700
9,700
9,800
8,075
8,375
8,375
33.28
17.53
6.44
22.29
12.11
6.76
30.65
20.04
10.60
-605.00
10.01
10.37
21.89
PER (X)
11.09
PER Industry (X)
4.00
PBV (X)
156
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Tower Bersama Infrastructure Tbk.
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
2,725
2,450
2,475
2,475
2,425
2,450
2,500
2,275
2,300
2,075
2,400
2,400
Low
2,375
2,300
2,175
2,175
2,175
2,150
2,225
1,830
1,810
1,860
2,000
2,150
Close
2,425
2,350
2,225
2,425
2,225
2,375
2,225
2,200
2,000
2,075
2,125
2,375
(X)
9,179
4,100
4,010
8,810
3,011
3,502
2,386
3,396
3,506
2,169
2,192
1,611
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
6,500
6,400
6,300
6,550
7,675
8,150
8,425
8,975
8,500
8,900
9,600
9,925
5,450
5,900
5,950
6,000
6,250
7,275
7,575
7,525
7,750
7,275
8,600
9,225
6,200
6,250
6,000
6,500
7,675
8,050
8,300
7,875
8,000
8,900
9,425
9,700
15,844
15,184
21,353
18,543
23,273
24,458
27,935
49,485
48,615
36,163
19,278
22,809
78,490
50,094
342,321
82,766
105,396
81,865
75,908
89,868
175,440
166,436
216,488
44,148
481,002
302,873
2,002,123
512,340
723,323
632,943
601,985
732,040
1,430,263
1,376,488
1,915,170
423,075
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
9,800
9,550
9,650
9,700
9,625
9,625
9,050
9,200
8,400
9,050
8,075
8,400
8,450
8,275
9,500
9,275
9,475
8,475
9,425
9,225
8,375
21,572
27,789
28,788
32,275
35,247
28,746
19,237
75,856
116,548
61,723
153,096
225,446
65,152
62,427
722,206
1,036,455
571,884
1,382,786
2,082,208
594,063
540,280
21
19
22
21
19
21
19

94,332
237,684
85,574
36,123
50,779
114,563
245,263
568,530
484,010 1,083,414
48,712
111,124
39,317
93,454
63,922
29,944
39,860
84,945
20,555
41,196
26,421
57,531
21,057
48,186
21
18
23
20
21
20
21
19
20
21
22
21

Book End : December
Public Accountant : Tanubrata Sutanto Fahmi & Rekan (Member of BDO International Limited)
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
499,552
507,253
647,186
900,576
322,503
Receivables
159,200
166,615
637,105
560,783
673,474
Inventories
33,545
228,771
328,078
404,377
418,996
1,186,268
2,301,229
2,598,596
3,152,206
2,733,012
383,713
87,100
219,516
473,559
514,440
5,246
4,699
4,151
7,091
6,573
BALANCE SHEET
Current Assets
Fixed Assets
Other Assets
Total Assets
Assets
6,880,206 14,317,483 18,719,211 22,034,082 23,019,300
Growth (%)
Current Liabilities
869,746
14,250
9,500
30.74%
17.71%
4.47%
4,750
2,182,014
3,930,922
9,124,102
4,856,440
3,305,251
Total Liabilities
4,174,997 10,072,090 14,605,172 17,903,053 18,852,685
7,890,076 10,674,250
8,778,951 13,996,245
141.25%
45.01%
22.58%
5.30%
1,442,012
1,442,012
1,442,012
1,442,012
1,442,012
455,670
479,653
479,653
479,653
479,653
4,557
4,797
4,797
4,797
4,797
100
100
100
100
100
859,972
1,701,907
2,662,109
3,675,818
4,246,353
Growth (%)
19,000
108.10%
Liabilities
23,750
2011
2012
2013
2014
Jun-15

Authorized Capital
Paid up Capital
Par Value
Retained Earnings
Total Equity
2,705,209
Growth (%)
4,245,393
4,114,039
4,131,029
4,166,615
56.93%
-3.09%
0.41%
0.86%
INCOME STATEMENTS
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
Total Revenues
970,026
1,715,421
2,690,500
3,306,812
1,672,187
76.84%
56.84%
22.91%
Growth (%)
4,114
4,131
4,167
2012
2013
2014
Jun-15
3,379
2,705
2,513
1,647
781
-85
2011
Cost of Revenues
143,262
263,837
395,796
509,820
210,301
Gross Profit
826,764
1,451,584
2,294,704
2,796,992
1,461,886
Expenses (Income)
119,278
171,195
242,434
291,688
154,111
Operating Profit
707,486
1,280,389
2,052,270
2,505,304
1,307,775
80.98%
60.28%
22.07%
Growth (%)
4,245
4,245

3,307
3,307
2,691
2,632

Income before Tax
Tax
-194,538
-367,141
-874,894
-1,074,741
-701,973
512,948
913,248
1,177,376
1,430,563
605,802
20,600
-14,167
-174,148
58,459
7,815
492,348
927,415
1,351,524
1,372,104
597,987
88.37%
45.73%
1.52%
Growth (%)
1,715
1,958
1,283
1,672
970
608
Period Attributable
474,358
841,935
1,247,994
1,301,496
570,535
494,491
821,596
935,985
1,356,503
165,109
476,411
745,869
858,498
1,289,300
97,906
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
136.39
105.46
66.11
34.55
56.28
60.00
EPS (Rp)
104.10
175.53
260.19
271.34
118.95
BV (Rp)
593.68
885.10
857.71
861.25
868.67
DAR (X)
0.61
0.70
0.78
0.81
0.82
DER(X)
1.54
2.37
3.55
4.33
4.52
ROA (%)
7.16
6.48
7.22
6.23
2.60
ROE (%)
18.20
21.85
32.85
33.21
14.35
GPM (%)
85.23
84.62
85.29
84.58
87.42
OPM (%)
72.93
74.64
76.28
75.76
78.21
NPM (%)
50.76
54.06
50.23
41.49
35.76
Payout Ratio (%)
23.06
Yield (%)
1.03
Current Ratio (%)

Dividend (Rp)
-66
2011
2012
2013
2014
Jun-15

1,352
1,372
1,372
927
1,092
812
598
492
532
252
-27
2011
2012
2013
2014
Jun-15
157
COMPANY REPORT
TLKM
TELEKOMUNIKASI INDONESIA
(PERSERO) TBK.
Company Profile
We are a stateowned enterprise that operates in the telecommunications and network
servicessectorinIndonesia.Wearesubjecttotheprevailinglawsandregulationsinthis
country.Givenitsstatusasastateownedenterprisewhosesharesaretradedonthestock
market, the Government of the Republic of Indonesia is the Companys majority
shareholder,whiletheremaindoftheCompanyscommonstockisownedbythepublic.
TheCompanyssharesaretradedontheIndonesiaStockExchange(IDX)andtheNewYork
StockExchange(NYSE).
As stated in our Articles of Association, our business is to provide telecommunications
networks and telecommunications and information services, and to optimize the
Companys resources. To attain the aforementioned objectives, the Company may
undertakebusinessactivitiesthatincorporatethefollowing:
1.
MainBusiness
a.
To plan, build, deliver, develop, operate, marketor sell/lease, and maintain

telecommunications and information networksin the broadest sense with
respecttoprovisionsoflawsandregulations.
b.
Toplan,develop,deliver,marketorsellandimprovetelecommunicationsand
information servicesin the broadest sense with respect to provisions of laws
andregulations.
2.
SupportingBusiness
a.
To provide payment transaction and

telecommunicationsandinformationnetworks.
remittance
services
via
b.
To carry out activities and other undertakings in respect of optimizing the

Companysresources,amongotherstheutilizationoftheCompanysproperty,
plant and equipment and movable assets, information system facilities,
educationandtrainingfacilitiesandmaintenanceandrepairfacilities.
August 2015
Disclaimer:
158
TLKM Telekomunikasi Indonesia (Persero) Tbk. [S]
As of 31 July 2015
Main Board
Industry Sub Sector : Telecommunication (73)
1,545.051
Individual Index
:
Listed Shares
100,799,996,400
:
4 | 296.4T | 5.97% | 25.94%

2 | 71.0T | 4.82% | 11.16%
COMPANY HISTORY
Established Date
: 24-Sep-1991
Listing Date
: 14-Nov-1995
Under Writer IPO :
PT Makindo
PT Datindo Entrycom
Phone : (021) 570-9009
Fax
: (021) 570-9026
1. Hendri Saparini
2. Dolfie Othniel Fredric Palit
3. Hadiyanto
4. Margiyono Darsasumarja
5. Pamiyati Pamela Johana Waluyo *)
6. Parikesit Suprapto *)
7. Rinaldi Firmansyah *)
BOARD OF DIRECTORS
1. Alex Janangkih Sinaga
2. Abdus Somad Arief
3. Dian Rachmawan
4. Herdy Rosadi Harman
5. Heri Sunaryadi
6. Honesti Basyir
7. Indra Utoyo
8. Muhamad Awaluddin
AUDIT COMMITTEE
1. Rinaldi Firmansyah
2. Agus Yulianto
3. Dolfie Othniel Fredric Palit
4. Parikesit Suprapto
5. Tjatur Purwadi
CORPORATE SECRETARY
Andi Setiawan
HEAD OFFICE
Graha Merah Putih 5th Fl.
Jln. Gatot Subroto No. 52
Jakarta
Phone : (021) 521-5109
Fax
: (021) 522-0500
Homepage
Email

2. Public (<5%)
51,602,353,560 :
49,197,642,840 :
Bonus
Cash
Year
1995
1996
1997
1997
1998
1998
1998
1999
1999
2000
2000
2001
2002
2003
2004
2005
2005
2006
2006
2007
2007
2007
2008
2009
2009
2010
2010
2011
2012
2013
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
102.40
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
28-Apr-14
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
29-Apr-14
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
02-May-14
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
19-May-14
F/I
F
F
F
F
F
B
F
F
F
I
F
F
F
F
I
F
I
F
I
F
F
F
I
F
I
F
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
: andi.setiawan@telkom.co.id
159

TRADING ACTIVITIES
Volume
(Mill. Sh)
3,000
3,200
2,625
2,800
2,250
2,400
1,875
2,000
1,500
1,600
1,125
1,200
750
800
375
400
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

90%
83.8%
75%
60%
45%
30%
28.8%
23.0%
15%
-15%
-30%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
5,635
41,534
348
247
5,788
48,078
318
246
15,741
77,223
706
244
30,227
75,841
1,187
242
14,434
41,230
757
142
8,050
6,600
7,050
1,410
9,950
6,650
9,050
1,810
12,900
1,950
2,150
2,150
3,010
2,060
2,865
2,865
3,020
2,595
2,940
2,940
9.92
17.53
2.72
15.26
12.11
2.80
18.92
20.04
3.57
19.90
10.01
3.60
Price (Rupiah)
High
Low
Close
Close*
9.18
PER (X)
11.09
PER Industry (X)
2.33
PBV (X)
160
Closing Price
Freq.
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
8,050
7,850
7,550
7,850
7,800
7,750
7,400
7,900
7,900
7,750
7,650
7,500
Low
7,100
7,350
6,600
6,950
7,400
6,800
6,900
7,000
6,900
7,000
7,150
6,900
Close
7,550
7,450
7,350
7,700
7,700
7,350
7,350
7,250
7,600
7,400
7,350
7,050
(X)
43,651
18,451
45,513
32,395
17,375
29,350
21,068
32,676
32,016
33,231
20,061
21,893
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
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
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
2,275
2,420
2,340
2,380
2,700
2,550
2,710
2,800
3,010
2,930
2,830
2,890
2,060
2,170
2,130
2,150
2,275
2,405
2,465
2,590
2,675
2,680
2,590
2,725
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
2,930
3,020
2,995
2,910
2,895
2,955
2,950
2,780
2,800
2,770
2,595
2,620
2,800
2,800
Volume
Value

640,069 4,825,430
582,326 4,376,284
671,840 4,780,703
410,474 3,028,509
321,219 2,442,955
376,497 2,756,735
388,155 2,783,117
595,530 4,422,141
510,065 3,802,903
560,071 4,100,951
265,993 1,978,916
312,305 2,234,952
422,690
479,535
362,222
657,218
662,037
418,912
473,400
440,719
367,817
560,211
426,698
516,125
Day
Closing
Price*

Telekomunikasi Indonesia (Persero) Tbk. [S]
21
18
23
20
21
20
21
19
20
21
22
21
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
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
2,275
2,325
2,215
2,265
2,575
2,465
2,650
2,665
2,915
2,750
2,825
2,865
73,661
89,854
138,480
92,955
85,833
85,531
86,242
105,961
103,021
136,701
95,257
93,946
2,046,978 4,477,865
2,341,555 5,388,836
3,078,227 6,852,057
2,509,934 5,764,026
2,521,242 6,220,057
5,009,842 12,180,200
2,002,276 5,218,503
2,532,990 6,865,678
2,088,870 5,878,718
2,888,270 8,092,823
1,713,846 4,692,945
1,493,266 4,209,293
20
20
20
20
18
21
18
20
22
23
20
20
2,830
2,935
2,890
2,615
2,845
2,930
2,940
89,423
110,113
119,901
117,916
108,012
109,106
102,810
1,809,529
2,270,639
2,438,708
2,712,082
2,139,833
1,540,444
1,522,353
21
19
22
21
19
21
19
5,148,840
6,527,476
7,127,764
7,596,492
6,010,790
4,431,918
4,386,763

Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
Assets
9,634,000 13,118,000 14,696,000 17,672,000 24,286,000
Receivables
5,250,000
5,409,000
6,421,000
6,848,000
8,718,000
Inventories
758,000
579,000
509,000
474,000
583,000
Current Assets
21,258,000 27,973,000 33,075,000 33,762,000 42,856,000
Fixed Assets
74,897,000 77,047,000 86,761,000 94,809,000 98,324,000
Other Assets
Total Assets
12,000
103,054,000 111,369,000 127,951,000 140,895,000 154,050,000
8.07%
65,000
Current Liabilities
22,189,000 24,107,000 28,437,000 31,786,000 34,380,000

19,884,000 20,284,000 22,090,000 22,984,000 37,405,000

Total Liabilities
42,073,000 44,391,000 50,527,000 54,770,000 71,785,000
5.51%
13.82%
10.12%
97,500
32,500
Growth (%)
14.89%
130,000
9.34%
Growth (%)
8.40%
Liabilities
162,500
2011
2012
2013
2014
Jun-15
31.07%
Authorized Capital
Paid up Capital
Par Value
20,000,000 20,000,000 20,000,000 20,000,000 20,000,000

5,040,000
5,040,000
5,040,000
5,040,000
5,040,000
20,160
20,160
100,800
100,800
100,800
250
250
50
50
50
Retained Earnings
47,054,000 52,777,000 58,628,000 63,323,000 61,997,000
Total Equity
60,981,000 66,978,000 77,424,000 86,125,000 82,265,000
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
9.83%
15.60%
11.24%
-4.48%
Dec-12
Dec-13
Dec-14
Jun-15
7.27%
7.55%
8.11%
60,981
66,978
50,986
33,417
15,847
-1,723
2011
Cost of Revenues
Gross Profit
Operating Profit
68,556
82,265
71,918,000 77,143,000 82,967,000 89,696,000 48,840,000
Growth (%)
Expenses (Income)
86,125
77,424
86,125
2012
- 25,698,000 27,846,000 29,377,000 15,123,000
8.36%
5.50%
2014
Jun-15
49,970,000 51,445,000 55,121,000 60,319,000 33,717,000
Growth (%)
2013
89,696
71,918
77,143
82,967
89,696
71,398
-1,091,000
Income before Tax
20,857,000 24,228,000 27,149,000 28,784,000 14,720,000
Tax
5,387,000
-1,470,000
-5,866,000
-697,000
6,859,000
-593,000
7,338,000
-403,000
15,470,000 18,362,000 20,290,000 21,446,000 10,979,000
18.69%
Growth (%)
10.50%
48,840
53,100
3,741,000
34,802
5.70%
16,504
Period Attributable
10,965,000 12,850,000 14,205,000 14,638,000
15,481,000 18,388,000 20,402,000 21,471,000 11,045,000
10,976,000 12,876,000 14,317,000 14,663,000
RATIOS
Current Ratio (%)
Dividend (Rp)
7,447,000
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
95.80
116.04
116.31
106.22
124.65
371.05
436.10
102.40
543.90
637.40
140.92
145.22
73.88
3,024.85
3,322.32
768.10
854.41
816.12
DAR (X)
0.41
0.40
0.39
0.39
0.47
DER(X)
0.69
0.66
0.65
0.64
0.87
ROA (%)
15.01
16.49
15.86
15.22
7.13
ROE (%)
25.37
27.41
26.21
24.90
13.35
GPM (%)
OPM (%)
33.31
33.56
32.75
30.96
NPM (%)
21.51
23.80
24.46
23.91
22.48
Payout Ratio (%)
68.22
68.42
72.66
5.26
4.82
4.76
Yield (%)
2011
2012
2013
2014
Jun-15
7,513,000
BV (Rp)
EPS (Rp)
-1,794

20,290
21,446
21,446
18,362
17,071
15,470
10,979
12,696
8,321
3,946
-429
2011
2012
2013
2014
Jun-15
161
COMPANY REPORT
UNTR
UNITED TRACTORS TBK.
Company Profile
PTUnitedTractorsTbk.wasestablishedonOctober13th,1972,underthenameofPTInter
Astra Motor Works, as heavy equipment distributor in Indonesia. The Company
commencedcommercialoperationsin1973.
The principal activities of the Company and its subsidiaries include sales and rental of
heavyequipment(Constructionmachineries)andrelatedaftersalesservices,coalmining
and mining contracting. Included in mining contracting is integrated mining contracting
service.
TheCompanyiscontrolledbyitsimmediateparentcompanyPTAstraInternationalTbk,a
company incorporated in Indonesia. PT Astra International Tbk's largest shareholder is
Jardine Cycle & Carriage Ltd, a company incorporated in Singapore. Jardine Cycle &
CarriageLtdisasubsidiaryofJardineMathesonHoldingsLtd,acompanyincorporatedin
Bermuda.
The Company is domiciled in Jakarta with 20 branches, 21 site offices and 10

representativeofficesthroughoutIndonesia.
Thecompanyhasdirectownershipindomesticandforeignsubsidiaries:
PTPamapersadaNusantara,
PTUnitedTractorsPanduEngineering,
PTKaryaSupraPerkasa,
PTAndalanMultiKencana,
PTBinaPertiwi,
UTHeavyIndustry(S)Pte.Ltd.,
PTUniversalTeknoReksajaya,
PTTambangSupraPerkasa.
Asof30June2015,theGrouphadapproximately27,424employees.
August 2015
Disclaimer:
162
UNTR United Tractors Tbk. [S]
As of 31 July 2015
Main Board
Industry Sub Sector : Wholesale (Durable & Non-Durable Goods) (91)
Individual Index
:
Listed Shares
:
24,045.615
3,730,135,136
75,348,729,747,200
12 | 75.3T | 1.52% | 49.54%

16 | 20.4T | 1.39% | 44.37%
COMPANY HISTORY
Established Date
: 13-Oct-1972
Listing Date
: 19-Sep-1989
Under Writer IPO :
PT Aseam Indonesia
PT (Persero) Danareksa
PT Finconesia
Phone : (021) 252-5666
Fax
: (021) 252-5028
1. Prijono Sugiarto
2. Anugerah Pekerti *)
3. David Alexander Newbigging
4. Djoko Pranoto Santoso
5. Nanan Sukarna *)
6. Simon Collier Dixon
BOARD OF DIRECTORS
1. Gidion Hasan
2. Edhie Sarwono
3. Idot Supriadi
4. Iman Nurwahyu
5. Iwan Hadiantoro
6. Loudy Irwanto Ellias
AUDIT COMMITTEE
1. Anugerah Pekerti
2. Lindawati Halim
3. Wiltarsa Halim
CORPORATE SECRETARY
Sara K. Loebis
HEAD OFFICE
Jln. Raya Bekasi Km. 22
Jakarta - 13910
Phone : (021) 460-5959 - 79
Fax
: (021) 460-0655, 460-0677
Homepage
Email
: www.unitedtractors.com
: sarakl@unitedtractors.com
ir@unitedtractors.com

1. PT Astra International Tbk.
2. Public (<5%)
2,219,317,358 :
1,510,817,778 :
Bonus
Cash
Year
1989
1990
1990
1990
1991
1991
1992
1992
1993
1993
1993
1994
1994
1995
1995
1996
1996
1999
2004
2005
2005
2006
2006
2007
2007
2008
2008
2009
2010
2010
2011
2011
2012
2012
2013
2013
2014
2014
Shares
Dividend
100.00
165.00
175.00
185.00
175.00
175.00
70.00
160.00
100.00
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
515.00
195.00
740.00
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
14-May-14
09-Oct-14
28-Apr-15
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
20-May-14
14-Oct-14
04-May-15
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
16-May-14
10-Oct-14
29-Apr-15
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
05-Jun-14
28-Oct-14
22-May-15
F/I
I
I
F
I
F
I
F
I
B
F
I
F
I
F
I
F
B
I
F
I
F
I
F
I
F
F
I
F
I
F
I
F
I
F
I
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
Type of Listing
First Issue
Partial Listing
Right Issue
Company Listing
Bonus Shares
Stock Split
ESOP Conversion
ESOP Conversion II
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:
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
:
:
:
:
:
:
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

Closing
Price*
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-11
Jan-12
Jan-13
Jan-14
Jan-15

120%
100%
95.8%
80%
60%
40%
28.8%
20%
-13.5%
-20%
-40%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
1,394
32,339
338
247
1,711
39,788
446
246
1,120
20,486
330
244
1,005
20,168
672
242
499
10,246
411
142
Price (Rupiah)
High
Low
Close
Close*
27,750
18,700
26,350
26,350
33,400
16,600
19,700
19,700
22,000
13,650
19,000
19,000
25,350
16,425
17,350
17,350
24,000
16,850
20,200
20,200
12.54
19.08
2.27
14.66
15.42
1.99
10.17
22.13
1.68
11.06
16.33
1.85
16.76
PER (X)
16.89
PER Industry (X)
3.57
PBV (X)
164
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

United Tractors Tbk. [S]
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
26,600
23,600
24,550
23,500
24,550
25,000
27,750
27,650
25,300
25,750
26,950
26,500
Low
19,800
21,300
19,900
21,300
21,550
22,500
24,350
22,000
18,700
18,950
23,000
23,900
Close
21,350
23,200
21,700
23,250
23,000
24,900
27,300
23,600
22,000
24,600
23,350
26,350
(X)
35,213
20,039
38,544
22,269
22,746
17,639
22,369
29,111
42,163
32,974
30,291
24,597
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
21,200
19,300
20,950
22,100
22,500
23,200
25,350
24,500
22,500
20,575
19,350
18,275
18,500
17,725
18,600
19,850
20,750
21,700
22,250
22,050
19,825
16,700
17,700
16,425
19,300
18,975
20,750
21,700
21,675
23,100
22,900
22,150
19,900
18,375
18,325
17,350
45,472
52,632
47,174
49,419
45,767
38,741
46,771
64,706
69,814
83,741
70,373
57,332
60,972
90,170
79,381
83,360
62,208
50,682
55,653
77,392
87,634
156,783
113,167
87,212
1,184,893
1,659,792
1,582,790
1,769,643
1,366,231
1,149,000
1,307,864
1,807,628
1,850,874
2,831,116
2,106,631
1,551,160
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
18,275
21,025
22,350
23,400
24,000
22,325
20,600
16,850
17,525
20,300
20,475
20,300
18,875
17,850
17,900
20,750
21,800
21,400
20,300
20,375
20,200
52,951
50,302
71,498
53,700
62,249
62,456
57,869
63,591
82,703
93,856
82,243
66,582
63,471
46,188
1,113,496
1,569,832
2,010,940
1,859,237
1,499,440
1,313,939
878,654
21
19
22
21
19
21
19

184,338 4,118,210
86,752 1,962,451
156,803 3,481,506
94,830 2,115,683
107,066 2,428,895
107,180 2,491,370
107,048 2,717,984
116,704 2,870,942
133,920 2,952,558
114,092 2,584,136
106,637 2,656,512
78,359 1,958,313
21
18
23
20
21
20
21
19
20
21
22
21

Book End : December
Dec-11
Dec-12
7,135,386
3,995,265
Receivables
9,969,714
9,894,656 11,814,937 13,586,675 13,388,106
Inventories
7,129,459
7,173,704
BALANCE SHEET
Dec-13
Dec-14
Jun-15
Assets
7,935,870 10,059,803 11,014,800

6,176,470
7,770,086
7,647,606
Current Assets
25,625,578 22,048,115 27,814,126 33,579,799 35,380,912
Fixed Assets
13,670,208 15,196,476 14,574,384 13,625,012 13,576,211
Other Assets
Total Assets
8.31%

Total Liabilities
30,000
14,930,069 11,327,164 14,560,664 16,297,816 17,727,909
6,672,912
7,152,682
5.11%
45,000
15,000
4,006,045
14.04%
60,000
5.85%
Growth (%)
Current Liabilities
46,440,062 50,300,633 57,362,244 60,292,031 63,820,048
5,417,481
Liabilities
75,000
5,395,519
2011
2012
2013
2014
Jun-15
18,936,114 18,000,076 21,713,346 21,715,297 23,123,428
-4.94%
20.63%
0.01%
6.48%
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
932,534
932,534
932,534
932,534
932,534
3,730
3,730
3,730
3,730
3,730
250
250
250
250
250
Growth (%)

Authorized Capital
Paid up Capital
Par Value
Retained Earnings
15,342,706 18,382,728 21,062,159 24,420,272 25,743,975
Total Equity
27,503,948 32,300,557 35,648,898 38,576,734 40,696,620
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
17.44%
10.37%
8.21%
5.50%
Dec-12
Dec-13
Dec-14
Jun-15
1.64%
-8.83%
4.17%
38,577
40,697
27,504
24,092
15,790
7,488
-814
2011
Cost of Revenues
44,859,041 45,432,916 41,495,567 41,071,359 19,291,042
Gross Profit
10,193,521 10,520,999
Operating Profit
32,301
32,395
35,649
55,052,562 55,953,915 51,012,385 53,141,768 24,949,226
Growth (%)
Expenses (Income)
40,697
9,516,818 12,070,409
5,658,184
2,408,944
3,074,244
2,929,481
5,448,551
1,116,426
2012
2014
Jun-15

55,053
55,954
51,012
55,954
Growth (%)
2013
53,142
44,539
Income before Tax
7,784,577
7,446,755
6,587,337
6,621,858
4,541,758
Tax
1,885,071
1,693,413
1,788,559
1,781,888
1,145,169
5,899,506
5,753,342
4,798,778
4,839,970
3,396,589
-2.48%
-16.59%
0.86%
Growth (%)
33,125
24,949
21,710
10,296
Period Attributable
5,900,908
5,779,675
4,833,699
5,369,621
3,406,086
5,863,471
5,860,188
6,254,474
4,923,458
3,798,606
5,858,137
5,777,296
6,065,925
5,435,880
3,744,439
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
Current Ratio (%)
171.64
194.65
191.02
206.04
199.58
Dividend (Rp)
820.00
830.00
690.00
935.00
EPS (Rp)
1,581.96
1,549.45
1,295.85
1,439.52
913.13
BV (Rp)
7,373.45
8,659.35
9,557.00
10,341.91
10,910.23
DAR (X)
0.41
0.36
0.38
0.36
0.36
DER(X)
0.69
0.56
0.61
0.56
0.57
ROA (%)
12.70
11.44
8.37
8.03
5.32
ROE (%)
21.45
17.81
13.46
12.55
8.35
GPM (%)
18.52
18.80
18.66
22.71
22.68
OPM (%)
NPM (%)
10.72
10.28
9.41
9.11
13.61
Payout Ratio (%)
51.83
53.57
53.25
64.95
3.11
4.21
3.63
5.39
RATIOS
Yield (%)
-1,119
2011
2012
2013
2014
Jun-15

5,900
5,753
5,900
4,799
4,840
4,696
3,397
3,493
2,289
1,086
-118
2011
2012
2013
2014
Jun-15
165
CC O
OM
M PP A
AN
N YY RR EE PP O
O RR TT
UNVR
UNILEVER INDONESIA TBK.
Company Profile
PTUnileverIndonesiaTbk.wasestablishedonDecember5th,1933.UnileverIndonesiahas
growntobealeadingcompanyofHomeandPersonalCareaswellasFoodsandIceCream
productsinIndonesia.
The Company is engaged in the manufacturing, marketing and distribution of consumer

goods including soaps, detergents, margarine, dairy based foods, ice cream, cosmetic
products,teabasedbeveragesandfruitjuice.TheCompanycommenceditscommercial
operationsin1933.
Unilever Indonesias portfolio includes many of the worlds best known and wellloved
brands,suchas:
Sunlight
Axe
Lifebuoy
SuperPell
Bango
Lipton
Surf
BlueBand
Lux
UnileverFoodSolutions
Brylcreem
Molto
Vaseline
Buavita
Pond's
Vixal
Cif
Rexona
Wall'sTasteJoy
Citra
Rinso
WipolKarbol
Clear
Royco
Sariwangi
WipolUltraProtection
CloseUp
She
Zwitsal
Domestos
Dove
The Companys majority shareholder as at 30 June 2015 and 2014 is Unilever Indonesia
HoldingB.V.("UIH"),whileitsultimateparententityisUnileverN.V.,Netherlands.
Asat21January2015,PTAnugrahLeverhasbeenliquidated.TheCompanysfactoriesare
locatedatJln.Jababeka9BlokD,Jln.JababekaRayaBlokO,Jln.JababekaVBlokVNo.14
16,JababekaIndustrialEstateCikarang,Bekasi,WestJava,andJln.RungkutIndustriIVNo.
511,RungkutIndustrialEstate,Surabaya.
August 2015
Disclaimer:
166
UNVR Unilever Indonesia Tbk. [S]
As of 31 July 2015
Main Board
Industry Sub Sector : Cosmetics And Household (54)
204,781.652
Individual Index
:
Listed Shares
7,630,000,000
:
3 | 305.2T | 6.15% | 19.97%

19 | 16.5T | 1.12% | 47.93%
COMPANY HISTORY
Established Date
: 05-Dec-1933
Listing Date
: 11-Jan-1982
Under Writer IPO :
PT Aseam Indonesia
PT Danareksa
Phone : (021) 527-7966
Fax
: (021) 527-7967
1. Maurits Daniel Rudolf Lalisang
2. Bambang Subianto *)
3. Cyrillus Harinowo *)
4. Erry Firmansyah *)
5. Hikmahanto Juwana *)
BOARD OF DIRECTORS
1. Hemant Bakshi
2. Ainul Yaqin
3. Annemarieke Edwardine Eva de Haan
4. Debora Herawati Sadrach
5. Enny Hartati
6. Hadrianus Setiawan
7. Ramakrishnan Raghuraman
8. Sancoyo Antarikso
9. Tevilyan
AUDIT COMMITTEE
1. Erry Firmansyah
2. Benny Redjo Setyono
3. Muhammad Saleh

1. Unilever Indonesia Holding BV
2. Public (<5%)
6,484,877,500 :
1,145,122,500 :
Bonus
Cash
Year
1989
1990
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2009
2010
2010
2011
2011
2012
2012
2013
2013
2014
Shares
6:1
Dividend
600.00
690.00
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
900.00
130.00
130.00
260.00
205.00
257.00
315.00
100.00
299.00
100.00
344.00
250.00
296.00
300.00
334.00
330.00
371.00
336.00
Cum Date
from
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
26-Jun-14
02-Dec-14
Ex Date
27-Oct-89
23-Oct-90
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
11-Feb-03
17-Feb-04
02-Dec-04
08-Jul-05
29-Nov-06
28-Nov-07
26-Nov-08
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
27-Jun-14
03-Dec-14
Recording
Date
until
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
01-Jul-14
05-Dec-14
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-Aug-03
03-Aug-04
24-Mar-05
11-Jul-06
11-Jul-07
11-Jul-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
15-Jul-14
12-Dec-14
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&F
I&F
I&F
I&F
I&F
I
F
I
F
I
F
I
F
I
F
I
ISSUED HISTORY
CORPORATE SECRETARY
Sancoyo Antarikso
HEAD OFFICE
Graha Unilever
Jln. Jend. Gatot Subroto Kav. 15
Jakarta - 12930
Phone : (021) 526-2112, 5299-6468, 5299-6847
Fax
: (021) 526-4020
Homepage
Email
No.
1.
2.
3.
4.
5.
6.
Type of Listing
First Issue
Bonus Shares
Bonus Shares
Company Listing
Stock Split
Stock Split
Shares
9,200,000
1,533,334
717,891
64,848,775
686,700,000
6,867,000,000
Listing
Date
11-Jan-82
15-Dec-89
22-Sep-93
02-Jan-98
06-Nov-00
03-Sep-03
Trading
Date
11-Jan-82
15-Dec-89
22-Sep-93
02-Jan-98
06-Nov-00
03-Sep-03
: www.unilever.com; www.unilever.co.id
: unvr.indonesia@unilever.com
167

Closing
Price*
Volume
(Mill. Sh)
46,000
40.0
40,250
35.0
34,500
30.0
28,750
25.0
23,000
20.0
17,250
15.0
11,500
10.0
5,750
5.0
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15

210%
180%
150%
149.2%
120%
100.6%
90%
60%
30%
-30%
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
557
8,847
175
247
552
12,558
225
246
608
16,506
285
244
435
13,031
453
242
300
11,765
348
142
19,000
13,800
18,800
18,800
28,500
17,500
20,850
20,850
37,350
20,900
26,000
26,000
33,000
25,800
32,300
32,300
46,000
32,100
40,000
40,000
32.87
19.75
40.09
37.06
15.98
46.63
45.65
24.22
45.03
52.07
14.32
67.78
Price (Rupiah)
High
Low
Close
Close*
34.45
PER (X)
16.22
PER Industry (X)
38.97
PBV (X)
168
Freq.
Volume
Value
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
16,650
16,200
16,950
15,650
15,300
15,350
15,900
17,400
17,750
16,500
18,400
19,000
Low
13,800
14,100
15,250
14,900
14,650
14,600
14,700
15,000
14,000
15,250
15,450
17,100
Close
15,050
16,200
15,300
15,300
14,700
14,900
15,600
16,900
16,500
15,650
18,200
18,800
(X)
16,428
11,599
15,300
17,329
10,563
9,679
12,108
20,492
17,471
17,533
12,590
13,898
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
28,775
28,650
31,350
30,975
30,850
30,550
33,000
32,100
32,100
32,200
32,000
32,300
25,800
27,525
27,525
28,500
28,800
29,200
29,250
29,500
31,025
29,625
29,700
30,525
28,550
28,575
29,250
29,250
29,125
29,275
30,750
31,025
31,800
30,400
31,800
32,300
44,445
35,716
47,590
46,776
31,684
35,479
39,880
32,144
29,938
45,092
30,080
33,887
49,313
35,118
47,568
36,990
34,883
39,009
40,817
24,671
22,402
42,228
28,440
33,894
1,352,166
990,814
1,377,944
1,102,426
1,051,523
1,161,481
1,262,274
774,229
708,602
1,308,739
877,909
1,063,175
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
36,275
37,000
40,500
44,500
46,000
43,700
41,375
32,100
34,850
35,750
37,675
42,150
39,300
38,100
35,825
36,000
39,650
42,600
43,300
39,500
40,000
35,934
40,106
50,052
63,276
46,562
64,240
48,134
40,100
34,539
51,654
53,485
41,628
45,770
32,657
1,368,300
1,238,699
1,975,029
2,155,514
1,831,169
1,889,850
1,306,892
21
19
22
21
19
21
19

48,440
732,617
27,234
412,351
59,981
967,698
57,709
878,710
43,392
648,620
28,109
419,148
41,466
628,166
63,871 1,043,194
46,683
763,768
897,769
56,126
43,802
722,503
732,748
40,609
21
18
23
20
21
20
21
19
20
21
22
21
28.8%
Jan 11
Closing Price
Day
TRADING ACTIVITIES

Unilever Indonesia Tbk. [S]

Book End : December

BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
336,143
229,690
261,202
859,127
1,471,604
Assets
Receivables
2,188,280
2,261,941
3,279,694
3,052,260
4,401,986
Inventories
1,812,821
2,061,899
2,084,331
2,325,989
2,179,617
Current Assets
4,446,219
5,035,962
5,862,939
6,337,170
8,189,284
Fixed Assets
5,314,311
6,283,479
6,874,177
7,348,025
7,691,548
75,705
70,456
69,271
81,310
101,791
Other Assets
Total Assets
10,482,312 11,984,979
Growth (%)
14.34%
-37.54%
6,474,594
7,535,896
8,419,442
326,781
480,718
674,076
6,801,375
8,016,614
9,093,518
17.87%
13.43%
6.47%
23.77%
Current Liabilities
Total Liabilities
Growth (%)
7,485,249 14,280,670 16,486,178
90.78%
14,000
10,500
7,000
15.44%
3,500
8,864,832 11,203,904
817,056
Liabilities
17,500
779,200
2011
2012
2013
2014
Jun-15
9,681,888 11,983,104
Authorized Capital
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

Par Value
Retained Earnings
3,504,268
4,933,326
4,082,370
4,426,482
4,387,543
Total Equity
3,680,937
3,968,365
4,254,670
4,598,782
4,503,074
7.81%
7.21%
8.09%
-2.08%
Dec-12
Dec-13
Dec-14
Jun-15
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
16.34%
12.65%
12.21%
4,599
4,503
2014
Jun-15
3,661
2,722
1,784
846
2011
11,462,805 13,414,122 14,978,947 17,412,413
Gross Profit
12,006,413 13,889,126 15,778,488 17,099,121
9,529,428
7,391,019
8,614,043
9,336,793
5,580,646
6,498,107
7,164,445
7,762,328
3,948,782
10.25%
8.35%
2013

34,512
30,757
34,512
27,303
27,471
-31,342
-5,637
-85,606
-28,016
Income before Tax
5,574,799
6,466,765
7,158,808
7,676,722
3,920,766
Tax
1,410,495
1,627,620
1,806,183
1,938,199
990,126
4,164,304
4,839,145
5,352,625
5,738,523
2,930,640
16.21%
10.61%
7.21%
Growth (%)
2012
9,272,118
6,431,614
Growth (%)
4,255
-92
Cost of Revenues
Operating Profit
3,681
3,968
23,469,218 27,303,248 30,757,435 34,511,534 18,801,546
Growth (%)
Expenses (Income)
4,599
23,469
18,802
20,431
13,390
6,350
Period Attributable
4,163,369
4,839,277
5,352,625
5,738,523
2,930,640
4,164,304
4,839,145
5,352,625
5,738,523
2,930,640
4,163,369
4,839,277
5,352,625
5,738,523
2,930,640
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
68.67
66.83
69.64
71.49
73.09
546.00
634.00
701.00
336.00
EPS (Rp)
545.66
634.24
701.52
752.10
384.09
BV (Rp)
482.43
520.10
557.62
602.72
590.18
DAR (X)
0.65
0.67
1.21
0.68
0.73
DER(X)
1.85
2.02
2.14
2.11
2.66
RATIOS
Current Ratio (%)
Dividend (Rp)
ROA (%)
39.73
40.38
71.51
40.18
17.78
ROE (%)
113.13
121.94
125.81
124.78
65.08
GPM (%)
51.16
50.87
51.30
49.55
50.68
OPM (%)
23.80
23.29
22.49
21.00
NPM (%)
17.74
17.72
17.40
16.63
15.59
100.06
99.96
99.93
44.67
2.90
3.04
2.70
1.04
Payout Ratio (%)

Yield (%)
-690
2011
2012
2013
2014
Jun-15

5,353
5,739
5,739
4,839
4,568
4,164
2,931
3,397
2,227
1,056
-115
2011
2012
2013
2014
Jun-15
169
CC O
OM
M PP A
AN
N YY RR EE PP O
O RR TT
WIKA
WIJAYA KARYA (PERSERO) TBK.
Company Profile
PTWijayaKarya(Persero)Tbk.establisheddated29March1960.
The purpose and objectives of the Company is to engage in the construction industry,
manufacturing industry, conversion industry, rental, agency services, investment, agro
industry, renewable energy and conversion energy , trading, engineering, procurement,
construction,area(industrialzone)management,servicecapacityupgradesinthefieldof
construction,informationtechnologyforengineeringandplanningservices,byapplyingthe
principlesoflimitedliabilitycompanies.
The Company is domiciled at Jln. D.I. Panjaitan Kav. 9, Jakarta. The main activities
throughoutIndonesiaandoverseas.TheCompanystarteditsactivitiescommerciallyin1961.
TheCompanydirectlyownedmorethan50%sharesonsubsidiariesasfollows:
PTWijayaKaryaBeton,
PTWijayaKaryaRealty,
PTWijayaKaryaIndustridanKonstruksi,
PTWijayaKaryaRekayasaKonstruksi,
PTWijayaKaryaBangunanGedung,
PTWijayaKaryaBitumen.
TheentiresubsidiariesaredomiciledinIndonesia.NumberofEmployeesoftheCompany
onJune30th,2015are1,930employes.
August 2015
Disclaimer:
170
WIKA Wijaya Karya (Persero) Tbk. [S]

Main Board
As of 31 July 2015
Individual Index
:
Listed Shares
:
632.143
6,149,225,000
16,326,192,375,000
52 | 16.3T | 0.33% | 75.24%

31 | 13.7T | 0.93% | 60.17%
COMPANY HISTORY
Established Date
: 11-Mar-1960
Listing Date
: 29-Oct-2007
Under Writer IPO :
PT CIMB-GK Securities Indonesia
PT Indo Premier Securities
PT Datindo Entrycom
Phone : (021) 570-9009
Fax
: (021) 570-9026
1. Bakti Santoso Ludin
2. Abdul Rahman Pelu
3. Freddy R. Saragih
4. Liliek Mayasari
5. Mas Aan Ubudiah *)
6. Mudjiadi
7. Nurrachman *)
BOARD OF DIRECTORS
1. Bintang Perbowo
2. Adji Firmantoro
3. Bambang Pramujo
4. Budi Harto
5. Destiawan Soewardjono
6. Gandira Gutawa Sumapraja
7. Yusmar Anggadinata

2. Public (<5%)
4,000,000,000 :
2,149,225,000 :
Bonus
Cash
Year
2007
2008
2009
2010
2011
2012
2013
2014
Shares
Dividend
5.97
8.03
10.02
17.08
17.28
22.32
27.82
20.03
Cum Date
06-Jun-08
18-Jun-09
27-May-10
06-Jun-11
23-May-12
29-May-13
28-Apr-14
29-Apr-15
Recording
Date
11-Jun-08
23-Jun-09
02-Jun-10
09-Jun-11
28-May-12
03-Jun-13
02-May-14
05-May-15
Ex Date
09-Jun-08
19-Jun-09
31-May-10
07-Jun-11
24-May-12
30-May-13
29-Apr-14
30-Apr-15
65.05%
34.95%
Payment
Date
25-Jun-08
07-Jul-09
16-Jun-10
23-Jun-11
11-Jun-12
14-Jun-13
13-May-14
22-May-15
F
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
9,974,000
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
01-Jul-14
30-Dec-13
AUDIT COMMITTEE
1. Bakti Santoso Luddin
2. Arzul Andaliza
3. Fahrul Ismaeni
4. Indracahya Kusumasubrata
5. M. Sjukrul Amien
CORPORATE SECRETARY
Suradi
HEAD OFFICE
WIKA Building
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
: suradi@wika.co.id
171

Closing
Price*
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-11
Jan-12
Jan-13
Jan-14
Jan-15

455%
390%
325%
284.8%
260%
195%
147.2%
130%
65%
28.8%
-65%
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2011
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
1,881
1,171
69
247
3,477
3,843
131
246
7,059
13,754
406
244
6,956
16,915
606
242
2,371
7,847
344
142
710
450
610
610
1,650
600
1,480
1,480
2,900
1,350
1,580
1,580
3,895
1,580
3,680
3,680
3,895
2,480
2,655
2,655
17.75
17.34
3.21
17.02
9.57
3.01
42.35
16.29
4.79
40.71
17.42
3.27
Price (Rupiah)
High
Low
Close
Close*
9.15
PER (X)
11.09
PER Industry (X)
1.66
PBV (X)
172
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Wijaya Karya (Persero) Tbk. [S]
Month
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
High
700
680
710
700
710
700
690
680
610
600
520
650
Low
590
600
600
660
660
640
650
560
450
450
470
465
Close
610
660
670
670
690
660
680
580
490
520
470
610
(X)
7,891
4,073
6,958
7,560
3,019
2,028
4,419
3,545
4,595
11,628
3,385
9,881
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
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
1,985
2,185
2,505
2,535
2,475
2,345
2,860
2,990
2,950
2,935
3,140
3,895
1,580
1,900
2,120
2,050
2,230
2,145
2,205
2,595
2,580
2,420
2,750
3,015
1,950
2,145
2,390
2,265
2,345
2,215
2,650
2,870
2,605
2,860
3,005
3,680
39,945
57,551
53,471
88,318
48,610
29,386
53,246
42,619
48,236
56,541
36,189
52,094
484,540
850,413
842,897
1,193,527
678,582
300,893
583,781
442,129
379,891
487,366
317,504
394,563
901,013
1,734,639
1,956,887
2,718,051
1,597,528
677,128
1,491,132
1,229,926
1,065,777
1,313,689
936,247
1,292,573
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
3,795
3,895
3,670
3,620
3,390
3,190
3,190
3,455
3,460
3,320
2,930
2,835
2,480
2,515
3,745
3,660
3,495
2,985
3,140
2,505
2,655
52,642
55,188
50,820
44,846
48,134
44,211
48,347
422,511
417,389
304,513
296,524
364,505
244,883
321,152
1,535,100
1,520,634
1,059,529
1,000,500
1,126,932
673,596
931,043
21
19
22
21
19
21
19

316,051
202,032
114,366
73,484
143,658
92,449
148,172
100,902
98,903
68,033
95,426
63,532
150,923
101,290
115,101
70,332
95,568
52,881
160,637
85,900
59,665
29,849
230,029
382,183
21
18
23
20
21
20
21
19
20
21
22
21

Book End : December
Public Accountant : Hadori Sugiarto Adi & Rekan (Member of HLB International)
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
1,244,316
1,499,143
1,386,707
2,300,892
1,703,996
Receivables
420,573
1,978,912
2,132,198
2,639,364
2,701,805
Inventories
872,775
1,138,080
1,118,390
817,307
898,053
Investment
164,989
1,208,327
1,583,043
1,941,539
2,005,580
Fixed Assets
753,148
1,168,757
1,640,292
2,676,043
2,934,007
417,006
73,252
71,743
71,075
118,143
BALANCE SHEET
Other Assets
Total Assets
Assets
8,322,980 10,945,209 12,594,963 15,915,162 17,054,654
31.51%
Growth (%)
15.07%
26.36%
10,500
7,000
3,500
-
2,119,188
2,529,217
3,061,518
3,902,807
3,675,104
Total Liabilities
6,103,604
8,131,204
9,368,004 10,936,403 12,065,462
33.22%
15.21%
16.74%
10.32%
1,600,000
1,600,000
1,600,000
1,600,000
1,600,000
602,727
610,563
613,997
614,923
614,923
6,027
6,106
6,140
6,149
6,149
100
100
100
100
100
854,681
1,196,354
1,202,095
1,518,306
1,595,763
Growth (%)
14,000
7.16%
Trade Payable
Bank Payable
Liabilities
17,500
2011
2012
2013
2014
Jun-15

Authorized Capital
Paid up Capital
Par Value
Retained Earnings
Total Equity
2,219,376
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
7,741,827
3,226,959
4,978,758
4,989,192
26.79%
14.67%
54.29%
0.21%
Dec-12
Dec-13
Dec-14
Jun-15
9,816,086 11,884,668 12,463,216
4,778,472
26.79%
Growth (%)
Cost of Revenues
2,814,006
6,978,414
21.07%
4.87%
8,902,209 10,562,234 11,038,647
4,989
2014
Jun-15
3,971
2,814
3,227
2,954
2,219
1,936
918
-100
2011
2012
2013
4,282,197
Gross Profit
864,935
1,111,382
1,583,448
1,794,327
598,229
Operating Expenses
211,194
265,965
367,486
393,407
184,384
Operating Profit
653,741
845,417
1,215,962
1,400,919
413,844
29.32%
43.83%
15.21%
Growth (%)
4,979
4,989

11,885
12,463
12,463
9,816
9,921
-24,134
-37,501
-199,272
-255,029
-67,137
Income before Tax
629,607
807,916
1,016,690
1,145,890
346,708
Tax
238,660
302,791
392,319
395,094
126,827
390,946
505,125
624,372
750,796
219,881
29.21%
23.61%
20.25%
Growth (%)
7,742
7,378
4,778
4,836
2,293
Period Attributable
354,499
457,858
569,940
615,181
200,494
401,828
508,764
624,372
750,796
219,881
366,375
461,134
569,940
615,181
200,494
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
Dividend (Rp)
17.28
22.32
27.82
20.03
EPS (Rp)
58.82
74.99
92.82
100.04
32.60
BV (Rp)
368.22
460.89
525.57
809.66
811.35
DAR (X)
0.73
0.74
0.74
0.69
0.71
DER(X)
2.75
2.89
2.90
2.20
2.42
ROA (%)
4.70
4.62
4.96
4.72
1.29
ROE (%)
17.62
17.95
19.35
15.08
4.41
GPM (%)
11.17
11.32
13.32
14.40
12.52
OPM (%)
8.44
8.61
10.23
11.24
8.66
NPM (%)
5.05
5.15
5.25
6.02
4.60
29.38
29.76
29.97
20.02
2.83
1.51
1.76
0.54
Payout Ratio (%)

Yield (%)
-249
2011
2012
2013
2014
Jun-15

751
751
624
505
598
444
391
220
291
138
-15
2011
2012
2013
2014
Jun-15
173
CC O
OM
M PP A
AN
N YY RR EE PP O
O RR TT
WSKT
WASKITA KARYA (PERSERO) TBK.
Company Profile
The Company was first established as a foreign company under the name "Volker
AanemingMaatschappijNV"whichlaterbecamenationalizedStateCompany(PN)Waskita
KarjaonMarch29,1961,andtheCompanyatthetimewasbasedinJakarta.
Overall,projectssourcesfromthegovernmentstillpresentthemostappeal.Civilprojects
are continually driven grow and justify investment in new resources (particularly
constructionequipment),whilebuildingprojectsstillexperienceselectivegrowthrate.The
Companysprimaryproductarebuildingandcivilconstruction,aswellasEPC.Thesethree
typesofserviceareofferedtotwoprincipalmarkets,namelythegovernmentandprivate
sector.TheCompanymustcontinuetobeselectiveandcarefullyweighrisksinaccepting
projectsfromprivateentitiesfortheconstructionofbuildingsandcivilitems.
The Company is currently striving to expand its precast concrete business. The Company
employstwomeanstomeetitsneedforprecastconcrete,namelybyprocuringthesame
fromexternalsourcesandbyproducingtheminternally.
TheCompanysstrategyisrealizedbyachievingthesettargetsintermsofcontractvalue,
revenueandprofit,byemployingthefollowingstrategiesandpolicies:
Continuing focus on the core business, supplemented by expansion into new
markets in the relevant business sectors: precast concrete, realty and toll road
investment;
Focus on the government sector and potential civil projects, particularly large
scaleinfrastructureprojects;
Enhancement of competitive advantage through improvements in work systems
andcapitalstructure;
EnrichmentofexperiencethroughstrategicpartneringandEPCactivities;
Focusontheapplicationofvalueengineering;
Enhancement of profit margin through cost reduction programs and business
diversification;
Expansionofoverseasmarketshare;
UpgradingofITsystemthroughtheuseoftheMicrosoftDynamicapplication.
The Company remains convinced that management preparedness, supported by good
corporate governance, sustainable human resources development and programmed
business strategies, will open opportunities for growth and contribute towards achieving
anevenbetterfuturefortheCompany.
August 2015
Disclaimer:
174
WSKT Waskita Karya (Persero) Tbk. [S]

Main Board
As of 31 July 2015
Individual Index
:
Listed Shares
:
477.733
13,567,473,560
24,014,428,201,200
37 | 24.0T | 0.48% | 69.47%

24 | 15.5T | 1.05% | 53.33%
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)
PT Datindo Entrycom
Phone : (021) 570-9009
Fax
: (021) 570-9026
1. Mohamad Hasan
2. Arif Baharudin
3. H. Sumadilaga *)
4. Mohammad Aqil Hirham Danis *)
5. R. Agus Sartono
6. Viktor S Sirait

1. Pemerintah Republik Indonesia
2. Public (<5%)
8,963,697,887 :
4,603,775,673 :
Bonus
Cash
Year
2012
2013
2014
Shares
Dividend
2.11
11.46
10.31
Cum Date
10-May-13
28-Apr-14
04-May-15
Ex Date
13-May-13
29-Apr-14
05-May-15
Recording
Date
15-May-13
02-May-14
07-May-15
66.07%
33.93%
Payment
Date
29-May-13
19-May-14
28-May-15
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
Type of Listing
First Issue
Company Listing
MESOP I
MESOP II
Right Issue
Shares
3,082,315,000
6,549,921,000
95,268,205 T:
186,471,155 T:
3,653,498,200
Listing
Date
19-Dec-12
19-Dec-12
23-May-14 :
20-May-15 :
08-Jul-15
Trading
Date
19-Dec-12
19-Dec-12
15-Dec-14
21-May-15
08-Jul-15
BOARD OF DIRECTORS
1. Muhammad Choliq
2. Adi Wibowo
3. Agus Sugiono
4. Desi Arryani
5. Nyoman Wirya Adnyana
6. Tunggul Rajagukguk
AUDIT COMMITTEE
1. Viktor S Sirait
2. Agus Suparto
3. Mohammad Danial
4. R. Agus Sartono
CORPORATE SECRETARY
Antonius Yulianto TN
HEAD OFFICE
Waskita Building 9th Fl.
Jln. M.T. Haryono Kav. No. 10
Cawang, Jakarta 13340
Phone : (021) 850-8510
Fax
: (021) 850-8506
Homepage
Email
F/I
: www.waskita.co.id
: anton@waskita.co.id
haris@waskita.co.id
waskita@waskita.co.id
175

Closing
Price*
Volume
(Mill. Sh)
2,000
1,600
1,750
1,400
1,500
1,200
1,250
1,000
1,000
800
750
600
500
400
250
200
Dec-12
Jun-13
Dec-13
Jun-14
Dec-14
Jun-15

350%
308.1%
300%
250%
200%
150%
100%
55.4%
50%
12.3%
-50%
Dec 12
Jun 13
Dec 13
Jun 14
Dec 14
Jun 15
SHARES TRADED
2012
2013
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
1,432
623
18
6
16,180
10,728
440
244
15,572
12,629
501
242
5,597
9,351
342
139
490
420
450
439
1,080
400
405
395
1,550
402
1,470
1,433
1,900
1,355
1,770
1,770
17.04
17.34
2.16
10.60
9.57
1.64
84.55
16.29
5.90
69.99
17.42
3.39
Price (Rupiah)
High
Low
Close
Close*
PER (X)
PER Industry (X)
PBV (X)
176
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Waskita Karya (Persero) Tbk. [S]
Month
Dec-12
High
490
Low
420
Close
450
(X)
17,534
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
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
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
580
690
820
800
800
720
870
950
945
985
1,060
1,550
402
535
645
665
705
640
665
785
820
800
940
1,040
540
665
760
745
720
680
810
905
835
970
1,045
1,470
45,714
39,580
48,633
44,750
23,385
25,205
48,388
40,511
44,374
47,946
32,150
60,018
1,361,373
1,445,390
1,772,927
1,653,393
703,583
717,438
1,657,700
1,277,869
1,365,148
1,467,392
864,321
1,285,521
694,196
913,294
1,326,054
1,230,960
533,679
487,344
1,311,470
1,125,149
1,201,303
1,312,756
873,185
1,619,692
20
20
20
20
18
21
18
20
22
23
20
20
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
1,740
1,890
1,825
1,815
1,815
1,745
1,900
1,355
1,680
1,630
1,550
1,505
1,490
1,515
1,715
1,815
1,780
1,720
1,700
1,520
1,770
70,104
66,468
59,602
32,693
28,488
32,477
52,634
1,483,277
1,082,352
922,085
492,663
323,352
446,526
847,192
2,224,845
1,936,847
1,598,474
852,730
555,369
722,925
1,460,006
21
19
22
18
19
21
19

1,432,023
622,792

Book End : December
Public Accountant : Doli, Bambang, Sulistiyanto, Dadang & Ali (Member of BKR International)
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
583,188
2,183,783
1,119,694
1,675,283
5,077,010
Receivables
1,563,705
1,971,997
2,342,084
2,990,509
3,626,982
Inventories
351,259
412,538
292,227
604,279
976,362
Investment
7,315
50,352
70,168
659,691
891,678
192,399
239,934
415,440
621,792
837,377
21,180
33,023
50,143
BALANCE SHEET
Fixed Assets
Other Assets
Total Assets
Assets
6,919
19,036
5,116,002
8,366,244
63.53%
Growth (%)
8,788,303 12,542,041 18,568,486
11,250
7,500
42.71%
48.05%
3,750
-
1,204,968
822,776
874,808
1,917,129
3,485,339
Trade Payable
1,661,714
2,002,815
2,291,268
2,571,795
2,688,216
Total Liabilities
4,495,779
6,359,169
6,404,866
9,693,211 11,478,594
41.45%
0.72%
51.34%
18.42%
206,900
2,600,000
2,600,000
2,600,000
2,600,000
18,000,000
963,233
963,224
966,634
991,398
18
9,632
9,632
9,666
9,914
1,000,000
100
100
100
100
Growth (%)
15,000
5.04%
Bank Payable
Liabilities
18,750
2011
2012
2013
2014
Jun-15

Authorized Capital
Paid up Capital
Par Value
Retained Earnings
-31,978
215,174
563,911
954,024
1,025,276
Total Equity
620,222
2,007,075
2,383,437
2,848,830
7,089,892
223.61%
18.75%
19.53%
148.87%
Dec-13
Dec-14
Jun-15
9,686,610 10,286,813
3,984,321
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
Dec-12
7,274,167
8,808,416
21.09%
Growth (%)
9.97%
6.20%
4,197
8,076,158
8,775,914
9,177,917
687,395
824,835
1,012,371
1,306,012
529,466
Operating Expenses
202,362
196,307
305,473
366,629
127,451
Operating Profit
485,033
628,528
706,898
939,383
402,015
29.58%
12.47%
32.89%
-153,207
-168,615
-95,698
-183,781
-147,591
1,305
Income before Tax
331,827
459,913
611,201
755,602
254,424
Tax
159,838
205,882
243,230
254,389
82,942
171,989
254,031
367,970
501,213
171,482
47.70%
44.85%
36.21%
Growth (%)
2,383
2,849
620
2012
2013
2014
Jun-15
3,503,118
10,287
8,808
8,188
2,007
2,751
2011
6,610,973
Growth (%)
5,644
-142
Gross Profit
Cost of Revenues
7,090
7,090
9,687
10,287
7,274
6,090
3,984
3,991
1,893
Period Attributable
171,989
254,031
368,060
501,531
171,558
172,457
254,363
366,629
497,058
158,593
172,457
254,363
366,719
497,375
158,669
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Jun-15
2.11
11.46
10.31
EPS (Rp)
9,554.96
26.37
38.21
51.88
17.30
BV (Rp)
34,456.80
208.37
247.44
294.72
715.14
DAR (X)
0.88
0.76
0.73
0.77
0.62
DER(X)
7.25
3.17
2.69
3.40
1.62
ROA (%)
3.36
3.04
4.19
4.00
0.92
ROE (%)
27.73
12.66
15.44
17.59
2.42
GPM (%)
9.45
9.36
10.45
12.70
13.29
OPM (%)
6.67
7.14
7.30
9.13
10.09
NPM (%)
2.36
2.88
3.80
4.87
4.30
Payout Ratio (%)
8.00
30.00
19.87
Yield (%)
0.47
2.83
0.70
Dividend (Rp)
-206
2011
2012
2013
2014
Jun-15

501
368
399
254
297
194
172
171
92
-10
2011
2012
2013
2014
Jun-15
177
CC O
OM
M PP A
AN
N YY RR EE PP O
O RR TT
WTON
WIJAYA KARYA BETON TBK.
Company Profile
Businessactivitiesthatarecurrentlycarriedoutareasfollows:
1.
2.
3.
The planning, conduct the production, the sale of concrete products, among other
things:Piling,ElectricPoleandtelephonepole,Railroadpads,Componentofaconcrete
precast,Pipe,andOtherconcreteproducts.
Performingbusinessconsultingservices,theservicesoftheconstructionandinstallation
oftheimplementationof:Concreteproducts,Foundation,Prestressing,andInstallation
ofthebuildingcomponentsofheavylifting
Manufacturesandsellsaconcretereadymix.
PT Wijaya Karya Beton Tbk. is a subsidiary of PT Wijaya Karya (Persero) Tbk. Since 1997
companyrunningitsoperationswithdividedintosomeareasofsales(WP),whereeachsales
areasupportedbyConcreteProductsFactory(PPB).
ThecompanyhasdirectownershipinPT.WijayaKaryaKomponenBeton(WIKAKOBE),PT.
WijayaKaryaKrakatauBeton(WIKAKRATON),andPT.CitraLautanTeduh.
Theemployesofcompanyhasatotal1,318personfortheJune30,2015.
August 2015
Disclaimer:
178
WTON Wijaya Karya Beton Tbk. [S]
As of 31 July 2015
Main Board
Individual Index
:
Listed Shares
:
190.678
8,715,466,600
9,804,899,925,000
86 | 9.80T | 0.20% | 83.81%

55 | 7.21T | 0.49% | 77.50%
COMPANY HISTORY
Established Date
: 11-Mar-1997
Listing Date
: 08-Apr-2014
Under Writer IPO :
PT Sucorinvest Central Gani
PT Datindo Entrycom
Phone : (021) 570-9009
Fax
: (021) 570-9026

1. PT Wijaya Karya (Persero) Tbk.
2. Koperasi Karya Mitra Satya
3. Public (<5%)
5,229,280,000 :
796,690,449 :
2,689,496,151 :
Bonus
Cash
Year
2014
Shares
Dividend
11.82
Cum Date
09-Apr-15
Ex Date
10-Apr-15
Recording
Date
14-Apr-15
60.00%
9.14%
30.86%
Payment
F/I
Date
05-May-15 F
ISSUED HISTORY
No. Type of Listing
1. First Issue
2. Company Listing
Shares
2,045,466,600
6,670,000,000
Listing
Date
08-Apr-14
08-Apr-14
Trading
Date
08-Apr-14
08-Apr-14
1. Budi Harto
2. Agustinus Boediono
3. Asfiah Mahdiani *)
4. Nariman Prasetyo
5. Priyo Suprobo *)
6. Tumik Kristianingsih
BOARD OF DIRECTORS
1. Wilfred Imanuel A. Sangkali
2. Entus Asnawi Mukhson
3. Fery Hendriyanto
4. Hadian Pramudita
5. Hari Respati
6. Muhammad Zulkarnain
AUDIT COMMITTEE
1. Asfiah Mahdiani
2. Rosmala
3. Soemartojo
CORPORATE SECRETARY
Puji Haryadi
HEAD OFFICE
JW Building
Pondok Gede Bekasi 17411
Phone : (021) 8497-3363
Fax
: (021) 8497-3391
Homepage
Email
: www.wikabeton.co.id
: sekper@wika-beton.co.id
179

Closing
Price*
Volume
(Mill. Sh)
1,600
1,600
1,400
1,400
1,200
1,200
1,000
1,000
800
800
600
600
400
400
200
200
Apr-14
Jul-14
Oct-14
Jan-15
Apr-15
Jul-15

April 2014 - July 2015
90%
75%
60%
48.0%
45%
30%
15%
-
-2.4%
-15%
-30%
Apr 14
-29.7%
Jul 14
Oct 14
Jan 15
Apr 15
Jul 15
SHARES TRADED
2014
Jul-15

Value (Billion Rp)
Frequency (Thou. X)
Days
6,088
5,860
244
177
3,007
3,625
208
142
Price (Rupiah)
High
Low
Close
Close*
1,325
665
1,300
1,300
1,440
940
1,125
1,125
38.05
16.60
5.34
91.60
13.88
4.55
PER (X)
PER Industry (X)
PBV (X)
180
Closing Price
Freq.
Month
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
High
885
810
780
910
1,055
1,240
1,210
1,265
1,325
Low
665
725
725
735
870
1,010
975
1,115
1,175
Close
735
780
750
890
1,030
1,090
1,155
1,220
1,300
(X)
48,699
16,453
8,655
17,738
17,872
29,077
34,005
30,469
41,055
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
1,390
1,440
1,410
1,295
1,240
1,160
1,160
1,220
1,300
1,185
940
965
965
1,000
1,370
1,405
1,265
990
1,145
1,000
1,125
31,461
27,678
33,416
30,625
31,366
22,470
31,329
Volume
Value

1,723,074 1,281,636
334,993
434,864
267,664
201,034
553,400
462,277
392,272
378,906
736,910
642,971
760,986
847,149
600,705
500,753
812,228 1,016,470
509,275
393,029
437,715
450,479
509,532
281,675
425,469
673,857
550,286
571,196
508,130
566,532
290,204
464,786
Day
TRADING ACTIVITIES

Wijaya Karya Beton Tbk. [S]
April 2014 - July 2015
15
18
21
18
20
22
23
20
20
21
19
22
21
19
21
19

Book End : December
Public Accountant : Hadori Sugiarto Adi & Rekan (Member of HLB International)
Dec-13
Dec-14
Jun-15
413,027
1,038,475
693,257
Receivables
423,761
482,688
434,600
Inventories
846,027
457,603
551,396
Current Assets
1,896,018
2,127,039
1,883,095
Fixed Assets
1,012,107
1,671,205
1,811,254
BALANCE SHEET
Dec-11
Dec-12
Assets
Other Assets
Total Assets
Current Liabilities
Total Liabilities
3,100
2,325
2,917,401
3,802,333
3,698,265
30.33%
-2.74%
775
1,794,348
1,509,531
1,487,774
393,035
67,024
54,072
2,187,383
1,576,555
1,541,846
-27.93%
-2.20%
2,668,000
2,668,000
2,668,000
871,547
871,547
871,547
8,715
8,715
8,715
100
100
100
Growth (%)
Growth (%)
Liabilities
3,875
1,550
2013
2014
Jun-15

Authorized Capital
Paid up Capital
Par Value
Retained Earnings
Total Equity
71,319
379,829
334,790
730,018
2,225,777
2,156,419
204.89%
-3.12%
Dec-13
Dec-14
Jun-15
1,479,008
3,277,195
891,272
Growth (%)
INCOME STATEMENTS
Dec-11
Dec-12
Total Revenues
121.58%
Growth (%)
Cost of Revenues
Gross Profit
Expenses (Income)
Operating Profit
2,156
2014
Jun-15
1,772
1,318
864
730
410
-45
2013
1,273,472
2,790,105
776,658
205,536
487,090
114,614
19,204
78,192
39,742
186,332
408,898
74,872
119.45%
Growth (%)
2,226
2,226

3,277
3,277
2,609

Income before Tax
Tax
54,686
2,623
183,503
411,521
63,494
47,055
89,117
12,050
136,448
322,404
51,444
-11,378
1,940
1,479
891
1,272
136.28%
Growth (%)
603
Period Attributable
136,542
328,509
53,520
136,448
322,404
51,444
136,542
328,509
53,520
Dec-13
Dec-14
Jun-15
105.67
140.91
126.57
11.82
RATIOS
Current Ratio (%)
Dividend (Rp)
Dec-11
Dec-12
EPS (Rp)
15.67
37.69
6.14
BV (Rp)
83.76
255.38
247.42
DAR (X)
0.75
0.41
0.42
DER(X)
3.00
0.71
0.72
ROA (%)
4.68
8.48
1.39
ROE (%)
18.69
14.48
2.39
GPM (%)
13.90
14.86
12.86
OPM (%)
12.60
12.48
8.40
NPM (%)
9.23
9.84
5.77
Payout Ratio (%)
31.36
Yield (%)
0.91
-66
2013
2014
Jun-15

322
257
191
136
125
51
59
-6
2013
2014
Jun-15
181
Notes
1.
Trading Volume, Value and Frequency: Figures of trading volume, value and Frequency are calculated once,
except on the IDX members trading data. Trading Frequency refers to number of transaction.
2.
Number of shares (number of issued shares): This figures is number of listed shares after adjustment when
bonus and rights issues, share splits and consolidations are made.
3.
Number of listed shares: This figures refers to the total number of shares that is already listed and can be traded
at the exchange.
4.
Market Capitalization: This figures indicates the aggregate number of shares multiplied by regular market closing
price.
5.
Jakarta Composite Index =
Base Value =
(Regular Closing Price * Number of Shares)

Base Value
X 100
(Base Price * Number of Shares)

X 100
Base Price
6.
Individual Index =
7.
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.
8.
To calculate Financial Ratio, the latest financial reports are used.
9.
Earning Per Share (EPS): The figure of EPS is derived by dividing Profit for the period attribute to owners
entity by number of issued shares. We annualized the EPS when interim reports are used (see the
Financial statement dates and Financial Year Ends).
Price Earnings Ratio (PER) =
Book Value per Share (BV): The figure of BV is derived by dividing the Total Shareholders Equity by
number of issued shares.
Price to Book Value (PBV) = Regular Closing Price

BV
Debt Equity Ratio (DER) = Total Liabilitie s

Equity
Return On Asset (ROA) =

X 100
Total Assets
Return On Equity (ROE) =

X 100
Equity
Net Profit Margin (NPM) =

X 100
Total Sales
[S] Sharia Compliant Stock
10. LHS: Left Hand Side

11. RHS: Right Hand Side

EPS

IDX LQ45 August 2015

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IDX LQ45

Astra Agro Lestari Tbk. [S] (Plantation, 12) .................................................................................................................................................

Adhi Karya (Persero) Tbk. [S] (Building Construction, 62) .......................................................................................

Adaro Energy Tbk. [S] (Coal Mining, 21) ......................................................................................................................................................

Astra International Tbk. [S] (Automotive and Components, 42).........................................................................................................

Bank Central Asia Tbk. (Bank, 81) ...................................................................................................................................................................

Bank Negara Indonesia (Persero) Tbk. (Bank, 81) ..................................................................................................................................

Bank Rakyat Indonesia (Persero) Tbk. (Bank, 81) .................................................................................................................................

Bank Tabungan Negara (Persero) Tbk. (Bank, 81). ................................................................................................................................

Bank Mandiri (Persero) Tbk. (Bank, 81) ........................................................................................................................................................

Global Mediacom Tbk. [S] (Investment Company, 98)...........................................................................................................................

Charoen Pokphand Indonesia Tbk. [S] (Animal Feed,36) ....................................................................................................................

XL Axiata Tbk. (Telecommunication,73) .......................................................................................................................................................

Gudang Garam Tbk. (Tobacco Manufacturers, 52) .................................................................................................................................

Indocement Tunggal Prakasa Tbk. [S] (Cement, 31) ..............................................................................................................................

Indo Tambangraya Megah Tbk. [S] (Coal Mining, 21)............................................................................................................................

Kalbe Farma Tbk. [S] (Pharmaceuticals, 53) ..............................................................................................................................................

Matahari Department Store Tbk. [S] (Retail Trade, 93) .........................................................................................................................

PP London Sumatera Tbk. [S] (Plantation,12) ...........................................................................................................................................

Matahari Putra Prima Tbk. [S] (Retail Trade,93) .......................................................................................................................................

Perusahaan Gas Negara (Persero) Tbk. [S] (Energy, 71)....................................................................................................................

PP (Persero) Tbk. [S] (Building Construction, 62) ..................................................................................................

Siloam International Hospitals Tbk. [S] (Healthcare, 96).......................................................................................................................

Semen Indonesia (Persero) Tbk. [S] (Cement, 31) ..................................................................................................................................

Sri Rejeki Isman Tbk. (Textile, Garment, 43) ...........................................................................................................

Sawit Sumbermas Sarana Tbk. [S] (Plantation, 12) ................................................................................................

Tower Bersama Infrastructure Tbk. (Non Building Construction, 75) ......................................................................

Telekomunikasi Indonesia (Persero) Tbk. [S] (Telecommunication, 73) .......................................................................................

Unilever Indonesia Tbk. [S] (Cosmetics and Household, 54)..............................................................................................................

Wijaya Karya (Persero) Tbk. [S] (Building Construction, 62) ..............................................................................................................

Waskita Karya (Persero) Tbk. [S] (Building Construction, 62) .................................................................................

Wijaya Karya Beton Tbk. [S] (Cement, 31) ..............................................................................................................

Trading Volume, Value and Frequency :

Number of listed shares

Jakarta Composite Index

(Regular Closing Price x Number of Shares )

Jakarta Composite Index =

Base Price x Number of Shares

Regular Closing Price

Earnings Per Share (EPS)

Book Value per Share (BV)

Debt to Assets Ratio (DAR)

10. Debt to Equity Ratio (DER)

Profit for the period

12. Return on Equity (ROE)

Profit for period

16. Payout Ratio =

2015 Indonesia Stock Exchange. All rights reserved.

LQ45 Index Constituents

RESEARCH AND DEVELOPMENT DIVISION

AALI Astra Agro Lestari Tbk. [S]

COMPANY REPORT : JULY 2015

27 | 31.6T | 0.64% | 64.16%

SHAREHOLDERS (July 2015)

RESEARCH AND DEVELOPMENT DIVISION

AALI Astra Agro Lestari Tbk. [S]

Closing Price*, Jakarta Composite Index (IHSG) and

Volume (Million Sh.)

RESEARCH AND DEVELOPMENT DIVISION

Closing Price* and Trading Volume

(Thou. Sh.) (Million Rp)

AALI Astra Agro Lestari Tbk. [S]

Book End : December