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Summary of Financial Statement PT Astra International Tbk 2007

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Summary of Financial Statement PT Astra International Tbk 2007 Powered By Docstoc
					PT Astra International Tbk.                                                                                                 Automotive and Allied Products


Head Office                   AMDI Building                             Summary of Financial Statement
                              Jl. Raya Motor Raya No. 8
                              Sunter II, Jakarta 14330                                                                              (million rupiah)
                              Phone (021) 652-2555, 6530-4956                                                            2004         2005        2006
                              Fax (021) 6530-4957, 651-2058/9           Total Assets                                   39,145,053   61,166,666   57,929,290
                              Website: www.astra.co.id                  Current Assets                                 13,761,766   16,158,641   15,731,494
Business                      Automotive, Finance, Heavy                 of which
                              Equipment, Agribusiness,                       Cash and cash equivalents                  5,326,131    3,938,633    4,729,943
                              Information Technology and                     Trade receivables                          3,266,980    4,707,646    4,064,335
                                                                             Inventories                                3,334,329    5,120,829    4,000,697
                              Infrastructure                            Non-Current Assets                             25,383,287   45,008,025   42,197,796
Company Status                Limited Liability Company                  of which
                                                                             Fixed Assets-Net                           8,548,140   11,495,558   13,030,347
    Company News : PT Astra International Tbk through the                    Financing Receivables                      8,718,978   24,010,367   17,565,047
company’s subsidiary PT Sedaya Multi Investama has sold 50%                  Investments                                5,661,690    6,737,330    8,822,561
stake at insurance company PT Astra CMG Life (ACMG Life) to                  Other Assets                                 352,396      504,405      561,895
CMG Asia Life Holdings Ltd.                                             Liabilities                                    19,425,440   36,935,513   31,498,444
    Financial Performance: Net profit of the Company was down           Current Liabilities                            12,978,507   21,917,215   20,070,497
32% in 2006 at IDR3.712 trillion compared to IDR5.457 trillion in        of which
2005. The net profit was down because the sales fell 10.08% at               Short-term debt                            2,168,451    2,680,483    2,932,650
                                                                             Trade payables                             3,173,302    4,447,090    3,850,762
IDR55.508 trillion from IDR61.731 trillion and the gross profit
                                                                             Current maturities
stumbled at IDR13.266 trillion at IDR12.122 trillion.                                     of long term-debt             3,539,377   10,853,452    9,569,800
    Brief History: PT Astra International Tbk (“Astra or Company”)      Non-Current Liabilities                         6,446,933   15,018,298   11,427,947
was founded in 1957 as a general trading company based in               Minority Interests in Subsidiaries              3,234,487    3,806,808    4,055,080
Jakarta, Indonesia and was initially involved in agricultural trade.    Shareholders' Equity                           15,233,543   20,424,345   22,375,766
Astra is now one of the largest conglomeration business group in            Share capital                               2,024,178    2,024,178    2,024,178
Indonesia. It diversified into the manufacture and distribution of          Paid-up capital
automobiles, heavy equipment and components in the late 1960s.                                                          1,106,121    1,106,121    1,106,121
It currently has six business divisions: Automotive, Financial Ser-          Revaluation of fixed assets                  430,121      418,661      418,661
vices, Heavy Equipment, Agribusiness, Information Technology,                Retained earnings (accumulated loss)      11,673,123   16,875,385   18,826,806
and Infrastructure. In addition to being a holding company,             Net Sales and Revenue                          44,923,909   61,731,635 55,508,135
through its own operations and those of its Subsidiaries and As-        Cost of Goods Sold                             34,610,505   48,464,755 43,386,103
sociates, Astra is an integrated automotive business with opera-        Gross Profit                                   10,313,404   13,266,880 12,122,032
tions ranging from automotive and component manufacturing,              Operating Expenses                              5,337,966    6,852,906  7,130,716
                                                                        Operating Profit                                4,975,438    6,413,974  4,991,316
distribution and after-sales services through out the country, car
                                                                        Other Income (Expenses)                           978,025     (374,777)  (479,652)
rental, used car sales, consumer finance for automotive products,       Equity Income                                   2,053,740    2,166,562  1,359,864
insurance and infrastructure. The Company has partnerships with         Profit (Loss) before Taxes                      8,007,203    8,205,759  5,871,528
some international automotive entities such as Toyota, Honda,           Income Tax                                      1,625,364    1,872,786  1,380,690
Daihatsu, Isuzu, BMW, Peugeot and Nissan Diesel. Astra adds             Minority Interest                                 976,333      875,688    778,741
value to the joint ventures it participates in by supplying valuable    Net Profit                                      5,405,506    5,457,285  3,712,097
local marketing and product development advice as well as ex-           Per Share Data (Rp)
tensive experience in distribution. Over the course of its develop-     Earnings (Loss) per Share                           1,335       1,348          917
ment, the Company has formed strategic alliances with reputable         Equity per Share                                    3,763       5,045        5,527
international corporations in its efforts to expand business oppor-     Dividend per Share                                    370         440          290
                                                                        Closing Price                                       9,600      10,200       15,700
tunities such as Komatsu (heavy equipment), Fuji-Xerox (docu-
ment solution), General Electric (financial services) and CMG (life     Financial Ratios
insurance). As a public company, Astra implements corporate             PER (x)                                              7.19         7.57        17.12
governance practices in carrying out its business. The Company          PBV (x)                                              2.55         2.02         2.84
                                                                        Dividend Payout (%)                                 27.71        32.64        31.63
gives a priority in social care activities in the areas of education,
                                                                        Dividend Yield (%)                                   3.85         4.31         1.85
welfare, health and small and medium enterprises development
and it also actively supports community development. The Com-           Current Ratio (x)                                    1.06         0.74         0.78
pany became a publicly listed company on 4th April, 1990, when          Debt to Equity (x)                                   0.63         1.81         1.41
                                                                        Leverage Ratio (x)                                   0.50         0.60         0.54
it listed its shares on the JSX and the SSX. Astra has a diversified    Gross Profit Margin (x)                              0.23         0.21         0.22
shareholder base which includes foreign shareholders with sub-          Operating Profit Margin (x)                          0.11         0.10         0.09
stantial shareholdings. The Company’s market capitalization as          Net Profit Margin (x)                                0.12         0.09         0.07
at 31 December 2005 stood at approximately Rp. 41.3 trillion (USD       Inventory Turnover (x)                              10.38         9.46        10.84
4.2 billion) with 4,253 shareholders. Astra Group currently em-         Total Assets Turnover (x)                            1.15         1.01         0.96
ploys 118.700 employees across its businesses.                          ROA (%)                                             13.81         8.92         6.41
                                                                        ROE (%)                                             35.48        26.72        16.59

Shareholders                                                            PER = 13.02x ; PBV = 2.88x (June 2007)
Jardine Cycle & Carriage Ltd                                50.11%      Financial Year: December 31
Public                                                      49.89%      Independent Auditor: KAP Haryanto Sahari & Rekan (PricewaterhouceCoopers)




320                                                                                                           Indonesian Capital Market Directory 2007
 PT Astra International Tbk.                                                                                                       Automotive and Allied Products



Board of Commissioners                                                         Board of Directors
President Commissioner Budi Setiadharma                                        President Director Michael Dharmawan Ruslim
Commissioners Djunaedi Hadisumarto, Patrick Morris Alexander,                  Directors Gunawan Geniusahardja, Prijono Sugiarto,
              M. Chatib Basri, Anthony John Liddell Nightingale,                         Tossin Himawan, Johnny Darmawan Danusasmita,
              Soemadi Djoko Moerdjono Brotoningrat,                                      Maruli Gultom, Simon John Mawson
              Mark Spencer Greenberg, Akira Okabe,
              Benjamin Williem Keswick , Chiew Sin Cheok                       Number of Employees       65,000

       No    Type of Listing                               Listing Date              Trading Date         Number of Shares                  Total Listed
                                                                                                                per Listing                     Shares
        1    First Issue                                      04-Apr-90                  04-Apr-90                   30,000,000               30,000,000
        2    Partial Listing                                  04-Apr-90                  04-Oct-90                   24,805,000               54,805,000
        3    Company Listing                                  18-Dec-91                  02-Jan-92                  184,893,000              239,698,000
        4    Cooperative                                      18-Dec-91                  31-Dec-99                    2,500,000              242,198,000
        5    Right Issue                                      03-Jan-94                  24-Jan-94                   48,439,600              290,637,600
        6    Bonus Shares                                     08-Sep-94                  08-Sep-94                  871,912,800            1,162,550,400
        7    Convertible Bonds                                     1997                       1997                      280,837            1,162,831,237
        8    Stock Split                                      01-Sep-97                  01-Sep-97                1,162,831,237            2,325,662,474
        9    Right Conversion                                      1999                       1999                  146,793,682            2,472,456,156
       10    Right Conversion                                      2000                       2000                   27,826,740            2,500,282,896
       11    Option Conversion                                     2000                       2000                    6,359,500            2,506,642,396
       12    Right Conversion                                      2001                       2001                   24,637,387            2,531,279,783
       13    Option Conversion                                     2001                       2001                    6,900,000            2,538,179,783
       14    Right Conversion                                      2002                       2002                   26,798,627            2,564,978,410
       15    Option Conversion                                     2002                       2002                   43,110,500            2,608,088,910
       16    Right Conversion                                      2003                       2003                   16,552,875            2,624,641,785
       17    Option Conversion                                     2003                       2003                    5,954,500            2,630,596,285
       18    Right Issue                                           2003                       2003                1,404,780,175            4,035,376,460
       19    Option Conversion                                     2004                       2004                    2,429,500            4,037,805,960
       20    Right Conversion                                      2004                       2004                   10,549,354            4,048,355,314
 Underwriter PT (Persero) Danareksa (IPO)
 Stock Price, Frequency, Trading Days, Number and Value of Shares Traded and Market Capitalization
                                  Stock Price                       Shares Traded                             Trading             Listed            Market
 Month                     High          Low       Close              Volume             Value    Frequency      Day              Shares      Capitalization
                           (Rp)          (Rp)       (Rp)    (Thousand Shares)      (Rp Million)                                                 (Rp Million)
 January-06              11,550        10,050     10,400           174,906.00     1,899,666.00       10,915        20   4,048,355,314.00      42,102,895.00
 February-06             10,850         9,300      9,800           182,595.00     1,813,891.00       14,565        20   4,048,355,314.00      39,673,882.00
 March-06                11,500         9,600     11,250           230,068.00     2,453,369.00       12,783        21   4,048,355,314.00      45,543,997.00
 April-06                13,050        10,600     11,950           189,922.00     2,264,603.00       11,228        18   4,048,355,314.00      48,377,846.00
 May-06                  12,450         9,700      9,800           232,982.00     2,556,565.00       13,463        21   4,048,355,314.00      39,673,882.00
 June-06                  9,950         8,550      9,750           223,927.00     2,068,624.00        1,334        22   4,048,355,314.00      39,471,464.00
 July-06                 10,800         9,100      9,600           226,033.00     2,183,427.00       10,381        21   4,048,355,314.00      38,864,211.00
 August-06               12,050         9,650     11,100           276,364.00     3,017,090.00       10,841        20   4,048,355,314.00      44,936,744.00
 September-06            12,650        11,100     12,450           157,754.00     1,911,515.00        6,682        21   4,048,355,314.00      50,402,024.00
 October-06              13,850        12,100     13,400           155,799.00     2,052,723.00        5,553        17   4,048,355,314.00      54,247,961.00
 November-06             16,500        13,400     15,950           134,941.00     2,001,865.00        6,279        22   4,048,355,314.00      64,571,267.00
 December-06             17,250        15,450     15,700           104,633.00     1,697,504.00        4,727        19   4,048,355,314.00      63,559,178.00
 January-07              16,900        14,600     14,850           139,710.00     2,183,347.00        7,746        22   4,048,355,314.00      60,118,076.00
 February-07             15,500        12,800     14,050           159,088.00     2,325,973.00        8,532        20   4,048,355,314.00      56,879,392.00
 March-07                14,750        12,500     13,200           210,525.00     2,840,350.00       14,446        21   4,048,355,314.00      53,438,290.00
 April-07                15,050        13,050     14,400           257,076.00     3,608,279.00       18,290        20   4,048,355,314.00      58,296,317.00
 May-07                  16,850        14,400     16,400           207,483.00     3,289,489.00        8,137        21   4,048,355,314.00      66,393,027.00
 June-07                 17,300        15,850     16,900           136,987.00     2,270,696.00        5,297        20   4,048,355,314.00      68,417,205.00

 Stock Price and Traded Chart
            Stock Price (Rp)                                                                                                 Million Shares
18,000                                                                                                                                               35
16,000                                                                                                                                               30
14,000
                                                                                                                                                     25
12,000
10,000                                                                                                                                               20
 8,000                                                                                                                                               15
 6,000
                                                                                                                                                     10
 4,000
 2,000                                                                                                                                               5

   -                                                                                                                                                 -
         Jan-   Feb- Mar-        Apr- May- Jun-     Jul-   Aug- Sep- Oct-        Nov- Dec- Jan-        Feb- Mar- Apr- May- Jun-
          06     06   06          06   06   06       06     06   06   06          06   06   07          07  07    07   07   07


 Institute for Economic and Financial Research                                                                                                             321

				
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Description: Summary of Financial Statement , Automotive category of Indonesian Capital Market Directory 2007,
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