INAF Indofarma (Persero) Tbk.

[S]
COMPANY REPORT : FEBRUARY 2013
Main Board
Industry Sector : Consumer Goods Industry (5)
Industry Sub Sector : Pharmaceuticals (53)

As of 28 February 2013
:
136.000
Individual Index
3,099,267,500
:
Listed Shares
1,053,750,950,000
Market Capitalization :
237 | 1.08T | 0.03% | 98.08%

154 | 0.78T | 0.07% | 95.97%

COMPANY HISTORY
Established Date : 02-Jan-1996
Listing Date
: 17-Apr-2001

SHAREHOLDERS (February 2013)

1. Negara Republik Indonesia
2. Public (<5%)

Under Writer IPO :

PT Bahana Securities
Securities Administration Bureau :
PT Datindo Entrycom
Wisma Sudirman - Puri Datindo
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220

DIVIDEND ANNOUNCEMENT
Cash
Bonus
Year Shares Dividend Cum Date
2000
12.46 29-Nov-01
19.77 18-Nov-02
2001

Phone : 570-9009
Fax
: 570-9026
BOARD OF COMMISSIONERS
1. Supriyantoro
2. Dumoly Freddy Pardede
3. Kustantinah *)
4. Marzuki Abdullah *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Djakfarudin Junus
2. Bambang Solihin Irianto
3. Elfiano Rizaldi
4. John Guntar Sebayang
5. Kosasih
AUDIT COMMITTEE
1. Wahyudi Rumiyanto
2. Ferdinand T. Siagian
3. Vita Silvira
CORPORATE SECRETARY
Dian Shinta Dewi
HEAD OFFICE
Jln. Indofarma No. 1
Cikarang Barat
Bekasi - 17530
Phone : (021) 883-23975, 859-08350
Fax
: (021) 883-23972, 883-23973
Homepage
Email

: www.indofarmagroup.com
: general@indofarma.co.id

2,500,000,000 :
599,267,500 :

Ex Date
30-Nov-01
19-Nov-02

Recording
Date
05-Dec-01
21-Nov-02

80.66%
19.34%

Payment
F/I
Date
20-Dec-01 F
04-Dec-02 F

ISSUED HISTORY
No.
1.
2.
3.
4.

Type of Listing
Negara RI (Seri A)
First Issue
Company Listing
Option Conversion

Shares
1
596,875,000
2,499,999,999
2,392,500

Listing
Date
17-Apr-01
17-Apr-01
17-Apr-01
26-Aug-02

Trading
Date
00-Jan-00
17-Apr-01
17-Apr-01
26-Aug-02

INAF Indofarma (Persero) Tbk. [S]

Closing
Price*

Closing Price
Volume
(Mill. Sh)

360

560

315

490

270

420

225

350

180

280

135

210

90

140

45

70

Jan-09

Jan-10

Jan-11

Jan-12

Jan-13

Closing Price*, Jakarta Composite Index (IHSG) and

Consumer Goods Industry Index
January 2009 - February 2013

Month

Volume
Value
Freq.
(X) (Thou. Sh.) (Million Rp)

Day

TRADING ACTIVITIES

Closing Price* and Trading Volume

Indofarma (Persero) Tbk. [S]
January 2009 - February 2013

Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09

High
57
55
126
90
90
119
107
104
101
97
89
92

Low
50
50
50
68
75
83
88
91
87
79
78
78

Close
53
50
69
81
83
93
101
91
94
85
80
83

208
165
3,802
11,945
5,701
15,875
6,927
1,956
3,316
4,459
4,982
11,182

3,869
2,829
110,610
584,712
312,042
1,053,864
278,817
61,518
61,691
95,942
152,696
421,476

204
150
9,402
47,220
25,993
109,663
27,978
6,081
5,825
8,741
13,020
36,255

16
13
15
20
20
22
21
20
18
22
20
19

Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10

95
82
83
110
107
102
95
90
99
97
85
82

79
73
75
78
76
83
87
83
82
82
78
79

80
78
79
107
87
92
87
84
83
84
81
80

20,111
2,397
5,675
9,253
1,122
3,093
3,183
4,893
5,435
8,978
2,200
783

702,651
50,099
148,097
448,199
62,418
51,804
52,380
72,182
378,689
476,186
69,574
22,116

62,514
3,855
11,793
41,283
6,028
5,009
4,715
6,230
34,768
41,896
5,647
1,783

20
19
22
21
19
21
22
21
17
21
21
20

Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11

82
77
82
85
99
99
96
91
86
129
143
197

70
70
71
77
80
80
89
75
69
67
114
130

72
73
79
80
87
92
90
83
74
127
129
163

626
749
1,043
2,718
15,321
8,531
2,421
949
491
20,950
27,981
22,790

19,915
15,276
25,482
80,536
351,728
355,321
93,568
23,804
18,240
646,157
738,087
888,348

1,515
1,125
1,947
6,554
31,719
33,168
8,616
2,023
1,257
73,913
93,649
143,816

21
17
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

205
225
205
260
250
205
225
250
225
245
280
340

158
183
173
187
196
177
193
192
200
200
197
240

205
188
190
220
196
196
215
205
215
200
265
330

25,363
6,548
7,005
11,251
4,989
2,497
2,116
3,169
2,017
4,454
13,696
8,211

960,199
237,728
197,853
504,651
177,002
56,407
68,842
128,580
77,247
134,171
674,878
328,090

176,675
48,949
37,981
110,639
38,997
10,956
14,100
29,502
16,408
29,020
165,966
99,883

21
21
21
20
21
21
22
19
20
22
20
18

Jan-13
Feb-13

370
355

290
315

350
340

8,982
5,477

310,631
190,078

104,787
64,487

21
20

560%
529.6%
480%
400%

397.2%

320%
240%

233.7%

160%
80%
-80%

Jan 09

Jan 10

Jan 11

Jan 12

Jan 13

SHARES TRADED

2009

2010

2011

2012 Feb-13

Volume (Million Sh.)

Value (Billion Rp)
Frequency (Thou. X)
Days

3,140
291
71
226

2,534
226
67
244

3,256
399
105
246

3,546
779
91
246

501
169
14
41

126
50
83
83

110
73
80
80

197
67
163
163

340
158
330
330

370
290
340
340

121.02
19.76
PER (X)
20.07
16.41
PER Industry (X)
0.86
0.80
PBV (X)
* Adjusted price after corporate action

13.66
16.22
0.83

38.29
19.75
1.63

39.45
21.70
1.67

Price (Rupiah)
High
Low
Close
Close*

INAF Indofarma (Persero) Tbk. [S]

Financial Data and Ratios
Public Accountant : Hendrawinata Eddy & Siddharta (Member of Kreston International)
BALANCE SHEET
(Million Rp except Par Value)

Dec-08

Dec-09

Dec-10

Dec-11

Dec-12

Cash & Cash Equivalents

263,288

110,875

120,918

133,417

194,903

Receivable

211,355

180,351

132,470

161,953

248,475

Inventories

209,251

141,953

159,253

193,442

161,342

Current Assets

844,984

581,222

582,662

706,558

777,629

Fixed Assets

89,228

100,991

96,937

342,984

339,196

Other Assets

5,000

22,296

27,316

9,009

Total Assets

965,812

Book End : December

TOTAL ASSETS AND LIABILITIES (Bill. Rp)

Assets

Liabilities

1,250
1,000

Growth (%)

728,035

733,958

1,114,902

1,188,619

-24.62%

0.81%

51.90%

6.61%

376,912

375,536

459,404

369,864

750
500
250
-

Current Liabilities

634,576
34,641

52,402

47,154

46,304

168,653

669,216

429,313

422,690

505,708

538,517

-35.85%

-1.54%

19.64%

6.49%

1,000,000

1,000,000

1,000,000

1,000,000

1,000,000

309,927

309,927

309,927

309,927

309,927

3,099

3,099

3,099

3,099

3,099

100

100

100

100

100

Retained Earnings

-88,433

-86,307

-75,760

20,821

61,729

Total Equity

296,595

298,720

311,267

609,194

650,102

0.72%

4.20%

95.71%

6.72%

Dec-08

Dec-09

Dec-10

Dec-11

Dec-12

1,478,585

1,125,055

1,047,918

1,203,467

1,156,050

-23.91%

-6.86%

14.84%

-3.94%

1,145,182

820,420

729,454

807,283

788,155

Gross Profit

333,403

304,636

318,464

396,184

367,896

Operating Expenses

270,383

258,727

262,017

304,226

284,587

63,019

45,909

56,448

91,959

83,309

-27.15%

22.96%

62.91%

-9.41%

-51,459

-33,243

-36,039

-36,756

-21,577

Income before Tax

9,866

12,666

20,409

55,203

61,732

Tax

4,834

10,540

7,862

18,283

19,347

-0

-0

-0

Long Term Liabilities

Total Liabilities

Growth (%)
Minority Interest
Authorized Capital
Paid up Capital
Paid up Capital (Shares)

2008

2009

Growth (%)
INCOME STATEMENTS
Total Revenues

Growth (%)
Expenses

2011

2012

TOTAL EQUITY (Billion Rupiah)

609

650

650

517

297

299

311

2008

2009

2010

385

Par Value

2010

252

120

-13

2011

2012

TOTAL REVENUES (Billion Rupiah)

1,479
1,479

Operating Profit

Growth (%)

1,125
1,177

1,203

1,156

2011

2012

1,048

875

Other Income (Expenses)

574

272

Minority Interest

2,126

12,547

36,970

42,385

-57.76%

490.25%

194.66%

14.65%

Dec-08

Dec-09

Dec-10

Dec-11

Dec-12

133.16

154.21

155.15

153.80

210.25

1.62

0.69

4.05

11.93

13.68

BV (Rp)

95.70

96.38

100.43

196.56

209.76

DAR (X)

0.69

0.59

0.58

0.45

0.45

DER(X)

2.26

1.44

1.36

0.83

0.83

ROA (%)

1.02

1.74

2.78

4.95

5.19

Net Income

5,032

Growth (%)
RATIOS
Current Ratio (%)
Dividend (Rp)
EPS (Rp)

-30

2008

2009

2010

NET INCOME (Billion Rupiah)

42
42

37
34

25

ROE (%)

3.33

4.24

6.56

9.06

9.50

GPM (%)

22.55

27.08

30.39

32.92

31.82

OPM (%)

4.26

4.08

5.39

7.64

7.21

NPM (%)

0.34

0.19

1.20

3.07

3.67

Payout Ratio (%)

Yield (%)

13

16

5.0

2.1

-1

2008

2009

2010

2011

2012