IDX LQ45 February 2016 PDF

IDX LQ45
February 2016
Contents
Forewords
LQ45 Index Constituents for the period of February July 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.
ANTM
Aneka Tambang Tbk. [S] (Metal and Mineral Mining, 23) ....................................................................................................................
18
6.
ASII
Astra International Tbk. [S] (Automotive and Components, 42).........................................................................................................
22
7.
ASRI
Alam Sutera Realty Tbk. [S] (Property and Real Estate, 61) ..............................................................................................................
26
8.
BBCA
Bank Central Asia Tbk. (Bank, 81) ...................................................................................................................................................................
30
9.
BBNI
Bank Negara Indonesia (Persero) Tbk. (Bank, 81) ..................................................................................................................................
34
10.
BBRI
Bank Rakyat Indonesia (Persero) Tbk. (Bank, 81) .................................................................................................................................
38
11.
BBTN
Bank Tabungan Negara (Persero) Tbk. (Bank, 81). ................................................................................................................................
42
12.
BMRI
Bank Mandiri (Persero) Tbk. (Bank, 81) ........................................................................................................................................................
46
13.
BMTR
Global Mediacom Tbk. [S] (Investment Company, 98)...........................................................................................................................
50
14.
BSDE
Bumi Serpong Damai Tbk. [S] (Property and Real Estate, 61) ..........................................................................................................
54
15.
CPIN
Charoen Pokphand Indonesia Tbk. [S] (Animal Feed,36) ....................................................................................................................
58
16.
GGRM
Gudang Garam Tbk. (Tobacco Manufacturers, 52) .................................................................................................................................
62
17.
HMSP
HM Sampoerna Tbk. (Tobacco Manufacturers, 52) ................................................................................................................................
66
18.
ICBP
Indofood CBP Sukses Makmur Tbk. [S] (Food and Beverages, 51)
.............................................................................................
70
19.
INCO
Vale Indonesia Tbk. [S] (Metal and Mineral Mining, 23) ........................................................................................................................
74
20.
INDF
Indofood Sukses Makmur Tbk. [S] (Food and Beverages, 51) ..........................................................................................................
78
21.
INTP
Indocement Tunggal Prakasa Tbk. [S] (Cement, 31) ..............................................................................................................................
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.
MYRX
Hanson International Tbk. [S] (Investment Company, 98) ....................................................................................................................
114
30.
PGAS
Perusahaan Gas Negara (Persero) Tbk. [S] (Energy, 71)....................................................................................................................
118
31.
PTBA
Tambang Batubara Bukit Asam (Persero) Tbk. [S] (Coal Mining, 21) ............................................................................................
122
32.
PTPP
PP (Persero) Tbk. [S] (Building Construction, 62) ..................................................................................................
126
33.
PWON
Pakuwon Jati Tbk. [S] (Property and Real Estate, 61) ...........................................................................................................................
130
34.
SCMA
Surya Citra Media Tbk. (Advertising, Printing And Media, 95) ...........................................................................................................
134
35.
SILO
Siloam International Hospitals Tbk. [S] (Healthcare, 96).......................................................................................................................
138
36.
SMGR
Semen Indonesia (Persero) Tbk. [S] (Cement, 31) ..................................................................................................................................
142
37.
SMRA
Summarecon Agung Tbk. [S] (Property and Real Estate, 61) .................................................................................
146
38.
SRIL
Sri Rejeki Isman Tbk. (Textile, Garment, 43) ...........................................................................................................
150
39.
SSMS
Sawit Sumbermas Sarana Tbk. [S] (Plantation, 12) ................................................................................................
154
40.
TBIG
Tower Bersama Infrastructure Tbk. (Non Building Construction, 75) ......................................................................
158
41.
TLKM
Telekomunikasi Indonesia (Persero) Tbk. [S] (Telecommunication, 73) .......................................................................................
162
42.
UNTR
United Tractors Tbk. [S] (Wholesale (Durable and Non-Durable Goods, 91) ..........................................................
166
43.
UNVR
Unilever Indonesia Tbk. [S] (Cosmetics and Household, 54)..............................................................................................................
170
44.
WIKA
Wijaya Karya (Persero) Tbk. [S] (Building Construction, 62) ..............................................................................................................
174
45.
WSKT
Waskita Karya (Persero) Tbk. [S] (Building Construction, 62) .................................................................................
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, February 2016
Research and Development Division
Indonesia Stock Exchange
2016 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 February July 2016
COMPANY REPORT
AALI
ASTRA AGRO LESTARI TBK.
Company Profile
PT Astra Agro Lestari Tbk. was established dated October 3rd, 1988. The Company is
committedtomanageoilpalmplantationwithlocationsspreadoverSumatra,Kalimantan,
andSulawesi,producinghighqualityCrudePalmOil(CPO),tomeetthedemandsofboth
thedomesticandexportmarkets.
ApartfromproducingCPO,theCompanyalsoproducespalmoilderivativeproductsatits
refinery established in West Sulawesi. These palm oil derivative products are aimed to
satisfythedemandsoftheexportmarket.
AsoneofthelargestoilpalmplantationsinIndonesiawhichhasbeenoperatingfor35
years, PT Astra Agro Lestari Tbk (Perseroan) may be considered as role model in
managing oil palm estates. Moreover, through a partnership model with the
communities,boththroughaplasmaprogramandIncomeGeneratingActivities(IGA),the
Companywasabletorealizeitsvisiontobecomealeadingcompanyandcontributetothe
developmentandprosperityofthenation.
In addition to strengthening its position at the upstream sector by managing an area of

297,862 hectares comprising nucleus and plasma plantations, the Company also
strengthened its palm oil downstream business. Owning a palm oil refinery, PT Tanjung
SaranaLestariintheMamujuUtaraRegency,WestSulawesiand50%equitysharesinPT
Kreasijaya Adhikarya in Dumai, Riau Province, has significantly strengthened the
Companyscompetitivenessinthepalmoilbusinesschain.
PTAstraInternationalTbk.istheparententityoftheCompany,whereasJardineMatheson
HoldingsLtd,incorporatedinBermuda,isitsultimateparententity.AsofDecember31st,
2015,theCompanyandsubsidiarieshad36,214permanentemployees.
February 2016
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 : JANUARY 2016
As of 29 January 2016
Main Board
Industry Sector : Agriculture (1)
Industry Sub Sector : Plantation (12)
Individual Index
:
Listed Shares
:
Market Capitalization :
1,321.932
1,574,745,000
26,888,770,875,000
31 | 26.9T | 0.55% | 69.46%

49 | 7.61T | 0.56% | 78.38%
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 Moerdjono Brotodiningrat
2. Juliani Eliza Syaftari
3. 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, 461-6689
Homepage
Email
: www.astra-agro.co.id
: Investor@astra-agro.co.id
SHAREHOLDERS (January 2016)

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
AALI AstraAgroLestariTbk.[S]
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-12
Jan-13
Jan-14
Jan-15
Jan-16
Closing Price*, Jakarta Composite Index (IHSG) and

Agriculture Index
January 2012 - January 2016
60%
45%
30%
18.1%
15%
-15%
-19.9%
-22.2%
-30%
-45%
-60%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014
Volume (Million Sh.)

Value (Billion Rp)
Frequency (Thou. X)
Days
268
5,693
126
246
388
7,542
167
244
439
10,816
436
242
355
7,681
391
244
32
536
35
20
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
14,425
15,850
15,850
17,450
15,600
17,075
17,075
21.94
15.46
3.85
15.62
19.34
3.41
40.32
1.32
2.13
43.43
0.57
2.30
Price (Rupiah)
High
Low
Close
Close*
12.64
PER (X)
33.17
PER Industry (X)
3.31
PBV (X)
* Adjusted price after corporate action
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Closing Price* and Trading Volume

Astra Agro Lestari Tbk. [S]
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
22,550
23,000
23,350
23,750
21,700
22,000
24,000
23,300
23,400
22,100
21,300
19,750
Low
20,550
20,300
18,500
21,000
18,000
19,150
20,100
21,250
19,350
20,200
17,950
17,800
Close
20,600
22,300
23,350
21,400
20,450
20,050
23,000
22,300
21,950
20,950
18,000
19,700
(X)
10,520
10,953
11,605
10,260
12,047
13,159
9,547
5,828
14,218
8,856
7,904
10,801
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
26,150
26,500
26,525
24,300
27,525
25,850
26,000
20,850
18,750
22,100
21,000
18,150
23,150
23,275
23,150
19,500
20,050
21,325
19,675
14,425
14,800
18,025
16,950
15,375
23,250
24,650
24,300
20,350
24,800
22,950
20,075
17,125
18,125
19,900
16,950
15,850
27,912
29,712
26,722
26,871
33,350
32,679
30,222
28,690
36,232
55,619
32,399
30,614
24,553
29,124
25,084
28,559
38,857
24,454
23,184
22,867
30,935
53,626
29,531
24,679
601,935
726,319
637,986
638,079
974,137
576,705
550,225
412,376
544,607
1,054,439
555,340
408,397
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
17,450 15,600 17,075
35,425
32,255
535,544
20
(Thou. Sh.) (Million Rp)

17,532
382,289
26,112
569,072
592,007
26,569
24,103
544,061
23,427
471,617
27,916
579,302
20,808
467,231
10,839
240,513
33,952
728,250
18,910
398,764
15,084
297,057
422,905
22,617
21
21
21
20
21
21
22
19
20
22
20
18
AALI AstraAgroLestariTbk.[S]
Financial Data and Ratios
Public Accountant : Tanudiredja, Wibisana, Rintis & Rekan (Member of PricewaterhouseCoopers Global Network)
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
838,190
227,769
709,090
611,181
294,441
TOTAL ASSETS AND LIABILITIES (Bill. Rp)
(Million Rp except Par Value)
Cash & Cash Equivalents
Assets
Receivables
16,358
50,068
20,554
47,451
88,026
Inventories
769,903
1,249,050
802,978
1,278,120
1,691,575
Current Assets
1,886,387
1,780,395
1,691,694
2,403,615
2,814,123
Fixed Assets
3,424,194
4,918,673
6,493,712
8,335,003
9,361,731
285,155
150,998
422,305
403,741
324,410
Other Assets
Total Assets
10,204,495 12,419,820 14,964,431 18,559,354 21,512,371
21.71%
20.49%
1,440,351
2,600,540
3,759,265
337,986
453,869
941,812
1,778,337
3,054,409
4,701,077
6,725,576
9,813,584
71.76%
53.91%
43.06%
45.91%
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 10,263,354 11,833,778 11,698,787
Growth (%)
Current Liabilities
Long Term Liabilities
Total Liabilities
Book End : December
Growth (%)
24.02%
Liabilities
22,500
18,000
13,500
9,000
15.91%
4,500
4,110,955
3,522,133
2,614,621
6,291,451
2011
2012
2013
2014
2015
TOTAL EQUITY (Bill. Rp)

Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
11.15%
9.59%
15.30%
-1.14%
Dec-12
Dec-13
Dec-14
Dec-15
7.35%
9.60%
28.65%
-19.91%
6,837,674
7,206,837
8,592,003 11,352,975
9,977,118
Gross Profit
3,934,908
4,357,482
4,082,996
4,952,856
3,082,098
601,976
832,589
1,484,383
1,271,019
1,906,585
Growth (%)
Income before Tax

Tax
9,365
2014
2015
7,008
4,593
2,178
-237
2011
2012
2013
TOTAL REVENUES (Bill. Rp)

16,306
16,306
12,979
Other Income (Expenses)
8,426
11,699
9,019,251 10,544,828 10,413,840
Cost of Revenues
Operating Profit
9,423
11,834
10,263
10,772,582 11,564,319 12,674,999 16,305,831 13,059,216
Growth (%)
Expenses (Income)
11,837
3,332,932
3,524,893
2,598,613
3,681,837
1,175,513
834,367
1,004,627
694,729
1,059,765
479,829
2,498,565
2,520,266
1,903,884
2,622,072
695,684
0.87%
-24.46%
37.72%
-73.47%
Growth (%)
10,773
11,564
13,059
12,675
9,653
6,327
3,000
Period Attributable
2,405,564
2,410,259
1,802,193
2,504,467
619,107
Comprehensive Income
2,498,565
2,453,654
1,937,046
2,585,442
689,403
Comprehensive Attributable
2,405,564
2,346,203
1,834,662
2,468,849
612,292
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Current Ratio (%)
130.97
68.46
45.00
58.47
79.90
Dividend (Rp)
995.00
685.00
675.00
960.00
EPS (Rp)
1,527.59
1,530.57
1,144.43
1,590.40
393.15
BV (Rp)
5,350.81
5,947.26
6,517.47
7,514.73
7,429.00
DAR (X)
0.17
0.25
0.31
0.36
0.46
DER(X)
0.21
0.33
0.46
0.57
0.84
ROA (%)
24.48
20.29
12.72
14.13
3.23
ROE (%)
29.65
26.91
18.55
22.16
5.95
GPM (%)
36.53
37.68
32.21
30.37
23.60
OPM (%)
NPM (%)
23.19
21.79
15.02
16.08
5.33
Payout Ratio (%)
65.14
44.75
58.98
60.36
4.59
3.48
2.69
3.96
RATIOS
Yield (%)
-326
2011
2012
2013
2014
2015
PROFIT FOR THE PERIOD (Bill. Rp)

2,621
2,499
2,622
2,520
1,904
2,087
1,552
696
1,017
482
-52
2011
2012
2013
2014
2015
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).
February 2016
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)
Individual Index
:
Listed Shares
:
2,002.623
3,560,849,376
9,080,165,908,800
81 | 9.08T | 0.19% | 84.27%

25 | 15.0T | 1.10% | 59.86%
COMPANY HISTORY
Established Date
: 11-Mar-1960
Listing Date
: 18-Mar-2004
Under Writer IPO :
PT Ciptadana Sekuritas
PT Datindo Entrycom
Wisma Sudirman - Puri Datindo
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220
Phone : (021) 570-9009
Fax
: (021) 570-9026
1. M. Fadjroel Rachman
2. Bobby AA. Nazief
3. Hironimus Hilapok *)
4. Muchlis Rantoni Luddin *)
5. Rildo Ananda Anwar
6. Wicipto Setiadi
BOARD OF DIRECTORS
1. Kiswodarmawan
2. Adji Satmoko
3. Budi Saddewa Soediro
4. Djoko Prabowo
5. Haris Gunawan
6. Pundjung Setya Brata
AUDIT COMMITTEE
1. Muchlis R. Luddin
2. Mukti Wibowo
3. Syaiful

1. Negara Republik Indonesia
2. Public (<5%)
1,816,046,624 :
1,744,802,752 :
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
51.00%
49.00%
Payment
Date
23-Jul-04
06-Jul-05
08-Aug-06
03-Aug-07
22-Jul-09
19-Jul-10
20-Jul-11
22-Jun-12
29-May-13
25-Apr-14
22-Apr-15
F
F
F
F
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
Employee Management Buy Out (EMBO)
Employee Stock Allocation (ESA)

Right Issue I
Right Issue I
Right Issue I
Right Issue I
Right Issue I
Right Issue I
Shares
397,188,000
918,680,000
441,320,000
44,132,000
897,366,624
259,180,948
90,316,424
313,084,300
169,499,395
30,081,685
Listing
Date
18-Mar-04
18-Mar-04
18-Mar-04
18-Mar-04
09-Oct-15
13-Oct-15
15-Oct-15
16-Oct-15
19-Oct-15
21-Oct-15
Trading
Date
18-Mar-04
18-Mar-04
03-Jul-06
26-Jun-04
09-Oct-15
13-Oct-15
15-Oct-15
16-Oct-15
19-Oct-15
21-Oct-15
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
ADHI AdhiKarya(Persero)Tbk.[S]
Closing
Price*
Volume
(Mill. Sh)
3,400
240
2,975
210
2,550
180
2,125
150
1,700
120
1,275
90
850
60
425
30
Jan-12
Jan-13
Jan-14
Jan-15
Jan-16

Property, Real Estate and Bulding Construction Index
595%
510%
425%
409.4%
340%
255%
170%
103.1%
85%
19.6%
-85%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
2,209
2,571
105
246
5,112
11,472
341
244
6,662
18,415
667
242
5,887
15,087
767
244
857
2,028
71
20
Price (Rupiah)
High
Low
Close
Close*
2,100
570
1,760
1,493
4,000
1,460
1,510
1,281
3,625
1,425
3,480
2,953
3,870
1,665
2,140
2,140
2,580
2,070
2,550
2,550
6.70
9.57
1.76
46.54
16.29
4.10
41.61
18.66
4.55
49.58
17.68
5.42
14.84
PER (X)
17.34
PER Industry (X)
2.68
PBV (X)
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Adhi Karya (Persero) Tbk. [S]
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
720
750
800
1,040
1,140
1,010
1,050
960
1,090
1,440
1,910
2,100
Low
570
680
700
750
940
860
860
830
870
1,000
1,360
1,630
Close
690
710
800
990
970
990
910
900
1,040
1,410
1,890
1,760
(X)
8,235
4,743
4,622
11,373
7,410
3,027
4,409
4,771
5,588
12,885
13,164
24,655
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
3,780
3,870
3,475
3,180
2,940
2,540
2,795
2,340
2,340
2,410
2,345
2,270
3,320
3,330
2,990
2,680
2,490
1,910
2,010
1,665
1,855
1,850
2,105
2,040
3,695
64,117
3,440
64,269
3,055
49,578
2,765
47,276
2,505
43,538
2,020
59,436
2,300
89,892
1,995
70,761
2,250
85,168
2,230 102,153
2,200
55,399
2,140
34,926
576,447
520,481
297,973
291,008
232,483
343,741
672,513
366,814
525,345
1,201,936
540,360
317,411
2,067,005
1,843,502
949,746
876,099
639,163
745,375
1,613,341
731,984
1,119,272
2,604,099
1,214,604
683,169
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
2,580
2,070
2,550
856,813
2,027,511
20
70,823

193,549
126,624
129,177
92,626
107,316
79,249
280,632
306,721
202,611
210,502
59,294
56,177
84,526
79,675
85,274
76,887
119,462
116,886
345,507
284,217
272,742
431,698
363,628
674,866
21
21
21
20
21
21
22
19
20
22
20
18
ADHI AdhiKarya(Persero)Tbk.[S]
Book End : December
Public Accountant : Amir Abadi Jusuf, Aryanto, Mawar & Rekan (Member of RSM International)
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
552,203
948,846
1,939,960
811,412
4,317,348
Receivables
1,657,080
2,332,098
2,705,085
3,214,051
3,311,392
Inventories
68,562
116,552
161,560
132,014
162,651
Investment
197,644
62,804
60,034
45,250
399,640
Fixed Assets
220,861
187,437
271,257
496,096
1,099,427
65,081
27,893
186,808
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 16,761,064
23.49%
10,500
7,000
60.26%
3,500
-
192,017
200,920
211,800
771,500
1,620,236
3,132,496
4,276,690
4,767,420
4,923,213
6,489,310
Total Liabilities
5,122,586
6,691,155
8,172,499
8,707,338 11,598,932
30.62%
22.14%
6.54%
33.21%
Growth (%)
14,000
7.59%
Trade Payable
Bank Payable
Liabilities
17,500
2011
2012
2013
2014
2015

Authorized Capital
544,000
544,000
544,000
544,000
544,000
Paid up Capital
180,132
180,132
180,132
180,132
356,085
1,801
1,801
1,801
1,801
3,561
100
100
100
100
100

Par Value
Retained Earnings
790,784
943,642
1,307,301
1,509,579
1,789,885
Total Equity
990,368
1,180,919
1,548,463
1,751,543
5,162,132
19.24%
31.12%
13.11%
194.72%
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
6,695,112
7,627,703
9,799,598
8,653,578
9,389,570
13.93%
28.47%
-11.69%
8.51%
8,414,926
Growth (%)
5,960,704
6,671,815
8,606,444
7,655,377
Gross Profit
799,042
1,043,220
1,247,711
998,202
974,644
Operating Expenses
385,498
531,378
425,009
273,318
123,915
Operating Profit
413,544
724,884
850,730
Cost of Revenues
17.36%
Growth (%)
5,162
5,162
4,109
3,056
2,003
-87,164
-88,526
-108,337
-125,327
-104,639
Income before Tax
326,380
423,315
714,365
599,557
746,091
Tax
143,687
209,998
305,927
267,896
281,066
182,693
213,318
408,438
331,661
465,026
16.76%
91.47%
-18.80%
40.21%
Growth (%)
1,548
1,752
950
-103
2011
2012
2013
2014
2015

9,800
8,654
9,800
9,390
7,628
7,800
1,181
990
6,695
5,801
3,802
1,803
Period Attributable
182,116
211,590
405,977
329,075
463,685
182,727
213,651
409,862
304,311
878,754
182,150
211,924
407,401
301,726
877,408
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
30.33
23.49
67.61
35.98
EPS (Rp)
101.10
117.46
225.38
182.69
130.22
BV (Rp)
549.80
655.59
859.63
972.37
1,449.69
DAR (X)
0.84
0.85
0.84
0.83
0.69
DER(X)
5.17
5.67
5.28
4.97
2.25
ROA (%)
2.99
2.71
4.20
3.17
2.77
ROE (%)
18.45
18.06
26.38
18.94
9.01
GPM (%)
11.93
13.68
12.73
11.54
10.38
OPM (%)
6.18
8.38
9.06
NPM (%)
2.73
2.80
4.17
3.83
4.95
30.00
20.00
30.00
19.70
5.23
1.33
4.48
1.03
Dividend (Rp)
Payout Ratio (%)

Yield (%)
-196
2011
2012
2013
2014
2015

465
408
332
370
275
183
213
180
86
-9
2011
2012
2013
2014
2015
COMPANY REPORT
ADRO
ADARO ENERGY TBK.
Company Profile
PTAdaroEnergyTbk.wasestablishedJuly28th,2004.TheCompanyisengagedintrading,
services, industry, coal hauling, workshop activities, mining and construction. The
Companys subsidiaries are engaged in coal mining, coal trading, mining contractor
services,infrastructure,coallogisticsandpowergenerationactivities.
The Company commenced its commercial operations in July 2005. The Companys head
office is domiciled in Jakarta and located at Menara Karya Building, 23rd Floor, Jln. H.R.
RasunaSaidBlockX5,Kav.12,SouthJakarta.
PT Adaro Energy Tbk. is a vertically integrated group; in addition to its core mining
subsidiary Adaro Indonesia, it owns subsidiaries along the length of its coal supply chain
frompittoporttopower,includinginmining,barging,shiploading,dredging,portservices,
marketingandpowergeneration.
The subsidiaries combine with a range of contractors to produce and deliver coal with
industryleadingefficiencyandlowcost.
AsatDecember31st,2015theGrouphad7,847permanentemployees.
February 2016
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 AdaroEnergyTbk.[S]
Main Board
Industry Sector : Mining (2)
Industry Sub Sector : Coal Mining (21)
Individual Index
:
Listed Shares
:
47.727
31,985,962,000
16,792,630,050,000
45 | 16.8T | 0.34% | 75.48%

46 | 8.43T | 0.62% | 76.65%
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,
Karet - Setiabudi, Jakarta 12920

Phone : (021) 521-2316, 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
2015
Shares
Dividend
11.80
12.00
17.00
9.85
20.50
21.35
53.66
12.13
10.65
12.36
15.30
13.47
11.73
18.52
15.29
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
28-Dec-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
29-Dec-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
04-Jan-16
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
15-Jan-16
F
I
F
I
F
I
F
I
I
F
I
F
I
F
I
ISSUED HISTORY
No. Type of Listing
1. First Issue
2. Company Listing
Shares
11,139,331,000
20,846,631,000
Listing
Date
16-Jul-08
16-Jul-08
Trading
Date
16-Jul-08
16-Apr-09
AUDIT COMMITTEE
1. Palgunadi Tatit Setyawan
2. Irwandy Arif
3. Mamat Ma'mun
CORPORATE SECRETARY
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)
2,200
320
1,925
280
1,650
240
1,375
200
1,100
160
825
120
550
80
275
40
Jan-12
Jan-13
Jan-14
Jan-15
Jan-16

Mining Index
60%
40%
20%
18.1%
-20%
-40%
-60%
-69.9%
-71.3%
-80%
-100%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
11,350
18,253
392
246
13,864
15,019
469
244
15,254
16,751
730
242
11,977
9,198
647
244
718
349
50
20
2,025
1,180
1,590
1,590
1,770
640
1,090
1,090
1,390
870
1,040
1,040
1,050
441
515
515
540
437
525
525
12.29
20.76
0.89
9.27
3.23
0.81
4.68
5.06
0.33
4.77
5.67
0.34
Price (Rupiah)
High
Low
Close
Close*
Freq.
Volume
Value
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
1,860
2,025
1,980
1,970
1,880
1,490
1,630
1,610
1,610
1,490
1,430
1,610
Low
1,750
1,790
1,870
1,770
1,460
1,180
1,320
1,330
1,350
1,340
1,320
1,320
Close
1,830
1,920
1,930
1,860
1,470
1,450
1,460
1,370
1,500
1,370
1,340
1,590
(X)
36,837
42,144
33,313
31,778
31,426
48,253
39,070
25,007
26,552
25,135
23,953
28,273
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
1,050
1,025
1,035
990
940
925
775
650
630
710
660
560
925
940
935
835
835
755
550
467
510
515
525
441
1,000
960
950
875
860
760
590
595
535
595
550
515
70,943
53,979
61,722
49,786
42,790
44,264
58,960
66,912
44,300
72,138
40,268
41,140
1,137,115
1,400,629
1,137,398
716,447
883,826
547,730
1,163,030
1,314,901
786,360
1,316,804
801,156
771,262
1,117,884
1,385,742
1,117,337
686,954
789,582
454,253
730,274
741,787
457,284
825,705
481,184
409,713
21
19
22
21
19
21
19
20
21
21
21
19
540
437
525
49,972
717,704
348,594
20
Jan-16
13.78
PER (X)
8.49
PER Industry (X)
1.76
PBV (X)
12
2015 Jan-16
Closing Price
Day
TRADING ACTIVITIES

Adaro Energy Tbk. [S]

999,140 1,807,345
1,294,177 2,500,859
1,076,242 2,056,482
801,403 1,481,681
824,427 1,400,499
1,628,248 2,145,363
896,114 1,301,281
589,119
876,431
550,208
825,189
973,400 1,379,202
651,960
899,730
1,065,599 1,578,648
21
21
21
20
21
21
22
19
20
22
20
18
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
5,067,851
4,838,559
8,354,692
9,267,904
9,689,623
Receivables
4,396,801
4,692,058
3,822,657
3,571,196
2,732,288
Inventories
475,345
623,589
1,260,706
1,203,096
1,004,079
BALANCE SHEET
Assets
Current Assets
11,765,957 13,672,171 16,820,685 15,814,016 15,070,207
Fixed Assets
12,988,087 17,106,385 20,930,154 20,104,075 20,237,329
Other Assets
Total Assets
125,873
96,226
248,811
268,605
359,651
51,315,458 64,714,116 82,623,566 79,762,813 82,193,328
Growth (%)
Current Liabilities
Book End : December
7,065,795
52,500
35,000
27.67%
-3.46%
3.05%
17,500
8,695,486
9,493,041
9,632,863
6,269,001
22,103,586 27,056,457 33,927,838 29,595,155 29,672,453
Total Liabilities
29,169,380 35,751,943 43,420,880 39,228,019 35,941,453
Growth (%)
70,000
26.11%
22.57%
21.45%
-9.66%
-8.38%
Liabilities
87,500
2011
2012
2013
2014
2015

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 40,534,794 46,251,875
INCOME STATEMENTS
Dec-11
30.78%
35.36%
3.40%
14.10%
Dec-12
Dec-13
Dec-14
Dec-15
-0.45%
11.98%
2.60%
-10.46%
Cost of Revenues
23,205,121 25,914,314 31,238,880 32,404,572 29,535,382
Gross Profit
12,952,668 10,082,155
9,069,812
8,950,649
7,494,280
1,313,246
1,994,321
2,514,135
2,859,099
2,916,314
11,639,422
8,087,833
6,555,677
6,091,551
4,577,967
-30.51%
-18.94%
-7.08%
-24.85%
-2,547,745
-1,186,122
-1,411,062
-2,091,648
-716,019
Income before Tax
9,091,677
6,901,711
5,144,615
3,999,903
3,861,948
Tax
4,085,207
3,195,132
2,331,558
1,721,080
1,779,012
5,006,470
3,706,579
2,813,057
2,278,822
2,082,935
-25.96%
-24.11%
-18.99%
-8.60%
Operating Profit
2013
2014
28,962
27,381
22,146
17,946
8,510
36,157,789 35,996,469 40,308,692 41,355,222 37,029,662
Growth (%)
Expenses (Income)
40,535
36,816
8,542,056 10,314,612 14,940,038 16,302,141 19,132,402
Growth (%)
Total Revenues
46,252
39,203
46,252
Growth (%)
-925
2011
2012
2015

41,355
36,158
35,996
2011
2012
40,309
41,355
2013
2014
37,030
32,919
Growth (%)
24,482
16,046
7,609
Period Attributable
4,990,610
3,726,305
2,837,204
2,212,327
2,102,757
5,073,546
3,691,474
2,765,793
1,845,565
2,433,220
5,057,940
3,711,201
2,774,247
1,811,888
2,467,512
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
166.52
157.23
177.19
164.17
240.39
RATIOS
Current Ratio (%)
75.01
35.15
28.77
30.24
15.29
EPS (Rp)
156.03
116.50
88.70
69.17
65.74
BV (Rp)
692.37
905.47
1,225.62
1,267.27
1,446.01
DAR (X)
0.57
0.55
0.53
0.49
0.44
DER(X)
1.32
1.23
1.11
0.97
0.78
ROA (%)
9.76
5.73
3.40
2.86
2.53
ROE (%)
22.61
12.80
7.18
5.62
4.50
GPM (%)
35.82
28.01
22.50
21.64
20.24
OPM (%)
32.19
22.47
16.26
14.73
12.36
NPM (%)
13.85
10.30
6.98
5.51
5.63
Payout Ratio (%)
48.08
30.17
32.43
43.72
23.25
4.24
2.21
2.64
2.91
2.97
Dividend (Rp)
Yield (%)
-827
2015

5,006
5,006
3,707
3,985
2,813
2,964
2,279
2,083
1,943
921
-100
2011
2012
2013
2014
2015
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.
February 2016
Disclaimer:
14
AKRA AKRCorporindoTbk.[S]
Main Board
Industry Sector : Trade, Services & Investment (9)
Industry Sub Sector : Wholesale (Durable & Non-Durable Goods) (91)
Individual Index
:
Listed Shares
:
5,857.927
3,949,030,235
29,025,372,227,250
30 | 29.0T | 0.59% | 68.91%

29 | 13.0T | 0.95% | 63.97%
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. Mari Elka Pangestu
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%)
2,336,456,120 :
1,612,574,115 :
Bonus
Cash
Year
1994
1995
1995
1996
2002
2003
2005
2006
2007
2008
2009
2010
2010
2010
2011
2011
2012
2012
2013
2013
2014
2014
2015
Shares
Dividend
50.00
230.00
10 : 6
50.00
25.00
50.00
100.00
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
11-Jul-95
From
26-Feb-96
23-Jun-97
03-Sep-03
28-Jun-04
From
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
20-Jul-95
Until
06-Mar-96
01-Aug-97
08-Sep-03
01-Jul-04
Until
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
12-Jul-95
30-Jan-95
27-Feb-96
24-Jun-97
04-Sep-03
29-Jun-04
03-May-05
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
59.17%
40.83%
Payment
Date
11-Aug-95
11-Jul-96
29-Mar-96
26-Aug-97
19-Sep-03
14-Jul-04
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
F
F
B
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.
20.
21.
22.
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) v3, MSOP II (2013) v2
MSOP I (2012) v3, MSOP II (2013) v2, MSOP 2014
MSOP Tahap I Tahun 2012 Vesting 3

MSOP Tahap II Tahun 2013 Vesting 2
MSOP Tahun 2014 Vesting 1
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
3,735,000
3,546,261
2,036,400
T:
T:
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
05-Oct-15
05-Oct-15
07-Oct-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
05-Oct-15
08-Oct-15
12-Oct-15
15
Closing
Price*
Volume
(Mill. Sh)
7,800
160
6,825
140
5,850
120
4,875
100
3,900
80
2,925
60
1,950
40
975
20
Jan-12
Jan-13
Jan-14
Jan-15
Jan-16

Trade, Sevices and Investment Index
175%
150%
131.5%
125%
100%
75%
50%
33.4%
25%
18.1%
-25%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
3,297
12,604
275
246
2,637
12,158
251
244
2,141
9,991
385
242
2,316
12,745
481
244
204
1,470
51
20
4,700
3,000
4,150
4,150
6,100
3,475
4,375
4,375
5,825
3,950
4,120
4,120
7,300
4,110
7,175
7,175
7,900
6,700
7,350
7,350
26.19
15.42
3.17
20.90
22.13
2.84
25.14
12.43
4.03
25.75
12.79
4.13
Price (Rupiah)
High
Low
Close
Close*
21.15
PER (X)
19.08
PER Industry (X)
3.80
PBV (X)
16
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

AKR Corporindo Tbk. [S]
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
3,650
3,900
4,425
4,350
4,200
3,775
3,950
3,750
4,275
4,550
4,700
4,325
Low
3,000
3,500
3,550
4,000
3,325
3,150
3,500
3,325
3,450
3,975
4,225
3,950
Close
3,650
3,600
4,300
4,125
3,375
3,475
3,650
3,500
4,250
4,450
4,300
4,150
(X)
39,838
22,274
24,831
23,979
23,693
21,238
27,387
18,714
20,476
18,786
17,677
16,535
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
4,750
4,920
5,200
5,675
5,775
6,225
6,100
6,100
6,075
6,225
6,200
7,300
4,110
4,565
4,800
4,960
5,000
5,100
5,200
5,225
5,500
5,600
5,775
6,075
4,695
4,870
5,125
5,200
5,475
5,925
5,750
6,075
5,850
5,900
6,100
7,175
50,776
27,389
24,742
32,243
22,396
24,500
34,681
34,867
45,702
68,112
70,486
45,178
274,374
161,693
198,686
261,347
111,597
114,486
155,464
161,322
175,509
205,663
339,847
156,416
1,245,406
768,346
999,074
1,384,596
601,606
645,479
877,200
912,186
1,012,181
1,197,809
2,046,075
1,055,458
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
7,900
6,700
7,350
51,362
203,633
1,469,733
20

414,607 1,404,452
284,426 1,042,116
311,040 1,231,547
243,621 1,019,079
271,922 1,014,240
224,399
789,842
311,055 1,151,428
297,106 1,049,276
278,456 1,072,492
216,605
931,478
217,527
962,649
935,688
226,058
21
21
21
20
21
21
22
19
20
22
20
18
Book End : December
Public Accountant : Purwantono, Suherman & Surja (Member of Ernst & Young Global Limited)
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
1,329,789
1,884,943
820,065
896,591
1,289,809
Receivables
2,189,012
3,224,397
4,351,773
4,350,615
3,093,357
Inventories
1,250,135
1,415,169
1,823,246
934,877
2,598,793
Current Assets
5,239,361
7,414,601
7,723,315
6,719,745
7,285,599
Fixed Assets
2,437,215
3,177,350
4,226,692
4,390,207
4,469,498
40,371
24,372
20,218
21,220
40,963
BALANCE SHEET
Other Assets
Total Assets
Assets
8,308,244 11,787,525 14,633,141 14,791,917 15,203,130
41.88%
Growth (%)
Current Liabilities
Total Liabilities
9,750
6,500
1.09%
2.78%
3,250
-
5,142,386
6,593,292
6,183,756
4,871,402
873,528
2,435,399
2,676,688
2,646,978
3,045,552
4,733,540
7,577,785
9,269,980
8,830,735
7,916,954
60.09%
22.33%
-4.74%
-10.35%
Growth (%)
13,000
24.14%
3,860,012
Liabilities
16,250
2011
2012
2013
2014
2015

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
Retained Earnings
2,222,920
2,931,851
3,289,047
3,845,417
4,375,360
Total Equity
3,574,704
4,209,740
5,363,161
5,961,183
7,286,175
17.76%
27.40%
11.15%
22.23%
Dec-12
Dec-13
Dec-14
Dec-15

Par Value
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
15.25%
3.06%
0.58%
-12.03%
5,961
4,210
4,313
3,575
2,827
1,341
-146
2011
2012
2013
2014
2015
17,787,552 20,412,678 20,970,288 20,736,407 17,548,827

1,018,398
1,261,276
1,367,641
1,731,920
Expenses (Income)
302,869
430,920
600,059
695,937
866,825
Operating Profit
715,529
830,356
767,582
1,063,170
1,349,170
16.05%
-7.56%
38.51%
26.90%
Gross Profit
5,363
5,800
18,805,950 21,673,954 22,337,928 22,468,328 19,764,821
Growth (%)
Cost of Revenues
7,286
7,286
Growth (%)
2,215,994

21,674
22,338
2012
2013
22,468
19,765
22,468
18,806
17,885
24,443
-20,673
-37,581
-69,826
-32,149
Income before Tax
739,972
809,682
733,053
993,344
1,317,021
Tax
145,838
190,849
117,426
202,780
233,174
618,833
615,627
790,563
1,058,741
-72.91%
-0.52%
28.42%
33.92%
2,284,080
Growth (%)
13,301
8,718
4,134
Period Attributable
2,293,427
649,314
648,250
810,094
1,033,630
2,331,631
755,870
980,588
739,586
1,084,776
2,339,138
775,371
969,250
756,333
1,046,610
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
135.73
144.19
117.14
108.67
149.56
Dividend (Rp)
225.00
105.00
115.00
130.00
100.00
EPS (Rp)
600.06
168.59
167.04
206.99
262.36
BV (Rp)
935.30
1,093.03
1,382.00
1,523.18
1,849.42
DAR (X)
0.57
0.64
0.63
0.60
0.52
DER(X)
1.32
1.80
1.73
1.48
1.09
ROA (%)
27.49
5.25
4.21
5.34
6.96
ROE (%)
63.90
14.70
11.48
13.26
14.53
GPM (%)
5.42
5.82
6.12
7.71
11.21
OPM (%)
3.80
3.83
3.44
4.73
6.83
NPM (%)
12.15
2.86
2.76
3.52
5.36
Payout Ratio (%)
37.50
62.28
68.84
62.80
38.12
7.44
2.53
2.63
3.16
1.39
RATIOS
Current Ratio (%)
Yield (%)
-449
2011
2014
2015

2,284
2,284
1,818
1,059
1,352
886
619
616
2012
2013
791
420
-46
2011
2014
2015
17
COMPANY REPORT
ANTM
ANEKA TAMBANG (PERSERO) TBK.
Company Profile
ANTAMisaverticallyintegrated,exportoriented,diversifiedminingandmetalscompany.
With operations spread throughout the mineralrich Indonesian archipelago, ANTAM
undertakesallactivitiesfromexploration,excavation,processingthroughtomarketingof
nickelore,ferronickel,gold,silver,bauxiteandcoal.Thecompanyhaslongtermloyalblue
chip customers in Europe and Asia. Due to the vastness of the company's licensed
explorationareasaswellasitsknownlargeholdingsofhighqualityreservesandresources,
ANTAMhasformedseveraljointventureswithinternationalpartnerstoprofitablydevelop
geologicalorebodiesintoprofitablemines.
ANTAM's objectives are centered on increasing shareholder value. The company's main
objective is to enhance shareholder value by lowering costs while profitably expanding
operationsinasustainablemanner.ThestrategymaintainsfocusonANTAM'scorebusiness
of nickel, gold and bauxite with a view to maximizing output in order to increase cash
generationandlowerunitcosts.ANTAMplanstosustaingrowththroughreliableexpansion
projects,strategicalliances,increasingqualityreservesandaddingvaluebymovingaway
from selling raw materials and increasing processing activities. ANTAM will also maintain
financial strength. By generating as much cash as possible ANTAM ensures it will have
sufficientfundstorepaydebts,financecontinuedgrowthandpaydividends.Loweringcosts
meansoperatingmoreefficientlyandproductively,aswellasincreasingcapacitytobenefit
fromeconomiesofscale.
2015wasachallengingyearfortheglobalminingindustryduelowercommoditypricesasa
result of the slowdown in global economy condition. Despite these challenges, in 2015
ANTAMsoperationalperformanceremainedpositive.ANTAMwasfocusingoninnovation
and efficiency in its line of businesses. ANTAM also strived to create and implement its
winningstrategytocapturethegrowthpotentialdespitechallengingtimes.ANTAMsefforts
to ensure the successful delivery of its commitment will determine the companys
sustainability.Throughtheseefforts,ANTAMremainedoptimisticofitsfuture.
February 2016
Disclaimer:
18
ANTM Aneka Tambang (Persero) Tbk. [S]
Main Board
Industry Sub Sector : Metal And Mineral Mining (23)
Individual Index
:
Listed Shares
:
216.918
24,030,764,725
7,906,121,594,525
91 | 7.91T | 0.16% | 85.98%

58 | 5.76T | 0.42% | 82.62%
COMPANY HISTORY
Established Date
: 05-Jul-1968
Listing Date
: 27-Nov-1997
Under Writer IPO :
PT Danareksa Sekuritas
PT Bahana Securities
PT Pentasena Arthasentosa
PT Datindo Entrycom
Phone : (021) 570-9009
Fax
: (021) 570-9026
1. Fachrul Razi
2. Bambang Gatot Ariyono
3. Hikmahanto Juawana *)
4. Laode M. Kamaluddin *)
5. Robert A. Simanjuntak
6. Zaelani
BOARD OF DIRECTORS
1. Tedy Badrujaman
2. Agus Zamzam Jamaludin
3. Dimas Wikan Pramudhito
4. Hari Widjajanto
5. I Made Surata
6. Johan N.B Nababan
AUDIT COMMITTEE
1. Laode M. Kamaluddin
2. Musyid Amal
3. Rukmana Nugraha Adhi
4. Zaelani
CORPORATE SECRETARY
Tri Hartono
HEAD OFFICE
Aneka Tambang Building
Jln. Letjen TB. Simatupang No. 1
Jakarta 12530

2. Public (<5%)
15,620,000,000 :
8,410,764,725 :
Bonus
Cash
Year
1997
1997
1998
1998
1999
2000
2000
2001
2001
2001
2002
2003
2004
2005
2005
2006
2007
2008
2009
2010
2011
2012
2013
Shares
Dividend
11.00
11.59
50.00
53.87
79.19
80.00
75.66
100 : 55
47.10
46.77
34.42
38.60
19.60
128.48
150.05
325.58
215.23
57.47
25.38
70.71
90.99
47.09
9.67
Cum Date
29-Jun-98
01-Oct-98
29-Jun-99
04-Oct-99
05-Jun-00
23-Jul-01
23-Oct-01
10-Jul-02
05-Aug-02
28-Oct-02
17-Jul-03
18-Jun-04
23-Dec-04
20-Jun-05
22-Jun-06
21-Jun-07
17-Jul-08
17-Jun-09
28-Jun-10
06-Jul-11
27-Jun-12
29-May-13
29-Apr-14
Ex Date
30-Jun-98
02-Oct-98
30-Jun-99
05-Oct-99
06-Jun-00
24-Jul-01
24-Oct-01
11-Jul-02
06-Aug-02
29-Oct-02
18-Jul-03
21-Jun-04
27-Dec-04
21-Jun-05
23-Jun-06
22-Jun-07
18-Jul-08
18-Jun-09
29-Jun-10
07-Jul-11
28-Jun-12
30-May-13
30-Apr-14
Recording
Date
09-Jul-98
12-Oct-98
08-Jul-99
13-Oct-99
14-Jun-00
27-Jul-01
29-Oct-01
17-Jul-02
09-Aug-02
01-Nov-02
21-Jul-03
23-Jun-04
29-Dec-04
23-Jun-05
27-Jun-06
26-Jun-07
22-Jul-08
22-Jun-09
01-Jul-10
11-Jul-11
02-Jul-12
03-Jun-13
05-May-14
65.00%
35.00%
Payment
Date
06-Aug-98
09-Nov-98
06-Aug-99
10-Nov-99
28-Jun-00
10-Aug-01
12-Nov-01
30-Jul-02
23-Aug-02
15-Nov-02
05-Aug-03
30-Jun-04
10-Jan-05
30-Jun-05
11-Jul-06
06-Jul-07
01-Aug-08
03-Jul-09
15-Jul-10
25-Jul-11
16-Jul-12
18-Jun-13
20-May-14
F
F
F
F
F
F
F
B
F
F
F
F
I
F
F
F
F
F
F
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Type of Listing
Negara RI (Seri A)
First Issue
Company Listing
Bonus Shares
Stock Split
Right Issue I
Right Issue I
Right Issue I
Right Issue I
Right Issue I
Shares
1
430,769,000
799,999,999
676,922,950
7,630,767,800
9,770,941,207
1,419,898,697
1,738,706,667
1,144,096,939
418,661,465
Listing
Date
27-Nov-97
27-Nov-97
27-Nov-97
30-Jul-02
12-Jul-07
27-Oct-15
28-Oct-15
30-Oct-15
02-Nov-15
03-Nov-15
Trading
Date
16-Jun-10
27-Nov-97
31-Jul-98
30-Jul-02
12-Jul-07
27-Oct-15
28-Oct-15
30-Oct-15
02-Nov-15
03-Nov-15
Phone : (021) 780-5119, 789-1234, 781-2635

Fax
: (021) 781-2822, 789-1224
Homepage
Email
F/I
: www.antam.com
: corsec@antam.com
19

Closing
Price*
Volume
(Mill. Sh)
2,400
800
2,100
700
1,800
600
1,500
500
1,200
400
900
300
600
200
300
100
Jan-12
Jan-13
Jan-14
Jan-15
Jan-16

Mining Index
120%
90%
79.2%
60%
30%
-30%
-60%
-65.2%
-83.0%
-90%
-120%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
3,820
5,415
263
246
4,137
5,465
282
244
6,313
7,046
381
242
12,009
5,387
515
244
2,411
759
63
20
Price (Rupiah)
High
Low
Close
Close*
2,025
1,120
1,280
1,075
1,620
930
1,090
916
1,290
920
1,065
895
1,135
285
314
314
335
292
329
329
25.36
20.76
0.81
-13.51
3.23
0.84
-5.45
5.06
0.56
-5.71
5.67
0.59
Freq.
Volume
Value
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
1,900
2,025
1,950
1,880
1,740
1,420
1,430
1,310
1,430
1,380
1,310
1,310
Low
1,610
1,850
1,760
1,690
1,130
1,120
1,250
1,200
1,220
1,260
1,220
1,220
Close
1,880
1,960
1,800
1,720
1,150
1,340
1,280
1,240
1,350
1,280
1,240
1,280
(X)
21,460
19,018
18,690
20,048
36,598
44,270
19,719
13,345
25,003
18,561
12,016
14,100
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
1,410
1,410
1,460
1,390
1,280
1,320
1,420
1,540
1,620
1,610
1,300
1,280
1,260
1,270
1,340
1,260
960
930
1,160
1,290
1,410
1,250
990
1,360
1,290
1,370
1,380
1,280
1,000
1,160
1,330
1,420
1,600
1,260
1,090
22,216
21,263
21,935
29,241
12,742
19,890
35,090
28,844
26,297
19,048
20,019
25,778
334,911
276,248
369,713
379,964
163,731
222,828
484,551
459,193
466,526
291,081
304,490
383,286
459,571
370,664
498,521
531,390
219,021
239,560
558,097
604,265
670,454
444,388
419,207
449,913
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
1,080
1,190
1,265
1,290
1,210
1,270
1,275
1,225
1,110
1,010
1,120
950
995
1,025
1,065
1,140
1,070
1,085
1,185
1,070
925
920
945
1,030
1,040
1,135
1,175
1,200
1,090
1,270
1,195
1,110
970
980
1,065
43,472
34,919
53,411
38,135
37,606
20,978
24,346
21,286
25,680
35,500
20,237
25,530
652,147
573,538
1,188,495
798,966
849,434
284,324
403,327
316,265
282,688
400,479
247,078
315,920
670,288
597,164
1,334,140
930,016
1,038,684
330,285
476,916
391,847
327,543
390,151
237,171
321,526
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
1,135
1,080
1,020
925
840
780
685
655
540
540
380
337
1,015
990
850
790
760
675
475
450
465
372
306
285
1,065
27,277
1,005
15,857
865
18,637
795
13,826
760
14,217
680
14,582
475
16,768
500
46,189
486
34,277
378 131,861
315 131,304
314
50,579
358,666
198,657
173,597
119,720
142,077
105,278
144,244
739,580
416,378
3,888,004
4,300,732
1,421,659
386,504
206,880
176,292
111,098
114,866
77,529
131,865
428,743
208,489
1,600,412
1,499,127
445,595
21
19
22
21
19
21
19
20
21
21
21
19
335
292
2,410,865
759,355
20
Jan-16
4.08
PER (X)
8.49
PER Industry (X)
0.95
PBV (X)
20
2015 Jan-16
Closing Price
Day
TRADING ACTIVITIES

Aneka Tambang (Persero) Tbk. [S]
329
62,777

294,174
514,604
421,270
218,301
202,265
372,554
217,725
386,105
698,455
899,892
961,176 1,208,483
276,788
374,594
113,522
141,641
318,219
429,649
182,987
239,942
107,020
135,154
229,189
290,864
21
21
21
20
21
21
22
19
20
22
20
18

Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
5,639,679
3,868,575
2,792,738
2,618,910
8,086,634
Receivables
1,347,420
1,846,918
1,189,692
1,098,938
578,145
Inventories
1,687,897
1,449,968
2,445,934
1,761,888
1,752,585
Current Assets
9,108,020
7,646,851
7,080,437
6,343,110 11,252,827
Fixed Assets
2,980,743
4,663,449
6,700,156
8,699,660 12,267,804
34,688
61,874
72,239
BALANCE SHEET
Other Assets
Total Assets
Assets
88,724
81,249
15,201,235 19,708,541 21,865,117 22,044,202 30,356,851
Growth (%)
21,000
14,000
0.82%
37.71%
7,000
-
855,830
3,041,406
3,855,512
3,862,917
4,339,330
3,834,819
5,216,118
6,251,724
7,700,802
Total Liabilities
4,429,192
6,876,225
9,071,630 10,114,641 12,040,132
55.25%
31.93%
11.50%
19.04%
3,800,000
3,800,000
3,800,000
3,800,000
3,800,000
953,846
953,846
953,846
953,846
2,403,076
9,538
9,538
9,538
9,538
24,031
100
100
100
100
100
9,700,471 11,748,920 11,758,294 10,890,770
9,593,048
Growth (%)
28,000
10.94%
3,573,362
Liabilities
35,000
29.65%
Current Liabilities
Book End : December
2011
2012
2013
2014
Dec-15

Authorized Capital
Paid up Capital
Par Value
Retained Earnings
Total Equity
10,772,044 12,832,316 12,793,488 11,929,561 18,316,719
Growth (%)
19.13%
-0.30%
-6.75%
53.54%
Dec-12
Dec-13
Dec-14
Dec-15
18,317
16,242
12,832
12,793
2012
2013
13,490
10,772
11,930
10,738
7,986
5,234
INCOME STATEMENTS
Total Revenues
Dec-11
10,346,433 10,449,886 11,298,322
Growth (%)
1.00%
8.12%
9,420,631 10,531,505
-16.62%
11.79%
Cost of Revenues
7,318,735
8,427,158
9,682,521
Gross Profit
3,027,698
2,022,728
1,615,801
776,495
195,141
Expenses (Income)
1,014,820
1,126,864
1,194,769
955,900
896,579
Operating Profit
2,012,878
895,864
421,032
-179,405
-701,439
-55.49%
-53.00%
N/A
-290.98%
555,903
2,999,631
-553,962
-653,730
-967,335
2,568,781
3,895,495
-132,930
-833,135
-1,668,774
640,889
902,379
-542,878
-57,849
-227,921
1,927,892
2,993,116
409,947
-775,286
-1,440,853
55.25%
-86.30%
N/A
-85.85%
Growth (%)
2,482
-270
2011
2014
Dec-15
8,644,136 10,336,364
11,298
10,346
10,450
2011
2012
11,298
10,532
9,421
8,993

Income before Tax
Tax
Growth (%)
6,689
4,384
2,079
Period Attributable
1,927,890
2,993,115
409,944
-775,287
-1,440,852
1,924,739
2,989,025
410,139
-775,179
912,556
1,924,737
2,989,024
410,135
-775,180
912,557
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Current Ratio (%)
1,064.23
251.42
183.64
164.21
259.32
90.99
47.09
9.67
Dividend (Rp)
EPS (Rp)
BV (Rp)
202.12
313.79
42.98
-81.28
-59.96
1,129.33
1,345.32
1,341.25
1,250.68
762.22
DAR (X)
0.29
0.35
0.41
0.46
DER(X)
0.41
0.54
0.71
0.85
0.66
ROA (%)
12.68
15.19
1.87
-3.52
-4.75
ROE (%)
17.90
23.32
3.20
-6.50
-7.87
GPM (%)
29.26
19.36
14.30
8.24
1.85
OPM (%)
19.45
8.57
3.73
-1.90
-6.66
NPM (%)
18.63
28.64
3.63
-8.23
-13.68
Payout Ratio (%)
45.02
15.01
22.50
5.62
3.68
0.89
Yield (%)
0.40
-226
2013
2014
Dec-15

2,993
2,589
1,928
1,783
977
410
2014
Dec-15
170
-636
2011
2012
2013
-775
-1,442
-1,441
21
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., a company
incorporatedinSingapore.JardineCycle&CarriageLtd.isasubsidiaryofJardineMatheson
HoldingsLtd.,acompanyincorporatedinBermuda.
Asat31December2015,theCompanyanditssubsidiarieshad149,532employees.
February 2016
Disclaimer:
22
ASII
Astra International Tbk. [S]
Main Board
Industry Sector : Miscellaneous Industry (4)
Industry Sub Sector : Automotive And Components (42)
4,612.513
Individual Index
:
Listed Shares
40,483,553,140
:
Market Capitalization : 261,118,917,753,000
6 | 261.1T | 5.33% | 39.87%

3 | 71.6T | 5.23% | 17.17%
COMPANY HISTORY
Established Date
: 20-Feb-1957
Listing Date
: 04-Apr-1990
Under Writer IPO :
Phone : (021) 252-5666
Fax
: (021) 252-5028
1. Budi Setiadharma
2. Muhamad Chatib Basri *)
3. Sidharta Utama *)
4. Anthony John Liddell Nightingale
5. Benjamin William Keswick
6. Chiew Sin Cheok
7. David Alexander Newbigging
8. Jonathan Chang
9. Kyoichi Tanada *)
10. Mari Elka Pangestu *)
11. Mark Spencer Greenberg
BOARD OF DIRECTORS
1. Prijono Sugiarto
2. Widya Wiryawan
3. Bambang Widjanarko Santoso
4. Djoko Pranoto
5. Djony Bunarto Tjondro
6. Gunawan Geniusahardja
7. Johannes Loman
8. Simon Collier Dixon
9. Sudirman Maman Rusdi
10. Suparno Djasmin
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 II
Jakarta 14330
Phone : (021) 652-2555, 653-10418
Fax
: (021) 651-2058, 2059, 653-04957
Homepage
Email
: www.astra.co.id
: gita.tiffanyboer@ai.astra.co.id

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
2015
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
64.00
Cum Date
05-Nov-90
02-May-91
12-Nov-91
17-Jun-92
01-Jul-93
13-Jun-94
29-Jul-94
22-Jun-95
25-Jun-96
30-Jun-97
01-Dec-03
28-Jun-04
01-Nov-04
16-Jun-05
09-Nov-05
15-Jun-06
20-Oct-06
14-Jun-07
29-Oct-07
28-Oct-08
17-Jun-09
16-Jun-10
27-Oct-10
26-Oct-11
16-May-12
18-Oct-12
20-May-13
10-Oct-13
22-May-14
14-Oct-14
06-May-15
25-Sep-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
30-Sep-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
28-Sep-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
21-Oct-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
I
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
Type of Listing
First Issue
Partial Listing
Company Listing
Koperasi
Right Issue
Bonus Shares
CB Conversion
Stock Split
Right Conversion
Option I
Option I Conversion
Option II Conversion
Shares
30,000,000
24,805,000
184,893,000
2,500,000
1,453,219,775
871,912,800
280,837
37,598,029,063
262,168,650
8,637,003
16,203,924
30,903,088
T:
T:
T:
T:
T:
T:
T:
T:
T:
T:
Listing
Date
04-Apr-90
04-Apr-90
18-Dec-91
18-Dec-91
03-Jan-94
08-Sep-94
12-Mar-97
01-Sep-97
24-Apr-00
16-Oct-00
31-Jul-01
26-Apr-02
:
:
:
:
:
:
:
:
:
:
Trading
Date
04-Apr-90
04-Oct-90
02-Jan-92
31-Dec-99
21-Jan-03
08-Sep-94
07-Aug-97
05-Jun-12
19-Jan-04
16-Feb-01
26-Apr-02
25-May-04
23
ASII
AstraInternationalTbk.[S]
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-12
Jan-13
Jan-14
Jan-15
Jan-16

Miscellaneous Industry Index
60%
45%
30%
18.1%
15%
-15%
-16.4%
-20.0%
-30%
-45%
-60%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
6,209
73,719
610
246
9,508
66,334
669
244
9,828
71,070
928
242
10,141
69,907
1,011
244
1,287
7,746
100
20
Price (Rupiah)
High
Low
Close
Close*
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
4,975
6,000
6,000
6,450
5,700
6,450
6,450
14.18
13.91
2.59
15.56
14.44
2.60
15.19
3.24
1.92
16.32
3.78
2.06
SHARES TRADED
13.70
PER (X)
18.33
PER Industry (X)
3.43
PBV (X)
24
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Astra International Tbk. [S]
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
79,650
79,200
74,200
77,100
74,250
64,200
7,100
7,400
7,550
8,300
8,000
7,700
Low
73,500
67,100
68,750
70,650
64,200
6,400
6,250
6,600
6,700
7,250
7,200
6,800
Close
78,900
70,850
73,950
71,000
64,300
6,850
7,000
6,750
7,400
8,050
7,250
7,600
(X)
31,100
68,125
48,766
37,681
46,178
61,324
65,520
44,874
41,289
47,388
59,594
58,107
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
8,100
8,175
8,575
8,575
7,950
7,350
7,150
6,875
6,200
6,875
6,850
6,600
7,000
7,450
7,800
6,700
6,950
6,550
6,325
5,450
4,975
5,075
5,800
5,800
7,850
80,784
7,850
72,728
8,575
77,266
6,850
81,463
7,300
64,001
79,359
7,075
6,650
62,675
5,925
83,564
5,225
79,802
5,900 120,523
5,925 105,808
6,000 102,962
804,490
692,429
1,094,749
962,611
657,248
735,267
381,032
881,000
590,132
1,170,631
1,168,021
1,002,948
6,050,554
5,401,520
8,817,908
7,475,288
4,891,329
5,126,440
2,576,235
5,385,567
3,412,962
7,099,297
7,428,850
6,241,308
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
6,450
5,700
6,450 100,020
1,286,937
7,745,522
20

60,335 4,672,194
130,669 9,466,255
83,919 5,984,168
68,944 5,052,940
90,988 6,242,152
816,809 6,070,144
943,478 6,342,540
635,813 4,486,738
694,972 5,034,167
931,778 7,387,900
832,310 6,351,667
918,874 6,627,662
21
21
21
20
21
21
22
19
20
22
20
18
ASII
AstraInternationalTbk.[S]
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Assets
13,111,000 11,055,000 18,557,000 20,902,000 27,102,000
Receivables
37,405,000 38,608,000 51,645,000 54,759,000 53,005,000
Inventories
11,990,000 15,285,000 14,433,000 16,986,000 18,337,000
Current Assets
65,978,000 75,799,000 88,352,000 97,241,000 105,161,000
Fixed Assets
28,604,000 34,326,000 37,862,000 41,250,000 41,702,000
Other Assets
Total Assets
Book End : December
1,043,000
1,824,000
2,490,000
2,869,000
2,978,000
153,521,000 182,274,000 213,994,000 236,029,000 245,435,000
18.73%
10.30%
157,500
105,000
52,500
Current Liabilities
48,371,000 54,178,000 71,139,000 73,523,000 76,242,000

29,312,000 38,282,000 36,667,000 42,182,000 42,660,000

Total Liabilities
77,683,000 92,460,000 107,806,000 115,705,000 118,902,000
Growth (%)
17.40%
210,000
3.99%
Growth (%)
19.02%
16.60%
7.33%
2.76%
Liabilities
262,500
2011
2012
2013
2014
Dec-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
2,024,000
4,048
40,484
40,484
40,484
40,480
500
50
50
50
50

Par Value
Retained Earnings
55,628,000 66,289,000 77,076,000 87,459,000 92,989,000
Total Equity
75,838,000 89,814,000 106,188,000 120,324,000 126,533,000
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
18.23%
13.31%
5.16%
Dec-12
Dec-13
Dec-14
Dec-15
15.68%
3.10%
4.03%
-8.68%
89,814
100,782
75,838
74,953
49,125
23,296
-2,532
2011
2012
2013
2014
Dec-15
130,530,000 151,853,000 158,569,000 162,892,000 147,486,000
Gross Profit
32,034,000 36,200,000 35,311,000 38,809,000 36,710,000
Expenses (Income)
14,202,000
8,302,000
Operating Profit
126,533
106,188
162,564,000 188,053,000 193,880,000 201,701,000 184,196,000
Growth (%)
Cost of Revenues
18.43%
120,324
126,610
7,788,000 11,457,000 17,080,000

-
Growth (%)
188,053
193,880
2012
2013
201,701
184,196
162,564
160,554

Income before Tax
Tax
25,772,000 27,898,000 27,523,000 27,352,000 19,630,000

4,695,000
5,156,000
5,226,000
5,227,000
21,077,000 22,742,000 22,297,000 22,125,000 15,613,000
7.90%
Growth (%)
-1.96%
-0.77%
119,407
4,017,000
78,260
-29.43%
37,113
Period Attributable
17,785,000 19,421,000 19,417,000 19,181,000 14,464,000
21,348,000 22,460,000 23,708,000 22,151,000 16,454,000
18,058,000 19,053,000 20,137,000 18,867,000 15,276,000
RATIOS
Current Ratio (%)
Dividend (Rp)
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
136.40
139.91
124.20
132.26
137.93
1,980.00
216.00
216.00
216.00
64.00
EPS (Rp)
4,393.14
479.73
479.63
473.80
357.31
BV (Rp)
18,733.04
2,218.53
2,622.99
2,972.17
3,125.82
DAR (X)
0.51
0.51
0.50
0.49
0.48
DER(X)
1.02
1.03
1.02
0.96
0.94
ROA (%)
13.73
12.48
10.42
9.37
6.36
ROE (%)
27.79
25.32
21.00
18.39
12.34
GPM (%)
19.71
19.25
18.21
19.24
19.93
OPM (%)
NPM (%)
12.97
12.09
11.50
10.97
8.48
Payout Ratio (%)
45.07
45.03
45.04
45.59
17.91
2.68
2.84
3.18
2.91
1.07
Yield (%)
-4,034
2011
2014
Dec-15

21,077
22,742
22,297
22,125
15,613
18,103
13,463
8,824
4,185
-455
2011
2012
2013
2014
Dec-15
25
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
whicharelocatedat:
Kec. Serpong, Kab. Tangerang, and Kec. Pasar Kemis, Kab. Tangerang, Province
Banten,
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.
TheCompanyandsubsidiarieshad1,493employeesasof31December2015.
February 2016
Disclaimer:
26
ASRI AlamSuteraRealtyTbk.[S]

Main Board
Industry Sub Sector : Property And Real Estate (61)
Individual Index
:
Listed Shares
:
305.714
19,649,411,888
6,307,461,216,048
106 | 6.31T | 0.13% | 88.16%

36 | 10.5T | 0.77% | 69.75%
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. Joseph Sanusi Tjong
2. Andrew Charles Walker
3. Lilia Setiprawarti Sukotjo
4. 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
Homepage
Email
:
:
:
:
www.alam-sutera.com
corsec@alam-sutera.com
www.alam-sutera.com
corsec@alam-sutera.com

1. PT Manunggal Prime Development
2. Tangerang Fajar Industrial Estate
3. PT Tangerang Fajar Industrial Estate
4. Public (<5%)
5,161,690,364
2,982,450,000
1,971,650,000
9,533,621,524
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
:
:
:
:
26.27%
15.18%
10.03%
48.52%
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
27
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-12
Jan-13
Jan-14
Jan-15
Jan-16

150%
125%
103.1%
100%
75%
50%
25%
19.6%
-25%
-31.0%
-50%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
29,410
15,370
297
246
31,672
24,781
511
244
22,540
12,104
545
242
22,460
11,426
578
244
554
182
28
20
650
410
600
600
1,160
425
430
430
680
424
560
560
700
307
343
343
352
317
321
321
9.64
9.57
1.58
10.08
16.29
1.81
11.30
18.66
1.02
10.57
17.68
0.96
Price (Rupiah)
High
Low
Close
Close*
9.69
PER (X)
17.34
PER Industry (X)
2.49
PBV (X)
28
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Alam Sutera Realty Tbk. [S]
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
520
610
630
650
620
570
520
495
520
580
620
640
Low
455
480
560
560
510
455
455
430
410
470
550
550
Close
485
570
620
600
540
490
460
440
495
580
610
600
(X)
24,608
26,234
22,571
28,484
22,850
27,226
27,925
28,541
30,974
26,538
15,187
15,745
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
620
700
675
680
675
625
585
525
362
428
396
372
550
585
525
545
600
500
505
323
307
317
323
323
595
29,139
670
36,985
555
61,613
615
36,708
600
28,356
575
39,772
505
31,143
354
69,420
316
53,105
389 104,304
339
58,540
343
29,391
1,821,531
2,518,964
2,758,825
2,218,790
1,153,314
1,309,474
1,266,002
2,160,455
1,676,933
3,309,709
1,555,477
711,010
1,069,965
1,623,053
1,604,821
1,396,763
745,260
732,783
700,001
875,763
572,259
1,294,183
559,415
251,865
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
352
317
321
553,709
182,447
20
27,569

3,163,247 1,462,365
3,013,912 1,651,814
2,116,918 1,272,835
1,831,503 1,099,178
1,453,973
832,432
4,923,539 2,336,855
1,557,100
754,451
1,985,545
910,746
2,734,556 1,274,455
2,210,093 1,173,362
2,653,169 1,535,319
1,766,756 1,065,978
21
21
21
20
21
21
22
19
20
22
20
18
Public Accountant : Paul Hadiwinata, Hidajat, Arsono, Achmad, Suharli & Rekan (Member of PKF International Ltd)
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
844,906
1,641,316
890,181
880,754
638,388
Assets
Receivables
21,596
29,721
84,690
192,197
153,124
Inventories
2,395,213
1,661,094
937,153
930,602
1,156,083
Investment
341,514
708,121
801,678
957,762
1,097,190
806,319
11,619
61,186
74,140
64,345
Fixed Assets
Other Assets
Total Assets
6,007,548 10,946,417 14,428,083 16,924,367 18,709,870
82.21%
Growth (%)
12,000
8,000
10.55%
4,000
-
554,227
795,658
45,000
230,000
1,072,260
35,519
35,257
165,089
160,587
1,033,021
3,220,676
6,214,543
Growth (%)
16,000
17.30%
Trade Payable
Liabilities
20,000
31.81%
Bank Payable
Total Liabilities
Book End : December
2011
2012
2013
2014
Dec-15
9,096,298 10,553,173 12,107,460
92.96%
46.37%
16.02%
14.73%
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
4,061,177
2,786,872
4,731,875
5,331,785
6,371,194
6,602,410
69.79%
12.68%
19.49%
3.63%

Par Value
Retained Earnings
Total Equity
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
1,381,046
2,446,414
3,684,240
3,630,914
2,783,700
77.14%
50.60%
-1.45%
-23.33%
Growth (%)
Cost of Revenues
566,656
979,517
1,846,814
1,324,196
727,637
Gross Profit
814,391
1,466,897
1,837,425
2,306,718
2,056,063
Operating Expenses
120,770
212,884
304,204
398,953
1,297,106
Operating Profit
693,620
1,254,013
1,533,221
1,907,766
80.79%
Growth (%)
24.43%
6,602
6,371
6,371
5,332
4,732
5,071
3,772
2,787
2,472
1,172
-127
2011
2012
2013
2014
Dec-15

3,684
3,631
3,684
2,784
2,933
-22,477
90,182
-451,445
-521,999
Income before Tax
671,143
1,344,195
1,081,776
1,385,767
758,957
68,407
128,103
192,199
208,812
74,670
602,737
1,216,092
889,577
1,176,955
684,288
101.76%
-26.85%
32.31%
-41.86%
Tax
Growth (%)
2,446
2,181
1,381
1,429
678
Period Attributable
601,654
1,192,716
876,785
1,176,955
596,515
602,737
1,216,092
889,577
1,176,955
686,485
601,654
1,192,716
876,785
1,097,418
598,743
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
6.13
14.60
7.00
EPS (Rp)
33.68
60.70
44.62
59.90
30.36
BV (Rp)
156.01
240.82
271.35
324.24
336.01
DAR (X)
0.54
0.57
0.63
0.62
0.65
Dividend (Rp)
1.16
1.31
1.71
1.66
1.83
ROA (%)
10.03
11.11
6.17
6.95
3.66
ROE (%)
21.63
25.70
16.68
18.47
10.36
GPM (%)
58.97
59.96
49.87
63.53
73.86
OPM (%)
50.22
51.26
41.62
52.54
NPM (%)
43.64
49.71
24.15
32.41
24.58
Payout Ratio (%)
18.20
24.05
11.69
1.33
2.43
1.25
DER(X)
Yield (%)
-74
2011
2012
2013
2014
Dec-15

1,216
1,177
1,216
890
968
720
684
603
472
224
-24
2011
2012
2013
2014
Dec-15
29
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 December 31st, 2015, BCA had 985 domestics branches and 2 overseas
representativeslocatedinSingaporeandHongKong.
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.
BCAhad24,814permanentemployees.
February 2016
Disclaimer:
30
BBCA Bank Central Asia Tbk.
Main Board
Industry Sector : Finance (8)
Industry Sub Sector : Bank (81)
7,485.714
Individual Index
:
Listed Shares
24,408,459,120
:
3 | 319.8T | 6.53% | 23.23%

5 | 64.9T | 4.73% | 26.99%
COMPANY HISTORY
Established Date
: 10-Aug-1955
Listing Date
: 31-May-2000
Under Writer IPO :
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. Suwignyo Budiman
3. Anthony Brent Elam
4. Armand Wahyudi Hartono
5. Dhalia Mansor Ariotedjo
6. Erwan Yuris Ang
7. Eugene Keith Galbraith
8. Henry Koenaifi
9. Rudy Susanto
10. Subur Tan
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
2015
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
55.00
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
12-Nov-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
17-Nov-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
13-Nov-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
09-Dec-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
I
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
Type of Listing
First Issue
Company Listing
Stock Split
Option Conversion
Option Conversion MSOP
Partial Delisting
Shares
662,400,000
2,252,146,140
21,199,350,480
210,852,000
89,226,500
-5,516,000
T:
T:
T:
T:
Listing
Date
31-May-00
31-May-00
15-May-01
29-Nov-01
04-Aug-03
04-Jan-08
:
:
:
:
Trading
Date
31-May-00
11-Jan-01
28-Jan-08
09-Nov-06
29-Sep-04
04-Jan-08
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
31
BBCA BankCentralAsiaTbk.
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-12
Jan-13
Jan-14
Jan-15
Jan-16

Finance Index
90%
75%
61.7%
60%
45%
36.8%
30%
18.1%
15%
-15%
-30%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
3,778
29,765
241
246
3,958
39,776
370
244
4,514
51,771
651
242
4,568
61,044
881
244
565
7,404
84
20
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
11,000
13,300
13,300
13,550
12,750
13,100
13,100
16.61
17.20
3.70
19.90
27.72
4.33
18.21
21.00
3.80
17.94
24.73
3.74
Price (Rupiah)
High
Low
Close
Close*
18.86
PER (X)
6.58
PER Industry (X)
4.32
PBV (X)
32
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Bank Central Asia Tbk.
Close
8,000
7,600
8,000
8,000
7,000
7,300
8,000
7,750
7,900
8,200
8,800
9,100
(X)
20,524
34,730
20,067
14,002
22,561
21,978
20,559
16,480
17,988
15,210
17,126
19,730
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
13,425
14,550
14,825
15,600
14,500
14,125
13,900
13,900
12,850
13,775
13,750
13,800
12,800
13,250
14,025
12,900
13,400
13,050
12,650
11,000
11,300
11,875
12,375
12,700
13,375
14,100
14,825
13,475
14,125
13,500
13,100
12,900
12,275
12,900
12,375
13,300
53,863
62,002
90,945
86,286
67,586
78,844
59,176
86,829
62,916
76,510
70,680
85,393
273,651
260,770
331,831
451,166
339,175
312,229
246,896
484,481
340,220
379,238
466,909
681,684
3,592,271
3,622,454
4,777,845
6,531,175
4,710,311
4,220,125
3,285,014
6,064,524
4,094,909
4,966,315
6,129,554
9,049,648
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
13,550 12,750 13,100
84,389
565,286
7,404,232
20
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
8,250
8,250
8,150
8,250
8,100
7,500
8,050
8,050
8,150
8,250
9,400
9,500
Low
7,850
7,200
7,450
7,750
7,000
6,750
7,250
7,650
7,750
7,800
8,150
8,750

284,722 2,292,976
493,690 3,726,985
215,749 1,685,625
236,761 1,894,521
398,309 2,996,959
289,274 2,085,318
343,483 2,611,726
430,418 3,358,206
284,480 2,266,305
322,195 2,599,470
247,495 2,149,295
231,033 2,098,035
21
21
21
20
21
21
22
19
20
22
20
18
BBCA BankCentralAsiaTbk.
Book End : December
Public Accountant : Siddharta Widjaja & Rekan (member of KPMG International)

BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Assets
Cash on Hand
10,355,620 11,054,208 16,284,142 19,577,571 17,849,460
Placements with Other Banks
43,010,506 28,802,130 12,254,043 11,502,178 56,259,099
Marketable Securities
Loans
22,166,868 47,310,371 89,463,509 26,289,663
515,099
198,440,354 252,760,457 306,679,132 339,859,068 378,616,292

171,728
104,246
182,544
Fixed Assets
4,144,659
6,406,625
7,440,017
8,844,930
9,712,021
Other Assets
4,185,031
6,265,653
6,564,382
7,133,595
8,619,292
Investment
Total Assets
381,908,353 442,994,197 496,304,573 552,423,892 594,372,770
15.99%
Growth (%)
Deposits
Taxes Payable
Fund Borrowings
Other Liabilities
Total Liabilities
166,888 51,153,115
12.03%
11.31%
7.59%
216,614
276,017
251,818
251,091
449,188
128,018
500,952
3,080,942
1,743,337
3,483,582
5,620,847
5,768,437
6,260,219
7,613,476
14.77%
10.84%
9.30%
6.22%
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
360,000
240,000
120,000
-
2011
2012
2013
2014
Retained Earnings
36,581,874 45,534,178 56,928,028 70,332,010 81,995,065
Total Equity
42,027,340 51,897,942 63,966,678 77,920,617 89,624,940
23.49%
Growth (%)
23.25%
21.81%
2015
339,881,013 390,067,244 432,337,895 472,550,777 501,945,424
Growth (%)
480,000
326,894,554 372,837,307 413,036,948 451,660,016 478,173,935

432,101
Liabilities
600,000
89,625
89,625
77,921
63,967
71,341
51,898
53,058
42,027
34,774
16,491
15.02%
-1,792
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%
26.66%
470,940
1,738,943
3,651,597
10,913,969 12,859,718 14,631,462 18,306,319 25,219,058
Income from Operations
13,296,775 14,255,568 17,078,667 20,504,773 22,657,114
Growth (%)
Provision for Income Tax

2013
321,983
7.21%
19.80%
20.06%
10.50%
430,478
736,939
236,348
2,800,960
2,967,586
3,559,367
4,229,451
4,621,346
10,817,798 11,718,460 14,256,239 16,511,670 18,035,768
8.33%
21.66%
15.82%
TOTAL INTEREST INCOME (Bill. Rp)

55,442
55,442
43,771
44,132
34,277
32,821
24,567
28,885
21,511
10,201
-1,109
9.23%
Period Attributable
10,819,309 11,721,717 14,253,831 16,485,858 18,018,653
10,770,209 11,898,523 13,004,312 16,925,171 17,691,505
10,771,720 11,901,780 13,001,904 16,899,359 17,673,517
2011
2012
2013
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Dividend (Rp)
157.00
114.50
165.00
198.00
55.00
EPS (Rp)
438.83
475.43
578.13
668.66
730.83
BV (Rp)
1,704.62
2,104.97
2,594.47
3,160.44
3,635.16
DAR (X)
0.89
0.88
0.87
0.86
0.84
DER(X)
8.09
7.52
6.76
6.06
5.60
ROA (%)
2.83
2.65
2.87
2.99
3.03
ROE (%)
25.74
22.58
22.29
21.19
20.12
OPM (%)
54.12
49.35
49.83
46.85
40.87
NPM (%)
44.03
40.57
41.59
37.72
32.53
Payout Ratio (%)
35.78
24.08
28.54
29.61
7.53
1.96
1.26
1.72
1.51
0.41
2014
2015

16,512
18,036
Yield (%)
2015
13,618,758 14,686,046 17,815,606 20,741,121 22,657,114
Growth (%)
RATIOS
2014
7,852,009 11,744,562 11,217,072
Other Operating Expenses
Income Before Tax
2012
24,566,852 28,885,290 34,277,149 43,771,256 55,441,647
Growth (%)
Non-Operating Revenues
2011
Dec-15
18,036
14,256
14,356
10,818
11,718
10,677
6,998
3,319
-361
2011
2012
2013
2014
2015
33
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.
As of December 31st, 2015, BNI had 169 domestic branches, 911 domestic subbranches,
and729otheroutlet.Inaddition,BNIsnetworkalsoincluded4overseasbrancheslocated
inSingapore,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.
BNIhad23,820permanentemployeesand3,055nonpermanentemployees,total26,875
employees.
February 2016
Disclaimer:
34
BBNI BankNegaraIndonesia(Persero)Tbk.
Main Board
Individual Index
:
Listed Shares
:
23.615
18,462,169,893
90,649,254,174,630
9 | 90.6T | 1.85% | 48.54%

6 | 43.6T | 3.18% | 30.18%
COMPANY HISTORY
Established Date
: 05-Jul-1946
Listing Date
: 25-Nov-1996
Under Writer IPO :
PT BNI Securities
PT Datindo Entrycom
Phone : (021) 570-9009
Fax
: (021) 570-9026
1. Hartadi Agus Sarwono *)
2. Anny Ratnawati *)
3. Bistok Simbolon
4. Joni Swastanto
5. Ki Agus Ahmad Badaruddin
6. Pataniari Siahaan *)
7. Pradjoto *)
8. Wahyu Kuncoro
9. Revrisond Baswir *)

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
2015
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
122.53
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
17-Mar-16
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
18-Mar-16
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
22-Mar-16
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
13-Apr-16
F/I
F
F
F
F
F
F
F
F
F
F
I
F
F
F
F
F
I
F
ISSUED HISTORY
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. Putrama Wahju Setiawan
8. Rico Rizal Budidarmo
9. Suprajarto
AUDIT COMMITTEE
1. Jos Luhukay
2. Anny Ratnawati
3. Bambang Hendrajatin
4. Tubagus Chairul Amachi
CORPORATE SECRETARY
Suhardi Petrus
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
HEAD OFFICE
BNI Building 24th Fl.
Jln. Jend. Sudirman Kav. 1
Jakarta 10220
Phone : (021) 251-1946, 572-8387
Fax
: (021) 251-1214, 1961, 1075, 572-8805, 8053, 8295
Homepage
Email
: www.bni.co.id
: suhardi.petrus@bni.co.id
35
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-12
Jan-13
Jan-14
Jan-15
Jan-16

Finance Index
105%
90%
75%
60%
45%
36.8%
30%
25.1%
18.1%
15%
-15%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
7,063
26,382
250
246
7,390
32,587
384
244
6,987
35,598
696
242
7,999
44,471
1,105
244
566
2,817
75
20
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
3,800
4,990
4,990
5,200
4,850
4,910
4,910
8.14
17.20
1.54
10.55
27.72
1.86
10.16
21.00
1.19
10.00
24.73
1.17
Price (Rupiah)
High
Low
Close
Close*
9.58
PER (X)
6.58
PER Industry (X)
1.59
PBV (X)
36
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Bank Negara Indonesia (Persero) Tbk.
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
3,950
3,775
4,000
4,225
4,050
3,850
3,975
4,000
3,975
3,950
3,850
3,800
Low
3,600
3,325
3,625
3,825
3,575
3,500
3,725
3,625
3,725
3,775
3,525
3,525
Close
3,625
3,775
4,000
4,025
3,700
3,825
3,975
3,725
3,925
3,850
3,700
3,700
(X)
33,481
49,190
22,662
17,676
15,982
12,717
13,102
16,897
16,128
14,881
20,135
16,684
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
6,300
7,075
7,225
7,275
7,125
6,825
5,675
5,250
4,890
5,375
5,250
5,150
5,725
6,175
6,550
6,250
6,325
5,100
4,450
4,070
3,800
4,075
4,650
4,780
6,250
6,875
7,225
6,425
6,875
5,300
4,760
4,950
4,135
4,755
4,770
4,990
59,023
58,356
80,139
64,819
58,043
114,675
110,477
154,228
140,264
110,116
79,530
75,750
605,276
468,870
703,023
618,174
425,307
851,390
877,538
889,236
796,672
767,305
473,123
522,777
3,684,362
3,156,997
4,829,845
4,250,511
2,869,575
4,886,319
4,483,456
4,151,806
3,494,776
3,708,085
2,359,153
2,595,771
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
5,200
4,850
4,910
75,208
565,592
2,816,764
20

1,088,649 4,024,984
1,450,572 5,117,308
523,737 2,006,312
488,524 1,941,702
420,781 1,619,666
317,367 1,188,374
357,854 1,381,432
480,873 1,833,994
490,626 1,896,606
500,990 1,933,721
446,149 1,632,538
497,250 1,805,016
21
21
21
20
21
21
22
19
20
22
20
18
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Cash on Hand
Loans
Assets
6,197,731
7,969,378 10,089,927 11,435,686 12,890,427
49,328,028 32,616,662 23,472,702 14,527,422 33,416,808

7,627,768
9,800,970 11,965,698
6,237,356
9,927,494
163,533,423 193,834,670 243,757,807 270,651,986 314,066,531

24,335
24,026
39,507
Fixed Assets
4,052,708
4,591,588
5,513,569
6,222,050 20,756,594
Other Assets
4,655,153
3,312,032
3,156,891
3,369,915
Investment
Total Assets
Taxes Payable
35,793
4,482,111
299,058,161 333,303,506 386,654,815 416,573,708 508,595,288
11.45%
Growth (%)
Deposits
16.01%
7.74%
22.09%
145,021
171,716
323,957
317,563
8,725,796
8,749,762 18,950,523 11,212,265 22,523,581
6,750,931
4,158,421
Paid up Capital
Par Value
307,500
205,000
102,500
-
5,218,778
2011
2012
2013
2014
7,583,784
10.93%
16.98%
0.64%
2015
261,215,137 289,778,215 338,971,310 341,148,654 412,727,677
Growth (%)
Authorized Capital
410,000
749,396
Other Liabilities
5,707,851
Liabilities
512,500
238,314,269 260,906,084 295,075,178 317,070,426 358,184,938
Fund Borrowings
Total Liabilities
Book End : December
20.98%
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
78,438
78,438
61,021
62,437
46,435
37,843
43,525
47,684
7,500 & 7,500 & 375 7,500 & 7,500 & 375 7,500 & 7,500 & 375 7,500 & 7,500 & 375 7500 & 7500 & 375
30,434
Retained Earnings
14,422,051 20,070,536 27,011,835 35,078,159 41,537,950
Total Equity
37,843,024 43,525,291 47,683,505 61,021,308 78,438,222
15.02%
Growth (%)
9.55%
27.97%
14,433
28.54%
-1,569
INCOME STATEMENTS
Dec-11
Dec-12
Dec-13
Dec-14
9.73%
16.50%
26.14%
10.58%
Interest Expenses
7,495,982
7,245,524
7,392,427 10,968,641 11,334,885
7,601,475
8,445,813
9,440,904 10,715,356
8,872,380
11,134,002 12,739,104 14,572,688 16,103,374 16,509,898

7,242,583
Growth (%)
2012
2013
2014
2015
20,691,796 22,704,515 26,450,708 33,364,942 36,895,081
Growth (%)
2011
Dec-15
218,725
36,895
19.31%
29.83%
18.96%
-14.49%
258,539
59,362
178,019
54,067
7,461,308
8,899,562 11,278,165 13,524,310 11,466,148
1,653,090
1,851,200
2,220,224
2,694,931
2,325,616
5,808,218
7,048,362
9,057,941 10,829,379
9,140,532
21.35%
28.51%
19.56%
-15.60%
9,066,581
Period Attributable
5,825,904
7,046,145
9,054,345 10,782,628
5,991,144
7,202,604
6,243,854 11,914,732 20,862,547
6,007,817
7,200,391
6,240,258 11,867,981 20,788,596
33,365
36,895
26,451
29,368
8,641,023 11,218,803 13,346,291 11,412,081
Income Before Tax
Growth (%)
20,692
22,705
21,842
14,315
6,789
-738
2011
2012
2013
2014
2015

10,829
10,829
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
62.48
113.35
145.71
144.55
122.53
312.40
377.84
485.52
578.20
486.18
BV (Rp)
2,029.26
2,333.96
2,556.94
3,272.16
4,206.11
DAR (X)
0.87
0.87
0.88
0.82
0.81
DER(X)
6.90
6.66
7.11
5.59
5.26
RATIOS
Dividend (Rp)
EPS (Rp)
ROA (%)
1.94
2.11
2.34
2.60
1.80
ROE (%)
15.35
16.19
19.00
17.75
11.65
OPM (%)
35.00
38.06
42.41
40.00
30.93
NPM (%)
28.07
31.04
34.24
32.46
24.77
Payout Ratio (%)
20.00
30.00
30.01
25.00
25.20
1.64
3.06
3.69
2.37
2.46
Yield (%)
9,141
9,058
8,620
7,048
6,411
5,808
4,202
1,993
-217
2011
2012
2013
2014
2015
37
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.
As of 31 December 2015, BRI serves its customers through more than 10.000 outlets
spreadsalloverIndonesia
1HeadOffice
19RegionalOffices
1HeadofAuditOffice
19RegionalAuditOffices
462BranchesOffices
1SpecialBranch
4overseasoffices(CaymanIsland,Singapore,NewYork,HongKong)
603SubBranchOffices
5,360BRIUnits(MicroOutlet)
983CashCounters
3,178TerasBRI
1TerasShip
BRIprovideaccesstoitsbankingservicesthroughitselectronicchannel;
22,792ATMslinkedtoATMBersama,ATMPrima,ATMLink,Cirrus,andMaestro
187,758ElectronicDataCaptures(EDC)
892CashDepositMachine
57EBuzz
BRI Subsidiaries: PT Bank BRI Syariah, PT Bank Rakyat Indonesia Agroniaga Tbk., BRI
Remittance Co. Ltd. And PT Asuransi Jiwa Bringin Jiwa Sejahtera. Total permanent
employees54,859.
February 2016
Disclaimer:
38
BBRI BankRakyatIndonesia(Persero)Tbk.
Main Board
2,565.714
Individual Index
:
Listed Shares
24,422,470,380
:
5 | 274.1T | 5.60% | 34.54%

1 | 91.0T | 6.64% | 6.64%
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. Fuad Rahmany *)
3. A. Sony Keraf *)
4. Adhyaksa Dault *)
5. Ahmad Fuad *)
6. Gatot Trihargo
7. Jeffry J. Wurangian
8. Mahmud
9. Vincentius Sony Loho
BOARD OF DIRECTORS
1. Asmawi Syam
2. Donsuwan Simatupang
3. Haru Koesmahargyo
4. Kuswiyoto
5. Mohammad Irfan
6. Priyastomo
7. Randi Anto
8. Sis Apik Wijayanto
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
2015
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
311.66
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
31-Mar-16
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
05-Apr-16
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
01-Apr-16
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
22-Apr-16
F
F
F
F
F
F
I
F
F
F
F
I
F
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. A. Fuad Rahmany
2. Adhyaksa Dault
3. A. Sony Keraf
4. I Gde Yadnya Kusuma
5. Pamuji Gesang Raharjo
6. Syahrir Nasution
CORPORATE SECRETARY
Hari Siaga Amijarso
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
39
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-12
Jan-13
Jan-14
Jan-15
Jan-16

Finance Index
120%
100%
80%
61.5%
60%
40%
36.8%
20%
18.1%
-20%
-40%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
9,285
62,701
514
246
9,932
78,393
730
244
9,096
91,875
1,071
242
8,366
92,492
1,264
244
493
5,607
89
20
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
7,975
11,425
11,425
11,825
10,750
11,225
11,225
8.38
17.20
2.25
11.86
27.72
2.94
10.99
21.00
2.49
10.79
24.73
2.45
Price (Rupiah)
High
Low
Close
Close*
9.18
PER (X)
6.58
PER Industry (X)
2.64
PBV (X)
40
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Bank Rakyat Indonesia (Persero) Tbk.
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
7,200
7,250
7,050
7,150
6,700
6,350
7,050
7,550
7,500
7,850
7,350
7,250
Low
6,750
6,550
6,400
6,450
5,600
5,150
6,250
6,650
6,900
7,300
7,000
6,800
Close
6,850
6,900
6,950
6,650
5,650
6,350
7,000
6,950
7,450
7,400
7,050
6,950
(X)
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 4,500,394
881,221 6,030,387
955,267 6,378,821
698,250 4,789,501
1,252,556 7,711,374
914,692 5,396,595
824,887 5,468,998
669,590 4,725,231
576,211 4,172,024
627,187 4,743,720
731,065 5,243,316
505,350 3,540,891
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
87,119
8,325
9,275
87,543
9,575 111,431
9,900 103,234
10,200
68,949
73,158
10,325
11,200
91,236
11,050
96,070
10,425
91,480
11,075 112,523
11,525
65,560
82,491
11,650
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
12,100
13,050
13,275
13,450
12,750
11,775
10,900
10,875
10,550
11,700
11,600
11,600
11,325
11,600
12,600
11,250
11,400
10,050
9,300
9,025
7,975
8,550
10,200
10,425
11,675
12,875
13,275
11,625
11,775
10,350
10,000
10,625
8,650
10,525
10,775
11,425
84,255
82,946
82,495
96,485
107,891
143,673
107,429
120,620
132,204
135,157
87,443
83,179
607,503
748,654
552,663
727,168
702,965
854,615
692,996
746,258
851,245
824,964
545,609
511,242
7,101,489
9,092,542
7,172,234
9,138,329
8,433,290
9,122,101
7,012,522
7,528,574
7,855,562
8,421,137
5,909,768
5,704,482
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
11,825 10,750 11,225
88,556
492,583
5,607,189
20
21
21
21
20
21
21
22
19
20
22
20
18
Book End : December
Public Accountant : Purwantono, Sungkoro & Surja (Member of Ernst & Young Global Limited)
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Assets
Cash on Hand
10,525,973 13,895,464 19,171,778 22,469,167 28,771,635
73,596,356 66,242,928 36,306,883 62,035,442 49,834,664
Loans
33,917,516 41,136,880 42,673,665 84,168,460 124,873,547

269,454,726 336,081,042 419,144,730 479,211,143 547,318,355
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
8,039,280
7,004,037
8,792,889 13,514,846
13.58%
28.07%
9.54%
710,000
532,500
355,000
177,500
-
388,288,508 452,945,001 507,972,602 630,977,238 282,157,299

1,105,997
895,695
13,097,916 10,888,755
9,520,061
9,758,418
1,266,018
59,805
2011
2012
2013
2014
15.80%
9,084,913 24,986,862 35,480,358

3,242,346
3,487,261
7,392,766
12.42%
28.78%
8.67%
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 88,761,688 106,733,021
Total Equity
49,820,329 64,881,779 79,327,422 97,737,429 113,127,179
30.23%
Growth (%)
2015
1,497,262
420,078,955 486,455,011 546,855,504 704,217,592 765,299,133
Growth (%)
Authorized Capital
269,130
469,899,284 551,336,790 626,182,926 801,955,021 878,426,312
Growth (%)
Deposits
251,573
Liabilities
887,500
22.26%
23.21%
113,127
113,127
97,737
79,327
90,049
64,882
66,971
49,820
43,893
20,815
15.75%
-2,263
INCOME STATEMENTS
Dec-11
Dec-13
Dec-14
3.00%
19.86%
26.34%
13.73%
5,775,975
8,389,732
8,348,459
9,299,140 12,409,041
17,085,627 19,491,032 22,380,778 26,660,314 31,275,696
17,584,230 22,682,538 26,127,577 28,361,877 30,512,907
Growth (%)
Income Before Tax

2012
2013
1,171,650
28.99%
15.19%
8.55%
7.58%
1,177,034
1,782,489
2,497,196
1,981,111
3,667,884
5,172,192
6,555,736
6,605,228
7,083,230
15,087,996 18,687,380 21,354,330 24,253,845 25,410,788
23.86%
14.27%
13.58%

85,434
75,122
85,434
59,461
68,005
48,164
49,610
2011
2012
50,577
33,148
15,720
-1,709
4.77%
Period Attributable
15,082,939 18,680,884 21,344,130 24,241,650 25,397,742
15,296,501 18,681,350 19,916,654 24,759,999 24,872,130
15,288,295 18,652,098 19,913,198 24,744,791 24,861,081
2013
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
122.28
225.23
257.33
294.80
311.66
611.41
757.26
865.22
982.67
1,029.53
BV (Rp)
2,019.54
2,630.08
3,215.65
3,961.93
4,585.77
DAR (X)
0.89
0.88
0.87
0.88
0.87
DER(X)
8.43
7.50
6.89
7.21
6.76
EPS (Rp)
ROA (%)
3.21
3.39
3.41
3.02
2.89
ROE (%)
30.28
28.80
26.92
24.82
22.46
OPM (%)
36.51
45.72
43.94
37.75
35.72
NPM (%)
31.33
37.67
35.91
32.29
29.74
Payout Ratio (%)
20.00
29.74
29.74
30.00
30.27
1.81
3.24
3.55
2.53
2.73
Yield (%)
2014
2015

24,254
25,411
RATIOS
2015
18,755,880 23,859,572 27,910,066 30,859,073 32,494,018
Growth (%)
Dividend (Rp)
2014
13,737,272 13,126,655 15,354,813 23,679,803 27,154,270
2011
Dec-15
48,164,348 49,610,421 59,461,084 75,122,213 85,434,037
Growth (%)
Interest Expenses
Dec-12
25,411
21,354
18,687
20,227
15,088
15,043
9,859
4,676
-508
2011
2012
2013
2014
2015
41
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.
Asof31December2015,theBankhas87branches(including22shariabranches),244sub
branches (including 21 sharia subbranches), 486 cash offices (including 7 sharia cash
offices),and2,951SOPPs(SystemonlinePaymentPoint/onlinePostoffice).
Thebankspermanentemployeesamountto8,186.
February 2016
Disclaimer:
42
BBTN BankTabunganNegara(Persero)Tbk.
Main Board
Individual Index
:
Listed Shares
:
178.043
10,476,445,000
14,300,347,425,000
54 | 14.3T | 0.29% | 78.28%

47 | 8.24T | 0.60% | 77.25%
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. I Wayan Agus Mertayasa *)
2. Arie Coerniadi *)
3. Fajar Harry Sampurno
4. Kamaruddin Sjam *)
5. Lucky Fathul Aziz H. *)
6. Maurin Sitorus
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 :
4,122,445,000 :
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
60.65%
39.35%
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
444,300
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
14-Aug-15
23-Jul-14
18-Mar-15
20-Aug-14
AUDIT COMMITTEE
1. Kamaruddin Sjam
2. Deddy Effendi Ridwan
3. Lucky Fathul Aziz Hadibrata
4. Sondang Gayatri
5. 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
43
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-12
Jan-13
Jan-14
Jan-15
Jan-16

Finance Index
75%
60%
45%
36.8%
30%
18.1%
17.4%
15%
-15%
-30%
-45%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
3,953
5,434
112
246
4,831
6,396
200
244
11,661
13,317
402
242
8,010
8,900
396
244
476
645
31
20
Price (Rupiah)
High
Low
Close
Close*
1,720
1,130
1,450
1,450
1,740
820
870
870
1,525
835
1,205
1,205
1,315
935
1,295
1,295
1,420
1,280
1,365
1,365
5.88
17.20
0.80
12.64
27.72
1.08
7.33
21.00
0.99
7.73
24.73
1.04
11.06
PER (X)
6.58
PER Industry (X)
1.46
PBV (X)
44
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Bank Tabungan Negara (Persero) Tbk.
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
1,270
1,250
1,220
1,440
1,390
1,400
1,380
1,420
1,460
1,650
1,720
1,610
Low
1,180
1,160
1,160
1,200
1,190
1,130
1,240
1,280
1,250
1,360
1,420
1,440
Close
1,200
1,220
1,200
1,380
1,200
1,290
1,370
1,310
1,440
1,520
1,610
1,450
(X)
11,071
8,442
3,803
14,473
5,250
6,698
7,747
5,178
12,362
12,271
15,597
9,276
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
1,230
1,095
1,270
1,250
1,245
1,200
1,230
1,255
1,090
1,230
1,290
1,315
980
990
1,060
1,080
1,080
1,070
1,150
935
970
995
1,085
1,250
995
1,070
1,255
1,115
1,205
1,190
1,170
1,065
995
1,185
1,270
1,295
44,134
47,590
40,326
28,932
25,132
28,296
22,849
32,369
29,159
48,255
28,942
20,431
1,247,054
1,549,165
1,207,915
701,031
547,298
410,752
297,190
543,842
357,423
593,101
365,566
189,362
1,302,876
1,615,293
1,392,206
823,389
639,653
469,186
353,106
582,291
367,986
667,140
441,398
245,098
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
1,420
1,280
1,365
30,750
476,062
645,114
20

302,240
369,927
170,762
205,487
62,277
74,561
486,519
365,152
81,787
107,075
139,270
177,699
193,721
255,431
119,668
162,886
317,570
423,906
306,185
452,863
1,585,209 2,241,325
308,764
476,736
21
21
21
20
21
21
22
19
20
22
20
18
Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
512,399
694,941
924,451
920,482
1,181,219
9,777,564 11,466,296
4,839,268
1,496,455
7,839,477
1,013,796
4,201,682
5,436,970
1,807,561
Cash on Hand
Loans
Assets
733,953
62,619,586 75,410,705 99,330,214 114,345,618 136,905,226

-
Fixed Assets
1,497,455
1,582,812
1,522,724
1,488,383
1,553,401
Other Assets
626,938
759,956
783,770
1,007,989
1,553,599
Investment
Total Assets
Taxes Payable
89,121,459 111,748,593 131,169,730 144,582,353 171,807,592
25.39%
Growth (%)
Deposits
17.38%
10.23%
18.83%
115,260
Fund Borrowings
5,695,307
6,737,260
7,073,035
6,998,213
7,726,728
Other Liabilities
2,258,809
2,441,809
2,882,703
3,079,486
3,835,877
Total Liabilities
Paid up Capital
24.05%
17.88%
10.63%
19.36%
10,239,216 10,239,216 10,239,216 10,239,216 10,239,216

4,404,536
5,178,220
5,282,427
5,283,848
5,291,173
8,809
10,356
10,565
10,568
10,582
500
500
500
500
500
Retained Earnings
1,157,372
3,175,036
4,328,008
Total Equity
7,321,643 10,278,871 11,556,753 12,252,895 13,860,107
Par Value
105,000
70,000
35,000
-
2011
2012
2013
2014
40.39%
Growth (%)
12.43%
2015
81,799,816 101,469,722 119,612,977 132,329,458 157,947,485
Growth (%)
Authorized Capital
140,000
62,762,985 81,374,686 96,482,879 107,649,946 129,429,868

-
Liabilities
175,000
13,860
13,860
11,557
10,279
11,033
8,205
12,253
7,322
5,378
5,131,692 49,525,977
6.02%
2,550
13.12%
-277
INCOME STATEMENTS
Dec-11
7,556,104
Dec-12
Dec-13
Dec-14
22.27%
18.77%
16.86%
3,770,231
4,091,760
5,129,554
7,342,747
8,155,133
512,017
571,494
763,983
894,820
1,106,526
2,720,117
3,213,561
3,849,042
4,010,139
5,383,997
1,525,749
1,870,969
2,135,909
1,577,367
2,533,605
22.63%
14.16%
-26.15%
60.62%
Interest Expenses
Growth (%)
Income Before Tax
-3,489
-7,767
4,862
1,960
8,281
1,522,260
1,863,202
2,140,771
1,579,327
2,541,886
403,599
499,240
578,610
433,755
690,979
1,118,661
1,363,962
1,562,161
1,145,572
1,850,907
21.93%
14.53%
-26.67%
61.57%
Growth (%)
2012
2013
2014
2015
8,818,579 10,782,877 12,807,328 14,966,209
16.71%
Growth (%)
2011
Dec-15
Period Attributable
1,118,661
1,363,962
1,562,161
1,145,572
1,850,907
1,026,201
1,357,839
1,443,057
1,120,716
1,811,337
1,026,201
1,357,839
1,443,057
1,120,716
1,811,337

14,966
14,966
12,807
10,783
11,913
8,860
7,556
8,819
5,807
2,754
-299
2011
2012
2013
2014
2015

1,851
1,851
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
25.31
38.74
44.36
21.11
EPS (Rp)
126.99
131.70
147.86
108.40
174.91
BV (Rp)
831.15
992.51
1,093.89
1,159.47
1,309.74
DAR (X)
0.92
0.91
0.91
0.92
0.92
DER(X)
11.17
9.87
10.35
10.80
11.40
RATIOS
Dividend (Rp)
ROA (%)
1.26
1.22
1.19
0.79
1.08
ROE (%)
15.28
13.27
13.52
9.35
13.35
OPM (%)
20.19
21.22
19.81
12.32
16.93
NPM (%)
14.80
15.47
14.49
8.94
12.37
Payout Ratio (%)
19.93
29.41
30.00
19.48
2.09
2.67
5.10
1.75
Yield (%)
1,562
1,364
1,473
1,146
1,119
1,096
718
341
-37
2011
2012
2013
2014
2015
45
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 31 December 2015 structure and the number of domestic and overseas offices of
BankMandiri(Total2,463offices)areasfollows:
12thedomesticterritoryOffice
Branchesinthecountry:
76AreaOffice
1,143BranchOffice
994MandiriMitraUsahaOffices
244CashOutlet
6Overseasbranches
Totalofemployees36,737.
February 2016
Disclaimer:
46
BMRI BankMandiri(Persero)Tbk.
Main Board
1,446.365
Individual Index
:
Listed Shares
23,099,999,999
:
7 | 221.8T | 4.53% | 44.40%

2 | 72.5T | 5.30% | 11.94%
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. Wimboh Santoso *)
2. Abdul Aziz *)
3. Ardan Adiperdana
4. Askolani
5. Aviliani *)
6. Bangun Sarwito Kusmuljono *)
7. Goei Siauw Hong *)
8. Imam Apriyanto Putro
9. Suwhono

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
2015
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
261.45
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
29-Mar-16
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
01-Apr-16
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
30-Mar-16
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
22-Apr-16
F/I
I
F
I
F
F
F
F
I
I
F
F
F
F
I
F
ISSUED HISTORY
BOARD OF DIRECTORS
1. Kartika Wirjoatmodjo
2. Ahmad Siddik Badruddin
3. Hery Gunardi
4. Kartini Sally
5. Ogi Prastomiyono
6. Pahala Nugraha Mansury
7. Rico Usthavia Frans
8. Royke Tumilaar
9. Sulaiman Arif Arianto
10. Tardi
AUDIT COMMITTEE
1. Aviliani
2. Askolani
3. Budi Sulistio
4. Goei Siauw Hong
5. Ridwan Darmawan Ayub
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
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
: www.bankmandiri.co.id
: cma@bankmandiri.co.id
47
Closing
Price*
Volume
(Mill. Sh)
14,000
240
12,250
210
10,500
180
8,750
150
7,000
120
5,250
90
3,500
60
1,750
30
Jan-12
Jan-13
Jan-14
Jan-15
Jan-16

Finance Index
105%
90%
75%
60%
45%
40.1%
36.8%
30%
18.1%
15%
-15%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
7,902
57,019
411
246
8,627
74,504
638
244
7,379
72,645
872
242
7,327
73,668
967
244
481
4,499
64
20
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
7,150
9,250
9,250
9,600
9,000
9,600
9,600
10.06
17.20
2.06
13.05
27.72
2.54
10.99
21.00
1.91
11.41
24.73
1.98
Price (Rupiah)
High
Low
Close
Close*
11.63
PER (X)
6.58
PER Industry (X)
2.47
PBV (X)
48
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Bank Mandiri (Persero) Tbk.
Close
6,700
6,450
6,850
7,400
6,900
7,200
8,300
7,800
8,200
8,250
8,250
8,100
(X)
38,879
76,926
45,324
24,798
23,052
24,789
30,999
26,979
31,515
23,531
25,336
38,789
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
11,375
12,300
12,475
12,550
11,725
10,825
10,400
10,075
9,000
9,650
9,275
9,250
10,600
10,950
11,750
10,350
10,700
9,350
9,275
8,125
7,150
7,675
8,150
8,450
11,000
66,447
12,000
65,366
12,475
70,026
10,750
80,765
10,775
75,800
10,050
91,798
9,525
78,628
9,100 117,687
7,925
74,765
8,700
92,673
8,500
86,552
9,250
66,540
515,375
563,345
428,152
638,748
721,520
706,310
566,167
957,499
574,228
647,562
621,608
386,816
5,623,454
6,593,778
5,146,324
7,347,327
8,037,833
7,092,455
5,596,610
8,726,356
4,839,637
5,819,148
5,408,876
3,436,104
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
9,600
9,000
481,137
4,499,144
20
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
7,150
6,750
6,950
7,400
7,450
7,350
8,300
8,600
8,300
8,400
8,900
8,450
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
Low
6,600
6,000
6,350
6,800
6,650
6,550
6,850
7,350
7,600
7,900
8,150
7,700
9,600
63,648

724,875 4,954,614
1,462,741 9,269,521
984,952 6,573,813
676,326 4,780,291
615,116 4,369,398
420,561 2,956,044
586,543 4,352,468
398,429 3,208,709
480,997 3,812,109
473,867 3,854,682
417,060 3,548,485
660,905 5,339,337
21
21
21
20
21
21
22
19
20
22
20
18
Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Assets
Cash on Hand
11,357,523 15,286,190 19,051,934 20,704,563 25,109,124
51,393,062 48,238,225 45,113,834 61,117,605 37,320,863
Loans
Investment
12,002,918 10,769,775 26,802,548 40,465,158 43,641,564

298,988,258 370,570,356 450,634,798 505,394,870 564,393,595
38,785 11,366,225
616,821
766,524
646,753
8,928,856
9,761,688
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 11,292,727
Total Assets
551,891,704 635,618,708 733,099,762 855,039,673 910,063,409
15.17%
Growth (%)
Deposits
Taxes Payable
15.34%
16.63%
6.44%
2,662,421
2,126,864
1,875,141
11,703,498 11,608,832 15,997,188 24,227,104 33,764,671
Other Liabilities
15,378,187 13,002,765 14,166,214 16,370,686 14,189,412
Total Liabilities
489,237,296 559,085,843 644,309,166 750,195,111 736,198,705
14.28%
Growth (%)
15.24%
16.43%
365,000
182,500
-
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

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 89,224,718
Total Equity
62,654,408 76,532,865 88,790,596 104,844,562 119,491,841
22.15%
Growth (%)
16.02%
18.08%
2011
2012
2013
2014
2015

119,492
-1.87%
Authorized Capital
Par Value
547,500
2,131,616
Fund Borrowings
730,000
397,046,488 456,854,700 521,439,569 600,980,756 634,968,568

761,737
Liabilities
912,500
104,845
88,791
95,116
76,533
70,739
62,654
46,363
21,986
13.97%
-2,390
INCOME STATEMENTS
Dec-11
Dec-12
Dec-13
Dec-14
12.78%
18.00%
24.75%
14.26%
Interest Expenses
15,954,037 15,019,850 17,432,216 23,505,518 26,207,024
11,768,351 11,897,822 14,686,637 14,687,815 18,378,678
16,312,021 18,913,028 21,500,987 25,374,351 40,539,879
16,348,933 19,625,447 23,551,711 25,978,106 26,338,972
Growth (%)
Income Before Tax

2012
163,102
20.04%
20.01%
10.30%
1.39%
878,821
510,126
29,909
30,458
3,816,150
4,460,650
5,231,903
5,353,232
5,217,032
12,695,885 16,043,618 18,829,934 20,654,783 21,152,398
26.37%
17.37%
9.69%
12,246,044 15,504,067 18,203,753 19,871,873 20,334,968
12,479,456 16,256,581 17,996,086 21,482,680 20,446,829
12,029,615 15,717,030 17,369,905 20,699,770 19,658,155
71,570
62,638
71,570
50,209
56,970
42,370
37,730
42,550
27,769
13,169
-1,431
2011
2012
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
104.97
199.33
234.05
212.91
261.45
524.83
664.46
780.16
851.65
871.50
BV (Rp)
2,685.19
3,279.98
3,805.31
4,493.34
5,121.08
DAR (X)
0.89
0.88
0.88
0.88
0.81
DER(X)
7.81
7.31
7.26
7.16
6.16
ROA (%)
2.30
2.52
2.57
2.42
2.32
ROE (%)
20.26
20.96
21.21
19.70
17.70
OPM (%)
43.33
46.12
46.91
41.47
36.80
NPM (%)
33.65
37.70
37.50
32.97
29.55
Payout Ratio (%)
20.00
30.00
30.00
25.00
30.00
1.56
2.46
2.98
1.98
2.83
Yield (%)
2013
2014
2015

20,655
21,152
2014
2015
18,830
21,152
EPS (Rp)
2015
2.41%
Period Attributable
RATIOS
2014
16,512,035 20,504,268 24,061,837 26,008,015 26,369,430
Growth (%)
Dividend (Rp)
2013
37,730,019 42,550,442 50,208,842 62,637,942 71,570,127
Growth (%)
2011
Dec-15
16,044
16,837
12,696
12,522
8,207
3,892
-423
2011
2012
2013
49
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.
AtSeptember30th,2015theCompanyanditssubsidiaries(Group)hadtotalemployees
of12,056employees.
February 2016
Disclaimer:
50
BMTR Global Mediacom Tbk. [S]
Main Board
Industry Sub Sector : Investment Company (98)
Individual Index
:
Listed Shares
:
651.132
14,198,613,922
11,358,891,137,600
64 | 11.4T | 0.23% | 80.83%

67 | 4.58T | 0.33% | 85.91%
COMPANY HISTORY
Established Date
: 30-Jun-1981
Listing Date
: 17-Jul-1995
Under Writer IPO :
PT Makindo
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. Bambang Rudjianto Tanoesoedibjo
3. John Aristianto Prasetio *)
4. Beti Puspitasari Santoso *)
5. 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
7. Christophorus Taufik Siswandi
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. PT MNC Investama Tbk.
2. DB AG HK SA PT MNC Investama
3. DB AG HK-CT S/A Tempus/BMTR-2059974013
4. Public (<5%)
3,506,903,470
3,276,739,030
964,000,000
6,450,971,422
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
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
:
:
:
:
24.70%
23.08%
6.79%
45.43%
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
51
BMTR GlobalMediacomTbk.[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-12
Jan-13
Jan-14
Jan-15
Jan-16

180%
150%
120%
90%
60%
33.4%
30%
18.1%
-23.1%
-30%
-60%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
9,619
17,238
358
246
7,927
17,013
484
244
5,634
11,270
526
242
3,669
4,969
525
244
449
405
82
20
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
660
1,100
1,100
1,170
770
800
800
43.04
15.42
2.00
22.00
22.13
1.29
-91.05
12.43
1.03
-66.21
12.79
0.75
Price (Rupiah)
High
Low
Close
Close*
16.21
PER (X)
19.08
PER Industry (X)
2.34
PBV (X)
52
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Global Mediacom Tbk. [S]
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
1,120
1,270
1,660
1,720
1,790
1,560
1,750
1,820
2,075
2,375
2,450
2,625
Low
980
1,100
1,260
1,570
1,240
1,220
1,470
1,710
1,750
2,050
2,100
2,300
Close
1,110
1,260
1,600
1,660
1,360
1,520
1,750
1,750
2,050
2,275
2,400
2,400
(X)
13,633
15,338
20,226
19,440
26,969
42,500
43,064
27,220
40,318
49,594
36,243
23,246
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
2,015
2,050
2,025
1,795
1,580
1,330
1,245
1,350
1,180
1,140
925
1,120
1,390
1,720
1,670
1,400
1,275
1,045
1,090
1,045
840
870
780
660
1,855
2,015
1,750
1,550
1,290
1,170
1,245
1,180
940
870
835
1,100
60,991
46,069
49,125
40,448
50,073
71,841
35,181
29,430
28,922
30,983
20,310
61,575
440,605
262,325
373,592
250,699
394,587
597,032
211,282
141,738
231,215
161,906
210,002
393,682
793,168
489,181
704,175
402,986
541,817
717,028
244,332
173,425
226,908
163,411
178,602
333,699
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
1,170
770
800
81,856
449,021
404,960
20

207,458
214,242
231,702
279,612
1,014,874 1,369,969
617,944 1,010,682
1,268,031 2,101,421
901,986
633,907
1,358,234 2,123,331
347,523
614,668
651,200 1,225,051
1,949,320 4,263,509
825,913 1,868,399
512,440 1,265,081
21
21
21
20
21
21
22
19
20
22
20
18
BMTR Global Mediacom Tbk. [S]

Book End : December
Public Accountant : Osman Bing Satrio & Eny (Member of Deloitte Touche Tohmatsu Limited)
Dec-11
Dec-12
Dec-13
Dec-14
Sep-15
8,962,428
952,529
1,529,588
1,485,421
894,600
Receivables
2,843,567
3,113,957
3,630,541
3,617,304
3,948,508
Inventories
1,041,615
1,636,122
1,803,445
2,038,756
2,018,094
Current Assets
6,584,939 10,781,083
9,748,947 10,699,101 10,461,555
Fixed Assets
2,905,092
3,734,879
4,906,183
6,299,156
7,429,016
629,706
605,330
824,763
1,260,497
510,212
BALANCE SHEET
Other Assets
Total Assets
Assets
15,111,603 19,995,526 21,069,471 25,365,211 26,580,120
Growth (%)
16,500
11,000
5.37%
20.39%
4.79%
5,500
-
1,984,770
2,481,608
3,681,058
2,563,631
2,985,013
2,311,045
3,218,162
4,035,376
6,927,055
8,457,759
Total Liabilities
4,295,815
5,699,770
7,716,434
9,490,686 11,442,772
32.68%
35.38%
22.99%
20.57%
Growth (%)
22,000
32.32%
Current Liabilities
Liabilities
27,500
2011
2012
2013
2014
Sep-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
5,833,812

Par Value
Retained Earnings
Total Equity
10,815,788 14,295,756 13,353,037 15,874,525 15,137,348
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
7,162,935
Growth (%)
32.17%
-6.59%
18.88%
Dec-12
Dec-13
Dec-14
Sep-15
8,925,419 10,019,977 10,657,152
8,204,736
24.61%
12.26%
-4.64%
6.36%
12,636
3,919,690
4,753,060
5,486,919
6,131,982
4,971,348
3,243,245
4,172,359
4,533,058
4,525,170
3,233,388
Expenses (Income)
1,646,710
1,610,968
3,021,595
2,607,623
2,948,164
9,398
6,159
2,921
2013
2014
10,020
10,657
8,925
1,596,535
2,561,391
1,511,463
1,917,547
285,224
432,765
567,902
481,817
627,539
290,326
1,163,770
1,993,489
1,029,646
1,290,008
-5,102
71.30%
-48.35%
25.29%
Growth (%)
Sep-15
8,483
Tax
2012
10,657
Growth (%)
Income before Tax
10,816
2011
Gross Profit
15,137
13,353
-317
Cost of Revenues
Operating Profit
15,875
14,296
15,875
8,205
7,163
6,309
4,135
1,961
779,363
1,299,085
620,395
704,981
-128,660
1,190,493
2,068,219
1,101,619
1,194,206
-128,309
796,711
1,369,492
692,368
609,179
-251,867
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Sep-15
331.77
434.44
264.84
417.34
350.47
24.00
25.00
25.00
Period Attributable
Current Ratio (%)

Dividend (Rp)
EPS (Rp)
56.51
93.00
44.15
49.65
-9.06
BV (Rp)
784.25
1,023.47
950.21
1,118.03
1,066.11
DAR (X)
0.28
0.29
0.37
0.37
0.43
DER(X)
0.40
0.40
0.58
0.60
0.76
ROA (%)
7.70
9.97
4.89
5.09
-0.02
ROE (%)
10.76
13.94
7.71
8.13
-0.03
GPM (%)
45.28
46.75
45.24
42.46
39.41
OPM (%)
NPM (%)
16.25
22.33
10.28
12.10
-0.06
Payout Ratio (%)
25.81
56.63
50.35
Yield (%)
1.00
1.32
1.75
-213
2011
2012
2013
2014
Sep-15

1,993
1,993
1,594
1,290
1,164
1,030
1,194
794
395
Sep-15
-5
2011
2012
2013
2014
-5.1
53
CC O
OM
M PP A
AN
N YY RR EE PP O
O RR TT
BSDE
BUMI SERPONG DAMAI TBK.
Company Profile
PTBumiSerpongDamaiTbk.wasestablishedin1984andstarteditscommercialoperations
in 1989. The Companys pupose and objective is to engage in real estate development
activities.
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.
TheCompanyhasbeendevelopinganewcity,whichisaplannedandintegratedresidential
area,withamenities/infrastructure,environmentalfacilitiesandparks,calledtheBSDCity.
Asof31December2015,theCompanyhad2,224employees.
February 2016
Disclaimer:
54
BSDE Bumi Serpong Damai Tbk. [S]

Main Board
Individual Index
:
Listed Shares
:
338.880
19,246,696,192
33,296,784,412,160
24 | 33.3T | 0.68% | 65.15%

32 | 11.4T | 0.83% | 66.59%
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. Susiyati Bambang Hirawan *)
3. Teddy Pawitra *)
4. Teky Mailoa
5. Yoseph Fransciscus Bonang
BOARD OF DIRECTORS
1. Franciscus Xaverius Ridwan Darmali
2. Hermawan Wijaya
3. Liauw Herry Hendarta
4. Lie Jani Harjanto
5. Michael J.P. Widjaja
6. Monik William
7. Petrus Kusuma
8. Syukur Lawigena

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%
46.96%
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
AUDIT COMMITTEE
1. Susiyati Bambang Hirawan
2. Rusli Prakarsa
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
55
BSDE BumiSerpongDamaiTbk.[S]
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-12
Jan-13
Jan-14
Jan-15
Jan-16

210%
180%
150%
131.3%
120%
96.6%
90%
60%
30%
23.8%
-30%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
9,294
11,108
223
246
11,028
17,817
404
244
6,167
9,857
441
242
7,020
13,220
584
244
505
890
40
20
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
1,235
1,800
1,800
1,850
1,650
1,730
1,730
8.39
9.57
1.68
7.76
16.29
1.89
15.03
18.66
1.60
14.44
17.68
1.54
Price (Rupiah)
High
Low
Close
Close*
13.12
PER (X)
17.34
PER Industry (X)
1.84
PBV (X)
56
2015 Jan-16
Closing Price
High
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Bumi Serpong Damai Tbk. [S]
1,070
1,250
1,330
1,470
1,490
1,290
1,250
1,160
1,130
1,310
1,290
1,270
Low
940
1,060
1,120
1,290
1,160
1,080
1,070
930
930
1,020
1,180
1,080
Close
1,050
1,150
1,290
1,430
1,200
1,180
1,150
1,000
1,130
1,240
1,210
1,110
(X)
7,492
11,872
13,823
29,809
27,368
16,140
28,070
17,225
21,262
25,587
11,502
12,996
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
2,185
2,230
2,220
2,210
1,995
1,925
1,885
1,845
1,605
1,795
1,750
1,835
1,790
1,990
1,995
1,800
1,780
1,605
1,660
1,285
1,235
1,380
1,565
1,580
2,020
2,220
2,135
1,865
1,905
1,670
1,790
1,605
1,405
1,620
1,685
1,800
54,447
53,279
62,387
47,444
46,933
49,946
40,599
50,155
52,164
48,845
39,619
38,504
1,380,570
819,829
862,616
642,577
599,520
418,594
339,339
345,195
309,768
539,657
389,705
372,398
2,725,175
1,719,779
1,783,198
1,310,178
1,140,180
739,731
597,979
555,520
451,821
893,122
657,357
645,560
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
1,850
1,650
1,730
40,294
505,407
890,031
20
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12

502,946
511,007
802,356
934,604
513,779
633,843
1,020,344 1,421,238
1,081,486 1,423,915
566,611
678,381
1,147,808 1,338,777
653,709
691,237
699,555
727,882
1,192,184 1,397,115
584,368
723,218
627,165
528,628
21
21
21
20
21
21
22
19
20
22
20
18
BSDE BumiSerpongDamaiTbk.[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
Dec-15
3,479,092
3,961,465
4,331,624
2,966,814
6,109,240
Assets
Receivables
86,978
83,188
110,327
138,627
165,542
Inventories
3,012,273
3,374,802
3,796,776
5,239,017
6,547,652
Investment
636,702
769,378
1,652,477
5,735,418
6,332,810
Fixed Assets
486,920
415,371
437,868
607,790
803,253
5,849
415
415
415
415
Other Assets
Total Assets
12,787,377 16,756,718 22,572,159 28,134,725 36,022,148
Growth (%)
14,500
24.64%
28.03%
7,250
-
97,000
91,000
1,362,669
1,523,011
2,056,800
44,602
177,681
95,715
158,055
316,601
4,530,152
6,225,014
9,156,861
37.41%
47.10%
5.51%
44.14%
Growth (%)
21,750
34.71%
Trade Payable
Total Liabilities
29,000
31.04%
Bank Payable
Liabilities
36,250
2011
2012
2013
2014
Dec-15
9,661,295 13,925,458
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
Retained Earnings
1,828,867
2,939,944
5,368,885
Total Equity
8,257,225 10,531,704 13,415,298 18,473,430 22,096,690

Par Value
27.55%
Growth (%)
INCOME STATEMENTS
Total Revenues
27.38%
37.70%
19.61%
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
3,727,812
5,741,264
5,571,872
6,209,574
32.84%
54.01%
-2.95%
11.45%
1,571,559
Cost of Revenues
1,021,278
1,346,826
1,575,447
1,440,361
Gross Profit
1,785,061
2,380,986
4,165,817
4,131,511
4,638,016
Operating Expenses
824,506
949,431
1,256,190
1,499,935
2,090,606
Operating Profit
960,555
1,431,555
2,909,627
2,631,576
2,547,410
49.03%
103.25%
-9.56%
-3.20%
Growth (%)
Income before Tax
Tax
155,769
221,921
322,189
8,170
-232,949
1,170,231
1,696,564
3,278,954
4,306,326
2,362,082
158,197
217,705
373,306
309,862
10,702
1,012,034
1,478,859
2,905,649
3,996,464
2,351,380
46.13%
96.48%
37.54%
-41.16%
Growth (%)
18,473
17,228
13,415
8,913,859 10,727,657
2,806,339
Growth (%)
22,097
21,643
10,532
12,813
8,257
8,398
3,982
-433
2011
2012
2013
2014
Dec-15

6,210
5,741
5,572
2013
2014
5,741
4,570
3,399
3,728
2,806
2,228
1,056
840,780
1,286,047
2,691,396
3,820,552
2,139,497
1,012,301
1,480,581
2,909,347
3,994,332
2,346,110
840,949
1,287,149
2,695,880
3,817,256
2,134,233
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
15.00
15.00
15.00
EPS (Rp)
48.05
73.50
153.82
207.96
111.16
BV (Rp)
471.92
601.91
766.72
1,005.53
1,148.08
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
6.53
ROE (%)
12.26
14.04
21.66
21.63
10.64
GPM (%)
63.61
63.87
72.56
74.15
74.69
OPM (%)
34.23
38.40
50.68
47.23
41.02
NPM (%)
36.06
39.67
50.61
71.73
37.87
Payout Ratio (%)
20.41
9.75
7.21
Yield (%)
1.35
1.16
0.83
Period Attributable
Dividend (Rp)
-115
2011
2012
Dec-15

3,996
3,996
2,906
3,181
2,351
2,366
1,479
1,551
1,012
735
-80
2011
2012
2013
2014
Dec-15
57
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,
PTSaranaFarmindoUtama
PTSingaMasInternational
PTPrimaRitelIndonesia
PTPrimaPersadaPropertindo.
TheCompanyandSubsidiarieshad4,797employeesasofDecember31st,2015.
February 2016
Disclaimer:
58
CPIN Charoen Pokphand Indonesia Tbk. [S]
Main Board
Industry Sector : Basic Industry And Chemicals (3)
Industry Sub Sector : Animal Feed (36)
Individual Index
:
Listed Shares
:
15,234.322
16,398,000,000
54,851,310,000,000
16 | 54.9T | 1.12% | 57.99%

60 | 5.41T | 0.40% | 83.42%
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 Jasa Korpora
Rukan Kirana Boutique Office
Jln. Kirana Avenue III Blok F3 No. 5, Kelapa Gading, Jakarta Utara
Phone : (021) 2974-5222

Fax
:
1. Hadi Gunawan Tjoe
2. Herman Sugianto *)
3. Jiacipto Jiaravanon (passed away on 8 Dec 2015)
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, 691-9999

Fax
: (021) 690-7324
Homepage
Email
F/I
: www.cp.co.id
: hadijanto@cp.co.id
cpi-jkt@cp.co.id
59

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-12
Jan-13
Jan-14
Jan-15
Jan-16

Basic Industry and Chemicals Index
150%
125%
100%
75%
52.0%
50%
25%
18.1%
Freq.
Volume
Value
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
2,550
2,875
2,775
2,825
2,800
3,425
3,425
3,200
3,025
3,200
3,475
3,650
Low
2,100
2,425
2,525
2,625
2,550
2,325
2,925
2,600
2,650
2,925
3,000
3,125
Close
2,500
2,675
2,750
2,750
2,625
3,425
3,200
2,700
3,025
3,125
3,425
3,650
(X)
28,901
22,290
16,781
14,447
16,503
21,919
23,542
23,263
19,062
15,684
17,577
17,348
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
4,025
3,925
3,830
3,695
3,395
3,190
2,890
2,585
2,070
2,605
3,390
3,400
3,725
3,740
3,345
2,820
2,700
2,700
2,450
1,350
1,775
2,010
2,410
2,600
3,955
3,785
3,545
2,835
3,140
2,750
2,535
1,870
2,000
2,500
3,165
2,600
47,230
39,903
45,919
50,293
46,791
42,679
38,397
58,156
43,152
44,798
46,862
65,525
169,097
181,862
172,460
137,795
135,282
113,524
95,655
220,898
145,979
146,431
147,436
195,345
657,060
693,947
631,070
460,367
412,951
331,980
260,266
387,127
282,924
353,477
433,827
577,969
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
3,400
2,605
3,345
54,758
196,108
586,715
20

362,122
843,531
354,584
947,040
233,594
623,275
163,751
443,008
200,774
536,404
274,107
792,772
261,769
823,958
254,560
729,813
243,921
697,362
168,547
516,572
190,871
612,019
464,529 1,521,474
21
21
21
20
21
21
22
19
20
22
20
18
-1.1%
-25%
-50%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
3,173
9,087
237
246
2,832
11,754
389
244
2,583
10,234
528
242
1,862
5,483
570
244
196
587
55
20
Price (Rupiah)
High
Low
Close
Close*
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
1,350
2,600
2,600
3,400
2,605
3,345
3,345
21.87
6.83
5.56
27.14
16.60
5.68
23.21
5.33
3.39
29.86
6.00
4.37
22.33
PER (X)
9.79
PER Industry (X)
7.32
PBV (X)
60
Closing Price
Day
TRADING ACTIVITIES

Charoen Pokphand Indonesia Tbk. [S]
2015 Jan-16

Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
876,198
954,694
1,146,852
884,831
1,679,273
Assets
Receivables
1,381,707
1,846,576
2,531,089
3,522,209
3,339,849
Inventories
2,339,543
3,366,317
4,044,737
4,333,238
5,454,001
Current Assets
5,250,245
7,180,890
8,824,900 10,009,670 12,013,294
Fixed Assets
3,198,604
4,593,000
6,389,545
51,645
46,105
49,920
Other Assets
Total Assets
9,058,302 11,123,465
78,296
83,965
8,848,204 12,348,627 15,722,197 20,862,439 24,684,915
Growth (%)
15,000
10,000
27.32%
32.69%
18.32%
5,000
-
1,575,552
2,167,652
2,327,048
4,467,240
5,703,842
1,083,182
2,004,511
3,444,249
5,451,910
6,419,646
Total Liabilities
2,658,734
4,172,163
5,771,297
9,919,150 12,123,488
56.92%
38.33%
71.87%
22.22%
Growth (%)
20,000
39.56%
Current Liabilities
Liabilities
25,000
2011
2012
2013
2014
Dec-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

Par Value
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 12,261,973
Total Equity
6,189,470
8,176,464
9,950,900 10,943,289 12,561,427
32.10%
Growth (%)
INCOME STATEMENTS
Total Revenues
Gross Profit
Expenses (Income)
Operating Profit
Income before Tax

Tax
8,176
9,519
7,080
6,189
14.79%
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
2,200
17,957,972 21,310,925 25,662,992 29,150,275 30,107,727
18.67%
20.42%
13.59%
3.28%
-239
2011
2012
2013
2014
Dec-15
14,033,726 16,819,413 20,513,184 25,016,020 24,967,568

3,924,246
4,491,512
5,149,808
4,134,255
5,140,159
915,033
1,032,832
1,571,511
1,766,507
1,652,086
3,009,213
3,458,680
3,758,297
2,367,748
3,488,073
14.94%
8.66%
-37.00%
47.32%
-34,633
-82,181
-126,964
-260,856
-1,206,445
2,974,580
3,376,499
3,451,333
2,106,892
2,281,628
612,083
695,627
922,643
360,248
449,030
2,362,497
2,680,872
2,528,690
1,746,644
1,832,598
13.48%
-5.68%
-30.93%
4.92%
Growth (%)
9.97%
9,951
10,943
4,640
Growth (%)
Cost of Revenues
21.70%
12,561
11,959
Growth (%)

29,150
30,108
2014
Dec-15
25,663
29,150
21,311
23,204
17,958
17,257
11,310
5,364
Period Attributable
2,355,475
2,684,064
2,530,909
1,746,644
1,836,978
2,362,497
2,680,872
2,528,690
1,746,644
1,850,392
2,355,475
2,684,064
2,530,909
1,746,795
1,854,985
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
333.23
331.28
379.23
224.07
210.62
42.00
46.00
46.00
18.00
EPS (Rp)
143.64
163.68
154.34
106.52
112.02
BV (Rp)
377.45
498.63
606.84
667.36
766.03
DAR (X)
0.30
0.34
0.37
0.48
0.49
DER(X)
0.43
0.51
0.58
0.91
0.97
ROA (%)
26.70
21.71
16.08
8.37
7.42
ROE (%)
38.17
32.79
25.41
15.96
14.59
GPM (%)
21.85
21.08
20.07
14.18
17.07
OPM (%)
16.76
16.23
14.64
8.12
11.59
NPM (%)
13.16
12.58
9.85
5.99
6.09
Payout Ratio (%)
29.24
28.10
29.80
16.90
1.95
1.26
1.36
0.48
RATIOS
Current Ratio (%)
Dividend (Rp)
Yield (%)
-583
2011
2012
2013

2,681
2,681
2,362
2,529
1,747
1,833
2014
Dec-15
2,134
1,587
1,040
493
-54
2011
2012
2013
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,
PTSuryaIntiTembakau,
PTSuryaAbadiSemesta,
GalaxyPrimeLtd.
Theendof31December2015,theCompanyandsubsidiarieshad36,955employees.
February 2015
Disclaimer:
62
GGRM GudangGaramTbk.
Main Board
Industry Sector : Consumer Goods Industry (5)
Industry Sub Sector : Tobacco Manufacturers (52)
2,277.073
Individual Index
:
Listed Shares
1,924,088,000
:
8 | 112.3T | 2.29% | 46.69%

22 | 15.3T | 1.12% | 56.53%
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. Gotama Hengdratsonata
2. Chetryana Gunardi
3. Tony Gunawan
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)
64,000
16.0
56,000
14.0
48,000
12.0
40,000
10.0
32,000
8.0
24,000
6.0
16,000
4.0
8,000
2.0
Jan-12
Jan-13
Jan-14
Jan-15
Jan-16

Consumer Goods Industry Index
100%
80%
61.6%
60%
40%
20%
18.1%
-7.6%
-20%
-40%
-60%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
370
20,026
228
246
447
20,285
272
244
270
14,031
406
242
312
15,434
547
244
30
1,683
49
20
Price (Rupiah)
High
Low
Close
Close*
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
39,500
55,000
55,000
59,000
52,550
58,350
58,350
18.67
15.98
2.75
21.67
24.22
3.66
16.44
17.69
2.78
17.45
17.48
2.95
26.62
PER (X)
19.75
PER Industry (X)
4.07
PBV (X)
64
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Gudang Garam Tbk.
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
63,250
59,850
57,300
60,450
61,050
62,800
63,800
55,500
50,500
53,600
53,000
60,450
Low
55,400
50,050
51,400
55,300
54,000
53,350
55,250
48,100
45,900
46,250
46,050
52,500
Close
57,000
56,750
55,050
59,200
54,100
61,500
56,350
50,100
46,450
49,150
52,850
56,300
(X)
17,928
24,119
20,086
16,395
17,382
12,187
17,251
27,096
18,256
18,562
22,959
15,404
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
64,000
58,500
55,325
54,650
50,600
47,500
54,150
49,875
44,500
47,800
52,650
55,000
51,900
53,400
47,525
49,025
44,750
42,000
44,775
41,000
39,500
41,950
42,925
48,275
57,800
53,425
51,000
50,000
47,100
45,100
49,500
44,500
42,000
42,950
48,900
55,000
51,790
34,568
46,689
49,629
58,307
37,643
37,887
35,432
30,568
59,672
62,483
42,043
31,660
20,001
28,926
33,822
34,542
15,845
20,455
17,485
13,048
36,514
33,338
26,125
1,822,015
1,112,549
1,510,900
1,754,518
1,620,711
710,356
1,000,185
776,131
548,579
1,616,201
1,609,672
1,352,426
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
59,000 52,550 58,350
48,532
30,319
1,683,368
20

24,428 1,440,624
33,685 1,855,940
30,356 1,645,012
25,722 1,498,625
25,548 1,481,745
19,587 1,147,973
33,688 1,958,846
41,704 2,143,553
26,130 1,247,867
34,242 1,718,568
43,229 2,115,356
31,454 1,771,421
21
21
21
20
21
21
22
19
20
22
20
18
Book End : December

BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
1,094,895
1,285,799
1,404,108
1,588,110
2,725,891
937,987
1,382,539
2,196,086
1,532,275
1,568,098

Receivables
Assets
Inventories
28,020,017 26,649,777 30,241,368 34,739,327 37,255,928
Current Assets
30,381,754 29,954,021 34,604,461 38,532,600 42,568,431
Fixed Assets
Other Assets
Total Assets
8,189,881 10,389,326 14,788,915 18,973,272 20,106,488

479,473
6.19%

Total Liabilities
1,318,730
604,404
639,170
26,000
13,534,319 13,802,317 20,094,580 23,783,134 24,045,086
1,101,295
1,259,400
14.67%
39,000
13,000
1,003,458
22.31%
52,000
9.08%
Growth (%)
Current Liabilities
1,122,077
39,088,705 41,509,325 50,770,251 58,220,600 63,505,413
1,208,746
Liabilities
65,000
1,452,418
2011
2012
2013
2014
Dec-15
14,537,777 14,903,612 21,353,980 24,991,880 25,497,504
2.52%
43.28%
17.04%
2.02%
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 36,899,588
Total Equity
24,550,928 26,605,713 29,416,271 33,228,720 38,007,909
8.37%
Growth (%)
10.56%
12.96%
38,008
33,229
35,763
28,467
24,551
26,606
29,416
21,172
14.38%
13,876
INCOME STATEMENTS
Total Revenues
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
17.06%
Growth (%)
13.07%
17.59%
7.95%
Cost of Revenues
31,754,984 39,843,974 44,563,096 51,806,284 54,879,962
Gross Profit
10,129,368
Expenses (Income)
Operating Profit
Income before Tax
3,159,041
418,214
6,025,681
6,691,722
4,801,910
2011
2012
2013
11.05%
28.18%
17.34%
-495,035
-755,518
-1,371,811
-1,429,592
5,530,646
5,936,204
7,205,845
8,635,275
Tax
1,656,869
1,461,935
1,552,272
1,810,552
2,182,441
4,958,102
4,068,711
4,383,932
5,395,293
6,452,834
-17.94%
7.75%
23.07%
19.60%
2014
Dec-15
5,420,744
8,577,656 10,064,867
6,614,971
Growth (%)
-715
9,184,722 10,873,858 13,379,566 15,485,611
3,514,397
Growth (%)
6,580
41,884,352 49,028,696 55,436,954 65,185,850 70,365,573
70,366
65,186
65,186
55,437
49,029
51,888
41,884
38,590
25,292
11,994
Period Attributable
4,894,057
4,013,758
4,328,736
5,368,568
6,435,654
4,958,102
4,068,711
4,383,932
5,395,293
6,458,516
4,894,057
4,013,758
4,328,736
5,368,568
6,441,336
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
224.48
217.02
172.21
162.02
177.04
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
3,344.78
BV (Rp)
12,759.77
13,827.70
15,288.42
17,269.85
19,753.73
DAR (X)
0.37
0.36
0.42
0.43
0.40
0.59
0.56
0.73
0.75
0.67
ROA (%)
12.68
9.80
8.63
9.27
10.16
ROE (%)
20.20
15.29
14.90
16.24
16.98
GPM (%)
24.18
18.73
19.61
20.53
22.01
OPM (%)
12.29
12.07
13.16
14.30
NPM (%)
11.84
8.30
7.91
8.28
9.17
Payout Ratio (%)
39.31
38.35
35.56
28.67
1.61
1.42
1.90
1.32
DER(X)
Yield (%)
-1,304
2011
2012
2013
2014
Dec-15

6,453
6,496
5,395
5,395
4,958
4,069
4,384
4,295
3,194
2,093
993
-108
2011
2012
2013
2014
Dec-15
65
CC O
OM
M PP A
AN
N YY RR EE PP O
O RR TT
HMSP
HANJAYA MANDALA SAMPOERNA TBK.
Company Profile
PTHanjayaMandalaSampoernaTbk.wasestablishedonOctober19th,1963.
ThescopeofactivitiesoftheCompanycomprisesmanufacturingandtradingofcigarettes
andinvestinginothercompanies.TheCompanystarteditscommercialoperationsin1913
inSurabaya,asahomeindustry.In1930,thishomeindustrywasofficiallyorganisedunder
thenameofNVBMHandelMaatschapijSampoerna.
The Company is domiciled in Surabaya and its plants are located in Surabaya, Pasuruan,
Malang,Karawang,andProbolinggo.TheCompanyalsohasacorporateofficeinJakarta.
As at December 31st, 2015, The Company and subsidiaries had 29,520 permanent
employees.
TheCompanyisoneoftheleadingtobaccocompaniesinIndonesia.Itisthemakerofsome
of the most wellknown kretek (clove) cigarette brands such as Sampoerna Hijau,
SampoernaAMild,andthelegendaryKingofKretekDjiSamSoe.Infact,onMay18th,
2005, when the company was acquired by Philip Morris International, it became part of
one of the worlds largest tobacco companies. Today the Company distributes Marlboro,
theworldsbestsellingcigarettebrand,inIndonesia.
TheCompanyhasdirectandindirectownershipinanumberofsubsidiariesamongothers,
PTPerusahaanDagangdanIndustriPanamas,PTSampoernaPrintpack,PTHandalLogistik
Nusantara,PTSampoernaIndonesiaSembilan,PTUnionSampoernaDinamika,PTTaman
Dayu,PTGolfTamanDayu,PTWahanaSampoerna,SampoernaInternationalPte.Ltd.,PT
HarapanMajuSentosa,andPTPersadaMakmurIndonesia.
February 2016
Disclaimer:
66
HMSP HM Sampoerna Tbk.
Main Board
Industry Sub Sector : Tobacco Manufacturers (52)
20,688.539
Individual Index
:
Listed Shares
4,652,723,076
:
6T | 9.83% | 9.83%
9 | 31.5T | 2.30% | 37.23%
COMPANY HISTORY
Established Date
: 27-Mar-1905
Listing Date
: 15-Aug-1990
Under Writer IPO :
PT Inter- Pacific
PT Multicorp
PT Jardine Fleming Nusantara Finance
PT Sirca Datapro Perdana
Jln. Johar No. 18
Menteng, Jakarta 10340
Phone : (021) 314-0032, 390-5920, 390-0645
Fax
: (021) 314-0185, 390-0652, 390-0671
1. John Gledhill
2. Charles Herve Bendoti
3. Goh Kok Ho *)
4. Niken Kristiawan Rachmad
5. RB. Permana Agung Dradjattun *)
BOARD OF DIRECTORS
1. Paul Norman Janelle
2. Andre Dahan
3. Michael Sandritter
4. Troy J. Modlin
5. Peter Alfred Kurt Haase
6. Wayan Mertasana Tantra
7. Yos Adiguna Ginting
AUDIT COMMITTEE
1. Goh Kok Ho
2. Hanafi Usman
3. RB. Permana Agung Dradjattun
CORPORATE SECRETARY
Ike Andriani
HEAD OFFICE
One Pacific Place 18th Fl., SCBD
Jln. Jend. Sudirman Kav. 52-53
Jakarta 12190

1. PT Philip Morris Indonesia
2. Public (<5%)
4,303,768,845 :
348,954,231 :
Bonus
Cash
Year
1990
1991
1992
1993
1993
1994
1995
1996
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Shares
Dividend
50.00
70.00
100.00
400.00
2:3
200.00
275.00
150.00
500.00
350.00
25.00
190.00
495.00
175.00
1,065.00
755.00
540.00
110.00
765.00
1,640.00
1,750.00
1,300.00
3,399.00
2,008.00
Cum Date
01-Aug-91
30-Jul-92
25-May-93
From
01-Sep-94
01-Aug-95
26-Jul-96
25-Jul-97
From
26-Jul-01
08-Aug-02
From
From
23-Nov-04
From
From
From
02-Dec-09
From
From
From
10-Jun-13
From
From
Recording
Date
09-Aug-91
08-Aug-92
03-Jun-93
Until
09-Sep-94
11-Aug-95
06-Aug-96
05-Aug-97
Until
03-Aug-01
14-Aug-02
Until
Until
26-Nov-04
Until
Until
Until
07-Dec-09
Until
Until
Until
13-Jun-13
Until
Until
Ex Date
02-Aug-91
31-Jul-92
26-May-93
24-Dec-93
02-Sep-94
02-Aug-95
29-Jul-96
28-Jul-97
16-May-00
27-Jul-01
09-Aug-02
08-Apr-03
19-May-04
24-Nov-04
22-Jul-05
24-Nov-06
03-Sep-07
03-Dec-09
09-Feb-10
13-Jun-11
07-Dec-11
11-Jun-13
03-Dec-13
06-May-15
92.50%
7.50%
Payment
Date
09-Sep-91
08-Sep-92
28-Jun-93
18-Aug-94
27-Oct-94
09-Sep-95
27-Aug-96
27-Aug-97
25-Aug-00
22-Aug-01
27-Aug-02
07-Aug-03
09-Dec-04
09-Dec-04
04-Oct-06
17-Mar-08
25-Mar-09
22-Dec-09
29-Sep-10
23-Dec-11
27-Dec-12
27-Jun-13
23-Dec-14
09-Sep-15
F
F
I
F
B
F
F
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.
8.
Type of Listing
First Issue
Partial Listing
Company Listing
Bonus Shares
Stock Split
Additional Listing
Buy Back
Right Issue
Shares
27,000,000
18,000,000
135,000,000
270,000,000
4,162,000,000
28,000,000
-257,000,000
269,340,247
T:
T:
T:
T:
Listing
Date
15-Aug-90
15-Aug-90
15-Jun-92
28-Sep-94
18-Nov-96
18-Jun-99
17-Oct-01
27-Oct-15
:
:
:
Trading
Date
15-Aug-90
15-Feb-91
15-Jun-92
28-Sep-94
24-Sep-01
18-Jun-99
27-Sep-04
03-Nov-15
Phone : (021) 515-1234

Fax
: (021) 515-2234
Homepage
Email
F/I
: www.sampoerna.co.id
: Ike.Andriani@sampoerna.com
67

Closing
Price*
Volume
(Mill. Sh)
120,000
320
105,000
280
90,000
240
75,000
200
60,000
160
45,000
120
30,000
80
15,000
40
Jan-12
Jan-13
Jan-14
Jan-15
Jan-16

175%
161.9%
150%
125%
100%
75%
61.6%
50%
25%
18.1%
-25%
Jan 12
Jan 13
Jan 14
Jan 15
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
5
252
3
239
3
226
2
219
2
144
3
233
60,000
38,600
59,900
59,466
88,000
59,100
62,400
61,948
Price (Rupiah)
High
Low
Close
Close*
26.78
PER (X)
19.75
PER Industry (X)
19.73
PBV (X)
68
25.28
15.98
19.32
Jan 16
2015 Jan-16
357
29,089
116
234
25
2,431
36
20
74,000 102,000 109,800

60,000
64,900
89,000
94,000 103,500
68,650
68,153
94,000 103,500
29.48
24.22
27.35
43.18
17.69
50.29
47.54
17.48
55.37
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

HM Sampoerna Tbk.
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
44,000
54,200
54,000
54,700
55,900
52,750
52,100
53,250
52,950
54,200
57,800
60,000
Low
38,600
42,600
52,000
53,000
52,500
46,950
49,050
50,500
51,750
51,900
54,000
56,700
Close
42,500
53,000
53,200
54,200
52,800
51,700
52,000
52,000
52,600
54,000
57,800
59,900
(X)
320
418
199
206
432
610
269
173
130
194
123
190
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
63,500
74,900
84,500
85,100
88,000
87,500
85,000
81,000
70,000
68,400
68,100
66,000
59,100
63,250
74,900
82,350
84,500
79,500
80,000
59,500
64,000
64,000
64,000
59,750
63,300
74,900
84,500
84,300
87,500
85,000
82,000
65,500
65,400
66,900
65,000
62,400
96
178
232
145
132
156
53
551
165
142
123
285
186
486
236
636
209
116
42
558
115
126
134
249
11,678
33,411
18,861
51,331
17,941
9,564
3,458
40,238
7,657
8,216
8,761
15,132
18
20
19
21
19
16
12
17
19
21
18
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
68,000
71,500
69,900
70,300
74,000
69,000
71,600
70,650
72,500
72,100
71,500
70,000
60,000
66,500
68,025
68,000
68,000
66,000
67,100
67,000
70,000
70,000
69,250
67,375
67,050
68,500
69,000
69,900
68,900
67,300
69,700
70,650
72,000
71,100
69,850
68,650
484
412
227
254
238
343
254
210
116
146
253
418
327
138
80
176
63
276
188
173
74
85
246
272
20,297
9,572
5,590
12,199
4,317
18,618
13,058
12,026
5,352
6,047
17,359
19,365
20
20
20
18
18
21
17
18
21
21
20
19
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
68,650
66,900
73,850
75,375
73,750
72,500
90,050
84,850
77,250
99,000
101,900
102,000
66,250
64,900
64,900
71,750
71,000
70,500
70,500
71,000
74,250
76,000
91,900
91,025
67,200
65,200
73,475
73,500
72,500
72,000
83,450
76,000
75,975
91,975
101,900
94,000
294
269
562
273
156
149
1,318
633
588
37,998
51,731
21,935
99
6,683
1,889
121,465
440
29,284
99
7,369
7,970
203
64
4,562
584
47,679
291
22,329
288
21,750
287,642 22,430,794
54,195 5,310,744
11,202 1,078,449
21
19
21
19
17
16
19
20
21
21
21
19
Jan-16
109,800 89,000 103,500
36,158

314
13,006
30,649
613
343
18,136
181
9,743
624
33,607
44,705
905
274
13,729
662
34,378
114
5,966
15,600
294
392
21,761
11,053
191
24,636
2,430,871
21
21
20
20
21
19
22
19
19
21
19
17
20

Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
2,070,123
783,505
657,276
65,086
1,718,738
Receivables
1,092,906
1,372,754
1,449,427
1,097,937
4,726,827
Inventories
8,913,348 15,669,906 17,332,558 17,431,586 19,071,523
BALANCE SHEET
Current Assets
Fixed Assets
Other Assets
Total Assets
Assets
14,851,460 21,128,313 21,247,830 20,777,514 29,807,330

3,850,665
4,115,078
4,708,669
5,919,600
6,281,176
323,862
468,924
574,203
804,448
844,896
19,376,343 26,247,527 27,404,594 28,380,630 38,010,724
35.46%

Total Liabilities
31,000
23,250
15,500
33.93%
7,750
8,489,897 11,897,977 12,123,790 13,600,230
4,538,674
684,657
1,282,286
1,455,990
9,174,554 12,939,107 13,249,559 14,882,516
5,994,664
Growth (%)
1,041,130
4.41%
1,125,769
41.03%
2.40%
12.32%
-59.72%
Liabilities
38,750
3.56%
Growth (%)
Current Liabilities
Book End : December
2011
2012
2013
2014
2015

Authorized Capital
630,000
630,000
630,000
630,000
630,000
Paid up Capital
438,300
438,300
438,300
438,300
465,272
4,383
4,383
4,383
4,383
4,653
100
100
100
100
100

Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Dec-11
30.45%
6.36%
-4.64%
137.19%
Dec-12
Dec-13
Dec-14
Dec-15
26.05%
12.61%
7.55%
10.38%
Cost of Revenues
37,661,205 48,118,835 54,953,870 60,190,077 67,304,917
Gross Profit
15,195,503 18,507,288 20,071,337 20,500,062 21,764,389
Operating Profit
18,954
12,422
4,578,116
5,124,031
5,561,627
6,781,763
7,831,745
10,617,387
13,498
2012
2013
2014
5,891
-640
2011
89,069
75,025
293,695
10,911,082 13,383,257 14,509,710 13,718,299 13,932,644

3,691,224
Tax
2,846,656
3,437,961
8,064,426
9,945,296 10,818,486 10,181,083 10,363,308
23.32%
Growth (%)
8.78%
3,537,216
-5.89%
2015

80,690
66,626
70,899
Income before Tax
14,155
89,069
Growth (%)
13,308
10,202
52,856,708 66,626,123 75,025,207 80,690,139 89,069,306
Growth (%)
Expenses (Income)
25,485
9,134,733 12,115,587 12,979,625 12,343,869 10,448,143

10,201,789 13,308,420 14,155,035 13,498,114 32,016,060
Growth (%)
Total Revenues
32,016
32,016
52,857
52,729
3,569,336
34,559
1.79%
16,389
Period Attributable
RATIOS
Current Ratio (%)
Dividend (Rp)
9,945,296 10,818,486 10,181,083 10,363,308
8,051,057
9,805,421 10,807,957 10,014,995 10,355,007
- 10,807,957 10,014,995 10,355,007
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
174.93
177.58
175.26
152.77
656.74
1,750.00
1,300.00
3,399.00
2,008.00
2,269.06
2,468.28
2,322.86
2,227.36
BV (Rp)
2,327.58
3,036.37
3,229.53
3,079.65
6,881.14
DAR (X)
0.47
0.49
0.48
0.52
0.16
DER(X)
0.90
0.97
0.94
1.10
0.19
ROA (%)
41.62
37.89
39.48
35.87
27.26
ROE (%)
79.05
74.73
76.43
75.43
32.37
GPM (%)
28.75
27.78
26.75
25.41
24.44
OPM (%)
20.09
NPM (%)
15.26
14.93
14.42
12.62
11.64
57.29
137.71
86.45
2.17
5.45
2.92
EPS (Rp)
Payout Ratio (%)

Yield (%)
4.49
-1,781
2011
2012
2013
2014
2015

9,945
10,818
8,612
10,818
10,181
10,363
2014
2015
8,064
6,405
4,198
1,991
-216
2011
2012
2013
69
COMPANY REPORT
ICBP
INDOFOOD CBP SUKSES MAKMUR TBK.
Company Profile
PTIndofoodCBPSuksesMakmurTbk.wasestablishedonSeptember2nd,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
factoriesarelocatedinvariouslocationsinJava,Sicumatera,Kalimantan,SulawesiIslands
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
ofSeptember30th,2015,theGrouphad30,948employees.
February 2016
Disclaimer:
70
ICBP IndofoodCBPSuksesMakmurTbk.[S]
Main Board
Industry Sub Sector : Food And Beverages (51)
Individual Index
:
Listed Shares
:
267.841
5,830,954,000
84,257,285,300,000
10 | 84.3T | 1.72% | 50.26%

41 | 9.40T | 0.69% | 73.44%
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 *) (Passed away on 10 Feb 2016)

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
71
Closing
Price*
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-12
Jan-13
Jan-14
Jan-15
Jan-16

210%
180%
172.6%
150%
120%
90%
61.6%
60%
30%
18.1%
-30%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014
2015 Jan-16

Value (Billion Rp)
Frequency (Thou. X)
Days
990
6,084
73
246
1,082
11,297
217
244
899
9,593
331
242
735
9,796
389
244
60
851
38
20
Price (Rupiah)
High
Low
Close
Close*
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
10,900
13,475
13,475
14,900
12,850
14,450
14,450
26.73
15.98
4.48
27.67
24.22
5.26
26.18
17.69
4.79
28.08
17.48
5.14
19.88
PER (X)
19.75
PER Industry (X)
3.79
PBV (X)
72
Closing Price
Low
4,975
5,050
5,150
5,000
5,400
5,400
5,700
6,400
6,150
6,300
6,900
7,300
Freq.
Volume
Value
Close
5,100
5,650
5,450
5,650
5,650
5,750
6,600
6,550
6,350
7,150
7,400
7,800
(X)
4,570
5,499
6,691
5,021
4,606
3,477
8,760
5,188
7,021
9,940
5,982
6,712
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
16,050
14,650
15,500
14,700
14,225
14,200
13,050
13,000
13,175
13,800
13,500
13,600
12,450
13,900
14,025
12,300
13,300
12,050
11,800
11,550
10,900
12,050
11,925
11,325
14,500
14,300
14,675
13,200
14,100
12,475
12,300
12,750
12,400
13,200
12,625
13,475
33,591
28,064
38,018
31,277
34,554
31,709
33,854
32,387
28,987
37,513
32,730
26,651
90,954
53,007
88,680
95,059
63,037
37,052
44,360
69,230
42,367
65,176
48,234
37,590
1,243,010
751,753
1,289,971
1,306,487
855,040
483,342
545,752
863,442
523,143
848,257
616,032
470,086
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
14,900 12,850 14,450
37,740
60,286
851,215
20
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
5,350
5,650
5,700
5,650
5,900
5,850
6,850
6,850
6,650
7,750
7,550
8,300
Day
TRADING ACTIVITIES

Indofood CBP Sukses Makmur Tbk. [S]

86,150
439,212
470,009
86,833
70,684
380,098
89,511
468,937
82,359
472,137
282,356
49,711
144,591
897,445
58,263
385,634
67,678
431,645
787,349
111,373
74,371
536,371
68,335
532,860
21
21
21
20
21
21
22
19
20
22
20
18
Book End : December
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
4,420,644
5,484,318
5,526,173
7,342,986
7,657,510
Receivables
2,378,402
2,328,181
2,549,415
2,902,202
3,363,697
Inventories
1,629,883
1,812,887
2,868,722
2,821,618
2,546,835
Current Assets
8,580,311
9,888,440 11,321,715 13,603,527 13,961,500
Fixed Assets
2,590,036
3,839,756
4,844,407
5,838,843
6,555,660
169,718
888,529
213,907
222,280
BALANCE SHEET
Other Assets
Total Assets
Assets
15,222,857 17,753,480 21,267,470 24,910,211 26,560,624
Growth (%)
16,050
10,700
19.79%
17.13%
6.63%
5,350
-
2,988,540
3,579,487
4,696,583
6,230,997
6,002,344
1,524,544
2,187,195
3,305,156
3,639,267
4,171,369
Total Liabilities
4,513,084
5,766,682
8,001,739
9,870,264 10,173,713
27.78%
38.76%
23.35%
3.07%
Growth (%)
21,400
16.62%
Current Liabilities
Liabilities
26,750
2011
2012
2013
2014
Dec-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
8,850,067

Par Value
Retained Earnings
Total Equity
10,709,773 11,986,798 13,265,731 15,039,947 16,386,911
11.92%
Growth (%)
INCOME STATEMENTS
Total Revenues
13.37%
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
11.40%
16.31%
19.64%
5.72%
5,031,259
5,778,609
6,425,691
8,059,854
9,619,137
2,936,549
3,653,767
4,931,161
5,627,005
Operating Profit
2,608,001
2,842,060
2,771,924
3,128,693
3,992,132
8.97%
-2.47%
12.87%
27.60%
136,909
185,130
195,066
260,032
17,502
2,744,910
3,027,190
2,966,990
3,388,725
4,009,634
Growth (%)
9,280
2,884
-314
2011
2012
2013
2014
Dec-15
14,335,896 15,796,183 18,668,990 21,962,609 22,121,957

2,423,258
Tax
13,266
19,367,155 21,574,792 25,094,681 30,022,463 31,741,094
Expenses (Income)
Income before Tax
10,710
11,987
8.96%
Gross Profit
12,478
6,082
Growth (%)
Cost of Revenues
10.67%
16,387
15,040
15,676
678,545
744,819
733,699
857,044
1,086,486
2,066,365
2,282,371
2,235,040
2,531,681
2,923,148
10.45%
-2.07%
13.27%
15.46%
Growth (%)

31,741
30,022
30,022
25,095
23,898
19,367
21,575
17,773
11,649
5,524
Period Attributable
1,975,345
2,179,592
2,225,272
2,604,239
3,000,713
2,064,049
2,287,242
2,286,639
2,522,328
3,025,095
1,973,683
2,183,205
2,260,929
2,598,808
3,093,809
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Current Ratio (%)
287.11
276.25
241.06
218.32
232.60
Dividend (Rp)
169.00
190.00
222.00
RATIOS
338.77
373.80
381.63
446.62
514.62
BV (Rp)
1,836.71
2,055.72
2,275.05
2,579.33
2,810.33
DAR (X)
0.30
0.32
0.38
0.40
0.38
DER(X)
0.42
0.48
0.60
0.66
0.62
ROA (%)
13.57
12.86
10.51
10.16
11.01
ROE (%)
19.29
19.04
16.85
16.83
17.84
GPM (%)
25.98
26.78
25.61
26.85
30.30
OPM (%)
13.47
13.17
11.05
10.42
12.58
NPM (%)
10.67
10.58
8.91
8.43
9.21
Payout Ratio (%)
49.89
49.79
49.71
3.25
1.86
1.69
EPS (Rp)
Yield (%)
-600
2011
2012
2013
2014
Dec-15

2,923
2,532
2,066
2,532
2,282
2,235
2012
2013
2,015
1,499
982
466
-51
2011
2014
Dec-15
73
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.
ThetotalnumberofemployeesatDecember31st,2015was3,107.
February 2016
Disclaimer:
74
INCO ValeIndonesiaTbk.[S]
Main Board
Industry Sub Sector : Metal And Mineral Mining (23)
Individual Index
:
Listed Shares
:
589.796
9,936,338,720
14,358,009,450,400
53 | 14.4T | 0.29% | 77.99%

54 | 6.50T | 0.47% | 80.82%
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) 524-9030
1. Jennifer Anne Maki
2. Akira Nozaki
3. Andrea Marques De Almeida
4. Arief T. Surowidjojo *)
5. Idrus Paturusi *)
6. Irwandy Arif *)
7. Mark James Travers
8. Nobuhiro Matsumoto
9. Robert Morris
10. Stuart Alan Harshaw
BOARD OF DIRECTORS
1. Nicolaas D. Kanter
2. Bernardus Irmanto
3. Febriany Eddy
4. Josimar Souza Pires
AUDIT COMMITTEE
1. Irwandy Arif
2. Dedi Rudaedi
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
: www.vale.com/indonesia
: ratih.amri@valeinco.com
pti_corsec@valeinco.com

1. Vale Canada Limited
2. Sumitomo Metal Mining Co. Ltd.
3. Public (<5%)
5,835,607,960 :
1,996,281,680 :
2,104,449,080 :
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
Cum Date
USD 0.35 17-Sep-90
USD 0.15 20-Mar-91
USD 0.15 19-Sep-91
USD 0.15 19-Mar-92
USD 0.05 15-Apr-93
USD 0,05 25-Apr-94
USD 0,05 28-Oct-94
USD 0,05 24-Apr-95
USD 0,05 03-Nov-95
USD 0,05 26-Apr-96
USD 0.05 04-Nov-96
121.60 25-Apr-97
174.15 10-Nov-97
84.65 29-Apr-03
10.61 13-Nov-03
USD 0,15 23-Apr-04
USD 0.0125 04-Nov-04
USD 0.0975 19-Apr-05
USD 0.025 22-Nov-05
745.88 25-Apr-06
USD 0.025 17-Nov-06
454.50 24-Apr-07
USD 0,9787 20-Nov-07
USD 0.02264 16-Apr-08
USD 0,01107 09-Dec-09
178.44 05-Oct-10
125.06 02-May-11
89.68 02-Nov-11
79.70 14-May-12
24.31 06-Dec-12
24.70 14-May-13
30.14 29-Nov-13
123.81 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
58.73%
20.09%
21.18%
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
75
Closing
Price*
Volume
(Mill. Sh)
4,600
160
4,025
140
3,450
120
2,875
100
2,300
80
1,725
60
1,150
40
575
20
Jan-12
Jan-13
Jan-14
Jan-15
Jan-16

Mining Index
45%
30%
18.1%
15%
-15%
-30%
-45%
-57.5%
-60%
-69.9%
-75%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
2,413
6,786
206
246
2,310
5,664
186
244
3,720
12,783
550
242
2,823
6,858
562
244
135
197
25
20
Price (Rupiah)
High
Low
Close
Close*
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
1,190
1,635
1,635
1,635
1,370
1,445
1,445
55.52
20.76
1.25
16.97
3.23
1.60
16.03
5.06
0.60
14.17
5.67
0.53
38.48
PER (X)
8.49
PER Industry (X)
1.40
PBV (X)
76
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Vale Indonesia Tbk. [S]
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
4,050
4,050
3,625
3,375
3,125
2,675
2,900
2,475
3,100
2,950
2,750
2,475
Low
3,150
3,425
3,300
3,025
2,250
2,200
2,400
2,250
2,250
2,500
2,025
2,100
Close
4,000
3,625
3,375
3,100
2,500
2,675
2,425
2,300
2,950
2,700
2,075
2,350
(X)
16,222
21,630
16,820
17,770
21,967
21,761
13,954
10,714
18,317
12,939
19,826
14,110
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
3,695
3,675
3,565
3,275
3,545
3,280
2,745
2,135
2,220
2,700
2,280
1,695
3,285
3,350
3,230
2,605
2,740
2,675
1,960
1,190
1,265
2,135
1,645
1,340
3,450
3,525
3,235
2,795
3,120
2,710
1,960
1,545
2,185
2,235
1,645
1,635
49,254
42,735
41,098
35,215
48,244
37,285
25,380
46,269
73,280
86,392
43,182
34,124
157,356
153,140
178,101
225,188
260,581
208,810
92,103
320,687
497,430
331,743
200,892
196,891
555,099
534,741
602,947
677,054
857,171
597,379
224,276
516,928
811,348
783,392
378,750
319,271
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
1,635
1,370
1,445
25,378
134,782
196,679
20

136,649
488,753
244,576
896,760
176,733
606,434
235,208
752,854
224,183
596,323
238,700
579,306
127,868
345,078
94,081
223,583
251,490
686,458
360,581
134,995
282,528
645,022
605,288
265,884
21
21
21
20
21
21
22
19
20
22
20
18
Book End : December

Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
3,619,538
1,665,551
2,454,245
3,758,856
2,854,509
Receivables
1,776,340
2,098,980
808,618
1,152,892
1,146,177
Inventories
1,480,541
1,478,050
1,852,721
1,732,173
1,525,295
Current Assets
7,077,773
5,462,486
6,840,464
7,728,153
8,793,628
BALANCE SHEET
Fixed Assets
Other Assets
Total Assets
Assets
14,321,555 15,709,602 20,267,120 20,003,592 23,499,597

142,431
164,602
197,135
191,728
21,956,911 22,560,884 27,989,330 29,027,987 33,552,233
Growth (%)
20,250
13,500
24.06%
3.71%
15.59%
6,750
-
1,621,522
1,601,981
2,072,403
2,591,538
2,176,550
4,292,565
4,312,636
4,882,883
4,233,799
4,495,375
Total Liabilities
5,914,086
5,914,617
6,955,286
6,825,337
6,671,925
0.01%
17.59%
-1.87%
-2.25%
Growth (%)
27,000
2.75%
Current Liabilities
Liabilities
33,750
2011
2012
2013
2014
2015

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 20,809,774
Total Equity
16,042,824 16,646,267 21,034,044 22,202,650 26,880,308
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
11,267,489
Growth (%)
3.76%
26.36%
5.56%
21.07%
Dec-12
Dec-13
Dec-14
Dec-15
-16.98%
20.89%
14.16%
-10.34%
6,594,195
7,742,015
9,591,999
9,095,939
9,840,549
Gross Profit
4,673,294
1,612,037
1,716,499
3,813,649
1,734,744
522,779
578,237
855,918
711,551
565,833
4,150,514
1,033,800
860,581
3,102,098
1,168,910
-75.09%
-16.76%
260.47%
-62.32%
-48,858
-149,740
-180,099
-155,624
-145,441
Income before Tax
4,101,656
884,060
680,482
2,946,474
1,023,469
Tax
1,075,093
231,393
206,222
804,112
283,276
3,026,563
652,667
474,260
2,142,362
740,193
-78.44%
-27.34%
351.73%
-65.45%
Operating Profit
Growth (%)
21,034
16,043
16,646
2011
2012
15,913
10,430
4,946
-538
Growth (%)
2013
2014
2015

12,910
12,910
11,575
11,308
11,267
9,354
10,276
22,203
21,397
9,354,052 11,308,498 12,909,588 11,575,292
Cost of Revenues
Expenses (Income)
26,880
26,880
7,642
5,009
2,375
Period Attributable
3,026,563
652,667
474,260
2,142,362
740,193
3,026,563
652,667
526,530
2,128,372
712,389
3,026,563
652,667
526,530
2,128,372
712,389
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
436.49
340.98
330.07
298.21
404.02
Dividend (Rp)
169.38
49.01
30.14
123.81
EPS (Rp)
304.60
65.68
47.73
215.61
74.49
BV (Rp)
1,614.56
1,675.29
2,116.88
2,234.49
2,705.25
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
2.21
ROE (%)
18.87
3.92
2.25
9.65
2.75
GPM (%)
41.48
17.23
15.18
29.54
14.99
OPM (%)
36.84
11.05
7.61
24.03
10.10
NPM (%)
26.86
6.98
4.19
16.60
6.39
Payout Ratio (%)
55.61
74.62
63.15
57.42
5.29
2.09
1.14
3.42
RATIOS
Current Ratio (%)
Yield (%)
-258
2011
2012
2013
2014
2015

3,027
3,027
2,142
2,409
1,792
1,174
653
740
474
557
-61
2011
2012
2013
2014
2015
77
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.
February 2016
Disclaimer:
78
INDF IndofoodSuksesMakmurTbk.[S]
Main Board
Industry Sub Sector : Food And Beverages (51)
Individual Index
:
Listed Shares
:
1,061.295
8,780,426,500
54,438,644,300,000
17 | 54.4T | 1.11% | 59.10%

20 | 16.2T | 1.18% | 54.26%
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
79
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-12
Jan-13
Jan-14
Jan-15
Jan-16

105%
90%
75%
61.6%
60%
45%
30%
28.5%
18.1%
15%
-15%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
3,371
17,526
274
246
3,207
21,844
359
244
2,490
17,300
517
242
2,765
18,114
630
244
246
1,403
54
20
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
4,560
5,175
5,175
6,200
5,175
6,200
6,200
23.14
15.98
1.51
14.67
24.22
1.45
15.31
17.69
1.05
18.34
17.48
1.26
Price (Rupiah)
High
Low
Close
Close*
10.54
PER (X)
19.75
PER Industry (X)
1.50
PBV (X)
80
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Indofood Sukses Makmur Tbk. [S]
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
4,975
5,150
5,200
4,900
4,900
4,875
5,650
5,500
5,650
6,200
5,900
6,200
Low
4,600
4,800
4,750
4,575
4,625
4,400
4,825
5,100
5,300
5,550
5,500
5,450
Close
4,800
5,100
4,850
4,850
4,725
4,850
5,400
5,400
5,650
5,700
5,850
5,850
(X)
25,256
26,576
24,300
27,216
22,748
18,225
31,601
18,695
19,243
18,532
17,512
24,477
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
7,725
7,675
7,550
7,500
7,400
7,250
6,750
6,325
5,575
6,425
6,100
5,300
6,850
7,250
7,300
6,475
6,600
6,425
5,775
4,560
4,845
5,275
4,875
4,840
7,550
7,400
7,450
6,750
7,300
6,575
6,100
5,300
5,500
5,525
4,875
5,175
59,020
38,795
54,233
41,210
59,010
51,699
44,219
66,387
51,705
52,746
59,131
51,839
454,670
183,393
329,852
220,479
287,107
152,355
169,619
264,443
161,241
189,030
178,196
174,809
3,360,218
1,357,302
2,445,636
1,599,979
2,003,105
1,030,242
1,074,125
1,448,909
833,125
1,106,788
965,686
889,022
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
6,200
5,175
6,200
54,060
245,954
1,402,717
20

255,981 1,232,987
299,674 1,482,914
263,089 1,293,314
372,042 1,763,910
270,366 1,297,395
207,237
984,904
412,934 2,195,788
231,332 1,238,115
239,535 1,304,306
354,341 2,056,934
227,499 1,300,727
236,709 1,375,205
21
21
21
20
21
21
22
19
20
22
20
18
Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Assets
13,049,048 13,343,028 13,666,194 14,157,619 13,076,076
Receivables
3,669,305
3,485,461
4,959,416
4,339,670
5,116,610
Inventories
6,536,343
7,782,594
8,160,539
8,454,845
7,627,360
Current Assets
24,501,734 26,202,972 32,464,497 40,995,736 42,816,745
Fixed Assets
12,921,013 15,775,741 23,027,913 22,011,488 25,096,342
Other Assets
Total Assets
1,216,694
10.71%

Total Liabilities
2,748,446
1,702,988
1,529,983
31.64%
10.05%
80,000
60,000
40,000
6.86%
20,000
12,831,304 13,080,544 19,471,309 22,681,686 25,107,538
Growth (%)
Current Liabilities
53,585,933 59,324,207 78,092,789 85,938,885 91,831,526
Liabilities
100,000
9,144,404 12,100,989 20,248,351 22,028,823 23,602,395
2011
2012
2013
2014
Dec-15
21,975,708 25,181,533 39,719,660 44,710,509 48,709,933
14.59%
57.73%
12.57%
8.95%
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 16,827,340
Total Equity
31,610,225 34,142,674 38,373,129 41,228,376 43,121,593
8.01%
Growth (%)
INCOME STATEMENTS
Total Revenues
12.39%
7.44%
31,610
43,122
41,228
34,143
32,818
24,407
4.59%
15,997
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
7,586
45,332,256 50,059,427 57,731,998 63,594,452 64,061,947
10.43%
Growth (%)
15.33%
10.15%
0.74%
Cost of Revenues
32,749,190 36,493,332 43,402,144 46,544,646 46,803,889
Gross Profit
12,583,066 13,566,095 14,329,854 17,049,806 17,258,058
Expenses (Income)
5,732,047
6,695,501
7,611,873
9,841,074
9,895,163
Operating Profit
6,851,019
6,870,594
6,717,981
7,208,732
7,362,895
0.29%
-2.22%
7.31%
2.14%
Growth (%)
-825
2011
-498,630
-560,838
-2,051,023
-979,435
-2,400,811
Income before Tax
6,352,389
6,309,756
4,666,958
6,229,297
4,962,084
Tax
1,460,716
1,530,310
1,252,072
1,828,217
1,730,371
4,891,673
4,779,446
3,416,635
5,146,323
3,709,501
-2.29%
-28.51%
50.63%
-27.92%
Growth (%)
2012
2013
2014
Dec-15

63,594
64,062
2014
Dec-15
57,732
63,594
50,621
38,373
41,228
45,332
50,059
37,648
24,675
11,701
Period Attributable
3,077,180
3,261,176
2,503,841
3,885,375
2,967,951
5,017,425
4,871,745
5,161,247
4,812,618
4,867,347
3,203,898
3,346,600
4,011,240
3,528,115
4,066,347
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Current Ratio (%)
190.95
200.32
166.73
180.74
170.53
Dividend (Rp)
175.00
185.00
142.00
220.00
RATIOS
350.46
371.41
285.16
442.50
338.02
BV (Rp)
3,600.08
3,888.50
4,370.30
4,695.49
4,911.10
DAR (X)
0.41
0.42
0.51
0.52
0.53
DER(X)
0.70
0.74
1.04
1.08
1.13
EPS (Rp)
ROA (%)
9.13
8.06
4.38
5.99
4.04
ROE (%)
15.47
14.00
8.90
12.48
8.60
GPM (%)
27.76
27.10
24.82
26.81
26.94
OPM (%)
15.11
13.72
11.64
11.34
11.49
NPM (%)
10.79
9.55
5.92
8.09
5.79
Payout Ratio (%)
49.93
49.81
49.80
49.72
3.80
3.16
2.15
3.26
Yield (%)
-1,272
2011
2012
2013

5,146
4,892
5,146
4,779
4,096
3,710
3,417
3,047
1,997
947
-103
2011
2012
2013
2014
Dec-15
81
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,
AsofDecember31st,2015,theGrouphadatotalof6,951permanentemployees.
February 2016
Disclaimer:
82
INTP IndocementTunggalPrakarsaTbk.[S]
Main Board
Industry Sub Sector : Cement (31)
Individual Index
:
Listed Shares
:
788.000
3,681,231,699
72,520,264,470,300
11 | 72.5T | 1.48% | 51.74%

15 | 20.1T | 1.47% | 47.54%
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 Robert Fritz
4. Fransiscus Welirang
5. Hasan Imer
6. Kuky Permana Kumalaputra
7. Ramakanta Bhattacharjee
8. Tju Lie Sukanto
9. Troy Dartojo Soputro
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
83
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-12
Jan-13
Jan-14
Jan-15
Jan-16

75%
60%
45%
30%
18.1%
15%
9.1%
-
-1.1%
-15%
-30%
-45%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
841
16,063
217
246
955
20,627
314
244
874
20,506
553
242
991
21,198
559
244
75
1,484
63
20
Price (Rupiah)
High
Low
Close
Close*
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
16,000
22,325
22,325
22,425
18,075
19,700
19,700
14.69
6.83
3.20
18.57
16.60
3.96
18.86
5.33
3.44
16.65
6.00
3.04
17.35
PER (X)
9.79
PER Industry (X)
4.26
PBV (X)
84
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Indocement Tunggal Prakarsa Tbk. [S]
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
19,050
17,900
18,800
18,800
18,900
17,600
22,000
21,500
20,650
22,300
23,250
23,250
Low
16,600
16,300
17,000
17,850
16,800
15,800
17,400
19,200
19,550
19,950
21,150
21,800
Close
16,950
17,450
18,450
18,050
17,800
17,350
21,500
20,250
20,350
21,400
23,250
22,450
(X)
22,398
23,502
18,385
13,941
17,881
16,882
18,249
17,525
18,025
16,613
16,524
16,591
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
25,500
24,325
24,300
23,700
23,425
22,450
22,450
20,200
20,050
21,025
21,400
22,800
21,325
22,650
20,475
20,700
21,100
20,625
19,475
16,175
16,000
16,100
17,900
19,025
23,000
24,050
21,925
21,000
22,400
20,875
20,025
19,625
16,450
18,000
18,700
22,325
59,898
38,270
53,486
39,145
41,944
36,792
32,856
48,556
48,472
71,016
51,050
37,676
112,706
51,124
87,898
67,087
185,783
168,941
39,233
59,733
44,373
86,080
54,994
33,403
2,596,245
1,209,902
1,969,041
1,500,898
4,180,361
3,586,859
831,544
1,122,761
811,929
1,608,882
1,085,736
693,474
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
22,425 18,075 19,700
63,144
74,904
1,483,571
20

87,292 1,556,604
88,498 1,514,992
72,028 1,307,071
70,686 1,294,326
68,984 1,223,049
71,934 1,226,581
87,400 1,660,463
52,402 1,067,337
54,846 1,105,406
71,139 1,504,225
59,652 1,332,810
56,310 1,270,025
21
21
21
20
21
21
22
19
20
22
20
18
Book End : December
Dec-14
Dec-15
6,864,567 10,474,126 12,595,187 11,256,129
8,655,562
Receivables
1,976,769
2,454,818
2,518,588
2,670,993
2,534,690
Inventories
1,327,720
1,470,305
1,473,645
1,665,546
1,521,197
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 13,133,854

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

Total Liabilities
324,750
421,823
398,265
18,151,331 22,755,160 26,607,241 28,884,973 27,638,360
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 13,813,892
Growth (%)
Liabilities
30,000
24,000
18,000
12,000
-4.32%
6,000
3,260,559
2,687,743
839,613
1,084,667
3,629,554
4,100,172
3,772,410
38.02%
8.79%
12.97%
-7.99%
2011
2012
2013
2014
Dec-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
11,166,666 14,848,447 18,202,133 20,159,896 19,540,851
Total Equity
15,733,951 19,418,738 22,977,687 24,784,801 23,865,950
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
23.42%
18.33%
7.86%
-3.71%
Dec-12
Dec-13
Dec-14
Dec-15
24,785
23,866
19,419
19,729
15,734
14,673
9,617
4,560
13,887,892 17,290,337 18,691,286 19,996,264 17,798,055
24.50%
Growth (%)
8.10%
6.98%
-10.99%
Cost of Revenues
7,473,669
9,020,338 10,036,632 10,909,595
9,888,919
Gross Profit
6,414,223
8,269,999
8,654,654
7,909,136
Expenses (Income)
1,996,200
2,393,257
2,590,554
3,111,676
2,852,206
Operating Profit
4,418,023
5,876,742
6,064,100
5,974,993
5,056,930
33.02%
3.19%
-1.47%
-15.37%
Growth (%)
9,086,669
-496
2011
290,133
362,808
531,054
814,609
588,181
Income before Tax
4,708,156
6,239,550
6,595,154
6,789,602
5,645,111
Tax
1,106,640
1,476,162
1,582,860
1,515,593
1,288,450
3,601,516
4,763,388
5,012,294
5,274,009
4,356,661
32.26%
5.23%
5.22%
-17.39%
Growth (%)
2012
2013
2014
Dec-15

19,996
15,917
22,978
24,785
17,290
18,691
19,996
17,798
13,888
11,838
7,759
3,679
Period Attributable
3,596,918
4,760,382
5,010,240
5,270,872
4,356,661
3,601,516
4,763,388
5,217,953
5,153,776
4,258,600
3,596,918
4,760,382
5,215,899
5,150,639
4,258,600
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Current Ratio (%)
698.54
602.76
614.81
493.37
488.66
Dividend (Rp)
293.00
450.00
900.00
1,350.00
RATIOS
977.10
1,293.15
1,361.02
1,431.82
1,183.48
BV (Rp)
4,274.10
5,275.07
6,241.85
6,732.75
6,483.14
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
15.76
ROE (%)
22.89
24.53
21.81
21.28
18.25
GPM (%)
46.19
47.83
46.30
45.44
44.44
OPM (%)
31.81
33.99
32.44
29.88
28.41
NPM (%)
25.93
27.55
26.82
26.37
24.48
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
Dec-15

4,763
5,274
4,198
5,012
5,274
4,357
3,602
3,122
2,046
970
-105
2011
2012
2013
2014
Dec-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.
February 2016
Disclaimer:
86
JSMR JasaMarga(Persero)Tbk.[S]
Main Board
Industry Sector : Infrastructure, Utilities And Transportation (7)
Industry Sub Sector : Toll Road, Airport, Harbor And Allied Products (72)
Individual Index
:
Listed Shares
:
338.235
6,800,000,000
39,100,000,000,000
22 | 39.1T | 0.80% | 63.69%

37 | 10.5T | 0.77% | 70.52%
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
2015
Shares
Dividend
14.31
52.00
87.91
105.69
78.88
94.24
78.61
43.13
Cum Date
21-May-08
18-Jun-09
28-Jun-10
06-Jul-11
04-Jun-12
29-May-13
04-Apr-14
06-Apr-16
Ex Date
22-May-08
19-Jun-09
29-Jun-10
07-Jul-11
05-Jun-12
30-May-13
07-Apr-14
07-Apr-16
Recording
Date
26-May-08
23-Jun-09
01-Jul-10
11-Jul-11
07-Jun-12
03-Jun-13
10-Apr-14
11-Apr-16
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
29-Apr-16
F
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-12
Jan-13
Jan-14
Jan-15
Jan-16

Infrastructure, Utilities and Transportation Index
70%
60%
50%
42.3%
40%
31.4%
30%
20%
18.1%
10%
-10%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
2,519
13,121
167
246
2,300
13,229
220
244
1,929
11,543
342
242
1,720
10,211
443
244
210
1,186
39
20
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
4,500
5,225
5,225
6,075
4,995
5,750
5,750
24.04
12.11
2.96
34.16
20.04
4.20
24.51
15.24
2.87
26.98
14.31
3.16
Price (Rupiah)
High
Low
Close
Close*
24.12
PER (X)
17.53
PER Industry (X)
3.79
PBV (X)
88
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Jasa Marga (Persero) Tbk. [S]
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
4,575
4,775
5,150
5,700
5,550
5,450
5,950
6,000
5,850
5,950
5,850
5,850
Low
4,125
4,325
4,625
4,875
4,925
4,975
5,300
5,550
5,650
5,650
5,650
5,450
Close
4,375
4,700
5,150
5,350
5,150
5,400
5,700
5,750
5,850
5,800
5,700
5,450
(X)
12,368
12,003
14,902
19,314
23,617
14,761
14,029
12,949
10,923
12,435
9,709
9,539
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
7,250
7,225
7,200
7,200
6,600
7,000
6,075
5,750
5,400
5,625
5,200
5,250
6,925
6,900
6,975
5,950
6,000
5,275
5,400
4,810
4,680
4,750
4,500
4,575
7,200
7,100
7,200
6,200
6,475
5,475
5,725
5,150
4,825
4,840
4,500
5,225
27,993
29,950
30,454
35,427
31,326
45,083
31,791
34,465
34,158
51,457
42,147
48,841
127,295
129,358
144,110
198,482
126,120
161,045
124,582
98,686
119,965
194,115
166,593
129,847
896,176
914,804
1,022,917
1,328,552
799,480
943,906
722,452
519,567
617,427
1,001,768
812,075
631,845
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
6,075
4,995
5,750
38,605
209,808
1,185,959
20

230,785
993,508
265,300 1,209,137
168,517
813,781
230,817 1,196,346
448,775 2,326,901
232,464 1,199,371
167,905
944,446
157,924
899,890
131,027
753,148
999,567
173,137
152,420
876,690
908,441
159,861
21
21
21
20
21
21
22
19
20
22
20
18
Book End : December
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
3,764,009
4,302,382
3,514,061
3,290,784
3,323,221
Receivables
87,994
64,092
177,198
148,829
164,374
Inventories
20,154
3,996,741
4,531,117
3,746,345
3,641,372
3,729,047
15,945,902
422,507
593,028
701,727
913,843
440,239
289,155
130,965
121,561
1,007,135
BALANCE SHEET
Current Assets
Fixed Assets
Other Assets
Total Assets
Assets
21,432,134 24,753,551 28,366,345 31,857,948 36,724,982
Growth (%)
22,500
15,000
14.60%
12.31%
15.28%
7,500
4,919,884
4,312,917
7,743,787
3,768,596
6,648,164
8,423,258
8,317,601 12,579,482 16,120,036 16,612,531
Total Liabilities
30,000
15.50%
Current Liabilities
Liabilities
37,500
2011
2012
2013
2014
2015
12,191,853 14,965,766 17,499,365 20,432,952 24,356,318
Growth (%)
22.75%
16.93%
16.76%
19.20%
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
4,895,330
Total Equity
9,240,280
9,787,786 10,866,980 11,424,996 12,368,664

Par Value
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
4,960,473
Growth (%)
5.93%
11.03%
Dec-12
Dec-13
Dec-14
Dec-15
9,070,219 10,294,668
9,175,319
9,848,242
-10.87%
7.33%
82.85%
13.50%
5.13%
8.26%
Cost of Revenues
5,720,422
Gross Profit
4,127,820
Expenses (Income)
2,679,084
6,094,983
7,631,490
6,131,283
650,155
Operating Profit
2,281,388
2,975,236
2,663,177
3,044,036
3,477,665
30.41%
-10.49%
14.30%
14.25%
-554,914
-919,979
-948,522
-1,222,062
-1,409,361
1,726,475
2,055,257
1,714,655
1,821,974
2,068,304
407,651
519,445
476,835
606,642
749,104
1,318,824
1,535,812
1,237,821
1,215,332
1,319,201
16.45%
-19.40%
-1.82%
8.55%
Growth (%)
10,867
12,369
9,845
9,240
11,425
12,369
9,788
7,322
4,799
2,276
-247
2011
2012
2013
2014
2015

10,295
9,175
9,070
10,295
9,848
8,195

Income before Tax
Tax
Growth (%)
6,094
4,960
3,994
1,894
Period Attributable
1,339,462
1,602,090
1,336,317
1,403,428
1,449,327
1,321,582
1,536,346
1,236,627
1,215,847
1,302,378
1,342,220
1,602,624
1,335,123
1,403,944
1,466,382
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
106.05
68.16
76.15
84.43
48.16
78.88
94.24
78.61
43.13
196.98
235.60
196.52
206.39
213.14
BV (Rp)
1,358.86
1,439.38
1,598.09
1,680.15
1,818.92
DAR (X)
0.57
0.60
0.62
0.64
0.66
DER(X)
1.32
1.53
1.61
1.79
1.97
RATIOS
Current Ratio (%)
Dividend (Rp)
EPS (Rp)
ROA (%)
6.15
6.20
4.36
3.81
3.59
ROE (%)
14.27
15.69
11.39
10.64
10.67
GPM (%)
41.91
OPM (%)
45.99
32.80
25.87
33.18
35.31
NPM (%)
26.59
16.93
12.02
13.25
13.40
Payout Ratio (%)
40.04
40.00
40.00
20.24
1.88
1.73
1.66
0.83
Yield (%)
-206
2011
2012
2013
2014
2015

1,536
1,319
1,238
1,215
2013
2014
1,319
1,223
909
596
283
-31
2011
2012
2015
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.
As of December 31st, 2015, the Group had a combined total of 12,611 permanent
employees.
February 2016
Disclaimer:
90
KLBF KalbeFarmaTbk.[S]
Main Board
Industry Sub Sector : Pharmaceuticals (53)
Individual Index
:
Listed Shares
:
13,020.579
46,875,122,110
62,578,288,016,850
14 | 62.6T | 1.28% | 55.68%

17 | 19.8T | 1.44% | 50.43%
COMPANY HISTORY
Established Date
: 10-Sep-1966
Listing Date
: 30-Jul-1991
Under Writer IPO :
PT Merincorp
PT Niaga Securities
Phone : (021) 2974-5222

Fax
:
1. Johannes Setijono
2. Farid Anfasa Moeloek *)
3. Ferdinand Aryanto
4. Johanes Berchman Apik Ibrahim *)
5. Lucky Surjadi Slamet *)
6. Ronny Hadiana
7. 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
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

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
4,038,773,740
20,310,509,825
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
:
:
:
:
:
:
:
10.17%
9.71%
9.49%
9.47%
9.21%
8.62%
43.33%
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
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-12
Jan-13
Jan-14
Jan-15
Jan-16

210%
180%
150%
120%
90%
93.5%
60%
61.6%
30%
18.1%
-30%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
6,640
14,832
431
246
19,997
25,755
823
244
13,944
22,039
1,088
242
12,168
19,698
1,080
244
1,293
1,780
89
20
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
1,135
1,320
1,320
1,505
1,275
1,335
1,335
30.53
15.98
6.89
43.27
24.22
9.30
30.87
17.69
5.66
31.22
17.48
5.72
Price (Rupiah)
High
Low
Close
Close*
30.38
PER (X)
19.75
PER Industry (X)
7.30
PBV (X)
92
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Kalbe Farma Tbk. [S]
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
3,650
3,600
3,550
4,050
4,025
4,000
3,900
4,000
4,700
4,975
1,040
1,150
Low
3,375
3,400
3,375
3,400
3,750
3,700
3,675
3,750
3,900
910
960
980
Close
3,525
3,500
3,550
4,025
3,875
3,775
3,825
3,875
4,700
970
1,030
1,060
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
1,880
1,870
1,865
1,915
1,870
1,825
1,745
1,735
1,700
1,610
1,455
1,390
1,775
1,780
1,775
1,750
1,730
1,590
1,630
1,405
1,250
1,345
1,305
1,135
1,865
67,451
1,805
72,888
1,865
76,831
1,795
72,828
1,840
92,844
1,675
90,201
1,745
92,629
1,675 110,480
1,375
86,684
1,430 125,064
1,335
94,453
1,320
97,512
931,699
924,635
1,156,024
906,565
1,178,383
712,306
560,733
1,084,676
887,975
1,275,026
1,193,529
1,356,241
1,699,637
1,684,580
2,102,717
1,672,698
2,127,734
1,205,743
938,956
1,706,243
1,334,895
1,870,332
1,635,558
1,718,826
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
1,505
1,275
1,335
1,293,400
1,780,459
20
(X)
15,399
18,914
18,538
31,628
39,920
30,929
32,278
33,041
33,617
54,533
68,691
53,129
88,640

122,271
428,028
172,533
602,764
283,565
982,054
485,446 1,795,766
454,029 1,783,899
384,956 1,485,524
394,523 1,497,405
255,670
999,731
272,454 1,158,254
779,898
998,575
1,528,172 1,514,316
1,506,913 1,585,510
21
21
21
20
21
21
22
19
20
22
20
18
Book End : December
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
2,291,336
1,859,663
1,426,461
1,894,610
2,718,619
Receivables
1,635,311
1,938,156
2,273,379
2,464,902
2,434,082
Inventories
1,705,189
2,115,484
3,053,495
3,090,544
3,003,150
Current Assets
5,956,123
6,441,711
7,497,319
8,120,805
8,748,492
Fixed Assets
1,860,288
2,254,763
2,925,547
3,404,457
3,938,494
357,861
326,536
346,531
BALANCE SHEET
Other Assets
Total Assets
Assets
286,899
8,274,554

Total Liabilities
11,200
8,400
5,600
13.82%
20.14%
9.81%
10.23%
2,800
1,630,589
1,891,618
2,640,590
2,385,920
2,365,880
128,031
154,696
174,513
221,637
392,251
1,758,619
2,046,314
2,815,103
2,607,557
2,758,131
16.36%
37.57%
-7.37%
5.77%
Growth (%)
Current Liabilities
9,417,957 11,315,061 12,425,032 13,696,417
Growth (%)
Liabilities
14,000
2011
2012
2013
2014
Dec-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

Par Value
10,156
60,936
50,780
46,875
46,875
50
50&10
10
10
10
Retained Earnings
6,407,439
7,250,739
7,633,188
8,900,998 10,006,398
Total Equity
6,515,935
7,371,644
8,499,958
9,817,476 10,938,286
13.13%
15.31%
Growth (%)
INCOME STATEMENTS
Total Revenues
15.50%
8,500
8,349
6,516
7,372
6,209
11.42%
4,070
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
1,930
10,911,860 13,636,405 16,002,131 17,368,533 17,887,464
Growth (%)
24.97%
17.35%
8.54%
2.99%
9,295,887
Cost of Revenues
5,360,687
7,102,971
8,323,018
8,892,737
Gross Profit
5,551,173
6,533,434
7,679,113
8,475,795
8,591,577
Expenses (Income)
3,563,914
4,225,417
5,106,591
5,712,095
5,870,696
Operating Profit
10,938
9,817
10,489
Growth (%)
-210
2011
2012
2013
2014
Dec-15

16,002
17,369
17,369
17,887
2014
Dec-15
13,636

Income before Tax
Tax
1,987,259
2,308,017
2,572,523
2,763,701
2,720,881
464,303
532,918
602,070
642,610
663,187
1,522,957
1,775,099
1,970,452
2,121,091
2,057,694
16.56%
11.01%
7.64%
-2.99%
Growth (%)
13,825
10,912
10,282
6,739
3,196
Period Attributable
1,482,237
1,733,928
1,919,508
2,064,687
2,004,237
1,539,721
1,772,035
2,004,244
2,129,215
2,083,403
1,498,877
1,730,864
1,952,589
2,072,781
2,029,813
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
365.27
340.54
283.93
340.36
369.78
95.00
19.00
17.00
19.00
RATIOS
Current Ratio (%)
Dividend (Rp)
EPS (Rp)
145.95
28.45
37.80
44.05
42.76
BV (Rp)
641.58
120.97
167.39
209.44
233.35
DAR (X)
0.21
0.22
0.25
0.21
0.20
DER(X)
0.27
0.28
0.33
0.27
0.25
ROA (%)
18.41
18.85
17.41
17.07
15.02
ROE (%)
23.37
24.08
23.18
21.61
18.81
GPM (%)
50.87
47.91
47.99
48.80
48.03
OPM (%)
NPM (%)
13.96
13.02
12.31
12.21
11.50
Payout Ratio (%)
65.09
66.77
44.97
43.14
2.79
1.79
1.36
1.04
Yield (%)
-347
2011
2012
2013

1,970
2,121
2,121
2,058
2014
Dec-15
1,775
1,688
1,523
1,256
823
390
-42
2011
2012
2013
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.
Asof31December2015,theCompanyandsubsidiarieshad11,200employees.
February 2016
Disclaimer:
94
LPKR Lippo Karawaci Tbk. [S]

Main Board
Individual Index
:
Listed Shares
:
270.123
23,077,689,619
24,346,962,548,045
34 | 24.3T | 0.50% | 71.02%

13 | 20.9T | 1.53% | 44.56%
COMPANY HISTORY
Established Date
: 15-Oct-1990
Listing Date
: 28-Jun-1996
Under Writer IPO :
PT Sharestar Indonesia
Berita Satu Plasa 7th Fl.
Jln. Jend. Gatot Subroto Kav. 35-36, Jakarta 12950
Phone : (021) 527-7966
Fax
: (021) 527-7967
1. Theo Leo Sambuaga
2. Agum Gumelar *)
3. Farid Harianto *)
4. Muladi *)
5. Surjadi Soedirdja *)
6. Sutiyoso *)
7. Tanri Abeng

1. Pacific Asia Holding Ltd.
2. Credit Suisse Agsg Traccl PT Metropolis Propertindo Utama-202390421
3. Bank Julius Baerand Co. Ltd. S/A Pacific Asia Holdings Limited
4. Public (<5%)
Bonus
Cash
Year
1995
1997
2005
2005
2006
2010
2010
2011
2012
2013
2015
Shares
Dividend
40.00
10.00
10.00
9.99
4.62
2.88
4.33
7.79
11.85
14.05
3.50
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
01-Apr-16
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
06-Apr-16
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
04-Apr-16
:
:
:
:
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
27-Apr-16
F/I
F
F
F
F
I
F
F
F
F
F
ISSUED HISTORY
BOARD OF DIRECTORS
1. Ketut Budi Wijaya
2. Alwi R. Sjaaf
3. Jenny Kuistono
4. Johanes Jany
5. Chan Cehee Meng
6. Rahmawaty
7. Lee Heok Seng
8. Richard H. Setiadi WP
9. Tjokro Libianto
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. Achmad 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
: www.lippokarawaci.co.id
: corsec@lippokarawaci.co.id
95

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
Jan-12
Jan-13
Jan-14
Jan-15
Jan-16

210%
180%
150%
120%
103.1%
90%
62.3%
60%
30%
19.6%
-30%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
12,933
10,947
153
246
26,782
33,257
548
244
23,222
24,164
527
242
18,995
22,149
664
244
1,412
1,466
93
20
1,120
650
1,000
1,000
1,850
850
910
910
1,295
855
1,020
1,020
1,460
910
1,035
1,035
1,080
990
1,055
1,055
17.10
9.57
1.48
16.76
16.29
1.44
44.61
18.66
1.26
45.47
17.68
1.29
Price (Rupiah)
High
Low
Close
Close*
9.30
PER (X)
17.34
PER Industry (X)
2.01
PBV (X)
96
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Lippo Karawaci Tbk. [S]
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
690
730
830
850
830
810
910
1,010
990
990
1,090
1,120
Low
650
660
680
790
740
720
790
830
870
900
910
970
Close
670
700
800
830
790
800
890
870
990
930
1,070
1,000
(X)
7,523
10,764
16,038
12,981
7,519
8,994
11,596
14,052
10,666
11,956
22,082
18,552
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
1,155
1,180
1,355
1,460
1,375
1,310
1,225
1,170
1,195
1,320
1,350
1,380
980
1,090
1,070
1,150
1,185
1,085
1,105
910
995
1,120
1,110
1,005
1,135
1,180
1,350
1,185
1,300
1,180
1,155
1,070
1,130
1,190
1,285
1,035
59,914
46,815
49,443
35,527
36,156
62,466
50,953
52,105
49,567
65,756
83,527
72,222
2,548,120
1,659,815
2,003,589
1,133,692
955,769
1,226,392
1,569,210
1,139,478
1,787,071
2,280,706
1,626,938
1,064,529
2,690,503
1,874,205
2,359,437
1,522,562
1,242,448
1,425,250
1,826,821
1,198,968
1,991,245
2,763,596
2,003,360
1,250,885
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
1,080
990
1,055
93,352
1,411,606
1,466,344
20

673,010
452,467
1,138,080
798,503
1,807,733 1,321,460
926,085
1,125,450
1,009,310
813,505
864,314
662,445
1,077,348
903,591
1,025,678
946,477
710,159
659,702
750,374
715,666
1,517,269 1,484,768
1,234,505 1,262,027
21
21
21
20
21
21
22
19
20
22
20
18

Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
2,174,561
3,337,357
1,855,052
3,529,169
1,839,366
923,556
605,801
781,409
951,104
1,434,348

Receivables
Assets
Inventories
7,892,171 10,504,910 13,894,009 16,553,036 20,458,990
Investment
2,963,651
85,784
130,431
123,284
385,271
210,276
2,222,377
2,810,892
3,208,763
2,731,533
419,508
60,968
718,887
43,067
Fixed Assets
Other Assets
Total Assets
18,259,171 24,869,296 31,300,362 37,761,221 41,326,558
36.20%
Growth (%)
Bank Payable
Trade Payable
Total Liabilities
34,000
25,500
17,000
25.86%
20.64%
9.44%
8,500
-
70,825
59,680
216,501
1,482,184
416,871
575,701
397,748
395,134
782,916
Liabilities
42,500
2011
2012
2013
2014
2015
8,850,153 13,399,189 17,122,789 20,114,772 22,409,794
Growth (%)
51.40%
27.79%
17.47%
11.41%
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
7,101,438
Total Equity
9,409,018 11,470,106 14,177,573 17,646,449 18,916,765

Par Value
21.91%
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
Dec-12
4,189,580
6,160,214
Growth (%)
23.60%
24.47%
7.20%
Dec-13
Dec-14
Dec-15
6,666,214 11,655,042
8,703,650
47.04%
8.21%
74.84%
-25.32%
Cost of Revenues
2,293,260
3,339,267
3,619,572
6,257,664
4,791,656
Gross Profit
1,896,320
2,820,947
3,046,643
5,397,378
3,911,994
Operating Expenses
968,324
1,271,753
1,103,623
1,588,588
2,421,661
Operating Profit
927,996
1,549,193
1,943,020
3,808,790
1,490,333
66.94%
25.42%
96.02%
-60.87%
56,814
27,895
-18,190
-113,812
-205,503
984,810
1,577,088
1,924,830
3,694,979
1,284,830
Growth (%)
17,646
18,917
14,178
15,058
11,470
11,199
9,409
7,340
3,481
-378
2011
2012
2013
2014
Income before Tax

Tax
170,716
254,241
332,339
559,763
260,709
814,094
1,322,847
1,592,491
3,135,216
1,024,121
62.49%
20.38%
96.87%
-67.33%
Growth (%)
2015

11,655
11,655
8,704
9,277
18,917
6,160
6,900
6,666
4,190
4,522
2,145
Period Attributable
708,282
1,060,222
1,228,230
2,547,285
535,394
579,917
2,482,548
1,676,148
2,996,884
616,914
474,105
2,219,923
1,311,887
2,408,953
148,483
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
7.79
11.85
14.05
3.50
EPS (Rp)
30.69
45.94
53.22
110.38
23.20
BV (Rp)
407.71
497.02
614.34
764.65
819.70
DAR (X)
0.48
0.54
0.55
0.53
0.54
DER(X)
0.94
1.17
1.21
1.14
1.18
ROA (%)
4.46
5.32
5.09
8.30
2.48
ROE (%)
8.65
11.53
11.23
17.77
5.41
GPM (%)
45.26
45.79
45.70
46.31
44.95
OPM (%)
22.15
25.15
29.15
32.68
17.12
NPM (%)
19.43
21.47
23.89
26.90
11.77
Payout Ratio (%)
25.38
25.79
26.40
15.09
1.18
1.19
1.54
0.34
Dividend (Rp)
Yield (%)
-233
2011
2012
2013
2014
2015

3,135
3,135
2,496
1,856
1,323
1,216
1,592
1,024
814
577
-63
2011
2012
2013
2014
2015
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 2015, the Company operates
142stores.
Parent company is PT Indonesia Meadow and PT Indonesia Meadow parent company is

MeadowAsiaHoldingLtd.,acompanydomiciledinCaymanIslands.
February 2015
Disclaimer:
98
LPPF MatahariDepartmentStoreTbk.[S]
Development Board
Industry Sub Sector : Retail Trade (93)
Individual Index
:
Listed Shares
:
362.529
2,917,918,080
46,686,689,280,000
19 | 46.7T | 0.95% | 61.15%

12 | 24.0T | 1.75% | 43.03%
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. Jonathan Limbong Parapak *)
4. Rene Mang Wing Ming
5. Sigit Prasetya
6. William Travis Saucer
BOARD OF DIRECTORS
1. Bunjamin Jonathan Mailool
2. Andre Rumantir
3. Andy N. Purwohardono
4. Larry Michael Remsen
5. Wai Hoong Fock
6. Joo Suk Kim

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. Farid Harianto
CORPORATE SECRETARY
Miranti Hadisusilo
HEAD OFFICE
Menara Matahari 15th Fl.
Jln. Bulevar Palem Raya No. 7, Lippo Karawaci - 1200
Tangerang 15811
Phone : (021) 547-5333
Fax
: (021) 547-5232
Homepage
Email
F/I
: www.matahari.co.id
: miranti.hadisusilo@matahari.co.id
corporate.communication.mds@matahari.co.id
99
Closing
Price*
Volume
(Mill. Sh)
20,000
1,600
17,500
1,400
15,000
1,200
12,500
1,000
10,000
800
7,500
600
5,000
400
2,500
200
Jan-12
Jan-13
Jan-14
Jan-15
Jan-16

770%
660%
595.7%
550%
440%
330%
220%
110%
33.4%
18.1%
-110%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
0.06
0.1
0.02
14
3,340
30,221
193
191
1,724
24,572
568
242
1,775
28,863
806
244
115
1,907
70
20
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
17,600
17,600
17,750
15,625
16,000
16,000
10.22
27.91
PER (X)
19.08
15.42
PER Industry (X)
-4.08
-41.08
PBV (X)
30.96
22.13
-241.68
28.84
12.43
46.43
26.22
12.79
42.21
Price (Rupiah)
High
Low
Close
Close*
100
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Matahari Department Store Tbk. [S]
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
2,300
2,300
2,500
2,500
2,600
2,700
-
Low
2,300
2,300
2,500
2,500
2,500
2,700
-
Close
2,300
2,300
2,300
2,300
2,500
2,500
2,500
2,600
2,700
2,700
2,700
2,700
(X)
5
4
2
3
3
1
-

21
47
11
24
2
5
17
43
18
7
1
3
-
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
20
8
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
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
16,200
18,100
20,000
20,225
18,450
18,000
18,125
18,800
17,475
18,025
16,875
17,900
14,125
14,800
17,300
16,100
16,200
15,800
15,800
14,300
15,150
15,600
14,500
15,800
15,525
17,850
19,700
17,500
17,450
16,550
17,500
17,525
16,100
16,575
15,650
17,600
58,908
59,414
72,275
67,293
70,303
62,890
63,226
71,109
63,237
87,571
70,212
59,417
446,605
263,261
119,919
120,762
118,558
103,593
98,391
113,964
92,007
129,214
99,786
69,198
6,762,194
3,981,884
2,180,042
2,193,928
2,058,595
1,750,968
1,691,697
1,914,180
1,467,454
2,124,978
1,568,901
1,168,321
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
17,750 15,625 16,000
69,519
115,327
1,906,616
20
2
4
2
3
2
1
2
5
22
22
19
23
17
21
21
20
19
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
918,974
999,872
772,217
785,895
946,658
Assets
Receivables
66,273
73,574
62,932
109,381
76,026
Inventories
462,013
519,601
723,809
955,231
1,007,811
1,567,335
1,744,220
1,703,067
2,117,507
2,272,941
622,891
694,005
727,186
725,954
876,566
Current Assets
Fixed Assets
Other Assets
Total Assets
Book End : December
5,000
3,750
15,796
21,908
28,268
24,577
153,172
2,422,472
2,929,752
2,936,882
3,408,372
3,889,291
20.94%
0.24%
16.05%
14.11%
1,250
-
Growth (%)
Current Liabilities
1,708,305
2,170,205
1,890,181
2,518,521
2,439,014
3,416,580
2,691,079
1,828,073
712,261
344,110
Total Liabilities
5,124,885
4,861,284
3,718,254
3,230,782
2,783,124
-5.14%
-23.51%
-13.11%
-13.86%
Growth (%)
Liabilities
6,250
2,500
2011
2012
2013
2014
2015

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
4,290,564
-2,702,413
-1,931,532
-781,372
177,590
1,106,167
28.53%
59.55%
N/A
522.88%
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
4,700,712
5,616,932
6,754,326
7,925,547
9,006,893
19.49%
20.25%
17.34%
13.64%
Growth (%)
Cost of Revenues
1,595,216
1,910,789
2,391,274
2,877,507
3,335,638
Gross Profit
3,105,496
3,706,143
4,363,052
5,048,040
5,671,255
Expenses (Income)
1,864,195
2,121,792
2,548,184
2,964,128
3,333,607
Operating Profit
1,241,301
1,584,351
1,814,868
2,083,912
2,337,648
27.64%
14.55%
14.82%
12.18%
-505,707
-425,356
-291,246
-233,368
-92,827
Income before Tax
735,594
1,158,995
1,523,622
1,850,544
2,244,821
Tax
269,946
388,114
373,462
431,426
463,973
465,648
770,881
1,150,160
1,419,118
1,780,848
65.55%
49.20%
23.38%
25.49%
Growth (%)
1,106
1,106
344
2011
2012
Growth (%)
178
2014
-417
2015
-781
-1,179
-1,941
-1,932
-2,702
-2,702

9,007
7,926
9,007
6,754
7,169
2013
5,617
5,332
4,701
3,495
1,657
Period Attributable
465,648
770,881
1,150,160
1,419,118
1,780,848
465,648
770,881
1,150,160
1,419,118
1,798,352
465,648
770,881
1,150,160
1,419,118
1,798,352
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
91.75
80.37
90.10
84.08
93.19
157.70
Current Ratio (%)

Dividend (Rp)
EPS (Rp)
159.58
264.19
394.17
486.35
610.31
BV (Rp)
-926.14
-661.96
-267.78
60.86
379.09
DAR (X)
2.12
1.66
1.27
0.95
0.72
DER(X)
-1.90
-2.52
-4.76
18.19
2.52
ROA (%)
19.22
26.31
39.16
41.64
45.79
ROE (%)
-17.23
-39.91
-147.20
799.10
160.99
GPM (%)
66.06
65.98
64.60
63.69
62.97
OPM (%)
26.41
28.21
26.87
26.29
25.95
NPM (%)
9.91
13.72
17.03
17.91
19.77
Payout Ratio (%)
40.01
Yield (%)
1.43
-180
2011
2012
2013
2014
2015

1,781
1,419
1,418
1,150
1,054
771
691
466
328
-36
2011
2012
2013
2014
2015
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.AsofDecember31st,
2015,theGrouphasatotalof15,336permanentemployees.
ThesubsidiariescontrolledbytheCompanyeitherdirectlyorindirectlyareasfollows:
PTMultiAgroKencanaPrima,
LonsumSingaporePte.Ltd.,
PTTaniMusiPersada,
PTSumatraAgriSejahtera,
PTTaniAndalasSejahtera,
AgriInvestmentsPte.,Ltd.,
PTWushanHijauLestari,and
SumateraBiosciencePte.Ltd.Singapore.
February 2016
Disclaimer:
102
LSIP
PP London Sumatra Indonesia Tbk. [S]
Main Board
Individual Index
:
Listed Shares
:
367.742
6,822,863,965
9,722,581,150,125
74 | 9.72T | 0.20% | 82.93%

44 | 8.56T | 0.62% | 75.42%
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.
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-12
Jan-13
Jan-14
Jan-15
Jan-16

Agriculture Index
125%
100%
79.2%
75%
50%
25%
-
-3.5%
-16.2%
-25%
-50%
-75%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
3,744
9,452
180
246
6,246
10,205
338
244
7,566
15,288
657
242
5,701
8,970
529
244
332
435
31
20
Price (Rupiah)
High
Low
Close
Close*
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
910
1,320
1,320
1,480
1,210
1,425
1,425
17.11
15.46
1.99
13.84
19.34
1.84
14.38
1.32
1.26
15.52
0.57
1.36
13.98
PER (X)
33.17
PER Industry (X)
2.50
PBV (X)
104
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
LSIP
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
2,500
2,825
3,000
3,150
2,925
2,775
3,050
2,925
2,600
2,450
2,450
2,325
Low
2,175
2,425
2,600
2,775
2,275
2,375
2,625
2,400
2,325
2,250
1,840
1,830
Close
2,425
2,650
2,875
2,925
2,400
2,675
2,750
2,400
2,450
2,325
1,870
2,300
(X)
11,452
14,768
16,140
13,819
17,778
14,991
13,935
15,952
16,586
14,768
13,104
16,652
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
2,070
1,960
1,945
1,745
1,790
1,780
1,685
1,425
1,450
1,585
1,560
1,415
1,805
1,775
1,640
1,370
1,380
1,515
1,315
910
1,015
1,310
1,200
1,220
1,840
1,880
1,730
1,425
1,665
1,555
1,355
1,080
1,385
1,550
1,200
1,320
45,212
49,958
47,115
50,810
62,094
34,739
30,607
36,766
41,532
51,469
45,437
32,836
435,491
515,066
523,934
534,502
775,206
346,699
291,516
333,486
510,467
608,049
475,644
350,465
844,838
963,712
963,618
841,066
1,263,882
577,961
453,815
390,385
649,682
921,948
634,604
464,155
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
1,480
1,210
1,425
31,138
331,930
434,693
20

198,053
474,007
308,800
813,243
715,984
255,649
275,157
807,841
343,268
870,742
205,735
529,766
313,397
887,075
412,381 1,090,181
456,401 1,129,082
375,878
876,755
264,249
577,970
679,771
334,739
21
21
21
20
21
21
22
19
20
22
20
18
LSIP
Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
2,063,982
1,799,137
1,401,395
1,356,532
737,114
Assets
Receivables
112,071
52,132
116,796
84,586
112,289
Inventories
368,244
645,954
374,485
380,360
398,426
Current Assets
2,567,657
2,593,816
1,999,126
1,863,506
1,268,557
Fixed Assets
1,824,630
2,229,928
2,776,825
3,238,752
3,427,971
Other Assets
Total Assets
8,000
6,000
87,691
61,331
63,000
127,552
239,021
6,791,859
7,551,796
7,974,876
8,655,146
8,848,792
11.19%
5.60%
8.53%
2.24%
2,000
-
Growth (%)
Current Liabilities
531,326
792,482
804,428
748,076
571,162
421,109
479,601
556,461
688,236
939,652
Total Liabilities
952,435
1,272,083
1,360,889
1,436,312
1,510,814
33.56%
6.98%
5.54%
5.19%
Growth (%)
Liabilities
10,000
4,000
2011
2012
2013
2014
2015

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
5,580,787
Total Equity
5,839,424
6,279,713
6,613,987
7,218,834
7,337,978
7.54%
5.32%
9.14%
1.65%
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
4,686,457
4,211,578
4,133,679
4,726,539
4,189,615
-10.13%
-1.85%
14.34%
-11.36%
Growth (%)
Cost of Revenues
2,324,138
2,530,503
2,880,220
3,090,100
3,073,774
Gross Profit
2,362,319
1,681,075
1,253,459
1,636,439
1,115,841
Expenses (Income)
Operating Profit
356,795
357,102
227,810
395,917
279,935
2,005,524
1,323,973
1,025,649
1,240,522
835,906
-33.98%
-22.53%
20.95%
-32.62%
Growth (%)
5,839
6,280
6,614
7,219
7,338
2014
2015
5,841
4,344
2,847
1,350
-147
2011
2012
2013

4,727
4,686
4,727
4,212
4,134
2012
2013
4,190
3,762

Income before Tax
Tax
84,989
48,110
-28,658
-51,591
-8,024
2,090,513
1,372,083
996,991
1,188,931
827,882
389,000
256,544
228,366
272,236
204,573
1,701,513
1,115,539
768,625
916,695
623,309
-34.44%
-31.10%
19.26%
-32.00%
Growth (%)
2,798
1,834
870
Period Attributable
1,701,580
1,116,186
769,493
916,704
623,312
1,701,513
1,122,575
788,003
918,566
689,704
1,701,580
1,123,222
788,871
918,575
689,707
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
483.25
327.30
248.52
249.11
222.10
RATIOS
Current Ratio (%)
Dividend (Rp)
100.00
66.00
46.00
53.00
EPS (Rp)
249.39
163.60
112.78
134.36
91.36
BV (Rp)
855.86
920.39
969.39
1,058.04
1,075.50
DAR (X)
0.14
0.17
0.17
0.17
0.17
DER(X)
0.16
0.20
0.21
0.20
0.21
ROA (%)
25.05
14.77
9.64
10.59
7.04
ROE (%)
29.14
17.76
11.62
12.70
8.49
GPM (%)
50.41
39.92
30.32
34.62
26.63
OPM (%)
42.79
31.44
24.81
26.25
19.95
NPM (%)
36.31
26.49
18.59
19.39
14.88
Payout Ratio (%)
40.10
40.34
40.79
39.45
4.44
2.87
2.38
2.80
Yield (%)
-95
2011
2014
2015

1,702
1,702
1,354
1,116
917
1,007
769
623
660
313
-34
2011
2012
2013
2014
2015
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
subsidiarieshaveatotalof7,042employeesasofSeptember30th,2015.
February 2016
Disclaimer:
106
MNCN MediaNusantaraCitraTbk.[S]
Main Board
Industry Sub Sector : Advertising, Printing And Media (95)
Individual Index
:
Listed Shares
:
132.222
14,276,088,500
16,988,545,315,000
44 | 17.0T | 0.35% | 75.14%

48 | 7.85T | 0.57% | 77.82%
COMPANY HISTORY
Established Date
: 17-Jun-1997
Listing Date
: 22-Jun-2007
Under Writer IPO :
PT Bhakti Securities
PT BSR Indonesia
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. Arya Mahendra Sinulingga
3. Charlie Kasim
4. Diana Airin
5. Ella Kartika
6. Faisal Dharma Setiawan
7. Gwenarty Setiadi
8. Kanti Mirdiati Imansyah
AUDIT COMMITTEE
1. Sutanto
2. Hery Kusnanto
3. John Aristianto Prasetio
4. Mohamed Idwan Ganie

1. PT Global Mediacom Tbk.
2. Public (<5%)
9,043,379,770 :
5,232,708,730 :
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
63.35%
36.65%
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
400
3,325
350
2,850
300
2,375
250
1,900
200
1,425
150
950
100
475
50
Jan-12
Jan-13
Jan-14
Jan-15
Jan-16

175%
150%
125%
100%
75%
50%
33.4%
25%
18.1%
-13.8%
-25%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014
2015 Jan-16

Value (Billion Rp)
Frequency (Thou. X)
Days
7,529
15,067
406
246
6,802
18,835
435
244
3,081
8,020
567
242
3,459
8,250
713
244
529
765
56
20
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
1,410
1,855
1,855
1,870
1,185
1,190
1,190
26.86
15.42
4.78
19.58
22.13
4.14
30.58
12.43
2.90
19.62
12.79
1.86
Price (Rupiah)
High
Low
Close
Close*
19.59
PER (X)
19.08
PER Industry (X)
4.78
PBV (X)
108
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Media Nusantara Citra Tbk. [S]
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
1,400
1,670
1,980
2,250
2,350
2,200
2,425
2,350
2,600
2,875
2,825
2,750
Low
1,270
1,350
1,640
1,830
1,760
1,650
1,930
2,050
2,100
2,575
2,300
2,350
Close
1,350
1,670
1,880
2,250
1,850
1,990
2,375
2,125
2,600
2,825
2,675
2,500
(X)
31,240
39,530
58,505
31,437
32,759
45,066
29,540
15,701
22,091
30,045
46,576
23,808
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
2,905
3,150
3,160
2,880
2,345
2,180
2,125
2,190
1,855
2,000
1,840
1,925
2,460
2,800
2,725
2,200
2,050
1,815
1,830
1,450
1,410
1,630
1,595
1,635
2,860
3,150
2,865
2,205
2,060
1,940
2,045
1,895
1,640
1,785
1,625
1,855
58,171
88,106
75,423
65,901
65,110
58,576
43,492
59,482
47,061
76,795
38,242
36,738
413,394
421,290
367,509
462,054
320,034
275,467
245,312
214,122
161,442
316,534
108,085
153,831
1,160,725
1,283,964
1,087,081
1,284,744
708,945
547,239
484,833
398,068
264,114
573,119
184,152
273,103
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
1,870
1,185
1,190
56,486
529,219
764,824
20

804,498 1,057,519
805,338 1,203,976
1,174,895 2,121,799
517,956 1,015,824
769,427 1,560,239
627,127 1,195,392
419,081
903,152
279,093
617,221
414,742
969,614
412,681 1,129,092
863,864 2,162,569
439,992 1,130,358
21
21
21
20
21
21
22
19
20
22
20
18
Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Sep-15
837,230
528,415
574,761
1,132,001
606,788
3,533,774
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
1,729,527
6,018,612
6,766,799
6,811,828
8,670,175
8,257,479
971,773
985,995
1,542,677
2,659,203
3,806,545
56,382
530,609
168,072
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
5,335,065
-15.27%
12.50%
125.24%
26.55%
Growth (%)
Current Liabilities
Total Liabilities
9,615,280 13,609,033 14,453,838
Growth (%)
41.54%
Liabilities
15,000
12,000
9,000
6,000
6.21%
3,000
892,276
1,274,943
3,323,544
4,060,122
2011
2012
2013
2014
Sep-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
5,116,280
Total Equity
6,834,503
7,297,162
7,743,574
9,393,213
9,118,773
6.77%
6.12%
21.30%
-2.92%
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
Dec-12
Dec-13
Dec-14
Sep-15
5,390,474
6,265,260
6,522,347
6,665,978
5,030,962
16.23%
4.10%
2.20%
Growth (%)
9,119
7,477
6,835
7,297
2014
Sep-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
2,168,226
Gross Profit
2,773,317
3,408,603
2,850,657
3,852,597
2,862,736
Expenses (Income)
1,262,793
1,147,895
1,278,161
1,308,818
1,629,248
Operating Profit
9,393
9,393
Growth (%)
2012
2013

6,265
6,666
6,522
6,666
5,390
5,031
5,306

Income before Tax
Tax
1,510,524
2,260,708
2,393,529
2,543,779
1,233,488
385,353
497,689
583,687
660,347
491,852
1,125,171
1,763,019
1,809,842
1,883,432
741,636
56.69%
2.66%
4.07%
Growth (%)
3,946
2,586
1,227
Period Attributable
1,070,203
1,657,087
1,691,172
1,761,994
649,447
1,153,383
1,781,284
1,791,090
1,850,941
739,567
1,098,415
1,675,352
1,672,420
1,729,503
647,378
Dec-11
Dec-12
Dec-13
Dec-14
Sep-15
490.37
541.25
424.02
971.69
647.67
35.00
55.00
60.00
63.00
EPS (Rp)
26.76
118.74
119.95
123.42
45.49
BV (Rp)
170.86
522.86
549.21
657.97
638.74
DAR (X)
0.22
0.19
0.19
0.31
0.37
DER(X)
RATIOS
Current Ratio (%)
Dividend (Rp)
0.29
0.23
0.24
0.45
0.59
ROA (%)
12.79
19.67
18.82
13.84
5.13
ROE (%)
16.46
24.16
23.37
20.05
8.13
GPM (%)
51.45
54.40
43.71
57.79
56.90
OPM (%)
NPM (%)
20.87
28.14
27.75
28.25
14.74
130.82
46.32
50.02
51.04
2.67
2.20
2.29
2.48
Payout Ratio (%)

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

1,763
1,883
1,810
1,883
1,499
1,125
1,115
742
731
347
-38
2011
2012
2013
2014
Sep-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.
TheCompanyhasapproximately13,169employeesasatDeptember30th,2015.
February 2016
Disclaimer:
110
MPPA MatahariPutraPrimaTbk.[S]
Main Board
Industry Sub Sector : Retail Trade (93)
Individual Index
:
Listed Shares
:
702.123
5,377,962,800
8,981,197,876,000
82 | 8.98T | 0.18% | 84.45%

38 | 10.5T | 0.76% | 71.28%
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 Jonatan Mailool
2. Carmelito Jimenez Regalado
3. Ishak Kurniawan
4. Lina Haryanti Latif
5. Noel Trinder
AUDIT COMMITTEE
1. William 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. Public (<5%)
2,701,391,108 :
1,402,947,000 :
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
2015
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
7.00
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
01-Dec-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
02-Dec-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
04-Dec-15
50.23%
26.09%
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
23-Dec-15
F
F
F
F
F
F
F
F
F
F
I
I
F
I
F
F
F
F
F
I
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) 546-9333, 547-5333, 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-12
Jan-13
Jan-14
Jan-15
Jan-16

385%
330%
275%
220%
165%
110%
79.6%
55%
33.4%
18.1%
-55%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
787
969
65
245
7,158
14,783
140
244
9,789
27,106
282
242
3,867
13,339
516
244
155
266
30
20
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
1,530
1,825
1,825
1,945
1,595
1,670
1,670
23.45
15.42
3.17
34.76
22.13
6.19
53.63
12.43
3.54
49.08
12.79
3.24
Price (Rupiah)
High
Low
Close
Close*
26.89
PER (X)
19.08
PER Industry (X)
1.67
PBV (X)
112
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Matahari Putra Prima Tbk. [S]
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
960
970
950
940
970
960
1,120
1,330
1,630
1,600
1,600
1,330
Low
910
910
840
870
850
890
960
910
1,280
1,460
950
1,040
Close
920
930
880
940
940
960
1,020
1,290
1,500
1,510
1,330
1,150
(X)
1,374
4,901
4,960
1,563
2,035
2,133
3,982
11,930
11,229
5,137
9,938
5,601
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
3,985
4,500
4,500
4,190
4,120
3,750
3,135
2,890
2,450
2,750
2,270
1,955
2,825
3,560
3,875
3,620
3,650
2,950
2,700
2,020
1,825
1,935
1,855
1,530
3,800
4,180
3,960
3,960
3,650
2,950
2,900
2,500
1,920
2,245
1,875
1,825
52,197
42,901
65,140
48,681
30,880
41,366
46,401
31,822
22,446
43,874
53,113
37,179
965,027
733,820
960,099
152,376
68,604
97,328
100,334
103,234
68,227
236,463
209,419
171,643
3,152,305
3,000,209
4,008,062
590,738
266,983
323,499
295,593
250,811
150,491
568,523
430,981
300,349
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
1,945
1,595
1,670
30,441
155,300
265,824
20

20,571
19,147
30,362
28,385
33,299
30,280
15,097
13,696
29,919
27,779
50,794
54,947
31,578
33,311
182,567
209,632
142,859
210,894
122,065
79,736
109,812
155,895
56,270
66,849
21
21
21
20
21
21
22
19
20
22
19
18
Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
1,403,075
1,361,736
1,302,610
747,710
408,945
Assets
Receivables
257,596
43,338
414,042
383,264
673,879
Inventories
1,266,120
1,670,574
2,273,548
2,655,023
2,758,970
Current Assets
3,618,563
5,084,740
4,167,989
3,904,064
3,971,189
Fixed Assets
1,643,505
775,125
1,086,757
1,272,601
1,461,743
Other Assets
Total Assets
9,000
6,750
310,902
126,162
183,642
175,619
175,783
10,308,169
8,225,206
6,579,518
5,827,294
6,294,210
-20.21%
-20.01%
-11.43%
8.01%
2,250
-
Growth (%)
Current Liabilities
2,960,433
2,715,926
3,037,430
2,749,630
2,814,709
1,664,288
1,663,526
247,118
228,978
703,907
Total Liabilities
4,624,721
4,379,452
3,284,548
2,978,608
3,518,616
-5.30%
-25.00%
-9.31%
18.13%
Growth (%)
Liabilities
11,250
4,500
2011
2012
2013
2014
Dec-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
1,732,088
Total Equity
5,683,448
3,845,754
3,294,970
2,848,686
2,775,594
-32.33%
-14.32%
-13.54%
-2.57%
Dec-12
Dec-13
Dec-14
Dec-15

Par Value
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
22.00%
9.61%
14.08%
2.49%
Cost of Revenues
7,351,010
8,970,603 10,023,943 11,235,948 11,572,378
Gross Profit
1,557,601
1,897,561
1,888,820
2,354,457
2,356,481
Expenses (Income)
1,393,229
1,555,054
1,300,345
1,642,796
2,087,857
342,507
588,475
711,661
268,624
71.81%
20.93%
-62.25%
Growth (%)
Income before Tax
Tax
3,846
4,524
3,295
3,365
2,849
2,776
2014
Dec-15
2,205
1,046
8,908,611 10,868,164 11,912,763 13,590,405 13,928,859
Growth (%)
Operating Profit
5,683
-44,418
-3,454
19,177
-35,578
164,372
298,089
585,021
730,838
233,046
44,073
58,611
140,116
176,821
50,047
120,299
239,478
444,905
554,017
182,999
99.07%
85.78%
24.52%
-66.97%
Growth (%)
-114
2011
2012
2013
13,590
10,868
10,818
13,590
13,929
2014
Dec-15
11,913
8,909
8,046
5,273
2,501
Period Attributable
105,037
220,547
444,905
554,017
182,999
120,301
238,448
444,905
554,017
178,334
105,039
219,517
444,905
554,017
178,334
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
122.23
187.22
137.22
141.99
141.09
6.00
186.00
186.00
36.00
7.00
Current Ratio (%)

Dividend (Rp)
18.84
39.55
82.73
103.02
34.03
BV (Rp)
1,019.17
689.63
612.68
529.70
516.11
DAR (X)
0.45
0.53
0.50
0.51
0.56
DER(X)
0.81
1.14
1.00
1.05
1.27
ROA (%)
1.17
2.91
6.76
9.51
2.91
ROE (%)
2.12
6.23
13.50
19.45
6.59
GPM (%)
17.48
17.46
15.86
17.32
16.92
OPM (%)
3.15
4.94
5.24
1.93
NPM (%)
1.35
2.20
3.73
4.08
1.31
31.85
470.30
224.83
34.95
20.57
0.65
16.17
9.59
1.18
0.38
EPS (Rp)
Payout Ratio (%)

Yield (%)
-272
2011
2012
2013

554
554
445
441
328
239
183
215
120
102
-11
2011
2012
2013
2014
Dec-15
113
COMPANY REPORT
MYRX
HANSON INTERNATIONAL TBK.
Company Profile
PTHansonInternationalTbk.(formerlyPTHansonIndustriUtamaTbk.)wasestablishedon
July7th,1971.
TheCompanyismainlyengagedinindustry,generaltradeanddevelopment.TheCompany
starteditscommercialoperationin1997.TheCompanyscurrentactivityisonlyinvesting
initssubsidiaries.
Hanson establishing in the Property Sector. Hansonland PT Hanson International Tbk. is

emerging as Indonesias major property developer, with a landbank in excess of 3,000
hectaresinverystrategiclocationsingreaterJakarta.HansonlandisdedicatedtoBuilding
CitiesforLifeandtodeliverhighqualitypropertiestoitscustomers.
PTHansonInternationalTbk.,holdingcompanyalongwithitssubsidiarieshasmadesteady
progress in the development of land banks into residential and commercial areas. The
CompanyhassignedstrategicJointVentureagreementswithCiputraGroup,areputedand
established company to develop close to 500 hectares of land in Maja Raya, Greater
Jakarta.
TheCompanyhasalsosecuredJointVentureagreementswithaconsortiumofprominent
developers in Indonesia to develop 850 Hectares of land in Serpong. This would become
City of Future with all modern amenities. The Company partners with Pacific Millennium
Land is a consortium of prominent developers of Jakarta, who foresee Serpong as a
tremendous potential opportunity and are committed to develop a world class city. The
developers are experienced in building Seven Star and Five star Hotels, high rise
commercial and residential properties. Hanson has synergized with PML to develop
MillenniumCityinSerpongoveranareaof850Hectares.ThisstrategiclocationinSerpong
areawillbethemostsoughtafterlivingdestinationbecauseoftheexcellentinfrastructure,
schools,medicalfacilitiesandshoppingmalls.
February 2016
Disclaimer:
114
MYRX HansonInternationalTbk.[S]
Development Board
Industry Sub Sector : Investment Company (98)
Individual Index
:
Listed Shares
:
91.385
15,743,840,235
10,548,372,957,450
67 | 10.5T | 0.22% | 81.49%

11 | 24.5T | 1.79% | 41.28%
COMPANY HISTORY
Established Date
: 07-Jul-1971
Listing Date
: 31-Oct-1990
Under Writer IPO :
PT Aseam Indonesia
PT PDFCI Securities
PT Sinar Mas
PT Ficomindo Buana Registrar
Mayapada Tower 10th Fl. Suite 02 B, Jln. Jend. Sudirman Kav. 28,
Karet - Setiabudi, Jakarta 12920

Phone : (021) 521-2316, 2317
Fax
: (021) 521-2320
1. I Nyoman Tjager
2. Monang Situmeang SH.
3. Venkata Ramana Tata *)
BOARD OF DIRECTORS
1. Benny Tjokrosaputro
2. Adnan Tabrani
3. George Ignasius Ratulangi
4. Raden Agus Santosa
5. Rony Agung Suseno
AUDIT COMMITTEE
1. Venkata Ramana Tata
2. Yunita Triana
CORPORATE SECRETARY
Rony Agung Suseno

1. Benny Tjokrosaputro
2. PT ASABRI (Persero)
3. Public (<5%)
2,659,687,487 :
954,835,200 :
12,129,317,548 :
Bonus
Cash
Year
1989
1990
1990
1991
1992
1995
1996
1997
Shares
Dividend
118.00
50.00
10 : 1
1:1
4:9
200.00
50.00
10.00
20.00
Cum Date
16-Jan-91
16-Jan-91
21-Jun-91
18-May-92
28-Apr-93
23-Jul-96
26-May-97
13-Nov-98
Ex Date
17-Jan-91
17-Jan-91
24-Jun-91
19-May-92
29-Apr-93
24-Jul-96
27-May-97
16-Nov-98
Recording
Date
24-Jan-91
24-Jan-91
01-Jul-91
26-May-92
10-May-93
01-Aug-96
04-Jun-97
25-Nov-98
16.89%
6.06%
77.04%
Payment
Date
25-Feb-91
25-Feb-91
22-Jul-91
26-Jun-92
10-Jun-93
30-Aug-96
03-Jul-97
21-Dec-98
F
I
S
F
F
F
F
B
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Type of Listing
First Issue
Partial Listing
Bonus Shares
Company Listing
Bonus Shares
Right Issue
Stock Split
Bonus Shares
Additional Listing
Right Issues
Additional Listing without Right Issue
Shares
1,000,000
1,450,000
700,000
4,550,000
7,700,000
92,400,000
107,800,000
485,100,000
4,513,705,164
633,540,016
8,362,728,216
500,000,000
143,614,500
889,552,339
Listing
Date
31-Oct-90
31-Oct-90
21-Feb-92
18-Jun-92
14-Aug-92
29-Dec-97
02-Nov-98
11-Jan-99
11-Dec-02
13-Dec-12
02-Jan-14
16-Dec-15
30-Dec-15
06-Jan-16
Trading
Date
31-Oct-90
07-Nov-90
21-Feb-92
18-Jun-92
14-Aug-92
29-Dec-97
02-Nov-98
11-Jan-99
11-Dec-02
13-Dec-12
02-Jan-14
16-Dec-15
30-Dec-15
06-Jan-16
HEAD OFFICE
Mayapada Tower 21st Fl.
Jakarta
Phone : (021) 521-3555
Fax
: (021) 521-4555
Homepage
Email
F/I
: www.hanson.co.id
: rony@hanson.co.id
115
Closing
Price*
Volume
(Mill. Sh)
800
1,600
700
1,400
600
1,200
500
1,000
400
800
300
600
200
400
100
200
Jan-12
Jan-13
Jan-14
Jan-15
Jan-16

180%
150%
131.0%
120%
90%
60%
33.4%
30%
18.1%
-30%
-60%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
8,377
2,123
141
246
23,026
11,557
456
244
27,510
16,392
762
242
33,581
22,594
711
244
4,758
2,935
24
20
350
200
285
285
740
260
570
570
710
520
695
695
785
469
635
635
700
600
670
670
11.28
313.21 -2,376.29
PER (X)
19.08
15.42
22.13
PER Industry (X)
6.58
0.68
2.03
PBV (X)
347.28
12.43
1.80
388.36
12.79
2.01
Price (Rupiah)
High
Low
Close
Close*
116
2015 Jan-16
Closing Price
Freq.
Close
290
290
285
275
250
280
235
215
235
225
265
285
Volume
Value
Day
TRADING ACTIVITIES

Hanson International Tbk. [S]
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
350
320
305
285
275
280
280
235
235
235
305
300
Low
285
270
260
260
230
210
210
200
205
200
210
245
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
320
440
510
510
630
740
740
640
670
600
540
590
260
315
410
450
470
610
610
550
550
520
500
495
315
87,950
440 114,729
510
38,068
490
30,119
630
29,777
740
32,980
630
30,767
580
17,268
560
25,322
530
19,065
500
15,384
570
14,342
1,803,276
2,942,086
1,968,622
1,858,711
2,058,740
2,247,657
1,833,184
1,302,136
2,073,031
1,771,312
1,328,809
1,838,843
483,087
1,071,247
835,915
874,265
1,058,741
1,427,005
1,194,730
774,395
1,212,263
982,315
704,556
938,820
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
615
605
680
670
670
665
635
680
695
635
710
695
520
565
575
590
600
605
575
600
590
600
615
645
595
30,182
600
33,198
670
35,590
620
36,945
625
26,991
605 126,341
625 102,581
665
92,688
620
88,381
620
73,817
690
67,495
695
47,966
1,513,524
1,709,521
1,902,399
2,413,894
1,385,837
2,157,050
3,118,104
2,244,923
3,486,173
2,536,871
3,091,209
1,950,424
829,800
968,617
1,121,541
1,409,251
849,269
1,307,572
1,824,044
1,298,751
2,151,596
1,545,151
1,796,035
1,290,320
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
720
775
785
755
780
770
745
720
730
710
695
685
650
695
735
705
705
469
700
625
670
660
635
595
710
755
755
710
780
740
715
720
695
675
655
635
38,282
89,953
76,400
55,146
66,636
82,737
45,087
52,202
58,029
59,702
68,064
18,682
1,701,983
1,505,853
1,888,313
1,356,293
1,730,755
2,666,721
1,231,383
2,204,681
2,938,886
4,373,759
5,149,621
6,833,162
1,066,302
1,060,692
1,392,377
981,428
1,247,310
1,796,143
877,347
1,513,002
2,019,706
2,960,989
3,398,221
4,280,684
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
700
600
670
23,562
4,758,101
2,934,954
20
(X)
7,387
5,128
2,003
1,993
2,342
2,303
1,634
1,881
1,764
4,545
32,912
77,433

1,005,802
289,296
563,616
157,582
738,606
175,471
395,979
107,179
527,954
131,285
108,595
467,025
358,980
76,410
252,690
56,326
332,787
72,641
642,986
144,560
1,439,036
363,772
1,651,379
440,048
21
21
21
20
21
21
22
19
20
22
20
18
Book End : December
Dec-11
Dec-12
Dec-13
Dec-14
Sep-15
21,995
2,685
60,289
34,753
151,989
Receivables
17,309
62,186
18,446
56,270
329,241
Inventories
14,479
86,229
4,037
773
59,060
Current Assets
160,299
193,490
108,575
328,835
971,244
Fixed Assets
219,231
279,138
272,367
269,168
1,925
BALANCE SHEET
Assets
6,000
4,500
Other Assets
56,663
55,413
23,089
22,489
83,927
Total Assets
861,975
1,116,299
5,335,863
5,414,788
6,377,312
29.50%
378.00%
1.48%
17.78%
1,500
-
Growth (%)
Current Liabilities
720,789
425,389
358,600
476,405
736,351
174,275
437,561
96,186
76,449
399,791
Total Liabilities
895,064
862,950
454,786
552,854
1,136,143
-3.59%
-47.30%
21.56%
105.50%
2,550,350
1,051,050
2,550,350
2,550,350
846,858 351,976,225
1,836,340
1,976,571
Growth (%)
Liabilities
7,500
3,000
2011
2012
2013
2014
Sep-15

Authorized Capital
Paid up Capital
2,601,400
846,857
5,214
5,214
Par Value
500 & 110
500 & 110
Retained Earnings
-1,090,124
-33,089
Total Equity
Growth (%)
15,332
14,211
15,332
500, 125, & 110
500 & 110
500 & 125 &110
-1,077,468
-1,150,889
-1,154,006
-1,127,083
253,349
4,881,077
4,861,934
5,241,170
N/A 1,826.62%
-0.39%
7.80%
INCOME STATEMENTS
Dec-11
Dec-12
Dec-13
Dec-14
Sep-15
Total Revenues
183,463
117,924
170,002
135,409
54,805
-35.72%
44.16%
-20.35%
36,924
36,569
140,205
73,589
36,475
146,539
81,355
29,796
61,820
18,330
28,810
22,961
-56,502
24,501
-3,913
117,729
58,394
86,298
37,319
22,243
-50.40%
47.79%
-56.76%
-9,784
-30,241
-73,193
-35,571
-1,911
107,945
28,153
13,105
1,748
20,332
6,043
12,861
377
20,332
Growth (%)
Cost of Revenues
Gross Profit
Expenses (Income)
Operating Profit
Growth (%)
5,241
4,881
4,862
2013
2014
4,186
3,131
2,077
1,022
2011
253
-33
2012
-33
Income before Tax

Tax
101,903
Growth (%)
28,153
245
1,371
-72.37%
-99.13%
460.18%
Sep-15

183
170
183
135
146
5,241
118
109
55
71
34
Period Attributable
RATIOS
Current Ratio (%)
12,656
10,642
3,117
20,371
101,903
147,718
-119,320
1,371
20,332
132,221
-108,922
-3,117
20,371
Dec-11
Dec-12
Dec-13
Dec-14
Sep-15
22.24
45.49
30.28
69.02
131.90
Dividend (Rp)
EPS (Rp)
2.43
0.69
0.22
1.33
-6.35
48.59
318.37
342.13
341.85
1.04
0.77
0.09
0.10
0.18
-27.05
3.41
0.09
0.11
0.22
BV (Rp)
DAR (X)
DER(X)
ROA (%)
11.82
2.52
0.00
0.03
0.32
ROE (%)
-307.96
11.11
0.01
0.03
0.39
GPM (%)
79.87
68.99
17.53
45.65
33.45
OPM (%)
64.17
49.52
50.76
27.56
40.59
NPM (%)
55.54
23.87
0.14
1.01
37.10
Payout Ratio (%)

Yield (%)
-4
2011
2012
2013
2014
Sep-15

102
102
81
60
28
40
20
19
0.2
1.4
2013
2014
-2
2011
2012
Sep-15
117
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 three Regional
Distribution(RD)andoneRegionalTransmission(RT),asfollows:
1. RegionalDistributionI,coversWesternJavaRegionuntilSouthSumatera,
2. RegionalDistributionII,coversEasternJavaRegion,
3. RegionalDistributionIII,coversNorthernSumateraRegionandtheRiauIslands,
4. RegionalTransmissioncoversSumateraJavaRegion.
TheCompanycommencedtheconstructionofSouthSumateraWestJavagastransmissionIandII
willexpectedopereatingmaximumcapacityof460mmscfdand520mmscfd(unaudited).
Thecompanyhasownershipinsubsidiaries:PTPGASTelekomunikasiNusantara,PTPGASSolution,
PT Saka Energi Indonesia, PT Gagas Energi Indonesia, PT PGN LNG Indonesia, PT Permata Graha
Nusantara.AsofDecember31st,2015,theCompanyandSubsidiarieshadatotalof2,262employees.
February 2016
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
118
PGAS PerusahaanGasNegara(Persero)Tbk.[S]
Main Board
Industry Sub Sector : Energy (71)
Individual Index
:
Listed Shares
:
801.667
24,241,508,196
58,300,827,211,380
15 | 58.3T | 1.19% | 56.87%

7 | 33.1T | 2.42% | 32.60%
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. Paiman Rahardjo *)
5. 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
contact.center@pgn.co.id
119
Closing
Price*
Volume
(Mill. Sh)
6,400
400
5,600
350
4,800
300
4,000
250
3,200
200
2,400
150
1,600
100
800
50
Jan-12
Jan-13
Jan-14
Jan-15
Jan-16

120%
100%
80%
60%
40%
42.3%
20%
18.1%
-20%
-24.8%
-40%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
7,191
27,787
319
246
7,074
37,444
505
244
5,365
29,084
712
242
9,592
36,449
1,230
244
607
1,518
96
20
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
2,150
2,745
2,745
2,770
2,350
2,405
2,405
10.27
12.11
3.24
15.09
20.04
4.24
12.02
15.24
1.60
10.53
14.31
1.40
Price (Rupiah)
High
Low
Close
Close*
12.61
PER (X)
17.53
PER Industry (X)
4.90
PBV (X)
120
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Perusahaan Gas Negara (Persero) Tbk. [S]
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
3,500
3,775
3,850
3,825
4,000
3,700
3,825
3,825
4,200
4,650
4,800
4,650
Low
3,050
3,300
3,575
3,300
3,350
3,275
3,475
3,600
3,675
4,025
4,450
4,375
Close
3,375
3,750
3,800
3,350
3,700
3,525
3,800
3,700
4,125
4,650
4,525
4,600
(X)
27,122
27,960
25,231
24,434
34,239
31,672
29,674
21,472
23,478
24,945
27,061
21,842
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
6,050
5,500
5,400
4,890
4,360
4,390
4,350
4,020
2,965
3,160
3,080
2,915
4,995
5,050
4,600
4,100
3,855
4,155
3,900
2,720
2,150
2,535
2,560
2,305
5,050
5,200
4,800
4,100
4,295
4,315
4,000
2,780
2,530
3,000
2,655
2,745
92,906
66,654
96,871
121,106
106,169
82,956
63,869
113,149
168,748
125,908
94,906
96,859
887,651
624,549
782,389
952,937
768,554
429,183
386,941
640,762
1,736,188
1,030,877
782,374
569,389
4,816,967
3,312,449
3,975,099
4,338,820
3,183,949
1,834,395
1,600,087
1,974,156
4,599,265
3,030,555
2,261,286
1,521,635
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
2,770
2,350
2,405
96,049
607,085
1,517,643
20

470,932 1,557,024
535,228 1,895,258
392,942 1,470,645
465,723 1,652,881
905,887 3,409,283
804,437 2,822,960
632,860 2,324,863
493,571 1,824,200
639,777 2,546,133
723,985 3,145,063
648,018 2,967,230
477,616 2,171,383
21
21
21
20
21
21
22
19
20
22
20
18
Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Assets
10,356,369 15,157,322 16,200,470 15,122,533 16,643,061
Receivables
2,043,553
2,550,177
3,875,102
5,125,490
5,675,984
Inventories
11,836
23,644
179,329
812,909
636,891
Current Assets
13,656,295 19,183,520 21,847,077 23,141,099 25,247,134
Fixed Assets
15,866,650 16,378,657 22,542,829 30,904,599 28,269,719
Other Assets
Total Assets
38,309
22.00%
Growth (%)
Current Liabilities
21,425
50,620
97,582
85,452
30,976,446 37,791,930 53,536,157 77,295,913 95,197,541
2,483,317
41.66%
60,000
40,000
23.16%
20,000
4,571,487 10,868,753 13,562,910
9,780,912
11,308,417 10,449,604
Total Liabilities
13,791,734 15,021,091 20,073,088 40,447,177 50,892,302
8.91%
Growth (%)
80,000
44.38%
9,204,335 26,884,267 41,111,390
33.63%
101.50%
25.82%
Liabilities
100,000
2011
2012
2013
2014
Dec-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
2,424,151
2,424,151
2,424,151
24,242
24,242
24,242
24,242
24,242
100
100
100
100
100

Par Value
Retained Earnings
12,257,199 16,847,739 25,725,467 28,819,214 33,112,787
Total Equity
17,184,712 22,770,838 33,463,069 36,848,736 44,305,239
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
Gross Profit
46.96%
10.12%
20.24%
Dec-12
Dec-13
Dec-14
Dec-15
27.33%
47.82%
15.10%
6.11%
17,185
16,539
7,843
-853
2011
2012
2013
2014
Dec-15
7,793,751 10,676,664 19,429,817 24,172,867 30,862,955

4,051,278
4,389,290
6,003,474
5,827,914
Operating Profit
7,722,378
9,848,734 11,456,318 12,212,885
8,288,398
5,942,474
27.53%
16.32%
6.60%
-32.13%
1,255,405
2,348,434
-40,958
-1,793,392
7,654,189 11,104,139 13,804,752 12,171,927
6,495,006
Growth (%)
Income before Tax
36,849
22,771
25,235
11,773,656 14,238,024 17,398,792 18,216,359 14,116,312
Expenses (Income)
33,463
33,930
19,567,407 24,914,688 36,828,609 42,389,226 44,979,267
Growth (%)
Cost of Revenues
32.51%
44,305
42,626
-68,189
Tax
1,535,979
2,253,611
2,836,789
2,873,884
591,768
6,118,210
8,850,528 10,967,963
9,298,043
5,903,237
-15.23%
-36.51%
44.66%
Growth (%)
23.92%

44,979
42,389
36,829
42,389
33,742
24,915
25,094
19,567
16,447
7,800
Period Attributable
5,933,063
8,614,862 10,558,743
8,988,170
5,880,387
6,163,463
8,843,202 10,898,403
9,305,661
6,135,587
5,964,373
8,603,365 10,481,609
9,001,479
6,100,142
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Current Ratio (%)
549.92
419.63
201.01
170.62
258.13
Dividend (Rp)
134.62
202.77
210.40
EPS (Rp)
244.75
355.38
435.56
370.78
242.58
BV (Rp)
708.90
939.33
1,380.40
1,520.07
1,827.66
DAR (X)
0.45
0.40
0.37
0.52
0.53
DER(X)
0.80
0.66
0.60
1.10
1.15
ROA (%)
19.75
23.42
20.49
12.03
6.20
ROE (%)
35.60
38.87
32.78
25.23
13.32
GPM (%)
60.17
57.15
47.24
42.97
31.38
OPM (%)
39.47
39.53
31.11
28.81
18.43
NPM (%)
31.27
35.52
29.78
21.93
13.12
Payout Ratio (%)
55.00
57.06
48.31
4.24
4.41
4.70
RATIOS
Yield (%)
-848
2011
2012
2013
2014
Dec-15

10,968
10,968
9,298
8,851
8,730
6,118
5,903
6,493
4,256
2,018
-219
2011
2012
2013
2014
Dec-15
121
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.
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,
PTBukitAsamBanko,
PTBukitMultiInvestama,
PTBukitEnergiInvestama.
TheCompanyhasanownershipinterestinthefollowingjointventureentities:
PT Bukit Pembangkit Innovative, Tanjung Enim Sumatera Selatan, Independent
power,
PTBukitAsamTranspacificRailway,Jakarta,Coaltransportationservices,
PTHuadianBukitAsamPower,TanjungEnim,SumateraSelatan,Independent
powerproducer.
AsofDecember31st,2015,theCompanyhadatotalof2,663permanentemployees.
February 2016
Disclaimer:
122
PTBA TambangBatubaraBukitAsam(Persero)Tbk.[S]
Main Board
Industry Sub Sector : Coal Mining (21)
Individual Index
:
Listed Shares
:
773.913
2,304,131,850
10,253,386,732,500
69 | 10.3T | 0.21% | 81.91%

51 | 6.69T | 0.49% | 79.39%
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. Koesnaryo *)
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. Koesnaryo
2. Ai Supardini
3. Barlian Dwinagara
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 :
196,056,700 :
609,987,650 :
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%
8.51%
26.47%
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
123
Closing
Price*
Volume
(Mill. Sh)
22,000
72.0
19,250
63.0
16,500
54.0
13,750
45.0
11,000
36.0
8,250
27.0
5,500
18.0
2,750
9.0
Jan-12
Jan-13
Jan-14
Jan-15
Jan-16

Mining Index
60%
40%
20%
18.1%
-20%
-40%
-60%
-69.9%
-75.7%
-80%
-100%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014
2015 Jan-16

Value (Billion Rp)
Frequency (Thou. X)
Days
706
11,954
190
246
653
8,819
214
244
830
9,122
431
242
946
7,109
495
244
60
268
45
20
Price (Rupiah)
High
Low
Close
Close*
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
4,305
4,525
4,525
4,610
4,150
4,450
4,450
12.87
20.76
3.11
13.65
3.23
3.53
5.12
5.06
1.12
5.04
5.67
1.10
Freq.
Volume
Value
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
20,250
21,150
21,100
20,600
18,550
15,250
16,450
16,000
17,000
16,900
16,900
16,000
Low
17,300
19,900
20,050
18,000
15,000
12,950
14,450
13,500
13,800
15,550
13,800
13,650
Close
20,150
20,750
20,500
18,450
15,000
14,650
15,900
14,600
16,200
16,000
14,000
15,100
(X)
15,251
13,083
12,467
14,159
19,856
25,436
17,145
13,578
16,341
10,502
14,844
16,876
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-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
6,625 5,025 5,850
6,275 5,350 5,625
7,550 5,500 7,300
7,825 5,600 5,600
5,800 4,305 4,525
41,254
36,099
36,562
27,080
32,764
30,956
35,339
39,760
25,247
53,867
60,412
76,121
60,844
55,708
57,946
36,037
50,187
42,212
60,945
73,026
47,937
112,986
204,268
143,545
690,666
616,697
619,774
394,197
507,612
390,524
426,944
428,155
291,890
784,874
1,249,230
708,778
21
19
22
21
19
21
19
20
21
21
21
19
4,450
44,672
60,404
267,843
20
Jan-16
15.33
PER (X)
8.49
PER Industry (X)
4.09
PBV (X)
124
Closing Price
Day
TRADING ACTIVITIES

Tambang Batubara Bukit Asam (Persero)
4,610
4,150

52,009
999,520
79,652 1,651,883
60,156 1,240,929
52,472 1,012,647
67,653 1,133,883
108,437 1,509,872
46,768
723,145
48,346
720,762
61,071
953,500
41,017
668,623
36,151
564,858
51,945
774,274
21
21
21
20
21
21
22
19
20
22
20
18
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
6,791,291
5,917,034
3,343,905
4,039,267
3,115,337
Receivables
1,180,195
1,545,556
1,427,572
1,439,401
1,595,580
Inventories
64,483
765,964
901,952
1,033,360
1,233,175
Current Assets
8,859,260
8,718,297
6,479,783
7,416,805
7,598,476
Fixed Assets
1,140,466
1,853,447
2,803,393
3,987,565
5,579,117
50,949
97,886
119,746
119,719
102,318
BALANCE SHEET
Other Assets
Total Assets
Book End : December
Assets
11,507,104 12,728,981 11,677,155 14,812,023 16,894,043
Growth (%)
10,200
6,800
-8.26%
26.85%
14.06%
3,400
-
1,912,423
1,770,664
2,260,956
3,574,129
4,922,733
1,429,679
2,453,148
1,864,630
2,567,052
2,683,763
Total Liabilities
3,342,102
4,223,812
4,125,586
6,141,181
7,606,496
26.38%
-2.33%
48.86%
23.86%
Growth (%)
13,600
10.62%
Current Liabilities
Liabilities
17,000
2011
2012
2013
2014
Dec-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 10,191,771
Total Equity
8,165,002
8,505,169
7,551,569
8,670,842
9,287,547
4.17%
-11.21%
14.82%
7.11%
Dec-12
Dec-13
Dec-14
Dec-15
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
9.57%
-3.32%
16.67%
5.01%
Cost of Revenues
5,302,592
6,505,932
7,745,646
9,056,219
9,593,903
Gross Profit
5,278,978
5,088,125
3,463,573
4,021,743
4,139,724
Expenses (Income)
1,219,874
1,494,615
1,310,735
1,711,545
1,725,384
Operating Profit
4,059,104
3,593,510
2,152,838
2,310,198
2,414,340
-11.47%
-40.09%
7.31%
4.51%
Growth (%)
Income before Tax

Tax
8,165
9,288
8,671
8,505
7,552
7,566
5,627
3,688
1,749
10,581,570 11,594,057 11,209,219 13,077,962 13,733,627
Growth (%)
9,505
-190
2011
318,077
308,524
364,528
249,456
3,911,587
2,461,362
2,674,726
2,663,796
971,037
1,002,166
607,081
655,512
626,685
3,088,067
2,909,421
1,854,281
2,019,214
2,037,111
-5.79%
-36.27%
8.89%
0.89%
Growth (%)
2013
2014
Dec-15

13,734
13,078
13,078
10,582
4,059,104
2012
11,594
11,209
2012
2013
10,410
7,742
5,074
2,406
Period Attributable
3,085,836
2,900,113
1,826,144
2,016,171
2,035,911
3,085,862
2,269,074
2,351,350
2,123,653
1,875,933
3,083,631
2,259,766
2,323,213
2,120,610
1,874,733
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
463.25
492.37
286.59
207.51
154.35
RATIOS
Current Ratio (%)
803.94
720.75
461.97
324.57
EPS (Rp)
1,339.26
1,258.66
792.55
875.02
883.59
BV (Rp)
3,543.63
3,691.27
3,277.40
3,763.17
4,030.82
DAR (X)
0.29
0.33
0.35
0.41
0.45
DER(X)
Dividend (Rp)
0.41
0.50
0.55
0.71
0.82
ROA (%)
26.84
22.86
15.88
13.63
12.06
ROE (%)
37.82
34.21
24.55
23.29
21.93
GPM (%)
49.89
43.89
30.90
30.75
30.14
OPM (%)
38.36
30.99
19.21
17.66
17.58
NPM (%)
29.18
25.09
16.54
15.44
14.83
Payout Ratio (%)
60.03
57.26
58.29
37.09
4.63
4.77
4.53
2.60
Yield (%)
-262
2011
2014
Dec-15

3,088
3,088
2,909
2,458
1,854
2,019
2,037
2014
Dec-15
1,828
1,198
568
-62
2011
2012
2013
125
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".
Asof31December2015theCompanyhad1,574employees.
February 2016
Disclaimer:
126
PTPP PP (Persero) Tbk. [S]

Main Board
Individual Index
:
Listed Shares
:
696.429
4,842,436,500
18,885,502,350,000
42 | 18.9T | 0.39% | 74.44%

43 | 9.21T | 0.67% | 74.79%
COMPANY HISTORY
Established Date
: 26-Aug-1953
Listing Date
: 09-Feb-2010
Under Writer IPO :
PT DBS Vickers Securities Indonesia
PT BSR Indonesia
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
127

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-12
Jan-13
Jan-14
Jan-15
Jan-16

770%
712.5%
660%
550%
440%
330%
220%
110%
19.6%
-110%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
4,253
2,931
85
246
8,579
10,203
318
244
4,619
9,366
376
242
2,716
10,233
560
244
122
477
28
20
950
475
830
830
1,780
760
1,160
1,160
3,625
1,105
3,575
3,575
4,245
2,960
3,875
3,875
4,015
3,770
3,900
3,900
13.35
9.57
2.83
44.75
16.29
8.06
25.35
18.66
3.67
25.51
17.68
3.69
12.98
PER (X)
17.34
PER Industry (X)
2.43
PBV (X)
128
Freq.
Volume
Value
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
610
680
670
720
760
620
650
680
760
800
930
950
Low
475
550
600
610
590
530
580
550
570
690
740
800
Close
570
640
630
700
600
610
600
570
730
770
930
830
(X)
8,204
6,652
4,896
8,208
7,221
3,859
2,427
4,330
5,160
12,027
10,295
11,432
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
3,925
4,245
4,070
4,100
4,215
4,030
4,190
3,960
3,585
3,930
3,905
3,920
3,475
3,850
3,645
3,600
3,800
3,130
3,440
2,960
3,110
3,470
3,625
3,600
3,915
4,060
3,795
3,925
4,020
3,470
3,905
3,310
3,465
3,810
3,625
3,875
56,124
50,094
60,287
50,080
40,119
52,156
50,075
68,100
42,260
43,871
26,147
20,317
403,485
269,943
350,386
355,458
176,464
194,400
199,427
249,986
165,650
192,689
92,107
66,476
1,503,473
1,079,418
1,344,045
1,380,910
711,806
691,295
774,366
862,115
568,854
719,571
346,353
250,396
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
4,015
3,770
3,900
28,192
121,525
477,360
20

288,312
152,115
326,259
195,562
200,951
127,218
485,613
319,004
384,823
258,898
201,669
108,323
210,891
127,057
253,171
158,175
320,054
215,131
642,556
477,385
519,428
423,177
369,417
419,354
21
21
21
20
21
21
22
19
20
22
20
18
103.1%
Price (Rupiah)
High
Low
Close
Close*
Closing Price
Day
TRADING ACTIVITIES

PP (Persero) Tbk. [S]
2015 Jan-16

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

Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
1,306,110
1,303,124
2,396,802
2,408,126
3,025,394
Receivables
1,284,675
1,633,937
2,187,005
3,135,044
4,111,735
Inventories
1,586,309
1,565,642
177,419
2,570,346
2,498,625
Investment
243,697
222,844
289,598
417,692
622,833
Fixed Assets
75,997
72,775
141,882
493,576
2,989,066
BALANCE SHEET
Other Assets
Total Assets
Assets
6,933,354
8,550,851 12,415,669 14,611,865 19,128,812
23.33%
Growth (%)
45.20%
12,000
8,000
30.91%
4,000
-
912,003
1,115,578
836,766
891,868
1,363,297
3,463,503
4,243,610
6,300,346
7,021,633
7,887,792
Total Liabilities
5,507,914
6,895,001 10,430,922 12,221,595 14,009,740
25.18%
51.28%
17.17%
14.63%
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
2,076,892
1,425,440
1,655,849
1,984,747
2,390,270
5,119,072
16.16%
19.86%
20.43%
114.16%
Dec-12
Dec-13
Dec-14
Dec-15
Growth (%)
16,000
17.69%
Trade Payable
Bank Payable
Liabilities
20,000
2011
2012
2013
2014
Dec-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
8,003,873 11,655,844 12,427,371 14,217,373
5,526,136
45.63%
6.62%
14.40%
4,691
4,011
3,332
2,652
1,972
1,425
1,656
785,922
854,505
1,272,922
1,532,660
Operating Expenses
130,981
143,681
199,537
275,958
409,797
Operating Profit
654,940
710,825
1,073,385
1,256,702
1,597,164
8.53%
51.01%
17.08%
27.09%
613
-67
2011
2,006,961
-236,464
-165,433
-306,495
-337,257
-309,630
Income before Tax
418,476
545,392
766,890
919,445
1,287,534
Tax
178,253
235,709
346,170
387,380
441,971
240,223
309,683
420,720
532,065
845,563
28.91%
35.86%
26.47%
58.92%
Growth (%)
2,390
1,293
2012
2013
2014
Dec-15

14,217
11,656
12,427
1,985
7,149,367 10,382,923 10,894,711 12,210,412
Gross Profit
Growth (%)
5,119
9,892
7,357
12,427
8,004
6,232
4,822
2,287
Period Attributable
240,223
309,683
420,708
531,951
740,323
240,223
309,683
420,720
532,065
2,037,652
240,223
309,683
420,708
531,951
1,932,412
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Dividend (Rp)
14.88
19.19
26.06
21.97
EPS (Rp)
49.61
63.95
86.88
109.85
152.88
BV (Rp)
294.36
341.95
409.87
493.61
1,057.13
DAR (X)
0.79
0.81
0.84
0.84
0.73
DER(X)
3.86
4.16
5.26
5.11
2.74
ROA (%)
3.46
3.62
3.39
3.64
4.42
ROE (%)
16.85
18.70
21.20
22.26
16.52
GPM (%)
12.61
10.68
10.92
12.33
14.12
OPM (%)
10.51
8.88
9.21
10.11
11.23
NPM (%)
3.85
3.87
3.61
4.28
5.95
30.00
30.01
30.00
20.00
3.07
2.31
2.25
0.61
Payout Ratio (%)

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

846
749
641
532
532
421
424
315
240
310
206
98
-11
2011
2012
2013
2014
Dec-15
129
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.
PakuwonJatiisthepioneeroftheSuperblockconceptinIndonesia,alargescaleintegrated
mixeduse development of retail shopping mall, office, condominium and hotel. Its
successful track record and reputation within the property industry has secured strong
longtermrelationshipswithtenantsandbuyers,whichprovidesastableplatformforrapid
businessexpansion.
BasedonCompanysArticleofAssociations,theCompanyisengagedinbusiness:
1) Shoppingcenter:TunjunganPlaza,KotaKasablanka,GandariaCity
2) BusinesscenternamedasMandiriOfficeTower,Gandaria8OfficeTower
3) HotelnamedasSheratonSurabayaHotelandTowers,GandariaHotel
4) Real estate business Pakuwon City Township, Condominium Regensi, CasaGrande
Condominium,GandariaHeightsCondominium.
TheCompanyhasdirectandindirectownershipinsubsidiaries:PTArtisanWahyu,PTElite
PrimaHutama,PTPakuwonSentraWisata,PTPakuwonRegency,PTGramaPramesiSiddhi,
PakuwonPrimaPte.Ltd.Singapore,ArtiusGrandisPte.Ltd.,PTCentrumUtamaPrima,PT
PakuwonPermai,PTDwijayaManunggal,PTPakuwonSentosaAbadi,PTPermataBerlian
Realty.
The company started commercial operations in May 1986. The Company and its
subsidiarieshastotalnumberofemployeesof2,833asofDecember31st,2015.
February 2016
Disclaimer:
130
PWON Pakuwon Jati Tbk. [S]

Main Board
Individual Index
:
Listed Shares
:
1,727.129
48,159,602,400
21,575,501,875,200
37 | 21.6T | 0.44% | 72.43%

33 | 11.2T | 0.82% | 67.41%
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
Jln. Johar No. 18
Phone : (021) 314-0032, 390-5920, 390-0645
Fax
: (021) 314-0185, 390-0652, 390-0671
1. Alexander Tedja
2. Agus Soesanto *)
3. Dyah Pradnyaparamita Duarsa *)
BOARD OF DIRECTORS
1. Richard Adisastra
2. Alexander Stefanus Ridwan Suhendra
3. Eiffel Tedja
4. Irene Tedja
5. Minarto
6. Sutandi Purnomosidi
7. Wong Boon Siew Ivy
AUDIT COMMITTEE
1. Agus Soesanto
2. Antonius Susanto
3. Lisawati
CORPORATE SECRETARY
Minarto
HEAD OFFICE
EastCoast Center 5th Fl.
Pakuwon Town Square - Pakuwon City
Jln. Kejawan Putih Mutiara No. 17, Surabaya
Phone : (031) 582-08788
Fax
: (031) 582-08798
Homepage
Email
: www.pakuwon.com
: minarto@pakuwon.com

1. Burgami Investments Limited
2. JPMBLSA Re:JPMIB - PT Pakuwon Ar
3. Concord Media Investment Ltd
4. Raylight Investments Limited
5. Public (<5%)
10,063,591,200
6,080,129,840
3,556,800,000
3,441,204,000
25,017,877,360
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%
12.62%
7.39%
7.15%
51.95%
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
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
131

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-12
Jan-13
Jan-14
Jan-15
Jan-16

210%
180%
150%
135.8%
120%
103.1%
90%
60%
30%
19.6%
-30%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
11,909
3,536
218
246
26,640
8,934
480
244
19,148
7,765
674
242
30,404
13,785
892
244
1,568
723
70
20
880
170
225
225
430
220
270
270
555
261
515
515
565
313
496
496
505
418
448
448
11.48
9.57
3.17
14.14
16.29
4.57
18.93
18.66
2.53
17.10
17.68
2.28
Price (Rupiah)
High
Low
Close
Close*
14.14
PER (X)
17.34
PER Industry (X)
3.46
PBV (X)
132
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Pakuwon Jati Tbk. [S]
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
810
870
880
210
205
194
235
230
275
305
280
245
Low
740
780
199
196
187
170
194
200
215
250
215
215
Close
790
820
205
205
188
194
225
225
270
280
230
225
(X)
16,231
19,327
14,461
14,165
10,811
13,375
25,803
12,187
16,415
34,467
20,718
19,586
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
545
565
555
535
475
455
451
422
378
464
468
505
462
481
486
435
417
372
390
313
328
329
408
416
499 112,556
550
69,429
515
85,765
438
90,113
442
92,895
430
85,264
415
61,440
380
60,816
331
53,599
426
78,340
461
54,174
47,304
496
6,716,000
2,561,866
2,978,488
2,140,590
3,477,942
2,619,761
1,756,072
2,245,579
1,480,527
2,154,735
1,081,725
1,190,925
3,274,163
1,316,795
1,509,847
1,061,334
1,530,904
1,091,585
737,236
826,986
524,279
876,440
481,291
554,015
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
505
418
448
1,567,648
723,416
20
69,744

1,093,273
738,333
240,501
198,973
169,374
233,067
77,176
384,695
272,709
53,115
281,939
51,964
795,941
169,716
1,099,613
241,673
610,396
146,478
1,312,257
361,147
4,744,453 1,132,903
839,838
195,609
21
21
21
20
21
21
22
19
20
22
20
18

Book End : December
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
621,021
1,315,146
2,126,206
2,809,034
2,071,164
Receivables
116,796
138,509
166,915
303,348
301,528
Inventories
3,121
1,262,136
1,051,081
1,671,766
2,254,347
Investment
2,033,472
216
268,531
20,971
18,056
Fixed Assets
1,659,292
844,548
673,096
964,375
1,457,275
11
20,725
3,337
BALANCE SHEET
Other Assets
Total Assets
Assets
14
11
5,744,711
7,565,820
Trade Payable
Total Liabilities
16,000
12,000
8,000
31.70%
22.90%
80.36%
11.97%
4,000
1,085,338
1,925,967
1,764,389
1,470,681
2,187,371
65,241
33,929
54,754
133,697
198,259
3,371,576
4,431,284
5,195,737
8,487,672
9,323,066
31.43%
17.25%
63.36%
9.84%
Growth (%)
Bank Payable
9,298,245 16,770,743 18,778,122
Growth (%)
Liabilities
20,000
2011
2012
2013
2014
Dec-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

Par Value
Retained Earnings
Total Equity
12,040
48,160
48,160
48,160
100
25
25
25
25
667,748
1,345,905
2,310,166
1,607,954
5,654,568
2,373,135
3,134,536
4,102,509
8,283,071
9,455,056
32.08%
30.88%
101.90%
14.15%
Growth (%)
INCOME STATEMENTS
Total Revenues
48,160
7,154
5,321
3,487
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
1,478,105
2,165,397
3,029,797
3,872,273
4,625,053
46.50%
39.92%
27.81%
19.44%
1,956,525
Growth (%)
Cost of Revenues
743,405
931,477
1,264,879
1,714,248
Gross Profit
734,700
1,233,920
1,764,919
2,158,025
2,668,528
Operating Expenses
264,829
332,815
433,727
-701,281
1,243,386
Operating Profit
9,455
8,283
8,988
4,103
2,373
3,135
1,654
-180
2011
2012
2013
2014
Dec-15

4,625
Growth (%)
3,872
3,872

Income before Tax
Tax
469,871
901,105
1,331,192
2,859,306
1,425,142
91,339
134,609
194,644
260,165
24,588
766,496
1,136,548
2,599,141
1,400,554
102.49%
48.28%
128.69%
-46.11%
378,531
Growth (%)
3,030
3,082
2,165
2,292
1,478
1,502
712
Period Attributable
346,859
747,989
1,132,820
2,515,505
1,261,887
378,531
766,496
1,136,548
2,597,079
1,408,606
346,859
747,989
1,132,820
2,513,443
1,269,203
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
1.45
3.50
4.50
4.50
EPS (Rp)
28.81
15.53
23.52
52.23
26.20
BV (Rp)
197.11
65.09
85.19
171.99
196.33
DAR (X)
0.59
0.59
0.56
0.51
0.50
DER(X)
1.42
1.41
1.27
1.02
0.99
ROA (%)
6.59
10.13
12.22
15.50
7.46
ROE (%)
15.95
24.45
27.70
31.38
14.81
GPM (%)
49.71
56.98
58.25
55.73
57.70
OPM (%)
NPM (%)
Dividend (Rp)
25.61
35.40
37.51
67.12
30.28
Payout Ratio (%)
5.03
22.53
19.13
8.62
Yield (%)
0.19
1.56
1.67
0.87
-77
2011
2012
2013
2014
Dec-15

2,599
2,599
2,069
1,401
1,539
1,137
766
1,008
379
478
-52
2011
2012
2013
2014
Dec-15
133
COMPANY REPORT
SCMA
SURYA CITRA MEDIA TBK.
Company Profile
The Company was formed on 29 January 1999 to operate as a holding company for
multimediaservicesaswellasconsultancyservicesinthemediaandrelatedbusiness.The
mainpurposebehinditscreation,however,wastobroadenthehorizonsofPTSuryaCitra
Televisi(SCTV),oneofthelargestTVbroadcastingstationsinIndonesia,today.
As a media broadcasting company, SCTV is restricted by law to operate solely and
exclusively as a broadcasting company for which it was licenced for. Yet, the business
prospects of an integrated multimedia services group are simply too promising to be
ignored.
Hence,theestablishmentofTheCompanysignifiedtheemergenceofahighlyprospective
multimedia group with longterm growth opportunities. The Company subsequently
acquired 100% share of SCTV over a period of time between November 2001 and April
2002,andwentpublicinJuly2002.
PT Elang Mahkota Teknologi Tbk. is the ultimate parent entity of the Company and its
subsidiaries.
SubsidiariesdirectlyownedbytheCompanyareasfollows:
PTSuryaCitraTelevisi(SCTV),
PTIndosiarVisualMandiri,
PTScreenplayProduksi,
PTBangkaTeleVision,
PTSuryaCitraPesona,
PTSuryaTrioptimaMultikreasi,
PTSuryaCitraGelora,and
PTIndonesiaEntertainmenGroup.
Asof31December2015,theCompanyandSubsidiarieshave2,785employees.
February 2016
Disclaimer:
134
SCMA SuryaCitraMediaTbk.
Main Board
Industry Sub Sector : Advertising, Printing And Media (95)
Individual Index
:
Listed Shares
:
1,227.273
14,621,601,234
39,478,323,331,800
21 | 39.5T | 0.81% | 62.89%

40 | 9.97T | 0.73% | 72.75%
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
Gilang Iskandar
HEAD OFFICE
SCTV Tower -Senayan City
Jln. Asia Afrika Lot. 19
Jakarta 10270
Phone : (021) 279-35599
Fax
: (021) 279-35598
Homepage
Email

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
2015
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
55.00
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
03-Dec-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
04-Dec-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
08-Dec-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
22-Dec-15
F/I
I
F
F
F
F
F
I
I
F
F
F
F
I
F
I
F
F
I
F
F
I
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
: www.scm.co.id
: gilang.iskandar@indosiar.com
135
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-12
Jan-13
Jan-14
Jan-15
Jan-16

175%
150%
125%
100%
75%
66.7%
50%
33.4%
25%
18.1%
-25%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
515
3,288
14
242
2,475
6,569
99
242
4,606
15,573
563
242
3,374
10,697
675
244
236
681
57
20
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
2,285
3,100
3,100
3,320
2,625
2,700
2,700
29.99
15.42
13.76
34.72
22.13
16.34
29.75
12.43
13.28
25.91
12.79
11.56
Price (Rupiah)
High
Low
Close
Close*
24.03
PER (X)
19.08
PER Industry (X)
10.02
PBV (X)
136
2015 Jan-16
Closing Price
Freq.
Low Close
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
Volume
Value
Day
TRADING ACTIVITIES

Surya Citra Media Tbk.
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
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
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
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
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
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
3,730
4,040
3,680
3,470
3,240
3,700
3,130
2,920
2,845
3,450
3,455
3,185
3,205
3,325
3,150
2,710
2,875
2,750
2,800
2,285
2,470
2,645
2,950
2,950
3,415
3,650
3,395
2,900
3,090
2,875
2,950
2,730
2,740
2,925
3,030
3,100
62,923
72,671
70,054
55,063
47,429
52,981
40,018
57,267
43,883
60,159
65,032
47,180
408,147
383,350
418,705
425,381
179,558
236,568
146,752
316,060
189,189
240,686
232,719
197,277
1,407,805
1,392,435
1,451,881
1,395,129
548,669
693,372
432,260
823,566
491,120
716,870
740,646
603,671
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
3,320
2,625
2,700
56,917
235,608
681,337
20
(X)
712
589
900
568
1,139
627
1,960
842
1,809
1,481
1,712
1,865

6,653
57,811
8,775
77,400
16,027
136,459
21,942
184,003
87,104
752,304
82,791
9,114
116,666 1,168,577
10,523
107,052
13,824
143,872
134,399
20,626
131,821
278,835
71,973
164,575
20
20
21
20
21
19
22
19
20
22
20
18
Book End : December
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
716,717
927,423
1,043,283
1,246,109
685,722
Receivables
627,045
721,898
1,014,685
1,291,374
1,411,872
Inventories
164,427
222,674
374,639
462,439
532,656
1,534,252
1,917,041
2,570,167
3,200,366
2,843,500
328,681
326,717
724,970
761,978
962,114
BALANCE SHEET
Current Assets
Fixed Assets
Other Assets
Total Assets
Assets
Current Liabilities
Total Liabilities
4,000
3,000
17,323
17,729
22,115
27,969
29,919
2,511,222
2,893,172
4,010,166
4,728,436
4,565,964
15.21%
38.61%
17.91%
-3.44%
1,000
971,757
416,149
705,700
819,158
860,470
35,194
288,585
515,010
431,090
291,818
1,006,950
704,733
1,220,709
1,250,248
1,152,288
-30.01%
73.22%
2.42%
-7.84%
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 (%)
Growth (%)
Liabilities
5,000
2,000
2011
2012
2013
2014
Dec-15

Authorized Capital
Paid up Capital
Par Value
Retained Earnings
Total Equity
467,143
1,136,538
184,867
2,432,821
2,100,622
1,504,271
2,188,439
2,789,457
3,478,188
3,413,676
45.48%
27.46%
24.69%
-1.85%
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
2,306,735
2,240,085
3,694,748
4,055,702
4,237,980
-2.89%
64.94%
9.77%
4.49%
Growth (%)
Cost of Revenues
Gross Profit
4,237,980
Expenses (Income)
1,083,940
1,035,222
1,935,962
2,138,831
2,223,431
Operating Profit
1,222,795
1,204,863
1,758,786
1,916,871
2,014,548
-1.47%
45.97%
8.99%
5.10%
-19,447
-5,396
5,309
221
23,918
Growth (%)
1,203,347
1,199,467
1,764,095
1,917,092
2,038,467
Tax
290,760
286,455
448,139
468,818
513,470
912,588
913,013
1,285,897
1,448,274
1,521,586
0.05%
40.84%
12.63%
5.06%
Income before Tax
Growth (%)
3,821
3,478
3,414
2014
Dec-15
2,789
3,042
2,188
2,262
1,504
1,483
703
-76
2011
2012
2013

3,695
4,056
4,238
4,056
3,228
2,307
2,240
2011
2012
2,401
1,574
746
Period Attributable
912,705
913,013
1,280
1,453,644
1,523,524
912,588
913,013
1,285,897
1,448,274
1,539,245
912,705
913,013
1,280
1,453,644
1,540,528
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Current Ratio (%)
157.88
460.66
364.20
390.69
330.46
Dividend (Rp)
160.00
48.00
66.00
70.00
55.00
EPS (Rp)
471.83
93.64
0.09
99.42
104.20
BV (Rp)
777.64
224.46
190.78
237.88
233.47
DAR (X)
0.40
0.24
0.30
0.26
0.25
DER(X)
0.67
0.32
0.44
0.36
0.34
ROA (%)
36.34
31.56
32.07
30.63
33.32
ROE (%)
60.67
41.72
46.10
41.64
44.57
GPM (%)
100.00
OPM (%)
53.01
53.79
47.60
47.26
47.54
NPM (%)
39.56
40.76
34.80
35.71
35.90
Payout Ratio (%)
33.91
51.26
75,411.53
70.41
52.78
2.04
2.13
2.51
2.00
1.77
Yield (%)
-81
2013
2014
Dec-15

1,522
1,448
1,286
1,448
1,153
913
913
2011
2012
857
562
266
-29
2013
2014
Dec-15
137
COMPANY REPORT
SILO
SILOAM INTERNATIONAL HOSPITALS 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
the last of the parent entity is PT Lippo Karawaci Tbk. As of December 31st, 2015, the
Companyanditssubsidiarieshave6,974employees.
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.
February 2016
Disclaimer:
138
SILO SiloamInternationalHospitalsTbk.[S]
Main Board
Industry Sub Sector : Healthcare (96)
Individual Index
:
Listed Shares
:
100.278
1,156,100,000
10,433,802,500,000
68 | 10.4T | 0.21% | 81.70%

21 | 15.8T | 1.16% | 55.42%
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. Lee Heok Seng
2. Farid Harianto *)
3. Jenny Kuistono
4. Jonathan L. Parapak *)
5. Niel Byron Nielson *)
6. 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. Budi Raharjo Legowo
5. Caroline Riady
6. George Mathew
7. Grace Frelita Indradjaja
8. Kailas Nath Raina
9. Norita Alex
AUDIT COMMITTEE
1. Farid Harianto
2. Lie 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
139
Closing
Price*
TRADING ACTIVITIES
Volume
(Mill. Sh)
Closing Price
Freq.
Volume
Value
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
75%
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
14,000
13,700
13,950
14,425
15,775
14,725
16,900
17,100
16,125
12,800
10,900
10,100
13,000
11,875
12,100
11,775
13,525
12,900
13,750
13,300
11,875
10,600
8,600
9,200
13,400
12,225
13,400
14,200
14,100
14,400
16,550
15,100
12,375
10,900
9,350
9,800
4,003
10,078
11,484
15,284
11,773
9,926
11,867
14,693
15,726
24,524
29,218
14,987
38,835
170,719
163,986
101,180
35,093
55,724
86,497
89,557
93,451
171,992
91,906
65,835
525,611
2,111,214
2,151,398
1,334,178
515,396
777,670
1,309,069
1,357,868
1,396,429
2,127,918
886,800
641,116
21
19
22
21
19
21
19
20
21
21
21
19
60%
Jan-16
9,775
8,525
9,025
11,368
132,257
1,222,054
20
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
Sep-15

September 2013 - January 2016
105%
90%
45%
30%
15%
5.9%
2.5%
-6.5%
-15%
Sep 13
Mar 14
Sep 14
Mar 15
Sep 15
2013
2014
435
4,385
15
72
1,718
20,751
80
242
1,165
15,135
174
244
132
1,222
11
20
11,050
9,050
9,500
9,500
17,500
9,200
13,700
13,700
17,100
8,600
9,800
9,800
9,775
8,525
9,025
9,025
220.23
PER (X)
15.42
PER Industry (X)
6.70
PBV (X)
218.72
22.13
9.38
160.94
12.43
6.51
148.21
12.79
6.00
SHARES TRADED
Value (Billion Rp)
Frequency (Thou. X)
Days
Price (Rupiah)
High
Low
Close
Close*
140
2015 Jan-16
Low Close
9,050 10,400
9,950 10,150
9,050 9,600
9,250 9,500
Day

Siloam International Hospitals Tbk. [S]
September 2013 - January 2016
(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
Dec-15
168,708
515,438
279,959
159,848
Receivables
187,067
270,802
392,646
575,227
Inventories
75,352
94,831
105,858
140,434
Current Assets
456,737
907,465
840,797
956,093
Fixed Assets
865,292
1,402,270
1,589,307
1,553,307
BALANCE SHEET
Dec-11
Assets
Other Assets
Total Assets
1,800
33,310
13,398
3,263
2,600,775
2,844,086
2,986,270
63.96%
9.36%
5.00%
600
-
267,633
295,921
478,163
629,788
1,073,752
665,862
712,254
616,530
Total Liabilities
1,341,585
961,783
1,190,417
1,246,319
-28.31%
23.77%
4.70%
Current Liabilities
2,400
1,586,226
Growth (%)
Growth (%)
Liabilities
3,000
1,200
2012
2013
2014
2015

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
364,490
Total Equity
244,641
1,638,992
1,653,669
1,739,952
569.96%
0.90%
5.22%
Growth (%)
INCOME STATEMENTS
Dec-11
Total Revenues
Dec-12
Dec-13
Dec-14
Dec-15
1,788,083
2,503,600
3,340,793
4,144,118
40.02%
33.44%
24.05%
Growth (%)
1,343,268
1,844,902
2,388,731
2,967,572
Gross Profit
444,815
658,698
952,062
1,176,547
Expenses (Income)
353,346
580,013
818,210
1,018,481
91,468
78,685
133,852
158,066
-13.98%
70.11%
18.09%
Cost of Revenues
Operating Profit
Growth (%)
1,740
1,639
1,654
2013
2014
1,740
1,385
1,030
675
320
245
-35
2012
2015

4,144
4,144
3,341
3,299
-14,447
-6,924
-40,346
-52,319
Income before Tax
77,022
71,761
93,506
105,747
Tax
25,062
21,569
33,799
44,041
51,960
50,192
59,707
61,706
-3.40%
18.96%
3.35%
Growth (%)
2,504
2,453
1,788
1,608
763
Period Attributable
50,461
49,870
62,569
70,396
51,960
50,192
59,707
86,133
50,461
49,870
62,569
95,106
Dec-12
Dec-13
Dec-14
Dec-15
170.66
306.66
175.84
151.81
5.20
RATIOS
Current Ratio (%)
Dividend (Rp)
Dec-11
EPS (Rp)
50.46
43.14
54.12
60.89
BV (Rp)
244.64
1,417.69
1,430.39
1,505.02
DAR (X)
0.85
0.37
0.42
0.42
DER(X)
5.48
0.59
0.72
0.72
ROA (%)
3.28
1.93
2.10
2.07
ROE (%)
21.24
3.06
3.61
3.55
GPM (%)
24.88
26.31
28.50
28.39
OPM (%)
5.12
3.14
4.01
3.81
NPM (%)
2.91
2.00
1.79
1.49
Payout Ratio (%)
9.61
Yield (%)
0.04
-83
2012
2013
2014
2015

60
62
2014
2015
62
52
50
2012
2013
49
37
24
11
-1
141
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.
AsofDecember31st,2015,theCompanyanditssubsidiarieshad6,981employees.
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,
In 2014 The Company obtain an award given by the Economic News media through 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.
February 2016
Disclaimer:
142
SMGR SemenIndonesia(Persero)Tbk.[S]
Main Board
Industry Sub Sector : Cement (31)
Individual Index
:
Listed Shares
:
3,845.110
5,931,520,000
65,543,296,000,000
12 | 65.5T | 1.34% | 53.08%

14 | 20.7T | 1.51% | 46.07%
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
143
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-12
Jan-13
Jan-14
Jan-15
Jan-16

75%
60%
45%
30%
18.1%
15%
-0.5%
-1.1%
-15%
-30%
-45%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
2,149
26,942
296
246
2,548
39,111
497
244
2,173
33,878
715
242
1,883
23,068
747
244
160
1,709
57
20
Price (Rupiah)
High
Low
Close
Close*
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
7,100
11,400
11,400
11,475
10,000
11,050
11,050
15.63
6.83
3.85
17.63
16.60
4.09
14.96
5.33
2.46
14.50
6.00
2.39
19.09
PER (X)
9.79
PER Industry (X)
5.18
PBV (X)
144
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Semen Indonesia (Persero) Tbk. [S]
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
12,950
11,700
12,650
12,650
12,400
11,650
13,600
13,500
14,550
15,300
15,300
16,950
Low
10,750
10,400
11,050
11,600
10,400
9,900
11,250
11,700
12,100
14,000
14,200
14,400
Close
11,300
11,250
12,250
12,150
10,950
11,300
12,950
12,400
14,450
14,900
14,800
15,850
(X)
31,022
29,475
23,712
17,193
23,702
24,678
25,606
24,809
22,738
20,580
19,316
33,063
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
16,475
15,150
14,950
13,875
13,500
13,575
12,350
10,300
10,500
11,300
11,775
11,500
13,950
14,350
12,525
12,400
12,500
11,800
9,900
7,100
8,100
9,050
9,625
10,275
14,575
14,875
13,650
12,500
13,450
12,000
10,100
9,250
9,050
9,800
10,625
11,400
86,580
52,352
70,512
56,978
45,572
46,571
55,477
75,560
66,098
69,272
66,730
55,352
270,215
153,045
170,929
172,031
155,975
92,958
119,013
175,405
150,962
158,028
144,770
119,304
4,033,800
2,256,306
2,401,500
2,302,086
2,054,754
1,178,852
1,330,665
1,544,000
1,445,208
1,648,908
1,571,643
1,300,428
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
11,475 10,000 11,050
57,333
159,850
1,708,818
20

210,657 2,414,273
290,757 3,283,417
156,721 1,871,958
134,207 1,629,480
217,770 2,436,384
150,083 1,665,904
178,845 2,139,748
148,524 1,869,739
153,409 2,076,999
167,042 2,442,691
158,215 2,325,714
183,180 2,785,728
21
21
21
20
21
21
22
19
20
22
20
18
Book End : December
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
3,375,645
3,081,102
4,108,092
4,925,950
3,964,018
Receivables
1,864,177
2,522,529
2,916,062
3,432,557
3,628,641
Inventories
2,006,660 22,849,053
2,645,893
2,811,704
2,408,974
Current Assets
7,646,145
9,972,110 11,648,545 10,538,704
BALANCE SHEET
Fixed Assets
Other Assets
Total Assets
Assets
8,231,297
11,640,692 16,794,115 18,862,518 20,221,067 25,167,683

18,029
54,223
224,136
326,264
360,109
19,661,603 26,579,084 30,792,884 34,314,666 38,153,119
Growth (%)
23,250
15,500
15.85%
11.44%
11.19%
7,750
-
2,889,137
4,825,205
5,297,631
5,273,269
6,599,190
2,157,369
3,589,025
3,691,278
4,038,945
4,113,131
Total Liabilities
5,046,506
8,414,229
8,988,908
9,312,214 10,712,321
66.73%
6.83%
3.60%
15.04%
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 (%)
31,000
35.18%
Current Liabilities
Liabilities
38,750
2011
2012
2013
2014
2015

Authorized Capital
Paid up Capital
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
21,804
21,843
12,407,396 15,291,927 18,480,911 21,630,157 23,814,977

14,615,097 18,164,855 21,803,976 25,002,452 27,440,798
Growth (%)
Total Revenues
27,441
Dec-11
24.29%
20.03%
14.67%
9.75%
Dec-12
Dec-13
Dec-14
Dec-15
25,002
27,441
16,245
18,165
14,615
10,647
5,049
16,378,794 19,598,248 24,501,241 26,987,035 26,948,004
19.66%
Growth (%)
25.02%
10.15%
-0.14%
Cost of Revenues
8,891,868 10,300,667 13,557,147 15,388,431 16,302,008
Gross Profit
7,486,926
9,297,581 10,944,094 11,598,604 10,645,996
Expenses (Income)
2,594,794
3,116,058
4,023,694
4,507,838
4,795,073
Operating Profit
4,892,131
6,181,524
26.36%
Growth (%)
-549
2011
105,931
Income before Tax
5,089,952
6,287,454
Tax
1,134,680
1,360,814
3,955,273
4,926,640
24.56%
Growth (%)
6,920,400
7,090,766
5,850,923
1,566,101
1,517,189
1,325,482
5,354,299
5,573,577
4,525,441
8.68%
4.10%
-18.81%
2014
2015
26,987
26,948
2014
2015
24,501
26,987
2013
19,598
21,482
197,821
2012
16,379
15,976
10,471
4,966
Period Attributable
3,925,442
4,847,252
5,370,247
5,565,858
4,521,491
3,960,605
4,924,791
5,852,023
5,587,346
4,662,164
3,930,774
4,845,403
5,716,493
5,576,106
4,599,417
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Current Ratio (%)
264.65
170.59
188.24
220.90
159.70
Dividend (Rp)
330.89
367.74
407.42
375.34
RATIOS
661.79
817.20
905.37
938.35
762.28
BV (Rp)
2,463.97
3,062.43
3,675.95
4,215.18
4,626.27
DAR (X)
0.26
0.32
0.29
0.27
0.28
DER(X)
0.35
0.46
0.41
0.37
0.39
ROA (%)
20.12
18.54
17.39
16.24
11.86
ROE (%)
27.06
27.12
24.56
22.29
16.49
GPM (%)
45.71
47.44
44.67
42.98
39.51
OPM (%)
29.87
31.54
NPM (%)
24.15
25.14
21.85
20.65
16.79
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

4,927
5,574
4,437
5,354
5,574
4,525
3,955
3,300
2,163
1,026
-111
2011
2012
2013
2014
2015
145
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, shopping centers, office facilities, as well as a means supporting. The Company
started commercial operations in 1976. PT Semarop Agung was the last of the parent
entityoftheCompany.
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 2,328 permanent
employeesatDecember31,2015.
February 2016
Disclaimer:
146
SMRA Summarecon Agung Tbk. [S]

Main Board
Individual Index
:
Listed Shares
:
2,374.302
14,426,781,680
20,846,699,527,600
38 | 20.8T | 0.43% | 72.86%

26 | 15.0T | 1.10% | 60.96%
COMPANY HISTORY
Established Date
: 26-Nov-1975
Listing Date
: 07-May-1990
Under Writer IPO :
PT Multicor
Jln. Johar No. 18
Phone : (021) 314-0032, 390-5920, 390-0645
Fax
: (021) 314-0185, 390-0652, 390-0671
1. Soetjipto Nagaria
2. Edi Darnadi *)
3. Esther Melyani Homan *)
4. Harto Djojo Nagaria
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 Andi Mancianno
3. Neneng Martini
CORPORATE SECRETARY
Michael Yong
HEAD OFFICE
Jln. Perintis Kemerdekaan No. 42
Jakarta Timur
Phone : (021) 471-4567
Fax
: (021) 489-2976
Homepage
Email
: www.summarecon.com
: corp_secretary@summarecon.com

1. PT Semarop Agung
2. PT Semarop Agung
3. PT Sinarmegah Jayasentosa
4. BNYM SA/NV AS Cust of Stichtin
5. Public (<5%)
1,855,985,872
1,812,802,632
942,080,224
810,000,000
9,005,912,952
Bonus
Cash
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
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
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
:
:
:
:
:
12.86%
12.57%
6.53%
5.61%
62.42%
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
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
ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Type of Listing
First Issue
Partial Listing
Bonus Shares
Stock Dividend
Company Listing
Stock Dividen
Stock Split
Right Issue
Warrant
Shares
6,667,000
16,666,700
11,282,833,556
6,000,000
64,999,300
50,345,760
1,664,183,040
433,926,000
459,014,453
442,145,871
T:
T:
T:
T:
T:
Listing
Date
07-May-90
26-Jan-94
24-Mar-94
12-Sep-94
17-Jan-95
19-Aug-96
11-Nov-96
17-Nov-05
25-Jul-07
17-Jan-08
:
:
:
:
Trading
Date
07-May-90
26-Jan-94
15-Jul-13
12-Sep-94
17-Jan-95
02-Aug-02
12-Aug-02
23-Oct-12
25-Jul-07
25-Jun-10
147

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-12
Jan-13
Jan-14
Jan-15
Jan-16

245%
210%
175%
140%
136.9%
105%
103.1%
70%
35%
19.6%
-35%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
2,879
4,594
109
246
6,799
9,117
262
244
6,517
7,826
363
242
9,191
15,247
769
244
566
855
50
20
Price (Rupiah)
High
Low
Close
Close*
2,100
1,100
1,900
950
3,050
660
780
780
1,615
745
1,520
1,520
2,000
950
1,650
1,650
1,645
1,405
1,445
1,445
10.21
9.57
2.42
18.61
16.29
4.00
27.84
18.66
3.16
24.38
17.68
2.77
SHARES TRADED
17.30
PER (X)
17.34
PER Industry (X)
3.59
PBV (X)
148
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Summarecon Agung Tbk. [S]
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
1,400
1,320
1,610
1,870
1,830
1,620
1,700
1,660
1,690
1,750
2,000
2,100
Low
1,170
1,100
1,250
1,570
1,420
1,370
1,530
1,380
1,470
1,610
1,730
1,820
Close
1,200
1,290
1,570
1,730
1,420
1,620
1,620
1,470
1,680
1,750
1,920
1,900
(X)
6,429
7,872
9,064
17,128
12,631
7,451
7,648
7,030
7,395
5,768
9,139
11,641
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
1,760
1,880
1,835
1,975
2,000
1,975
1,815
1,830
1,640
1,695
1,620
1,665
1,470
1,605
1,585
1,705
1,735
1,560
1,600
1,385
950
1,095
1,325
1,415
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
1,620
53,561
1,120
78,406
1,395
63,272
1,550
63,590
1,650
44,026
660,999
505,458
1,055,330
998,159
1,677,754
728,188
341,149
390,321
894,023
811,318
767,749
360,941
1,064,832
887,016
1,768,316
1,851,732
3,207,244
1,287,622
585,689
624,401
1,149,029
1,134,834
1,124,852
561,552
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
1,645
1,405
1,445
566,338
855,165
20
49,545

134,454
169,578
229,937
286,861
274,582
391,369
854,547 1,410,931
270,187
441,513
150,482
226,314
137,647
221,865
113,212
178,266
122,714
195,074
222,532
373,493
188,716
349,843
180,261
349,136
21
21
21
20
21
21
22
19
20
22
20
18

Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
1,495,901
2,427,999
2,544,845
1,695,077
1,503,546
Assets
Receivables
82,776
138,931
275,967
85,514
152,036
Inventories
2,741,082
2,819,764
3,058,266
3,103,252
4,924,807
Investment
1,929,125
3,699
284,282
304,427
282,418
351,832
366,762
420,472
254,769
67,756
144,088
167,750
Fixed Assets
Other Assets
Total Assets
8,099,175 10,876,387 13,659,137 15,379,479 18,758,262
Growth (%)
8,000
12.59%
21.97%
4,000
-
841,780
822,823
1,911,032
2,698,704
3,721,447
246,765
184,225
63,235
64,656
63,007
5,622,075
7,060,987
9,001,470
25.59%
27.48%
4.28%
19.62%
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
4,545,366
Total Equity
2,477,100
3,815,400
4,657,667
5,992,636
7,529,750
54.03%
22.08%
28.66%
25.65%
Growth (%)
12,000
25.59%
Trade Payable
Total Liabilities
16,000
34.29%
Bank Payable
Liabilities
20,000
2011
2012
2013
2014
Dec-15
9,386,843 11,228,512
Authorized Capital
Paid up Capital
Par Value
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
2,359,331
3,463,163
4,093,789
5,333,593
5,623,561
46.79%
18.21%
30.28%
5.44%
2,716,756
Growth (%)
Cost of Revenues
1,312,185
1,871,176
1,943,287
2,545,542
Gross Profit
1,047,145
1,591,987
2,150,503
2,788,051
2,906,805
Operating Expenses
482,671
581,085
803,365
929,013
1,115,408
Operating Profit
564,475
1,010,901
1,347,138
1,859,038
1,791,397
79.09%
33.26%
38.00%
-3.64%
Growth (%)
-33,559
-24,507
-27,712
-174,939
-409,214
Income before Tax
530,916
986,395
1,319,425
1,684,099
1,382,183
Tax
142,209
194,309
223,537
296,582
318,103
388,707
792,086
1,095,888
1,387,517
1,064,080
103.77%
38.35%
26.61%
-23.31%
Growth (%)
7,530
7,316
5,993
5,823
4,658
3,815
4,331
2,839
2,477
1,346
-146
2011
2012
2013
2014
Dec-15

5,624
5,334
5,334
4,094
4,246
3,463
3,157
2,359
2,069
981
Period Attributable
392,019
797,814
1,102,177
1,398,294
855,186
388,707
792,086
1,095,888
1,387,517
1,086,441
392,019
787,814
1,102,177
1,398,294
877,547
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Dividend (Rp)
23.00
43.00
23.00
EPS (Rp)
57.04
110.60
76.40
96.92
59.28
BV (Rp)
360.40
528.93
322.85
415.38
521.93
DAR (X)
0.69
0.65
0.66
0.61
0.60
DER(X)
2.27
1.85
1.93
1.57
1.49
ROA (%)
4.80
7.28
8.02
9.02
5.67
ROE (%)
15.69
20.76
23.53
23.15
14.13
GPM (%)
44.38
45.97
52.53
52.27
51.69
OPM (%)
23.93
29.19
32.91
34.86
31.86
NPM (%)
16.48
22.87
26.77
26.01
18.92
Payout Ratio (%)
40.33
38.88
30.11
1.85
2.26
2.95
Yield (%)
-107
2011
2012
2013
2014
Dec-15

1,388
1,388
1,096
1,064
1,104
792
821
538
389
255
-28
2011
2012
2013
2014
Dec-15
149
CC O
OM
M PP A
AN
N YY RR EE PP O
O RR TT
SRIL
SRI REJEKI ISMAN TBK.
Company Profile
PTSriRejekiIsmanTbk.wasestablisheddatedMay22,1978inSurakarta.Thescopeof
majoractivitiesoftheCompanyconsistsofspinning,weaving,dyeing,printing,finishingof
fabricandmanufacturingofgarments.TheCompanystarteditscommercialoperationsin
1978.
TheCompanysvisionistobethelargest,mostreputableandtrustedglobaltextileand
garmentproducer.TheBiggestIntegratedVerticalTextileGarmentProducerInSouthEast
Asia.Sritexhasachievedaglobalrecognition&serves55countriesworldwide
Sritex,currentlyexports48percentofitsproductstoaround30countriesinAsia,including
PapuaNewGuineaandTimorLeste,theMiddleEast,includingtheUAEandQatar,Europe,
includingGermany,Sweden,NorwayandtheNetherlands,theUSandAfrica.Forfurther
expandmarket,Sritexwillexporttoatleastfivemorecountriesinabidtoboostitstotal
revenuesbyaminimum10percentthisyear.
Sritexsversatilityhasenabledittopenetratetheinternationalfashionmarketwithitstop
notch international highfashion clientele of more than 100 household name brands.
Sritexsclientlistincludeprominentplayersinthefashionsceneallacrosstheglobe,from
childrens lines, retailers such as Walmart and Sears, to big fashion lines such as Guess,
H&Mandmanymore.Highqualitytranslatestohighcustomerretention,alotofSritexs
customerreturnstoSritexandbecomespartnerstodeveloptheirproductsanddesign.
EcologicalprotectionisthekeydriverbehindSritexsinnovationonwastewatertreatment.
Sritex continuously improves its technologies of waste water treatment in aiding the
processofresidualwasteandtoensureitsaccordancetotheinternationalenvironmental
regulations.
TheCompanyhave2directownershipsubsidiaries,PTSinarPantjaDjajaandGoldenLegacy
Pte. Ltd., and Indirect subsidiary is Golden Mountain Textile and Trading Pte. Ltd. As of
December 31, 2015, the Company and its Subsidiary had a total number of 17,862
employees.
February 2016
Disclaimer:
150
SRIL
SriRejekiIsmanTbk.
Main Board
Industry Sector : Miscellaneous Industry (4)
Industry Sub Sector : Textile, Garment (43)
Individual Index
:
Listed Shares
:
110.833
18,592,888,040
4,945,708,218,640
131 | 4.95T | 0.10% | 90.96%

24 | 15.2T | 1.11% | 58.76%
COMPANY HISTORY
Established Date
: 22-May-1978
Listing Date
: 17-Jun-2013
Under Writer IPO :
Phone : (021) 2974-5222

Fax
:

1. PT Huddleston Indonesia
2. PT Prudential Life Assurance-Ref
3. Public (<5%)
10,425,274,040 :
1,275,820,700 :
6,891,793,300 :
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%
6.86%
37.07%
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
151
SriRejekiIsmanTbk.
TRADING ACTIVITIES

Sri Rejeki Isman Tbk.
June 2013 - January 2016
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
Dec-15

Miscellaneous Industry Index
June 2013 - January 2016
100%
80%
60%
40%
20%
6.4%
-3.3%
-13.0%
-20%
-40%
-60%
Jun 13
Dec 13
Jun 14
Dec 14
Jun 15
Dec 15
SHARES TRADED
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
7,913
1,980
41
131
12,586
2,389
313
242
47,178
14,532
1,303
244
3,099
1,030
163
20
330
196
245
245
303
120
163
163
497
148
389
389
417
256
266
266
14.71
13.91
1.96
8.58
14.44
1.19
9.42
3.24
1.89
6.44
3.78
1.30
Price (Rupiah)
High
Low
Close
Close*
PER (X)
PER Industry (X)
PBV (X)
152
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
SRIL
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
180
166
270
279
350
349
497
495
417
417
398
395
149
148
152
229
271
269
304
283
316
366
323
350
155
153
229
271
339
303
470
325
384
379
372
389
26,148
28,613
167,822
112,951
114,262
104,878
231,373
244,239
93,795
50,890
49,201
78,428
1,994,729
2,051,613
8,131,661
7,701,622
3,327,174
2,929,507
8,903,014
6,980,305
2,335,340
918,404
727,982
1,176,910
315,639
319,408
1,742,646
1,977,162
1,073,958
934,877
3,580,929
2,660,259
844,763
362,221
269,862
450,095
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
417
256
266 162,832
3,099,188
1,029,980
20

3,348,240
805,220
89,744
410,603
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
SriRejekiIsmanTbk.
Book End : December
Public Accountant : Tanubrata Sutanto Fahmi & Rekan (Member of BDO International Limited)
Dec-13
Dec-14
Dec-15
74,440
1,014,831
1,130,591
Receivables
741,126
1,607,225
1,497,681
Inventories
1,458,638
1,362,611
1,990,249
Current Assets
2,342,148
4,005,530
4,736,230
Fixed Assets
3,047,672
4,011,821
6,461,933
51,636
BALANCE SHEET
Dec-11
Dec-12
Assets
15,982
Other Assets
5,590,982
Total Assets
8,691,096 11,481,513
55.45%
Growth (%)
6,900
4,600
2,300
-
2,232,337
751,756
984,296
1,039,045
5,041,546
6,441,022
Total Liabilities
3,271,382
5,793,302
7,425,318
77.09%
28.17%
Growth (%)
9,200
32.11%
Current Liabilities
Liabilities
11,500
2013
2014
Dec-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

Par Value
Retained Earnings
Total Equity
333,784
945,521
1,792,408
2,319,599
2,897,795
4,056,195
24.93%
39.98%
Growth (%)
INCOME STATEMENTS
Dec-11
Dec-12
Total Revenues
Dec-13
Dec-14
Dec-15
4,714,576
6,897,287
9,116,561
46.30%
32.18%
Growth (%)
Cost of Revenues
3,696,164
5,374,885
7,161,091
Gross Profit
1,018,412
1,522,402
1,955,470
Expenses (Income)
350,516
348,920
517,779
Operating Profit
667,896
1,173,481
1,437,692
75.70%
22.52%
-205,071
-353,213
-491,074
Income before Tax
462,825
820,269
946,618
Tax
133,657
192,022
130,752
309,603
628,210
815,866
102.91%
29.87%
Growth (%)
4,056
3,909
2,898
3,112
2,320
2,314
1,517
719
-78
2013
2014
Dec-15

9,117
8,304
6,897
Growth (%)
6,897
5,490
4,715
4,083
2,676
1,269
Period Attributable
309,603
556,631
815,824
309,603
556,594
810,329
309,603
556,631
810,281
Dec-13
Dec-14
Dec-15
104.92
532.82
481.18
2.00
EPS (Rp)
16.65
29.94
43.88
BV (Rp)
124.76
155.86
218.16
DAR (X)
0.59
0.67
0.65
DER(X)
1.41
2.00
1.83
ROA (%)
5.54
7.23
7.11
ROE (%)
13.35
21.68
20.11
GPM (%)
21.60
22.07
21.45
OPM (%)
14.17
17.01
15.77
NPM (%)
6.57
9.11
8.95
12.01
0.82
RATIOS
Current Ratio (%)
Dividend (Rp)
Payout Ratio (%)

Yield (%)
Dec-11
Dec-12
-138
2013
2014
Dec-15

816
756
628
628
500
372
310
244
116
-13
2013
2014
Dec-15
153
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.
As of September 30th, 2015, the Company and its subsidiaries have 4,988 permanent
employees.
TheCompanysownershipinterestsintheconsolidatedsubsidiaries,areasfollows:
PTKalimantanSawitAbadi,
PTMitraMendawaiSejati,
PTSawitMandiriLestari,
PTAhmadSaleh.
February 2016
Disclaimer:
154
SSMS Sawit Sumbermas Sarana Tbk. [S]
Main Board
Individual Index
:
Listed Shares
:
296.269
9,525,000,000
18,907,125,000,000
41 | 18.9T | 0.39% | 74.06%

8 | 32.0T | 2.34% | 34.93%
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
564,926,400
1,737,573,600
Recording
Date
29-Apr-15
:
:
:
:
:
:
:
26.46%
13.65%
13.65%
13.65%
8.43%
5.93%
18.24%
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
155

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
Dec-15

Agriculture Index
December 2013 - January 2016
245%
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
1,735
2,005
2,040
2,185
2,425
2,350
2,035
1,980
1,735
2,050
1,970
2,050
1,605
1,635
1,950
1,855
1,895
1,755
1,830
1,560
1,520
1,620
1,555
1,555
1,650
1,985
1,990
1,900
2,350
1,845
1,965
1,615
1,615
1,900
1,580
1,950
106,690
96,459
90,903
81,703
74,128
74,060
84,049
57,854
113,300
142,293
113,733
101,789
964,382
880,303
1,051,135
1,050,938
1,594,465
1,405,027
2,452,024
1,261,217
1,334,266
1,408,432
1,563,679
1,696,965
1,624,413
1,547,313
2,095,972
2,146,096
3,350,131
2,645,755
4,652,566
2,300,148
2,185,068
2,616,336
2,706,985
2,861,298
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
2,035
1,660
1,985 114,379
1,620,597
2,929,389
20

1,031,455
790,493
11
210%
175%
175.7%
140%
105%
70%
35%
9.6%
-13.0%
-35%
Dec 13
Jun 14
Dec 14
Jun 15
Dec 15
SHARES TRADED
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
1,031
790
41
11
16,576
19,204
1,452
242
16,663
30,732
1,137
244
1,621
2,929
114
20
850
670
820
820
1,700
780
1,665
1,665
2,425
1,520
1,950
1,950
2,035
1,660
1,985
1,985
13.54
15.46
3.37
25.60
19.34
5.78
38.71
1.32
6.43
39.40
0.57
6.54
Price (Rupiah)
High
Low
Close
Close*
PER (X)
PER Industry (X)
PBV (X)
156
2015 Jan-16

Book End : December
Dec-12
Dec-13
Dec-14
Sep-15
416,254
929,469
157,297
942,940
Receivables
23,408
199,500
160,673
208,428
Inventories
99,053
45,809
67,667
198,428
Current Assets
545,163
1,957,546
2,300,594
2,131,154
Fixed Assets
651,905
593,891
596,197
1,655,447
BALANCE SHEET
Dec-11
Assets
Other Assets
Total Assets
3,750
86,850
250,512
241,486
152,193
3,701,917
4,032,885
6,071,946
75.15%
8.94%
50.56%
1,250
-
557,642
697,129
509,465
301,530
1,089,928
688,518
518,821
2,880,240
Total Liabilities
1,647,570
1,385,647
1,028,286
3,181,770
-15.90%
-25.79%
209.42%
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
1,313,350
466,041
2,316,270
3,004,600
2,890,176
397.01%
29.72%
-3.81%
Dec-12
Dec-13
Dec-14
Sep-15
1,880,275
1,962,435
2,180,673
1,761,095
4.37%
11.12%
Current Liabilities
5,000
2,113,611
Growth (%)
Growth (%)
Liabilities
6,250
2,500
2012
2013
2014
Sep-15

Authorized Capital
Paid up Capital
Par Value
Retained Earnings
Total Equity
Growth (%)
INCOME STATEMENTS
Dec-11
Total Revenues
Growth (%)
2,890
2,316
2,392
1,779
1,166
466
553
-60
2012
Cost of Revenues
891,088
949,458
1,027,885
855,850
Gross Profit
989,187
1,012,977
1,152,788
905,246
Expenses (Income)
113,249
74,648
219,724
264,311
Operating Profit
875,938
938,329
933,065
640,934
7.12%
-0.56%
Growth (%)
3,005
2013
2014
Sep-15

2,181
2,181
1,880
1,962
1,761
1,736
-110,764
-84,910
53,824
-156,325
Income before Tax
765,173
853,419
986,889
484,610
Tax
203,478
221,750
249,059
110,641
561,695
631,669
737,830
373,969
12.46%
16.81%
Growth (%)
1,291
846
401
Period Attributable
473,980
576,824
719,097
359,907
344,844
631,669
737,830
430,104
337,535
576,824
719,097
394,737
Dec-12
Dec-13
Dec-14
Sep-15
97.76
280.80
451.57
706.78
22.65
RATIOS
Current Ratio (%)
Dividend (Rp)
Dec-11
EPS (Rp)
114.90
60.56
75.50
37.79
BV (Rp)
112.98
243.18
315.44
303.43
DAR (X)
0.78
0.37
0.25
0.52
DER(X)
3.54
0.60
0.34
1.10
ROA (%)
26.58
17.06
18.30
6.16
ROE (%)
120.52
27.27
24.56
12.94
GPM (%)
52.61
51.62
52.86
51.40
OPM (%)
46.59
47.81
42.79
36.39
NPM (%)
29.87
32.19
33.83
21.23
Payout Ratio (%)
30.00
Yield (%)
1.36
-44
2012
2013
2014
Sep-15

738
738
632
562
587
374
437
286
136
-15
2012
2013
2014
Sep-15
157
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.TheCompanyorganically
added 2,985 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.
On31December2015theCompanyandsubsidiariesemployed585staffs.
February 2016
Disclaimer:
158
TBIG TowerBersamaInfrastructureTbk.
Main Board
Industry Sub Sector : Non Building Construction (75)
Individual Index
:
Listed Shares
:
311.111
4,796,526,199
30,218,115,053,700
28 | 30.2T | 0.62% | 67.71%

42 | 9.38T | 0.68% | 74.12%
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
313,567,243
1,979,946,952
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%
6.54%
41.28%
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
159
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-12
Jan-13
Jan-14
Jan-15
Jan-16

315%
270%
225%
180%
162.5%
135%
90%
45%
18.1%
-45%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
2,610
10,086
60
246
2,054
11,783
152
244
1,509
11,134
323
242
1,183
9,753
323
244
62
352
20
20
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
5,650
5,875
5,875
6,300
5,500
6,300
6,300
22.29
12.11
6.76
30.65
20.04
10.60
19.71
15.24
17.71
21.13
14.31
19.00
33.28
PER (X)
17.53
PER Industry (X)
6.44
PBV (X)
160
Freq.
Volume
Value
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
2,425
2,625
3,075
3,200
3,200
3,400
4,000
4,200
4,500
5,100
6,150
6,000
Low
2,325
2,350
2,550
2,925
2,900
2,975
3,250
3,700
3,800
4,375
4,975
5,250
Close
2,400
2,600
2,950
3,050
3,200
3,275
3,925
3,875
4,450
5,000
6,000
5,700
(X)
1,737
3,580
6,803
4,439
5,069
5,533
4,930
5,661
4,660
5,902
5,911
6,240
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
9,800
9,550
9,650
9,700
9,625
9,625
9,050
8,400
7,175
7,725
7,750
6,425
9,200
8,400
9,050
8,075
8,400
8,450
8,275
6,400
6,275
6,300
6,075
5,650
9,500
9,275
9,475
8,475
9,425
9,225
8,375
7,175
6,550
7,150
6,075
5,875
21,572
27,789
28,788
32,275
35,247
28,746
19,237
27,441
22,526
29,941
24,852
24,258
75,856
116,548
61,723
153,096
225,446
65,152
62,427
95,787
122,688
90,838
51,296
62,572
722,206
1,036,455
571,884
1,382,786
2,082,208
594,063
540,280
694,614
809,200
607,937
338,671
372,996
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
6,300
5,500
6,300
20,248
61,752
351,645
20

39,087
92,982
420,776
166,531
785,692 2,271,438
143,343
437,376
155,205
472,268
124,903
401,083
141,729
505,148
133,336
522,447
116,837
476,198
88,890
417,510
416,777 2,362,432
297,474 1,705,845
21
21
21
20
21
21
22
19
20
22
20
18
42.3%
Price (Rupiah)
High
Low
Close
Close*
Closing Price
Day
TRADING ACTIVITIES

Tower Bersama Infrastructure Tbk.
2015 Jan-16
Book End : December
Public Accountant : Tanubrata Sutanto Fahmi & Rekan (Member of BDO International Limited)
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
499,552
507,253
647,186
900,576
296,131
Receivables
159,200
166,615
637,105
560,783
693,171
Inventories
33,545
228,771
328,078
404,377
306,651
1,186,268
2,301,229
2,598,596
3,152,206
2,605,510
383,713
87,100
219,516
473,559
534,039
5,246
4,699
4,151
7,091
6,464
BALANCE SHEET
Current Assets
Fixed Assets
Other Assets
Total Assets
Assets
6,880,206 14,317,483 18,719,211 22,034,082 22,799,671
Growth (%)
Current Liabilities
869,746
15,000
10,000
30.74%
17.71%
3.47%
5,000
2,182,014
3,930,922
9,124,102
1,914,539
3,305,251
Total Liabilities
4,174,997 10,072,090 14,605,172 17,903,053 21,208,875
7,890,076 10,674,250
8,778,951 19,294,336
141.25%
45.01%
22.58%
18.47%
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
3,201,198
Growth (%)
20,000
108.10%
Liabilities
25,000
2011
2012
2013
2014
Dec-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
1,590,796
56.93%
-3.09%
0.41%
-61.49%
INCOME STATEMENTS
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Total Revenues
970,026
1,715,421
2,690,500
3,306,812
3,421,177
76.84%
56.84%
22.91%
3.46%
Growth (%)
Cost of Revenues
143,262
263,837
395,796
509,820
448,910
Gross Profit
826,764
1,451,584
2,294,704
2,796,992
2,972,267
Expenses (Income)
119,278
171,195
242,434
291,688
311,423
Operating Profit
707,486
1,280,389
2,052,270
2,505,304
2,660,844
80.98%
60.28%
22.07%
6.21%
-194,538
-367,141
-874,894
-1,074,741
-1,571,647
512,948
913,248
1,177,376
1,430,563
1,089,197
20,600
-14,167
-174,148
58,459
-355,830
492,348
927,415
1,351,524
1,372,104
1,445,027
88.37%
45.73%
1.52%
5.31%
Growth (%)
Income before Tax
Tax
Growth (%)
4,245
4,114
4,131
4,245
3,379
2,705
2,513
1,591
1,647
781
-85
2011
2012
2013
2014
Dec-15

3,421
3,307
3,307
2,691
2,632
1,715
1,958
1,283
970
608
Period Attributable
474,358
841,935
1,247,994
1,301,496
1,429,903
494,491
821,596
935,985
1,356,503
770,039
476,411
745,869
858,498
1,289,300
747,381
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
136.39
105.46
66.11
34.55
136.09
60.00
Current Ratio (%)

Dividend (Rp)
EPS (Rp)
104.10
175.53
260.19
271.34
298.11
BV (Rp)
593.68
885.10
857.71
861.25
331.66
DAR (X)
0.61
0.70
0.78
0.81
0.93
DER(X)
1.54
2.37
3.55
4.33
13.33
ROA (%)
7.16
6.48
7.22
6.23
6.34
ROE (%)
18.20
21.85
32.85
33.21
90.84
GPM (%)
85.23
84.62
85.29
84.58
86.88
OPM (%)
72.93
74.64
76.28
75.76
77.78
NPM (%)
50.76
54.06
50.23
41.49
42.24
Payout Ratio (%)
23.06
Yield (%)
1.03
-66
2011
2012
2013
2014
Dec-15

1,352
1,372
2013
2014
1,445
1,372
927
1,092
812
492
532
252
-27
2011
2012
Dec-15
161
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.
February 2016
Disclaimer:
162
TLKM TelekomunikasiIndonesia(Persero)Tbk.[S]
Main Board
Industry Sub Sector : Telecommunication (73)
1,755.262
Individual Index
:
Listed Shares
100,799,996,400
:
2 | 336.7T | 6.87% | 16.70%

4 | 69.7T | 5.09% | 22.26%
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. Dolfie Othniel Fredric Palit
3. Parikesit Suprapto
4. 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
163
TRADING ACTIVITIES
Volume
(Mill. Sh)
3,400
3,200
2,975
2,800
2,550
2,400
2,125
2,000
1,700
1,600
1,275
1,200
850
800
425
400
Jan-12
Jan-13
Jan-14
Jan-15
Jan-16

140%
135.2%
120%
100%
80%
60%
40%
42.3%
20%
18.1%
-20%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
5,788
48,078
318
246
15,741
77,223
706
244
30,227
75,841
1,187
242
23,627
67,354
1,341
244
2,368
7,527
135
20
9,950
6,650
9,050
1,810
12,900
1,950
2,150
2,150
3,010
2,060
2,865
2,865
3,170
2,485
3,105
3,105
3,385
3,045
3,340
3,340
15.26
12.11
2.80
18.92
20.04
3.57
20.21
15.24
3.35
21.74
14.31
3.60
Price (Rupiah)
High
Low
Close
Close*
9.92
PER (X)
17.53
PER Industry (X)
2.72
PBV (X)
164
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
Closing
Price*

Telekomunikasi Indonesia (Persero) Tbk. [S]
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
7,150
7,100
7,150
8,700
8,500
8,250
9,300
9,850
9,750
9,950
9,900
9,350
Low
6,800
6,650
6,700
7,050
7,000
7,250
7,950
8,750
9,150
9,300
8,950
8,650
Close
6,850
7,050
7,000
8,500
7,800
8,150
9,100
9,300
9,450
9,750
9,000
9,050
(X)
26,490
23,979
23,842
25,908
29,209
26,128
27,541
28,777
25,722
22,276
25,831
32,515

422,690 2,940,995
479,535 3,300,302
362,222 2,513,536
657,218 5,090,323
662,037 5,266,928
418,912 3,261,173
473,400 4,128,298
440,719 4,056,309
367,817 3,476,829
560,211 5,407,450
426,698 3,999,309
516,125 4,636,997
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
9,800
10,950
11,150
12,500
12,900
11,700
12,200
12,200
2,450
2,375
2,350
2,200
8,800
9,550
10,250
10,400
11,050
9,500
10,500
1,980
1,950
2,100
2,025
1,980
9,700
10,750
11,000
11,700
11,050
11,250
11,900
2,200
2,100
2,350
2,175
2,150
36,521
33,202
48,503
47,977
53,417
69,132
62,831
55,347
88,615
73,248
71,880
65,021
503,515 4,706,492
490,700 4,847,559
431,788 4,644,566
628,400 7,176,984
600,206 7,142,391
840,094 8,855,033
1,036,661 11,830,601
800,356 5,440,892
3,130,995 6,767,447
2,393,760 5,401,091
2,327,085 5,106,312
2,557,552 5,303,635
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
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
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
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
2,930
3,020
2,995
2,910
2,895
2,955
2,950
2,970
2,875
2,830
2,980
3,170
2,780
2,800
2,770
2,595
2,620
2,800
2,800
2,590
2,485
2,600
2,660
2,900
2,830
2,935
2,890
2,615
2,845
2,930
2,940
2,870
2,645
2,680
2,930
3,105
89,423
110,113
119,901
117,916
108,012
109,106
102,810
142,706
108,224
118,031
100,904
113,512
1,809,529
2,270,639
2,438,708
2,712,082
2,139,833
1,540,444
1,522,353
2,079,634
1,393,722
1,786,848
1,724,444
2,208,650
5,148,840
6,527,476
7,127,764
7,596,492
6,010,790
4,431,918
4,386,763
5,899,128
3,782,598
4,869,451
4,878,723
6,693,917
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
3,385
3,045
3,340 134,592
2,367,503
7,527,167
20
21
21
21
20
21
21
22
19
20
22
20
18
Book End : December
BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Assets
9,634,000 13,118,000 14,696,000 17,672,000 28,117,000
Receivables
5,250,000
5,409,000
6,421,000
6,848,000
7,872,000
Inventories
758,000
579,000
509,000
474,000
528,000
Current Assets
21,258,000 27,973,000 33,075,000 33,762,000 47,912,000
Fixed Assets
74,897,000 77,047,000 86,761,000 94,809,000 103,700,000
Other Assets
Total Assets
12,000
103,054,000 111,369,000 127,951,000 140,895,000 166,173,000
8.07%
70,000
Current Liabilities
22,189,000 24,107,000 28,437,000 31,786,000 35,413,000

19,884,000 20,284,000 22,090,000 22,984,000 37,332,000

Total Liabilities
42,073,000 44,391,000 50,527,000 54,770,000 72,745,000
5.51%
13.82%
10.12%
105,000
35,000
Growth (%)
14.89%
140,000
17.94%
Growth (%)
8.40%
Liabilities
175,000
2011
2012
2013
2014
2015
32.82%
Authorized Capital
Paid up Capital
Par Value
Retained Earnings
Total Equity
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
INCOME STATEMENTS
Total Revenues
60,981,000 66,978,000 77,424,000 86,125,000 93,428,000
Dec-11
9.83%
15.60%
11.24%
8.48%
Dec-12
Dec-13
Dec-14
Dec-15
7.27%
7.55%
8.11%
14.24%
Cost of Revenues
Gross Profit
Operating Profit
60,981
55,309
36,250
17,191
-1,869
2011
2013
2014
8.36%
5.50%
10.35%
-1,091,000
Income before Tax
20,857,000 24,228,000 27,149,000 28,784,000 31,342,000

5,387,000
-1,470,000
-5,866,000
-697,000
6,859,000
-593,000
7,338,000
102,470
-1,076,000
Growth (%)
10.50%
5.70%
71,918
77,143
82,967
89,696
60,662
8,025,000
15,470,000 18,362,000 20,290,000 21,446,000 23,317,000
18.69%
2015
102,470
- 25,698,000 27,846,000 29,377,000 32,418,000
81,566
2012
49,970,000 51,445,000 55,121,000 60,319,000 70,052,000
Growth (%)
Tax
66,978
71,918,000 77,143,000 82,967,000 89,696,000 102,470,000
Growth (%)
Expenses (Income)
77,424
74,369
47,054,000 52,777,000 58,628,000 63,323,000 70,457,000
Growth (%)
93,428
86,125
93,428
39,758
8.72%
18,854
Period Attributable
10,965,000 12,850,000 14,205,000 14,638,000 15,489,000
15,481,000 18,388,000 20,402,000 21,471,000 23,948,000
10,976,000 12,876,000 14,317,000 14,663,000 16,130,000
RATIOS
Current Ratio (%)
Dividend (Rp)
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
95.80
116.04
116.31
106.22
135.29
371.05
436.10
102.40
543.90
637.40
140.92
145.22
153.66
BV (Rp)
3,024.85
3,322.32
768.10
854.41
926.87
DAR (X)
0.41
0.40
0.39
0.39
0.44
DER(X)
0.69
0.66
0.65
0.64
0.78
ROA (%)
15.01
16.49
15.86
15.22
14.03
ROE (%)
25.37
27.41
26.21
24.90
24.96
GPM (%)
OPM (%)
33.31
33.56
32.75
31.64
NPM (%)
21.51
23.80
24.46
23.91
22.75
Payout Ratio (%)
68.22
68.42
72.66
5.26
4.82
4.76
EPS (Rp)
Yield (%)
-2,049
2011
2012
2013
2014
2015

23,317
18,362
18,560
20,290
21,446
23,317
15,470
13,804
9,047
4,290
-466
2011
2012
2013
2014
2015
165
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, 22 site offices and 10

representativeofficesthroughoutIndonesia.
Thecompanyhasdirectownershipindomesticandforeignsubsidiaries:
PTPamapersadaNusantara,
PTUnitedTractorsPanduEngineering,
PTKaryaSupraPerkasa,
PTAndalanMultiKencana,
PTBinaPertiwi,
UTHeavyIndustry(S)Pte.Ltd.,
PTUniversalTeknoReksajaya,
PTTambangSupraPerkasa,
PTUnitraPersadaEnergia.
Asof31December2015,theGrouphadapproximately27,001employees.
February 2016
Disclaimer:
166
UNTR United Tractors Tbk. [S]
Main Board
Industry Sub Sector : Wholesale (Durable & Non-Durable Goods) (91)
Individual Index
:
Listed Shares
:
20,712.560
3,730,135,136
64,904,351,366,400
T | 1.32% | 54.40%
19 | 17.2T | 1.25% | 53.08%
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 :
59.50%
1,510,817,778 : 100.00%
Bonus
Cash
Year
1989
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
2015
Shares
Dividend
100.00
525.00
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
251.00
Cum Date
05-Jan-90
From
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
28-Sep-15
Recording
Date
11-Jan-90
until
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
01-Oct-15
Ex Date
06-Jan-90
11-Jun-90
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
29-Sep-15
Payment
Date
31-Jan-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
16-Oct-15
F/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
I
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
167

Closing
Price*
Volume
(Mill. Sh)
34,000
32.0
29,750
28.0
25,500
24.0
21,250
20.0
17,000
16.0
12,750
12.0
8,500
8.0
4,250
4.0
Jan-12
Jan-13
Jan-14
Jan-15
Jan-16

80%
60%
40%
33.4%
20%
18.1%
-20%
-36.6%
-40%
-60%
-80%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
1,711
39,788
446
246
1,120
20,486
330
244
1,005
20,168
672
242
879
16,973
808
244
80
1,312
72
20
Price (Rupiah)
High
Low
Close
Close*
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
13,925
16,950
16,950
17,450
15,625
17,400
17,400
14.66
15.42
1.99
10.17
22.13
1.68
16.41
12.43
1.61
16.84
12.79
1.65
12.54
PER (X)
19.08
PER Industry (X)
2.27
PBV (X)
168
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

United Tractors Tbk. [S]
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
29,550
30,200
33,000
33,400
30,400
25,250
24,100
22,450
23,100
21,350
21,300
20,000
Low
25,950
26,550
28,800
29,500
22,600
21,050
20,600
19,850
19,050
19,350
16,600
16,650
Close
28,350
29,000
33,000
29,600
23,100
21,350
21,000
20,050
20,700
21,100
17,050
19,700
(X)
26,564
31,229
25,920
28,884
45,171
52,967
52,875
34,436
44,887
39,891
33,628
29,893
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
18,275
21,025
22,350
23,400
24,000
22,325
20,600
20,750
20,700
21,200
19,250
17,025
16,850
17,525
20,300
20,475
20,300
18,875
17,850
16,050
15,225
16,825
16,050
13,925
17,900
20,750
21,800
21,400
20,300
20,375
20,200
19,125
17,475
18,100
16,300
16,950
52,951
50,302
71,498
53,700
62,249
62,456
57,869
65,365
71,271
82,824
96,641
80,623
63,591
82,703
93,856
82,243
66,582
63,471
46,188
50,710
55,235
94,272
93,992
86,646
1,113,496
1,569,832
2,010,940
1,859,237
1,499,440
1,313,939
878,654
942,170
995,809
1,782,476
1,659,051
1,348,310
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
17,450 15,625 17,400
72,205
79,869
1,311,592
20

106,698 2,974,251
109,199 3,126,712
83,932 2,549,628
84,467 2,621,880
147,630 3,890,521
227,318 5,067,510
214,943 4,706,426
156,431 3,347,510
164,019 3,434,137
174,476 3,520,933
128,388 2,458,214
113,609 2,090,278
21
21
21
20
21
21
22
19
20
22
20
18

Dec-11
Dec-12
7,135,386
3,995,265
Receivables
9,969,714
9,894,656 11,814,937 13,586,675 12,169,624
Inventories
7,129,459
7,173,704
BALANCE SHEET
Dec-13
Dec-14
Dec-15
Assets
7,935,870 10,059,803 15,413,210

6,176,470
7,770,086
8,328,331
Current Assets
25,625,578 22,048,115 27,814,126 33,579,799 39,259,708
Fixed Assets
13,670,208 15,196,476 14,574,384 13,625,012 12,659,736
Other Assets
Total Assets

Total Liabilities
46,440,062 50,300,633 57,362,244 60,292,031 61,715,399
8.31%
45,000
30,000
14,930,069 11,327,164 14,560,664 16,297,816 18,280,285
6,672,912
7,152,682
5.11%
60,000
15,000
4,006,045
14.04%
5,417,481
Liabilities
75,000
2.36%
Growth (%)
Current Liabilities
Book End : December
4,184,789
2011
2012
2013
2014
Dec-15
18,936,114 18,000,076 21,713,346 21,715,297 22,465,074
-4.94%
20.63%
0.01%
3.45%
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 25,247,633
Total Equity
27,503,948 32,300,557 35,648,898 38,576,734 39,250,325
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
17.44%
10.37%
8.21%
1.75%
Dec-12
Dec-13
Dec-14
Dec-15
1.64%
-8.83%
4.17%
-7.14%
Cost of Revenues
44,859,041 45,432,916 41,495,567 41,071,359 37,645,186
Gross Profit
10,193,521 10,520,999
Operating Profit
32,301
35,649
38,577
39,250
2014
Dec-15
33,848
27,504
25,173
16,499
7,824
55,052,562 55,953,915 51,012,385 53,141,768 49,347,479
Growth (%)
Expenses (Income)
42,522
-850
2011
9,516,818 12,070,409 11,702,293
2,408,944
3,074,244
2,929,481
5,448,551
7,509,547
2012

55,053
55,954
51,012
55,954
Growth (%)
2013
53,142
49,347
44,539
Income before Tax
7,784,577
7,446,755
6,587,337
6,621,858
4,192,746
Tax
1,885,071
1,693,413
1,788,559
1,781,888
1,400,307
5,899,506
5,753,342
4,798,778
4,839,970
2,792,439
-2.48%
-16.59%
0.86%
-42.30%
Growth (%)
33,125
21,710
10,296
Period Attributable
5,900,908
5,779,675
4,833,699
5,369,621
3,853,491
5,863,471
5,860,188
6,254,474
4,923,458
3,311,814
5,858,137
5,777,296
6,065,925
5,435,880
4,275,920
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Current Ratio (%)
171.64
194.65
191.02
206.04
214.77
Dividend (Rp)
820.00
830.00
690.00
935.00
251.00
EPS (Rp)
1,581.96
1,549.45
1,295.85
1,439.52
1,033.07
BV (Rp)
7,373.45
8,659.35
9,557.00
10,341.91
10,522.49
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
4.52
ROE (%)
21.45
17.81
13.46
12.55
7.11
GPM (%)
18.52
18.80
18.66
22.71
23.71
OPM (%)
NPM (%)
10.72
10.28
9.41
9.11
5.66
Payout Ratio (%)
51.83
53.57
53.25
64.95
24.30
3.11
4.21
3.63
5.39
1.48
RATIOS
Yield (%)
-1,119
2011
2012
2013
2014
Dec-15

5,900
5,753
5,900
4,799
4,840
4,696
2,792
3,493
2,289
1,086
-118
2011
2012
2013
2014
Dec-15
169
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, such as: epsodent, Lux, Lifebuoy, Dove, Sunsilk, Clear, Rexona, Vaseline, Rinso,
Molto,Sunlight,Walls,BlueBand,Royco,Bango,etc.
The Companys majority shareholder as at 30 September 2015 and 2014 is Unilever

Indonesia Holding B.V. ("UIH"), while its ultimate parent entity is Unilever N.V.,
Netherlands.
Asat21January2015,PTAnugrahLeverhasbeenliquidated.TheCompanysfactoriesare
locatedatJln.Jababeka9BlokD,Jln.JababekaRayaBlokO,Jln.JababekaVBlokVNo.14
16,JababekaIndustrialEstateCikarang,Bekasi,WestJava,andJln.RungkutIndustriIVNo.
511, Rungkut Industrial Estate, Surabaya. As at 31 December 2015, the Company had
6,351permanentemployeesbutthesubsidiaryhadnopermanentemployees.
February 2016
Disclaimer:
170
UNVR Unilever Indonesia Tbk. [S]
Main Board
Industry Sub Sector : Cosmetics And Household (54)
187,887.165
Individual Index
:
Listed Shares
7,630,000,000
:
T | 5.72% | 28.94%
16 | 19.8T | 1.44% | 48.98%
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. Cyrillus Harinowo *)
3. Erry Firmansyah *)
4. Hikmahanto Juwana *)
5. Mahendra Siregar *)
BOARD OF DIRECTORS
1. Hemant Bakshi
2. Ainul Yaqin
3. Amparo Cheung Aswin
4. Annemarieke Edwardine Eva de Haan
5. Debora Herawati Sadrach
6. Enny Hartati
7. Sancoyo Antarikso
8. Tevilyan Yudhistira Rusli
9. Vishal Gupta
10. Willy Saelan
AUDIT COMMITTEE
1. Erry Firmansyah
2. Benny Redjo Setyono
3. Muhammad Saleh
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

1. Unilever Indonesia Holding BV
2. Public (<5%)
6,484,877,500 :
84.99%
1,145,122,500 : 100.00%
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
2015
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
342.00
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
01-Dec-15
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
02-Dec-15
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
04-Dec-15
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
17-Dec-15
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
I
ISSUED HISTORY
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
171

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-12
Jan-13
Jan-14
Jan-15
Jan-16

140%
120%
100%
90.2%
80%
61.6%
60%
40%
20%
Freq.
Volume
Value
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
24,450
20,050
20,200
20,750
22,450
25,500
25,250
27,350
28,500
26,300
26,950
26,400
Low
18,200
17,500
18,600
18,750
19,700
20,000
22,350
23,800
25,100
25,250
25,600
20,100
Close
19,600
19,250
20,000
19,850
20,550
22,900
24,250
27,100
26,050
26,050
26,350
20,850
(X)
16,752
17,028
14,713
14,599
16,221
15,235
16,534
13,551
20,640
15,755
13,272
50,609
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
36,275
37,000
40,500
44,500
46,000
43,700
41,375
40,400
40,250
40,000
38,500
37,825
32,100
34,850
35,750
37,675
42,150
39,300
38,100
33,000
35,350
37,000
34,500
34,150
35,825
36,000
39,650
42,600
43,300
39,500
40,000
39,725
38,000
37,000
36,750
37,000
35,934
40,106
50,052
63,276
46,562
64,240
48,134
58,033
54,837
65,118
50,036
47,897
40,100
34,539
51,654
53,485
41,628
45,770
32,657
51,971
34,163
39,538
39,978
39,437
1,368,300
1,238,699
1,975,029
2,155,514
1,831,169
1,889,850
1,306,892
1,908,691
1,307,719
1,523,171
1,471,337
1,426,482
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
37,500 35,300 36,700
61,635
48,570
1,758,009
20

38,440
761,415
606,182
31,412
27,939
543,448
31,656
615,568
45,658
965,430
37,485
842,684
35,057
828,065
24,914
635,793
43,814 1,177,790
45,467 1,176,959
46,071 1,207,920
143,941 3,196,599
21
21
21
20
21
21
22
19
20
22
20
18
18.1%
-20%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
552
12,558
225
246
608
16,506
285
244
435
13,031
453
242
505
19,403
624
244
49
1,758
62
20
Price (Rupiah)
High
Low
Close
Close*
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
37,000
37,000
37,500
35,300
36,700
36,700
37.06
15.98
46.63
45.65
24.22
45.03
48.24
17.69
58.48
47.85
17.48
58.01
32.87
PER (X)
19.75
PER Industry (X)
40.09
PBV (X)
172
Closing Price
Day
TRADING ACTIVITIES

Unilever Indonesia Tbk. [S]
2015 Jan-16

Book End : December

BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
336,143
229,690
261,202
859,127
628,159
Assets
Receivables
2,188,280
2,261,941
3,279,694
3,052,260
3,602,272
Inventories
1,812,821
2,061,899
2,084,331
2,325,989
2,297,502
Current Assets
4,446,219
5,035,962
5,862,939
6,337,170
6,623,114
Fixed Assets
5,314,311
6,283,479
6,874,177
7,348,025
8,320,917
75,705
70,456
69,271
81,310
292,968
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%
12.61%
Current Liabilities
Total Liabilities
Growth (%)
7,485,249 14,280,670 15,729,945
90.78%
13,000
9,750
6,500
10.15%
3,250
8,864,832 10,127,542
817,056
Liabilities
16,250
775,043
2011
2012
2013
2014
Dec-15
9,681,888 10,902,585
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
Retained Earnings
3,504,268
4,933,326
4,082,370
4,426,482
4,655,060
Total Equity
3,680,937
3,968,365
4,254,670
4,598,782
4,827,360
7.81%
7.21%
8.09%
4.97%
Dec-12
Dec-13
Dec-14
Dec-15

Par Value
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-11
16.34%
12.65%
12.21%
5.72%
Cost of Revenues
11,462,805 13,414,122 14,978,947 17,412,413 17,835,061
Gross Profit
12,006,413 13,889,126 15,778,488 17,099,121 18,648,969
Operating Profit
3,681
3,968
4,255
4,827
4,599
3,407
2,233
1,059
23,469,218 27,303,248 30,757,435 34,511,534 36,484,030
Growth (%)
Expenses (Income)
4,581
6,431,614
7,391,019
8,614,043
9,336,793 10,709,568
6,498,107
7,164,445
7,762,328
7,939,401
10.25%
8.35%
2.28%
Growth (%)
-115
2011
2012
2013
2014
Dec-15

36,484
34,512
30,757
34,512
27,303
-31,342
-5,637
-85,606
-109,911
Income before Tax
5,574,799
6,466,765
7,158,808
7,676,722
7,829,490
Tax
1,410,495
1,627,620
1,806,183
1,938,199
1,977,685
4,164,304
4,839,145
5,352,625
5,738,523
5,851,805
16.21%
10.61%
7.21%
1.97%
Growth (%)
27,471
23,469
20,431
13,390
6,350
Period Attributable
4,163,369
4,839,277
5,352,625
5,738,523
5,851,805
4,164,304
4,839,145
5,352,625
5,738,523
5,864,386
4,163,369
4,839,277
5,352,625
5,738,523
5,864,386
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
68.67
66.83
69.64
71.49
65.40
Dividend (Rp)
546.00
634.00
701.00
336.00
342.00
EPS (Rp)
545.66
634.24
701.52
752.10
766.95
BV (Rp)
482.43
520.10
557.62
602.72
632.68
DAR (X)
0.65
0.67
1.21
0.68
0.69
DER(X)
1.85
2.02
2.14
2.11
2.26
ROA (%)
39.73
40.38
71.51
40.18
37.20
ROE (%)
113.13
121.94
125.81
124.78
121.22
GPM (%)
51.16
50.87
51.30
49.55
51.12
OPM (%)
23.80
23.29
22.49
21.76
NPM (%)
17.74
17.72
17.40
16.63
16.04
100.06
99.96
99.93
44.67
44.59
2.90
3.04
2.70
1.04
0.92
RATIOS
Current Ratio (%)
Payout Ratio (%)

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

5,353
5,739
5,739
5,852
2014
Dec-15
4,839
4,568
4,164
3,397
2,227
1,056
-115
2011
2012
2013
173
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
onDec31st,2015are1,930employes.
February 2016
Disclaimer:
174
WIKA Wijaya Karya (Persero) Tbk. [S]

Main Board
Individual Index
:
Listed Shares
:
666.667
6,149,225,000
17,217,830,000,000
43 | 17.2T | 0.35% | 74.79%

35 | 10.7T | 0.78% | 68.98%
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. Imas 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 :
65.05%
2,149,225,000 : 100.00%
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
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
175

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-12
Jan-13
Jan-14
Jan-15
Jan-16

560%
480%
400%
359.0%
320%
240%
160%
103.1%
80%
19.6%
-80%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
3,477
3,843
131
246
7,059
13,754
406
244
6,956
16,915
606
242
3,655
11,409
557
244
287
808
36
20
Price (Rupiah)
High
Low
Close
Close*
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
2,370
2,640
2,640
2,910
2,605
2,800
2,800
17.02
9.57
3.01
42.35
16.29
4.79
25.97
18.66
2.99
27.55
17.68
3.17
17.75
PER (X)
17.34
PER Industry (X)
3.21
PBV (X)
176
2015 Jan-16
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES

Wijaya Karya (Persero) Tbk. [S]
Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
High
720
780
920
980
1,110
1,050
1,070
1,130
1,270
1,550
1,630
1,650
Low
600
660
730
880
890
870
980
980
1,050
1,210
1,300
1,360
Close
710
730
910
980
920
1,050
1,000
1,050
1,210
1,370
1,630
1,480
(X)
4,827
4,265
7,608
8,877
10,137
9,383
6,930
7,231
7,417
22,891
19,989
20,945
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
3,795
3,895
3,670
3,620
3,390
3,190
3,190
2,835
2,920
3,150
2,950
2,880
3,455
3,460
3,320
2,930
2,835
2,480
2,515
2,370
2,485
2,580
2,690
2,535
3,745
3,660
3,495
2,985
3,140
2,505
2,655
2,765
2,590
2,940
2,815
2,640
52,642
55,188
50,820
44,846
48,134
44,211
48,347
53,430
41,560
49,738
38,394
29,813
422,511
417,389
304,513
296,524
364,505
244,883
321,152
374,592
208,513
296,308
169,330
235,174
1,535,100
1,520,634
1,059,529
1,000,500
1,126,932
673,596
931,043
989,582
576,663
879,972
481,458
634,206
21
19
22
21
19
21
19
20
21
21
21
19
Jan-16
2,910
2,605
2,800
35,647
287,391
807,865
20

208,891
137,097
209,034
153,646
497,042
399,840
258,868
238,228
316,373
322,511
224,325
217,163
133,608
137,739
155,121
164,671
159,355
184,402
474,320
654,105
425,278
614,199
414,789
619,874
21
21
21
20
21
21
22
19
20
22
20
18

Book End : December
Public Accountant : Hadori Sugiarto Adi & Rekan (Member of HLB International)
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
1,244,316
1,499,143
1,386,707
2,300,892
2,560,120
Receivables
420,573
1,978,912
2,132,198
2,639,364
3,836,199
Inventories
872,775
1,138,080
1,118,390
817,307
1,031,278
Investment
164,989
1,208,327
1,583,043
1,941,539
1,897,987
Fixed Assets
753,148
1,168,757
1,640,292
2,676,043
3,184,400
417,006
73,252
71,743
71,075
41,183
BALANCE SHEET
Other Assets
Total Assets
Assets
8,322,980 10,945,209 12,594,963 15,915,162 19,602,406
31.51%
Growth (%)
15.07%
26.36%
12,000
8,000
4,000
-
2,119,188
2,529,217
3,061,518
3,902,807
4,323,398
Total Liabilities
6,103,604
8,131,204
9,368,004 10,936,403 14,164,305
33.22%
15.21%
16.74%
29.52%
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
Growth (%)
16,000
23.17%
Trade Payable
Bank Payable
Liabilities
20,000
2011
2012
2013
2014
Dec-15

Authorized Capital
Paid up Capital
Par Value
Retained Earnings
Total Equity
6,027
6,106
6,140
6,149
100
100
100
100
100
854,681
1,196,354
1,202,095
1,518,306
2,013,224
2,219,376
2,814,006
3,226,959
4,978,758
5,438,101
26.79%
14.67%
54.29%
9.23%
Growth (%)
INCOME STATEMENTS
Total Revenues
4,105
2,814
3,053
3,227
2,219
2,001
Dec-11
7,741,827
Dec-12
6,978,414
Dec-13
Dec-14
Dec-15
21.07%
4.87%
9.28%
864,935
1,111,382
1,583,448
1,794,327
Operating Expenses
211,194
265,965
367,486
393,407
429,158
Operating Profit
653,741
845,417
1,215,962
1,400,919
1,513,905
29.32%
43.83%
15.21%
8.07%
2011
1,943,063
-24,134
-37,501
-199,272
-255,029
-415,824
Income before Tax
629,607
807,916
1,016,690
1,145,890
1,098,082
Tax
238,660
302,791
392,319
395,094
395,077
390,946
505,125
624,372
750,796
703,005
29.21%
23.61%
20.25%
-6.37%
Growth (%)
-103
2012
2013
2014
Dec-15
8,902,209 10,562,234 11,038,647 11,965,441
Gross Profit
Growth (%)
949
9,816,086 11,884,668 12,463,216 13,620,101
26.79%
Growth (%)
Cost of Revenues
6,149
5,438
4,979
5,157

11,885
12,463
13,620
12,463
9,816
9,921
7,742
7,378
4,836
2,293
Period Attributable
354,499
457,858
569,940
615,181
625,044
401,828
508,764
624,372
750,796
709,311
366,375
461,134
569,940
615,181
631,350
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Dividend (Rp)
17.28
22.32
27.82
20.03
EPS (Rp)
58.82
74.99
92.82
100.04
101.65
BV (Rp)
368.22
460.89
525.57
809.66
884.36
DAR (X)
0.73
0.74
0.74
0.69
0.72
DER(X)
2.75
2.89
2.90
2.20
2.60
ROA (%)
4.70
4.62
4.96
4.72
3.59
ROE (%)
17.62
17.95
19.35
15.08
12.93
GPM (%)
11.17
11.32
13.32
14.40
14.27
OPM (%)
8.44
8.61
10.23
11.24
11.12
NPM (%)
5.05
5.15
5.25
6.02
5.16
29.38
29.76
29.97
20.02
2.83
1.51
1.76
0.54
Payout Ratio (%)

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

751
703
751
624
505
598
444
391
291
138
-15
2011
2012
2013
2014
Dec-15
177
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.
February 2016
Disclaimer:
178
WSKT Waskita Karya (Persero) Tbk. [S]

Main Board
Individual Index
:
Listed Shares
:
468.286
13,572,493,310
23,548,275,892,850
36 | 23.5T | 0.48% | 71.99%

28 | 13.4T | 0.98% | 63.02%
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. Danis 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 :
66.04%
4,608,795,423 : 100.00%
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
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
97,514,205 T:
189,244,905 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
11-Dec-15
11-Dec-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. Hengki Z P Tampubolon
3. R. Agus Sartono
4. Tjahjo Winarto
CORPORATE SECRETARY
Hadi Susilo
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
: waskita@waskita.co.id
179

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
Dec-13
Dec-14
Dec-15

350%
300%
200%
150%
100%
50%
45.4%
7.9%
-50%
Dec 12
Dec 13
Dec 14
Dec 15
SHARES TRADED
2012
2013
2014

Value (Billion Rp)
Frequency (Thou. X)
Days
1,432
623
18
6
16,180
10,728
440
244
15,572
12,629
501
242
8,503
14,184
542
241
850
1,459
56
20
490
420
450
439
1,080
400
405
395
1,550
402
1,470
1,433
1,900
1,355
1,670
1,670
1,775
1,615
1,735
1,735
10.60
9.57
1.64
84.55
16.29
5.90
21.63
18.66
2.34
22.48
17.68
2.43
17.04
PER (X)
17.34
PER Industry (X)
2.16
PBV (X)
180
Freq.
Volume
Value
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
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
1,740
1,890
1,825
1,815
1,815
1,745
1,900
1,845
1,675
1,770
1,760
1,690
1,355
1,680
1,630
1,550
1,505
1,490
1,515
1,505
1,525
1,565
1,605
1,605
1,715
1,815
1,780
1,720
1,700
1,520
1,770
1,605
1,550
1,630
1,605
1,670
70,104
66,468
59,602
32,693
28,488
32,477
52,634
38,175
32,563
52,743
46,419
30,077
1,483,277
1,082,352
922,085
492,663
323,352
446,526
847,192
524,748
419,021
914,328
639,780
407,446
2,224,845
1,936,847
1,598,474
852,730
555,369
722,925
1,460,006
874,353
676,229
1,523,625
1,085,373
673,388
21
19
22
18
19
21
19
20
21
21
21
19
Jan-16
1,775
1,615
1,735
56,094
850,420
1,459,308
20

1,432,023
622,792
300.0%
250%
Price (Rupiah)
High
Low
Close
Close*
Closing Price
Day
TRADING ACTIVITIES

Waskita Karya (Persero) Tbk. [S]
2015 Jan-16

Book End : December
Public Accountant : Doli, Bambang, Sulistiyanto, Dadang & Ali (Member of BKR International)
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
583,188
2,183,783
1,119,694
1,675,283
5,511,188
Receivables
1,563,705
1,971,997
2,342,084
2,990,509
5,512,986
Inventories
351,259
412,538
292,227
604,279
826,384
Investment
7,315
50,352
70,168
659,691
972,699
192,399
239,934
415,440
621,792
1,923,144
21,180
33,023
236,767
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 30,309,111
18,750
12,500
42.71%
141.66%
6,250
-
1,204,968
822,776
874,808
1,917,129
5,074,779
Trade Payable
1,661,714
2,002,815
2,291,268
2,571,795
5,472,021
Total Liabilities
4,495,779
6,359,169
6,404,866
9,693,211 20,604,904
41.45%
0.72%
51.34%
112.57%
Growth (%)
25,000
5.04%
Bank Payable
Liabilities
31,250
2011
2012
2013
2014
2015

Authorized Capital
187,433
2,600,000
2,600,000
2,600,000
2,600,000
Paid up Capital
654,992
963,233
963,224
966,634
1,357,249
18
9,632
9,632
9,666
13,572
26655 & 1000000
100
100
100
100

Par Value
Retained Earnings
-31,978
215,174
563,911
954,024
1,933,161
Total Equity
620,222
2,007,075
2,383,437
2,848,830
9,704,207
223.61%
18.75%
19.53%
240.64%
Growth (%)
9,704
9,704
7,725
5,745
3,765
2,007
INCOME STATEMENTS
Total Revenues
Dec-11
Dec-12
7,274,167
8,808,416
21.09%
Growth (%)
Dec-13
Dec-14
Dec-15
9.97%
6.20%
37.58%
6,610,973
8,076,158
8,775,914
9,177,917 12,231,515
Gross Profit
687,395
824,835
1,012,371
1,306,012
Operating Expenses
202,362
196,307
305,473
366,629
193,337
Operating Profit
485,033
628,528
706,898
939,383
1,739,500
29.58%
12.47%
32.89%
85.17%
-153,207
-168,615
-95,698
-183,781
-341,496
Income before Tax
331,827
459,913
611,201
755,602
1,398,004
Tax
159,838
205,882
243,230
254,389
350,413
171,989
254,031
367,970
501,213
1,047,591
47.70%
44.85%
36.21%
109.01%
Cost of Revenues
Growth (%)
1,786
9,686,610 10,286,813 14,152,753
Growth (%)
2,849
620
-194
2011
1,932,837
2012
2013
2014
2015

14,153
11,266
2,383
8,808
8,378
9,687
10,287
7,274
5,491
2,604
Period Attributable
171,989
254,031
368,060
501,531
1,047,738
172,457
254,363
366,629
497,058
1,483,266
172,457
254,363
366,719
497,375
1,483,414
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
2.11
11.46
10.31
EPS (Rp)
9,554.96
26.37
38.21
51.88
77.20
BV (Rp)
34,456.80
208.37
247.44
294.72
714.99
DAR (X)
0.88
0.76
0.73
0.77
0.68
DER(X)
7.25
3.17
2.69
3.40
2.12
ROA (%)
3.36
3.04
4.19
4.00
3.46
ROE (%)
27.73
12.66
15.44
17.59
10.80
GPM (%)
9.45
9.36
10.45
12.70
13.66
OPM (%)
6.67
7.14
7.30
9.13
12.29
NPM (%)
Dividend (Rp)
2.36
2.88
3.80
4.87
7.40
Payout Ratio (%)
8.00
30.00
19.87
Yield (%)
0.47
2.83
0.70
-283
2011
2012
2013
2014
2015

1,048
1,048
834
501
620
368
406
172
254
193
-21
2011
2012
2013
2014
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) ....................................................................................................................

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

HM Sampoerna Tbk. (Tobacco Manufacturers, 52) ................................................................................................................................

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

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) .......................................................................................................................................

Hanson International Tbk. [S] (Investment Company, 98) ....................................................................................................................

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) .................................................................................

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 =

2016 Indonesia Stock Exchange. All rights reserved.

LQ45 Index Constituents

In addition to strengthening its position at the upstream sector by managing an area of

RESEARCH AND DEVELOPMENT DIVISION

AALI Astra Agro Lestari Tbk. [S]

COMPANY REPORT : JANUARY 2016

31 | 26.9T | 0.55% | 69.46%

SHAREHOLDERS (January 2016)

RESEARCH AND DEVELOPMENT DIVISION

Closing Price*, Jakarta Composite Index (IHSG) and

Volume (Million Sh.)

RESEARCH AND DEVELOPMENT DIVISION

Closing Price* and Trading Volume

17,450 15,600 17,075

(Thou. Sh.) (Million Rp)

TOTAL ASSETS AND LIABILITIES (Bill. Rp)

(Million Rp except Par Value)