Laporan Keuangan PT Indofood 2009
Laporan Keuangan PT Indofood 2009
THE CHALLENGES
ANNUAL REPORT
L A P O R A N TA H U N A N
2009
01
CONTENTS
DAFTAR ISI
VISION VISI ..................................................................................................................................................... 02
MISSION MISI ................................................................................................................................................. 03
FINANCIAL HIGHLIGHTS IKHTISAR KEUANGAN ......................................................................................... 04
SHARE PRICE INFORMATION INFORMASI HARGA SAHAM........................................................................ 05
PERFORMANCE GRAPHS GRAFIK KINERJA KEUANGAN............................................................................ 06
INDOFOOD AT A GLANCE SEKILAS INDOFOOD......................................................................................... 09
BRIEF HISTORY OF THE COMPANY RIWAYAT SINGKAT PERSEROAN ...................................................... 10
SHAREHOLDING STRUCTURE STRUKTUR PEMEGANG SAHAM ............................................................... 14
MANAGEMENT STRUCTURE STRUKTUR MANAJEMEN ............................................................................... 15
DIVERSIFIED PORTFOLIO ANEKA RAGAM PORTOFOLIO........................................................................... 16
ACCOLADES PENGHARGAAN...................................................................................................................... 19
MESSAGE FROM THE PRESIDENT COMMISSIONER SAMBUTAN KOMISARIS UTAMA ............................ 20
REPORT OF THE PRESIDENT DIRECTOR LAPORAN DIREKTUR UTAMA .................................................... 23
MANAGEMENTS ANALYSIS & DISCUSSION ANALISA & PEMBAHASAN OLEH MANAJEMEN.................. 27
CONSUMER BRANDED PRODUCTS PRODUK KONSUMEN BERMEREK ................................................... 33
NOODLES MI INSTAN..................................................................................................................................... 34
DAIRY DAIRY................................................................................................................................................... 38
FOOD SEASONINGS PENYEDAP MAKANAN ............................................................................................... 42
SNACK FOODS MAKANAN RINGAN ............................................................................................................. 44
NUTRITION & SPECIAL FOODS NUTRISI & MAKANAN KHUSUS................................................................. 46
PACKAGING KEMASAN ................................................................................................................................. 48
BOGASARI BOGASARI .................................................................................................................................. 51
AGRIBUSINESS AGRIBISNIS......................................................................................................................... 57
DISTRIBUTION DISTRIBUSI............................................................................................................................ 63
CORPORATE GOVERNANCE TATA KELOLA PERUSAHAAN ........................................................................ 66
AUDIT COMMITTEE REPORT LAPORAN KOMITE AUDIT............................................................................... 70
CORPORATE HUMAN RESOURCES SUMBER DAYA MANUSIA..................................................................
72
90
02
VISION
VISI
To Become a Total Food Solutions Company
Menjadi Perusahaan Total Food Solutions
03
MISSION
MISI
To continuously improve our people, our process and our technology
To produce high quality, innovative, and affordable products which are preferred by customers
To ensure availability of our products to customers domestically and internationally
To contribute to the improvement of the quality of life of Indonesians with emphasis on nutrition
To continuously improve stakeholders value
Senantiasa meningkatkan kompetensi karyawan kami, proses produksi kami, dan teknologi kami
Menyediakan produk yang berkualitas tinggi, inovatif dengan harga terjangkau, yang merupakan pilihan pelanggan
Memastikan ketersediaan produk bagi pelanggan domestik maupun internasional
Memberikan kontribusi dalam peningkatan kualitas hidup bangsa Indonesia, khususnya dalam bidang nutrisi
Meningkatkan stakeholders value secara berkesinambungan
04
FINANCIAL HIGHLIGHTS
IKHTISAR KEUANGAN
In billion of Rupiah
unless otherwise stated
2009
2008
2007
2006
2005
Net Sales
Gross Profit
Income from Operations
(EBIT)
Net Income (NPAT)
37.140,8
10.121,9
5.004,2
38.799,3
8.976,9
4.341,5
27.858,3
6.625,5
2.876,4
21.941,6
5.180,2
1.962,5
18.764,7
4.423,0
1.652,9
Penjualan Bersih
Laba Kotor
Laba Usaha (EBIT)
2.075,9
1.034,4
980,4
661,2
124,0
Laba Bersih
Shares Outstanding
(million)
EBIT Per Share (Rp)*
Earnings Per Share (Rp)*
8.780,4
8.780,4
8.528,6
8.528,6
8.528,6
570
236
503
120
337
115
230
78
194
15
Current Assets
Current Liabilities
Net Working Capital
12.954,8
11.159,0
1.795,9
14.323,3
16.262,2
(1.938,9)
11.809,1
12.888,7
(1.079,5)
7.492,5
6.414,0
1.078,5
6.484,1
4.432,4
2.051,7
Aktiva Lancar
Kewajiban Lancar
Modal Kerja Bersih
Total Assets
Capital Expenditures
Total Shareholders'
Equity
40.382,9
3.090,3
39.591,3
2.332,3
29.706,9
1.169,8
16.364,6
490,0
14.923,5
540,0
Jumlah Aktiva
Pengeluaran Barang Modal
10.155,5
8.571,5
7.190,6
5.041,1
4.417,0
Jumlah Ekuitas
5.340,7
4.587,4
3.721,8
657,7
435,1
Total Liabilities
24.886,8
26.432,4
18.791,4
10.662,5
10.068,0
Funded Debt
17.276,2
18.579,2
12.393,4
7.253,2
6.835,6
5,2
3,0
4,3
4,2
0,8
12,5
22,2
1,16
0,62
2,45
1,11
0,83
12,5
13,1
0,88
0,67
3,08
1,41
1,09
12,5
16,0
0,92
0,63
2,61
1,14
0,72
12,5
14,0
1,17
0,65
2,12
1,27
0,96
10,8
2,9
1,46
0,67
2,28
1,41
1,21
Minority Interest
05
4.000
3.500
3.000
2.500
2.000
1.500
1.000
500
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
QUARTER
TRIWULAN
PRICE (Rupiah)
HARGA (Rupiah)
Year
Tahun
High
Tertinggi
Low
Terendah
Closing
Penutupan
Volume
Volume
2009
I
II
III
IV
1.130
1.990
3.050
3.625
820
900
1.730
2.700
940
1.890
3.025
3.550
2.340.909.500
4.080.364.500
2.639.891.000
891.585.500
3.625
820
3.550
9.952.750.500
2008
I
II
III
IV
3.275
2.925
2.450
1.910
2.150
1.900
1.750
840
2.325
2.400
1.960
930
1.739.214.000
1.095.976.500
903.732.500
1.879.215.000
3.275
840
930
5.618.138.000
06
PERFORMANCE GRAPHS
GRAFIK KINERJA KEUANGAN
Net Sales (trillion Rupiah)
Penjualan Bersih (triliun Rupiah)
2009
37,14
2008
38,80
2007
27,86
2006
21,94
2005
18,76
2009
40,38
2008
39,59
2007
29,71
2006
16,36
2005
14,92
07
2009
2.075,9
5.004,2
2008
1.034,4
4.341,5
2007
980,4
2.876,4
2006
661,2
1.962,5
2005
124,0
1.652,9
2009
10,16
2008
8,57
2007
7,19
2006
5,04
2005
4,42
08
09
INDOFOOD AT A GLANCE
SEKILAS INDOFOOD
From simple beginnings as an instant noodle producer, Indofood
Nusantara.
Groups (Group):
unit perkapalan.
10
11
1990
1990
1994
1994
1995
1995
1996
1996
1997
1997
distribution companies.
2000
2000
2001
2001
2002
2002
shares.
Melakukan pembelian kembali saham sebanyak 915,6 juta
Bought back 915.6 million shares.
saham.
2003
2003
shares.
Menerbitkan Obligasi Seri II sebesar Rp1,5 triliun.
Issued Rp1.5 trillion Bond Series II.
2004
2004
2005
2005
2006
2006
2007
Limited.
13
Tbk.
2008
2008
company.
facility.
2009
2009
2010
2010
14
SHAREHOLDING STRUCTURE
STRUKTUR PEMEGANG SAHAM
Name of Shareholder
Nama Pemegang Saham
Percentage of Ownership
Persentase Kepemilikan
4.394.603.450
50,05%
3.898.300
0,05%
4.381.924.750
49,90%
Total
Jumlah
8.780.426.500
100%
15
MANAGEMENT STRUCTURE
STRUKTUR MANAJEMEN
OPERATIONS : OPERASIONAL
Noodles
Mi Instan
Taufik Wiraatmadja
Division Head
Packaging
Kemasan
Aswan Tukiaty
Abraham George
Division Head
Deputy Division Head
Dairy
Dairy
Axton Salim
Division Head
Food Seasonings
Penyedap Makanan
Sulianto Pratama
Division Head
Snack Foods
Makanan Ringan
Suaimi Suriady
Division Head
Robert Arifin
Division Head
Bogasari
Bogasari
Franciscus Welirang
Peter Kradolfer
Division Head
Deputy Division Head
Agribusiness
Agribisnis
CEO
CFO
Distribution
Distribusi
Joedianto SP
Division Head
International
Internasional
Taufik Wiraatmadja
Kevin Sietho
Division Head
Deputy Division Head
Thomas Tjhie
Rusmin Kasim
Division Head
Deputy Division Head
Hendra Widjaja
Central Marketing
Axton Salim
Stefanus Indrayana
Division Head
General Manager
Corporate Purchasing
Jonathan A. Rahardjo
Alexander A. Aditio
Division Head
Deputy Division Head
Werianty Setiawan
Division Head
Eri Pramono
General Manager
Aydawati Wijaya
Division Head
Amin W. Tunggal
General Manager
Suaimi Suriady
Division Head
Daniel Yahya
General Manager
Controller
Legal
Corporate Internal Audit
Research and Development
Information Technology
16
DIVERSIFIED PORTFOLIO
ANEKA RAGAM PORTOFOLIO
NOODLES
MI INSTAN
DAIRY
DAIRY
FOOD SEASONINGS
PENYEDAP MAKANAN
17
SNACK FOODS
MAKANAN RINGAN
BOGASARI
BOGASARI
19
ACCOLADES
PENGHARGAAN
CORPORATE
Indonesia's Most Admired Companies Award 2009 - The Best in Building and Managing Corporate Image
The Wall Street Journal Asia 200, 2009 - Third Place in category Most-Admired Company in Indonesia
Superbrands Award 2008/2009 - Indofood, Superbrand 2008/2009
Warta Ekonomi Award 2009 - The Most Ideal CEO and The Most Ideal Company
Metro TV Economic Challenges Award 2009 - The Most Admirable Indonesian Company in the Food Industry
Good Corporate Governance Award 2009 - The Most Trusted Company Based on Investors' and Analysts' Assessment Survey
Top Brand Award 2009 - Indomie, Outstanding Achievement in Building the Top Brand
Top Brand Award 2009 - Indomilk, Outstanding Achievement in Building the Top Brand
Top Brand Award 2009 - Chili Sauce Indofood, Outstanding Achievement in Building the Top Brand
The Most Powerful Distribution Performance 2009 - Indomie, The Most Powerful Distribution Performance
The Most Powerful Distribution Performance 2009 - Indomie, The Most Powerful Brand Index
Indonesia Best Brand Award 2009 - Indomie, Platinum Brand Award, Achievement of Indonesian Best Brand Award for 7
Consecutive Years (2003-2009)
Indonesian Customer Satisfaction Award 2009 - Indomie, Diamond Award, The Best in Achieving Total Customer Satisfaction
for 9 Years (2001-2009)
The Most Impactful Brand Activation 2009 - Indomie Jingle Dare, The Most Interactive Roadshow Activation
Indonesia Best Packaging Award 2009 - Indomie Rasa Soto Betawi, First Place of The Most Environment-Friendly Packaging,
The Most User-Friendly Packaging and The Safest Packaging
P&G Award 2009 - Packaging Division (previously known as PT Cipta Kemas Abadi), Supplier of Excellence
BOGASARI
Top Brand Award 2009 - Segitiga Biru, Outstanding Achievement in Building the Top Brand
Top Brand Award 2009 - Cakra Kembar, Outstanding Achievement in Building the Top Brand
Indonesian Customer Satisfaction Award 2009 - Segitiga Biru, Golden Award, The Best in Achieving Total Customer Satisfaction
for 6 Years (2004-2009)
Top Brand Award 2009 - Bimoli, Outstanding Achievement in Building the Top Brand
Top Brand Award 2009 - Simas Margarine, Outstanding Achievement in Building the Top Brand
Indonesia Best Brand Award 2009 - Bimoli, Platinum Brand Award, Achievement of Indonesian Best Brand Award for 8
Consecutive Years (2002-2009)
Indonesian Customer Satisfaction Award 2009 - Bimoli, Diamond Award, The Best in Achieving Total Customer Satisfaction
for 10 Years (2000-2009)
20
MESSAGE FROM
THE PRESIDENT COMMISSIONER
SAMBUTAN KOMISARIS UTAMA
Dear Shareholders,
21
leadership.
22
year.
Yours cordially,
Manuel V. Pangilinan,
President Commissioner
April 2010
23
Dear Shareholders,
Historic highs were achieved in both net profit and core profit,
rekor laba bersih dan core profit tertinggi, serta kinerja yang
lima tahun yang sulit ini. Bisnis model kami yang terdiri dari
prices.
24
brands.
pemasok makanan.
Divisi Mi Instan.
network.
25
Sukses Makmur (ICBP), with the intention to list ICBP and raise
warga korporasi yang baik, yang mana hal ini tercermin dalam
Governance.
produk.
26
atas segala upaya dan kerja kerasnya yang tiada henti, dimana
yang baik ini. Akhir kata, saya ingin mengucapkan terima kasih
kepada para stakeholders atas dukungan dan kepercayaan
yang diberikan selama ini.
Yours sincerely,
Anthoni Salim
President Director and CEO
April 2010
27
Sales
Penjualan
US$388 million.
28
SALES CONTRIBUTION
EBIT CONTRIBUTION
7,8%
Distribution
20,5%
Agribusiness
1,6%
Distribution
43,4%
CBP
34,5%
CBP
28,3%
Bogasari
36,6%
Agribusiness
27,3%
Bogasari
tahun 2009.
following the fall in the CPO price, and volume of cooking oil.
29
In trillion of Rupiah
Dalam triliun Rupiah
In trillion of Rupiah
Dalam triliun Rupiah
13,5%
27,3%
11,2%
23,1%
In trillion of Rupiah
Dalam triliun Rupiah
5,6%
5,00
4,34
10,12
2,08
2,7%
8,98
2008
1,03
2009
2008
Gross Profit
Gross Profit Margin
2009
EBIT
EBIT Margin
2008
2009
Net Income
Net Income Margin
CBP.
23.1% in 2008.
tahun 2008.
expenses.
30
Net Income
Laba Bersih
sebagai akibat akuisisi Indolakto, laba bersih naik dua kali lipat
trillion in 2008.
BALANCE SHEET
NERACA
Assets
Aktiva
Liabilities
Total liabilities as of 31 December 2009 amounted to Rp24.89
Kewajiban
importation.
ratio and net debt to equity ratio fell to 1.11 times and 0.83
turun menjadi 39% dan 29%, dari 61% dan 46% dari total
Shareholders Equity
masing turun menjadi 1,11 kali dan 0,83 kali di tahun 2009,
Ekuitas
Total ekuitas naik menjadi Rp10,16 triliun dari Rp8,57 triliun
SOLVABILITY
SOLVABILITAS
funded debts.
Rasio total kewajiban terhadap total ekuitas turun menjadi
245,1% di tahun 2009 dari 308,4% di tahun 2008 terutama
karena turunnya total funded debt.
31
DEBT COMPOSITION
39%
54%
61%
71%
61%
46%
39%
29%
2008
2009
2008
Rupiah Debt
USD Debt
2009
Long-Term Debt
Short-Term Debt & Trust Receipt
debt.
CASH FLOW
ARUS KAS
Noodles
Mi Instan
Dairy
Dairy
Food Seasonings
Penyedap Makanan
Snack Foods
Makanan Ringan
Nutrition & Special Foods
Nutrisi & Makanan Khusus
Packaging
Kemasan
33
O P E R AT I O N A L R E V I E W : U L A S A N K E R J A O P E R A S I O N A L
GA M BA R A N U M U M
tahun 2008.
Maret 2010.
34
NOODLES
MI INSTAN
OVERVIEW
GA M B A R A N U M U M
Sarimi, Sakura, Pop Mie, Pop Bihun and Mi Telur Cap 3 Ayam,
20 0 9 REVIEW
and Spicy.
35
Performance Award.
second year.
Program brand activation Pop Mie yang inovatif dan ditujukan
untuk kalangan anak muda, yaitu Kompetisi Pop Mie Basket
Ball dan Cheerleadance telah diselenggarakan untuk kedua
kalinya guna memperkuat brand image .
36
baru Sarimi Soto Koya Gurih, mi dengan cita rasa soto yang
line.
SUPERMI - GOBANG
CHICKEN AND ONION FRIED NOODLES
GORENG RASA AYAM BAWANG
INDOMIE
FRIED NOODLES
MI GORENG
SARIMI
SOTO KOYA GURIH FLAVOUR
RASA SOTO KOYA GURIH
37
POP MIE
FRIED SPICY
GORENG PEDAS
20 1 0 OU T LO O K
PA N D A N GA N 2 0 1 0
above the line maupun below the line, serta program brand
activation, untuk lebih meningkatkan profil merek dan
kami.
products' relevance.
38
DAIRY
DAIRY
OVERVIEW
GA M BA R A N U M U M
and powdered milk, ice cream, yoghurt drink and butter. Its
for more than 40 years. Other brands include Cap Enaak and
39
20 0 9 REVIEW
pace. During the year the Dairy Division also registered strong
cream was 89.57 million liters, while the total sales volume
for the solid base, which includes SCM, powdered milk and
butter was 167.95 thousand tons. Total sales value was Rp3.15
trillion.
Industri dairy di Indonesia didominasi oleh pemain internasional
The dairy industry in Indonesia is dominated by large
susu UHT dan susu steril dalam botol merupakan pasar terbesar
while UHT and sterilized bottled milk are the second largest
susu UHT.
40
values of milk.
skimmed milk powder price was very volatile during the year.
rata-rata industri.
41
INDOMILK
PASTEURIZED LIQUID MILK (PLM)
SUSU CAIR PASTEURISASI
20 1 0 OU T LO O K
PA N D A N GA N 2 0 1 0
equity.
42
FOOD SEASONINGS
PENYEDAP MAKANAN
OVERVIEW
GA M BA R A N U M U M
Indofood brand.
20 0 9 REVIEW
43
Steps were taken to increase productivity in order to improve
cost efficiency. These involved steps such as investment in
improved machinery and processes, together with the
introduction of contract programs with chili farmers to secure
raw material supplies and quality.
20 1 0 OU T LO O K
The key challenges in 2010 are expected to be continuing cost
pressures, especially for sugar and chili, and the continuing
high level of competition. To face these challenges, the Division
will continue to increase productivity and cost efficiency. This
will involve new investment in machinery and implementation
of more efficient processes, especially in matching production
to sales targets. Supplies from contract growers will be increased
to secure raw material supply and ensure quality standards
are met.
PA N D A N GA N 2 0 1 0
Tantangan utama yang diperkirakan akan dihadapi di tahun
2010 adalah tekanan berkelanjutan atas kenaikan biaya,
terutama untuk gula dan cabai, serta kompetisi yang semakin
ketat. Untuk menghadapi berbagai tantangan tersebut, Divisi
ini akan terus melakukan upaya untuk meningkatkan
produktifitas dan efisiensi biaya antara lain melalui investasi
mesin baru dan penerapan proses produksi yang lebih efisien,
terutama menyesuaikan rencana produksi dengan target
penjualan. Pasokan dari para petani kemitraan akan terus
ditingkatkan untuk menjaga pasokan bahan baku dan kualitas
sesuai dengan standar yang telah ditetapkan.
ORANGE SYRUP
SIRUP RASA JERUK
BUMBU RACIK
VEGETABLE SOUP
SAYUR SOP
VEGETABLE IN COCONUT SOUP
SAYUR LODEH
SWEET SOY SAUCE
KECAP MANIS
CHILI SAUCE BANGKOK
SAMBAL BANGKOK
CHILI SAUCE EXTRA HOT
SAUS SAMBAL EKSTRA PEDAS
44
SNACK FOODS
MAKANAN RINGAN
OVERVIEW
GA M BA R A N U M U M
Cheetos, Chiki and Jetz. For the last few years the modern
growth.
20 0 9 REVIEW
ULASAN KINERJA 2009
For five consecutive years the Division has registered strong
volume growth. During 2009, sales volume increased 20.3%
naik 20,3% menjadi 13,69 ribu ton dari 11,38 ribu ton di
penetration.
45
Advertising and promotion programs were focused on building
advertising was rolled out for these brands, while Chitato and
packaging.
berwarna cerah.
in this segment.
20 1 0 OU T LO O K
The modern snack food market is expected to continue to be
PA N D A N GA N 2 0 1 0
3
1. CHITATO
BEEF BARBECUE SEASONING
RASA SAPI PANGGANG
2. QTELA
BARBEQUE FLAVOUR
RASA BARBEQUE
3. JETZ
CHOCOLATE FIESTA FLAVOR
RASA COKLAT FIESTA
4. CHIKI BALLS
CHEESE FLAVOUR
RASA KEJU
46
OVERVIEW
GA M BA R A N U M U M
20 0 9 REVIEW
In conjunction with the realignment in the organizational
structure, during the year the Division also intensified its
marketing activities. Advertising and promotion programs,
both above and below the line, were focused to build brand
image, increase brand awareness and educate consumers on
the nutritional value of the products. Three SUN Mobile Clinics
were launched in May in the Greater Jakarta area and West
Java, providing education on nutritional needs and medical
check-ups for mothers, babies and toddlers.
To capitalize on SUNs number one position in the most
affordable category in the market, the Division launched SUN
MPASI biscuit at a magic price of Rp500, and received strong
support from the consumer. SUN IBU was segregated into two
categories, SUN IBU Hamil aimed at pregnant women, and
SUN IBU Menyusui at lactating mothers, to better target
the respective consumer.
47
1
PROMINA
1. FOLLOW-ON CEREAL
BUBUR TIM INSTAN
BEEF & BROCCOLI
DAGING & BROKOLI
2. BABY CEREAL
BUBUR BAYI BERGIZI
BROWN RICE
BERAS MERAH
20 1 0 OU T LO O K
The positive outlook for the domestic economy combined with
our ongoing efforts to educate the consumer on the nutritional
value of products, we believe will be factors that favor continued
increase in the consumption per capita of ready-made baby
foods. The successful SUN Mobile Clinic program will be
expanded to Central Java, while co-operation on health
education with doctors and clinics, active participation in
seminars and workshops on health, as well as education center
partnerships, will be intensified. We will also continue to invest
in our brand equities to sustain our market leadership.
PA N D A N GA N 2 0 1 0
Kami yakin kondisi ekonomi yang diperkirakan akan positif
seiring dengan upaya kami yang berkelanjutan dalam
memberikan edukasi kepada konsumen mengenai kandungan
nutrisi dalam produk-produk kami, akan membantu
meningkatkan konsumsi per kapita untuk makanan bayi siap
saji. Program Mobil Klinik SUN yang sukses akan diperluas
jangkauannya ke wilayah Jawa Tengah, sementara itu kerja
sama dalam bidang pendidikan kesehatan dengan para dokter
dan berbagai klinik, partisipasi aktif dalam berbagai seminar
dan pelatihan kesehatan, serta kemitraan dengan berbagai
lembaga pendidikan, akan diintensifkan. Selain itu, Divisi ini
akan terus meningkatkan brand equity untuk mempertahankan
kepemimpinan pasarnya.
48
PACKAGING
KEMASAN
OVERVIEW
GA M BA R A N U M U M
9000, di samping sertifikat ISO 14000 untuk dua dari tiga pabrik
The global financial crisis brought a respite from the high oil
49
PACKAGING
KEMASAN
CORRUGATED
KARTON
FLEXIBLE
FLEKSIBEL
20 1 0 OU T LO O K
PA N D A N GA N 2 0 1 0
Division will also increase its capacity for both flexible and
51
O P E R AT I O N A L R E V I E W : U L A S A N K E R J A O P E R A S I O N A L
BOGASARI
BOGASARI
OVERVIEW
GA M BA R A N U M U M
sendiri yang terdiri dari dua unit kapal panamax dan empat
52
20 0 9 REVIEW
tahun 2008.
competition.
PASTA
PASTA
LA FONTE SPAGHETTI
LA FONTE MACARONI
LA FONTE PENNE ZITI RIGATE-91
BOLOGNESE PASTA SAUCE
SAUS PASTA BOLOGNESE
and best brands, receiving Top Brand Awards for Segitiga Biru
market for many years and at the same time were confronted
54
WHEAT FLOUR
TEPUNG TERIGU
CAKRA KEMBAR
KUNCI BIRU
SEGITIGA BIRU
tastes.
tons from 2.07 million tons in 2008, and pasta's total sales
2,24 juta ton dari 2,07 juta ton di tahun 2008, dan total volume
a year earlier.
55
TRENZ BISCUITS
BISKUIT TRENZ
CHEESE CRAZE SANDWICH CRACKERS
SANDWICH CRACKERS RASA KRIM KEJU
GLAZE CRACKERS SEAWEED FLAVOR
CRACKERS BERSALUT BUMBU RASA RUMPUT LAUT
20 1 0 OU T LO O K
PA N D A N GA N 2 0 1 0
57
O P E R AT I O N A L R E V I E W : U L A S A N K E R J A O P E R A S I O N A L
AGRIBUSINESS
AGRIBISNIS
OVERVIEW
GA M BA R A N U M U M
58
PLANTATIONS
PERKEBUNAN
FRESH FRUIT BUNCHES
TANDAN BUAH SEGAR
The palm oil mills and estates in North Sumatra are certified
along with other brands Happy Salad Oil and Delima, the
by the end of 2010, total refining capacity will reach 1.4 million
Sulawesi Utara, Moutong - Sulawesi Tengah dan Tobelo Maluku Utara, dengan total kapasitas produksi sebesar 270.000
ton per tahun.
59
20 0 9 REVIEW
during the previous year. Higher CPO prices toward the end
lower CPO and rubber prices. EBIT margin also fell to 29.4%
PLANTING
PENANAMAN
HARVESTING
PANEN
60
2009 was a challenging year for our Cooking Oils & Fats
prices, averaging 41% lower than the 2008 price. During the
harga jual dan total volume penjualan. Marjin laba usaha turun
61
COOKING OIL
MINYAK GORENG
BIMOLI SPESIAL
MARGARINE
MARGARIN
SIMAS PALMIA
20 1 0 OU T LO O K
PA N D A N GA N 2 0 1 0
European countries.
42% of its planted oil palm area aged below 7 years and
The market for the edible oils and fats is expected to remain
62
63
O P E R AT I O N A L R E V I E W : U L A S A N K E R J A O P E R A S I O N A L
DISTRIBUTION
DISTRIBUSI
OVERVIEW
GA M BA R A N U M U M
joint promotions.
64
20 0 9 REVIEW
perkembangan pasar.
Division had been recorded under Distribution Group as thirdparty sales, but the acquisition by Indofood saw results from
65
DISTRIBUTION
DISTRIBUSI
DISTRIBUTION PENETRATION TO THE TRADITIONAL
RETAIL OUTLETS
PENETRASI DISTRIBUSI KE OUTLET RITEL TRADISIONAL
20 1 0 OU T LO O K
PA N D A N GA N 2 0 1 0
efficiency.
66
CORPORATE GOVERNANCE
TATA KELOLA PERUSAHAAN
Board of Directors
The President Director is the leader of the Company and is
assisted by eight other members of the Board of Directors
(BOD) in managing the operations of the Company. The
President Director is responsible for charting the strategic
direction of the Company and ensuring that all goals and
objectives are met. During 2009, the BOD met formally seven
times to review a range of issues including operational and
financial performance, strategies and other issues deemed
important. Several informal meetings were conducted during
the year to address specific issues that required immediate
attention and to approve decisions framed to deal with these
issues. Each year begins with the establishment of a tentative
schedule of formal board meetings in order to provide sufficient
notice to Directors.
Direksi
Perseroan dipimpin oleh Direktur Utama yang dibantu oleh
delapan anggota direksi lainnya dalam mengelola usaha
Perseroan. Direktur Utama bertanggung jawab dalam
mengembangkan arahan strategis Perseroan dan memastikan
bahwa seluruh target dan tujuan dapat tercapai. Sepanjang
tahun 2009, Direksi secara formal mengadakan tujuh kali rapat
untuk membahas berbagai permasalahan termasuk
mengevaluasi kinerja operasional dan keuangan, strategi serta
berbagai hal penting lainnya. Di samping itu, beberapa
pertemuan informal dilaksanakan di tahun 2009 untuk
membahas dan menyetujui hal-hal yang membutuhkan
perhatian dengan segera. Setiap awal tahun ditetapkan jadwal
tentative pertemuan formal direksi guna memastikan bahwa
pemberitahuan kepada semua direktur untuk hadir dalam
pertemuan tersebut telah disampaikan secara cukup.
67
Board of Commissioners
The principal duty of the Board of Commissioners (BOC) is to
supervise the activities and management of the Company by
the BOD. As the authority tasked with oversight, three of the
10 members of the BOC are Independent Commissioners who
are not affiliated with the BOD, BOC or with the controlling
shareholders.
Dewan Komisaris
Tugas utama Dewan Komisaris adalah mengawasi Direksi
dalam menjalankan kegiatan dan mengelola Perseroan. Untuk
menghindari penyalahgunaan wewenang, ditunjuk tiga
Komisaris Independen dari sepuluh anggota Dewan Komisaris,
dimana mereka tidak terafiliasi dengan anggota Direksi,
Komisaris lainnya, atau pemegang saham pengendali.
Audit Committee
In line with the spirit of GCG and as regulated by the Capital
Market and Financial Institutions Supervisory Agency (BapepamLK), the BOC has established an Audit Committee. Detailed
explanation of its function is described in the Audit Committee
Report section in this annual report.
Komite Audit
Sejalan dengan semangat untuk menerapkan tata kelola
perusahaan yang baik serta untuk memenuhi peraturan Badan
Pengawas Pasar Modal dan Lembaga Keuangan (BapepamLK), Dewan Komisaris telah membentuk Komite Audit.
Penjelasan lengkap mengenai fungsi Komite Audit disampaikan
di bagian Laporan Komite Audit dalam laporan tahunan ini.
Internal Audit
The Internal Audit unit is responsible for the review of the
effectiveness of internal control systems established by Indofood;
ensuring the proper and prompt implementation of procedures;
establishing the reliability of operational and financial information
as well as compliance with the Company's rules and policies.
Reporting to the BOD, the Internal Audit unit is responsible for
all auditing and monitoring at the Company's operating units
to provide reasonable assurance that sound and prudent
management is carried out throughout every level of the Company.
Members of the Audit Committee and the BOD receive regular
reports on the reviews conducted by Internal Audit.
Internal Control and Risk Management
Indofood management is responsible for the establishment
and maintenance of adequate internal controls and estimation
of risk and the management of risk through an internal system
designed to provide reasonable assurance to management
and the BOD on the following issues:
Protecting material assets
Identifying, evaluating and carefully managing business risks
Providing assurances that significant transactions are fully
authorized in accordance with management
Publication of reliable accounts that comply with relevant
laws and regulations.
Audit Internal
Audit Internal bertanggung jawab untuk mengevaluasi
efektifitas sistem pengendalian internal Indofood, memastikan
bahwa seluruh prosedur telah dilaksanakan sesuai dengan
ketentuan dan tepat waktu, serta memastikan realibility
informasi operasional dan keuangan serta kepatuhan atas
ketentuan dan kebijakan Perseroan.
Audit Internal bertanggung jawab kepada Direksi dan bertugas
untuk melaksanakan audit, dan mengawasi unit operasi
Perseroan untuk memberikan keyakinan bahwa pengelolaan
di semua tingkatan telah dilaksanakan dengan baik dan
senantiasa menerapkan prinsip kehati-hatian. Laporan dari
Audit Internal secara berkala disampaikan kepada anggota
Komite Audit dan Direksi.
Pengendalian Internal dan Manajemen Risiko
Manajemen Indofood bertanggung jawab dalam pembentukan
dan penerapan pengendalian internal yang memadai, perkiraan
risiko dan pengelolaan risiko melalui sistem yang dirancang
untuk memberikan keyakinan yang memadai bagi manajemen
dan Direksi atas hal-hal sebagai berikut:
- Perlindungan atas aset-aset penting
- Identifikasi, evaluasi dan pengelolaan risiko usaha secara
hati-hati
- Kepastian bahwa transaksi telah dilaksanakan sesuai dengan
kewenangan manajemen
- Publikasi laporan keuangan yang reliable dan telah
memenuhi semua peraturan dan ketentuan yang berlaku.
68
69
BOARD OF COMMISSIONERS
: Manuel V. Pangilinan
- President Commissioner
- Commissioner
: Benny S. Santoso
- Commissioner
: Edward A. Tortorici
- Commissioner
: Ibrahim Risjad
- Commissioner
: Albert del Rosario
- Commissioner
: Robert Charles Nicholson
- Commissioner
: Graham L. Pickles
- Independent Commissioner : Utomo Josodirdjo
- Independent Commissioner : Torstein Stephansen
- Independent Commissioner : Wahjudi Prakarsa
DEWAN KOMISARIS
- Komisaris Utama
- Komisaris
- Komisaris
- Komisaris
- Komisaris
- Komisaris
- Komisaris
- Komisaris Independen
- Komisaris Independen
- Komisaris Independen
: Manuel V. Pangilinan
: Benny S. Santoso
: Edward A. Tortorici
: Ibrahim Risjad
: Albert del Rosario
: Robert Charles Nicholson
: Graham L. Pickles
: Utomo Josodirdjo
: Torstein Stephansen
: Wahjudi Prakarsa
BOARD OF DIRECTORS
- President Director
- Director
- Director
- Director
- Director
- Director
- Director
- Director
- Director
- Director
DIREKSI
- Direktur Utama
- Direktur
- Direktur
- Direktur
- Direktur
- Direktur
- Direktur
- Direktur
- Direktur
- Direktur
: Anthoni Salim
: Franciscus Welirang
: Tjhie Tje Fie (Thomas Tjhie)
: Darmawan Sarsito (Kevin Sietho)
: Taufik Wiraatmadja
: Peter Kradolfer
: Moleonoto (Paulus Moleonoto)
: Axton Salim
: Angky Camaro *
: Werianty Setiawan
: Anthoni Salim
: Franciscus Welirang
: Tjhie Tje Fie (Thomas Tjhie)
: Darmawan Sarsito (Kevin Sietho)
: Taufik Wiraatmadja
: Peter Kradolfer
: Moleonoto (Paulus Moleonoto)
: Axton Salim
: Angky Camaro *
: Werianty Setiawan
Corporate Secretary
The Corporate Secretary is the liaison officer between the
Company and the Capital Market and Financial Institutions
Supervisory Authority, shareholders and the public. The
Corporate Secretary is also responsible for monitoring
compliance with capital markets rules and regulations, advising
the BOD on any regulatory changes as well as administering
the meetings of the BOD.
Sekretaris Perusahaan
Sekretaris Perusahaan berfungsi sebagai penghubung antara
Perseroan dengan institusi pasar modal, pemegang saham dan
masyarakat. Sekretaris Perusahaan juga bertanggung jawab
untuk memastikan kepatuhan pada peraturan dan ketentuan
pasar modal, memberikan saran kepada Direksi tentang
perubahan peraturan serta mengatur pertemuan Direksi.
Investor Relations
The Company fully appreciates the importance of maintaining
sound and open communications with shareholders and this
role is entrusted to the Investor Relations Division. Its primary
responsibility is proactive communication of both the Company's
financial performance and other information in a consistent
and transparent manner to analysts and investors. During 2009,
over 400 meetings with analysts and investors were conducted
through regular meetings, conferences and road shows.
Disclosure
Indofood publishes unaudited financial results each quarter in
leading daily newspapers with nationwide circulation and the
same information in an audited form at the end of each
calendar year. Press releases are issued to the media on the
quarterly and annual financial performance of the Company
and other relevant corporate actions. The financial analysis
relating to its operations are also available at the Company's
website www.indofood.co.id, which is updated on a regular
basis.
Investor Relations
Perseroan menyadari pentingnya memelihara komunikasi yang
baik dan terbuka dengan para pemegang saham dimana fungsi
tersebut dijalankan oleh Divisi Investor Relations. Tanggung
jawab utama Investor Relations adalah untuk mengkomunikasikan
secara proaktif kinerja keuangan Perseroan maupun informasi
lainnya secara konsisten dan transparan kepada analis maupun
investor. Sepanjang tahun 2009, lebih dari 400 pertemuan
dengan para analis dan investor telah dilaksanakan melalui
berbagai pertemuan rutin, konferensi dan road show.
Keterbukaan Informasi
Indofood mempublikasikan laporan keuangan triwulan yang
tidak diaudit dan laporan keuangan tahunan yang diaudit
melalui surat kabar harian berperedaran nasional. Siaran pers
mengenai kinerja keuangan triwulan dan tahunan Perseroan
serta aksi korporasi perusahaan, juga disebarluaskan kepada
media. Analisa keuangan mengenai kegiatan operasi Perseroan
tersedia di website Perseroan www.indofood.co.id, yang
diperbaharui informasinya secara berkala.
70
LK).
LK).
Chairman :
Ketua :
Independent Commissioner
Komisaris Independen
Members :
Anggota :
Independent Commissioner
Komisaris Independen
71
72
OVERVIEW
GA M BA R A N U M U M
Company.
20 0 9 REVIEW
management.
73
tersebut.
20 1 0 OU T LO O K
PA N D A N GA N 2 0 1 0
74
and at the same time create value for both the company and
its investors.
75
the year.
gizi untuk para ibu, bayi dan balita dengan tujuan untuk
one-to-one services.
76
in a sustainable manner.
berkelanjutan.
guarantees.
77
Sumatra Utara.
Social Assistance
the public affected by natural disasters as well as underprivileged members of the community.
Bantuan Sosial
mampu.
bagi balita dan ibu hamil serta susu, bagi para pengungsi
September 2009.
78
BOARD OF COMMISSIONERS
DEWAN KOMISARIS
MANUEL V. PANGILINAN
President Commissioner
Mr. Pangilinan became the President Commissioner of Indofood
79
was awarded Honorary Doctorates in Humanities by Holy Angel
nasional - Filipina).
BENNY S. SANTOSO
Commissioner
Mr. Santoso became a Commissioner of Indofood in 2004 and
College, Singapura.
EDWARD A. TORTORICI
Commissioner
Mr. Tortorici received a BS from New York University and an
80
IBRAHIM RISJAD
Commissioner
Mr. Risjad became a Commissioner of Indofood in 1999, after
Industries Tbk.
City.
81
England dan Wales pada tahun 1980 dan di Hong Kong pada
Butler dari tahun 1985 hingga tahun 2001 dimana pada saat
Republic of China.
Mr. Nicholson joined First Pacific's Board in June 2003 and was
named an Executive Director in November 2003. He was a
82
GRAHAM L. PICKLES
Commissioner
Mr. Pickles holds a Bachelor of Business degree (majoring in
than 20 years.
berkarier.
Company Limited until Tech Pacific was sold in 1997. Mr. Pickles
UTOMO JOSODIRDJO
Independent Commissioner
Mr. Utomo Josodirdjo was appointed as an Independent
83
TORSTEIN STEPHANSEN
Independent Commissioner
Mr. Stephansen became an Independent Commissioner of
WAHJUDI PRAKARSA
Independent Commissioner
Mr. Prakarsa was appointed as Commissioner of Indofood in
University of Indonesia.
84
BOARD OF DIRECTORS
DIREKSI
ANTHONI SALIM
President Director
Mr. Salim was appointed as President Director and Chief
85
FRANCISCUS WELIRANG
Director
Mr. Welirang became a Director of Indofood in 1995 with
86
TAUFIK WIRAATMADJA
Director
Mr. Wiraatmadja has been a Director of Indofood since 2004
PETER KRADOLFER
Director
Mr. Kradolfer was appointed as a Director in 2007 and as
pada tahun 2009 dan saat ini beliau juga menjabat sebagai
87
AXTON SALIM
Director
Mr. Axton Salim was appointed as Director of Indofood in
tahun 2009 dan saat ini beliau juga menjabat sebagai Direktur
WERIANTY SETIAWAN
Director
Ms. Werianty Setiawan was appointed as Director of Indofood
pada tahun 2009 dan saat ini beliau juga menjabat sebagai
with the Chase Manhattan Bank N.A. Jakarta; her last position
88
Riau
Jl. Kaharudin Nasution Km. 12
Simpang Tiga, Bukit Raya
Pekanbaru 28284
Phone : (0761) 71 883
Fax : (0761) 72 103
South Sumatra
Jl. HBR Motik Km. 8
Palembang 30152
Phone : (0711) 410 212
Fax : (0711) 411 062
Lampung
Jl. Ir. Sutami Km. 15
Kawasan Industri Lampung (KAIL)
Desa Sindangsari, Kec.Tanjung Bintang
Lampung Selatan 35361
Phone : (0721) 350 106
Fax : (0721) 351 328
West Kalimantan
Jl. Wajok Hulu Km. 10.7
Kec. Siantan, Kab. Pontianak
Pontianak 78351
Phone : (0561) 881 515-17
Fax : (0561) 881 514
South Kalimantan
Jl. A. Yani Km. 32
Desa Liang Anggang
Kec. Bati-bati, Kab. Tanah Laut
Banjarmasin 70852
Phone : (0511) 478 7981-85
Fax : (0511) 478 1777
South Sulawesi
Jl. Kima X Kav. A-3
Biringkanaya - Makassar 90241
Phone : (0411) 510 875-7
Fax : (0411) 510 027
North Sulawesi
Jl. Walanda Maramis
Madidir Weru - Bitung 95514
Phone : (0438) 32 591-93
Fax : (0438) 32 588
Malaysia
Lot 26, Jalan Tasek
Tasek Industrial Estate
31400 Ipoh
Perak, Malaysia
Phone : (605) 545 1706, 548 3868,
548 2968
Fax : (605) 548 0060
DAIRY
PT INDOLAKTO
Jakarta
Jl. Raya Bogor Km. 26.6
Jakarta 13710
Phone : (021) 871 0211
Fax : (021) 871 0404
Sukabumi
Jl. Raya Siliwangi
Cicurug - Sukabumi 43359
Phone : (0266) 732 870
Fax : (0266) 732 868
(Ice cream)
Jl. Raya Siliwangi
Cicurug - Sukabumi 43359
Phone : (0266) 735 2814
Fax : (0266) 734 4988
East Java
Jl. Raya Lebak Sari
Pandaan - Pasuruan 67156
Phone : (0343) 631 866, 632 022
Fax : (0343) 632 311
FOOD SEASONINGS
PT INDOSENTRA PELANGI
West Java
Jl. Kampung Jarakosta Rt. 05 / Rw. 02
Desa Sukadanau, Cikarang Barat
Bekasi 17520
Phone : (021) 890 4169
Fax : (021) 890 1172, 890 4177
Central Java
Jl. Raya Tugu Rejo Km. 10.2
Semarang 50151
Phone : (024) 866 3435
Fax : (024) 866 2456
SNACK FOODS
PT INDOFOOD FRITOLAY MAKMUR
Banten
Jl. Wisma Damatex
Cikokol - Tangerang 15117
Phone : (021) 5575 7283
Fax : (021) 5575 1009
Central Java
Jl. Tambak Aji IV No. 10
Ngaliyan - Semarang 50185
Phone : (024) 866 3412-13
Fax : (024) 866 2648
NUTRITION & SPECIAL FOODS
PT GIZINDO PRIMA NUSANTARA
West Java
Jl. Raya Caringin No. 353
Padalarang 40553, West Java
Phone : (022) 686 6592, 680 9812
Fax : (022) 680 9810
FOOD INGREDIENTS
PT INDOFOOD CBP SUKSES MAKMUR
West Java
Jl. Raya Purwakarta Cikampek Km. 13
Desa Cikopo, Kec. Bungursari
Purwakarta 41181
Phone : (0264) 313 511-16
Fax : (0264) 313 501
89
Central Java
Jl. Raya Tugu Rejo Km. 10.2 No. 199
Kecamatan Tugu - Semarang 50151
Phone : (024) 866 2711
Fax : (024) 866 5220
East Java
Jl. Raya Surabaya - Malang Km. 39.2
Dusun Mojorejo, Ngerong, Gempol
Pasuruan 67155
Phone : (0343) 631 917-18
Fax : (0343) 631 939
PACKAGING
PT CIPTA KEMAS ABADI
Jakarta
Jl. Raya Cakung Cilincing Km. 2
Cakung - Jakarta 13910
Phone : (021) 460 0622-23
Fax : (021) 460 0445
Banten
Jl. Raya Serang Km. 11
Cikupa - Tangerang 15000
Phone : (021) 596 0728
Fax : (021) 596 0727
West Java
Kota Bukit Indah Block A1/2-5
Cikampek - Purwakarta 41181
Phone : (0264) 351 376
Fax : (0264) 351 646
PT SURYA RENGO CONTAINERS
Banten
Jl. KH. Agus Salim No. 4
Tangerang 15141
Phone : (021) 552 3542
Fax : (021) 552 2509
Central Java
Jl. Raya Semarang - Demak Km. 13.5
Semarang 59563
Phone : (024) 658 5000
Fax : (024) 658 5020
East Java
Jl. Raya By Pass Krian Km. 29.4
Krian - Sidoarjo 61262
Phone : (031) 898 3180
Fax : (031) 898 2547
BOGASARI
Jakarta
(Flour Milling and Pasta)
Jl. Raya Cilincing No. 1
Tanjung Priok - Jakarta 14110
Phone : (021) 430 1048
Fax : (021) 4392 0160
East Java
(Flour Milling)
Jl. Nilam Timur No. 16
Tanjung Perak - Surabaya 60165
Phone : (031) 329 3081-85
Fax
: (031) 329 1843
West Java
(Packaging)
Kampung Muhara (CCIE Complex)
Citeureup - Bogor 16810
Phone : (021) 875 2544
Fax
: (021) 875 2542
(Biscuit)
Kawasan Industri Kota Bukit Indah
Block A II Kav. 16-18
Dangdeur/Bungursari
Purwakarta 41181
Phone : (0264) 351 727-9
Fax
: (0264) 351 730
AGRIBUSINESS
PLANTATIONS
PT SALIM IVOMAS PRATAMA
Jakarta
(Corporate)
Sudirman Plaza
Indofood Tower, 22nd Floor
Jl. Jend. Sudirman Kav. 76-78
Jakarta 12910
Phone : (021) 5795 8822
Fax
: (021) 5793 7504
Estates are located in Sumatra and
Kalimantan
PT PP LONDON SUMATRA
INDONESIA Tbk
(Corporate)
World Trade Center 15th Floor
Jl. Jend. Sudirman Kav. 29-31
Jakarta 12920
Phone : (021) 520 6610
Fax
: (021) 520 6611
Estates are located in Sumatra,
Kalimantan, Sulawesi and Java
COOKING OILS & FATS
Jakarta
Jl. Jembatan Tiga Block F&G
Jakarta 14440
Phone : (021) 669 1522, 660 3601
Fax
: (021) 669 6595
North Sumatra
Jl. Sudirman No. 82
Lubuk Pakam 20512, Medan
Phone : (061) 795 1977
Fax : (061) 795 1231
COMMODITIES
Jakarta
Jl. Aceh No.1-2
Tanjung Priok - Jakarta 14330
Phone : (021) 4393 3447
Fax : (021) 430 7769
North Sumatra
Jl. Ujung Baru Depan KD 105
Belawan 20411, Medan
Phone : (061) 694 0004
Fax : (061) 694 1201
North Sulawesi
Jl. Samratulangi No. 9
Kel. Kado Odan, Lingkungan I
Bitung 95513, Menado
Phone : (0438) 32 515, 32 472
Fax : (0438) 21 216
Central Sulawesi
Jl. Trans Sulawesi, Dusun Aedan Raya
Desa Gio, Kab. Parigi
Moutong 94379
Phone : (0455) 310 091
Fax : (0455) 310 091
North Maluku
Jl. Pertamina, Desa Kupa - Kupa
Tobelo Selatan, Halmahera Utara
Phone : (0924) 262 1035
Fax : (0924) 262 1035
DISTRIBUTION
PT INDOMARCO ADI PRIMA
Jakarta
Jl. Jend. Sudirman Kav. 76-78
Jakarta 12910
Phone : (021) 5795 8822
Fax : (021) 5793 7528
PT PUTRI DAYA USAHATAMA
West Java
Jl. Rumah Sakit No. 133
Rancasari, Mekarmulya
Bandung 40613
Phone : (022) 780 3555
Fax : (022) 780 1613
East Java
Jl. Tanjung Tembaga No. 2-6
Surabaya 60167
Phone : (031) 329 2040
Fax
: (031) 329 2033
90
PRODUCTION FACILITIES
FASILITAS PRODUKSI
NORTH SUMATRA
MALAYSIA
RIAU
WEST KALIMANTAN
EAST KALIMANTAN
CENTRAL KALIMANTAN
JAMBI
SOUTH SUMATRA
SOUTH KALIMANTAN
LAMPUNG
JABODETABEK
CENTRAL JAVA
EAST JAVA
WEST JAVA
NORTH SUMATRA
CBP
Noodles
AGRIBUSINESS
CPO Refinery
Storage Tanks
AGRIBUSINESS
Plantations
RIAU
CBP
Noodles
AGRIBUSINESS
Plantations
LAMPUNG
CBP
Noodles
JAMBI
CBP
Noodles
SOUTH SUMATRA
CBP
Noodles
AGRIBUSINESS
Plantations
MALAYSIA
CBP
Noodles
JABODETABEK
CBP
Noodles
Dairy
Food Seasonings
Snack Foods
Packaging
BOGASARI
Flour Milling
Pasta
Packaging
AGRIBUSINESS
CPO Refinery
Storage Tanks
Margarine Plant
WEST JAVA
CBP
Noodles
Dairy
Nutrition & Special Foods
Food Ingredients
Packaging
BOGASARI
Biscuit
AGRIBUSINESS
Plantations
CENTRAL JAVA
CBP
Noodles
Food Seasonings
Snack Foods
Food Ingredients
Packaging
91
CBP
AGRIBUSINESS (PLANTATIONS)
AGRIBUSINESS (MILLS AND REFINERY)
BOGASARI
NORTH SULAWESI
CENTRAL SULAWESI
NORTH MALUKU
SOUTH SULAWESI
EAST JAVA
CBP
Noodles
Dairy
Food Ingredients
Packaging
BOGASARI
Flour Milling
AGRIBUSINESS
CPO Refinery
Margarine Plant
AGRIBUSINESS
Plantations
CENTRAL KALIMANTAN
AGRIBUSINESS
Plantations
SOUTH KALIMANTAN
CBP
Noodles
WEST KALIMANTAN
CBP
Noodles
AGRIBUSINESS
Plantations
SOUTH SULAWESI
CBP
Noodles
AGRIBUSINESS
Plantations
EAST KALIMANTAN
AGRIBUSINESS
Plantations
CENTRAL SULAWESI
AGRIBUSINESS
Copra Mill
NORTH SULAWESI
CBP
Noodles
AGRIBUSINESS
Copra Mill & CPO Refinery
AGRIBUSINESS
Plantations
NORTH MALUKU
AGRIBUSINESS
Copra Mill
92
BANKS
BANK
SHARE REGISTRAR
BIRO ADMINISTRASI EFEK
PT Raya Saham Registra
Plaza Sentral, 2nd Floor
Jl. Jend. Sudirman Kav. 47-48
Jakarta 12930
RATING AGENCIES
PEMERINGKAT RATING
PT Pemeringkat Efek Indonesia
Setiabudi Atrium, 8th Floor, Suite 809-810
Jl. HR Rasuna Said Kav. 62
Kuningan, Jakarta 12920
Phone : (021) 521 0077
Fax
: (021) 521 0078
93
ACKNOWLEDGEMENT
PERNYATAAN
BOARD OF COMMISSIONERS BOARD OF DIRECTORS
DEWAN KOMISARIS
DIREKSI
01
01
MANUEL V. PANGILINAN
ANTHONI SALIM
PRESIDENT COMMISSIONER
PRESIDENT DIRECTOR
02
02
BENNY S. SANTOSO
FRANCISCUS WELIRANG
COMMISSIONER
DIRECTOR
03
03
EDWARD A. TORTORICI
COMMISSIONER
DIRECTOR
04
04
IBRAHIM RISJAD
COMMISSIONER
DIRECTOR
05
05
TAUFIK WIRAATMADJA
COMMISSIONER
DIRECTOR
06
06
PETER KRADOLFER
COMMISSIONER
DIRECTOR
07
07
GRAHAM L. PICKLES
COMMISSIONER
DIRECTOR
08
08
UTOMO JOSODIRDJO
AXTON SALIM
INDEPENDENT COMMISSIONER
DIRECTOR
09
09
TORSTEIN STEPHANSEN
ANGKY CAMARO *
INDEPENDENT COMMISSIONER
DIRECTOR
10
10
WAHJUDI PRAKARSA
WERIANTY SETIAWAN
INDEPENDENT COMMISSIONER
DIRECTOR
94
Daftar Isi
Table of Contents
Halaman/
Page
1-3
6-7
8 - 113
***************************
2009
2008
ASET
ASET LANCAR
Kas dan setara kas
Investasi jangka pendek
Piutang
Usaha
Pihak ketiga - setelah
dikurangi penyisihan piutang
ragu-ragu sebesar Rp59.265
pada tahun 2009
(2008: Rp86.835)
Pihak yang mempunyai
hubungan istimewa
Bukan usaha
Pihak ketiga - bersih
Pihak yang mempunyai
hubungan istimewa
Persediaan - bersih
Uang muka dan jaminan
Pajak dibayar di muka
Beban tanaman tebu ditangguhkan
Biaya dibayar di muka dan
aset lancar lainnya
ASSETS
2,3,33
2,4
2,33
5
1.843.516
112.650
172.734
28b
226.786
404.927
6,28a
2,7
8
18
2
113.522
5.117.484
241.404
271.422
112.613
95.962
6.061.219
266.126
186.701
61.672
2,28d
109.256
92.230
Related parties
Inventories - net
Advances and deposits
Prepaid taxes
Future cane crop expenditures
Prepaid expenses and other
current assets
12.954.813
14.323.261
2
2,30
2,18
630.856
498.137
348.599
356.755
401.172
229.515
2,9
2,10
31.640
164.864
2
2,12
2,13
2,27d
32
Related parties
Non-trade
Third parties - net
NON-CURRENT ASSETS
Claims for tax refund
Plasma receivables - net
Deferred tax assets - net
Long-term investments
and advances for purchase
of investments
Plantations
3.692.003
2.027.025
3.618.678
1.593.691
10.808.449
494.288
4.387.760
2.464.910
2.044.473
9.586.545
564.156
4.481.524
2.598.148
1.673.000
27.428.140
25.268.048
40.382.953
39.591.309
TOTAL ASSETS
2,11,
19a,19b
4.271.208
623.134
27a
CURRENT ASSETS
Cash and cash equivalents
Short-term investments
Accounts receivable
Trade
4.474.830
331.330
2009
2008
LIABILITIES AND
SHAREHOLDERS EQUITY
2,14,33
2,7,15,33
2,33
16
5.017.603
363.756
7.634.711
2.153.921
1.604.014
2.449.368
27b,28d
82.604
65.321
28b
507.690
458.818
6
2,17
2,18
2,33
290.317
1.326.468
629.569
208.559
1.103.395
598.091
Related parties
Accrued expenses
Taxes payable
1.331.737
5.204
606.610
975.309
8.058
Current maturities of
long-term debts
Bank loans
Bonds payable - net
Lease liabilities
11.158.962
16.262.161
11,19a
19b
CURRENT LIABILITIES
Short-term bank loans and
overdraft
Trust receipts payable
Accounts payable
Trade
Third parties
Related parties
Non-trade
Third parties
NON-CURRENT LIABILITIES
2,33
11,19a
19b
19c
6.242.949
4.313.910
1.039
5.204.922
1.989.588
6.088
10.557.898
7.200.598
2,18
1.764.578
1.888.123
2,29
1.259.862
980.543
2,11
145.481
100.944
13.727.819
10.170.208
JUMLAH KEWAJIBAN
24.886.781
26.432.369
TOTAL LIABILITIES
5.340.677
4.587.407
2,23
Catatan/
Notes
EKUITAS
Modal saham nilai nominal Rp100 per saham
Modal dasar - 30.000.000.000
saham
Modal ditempatkan dan disetor
penuh - 8.780.426.500 saham
Agio saham
Selisih nilai transaksi
restrukturisasi antara entitas
sepengendali
Laba yang belum terealisasi
atas investasi efek - bersih
Selisih perubahan ekuitas
Anak Perusahaan
Selisih kurs atas penjabaran
laporan keuangan
Saldo laba
Telah ditentukan penggunaannya
Belum ditentukan penggunaannya
20
21
2009
2008
878.043
1.497.733
(975.484)
250.167
2,11
1.507.588
5.880
22
65.000
6.926.568
SHAREHOLDERS' EQUITY
Capital stock Rp100 par value per share
Authorized - 30,000,000,000
shares
Issued and fully paid 878.043
8,780,426,500 shares
1.497.733
Additional paid-in capital
Differences in values of
restructuring transactions
among entities under
(975.484)
common control
Unrealized gains on investments
185.315
in marketable securities - net
Differences arising from changes
1.459.855
in equities of Subsidiaries
Differences arising from foreign
197.684
currency translations
Retained earnings
60.000
Appropriated
5.268.387
Unappropriated
10.155.495
8.571.533
40.382.953
39.591.309
2008
37.140.830
38.799.279
NET SALES
2,10,11,25,
27b,29
27.018.884
29.822.362
10.121.946
8.976.917
GROSS PROFIT
2.955.000
2.162.737
2.742.292
1.893.149
OPERATING EXPENSES
Selling
General and administrative
5.117.737
4.635.441
5.004.209
4.341.476
2,11,26,
29
27e
27d
2009
2,24,
27a,32
LABA KOTOR
BEBAN USAHA
Penjualan
Umum dan administrasi
32
PENGHASILAN/(BEBAN)
LAIN-LAIN
Laba (rugi) kurs - bersih
Penghasilan bunga
Beban bunga dan pendanaan
lainnya
Lain-lain - bersih
2
2,3
2,14,15,
19a,19b
2,9,28a
32
18
MANFAAT/(BEBAN)
PAJAK PENGHASILAN
Tahun berjalan
Tangguhan
(1.157.562)
(39.476)
(940.396)
(1.741.653)
731.032
161.885
4.063.813
(713.131)
168.516
2.599.823
(1.481.786)
274.754
(1.181.312)
379.759
(1.207.032)
(801.553)
2.856.781
2,23,32
2,18,32
(1.541.264)
(292.049)
OTHER INCOME/(CHARGES)
Gains (losses) on
foreign exchange - net
Interest income
Interest expense and other
financing charges
Others - net
(780.920)
1.798.270
(782.597)
PENYESUAIAN PROFORMA
2,32
18.716
LABA BERSIH
31,32
2.075.861
1.034.389
NET INCOME
570
503
236
120
Net Income
Laba Usaha
Laba Bersih
31
The original consolidated financial statements included herein are in Indonesian language.
Laba yang
Belum Terealisasi
atas Investasi
Efek - Bersih/
Unrealized Gains
on Investments
in Marketable
Securities - Net
1.611.683
28.057
Selisih Kurs
atas Penjabaran
Laporan
Keuangan/
Differences
Arising
from Foreign
Currency
Translations
of Financial
Statements
63.953
(63.953 )
Modal Proforma/
Pro forma Capital
55.000
Telah Ditentukan
Penggunaannya/
Appropriated
4.944.251
Belum Ditentukan
Penggunaannya/
Unappropriated
(741.069)
63.953
72.784
7.062.643
154.167
(112.591)
Selisih Nilai
Transaksi
Restrukturisasi
Antara Entitas
Sepengendali/
Differences
in Values of
Restructuring
Transactions
Among
Entities Under
Common Control
(1.051.958)
20,21
20,21
(66.376)
398.765
(83.078)
(108.901)
31.148
(49.261)
10.024
169.627
5.000
1.034.389
(366.730)
49.261
(5.000)
(387.784)
203.831
537.238
1.034.389
(366.730)
10.024
169.627
31.148
(108.901)
602.596
Net income
Jumlah
Ekuitas Bersih/
Net Shareholders
Equity
1.182.046
185.375
Modal Saham
yang Diperoleh
Kembali/
Treasury Stock
Selisih
Perubahan
Ekuitas
Anak Perusahaan /
Differences
Arising
from Changes in
Equities of
Subsidiaries
944.419
Agio Saham/
Additional
Paid-in
Capital
2
-
Modal Ditempatkan
dan Disetor
Penuh/
Issued and
Fully Paid
Capital
Catatan/
Notes
(975.484)
64.852
185.315
50.147
5.000
(412.680)
(5.000)
(412.680)
50.147
(191.804)
62.438
Laba bersih
1.497.733
1.507.588
5.880
65.000
6.926.568
2.075.861
10.155.495
2.075.861
Net income
8.571.533
250.167
878.043
5.268.387
(975.484)
60.000
197.684
1.459.855
2,22
2,22
2,22
1.497.733
(2.414 )
The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.
878.043
(191.804 )
Laba bersih
Catatan atas laporan keuangan konsolidasi terlampir merupakan bagian yang tidak terpisahkan
dari laporan keuangan konsolidasi secara keseluruhan.
Catatan/
Notes
ARUS KAS DARI AKTIVITAS
OPERASI
Penerimaan kas dari pelanggan
Pembayaran kas kepada pemasok
2009
2008
37.444.745
(21.785.929)
39.048.055
(24.565.545)
(6.960.956)
(2.941.835)
(6.946.196)
(2.504.346)
5.756.025
163.850
(1.571.142)
(1.939.672)
(94.554)
5.031.968
174.032
(1.054.920)
(1.349.469)
(116.805)
2.314.507
2.684.806
11
(141.748)
(337.113)
(7.575.214)
383.739
56.180
59.498
(2.917.901)
(2.332.303)
(172.440)
(866.538)
(115.965)
(3.919.248)
(57.694)
(37.762)
(2.824.081)
19b
20
5.963.548
7.493.537
4.351.612
4.277.137
1.597.998
602.597
187.766
(8.505.929)
(2.068.756)
(5.784.761)
(300.511)
2009
2008
2,19b
22
(976.000)
(412.680)
23
(146.130)
19b
721.699
713.128
KENAIKAN (PENURUNAN)
BERSIH KAS DAN SETARA KAS
203.554
68
23.012
4.271.208
4.538.051
4.474.830
4.271.208
232.402
570.300
2.412
6.418
UMUM
1.
a. Pendirian Perusahaan
GENERAL
a.
PT
Indofood
Sukses
Makmur
Tbk
(Perusahaan) didirikan di Republik Indonesia
pada tanggal 14 Agustus 1990 dengan
nama PT Panganjaya Intikusuma, berdasarkan
Akta Notaris Benny Kristianto, S.H., No. 228.
Akta pendirian ini disahkan oleh Menteri
Kehakiman
Republik
Indonesia
dalam
Surat Keputusan No. C2-2915.HT.01.01.Th91
tanggal 12 Juli 1991, dan diumumkan dalam
Berita Negara Republik Indonesia No. 12
Tambahan No. 611 tanggal 11 Februari 1992.
Anggaran Dasar Perusahaan telah beberapa
kali mengalami perubahan. Perubahan terakhir
dalam Akta Notaris No. 47 dari notaris Benny
Kristianto, S.H. pada tanggal 26 Mei 2009
mengenai perubahan seluruh Anggaran Dasar
untuk disesuaikan dengan ketentuan dalam
Surat Keputusan Ketua Badan Pengawas
Pasar Modal dan Lembaga Keuangan
No. KEP-179/BL/2008 tanggal 14 Mei 2008
mengenai Pokok-pokok Anggaran Dasar
Perseroan yang Melakukan Penawaran
Umum Efek Bersifat Ekuitas dan Perusahaan
Publik, telah diterima dan disetujui oleh
Menteri Hukum dan Hak Asasi Manusia
Republik
Indonesia
berdasarkan
Surat
Keputusan No. AHU-AH.01.10-07949 tanggal
15 Juni 2009.
1.
UMUM (lanjutan)
1.
GENERAL (continued)
b.
Tanggal/
Date
17 Mei 1994/
May 17, 1994
25 Juni 1996/
June 25, 1996
6 Juni 1997/
June 6, 1997
20 Juli 2000/
July 20, 2000
Selama 2001/
During 2001
Selama 2002/
During 2002
2003
2004
Jumlah
saham ditempatkan
dan beredar/
Number of shares
issued and
outstanding
Keterangan/
Description
Penawaran umum perdana sebesar 21.000.000
saham/
Initial public offering of 21,000,000 shares
Nilai nominal
per saham
(nilai penuh)/
Par value per
share (full amount)
763.000.000
1.000
1.526.000.000
500
1.831.200.000
500
9.156.000.000
100
9.384.900.000
100
9.443.269.500
100
9.444.189.000
100
1.
UMUM (lanjutan)
b.
1.
Tanggal/
Date
27 Juni 2008/
June 27, 2008
GENERAL (continued)
b.
Keterangan/
Description
Penarikan kembali atas 663.762.500 saham yang
diperoleh kembali dan penjualan sisanya sebesar
251.837.500 saham/
Redemption of 663,762,500 shares of treasury
stocks and the sales of remaining 251,837,500
shares
8.780.426.500
Nilai nominal
per saham
(nilai penuh)/
Par value per
share (full amount)
100
Pada
bulan
Juni
2003,
Perusahaan
menawarkan kepada masyarakat obligasi
tanpa hak konversi dengan tingkat bunga
tetap, dengan jumlah nilai nominal seluruhnya
sebesar Rp1.500.000. Obligasi ini telah
dilunasi seluruhnya pada saat jatuh tempo
bulan Juni 2008.
10
1.
UMUM (lanjutan)
b.
1.
GENERAL (continued)
b.
c.
Perusahaan/Company
Anak Perusahaan
Langsung/
Direct Subsidiaries
PT Gizindo Primanusantara
(GPN)
PT Ciptakemas Abadi
(CKA)
Domisili/
Domicile
Bandung
1989
Tangerang
1991
PT Prima Intipangan
Sejati (PIPS)
Jakarta
1994
Jakarta
Belanda/
Netherlands
1991
1997
PT Bogasari Sentra
Flour Mills (BSFM)
PT Indobiskuit Mandiri
Makmur (IMM)
PT Inti Abadi Kemasindo
(IAK)
Jakarta
Purwakarta
2005
Citeureup
2002
PT Indobahtera Era
Sejahtera (IES)
PT Mileva Makmur
Mandiri (MMM)
Jakarta
2002
British Virgin
Islands
Mauritius
Perfect Wealth
Investment Limited
(PWI)
PT Saripangan Mandiri
Sejahtera (SMS)
British Virgin
Islands
Pasuruan
Jakarta
2002
2001
-
Subsidiaries
The Company has direct and indirect share
ownerships in the following Subsidiaries
(together with the Company hereinafter
referred to as the Group):
Persentase
Kepemilikan
Efektif/
Effective Percentage
of Ownership
Jenis Usaha/
Nature of Business
2009
2008
Jumlah Aset
Sebelum Eliminasi
(dalam miliar Rupiah)/
Total Assets
Before Elimination
(in billions of Rupiah)
2009
2008
100,0
100,0
337,2
280,1
100,0
100,0
752,1
741,2
100,0
100,0
72,6
71,6
100,0
100,0
65,4
7,4
100,0
100,0
38,3
80,0
100,0
100,0
106,4
95,5
100,0
100,0
70,9
86,6
100,0
100,0
0,3
0,2
Produksi makanan
dari susu/
Manufacture of dairy
products
Investasi/Investment
100,0
100,0
11,2
11,2
100,0
100,0
0,1
0,1
100,0
100,0
0,1
0,1
100,0
100,0
223,2
223,2
Penggilingan tepung/
Flour milling
100,0
100,0
8,8
10,9
11
1.
UMUM (lanjutan)
1.
Perusahaan/Company
PT Cereko Reksa
Corporatama (CRC)
PT Bina Makna
Indopratama (BMI)
PT Salim Ivomas
Pratama (SIMP)
Domisili/
Domicile
c.
Tahun
Beroperasi
Secara
Komersial/
Start of
Commercial
Operations
Subsidiaries (continued)
Jumlah Aset
Sebelum Eliminasi
(dalam miliar Rupiah)/
Total Assets
Before Elimination
(in billions of Rupiah)
Persentase
Kepemilikan
Efektif/
Effective Percentage
of Ownership
Jenis Usaha/
Nature of Business
2009
2008
2009
2008
1992
Distribusi/Distribution
100,0
Jakarta
Investasi/Investment
100,0
100,0
55,6
55,7
Jakarta
1994
60,7
60,7
10.825,1
8.504,2
Jakarta
Ternate
1951
1987
100,0
80,0
100,0
80,0
2.203,5
7,5
2.022,3
7,5
PT Indosentra Pelangi
(ISP)
Cibitung
1991
100,0
92,2
302,2
232,3
Bandung
1988
65,0
65,0
170,7
143,9
Jakarta
1990
Jakarta
1991
Malaysia
2007
Singapura/
Singapore
Jakarta
1998
Surabaya
GENERAL (continued)
Singapura/
Singapore
Singapura/
Singapore
Semarang
Jakarta
1995
51,0
51,0
313,0
288,9
100,0
100,0
4,4
5,2
100,0
100,0
37,1
37,7
90,0
90,0
747,5
802,9
90,9
90,9
46,5
31,0
2006
2006
Investasi/Investment
Investasi/Investment
83,8
100,0
83,8
100,0
103,3
334,1
104,0
186,2
1992
Distribusi/Distribution
100,0
100,0
1,1
1,4
100,0
100,0
100,0
100,0
3.217,9
3.081,7
Singapura/
Singapore
2008
Jakarta
2009
Produksi mie/
Manufacture of noodles
100,0
3.022,0
Anak Perusahaan
Tidak Langsung/
Indirect Subsidiaries
Bogasari International
Pte., Ltd. (BI)4, 37
Singapura/
Singapore
2001
Pengolahan dan
perdagangan tepung/
Flour blending and trading
Investasi/Investment
100,0
100,0
31,7
78,4
60,7
60,7
0,6
0,6
56,8
56,8
154,5
142,6
60,7
60,7
23,6
24,0
PT Manggala Batama
Perdana (MBP)2
PT Kebun Mandiri
Sejahtera(KMS)11, 37
Asian Synergies
Limited (ASL)6, 37
Silveron Investments
Limited (SIL)8, 37
PT Kebun Ganda
Prima (KGP)6, 37
Jakarta
Jakarta
1997
British Virgin
Islands
Mauritius
2004
Perkebunan karet/
Rubber plantations
Investasi/Investment
2004
Investasi/Investment
60,7
60,7
54,7
54,7
Jakarta
2001
60,7
60,7
195,9
163,0
12
1.
UMUM (lanjutan)
c.
1.
Domisili/
Domicile
Perusahaan/Company
PT Citranusa
Intisawit (CI)7, 37
PT Indoagri Inti Plantation
(IIP)10
c.
Tahun
Beroperasi
Secara
Komersial/
Start of
Commercial
Operations
Jakarta
2005
Jakarta
1990
Jakarta
1992
PT Perusahaan Perkebunan,
Industri dan Dagang
Indriplant1 (Indriplant)
PT Cibaliung Tunggal
Plantations (CTP)1
PT Perusahaan Dagang,
Perkebunan dan Industri
Serikat Putra (SP)1
PT Mekar Prima Lestari
(MPL)3
Jakarta
1989
Jakarta
1989
Jakarta
1992
Purwakarta
1994
PT Surya Rengo
Containers (SRC)5
Jakarta
1993
Riau
1991
PT Riau Agrotama
Plantation (RAP)13, 37
PT Citra Kalbar Sarana
(CKS)13, 37
PT Jake Sarana (JS)14, 37
Kalimantan
Barat
Kalimantan
Barat
Kalimantan
Barat
Jakarta
2006
PT Swadaya Bhakti
Negaramas (SBN) 15, 37
PT Agro Subur Permai (ASP) 16,
37
18, 37
Jakarta
Jakarta
Persentase
Kepemilikan
Efektif/
Effective Percentage
of Ownership
Jenis Usaha/
Nature of Business
Perkebunan kelapa sawit/
Oil palm plantations
Jasa investasi dan
manajemen/
Investment and
management services
Perkebunan dan
pengolahan kelapa sawit/
Oil palm plantations and mills
Perkebunan dan
pengolahan kelapa sawit/
Oil palm plantations and mills
Perkebunan kelapa sawit/
Oil palm plantations
Perkebunan dan
pengolahan kelapa sawit/
Oil palm plantations and mills
Produksi mie dan
perdagangan umum/
Manufacture of noodles
and general trading
Produksi bahan kemasan/
Manufacture of packaging
materials
Pembibitan dan perkebunan
kelapa sawit dan manajemen
riset/
Oil palm breeding and research
management
Perkebunan kelapa sawit/
Oil palm plantations
Perkebunan kelapa sawit/
Oil palm plantations
Perkebunan kelapa sawit/
Oil palm plantations
Perkebunan kelapa sawit/
Oil palm plantations
Perkebunan kelapa sawit/
Oil palm plantations
2009
2008
Jumlah Aset
Sebelum Eliminasi
(dalam miliar Rupiah)/
Total Assets
Before Elimination
(in billions of Rupiah)
2009
2008
60,7
60,7
316,7
268,4
60,1
60,1
175,4
172,7
59,5
59,5
406,8
414,3
59,5
59,5
120,9
138,5
59,5
59,5
188,9
216,3
59,5
59,5
399,2
522,2
91,2
91,2
60,0
60,0
309,5
287,4
60,7
42,5
75,5
72,5
60,7
42,5
313,9
247,8
60,7
42,5
162,8
125,7
60,7
42,5
58,1
38,8
36,4
36,4
97,8
32,7
36,3
36,3
19,9
16,7
36,4
36,4
412,2
257,0
Jakarta
1995
Singapura/
Singapore
Singapura/
Singapore
Jakarta
2007
58,2
58,2
2.278,6
2.278,9
2007
Investasi/Investment
58,2
58,2
11.018,6
11.042,6
2006
Pelayaran/Shipping
100,0
100,0
118,8
68,9
Jakarta
Subsidiaries (continued)
PT Multi Pacific
Jakarta
International (MPI) 19, 37
15, 37
PT Mega Citra Perdana (MCP)
Jakarta
PT Mitra Inti Sejati Plantation
(MISP) 24, 37
Indofood Oil and Fats
Pte., Ltd. (IOFPL) 22
Indofood Agri Resources,
Pte., Ltd. (IndoAgri) 23
PT Samudra Sukses
Makmur (SSM) 20
Fame Sea Enterprise Inc. (FSEI)21
GENERAL (continued)
British Virgin
Islands
British Virgin
Islands
British Virgin
Islands
36,4
36,4
720,1
499,3
36,4
36,4
272,3
213,6
36,4
36,4
123,1
103,2
60,7
42,5
271,1
289,8
2006
Pelayaran/Shipping
100,0
100,0
89,6
86,2
2006
Pelayaran/Shipping
100,0
100,0
8,2
106,5
2006
Pelayaran/Shipping
100,0
100,0
3,8
123,6
13
1.
UMUM (lanjutan)
c.
1.
Perusahaan/Company
Domisili/
Domicile
c.
Tahun
Beroperasi
Secara
Komersial/
Start of
Commercial
Operations
PT Perusahaan Perkebunan
London Sumatera
Indonesia Tbk (LSIP) 25
Jakarta
1962
Sumatera Selatan/
South Sumatera
2002
27, 37
Singapura/
Singapore
Singapura/
Singapore
2004
-
Jakarta
Jakarta
2008
Jakarta
PT Indolakto (IDLK)31
Jawa Barat/
West Java
1997
GENERAL (continued)
Sumatera Selatan/
South Sumatera
Kalimantan Tengah/
Central Kalimantan
Kalimantan Tengah/
Central Kalimantan
Sumatera Selatan/
South Sumatera
Sumatera Selatan/
South Sumatera
Sumatera Selatan/
Jakarta
Subsidiaries (continued)
Jenis Usaha/
Nature of Business
Persentase
Kepemilikan
Efektif/
Effective Percentage
of Ownership
Jumlah Aset
Sebelum Eliminasi
(dalam miliar Rupiah)/
Total Assets
Before Elimination
(in billions of Rupiah)
2009
2009
2008
2008
38,9
39,6
4.852,3
4.921,3
31,1
31,7
42,3
41,9
38,9
39,7
4,6
6,1
38,9
39,7
36,4
36,4
1.886,7
839,7
95,0
95,0
10,8
24,4
99,6
99,6
374,2
225,8
68,6
68,6
1.169,3
1.297,4
60,7
60,7
22,7
22,7
60,7
60,7
44,7
17,7
60,7
60,7
32,4
9,3
60,7
60,7
7,1
0,5
38,9
39,6
42,7
21,0
38,9
39,6
13,7
13,7
35,0
60,7
35,7
-
14,6
80,5
14,6
-
Pelayaran/Shipping
Perkebunan kelapa sawit/
Oil palm plantations
100,0
58,9
159,9
10,8
1
2
3
4
5
6
7
8
9
10
14
1.
UMUM (lanjutan)
c.
1.
GENERAL (continued)
c.
Subsidiaries (continued)
11
12
15
16
17
18
19
20
21
22
23
24
13
14
25
26
27
28
29
30
31
32
33
34
35
36
37
*
15
1.
UMUM (lanjutan)
c.
1.
GENERAL (continued)
c.
Subsidiaries (continued)
Akuisisi Usaha
Business Acquisitions
Acquisition of IBP
16
UMUM (lanjutan)
1.
GENERAL (continued)
c.
Subsidiaries (continued)
Acquisition of Drayton
Pengambilalihan
320.000.001
saham
Drayton Pte. Ltd. (Drayton) (Saham
Yang
Dijual),
perusahaan
yang
berkedudukan di Singapura, dengan nilai
pembelian
sebesar
US$249.500.000
(Rencana Akuisisi);
ii. Pengalihan
pinjaman
tanpa
bunga
sebesar US$100.500.000, yang diperoleh
Drayton dari PIL, kepada Perusahaan
dengan
nilai
pengalihan
sebesar
US$100.500.000 (Pengalihan Pinjaman).
i.
ii.
Sebagaimana
diatur
dalam
Perjanjian,
Perusahaan telah melakukan pembayaran
uang
muka
secara
penuh
sebesar
US$52.500.000, yang merupakan 15% dari
keseluruhan nilai pembelian pada bulan
September 2008.
Selanjutnya
pada
bulan
April
2009,
Perusahaan
menandatangani
Perjanjian
Obligasi Konversi dengan Drayton, Anak
Perusahaan, sehubungan dengan:
i.
17
1.
UMUM (lanjutan)
1.
GENERAL (continued)
c.
Subsidiaries (continued)
ii. restrukturisasi
bentuk
pinjaman
dari
pinjaman
pemegang
saham
menjadi
Obligasi Konversi. Obligasi tersebut tidak
memiliki tingkat bunga dan dapat dikonversi
ke saham Drayton baik sebagian atau
seluruhnya dalam waktu 5 tahun.
Acquisition of SAIN
18
1.
UMUM (lanjutan)
c.
1.
GENERAL (continued)
c.
Subsidiaries (continued)
Acquisition of MISP
19
1.
UMUM (lanjutan)
c.
1.
GENERAL (continued)
c.
Subsidiaries (continued)
from
UMUM (lanjutan)
c.
1.
GENERAL (continued)
c.
Subsidiaries (continued)
Acquisition of ANM
Acquisition of LPI
Pada
tanggal
9
Mei
2008,
SIMP
menandatangani
Perjanjian
Penyertaan
Saham dengan LPI dan pemegang saham LPI
pada saat itu, yaitu PT Bangun Sriwijaya
Sentosa
(BSS),
Irsan
Samsuddin,
Iwan Samsuddin dan Suriati Samsuddin
(bersama-sama,
Pemegang
Saham
Minoritas), yang menyetujui penyertaan
saham oleh SIMP dalam LPI dengan cara
menempatkan 187.500 saham baru yang akan
dikeluarkan oleh LPI atau 60% dari modal
diperbesar LPI dengan harga sebesar
Rp375.000.
21
1.
UMUM (lanjutan)
c.
1.
GENERAL (continued)
c.
Subsidiaries (continued)
22
UMUM (lanjutan)
c.
1.
GENERAL (continued)
c.
Subsidiaries (continued)
Transfer of Business
23
UMUM (lanjutan)
c.
1.
GENERAL (continued)
c.
Subsidiaries (continued)
Pengalihan
tersebut
dilakukan
dengan
menggunakan nilai buku sesuai dengan
ketentuan dalam Peraturan Menteri Keuangan
No. 43/PMK.03/2008 tanggal 13 Maret 2008
tentang Penggunaan Nilai Buku Atas
Pengalihan
Harta
Dalam
Rangka
Penggabungan, Peleburan, atau Pemekaran
Usaha. Penggunaan nilai buku tersebut telah
disetujui oleh Direktorat Jendral Pajak pada
tanggal 3 Februari 2010.
Biaya-biaya
dan
pajak
yang
timbul
sehubungan dengan transaksi pengalihan
terutama berupa Bea Pengalihan Hak Atas
Tanah dan Bangunan (BPHTB) dan Pajak
Pertambahan Nilai (PPN), yang dihitung
sesuai dengan tarif pajak yang berlaku dan
dibebankan pada tahun berjalan.
24
UMUM (lanjutan)
c.
1.
GENERAL (continued)
c.
Subsidiaries (continued)
Penggabungan
Usaha
dan
Konsolidasi
Kegiatan
ICBP
ICBP
a.
a.
i.
ii.
iii.
iv.
i.
ii.
iii.
iv.
v.
termasuk
sebesar
v.
25
1.
UMUM (lanjutan)
1.
Usaha
c.
dan
Subsidiaries (continued)
Merger and Consolidation (continued)
Konsolidasi
ICBP (lanjutan)
b. Penggabungan usaha
Anak-anak Perusahaan
GENERAL (continued)
ICBP (continued)
atas
b.
beberapa
Seluruh
karyawan
tetap
dari
perusahaan yang bergabung akan
dialihkan dan menjadi karyawan tetap
ICBP.
Transaksi
penggabungan
usaha
dilakukan
dengan
menggunakan
metode
penyatuan
kepentingan
(pooling of interest).
Masing-masing
pemegang
saham
Perusahaan
Peserta
Merger
telah
menyetujui rancangan merger terkait pada
tanggal 23 Desember 2009.
26
1.
UMUM (lanjutan)
c.
d.
1.
Usaha
GENERAL (continued)
c.
dan
Subsidiaries (continued)
Merger and Consolidation (continued)
Konsolidasi
The merger transaction used the pooling-ofinterests method based on the book value. All
of the merger terms have been fulfilled as of
December 31, 2008 and effective January 1,
2009, all of the assets and liabilities, business
and transactions, rights and obligations, and
employees still registered as permanent
employees of TSM have become IAPs.
Dewan Komisaris
Karyawan
dan
Direksi,
dan
d.
Manuel V. Pangilinan
Benny Setiawan Santoso
Edward A. Tortorici
Ibrahim Risjad
Albert del Rosario
Robert Charles Nicholson
Graham L. Pickles
Utomo Josodirdjo
Torstein Stephansen
Wahjudi Prakarsa
27
Board of Commissioners
President Commissioner
Commissioner
Commissioner
Commissioner
Commissioner
Commissioner
Commissioner
Commissioner (Independent)
Commissioner (Independent)
Commissioner (Independent)
UMUM (lanjutan)
d.
Dewan Komisaris
Karyawan (lanjutan)
Direksi
Direktur Utama
Direktur
Direktur
Direktur
Direktur
Direktur
Direktur
Direktur
Direktur
2.
1.
dan
Direksi,
dan
d.
Anthoni Salim
Fransiscus Welirang
Tjhie Tje Fie (Thomas Tjhie)
Darmawan Sarsito (Kevin Sietho)
Taufik Wiraatmadja
Peter Kradolfer
Moleonoto (Paulus Moleonoto)
Axton Salim
Werianty Setiawan
Board of Directors
President Director
Director
Director
Director
Director
Director
Director
Director
Director
GENERAL (continued)
Dasar
Penyajian
Konsolidasi
Laporan
2.
Keuangan
SUMMARY
POLICIES
a.
OF
SIGNIFICANT
ACCOUNTING
28
b.
Dasar
Penyajian
Laporan
Konsolidasi (lanjutan)
2.
Keuangan
SUMMARY OF SIGNIFICANT
POLICIES (continued)
a.
ACCOUNTING
Prinsip-prinsip Konsolidasi
b.
Principles of Consolidation
29
2.
SUMMARY OF SIGNIFICANT
POLICIES (continued)
b.
ACCOUNTING
Losses
attributable
to
the
minority
shareholders in certain subsidiary that exceed
the formers portion in the equity of the
subsidiary are charged against the majority
interests. Subsequent profits of the subsidiary
are allocated to the majority interest until the
minority's share of losses previously absorbed
by the majority interests has been recovered.
30
2.
2.
SUMMARY OF SIGNIFICANT
POLICIES (continued)
b.
ACCOUNTING
Foreign Subsidiaries
Akun-akun neraca
Statement of income
accounts
Akun-akun laporan
laba rugi
- Kurs
rata-rata
selama tahun yang
bersangkutan.
31
- Average rates of
exchange during
the year.
2.
2.
SUMMARY OF SIGNIFICANT
POLICIES (continued)
b.
ACCOUNTING
Penyertaan
saham
pada
perusahaanperusahaan asosiasi berikut, di mana
persentase kepemilikan Grup sebesar 20%
sampai dengan 50%, dicatat dengan
menggunakan metode ekuitas:
Perusahaan/Company
Domisili/
Domicile
Tahun
Beroperasi
Secara
Komersial/
Start of
Commercial
Operations
PT Nissinmas
Jakarta
1992
PT Nestle Indofood
Citarasa Indonesia
(NICI)
Jakarta
2005
Agrifood Investments
International Limited
(Agrifood)
Ghana Sumatra Limited
Cayman Island
Ghana
Jumlah Aset
Sebelum Eliminasi
(dalam miliar Rupiah)/
Total Assets
Before Elimination
(in billions Rupiah)
Persentase
Kepemilikan
Efektif/
Effective % of
Ownership
Jenis Usaha/
Nature of Business
2009
Produksi mie/
Manufacture of noodles
Pemasaran produk kuliner,
dan distribusi
Marketing of culinary
products, and distribution
Investasi/Investment
Produksi dan pemasaran
bibit kelapa sawit/
Production and marketing
of oil palm seeds
2008
2009
2008
49,0
49,0
45,4
39,0
50,0
50,0
109,5
103,2
49,0
49,0
27,1
56,9
17,5
5,1
Investasi lainnya
perolehan.
dicatat
sebesar
biaya
32
2.
Setara Kas
SUMMARY OF SIGNIFICANT
POLICIES (continued)
c.
e.
d.
Short-term Investments
e.
Cash Equivalents
Time deposits with maturities of three months
or less at the time of placement or purchase
and not pledged as collateral to loans and
other borrowings are considered as Cash
Equivalents.
ACCOUNTING
Persediaan
f.
Inventories
Starting January 1, 2009, the Group adopted
SFAS No. 14 (Revised 2008), "Inventories"
which prescribes the accounting treatment for
inventories, and supersedes SFAS No. 14
(1994). This revised SFAS provides guidance
in determining the cost of inventory and its
subsequent recognition as an expense,
including any write-down to net realisable
value, as well as guidance on the cost
formulas to be used in assigning costs to
inventories. This revised SFAS is effective for
financial statements beginning on or after
January 1, 2009
33
2.
g.
2.
Persediaan (lanjutan)
SUMMARY OF SIGNIFICANT
POLICIES (continued)
f.
ACCOUNTING
Inventories (continued)
g.
Prepaid Expenses
Prepaid expenses are amortized over the
periods benefited. The long-term portion of
prepaid expenses is presented as part of
Other Non-current Assets account in the
consolidated balance sheets.
34
2.
Tanaman Perkebunan
SUMMARY OF SIGNIFICANT
POLICIES (continued)
i.
ACCOUNTING
Plantations
Beban-beban
pengembangan
tanaman
perkebunan di atas tanah yang hak atas
kepemilikannya
masih
dalam
proses
ditangguhkan dan dicatat sebagai bagian dari
akun Aset Tidak Lancar Lainnya pada neraca
konsolidasi dan akan direklasifikasi ke akun
Tanaman Perkebunan pada saat hak atas
tanah terkait telah diperoleh Grup.
35
2.
2.
SUMMARY OF SIGNIFICANT
POLICIES (continued)
i.
Plantations (continued)
Nursery, which consists of capitalized costs of
nursery preparation, purchases of seedlings
and their up-keep/ maintenance, is stated at
cost and presented as part of Other NonCurrent Assets account in the consolidated
balance sheets.
ACCOUNTING
Aset Tetap
j.
Fixed Assets
Tahun/Years
Hak atas tanah
Sarana dan prasarana tanah; bangunan,
struktur dan pengembangan bangunan
Mesin dan peralatan
Alat-alat transportasi
Jalan dan jembatan
Tangki penyimpanan
Perabotan dan peralatan kantor
Pengembangan gedung yang disewa
10 - 35
5 - 40
5 - 25
5 - 20
20
15
2 - 10
3
36
Landrights
Land improvements; buildings,
structures and improvements
Machinery and equipment
Transportation equipment
Roads and bridges
Storage tanks
Furniture, fixtures and office equipment
Leasehold improvements
2.
2.
SUMMARY OF SIGNIFICANT
POLICIES (continued)
j.
ACCOUNTING
37
2.
k.
2.
SUMMARY OF SIGNIFICANT
POLICIES (continued)
j.
k.
Intangible Asset
Certain brand names which are intangible and
have future benefits are amortized over a
period of 20 years using the straight-line
method.
ACCOUNTING
Sewa
l.
Leases
The Company and Subsidiaries adopted PSAK
No. 30 (Revised 2007), Leases, which
prescribes for lessees and lessors the
appropriate
accounting
policies
and
disclosures to apply in relation to leases. This
standard provides for the classification of
leases based on the extent to which risks and
rewards incidental to the ownership of a leased
asset are vested upon the lessor or the lessee,
and the substance of the transaction rather
than the form of the contract.
Perusahaan
dan
Anak
Perusahaan
menerapkan PSAK No. 30 (Revisi 2007),
Sewa yang mengatur kebijakan akuntansi dan
pengungkapan yang sesuai, baik bagi lessee
maupun lessor dalam hubungannya dengan
sewa
(lease).
Pernyataan
ini
mengklasifikasikan sewa berdasarkan sejauh
mana risiko dan manfaat yang terkait dengan
kepemilikan aset sewaan berada pada lessor
atau lessee, dan pada substansi transaksi
daripada bentuk kontraknya.
Sewa Pembiayaan - Sebagai Lessee
38
2.
2.
Sewa (lanjutan)
SUMMARY OF SIGNIFICANT
POLICIES (continued)
l.
Leases (continued)
m. Beban Ditangguhkan
m. Deferred Charges
Certain expenditures (consisting primarily of
costs and expenses relating to acquisitions of
landrights, systems software cost, and costs
associated with long-term bank loans such as
provision fees and arranger fees), which
benefits extend over a period of more than one
year, are deferred and amortized over the
periods benefited using the straight-line
method.
ACCOUNTING
n.
Treasury Stock
Treasury stock is stated at acquisition cost and
shown as deduction from capital stock under
the Shareholders Equity section of the
consolidated balance sheets.
39
2.
2.
SUMMARY OF SIGNIFICANT
POLICIES (continued)
n.
o.
p.
p.
ACCOUNTING
q.
40
2.
2.
SUMMARY OF SIGNIFICANT
POLICIES (continued)
r.
Pendapatan dari penjualan dan jasa masingmasing diakui pada saat barang diserahkan
dan jasa diberikan kepada pelanggan.
Pendapatan pelayaran diakui pada saat
perjalanan telah sampai di tujuan. Beban
diakui pada saat terjadinya (basis akrual).
s.
ACCOUNTING
Perpajakan
s.
Taxation
Pajak
tangguhan
dihitung
dengan
menggunakan tarif pajak yang berlaku atau
secara substansial telah berlaku pada tanggal
neraca. Perubahan nilai tercatat aset dan
kewajiban pajak tangguhan yang disebabkan
oleh perubahan tarif pajak dibebankan pada
tahun berjalan, kecuali untuk transaksitransaksi yang sebelumnya telah langsung
dibebankan atau dikreditkan ke ekuitas.
41
2.
t.
2.
Perpajakan (lanjutan)
SUMMARY OF SIGNIFICANT
POLICIES (continued)
s.
ACCOUNTING
Taxation (continued)
Manfaat Pensiun
Karyawan
dan
Imbalan
Kerja
t.
Employees
Retirement
Entitlement Benefits
and
Service
42
2.
Imbalan
2.
Kerja
SUMMARY OF SIGNIFICANT
POLICIES (continued)
t.
ACCOUNTING
Employees
Retirement
and
Entitlement Benefits (continued)
Service
Saldo
penyisihan
yang
diperlukan
sebagaimana disebutkan di atas, diestimasi
menggunakan
perhitungan
aktuaria
berdasarkan laporan yang dibuat oleh
perusahaan aktuaris independen. Penyisihan
sehubungan biaya jasa masa lampau
ditangguhkan dan diamortisasi selama sisa
masa kerja rata-rata karyawan yang memenuhi
syarat. Sebaliknya, biaya jasa kini dibebankan
langsung pada beban operasi tahun berjalan.
Keuntungan atau kerugian aktuarial yang
timbul dari penyesuaian dan perubahan dalam
asumsi-asumsi aktuarial yang jumlahnya
melebihi jumlah yang lebih besar dari 10% dari
nilai wajar aset program atau 10% dari nilai kini
imbalan pasti diakui sebagai pendapatan atau
beban selama sisa masa kerja karyawan
dengan metode garis lurus.
43
2.
u.
Imbalan
2.
Kerja
SUMMARY OF SIGNIFICANT
POLICIES (continued)
t.
ACCOUNTING
Employees
Retirement
and
Entitlement Benefits (continued)
Service
Transaksi
dengan
Pihak-pihak
Mempunyai Hubungan Istimewa
yang
u.
(i)
(i)
44
2.
2.
Transaksi
dengan
Pihak-pihak
yang
Mempunyai Hubungan Istimewa (lanjutan)
SUMMARY OF SIGNIFICANT
POLICIES (continued)
u.
Transactions
(continued)
with
ACCOUNTING
Related
Parties
45
2.
Transaksi
dengan
Pihak-pihak
yang
Mempunyai Hubungan Istimewa (lanjutan)
SUMMARY OF SIGNIFICANT
POLICIES (continued)
u.
with
Related
Parties
Transactions
(continued)
ACCOUNTING
v.
Foreign
Currency
Balances
Transactions
and
w. Instrumen Derivatif
w. Derivative Instruments
In addition to natural hedges, the Group also
engages in currency swap and foreign
exchange contracts/transactions for the
purpose of managing its foreign exchange rate
exposures
emanating
from
business,
transaction specific, as well as currency
translation risks.
46
2.
2.
SUMMARY OF SIGNIFICANT
POLICIES (continued)
ACCOUNTING
x. Piutang plasma
x.
Plasma receivables
Plasma receivables represent costs incurred
for plasma plantation development which
includes costs for plasma plantations funded
by banks and temporary self funding by the
concerned subsidiaries of SIMP for those
awaiting bank funding.
47
2.
2.
y.
z.
SUMMARY OF SIGNIFICANT
POLICIES (continued)
x.
ACCOUNTING
y.
Informasi Segmen
z.
Segment Information
48
2.
2.
z.
3.
2009
Kas di bank
Rekening Rupiah
PT Bank Central Asia Tbk (BCA)
PT Bank Mega Tbk (Mega)
PT Bank Rakyat Indonesia
(Persero) Tbk (BRI)
PT Bank Mandiri (Persero) Tbk
(Mandiri)
Lain-lain (masing-masing
di bawah Rp50.000)
Rekening mata uang asing
(Catatan 33)
BCA
Commerzbank Ltd., Singapura
Citibank N.A. (Citibank)
Mandiri
Lain-lain (masing-masing
di bawah Rp50.000)
Kas
ACCOUNTING
3.
SUMMARY OF SIGNIFICANT
POLICIES (continued)
2008
117.227
78.381
Cash on hand
962.321
440.519
487.023
328.363
114.648
182.258
43.259
67.784
97.329
93.362
767.145
178.264
43.961
15.466
622.024
66.177
137.432
58.090
38.748
55.195
Cash in banks
Rupiah accounts
PT Bank Central Asia Tbk (BCA)
PT Bank Mega Tbk (Mega)
PT Bank Rakyat Indonesia
(Persero) Tbk (BRI)
PT Bank Mandiri (Persero) Tbk
(Mandiri)
Others
(each below Rp50,000)
Foreign currency accounts
(Note 33)
BCA
Commerzbank Ltd., Singapore
Citibank N.A. (Citibank)
Mandiri
Others
(each below Rp50,000)
2.701.660
2.097.708
49
3.
3.
2009
2008
229.135
261.362
67.500
57.023
-
10.500
50.000
45.200
42.852
427.700
284.914
70.549
109.500
331.895
56.307
53.623
46.895
40.044
28.200
6.722
326.576
242.926
165.893
126.003
77.745
29.172
64.425
1.655.943
2.095.119
Jumlah
4.474.830
4.271.208
Total
dari
2009
2008
5,75% - 7,25%
0,85% - 4,50%
Currency Denomination
6,00% - 13,00%
4,00% - 5,00%
4.
Rupiah
US Dollar
SHORT-TERM INVESTMENTS
Short-term investments consist of investments in
shares and bonds listed in the stock exchange, as
well as mutual fund.
PIUTANG USAHA
5.
deposito
389.911
108.490
4.
2008
836.611
19.941
828.104
77.372
852.792
832.637
50
Third Parties
In Rupiah
Wholesalers and retailers
PT Lestari Eka Perdana
Others
(each below Rp50,000)
5.
5.
2009
Pihak Ketiga
Dalam mata uang asing (Catatan 33)
Wilmar Trading Pte. Ltd., Singapura
Shanghai Wellmark International
Trading Co., Ltd., China
Lain-lain (masing-masing
di bawah Rp50.000)
63.018
52.218
193.437
320.834
Jumlah
Penyisihan piutang ragu-ragu
1.902.781
(59.265)
2.174.183
(86.835)
1.843.516
2.087.348
29.299
1.205
786
-
27.205
568
8.652
3.198
470
Related Parties
In Rupiah
NICI
PT Nissinmas
PT Indotirta Suaka
PT Pepsicola Indobeverage
Others
(each below Rp1,000)
Total
Allowance for doubtful accounts
55.125
54.374
11.276
9.968
1.154
3.367
63.059
15.678
-
112.650
172.734
1.956.166
2.260.082
Total
Umur Piutang
2008
2009
Lancar
Telah jatuh tempo:
1 - 30 hari
31 - 60 hari
61 - 90 hari
Lebih dari 90 hari
1.381.423
1.604.178
339.062
51.163
75.253
168.530
483.855
61.838
32.046
165.000
Current
Overdue:
1 - 30 days
31 - 60 days
61 - 90 days
More than 90 days
Jumlah
2.015.431
2.346.917
Total
(59.265)
1.956.166
51
(86.835)
2.260.082
5.
5.
6.
2008
86.835
37.078
6.753
51.613
(34.323)
(1.856)
59.265
86.835
6.
2008
31.227
1.560
29.971
2.207
2.219
4.620
Non-trade Receivables
In Rupiah
Officers and employees
NICI
Others
(each below Rp1,000)
62.974
44.388
12.723
2.261
558
10.182
4.594
-
113.522
95.962
Total
121.494
113.646
45.960
3.272
2.674
101.024
52.253
45.960
3.445
-
3.150
5.877
121
Non-trade Payables
In Rupiah
PT Purwa Wana Lestari
PT Bangun Sriwijaya Sentosa
PT Giat Sembada Sentosa
PT Indomobil Prima Niaga
NICI
Others
(each below Rp1,000)
In foreign currency (Note 33)
Others
(each below Rp1,000)
290.317
208.559
Total
52
6.
6.
PERSEDIAAN
7.
INVENTORIES
Inventories consist of:
2008
Barang jadi
Barang dalam proses
Bahan baku dan bahan kemasan
Pupuk, bahan bakar, perlengkapan
umum, suku cadang dan lainnya
Persediaan dalam perjalanan
1.826.389
73.667
2.525.269
1.770.528
66.762
3.565.889
557.633
198.119
624.533
79.008
Jumlah
Penyisihan atas persediaan usang
5.181.077
(63.593)
6.106.720
(45.501)
Bersih
5.117.484
6.061.219
2009
Total
Allowance for inventory obsolescence
Net
Finished goods
Work in-process
Raw and packaging materials
Fertilizers, fuel, general supplies,
spare parts and others
Inventories in-transit
2008
45.501
51.310
52.795
10.644
(34.703)
(16.453)
63.593
45.501
53
8.
8.
9.
Nilai
Perolehan/
Cost
Nilai Tercatat/
Carrying Value
Metode Ekuitas
NICI
Nissinmas
Ghana Sumatra Limited (GSL)
25.000
17.795
5.082
(822)
(17.795)
-
24.178
5.082
At Equity Method
NICI
Nissinmas
Ghana Sumatra Limited (GSL)
47.877
(18.617)
29.260
2.380
31.640
2.380
50.257
(18.617)
2008
Akumulasi
Bagian Laba/
(Rugi) Bersih/
Accumulated Equity
Share in Net
Earnings/(Losses)
Nilai
Perolehan/
Cost
Nilai Tercatat/
Carrying Value
Metode Ekuitas
NICI
Nissinmas
25.000
17.795
(4.257)
(17.795)
20.743
-
At Equity Method
NICI
Nissinmas
42.795
(22.052)
20.743
2.373
45.168
(22.052)
45.168
(22.052)
54
2.373
23.116
141.748
164.864
9.
10. PLANTATIONS
Mature Plantations
Biaya Perolehan
Saldo awal
Reklasifikasi dari tanaman belum
menghasilkan
Kapitalisasi biaya dan penjualan
Penyesuaian dari akuisisi hak minoritas
Anak Perusahaan
Saldo akhir
Akumulasi Amortisasi
Saldo awal
Penambahan
Penjualan
2008
107.949
Cost
Beginning balance
Reclassifications from immature
plantations
Costs capitalized and disposals
Adjustments due to acquisitions of
minority equity interests in Subsidiaries
4.735.721
4.422.055
Ending balance
4.422.055
232.402
(26.685)
803.377
246.042
(5.701)
3.863.671
570.300
(11.916)
557.893
250.894
(5.410)
Accumulated Amortization
Beginning balance
Additions
Disposals
Saldo akhir
1.043.718
803.377
Ending balance
Nilai Buku
3.692.003
3.618.678
55
2009
(Ribuan Hektar)/
(Thousands of
Hectares)
2008
(Ribuan Hektar)/
(Thousands of
Hectares)
Kelapa sawit
Karet
Lain-lain*)
133
17
11
124
18
3
Oil palm
Rubber
Others*)
Jumlah
161
145
Total
*)
Immature Plantations
2008
Saldo awal
Kapitalisasi biaya
Reklasifikasi ke tanaman telah
menghasilkan
Penyesuaian dari akuisisi hak minoritas
Anak Perusahaan
Lain-lain
1.593.691
679.277
Saldo akhir
2.027.025
(232.402)
(6.369)
(7.172)
1.499.069
668.234
(570.300)
8.167
(11.479)
1.593.691
Beginning balance
Costs capitalized
Reclassification to mature
plantations
Adjustments due to acquisitions of
minority equity interests in Subsidiaries
Others
Ending balance
2008
(Ribuan Hektar)/
(Thousands of
Hectares)
Kelapa sawit
Karet
Lain-lain
61
4
1
59
4
1
Oil palm
Rubber
Others
Jumlah
66
64
Total
56
Saldo Awal/
Beginning
Balance
Nilai Tercatat
Hak atas tanah,
sarana dan
prasarana tanah
Bangunan, struktur
dan pengembangan
Mesin dan peralatan
Alat-alat transportasi
Perabotan dan
peralatan kantor
Jalan dan jembatan
Pengembangan gedung
yang disewa
Aset sewaan
Aset dalam
penyelesaian
Jumlah Nilai Tercatat
Akumulasi Penyusutan
Dan Amortisasi
Hak atas tanah,
sarana dan
prasarana tanah
Bangunan, struktur
dan pengembangan
Mesin dan peralatan
Alat-alat transportasi
Perabotan dan
peralatan kantor
Jalan dan jembatan
Pengembangan gedung
yang disewa
Aset sewaan
Penambahan/
Additions
Penambahan
dari
Pengambilalihan
Anak
Perusahaan/
Additions from
New
Subsidiaries
Acquired
Reklasifikasi/
Reclassifications
Pengurangan/
Deductions
Saldo Akhir/
Ending
Balance
Carrying Value
1.851.351
352.941
17.074.238
1.201.489
63.304
25.654
4.783
1.285.664
3.671.642
6.744.204
1.750.584
36.912
124.940
374.119
6.738
583
908
275.735
477.047
6.338
12.074
111.902
170.445
3.978.953
7.234.872
1.961.504
617.652
42.127
59.426
-
247
-
35.873
-
47.431
-
665.767
42.127
30.545
26.936
413
2.412
565
5.741
30.393
23.607
1.079.438
1.592.560
15.164.617
2.254.086
8.476
(820.647)
-
Accumulated Depreciation
and Amortization
60.635
9.417
75
69.977
1.019.842
3.185.450
829.389
178.841
440.225
173.232
7.714
55.276
88.252
1.190.969
3.570.399
914.369
456.108
8.993
81.313
-
44.688
-
492.733
8.993
15.220
2.435
328
1.543
913
264
14.635
3.714
5.578.072
884.899
197.182
6.265.789
Nilai buku
9.586.545
10.808.449
57
Saldo Awal/
Beginning
Balance
Nilai Tercatat
Hak atas tanah,
sarana dan
prasarana tanah
Bangunan, struktur
dan pengembangan
Mesin dan peralatan
Alat-alat transportasi
Perabotan dan
peralatan kantor
Jalan dan jembatan
Pengembangan gedung
yang disewa
Aset sewaan
Aset dalam penyelesaian
Jumlah Nilai Tercatat
Penambahan/
Additions
Penambahan
dari
Pengambilalihan
Anak
Perusahaan/
Additions from
New
Subsidiaries
Acquired
Reklasifikasi/
Reclassifications
Pengurangan/
Deductions
Saldo Akhir/
Ending
Balance
Carrying Value
1.151.175
55.777
80.235
4.812
90.510
1.201.489
3.192.093
5.781.445
1.588.048
133.435
242.254
187.676
134.549
464.691
24.936
253.976
312.354
2.303
42.411
56.540
52.379
3.671.642
6.744.204
1.750.584
557.767
42.127
52.589
25.398
-
6.126
-
24.228
-
617.652
42.127
30.574
20.518
457.494
142
6.418
1.155.471
46.044
171
-
30.545
26.936
1.079.438
12.821.241
1.833.762
775.853
266.239
15.164.617
Akumulasi Penyusutan
Dan Amortisasi
Hak atas tanah,
sarana dan
prasarana tanah
Bangunan,
struktur dan
pengembangan
Mesin dan peralatan
Alat-alat transportasi
Perabotan dan
peralatan kantor
Jalan dan jembatan
Pengembangan gedung
yang disewa
Aset sewaan
(579.571)
-
Accumulated Depreciation
and Amortization
Landrights and land
improvements
55.072
9.237
795
4.469
60.635
835.267
2.670.150
672.837
145.570
316.461
167.670
51.457
224.915
16.500
12.452
26.076
27.618
1.019.842
3.185.450
829.389
396.248
8.993
65.216
-
19.618
-
24.974
-
456.108
8.993
15.078
780
309
1.655
167
-
15.220
2.435
Buildings, structures
and improvements
Machinery and equipment
Transportation equipment
Furniture, fixtures
and office equipment
Roads and bridges
Building leasehold
improvements
Leased assets
4.654.425
706.118
313.285
95.756
5.578.072
Nilai buku
8.166.816
9.586.545
2008
56.180
(80.412)
59.498
(52.115)
(24.232)
7.383
58
Jumlah
Tercatat/
Carrying
Amount
Tanggal
Perkiraan Penyelesaian/
Estimated Date of
Completion
91,03%
120.504
Land improvements
50,50%
311.090
50,00%
1.419.757
Jumlah
1.851.351
Total
2008
Perkiraan %
Penyelesaian/
Estimated %
of Completion
Jumlah
Tercatat/
Carrying
Amount
Tanggal
Perkiraan Penyelesaian/
Estimated Date of
Completion
77,11%
102.372
50,00%
311.423
49,50%
663.156
49,50%
2.129
32,50%
358
Transportation equipment
Alat-alat transportasi
Jumlah
1.079.438
59
Land improvements
Total
2008
751.730
50.026
83.143
596.940
43.079
66.099
Jumlah
884.899
706.118
Total
60
12. GOODWILL
12. GOODWILL
2009
2008
4.481.524
8.899
3.071.823
-
Disajikan kembali
4.490.423
3.071.823
As restated
1.602.681
(192.980)
Additions
Deductions
Penambahan
Pengurangan
Saldo akhir tahun
142.905
(245.568)
4.387.760
4.481.524
2008
2.598.148
(133.238)
2.598.148
-
2.464.910
2.598.148
61
JANGKA
PENDEK
DAN
2008
1.350.000
1.350.000
145.000
300.000
100.000
800.000
25.000
290.000
In Rupiah
Company
Mandiri
Working capital
PT Bank Sumitomo Mitsui
Indonesia (Sumitomo)
Working capital
BCA
Revolving time loans
CIMB Niaga
Fixed loans
887.000
-
80.000
158.636
710.000
780.000
359.200
100.602
-
538.453
50.000
1
113.000
14.297
50.000
90.000
16.000
Subsidiaries
BCA
Time loans
Overdrafts
Mandiri
Working capital
PT Bank Rabobank International
Indonesia (Rabobank)
Working capital
DBS
Accounts payable financing
Working capital
CIMB Niaga
Fixed loan
Revolving time loans
Overdrafts
BRI
Working capital
PT ANZ Panin Bank (ANZ)
Working capital
Others
(each below Rp50,000)
3.776.803
4.530.386
Sub-total
62
PENDEK
DAN
2009
Dalam mata uang asing (Catatan 33)
Perusahaan
Citibank
Modal kerja
US$38.000.000 pada tahun 2009
(2008: US$50.000.000)
SMBC
Modal kerja
US$20.000.000 pada tahun 2009
(2008: US$70.000.000)
The Bank of Tokyo-Mitsubishi
UFJ,Ltd., Cabang Jakarta (BTMU)
Modal kerja
US$20.000.000 pada tahun 2009
(2008: US$50.000.000)
Rabobank
Modal kerja
(US$70.000.000)
Lain-lain (masing-masing
di bawah Rp50.000)
Anak Perusahaan
SMBC
Modal kerja
US$50.000.000 pada tahun 2009
(2008: US$30.000.000)
ANZ
Modal Kerja
(US$10.000.000)
Lain-lain (masing-masing
di bawah Rp50.000)
2008
357.200
547.500
188.000
766.500
188.000
547.500
766.500
37.600
38.325
Subsidiaries
SMBC
Working Capital
US$50,000,000 in 2009
(2008: US$30,000,000)
ANZ
Working Capital
(US$10,000,000)
Others
(each below Rp50,000)
Sub-jumlah
1.240.800
3.104.325
Sub-total
Jumlah
5.017.603
7.634.711
Total
470.000
328.500
109.500
Jatuh tempo/
Maturity
September 2010/
September 2010
100.000
25.000
63
Januari 2010/
January 2010
In Rupiah
Company
Mandiri
Working capital
Sumitomo
Working capital
BCA
Revolving time loans
CIMB Niaga
Fixed Loan
PENDEK
DAN
Jumlah/
Amount
Dalam Rupiah (lanjutan)
Anak Perusahaan
BCA
Pinjaman berjangka
Jatuh tempo/
Maturity
800.000
80.000
7.000
Mandiri
Modal kerja
Rabobank
Modal kerja
359.200
Januari 2011/
January 2011
DBS
Pembiayaan hutang dagang
100.602
Januari 2010/
January 2010
50.000
September 2010/
September 2010
September 2010/
September 2010
CIMB Niaga
Pinjaman tetap
Cerukan
BRI
Modal kerja
Sub-jumlah
Dalam mata uang asing
Perusahaan
Citibank
Modal kerja (US$38.000.000)
SMBC
Modal kerja
(US$20.000.000)
BTMU
Modal kerja
(US$20.000.000)
Commonwealth
Modal kerja
(US$4.000.000)
Anak Perusahaan
SMBC
Modal Kerja
(US$50.000.000)
1
50.000
3.776.803
357.200
188.000
Mandiri
Working capital
Rabobank
Working capital
DBS
Accounts payable financing
CIMB Niaga
Fixed loan
Overdraft
BRI
Working capital
Sub-total
188.000
37.600
Februari 2010/
February 2010
470.000
In Rupiah (continued)
Subsidiaries
BCA
Time loans
Oktober 2010/
October 2010
In foreign currency
Company
Citibank
Working capital (US$38,000,000)
SMBC
Working capital
(US$20,000,000)
BTMU
Working capital
(US$20,000,000)
Commonwealth
Working capital
(US$4,000,000)
Subsidiaries
SMBC
Working capital
(US$50,000,000)
Sub-jumlah
1.240.800
Sub-total
Jumlah
5.017.603
Total
64
DAN
Mata Uang
2008
Rupiah
Dolar AS
PENDEK
2009
9,00% - 15,38%
1,63% - 10,25%
Currency Denomination
8,9% - 16,0%
3,4% - 12,0%
Rupiah
US Dollar
Perusahaan
Company
a)
b)
a)
b)
Anak Perusahaan
Subsidiaries
Berdasarkan
persyaratan-persyaratan
dalam
perjanjian pinjaman, Perusahaan dan Anak
Perusahaan yang menjadi debitur diharuskan
untuk memperoleh persetujuan tertulis sebelumnya
dari bank kreditur sehubungan dengan transaksitransaksi yang mencakup jumlah yang melebihi
batas tertentu yang telah disetujui oleh setiap bank
kreditur, antara lain, merger atau akuisisi;
penjualan atau penjaminan aset dan melakukan
transaksi dengan syarat dan kondisi yang tidak
sama jika dilakukan dengan pihak ketiga dan
perubahan kepemilikan mayoritas.
65
PENDEK
DAN
2008
139.597
363.756
2.153.921
Total
110.344
89.069
152.148
83.536
647.879
80.807
447.166
592.543
174.588
66
Mata Uang
2008
Rupiah
Dolar AS
2009
9,80%
1,25% - 8,00%
8,75% - 8,90%
3,60% - 8,00%
Currency Denomination
Rupiah
US Dollar
Hutang
trust
receipts
pada
tanggal
31 Desember 2009 akan jatuh tempo pada
berbagai tanggal di bulan Januari sampai dengan
bulan Maret 2010.
2009
2008
Citibank
ANZ
Mandiri
SCB
HSBC
PT Bank BNP Paribas Indonesia
RBS
Deutsche
CIMB Niaga
Commonwealth
BII
PT Bank Danamon Indonesia Tbk
Rabobank
125.000.000
100.000.000
90.000.000
60.000.000
50.000.000
50.000.000
50.000.000
45.000.000
25.000.000
13.500.000
10.000.000
-
125.000.000
100.000.000
90.000.000
60.000.000
50.000.000
50.000.000
50.000.000
50.000.000
25.000.000
16.200.000
60.000.000
35.000.000
70.000.000
Citibank
ANZ
Mandiri
SCB
HSBC
PT Bank BNP Paribas Indonesia
RBS
Deutsche
CIMB Niaga
Commonwealth
BII
PT Bank Danamon Indonesia Tbk
Rabobank
Jumlah
618.500.000
781.200.000
Total
67
2008
130.583
56.664
51.136
5.414
97.905
618.369
848.156
275.606
115.583
62.762
678.155
324.074
103.528
287.897
270.368
1.604.014
2.449.368
49.242
22.113
9.211
39.707
13.197
9.594
1.859
2.166
Related Parties
In Rupiah
NICI
PT Buana Distrindo
PT Nissinmas
Others
(each below Rp1,000)
179
-
657
82.604
65.321
1.686.618
2.514.689
Total
Third Parties
In Rupiah
PT Total Chemindo Loka
PT Meroke Tetap Jaya
PT Fajar Surya Wisesa
PT Sasco Indonesia
Others
(each below Rp50,000)
43.853
83.329
68
2009
2008
Lancar
Telah jatuh tempo:
1 - 30 hari
31 - 60 hari
61 - 90 hari
Lebih dari 90 hari
1.228.226
2.106.076
256.569
47.235
108.725
45.863
273.337
92.940
28.225
14.111
Current
Overdue:
1 - 30 days
31 - 60 days
61 - 90 days
More than 90 days
Jumlah
1.686.618
2.514.689
Total
2008
447.061
436.998
86.646
85.929
57.170
362.744
324.478
59.446
115.807
37.064
212.664
203.856
1.326.468
1.103.395
Net
18. PERPAJAKAN
18. TAXATION
Prepaid taxes consist of:
2008
303
28
19.558
251.029
504
173
43.668
216
4.546
137.890
208
271.422
186.701
Income taxes:
Article 21
Article 22
Article 23
Article 25
Value-added tax
Other taxes
2008
6.015
471
238.018
1.249
4.503
20.089
945
76.778
673
36.430
250.256
134.915
69
Company
Income taxes
Article 21
Article 23
Article 25/29
Article 26
Value-added tax - net
Sub-total
2008
Anak Perusahaan
Pajak penghasilan
Pasal 15
Pasal 21
Pasal 22
Pasal 23
Pasal 25/29
Pasal 26
Pajak pertambahan nilai - bersih
Pajak bumi dan bangunan
896
13.015
170
11.731
272.057
2.977
77.902
565
149
18.356
9.026
424.280
311
11.054
-
Subsidiaries
Income taxes
Article 15
Article 21
Article 22
Article 23
Article 25/29
Article 26
Value-added tax - net
Property tax
Sub-jumlah
379.313
463.176
Sub-total
Jumlah
629.569
598.091
Total
70
2009
2008
4.063.813
2.599.823
(2.525.622)
(117.732)
(3.144.561)
477.529
1.420.459
(67.209)
Ditambah (dikurangi):
Beda temporer (terutama terdiri dari
perbedaan penyusutan antara
fiskal dan komersial serta
penyisihan untuk kewajiban
diestimasi imbalan kerja karyawan)
Beda tetap (terutama terdiri dari beban
kesejahteraan karyawan,
representasi, sumbangan
dan beban bunga)
Pendapatan yang telah dikenakan
pajak penghasilan yang bersifat final
Taksiran Laba Kena Pajak
- Perusahaan
331.148
25.553
246.818
321.340
(33.289)
(21.532)
1.965.136
71
258.152
Add (deduct):
Temporary differences (mainly
consisting of the excess of tax
over book depreciation and
provision for estimated liabilities
for employee benefits)
Permanent differences (mainly consisting
of employee benefits, representations,
donations and interest expense)
Income already subjected to final tax
Estimated Taxable Income
- Company
2009
Laba sebelum manfaat/(beban)
pajak penghasilan berdasarkan
laporan laba rugi konsolidasi
Beban pajak penghasilan sesuai
dengan batas tarif pajak
yang berlaku
Pengaruh pajak atas beda tetap
(terutama terdiri dari imbalan
kerja karyawan, tanggung
jawab sosial Perusahaan dan
sumbangan dan beban bunga)
Rugi fiskal yang dikompensasikan
Pendapatan yang telah dikenakan
pajak penghasilan yang
bersifat final
Pengaruh atas penurunan tarif pajak
Lain-lain
Beban Pajak Penghasilan - Bersih
per Laporan Laba Rugi Konsolidasi
2008
Income before income tax benefit/
(expense) per consolidated
statements of income
4.063.813
2.599.823
1.080.657
671.714
116.969
19.236
262.449
21.503
(25.900)
(1.609)
17.679
(30.414)
(189.353)
65.654
1.207.032
801.553
2008
451.981
1.029.805
64.526
1.116.786
1.481.786
1.181.312
294.225
757.748
318.332
692.507
1.051.973
1.010.839
Estimated Corporate
Income Tax Payable
72
Perusahaan
Anak Perusahaan
Jumlah
2008
238.018
272.057
76.778
424.280
Company
Subsidiaries
510.075
501.058
Total
80.262
-
330.584
-
Jumlah
80.258
330.584
Total
2008
181.422
156.045
13.594
5.211
(89.092)
81.419
Jumlah
348.599
229.515
Total
199.876
2.663
1.306
(1.596.590)
(371.833)
Jumlah
(1.764.578)
(1.888.123)
Total
73
Tahun Pajak
Fiscal Year
SIMP dan Anak Perusahaan
Laba fiskal/Taxable income
Laba fiskal/Taxable income
2006
2004
297.728
74.011
Tagihan
kelebihan
pembayaran
pajak
penghasilan dan pajak pertambahan nilai
2006
2005
2004
2004
2004
59.041
1.420
137
66
13
143.350
131
441.078
74.142
Jumlah
Keberatan
Termasuk Bunga
Jumlah yang
dan Denda/
Dibebankan
Amounts
pada Operasi/
Appealed,
Amounts Charged Including Interest
to Operations
and Penalties
Jumlah yang
Disetujui/
Amounts
Approved
10.327
1.224
27
13
196
110
66
-
48.714
-
Tahun Pajak/
Fiscal Year
SIMP dan Anak Perusahaan
Pajak Penghasilan/Income Taxes
Pasal 15/Article 15
Pasal 21/Article 21
Jumlah Setelah
Koreksi/
Amount
as Corrected
Jumlah yang
Ditagih/
Amounts Claimed
Tahun Pajak
Fiscal Year
Jumlah yang
Dikoreksi/
Amount of
Corrections
Jumlah yang
Dilaporkan/
Amount Reported
2006
2006
2004
2006
2004
2006
2004
2006
74
8
3.073
12
4.114
2
167
58
183.511
Jumlah yang
Dibebankan
pada Operasi/
Amounts Charged
to Operations
8
12
13
2
58
-
Jumlah
Keberatan
Termasuk Bunga
dan Denda/
Amounts
Appealed,
Including Interest
and Penalties
3.073
4.101
167
183.511
Tahun Pajak/
Fiscal Year
CKA
Pajak pertambahan nilai/Value-added tax
IFL
Pajak Penghasilan/Income Taxes
Pasal 21/Article 21
Pasal 23/Article 23
Pasal 29/Article 29
Pajak pertambahan nilai/Value-added tax
IDLK
Pajak Penghasilan/Income Taxes
Pasal 21/Article 21
Pasal 23/Article 23
Pasal 4 (2) dan 23/Articles 4 (2) and 23
Pasal 29/Article 29
Pajak pertambahan nilai/Value-added tax
2009
2008
2007
3.992
12.506
4.571
6
5
3.992
12.500
4.566
2007
2007
2007
2007
15
151
1.128
56
15
151
177
56
951
-
2008
2007
2008
2007
2008
2007
2008
2007
2008
2007
215
551
9
85
23
102
1.914
725
375
142
215
551
9
85
23
102
227
834
67
142
1.687
(109 )
308
-
Hutang Bank
Bank Loans
Long-term bank loans represent outstanding
borrowings obtained from local and foreign
banks, and financial institution, with details as
follows:
Jumlah yang
Dibebankan
pada Operasi/
Amounts Charged
to Operations
Jumlah
Keberatan
Termasuk Bunga
dan Denda/
Amounts
Appealed,
Including Interest
and Penalties
2008
475.000
460.600
460.600
250.000
250.000
1.540.079
21.959
1.468.967
30.458
75
In Rupiah
Company
BII
Term loan
Mandiri
Special transaction loans
BCA
Term loans
Subsidiaries
BCA
Investment loan
Working capital
2008
1.002.276
293.738
292.727
3.565
82.245
103.205
In Rupiah (continued)
BRI
Investment loan
CIMB Niaga
Investment loan
Mandiri
Investment loans
Others
(each below Rp50,000)
4.124.886
2.610.533
Sub-total
470.000
547.500
282.000
211.500
211.500
451.200
235.000
76
2008
141.000
94.000
Pinjaman Sindikasi
Pinjaman Sindikasi
US$144.000.000 pada tahun 2009
(2008: US$160.000.000)
Club Deal
(US$82.328.676)
1.353.600
1.752.000
901.499
Sub-jumlah
3.449.800
3.200.999
Sub-total
Jumlah
Dikurangi bagian yang jatuh
tempo dalam waktu
satu tahun
7.574.686
5.811.532
Total
1.331.737
606.610
6.242.949
5.204.922
Long-term Portion
475.000
Mandiri
Pinjaman transaksi
khusus
460.600
BCA
Pinjaman berjangka
250.000
Anak Perusahaan
BCA
Pinjaman investasi
Modal kerja
900.000
28.000
392.450
191.750
27.879
21.959
77
Cara Pembayaran/
Payment Mode
In Rupiah
Company
BII
Term loan
Mandiri
Special transaction
loan
BCA
Term loan
Subsidiaries
BCA
Investment loan
Working capital
Cara Pembayaran/
Payment Mode
Rupiah (lanjutan)
In Rupiah (continued)
Subsidiaries (continued)
BRI
Pinjaman investasi
BRI
716.446
285.830
CIMB Niaga
Pinjaman investasi
220.000
72.727
DBS
Pinjaman berjangka
43.995
Investment loan
CIMB Niaga
Investment loan
DBS
Term loan
In foreign currency
Company
ING Bank, Singapore
Term loan
$50.000.000
Rabobank
Pinjaman berjangka
$30.000.000
ANZ Bank
Pinjaman berjangka
$22.500.000
ANZ Bank
Term loan
DBS Singapura
Pinjaman berjangka
$22.500.000
DBS Singapore
Term loan
$48.000.000
Subsidiaries
DBS, Singapore
Working capital
ING
Pinjaman berjangka
$25.000.000
$15.000.000
CIMB, Singapura
Pinjaman berjangka
$10.000.000
$144.000.000
Anak Perusahaan
DBS, Singapura
Modal kerja
Pinjaman sindikasi
78
Rabobank
Term loan
ING
Term loan
SMBC & DBS
Term loan
CIMB, Singapore
Term loan
Syndicated loans
2009
2008
9,00% - 17,72%
1,50% - 7,65%
5,00% - 17,72%
3,72% - 7,50%
Currency Denomination
Rupiah
US Dollar
Fasilitas
pinjaman
investasi
sebesar
Rp1.000.000 diperoleh dari BCA. Pinjaman ini
dijamin oleh IndoAgri sesuai dengan
kepemilikannya di dalam modal SIMP sebesar
90%. Cicilan setiap kuartal dimulai sejak akhir
masa tenggang selama 9 bulan setelah
penarikan pertama dilakukan oleh SIMP
sampai dengan 51 bulan berikutnya dengan
total cicilan masing-masing tahun sebesar
Rp100.000 (atau 10% dari batas kredit
maksimum), Rp130.000 (atau 13% dari batas
kredit maksimum), Rp200.000 (atau 20% dari
batas kredit maksimum), Rp300.000 (atau 30%
dari batas kredit maksimum) dan Rp270.000
(atau 27% dari batas kredit maksimum).
79
80
81
i)
82
b.
Hutang Obligasi
2008
2.000.000
1.610.000
976.000
2.000.000
-
Face Value
Company
Rupiah Bonds III
Rupiah Bonds IV
Rupiah Bonds V
452.000
278.000
Subdisiary
Rupiah Bonds 2009 SIMP I
Sukuk Ijarah 2009 SIMP I
4.340.000
2.976.000
17.928
8.162
11.103
-
Company
Subsidiary
4.313.910
2.964.897
Net
Less current maturities
Perusahaan - Obligasi
Rupiah II dan III (setelah dikurangi beban
emisi ditangguhkan yang belum
diamortisasi sebesar
Rp691 pada tahun 2008)
Bagian jangka panjang
Bonds Payable
975.309
4.313.910
1.989.588
83
2008
6.910
15.425
-
Company
Rupiah Bonds III
Rupiah Bonds IV
Rupiah Bonds V
5.074
3.227
Subsidiary
Rupiah Bonds 2009 SIMP I
Sukuk Ijarah 2009 SIMP I
35.727
22.335
Total
Akumulasi amortisasi
Accumulated amortization
9.498
139
11.232
-
Jumlah
9.637
11.232
Total
26.090
11.103
Net
Bersih
Dikurangi beban emisi yang
ditangguhkan yang belum
diamortisasi dari Obligasi
Perusahaan Rupiah II dan III yang
jatuh tempo dalam setahun
Diskonto dan beban emisi yang
ditangguhkan bersih atas
bagian jangka panjang obligasi
dan wesel bayar berjaminan
26.090
(691)
10.412
Perusahaan
Company
(i)
(i)
84
Perusahaan (lanjutan)
Company (continued)
(i)
(i)
Selama
bulan
September
2005,
Perusahaan membeli kembali sebagian
obligasi dengan tingkat bunga 12,5% di
atas
dengan
jumlah
keseluruhan
Rp24.000 (sekitar 2,4% dari jumlah nilai
nominal obligasi yang diterbitkan) dengan
harga rata-rata pembelian sebesar
81,53% dari nilai nominal.
85
Perusahaan (lanjutan)
Company (continued)
(i)
(i)
(ii) 10.0125%
Rupiah
Rp2,000,000
Bonds
IV
86
Perusahaan (lanjutan)
Company (continued)
87
Perusahaan (lanjutan)
Company (continued)
Anak Perusahaan
Subsidiary
88
c.
Subsidiary (continued)
Jumlah Saham
Ditempatkan dan
Disetor Penuh/
Total Shares
Issued
and Fully Paid
4.394.603.450
3.203.180
632.370
50.000
12.750
Jumlah
Persentase
Kepemilikan/
Percentage of
Ownership
Jumlah/
Amount
Name of Shareholders
50,05%
0,04%
0,01%
-
439.460
320
64
5
1
4.381.924.750
49,90%
438.193
8.780.426.500
100,00%
878.043
Total
2008
Pemegang Saham
Jumlah Saham
Ditempatkan dan
Disetor Penuh/
Total Shares
Issued
and Fully Paid
Persentase
Pemilikan/
Percentage of
Ownership
Jumlah/
Amount
Name of Shareholders
4.394.603.450
3.203.180
632.370
400.000
50.000
12.750
400
50,05%
0,04%
0,01%
0,01%
-
439.460
320
64
40
5
1
-
4.381.524.350
49,89%
438.153
Jumlah
8.780.426.500
100,00%
878.043
Total
90
218.286
854.560
109.200
398.765
1.497.733
Total
(83.078)
Jumlah
i.
i.
ii.
ii.
91
2008
Pihak ketiga
Pihak yang mempunyai hubungan istimewa
36.163.432
977.398
37.972.354
826.925
Third parties
Related parties
Jumlah
37.140.830
38.799.279
Total
92
2008
819.758
654.515
765.478
529.448
570.408
389.890
118.906
90.786
52.924
44.923
38.878
490.483
308.360
96.897
90.376
34.222
39.807
57.998
24.882
24.088
17.307
16.000
13.556
13.287
176.259
23.566
18.227
20.073
13.257
15.841
64.892
62.000
Selling Expenses
Freight and handling
Advertising and promotions
Salaries, wages and employee
benefits (Note 29)
Distribution expenses
Rental and depreciation
Bad goods
Repairs and maintenance
Business traveling and transportation
Bad debts
Export tax, export administration,
other tax and licences
Stationeries and office supplies
Gasoline, diesel and transportation
Telecommunication
Utilities
Commission
Others
(each below Rp10,000)
2.955.000
2.742.292
1.246.504
1.119.691
170.055
134.156
129.971
157.085
113.631
92.310
121.163
104.012
67.073
53.445
27.268
19.132
18.304
14.046
120.218
81.543
33.567
42.206
33.189
18.419
15.382
9.071
57.608
56.837
2.162.737
1.893.149
5.117.737
4.635.441
93
YANG
i.
i.
ii.
ii.
b.
94
27. TRANSACTIONS
(continued)
WITH
RELATED
PARTIES
c.
c.
d.
d.
e.
SIMP
dan
Anak
Perusahaannya
menggunakan jasa pompa dari PT Sarana
Tempa Perkasa. Beban atas jasa pompa
untuk tahun yang berakhir pada tanggal 31
Desember 2009 adalah sebesar Rp4.209
(2008: Rp4.115) serta disajikan sebagai
bagian dari akun Beban Usaha - Penjualan
pada laporan laba rugi konsolidasi.
e.
f.
f.
g.
g.
95
27. TRANSACTIONS
(continued)
WITH
RELATED
PARTIES
h.
h.
i.
i.
28. PERJANJIAN-PERJANJIAN,
KOMITMENKOMITMEN DAN KONTINJENSI SIGNIFIKAN
a.
96
28. PERJANJIAN-PERJANJIAN,
KOMITMENKOMITMEN DAN KONTINJENSI SIGNIFIKAN
(lanjutan)
b.
b.
SIMP
mengadakan
kontrak
komoditi
berjangka dengan beberapa perusahaan lokal
dan asing, yang terutama ditujukan untuk
mengelola risiko kerugian yang timbul dari
fluktuasi harga komoditi yang diperdagangkan
oleh SIMP. Sesuai dengan ketentuan
PSAK No. 55, kontrak komoditi berjangka
tersebut tidak memenuhi persyaratan dan oleh
karena itu tidak dikategorikan sebagai lindung
nilai yang efektif untuk tujuan akuntansi.
c.
d.
d.
28. PERJANJIAN-PERJANJIAN,
KOMITMENKOMITMEN DAN KONTINJENSI SIGNIFIKAN
(lanjutan)
28. SIGNIFICANT
COMMITMENTS
(continued)
AND
AGREEMENTS,
CONTINGENCIES
e.
e.
f.
f.
g.
g.
h.
h.
98
SERVICE
2008
1.931.003
Jumlah
1.259.862
(83.751)
(587.390)
1.400.313
(88.945)
(330.825)
980.543
AND
2008
980.543
12.926
342.634
(76.241)
729.082
291.452
(90.550)
Sub-jumlah
Penambahan dari akuisisi Anak
Perusahaan baru (Catatan 1c)
1.259.862
929.984
50.559
Sub-total
Additions from newly acquired
Subsidiaries (Note 1c)
1.259.862
980.543
2008
148.250
176.507
8.558
23.821
104.449
143.936
8.562
58.494
(19.897)
5.395
(23.989)
Bersih
342.634
291.452
99
:
:
Divisi
Bogasari
Perusahaan
menyelenggarakan program pensiun manfaat
pasti dan iuran pasti yang mencakup pensiun
seluruh karyawan dan pekerjanya yang
memenuhi syarat.
Discount Rate
Salary increment rate
Mortality rate
Retirement age
2009
Kewajiban aktuarial
Nilai wajar dari aktiva
program pensiun
Bersih
2008
87.624
87.573
(71.551)
(62.899)
16.073
24.674
100
Actuarial liability
Fair value of plan assets
Net
c.
c.
d.
d.
101
102
Laba Bersih/
Net Income
Laba per Saham Dasar
Jumlah Rata-rata
Tertimbang
Saham/
Weighted
Average Number
of Shares
2.075.861
8.780.426.500
236
2008
Laba Bersih/
Net Income
Laba per Saham Dasar
Jumlah Rata-rata
Tertimbang
Saham/
Weighted
Average Number
of Shares
1.034.389
8.633.521.292
120
a.
a.
103
1.375.149
337.243
-
39.407
(9.085)
48.492
432.388
432.388
-
Nutrisi dan
Makanan Khusus/
Nutrition and
Special Food
15.096.873
24.378
7.550.945
1.731.074
(236.879 )
1.967.953
16.533.200
16.115.256
417.944
Sub - jumlah/
Sub - total
7.827.514
859
-
1.369.628
(153.997)
1.523.625
13.771.966
10.522.446
3.249.520
Bogasari/
Bogasari
17.227.119
5.082
-
1.778.024
(232.826 )
2.010.850
6.046.365
3.121.228
2.925.137
Perkebunan/
Plantations
2.204.827
1.321
-
75.392
(23.524)
98.916
5.139.052
3.788.975
1.350.077
Minyak Goreng
dan Margarin/
Cooking Oil
and Fats
708.233
-
(48.466 )
5.679
(54.145)
848.539
722.059
126.480
Komoditas/
Commodities
20.140.179
6.403
-
1.804.950
(250.671)
2.055.621
12.033.956
7.632.262
4.401.694
Sub - jumlah/
Sub - total
2.375.309
-
70.766
(11.532 )
82.298
2.870.866
2.870.866
-
Distribusi/
Distribution
(5.088.562 )
(7.550.945 )
27.791
27.791
(8.069.158 )
(8.069.158 )
Eliminasi/
Elimination
SALES
NET INCOME
Expenses Allocation
Total Sales
278.388
93.152
18.499
2.083
10.069
11.291
15.225
5.062
522.555
377.012
104
355.308
408.601
2.520.144
35.139
60.386
1.079.944
2.206.148
607.949
2.174.661
9.202.659
17.232.201
12.628
11.617
730.365
708.233
655.716
2.246.664
11.012.968
20.146.582
90.818
58.064
1.880.200
2.375.309
(5.511.827 )
(12.639.507 )
1.624.397
3.090.341
24.886.781
40.382.953
Segment Liabilities
Total Assets
265.424
14.985.296
7.828.373
200.374
154.773
22.672.196
109.747
337.243
Capital expenditures
and advances for purchase
of assets
139.288
313.042
2.365.019
302.205
12.216.469
Kewajiban Segmen
4.413.164
17.306.542
Jumlah Aset
40.351.313
31.640
-
(2.075.861 )
(780.920 )
(1.207.032 )
(940.396 )
5.004.209
(653.079 )
5.657.288
37.140.830
37.140.830
-
Jumlah/
Total
Segment assets
Long-term investment
Investments in Subsidiaries
313.042
-
44.911
(8.278)
53.189
703.260
703.260
-
Makanan Ringan/
Snack Food
12.754
(5.422)
18.176
569.262
395.530
173.732
Penyedap
Makanan/
Food Seasonings
Agribisnis/
Agribusiness
Pada Tanggal dan Tahun yang berakhir Pada Tanggal 31 Desember 2009/ As Of and For the Year Ended December 31, 2009
Aset segmen
Penyertaan jangka panjang
Investasi pada Anak Perusahaan
4.413.164
-
258.853
(2.943)
261.796
3.149.040
3.135.987
13.053
Dairy/
Dairy
a.
LABA BERSIH
9.731.219
24.378
7.550.945
(211.151)
Alokasi Biaya
1.586.300
11.679.250
Jumlah Penjualan
11.448.091
231.159
Mi Instan*/
Noodles*
PENJUALAN
Penjualan kepada pelanggan
eksternal
Penjualan antar segmen
a.
The original consolidated financial statements included herein are in Indonesian language.
The original consolidated financial statements included herein are in Indonesian language.
Pada Tanggal dan Tahun yang berakhir Pada Tanggal 31 Desember 2008/As Of and For the Year Ended December 31, 2008
Agribisnis/
Agribusiness
(8.199.359)
38.799.279
38.799.279
-
Total Sales
a.
4.742.037
-
(8.199.359)
4.927.909
Expenses Allocation
SALES
10.441.503
4.574.483
4.742.037
(117.697 )
(586.433 )
Jumlah/
Total
1.523.246
139.554
15.015.986
57.839
4.341.476
Eliminasi/
Elimination
5.166.985
1.378.609
1.662.800
2.966.611
(4.767 )
(117.697 )
Distribusi/
Distribution
3.751.272
3.056.320
6.545.594
61.392
(336.164)
53.072
Sub - jumlah/
Sub - total
11.661.937
3.282.057
6.807.592
238.609
(6.993 )
2.630.447
Komoditas/
Commodities
11.953.802
342.819
14.943.994
2.666.610
(27.736)
54.399
Minyak Goreng
dan Margarin/
Cooking Oil
and Fats
376.749
12.296.621
1.372.661
(301.435 )
210.873
Perkebunan/
Plantations
543.948
376.749
648.495
(132.217)
2.365.175
Bogasari/
Bogasari
312.370
167.892
543.948
33.915
(113.285 )
1.240.444
Sub-jumlah/
Sub- total
480.262
27.761
(5.271)
535.210
Nutrisi dan
Makanan Khusus/
Nutrition and
Special Food
10.720.735
174.927
-
16.110
(4.526)
28.644
Makanan Ringan/
Snack Food
PENJUALAN
Penjualan kepada pelanggan
eksternal
Penjualan antar segmen
10.895.662
(2.623)
23.235
Penyedap
Makanan/
Food Seasonings
Jumlah Penjualan
570.709
-
13.487
Dairy/
Dairy
Mi Instan*/
Noodles*
Alokasi Biaya
469.844
(801.553 )
18.716
NET INCOME
4.737.424
83.256
232.343
232.343
75.253
288.924
288.924
124.572
280.054
280.054
15.015.231
21.965.040
15.059.173
20.944
6.884.923
5.046.995
9.104.650
9.103.791
859
-
8.573.261
15.228.785
15.087.037
141.748
-
706.901
1.822.287
1.821.994
293
-
781.022
810.038
809.018
1.020
-
10.061.184
17.861.110
17.718.049
143.061
-
1.768.323
2.232.872
2.232.872
-
(5.459.364 )
(11.572.363 )
(4.687.440 )
(6.884.923 )
26.432.369
39.591.309
39.426.445
164.864
-
Total Assets
Segment assets
Long-term investment
Investments in Subsidiaries
1.034.389
(1.741.653 )
9.520.428
20.944
6.884.923
2.756.133
4.737.424
11.976.017
16.426.295
Aset segmen
Penyertaan jangka panjang
Investasi pada Anak Perusahaan
Jumlah Aset
275.339
7.997
14.876
14.296
4.602
197.049
302.814
316.369
205.962
598.973
1.707.908
31.847
49.985
15.611
10.330
646.431
1.768.223
59.725
55.304
1.219.574
2.332.303
Capital expenditures
Segment Liabilities
Kewajiban Segmen
Pengeluaran modal
9.104
19.408
154.241
105
b.
Informasi
mengenai
segmen
usaha
berdasarkan area geografis adalah sebagai
berikut:
2009
2008
Penjualan Bersih
Domestik
Luar Negeri
33.113.518
4.027.312
32.990.678
5.808.601
Net Sales
Domestic
Overseas
Jumlah
37.140.830
38.799.279
Total
Laba Usaha
Domestik
Luar Negeri
4.127.211
876.998
3.146.474
1.195.002
Jumlah
5.004.209
4.341.476
Total
Jumlah Aset
Domestik
Luar Negeri
37.158.957
3.223.996
37.081.840
2.509.469
Total Assets
Domestic
Overseas
Konsolidasi
40.382.953
39.591.309
Consolidated
LIABILITIES
IN
FOREIGN
31 Desember 2009
(Tanggal Neraca)/
December 31, 2009
(Balance Sheet Date)
(Tanggal Penyelesaian
Laporan Keuangan)/
18 Maret 2010
(Financial
Statements
Completion Date)
78.851
76.502
Assets
Cash and cash equivalents
In US Dollar
In Singapore Dollar
In Malaysian Ringgit
In Euro
Accounts receivable trade
In US Dollar
In Singapore Dollar
Accounts receivable non-trade
In US Dollar
2.384.581
2.315.015
US$
Sin$
RM
EUR
196.672.963
26.365.123
2.148.638
12.351
1.848.726
176.607
5.903
167
1.793.657
172.552
5.935
155
US$
Sin$
28.268.142
1.284.792
265.721
8.606
257.805
8.409
US$
8.388.387
106
MATA
UANG
ASING
IN
FOREIGN
31 Desember 2009
(Tanggal Neraca)/
December 31, 2009
(Balance Sheet Date)
(Tanggal Penyelesaian
Laporan Keuangan)/
18 Maret 2010
(Financial
Statements
Completion Date)
Liabilities
US$
132.000.000
1.240.800
1.203.840
US$
38.697.429
363.756
352.921
US$
AUD
RM
Sin$
EUR
CHF
GBP
JP
CAD
DKK
THB
77.155.202
826.862
79.342
151.133
362.955
6.370
28.469
12.410.375
1.192
6.412
6.700.000
725.259
6.972
218
1.012
4.903
58
430
1.262
11
12
1.890
703.655
6.958
219
989
4.542
55
397
1.254
11
11
1.891
US$
EUR
RM
Sin$
JP
AUD
664.403
25.149
34.038
75.686
41.612.500
2.194
6.245
340
94
507
4.232
18
6.059
315
94
495
4.205
18
US$
367.000.000
3.449.800
3.347.040
5.807.819
5.634.969
3.423.238
3.319.954
107
31 Desember 2008
Saldo setelah
Reklasifikasi/
December 31, 2008
Balance after
Reclassification
Reklasifikasi/
Reclassifications
461.862
81.594
(275.161)
275.161
186.701
356.755
811.365
26.443
-
(281.917)
(26.443)
308.360
529.448
308.360
35. STANDARDS
EFFECTIVE
Prepaid taxes
Claims for tax refunds
Selling expenses Advertising and promotions
Selling expenses - Distributor incentives
Selling expenses - Distribution expenses
ISSUED
BUT
NOT
YET
i.
i.
ii.
ii.
iii.
iv.
iv.
108
36. STANDARDS
ISSUED
EFFECTIVE (continued)
BUT
v.
v.
NOT
YET
viii.
109
36. STANDARDS
ISSUED
EFFECTIVE (continued)
BUT
NOT
YET
x.
x.
xi.
xii.
xiii.
xiii.
xiv.
xv.
xv. IFAS No. 7 (Revised 2009), ConsolidationSpecial Purpose Entities (SPE), provides for
the consolidation of SPEs when the substance
of the relationship between an entity and the
SPE indicates that the SPE is controlled by
that entity.
110
36. STANDARDS
ISSUED
EFFECTIVE (continued)
BUT
NOT
YET
xvi. IFAS
No.
9,
Changes
in
Existing
Decommissioning, Restoration and Similar
Liabilities, applies to changes in the
measurement
of
any
existing
decommissioning, restoration or similar liability
recognised as part of the cost of an item of
property, plant and equipment in accordance
with SFAS No. 16 and as a liability in
accordance with SFAS No. 57.
Grup
sedang
mengevaluasi
dan
belum
menentukan dampak dari Standar, Interpretasi dan
Pencabutan Standar yang direvisi dan yang baru
tersebut
terhadap
laporan
keuangan
konsolidasinya.
111
37. PERISTIWA
NERACA
a.
PENTING
SETELAH
TANGGAL
37.
b.
c.
d.
112
SETELAH
TANGGAL
38. PENYELESAIAN
KONSOLIDASI
LAPORAN
KEUANGAN
38. COMPLETION
OF
THE
FINANCIAL STATEMENTS
CONSOLIDATED
113