PTIndahKiatPulp&PaperTbk.

Business

PulpandPaperProducts

CompanyStatus

PMDN

Underwriters

PTFICORINVEST,PTNomuraIndonesia,PTASEAM

Shareholders
2000
PTPurinusaEkapersada
NorbaxInc
CHPInternational(BVI)Corp.
Public

2005
PTPurinusaEkapersada
CHPInternational(BVI)Corp.
BritishVirginIslands
YFYGlobalInvestment(BVI)Corp.
BritishVirginIsland
YuenFongYuH.K.,coHongKong
Public

2001
52.64%
8.88%
5.88%
32.60%

PTPurinusaEkapersada
CHPInternational(BVI)Corp.
YFYGlobalInvestment(BVI)Corp.
Public

2006
52.46% PTPurinusaEkapersada
CHPInternational(BVI)Corp.
5.88% BritishVirginIslands
YFYGlobalInvestment(BVI)Corp.
2.56% BritishVirginIsland
0.05% YuenFongYuH.K.,coHongKong
39.05% Public

2002
52.62%
5.88%
2.79%
38.71%

PTPurinusaEkapersada
CHPInternational(BVI)Corp.BritishVirginIslands
AsiaPulp&PaperCo.Ltd.
YFYGlobalInvestment(BVI)Corp.
YFYHKCompanyLimited
Public

2003
52.46%
5.88%
4.20%
2.56%
0.05%
34.85%

PTPurinusaEkapersada
CHPInternational(BVI)Corp.BritishVirginIslands
AsiaPulp&PaperCo.Ltd.
YFYGlobalInvestment(BVI)Corp.
YFYHKCompanyLimited
Public

2007
52.72% PTPurinusaEkapersada
CHPInternational(BVI)Corp.
1.80% BritishVirginIslands
YFYGlobalInvestment(BVI)Corp.
0.77% BritishVirginIsland
0.05% YuenFongYuH.K.,coHongKong
44.66% Public

2008
52.72% PTPurinusaEkapersada
Public
1.80%
0.77%
0.05%
44.66%

2004
52.46%
5.88%
4.20%
2.56%
0.05%
34.85%

PTPurinusaEkapersada
CHPInternational(BVI)Corp.
BritishVirginIslands
YFYGlobalInvestment(BVI)Corp.
BritishVirginIsland
YuenFongYuH.K.,coHongKong
Public

52.46%
5.88%
2.56%
0.05%
39.05%

2009
52.72% PTPurinusaEkapersada
47.28% Public

30.00%
70.00%

Management & Number of Employees

Board of Commissioners
2000

President Commissioner
Vice President Commissioners
Commissioners

Board of Directors

Eka Tjipta Widjaja

Yue Yao Liu, Djafar Widjaja,
Ukichi Inomata
Indra Widjaja, Sukmawati Widjaja,
Samuel Bonsajang, Su Meng Huei,
Show Chung Ho, Kuo Cheng Shyong,
Suresh Kilam,
Ir.Gandi Sulistiyanto Soeherman

President Director
Vice President Directors

Number of Employees
12,146

Directors

Teguh Ganda Widjaja

Muktar Widjaja,
Franky Oesman Widjaja,
Chen Wang Chi, Hsu Cha Ming,
Hendra Jaya Kosasih
Njauw Kwet Meen, Ong Piet Tjing

2001

President Commissioner
Commissioners

Eka Tjipta Widjaja

Indra Widjaja, Sukmawati Widjaja,
Samuel Bonsajang, Su Meng Huei,
Show Chung Ho, Kuo Cheng Shyong,
Suresh Kilam, Gandi Sulistiyanto Soeherman

President Director
Directors

Teguh Ganda Widjaja

Njauw Kwet Meen, Ong Piet Tjing

24,288

2002

President Commissioner
Vice President Commissioners
Commissioners

Indra Wijaya
Ir. Gandi Sulistiyanto Soeherman
Show Chung Ho, Kuo Cheng Syong,
Raymond Liu, Ph.D, Lo Shang Shung, Letjend. TNI (Purn.) Soetedjo,
Hajjah Ryani Soedirman, Mas Achmad Daniri, Prof. DR. Teddy Pawitra,
Drs. Ferdinand A. Sonneville

President Director
Vice President Directors

Teguh Ganda Widjaja

Muktar Widjaja, Chen Wang Chi,
Chen Wang Chi, Hsu Cha Ming,
Hendra Jaya Kosasih
Njauw Kwet Meen, Ong Piet Tjing,
Suresh Kilam

17,608

Indra Wijaya
Ir. Gandi Sulistiyanto Soeherman
Show Chung Ho, Kuo Cheng Syong,
Raymond Liu, Ph.D, Lo Shang Shung, Letjend. TNI (Purn.) Soetedjo,
Hajjah Ryani Soedirman, Mas Achmad Daniri, Prof. DR. Teddy Pawitra,
Kamardy Arief

President Director
Vice President Directors

Teguh Ganda Widjaja

Muktar Widjaja, Chen Wang Chi,
Hsu Cha Ming, Hendra Jaya Kosasih,
Yudi Setiawan Lin
Didi Harsa, Agustian Rachmansjah
Partawidjaja, Suresh Kilam

15,751

Indra Wijaya
Ir. Gandi Sulistiyanto Soeherman
Show Chung Ho, Kuo Cheng Syong
Raymond Liu, Phd, Lo Shang Shung
Letjend. TNI (Purn) Soetedjo,
Hajjah Ryani Soedirman, Mas Achmad Daniri,
Prof. DR. Teddy Pawitra, Kamardy Arief

President Director
Vice President Directors

Teguh Ganda Widjaja

Muktar Widjaja
Chen Wang Chi
Hendra Jaya Kosasih
Yudi Setiawan Lin
Didi Harsa
Agustian Rachmansjah Partawidjaja
Suresh Kilam

16,131

Indra Wijaya
Ir. Gandi Sulistiyanto Soeherman
Show Chung Ho, Kuo Cheng Syong
Raymond Liu, Phd, Lo Shang Shung
Letjend. TNI (Purn) Soetedjo,
Hajjah Ryani Soedirman, Mas Achmad Daniri,
Prof. DR. Teddy Pawitra, Kamardy Arief

President Director
Vice President Directors

Teguh Ganda Widjaja

Muktar Widjaja, Chen Wang Chi,
Hendra Jaya Kosasih, Yudi Setiawan Lin
Didi Harsa, Agustian Rachmansjah Partawidjaja,
Suresh Kilam

16,131

Yudi Setiawan Lin

Ir. Gandi Sulistiyanto .S
Show Chung Ho
Kuo Cheng Syong
Lo Shang Shung
Indah Suryasari Wijaya L
Letjend. TNI (Purn) Soetedjo
Hajjah Ryani Soedirman
Mas Achmad Daniri
Prof. DR. Teddy Pawitra
Kamardy Arief

President Director
Vice President Directors

Teguh Ganda Widjaja

Suresh Kilam, Chen Wang Chi
Hendra Jaya Kosasih
Lin Shun Keng
Didi Harsa
Agustian Rachmansjah P
Raymond Liu, Ph.D
Ir. Buyung Wahab, MM
Baharudin

16,131

Teguh Ganda Widjaja

Ir. Gandi Sulistiyanto Soeherman
Indah Suryasari Wijaya Limantara, Frenky Loa,
Letjend. TNI (Purn) Soetedjo, Arthur Tahya,
Mas Achmad Daniri, Kamardy Arief, Ramelan, SH,
Hasanuddin The, Drs. Pande Putu Raka, MA

President Director
Vice President Directors

Yudi Setiawan Lin

Suresh Kilam, Linda Suryasari Wijaya Limantara,
Hendra Jaya Kosasih, Lin Shun Keng
Didi Harsa, Agustian Rachmansjah Partawidjaja,
Raymond Liu, Ph.D, Ir. Buyung Wahab, MM, Baharudin

15,128

Teguh Ganda Widjaja

Ir. Gandi Sulistiyanto Soeherman
Indah Suryasari Wijaya Limantara,
Letjend. TNI (Purn) Soetedjo, Arthur Tahya,
Mas Achmad Daniri, Drs. Pande Putu Raka, MA
Frenky Loa, Ramelan, SH

President Director
Vice President Directors

Yudi Setiawan Lin

Suresh Kilam, Lin Shun Keng, Hendra Jaya Kosasih,
Linda Suryasari Wijaya Limantara,
Didi Harsa, Agustian Rachmansjah Partawidjaja,
Ir. Buyung Wahab, MM, Baharudin, Hasanuddin The

15,316

Teguh Ganda Widjaja

Ir. Gandi Sulistiyanto Soeherman
Indah Suryasari Wijaya Limantara
Letjend. TNI (Purn) Soetedjo, Arthur Tahya
Mas Achmad Daniri, Drs. Pande Putu Raka, MA
Frenky Loa, Ramelan, SH

President Director
Vice President Directors

Yudi Setiawan Lin

Lin Shun Keng, Suresh Kilam
Linda Suryasari Wijaya Limantara, Hendra Jaya Kosasih
Didi Harsa, Agustian Rachmansjah Partawidjaja
Ir. Buyung Wahab, MM, Baharudin
Hasanuddin The, Raymond Liu, Ph.D

15,316

2003

2004

2005

2006

2007

2008

2009

President Commissioner
Vice President Commissioners
Commissioners

President Commissioner
Vice President Commissioners
Commissioners

President Commissioner
Vice President Commissioners
Commissioners

President Commissioner
Vice President Commissioners
Commissioners

President Commissioner
Vice President Commissioners
Commissioners

President Commissioner
Vice President Commissioners
Commissioners

President Commissioner
Vice President Commissioner
Commissioners

Directors

Directors

Directors

Directors

Directors

Directors

Directors

Directors

1998

1999

2000

Total Assets
Current Assets
of which
Cash on hand and in banks
Cash and cash equivalents
Prepaid
Trade receivables
Inventories
Short Term Investment
Advances
Non-current Assets
of which
Fixed Asset Net
Deffered Tax Assets-Net
Investments
Other Assets

39,846,052
10,139,723

42,504,739
11,951,437

55,134,858
7,642,089

685,150

3,266,469

581,217

Liabilities
Current Liabilities
of which
Bank loans
Bank borrowings
Short-term debts
Trade payables
Accrued expenses
Taxes payable
Current maturities of
long-term debt
Long-term Liabilities
of which
Bank borrowings
Convertible bonds
Non-current Liabilities
Minority Interests in Subsidiaries

2005

58,275,211
7,580,808

49,559,865
7,099,371

46,066,234
7,065,331

50,295,008
7,910,674

51,617,367
7,968,027

235,744

247,047

108,063

128,052

5,757,950
2,964,001

4,730,237
1,889,719

2,027,618

1,577,847

4,733,943

388,159

24,785,035

29,661,720

37,646,174

38,826,092

19,170
4,902,124

891,583

35,130
9,811,466

20,130,914
3,516,133

23,005,589
9,373,299

391,920
400,227

7,838
16,614,781

3,148,174
2,519,359

1,792,284
2,661,623

2,252,716
2,892,139

2,065,781
2,672,440

42,460,494

39,000,902

42,384,334

43,649,340

41,036
11,827,276

33,692,906
302,839
37,756
6,503

30,295,739
705,894
33,831
7,003

33,720,790
694,117
38,384
22,403

35,219,390
652,348
39,454
14,058

32,335,863
31,412,924

35,460,295
34,737,787

32,309,328
32,265,777

32,206,368
32,195,217

31,271,608
2,883,109

31,528,913
2,582,271

1,447,797

270,622

2,127,508

1,606,673

3,501,599

1,226,675

1,442,380
1,591,942

108,474
1,103,722

234,197
313,148

187,190
607,355

5,644,465
13,632,290

24,163,949
922,939

26,296,292
722,508

22,693,084

23,113,393

463,073

811,800

43,551

11,151

28,388,499

28,946,641
1,793

17,250,537
19,591,690

13,859,866
18,490,615

19,021,461
20,478,241

20,086,661
21,539,913

6,268,306
6,268,306

71,942

72,868

55,726

3,885,546

1,739,665

Net Sales
Cost of Good Sold
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Profit (Loss) before Taxes
Profit (Loss) after Taxes

8,222,595
3,939,790
4,282,805
821,896
3,460,909
(1,589,122)
1,871,787
1,874,400

9,274,645
5,457,905
3,816,740
774,070
3,042,670
(3,038,921)
3,749
28,592

Per Share Data (Rp)

Earnings (Loss) per Share
Equity per Share
Dividend per Share
Closing Price

122
1,258
2,175

Growth (%)
Indicators
Total Asset
Share Holder's Equity
Net Sales/Revenue
Net Provit

2004

5,037,095
1,871,927

3,894,246

1
2
3
4

2003

4,426,921
1,228,300

19,350,094
15,383,906

Current Ratio (x)

Debt to Equity (x)
Leverage Ratio (x)
Gross Profit Margin (x)
Operating Profit Margin (x)
Net Profit Margin (x)
Inventory Turnover (x)
Total Assets Turnover (x)
ROI (%)
ROE (%)

2002

224,800

Shareholders' Equity
Paid-up capital
Paid-up capital
in excess of par value
Revaluation of fixed Assets
Retained earnings (accumulated loss)

Financial Ratios
PER (x)
PBV (x)
Dividend Payout (%)
Dividend Yield (%)

(million rupiah)
2001

19,499,150
15,540,736

22,798,995
21,003,604

22,814,916
22,765,762
60,401

51,980

49,059

54,332

57,149

(11,248)

(2,393,133)

(4,679,808)

(1,511,113)

(1,510,402)

14,817,315
9,707,468
5,109,847
1,385,500
3,724,347
(7,160,930)
(3,436,583)
(3,844,553)

11,442,373
9,405,736
2,036,637
1,286,542
750,095
(3,309,234)
(2,559,139)
(1,896,867)

10,719,519
9,209,454
1,510,065
970,679
539,386
(3,196,533)
(2,657,147)
(2,383,453)

11,368,242
10,078,390
1,289,852
1,165,812
124,040
(2,841,246)
(2,717,206)
(2,421,170)

13,302,226
11,323,628
1,978,598
1,512,259
466,339
(2,517,777)
(2,051,438)
3,671,746

13,915,219
11,842,287
2,072,933
1,782,968
289,965
(132,046)
157,918
79,053

2
1,255
2,750

(183)
1,085
825

(83)
1,002
315

(433)
3,137
n.a
145

(442)
2,533
n.a
575

606
3,139
n.a
180

14
3,671
n.a
1,080

18
2
-

1,494.74
2.19
-

(4.51)
0.76
-

(3.78)
0.31
-

(0.33)
0.05
n.a
n.a

(1.30)
0.23
n.a
n.a

0.30
0.06
n.a
n.a

74.75
0.29
n.a
n.a

2.88
1.04
0.51
0.52
0.42
0.23
3.21
0.21
4.70
9.69

1.28
1.18
0.54
0.41
0.33
0.00
2.92
0.22
0.07
0.15

0.24
1.42
0.59
0.34
0.25
n.a.
3.28
0.27
(6.97)
(16.86)

0.22
1.55
0.61
0.18
0.07
n.a.
4.98
0.20
(3.26)
(8.31)

0.22
1.87
0.65
0.14
0.05
n.a
3.66
0.22
(4.81)
(13.82)

0.22
2.32
0.70
0.11
0.01
n.a
3.79
0.25
(5.26)
(17.47)

2.74
1.64
0.62
0.15
0.04
27.60
3.92
0.26
7.30
19.30

3.09
1.57
0.61
0.15
0.02
0.01
4.43
0.27
0.15
0.39

1998

1999
6.67
0.77
12.79
(98.47)

2000
29.71
16.92
59.76
(13,546.25)

2001
5.70
0.07
(22.78)
(50.66)

2002
(14.96)
(24.39)
(6.32)
25.65

2003
(7.05)
(19.66)
6.05
1.58

2004
9.18
37.24
17.01
(251.65)

2005
2.63
5.60
4.61
(97.85)

SUMMARY OF FINANCIAL STATEMENT

PT. Indah Kiat Pulp & Paper Corp (INKP)

2006

(millionrupiah)
2007

2008

TotalAssets
CurrentAssets
ofwhich
Cashandcashequivalents
Tradereceivables
Inventories
NonCurrentAssets
ofwhich
FixedAssetsNet
DefferedTaxAssetsNet
Investments
OtherAssets

47,646,020
6,622,009

51,689,503
7,078,710

65,349,184
10,044,696

366,894
1,389,658
3,322,875
41,024,012

195,412
1,593,910
3,872,115
44,610,793

482,213
2,319,968
5,150,218
55,304,489

34,343,343
899
37,273
12,711

37,659,803
1,038
39,987
13,375

47,725,347
5,962
42,877
77,339

Liabilities
CurrentLiabilities
ofwhich
Shorttermdebt
Tradepayable
Currentmaturitiesof

30,892,741
3,954,845

33,339,907
5,527,782

41,800,452
8,336,455

128,741
2,079,570

238,648
3,113,087

1,128,089
3,702,056

893,475
26,937,897
2,605

934,637
27,812,125
2,671

1,001,196
33,463,997
2,921

Shareholders'Equity
Paidupcapital
Paidupcapital
inexcessofparvalue
Retainedearnings(accumulatedloss)

16,750,675
19,755,866

18,346,926
20,618,338

23,545,812
23,969,721

52,416
(3,057,607)

54,704
(2,326,116)

63,596
(487,505)

NetSales
CostofGoodsSold
GrossProfit
OperatingExpenses
OperatingProfit
OtherIncome(Expenses)
Profit(Loss)beforeTaxes
Profit(Loss)afterTaxes

14,298,094
11,687,734
2,610,360
1,643,255
967,105
(1,203,454)
(236,349)
(1,672,305)

17,701,849
13,839,306
3,862,543
1,747,296
2,115,247
(1,064,299)
1,050,948
864,975

24,933,168
19,385,196
5,547,972
2,317,512
3,230,460
(1,067,008)
2,163,453
2,216,707

PerShareData(Rp)
Earnings(Loss)perShare
EquityperShare
DividendperShare
ClosingPrice

(306)
3,062
n.a
940

158
3,353
n.a
840

405
4,304
n.a
1,100

FinancialRatios
PER(x)
PBV(x)
DividendPayout(%)
DividendYield(%)

(3.08)
0.31
n.a
n.a

5.31
0.25
n.a
n.a

2.71
0.26
n.a
n.a

CurrentRatio(x)
DebttoEquity(x)
LeverageRatio(x)
GrossProfitMargin(x)
OperatingProfitMargin(x)
NetProfitMargin(x)
InventoryTurnover(x)
TotalAssetsTurnover(x)
ROI(%)
ROE(%)

1.67
1.84
0.65
0.18
0.07
n.a
3.52
0.30
(3.51)
(9.98)

1.28
1.82
0.65
0.22
0.12
0.05
3.57
0.34
1.67
4.71

1.20
1.78
0.64
0.22
0.13
0.09
3.76
0.38
3.39
9.41

longtermdebt
NonCurrentLiabilities
MinorityInterestsinSubsidiaries

PER=47.75x;PBV=0.45x(June2009)
FinancialYear:December31
PublicAccountant:JimmyBudhi&Co.