Annual Report

2012 ANNUAL REPORT / LAPORAN TAHUNAN

PRO V I C I E N C Y FOR A LIFE S OLU TION

DAFTAR ISI CONTENT 002

TEMA

Theme

003

FILOSOFI & VISI

Philosophy & Vision

004

PROFIL PERUSAHAAN

Company Profile

005

PENGHARGAAN

Awards

006

SAMBUTAN PRESIDEN KOMISARIS

Message from president commisiner

009

TAHAPAN PENCAPAIAN 2012

2012 Milestone

011

OTOMOTIF

Automotive

013

JASA KEUANGAN

Financial Services

017

ALAT BERAT

Heavy equipment

019

AGRIBISNIS

Agribusiness

021

INFRASTRUKTUR

Infrastruktur

023

ENDORSMENT

Testimonial

024

LAPORAN KEUANGAN

Financial Report (Audited)

025

DATA PERSEROAN

Corporate Data

026

STRUKTUR ORGANISASI

Organization Struckture

001

D A F TA R I S I / C O N T E N T

PROVICIENCY TO A BETTER FUTURE Untuk berkembang perlu impian dan perencanaan. Dengan

Each of us understands that growth requires both dreaming

berbekal kedua hal tersebut, Astra memenuhi harapan-

and planning and with both of these Astra can meet the

harapan para pemangku kepentingannya. Di tahun 2010

expectations of stakeholders.Win 2010, we saw the results

kami melihat hasil perencanaan di setiap unit usaha. Para

of planning in every business unit. Customers received what

pelanggan memperoleh apa yang mereka perlukan, sesuai

they needed, in the quantities they needed. Partners were

jumlah yang mereka butuhkan. Para mitra kerja selalu siaga

ready and knew exactly where we were moving to. Astra

dan mengetahui dengan tepat ke mana kami bergerak.

runs its businesses and turns dreams into reality: for families

Astra mengelola usahanya dan mengubah impian menjadi

to buy their first car, for businesses to expand capacity and

kenyataan: untuk keluarga yang membutuhkan pembiayaan

for people in the community to get a helping hand.

untuk membeli mobil pertamanya, untuk dunia usaha yang ingin meningkatkan kapasitasnya dan untuk masyarakat yang membutuhkan uluran tangan.

Untuk menjaga posisi kami di tengah persaingan, kami senantiasa memacu diri untuk berbuat lebih dari apa yang menjadi standar bisnis, untuk meraih keunggulan dimanapun kami berada.

To secure our position in the midst of competition, we push ourselves to go above and beyond the average, pursuing

T E M A / T H E M AT I C

002

FILOSOFI KAMI OUR PHILOSOPHY “CATUR DHARMA� t .FOKBEJ NJMJL ZBOH CFSNBOGBBU CBHJ CBOHTB EBO OFHBSB To be an asset to the nation.

t .FOHIBSHBJ JOEJWJEV EBO NFNCJOB LFSKB TBNB To respect individuals and promote teamwork.

t .FNCFSJLBO QFMBZBOBO UFSCBJL LFQBEB QFMBOHHBO To provide the best service to our customers.

t 4FOBOUJBTB CFSVTBIB NFODBQBJ ZBOH UFSCBJL To continually strive for excellence.

VISI KAMI OUR VISION t .FOKBEJ TBMBI TBUV QFSVTBIBBO EFOHBO QFOHFMPMBBO

To be one of the best managed corporations in Asia

terbaik di Asia Pasifik dengan penekanan pada pertumbuhan

Pacific with emphasis on sustainable growth by building

yang berkelanjutan dengan pembangunan kompetensi

competence through people development, solid financial

melalui pengembangan sumber daya manusia, struktur

structure, customer satisfaction and efficiency.

keuangan yang solid, kepuasan pelanggan dan efisiensi.

t .FOKBEJ QFSVTBIBBO ZBOH NFNQVOZBJ UBOHHVOH KBXBC

To be a socially responsible corporation and to be

sosial serta ramah lingkungan.

environmentally friendly.

Motto kami : Per Aspera Ad Astra Berjuang dan menembus segala tantangan untuk mencapai bintang. Astra adalah pekerja cerdas, keras, ikhlas dan tuntas.

Our Motto : Strive fought through all the challenges to reach the stars. Astra is intelligent hard worker and thoroughly sincere.

Tujuan Kami : Sejahtera Bersama Bangsa Our Goal : Prosper with the Nation

003

FILOSOFI &

MISI

/ PHILOSHOPY & MISSION

PROFIL PERUSAHAAN COMPANY PROFILE Astra berdiri pada tahun 1957 sebagai perusahaan

Astra was established in 1957 as a trading company. Over

perdagangan. Seiring dengan perjalanan waktu, Astra

the course of its development, it has formed a number of

membentuk kerja sama dengan sejumlah

strategic alliances with leading global

perusahaan

kelas dunia. Sejak tahun 1990 Perseroan menjadi

players. Since 1990 the Company has been listed on the

perusahaan publik yang tercatat di Bursa Efek Indonesia,

Indonesia Stock Exchange, with a market capitalization as

dengan kapitalisasi pasar per 31 Desember 2010 sebesar

at 31 December 2010 of Rp 221 trillion. Astra is currently

Rp 221 triliun. Saat ini Astra bergerak dalam enam bidang

engaged in six business lines: Automotive; Financial Services;

usaha yaitu: Otomotif; Jasa Keuangan; Alat Berat dan

Heavy Equipment and Mining; Agribusiness; Information

Pertambangan; Agribisnis; Teknologi Informasi; Infrastruktur

Technology; Infrastructure and Logistics. As 31 December

dan Logistik. Pada 31 Desember 2010 jumlah karyawan

2010, Astra employed 145.154 people in 145 companies,

Grup Astra mencapai 145.154 orang yang tersebar di 145

including subsidiaries, associates and jointly controlled

perusahaan, termasuk anak perusahaan, perusahaan asosiasi

entities.

dan jointly controlled entities.

P R O F I L P E R U S A H A A N / C O M PA N Y P R O F I L E

004

PENGHARGAAN 2012 2012 AWARDS Finance Asia - Asia’s Best Companies

Warta Ekonomi - No 2 Most Powerful Company

No 1 Best Managed Company No 1 Best Corporate Governance

Warta Ekonomi - Most Powerful Companies in Automotive

No 1 Best Investor Relations

and Components Industry

No 1 Best Corporate Social Responsibility No 1 Most Committed to a Strong Dividend Policy

Warta Ekonomi - 10 Most Powerful Companies 2010

Asian Wall Street Journal – The Most Admired Company In

Indonesia Institute for Corporate Directorship & Majalah

Indonesia

Investor - The 2nd Annual IICD Corporate Governance Award

Asiamoney - Best Managed Company Awards 2010

Kategori Umum

Best Large-Cap Company for Indonesia Metro TV and The United National for MDGs in the Asia Majalah Investor - The Best Listed Companies 2010

Pacific - For Its Commitment toward the achivement of the

Emiten Terbaik Sektor Aneka Industri

Millenium Development Goals in Indonesia Achieve Universal Primary Education

Bupati Bogor - Pemerhati di Bidang Pendidikan untuk Daerah Bogor

Majalah SWA dan IICG - Indonesia Most Trusted Companies Trusted Company Based on Investors and Analysts’s

Menteri Pendidikan - Anugrah Peduli Pendidikan 2010

Assessment Survey

Perhimpunan Hubungan Masyarakat Indonesia - Lomba Ing Griya Perhumas Indonesia 2010 Juara III Kategori Profil Lembaga Audio Visual

Majalah SWA - Indonesia Best Public Companies 2010 No 2 Indonesia’s Best Wealth Creators

Majalah Fortune - No 1 Daftar Fortune Indonesia 100 Kinerja perusahaan terbaik di sektor Aneka Industri

005

PENGHARGAAN 2012 / 2012 AWARDS

IKHTISAR KEUANGAN FINANCIAL HIGHLIGHTS Angka-angka pada seluruh tabel dan grafik menggunakan notasi bahasa inggris

TOTAL ASTRA (KONSOLIDASIAN) LAPORAN LABA RUGI Pendapatan Bersih Laba Kotor Laba Usaha EBITDA1 Laba Bersih NERACA Jumlah Aset Aset Lancar Investasi pada Perusahaan Asosiasi dan Jointly Controlled Entities Aset Tetap2 Kewajiban Jangka Pendek Jumlah Pinjaman Modal Kerja Bersih3 Jumlah Ekuitas Jumlah Ekuitas dan Hak Minoritas ANALISA RASIO DAN INFORMASI LAIN Laba bersih terhadap Aset Laba bersih terhadap Ekuitas Marjin Laba Kotor Marjin Laba Usaha Rasio Lancar (x) Rasio Kewajiban terhadap Jumlah Aset (x) Rasio Kewajiban terhadap Jumlah Ekuitas (x) Saham Beredar (dalam Jutaan) Laba Bersih per Saham (Rp)4 Nilai Aset Bersih per Saham (Rp)5 Dividen Kas Interim per Saham (Rp) Dividen Kas Final per Saham (Rp) Rasio Hutang Bersih terhadap Ekuitas (x)7

2009

2010

2011

2012

129,991 26,874 14,725 20,023 14,366

129,991 26,874 14,725 20,023 14,366

129,991 26,874 14,725 20,023 14,366

129,991 26,874 14,725 20,023 14,366

TOTAL ASTRA (CONSOLIDATED) STATEMENTS OF INCOME Pendapatan Bersih Laba Kotor Laba Usaha EBITDA1 Laba Bersih

15,053 24,363 37,124 31,738 10,958 49,310 58,689

15,053 24,363 37,124 31,738 10,958 49,310 58,689

15,053 24,363 37,124 31,738 10,958 49,310 58,689

15,053 24,363 37,124 31,738 10,958 49,310 58,689

BALANCE SHEETS Jumlah Aset Aset Lancar Investasi pada Perusahaan Asosiasi dan Jointly Controlled Entities Aset Tetap2 Kewajiban Jangka Pendek Jumlah Pinjaman Modal Kerja Bersih3 Jumlah Ekuitas Jumlah Ekuitas dan Hak Minoritas

13% 29% 21% 11% 1.3 0.5 1.1 4,048 3,549 12,180 470 1,1306 0.1

13% 29% 21% 11% 1.3 0.5 1.1 4,048 3,549 12,180 470 1,1306 0.1

13% 29% 21% 11% 1.3 0.5 1.1 4,048 3,549 12,180 470 1,1306 0.1

13% 29% 21% 11% 1.3 0.5 1.1 4,048 3,549 12,180 470 1,1306 0.1

RATIO ANALYSIS AND OTHER INFORMATION Laba bersih terhadap Aset Laba bersih terhadap Ekuitas Marjin Laba Kotor Marjin Laba Usaha Rasio Lancar (x) Rasio Kewajiban terhadap Jumlah Aset (x) Rasio Kewajiban terhadap Jumlah Ekuitas (x) Saham Beredar (dalam Jutaan) Laba Bersih per Saham (Rp)4 Nilai Aset Bersih per Saham (Rp)5 Dividen Kas Interim per Saham (Rp) Dividen Kas Final per Saham (Rp) Rasio Hutang Bersih terhadap Ekuitas (x)7

112,857 112,857 112,857 112,857 46,843 46,843 46,843 46,843

1 Laba sebelum bunga, pajak, depresiasi dan amortisasi.

2 Termasuk aset yg tidak digunakan dalam usaha.

1 Earnings before interest, tax, depreciation and amortization.

3 Piutang Usaha + Persediaan - Hutang Usaha Jangka Pendek.

2 Includes assets not yet used in operations.

4 Laba bersih per saham dihitung berdasarkan rata-rata tertimbang jumlah saham yang beredar

3 Trade Receivables + Inventory - Current Trade Payables.

setelah penyesuaian penerbitan saham baru.

4 Earnings per share is calculated based on the weighted average number

5 Nilai aset bersih per saham dihitung berdasarkan jumlah saham yang beredar pada setiap akhir

of ordinary shares outstanding adjusted for any share issuance.

tahun.

5 Net Asset value per share is calculated based on the number of ordinary shares outstanding at

6 Tergantung persetujuan pemegang saham pada Rapat Umum Tahunan bulan Mei 2011.

every year-end.

7 Hutang bersih tidak termasuk Jasa Keuangan. {Jumlah pinjaman tidak termasuk Jasa Keuangan

6 Subject to the approval of shareholders at Annual General Meeting in May 2011.

– (Kas dan Setara Kas tidak termasuk Jasa Keuangan + Kas yang dibatasi penggunaanya tidak

7 Net debt excludes Financial Services. {Total Borrowing excludes Financial Services

termasuk Jasa Keuangan)}/Jumlah Ekuitas.

– (Cash and Cash Equivalents exclude Financial Services + Restricted Cash excludes Financial Services)}/Total Equity.

IKHTISAR KEUANGAN / FINANCIAL HIGHLIAGHT

006

SAMBUTAN PRESIDEN KOMISARIS MESSAGE FROM THE PRESIDENT COMMISIONER Kepada Para Pemangku Kepentingan dan Pemegang Saham

Dear Stakeholders and Shareholders,

yang terhormat, We praise and thank God Almighty who has blessed Astra Puji dan syukur kita panjatkan kepada Tuhan Yang Maha

abundantly. We have achieved our best and this would not

Kuasa yang telah memberikan hasil yang terbaik bagi

have taken place without God’s blessings.

kemajuan Astra.

It is with pleasure that we report on a very Dengan perasaan bahagia dan bangga kami ingin

successful year for Astra International. A good part of this

menyampaikan bahwa kinerja usaha Astra International

success is due to Indonesia’s truly remarkable economic

mencatat sukses yang sangat mengesankan. Keberhasilan ini

resilience over the past few years, especially following the

tak lepas dari ketangguhan perekonomian Indonesia selama

2008 global crisis. Astra has capable management teams,

beberapa tahun terakhir, terutama setelah krisis tahun 2008

sustained by the staff teamwork that keeps getting stronger

serta solidnya manajemen dan kokohnya kerja sama tim

as the organization grows. In addition, the country’s

di dalam Astra yang terus menguat seiring perkembangan

conducive political situation has allowed continued national

Perseroan. Kondisi ini juga didukung oleh iklim usaha

focus on economic development and elevated levels of

yang baik dengan situasi politik yang kondusif, sehingga

business and consumer confidence.

mendukung perkembangan ekonomi serta meningkatkan kepercayaan dunia usaha dan konsumen.

Pertumbuhan ekonomi dan integrasi dalam kawasan ASEAN membawa dampak positif bagi Astra dan perkembangannya.

Economic growth and integration within ASEAN has had a positive impact on Astra and on its ability to grow.

007

S A M B U TA N K O M I S A R I S / M E S S A G E F R O M T H E P R E S I D E N T C O M M I S I O N E R

Saya mengucapkan selamat kepada Direksi dan karyawan

Before going any further, I wish to congratulate the Board

atas pencapaian yang luar biasa di setiap sektor usaha. Tentu

of Directors and employees on achievements in every sector

saja pencapaian ini membutuhkan kerja yang lebih keras,

of the business, which can best be described as above

mengingat fluktuasi perekonomian dunia di beberapa tahun

expectations. Moreover, these was achieved despite wide

terakhir ini yang membawa ketidakpastian.

economic fluctuations.

Dewan Komisaris percaya akan komitmen Direksi terhadap

The Board of Commissioners additionally commends

rencana strategis Astra selanjutnya, tanpa mengabaikan

the Directors’ commitment in following Astra’s sound

peluang-peluang yang muncul di pasar.

strategic course by maneuvering quickly to capture market opportunities.

Walaupun awal tahun 2010 mengindikasikan bahwa perekonomian global mulai pulih dari krisis kredit tahun

While the indications at the beginning of 2010

2008 seperti terlihat dari respons positif konsumen dan

were that the global economy was recovering from the

dunia usaha, hal tersebut memberikan sinyal berbeda.

credit crisis of 2008 and that consumers and businesses

Perekonomian India dan Cina maju pesat, sementara

were positively responding, it provided only mixed signals as

pertumbuhan ekonomi Eropa dan Amerika melambat.

European and American economic growth lagged behind

Namun demikian dengan sumber daya yang dimiliki dan

Indian and Chinese, which were in full growth mode.

sektor manufaktur yang kuat, perekonomian Indonesia tetap

Nevertheless, Indonesia with its abundant natural resources

berkembang, didukung inflasi dan tingkat suku bunga yang

and strong

stabil, masing-masing berkisar sekitar 6%-7%.

manufacturing sectors, was growing well, supported by moderate and stable inflation and interest rates, both hovering around the 6%-7% range.

S A M B U TA N K O M I S A R I S / M E S S A G E F R O M T H E P R E S I D E N T C O M M I S I O N E R

008

TAHAPAN PENCAPAIAN 2012 2012 MILESTONE

JANUARI / JANUARY Toyota Meluncurkan 5 Varian Toyota New Dyna Melengkapi varian yang sudah ada, Toyota Dyna kini hadir dalam lima tipe, yaitu 130 HT, 130 XT, 110 ET, 110 FT dan 110 ST. Toyota Unveils 5 New Toyota Dyna Complementing existing models, Toyota Dyna is now available in five types: 130 HT, 130 XT, 110 ET, 110 FT, and 110 ST. FEBRUARI / FEBRUARY Penerbitan Obligasi PT Astra Sedaya Finance XI PT Astra Sedaya Finance (ASF) - Kelompok pembiayaan Astra Credit Companies (ACC) menerbitkan obligasi XI dengan tingkat bunga tetap sebesar Rp 1,5 Triliun. Bond Issuance PT Astra Sedaya Finance XI PT Astra Sedaya Finance (ASF) - Part of Astra Credit Companies (ACC) - Issue bonds XI with fixed interest rate of Rp 1.5 trillion.

MARET / MARCH Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) PT Astra International Tbk RUPSLB Astra menghasilkan keputusan untuk memberikan penghargaan dan pembebasan sepenuhnya kepada almarhum Michael D. Ruslim dan mengangkat Prijono Sugiarto sebagai Presiden Direktur Perseroan dan Sudirman M. Rusdi sebagai Direktur Perseroan.

An Extraordinary General Meeting of Shareholders (EGM) of PT Astra International Tbk The EGM appreciated the contributions of the late Michael D. Ruslim and confirmed Prijono Sugiarto as President Director of the Company and the Sudirman M. Rusdi as.

APRIL / APRIL PT United Tractors Tbk Meluncurkan Excavator Berteknologi KOMTRAX PT United Tractors Tbk (UT) meluncurkan tiga tipe excavator Komatsu, yaitu PC130F-7, PC200-8 berteknologi KOMTRAX (Komatsu Machine Tracking System) untuk pertama kalinya digunakan di Indonesia. PT United Tractors Tbk Launched Excavator with KOMTRAX Technology PT United Tractors Tbk (UT) launched three types of Komatsu excavators, namely PC130F-7, PC200-8, and a first for Indonesia the PC400-8 technology equipped with KOMTRAX (Komatsu Machine Tracking System Technology).

MEI / MAY PT Astra Agro Lestari Tbk Bangun Pabrik Baru di Kalimantan Timur PT Astra Agro Lestari Tbk melakukan ekspansi strategis dengan membangun pabrik baru di PT Sumber Kharisma Persada (SKP) dengan kapasitas olah 30 ton/jam.

PT Astra Agro Lestari Tbk Build New Factory in East Kalimantan PT Astra Agro Lestari Tbk strategically expanded by building a new mill in PT Sumber Kharisma Persada (SKP) with capacity of 30 tonnes/hour.

JUNI / JUNE PT Astra Honda Motor Perkenalkan Skutik Retro Modern Honda Scoopy PT Astra Honda Motor merilis Honda Scoopy, sebuah skutik unik dengan desain retro-modern yang pertama di Indonesia.

PT Astra Honda Motor Unveils Retro Modern Automatic Scooter Honda Scoopy PT Astra Honda Motor released the Honda Scoopy, a unique automatic scooter with retro-modern design, a first in Indonesia.

009

TA H A PA N P E N C A PA I A N 2 0 1 2 / 2 0 1 2 M I L E S TO N E

JULY / JULI UT Rampungkan Akuisisi PT Agung Bara Prima PT United Tractors Tbk telah merampungkan akuisisi atas 60% saham PT Agung Bara Prima (ABP). Akuisisi dilakukan melalui anak perusahaannya, PT Tuah Turangga Agung.

UT Completes Acquisition of PT Agung Bara Prima PT United Tractors Tbk completed the acquisition of a 60% stake in PT Agung Bara Prima (ABP). The acquisition was made through its subsidiary PT Tuah Turangga Agung.

AGUSTUS / AUGUST PT Astra Honda Motor (AHM) Mengumumkan ‘One Heart’ sebagai Tagline Baru AHM mengumumkan tagline baru “One Heart” yang menjadi filosofi perusahaan dalam hal memberikan produk dan layanan terbaik. PT Astra Honda Motor (AHM) Announces ‘One Heart’ as New Tagline AHM announced a new tagline “One Heart” which highlights the company’s philosophy in providing the best products and services.

SEPTEMBER / SEPTEMBER SATU Indonesia Jelajahi Dunia Astra Pecahkan Rekor MURI Memperingati Hari Sumpah Pemuda, Astra menggelar SATU Indonesia: Jelajahi Dunia Astra yang dilaksanakan selama dua hari di Taman Rekreasi Mekarsari selama 2 hari dengan 21.000 jumlah pengunjung. Pada acara ini Astra juga berhasil masuk Museum Rekor Indonesia (MURI) atas Labyrinth dengan kamar terbanyak (850 kamar) yang berisi informasi tentang Grup Astra. Satu Indonesia Jelajahi Dunia Astra Break Record MURI In commemoration of Youth Pledge Day, Astra held SATU Indonesia: Jelajahi Dunia Astra for two days at the Park Recreation Mekarsari with 21,000 visitors. In this event Astra also managed to enter the Indonesian Record Museum (MURI) with a Labyrinth of the most rooms (850 rooms) with information about the Astra Group NOVEMBER / NOVEMBER Astra Daihatsu Motor Cetak Rekor Dua Juta Unit PT Astra Daihatsu Motor (ADM) merayakan pencapaian produksi dua juta setelah berkiprah 32 tahun. Astra Daihatsu Motor Reaches Production Record of Two Million Units PT Astra Daihatsu Motor (ADM) celebrated the achievement of the production of two million units after 32 years of operations.

DESEMBER / DECEMBER Astra Tingkatkan Kepemilikan di Astra Sedaya Finance (ASF) Menjadi 100% PT Astra International Tbk meningkatkan kepemilikan saham ASF sebesar 100% dengan melakukan penambahan 47% saham ASF melalui akuisisi PT General Electric Services (GES). Astra Ownership Increases in Astra Sedaya Finance (ASF) to 100% PT Astra International Tbk increased its ownership in ASF to 100% by acquiring the remaining 47% shares of ASF through the acquisition of PT General Electric Services (GES).

Peresmian Kapal MV Serasi V TFSI Untuk memenuhi kebutuhan pelanggan, Toyofuji Serasi Indonesia (TFSI) kembali menambah armadanya dengan meresmikan Kapal MV SERASI V yang terdiri dari enam dek serta memiliki kapasitas muatan sebanyak 850 unit kendaraan.

Inauguration Ship MV Serasi V TFSI To meet customer needs, Toyofuji Serasi Indonesia (TFSI) added to its fleet with the launching of Vessel MV SERASI V, with six decks and cargo capacity of 850 vehicles.

PermataBank Selesaikan Akuisisi Pertama di Indonesia PT Bank Permata Tbk (PermataBank) mengumumkan penyelesaian proses pengambilan PT GE Finance Indonesia (GEFI) setelah mendapatkan persetujuan dari Bank Indonesia.

PermataBank Completes Its First Acquisition in Indonesia PT Bank Permata Tbk (PermataBank) announced completion of PT GE Finance Indonesia (GEFI) acquisition after obtaining approval from Bank Indonesia.

TA H A PA N P E N C A PA I A N 2 0 1 2 / 2 0 1 2 M I L E S TO N E

010

OTOMOTIF AUTOMOTIVE DENGAN MEMILIKI JARINGAN PENJUALAN DAN DISTRIBUSI TERBESAR DI INDONESIA, ASTRA SIAP MELAYANI BERBAGAI SEGMEN KONSUMEN. WITH THE LARGEST SALES AND DISTRIBUTION NETWORK IN INDONESIA, ASTRA IS ABLE TO SERVE THE FULL RANGE OF MARKET SEGMENTS.

011

OTOMOTIF / AUTOMOTIF

OTOMOTIF / AUTOMOTIF

012

JASA KEUANGAN FINANCIAL SERVICE KEBERHASILAN PENJUALAN TAHUN 2010 YANG DIALAMI ASTRA, MENDUKUNG PERTUMBUHAN PESAT PERUSAHAAN JASA KEUANGANNYA. IN DIRECT RESPONSE TO THE TREMENDOUS VEHICLE SALES OF 2010, ASTRA’S FINANCE SERVICE COMPANIES EXPERIENCED RAPID GROWTH.

013

JASA KEUANGAN / FINANCIAL SERVICE

JASA KEUANGAN / FINANCIAL SERVICE

014

Guna mendukung perluasan usaha dan meraih peluang

Two major actions were taken in 2010 in Financial Services:

pertumbuhan di bidang Jasa Keuangan, Astra mengambil

Astra increased ownership of PT Astra Sedaya Finance (ASF)

dua langkah besar di tahun 2010, yaitu dengan

and raised funds through a rights issue at PT Bank Permata

meningkatkan kepemilikannya di PT Astra Sedaya Finance

Tbk (PermataBank) to support business expansion and

(ASF) dan penghimpunan dana melalui rights issue PT Bank

pursue growth opportunities.

Permata Tbk (PermataBank).

The decision to acquire the remaining 47% of ASF from PT Keputusan Astra International untuk mengakuisisi 47%

General Electric Services (GES) was based on a number of

saham PT Astra Sedaya Finance yang dimiliki oleh PT General

factors, including Astra’s efforts to grow through strategic

Electric Services (GES) dilakukan setelah mempertimbangkan

and economically feasible acquisitions. As ASF is Indonesia’s

berbagai faktor, termasuk upaya pengembangan Astra

largest car finance company, operating under the brand of

melalui akuisisi yang strategis dan ekonomis. ASF yang

Astra Credit

beroperasi di bawah merek Astra Credit Companies (ACC),

Companies (ACC), this investment places Astra in a solid

merupakan kelompok perusahaan pembiayaan mobil

position to capture increased financing market share through

terbesar di Indonesia.

a known company with a proven business model and a clear

Dengan investasi ini Astra akan menempatkan diri dalam

ability to create attractive financing packages.

posisi kuat untuk meraih pangsa pasar pembiayaan yang sedang tumbuh melalui perusahaan yang telah dikenal andal

Astra provides motorcycle and automobile as well as heavy

dan mampu menciptakan paket-paket pembiayaan menarik.

equipment financing through a number of independent channels. In direct response to the tremendous sales of

Astra menyediakan pembiayaan sepeda motor, mobil

2010, Astra’s finance service companies experienced rapid

dan alat berat melalui berbagai jaringan independen.

growth. Total revenues from financial services division in

Keberhasilan penjualan tahun 2010 yang dialami Astra,

2010 were Rp 9.8 trillion, up 19% from Rp 8.3 trillion in

sedikit banyak ditopang oleh pertumbuhan pesat

2009. Of this, 48.6% was contributed by motorcycle

perusahaan jasa

financing company PT Federal International Finance (FIF),

keuangannya. Pendapatan total dari Divisi Jasa Keuangan

lower than last year’s 51.8%, and 26.4% was contributed

tahun 2010 mencapai Rp 9,8 triliun, meningkat 19%

from Astra Credit Companies (ACC) automobile financing

dibandingkan Rp 8,3 triliun pada 2009. Dari pendapatan

companies, an increase from last year’s 23.9%.

tersebut, 48,6% berasal dari perusahaan pembiayaan sepeda motor PT Federal International Finance (FIF), turun

Guided by Astra’s risk management division and the

dari 51,8% tahun lalu serta 26,4% disumbangkan dari Astra

interchange of best practices within the group, Non

Credit Companies (ACC) perusahaan pembiayaan mobil,

Performing Loans (NPLs) remain good, with FIF’s 2010

naik dari 23,9% tahun lalu.

NPLs (loans overdue > 60 days) below 2%, while ACC was able to maintain its NPLs below 1%, as in 2009. Despite

Di bawah panduan divisi manajemen risiko Astra serta

marketplace pressure in 2010 to ease lending approvals,

adanya upaya untuk saling berbagi informasi guna

these companies remain committed to moving towards

menemukan pabrik-pabrik.

quality, leveraging on strong and proven dealer networks.

015

JASA KEUANGAN / FINANCIAL SERVICE

PEMBIAYAAN MOBIL AUTOMOBILE FINCING

Pembiayaan mobil ditangani oleh Astra Credit Companies

Automobile financing operations are handled

(ACC) untuk semua merek mobil dan Toyota Astra Financial

through two major companies, Astra Credit

Services (TA Finance) khusus untuk mobil merek Toyota.

Companies (ACC) for all brands and Toyota Astra Financial Services (TA Finance) for Toyota brands.

Astra Credit Companies (ACC) Di tahun 2010 ACC mencatat jumlah pembiayaan ritel

Astra Credit Companies (ACC)

dan komersial sebesar Rp 19,9 triliun, naik sebesar 39,7%

In 2010 ACC increased the amount financed by 39.7% from

dibandingkan tahun 2009 sebesar Rp 14,2 triliun. Dari

both its retail and commercial lending activities to Rp 19.9

jumlah tersebut, 68,2% disumbangkan oleh segmen mobil

trillion, up from Rp 14.2 trillion in 2009. Of this amount,

baru,

68.2% was provided by the new automobile segment,

25,1% berasal dari segmen mobil bekas dan 6,7%

25.1% by the used car segment and 6.7% through the

kontribusi segmen alat berat. Perubahan persentase tersebut

heavy equipment segment. Those changes are driven by

didorong oleh pertumbuhan pasar mobil baru dan alat

the growth of the new car market segment and heavy

berat di tahun 2010, dimana pada tahun 2009 komposisi

equipment segment in 2010, whilst in 2009 the composition

pembiayaan masing-masing 65%, 30% dan 5%. Secara

was 65%, 30% and 5%, respectively. In total, this financing

keseluruhan, ACC telah membiayai hampir 144.000 unit

represents

kendaraan melalui 58 kantor cabang dan titik layanan di 46

financing for close to 144,000 units through its 58 branches

kota seluruh Indonesia.

and point of services in 46 cities across Indonesia.

JASA KEUANGAN / FINANCIAL SERVICE

016

ALAT BERAT HEAVY EQUIPMENT UT TELAH MEMBUAT PERENCANAAN STRATEGIS AGAR DAPAT SEMAKIN MENGUKUHKAN PERANNYA SEBAGAI PEMIMPIN PASAR. UT IS ENGAGED IN STRATEGIC PLANNING TO CONTINUE A GROWTH TRAJECTORY TO SOLIDIFY ITS POSITION AS A MARKET LEADER.

017

ALAT BERAT / HEAVY EQUIPMENT

ALAT BERAT / HEAVY EQUIPMENT

018

AGRIBISNIS AGRIBUSINESS AAL BERADA DALAM POSISI YANG TEPAT UNTUK MEMANFAATKAN KETERBATASAN PASOKAN DI PASAR MELALUI UPAYA - UPAYA YANG BERKELANJUTAN. AAL IS IN A GOOD POSITION TO TAKE ADVANTAGE OF CONSTRAINTS IN INCREMENTAL SUPPLY THROUGH ITS SUSTAINABILITY APPROACH.

019

AGRIBISNIS / AGRIBUSINESS

AGRIBISNIS / AGRIBUSINESS

020

INFRASTRUKTUR INFRASTRUCTURE MELALUI TIGA ANAK PERUSAHAANNYA, ASTRA BERTEKAD UNTUK AKTIF MENGEMBANGKAN USAHA JARINGAN INFRASTRUKTUR DAN LOGISTIK. THROUGH THREE WHOLLY OWNED SUBSIDIARIES, ASTRA ASPIRES TO BECOME MORE INVOLVED IN THE INFRASTRUCTURE AND LOGISTICS CHAIN BUSINESSES.

021

INFRASTRUKTUR / INFRASTRUCTURE

INFRASTRUKTUR / INFRASTRUCTURE

022

ENDORSEMENT TESTIMONIAL AUDITORS REPORT

AUDITORS REPORT

To the shareholders of J. Lauritzen A/S

To the shareholders of J. Lauritzen A/S

We have audited the annual report of J. Lauritzen A/S

We have audited the annual report of J. Lauritzen A/S

for the financial year 2005, prepared in accordance with

for the financial year 2005, prepared in accordance with

International Financial Reporting Standards as adopted by

International Financial Reporting Standards as adopted by

the EU and additional Danish disclosure requirements for

the EU and additional Danish disclosure requirements for

annual reports.

annual reports.

The annual report is the responsibility of the Company’s

The annual report is the responsibility of the Company’s

Board of Directors and Executive Management. Our

Board of Directors and Executive Management. Our

responsibility is to express an opinion on the annual report

responsibility is to express an opinion on the annual report

based on our audit.

based on our audit.

Basis of opinion

Basis of opinion

We conducted our audit in accordance with Danish

We conducted our audit in accordance with Danish

Standards on Auditing. Those standards require that we plan

Standards on Auditing. Those standards require that we plan

and perform the audit to obtain reasonable assurance that

and perform the audit to obtain reasonable assurance that

the annual report is free of material misstatement. An audit

the annual report is free of material misstatement. An audit

includes examining, on a test basis, evidence supporting the

includes examining, on a test basis, evidence supporting the

amounts and disclosures in the annual report.

amounts and disclosures in the annual report.

An audit also includes assessing the accounting policies used

An audit also includes assessing the accounting policies used

and significant estimates made by the Board of Directors

and significant estimates made by the Board of Directors

and Executive Management, as well as evaluating the

and Executive Management, as well as evaluating the

overall annual report presentation. We believe that our audit

overall annual report presentation. We believe that our audit

provides a reasonable basis for our opinion.

provides a reasonable basis for our opinion.

Our audit did not result in any qualification.

Our audit did not result in any qualification.

023

ENDORSEMENT / TESTIMONIAL

LAPORAN KEUANGAN (DIAUDIT) / FINANCIAL REPORT (AUDITED) Angka-angka pada seluruh tabel dan grafik menggunakan notasi bahasa inggris

TOTAL ASTRA (KONSOLIDASIAN) LAPORAN LABA RUGI Pendapatan Bersih Laba Kotor Laba Usaha EBITDA1 Laba Bersih NERACA Jumlah Aset Aset Lancar Investasi pada Perusahaan Asosiasi dan Jointly Controlled Entities Aset Tetap2 Kewajiban Jangka Pendek Jumlah Pinjaman Modal Kerja Bersih3 Jumlah Ekuitas Jumlah Ekuitas dan Hak Minoritas ANALISA RASIO DAN INFORMASI LAIN Laba bersih terhadap Aset Laba bersih terhadap Ekuitas Marjin Laba Kotor Marjin Laba Usaha Rasio Lancar (x) Rasio Kewajiban terhadap Jumlah Aset (x) Rasio Kewajiban terhadap Jumlah Ekuitas (x) Saham Beredar (dalam Jutaan) Laba Bersih per Saham (Rp)4 Nilai Aset Bersih per Saham (Rp)5 Dividen Kas Interim per Saham (Rp) Dividen Kas Final per Saham (Rp) Rasio Hutang Bersih terhadap Ekuitas (x)7

Numerical notation in all tables and graphs is in english format

2009

2010

2011

2012

129,991 26,874 14,725 20,023 14,366

129,991 26,874 14,725 20,023 14,366

129,991 26,874 14,725 20,023 14,366

129,991 26,874 14,725 20,023 14,366

112,857 112,857 112,857 46,843 46,843 46,843

112,857 46,843

15,053 24,363 37,124 31,738 10,958 49,310 58,689

15,053 24,363 37,124 31,738 10,958 49,310 58,689

15,053 24,363 37,124 31,738 10,958 49,310 58,689

15,053 24,363 37,124 31,738 10,958 49,310 58,689

BALANCE SHEETS Jumlah Aset Aset Lancar Investasi pada Perusahaan Asosiasi dan Jointly Controlled Entities Aset Tetap2 Kewajiban Jangka Pendek Jumlah Pinjaman Modal Kerja Bersih3 Jumlah Ekuitas Jumlah Ekuitas dan Hak Minoritas

13% 29% 21% 11% 1.3 0.5 1.1 4,048 3,549 12,180 470 1,1306 0.1

13% 29% 21% 11% 1.3 0.5 1.1 4,048 3,549 12,180 470 1,1306 0.1

13% 29% 21% 11% 1.3 0.5 1.1 4,048 3,549 12,180 470 1,1306 0.1

13% 29% 21% 11% 1.3 0.5 1.1 4,048 3,549 12,180 470 1,1306 0.1

RATIO ANALYSIS AND OTHER INFORMATION Laba bersih terhadap Aset Laba bersih terhadap Ekuitas Marjin Laba Kotor Marjin Laba Usaha Rasio Lancar (x) Rasio Kewajiban terhadap Jumlah Aset (x) Rasio Kewajiban terhadap Jumlah Ekuitas (x) Saham Beredar (dalam Jutaan) Laba Bersih per Saham (Rp)4 Nilai Aset Bersih per Saham (Rp)5 Dividen Kas Interim per Saham (Rp) Dividen Kas Final per Saham (Rp) Rasio Hutang Bersih terhadap Ekuitas (x)7

TOTAL ASTRA (CONSOLIDATED) STATEMENTS OF INCOME Pendapatan Bersih Laba Kotor Laba Usaha EBITDA1 Laba Bersih

LAPORAN KEUANGAN (DIAUDIT) / FINANCIAL REPORT (AUDITED)

024

DATA PERSEROAN CORPORATE DATA Profil Dewan Komisaris Board of Commissioners’ Profile BUDI SETIADHARMA Presiden Komisaris President Commissioner Berkewarganegaraan Indonesia, Budi Setiadharma ditunjuk sebagai Presiden Komisaris Perseroan sejak Mei 2005. Mulai bergabung di Perseroan pada tahun 1970 dan memegang jabatan Presiden Direktur Perseroan pada periode 2002-2005.

Beberapa jabatan lain yang pernah dipegangnya adalah Wakil Presiden Direktur Perseroan (1998-2002), Presiden Direktur (1978-2000) PT Federal Motor (sekarang PT Astra Honda Motor) dan General Manager Divisi Honda, PT Astra International Tbk (1975-1978). Beliau juga pernah menjabat sebagai Komisaris PT Jakarta Land sejak 1 April 2007 - 1 Oktober 2009 dan Komisaris PT Hero Supermarket Tbk sejak 8 Juni 2006 sampai sekarang. Budi Setiadharma adalah lulusan Universitas Katolik Parahyangan, Bandung tahun 1970.

An Indonesian citizen, Budi Setiadharma was appointed as President Commissioner in May 2005. He joined the Company in 1970 and was appointed as a President Director of the Company in 2002-2005. He held several other positions at Astra including Vice President Director of the Company (1998-2002), President Director (1978-2000) of PT Federal Motor (now PT Astra Honda Motor) and General Manager of Honda Division, PT Astra International Tbk (1975-1978). He also served as a Commissioner of PT Jakarta Land from 1 April 2007 - 1 October 2009 and Commissioner of PT Hero Supermarket Tbk from 8 June 2006 until now. Budi Setiadharma is a graduate of Parahyangan Catholic University, Bandung in 1970.

025

DJUNAEDI HADISUMARTOBUDI Komisaris Independen Independent Commissioner Berkewarganegaraan Indonesia, Djunaedi Hadisumarto ditunjuk menjadi Komisaris Perseroan pada bulan Mei 2003. Pada saat ini juga menjabat sebagai Penasehat Menteri Negara Perencanaan Pembangunan Nasional/Ketua BAPPENAS, Anggota Kelompok Kerja pada Economic Research Institute for ASEAN and East Asia (ERIA), Tim Penasehat Ahli pada Joint Forum on Investment (JIF) dan Penasehat Korporasi PT (Persero) Garuda Indonesia.

An Indonesian citizen, he became Commissioner in May 2003. At this time also served as Advisor of the Minister of National Development Planning / Chairman of BAPPENAS, Member of the Working Group on the Economic Research Institute for ASEAN and East Asia (ERIA), Expert Advisory Team in the Joint Forum on Investment (JIF) and Corporate Advisory PT (Persero) Garuda Indonesiain.

D ATA P E R S E R O A N / C O R P O R AT E D ATA

STRUKTUR ORGANISASI ORGANIZATION STRUCTURE BOARD OF COMMISIONERS President Commissioner Commissioners

: Budi Setiadharma : Djunaedi Hadisumarto Muhamad Chatib Basri Soemadi D. M. Brotodiningrat Akira Okabe Erry Firmansyah Anthony J. L. Nightingale Benjamin William Keswick Mark Spencer Greenberg Chiew Sin Cheok Jonathan Chang

EXECUTIVE COMMITTEE Chairman : Anthony J. L. Nightingale Members : Benjamin William Keswick Mark Spencer Greenberg Chiew Sin Cheok Budi Setiadharma Prijono Sugiarto Simon Collier Dixon

AUDIT COMMITTEE BOARD OF DIRECTORS President Director Directors

Chairman : Djunaedi Hadisumarto Members : Sidharta Utama Tamiza Saleh Chiew Sin Cheok

: Prijono Sugiarto : Gunawan Geniusahardja Johnny Darmawan D. Djoko Pranoto Widya Wiryawan Angky Tisnadisastra Sudirman Maman Rusdi Simon Collier Dixon

REMUNERATION & NOMINATION COMMITTEE Chairman : Anthony J. L. Nightingale Members : Benjamin William Keswick Prijono Sugiarto

DIRECTOR IN CHARGE (DIC)/ EXECUTIVE IN CHARGE (EIC) CORPORATE FUNCTIONS CHIEF EXECUTIVE OFFICER Prijono Sugiarto

Corporate Secretary

Chief :

Aminuddin

Corporate Planning & Strategy

Chief :

Halim Wahjana

Human Capital Development

Chief :

F. X. Sri Martono

Corporate Communication

Chief :

Arief Istanto

and Social Responsibility

Chief :

Arief Istanto

Group Internal Audit

Chief :

Handy E. Halim

Corporate Legal

Chief :

Anna Langelo

Group Risk Management

Chief :

Samuel Manasseh

Group Treasury

Chief :

Chan Kim Kooi

Corporate Organization &

DIC: Prijono Sugiarto

Corporate Security, Environment

DIC: Simon Collier Dixon

Corporate Information Systems & Technology Chief :

Ganda Kusuma

CORPORATE OPERATIONS DIC: Johnny Darmawan D. EIC: T. Johannes Loman

EIC: Suparno Djasmin

DIC: Gunawan Geniusahardja

Toyota Sales Operation

Chief Executive :

Jodjana Jody

Honda Sales Operation

Chief Executive :

Margono Tanuwijaya

Daihatsu Sales Operation

Chief Executive :

Suparno Djasmin

Isuzu Sales Operation

Chief Executive :

Supranoto

Nissan Diesel Sales Operation

Chief Executive :

Dandy Pawitan

BMW Sales Operation

Chief Executive :

C. Herlijoso

Peugeot Sales Operation

Chief Executive :

C. Herlijoso

AstraWorld

Chief Executive :

Denny Suharja

S T R U K T U R O R G A N I S A S I / O R G A N I Z AT I O N S T R U C T U R E

026