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INDF
INDOFOOD SUKSES MAKMUR TBK.

Company Profile

PT  Indofood  Sukses  Makmur  Tbk  (“the  Company”)  was  established  in  the  Republic  of 
Indonesia  on August 14th,  1990  under  its original  name PT  Panganjaya  Intikusuma, based 
on Notarial Deed No. 228 of Benny Kristianto, S.H. 
 
The  Company’s  head  office  is  located  at  Sudirman  Plaza,  Indofood  Tower,  27th  Floor,  Jln. 
Jend. Sudirman Kav. 76 ‐ 78, Jakarta, Indonesia, while its factories are situated in various 
locations in Java, Sumatera, Kalimantan, Sulawesi islands and Malaysia. 
 
From  simple  beginnings  as  an  instant  noodle  producer,  Indofood  has  been  progressively 
transformed  to  become  a  Total  Food  Solutions  company  with  operations  in  all  stages  of 
food manufacturing from the production of raw materials and their processing through to 
consumer  products  on  the  retailer’s  shelf.  A  leader  within  its  industry  in  Indonesia,  an 
extensive  distribution  system  supports  the  position  of  the  company’s  products  as 
household names in every part of the country. 
 
The Company operates four complementary Strategic Business Groups (Group): 
• Consumer Branded Products (CBP), the producer of a range of packaged foods under a 
number of divisions including Noodles, Dairy, Food Seasoning, Snack Foods, Nutrition & 
Special  Foods  and  Biscuit.  CBP  Group  is  supported  by  the  Food  Ingredients  and 
Packaging Divisions. 
• Bogasari, producer of flour and pasta. The group is supported by a shipping unit. 
• Agribusiness,  principal  activities  range  from  research  and  development,  oil  palm  seed 
breeding  and  cultivation  as  well  as  refining,  branding  and  marketing  of  cooking  oil, 
margarine and shortening. In addition, the group is also involved in the cultivation and 
processing of rubber, sugar cane, cocoa and tea. 
• Distribution boasts the most extensive distribution network in Indonesia. It distributes 
the majority of the Company’s consumer products as well as third party products. 
 
Indofood’s strongest legacy today is the strength of its brands, many of which have been 
companions  to  the  people  of  Indonesia  for  years.  These  include  a  variety  of  brands  of 
instant  noodles  (Indomie,  Supermi  and Sarimi),  wheat  flour  (Segitiga Biru,  Kunci  Biru  and 
Cakra  Kembar),  cooking  oil  (Bimoli),  margarine  (Simas  Palmia).  Despite  intense 
competition,  these  brands  remain  the  market  leaders  in  their  specific  segments  with  a 
reputation for quality and value for money that remains unrivalled. 
 

August 2010

Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
Indofood Sukses Makmur Tbk. INDF
COMPANY REPORT : JULY 2010 As of 30 July 2010
Main Board Individual Index : 791.694
Industry Sector : Consumer Goods Industry (5) Listed Shares : 8,780,426,500
Industry Sub Sector : Food And Beverages (51) Market Capitalization: 40,609,472,562,500

COMPANY HISTORY SHAREHOLDERS (July 2010)

Established Date : 14-Aug-1990 1. Cab Holdings Limited 4,394,603,450 : 50.05%
Listing Date : 14-Jul-1994
Under Writer IPO : DIVIDEND ANNOUNCEMENT
PT Merincorp S.I. Bonus Cash Cum Ex Recording Payment
Securities Administration Bureau : Year Shares Devidend Date Date Date Date F/I
PT Raya Saham Registra 1994 58.00 21-Jul-95 24-Jul-95 01-Aug-95 31-Aug-95 F
Plaza Central Building 2nd Fl. 1995 80.00 11-Jul-96 12-Jul-96 22-Jul-96 21-Aug-96 F
Jln. Jend. Sudirman Kav. 47-48 Jakarta 1996 47.00 10-Jul-97 11-Jul-97 22-Jul-97 22-Aug-97 F
Phone : 252-5666 2000 18.00 11-Jul-01 12-Jul-01 17-Jul-01 31-Jul-01 F
Fax : 252-5028 2001 25.00 09-Jul-02 10-Jul-02 15-Jul-02 29-Jul-02 F
2002 28.00 17-Jul-03 18-Jul-03 22-Jul-03 05-Aug-03 F
BOARD OF COMMISSIONERS 2003 28.00 15-Jul-04 16-Jul-04 20-Jul-04 02-Aug-04 F
1. Manuel V. Pangilinan 2005 17.50 26-Aug-05 29-Aug-05 31-Aug-05 15-Sep-05
2. Ambassador Albert F. Del Rosario 2005 5.00 20-Jul-06 21-Jul-06 25-Jul-06 08-Aug-06 F
3. Benny Setiawan Santoso 2006 31.00 27-Jul-07 30-Jul-07 01-Aug-07 15-Aug-07 F
4. Edward A. Tortorici 2007 43.00 12-Aug-08 13-Aug-08 15-Aug-08 27-Aug-08 F
5. Graham L. Pickles 2008 47.00 02-Jul-09 03-Jul-09 07-Jul-09 22-Jul-09 F
6. Ibrahim Risjad 2009 93.00 19-Jul-10 20-Jul-10 22-Jul-10 05-Aug-10 F
7. Robert Charles Nicholson
8. Torstein Stephansen *) ISSUED HISTORY
9. Utomo Josodirdjo *) Listing Trading
10. Wahjudi Prakarsa *) Type of Listing Shares Date Date
*) Independent Commissioners 1. First Issue 21,000,000 14-Jul-94 14-Jul-94
2. Option Conversion 1,512,500 17-May-02 17-May-02
BOARD OF DIRECTORS 3. Option Conversion 1,665,500 22-May-02 22-May-02
1. Anthoni Salim 4. Option Conversion 65,849,500 28-May-02 28-May-02
2. Axton Salim 5. Option Conversion 12,722,000 30-May-02 30-May-02
3. Darmawan Sarsito (Kevin Sietho) 6. Option Conversion 14,096,000 05-Jun-02 05-Jun-02
4. Franciscus Welirang 7. Option Conversion 86,874,500 07-Jun-02 07-Jun-02
5. Moleonoto (Paulus Moleonoto) 8. Option Conversion 920,000 10-Jun-02 10-Jun-02
6. Peter Kradolfer 9. Option Conversion 190,000 14-Jun-02 14-Jun-02
7. Taufik Wiraatmadja 10. Option Conversion 131,500 18-Jun-02 18-Jun-02
8. Tjhie Tje Fie (Thomas Tjhie) 11. Option Conversion 397,500 25-Jun-02 25-Jun-02
9. Werianty Setiawan 12. Founders Shares 742,000,000 T: 14-Jul-94 : 08-Feb-95
13. Option Conversion 92,500 28-Jun-02 28-Jun-02
AUDIT COMMITTEE 14. Option Conversion 41,577,500 15-Jul-02 15-Jul-02
1. Utomo Josodirdjo 15. Option Conversion 188,500 20-May-03 20-May-03
2. Monang Silalahi 16. Option Conversion 1,080,000 21-May-03 21-May-03
3. Timotius 17. Option Conversion 57,101,000 12-Jun-03 12-Jun-03
4. Wahjudi Prakarsa 18. Option III Conversion 26,000 06-Feb-04 06-Feb-04
19. Option III Conversion 9,000 09-Feb-04 09-Feb-04
CORPORATE SECRETARY 20. Option III Conversion 2,000 22-Apr-04 22-Apr-04
Werianty Setiawan 21. Option III Conversion 1,000 28-Apr-04 28-Apr-04
22. Option III Conversion 1,000 10-May-04 10-May-04
HEAD OFFICE 23. Stock Split 763,000,000 12-Aug-96 12-Aug-96
Sudirman Plaza, Indofood Tower 27th Fl. 24. Option III Conversion 880,500 24-May-04 24-May-04
Jln. Jend. Sudirman Kav. 76 - 78, Jakarta 12190 25. Buy Back -663,762,500 28-Oct-08 28-Oct-08
Phone : (021) 5795-8822 26. Right Issue 305,200,000 24-Apr-97 24-Apr-97
Fax : (021) 5793-7373 27. Stock Split 7,324,800,000 29-Sep-00 29-Sep-00
28. Option Conversion 228,000 07-May-02 07-May-02
Homepage : www.indofood.com 29. Option Conversion 185,000 10-May-02 10-May-02
Email : werianty@indofood.co.id 30. Option Conversion 407,500 13-May-02 13-May-02
hery.kurniawan@indofood.co.id 31. Option Conversion 2,050,500 15-May-02 15-May-02
Indofood Sukses Makmur Tbk. INDF
TRADING ACTIVITIES
CLOSING PRICE* AND TRADING VOLUME
Closing Volume Closing Price Freq. Volume Value

Day
INDOFOOD SUKSES MAKMUR TBK.
Price* JANUARY 2006 - JULY 2010 (Mill. Sh) Month High Low Close (X) (Thou. Sh) (Million Rp)
4,900 420 Jan-06 990 820 880 6,085 393,388 359,220 20
Feb-06 930 830 840 4,062 278,240 244,776 20
Mar-06 890 810 890 9,860 746,260 634,146 21
4,200 360
Apr-06 1,140 860 1,130 10,028 989,539 970,177 18
May-06 1,240 880 940 14,783 1,402,418 1,528,498 21
3,500 300 Jun-06 1,030 840 880 10,986 766,109 697,025 22
Jul-06 1,050 870 1,050 8,237 683,214 652,176.9 21
Aug-06 1,220 1,010 1,190 9,697 862,807 954,278 20
2,800 240 Sep-06 1,280 1,120 1,250 8,613 878,598 1,078,594 21
Oct-06 1,340 1,230 1,330 5,825 397,222 513,753 17
Nov-06 1,450 1,310 1,400 7,439 543,986 754,160 22
2,100 180
Dec-06 1,430 1,270 1,350 4,646 305,240 416,274 19
Jan-00
1,400 120 Jan-07 1,730 1,280 1,690 11,963 1,115,229 1,616,042 22
Feb-07 1,810 1,450 1,560 9,752 680,406 1,147,048 20
Mar-07 1,580 1,370 1,520 10,461 751,191 1,051,102 21
700 60 Apr-07 1,740 1,520 1,640 9,011 680,272 997,079 20
May-07 1,830 1,630 1,730 9,470 734,761 1,075,289 19
Jun-07 2,200 1,750 2,025 13,279 608,705 1,198,264 20
Jan 06 Jan 07 Jan 08 Jan 09 Jan 10 Jul-07 2,275 1,925 2,000 11,854 496,903 1,056,660 22
Aug-07 2,000 1,560 1,860 11,224 554,974 904,611 22
Sep-07 1,990 1,770 1,930 11,761 380,869 714,101 20
Oct-07 2,200 1,850 2,200 15,613 673,451 1,378,549 20
CHANGE OF CLOSING PRICE Nov-07 2,850 2,125 2,525 20,695 1,062,449 2,630,229 22
CONSUMER GOODS INDEX AND JAKARTA COMPOSITE INDEX Dec-07 2,725 2,400 2,575 6,023 193,783 497,064 16
JANUARY 2006 - JULY 2010
Jan-00
420% 420%
Jan-08 3,275 2,475 2,825 21,808 892,868 2,552,193 20
Feb-08 3,075 2,675 2,925 14,828 705,872 1,978,606 19
350% 350% Mar-08 2,950 2,150 2,325 15,641 504,388 1,259,261 18
Jakarta Composite Index
Apr-08 2,475 2,125 2,275 13,080 538,083 1,185,290 22
Consumer Goods Index
Closing Price May 08
May-08 2 925
2,925 2 275
2,275 2 800
2,800 13 017
13,017 390 612
390,612 1 032 416
1,032,416 20
280% 280% Jun-08 2,850 2,300 2,400 11,290 395,004 816,394 21
Jul-08 2,450 2,000 2,275 11,723 301,516 664,730 22
Aug-08 2,275 1,850 2,250 19,192 733,740 1,602,383 20
210% 210%
Sep-08 2,275 1,750 1,960 17,537 363,057 757,186 21
Oct-08 1,910 940 1,090 22,461 504,408 681,497 18
140% 140% Nov-08 1,290 840 970 36,235 918,540 928,159 20
Dec-08 1,030 870 930 27,583 787,123 751,197 19
Jan-00
70% 70%
Jan-09 1,130 920 980 29,766 1,290,037 1,331,224 19
Feb-09 1,030 860 880 21,979 588,202 553,241 20
- -
Mar-09 1,000 820 940 22,837 607,038 556,675 20
Apr-09 1,300 900 1,280 49,778 2,183,917 2,394,865 20
May-09 1,950 1,240 1,780 33,717 1,063,904 1,686,046 20
-70% -70% Jun-09 1,990 1,620 1,890 43,502 1,017,696 1,901,543 22
Jan 06 Jan 07 Jan 08 Jan 09 Jan 10 Jul-09 2,350 1,730 2,275 37,559 959,545 1,936,235 21
Aug-09 2,725 2,175 2,500 50,780 1,036,578 2,493,334 20
Sep-09 3,050 2,375 3,025 32,194 854,259 2,316,405 18
SHARES TRADED 2006 2007 2008 2009 Jul-10 Oct-09 3,300 2,700 3,075 21,560 497,217 1,520,961 22
Volume (Million Shares) 8,247 7,933 7,035 10,912 3,107 Nov-09 3,250 2,925 3,075 12,704 294,624 908,260 20
Value (Billion Rp) 8,803 14,266 14,209 18,975 11,904 Dec-09 3,625 3,075 3,550 16,435 519,266 1,375,914 19
Frequency (X) 100,261 141,106 224,395 372,811 160,561 Jan-00
Days 242 244 240 241 145 Jan-10 3,900 3,400 3,600 19,155 416,987 1,542,974 20
Feb-10 3,950 3,375 3,800 16,258 332,640 1,220,407 19
Price (Rupiah) Mar-10 4,225 3,700 3,775 22,401 373,683 1,463,808 22
High 1,450 2,850 3,275 3,625 4,725 Apr-10 3,950 3,700 3,900 26,928 468,345 1,798,803 21
Low 810 1,280 840 820 3,300 May-10 3,950 3,300 3,650 33,032 644,511 2,320,315 19
Close 1,350 2,575 930 3,550 4,625 Jun-10 4,225 3,475 4,150 22,744 514,572 1,995,277 22
Close* 1,350 2,575 930 3,550 4,625 Jul-10 4,725 4,100 4,625 20,043 355,861 1,561,997 22
Aug-10
PER (X) 19.28 26.69 7.89 14.84 16.07 Sep-10
PER Industry (X) 16.98 11.98 8.75 13.04 15.45 Oct-10
PBV (X) 2.59 3.84 0.96 3.23 3.80 Nov-10
Dec-10
* Adjusted price after corporate action
Indofood Sukses Makmur Tbk. INDF
Financial Data and Ratios
Public Accountant : Purwantono, Sarwoko & Sandjaja (Member of Ernst & Young Global Limited) Book End : December

BALANCE SHEET Dec-2006 Dec-2007 Dec-2008 Dec-2009 Jun-2010

TOTAL ASSETS AND LIABILITIES
(Million Rp except Par Value) (Billion Rupiah)
Cash & Cash Equivalents 1,794,451 4,536,937 4,271,208 4,474,830 5,855,446 42,500
R
Receivable
i bl 1
1,668,487
668 487 2,367,820
2 367 820 2
2,760,971
760 971 2,296,474
2 296 474 3,225,577
3 225 577 Assets Liabilities
34,000
Inventories 2,975,274 4,169,150 6,061,219 5,117,484 5,035,658
Current Assets 7,457,559 11,766,665 14,598,422 12,954,813 14,873,999 25,500

Fixed Assets 6,440,524 8,079,455 9,586,545 10,808,449 11,228,493

17,000
Other Assets 747,886 900,400 1,673,000 2,044,473 146,096
Total Assets 16,112,493 29,527,466 39,594,264 40,382,953 42,072,894
8,500
Growth (%) 83.26% 34.09% 1.99% 4.18%
-
Current Liabilities 6,273,098 12,776,365 16,262,161 11,158,962 12,460,512 2006 2007 2008 2009 Jun-10
Long Term Liabilities 4,247,287 5,899,543 10,170,208 13,727,819 13,326,334
Total Liabilities 10,523,697 18,679,042 26,435,324 24,886,781 25,786,846
Growth (%) 77.50% 41.52% -5.86% 3.62% TOTAL EQUITY (Billion Rupiah)

10,743
Minority Interest 657,710 3,721,828 4,660,191 5,340,677 5,542,628 10,155

Authorized Capital 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 8,499

Paid up Capital 944,419 944,419 878,043 878,043 878,043
8,595

7,127
Paid up Capital (Shares) 9,444 9,444 8,780 8,780 8,780
6,446

Par Value 100 100 100 100 100 4,931

Retained Earnings 4,283,280 4,999,251 5,328,387 6,991,568 7,568,502 4,297

Total Equity 4,931,086 7,126,596 8,498,749 10,155,495 10,743,420

Growth (%) 44.52% 19.25% 19.49% 5.79% 2,149

INCOME STATEMENTS Dec-2006 Dec-2007 Dec-2008 Dec-2009 Jun-2010

-

2006 2007 2008 2009 Jun-10

Total Revenues 21,941,558 27,858,304 38,799,279 37,140,830 18,122,582
Growth (%) 26.97% 39.27% -4.27%

TOTAL REVENUES (Billion Rupiah)

Expenses 16,760,382 21,281,752 29,822,362 27,018,884 12,240,369
Gross Profit 5,181,176 6,576,552 8,976,917 10,121,946 5,882,213 38,799
38,799
37,141
Operating Expenses 3,205,467 3,682,124 4,635,441 5,117,737 2,761,786
Operating Profit 1,975,709 2,894,428 4,341,476 5,004,209 3,120,427 31,039
27,858
Growth (%) 46.50% 49.99% 15.27%
23,280
21,942
18,123
Other Income (Expenses) -750,485 -829,199 -1,741,653 -940,396 -608,663
Income before Tax 1,225,224 2,065,229 2,599,823 4,063,813 2,511,764
15,520

Tax 473,176 696,842 801,553 1,207,032 716,067

7,760

Minority Interest -90,838 -387,270 -782,597 -780,920 -385,189

Net Income 661,210 980,357 1,034,389 2,075,861 1,410,508 -

Growth (%) 48.27% 5.51% 100.68% 2006 2007 2008 2009 Jun-10

RATIOS Dec-2006 Dec-2007 Dec-2008 Dec-2009 Jun-2010

Current Ratio (%) 118.88 92.10 89.77 116.09 119.37 NET INCOME (Billion Rupiah)
Dividend (Rp) 31.00 43.00 47.00 93.00 - 2,076
EPS (Rp) 70.01 103.81 117.81 236.42 160.64 2,076

BV (Rp) 522.13 754.60 967.92 1,156.61 1,223.56

DAR (X) 0.65 0.63 0.67 0.62 0.61
1,661

1,411
DER(X) 2.13 2.62 3.11 2.45 2.40
1,034
1,246

ROA (%) 7.60 6.99 6.57 10.06 5.97 980

ROE (%) 24.85 28.98 30.59 40.02 23.38 830
661
GPM (%) 23.61 23.61 23.14 27.25 32.46
OPM (%) 9.00 10.39 11.19 13.47 17.22 415

NPM (%) 3.01 3.52 2.67 5.59 7.78

Payout Ratio (%) 44.28 41.42 39.90 39.34 -
-

Yield ((%)) 2.30 1.67 5.05 2.62 - 2006 2007 2008 2009 Jun-10