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PTVokselElectricTbk.

Business

CablesIndustry

CompanyStatus

PMA

Underwriter

PTINDOVEST,PTSEABSecurindo

Shareholder
2000
ShowaElectricWireandCabelCo.Ltd.,Japan
PTTunasSugihLestari
CrosbySecurities
AgusGunawan
Public

2001
14.01%
11.48%
8.79%
6.78%
58.94%

2005
ShowaElectricWireandCabelCo.Ltd.,Japan
PTTunasSugihLestari
AgusGunawan
Public

ShowaElectricWireandCabelCo.Ltd.,Japan
PTTunasSugihLestari
CrosbySecuritiesPte.,Ltd.
AgusGunawan
Public

2002
14.01%
11.48%
8.79%
6.78%
58.94%

2006
14.01%
12.12%
6.78%
67.09%

ShowaElectricWireandCableCo.Ltd.,Japan
PTTunasSugihLestari
AgusGunawan
Public

ShowaElectricWireandCabelCo.Ltd.,Japan
PTTunasSugihLestari
CrosbySecuritiesPte.,Ltd.
AgusGunawan
Public

2007
14.01%
12.12%
6.78%
67.09%

PerfectProspectLimited
SaltonFinancialLimited
EconoplusLimited
SWCCShowaHoldingsCo.,Ltd
WelshOverseasHoldingsCo.,Ltd
TriwiseGroupLimited
Public

2003
14.01% ShowaElectricWireandCabelCo.Ltd.,Japan
12.12% AgusGunawan
8.13% Public
6.78%
58.96%

2008
30.87% PerfectProspectLimited,Singapura
17.61% SWCCShowaHoldingsCo.,Ltd,Jepang
17.52% Public
9.45%
7.76%
3.76%
13.03%

2004
14.01% ShowaElectricWireandCabelCo.Ltd.,Japan
6.78% PTTunasSugihLestari
79.21% AgusGunawan
Public

14.01%
12.12%
6.78%
67.09%

2009
28.95% PerfectProspectLimited,Singapore
10.02% SWCCShowaHoldingsCo.,Ltd,Japan
61.03% Public

28.95%
10.02%
61.03%

Management & Number of Employees


Board of Commissioners

Board of Directors

Number of Employees

2000

President Commissioner
Commissioners

Sugih Tjandrawinata
Kaoru Murata,Budinata Atmadja,
Ferry Tjandrawinata

President Director
Directors

Chandra Gunawan
Sumio Murasugi, Michael Tjandrawinata,
Rusmin Cahyadi, Yuichi Niijima

908

2001

President Commissioner
Commissioners

Sugih Tjandrawinata
Itaru Harashima, Budinata Atmadja, Ferry Tjandrawinata,
Husni Thamrin Mukti, Muchlis Sai

President Director
Directors

Chandra Gunawan
Takashi Ueno, Michael Tjandrawinata,
Rusmin Cahyadi, Yuichi Niijima

761

2002

President Commissioner
Commissioners

Sugih Tjandrawinata
Itaru Harashima, Budinata Atmadja,
Ferry Tjandrawinata, Husni Thamrin Mukti, Muchlis Sai

President Director
Directors

Chandra Gunawan
Takashi Ueno, Michael Tjandrawinata,
Rusmin Cahyadi, Yuichi Niijima

779

2003

President Commissioner
Commissioners

Sugih Tjandrawinata
Itaru Harashima, Budinata Atmadja,
Ferry Tjandrawinata, Husni Thamrin Mukti, Muchlis Sai

President Director
Directors

Chandra Gunawan
Takashi Ueno, Michael Tjandrawinata,
Rusmin Cahyadi, Yuichi Niijima

654

2004

President Commissioner
Commissioners

Sugih Tjandrawinata
Budinata Atmadja
Ferry Tjandrawinata
Husni Thamrin Mukti
Muchlis Sai
Nobuyuki Gonsho

President Director
Directors

Chandra Gunawan
Takashi Ueno
Michael Tjandrawinata
Rusmin Cahyadi
Yuichi Niijima

499

2005

President Commissioner
Commissioners

Chandra Gunawan
Budinata Atmadja, Kumhal Djamil,
Husni Thamrin Mukti, Muchlis Sai,
Nobuyuki Gonsho

President Director
Directors

Ferry Tjandrawinata
Masaaki Shimazu, Michael Tjandrawinata,
Rusmin Cahyadi, Haruyoshi Furukawa,
Agus Leman Goenawan

412

2006

President Commissioner
Commissioners

Chandra Gunawan
Budinata Atmadja
Kumhal Djamil
Husni Thamrin Mukti
Muchlis Sai
Nobuyuki Gonsho

President Director
Directors

Ferry Tjandrawinata
Masaaki Shimazu
Michael Tjandrawinata
Rusmin Cahyadi
Haruyoshi Furukawa
Linda Lius

579

2007

President Commissioner
Commissioners

Chandra Gunawan
Budinata Atmadja, Kumhal Djamil,
Husni Thamrin Mukti, Muchlis Sai
Nobuyuki Gonsho

President Director
Vice President Director
Directors

Ferry Tjandrawinata
Rusmin Cahyadi
Masaaki Shimazu, Michael Tjandrawinata,
Haruyoshi Furukawa, Linda Lius

545

2008

President Commissioner
Commissioners

Chandra Gunawan
Budinata Atmadja, Kumhal Djamil,
Husni Thamrin Mukti, Muchlis Sai,
Nobuyuki Gonsho

President Director
Directors

Ferry Tjandrawinata
Masaaki Shimazu, Michael Tjandrawinata,
Haruyoshi Furukawa, Linda Lius,
Heru Gondokusumo

826

2009

President Commissioner
Commissioners

Chandra Gunawan
Budinata Atmadja
Kumhal Djamil
Husni Thamrin Mukti
Muchlis Sai
Nobuyuki Gonsho

President Director
Directors

Ferry Tjandrawinata
Michael Tjandrawinata
Haruyoshi Furukawa
Linda Lius
Heru Gondokusumo

865

Total Assets
Current Assets
of which
Cash on hand and in banks
Cash and cash equivalents
Time deposits
Trade receivables
Inventories
Pre Paid
Receivable from affiliates
Non-current Assets
of which
Fixed Asset Net
Deffered Tax Assets
Investments
Other Assets
Liabilities
Current Liabilities
of which
Bank loans
Short-term debt
Bank borrowings
Trade payables
Taxes payable
Accrued expenses
Payable to affiliates
Current maturities of
long-term debt
Long-term Liabilities
of which
Bank borrowings
Leasing payable
Non-Current Liabilities
Minority Interests in Subsidiaries

1998

1999

2000

486,720
219,251

444,761
211,692

494,527
253,893

42,411

49,995

30,478

(million rupiah)
2001

2,002

2,003

2004

2005

448,647
234,288

397,499
221,491

354,624
206,163

409,270
255,904

414,293
276,665

21,470

10,819

25,630

23,738
43,587

68,555
100,817

55,103
89,403

89,570
111,836

83,408
97,140

83,555
95,044

87,994
75,622

112,286
97,146

119,486
94,392

176,008

148,461

153,366

137,627

206,121

181,310

209,017

191,232

162,598

130,915

121,715

112,253

61,349

51,759

31,616

23,126

1,895

1,880

1,824

2,280

633,298
633,298

585,448
585,448

569,182
569,182

543,438
123,168

480,770
115,511

469,857
136,490

560,372
209,906

181,848
169,709

482,401

443,783

325,826

18,227

43,745

14,270

84,903

61,382

80,765

71,797

105,839

94,825

420,270

365,258

333,367

350,466

12,140
6

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

(146,577)
63,000

(140,686)
63,000

(74,656)
63,000

(94,792)
63,000

(83,271)
63,000

(115,233)
63,000

(151,106)
63,000

232,439
63,000

940
367
(210,884)

940
367
(204,993)

940
367
(138,962)

940
367
(159,098)

940
1,153
(148,364)

940
1,153
(180,327)

940
1,153
(216,200)

940
1,153
167,346

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

302,809
264,387
38,422
24,588
13,835
(228,479)
(214,644)
(160,716)

288,176
261,094
27,082
23,320
3,762
4,351
8,113
5,891

360,570
332,291
28,279
27,144
1,135
(115,230)
(114,095)
18,452

432,771
402,628
30,142
38,366
(8,223)
(37,694)
(45,917)
(19,227)

516,063
478,412
37,651
44,143
(6,492)
25,742
19,250
10,867

426,897
391,326
35,571
37,736
(2,164)
(11,466)
(13,630)
(10,737)

592,258
542,742
49,517
43,787
5,730
(70,244)
(64,515)
(37,139)

803,283
709,356
93,927
47,290
46,637
(43,951)
2,686
26,831

Per Share Data (Rp)


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

(1,276)
(1,163)
200

47
(1,117)
550

146
(593)
290

(153)
(752)
200

86
(661)
n.a
130

(85)
(915)
n.a
90

(295)
(1,199)
n.a
165

213
1,845
n.a
285

(0.16)
(0.17)
-

11.76
(0.49)
-

1.98
(0.49)
-

(1.31)
(0.27)
-

1.51
(0.20)
n.a
n.a

(1.06)
(0.10)
n.a
n.a

(0.56)
(0.14)
n.a
n.a

1.34
0.15
n.a
n.a

0.35
(4.32)
1.30
0.13
0.05
n.a.
2.62
0.62
(33.02)
n.a.

0.36
n.a.
1.32
0.09
0.01
0.02
2.92
0.65
1.32
(4.19)

0.45
n.a.
1.15
0.08
0.05
2.97
0.73
3.73
(24.72)

1.90
n.a.
1.21
0.07
n.a.
n.a.
4.14
0.96
(4.29)
(20.28)

1.92
n.a
1.21
0.07
n.a
0.02
5.03
1.30
2.73
13.05

1.51
n.a
1.32
0.08
n.a
n.a
5.17
1.20
(3.03)
(9.32)

1.22
n.a
1.37
0.08
0.97
n.a
5.59
1.45
(9.07)
(24.58)

1.63
0.78
0.44
0.12
5.81
3.34
7.51
1.94
6.48
(11.54)

1998

1999
(8.62)
(4.02)
(4.83)
(104)

2000
11.19
(46.93)
25.12
213

2001
(9.28)
26.97
20.02
(204)

2,002
(11.40)
(12.15)
19.25
(157)

2,003
(10.79)
38.38
(17.28)
(199)

2004
15.41
31.13
38.74
246

2005
1.23
(253.83)
35.63
(172)

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

1
2
3
4

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

SUMMARY OF FINANCIAL STATEMENT

PT. Voksel Electric Tbk. (VOKS)


2006

(millionrupiah)
2007

2008

TotalAssets
CurrentAssets
ofwhich
CashandCashEquivalents
Tradereceivables
Inventories
NonCurrentAssets
ofwhich
FixedAssetsNet
OtherAssets

471,940
348,503

805,074
667,164

1,165,128
915,111

35,679
155,234
131,113
123,437

50,078
276,228
273,767
137,910

59,526
417,849
364,784
250,017

105,677
1,948

127,243
2,104

199,160
4,158

Liabilities
CurrentLiabilities
ofwhich
Tradepayables
Taxespayable
NonCurrentLiabilities
MinorityInterestsinSubsidiaries

212,021
198,331

496,171
479,310

849,783
831,755

102,499
n.a
13,690
64

299,005
8,630
16,861
81

462,360
11,491
18,028
270

Shareholders'Equity
Paidupcapital
Paidupcapital
inexcessofparvalue
Revaluationoffixedassets
Retainedearnings(accumulatedloss)

259,855
415,560

308,822
415,560

315,075
415,560

940
1,153
(157,799)

940
1,153
(108,831)

940
1,153
(102,578)

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

919,537
823,506
96,031
57,105
38,926
15,054
53,979
35,597

1,358,648
1,181,302
177,346
82,260
95,086
(17,903)
77,183
53,701

2,267,484
2,013,100
254,384
113,749
140,636
(129,982)
10,653
5,238

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

64
313
n.a
410

65
372
n.a
810

6
379
n.a
300

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

6.38
1.31
n.a
n.a

12.54
2.18
n.a
n.a

47.60
0.79
n.a
n.a

1.76
0.82
0.45
0.10
4.23
3.87
6.28
1.95
7.54
13.70

1.39
1.61
0.62
0.13
7.00
3.95
4.31
1.69
6.67
17.39

1.10
2.70
0.73
0.11
6.20
0.23
5.52
1.95
0.45
1.66

CurrentRatio(x)
DebttoEquity(x)
LeverageRatio(x)
GrossProfitMargin(x)
OperatingProfitMargin(x)
NetProfitMargin(x)
InventoryTurnover(x)
TotalAssetsTurnover(x)
ROI(%)
ROE(%)
PER=14.27x;PBV=1.04x(June2009)
FinancialYear:December31
PublicAccountant:Hendrawinata,Gani&Hidayat