INAF Indofarma (Persero) Tbk.

[S]

COMPANY REPORT : JULY 2014

As of 25 July 2014

Main Board
Industry Sector : Consumer Goods Industry (5)
Industry Sub Sector : Pharmaceuticals (53)

Individual Index
:
Listed Shares
:
Market Capitalization :

71.200
3,099,267,500
551,669,615,000

334 | 0.55T | 0.01% | 99.23%

250 | 0.06T | 0.007% | 99.66%

COMPANY HISTORY
Established Date
: 02-Jan-1996
Listing Date
: 17-Apr-2001
Under Writer IPO :
PT Bahana Securities
Securities Administration Bureau :
PT Datindo Entrycom
Puri Datindo - Wisma Sudirman
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220
Phone : (021) 570-9009
Fax
: (021) 570-9026

SHAREHOLDERS (July 2014)

1. Negara Republik Indonesia
2. Public (<5%)

2,500,000,000 :
599,267,500 :

DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
2000
2001
2012

Shares

Dividend
12.46
19.77
1.37

Cum Date
29-Nov-01
18-Nov-02
02-May-13

Ex Date
30-Nov-01
19-Nov-02
03-May-13

Recording
Date
05-Dec-01
21-Nov-02
07-May-13

80.66%
19.34%

Payment
Date
20-Dec-01
04-Dec-02
22-May-13

F/I
F
F
F

ISSUED HISTORY
BOARD OF COMMISSIONERS
1. Akmal Taher
2. Fajar Rahmat Zulkarnaen *)
3. Kustantinah *)
4. Rina Moreta
*) Independent Commissioners
BOARD OF DIRECTORS
1. Elfiano Rizaldi
2. Bambang Solihin Irianto
3. John Guntar Sebayang
4. Kosasih
AUDIT COMMITTEE
1. Akmal Taher
2. Darul Dimasqy Kramawiredja
3. Fajar Rahmat Zulkarnaen
4. Warga Murad
CORPORATE SECRETARY
Yasser Arafat
HEAD OFFICE
Jln. Indofarma No. 1
Cikarang Barat
Bekasi - 17530
Phone : (021) 883-23975, 859-08350
Fax
: (021) 883-23972, 883-23973
Homepage
Email

: www.indofarmagroup.com
: yasser@indofarma.co.id

No.
1.
2.
3.
4.

Type of Listing
Negara RI (Seri A)
First Issue
Company Listing
Option Conversion

Shares
1
596,875,000
2,499,999,999
2,392,500

Listing
Date
17-Apr-01
17-Apr-01
17-Apr-01
26-Aug-02

Trading
Date
00-Jan-00
17-Apr-01
17-Apr-01
26-Aug-02

INAF Indofarma (Persero) Tbk. [S]

Closing
Price*

Volume
(Mill. Sh)

360

320

315

280

270

240

225

200

180

160

135

120

90

80

45

40

Jan-10

Jan-11

Jan-12

Jan-13

Jan-14

Closing Price*, Jakarta Composite Index (IHSG) and

Consumer Goods Industry Index
January 2010 - July 2014
350%
300%
250%
207.4%

200%
150%

114.5%
97.6%

100%
50%
-50%

Jan 10

Jan 11

Jan 12

Jan 13

Jan 14

SHARES TRADED

2010

2011

2012

2013

Jul-14

Volume (Million Sh.)

Value (Billion Rp)
Frequency (Thou. X)
Days

2,534
226
67
244

3,256
399
105
246

3,546
779
91
246

1,767
523
72
244

315
58
22
137

110
73
80
80

197
67
163
163

340
158
330
330

370
145
153
153

202
151
178
178

13.66
16.22
0.83

24.13
19.75
1.57

-5.81
19.15
0.81

-5.42
20.27
1.02

Price (Rupiah)
High
Low
Close
Close*

19.76
PER (X)
16.41
PER Industry (X)
0.80
PBV (X)
* Adjusted price after corporate action

Closing Price

Freq.

Volume

Value

Day

TRADING ACTIVITIES

Closing Price* and Trading Volume

Indofarma (Persero) Tbk. [S]
January 2010 - July 2014

Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10

High
95
82
83
110
107
102
95
90
99
97
85
82

Low
79
73
75
78
76
83
87
83
82
82
78
79

Close
80
78
79
107
87
92
87
84
83
84
81
80

(X)
20,111
2,397
5,675
9,253
1,122
3,093
3,183
4,893
5,435
8,978
2,200
783

Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11

82
77
82
85
99
99
96
91
86
129
143
197

70
70
71
77
80
80
89
75
69
67
114
130

72
73
79
80
87
92
90
83
74
127
129
163

626
749
1,043
2,718
15,321
8,531
2,421
949
491
20,950
27,981
22,790

19,915
15,276
25,482
80,536
351,728
355,321
93,568
23,804
18,240
646,157
738,087
888,348

1,515
1,125
1,947
6,554
31,719
33,168
8,616
2,023
1,257
73,913
93,649
143,816

21
17
23
20
21
20
21
19
20
21
22
21

Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12

205
225
205
260
250
205
225
250
225
245
280
340

158
183
173
187
196
177
193
192
200
200
197
240

205
188
190
220
196
196
215
205
215
200
265
330

25,363
6,548
7,005
11,251
4,989
2,497
2,116
3,169
2,017
4,454
13,696
8,211

960,199
237,728
197,853
504,651
177,002
56,407
68,842
128,580
77,247
134,171
674,878
328,090

176,675
48,949
37,981
110,639
38,997
10,956
14,100
29,502
16,408
29,020
165,966
99,883

21
21
21
20
21
21
22
19
20
22
20
18

Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13

370
355
345
340
345
310
265
215
195
192
179
175

290
315
305
280
260
245
200
145
158
168
159
152

350
340
315
295
310
260
200
168
170
176
163
153

8,982
5,477
8,076
16,071
7,826
2,983
5,052
5,181
4,664
5,495
1,481
1,075

310,631
190,078
246,199
267,121
274,865
93,228
91,381
80,020
60,780
114,482
20,257
18,069

104,787
64,487
81,157
84,710
87,373
25,462
21,909
14,320
11,104
20,770
3,403
3,688

21
20
19
22
22
19
23
17
21
21
20
19

Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14

174
181
202
202
192
186
187

151
161
164
180
179
166
169

164
172
196
185
182
168
178

3,945
2,797
6,020
3,753
1,999
1,250
1,929

40,259
34,989
101,260
70,489
24,807
16,591
26,741

7,217
6,042
18,874
13,626
4,571
2,965
4,788

20
20
20
20
18
21
18

(Thou. Sh.) (Million Rp)

702,651
62,514
50,099
3,855
148,097
11,793
448,199
41,283
62,418
6,028
51,804
5,009
52,380
4,715
72,182
6,230
378,689
34,768
476,186
41,896
69,574
5,647
22,116
1,783

20
19
22
21
19
21
22
21
17
21
21
20

INAF Indofarma (Persero) Tbk. [S]

Financial Data and Ratios

Book End : December

Public Accountant : Hendrawinata Eddy & Siddharta (Member of Kreston International)

Dec-09

Dec-10

Dec-11

Dec-12

Dec-13

Cash & Cash Equivalents

110,875

120,918

133,417

194,903

121,432

Receivables

180,351

132,470

161,953

248,475

285,853

Inventories

141,953

159,253

193,442

161,342

236,417

Current Assets

581,222

582,662

706,558

777,629

848,840

Fixed Assets

100,991

96,937

342,984

339,196

367,913

BALANCE SHEET

TOTAL ASSETS AND LIABILITIES (Bill. Rp)

(Million Rp except Par Value)

Assets

1,100
825

Other Assets

22,296

27,316

9,009

8,582

Total Assets

728,035

733,958

1,114,902

1,188,619

1,294,511

0.81%

51.90%

6.61%

8.91%

275

376,912

375,536

459,404

369,864

670,903

52,402

47,154

46,304

168,653

32,815

429,313

422,690

505,708

538,517

703,717

-1.54%

19.64%

6.49%

30.68%

1,000,000

1,000,000

1,000,000

1,000,000

1,000,000

309,927

309,927

309,927

309,927

309,927

3,099

3,099

3,099

3,099

3,099

100

100

100

100

100

Growth (%)
Current Liabilities
Long Term Liabilities
Total Liabilities

Growth (%)

Liabilities

1,375

550

2009

2010

2011

2012

2013

TOTAL EQUITY (Bill. Rp)

Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings

-86,307

-75,760

20,821

61,729

2,420

Total Equity

298,720

311,267

609,194

650,102

590,793

4.20%

95.71%

6.72%

-9.12%

Growth (%)
INCOME STATEMENTS
Total Revenues

Dec-09

Dec-10

Dec-11

Dec-12

Dec-13

1,125,055

1,047,918

1,203,467

1,156,050

1,337,498

-6.86%

14.84%

-3.94%

15.70%

Growth (%)
Cost of Revenues

820,420

729,454

807,283

788,155

999,931

Gross Profit

304,636

318,464

396,184

367,896

337,567

Expenses (Income)

258,727

262,017

304,226

284,587

369,873

45,909

56,448

91,959

83,309

-32,306

22.96%

62.91%

-9.41%

N/A

Operating Profit

Growth (%)

609

650

650
591

517

385

299

311

2009

2010

252

120

-13

2011

2012

2013

TOTAL REVENUES (Bill. Rp)

1,337
1,203

1,337

1,125

1,048

1,156

1,065

-33,243

-36,039

-36,756

-21,577

-30,727

Income before Tax

12,666

20,409

55,203

61,732

-63,033

Tax

10,540

7,862

18,283

19,347

-8,810

Other Income (Expenses)

Profit for the period

2,126

Growth (%)

12,547

36,919

42,385

-54,223

490.23%

194.26%

14.80%

N/A

792

519

246

Period Attributable
Comprehensive Income
Comprehensive Attributable

RATIOS
Current Ratio (%)
Dividend (Rp)

42,385

-54,222

2,126

12,547

36,970

42,385

-54,223

-54,222

Dec-09

Dec-10

Dec-11

Dec-12

Dec-13

154.21

155.15

153.80

210.25

126.52

1.37

13.68

-17.50

BV (Rp)

96.38

100.43

196.56

209.76

190.62

DAR (X)

0.59

0.58

0.45

0.45

0.54

DER(X)

1.44

1.36

0.83

0.83

1.19

ROA (%)

0.29

1.71

3.31

3.57

-4.19

ROE (%)

0.71

4.03

6.06

6.52

-9.18

GPM (%)

27.08

30.39

32.92

31.82

25.24

OPM (%)

4.08

5.39

7.64

7.21

-2.42

NPM (%)

0.19

1.20

3.07

3.67

-4.05

10.02

0.42

EPS (Rp)

Payout Ratio (%)

Yield (%)

-27

2009

2010

2011

2012

2013

PROFIT FOR THE PERIOD (Bill. Rp)

37

42

42

13

23

2.1

2013

2009

2010

2011

2012

-16

-35

-54

-54