PTBATIndonesiaTbk.

Business

Cigarettes

CompanyStatus

PMA

Underwriters

PT(Persero)Danareksa,PTMerchantInvestmentCorporation

Shareholders
2000
BATCo.Ltd.
BermudaTrust,SingaporeLtd.
PTDanareksa
Public

2005
BAT(Investments)Ltd.
BankOfBermudaLtd.(HK)
Public

2001
70.00% BATCo.Ltd.
8.00% BermudaTrust,SingaporeLtd.
6.00% PTDanareksa
16.00% Public

2006
71.00% BAT(Investments)Ltd.
16.00% HSBCFundServicesClientsA/C500
13.00% SSBS7IVACFFirstEagle
Public

2002
71.00% BATCo.Ltd.
8.00% BankOfBermudaLtd.(HK)
6.00% PTDanareksa(Persero)
15.00% Public

2007
71.00% BAT(Investments)Ltd.
8.00% HSBCFundServicesClientsA/C500
7.00% SSBS7IVACFFirstEagle
14.00% Public

2003
71.00% BATCo.Ltd.
12.00% BankOfBermudaLtd.(HK)
6.00% Public
11.00%

2008
71.00% BAT(Investments)Ltd.
8.00% HSBCFundServicesClientsA/C500
7.00% Public
14.00%

2004
71.00% BAT(Investments)Ltd.
15.00% BankOfBermudaLtd.(HK)
14.00% Public

71.00%
16.00%
13.00%

2009
79.00% BAT(Investments)Ltd.
9.00% HSBCFundServicesClientsA/C500
12.00% Public

79.00%
9.00%
12.00%

Management & Number of Employees

Board of Commissioners

Board of Directors

Number of Employees

2000

President Commissioner
Commissioners

Selo Soemardjan
Subarto Zaini
Anthony Cameron Johnston

President Director
Directors

Mark Antony Jennings

Muhaimin Moeftie
Martin Mueller
Barry Nodroum
Gunawan Widjaja
Terence Richard Cramp

1,717

2001

President Commissioner
Commissioners

Selo Soemardjan
Subarto Zaini
Johan Roelofse

President Director
Directors

Alaistair Frederick Ross

Muhaimin Moeftie
Rohit Anand
Herman Satriyo Endro
Naresh Sethi, Masudil Badri

1,040

2002

President Commissioner
Commissioners

Selo Soemardjan
Subarto Zaini, MBA
James Richard Suttie
Frans Seda

President Director
Directors

Frederick William Charles Combe

Muhaimin Moeftie
Rohit Anand
Naresh Kumar Sethi
Masudil Badri, MBA

886

2003

President Commissioner
Commissioners

Frans Seda
Subarto Zaini, MBA
Alan Himmer

President Director
Directors

Frederick William Charles Combe

Lekir Amir Daud
Rohit Anand
Naresh Kumar Sethi
Masudil Badri, MBA

815

2004

President Commissioner
Commissioners

Frans Seda
Subarto Zaini, MBA
Alan Keith Himmer
Djoko Moeljono

President Director
Directors

Ian Thomas Morton

Lekir Amir Daud
Rohit Anand
Masudil Badri, MBA
Lutful Huda Chowdhury

717

2005

President Commissioner
Commissioners

Frans Seda
Subarto Zaini, MBA
Alastair James Young
Djoko Moeljono

President Director
Directors

Ian Thomas Morton

Lekir Amir Daud
Rohit Anand
Masudil Badri, MBA
Lutful Huda Chowdhury

717

2006

President Commissioner
Commissioners

Frans Seda
Subarto Zaini, MBA
Stuart Damon Brazier
Djoko Moeljono

President Director
Directors

Ian Thomas Morton

Lekir Amir Daud
Mark Drain
Masudil Badri, MBA
Wahyu Indrawanto

494

2007

President Commissioner
Commissioners

Frans Seda
Subarto Zaini, MBA
Djoko Moeljono

President Director
Directors

Ian Thomas Morton

Lekir Amir Daud
Mark Drain
Harold Paul Hutabarat

478

2008

President Commissioner
Commissioners

Djoko Moeljono
Subarto Zaini, MBA
Rudy Capelle
Foo Chek Kiang

President Director
Directors

Ian Thomas Morton

Lekir Amir Daud
Mark Drain
Harold Paul Hutabarat

347

2009

President Commissioner
Commissioners

Djoko Moeljono
Subarto Zaini, MBA
Rudy Rene de Ceuninck vanCapelle
Foo Chek Kiang

President Director
Directors

Rehan Baig
Lekir Amir Daud
James John Gregory
Harold Paul Hutabarat

362

Total Assets
Current Assets
of which
Cash on hand and in banks
Cash and cash equivalents
Receivable from affiliates
Trade receivables
Inventories
Non-Current Assets
of which
Fixed Asset Net
Prepaid
Deffered Tax Assets-Net
Investment
Other Assets

1998

1999

2000

807,107
594,598

874,736
631,074

812,466
552,180

51,346

71,368

26,503

(million rupiah)
2001

2002

2003

2004

2005

730,886
502,379

696,440
479,855

648,344
456,971

696,241
521,589

681,787
514,365

49,205

24,826

20,389

28,193
108,460

47,795
440,558

22,294
499,487

22,101
472,260

17,344
392,531

7,314
392,566
216,585

4,516
365,959
191,373

15,727
411,373
174,652

30,225
314,897
167,422

157,976

188,955

192,506

179,069

159,873

156,946

138,980

143,408

54,533

54,707

67,780

49,438

50,634

33,518

26,652

21,121

Liabilities
Current Liabilities
of which
Short-term debt
Bank loans
Bank borrowings
Trade payables
Taxes and excise payable
Notes payable
Current maturities of
long-term debt
Long-term Liabilities
of which
Bank borrowings
Non-Current Liabilities
Minority Interests in Subsidiaries

514,079
494,103

771,810
731,034

430,947
411,651

327,675
302,081

287,024
254,891

224,651
199,182

290,839
268,002

263,019
236,961

Shareholders' Equity
Paid-up capital
Paid-up capital
in excess of par value
Revenue reserves
Retained earnings
Net Sales
Cost of Good Sold
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Profit before Taxes
Profit after Taxes

858,342
564,052
294,290
248,117
46,173
(28,280)
17,893
5,499

Per Share Data (Rp)

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

250
13,319
15,000

1,257
4,678
250
57,000

871
5,781
350
12,100

60.01
1.13
-

45.33
12.18
19.88
0.44

1.63
1.75
0.64
0.34
0.05
0.01
1.28
1.06
0.68
1.88

1998

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/Income
Net Provit

508,000

193,000

40,000

175,925

44,800

205,054
48,914
166,129

36,272
130,255

38,965
108,328

32,345
155,980

14,308
19,207

9,355
95,808

31,662
142,246

11,686
176,044

17,920

38,599

16,372

21,643

2,056

2,177

2,924

3,951

32,133
4,881

25,469
5,473

22,837
5,358

26,058
5,674

293,028
22,000

102,926
22,000

381,519
66,000

403,211
66,000

404,535
66,000

418,220
66,000

400,044
66,000

413,094
66,000

9,900
10,082
251,046

9,900
10,082
60,944

208,722
10,082
96,715

208,722
10,082
118,407

208,722
13,200
116,613

208,722
13,200
130,298

208,722
13,200
112,122

208,722
13,200
125,172

874,202
479,702
394,500
268,015
126,485
(50,867)
75,618
57,464

713,986
334,430
379,556
198,114
181,442
(37,648)
143,794
113,420

743,855
338,023
405,832
236,624
169,208
2,917
172,125
118,180

591,188
290,269
300,919
225,517
75,402
(7,321)
68,081
49,347

573,426
313,378
260,048
283,240
(23,192)
100
(23,092)
(17,497)

1,510,386
857,858
652,528
401,272
251,256
(259,448)
(8,192)
19,082

1,718
6,109
800
6,300

1,791
6,129
200
8,950

748
6,337
n.a
8,100

(265)
6,061
n.a
9,000

289
6,259
n.a
7,500

13.90
2.09
40.20
2.89

3.67
1.03
46.55
12.70

5.00
1.46
11.17
2.23

10.83
1.28
n.a
n.a

(33.95)
1.48
n.a
n.a

25.94
1.20
n.a
n.a

1.20
7.50
0.88
0.40
0.13
0.03
1.23
1.16
3.16
26.87

1.97
1.13
0.53
0.45
0.14
0.07
1.02
1.08
7.07
15.06

2.42
0.81
0.45
0.53
0.25
0.16
0.85
0.98
15.52
28.13

2.73
0.71
0.41
0.55
0.23
0.16
0.86
1.07
16.97
29.21

3.26
0.54
0.35
0.51
0.13
0.08
0.79
0.91
7.61
11.80

2.60
0.73
0.42
0.45
n.a
n.a
0.76
0.82
(2.51)
(4.37)

2.88
0.64
0.39
0.43
0.17
0.01
2.72
2.22
2.80
4.62

1999
8.38
(64.88)
18.29
403.02

2000
(7.12)
270.67
(13.90)
107.74

2001
(10.04)
5.69
(18.33)
97.38

2002
(4.71)
0.33
4.18
4.20

2003
(6.91)
3.38
(20.52)
(58.24)

1,015,354
613,446
401,908
270,876
131,032
(71,765)
59,267
27,661

n.a

2004
7.39
(4.35)
(3.00)
(135.46)

3,500

2005
(2.08)
3.26
163.40
(209.06)

SUMMARY OF FINANCIAL STATEMENT

PT. BAT Indonesia (BATI)

2006

(millionrupiah)
2007

2008

TotalAssets
CurrentAssets
ofwhich
Cashandcashequivalents
Tradereceivables
Inventories
NonCurrentAssets
ofwhich
FixedAssetsNet
DefferedTaxesAssets

611,963
425,258

675,726
500,956

527,747
368,721

12,806
39,996
327,344
186,705

102,599
59,594
222,780
174,770

136,743
58,022
117,428
159,026

138,494
n.a

105,979
42,898

106,244
27,247

Liabilities
CurrentLiabilities
ofwhich
Shorttermdebt
Tradepayables
Taxesandexcisepayable
NonCurrentLiabilities
MinorityInterestsinSubsidiaries

260,992
238,492

339,566
319,265

278,208
253,129

19,000
40,718
136,633
22,500
n.a

n.a
37,649
201,845
20,301
n.a

n.a
57,855
138,105
25,079
n.a

Shareholders'Equity
Paidupcapital
Paidupcapital

350,971
66,000

336,160
66,000

249,539
66,000

208,722
13,200
63,049

208,722
13,200
48,238

208,722
13,200
38,383

1,372,102
862,361
509,741
315,586
194,155
(276,557)
(82,402)
(62,123)

1,559,117
886,412
672,705
697,118
(24,413)
(23,740)
(48,153)
(34,218)

1,419,203
912,023
507,180
582,957
(75,777)
5,350
(70,427)
(86,621)

PerShareData(Rp)
EarningsperShare
EquityperShare
DividendperShare
ClosingPrice

(941)
5,318
n.a
4,000

(518)
5,093
n.a
4,600

(1,312)
3,781
n.a
5,000

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

(4.25)
0.75
n.a
n.a

(8.87)
0.90
n.a
n.a

(3.81)
1.32
n.a
n.a

2.57
0.74
0.43
0.37
0.14
n.a
2.63
2.24
(10.15)
(17.70)

2.12
1.01
0.50
0.43
(0.02)
n.a
3.98
2.31
(5.06)
(10.18)

2.08
1.11
0.53
0.36
(0.05)
n.a
7.77
2.69
(16.41)
(34.71)

Revenuereserves
Retainedearnings
NetSales
CostofGoodsSold
GrossProfit
OperatingExpenses
OperatingProfit
OtherIncome(Expenses)
ProfitbeforeTaxes
ProfitafterTaxes

CurrentRatio(x)
DebttoEquity(x)
LeverageRatio(x)
GrossProfitMargin(x)
OperatingProfitMargin(x)
NetProfitMargin(x)
InventoryTurnover(x)
TotalAssetsTurnover(x)
ROI(%)
ROE(%)
PER=4.46x;PBV=0.87x(June2009)
FinancialYear:December31
PublicAccountant:HaryantoSahari&Co.