Summary of Financial Statement

138
Indonesian Capital Market Directory 2010
Food and Beverages
(Million Rupiah)
2007 2008 2009
PT Tiga Pilar Sejahtera Food Tbk.
(Formerly PT Asia Intiselera Tbk)
Head Ofce Alun Graha 1st Floor
Jl. Prof. DR. Supomo No. 233
Jakarta Selatan
Phone (021) 831-8775, 522-7488
Fax (021) 835-1215
Website: www.tigapilar.com
Factory Jl. Raya Solo-Sragen Km 5.5
Jawa Tengah
Business Noodle
Company Status PMDN
Shareholders
PT Permata Hendrawira Sakti 45.52%
PT Tiga Pilar Sekuritas 14.32%
Basinale Investments Ltd. 13.04%
Public 27.12%
Total Assets 792,690 1,016,958 1,347,036
Current Assets 272,205 318,412 434,645
of which
Cash and cash equivalents 15,969 20,279 20,494
Trade receivables 74,073 83,629 142,866
Inventories 154,986 195,362 234,690
Non-Current Assets 520,485 698,546 912,391
of which
Fixed Assets-Net 406,594 559,524 543,788
Investments 22 26 28
Deffered Tax Assets 1,468 522 268
Liabilities 442,098 625,913 918,170
Current Liabilities 300,263 364,579 370,659
of which
Bank loans 209,309 280,322 218,832
Trade payables 61,996 18,233 23,064
Current maturities of
long-term debt 12,641 26,739 62,436
Non-Current Liabilities 141,835 261,335 547,511
Minority Interests in Subsidiaries 377 389 424
Shareholders' Equity 350,215 390,656 428,442
Paid-up capital 249,500 374,900 374,900
Paid-up capital
in excess of par value 20,250 217,816 217,816
Retained earnings (accumulated loss) 80,465 (202,061) (164,274)
Net Sales 483,734 489,172 533,194
Cost of Goods Sold 368,446 336,280 380,217
Gross Profit (Loss) 115,289 152,892 152,978
Operating Expenses 34,235 39,916 47,509
Operating Profit (Loss) 81,054 112,976 105,469
Other Income (Expenses) (43,032) (60,001) (53,025)
Profit (Loss) before Taxes 38,022 52,975 52,443
Profit (Loss) after Taxes 15,760 28,686 37,787
Per Share Data (Rp)
Earnings (Loss) per Share 15.10 17.22 22.68
Equity per Share 335.48 234.46 257.13
Dividend per Share n.a n.a n.a
Closing Price 750 425 360
Financial Ratios
PER (x) 49.68 24.69 15.87
PBV (x) 2.24 1.81 1.40
Dividend Payout (%) n.a n.a n.a
Dividend Yield (%) n.a n.a n.a
Current Ratio (x) 0.91 0.87 1.17
Debt to Equity (x) 1.26 1.60 2.14
Leverage Ratio (x) 0.56 0.62 0.68
Gross Profit Margin (x) 0.24 0.31 0.29
Operating Profit Margin (x) 16.76 23.10 19.78
Net Profit Margin (x) 0.03 0.06 0.07
Inventory Turnover (x) 2.38 1.72 1.62
Total Assets Turnover (x) 0.61 0.48 0.40
ROI (%) 1.99 2.82 2.81
ROE (%) 4.50 7.34 8.82
PER = 19.92x ; PBV = 1.92x (June 2010)
Financial Year: December 31
Public Accountant: Aryanto Amir Jusuf & Mawar
2010 2009
June June
Total Assets 1,465,023 1,080,049
Current Assets 520,340 385,545
Non-Current Assets 944,683 694,504
Liabilities 1,011,375 669,229
Shareholders' Equity 453,194 410,413
Net Sales 302,745 286,039
Profit after Taxes 24,752 19,758
ROI (%) 1.69 1.83
ROE (%) 5.46 4.81
(million rupiah)
Financial Performance: The Company recorded net in-
come amounted IDR37.8 billion in 2009, increasing from
IDR28.686 billion booked in 2008.
Brief History: The company produces three kinds of noo-
dle, namely: instant noodle of Mikita, Ha Ha and Bossmie brand,
dry noodle of Ayam 2 Telor, Tanah Air, Manggis and Hula Hula
marks, and snack noodle of Anak Kita Brand. The company was
established by Kang family in 1953. The Company changed its
name to PT Tiga Pilar Sejahtera Food Tbk.
139
Institute for Economic and Financial Research
Stock Price, Frequency, Trading Days, Number and Value of Shares Traded and Market Capitalization
Stock Price and Traded Chart
Food and Beverages
PT Tiga Pilar Sejahtera Food Tbk.
(Formerly PT Asia Intiselera Tbk)
Underwriter
PT Trimegah Sekuritas Tbk
No Type of Listing Listing Date Trading Date Number of Shares Total Listed
per Listing Shares
1 First Issue 11-Jun-97 11-Jun-97 45,000,000 45,000,000
2 Company Listing 11-Jun-97 14-Jan-98 90,000,000 135,000,000
3 Additional Listing 11-Nov-02 11-Nov-02 230,000,000 365,000,000
4 Right Issue 20-Nov-03 20-Nov-03 547,500,000 912,500,000
5 CB Conversion 01-Dec-03 01-Dec-03 132,500,000 1,045,000,000
Board of Commissioners
President Commissioner Priyo Hadi Susanto
Vice President Commissioner Kang Hongkie Widjaja
Commissioners Herry Beng Koestanto, Budhi Istanto Suwito,
Prof. DR. Ir. Haryadi, MApp. Sc,
Bondan Haryo Winarno
Board of Directors
President Director Stefanus Joko Mogoginta
Directors Hengky Koestanto, Edi Susanto

Number of Employees 1,925
-
5,000
10,000
15,000
20,000
25,000
30,000
-
100
200
300
400
500
600
Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10
Thousand Shares
Stock Price (Rp)