How to Use this Directory
IDX at Glance
The merger of Surabaya Stock Exchange (SSX)
into Jakarta Stock Exchange (JSX) to become Indo-
nesia Stock Exchange (IDX) has been effective since
November 30, 2007, and started to operate for the
first time on December 3, 2007. Now, the Exchange
facilitates the trading of equities, bonds, and deriva-
tives. The presence of this single Bourse will hopefully
improve the capital market efficiency, and increase the
capital market growth in our country, either in the
number of issuers or the number of local and foreign
investors. In the future, IDX expects that capital mar-
ket will become one of the main pillars of the Indone-
sia’s national economic development.
Use this Directory
The first section of this directory provides the lat-
est financial information on all companies listed on
the Indonesia Stock Exchange (IDX). The companies
are arranged by industries following by line of busi-
ness. Within the same line of business the companies
are placed in alphabetical order. Information on each
company is provided in two pages. There are a total
of 402 listed companies including 15 new companies
as of the end of June 2010. This list of companies was
also added though 10 companies were delisted by IDX,
from July 2009 to the end of June 2010.
The second section provides a list of outstand-
ing bonds and mutual funds on the Indonesia Stock
Exchange.
The third section lists securities houses and bro-
kers, underwriters, custodians, securities administra-
tions bureau, trustees, guarantors, public accountants,
appraisal company, and legal advisors.
To facilitate the easy use of this directory, the
content of information provided for each company is
described in the following order.
Institute for Economic and Financial Research
Company Names, Business and Address
The company name is preceded by PT, which is
Indonesian abbreviation for a limited liability com-
pany. In addition to the address of company’s head
office, location of factory is also provided whenever
applicable. The company status refers to the Indone-
sian law which classifies companies into foreign joint
venture (PMA) and wholly national owned (PMDN).
Company Activities and Financial Highlights
Financial Performance
The financial performance describes the most im-
portant financial highlights.
Brief History
For each company a paragraph describes the
company’s development and its main activities and
products, among others its establishment, start-up of
commercial operation, capacity of production, merg-
ers, take-over, expansions, subsidiaries, branches, as-
sociations and agreements with other companies. In
case of banks, foreign exchange status is mentioned,
which refers to license to operate in foreign exchange
transactions.
Shareholders after Listing
The present majority shareholders are listed to-
gether with the percentage of shares owned.
Summary of Financial Statements
The data provided in this section are derived
from the respective company’s financial statements.
As required by the Bapepam (Securities Supervisory
Agency), the balance sheets and income statements of
xxiii
a company and its subsidiaries are consolidated if that Investment) profit after tax divided by total as-
company owns more than 50% shares of a subsidiary. sets.
The definition of the items under balance sheet ROE (Return on
and income statement generally conforms to common Equity) profit after tax divided by equity
accounting principles and practices, therefore it does current ratio current assets divided by current
not need further explanation. Due to the nature of liabilities.
their activities, there is a variation of items and its clas- Leverage ratio total debt divided by total assets.
sification in balance sheets and income statements. gross profit margin gross profit divided by net sales
Components of equity are mentioned in balance operating profit
sheets of all companies. In balance sheets of compa- margin operating profit divided by net
nies other than banks and other credit institutions, sales
current assets and current liabilities are specified and net profit margin profit after tax divided by net
its components with relatively large figures are men- sales
tioned, and depending on the availability of data the total asset turnover net sales divided by end of period
same treatment is applied to long-term liabilities. In total assets
balance sheets of banks, cash in hand and on banks inventory turnover cost of goods sold divided by end
and total deposits are divided into its components, and of period inventory
breakdown of borrowings is provided as far as data are expense ratio operating expense divided by pre-
available. In addition, for banks, other credit institu- miums received
tions and insurance companies breakdown of revenue loss ratio claim paid divided by premium
and expense is provided. received
Financial data for each company are provided for solvency ratio equity divided by net premiums
the past three years. (premiums after deduction of
premiums for reinsurance)
Financial Ratios cash and banks to
There is also variation in the financial ratios pro- demand deposits cash, Bank Indonesia and other
vided for banks, insurance companies and other com- banks divided by demand depos-
panies. All ratios are computed in line with definitions its
commonly used for respective industry, some of which
are self-explanatory such as debt to equity to total as- PER and PBV below the financial ratios are price
sets. Others are also in conformity with commonly earnings ratio and price book value ratio calculated by
used ratios which for clarity are defined below. using the closing price at the end of June 2010.
The names of company’s public accountants are
PER price earnings ratio or closing provided.
share price at the end of respec-
tive financial statement period Board of Commissioners and Board of Direc-
divided by earning per share. tors
PBV price book value or closing share This section lists the names of President and
price at the end of respective pe- Member of Board of Commissioners, and the names
riod divided by equity per share. of President and Member of Board of Directors. Presi-
dividend pay out dividend per share divided by dent Commissioner has supervisory role, and therefore
earnings per share. has less power than the American type Chairman. But,
dividend yield dividend per share divided by President Director has more power than the President
closing share price at the end of in an American type system. Number of company’s
respective period. employees is also given in this sub-section.
ROI (Return on

xxiv Indonesian Capital Market Directory 2010

Listing History Symbols
Listing of shares are sequenced chronologically
together with listing date, offering price and number _ zero or less than the last digit or
of shares of the respective listing. First, second, and decimal
third issues means listing of shares originated from n.a. not available
public offerings. Total shares listed refers to total listed ) includes in total or item above
shares multiplied by par value and is frequently less
than or at most equal to the total issued and paid-up Abbreviations
capital. The difference is the value of unlisted shares.
In case one type of listing was undertaken on many CS Common Shares
dates within a month or year, only total listing of that Drs, Ir, SE, SH Academic degress in Indonesia
type for the respective month or year is provided. The ha 10,000 square meters
underwriters for company issue are also listed. NV a Dutch abbreviation for Naam
looze Vennootschap which is
Stock Price, Frequency, Trading Days, Num- similar to PT
ber and Value of Shares Traded Market Capi- PMA (Penanaman Modal Asing) A
talization company established under the
Eighteen monthly data of stock price, number foreign investment law.
and value of shares traded, and market capitalization PMDN (Penanaman Modal Dalam
are provided for companies that listed their shares be- Negeri) A company established
fore the end of June 2010, except for 15 new listed under the domestic investment
companies. law.
PS Preferred Shares
Stock Price and Traded Chart PT (Perseroan Terbatas) A limited
The chart of stock price and number of shares liability company
traded covers the period from January 2009 to the end
of June 2010.
The following symbols and abbreviations are also
used in this directory.

Institute for Economic and Financial Research xxv