Holcim AR 06_FINAL Safety

119 Pages·2007·3.88 MB·English

PT Holcim Indonesia Tbk
Annual Report 2006
Safety First
LLaappoorraann TTaahhuunnaann 22000056
PT Holcim Indonesia Tbk 
 PT Holcim Indonesia Tbk
Safety first ... no compromise.
Utamakan keselamatan...
tidak ada kompromi.
BBee sSeeeenn BBee sSaaffee BBee sSuurree
TJeelralishat AAmmaann PHaasntdial
Contents Daftar Isi
Company Profile 2 Financial Review 32
Profil Perusahaan Tinjauan Keuangan
2006 Achievements 4 Occupational Health & Safety 36
Prestasi Tahun 2006 Kesehatan dan Keselamatan Kerja
Financial Highlights 6 Community Relations 38
Ikhtisar Keuangan Hubungan dengan Masyarakat
Message from the President Commissioner 8 Corporate Governance 42
Sambutan Presiden Komisaris Tata Kelola Perusahaan
Safety - The 2006 Report Theme 12 Report of the Audit Committee 49
Keselamatan Kerja - Tema Laporan 2006 Laporan Komite Audit

Report of the President Director 20 Financial Statements i
Laporan Presiden Direktur Laporan Keuangan
PT Holcim Indonesia Tbk 
Company Profile
Mission Misi
PT Holcim Indonesia Tbk (Holcim Indonesia or the PT Holcim Indonesia Tbk (Holcim Indonesia atau
Company), through the manufacture and sale of Perusahaan), melalui produksi dan penjualan
cement, concrete, aggregates and the development semen, beton jadi dan agregat serta pengembangan
of people, will deliver the maximum sustainably sumber daya manusia, akan menghasilkan
profitable return to shareholders while maintaining keuntungan maksimum yang berkelanjutan kepada
a responsible duty of care to all stakeholders. para pemegang saham dengan tetap memberikan
perhatian penuh kepada semua pihak yang
berkepentingan.
Vision Visi
To be the best performing and most respected Menjadi perusahaan Indonesia yang memiliki kinerja
Indonesian company in our industry, ranked amongst terbaik dan terpandang di industri semen serta
the best in the Holcim Group. menjadi salah satu perusahaan terbaik di dalam
Grup Holcim.
Production Sites Fasilitas Produksi
Operating two cement plants at Narogong and Memiliki dua pabrik semen yang beroperasi di
Cilacap and the single largest stone quarry in Java, Narogong dan Cilacap serta tambang agregat
Holcim Indonesia has a finished-cement capacity of terbesar di pulau Jawa dengan kapasitas terpasang
7.9 million tonnes. Holcim Indonesia is the leading produksi semen sebesar 7,9 juta ton. Holcim
integrated producer of cement, concrete and Indonesia adalah produsen terkemuka yang
aggregates (crushed stone and sand) in its market. menghasilkan semen, beton jadi dan agregat (kerikil
dan pasir), secara terintegrasi di pasar.
The Company has two subsidiaries, PT Holcim Beton Perusahaan memiliki dua anak perusahaaan, PT
(ready-mixed concrete and aggregates operator) and Holcim Beton (operator beton jadi dan agregat) dan
PT Wahana Transtama (transportation company). PT Wahana Transtama (operator transportasi).
2 PT Holcim Indonesia Tbk
Profil Perseroan
Milestones Peristiwa Penting
97 97
Founded as the first privately owned cement Berdiri sebagai produsen semen swasta pertama di
producer in Indonesia. Indonesia.
977 977
The first company in Indonesia to be listed on the Merupakan perusahaan pertama di Indonesia yang
newly established Jakarta Stock Exchange. mencatatkan sahamnya di Bursa Efek Jakarta yang
baru dibentuk.
200 200
Holcim Group acquires majority shareholding Grup Holcim menjadi pemegang saham mayoritas
controlling 77.33 per cent of the paid up capital. dan pengendali dengan memiliki jumlah saham
77,33 persen dari modal disetor.
2005 2005
New product Serba Guna cement launched. Produk baru semen Serba Guna secara resmi
diluncurkan.
2006 2006
PT Semen Cibinong Tbk renamed PT Holcim PT Semen Cibinong Tbk berganti nama menjadi
Indonesia Tbk. PT Holcim Indonesia Tbk.
PT Holcim Indonesia Tbk 
2006 Achievements
Managing the Brand - for Reputation and Recognition
■ Launched the Holcim brand in Indonesia via marketing and publicity campaign.
■ Increased Holcim Indonesia visibility through retail branding, a strengthened
supply chain and a trade programme.
■ Launched Solusi Rumah - affordable housing and a dynamic new business model.
Managing Costs and Working Capital
■ Increased cash generation by reducing net working capital by Rp 250 billion.
■ Disposed of several redundant or obsolete assets within our asset reduction
programme.
■ Expanded the AFR (Alternative Fuel and Raw Materials) programme –
contributing to the environment and reducing fuel costs.
■ Rationalised product distribution – immediate cost savings.
Managing for People
■ Achieved zero lost time injuries among all Cilacap employees throughout 2006.
■ Awarded “The Most Caring Company for Safety in Indonesia” - presented by
DuPont & Warta Ekonomi.
■ Attained SMK3 Gold Flag and OHSAS 18001 Certification.
■ Holcim Mason Academy and ‘Ecosim’ business programmes: provided masons
with building skills, and trade partners with the tools to enhance their business.
■ Leadership and knowledge: invested US$ 2 million on developing our employees
through courses held in Indonesia, SE Asia and Europe.
■ Ran a companywide organisational climate survey and established a Managers’
Forum in the interests of encouraging dialogue.
■ Continued self help initiatives for local communities through our Community
Advisory Panels - arranging micro credit and employment.
 PPTT HHoollcciimm IInnddoonneessiiaa TTbbkk
Prestasi Tahun 2006
Mengelola Merek - Menjaga Nama Baik dan Memperoleh Pengakuan
■ Meluncurkan merek Holcim di Indonesia lewat pemasaran dan kampanye publik.
■ Mengupayakan agar Holcim Indonesia lebih dikenal masyarakat melalui toko
pengecer, membangun jaringan pasokan yang lebih kuat dan memperkuat program
niaga.
■ Meluncurkan program Solusi Rumah – pembangunan rumah dengan biaya
terjangkau, dan menciptakan model bisnis baru yang dinamis.
Mengelola Biaya dan Modal Kerja
■ Meningkatkan jumlah kas dengan mengurangi modal kerja bersih sebesar Rp 250
miliar.
■ Mengurangi beberapa aset yang sudah tidak terpakai melalui program
pengurangan aset.
■ Mengembangkan program AFR (bahan bakar dan baku alternatif) – sebuah
kontribusi bagi lingkungan dan juga menekan ongkos bahan bakar.
■ Merasionalisasi kegiatan distribusi produk kepada pihak lain – untuk menghemat
biaya.
Mengelola Sumber Daya Manusia
■ Mencapai “nil“ jam kerja tanpa cedera untuk karyawan Cilacap selama tahun 2006.
■ Memperoleh penghargaan “The Most Caring Company for Safety in Indonesia” – dari
DuPont & majalah Warta Ekonomi.
■ Memperoleh Sertifikat Bendera Emas SMK3 dan OHSAS 18001.
■ Program Akademi Ahli Bangunan dan ‘Ecosim’: memberikan pelatihan bagi ahli
bangunan dalam ketrampilan teknik konstruksi, dan menyediakan sarana bagi mitra
usaha untuk pengembangan bisnis mereka.
■ Kepemimpinan dan menambah wawasan pengetahuan – menginvestasikan dana
sebesar US$ 2 juta untuk membina karyawan kami melalui pelatihan di Indonesia,
Asia Tenggara dan Eropa.
■ Merampungkan survei iklim kerja karyawan dan membentuk Forum Manajer guna
mendorong terjalinnya dialog.
■ Melanjutkan program usaha mandiri bagi masyarakat sekitar pabrik melalui Forum
Konsultasi Masyarakat – membantu mengatur kredit usaha kecil dan penciptaan
lapangan kerja.
PPTT HHoollcciimm IInnddoonneessiiaa TTbbkk 55
Financial Highlights
( in million Rupiah, except Earnings /
(Loss) per Share and Financial Ratios) 2006 2005 2004 2003 2002
Sales Volume Data
Cement & Clinker Sales including Exports 6,077 6,593 6,220 6,045 6,070
(in thousand tonnes)
Cement & Clinker Exports (in thousand tonnes) ,999 1,736 1,659 1,688 2,380
Ready Mixed Concrete Shipments (in thousand m3) 82 883 654 462 375
Aggregates Sales (in thousand tonnes) 2,02 1,824 1,740 1,465 1,152
Sales and Earnings
Net Sales 2,99,97 3,017,599 2,368,488 2,240,296 1,978,932
Gross Profit 67,59 719,587 171,588 224,567 1,832

Income (Loss) from Operation 6,78 143,095 (69,983) (13,795) (210,728)
Earnings Before Interest, Tax, Depreciation & 9,57 568,899 345,648 393,087 247,706
Amortisation (EBITDA)
Net Income (Loss) 75,95 (334,081) (533,130) 174,117 502,455
Earnings / (Loss) per Share 2 (44) (70) 23 66
Number of Shares (in thousands) 7,662,900 7,662,900 7,662,900 7,662,900 7,662,900
Financial Position
Net Working Capital 9,75 446,598 623,587 515,581 332,174
Total Assets 7,065,86 7,324,210 7,520,403 7,647,642 7,713,791
Total Investments 1 5,69 89,276 143,727 113,271 88,259
Total Liabilities ,967,78 5,481,781 5,366,846 4,990,592 5,205,296

Total Equity 2,098,668 1,842,429 2,153,557 2,657,050 2,508,495
Financial Ratios
Current Ratio .2 1.67 2.76 2.52 2.14
Debt to Total Assets 2 0.57 0.65 0.62 0.56 0.58
Debt to Total Equity .9 2.6 2.2 1.6 1.8
Net Income (Loss) to Total Equity 0.08 (0.18) (0.25) 0.07 0.20
Net Income (Loss) to Total Assets 0.02 (0.05) (0.07) 0.02 0.07
EBITDA Margin (EBITDA / Sales) 5.0% 18.9% 14.6% 17.5% 12.5%
1 not including increment from revaluation of fixed assets
2 2002 to 2004 is recomputed for comparative purposes
6 PT Holcim Indonesia Tbk
Ikhtisar Keuangan
(dalam jutaan Rupiah, kecuali Laba/(Rugi) Bersih
2006 2005 2004 2003 2002 per Saham dan Rasio Keuangan)
Data Volume Penjualan
6,077 6,593 6,220 6,045 6,070 Penjualan Semen & Klinker termasuk Ekspor
(dalam ribuan ton)
,999 1,736 1,659 1,688 2,380 Ekspor Semen & Klinker (dalam ribuan ton)
82 883 654 462 375 Penjualan Beton Jadi (dalam ribuan m3)
2,02 1,824 1,740 1,465 1,152 Penjualan Agregat (dalam ribuan ton)
Penjualan dan Pendapatan
2,99,97 3,017,599 2,368,488 2,240,296 1,978,932 Penjualan Barang dan Jasa bersih
67,59 719,587 171,588 224,567 1,832 Laba Kotor

6,78 143,095 (69,983) (13,795) (210,728) Laba/(Rugi) Usaha
9,57 568,899 345,648 393,087 247,706 Laba Usaha sebelum Bunga, Pajak, Penyusutan &
Amortisasi (EBITDA)
75,95 (334,081) (533,130) 174,117 502,455 Laba/(Rugi) bersih
2 (44) (70) 23 66 Laba /(Rugi) bersih per Saham
7,662,900 7,662,900 7,662,900 7,662,900 7,662,900 Jumlah Saham (dalam ribuan)
Posisi Finansial
9,75 446,598 623,587 515,581 332,174 Modal Kerja Bersih
7,065,86 7,324,210 7,520,403 7,647,642 7,713,791 Jumlah Aktiva
5,69 89,276 143,727 113,271 88,259 1Jumlah Investasi
,967,78 5,481,781 5,366,846 4,990,592 5,205,296 Jumlah Kewajiban

2,098,668 1,842,429 2,153,557 2,657,050 2,508,495 Jumlah Ekuitas
Rasio Keuangan
.2 1.67 2.76 2.52 2.14 Rasio Lancar

0.57 0.65 0.62 0.56 0.58 2Rasio Kewajiban terhadap jumlah Aktiva
.9 2.6 2.2 1.6 1.8 Rasio Kewajiban terhadap jumlah Ekuitas
0.08 (0.18) (0.25) 0.07 0.20 Rasio Laba/(Rugi) bersih terhadap jumlah Ekuitas
0.02 (0.05) (0.07) 0.02 0.07 Rasio Laba/(Rugi) bersih terhadap jumlah Aktiva
5.0% 18.9% 14.6% 17.5% 12.5% Marjin EBITDA (EBITDA/Penjualan)
1 tidak termasuk selisih nilai penilaian kembali aktiva tetap
2 untuk tujuan perbandingan, tahun 2002 sampai dengan 2004 dikalkulasi kembali
PT Holcim Indonesia Tbk 7
Message from the President Commissioner
Dear Shareholder,
In my message a year ago I cautioned that global
energy prices and higher inflation would herald a
slower growth phase for the cement and building
materials industry in 2006. In reality, the extent and
duration of the slowdown has been protracted, in
the wake of Government fuel subsidy adjustments
in late 2005.
A structural shift in the economy is now evident,
with commodity exports surpassing private
consumption in driving GDP growth of 5.5 per cent
> in 2006. Depressed automotive sales, down 40 per
Paul cent and the weak housing market in 2006 were a
Hugentobler, direct response to the rapid rise in inflation and a
President
sharp increase in interest rates.
Commissioner
The Results for 2006
Presiden
Komisaris The Company’s performance during 2006 was
directly affected by the state of the economy with
sales virtually unchanged at Rp 2,993 billion, however,
the net profit of Rp 176 billion was an improvement.
A stronger Rupiah over the course of the year had a
beneficial impact on US Dollar denominated debt,
and US$ 35 million in debt repayment has been
made.
Market Conditions are Improving
The negative growth experienced in Java, the
largest of Indonesia’s cement markets, was all the
more marked, considering national average growth
of 8 per cent per year for the last 30 years and
over 13 per cent as recently as the early 1990s. We
are seeing some improvement in our cement sales
from November and December beginning to carry
into 2007, even in the midst of the rainy season,
traditionally a slow time for the construction sector.
A significant reduction in the level of inflation and
lower interest rates support a cautious return to
growth.
8 PT Holcim Indonesia Tbk