Milestones in 2001

190 Pages·2002·3.14 MB·English

Contents
Corporate Profile 2
Stock Highlights 3
Financial Highlights 4
Message from the
President Commissioner 6
Letter from the President Director
to Shareholders 8
Management Report 11
Milestones in 2001 13
Corporate Governance 16
Business Segmental Information
• AUTOMOTIVE DIVISION 19
– Automobile Group
– Motorcycle Group
– Component Group
• HEAVY EQUIPMENT DIVISION 27
• FINANCIAL SERVICES DIVISION 31
• AGRIBUSINESS DIVISION 35
• WOODBASED DIVISION 37
• INFORMATION-TECHNOLOGY DIVISION 39
• INFRASTRUCTURE DIVISION 41
Human Resources Development 43
Environmental Management 47
Social Responsibility 49
Corporate Plan in 2002 53
Financial Report 56
Corporate Data
Board of Commissioners i
Board of Directors iii
Corporate Information vii
ASTRA international
2
Corporate Profile
Bermula dari sebuah perusahaan dagang pada tahun 1957, Astra Started as a trading company in 1957, Astra has since expanded
telah meluaskan jangkauan usaha dan investasinya. Kini PT Astra its business and investment reach. Today, PT Astra International
International Tbk (“Perseroan”) adalah sebuah perusahaan publik Tbk (the “Company”) is a public Vompany with seven business
yang memiliki tujuh bidang usaha, yaitu Divisi Otomotif, Divisi divisions: Automotive, Heavy Equipment, Financial Services,
Alat Berat, Divisi Jasa Keuangan, Divisi Agribisnis, Divisi Agribusiness, Wood-Based, Information Technology, and
Perkayuan, Divisi Teknologi Informasi dan Divisi Infrastruktur. Infrastructure.
Dalam pengembangan usahanya selama ini, Perseroan banyak Over the course of its development, the Company has formed
bermitra usaha dengan perusahaan-perusahaan bereputasi partnerships with numerous internationally reputable companies.
internasional. Terdaftar di Bursa Efek Jakarta dan Bursa Efek Listed on the Jakarta Stock Exchange and Surabaya Stock
Surabaya sejak tahun 1990, dengan nilai kapitalisasi pasar saham Exchange since 1990, the Company’s market capitalization as of
Perseroan per 31 Desember 2001 sekitar Rp 5 triliun dengan 31 December, 2001 stood at approximately Rp 5 trillion, with
4.637 pemegang saham. 4,637 shareholders.
Karyawan Grup Astra di seluruh Indonesia per 31 Desember 2001 The Astra Group employed approximately 95,000 people
berjumlah sekitar 95.000 orang. throughout Indonesia as of 31 December 2001.
KANTOR PUSAT ASTRA
ASTRA HEAD OFFICE
ASTRA international
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Stock Highlights
JARINGAN DISTRIBUSI ASTRA MODAL DAN SAHAM (31 Desember 2001)
ASTRA DISTRIBUTION NETWORK EQUITY AND STOCKS (as of 31 December 2001)
Toyota 104 Modal Dasar /
Authorized Capital 6,000,000,000 saham / shares
Daihatsu 98
Isuzu 98
Modal Ditempatkan dan Disetor /
BMW 6 Issued and Paid-up Capital 2,538,179,783 saham / shares
Peugeot 20
Nissan Diesel 13
Honda (motorcycle) 741
Heavy Equipment 36
Astra Credit Company - ACC 27
Federal International Finance - FIF 154
Asuransi Astra Buana - AAB 21
Astra CMG Life 36
Astra Otoparts - AOP 10
Harga Saham Astra di Bursa Efek Jakarta tahun 2001 dan 2002
Astra Stock Price at the Jakarta Stock Exchange in 2001 and 2002
Rp/Share
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
2001 2002
KOMPOSISI KEPEMILIKAN SAHAM ASTRA
SHAREHOLDING COMPOSITION OF ASTRA
31 December 2001
30.69 Cycle & Carriage (Mauritius) Limited
7.56 Toyota Motor Corporation
5.74 Chase MB-US Resident (Norbax Inc)
5.44 Government of Singapore Investment
Corporation Pte Ltd A/c “C”
3.30 PT Mitra Invesdana Sekurindo
3.28 Endang Lestari Pujiastuti
2.36 International Finance Corporation
1.96 HSBC Bank PLC
1.63 China Development Industrial Bank
38.04 Others
ASTRA international
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Financial Highlights
ASTRA FINANCIAL HIGHLIGHTS (in billion Rp, unless stated otherwise)
DESCRIPTION 2001 2000 1999
Net Revenues
TOTAL ASTRA (Consolidated) Rp trillion
Net Revenues 30,123 28,404 14,853 40
Gross Profit 5,657 5,119 3,298 30
Operating Profit 2,677 2,577 1,759 20
EBITDA 3,493 3,340 2,468 10
Net Income / (Loss) 845 (239) 1,487 0
1997 1998 1999 2000 2001
Total Assets 26,574 26,863 22,204
Current Assets 10,173 8,930 7,577
Fixed Assets 7,816 7,664 7,431
Net Income (Loss)
Current Liabilities 10,355 10,100 7,396 Rp billion
Total Borrowings 16,506 17,774 15,486 2,000
Total Equity 2,567 1,705 2,012 1,000
Total Equity + Minority Interest 4,550 3,455 3,634 0
1997 1998 1999 2000 2001
-1,000
-2,000
RATIO ANALYSIS & OTHERS
-3,000
Return on Assets 3% -1% 6%
-4,000
Return on Equity 46% -18% 147%
Gross Profit Margin 19% 18% 22%
Operating Profit Margin 9% 9% 12%
Current Ratio 1.0 1.0 1.1
Net Income (Loss) per share
Rp
1,000
Issued Shares (in million) 2,538 2,507 2,472
500
Net Income (Loss) per share (Rupiah) 335 (96) 624
0
Cash Dividend per share 0 0 0
1997 1998 1999 2000 2001
-500
-1,000
-1,500
-2,000
* The consolidated financial statements for the year ended 31 December 1999 has
been restated to reflect the application of the Decision Letter No. Kep-06/PM/2000
dated 13 March, 2000 on the Amendment of Rule No. VIII. G.7 of the Capital Market
Supervisory Agency concerning the Guide of Financial Statement Presentation.
ASTRA international
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Financial Highlights
DESCRIPTION 1998 1997
Divisional Net Revenues
Rp trillion
35 TOTAL ASTRA (Consolidated)
30 Net Revenues 11,292 15,873
Net Income / (Loss) (3,689) (279)
25
Total Equity 18 3,256
20
Total Equity & Minority Interest 1,477 4,532
15 Total Assets 24,026 29,168
10
5
AUTOMOTIVE & NON FINANCIAL SERVICES
0
1 2 3 4 5 Net Revenues 10,208 14,046
Others Agribusiness Gross Profits 2,967 3,129
Finser IT Operating Profit (excl. Equity Income) 1,701 1,577
Heavy Equipment Automotive
EBITDA 2,313 2,153
Woodbased
Net Income / (Loss) (3,620) (438)
Total Assets 19,886 18,161
Current Assets 8,009 6,911
Total Assets Fixed Assets 7,743 6,617
Rp trillion Current Liabilities 7,438 7,393
40 Total Borrowings 17,075 13,185
30
20
FINANCIAL SERVICES
10
Net Revenues 1,084 1,826
0
Net Income / (Loss) (69) 159
1997 1998 1999 2000 2001
Total Assets 4,140 11,007
Fixed Assets RATIO ANALYSIS
Rp trillion
8.0 TOTAL ASTRA (Consolidated)
- Return on Assets -14% -1%
7.5
- Return on Equity -225% -9%
7.0
AUTOMOTIVE & NON FINANCIAL SERVICES
6.5
- Gross Profit Margin 29% 22%
6.0 - Operating Profit Margin 13% 11%
1997 1998 1999 2000 2001
- Current Ratio 1.1 0.9
OTHERS
Issued Shares (In Million) 2,326 2,326
Net Income / (Loss)
per share (Rupiah) (1,586) (120)
Cash Dividend per share (Rupiah) 0 60
ASTRA international
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Message from the President Commissioner
Puji dan syukur marilah kita panjatkan ke hadirat Allah Swt, yang
telah memberikan tuntunan dan perlindungan-Nya kepada kita
dalam melewati tahun 2001, sehingga Astra beserta grup usahanya
mampu melampaui masa tersebut dengan kinerja yang baik.
Perkembangan perekonomian Indonesia di sepanjang tahun 2001
memang belum menggembirakan. Dari sisi makro, defisit APBN
serta menurunnya investasi asing telah menekan laju pemulihan
ekonomi. Sementara meningkatnya inflasi dan gejolak nilai tukar
USD yang berkelanjutan mengakibatkan sektor usaha mengalami
kesulitan dalam menyesuaikan dan menetapkan harga jual yang
optimal. Lebih lanjut, faktor sosial dan keamanan yang belum
sepenuhnya kondusif terus menambah beban bagi masyarakat
secara keseluruhan. Walaupun ada juga beberapa sektor usaha
tertentu yang relatif tidak terpengaruh atau bahkan menikmati Let us give praise and thanks to Almighty God, who provided us
melemahnya Rupiah. with His guidance and protection in 2001, allowing Astra and its
group of businesses to post a positive performance for the year.
Sebagaimana telah diperkirakan di awal tahun 2001, bidang
usaha utama Perseroan yakni di sektor penjualan kendaraan roda Indonesia’s economic development in 2001 was not encouraging.
empat akan mengalami kontraksi di tahun 2001 karena faktor- On the macro level, the state budget deficit and decreasing foreign
faktor tersebut di atas. Walaupun demikian, beberapa bidang investment slowed economic recovery. Rising inflation and the
usaha lain terutama kendaraan roda dua terus menunjukkan continuing volatility of the rupiah against the US dollar made it
pertumbuhan yang sangat menggembirakan, sebagaimana difficult for businesses to adjust and set optimum sales prices. In
perkiraan. addition, social and security factors continued to burden society
in general. Despite all of this, a number of business sectors were
Dengan kesungguhan Manajemen dalam melakukan efisiensi relatively unaffected by and even enjoyed the benefits of a
serta mengantisipasi setiap perubahan, secara keseluruhan, weakening rupiah.
kinerja Perseroan dapat dikatakan telah mencapai hasil yang
optimal sebagaimana tercermin antara lain pada peningkatan As predicted in early 2001, the Company’s main business,
penjualan bersih dan laba bersih. Sehingga di tahun 2001, automobile sales, experienced a contraction in 2001 as a result
Perseroan dapat memenuhi kewajiban hutang lebih baik dengan of the above factors. Nevertheless, other businesses, particularly
pelaksanaan pembayaran sebagian hutang lebih awal dari yang the motorcycle business, continued to show a very heartening
dijadwalkan. growth, as expected.
Dari sisi operasional, di tengah persaingan pasar yang semakin With the seriousness of the Management in pursuing efficiency
kompetitif, yang disebabkan oleh masuknya para pesaing baru and anticipating every possible change, the Company in general
di bisnis kendaraan roda empat dan roda dua, serta terobosan- achieved the optimum results, as seen by the increase in inter alia
terobosan baru yang dilakukan oleh para kompetitor lama, net sales and net profit. Therefore in 2001, the Company was
ternyata keunggulan kompetitif Grup Astra relatif tidak able to repay part of its debts ahead of their maturity dates.
tergoyahkan. Pangsa pasar produk-produk Astra relatif tidak
terganggu, bahkan beberapa menunjukkan peningkatan From the operational side, amid the tightening of the market as
dibanding sebelumnya. Kondisi tersebut disebabkan terutama a result of the entrance of new competitors in the automotive
oleh komitmen Manajemen dan segenap jajaran karyawan untuk and motorcycle industries and new innovations introduced by
selalu mengedepankan kualitas, profesionalitas, efisiensi dan old competitors, the competitiveness of the Astra Group was
kepuasan pelanggan di semua unit kerja. relatively unchallenged. The market share of Astra products
remained stable, with the market share of a number of products
improving. This was the result of the commitment of the
ASTRA international
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Message from the President Commissioner
Kebijakan Manajemen yang menekankan pentingnya pelaksanaan Management and all employees to prioritize quality,
etika bisnis dan etika kerja di jajaran Astra, serta program professionalism, efficiency and customer satisfaction in every
Community Development dan pelaksanaan Good Corporate business unit.
Governance secara konsisten patut dihargai. Kesemua hal tersebut
di atas, betapa pun telah menunjang bagi terciptanya Good The Management’s policy of emphasizing the importance of
Corporate Image, sesuatu yang melahirkan kepercayaan, empati business and work ethics in Astra, its commitment to Community
dan dukungan sosial yang positif dan bermakna dalam kiprah Development programs and its consistent implementation of the
sebuah entiti bisnis seperti Astra. principles of Good Corporate Governance are all appreciated. All
of these efforts have helped build a Good Corporate Image for
Berkenaan dengan itu, berbagai penghargaan telah dianugrahkan Astra, which is something that will create trust, empathy and
kepada Astra, baik dari institusi di dalam negeri maupun luar social support. These things are positive and meaningful for the
negeri. Hal tersebut, sedikit-banyak merupakan pengakuan continuation of a business entity like Astra.
bahwa Grup Astra masih merupakan yang terbaik di bidangnya.
In recognition of this, Astra has been honored with a number of
Puncak dari prestasi tersebut, terlihat dari peningkatan laba dari awards from both domestic and foreign institutions. These honors
kerugian bersih senilai Rp 238,71 miliar pada tahun 2000 menjadi serve as an acknowledgment that the Astra Group remains the
keuntungan bersih senilai Rp 844,51 miliar pada tahun 2001. best in its field.
Untuk hasil yang menggembirakan tersebut, kami menyampaikan Of all its achievements, the most impressive was the change from
penghargaan yang setinggi-tingginya dan ucapan selamat kepada a net loss of Rp 238.71 billion in 2000 to a net profit of Rp 844.51
seluruh jajaran Manajemen yang dipimpin Bapak Theodore billion in 2001.
Permadi Rachmat selaku Presiden Direktur, serta kepada segenap
karyawan Grup Astra yang telah memberikan dedikasi, integritas In light of these impressive results, let me, in my private capacity
profesional dan integritas moralnya di sepanjang tahun 2001. as well as on behalf of the Board of Commissioners, convey my
greatest appreciation to the Management, led by Mr. Theodore
Pada kesempatan ini, tidak lupa kami juga mengucapkan terima Permadi Rachmat as the President Director, as well as to all Astra
kasih atas dukungan dan kepercayaan para pemegang saham, employees, who worked with such dedication as well as
para mitra usaha, pemasok, pelanggan dan stakeholder lainnya professional and moral integrity in 2001.
kepada Perseroan. Semoga Tuhan Yang Maha Kuasa senantiasa
memberikan ridhonya kepada kita semua. On this occasion, I also would like to express my gratitude to all
shareholders, partners, suppliers, customers and other
stakeholders for their continued support and trust of the Company.
May Almighty God always bless us.
Jakarta, May 2002
Abdul Rachman Ramly
Presiden Komisaris / President Commissioner
ASTRA international
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Letter from the President Director to Shareholders
Yth Bapak dan Ibu Para Pemegang Saham
Marilah kita mengucapkan puji dan syukur kepada Tuhan Yang
Maha Kuasa, karena atas perkenan-Nya kita dapat melewati tahun
2001 dengan baik dan menggembirakan, meski berbagai
tantangan dan kesulitan senantiasa menghadang.
Sukses tersebut dicapai berkat dukungan dan kepercayaan Dewan
Komisaris serta seluruh stakeholder kepada Perseroan. Juga, tentu
saja, merupakan buah dari kerjasama, kerja keras, dan kerja cerdas
segenap karyawan Astra dan Manajemen untuk senantiasa
memberikan yang terbaik. Keinginan untuk menjadi yang terbaik,
saling menghargai dan teamwork, memang telah menjadi bagian
dari kultur Astra dan menjadi “habit” bagi setiap insan Astra -
yang melahirkan semangat dan optimistik. Dear Shareholders,
Sebagai pimpinan Perseroan, saya sangat menghargai dedikasi Let us pray and give thanks to Almighty God. Because of His
dan hasil kerja segenap karyawan dan pimpinan Astra. Saya juga blessings, we were able to pass through 2001 with good and
terkesan dengan komitmen para karyawan dalam menjunjung heartening result, despite the various challenges and difficulties
tinggi integritas profesionalisnya, yang merupakan prasyarat that confronted us.
penting dalam mencapai sukses baik secara institusional maupun
individual. This success was achieved thanks to the support and trust of the
Board of Commissioners and all the stakeholders in the Company.
Terbitnya buku “Etika Bisnis dan Etika Kerja Astra”, “Astra And of course, our success was also the result of the cooperation,
Management System”, “Astra Human Resources Management” dedication, intelligence and hard work of Astra’s employees and
serta “Astra Green Company” yang sosialisasinya dicanangkan management. The desire to give one’s best, respect for one
sejak awal tahun 2001, bagi saya, memiliki makna khusus dalam another, and teamwork have become an ingrained part of Astra’s
menjalankan roda organisasi bisnis sebesar Astra. Kesemuanya culture and the practice of everyone at Astra, boosting morale
merupakan instrumen yang efektif dalam merespons berbagai and optimism.
fenomena yang terjadi dalam dunia bisnis global.
As the Company’s leader, I deeply appreciate the dedication and
Disamping itu, para pimpinan Astra juga memiliki kesadaran akan work of every Astra employee and manager. I am also impressed
pentingnya proses kaderisasi yang sehat dan terarah. Dengan by the commitment of all employees to maintain professional
demikian, kita boleh berharap bahwa kelak akan muncul integrity, which is an important prerequisite for success on both
pemimpin-pemimpin bisnis yang handal, profesional serta the institutional and individual level.
memiliki kecerdasan intelektual, kecerdasan emosional dan
kecerdasan spiritual. Saya terobsesi bahwa leader Astra di masa The publishing of books titled “Astra Business and Work Ethics”,
depan adalah pemimpin yang memiliki 9 kriteria: vision, obsesion, “Astra Management System”, “Astra Human Resources
courage, people skill, integrity, commitment, teamwork, business Management” and “Astra Green Company”, whose socialization
sense dan building image. has been pursued since early 2001, for me has special meaning
in running an organization as big as Astra. These books serve as
Kesemua faktor tersebut di atas, ditambah faktor eksternal yang effective instruments in responding to various phenomena in the
cenderung bersahabat, telah membawa Perseroan kepada kinerja global business world.
yang mengesankan.
In addition, all Astra leaders understand the importance of a
healthy and guided process of renewing the Company’s
leadership. Therefore, we all hope that in the future, reliable and
ASTRA international
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Letter from the President Director to Shareholders
PENINGKATAN KINERJA professional business leaders with intellectual, emotional and
spiritual strength will emerge. I am determined that the Company’s
Hasilnya dapat kita lihat pada tahun 2001, di mana meski situasi leaders of tomorrow have the nine characteristics necessary for
ekonomi Indonesia belum kondusif, Astra mampu membukukan success: vision, obsession, courage, people skills, integrity,
catatan positif. Penjualan bersih Perseroan pada tahun 2001 commitment, teamwork, business sense and building image.
mencapai Rp 30,12 triliun, meningkat sekitar 6,1% dibanding
tahun 2000 senilai Rp 28,4 triliun. Sedangkan laba bersih All of the above factors, supported by favorable external factors,
Perseroan mengalami peningkatan yang sangat signifikan, yaitu enabled the Company to achieve an impressive performance.
dari rugi bersih Rp 238,71 miliar pada tahun 2000 menjadi laba
bersih Rp 844,51 miliar pada tahun 2001. Hal ini terutama PERFORMANCE IMPROVEMENT
disebabkan oleh kinerja menggembirakan dari sektor otomotif,
pembiayaan konsumen baik untuk mobil dan motor serta dari This can be seen in our results in 2001. At a time when Indonesia’s
sektor agribisnis yang tetap mampu menunjang kinerja Perseroan economic situation was not conducive to growth, Astra booked
secara keseluruhan, walaupun masih ada sektor usaha seperti positive results. The Company’s net sales in 2001 reached Rp 30.12
perkayuan yang belum dapat memberikan hasil yang optimal. trillion, a 6.1% increase from Rp 28.4 trillion in 2000. Meanwhile,
the Company’s net profit rose significantly from a net loss of Rp
Untuk bisnis sepeda motor, Astra bahkan membukukan hasil 238.71 billion in 2000 to a net profit of Rp 844.51 billion in 2001.
penjualan tertinggi yang pernah dicapai selama ini, yaitu dengan This was mainly the result of the heartening performance of the
angka penjualan 932.178 unit atau naik 95% dibandingkan tahun automotive business, the consumer financing business both for
lalu. Hal ini dapat tercapai sebagian karena semakin mantapnya automobiles and motorcycles, as well as the agribusiness sector.
posisi Honda di pasar domestik maupun regional sebagai hasil These sectors continued to support the Company’s overall
dari restrukturisasi bisnis sepeda motor, dimana sejak Januari 2001 performance, despite some business sectors, such as the wood-
lalu, Astra bersama-sama dengan Honda Motor Co., Ltd. based business, being unable to produce satisfactory results.
membentuk perusahaan patungan baru, yaitu PT Astra Honda
Motor, yang mampu memperlancar proses alih teknologi, In its motorcycle business, Astra booked its highest sales ever,
meningkatkan efisiensi serta sekaligus menjadi pemegang hak with total sales volume of 932,178 units representing a 95%
agen tunggal, pabrikan dan distributor yang terintegrasi untuk increase from the previous year. This was achieved through the
kawasan Indonesia. inter alia strengthening of Honda motorcycles in the domestic
and regional markets, the result of a restructuring of the
PEMBAYARAN CICILAN HUTANG DIPERCEPAT motorcycle business. In this restructuring, which took place in
January 2001, Astra and Honda Motor Co. Ltd. established a new
Seiring dengan menguatnya arus kas Perseroan akibat dari joint venture company, namely PT Astra Honda Motor, to smooth
mengalirnya dana segar dari hasil restrukturisasi PT Astra Honda out the process of technology transfer and to improve efficiency.
Motor kepada Perseroan serta membaiknya operasional At the same time, the joint venture company holds the rights as
perusahaan, maka Perseroan berhasil melunasi sisa hutang seri I the sole agent, manufacturer and distributor of Honda motorcycles
pada akhir bulan Maret 2001 sebelum jatuh tempo, serta in Indonesia.
melakukan pembayaran lebih awal sebesar 20% dari cicilan
hutang Seri II yang jatuh tempo pada akhir tahun 2002 pada ACCELERATED DEBT INSTALLMENT PAYMENTS
tanggal 28 Desember 2001.
With the strengthening of the Company’s cash flow, thanks to
PENGHARGAAN an infusion of fresh funds from the proceeds of PT Astra Honda
Motor’s restructuring as well as the Company’s improving
Pada kesempatan ini, izinkan kami menyampaikan ucapan terima operations, Astra was able to pay the remainder of its Series I
kasih kepada Bapak Mikio Nomura dan Bapak Tan Sri Dato’ Paduka debt at the end of March 2001, before the debt reached maturity.
(Dr) Sallehuddin bin Mohamed, atas arahan dan bimbingan On December 28, 2001, the Company paid a 20% installment
mereka sebagai anggota Dewan Komisaris selama ini. Kedua on its Series II debt, which does not fall due until the end of
Komisaris tersebut telah mengundurkan diri pada Rapat Umum 2002.