Vous êtes sur la page 1sur 4

24th February 2011 PT ASTRA INTERNATIONAL TBK 2010 FULL YEAR FINANCIAL STATEMENTS Highlights Net earnings per

per share up 43% to Rp3,549 Net asset value per share up 24% to Rp12,180 A 43% increase in full year dividend proposed Strong performances from automotive, heavy equipment and financial services

Our businesses performed well in 2010 to produce an excellent set of results, enabling Astra to report record earnings and net assets per share. While the outlook remains encouraging, the rate of earnings growth is expected to moderate in 2011. Prijono Sugiarto President Director 24th February 2011 Group Results Year ended 31st December 2010 2009 Change Rp bn Rp bn % Net revenue Operating income Share of results of associates and jointly controlled entities Net income Net earnings per share

129,991 14,725 4,896 14,366


Rp

98,526 12,756 2,567 10,040


Rp

32 15 91 43 43

3,549
As at 31st December 2010 Rp bn

2,480
As at 31st December 2009 Rp bn 39,894 Rp 9,854

Shareholders' funds Net asset value per share

49,310
Rp 12,180

Change % 24 24

The financial results for the years ended 31st December 2010 and 2009 have been prepared in accordance with accounting principles generally accepted in Indonesia and been audited in accordance with the auditing standards established by the Indonesian Institute of Certified Public Accountants.

Page |2
PRESIDENT DIRECTOR'S STATEMENT Overview The Indonesian economy grew by 6.1% in 2010, supported by a continuation of robust consumer demand, net foreign investment inflows and the availability of consumer finance at attractive interest rates. Strong earnings growth from the Groups Automotive, Financial Services and Heavy Equipment activities enabled Astra to achieve a record profit for the year. Performance The Group's net income for the year ended 31st December 2010 grew by 43% to Rp14.4 trillion. Earnings per share were also up 43% at Rp3,549. Net revenue increased by 32% to Rp130.0 trillion. Astras net asset value of Rp49.3 trillion, or Rp12,180 per share, at 31 December 2010 was 24% higher than at the end of 2009. The Group has continued to benefit from strong operating cash flows. Overall net debt excluding borrowings within the Groups financial services subsidiaries was Rp3.5 trillion, compared to net cash of Rp729 billion at the end of 2009, due to significant business expansion. The Groups financial services subsidiaries had net debt at 31st December 2010 of Rp21.1 trillion, compared to Rp13.9 trillion at the prior year end, due to an increase in the volume financed. A final dividend of Rp1,130 per share (2009: Rp830 per share) will be proposed at the Annual General Meeting to be held in May 2011. The proposed final dividend together with the interim dividend of Rp470 per share (2009: Rp290 per share) will bring the total dividend for the year to Rp1,600 (2009: Rp1,120), a 43% increase. Business Activities Automotive The contribution to net income from the Groups automotive businesses grew by 55% to Rp7.1 trillion. The wholesale market for motor vehicles grew by 57% during the year to 765,000 units. Astras motor vehicle sales grew by 52% to 426,000 units, representing a market share of 56% compared with 58% in 2009. Astra launched several facelift models during the fourth quarter, including Toyota New Rush, Daihatsu New Terios and the New MPV Peugeot 5008. The wholesale market for motorcycles grew by 26% to 7.4 million units during 2010. Astra Honda Motor maintained its market leading position with sales improving by 26% to 3.4 million units, a market share of 46%. During the fourth quarter, the company launched the New Honda CS1 and New Honda Blade. Astra Otoparts, the Groups component manufacturing business, benefited from the expansion in the wholesale automotive market and reported a net income up 49% at Rp1.1 trillion. Financial Services Net income from the Groups financial services businesses grew by 77% to Rp2.9 trillion. An improved contribution from Astras consumer finance operations reflected loan book growth, stable net interest margins and ample liquidity in the local banking sector. The amount financed through Federal International Finance, Astra Credit Companies and Toyota Astra Financial Services in 2010 grew by 39% to Rp 44 trillion, excluding balances financed through joint bank - more -

Page |3
financing without recourse. In December 2010 the transaction to acquire the 47% of Astra Sedaya Finance, the largest of the Astra Credit Companies, that Astra did not already own was completed. Group insurance company, Asuransi Astra Buana, generated higher earnings from retail and commercial premiums and investment income. Astras 44.5%-held joint venture, PT Bank Permata Tbk, benefited from the positive economic conditions and reported net income of Rp997 billion for the year ended 31st December 2010, an increase of 108%. During November 2010, Permata completed a Rp2 trillion, 6:1 rights issue, raising funds to strengthen capital adequacy. In December 2010, the acquisition of GE Finance Indonesia, a domestic credit card issuer, was completed following the formal approval by Bank Indonesia. Heavy Equipment and Mining The Groups net income from its heavy equipment and mining business grew by 2% to Rp2.3 trillion. United Tractors, which is 59.5%-owned, reported net income of Rp3.9 trillion for the year ended 31st December 2010, little changed from 2009. Strong results were seen in its Komatsu heavy equipment business, which sold 5,400 units during the year, an increase of 74%. This earnings improvement was, however, offset by a reduced contribution from the contract coal mining operations of subsidiary, Pamapersada Nusantara (Pama). While Pama achieved higher production targets, with an increase in contract coal production of 14% to 78 million tonnes and an increase in contract overburden removal of 9% to 651 million bcm, it continued to be affected by unfavourable weather conditions and a weak US dollar. Through its own mines, Pama sold 2.6 million tonnes of coal. Agribusiness The contribution to the Groups net income from agribusiness increased by 21% to Rp1.6 trillion. Astra Agro Lestari, which is 79.7%-held, reported a net income of Rp2.0 trillion for the year ended 31st December 2010, an increase of 21% over 2009 due to improved crude palm oil prices achieved, which were on average 13% higher than previous year. Palm oil production during 2010 was up 3% compared to the corresponding period in 2009, at 1.1 million tonnes. Infrastructure and Logistics Net income from infrastructure and logistics grew by 34% to Rp358 billion. In December 2010, Astra acquired an additional 19% of PAM Lyonnaise Jaya, which operates the western Jakarta water utility system, increasing its stake from 30% to 49%. PAM Lyonnaise Jaya increased its sales volume in 2010 by 7% to 147.3 million cubic metres. The toll road operated by 79.3%-owned Marga Mandalasakti, reported a 7% increase in traffic volume to 29.4 million vehicles on higher average tariffs, while Serasi Autoraya improved profit was supported by higher sales of rental vehicles.

- more -

Information Technology Net income from information technology grew by 76% to Rp90 billion. Astra Graphia, 76.9%-owned, which is active in the area of information technology solutions and is the sole distributor of Fuji Xerox equipment in Indonesia, reported net income of Rp118 billion, up 77%. People On behalf of the Board of Directors, I wish to thank our 145,200 staff employed across the Group. The Groups excellent results are due in large measure to their hard work and dedication. I also wish to thank our customers, shareholders and business partners for their continued support. Prospects Our businesses performed well in 2010 to produce an excellent set of results, enabling Astra to report record earnings and net assets per share. While the outlook remains encouraging, the rate of earnings growth is expected to moderate in 2011.

Prijono Sugiarto President Director 24th February 2011 - end For further information, please contact: PT Astra International Tbk Arief Istanto, Chief of Corporate Communication Tel: + 62 21 6530 4956

Vous aimerez peut-être aussi