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TRANSCRIPT
Laporan Tahunan
Establishing the Right Moves
2002Annual Report
enterprise at your service
ASTRA international
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CATUR DHARMA1 Menjadi milik yang bermanfaat bagi Bangsa dan Negara.2 Memberikan pelayanan yang terbaik kepada pelanggan.3 Saling menghargai dan membina kerjasama.4 Berusaha mencapai yang terbaik.
VISI1 Menjadi salah satu perusahaan terbaik di bidang manajemen di kawasan Asia Pasifik dengan penekanan pada
pembangunan kompetensi melalui pengembangan sumber daya manusia, struktur keuangan yang solid, kepuasanpelanggan dan efisiensi.
2 Menjadi perusahaan yang mempunyai tanggung jawab sosial serta ramah lingkungan.
PHILOSOPHY1 To be an asset to the nation.
2 To provide only the best
service to our customers.
3 To respect individuals and
promote teamwork.
4 To continually strive for
excellence.
VISION1 To be one of the best
managed corporations in the
Asia-Pacific region with an
emphasis on building
competence through human
resources development, solid
financial structures, customer
satisfaction and efficiency.
2 To be a socially responsible
corporation and to be
environmentally friendly.
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In today’s business world, it is important notonly to maintain current market position but toestablish a foundation for success in the future.This foundation for success involves theresources, the systems, the communities andthe people that are part of the company today.2002 was a year of achievement in which theCompany accomplished financial restructuringand business reorganization, and a year ofenhancement of its integrated business systemand resources. By utilizing and optimizing itsassets, the Company can become an asset to itsemployees, its customers, its partners andshareholders and to the nation.By “Establishing the Right Moves” today, theCompany can look forward to an exciting andprosperous future.
Dalam dunia usaha saat ini, adalah penting untuk tidaksaja mempertahankan posisi pasar, namun sekaligusmempersiapkan landasan bagi sukses di masamendatang. Upaya mencapai sukses di masamendatang melibatkan sumber daya, sistem, komunitassekitar, dan seluruh personil yang ada di lingkunganPerseroan saat ini. Tahun 2002 merupakan tahunprestasi dimana Perseroan berhasil melakukanrestrukturisasi keuangan dan reorganisasi usaha, sertameningkatkan kinerja sumber daya dan sistem bisnissecara terpadu. Dengan mengoptimalkan penggunaansumber-sumber daya yang dimiliki, Perseroan dapatmenjadi milik yang bermanfaat bagi karyawan,pelanggan, mitra kerja dan pemegang saham sertabagi bangsa dan negara Indonesia. Dengan“Memantapkan Langkah yang Tepat”, Perseroanmemiliki optimisme ke masa depan yang menjanjikan.
the Right MovesEstablishing
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ContentsCorporate Profile 3
Stock Highlights 4
Financial Highlights 6
Audit Committee 8
Message from the
Honorary Chairman 10
Message from the
President Commissioner 11
Message from the
President Director 13
Management Report 16
Milestones in 2002 20
Corporate Governance 22
Business Segment
Information 24
• Automotive Division 26
• Financial Services Division 34
• Heavy Equipment Division 38
• Agribusiness Division 41
• Information Technology
Division 44
• Infrastructure Division 46
Human Resources
Development 48
• AMDI 50
• Astra International
Cooperative 50
• Astra Pension Fund 51
Environmental, Health &
Safety Management 52
Social Responsibility 54
• Toyota Astra Foundation 55
• Dharma Bhakti
Astra Foundation 55
• Astra Mitra Ventura 56
• Astra Manufacturing
Polytechnic 56
• Community Development 57
Corporate Plan in 2003 58
Financial Report 61
Corporate Data
• BOC & BOD ii
• Organization Structure vii
• Corporate Information ix
Daftar Isi
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Profil Perseroan 3
Ikhtisar Saham 4
Ikhtisar Keuangan 6
Komite Audit 8
Sambutan
Komisaris Kehormatan 10
Sambutan
Presiden Komisaris 11
Sambutan
Presiden Direktur 13
Laporan Manajemen 16
Jejak Langkah 2002 20
Tata Kelola Perusahaan 22
Informasi Segmen Bisnis 24
• Divisi Otomotif 26
• Divisi Jasa Keuangan 34
• Divisi Alat Berat 38
• Divisi Agribisnis 41
• Divisi Teknologi Informasi 44
• Divisi Infrastruktur 46
Pengembangan Sumber Daya
Manusia 48
• AMDI 50
• Koperasi Astra
International 50
• Dana Pensiun Astra 51
Manajemen Lingkungan Hidup,
Kesehatan &
Keselamatan Kerja 52
Tanggung Jawab Sosial 54
• Yayasan Toyota-Astra 55
• Yayasan Dharma Bhakti Astra 55
• Astra Mitra Ventura 56
• Politeknik Manufaktur Astra 56
• Pengembangan Masyarakat 57
Rencana Perseroan Tahun 2003 58
Laporan Keuangan 61
Data Perseroan
• Dewan Komisaris dan
Dewan Direksi ii
• Struktur Organisasi vii
• Informasi Perseroan ix
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Since starting as a trading company in 1957, Astra has continually widened its scope of business
and investments, and today, PT Astra International Tbk (“Company”) is a public company with six
business divisions: Automotive, Financial Services, Heavy Equipment, Agribusiness, Information
Technology, and Infrastructure. Over the course of its development, the Company has formed
strategic alliances with reputable international corporations in its efforts to expand business
opportunities. Listed on the Jakarta Stock Exchange (JSX) and Surabaya Stock Exchange (SSX) since
1990, the Company’s market capitalization as at 27 December 2002 stood at approximately
Rp 8.3 trillion, with 4,278 shareholders. The Astra Group employed approximately 90,000 people
throughout Indonesia at year-end.
Corporate Profile
Bermula dari sebuah perusahaan dagang pada tahun 1957, Astra
telah mengembangkan bidang usaha dan investasinya. Kini
PT Astra International Tbk (“Perseroan”) adalah sebuah perusahaan
publik yang memiliki enam bidang usaha, yaitu Divisi Otomotif, Divisi
Jasa Keuangan, Divisi Alat Berat, Divisi Agribisnis, Divisi Teknologi
Informasi, dan Divisi Infrastruktur. Dalam pengembangan usahanya
selama ini, Perseroan banyak bermitra usaha dengan perusahaan-
perusahaan yang mempunyai reputasi internasional. Terdaftar di
Bursa Efek Jakarta dan Bursa Efek Surabaya sejak tahun 1990,
dengan nilai kapitalisasi pasar saham Perseroan per 27 Desember
2002 sekitar Rp 8,3 triliun dengan 4.278 pemegang saham.
Karyawan Grup Astra di seluruh Indonesia pada akhir Desember
2002 berjumlah sekitar 90.000 orang.
Profil Perseroan
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Stock Highlights
Ikhtisar Saham
Authorized Capital6,000,000,000 6,000,000,000Modal Dasar
Issued and Paid-up Capital2,608,088,910 4,013,783,116Modal Ditempatkan dan Disetor
Equity and SharesModal dan Saham
SharesSaham
ASTRA Stock Price
on Jakarta Stock Exchange in 2002
2,500
0
Shareholding Composition of ASTRA
as at 31 Dec 2002
ASTRA Distribution Network
Toyota 112
Daihatsu 110
Isuzu 104
BMW 7
Peugeot 24
Nissan Diesel 19
Honda (motorcycle) 282
Heavy Equipment 36
Astra Credit Company - ACC 28
Federal International Finance - FIF 136
Asuransi Astra Buana - AAB 21
Astra CMG Life 36
Astra Otoparts - AOP 24
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Rp / Share (Saham)
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4,500
as at 31 Dec 2002per 31 Des 2002
as at 28 Feb 2003per 28 Feb 2003
47.33
34.31
8.28
Harga Saham ASTRA
di Bursa Efek Jakarta tahun 2002
Komposisi Kepemilikan Saham ASTRA
per 31 Des 2002as at 28 Feb 2003per 28 Feb 2003
Jaringan Distribusi ASTRA
Numerical notations in all tables and graphs are in English.Angka-angka pada seluruh tabel & grafik menggunakan notasi Inggris.
Cycle & Carriage(Mauritius) Limited
Others
JPMCB-US Resident(Norbax Inc.)
Government ofSingapore InvestmentCorporation Pte Ltd A/C “C”
5.29
* Parkmix Ltd in custody for Toyota Motor Corporation.Perusahaan custody yang memegang saham Perseroan milikToyota Motor Corporation sebanyak 192.000.000 saham.
Others48.14
Cycle & Carriage(Mauritius) Limited31.15
Toyota MotorCorporation7.36
JPMCB-US Resident(Norbax Inc.)8.06
5.29Government ofSingapore InvestmentCorporation Pte Ltd A/C “C” 4.79 Parkmix Ltd *
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From Left to Right / Dari Kiri ke Kanan
Board of Directors of PT Astra International TbkDewan Direksi PT Astra International Tbk
Gunawan Geniusahardja, Michael Dharmawan Ruslim (Vice President Director),
Kour Nam Tiang, Budi Setiadharma (President Director), Prijono Sugiarto,
Danny Walla, John S. A. Slack
“Astra achieved positive results in 2002 ... and laid the groundwork for success in the years to come ...”
“Astra meraih kinerja positif tahun 2002 ...dan meletakkan dasar yang kokoh untuk meraih sukses di masa mendatang ...”
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Financial Highlights
DESCRIPTIONS 2002 2001 2000 1999 1998 DESKRIPSI
TOTAL ASTRA (Consolidated) TOTAL ASTRA (Konsolidasian)
Net Revenues 30,685 30,123 28,404 14,853 11,292 Penghasilan Bersih
Gross Profit 6,625 5,657 5,119 3,298 2,967 * Laba Kotor
Operating Profit 2,811 2,624 2,577 1,759 1,701 * Laba Usaha
EBITDA 3,704 3,441 3,340 2,468 2,313 * EBITDA
Net Income / (Loss) 3,637 845 (239) 1,487 (3,689) Laba Bersih / (Rugi)
Total Assets 26,186 26,574 26,863 22,204 24,026 Jumlah Aktiva
Current Assets 10,469 10,173 8,930 7,577 8,009 * Aktiva Lancar
Fixed Assets 6,680 7,816 7,664 7,431 7,743 * Aktiva Tetap
Current Liabilities 7,983 10,355 10,100 7,396 7,438 * Kewajiban Lancar
Total Borrowings 11,954 16,506 17,774 15,486 17,075 * Jumlah Pinjaman
Total Equity 6,499 2,567 1,705 2,012 18 Jumlah Ekuitas
Total Equity + Minority lnterest 8,921 4,550 3,455 3,634 1,477 Jumlah Ekuitas + Hak Pemilikan Minoritas
RATIO ANALYSIS & OTHERS ANALISIS RASIO & LAIN-LAIN
Return on Assets 13% 3% -1% 6% -14% Laba terhadap Aktiva
Return on Equity 74% 46% -18% 147% -225% Laba terhadap Ekuitas
Gross Profit Margin 22% 19% 18% 22% 29% * Marjin Laba Kotor
Operating Profit Margin 9% 9% 9% 12% 13% * Marjin Laba Usaha
Current Ratio 1.3 1.0 0.9 1.0 1.1 * Rasio Lancar
Issued Shares (in million) 2,608 2,538 2,507 2,472 2,326 Saham Terdaftar (dalam jutaan)
Net Income (Loss) / share (Rp)** 1,024 244 (96) 624 (1,586) Laba Bersih (Rugi) / saham (Rp)
Cash Dividend per share 0 0 0 0 0 Nilai Dividen per saham
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In billions of Rupiah, unless stated otherwise. Dalam miliar Rupiah, kecuali jika disebutkan lain.
* Only from Automotive & non Financial Service Divisions.
** Net Income (Loss) / share for year 2001 and 2002 is calculated based onweighted average of ordinary shares outstanding adjusted for rights issue.
* Hanya dari Divisi Otomotif & non Divisi Jasa Keuangan.
** Laba Bersih (Rugi) / saham untuk tahun 2001 dan 2002 dihitung berdasarkanrata-rata tertimbang jumlah saham yang beredar setelah penyesuaian
penerbitan hak memesan efek terlebih dahulu.
**
Numerical notations in the table are in English.Angka-angka pada tabel menggunakan notasi Inggris.
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Ikhtisar Keuangan
98
99
00
01
02
Net Income (Loss)
98
99
00
01
02
Net Income (Loss) per Share
-4,000 Rp billion / miliar
-2,000 Rp
Net Revenues
98
99
00
01
02
11,292
14,853
28,404
30,123
30,685
0 10,000 20,000 30,000 Rp billion / miliar
Divisional Net Revenues
98
99
00
01
02
0 5,000 10,000 15,000 20,000 25,000 30,000 35,000
Total Assets
98
99
00
01
02
24,026
22,204
26,863
26,574
26,186
0 10,000 20,000 30,000 Rp billion / miliar
Fixed Assets
98
99
00
01
02
7,743
7,431
7,664
7,816
6,680
0 2,000 4,000 6,000 Rp billion / miliar8,000
Rp billion / miliar
4,000
40,000
Automotive Agribusiness Woodbased Heavy Equipment Financial Services OthersIT
1,487
(239)
845
3,637
-3,000 -2,000 -1,000 0 1,000 2,000 3,000
(3,689)
(1,586)
624
(96)
244
1,024
-1,500 -1,000 -500 0 500 1,000 1,500 2,000
11,292
14,853
28,404
30,123
30,685
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Audit Committee
Komite Audit merupakan komite yangditunjuk dan bertanggung jawabkepada Dewan Komisaris. Fungsiutama Komite Audit adalah membantuDewan Komisaris dalam pelaksanaanfungsi kepengawasan. KeanggotaanKomite Audit seluruhnya terdiri daripihak yang independen, denganseorang Komisaris independensebagai ketua. Dalam melaksanakanfungsinya tersebut, Komite Auditmengacu pada informasi yangdiperoleh dari Direksi, jajaranManajemen, Internal Audit, RiskManagement Group, auditorindependen, dan komite-komite lain.Oleh karenanya, fungsi dari KomiteAudit tidak merupakan duplikasi darifungsi dan tanggung jawab pihak-pihak tersebut. Pihak Direksi danmanajemen Perseroan bertanggungjawab atas laporan keuangan,
pembentukan sistem pengendalianinternal serta memastikan kepatuhanterhadap peraturan dan perundang-undangan, sedangkan Internalmaupun Eksternal Audit merupakanpelaksana utama tugas-tugaspemeriksaan. Adapun Komite Auditmemantau keberadaan fungsipengendalian internal secarakeseluruhan serta fungsi Internal danEksternal Audit yang memadai. Dalammelaksanakan fungsinya tersebut,Komite Audit bertugas:• Melakukan kajian terhadap laporan
keuangan dan laporan lain yangakan diberikan kepada pihak ketiga.
• Melakukan kajian terhadapkebijakan akuntansi untukmemastikan kepatuhan terhadapperaturan, perundangan danstandar akuntansi yang berlaku.
• Melakukan kajian terhadap laporandari Internal Audit dan RiskManagement Group.
Secara berkala, Komite Auditmempertimbangkan, tanpa kehadiranpihak manajemen dan Eksternal Audit,kualitas dari informasi yang diterimaoleh Komite Audit dan selanjutnyamembahas bersama manajemen danEksternal Audit mengenai dipenuhinyastandar akuntansi, peraturanpelaporan dan lain-lain kewajibanpelaporan dan juga kualitas kebijakanakuntansi yang dipergunakan.
Direksi, Internal Audit dan EksternalAudit dapat diundang untuk mengikutirapat-rapat Komite Audit. Komite Auditmelakukan pengkajian terhadaplingkup dan rencana penugasanpemeriksaan dari Internal Audit danEksternal Audit.
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The Audit Committee (the “Committee”) is a committee appointed by the Board of Commissioners (BOC)and is responsible to the BOC. The Committee consists entirely of independent parties with the Chairman ofthe Committee being an Independent Commissioner. The Committee’s primary function is to assist the BOCin fulfilling its oversight responsibilities. In carrying out its responsibilities, the Committee relies on theinformation provided by the Board of Directors (BOD), management, Internal Auditors, the Risk ManagementGroup, External Auditors and other Committees. The Committee’s functions are not intended to duplicatethe roles and responsibilities of these parties. The BOD and Management bear primary responsibilities forfinancial reporting, establishing the system of internal control and compliance with laws and regulations,and the Auditors bear primary responsibility for the audit functions. The Audit Committee’s role is to overseethe adequacy of the overall internal control functions and the adequacy of Internal and External Auditactivities. In carrying out its oversight function, the Committee :• Reviews financial statements and reports to be issued to external parties;• Reviews accounting policies to ensure compliance with current laws and regulations and accounting
standards; and• Reviews the reports of the Internal Auditors and Risk Management Group.
The Committee carefully considers, independent of management and the External Auditor, the quality ofinformation received and discusses with management and the External Auditor the conformity of the financialstatements with accounting standards, statutory reporting, other mandatory reporting requirements andthe quality of the accounting policies applied.
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Komite Audit
The BOD, Internal Auditors and the External Auditor attend Committee meetings if requested. The Committee
reviews the scope of the audit and the audit plan of the External and the Internal Auditors.
During the year, the Committee initiated, with the assistance of the Risk Management Group, a major
re-assessment of Audit Committee Charter which sets out the Committee’s roles, responsibilities, authority, and
organizational structure. This has resulted in the approval by the BOC of a substantially revised Charter that is
tailored to the specific requirements of the Astra Group, and in compliance with Bapepam and Jakarta Stock
Exchange regulations.
The Committee acknowledges that monitoring the activities of a large and complex Group such as Astra in
accordance with its Charter requires continual re-evaluations of its own effectiveness. The Committee appreciates
the initiative of the BOD in establishing the Risk Management Group in August 2002 as an independent internal
risk management coordinating and monitoring function and believes that the Committee’s effectiveness will be
substantially enhanced as programmes such as Control Self Assessment, Coordinating of Internal Audit Functions,
Business Ethics Surveys and other risk management initiatives are implemented across the Astra Group. The
Committee commends the BOD for its continual drive towards improvement of corporate governance and the
control environment.
In addition, in September 2002 forums were initiated with the Audit Committees of the listed entities,
PT Astra Agro Lestari Tbk, PT Astra Graphia Tbk, PT Astra Otoparts Tbk, and PT United Tractors Tbk. These
forums are being conducted quarterly to discuss issues involving the roles of the Audit Committees.
In November 2002, Bapepam imposed an administrative sanction in the form of a fine on the Company and
management relating to the failure to disclose, in the correct time, information on corporate guarantees during
the period 1996 to 1999 as referred to in note 27(a) of the Company’s Consolidated Financial Statements
31 December 2002.
The Committee’s review of the implementation of the total compensation packages for the BOD and BOC
indicated that payment has been made in accordance with the approved budget and shareholders’ guidelines.
Pada tahun 2002 Komite Audit denganbantuan Risk Management Grouptelah melakukan revisi terhadapPiagam Komite Audit (AuditCommittee Charter) yang mengaturfungsi, tanggung jawab, kewenangandan struktur organisasi Komite Audit.Dewan Komisaris selanjutnya telahmemberikan persetujuannya atasrevisi tersebut, yang telah lebihdisesuaikan dengan kondisi spesifik diGrup Astra, dan peraturan Bapepammaupun Bursa Efek Jakarta.
Komite Audit menyadari bahwamelakukan pengawasan sesuaidengan Piagamnya atas kegiatanGrup Astra yang sangat beragammembutuhkan upaya untuk senantiasamengevaluasi efektivitas kerja yangdilakukan. Komite Audit menyambutbaik langkah Direksi Perseroan dalammembentuk Risk Management Grouppada bulan Agustus 2002 sebagai
fungsi pemantauan dan koordinasipengelolaan risiko internal yangindependen dan meyakini bahwakeefektifan Komite Audit akanmendorong penerapan program-program seperti Control SelfAssessment, Koordinasi Fungsi AuditIntern, Kuesioner Etika Bisnis sertainisiatif pengelolaan risiko diseluruhperusahaan di Grup Astra. KomiteAudit menghargai upaya-upaya yangterus menerus dilakukan oleh DireksiPerseroan untuk meningkatkan tatakelola perusahaan dan pengendalianinternal.
Selain itu, sejak bulan September2002 telah diadakan forum diskusidengan Komite-komite Audit dariperusahaan yang telah terdaftar dibursa saham seperti PT Astra AgroLestari Tbk, PT Astra Otoparts Tbk,PT Astra Graphia Tbk, dan PT UnitedTractors Tbk, dimana dibahas
berbagai permasalahan menyangkutfungsi dari Komite Audit. Selanjutnyaforum diskusi ini akan dilakukan tiap3 (tiga) bulan sekali.
Pada bulan November 2002 Bapepamtelah mengenakan sanksi administratifberupa denda kepada Perseroan danmanajemen sehubungan denganketerlambatan dalam memberikaninformasi mengenai jaminanperusahaan selama periode 1996sampai 1999 sebagaimanadisebutkan dalam catatan 27(a) atasLaporan Keuangan KonsolidasianPerseroan, 31 Desember 2002.
Setelah melakukan kajian atas totalpaket remunerasi yang diterimaanggota Dewan Komisaris danDireksi, Komite Audit berpendapatbahwa paket remunerasi tersebuttelah dibayarkan sesuai anggaranyang disetujui dan mengikuti petunjukdari pemegang saham.
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Merupakan suatu keistimewaan dankebanggaan bagi saya selama 8tahun ini dapat bekerja meraihkeberhasilan bersama dengan paraprofesional yang berdedikasi tinggi.Saya yakin bahwa Astra memilikilandasan yang kokoh untuk meraihsukses di masa mendatang, sertaterus sebagai pemimpin dan milikyang bermanfaat bagi negara danbangsa Indonesia.
Dalam kesempatan ini sayamengucapkan terima kasih kepadaDewan Komisaris, Direksi dan seluruhkaryawan Grup Astra atas kerjakerasnya di tahun yang lalu. Marilah
Let us give praise and thanks to almighty God, who provided us with His guidance and protection in2002, allowing Astra Group to book positive results this year.
I would like to offer everyone at Astra my heartfelt congratulations on another positive year ofgrowth and development. In a time of political and economic uncertainty, it is indeed impressive tosee our company not only maintain its position in the market, but to make significant strides towardthe future.
It has been my privilege and pleasure to work with so many dedicated and professional people overthe past 8 years and I am proud of everything that we have accomplished in that time. I am alsoconfident that Astra has laid the foundation for success in the future and will continue to be a leaderand an asset to our great nation.
I would like to extend my thanks to the Board of Commissioners, the Board of Directors and to theemployees of Astra Group for all of their hard work over the past year. May you continue to “establishthe right moves” in the years to come. May almighty God always bless us.
Sambutan Komisaris Kehormatan
Jakarta, April 2003
Abdul Rachman RamlyHonorary Chairman / Komisaris Kehormatan
Puji dan syukur kita panjatkanke hadirat Allah SWT atas lindunganserta tuntunan-Nya sehingga Astradan kelompok usahanya dapatmembukukan kinerja usaha yang baikpada tahun 2002.
Perkenankanlah saya mengucapkanselamat kepada seluruh manajemendan karyawan Astra ataskeberhasilannya, sekali lagi, dalammencapai pertumbuhan danpengembangan yang positif.Di tengah ketidakpastian politik danekonomi, Astra telah berhasilmempertahankan posisi di pasar-pasarnya dan sekaligus memantapkanlangkah ke masa depan.
Message fromthe Honorary Chairman
kita terus “memantapkan langkahyang tepat” di tahun-tahunmendatang, dengan ridho Allah SWT.
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Sambutan Presiden Komisaris
Dewan Komisaris berbesar hati dansekaligus bersyukur bahwa, dalamtahun yang penuh ketidakpastian baikdi lingkup domestik maupun global,Astra mampu mencapai pertumbuhanpositif dan menjalankan langkah-langkah perubahan yang akanbermanfaat bagi Perseroan, saat inimaupun di masa mendatang.
Tahun 2002 merupakan tahun yangpenuh gejolak bagi Indonesia dandunia. Ancaman terorisme danpeperangan terus menjadipenghambat laju perekonomian disepanjang tahun sampai ancamantersebut telah menjadi kenyataan.Sampai di penghujung tahun 2002,Indonesia masih belum pulih darikehancuran industri pariwisatanya,hilangnya investasi asing, danberlarut-larutnya ketidakpastianmasalah keamanan. Walaupundemikian, perekonomian Indonesia
bergerak maju, seiring denganindikasi rupiah yang mulai menguatdan stabil, penurunan tingkat sukubunga serta tingkat inflasi yang relatifstabil.
Meskipun kondisi perekonomianseperti yang telah saya uraikan diatas,kinerja Astra dalam tahun 2002 sangatpositif. Pencapaian kinerja Perseroanyang menonjol adalah peningkatanyang sangat signifikan dalampenjualan sepeda motor, kinerja yangkuat di Divisi Jasa Keuangan danDivisi Agribisnis, serta kemampuanPerseroan untuk mempertahankanposisi yang tetap kompetitif di tengahpersaingan yang semakin berat.Kinerja yang mengesankan ini adalahhasil dari kepemimpinan DewanDireksi serta kerja keras dan komitmendari seluruh jajaran karyawankelompok usaha Astra.
Satu yang paling penting adalahpenyelesaian restrukturisasi hutangdan keuangan Perseroan sehinggaAstra dapat bergerak lebih leluasa ditahun-tahun mendatang dan terbebasdari tekanan ketatnya arus kas yangtelah menghambat langkah Perseroanselama ini. Kondisi kesehatankeuangan Perseroan juga semakinmembaik dengan masuknya dana daripenerbitan saham baru di akhir tahun2002.
Secara umum Dewan Komisarismerasa sangat puas dengan kinerjaPerseroan secara keseluruhan selamatahun 2002, dan kami mengharapkanbahwa hal tersebut akan menciptakansuatu dampak positif yang bernilaibagi roda perekonomian danpembangunan Indonesia. Kami jugayakin bahwa Astra akan senantiasa
In a year of both domestic and global uncertainty, we are proud and thankful that Astra was able to achievepositive growth and made significant changes that will benefit the Company now and in the future.
2002 was a volatile year for Indonesia and the world. The threat of terror and the threat of war continued to actas a drag on world economies throughout the year until that threat became a reality. As the year came to aclose, Indonesia was still recovering from a devastated tourism industry, the loss of foreign investment, andcontinued uncertainty over security issues. Despite these serious issues, the Indonesian economy is movingforward with indications of a stronger and more stable rupiah, a decline in interest rates and relatively stableinflation.
Astra’s 2002 performance figures were very positive considering the economic conditions in which they wereachieved. The highlights include very strong growth in motorcycle sales, a strong performance in the Financial
Message fromthe President Commissioner
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Jakarta, April 2003
Theodore Permadi RachmatPresident Commissioner / Presiden Komisaris
mampu memenuhi harapan parastakeholder dan, lebih penting lagi,para pemegang saham Perseroan.Dengan hasil-hasil mengesankanyang telah dicapai pada tahun 2002,kami percaya Astra dapat melangkahmaju sebagai perusahaan yang kuatdan produktif, serta memainkan peranyang tidak kecil bagi masa depanIndonesia.
Sejalan dengan kepatuhan padaprinsip tata kelola perusahaan yangbaik, Astra telah membentuk sebuahKomite Audit, yang berfungsimembantu Dewan Komisaris dalammemberikan pendapat profesionalsecara independen mengenai kinerjaDireksi Perseroan. Saya merasaberuntung dapat bekerja bersamaindividu-individu yang berdedikasidan profesional baik di Komite Audit
maupun Dewan Komisaris Astra, dandalam kesempatan ini sayamengucapkan terima kasih atas jasa-jasa mereka bagi Perseroan.
Atas nama Dewan Komisaris, sayajuga menyampaikan terima kasihkepada pendahulu sayaBpk. A.R. Ramly atas jasa-jasanyakepada Perseroan sebagai PresidenKomisaris, sekaligus mengucapkanselamat atas pengangkatan beliausebagai Komisaris KehormatanPT Astra International Tbk. Ucapanselamat juga saya sampaikan kepadapengganti saya sebagai PresidenDirektur Perseroan, Bpk. BudiSetiadharma. Penghargaan yang tulussaya sampaikan kepada beliau,anggota Direksi serta seluruhkaryawan Astra atas segala upayayang diberikan selama ini. Melalui
dedikasi serta upaya bersama darimanajemen dan jajaran karyawanPerseroan, serta dukungan parapemegang saham, mitra kerja,pemasok dan nasabah, Astra telahmencapai prestasi yangmengesankan pada tahun 2002, yangakan menjadi landasan bagi masadepan yang cerah.
“Astra can move forward as a strong andproductive company ... and will play a significantrole in the future of this nation ...”
“Astra terus bergerak sebagai perusahaan yang kokoh dan produktif …dan akan memainkan peran penting dalam kemajuan negara ini …”
Services and Agribusiness Divisions, and the Company’s ability to maintain its position in an increasingly competitivemarket. This strong performance is a testament to the leadership of the Board of Directors and the hard workand commitment of the employees of the Astra Group.
More significantly, Astra’s completion of its debt restructuring and financial restructuring allows the Companyto be more flexible in the coming years and greatly relieves the cash flow pressure that had plagued us for sometime. A subsequent equity raising program, which was completed early in 2003, has further enhanced thefinancial health of the Company.
Overall, the Board of Commissioners was pleased with the performance of the Company in 2002 and we expectthat this positive performance may help create a trickle down effect that might be valuable to the developmentof the country. In addition, we are confident that the Company will always meet the expectations of ourstakeholders and more importantly, our shareholders. We believe that with the remarkable results of this pastyear, Astra can move forward as a strong, productive Company and will play a significant role in the future ofthis nation.
In adhering to its principles of Good Corporate Governance, Astra makes use of an Audit Committee whoseduties are to assist the Board of Commissioners by providing independent, professional evaluations of the workof the Board of Directors. It has been a rewarding year to work with the dedicated and professional members ofboth the Audit Committee and the Board of Commissioners and we would like to thank them for their outstandingservice to the Company.
On behalf of the Board of Commissioners, I would also like to thank my predecessor, Mr. A.R. Ramly for hisservice to the Company as President Commissioner and to congratulate him on his appointment as HonoraryChairman of PT Astra International Tbk. I would also like to congratulate my successor as President Director,Mr. Budi Setiadharma, and to convey my gratitude and appreciation to him, the Board of Directors and to allAstra employees for their efforts this past year. Through the dedication and concerted efforts of the managementteam and the employees and with the support of the shareholders, partners, suppliers and customers, Astra hasachieved significant results in 2002 that lay the groundwork for a bright future.
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Meskipun gejolak perekonomiandomestik dan global terus berlanjut ditahun 2002, Astra mampu danberhasil mengatasi tantangan danmencapai kinerja operasional yangmengesankan serta melakukanlangkah-langkah yang kami percayaakan berdampak positif bagi masadepan Perseroan. Dengan dukungandari Dewan Komisaris Perseroan,mitra kerja dan para pemegangsaham, serta kerja keras seluruhjajaran manajemen dan karyawan,Perseroan telah berhasil membangundasar yang kokoh untuk meraihkeberhasilan di masa mendatang.Oleh sebab itu, saya ingin
menyampaikan penghargaan yangtulus kepada seluruh pihak yang telahmemberikan kontribusi sehinggaPerseroan mampu mencatat prestasigemilang di tahun lalu.
PencapaianLaba bersih konsolidasi Astrameningkat 331% dariRp 845 miliar menjadi Rp 3,6 triliun,terutama akibat peningkatan laba darisektor sepeda motor, Divisi JasaKeuangan dan Divisi Agribisnis, sertadari hasil restrukturisasi organisasi diDivisi Infrastruktur dan pendapatanselisih kurs. Penjualan sepeda motor
Honda tumbuh 54% mencapai tingkatpenjualan tertinggi yaitu sebanyak 1,4juta unit, suatu catatan rekor yangbaru. Sekalipun pasar mobil diIndonesia menunjukkan peningkatandi tahun 2002, volume penjualanmaupun pangsa pasar mobil Astramengalami penurunan disebabkanoleh tajamnya persaingan danmelemahnya permintaan terhadapmobil bermesin disel akibat kenaikanharga solar. Namun demikian, secarakeseluruhan Perseroan membukukankinerja yang positif pada tahun 2002.Keberhasilan ini adalah buah dariketerampilan, dedikasi dan kerja kerasseluruh jajaran personil Perseroan.
Sambutan Presiden Direktur
Message fromthe President Director
Despite continued domestic and global economic volatility in 2002, Astra was able to overcome thesechallenging conditions and achieve remarkable results overall and make changes that we feel will positivelyimpact the future of the Company. Thanks to the support of our Board of Commissioners, our partnersand shareholders, and to the efforts of our directors and employees, we have laid the groundwork forsuccess in the years to come. I would like to express my deep appreciation to everyone who has contributedto our success this past year.
AchievementsAstra’s consolidated net profit soared 331% from Rp 845 billion to Rp 3.6 trillion, due mainly to improvedprofits from our two-wheel vehicles division, Financial Services Division, Agribusiness Division, and profitsfrom business reorganization in the Infrastructure Division and foreign exchange book gains. Hondamotorcycle sales increased 54% to 1.4 million units, a new record. Although the overall car market inIndonesia grew marginally in 2002, Astra’s market share and units sold declined as a result of increasedcompetition in the market and lower demand for diesel engine vehicles, a result of diesel fuel price hikesin Indonesia. Overall however, 2002 was a year of positive results that reflects the skills, dedication andhard work of everyone in our organization.
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Selain kinerja operasional, fokusPerseroan pada tahun 2002 adalahpada restrukturisasi keuangan danreorganisasi usaha. Melaluirestrukturisasi hutang, beban arus kasPerseroan menjadi lebih ringan danmemungkinkan fleksibilitas gerakPerseroan yang lebih leluasa, di masamendatang kami juga dapatmemperoleh peningkatan modalmelalui penawaran saham terbatasyang kami selesaikan pada akhirJanuari 2003. Dengan dukungan parapemegang saham, Perseroanmemperoleh dana Rp 1,4 triliunmelalui penerbitan saham baru untukmemperkuat struktur permodalanPerseroan. Secara keseluruhan,keberhasilan restrukturisasi hutangdan penerbitan saham baru tersebuttelah menempatkan Perseroan padaposisi keuangan yang lebih kokoh.
Perseroan berhasil menyelesaikanupaya reorganisasi usaha pada tahun2002 yang mencakup transaksi-transaksi berikut ini:
1. Astra, melalui PT AstratelNusantara, berhasil merealisasikanpengembalian investasi yang baikdalam bidang usahatelekomunikasi di PT Pramindo IkatNusantara kepada PT TelkomIndonesia dalam tiga tahapdimulai pada tahun 2002 danberlanjut sampai 2004. Astrateladalah anak perusahaan yangdimiliki sepenuhnya olehPerseroan dan bergerak di sektorinfrastruktur.
2. Penyuntikan tambahan modal olehDaihatsu Motor Co., Ltd diPT Astra Daihatsu Motor untukmeningkatkan daya saingDaihatsu di pasar bebas. Akibat
dari penambahan modal ini makakepemilikan Perseroan di AstraDaihatsu Motor terdilusi dari 50%menjadi 31,87%.
3. Divestasi PT Sumalindo LestariJaya Tbk di sektor usahaperkayuan agar Perseroan dapatlebih berkonsentrasi pada usahaintinya.
Langkah-langkah reorganisasi bisnistersebut menjadi suatu landasan yangkokoh bagi Perseroan dalammenghadapi persaingan bisnis yangakan semakin ketat di masamendatang.
PersiapanSalah satu faktor kunci bagi Perseroandalam menghadapi persaingan pasarbebas adalah dengan meningkatkan
“2002 ... a year of achievements ...and preparation for the future.....”
“2002 … adalah tahun keberhasilan ... dan persiapan untuk masa depan …”
In addition to the Company’s operational performance, our focus this past year has also centered on two mainareas: financial restructuring and business reorganization. By restructuring our debt, we have relieved the pressureon the Company’s cash flow situation and allowed for more flexibility in the future. We were also able to pursuean equity raising with a Rights Issue which was completed in late January 2003. With the support of theshareholders, we managed to raise Rp 1.4 trillion in new equity, resulting in a stronger capital base. Overall, withthe success of debt restructuring and the Rights Issue, Astra is in a much stronger financial position.
In 2002, Astra completed its main business reorganization involving the following transactions:
1. Astra, through PT Astratel Nusantara (a wholly owned subsidiary), was able to realize a good return on itsinvestment in the telecommunications business by selling its stake in PT Pramindo Ikat Nusantara toPT Telkom Indonesia in three phases, starting in 2002 and continuing through 2004.
2. In order to increase Daihatsu’s competitive advantage in the open market, Daihatsu Motor Co., Ltd injectednew capital into PT Astra Daihatsu Motor. As a result, Astra’s share was diluted from 50% to 31.87%.
3. Astra divested its entire wood based business interests, PT Sumalindo Lestari Jaya Tbk, to allow us toconcentrate on our core businesses.
All of these achievements allow Astra to establish a strong platform to face more competitive businessenvironments in the future.
PreparationLeveraging core competence in distribution and related areas is a key for Astra in facing the free market. Wehave taken several initiatives to strengthen our infrastructure system and the quality of our human resources inorder to continue as a major market player in the near future.
April 2002 marked the beginning of the AstraWorld program. AstraWorld is a major investment to cater to ourcustomers’ wide range of needs in fulfilling their automotive lifestyle. It will provide customers with comprehensiveautomotive services including product selection, purchase, finance and insurance, 24-hour call service, EmergencyRoadside Assistance, after-sales services, trade-in, and credit card services. We have also begun to maximizeefficiency within our organization by consolidating all of our back office operations and we are confident thatthese changes will increase Astra’s competitive advantage as we approach more competitive markets, especiallywith the implementation of AFTA.
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secara optimal kompetensi yangdimiliki di sektor distribusi dan bidang-bidang terkait. Perseroan telahmengambil langkah-langkah untukmemperkuat jaringan infrastrukturserta kualitas sumber daya manusiaagar dapat terus mempertahankanposisinya sebagai pemimpin dipasarnya di tahun-tahun mendatang.
Perseroan meluncurkan programAstraWorld pada bulan April 2002.AstraWorld merupakan investasi besarPerseroan untuk dapat memenuhiberagam kebutuhan pelangganotomotif Astra. Melalui AstraWorld,pelanggan Astra akan memperolehpaket jasa layanan otomotif yangkomprehensif mencakup pilihan danpembelian produk, pembiayaan danasuransi, layanan bengkel per telepon24-jam, ERA (Emergency RoadsideAssistance), layanan purna-jual,pembelian dengan tukar-tambah, danlayanan kartu kredit. Perseroan jugatelah mulai meningkatkan efisiensidengan cara mengkonsolidasikanadministrasi operasional. Perubahan-perubahan yang telah dilakukantersebut akan mampu meningkatkankeunggulan daya saing Perseroan dipasar yang lebih kompetitif, termasukpenerapan sistem pasar terbukaAFTA.
Perseroan terus mempertahankanstandar yang tinggi dalam aspekakuntabilitas, transparansi, kewajarandan tanggung jawab sesuai denganprinsip tata kelola perusahaan yangbaik. Selain melalui keberadaanKomite Audit, Komite Eksekutif, danKomite Remunerasi dan Nominasi,Perseroan telah membentuk RiskManagement Group untukmengidentifikasi dan mengevaluasiseluruh faktor risiko yang mungkintimbul di tiap lini organisasi mulai daritingkat korporasi, unit usaha, divisidan departemen. Direksi Perseroanpercaya bahwa komitmen pada tatakelola perusahaan terus berlanjut ditahun 2002.
Di sisi pengembangan masyarakat,Perseroan terus memberikankontribusinya melalui program-program pendidikan, penciptaanlapangan kerja, serta dukungan padapengusaha sektor UKM, fasilitaskeagamaan dan berbagai programsosial lainnya sesuai kebutuhanmasyarakat di lingkungan kami.Perseroan juga menggarisbawahiprestasi yang dicapai dalamimplementasi konsep Green Company.Seluruh perusahaan di kelompokusaha Astra menjalankan operasionalyang memenuhi standar lingkunganhidup, kesehatan dan keselamatan
kerja, sehingga mampu memberikandampak yang positif bagi masyarakatdi lingkungan Perseroan.
Perkenankanlah saya mewakili DireksiPerseroan mengucapkan terima kasihkepada Dewan Komisaris dan seluruhpemegang saham atas kerja samadan dukungan yang diberikan selamatahun 2002. Kepercayaan yang telahdiberikan tersebut mendukungkeyakinan kami bahwa Perseroantelah mengambil langkah-langkahyang tepat pada tahun lalu untukkepentingan semua pihak dilingkungan Grup Astra, saat ini dan dimasa mendatang. Direksi jugamengucapkan terima kasih untukkesetiaan, dedikasi dan kerja kerasseluruh jajaran karyawan di GrupAstra selama tahun 2002. Marilah kitaterus berkiprah bersama menujuprestasi dan kesuksesan dimasadepan.
Astra has always sought to maintain standards of accountability, transparency, fairness and responsibility incompliance with good corporate governance principles. In addition to Astra’s existing Audit Committee, ExecutiveCommittee, and Remuneration and Nomination Committee, Astra has established a Risk Management Groupto identify and evaluate any possible risks which might arise in all levels of the organization from corporate tobusiness units, within divisions or in departments. I am pleased to report that our commitment to Good CorporateGovernance continued in 2002.
In terms of community development within Indonesia, we continue to support the community through educationprograms, by creating job opportunities, and by helping small and medium enterprises, religious facilities andother programs as required by the community. Another important area that we are proud to highlight is theimplementation of the principles of Green Company in the Astra Group. We ensure that each company operatesits business in compliance with proper environment, safety and health conditions, as we are determined to havea positive influence on the communities in which we operate.
On behalf of the Board of Directors, I would like to express our gratitude to the Board of Commissioners and tothe shareholders for their support and cooperation in 2002. The faith and trust that you have shown gives usconfidence that the changes that have been made in the past year are positive and will benefit everyone in theAstra Group now and in the future. I would also like to thank all of the employees of Astra Group for theirloyalty, dedication and hard work in 2002. May we continue on the road of achievement and success.
Jakarta, April 2003
Budi SetiadharmaPresident Director / Presiden Direktur
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Management Report
Kinerja KeuanganPerekonomian Indonesia pada tahun2002 kembali mencatat pertumbuhanyang lamban, hanya sebesar 3,4%, ditengah ketidakpastian pemulihanekonomi global serta memburuknyaiklim investasi. Sektor pembelanjaankonsumen masih merupakanpenggerak utama pertumbuhanperekonomian, sementara investasibaru terus mengalami tekanan akibatsemakin berkurangnya kepercayaankalangan investor. Di lain pihak, upayareformasi struktural, kebijakanekonomi makro yang sehat sertakestabilan politik di bawahpemerintahan Presiden Megawatitelah berdampak positif terhadapmata uang rupiah, menyebabkanpenurunan suku bunga serta tingkatinflasi. Kurs rupiah membaik darikisaran Rp 10.400 per Dollar AS padatahun 2001 menjadi Rp 8.940 pada
tahun 2002, sementara suku bungaSertifikat Bank Indonesia (SBI)menurun dari 17,62% tahun 2001menjadi 12,99% tahun 2002.
Kondisi yang cukup baik tersebutmemberikan kontribusi terhadapmembaiknya kinerja Astra, yangberhasil membukukan penghasilanbersih sebesar Rp 30,7 triliun padatahun 2002, meningkat sebesar Rp 0,6triliun dari penghasilan bersih sebesarRp 30,1 triliun tahun 2001. Kenaikanini terutama diakibatkan olehkontribusi dari sektor sepeda motor,jasa keuangan dan agribisnis.
Penghasilan bersih Divisi Otomotifpada tahun 2002 sedikit menurunmenjadi Rp 25,4 triliun dari Rp 25,6triliun tahun 2001, hal ini disebabkanmenurunnya pendapatan dari
Financial PerformanceIndonesia underwent another year of slow growth in 2002, with the economy growing by only 3.4%amidst uncertainties over global economic recovery and the worsening investment climate. Economicgrowth in Indonesia was mainly led by consumer spending, with new investments continuing tosuffer from declining investor confidence. On the other hand, efforts at structural reforms, soundmacro-economic policies and a more stable political environment under the Megawati administrationhave had a positive impact on the rupiah, resulting in lower interest rates while at the same timereducing inflation rates. The exchange rate for rupiah to the US dollar improved from aroundRp 10,400 in 2001 to Rp 8,940 in 2002 while the Certificate of Indonesian Central Bank (SBI) rate hasdeclined from 17.62% in 2001 to 12.99% in 2002.
The generally favorable conditions during 2002 contributed to improved performance by Astra, whichbooked net revenues of Rp 30.7 trillion in 2002, up Rp 0.6 trillion from net revenues of Rp 30.1 trillionin 2001, with most of the increase coming from the sales of motorcycles, in Financial Services and inthe Agribusiness Division.
Net revenue from the Automotive Division in 2002 declined slightly to Rp 25.4 trillion, from Rp 25.6trillion in 2001, due to the decline in net revenue from the sale of automobiles and components. Thiswas partly offset by the increase in the sale of motorcycles. Unit sales of motorcycles jumped 54.2%from 932,178 units in 2001 to 1,437,068 units in 2002. The Company was able to sell 28.6% throughits own dealership network. Sales of Honda motorcycles by PT Astra Honda Motor reached its highestpoint ever in 2002, with a market share of 57.4% all motorcycle brands sold in the country, up from51.6% in the previous year.
Meanwhile, sales of automobiles by Astra Group declined from 138,192 units in 2001 to 135,740 unitsin 2002, with a corresponding decline in the Company’s domestic market share to 42.7%, from 46.1%in 2001. The decline in unit sales of automobiles by the Company can be attributed to the weakerdemand for diesel-engine cars, following the significant hike in diesel fuel prices in 2002, and theincreasing demand for mini-class vehicles, which are not a major part of the Company’s product line.
penjualan mobil dan komponen, yangdikompensasi oleh peningkatanpenjualan sepeda motor. Volumepenjualan sepeda motor meningkat54,2% dari 932.178 unit di tahun 2001menjadi 1.437.068 unit di tahun 2002.Perseroan menjual sebanyak 28,6%dari total penjualan tersebut melaluijaringan dealer Perseroan. Penjualansepeda motor Honda oleh PT AstraHonda Motor mencapai angkatertinggi pada tahun 2002, denganpeningkatan pangsa pasar dari 51,6%menjadi 57,4% dari seluruh mereksepeda motor yang dijual di pasardomestik.
Sementara itu, volume penjualan mobiloleh Grup Astra menunjukkan sedikitpenurunan dari 138.192 unit di tahun2001 menjadi 135.740 unit tahun2002, diikuti penurunan pangsa pasar
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Net RevenuesRp trillion
30
20
10
001
25.57
02Auto Non Auto
25.44
5.254.55
Operating ResultsRp trillion
4
2
001
0.88
02
2.62
1.67
2.81
Equity Income Operating Profit
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Laporan Manajemen
Revenues from the component division also declined due to the divestment of PT Adiwira Presisi Industri in
August 2002, as well as the sale of 1% ownership in PT GS Battery Inc. in 2001, reducing group ownership to
50%, so that the results are no longer consolidated into PT Astra Otopart’s 2002 financial statement.
Net revenues from the Financial Services Division rose in line with the increase in the sale of motorcycles.
The number of motorcycles financed grew by 58% from 268,816 units in 2001 to 424,713 units in 2002, which
compensated for the 13.1% decline in automobile financing to 56,194 units in 2002. Revenues from the
Agribusiness Division benefited from an increase in sales volume as well as from higher Crude Palm Oil (CPO)
prices during 2002. Sales volume of CPO grew 6.7% to 465,212 tonnes in 2002 compared to 436,087 tonnes
in 2001, while the average sales price of CPO rose 40.4% from Rp 2,192/kg to Rp 3,077/kg in 2002.
Gross profit in 2002 amounted to Rp 6.6 trillion, representing an increase of 17.1% from a gross profit of Rp 5.7
trillion in 2001. Gross profit margin also improved to 21.6% in 2002, compared with 18.8% in the previous
year. The improvement in gross profit margin was attributable to: a higher gross profit from the Automotive
Division due to lower costs for materials as a result of the stronger rupiah exchange rates relative to the US
dollar and Japanese yen; from the Agribusiness Division due to the higher CPO prices; and from the Financial
Services Division due to lower costs of funding as well as the increase in joint financing.
Operating expenses in 2002 grew by approximately 25.8% to Rp 3.8 trillion, from Rp 3.0 trillion during the
corresponding period in 2001. The increase in operating expenses largely reflected increases in advertising and
promotion costs, sales commissions paid and other expenses related to marketing activities undertaken in line
with increased market competition.
Operating profit in 2002 amounted to Rp 2.8 trillion, compared to Rp 2.6 trillion in 2001. The increase in
operating profit reflects the increase in operating margin from 8.7% to 9.2%, due to stronger operating results
from the Agribusiness and the Financial Services Division.
Equity in net income of affiliated companies rose to Rp 1.7 trillion in 2002, compared to Rp 875 billion in 2001,
or an increase of approximately 91%. The increase reflects the improved performance by PT Astra Honda
Motor, as well as the gain in foreign exchange translation at PT Astra Daihatsu Motor and PT United Tractors
Tbk, compared to a foreign exchange translation loss recorded the previous year.
domestik dari 46,1% menjadi 42,7%.Penurunan volume penjualan mobildisebabkan oleh melemahnyapermintaan akan kendaraan bermesindiesel menyusul kenaikan harga solaryang cukup substansial, sertameningkatnya permintaan untukkendaraan kecil yang bukanmerupakan produk utama Perseroan.
Pendapatan dari Divisi Komponenmengalami penurunan akibat divestasiPT Adiwira Presisi Industri pada bulanAgustus 2002, serta penjualan 1%kepemilikan saham di PT GS BatteryInc. di tahun 2001. Dengankepemilikan sebesar 50%, hasil-hasiloperasional PT GS Battery Inc. tidaklagi dikonsolidasikan ke dalamlaporan keuangan PT Astra OtopartsTbk tahun 2002.
Penghasilan bersih Divisi JasaKeuangan meningkat sejalan denganpeningkatan penjualan sepeda motor.Jumlah transaksi pembiayaanpembelian sepeda motor meningkat58% dari 268.816 unit di tahun 2001menjadi 424.713 unit tahun 2002,sementara transaksi pembiayaanpembelian mobil pada tahun 2002menurun 13,1% menjadi 56.194 unit.Penghasilan Divisi Agribisnismeningkat berkat kenaikan volumeproduksi maupun harga jual CPOpada tahun 2002. Volume penjualanCPO meningkat 6,7% menjadi 465.212ton tahun 2002, dibandingkan 436.087ton tahun 2001, sementara harga rata-rata CPO naik 40,4% dari Rp 2.192per kg menjadi Rp 3.077 per kg, padatahun 2002.
Laba kotor tahun 2002 adalah sebesarRp 6,6 triliun, meningkat 17,1% dariRp 5,7 triliun tahun 2001. Marjin labakotor meningkat menjadi 21,6% padatahun 2002 dibandingkan 18,8% padatahun sebelumnya. Kontribusipeningkatan marjin laba kotor berasaldari Divisi Otomotif akibat penurunanbiaya pembelian material produksisejalan dengan menguatnya Rupiahterhadap Dollar AS maupun YenJepang; dari Divisi Agribisnis akibatkenaikan harga jual CPO; serta dariDivisi Jasa Keuangan akibat biayapendanaan yang lebih rendah danpeningkatan pada pola pembiayaanbersama.
Beban usaha pada tahun 2002meningkat sebesar 25,8% menjadiRp 3,8 triliun, dari Rp 3,0 triliun tahun
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Financing Charges
1,500
Rp billion
500
0
(500)
(1,500)01
1,277
02
1,000985 892
(1,144)
Interest Expense
Loss / (Gain) onForex
(1,000)
Net IncomeRp billion
4,000
3,000
001
845
02
3,637
2,000
1,000
Net other income in 2002 amounted to Rp 1.3 trillion, against net other expenses of Rp 1.5trillion in 2001. The increase in other income is the result of lower interest expenses paid in2002 due to declining interest rates and lower debt liabilities, a gain in foreign exchangetranslation due to the more favorable rupiah/dollar exchange rate in 2002 and extraordinarygains on the Pramindo sale and the debt buyback in Surya Artha Nusantara Finance and FederalSuperior Chain Manufacturing.
Net income for Astra amounted to Rp 3.6 trillion in 2002, representing an increase ofapproximately 331% compared with net income of Rp 845 billion booked in 2001. This waslargely due to increases in operating profits, equity in net income of affiliated companies,foreign exchange translation gains and lower interest expense.
Debt Restructuring
Terms and ConditionsIn December 2002, a comprehensive debt restructuring plan was negotiated and approved bythe creditors. The terms and conditions of the plan are as follows:
Maturity Date : Series II – 1 year extension: Series III – no extension
Margin above SIBOR : 325 bps increasing by 25 bps per yearCreditor Control : monitoring remains with greater flexibilityCost : restructuring cost – 25 bpsSchedule of Payment: quarterlyAsset Sales Proceeds : before release date –75% for debt installment
: after release date – 60% for debt installment
If it is unable to refinance the outstanding debt before 30 June 2006, the Company has theoption to extend the due date for Series II and Series III until 30 June 2009. An additional feeof 112.5 bps will be paid to lenders for this extension.
2001. Peningkatan beban usahaterutama mencerminkan kenaikanpada pos biaya iklan dan promosi,komisi penjualan dan biayapemasaran lainnya seiring denganpersaingan pasar yang semakin ketat.
Laba usaha tahun 2002 adalahsebesar Rp 2,8 triliun, dibandingkanRp 2,6 triliun pada tahun 2001.Peningkatan laba usahamencerminkan peningkatan marjinusaha dari 8,7% menjadi 9,2%,disebabkan oleh kinerja yangmenguat dari Divisi Agribisnis danJasa Keuangan.
Bagian laba bersih perusahaan afiliasimeningkat sekitar 91% menjadi Rp 1,7triliun tahun 2002, dari Rp 875 miliartahun 2001. Peningkatan inidisebabkan oleh meningkatnya kinerjaPT Astra Honda Motor sertadibukukannya laba selisih kurs pada
PT Astra Daihatsu Motor danPT United Tractors Tbk, dibandingkandengan kerugian selisih kurs padatahun sebelumnya.
Perseroan membukukan pendapatanlain-lain bersih sebesar Rp 1,3 triliunpada tahun 2002, dibandingkanbeban lain-lain bersih sebesar Rp 1,5triliun tahun 2001. Hal ini disebabkanoleh beban keuangan yang lebihrendah akibat tingkat suku bungamaupun posisi hutang yang lebihrendah, pendapatan selisih kursakibat menguatnya Rupiah terhadapDollar AS, dan pendapatan daripenjualan Pramindo serta pembeliankembali hutang pada PT Surya ArthaNusantara Finance dan PT FederalSuperior Chain Manufacturing.
Laba bersih Astra mencapai Rp 3,6triliun pada tahun 2002, yaitumeningkat 331% dibandingkan laba
bersih tahun 2001 sebesar Rp 845miliar. Peningkatan ini terutamadisebabkan oleh peningkatan padalaba usaha, bagian laba bersihperusahaan afiliasi, pendapatanselisih kurs serta akibat biaya bungayang lebih rendah.
RestrukturisasiHutangKerangka RestrukturisasiPada bulan Desember 2002Perseroan berhasil menyelesaikannegosiasi penjadwalan hutangPerseroan, dan telah mendapatkanpersetujuan kreditur. Persyaratan dankondisi restrukturisasi hutang adalahsebagai berikut:
• Masa Jatuh Tempo : Seri II - satutahun perpanjanganSeri III - tidak ada perpanjangan
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Margins of Series II & IIISeri II Seri III
7.0%
6.0%
5.0%
3.0%
4.0%
2002 2003 2004 2005 2006
Series III Fixed Rate
6.50%
6.50%
6.50% 6.50%
6.50%7.0%
6.0%
5.0%
2.0%
4.0%
2002 2003 2004 2005
Series III Margin3.0%
4.00%
4.25%
4.50%
4.75%
Extension fee of1.125%
Restructuring fee of0.25%
5.0%
2002 2003 2004 2005 2006 2007 2008 2009
4.0%
3.0%
2.0%
2.75%
2.75%
3.75%
5.00% 5.00%
3.25%
3.50%3.75%
4.50%4.75%
1999 Series II Margins
2002 Series II Margins
Restructuring fee of0.25%
Extension fee of1.125%
4.00%4.25%
Debt AmortisationSchedule Series II & III
02
03
04
05
06
07
08
09
Seri II
YearDebt Restructurization (USD mio)
1999 2002
20% = 149
25% = 186
25% = 186
25% = 186
10% = 75
13% = 97
13% = 97
13% = 97
11.3% = 84
11.3% = 84
11.3% = 84
Remaining = 88
Refinancing
cut off
02
03
04
05
06
07
08
09
Seri III
YearDebt Restructurization (USD mio)
1999 2002
0
0
0
0
100% = 180
0
0
0
0
12.24% = 22
28.91% = 53
28.91% = 53
Remaining = 55
Refinancing
cut off
Monitoring by CreditorsUnder the new debt restructuring plan, monitoring by creditors will occur as follows:
• Cash Sweep mechanism
• Formation of an operational account under the title Supplementary Account with funds from
the new equity issuance, as well as from the company’s portion of the proceeds of assets sale.
The use of this account is at the discretion of the Company.
• Formation of a Mandatory Prepayment Account for assets sale proceeds. All funds in this
account will be allocated to the debt payment of Series II and III.
Capital ExpenditureUnder the 1999 plan, the maximum annual capital expenditure limit was USD 15 million. The
new plan will allow for up to USD 20 million to be released annually, except for 2003 when
USD 42 million will be the maximum figure.
Debt BuybackThe 2002 debt restructuring plan also allows for flexibility in any Company buy-back of Series II
and III with a discount. The funding for this can be sourced from the Supplementary Account
and the existing sinking fund for Series III payment. Prior to 30 June 2006, the Company may
decide which series of debt it would like to purchase. The Company must provide a progress
report regarding this debt buyback to Creditors.
• Marjin diatas SIBOR : 325 bpsmeningkat 25 bps per tahun
• Pengawasan Kreditur : Pengawasantetap dilakukan namun dengan lebihbanyak fleksibilitas
• Biaya : Biaya restrukturisasi - 25 bps• Jadwal Pembayaran : Secara
triwulanan• Hasil Penjualan Aset : Sebelum
release date - 75% untuk pelunasanhutangSetelah release date - 60% untukpelunasan hutang
Apabila Perseroan tidak dapatmembiayai kembali hutangnya padatanggal 30 Juni 2006, Perseroanmemiliki opsi untuk memperpanjangmasa jatuh tempo untuk hutang Seri IIdan Seri III sampai dengan 30 Juni2009, dengan biaya perpanjangansebesar 112,5 bps.
Pengawasan KrediturPengawasan oleh kreditur dilakukanmelalui:• mekanisme cash sweep• Pembentukan akun operasional
dengan nama SupplementaryAccount dengan sumber dana darihasil bersih penerbitan saham barudan bagian Perseroan dari hasilpenjualan aset. DanaSupplementary Account dapatdipergunakan sesuai kebijaksanaanPerseroan.
• Pembentukan akun dengan namaMandatory Prepayment Accountdengan sumber dana dari hasilbersih penjualan aset. Seluruhjumlah dana dalam akun inidiperuntukkan bagi pelunasanhutang Seri II dan Seri III.
Pengeluaran Barang ModalPada restrukturisasi tahun 1999,maksimum pengeluaran barang modal
adalah US$ 15 juta, sedangkan dibawah pola yang baru, diperbolehkanpengeluaran barang modal maksimumUS$ 20 juta setiap tahun, kecualiuntuk tahun 2003 dimanadiperbolehkan maksimum US$ 42 juta.
Pembelian Kembali HutangRestrukturisasi hutang tahun 2002juga memberikan fleksibilitas kepadaPerseroan untuk melakukanpembelian kembali hutang Seri II danSeri III dengan diskon terhadap nilainominalnya, sedangkan untuk sumberpendanaan dapat diambil dariSupplementary Account serta daridana sinking fund Seri III yang telahterbentuk. Sebelum 30 Juni 2006,Perseroan dapat menentukan hutangmana yang akan dibeli kembali.Pembelian kembali hutang ini harusdilaporkan kepada kreditur Perseroan.
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Milestones in 2002
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Launch of AstraWorld
On 8 February 2002, the Companylaunched the AstraWorld program,intended as a means of developing thecompany-customer relationship.AstraWorld will be a support facility forthe company’s distribution networks,providing more convenience tocustomers at all stages of theirtransaction, from choosing what to buy,to arranging payment, to getting after-sales service. The establishment ofAstraWorld is part of the Company’sstrategy to maintain its marketleadership, cultivate customer loyalty,and at the same time provide a potentialplatform for increased revenues. Amongsome of the AstraWorld servicescurrently in operation are the EmergencyRoadside Assistance program, thecustomer call center, credit card and otherservices.
Divestment of Pramindo
A Memorandum of Understanding wassigned between PT Astratel Nusantara(a subsidiary of the Company) andPT Telkom Indonesia (Telkom) on20 February 2002, concerning Telkom’s
purchase of Astratel’s 35% shareholdingin PT Pramindo Ikat Nusantara(Pramindo). Telkom will purchase all theshares (100% equity) in Pramindo with atransaction value of USD 381 million.The share purchase will be conducted inthree tranches, the first of which(involving 30% of Pramindo shares) wassettled in August 2002. The second andthird tranches of the transaction for 15%and 55% will be settled in 2003 and 2004.
Annual General Meeting ofShareholders
On 25 June 2002, the Company held itsAnnual General Meeting of Shareholders,which resulted in the followingresolutions:• Approval of the annual report and
ratification of the annual accounts forfiscal 2001.
• Approval of the appointment of themembers of the BOD and BOC of theCompany as mentioned in CorporateData section of this Annual Report.
• Approval of the appointment of thepublic accounting firm of Drs. HadiSutanto & Rekan to audit the financialstatements for the year 2002.
Daihatsu BusinessRestructuring
On 5 August 2002, Daihatsu Motor Co.,Ltd (DMC) signed an agreement to makea capital injection of Rp 427.5 billion inPT Astra Daihatsu Motor (ADM), whichwill be used to further developDaihatsu’s Indonesian business activitiesthrough ADM. Following the capitalinjection, the Company shareholding inADM was diluted from its present 50% to31.87%, while DMC shareholdingincreased from 40% to 61.75%.
Divestment of Sumalindo
As part of its long-term strategy to focuson its core businesses, on 19 August 2002the Company sold its entire 74.56%interest in PT Sumalindo Lestari Jaya Tbkto PT Sumber Graha Sejahtera for anaggregate sum of Rp 13.9 billion.
Peluncuran AstraWorld
Pada tanggal 8 Februari 2002, Perseroanmeluncurkan program AstraWorld sebagaisarana untuk lebih mendekatkan dirikepada pelanggan. AstraWorld dirancanguntuk menjadi sarana pendukung bagijaringan distribusi Perseroan, denganpelayanan yang lebih memberikankenyamanan pada konsumen danpelanggan di tiap tahap transaksi, mulaidari pemilihan dan pembelian kendaraansampai pada layanan purna-jual.AstraWorld merupakan bagian dari strategiPerseroan dalam rangka mempertahankanposisi kepemimpinan pasar dan kesetiaanpelanggan serta menyediakan potensitambahan untuk peningkatan pendapatan.Di antara bentuk pelayanan AstraWorldyang saat ini telah tersedia adalahEmergency Roadside Assistance, CallCenter, layanan kartu kredit dan beberapalainnya.
Divestasi Pramindo
Pada tanggal 20 Februari 2002 telahditandatangani Nota Kesepahaman antaraPT Astratel Nusantara (anak perusahaanPerseroan) dengan PT Telkom Indonesia(Telkom) berkaitan dengan pembelian 35%saham Astratel di PT Pramindo Ikat
Nusantara oleh Telkom, dimana Telkomakan membeli seluruh kepemilikan sahamPramindo (100% ekuitas) dengan nilaitransaksi keseluruhan sebesar US$ 381juta. Pembelian saham Astratel akandilakukan dalam tiga tahap dimana tahappertama (meliputi 30% saham Pramindo)telah diselesaikan pada bulan Agustus2002. Transaksi tahap kedua (15%) danketiga (55%) akan dilaksanakan masing-masing tahun 2003 dan 2004.
Rapat Umum PemegangSaham Tahunan
Rapat Umum Pemegang Saham (RUPS)tahunan Perseroan telah diselenggarakanpada tanggal 25 Juni 2002, denganbeberapa keputusan antara lain sebagaiberikut:• Menyetujui Laporan Tahunan dan
mengesahkan Perhitungan TahunanPerseroan untuk tahun buku 2001.
• Menyetujui pengangkatan anggotaDewan Komisaris dan Direksi Perseroanyang nama-namanya sebagaimanadisebutkan pada bagian Data Perseroandalam laporan tahunan ini.
• Menunjuk Kantor Akuntan PublikDrs Hadi Sutanto & Rekan untukmelakukan audit atas laporan keuanganPerseroan untuk tahun buku 2002.
RestrukturisasiBisnis Daihatsu
Pada tanggal 5 Agustus 2002, DaihatsuMotor Co., Ltd (DMC) telahmenandatangani perjanjian untukmelakukan penyuntikan modal senilaiRp 427,5 miliar kepada PT Astra DaihatsuMotor (ADM), untuk lebih memperkuat ADMdalam mengembangkan bisnis Daihatsu diIndonesia. Dengan penyuntikan modaltersebut, kepemilikan Perseroan di ADMterdilusi dari 50% menjadi 31,87%,sedangkan saham DMC meningkat dari40% menjadi 61,75%.
Divestasi Sumalindo
Sebagai bagian dari strategi jangkapanjang Perseroan untuk memfokuskanpada bisnis utamanya, pada tanggal 19Agustus 2002 Perseroan mendivestasikanseluruh sahamnya (74,56%) diPT Sumalindo Lestari Jaya Tbk kepadaPT Sumber Graha Sejahtera senilai Rp 13,9miliar.
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Awards 2002In 2002, Astra has demonstrated itsachievement as one of the bestmanaged corporations in Asiathrough several award winners.
Melalui beberapa penghargaan yangditerima di tahun 2002, Astra telahmenunjukkan keberhasilannya menjadisalah satu perusahaan terbaik di Asia.
e-Company Award 2002 TrophyThe 2nd E-Business Implementation in
Manufacturing Category
IMAC Award 2002 CertificateThe Best Corporate Image in
Automotive Category
200 Far Eastern Economic Review TrophyAsia’s Leading Companies 2002-2003
• Rank 1 for High Quality Services / Products• Rank 1 for Long Term Vision
• Rank 2 for Companies that Others Try to Emulate
Finance Asia Award 2002Asia’s Best Companies 2002
• Rank 1 for Best Investor Relations• Rank 1 for Strongest Commitment to
Enhancing Shareholder Value• Rank 1 for Company Most Committed to
Corporate Governance• Rank 2 for Best Managed Company
• Rank 2 for Best Financial Management
Investor Awards 2002The Best Listed Company in
Various Industry Sector
Jejak Langkah 2002
Debt Restructuring
On 12 December 2002, the Companyreceived the approval of its creditorscommittee for its debt restructuring plan.This restructuring resulted in:• a more favorable debt amortization
schedule• a lower interest rate margin• increased flexibility in capital
expenditure spending for operationaland business development
• increased flexibility in the use ofproceeds from asset disposal
• allowance of the disbursement ofdividends before release date
• increased flexibility in effecting adiscounted debt buy-back of its SeriesII and Series III debts.
Rights Issue
On 20 December 2002, the ExtraordinaryGeneral Meeting of Shareholders of theCompany approved the issue of newshares from the Company’s authorizedshare portfolio. The Rights Issue wascompleted in January 2003 and raisedtotal proceeds of Rp 1.405 trillion orapproximately USD 158 million (using anexchange rate of Rp 8,871 to USD 1).An additional 1,404,780,175 new shareshave been issued, bringing the totalissued shares to 4,013,658,116 from2,608,877,467.
The Rights Issue proceeds after deductionof costs will be allocated for thefollowing purposes:• Approximately 40% of the net
proceeds will be available to meetprincipal and interest payments.
• 26% will be available for additionalinvestment in United Tractors.
• 34% will be available for workingcapital, capital expenditure and debtrepurchases at a discount.
RestrukturisasiHutang Perseroan
Pada tanggal 12 Desember 2002 Perseroantelah memperoleh persetujuan dari parakrediturnya untuk merestrukturisasihutangnya. Hasil dari restrukturisasi hutangini adalah:• jadwal amortisasi hutang yang lebih
terjangkau• suku bunga yang lebih rendah• fleksibilitas pendanaan barang modal
untuk pengembangan operasi dan usahaPerseroan
• fleksibilitas dalam penggunaan danahasil penjualan aset
• Memungkinkan pembayaran dividensebelum tanggal ”Release Date”
• fleksibilitas dalam melakukan pembeliankembali hutang Seri II dan Seri IIIdengan diskon.
Penawaran Umum Terbatas II
Pada tanggal 20 Desember 2002, RapatUmum Pemegang Saham Luar BiasaPerseroan telah menyetujui PenawaranUmum Terbatas II (“PUT II”) dalam rangkapenerbitan Hak Memesan Efek Terlebih
Dahulu (HMETD). Pelaksanaan PUT IIdilakukan pada bulan Januari 2003 dimanaterkumpul dana sebesar Rp 1,405 triliunatau setara sekitar US$ 158 juta (dengankurs Rp 8.871/US$). Berdasarkan PUT IItelah diterbitkan 1.404.780.175 sahambiasa atas nama, sehingga jumlah sahamyang dikeluarkan Perseroan bertambahdari semula sebanyak 2.608.877.467saham menjadi sebanyak 4.013.658.116saham.
Seluruh dana yang diperoleh dalam PUT IIsetelah dikurangi dengan biaya-biaya emisiakan digunakan untuk keperluan sebagaiberikut :• Sekitar 40% dari dana bersih (net
proceeds) dicadangkan untukmembayar hutang pokok Perseroanbeserta bunga;
• Sekitar 26% dari dana bersihdicadangkan untuk penambahanpenyertaan pada PT United Tractors Tbksesuai dengan peraturan pasar modalyang berlaku.
• Sekitar 34% akan tersedia untukkebutuhan modal kerja, pengeluaranbarang modal dan pembelian kembalihutang dengan diskon.
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As part of the Company’s policy to improve performance and maximise corporate value, it has always endeavoured
to implement good corporate governance principles in compliance with current standards and regulations. The
Board of Directors and the Board of Commissioners are expected to perform their duties and functions
professionally, transparently and responsibly with due consideration of the interests of the Company, its
shareholders and stakeholders.
The Company has established several committees and organization functions which are charged with improving
the effectiveness of corporate governance activities, including the Audit Committee, the Remuneration and
Nomination Committee, the Executive Committee, the Risk Management Group and the Internal Audit
Department.
As part of the focus on good corporate governance principles, in 2001 the Company revised the 1985 edition
of its Guidelines on Business and Work Ethics. This book sets out the ethical principles to be followed by the
Company and its employees, including in dealing with third parties. By implementing business and work ethics,
the Company requires that all of its employees be professional and responsible in their support of the Company’s
interaction with the public.
The Company conducted a survey at the end of 2002 to determine the effectiveness of controls, the extent of
business and work ethics compliance, environment, health and safety regulations (“EHS”) compliance, and the
fair treatment of employees in the Astra Group. The survey confirmed that all of these policies have been
properly implemented, with a strong commitment throughout the Group . A number of business units have also
received ISO certification confirming the quality of their operational procedures.
The focus on green company activities at Astra continued in 2002 with improvement programs and EHS training
for Person and Executive-In-Charge. The Company also produced a Guide Book on Management of Green
Companies, which is available to the public.
During 2002, the Board of Directors held regular weekly meetings, while the Board of Commissioners met 4times, and 2 general meetings of shareholders (“GMOS”) were held. The Board of Directors and Board of
Commissioners together made strategic decisions on corporate actions on such matters as debt restructuring,
rights issues, business restructuring and divestment.
Sebagai bagian dari kebijakanformal Perseroan dalam rangkameningkatkan kinerja sertamemaksimalkan nilai perusahaan,Perseroan senantiasa menerapkanprinsip tata kelola perusahaan sesuaidengan standar dan peraturan yangberlaku. Direksi dan Dewan KomisarisPerseroan melakukan tugas danfungsinya secara profesional, terbukadan bertanggung jawab, serta denganmemperhatikan kepentinganPerseroan, pemegang saham danpihak-pihak yang berkepentinganlainnya (stakeholder).
Dalam rangka meningkatkanefektivitas tata kelola perusahaanyang baik, Perseroan telahmembentuk beberapa komite maupununit fungsional seperti Komite Audit,Komite Remunerasi dan Nominasi,Komite Eksekutif, Grup ManajemenRisiko dan Departemen Audit Internal.
Pada tahun 2001, Perseroan telahmelakukan revisi atas buku PedomanEtika Bisnis dan Etika Kerja yangpertama kali dikeluarkan pada tahun
1985. Buku ini mengatur prinsip-prinsip etis bagi Perseroan danseluruh karyawannya, termasuk dalamberinteraksi dengan pihak ketiga.Dengan menerapkan etika bisnis dankerja yang baik, diharapkan perilakuyang profesional dan bertanggungjawab dari seluruh karyawanPerseroan dalam mendukung interaksiPerseroan dengan masyarakat.
Di penghujung tahun 2002, Perseroanmengadakan suatu survei untukmeneliti efektivitas fungsi kontrol,kepatuhan terhadap etika bisnis danetika kerja, kepatuhan terhadapperaturan di bidang lingkungan hidup,kesehatan dan keselamatan kerja(LH&K3) serta perlakuan yang wajarterhadap karyawan di Grup Astra.Hasil dari survei tersebutmengkonfirmasikan bahwa seluruhkebijakan tersebut telah diterapkandengan penuh komitmen dilingkungan kelompok perusahaanAstra. Beberapa unit usaha juga telahmemperoleh sertifikasi ISO yangmencerminkan kualitas operasionalmereka.
Fokus pada kegiatan dalam rangka“Green Company” terus berlanjut ditahun 2002 melalui program-programpeningkatan kualitas dan pelatihanLH&K3 untuk Person-in-Charge danExecutive-in-Charge. Perseroan jugamenerbitkan buku PanduanPengelolaan Green Companies, yangjuga tersedia untuk umum.
Selama tahun 2002, rapat Direksidiadakan setiap minggu secarateratur, sementara rapat DewanKomisaris diadakan sebanyak empatkali, dan Rapat Umum PemegangSaham (RUPS) diadakan dua kali.Direksi Perseroan dan DewanKomisaris bersama-sama mengambilkeputusan yang bersifat strategismengenai tindakan korporasi sepertirestrukturisasi hutang, penerbitansaham baru, restrukturisasi usaha dandivestasi usaha.
Jumlah gaji dan remunerasi lain yangditerima oleh anggota Direksi danDewan Komisaris Perseroan dan anakperusahaan pada tahun 2002mencapai Rp 155 miliar.
Corporate Governance
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Tata Kelola Perusahaan
Dalam RUPS yang diadakan tanggal25 Juni 2002, telah diputuskanpengangkatan Bpk. T.P. Rachmat,Bpk. Benny Subianto, Ibu Sri MulyaniIndrawati, Bpk. Benjamin ArmanSuriadjaya dan Bpk. JuwonoSudarsono sebagai KomisarisIndependen.
Dewan Komisaris Perseroanmembawahi beberapa komitesebagai berikut:
1. Komite Remunerasi danNominasiKomite Remunerasi dan Nominasimengadakan pertemuan secaraberkala untuk menetapkankebijakan mengenai remunerasi,formulasi bonus dan pembagiantugas di antara anggota Direksi.Komite ini juga mengkaji pejabateksekutif (selain Direksi) Perseroanyang memiliki potensi. Saat ini,Komite Remunerasi dan Nominasidiketuai oleh Bpk. Philip Eng,dengan Bpk. Anthony Nightingale,
Ibu Vimala Menon,Bpk. T.P. Rachmat, Bpk. BudiSetiadharma dan Bpk. Michael D.Ruslim sebagai anggota.
2. Komite EksekutifKomite Eksekutif mengadakanpertemuan bulanan untukmengkaji berbagai keputusanbisnis utama yang harus diambiloleh Perseroan dan memerlukanpersetujuan Dewan Komisaris.Komite juga melakukan pengkajianterhadap kinerja keuangan danoperasional dari Perseroan danGrup Astra secara umum, sertamemeriksa anggaran tahunan danrencana usaha triwulananPerseroan. Saat ini, KomiteEksekutif diketuai oleh Bpk. PhilipEng, dengan Bpk. AnthonyNightingale, Ibu Vimala Menon,Bpk. Neville Venter,Bpk. T.P. Rachmat, Bpk. BudiSetiadharma, Bpk. Michael D.Ruslim, Bpk. Kour Nam Tiang danBpk. John Slack sebagai anggota.
3. Komite AuditKomite Audit saat ini diketuai olehBpk. Benny Subianto dengananggota Bpk. Jusuf Halim danBpk. Patrick Alexander. KegiatanKomite Audit diperinci tersendiridalam bab Komite Audit.
Selama tahun 2002, Perseroanmengadakan masing-masing satu kaliacara Analyst Gathering, PaparanPublik dan lokakarya dengan jurnalispeliput pasar modal. Perseroan jugaikut serta pada suatu forum investordi Hong Kong pada bulan Mei 2002.
Informasi mengenai Perseroan dapatdiperoleh melalui situs webwww.astra.co.id, termasuk laporantahunan tahun-tahun sebelum ini,siaran pers dan lain-lain informasipenting mengenai Perseroan.
In 2002, the Board of Directors and the Board of Commissioners of the Company and its subsidiaries received a
total of Rp 155 billion in salaries and other forms of compensation.
At the Annual GMOS held on 25 June 2002, Mr. T.P. Rachmat, Mr. Benny Subianto, Ms. Sri Mulyani Indrawati,
Mr. Benjamin Arman Suriadjaya and Mr. Juwono Sudarsono were appointed as Independent Commissioners.
The Board of Commissioners contains several committees:
1. Remuneration and Nomination CommitteeThe Remuneration and Nomination Committee holds periodic meetings to set the remuneration policy, and
determine the bonus formula and the distribution of duties among the members of the Board of Directors.
It also reviews potential executives (excluding Directors) of the Company. The current Remuneration and
Nomination Committee is chaired by Mr. Philip Eng and includes Mr. Anthony Nightingale, Ms. Vimala
Menon, Mr. T.P. Rachmat, Mr. Budi Setiadharma and Mr. Michael D. Ruslim.
2. Executive CommitteeThe Executive Committee holds monthly meetings to review major business decisions to be taken by the
Company that require Board of Commissioners’ approval. It also reviews the operational and financial
performance of the Company and Astra Group in general, and inspects the annual budget and quarterly
outlook of the Company. The current Executive Committee is chaired by Mr. Philip Eng and includes
Mr. Anthony Nightingale, Ms. Vimala Menon, Mr. Neville Venter, Mr. T.P. Rachmat, Mr. Budi Setiadharma,
Mr. Michael D. Ruslim, Mr. Kour Nam Tiang and Mr. John Slack.
3. Audit CommitteeThe current Audit Committee is chaired by Mr. Benny Subianto and includes Mr. Jusuf Halim and Mr. Patrick
Alexander. The activities of the Audit Committee are set out separately in the section of Audit Committee.
The Company, during 2002, held an Analysts Gathering, a Public Exposé and a workshop with capital market
journalists. The Company also participated in an investor forum held in Hong Kong in May 2002.
Information on the Company is available at www.astra.co.id. Previous annual reports, press releases and other
important information about the Company are available at this site.
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Agribusiness revenue increased
significantly by
from Rp 1.42 trillion in 2001 to Rp 2.03
trillion in 2002.
Pendapatan Divisi Agribisnis meningkat
signifikan sebesar 43,3% dari Rp 1,42
triliun di tahun 2001 menjadi Rp 2,03 triliun
di tahun 2002.
Business Segment Information
Net Income for Each DivisionLaba Bersih per Divisi
64.3%Automotive Division
15.6%
4.3%
Financial Services Division
4.3%Agribusiness Division
1.5%IT Division
10.0%Infrastructure Division & Others
54.2%The sales of motorcycle increased by
The Company’s consolidated net profit
increased significantly by
from Rp 845 billion in 2001 to
Rp 3.6 trillion in 2002.
Laba bersih Grup Astra mencapai kenaikan
sebesar 331% dari Rp 845 miliar ditahun
2001 menjadi Rp 3,6 triliun di tahun 2002
The Company’s consolidated revenue
achieved
Rp 30.7 trillionin 2002, or increase by Rp 0.6 trillion
compare to last year, with main
contribution from motorcycle,
financial services, and agribusiness.
Penjualan bersih konsolidasian Perseroan di
tahun 2002 mencapai Rp 30,7 triliun atau
mengalami kenaikan sebesar Rp 0,6 triliun
dibanding tahun 2001, dengan kontribusi
utama dari sektor sepeda motor, jasa
keuangan dan agribisnis.
Divisional Revenue 2002(Rp trillion)
Heavy Equipment Division
from total of 932,178 units sold in
2001 to 1,437,068 units in 2002, which
was the highest achievement ever of
Astra motorcycle division.
Penjualan sepeda motor mengalami
kenaikan sebesar 54,2% dari 932.178
unit di tahun 2001, menjadi 1.437.068
ditahun 2002, yang merupakan angka
pencapaian tertinggi yang pernah dicapai
grup sepeda motor selama ini.
34.5%
Financial Services revenue increased
from Rp 1.23 trillion in 2001 to Rp 1.65
trillion in 2002, or an improvement of
43.3%Pendapatan Divisi Jasa Keuangan
meningkat dari Rp 1,23 triliun di tahun 2001
menjadi Rp 1,65 triliun di tahun 2002, atau
peningkatan sebesar 34,5%.
25.44 (82.9%)Automotive
2.03 (6.6%)Agribusiness
0.83 (2.7%)InformationTechnology
1.65 (5.4%)Financial Services
0.30 (1.0%)Heavy Equipment0.42 (1.4%)
Woodbased
0.02 (0.1%)Others
331%
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Revenues / Penghasilan Bersih
Informasi Segmen Bisnis
98
99
00
01
02
Automotive / Otomotif
7,090
11,015
24,737
25,567
25,435
Rp billion / miliar0 5,000 10,000 15,000 20,000 25,000 30,000
98
99
00
01
02
Information Technology / Teknologi Informasi
1,298
1,340635
714
829
Rp billion / miliar0 250 500 750 1,000 1,5001,250
98
99
00
01
02
Agribusiness / Agribisnis
850
937
1,141
1,417
2,031
Rp billion / miliar0 500 1,000 1,500 2,000 2,500
98
99
00
01
02
Heavy Equipment / Alat Berat *160
202
251
292
299
Rp billion / miliar0 100 200 300 400
98
99
00
01
02
Financial Services / Jasa Keuangan
1,080
537
815
1,228
1,651
Rp billion / miliar0 500 1,000 1,500 2,000
* PT Traktor Nusantara only
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26 Automotive
Division1
The Automotive Division represents the corebusiness of PT Astra International Tbk,contributing approximately 83% of Astra’s totalconsolidated revenue in 2002. The group isengaged in the production, sales anddistribution of four and two-wheeled motorvehicles and motor vehicle components, as wellas in providing after-sales service andmaintenance services for every product offered.
Divisi Otomotif merupakan bisnis utama PT AstraInternational Tbk, dengan kontribusi sekitar 83% daritotal pendapatan konsolidasi Perseroan pada tahun2002. Bidang usaha Divisi Otomotif mencakup aktivitasmanufaktur, penjualan dan distribusi kendaraanbermotor roda dua dan roda empat dan komponennya,serta layanan purna-jual dan pemeliharaan bagi setiapproduk yang ditangani.
“Earnings increased by 40% ... mainly driven by excellent motorcycle performance”
“Penghasilan meningkat sebesar 40% … terutama melalui kontribusi dari grup sepeda motor”
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The Automotive Division recorded net revenues of Rp 25.4 trillion, accounting for 83% of the company’s
consolidated revenues in 2002, compared to net revenues of Rp 25.6 trillion in 2001. In terms of unit sales, the
company registered a strong 54.2% growth in motorcycle sales to 1.4 million units, while automobile sales
declined slightly to 135,740 units from 138,192 units in 2001, due to the drop in sales of diesel fueled vehicles,
and increasing competition.
At year-end 2002, total network for automobiles and motorcycles stood at 376 and 282 respectively, of which
the Company owned 147 and 40 branches.
The Company has also initiated the “AstraWorld” program, designed to enhance service quality and achieve
greater customer satisfaction. By the end of 2002, over 46,000 customers have already enjoyed the benefits
from the AstraWorld membership programs.
Pada tahun 2002, Divisi Otomotifmembukukan pendapatan bersihsebesar Rp 25,4 triliun, yangmerupakan 83% dari pendapatankonsolidasi Perseroan pada tahuntersebut. Pendapatan bersih Otomotifpada tahun 2001 adalah Rp 25,6triliun. Volume penjualan sepedamotor meningkat pesat sebesar 54,2%menjadi 1,4 juta unit, sementarapenjualan mobil sedikit menurunmenjadi 135.740 unit dari 138.192 unit
pada tahun 2001, disebabkan olehmenurunnya pasar mobil bermesindisel serta meningkatnya persaingan.
Hingga akhir tahun 2002, jumlahkantor cabang untuk mobil dansepeda motor adalah masing-masing376 dan 282, dimana Perseroanmemiliki 147 kantor cabang untukmobil dan 40 kantor cabang untuksepeda motor.
Perseroan juga telah meluncurkanprogram “AstraWorld” guna lebihmeningkatkan kualitas layanan demikepuasan pelanggan. Pada akhirtahun 2002, lebih dari 46.000konsumen produk Perseroan telahmenikmati berbagai kemudahanmelalui keanggotaan program-program AstraWorld.
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Grup MobilPasar penjualan mobil domestik padatahun 2002 hanya meningkat sedikitmenjadi 317.761 unit, dibandingkan299,629 unit tahun sebelumnya.Pertumbuhan pasar pada tahun 2002dipengaruhi antara lain oleh kebijakankenaikan harga BBM oleh pemerintah.Kenaikan harga solar dari Rp 600menjadi Rp 1.550 per liter terutamatelah berdampak pada penjualanmobil bermesin disel, dimanaPerseroan memiliki pangsa pasaryang cukup besar.
Total volume penjualan mobil olehPerseroan pada tahun 2002 adalah135.740 unit, sedikit menurundibandingkan 138.192 unit tahunsebelumnya. Hal ini berdampak padamenurunnya penjualan bersih dariRp 20,6 triliun tahun 2001 menjadiRp 19,7 triliun tahun 2002.
Penjualan mobil Toyota Kijangbermesin disel berkurang sebanyak9.100 unit, tetapi dikompensasi olehpeningkatan sebanyak 12.260 unitpada penjualan Kijang berbahanbakar bensin, sehingga secara
keseluruhan penjualan Toyotameningkat dari 80.144 unit pada tahun2001 menjadi 84.313 unit tahun 2002.PT Toyota Astra Motor sebagaiperusahaan manufaktur dandistributor tunggal merek Toyota telahmencapai prestasi yangmengesankan di sisi produk maupunlayanan. Model Toyota Camry danKijang memperoleh penghargaanmasing-masing sebagai “IndonesianCar of the Year” dan “Best MPV Car”dari majalah Mobil Motor. ToyotaKijang juga memperoleh “BestCustomer Satisfaction” untuk kategori
Automobile Group
The domestic market for automobiles in 2002 increased marginally to 317,761 units sold, compared to 299,629
units in 2001. Among the factors affecting market growth in 2002 were the fuel price hikes instituted by the
government. In particular, the steep increases in diesel fuel from Rp 600 to Rp 1,550 per liter has affected
demand for diesel-engine vehicles, of which the Company has a substantial market share.
Total unit sales by the company in 2002 were 135,740 units, slightly down compared to 138,192 units in the
previous year. This led to a corresponding decline in net sales revenue from Rp 20.6 trillion in 2001 to Rp 19.7
trillion in 2002.
Sales of Toyota Kijang diesel-engines declined by 9,100 units. This was offset, however, by the increase in sales
of gasoline-engine models of 12,260 units, resulting in an overall increase in Toyota sales to 84,313 units, from
80,144 units in 2001. PT Toyota-Astra Motor, Toyota’s manufacturing and sole distributor company, has achieved
an outstanding performance in products and services. The Toyota Camry and Kijang were recognized as
“Indonesian Car of the Year” and “Best MPV Car” respectively by Mobil Motor Magazine. Moreover, Toyota
Kijang was also awarded as “Best Customer Satisfaction” in the non-sedan category by Indonesian Customer
Satisfaction Award.
Isuzu, which sells only diesel-engine models, recorded a drop in sales from 31,299 units in 2001 to 26,335 units
in 2002. Daihatsu sales were relatively stable at 20,288 units, compared to 20,587 units in 2001. Sales of BMW
and Peugeot went down to 2,013 units and 1,691 units respectively, from 2,758 units and 2,204 units in the
previous year, in line with the downward trend in market demand for passenger cars in 2002, combined with
increased competition.
In 2002, the Company introduced several new models to its line of products, including a new Dyna truck, a new
Camry, the new Peugeot 307 and BMW series 7, as well as making modifications to the Toyota Kijang models.
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non-sedan pada penghargaan“Indonesian Customer SatisfactionAward”.
Merek Isuzu, yang hanya menjualmodel-model bermesin disel,mencatat penurunan penjualan dari31.299 unit tahun 2001 menjadi26.335 unit tahun 2002. Penjualanmerek Daihatsu relatif stabil dengan20.288 unit tahun 2002 dibandingkan20.587 unit tahun 2001. Penjualanmerek BMW menurun dari 2.758menjadi 2.013 unit, sementara merek
“... peningkatan harga bahan bakar solarmengakibatkan perubahan pangsa pasar Astra”
Sales Unit
Toyota maintained its leading market share of 26.5%.01
0280,144
84,313TOYOTA
0 25,000 50,000 75,000 100,000
Isuzu’s market share decreased from 10.4% in 2001 to8.3% in 2002.
01
0231,299
26,335ISUZU
0 8,000 16,000 24,000 32,000
Although Daihatsu Taruna sales volume decreased,it still dominated the SUV class.
01
0220,587
20,288DAIHATSU
0 8,000 16,000 24,000
Lower demand in passenger class resulted in a declinein BMW sales.
01
022,758
2,013BMW
0 700 1,400 2,100 2,800
Lower demand in passenger class market resulted indecline in Peugeot sales.
01
022,204
1,691PEUGEOT
0 500 1,000 1,500 2,500
Sales volume was relatively stable.01
021,200
1,100NISSAN DIESEL
0 350 700 1,050 1,400
2,000
“... diesel fuel cost hikes significantly affectedAstra’s market share”
Brand Branch & Dealer
ToyotaIsuzuDaihatsuBMWPeugeotNissan Diesel
Total
Honda
112104110
72419
376
282
Peugeot menurun dari 2.204 menjadi1.691 unit, seiring dengankecenderungan menurunnyapermintaan pasar untuk mobilpenumpang di tahun 2002, sertapersaingan pasar yang semakin ketat.
Perseroan memperkenalkan beberapatambahan pada lini produknya ditahun 2002, antara lain truk Dynadan Toyota Camry model baru,Peugeot 307 dan BMW Seri 7,dan beberapa modifikasi padamodel-model Toyota Kijang.
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Pasar EksporPenjualan ekspor pada tahun 2002meningkat menjadi Rp 1,82 triliun,dibandingkan Rp 1,54 triliun padatahun 2001, terutama disebabkan olehmeningkatnya penjualan mobil dankomponen Toyota ke Malaysia, Taiwandan Vietnam. Ekspor kendaraanToyota Kijang dalam bentuk CBU(completely built up) meningkat dari144 unit menjadi 183 unit, sementaraekspor unit CKD (completely knockeddown) menurun dari 38.185 menjadi35.970 unit (tidak termasuk bagian
komponen) pada tahun 2002. Selainitu, sebanyak 19.557 unit mesin 7Kdan 6.000 unit mesin 5K telahdi ekspor pada tahun 2002,dibandingkan 20.300 dan 5.880 unitmasing-masing pada tahun 2001.
Di tahun 2002 Perseroan jugamelakukan ekspor komponen merekIsuzu senilai Rp 279 miliar ke Filipina,dan komponen merek Daihatsu senilaiRp 68 miliar ke Vietnam dan Malaysia.Ekspor komponen Isuzu dan Daihatsudi tahun 2001 tercatat masing-masingRp 265 miliar dan Rp 64 miliar.
Market by Brand
20010%
25%
50%
75%
100%
2002
26.7%
22.1%
17.7%
10.4%
6.9%
7.2%
26.5%
23.7%
20.0%
8.3%
6.4%
6.7%
Toyota
Mitsubishi
Suzuki
Isuzu
Daihatsu
HondaHyundaiKIA
Others
2.2%3.0%3.8%
1.7%2.6%4.1%
Export Markets
Export sales in 2002 increased to Rp 1.82 trillion, compared to Rp 1.54 trillion in 2001, and was driven primarily
by the strong sales of Toyota cars and components to Malaysia, Taiwan and Vietnam. Exports of Toyota Kijang
in CBU increased from 144 to 183 units and in CKD form declined from 38,185 to 35,970 units (excluding in
component parts) in 2002. In addition, 19,557 units of Toyota’s 7K and 6,000 units of 5K engine blocks were
shipped in 2002, compared to 20,300 units and 5,880 units in 2001.
In 2002, the Company also exported Rp 279 billion worth of Isuzu components to Philippines, and
Rp 68 billion worth of Daihatsu components to Vietnam and Malaysia. Export sales of Isuzu and Daihatsu
components were Rp 265 billion and Rp 64 billion in 2001.
Domestic Car Market
2001264,441 Units
35,188 Units
2002291,080 Units
26,714 Units
Passenger Car Commercial Car
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Motorcycle Group
The strong growth in the domestic motorcycle market continued in 2002, with total sales of all
motorcycles reaching 2.5 million units, up 39% from 1.8 million units sold in 2001. Sales of
Honda motorcycles, the sole brand carried by Astra, were 1.4 million units in 2002, representing
a 57% market share.
The “Honda Supra Series” remained the most popular product in 2002 while two new models
in the 125 cc class - Honda “Karisma” and Honda “Kirana” - were introduced in August and
October, adding to the range of Honda motorcycle models sold in Indonesia.
Honda’s dominant market share in Indonesia reflects product quality and a successful pricing
strategy. In addition, Honda maintains an extensive service network throughout the country.
At year-end 2002, these include some 959 sales outlets, 1,911 service stations and 3,121 spare
part shops.
Astra Honda Motor maintained its reputation as an outstanding company by being recognized
with the “2002 Indonesian Best Brand Award” (IBBA) from Market Research Specialist (MARS)
and SWA magazine.
Grup Sepeda MotorPertumbuhan yang pesat di pasarsepeda motor domestik terus berlanjutdi tahun 2002, dengan total volumepenjualan sepeda motor dari semuamerek mencapai 2,5 juta unit,meningkat 39% dari 1,8 juta unit ditahun 2001. Penjualan merek Honda,satu-satunya merek sepeda motoryang ditangani Perseroan, tercatatsebesar 1,4 juta unit pada tahun 2002,atau 57% dari total pasar sepedamotor.
Seri produk Honda Supra masihmenjadi pilihan yang paling populer ditahun 2002, sementara dua produkbaru di kelas 125 cc yaitu HondaKarisma dan Honda Kiranadiluncurkan masing-masing bulan
Agustus dan Oktober 2002,menambah ragam produk sepedamotor Honda di Indonesia.
Dominasi merek Honda di pasarsepeda motor di Indonesiamencerminkan kualitas produk yangbaik dan strategi harga yang berhasil.Selain itu, Honda memiliki jaringanlayanan yang luas di seluruhIndonesia, yang sampai dengan akhirtahun 2002 mencakup 959 outletpenjualan, 1.911 bengkelpemeliharaan dan 3.121 toko sukucadang.
PT Astra Honda Motor memperolehpenghargaan “Indonesian Best BrandAward 2002” dari Market ResearchSpecialist (MARS) dan majalah SWA.
Motorcycle by Brand
“Gain in market share to 57% … highest ever sales volume”
57.4Honda
14.1Yamaha
17.6Suzuki
8.5Others
(Non AISI)
1.8Kawasaki
0.4Kymco0.2
Vespa
Honda Sales
1,000,000
800,000
600,000
400,000
200,000
02001 2002
932,
178
1,43
7,06
8
1,400,000
1,200,000
1,600,000
“Pangsa pasar meningkat menjadi 57% …mencapai rekor volume penjualan tertinggi”
Units
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Grup KomponenKinerja grup komponen di bawahPT Astra Otoparts Tbk (AOP) padatahun 2002 relatif stabil denganpenjualan bersih sebesar Rp 2.063miliar, dibandingkan Rp 2.097 miliartahun 2001. Penjualan suku cadangdan komponen OEM (OriginalEquipment Manufacturer) di pasardomestik tumbuh 14,4% menjadi
Rp 633 miliar, sementara penjualankomponen pengganti di pasardomestik meningkat 5,8% menjadiRp 1.026 miliar, pada tahun 2002.Penjualan ke pasar ekspor sementaraitu menurun menjadi Rp 403 miliartahun 2002, dari Rp 575 miliar tahun2001, terutama disebabkan olehdivestasi unit usaha kamera padabulan Agustus 2002.
Dilihat dari segmen usaha, kontribusisegmen perdagangan adalah sebesarRp 1.091 miliar, atau 52,9% dari totalpenjualan pada tahun 2002,dibandingkan Rp 1.207 miliar atau57,6% dari total penjualan di tahun2001. Segmen manufaktur mencatatpenjualan sebesar Rp 972 miliar atau47,1% dari total penjualan tahun 2002,dibandingkan Rp 890 miliar atau42,5% dari total penjualan pada tahun2001.
“Further develop retail and independent manufacturing ...”
Component Group
PT Astra Otoparts Tbk (AOP), the flagship company of Astra’s component group, showed a relatively stable
performance in 2002 with net sales of Rp 2,063 billion, compared to net sales of Rp 2,097 billion in 2001.
Domestic sales of OEM (Original Equipment Manufacturer) parts and components grew 14.4% to Rp 633
billion, while sales of replacement parts in the domestic market increased by 5.8% to Rp 1,026 billion in 2002.
Export sales on the other hand declined to Rp 403 billion in 2002, from Rp 575 billion in 2001, mainly due to the
divestment of the company’s camera division in August.
In terms of business segments, sales from trading activities contributed Rp 1,091 billion or 52.9% of total sales
in 2002 compared to Rp 1,207 billon or 57.6% of total sales in 2001. Manufacturing activities recorded sales of
Rp 972 billion or 47.1% of total sales in 2002, compared to Rp 890 billion or 42.5% of sales in 2001.
“Mengembangkan lebih jauh ritel dan manufaktur mandiri ...“
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AOP tetap konsisten menjalankanstrategi usaha yang bertumpu padaperluasan jaringan dan kemampuandistribusi, pengembangan produk-produk merek sendiri, danpengembangan kemampuanpabrikasi. Sampai dengan akhir tahun2002, tercatat 33 outlet “Shop andDrive” dan 29 outlet “Shop and Ride”telah beroperasi, dimana sebanyak 23
outlet “Shop and Drive” serta satuoutlet “Shop and Ride” dimiliki olehAOP. AOP juga terusmengembangkan jaringan depo dansub-depo untuk mempercepat prosesdistribusi produk ke dealer danpengecer. Upaya pengembanganmanufaktur mandiri dimulai padatahun 2002 melalui salah satu anakperusahaan AOP yaitu
AOP continued to pursue a business strategy that focuses on expanding its distribution network, developing
products with proprietary brand, and manufacturing. At year-end 2002, a total of 33 “Shop and Drive” and
29 “Shop and Ride” retail outlets were in operation of which 23 “Shop and Drive” outlets and one “Shop and
Ride” outlet were owned by AOP. AOP is developing regional depots and sub-depots in order to accelerate
delivery of products to dealers and retailers. Efforts to develop an independent manufacturing capability started
in 2002 with the manufacturing of motorcycle chains by PT Federal Superior Chain Manufacturing (FSCM),
a subsidiary of AOP.
PT Federal Superior ChainManufacturing (FSCM) denganproduksi rantai sepeda motor.
AOP Sales Breakdown
20010
2002
27% OEM
500
1,000
1,500
2,000
46%
27%
31%
50%
19%
ReplacementMarket
Export
2,500
Rp billion
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FinancialServices
Division
2The Financial Services Division of AstraInternational provides consumer financing,general insurance and life insuranceprotection. These services enable AstraInternational to offer a comprehensive,
one-stop solution to its customers, fromfinancing a purchase to insuring a motorvehicle.
Divisi Jasa Keuangan Perseroan bergerak dalambidang pembiayaan kredit konsumen, bidangasuransi umum dan asuransi jiwa. Melalui DivisiJasa Keuangan, Perseroan menawarkan solusisatu-atap yang menyeluruh bagi pelanggan, mulaidari pembelian kendaraan sampai asuransinya.
“11% growth yoy in amount financedwith prudent asset management”
“Pertumbuhan jumlah pembiayaan meningkat 11% denganpengelolaan aset secara hati-hati”
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Automobile FinancingAstra Credit Companies (ACC) maintains its position as the largest car financing company in Indonesia today, with 28branch offices in 24 major cities across the country. In the face of increased competition and the slow growth of thedomestic automobile market in 2002, ACC responded by focusing on providing quality service and innovative carfinancing products. Among these products is the C2C (Customer-to-Customer) program, designed to facilitate financingof used automobile transactions among individuals, instead of through a car dealership. Introduced in June 2002,a total of 869 used car transactions were facilitated under the C2C program by the end of the year.
In 2002, a total of Rp 4.7 trillion was disbursed in financing for the purchase of 36,279 new automobiles and 19,915used automobiles. The amount of financing in 2002 represented a decline of 11.2% compared to the previous year, inwhich a total of Rp 5.3 trillion was disbursed for the purchase of 42,684 and 22,124 units of new and used automobiles.ACC market share in 2002 was 52% of total Astra car purchases by credit, and 27% of the total number of Astraautomobiles sold.
Despite the decline in amount financed, ACC achieved a 12.87% increase in sales from Rp 756 billion in 2001 toRp 853 billion in 2002. The delinquency rate of loan repayment was 1.04% in 2002, reflecting the Company’scommitment to the implementation of prudent asset management principles.
ACC continues to diversify its funding sources, comprised mainly of bank borrowings, debt instrument issuance andjoint-financing schemes undertaken with Bank Permata, GE Capital, Bank Mega, Bank Bumiputera, Bank Danamon,and BCA, among others. In 2002, Astra Sedaya Finance, a member of the ACC group of companies, successfully issuedRp 400 billion worth of corporate bonds with 18.75% coupons due in 2005. The corporate bonds received anA (Single A) rating from Pefindo. Also, as part of this prudent asset management, all ACC foreign currency denominateddebts have been fully hedged.
Pembiayaan MobilAstra Credit Company (ACC)merupakan perusahaan pembiayaankendaraan bermotor terbesar diIndonesia saat ini, dengan jaringan 28kantor cabang di 24 kota besarIndonesia. Menghadapi persainganyang semakin ketat di tengahmelemahnya pasar mobil domestikpada tahun 2002, ACC meningkatkanfokus pada kualitas layanan danproduk-produk pembiayaan yanginovatif. Program C2C (Customer-to-Customer), misalnya, dirancang untukmemudahkan pembiayaan bagitransaksi jual-beli mobil bekas antarindividu, tanpa keterlibatan dealermobil. Program yang diluncurkan padabulan Juni 2002 ini telah digunakanuntuk membiayai 869 transaksipembelian mobil bekas sampaidengan akhir tahun 2002.
Total pembiayaan yang disalurkanselama tahun 2002 adalah Rp 4,7triliun untuk pembelian 36.279 mobilbaru dan 19.915 unit mobil bekas.Jumlah pembiayaan pada tahun 2002menurun 11,2% dibandingkan tahunsebelumnya, dimana sejumlah Rp 5,3triliun disalurkan untuk membiayaipembelian 42.684 unit mobil baru dan22.124 unit mobil bekas. Pangsa pasarACC pada tahun 2002 adalah 52% daritotal pangsa kredit mobil Astra, dan27% dari total volume penjualan mobilAstra.
Sekalipun jumlah pembiayaanmenurun, pendapatan ACC meningkat12,87% dari Rp 756 miliar tahun 2001menjadi Rp 853 miliar tahun 2002.Komitmen ACC pada penerapanprinsip pengelolaan aset secaraberhati-hati tercermin dari tingkat
deliquency rate (tagihan tidak lancar)sebesar 1,04% pada tahun 2002.
ACC terus mengupayakan diversifikasisumber pendanaan, yang terutamaberupa pinjaman bank, penerbitan efekobligasi, dan pola pembiayaan-bersama dengan berbagai lembagakeuangan, antara lain Bank Permata,GE Capital, Bank Mega, BankBumiputera, Bank Danamon dan BCA.Pada tahun 2002 salah satuperusahaan di kelompok ACC yaituAstra Sedaya Finance menerbitkanobligasi Amortisasi senilai Rp 400miliar dengan bunga 18,75% dan masajatuh tempo tahun 2005. Obligasitersebut mendapat peringkat A dariPefindo. ACC juga telah menerapkankebijakan lindung-nilai atas seluruhpinjaman dalam mata uang asing.
“Stronger profitability ... Delinquency rate around 1%”“Keuntungan lebih besar ... Tingkat tagihan tidak lancar sekitar 1%”
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PembiayaanSepeda MotorPembiayaan untuk pembelian sepedamotor meningkat secara signifikansejalan dengan peningkatan pasarsepeda motor di Indonesia pada tahun2002. Pembiayaan yang disalurkan olehPT Federal International Finance (FIF)pada tahun 2002 mencapai sebesarRp 3,6 triliun untuk pembelian 424.713unit sepeda motor. Ini merupakanpeningkatan sebesar 71,4%dibandingkan pembiayaan sebesarRp 2,1 triliun untuk 268.816 unit sepedamotor pada tahun 2001. Perolehanpangsa pasar FIF untuk total pasarsepeda motor merek Honda meningkatdari 28% tahun 2001 menjadi 30%, dan55% dari penjualan kredit sepeda motorHonda tahun 2002.
Dengan meningkatnya pembiayaanyang disalurkan, FIF membukukanpeningkatan pendapatan sebesar 83,0%menjadi Rp 679 miliar pada tahun 2002.
Sementara itu, dengan memegang teguhprinsip-prinsip pengelolaan aset yang
berhati-hati, deliquency rate mampudipertahankan pada tingkat yang sehatsebesar 1,35%, sekalipun denganadanya peningkatan jumlahpembiayaan. Kinerja usaha yang baik ditahun 2002 tersebut memungkinkan FIFuntuk mempercepat pembayaranhutangnya yang semula dijadwalkanjatuh tempo tahun 2003. Hutang yangtersisa pada akhir tahun 2001 sebesarUS$ 15,9 juta dan Rp 118 miliar telahdiselesaikan melalui fasilitas refinancingdari Bank Danamon. Pada bulan Mei2002, sebagian dari pinjamanrefinancing tersebut telah dibayar lunasdan sebagian lagi dikonversikan menjadifasilitas pembiayaan-bersama.
Dengan selesainya pembayaran hutangrestrukturisasi, FIF tidak lagi terikat padapersyaratan restrukturisasi dan dapatmempergunakan arus kas darioperasionalnya untuk mendanaipenyaluran pembiayaan baru. Selaindari arus kas operasional, peningkatanpenyaluran pembiayaan juga didanaimelalui pola pembiayaan-bersamadengan beberapa bank yaitu Bank
Mega, Bank Danamon, Bank Permata,Bank Umum Tugu, Bank Mandiri,Bank Niaga dan Bank NISP. Sumberpendanaan lainnya pada tahun 2002adalah melalui penerbitan obligasisenilai Rp 300 miliar dengan bunga18,5% dan masa jatuh tempo tahun2005. Obligasi tersebut menerimaperingkat A- (A minus) dari PEFINDO.
Saat ini, FIF merupakan perusahaanpembiayaan sepeda motor terbesar diIndonesia dengan didukung olehjaringan 68 kantor cabang dan 157service point di seluruh Indonesia.
Asuransi KerugianPT Asuransi Astra Buana (AAB)membukukan peningkatan pendapatanpremi sebesar 23,9% dari Rp 550,9miliar tahun 2001 menjadi Rp 682,7miliar tahun 2002, mencerminkanpeningkatan sebesar 26,3% dan 20,7%masing-masing pada lini bisnis individudan lini bisnis korporasi. Sejalan denganpeningkatan pendapatan premi, totalaktiva meningkat 19,8% dari Rp 703,1miliar tahun 2001 menjadi Rp 842,1
Motorcycle FinancingIn line with increased demand in the motorcycle market in Indonesia in 2002, financing for motorcycle purchases alsorose significantly. In 2002, PT Federal International Finance (FIF) provided financing facilities worth Rp 3.6 trillion for thepurchase of 424,713 motorcycle units. This amount represented a 71.4% increase over the Rp 2.1 trillion of financingprovided for the purchase of 268,816 units in 2001. In terms of market share, FIF accounted for 30% of the totalmarket for Honda motorcycles in 2002, up from 28% the previous year, and 55% of Honda’s total credit market. As aresult of increased financing, FIF posted significant increases in revenue in 2002, up 83.0% to Rp 679 billion.
Moreover, by adhering firmly to prudent asset management principles, FIF managed to maintain its delinquency rateon loan repayment at a low level of 1.35%, notwithstanding the sharp increase in financing. Its strong performance in2002 enabled FIF to expedite its debt repayment, originally scheduled for 2003. The remaining debts of USD 15.9million and Rp 118 billion as at year-end 2001 have been settled through a refinancing loan facility from Bank Danamon.In May 2002, a portion of this refinancing loan was paid in cash while the remainder was converted into a joint-financing facility.
With the settlement of its restructured debt liabilities, FIF is released from the terms of debt restructuring and is able touse the cash flows from its operation to disburse new financing. Aside from its own funds, the expansion in motorcyclefinancing is also funded through joint-financing schemes with several banks, which currently include Bank Mega, BankDanamon, Bank Permata, Bank Umum Tugu, Bank Mandiri, Bank Niaga and Bank NISP. An additional source of fundingin 2002 was from the issue of Rp 300 billion of corporate bonds with 18.5% coupons due in 2005. The corporatebonds of FIF were rated A- (single A minus) by PEFINDO.
Currently, FIF remains the largest motorcycle financing company in Indonesia, supported by a network of 68 branchoffices and 157 points of service throughout the country.
“Amount financedjumped by 71% ... its entirerestructured debt settled”
“Jumlah pembiayaan melonjak hingga 71% ...seluruh hutang yang direstrukturisasi telah dilunasi”
Unit Financed
010
268,
816
100
200
300
500
400
02
424,
713
010
2.1
1.0
2.0
3.0
4.0
02
3.6
Rp trillion
‘000 Units
Amount Financed
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miliar pada tahun 2002, sementara totaldana investasi tumbuh dari Rp 521,3miliar menjadi Rp 598,8 miliar padaperiode yang sama atau meningkatsebesar 14,9%.
Kinerja yang baik tersebut jugatercermin pada pencapaian RBC (Risk-Based Capital) sebesar 147,25%, jauh diatas tingkat minimum sesuai peraturanDepartemen Keuangan RI sebesar 75%.Tingkat RBC pada tahun 2001 adalah132,43%.
Pada tahun 2002 AAB memperolehberbagai pengakuan dan penghargaanatas prestasinya, antara lain:• Penghargaan “Indonesia Customer
Satisfaction Award” dari FrontierMarketing & Research Consultantsbekerjasama dengan majalah SWA
• Penghargaan “The Most Trusted”untuk Garda Oto di kategori AsuransiKebakaran dan Kendaraan Bermotordari majalah Kapital bekerjasamadengan Marketing Research Specialist(MARS)
• Penghargaan “The Most ValuableBrand” untuk Garda Oto di kategoriAsuransi Kendaraan Bermotor darimajalah SWA bekerjasama denganMARS
• Penghargaan “Perusahaan AsuransiTerbaik 2002” dari majalah Investor.
Asuransi JiwaPT Astra CMG Life (ACMGL)membukukan peningkatan pendapatanpremi sebesar 22,3% menjadi Rp 216,5miliar tahun 2002, dibandingkan Rp 177miliar tahun 2001. Total aktiva ACMGLtumbuh 25,7% dari Rp 365,3 miliar tahun2001 menjadi Rp 459,4 miliar pada akhirtahun 2002.
Total RBC sebagai indikator kinerjaoperasional yang sehat bagi perusahaanasuransi adalah sebesar 160% padatahun 2002, dibandingkan 187,5% tahun2001. Angka-angka tersebut jauh di atasketentuan Departemen Keuangan RImengenai tingkat RBC minimum yaitu40% untuk tahun 2001 dan 75%untuk tahun 2002.
General InsurancePT Asuransi Astra Buana (AAB) posted a 23.9% increase in gross premium from Rp 550.9 billion in 2001 to Rp 682.7billion in 2002, reflecting 26.3% and 20.7% growth, respectively, of its individual and corporate lines of business.In line with the increase in gross premium, total assets also increased by 19.8% from Rp 703.1 billion in 2001 toRp 842.1 billion in 2002, while total investments rose from Rp 521.3 billion to Rp 598.8 billion or 14.9% over the sameperiod.
The excellent performance of AAB was also reflected in its Risk Based Capital (RBC) level of 147.25%, far above theminimum regulatory level of 75% as required by the Indonesian Ministry of Finance. The company’s RBC in 2001 was132.43%.
During 2002, AAB received various awards in recognition of its achievements. They include:• “Indonesian Customer Satisfaction Award” from Frontier Marketing & Research Consultants and SWA magazine• The “Most Trusted” in the Motor Vehicle and Fire Insurance categories from Kapital magazine in cooperation with
Marketing Research Specialist (MARS)• The “Most Valuable Brand” in the Motor Vehicle Insurance category given by SWA magazine together with Marketing
Research Specialist (MARS)• The 2002 “Best Insurance Company” award from Investor magazine
Life InsurancePT Astra CMG Life (“ACMGL”) booked a 22.3% increase in gross premium to Rp 216.5 billion in 2002, compared toRp 177 billion in 2001. Total assets of ACMGL grew by 25.7% from Rp 365.3 billion in 2001 to Rp 459.4 billion atyear-end 2002.
Total RBC as a measure of sound operations in the insurance industry was 160% in 2002, compared with 187.5% in2001. These levels of RBC far exceeded the minimum regulatory level as required by the Indonesian Department ofFinance of 40% and 75% for the year 2001 and 2002, respectively.
“Healthy capital profile with RBC of 147% ...”
“Tingkat permodalan yang sehat dengan pencapaian RBC sebesar 147% ...”
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During 2002, the Heavy Equipment Divisionremained focused on its proven competenciesin the distribution and after-sales service of
leading international brands of construction,mining and logging equipment, as well as instrengthening its business interests in coalmining and as a mining contractor.
Pada tahun 2002, Divisi Alat Berat tetap fokus padakompetensinya yang telah teruji dalam bidang distribusidan layanan purna-jual mesin-mesin konstruksi,pertambangan dan kehutanan dari merek-merekterkenal di dunia, sekaligus meningkatkan kinerjanya dibidang pertambangan batubara dan kontraktorpertambangan.
HeavyEquipment
Division
3
“Komatsu unit sales grew by 32% ...” “Penjualan unit Komatsu meningkat sebesar 32% ...”
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Despite the general improvements in Indonesia’s economy during 2002, the Heavy Equipment Division under
PT United Tractors Tbk and subsidiaries (“UT”) continued to experience somewhat unfavorable business conditions,
mainly due to the appreciation of the rupiah against the US dollar as well as to the weak demand for heavy
equipment, which has yet to recover to its pre-crisis levels. Despite higher sales volume in Construction Machinery,
Mining Contracting and Coal Mining, the strengthening of the rupiah is the main reason for a drop in net
consolidated revenues from Rp 7.1 trillion in 2001 to Rp 6.9 trillion in 2002.
UT was unable to meet its debt payment due in December 2002, and was forced to seek a rescheduling for
USD 253.9 million and Rp 134.0 billion of its debts. Negotiations with creditors are continuing.
Construction Machinery
Unit sales volume by the Construction Machinery division grew by 32% from 627 units in 2001 to 825 units in
2002. Unit sales growth in 2002 was driven by strong increases in the sales of Komatsu heavy equipment to the
forestry sector, from 211 to 332 units, and to the construction sector, from 71 to 134 units. The agribusiness
and mining sectors absorbed 72 and 287 units, compared to 51 and 294 units in 2001. Overall, Komatsu heavy
equipment saw an increase in domestic market sales to 50%, compared with 43% in 2001.
Despite the increase in unit sales volume however, net sales value declined slightly to Rp 2.53 trillion, 3% lower
compared to 2001. This was primarily due to the strengthening of the rupiah against the US dollar, as well as to
an increase in smaller size units sold. Heavy equipment unit sales represented almost 67% of total sales, while
the contributions of spare parts and services segments were 24% and 9%, respectively.
Sekalipun perekonomian Indonesiapada tahun 2002 secara umum telahlebih membaik, Divisi Alat Berat dibawah kendali PT United Tractors Tbkdan anak perusahaan (“UT”) masihterus menghadapi kondisi usaha yangcukup berat, terutama akibatmenguatnya mata uang rupiahterhadap Dollar AS, serta masihlemahnya pasar alat berat jikadibandingkan periode pra-krisis.Meskipun mencatat kenaikan volumepenjualan di sektor Mesin Konstruksi,Kontraktor Penambangan danPertambangan batubara, penghasilanbersih konsolidasi menurun dariRp 7,1 triliun pada tahun 2001 menjadiRp 6,9 triliun tahun 2002, terutamadisebabkan oleh menguatnya matauang rupiah.
Disamping itu, UT belum dapatmemenuhi kewajiban pembayarancicilan hutang yang jatuh tempo bulanDesember 2002, dan harusmengupayakan restrukturisasi untuk
hutang-hutangnya senilaiRp 134,0 miliar dan US$ 253,9 juta.Negosiasi restrukturisasi hutangdengan para kreditur saat ini masihberlanjut.
Mesin KonstruksiVolume penjualan divisi MesinKonstruksi meningkat 32% dari 627unit pada tahun 2001 menjadi 825 unittahun 2002. Pertumbuhan penjualantahun 2002 dipacu oleh peningkatanpenjualan alat berat Komatsu kesektor kehutanan dari 211 menjadi332 unit, dan ke sektor konstruksi dari71 menjadi 134 unit. Sementara itu,penjualan ke sektor agribisnis danpertambangan adalah masing-masing72 dan 287 unit, dibandingkan tahun2001 sebanyak masing-masing 51dan 294 unit. Secara keseluruhan,pangsa pasar alat berat Komatsu dipasar domestik meningkat dari 43%pada tahun 2001 menjadi 50% tahun2002.
Sekalipun volume penjualanmeningkat, nilai penjualan bersihsedikit menurun menjadi Rp 2,53triliun pada tahun 2002, atau 3% lebihrendah dibandingkan penjualan bersihtahun 2001. Hal ini terutamadisebabkan oleh menguatnya matauang rupiah terhadap Dollar AS, sertalebih banyak terjualnya unit-unit alatberat yang berukuran lebih kecil.Penjualan alat berat memberikankontribusi hampir 67% dari totalpenjualan, sementara kontribusipenjualan suku cadang dan jasapemeliharaan adalah masing-masing24% dan 9%.
KontraktorPenambanganPenghasilan bersih divisi KontraktorPenambangan di bawahPT Pamapersada Nusantara (Pama)menurun menjadi Rp 3,1 triliun padatahun 2002, dibandingkan Rp 3,2triliun tahun 2001. Dengan sekitar 90%dari penghasilan Pama diperoleh
Construction MachineryMarket Share 2002
49.7%KOMATSU
26.7%CATERPILLAR
15.9%HITACHI
7.7%OTHERS
“Komatsu maintains its leading position with 50% market share ...” “Komatsu berhasil mempertahankan posisinya dengan menguasai 50% pangsa pasar ...”
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“5% increase in export sales ...”
“13% increase in coal contracting volume ...”
Sales by Business
2002
44.5%Mining
Contracting
36.8%ConstructionMachinery
18.7%Coal
Mining
2001
44.9%Mining
Contracting
36.8%ConstructionMachinery
18.3%Coal
Mining
“Volume kontrak batubara meningkat sebesar 13% …”
“Penjualan ekspor meningkat sebesar 5% ...”
Mining Contractor
Net revenues of the Mining Contractor division under PT Pamapersada Nusantara (“Pama”) declined to
Rp 3.1 trillion in 2002, from Rp 3.2 trillion in 2001. As around 90% of Pama’s revenues were in
US dollars, the depreciation of the US dollar relative to the rupiah during 2002 resulted in the decline in
total revenue.
Pama derives its revenues mainly from coal mining contracts with domestic as well as international
companies with mining concessions in Indonesia. Total production volume in 2002 was 28.7 million
tonnes of coal with 138.3 million bcm of overburden, compared with 24.7 million tonnes of coal with
119.5 million bcm of overburden in 2001.
Coal Mining
PT Berau Coal booked sales of USD 139.2 million (Rp 1.3 trillion) in 2002, representing an increase of
11% compared with USD 125.9 million (Rp 1.3 trillion) in 2001. The growth in coal mining revenues
was the result of an increase in sales volume from 6.6 million tonnes in 2001 to 6.9 million tonnes in
2002, as well as from the increase in the average coal price from USD 19.0/tonne in 2001 to USD 20.2/
tonne in 2002.
Export sales increased 5% from 4.8 million tonnes in 2001 to 5.1 million tonnes in 2002, and accounted
for 74% of total sales.
In March 2003, Berau Coal has obtained a principal approval of its debt restructuring for USD 29.2
million, after being unable to meet the debt payment due in December 2002.
dalam mata uang Dollar AS,melemahnya mata uang tersebutrelatif terhadap rupiah pada tahun2002 berdampak pada menurunnyajumlah pendapatan.
Penghasilan Pama terutama berasaldari kontrak-kontrak pertambanganbatubara dengan berbagaiperusahaan pertambangan besar.Pada tahun 2002, total volumeproduksi adalah sebanyak 28,7 jutaton batubara dengan overburden138,3 juta bcm, sedangkan produksitahun 2001 sebanyak 24,7 juta tonbatubara dengan overburden 119,5juta bcm.
PertambanganBatubaraPT Berau Coal membukukanpenjualan sebesar US$ 139,2 juta(Rp 1,3 triliun) pada tahun 2002,meningkat 11% dibandingkan tahun2001 sebesar US$ 125,9 juta (Rp 1,3triliun). Peningkatan pendapatan daripertambangan batubara disebabkanoleh peningkatan volume penjualandari 6,6 juta ton di tahun 2001 menjadi6,9 juta ton tahun 2002, serta akibatadanya kenaikan harga rata-ratabatubara dari US$ 19,0/ton tahun2001 menjadi US$ 20,2/ton tahun2002.
Penjualan ekspor meningkat 5% dari4,8 juta ton tahun 2001 menjadi 5,1juta ton, yang merupakan 74% daritotal volume penjualan tahun 2002.
Di bulan Maret 2003, Berau Coal telahmendapatkan persetujuan prinsip atasrestrukturisasi hutang senilai US$ 29,2juta, setelah gagal memenuhikewajiban pembayaran hutang yangjatuh tempo bulan Desember 2002.
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Spearheaded by PT Astra Agro Lestari Tbk(AAL), the Agribusiness Division representsAstra International’s business interests in the
natural resource-based industry sector. With astrong performance in 2002, the AgribusinessDivision remains one of the major contributorswithin the Astra Group of companies.
Di bawah kendali PT Astra Agro Lestari Tbk, DivisiAgribisnis mewakili kiprah bisnis Astra di sektor industriberbasis sumberdaya alam. Dengan kinerjanya yangkuat pada tahun 2002, Divisi Agribisnis merupakansalah satu kontributor pendapatan terbesar di antaraperusahaan-perusahaan Grup Astra.
AgribusinessDivision
4
“Higher CPO prices ... boosted total sales by 43%”“Kenaikan harga CPO … mendorong total penjualan sebesar 43%”
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The Agribusiness Division of Astra under PT Astra Agro Lestari Tbk (AAL) benefited from higher Crude Palm Oil
(CPO) prices during 2002, as well as from increased CPO production, to post a significant 43.3% increase in
revenue to Rp 2.03 trillion in 2002, compared to Rp 1.42 trillion in 2001.
The low growth in world CPO production in 2002 due to unfavorable weather in most CPO producing countries
has driven the price of CPO higher in the international markets. AAL achieved an average sales price of
Rp 3,077/kg of CPO in 2002, compared with Rp 2,192/kg in the previous year, in line with the marked increase
of the average price for CPO in the international markets from USD 286/tonne to USD 390/tonne.
CPO sales volume in 2002 increased by 6.7% to 465,152 tonnes, compared with 436,087 tonnes in 2001.
Export sales, mainly to the Netherlands, Malaysia, India and France amounted to 50,414 tonnes, up 511%
compared to 8,248 tonnes exported in 2001. Sales volume increased in line with increased CPO production
from 519,760 tonnes in 2001 to 543,634 tonnes in 2002, due to the expansion in matured plant area,
the improved extraction rate of CPO and increased CPO milling capacity.
Total matured hectares increased from 177,760 ha in 2001 to 183,268 ha in 2002, with an average oil palm
growth age of 8.5 years. Planted area for other commodities however remained relatively unchanged at 8,854
ha for rubber, 3,213 ha for tea and 2,882 ha for cocoa. With the continuing implementation of the “ER 15”
program which aims at improving the CPO extraction rate by 1.5%, AAL succeeded in achieving a CPO extraction
Divisi Agribisnis Astra di bawah
PT Astra Agro Lestari Tbk (AAL)
membukukan peningkatan
pendapatan yang signifikan sebesar
43,3% dari Rp 1,42 triliun tahun 2001
menjadi Rp 2,03 triliun tahun 2002,
terutama disebabkan oleh harga
minyak sawit mentah (CPO) yang lebih
tinggi pada tahun 2002, serta adanya
peningkatan volume produksi CPO,
pada tahun tersebut.
Melambatnya pertumbuhan produksi
CPO pada tahun 2002 akibat kondisi
cuaca yang kurang menguntungkan di
kebanyakan negara produsen CPO di
dunia telah mendorong kenaikan
harga CPO di pasar internasional.
Pada tahun 2002, harga jual rata-rata
produk CPO oleh AAL mencapai
Rp 3.077 per kg, dibandingkan
Rp 2.192 per kg pada tahun
sebelumnya, sejalan dengan
peningkatan harga rata-rata CPO di
pasar internasional dari US$ 286
menjadi US$ 390 per ton.
Volume penjualan CPO meningkat
6,7% menjadi 465.152 ton pada tahun
2002, dibandingkan 436.087 ton tahun
2001. Penjualan ekspor, terutama ke
negara tujuan Belanda, Malaysia,
India dan Perancis, mencapai 50.414
ton, meningkat 511% dibandingkan
penjualan ekspor tahun 2001 sebesar
8.248 ton. Peningkatan volume
penjualan ini sejalan dengan
peningkatan produksi CPO dari
519.760 ton tahun 2001 menjadi
543.634 ton tahun 2002, yang
disebabkan oleh perluasan area
tanaman produktif, peningkatan
tingkat rendemen CPO dan
penambahan kapasitas pabrik
pengolahan CPO.
Areal tanaman kelapa sawit produktif
bertambah dari 177.760 ha pada
tahun 2001 menjadi 183.268 ha tahun
2002, dengan usia tanaman rata-rata
8,5 tahun. Luas areal komoditi lainnya
relatif tidak berubah, yaitu 8.854 ha
untuk tanaman karet, 3.213 ha untuk
teh dan 2.882 ha untuk kakao. Dengan
berlanjutnya penerapan program “ER
15” yang bertujuan meningkatkan
rendemen dengan 1,5%, AAL berhasil
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rate of 23.2% in 2002, compared to 22.2% in 2001. Meanwhile, the quality of CPO has also been improved by
the reduction of free fatty acid (FFA) content from 3.3% in 2001 to 2.9% in 2002. Further reduction is expected
as a result of the company’s “FFA 25” program, which aims at reducing FFA content to less than 2.5%.
Currently, AAL operates 15 CPO mills with a total milling capacity of 670 tonnes of fresh fruit bunch (FFB) per
hour, compared with a total milling capacity of 560 tonnes of FFB in 2001. The increase in CPO milling capacity
resulted from the addition of a new milling plant in Central Kalimantan, as well as from the expansion in the
production capacity of some of the existing milling plants. AAL also operates a refinery plant in Medan, North
Sumatera, to extract olein, stearin, PFAD and cooking oils from CPO. With a handling capacity of 300 tonnes of
CPO per day, the refinery plant currently produces 220 tonnes of olein and 66 tonnes of stearin per day. AAL
also produces and markets its own brand of cooking oil, “Sendok”, 7,828 tonnes of which were sold in 2002,
compared to 1,738 tonnes in 2001.
In support of export sales, AAL has recently made use of a new CPO loading facility in Dumai capable of storing
7,500 tonnes of CPO with a pumping “throughput” of approximately 210 tonnes CPO/hour. In addition, AAL
currently is restructuring its business portfolio to focus on its core competency in oil palm plantations by divesting
its interests in the rubber, tea and cocoa plantation businesses.
mencapai tingkat rendemen CPO
23,2% pada tahun 2002,
dibandingkan 22,2% tahun 2001.
Kualitas CPO yang diproduksi juga
ditingkatkan melalui pengurangan
kandungan FFA (free fatty acid) dari
3,3% pada tahun 2001 menjadi 2,9%
tahun 2002. Peningkatan kualitas lebih
lanjut diharapkan akan tercapai
melalui penerapan program “FFA 25”,
yang bertujuan untuk memproduksi
CPO dengan kandungan FFA kurang
dari 2,5%.
Saat ini, AAL mengoperasikan 15
pabrik pengolahan CPO dengan total
kapasitas pengolahan sebesar 670
ton tandan buah segar (TBS) per jam.
Pada tahun 2001, total kapasitas
pengolahan adalah 560 ton TBS per
jam. Peningkatan kapasitas
pengolahan disebabkan oleh
penambahan satu pabrik pengolahan
CPO yang baru di Kalimantan Tengah,
disamping akibat adanya peningkatan
pada kapasitas pengolahan di
beberapa pabrik yang lain AAL juga
mengoperasikan fasilitas penyulingan
di Medan, Sumatera Utara, untuk
menyuling CPO menjadi olein, stearin,
PFAD dan minyak goreng. Dengan
kapasitas penyulingan sebesar 300
ton CPO per hari, pabrik tersebut saat
ini memproduksi 220 ton olein dan 66
ton stearin setiap hari. AAL juga
memproduksi dan memasarkan
minyak goreng dengan merek dagang
“Sendok”, dengan penjualan
mencapai 7.828 ton pada tahun 2002,
dibandingkan 1.738 ton pada tahun
2001.
Untuk menunjang penjualan ekspor,
AAL baru-baru ini meresmikan
pengoperasian dermaga CPO yang
baru di Dumai, dengan kapasitas
penyimpanan 7.500 ton CPO dan
kapasitas pemompaan sekitar 210 ton
per jam. Selain itu, untuk lebih efektif
berkonsentrasi pada kompetensi
bisnisnya yang utama, AAL tengah
melakukan restrukturisasi usaha
dengan mendivestasikan bisnisnya di
perkebunan karet, teh dan kakao.
CPO Sales Vol & Price
460
440
420
3402001 2002
2,192
‘000 tonnes3,200
2,000
1,600
ER/kg
436
3,077
465
400
380
360
CPO ‘000 tonnes Price - Rp / kg
2,400
2,800
CPO Production &Extraction Rate
560
480
400
3202001 2002
‘000 tonnes23.40
22.20
21.80
21.40
22.60
ER (%)
520
23.2
544
CPO ‘000 tonnes Extraction Rate (%)
22.2
23.00
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Aktivitas usaha PT Astra Graphia Tbk dan anakperusahaan di bidang Document Solution (melaluimerek Xerox) dan Information Technology (IT) Solutionmerupakan landasan yang penting bagi kelompokperusahaan Astra untuk berkiprah di sektor undustriyang akan semakin penting di masa mendatang,dimana Teknologi Informasi akan semakin diandalkanoleh dunia usaha untuk meningkatkan kinerja.
The business activities of PT Astra Graphia Tbk
(AG) and its subsidiary companies continue torepresent an important foothold for the Astragroup of companies in the Document Solution,through the Xerox brand, and Information
Technology (IT) solution, which is expected toplay a bigger role as various businesses
increasingly depend on IT to deliver betterperformance.
“16% increase in net sales ...and an accelerated debt payment”
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“Penjualan bersih meningkat 16% ...dan mampu mempercepat pembayaran hutang”
InformationTechnology
Division
5
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PT Astra Graphia Tbk (“AG”), the company’s subsidiary in the Information Technology (IT) sector, posted a
16.2% increase in net sales to Rp 829 billion in 2002, compared to net sales of Rp 714 billion the previous year.
With its two business units - Document Solutions and IT Solutions - AG ranks among the leading service providers
in Indonesia’s IT industry today.
Total sales of Document Solution business in 2002 amounted to Rp 442 billion, up 10% from sales of Rp 401
billion in 2001, mainly on the strength of increased sales of Xerox photocopiers. This increase, from 45% in
2001 to 57% in 2002, reflects a continuing trend of replacing older analog copiers with newer digital models
from the Xerox photocopier line of products.
At year-end 2002, AG had an extensive network of 19 branches and 47 service points throughout Indonesia.
The IT Solution business unit also recorded an increase of sales from Rp 312 billion in 2001 to Rp 388 billion in
2002. The total IT market in Indonesia was valued at USD 902.7 million in 2001 and USD 964.8 million in 2002
(source: International Data Corporation). AG’s market share increased from 3.42% in 2001 to 4.32% in 2002.
Besides major local strategic projects, IT Solution also has access to the global market with projects such as
infrastructure development for a cellular operator company in Vietnam.
With strong sales and collections in 2001 and 2002, AG was able to achieve a considerable improvement in its
cash flow, enabling it in turn to accelerate its debt payment. In September and December 2002, AG made
payments, originally scheduled to become due in December 2002 and March 2003, of USD 4.63 million and
USD 7.77 million respectively. As a result, AG has achieved its release date with lenders by year-end 2002.
PT Astra Graphia Tbk (AG), anakperusahaan Perseroan di sektorTeknologi Informasi (TI), membukukanpeningkatan penjualan bersih sebesar16,2% menjadi Rp 829 miliar padatahun 2002, dibandingkan Rp 714miliar pada tahun sebelumnya.Dengan dua buah unit usaha -Document Solution dan IT Solution -AG saat ini merupakan salah satuperusahaan penyedia jasa TI yangterkemuka di Indonesia.
Total penjualan Document Solutionpada tahun 2002 adalah Rp 442 miliar,meningkat 10% dari penjualan tahun2001 sebesar Rp 401 miliar, terutamadikarenakan menguatnya penjualanmesin fotocopy Xerox. Peningkatandari 45% pada tahun 2001 menjadi57% tahun 2002 tersebutmencerminkan kecenderungan pasarmelakukan penggantian mesinfotocopy model analog yang lama
dengan model-model baru mesinfotocopy digital Xerox.
Per akhir tahun 2002, AG memilikijaringan kerja yang luas meliputi 19kantor cabang dan 47 service pointdi seluruh Indonesia.
Unit usaha IT Solution juga mencatatpeningkatan penjualan dari Rp 312miliar tahun 2001 menjadi Rp 388miliar tahun 2002. Dari total pasar jasaTI di Indonesia senilai US$ 902,7 jutapada tahun 2001 dan US$ 964,8 jutapada tahun 2002 (sumber data dariInternational Data Corporation),perolehan pangsa pasar AGmeningkat dari 3,42% tahun 2001menjadi 4,32% pada tahun 2002.Selain keterlibatannya dalambeberapa proyek strategis berskalabesar di tingkat lokal, IT Solution jugaberkiprah di pasar internasional antaralain melalui proyek pembangunan
infrastruktur bagi sebuah perusahaanoperator telekomunikasi selular diVietnam.
Didukung oleh kinerja yang kuatdalam penjualan maupun penagihanpada tahun 2001 dan 2002, AG dapatmeningkatkan kemampuan arus kassehingga mampu mempercepatjadwal pembayaran hutangperusahaan. Pada bulan September2002 AG melakukan pembayarancicilan hutang sebesar US$ 4,63 jutayang seharusnya jatuh tempo bulanDesember 2002, sementara padabulan Desember 2002 dilakukanpembayaran cicilan hutang yangseharusnya jatuh tempo pada Maret2003 sebesar US$ 7,77 juta.Akibatnya, AG berhasil mencapairelease date dengan para krediturpada akhir tahun 2002.
Revenues
20010
2002
56%200
400
44%
53%
47%600
800
Rp billion
ITSolution
DocumentationSolution
714
829
1,000
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InfrastructureDivision
6
Divisi Infrastruktur diwakili oleh PT Intertel Nusaperdanadan PT Astratel Nusantara, sebagai anak perusahaanyang dimiliki sepenuhnya oleh Perseroan. Intertel danAstratel saat ini menjalankan beberapa kegiatanterutama di sektor industri telekomunikasi di Indonesia.
The Infrastructure Division is representedby PT Intertel Nusaperdana (Intertel) andPT Astratel Nusantara (Astratel), both
wholly-owned subsidiaries of PT AstraInternational Tbk. Intertel and Astratel have beeninvolved in several project undertakings, mostlyin the telecommunications sector in Indonesia.
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Activities of the Infrastructure Division are carried out under PT Astratel Nusantara (Astratel) and PT Intertel
Nusaperdana (Intertel) as wholly-owned subsidiaries of PT Astra International Tbk.
In 2002, Astratel and the other shareholders of PT Pramindo Ikat Nusantara (Pramindo), the KSO operator for
the Sumatera region, entered into a sale and purchase agreement with PT Telkom Indonesia for the proposed
acquisition of all Pramindo shares for an aggregate consideration of USD 381 million. At the time of the sale
transaction, it was agreed that Astratel’s 35% stake in Pramindo would be transferred to Telkom in three
tranches of 30% in 2002, 15% in 2003 and 55% in 2004. In August 2002, the first tranche transaction was
settled. Besides the revenue from the sale of Pramindo, the other major income of the Infrastructure Division is
currently provided by the Intertel Astratel Consortium (KIA) which receives a fixed payment under a Revenue
Sharing Program with Telkom in the operation of certain telecommunication facilities in Jakarta and the
surrounding area (known as PBH-2 Package I project). Intertel and Astratel have a 100% equity interest in KIA.
Kegiatan usaha Divisi InfrastrukturPerseroan dilakukan melaluiPT Astratel Nusantara (Astratel) danPT Intertel Nusaperdana (Intertel),keduanya merupakan anakperusahaan yang dimiliki sepenuhnyaoleh PT Astra International Tbk.
Pada tahun 2002, Astratel bersamapemegang saham lain di PT PramindoIkat Nusantara (Pramindo) sebagaiperusahaan operator KSO untukwilayah Sumatera telah
menandatangani perjanjian penjualandan pembelian saham denganPT Telkom Indonesia, untuk rencanaakuisisi 100% saham Pramindo olehTelkom dengan total nilai jual sebesarUSD 381 juta. Pada saat transaksipenjualan, disetujui bahwa Astratelakan mengalihkan 35% kepemilikansahamnya di Pramindo kepada Telkomdalam tiga tahap, masing-masing 30%tahun 2002, 15% tahun 2003 dan 55%tahun 2004. Pada bulan Agustus2002, tahap pertama transaksi telah
“Successful divestment of Pramindo ... KSO in Sumatera...”
diselesaikan. Selain pendapatan daridivestasi saham Pramindo, sumberpendapatan utama Divisi Infrastruktursaat ini berasal dari KonsorsiumIntertel-Astratel (KIA), yang menerimajumlah pembayaran yang tetap dibawah Kontrak Bagi Hasil denganTelkom untuk pengoperasianbeberapa fasilitas telekomunikasi diJakarta dan sekitarnya (proyek PBH-2-Paket-I). Bersama-sama, Intertel danAstratel menguasai 100% kepemilikansaham di KIA.
“Keberhasilan divestasi saham Pramindo ... KSO di Sumatera ...”
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Human Resources Development
To achieve the Company’s
goals, Astra has
continually improved the
overall skill and
professionalism of the
employees in order to
have qualified human
resources at all level of
the organization.
Astra secara terus menerus
meningkatkan keterampilan
dan profesionalisme
karyawannya pada semua
tingkat dalam organisasi
perusahaan.
“Improve the overall skill and professionalism of people ...”
“Meningkatkan keterampilan dan profesionalisme karyawan ...”
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Pengembangan Sumber Daya Manusia
In today’s increasingly competitive global economy, companies must often take strategic and
innovative steps to increase product quality and customer service in order to maintain its market
position. In order to be able to deliver high quality products and services, the Company believes
that it has to continuously improve its business processes to meet world class standards.
To achieve the goals, the Company needs to have qualified people in senior management and
throughout the organization.
In order to improve the overall skill and professionalism of the workforce, the Company has
made significant improvements in areas such as the recruitment system, job assignment
procedures, performance appraisals, reward systems and in industrial relations. The HRD
Department held occasional discussion forums and training sessions in industrial relations in
order to train HRD officers in Astra Group to be able to resolve labour issues.
HRD also held communication forums between senior Board of Directors and employees in
Astra Group in major cities of Indonesia. This forum aims to build mutual understanding, goodwill,
creativity and productivity atmosphere. It is expected that through this forum, the Company’s
policy and goals will be achieved.
Dalam era perekonomian global yangsemakin kompetitif, perusahaan seringdituntut untuk mengambil langkahstrategis dan inovatif dalammeningkatkan kualitas produk danlayanan untuk mempertahankan posisipasar. Perseroan meyakini bahwa untukmemberikan produk dan layanan yangberkualitas sesuai standar internasionalterbaik, diperlukan perbaikan terus-menerus di berbagai proses bisnis.Untuk dapat mencapai tujuan ini,perusahaan perlu memiliki orang-orangyang berkualitas di dalam organisasinyadari manajemen puncak sampai padatingkat terendah.
Untuk meningkatkan keterampilan danprofesionalisme karyawan, Perseroantelah melakukan berbagai langkahperbaikan meliputi aspek-aspek sistem
rekrutmen, prosedur penugasan,penilaian kinerja pegawai, sistemimbalan, dan hubungan industrial.HRD Perseroan secara berkalamengadakan forum diskusi dan sesipelatihan dalam lingkup hubunganindustrial untuk melengkapi personilHRD di lingkungan kelompokperusahaan Astra dengan pengetahuanmengenai masalah ketenagakerjaan danpemecahannya.
HRD Perseroan juga menyelenggarakanforum diskusi antara direksi dankaryawan di beberapa kota besar diIndonesia. Melalui forum-forum diskusitersebut diharapkan tercipta suasanasaling pengertian, itikad baik, kreatifitasdan produktifitas, yang pada akhirnyadiharapkan dapat tercapainya kebijakandan tujuan usaha Perseroan.
Total Employeesby Age
Total Employeesby Business UnitsAs at Dec 31, 2002
60,000
0
10,000
20,000
30,000
40,000
9,65
4
18,7
88
1,73
9 5,46
1
AutomotiveFinancial ServicesHeavy Equipment
50,000
54,3
03
26-35 years old45.15%
18-25 years old33.24%
36-45 years old16.67%
46-55 years old4.67%
>55 years old0.16%
<18 years old0.12%
As at Dec 31, 2002
AgribussinesSystem & Others
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AMDI
In order to promote human resource development, the company has utilized the Astra Management Development
Institute (AMDI) to conduct internal training seminars and forums that cover major topics of concern.
To increase return on investment on training, AMDI has been continuously improving our education process by
implementing the Action Learning Concept. Each participant is required to make a project that results in
improvements in productivity, market share, revenue and efficiency. These programs are divided into three
categories: leadership competence, functional competence and basic competence.
Leadership CompetenceIn 2002, AMDI held 13 Astra Basic Management Program (ABMP) sessions for 341 employees; 18 Astra Supervisory
Training Program (ASTP) sessions for 498 employees; 9 Astra Middle Management Program (AMMP) sessions
for 245 employees; and 2 Astra General Management Program (AGMP) sessions for 57 employees.
Functional CompetencePrograms include: Astra Production Management for Foremen (APMF); Astra Production Management for
Supervisors (APMS); Branch Manager Development Program (BMDP); Service Head Development Program (SHDP);
Administration Head Development Program (AHDP); Human Resource Officer Development Program (HRODP);
and the Human Resource Manager Development Program (HRMDP).
Basic CompetenceMan Management Astra (MMA); Astra Management Systems (AMS) and Six Sigma-Green Belt.
Astra International Cooperative
With 46,680 members representing 50% of the Astra Group workforce, the cooperative focuses on providing
funding and deposit protection for its members. Cooperative programs include programs in education, housing
AMDIUntuk mendukung upayapengembangan SDM, lembaga AstraManagement Development Institute(AMDI) Perseroan menyelenggarakanforum serta lokakarya pelatihaninternal mengenai berbagai topik yangrelevan.
Dalam rangka memaksimalkan hasilyang diperoleh dalam pelatihan, AMDIterus-menerus memperbaiki prosespelatihan dengan menerapkan ActionLearning Concepts. Melalui metode inisetiap peserta pelatihan diharuskanmempresentasikan program yangdapat meningkatkan produktifitas,pangsa pasar, penjualan ataupunefisiensi kerja. Terdapat tiga kategoriutama program pelatihan, yaitukompetensi kepemimpinan,kompetensi fungsional, dankompetensi dasar.
Kompetensi KepemimpinanPada tahun 2002, AMDImenyelenggarakan sebanyak 13 sesipelatihan Astra Basic ManagementProgram (ABMP) bagi 341 karyawan;18 sesi Astra Supervisory TrainingProgram (ASTP) bagi 498 karyawan;9 sesi Astra Middle ManagementProgram (AMMP) bagi 245 karyawan;serta 2 sesi pelatihan Astra GeneralManagement Program (AGMP) bagi57 karyawan.
Kompetensi FungsionalProgram pelatihan kompetensifungsional mencakup Astra Productionmanagement for Foremen (APMF),Astra Production Management forSupervisors (APMS), Branch ManagerDevelopment Program (BMDP),Service Head Development Program(SHDP), Administration HeadDevelopment Program (AHDP),
Human Resource Officer DevelopmentProgram (HRODP), serta HumanResource manager DevelopmentProgram (HRMDP).
Kompetensi DasarJenis pelatihan untuk kompetensidasar meliputi Man Management Astra(MMA), Astra Management System(AMS) dan program Six Sigma - GreenBelt.
Koperasi AstraInternationalKoperasi Astra Internationalmenyelenggarakan berbagai aktivitassimpan-pinjam bagi kepentingankaryawan anggota, yang berjumlah46.680 orang, atau 50% dari totalkaryawan Astra, melalui berbagaiprogram di bidang pendidikan,perumahan dan transportasi. Padatahun 2002, Koperasi Astra
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International menyalurkan danasebesar Rp 30,44 miliar kepada 3.634anggota koperasi, yang merupakanpeningkatan sebesar 189% dan 176%masing-masing, dibandingkan tahun2001.
Dalam rangka meningkatkankesejahteraan anggota danmengoptimalkan dana milik anggota,Koperasi Astra International bekerjasama dengan pihak pemerintah danbank-bank umum swasta nasional.Untuk lebih memajukan usahanya,Koperasi bekerja sama denganCorporate Security Center mendirikanPT Sigap Prima Astra, sebuahperusahaan konsultan manajemendan pelatihan satuan pengamanana.Pada akhir tahun 2002, sebanyak1.032 anggota Satuan Pengamanan(Satpam) telah berhasil ditempatkan diberbagai perusahaan dalam Grup
Astra maupun di luar Grup Astra. Unitusaha Koperasi Astra Internationalyang lain adalah Patron Tour & Travel,yang pada tahun 2002 membukukanpenjualan senilai Rp 4,04 miliar,dibandingkan Rp 3,36 miliar tahun2001.
Koperasi juga menyediakan programbeasiswa bagi anak-anak karyawananggota. Pada tahun 2002, sebanyak173 anggota memperoleh danabeasiswa sejumlah Rp 16,82 juta,meningkat lebih dari 200% dari tahunsebelumnya.
Program-program Koperasi AstraInternational yang lain mencakupprogram pelatihan manajemenkoperasi bagi Koperasi Unit danKoperasi Cabang, program pelatihanpenyelia serta berbagai programsosial kemasyarakatan.
and transportation. In 2002, the cooperative allocated Rp 30.44 billion to 3,634 employees. Compared to
2001, this year’s figures represent a 189% increase in funds and a 176% increase in the number of members
served.
Astra International Cooperative continues to work with government and private banks to improve the welfare
of its members and to guarantee and enhance the investment that they have made. In order to develop the
cooperative further, a joint venture with Corporate Security Center resulted in the establishment of PT Sigap
Prima Astra. The new company is a management consultant and security training organizer and by the end of
the year, 1,032 security members were working in both Astra Group companies and in outside companies.
Another cooperative business is Patron Tour & Travel with sales Rp 4.04 billion in 2002 compared to Rp 3.36
billion in 2001.
Astra International Cooperative also provided educational scholarships totaling Rp 16.82 million to the dependents
of 173 members in 2002. This represents an increase of over 200% from the previous year.
A number of training programs were also carried out in 2002. These included management cooperative training
for cooperative units (Kopnit) and branch cooperatives (Kopcab) as well as supervisory and social programs.
Astra Pension Fund
Established in 1986, the Astra Pension Fund provides a pension to retired Astra employees or their beneficiaries.
Currently with 48,740 members from 111 companies, the fund is supported with fees of 3.2% collected from
employee salaries combined with company contributions. In 2002, Rp 670 billion, an increase of 16% over
2001, was raised and reinvested according to Indonesian Finance Ministry guidelines that call for prudent,
flexible investments. The Astra Pension Fund portfolio in 2002 consisted of: long-term deposits (41%), bonds
(42%), shares and mutual funds (14%) and direct investment (3%).
Total Employeesby Education
As at Dec 31, 2002
Senior High62.54%
Elementary /Junior High
21.35%
Bachelor9.62%
Diploma6.12%
Master Degree0.37%
Dana Pensiun AstraDibentuk pada tahun 1986, yayasanDana Pensiun Astra menyediakandana pensiun bagi pensiunankaryawan Astra ataupun ahli warisnya,dimana program tersebut saat inidiikuti oleh 48.740 orang peserta dari111 perusahaan. Sumber dana yangdikelola berasal dari potongan gajikaryawan 3,2% dan kontribusiperusahaan. Pada tahun 2002,yayasan mengelola dana totalsejumlah Rp 670 miliar, meningkat16% dari tahun 2001. Sesuai denganperaturan Departemen Keuangan,dana tersebut dikelola secara berhati-hati dan fleksibel dalam portepelinvestasi yang pada tahun 2002komposisinya terdiri dari depositoberjangka (41%), obligasi (42%),saham dan unit penyertaanreksa dana (14%) serta investasilangsung (3%).
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Environmental, Health & Safety Management
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Astra Group’s commitment to environmental protection and preservation has been part of formal corporatepolicy since 1999, when a “Green Company” philosophy was implemented throughout the Group.This philosophy serves as the basis for Environment, Health and Safety (EHS) Management in all companyactivities. On November 5, 2002, Astra Group officially released a book entitled “Astra Green Company” tothe public. With a foreword by Dr. Emil Salim, the book examines the main principles of this philosophyand sets out the 4 pillars of “Green Company”: green strategy, green process, green product, and greenemployee.
Green Strategy involves the integration of EHS policies with the corporate operations of every companywithin the Astra Group. Green Process dictates that each company’s procedures and processes must beefficient, systematic, environmentally sustainable and adhere to international standards. In 2002,5 companies (PT GS Battery Sunter Plant, PT GS Battery Karawang Plant, PT EDS Indonesia, PT Astra SedayaFinance, and PT Pantja Motor) received ISO 14001 certification, bringing the total number of companieswithin the Group that have achieved this standard to 26. In addition, PT GS Battery Sunter Plant and PT GSBattery Karawang Plant received national health and safety management system certification (SMK3)while PT Astra Sedaya Finance and PT Indokarlo Perkasa received OHSAS 18001 certification. In all,9 companies have now received SMK3 and OHSAS 18001 recognition.
Green Product refers to the production of environmental-friendly products and practices such as non-CFCair conditioning units, minimal packaging and the design of products that do not require excessivemaintenance.
Komitmen Astra terhadap perlindungandan pelestarian lingkungan telahmerupakan bagian dari kebijakan formalperusahaan sejak tahun 1999, tatkalafilosofi “Green Company” mulaiditerapkan dan menjadi dasar bagiaktivitas manajemen Lingkungan Hidup,Kesehatan dan Keselamatan Kerja(LH&K3) di seluruh jajaran perusahaangrup Astra. Pada tanggal 5 November2002, Astra meresmikan peluncuranbuku “Astra Green Company” untukkalangan umum. Dengan katapendahuluan yang ditulis oleh Dr. EmilSalim, buku tersebut menjabarkanprinsip utama filosofi “Green Company”yang diwujudkan melalui empat pilardasar yaitu “Green Strategy”, “GreenProcess”, “Green Product” dan “GreenEmployee”.
“Green Strategy” berkaitan denganintegrasi kebijakan LH&K3 ke dalamseluruh kegiatan operasionalperusahaan di lingkungan kelompokusaha Astra. Sedangkan melalui “GreenProcess”, diharapkan berbagai kegiatanoperasional tersebut dapatterselenggara dengan efisien, sistematisdan berkelanjutan secara lingkungan,sesuai dengan standar internasionalterbaik. Pada tahun 2002, sebanyak5 unit usaha (PT GS Battery - PabrikSunter, PT GS Battery - PabrikKarawang, PT EDS Indonesia, PT AstraSedaya Finance dan PT Panca Motor)telah menerima sertifikasi ISO 14001,sehingga total jumlah perusahaan diGrup Astra yang telah memilikisertiifikasi tersebut menjadi 26.Disamping itu, PT GS Battery - PabrikSunter dan PT GS Battery - Pabrik
Karawang juga memperoleh sertifikasinasional di bidang manajemenkesehatan dan keselamatan kerja(SMK3), sedangkan PT Astra SedayaFinance dan PT Indokarto Perkasamenerima sertifikasi OHSAS 18001.Total jumlah perusahaan yang telahmemperoleh sertifikasi SMK3 danOHSAS 18001 adalah 9.
Pilar “Green Product” menyangkutpembuatan produk-produk yang ramahlingkungan seperti AC non-CFC,meminimalkan penggunaan kemasan,serta desain produk yang menghematbiaya pemeliharaan.
Pilar “Green Employee” bertujuan untukmenumbuhkan kesadaran sertaketerlibatan aktif tiap karyawan Astradalam operasional dan manajemen
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Finally, the Green Employee policy strives to make all employees aware of and involved in EHS management
and operations. This is done through extensive and varied EHS training programs. Additionally, Astra Group
now has 351 Environment Officers, while the ranks of certified Safety Specialists have swelled to 90 and Health
Officers now total 112.
Internally, Astra’s Green Company management uses a system based on Frequency Rate (FR) and Severity Rate
(SR) of Lost Time Injuries (LTI) and utilizes color indicators: black (0-249), red (250-509), blue (510-774), green
(775-899) and gold (900-1000). The percentage of companies within the group that had green and gold ratings
climbed from 23% (environment) and 16% (health & safety) in 2001 to 43.4% (environment) and 38.l5%
(health & safety) in 2002. This increase is in line with the corporate EHS target of having 90% of Astra companies
achieve the gold rating by 2004.
Another program that confirms Astra Group’s commitment to the environment and to local communities began
in 2001 as the Sunter Nusa Dua Project. This program has expanded in 2002 to include: Hardware Management,
Software Management and Brainware Management.
Hardware Management involves developing the industrial area of Sunter II and making it safe, pleasant and free
of devastating floods. The focus has been on revamping drainage infrastructure, installing street lights and
more greenery in the area and creating a rescue system that can handle emergency situations quickly and
efficiently. In conjunction with the Hardware Management program, Software Management is a program to
develop guidelines to anticipate and handle floods as well as procedures to manage emergency situations.
The Brainware Management program has 2 main goals: to develop a “Green Village” in Sungai Bambu,
in cooperation with UNESCO, the University of Indonesia and the Institute of Technology of Indonesia, and to
improve the socialization of Astra’s EHS policies and practices within the surrounding communities.
LH&K3, melalui berbagai programpelatihan di bidang tersebut. Sampaisaat ini, terdapat sebanyak 351Environment Officer, 90 Safety Specialistdan 112 Health Officer di Grup Astra.
Dalam mengupayakan status “GreenCompany”, Perseroan menggunakansistem yang berdasarkan padaparameter Frequency Rate (FR) danSeverity Rate (SR) untuk Lost Time Injury(LTI), dengan kode warna untukperingkat penilaian yaitu hitam (0-249),merah (250-509), biru (510-774), hijau(775-889) dan emas (900-1000). Secarapersentase, jumlah perusahaan dilingkungan Astra yang telahmemperoleh peringkat hijau dan emastelah meningkat dari 23% (lingkungan)dan 16% (K3) masing-masing di tahun2001, menjadi 43,4% (lingkungan) dan38,15% (K3) masing-masing di tahun
2002. Peningkatan ini mendukung targetPerseroan di bidang LH&K3 yaituperingkat emas bagi 90% perusahaan diGrup Astra pada tahun 2004.
Kegiatan lain yang mencerminkankomitmen Perseroan terhadaplingkungan dan masyarakat sekitaradalah Proyek Sunter Nusa Dua yangdimulai di tahun 2001. Pada tahun 2002,program ini telah dikembangkan lebihlanjut melalui “Hardware Management”,“Software Management” dan “BrainwareManagement”.
Aspek “Hardware Management”mencakup upaya pengembangankawasan industri Sunter II menjadidaerah yang aman, nyaman dan bebasbanjir. Hal ini dilakukan melaluiperombakan sistem drainase,
pemasangan lampu penerang jalan,penghijauan serta pengembangansistem bantuan untuk menanganikeadaan darurat dengan cepat danefisien. Sejalan dengan program“Hardware Management”, program“Software Management” dikembangkanuntuk memformulasikan kebijakanstandar guna mengantisipasi danmenangani bencana banjir, termasukprosedur penanganan keadaan darurat.Sementara itu, program “BrainwareManagement” memiliki dua tujuan yaitupengembangan sebuah “Green Village”di daerah Sungai Bambu bekerja samadengan pihak UNESCO, UniversitasIndonesia dan Institut TeknologiIndonesia, serta untuk lebihmensosialisasikan kebijakan dan praktekLH&K3 Astra kepada masyarakat dilingkungan sekitar.
Manajemen Lingkungan Hidup, Kesehatan & Keselamatan Kerja
“90% of companies within Astra Group will achieveAstra Green Company standard by 2004 ...”
“90% perusahaan dalam Grup Astra akan meraih standarsebagai Green Company pada tahun 2004 …”
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In line with its vision of
“Prospering Together with
the Nation,” the Astra
Group initiated a number
of community
development programs
serving not only the local
communities surrounding
the Head Offices in Sunter
but also the local
communities surrounding
our subsidiary companies
throughout Indonesia.
Social Responsibility
Sesuai dengan cita-cita
Perseroan “Sejahtera Bersama
Bangsa”, Perseroan aktif
terlibat dalam berbagai
kegiatan pengembangan
masyarakat, program-program
ini ditujukan tidak saja bagi
masyarakat dilingkungan
kantor pusat Perseroan di
Sunter, namun juga bagi
komunitas lokal di sekitar
operasional anak perusahaan
Perseroan di seluruh Indonesia.
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Tanggung Jawab Sosial
Toyota-Astra FoundationThe Toyota-Astra Foundation (YTA) continued its support of education and culture in the communityin 2002 with programs and activities whose funding exceeded Rp 3.68 billion. The majority of thisfunding was used for a scholarship program for children of poor families. Scholarships were grantedat all levels of education from elementary school to university amounting to Rp 3.47 billion, andincluded 10 scholarships for bachelor’s degree students who were considered to be the 10 best studentsin Indonesia.
The Foundation also made substantial contributions to various universities throughout the country.These contributions were made in the form of research grants, technology project research aid andwere also used to support student science events such as seminars, symposiums and expositions.
Other Foundation activities included entrepreneurial development through an automotive trainingprogram and through Astra Auto Repair Shops, as well as the publication of books, manuals andother materials.
Dharma Bhakti Astra FoundationThe Dharma Bhakti Astra Foundation (YDBA) focuses on assisting in the development of Small andMedium Enterprises (SMEs) in Indonesia. In 2002, the Foundation sponsored 70 training programswith partners like Bank Mandiri, PT Sucofindo (Persero), PT Bank Ekspor Indonesia, and PT SurveyorIndonesia (Persero). These programs were followed by 1,532 SMEs, representing a significant increasein the number of participants compared to last year. Automotive mechanics was the most soughtafter training material and in order to meet this growing demand, discussions with our partners arecurrently underway to develop such materials and to develop 2 new training facilities: the PusatOtomotif Modern in Batam and PPOM in Cibitung (Bekasi).
Another way of supporting SMEs is through capital funding and the Foundation was quite active in2002, providing 90 SMEs with funds worth Rp 10.3 billion. This funding occurred through financialinstitutions and BUMNs and from the total, Rp 4 billion was given in the form of soft loans fromPUKK-BUMN with yearly interest of only 6%.
Yayasan Toyota-AstraYayasan Toyota-Astra (YTA)menyelenggarakan berbagai kegiatan dibidang pendidikan dan kebudayaan padatahun 2002, dengan pendanaankeseluruhannya melebihi Rp 3,68 miliar.Sebagian besar dari dana tersebutdipergunakan dalam program beasiswauntuk anak-anak dari keluarga yang kurangmampu. Sebanyak Rp 3,47 miliar danabeasiswa dibagikan kepada penerimamulai dari pelajar Sekolah Dasar sampaimahasiswa di perguruan tinggi, termasuk10 beasiswa bagi mahasiswa S1 yangtermasuk 10 mahasiswa berprestasi diIndonesia.
YTA juga memberikan bantuan danakepada berbagai perguruan tinggi diseluruh Indonesia, yang digunakan untukpembiayaan riset, bantuan bagi proyekriset teknik dan dukungan bagipenyelenggaraan lokakarya, simposiumataupun pameran ilmiah yang diadakanoleh mahasiswa.
Kegiatan lainnya yang dilakukan oleh YTAadalah dukungan pengembanganwirausaha melalui pengadaan programpelatihan di bidang otomotif dan bengkel-bengkel Astra Auto Repair Shop, sertapenerbitan berbagai buku, buku panduandan materi cetak lain di bidang tersebut.
Yayasan DharmaBhakti AstraYayasan Dharma Bhakti Astra (YDBA)berkiprah dalam mendukungpengembangan sektor usaha kecil danmenengah (UKM) di Indonesia. Pada tahun2002, YDBA mensponsori 70 programpelatihan bekerja sama dengan mitraseperti Bank Mandiri, PT Sucofindo(Persero), PT Bank Ekspor Indonesia danPT Surveyor Indonesia (Persero). Sebanyak1.532 pengusaha UKM, meningkat cukupbanyak dibandingkan tahun sebelumnya,mengikuti program-program pelatihan ini.Salah satu materi pelatihan yang palingdiminati adalah mekanik otomotif, danuntuk itu, YDBA sedang menjajakikemungkinan kerja sama dengan paramitra kerja untuk lebih mengembangkanprogram tersebut, termasuk pembangunandua fasilitas Pusat Pelatihan OtomotifModern (PPOM) di Batam dan Cibitung(Bekasi).
YDBA juga aktif menyalurkan pendanaanuntuk mendukung sektor UKM, dimanapada tahun 2002 sebanyak 90 pengusahaUKM telah menerima bantuan modalsenilai Rp 10,3 miliar, yang disalurkanmelalui berbagai mitra lembaga keuangandan Badan Usaha Milik Negara (BUMN).Dari jumlah tersebut, sebanyak Rp 4 miliardiberikan dalam bentuk pinjaman lunakmelalui skema PUKK-BUMN dengan sukubunga hanya 6% per tahun.
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The Dharma Bhakti Foundation Gallery at Jl. Majapahit No. 16 in Central Jakarta serves as the main venue for marketingpotential SME products, such as furniture and handy crafts. Sales for domestic markets increased from Rp 10.8 billionin 2001 to Rp 18.5 billion in 2002. The export market almost doubled from US$ 1.2 million last year to US$ 2.4 millionthis year.
Additionally, the Foundation was involved in expositions and seminars throughout the year including an “Exposition ofClustered Commodities” co-sponsored by Bappenas, and an exposition at the end of the year titled, “Bali EconomicRecovery through SMEs”. This particular exposition was a coordinated effort with PUKK-BUMN and SMEs and reflectedeveryone’s concern and sympathy for the people of Bali after the tragedy in October.
Astra Mitra VenturaThe venture capital company PT Astra Mitra Ventura (AMV) invested in 45 partner companies in 2002 with a totalinvestment of Rp 14.7 billion. These partners started to show some positive growth this past year due in large part tooverall economic stabilization but also as a result of increased operational activities and better revenues. In 2002, AMVreinvested capital funds in 3 potential partner companies amounting to Rp 5.2 billion. In the coming year, AMV plansto continue to support partner companies growth by providing optimal capital funding, exploring new businessopportunities for partner companies, restructuring unhealthy partner companies, being selective about investmentsand cooperating with YBDA and Astra subsidiaries.
Astra Manufacturing PolytechnicEstablished in 1995, Astra Manufacturing Polytechnic (“Polman Astra”) is an educational institution that providesopportunities to an average of 200 students per year in four areas at study:1. Production Equipment and Tool Making Program (P4) - established in 1995 in cooperation with ATMI Solo.2. Technique and Processes of Manufacturing Program (TPM) - established in 1996 in cooperation with the Department
of Mechanical Engineering of the Bandung Institute of Technology (ITB).3. Information System Program (SI) - established in 1999 in cooperation with the Department of Information Technology
of the Bandung Institute of Technology.4. Mechatronic Program. Currently in development.
Jalur pemasaran utama bagi produk-produk UKM seperti perabotan rumahtangga dan kerajinan adalah GaleriYayasan Dharma Bhakti di Jl. MajapahitNo. 16, Jakarta Pusat. Penjualan kepasar domestik meningkat dari Rp 10,8miliar tahun 2001 menjadi Rp 18,5 miliartahun 2002, sementara penjualan ekspormeningkat hampir dua kali lipat darisekitar US$ 1,2 juta menjadi US$ 2,4juta, pada periode yang sama.
Selain itu, YDBA juga aktif dalamberbagai kegiatan lokakarya danpameran selama tahun 2002, termasukacara “Exposition of ClusteredCommodities” yang disponsori bersamaoleh Bappenas, dan pameran bertema“Pemulihan Perekonomian Bali melaluiUKM” yang diadakan di penghujungtahun tersebut. Acara tersebutmerupakan hasil kerja sama denganPUKK-BUMN dan pengusaha sektorUKM, dan mencerminkan keprihatinanserta kepedulian kita semua terhadapmasyarakat Bali menyusul tragedi dibulan Oktober.
Astra Mitra VenturaPada tahun 2002, perusahaan modalventura PT Astra Mitra Ventura (AMV)
memiliki 45 mitra binaan dengan totaldana investasi sebesar Rp 14,7 miliar.Para mitra binaan tersebut telah mulaimenunjukkan kinerja yang positif ditahun 2002, terutama akibat semakinstabilnya perekonomian secara umum,selain akibat peningkatan aktivitasoperasional dan arus pendapatan. Padatahun 2002, AMV melakukan investasimodal sebesar Rp 5,2 miliar di tigaperusahaan mitra binaan yang potensial.Untuk tahun-tahun mendatang, AMVakan terus mendukung pengembanganmitra binaan melalui pendanaan modalyang optimal, mencermati berbagaipeluang usaha baru bagi mitra binaan,melakukan restrukturisasi neraca untukmitra binaan yang kurang sehat,disamping terus melakukan investasisecara selektif bekerja sama denganYDBA dan perusahaan-perusahaan dilingkungan kelompok usaha Astra.
PoliteknikManufaktur AstraDidirikan pada tahun 1995, PoliteknikManufaktur (Polman) Astra merupakanlembaga pendidikan yang menyediakankesempatan belajar bagi sekitar 200orang pelajar tiap tahunnya dalamempat bidang studi:
1. Program Pembuatan Peralatan danPerlengkapan Produksi (P4) yangdimulai tahun 1995 bekerja samadengan ATMI Solo.
2. Program Teknik Proses Manufaktur(TPM) yang mulai diselenggarakantahun 1996 bekerja sama denganDepartemen Teknik Industri ITB.
3. Program Sistem Informasi (SI) yangdidirikan tahun 1999 bekerja samadengan Departemen TeknologiInformasi ITB.
4. Program Mekatronik yang saat inisedang dalam tahappengembangan.
Rata-rata tiap tahun Polman Astramenampung sekitar 200 mahasiswa.Hingga akhir tahun 2000, institusi initelah meluluskan 268 orang yangseluruhnya terserap di industri grupAstra sekitar 60%, sedangkan 40% diluar grup.
Polman Astra terus berupayamempertahankan standar profesionaldan meningkatkan kualitas program-program pendidikannya, dan telahmemperoleh akreditasi dari BadanAkreditasi Nasional pada tahun 2002.Dengan sekitar 62% para lulusannyasaat ini bekerja di berbagai perusahaan
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dalam Grup Astra, keberadaan PolmanAstra mencerminkan komitmenPerseroan dalam mengembangkantenaga kerja profesional yang terampil,dalam meningkatkan kesejahteraankaryawan Astra dan masa depanbangsa dan negara Indonesia.
PengembanganMasyarakatSesuai dengan cita-cita Perseroan untuk“Sejahtera Bersama Bangsa”, Perseroanaktif terlibat dalam berbagai kegiatanpengembangan masyarakat pada tahun2002. Program-program ini ditujukantidak saja bagi masyarakat di lingkunganKantor Pusat Perseroan di Sunter,Jakarta, namun juga bagi komunitaslokal di sekitar operasional anakperusahaan Perseroan di seluruhIndonesia.
Bekerja sama dengan pemuka dananggota masyarakat setempat,Perseroan mengembangkan danmensponsori suatu lomba kebersihanlingkungan. Acara yang diadakan setiaptahun ini merupakan salah satu upayauntuk meningkatkan kebersihan,kesehatan dan keindahan lingkungansejalan dengan komitmen Astra sebagai
juara kebersihan dan keindahanperkantoran se-Jakarta Utara, dan juara2 se-DKI Jakarta tahun 2002, disampingmengembangkan kebanggaan dansemangat gotong-royong di lingkunganmasyarakat yang terlibat. Disamping ituAstra memberikan sumbangan kepadakorban banjir DKI Jakarta senilaiRp 1 miliar, mencerminkan komitmenAstra pada kepedulian masyarakat dilingkungannya. Komitmen tersebut jugadiwujudkan dalam bentuk pembagianpaket Hari Raya Lebaran dan Idul Adhakepada masyarakat di Sunter I danSunter II, serta hubungan baik yangterus dibina antara lain melalui aktivitasMasjid Astra yang berkapasitas 3000orang, yang dibangun oleh YayasanAmaliah Astra (YAA).
Pada tahun 2002, Perseroanmemberikan beasiswa kepada 400pelajar sekolah dasar dan sekolahmenengah di kawasan Sunter.Beasiswa juga diberikan oleh PT AstraAgro Lestari dan PT Astra Honda Motor,kepada masing-masing 800 dan 400pelajar. Perseroan menyumbangkandana bagi perbaikan sekolah danmasjid, serta mesin sepeda motor danmobil untuk praktikum dan buku-bukuteknik kepada beberapa Sekolah Teknik
Polman Astra accepts approximately 200 students every year. By the end of 2000, this institution had graduated 268students. Of the total graduates, 60% were employed in Astra Group and 40% were absorbed by non-Astra companies.
Astra Manufacturing Polytechnic continuously strives to improve the quality of its programs and to maintain its professionalstandards and in 2001, received its accreditation from the national accreditation bureau. With an average of 62% of itsgraduates joining the Astra Group, Astra Manufacturing Polytechnic reflects the Company’s commitment to the developmentof dedicated and skilled professionals and to the future of its workforce as well as to the future of the nation as a whole.
Community DevelopmentIn line with its policy of contributing to local communities and its vision of “Prosper with the Nation”, the Astra Groupinitiated a number of community development programs in 2002. These programs served not only the local communitiessurrounding the Head Offices in Sunter but also the local communities surrounding our subsidiary companies throughoutIndonesia.
The Company worked closely with local communities and local leaders to develop a neighborhood contest. This annualcontest is sponsored by the Company and contributes to the overall cleanliness of local neighborhoods as well as to asense of pride and community spirit in the areas. This contest is in line with our commitment to office and facilitycleanliness and aesthetics. Also in 2002 in a local government - sponsored contest for facility cleanliness, AstraInternational was ranked number 1 in North Jakarta and runner-up in Metropolitan Jakarta.
A total of Rp 1 billion donations were made to flood victims also attest to Astra’s commitment to local communities.This commitment was evident throughout the year as the Group made Idul Fitri and Idul Adha packages for the peoplein Sunter I and Sunter II and continued to maintain good relations with the community through the 3000 capacityAstra Mosque, which was built by the Astra Amaliah Foundation.
In 2002, the Company gave scholarships to 400 students from the Sunter area, ranging from elementary school agestudents to high school students. Meanwhile, PT Astra Agro Lestari and PT Astra Honda Motor also provided scholarshipsto 800 and 400 students respectively. The Company provided rehabilitation aid for schools and mosques and gavedemonstration models of motorcycle and car engines and technical guide books to Technical Schools (STM). The companyalso donated 2 Isuzu Elf buses to Indonesia’s National Sports Committee (KONI) for the use of Indonesian athletes.
Menengah (STM). Selain itu, Perseroanjuga menyumbangkan dua unitkendaraan bus Isuzu Elf kepada KONIuntuk dipergunakan bagi kepentinganpara olahragawan Indonesia.
Best Office Landscapein North Jakarta, 2002
Juara 1 Lomba TamanKantor Swasta
Kotamadya Jakarta UtaraTahun 2002
Runner up Office Landscapein DKI Jakarta, 2002
Juara 2 Lomba TamanKantor Swasta
DKI Jakarta Tahun 2002
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Corporate Plan in 2003
Pada tahun 2003 Perseroandiperkirakan akan menghadapibeberapa tantangan dengandibukanya perdagangan bebasASEAN (AFTA), namun Perseroanakan terus berupaya untukmempertahankan posisinya sebagaipemimpin pasar otomotif serta untukmenjadi yang terbaik di bidang usahalain yang ditekuni di masa mendatang.
Winning ConceptPerseroan akan meningkatkankompetensi inti yang dimiliki,menaikkan produktifitas danmengembangkan sinergi antar unitusaha. Untuk mendukung strategi ini,Perseroan akan terusmengembangkan jaringan otomotif
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In 2003, the Company will face several challenges with the implementation of the ASEAN Free TradeArea, but will continue to strive to maintain its position as the automotive market leader and willwork to be the best in its other fields of operations in the coming year.
Winning ConceptThe Company will leverage its core competence, increase productivity and develop synergy amongits business units. In support of this strategy, an integrated automotive network, consistent after-sales service and skilled human resources will be developed to improve productivity and customersatisfaction. The Company has already implemented its cross-selling program and an automotivefinancing, insurance and integrated purchase program and will implement its share service programin the coming year. All of these changes will make Astra more efficient, more productive and morecustomer-friendly.
Winning Team
In support of the winning concept, the Company will continue to maintain the highest standards ofrecruitment, personnel tracking, development, and performance management. The future of theCompany is in the hands of the people that work in it and by demanding the highest levels ofperformance and achievement, the Company will continue to grow and will be able to realize itsgreatest expectations.
yang terpadu, layanan purna-jualyang konsisten dan peningkatanketerampilan SDM agar dapatmeningkatkan produktifitas dansekaligus kepuasan pelanggan.Perseroan telah menerapkan programpenjualan-silang , pembiayaanotomotif dan asuransi, serta programpembelian secara terpadu, sementaraprogram pelayanan bersama (sharedservice) akan diterapkan dalam waktudekat. Kesemuanya ini akan membuatpelayanan Astra lebih efisien,produktif dan bersahabat.
Winning TeamUntuk mendukung Winning Concept,Perseroan akan terusmempertahankan standar yang tinggi
dalam melakukan proses rekrutmen,pengembangan SDM, manajemenkinerja SDM dan system peopletracking. Masa depan Perseroanterletak di tangan para karyawan yangterus berupaya mencapai yangterbaik, untuk memungkinkanpertumbuhan dan pencapaian lebihbesar lagi.
Winning SystemsUpaya karyawan Perseroan untukmencapai yang terbaik didukungmelalui penyempurnaan danpengembangan sistem daninfrastruktur melalui pemanfaatanyang efektif dari teknologi informasiterkini. Untuk mengadopsi budayaPerseroan yang didasarkan pada
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Rencana Perseroan Tahun 2003
Winning Systems
In order for employees to reach these lofty goals, it is necessary to support them with systems and infrastructure
and the Company is committed to improving and developing its infrastructure with the most effective, up-to-
date information technology available. In order to help everyone within the Group adopt the corporate culture
of the Company, the core of which consists of the Astra Corporate Philosophy, Catur Dharma, and Business and
Work Ethics, the Company has established the Astra Management System (AMS) and the Astra Human Resources
Management System (AHRM). The Company will also continue to develop its Enterprise Resource Planning
(ERP) program to increase operational and administrative efficiency and to lay the foundation for the launch of
our Customer Relationship Management (CRM) program.
Winning Principle
The emphasis on good corporate governance practices in all business operations is one of the Company’s main
goals, as it is essential to Astra’s reputation in the business world and in the community. The Board of Directors
within the Astra Group will always strive to carry out their responsibilities in a professional, transparent and
accountable manner. The Company will always strive to maintain the international standards of good corporate
governance and will continue to integrate these standards throughout the business units within the Group to
enhance the company’s image internally and externally.
Winning Relations
In 2003, the Company will remain committed to the environment, and to health and safety standards (EHS) in
all of its facilities and for the benefit of all of its employees. In addition, the Company will continue to implement
community development programs according to these principles and will strive to develop synergy and maintain
positive relations among its customers, joint venture principals, creditors, suppliers, investors and the community.
Catur Dharma dan pedoman KodeEtik Perusahaan, Perseroan telahmenerapkan Astra ManagementSystem (AMS) dan Astra HumanResources Management System(AHRM). Perseroan juga terusmengembangkan penggunaan sistemEnterprise Resource Planning (ERP)untuk meningkatkan efisiensioperasional dan administrasi, sertasebagai landasan untuk pelaksanaanprogram Customer RelationshipManagement (CRM).
Winning PrinciplePenekanan pada penerapan prinsiptata kelola perusahaan yang baik disemua lingkup bisnis Perseroan tetap
menjadi salah satu tujuan utamadalam rangka mempertahankanreputasi Perseroan di kalangan duniausaha dan masyarakat umum. Seluruhjajaran Direksi di unit-unit usaha GrupAstra akan melakukan tugas danfungsinya secara profesional,transparan dan bertanggung jawab.Perseroan senantiasa berupayamempertahankan prinsip-prinsip tatakelola perusahaan berdasarkanstandar internasional yang terbaik danakan terus mengintegrasikan prinsip-prinsip tersebut pada setiap unitusaha dalam lingkungan Grup Astraagar citra Perseroan dapatditingkatkan baik internal maupuneksternal.
Winning RelationsDi tahun 2003 Perseroan tetapmemegang teguh komitmennya padapeningkatan standar lingkunganhidup, kesehatan dan keselamatankerja (LH&K3) di tiap aspekoperasional yang bermanfaat bagiseluruh karyawan. Selain itu,Perseroan terus melakukankontribusinya pada berbagai programpengembangan masyarakat sejalandengan prinsip-prinsip LH&K3, sertamengembangkan sinergi darihubungan yang harmonis denganpara pelanggan, mitra usaha, kreditur,pemasok, pemodal dan masyarakat.
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Anthony John Liddell Nightingale(Commissioner / Komisaris)
Motonobu Takemoto(Commissioner / Komisaris)
This Annual Report has been signed by the members of the Board of Commissioners and the Board of Directors of PT Astra International Tbk in April 2003.Laporan Tahunan ini telah ditandatangani oleh anggota Dewan Komisaris dan Direksi PT Astra International Tbk pada bulan April 2003.
Board of CommissionersDewan Komisaris
Danny Walla(Director / Direktur)
Board of DirectorsDewan Direksi
John S. A. Slack(Director / Direktur)
Prijono Sugiarto(Director / Direktur)
Gunawan Geniusahardja(Director / Direktur)
Theodore Permadi Rachmat(President Commissioner / Presiden Komisaris)
Benny Subianto(Vice President Commissioner / Wakil Presiden Komisaris)
Kour Nam Tiang(Director / Direktur)
Budi Setiadharma(President Director / Presiden Direktur)
Michael Dharmawan Ruslim(Vice President Director / Wakil Presiden Direktur)
Sri Mulyani Indrawati(Commissioner / Komisaris)
Juwono Sudarsono(Commissioner / Komisaris)
Benjamin Arman Suriadjaya(Commissioner / Komisaris)
Neville Barry Venter(Commissioner / Komisaris)
Philip Eng Heng Nee(Commissioner / Komisaris)
Vimala Menon(Commissioner / Komisaris)
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Financial ReportLaporan Keuangan
PT Astra International Tbkand Subsidiaries / dan Anak Perusahaan
Consolidated Financial Statements /Laporan Keuangan Konsolidasian
31 December 2002 and 200131 Desember 2002 dan 2001
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DIREKSIPT ASTRA INTERNATIONAL TbkJl. Gaya Motor Raya No. 8
Sunter II, Jakarta 14330, Indonesia
Tel. : (62-21) 652 2555
Fax. : (62-21) 651 2058, 651 2059
PT ASTRA INTERNATIONAL TbkAND SUBSIDIARIES / DAN ANAK PERUSAHAAN
CONSOLIDATED FINANCIAL STATEMENTS31 DECEMBER 2002 AND 2001
Directors’ Statement
In accordance with a resolution of the Directors of
PT Astra International Tbk in the opinion of the Directors:
a) the consolidated financial statements of PT Astra
International Tbk and subsidiaries are drawn up so
as to present fairly the consolidated financial position
of PT Astra International Tbk and subsidiaries for the
years ended 31 December 2002 and 2001, and the
consolidated operating results, changes in equity, and
cash flows for the years ended 31 December 2002
and 2001;
b) the consolidated financial statements have been
prepared in accordance with accounting principles
generally accepted in Indonesia.
LAPORAN KEUANGAN KONSOLIDASIAN31 DESEMBER 2002 DAN 2001
Pernyataan Direksi
Sesuai dengan keputusan Direksi PT Astra International
Tbk kami menyatakan bahwa:
a) laporan keuangan konsolidasian PT Astra
International Tbk dan anak perusahaan menyajikan
secara wajar posisi keuangan konsolidasian PT Astra
International Tbk dan anak perusahaan untuk tahun
yang berakhir 31 Desember 2002 dan 2001, dan
laporan hasil usaha, perubahan ekuitas, serta arus
kas konsolidasian untuk tahun yang berakhir
31 Desember 2002 dan 2001;
b) penyajian laporan keuangan konsolidasian telah
dibuat sesuai dengan prinsip akuntasi yang berlaku
umum di Indonesia.
Jakarta, 19 March / Maret 2003
Board of Directors / Dewan DireksiPT Astra International Tbk
Budi SetiadharmaPresident Director / Presiden Direktur
John S. A. SlackDirector / Direktur
enterprise at your service
ASTRA international
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Corporate DataData Perseroan
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Theodore Permadi Rachmat(President Commissioner / Presiden Komisaris)
An Indonesian citizen, he has been the PresidentCommissioner of PT Astra International Tbksince June 2002. A former President Director ofthe company (1984 - 1998) before beingappointed as a commissioner of the company(1998 - 2000), he served as President Director ofthe company for the second time from 2000 -2002. He joined PT Astra International Tbk in1969. Mr. Rachmat is also a commissioner ofPT Unilever Indonesia Tbk (1999 - present), and isa former commissioner of PT Bank Universal Tbk(1995 - 2001). He has also served as the PresidentCommissioner (1994 - 1998), Commissioner (1984- 1991), President Director (1979 - 1983) andDirector (1972 - 1978) of PT United Tractors Tbk.He graduated from Bandung Institute ofTechnology in 1968.
Warga Negara Indonesia, menjabat sebagai PresidenKomisaris PT Astra International Tbk sejak Juni 2002.Sebelumnya pernah menjabat sebagai Presiden DirekturPerseroan (1984 - 1998), kemudian diangkat menjadiKomisaris Perseroan (1998 - 2000) dan untuk keduakalinya menjabat sebagai Presiden Direktur Perseroan(2000 - 2002). Bergabung dengan PT Astra InternationalTbk tahun 1969. Beliau adalah juga KomisarisPT Unilever Indonesia Tbk (1999 - sekarang), danpernah menjabat Komisaris PT Bank Universal Tbk(1995 - 2001). Pernah menjabat sebagai PresidenKomisaris (1994 - 1998), Komisaris (1984 - 1991),Presiden Direktur (1979 - 1983) dan Direktur (1972 -1978) di PT United Tractors Tbk. Menyelesaikanpendidikan di Institut Teknologi Bandung tahun 1968.
Benny Subianto(Vice President Commissioner / Wakil Presiden Komisaris)
An Indonesian citizen, he has been the VicePresident Commissioner of PT AstraInternational Tbk since February 2000 and hasbeen a commissioner since 1998. He started hiscareer at PT Astra International Tbk in 1969 andserved as the Vice President Director from 1990 -1998. He has served as the President Director ofPT United Tractors Tbk (1984 - 1997), PresidentDirector of PT Astra Agro Lestari Tbk (1989 -1999), President Commissioner of PT UnitedTractors Tbk (1997 - 1999), PresidentCommissioner of PT Berau Coal (1995 - 2001) andPresident Commissioner of PT KomatsuIndonesia Tbk (1993 - 1999). He graduated fromBandung Institute of Technology in 1969.
Warga Negara Indonesia, menjabat sebagai WakilPresiden Komisaris PT Astra International Tbk sejakFebruari 2000, dan sebelumnya sebagai KomisarisPerseroan sejak 1998. Memulai karir di PT AstraInternational Tbk pada tahun 1969 dan menjabat WakilPresiden Direktur (1990 - 1998). Pernah menjabatsebagai Presiden Direktur PT United Tractors Tbk (1984 -1997), Presiden Direktur PT Astra Agro Lestari Tbk (1989- 1999), Presiden Komisaris PT Berau Coal (1995 - 2001)dan Presiden Komisaris PT Komatsu Indonesia Tbk(1993 - 1999). Menyelesaikan pendidikan di InstitutTeknologi Bandung tahun 1969.
Benjamin Arman Suriadjaya(Commissioner / Komisaris)
An Indonesian citizen, he was re-appointed as acommissioner of PT Astra International Tbk atthe General Annual Meeting of Stockholders in2000. He joined PT Astra International Tbk in1970 and served as Director (1970 - 1973), VicePresident Director (1973 - 1979), PresidentDirector (1979 - 1984), Vice PresidentCommissioner (1984 - 1993) and variouspositions in subsidiaries. He has been acommissioner in the Company since 1993.He graduated from Bandung Institute ofTechnology in 1959.
Warga negara Indonesia. Sejak Rapat Umum PemegangSaham tahun 2002 diangkat kembali sebagai KomisarisPT Astra International Tbk. Bergabung dengan PT AstraInternational Tbk pada tahun 1970 dan pernah menjabatsebagai Direktur (1970 - 1973), Wakil Presiden Direktur(1973 - 1979), Presiden Direktur (1979 - 1984), WakilPresiden Komisaris (1984 - 1993) dan berbagai jabatandi anak perusahaan. Komisaris sejak 1993 hinggasekarang. Menyelesaikan pendidikan di Institut TeknologiBandung pada tahun 1959.
Sri Mulyani Indrawati(Commissioner / Komisaris)
An Indonesian citizen, she has been acommissioner of PT Astra International Tbk sinceFebruary 2000. She was appointed as theSecretary of the National Economy Board in 1999and has been a member of the Ministry ofFinance as an Assistant for Monetary Fund andFinance since 1998. She has held positions in theFaculty of Economics at the University ofIndonesia since 1985. She received a doctorate ineconomics from the University of Illinois, USA, in1992. She resigned as commissioner effective11 January 2003.
Warga Negara Indonesia, menjabat Komisaris PT AstraInternational Tbk sejak Februari 2000. Beliau diangkatsebagai Sekretaris di Dewan Ekonomi Nasional padatahun 1999 dan anggota Tim Asisten Menteri Keuanganbidang Moneter dan Keuangan sejak tahun 1998.Menduduki berbagai jabatan akademis di FakultasEkonomi, Universitas Indonesia sejak 1985.Menyelesaikan program doktoral bidang Ekonomi diUniversity of Illinois, AS, tahun 1992. Mengundurkan dirisebagai komisaris pada tanggal 11 Januari 2003.
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Juwono Sudarsono(Commissioner / Komisaris)
An Indonesian citizen, he has been acommissioner of PT Astra International Tbk sinceJune 2002 and a commissioner of PT Unileversince June 2001. He holds degrees from theUniversity of Indonesia, the University ofCalifornia Berkeley, USA, and the London Schoolof Economics (1978). He was a professor atGeorgetown University, Washington DC, andColumbia University, New York from 1986 - 1987,and Dean of the University of Indonesia from1988 - 1994. He was Vice Governor of theNational Defense Council, and has served asMinister of the Environment, Minister ofEducation and Culture and Minister of Defense.Currently, he is active as a professor at theUniversity of Indonesia and since 2002, as anInternational Consortium Advisor for theReform of the Indonesian House ofRepresentatives.
Warga Negara Indonesia, menjabat Komisaris PT AstraInternational Tbk sejak Juni 2002, dan KomisarisPT Unilever sejak Juni 2001. Memegang berbagai gelarakademis dari Universitas Indonesia, UniversitasCalifornia Berkeley, AS, dan London School ofEconomics (1978). Pernah mendapatkan gelar Profesordi Georgetown University, Washington DC dan diColumbia University, New York (1986 - 1987) sertaDekan di Universitas Indonesia (1988 - 1994). Beliauadalah Wakil Gubernur pada Lembaga PertahananNasional, dan pernah menjabat sebagai MenteriLingkungan Hidup, Menteri Pendidikan dan Kebudayaanserta Menteri Pertahanan. Saat ini beliau aktif sebagaiProfesor di Universitas Indonesia dan sejak tahun 2002sebagai penasehat ahli pada Konsorsium Internasionaluntuk Reformasi Dewan Perwakilan Rakyat Indonesia.
Motonobu Takemoto(Commissioner / Komisaris)
A Japanese citizen, he became a commissioner ofPT Astra International Tbk in May 2001. He joinedToyota Motor Sales Co., Ltd., in 1969. He has beenappointed as Managing Director of Toyota MotorAsia Pacific Pte., Ltd. (formerly known as ToyotaMotor Management Services Singapore., Pte.Ltd.)since 2001, and served as Executive Vice President ofToyota Motor Thailand Co.Ltd. in 1994. He graduatedfrom the Faculty of Business Administration at KobeUniversity, Japan in 1969.
Warga Negara Jepang, menjabat sebagai KomisarisPT Astra International Tbk sejak Mei 2001. Bergabungdengan Toyota Motor Sales Co. Ltd. Pada tahun 1969.Menjabat sebagai Direktur Pelaksana, Toyota Motor AsiaPacific Pte. Ltd. (Toyota Motor Management ServicesSingapore Pte. Ltd.) sejak tahun 2001, dan sebagaiExecutive Vice President Toyota Motor Thailand Co. Ltd.Pada tahun 1994. Menyelesaikan pendidikan di FakultasAdministrasi Niaga, Universitas Kobe, Jepang, tahun1969.
Anthony John Liddell Nightingale(Commissioner / Komisaris)
A British citizen, he has been a commissioner of thecompany since 2000. Currently, he serves asChairman of Jardine Pacific, Jardine Motor Group,Cycle & Carriage and MCL Land and as a director ofpublic listed companies including Jardine MathesonHoldings, Edaran Otomobil Nasional, Hap SengConsolidated and Cycle & Carriage Bintang. He isalso Deputy Chairman of the Hong Kong GeneralChamber of Commerce and a member of the HongKong Trade Development Council. He became aBoard member of Jardine Matheson Holdings in1994, after initially joining Jardine Matheson Groupin 1969. He obtained an honours degree in classicsfrom Peterhouse, Cambridge, in 1969.
Warga Negara Inggris, menjabat Komisaris PT AstraInternational Tbk sejak tahun 2000. Saat ini menjabatjuga sebagai Chairman di Jardine Pacific, Jardine MotorGroup, Cycle & Carriage dan MCL Land, serta sebagaiDirektur di beberapa perusahaan publik antara lainJardine Matheson Holdings, Edaran Otomobil Nasional,Hap Seng Consolidated dan Cycle & Carriage Bintang.Beliau adalah juga Deputy Chairman di Hong KongGeneral Chamber of Commerce dan anggota HongKong Trade Development Council. Bergabung denganJardine Matheson Group pada tahun 1969 dan menjadianggota Board di Jardine Matheson Holdings tahun1994. Meraih gelar sarjana (Honours) bidang Classicsdari Peterhouse, Cambridge, tahun 1969.
Vimala Menon(Commissioner / Komisaris)
A Malaysian citizen, she has been a member of theBoard of Commissioners of PT Astra InternationalTbk since 2000. Currently she is the ExecutiveDirector for Finance & Corporate Services of EdaranOtomobil Nasional Bhd, Malaysia, and sits on theboard of several companies in the Edaran OtomobilNasional Group. She is also a director of Cycle &Carriage Limited, Singapore, and MCL Land Limited,Singapore. Ms. Menon is an associate member ofthe Institute of Chartered Accountants in Englandand Wales and also a member of the MalaysianInstitute of Accountants.
Warga Negara Malaysia, menjabat Komisaris PT AstraInternational Tbk sejak tahun 2000. Saat ini menjabatjuga sebagai Direktur Eksekutif, Finance & CorporateServices di Edaran Otomobil Nasional Bhd, Malaysia,dan anggota Board di beberapa perusahaan di dalamGroup Edaran Otomobil Nasional. Menjabat sebagaiDirektur di Cycle & Carriage Limited, Singapore, dan diMCL Land Limited, Singapore. Terdaftar sebagaiassociate member dari Institute of CharteredAccountants di Inggris dan Wales serta anggota dariMalaysian Institute of Accountants.
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Neville Barry Venter(Commissioner / Komisaris)
A South African citizen, he has been a commissionerof PT Astra International Tbk since 2000. At present,he is the Group Finance Director of Cycle & CarriageGroup. He was previously the Finance Director ofJardine Pacific and prior to joining the JardineGroup, he was the Group Finance Director ofRennies Group Limited in South Africa.
Warga Negara Afrika Selatan, menjabat KomisarisPT Astra International Tbk sejak tahun 2000. Saat inimenjabat sebagai Group Finance Director di Cycle &Carriage Group. Sebelumnya menjabat Finance Directordi Jardine Pacific dan sebelum bergabung denganJardine Group beliau adalah Group Finance Director dariRennies Group Limited, Afrika Selatan.
Board of Commissioners
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Philip Eng Heng Nee(Commissioner / Komisaris)
A citizen of Singapore, he has been a commissionerof the Company since 2000. He has served with theCycle & Carriage Group in various positions since1982 and is currently the Group Managing Directorwith overall responsibility for the Group’soperations. He sits on the boards of the Cycle &Carriage Group‘s major subsidiaries and associatesin Malaysia, Australia, New Zealand, Thailand andVietnam, and is a director of MCL Land andMetalock, Singapore, and of Cycle & CarriageBintang, Malaysia. He is a past president of theSingapore Motor Traders Association (1988 to 1991)and is currently Deputy Chairman of the Singapore -Australia Business Alliance Forum (SABAF).
Warga Negara Singapura, menjabat Komisaris PT AstraInternational Tbk sejak tahun 2000. Menjabat berbagaiposisi di Cycle & Carriage Group sejak tahun 1982 dansaat ini adalah Group Managing Director yangbertanggung jawab atas operasional Grup. AnggotaBoard di berbagai anak perusahaan dan perusahaanafiliasi Cycle & Carriage Group di Malaysia, Australia,New Zealand, Thailand dan Vietnam, serta Direktur diMCL Land dan Metalock, Singapore dan di Cycle &Carriage Bintang, Malaysia. Pernah menjabat Presidendari Singapore Motor Traders Association (1988 - 1991)dan saat ini menjabat Deputy Chairman dari Singapore -Australia Business Alliance Forum (SABAF).
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Budi Setiadharma(President Director / Presiden Direktur)
An Indonesian citizen, Mr. Setiadharma wasappointed President Director of PT AstraInternational Tbk in July 2002. He joined theCompany in 1970 and currently serves as PresidentCommissioner of PT Astra Honda Motor,Commissioner of PT Toyota Astra Motor, PT AstraDaihatsu Motor and PT Astra Otoparts Tbk. He is aformer Vice President Director of PT AstraInternational Tbk (1998 - 2002), and has served asPresident Director (1978 - 2000) of PT Federal Motor,and General Manager of the Honda Division ofPT Astra International Tbk (1975 - 1978). Hegraduated from Parahyangan Catholic University,Bandung, in 1970.
Warga Negara Indonesia, menjabat Presiden DirekturPT Astra International Tbk sejak Juni 2002. Saat ini jugamenjabat sebagai Presiden Komisaris di PT Astra HondaMotor, Komisaris di PT Toyota Astra Motor, PT AstraDaihatsu Motor dan PT Astra Otoparts Tbk. Bergabungdengan Perseroan sejak tahun 1970 dan pernahmenjabat Wakil Presiden Direktur PT Astra InternationalTbk (1998 - 2002), Presiden Direktur PT Federal Motor(1978 - 2000) dan General Manager Honda Division,PT Astra International Tbk (1975 - 1978). Menyelesaikanpendidikan di Universitas Katolik Parahyangan,Bandung, 1970.
Michael Dharmawan Ruslim(Vice President Director / Wakil Presiden Direktur)
An Indonesian citizen, he has been Vice PresidentDirector of PT Astra International Tbk since 2002.He is responsible for coordinating all of thecompany’s non-automotive businesses andcorporate strategy and handles several corporatefunctions, as well as acting as the Group Director forthe Infrastructure Division. He joined the Companyin 1983 and was a director of PT Astra InternationalTbk (1991 - 2002). Prior to joining the company, hewas Assistant Vice President of Citibank N.A,Jakarta. He graduated from the University ofWisconsin-Madison, USA, in 1978.
Warga Negara Indonesia, menjabat Wakil PresidenDirektur PT Astra International Tbk sejak Juni 2002.Bertanggung jawab dalam mengkoordinasikan seluruhbisnis non-otomotif Perseroan, strategi perusahaan sertabeberapa fungsi eksekutif perusahaan lainnya, termasuksebagai Direktur Grup Divisi Infrastruktur. Pernahmenjabat sebagai Direktur PT Astra International Tbk(1991 - 2002). Sebelum bergabung dengan Perseroanpada tahun 1983 menjabat Assitant Vice President diCitibank N.A., Jakarta. Menyelesaikan pendidikan diUniversity of Wisconsin, Madison, AS, tahun 1978.
Danny Walla(Director / Direktur)
An Indonesian citizen, he has been a director ofPT Astra International Tbk since 1990 and isresponsible for Automotive Division I and IV(motorcycle and component). He joined thecompany in 1971 and currently serves as PresidentCommissioner of PT Astra Otoparts Tbk,Commissioner of PT Astra Agro Lestari Tbk. He is aformer commissioner of PT Astra Honda Motor (1993- 2000), President Commissioner of PT GS Battery,PT Kayaba Indonesia and PT Denso Indonesia Corp.(1990 - 2000), and President Director of PT GemalaKempa Daya (1989 - 1999). He graduated fromBandung Institute of Technology in 1971.
Warga Negara Indonesia, menjabat Direktur PT AstraInternational Tbk sejak tahun 1990, bertanggungjawabatas Divisi Otomotif I dan IV (sepeda motor dankomponen). Bergabung dengan Perseroan pada tahun1971 dan saat ini menjabat juga sebagai PresidenKomisaris di PT Astra Otoparts Tbk dan Komisaris diPT Astra Agro Lestari. Pernah menjabat sebagaiKomisaris di PT Astra Honda Motor (1993 - 2000),Presiden Komisaris di PT GS Battery, PT KayabaIndonesia dan PT Denso Indonesia Corp (1990 - 2000)serta Presiden Direktur PT Gemala Kempa Daya (1989 -1999). Menyelesaikan pendidikannya di Institut TeknologiBandung tahun 1971.
Kour Nam Tiang(Director / Direktur)
A Malaysian citizen, he has been a director ofPT Astra International Tbk since 2000. He isresponsible for the Heavy Equipment andAgribusiness Divisions as well as corporateInformation Systems and Technology. Currently, healso serves as the President Commissioner ofPT United Tractors Tbk, PT Astra Agro Lestari Tbk,and Commissioner of PT Astra Otoparts Tbk. He is aformer General Manager and Head of BusinessDevelopment of Cycle & Carriage Limited (1997 -2000) and has worked in investment banking andconsulting in China, Singapore, and Australia. Heobtained his CPA from the Australian Society ofCertified Practising Accountant (CPA) in 1988, afterreceiving a Master of Commerce from the Universityof New South Wales in 1986, and a Bachelor ofEconomics degree from the University of Sydney in1984.
Warga Negara Malaysia, menjabat Direktur PT AstraInternational Tbk sejak tahun 2000. Bertanggungjawabatas Divisi Alat Berat dan Agribisnis serta SistemInformasi Teknologi Perusahaan. Saat ini menjabat jugasebagai Presiden Komisaris di PT United Tractors Tbkdan PT Astra Agro Lestari Tbk, serta Komisaris diPT Astra Otoparts Tbk. Sebelumnya menjabat sebagaiGeneral Manager dan Head of Business Development diCycle & Carriage Limited (1997 - 2000) dan pernahbekerja di bidang investment banking dan konsultan diCina, Singapura dan Australia. Memperoleh CPA dariAustralian Society of Certified Practising Accountantpada tahun 1998, gelar master di bidang Commercedari University of New South Wales, Australia, tahun1986 dan gelar bachelor di bidang Ekonomi dariUniversity of Sidney, Australia, tahun 1984.
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Aminuddin(Corporate Secretary / Sekretaris Perusahaan)
An Indonesian citizen, he started his career atPT Astra International Tbk in 1975. He has served asCorporate Secretary of the Company since 2000.Currently, he also serves as Chief of CorporateCommunications, Chairman of Astra AmaliahFoundation and a board member of Toyota - AstraFoundation. He is a former Senior General Managerof Public Relations Division (1988-1996), DeputyChief of Corporate Public Affairs (1996-1998), Chiefof Corporate Public Affairs (1998-2000), Deputy ofPerhumas (1996-2000) and Deputy of ISKI (1996-2000). He graduated from Padjadjaran University,Bandung in 1971.
Warga Negara Indonesia, menjabat sebagai SekretarisPerusahaan PT Astra International Tbk sejak tahun 2000.Memulai karirnya bersama Perseroan pada tahun 1975.Saat ini menjabat juga sebagai Chief CorporateCommunications, Ketua Badan Pengurus YayasanAmaliah Astra, dan anggota Dewan Pengurus YayasanToyota - Astra. Pernah menjabat sebagai Senior GeneralManager, Divisi Public Relations (1988 - 1996), DeputyChief, Corporate Public Affairs (1996 - 1998), ChiefCorporate Public Affairs (1998 - 2000), Wakil KetuaPerhumas (1996 - 2000) dan Wakil Ketua ISKI (IkatanSarjana Komunikasi Indonesia) (1996 - 2000).Menyelesaikan pendidikannya di Universitas Pajajaran,Bandung, tahun 1971.
Prijono Sugiarto(Director / Direktur)
An Indonesia citizen, he has been a director ofPT Astra International Tbk since May 2001 and isresponsible for Automotive Division III (BMW,Daihatsu, Isuzu, Nissan Diesel and Peugeot). Hejoined the Company in 1990 and currently serves asPresident Commissioner of PT Pantja Motor,PT Astra Nissan Diesel Indonesia, PT Gaya Motor,PT Pulogadung Pawitra Laksana, and as the VicePresident Commissioner of PT Astra Daihatsu Motor,and Commissioner of PT Astra Sedaya Finance andPT Serasi Auto Raya. He is also Vice Chairman ofGaikindo (The Indonesian Automotive IndustryAssociation). Prior to joining the company, he wasSales Engineering Manager at Daimler-BenzIndonesia. He obtained his Dipl-Ing in AutomotiveEngineering from the University of A. Sc. Konstanz,Germany, in 1984, and Dipl-Wirtschaftsing inBusiness Administration from the University ofA. Sc. Bochum, Germany, in 1986.
Warga Negara Indonesia, menjabat Direktur PT AstraInternational Tbk sejak Mei 2001. Bertanggung jawabatas Divisi Otomotif III (BMW, Daihatsu, Isuzu, NissanDiesel dan Peugeot). Bergabung dengan Perseroansejak tahun 1990 dan saat ini menjabat juga sebagaiPresiden Komisaris di PT Panca Motor, PT Astra NissanDiesel Indonesia, PT Gaya Motor dan PT PulogadungPawitra Laksana, sebagai Wakil Presiden Komisaris diPT Astra Daihatsu Motor, dan sebagai Komisaris diPT Astra Sedaya Finance dan PT Serasi Auto Raya.Beliau juga adalah Wakil Ketua Gaikindo. Sebelumbergabung dengan Perseroan menjabat sebagai SalesEngineering Manager di Daimler-Benz Indonesia.Memperoleh gelar Dipl-Ing bidang AutomotiveEngineering dari University of A. Sc. Konstanz, Jerman,tahun 1984 serta gelar Dipl-Wirtschaftsing bidangAdministrasi Niaga dari University of A. Sc. Bochum,Jerman, tahun 1986.
Gunawan Geniusahardja(Director / Direktur)
An Indonesia citizen, he became a director ofPT Astra International Tbk in May 2001. He is GroupDirector for Astra System I Division - InformationTechnology and Financial Service Division. He joinedthe Company in 1981 and currently serves asPresident Commissioner of PT Astra Graphia Tbk,PT Astra Multi Finance, PT Federal InternationalFinance, and PT Astra CMG Life. He is PresidentDirector of PT Astra Sedaya Finance (1997 - present)and was Chief Executive of PT Astra InternationalTbk - Sales Operations (1990 - 1997). He graduatedfrom Indonesian Christian University, Jakarta, in1981.
Warga Negara Indonesia, menjabat Direktur PT AstraInternational Tbk sejak Mei 2001. Bertanggung jawabsebagai Direktur Grup untuk Divisi Tekonologi Informasidan Divisi Jasa Keuangan Astra. Bergabung denganPerseroan pada tahun 1981 dan saat ini menjabat jugasebagai Presiden Komisaris di PT Astra Graphia Tbk,PT Astra Multi Finance, PT Federal International Financedan PT Astra CMG Life, dan sebagai Presiden Direkturdi PT Astra Sedaya Finance. Sebelumnya pernahmenjabat sebagai Chief Executive - Sales Operations diPT Astra International Tbk (1990 - 1997). Menyelesaikanpendidikannya di Universitas Kristen Indonesia, Jakarta,tahun 1981.
John S. A. Slack(Director / Direktur)
A British citizen, he has been a director of PT AstraInternational Tbk since May 2001 and is responsiblefor Corporate Finance & Corporate Governance. Hehas served in senior financial positions withmultinational corporations including PriceWaterhouse, Standard Chartered Bank, El PasoEnergy, and KPMG in London, Sydney, Jakarta,Melbourne and Manila. He graduated from theUniversity of Manchester Institute of Science andTechnology in 1972 (BSc Chemical Engineering) andwas elected as a Fellow of the Institute of CharteredAccountants in England and Wales in 1975.
Warga Negara Inggris, menjabat Direktur PT AstraInternational Tbk sejak Mei 2001 dan bertanggungjawab dalam Keuangan Perseroan dan Tata KelolaPerusahaan. Sebelumnya menjabat berbagai posisisenior dalam bidang keuangan di beberapa perusahaanmultinasional seperti Price Waterhouse, StandardChartered Bank, El Paso Energy, dan KPMG di London,Sidney, Jakarta, Melbourne dan Manila. Memperolehgelar bachelor di bidang Teknik Kimia dari University ofManchester, Institute of Science and Technology tahun1972 dan terpilih sebagai Fellow of the Institute ofChartered Accountants di Inggris dan Wales tahun 1975.
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Organization Structure
Struktur Organisasi
Board of CommissionersPresident Commissioner : Theodore Permadi RachmatVice President Commissioner : Benny SubiantoCommissioner : Sri Mulyani Indrawati*
Benjamin Arman SuriadjayaJuwono SudarsonoMotonobu TakemotoAnthony John Liddell NightingaleVimala MenonPhilip Eng Heng NeeNeville Barry Venter
Board of DirectorsPresident Director : Budi SetiadharmaVice President Director : Michael D. RuslimDirector : Danny Walla
Kour Nam TiangJohn S. A. SlackPrijono SugiartoGunawan Geniusahardja
Executive CommitteeChairman : Philip Eng Heng NeeSecretary : Gidion HasanMembers : Anthony J. L. Nightingale
Vimala MenonNeville Barry VenterT. P. RachmatBudi SetiadharmaMichael D. RuslimKour Nam TiangJohn S. A. Slack
Audit CommitteeChairman : Benny SubiantoMembers : Patrick Alexander
Jusuf Halim
Remuneration andNomination Committee
Chairman : Philip Eng Heng NeeSecretary : Julius AslanMembers : Anthony J. L. Nightingale
Vimala MenonT. P. RachmatBudi SetiadharmaMichael D. Ruslim
Chief Executive Officer
Budi Setiadharma
Director In Charge Corporate Functions
Chief : Ganda Kusuma
Corporate Secretary
Corporate Strategic Planningand Business Development
Corporate Environment, Health, Safety, Securityand Community Development
Corporate Legal
Corporate Human Resources Development
Corporate Communications
Corporate Business Process
Corporate Information Systems & Technology
Toyota Sales Operation
AstraWorld
Isuzu Sales Operation
Daihatsu Sales Operation
Peugeot Sales Operation
BMW Sales Operation
Nissan Diesel Sales Operation
Yayasan Dharma Bhakti Astra
Koperasi Astra International
Dana Pensiun Astra
Politeknik Manufaktur Astra
Business Divisions
Astra Foundations
Chief : Endang Indriati
Chief : Arief Istanto
Chief : Robby Sani
Chief : Julius Aslan
Chief : Aminuddin
Chief : Yusnani T. Winarto
Chief Executive : M. A. Imanto
Chief Executive : M. A. Imanto
Chief Executive : Suparno Jasmin
Chief Executive : Johanes Loman
Chief Executive : J. Indratjuatja
Chief Executive : J. Indratjuatja
Chief Executive : Djony Bunarto
Chief Executive : Harry SiswantoHonda Sales Operation
Chief : Krisni Murti
Chief : Krisni Murti
Chief : Mamat Ma’mun
Chief : Siswanto P.
John S. A. Slack
Michael D. Ruslim
Budi Setiadharma
Kour Nam Tiang
Michael D. Ruslim
Prijono Sugiarto
Michael D. Ruslim
Danny Walla
Corporate Governance & Internal Audit
Corporate Finance
Chief : Kurniawan Tedjo
Chief : Endang Indriati
Chief : Aminuddin
* Resigned effective 11 January 2003
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Struktur Organisasi
Board of Commissioners
Board of Directors
Executive Committee
Remuneration andNomination Committee
Chief Executive Officer
Budi Setiadharma
Audit Committee
Coordinating Group Director
Automotive Business
Coordinating Group Director
Non Automotive Business
Group Director
Astra Motor I - Honda
Group Director
Astra Motor II - Toyota
Group Director
Astra Motor III - Non Toyota
Group Director
Astra Motor IV - Component
Group Director
Astra Heavy Equipment
Group Director
Astra Resources - Agribusiness
Group Director
Astra System I - Information Technology
Group Director
Astra Finance
Group Director
Astra System II - Infrastructure
Budi Setiadharma
Michael D. Ruslim
Danny Walla
Michael D. Ruslim
Prijono Sugiarto
Danny Walla
Kour Nam Tiang
Kour Nam Tiang
Gunawan Geniusahardja
Gunawan Geniusahardja
Michael D. Ruslim
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Corporate Information / Informasi Perseroan
Board of Commissioners / Dewan Komisaris
President Commissioner / Presiden Komisaris Theodore Permadi Rachmat
Vice President Commissioner / Wakil Presiden Komisaris Benny Subianto
Commissioner / Komisaris Sri Mulyani Indrawati
Commissioner / Komisaris Benjamin Arman Suriadjaya
Commissioner / Komisaris Juwono Sudarsono
Commissioner / Komisaris Motonobu Takemoto
Commissioner / Komisaris Anthony John Liddell Nightingale
Commissioner / Komisaris Vimala Menon
Commissioner / Komisaris Philip Eng Heng Nee
Commissioner / Komisaris Neville Barry Venter
Audit CommitteeKomite AuditBenny Subianto, Chairman / Ketua
Patrick Alexander
Jusuf Halim
Board of Directors / Dewan Direksi
President Director / Presiden Direktur Budi Setiadharma
Vice President Director / Wakil Presiden Direktur Michael Dharmawan Ruslim
Director / Direktur Danny Walla
Director / Direktur Kour Nam Tiang
Director / Direktur John S.A. Slack
Director / Direktur Prijono Sugiarto
Director / Direktur Gunawan Geniusahardja
Corporate SecretarySekretaris PerusahaanAminuddin
E-mail: [email protected]
Investor RelationsHubungan PerusahaanLukas Iwan, Gidion Hasan
E-mail: [email protected]
E-mail: [email protected]
AuditorKantor Akuntan Publik
Drs. Hadi Sutanto & Rekan
PricewaterhouseCoopers Building,
6th Floor
Jl. HR Rasuna Said Kav. C-3
Kuningan
Jakarta Selatan 12920
Tel. (62-21) 521-2901-6
Fax. (62-21) 521-2911/12
Share RegistrarBiro Administrasi EfekPT Raya Saham Registra
Plaza Sentral Building, Floor 2
Jl. Jend. Sudirman Kav. 47-48
Jakarta 12930
Tel. (62-21) 252-5666
Fax. (62-21) 525-5028
Shares ListedSaham TercatatJakarta Stock Exchange
Surabaya Stock Exchange
Registered OfficeAlamat PerusahaanAstra International Building
Jl. Gaya Motor Raya No. 8
Sunter II
Jakarta 14330
Tel. (62-21) 652-2555
Fax. (62-21) 651-2058/59
Homepage: www.astra.co.id
E-mail: [email protected]
©2003. Copyright PT Astra International Tbk Printed on recycle paper
PT ASTRA International Tbk Head Office: Jalan Gaya Motor Raya No. 8. Sunter II, Jakarta 14330, Indonesia • Tel: (62-21) 652 2555 Fax: (62-21) 651 2058, 651 2059