ism_annual report 2010
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laporan keuangan pt indofood 2010TRANSCRIPT
S U S T A I N I N G
GROWTH ANNUAL REPORT 2010 LAPORAN TAHUNAN
laporan tahunan 2010
PERFORMANCE GRAPHS GRAFIK KINERJA KEUANGAN
INDOFOOD AT A GLANCE SEKILAS INDOFOOD
BRIEF HISTORY OF THE COMPANY RIWAYAT SINGKAT PERSEROAN
SHAREHOLDING STRUCTURE STRUKTUR PEMEGANG SAHAM
MANAGEMENT STRUCTURE STRUKTUR MANAJEMEN
OUR BRANDS MEREK-MEREK KAMI
SAMBUTAN KOMISARIS UTAMA
LAPORAN DIREKTUR UTAMA
BOGASARI BOGASARI
AGRIBUSINESS AGRIBISNIS
DISTRIBUTION DISTRIBUSI
AUDIT COMMITTEE REPORT LAPORAN KOMITE AUDIT
CORPORATE HUMAN RESOURCES SUMBER DAYA MANUSIA
CORPORATE SOCIAL RESPONSIBILITY
BOARD OF DIRECTORS DIREKSI
PRODUCTION FACILITIES FASILITAS PRODUKSI
ACKNOWLEDGEMENT PERNYATAAN
02
04
05
06
09
10
14
15
16
17
18
21
24
27
32
40
46
54
58
63
65
68
72
78
76
84
86
87
88
TECHNOLOGIES
• TO CONTRIBUTE TO THE WELFARE OF THE SOCIETY AND ENVIRONMENT
IN A SUSTAINABLE MANNER
• MEMBERIKAN SOLUSI ATAS KEBUTUHAN PANGAN SECARA
BERKELANJUTAN
PRODUKSI, DAN TEKNOLOGI KAMI
LINGKUNGAN SECARA BERKELANJUTAN
MISSION MISI
04
* Calculated based on weighted average number of shares ** Taking into account the equity of Minority Interest in Net Assets
of Subsidiaries
perusahaan
Dalam miliar Rupiah kecuali dinyatakan lain
Penjualan Bersih Laba Kotor
Jumlah Saham yang Ditempatkan dan Disetor Penuh (juta)
Laba Usaha (EBIT) Per Saham (Rp)* Laba Bersih Per Saham (Rp)*
Aset Lancar Kewajiban Lancar
Jumlah Ekuitas
In billion of Rupiah unless otherwise stated
Net Sales Gross Profit Income from Operations (EBIT) Net Income (NPAT)
Shares Outstanding (million) EBIT Per Share (Rp)* Earnings Per Share (Rp)*
Current Assets Current Liabilities Net Working Capital
Total Assets Capital Expenditures Total Shareholders' Equity
2010
Funded Debt
Return on Assets (%) - NPAT Return on Assets (%) - EBIT Return on Equity Current Ratio Liabilities to Assets Ratio Liabilities to Equity Ratio Gearing Ratio - Gross** Gearing Ratio - Net**
14.326,0
6,7
15,4
17.290,7
5,2
12,5
18.579,2
3,0
12,5
12.393,4
4,3
12,5
7.253,2
4,2
12,5
Pinjaman yang Dikenakan Bunga
Rasio Kewajiban Terhadap Aset Rasio Kewajiban Terhadap Ekuitas
Gearing Ratio - Gross** Gearing Ratio - Net**
Hak Minoritas atas Aset Bersih Anak Perusahaan
Jumlah Kewajiban
During The Year Selama Tahun Laporan
2009 I II III IV
During The Year Selama Tahun Laporan
PRICE (Rupiah) HARGA (Rupiah)
Share Price Rp, Harga Saham Rp JSX - CI, IHSG
Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Sep-10 Oct-10 Nov-10 Dec-10
1.000
2.000
3.000
4.000
SHARE PRICE INFORMATION INFORMASI HARGA SAHAM
As of December 31, 2010, Indofood’s 8,780,426,500 shares with a par value of Rp100 per share, were listed on the Indonesia Stock Exchange, with total registered shareholders exceeding 15,400. Share volume traded on the regular market during 2010 totaled 5,354,301,000 share at prices ranging from Rp3,300 per share to Rp5,800 per share and closing price at Rp4,875.
Per 31 Desember 2010, sejumlah 8.780.426.500 saham Indofood dengan nilai nominal Rp100 per saham, tercatat pada Bursa Efek Indonesia, dengan jumlah pemegang saham melebihi 15.400. Volume saham yang diperdagangkan di pasar reguler selama tahun 2010 berjumlah 5.354.301.000 dengan harga berkisar antara Rp3.300 per saham hingga Rp5.800 per saham dan ditutup pada harga Rp4.875.
06
PERFORMANCE GRAPHS GRAFIK KINERJA KEUANGAN
‘10
‘09
‘08
‘07
‘06
‘10
‘09
‘08
‘07
‘06
NET INCOME/NPAT (BILLION RUPIAH) LABA BERSIH (MILIAR RUPIAH)
‘10
‘09
‘08
‘07
‘06
Tbk (Indofood) has been progressively transformed to
become a Total Food Solutions company with operations
in all stages of food manufacturing from the production
of raw materials and their processing through to
consumer products on the retailer’s shelf. Today, it is
renowned as a well-established company and a leading
player in each category of business in which it operates.
In its business operations, Indofood capitalized on its
resilient business model with four complementary
Strategic Business Groups (Group), namely:
• Consumer Branded Products (CBP). Its business
activities are conducted by PT Indofood CBP
Sukses Makmur Tbk (ICBP), which was listed on
the Indonesia Stock Exchange (IDX) on 7 October
2010. ICBP is one of the leading packaged food
producers in Indonesia, with a wide range of
packaged food products. ICBP product brands are
among the strongest brands with the most significant
mindshare in Indonesia for consumer food brands.
• Bogasari, primarily a producer of wheat flour as
well as pasta. Its business operations is also
supported by shipping and packaging units.
• Agribusiness. Its business activities are concentrated
in Indofood Agri Resources Ltd. (IndoAgri), listed
on the Singapore Stock Exchange, and its
subsidiaries which include PT PP London Sumatra
Indonesia Tbk (Lonsum), listed on the Indonesia
Stock Exchange. The Group’s business principal
activities range from research and development,
seed breeding, oil palm cultivation and milling; as
well as the production and marketing of branded
cooking oils, margarine and shortening. In addition,
the Group is also involved in the cultivation and
processing of rubber and sugar cane as well as other
crops.
network in Indonesia. It distributes the majority of
Indofood’s and its subsidiaries’ consumer products
as well as third-party products.
Dalam beberapa dekade ini PT Indofood Sukses Makmur
Tbk (Indofood) telah bertransformasi menjadi sebuah
perusahaan Total Food Solutions dengan kegiatan
operasional yang mencakup seluruh tahapan proses
produksi makanan, mulai dari produksi dan pengolahan
bahan baku hingga menjadi produk akhir yang tersedia
di rak para pedagang eceran. Kini, Indofood dikenal
sebagai perusahaan yang mapan dan terkemuka di
setiap kategori bisnisnya. Dalam menjalankan kegiatan
operasionalnya, Indofood memperoleh manfaat dari
ketangguhan model bisnisnya yang terdiri dari empat
Kelompok Usaha Strategis (Grup) yang saling melengkapi
sebagai berikut:
usahanya dilaksanakan oleh PT Indofood CBP Sukses
Makmur Tbk (ICBP), yang sahamnya tercatat di
Bursa Efek Indonesia (BEI) sejak tanggal 7 Oktober
2010. ICBP merupakan salah satu produsen makanan
dalam kemasan terkemuka di Indonesia yang
memiliki berbagai jenis produk makanan dalam
kemasan. Berbagai merek produk ICBP merupakan
merek-merek yang terkemuka dan dikenal di
Indonesia untuk makanan dalam kemasan.
• Bogasari, memiliki kegiatan usaha utama
memproduksi tepung terigu dan pasta. Kegiatan
usaha Grup ini didukung oleh unit perkapalan dan
kemasan.
Indofood Agri Resources Ltd. (IndoAgri), yang tercatat
di Bursa Efek Singapura, dan anak-anak
perusahaannya termasuk PT PP London Sumatra
Indonesia Tbk (Lonsum), yang tercatat di BEI.
Kegiatan usaha utama Grup ini meliputi penelitian
dan pengembangan, pembibitan, pemuliaan dan
pengolahan kelapa sawit hingga produksi dan
pemasaran minyak goreng, margarin dan shortening
bermerek. Di samping itu, kegiatan usaha Grup ini
juga mencakup pemuliaan dan pengolahan karet
dan tebu serta tanaman lainnya.
• Distribusi, memiliki jaringan distribusi yang paling
luas di Indonesia. Grup ini mendistribusikan hampir
seluruh produk konsumen Indofood dan anak-anak
perusahannya, serta berbagai produk pihak ketiga.
INDOFOOD AT A GLANCE SEKILAS INDOFOOD
laporan tahunan 2010
annual report 2010
laporan tahunan 2010
Incorporated as PT Panganjaya Intikusuma. Didirikan dengan nama PT Panganjaya Intikusuma.
1 9 9 4
Initial Public Offering of 763 million shares at Rp1,000
par value per share, listing on the Indonesia Stock
Exchange.
dengan harga nominal Rp1.000 per saham, tercatat di
Bursa Efek Indonesia.
Performed a 1:2 stock split. Melaksanakan pemecahan saham dengan perbandingan
1:2.
and distribution companies.
of 305.2 million shares.
bidang perkebunan, agribisnis serta distribusi.
Melakukan penawaran umum terbatas dengan
perbandingan 1:5, total penambahan saham sebanyak
305,2 juta.
Issued Rp1 trillion Bond Series I.
Melaksanakan pemecahan saham dengan perbandingan
1:5.
2 0 0 1
the launch of an Employee Stock Ownership Plan (ESOP).
Menerima persetujuan atas rencana pembelian kembali
saham dan pelaksanaan Employee Stock Ownership Plan
(ESOP).
million shares.
Melaksanakan ESOP tahap I sebanyak 228,9 juta saham.
Melakukan pembelian kembali saham sebanyak 915,6
juta saham.
1 9 9 5
annual report 2010
Pte. Ltd.
Kalimantan.
Mengakuisisi 55,0% saham perusahaan perkapalan
Pacsari Pte. Ltd.
Kalimantan Barat.
Acquired plantation companies in West Kalimantan.
Acquired Convertible Bonds issued by a shipping
company, equivalent to 90.9% of equity.
Membentuk perusahaan patungan dengan Nestlé SA.
Mengakuisisi perusahaan perkebunan di Kalimantan
Barat.
perusahaan perkapalan, setara dengan 90,9%
kepemilikan saham.
shares.
Acquired 60% holding in a corrugated cardboard
company.
saham.
Mengakuisisi 60% saham perusahaan kemasan karton.
2 0 0 3
million shares.
Melaksanakan ESOP tahap II sebanyak 58,4 juta saham.
Menerbitkan Obligasi Seri II sebesar Rp1,5 triliun.
Listed the Agribusiness Group in the Singapore Stock
Exchange and placed new shares.
Issued Rp2 trillion Bond Series IV.
Acquired additional 35% stake in shipping company
Pacsari Pte. Ltd., increasing ownership to 90%.
Acquired 60% stake in plantation companies of Rascal
Holding Limited.
Participated in the issuance of new PT Mitra Inti Sejati
Plantation shares and held 70% ownership.
Acquired 64.41% equity stake in Lonsum
Mencatatkan saham Grup Agribisnis di Bursa Efek
Singapura dan menempatkan saham baru.
Menerbitkan Obligasi Seri IV sebesar Rp2 triliun.
Menambah sebesar 35% kepemilikan saham perusahaan
perkapalan Pacsari Pte. Ltd. menjadi 90% kepemilikan.
Mengakuisisi 60% kepemilikan saham di perusahaan
perkebunan Rascal Holding Limited.
kepemilikan.
2 0 0 7
Agribusiness Group issued Rp452 billion Bond Series
I and Rp278 billion Islamic Bond I.
Commencement of the internal restructuring of CBP
Group with the establishment of ICBP and the spin-off
of noodle and food ingredient businesses followed by
merging of all wholly-owned subsidiaries within the CBP
Group into ICBP.
sebesar Rp452 miliar dan Sukuk Ijarah I sebesar Rp278
miliar.
usaha seluruh anak perusahaan di Grup CBP, yang
seluruh sahamnya dimiliki oleh Perseroan, ke dalam
ICBP.
Indah shares and held 60% ownership.
Reissued 251,837,500 shares of treasury stock and
cancelled the remaining 663,762,500 shares of treasury
stock.
effectively owns 68.57% of shares in PT Indolakto, a
leading dairy company.
bulking facility.
PT Lajuperdana Indah dan memiliki sebesar 60%
kepemilikan.
menarik kembali 663.762.500 lembar treasury stock.
Mengakuisisi 100% saham Drayton Pte. Ltd. yang
memiliki secara efektif 68,57% saham di PT Indolakto,
sebuah perusahaan dairy terkemuka.
perkebunan yang memiliki fasilitas bulking.
2 0 0 9
2 0 1 0
transfer of shares of subsidiaries within CBP Group with
ownership of less than 100% to ICBP, and subsequently
conducted an Initial Public Offering followed by listing
of ICBP shares on IDX on 7 October 2010.
Increased ownership in Pacsari Pte. Ltd. by 10% to
become 100% owner.
Grup CBP dengan jumlah kepemilikan kurang dari 100%
ke ICBP dan melakukan Penawaran Umum Saham
Perdana yang dilanjutkan dengan pencatatan saham
ICBP di BEI pada tanggal 7 Oktober 2010.
Meningkatkan kepemilikan saham Pacsari Pte. Ltd.
sebesar 10% menjadi 100% kepemilikan.
annual report 2010
CAB Holdings Limited CAB Holdings Limited
Directors & Commissioners Direksi & Komisaris
Public (with ownership interest below 5%) Publik (dengan kepemilikan di bawah 5%)
Total Jumlah
Makmur Tbk, Indonesia Capital Markets Deal
• Top Brand Award 2010 – Indomie, Outstanding
Achievement in Building the Top Brand
• Top Brand Award 2010 – Pop Mie, Outstanding
Achievement in Building the Top Brand
• Top Brand Award 2010 – Indomilk, Outstanding
Achievement in Building the Top Brand
• Top Brand Award 2010 – Chitato, Outstanding
Achievement in Building the Top Brand
• Top Brand Award 2010 – Qtela, Outstanding
Achievement in Building the Top Brand
• Top Brand Award 2010 – Chili Sauce Indofood,
Outstanding Achievement in Building the Top Brand
• Top Brand Award 2010 – Bumbu Racik Indofood,
Outstanding Achievement in Building the Top Brand
• Indonesia Best Brand Award 2010 – Indomie,
Platinum Brand Award, Achievement of Indonesian
Best Brand Award for 8 Consecutive Years (2003-
2010)
• Superbrands 2010 – Indomie
• Superbrands 2010 – Indomilk
• Superbrands 2010 – Promina
• Superbrands 2010 – SUN
Editor’s Choice
Indomie, The Most Favourite Youth Brand
• The Best Trade Marketing & Distribution
Performance 2010 – Indomie, The Most Powerful
Total Index Instant Noodle Category
• The Best Trade Marketing & Distribution
Performance 2010 – Indomie, The Most Powerful
Trade Marketing Index Instant Noodle Category
• Indonesian Customer Satisfaction Award 2010 –
Indomie, Diamond Award, The Best in Achieving
Total Customer Satisfaction for 10 Years (2001-
2010)
Pop Mie, The Best in Achieving Total Customer
Satisfaction
The Best in Building and Managing Corporate Image
• The Wall Street Journal Asia 200, 2010, Fourth
Place in category Most Admired Company in
Indonesia
Most Powerful Companies in Indonesia
• Metro TV Economic Challenges Award 2010,
The Most Admirable Indonesian Company in the
Food Industry
The Most Trusted Company Based on Investors’ and
Analysts’ Assessment Survey
Social & Responsible Entrepreneurship, in
Investment In People Category
Wealth Added Index Method
• Indonesia Best Brand Award 2009 – Bimoli, Platinum
Brand Award, Achievement of Indonesian Best Brand
Award for 9 Consecutive Years (2002-2010)
• Superbrands 2010 – Bimoli
Bimoli, Diamond Award, The Best in Achieving Total
Customer Satisfaction for 11 Years (2000-2010)
• Indonesia Original Brands 2010 – Bimoli, Its
Contributions in Building Indonesia Original Brand
• Indonesia’s Most Favorite Women Brand 2010 –
Bimoli
Bimoli
Achievement in Building the Top Brand
• Top Brand Award 2010 – Cakra Kembar,
Outstanding Achievement in Building the Top Brand
• Indonesian Customer Satisfaction Award 2010 –
Segitiga Biru, Golden Award, The Best in Achieving
Total Customer Satisfaction for 7 Years (2004-2010)
• Indonesia Original Brands 2010 – Segitiga Biru,
Its Contribution in Building Indonesia Original Brand
• The Best Cargo Owner Award of Port Tanjung Priok,
In recognition of Valuable Contributions
BOGASARI
• Indonesia Original Brands 2010 – Pop Mie, Its
Contribution in Building Indonesia Original Brand
• Indonesia Original Brands 2010 – Indomilk, Its
Contribution in Building Indonesia Original Brand
• Indonesia Living Legend Brand 2010 – Supermi, Its
Contribution in Building Indonesia Living Legend
Brand
Living Legend Brand
Indomie
Indomie
• Word of Mouth Marketing Award 2010 – Pop Mie,
Most Recommended Brand in Cup Noodle Category
20
Para Pemegang Saham Yang Terhormat,
Indonesia’s economy achieved strong growth during
2010, with Gross Domestic Product (GDP) growing at
6.1% driven mainly by private domestic consumption.
Achievement of per capita income of US$3,000 is often
considered a benchmark for further economic progress.
Interest rates were maintained at the record low level
of 6.5% throughout the year, encouraging strong activity
in the consumer sector. At the same time, the inflation
rate accelerated, particularly in the second semester,
caused by increasing commodity prices brought by
adverse weather conditions.
Produk Domestik Bruto (PDB) mencapai 6,1%, terutama
didukung oleh konsumsi rumah tangga dalam negeri.
Pendapatan per kapita yang mencapai sebesar US$3.000
seringkali dianggap sebagai benchmark untuk terus
berlanjutnya perkembangan ekonomi. Sepanjang tahun
2010, tingkat suku bunga bertahan pada level yang
cukup rendah yaitu sebesar 6,5%, sehingga memacu
belanja rumah tangga. Secara bersamaan, tingkat inflasi
mengalami kenaikan, khususnya di semester kedua,
disebabkan oleh naiknya harga komoditas akibat kondisi
cuaca yang kurang menguntungkan.
THIS OUTSTANDING ACHIEVEMENT UNDERLINES
UNWAVERING FOCUS OF MANAGEMENT IN ADOPTING
AND IMPLEMENTING SOUND AND DYNAMIC
STRATEGIES IN DELIVERING AND ENHANCING VALUE.
PENCAPAIAN KINERJA YANG BAIK INI MENCERMINKAN
KEKUATAN MODEL BISNIS KAMI SERTA FOKUS
MANAJEMEN DALAM MENETAPKAN DAN
DALAM UPAYANYA UNTUK MENINGKATKAN KINERJA
DAN NILAI PERUSAHAAN.
annual report 2010
deliver a strong performance for the sixth consecutive
year. Our CBP Group, restructured and listed on IDX
late 2010 as PT Indofood CBP Sukses Makmur Tbk,
continued to show marked improvement in its
performance, while Bogasari and Agribusiness Groups
also recorded strong profitability.
of our business model and the unwavering focus of
management in adopting and implementing sound and
dynamic strategies in delivering and enhancing value.
The successful listing of ICBP has not only enhanced
the value of the company, but has also provided a solid
foundation for ICBP to grow its business further, while
allowing Indofood to deleverage and strengthen our
financial position.
the Indonesian economy. Increasing investment from
domestic and foreign entities as well as the Government
will create employment and ultimately spur growth in
the economy. Indofood, as one of the largest food
companies in Indonesia, will certainly benefit from the
potential growth, as food expenditures represent more
than 50% of domestic private consumption. Nonetheless,
challenges are forthcoming. Competition may intensify
as both global and domestic players enter or increase
their presence in segments where the Company operates.
Also, unpredictable weather conditions and the turbulence
in the Middle East and North Africa may exacerbate the
volatility in commodity prices.
It is imperative that we are cautious and prudent in
charting the strategic direction to ensure the relevance
and competitiveness of our products, while we persevere
in managing our supply chain efficiently and effectively.
To this end, we remain optimistic that Indofood will
continue to rise above the challenges and sustain its
performance.
kembali mencatatkan kinerja yang baik selama enam
tahun berturut-turut. Grup CBP, setelah dilakukannya
restrukturisasi dan sahamnya dicatatkan di BEI dengan
nama PT Indofood CBP Sukses Makmur Tbk di akhir
tahun 2010, terus meraih pertumbuhan dalam kinerja
usahanya. Di samping itu, Grup Bogasari dan Agribisnis
juga membukukan profitabilitas yang baik.
Pencapaian kinerja yang baik ini mencerminkan kekuatan
model bisnis kami serta fokus manajemen dalam
menetapkan dan melaksanakan strategi yang tepat dan
dinamis dalam upayanya untuk meningkatkan kinerja
dan nilai perusahaan. Keberhasilan penawaran umum
saham ICBP tidak saja telah meningkatkan nilai
perusahaan, tetapi juga memberikan landasan yang
kokoh bagi ICBP untuk terus mengembangkan usahanya,
serta memungkinkan untuk Indofood mengurangi hutang
dan memperkuat posisi keuangannya.
Indonesia mendatang. Meningkatnya investasi dari
berbagai perusahaan dalam dan luar negeri serta
pemerintah, akan menciptakan lapangan pekerjaan yang
akan memacu pertumbuhan ekonomi. Sebagai salah
satu perusahaan makanan terbesar di Indonesia,
Indofood tentunya akan mendapatkan manfaat dari
potensi pertumbuhan ini, mengingat belanja untuk
makanan menyumbang lebih dari 50% dari konsumsi
rumah tangga dalam negeri. Namun demikian, berbagai
tantangan juga diperkirakan akan bermunculan.
Persaingan akan semakin ketat dengan masuknya atau
meningkatnya kehadiran para pemain global dan
domestik di segmen-segmen di mana kami beroperasi.
Selain itu, kondisi cuaca yang tidak menentu serta
pergolakan yang terjadi di Timur Tengah dan Afrika
Utara dapat meningkatkan gejolak harga komoditas.
Oleh karenanya, penetapan arah strategi akan dilakukan
secara cermat dan hati-hati guna memastikan relevansi
dan daya saing produk-produk kami, sementara
pengelolaan mata rantai pasokan akan dilakukan secara
efisien dan efektif. Kami tetap optimis bahwa Indofood
akan mampu mengatasi berbagai tantangan tersebut
dan mempertahankan kinerjanya.
laporan tahunan 2010
Commissioners in its oversight and supervisory roles,
we have established the Nomination and Remuneration
Committee in addition to the Audit Committee.
In closing, I would like to thank our shareholders, the
Board of Directors, management, our employees,
suppliers, and most of all, our loyal customers, for their
continuing support and belief in Indofood. We remain
confident that we can sustain our performance in the
coming years.
Yours cordially,
yang tinggi. Dalam rangka membantu Dewan Komisaris
dalam menjalankan peran pengawasannya, di samping
Komite Audit kami juga telah membentuk Komite
Nominasi dan Remunerasi.
seluruh karyawan, pemasok, dan para pelanggan setia
kami, atas dukungan dan kepercayaannya yang terus
menerus kepada Indofood. Kami percaya akan dapat
terus mempertahankan kinerja kami di tahun-tahun
mendatang.
The sound domestic economic conditions in 2010
presented us with opportunities, particularly in consumer
branded segments. Rising commodity prices in the
second half of the year posed a challenge to our CBP
Group, but offered advantage to our Agribusiness Group.
We are gratified to have achieved very strong results
and sustained growth in our performance for six
consecutive years. Net income soared to Rp2.95 trillion,
while core or recurring profit rose to Rp2.98 trillion,
growing by 42.2% and 72.5% respectively. Our results
reflect the underlying strength of our core businesses
and management’s adeptness in responding to market
opportunities and challenges.
di segmen produk konsumen bermerek. Kenaikan harga
komoditas di semester kedua tahun 2010 merupakan
tantangan bagi Grup CBP, namun memberikan dampak
positif bagi Grup Agribisnis.
bertumbuh selama enam tahun berturut-turut. Laba bersih
meningkat mencapai Rp2,95 triliun, sementara core profit
atau recurring profit naik mencapai Rp2,98 triliun, masing-
masing tumbuh sebesar 42,2% dan 72,5%. Kinerja yang
baik tersebut mencerminkan ketangguhan kegiatan usaha
inti kami, serta kemampuan manajemen dalam
memanfaatkan peluang dan menghadapi tantangan di
pasar.
WE ARE GRATIFIED TO HAVE ACHIEVED VERY STRONG
RESULTS AND SUSTAINED GROWTH IN OUR
PERFORMANCE FOR SIX CONSECUTIVE YEARS.
KAMI GEMBIRA BERHASIL MERAIH KINERJA YANG BAIK
SERTA TERUS BERTUMBUH SELAMA ENAM TAHUN
BERTURUT-TURUT.
strengths to further grow our core businesses, as well
as maintain our market leadership and healthy margins.
We continued to build our brands, deepen our distribution
penetration, enhance product…
GROWTH ANNUAL REPORT 2010 LAPORAN TAHUNAN
laporan tahunan 2010
PERFORMANCE GRAPHS GRAFIK KINERJA KEUANGAN
INDOFOOD AT A GLANCE SEKILAS INDOFOOD
BRIEF HISTORY OF THE COMPANY RIWAYAT SINGKAT PERSEROAN
SHAREHOLDING STRUCTURE STRUKTUR PEMEGANG SAHAM
MANAGEMENT STRUCTURE STRUKTUR MANAJEMEN
OUR BRANDS MEREK-MEREK KAMI
SAMBUTAN KOMISARIS UTAMA
LAPORAN DIREKTUR UTAMA
BOGASARI BOGASARI
AGRIBUSINESS AGRIBISNIS
DISTRIBUTION DISTRIBUSI
AUDIT COMMITTEE REPORT LAPORAN KOMITE AUDIT
CORPORATE HUMAN RESOURCES SUMBER DAYA MANUSIA
CORPORATE SOCIAL RESPONSIBILITY
BOARD OF DIRECTORS DIREKSI
PRODUCTION FACILITIES FASILITAS PRODUKSI
ACKNOWLEDGEMENT PERNYATAAN
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TECHNOLOGIES
• TO CONTRIBUTE TO THE WELFARE OF THE SOCIETY AND ENVIRONMENT
IN A SUSTAINABLE MANNER
• MEMBERIKAN SOLUSI ATAS KEBUTUHAN PANGAN SECARA
BERKELANJUTAN
PRODUKSI, DAN TEKNOLOGI KAMI
LINGKUNGAN SECARA BERKELANJUTAN
MISSION MISI
04
* Calculated based on weighted average number of shares ** Taking into account the equity of Minority Interest in Net Assets
of Subsidiaries
perusahaan
Dalam miliar Rupiah kecuali dinyatakan lain
Penjualan Bersih Laba Kotor
Jumlah Saham yang Ditempatkan dan Disetor Penuh (juta)
Laba Usaha (EBIT) Per Saham (Rp)* Laba Bersih Per Saham (Rp)*
Aset Lancar Kewajiban Lancar
Jumlah Ekuitas
In billion of Rupiah unless otherwise stated
Net Sales Gross Profit Income from Operations (EBIT) Net Income (NPAT)
Shares Outstanding (million) EBIT Per Share (Rp)* Earnings Per Share (Rp)*
Current Assets Current Liabilities Net Working Capital
Total Assets Capital Expenditures Total Shareholders' Equity
2010
Funded Debt
Return on Assets (%) - NPAT Return on Assets (%) - EBIT Return on Equity Current Ratio Liabilities to Assets Ratio Liabilities to Equity Ratio Gearing Ratio - Gross** Gearing Ratio - Net**
14.326,0
6,7
15,4
17.290,7
5,2
12,5
18.579,2
3,0
12,5
12.393,4
4,3
12,5
7.253,2
4,2
12,5
Pinjaman yang Dikenakan Bunga
Rasio Kewajiban Terhadap Aset Rasio Kewajiban Terhadap Ekuitas
Gearing Ratio - Gross** Gearing Ratio - Net**
Hak Minoritas atas Aset Bersih Anak Perusahaan
Jumlah Kewajiban
During The Year Selama Tahun Laporan
2009 I II III IV
During The Year Selama Tahun Laporan
PRICE (Rupiah) HARGA (Rupiah)
Share Price Rp, Harga Saham Rp JSX - CI, IHSG
Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Sep-10 Oct-10 Nov-10 Dec-10
1.000
2.000
3.000
4.000
SHARE PRICE INFORMATION INFORMASI HARGA SAHAM
As of December 31, 2010, Indofood’s 8,780,426,500 shares with a par value of Rp100 per share, were listed on the Indonesia Stock Exchange, with total registered shareholders exceeding 15,400. Share volume traded on the regular market during 2010 totaled 5,354,301,000 share at prices ranging from Rp3,300 per share to Rp5,800 per share and closing price at Rp4,875.
Per 31 Desember 2010, sejumlah 8.780.426.500 saham Indofood dengan nilai nominal Rp100 per saham, tercatat pada Bursa Efek Indonesia, dengan jumlah pemegang saham melebihi 15.400. Volume saham yang diperdagangkan di pasar reguler selama tahun 2010 berjumlah 5.354.301.000 dengan harga berkisar antara Rp3.300 per saham hingga Rp5.800 per saham dan ditutup pada harga Rp4.875.
06
PERFORMANCE GRAPHS GRAFIK KINERJA KEUANGAN
‘10
‘09
‘08
‘07
‘06
‘10
‘09
‘08
‘07
‘06
NET INCOME/NPAT (BILLION RUPIAH) LABA BERSIH (MILIAR RUPIAH)
‘10
‘09
‘08
‘07
‘06
Tbk (Indofood) has been progressively transformed to
become a Total Food Solutions company with operations
in all stages of food manufacturing from the production
of raw materials and their processing through to
consumer products on the retailer’s shelf. Today, it is
renowned as a well-established company and a leading
player in each category of business in which it operates.
In its business operations, Indofood capitalized on its
resilient business model with four complementary
Strategic Business Groups (Group), namely:
• Consumer Branded Products (CBP). Its business
activities are conducted by PT Indofood CBP
Sukses Makmur Tbk (ICBP), which was listed on
the Indonesia Stock Exchange (IDX) on 7 October
2010. ICBP is one of the leading packaged food
producers in Indonesia, with a wide range of
packaged food products. ICBP product brands are
among the strongest brands with the most significant
mindshare in Indonesia for consumer food brands.
• Bogasari, primarily a producer of wheat flour as
well as pasta. Its business operations is also
supported by shipping and packaging units.
• Agribusiness. Its business activities are concentrated
in Indofood Agri Resources Ltd. (IndoAgri), listed
on the Singapore Stock Exchange, and its
subsidiaries which include PT PP London Sumatra
Indonesia Tbk (Lonsum), listed on the Indonesia
Stock Exchange. The Group’s business principal
activities range from research and development,
seed breeding, oil palm cultivation and milling; as
well as the production and marketing of branded
cooking oils, margarine and shortening. In addition,
the Group is also involved in the cultivation and
processing of rubber and sugar cane as well as other
crops.
network in Indonesia. It distributes the majority of
Indofood’s and its subsidiaries’ consumer products
as well as third-party products.
Dalam beberapa dekade ini PT Indofood Sukses Makmur
Tbk (Indofood) telah bertransformasi menjadi sebuah
perusahaan Total Food Solutions dengan kegiatan
operasional yang mencakup seluruh tahapan proses
produksi makanan, mulai dari produksi dan pengolahan
bahan baku hingga menjadi produk akhir yang tersedia
di rak para pedagang eceran. Kini, Indofood dikenal
sebagai perusahaan yang mapan dan terkemuka di
setiap kategori bisnisnya. Dalam menjalankan kegiatan
operasionalnya, Indofood memperoleh manfaat dari
ketangguhan model bisnisnya yang terdiri dari empat
Kelompok Usaha Strategis (Grup) yang saling melengkapi
sebagai berikut:
usahanya dilaksanakan oleh PT Indofood CBP Sukses
Makmur Tbk (ICBP), yang sahamnya tercatat di
Bursa Efek Indonesia (BEI) sejak tanggal 7 Oktober
2010. ICBP merupakan salah satu produsen makanan
dalam kemasan terkemuka di Indonesia yang
memiliki berbagai jenis produk makanan dalam
kemasan. Berbagai merek produk ICBP merupakan
merek-merek yang terkemuka dan dikenal di
Indonesia untuk makanan dalam kemasan.
• Bogasari, memiliki kegiatan usaha utama
memproduksi tepung terigu dan pasta. Kegiatan
usaha Grup ini didukung oleh unit perkapalan dan
kemasan.
Indofood Agri Resources Ltd. (IndoAgri), yang tercatat
di Bursa Efek Singapura, dan anak-anak
perusahaannya termasuk PT PP London Sumatra
Indonesia Tbk (Lonsum), yang tercatat di BEI.
Kegiatan usaha utama Grup ini meliputi penelitian
dan pengembangan, pembibitan, pemuliaan dan
pengolahan kelapa sawit hingga produksi dan
pemasaran minyak goreng, margarin dan shortening
bermerek. Di samping itu, kegiatan usaha Grup ini
juga mencakup pemuliaan dan pengolahan karet
dan tebu serta tanaman lainnya.
• Distribusi, memiliki jaringan distribusi yang paling
luas di Indonesia. Grup ini mendistribusikan hampir
seluruh produk konsumen Indofood dan anak-anak
perusahannya, serta berbagai produk pihak ketiga.
INDOFOOD AT A GLANCE SEKILAS INDOFOOD
laporan tahunan 2010
annual report 2010
laporan tahunan 2010
Incorporated as PT Panganjaya Intikusuma. Didirikan dengan nama PT Panganjaya Intikusuma.
1 9 9 4
Initial Public Offering of 763 million shares at Rp1,000
par value per share, listing on the Indonesia Stock
Exchange.
dengan harga nominal Rp1.000 per saham, tercatat di
Bursa Efek Indonesia.
Performed a 1:2 stock split. Melaksanakan pemecahan saham dengan perbandingan
1:2.
and distribution companies.
of 305.2 million shares.
bidang perkebunan, agribisnis serta distribusi.
Melakukan penawaran umum terbatas dengan
perbandingan 1:5, total penambahan saham sebanyak
305,2 juta.
Issued Rp1 trillion Bond Series I.
Melaksanakan pemecahan saham dengan perbandingan
1:5.
2 0 0 1
the launch of an Employee Stock Ownership Plan (ESOP).
Menerima persetujuan atas rencana pembelian kembali
saham dan pelaksanaan Employee Stock Ownership Plan
(ESOP).
million shares.
Melaksanakan ESOP tahap I sebanyak 228,9 juta saham.
Melakukan pembelian kembali saham sebanyak 915,6
juta saham.
1 9 9 5
annual report 2010
Pte. Ltd.
Kalimantan.
Mengakuisisi 55,0% saham perusahaan perkapalan
Pacsari Pte. Ltd.
Kalimantan Barat.
Acquired plantation companies in West Kalimantan.
Acquired Convertible Bonds issued by a shipping
company, equivalent to 90.9% of equity.
Membentuk perusahaan patungan dengan Nestlé SA.
Mengakuisisi perusahaan perkebunan di Kalimantan
Barat.
perusahaan perkapalan, setara dengan 90,9%
kepemilikan saham.
shares.
Acquired 60% holding in a corrugated cardboard
company.
saham.
Mengakuisisi 60% saham perusahaan kemasan karton.
2 0 0 3
million shares.
Melaksanakan ESOP tahap II sebanyak 58,4 juta saham.
Menerbitkan Obligasi Seri II sebesar Rp1,5 triliun.
Listed the Agribusiness Group in the Singapore Stock
Exchange and placed new shares.
Issued Rp2 trillion Bond Series IV.
Acquired additional 35% stake in shipping company
Pacsari Pte. Ltd., increasing ownership to 90%.
Acquired 60% stake in plantation companies of Rascal
Holding Limited.
Participated in the issuance of new PT Mitra Inti Sejati
Plantation shares and held 70% ownership.
Acquired 64.41% equity stake in Lonsum
Mencatatkan saham Grup Agribisnis di Bursa Efek
Singapura dan menempatkan saham baru.
Menerbitkan Obligasi Seri IV sebesar Rp2 triliun.
Menambah sebesar 35% kepemilikan saham perusahaan
perkapalan Pacsari Pte. Ltd. menjadi 90% kepemilikan.
Mengakuisisi 60% kepemilikan saham di perusahaan
perkebunan Rascal Holding Limited.
kepemilikan.
2 0 0 7
Agribusiness Group issued Rp452 billion Bond Series
I and Rp278 billion Islamic Bond I.
Commencement of the internal restructuring of CBP
Group with the establishment of ICBP and the spin-off
of noodle and food ingredient businesses followed by
merging of all wholly-owned subsidiaries within the CBP
Group into ICBP.
sebesar Rp452 miliar dan Sukuk Ijarah I sebesar Rp278
miliar.
usaha seluruh anak perusahaan di Grup CBP, yang
seluruh sahamnya dimiliki oleh Perseroan, ke dalam
ICBP.
Indah shares and held 60% ownership.
Reissued 251,837,500 shares of treasury stock and
cancelled the remaining 663,762,500 shares of treasury
stock.
effectively owns 68.57% of shares in PT Indolakto, a
leading dairy company.
bulking facility.
PT Lajuperdana Indah dan memiliki sebesar 60%
kepemilikan.
menarik kembali 663.762.500 lembar treasury stock.
Mengakuisisi 100% saham Drayton Pte. Ltd. yang
memiliki secara efektif 68,57% saham di PT Indolakto,
sebuah perusahaan dairy terkemuka.
perkebunan yang memiliki fasilitas bulking.
2 0 0 9
2 0 1 0
transfer of shares of subsidiaries within CBP Group with
ownership of less than 100% to ICBP, and subsequently
conducted an Initial Public Offering followed by listing
of ICBP shares on IDX on 7 October 2010.
Increased ownership in Pacsari Pte. Ltd. by 10% to
become 100% owner.
Grup CBP dengan jumlah kepemilikan kurang dari 100%
ke ICBP dan melakukan Penawaran Umum Saham
Perdana yang dilanjutkan dengan pencatatan saham
ICBP di BEI pada tanggal 7 Oktober 2010.
Meningkatkan kepemilikan saham Pacsari Pte. Ltd.
sebesar 10% menjadi 100% kepemilikan.
annual report 2010
CAB Holdings Limited CAB Holdings Limited
Directors & Commissioners Direksi & Komisaris
Public (with ownership interest below 5%) Publik (dengan kepemilikan di bawah 5%)
Total Jumlah
Makmur Tbk, Indonesia Capital Markets Deal
• Top Brand Award 2010 – Indomie, Outstanding
Achievement in Building the Top Brand
• Top Brand Award 2010 – Pop Mie, Outstanding
Achievement in Building the Top Brand
• Top Brand Award 2010 – Indomilk, Outstanding
Achievement in Building the Top Brand
• Top Brand Award 2010 – Chitato, Outstanding
Achievement in Building the Top Brand
• Top Brand Award 2010 – Qtela, Outstanding
Achievement in Building the Top Brand
• Top Brand Award 2010 – Chili Sauce Indofood,
Outstanding Achievement in Building the Top Brand
• Top Brand Award 2010 – Bumbu Racik Indofood,
Outstanding Achievement in Building the Top Brand
• Indonesia Best Brand Award 2010 – Indomie,
Platinum Brand Award, Achievement of Indonesian
Best Brand Award for 8 Consecutive Years (2003-
2010)
• Superbrands 2010 – Indomie
• Superbrands 2010 – Indomilk
• Superbrands 2010 – Promina
• Superbrands 2010 – SUN
Editor’s Choice
Indomie, The Most Favourite Youth Brand
• The Best Trade Marketing & Distribution
Performance 2010 – Indomie, The Most Powerful
Total Index Instant Noodle Category
• The Best Trade Marketing & Distribution
Performance 2010 – Indomie, The Most Powerful
Trade Marketing Index Instant Noodle Category
• Indonesian Customer Satisfaction Award 2010 –
Indomie, Diamond Award, The Best in Achieving
Total Customer Satisfaction for 10 Years (2001-
2010)
Pop Mie, The Best in Achieving Total Customer
Satisfaction
The Best in Building and Managing Corporate Image
• The Wall Street Journal Asia 200, 2010, Fourth
Place in category Most Admired Company in
Indonesia
Most Powerful Companies in Indonesia
• Metro TV Economic Challenges Award 2010,
The Most Admirable Indonesian Company in the
Food Industry
The Most Trusted Company Based on Investors’ and
Analysts’ Assessment Survey
Social & Responsible Entrepreneurship, in
Investment In People Category
Wealth Added Index Method
• Indonesia Best Brand Award 2009 – Bimoli, Platinum
Brand Award, Achievement of Indonesian Best Brand
Award for 9 Consecutive Years (2002-2010)
• Superbrands 2010 – Bimoli
Bimoli, Diamond Award, The Best in Achieving Total
Customer Satisfaction for 11 Years (2000-2010)
• Indonesia Original Brands 2010 – Bimoli, Its
Contributions in Building Indonesia Original Brand
• Indonesia’s Most Favorite Women Brand 2010 –
Bimoli
Bimoli
Achievement in Building the Top Brand
• Top Brand Award 2010 – Cakra Kembar,
Outstanding Achievement in Building the Top Brand
• Indonesian Customer Satisfaction Award 2010 –
Segitiga Biru, Golden Award, The Best in Achieving
Total Customer Satisfaction for 7 Years (2004-2010)
• Indonesia Original Brands 2010 – Segitiga Biru,
Its Contribution in Building Indonesia Original Brand
• The Best Cargo Owner Award of Port Tanjung Priok,
In recognition of Valuable Contributions
BOGASARI
• Indonesia Original Brands 2010 – Pop Mie, Its
Contribution in Building Indonesia Original Brand
• Indonesia Original Brands 2010 – Indomilk, Its
Contribution in Building Indonesia Original Brand
• Indonesia Living Legend Brand 2010 – Supermi, Its
Contribution in Building Indonesia Living Legend
Brand
Living Legend Brand
Indomie
Indomie
• Word of Mouth Marketing Award 2010 – Pop Mie,
Most Recommended Brand in Cup Noodle Category
20
Para Pemegang Saham Yang Terhormat,
Indonesia’s economy achieved strong growth during
2010, with Gross Domestic Product (GDP) growing at
6.1% driven mainly by private domestic consumption.
Achievement of per capita income of US$3,000 is often
considered a benchmark for further economic progress.
Interest rates were maintained at the record low level
of 6.5% throughout the year, encouraging strong activity
in the consumer sector. At the same time, the inflation
rate accelerated, particularly in the second semester,
caused by increasing commodity prices brought by
adverse weather conditions.
Produk Domestik Bruto (PDB) mencapai 6,1%, terutama
didukung oleh konsumsi rumah tangga dalam negeri.
Pendapatan per kapita yang mencapai sebesar US$3.000
seringkali dianggap sebagai benchmark untuk terus
berlanjutnya perkembangan ekonomi. Sepanjang tahun
2010, tingkat suku bunga bertahan pada level yang
cukup rendah yaitu sebesar 6,5%, sehingga memacu
belanja rumah tangga. Secara bersamaan, tingkat inflasi
mengalami kenaikan, khususnya di semester kedua,
disebabkan oleh naiknya harga komoditas akibat kondisi
cuaca yang kurang menguntungkan.
THIS OUTSTANDING ACHIEVEMENT UNDERLINES
UNWAVERING FOCUS OF MANAGEMENT IN ADOPTING
AND IMPLEMENTING SOUND AND DYNAMIC
STRATEGIES IN DELIVERING AND ENHANCING VALUE.
PENCAPAIAN KINERJA YANG BAIK INI MENCERMINKAN
KEKUATAN MODEL BISNIS KAMI SERTA FOKUS
MANAJEMEN DALAM MENETAPKAN DAN
DALAM UPAYANYA UNTUK MENINGKATKAN KINERJA
DAN NILAI PERUSAHAAN.
annual report 2010
deliver a strong performance for the sixth consecutive
year. Our CBP Group, restructured and listed on IDX
late 2010 as PT Indofood CBP Sukses Makmur Tbk,
continued to show marked improvement in its
performance, while Bogasari and Agribusiness Groups
also recorded strong profitability.
of our business model and the unwavering focus of
management in adopting and implementing sound and
dynamic strategies in delivering and enhancing value.
The successful listing of ICBP has not only enhanced
the value of the company, but has also provided a solid
foundation for ICBP to grow its business further, while
allowing Indofood to deleverage and strengthen our
financial position.
the Indonesian economy. Increasing investment from
domestic and foreign entities as well as the Government
will create employment and ultimately spur growth in
the economy. Indofood, as one of the largest food
companies in Indonesia, will certainly benefit from the
potential growth, as food expenditures represent more
than 50% of domestic private consumption. Nonetheless,
challenges are forthcoming. Competition may intensify
as both global and domestic players enter or increase
their presence in segments where the Company operates.
Also, unpredictable weather conditions and the turbulence
in the Middle East and North Africa may exacerbate the
volatility in commodity prices.
It is imperative that we are cautious and prudent in
charting the strategic direction to ensure the relevance
and competitiveness of our products, while we persevere
in managing our supply chain efficiently and effectively.
To this end, we remain optimistic that Indofood will
continue to rise above the challenges and sustain its
performance.
kembali mencatatkan kinerja yang baik selama enam
tahun berturut-turut. Grup CBP, setelah dilakukannya
restrukturisasi dan sahamnya dicatatkan di BEI dengan
nama PT Indofood CBP Sukses Makmur Tbk di akhir
tahun 2010, terus meraih pertumbuhan dalam kinerja
usahanya. Di samping itu, Grup Bogasari dan Agribisnis
juga membukukan profitabilitas yang baik.
Pencapaian kinerja yang baik ini mencerminkan kekuatan
model bisnis kami serta fokus manajemen dalam
menetapkan dan melaksanakan strategi yang tepat dan
dinamis dalam upayanya untuk meningkatkan kinerja
dan nilai perusahaan. Keberhasilan penawaran umum
saham ICBP tidak saja telah meningkatkan nilai
perusahaan, tetapi juga memberikan landasan yang
kokoh bagi ICBP untuk terus mengembangkan usahanya,
serta memungkinkan untuk Indofood mengurangi hutang
dan memperkuat posisi keuangannya.
Indonesia mendatang. Meningkatnya investasi dari
berbagai perusahaan dalam dan luar negeri serta
pemerintah, akan menciptakan lapangan pekerjaan yang
akan memacu pertumbuhan ekonomi. Sebagai salah
satu perusahaan makanan terbesar di Indonesia,
Indofood tentunya akan mendapatkan manfaat dari
potensi pertumbuhan ini, mengingat belanja untuk
makanan menyumbang lebih dari 50% dari konsumsi
rumah tangga dalam negeri. Namun demikian, berbagai
tantangan juga diperkirakan akan bermunculan.
Persaingan akan semakin ketat dengan masuknya atau
meningkatnya kehadiran para pemain global dan
domestik di segmen-segmen di mana kami beroperasi.
Selain itu, kondisi cuaca yang tidak menentu serta
pergolakan yang terjadi di Timur Tengah dan Afrika
Utara dapat meningkatkan gejolak harga komoditas.
Oleh karenanya, penetapan arah strategi akan dilakukan
secara cermat dan hati-hati guna memastikan relevansi
dan daya saing produk-produk kami, sementara
pengelolaan mata rantai pasokan akan dilakukan secara
efisien dan efektif. Kami tetap optimis bahwa Indofood
akan mampu mengatasi berbagai tantangan tersebut
dan mempertahankan kinerjanya.
laporan tahunan 2010
Commissioners in its oversight and supervisory roles,
we have established the Nomination and Remuneration
Committee in addition to the Audit Committee.
In closing, I would like to thank our shareholders, the
Board of Directors, management, our employees,
suppliers, and most of all, our loyal customers, for their
continuing support and belief in Indofood. We remain
confident that we can sustain our performance in the
coming years.
Yours cordially,
yang tinggi. Dalam rangka membantu Dewan Komisaris
dalam menjalankan peran pengawasannya, di samping
Komite Audit kami juga telah membentuk Komite
Nominasi dan Remunerasi.
seluruh karyawan, pemasok, dan para pelanggan setia
kami, atas dukungan dan kepercayaannya yang terus
menerus kepada Indofood. Kami percaya akan dapat
terus mempertahankan kinerja kami di tahun-tahun
mendatang.
The sound domestic economic conditions in 2010
presented us with opportunities, particularly in consumer
branded segments. Rising commodity prices in the
second half of the year posed a challenge to our CBP
Group, but offered advantage to our Agribusiness Group.
We are gratified to have achieved very strong results
and sustained growth in our performance for six
consecutive years. Net income soared to Rp2.95 trillion,
while core or recurring profit rose to Rp2.98 trillion,
growing by 42.2% and 72.5% respectively. Our results
reflect the underlying strength of our core businesses
and management’s adeptness in responding to market
opportunities and challenges.
di segmen produk konsumen bermerek. Kenaikan harga
komoditas di semester kedua tahun 2010 merupakan
tantangan bagi Grup CBP, namun memberikan dampak
positif bagi Grup Agribisnis.
bertumbuh selama enam tahun berturut-turut. Laba bersih
meningkat mencapai Rp2,95 triliun, sementara core profit
atau recurring profit naik mencapai Rp2,98 triliun, masing-
masing tumbuh sebesar 42,2% dan 72,5%. Kinerja yang
baik tersebut mencerminkan ketangguhan kegiatan usaha
inti kami, serta kemampuan manajemen dalam
memanfaatkan peluang dan menghadapi tantangan di
pasar.
WE ARE GRATIFIED TO HAVE ACHIEVED VERY STRONG
RESULTS AND SUSTAINED GROWTH IN OUR
PERFORMANCE FOR SIX CONSECUTIVE YEARS.
KAMI GEMBIRA BERHASIL MERAIH KINERJA YANG BAIK
SERTA TERUS BERTUMBUH SELAMA ENAM TAHUN
BERTURUT-TURUT.
strengths to further grow our core businesses, as well
as maintain our market leadership and healthy margins.
We continued to build our brands, deepen our distribution
penetration, enhance product…