PTTobaPulpLestariTbk.

Business

PulpandPaper

CompanyStatus

PMA

Underwriter

PTDanareksaSekuritas,PTJardineFlemingNusantaraFinance,PTNomuraIndonesia,BAPINDO

Shareholder
2000
BriliantHoldingLtd.
SupremeGoodLtd.
HorstleyInternationalLtd.
DirectHoldingLtd
EdmondAssetsLtd.
BankofNewYork
Public

2001
14.34%
10.50%
9.82%
5.89%
5.63%
6.71%
47.11%

BriliantHoldingLtd.
SupremeGoodLtd.
HorstleyInternationalLtd.
DirectHoldingLtd
EdmondAssetsLtd.
PTAdimitraRayapratama
ElegantGloryHoldingsLtd.
GainCenturyHoldingsLtd.
Cooperative
Public

2008
14.30% PinnacleCompanyLimited
10.50% Public
9.80%
5.90%
5.60%
4.70%
3.10%
1.30%
1.00%
43.80%

2009
91.23% PinnacleCompanyLimited
8.77% Public

90.71%
9.29%

Management & Number of Employees

Board of Commissioners

Board of Directors

Number of Employees

2000

President Commissioner
Vice President Commissioners
Commissioners

Ir. Pagulnadi Tatit Setyawan

Per Raider Haugen
Sukanto Tanoto,
Mohamad Samadikun Hardjodarsono,
Drs.Buha Tambunan

President Director
Directors

Ir. Herbun Darlin

David John Pile, Sudibyo Markus, MBA
Drs.Bilman P.Butarbutar, MBA, Protasius Daritan

7,200

2001

President Commissioner
Vice President Commissioners
Commissioners

Julian Christopher Hills, MA, FCA

DR. Reidar Per Haugen
Drs. Michael Utama Purnama, MA

President Director
Directors

Drs. Bilman Philipus Butarbutar, MBA

Lennardi Anggijono, BSc, Ir. Rosman,
Dedy Sutanto, SH

7,200

2008

President Commissioner
Commissioners

Dedy Sutanto, SH, M.Hum

Drs. Sabam Leo Batubara, Ir. Willihar Tamba,
Lundu Panjaitan, SH, MA, Lennardi P. Anggijono

President Director
Directors

Roli Arifin
Juanda Panjaitan, SE, Wilim, Mulia Nauli,
Ir. Firman Purba

992

2009

President Commissioner
Commissioners

Roli Arifin
Drs. Sabam Leo Batubara
Lundu Panjaitan, SH, MA
Lennardi P. Anggijono

President Director
Directors

Subhash Chander Paruthi

Anwar Lawden, SH
Juanda Panjaitan, SE
Wilim
Ir. Firman Purba

970

Total Assets
Current Assets
of which
Cash on hand and in banks
Cash and cash equivalents
Notes and securities
Trade receivables
Inventories

1998

(million rupiah)
1999

2000

4,841,029
586,595

4,394,957
440,768

5,402,829
534,864

88,672

65,227

42,827

22,514

2,245

301,317

166,225

172,269

3,746,642

3,545,953

4,293,897

507,792

408,236

574,069

Liabilities
Current Liabilities
of which
Bank loans
Short-term debt
Bank borrowings
Trade payables
Notes payable
Accrued expenses
Payable to affiliates
Current maturities of
long-term debt
Long-term Liabilities
of which
Bank borrowings
Government of Indonesia
Non-Current Liabilities
Minority Interests in Subsidiaries

3,637,437
2,964,768

3,956,759
3,229,265

5,648,375
4,646,695

520,849
333,707
2,027,405

515,545
112,713
2,027,405

685,189
156,331
2,739,852

7,341
672,668

3,948
727,494

1,001,680

Shareholders' Equity
Paid-up capital
Paid-up capital
in excess of par value
Revaluation of fixed assets
Retained earnings (accumulated loss)

1,203,592
1,614,838

438,198
1,614,838

786,268

786,268

Receivable from affiliates

Non-current Assets
of which
Fixed Asset Net
Deffered Tax Assets
Investments
Other Assets

(245,546)
2,182,306
1,062,569

(1,197,514)

(1,962,909)

(3,490,421)

Net Sales
Cost of Good Sold
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Profit (Loss) before Taxes
Profit (Loss) after Taxes

1,241,492
914,210
327,282
222,429
104,853
(404,423)
(299,570)
(328,425)

709,134
647,733
61,401
192,935
(131,535)
(483,858)
(615,393)
(675,778)

804,761
682,799
121,962
187,064
(65,102)
(694,256)
(759,358)
(3,699,247)

Per Share Data (Rp)

Earnings (Loss) per Share
Equity per Share
Dividend per Share
Closing Price

(203)
745
500

(418)
271
950

(1,695)
(113)
340

(2)
1
-

(2.27)
3.50
-

(0.20)
(3.02)
-

0.20
3.02
0.75
0.26
0.08
n.a.
3.03
0.26
(6.78)
(27.29)

0.14
9.03
0.90
0.09
n.a.
n.a.
3.90
0.16
(15.38)
(154.22)

0.12
n.a.
1.05
0.15
n.a.
n.a.
3.96
0.15
(68.47)
(1,506.54)

1998

1999
(9.21)
(63.59)
(42.88)
106

2000
22.93
(156.04)
13.49
447

Financial Ratios
PER (x)
PBV (x)
Dividend Payout (%)
Dividend Yield (%)
Current Ratio (x)
Debt to Equity (x)
Leverage Ratio (x)
Gross Profit Margin (x)
Operating Profit Margin (x)
Net Profit Margin (x)
Inventory Turnover (x)
Total Assets Turnover (x)
ROI (%)
ROE (%)

1
2
3
4

Growth (%)
Indicators
Total Asset
Share Holder's Equity
Net Sales/Revenue
Net Provit

SUMMARY OF FINANCIAL STATEMENT

PT. Toba Pulp Lestari Tbk (INRU)

2006

(millionrupiah)
2007

2007

TotalAssets
CurrentAssets
ofwhich
Cashandcashequivalents
Tradereceivables
Inventories
NonCurrentAssets
ofwhich
FixedAssetsNet
DefferedTaxAssetsNet
Investments
OtherAssets

2,870,501
414,238

2,831,398
383,024

3,415,546
486,968

76,902
105,069
174,372
2,456,262

92,231
92,994
145,900
2,448,375

49,888
53,754
216,306
2,928,578

2,103,926
n.a
n.a
57,589

2,137,840
n.a
n.a
87,342

2,435,565
n.a
n.a
107,628

Liabilities
CurrentLiabilities
ofwhich
BankLoans
Tradepayable
AccruedExpenses
NonCurrentLiabilities

1,744,433
179,552

1,614,652
250,187

1,978,906
307,224

n.a
65,260
n.a
1,564,881

1,159
53,434
102,648
1,364,465

1,456
53,434
132,539
1,671,682

1,126,075
2,976,183

1,216,755
3,131,431

1,436,640
3,659,096

3,324,368
(5,174,476)

3,374,385
(5,289,061)

3,904,201
(6,126,656)

NetSales
CostofGoodsSold
GrossProfit
OperatingExpenses
OperatingProfit
OtherIncome(Expenses)
Profit(Loss)beforeTaxes
Profit(Loss)afterTaxes

831,500
624,882
206,618
114,825
91,793
(130,474)
(38,681)
(90,521)

1,296,243
800,850
495,392
148,688
346,704
(147,633)
199,071
111,314

1,264,791
1,033,373
231,417
190,234
41,183
(3,296)
37,887
22,119

PerShareData(Rp)
Earnings(Loss)perShare
EquityperShare
DividendperShare
ClosingPrice

n.a
n.a
n.a
n.a

82
897
n.a
720

16
1,047
n.a
195

FinancialRatios
PER(x)
PBV(x)
DividendPayout(%)
DividendYield(%)

n.a
n.a
n.a
n.a

8.77
0.80
n.a
n.a

12.09
0.19
n.a
n.a

2.31
1.55
0.61
0.25
0.11
n.a
3.58
0.29
(3.15)
(8.04)

1.53
1.33
0.57
0.38
0.27
0.09
5.49
0.46
3.93
9.15

1.59
1.38
0.58
0.18
0.03
0.02
4.78
0.37
0.65
1.54

Shareholders'Equity
Paidupcapital
Paidupcapital
inexcessofparvalue
Retainedearnings(accumulatedloss)

CurrentRatio(x)
DebttoEquity(x)
LeverageRatio(x)
GrossProfitMargin(x)
OperatingProfitMargin(x)
NetProfitMargin(x)
InventoryTurnover(x)
TotalAssetsTurnover(x)
ROI(%)
ROE(%)
PER=4.74x;PBV=0.23x(June2009)
FinancialYear:December31
PublicAccountant:Budiman,Wawan,Pamudji&Co.