PT Darya-Varia Laboratoria Tbk.

Pharmaceuticals

Head Office Talavera Office Park 8th -10th Floor Summary of Financial Statement
Jl. Letjend. T.B. Simatupang No. 22-26
Jakarta 12430 (Million Rupiah)
Phone (021) 7592-4500 2011 2012 2013
Fax (021) 7592-4501 Total Assets 922,945 1,074,691 1,190,054
E-mail: info@darya-varia.com Current Assets 696,925 826,343 913,984
Website: http://www.darya-varia.com of which
Factory Jl. Mercedes Benz No. 105, Desa Cicadas Cash and cash equivalents 256,481 292,912 316,701
Gunung Putri, Citeureup, Bogor, Jawa Barat Trade receivables 311,526 390,003 377,105
Phone (021) 867-0448, 867-1038 Inventories 118,444 132,823 206,682
Fax (021) 867-2758 Non-Current Assets 226,020 248,349 276,070
Business Pharmaceuticals of which
Company Status PMA Fixed Assets-Net 194,532 218,295 243,055
Deffered Tax Assets-Net 14,736 13,770 16,841
Financial Performance: In 2013 the Company booked Investments n.a. n.a. n.a.
net income at IDR125 billion, decreased from IDR148 billion Other Assets 2,982 2,175 2,419
booked in 2012.
Brief History: Founded in 1976 by Drs. Wim Kalona, PT Liabilities 195,028 233,145 275,351
Darya-Varia Laboratoria Tbk today operates two manufactur- Current Liabilities 142,424 191,718 215,473
of which
ing facilities after closing two other plants in 1998 as part of the Trade payables 29,288 34,553 52,197
Group re-structuring. Taxes payable 16,909 13,645 7,536
In end of December 2001, Far East Drug, an affiliated of Accrued Expenses 65,554 105,559 111,038
Unilab Group of Philippines purchased DVL Investment Limited Non-Current Liabilities 52,604 41,427 59,878
(DVLIL) which owns 89.5% of the total shares issued by Darya-
Shareholders' Equity 727,917 841,546 914,703
Varia, from First Pacific Group, Hong Kong. Paid-up capital 280,000 280,000 280,000
In July 2006, DVLIL and Far East Drug (BVI) Ltd. trans- Paid-up capital
ferred their Darya-Varia shares to Blue Sphere Singapore Pte. in excess of par value 77,828 77,828 77,828
Ltd. that is now the majority shareholder of Darya-Varia, which Revaluation of fixed assets n.a n.a n.a
owns 92.7% shares of the Company. Retained earnings (accumulated loss) 370,089 483,718 556,874

Net Sales 899,632 1,087,380 1,101,684

Cost of Goods Sold 349,019 436,270 441,028
Gross Profit 550,613 651,110 660,656
Operating Expenses 390,435 454,944 493,577
Operating Profit 160,178 196,166 167,079
Other Income (Expenses) 6,147 8,311 8,678
Profit (loss) before Taxes 166,325 204,477 175,757
Comprehensive Profit (loss) 120,915 148,909 125,796

Per Share Data (Rp)

Earnings (Loss) per Share 108 133 112
Equity per Share 650 751 817
Dividend per Share 31.5 35 22
Closing Price 1,150 1,690 2,200

Financial Ratios
PER (x) 10.65 12.71 19.59
PBV (x) 1.77 2.25 2.69
Dividend Payout (%) n.a 0.26 0.20
Dividend Yield (%) n.a 0.02 0.01

Current Ratio (x) 4.89 4.31 4.24

Debt to Equity (x) 0.27 0.28 0.30
Leverage Ratio (x) 0.21 0.22 0.23
Gross Profit Margin (x) 0.61 0.60 0.60
Operating Profit Margin (x) 0.18 0.18 0.15
Net Profit Margin (x) 0.13 0.14 0.11
Inventory Turnover (x) 2.95 3.28 2.13
Total Assets Turnover (x) 0.97 1.01 0.93
ROI (%) 13.10 13.86 10.57
ROE (%) 16.61 17.69 13.75
Shareholders PER = 17,28x ; PBV = 1,65x (June 2014)
Blue Sphere Singapore Pte., Ltd 92.66% Financial Year: December 31
Public 7.34% Public Accountant: Purwantono, Suherman & Surja

480 Indonesian Capital Market Directory 2014

PT Darya-Varia Laboratoria Tbk. Pharmaceuticals

Board of Commissioners Board of Directors

President Commissioner Jocelyn Campos Hess
Vice President Commissioner Sunarto Prawirosujanto
Commissioners Clinton Andrew Campos Hess,
Mariano John L. Tan, Jr.,
Laksamana Madya (Purn.) Soedibyo Rahardjo,
Sonny Kalona, Manual P. Engwa
President Director Charles Robert Bernabe Davis
Directors Carlos O. Nava, Marlia Hayati Gustam,
Yustina Endang Setyowati,
Angelito Celso C. Racho, Jr.,
Farida Oktaria Chalid, Bhanuwati Citarasmi
Number of Employees 1,512

No Type of Listing Listing Date Trading Date Number of Shares Total Listed
per Listing Shares
1 First Issue 11-Nov-94 11-Nov-94 10,000,000 10,000,000
2 Company Listing 11-Nov-94 11-Nov-94 20,670,000 30,670,000
3 Conversion 21-Nov-94 11-Jun-95 580,000 31,250,000
4 Stock Split 12-Oct-95 12-Oct-95 31,250,000 62,500,000
5 Bonus Shares 26-Oct-95 26-Oct-95 62,500,000 125,000,000
6 Right Issue 03-May-96 03-May-96 15,000,000 140,000,000
7 Right Issue 03-Jul-98 03-Jul-98 420,000,000 560,000,000
8 Stock Split 12-Nov-10 12-Nov-10 560,000,000 1,120,000,000
Underwriter PT Wardley James Caple Indonesia

Stock Price, Frequency, Trading Days, Number and Value of Shares Traded and Market Capitalization
Stock Price Shares Traded Trading Listed Market
Month High Low Close Volume Value Frequency Day Shares Capitalization
(Rp) (Rp) (Rp) (Thousand Shares) (Rp Million) (Rp Million)
January-13 1,750 1,680 1,740 1,116.00 1,909.00 201 21 1,120,000,000 1,948,800.00
February-13 1,850 1,730 1,820 3,720.00 6,614.00 572 20 1,120,000,000 2,038,400.00
March-13 2,325 1,800 2,275 2,436.00 4,903.00 350 18 1,120,000,000 2,548,000.00
April-13 2,325 2,000 2,200 1,401.00 3,047.00 251 21 1,120,000,000 2,464,000.00
May-13 3,925 2,100 3,925 6,193.00 19,459.00 1,614 21 1,120,000,000 4,396,000.00
June-13 4,175 2,200 2,800 3,937.00 12,775.00 1,843 19 1,120,000,000 3,136,000.00
July-13 3,050 2,400 2,650 1,362.00 3,756.00 408 22 1,120,000,000 296,800.00
August-13 2,775 1,930 2,150 657.00 1,514.00 156 17 1,120,000,000 2,408,000.00
September-13 2,500 2,000 2,225 326.00 712.00 107 17 1,120,000,000 2,492,000.00
October-13 2,400 2,200 2,250 271.00 619.00 69 17 1,120,000,000 2,520,000.00
November-13 2,250 1,990 2,100 128.00 268.00 47 13 1,120,000,000 2,352,000.00
December-13 2,250 2,000 2,200 424.00 884.00 67 17 1,120,000,000 2,464,000.00
January-14 2,250 2,000 2,070 757.00 1,592.00 137 19 1,120,000,000 2,318,400.00
February-14 2,150 2,000 2,080 190.00 390.00 95 15 1,120,000,000 2,329,600.00
March-14 2,180 2,030 2,030 157.00 330.00 94 17 1,120,000,000 2,273,600.00
April-14 2,750 2,010 2,050 611.00 1,373.00 373 19 1,120,000,000 2,296,000.00
May-14 2,175 2,005 2,105 355.00 732.00 264 18 1,120,000,000 2,357,600.00
June-14 2,120 1,915 1,925 223.00 455.00 111 16 1,120,000,000 2,156,000.00

Stock Price and Traded Chart

Stock Price (Rp) Thousand Shares
4,500 800

4,000 700

3,500
600
3,000
500
2,500
400
2,000
300
1,500
200
1,000

500 100

- -
Jan-13 Mar-13 May-13 Jul-13 Sep-13 Nov-13 Jan-14 Mar-14 May-14

Institute for Economic and Financial Research 481