PTAkashaWiraInternationalTbk.

(FormerlyPTAdesWatersIndonesiaTbk)

Business

Beverages(BottledMineralWater)

CompanyStatus

PMDN

Underwriter

PTPentasenaArthasentosa

Shareholders
2000
PTGunawanputraSepakat
LygonHoldingLimited
IntlFinanceCorp.
SwissBankCorporation
Public

2005
WatersPartnersBottlingS.A.
UBSAGSingaporeUBSEquities209114
Public

2001
41.29%
18.47%
13.00%
7.89%
19.35%

PTGunawanputraSepakat
IntlFinanceCorp.,USA
SwissBankCorporation,Jenewa
Public

2006
68.26% WatersPartnersBottlingS.A.
14.80% UBSAGSingaporeUBSEquities209114
16.94% Public

2002
41.29%
19.97%
7.90%
30.84%

PTGunawanputraSepakat
IntlFinanceCorp.,USA
SwissBankCorporation,Jenewa
Public

2007
68.26% WatersPartnersBottlingS.A.
15.80% UBSAGSingaporeUBSEquities209114
15.94% Public

2003
41.29%
19.97%
7.90%
30.84%

PTGunawanputraSepakat
IntlFinanceCorp.,USA
RefreshmentProductServices,Inc.
UnitedBankofSwitzerland,AG
Public

2004
28.13%
19.97%
10.00%
7.90%
34.00%

IntlFinanceCorp.,USA
PTGunawanputraSepakat
RefreshmentProductServices,Inc.
UnitedBankofSwitzerland,AG
Public

2008
68.26% WatersPartnersBottlingS.A.
16.23% UBSAGSingaporeUBSEquities209114
15.51% Public

14.73%
13.43%
10.00%
7.90%
53.94%

2009
91.94% WaterPartnersBottlingS.A.
2.88% UBSAGSingaporeUBSEquities209114
5.18% Public

Management & Number of Employees

Board of Commissioners

Board of Directors

Number of Employees

2000

President Commissioner
Commissioners

Irwan Gozali
Nicolas Limuria, Saleh Husin,
Djorchie Khoe

President Director
Directors

Alfi Gunawan
Janto Jahja, Aaf Haidarsyah, Sufendi,
Lim Ai Djun Sam

2,000

2001

President Commissioner
Vice President Commissioners
Commissioners

Alfi Gunawan
Irwan Gozali
Nicolas Limuria, Saleh Husin, Djorchie Khoe,
Darmawan Setiawanto

President Director
Vice President Directors
Directors

Janto Jahja
Lim Ai Djun Sam
Aaf Haidarsyah, Sufendi, Suriandy Chanry

2,741

2002

President Commissioner
Vice President Commissioners
Commissioners

Alfi Gunawan
Irwan Gozali
Nicolas Limuria, Saleh Husin, Djorchie Khoe,
Darmawan Setiawanto

President Director
Vice President Directors
Directors

Janto Jahja
Lim Ai Djun Sam
Aaf Haidarsyah, Sufendi, Suriandy Chanry

2,741

2003

President Commissioner
Commissioners

Alfi Gunawan
Saleh Husin
Aaf Haidarsyah
Darmawan Setiawanto
Janto Jahja

President Director
Directors

Sufendi
Indrawan

2,563

2004

President Commissioner
Commissioners

Alfi Gunawan
Saleh Husin
Aaf Haidarsyah
Darmawan Setiawanto
Janto Jahja

President Director
Directors

Sufendi
Indrawan

2,563

2005

President Commissioner
Commissioners

Samip Tarachand Shah

Emil Salim
Alfi Gunawan

President Director
Directors

Etienne Andre Maria Benet

Antonio Del Rosario, Patrick Lemoine,
Amrit Kumar Shrestha, Agustinus Gunadharma,
Gilles Duc

2,364

2006

President Commissioner
Commissioners

Samip Tarachand Shah

Emil Salim
Alfi Gunawan

President Director
Directors

Etienne Andre Maria Benet

Patrick Lemoine
Amrit Kumar Shrestha
Agustinus Gunadharma

2,364

2007

President Commissioner
Commissioners

Blair Richard Glass

Emil Salim, Peter Vogt

President Director
Directors

Etienne Andre Maria Benet

Patrick Lemoine, Amrit Kumar Shrestha,
Natali Ngadani, Jean Philippe Gourdon

1,518

2008

President Commissioner
Commissioners

Hanjaya Limanto
Danny Yuwono, Wagiyono

President Director
Directors

Agoes Soewandi Wangsapoetra

M. Wisnu Adjie

1,383

2009

President Commissioner
Commissioners

Hanjaya Limanto
Danny Yuwono
Ernie Susilawati

President Director
Director

Agoes Soewandi Wangsapoetra

M. Wisnu Adjie

285

(million rupiah)
2001

1998

1999

2000

Total Assets
Current Assets
of which
Cash on hand and in banks
Cash and cash equivalents
Trade receivables
Inventories
Non-current Assets
of which
Fixed Asset Net
Deffered Tax Assets-Net
Investment
Other Assets

298,836
51,706

250,455
43,014

219,761
27,580

22,769

16,095

2,064

7,752

7,821

4,219

2,061

14,361
12,553

14,696
10,217

12,528
11,792

15,269
9,987

16,077
9,193
172,874

14,623
9,981
162,421

11,497
7,775
77,361

1,670
22,341
21,883
149,258

215,009

195,410

191,180

173,127

171,115
n.a

160,621
258

75,701
258

147,330
1,258

3,372
28,749

300
11,731

300
701

476

Liabilities
Current Liabilities
of which
Bank loans
Bank borrowings
Trade payables
Taxes payable
Accrued expenses
Current maturities of
long-term debt
Long-term Liabilities
Non-current Liabilities
Minority Interests in Subsidiaries

308,405
297,138

259,761
253,014

129,276
112,608

127,873
73,316

120,038
61,404

101,799
80,981

85,500
60,682

297,953
278,891

41,051
7,828
1,737

35,500
9,222
2,233

47,975
15,594
2,144

52,000
11,029
2,684

44,700
9,201
3,421

31,744
6,218
1,440

20,244
15,035
1,253

6,130
1,120

11,265

6,746

16,666

54,555

58,635
1

20,818
1

24,818
1

19,062
n.a

207,358
33,755

2002

2003

2004

2005

206,917
34,043

192,043
29,622

102,977
25,616

210,052
60,794

225,895

Shareholders' Equity
Paid-up capital
Paid-up capital
in excess of par value
Retained earnings (accumulated lo

(9,569)
76,000

(9,306)
76,000

90,485
76,000

79,485
76,000

86,877
76,000

90,244
76,000

17,476
149,720

(87,901)
149,720

4,750
(90,319)

4,750
(90,056)

4,750
9,735

4,750
(1,265)

4,750
6,127

4,750
9,494

6,593
(138,837)

6,593
(244,214)

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

69,643
60,611
9,032
30,136
(21,104)
(54,547)
(75,652)
(86,414)

76,420
61,323
15,097
34,236
(19,139)
14,944
(4,195)
263

168,936
106,899
62,037
82,037
(20,000)
4,716
(15,283)
3,519

125,554
106,580
18,974
88,831
(69,857)
(78,475)
(148,332)
(148,331)

143,751
120,220
23,531
141,185
(117,654)
34
(117,620)
(119,256)

Per Share Data (Rp)

Earnings per Share
Equity per Share
Dividend per Share
Closing Price

(1,137)
(126)
400

3
(122)
1,025

1,313
1,191
10
2,300

(135)
1,046
1,125

97
1,143
2
725

46
1,187
n.a
1,025

(991)
117
n.a
2,257

(797)
(587)
n.a
1,660

Financial Ratios
PER (x)
PBV (x)
Dividend Payout (%)
Dividend Yield (%)

(0.35)
(3.18)
-

295.97
(8.37)
-

1.75
1.93
0.76
0.43

(8.35)
1.08
0.00
0.00

7.45
0.63
2.06
0.28

22.14
0.86
n.a
n.a

(2.28)
19.34
n.a
n.a

(2.08)
(2.83)
n.a
n.a

0.17
(32.23)
1.03
0.13
n.a.
n.a.
4.83
0.23
(28.92)
n.a.

0.17
n.a.
1.04
0.20
n.a.
0.00
6.00
0.31
0.11
(2.83)

0.24
1.43
0.59
0.16
n.a.
0.92
7.77
0.50
45.41
110.28

0.46
1.61
0.62
0.35
n.a.
n.a.
8.02
0.59
(4.94)
(12.88)

0.55
1.38
0.58
0.35
n.a
0.05
10.46
0.72
3.57
8.51

0.37
1.13
0.53
0.37
n.a
0.02
10.71
0.88
1.83
3.90

0.42
4.89
0.83
0.15
n.a
n.a
13.71
1.22
(144.04)
(848.77)

0.22
n.a
1.42
0.16
n.a
n.a
5.49
0.68
(56.77)
135.67

1998

1999
(16.19)
(2.75)
9.73
(100.30)

2000
(12.26)
(1,072.33)
42.63
37,843.35

2001
(5.64)
(12.16)
13.04
(110.26)

2002
(0.21)
9.30
20.49
(172.19)

2003
(7.19)
3.88
13.80
(52.39)

2004
(46.38)
(80.63)
(25.68)
(4,315.15)

2005
103.98
(602.98)
14.49
(19.60)

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/Income
Net Profit

108,997
91,678
17,319
47,561
(30,242)
130,465
100,223
99,791

123,206
80,067
43,139
49,116
(5,977)
(6,523)
(12,500)
(10,240)

148,456
96,154
52,302
60,936
(8,634)
19,555
10,921
7,392

Summary of Financial Statement

PT. Akasha Wira International Tbk.

d/h.:PT.AdesWatersIndonesiaTbk.
2006

(millionrupiah)
2007

2008

TotalAssets
CurrentAssets
ofwhich
Cashandcashequivalents
Tradereceivables
Inventories
NonCurrentAssets
ofwhich
FixedAssetsNet
DefferedTaxAssets

233,253
50,039

178,761
33,121

185,015
59,208

490
21,017
11,602
183,214

4,025
16,567
6,371
145,640

29,311
16,042
9,581
125,807

180,112
2,106

143,386
1,403

124,311
733

Liabilities
CurrentLiabilities
ofwhich
Bankloans
Tradepayables
Taxespayable
NonCurrentLiabilities
MinorityInterestsinSubsidiaries

449,948
427,199

111,655
96,346

133,117
115,217

381,089
6,214
822
22,749
n.a

16,887
3,840
796
15,309
n.a

84,251
14,599
842
17,900
n.a

Shareholders'Equity
Paidupcapital
Paidupcapital
inexcessofparvalue
Retainedearnings(accumulatedloss)

(216,695)
149,720

67,106
589,897

51,898
589,897

6,593
(373,008)

5,068
(527,859)

5,068
(543,067)

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

135,043
126,676
8,367
135,881
(127,514)
(1,608)
(129,122)
(128,794)

131,549
131,830
(281)
122,752
(123,033)
(28,953)
(151,986)
(154,851)

129,542
93,936
35,606
74,346
(38,740)
8,107
(30,633)
(15,208)

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

(860)
(1,447)
n.a
1,110

(263)
114
n.a
730

(26)
88
n.a
225

(1.29)
(0.77)
n.a
n.a

(2.78)
6.42
n.a
n.a

(8.73)
2.56
n.a
n.a

0.12
n.a
1.93
0.06
n.a
n.a
10.92
0.58
(55.22)
59.44

0.34
1.44
0.62
n.a
n.a
n.a
20.69
0.74
(86.62)
(230.76)

0.51
2.22
0.72
n.a
0.79
n.a
9.80
0.70
(8.22)
(29.30)

FinancialRatios
PER(x)
PBV(x)
DividendPayout(%)
DividendYield(%)
CurrentRatio(x)
DebttoEquity(x)
LeverageRatio(x)
GrossProfitMargin(x)
OperatingProfitMargin(x)
NetProfitMargin(x)
InventoryTurnover(x)
TotalAssetsTurnover(x)
ROI(%)
ROE(%)
PER=51.55x;PBV=7.11x(June2009)
FinancialYear:December31
PublicAccountant:SiddhartaSiddharta&Widjaja(2007);
HendrawinataGani&Hidayat(2008)