PTSMARTTbk.

Business

CookOilandMargarine,Estates

CompanyStatus

PMDN

Underwriter

PTWICarrIndonesia,PTIndovestSecurities

Shareholder
2000
PTPurimasSasmita
Public

2005
PTPurimasSasmita
Public

2001
51.00% PTPurimasSasmita
49.00% Public

2006
75.00% PTPurimasSasmita
25.00% Public

2002
51.00% PTPurimasSasmita
49.00% Public

2007
74.63% PTPurimasSasmita
25.37% Public

2003
51.00% PTPurimasSasmita
49.00% Public

2008
72.19% PTPurimasSasmita
27.81% Public

2004
51.00% PTPurimasSasmita
49.00% Public

51.00%
49.00%

2009
95.21% PTPurimasSasmita
4.79% Public

95.21%
4.79%

Management & Number of Employees

Board of Commissioners

Board of Directors

Number of Employees

2000

President Commissioner
Vice President Commissioners
Commissioners

Yoga Soegomo
Eka Tjipta Widjaja
Sukmawati Widjaja, Indra Widjaja,
Djafar Widjaja, John Pandelaki,
Samuel Bonsajang

President Director
Vice President Director
Directors

Muktar Widjaja
Franky Oesman Widjaja
Tan Siauw Liang, Haji Raden Soetadi,
Haji Oeminto, Daud Dharsono

37,300

2001

President Commissioner
Vice President Commissioners
Commissioners

Yoga Soegomo
Teguh Ganda Wijaya
Joseph Jo Liat Tjiang, John Ferdinand Pandelaki, Samuel Bonsajang
Athur Tahya, Iichaidi Elias

President Director
Vice President Director
Directors

Muktar Widjaja
Franky Oesman Widjaja
Tan Siauw Liang, Haji Raden Soetadi, Haji Oeminto
Jo Daud Dharsono, Simon Lim , Johanes Hardianto

12,181

2002

President Commissioner
Vice President Commissioners
Commissioners

Yoga Soegomo
Ir. Gandi Sulistiyanto Suherman
Drs. Ilchaidi Elias, Prof. DR. Teddy Pawitra,
Hajjah Ryani Soedirman, Athur Tahya, Letjend. TNI (Purn) Soetejo

President Director
Vice President Director
Directors

Muktar Widjaja
Franky Oesman Widjaja, Tan Siauw Liang
Haji Raden Soetadi, Haji Oeminto, Jo Daud Dharsono,
Simon Lim, Johanes Hardianto

13,048

2003

President Commissioner
Vice President Commissioners
Commissioners

Franky Oesman Widjaja

Ir. Gandi Sulistiyanto Soeherman
Drs. Ilchaidi Elias, Prof. DR. Teddy Pawitra,
Hajjah Ryani Soedirman, Athur Tahya,
Letjend. TNI (Purn) Soetejo

President Director
Vice President Director
Directors

Muktar Widjaja
Franky Oesman Widjaja, Tan Siauw Liang
Haji Raden Soetadi, Haji Oeminto, Jo Daud Dharsono,
Simon Lim, Johanes Hardianto

11,846

2004

President Commissioner
Vice President Commissioners
Commissioners

Franky Oesman Widjaja

Ir. Gandi Sulistiyanto Soeherman
Drs. Ilchaidi Elias
Prof. DR. Teddy Pawitra
Hajjah Ryani Soedirman
Athur Tahya
Letjend. TNI (Purn) Soetejo

President Director
Vice President Director

Muktar Widjaja
Jo Daud Dharsono, Simon Lim
Tan Siauw Liang
Haji Raden Soetadi
Haji Oeminto
Budi Wijana
Johanes Hardianto

11,251

Directors

2005

President Commissioner
Vice President Commissioners
Commissioners

Franky Oesman Widjaja

Ir. Gandi Sulistiyanto Soeherman
Rachmat Gobel, Prof. DR. Teddy Pawitra,
Hajjah Ryani Soedirman, Athur Tahya
Letjend. TNI (Purn) Soetedjo

President Director
Vice President Director
Directors

Muktar Widjaja
Jo Daud Dharsono, Simon Lim
Haji Oeminto, Drs. Budi Wijana,
Johanes Hardianto, Edy Saputra Suradja,
Rafael Buhay Concepcion Junior

11,948

2006

President Commissioner
Vice President Commissioners
Commissioners

Franky Oesman Widjaja

Ir. Gandi Sulistiyanto Soeherman
Rachmat Gobel
Prof. DR. Teddy Pawitra
Hajjah Ryani Soedirman
Athur Tahya
Letjend. TNI (Purn) Soetedjo

President Director
Vice President Director
Directors

Muktar Widjaja
Jo Daud Dharsono, Simon Lim
Haji Oeminto
Drs. Budi Wijana
Edy Saputra Suradja
Rafael Buhay Concepcion Junior

13,992

2007

President Commissioner
Vice President Commissioners
Commissioners

Franky Oesman Widjaja

Ir. Gandi Sulistiyanto Soeherman
Rachmat Gobel, Prof. DR. Teddy Pawitra,
Hajjah Ryani Soedirman, Athur Tahya,
Letjend. TNI (Purn) Soetedjo

President Director
Vice President Directors
Directors

Muktar Widjaja
Jo Daud Dharsono, Simon Lim
Haji Oeminto, Drs. Budi Wijana,
Edy Saputra Suradja, Rafael Buhay Concepcion Junior

14,251

2008

President Commissioner
Vice President Commissioners
Commissioners

Franky Oesman Widjaja

Muktar Widjaja, Simon Lim
Rachmat Gobel, Prof. DR. Teddy Pawitra,
Hajjah Ryani Soedirman, Susiyawi B. Hirawan,
Rafael B. Concepcion, Jr

President Director
Vice President Directors
Directors

Jo Daud Dharsono
Budi Wijana, Edy Saputra Suradja
Haji Oeminto, Jimmy Pramono,
Gianto Widjaja, Djanadi Bimo Prakoso

14,822

2009

President Commissioner
Vice President Commissioners

Franky Oesman Widjaja

Muktar Widjaja
Simon Lim
Rachmat Gobel
Prof. DR. Teddy Pawitra
Hajjah Ryani Soedirman
Susiyati B. Hirawan
Rafael B. Concepcion, Jr

President Director
Vice President Directors
Directors

Jo Daud Dharsono
Budi Wijana, Edy Saputra Suradja
Haji Uminto, Jimmy Pramono
DR. Ir. Gianto Widjaja, Djanadi Bimo Prakoso

14,775

Commissioners

Total Assets
Current Assets
of which
Cash on hand and in banks
Cash and cash equivalents
Time deposits
Trade receivables
Inventories
Receivable from affiliates
Non-current Assets
of which
Fixed Asset Net
Deffered Tax Assets
Investments
Other Assets
Liabilities
Current Liabilities
of which
Bank loans
Short-term debt
Bank borrowings
Trade payables
Taxes payable
Accrued expenses
Deferred income
Current maturities of
long-term debt
Long-term Liabilities
of which
Bank borrowings
Government of Indonesia
Non-Current Liabilities
Minority Interests in Subsidiaries
Shareholders' Equity
Paid-up capital
Paid-up capital
in excess of par value
Revaluation of fixed assets
Retained earnings (accumulated loss)

1998

1999

2000

2,555,647
1,039,636

2,773,292
882,935

3,919,860
658,203

190,703

85,387

139,038

(million rupiah)
2001

2,002

2,003

2004

2005

3,896,838
748,086

3,570,086
912,088

3,629,993
953,939

3,972,684
1,051,368

4,597,227
1,490,234

98,852

133,469

94,208

221,232
383,354

133,598
240,737

111,695
232,646

137,187
300,743

151,745
292,710

246,503
348,610

159,929
475,677

195,361
506,080

270,217
636,461

2,657,998

2,676,054

2,921,316

3,106,993

649,242

1,045,626

1,445,552

1,716,686

186,881
679,888

59,343
785,388

146,414
1,669,691

182,769
1,249,297

907,821
15,228
379,304
306,359

957,752
35,374
384,192
306,961

1,098,796
16,836
413,136
359,820

1,335,673
20,670
447,900
180,586

2,159,879
860,118

2,300,166
965,958

3,932,264
1,749,425

4,496,591
2,377,086

3,904,640
1,493,092

3,883,276
1,699,496

4,321,272
770,576

2,668,647
1,030,549

186,581

148,452

334,651

81,989

70,313

87,332

68,705

112,937

200,358

272,323

292,464

383,205

431,867

70,797
1,261,346

513,730
1,322,323

846,248
2,182,761

1,256,778
2,119,432

724,320

452,612

96,484

172,486

38,415

11,885

78

73

2,411,548
73

2,183,780
10

3,550,696
10

1,638,098
10

395,768
252,000

473,126
252,000

(12,404)
297,360

(599,753)
297,360

46,200

46,200

97,568

174,926

(309,764)

(897,113)

2,954,137
2,484,708
469,429
156,901
312,528
(70,380)
242,148
139,846

2,413,379
2,070,823
342,556
159,657
182,899
(722,390)
(539,491)
(550,926)

2,294,285
1,861,476
432,809
217,366
215,443
(793,947)
(578,504)
(600,666)

(334,627)
297,360
8,603
(640,590)

(253,294)
297,360
8,603

n.a

(348,598)
297,360
8,603

253,614

1,928,570
574,439
1,662,472

(559,257)

(654,561)

(308,341)

3,332,321
2,921,165
411,156
294,317
116,839
(60,270)
56,569
69,681

4,274,569
3,658,560
616,009
332,614
283,395
(348,221)
(64,826)
(107,960)

4,656,674
3,934,353
722,321
297,351
424,970
(187,283)
237,687
304,203

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

2,464,699
1,703,472
761,227
210,126
551,101
(479,910)
71,191
40,195

Per Share Data (Rp)

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

160
1,571
1,825

555
1,877
20
3,950

(1,853)
(42)
2,800

(2,020)
(2,017)
800

946
(1,125)
n.a
700

234
(852)
n.a
3,075

(363)
(1,172)
n.a
3,100

106
671
n.a
950

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

11.44
1.16
-

7.12
2.10
3.60
0.51

(1.51)
(67.12)
-

(0.40)
(0.40)
-

0.74
(0.62)
n.a
n.a

13.12
(3.61)
n.a
n.a

(8.54)
(2.64)
n.a
n.a

8.97
1.41
n.a
n.a

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 (%)

1.21
5.46
0.85
0.31
0.22
0.02
7.08
0.96
1.57
10.16

0.91
4.86
0.83
0.16
0.11
0.05
10.68
1.07
5.04
29.56

0.38
n.a.
1.00
0.14
0.08
n.a.
6.89
0.62
(14.05)
(4,441.52)

0.31
n.a.
1.15
0.19
0.09
n.a.
6.36
0.59
(15.41)
(100.15)

0.61
n.a
1.09
0.17
0.08
0.09
7.35
0.86
7.88
84.10

0.56
n.a
1.07
0.12
0.04
0.02
6.14
0.92
1.92
27.51

1.36
n.a
1.09
0.14
0.07
n.a
7.23
1.08
(2.72)
(30.97)

1.45
1.38
0.58
0.16
0.09
0.07
6.18
1.01
6.62
(15.77)

2000
41.34
(102.62)
(18.31)
(494)

2001
(0.59)
4,735.16
(4.93)
9

2,002
(8.39)
(44.21)
34.20
(147)

2,003
1.68
(24.31)
8.23
(75)

2004
9.44
37.63
28.28
(255)

2005
15.72
(653.24)
8.94
(382)

1
2
3
4

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

1998

1999
8.52
19.55
19.86
248

3,078,926
2,563,899
515,027
276,741
238,286
74,105
312,391
281,425

n.a

SUMMARY OF FINANCIAL STATEMENT

PT. SMART Corporation Tbk. (SMAR)

2006

(millionrupiah)
2007

2008

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

5,311,931
1,672,734

8,063,169
3,766,818

10,025,916
4,709,462

323,764
285,894
710,275
3,639,197

329,623
909,693
1,460,037
4,296,351

480,277
820,389
1,340,574
5,316,454

1,642,346
46,851
339,444
413,400

2,005,716
1,317
155,196
702,060

2,862,571
215,087
19,614
900,776

Liabilities
CurrentLiabilities
ofwhich
Shorttermdebt
Tradepayables
Currentmaturitiesof
longtermdebt
NonCurrentLiabilities
MinorityInterestsinSubsidiaries

2,734,706
1,089,633

4,534,913
2,189,600

5,406,234
2,734,320

232,716
439,814

1,040,502
696,229

1,703,090
510,466

267,650
1,645,073
10

43,382
2,345,313
10

51,698
2,671,915
4,477

2,577,215
574,439

3,528,246
574,439

4,615,204
574,439

1,662,472
340,304

1,662,472
1,291,335

1,662,472
2,378,293

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

4,708,250
3,853,588
854,662
237,578
617,084
13,674
630,758
628,005

8,079,714
5,854,466
2,225,248
562,006
1,663,242
(150,918)
1,512,324
988,944

16,094,425
12,338,649
3,755,776
1,615,265
2,140,511
(661,583)
1,478,928
1,046,389

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

219
897
46
3,650

344
1,228
5
6,000

364
1,607
180
1,700

Shareholders'Equity
Paidupcapital
Paidupcapital
inexcessofparvalue
Retainedearnings(accumulatedloss)

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

16.69
4.07
0.21
0.01

17.43
4.88
0.01
0.00

4.67
1.06
0.49
0.11

CurrentRatio(x)
DebttoEquity(x)
LeverageRatio(x)
GrossProfitMargin(x)
OperatingProfitMargin(x)
NetProfitMargin(x)
InventoryTurnover(x)
TotalAssetsTurnover(x)
ROI(%)
ROE(%)

1.54
1.06
0.51
0.18
0.13
0.13
5.43
0.89
11.82
24.37

1.72
1.29
0.56
0.28
0.21
0.12
4.01
1.00
12.26
28.03

1.72
1.17
0.54
0.23
0.13
0.07
9.20
1.61
10.44
22.67

PER=36.29x;PBV=1.97x(June2009)
FinancialYear:December31
PublicAccountant:MulyaminSensiSuryanto