Astra Otoparts Tbk.

[S]
BALANCE SHEET Dec-06 Dec-07
(Million Rp except Par Value)
Cash & Cash Equivalents 228,024 367,564
Receivable 592,142 715,042

Inventories 410,010 497,022

Current Assets 1,288,865 1,639,393
Fixed Assets 719,140 669,122
Other Assets 60,834 59,655
Total Assets 3,028,160 3,454,254
Growth (%) 15.26%

Current Liabilities 737,514 758,853

Long Term Liabilities 329,415 335,881
Total Liabilities 1,066,929 1,094,734
Growth (%) 2.61%

Minority Interest 96,770 98,106

Authorized CapitalAuthorized Capital 1,000,000 1,000,000
Paid up Capital 385,579 385,579
Paid up Capital (Shares) 771 771
Par Value 500 500
Retained Earnings 1,385,913 1,771,416
Total Equity 1,864,461 2,261,414
Growth (%) 21.29%

INCOME STATEMENTS Dec-06 Dec-07

Total Revenues 3,371,898 4,205,275
Growth (%) 24.72%

Expenses 2,763,439 3,402,551

Gross Profit 608,459 802,724
Operating Expenses 450,107 430,525
Operating Profit 158,352 372,199
Growth (%) 135.05%

Other Income (Expenses) 100,694 2,419

Income before Tax 386,857 374,618
Tax 99,709 112,507
Minority Interest -5.09 -28.43
Net Income 282,058 454,907
Growth (%) 61,28%
RATIOS Dec-06 Dec-07
Rasio Likuiditas
Current Ratio (%) 174.76 216.04
Quick Ratio (%) 119.165% 150.539%

Rasio Solvabilitas
DAR (X) 0.35 0.32
DER(X) 0.57 0.48
TIR (X)

Ratio Aktivitas
TATO (X) 1.30
FATO (X) 6.06
RTO (X) 6.43
ITO (X) 9.27
ADI (hari) 38.82
ACP (hari) 55.95

Rasio Profitabilitas
ROA (%) 12.78 10.85
ROE (%) 20.75 16.57
GPM (%) 18.05 19.09
OPM (%) 4.7 8.85
NPM (%) 8.36 10.82

Rasio Pasar
Payout Ratio (%) 20.51 5.09
Yield (%) 2.56 0.9
Dividend (Rp) 75,00 30,00
EPS (Rp) 365.76 589.9
BV (Rp) 2,417.74 2,932.49

Devidend 7,220.68 4,094.16

 Dec-08 Dec-09

525,658 773,936
597,059 746,758

670,008 514,620
1,639,393 2,131,336
702,097 696,716
39,780 43,932
3,981,316 4,644,939
15.26% 16.67%

873,185 980,428
317,701 281,864
1,190,886 1,262,292
8.78% 6.00%

137,461 173,869
1,000,000 1,000,000
385,579 385,579
771 771
500 500
2,222,370 2,760,059
2,652,969 3,208,778
17.31% 20.95%

Dec-08 Dec-09
5,337,720 5,265,798
26.93% -1.35%

4,347,983 4,317,181
989,737 948,617
537,869 528,626
451,868 419,991
21.40% -7.05%

36,734 17,236
771,816 947,001
161,888 137,046
-45.00 -41.69
566,025 768,265
24.43% 35.73%
 Dec-08 Dec-09

213.34 217.39 95.47

111.017% 164.899% 13.65

0.3 0.27 0.54

0.45 0.39 3.02

1.44 1.22 0.88

7.79 7.53 6.40
8.14 7.84 5.44
9.15 8.89 5.28
39.35 40.49 63.90
44.25 45.94 47.48

19.39 20.39 5.95

29.09 29.51 15.98
18.54 18.01 12.73
8.47 7.98 4.71
10.6 14.59 4.24

40.05 60.03 55.12

8.4 10.4 6.86
294,00 598,00 556.36
733.99 996.25 984.59
3,440.24 4,160.99 3,061.89

47,546.10 79,899.56 19,887.97

Astra Otoparts Tbk. [S]
BALANCE SHEET Dec-06 CZ 2006 Dec-07
(Million Rp except Par Value)
Cash & Cash Equivalents 228,024 7.53% 367,564
Receivable 592,142 19.55% 715,042
Inventories 410,010 13.54% 497,022
Current Assets 1,288,865 42.56% 1,639,393
Fixed Assets 719,140 23.75% 669,122
Other Assets 60,834 2.01% 59,655
Total Assets 3,028,160 3,454,254
Total Assets (%) 100% 100%

Liabilities + Equity
Current Liabilities 737,514 39.56% 758,853
Long Term Liabilities 329,415 17.67% 335,881
Total Liabilities 1,066,929 57.22% 1,094,734
Minority Interest 96,770 5.19% 98,106
Authorized Capital 1,000,000 53.63% 1,000,000
Paid up Capital 385,579 20.68% 385,579
Paid up Capital (Shares) 771 0.04% 771
Par Value 500 0.03% 500
Retained Earnings 1,385,913 74.33% 1,771,416
Total Equity 1,864,461 2,261,414
Total Liabilities + Equity 3,028,160 3,454,254

INCOME STATEMENTS Dec-06 Dec-07

Total Revenues 3,371,898 4,205,275
Expenses 2,763,439 81.95% 3,402,551
Gross Profit 608,459 18.05% 802,724
Operating Expenses 450,107 13.35% 430,525
Operating Profit 158,352 4.70% 372,199
Other Income (Expenses) 100,694 2.99% 2,419
Income before Tax 386,857 11.47% 374,618
Tax 99,709 2.96% 112,507
Minority Interest -5.09 0.00% -28.43
Net Income 282,058 8.36% 454,907
Total Revenues (%) 100% 100%
CZ 2007 Dec-08 CZ 2008 Dec-09 CZ 2009

10.64% 525,658 13.20% 773,936 16.66%

20.70% 597,059 15.00% 746,758 16.08%
14.39% 670,008 16.83% 514,620 11.08%
47.46% 1,639,393 41.18% 2,131,336 45.89%
19.37% 702,097 17.63% 696,716 15.00%
1.73% 39,780 1.00% 43,932 0.95%
3,981,316 4,644,939

21.97% 873,185 21.93% 980,428 21.11%

9.72% 317,701 7.98% 281,864 6.07%
31.69% 1,190,886 29.91% 1,262,292 27.18%
2.84% 137,461 3.45% 173,869 3.74%
28.95% 1,000,000 25.12% 1,000,000 21.53%
11.16% 385,579 9.68% 385,579 8.30%
0.02% 771 0.02% 771 0.02%
0.01% 500 0.01% 500 0.01%
51.28% 2,222,370 55.82% 2,760,059 59.42%
65.47% 2,652,969 66.64% 3,208,778 69.08%
3,981,316 4,644,939

Dec-08 Dec-09
5,337,720 5,265,798
80.91% 4,347,983 81.46% 4,317,181 81.99%
19.09% 989,737 18.54% 948,617 18.01%
10.24% 537,869 10.08% 528,626 10.04%
8.85% 451,868 8.47% 419,991 7.98%
0.06% 36,734 0.69% 17,236 0.33%
8.91% 771,816 14.46% 947,001 17.98%
2.68% 161,888 3.03% 137,046 2.60%
0.00% -45.00 0.00% -41.69 0.00%
10.82% 566,025 10.60% 768,265 14.59%
Astra Otoparts Tbk. [S]
BALANCE SHEET Dec-06 Dec-07 Dec-08
(Million Rp except Par Value)
Cash & Cash Equivalents 228,024 367,564 525,658
Receivable 592,142 715,042 597,059

Inventories 410,010 497,022 670,008

Current Assets 1,288,865 1,639,393 1,639,393
Fixed Assets 719,140 669,122 702,097
Other Assets 60,834 59,655 39,780
Total Assets 3,028,160 3,454,254 3,981,316
Growth (%) 15.26% 15.26%

Current Liabilities 737,514 758,853 873,185

Long Term Liabilities 329,415 335,881 317,701
Total Liabilities 1,066,929 1,094,734 1,190,886
Growth (%) 2.61% 8.78%

Minority Interest 96,770 98,106 137,461

Authorized CapitalAuthorized Capital 1,000,000 1,000,000 1,000,000
Paid up Capital 385,579 385,579 385,579
Paid up Capital (Shares) 771 771 771
Par Value 500 500 500
Retained Earnings 1,385,913 1,771,416 2,222,370
Total Equity 1,864,461 2,261,414 2,652,969
Growth (%) 21.29% 17.31%

INCOME STATEMENTS Dec-06 Dec-07 Dec-08

Total Revenues 3,371,898 4,205,275 5,337,720
Growth (%) 24.72% 26.93%

Expenses 2,763,439 3,402,551 4,347,983

Gross Profit 608,459 802,724 989,737
Operating Expenses 450,107 430,525 537,869
Operating Profit 158,352 372,199 451,868
Growth (%) 135.05% 21.40%

Other Income (Expenses) 100,694 2,419 36,734

Income before Tax 386,857 374,618 771,816
Tax 99,709 112,507 161,888
Minority Interest -5.09 -28.43 -45.00
Net Income 282,058 454,907 566,025
Growth (%) 61,28% 24.43%
Leverage 2007 2008
DOL 25.66% 7.04%
DFL 80.83% 139.47%
DCL 20.74% 9.81%
 Dec-09

773,936
746,758

514,620
2,131,336
696,716
43,932
4,644,939
16.67%

980,428
281,864
1,262,292
6.00%

173,869
1,000,000
385,579
771
500
2,760,059
3,208,778
20.95%

Dec-09
5,265,798
-1.35%

4,317,181
948,617
528,626
419,991
-7.05%

17,236
947,001
137,046
-41.69
768,265
35.73%
 2009
44.32%
-634.44%
-281.19%
Astra Otoparts Tbk. [S]
Sumber dan Penggunaan Dana 2006/2007

Sumber Dana Jumlah Penggunaan Dana

EAT 454,907 Pembayaran Dividen
Fixed Asset 50,018 Inventories
Other Asset 1,179 Receivable
Current Liabilities 21,339
Long- Term Liabilities 6,466
TOTAL
Kenaikan Kas
TOTAL 533,909 TOTAL

Sumber dan Penggunaan Dana 2007/2008

Sumber Dana Jumlah Penggunaan Dana

EAT 566,025 Pembayaran Dividen
Receivable 117,983 Inventories
Other Asset 19,875 Fixed Asset
Current Liabilities 114,332 Long- Term Liabilities

TOTAL
Kenaikan Kas
TOTAL 818,215 TOTAL

Sumber dan Penggunaan Dana 2008/2009

Sumber Dana Jumlah Penggunaan Dana

EAT 768,265 Pembayaran Dividen
Fixed Asset 5,381 Receivable
Current Liabilities 107,243 Other Asset
Long- Term Liabilities

TOTAL
Kenaikan Kas
TOTAL 880,889 TOTAL
Jumlah
30
87,012
122,900

209,942
323,967
533,909

Jumlah
294
172,986
32,975
18,174

224,429
593,786
818,215

Jumlah
30
149,699
4,152
35,837

189,718
691,171
880,889
Astra Otoparts Tbk. [S]
DU PONT 2006

NPM = 8,36

EAT = 282.058 PENJUALAN = 3.371.898

PENJUALAN = 3.371.898 _ TOTAL BIAYA

Expenses 2,763,439
Operating Expenses 450,107
Minority Interest 5.09
3,213,551

DU PONT 2007

NPM = 10,82

EAT =454.907 PENJUALAN = 4.205.275

PENJUALAN = 4.205.275 _ TOTAL BIAYA

Expenses 3,402,551
Operating Expenses 430,525
Minority Interest 28.43
3,833,104

DU PONT 2008
 NPM = 10,46

EAT =566.025 PENJUALAN = 5.337.720

PENJUALAN = 5.337.720 _ TOTAL BIAYA

Expenses 4,347,983
Operating Expenses 537,869
Minority Interest 45.00
4,885,897

DU PONT 2009

NPM =14,59

EAT = 768.265 PENJUALAN = 5.265.798

PENJUALAN = 5.265.798 _ TOTAL BIAYA

Expenses 4,317,181
Operating Expenses 528,626
Minority Interest 41.69
4,845,849
 ROE = 20.75

ROA = 12,78
TAT0 = 1,53

PENJUALAN = 3.371.898 TOTAL AKTIVA

Cash & Cash Equivalents
Receivabel
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets

ROE=16.57

ROA = 10,85
TAT0 = 1,00

PENJUALAN = 4.205.275 TOTAL AKTIVA

Cash & Cash Equivalents
Receivabel
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
 ROE=29.09

ROA = 19,39
TAT0 = 1,83

PENJUALAN = 5.337.720 TOTAL AKTIVA

Cash & Cash Equivalents
Receivabel
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets

ROE=29.51

ROA = 20,39
TAT0 = 1,40

PENJUALAN = 5.265.798 TOTAL AKTIVA

Cash & Cash Equivalents
Receivabel
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
LEVERAGE =0.65

228,024
592,142
410,010
1,288,865
719,140
60,834
3,028,160

LEVERAGE=0.67

367,564
715,042
497,022
1,639,393
669,122
59,655
3,454,254
LEVERAGE=0.7

525,658
597,059
670,008
1,639,393
702,097
39,780
3,981,316

LEVERAGE=0.73

773,936
746,758
514,620
2,131,336
696,716
43,932
4,644,939