Printer Friendly
The Free Library
22,728,043 articles and books

ASTRA group.

Key Issues

The ASTRA ASTRA Ancient Instruments Sound/Timbre Reconstruction Application
ASTRA Australian Strategic Air Traffic Management Group
ASTRA Arab Supply and Trading Corporation
ASTRA Automatic System for Transport Analysis
ASTRA Automatic Satellite Tracking Research Antenna
 group has been known as a widely diversified corporation and he country's largest automotive company. It leads both in auto market and motorcycle market. Its four wheeler products include Toyota and Daihatsu, and two wheeler A two wheeler refers to vehicles that run on two wheels. They include, but are not limited to:
  • A bicycle, a pedal-powered two wheeler.
  • A motorcycle, a motor-powered two wheeler, similar in construction with bicycles.
 product is Honda. The Astra Group succeeded in weather the 1997/1998 crisis that has badly rocked many other conglomerates in the country. The group has emerged as a healthy giant continuing to expand. Now Astra is not only a leader in the auto and motorcycle market but Also in the market of heavy equipment through its subsidiary PT United Traktor and in agribusiness through PT Astra Agro Lestari, which is one of the largest producers of Crude Palm Oil in Indonesia.

In 2003, the group gave up controlling stake in car manufacturing subsidiary PT Toyota Astra Motor to its principal Toyota Motor Corporation. The Astra group is now concentrates more on distribution in its automotive division. However, its automotive division is still the largest contributor to its total income. Now the Astra Group has strengthened its position in the agribusiness. It has increased its stake in PT. Astra Agro Lestari Tbk (AAL) from 63.26% to 79.64%.

In cooperation with Standard Chartered Bank, Astra acquired 51% of PT. Bank Permata. In May, 2004, its holding company PT. Astra International Astra International is an important international industrial conglomerate based in Indonesia. It is involved in auto production and sales among other things. It is the sponsor of a technical university in Jakarta named Astra Manufacturing Polytechnic (Polman).  Tbk increased its stake to 57.4% in United Tractors (UT) from 49.12% earlier.

Nursed by William Soerjadjaja

Astra was established in 1957 with the name of PT. Astra International Incorporated by Tjia Kian Tie, Liem Pen Hong, Parulian Nainggolan, Datu Parulas Nainggolan and Saut Guru Pamosik Nainggolan. From 1957 to 1968, there were changes in capital and in April 1968, William Soerjadjaja and family including his children Edward Soerjadjaja, Edwin Soerjadjaja, Joyce Soeryadjaja and Judith Soerjadjaja became the sole owner.

Under William Soerjadjaja the business of Astra flourished and expanded from trading to automotive, heavy equipment, office equipment, and timber industries. The New Order policy opened wide opportunity for the business sector to grow and expand and Astra took advantage of the situation. His first big success was when his company was named to import 800 Chevrolet trucks. Astra became partner for the government, in launching it ambitious economic programs.

In February, 1990, PT. Astra International sold part or 12.39% of its shares to the public. A big setback came in 1992 with the liquidation of Bank Summa, owned by the Suryadjaya family for default on a big debt to state banks. The family was forced to sell its stake in Astra to settle the debt to a consortium of state companies and private companies associated to the Prasetya Mulya Foundation. In Nov. 1993, the Astra Group was controlled by companies grouped in the foundation.

In 1998, Astra International management was taken over by the bank rescue agency BPPN BPPN Badan Penyehatan Perbankan Nasional  over a debt of Rp.105,625,000,000. to a number of state banks and banks controlled by the government including PT. Bank Negara Indonesia Bank Negara Indonesia, commonly known known as BNI, is an Indonesian bank. It has branches primarily in Indonesia, but also in Singapore,Hong Kong,London, and New York. It has 1000 branches and 9 million customers. , PT. Bank Danamon PT Bank Danamon Indonesia Tbk was established in 1956 under the name of PT Bank Kopra Indonesia, in 1976, the Bank's name was changed to the present name, Bank Danamon Indonesia.  and, PT. Bank Mandiri Bank Mandiri (JSX : BMRI) is the largest bank in Indonesia in term of assets, loans and deposits. Total assets as of Q3 2006 were IDR 253.7 trillion (or USD 25.7 billion). It also has Capital Adequacy Ratio (CAR) of 23% (including market risk), Return on Asset (RoA) of 0. .

In March 2000, the consortium of Cycle & Carriage Limited acquired the entire 40% shares held by BPPN making it the largest shareholders of the Astra Group until now. The consortium, which is the majority shareholder of Cycle & Carriage (Mauritius) Ltd (C&C) was established in March, 2000. It was based in Mauritius with shareholders including Abacus Nominees (Mauritius) Ltd and C&L Nominees (Mauritius) Ltd..

Astra International, therefore, is now owned by a number of shareholders including Cycle & Carriage (Mauritius) Ltd, JPMCB US Resident (Norbax Inc), Parmix, HSBC HSBC Hongkong and Shanghai Banking Corporation
HSBC Humane Society of Broward County (Florida)
HSBC Humane Society of Bay County (Bay County, Michigan) 
 Bank Plc, JP Morgan BK Luxembourg SA, Government of Singapore The Government of Singapore is formed by the political party which gains a simple majority in the general elections held in Singapore at least once every five years. It is part of Singapore's political system and supported by the Singapore Civil Service. , PT. Mitra Investdana Sekurindo, Endang Lestari Pujiastuti, The Northern Trust S/A S/A System Administrator
S/A Service/Agency
S/A Special Agent
S/A Spectrum Analyzer
S/A Situational Awareness
S/A Selective Availability (GPS satellite mode)
S/A Services/Agencies
S/A Sub-Assembly
 Avfc, BBH BBH Brown Brothers Harriman (investment bank)
BBH Bartle, Bogle, Hegarty (advertising agency)
BBH Bouncing Busy Hour
BBH Blueback Herring (FAO fish species code) 
 Boston S/A and investing public.

The Astra Group has a number of divisions or sub-groups--Automotive (Automobile Group, Motorcycle Group, Component Group), Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 (Automobile Financing, Motorcycle Financing, General Insurance, Life Insurance), Heavy Equipment (Construction Machinery, Mining Contractor, Coal Mining,) Agribusiness (Palm Oil Plantations), Information Technology and Infrastructure.

Automotive backbone of Astra Group

Automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide.  

Astra began business in automotive industry with the establishment of PT Toyota Astra Motor in 1971, as a sole agent for Toyota cars. It also assembles Toyota cars.

Later that year it established PT. Astra Daihatsu Motor (PT ADFM ADFM Association Démocratique des Femmes du Maroc (French)
ADFM Active Duty Family Member(s) (TRICARE) 
) in which Astra had a 31.87% stake. This company became the sole agent and assembler of Daihatsu cars and producer of Daihatsu car components.

In 2003, Toyota Motor Corp. Japan took over the Toyota manufacturing division from Astra International and the name of PT Toyota Astra Motor was changed with PT Toyota Motor Manufacturing Indonesia (PT TMMIN). PT Astra is only given a 5% stake in PT TMMIN. The rest is held by the principal Toyota Motor Corp. Astra International now has concentrated on car distribution.

Retail sales of Toyota cars are handled by Toyota Sales Operation with 54 branch offices named "Auto 2000". Auto 2000 has units in various large cities including Jakarta, East Java East Java (Indonesian: Jawa Timur) is a province of Indonesia. It is located on the eastern part of the island of Java and also includes neighboring Madura and Bawean islands. , West Java, Sumatra, Kalimantan, Bali and Nusa Tenggara Timur and Nusa Tenggara Barat.

In 1991, the Astra Group established PT. Astra Otopart (PT AO) producing auto component. PT. AO was listed on the Jakarta Stock Exchange Jakarta Stock Exchange

Established in 1977, the largest securities exchange in Indonesia.
 in 1998 selling 10% of its shares to the public. In 2004, PT. AO invested US$ 67 million in car and motorcycle component factory in Cibinong, West Java. PT. Astra Otopart is the largest producer and distributor of automotive components in Indonesia.

The Astra group also leads in motorcycle industry and market in the country. It has PT. Astra Honda Motor (AHM AHM Automated Hacking Machines
AHM All Hands Meeting
AHM Academy for Healthcare Management
AHM Atom Heart Mother (Pink Floyd album)
AHM Airport Handling Manual
AHM Acutely Hazardous Material
AHM Anti-Helicopter Mine
) producing Honda motorcycles Honda Motorcycles and scooters by engine size
  • Aero 50 (NB50)
  • CB50
  • Cub (C100)
  • Cub (C50)
  • Chaly (CF 50)
  • CRF 50
  • CT 50
  • Dream 50R
  • Elite 50 LX (SA50)
  • Elite E (SB50)
  • Elsinore (MR50)
  • Express (NC50)
 in cooperation with Honda Motor Co.,Ltd. In 2004, AHM expanded its motorcycle factory by building a third production unit in Cibitung, Bekasi, West Java, with an investment of US$ 100 million.

Two other production facilities are located in Sunter and Pengangsaan Dua, with a total production capacity of 2 million units. The new plant came on line in October, 2005 with an annual production capacity of 1 million units.

Currently the Astra Group, has a 41.5% share of auto market and 51.5% share of motorcycle market in the country. It has 359 car dealers including 134 dealers fully owned by it and 243 motorcycle dealers including 41 wholly owned dealers.

Heavy equipment

The Astra Group has expanded business to heavy equipment assembling and distribution under PT. United Tractors, which was established in 1972 as a sole agent for heavy equipment. In 2005 it increased its stake to 57.4% in United Tractors.

PT. United Tractors is a sole agent for a number of brands of heavy equipment including KOMATSU, TADANO, BOMAG, JOHN DEERE and NISSAN. Currently United Tractors is he largest supplier of heavy equipment in Indonesia, with a market share of 41%. In this division, a mining contractor subsidiary was established namely PT Pamapersada Nusantara. This company has often been involved in coal mining ventures and has expanded in the past five years.

Information Technology

In 1975, the Astra Group established PT. Astra Graphia, to operate in information technology business. Currently PT. AG has two main business units --Astra Graphia document solution (document office, system business, document consulting and integrated solution, document production system business, document business services, document multi product business, document mobile services), and Astra Graphia information technology solution (Business Consultant telecom industry, Business Consultant Cross Industry Technology and service, Outsourcing).

This company has continued to expand its distribution networks with 19 branch offices, and 53 service points all over the country. Major projects, handled by this company include remote trading automatization au·tom·a·ti·za·tion  
 for the Jakarta Stock Exchange, and implementation of telecommunication network management system of PT. Satelindo.


The Astra Group began expansion to the financial sector in 1982 in consumer credit business. In 1992, it formed cooperation with General Electric Capital Corporation. Earlier in 1990, it established a Bank Universal.

After a setback in the wake of the 1997/1998 crisis, the Astra Group restarted its business in the financial sector including in consumer financing. In 2004, PT. Astra International Tbk (PT.AI) in cooperation with Standard Chartered Bank acquired 51% of PT. Bank Permata Tbk. Bank Permata is expected to support its financing firm PT. Federal International Finance (FIF (Fractal Image Format) A graphics file format from content management company Interwoven, Inc. San Jose, CA ( that stores fractal images with compression ratios as high as 2,500:1. FIF was originally from MediaBin, Inc. ) and PT. Astra Sedaya Finance (ASF See Windows Media formats.

1. (language) ASF - Algebraic Specification Language.
2. (body) ASF - Analytical Solutions Forum.
). PT. FIF is a financing firm offering financing for motorcycle purchases. It is the largest motorcycle financing firm in the country with 73 branch offices and 195 service points all over the country. In 2003, FIF reported a 58% increase in net income to Rp1.1 trillion with non performing loan of only 1.4%.

PT. Astra Sedaya Finance (ASF) offer to finance car purchases. It is a member of the Astra Credit Company(ACC See adaptive cruise control. ) , a company group offering financing for car purchases. ACC is designed to contribute to the operation of the Astra group, which is the sole agent not only for Toyota but also for Daihatsu, Isuzu, BMW BMW
 in full Bayerische Motoren Werke AG

German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s.
, Peugeot and Nissan trucks.

The Astra Group has sales division called "Mobil 88" to handle sales of used cars.

The Astra Group also offers to procure cars for the transport of workers service. PT. Serasi Autoraya (SAR (Segmentation And Reassembly) The protocol that converts data to cells for transmission over an ATM network. It is the lower part of the ATM Adaption Layer (AAL), which is responsible for the entire operation. See AAL.

SAR - segmentation and reassembly
) yang, which is wholly owned by Astra, rents cars name d "TRAC--Astra Rent-a-Car. The company started operation in 1990 operating more than 10,000 vehicles. TRAC TRAC - Text Reckoning And Compiling  is the largest car rental in the country. By the end of 2004, its assets were valued at Rp 1.2 trillion with annual income of Rp 600 billion. Its main customers are companies.


Historical background of PT Astra Agro Lestari

* "PT Astra Agro Lestari Tbk (AAL) was founded in 1981 through PT Pandu Dian Pertiwi a company owned by the Soeryadjaya family, Mr. T.P. Rachmat, Mr. Benny Subianto, Mr. Kiki Sutantyo and Mr. Rahadi Santoso. In 1983, PT Astra International (AI) established an Agribusiness Division, starting with 2000 hectares of cassava cassava (kəsä`və) or manioc (măn`ēŏk), name for many species of the genus Manihot of the family Euphorbiaceae (spurge family).  plantation which was later converted to rubber (HIM).

* "In 1984, embarked on its oil palm plantation business by acquiring PT Tunggal Perkasa Plantation (TPP TPP thiamine pyrophosphate.
Thiamine pyrophosphate (TPP)
The coenzyme containing thiamine that is essential in converting glucose to energy.

Mentioned in: Beriberi


1. total plasma protein.


* "In 1986, established 10,000 hectares of oil palm plantation in Riau, Sumatera under a Government program for private small holders (PIR "Parent in room." See digispeak.  Trans).

* "In 1988, PT Astra Agro Niaga (AAN) (formerly named PT Suryaraya Cakrawala) and PT Suryaraya Bahtera (SRB) were established as subholding companies of the plantation operations.

* "In 1990, PT Astra International (AI) acquired 20% of issued share capital of PT Astra Agro Niaga (AAN) and 50% of PT Suryaraya Bahtera (SRB).

* "On June 30, 1997 PT Astra Agro Niaga (AAN) and PT Suryaraya Bahtera (SRB) merged to form a holding company called PT Astra Agro Niaga (AAN) which on the 21 August 1997 changed its name to PT Astra Agro Lestari Tbk (AAL).

* "On December 9, 1997 PT Astra Agro Lestari Tbk (AAL) successfully listed its shares on the Jakarta and Surabaya Stock Exchange of 125,800,000 units at a price of Rp. 1,550,- per share.

* "In July 1999, PT Astra Agro Lestari Tbk (AAL) issued Bonus shares of 251,600,000 units thus totaling 1,509,600,000 shares.

* "In March 2000, PT Astra Agro Lestari Tbk (AAL) successfully listed its first Bond issue on the Surabaya Stock Exchange totaling Rp. 500 billion over a 5 year period.

* "In 2004, PT Astra Agro Lestari Tbk (AAL) divested its non-oil palm plantation.

Busines Development of PT AAL

In 2004, AAL sold its non oil palm plantations including rubber and coca plantations to concentrate on oil palm plantations. Currently AAL is the largest producer of CPO (Chief Privacy Officer) An individual who manages the privacy issues within an organization. Arising out of the privacy regulations in finance and health care in the late 1990s, the CPO position eventually crossed over to all industries.  in the country. It has 201,412 hectares of oil palm plantations in Sumatra, Kalimantan and Sulawesi. Around 61% of its oil palm trees are aged between 10-14 years or at peak productivity.

In 2005 its production of fresh fruit bunches (FFB FFB Fürstenfeldbruck (German auto license plate)
FFB Foundation Fighting Blindness
FFB Food from Britain (UK strategic international food and drink export marketing consultancy) 
) rose to 3.5 million tons from 3.1 million tons in the previous year. Its FFB production per hectare rose to 19.2 ton from 17 tons a year. Seven of 27 plantations have a productivity of more than 95%, 12 plantations with production of 85%-95% of maximum production and 8 plantation with production below 80%. Including plasma estates, AAL has 201,412 hectares of oil palm plantation with tree aged around 11 years on the average.

Its CPO production in 2005 rose to 857,141 tons from 765,172 tons in the previous year. In 2006, AAL targets to chalk up a 12% increase in its CPO production to 950,000 tons. In order to meet the target the company plans to expand plantation by 15,000 hectares. This year, the company sets aside capital expenditure amounting to Rp600 billion to build new CPO processing plants and plantation infrastructure.

The success of AAL in increasing its production is attributable partly to adequate technology and infrastructure. In 2005, AAL built two palm oil processing plant in Central Kalimantan and CPO storage tanks in Bumiharjo, Central Kalimantan. The new processing factories, brought the processing capacity of its plants to 760 tons of FFB/hour.

PT Astra Agro Lestari Tbk is now studying possible expansion to business in castor oil castor oil, yellowish oil obtained from the seed of the castor bean. The oil content of the seeds varies from about 20% to 50%. After the hulls are removed the seeds are cold-pressed.  plantation to produce castor oil for biodiesel feedstock as well as in rubber plantation. Development of bio-diesel as an alternative source of energy with palm oil as the basic material, is now in the stage of experiment and is expected to be commercially operational next year.

The bio-diesel production will be offered to mining companies and other users. The factories, therefore, will be built close to consumers. Biodiesel from castor oil will be produced later.

Astra Agro Lestari plans to expand its oil palm plantations from 200,000 hectares at present to 350,000 hectares in the next 7 years. This year 15,000 hectares of new plantation areas will be cultivated in East and Central Kalimantan.

This year, AAL, which in 2004 sold its non oil palm plantations including rubber plantations, plans to open new rubber plantations prompted by the increase in the price of that commodity in the world market. It plans to expand its remaining 3,000 hectares of rubber plantations to 50,000 hectares. The rubber plantations are expected to start contributing to its income after 5 years.

Agribusiness contributed to increase in profit of Astra

Astra's income in the past 2 years has continued to increase. In 2004, its income was recorded at Rp 44.3 trillion, up to Rp 61.1 trillion in 2005. Its net profit was Rp 5.46 trillion in 2005, up from Rp 5.40 trillion in 2004.

Contributing to the increase in its income included its automotive division, financial service subsidiaries, palm oil subsidiary and heavy equipment subsidiaries.

In the first quarter of 2006, Astra's income dropped to Rp 13.01 trillion from Rp 14.34 trillion in the same period last year. Its operating profit Operating profit (or loss)

Revenue from a firm's regular activities less costs and expenses and before income deductions.

operating profit

See operating income.
 also declined from Rp 601 billion to Rp 301 billion on slump in the automotive market as a result of the October oil fuel price hikes.

Contrary to business in the automotive sector, Astra posted an increase in income from its agribusiness division in the first quarter of 2006. In the first quarter of 2006, PT Astra Agro Lestari reported Rp 182.2 billion in net profit , up 10.3% from the same period last year.

The increase in its net profit was attributed partly to 14 rise in its CPO production to 223,000 tons in the first three months of this year from 195,800 tons in the same period last year. In addition the price of CPO rose 6% in the first three months of 2006. This year the company targets to produce 950,000 tons of CPO, up 11.8% from last year. In 2005, its automotive division contributed 69.1% to Astra's income. PT. Toyota Astra Motor was earlier a major contributor to its income from the automotive sector but now the company has been under control of the Japanese principal. Other major contributors to the income of the company group include PT. United Tractors (13.5%), PT. Astra Agro Lestari Tbk (7.8 %) and other subsidiaries.


The success recorded by the Astra Group was partly attributable to its skilled and professional top executives such as Theodore Permadi Rachmat, who succeeded in keeping the Astra Group afloat amid economic crisis. TP. Rachmat joined Astra in 1969. Rini Mariani Sumarno Soewandi also left her mark in the company as a skilled executive. Rini succeeded in completing restructuring the debt of Astra to save it from the devastation of the crisis. The strength of Astra in the automotive business lies in the availability of modern production facilities with large capacity, good reputation in quality, support from financial sector and strong marketing networks and supporting facilities and services including after sales services, workshops and dealers.

Astra's automotive business will depend much on its success in maintaining long term cooperation with car makers including Toyota Motor Corporation, Daihatsu Motor Co.Ltd., Isuzu Motors Ltd., Peugeot SA, Nissan Diesel Motor Co.Ltd. and BMW AG and Honda Motor Co.,Ltd. There are a number of business risks faced by the Astra Group in its automotive business in the future. Change in the government policy in the automotive industry could affect the cooperation agreements with the car principals. Astra has maintained strong market foothold and large share of automotive markets in the country but the government may decide to change its present policy depending on condition in the coming years.

Similarly, its business in heavy equipment will depend much on its cooperation with Komatsu Ltd. It is no possible that Komatsu decide not to renew cooperation with United Tractors. Its business in the agribusiness sector faces a number of risks such as price fluctuations, the use of falsely certified seedlings that could reduce productivity, limited availability of suitable lands, embargo over failure to observe preservation of the environment and forest fires when building oil palm plantations, etc. A decline in the purchasing power Purchasing Power

1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase.

 of people and inflations are also determinant factors.
Oil palm plantations and CPO production of AAL

            Description                 2005        2004

Cultivated oil palm plantation(Ha)
- Productive                            183.319     139.987
- Not yet productive                     10.447       2.256

Locations of productive plantations
(Ha)                                     91.566      88.848
- Sumatra                                56.440      55.894
- Kalimantan                             35.313      37.736
- Sulawesi

Total Production of TBS (Ton)         3.518.364   3.100.014
- Sumatra                             1.753.235   1.668.920
- Kalimantan                          1.097.089     866.566
- Sulawesi                               668.04     564.528

Total production (in ton) of
- CPO                                   857.141     765.172
- PKO                                   165.809     146.953
- Palm kernel oil                         9.921       9.710
- PKE                                    14.156      12.691
- Olein                                  23.280      55.251
- Cooking oil                             9.777      18.146
- Stearin                                10.755      19.603
- PFAD                                    1.300       3.117

Source: Annual Report AAL


Holding Company:       ASTRA INTERNASIONAL Tbk, PT

Address:               JI. Gaya Motor Raya No. 8 Sunter II
                       Jakarta 14330

Phone (s):             (021) 652 2555

Fax.:                  (021) 651 2058, 651 2059


Management:            President Commisioner: Mr. Budi Setiadharma
                       President Director: Mr.Michael D. Ruslim

Number of companies:   210

Financial Highlights
(in Rp million)

Total Astra             2005      2004       2003     2002     2001

Statement of

Net revenue            61,172      44,345   31,513   30,685   30,123
Gross profit           13,723      10,313    7,679    6,625    5,657
Operating profit        6,414       4,858    3,398    2,811    2,624
EBITDA *                8,221       6,098    4,296    3,704    3,441
Net Income/loss         5,457       5,406    4,422    3,637      845

Balance sheet

Total assets           46,986      39,145   27,404   26,186   26,574
Current asset          16,171      13,577    9,221   10,469   10,173
Fixed assets **        11,794       8,803    6,338    6,680    7,335
Current liabilities    14,603      13,235    7,733    7,983   10,355
Total borrowing        12,338      10,460    8,704   11,954   16,506
Total equity           20,424      16,485   11,711    6,499    2,567
Total equity &         24,231      19,720   13,506    8,921    4,550
  minority interest

Ratio analysis &
other information

Return on assets          13%         16%      17%      13%       3%
Return on equity          30%         38%      49%      74%      46%
Gross profit margin       22%         24%      24%      22%      19%
Operating profit          10%         11%      11%       9%       9%
Current ratio             1.1         1.0      1.2      1.3      1.0
Issued share (in        4,048       4,048    4,035    2,608    2,538
*** Net                 1,348       1,335    1,100    1,024      244
  per share (Rp)
**** Net asset          5,045       4,072    2,902    4,492    1,011
  value per share
Interim cash              100         100       50        0        0
  devidend per share
Remaining cash            340     To be        170        0        0
  devidend per share            announced
**** Net debt to          0.1   Net cash       0.1      0.9      4.4
  equity ratio (x)

Note: *) earning before interest tax depreciation and amortization

**) Includes assets not used in operation

***) Net earning/(losses) per share is calculated based on the weight
average number of ordinary share out standing adjusted for any share

****) Net assets value per share is calculated based on the number of
ordinary share outstanding at every year-end

Source: Annual report PT Astra International Tbk.
COPYRIGHT 2006 P.T. Data Consult, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006 Gale, Cengage Learning. All rights reserved.

 Reader Opinion




Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:COMPANY PROFILE
Publication:Indonesian Commercial Newsletter
Article Type:Company overview
Geographic Code:1USA
Date:May 1, 2006
Previous Article:Palm oil industry in Indonesia.
Next Article:1. Indonesia's oleochemical industry growing.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters