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Profile of PT. Angkasa Pura II.


PT (Persero) Angkasa Pura PURA PACOM Utilization & Redistribution Agency
PURA Public Utility Regulatory Act
 II (AP II) is a state-owned company under the Transport Ministry providing air port services. The company was established on August 13 in 1984 with the name of Perum Pelabuhan Udara Jakarta Cengkareng (PPUJC) which operated the Soekarno Hatta Internasional Airport of Jakarta in Cengkareng, Halim Perdanakusuma Airport and Jakarta FIR fir, any tree of the genus Abies of the family Pinaceae (pine family), tall pyramidal evergreen conifers characterized by short, flat, stemless needles and erect cylindrical cones that shed their scales rather than dropping off the tree whole.  (Flight Information Region).

On January 2, 1993, the name of PPUJC was changed with AP II, which operates Jakarta FIR and 10 airports in western Indonesia. The fast growing aviation industry in the country contributes an increase in the income of PT Angkasa Pura II especially from domestic aviation.

Business activity

The government has put 10 airports in the western part of Indonesia under AP II including Soekarno-Hatta (Banten), Halim Perdanakusuma (Jakarta), Husein Sastranegara (Bandung), Polonia (Medan), Sultan Iskandar In full, Duli Yang Maha Mulia Baginda Al-Mutawakkil Alallah Sultan Iskandar Al-Haj ibni Almarhum Sultan Sir Ismail Al-Khalidi (born April 8, 1932) in Johor Bahru was the eighth Yang di-Pertuan Agong (roughly equivalent to King) of Malaysia from April 26, 1984 to April 25, 1989, and  Muda (Banda Aceh), Sultan SULTAN. The title of the Turkish sovereign and other Mahometan princes.  Mahmud Badaruddin (Palembang), Supadio (Pontianak), Sultan Syarif Kasim II (Pekanbaru), Minangkabau (Padang), Kijang (Tanjung Pinang Tanjung Pinang or Tanjungpinang is the capital and largest town of the Indonesian province of Riau Islands. The city with 150,000 residents ) and is a trading port between islands in the Riau archipelago. ).

According to according to
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

 AP II, the Soekarno-Hatta airport will be expanded to 3,000 hectares from 1,800 hectares at present under a 20-year program. In 2002, this airport had a capacity of handling only 15 million air passengers, but in 2015 the capacity is expected to increase to 100 million. Currently the Soekarno-Hatta airport is much dwarfed by Changi airport of Singapore which has a capacity of 30 million and Bangkok airport of Thailand with a capacity of 35 million. The expansion program will start by expanding the first and second terminals to be completed in three years to cost around Rp 800 billion--Rp 1 trillion. The two terminals, which are separated will be combined by the expansion.

The next phase, will be construction of airport railway track to link the airport with the Manggarai railway station in South Jakarta South Jakarta (Indonesian: Jakarta Selatan) is a city of Jakarta, Indonesia. It is the largest among the five cities of Jakarta.

South Jakarta is bounded by Central Jakarta to the north, East Jakarta to the east, Depok to the south, West Jakarta to the north-west,
. The plan is to build a railway station underground below the two combined terminals. The plan follows the concept used by airports in neighboring neigh·bor  
1. One who lives near or next to another.

2. A person, place, or thing adjacent to or located near another.

3. A fellow human.

4. Used as a form of familiar address.

 countries like Kuala Lumpur Kuala Lumpur (kwä`lə lm`pr), city (1990 est. pop.  airport, Changi airport, and Shanghai airport Shanghai Airport may refer to:
  • Shanghai Hongqiao International Airport
  • Shanghai Pudong International Airport
, and Schipol airport. The special railway track will be built by a consortium of PT. Rail Link, which is a joint venture between AP II (40%) and state-owned railway company PT Kereta Api Kereta api - Indonesian for either - literally - Steam engine or - more commonly - railway Name
The name Kereta Api is a common name for PT Kereta Api (Persero) (Indonesian Railway LLC), also known as PT KA (Persero) or (incorrectly) as
 Indonesia (60%). PT KA will put up Rp 400 billion and PT Angkasa Pura Rp 300 billion to finance the construction.

PT Rail Link will become a holding company for companies operating in business providing railway transport services The collective functions of layers 1 through 4 of the OSI model.  to the airports in Surabaya, Yogyakarta and Medan.

PT AP II also plans to build Air Cargo air cargo: see aviation.  Transshipment Transshipment

The passing goods from one ocean vessel to another.
 Village in bonded zone, that will have office buildings, warehouses for export and import goods and factories producing goods with air cargo characteristics. The construction of the Air Cargo Transshipment Village will become part of the concept of making Soekarno-Hatta air port as a hub cargo.

AP II will build a new airport in Kualanamu, to replace Medan's Polonia, which is considered no longer fit after reaching an age of more than 70 years. The 144 hectare hectare (hĕk`târ, –tär), abbr. ha, unit of area in the metric system, equal to 10,000 sq m, or about 2.47 acres.  Polonia airport with terminal 13,811 sq.m. could no longer handle growing number of air passengers using. In 2006, it handled 4.5 million passengers, or five times larger than its normal capacity of 900,000.

The new airport is expected to become an international transit for Sumatra and nearby areas and the second largest airport in the country after the Soekarno Hatta airport.

Construction of the airport will be carried out in three phases. The first phase is to be completed in 2009 or in 2010 at the latest. Construction for the first phase will be undertaken by the government and AP II. AP II will build the ground part such as terminal, parking area and the air part will be built by he Transport Ministry. The first phase construction will cost around Rp 3.6 trillion including Rp. 1.3 trillion to be provided by AP and Rp 2.3 trillion in loan. Construction of the second part will be handled by the government and investors to start in 2010.

The first phase will include construction of a railway track from the Aras Kabu station in the Beringin sub-district, which is only 450 meters away. The Aras Kabu station is 22.96 kilometers from the Medan railway station. The Medan-Kuala Namu will be covered in around 16-30 minutes by railway. Access to the airport will also be easier with the a toll road to be built to link Medan and Kuala Namu. The toll road project is being offered to investors.

After the completion of the first phase, the new airport will be able to handle up to 10 million air passengers and 10,000 aircraft departures and arrivals a year. The airport will have the capacity to handle 25 million air passengers a year after the completion of the second phase.

The passenger terminal will be 6.5 hectares with 3.5 hectares of commercial area facility and 1.3 hectares of cargo facility. The Kuala Namu international airport This article or section contains information about a planned or expected new airport.  will have a 3,750 meter runway that could accommodate wide bodied aircraft.

The airport is strategic and will be competitive facing airports of Singapore, Kuala Lumpur and Bangkok with the location in the international air routes of Australia, Asia and Europe.

AP II has a number of subsidiaries operating in business areas related to air transport including airport consulting services, ground handling management, catering and airline service business.

In November 2006, AP II and AP I converted a claim of US$ 33 million on PT Garuda Indonesia into shares making AP I and AP II 1.5% and 2.47% shareholders of the nation's flag carrier respectively.

State-owned 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. , refused to covert its claim of US$ 70 million on Garuda.

Currently, AP II is headed by Edie Haryoto, who took the position in 2002. He was previously president of PT. Kereta Api Indonesia from 2000 to 2002. AP II has stake as a minority or majority shareholder in a number of subsidiaries.

Financial performance

The largest portion of income of AP II comes from non aeronautical aer·o·nau·tic   also aer·o·nau·ti·cal
Of or relating to aeronautics.

 services such as airport tax, property, etc. It also so in other international airport companies like those operating Changi, Schipol, Frankfurt and Charles de Gaulle airports. Income from aeronautical service is small.

The income of AP II is dominated by services related to international flights especially those using US-dollar tariffs.

In 2005, AP II's income rose 14% to Rp 1,710.4 billion from Rp 1,506.3 billion a year earlier. Its net profit increased from Rp 419.4 billion to Rp 441.9 billion in the same period. The increase followed an increase in the number of air passengers.
Table - 1
Airports under AP II and capacity

Name of airports           Size of runways     Accommodating

Sultan Iskandar Muda/      2,250 x 45 M        DC-9; B-737
Banda Aceh

Polonia/Medan              2,900 x 45 M        B-747; A-300

Tabing/Padang              2,150 x 45 M        B-737 = 4

Sultan Syarif Kasim II/    2,240 x 30 M        F-28; F-100; F-27;
Pekanbaru                                      CN 235

Kijang/Tanjung Pinang      1,856 x 30 M        F-27; C-130

SM. Badarudin
II/Palembang               2,200 x 45 M        DC-9; F-28

Soekarno Hatta/            3,660 x 60 M        B-747; A-300, DC-9; etc.
Cengkareng                 3,600 x 60 M

Halim Perdanakusumah/
Jakarta                    3,000 x 45 M        B-747; A-300

Sastranegara/Bandung       2,250 x 45 M        F-28

Supadio/Pontianak          1,850 x 30 M        F-28; casa; Heli

Source: Angkasa Pura

Table - 2
AP II's stakes in a number of companies

Name of companies                   Line of business

PT. Angkasa Pura Schipol            Airport consulting service

PT. Gapura Angkasa                  Ground handling and warehousing

PT. Purantara Mitra Angkasa Dua     In-flight catering

PT.. Garuda Indonesia               Airlines

Source: Angkasa Pura II

Table - 3
Summary of financial report of AP II,
2002 - 2005

Financial summary (Rp billion)

Profit/Loss report                        2005          2004

Operating income                       1,710.4       1,506.3

Non operating income                     132.0         116.5

Operating cost                         1,036.6         966.7

Non operating cost                        37.5          40.5

Extra-ordinary costs                     -99.5          -8.7

Pretax Profit/Loss                       668.9         606.9

Current year taxes                      -231.6        -179.7

Deferred taxes                             4.7          -7.8

Net profit                               441.9         419.4


Current assets                         1,497.0       1,220.3

Deferred tax assets                       23.7          19.0

Long term investment                     284.7         280.9

Fixed assets                           1,787.8       1,734.9

Other assets                             296.2         298.0

Total assets                           3,889.3       3,553.1

Short term liabilities                   290.7         219.7

Long term liabilities                      7.2          10.3

Deposited fund under THT
Program                                   40.6          33.8

Government assistance
the status of which not yet
determined                                72.9          71.0

Equity                                 3,477.8       3,218.3

Total liabilities and equity           3,889.3       3,553.1

Financial ratios

Return on equity (ROE)                     15%           15%

Return on Investment
(ROI)                                      21%           21%

Cash ratios                               346%          343%

Current ratio                             515%          555%

Collection Periods                     55 days       55 days

Turnover of stocks                      3 days        3 days

Turnover of total assets                   49%           46%

Ratio of capital to total
assets                                     88%           78%

Profit/Loss report                        2003          2002

Operating income                       1,252.9       1,235.8

Non operating income                      98.6         147.9

Operating cost                           869.7         768.3

Non operating cost                        58.8          89.5

Extra-ordinary costs                     -22.6         -17.9

Pretax Profit/Loss                       400.4         508.0

Current year taxes                      -122.4        -137.3

Deferred taxes                             6.0           4.0

Net profit                               284.0         371.7


Current assets                         1,017.2       1,061.1

Deferred tax assets                       26.8          20.8

Long term investment                     291.3         292.1

Fixed assets                           1,670.5       1,536.8

Other assets                             330.4         470.1

Total assets                           3,336.2       3,380.9

Short term liabilities                   220.1         242.8

Long term liabilities                     19.3          31.0

Deposited fund under THT
Program                                   47.6         170.8

Government assistance
the status of which not yet
determined                                71.0            -

Equity                                 2,978.2       2,936.3

Total liabilities and equity          3,336.2        3,380.9

Financial ratios

Return on equity (ROE)                     11%           18%

Return on Investment
(ROI)                                      16%           20%

Cash ratios                               285%          301%

Current ratio                             462%          437%

Collection Periods                     51 days       37 days

Turnover of stocks                      4 days        4 days

Turnover of total assets                   41%           42%

Ratio of capital to total
assets                                     79%           62%

Source: AP II
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Title Annotation:PT (Persero) Angkasa Pura II
Comment:Profile of PT. Angkasa Pura II.(PT (Persero) Angkasa Pura II)
Publication:Indonesian Commercial Newsletter
Article Type:Company overview
Geographic Code:9INDO
Date:Nov 1, 2006
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