Laporan Tahunan PT Phapros Tbk 2011

Laporan Tahunan PT Phapros Tbk 2011

2011

Daftar Isi | Content 3 4 4 5 6 7 8 9 10 12 14 18 21

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Tema Laporan 2011 | Theme for the Year 2011 Report Jatidiri Perusahaan | Corporate Identity Visi dan Misi Perusahaan | Corporate Vision and Mission Warisan yang Berharga | A Rich Heritage Nilai Inti Perusahaan: SPIRIT | Corporate Core Values: SPIRIT Ikhtisar Keuangan | Financial Highlights Peristiwa Penting 2011 | Signiicant Events 2011 Struktur Organisasi | Organization Structure Laporan Dewan Komisaris | The Board of Commissioners’ Report Dewan Komisaris | Board of Commissioners Laporan Direksi | The Board of Directors’ Report Direksi | Board of Directors Tatakelola Perusahaan | Corporate Governance 22 Tatakelola Perusahaan Phapros | Phapros' Corporate Governance 36 Manajemen Risiko | Risk Management 42 Tanggung Jawab Sosial Perusahaan | Corporate Social Responsibility Diskusi dan Analisis Manajemen | Management’s Discussion and Analysis 44 Kinerja Keuangan | Financial Performance 47 Proses Internal | Internal Operations 50 Hubungan dengan Pelanggan | Customer Relations 53 Pertumbuhan dan Pembelajaran | Learning and Growth Laporan Auditor 2011 | Auditor’s Report for 2011 Lembar Pengesahan | Legalization Sheet Data Perusahaan | Corporate Information Komposisi Kepemilikan Saham | Share Ownership Composition Produk Kami | Our Products

Laporan Tahunan 2011 PT Phapros Tbk.

Laporan Tahunan PT Phapros Tbk 2011

2011

13.7% Margin Bersih Net Margin

Tema Laporan 2011 Theme of the Year 2011 Report Memupuk Lingkaran Pertumbuhan PADA 2011, PT Phapros Tbk. melakukan upaya terpadu untuk memperkuat basis pertumbuhan jangka panjang. Lingkaran upaya pertama, peningkatan sarana bisnis, diharapkan akan menempatkan Phapros sebagai perusahaan farmasi yang disegani dalam produksi injeksi. Lingkaran upaya kedua, peningkatan fungsi manajemen risiko, akan membuat Perseroan lebih adaptif menghadapi perubahan bisnis yang teramat cepat. Sementara itu, dengan lingkaran upaya ketiga, Perseroan terus meningkatkan portofolio produk—melalui pemangkasan produk yang telah senja dan peluncuran produk andalan baru, terutama produk dengan nama dagang [OND] yang menjanjikan margin tinggi. Namun demikian, Phapros berhasil pula mempertahankan pertumbuhan bisnis yang positif. Pada 2011, dengan Penjualan Bersih maupun Laba Bersih mencapai nilai tertinggi baru, Perseroan membukukan kemampulabaan yang terjaga, baik dari sisi Margin Bersih [13,7%] maupun ROE [25,5%] atau ROI [22,5%].

Nurturing the Circle of Growth IN 2011, PT Phapros Tbk’s made integrated efforts to strengthen its fundamental base for long-term growth. The irst circle of effort, improvement of business facilities, is expected to make Phapros one of a few pharmaceutical companies that are regarded as the best in the production of injection preparations. The second circle of efforts, improvement of the risk management, will make the Company more adaptive in facing the rapidly changing business landscape. Meanwhile, with the third circle of effort, the Company continuously improve its product portfolio—through both the pruning of he so called "twilight" products and the launching of new champion product, partcularly those of own-brand [OND] that command high margin. However, Phapros also made successful efforts in maintaining its positive growth. In 2011, with both Net Sales and Net Income reached new high record, the Company registered excellent proitability ratios, both in term of [13,7%] and ROE [25,5%] or ROI [22,5%].

25.5% Imbal-Hasil atas Ekuitas Return on Equity

22.5% Imbal-Hasil atas Investasi Return on Investments

......membuat Phapros salah satu Perusahaan Farmasi Publik Terbaik di Indonesia.....

.....make Phapros one of the Best Public Pharmaceutical Companies in Indonesia.....


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Jatidiri Perusahaan Corporate Identity PT Phapros Tbk. Berkedudukan di Jakarta

Alamat Kantor Pusat Pemasaran Gedung RNI Lantai Dasar Jalan Denpasar Raya Kav. D III, Kuningan Jakarta 12950 Telepon [021]-527 6263 Faksimile [021]-520 9381 http://www.ptphapros.co.id E-mail: [email protected] Pabrik Jalan Simongan No.131, Semarang 50148 Telepon [024]-760 7330 Faksimile [024]–760 5133

Pembentukan Perusahaan 21 Juni 1954 Modal Dasar Rp100 miliar Modal Ditempatkan dan Disetor Penuh Rp42 miliar

Kepemilikan Saham PT Rajawali Nusantara Indonesia [RNI] 56,57% Publik 43,43%

Bidang Usaha Produksi dan pemasaran produk farmasi

Address Head Ofice Marketing RNI Building Ground Floor Jalan Denpasar Raya Kav. D III, Kuningan Jakarta 12950 Phone [021]-527 6263 Facsimile [021]-520 9381 http://www.ptphapros.co.id E-mail: [email protected] Factory Jalan Simongan No.131, Semarang 50148 Phone [024]-760 7330 Facsimile [024]–760 5133

Founded 21 June 1954 Authorized Capital Rp100 billion Issued and Fully Paid Capital Rp42 billion

Share Ownership PT Rajawali Nusantara Indonesia [RNI] 56.57% Public 43.43%

Line of Business Production and marketing of pharmaceutical products

Visi Perusahaan

Corporate Vision

Menjadi perusahaan farmasi terkemuka yang menghasilkan produk

To be a prominent pharmaceutical company that brings innovative

inovatif dan jasa kesehatan yang didukung oleh manajemen yang

products and services in the health sector, supported by

profesional serta kemitraan strategis guna meningkatkan kualitas

professional management and strategic partnership to enhance the

hidup masyarakat.

quality of life.

Misi Perusahaan

Corporate Mission

• Menyediakan produk kesehatan terbaik guna memenuhi

• To provide the best products in the health sector in order to fulil

kebutuhan masyarakat. • Memberikan imbal-hasil kepada pemegang saham sebagai releksi kinerja perusahaan dan memberikan penghargaan terhadap karyawan yang memberikan kontribusi serta melakukan inovasi. 4

PT Phapros Tbk. Headquartered in Jakarta

• Menjadi perusahaan yang mempunyai tanggung jawab sosial dan ramah lingkungan.

people’s needs. • To provide shareholders return that relects outstanding performance and to adequately reward those who invest ideas and work in our company. • To be a socially responsible and environment-friendly company.

Warisan yang Berharga A Rich Heritage SEBAGAI sebuah perusahaan farmasi terkemuka Indonesia,

AS A LEADING pharmaceutical company in Indonesia, PT

PT Phapros Tbk. [Perseroan] telah melayani masyarakat

Phapros Tbk. [the Company] has been serving the society for

dengan memproduksi obat-obatan bermutu selama hampir

more than ive decades by providing quality pharmaceutical

enam dasawarsa melalui pabriknya di Semarang. Berawal dari

products from its plant at Simongan 131, Semarang. Owning

NV Pharmaceutical Processing Industries yang merupakan

its root to NV Pharmaceutical Processing Industries that

bagian dari Oei Tiong Ham Concern [OTHC], konglomerat

was established as a part of the expansion of Oei Tiong

pertama Indonesia yang menguasai bisnis gula dan agro-

Ham Concern [OTHC], the irst Indonesian conglomerate

industri, sejak didirikan pada 21 Juni 1954 Phapros telah

then dominating sugar business and agro-industry, since

menumbuhkan Budaya Perusahaan yang mengedepankan

its inception in 21 June 1954 Phapros has been developing

profesionalisme.

Corporate Culture based on professionalism.

Budaya perusahaan ini terus dilestarikan bahkan setelah

The Corporate Culture has always been preserved even after

Perseroan mengalami nasionalisasi pada 1961, ketika seluruh

the Company was nationalized in 1961, when all OTHC’s

kekayaan OTHC diambilalih Pemerintah dan diubah bentuk

assets were acquired by the Government and transferred

jadi PT Perusahaan Perkembangan Ekonomi Nasional

to PT Perusahaan Perkembangan Ekonomi Nasional

[PPEN] Rajawali Nusantara Indonesia yang sekarang dikenal

[PPEN] Rajawali Nusantara Indonesia that is now known

sebagai PT Rajawali Nusantara Indonesia [RNI]. Divestasi

as PT Rajawali Nusantara Indonesia [RNI]. Divestment

yang dilakukan pada awal tahun 1970-an—sehingga saham

made in early 1970s—a corporate action that shifted the

mayoritas Perseroan berada di tangan masyarakat, terutama

majority shareholder into public, especially medical doctors,

kalangan dokter, apoteker, dan profesional lainnya di bidang

pharmacists, and other professionals from healthcare

kesehatan serta karyawan Perseroan—membuat sikap

services as well as the Company’s employees—made

profesional dalam diri insan Phapros tertanam kian kokoh.

professional attitude of Phapros’ workforce deeply stemmed.

Hal ini dapat dimengerti karena, sebagai perusahaan

This is not hard to fathom since, as a public company, Phapros’

publik, Manajemen Phapros harus menjamin akuntabilitas.

Management must ensure accountability. The requirements

Keharusan untuk lebih transparan dan menjalankan prinsip-

to be more transparent and to satisfactorily implement Good

prinsip Tatakelola Perusahaan yang Baik ini membuat

Corporate Governance principles make Phapros’ Corporate

Budaya Perusahaan Phapros yang consumer-oriented dan

Culture that is both consumer-oriented and result-oriented,

mengutamakan hasil sambil tetap menjaga etika bisnis dan

while still maintains business ethics and prudence approaches,

tak meninggalkan sikap prudent, terbentuk kuat sejak dini.

strongly developed since the Company’s early existence.

Sebagai perusahaan yang sangat memperhatikan kualitas,

A quality-oriented pharmaceutical company, Phapros has

Phapros termasuk satu dari lima perusahaan di Indonesia

been one of the irst ive companies in Indonesia awarded

yang pertama kali mendapatkan sertiikasi Cara Pembuatan

Certiication of Good Manufacturing Process [GMP] in 1990.

Obat yang Baik [CPOB] pada 1990. Komitmen tinggi

The Company’s high commitment toward the standard of

Perseroan terhadap standar kualitas bertaraf internasional

best international practices has been further demonstrated

dibuktikan lagi dengan perolehan Sertiikat ISO 9001 pada

by the Certiication of ISO 9001 and Certiication of ISO

1999 dan Sertiikat ISO 14001 pada 2000—yang keduanya

14001 it were awarded in 1999 and 2000—which have

telah ditingkatkan menjadi versi terkini. Sertiikasi OHSAS

since then up-graded to the most current versions. The

18001 yang diterima pada awal 2010 menunjukkan bahwa

Certiication of OHSAS 18001 awarded in early 2010

Phapros adalah perusahaan yang peduli terhadap kelestarian

clearly shows that Phapros is a company that cares to

lingkungan.

environmental sustainability .

Saat ini Perseroan memproduksi 217 item obat, 208 di

Phapros has presently been producing 217 items of

antaranya adalah obat hasil pengembangan sendiri. Untuk

pharmaceutical products, among them 208 are own-

meneruskan kepeloporan yang dikibarkan sejak 1969 melalui

developed. Continuing its pioneering streak in 1969 when Laporan Tahunan 2011 PT Phapros Tbk.

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Memenuhi standar internasional. Sertiikasi ISO 9001:2008, OHSAS 18001:2007 dan ISO 14001:2004 yang diberikan kepada Phapros merupakan pengakuan bahwa Perseroan memenuhi standar internasional dalam melakukan proses bisnisnya.

Complying international standards

.

Certiication of ISO 9001:2008, OHSAS 18001:2007 and ISO 14001:2004 awarded to Phapros are genuine recognition that the Company complies international standard in doing its business process.

peluncuran Pehastone, peluruh batu ginjal yang dibuat

the Company launched Pehastone, a medicinal herbal

dari tanaman obat, pada 2000 Phapros memperkenalkan

formula to treat kidney stones, in 2000 Phapros introduced

produk bahan alam dalam kelompok Agromed yang telah

natural-based products belongs to Agromed of which has

menghasilkan dua produk itofarmaka—terbanyak di antara

spawned two phytopharmaca products—the highest in

perusahaan farmasi Indonesia.

number among pharmaceutical companies Indonesia.

Pada 2011, Phapros meluncurkan 16 item produk baru,

In 2011, Phapros launched 16 item of new products, among

enam di antaranya obat dengan merek milik sendiri,

them six were own-brand, including one item of OTC

termasuk satu item produk OTC. Dari portofolio produknya

product. As of 31 December 2011, from its vast product

yang luas, per 31 Desember 2011 Phapros berhasil meraih

portfolio Phapros amassed Net Income of Rp64.70 billion

Laba Bersih Rp64,70 miliar dari Penjualan Bersih Rp470,67

from Net Sales of Rp470.67 billion, attaining Return on

miliar, membukukan imbal-hasil kepada pemegang saham

Equity [ROE] of 25.5% and Return on Investments [ROI]

[ROE] 25,5% dan Imbal-Hasil atas Investasi [ROI] 22,5%—

of 22.5%—one of the highest among Pharmaceutical

salah satu yang tertinggi di antara Perusahaan Farmasi di

Companies in Indonesia. On the organization side, Phapros

Indonesia. Di sisi organisasi, Phapros yang sejak Desember

which has since December 2000 been an "open" company

2000 telah menjadi perusahaan terbuka yang tercatat di

registered in Indonesia Capital Market and Financial

Badan Pengawas Pasar Modal dan Lembaga Keuangan

Institutions Supervisory Agency [Bapepam-LK] employed

[Bapepam-LK] ini memiliki 1.106 karyawan, 924 di antaranya

1.106 persons, among them 924 were on full-time basis.

adalah karyawan tetap. Phapros’ management irmly believed that, in addition to

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Manajemen Phapros yakin bahwa, selain inovasi dan

innovation and product portfolio, the key to win competition

portofolio produk, kunci keberhasilan untuk memenangkan

in the era of globalization is vast business network. To

persaingan di era globalisasi adalah jejaring bisnis yang kuat.

strengthen its business networks and structures, the

Guna memperkuat jejaring dan struktur bisnis, Perseroan

Company continuously endeavors to expand strategic

terus berupaya memperluas kemitraan strategis dengan

alliances with international companies owning patents and

perusahaan internasional dengan pemilik merek dan teknologi.

brands.

Dengan kinerja usaha yang dibukukan, pada 2011 Phapros

With the excellent business performance, in 2011 Phapros

memperoleh tingkat kesehatan AA.

made successful efforts in attaining the health rate of AA.

Nilai Inti Perusahaan: SPIRIT

Corporate Core Values: SPIRIT

Disarikan dari nilai-nilai yang berkembang di Phapros selama

Formulated from values developed in Phapros throughout its

hampir enam dasawarsa sejarah bisnisnya, nilai-nilai inti yang

nearly six-decade of business history, the core values that has

telah mengibarkan Perseroan sebagai salah satu perusahaan

allowed the Company grew into one the best pharmaceutical

farmasi terbaik di Indonesia itu adalah:

companies in Indonesia are:

• Strive for excellence

• Strive for excellence

• Professional

• Professional

• Integrity

• Integrity

• Respect to customers

• Respect to customers

• Innovative

• Innovative

• Teamwork

• Teamwork

Ikhtisar Keuangan | Financial Highlights Keterangan

Item

2011

2010

2009

2008

2007

Hasil Tahun Buku [Rp miliar] Penjualan bersih Beban pokok penjualan Laba kotor Beban usaha Laba usaha Pendapatan [beban] lain-lain Laba sebelum pajak Pajak penghasilan Laba bersih Jumlah saham beredar [juta lembar] Laba bersih per saham [Rp]

470,67 183,97 286,70 202,12 84,57 4,32 88,89 [24,20] 64,70 84 770

433,20 167,08 266,12 188,54 77,57 5,64 83,22 [21,93] 61,29 84 730

318,47 111,70 206,77 153,14 53,64 9,68 63,32 [17,71] 45,61 84 543

279,70 106,80 172,90 125,77 47,12 4,59 51,72 [15,23] 36,49 84 434

272,16 116,13 156,03 114,80 41,24 2,55 43,78 [14,78] 29,00 84 345

For the Year [Rp billion] Net sales Cost of goods sold Gross proit Operating expenses Operating income Other incomes [expenses] Net income before tax Income tax Net income Outstanding stock [million shares] Net income per share [Rp]

Angka Akhir Tahun [Rp miliar] Aset lancar Aset tidak lancar Aset tetap Aset tetap tak berwujud Aset pajak tangguhan Aset lain-lain Jumlah aset/kewajiban dan ekuitas Kewajiban Kewajiban Lancar Modal kerja bersih Ekuitas Laba ditahan

383,14 79,46 69,72 2,18 6,85 0,64 462,59 123,42 91,45 291,69 339,17 238,03

333,56 62,59 52,08 3,26 6,20 0,99 396,16 90,35 58,23 275,33 305,81 204,67

298,97 45,92 35,60 3,16 6,18 0,92 344,89 77,70 51,31 247,66 267,19 166,05

270,62 33,24 23,88 2,86 6,01 0,43 303,86 65,38 44,91 225,71 238,48 137,07

256,77 23,76 17,25 1,01 5,25 0,20 280,53 65,56 49,30 207,47 214,97 113,83

At the Year End [Rp billion] Current assets Non-current assets Fixed assets Intangible assets Deferred tax assets Other assets Total assets/liabilities and equity Liabilities Current Liabilities Net Working Capital Equity Retained earnings

25,5 22,5 14,0 22,5 419,0 36,39 26,7

25,0 22,7 15,5 130,3 572,8 29,5 22,8

20,8 20,3 13,2 200,8 582,7 29,1 22,5

18,1 18,4 12,0 193,4 602,5 27,4 21,5

15,6 17,1 10,3 124,7 520,8 30,5 23,4

Financial Ratios [%] Return on equity [ROE] Return on investments [ROI] Return on Assets Cash ratio Current ratio Debt to equity ratio Debt to assets ratio

924 AA

919 AAA

895 AA

891 AA

874 AA

Others Number of employees Subsidiaries Health Rating

Rasio Keuangan [%] Rasio laba terhadap ekuitas Rasio laba terhadap investasi Rasio laba terhadap aset Rasio kas Rasio lancar Rasio utang terhadap modal Rasio utang terhadap aset Lain-lain Jumlah karyawan tetap Anak perusahaan Tingkat Kesehatan Perusahaan

500

100

75

450

90

67,5

400

80

60

350

70

52,5

300

60

45

250

50

37,5

200

40

30

150

30

22,5

100

20

15

50

10

7,5

0

0

0

‘07 ‘08 ‘09 ‘10 ‘11

‘07 ‘08 ‘09 ‘10 ‘11

‘07 ‘08 ‘09 ‘10 ‘11

Penjualan Bersih [dalam miliar rupiah] Net Revenues [in billion of rupiah]

Laba Usaha [dalam miliar rupiah] Operating Income [in billion of rupiah]

Laba Bersih [dalam miliar rupiah] Net Income [in billion of rupiah]


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Peristiwa Penting 2011 Signiicant Events 2011

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5 Mei. Rapat Umum Pemegang Saham [RUPS] PT Phapros Tbk. Dihadiri 70,05% pemegang saham, RUPS menerima baik dan menyetujui Laporan Tahunan Direksi untuk Tahun Buku 2010. Kenyataan bahwa RUPS 2011 tak membicarakan hal-hal yang menuntut perubahan besar menunjukkan, Perseroan telah berada pada jalur yang benar.

5 May. Annual Shareholders' General Meeting [ASGM] PT Phapros Tbk. Attended by 70.05% of shareholders, the ASGM well accepted and approved the Directors' Annual Report for Financial Year 2010. The fact that the 2011 ASGM did not discuss any issue requiring signiicant change[s] showed, the Company has been in the right tract.

21 Juni. HUT ke-58 Phapros. Sejarah bisnis Phapros yang cukup panjang menunjukkan bahwa setiap tahun adalah berkah— kerja keras yang membuahkan hasil melimpah. Pada 2011, hari ulang tahun Perseroan yang ke-58 diperingati di Pabrik Semarang secara sederhana namun khidmat, tepat pada 21 Juni.

21 June. Phapros' 58th Anniversary. Phapros' quite long business history shows that every year is a blessing—hard works that is abundantly fruitful. In 2011, the Company's 58th anniversary was commemorated in the Semarang Plant with a simple but solemn celebration party, right on 21 June.

12 Agustus. Antimo raih Top Brand Award. Untuk ke sekian kalinya, Antimo meraih penghargaan bergengsi. Pada 2011, produk travel convenience ini memenangkan Top Brand Award dari Frontier Consulting Group, sebuah perusahaan riset dan konsultan marketing yang berpusat di Jakarta.

12 August. Antimo won Top Brand Award. Once again Antimo won a prestigious award. In 2011, the travel convenience product won the Top Brand Award from the Frontier Consulting Group, a marketing consulting and research company based in Jakarta.

14 November. Penandatanganan Nota Kesepahaman dengan Menteri Kesehatan Sebagai perusahaan farmasi yang concern terhadap masalah kesehatan, Phapros menandatangani Nota Kesepahaman dengan Kementerian Kesehatan untuk mendukung tercapainya Millennium Development Goals [MDGs].

14 November. Signing of Memorandum of Understanding with the Minister of Health As a pharmaceutical company that concerns with health-related problems, Phapros signed a Memorandum of Understanding with the Ministry of Health to support the attainment of the Millennium Development Goals [MDGs].

12 Desember. Peluncuran Resmi Ristonat Tablet. Peluncuran produk Branded Ethical semacam Ristonat tablet merupakan bagian dari upaya terpadu Phapros mengembangkan portofolio produk yang seimbang. Pada 2011, Perseroan juga meluncurkan empat produk Branded Ethical lainnya—Phinev dan Vitka Infant injeksi serta Saltam 2 dan Saltam 4 tablet—plus Antimo Anak Strawberry sachet [OTC] dan 10 OGB.

12 December. Grand Launching of Ristonat Tablet. The launching of such Branded Ethical product as Ristonat tablet is among Phapros' integrated efforts in developing more balanced product portfolio. In 2011, the Company also unveiled four other Branded Ethical products—Phinev and Vitka Infant injections as well as Saltam 2 and Saltam 4 tablets—plus Antimo Anak Strawberry sachet [OTC] and 10 OGB.

Struktur Organisasi Organization Structure

Direktur Utama

President Director

Sekretaris Perusahaan Corporate Secretary

Direktur Produksi

Direktur Keuangan

Direktur Pemasaran

Production Director

Finance Director

Marketing Director

Satuan Pengawasan Intern

P4

Engineering

Akuntansi

Teknologi Informasi

MM Ethical [Alpha]

Marketing Insight

Internal Audit Unit

PPIC

Engineering

Accounting

Information Technology

MM Ethical [Alpha]

Marketing Insight

Pengembangan Bisnis

Produksi

Keuangan

MM OGB [Gamma]

Business Development

Production

Finance

MM Generic [Gamma]

Manajemen Risiko

Quality Operation

SDM dan Umum

MM OTC

Risk Management

Quality Operation

HR and General Affairs

MM OTC

Pengadaan

Perencanaan & Pengembangan Produk

Procurement

Product Research & Development


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Laporan Dewan Komisaris The Board of Commissioners' Report

Pada 2011, selain meraih pertumbuhan Penjualan dan Laba yang positif, Phapros juga berhasil menyelesaikan pembangunan beberapa sarana produksi penting dan meningkatkan infrastruktur Tatakelola Perusahaan yang Baik [GCG]. Dewan Komisaris yakin bahwa Direksi telah melakukan upaya yang sungguh-sungguh dalam melaksanakan tugas profesional mereka. In 2011, while attaining positive growth on both its Sales and Income, Phapros also timely completed some production facilities and made substantial improvement on Good Corporate Governance [GCG] infrastructure. The Board of Commissioners believed that the Board of Directors has made the best eforts in carrying their professional duties. 10


Para Pemegang Saham yang Terhormat,

Dear Valued Shareholders,

TAHUN 2011 merupakan tahun yang penuh tantangan bagi perekonomian Indonesia. Tetapi, di tengah masih berlarutnya krisis ekonomi Eropa, Produk Domestik Bruto [PDB] tumbuh 6,5%— lebih tinggi dibanding 6,1% yang dicapai pada tahun sebelumnya.

THE YEAR 2009 WAS a very challenging year for Indonesian economy. However, amid the prolonged economic crisis in Europe, the Country's Gross Domestic Production [GDP] grew 6.5%—higher than the 6.1% achieved in the preceding year.

Pertumbuhan ekonomi yang cukup tinggi ini terutama didorong oleh konsumsi dalam negeri. Dari sisi produksi, menurut Bank Indonesia, sektor yang menjadi pendorong utama pertumbuhan ekonomi nasional tersebut adalah industri [manufaktur], transportasi dan komunikasi, serta perdagangan, hotel dan restoran.

The fairly high economic growth was primarily driven by domestic consumption. From the production side, according to Bank Indonesia, the main drivers of the national economic growth were the sectors of industry [manufacturing], transportation and communications, as well as trade, hotels and restaurants.

Dengan perkembangan ekonomi makro yang demikian, Dewan Komisaris menerima baik pencapaian Direksi dengan beberapa catatan kecil. Pada 2011, Direksi telah membukukan pertumbuhan yang positif, baik dari sisi Penjualan maupun Laba. Pencapaian ini cukup menggembirakan mengingat bahwa pada saat yang sama Perseroan juga berhasil meningkatkan beberapa fasilitas isik, terutama terkait produksi.

Under such macroeconomic conditions, the Board of Commissioners found that the Board of Directors quite good achievements, with some notes. In 2011, the Board of Directors has posted a positive growth, both in term of Sales and Income. This was quite encouraging provided that at the same time the Company also successfully improved some physical facilities, especially those related to production.

Tetapi, laju pertumbuhan yang melambat dibanding pada 2010 itu memerlukan perhatian guna memastikan bahwa pada tahun-tahun mendatang dapat ditingkatkan kembali. Namun demikian, dari hasil pengawasan yang kami lakukan, Dewan Komisaris yakin bahwa Direksi dan segenap jajarannya telah mencurahkan tenaga secara bersungguh-sungguh dalam melaksanakan tugas profesional mereka.

However, the lower growth rate than that in 2010 needs special attention to ensure that it would be improved in the coming years. Nevertheless, based on the monitoring we thoroughly conducted, the Board of Commissioners believe that the Board of Directors and the employees of all levels have made the best efforts in carrying their professional duties.

Terkait tatakelola perusahaan, Dewan Komisaris—yang diangkat kembali pada RUPS 2011—telah dan terus meningkatkan infrastruktur Tatakelola Perusahaan yang Baik [GCG] Perseroan. Pada 2011, kami antara lain telah memastikan diterbitkan dan didistribusikannya Piagam Audit Internal serta membentuk Komite Nominasi. Dengan pengembangan ini, sekarang Phapros telah memiliki perangkat normatif GCG yang cukup lengkap. Kinerja Phapros yang mengesankan tersebut kiranya tak akan tercapai tanpa peran-serta para pelanggan, mitra usaha, dan masyarakat di lingkungan Perseroan, serta dukungan penuh dari para pemegang saham. Untuk itu, kami menyampaikan penghargaan yang setinggi-tingginya kepada seluruh stakeholders. Kepada segenap jajaran Direksi dan Karyawan yang telah bekerja keras dengan penuh dedikasi, kami menyampaikan penghargaan dan terima kasih. Kami juga mengajak seluruh insan Phapros untuk terus meningkatkan inovasi dan kreativitas, sehingga Perseroan dapat menempatkan diri sebagai perusahaan farmasi nasional terkemuka sesuai dengan Visi Perusahaan.

Regarding corporate governance, the Board of Commissioners— that was reappointed in the SGM 2011—has been improving the Company's Good Corporate Governance [GCG] infrastructure. In 2011, we among others ensured the publication and dissemination of the Internal Audit Charter and also established the Nomination Committee. With the new development, Phapros has now been having nearly complete GCG normative instruments. Phapros’ successful efforts in achieving the impressive performance might not be easily realized without the unfailing support of our customers, business partners, communities in the Company’s vicinity and, especially, our shareholders. We therefore would like to express our highest appreciation to the stakeholders. We would also like to express our appreciation and gratitude to the Board of Directors and Employees at all levels for their hard works and dedication. Finally, let us continuously improve innovation and creativity to ensure that Phapros will be a leading pharmaceutical company in the Country as pledged in the Company’s Vision. Jakarta, March 2012

Ir. Bambang Prijono Basoeki, M.Sc. Komisaris Utama I President Commissioner

Prof. Dr. dr. Farid Anfasa Moeloek, SpOG[K] Komisaris Independent I Independent Commissioner

Drs. Masrizal Achmad Syarief, Apt. Komisaris I Commissioner

Drs. Sugianto Umar Kasan, Akt. Komisaris I Commissioner


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Dewan Komisaris Board of Commissioners

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Ir. Bambang Prjono Basoeki, M.Sc. Komisaris Utama Lahir di Malang, 10 Oktober 1956 Warga Negara Indonesia Beliau menjabat sebagai Komisaris Utama PT Phapros Tbk sejak April 2008. Gelar insinyur diperolehnya dari Universitas WR Supratman pada 1997. Ir. Bambang Prijono Basoeki memulai karier profesionalnya sebagai Ahli Kimia di Pabrik Gula [PG] Rejo Agung Madiun [1993–1997]. Setelah itu, karir beliau berlanjut di PG Madu Baru Yogyakarta sebagai Kepala Pabrikasi [1998–2000], PG Karangsuwung Cirebon sebagai General Manager [2001], PG Rejo Agung Madiun juga sebagai General Manager [2002–2003], dan PTPG Rajawali II sebagai Direktur Utama [2003–2007]. Pada akhir 2007, beliau terpilih menjadi Direktur Utama PT RNI.

Ir. Bambang Prjono Basoeki, M.Sc. President Commissioner Born in Malang, 10 October 1956 Indonesian Citizen He has been the President Commissioner of PT Phapros since April 2008. He graduated with a irst degree in engineering from WR Supratman University in 1997. Ir. Bambang Priyono Basoeki started his professional career as Chemical Engineer at Pabrik Gula [PG] Rejo Agung Madiun [1993–1997]. Subsequently, he was transferred to PG Madu Baru Yogyakarta as Plant Manager [1998– 2000], PG Karangsuwung Cirebon as General Manager [2001], PG Rejo Agung Madiun also as General Manager [2002–2003], and PTPG Rajawali II as President Director [2003–2007]. In late 2007, he was appointed as President Director of PT RNI.

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Drs. Sugianto Umar Kasan, Akt. Komisaris Lahir di Brebes, 11 Mei 1955 Warga Negara Indonesia Beliau menjabat sebagai Komisaris PT Phapros Tbk sejak 22 April 2010. Memperoleh gelar sarjana ekonomi bidang akuntansi dari Universitas Gadjah Mada, Yogyakarta, pada 1983, Drs. Sugianto Umar Kasan, Akt. memulai kariernya sebagai Staf Akuntansi di PT Pupuk Kujang [1983] dan bergabung dengan PT Rajawali Nusindo sebagai Kepala Bagian Akuntansi pada 1991. Setelah itu, karir beliau terus meningkat menjadi Kepala Bagian SPI di PT RNI [1998], Kepala Bidang Akuntansi & Keuangan di PG Rajawali II [1998–1999], Kepala Departemen Keuangan di PT Phapros [1999–2001], Direktur di PT GIEB [2002–2003] dan Direktur Utama Phapros [2003–2005]. Sebelum menjadi Komisaris Phapros, beliau sempat ditarik lagi ke PT RNI sebagai Deputi Direktur Akuntansi [2005–2007] dan Deputi Direktur Keuangan Korporasi [2007–sekarang] perusahaan induk tersebut.

Drs. Sugianto Umar Kasan, Akt. Commissioner Born in Brebes, 11 May 1955 Indonesian Citizen He has been PT Phapros Tbk’s Commissioner since 22 April 2010. Earned a irst degree in accounting from the Faculty of Economics, Gadjah Mada University, Yogyakarta, in 1983, Drs. Sugianto Umar Kasan, Akt. started his professional career as Accounting Staff at PT Pupuk Kujang [1983] and joined PT Rajawali Nusindo as Accounting Department Head in 1991. Afterwards, he was promoted to IAU Head at PT RNI [1998], Accounting & Finance Department Head at PG Rajawali II [1998–1999], Finance Department Head at PT Phapros [1999–2001], Director at PT GIEB [2002–2003] and Phapros’ President Director [2003–2005]. Prior to his appointment as Phapros, Commissioner, he was transferred back to PT RNI as Accounting Deputy Director [2005–2007] and Corporate Finance Deputy Director [2007–until presently] at the holding company.

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Drs. Masrizal Achmad Syarief, Apt. Komisaris Lahir di Payakumbuh, 7 Agustus 1955. Warga Negara Indonesia Beliau dipercaya sebagai Komisaris PT Phapros Tbk sejak April 2008. Gelar Sarjana Farmasi dan Apoteker diperolehnya dari Universitas Gadjah Mada, Yogyakarta, pada 1982. Drs. Masrizal Achmad Syarief, Apt. memulai karir profesionalnya di PT Kimia Farma [1982–1985]. Sejak 1986, beliau berwiraswasta dan sampai sekarang mengelola PT Graha Ismaya Ltd.

Drs. Masrizal Achmad Syarief, Apt. Commissioner Born in Payakumbuh, 7 August 1955. Indonesian Citizen He has been serving PT Phapros Tbk. as a Commissioner since April 2008. He obtained a irst degree and a professional degree in Pharmacy [Apoteker] from Gadjah Mada University, Yogyakarta, in 1982. Drs. Masrizal Achmad Syarief, Apt. started his career at PT Kimia Farma [1982–1985]. Since 1986, he has been an entrepreneur and managing PT Graha Ismaya Ltd.

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Prof. Dr. dr. Farid Anfasa Moeloek, SpOG[K] Komisaris Independen Lahir di Liwa, 28 Juni 1944 Warga Negara Indonesia Beliau menjadi Komisaris Independen PT Phapros Tbk sejak 16 April 2005. Gelar Dokter diperolehnya dari Universitas Indonesia, Jakarta, pada 1970, brevet keahlian di bidang obstetri dan ginekologi pada 1976 dan gelar doktor [dengan predikat cum laude] pada 1983. Prof. Dr. dr. Farid Anfasa Moeloek, SpOG[K] memulai karirnya sebagai staf pengajar di FKUI pada 1971. Beliau antara lain dipercaya menjadi Deputi Direktur Bidang Akademik, Program Pascasarjana [1990–1996] dan Direktur Program Pascasarjana UI [1996–1998]. Di pemerintahan, beliau dipercaya menjadi anggota MPR RI [1999] dan Menteri Kesehatan Kabinet Pembangunan VII serta Kabinet Reformasi Pembangunan. Menulis 160 karya ilmiah dan menjadi editor 11 buku ilmiah, beliau menjadi anggota kehormatan International Society on Human Reproduction dan Society of Fallopian Tube in Health and Disease serta ketua Ikatan Dokter Indonesia [2003–2006] dan Masean Council [2004–2006].

Prof. Dr. dr. Farid Anfasa Moeloek, SpOG[K] Independent Commissioner Born in Liwa, 28 June 1944 Indonesian Citizen He has been Phapros’ Commissioner since 16 April 2005. He obtained a irst degree in medicine from University of Indonesia, Jakarta, in 1970, brevet in obstetrics and gynecology in 1976 and a doctorate degree [graduated cum laude] in 1983. Prof. Dr. dr. Farid Anfasa Moeloek, SpOG[K] started his career as teaching staff in FKUI, in 1971. He among others has been appointed to positions of Deputy Director of Academic Affair, Post Graduate Program [1990– 1996] and Director of UI Post Graduate Program [1996–998]. In the governmental level, he has been a member of MPR RI [1999] and Minister of Health of Kabinet Pembangunan VII as well as of Kabinet Reformasi Pembangunan. Authoring about 160 scientiic papers and editing 11 scientiic books, he was appointed as honorary member of International Society on Human Reproduction and Society of Fallopian Tube in Health and Disease as well as chairman of Indonesian Doctors Association [2003–2006] and Masean Council [2004–2006].


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Laporan Direksi The Board of Directors' Report

Pertumbuhan bisnis positif yang diraih selama lima tahun terakhir ini menunjukkan bahwa Phapros telah berada pada jalur yang benar dalam mengantisipasi persaingan ketat di industri farmasi. Pada 2011, Perseroan berhasil meningkatkan Penjualan maupun Laba serta rasio kemampulabaan, termasuk imbal-hasil atas ekuitas [ROE] dan imbal-hasil atas Investasi [ROI].

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Positive business growth attained in the last ive years indicates that Phapros has been on the right tract in anticipating the tight competition in pharmaceutical industry. In 2011, the Company made successful eforts in increasing both its Sales and Income as well as its proitability ratio, including return on equity [ROE] and return on investment [ROI]. Laporan Tahunan 2011 PT Phapros Tbk.

Para Pemegang Saham yang Terhormat,

Dear Valued Shareholders,

SECARA UMUM, pada 2011 PT Phapros Tbk. meraih

IN GENERAL, in 2011 PT Phapros Tbk. achieved a positive

pertumbuhan bisnis yang positif. Dari sisi Penjualan

business growth. In term of Net Sales, Phapros made a quite

Bersih, Phapros membukukan peningkatan yang cukup

impressive increase, Rp37.47 billion, to Rp470.67 billion

mengesankan, Rp37,47 miliar, menjadi Rp470,67 miliar dari

from Rp433.20 billion in the preceding year. Meanwhile,

Rp433,20 miliar pada tahun sebelumnya. Sementara itu, Laba

the Company's Net Income increased by Rp3.41 billion to

Bersih Perseroan meningkat Rp3,41 miliar menjadi Rp64,70

Rp64.70 billion.

miliar. The continual performance improvement, both on Net Sales Peningkatan kinerja yang terus menerus, baik dari sisi

and Net Income, for the last ive years relected Phapros'

Penjualan Bersih maupun Laba Bersih, selama lima tahun

successful efforts in maintaining the Company's irm position

terakhir ini mencerminkan keberhasilan Phapros dalam

as the trusted partner of its customers, especially medical

menempatkan diri sebagai mitra terpercaya pelanggan,

doctors and other professionals in healthcare services.

terutama kalangan dokter dan profesional kesehatan lainnya.

One of the key indicators that showed the Company’s

Salah satu indikator keberhasilan ini adalah peningkatan

achievements was the increase of Net Sales of so called

Penjualan Bersih produk Branded Ethical, yaitu obat-obat

Branded Ethical products, i.e. branded medicines that have to

bermerek yang harus diresepkan oleh dokter.

be prescribed by doctors.

Indikator lain adalah peningkatan Penjualan Bersih produk

Another key indicator was the increase of Net Sales of the

obat yang dijual bebas [OTC, over the counter] yang juga

Company's non-prescription medicines [over the counter,

tinggi. Pada 2011, penjualan Antimo telah menembus

OTC] products that was as nearly as high. In 2011, the Net

Rp50 miliar dan Antimo Anak semakin jauh melampaui titik

Sales of Antimo has exceeded Rp50 billion and Antimo Anak

psikologis Rp10 miliar. Bahkan, penjualan produk Agromed,

was farther beyond the psychological point of Rp10 billion.

utamanya Hemorogard dan X-gra, meningkat lebih tinggi

The Net Sales of Agromed, especially Hemorogard and

walau dari basis yang relatif rendah. Pertumbuhan penjualan

X-gra, even increased higher, although from a relatively lower

produk OTC dan Agromed ini menunjukkan peningkatan

base. The high growth of Net Sales of OTC and Agromed

kepercayaan masyarakat luas terhadap Phapros.

products indicates higher trust among general consumer toward Phapros.

Selain itu, pertumbuhan positif yang diraih juga menunjukkan bahwa selama ini Perseroan telah berada pada jalur yang

In addition, the positive growth achieved also indicates that

benar dalam mengantisipasi persaingan yang semakin

currently the Company is on the right tract in anticipating

ketat di industri farmasi. Pada 2011, Perseroan terus

increasingly keener competition in pharmaceutical industry. In

memfokuskan diri pada empat butir prioritas yang boleh

2011, the Company continuously focused its efforts on four

dikatakan seluruhnya tercapai. Secara singkat pencapaian

points of priorities that were all virtually attainable. Briely, the

masing-masing prioritas tersebut adalah:

Company’s achievements on the four points are as follows:

• Penajaman Kemampuan Penetrasi Pasar. Melakukan

• Sharpening the Ability to Penetrate Market. With

upaya terus menerus untuk menjadi mitra terpercaya

continuous improvement efforts to make the Company

pelanggan melalui knowledge-based marketing, Phapros

a trusted partner for its customers through knowledge-

berhasil meningkatkan penjualan produk Branded Ethical

based marketing, Phapros was able to continuously

secara berkesinambungan. Pada 2011, Penjualan Bersih

increase Net Sales of its Branded Ethical products. In

produk yang harus dijual dengan resep ini tumbuh 13,1%,

2011, Net Sales of the prescription products grew by


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dari Rp140,08 miliar menjadi Rp158,49 miliar. Untuk

13.1%, from Rp140.08 billion to Rp158.49 billion. For

produk OTC, promosi terarah yang dilakukan juga berhasil

OTC products, the Company’s highly targeted promotion

meningkatkan Penjualan Bersih produk yang harus

campaigns was also successful in increasing Net Sales

bersaing bebas di pasar itu, yaitu dari Rp69,95 miliar

of the products in the free, highly competitive market, i.e.

menjadi Rp78,42 miliar, atau 12,1%.

from Rp69.95 billion to Rp78.42 billion, or 12.1%.

• Pengembangan Portofolio Produk yang Dinamis. Guna

long-term demands, the Company makes continuous

mengupayakan portofolio produk yang lebih seimbang

efforts to develop a more balanced product portfolio

dengan memangkas produk-produk yang tidak ekonomis

by pruning products that are no longer economically

lagi secara bisnis dan, di sisi lain, mengembangkan

beneicial and, on the other hand, creating new champion

produk masa depan, terutama produk Obat dengan Nama

products, especially those with own-brand [OND] which

Dagang [OND] yang menjanjikan margin lebih tinggi. Pada

command higher margins. In 2011, the Company's

2011, promosi yang tepat dan upaya pemasaran lainnya

focused promotion and other marketing efforts were not

bukan hanya berhasil meningkatkan Penjualan Bersih

only successful in increasing the Net Sales of OND in

OND secara nominal, melainkan juga secara relatif. Hal ini

nominal but also in relative term. This was relected on the

terbukti dengan meningkatnya proporsi Penjualan Bersih

increased proportion of the Net Sales of both Branded

Branded Ethical maupun OTC, masing-masing dari 32,3%

Ethical and OTC products, i.e. from 32.3% and16.1% to

dan 16,1% menjadi 33,7% dan 16,7%.

33.7% and 16.7%, respectively.

Sebagai upaya jangka panjang, pada 2011 Perseroan

On the long-term front, in 2011 the Company launched

meluncurkan 16 item produk baru. Di antara produk

16 items of new products. Among the new products, six

baru tersebut, enam adalah OND—masing-masing lima

items are OND—those are five Branded Ethical and two

Branded Ethical dan satu OTC.

OTC.

• Peningkatan Eisiensi guna Memperkuat Basis

• Eficiency Improvement to Strengthen the Base for

Pertumbuhan Jangka Panjang. Secara umum, Phapros

Long-term Growth. In general, Phapros has been making

berhasil melakukan peningkatan eisiensi bisnisnya secara

successful efforts in continuously improving its business

berkesinambungan. Pada 2011, pendapatan toll-in

eficiency. In 2011, revenue from toll-in manufacturing that

manufacturing yang meningkat dan membutuhkan biaya

increased and required lower cost, for example, relected

yang lebih rendah, misalnya, mencerminkan peningkatan

the improvement in the eficiency of the Company's

eisiensi sistem produksi Perseroan.

production system.

Di tengah regulasi yang semakin ketat, Persersoan

The Company. amid the increasingly tighter regulations,

akan terus meningkatkan fasilitas produksi, termasuk

would continue to improve its production facilities,

merenovasi Gedung CPOB Lantai III yang selama ini

including renovating the 3rd Floor of CPOB Building which

digunakan untuk produksi obat bentuk cairan. Dengan

had been used for the production of liquid preparations.

peningkatan fasilitas di Gedung CPOB ini diharapkan

With the improvement of the CPOB Building, it is

Phapros akan mampu mengibarkan diri menjadi satu dari

expected that Phapros will be one of a few pharmaceutical

sedikit perusahaan farmasi yang sangat diperhitungkan

companies that are regarded as the best in the production

dalam produksi injeksi.

of injectable preparations.

• Peningkatan Kompetensi Sumber Daya Manusia.

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• Development of Dynamic Product Portfolio. To fulill

memenuhi kebutuhan jangka panjang, Perseroan terus

• Improvement of Human Resource Competence. In

Selain meningkatkan sumberdaya manusia [SDM] melalui

addition to improve the Company’s human resources

berbagai pendidikan dan latihan yang terarah, Phapros

[HR] through various well-planned education and training,


juga terus berupaya memperkokoh Budaya Perusahaan

Phapros also strives to continuously strengthen its

yang mengedepankan profesionalisme. Pada 2011,

Corporate Culture that based on professionalism. In 2011,

Perseroan telah menerbitkan Buku Panduan Good

the Company published the Guidance on Good Corporate

Corporate Governance [GCG] dan melakukan sosialisasi

Governance [GCG] and disseminated to employees of

kepada seluruh karyawan tentang penerapan GCG

all levels the practical implementation of the GCG in daily

tersebut dalam kerja profesional sehari-hari. Perseroan

professional work. The Company has also established the

juga telah membentuk Komite Nominasi yang dapat

Nomination Committee that could be expected to make

diharapkan membuat nominasi untuk posisi manajemen

nomination for managerial positions and its remunerations

dan remunerasinya dengan lebih baik dan transparan.

better and transparent.

Laporan rinci tentang kinerja Phapros sepanjang 2011 akan

The more detailed accounts of Phapros’ achievement

disampaikan pada bagian selanjutnya dari buku ini. Tetapi,

throughout 2011 are presented in the later parts of this

secara umum, kinerja Perseroan pada 2011 cukup baik.

Annual Report. However, in general, the Company's

Portofolio penjualan produk yang optimal telah kian terbentuk

business performance in 2011 was very encouraging.

dan dapat diharapkan akan memberikan landasan yang kuat

The Company's product sales portfolio has been reined

untuk pertumbuhan jangka panjang. Apalagi Perseroan juga

and could be expected to give a strong base for its long-

akan terus melakukan upaya peningkatan portofolio produk

term growth. Moreover, the Company would also make

secara terpadu.

continuous, integrated efforts to improve its product portfolio.

Tanpa dedikasi dan kerja keras seluruh karyawan, kinerja

It is acknowledged that without dedication and hard works

yang menggembirakan tersebut belum tentu tercapai. Untuk

of employees at all levels, the Company’s excellent inancial

itu, Direksi menyampaikan penghargaan yang setinggi-

performance might not be attained. The Board of Directors would

tingginya kepada seluruh staf dan karyawan atas kerja keras

therefore like to express highest appreciation to the Company’s

mereka sepanjang 2011. Kami juga menyampaikan terima

staff and employees for their extraordinary contribution throughout

kasih kepada seluruh mitra usaha, pemasok, pemegang

2009. We would also like to thank our business partners,

saham, Pemerintah, dan seluruh stakeholders yang telah

suppliers, shareholders, the Government, and all stakeholders

memberikan dukungan dan kepercayaan kepada Phapros.

for their unfailing supports and trust toward Phapros.

Jakarta, March 2012

Drs. Erlangga Tri Putranto, Akt. Direktur Utama I President Director

Herman Santoso, S.E., M.M. Direktur Pemasaran I Marketing Director

Drs. Iswanto, M.M., Apt. Direktur Produksi I Production Director

Sutiyono, S.E. Direktur Keuangan I Finance Director


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Direksi Board of Directors

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Drs. Erlangga Tri Putranto, Akt. Direktur Utama Lahir di Solo, 8 Oktober 1963 Warga Negara Indonesia Beliau terpilih menjadi Direktur Utama PT Phapros Tbk. pada 22 April 2010. Gelar Sarjana Ekonomi bidang Akuntansi diperolehnya dari Universitas Gadjah Mada, Yogyakarta, pada 1992. Karir beliau dimulai di PT RNI pada 1994 sebagai Staf Akuntansi, kemudian Staf Divisi Jasa Manajemen pada 1996. Setelah itu, pada 2000 beliau dipindahkan ke anak perusahaan, Phapros, Semarang, sebagai Staf Departemen Akuntansi dan dipromosikan menjadi Manajer Akuntansi pada 2002. Pada 2004, Drs. Erlangga Tri Putranto, Akt. ditarik lagi ke PT RNI dan dipercaya menduduki jabatan Deputi Direktur Bidang Akuntansi. Sebelum menjabat Direktur Utama, beliau menjadi Direktur Keuangan Phapros [2005–2010].

Drs. Erlangga Tri Putranto, Akt. President Director Born in Solo, 8 October 1963 Indonesian Citizen He was appointed as the President Director of PT Phapros Tbk. in 22 April 2010. He obtained a irst degree in Accounting from Gadjah Mada University, Yogyakarta, in 1992. He started his career at PT RNI in 1994 as Accounting Staff and then Staff of Management Services Division in 1996. Afterwards, in 2000 he was transferred to the company’s subsidiary, Phapros, Semarang, as Accounting Staff and promoted to Manager of Accounting Department in 2002. In 2004, Drs. Erlangga Tri Putranto, Akt. was transferred back to PT RNI and promoted to the position of Deputy Director for Accounting. Before appointed as the President Director, he was the Company’s Finance Director [2005–2010].

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Sutiyono, S.E. Direktur Keuangan Lahir di Boyolali, 17 Oktober 1961 Warga Negara Indonesia Beliau terpilih menjadi Direktur Keuangan PT Phapros Tbk. pada 22 April 2010. Gelar Sarjana Ekonomi bidang Akuntansi diperolehnya dari STIE Mulia Pratama, Bekasi, pada 2003. Karir beliau dimulai di RNI Group dimulai di PT Rajawali Nusindo sebagai Kepala Seksi Anggaran & Sistem Akuntansi [1998–2000]. Setelah memegang jabatan sebagai Kepala Bagian Pengadaan PT RNI [2001–2003], beliau kembali ke Rajawali Nusindo sebagai Manajer Umum [2004–2006] dan General Manager Akuntansi [2006–2007]. Sebelum diangkat menjadi Direktur Keuangan Phapros, beliau menjabat General Manager Akuntansi & Keuangan Rajawali Nusindo [2007–2010].

Sutiyono, S.E. Finance Director Born in Boyolali, 17 October 1961 Indonesian Citizen He was appointed as the Finance Director of PT Phapros Tbk. in 22 April 2010. He obtained a irst degree in Accounting from STIE Mulia Pratama, Bekasi, in 2003. His career in RNI Group was started at PT Rajawali Nusindo as Budget & Accounting System Head Section [1998–2000]. After serving as Procurement Department Head at PT RNI [2001–2003], he was transferred back to Rajawali Nusindo as Manager of General Affairs [2004–2006] and Accounting General Manager [2006–2007]. Prior to his appointment as Phapros’ Finance Director, he held a position of Accounting & Finance General Manager at Rajawali Nusindo [2007–2010].

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Herman Santoso, S.E., M.M. Direktur Pemasaran Lahir di Pemalang, 10 Februari 1960 Warga Negara Indonesia Beliau terpilih menjadi Direktur Pemasaran PT Phapros Tbk. pada 24 April 2010. Gelar Sarjana Ekonomi jurusan Manajemen diperolehnya dari Universitas Tanjung Pura, Pontianak, pada 2003, dan Magister Manajemen dari STIE Arta Bodhi Iswara, Surabaya, pada 2007. Karir beliau di RNI Group dimulai di PT Rajawali Nusindo sebagai Kepala Operasional Cabang Semarang [2000–2001], kemudian Kepala Cabang Pontianak [2002–2004], Kepala Cabang Semarang HC [2004–2007] dan General Manager Distribusi [2007–2009]. Sebelum menjabat Direktur Pemasaran, beliau menjadi Marketing Manager Alpha Phapros [2009–2010].

4

Drs. Iswanto, M.M., Apt. Direktur Produksi Lahir di Sukoharjo, 17 September 1960 Warga Negara Indonesia Beliau terpilih menjadi Direktur Produksi PT Phapros Tbk. pada 22 April 2010. Beliau mendapat gelar Sarjana Farmasi dan Apoteker dari Universitas Gadjah Mada, Yogyakarta, pada 1986, serta gelar Magister Manajemen dari Universitas Diponegoro, Semarang, pada 2001. Di PT Phapros beliau pernah menduduki jabatan Kepala Bagian Produksi [1999–2000], Kepala Departemen Operasi [2000], Kepala Departemen PMPP [2000–2002], Manajer Perencanaan & Pengembangan Produk [2002–2003] dan Manajer Agromed [2003–2004]. Sebelum terpilih jadi Direktur Produksi Phapros, beliau sempat ditarik ke PT RNI sebagai Asisten Deputi Direktur Pengembangan [2007–2010] dan Asisten Deputi Direktur Pengembangan Usaha Non-Agro [2004–2007] di perusahaan induk tersebut.

Herman Santoso, S.E., M.M. Marketing Director Born in Pemalang, 10 February 1960 Indonesian Citizen He was appointed as the Marketing Director of PT Phapros Tbk. in 24 April 2010. He obtained a irst degree in Management from Tanjung Pura University, Pontianak, in 2003, and Magister Manajemen degree from STIE Arta Bodhi Iswara, Surabaya, in 2007. His career in RNI Group was started at PT Rajawali Nusindo as Operation Manager Semarang Branch [2000–2001], then Branch Manager Pontianak [2002–2004], Branch Manager Semarang HC [2004–2007] and Distribution General Manager [2007–2009]. Before appointed as the Marketing Director, he was Phapros’ Marketing Manager Alpha [2009–2010].

Drs. Iswanto, M.M., Apt. Production Director Born in Sukoharjo, 17 September 1960 Indonesian Citizen He was appointed as the Finance Director of PT Phapros Tbk. in 22 April 2010. He earned a irst degree and professional degree in Pharmacy [Apoteker] from Gadjah Mada University, Yogyakarta, in 1986, as well as Magister Manajemen degree from Diponegoro University, Semarang, in 2001. At PT Phapros among others has held the position of Production Department Head [1999–2000], Operation Department Head [2000], QA & QC Department Head [2000–2002], Product Plan & Development Manager [2002–2003] and Agromed Manager [2003–2004]. Prior to the appointment as Phapros’ Production Director, he was transferred to PT RNI as Assistant Deputy Director of Development [2007–2010] and Assistant Deputy Director of Non-Agro Business Development [2004– 2007] at the holding company.


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20


Tatakelola Perusahaan Corporate Governance


21

Tatakelola Perusahaan Phapros Phapros' Corporate Governance BAGI PHAPROS, Tatakelola Perusahaan yang Baik [GCG]

FOR PHAPROS, Good Corporate Governance [GCG] is all

bukanlah hal yang baru. Didirikan sebagai sebuah perusahaan

but new. Founded as a company with multi-shareholders,

dengan banyak pemegang saham, Phapros sejak awal telah

Pjapros has since its early history been driven by the need

didorong oleh keharusan untuk membentuk suatu keseimbangan

to ind a delicate balance among various interests of many

di antara kepentingan para stakeholder yang berperan besar

stakeholders who each plays a major role for the Company

dalam mendukung keberhasilan bisnis Perseroan.

in achieving its business success.

Kenyataannya, penerapan prinsip-prinsip GCG terbukti telah

In fact, the implementation of GCG principles proved to have

membantu upaya Perseroan dalam menciptakan nilai jangka

helped the Company's efforts in creating high long-term

panjang yang tinggi bagi para stakeholders [pemangku

values for stakeholders while protecting the interest of its

kepentingan] sekaligus melindungi kepentingan pemegang

shareholders. In other words, it is the implementation of GCG

saham. Dengan kata lain, penerapan prinsip-prinsip GCG

principles that has long been the secret of the Company's

itulah yang menjadi rahasia sukses Perseroan.

success.

Hal ini pada gilirannya mendorong Phapros untuk terus

This in turn encourages Phapros to continuously renew

memegang komitmen terhadap GCG dan menjadikannya

its high commitment toward GCG and even make it the

budaya perusahaan Perseroan. Apalagi, dalam

Company's corporate culture. Moreover, with further

perkembangan yang terjadi di dunia bisnis, penerapan

development taking place in the business world, the

prinsip-prinsip GCG menjadi parameter bagi pihak-pihak

implementation of GCG principles becomes the parameter

yang berkepentingan untuk menilai manajemen perusahaaan

for interested parties to assess management of a company in

dalam menjalankan kegiatan operasional yang diamanatkan

running business operations mandated by the Shareholders'

oleh Rapat Umum Pemegang Saham [RUPS].

General Meeting [SGM].

Dalam penerapan GCG, Phapros berpedoman pada lima

In implementing the GCG, Phapros takes the following ive

prinsip dasar berikut:

fundamental principles as its guidance:

• Transparansi, yaitu keterbukaan dalam setiap pengambilan keputusan dan dalam mengemukakan informasi materiil yang relevan mengenai perusahaan.

• Akuntabilitas, yaitu kejelasan fungsi, pelaksanaan dan pertanggungjawaban organ Perseroan, sehingga pengelolaan perusahaan terlaksana secara efektif.

• Pertanggungjawaban, yaitu kesesuaian pengelolaan

and in conveying information materially relevant regarding the company.

• Accountability, that is clarity of functions, operations and responsibility of corporate bodies, allowing the management of the company to operate effectively.

• Responsibility, that is the compliance of the management

perusahaan dengan peraturan perundang-undangan yang

of the company with the existing rules and regulations

berlaku dan prinsip-prinsip perusahaan yang sehat.

and sound corporate principles.

• Kemandirian, yaitu suatu keadaan dimana perusahaan

• Independence, that is a condition in which a company is

dikelola secara profesional tanpa benturan kepentingan

managed professionally with no conlict of interests and

dan pengaruh atau tekanan dari pihak mana pun yang

inluence nor pressure from any parties that does not

tidak sesuai dengan peraturan perundang-undangan yang

comply with the existing rules and regluations and sound

berlaku dan prinsip-prinsip korporasi yang sehat.

• Kewajaran, yaitu keadilan dan kesetaraan dalam

corporate principles.

• Fairness, that is justice and equality in fulilling the right

memenuhi hak-hak para pemangku kepentingan yang

of the stakeholders that arise from the agreements made

timbul berdasarkan perjanjian dan peraturan perundang-

and the existing rules and regulations.

undangan yang berlaku.

22

• Transparency, that is openness in every decision making


Pelaksanaan GCG pada 2011

The Implementation of GCG in 2011

Sepanjang 2011, komitmen Phapros terhadap penerapan

In 2011, Phapros' high commitment toward the imlementation

prinsip-prinsip GCG antara lain ditunjukkan dengan kegiatan-

of GCG principles was among others shown through the

kegiatan berikut:

• Meningkatkan infrastruktur GCG dengan memasukkan Visi dan Misi Perusahaan serta Nilai-nilai Perusahaan yang baru.

• Menyesuaikan infrastruktur GCG dengan Peraturan Menteri BUMN Nomor Per-01/MBU/2011.

• Menyusun dan membagikan Buku Panduan GCG Karyawan PT Phapros Tbk.

• Mensosialisasikan GCG kepada seluruh karyawan, baik karyawan pimpinan maupun karyawan pelaksana.

following activities:

• Improving the GCG infrastructure by adopting the new Corporate Vision and Mission as well as Corporate Values.

• Improving the GCG infrastructure to comply with the Minister of State-Owned Enterprises No. Per-01/MBU/2011.

• Publishing and distributing the Guidance on GCG for the Employees of PT Phapros Tbk.

• Disseminating the GCG to all employees, both at the executive level and operational level.

• Membagikan formulir Pernyataan Komitmen Kepatuhan

• Distributing the forms of Statement of Adherence Commitment

pada Code of Conduct dan pemantauan pengembalian

to the Code of Conduct and monitoring the return of the forms

formulir tersebut yang telah ditandatangani karyawan.

• Melakukan pertemuan dengan Unit GCG PT RNI sebagai

which have been signed by the employees.

• Conducting meetings with the GCG Unit of PT RNI as the

perusahaan induk untuk membahas kriteria penilaian

holding company to discuss about the assessment criteria on

penerapan GCG yang digunakan Phapros.

the implementation of GCG used by Phapros.

Nilai-nilai Perusahaan

Corporate Values

Selain memperbarui Visi dan Misi Perusahaan, Phapros

In addition to renewing the Corporate Vision and Mission,

juga memperkenalkan Nilai-nilai Perusahaan yang disarikan

Phapros also introduced Corporate Values formulated from

dari nilai-nilai yang berkembang di Perseroan selama hampir

values developed within the Company for its nearly six

enam dasawarsa sejarah bisnisnya. Enam nilai yang

decades business history. The six values disseminated to the

disosialisasikan kepada seluruh karyawan tersebut dikenal

employees of all levels have been known as “SPIRIT”, which

sebagai “SPIRIT”, yang terdiri dari:

consists of:

• Strive for Excellence • Professional • Integrity • Respect to Customer • Innovative • Teamwork

• Strive for Excellence • Professional • Integrity • Respect to Customer • Innovative • Teamwork

Panduan Tatakelola Perusahaan yang Baik [GCG]

Guidance on Good Corporate Governance [GCG]

Pada 2011, Phapros mendistribusikan dan mensosialisasikan

In 2011, Phapros distributed and disseminated the Guidance

Buku Panduan GCG kepada seluruh karyawan. Panduan ini

on GCG to employees of all levels. The Guidance is the

merupakan landasan bagi Pemegang Saham, Dewan Komisaris,

foundation for Shareholders, the Board of Commissioners,

Direksi dan segenap Karyawan dalam merancang dan menjalankan

the Board of Directors and Employees at all levels in planning

aktivitas bisnis Perseroan dengan tetap memperhatikan

and running the Company's business activities while following

peraturan perundang-undangan dan nilai-nilai etika.

the rules and regulations as well as ethical values.

Struktur Tatakelola Perusahaan

Corporate Governance Structure

Sesuai Code of Corporate Govenance, struktur tatakelola

In accordance with the Code of Corporate Governance, the

perusahaan Phapros terdiri dari:

structure of Phapros' corporate governance comprises of:


23





Organ utama perusahaan:



The company's main corporate bodies:

• Rapat Umum Pemegang Saham [RUPS]

• Shareholders' General Meeting [SGM]

• Dewan Komisaris

• Board of Commissioners

• Direksi Organ pendukung perusahaan:



• Board of Directors The company's supporting corporate bodies:

• Komite Audit

• Audit Committee

• Satuan Pengawasan Intern [SPI]

• Internal Audit Unit [IAU]

• Komite Nominasi

• Nomination Committee

• Auditor Eksternal

• External Auditor

• Sekretaris Perusahaan

• Corporate Secretary

Rapat Umum Pemegang Saham [RUPS]

Shareholders' General Meeting [SGM]

RUPS adalah organ perusahaan yang memegang kekuasaan

Shareholders’ General Meeting [SGM] is the Company's

tertinggi di Perseroan dan memegang segala wewenang

corporate body bestowed with the highest authority which is

yang tidak diserahkan kepada Direksi atau Komisaris dalam

not granted to both the Board of Commissioners [BoC] and

batas yang ditentukan dalam Undang-Undang dan/atau

the Board of Directors [BoD] within the limits speciied in the

Anggaran Dasar.

regulations and/or articles of association.

Pada 2011, Perseroan melaksanakan RUPS Tahunan pada 5

In 2011, the Company held the Annual SGM on 5 May,

Mei 2011 di Gumaya Tower Hotel, Jalan Gajah Mada No.56–

in Gumaya Tower Hotel, Jalan Gajah Mada No.56–61

61 Semarang, didahului oleh pengumuman RUPS Tahunan

Semarang, preceded by an announcement on the Annual

yang dimuat di dua media massa cetak.

SGM published in two mass media.

Pengumuman RUPS Tahunan Annual Announcement Judul Pengumuman I Announcement

Media Cetak I Media

Tanggal Penerbitan I Date

Pemberitahuan RUPS Tahunan kepada Para Pemegang Saham Pemberitahuan RUPS Tahunan kepada Para Pemegang Saham

Kompas Suara Merdeka

6 April 2011 6 April 2011

RUPS Tahunan 2011 Perseroan tersebut menghasilkan

The Company's 2011 Annual SGM made such decisions as

keputusan-keputusan berikut:

follows:

• Menerima baik dan menyetujui Laporan Tahunan Direksi

• Accepted and approved the Company's Board of Directors'

Perseroan mengenai kegiatan dan tata usaha keuangan

Annual Report concerning the Company's activities and

Perseroan untuk tahun buku yang berakhir pada tanggal

inancial administration for the inancial year ended 31

31 Desember 2010. • Menerima dan mengesahkan Neraca dan Perhitungan

24

December 2010. • Approved and ratiied the Company's Balance Sheet

Laba/Rugi Perseroan untuk tahun buku yang berakhir pada

and Statement of Income for the inancial year ended 31

tanggal 31 Desember 2010 yang telah diaudit oleh Akuntan

December 2010 that have been audited by the Public

Publik HLB Hadori Sugiarto Adi & Rekan dengan pendapat

Accountant HLB Hadori Sugiarto Adi & Patners with an

“Wajar Tanpa Pengecualian” dan, dengan demikian,

"Unqualiied" or “Wajar Tanpa Pengecualian" opinion

memberikan pelunasan dan pembebasan kepada anggota

and, therefore, granted full release and discharge to

Direksi dan Komisaris Perseroan dari tanggung jawab dan

the members of the Company's Board of Directors and

segala tanggungan sepenuhnya [acquit et de charge] atas

Commissioners from their obligations and responsibilities

tindakan pengurusan dan tindakan pengawasan yang telah

fully [acquit et de charge] in respect of their management

mereka lakukan dalam tahun buku yang berakhir pada

and supervisory actions during the inancial year ended 31

tanggal 31 Desember 2010.

December 2010.


• Menyetujui penetapan pembagian laba bersih Perseroan

• Approved the cash appropriation of the Company's

tahun buku 2010 sebesar Rp61.289.175.459 untuk

net income for the inancial year 2010 amounted to

digunakan sebagai berikut:

Rp61,289,175,459 to be allocated as follows:

 Pembayaran dividen tunai sebesar Rp30.644.587.730 atau 50%;

 Donasi untuk PKBL sebesar Rp919.337.632 atau 1,5%;  Dan sisanya, sebesar Rp29.725.25.097 atau 48,5%, sebagai cadangan umum. • Memberikan wewenang kepada Dewan Komisaris

 Payment of cash dividend in the amount of Rp30,644,587,730 or 50%;

 Donation for PKBL amount to Rp919,337,632 or 1.5%;  And the rest, in the amount of Rp29,725,25,097 or 48.5%, as reserve fund. • Granted authority to the Company's Board of

Perseroan untuk menetapkan besaran remunerasi dan

Commissioners to determine the amount of remuneration

tunjangan lain bagi masing-masing anggota Direksi dan

and other beneits for all members of the Company's

Komisaris Perseroan untuk tahun buku 2011.

Board of Directors and Commissioners for the inancial

• Menyetujui penunjukan kembali Akuntan Publik HLB Hadori Sugiarto Adi & Rekan sebagai Auditor Independen

year 2011.

• Approved the re-appointment of the Public Accountant HLB

Perseroan yang akan mengaudit Laporan Keuangan

Hadori Sugiarto Adi & Partners as the Company's Independent

Perseroan untuk tahun buku yang akan berakhir pada

Auditor that would audit the Company's Financial Report for

tanggal 31 Desember 2011 dan memberikan wewenang

iscal year that would end on 31 December 2011 and granted

kepada Direksi Perseroan untuk menetapkan besaran

authority to the Company's Board of Directors to determine

honorarium untuk Auditor Independen tersebut serta

the amount of honorarium for the Independent Auditor as

persyaratan lain penunjukannya.

• Menyetujui pengangkatan Dewan Komisaris Perseroan dengan susunan sebagai berikut:  Komisaris Utama:

well as other requirements for the appointment.

• Approved the appointment of the Company's Board of Commissioners with the composition as follows:  President Commissioner:

Ir. Bambang Prijono Basoeki, M.Sc.

Ir. Bambang Prijono Basoeki, M.Sc.

 Commissioner:

Drs. Sugianto Umar Kasan, Akt.

 Commissioner:

Drs. Masrizal Achmad Syarief, Apt.

 Independent Commissioner:

 Komisaris:

 Komisaris:

 Komisaris Independen:

Prof. Dr. dr. Farid Anfasa Moeloek, SpOG[K]

• Menerima pemaparan Manajemen mengenai rencana kerja

Drs. Sugiarto Umar Kasan, Akt. Drs. Masrizal Achmad Syarief, Apt. Prof. Dr. dr. Farid Anfasa Moeloek, SpOG[K]

• Accepted the Management's proposal on the ive-year

lima tahun dan meminta agar masukan dari Pemegang

work-plan and asked that the inputs from the shareholders

Saham dijadikan sebagai bahan pertimbangan perbaikan

to be considered for the improvement of the long-term

rencana kerja jangka panjang tersebut.

work-plan.

RUPS Tahunan tersebut telah dihadiri/diwakili oleh 58.849.442

The Annual SGM was attended/represented by 58,849,442

saham atau setara dengan 70,05% dari jumlah keseluruhan

shares or equals with 70.05% of total shares issued by

saham yang telah dikeluarkan Perseroan sampai dengan rapat

the Company up to the meeting day, 5 May 2011, i.e.

tanggal 5 Mei 2011, yaitu 84.000.000 lembar saham, dengan

amounted to 84,000,000 shares, in regard with the List of

memperhatikan Daftar Pemegang Saham Perseroan per

the Company's Shareholders as of 20 April 2011 up to 16.00

tanggal 20 April 2011 sampai dengan pukul 16.00 WIB.

Western Indonesian Time [Waktu Indonesia Barat, WIB].

Dengan demikian, berdasarkan ketentuan pasal 25 ayat 1

Therefore, pursuant to the provision of article 25 paragraph

[a] Anggaran Dasar Perseroan, Rapat tersebut adalah sah

1 [a] of the Company's Articles of Association, the Meeting

mengenai segala hal yang dibicarakan dalam Rapat yang

is valid on all matters discussed in the Meeting that is in

sesuai dengan agenda rapat. Pengumuman hasil RUPS

accordance with the meeting agenda. The announcement

Tahunan tersebut telah disampaikan ke Bapepam-LK dan

of the results of the Annual SGM was submitted to the

diumumkan di dua media massa cetak, yaitu Kompas dan

Bapepam-LK and put on print in two mass media, i.e.

Suara Merdeka.

Kompas and Suara Merdeka.


25

Dewan Komisaris

Board of Commissioners

Dewan Komisaris berfungsi melakukan pengawasan secara

The Board of Commissioners [BoC] is in charge of supervising

umum dan/atau khusus sesuai dengan Anggaran Dasar

in general and/or special in accordance with the Articles

serta memberi nasihat kepada Direksi. Dewan Komisaris

of Association as well as giving advices to the Board of

memiliki tugas iduciary untuk bertindak demi kepentingan

Directors [BoD]. The BoC have a iduciary duty to act in the

terbaik perusahaan dan menghindari semua bentuk benturan

best interests of the company and avoid all forms of conlict

kepentingan pribadi.

of personal interests.

Tugas Dewan Komisaris antara lain:

The Board of Commissioners' duties among others are:

• Melakukan pengawasan terhadap Direksi dalam menjalankan kegiatan perusahaan dan memberikan nasihat kepada Direksi.

• Melakukan pengawasan terhadap pelaksanaan Rencana Jangka Panjang Perusahaan [RJPP] dan Rencana Kerja dan Anggaran Perusahaan [RKAP].

• Melakukan pengkajian Sistem Manajemen Risiko. • Memantau efektivitas penerapan Good Corporate Governance [GCG].

• Mengusulkan auditor eksternal untuk disahkan dalam RUPS dan memantau pelaksanaan penugasan auditor eksternal.

• Menyusun pembagian tugas masing-masing anggota Dewan Komisaris sesuai dengan keahlian dan pengalaman. Kewajiban Dewan Komisaris antara lain:

• Melakukan pengawasan terhadap pengurusan perusahaan,

activities of the company and provide advices to the BoD.

• To conduct supervision on the implementation of the

Long-term Corporate Planning [RJPP] and the Company's Work Plan and Budget [RKAP].

• To make reviews on the Risk Management System. • To monitor the effectiveness of the implementation of Good Corporate Governance [GCG].

• To propose the external auditor for approval in the SGM and monitor the audit process and results made by the external auditor.

• Determine the duties of each member of the BoC in accordance with his/her expertise and experience. The Board of Commissioners' responsibilities among others are:

• To conduct supervision over the management of the

termasuk pengawasan atas pelaksanaan RKAP dan

company, including supervision on the implementation of

atas usulan perubahan dan perbaikan Anggaran Dasar

the RKAP and on the proposed change and improvement

Perusahaan, serta melakukan penilaian kinerja Direksi.

of the Company's Articles of Association, as well as to

• Mengikuti perkembangan kegiatan perusahaan dan

segera melaporkan kepada RUPS disertai dengan saran

make assessment on the BoD' performance.

• To monitor the development of the company's activities and

langkah perbaikan dalam hal perusahaan menunjukkan

immediately report to SGM along with advices on corrective

gejala kemunduran.

measures when the company shows signs of decline.

• Meneliti dan menelaah laporan berkala dan laporan tahunan

• To examine and review periodic reports and annual report

yang disiapkan oleh Direksi serta menandatangani laporan

prepared by the Board of Directors and to sign the annual

tahunan.

• Memastikan bahwa perusahan telah memenuhi segala ketentuan dan peraturan yang berlaku.

• Membuat laporan tentang tugas pengawasan yang telah dilakukan selama tahun buku yang baru lampau kepada RUPS.

report.

• To ensure that the company has met the existing provisions and regulations.

• To make a report on the supervisory duties conducted throughout the preceding inancial year to the SGM.

Komposisi Dewan Komisaris

Composition of the Board of Commissioners

Sampai dengan 31 Desember 2011, susunan Dewan

Through 31 December 2011, the composition of Phapros'

Komisaris Phapros adalah sebagai berikut:

Board of Commissioners was as follows:

• Komisaris Utama:

• President Commissioner:

Ir. Bambang Prijono Basoeki, M.Sc. • Komisaris: Drs. Sugianto Umar Kasan, Akt. • Komisaris: Drs. Masrizal Achmad Syarief, Apt. • Komisaris Independen: Prof. Dr. dr. Farid Anfasa Moeloek, SpOG[K]

26

• To conduct supervision on the BoD in performing the


Ir. Bambang Prijono Basoeki, M.Sc. • Commissioner: Drs. Sugianto Umar Kasan, Akt. • Commissioner: Drs. Masrizal Achmad Syarief, Apt. • Independent Commissioner: Prof. Dr. dr. Farid Anfasa Moeloek, SpOG[K]

Komisaris Independen

Independent Commissioner

Dari empat anggota Dewan Komisaris Phapros, 25% atau

Among the four member of Phapros' Board of Commissioners,

satu anggota adalah Komisaris Independen.

25% or one member is an Independent Commissioners.

Direksi

Board of Directors

Direksi menjalankan kepengurusan perusahaan untuk

The Board of Directors runs the company's management activities

kepentingan perusahaan, sesuai dengan maksud dan tujuan

for the interest of the company, in accordance with the goals and

perusahaan, serta mewakili perusahaan, baik di dalam maupun

objectives of the company, and also represents the company, both

di luar pengadilan sesuai dengan ketentuan Anggaran Dasar.

inside and outside the court pursuant to the Articles of Association.

Anggota Direksi memiliki tugas dan tanggung jawab masing-

Each member of the Board of Directors has separate duties

masing sesuai pembagian tugas dan tanggung jawab yang

and responsibilities set forth by the Board of Commissioners

ditetapkan Dewan Komisaris dan sesuai dengan Anggaran Dasar.

and in accordance with the Articles of Association.

Kewajiban Direksi antara lain:

The Board of Directors' responsibilities among others are:

• Mengupayakan dan menjamin terlaksananya usaha dan kegiatan perusahaan sesuai maksud dan tujuan perusahaan.

• Menyusun rencana pengembangan perusahaan, rencana kerja dan anggaran tahunan, serta rencana lain yang terkait pelaksanaan usaha dan kegiatan perusahaan.

• To oversee and ensure the business and activities of the company in accordance with its goals and objectives.

• To draft corporate development plan, annual work and budget plan, and other plans related to company's business and activities.

• Menyusun RJPP yang merupakan rencana strategis

• To draft the RJPP which is the company's strategic plan

perusahaan yang memuat sasaran dan tujuan dalam

that includes the company's goals and objectives for the

jangka waktu lima tahun ke depan.

next ive years.

• Menyusun Laporan Keuangan sesuai dengan standar akuntansi, berdasarkan prinsip-prinsip pengendalian internal.

• Memberikan pertanggungjawaban dan segala keterangan tentang keadaan dan jalannya perusahaan kepada RUPS dalam bentuk Laporan Tahunan.

• Membuat susunan organisasi perusahaan, lengkap

• To make Financial Reports in accordance with Accounting standard and based on the internal control principles.

• To be accountable and to provide all information about the condition and the course of the company to the SGM in form of Annual Report.

• To make organization structure of the company, complete

dengan perincian tugas, tanggung jawab dan wewenang

with details of duties, responsibilities and authority of the

manajemen pada setiap tingkatan.

management at all levels.

• Menetapkan ukuran keberhasilan [indikator kinerja] yang

• To set clear, balanced parameters of success [performance

jelas dan berimbang, baik dari aspek keuangan maupun

indicators], both from the inancial and non-inancial aspects,

non-keuangan, untuk mengobservasi pencapaian Visi,

to observe the attainment of the company's corporate

Misi dan Tujuan Perusahaan.

• Menyusun dan melaksanakan Sistem Manajemen Risiko. • Menindaklanjuti temuan audit dari Satuan Pengawasan Intern, Komite Audit dan Auditor Eksternal.

vision, mission and objectives.

• To develop and implement Risk Management System. • To follow-up inding by the Internal Audit Unit, the Audit Committee and the External Auditor.

• Melaporkan informasi yang relevan kepada Dewan Komisaris.

• To report relevant information to the Board of Commissioners.

Komposisi Direksi

Composition of the Board of Directors

Sampai dengan 31 Desember 2011, susunan Direksi

Through 31 December 2011, the composition of Phapros'

Phapros adalah:

Board of Directors was as follows:

• Direktur Utama:

• President Director:

Drs. Erlangga Tri Putranto, Akt. • Direktur Keuangan: Sutiyono, S.E. • Direktur Marketing: Herman Santoso, S.E., M.M. • Direktur Produksi: Drs. Iswanto, M.M., Apt.

Drs. Erlangga Tri Putranto, Akt. • Finance Director: Sutiyono, S.E. • Marketing Director: Herman Santoso, S.E., M.M. • Production Director: Drs. Iswanto, M.M., Apt.


27

Rapat Dewan Komisaris dan Rapat Direksi

The Board of Commissioners and Directors' Meeting

Rapat Dewan Komisaris dan Rapat Direksi diselenggarakan

The Board of Commissioners' Meeting is conducted

secara terpisah. Rapat dilaksanakan secara berkala

separately from the Board of Directors' Meeting. The

untuk melakukan perencanaan, pemantauan dan evaluasi

meetings are held regularly to make the planning, monitoring

pelaksanaan tugas dan tanggung jawabnya.

and evaluation of the execution of duties and responsibilities.

Rapat Dewan Komisaris dan Rapat Direksi diselenggarakan

The Board of Commissioners' Meeting and the Board of

minimal satu kali setiap bulan, atau setiap waktu bilamana

Directors' Meeting are at least held once a month, or every time

dianggap perlu. Selain itu, diadakan pula Rapat Gabungan

whenever it's deemed necessary. In addition, there are also Joint

Dewan Komisaris dan Direksi sebagai wadah untuk

Meetings between the Board of Commissioners and Directors as

melakukan koordinasi dan pembahasan hal-hal yang bersifat

the means to make coordination and discussion on matters that

lebih strategis serta evaluasi kinerja Direksi oleh Dewan

are more strategic as well as to make evaluation on the Board of

Komisaris. Risalah rapat harus memuat semua pendapat,

Directors' performance by the Board of Commissioners. The

baik yang mendukung maupun yang tidak mendukung

meeting minutes shall record all opinions, both those support

[dissenting opinion], apa yang diputuskan dalam rapat.

and oppose [dissenting opinion], the decision made.

Kehadiran dalam Rapat Formal Komisaris dan Direksi pada 2011 Attendance at Formal BoC and BoD & BoC Meetings in 2011 Dewan Komisaris Board of Commissioners

Peserta Rapat Meeting Attendant Dewan Komisaris | Board of Commissioners Ir. Bambang Prijono Basoeki, M.Sc. Drs. Sugianto Umar Kasan, Akt. Drs. Masrizal Achmad Syarief, Apt. Prof. Dr. dr. Farid Anfasa Moeloek, SpOG[K].

Direksi Board of Directors

Dewan Komisaris & Direksi BoC & BoD

2 2 2 2

Direksi | Board of Directors Drs. Erlangga Tri Putranto, Akt. Sutiyono, S.E. Herman Santoso, S.E., M.M. Drs. Iswanto, M.M. Apt.

7 7 7 7

22 22 21 21

7 7 7 7

Remunerasi Dewan Komisaris dan Direksi

Remuneration of the Board of Commissioners and Directors

Dewan Komisaris dan Direksi berhak atas remunerasi atas jasa

The Board of Commissioners and Directors are entitled to

mereka kepada Perseroan. Jumlah remunerasi yang diterima

remuneration for their contributions to the Company. The amount

oleh Dewan Komisaris dan Direksi ditentukan oleh Dewan

of remuneration received by the BoC and BoD was determined by

Komisaris, sesuai wewenang yang diberikan dalam RUPS.

the BoC, in accordance with the authority granted by the SGM.

Remunerasi Dewan Komisaris dan Direksi pada 2011 dan 2010 Remuneration of the Board of Commissioners and Directors in 2011 and 2010

28

2011

2010

Keterangan | Remarks

Rp4.394.680.000

Rp3.661.822.000

Terdiri dari gaji, tunjangan dan transportasi. Selain itu, Dewan Komisaris dan Direksi juga menerima tantiem yang jumlahnya ditetapkan oleh RUPS.

Pada 2011, Dewan Komisaris dan Direksi secara aktif

In 2011, the Board of Commissioners and Directors actively

mengikuti berbagai program seminar dan pelatihan:

participate in various seminar and training programs:

• Memimpin Perubahan dan Membangun Budaya Perusahaan.

• Memimpin Perubahan dan Membangun Budaya Perusahaan.

• Smart Interpersonal.

• Smart Interpersonal.


• New Vision, New Commitment and New Action.

• New Vision, New Commitment and New Action.

• Seminar Nasional Kinerja Ekselen.

• Seminar Nasional Kinerja Ekselen.

• Enrich Leadership Program.

• Enrich Leadership Program.

Komite Audit

Audit Committee

Komite Audit berperan membantu pelaksanaan tugas dan

The Audit Committee has the role of assisting the Board

fungsi pengawasan Dewan Komisaris atas perlaksanaan

of Commissioners in conducting its supervisory duties and

usaha dan kegiatan perusahaan.

functions on the company's business and activities.

Tugas dan tanggung jawab Komite Audit adalah:

The Audit Committee's duties and responsibilities are:

• Melakukan kajian atas fungsi pengendalian terhadap struktur dan proses usaha perusahaan.

• Menangani manajemen risiko, pengendalian internal, dan proses tatakelola perusahaan.

• Mengkaji independensi dan obyektivitas; merekomendasikan

• To make assessment on the control functions toward the company's business structure and process.

• To conduct risk management, internal control, and governance process.

• To assess independence and objectiveness; to

auditor eksternal yang akan dipilih oleh perusahaan untuk

recommend external auditor which will be selected by

mengaudit laporan keuangan dan kinerja perusahaan.

the company to audit the company's inancial report and

pemeriksaan oleh fungsi audit, baik eksternal maupun

• To evaluate reviews on the adequacy of auditing scope by

• Mengevaluasi penelaahan atas kecukupan cakupan

internal, guna memastikan bahwa risiko yang penting telah dipertimbangkan.

• Menjadi mediator dalam hal terjadi perbedaan pendapat antara auditor eksternal dan manajemen.

performance.

audit functions, both external and internal, to ensure that all critical risks have been taken into consideration.

• To be a mediator in the case of differences of opinion between the external auditor and the management.

Susunan keanggotaan Komite Audit Perseroan sampai pada

The composition of the Company's Audit Committee through

akhir 2011 adalah sebagai berikut:

the end of 2011 are as follows:

• Ketua:

• Chairman:

Prof. Dr. dr. Farid Anfasa Moeloek, SpOG[K] • Anggota:

Prof. Dr. dr. Farid Anfasa Moeloek, SpOG[K] • Members:

Drs. Daljono, M.Si., Akt.

Drs. Daljono, M.Si., Akt.

Drs. Dwi Atmodjo Wismono Prapto, M.Kom.

Drs. Dwi Atmodjo Wismono Prapto, M.Kom.

Komite Audit diketuai oleh Komisaris Independen dengan

The Audit Committee is chaired by the Independent

dua orang profesional independen, yaitu yang berasal dari

Commissioner with two professionals from outside the

luar Perseroan, sebagai anggota. Selama 2011, Komite Audit

Company [independent] as its members. During 2011, the

Perseroan menyelenggarakan Rapat Komite Audit sebanyak

Company's Audit Committee conducted 18 Audit Committee

18 kali yang keseluruhannya dihadiri secara lengkap oleh

Meetings of which all were attended by the Chairman and

Ketua dan Anggota Komite Audit.

Members of the Audit Committee.

Dalam Rapat Komite Audit dibahas antara lain laporan

The Audit Committee meetings among others discussed the

keuangan, sistem pengendalian internal, manajemen risiko,

inancial reports, internal control system, risk management,

kepatuhan terhadap hukum dan peraturan, penerapan

compliance to the Rules and regulations, implementation of

prinsip-prinsip Good Corporate Governance [GCG].

Good Corporate Governance principles.

Komite Audit Phapros 2011 Phapros' Audit Committee 2011 Nama I Name

Jumlah Rapat I Number of Meetings

Kehadiran I Attendance

Prof. Dr. dr. Farid Anfasa Moeloek, SpOG[K] Drs. Daljono, M.Si., Akt. Drs. Dwi Atmodjo Wismono Prapto, M.Kom.

18 18 18

18 18 18


29

Drs. Daljono, M.Si., Akt. Anggota Komite Audit Lahir di Sleman, 15 September 1964 Warga Negara Indonesia Beliau terpilih jadi anggota Komite Audit Phapros pada 1 November 2010. Meraih gelar Sarjana Ekonomi [1991] dan Magister Sains [2000], keduanya di bidang Akuntansi dari Universitas Gadjah Mada, Yogyakarta, beliau meniti karir sebagai dosen di Fakultas Ekonomi Universitas Diponegoro, Semarang, sejak 1992. Beliau telah menghasilkan dua buku di bidang akuntansi.

Drs. Daljono, M.Si., Akt. Member of the Audit Committee Born in Sleman, 15 September 1964 Indonesian Citizen He was appointed as member of Phapros’ Audit Committee on 1 November 2010. Obtained a irst degree [1991] and a Magister Sains degree [2000], both in Accounting from Gadjah Mada University, Yogyakarta, he has been a lecturer at Faculty of Economics, Diponegoro University, Semarang, since 1992. He has been authoring two books in accounting.

Drs. Dwi Atmodjo Wismono Prapto, M.Kom. Anggota Komite Audit Lahir di Surabaya, 17 November 1965 Warga Negara Indonesia Beliau terpilih jadi anggota Komite Audit Phapros pada 1 November 2010. Meraih gelar sarjana pendidikan di bidang isika dari Universitas Negeri Malang [1991] dan Magister di bidang Teknik Informatika dari Sekolah Tinggi Teknologi Informasi Benarif Indonesia, Jakarta [2003], beliau banyak mendapat pendidikan dan pelatihan non-formal di bidang teknologi informasi. Selain menjadi dosen di ABF II Perbanas, beliau juga mengajar di beberapa perguruan tinggi lain dan menjadi public speaker, executive trainer dan fasilitator di berbagai seminar dan pelatihan.

Drs. Dwi Atmodjo Wismono Prapto, M.Kom. Member of the Audit Committee Born in Surabaya, 17 November 1965 Indonesian Citizen He was appointed as member of Phapros’ Audit Committee on 1 November 2010. Earned a irst degree in education specializing in physics from State University of Malang [1991] and a Magister degree in Information Technology from Benarif Indonesia School of Information Technology, Jakarta [2003], he got various non-formal training and education on information technology. In addition to be a lecturer at ABF II Perbanas, he also teaches information technology subjects in some other universities and a public speaker, executive trainer and facilitator for various seminars and trainings.

Satuan Pengawasan Intern [SPI]

Internal Audit Unit [IAU]

Satuan Pengawasan Intern [SPI] adalah unit yang bertugas

Internal Audit Unit [IAU] is the unit with duties and functions

dan berfungsi untuk melakukan kegiatan pemberian keyakinan

to perform activities that give conidence [assurance] and

[assurance] dan konsultasi yang bersifat independen dan

independent, objective consultancy in order to enhance the

obyektif, guna meningkatkan nilai dan memperbaiki operasional

company's value and improve the company's operation,

perusahaan melalui pendekatan yang sistematis, dengan

through a systematic approach, by evaluating and improving

cara mengevaluasi dan meningkatkan efektivitas manajemen

the effectiveness of risk management, control, and corporate

risiko, pengendalian, dan proses tatakelola perusahaan.

governance process.

Tugas dan tanggung jawab SPI antara lain:

The IAU's duties and responsibilities among others are:

• Menyusun dan melaksanakan program kerja pemeriksaan tahunan.

• Menguji dan mengevaluasi pelaksanaan pengendalian intern dan sistem manajemen risiko sesuai dengan kebijakan perusahaan.

• Melakukan pemeriksaan dan penilaian atas eisiensi dan efektivitas di bidang keuangan, akuntansi, operasional, sumberdaya manusia, pemasaran, teknologi informasi dan

control and risk management system in accordance with the company's policies.

• To conduct inspection and assessment on eficiency and effectiveness of such sectors as inance, accounting, operation, human resources, marketing, information technology and other activities.

kegiatan lainnya.

• To provide improvement advices and objective information

kegiatan yang diperiksa pada semua tingkat manajemen.

• To make reports on the audit results and submit the reports

tersebut kepada Direktur Utama.

• To monitor, analyze and report implementation of the

• Memberikan saran perbaikan dan informasi obyektif tentang • Membuat laporan hasil audit dan menyampaikan laporan • Memantau, menganalisis dan melaporkan pelaksanaan

30

• To develop and implement annual audit work plan. • To assess and evaluate the implementation of internal


about the activities assessed at all levels of management. to the President Director.

tindak-lanjut perbaikan yang disarankan.

• Bekerjasama dengan Komite Audit. • Melakukan pemeriksaan khusus apabila diperlukan. • Menyusun strategi, kebijakan, serta perencanaan pengawasan secara profesional dan terpadu.

• Melakukan pemantauan terhadap penerapan prinsipprinsip Good Corporate Governance [GCG].

follow-up on the advice on improvements.

• To work together with the Audit Committee. • To conduct special audit whenever needed. • To make strategies, policies, as well as integrated audit planning professionally.

• To monitor the implementation of Good Corporate Governance [GCG] principles.

SPI bertanggung jawab secara langsung kepada Direktur

The IAU reports directly to the President Director, and acts

Utama, serta bertindak sebagai mitra kerja Komite Audit dalam

as the partner of the Audit Committee in performing the

menjalankan fungsi pengawasan, pemantauan serta tindak-

functions of auditing, monitoring as well as following-up audit

lanjut atas temuan audit dan perkembangan proses audit.

indings and the development of audit process.

Sepanjang 2011, SPI Phapros menyelesaikan 35 Laporan Hasil

Throughout 2011, Phapros' IAU completed 35 Audit Result

Pemeriksaan [LHP], atau 106% dari Program Kerja Pemeriksaan

Reports [ARR], or 106% of the 2011 Annual Audit Work Plan

Tahunan 2011 yang ditetapkan sebanyak 33 LHP. Realisasi

Program which were 33 ARR. The Audit Results Reports

Laporan Hasil Pemeriksaan itu meliputi Pemeriksaan Rutin

completed comprised of 33 Regular Audits and two Special

sebanyak 33 buah dan Pemeriksaan Khusus sebanyak dua buah.

Audits.

Piagam Audit Internal

Internal Audit Charter

Piagam Audit Internal merupakan dokumen tertulis yang

The Internal Audit Charter is a written document that

memuat tujuan, kewenangan dan tanggung jawab Satuan

contains objectives, authority, and responsibilities of the

Pengawasan Intern, serta menggambarkan hubungan

Internal Audit Unit, and describes the relationship of the Audit

Satuan Pengawasan Intern dengan Direksi, Komite Audit,

Internal Unit with the Board of Directors, Audit Committee,

Auditan dan Auditor Eksternal.

Auditees and External Auditor.

Kedudukan, struktur dan ruang lingkup tugas SPI menurut

The IAU's position, structure and scope of duties according

Piagam Audit Internal adalah:

to the Internal Audit Charter are as follows:

• Satuan Pengawasan Intern berada langsung di bawah

• The Internal Audit Unit is directly under the President

Direktur Utama, dalam arti Kepala SPI bertanggung jawab

Director in a way that the Head of IAU is responsible to

kepada Direktur Utama, karena Satuan Pengawasan

the President Director for the Internal Audit Unit is the

Intern merupakan perpanjangan tangan Direksi dalam hal

extension of the BoD's hand in term of the control on the

pengawasan terhadap pelaksanaan kegiatan perusahaan.

• Satuan Pengawasan Intern dipimpin oleh seorang Kepala

Satuan Pengawasan Intern yang diangkat dan diberhentikan oleh Direktur Utama atas persetujuan Dewan Komisaris.

• Direktur Utama dapat memberhentikan Kepala Satuan

company's operation activities.

• The Internal Audit Unit is chaired by the Head of Internal Audit Unit who is appointed and terminated by the President Director upon the approval of the Board of Commissioners.

• The President Director may terminate the Head of

Pengawasan Intern setelah mendapat persetujuan Dewan

Internal Audit Unit with the approval of the Board of

Komisaris, jika Kepala Satuan Pengawasan Intern tidak

Commissioners, when the Head of Internal Audit Unit no

memenuhi persyaratan sebagai Auditor Satuan Pengawasan

longer meets the requirements of the Auditor of Internal

Intern sebagaimana diatur dalam Piagam Audit Internal ini

Audit Unit as regulated in the Internal Audit Charter and/or

dan/atau gagal atau tidak cakap menjalankan tugas.

• Auditor Satuan Pengawasan Intern bertanggungjawab secara langsung kepada Kepala Satuan Pengawasan Intern.

• Ruang lingkup tugas SPI adalah menyusun dan

fails or not capable of doing the job.

• The Auditor of the Audit Internal Unit is responsible directly to the Head of Audit Internal Unit.

• The scope of IAU's duties are to make and follow the

melaksanakan rencana pemeriksaan tahunan dengan

annual audit plan by conducting assessments on:

melakukan penilaian terhadap:

 The fairness and accuracy of inancial reports.

 Eisiensi dan efektivitas penggunaan sumberdaya.

 The eficiency and effectiveness of the use of resources.  The adequacy and effectiveness of the structure and

 Kewajaran dan keakuratan pertanggungjawaban keuangan.  Kecukupan dan efektivitas struktur dan sistem

system of internal control.


31

pengendalian internal.

 Efektivitas Sistem Manajemen Risiko.

 Peningkatan kualitas penerapan GCG.

 The improvement the quality of GCG implementation.

Komite Nominasi

Nomination Committee

Komite Nominasi dibentuk untuk membantu Dewan

The Nomination Committee is established to assist the Board

Komisaris dalam melakukan pemantauan terhadap kebijakan

of Commissioners in monitoring the Company's policy on

nominasi Perseroan dalam mengisi jabatan eksekutif dan

nomination for executive positions and their remuneration,

remunerasinya, termasuk remunerasi Direksi dan Dewan

including remuneration for the Board of Directors and

Komisaris. Selama 2011, Perseroan telah melakukan

Commissioners. In 2011, the Company made the draft of and

penyusunan serta inalisasi sistem nominasi yang mencakup

inalized the nomination system that included system and

sistem dan prosedur pemilihan dan/atau penggantian

procedures of selection and/or replacement of the member[s]

anggota Dewan Komisaris dan Direksi serta pejabat eksekutif

of the Board of Commissioners and Directors as well as other

lainnya.

executive oficers.

Susunan keanggotaan Komite Nominasi Phapros per akhir

As of the end of 2011, the composition of Phapros'

2011 adalah sebagai berikut:

Nomination Committee was as follows:

• Ketua:

• Chairman:

Prof. Dr. dr. Farid Anfasa Moeloek, SpOG[K] • Anggota: Drs. Sugianto Umar Kasan, Akt.

32

 The effectiveness of Risk Management System.

Prof. Dr. dr. Farid Anfasa Moeloek, SpOG[K] • Member: Drs. Sugianto Umar Kasan, Akt.

Auditor Eksternal

External Auditor

Auditor Eksternal adalah lembaga independen yang ditunjuk

The External Auditor is an independent institution appointed

oleh RUPS untuk melaksanakan fungsi audit terhadap

by the SGM to carry out audit functions on all the accounting

semua catatan akuntansi dan data pendukungnya serta

records and its supporting data, and also give opinion

memberikan pendapat tentang kewajaran, ketaatan pada

regarding fairness, adherence and compliance of the

azas, dan kesesuaian Laporan Keuangan perusahaan

Company's Financial Report to the Indonesian Financial

dengan Standar Akuntansi Keuangan Indonesia.

Accounting Standard.

Sesuai Rapat Umum Pemegang Saham Tahunan Phapros pada

In accordance with the Phapros' Annual Shareholders'

5 Mei 2011, Perseroan telah menunjuk Auditor Eksternal dan

General Meeting on 5 May 2011, the Company appointed

menyetujui HLB Hadori Sugiarto Adi & Rekan yang merupakan

the External Auditor and agreed that HLB Hadori Sugiarto

Kantor Akuntan Publik [KAP] yang terdaftar di Bapepam-

Adi & Partners which is a Public Accounting Firm [Kantor

LK untuk melakukan Audit Laporan Keuangan untuk Tahun

Akuntan Publik, KAP] registered in the Bapepam-LK to audit

Buku 2011. Total biaya yang dikeluarkan untuk audit Laporan

the Financial Report for the Financial Year 2011. The total

Keuangan Tahun Buku 2011 adalah sebesar Rp170 juta.

expenses for the audit was Rp170 million.

KAP tersebut telah menyelesaikan tugasnya secara

The Public Accounting Firm has completed its audit

independen sesuai standar profesional Akuntan Publik,

independently in accordance with the professional standard

perjanjian kerja serta ruang lingkup audit yang telah

of Public Accountant, work agreement as well as the scope

ditetapkan.

of audit agreed upon.


Sekretaris Perusahaan

Corporate Secretary

Sekretaris Perusahaan berfungsi sebagai pejabat penghubung

Corporate Secretary serves as a Liaison Oficer between a

[liaison oficer] antara perusahaan dengan pihak-pihak yang

company and interested parties [stakeholders] in providing

berkepentingan [stakeholders] dalam memberikan informasi

information related to the company and ensuring the

yang berhubungan dengan perusahaan serta memastikan

company’s compliance towards the existing rules and

kepatuhan perusahaan terhadap ketentuan dan peraturan

regulations in force [compliance oficer]. The provisions

perundang-undangan yang berlaku [compliance oficer].

concerning the establishment of the Corporate Secretary

Ketentuan mengenai pembentukan Sekretaris Perusahaan

refer to the Regulation Number IX.I.4, Annex to the Bapepam

mengacu pada Peraturan Nomor IX.I.4, Lampiran Peraturan

Regulation Number Kep- 63/PM/1996 dated 17 January

Bapepam Nomor Kep- 63/PM/1996 tanggal 17 Januari 1996,

1996, about the Establishment of the Corporate Secretary.

tentang Pembentukan Sekretaris Perusahaan. Pada 2011, posisi

In 2011, the Company's Corporate Secretary is Emmi

Sekretaris Perusahaan dijabat oleh Emmi Mintarsih, S.E., Akt.

Mintarsih, S.E., Akt.

Emmi Mintarsih, S.E., Akt. Sekretaris Perusahaan Lahir di Purwokerto, 26 Maret 1970 Warga Negara Indonesia Beliau terpilih jadi Sekretaris Perusahaan Phapros pada 1 Juni 2010. Meraih gelar Sarjana Ekonomi bidang Akuntansi dari Universitas Diponegoro, Semarang, pada 1994, beliau memulai karir di Perseroan sebagai Staf Akuntansi pada 1996. Setelah itu, karir beliau di bidang keuangan dan akuntansi terus meningkat sampai menduduki jabatan Manajer Akuntansi [2005–2008]. Sebelum ditunjuk sebagai Sekretaris Perusahaan, beliau memegang jabatan Manajer Keuangan & Penanggung Jawab CSR [2008–2010].

Emmi Mintarsih, S.E., Akt. Corporate Secretary Born in Purwokerto, 26 March 1970 Indonesian Citizen She was appointed as Phapros’ Corporate Secretary in 1 June 2010. Earned a irst degree in Accounting from Diponegoro University, Semarang, in 1994, she started her professional career at the Company as Accounting Staff in 1996. Since then, her career in inance and accounting has been blossoming to hold a position of Accounting Manager [2005– 2008]. Before appointed as the Corporate Secretary, she was the Company’s Finance Manager & Head of CSR Program [2008–2010].

Fungsi Sekretaris Perusahaan mencakup tugas-tugas

The Corporate Secretary functions include secretarial duties

kesekretariatan perusahaan, hubungan investor dan

of the company, investor and public relations, legal and

masyarakat, legal dan penegakan kepatuhan terhadap

enforcement of compliance to regulations, both related to the

regulasi, baik menyangkut keindustrian dimana perusahaan

industry in which the company belongs to and to the capital

bergerak maupun pasar modal, serta ketentuan Tatakelola

market, as well as to the provisions of Good Corporate

Perusahaan yang Baik.

Governance [GCG].

Tugas dan tanggung jawab Sekretaris Perusahaan antara

The Corporate Secretary's duties and responsibilities among

lain:

others are:

• Memberikan informasi yang tepat dan sesuai mengenai

• To provide accurate, appropriate information regarding

kondisi perusahaan kepada stakeholders. • Menjaga dan membina hubungan baik dengan stakeholders, secara langsung maupun melalui media komunikasi tertentu. • Mengkoordinasi kepatuhan perusahaan terhadap ketentuan dan peraturan perundangan yang berlaku, termasuk pelaporannya. • Mengikuti perkembangan Pasar Modal, khususnya terkait peraturan-peraturan yang berlaku di bidang Pasar Modal. • Sebagai penghubung atau contact person antara Perusahaan Publik dengan Badan Pengawas Pasar Modal dan Lembaga Keuangan [Bapepam LK] serta masyarakat. • Mempersiapkan data dan bahan lain yang diperlukan

condition of the company to the stakeholders. • To maintain and nurture good relationship with the stakeholders, both directly and through certain media of communication. • To coordinate efforts to ensure the company's adherence to the existing rules and regulations, including those concerning the reporting. • To follow the development in the Capital Market, especially concerning the regulations applicable in the Capital Market. • As a liaison or contact person between the Public Company and the Capital Market and Financial Institution Supervisory Agency [Bapepam LK] as well as the public. • To prepare data and other materials needed concerning


33

terkait hal-hal yang harus mendapatkan keputusan Direksi berkenaan dengan pengelolaan perusahaan. • Mengelola rapat Direksi dan rapat gabungan Direksi dan Komisaris, termasuk menyiapkan dan mendokumentasikan agenda dan risalah rapat. • Menindaklanjuti setiap keputusan Direksi dengan mencatat

matters that should get the Board of Directors' decision in regard with the management of the company. • To manage the BoD meetings and the BoD and BoC joint meetings, including preparing and documenting the meeting agendas and minutes. • To follow-up any decision of the BoD by making note

setiap keputusan yang dihasilkan dalam rapat Direksi dan

on every decision made in the BoD meetings as well as

memantau serta mengecek tindak-lanjut hasil rapat.

monitoring and checking the follow-up of the meeting results.

• Mengelola Daftar Pemegang Saham dan Daftar Khusus.

• To manage the List of Shareholders and the Special List.

• Mengkoordinasi penyiapan dan pendistribusian laporan

• To coordinate the preparation and distribution of reports to

kepada Pemegang Saham. • Memberi masukan kepada Direksi mengenai hal-hal yang menjadi perhatian Pemegang Saham.

the Shareholders . • To provide inputs to the Board of Directors about matters of concerns to the Shareholders.

• Bertanggung jawab dalam penyelenggaraan RUPS.

• In charge in the organizing of SGM.

• Melaporkan pelaksanaan tugas dan tanggung jawabnya

• To report the activities and results regarding his/her duties

secara berkala kepada Direktur Utama.

and responsibilities periodically to the President Director.

Selama 2011, kegiatan yang dilaksanakan oleh Sekretaris

During 2011, the activities carried out by the Company's

Perusahaan Perseroan antara lain:

Corporate Secretary among others are:

• Mengkoordinasi penyelenggaraan RUPS Tahunan sebanyak

• Coordinated the Annual Shareholders' General Meeting

satu kali, sesuai peraturan dan perundangan yang berlaku. • Menyampaikan Laporan Keuangan Berkala dan Laporan

one time, in accordance with the rules and regulations. • Submitted the Periodic Financial Reports and Annual

Tahunan kepada Bapepam-LK serta menyediakan

Report to the Bapepam-LK and provided the information

informasi tersebut kepada publik.

to the public.

• Melakukan korespondensi dengan Bapepam-LK 14 kali [untuk penyampaian berbagai Laporan Keuangan].

• Made correspondence with the Bapepam-LK 14 times [tos ubmit various Financial Reports].

• Menangani konferensi pers, pertemuan dan peliputan media.

• Handled press conferences, media meetings and coverings.

• Menyampaikan informasi bagi Pemegang Saham

• Provided information to the Shareholders and public

dan masyarakat terkait perkembangan yang terjadi di

regarding the development taking place in the Company

Perseroan melalui pelaporan dan pemberian informasi

through reporting and dissemination of information to the

kepada publik.

public.

Keterbukaan Informasi

Information Disclosure

Sesuai prinsip transparansi dan pemenuhan tanggung jawab

In accordance with the principles of transparency and

atas kepatuhan terhadap peraturan perundangan yang

fulillment of responsibility for compliance to the rules and

berlaku di bursa efek dan pasar modal tentang keterbukaan

regulations in the capital market concerning information

informasi, Phapros senantiasa menyampaikan informasi

disclosure, Phapros regularly provides the most current

terkini terkait setiap perkembangan yang terjadi di Perseroan

information regarding every development taking place in the

kepada Pemegang Saham dan otoritas pasar modal melalui

Company, are conveyed to the Shareholders and the capital

berbagai jalur komunikasi guna memastikan komunikasi yang

market authority through various communication channels to

efektif.

ensure effective communication.

Selain pelaporan langsung kepada otoritas pasar modal

In addition to, the direct reports to the capital market

dan bursa, informasi juga disampaikan kepada Pemegang

and stock exchange authorities, the information are also

Saham melalui pengumuman di media massa.

communicated to the Shareholders through announcements and in the mass media.

34


Daftar Keterbukaan Informasi 2011 | Information Transparency List 2011 Laporan Eksternal I External Report

Frekuensi I Frequency

Topik I Topic

Pelaporan ke Bapepam-LK Pengumuman di Media Massa

14 kali 8 kali

Laporan Tahunan 2010, Laporan Tengah Tahunan, Laporan Administrasi Saham Laporan Keuangan 2010 [Kompas, 29 Maret], Pemberitahuan RUPS 2011 [Kompas & Suara Merdeka, 6 April], Undangan RUPS 2011 [Kompas & Suara Merdeka, 20 April], Hasil RUPS 2011 [Kompas & Suara Merdeka, 9 Mei], Laporan Keuangan Tengah Tahunan 2011 [Bisnis Indonesia, 26 Juli]

Daftar Siaran Pers 2011 | Pers Conferences 2011 Date I Tanggal

Topik I Topic

Media I Media

5 Mei 2011

Kinerja bisnis Phapros pada Tahun Buku 2010 [Phapros' business performance in the Financial Year 2010]

Kompas Suara Merdeka Indopost Antara Majalah Trust

Akses Informasi dan Data Perseroan

Access to Information and the Company's Data

Phapros menyediakan portal informasi melalui Situs Web

Phapros makes available an information portal through the

Perseroan, www.ptphapros.co.id, guna mendukung

Company's Website, www.ptphapros.co.id, to ensure easy

kemudahan dalam mengakses informasi bagi para pemangku

access to information for the stakeholders. As a form of

kepentingan. Sebagai bentuk kepatuhan terhadap keterbukaan

compliance to information disclosure, the Company regularly

informasi, Perseroan senantiasa melakukan pelaporan akan

makes reporting concerning material information and facts

informasi dan fakta material melalui surat kepada Bapepam-LK.

through letters to the Bapepam-LK.

Phapros juga senantiasa membina jalur komunikasi yang terbuka

Phapros also maintains open communication channels

melalui fungsi “contact” pada Situs Web Perseroan atau

through the “contact” function on the Company's Website

e-mail ke [email protected] untuk mengakomodasi

or email to [email protected] to answer any

berbagai pertanyaan mengenai Perseroan. Para pihak yang

question about the Company. All parties who would like to

ingin berhubungan dengan Perseroan dapat langsung

communicate with the Company may directly contact the

menghubungi Sekretaris Perusahaan ke alamat berikut:

Company's Corporate Secretary at the following address:

Emmi Mintarsih, S.E., Akt.

Emmi Mintarsih, S.E., Akt.

Sekretaris Perusahaan

Corporate Secretary

Telepon

[021] 527-6263

Phone

[021] 527-6263

Fax.

[021] 520-9381

Fax.

[021] 520-9381

E-mail:

[email protected]

Email:

[email protected]


35

Manajemen Risiko Risk Management RISIKO MERUPAKAN bagian integral dari proses bisnis,

RISK IS AN INTEGRAL part of business process, and

karena itu Manajemen Phapros menetapkan perlunya

therefore Phapros' Management decides to make Risk

kebijakan Manajemen Risiko sebagai landasan berpikir dan

Management policy both the basis for the Company's

bertindak dalam pengelolaan Perseroan. Dalam menjalankan

people to think and act in managing the Company. In its

kegiatan bisnisnya, Phapros menghadapi risiko yang menjadi

business activities, Phapros encounters many risks that

tantangan dalam mencapai sasaran dan target Perseroan.

become challenges for the Company to achieve its goals

Dengan demikian, Manajemen Risiko yang dikembangkan

and target. Consequently, Risk Management developed

terfokus pada upaya pencegahan, meminimalkan

focused on preventive efforts, minimizing the probability of

kemungkinan keterjadian atau dampak risiko yang dapat

the adverse events or the impact of the risk which may make

menggagalkan tercapainya sasaran dan target tersebut.

the achievable goals and target unachievable.

Tugas Departemen Manajemen Risiko adalah memfasilitasi

The Company's Risk Management Department's duty is to

proses Manajemen Risiko pada tiap unit kerja. Proses ini

facilitate Risk Management process at each work unit. The

meliputi identiikasi, pengukuran, pemetaan sampai dengan

process comprises of identiication, measurement, mapping

pengendalian risiko. Hal ini dilakukan melalui sistem konsultasi

through controlling the risks. These are done through a

dan evaluasi, sehingga dapat membantu setiap unit kerja

consultation and evaluation system, thus can be used to

dalam melakukan pengendalian untuk memitigasi risiko-risiko

help the work units in conducting risk control to mitigate the

di seluruh organisasi perusahaan. Departemen Manajemen

risks company-wide. The Risk Management Department is

Risiko bertanggung jawab langsung kepada Direktur Utama.

directly responsible to the President Director.

Kegiatan Pengelolaan Risiko

Risk Management Activities

Selama 2011 telah dilakukan proses Manajemen Risiko terhadap

During 2011, the Company run Risk Management process

beberapa sumber risiko atau kegiatan bisnis yang dilakukan, baik

on some risk sources or business activities it conducted by,

yang berasal dari internal maupun eksternal, yang disertai upaya

both of internal and external sources, along with integrated

terpadu untuk mengendalikan risiko-risiko tersebut. Kegiatan

efforts to control the risks. The risk management activities

pengelolaan risiko yang dilakukan pada 2011 tersebut antara lain:

the Company conducted in 2011 among others are:

• Mengidentiikasi risiko korporat berdasarkan Program

• Identiied the corporate risks based on the Initiative

Strategi Inisiatif Rencana Jangka Panjang Perusahaan

Strategic Program on Long-term Corporate Planning

[RJPP] yang telah disusun seluruh Departemen. Proses ini

[RJPP] made by all Departments. The process led to some

menghasilkan perlakuan risiko untuk mengendalikan 28

measures to control 28 biggest risks of 575 risks that were

risiko terbesar dari 575 risiko yang teridentiikasi.

• Identiied regular operational risks of each work unit.

• Menganalisis risiko proyek untuk renovasi dan instalasi

• Analyzed the risk of renovation and production installation

produksi. • Melakukan respons terhadap risiko dari Peraturan Daerah

36

identiied.

• Mengidentiikasi risiko operasional rutin untuk setiap unit kerja.

projects. • Made a response to risks from Municipal Regulation

Kota Semarang, luktuasi nilai dollar AS, Nomor Ijin Edar

of Semarang City, luctuated US dollar exchange rate,

[NIE] Produk Phapros dan kerjasama pembangunan

Distribution License Number [DLN] of Phapros' products

rumah sakit.

and cooperation to build a hospital.

Beberapa risiko penting yang dihadapi Perseroan dan

Some main risks the Company's faced and their correspondence

langkah-langkah penanggulangannya antara lain:

mitigating measures among others are:

• Peraturan Daerah Kota Semarang

• Municipal Regulation of Semarang City

Phapros berada di kawasan Simongan yang secara tegas

Phapros is located in Simongan region which is clearly

tidak termasuk Kawasan Industri sesuai dengan Peraturan

stated does not belong to Industrial Zones based on

Daerah Kota Semarang No.14 Tahun 2011 tentang

Municipal Regulation of Semarang City No.14 Year 2011


Meminimalkan risiko bisnis dengan sistem produksi yang andal. Sistem produksi yang mampu menjamin kualitas produk akan meminimalkan berbagai risiko bisnis. Pada 2011, Phapros merenovasi Gedung CPOB Lantai III, dan dengan rampungnya renovasi ini diharapkan Perseroan akan menjadi salah satu perusahaan yang diperhitungkan dalam produksi injeksi.

Minimizing business risks with excellent production system. Production system capable of ensuring the quality of products would minimize business risks. In 2011, Phapros renovated the 3rd CPOB Building, and with the completion of the renovation it is expected that the Company will be one of the companies that are regarded as the best in the production of injection preparations.

Rencana Tata Ruang Wilayah Kota Semarang 2011–2031.

on Urban Land-use Plan of Semarang City 2011–2031.

Sebagai langkah awal, Perseroan telah melakukan

As a irst step, the Company has made an approach to

pendekatan dengan dinas terkait dan membentuk forum

related oficial parties and formed a communication forum

komunikasi dengan pabrik-pabrik di lingkungan sekitar.

with manufacturing plants in the vicinity. Plant relocation

Relokasi pabrik yang merupakan risiko terbesar juga telah

which is the biggest risk has also been anticipated by

mulai diantisipasi dengan melakukan survei area industri

conducting surveys and Pre-feasibility Study in some

yang sesuai dan Pra Feasibility Study di beberapa tempat.

industrial area.

• Nomor Ijin Edar [NIE] Produk

• Product Distribution License Number [DLN]

Penerbitan Peraturan Kepala Badan Pengawas Obat dan

The issuance of the Head of Food and Drugs Monitoring

Makanan Republik Indonesia Nomor HK.03.1.23.10.11.08481

Agency the Republic of Indonesia Decree Number

Tahun 2011 tentang Kriteria dan Tata Laksana Registrasi Obat

HK.03.1.23.10.11.08481 Year 2011 on the Criteria and

memberi dampak yang sangat signiikan terhadap Nomor

Procedures of Drug Registration may give a very signiicant

Ijin Edar Produk yang saat ini dimiliki oleh Phapros, selain

impact to Product Distribution License Number Phapros currently

berdampak pada durasi proses registrasi obat.

owned, and also to the duration of drug registration process.

Pemeliharaan NIE produk dengan jumlah lebih dari 500 buah

Maintaining the product DLN of over 500 would certainly

memerlukan perhatian serius dari Manajemen, baik dari sisi

need serious attention from the Management, both in

waktu maupun biaya. Sebagai langkah awal, Perseroan telah

term of time and cost. As a irst step, the Company

melakukan evaluasi On Desk berdasarkan kebutuhan pasar,

has made On Desk evaluation based on market needs,

teknis operasional produksi dan regulasi yang ada. Evaluasi

technical operational production and regulations. With the

ini berhasil mengeliminasi lebih dari 300 NIE sehingga

evaluation, over 300 DLN were eliminated, allowing the

menghasilkan NIE yang valid dan eisien bagi Perseroan.

Company to have valid, eficient DLN.

• Fluktuasi Nilai Tukar Valuta Asing

• Fluctuation of Foreign Exchange

Perseroan masih rentan terhadap ketergantungan atas

The Company is still vulnerable to dependence on imported

bahan baku impor untuk kelangsungan kegiatan bisnis.

raw materials for the continuity of its business activity.

Walau nilai tukar dollar AS cenderung menurun terhadap

Although the exchange rate of the US dollar tends to

rupiah, penyediaan dana valuta asing yang memadai dan

decline against rupiah, the provision of adequate hard

dampak yang mungkin timbul akibat luktuasi valuta asing

currencies and impacts that may arise from the luctuation

terhadap biaya produksi, khususnya pembelian bahan

of foreign exchange on production expenses, particularly

baku dan investasi mesin, masih perlu diperhitungkan

the procurement of raw materials and investments on

secara serius.

machineries still need to be taken into serious consideration.


37

Sistem lindung nilai alamiah yang cermat, memperhatikan

Careful natural hedging, which takes economic condition

kondisi perekonomian di Indonesia dan kawasan,

of both in Indonesia and in the region, is among prudent

merupakan salah satu cara untuk memitigasi risiko tersebut.

ways to mitigate the currency risk.

• Persaingan Usaha

• Business Competition

Di tengah sistem perekonomian yang terbuka, persaingan

In the open economic system, the competition in

di bidang farmasi semakin ketat dengan makin banyaknya

pharmaceutical industry is increasingly keener with

produsen lokal maupun internasional yang beroperasi.

the increasing number of both local and international

Dan Persaingan tersebut timbul dalam berbagai aspek,

manufacturers in the Country. And the competition arises

termasuk variasi jenis obat, harga, inovasi produk, serta

in various aspects, including the variety of drugs offered,

pelayanan dan promosi.

price, product innovation as well as services and promotion.

Strategi Phapros dalam penanganan risiko ini adalah dengan

Phapros' strategy in mitigating the risk is to build research

membangun kemampuan riset dan pengembangan untuk

and development capacity to increase the number and

meningkatkan produk inovatif yang sesuai dengan kebutuhan

proportion of innovative products that suit consumer's

konsumen, dengan harga yang terjangkau. Pembagian

needs, at an affordable price. Deployment of the right

tim pemasaran yang tepat untuk setiap kategori produk

marketing teams for each product category has been one

menjadi salah satu strategi di bidang marketing untuk

of the strategies of choice in marketing to achieve the

mengupayakan tercapainya sasaran dan target Perseroan.

Company's goals and target. In addition, the Company

Selain itu, Perseroan juga telah mulai merintis peluang

has also begun to exploit export market opportunity,

pasar ekspor antara lain dengan berkomunikasi secara

among others by intensively communicating with overseas

intensif dengan buyer dari mancanegara.

buyers.

• Regulasi di Bidang Farmasi

• Regulations in Pharmaceutical Industry

Dengan perkembangan regulasi di bidang farmasi yang

With the dynamic development on regulation in

dinamis, seperti Current Good Manufacturing Practice

pharmaceutical industry, such as Current Good

[cGMP], Phapros dituntut untuk selalu memenuhi

Manufacturing Practice [cGMP], Phapros is required to

persyaratan mutu yang makin ketat dan kompleks. Penarikan

meet increasingly stringent, complex quality standards.

produk atau, yang lebih berat, pencabutan izin produksi atau

Product recall, or worse, revoke of production license or

Nomor Ijin Edar Produk, merupakan dampak yang paling

Product Distribution License Number, is a serious threat

besar yang secara signiikan akan berpengaruh pada kinerja

that would signiicantly affect the Company’s performance.

Perseroan. Answered the challenge, the Company has made Menjawab tantangan ini, Perseroan telah melakukan

improvements to meet the most current GMP. With

upaya peningkatan guna memenuhi persyaratan CPOB

production facilities that are in compliance with the

terkini. Dengan fasilitas produksi yang memenuhi

regulatory requirements, the Company is able to implement

persyaratan tersebut, Perseroan dapat menerapkan prinsip

operational excellence principles on sustainable basis,

operational excellence secara berkesinambungan sekaligus

allowing it to exploit the opportunity to make the production

menggarap peluang untuk menjadikan bagian produksi

department a proit center through toll-in manufacturing.

sebagai proit center melalui toll-in manufacturing. In 2011, among the Company's successful efforts in

38

Pada 2011, salah satu upaya peningkatan fasilitas

improving its production facilities was the renovation of the

produksi yang perlu dicatat adalah renovasi Gedung

3rd Floor CPOB Building that previously had been used for

CPOB Lantai III yang selama ini digunakan untuk produksi

the production of liquid preparations [injections, ointments,

obat bentuk cairan [injeksi, salep, sirop]. Setelah gedung

syrups]. It is expected that when the building is ready to

siap digunakan, diharapkan Perseroan akan menjadi

use, the Company will be one of a few pharmaceutical

salah satu perusahaan yang paling diperhitungkan untuk

companies that are regarded as the best in the production

produksi injeksi.

of injectable preparations.


• Kualitas Produk

• Quality of Products

Kualitas harus dibangun ke dalam produk. Artinya, komitmen

Quality must be build into products. This means, the

terhadap kualitas mesti dimulai sejak tahap riset dan

commitment toward quality should be maintained from

pengembangan hingga masa kadaluwarsa produk pada saat

the research and development stage to the product expiry

didistribusikan dan dipasarkan. Risiko yang terkait dengan

date during distribution and marketing. The risks related

kualitas akan berpengaruh besar terhadap kepercayaan

to quality would be highly affected the consumers' trust

konsumen terhadap produk suatu perusahaan.

toward a company's products .

Phapros memitigasi risiko kualitas ini melalui, antara lain,

Phapros mitigates the quality risk with, among others,

penerapan Cara Pembuatan Obat yang Baik secara ketat,

with the implementation of current-Good Manufacturing

sistem informasi yang memadai, pemantauan secara

Practices, appropriate information system, continuous

terus menerus terhadap produk yang akan maupun telah

monitoring on products that will and has been in

beredar serta pemantauan produk yang mendekati masa

the market as well as monitoring of products which

kadaluwarsa. Perseroan juga telah mulai menerapkan

approaching their expiry dates. The Company has

sistem Quality by Design guna menjamin agar produk

also started implementing Quality by Design system to

yang dihasilkan telah dievaluasi secara ketat dari berbagai

ensure that the products produced have been thoroughly

aspek, termasuk risikonya. Selain itu, sistem CAPA

evaluated from various aspects, including the risks.

[Corrective Action Preventive Action] yang diterapkan

In addition, the CAPA [Corrective Action Preventive

menjadikan proses peningkatan yang berkesinambungan

Action] system implemented would make the continuous

menjadi efektif.

improvement process highly effective.

• Risiko Dampak Lingkungan

• Environmental Risk

Proses produksi yang dijalankan Perseroan berpotensi

Production process run by the Company potentially

menimbulkan pencemaran terhadap lingkungan sekitar.

causes pollution to the surrounding environment. The

Pencemaran yang timbul dapat mendatangkan tuntutan

pollution may bring legal actions that badly affect the

hukum yang berpengaruh pada citra perusahaaan.

corporate image. The Company's participation in the

Keikutsertaan Perseroan dalam program PROPER yang

PROPER program that is one of the parameters of

merupakan salah satu parameter keberhasilan pengelolaan

success in environmental management is an evident of the

lingkungan menjadi bukti kepedulian Perseroan terhadap

Company's concern on the danger of pollutions. With the

bahaya pencemaran. Dengan target PROPER hijau,

target of PROPER green, it is expected that the potential

diharapkan potensi risiko yang terkait dengan limbah B3

risk associated with "B3 waste" [hazardous and poisonous

[bahan beracun berbahaya] dapat diminimalisasi.

waste] can be minimized.

• Legal

• Legal

Dalam menjalankan kegiatan operasionalnya, Perseroan

In conducting its operational activities, the Company faces

menghadapi berbagai jenis peraturan hukum dan perubahan

various legislations and related regulatory changes as well

regulasi yang terkait serta perjanjian dengan pihak ketiga

as binding third-parties' agreement terms. All these may

yang mengikat. Semua ini dapat menimbulkan risiko hukum.

pose legal risks.

Karena itu, Perseroan selalu memastikan bahwa tahapan

The Company therefore always makes sure that the

penyusunan dan pengesahan setiap perjanjian yang

drafting and ratifying stages of any binding agreement

mengikat dengan pihak ketiga dilakukan secara ketat dan

with the third-parties are held thoroughly and clearly. The

jelas. Proses registrasi atas merek dan produk serta hak

registration process of the brands and products as well as

atas kekayaan intelektual [HAKI] lainnya merupakan proses

other intellectual-property rights [HAKI] are the other legal

hukum yang juga harus dijalankan secara benar sehingga

process must also be done correctly to avoid claims from

terhindar klaim dari pihak luar yang dapat terjadi.

other parties.


39

Penyesuaian terhadap peraturan hukum dan regulasi

Compliance to the law and regulation has been made

yang telah dilakukan merupakan salah satu upaya lain

is one of the Company's other efforts to minimize the

Perseroan untuk meminimalisasi potensi risiko hukum

potential legal risks that may occur in the future.

yang mungkin terjadi di kemudian hari. Anticipating the highly rapid business changes, Phapros Mengantisipasi perubahan bisnis yang teramat cepat, Phapros

continuously reviews and improves its Risk Management,

secara terus menerus mengkaji dan menyempurnakan proses

allowing the Company to always be able to manage any risk

Manajemen Risiko sehingga Perseroan senantiasa dapat mengelola

that may arise, both regular risks and new risks potentially

seluruh risiko yang mungkin timbul, baik risiko rutin maupun

occur in the future. The risk mitigation taken is integrated

risiko baru yang berpotensi terjadi di masa depan. Mitigasi risiko

efforts to minimize the impacts of the risks, given that risks

yang dilakukan merupakan upaya terpadu untuk meminimalisasi

may not be entirely eliminated.

dampak risiko tersebut, mengingat risiko tak mungkin dihilangkan. Having increasingly more effective risk management system, Dengan sistem manajemen risiko yang makin efektif,

it is expected that the Company's goals and target would be

diharapkan sasaran dan target Perseroan akan tercapai

achieved more easily, highly increasing corporate values for

sehingga meningkatkan corporate value bagi para

the Company's stakeholders.

pemangku kepentingan Perseroan.

40


Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility Menuju Kesejahteraan Bersama

Achieving Prosperity Together

SEBAGAI BAGIAN dari komunitas, Phapros selalu berupaya

AS A PART OF the community, Phapros always strives

mengidentiikasi diri dengan lingkungan sosial tempat Perseroan

to identify itself as a member of the community where

melakukan aktivitas bisnis. Hal ini terutama dilakukan melalui

the Company conducts its business activities. Among

upaya community development berkelanjutan. Untuk itu,

efforts taken by the Company is continuous community

Perseroan secara bertahap dan konsisten menyisihkan dana

development initiative. To that end, the Company has been

dari laba bersihnya buat menjalankan Program Kemitraan

consistently setting aside funds from its Net Income its

dan Bina Lingkungan [PKBL] bernama “Phapros Peduli.”

PKBL named "Phapros Peduli" or Phapros Care."

Pengelolaan dana PKBL ini terpisah dari pembukuan Phapros.

The PKBL fund is managed separately from Phapros’ book-

Dari dana yang disisihkan sampai dengan 2011, telah disetor

keeping. Of all proits set aside by the Company through 2011,

ke dalam kas PKBL Rp8.493,21 juta, yaitu dari penyisihan

Rp8,493.21 million has been put into the PKBL’s account, i.e.

laba semenjak 1995. Maka, ditambah berbagai pendapatan,

from income set aside since 1995. Hence, plus a variety of

jumlah akumulasi sumber dana mencapai Rp11.240,23 juta.

income, the accumulated fund reached Rp11,240.23 million.

Sampai dengan 31 Desember 2011, dana yang telah

As of 31 December 2011, the aggregate total funds channeled

disalurkan ke 343 Mitra Binaan mencapai Rp12.908,24 juta

to 343 Mitra Binaan in form of soft loans and grants amounted

dalam bentuk pinjaman lunak dan hibah. Dari jumlah mitra

to Rp12,908.24 million. Among the Mitra Binaan, 239 were

binaan ini, 239 mitra telah mandiri. Dengan demikian, sampai

“graduated.” Therefore, up to the end of 2011, 104 Small Business

dengan akhir tahun 2011 masih terdapat 104 mitra binaan.

and Co-operatives have still been Phapros’ Mitra Binaan.

Untuk 2011 saja, disalurkan Rp3.571,00 juta, dengan

For 2011, the fund channeled were Rp3,571.00 million, with

efektivitas penyaluran dana 1% dan kolektibilitas 87%,

channeling effectiveness of 1% and collectability of 87%,

sehingga masing-masing masuk kategori 3. Perseroan

and hence both belonged to category 3. The Company

juga mempromosikan beberapa UMKM di berbagai acara,

also promoted several SMEs in various events, including

termasuk Craina 2011 di Jakarta Convention Center.

Craina 2011 in the Jakarta Convention Center.

Kegiatan sosial lain pada 2011 yang patut dicatat adalah yang

Another notable social activity conducted by Phapros

terkait dengan upaya percepatan pencapaian Millennium

in 2011 was that related to the efforts to accelerate the

Development Goals [MDGs]. Untuk memberdayakan ibu

achievement of Millennium Development Goals [MDGs]. To

rumah tangga dan meningkatkan penghasilan rumah tangga,

empower the housewives and increase household income,

pada November 2011 Perseroan bekerjasama dengan

in November 2011 the Company in collaboration with

Lembaga Kemanusiaan Nasional PKPU [Pos Keadilan Peduli

Lembaga Kemanusiaan Nasional PKPU [Pos Keadilan Peduli

Umat], menghibahkan dana bergulir Rp108,00 juta kepada 40

Umat], provided revolving grant of Rp108.00 million to 40

ibu rumah tangga, dengan pendampingan selama satu tahun.

housewives, with a one year counseling.

Terkait Bina Lingkungan, Perseroan bekerjasama dengan

On the Bina Lingkungan front, the Company in collaboration

berbagai pihak menyelenggarakan Bakti Sosial di berbagai

with various parties held Social Activities, providing medicines

daerah dalam bentuk pemberian obat-obatan dan peralatan

and medical supplies. In 2011, the regular activities were

kesehatan. Pada 2011, kegiatan rutin ini ditambah dengan

expanded to include immunization [DPT, polio, measles,

bantuan imunisasi [DPT, polio, campak, BCG, hepatitis]

BCG, hepatitis] to [under ive years old] toddlers through

kepada anak-anak balita melalui kegatan Posyandu di

the so called Posyandu di some villages and small cities, in

berbagai daerah di Jawa Tengah, serta bantuan fasilitas

Central Jawa, and donation of eco-friendly sanitary.

MCK ramah lingkungan.


41

42

Selain itu, meneruskan upaya pelestarian lingkungan

In addition, continuing the environment preservation

yang telah dilakukan sejak 2009, Perseroan pada 2011

activities initiated in 2009, the Company in 2011 planted

menanam 75.000 pohon bakau di pantai sekitar Semarang.

70,000 mangrove seedlings on the beaches in Semarang

Menggandeng Universitas Muhammadiyah Yogyakarta,

vicinity. In collaboration with Yogyakarta Muhammadiyah

Perseroan juga membantu upaya Desa Imorenggo

University, the Company also helped the Village of Imorenggo

menjadikan Pantai Trisik sebagai daerah wisata dengan

efforts to develop Pantai Trisik into recreational area by

penanaman cemara udang [Casuarina equisetifolia].

planting Casuarina equisetifolia.

Untuk membantu para karyawan yang akan habis masa tugasnya,

To help those who were about to retire, the Company gave

Perseroan memberikan seminar dan pelatihan kewirausahaan

seminars and training on entrepreneurship attended by 40

yang diikuti 40 karyawan. Dan, seperti tahun-tahun sebelumnya,

employees. And like in the preceding years, the Company

Perseroan memberikan bea siswa kepada putera-puteri karyawan

provided scholarships to sons and daughters of employees

yang berprestasi, mengadakan Sunatan Massal, Donor Darah

and organized free circumcision, blood donor [to celebrate the

sebagai rangkaian peringatan HUT Kemerdekaan Indonesia,

Independence Day], bazaars that sell daily necessities at discount

serta bazar murah dan kegiatan buka bersama dengan

price, and breakfasting festive with orphanage children and

anak-anak yatim dan kaum dhuafa pada bulan Ramadhan.

economically less fortunate families in the month of Ramadhan.

21 Juli 2011 Pengobatan Gratis

25 Oktober 2011 Pencairan Dana Kemitraan Magelang

MEMILIKI perhatian khusus kepada kalangan masyarakat yang kurang beruntung. Selama 2011, Perseroan memberikan berbagai bantuan: Obat-obatan dan perbekalan kesehatan serta pengobatan gratis di berbagai desa dan kota, di Jawa Tengah.

KETIMBANG membagikan ikan, Phapros lebih suka memberikan pancing kepada masyarakat. Pada 2011, Perseroan antara lain mencairkan dana kemitraan senilai Rp555 juta bagi kalangan usaha kecil-menengah [UMKM] di kawasan Magelang, Jawa Tengah.

21 July 2011 Free Health Treatment

25 October 2011 Disbursement of Partnership Fund Magelang

12 November 2011 Mangrove Planting with the Mayor

HAVING special concerns toward less fortunate people. Throughout 2011, the Company handed various aids: Medicines and other medical supplies and foods as well as free medical treatment in many villages and cities, in Central Jawa.

RATHER THAN giving ish, Phapros would provide people in need the ishing rods. In 2011, the Company among others disbursed partnership fund amounted to Rp555 million for Small-Medium Enterprises [EMEs] in Magelang and its vicinity, Central Jawa.

CARE to environmental sustainability, Phapros in 2011 planted 75,000 mangrove seedlings on the beaches of Maron, Mangun Harjo, Tambak Lorok, Randu Garut dan Tiram, in Semarang.


12 November 2011 Penanaman Bakau dengan Walikota PEDULI terhadap kelestarian lingkungan, Phapros pada 2011 menanam 75.000 pohon bakau di pantai-pantai Maron, Mangun Harjo, Tambak Lorok, Randu Garut dan Tiram, di Semarang.

Diskusi dan Analisis Manajemen Management’s Discussion and Analysis


43

Kinerja Keuangan Financial Performance

44

Kesehatan Finansial yang Terjaga

Excellent Financial Health

PADA 2011, PT Phapros Tbk. membukukan pertumbuhan

IN 2011, PT Phapros Tbk. made positive growth. From the

positif. Dari perspektif keuangan, Phapros meraih Penjualan

inancial perspective, Phapros' achieved Net Income of

Bersih Rp470,67 miliar, meningkat cukup tinggi dari

Rp470.67 billion, increasing quite high from Rp433.20 billion

Rp433,20 miliar pada tahun sebelumnya. Dari peningkatan

in the preceding year. From the increase of the Net Sales

Penjualan Bersih senilai Rp37,47 miliar tersebut, Perseroan

amounted Rp37.47 billion, the Company posted an increase

mencatat peningkatan Laba Bersih Rp3,41 miliar, yaitu dari

of Net Income amounted to Rp3.41 billion, i.e. from Rp61.29

Rp61,29 miliar menjadi Rp64,70 miliar.

billion to Rp 64.70 billion.

Dibanding pada 2010, Beban Pokok Penjualan produk over the

Compared to that in 2010, the Company's Cost of Goods

counter [OTC] Perseroan mengalami peningkatan relatif tinggi

Sold of over the counter [OTC] products experienced

dibanding pertumbuhan penjualannya sehingga menyebabkan

relativelly high increase relative to its Net Sales growth,

peningkatan Rasio Beban Pokok Penjualan terhadap Penjualan

allowing the Cost of Goods Sold to Net Sales ratio to

Bersih, dari 38,6% menjadi 39,1%. Tetapi, Laba Kotor Perseroan

increase, from 38.6% to 39.1%. However, the Company's

tetap mengalami peningkatan yang berarti sehingga mencapai

Gross Income still experienced a signiicant increase to reach

Rp286,70 miliar, dari Rp266,12 miliar pada tahun sebelumnya.

Rp286.70 billion, from Rp266.12 billion in the preceding year.

Dengan peningkatan Laba Kotor yang mencapai Rp20,58 miliar

With the increase of the Gross Income that toppled Rp20.58

tersebut, kenaikan Beban Usaha yang cukup tinggi, Rp13,58

billion, the increase of Operating Expenses which was

miliar, masih membuat Laba Usaha Phapros mengalami

quite high, Rp13.58 billion, still allowed Phapros' Operating

pertumbuhan yang cukup menggembirakan, 9,0%, sehingga

Income to experience quite encouraging growth, 9.0%, to

mencapai Rp84,57 miliar. Dengan Pendapatan Lain-lain yang

reach Rp84.57 billion. With Other Income of Rp4.32 billion,

mencapai Rp4,32 miliar, pada 2011 Perseroan membukukan

in 2011 the Company posted Net Income Before Tax of

Laba Bersih Sebelum Pajak Rp88,89 miliar, meningkat Rp5,67

Rp88.89 billion, or increased by Rp5.67 billion from Rp83.22

miliar dibanding tahun sebelumnya yang Rp83,22 miliar.

billion in the preceding year.

Peningkatan Laba Sebelum Pajak ini membuat Phapros

The increase on the Company's Net Income Before Tax

dapat memberikan sumbangan yang juga lebih besar

allowed Phapros to give higher contribution to the Country’s

terhadap pembangunan nasional berupa pembayaran pajak

national development program in form of higher tax payment.

yang lebih besar. Pada 2011, Perseroan menyetor Pajak

In 2011, the Company paid Income Tax of Rp24.20 billion,

Penghasilan Rp24,20 miliar, meningkat 10,4% dibanding

an increase of 10.4% from the Rp21.93 billion paid in the

pada tahun sebelumnya yang Rp21,93 miliar.

preceding year.

Patut dicatat, pada 2011 pengiriman beberapa produk

It is worth to mention, in 2011 delivery of some high value

bernilai tinggi mengalami keterlambatan. Dengan sistem

products experienced a delay. With the new book-keeping

pembukuan yang baru, walau pengiriman dilakukan pada

system, although the delivery was done in the current

tahun berjalan, produk senilai Rp9,64 miliar yang mencapai

year, the products worth Rp9.64 billion that reached the

gudang distributor melewati akhir tahun tersebut tak dapat

distributor's warehouse after the end of the year cannot be

dicatat sebagai penjualan tahun 2011. Karena itu dapat

recorded as the sales of 2011. So that, it can be concluded

dikatakan bahwa pertumbuhan Perseroan yang mengalami

that the Company's growth rate that experienced a

perlambatan dibanding pada tahun sebelumnya ini hanya

deceleration compared to that in the preceding year was only

bersifat teknis, tidak sistemik.

technical in nature, not systemic.


4

3 Kinerja bisnis yang tinggi Membukukan Laba Bersih Rp64,69 miliar dari Penjualan Bersih Rp470,67 miliar, pada 2011 Phapros mempertahankan

2

parameter kemampulabaan yang tinggi—ROE 25,5% dan ROI 22,5%—sehingga meraih peringkat kesehatan AA. 1 Excellent business performance Registered Net Income of Rp64.69 billion on Net Sales of Rp470.67 billion, in 2011 Phapros maintained its excellent proitability ratios—ROE 25,5% and ROI 22,5%—allowing the Company to achieve the health rating of AA .

0 ‘07 ‘08 ‘09 ‘10 ‘11

Perseroan memanfaatkan pencapaian Laba Bersih yang tinggi

The Company made use of its high Net Income in 2011

pada 2011 untuk memperkuat basis pertumbuhan jangka

to strengthen the base for long-term growth by increasing

panjang dengan meningkatkan Laba Ditahan menjadi Rp238,03

Retained Earnings to Rp238.03 billion from Rp204.67 billion

miliar dari Rp204,67 miliar pada tahun sebelumnya. Dengan

in the preceding year. Phapros' Equity therefore experienced

demikian, Ekuitas Phapros mengalami peningkatan yang cukup

quite high increase, 10.9%, i.e. from Rp305.81 billion to

tinggi, 10,9%, yaitu dari Rp305,81 miliar menjadi Rp339,17 miliar.

Rp339.17 billion.

Dari sisi Neraca, pada 2011 Jumlah Aset Phapros juga

On the Balance Sheet side, in 2011 Phapros’ Total Assets

mengalami peningkatan yang cukup berarti, 11,7%, sehingga

also experienced quite signiicant increase, 11.7%, to reach

mencapai Rp462,59 miliar dari Rp396,16 miliar pada tahun

Rp462.59 billion from Rp396.16 billion in the preceding year.

sebelumnya. Posisi keuangan Perseroan pun sangat likuid dan

The Company’s inancial condition was highly liquid and

solvable untuk menutup seluruh kewajibannya.

solvable to cover all its liabilities.

Pada akhir 2011, Rasio Lancar maupun Rasio Kas Phapros

As of the end 2011, both Phapros' Current Ratio and Cash

memang mengalami penurunan, masing-masing dari

Ratio indeed experienced decrease, respectively from

572,8% dan 130,3% menjadi 419,0% dan 22,5%. Tetapi,

572.8% and 130.3% from 419.0% and 22.5%. However,

Aset Lancar yang mencapai 4,2 kali lipat Kewajiban Lancar

the Company's Current Assets that reached 4.2 times of the

tersebut, misalnya, telah lebih dari cukup untuk menutup

respective Current Liabilities, for example, were more than

seluruh kewajiban jangka pendek Perseroan. Apalagi Kas

enough to cover all the Company's short-term liabilities.

dan Setara Kas Perseroan juga masih cukup tinggi, yaitu

Moreover, the Company's Cash and Cash Equivalent also

Rp20,54 miliar [per 31 Desember 2011].

quite high, i.e. Rp20.54 billion [as of 31 December 201].

Upaya lain untuk menjaga pertumbuhan jangka panjang adalah

Other endeavor to ensure long-term growth has been

melalui pengembangan berkelanjutan produk dan merek,

through continuous development of products and brands,

terutama kategori Obat dengan Nama Dagang [OND] yang

particularly those on the category of Branded Drugs

memberikan margin lebih tinggi. Pada 2011, upaya terpadu

[OND] that commands higher margin. In 2011, Phapros’

yang dilakukan berhasil meningkatkan nilai penjualan produk

integrated efforts increased the Net Sales of both Branded

Branded Ethical maupun OTC, masing-masing 13,1% dan

Ethical and over the counter [OTC] products, i.e. by 13.1%

12,1%. Hal ini pada gilirannya meningkatkan kontribusi OND

and 12.1%, respectively. This in turn increased the overall

secara keseluruhan terhadap Penjualan Bersih Perseroan,

OND contribution to the Company's Net Sales, i.e. to

yaitu menjadi 53,8% dari 52,1% pada tahun sebelumnya.

53.8% from 52.1% in the preceding year. The fact that

Kalau peningkatan proporsi Penjualan Bersih OND ini belum

the higher proportion of OND Net Sales did not lead to the

memberikan peningkatan margin kotor, hal itu karena, seperti

increase of gross margin was, as mentioned earlier, due to

yang telah disampaikan sebelumnya, terjadinya peningkatan

the relatively high increase of Cost of Goods Sold of the OTC

Beban Pokok Penjualan produk OTC yang relatif tinggi.

products.

Perkembangan produk OND Perseroan yang mengesankan

The impressive development of the Company's OND

tersebut menambah keyakinan bahwa kepercayaan

products made Phapros more conident that the people's

masyarakat, termasuk kalangan dokter, di Indonesia

trust, including medical community's, in Indonesia to the

terhadap produk Phapros akan terus meningkat. Karena itu,

Company's products would be increasingly higher. The

Perseroan berencana dalam waktu dekat akan meluncurkan

Company therefore planned to launch six new OND


45

3,6%

3,5%

Portofolio produk yang lebih seimbang. 16,1%

16,7%

Peningkatan porsi Penjualan Bersih obat Branded Ethical dan OTC membuat portofolio produk Phapros pada 2011 lebih

47,9%

46,2%

2010

2011

menguntungkan. 32,3%

33,7%

More balanced product portfolio. Increase on the share of Net Sales of Branded Ethical and OTCs made Phapros’ product portfolio in 2011 better able to generate higher proit.

OGB

Branded Ethical

OTC

Toll-in

Pembayaran Dividen pada 2010 dan 2009 Dividend Payments in 2010 and 2009 Keterangan Remarks Laba Bersih | Net Income [Rp .000] Persentase Dividen | Percentage for Dividend Dividen Tunai | Cash Dividend [Rp .000] Dividen Tunai per Saham | Cash Dividend per Share Periode Pembayaran | Payment Period

46

2010 [Saham | Share @ Rp500]

2009 [Saham | Share @ Rp500]

Rp61.289.175.000 50% Rp30.644.588 Rp364,82 23 Mei 2011

Rp45.610.708 50% Rp22.805.354 Rp271,49 10 Mei 2010

enam item produk OND baru yang diharapkan akan menjadi

products which are expected to become Phapros’ proit

mesin pertumbuhan bisnis Phapros di masa mendatang.

generator of the future.

Saat ini, basis pertumbuhan bisnis Phapros yang kuat

At present, Phapros’ increasingly stronger base for long-term

ditunjukkan oleh nilai kesehatan Perseroan yang tinggi.

business growth is relected in the Company’s high health

Secara keseluruhan, membukukan rasio keuangan yang

score. Overall, posted considerably good inancial ratios,

baik, pada 2011 Phapros berhasil meraih peringkat

in 2011 Phapros successfully achieved the health rating of

kesehatan AA, dengan skor 93,5—lebih tinggi dibanding

AA, with health score of 91.0—higher than the 91.5 score

skor 91,0 yang dicapai pada 2009, walau masih lebih rendah

achieved in 2009, although still lower than the 95.5 score

dibanding skor 95,5 yang diraih pada 2010.

reached in 2010.


Proses Internal Internal Operations Efisiensi Bisnis yang Teruji

Proven Business Efficiency

SECARA UMUM, pada 2011 Phapros membukukan

IN GENERAL, in 2011 Phapros' business posted positive

pertumbuhan positif, baik dari sisi Penjualan Bersih maupun

growth, both in term of Net Sales and Net Income. Compared

Laba Bersih. Dibanding dengan tahun sebelumnya,

to that in the preceding year, the growth experienced

pertumbuhan ini mengalami perlambatan. Namun demikian,

deceleration. However, the deceleration was only technical

perlambatan yang terjadi hanya bersifat teknis.

in nature.

Seperti yang telah disampaikan sebelumnya, pada

As mentioned earlier, in 2011 delivery of products worth

2011 pengiriman produk senilai Rp9,64 miliar mengalami

Rp9.64 billion experienced a delay and consequently

keterlambatan sehingga tak tercatat sebagai penjualan tahun

did not belong to the Company's current Net Sales. The

buku berjalan. Hambatan teknis ini menyebabkan Perseroan

technical obstacle led the Company to get lower than

meraih peningkatan Penjualan Bersih yang lebih rendah dari

expected Net Sales increase, 8.6%. With the relatively high

yang diharapkan, 8,6%. Dengan peningkatan Beban Pokok

increase of Cost of Goods Sold, particularly that of the OTC

Penjualan yang relatif tinggi, terutama untuk produk OTC,

products, the Company posted Net Income increase of

Perseroan mencatat peningkatan Laba Bersih 5,6%.

5.6%.

Peningkatan Beban Pokok Penjualan yang relatif tinggi tersebut

The relatively high Cost of Goods Sold was also relected

juga tercermin pada peningkatan Rasio Beban Pokok Penjualan

on the increase of Cost of Goods Sold to Net Sales Ratio,

terhadap Penjualan Bersih, dari 38,6% menjadi 39,1%,

from 38.6% to 39.1%, the decrease of gross margin, from

dan penurunan margin kotor, dari 61,4% menjadi 60,9%.

61.4% to 60.9%. The Company's sales portfolio that was

Portofolio penjualan Perseroan yang terjaga—bahkan lebih

well maintained—even tend to be better with the lower

baik dengan menurunnya proporsi OGB, yaitu dari 47,9%

OGB proportion, i.e. from 47.9% to 46.2%—strengthen the

menjadi 46,2%—memperkuat bukti bahwa penurunan

evidence that the decrease on gross margin was not due to

margin kotor yang terjadi tidak bersifat sistemik.

factors that were systemic in nature.

Pada 2011, Penjualan Bersih Perseroan yang diperoleh dari

In 2011, the Company's Net Sales from Branded Ethical

produk Branded Ethical dan OTC mencapai 50,4%—lebih

and OTC products reached 50.4%—higher than that in the

tinggi dibanding pada tahun sebelumnya yang hanya 48,4%.

preceding year of 48.4%. Therefore, the Company in general

Dengan demikian, secara umum Perseroan telah berhasil

has made successful efforts in improving the quality of its

meningkatkan kualitas portofolio penjualan produknya. Secara

product sales portfolio. In nominal term, the Net Sales of the

nominal, Penjualan Bersih produk OND Perseroan juga

Company's OND products also increased quite signiicantly,

meningkat secara cukup berarti, 12,8%, menjadi Rp236,90

12.8%, i.e. to Rp236.90 billion from Rp210.03 billion in the

miliar dari Rp210,03 miliar pada tahun sebelumnya.

preceding year.

Peningkatan Penjualan Bersih OND ini terutama disumbang oleh

The increase of OND's Net Sales was mainly contributable

Branded Ethical yang tumbuh 13,1%, menjadi Rp158,49 miliar dari

to that of Branded Ethical's which grew by 13.1%, i.e. to

Rp140,08 miliar. Selain itu, produk OTC Perseroan juga mencatat

Rp158.49 billion from Rp140.08 billion. In addition, the

kenaikan Penjualan Bersih cukup tinggi, 12,1%, yaitu menjadi

Company's OTC products also registered quite high increase

Rp78,42 miliar dari Rp69,95 miliar pada tahun sebelumnya.

on its Net Sales, 12.1%, i.e. to Rp78.42 billion from Rp69.95 billion in the preceding year.

Laiknya produk OTC, untuk meningkatkan penjualan diperlukan promosi yang umumnya membutuhkan biaya

Typical for OTC products, to boost their sales it needs

cukup besar sehingga, bersama promosi OGB yang juga

promotions that usually require quite high expense and thus,

naik, meningkatkan biaya promosi secara keseluruhan kalau

along with promotion of OGB that also increased, elevating


47

saja promosi beberapa produk [terutama Antimo Anak,

overall promotion expense if the Company did not cut the

Minyak Kayu Putih Antimo dan Agromed] tak mengalami

promotion budget of certain products [notably Antimo Anak,

pemangkasan. Meningkatnya biaya promosi ini memberikan

Minyak Kayu Putih Antimo and Agromed]. The higher overall

sumbangan yang cukup berarti terhadap peningkatan Beban

promotion expense gave quite signiicant contribution to

Penjualan yang mencapai 7,2%, yaitu dari Rp135,61 miliar

the increase of Sales Expense that toppled 7.2%, i.e. from

menjadi Rp145,40 miliar.

Rp135.61 billion to Rp145.40 billion.

Untuk pos Beban Umum dan Administrasi, pada 2011 terjadi

For General and Administration Expense, in 2011 there

peningkatan 7,2%, dari Rp52,93 miliar menjadi Rp56,72

was a 7.2% increase, from Rp52.93 billion to Rp56.72

miliar. Dengan demikian, secara agregat Beban Usaha juga

billion. However, in aggregate the Company's Operating

mengalami peningkatan 7,2%, dari Rp188,54 miliar menjadi

Expense also experience increase of 7.2%, from Rp188.54

Rp202,12 miliar. Beban Usaha yang terjaga ini membuat Laba

billion to Rp202.12 billion. The well maintained Operating

Usaha Perseroan meningkat secara cukup berarti, 9,0%, menjadi

Expense made the Company's Operating Income increase quite


signiicantly, 9.0%, to Rp84.57 billion from Rp77.57 billion in the preceding year.

Tetapi, walau peningkatan Laba Usaha cukup tinggi, sekitar Rp7,00 miliar, karena Pendapatan Lain-lain mengalami

However, despite the quite high increase on Operating

penurunan, dari Rp5,64 miliar menjadi Rp4,32 miliar, Perseroan

Income, Rp7.00 billion, because Other Income experience

hanya membukukan peningkatan Laba Sebelum Pajak sebesar

decrease, from Rp5.64 billion to Rp4.32 billion, the Company

6,8%, dari Rp83,22 miliar menjadi Rp88,89 miliar. Dengan

only made an increase on Net Income Before Tax of 6.8%, i.e.

demikian, pada 2011 Perseroan mencatat peningkatan Laba

from Rp83.22 billion to Rp88.89 billion. Therefore, in 2011

Bersih 5,6% menjadi Rp64,70 miliar atau Rp770/lembar saham.

the Company posted an increase of Net Income of 5.6% to Rp64.70 billion or Rp770/share.

Dari perspektif proses internal, kinerja bisnis Perseroan tentu dapat ditingkatkan. Untuk mengkompensasi kenaikan

From the internal process perspective, the Company's business

tinggi harga bahan baku dan bahan pengemas beberapa

performance could certainly be improved. To compensate the

produk OTC, misalnya, dapat dilakukan penyesuaian

high increase on raw materials and packaging materials of some

harga jual produk, terutama yang memiliki posisi dominan

OTC products, for example, the Company may simply adjust

di pasar seperti Antimo. Harga jual yang lebih tinggi akan

the sale price of the inished products, especially those that

meningkatkan Penjualan Bersih sekaligus margin.

command dominant market position such as Antimo. The higher sale price would increase both Net Sales and the margins.

Terkait pemasaran, Perseroan dapat merevitalisasi sejumlah

48

produk lama yang terbuki andal sehingga terus memberikan

On the marketing side, the Company could revitalize

sumbangan yang besar terhadap kinerja keuangan. Apalagi

a number of old champion products, allowing them to

Phapros memiliki cukup banyak produk “legacy” yang layak

continuously make great contributions to the Company's

mendapat perhatian khusus seperti ini, termasuk Dextamine

inancial performance. Nevertheless, Phapros has quite a

dan Bio ATP, selain Antimo yang telah sukses dikembangkan

lot "legacy" products that deserve the special attention,

menjadi kategori produk tersendiri melalui brand extention.

including Dextamine and Bio ATP, not to mention Antimo

Dalam hal OGB, kebijakan Kementerian Kesehatan yang

that has successfully been nurtured into its own product

lebih bersahabat pada pasar telah melonggarkan tekanan

category through brand extension. Regarding the OGB, the

terhadap margin Perseroan.

Ministry of Health's policy that is more market friendly has


Di bidang produksi, upaya untuk terus meningkatkan eisiensi

loosened the pressure on the Company's margins.

dilakukan dengan menerapkan secara konsisten prinsip

On the production side, the efforts to continuously improve

operational excellence sehingga memungkinkan Perseroan

the eficiency have been achieved through the consistent

memenuhi permintaan pasar yang berubah cepat. Sistem

implementation of operational excellence that allows the

produksi yang memenuhi persyaratan cGMP dan ditunjang

Company to fulill rapidly changing market demands. The

Phapros Quality System ini bahkan telah memungkinkan Bagian

production system that complies cGMP requirements and is

Produksi Peseroan menempatkan diri sebagai proit center.

supported by the Phapros Quality System even allows the Company to make its Production Department a proit center.

Pada 2011, keberhasilan Perseroan dalam peningkatan eisiensi produksi antara lain tercermin pada peningkatan pendapatan

In 2011, the Company's successful efforts in improving

dari kegiatan toll-in manufacturing [dari Rp15,45 miliar menjadi

its reduction eficiency was among others relected on the

Rp16,36 miliar] yang dibarengi dengan penurunan Beban

increase of revenue from toll-in manufacturing [from Rp15.45

Pokok Penjualan [dari Rp5,23 miliar menjadi Rp5,05 miliar]

billion to Rp16.36 billion] and, at the same time, the decrease

Hal ini membuat rasio Beban Pokok Penjualan terhadap

of Cost of Goods Sold [from Rp5.23 billion to Rp5.05 billion].

pendapatan toll-in manufacturing mengalami penurunan

This made the ratio of Cost of Goods Sold to revenue from

yang cukup berarti, yaitu dari 33,9% menjadi 30,9%.

the toll-in manufacturing signiicantly decrease, i.e. from 33.9% to 30.9%.

Upaya lain yang terus dilakukan untuk meningkatkan kinerja operasi Perseroan adalah peningkatan manajemen

Other efforts made to continuously enhance the Company's

material, termasuk logistik dan procurement, sehingga

operating performance were improvements on material

terjadi penghematan biaya. Di sisi lain, Perseroan juga

management, including logistics and procurement, that

terus melakukan peningkatan portofolio penjualan produk

enhance cost-eficiency. On the other hand, the Company

melalui pendekatan yang rasional terhadap produk yang

also continued to make improvements on its product sales

memberikan margin negatif atau terlalu rendah dan

portfolio through rational approaches toward products that

peluncuran berbagai produk baru, terutama OND yang

gave negative or low margin and the launch of a new range

memiliki peluang pasar besar, secara regular. Untuk itu,

of products, especially the OND which had huge potential

Perseroan tak segan menggandeng mitra dari mancanegara

market, regularly. To achieve the goal, the Company among

yang memiliki teknologi dan paten andal.

others would make alliances with international partners that own technology and other patents.

Pada 2011, Phapros meluncurkan 16 item produk baru, enam di antaranya adalah OND. Untuk 2012, Perseroan berencana

In 2011, Phapros launched 16 item of new products, among

meluncurkan 14 item produk baru, enam di antaranya

them six were OND. For 2012, Phapros plans to launch

OND. Guna mendapatkan portofolio produk yang lebih

14 item of new products, among them six will be OND

menguntungkan, Perseroan juga akan melakukan perampingan

products. To develop more proitable product portfolio,

terhadap produk-produk yang memasuki tahap akhir siklus

the Company will also make streamlining on product lines

hidupnya dan tak dapat lagi direvitalisasi sehingga tak memenuhi

that have been in the end phase of their life cycles and

skala ekonomi minimal. Dengan peningkatan portofolio penjualan

cannot be revitalized anymore to meet minimal economic

produk secara berkelanjutan ini, pangsa produk yang diharapkan

scale. With the continuous improvement of product sales

menjadi proit generator di masa mendatang akan lebih besar.

portfolio, the share of products expected to be the proit generator of the future would be higher.

Guna memperkuat struktur keuangan Perseroan, Phapros terus memperkuat permodalannya. Pada 2011, Perseroan

To strengthen the Company's inancial structure, Phapros

meningkatkan ekuitasnya dari Rp305,81 miliar jadi Rp339,17

continuously strengthen its capital base. In 2011, the

miliar—sebuah peningkatan yang cukup tinggi: 10,9%.

Company increased its equity from Rp305.81 billion to Rp339.17 billion—a quite high increase: 10.9%.

Upaya terpadu yang dilakukan tersebut diharapkan akan membuat pertumbuhan bottom line Phapros di masa depan

With the integrated efforts, it is expected that Phapros

terus terjaga. Pertumbuhan Laba Bersih yang terjaga pada

could continuously boost the growth of its bottom line.

gilirannya akan menunjang pengembangan berkelanjutan

The excellent growth of Net Income would in turn support

kinerja jangka panjang, antara lain melalui peningkatan

sustainable improvement of long-term performance, among

investasi dari Saldo Laba yang semakin besar.

others through higher investments from Retained Earnings.


49

Hubungan dengan Pelanggan Customer Relations Memperluas Basis Pelanggan

Broadening Business Networks

JEJARING YANG LUAS dan kuat dengan beragam mitra

VAST AND STRONG network with various business

bisnis, itulah salah satu kunci sukses sebuah perusahaan.

partners is a key factor for a company to achieve success.

Guna memperluas basis pelanggan—mitra bisnis terpenting

To broaden its customer base—Phapros’ most important

Phapros—Perseroan melakukan upaya terintegrasi, mulai

business partner—the Company makes integrated efforts,

dari penerapan kebijakan pricing yang tepat sampai

from implementation of appropriate pricing policy to

peningkatan layanan pelanggan secara berkesinambung.

continuous improvement of customer service.

Pendekatan inilah agaknya yang telah memungkinkan

The integrated efforts allowed Phapros in 2011 to

Phapros pada 2011 meningkatkan Laba Bersih, walau

increase its Net Income, despite some challenges. The

menghadapi sejumlah kendala. Pendekatan terpadu yang

integrated efforts were certainly also positively affected

telah dilakukan diperlukan pula untuk menjaga pertumbuhan

the Company’s long-term growth.

jangka panjang Perseroan. In Phapros, continuous improvement on business

50

Di Phapros, peningkatan kinerja secara berkesinambungan

performance was largely achieved through the

terutama dilakukan melalui pengembangan portofolio penjualan

development of more balanced product sales portfolio, and

produk yang lebih seimbang, bukan peningkatan Penjualan

not merely efforts to increase Net Sales or sales volume.

Bersih atau volume penjualan semata. Selain itu, Perseroan juga

In addition, the Company also makes serious efforts to

terus meningkatkan “fee-based revenue” dalam bentuk toll-in

continuously increase "fee-based revenue" in for of toll-in

manufacturing untuk produk-produk bernilai tinggi.

manufacturing of high value products.

Pada 2011, upaya pengembangan portofolio penjualan produk yang

In 2011, improvement efforts on product sales portfolio

dilakukan telah meningkatkan proporsi Penjualan Bersih produk

increased the proportion of the Net Sales of both Branded

Branded Ethical maupun OTC yang secara umum menjanjikan

Ethical and OTC products that usually command higher

margin lebih tinggi, yaitu masing-masing dari 16,1% dan 32,3%

margin, i.e. from 16.1% and 32.3% to 16.7% and 33,7%,

menjadi 16,7% dan 33,7%. Untuk toll-in manufacturing, walau

respectively. For toll-in manufacturing, although its

proporsinya sedikit menurun, dari 3,6% menjadi 3,5%, nilainya

proportion slightly lowered, from 3.6% to 3.5%, its value

secara nominal mengalami peningkatan cukup menggembirakan,

experienced increased nominally, 5.9%, from Rp15.45 billion

5,9%, dari Rp15,45 miliar menjadi Rp16,36 miliar.

to Rp16.36 billion.

Peningkatan portofolio OGB lebih menggembirakan karena

The improvement of OGB portfolio was more encouraging,

bukan hanya bersifat kuantitatif, namun juga kualitatif. Secara

since it was not only quantitative in nature, but also

kuantitatif, pada 2011 Penjualan Bersih OGB meningkat dari

qualitative. Quantitatively, in 2011 the net sales of OGB

Rp207,72 miliar menjadi Rp217,40 miliar. Sementara itu, secara

increased from Rp207.72 billion to Rp217.40 billion.

kualitatif rasio Beban Pokok Penjualan terhadap Penjualan

Meanwhile, qualitatively the ratio of Cost of Goods Sold to

Bersih OGB menurun dari 27,7% menjadi 27,0%, sehingga

the Net sales of OGB decreased from 27.7% to 27.0%,

margin kotornya meningkat dari 72,3% menjadi 73,0%.

allowing its gross margin to increase from 72.3% to 73.0%.

Dari sisi biaya, peningkatan biaya promosi, terutama

From expenses point of view, the increase on promotion

untuk produk OTC dan Agromed, secara tak langsung

expenses, particularly for OTC and Agromed products,

menunjukkan upaya perluasan pasar secara kualitatif

indirectly showed the Company's qualitative market

yang dilakukan Phapros. Untuk produk OTC, pada 2011

expansion efforts. For OTC products, in 2011 the

peningkatan promosi difokuskan pada Antimo, Livron B Plex

promotion was focused to Antimo, Livron B Plex and

dan Minyak Kayu Putih Antimo. Produk andalan lain yang

Minyak Kayu Putih Antimo. Other championed products that


Produk OTC Andalan Phapros. Pada 2011, Phapros menambah Antimo Anak Strawberry Sachet ke dalam jajaran produk over the counter [OTC] andalan Perseroan.

Phapros' Championed OTC Products. In 2011, Phapros added Antimo Anak Strawberry Sachet into the Company's championed over the counter [OTC] products.

mendapat biaya promosi yang tinggi adalah Supralivron dan

also got quite big promotion funding were Supralivron and

produk-produk Agromed.

Agromed products.

Promosi yang dilakukan terhadap produk OTC dapat diharapkan

Promotions on OTC products generally give long-lasting

akan memberikan efek positif yang berkelanjutan. Dengan demikian,

positive effects. Therefore, sales of Antimo, Livron B Plex,

penjualan Antimo, Livron B Plex, Supralivron, produk Agromed dan

Supralivron, some Agromed as well as other Phapros' non-

produk non-resep Phapros lainnya dapat diharapkan akan

prescription products could be expected to remain high in

tetap tinggi pada tahun-tahun mendatang walau Perseroan

the years to come although the Company might make no

tidak lagi memberikan tambahan biaya promosi yang berarti.

signiicant increase in their promotion expense.

Upaya peningkatan kinerja secara berkesinambungan lainnya

The other continuous improvement efforts that might

yang sekaligus dapat memperluas basis pelanggan adalah

also broadening the Company's customers base is by

penambahan jenis produk, terutama OND yang memberikan

offering more products, particularly OND that command

margin lebih tinggi. Pengembangan portofolio penjualan

higher margin. The improvement of product sales portfolio

produk melalui pengembangan produk baru ini memerlukan

through the development of new products requires efforts

upaya yang terkait dengan peningkatan proses bisnis yang

that are needed to improve broader business process—

lebih luas—mulai dari penelitian dan pengembangan [R&D]

from research and development [R&D] and production

dan produksi sampai ke pemasaran. Pendekatan ini juga

to marketing. The approach also requires much harder

memerlukan upaya pemasaran yang lebih keras untuk

marketing efforts to create, not just increase, market

menciptakan, bukan sekadar meningkatkan, permintaan.

demands.

Pada 2011, Perseroan meluncurkan enam item produk

In 2011, Phapros launched six item of OND comprised of

OND yang terdiri dari tiga Branded Ethical [Ristonal tablet,

three Branded Ethical [Ristonal tablet, Phinev injection, Vitka

Phinev injeksi, Vitka Infant injeksi, Saltam 2 tablet, Saltam 4

Infant injection, Saltam 2 tablet, Saltam 4 tablet] and one

tablet] dan satu OTC [Antimo Anak Strawberry Sachet], serta

OTC [Antimo Anak Strawberry Sachet], as well as 10 item

10 item OGB [termasuk FDC 2 Kid Tablet dan FDC 3 Kid

of OGB [including FDC 2 Kid Tablet and FDC 3 Kid Tablet].

Tablet]. Selain itu, Perseroan juga mempersiapkan 14 item

In addition, the Company also made ready 14 other new

produk baru lainnya, enam di antaranya produk OND, yang

products, among them six were OND, that will be launched

akan diluncurkan secara bertahap pada 2012—semuanya

throughout 2012—all with production quality complying

dengan kualitas produksi sesuai standar cGMP [Current-Good

cGMP [Current-Good Manufacturing Practice] standard.

Manufacturing Practice]. Penyediaan produk baru ini, terutama

The new products, especially those of own-brand [OND],

yang dengan nama dagang [OND], diharapkan akan menjadi

are expected to become powerful proit generator within

proit generator yang kuat dalam struktur bisnis Phapros,

Phapros’ business structure, making us better able to

mendukung pencapaian tujuan jangka panjang Perseroan.

achieve the Company’s long-term goals.

Secara umum, untuk memenuhi kebutuhan masyarakat

In general, to satisfy highly varied customer needs,

yang beragam, Phapros tidak hanya mengupayakan produk

Phapros does not merely strive to offer the best, complete

kesehatan yang lengkap dengan kualitas terbaik, tetapi

pharmaceutical product ranges but also provides

menyediakan pula pelayanan informasi kesehatan yang terkait

information services in health sector associated with our

dengan produk yang dihasilkan Perusahaan. Guna memberikan

products. To provide better services to our customers

pelayanan yang lebih baik kepada para pelanggan yang

that widely scattered throughout the Archipelago, in 2011


51

Produk Branded Ethical Andalan Phapros. Pada 2011, Phapros menambah Phinev, Vitka Infant, Saltam 2, Saltam 4 dan Ristonat ke dalam jajaran produk Branded Ethical andalan masa depan.

Phapros' Championed Branded Ethical Products. In 2011, Phapros added Phinev, Vitka Infant, Saltam 2, Saltam 4 and Ristonat into the Company's future championed Branded Ethical.

tersebar luas di seluruh Nusantara, pada 2011 Phapros terus

Phapros continuously improved its human resources,

memperkuat barisan sumberdaya manusia. Pendidikan dan

particularly in marketing. Various training and educations

pelatihan terus dilakukan secara intensif, teamwok dan rasa

were provided rigorously, teamwork and team spirit were

kebersamaan terus diperkuat, sistem insentif disempurnakan.

strengthened, incentive-payment system was improved.

Dengan kata lain, Perseroan terus melakukan konsolidasi

In short, the Company continuously consolidated its

dan peningkatan kepuasan karyawan yang merupakan

workforce and improved satisfaction of its internal

pelanggan internal. Pelanggan internal yang solid dan

customers—Phapros’ people. Solid, satisied internal

terpuaskan, pada gilirannya, tentu akan meningkatkan

customers would, in turn, happily increase external

kepuasan pelanggan eksternal.

customers’ satisfaction.

Produk yang Diluncurkan pada 2011 Products Launched in 2011 Branded Ethical • Phinev Injeksi • Vitka Infant Injeksi • Saltam 2 Tablet • Saltam 4 Tablet • Ristonal Tablet

52


Over the Counter [OTC] Drugs • Antimo Anak Strawberry Sachet

Generic Drugs [OGB] • FDC 2 Kid Tablet • FDC 3 Kid Tablet • Ranitidine Injeksi • Ketoconazole Cream 2%, 10 gram • Ketoconazole Cream 2%, 15 gram • Ambroxol Tablet • Phytomenadion Injeksi • Dextrometorphan Tablet • Salbutamol 2 Tablet • Salbutamol 4 Tablet

Pertumbuhan dan Pembelajaran Learning and Growth Upaya Terpadu Mempertajam Daya Saing

Integrated Efforts to Sharpen Competitiveness

DALAM PERSAINGAN bisnis yang ketat, kesiapan

IN THE ENVIRONMENT of highly tight business

menghadapi perubahan pasar yang cepat merupakan kunci

competition, readiness to weather rapidly changing market

daya saing. Manajemen Phapros menyadari paradigma ini.

is the key to competitiveness. Phapros' Management

Kenyataannya, Perseroan telah memulai proses perubahan

highly aware of the paradigm. In fact, the Company has

dan peningkatan yang terarah untuk mencapai Visi dan Misi

started its well-planned improvement process to achieve

Perseroan sejak 2002.

the current Corporate Vision and Mission since 2002.

Upaya eisiensi yang didukung dengan peningkatan

The eficiency improvement coupled with integrated

sumberdaya manusia [SDM] secara terpadu telah

improvement efforts on human resources [HR] allowed the

memungkinkan Perseroan terus membukukan pertumbuhan

Company to achieve positive business growth, despite

bisnis yang positif, walau menghadapi berbagai kendala.

some challenges. Continuous improvement on product

Peningkatan portofolio produk berkelanjutan—yang ditandai

sales portfolio—that is indicated by the increasingly higher

dengan semakin besarnya proporsi Penjualan Bersih

proportion of the OND Net Sales, impressive growth of the

OND, pertumbuhan mengesankan “fee-based revenue”,

“fee-based revenue”, and well-maintained OGB's margin—is

dan terjaganya margin OGB—merupakan bukti lain dari

another evidence of the successful strategy taken by the

keberhasilan strategi yang diayun Perseroan.

Company.

Untuk mendapatkan pertumbuhan Laba Bersih yang tinggi,

To achieve the high Net Income, like in the preceding year,

sejak 2007 Perseroan telah memprioritaskan produk-produk

since 2007 the Company has been prioritizing products

yang memberikan margin lebih tinggi. Guna menciptakan

that give higher margin. To create engine of growth of

mesin pertumbuhan masa depan, Perseroan juga terus

the future, the Company also continues to develop new

mengembangkan produk baru, terutama OND yang menjanjikan

products, particularly the OND that command higher margin.

margin lebih tinggi. Peluncuran produk andalan baru yang lebih

The launching of more varied new champion products

beragam ini tentu saja harus dibarengi dengan upaya menciptakan

certainly has to be supported by serious efforts to create

permintaan, termasuk melalui akuisisi pelanggan baru.

demands, including by acquiring new customers.

Buat menciptakan produk andalan baru, seperti yang telah

To develop new champion product[s], as it has been

terbukti di masa lalu, Phapros dapat menggandeng mitra baru

practiced in the past, Phapros may take new partner[s]

yang memiliki teknologi yang diperlukan untuk pengembangan

possessing needed technology for the Company's

jangka panjang Perseroan. Selama ini Phapros telah

long-term development. So far, Phapros has been

membuktikan diri mampu menempatkan diri sebagai mitra

proving itself a trusted partner to international companies

terpercaya perusahaan pemilik teknologi dari mancanegara.

possessing technology. In fact, some big names among

Kenyataannya, beberapa nama besar di industri farmasi

global pharmaceutical companies, including Boehringer &

global, termasuk Boehringer & Soeche GmbH [Jerman] dan

Soeche GmbH [Germany] and Lederle Division of American

Lederle Division dari American Cyanamide, telah menjadi

Cyanamide, have been Phapros’ strategic partner for

mitra strategis Perseroan selama hampir tiga dasawarsa.

almost three decades.

Dengan kemitraan strategis ini tak jarang Phapros berhasil

Through such strategic partnership, often Phapros

meluncurkan produk yang merupakan perintis dalam

successfully launches products that are pioneers in

kategorinya, atau memberikan alternatif yang lebih baik

their categories, or offers better alternatives than similar

dari produk serupa yang telah beredar di Indonesia—dan

products that have already marketed in Indonesia—and

dengan harga yang lebih terjangkau dibanding kalau harus

with signiicantly lower price than their imported version.

diimpor. Contoh produk yang memungkinkan masyarakat

Among examples of the products that allow consumers


53

mendapat akses terhadap obat yang memberikan manfaat

to have access to medicines that offer more beneits are

lebih ini adalah Tebokan dan Kolkatriol, yang masing-

Tebokan and Kolkatriol, which were developed through

masing merupakan buah dari kemitraan dengan Schwabe

partnership with Schwabe [since 1995] and Wisconsin

[sejak 1995] dan Wisconsin Alumni Research Foundation

Alumni Research Foundation [WARF, since 1997],

[WARF, sejak 1997] serta Mictornorm tablet, obat urologis

respectively, as well as Mictornorm tablet, the world

terkemuka dunia yang dilisensi dari Apogepha Arzneimittel

leading urologic drug licensed from Apogepha Arzneimittel

GmbH, Jerman [sejak 2009].

GmbH, Germany [since 2009].

Mitra Strategis Phapros Phapros' Strategic Partners Perusahaan | Company

Sejak | Since

CF. Boehringer & Soeche GmbH, Germany American Cyanamide, Lederle Division, USA Lekj Ljubljana, Slovenia Trenka, Austria Schwabe, Germany

54

1960 1975 1987 1990 1995

Perusahaan | Company WARF, USA Shanghai Colorcon, USA - China Apogepha Arzneimittel GmbH, Germany Bilim Pharmaceutical, Turkey DSM Nutritional, the Netherland

Upaya jangka panjang lain yang dilakukan Phapros, selain

Other effort for long-term growth, in addition to renewing

pembaharuan Visi dan Misi Perusahaan, adalah penanaman

Corporate Vision and Mission, was nurturing Corporate

Corporate Values: SPIRIT. Inilah nilai inti yang disarikan dari

Values: SPIRIT. This is core values formulated from values

nilai-nilai yang berkembang sepanjang beberapa dasawarsa

developed throughout Phapros' nearly six-decade of

sejarah bisnis Phapros—enam nilai dasar yang berorientasi

business history—six basic values that are both customers

kepada pelanggan dan pada hasil, tanpa meninggalkan

oriented and result-oriented, while still maintains business

kehati-hatian dan etika bisnis, sesuai prinsip-prinsip

ethics and prudence approaches, in accordance with

Tatakelola Perusahaan yang Baik.

Good Corporate Governance principles.

Guna meningkatkan sumberdaya manusia [SDM]

To improve its human resources [HR] which is Phapros'

yang merupakan aset terpenting, Perseroan tak segan

most important asset, the Company does not hesitate to

menanam investasi besar dalam bentuk pendidikan dan

make big investment in form of continuous training and

pelatihan berkelanjutan. Berbagai kegiatan juga diciptakan

education. The Company also creates various activities to

untuk memperkuat teamwork. Pada 2011, Perseroan

improve teamwork. In 2011, the Company spent Rp1.1

membelanjakan Rp1,1 miliar untuk pendidikan dan latihan.

billion for training and education.

Untuk memelihara dan menciptakan lingkungan kerja yang

Phapros also strives to create highly conducive work

kondusif, Perseroan menerapkan prinsip-prinsip Competency-

environment through development of Competency-

Based Organization. Selain itu, guna meningkatkan motivasi

Based Organization. In addition, to boost morale, the

kerja, tak lupa Manajemen memperbaiki tingkat gaji dan

management improved compensation and beneit

kesejahteraan karyawan. Pada 2011, besaran Beban Umum

packages to employees. The fact that, in 2011 General

dan Administrasi yang meningkat 7,2% [dari Rp52,93

and Administration Expenses increased by 7.2% [from

miliar menjadi Rp56,72 miliar] di tengah kenaikan Jumlah

Rp52.93 billion to Rp56.72 billion] amid a mere 1.3%

Karyawan yang hanya 1,3% [dari 1.092 menjadi 1.106

increase of Total Employees [from 1.092 to 1.106

personel] secara tidak langsung menunjukkan peningkatan

personnel] indirectly showed the improvement of our

kesejahteraan karyawan Perseroan.

employees’ welfare.


Sejak | Since 1997 2004 2005 2007 2008

Di sisi lain, untuk memberikan tantangan kepada seluruh

On the other hand, to pose a challenge to the Company’s

jajaran Perseroan, Manajemen menetapkan target

employees at all levels, the Management sets high target

peningkatan kinerja usaha yang tinggi. Buat mencapai target

on inancial performance. To achieve the target, the

yang tak mudah ini, Manajemen memberikan kebebasan

Management provides enough room for managers in all

yang cukup besar bagi para manajer di semua bagian dan

departments to improve and innovate. The transparent

tingkatan untuk melakukan inovasi. Sistem reward and

system of reward and punishment is implemented

punishment yang jelas ini berlaku untuk seluruh karyawan

company-wide, not only in marketing and production

dari semua bagian, bukan hanya pemasaran dan produksi.

departments.

Komposisi Sumber Daya Manusia Phapros Composition of Phapros' Human Resources Departemen Pemasaran Non-pemasaran Sub-jumlah Jumlah

2011

2010

Department

Operational

Non-ops

Operational

Non-ops

490 511

51 54

464 504

77 47

Marketing Non-marketing

105

968

124

Sub-total

1.001 1.106

Total

1.092

Dalam hal komposisi SDM, pada 2011 Perseroan berhasil

In term of human resources composition, in 2011 the

menjaga rasio karyawan operasional terhadap karyawan total

Company continued to maintain the ratio of operational

tetap tinggi, di atas 90%, walau terjadi sedikit penambahan

employees to total employees remained high, above 90%,

jumlah karyawan. Dengan demikian, Manajemen tetap

although it made small recruitments. The Management

ramping dan memiliki lapisan hirarki yang tipis.

therefore remains slim, with thin hierarchy layers.

Upaya lain untuk mempertajam daya saing adalah membawa

Other efforts to sharpen competitiveness were to make

Phapros untuk semakin berorientasi pasar. Langkah paling

the Company to be more and more market oriented. One

nyata yang diayun Perseroan adalah penyeimbangan strategi

of the real action the Company take is strategy shift from

antara yang bersifat product pull [mengutamakan peluncuran

the product pull one [that emphasize launching of new

produk-produk baru] dan yang lebih market push.

products] to the one that is more market push in nature.

Peluncuran produk yang sangat terpilih, dan disertai upaya

Launching of limited and carefully selected new products is

akuisisi pelanggan baru, merupakan perwujudan strategi ini.

the realization of the strategy shift.

Pada 2011, upaya peningkatan portofolio penjualan produk

In 2011, the efforts to improve product sales portfolio

melalui pengembangan produk baru yang lebih beragam

through the development of more diverse new products

dipertegas dengan peluncuran Vitka Infant injeksi yang, sebagai

were reafirmed with the launch of Vitka Infant injection that,

obat pediatrik, melengkapi secara komplementer Anemolat

as a pediatric drug, would complement Anemolat tablet,

tablet, antianemia untuk ibu hamil, yang diluncurkan pada

antianemia for pregnant women, that has been unveiled in

tahun sebelumnya. Sementara itu, peluncuran Saltam 2 dan

the preceding year. Meanwhile, the launch of Saltam 2 and

Saltam 4 tablet [anti-asma] serta Amboxol tablet [secretolytic

Saltam 4 tablets [anti-asthmatic] as well as Amboxol tablet

agent] memperluas ragam produk yang ditawarkan untuk

[secretolytic agent] expanded the range of products offered

pengobatan penyakit sauran pernafasan yang memiliki

for treatment of respiratory tract diseases which have high

prevalensi tinggi di negara berkembang semacam Indonesia.

prevalence in such developing countries as Indonesia.


55

Peluncuran Risonat tablet dapat pula memperkokoh posisi

Company's position that has been well known for its

dan Kolkatriol F di kategori obat yang mempengaruhi

Kolkatriol and Kolkatriol F in the category of drugs affecting

metabolosme tulang. Di sisi lain, peluncuran Antimo

bone metabolism. The launch of Antimo Anak Strawberry

Anak Strawberry Sachet menunjukkan tekad kuat untuk

Sachet, on n the other hand, showed the Company's

mempertahankan dominasi Perseroan di kategori obat yang

determination to maintain the Company's dominant position

dimaksudkan untuk meningkatkan kenyamanan perjalanan.

in the category of travel convenience drugs.

Terkait produk OTC, pada 2011 Phapros meluncurkan

Regarding the OTC products, in 2011 Phapros launched

berbagai event untuk meningkatkan brand awareness

various events to increase brand awareness on the

terhadap produk Perseroan yang dapat dijajakan tanpa resep

Company’s non-prescription drugs, particularly Antimo and

dokter tersebut, terutama Antimo dan multivitamin [Livron

multivitamins [Livron B. Plex, Supralivron]. Intensiied since

B. Plex, Supralivron] yang menjadi andalan. Diintensifkan

2007, the activities aimed to increase brand equity were

sejak 2007, upaya pemasaran ini terbukti memberikan hasil

proved to give the Company quite impressive results.

yang mengesankan. Pada 2011, Penjualan Bersih produk

In 2011, the Company's Net Sales on its OTC products

OTC Perseroan meningkat secara berarti, 11,1%, menjadi

increased signiicantly, by 11.1%, to Rp78.42 billion from


Rp69.95 billion in the preceding year.

Yang lebih menggembirakan, peningkatan ekuitas merek

The more encouraging thing is, the increase on the brand

produk OTC dapat diharapkan akan memberikan peningkatan

equity of OTC products can be expected to result in a

penjualan yang lebih berkelanjutan. Di antara produk OTC

quite long-lasting sales increase. Among the Company's

Perseroan tersebut, yang pada 2011 memberikan peningkatan

OTC products, the ones that in 2011 showed the highest

penjualan paling tinggi secara nominal adalah Antimo

increase nominally were Antimo [Rp4.99 billion, from

[Rp4,99 miliar, dari Rp45,80 miliar menjadi Rp50,79 miliar].

Rp45.80 billion to Rp50.79 billion].

Di sisi lain, peningkatan Bersih Penjualan produk Branded

On the other hand, the sales increase of Branded Ethical

Ethical yang lebih tinggi, 13,1%, menunjukkan bahwa

products that was higher, 13.1%, indicated that trust of the

kepercayaan kalangan medis di Tanah Air kepada Phapros

Country's medical community toward Phapros has been

sebagai mitra semakin tinggi. Di antara Branded Ethical ,

higher. Among Branded Ethical, the Company's products

produk Perseroan yang pada 2011 penjualan bersihnya

of which their net sales recorded the highest increase in

meningkat paling tinggi adalah Pehacain injeksi [Rp3,59 miliar,

2011 were Pehacain injection [Rp3.59 billion, from Rp8.25

dari Rp8,25 miliar menjadi Rp11,84 miliar] dan Kolkatriol

billion to Rp11.84 billion] and Kolkatriol [Rp2.97 billion, from

[Rp2,97 miliar, dari Rp9,76 miliar menjadi Rp12,73 miliar].

Rp9.76 billion to Rp12.73 billion].

Dalam hal manajemen yang lebih luas, Perseroan terus

In term of management in general, Phapros continuously

menyempurnakan mekanisme Tatakelola Perusahaan yang

improved the mechanism of Good Corporate Governance

Baik [GCG]. Upaya untuk terus meningkatkan praktek

[GCG]. The endeavor to continuously improve the

bisnis Perseroan yang prudent ini dapat diharapkan akan

Company's prudent business practice is expected to make

lebih mengarahkan Phapros untuk mencapai tujuan jangka

Phapros better able in achieving its long-term goals that

panjangnya, seperti yang tersurat dalam Visi dan Misi

are stated in its Corporate Vision and Mission.

Perseroan.

56

The launch of Ristonat tablet mght also strengthen the

Perseroan yang telah dikenal sebagai produsen Kolkatriol


Laporan Auditor 2011 Auditor’s Report for 2011


57

58


SURAT PERNYATAAN DIREKSI / DIRECTORS STATEMENT LETTER TENTANG / REGARDING TA N G G U N G J AWA B ATA S L A P O R A N K E U A N G A N RE S P O NS I BI L I T Y O F F I NANCI AL S TAT E ME NT S UNT UK TAHUN YANG BE RAKHI R PADA TANG G AL 31 DE S E MBE R 2011 D AN 2010 F O R T HE Y E ARS E NDE D DE CE MBE R 31, 2011 AND 2010 P T. P H A P R O S , T B K

Kami yang bertandatangan di bawah ini / We, the undersigned: 1.

Nama / Name Alamat Kantor / Office Address Alamat Domisili / Domicile Nomor Telepon / Phone Number Jabatan / Position

: : : : :

Drs. Erlangga Tri Putranto, Akt. Jl. Denpasar Raya Kav. DIII Kuningan, Jakarta Perum. Asri Perdana F1 No.1 Banyumanik, Semarang 021-5276263 Direktur Utama / President Director

2.

Nama / Name Alamat Kantor / Office Address Alamat Domisili / Domicile

: : :

Nomor Telepon / Phone Number Jabatan / Position

: :

Drs. Sutiyono, S.E. Jl. Simongan 131 Semarang Jl. Parangtritis Raya No 45 RT 005/ RW 010 kel Sepanjang Jaya Kec Rawa Lumbu Bekasi 024-7607330 Direktur Keuangan / Finance Director

Menyatakan bahwa / state that : 1. Bertanggung jawab atas penyusunan dan penyajian laporan keuangan; We are responsible for the preparation and the presentation of inancial statements; 2. Laporan keuangan perusahaan telah disusun dan disajikan sesuai dengan Standar Akuntansi Keuangan di Indonesia; The Company's financial statements have been prepared and presented in accordance with Indonesian Financial Accounting Standards; a. Semua informasi dalam laporan keuangan telah dimuat secara lengkap dan benar; All information in inancial statements is complete and truthfull manner; b. Laporan keuangan perusahaan tidak mengandung informasi atau fakta material yang tidak benar, dan tidak menghilangkan informasi atau fakta material; Financial statements do not contain misleading material information or facts, and do not omit material information or facts; 3. Bertanggung jawab atas sistem pengendalian intern dalam perusahaan; Responsible for the company's internal control system; Demikian pernyataan ini dibuat dengan sebenarnya. / This statement is made truthfully. Semarang, 17 Pebruari 2012 / February 17 , 2012 Direktur Utama / President Director

Drs. Erlangga Tri Putranto, Akt

Direktur Keuangan / Finance Director

Sutiyono, SE.


59

Daftar Isi l Index Laporan Auditor Independen 1

| Independent Auditor’s Report Neraca per 31 Desember 2011 dan 2010

3

| Balance Sheet as of December 31, 2011 and 2010 Laporan Laba - Rugi per 31 Desember 2011 dan 2010

5

| Income Statements as of December 31, 2011 and 2010 Laporan Perubahan Ekuitas per 31 Desember 2011 dan 2010

6

| Statements of Changes in Equity as of December 31, 2011 and 2010 Laporan Arus Kas per 31 Desember 2011 dan 2010

7

| Statements of Cash Flow as of December 31, 2011 and 2010 Catatan atas Laporan Keuangan PT Phapros Tbk.

8

60

| Note to Financial Statements of PT Phapros Tbk.

1

2



     

 

      















 

 

 

 

     

       

       

       

           

 

 

 

 

  

              



                  

         

              

      

                      

 

 

 

                       









 

  

  

  

   









 

3



     

                                                

 

    



  

         

      

      

      

      



 

 

 











 

 

 

                  

  

    

    

    







  



 

4



     

 

 

 

 

 

 







 

 

  















        

        

       

 

 











 

 

   

         







     

                  

 

























 

5

6



    

                                   







   

         









    





  









            

      

              

  

  

  

  

  

  

      

     

  

     

  

 

   

     

     

     

     

 

               

     

    

 

 

   

   

    

   

   

   

   

     

    

    

     

      

     

     

      

  

  

  

  

 

7

     



                                                         

                                                                     

                                                                                                                                       

                                                                                                                                                

                                                                                                                                                                                              

                                                                                                                                                                                                                             

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8

                                             

                                   

                                                                                                                                                                                                           

                                                                                                                                                                                            

                                         

                                  

     

              

    

    

   



9

                                      

                                                

                  

           

   

  

                                

                                          

                                       

                                    

                                          

                                                    

                                                                                                                     

                                                                                         

                                     



10

     



                                              

                                                             

                       

                 

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                                                

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

                                                     



                             

                                     

                                                       

     

                                                        



                   



                      



11

    



 

                            

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

          



           

           

           



        



        

        



           

                  



                   

                         



                               

         





         



           

                                        



                                     

        



         

                  



                     



12

     

 



                                  



                                   



              



                     

 

 

        



                                              

                                                                                                                             

                                             

             

         

                                                                                                                                                                        



13

                       

                               

                       

      

                      

        

 

        

                            

                                



       

          



        

 



       





                                                                                               



                                 



             



         



14

           

                    

 

                          

 

                                    

                                  

                                                                                                                        

                                                                                                                                            

 



                                                     

                                                                    

                                               

                                                   

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   

                                   

                                   

 

 

                       

                     

 

 

                                                        

                                                               

                   

            

     

              

                                                                  

       

                                                                

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    

                                                      

                                                             

                                          

                                      

                                                

                                                      

        

          

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                                             

                                              



                     

                   



                     

                            



                       

                             



17

                       

                                                  

                                       

                                

                                                              

                                       

                       

                                     

               

                    

                                                    

                                                    



18

    



 

                                                                                   

                                                                                  

                                 

              

  

                                                                 

                                               

                                             



                                 



19

   

    

                                         

                                               

                                                

                                         

     

     

     

     



20

   



    

                 

                     

       

           

     

       

   

     

    

   

          

                 

        

          



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

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                              

                                

                             

                                  

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      

                          

                           

          

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                                                                                                          



               

                                                                                                    

                                    

                                   

                                    

                             

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                                                                                   

                                                                       

               

          

                                                        

   

   

 





      

    

                        

                                                             

      

                                                             



23

                    

                      

  

        

             

 

 

 

                                                                                                                 



        

                                                                      

                 

 





     

                 

  

    



24

     



                  

                      

  

           

                                      

  

       



           

       







  

   



       

                                  

                                   

                          

                              



25

     





       

             

       

     

       

         

     







 



 



















  

     

    

     

       

          







 









 











    

                    

     

      

         

     







 



 

 

 

 

 

           



26

   

     

                                         







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    

                

                  

               

             

                        

                    

               

         

                                             

                                                

                            

                                

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      

                     

                                    

           

   

   



                     

                                        

                                         

                                        

                                     

                                      

                             

                      

                 

                  

                   



28

      

  

 

            

  

 



         

 

        

          

 

  

  







               

        



     

  

              

      

     

     

 

 

  

                               

                                

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29

   

    

        

   

  

                     

      

     



          

             









     

    

                         

            

    

                    

      

               

      

         

            



30

        

           

                

                 

 

 

 

  

 

  









                

             

                  

             

             

     

    

    

     

 

 

 

 

    

     

   

    









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          

          

           

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

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

  

  

   

  

     

 

                                                                                                                                                                            

                                                                                                                                                                                                            

 



                    

                     

 





  

           

  



32

     



          

           

                                                   

                                    



                                   



                                      



                 



                    

                                                           

                                                                  



                                   

                                        



                 



  

    

                

                      

    



33

     



                         

                       





      

           

                  

 

    

   



      

      

   

   

 



          

     

 

    

   



                      

                               

               

                         



34

    

                        

       

                       

          

 

 

 

 

 

 

         













 

 

  

       

    







 

       

       

 

     



      

                 



    

 

                                

      





35

   

      



                                

         



                

                                                                             



                                                                                                                

 

 

     

           

                                                                                                                         

           



                



            

                                                              



36

     



                

         

          

          

 

   

  

       

 

 

 

           

         

                                                                                                                                              

   

      

                                                                                                                          

                      



37

     









  

  



         

         

         

         

                

                        

                

                   

               

  

 

                    

                 

                 



38

   

                        

 

 

                               

                        

                                                                               

           

                        

                                                                                                      



  

 

            

        

         



39

   

      

 

 

        

      

      

         

          

                                                     

                                                             

 







        



                           

             

           

          

     

                

 

 









40

                                  

 

                                     

                

 

   

          

  

 

  



    

                   

 

           

          

          



  



  



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     



  

                                                                                

                                                                                                                                                                     

 

                                                                                     

                                                                                                                                                                                                           

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    

                                                                      

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                                                                                      



                  



                        

                                                                                                 

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                  

                                                                                                         

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                                               

                                             

                                                          

                      

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                                                                   

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    

                                             

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                                                        

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                                                                                                     

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                                                                                                                        



                                        



                                                             



44

    

                                                                                                                                                                                                  



                                                                                                                                                                                            

                                                         

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                                                                                 

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                                        

                              

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                                                             

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                                                                

                        

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                              

                                                                                

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                                                                                                 

                                                                                            

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                                                                                          

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                                    

                                     



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                                         

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                                   

                               

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                           

 



           

               

                                

                                 

                                       

                                                       

 



           

           

                      

                    

                         

                         



47

    

                       



                          

      

 

 





 

 

  

                 

                                        

               

        

   

                                        

                  

        

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Data Perusahaan | Corporate Information

Kantor Pusat Pemasaran

Head Oice Marketing

Gedung RNI Lantai Dasar

Gedung RNI Lantai Dasar

Jalan Denpasar Raya Kav. D III, Kuningan


Jakarta 12950

Jakarta 12950

Telepon

[021]-527 6263

Telephone

[021]-527 6263

Faksimili

[021]-520 9381

Facsimile

[021]-520 9381

http://www.ptphapros.co.id

http://www.ptphapros.co.id

E-mail: [email protected]


Pabrik

Manufacturing Plant

Jalan Simongan 131

Jalan Simongan 131

Semarang 50148

Semarang 50148

PO Box 1233

PO Box 1233

Telepon

[024]-760 7330

Phone

Faksimili

[024]-760 5133

Facsimile [024]-760 5133

[024]-760 7330



Auditor

Auditor

HLB International — Hadori Sugiarto Adi & Rekan

HLB International — Hadori Sugiarto Adi & Rekan

Jalan Tegalsari Raya No. 53

Jalan Tegalsari Raya No. 53

Semarang 50251

Semarang 50251

Telepon

[024]-831 3906

Phone

Faksimili

[024]-844 6983

Facsimile [024]-844 6983

[024]-831 3906

Notaris

Auditor

Liani Dewi Sanjoto, S.H.

Liani Dewi Sanjoto, S.H.

Jalan Halmahera Raya No. 61

Jalan Halmahera Raya No. 61

Semarang

Semarang

Telepon

[024]-845 3124

Phone

Faksimile

[024]-845 2382

Facsimile [024]-845 2382

[024]-845 3124

Bank

Banker

Bank Mandiri

Bank Mandiri

Cabang Jakarta, Mega Kuningan

Jakarta, Mega Kuningan Branch

Gedung RNI, Lantai Dasar

RNI Building, Ground Floor



Jakarta 12950

Jakarta 12950

Komposisi Pemegang Saham Phapros 2011 Phapros' Shareholding Composition 2011 Pemegang Saham | Shareholder

64

Saham Ditempatkan & Disetor | Capital Stock Issued & Paid

Persentase | Percentage

Jumlah | Total

[Lembar | Share]

[%]

[Rp 000]

PT Rajawali Nusantara Indonesia Drs. Masrizal A. Syarief [Komisaris | Commissioner] Ir. Bambang Prijono Basoeki, M.Sc. Drs. Sugianto U. K., Akt. Drs. Iswanto, Apt., M.M. Lain-lain [masing-masing di bawah 5% | each below 5%]

47.521.556 3.738.130 69.250 15.000 9.450 32.646.614

56,57 4,45 0,08 0,02 0,01 38,87

23.760.778 1.869.065 34.625 7.500 4.725 16.323.307

Jumlah | Total

84.000.000

100,00

42.000.000


Produk Kami

I

Our Products

Over the Counter (OTC) Antimo Tablet • Antimo Anak Jeruk • Antimo Anak Strawberry • Antimo Minyak Kayu Putih 15 ml • Antimo Minyak Kayu Putih 30 ml • Antimo Minyak Kayu Putih 50 ml • Betafort Sirop • Bioneuron Tablet Salut Gula • Livron B Plex Tablet Salut Gula • Supra Livron • Noza Kaplet •

HERBAL

Fitogen Kapsul • Hemorogard Kapsul • Hepagard Kapsul • i-lex Kapsul • Ocugard Kapsul • Tensigard Kapsul • X-gra Kapsul •

ETHICAL

Amaropo Plus Kaplet Salut Selaput • Cardismo 20 mg Tablet • Cercul 125 mg Injeksi • Spirolacton 100 mg Tablet • Spirolacton 25 mg Tablet • Tebokan Tablet Salut Selaput • Corsona 0,5 mg Tablet • Diafac 500 mg Kaplet Salut Selaput • Droxefa 500 mg Kapsul • Geriavita Kaplet Salut Selaput • Hepagard Kapsul • Metaneuron Kaplet Salut Selaput • Nacolar 25 mg Tablet Salut Enterik • Nacolar 50 mg Tablet Salut Enterik • Ocugard Kapsul • Palentin 625 Kaplet Salut Selaput • Phadilon 4 mg Kaplet • Tebokan Spesial Tablet Salut Selaput • Hypobhac 100 mg Injeksi • Hypobhac 200 mg Injeksi • Kolkatriol 0,25 mcg Kapsul • Kolkatriol F 0,5 mcg Kapsul • Mictonorm Tablet Salut Gula • Osteotin Kapsul • Taxef 1 gr Injeksi • Trixon 1 gr Injeksi • Bioneuron Injeksi • Corsona 5 mg Injeksi • Hypobhac 25 mg Injeksi • Lactor 30 mg Injeksi • Palentin Sirop Kering • Pehamoxil 125 mg Sirop Kering • Phadilon 500 Injeksi • Proinfark 20 mg Injeksi • Kaloba Tablet Salut Selaput • Pehavask 10 mg Tablet • Pehavask 5 mg Tablet • Phadilon 125 mg Injeksi • Pladel 75 mg • Ristonat 35 mg Tablet Salut Selaput • Tebokan Forte 120 mg Tablet Salut Selaput • Becefort Kaplet Salut Selaput • Becefort Sirop • Bio ATP Kaplet Salut Selaput • Dextamine Tablet • Dextamine Sirop • Febrinex Suspensi • Fluocort N Cream • Grivin Forte Tablet • NB Topical Ointment • Pehacain Injeksi • Pehadoxin Forte Tablet • Pehadoxin Tablet • Dextrofen Sirop • Hustab P 4 mg Sirop • Hustab P 8 mg Tablet • Hustab Tablet • Pehachlor Tablet • Pehacort Tablet • Pehastan 500 mg Tablet Salut Selaput • Pehatrim Forte Kaplet • Pehatrim Suspensi • Pehatrim Tablet • Phaproxin 500 mg Tablet Salut Selaput • Vapril 12,5 mg Tablet • Vapril 25 mg Tablet • Phaminov 24 mg Injeksi • Phapin 1 gr Injeksi • Phinev 1 mg Injeksi • Saltam 2 mg Tablet • Saltam 4 mg Tablet • Vitka Infant 2 mg Injeksi • Visoprine Sirop • Visoprine 500 mg Tablet • Anemolat 1 mg Tablet • Dolsic 50 mg Injeksi • Hemafort Tablet Salut Gula • Padonil 5 mg Kaplet • Pehamoxil 1 gr Injeksi • Pehamoxil Forte 500 mg Kaplet • Pehatifen 1 mg Tablet • Pehatifen Sirop • Pehavral Tablet Salut Gula • Phalol 10 mg Tablet Salut Selaput •

GENERIK BERLOGO

Acetosal 100 mg Tablet Salut Selaput • Acetosal 500 mg Tablet Salut Selaput • Acyclovir 200 mg Tablet • Acyclovir 400 mg Tablet • Acyclovir 5% Krim • Albendazole 400 mg Tablet Salut Selaput • Ambroxol 30 mg Tablet • Aminophylline 24 mg Injeksi • Amlodipine 10 mg Tablet • Amlodipine 5 mg Tablet • Amoxicillin 1 gr Injeksi • Amoxicillin 125 mg Sirop Kering • Amoxicillin 250 mg Kapsul • Amoxicillin 250 mg Sirop Kering • Amoxicillin 500 mg Kaplet • Ampicillin 1 gr Injeksi • Ampicillin 125 mg Sirop Kering • Ampicillin 500 mg Kaplet • Antalgin 500 mg Kaplet • Antalgin 250 mg Injeksi • Anti Parkinson DOEN Tablet • Aqua Pro Injeksi • Asam Mefenamat 500mg Kaplet Salut Selaput • Betamethason 0,1% Krim • Betamethason 0,1% Krim • Benzatin Benzil P Injeksi • Benzatin Benzil P Injeksi • Ca Lactate 500 mg Tablet • Captopril 12,5 mg Tablet • Captopril 25 mg Tablet • Cefadroxil 500 mg Kapsul • Cefotaxime 1 gr Injeksi • Ceftriaxone 1 gr Injeksi • Cefpirome 1 g serbuk Injeksi • Chlorampenicol 250 mg Kapsul • Chlorampenicol 250 mg Kapsul • Chlorpheniramine 4 mg Tablet • Cimetidine 200 mg Tablet • Chlorpromazine 100 mg Tablet Salut Selaput • Chlorpromazine 25 mg Tablet Salut Selaput • Chlorpromazine 25 mg Injeksi • Chlorpromazine 5 mg Injeksi • Ciproloxacin 500 mg Kaplet Salut Selaput • Ciproloxacin 2 mg inf • Ceftazidim 1 gr Serbuk Injeksi • Clindamycin 150 mg Kapsul • Cotrimoksazole 480 mg Tablet • Cotrimoksazole Suspensi • Cotrimoksazole Pediatrik 120 mg Tablet • Dexamethasone 0,5 mg Tablet • Dexamethasone 5 mg Injeksi • Dextromethorphan Sirop • Dextromethorphan HBr 15 mg Tablet Salut Selaput • FDC 4 • Diazepam 2 mg Tablet • Diazepam 5 mg Tablet • Diphenhydramine HCl 10 mg Injeksi • Ekstrak Beladon 10 mg Tablet • Epinephrine 0,1% Injeksi • Folic Acid 1 mg Tablet • Gemibrozil 300 mg Kapsul • Glibenclamide 5 mg Tablet • Griseofulvin 125 mg Tablet • Hydrocortisone 2,5% Krim • Hydrocortisone 2,5% Krim • Ibuprofen 200 mg Tablet • Ibuprofen 400 mg Tablet • Ketoconazole 2% Krim • Ketoconazole 2% Krim • Ketorolac 10 mg Injeksi • Ketorolac 30 mg Injeksi • Lidocaine 2% Injeksi • Lincomycin 500 mg Kapsul • Metformin 500 mg Kaplet Salut Selaput • Methylprednisolone 125 mg Injeksi • Methylprednisolone 4 mg Kaplet • Methylprednisolone 500 mg Injeksi • Methisoprinol Sirop • Methisoprinol 500 mg Tablet • Metoclopramide HCl 10 mg Tablet • Metronidazol 250 mg Tablet • Stop TB Kategori I • Na Diklofenak 25 mg Tablet Salut Enterik • Na Diklofenak 50 mg Tablet Salut Enterik • Na Phenytoin 50 mg Injeksi • Nystatin Tablet Salut Gula • Nystatin Tav • Omeprazole 20 mg Kapsul • Oralit 200 Serbuk • Paket Stop TB OAT Anak • Paracetamol 120 mg Sirop • Paracetamol 100 mg Tablet • Paracetamol 500 mg Kaplet • Phenobarbital 50 mg Injeksi • Phenoxymethyl Penicillin 250 mg Tablet • Phenoxymethyl Penicillin 500 mg Tablet • Phenylbutazon 200 mg Tablet Salut Selaput • Phytomenadione 2 mg Injeksi • Phytomenadione 10 mg Tablet Salut Gula • Phytomenadione 10 mg Injeksi • Prazikuantel 600 mg Tablet • Prokain Benzil Penicillin Injeksi • Pyrantel 125 mg Tablet • Prednisone 5 mg Tablet • Primaquine 15 mg Tablet • Stop TB Kategori II • Ranitidin 25 mg Injeksi • Ranitidin 150 mg Tablet Salut Selaput • Tetracycline 500 mg Kapsul • Salbutamol 2 mg Tablet • Salbutamol 4 mg Tablet • Thiamphenicol 500 mg Kapsul • Vit.B1 100 mg Injeksi • Tetracycline 250 mg Kapsul • Vitamin C 250 mg Tablet • Vitamin C 50 mg Tablet •

LISENSI

• i-Flex Kapsul • Kaloba Tablet Salut Selaput • Kolkatriol Kapsul • Kolkatriol Forte Kapsul • Mictonorm Tablet Salut Gula • Pladel • Tebokan Tablet Salut Selaput • Tebokan Forte Tablet Salut Selaput • Tebokan Spesial Tablet Salut Selaput •


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Kantor Pusat Pemasaran

Pabrik

Gedung RNI Lantai Dasar Jalan Denpasar Raya Kav. D III, Kuningan Jakarta 12950 Telepon [021]-527 6263, 252 3820 Faksimili [021]-520 9381 http:ptphapros.co.id E-mail: [email protected]

Jalan Simongan 131 Semarang 50148 PO Box 1233 Telepon [024]-760 7330 Faksimili [024]-760 5133 E-mail: [email protected]


Laporan Tahunan PT Phapros Tbk 2011

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