FOR THE FUTURE GENERATION

LAPORAN TAHUNAN ANNUAL REPORT 2012

FOR THE FUTURE GENERATION

PT. INDO ACIDATAMA Tbk

2012

LAPORAN TAHUNAN

ANNUAL REPORT

Daftar Isi

Contents

Ikhtisar Data Keuangan Penting

2

Financial Highlights

Laporan Dewan Komisaris

4

Board of Commissioners’ Report

Laporan Direksi

6

Directors’ Report

Profil Perusahaan

9

Company Profile

Analisis & Pembahasan Manajemen 25 Tata Kelola Perusahaan 33

Management Analysis & Discussion Good Corporate Governance

Tanggung Jawab Sosial Perusahaan 43

Corporate Social Responsibility

Peryataan Manajemen Atas Laporan 45 Tahunan 2012

Management’s Statement on 2012 Annual Report

Laporan Akuntan 46

Auditors’ Report

Pertanian Agriculture

Peternakan Livestock

Perikanan Fishery

2012 Annual Report PT Indo Acidatama Tbk

1

Ikhtisar Data Keuangan Penting Financial Highlights

Aset Lancar | Current Assets Aset Tidak Lancar | Non Current Assets Jumlah Aset |Total Assets

Dalam Jutaan Rupiah Kecuali Data Saham In Million Rupiah Except Fort Stock Data 2012 2011 2010 306,887 259,288 248,342 95,222 101,894 115,662 402,109 361,182 364,004

Liabilitas Jangka Pendek | Current Liabilities Liabilitas Jangka Panjang | Non Current Liabilities Ekuitas | Equity Jumlah Liabilitas dan Ekuitas | Total Liabilities and Equity

111,511 21,394 269,204 402,109

81,670 27,272 252,240 361,182

102,457 33,295 228,252 364,004

Penjualan | Sales Laba Kotor | Gross Profit Laba Sebelum Pajak Penghasilan | Income Before Income Tax Laba Tahun Berjalan | Income For The Year Total Laba Komprehensif Tahun Berjalan | Total Comprehensive Income For The Year

384,145 81,336 25,761 16,956 16,964

387,354 87,606 33,811 23,988 23,988

342,870 67,832 14,181 9,830 9,830

2.82

3.98

1.63

21.17% 4.41% 6.30% 4.22%

22.62% 6.19% 9.51% 6.64%

19.78% 2.87% 4.31% 2.70%

275.21% 33.05% 49.37%

317.48% 30.16% 43.19%

242.39% 37.29% 59.47%

6,020,000,000 50

6,020,000,000 50

6,020,000,000 50

Laba Per Saham Dasar/Dilusian | Basic/Diluted Earnings Per Share RATIO USAHA | ACTIVITY RATIO Laba Kotor/Penjualan | Gross Profit/Sales Laba Tahun Berjalan/Penjualan | Income For The Year/Sales Laba Tahun Berjalan/Ekuitas | Income For The Year/Equity Laba Tahun Berjalan/Jumlah Aset | Income For The Year/Total Assets RATIO KEUANGAN | FINANCIAL RATIO Aset Lancar/Liabilitas Jangka Pendek | Current Ratio Jumlah Liabilitas/Jumlah Aset | Debt to Assets Ratio Jumlah Liabilitas/Ekuitas | Debt to Equity Ratio SAHAM | STOCK Jumlah Saham Beredar | Total Shares Nilai Nominal Saham | Nominal Value Per Share

2

Laporan Tahunan 2012 PT Indo Acidatama Tbk.

402 361

Total Aset

364

Total Assets

( Dalam milyar rupiah / Billion rupiah )

Laba Kotor

81

88 68

Gross Profit


Laba Sebelum Pajak Penghasilan

Income Before Income Tax

26

34 14


Total Penjualan

384

387 343

Total Sales


Laba Tahun Berjalan

Income For The Year


17

24 10


3

Laporan Dewan Komisaris Board Of Commissioners’ Report

4

Pemegang Saham yang terhormat,

Dear Shareholders,

Atas nama Dewan Komisaris, kami menyampaikan penghargaan kepada Para Pemegang Saham, yang telah memberikan dukungan dan kepercayaan kepada kami. Berkat kerja keras dan keuletan dari Direksi dan seluruh Karyawan maka Kinerja Perseroan pada tahun 2012 dapat dicapai hasil yang baik . Kinerja Perseroan tahun 2012 dan Rencana Perseroan tahun 2013 akan dibahas pada pembahasan berikut ini.

On behalf of the Board of Commissioners we express our appreciation to the shareholders, who have have supported and placed their in us. Thanks to hard work and tenacity of the Board of Directors and all the employees, the company could achieve good results in 2012. The company performance in 2012 and plans for 2013 will be discussed here.

Tahun 2012 merupakan tahun yang sulit bagi perekonomian global, hal ini tidak lepas akan mempengaruhi kondisi di Indonesia dan khususnya kinerja Perseroan. Namun ditengah krisis ekonomi global tahun 2012, Perseroan mampu bertahan sehingga tetap menghasilkan kinerja yang baik, walaupun mengalami penurunan dibanding tahun 2011. Laba tahun 2012 sebesar Rp 16,96 milyar mengalami penurunan sebesar Rp 7,03 milyar atau 29,30 % dibanding laba di tahun 2011 sebesar Rp 23,99 milyar. Perseroan mampu mempertahankan hasil yang baik ini berkat kerjasama dari Direksi dan seluruh Karyawan , yang telah menjadi tim yang kompak untuk mencapai hasil yang maksimal.

The year 2012 was a tough year for the global economy, however, it did not affect the condition in Indonesia and in particular the performance of the company. Amidst the global economic crisis in 2012, the company was able to post good performance, although a decline compared to the year 2011. Profit of Rp 16.96 billion in 2012, was lower by Rp 7.03 billion or 29.30% compared to profit of Rp 23.99 billion in 2011. The company was able to maintain these good results thanks to the team work of the Board of Directors and employees, who have become a good team to achieve maximum results.

Meningkatnya harga bahan baku (tetes tebu) pada tahun 2013 dan tidak adanya kenaikan harga penjualan, merupakan tantangan yang harus dihadapi oleh Perseroan. Dengan keyakinan yang kuat karena didasari oleh Tim yang kompak serta upaya-upaya yang telah dipersiapkan oleh Perseroan maka segala tantangan tersebut mampu dihadapi oleh Manajemen dan Tim. Kami Dewan Komisaris telah mengevaluasi semua yang telah disampaikan oleh Direksi dan mendukung sepenuhnya atas upaya-upaya yang telah direncanakan oleh Direksi.Itu sebabnya pada tahun 2013 mendatang kami berkeyakinan, bahwa apa yang menjadi tantangan dan kendala akan dapat dihadapi dan dilalui dengan baik.

Rising prices for raw materials (molasses) in 2013 and the absence of a increase in selling price is a challenge that must be faced by the company. Based on strong teamwork and sound planning, the company is capable of facing these challenges. We the Board of Commissioners have evaluated and completely support all plans prepared by the Board of Directors for 2013. We strongly believe that all challenges and obstacles will be successfully overcome.

Hasil yang dicapai tahun 2012 ini tidak lepas dari dukungan Komite Audit yang berada di bawah pengawasan Dewan Komisaris.Menjaga transparansi dan integritas Perseroan dalam menjalankan bisnis merupakan tugas utama yang telah dilaksanakan oleh Dewan Komisaris. Komite Audit yang diketuai oleh salah seorang Komisaris Independen telah melakukan usaha-usaha untuk memperkuat mekanisme kontrol internal. Selain itu Divisi Internal Audit yang diketuai oleh Kepala Internal Audit akan sangat membantu manajemen dalam melakukan fungsi pengawasan operasional Perseroan. Tugas dan kewenangan dari Komite Audit dan Internal Audit akan disampaikan tersendiri dalam bahasan Tata Kelola Perusahaan.

Results of 2012 could not be achieved without the support of the Audit Committee under the supervision of the Board of Commissioners. Maintaining transparency and integrity was the primary task carried out by the Board of Commissioners. The Audit Committee, chaired by an Independent Commissioner has made efforts to strengthen the internal control mechanism. The Internal Audit Division will also assist the Management in supervising operations of the company. The duties and authority of the Audit Committee and the Internal Audit will be presented separately in the Corporate Governance section.


Akhir kata, kami berharap bahwa Perseroan dapat terus memberikan nilai tambah bagi stakeholder dalam mengembangkan seluruh kemampuan yang dimiliki. Atas nama Dewan Komisaris, kami menyampaikan penghargaan yang setingginya atas keuletan dan semangat yang tinggi kepada jajaran Direksi dan seluruh karyawan yang telah memberikan kontribusinya sehingga tercapai hasil yang baik pada tahun 2012. Kami berharap agar kinerja ini dapat terus dipertahankan dan ditingkatkan untuk menghadapi tahun yang penuh tantangan pada masa-masa yang akan datang.

Finally, we hope that the company can continue to provide value addition for all stakeholders. On behalf of the Board of Commissioners, we express our appreciation for the high motivation and tenacity of the Board of Directors and all employees who have contributed in achieving good results in 2012. We hope that this performance can be maintained and improved in this year full of challenges.

Atas Nama Dewan Komisaris On Behalf Of The Board Of Commissioners

Bambang Setijo Presiden Komisaris | President Commissioner


5

Laporan Direksi Directors’ Report

6

Pemegang Saham yang terhormat,

Dear Shareholders,

Atas nama Direksi, kami menyampaikan ucapan terimakasih kepada seluruh stakeholder yang telah memberikan dukungan dan kepercayaan kepada kami. Dalam kondisi meningkatnya harga bahan baku pada tahun 2012, Perseroan mampu mempertahankan kinerjanya sehingga dapat menghasilkan laba. Bahan baku merupakan komponen penting yang mampu mempengaruhi pencapaian hasil Perseroan. Semua pencapaian ini merupakan hasil kerja keras dari seluruh jajaran Direksi dan segenap karyawan yang telah menjadi sebuah tim yang kompak dan saling mendukung. Kami akan membahasnya mengenai pencapaian tahun 2012 secara lebih mendalam pada uraian di bawah ini.

On behalf of the Board of Directors, we express our thanks to all stakeholders who have supported and placed their trust in us. Given the increasing raw material prices in 2012, the company was able to achieve a profitable performance. Raw materials is a crucial component that directly impacts the company’s results. All these achievements are the result of hard work of the entire Board of Directors and employees that have become a good team which support each other. We will discuss the results of 2012 in greater details below.

KINERJA PERSEROAN

PERFORMANCE OF THE COMPANY

Penjualan Perseroan pada tahun 2012 adalah sebesar Rp. 384,15 milyar turun sebesar Rp. 3,20 milyar atau sebesar 0,82% dibanding tahun 2011 sebesar Rp. 387,35 milyar. Penurunan penjualan pada tahun 2012 diakibatkan turunnya penjualan pupuk bio organik plus. Dengan demikian realisasi penjualan Perseroan pada tahun 2012 hanya mencapai 97,15% dari proyeksi penjualan tahun 2012 sebesar Rp. 395,40 milyar.

The company sales in 2012 amounted to Rp. 384,15 billion, a decrease of Rp. 3.20 billion or 0.82% as compared to Rp. 387.35 billion for 2011. The decrease in sales in 2012 was a result of decrease in sales of bio organic plus fertiliser. Thus the realization of the company’s sales in 2012 only reached 97.15% of projected sales in 2012 of Rp. 395.40 billion

Penjualan yang dihasilkan oleh Perseroan pada tahun 2012 merupakan kontribusi dari penjualan produk ethanol sebesar 75%, penjualan produk Asam Cuka memberikan kontribusi sebesar 10%, penjualan produk Ethyl Asetat sebesar 11%, penjualan Pupuk Bio Organik Plus memberikan kontribusi sebesar 1% sisanya produk lainnya.

Total sales of the company in 2012 comprised of 75% sales from ethanol, 10% from acetic acid, and 11% from Ethyl Acetate. While 1% was from sales of Bio Organic Plus Fertilser, and the balance from other products.

Laba kotor Perseroan untuk tahun 2012 adalah sebesar Rp. 81,34 milyar, turun sebesar Rp. 6,27 milyar atau 7,15% dari laba kotor tahun 2011 sebesar Rp. 87,61 milyar. Alasan terjadinya penurunan disebabkan karena meningkatnya beban pokok penjualan akibat naiknya harga tetes tebu (bahan baku).

Gross profit of the company in 2012 amounted to Rp. 81,34 billion, a decrease of Rp. 6.27 billion or 7.15% as compared to Rp. 87.61 billion for 2011. The reason for the decrease in gross profit in 2012 was result of increased cost of goods sold due to rising prices of molasses (raw materials).

Laba sebelum pajak penghasilan Perseroan untuk tahun 2012 adalah sebesar Rp. 25,76 milyar, turun sebesar Rp. 8,05 milyar atau 23,80% dari laba sebelum pajak penghasilan 2011 sebesar Rp 33,81 milyar. Penyebab turunnya laba sebelum pajak penghasilan adalah dikarenakan laba kotor tahun 2012 mengalami penurunan.

Income before tax for the company in 2012 amounted to Rp. 25.76 billion, a decrease of Rp. 8.05 billion or 23.80% as compared to Rp. 33.81 billion for 2011. The reason for the decrease in income before income tax in 2012 was due to decrease in gross profit.

Laba tahun berjalan Perseroan untuk tahun 2012 adalah sebesar Rp. 16,96 milyar turun sebesar Rp. 7,03 milyar atau 29,30 % dari laba tahun berjalan di tahun 2011 sebesar Rp. 23,99 milyar. Alasan terjadinya penurunan laba tahun berjalan tahun 2012 adalah turunnya nilai penjualan dan naiknya beban pokok penjualan.

Net Income for the year 2012 amounted to Rp. 16.96 billion, a decrease of Rp. 7.03 billion or 29.30% as compared to Rp. 23.99 billion for 2011. The reason for the decrease in net income for the year 2012 was due to decrease in sales and increase in cost of goods sold.


Dalam menjalankan usahanya Perseroan tetap melaksanakan strategi “produk mix” yaitu strategi kombinasi produksi yang menghasilkan keuntungan terbesar. Sehingga Perseroan akan meningkatkan produksi untuk produk yang menghasilkan keuntungan yang lebih besar dibanding produk lainnya.

The Company strategy still follows the “products mix” strategy which optimizes production of products with optimum contribution margin, whereby the company will increase production of products with optimum contribution margin.

PROSPEK USAHA TAHUN 2012 DAN KENDALA YANG DIHADAPI

BUSINESS PROSPECTS PROBLEMS FACED

Meningkatnya harga bahan baku (tetes tebu) pada tahun 2013 dan tidak adanya kenaikan harga penjualan, merupakan tantangan yang harus dihadapi oleh Perseroan. Dengan keyakinan yang kuat karena didasari oleh tim yang kompak serta upaya-upaya yang telah dipersiapkan oleh Perseroan maka segala tantangan tersebut mampu dihadapi oleh manajemen dan tim.

The increase of raw materials (molasses) price in 2013 without any increase in selling price, is a challenge to be faced by the company. However, based on strong team work and action plans prepared by the Company, we strongly believe that the company will successfully face and overcome all challenges.

Melihat kondisi ekonomi global yang masih belum menentu, dan pencapaian tahun 2012 yang harus dipertahankan bahkan perlu ditingkatkan maka untuk menghadapi itu semua Perseroan telah menetapkan sebuah strategi di tahun 2013. Strategi itu antara lain, yang utamanya adalah penerapan efisiensi disegala bidang, khususnya efisiensi penggunaan bahan baku dan energi, serta peningkatan kualitas Sumber Daya Manusia melalui pelatihan-pelatihan yang ditujukan untuk meningkatkan pelayanan kepada customer.

Seeing the global economic conditions which have still not stabilized, and the need to not only maintain, but surpass the achievement of 2012, the company has prepared a strategy for 2013. That strategy, among others, is to ensure maintaining efficiency in every field, in particular the usage of raw materials and energy, as well as improving the quality of human resources through training and to improving service to the customers.

Selain itu Perseroan secara terus menerus melakukan upayaupaya pengembangan yang difokuskan untuk meningkatkan kualitas dan diversifikasi produk yang akan memberi dampak pada peningkatan kinerja Perseroan.

Besides this, the company is constantly making efforts to improve the product quality and diversify into products which will directly impact the performance of the company.

TATA KELOLA PERUSAHAAN

GOOD CORPORATE GOVERNANCE

Menyadari pentingnya pelaksanaan prinsip-prinsip yang mendasari tata kelola perusahaan untuk membantu memperkuat kinerja Perseroan, dan meningkatkan akuntabilitas perusahaan kepada publik. Atas dasar itu Perseroan berkomitmen untuk terus menjalankan dan menerapkannya berdasarkan prinsip-prinsip tata kelola perusahaan yang baik. Penerapan prinsip-prinsip tata kelola perusahaan yang baik bukan saja memberikan manfaat kepada para pemangku kepentingan ( stakeholders) tapi juga berguna bagi keberlangsungan kegiatan operasi Perseroan.

Recognizing the importance of implementing the principles underlying corporate governance to help strengthen the performance and enhancing corporate accountability to the public, the company is fully committed to applying these principles of good corporate governance. The application of the principles of good corporate governance not only provides benefit for all stakeholders but also useful for the sustainability of the company operations.

Tata Kelola Perusahaan yang selama ini diterapkan oleh Perseroan adalah dalam hal keterbukaan informasi. Setiap kegiatan Perseroan yang telah dilaksanakan sehubungan dengan peraturan BAPEPAM dan Bursa Efek Indonesia selalu

Good Corporate governance that have been applied by the company is in terms of disclosure of information. Every activity of the company is carried out in accordance with the regulations of Bapepam and the Indonesia Stock Exchange,

FOR

2013

AND


7

diinformasikan kepada publik melalui pengumuman di Bursa. Bukan saja secara keterbukaan informasi telah dilakukan oleh Perseroan tapi setiap corporate action yang dilakukan mengacu pada peraturan yang terkait baik dari Peraturan BAPEPAM maupun aturan Bursa Efek Indonesia. Dalam hal ini menjadi tugasnya dari Komite Audit untuk mengaudit kinerja Perseroan maupun telaah terhadap kepatuhan Perseroan dari peraturan-peraturan Pasar Modal yang berlaku.

and by public announcement at the Exchange. It has become the task of the Audit Committee to audit the performance of the company and to ensure its adherence to the Capital Market regulations in force.

Di tengah tantangan yang dihadapi oleh Perseroan akan terbuka lebar peluang untuk Perseroan lebih mengembangkan peluang usahanya. Untuk itu kami berharap agar terus mendapat dukungan dari seluruh stakeholder. Kami yakin dengan dukungan tersebut merupakan modal yang cukup untuk Perseroan dapat meningkatkan kinerjanya ditahuntahun mendatang.

Amidst the challenges faced by the Company, it provides an opportunity to further develop the company. For that we hope to continue to receive the support of our shareholders to improve the Company’s performance over the next years.

Akhir kata atas nama Direksi, kami menyampaikan penghargaan dan terima kasih kepada seluruh karyawan atas dedikasinya dan kerja keras yang telah dicapai saat ini. Perseroan membutuhkan kreativitas dan komitmen yang lebih dari seluruh karyawan agar dapat mencapai tujuan yang menjadi komitmen kita bersama. Manajemen Perusahaan sangat menghargai seluruh kerja keras yang dilakukan.

Finally, on behalf of the Board of Directors, we express our appreciation and thanks to all employees for the dedication and hard work. The company needs creativity and commitment from all the employees to achieve a goal that becomes our common goal.

Atas Nama Direksi On Behalf Of The Board Of Directors

Budhi Moeljono Presiden Direktur | President Directors

8


Data Perseroan Corporate Information

Nama Perusahaan | Company name

PT. Indo Acidatama Tbk

Kegiatan Usaha Utama | Main Business

Industri Agro Kimia | Agro Chemical Industry

Alamat | Address

Graha Kencana, 9th Floor-Suite A Jl. Raya Perjuangan 88, Jakarta Barat 11530, Indonesia Tlp. (62-21) 53660777 Fax. (62-21) 53660698 Email : [email protected] Website : www.acidatama.co.id

Pabrik | Factory

Solo: Jl. Raya Solo – Sragen Km. 11,4 Kemiri, Kebakkramat, Karanganyar, Surakarta, Indonesia Tlp. (62-271) 648400 (Hunting), Fax (62-271) 648700

Dewan Komisaris | Board of Commissioners Presiden Komisaris | President Commissione Wakil Presiden Komisaris | Vice President Commissioner Komisaris | Commissioner Komisaris | Commissioner Komisaris | Commissioner Komisaris | Commissioner Komisaris Independen | Independent Commissioner Komisaris Independen | Independent Commissioner Komisaris Independen | Independent Commissioner

Bambang Setijo Tio Liong Khoeng Budhi Hartono Budhi Santoso Biantoro Setijo Hartono Setyo Wymbo Widjaksono Stephanus Junianto A. Budidarmodjo

Direksi | Board of Directors Presiden Direktur | President Director Wakil Presiden Direktur | Vice President Director Direktur | Director Direktur | Director

Budhi Moeljono Mulyadi Utomo Budhi Moeljono Wong Lukas Yoyok Nurcahya Nurdjono Kusumohadi

Sekretaris Perusahaan | Corporate Secretary

Benny Herman

Jumlah Saham Tercatat pada PT. Bursa Efek Jakarta | Number of Shares Registered in Jakarta Stock Exchange

6.020.000.000

Komposisi Pemegang Saham | Composition of Shareholders Perorangan Lokal | Local Individual Perseroan Terbatas Lokal | Local Limited Companies Perorangan Asing | Foreign Individual Perusahaan Asing | Foreign Companies

Saham | Shares

%

1.063.807.432 2.695.956.693 4.057.255 2.256.178.620

17,67% 44,78% 0,07% 37,48%


9

RIWAYAT SINGKAT PERSEROAN Company On Brief

10

Pada awalnya berdirinya Perseroan tahun 1983, bernama PT. INDO ALKOHOL UTAMA, kemudian pada tahun 1986 berubah nama menjadi PT. INDO ACIDATAMA CHEMICAL INDUSTRY. Perseroan bergerak di bidang usaha Industri Agro Kimia dengan nama produk Ethanol, Asam Asetat dan Ethyl Asetat dan berproduksi secara komersial sejak tahun 1989. Pada Oktober 2005 melakukan merger dengan PT. Sarasa Nugraha Tbk yang tercatat di Bursa Efek Indonesia dengan kode SRSN pada group Industri Dasar dan Kimia. Pada bulan Mei 2006 akhirnya berubah nama menjadi PT. INDO ACIDATAMA Tbk.

The company was initially set up in 1983 as PT. INDO ALHOHOL UTAMA, and later changed in 1986 to PT. INDO ACIDATAMA CHEMICAL INDUSTRY. Presently the core business of Company is Agro Chemicals Industry, producing Ethanol, Acetic Acid and Ethyl Acetate, and started commercial production since 1989. In October 2005, after merger with PT. SARASA NUGRAHA Tbk, we became a public listed company with shares traded at the Indonesian Stock Exchange under the code of SRSN categorized under Basic Chemicals Industry. In May 2006 the company was renamed as PT.INDO ACIDATAMA Tbk.

Sejalan dengan visi dan misi Perseroan maka pada tahun 2007 Perseroan mengganti logo dengan logo baru yaitu:

In 2007 Company change the logo in alignment with the Vision and Mission the Company:

Komposisi disain merupakan dimensi garis yang tersusun secara simetris, yang merefleksikan bentuk piramida dan sekaligus bentuk daun yangmemberikan citra kokoh, harmonis, inovatif serta berwawasan lingkungan.

The design comprises of symmetrically stacked lines, reflecting a pyramid and shape of leaf giving an impression of strength, harmony, innovation and environmentally friendly.

WARNA HIJAU : Simbol dari pertumbuhan dan lingkungan alam

COLOUR GREEN : Symbol for growth and clean environment.

yang baik. ORANGE : Simbol dari inovasi, ramah dan dapat dipercaya.

ORANGE : Symbol for innovation, friendly and trustworthy.

HITAM

BLACK : Symbol for perseverance, firm and brave.

: Simbol dari kegigihan, tegas dan berani.

Warna hijau dan orange yang berpuncak pada bulatan hijau mencitrakan keseimbangan antara lingkungan dan inovasi teknologi, yang pada hakikatnya menuju pada perbaikan bagi pelestarian bumi dan isinya.

The green and orange colours with green circle at the top project an image of balance between technological innovation and environment, in essence marching towards conservation and restoration of global natural resources.

BENTUK Enam helai daun yang dipuncaki bulatan hijau mencitrakan keberadaan PT. Indo Acidatama Tbk yang dapat memberi manfaat bagi seluruh kepentingan stake holder, yang kesemuanya mengarah pada inovasi dan pertumbuhan Perseroan.

SHAPE Six leaves and a green circle at the top project an image that PT. Indo Acidatama Tbk can provide benefits to its stakeholders through innovation and growth.

Piramida yang terdiri dari tiga jenjang mencitrakan keselarasan PT. Indo Acidatama Tbk dalam menuju visi dan misinya melalui keseimbangan dan keharmonisan terhadap alam, sesama dan Sang Pencipta. Tiga jenjang piramida ini juga mencitrakan PT. Indo Acidatama Tbk dalam pengembangan sumber daya manusia, yaitu dengan mewujudkan manusia seutuhnya yang berdasarkan pada Intelektual (IQ), Kecerdasan Emosional (EQ), dan Kecerdasan Spiritual (SQ).

The three layered pyramid projects an image that the Company’s vision and mission will be achieved through optimum balance and harmony between environment, mankind and God. The three layered pyramid also projects an image that the Company strives to develop Human Resources keeping in view Intelligence Quotient (IQ), Emotional Quotient (EQ) and Spiritual Quotient (SQ).


PRODUK YANG DIHASILKAN, APLIKASINYA & KAPASITASNYA Product, Application & Capacity ALKOHOL | ETHANOL

ASAM CUKA | ACETIC ACID

• Industri Farmasi | Pharmaceutical industry • Produk Rumah Sakit | Hospital • Industri Kosmetik, Parfum dan Rokok | Cosmetics, Perfurme, and Cigarette Industries

• Cuka Makanan | Vinegar • Industri Kimia PTA (PureTerephthalic Acid) | Pure Terephtalic Acid • Tekstil | Textile • Benang Karet | Elastic • PVC Film | PVC Film

Bahan Baku Untuk | Raw Material For • Asam Asetat dan Ethyl Asetat | Acetic Acid and Ethyl Acetate • Spiritus | Methylated Spirit • Minuman Alkohol | Alcoholic Drinks • Gasohol

ETHYLASETAT | ETHYLACETATE • Cat & Thinner untuk Tinta Cetak | Paint & Thinner for printing Ink

KAPASITAS PER TAHUN | CAPACITY PER YEAR

Alkohol | Ethanol

Asam Cuka | Acetic Acid

Ethyl Asetat | Ethyl Acetate

48.650 kl

36.600 ton

7.920 ton

PUPUK BIO ORGANIK PLUS | BIO ORGANIK PLUS FETILIZER

Merk Dagang | TradeMerk “POMI”, “RANDEX”, “BEKA” dan “ALFINASE”. Kegunaannya | The Purpose : Pupuk organik menyediakan unsur hara makro dan mikro secara berimbang berguna untuk meningkatkan kesuburan tanah. Organic fertilizer have macro and micro nutrients in perfect balance to increase soil fertility. Digunakan pada tanaman | Useful for plant : • Padi, jagung, kedelai, dan kacang-kacangan dan tanaman sejenisnya. Rice, corn, soybeans, nuts and other similar crops. • Kentang, kubis dan sayur-sayuran, tembakau, teh dan tanaman sejenisnya. Potato, cabbage, vegetables, tea other similar crops. • Bawang merah, bawang putih, tomat, cabe, semangka, melon, nanas dan buah-buahan lainnya. Shallots, garlic, tomato, chillies, watermelon, melons, peneaplle and other similar crops. • Tebu, singkong, vanili, lada, kelapa sawit, kakao, kopi, karet dan tanaman keras lainnya. Sugarcane, cassava, vanilla, peppercorn, palm, cocoa coffee, rubber and other similar plantations.

PROSES PRODUKSI | PRODUCTION PROCESS • Pembuatan Alkohol meliputi proses fermentasi bahan baku tetes tebu (molases) yang merupakan hasil samping pabrik gula menjadi mash yang kemudian didestilasi vacum menjadi Alkohol. Producing Ethanol involves fermentation of molasses, a by product of the suger industry, to become a “mash”, which is subsequently vacuum distilled to become Ethanol. • Pembuatan Asam Cuka meliputi proses oksidasi uap Alkohol dengan udara dalam reaktor Fixed Bed menjadi Acetaldehyde liquid dan selanjutnya dioksidasi dengan udara dalam reaktor bubble menjadi Asam Cuka. Producing Acetic Acid involves oxidation of ethanol vapor with air in a Fixed Bed reactor to become liquid Acetaldehyde, which is subsequently oxidized with air in a buble reactor to become Acetic Acid. • Pembuatan Ethyl Asetat merupakan hasil reaksi esterifikasi antara Asam Cuka dengan Alkohol yang berlangsung dalam reaktor Fixed Bed. Producing Ethyl Acetate involves esterification reaction between Acetic Acid and Ethanol in a Fixed Bed reactor. • Penggabungan teknologi pertanian, mikrobiologi tanah dan bioteknologi bahan organik menghasilkan Pupuk Bio Organik Plus untuk meningkatkan produksi pertanian dan perbaikan struktur tanah. The Bio Organic Fertilizer Plus is produced by combining various technologies pertaining to agriculture, soil micro biology, and organic bio technology, which result in improving agriculture product and soil quality.

KAPASITAS PER TAHUN | CAPACITY PER YEAR

CAIR | LIQUID : 66.000 m3


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STRUKTUR ORGANISASI PERUSAHAAN Organization Structure Dewan Komisaris Board of Commissioners

Komite Audit Audit Committee

Presiden Direktur President Director

Wkl. Presiden Direktur Vice President Director

Sekretaris Perusahaan Corporate Secretary

Pemeriksaan Internal Internal Audit

Direktur Plant Plant Director

Direktur Komersial Commercial Director

Wakil Direktur Plant Vice Executive Officer to Plant

Wakil Direktur Komersial Vice Executive Officer to Comm

Wakil Direktur Hub Industri VEO to Ind Relation

Departemen Produksi Production Dept

Dep. Mkt Riset & Adm Mkt. Research & Adm

Departemen Akuntansi Accounting Department

Departemen HRM Human Resources Dept

Departemen Utility Utility Department

Departemen Penjualan Sales Departement

Departemen Keuangan Finance Department

Departemen Umum General Affair Department

Departemen Kelistrikan Electric Dept

Departemen Logistik Logistic Department

Departemen Mekanik Mechanic Mtc Department

Departemen Lingkungan Environment Department

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Direktur Keuangan & Adm Finance & Adm Director


Departemen Teknologi Informasi IT Department

VISI & MISI Vision & Mission

VISI • VISION Menjadi perusahaan Industri Agro Kimia bertaraf International yang ramah lingkungan. To be an environmentally friendly Agro Chemical Company of International Standards.

MISI • MISSION Menjadi perusahaan industri kimia berbasis alkohol yang diakui secara international. To be an internationally recognized agro company producing ethanol. Mengutamakan proses produksi yang ramah lingkungan sesuai dengan standar yang berlaku. To prioritise environmentally friendly production process in accordance with international standards. Menjadi perusahaan yang mampu bersaing secara international dalam industri sejenis. To be a company capable of competing internationally. Menjamin kualitas produk sesuai standar international dan kuantitas produk sesuai permintaan. To guarantee product quality in accordance with international standards and meet quantity demands. Selalu memenuhi komitmen yang telah di sepakati dengan pelanggan. To always satisfy customer requirement. Secara terus-menerus akan meningkatkan kualitas keterampilan dan pengetahuan sumber daya manusia berlandaskan moralitas dan mentalitas yang baik. To constantly improve quality and knowledge of human resources as also better attitude. Secara terus-menerus akan melakukan inovasi untuk meningkatkan efisiensi di segala bidang. To continually innovate to increase overall efficiency. Selalu berupaya meningkatkan profitabilitas dan pertumbuhan usaha demi mencapai kemakmuran bagi investor, karyawan dan masyarakat. To always increase business profitability and growth thereby improve returns to investors, employees, and public.


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DEWAN KOMISARIS & DIREKSI The Board Of Commissioners’ & Directors’

DEWAN KOMISARIS | BOARD OF COMMISSIONERS BAMBANG SETIJO Presiden Komisaris | President Commissioner Lahir di Bondowoso tanggal 31 Maret 1941 | Born in Bondowoso on March 31st, 1941 Lulusan Chung Hwa High School Surabaya tahun 1965 Beliau telah aktif terlibat dalam industri tekstil dan garmen sejak tahun 1961. Beberapa jabatan yang pernah dijabat oleh beliau, antara lain selaku Direktur Utama PT. Panca Prima Eka Brothers, PT. Sugih Brothers, PT. Panca Citra Wira Brothers, PT. Panca Plazaindo Textile, PT. Pan Brothers Tbk. Saat ini beliau menjabat selaku Presiden Komisaris Perseroan sejak tahun 2003 berdasarkan hasil keputusan Rapat Umum Pemegang Saham Luar Biasa tanggal 31 Januari 2003. Selain di Perseroan saat ini Beliau masih menjabat di beberapa perusahaan antara lain sebagai Komisaris Utama PT. Kemiri Sarana Investama, PT. Sarana Integritas, PT. Trisetijo Manunggal Utama. Memiliki hubungan keluarga dengan Bapak Tio Liong Khoeng, Bapak Hartono Setyo dan Bapak Biantoro Setijo, serta sebagai pengurus dan pemegang saham pada PT. Trisetijo Manunggal Utama, PT. Kemiri Sarana Investama dan PT. Sarana Integritas yang merupakan pemegang saham pada PT. Indo Acidatama Tbk. He graduated from Chung Hwa High School of Surabaya in 1965 Mr. Bambang Setijo has been actively engaged in the textile and garment industry since 1961, Some of the positions he once held by, among others, as the President Director of PT. Panca Prima Eka Brothers, PT. Sugih Brothers, PT. Panca Citra Wira Brothers, PT. Panca Plazaindo Textile, PT. Pan Brothers Tbk. This time he served as president of commissioners of the company since 2003 decision based on the general meeting of shareholders extraordinary 31 january 2003. In addition to the current Company He still served in several companies including as President Commissioner of PT Kemiri Sarana Investama , PT Sarana Integritas, PT. Trisetijo Manunggal Utama. Having the family relationship with Mr. Tio Liong Khoeng, Mr Hartono Setyo and Mr.Biantoro Setijo, and as the management and shareholders at PT Trisetijo Manunggal Utama, PT. Kemiri Sarana Investama, PT Sarana Integritas that is shareholders at PT. Indo Acidatama Tbk.

TIO LIONG KHOENG Wakil Presiden Komisaris | Vice President Commissioner Lahir di Bondowoso Tanggal 17 Agustus 1947 | Born in Bondowos on August 17th, 1947 Lulusan Nasional University Of Singapore dengan Major Business Administration. Beberapa jabatan yang pernah dijabat oleh Beliau, antara lain sebagai Komisaris PT. Indo Acidatama Chemical Industry, Komisaris PT. Sari Warna Asli Textile Industry, Komisaris PT. Metropolitan Syntetics Chemicals, Komisaris PT. Dasar Rukun, Komisaris PT. Trisetijo Manunggal Utama. Saat ini beliau menjabat selaku Wakil Presiden Komisaris Perseroan sejak tahun 2005 berdasarkan hasil keputusan Rapat Umum Pemegang Saham Luar Biasa tanggal 26 Agustus 2005. Selain di Perseroan saat ini Beliau masih menjabat di beberapa perusahaan antara lain sebagai Komisaris PT. Kemiri Sarana Investama. Memiliki hubungan keluarga dengan Bapak Bambang Setijo, Bapak Hartono Setyo dan Bapak Biantoro Setijo serta sebagai pengurus dan pemegang saham pada PT. Trisetijo Manunggal Utama dan PT Kemiri Sarana Investama serta pemegang saham pada PT. Sarana Integritas yang ketiga perusahaan tersebut merupakan pemegang saham PT. Indo Acidatama Tbk. He graduated from the Nasional Of Singapore , with a major Business Administration . Some of the positions he once held by, among others, as a Commissioner of the PT. Indo Acidatama Chemical Industry, as a Commissioner of PT. Sari Warna Asli Textile Industry, as a Commissioner of PT. Metropolitan Syntetics Chemicals, as a Commissiner of PT. Dasar Rukun , as a Commissioner of PT. Trisetijo Manunggal Utama. Currently he served as vice presiden commissioners of the company since 2005 based on the decision general meeting of shareholders extraordinary august 26, 2005. In addition to the current Company He still served in several companies including as a Commissioner of PT Kemiri Sarana Investama. Having the family relationship with Mr. Bambang Setijo, Mr Hartono Setyo and Mr. Biantoro Setijo and as the management and shareholders at PT. Trisetijo Manunggal Utama and PT Kemiri Sarana Investama and shareholders at PT .Sarana Integritas all three companies is the shareholder of PT. Indo Acidatama Tbk.

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BUDHI HARTONO Komisaris | Commissioner Lahir di Solo tanggal 2 November 1947 | Born in Solo on November 2nd, 1947 Lulus SMA tahun 1964 Beliau telah menjadi pengusaha di Surakarta sejak tahun 1967. Beberapa jabatan yang telah dijabat oleh beliau antara lain sebagai Direktur PT. Pancaprima Ekabrothers, selaku Komisaris PT Indo Acidatama Chemical Industry, dan PT. Pan Brothers Tbk Saat ini beliau menjabat selaku Komisaris Perseroan sejak tahun 2003 berdasarkan hasil keputusan Rapat Umum Pemegang Saham Tahunan tanggal 16 Juni 2003. Selain di Perseroan saat ini Beliau masih menjabat di beberapa perusahaan antara lain sebagai Direktur PT. Budhi Bersaudara Manunggal, Direktur Utama PT. Sari Warna Asli Textile Industry, PT. Budhi Bersaudara Sejati. Memiliki hubungan keluarga dengan Bapak Budhi Moeljono, Bapak Budhi Santoso, dan Bapak Mulyadi Utomo Budhi Moeljono serta sebagai pengurus dan pemegang saham pada PT. Budhi Bersaudara Manunggal dan pemegang saham pada PT. Kemiri Sarana Investama dan PT. Sarana Integritas yang ketiga perusahaan tersebut merupakan pemegang saham PT. Indo Acidatama Tbk. He graduated from Senior High School in 1964 He has been an entrepreneur in Surakarta since 1967. Some of the positions he once held by, among others, as Director PT. Pancaprima Ekabrothers, as Commissioners PT. Indo Acidatama Chemical Industry, and PT. Pan Brothers Tbk. Currently he served as a commissioners of the company since 2003 based on the decision general meeting of shareholders Juni 16, 2003. In addition to the current Company He still served in several companies including as a director PT. Budhi Bersaudara Manunggal, as a the presiden director PT. Sari Warna Asli Textil Industry, PT. Budhi Bersaudara Sejati. Having the family relationship with Mr. Budhi Moeljono , Mr. Budhi Santoso and Mr. Mulyadi Utomo Budhi Moeljono and as management and shareholders at PT. Budhi Bersaudara Manunggal and shareholders at PT Kemiri Sarana Investama and PT Sarana Integritas all three companies is the shareholder of PT. Indo Acidatama Tbk.

BUDHI SANTOSO Komisaris | Commissioner Lahir di Solo tanggal 18 Juni 1949 | Born in Solo on June 18th, 1949 Lulusan Fachhochschule Niederrhein, Ahtellung Khefeld, Fachbereich Chemie pada tahun 1975. Beberapa jabatan yang telah dijabat oleh beliau antara lain tahun 1975 selaku Supervisor pada Hoechst Indonesia, selaku Direktur PT. Budhi Bersaudara Sejati, selaku Direktur PT. Tubantia Kudus Spinning Mills (1983-1999), selaku Direktur PT. Kamaltex (1989-1996). Sebagai Komisaris pada perusahaan PT. Sari Warna Asli Textile Industry, PT. Pan Brothers Tbk, PT. Pancaprima Ekabrothers, PT. Dasar Rukun, PT. Metropolitasn S.CI. Saat ini beliau menjabat selaku Komisaris Perseroan sejak tahun 2005 berdasarkan hasil keputusan Rapat Umum Pemegang Saham Luar Biasa tanggal 26 Agustus 2005. Selain di Perseroan saat ini Beliau masih menjabat di beberapa perusahaan antara lain sebagai Direktur Utama PT. Budhi Bersaudara Manunggal. Memiliki hubungan keluarga dengan Bapak Budhi Hartono, Bapak Budhi Moeljono, dan Bapak Mulyadi Utomo Budhi Moeljono serta merupakan pengurus dan pemegang saham dari PT. Budhi Bersaudara Manunggal serta pemegang saham pada PT. Kemiri Sarana Investama dan PT. Sarana Integritas yang merupakan pemegang saham dari PT. Indo Acidatama Tbk. He graduated from Fachhochschule Niederrhein, Ahtellung Khefeld, Fachbereich Chemie in 1975. Some of the positions he once held by, among others he has been as a Supervisor of Hoechst Indonesia since 1975, as a Director of PT. Budhi Bersaudara Sejati, as a Director of PT. Tubantia Kudus Spinning Mills (1983-1999), as a Director of PT. Kamaltex (1989-1996). As a Commissioners PT. Sari Warna Asi Textil Industry, PT. Pan Brothers Tbk , PT. Pancaprima Ekabrothers, PT. Dasar Rukun, PT. Metropolitan S.CI. Currently he served as vice presiden commissioners of the company since 2005 based on the decision general meeting of shareholders extraordinary august 26, 2005. In addition to the current Company He still served in several companies including as a President Director of PT Budhi Bersaudara Manunggal. Having the family relationship with Mr. Budhi Moeljono , Mr. Budhi Hartono and Mr. Mulyadi Utomo Budhi Moeljono and as management and shareholders at PT. Budhi Bersaudara Manunggal and shareholders at PT Kemiri Sarana Investama and PT Sarana Integritas all three companies is the shareholder of PT. Indo Acidatama Tbk.


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HARTONO SETYO Komisaris | Commissioner Lahir di Bondowoso tanggal 18 September 1952 | Born in Bondowoso on September 18th, 1952 Lulus SMP tahun 1967 Beberapa jabatan yang telah dijabat oleh beliau antara lain selaku Presiden Direktur PT. Trisetijo Manunggal Utama tahun 1994, Direktur PT. Tubantia Kudus Spinning Mills dari tahun 1984-2000, Presiden Direktur PT. Alladintex Abadi dari tahun 19882000, Wakil Presiden Komisaris PT. Indo Acidatama Chemical Industry, dari tahun 1986-2003, Direktur PT. Sumber Rukun Jaya Prima, Direktur Utama PT. Metropolitan Synthetic Chemical Ind, Presiden Direktur PT. Sari Warna Bali, Presiden Direktur PT. Sari Warna Asli. Saat ini beliau menjabat selaku Komisaris Perseroan sejak tahun 2003 berdasarkan hasil keputusan Rapat Umum Pemegang Saham Tahunan tanggal 16 Juni 2003. Selain di Perseroan saat ini Beliau masih menjabat di beberapa perusahaan antara lain sebagai Direktur Utama PT. Puri Alam Sentosa, PT. Dasar Rukun, sebagai Komisaris Utama di PT. Puri Wahid Pratama dan Presiden Direktur di PT. Bina Insani. Memiliki hubungan keluarga dengan Bapak Bambang Setijo, Bapak Tio Liong Khoeng dan Bapak Biantoro Setijo serta merupakan pemegang saham dari PT. Trisetijo Manunggal Utama, PT. Sarana Intergritas , dan PT. Kemiri Sarana Investama yang ketiga perusahaan tersebut merupakan pemegang saham dari PT. Indo Acidatama Tbk. He graduated from Yunior High School in 1967 Some of the positions he once held by, among others he has been as the President Director of PT. Trisetijo Manunggal Utama since 1994, as a Director PT. Tubantia Kudus Spinning Mills 1984 - 2000, as the President Director of PT. Alladintex Abadi 19882000, as a vice president commissioner of PT. Indoacidatama Chemical Industry since 1986-2003, as a Director of PT. Sumber Rukun Jaya Prima, as the President Director of PT. Metropolitan Synthetic Chemical Ind, as the President Director of PT. Sari Warna Bali, as President Director of PT. Sari Warna Asli. Currently he served as a commissioners of the company since 2003 based on the decision general meeting of shareholders Juni 16, 2003. In addition to the current Company He still served in several companies including as the President Director of PT. Puri Alam Sentosa, PT. Dasar Rukun, as the President Commissioners PT. Puri Wahid Pratama and as the President Director PT. Bina Insani. Having the family relationship with Mr. Bambang Setijo, Mr Tio Liong Khoeng and Mr. Biantoro Setijo and as the shareholders at PT. Trisetijo Manunggal Utama, PT .Sarana Integritas, and PT. Kemiri Sarana Investama all three companies is the shareholder of PT. Indo Acidatama Tbk.

BIANTORO SETIJO Komisaris | Commissioner Lahir di Surabaya tanggal 4 Mei 1968 | Born in Surabaya on May 4th, 1968 Lulusan Waseda University (Tokyo), dalam bidang Matematika Beberapa jabatan yang telah dijabat oleh beliau antara lain selaku Deputy General Menager PT. Tritone dari tahun 1992-1997, yang kemudian pada tahun 1997-2000 diangkat sebagai Vice President Director, Managing Director PT. Multistrada dari tahun 2001-2003. Saat ini beliau menjabat selaku Komisaris Perseroan sejak tahun 2007 berdasarkan hasil keputusan Rapat Umum Pemegang Saham Tahunan tanggal 31 Mei 2007. Selain di Perseroan saat ini Beliau masih menjabat di beberapa perusahaan antara lain sebagai Presiden Director PT. Elangperdana Tyre Industry dari tahun 2003. Memiliki hubungan keluarga dengan Bapak Bambang Setijo, Bapak Tio Liong Khoeng dan Bapak Hartono Setyo. He graduated from Waseda University (Tokyo) major Math Some of the positions he once held by, among others he has been as a Deputy General Manager of PT. Tritone from 1992-1997 and from 1997-2000 as Vice President Director at the same company, as a Managing Director of PT. Multistrada from 2001-2003. Currently he served as a commissioners of the company since 2007 based on the decision general meeting of shareholders May 31, 2007. In addition to the current Company He still served in several companies including as a President Director of PT. Elangperdana Tyre Industry since 2003. Having the family relationship with Mr. Bambang Setijo, Mr Tio Liong Khoeng and Mr. Hartono Setyo

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WYMBO WIDJAKSONO Komisaris Independen | Independent Commissioner Lahir di Surakarta pada tanggal 12 April 1946 | Born in Surakarta on April 12th, 1946 Lulusan SMA Semarang tahun 1965 Beberapa jabatan yang telah dijabat oleh beliau antara lain selaku Pimpinan Cabang PT. Bank Semarang Solo, selaku Direktur PT. Tamara Commercial Bank, selaku Direktur BPR Binsani, selaku Komisaris BPR Insani Group, selaku Direktur PT. Sarana Surakarta Ventura, selaku Presiden Direktur PT. Sarana Surakarta Ventura, selaku Presiden Direktur PT. Sarana Insan Mandiri. Saat ini beliau menjabat selaku Komisaris Perseroan sejak tahun 2005 berdasarkan hasil keputusan Rapat Umum Pemegang Saham Luar Biasa tanggal 26 Agustus 2005. Selain di Perseroan saat ini Beliau masih menjabat di beberapa perusahaan antara lain sebagai Direktur Utama PT. Insani Investama, Komisaris PT. BPR Bina Sejahtera Insani, PT. BPR Rejeki Insani, PT. BPR Dutabhakti Insani. He graduated from Senior High School in 1965 Some of the positions he once held by, among others he has been as a Branch Head of PT. Bank Semarang, Solo, as a Director of PT. Tamara Commercial Bank, as a Director of BPR Binsani, as a Commissioner of BPR Insani Group, as a Director of PT. Sarana Surakarta Ventura, as the President Director of PT. Sarana Surakarta Ventura, as the President Director of PT. Sarana Insan Mandiri. Currently he served as independent commissioners of the company since 2005 based on the decision general meeting of shareholders extraordinary august 26, 2005. In addition to the current Company He still served in several companies including as the president director PT. Insani Investama, as a commissioners PT. BPR Bina Sejahtera Insani, PT. BPR Rejeki Insani, PT. BPR Dutabhakti Insani.

STEPHANUS JUNIANTO Komisaris Independen | Independent Commissioner Lahir di Yogjakarta tanggal 10 Juni tahun 1955 | Born in Yogjakarta on June 10th, 1955 Lulus sebagai Sarjana Ekonomi pada Universitas Gajah Mada Yogyakarta dan mengambil Master Of Business Administration pada University of city of Manila. Beberapa jabatan yang telah dijabat oleh beliau antara lain sebagai Anggota Dewan Komisaris pada PT. Dekai sejak tahun 19962004, sebagai Konsultan Manajemen dalam bidang keuangan pada berbagai perusahaan BUMN maupun Swasta Nasional sejak tahun 1983, sebagai Pengurus Yayasan Gloria Yogyakarta dan Anggota Keluarga Alumni Universitas Gajah Mada. Saat ini beliau menjabat sebagai Komisaris Perseroan sejak tahun 2001 berdasarkan hasil Rapat Umum Pemegang Saham Tahunan tanggal 27 Juni 2001. Selain di Perseroan saat ini beliau masih menjabat di perusahaan lain sebagai Komisaris PT. Gloria Usaha Mulia. Beberapa pelatihan yang pernah diikuti antara lain : Workshop : ” Exposure Draft Standar Audit Lokakarya : ” Kajian Peraturan Pelaksana Undang-undang No. 5/2011 tentang Akuntan Publik dan Penyususan Standar Pengendalian Mutu Kantor Akuntan Publik ” ” Perencanaan dan Sampling Audit sesuai Standard Auditing Berbasis International Standards on Auditing” He graduated from the Faculty of Economics of Gajah Mada University and obtained Master of Business Administration Degree from University of City of Manila. Some of the positions he once held by, among others he has been as Board of Commissioner PT. Dekai since 1996-2004. Beside that He also as Management Consultant in Finance for many company since 1983. He also board of management in Yayasan Gloria Jogjakarta, and alumnus from Gajah Mada University. Currently he served as independent commissioners of the company since 2001 based on the decision general meeting of shareholders June 27, 2001. In addition to the current Company He still served in companies as Commissioners PT. Gloria Usaha Mulia. Some of the training has been followed : Workshop : ” Exposure Draft Standar Audit Lokakarya : ” Kajian Peraturan Pelaksana Undang-undang No. 5/2011 tentang Akuntan Publik dan Penyususan Standar Pengendalian Mutu Kantor Akuntan Publik ” ” Perencanaan dan Sampling Audit sesuai Standard Auditing Berbasis International Standards on Auditing”


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ANTONIUS BUDIDARMODJO Komisaris Independen | Independent Commissioner Lahir di Semarang tanggal 2 Nopember tahun 1940 | Born in Semarang on November 2nd, 1940 Beberapa jabatan yang telah dijabat oleh beliau antara lain sebagai pendiri Kantor Budidarmodjo & Asc sejak tahun 1974 yang bergerak dalam bidang konsultan manajemen dan perpajakan. Selain itu beliau juga aktif dalam organisasi seperti sebagai Ketua Ikatan Konsultan Pajak Jawa Tengah, Pengawas Yayasan Sandjojo (Universitas Soegijapranata), Anggota Pengurus Yayasan Purbadanarta, Bendahara Yayasan Loyola (SMU). Saat ini beliau menjabat sebagai Komisaris Independen sejak tahun 2001 berdasarkan hasil Rapat Umum Pemegang Saham Tahunan tanggal 27 Juni 2001. Selain di Perseroan saat ini Beliau masih menjabat di beberapa perusahaan antara lain sebagai Managing Director Drs. A. Budidarmodjo & Asc.- Tax & Management Cosultant. He graduated from Economics Scholars Some of the positions he once held by, among others he has been founder Budidarmodjo & Ascociate Office since 1974 in Management Consultant and Taxation. He is also actively involved in many organization like as a chairman of Institute Consultant of Tax in Midle Of Java, as a Superintendent Sandjojo Foundation (Soegijapranata University), Member of Management Purbadanarta Foundation, as a treasurer Loyola Foundation (SMU). Currently he served as independent commissioners of the company since 2001 based on the decision general meeting of shareholders June 27, 2001. In addition to the current Company He still served in several companies including as Managing Director Drs. A. Budidarmodjo & Asc – Tax & Management Consultant.

DEWAN DIREKSI | BOARD OF DIRECTORS BUDHI MOELJONO Presiden Direktur | President Director Lahir di Solo tanggal 5 April 1944 | Born in Solo on April 5th, 1944 Sebagai Presiden Direktur Beliau mengarahkan Perseroan agar mencapai kepada visi dan misi yang telah ditetapkan. Mengkoordinasikan kebijakan dan keputusan-keputusan yang diambil dengan Direktur lainnya dan melaporkan kegiatan operasi Perseroan dalam RUPS. As the President Director Directing company to reach to the vision and mission that has been set. Coordinate policies and decisions taken with the director other and report on the activity of operating the company in the general meeting of shareholders. Lulus SMA tahun 1963. Beliau aktif terlibat dalam usaha kecap keluarga di Solo sejak tahun 1964. Beliau telah menjadi Pengusaha di Solo sejak tahun 1966. Beberapa jabatan yang telah dijabat antara lain sebagai Direktur Utama PT. Sari Warna Asli tahun 1978, Direktur Utama PT. Indo Acidatama Chemical Industry di Solo yang bergerak dalam bidang usaha kimia sejak tahun 1984, sebagai komisaris di beberapa perusahaan antara lain PT. Dasar Rukun tahun 1988, PT. Tubantia Kudus Spinning Mills tahun 1988-2000, PT. Budhi Bersaudara Sejati tahun 1994, PT. Pan Brothers Tbk tahun 1997, PT. Metropolitan S.C.I tahun 2003. Saat ini beliau telah menjabat sebagai Presiden Direktur Perseroan sejak tahun 2005 berdasarkan hasil keputusan Rapat Umum Pemegang Saham Luar Biasa tanggal 26 Agustus 2005. Selain di Perseroan saat ini Beliau masih menjabat di beberapa perusahaan antara lain sebagai Direktur Utama PT. Kemiri Sarana Investama, PT. Sama Mandiri, PT. Famous Shoes Factory, sebagai Komisaris Utama PT. Budhi Bersaudara Manunggal, PT. Insani Investama, sebagai Komisaris PT. Sari Warna Asli Textil Industry, PT. Sarana Integritas, PT. Indocid Nusacemerlang, PT. Mega Karya Dwipa, PT. Indo Agra Mineral, PT. Tiga Menara Realti.Memiliki hubungan keluarga dengan Bapak Budhi Hartono, Bapak Budhi Santoso dan Bapak Mulyadi Utomo Budhi Moeljono dan sebagai pengurus dan pemegang saham pada PT. Kemiri Sarana Investama, PT. Budhi Bersaudara manunggal, PT. Sarana Integritas yang merupakan pemegang saham PT. Indo Acidatama Tbk. He graduated from Senior High School in 1963 Mr. Moeljono has been actively involved in soy sauce family business in Solo since 1964. He has been an Entrepreneur in Solo since 1966. Some of the positions he once held by, among others he has been as the president director PT. Sari Warna Asli in 1978, as the President Director of PT. Indo Acidatama Chemical Industry in Solo engaging in chemical business since 1984. as a commissioner PT. Dasar Rukun in 1988, PT. Tubantia Kudus Spinning Mills in 1988-2000, PT. Budhi Bersaudara Sejati in 1994, PT. Pan Brothers Tbk in 1997. Currently he served as the president director of the company since 2005 based on the decision general meeting of shareholders extraordinary august 26, 2005. In addition to the current Company He still served in several companies including as the president director PT. Kemiri Sarana Investama, PT. Sama Mandiri, PT. Famous Shoes Factory,

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as the president commissioners PT. Budhi Bersaudara Manunggal, PT. Insani Investama, as a commissioners PT. Sari Warna Asli Textile Industry, PT. Sarana Integritas, PT. Indocid Nusacemerlang, PT. mega karya Dwipa, PT. Indo Agra Mineral, PT. Tiga Menara Realti. Having the family relationship with Mr. Budhi Santoso, Mr. Budhi Hartono and Mr. Mulyadi Utomo Budhi Moeljono and as management and shareholders at PT. Budhi Bersaudara Manunggal PT Kemiri Sarana Investama and PT Sarana Integritas all three companies is the shareholder of PT. Indo Acidatama Tbk.

MULYADI UTOMO BUDHI MOELJONO Wakil Presiden Direktur | Vice President Director Lahir di Solo pada tanggal 14 September 1967 | Born in Solo on September 14th, 1967 Sebagai Wakil Presiden Direktur beliau membantu tugas dan kewajiban serta tanggung jawab Presiden Direktur serta merangkap sebagai Direktur Komersial yang bertanggung jawab untuk memimpin, mengatur dan mengarahkan: Strategi dan taktik pemasaran dan serta inisiatif penjualan untuk memastikan pertumbuhan pendapatan yang menguntungkan. Menciptakan dan mempertahankan metode pengukuran atas keefektifan program pemasaran dan penjualan serta kinerja kerjanya inisiatif penjualan dan pemasaran yang strategis dan taktikal untuk menjamin pertumbuhan pendapatan yang menguntungkan. As vice president director he helped duties and obligations and responsibilities president directors and, as commercial director responsible to lead, arrange and direct: Marketing Strategy and be proactive to improve profit and income. Formulate and evaluate effectiveness of marketing and sales programs, and marketing strategy to achieve growth. Lulusan University Of Southern California, Los Angeles. Sebelumnya Beliau telah bergabung dengan PT. Indo Acidatama Chemical Industry sejak tahun 2000, yang kemudian pada tahun 2004 diangkat sebagai Wakil Presiden Direktur. Selain sebagai Wakil Presiden Direktur Perseroan Beliau juga telah aktif pada PT. Sari Warna Group pada tahun 1999 sampai dengan tahun 2000. Saat ini beliau menjabat sebagai Wakil Presiden Direktur Perseroan sejak tahun 2005 berdasarkan hasil keputusan Rapat Umum Pemegang Saham Luar Biasa tanggal 26 Agustus 2005. Selain di Perseroan saat ini Beliau masih menjabat di beberapa perusahaan antara lain sebagai Direktur Utama PT. Sarana Integritas, sebagai Direktur PT. Kemiri Sarana Investama, PT. Sama Mandiri dan sebagai Komisaris PT. Total Hijau Lestari. Memiliki hubungan keluarga dengan Bapak Budhi Moeljono, Bapak Budhi Hartono dan Budhi Santoso, dan merupakan pengurus pada PT. Sarana Integritas yang merupakan pemegang Saham PT. Indo Acidatama Tbk.

He graduated from University of Southern California, Los Angeles Before as the Vice President Director of the Company he was joined with PT. Indo Acidatama Chemical Industry since 2000, and he was the Vice President Director since 2004. Beside that he was actively involved in the PT. Sari Warna Group since 19992000. Currently he served as the vice president director of the company since 2005 based on the decision general meeting of shareholders extraordinary august 26, 2005. In addition to the current Company He still served in several companies including as the president director PT. Sarana Integritas, as a director PT. Kemiri Sarana Investama, PT. Sama Mandiri, and as a commissioners PT. Total Hijau Lestari. Having the family relationship with Mr. Budhi Santoso , Mr. Budhi Hartono and Mr. Budhi Moeljono and as management at PT. Sarana Integritas companies is the shareholder of PT. Indo Acidatama Tbk.


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WONG LUKAS YOYOK NURCAHYA Direktur | Director Lahir di Solo pada tanggal 17 Februari 1966 | Born in Solo on February 17th, 1966 Sebagai Direktur Keuangan beliau bertanggung jawab atas keuangan Perseroan agar sesuai sebagaimana mestinya dan dikelola dengan benar secara bertanggung jawab. Mengawasi kesehatan keuangan Perseroan secara keseluruhan. Memberikan nilai tambah pada Perseroan dengan menyediakan pandangan keuangan yang dapat dipercaya dan konsisten. As Finance and Administration Director. Responsible to manage and monitor the company’s financial health, and advice all financial aspects of the Company. Provides a view of financial trustworthy and consistent. Lulusan Akademi Akuntasi YKPN- Yogjakarta tahun 1987 dan STIE Malang Kuceswara – Malang dengan Major Akuntasi pada tahun 1989. Sebelumnya Beliau telah bergabung dengan PT. Indo Acidatama Chemical Industry sejak tahun 1989 dan diangkat menjadi Direktur pada tahun 2003. Saat ini beliau menjabat sebagai Direktur Perseroan sejak tahun 2005 berdasarkan hasil keputusan Rapat Umum Pemegang Saham Luar Biasa tanggal 26 Agustus 2005. Selain di Perseroan saat ini Beliau masih menjabat di beberapa perusahaan antara lain sebagai Direktur PT. Sarana Intergritas, PT. Total Hijau Lestari. Memiliki hubungan afiliasi sebagai pengurus dan pemegang saham pada PT. Sarana Integritas yang merupakan pemegang saham PT. Indo Acidatama Tbk. He graduated from Akademi Akuntansi YKPN- Yogjakarta in 1987 and STIE Malang Kuceswara – Malang with majoring Accountancy in 1989. He has been as a Director of the Company since Juni 2005. He was joined with PT. Indo Acidatama Chemical Industry since 1989 and he was a Director since 2003. Currently he served as a director of the company since 2005 based on the decision general meeting of shareholders extraordinary august 26, 2005. In addition to the current Company He still served in several companies including as a director PT. Sarana Integritas and PT. Total Hijau Lestari. Having the relationship of affiliation as the management and shareholders at PT. Sarana Integritas is the shareholder of PT. Indo Acidatama Tbk.

NURDJONO KUSUMOHADI Direktur | Director Lahir di Solo pada tanggal 19 Februari 1958 | Born in Solo on February 19th, 1958 Sebagai Direktur Plant beliau bertanggung jawab terhadap keefektifan, keefisiensian dari produksi Perseroan, menjamin kesesuaian dari hasil produksi agar sesuai dengan permintaan pelanggan, mempertahankan standard yang tinggi hasil produksi, kualitas produk, dan dapat diandalkan. As Plant Director. Responsible for effectiveness and efficiency of the company’s production; to ensure that the products meet customer expectation, to maintain the best production standards; and maintain reliability of product quality. Lulusan Universitas Kristen Satya Wacana, Salatiga Jurusan Tehnik Elektro tahun 1986. Sebelumnya telah bergabung dengan PT. Indo Acidatama Chemical Industry sejak tahun 1986 dan diangkat menjadi Direktur pada tahun 2003. Saat ini beliau menjabat sebagai Direktur Perseroan sejak tahun 2005 berdasarkan hasil keputusan Rapat Umum Pemegang Saham Luar Biasa tanggal 26 Agustus 2005. Selain di Perseroan saat ini Beliau masih menjabat di beberapa perusahaan antara lain sebagai Direktur PT. Sarana Integritas, PT. Sama Mandiri dan sebagai Direktur Utama PT. Total Hijau Lestari. Memiliki hubungan afiliasi sebagai pengurus dan pemegang saham PT. Sarana Integritas yang merupakan pemegang saham PT. Indo Acidatama Tbk. He graduated from University Christian Satya Wacana , Salatiga in majoring Technic Electro since 1986. He has been a Director of the Company since October 2005. He was joined with PT. Indo Acidatama Chemical Industry since 1986 and he was a Director since 2003. Currently he served as a director of the company since 2005 based on the decision general meeting of shareholders extraordinary august 26, 2005. In addition to the current Company He still served in several companies including as a director PT. Sarana Integritas, PT Sama Mandiri dan as the president director PT. Total Hijau Lestari. Having the relationship of affiliation as the management and shareholders at PT. Sarana Integritas is the shareholder of PT. Indo Acidatama Tbk.

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SUMBER DAYA MANUSIA

Human Resources

Hubungan yang harmonis antara karyawan dan Perseroan merupakan ciri yang dimiliki oleh PT. Indo Acidatama Tbk. Budaya ini terus dikembangkan oleh Perseroan agar mencapai visi dan misi yang telah ditetapkan. Selain itu Perseroan terus melakukan peningkatan kesejahteraan karyawan dengan memberikan hal berikut berupa: 1. Fasilitas dan Tunjangan seperti program asuransi kesehatan, jaminan hari tua, poliklinik, koperasi, sarana rumah ibadah, kegiatan olahraga, seni budaya dan rekreasi keluarga. 2. Program Pelatihan dan Pengembangan secara internal dan eksternal seperti keselamatan kerja, perawatan mesin dan training motivasi dan sebagainya.

Hamonious employee relationship is a salient feature of PT. INDO ACIDATAMA Tbk. This culture will be further to developed to realize the Vision and Mission of the company. The Company is also improving the employee welfare program to provide facilities which include:

Perseroan juga memberikan kesempatan bagi karyawan yang berprestasi untuk terus mengembangkan keahliannya dengan memberikan program pelatihan melalui training dan seminar. Perseroan juga menerapkan transparansi pada karyawan dalam hal penilaian prestasi kerja dengan metode Reward and Punishment. Dan secara rutin, Perseroan selalu mengagendakan program pelatihan untuk meningkatkan kualitas karyawan melalui program workshop, training, maupun seminar.

The company also provides opportunities to employees to continuously develop their skills through training programs and seminars. The company has a transparent system for performance evaluation of its employees by adopting a method of reward and punishment. The company, routinely conducts programs for improving worker skills through workshops, training and seminars.

Upaya yang dilakukan oleh Perseroan ini tidak lain adalah untuk meningkatkan kualitas dari Sumber Daya Manusia (SDM). Sehingga Perseroan memiliki karyawan yang terlatih agar memahami tugas-tugasnya dan memiliki komitmen yang tinggi sehingga loyal terhadap Perseroan. Perseroan menyadari pentingnya peningkatan kualitas SDM, karena memiliki kontribusi yang signifikan terhadap peningkatan kinerja Perseroan.

The Company makes efforts to improve the quality of Human Resources (HR). Thus the company has employees who are trained to understand their duties and have a high commitment and loyalty towards the Company. The Company recognizes the importance of improving the quality of human resources, as they contribute significantly to the improved performance of the Company.

Pada tahun 2012 Perseroan telah melaksanakan program pelatihan melalui training dan seminar yang meliputi: Audit Marketing, Totally Integrated Automatic Portal, Administrasi Logistik dan Pergudangan, Analilzer Solution For Quality, Efficiency & Environment Improvement, High Quality Product & Economical Price for Your Satisfaction, Solusi-solusi Energy & Suistanability, Diklat “PROPER” Perusahaan, Increas Productivity Through Exploitation of Machine Automation Technology, Standard & Safety Operation Forklift, Suistanable Solution form Industry, Internal Auditor HACCP, Tax Planning & Management Grey Area, Boiler Water Traeatment, Pencegahan dan Penyelesaian PHI, dll.

In 2012 the Company implemented a training programs and seminars which include: Audit Marketing, Totally Automatic Integrated Portal, Administration Logistics and Warehousing, Analilzer Solution For Quality, Efficiency and Environment Improvement, High Quality Product & Economical Price for Your Satisfaction, Solution-Energy & Suistanability solutions, training “PROPER” Company, increas Productivity Through Exploitation of Machine Automation Technology, Standard & Safety Forklift Operation, Suistanable form Industry solution, HACCP Internal Auditor, Tax Planning & Management Grey Area, Boiler Water Traeatment, Prevention and Settlement PHI , etc.

Program pelatihan untuk tahun 2013 yang direncanakan meliputi: Analisa Bakteri E-Coli, Management Pergudangan, K3 Operator Forklift, Operator Alat Berat, Sales and Marketing, Diklat Cukai dan Pabean, Quality Auditor, Managing Training Proses, Welding Inspektor, Audit Lingkungan, Workshop K3, Gas Cromatografi, Pembekalan dan Refresh HACCP, Microtik, dll.

Training programs planned for 2013 include: Analysis of E-Coli Bacteria, Warehousing Management, K3 Forklift Operator, Heavy Equipment Operator, Sales and Marketing, Training Excise and Customs, Quality Auditor, Managing Training Process, Welding Inspectors, Environmental Audit, K3 Workshop, Gas chromatography, debriefing and Refresh HACCP, Microtik, etc.

Jumlah karyawan sampai dengan bulan Desember 2012 sebanyak 358 orang.

The company has a total workforce of 358 as on 31 December 2012.

1. Health insurance, old age pension, polyclinics, cooperative, palces of worship, sports, art and cultural recreation for families. 2. Training and development programs conducted in-house and off-premises covering work place safety, maintenance of machineries, motivational training, etc.


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SAHAM Stock

SEJARAH PENCATATAN SAHAM | HISTORY OF STOCK LIST

TANGGAL | DATE

Pencatatan di Bursa Efek Jakarta dengan jumlah saham 17.000.000 saham nominal Rp 1000 per saham

Initial Public offering of shares in Jakarta Stock Exchange with number of shares 17.000.000 shares with a nominal value of Rp 1000 each.

11 January 1993

Pembagian saham bonus dengan perbandingan 10:7 dengan saham tambahan sejumlah 11.900.000 saham

Distributed bonus shares with the ratio of 7 bonus shares for each 10 old shares with additional shares 11.900.000 shares.

Restrukturisasi Hutang yang dikonversi menjadi modal saham dengan saham tambahan sebanyak 191.100.000 saham dengan nilai nominal Rp 1000 per saham

Debt Restructuring converted debt into Equity Capital amounting 191.100.000 ordinary shares with a nominal value of Rp 1000 each.

Stok Split (1: 10) menjadi nilai nominal Rp 100 per saham

Stock Split (1:10) with a nominal value of Rp 100 each.

10 August 2001

Merger PT. Indo Acidatama Chemical Industry dengan konversi saham dari 1 saham lama menjadi 0,37 saham baru. Sehingga jumlah saham menjadi 6.020.000.000 saham dengan nilai nominal Rp 50 per saham

Merger with PT. Indo Acidatama Chemical Industry with stock conversion value of 1 share of stock before merger being equivalent to 0,37 share of stocks after merger. Number of shares 6.020.000.000 shares with a nominal value of Rp 50 each after merger.

05 October 2005

31 August 1994

30 October 2000

DAFTAR PEMEGANG SAHAM PER 31 DESEMBER 2012 | SHAREHOLDER ON DECEMBER 31, 2012 South East Unicorn Inc

PT. Kemiri Sarana Investama

PT. Sarana Integritas

PT. Trisetijo Manunggal Utama

PT. Budhi Bersaudara Manunggal

Masyarakat (di bawah 5%)

35%

22%

14%

14%

5%

10%

DAFTAR PEMEGANG SAHAM KHUSUS | MANAGEMENT AS SHAREHOLDERS ON DECEMBER 31, 2012 Nama | Name Bambang Setijo Tio Liong Khoeng Budhi Hartono Budhi Santoso Budhi Moeljono Hartono Setyo

Jabatan | Position Presiden Komisaris Wakil Presiden Komisaris Komisaris Komisaris Presiden Direktur Komisaris

Jumlah Saham | Total Shares 111.583.308 53.399.500 127.141.864 181.575.905 170.878.568 82.296.999

% 1,8535% 0,8870% 2,1120% 3,0162% 2,8385% 1,3671%

PERGERAKAN HARGA SAHAM PERIODE TRIWULAN I S/D TRIWULAN IV TAHUN 2011 & 2012 HIGHEST AND LOWEST SHARE PRICE FROM 1ST QUARTER TO 4TH QUARTER 2011 & 2012

Triwulan I | 1st Quarter Triwulan II | 2nd Quarter Triwulan III | 3rd Quarter Triwulan IV | 4th Quarter

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2011 Tertinggi Terendah Penutupan Volume Highest Lowest Closing (000) 61 53 54 26.788,0 75 53 58 202.889,5 68 50 52 148.534,0 56 50 54 22.926,0


2012 Tertinggi Terendah Penutupan Highest Lowest Closing 68 53 59 68 51 52 61 50 54 59 50 50

Volume (000) 243.586,5 161.537,0 89.596,0 194.729,0


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SOUTH EAST UNICORN (35.21%)

WL YOYOK NURCAHYA 2.41%

NUDJONO KUSUMOHADI 4.81%

TIO LIONG KHOENG 0.89%

HARTONO SETYO 1.37%


BUDHI HARTONO 6.73%

HARTONO SETYO 8.37%

BAMBANG SETIJO 1.85%

BUDHI SANTOSO 12.20%

HARTONO SETYO 10.21%

BUDHI SANTOSO 6.73%

BUDHI HARTONO 2.11%

BUDHI HARTONO 12.20%


BUDHI SANTOSO 33.33%

HARTONO SETYO 16.40%

BUDHI MOELJONO 2.84%



BUDHI HARTONO 33.33%

TIO LIIONG KHOENG 16.40%

BUDHI SANTOSO 3.02%





DIREKSI & KOMISARIS (12.08%)

PT SARANA INTEGRITAS (5.04%)

PT KEMIRI SARANA INVESTAMA (13.61%)

PT BUDHI BERSAUDARA MANUNGGAL (14.15%)

PT TRISETIJO MANUNGGAL UTAMA (9.98%)

PUBLIK (9.93%)

STRUKTUR PEMEGANG SAHAM PT INDO ACIDATAMA TBK PER 31 DESEMBER 2012

LEMBAGA DAN ATAU PROFESI PENUNJANG PASAR MODAL

• KANTOR AKUNTAN PUBLIK | PUBLIC ACCOUNTING FIRM : Amir, Aryanto Jusuf, Mawar & Saptoto o Nama | Name : Plaza ABDA, Lt 10 Jl. Jend. Sudirman Kav. 59 Jakarta 12190 o Alamat | Address : Rp 176.000.000 (Inc PPN) o Fee | Fee : Tahun Buku Januari s/d Desember 2012 o Masa penugasan | The Assignment • BIRO ADMINISTRASI EFEK | THE STOCK ADMINISTRATION BUREAU : Sinartama Gunita o Nama | Name : Plaza BII Menara I Lt 9. Jl. MH Thamrin No 51 Jakarta 10350 o Alamat | Address : Rp 8.250.000 (Include PPN) o Fee | Fee : Tahun Buku Januari s/d Desember 2012 o Masa penugasan | The Assignment • KANTOR KONSULTAN HUKUM | LEGAL CONSULTANT : SS&R Legal Consultants o Nama | Name : Ariobimo Sentral, Mezzanine Floor Jl. H.R Rasuna Said Kav X-2 No 5 Jakarta 12950 o Alamat | Address : Rp 11.000.0000 (Include PPN) o Fee | Fee : Masa Penugasan : Bulan Maret 2012 o Masa penugasan | The Assignment • NOTARIS | NOTARY : Fathiah Helmi, SH o Nama | Name : Graha Irama Lt 6/6C Jl. HR. Rasuna Said X-1 Kav 1-2 Kuningan Setiabudi Jakarta Selatan 12950 o Alamat | Address : Rp 6.600.000 (Include : PPN) o Fee | Fee : Bulan April 2012 o Masa penugasan | The Assignment

Pada tahun 2010 Perseroan mendapatkan sertifikasi HACCP singkatan dari Hazard Analysis Critical Control Point tujuannya agar produk yang dihasilkan oleh Perseroan aman untuk dikonsumsi dan terhindar dari bahaya kontaminan baik secara fisik, kimia dan biologi. Phisik contohnya debu, Kimia contohnya tercampur air, kimia lainnya, Biologi contohnya jamur, mikroorganisme lainnya. Pencapaian sertifikasi ini tidak lain adalah dalam rangka meningkatkan pelayanan kepada customer. In 2010 the Company obtained the HACCP certification stands for Hazard Analysis Critical Control Point goal for the products produced by the Company’s safe to eat and avoid the dangers of contaminants both in physical, chemical and biological. Physical eg dust, for example mixed water chemistry, other chemical, biological example fungi, other microorganisms. Achievement of this certification is nothing in order to improve service to the customer.

24


PENGHARGAAN & SERTIFIKASI Awards And Certifications

Analisis & Pembahasan Manajemen Management Analysis & Discussion Analisis dan pembahasan di bawah ini, khususnya untuk bagian-bagian yang menyangkut kinerja keuangan Perseroan, disusun berdasarkan laporan keuangan Perseroan untuk tahun yang berakhir pada tanggal 31 Desember 2012 yang telah diaudit oleh Kantor Akuntan Publik Aryanto, Amir Jusuf, Mawar & Saptoto (Member Firm of RSM International) dengan pendapat wajar tanpa pengecualian.

Management Analysis and Discussion presented below, more specifically relating to the company’s financial performance, is based on the Finacial Statements of the Company for the year ended on December 31, 2012 which have been audited by Aryanto Amir Jusuf Mawar & Saptoto (Member Firm of RSM International) with an unqualified opinion.

1. TINJAUAN OPERASI PER SEGMEN USAHA

1. NET SALES

Strategi “produk mix” tetap dilaksanakan oleh Perseroan yaitu strategi kombinasi produksi yang menghasilkan keuntungan terbesar. Produksi ethanol pada tahun 2012 mencapai 39.875 Kl, Asam Cuka tidak diproduksi, Ethyl Asetat sebesar 4.542 ton dan Pupuk Bio Organik Plus sebesar 278 Kl. Produksi ethanol pada tahun 2012 mengalami kenaikan sebesar 922 Kl atau 2,36% dibanding dengan tahun 2011 sebesar 38.953 Kl. Produk Ethyl Asetat pada tahun 2012 mengalami penurunan sebesar 227 Ton atau sebesar 4,75% dibandingkan dengan tahun 2011 sebesar 4.769 ton. Produk Pupuk Bio Organik Plus mengalami penurunan sebesar 422 Kl atau 60,28% dibandingkan dengan tahun 2011 sebesar 700 Kl.

“Product mix” strategy implemented by the company is the strategy of producing those products which optimises profit margins. The production in 2012 comprised of 39.875 Kl of ethanol, acetic acid was not produced, 4.542 tons of ethyl acetate, and 278 KL of fertilizer bio organic plus. The production of ethanol in 2012 saw an increase of 922 Kl or 2,36 % compared with the year 2011 at 38.953 Kl. The production of ethyl acetate in 2012 decreased by 227 tons, or of 4.75 % compared with the year 2011 at 4.769 tons. Organic fertilizer bio product plus decreased by 422 Kl or 60,28% compared with the year 2011 at 700 Kl.

Penjualan Perseroan tahun 2012 adalah sebesar Rp. 384,15 milyar. Penjualan yang dihasilkan oleh Perseroan pada tahun 2012 merupakan kontribusi dari penjualan produk ethanol sebesar 75%, penjualan produk Asam Cuka memberikan kontribusi sebesar 10%, penjualan produk Ethyl Asetat sebesar 11%, penjualan Pupuk Bio Organik Plus memberikan kontribusi sebesar 1 % sisanya produk lainnya.

The company’s sales in 2012 amounted to Rp. 384,15 billion. Sales generated by the company in 2012 was a result of contribution of 75% from ethanol, 10% from acetic acid, 11% from ethyl acetate, and 1%, from bio organic fertilizer plus, and the balance from other products.

Pada tahun 2012 hasil segmen usaha untuk produk ethanol sebesar 98%, produk Asam Cuka sebesar 6%, produk Ethyl Asesat sebesar -9%, produk Pupuk Bio Organik Plus sebesar 2% dan produk lainnya sebesar 3 %.

In 2012 segment wise profit contribution was 98% from ethanol product, 6% from Acetic Acid, -9% from Ethyl Acetate, 2% from Bio Organic Fertilizer products Plus, and 3% from other products.

2. KINERJA KEUANGAN

2. FINANCIAL PERFORMANCE

Analisis dan pembahasan dibawah ini disusun berdasarkan angka-angka yang dikutip dari, dan harus dibaca dengan mengacu pada Laporan Keuangan Perseroan untuk tanggal 31 Desember 2012 yang telah diaudit.

The following analysis and discussion is based on the audited financial statements of the company for the year ended on December 31, 2012.

A. PERKEMBANGAN PENGELOLAAN ASET ASET LANCAR Aset lancar Perseroan untuk tahun 2012 adalah sebesar Rp. 306,89 milyar, naik sebesar Rp. 47,60 milyar atau 18,35% dibandingkan tahun 2011 sebesar Rp. 259,29 milyar. Kenaikan ini terutama disebabkan karena naiknya kas dan bank, dan meningkatnya persediaan akibat pembelian bahan baku (tetes tebu).

A. ASSETS CURRENT ASSETS Current assets of the Company for the year 2012 amounted to Rp. 306.89 billion, an increase of Rp. 47.60 billion or 18.35% compared to the year 2011 amounted to Rp. 259.29 billion. The increase was mainly due to the rise in cash and bank, and a growing inventory due to the purchase of the raw material (molasses).


25

26

ASET TIDAK LANCAR Aset tidak lancar Perseroan untuk tahun 2012 adalah sebesar Rp. 95,22 milyar, turun sebesar Rp. 6,67 milyar atau 6,54% dibandingkan tahun 2011 sebesar Rp. 101,89 milyar. Penurunan ini terutama disebabkan karena penambahan aset yang tidak sebanding dengan akumulasi penyusutan yang meningkat.

NON CURRENT ASSETS Non current assets of the Company for the year 2012 amounted to Rp. 95.22 billion, a decrease of Rp. 6.67 billion or 6.54% compared to the year 2011 amounted to Rp. 101.89 billion. The decrease was primarily due to the asset additions are not comparable with the increase of accumulated depreciation.

TOTAL ASET Total Aset Perseroan untuk tahun 2012 adalah sebesar Rp. 402,11 milyar, naik sebesar Rp. 40,93 milyar atau 11,33% dibandingkan tahun 2011 sebesar Rp. 361,18 milyar. Kenaikan ini terutama disebabkan karena meningkatnya aset lancar akibat meningkatnya kas dan bank dan persediaan.

TOTAL ASSETS Total Assets of the company in 2012 amounted to Rp. 402.11 billion, an increase of Rp. 40.93 billion or 11.33% as compared to 2011 amounted Rp. 361.18 billion. The increase was mainly due to the increased current assets due to the increased cash and bank and inventories.

B. PERKEMBANGAN PENGELOLAAN LIABILITAS LIABILITAS JANGKA PENDEK Liabilitas jangka pendek Perseroan tahun 2012 adalah sebesar Rp. 111,51 milyar, naik sebesar Rp. 29,84 milyar atau 36,53% dibandingkan tahun 2011 sebesar Rp. 81,67 milyar. Kenaikan ini dikarenakan adanya penambahan pinjaman jangka pendek yang digunakan untuk uang muka pembelian bahan baku (tetes tebu).

B. LIABILITIES CURRENT LIABILITIES Current Liabilities in 2012 amounted to Rp. 111.51 billion, an increase of Rp. 29.84 billion or 36.53% as compared to 2011 amounted to Rp. 81.67 billion. This increase was due to the additional on short-term loans that used for down payment buy raw materials (molasses).

LIABILITAS JANGKA PANJANG Liabilitas jangka panjang Perseroan untuk tahun 2012 adalah sebesar Rp. 21,39 milyar, turun sebesar Rp. 5,88 milyar atau 21,56% bila dibandingkan dengan tahun 2011 sebesar Rp. 27,27 milyar. Penurunan ini terjadi karena pelunasan pinjaman jangka panjang yang jatuh tempo.

NON CURRENT LIABILITIES Non current liabilities in 2012 amounted to Rp. 21.39 billion, a decrease of Rp. 5.88 billion or 21.56% as compared to 2011 amounted to Rp 27.27 billion. This decrease was due to repayment of long term loans.

TOTAL LIABILITAS Total Liabilitas Perseroan untuk tahun 2012 adalah sebesar Rp. 132,90 milyar, naik sebesar Rp. 23,96 milyar atau 21,99% dibandingkan tahun 2011 sebesar Rp. 108,94 milyar. Kenaikan ini disebabkan karena pada tahun 2012 terjadi penambahan pinjaman jangka pendek.

TOTAL LIABILITIES Total Liabilities in 2012 amounted to Rp 132.90 billion, an increase of Rp 23.96 billion or 21.99 % as compared to 2011 amounted to Rp 108.94 billion. The increase was due to the addition of short term loans in 2012.

C. PERKEMBANGAN EKUITAS EKUITAS Ekuitas Perseroan untuk tahun 2012 adalah sebesar Rp. 269,20 milyar, naik sebesar Rp. 16,96 milyar atau 6,72% dibandingkan tahun 2011 sebesar Rp 252,24 milyar karena adanya laba yang dihasilkan Perseroan.

C. EQUITY EQUITY Equity in 2012 amounted to Rp. 269.20 billion, an increase of Rp. 16.96 billion or 6.72% as compared to 2011 amounted to Rp. 252.24 billion. This increase is due to profits of 2012.


D. PERTUMBUHAN PENJUALAN, BEBAN DAN LABA PENJUALAN Penjualan Perseroan pada tahun 2012 adalah sebesar Rp. 384,15 milyar turun sebesar Rp. 3,20 milyar atau sebesar 0,82% dibanding tahun 2011 sebesar Rp. 387,35 milyar. Penurunan penjualan pada tahun 2012 diakibatkan turunnya penjualan pupuk bio organik plus. Dengan demikian realisasi penjualan Perseroan pada tahun 2012 tidak melampau proyeksi sebesar 2,84 % dari proyeksi penjualan tahun 2012 sebesar Rp. 395,40 milyar.

D. NET SALES GROWTH, EXPENSES AND NET INCOME SALES The company sales in 2012 amounted to Rp. 384,15 billion a decrease of Rp. 3,20 billion or 0,82% as compared to Rp. 387,35 billion for 2011. The decrease in sales in 2012 was result of decrease in sales fertilizer bio organic plus. Thus the realization of the company’s sales in 2012 only reached 97,15% of projected sales in 2012 of Rp. 395.40 billion.

BEBAN USAHA Pada tahun 2012 Beban Usaha Perseroan sebesar Rp. 50,89 milyar mengalami kenaikan sebesar Rp 2,69 milyar atau 5,58% dibanding tahun 2011 sebesar Rp 48,20 milyar. Kenaikan ini disebabkan kenaikan Biaya Gaji dan Biaya pengembangan Produk.

OPERATING EXPENSES The company Operating Expenses In 2012 amounted to Rp. 50,89 Billion an increase of Rp. 2.69 Billion or 5.6% compared to 2011 amounted to Rp. 48,20 billion. The increase was due to the increase in the cost of salaries and the cost of product development.

LABA KOTOR Laba kotor Perseroan untuk tahun 2012 adalah sebesar Rp. 81,34 milyar, turun sebesar Rp. 6,27 milyar atau 7,15% dari laba kotor tahun 2011 sebesar Rp. 87,61 milyar. Alasan terjadinya penurunan disebabkan karena meningkatnya beban pokok penjualan akibat naiknya harga tetes tebu (bahan baku).

GROSS PROFIT Gross profit the company in 2012 amounted to Rp. 81,34 billion, a decrease of Rp. 6,27 billion or 7.15% as compared to Rp. 87,61 billion for 2011. The reason for the decrease in gross profit in 2012 was result of increased cost of goods sold due to rising prices of molasses (raw materials).

LABA SEBELUM PAJAK ENGHASILAN Laba sebelum pajak penghasilan Perseroan untuk tahun 2012 adalah sebesar Rp. 25,76 milyar, turun sebesar Rp. 8,05 milyar atau 23,80% dari Laba sebelum pajak penghasilan 2011 sebesar Rp. 33,81 milyar. Penyebab turunnya laba sebelum pajak penghasilan adalah dikarenakan laba kotor tahun 2012 mengalami penurunan.

INCOME BEFORE INCOME TAX Income before income tax the company in 2012 amounted to Rp. 25,76 billion, a decrease of Rp. 8,05 billion or 23,80% as compared to Rp. 33,81 billion for 2011. The reason for the decrease income before income tax in 2012 was result of decreased gross profit.

LABA TAHUN BERJALAN Laba tahun berjalan Perseroan untuk tahun 2012 adalah sebesar Rp. 16,96 milyar turun sebesar Rp. 7,03 milyar atau 29,30% dari laba tahun berjalan di tahun 2011 sebesar Rp. 23,99 milyar. Alasan terjadinya penurunan laba tahun berjalan tahun 2012 adalah turunnya nilai penjualan dan naiknya beban pokok penjualan.

INCOME FOR THE YEAR Income for the year in 2012 amounted to Rp. 16.96 billion a decrease of Rp. 7.03 billion or 29.30% as compared to Rp. 23.99 billion for 2011. The decrease income for the year in 2012 was result of decrease sales due to rising cost of goods sold.

PENDAPATAN KOMPREHENSIF LAIN Pada tahun 2012 pendapatan komprehensif lainnya berupa keuntungan dari kenaikan nilai wajar efek yang tersedia untuk dijual sebesar Rp. 7.875.000 mengalami kenaikan sebesar 100% dibanding tahun 2011.

OTHER COMPREHENSIVE INCOME Other comprehensive income In 2012 from gain on increasing of available for sale securities as Rp. 7.875.000 increased by 100% compared to 2011.

TOTAL LABA KOMPREHENSIF TAHUN BERJALAN Total laba komprehensif pada tahun 2012 sebesar Rp. 16,96 milyar turun sebesar Rp. 7,03 milyar atau 29,30% dari laba komprehensif di tahun 2011 sebesar Rp. 23,99 milyar. Alasan terjadinya penurunan laba komprehensif tahun berjalan tahun 2012 adalah turunnya nilai penjualan dan naiknya beban pokok penjualan.

TOTAL COMPREHENSIVE INCOME FOR THE YEAR Total comprehensive income for the year in 2012 amounted to Rp. 16.96 billion, a decrease 7.03 billion or Rp. 29.30% as compared to Rp. 23.99 billion in 2011. The decrease income for the year in 2012 was result of decrease sales due to rising cost of goods sold.


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E. ARUS KAS Posisi kas dan bank Perseroan tahun 2012 sebesar Rp. 18,75 milyar meningkat sebesar Rp. 15,81 milyar atau 537,75% dibanding tahun 2011 yang sebesar Rp. 2,94 milyar. Peningkatan ini terjadi karena adanya kenaikan arus kas dari aktivitas operasi berupa penerimaan dari pihak pelanggan tahun 2012 sebesar Rp. 420,58 milyar naik sebesar Rp. 61,82 milyar atau 17,23% dibanding tahun 2011 sebesar Rp. 358,76 milyar . Selain itu disebabkan oleh adanya kenaikan arus kas yang diperoleh dari aktivitas pendanaan berupa penerimaan Utang bank tahun 2012 sebesar Rp. 211,14 naik sebesar Rp. 119,11 milyar atau 129,42% dibanding tahun 2011 sebesar Rp. 92,03 milyar.

E. CASH FLOW Position cash and bank the company in 2012 Rp 18.75 billion increased by Rp. 15.81 billion or 537.75% compared to 2011 which Rp. 2.94 billion. These improvements occur because of increase of the cash flow from operating activity of Receipt from customers in 2012 Rp. 420.58 billion increase Rp. 61.82 billion or 17.23 % compared to 2011 Rp. 358.76 billion. Besides caused by the increase cash flows from financing activities of proceed from bank loans in 2012 Rp. 211.14 increase Rp. 119.11 billion or 129.42% compared to 2011 Rp. 92.03 billion.

3. KEMAMPUAN MEMBAYAR HUTANG

3. DEBT PAYING ABILITY

SOLVABILITAS Solvabilitas adalah kemampuan Perseroan dalam memenuhi kewajiban yang tercermin dari perbandingan antara total liabilitas terhadap ekuitas dan total liabilitas terhadap aset.

SOLVABILITY Solvability is a measure of the Company’s strength in repaying its liabilities, and computed as a ratio of total liabilities to total equity, and total liabilities to total assets.

Kenaikan atas total liabilitas terhadap ekuitas dan total liabilitas terhadap aset dari 2012 ke 2011 disebabkan karena meningkatnya jumlah libilitas pada tahun 2012.

The total liabilities to total equity ratio and total liabilities to total assets has increased in 2012 as compare to 2011 due to increase in liabilities.

KEMAMPUAN MEMBAYAR HUTANG Kemampuan membayar hutang Perseroan tahun 2012 tetap stabil, hal ini tercermin dari rasio aset lancar dan libilitas jangka pendek yang menunjukkan 275,21% menurun dibanding tahun 2011 yang berada diangka 317,48%. Walaupun terjadi penurunan namun kemampuan Perseroan untuk membayar seluruh kewajibannya masih dapat dilaksanakan dengan baik.

DEBT PAYING ABILITY Debt paying ability the company 2012 remain stable, this is reflected in the current ratio 275.21% lower than 2011 which are 317.48%. Despite a decline in but the ability of the company to pay all their obligations can still be implemented properly.

4. TINGKAT KOLEKTIBILITAS PUTANG

4. LEVEL KOLEKTIBILITAS RECEIVABLE

PIUTANG USAHA Piutang usaha Perseroan untuk tahun 2012 adalah sebesar Rp. 67,31 milyar, turun sebesar Rp. 37,31 milyar atau 35,66 % dibanding tahun 2011 sebesar Rp. 104,62 milyar. Penurunan ini terjadi karena adanya penurunan pada Piutang Usaha Pihak Ketiga tahun 2012 sebesar Rp. 37,41 milyar atau 35,86% dibanding dengan tahun 2011 sebesar Rp. 104,30 milyar.

TRADE RECEIVABLES Trade receivables for 2012 amounted Rp. 67.31 billion, a decrease of Rp. 37.31 billion or 35.66% as compared to 2011 amounted Rp. 104.62 billion. The decrease was due to decrease trade receivable third parties 2012 amounted Rp. 37.41 billion or 35.86% compared to 2011 amounted Rp. 104.30 billion.


KOLEKTIBILITAS PIUTANG Tingkat kolektibilitas Piutang Perseroan pada tahun 2012 masih dalam tingkat yang wajar karena hampir sebagian besar Piutang Perseroan masih belum jatuh tempo dan sebagian masih pada tempo 30 – 90 hari dihitung dari tanggal faktur.

AGING SHEDULE Aging schedule of account receivables is normal, while majority are not yet due and rest are due between 30-90 days from invoice date.

5. STRUKTUR PERMODALAN DAN KEBIJAKAN MANAJEMEN

5. CAPITAL MANAGEMENT

Tujuan Perusahaan dalam mengelola permodalan adalah untuk melindungi kemampuan Perusahaan dalam mempertahankan kelangsungan usaha, sehingga entitas dapat memberikan imbal hasil bagi pemegang saham dan manfaat bagi pemangku kepentingan lainnya dan untuk mengelola struktur modal yang optimal untuk meminimalisasi biaya modal yang efektif. Perusahaan secara aktif dan rutin menelaah dan mengelola permodalannya untuk memastikan struktur modal dan pengembalian yang optimal bagi pemegang saham, dengan mempertimbangkan efisiensi penggunaan modal berdasarkan arus kas operasi dan belanja modal, serta mempertimbangkan kebutuhan modal di masa yang akan datang.

The objectives of the Company when managing capital are to safeguard the ability of the Company to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to minimize the effective cost of capital. In order to maintain the capital structure, the Company may from time to time adjust the amount of dividends, issue new shares or increase/reduce debt levels. The Company actively and regularly analyzes and manages its capital structure to ensure the optimal capital and returns to shareholders, by considering the efficient use of capital based on operating cash flow and capital expenditures, and to consider the capital needs in the future.

6. IKATAN MATERIAL ATAS INVESTASI BARANG MODAL

6. SIGNIFICANT CONTRACTS FOR RAW MATERIAL

Pada tahun 2012 Perseroan memiliki ikatan material berupa perjanjian jual beli dengan beberapa supplier sehubungan dengan pasokan bahan baku (tetes tebu). Tujuan dari ikatan tersebut adalah menjamin kelangsungan dan kesinambungan ketersediaan bahan baku. Untuk memenuhi kewajiban pembayaran kepada suplier tersebut sumber dana yang digunakan adalah berasal dari pinjaman dalam bentuk USD yang diberikan oleh HSBC guna memenuhi pembayaran dalam Rupiah dan USD. Dikarenakan pinjaman yang diterima oleh Perseroan dalam bentuk USD maka tidak ada langkah yang direncanakan Perseroan untuk melindungi risiko dari posisi mata uang asing yang terkait.

In 2012 the Company had a purchase agreement with several suppliers in connection with the supply of raw materials (molasses). The purpose of such commitments is to ensure continuity and sustainability of raw material availability. To meet payment obligations to suppliers, the source of funds used are loans in USD granted by HSBC in order to meet the payments in Rupiah and USD. However, loans received by the Company in the form of USD were not hedged against rupiah to reduce the Company’s risk from foreign fluctutaions.

7. INFORMASI DAN FAKTA MATERIAL YANG TERJADI SETELAH TANGGAL LAPORAN AKUNTAN

7. MATERIAL INFORMATION SUBSEQUENT TO AUDIT REPORT

Perusahaan melakukan perjanjian jual beli tetes dengan PT. Perkebunan Nusantara XI dan PT. Kebon Agung. Perusahaan mendapat kontrak pembelian tetes sebanyak 43.000 ton untuk panen selama tahun 2013.

The Company entered into mollasses purchase agreement with PT. Nusantara Plantation IX and PT. Kebon Agung. The Company received mollases purchase contract for 43.00 tons during 2013.

8. PROSPEK USAHA TAHUN 2012 DAN KENDALA YANG DIHADAPI

8. PROSPECTS IN 2013 AND PROBLEMS FACED

Meningkatnya harga bahan baku (tetes tebu) pada tahun 2013 dan tidak adanya kenaikan harga penjualan, merupakan tantangan yang harus dihadapi oleh Perseroan. Dengan keyakinan yang kuat karena didasari oleh Tim yang kompak serta upaya-upaya yang telah dipersiapkan oleh Perseroan maka segala tantangan tersebut mampu dihadapi oleh Manajemen dan Tim.

The rising price of raw materials (molasses) by 2013 and the absence of selling price increases, is a challenge that must be faced by the company. The company strongly believes that based on team work and action plans prepared by the company, it will successfully overcome all challenges.


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Melihat kondisi ekonomi global yang masih belum menentu, dan pencapaian tahun 2012 yang harus dipertahankan bahkan perlu ditingkatkan maka untuk menghadapi itu semua Perseroan telah menetapkan sebuah strategi di tahun 2013. Strategi itu antara lain, yang utamanya adalah penerapan efisiensi disegala bidang, khususnya efisiensi penggunaan bahan baku dan energi, serta peningkatan kualitas Sumber Daya Manusia melalui pelatihan-pelatihan yang ditujukan untuk meningkatkan pelayanan kepada customer.

Seeing world economic conditions which have not stabilised, and the need to not only maintain but surpass 2012 results, the company has prepared a strategy for 2013. This strategyinvolves improving efficiency in fields, especially the use of raw and energy, and improve the quality of human resources through trainings to improve service to customers.

Selain itu Perseroan secara terus menerus melakukan upayaupaya pengembangan yang difokuskan untuk meningkatkan kualitas dan diversifikasi produk yang akan memberi dampak pada peningkatan kinerja Perseroan.

Besides this, the company is continually making efforts to improve product quality and diversify into products which will impact better performance of the company.

9. PERBANDINGAN ANTARA TARGET/ PROYEKSI DENGAN REALISASI

9. PROJECTION VS ACTUAL

Dalam Jutaan Rp

In billion Rp

KETERANGAN

PROYEKSI

REALISASI

PROJECTION 2012

REALIZATION 2012

Penjualan

395.402

384.145

Sales

Beban Pokok Penjualan

275.466

302.809

Cost Of Goods Sold

Laba Kotor

119.936

81.336

Gross Profit

63.772

25.761



DESCRIPTION

10. PROYEKSI YANG INGIN DICAPAI

10. PROJECTION 2013

Untuk tahun 2013 proyeksi yang telah disusun oleh Direksi adalah sbb:

For the 2013 projections have been prepared by the Board of Directors are:

Dalam Jutaan Rp

In billion Rp

KETERANGAN

PROYEKSI | PROJECTION 2013

Penjualan

442.272

Sales

Beban Pokok Penjualan

331.501

Cost Of Goods Sold

Laba Kotor

110.771

Gross Profit


49.605


11. ASPEK PEMASARAN DAN PRODUKSI

11. THE ASPECT PRODUCTION

STRATEGI PERSEROAN Dalam menjalankan usahanya strategi berikut ini:

COMPANY STRATEGY Company has formulated a few startegies as follows:

Perseroan

menerapkan

A.) PENGEMBANGAN USAHA 1. Diversifikasi Produk Perseroan bermaksud untuk menambah produk yang dihasilkan dari fasilitas produksi yang ada yaitu berupa bio ethanol. Sehingga, dimasa yang akan datang Perseroan akan memiliki 2 produk utama yaitu Ethanol Super Prima dan Bio-Ethanol. Penambahan produk tersebut dilakukan dengan memodifikasi fasilitas pengolahan.

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DESCRIPTION


OF

MARKETING

AND

A.) EXPANSION 1. Product diversification The company has plans to produce bio ethanol at its existing plant by modifying the existing plant. This will result in the company producing super prima ethanol and bio ethanol.

2. Kerjasama Operasi Untuk meningkatkan posisi Perseroan dalam industri ethanol dan produk turunannya, Perseroan bermaksud untuk melakukan kerjasama operasi (Joint Venture) dengan perusahaan yang menghasilkan tetes tebu. B.) PENINGKATAN EFISIENSI 1. Penggunaan bahan baku alternatif

2. Joint venture To be an industry leader, the company is also evaluating options of joint ventures with companies producing molasses.

B.) IMPROVING EFFICIENCIES 1. Alternative feedstock

Perseroan berusaha untuk dapat menggunakan bahan baku alternatif selain tetes tebu seperti singkong dan bahan baku lainnya yang dapat dipergunakan untuk memproduksi ethanol (multi-feed). Dengan demikian, maka dimasa depan, Perseroan tidak harus tergantung hanya pada satu bahan baku dengan melakukan modifikasi yang minimal.

The company is evaluating use of alternative feedstock for producing ethanol. Cassava is one such product. Use of alternative feedstock would require minimal investment. This is to reduce excessive dependence on only one raw material.

2. Efisiensi dalam penggunaan bahan baku Untuk mengurangi rasio pemakaian bahan baku Perseroan berusaha untuk memproduksi ethanol melalui pengembangan teknologi. Dimasa yang akan datang, Perseroan berusaha untuk meningkatkan efisiensi penggunaan bahan baku dari proses fermentasi (produksi) sekitar 3-5%.

2. Efficieny in material consumption The company is striving to reduce the conversion ratio i.e. use lesser raw material to produce the same quantity of ethanol, by modifying the production process and improving technology. The company will aim to achieve 3-5% efficiency in raw material consumption by tweaking the fermentation process.

PANGSA PASAR 1. PASAR DALAM NEGERI • Fleksibilitas Yaitu dimana biaya yang dikenakan oleh Perseroan untuk pelanggan dengan perbedaan kebutuhan produksi yang bersangkutan dibedakan antara satu sama lainnya sehingga pelanggan merasakan pelayanan yang fair.

MARKET SHARE 1. LOCAL MARKET • Flexibility Company charges the customer depending on production changes required by the customer, so customer gets fair service.

• Ketepatan Jadwal Waktu pengiriman dari pabrik ke tempat tujuan dari masing-masing pelanggan, sehingga pelanggan semakin puas.

• Ontime Schedule Timely delivery schedule from factory to customer.

• Meningkatkan Kualitas Produk Dengan menggunakan bahan baku utama dan bahan pembantu yang berkualitas baik sehingga produksi tersebut digunakan untuk jangka waktu lama dan tidak cepat rusak.

• Increase Quality Product Using good quality primary and secondary raw materials for producing good quality product.

• Melayani customer retail Penjualan langsung ke customer end user (pemakai langsung).

• Serving retail customers Selling direct to end user customer (direct user).


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2. PASAR EKSPOR Untuk penjualan produk ekspor, Perseroan sangat memperhatikan quality kontrol dan waktu pengiriman. Apabila kedua hal tersebut dapat dipenuhi maka hubungan akan berjalan dengan baik dan untuk jangka waktu yang lama.

2. EXPORT MARKET For export markets, the company emphasizes quality control and timely delivery schedule to ensure good relationship with the customer.

12. KEBIJAKAN DIVIDEN

12. DIVIDEND

Sejak tahun 2002 sampai dengan tahun 2004 Perseroan mengalami kerugian sehingga menimbulkan defisit yang cukup besar. Dikarenakan defisit yang cukup besar tersebut maka tahun 2012 Perseroan belum dapat membagikan dividen walaupun telah membukukan laba bersih sebesar Rp. 16,96 milyar di tahun 2012 dan tahun 2011 sebesar Rp. 23,99 milyar.

From 2002 until 2004, the Company experienced severe losses leading to significant retained losses. Due to this the company cannot distribute dividend for 2012, although the company has booked profits of Rp. 16.96 billion in 2012 and Rp. 23.99 billion in 2011.


TATA KELOLA PERUSAHAAN Good Corporate Governance

Menyadari pentingnya pelaksanaan prinsip-prinsip yang mendasari tata kelola perusahaan untuk membantu memperkuat kinerja Perseroan, dan meningkatkan akuntabilitas perusahaan kepada publik. Atas dasar itu Perseroan berkomitmen untuk terus menjalankan dan menerapkannya berdasarkan prinsip-prinsip tata kelola perusahaan yang baik. Penerapan prinsip-prinsip tata kelola perusahaan yang baik bukan saja memberikan manfaat kepada para pemangku kepentingan (stakeholders) tapi juga berguna bagi keberlangsungan kegiatan operasi Perseroan.

Acknowledging the importance of the underlying principles of good corporate governance, which help to strengthen performance of the company, and increase accountability of the company to the public, the company is committed to continue implementing and applying the principles of good corporate governance. The application of the principles of good corporate governance not only provide benefit for all stakeholders but also directly impact the operations of the company.

1. RAPAT UMUM PEMEGANG SAHAM

1. GENERAL MEETING OF SHAREHOLDERS

Rapat Umum Pemegang Saham (RUPS) merupakan pemegang kekuasaan tertinggi dalam struktur kepengurusan Perseroan. Dalam RUPS dapat diambil keputusan untuk mengubah Anggaran Dasar Perseroan, memiliki kewenangan untuk memilih dan memecat anggota Dewan Komisaris dan Direksi, mengevaluasi kinerja perusahaan dan menentukan penggunaan laba. Untuk itu RUPS dilakukan secara terjadwal setahun sekali, dan apabila diperlukan Rapat Umum Pemegang Saham Luar Biasa dapat dilakukan setiap saat.

The General Meeting of Shareholders (GMS) is the highest authority in the management structure of the company. In the GMS, decisions can be taken to change the Articles of Association of the Company, having the authority to appoint and terminate Boards of Commissioners and Directors, evaluate the company’s performance and determine the use of profits. Therefore, GMS is scheduled once a year, and when necessary, Extraordinary General Meeting of Shareholders are held.

2. DEWAN KOMISARIS

2. BOARD OF COMMISSIONERS

Berdasarkan Anggaran Dasar Perseroan tugas Dewan Komisaris adalah melakukan pengawasan atas kebijakan pengurusan dan jalannya pengurusan pada umumnya, baik mengenai Perseroan maupun usaha Perseroan, dan memberi nasehat kepada Direksi. Berdasarkan hasil Rapat Umum Pemegang Saham Tahunan pada tanggal 26 April 2011 masa jabatan Dewan Komisaris selama 2 tahun dan akan berakhir pada Rapat Umum Pemegang Saham tahun 2013 dengan susunan Dewan Komisaris Perseroan adalah sebagai berikut:

Based on the Articles of Association of the Company, duty of the Board of Commissioners is tot supervise over the management policy and the management in general, and guide the Directors. Based on the results of the Annual General Meeting of Shareholders on April 26, 2011 Board of Commissioners for a term of 2 years and will end at the general meeting of shareholders in 2013 with the composition of the Board of Commissioners of the company are as follows:


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Presiden Komisaris Wakil Presiden Komisaris Komisaris Komisaris Komisaris Komisaris Komisaris Independen Komisaris Independen Komisarsi Independen

: Bambang Setijo : Tio Liong Khoeng : Hartono Setyo : Biantoro Setijo : Budhi Hartono : Budhi Santoso : A. Budidarmodjo : Stephanus Junianto : Wymbo Widjaksono

: Bambang Setijo : Tio Liong Khoeng : Hartono Setyo : Biantoro Setijo : Budhi Hartono : Budhi Santoso : A. Budidarmodjo : Stephanus Junianto : Wymbo Widjaksono

RAPAT DEWAN KOMISARIS Secara umum Dewan Komisaris melaksanakan fungsinya dengan baik melalui Rapat secara formal maupun non formal lewat email ataupun telpon sehingga dapat terus mengetahui perkembangan Perseroan dan dapat memberikan masukan kepada Direksi. Selama tahun 2012 Rapat Dewan Komisaris telah diadakan sebanyak 4 kali dengan tingkat kehadiran Anggota Dewan Komisaris adalah 77,77%.

MEETING OF THE BOARD OF COMMISSIONERS The Board of Commissioners carry out its proper functions through formal Meetings and email or phone so that it can continue to see the developments of the company and can provide input to the Board of Directors. During the year 2012, meeting of the Board of Commissioners was held four times the attendance of members of the Board of Commissioners was 77.77%.

PELATIHAN UNTUK DEWAN KOMISARIS Untuk tahun 2012 pelatihan untuk Dewan Komisaris tidak ada.

TRAINING FOR BOARD OF COMMISSIONERS There was no training for the Board of Commissioners in 2012.

RENUMERASI DEWAN KOMISARIS Untuk tahun 2012 Gaji dan Tunjangan Dewan Komisaris Perseroan adalah sebesar Rp. 2.443.500.000 Penetapan Gaji dan Tunjangan Dewan Komisaris disampaikan dalam Rapat Umum Pemegang Saham.

RENUMERATION BOARD OF COMMISSIONERS For the year 2012 salary and benefits the Board of Commissioners of the company amounted to Rp. 2.443.500.000. The salary and benefits of Commissioners is reported and fixed at the General Meeting of Shareholders.

3. DIREKSI

3.BOARD OF DIRECTORS

Direksi bertanggung jawab penuh dalam mengelola Perseroan untuk kepentingan dan tujuan Perseroan. Direksi mewakili Perseroan secara sah dan secara langsung baik di dalam maupun di luar pengadilan sebagaimana diatur dalam Anggaran Dasar Perseroan.

The Board of Directors are fully responsible for managing the interests and goals of the company. The Board of Directors represents the company legitimately and directly both within and outside the Court as set forth in the articles of Association of the Company.

Berdasarkan hasil Rapat Umum Pemegang Saham Tahunan pada tanggal 26 April 2011 masa jabatan Direksi selama 2 tahun dan akan berakhir pada Rapat Umum Pemegang Saham tahun 2013 dengan susunan Direksi Perseroan adalah sebagai berikut:

Based on the annual general meeting of shareholders on april 26, 2011 tenure of directors for two years and will end on general meeting of shareholders 2013 the composition of the Board of Directors of the company are as follows:

Presiden Direktur Wakil Presiden Direktur Direktur Direktur

: Budhi Moeljono : Mulyadi Utomo Budhi Moeljono : Wong Lukas Yoyok Nurcahya : Nurdjono Kusumohadi

RAPAT DAN KEHADIRAN Selama tahun 2012 Direksi telah mengadakan Rapat Direksi sebanyak 10 kali baik dilakukan sendiri oleh Anggota Direksi maupun dengan Dewan Komisaris atau Komite Audit. Dan tingkat kehadiran Anggota Direksi adalah 100%. Untuk membahas kegiatan operasional sehari-hari pertemuan

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President Commissioners Vice President Commissioners Commissioners Commissioners Commissioners Commissioners Independent Commissioners Independent Commissioners Independent Commissioners


President Director Vice President Director Director Director

: Budhi Moeljono : Mulyadi Utomo Budhi Moeljono : Wong Lukas Yoyok Nurcahya : Nurdjono Kusumohadi

MEETINGS AND ATTENDANCE During the year 2012 Board of Directors Meetings were held as much as 10 called by the members of the Board of directors or by the Board of Commissioners or the Audit Committee. And the level of attendance of members of the Board of Directors is 100%. To discuss the daily operations, Board of Directors

Direksi dilakukan secara rutin setiap Minggu dihadiri seluruh anggota Direksi.

meet carried regularly each week, and attended all the Board of Directors.

LINGKUP PEKERJAAN DAN TANGGUNG JAWAB Berikut ini kami sampaikan lingkup pekerjaan tanggungjawab masing-masing anggota Direksi:

DUTIES AND RESPONSIBILITY Duties and responsibility Directors:

dan

Presiden Direktur Dan Wakil Presiden Direktur Mengarahkan Perseroan agar mencapai kepada visi dan misi yang telah ditetapkan. Mengkoordinasikan kebijakan dan keputusan-keputusan yang diambil dengan direktur lainnya dan melaporkan kegiatan operasi Perseroan dalam RUPS.

President Directors and Vice President Director Directing company to reach to the vision and mission that has been set. Coordinate policies and decisions taken with the director other and report on the activity of operating the company in the general meeting of shareholders.

Direktur Plant Bertanggung jawab terhadap keefektifan, keefisiensian dari produksi Perseroan, menjamin kesesuaian dari hasil produksi agar sesuai dengan permintaan pelanggan, mempertahankan standard yang tinggi hasil produksi, kualitas produk, dan dapat diandalkan.

Plant Director Responsible for effectiveness and efficiency of the company’s production; to ensure that the products meet customer expectation, to maintain the best production standards; and maintain reliability of product quality.

Direktur Komersial Bertanggung jawab untuk memimpin, mengatur dan mengarahkan: Strategi dan taktik pemasaran dan serta inisiatif penjualan untuk memastikan pertumbuhan pendapatan yang menguntungkan. Menciptakan dan mempertahankan metode pengukuran atas keefektifan program pemasaran dan penjualan serta kinerja kerjanya inisiatif penjualan dan pemasaran yang strategis dan taktikal untuk menjamin pertumbuhan pendapatan yang menguntungkan.

Commercial Director Responsible to lead, arrange and direct: Marketing Strategy and be proactive to improve profit and income. Formulate and evaluate effectiveness of marketing and sales programs, and marketing strategy to achieve growth.

Direktur Keuangan Dan Administrasi Bertanggung jawab atas keuangan Perseroan agar sesuai sebagaimana mestinya dan dikelola dengan benar secara bertanggung jawab. Mengawasi kesehatan keuangan Perseroan secara keseluruhan. Memberikan nilai tambah pada Perseroan dengan menyediakan pandangan keuangan yang dapat dipercaya dan konsisten.

Finance and Administration Director Responsible to manage and monitor the Company’s financial health, and advice all financial aspects of the Company. Provide added value to the Company and provides a view of financial trustworthy and consistent.

Program pelatihan dalam rangka meningkatkan kompetensi Direksi. Pada tahun 2012 Perseroan telah mengirimkan salah seorang Direksi untuk mengikuti:

Training programmes in order to improve the competence of the Board of Directors For 2012 the company has sent one of the Board of Directors for the following:

• Sugar & Ethanol Asia 2012 Sheraton Grande Sukhumvit on 28 Feb 2012 • World Ethanol & Biofuels 2012 Hilton Munich park on 5th Nopember 2012

• Sugar & Ethanol Asia 2012 Sheraton Grande Sukhumvit on 28 Feb 2012. • World Ethanol & Biofuels 2012 Hilton Munich park on 5th Nopember 2012.


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RENUMERASI Untuk tahun 2012 Gaji dan Tunjangan Direksi adalah sebesar Rp. 7.769.072.000. Penetapan Gaji dan Tunjangan Direksi disampaikan dalam Rapat Umum Pemegang Saham.

RENUMERATION For 2012 salary and remuneration of directors is Rp. 7.769.072.000. The determination of salary and remuneration of directors presented in general meeting of shareholders.

4. KOMITE-KOMITE

4. COMMITTEES

Komite yang dimiliki Perseroan saat ini hanya Komite Audit.

The Company has only an Audit Committee

5. KOMITE AUDIT

5. AUDIT COMMITTEE

Tugas dan Tanggung Jawab Dalam menjalankan fungsinya, Komite Audit memiliki tugas dan tanggung jawab sebagai berikut:

Duties and responsibilities of the Audit Committee In conducting its function audit committee having function and responsibilities as follows:

a. Melakukan penelaahan atas informasi keuangan yang akan dikeluarkan Perseroan kepada publik dan atau pihak otoritas antara lain laporan keuangan, proyeksi, dan laporan lainnya terkait dengan informasi keuangan Perseroan.

a. Reviewing the financial information to be issued by the company to the public and/or authorities among others financial statements, projections, and other reports related to the company’s financial information.

b. Melakukan penelaahan atas ketaatan terhadap peraturan perundang-undangan yang berhubungan dengan kegiatan Perseroan.

b. Reviewing over adherence to laws-an invitation that is associated with the activities of the company.

c. Memberikan pendapat independen dalam hal terjadi perbedaan pendapat antara manajemen dan Akuntan atas jasa yang diberikannya.

c. Provide independent opinion in case of disagreements between management and the Accountant to the service they provide.

d. Memberikan rekomendasi kepada Dewan Komisaris mengenai penunjukan Akuntan yang didasarkan pada independensi, ruang lingkup penugasan, dan fee.

d. Providing recommendations to the Boc on the appointment of Accountants based on independence, the scope of the assignment, and the fee.

e. Melakukan penelaahan atas pelaksanaan pemeriksaan oleh auditor internal dan mengawasi pelaksanaan tindak lanjut oleh Direksi atas temuan Auditor Internal. f. Melakukan penelaahan terhadap aktivitas pelaksanaan manajemen risiko yang dilakukan oleh Direksi.

e. Reviewing the implementation of the internal auditor and inspection by overseeing the implementation of the follow-up by the Board of Directors of the internal auditor’s findings. f. Reviewing the implementation of the risk management activities conducted by the Board of Directors.

g. Menelaah pengaduan yang berkaitan dengan proses akuntansi dan pelaporan keuangan Perseroan.

g. Examines complaints related to accounting and financial reporting processes of the company.

h. Menelaah dan memberikan saran kepada Dewan Komisaris terkait dengan adanya potensi benturan kepentingan Perseroan.

h. Analyses and give advice to the board of commissioners regarding the potential conflict of interests of the company.

i. Menjaga kerahasiaan dokumen, data dan informasi Perseroan.

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i. Keeping the votes of documents, data and information of the company.

SUSUNAN KOMITE AUDIT Berdasarkan keputusan Rapat Dewan Komisaris Perseroan tanggal 11 Mei 2011, susunan dan riwayat hidup singkat anggota Komite Audit PT Indo Acidatama Tbk adalah sebagai berikut: Ketua

: Wymbo Widjaksono - Komisaris BPR Insani Group

Anggota :

1. Bernard Edhi Hartono - Sarjana Akuntansi Universitas Diponegoro Semarang, lulus tahun 1991 - KAP Leonard, Mulia & Richard 2. Emma Endang Susilowati, S.E. - Sarjana Akuntansi STIE Yogyakarta, lulus tahun 1993 - Manager PT Insani Investama

Members : 1. Bernard Edhi Hartono - Bachelor of Accounting University of Diponegoro Semarang, graduating in 1991 - KAP Leonard, Mulia & Richard

YKPN

RAPAT KOMITE AUDIT Selama tahun 2012 Komite Audit telah mengadakan beberapa kali rapat dengan jumlah kehadiran sebagai berikut: Nama | Name

MEMBER OF AUDIT COMMITTEE Based on the decision of the meeting of the Board of Commissioners of the company on May 11, 2011 with the duty of two years after the meeting of the Board of Commissioners, with the arrangement and brief curriculum vitae of members of the Audit Committee of PT Indo Acidatama Tbk are as follows: Chairman : Wymbo Widjaksono - Commissioner BPR Insani Group

Jumlah rapat | Meeting

2. Emma Endang Susilowati, S.E. - Bachelor of Accounting STIE YKPN Yogyakarta, graduating in 1993 - Assistant General Manager of PT Insani Investama MEETING AUDIT COMMITTEE During 2012 the Audit Committee conduct several meetings with the attendance as follows. Kehadiran | Attendance

WYMBO WIDJAKSONO

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BERNARD EDHI HARTONO

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4

EMMA ENDANG S, S.E.

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KEGIATAN - KEGIATAN KOMITE AUDIT Kegiatan - kegiatan yang telah dilakukan selama tahun 2012 adalah sebagai berikut : 1. Menelaah dan membahas dengan pihak Manajemen atas laporan keuangan dan laporan Internal Audit secara berkala (triwulanan). 2. Memberikan masukan dan arahan kepada pihak Manajemen tentang langkah-langkah strategis yang perlu dilakukan untuk mengembangkan usaha dan manajemen resiko. 3. Melakukan koordinasi dengan Internal Audit dalam rangka meningkatkan sistem pengendalian internal dan terciptanya tata kelola perusahaan yang baik (Good Corporate Governance). 4. Menelaah ketaatan Perseroan terhadap peraturan perundang-undangan di bidang Pasar Modal dan peraturan perundang-undangan lainnya yang berhubungan dengan kegiatan Perseroan. 5. Memberikan masukan mengenai penerapan standar akuntansi keuangan yang baru yang relevan dengan aktivitas usaha Perseroan. 6. Melakukan koordinasi dengan Eksternal Audit berkaitan dengan temuan atas audit yang dilakukan dalam rangka perbaikan Sistem Pengendalian Internal. 7. Melaporkan kepada Dewan Komisaris jika terdapat hal-hal yang perlu mendapat perhatian khusus Dewan Komisaris.

Jabatan | Position Ketua Komite Audit/ Komisaris Independen Anggota Komite Audit Anggota Komite Audit

ACTIVITIES AUDIT COMMITTEE The activities has done during the year 2012 as follows: 1. Reviewing and discussing with management the financial statements and internal audit reports at regular intervals (quarterly). 2. Provide input and guidance to the management of strategic steps that need to be done to develop the business and risk management. 3. Coordinate with Internal Audit in order to improve internal control systems and the creation of corporate governance (Corporate Governance) is good. 4. Reviewing the firm adherence to the regulations on capital market laws and regulations related to corporate activities.

5. Provide input regarding the application of new accounting standards that are relevant to the business activities of the company. 6. Coordinating with external audient pertaining to the findings on auditing done in order to improvements in internal control. 7. Report to the Board if there are things that need special attention Board Of Commissioner.


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Berdasarkan kegiatan-kegiatan yang telah dilakukan oleh Komite Audit, Komite Audit berpendapat bahwa Perseroan telah dikelola dengan tata kelola perusahaan yang baik dan Perseroan telah mematuhi peraturan perundang-undangan di bidang Pasar Modal dan peraturan perundang-undangan lainnya yang berhubungan dengan kegiatan Perseroan.

Based on the findings of the activities the Audit Committee argue that the internal control system has worked well and the Company has implemented risk management and corporate governance well.

SEKRETARIS PERUSAHAAN Sekretaris Perusahaan memiliki tugas untuk memberikan pelayanan kepada masyarakat pasar modal atau kalangan investor, mengikuti perkembangan pasar modal dan peraturan-peraturan yang berlaku, memberikan masukan kepada Direksi agar Perseroan dapat berjalan sesuai aturan yang berlaku baik di pasar modal maupun aturan lainnya. Dan sebagai kontak person antara Perseroan dengan Bapepam, Bursa Efek Indonesia dan pihak publik lainnya. Sejak tahun 2001 Corporate Secretary Perseroan dijabat oleh Benny Herman berdasarkan keputusan Direksi tahun 2001.

CORPORATE SECRETARY Corporate secretary has obligation to provide services to the public capital market or among investors, follow the capital market and ordinances which applies, give advice to the board of directors to the company may go as the rules in share market or any rules And as contact person between the company and bapepam, indonesia stock exchange and the other public. Since 2011 the company’s Corporate Secretary replacing Benny Herman is based on the decision of the Board of Directors in 2001.

Nama dan riwayat hidup singkat Sekretaris Perseroan adalah sebagai berikut: Nama : Benny Herman

Brief background and details of the Corporate Secretary are as below: Name : Benny Herman

• Sarjana Muda Sekolah Tinggi Managemen Informatika dan Komputer Bina Nusantara • Bergabung dengan PT. Indo Acidatama Tbk sejak tahun 2001 sebagai Corporate Secretary

• Diploma, Management Information and Computers, Bina Nusantara. • Joined the Company as a Corporate Secretary since 2001.

UNIT AUDIT INTERNAL Perseroan memiliki bagian Audit Internal yang bertanggung jawab langsung kepada Presiden Direktur untuk melakukan fungsi audit terhadap kegiatan operasional sehari-hari dan pelaporan keuangan yang dilakukan oleh Perseroan. Dalam menjalankan tugasnya, Audit Internal juga bekerja sama dengan Komite Audit. Unit Audit Internal dipimpin oleh seorang Kepala Internal Audit yang dibantu oleh 1 staf audit.

UNIT INTERNAL AUDIT The company has an Internal Audit Section responsible directly to the President Director of audit to perform the function of the daily operations and financial reporting is done by the company. In carrying out its duties, Internal Audit also works closely with the Audit Committee. The Internal Audit Unit is led by a head of Internal Audit who is assisted by the audit staff 1.

Kepala Internal Audit Perseroan pada tahun 2012 mengalami pergantian dengan periode masa jabatan sebagai berikut:

The head of Internal Audit of the company by 2012 through the turn with the tenure period as follows:

Verina Santoso periode 1 Januari – 30 April 2012

Verina Santoso periode 1 January – 30 April 2012

• Manchester University, U.K–BA (Hons) Finance: Upper 2nd Class. • St. Bede’s College U.K–GCE A Level: mathematics, Business Studies, IT. • Ditunjuk berdasarkan Keputusan Direksi tahun 2010 yang telah disetujui oleh Dewan Komisaris. Yohanes Harry Sukmono 1 Mei – 29 Oktober 2012 • Sekolah Tinggi Ilmu Ekonomi YKPN Yogjakarta–Jurusan Akuntansi tahun 2009. • Universitas Sebelas Maret Surakarta-Pendidikan Profesi Akuntan tahun 2011. • Ditunjuk berdasarkan Keputusan Direksi tahun 2012 yang telah disetujui oleh Dewan Komisaris. Untuk periode 30 Oktober 2012 sampai akhir Desember 2012 Kepala Internal Audit Perseroan belum mendapatkan pengganti dari Yohanes Harry Sukmono.

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• Manchester University, U.K–BA (Hons) Finance: Upper 2nd Class. • St. Bede’s College U.K – GCE A Level: mathematics, Business Studies, IT. • Appointed by decision of the Board of Directors in 2010 that was approved by the Board of Commissioners. Yohanes Harry Sukmono 1 May– 29 October 2012 • Sekolah Tinggi Ilmu Ekonomi YKPN Yogjakarta–Jurusan Akuntansi tahun 2009. • Universitas Sebelas Maret Surakarta-Pendidikan Profesi Akuntan tahun 2011. • Appointed by decision of the Board of Directors in 2012 that was approved by the Board of Commissioners. For the period October 30, 2011 until the end of December 2012 the head of Internal Audit of the company has yet to get a replacement from Yohanes Harry Sukmono.

TUGAS DAN TANGGUNG JAWAB 1. Menyusun dan melaksanakan rencana Internal Audit tahunan; 2. Menguji dan mengevaluasi pelaksanaan pengendalian interen dan sistem manajemen risiko sesuai dengan kebijakan perusahaan; 3. Melakukan pemeriksaan dan penilaian atas efisiensi dan efektivitas di bidang keuangan, akuntansi, operasional, sumber daya manusia, pemasaran, teknologi informasi dan kegiatan lainnya; 4. Memberikan saran perbaikan dan informasi yang objektif tentang kegiatan yang diperiksa pada semua tingkat manajemen; 5. Membuat laporan hasil audit dan menyampaikan laporan tersebut kepada Presiden Direktur dan Dewan Komisaris. 6. Memantau, menganalisa dan melaporkan pelaksanaan tindak lanjut perbaikan yang telah disarankan; 7. Bekerja sama dengan Komite Audit; 8. Menyusun program untuk mengevaluasi mutu perbaikan internal audit yang dilakukannya; dan 9. Melakukan pemeriksaan khusus apabila diperlukan.

DUTIES AND RESPONSIBILITIES 1. The drawing up and implementing internal audit;

PELAKSANAAN TUGAS Pada tahun 2012 Unit Audit Internal telah melaksanakan tugas sebagaimana yang dicantumkan dalam piagam unit audit internal.

PERFORMANCE OF DUTIES In 2012 unit internal audit had prosecute as stated in the charter unit internal audit.

PENGENDALIAN INTERNAL Perseroan sepenuhnya menyadari pentingnya sebuah system audit internal yang efektif. Divisi Internal Audit membantu manajemen dalam melakukan fungsi pengawasan operasional perseroan, dengan memberikan keyakinan (assurance) dan konsultasi yang bersifat independen dan objektif, yang bertujuan untuk memberikan nilai tambah dan perbaikan secara berkesinambungan terhadap kegiatan operasional.

INTERNAL CONTROL The Company fully aware of the importance of a system of effective internal auditing. Internal Audit Division help the management in performing the functions of operational supervision of companies, by providing confidence (assurance) and consulting, independent and objective, which aims to provide added value and continuous improvement of operational activities.

Fokus Divisi Internal Audit selain melakukan fungsi pengawasan diatas, juga melakukan standarisasi atas cara kerja fungsi Audit Internal disemua unit bisnis dengan pendekatan audit berbasis risiko. Standarisasi proses audit dilakukan dengan membuat kebijakan-kebijakan proses audit yang telah disetujui oleh Komite Audit dan Presiden Direktur. Perseroan telah memiliki Internal Audit Charter yang dipakai sebagai dasar dalam melaksanakan audit.

The focus of Internal Audit Division in addition to the above supervisory functions, as well as standardizing the workings of the Internal Audit function in all business units with a riskbased audit approach. Standardization of the audit process is done by making the policies of the audit process which has been approved by the Audit Committee and the President Director. The Company has Internal Audit Charter which is used as basis in conducting the audit.

Dalam rangka meningkatkan kapabilitas dan keahliannya, mengikuti berbagai kursus dan pelatihan dalam bidang investigasi audit.

In order to increase the capabilities and expertise, attended various courses and training in the field of audit investigation.

2. Annual plan. Test and evaluate the interen risk management and control systems in accordance with company policy; 3. Perform an examination and judgment upon efficiency and effectiveness in the area of financial accounting, operational human resources marketing- information technology and other activities; 4. Give advice repairs and very objective information about activities that examined at all levels management; 5. Make the audit report and the report presented to the president directors and board of commissioners. 6. Surveilling, analyzes and reported the follow-up improvements have suggested; 7. Cooperate with audit committee; 8. Composing internal improvements program to evaluate the audit do; and 9. Do inspection of particulars if necessary.


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MANAGEMEN RISIKO Berbagai aktivitas yang dilakukan membuat Perusahaan menghadapi berbagai macam risiko keuangan, termasuk dampak perubahan harga komoditas dan nilai tukar mata uang asing.

RISK MANAGEMENT The Company’s activities expose it to a variety of financial risk, including the effects of changes in commodity price and foreign currency exchange rates.

Manajemen risiko dijalankan oleh Direksi. Direksi bertugas melakukan identifikasi, evaluasi dan lindung nilai yang tepat terhadap risiko-risiko keuangan jika diperlukan. Direksi menentukan prinsip manajemen risiko secara keseluruhan, sekaligus juga menetapkan kebijakan-kebijakan yang mencakup risiko-risiko dalam bidang tertentu, seperti risiko tingkat kredit, risiko likuiditas, risiko mata uang, dan risiko harga komoditas. Beberapa risiko yang di hadapi oleh Perusahaan adalah sebagai berikut:

The Board Directors identifies, evaluates and hedges financial risks, where considered ppropriate. The Board of Directors provides principles for overall risk management, as well as policies covering specific areas, such as credit risk, liquidity risk, foreign currency risk, and commodity price risk.

(i). Risiko Kredit Risiko kredit merupakan risiko yang muncul dikarenakan debitur tidak membayar semua atau sebagian piutang atau tidak membayar secara tepat waktu dan akan menyebabkan kerugian Perusahaan. Risiko kredit Perusahaan terutama melekat pada penagihan penjualan. Perusahaan mengendalikan eksposur risiko kredit dengan menetapkan kebijakan dimana persetujuan atau penolakan kontrak penjualan dan kepatuhan atas kebijakan tersebut dipantau oleh direksi. Sebagai bagian dari proses persetujuan atau penolakan tersebut, reputasi dan catatan historis pelanggan menjadi bahan pertimbangan.

(i). Credit Risks Credit risk represents risk due to the possibility that a customer will not repay all or a portion of a receivable or will not repay in a timely manner and therefore will cause a loss the Company. The Company ’s credit risk mainly sticks on collection of sales. The Company controls its xposure to credit risk by setting its policy in approval or rejection of new sales contract and compliance is monitored by the Directors. As part of the process in approval or rejection, the customer reputation and track record is taken into consideration.

Selain pengungkapan dibawah ini, Perusahaan tidak memiliki konsentrasi risiko kredit.

The Company has no concentration of credit risk other than as disclosed below.

Kas dan Bank Risiko kredit atas penempatan rekening Koran dikelola oleh manajemen sesuai dengan kebijakan Perusahaan. Penempatan dana dan hanya dilakukan bank dengan reputasi dan kredibilitas yang baik. Kebijakan ini dievaluasi setiap tahun oleh Direksi untuk meminimalkan risiko konsentrasi kredit sehingga mengurangi kemungkinan kerugian akibat kebangkrutan bank-bank tersebut.

Cash on Hand and in Banks Credit risk arising from placements of current accounts is managed in accordance with the company’s policy. Fund placement only placing in the banks that have a good reputation and credibility. This policy is reviewed annually by Director to minimize the concentration of credit risk and therefore mitigate financial loss through potential failure of the banks.

Piutang Usaha Risiko kredit atas penjualan kredit kepada pelanggan adalah risiko bahwa Perusahaan akan mengalami kerugian yang timbul dari pelanggan yang gagal memenuhi kewajiban kontraktual mereka. Perusahaan mengelola dan mengendalikan risiko kredit dengan menetapkan kebijakan atas persetujuan atau penolakan kontrak kredit baru. Kepatuhan atas kebijakan tersebut dipantau oleh Direksi. Sebagai bagian dari proses persetujuan atau penolakan tersebut, reputasi dan rekam jejak pelanggan menjadi bahan pertimbangan. Perusahaan melakukan hubungan usaha hanya dengan pihak ketiga yang diakui dan kredibel. Manajemen menerapkan peninjauan

Trade Receivables Credit risk in respect of credit sales to customers is the risk that the Comapany will incur a loss arising from its customers that fail to discharge their contractual obligations. The Company manages and controls this credit risk by setting its policy in approval or rejection of new credit contract. Compliance to the policy is monitored by the Board of Director. As part of the process in approval or rejection, the customer reputation and track record is taking into consideration. The Company trades only with recognized and creditworthy third parties. The Company’s management applies weekly and monthly trade receivables aging review and collection to limit its credit


The Company faces several risk such as follows:

mingguan dan bulanan pada umur piutang dan penagihan untuk membatasi risiko kredit. Sesuai dengan kebijakan manajemen, pelanggan yang tagihannya telah melewati batas jatuh tempo akan dikenakan status hold.

risk. Subject to management decision, customer that has long outstanding overdue accounts will be subject for hold status.

Saat ini tidak ada risiko kredit terpusat secara signifikan.

There are no significant concentrations of credit risk.

Pada tanggal pelaporan, eksposur maksimum Perusahaan terhadap risiko kredit adalah sebesar nilai tercatat masingmasing kategori asset keuangan yang disajikan pada laporan posisi keuangan.

At the reporting date, the Company’s maximum exposure to credit risk is represented by the carrying amount of each class of financial assets presented in the statements of financial position.

(ii). Risiko Likuiditas Risiko likuiditas adalah suatu risiko yang dapat terjadi dimana pendapatan jangka pendek tidak dapat menutupi pengeluaran jangka pendek. Pada saat ini Perusahaan berharap dapat membayar semua liabilitas pada saat jatuh tempo. Untuk memenuhi komitmen kas, Perusahaan berharap kegiatan operasinya dapat menghasilkan arus kas masuk yang cukup. Perusahaan memelihara rekening bank yang cukup memadai untuk memenuhi kebutuhan likuiditasnya.

(ii). Liquidity Risks Liquidity risk is a risk taht occurs when short-term revenue cannot cover short-term expenditure.

(iii). Risiko Mata Uang Asing Risiko mata uang merupakan risiko fluktuasi nilai instrumen keuangan yang disebabkan perubahan nilai tukar mata uang asing.

(iii). Foreign Currency Risk Foreign currency risk represents fluctuation of financial instrument caused by changes of foreign currency exchange.

Perusahaan tidak secara signifikan terpengaruh dengan risiko mata uang asing, karena sebagian besar transaksi Perusahaan dalam mata uang Rupiah.

The Company is not significantly affected by foreign currency risk, because most of the Company’s transactions are in Rupiah currency.

(iv). Risiko Tingkat Suku Bunga Risiko suku bunga terdiri dari risiko suku bunga atas nilai wajar, yaitu risiko fluktuasi nilai instrumen keuangan yang disebabkan perubahan suku bunga pasar, dan risiko suku bunga atas arus kas, yaitu risiko arus kas di masa datang akan berfluktuasi karena perubahan suku bunga pasar.

(iv). Interest Rate Risk Interest rate risk consists of fair value interest rate risk, which is the risk of fluctuation of financial instrument caused by changes in in market interes rate, and cash flow interest rate risk, which is the risk that the future cash flow of a financial instruments will fluctuate due to changes in market interest rate. The Company exposures to interest rate risk mainly concerns financial liabilities. The financial liabilities which owned by the Company as of December 31, 2012 and 2011 have floating interest rate. The Company strictly monitored the market interest rate fluctuation and if the market interest rate significantly increased, the Company will renegotiate the interest rate to the lender.

Perusahaan terekspos risiko tingkat suku bunga terutama menyangkut liabilitas keuangan. Adapun liabilitas keuangan yang dimiliki Perusahaan pada 31 Desember 2012 dan 2011 memiliki tingkat suku bunga mengambang. Perusahaan akan memonitor secara ketat pergerakan suku bunga di pasar dan apabila suku bunga mengalami kenaikan yang signifikan maka Perusahaan akan menegosiasikan suku bunga tersebut dengan pemberi pinjaman. (v). Risiko Harga Risiko harga adalah risiko fluktuasi nilai instrument keuangan sebagai akibat perubahan harga harga pasar, terlepas dari apakah perubahan tersebut disebabkan oleh faktor-faktor spesifik dari instrumen individual atau penerbitnya atau faktorfaktor yang mempengaruhi seluruh instrument yang diperdagangkan di pasar.

The Company expects to pay all liabilities at their maturity. In order to meet cash commitment, the Company expects its operating activities able to generate sufficient cash inflows. The Company maintain adequate bank account to meet liquidity need.

(v). Price Risk Price risk is the risk that the value of a financial instrument will fluctuare as a result of changes in market prices, whether those changes are caused by factors specific to the individual instrument or its issuer or factors affecting all instruments traded in the market.


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Perusahaan terkena dampak risiko harga yang terutama diakibatkan oleh pembelian tetes tebu yang merupakan bahan baku utama. Harga tetes tebu tersebut dipengaruhi oleh beberapa faktor, antara lain permintaan dan pasokan. Dampak risiko harga tersebut mengakibatkan kenaikan biaya produksi. Dampak yang terjadi terhadap instrumen keuangan adalah penyediaan kebutuhan dana yang cukup besar untuk pembelian bahan baku.

The Company are expoxed to price risk that is mainly due to the purchase of molasses whic is the main raw material. The price of molasses in influenced by several factors, including demand and supply. The impact of price risk of productionn costs will rise. The impact to the financial instruments is providing substantial funding requirements for the purchase of raw materials.

Kebijakan Perusahaan untuk meminimalkan resiko yang berasal dari fluktuasi harga tetes tebu adalah antara lain dengan mengadakan kontrak pembelian yang berjangka waktu 12 bulan atau kurang dan pembelian kepada pemasok agar mendapatkan harga dan kuantitas yang memadai.

The Company’s policy to minimize risks arising from fluctuations in the price of molasses is among other things entered into purchase contracts for a period of 12 months or less to suppliers in order to obtain sufficient prices and quantities.

SANKSI ADMINISTRATIF Pada tahun 2012 BAPEPAM telah mengirimkan surat berupa sanksi administratif berupa denda atas keterlambatan penyampaian laporan tahunan 2011. Atas sanksi tersebut Perseroan dikenakan denda sebesar Rp. 1.000.000 atas terlambatnya penyampaian laporan tahunan 2011 selama 1 (satu) hari dan atas denda tersebut Perseroan telah menyelesaikannya dengan membayarkan ke kas negara.

ADMINISTRATIVE SANCTIONS in 2012 bapepam had already sent a letter in the form of administrative sanctions in the form of fine for delay in delivery of the annual report 2011. Over sanction the company liable to a fine Rp. 1,000,000 over delays of submission of the annual report 2011 during a 1 (one) of the day and over the fine the company has paid to solve it by a state treasury.


Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility Komitment untuk tetap menjaga bumi tetap hijau merupakan kebijakan yang diambil oleh Perseroan sehubungan dengan Tanggung Jawab Sosial Perusahaan (CSR). Untuk itu Perseroan mengembangkan produk-produk yang yang tetap menjaga bumi. Sebagai contoh salah satu produk Perseroan adalah Pupuk Bio Organik Plus yang digunakan untuk meningkatkan produksi pertanian selain itu mampu meningkatkan kesuburan lahan pertanian tersebut, dan pada akhirnya akan meningkatkan kesehatan masyarakat dan lingkungan. Adapun program-program yang telah dilaksanakan oleh Perseroan adalah sebagai berikut :

The commitment to keeping the Earth green still is the policy adopted by the company with respect to corporate social responsibility (CSR). For that the company develop products that keep the Earth. As an example of one of the company’s products are Organic Plus Bio Fertilizer was used to improve agricultural production, in addition to increase the fertility of agricultural land, and will ultimately improve the health of people and the environment. As for programs that have been implemented by the company is as follows:

POSYANDU | POSYANDU Bantuan Makanan Tambahan 6 Posyandu @ Rp 750.000 | Food aid additional for 6 Posyandu @ Rp 750.000 KEAGAMAAN | RELIGIOUS A. Agama Islam | Islamic Religious • Bingkisan lebaran, 1.000 paket @ Rp 25.000 | Idul Fitri gift, 1.000 paket @ Rp 25.000 • Bantuan perlengkapan sholat, 12 paket @ Rp 317.000 | Accoutrements prayers, 12 paket @ Rp 317.000 • Bantuan hewan qorban, 26 ekor kambing @ Rp 1.150.000 | sacrificial animals, 26 ekor kambing @ Rp 1.150.000 B. Agama Kristen-Katolik | Christian Catolic Religious • Bingkisan Natal dan bangku sekolah, anjal | Christmas gifts and A bench school LINGKUNGAN | ENVIRONMENT A. Perbaikan jalan | Road Repair B. Kegiatan masyarakat | Public Activity Jumlah | Total

Rp

4.500.000

Rp 25.000.000 Rp 3.804.000 Rp 29.900.000

Rp

6.920.300

Rp 45.500.000 Rp 13.000.000 Rp 128.624.300

Aspek Lingkungan Hidup

The Environmental Aspects

Bahan baku utama dari pembuatan produk Perseroan adalah Tetes Tebu yang dihasilkan dari tanaman tebu. Keseluruhan limbah yang dihasilkan dari proses produksi dapat digunakan untuk bahan baku produk lainnya sehingga saat ini Perseroan menuju “Zero Discharge “ tidak ada limbah yang dihasilkan dari proses produksi. Sebagai tanggung jawab Perseroan kami selalu melakukan Proper Test sehingga saat ini Perseroan mendapatkan sertifikat Proper Biru.

The main raw materials of manufacture of the products of the company are produced from Molasses of sugar cane plants. Overall waste resulting from the production process can be used for raw materials and other products that currently the company towards “Zero Discharge“. There is no waste resulting from the production process. The company’s responsibility as we always do Proper Test so that currently the company is getting a Proper Blue certificate.

Aspek Ketenagakerjaan

The Aspect Of Employment

Hubungan yang harmonis antara karyawan dan Perseroan merupakan ciri yang dimiliki oleh PT. Indo Acidatama Tbk. Budaya ini terus dikembangkan oleh Perseroan agar mencapai visi dan misi yang telah ditetapkan. Selain itu Perseroan terus melakukan peningkatan kesejahteraan karyawan dengan memberikan hal berikut berupa :

Hamonous employee relationship is a salient feature of PT. INDO ACIDATAMA Tbk. This culture will be deloped further to realize the Vision and Mission of the company. The Company is very aware that the employee welfare program to provide the Company’s facilities include:

• Fasilitas dan Tunjangan seperti program asuransi kesehatan, jaminan hari tua, poliklinik, koperasi, sarana rumah ibadah, kegiatan olahraga , seni budaya dan rekreasi keluarga. • Program Pelatihan dan Pengembangan secara internal dan eksternal seperti keselamatan kerja, perawatan mesin dan training motivasi dan sebagainya.

• Facilities and benefits programs such as health insurance, old age security, polyclinics, cooperative, means a house of worship, sports, art and culture and recreation of families. • Training and development programs conducted in-house and off-premises covering work place safety, maintenance of machineries, motivational training, etc


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Perseroan juga memberikan kesempatan bagi karyawan yang berprestasi untuk terus mengembangkan keahliannya dengan memberikan program pelatihan melalui training dan seminar. Perseroan juga menerapkan transparansi pada karyawan dalam hal penilaian prestasi kerja dengan metode Reward and Punishment. Dan secara rutin, Perseroan selalu mengagendakan program pelatihan untuk meningkatkan kualitas karyawan melalui program workshop, training, maupun seminar.

The company also provides opportunities to employees to continuously develop their skills through training programs and seminars. The company has a transparent system for performance evaluation of its employees by adopting a method of reward and punishment. The company, routinely conducts programs for improving worker skills through workshops, training and seminars.

Aspek Pengembangan Sosial Dan Kemasyarakatan

The Aspect Of Public Social

Perseroan memberikan kesempatan untuk tenaga kerja disekitar Perusahaan untuk menjadi karyawan sesuai dengan kriteria yang dibutuhkan. Poliklinik Perseroan juga terbuka untuk masyarakat sekitar Perusahaan.

The company give occasion to labor around company to become employees in accordance with criteria is needed. Polyclinic the company also open for local residents company.

Aspek Tanggung Jawab Produk

Aspect Responsibility Products

Sebagai Perusahaan yang memiliki visi menjamin kualitas produk sesuai standar internasional dan kuantitas produk sesuai permintaan serta selalu memenuhi komitmen yang telah disepakati dengan pelanggan maka sebagai wujud nyata dari visi tersebut maka pada tahun 2010 Perseroan melakukan suatu sertifikasi HACCP ( Hazard Analysis Critical Control Point ) dengan tujuan agar produk Perseroan aman untuk dikonsumsi dan terhindar dari bahaya kontaminan baik secara phisik , kimia dan biologi.

As a company with vision ensure the quality of products based international standards and quantity products on demand and always fulfill the commitment the agreed with customers and as the reality of that vision and in 2010 the company to perform a certification haccp ( hazard critical analysis control point ) with the aim to products the company safe to eat and avoid the danger of contaminants both in phisik, chemical and biological.

Penyerahan simbolis kambing qurban Symbolic cession qurban goat

Penyerahan secara simbolis Paket Lebaran Cession symbolically package

Penyerahan Bingkisan Natal Anak Jalanan Christmas gift cession street children

Penyerahan simbolis perlengkapan sholat Symbolic cession accoutrements prayers

Untuk informasi mengenai Perseroan dapat menghubungi | For further information regarding the Company, please contact: Kontak Person Email Alamat Tlp Fax

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: Benny Herman : [email protected] : Gedung Graha Kencana Jl. Raya Perjuangan No. 88 Kebon Jeruk, Jakarta Barat - Indonesia : +62 21 53660777 : +62 21 53660698


SURAT PERNYATAAN ANGGOTA DEWAN KOMISARIS DAN DIREKSI TENTANG The Statement of Board of Commissioner and Directors for TANGGUNG JAWAB ATAS LAPORAN TAHUNAN 2012 The Responsibility for the 2012 Annual Report PT.INDO ACIDATAMA TBK Kami yang bertanda tangan di bawah ini menyatakan bahwa semua informasi dalam laporan tahunan PT. INDO ACIDATAMA Tbk tahun 2012 telah dimuat secara lengkap. Kami bertanggung jawab penuh atas laporan tahunan PT. Indo Acidatama Tbk tahun 2012.

We, the undersigned testify that all information contained in the 2012 Annual Report of PT. Indo Acidatama Tbk have been presented in their entirety. We assume full responsibility for the accuracy of the contents of the 2012 Annual Report of PT. Indo Acidatama Tbk.

Demikian pernyataan ini dibuat dengan sebenarnya.

This statement is hereby made in all truthfulness. Jakarta, 1 April 2013

Dewan Komisaris | The Board of commissioners

Bambang Setijo Presiden Komisaris President Commissioner

Tio Liong Khoeng Wakil Presiden Komisaris Vice President Commissioner

Biantoro Setijo Komisaris Commissioner

Budhi Hartono Komisaris Commissioner

A. Budidarmodjo Komisaris Commissioner

Hartono Setyo Komisaris Commissioner

Budhi Santoso Komisaris Commissioner

Stephanus Junianto Komisaris Commissioner

Wymbo Widjaksono Komisaris Commissioner

Direksi | Directors

Budhi Moeljono Presiden Direktur President Director

Mulyadi Utomo Budhi Moeljono Wakil Presiden Direktur Vice President Director

Wong Lukas Yoyok Nurcahya Direktur Director

Nurdjono Kusumohadi Direktur Director


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LAPORAN KEUANGAN Financial Report 2012

46



47

48



49

PT INDO ACIDATAMA Tbk STATEMENTS OF FINANCIAL POSITION  

PT INDO ACIDATAMA Tbk LAPORAN POSISI KEUANGAN   

           

 

 

      

 







       

       

        

           

      



       

       

       











       

     

      

      

       

   

 

  

  

   







   

   

       

















        

  





  50  Laporan Tahunan 2012 PT Indo Acidatama Tbk.







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



PT INDO ACIDATAMA Tbk STATEMENTS OF COMPREHENSIVE INCOME   

PT INDO ACIDATAMA Tbk LAPORAN LABA RUGI KOMPREHENSIF       





















  

  

  



















  

  

   







 

 

   





 





 

  

 



    

  

        

 



   

 



 

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







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




51

52


   

   

 

 



 

    

    





 



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



PT INDO ACIDATAMA Tbk LAPORAN PERUBAHAN EKUITAS   



 

 





 

 





   

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

 

 





     

     



 

 





   

PT INDO ACIDATAMA Tbk STATEMENTS OF CHANGES IN EQUITY   

PT INDO ACIDATAMA Tbk STATEMENTS OF CASH FLOWS   

PT INDO ACIDATAMA Tbk LAPORAN ARUS KAS                                        

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





 

    

    





 

 

 

 





 

 

















   





 

  

    

   

 

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



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

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



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



 

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




53

PT INDO ACIDATAMA Tbk NOTES TO FINANCIAL STATEMENTS   

PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN    



1. 

1.

Umum

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

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

                     

   

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

                                     

                

                               



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

                               

                       

   

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54

General

 Laporan Tahunan 2012 PT Indo Acidatama Tbk. 









PT INDO ACIDATAMA Tbk NOTES TO FINANCIAL STATEMENTS (Continued)   

PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)                                                          

         







                  

        

         

         

   

    

    

    

   

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    

                                  

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





  

  

            

            



     

     

     

     

     



    

  





           

 

     

        






55


PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)       2. Penerapan Pernyataan dan Interpretasi Standar Akuntansi Keuangan yang Direvisi (PSAK dan ISAK Revisi)

2. Adoption of Revised Statements of Financial Accounting Standards and Interpretation to Statements of Financial Accounting (Revised SFAS and IFAS)

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

56 Laporan Tahunan 2012 PT Indo Acidatama Tbk. 

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


PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)       •    •          •   •  •   •  •                •                                 •                •                           

                           

 

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•                •            •        •  •         •  •                    •                                         •             •                                             


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PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)       •                                     •                           

 •                             

                                      

                         

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•                     

        

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

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                                                        



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58

 


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



   




PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)                

                

                    •   •  •   

            •   •  •         



 

3. Ikhtisar Kebijakan Akuntansi                                                                                                                      

3.

Summary of Accounting Policies

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


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59

PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)                       

                     

   



     

     

                                       



                                                                                        

60



         

     

          

                       

                                                           

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PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)                                   

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                   

      

 

                            

                                    





                         

 

     







        

 



                             



                       

 

                        

     

                       

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                     

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PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)                

         

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                      

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               

             

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         

                            

                               

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             

      

                                                   


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

                  

          



                              

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

    



PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)                                                                             

PT INDO ACIDATAMA Tbk NOTES TO FINANCIAL STATEMENTS (Continued)           

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

                                        

                                                            2012 Annual Report PT Indo Acidatama Tbk

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PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)                  

                                 

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

 

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                                                                       

                                                   


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                                                                                   

                                          

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PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)                                                                   

                                                                                         

PT INDO ACIDATAMA Tbk NOTES TO FINANCIAL STATEMENTS (Continued)                                                   

                                                                                        

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PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)                                    

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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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        


PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)         

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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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PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)       •   •   •        •  

•         •         •   •       



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                                                                                                                                                 


                                                                                                             

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PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)       •                                       

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  

•                 

•                                 

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• 

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                       

                

          

                                                                     

 

        

                                                                              


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PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)                                                  4. 

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

4. Cash on Hand and in Banks  

 





      

      

 

 

  

  





  

  

                     



     




5.

Piutang Usaha



70

           

Kas dan Bank

        

 5.   

                   

  



Trade Receivables

  





    

    



       



PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)                              

            

   

      

PT INDO ACIDATAMA Tbk NOTES TO FINANCIAL STATEMENTS (Continued)     

 

                    

                    

  







  

  

 

 

  

       



  









 

 

     





 

 

  

  



 

  

  

                    



  

  




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PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)         

                

       

         

         

       

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6. Aset Keuangan Lancar Lainnya          

6. Other Current Financial Assets         

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                                                                     

             7. Persediaan        

        

       

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                                    

         7. Inventories

 

 

       

       



      





72







PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)      

 

 

     

 

   

   



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

  

 

           8. Taxation   





 

 

   



  

 

  

          

 



                                             

 



 

   

  

  



   






73


                 

     

PT INDO ACIDATAMA Tbk NOTES TO FINANCIAL STATEMENTS (Continued)     

  

   

   

  

  

        

       

       

        





 

 





                                            



 

  

  

   

   

 




  



74

      

              

 

       







       






PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)         

 





   

        

           

   

 





   

   

   

   

   











 

 

 

 

 

           

          

 

 

    

    

    







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









   



      

    

        



            

     

              




75


PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)                     

       





 9. 

           

9. Advances for Purchases and Others

Uang Muka Pembelian dan Lainnya  

   

 

   



                  10. Properti Investasi 

   

   

   



            10. Investment Properties

    

     

 

  

  

  







  

  

  







                  

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                                                    

    

    

  

  

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         

                      76 Laporan Tahunan 2012 PT Indo Acidatama Tbk.   

PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)                                         

                                   

 

                     



                        



     


   

      

   



 11. Aset Tetap 

11. Fixed Assets   

                    

        

  

       

       

       

       

       

  

  

  

  

  

       

      

      

  

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

      

       

                    

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

77


PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)         

                    

        

       

       

       

       

  

  

  

  

       

      

      

         



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    

78  Laporan Tahunan 2012 PT Indo Acidatama Tbk. 

  

       

        

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  



         



  

                            

     

 

  

 

       

        

          

   

      

  

    

  



                           



PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)                                                                                            

  

   

                                                                                   12. Unutilized Assets in Operations

12. Aset yang Tidak Digunakan dalam Usaha    


  

  

   

 

 

 

 

 

  

 

 



  





  





 






79


PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)         

     

  

  

  

 

 

 

 

 

 

 

 







      

           

 

 

  

  

               

              

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13. 

  

   

 

 

     



          

  

   

  

   

 

 





 

 

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80




14. Short Term Loans

14. Pinjaman Jangka Pendek

    



  







13. Other Non Current Financial Assets

Aset Keuangan Tidak Lancar Lainnya

   

  



    

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PT INDO ACIDATAMA Tbk PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN NOTES TO FINANCIAL STATEMENTS (Lanjutan) (Continued)                                                                                                         

                

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

                  

        

 

           

            

        

                        

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 

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PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)          

                

               

                            

             

   

       

   

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

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

         

  

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      





          

     

         

         





         

     

         

        

 82 Laporan Tahunan 2012 PT Indo Acidatama Tbk. 

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PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)                         

  •  • 

  15. Utang Usaha    

                   

  

     



 • •

  15. Trade Payables







 

 

                   

                   



     


                    



   

 





   

   

     

                                  2012 Annual Report PT Indo Acidatama Tbk 83   


PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)       16. Liabilitas Keuangan Jangka Pendek Lainnya 

16. Other Short Term Financial Liabilities

 

  

 

  

  

  



                    

           

               

               

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17. Transactions and Balances with Related Parties

17. Saldo Dan Transaksi Dengan Pihak-pihak Berelasi                        

          



    

 

   

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     

   

  

  

 84 Laporan Tahunan 2012 PT Indo Acidatama Tbk. 

      

     



       

    

  



  

  

  

   

  

   

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

PT INDO ACIDATAMA Tbk PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN NOTES TO FINANCIAL STATEMENTS (Lanjutan) (Continued)                                 

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              

    

          

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 

18. Accrued Expenses 

18.  Beban Akrual

    

      

      

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      

 

 

 

 

  

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

  

     



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



 

    

19. Long Term - Bank Loans

19. Utang Bank Jangka Panjang 

    








85

PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)                             

       

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

            

 

20. Capital Stock

20. Modal Saham 

       

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

            

            

             

         

     

 



       

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

         

         

 

21. Tambahan Modal Disetor     

86

 Laporan Tahunan 2012 PT Indo Acidatama Tbk. 

               

            

            

         



21. Additional Paid in Capital   











         

  

 

         

  22. Penjualan 

          

22. Sales  

 

 

 

        

        

                  

        



 

   

   

           

 

  

 

   



   



  






87


PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)       23. Beban Pokok Penjualan 

     

23. Cost of Goods Solds  

 

    

    

  

  

           

  

  

   

   

 

 

 



       

     

     

     

         

88




     



24. Selling Expenses and General Administration Expenses

24. Beban Penjualan dan Beban Umum dan Administrasi  

 

 





            

           

 



     





 

 

   

   

   

   



         



PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)         

PT INDO ACIDATAMA Tbk NOTES TO FINANCIAL STATEMENTS (Continued)      

 

       

       

       

        

        

        

  25. Pendapatan dan Beban Lain-lain    

      

   

       

    

                  

25. Other Income and Expenses 



 

 

 

 

   

   



      





 

 

      

              








89


PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)       26. Liabilitas Imbalan Kerja Jangka Panjang

26. Long Term Liabilities on Employee Benefits

                              

                                





   

 

 









 

 







  

        

  

    

  



      

 



 

  

  

 

  

   

   

    


     

   



 

 

 

    

    

   

90

 

     



    



   




PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)         

  

 

 

 

 

  

  

  

  

  

  





















27. Agreements             

27. Perikatan                            28. Peristiwa Setelah Tanggal Neraca                           29. Laba per Saham           

28. Subsequent Event            



29. Earnings per Share 

 

   

 

  

  

  







                 

 

           

30. Segment Informations

30. Informasi Segmen 

    

  



  

  





















   










91


PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)         

  



  

  

 

























































    

  



  



















 

  

   















































  31. Aset dan Liabilitas dalam Mata Uang Asing 

       

  



 





         

     

  

  



   

  

     

   

 

     

 92





31. Assets and Liabilities in Foreign Currencies







  







 









              






 

     

   




PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)       

      



         



 



              

  32. Manajemen Risiko Keuangan            



 

         

     

32. Financial Risk Management    



                         

           

        



                                                                                      

    

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 

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                                                

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93

PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)              

                                       

                             


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         

                 

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

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                                                 

    

                                 

94  Laporan Tahunan 2012 PT Indo Acidatama Tbk. 

                                     



       

 

    

      



                                          




PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)                            

 

      



     

 





 





     

     



     

     

     



      



 





 





      

      

      



      

      

               

                        

                                                     

              

 

              


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PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)                 

 

                      

                  

  



 

 

 

 

                 

             changes   

                                      

         the             

              

  purchase  

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                                                         96 Laporan Tahunan 2012 PT Indo Acidatama Tbk.   


PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)                            

   

                        

  

   

   

   

   

   

   

   

   

                                                







   

                                



                       

33. Estimasi dan Pertimbangan Akuntansi yang Penting

   

          





  

                    33.

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Critical Accounting Estimates and Judgements

                                               2012 Annual Report PT Indo Acidatama Tbk 97   

PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)                                                                                                                                                    

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PT INDO ACIDATAMA Tbk NOTES TO FINANCIAL STATEMENTS (Continued)                                                                                                                                                                                           

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PT INDO ACIDATAMA Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)       34. Aktivitas yang Tidak Mempengaruhi Arus Kas            

      

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    

 

        

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  35. Tanggung Jawab Manajemen atas Laporan Keuangan                

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34. Non-Cash Activities

      

35. Management Responsibility on the Financial Statements            

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    


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UNTUK GENERASI MENDATANG FOR THE FUTURE GENERATION Komitmen untuk menjaga bumi yang hijau direalisasikan dengan diluncurkannya produk Pupuk Organik Plus dengan merek POMI dan RANDEX serta Decomposer Plus dengan merk BEKA. dan produk organik lainnya. Pemakaian Pupuk Organik Plus POMI dan RANDEX selain meningkatkan produksi pertanian, lahan pertanian akan kembali tingkat kesuburannya, dan pada gilirannya akan meningkatkan kesehatan masyarakat dan lingkungan. Semua komitmen lugas ini dipersembahkan bagi bumi yang hijau dan anak cucu kita.

Our commitment to maintain a green enviorment will be realized with the lauching of our Bio Organic Fertilizer Plus marketed under the brand names of POMI and RANDEX, as well as Decomposer Plus marketed undur the brand name of BEKA. Besides increasing yield,our organic products improve soil fertility. and in turn, over a periode of time. Will result in a greener environment and better healty for the world's population. this basic commitment is on going and dedicated to a green earth and our better future generation!

Kantor | Office : Graha Kencana Suite 9-A Jl.Raya Perjuangan 88, Jakarta 11530 - Indonesia Telp. (62-21) 5366 0777 . Fax.(62-21) 5366 0698

Paabrik | Factory : Jl. Raya Solo - sragen Km. 11,4 Kemiri, Kebakkramat, Karanganyar, Surakarta - Indonesia Telp. (62 -271) 648400 (Hunting) . Fax (62-271) 648 700

FOR THE FUTURE GENERATION

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