Investor Relation
 

Financial Highlights (In Indonesia GAAP)
Consolidated Balance Sheets
(in billion Rupiah)
 
                         Dec 31,2003 Dec 31,2004 Dec 31,2005 Dec 31,2006 Dec 31,2007
Total Current Assets 8,942 9,204 10,305 13,921 15,978
Total Non-current Assets 41,341 46,975 51,866 61,215 66,081
TOTAL ASSETS 50,283 56,179 62,171 75,136 82,059
Total Current Liabilities 11,170 11,677 13,513 20,536 20,674
Total Non-current Liabilities 18,092 21,436 19,061 18,344 18,331
TOTAL LIABILITIES 29,262 33,113 32,574 38,880 39,005
MINORITY INTEREST 3,708 4,938 6,305 8,187 9,305
EQUITY 17,313 18,128 23,292 28,069 33,749
 
Consolidated Income Statements
(in billion Rupiah, except for Net income per share and Net income per ADS)
 
     Dec 31,2003 Dec 31,2004 Dec 31,2005 Dec 31,2006 Dec 31,2007
TOTAL OPERATING REVENUES 27,116 33,948 41,807 51,294 59,440
TOTAL OPERATING EXPENSES 15,140 19,360 24,636 29,701 32,967
EBITDA 17,486 21,899 25,660 31,716 37,067
OPERATING INCOME 11,976 14,588 17,171 21,593 26,473
OTHER INCOME (EXPENSES) - net (524) (1,839) (929) 400 (877)
INCOME BEFORE TAX 11,452 12,749 16,242 21,993 25,596
NET INCOME 6,087 6,615 7,994 11,006 12,857
Net income per share 301.95 328.10 396.51 547.15 644.08
Net income per ADS(40 series-B share per ADS) 12,077.83 13,124.14 15,860.25 21,886.00 25,763.20
 

Consolidated Financial and Operational Ratios

                                                                                              Dec 31,2003 Dec 31,2004 Dec 31,2005 Dec 31,2006 Dec 31,2007
Return on Assets (ROA)1(%) 12.1 11.8 12.9 14.6 15.7
Return on Equity (ROE)2(%) 35.2 36.5 34.3 39.2 38.1
Current Ratio3 (%) 80.1 78.8 76.3 67.8 77.3
Total Liabilities to Total Assets4 (%) 58.2 58.9 52.4 51.7 47.5
Operating Margin5 (%) 44.2 43.0 41.1 42.1 44.5
EBITDA Margin6 (%) 64.5 64.5 61.4 61.8 62.4
Net Income Margin7 (%) 22.4 19.5 19.1 21.5 21.6
Debt  to Equity8 (%) 88.5 91.7 57.9 54.8 46.7
Debt to EBITDA9 (%) 87.6 75.9 52.5 48.5 42.6
EBITDA to Interest Expense10 (%) 12.6 17.2 21.8 24.7 25.8
EBITDA to Net Debt11 (%) 180.4 187.1 322.7 454.9 677.8
PRODUCTIVITY RATIOS :          
Total Revenue/Employee (Rp billion) 0.9 1.0 1.2 1.5 1.8
LIS/Employee (sst) 275.1 340.3 452.4 465.9 593.3
(1)    ROA represents net income divided by total asset as at year end.
(2)     ROE represents net income divided by total equity as at year end.
(3)     Current ratio represents current asset divided by current liabilities
(4)     Liabilities to total asset represents total liabilities divided by total asset as at year end.
(5)     Operating margin represents operating income divided by operating revenue
(6)     EBITDA margin represents EBITDA divided by operating revenue
(7)     EBITDA represents operating income plus depreciation and amortization.
(8)     Net Income margin represents net income divided by operating revenue
(9)     Debt to equity represents total debt divided by total equity as at year end
(10) EBITDA to interest expense represents EBITDA divided by interest expenses.
(11) EBITDA to net debt represents EBITDA divided by total debt minus cash and cash equivalents,
      temporary investments and escrow accounts as at year end.  

Operational Highlights

 

                                                                          Dec 31,2003 Dec 31,2004 Dec 31,2005 Dec 31,2006 Dec 31,2007
FIXED WIRELINE          
Customer base (in thousand subscriber) 8,241  8,559 8,686 8,709  8,685 
Subscriber pulse production (in million pulse) 62,261  65,152 67,669  64,012  75,451 
FIXED WIRELESS (FLEXI)          
Customer base :          
Classy/Postpaid (in thousand subscriber)  228  684 821  794  828 
Trendy/Prepaid (in thousand subscriber)  37  745 3,241  3,381  5,535 
Total (in thousand subscriber)  265  1,429 4,062  4,176  6,363 
Sales          
Classy/Postpaid (in thousand subscriber)  228  595 475  261  273 
Trendy/Prepaid (in thousand subscriber)  38  889 3,558  3,175  5,026 
Total (in thousand subscriber)  264  1,484 4,034  3,436  5,299 
ARPU (12 months average)          
Postpaid (Rp.thousand)  154  94 123  135  115 
Prepaid (Rp.thousand)  24  20 19  35  42 
Blended (Rp.thousand)  141  60 47  54  53 
Network          
BTS (Unit)  396  1,136 1,448  1,531  1,911 
Number of cities in service  38  192 231  236  238 
CELLULAR          
Base Transceiver Station/BTS (units)  4,820  6,205 9,895  16,057  20,858 
Network Capacity (in million subscriber)  10.8  17.9 26.2 38.8  50.5 
Customer Base (in million subscriber)  9.6  16.3 24.3  35.6  47.9 
  Post-paid (kartuHALO)  1.0  1.3 1.5  1.7  1.9 
  Pre-paid(simPATI)  8.6  11.6 16.0  21.4  24.0 
  Pre-paid (kartuAs)  -  3.4 6.8  12.5  22.0 
ARPU - blended (Rp'000)  123  102 87  84  80 
  Post-paid (kartuHALO)  314  304 291  274  264 
  Pre-paid (simPATI)  95  84 84  83  84 
  Pre-paid (kartuAs)  -  48 45  54  57