PTSepatuBataTbk.

Business
CompanyStatus

Distribution&Import(Industry
FootWear)
PMA

Underwriter

PTMerchantInvestmentCorporation,PTDANAREKSA

Shareholder
2000
LAGFINBV,Nederland
LloydsBankPlc.
NothernInv.Corp.
Danareksa
Public

2005
Lagfin(Netherlands)
NorthernInv.Co.Ltd.
Public

2001
65.00%
8.00%
8.00%
5.00%
14.00%

Lagfin(Nederland)B.V.
StateStreetLondonLimited
NothernInv.Co.Ltd.
Danareksa
Public

2002
65.00%
8.00%
7.60%
4.70%
14.70%

2006
65.00% Lagfin(Netherlands)B.V.
7.60% NorthernInv.Co.Ltd.
27.40% SSBXCCGAberdeen
HSBC
Public

Lagfin(Nederland)B.V.
StateStreetLondonLimited
NothernInv.Co.Ltd.
Public

2007
65.00%
7.60%
6.20%
5.30%
15.90%

Bagfin(Nederland)B.V.
HSBCFundServices
NorthernInv.Co.Ltd.
Public

2003
65.00%
8.00%
7.60%
19.40%

Lagfin(Nederland)B.V.
StateStreetLondonLimited
NothernInv.Co.Ltd.
Public

2008
65.80% Bafin(Nederland)B.V.
10.50% HSBCFundServicesClients
7.60% Public
16.10%

2004
65.00%
8.00%
7.60%
19.40%

Lagfin(Nederland)B.V.
NothernInv.Co.Ltd.
StateStreetLondonLimited
BankofBermudaLtd.(HK)
Public

65.00%
7.60%
6.20%
5.40%
15.80%

2009
75.86% Bagfin(Nederland)B.V.
9.12% HSBCFundServicesClients
15.02% Public

76.60%
9.10%
14.30%

Management & Number of Employees

Board of Commissioners

Board of Directors

Number of Employees

2000

President Commissioner
Commissioners

Alan Kelly
Prof. Dr. Ir. Mohammad Sadli,
Sri Hartina Urip Simeon,
Jeffrey Paul Lee, Marcello Pace

President Director
Directors

Giulio Luigi Zanacco

Mahmood UI Hak, Dirk Boerma,
Alain Christian Rota, Yudhi Komarudin,
Anita Riau Napitupulu Gunawan,
David Richer, Ibnu Baskoro

2,276

2001

President Commissioner
Commissioners

Alan Kelly
Prof. Dr. Ir. Mohammad Sadli, Sri Hartina Urip Simeon,
Jeffrey Paul Lee,Marcello Pace

President Director
Directors

Giulio Luigi Zanacco

Mahmood UI Hak, Yudhi Komarudin, Anita Riau Napitupulu Gunawan,
David Richer, Ibnu Baskoro

2,312

2002

President Commissioner
Commissioners

Roberto Longo
Prof. Dr. Ir. Mohammad Sadli, Sri Hartina Urip Simeon,
Michael Graham Voisey Middleton, Marcello Pace

President Director
Directors

Giulio Luigi Zanacco

Mahmood UI Hak, Yudhi Komarudin,
Anita Riau Napitupulu Gunawan, Claudio Alessi, Jean Louis R. Antz,
Ibnu Baskoro

2,114

2003

President Commissioner
Commissioners

Roberto Longo
Prof. Dr. Ir. Mohammad Sadli, Sri Hartina Urip Simeon
, Michael Graham Voisey Middleton
, Marcello Pace

President Director
Directors

Giulio Luigi Zanacco

Dean Bradley Turner, Yudhi Komarudin,
Anita Riau Napitupulu Gunawan,
Claudio Alessi, Raymond Peter Colling,

1,974

2004

President Commissioner
Commissioners

Roberto Longo
Prof. Dr. Ir. Mohammad Sadli
Sri Hartina Urip Simeon
Michael Graham Voisey Middleton
Rino Rizzo

President Director
Directors

John Douglas Hearns

Dean Bradley Turner
Yudhi Komarudin
Anita Riau Napitupulu Gunawan
Claudio Alessi
Ibnu Baskoro
Bernard Rhodes

1905

2005

President Commissioner
Commissioners

Roberto Longo
Sri Hartina Urip Simeon
Michael Graham Voisey Middleton
Rino Rizzo, Marwoto Hadi Soesastro

President Director
Directors

John Douglas Hearns

Dean Bradley Turner, Yudhi Komarudin,
Anita Riau Napitupulu Gunawan
Raphael John Mollo, Ibnu Baskoro

1,548

2006

President Commissioner
Vice President Commissioner
Commissioners

Alberto Errico
Marwoto Hadi Soesastro
Sri Hartina Urip Simeon
Michael Graham Voisey M
Rino Rizzo

President Director
Directors

Laurence George Longford

Yudhi Komarudin
Anita Riau Napitupulu Gunawan
Luis Carlos Vasquez
Ibnu Baskoro
Arturo Manuel Blanco

1,631

2007

President Commissioner
Vice President Commissioner
Commissioners

Alberto Errico
Marwoto Hadi Soesastro
Sri Hartina Urip Simeon, Rino Rizzo,
Michael Graham Voisey Middleton

President Director
Directors

Fernando Garcia Restrepo

Anita Riau Napitupulu Gunawan, Ibnu Baskoro,
Luis Carlos Vasquez, Arturo Manuel Blanco

1,400

2008

President Commissioner
Commissioners

Alberto Errico
Sri Hartina Urip Simeon, Marwoto Hadi Soesastro,
Michael Graham Voisey Middleton, Rino Rizzo

President Director
Directors

Fernando Garcia Restrepo

Anita Riau Napitupulu Gunawan, Ibnu Baskoro,
Luis Carlos Vasquez Salazar, Fabio Bellini,
Fadzilah bin Mohd Hussein

1,308

2009

President Commissioner
Commissioners

Marcello Place
Sri Hartina Urip Simeon
Michael Graham Voisey Middleton
Marwoto Hadi Soesastro
Jorge Domingo Carbajal Gutierrez

President Director
Directors

Alberto Errico
Anita Riau Napitupulu Gunawan
Luis Carlos Vasquez Salazar
Ibnu Baskoro
Fabio Bellini
Fadzilah bin Mohd Hussein

995

Total Assets
Current Assets
of which
Cash on hand and in banks
Cash and cash equivalents
Time deposits
Trade receivables
Inventories
Receivable from affiliates
Non-current Assets
of which
Fixed Asset Net
Deffered Tax Assets-Net
Investments
Other Assets

1998

1999

2000

119,722
80,568

151,714
106,980

207,844
149,120

4,537

15,518

(million rupiah)
2001

2,002

2,003

2004

2005

222,913
155,809

210,082
140,873

232,263
158,523

262,535
179,723

305,779
213,642

17,528

7,091

2,744

3,356
4,984

6,685
53,457

9,285
75,038

24,971
89,030

20,867
89,193

17,758
82,828

11,852
106,015

24,577
105,050

24,536
128,667

69,208

73,740

82,812

92,137

31,818

35,977

47,658

55,449

54,357

53,680

56,980

68,446

7,337

8,758

11,067

11,655

14,851

20,061

25,832

23,691

Liabilities
Current Liabilities
of which
Loans
Short-term debt
Borrowings
Trade payables
Taxes payable
Accrued expenses
Deferred income
Current maturities of
long-term debt
Long-term Liabilities
of which
Bank borrowings
Government of Indonesia
Non-Current Liabilities
Minority Interests in Subsidiaries

48,571
42,811

47,066
39,255

83,424
76,688

81,175
73,915

60,931
53,619

73,833
65,934

87,892
76,520

129,483
110,430

Shareholders' Equity
Paid-up capital
Paid-up capital
in excess of par value
Revaluation of fixed assets
Retained earnings

71,151
13,000

104,648
13,000

124,420
13,000

2,260
55,891

2,260
89,388

Net Sales
Cost of Good Sold
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Profit (Loss) before Taxes
Profit (Loss) after Taxes

181,348
85,547
95,801
53,794
42,007
(2,752)
39,255
25,593

Per Share Data (Rp)

Earnings (Loss) per Share
Equity per Share
Dividend per Share
Closing Price
Financial Ratios
PER (x)
PBV (x)
Dividend Payout (%)
Dividend Yield (%)
Current Ratio (x)
Debt to Equity (x)
Leverage Ratio (x)
Gross Profit Margin (x)
Operating Profit Margin (x)
Net Profit Margin (x)
Inventory Turnover (x)
Total Assets Turnover (x)
ROI (%)
ROE (%)

1
2
3
4

Growth (%)
Indicators
Total Asset
Share Holder's Equity
Net Sales/Revenue
Net Provit

11,300

25,000

20,000

17,500

9,124

27,500

48,000

11,215

15,504

24,810

27,149

13,888

34,254

26,210

42,392

897

799

1,579

5,760

7,811

6,736

7,260

7,312

7,899

11,372

19,052

141,738
13,000

149,150
13,000

158,431
13,000

174,643
13,000

176,296
13,000

2,260
109,160

2,260
126,479

2,260
133,890

2,260
143,171

2,260
159,383

2,260
161,036

286,722
145,678
141,044
68,585
72,459
1,494
73,953
50,397

368,042
192,373
175,669
83,630
92,039
537
92,576
63,322

407,888
218,872
189,016
92,879
96,136
(3,011)
93,126
63,468

411,028
222,817
188,212
110,726
77,486
(5,718)
71,768
48,362

407,805
229,245
178,559
120,848
57,711
(3,387)
54,324
35,931

440,925
250,808
190,116
129,918
60,198
(7,200)
52,998
35,063

434,916
252,602
182,314
138,990
43,324
(4,849)
38,475
25,086

1,969
5,473
1,300

3,877
8,050
1,350
13,550

4,871
9,571
3,550
12,200

4,882
10,903
1,500
14,000

3,720
11,473
1,150
15,000

2,764
12,187
600
14,100

2,697
13,434
n.a
14,000

1,930
13,561
150
14,500

0.66
0.24
-

3.50
1.68
34.82
9.96

2.50
1.27
72.88
29.10

2.87
1.28
30.72
10.71

4.03
1.31
30.91
7.67

5.10
1.16
21.71
4.26

5.19
1.04
n.a
n.a

7.51
1.07
7.77
1.03

1.88
0.68
0.41
0.53
0.23
0.14
1.60
1.51
21.38
35.97

2.73
0.45
0.31
0.49
0.25
0.18
1.94
1.89
33.22
48.16

1.94
0.67
0.40
0.48
0.25
0.17
2.16
1.77
30.47
50.89

2.11
0.57
0.36
0.46
0.24
0.16
2.45
1.83
28.47
44.78

2.63
0.41
0.29
0.46
0.19
0.12
2.69
1.96
23.02
32.42

2.40
0.47
0.32
0.44
0.14
0.09
2.16
1.76
15.47
22.68

2.35
0.50
0.33
0.43
0.14
0.08
2.39
1.68
13.36
20.08

1.93
0.73
0.42
0.42
0.10
0.06
1.96
1.42
8.20
14.23

1999
26.72
47.08
58.11
97

2000
37.00
18.89
28.36
26

2001
7.25
13.92
10.83
0

2,002
(5.76)
5.23
0.77
(24)

2,003
10.56
6.22
(0.78)
(26)

2004
13.03
10.23
8.12
(2)

2005
16.47
0.95
(1.36)
(28)

1998

n.a

SUMMARY OF FINANCIAL STATEMENT

PT. Sepatu Bata Tbk.

2006
TotalAssets
CurrentAssets
ofwhich
Cashandcashequivalents
Tradereceivables
Inventories
NonCurrentAssets
ofwhich
FixedAssetsNet
OtherAssets

(millionrupiah)
2007

2008

271,461
185,152

332,080
251,649

401,901
243,818

4,619
15,797
119,441
86,308

50,240
18,326
134,153
80,431

5,219
13,752
169,324
158,083

68,222
18,087

66,262
14,168

139,021
19,061

81,374
63,851

124,381
109,667

128,782
110,429

4,000
32,168

n.a
35,992

n.a
43,646

n.a
17,523

n.a
14,713

n.a
18,354

Shareholders'Equity
Paidupcapital
Revaluationoffixedassets
Retainedearnings

190,087
13,000
2,260
174,827

207,700
13,000
2,260
192,440

273,118
13,000
n.a
260,118

NetSales
CostofGoodsSolds
GrossProfit
OperatingExpenses
OperatingProfit
OtherIncome(Expenses)
ProfitbeforeTaxes
ProfitafterTaxes

428,630
244,811
183,818
147,517
36,301
(3,893)
32,409
20,161

493,717
274,023
219,695
158,001
61,694
(7,755)
53,939
34,578

539,762
301,240
238,522
182,420
56,103
172,651
228,754
157,563

PerShareData(Rp)
EarningsperShare
EquityperShare
DividendperShare
ClosingPrice

1,551
14,622
435
14,000

2,660
15,977
6,361
23,000

12,120
21,009
816
20,500

FinancialRatios
PER(x)
PBV(x)
DividendPayout(%)
DividendYield(%)

9.03
0.96
28.05
3.11

8.65
1.44
239.15
27.66

1.69
0.98
6.73
3.98

CurrentRatio(x)
DebttoEquity(x)
LeverageRatio(x)
GrossProfitMargin(x)
OperatingProfitMargin(x)
NetProfitMargin(x)
InventoryTurnover(x)
TotalAssetsTurnover(x)
ROI(%)
ROE(%)

2.90
0.43
0.30
0.43
0.08
0.05
2.05
1.58
7.43
10.61

2.29
0.60
0.37
0.44
0.12
0.07
2.04
1.49
10.41
16.65

2.21
0.47
0.32
0.44
0.10
0.29
1.78
1.34
39.20
57.69

Liabilities
CurrentLiabilities
ofwhich
Shorttermdebt
Tradepayables
Currentmaturities
oflongtermdebt
NonCurrentLiabilities

PER=31.61x;PBV=1.43x(June2009)
FinancialYear:December31
PublicAccountant:Purwantono,Sarwoko&Sandjaja