Investor

Financial Reports

Prospectus of Public Offering

Financial Highlight

Presented in millions Rupiah except for ratio, net-income per share and stock price

2019 2018 2017 2016 2015
COMPREHENSIVE INCOME STATEMENT
Revenue 1,438,184 1,269,759 1,233,452 1,115,699 984,502
Gross Profit 379,791 277,884 258,959 231,665 197,864
Profit 182,443 120,550 81,951 79,580 65,316
Profit Attributable to:
Owners of The Parent 168,045 112,250 77,544 77,662 62,781
Non-Controlling Interest 14,398 8,300 4,407 1,918 2,534
Comprehensive Income 178,291 120,911 82,411 226,939 67,660
Comprehensive Income attributable to:
Owners of The Parent 164,889 111,257 76,631 225,289 63,141
Non-Controlling Interest 13,402 9,655 5,780 1,650 4,518
Net Income per share 98 66 45 45 37
STATEMENT OF FINANCIAL POSITION
Current Assets 630,300 571,321 454,745 483,536 519,908
Non-Current Assets 522,396 515,848 560,526 568,596 366,939
Total Assets 1,152,697 1,087,169 1,015,271 1,052,132 886,847
Current Liabilities 377,690 397,433 374,336 436,912 461,207
Non-Current Liabilities 29,177 42,310 54,555 61,573 74,845
Total Liabilities 406,866 439,743 428,891 498,486 536,052
Equity attributable to:
Owners of The Parent 697,969 610,165 553,725 526,771 325,464
Non-Controlling Interest 47,861 37,260 32,655 26,875 25,331
Total Equity 745,830 647,426 586,380 553,646 350,795
KEY RATIOS
Return on Total Assets Ratio 21% 15% 11% 9% 10%
Return on Equity Ratio 24% 19% 14% 14% 19%
Current Ratio 1.67X 1.44X 1.21X 1.11X 1.13X
Debt to Equity Ratio 0.55X 0.68X 0.73X 0.9X 1.53X
Debt on Total Assets Ratio 0.35X 0.4X 0.42X 0.47X 0.60X
Gross Profit on Net-Sales Ratio 26% 22% 21% 21% 20%
Net-Income on Net-Sales Ratio 13% 9% 7% 7% 7%
INFORMATION ON SHARE
Total Outstanding Shares 1,713 1,713 1,713 1,713 1,713
Market Capitalization 1,678,752 849,654 469,365 527,608 397,419
Share Price
Highest 1050 510 484 320 232
Lowest 472 266 270 208 222
Closing 980 496 274 308 232
Transaction Volume 971 259 155 323 157
CORPORATE ACTION
Partial Delisting:
Implementation Date 28 Apr 2015
Total Delisted Shares 57
Outstanding Shares:
Before Partial Delisting 1,770
After Partial Delisting 1,713
Cash Dividend :
Interim Dividend :
Implementation Date 08 Jan 2019 15 Jan 2018
Ratio 1 : 15 1 : 15
Total Dividend Paid 25,695 25,695
Dividend Final :
Implementation Date 27 Juni 2019 25 Juli 2018 14 Juli 2017 15 Juli 2016 03 Juli 2015
Ratio 1 : 30 1 : 17 1 : 29 1 : 14 1 : 10
Total Dividend Paid 51,390 29,121 49,677 23,982 17,130

Financial Highlight

Presented in millions Rupiah except for ratio, net-income per share and stock price

COMPREHENSIVE INCOME STATEMENT
Revenue
2018 1,269,759
2017 1,233,452
2016 1,115,699
2015 984,502
2014 834,027
Gross Profit
2018 277,884
2017 258,959
2016 231,665
2015 197,864
2014 153,678
Profit
2018 120,550
2017 81,951
2016 79,580
2015 65,316
2014 54,362
Profit attributable to:
Owners of The Parent
2018 112,250
2017 77,544
2016 77,662
2015 62,781
2014 54,193

Non-Controlling Interest
2018 8,300
2017 4,407
2016 1,918
2015 2,534
2014 169
Comprehensive Income
2018 120,911
2017 82,411
2016 226,939
2015 67,660
2014 54,246
Comprehensive Income attributable to:
Owners of The Parent
2018 111,257
2017 76,631
2016 225,289
2015 63,141
2014 53,951

Non-Controlling Interest
2018 9,655
2017 5,780
2016 1,650
2015 4,518
2014 294
Net Income per share
2018 66
2017 45
2016 45
2015 37
2014 32
STATEMENT OF FINANCIAL POSITION
Current Assets
2018 571,321
2017 454,745
2016 483,536
2015 519,908
2014 401,192
Non-Current Assets
2018 515,848
2017 560,526
2016 568,596
2015 366,939
2014 260,419
Total Assets
2018 1,087,169
2017 1,015,271
2016 1,052,132
2015 886,847
2014 661,611
Current Liabilities
2018 397,433
2017 374,336
2016 436,912
2015 461,207
2014 305,620
Non-Current Liabilities
2018 42,310
2017 54,555
2016 61,573
2015 74,845
2014 67,713
Total Liabilities
2018 439,743
2017 428,891
2016 498,486
2015 536,052
2014 373,334
Equity attributable to:
Owners of The Parent
2018 610,165
2017 553,725
2016 526,771
2015 325,464
2014 279,452

Non-Controlling Interest
2018 37,260
2017 32,655
2016 26,875
2015 25,331
2014 8,825
Total Equity
2018 647,426
2017 586,380
2016 553,646
2015 350,795
2014 288,277
KEY RATIOS
Return on Total Assets Ratio
2018 15%
2017 11%
2016 9%
2015 10%
2014 8%
Return on Equity Ratio
2018 19%
2017 14%
2016 14%
2015 19%
2014 19%
Current Ratio
2018 1.44X
2017 1.21X
2016 1.11X
2015 1.13X
2014 1.31X
Debt to Equity Ratio
2018 0.68X
2017 0.73X
2016 0.9X
2015 1.53X
2014 1.30X
Debt on Total Assets Ratio
2018 0.4X
2017 0.42X
2016 0.47X
2015 0.60X
2014 0.56X
Gross Profit on Net-Sales Ratio
2018 22%
2017 21%
2016 21%
2015 20%
2014 18%
Net-Income on Net-Sales Ratio
2018 9%
2017 7%
2016 7%
2015 7%
2014 7%
INFORMATION ON SHARE
Total Outstanding Shares
2018 1,713
2017 1,713
2016 1,713
2015 1,713
2014 1.770
Market Capitalization
2018 849,654
2017 469,365
2016 527,608
2015 397,419
2014 668,939
Share Price:
Highest
2018 510
2017 484
2016 320
2015 232
2014 382

Lowest
2018 266
2017 270
2016 208
2015 222
2014 375

Closing
2018 496
2017 274
2016 308
2015 232
2014 378
Transaction Volume
2018 259
2017 155
2016 323
2015 157
2014 431
INFORMATION ON SHARE
Partial Delisting:
Implementation Date
2018
2017
2016
2015 28-Apr-15
2014

Total Delisted Shares
2018
2017
2016
2015 57
2014

Outstanding Shares:
Before Partial Delisting
2018
2017
2016
2015 1,770
2014
After Partial Delisting
2018
2017
2016
2015 1,713
2014
Cash Dividend :
Interim Dividend :
Implementation Date
2018 15-Jan-18
2017
2016
2015
2014
Ratio
2018 1 : 15
2017
2016
2015
2014
Total Dividend Paid
2018 25,695
2017
2016
2015
2014

Dividend Final :
Implementation Date
2018 25 Juli 2018
2017 14 Juli 2017
2016 15 Juli 2016
2015 03 Juli 2015
2014 25 Juli 2014
Ratio
2018 1 : 17
2017 1 : 29
2016 1 : 14
2015 1 : 10
2014 1 : 7
Total Dividend Paid
2018 29,121
2017 49,677
2016 23,982
2015 17,130
2014 11,991

Financial Information

Stock Information

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Public Company Ownership Structure

Share Ownership

Month :
Year :

Company Group and Shareholders Structure

Subsidiaries and Associated Companies

Name Subsidiary / Associated Company Percentage of Ownership Year Established Business Line Operation Status
PT Jasuindo Informatika Pratama Subsidiary 99.96% 2001 Printing, trade, services and information technology solutions Active
PT Jasuindo HID Security Subsidiary 51% 2013 Printing industry specifically focusing on producing electronic passports Active
PT Cardsindo Tiga Perkasa Associated Company 45% 2012 Printing industry specifically focusing on producing Telecommunication SIMs and Smart Card Active

Subsidiaries and Associated Companies

Name PT Jasuindo Informatika Pratama
Subsidiary / Associated Company Subsidiary
Percentage of Ownership 99.96%
Year Established 2001
Business Line Printing, trade, services and information technology solutions
Operation Status Active
Name PT Jasuindo HID Security
Subsidiary / Associated Company Subsidiary
Percentage of Ownership 51%
Year Established 2013
Business Line Printing industry specifically focusing on producing electronic passports
Operation Status Active
Name PT Cardsindo Tiga Perkasa
Subsidiary / Associated Company Associated Company
Percentage of Ownership 45%
Year Established 2012
Business Line Printing industry specifically focusing on producing Telecommunication SIMs and Smart Card
Operation Status Active

Good Governance

Organization Structure

Organization Structure

Image : Organization Structure, as of January 30th, 2020

Management

Board of Commissioner

Yongky Wijaya

President Commissioner

An Indonesian citizen, born on 4 July 1962. Started his career as a Director in PT Iga Mulia in 1985-1990. Serving as the Company’s President Director from 1990 to 14 May 2008. Has also served as a President Commissioner on 15 May 2008, followed by a position as a Commissioner from 10 June 2010 to 17 June 2014. Serving as the Company’s President Commissioner again to the present day based on the final decree of the 2017 Annual General Meeting of Shareholders (GMS). Currently also serving as the President Commissioner in PT Urban Jakarta Propertindo. Affiliated with Oei, Melinda Poerwanto and Oei, Allan Wibisono.

I Gede Auditta Perdana Putra

Independent Commissioner and
Chairman of The Audit Committee

An Indonesian citizen, 36 years old. Born on 9 June 1983. Finished his Master’s programme in Accounting Science in Universitas Brawijaya Malang in 2013, and achieved several other certifications such as the Financial Planning Standards Board Indonesia and Certified Management Accountant. Pursuing his career from an Auditor to a General Manager in Made Sudarma, Thomas & Dewi Public Accountant Office. Currently also serving as a Managing Partner in ID Consulting Associates Global and the Chairperson in Indonesian Management Association (AMA) as well as an Extraordinary Lecturer at Ma Chung University. Has been serving in the Company as an Independent Commissioner and a Chairperson of the Audit Committee since 3 June 2015 to the present day based on the first-time appointment in the 2014 Annual GMS.

Jean-Pierre Ting

Commissioner

A French citizen, born in Paris, on February 14, 1970 Graduated with a Bachelor’s Degree at Kedge Business School in 1994 and a Master of Business Administration at the University of California, Walter Haas School of Business. Started his career at the French embassy in China in 1994. In 1997 as International Sales Manager at Pechiney – Chebal Zhongshan and as Strategic Alliances Manager in 2001 at Siebel Systems. In 2003-2018 he joined ARJOWIGGINS Group SAS (now HID Group) with the last position as Managing Director. In 2019 he joined Toppan Gravity Limited as a director until now. Serves as a Commissioner of the Company based on the final decree of the 2019 Annual GMS.

Board of Director

Oei, Allan Wibisono

President Director

An Indonesian citizen, born on 10 October 1964. A graduate of the California State University of Long Beach, the United States, majoring in Computer Science and Mathematics in 1988. Started his career as the Company’s Marketing Manager in 1991-1995. Serving as a Director of the Company from 1995 to 14 May 2008, followed by a position of President Director of the Company to the present day based on the final decree of the 2017 Annual GMS. Affiliated with Yongky Wijaya and Oei, Melinda Poerwanto.

Drs. Lukito Budiman

Finance Director and
Corporate Secretary

An Indonesian citizen, born on 7 April 1960. A graduate of the Faculty of Economy of Universitas Merdeka, Malang, majoring in Accounting in 1985. Started his career as a Director in 1986-1988, a President Director in 1988-2002, and a President Commissioner 2002-2003 in PT Bank Pasar Sumber Arto Malang. Serving as a General Manager of the Company from 1999 to 14 May 2008. Then, he served as the Finance Director and concurrently as a Corporate Secretary to the present day based on the final decree of the 2017 Annual GMS.

Oei, Hendro Susanto

Marketing Director I

An Indonesian citizen, born on 23 May 1964. A graduate of Sekolah Tinggi Teknik Surabaya in 1990. Started his career as a Production Manager of the Company in 1991-1996, and as a Marketing Manager in 1996-2008. Has been serving as the Marketing Director of the Company to the present day based on the final decree of the 2017 Annual GMS.

Sarah Pamela

Marketing Director II

Indonesian citizen, born in Jakarta on May 20, 1987. Graduated with a Bachelor of Engineering at Atmajaya Catholic University of Indonesia, Jakarta in 2009. Starting his career as a marketing manager in a local company from 2008 – 2015, served as Sales Manager at a multinational company, Gemalto Pte Ltd (Thales Digital Identity and Security), then served as Business Director in multinational companies, Idemia Indonesia and Thailand. Then joined the Company in 2020 as Marketing Director based on the final decree of the 2019 Annual GMS.

Sulistiani Ikwanto

Operational Director

Indonesian citizen, born in Surabaya on April 5, 1976. Graduated from the University of Surabaya in 1997 and completed his master’s degree at the Sepuluh November Institute of Technology in 2000. Began her career at PT Central Surabaya Contact Battery in 1997 as PPIC and Export Import Staff and 2000-2003 as Production Manager. In 2003 she served as Factory Manager and in 2004 as Costing Manager at PT Kamadjaja Logistics. Joined the Company as General Manager Production in 2006. In 2009 she became Commercial Director Assistance at PT Suparma Tbk and became Commercial Senior Manager at PT Kamadjaja Logistics in 2010. She has joined the Company since 2013 until now as Operational Director and appoint as Director based on final decree of the 2019 Annual GMS.

To regulate and encourage a pattern of relationships, systems, and processes used in the company to create governance an efficient, transparent and consistent company with the applicable laws and regulations. In order to be able to achieve the sustainability of the company with its stakeholders and shareholders through good company management. Therefore, policies and regulations are made to regulate corporate governance, as well as supervision from related groups and institutions.

Risk Management Policy

The company realized that in the operations of bussiness there are some risks that must be faced. Therefore, as the company’s commitment in the implementation of good corporate governance then company assigned the management policies related to financial risk as a guide to all the employees of the company in running their work activities.

Risk Management Policy

Anti Corruption Policy

The Company is committed to continue to create a healthy business climate and free from corruption. It is stated in the code of conduct regarding the policy on transactions or gratuities that are not justified according to the Law No. 8 of 2010 on the prevention and combating of money laundering and other laws and regulations.

Other Policy

Policies related to supplier selection and creditor rights

The company realizes about the significance and crucial role of suppliers in supporting the company’s business. Therefore do the selection of suppliers with an objective consideration is very important thing. Selection begins with the selection phase based on its ability to supply product in accordance with the specified by the company. The Company also conducts periodic evaluations to ensure that the purchased product has met the specified requirements. On cooperation from both sides, the fulfillment of obligations either by the supplier or buyer of goods must be met. This is important in maintaining relationships and credibility of each other.

Policies to increase the ability of vendors

The company believes that with the increasing market demand and accompanied by advances in technology led to an increasingly competitive products in both the specification and the selling price. To support it all, increasing the ability of the vendor is also a concern of the company as one part in the creation of a satisfactory result. Vendors are expected to grow together and can meet the needs of the company includes understanding each cycle, namely the provision of goods and services on the company’s operations.

Internal Audit Unit

Internal Audit Unit is a unit that established to assist the Board of Directors in carrying out supervisory role in the Company, especially in terms of providing assurance and consultations which is independent and objective, through a systematic approach, by evaluating and improving the effectiveness of risk management, control , and process of corporate governance

Internal Audit Charter

Audit Committee

The establishment of the company’s Audit Committee is an integral part of the company’s efforts to implement good corporate governance. In implementation of good corporate governance, the role and functions of the Audit Committee be well placed to assist and enhance the role of Commissioners to execute supervisory functions, all of that was contained in the charter of the audit committee. It is expected the roles and functions of each organ of the company (GMS, BOC and BOD) can be structured and balanced in realizing the objectives of the company.

Audit Committee Charter

Audit Committee’s Member Appointment

Whistleblowing System

Submission of reporting alleged violations along with the proof can be carried out by employees of the company or third parties regarding accounting and auditing issues, allegations of fraud and corruption and violations of the code of conducts of the company to the audit committee to address:

Audit Committee
PT Jasuindo Tiga Perkasa, Tbk
Jl. Raya Betro No 21 Sedati
Sidoarjo 61253

For that report, the company guarantees the safety of employees and third parties, the complaints / reporting alleged violations. Furthermore, the audit committee will follow up on the complaint in accordance with established procedures.

Other Information

Capital Market Supporting Institutions Professions

Public Accounting Firm
Paul Hadiwinata, Hidajat Arsono, Retno Palilingan & Partners

Head Office:
Jalan Kebon Sirih Timur 1 No 267
Menteng, Jakarta 10340
Phone: (021) 3144003
Fax: (021_ 3144213, 3144363
Website: www.pkf.co.id
Surabaya Branch:
Jl. Ngagel Jaya No 90
Surabaya
Phone: (031) 5012161
Fax: (031) 5012335

Security Administrative Bureau
PT Bima Registra

Satrio Tower, 9th Floor A2 Zone
Jl. Prof. Dr. Satrio Blok C4, Kuningan, Setiabudi
Southern Jakarta 12950
Phone: (021) 2598 4818
Fax: (021) 2598 4819
Website: www.bimaregistra.co.id