Investor

Financial Reports

Prospectus of Public Offering

Quarterly Financial Report

year :

Financial Highlight

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

 

2023 2022 2021 2020 2019
COMPREHENSIVE INCOME STATEMENT
Revenue 2,296,272 1,423,143 1,075,949 978,626 1,438,184
Gross Profit 459,513 326,173 250,931 219,699 379,791
Profit 225,607 143.653 96,513 74,173 182,443
Profit Attributable to:
Owners of The Parent 207,646 127,252 91,516 72,009 168,045
Non-Controlling Interest 17,961 16.401 4,998 2,164 14,398
Comprehensive Income 218,688 150.855 166,094 77,527 178,291
Comprehensive Income attributable to:
Owners of The Parent 201,723 130.607 160,971 74,505 164,889
Non-Controlling Interest 16,966 20.248 5,123 3,022 13,402
Net Income per share 30.30 32,55 53.42 42.04 98.10
STATEMENT OF FINANCIAL POSITION
Current Assets 1,042,773 843.787 577,891 507,405 630,300
Non-Current Assets 747,001 719.851 634,698 530,692 522,396
Total Assets 1,789,774 1.563.638 1,212,590 1,038,097 1,152,697
Current Liabilities 654,106 488.176 242,307 243,966 377,690
Non-Current Liabilities 50,549 53.395 59,444 23,715 29,177
Total Liabilities 704,655 541.571 301,751 267,681 406,866
Equity attributable to:
Owners of The Parent 996,925 949.280 856,359 721,084 697,969
Non-Controlling Interest 88,194 72.786 54,480 49,332 47,861
Total Equity 1,085,120 1.022.066 910,839 770,416 745,830
KEY RATIOS
Return on Total Assets Ratio 13% 9% 8% 7% 16%
Return on Equity Ratio 21% 14% 11% 10% 24%
Current Ratio 1.59X 1.73X 2.35X 2.08X 1.67X
Debt to Equity Ratio 0.65X 0.53X 0.33X 0.35X 0.55X
Debt on Total Assets Ratio 0.39X 0.35X 0.25X 0.26X 0.35X
Gross Profit on Net-Sales Ratio 20% 23% 23% 22% 26%
Net-Income on Net-Sales Ratio 10% 10% 9% 8% 13%
INFORMATION ON SHARE
Total Outstanding Shares 6,852 6.852 1,713 1,713 1,713
Market Capitalization 2,110,431 1.808.941 1,807,228 1,730,143 1,678,752
Share Price
Highest 378 304 1,515 1,015 1,050
Lowest 200 211 995 665 472
Closing 308 264 1,055 1,010 980
Transaction Volume 2,959 320 76 161 971
CORPORATE ACTION
Stock Split:
Exercise Date 28 July 2022
Ratio 1 : 4
Nominal Share before Stock Split 20
Nominal Share after Stock Split 5
Number of Shares before Stock Split 1.713
Number of Shares after Stock Split 6.852
CORPORATE ACTION
Cash Dividend :
Interim Dividend :
Implementation Date 30 November 2023 08 Jan 2019
Ratio 1 : 15 1 : 15
Total Dividend Paid 102,780 25,695
Dividend Final :
Implementation Date 3 Juli 2023 20 July 2022 23 Juli 2021 24 September 2020 27 Juni 2019
Ratio 1 : 7.5 1 : 22 1 : 15 1 : 30 1 : 30
Total Dividend Paid 51,390 37.686 25,695 51,390 51,390

Financial Highlight

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

COMPREHENSIVE INCOME STATEMENT
Revenue
2023 2,296,272
2022 1,423,143
2021 1,075,949
2020 978,626
2019 1,438,184
Gross Profit
2023 459,513
2022 326,173
2021 250,931
2020 219,699
2019 379,791
Profit
2023 225,607
2022 143.653
2021 96,513
2020 74,173
2019 182,443
Profit attributable to:
Owners of The Parent
2023 207,646
2022 127,252
2021 91,516
2020 72,009
2019 168,045

Non-Controlling Interest
2023 17,961
2022 16.401
2021 4,998
2020 2,164
2019 14,398
Comprehensive Income
2023 218,688
2022 150.855
2021 166,094
2020 77,527
2019 178,291
Comprehensive Income attributable to:
Owners of The Parent
2023 201,723
2022 130.607
2021 160,971
2020 74,505
2019 164,889

Non-Controlling Interest
2023 16,966
2022 20.248
2021 5,123
2020 3,022
2019 13,402
Net Income per share
2023 30.30
2022 32,55
2021 53.42
2020 42.04
2019 98.10
STATEMENT OF FINANCIAL POSITION
Current Assets
2023 1,042,773
2022 843.787
2021 577,891
2020 507,405
2019 630,300
Non-Current Assets
2023 747,001
2022 719.851
2021 634,698
2020 530,692
2019 522,396
Total Assets
2023 1,789,774
2022 1.563.638
2021 1,212,590
2020 1,038,097
2019 1,152,697
Current Liabilities
2023 654,106
2022 488.176
2021 242,307
2020 243,966
2019 377,690
Non-Current Liabilities
2023 50,549
2022 53.395
2021 59,444
2020 23,715
2019 29,177
Total Liabilities
2023 704,655
2022 541.571
2021 301,751
2020 267,681
2019 406,866
Equity attributable to:
Owners of The Parent
2023 996,925
2022 949.280
2021 856,359
2020 721,084
2019 697,969

Non-Controlling Interest
2023 88,194
2022 72.786
2021 54,480
2020 49,332
2019 47,861
Total Equity
2023 1,085,120
2022 1.022.066
2021 910,839
2020 770,416
2019 745,830
KEY RATIOS
Return on Total Assets Ratio
2023 13%
2022 9%
2021 8%
2020 7%
2019 16%
Return on Equity Ratio
2023 21%
2022 14%
2021 11%
2020 10%
2019 24%
Current Ratio
2023 1.59X
2022 1.73X
2021 2.35X
2020 2.08X
2019 1.67X
Debt to Equity Ratio
2023 0.65X
2022 0.53X
2021 0.33X
2020 0.35X
2019 0.55X
Debt on Total Assets Ratio
2023 0.39X
2022 0.35X
2021 0.25X
2020 0.26X
2019 0.35X
Gross Profit on Net-Sales Ratio
2023 20%
2022 23%
2021 23%
2020 22%
2019 26%
Net-Income on Net-Sales Ratio
2023 10%
2022 10%
2021 9%
2020 8%
2019 13%
INFORMATION ON SHARE
Total Outstanding Shares
2023 6,852
2022 6.852
2021 1,713
2020 1,713
2019 1,713
Market Capitalization
2023 2,110,431
2022 1.808.941
2021 1,807,228
2020 1,730,143
2019 1,678,752
Share Price:
Highest
2023 378
2022 304
2021 1,515
2020 1,015
2019 1,050

Lowest
2023 200
2022 211
2021 995
2020 665
2019 472

Closing
2023 308
2022 264
2021 1,055
2020 1,010
2019 980
Transaction Volume
2023 2,959
2022 320
2021 76
2020 161
2019 971
INFORMATION ON SHARE
Partial Delisting:
Implementation Date
2023
2022 28 July 2022
2021
2020
2019

Total Delisted Shares
2023
2022 5
2021
2020
2019

Outstanding Shares:
Before Partial Delisting
2023
2022 1.713
2021
2020
2019
After Partial Delisting
2023
2022 6.852
2021
2020
2019
Cash Dividend :
Interim Dividend :
Implementation Date
2023 30 November 2023
2022
2021
2020
2019 08 Jan 2019
Ratio
2023 1 : 15
2022
2021
2020
2019 1 : 15
Total Dividend Paid
2023 102,780
2022
2021
2020
2019 25,695

Dividend Final :
Implementation Date
2023 3 Juli 2023
2022 20 July 2022
2021 23 Juli 2021
2020 24 September 2020
2019 27 Juni 2019
Ratio
2023 1 : 7.5
2022 1 : 22
2021 1 : 15
2020 1 : 30
2019 1 : 30
Total Dividend Paid
2023 51,390
2022 37.686
2021 25,695
2020 51,390
2019 51,390

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 Solusi Anak Milenial Subsidiary 99% 2021 Information and Telecommunications Active
PT Solusi Identitas Global Net Subsidiary 99% 2022 Information and Telecommunications 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 Solusi Anak Milenial
Subsidiary / Associated Company Subsidiary
Percentage of Ownership 99%
Year Established 2021
Business Line Information and Telecommunications
Operation Status Active
Name PT Solusi Identitas Global Net
Subsidiary / Associated Company Subsidiary
Percentage of Ownership 99%
Year Established 2022
Business Line Information and Telecommunications
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

Struktur Organisasi JTPE

Image : Organization Structure, as of June 02nd, 2023

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.

PROF.DR.Made Sudarma, MM,CPA,CA.Ak

Independent Commissioner and
Chairman of The Audit Committee

Indonesian Citizen, 66 years old. Born in Singaraja on July 9th, 1957. Graduated from Masters in Financial Management in 1997 and Doctoral Program in Financial Management and Accounting in 2003, postgraduate program at Brawijaya University, Malang. Began his career in academia as a lecturer since 1982 at the University of Brawijaya Malang, an extraordinary lecturer in the faculty of economics majoring in accounting at Petra Christian University, Surabaya in 1997-2015, and became the Main Advisor for Professors class IV/e starting in 2023. Outside the academic field, became the Managing Partner of the Public Accounting Firm Drs. Made Sudarma & Partners from 1989-2005, Managing partner of KAP Made Sudarma, Thomas and Dewi since 2005, appointed as Independent Commissioner at PT Jasuindo Tiga Perkasa Tbk in 2001-2015, and became Individual Consultant for AIPD-LPPM Universitas Brawijaya Public Sector Indonesia since 2012.

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 address :

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

or

Anti-Bribery and Corruption (ABC)
email : smap@jasuindo.com

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