2008 Annual Report
25th Anniversary
Table of Contents
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Table of Contents
Daftar Isi
UIC Milestones
Financial Highlights
Shares, Dividends and Chronology of Company Listing
Board of Commissioners Report
Board of Directors Report
Corporate Profile
Vision, Mission and Philosophy
Organization Structure
Board of Commissioners Profile
Board of Directors Profile
Awards and Certifications
Corporate Structure
Data of Subsidiaries
Management Discussion and Analysis
Good Corporate Governance
Consolidated Financial Statements
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Perjalanan UIC
Ikhtisar Keuangan
Saham, Dividen dan Kronologis Pencatatan Saham
Laporan Dewan Komisaris
Laporan Dewan Direksi
Profil Perusahaan
Visi, Misi dan Filosofi
Struktur Organisasi
Profil Dewan Komisaris
Profil Dewan Direksi
Penghargaan dan Sertifikasi
Struktur Perusahaan
Data Anak Perusahaan
Analisa dan Pembahasan Manajemen
Tata Kelola Perusahaan
Laporan Keuangan Konsolidasi
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Table of Contents
02
Table of Contents
Daftar Isi
UIC Milestones
Financial Highlights
Shares, Dividends and Chronology of Company Listing
Board of Commissioners Report
Board of Directors Report
Corporate Profile
Vision, Mission and Philosophy
Organization Structure
Board of Commissioners Profile
Board of Directors Profile
Awards and Certifications
Corporate Structure
Data of Subsidiaries
Management Discussion and Analysis
Good Corporate Governance
Consolidated Financial Statements
04
06
08
10
12
14
15
16
18
20
22
24
26
32
42
52
Perjalanan UIC
Ikhtisar Keuangan
Saham, Dividen dan Kronologis Pencatatan Saham
Laporan Dewan Komisaris
Laporan Dewan Direksi
Profil Perusahaan
Visi, Misi dan Filosofi
Struktur Organisasi
Profil Dewan Komisaris
Profil Dewan Direksi
Penghargaan dan Sertifikasi
Struktur Perusahaan
Data Anak Perusahaan
Analisa dan Pembahasan Manajemen
Tata Kelola Perusahaan
Laporan Keuangan Konsolidasi
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06
08
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UIC Milestones
- Establishment of PT Unggul Indah Corporation
- Commencement of Commercial Production
- Initial Public Offering
- Company Listing in Jakarta and Surabaya Stock Exchange
- Acquisition of PT Petrocentral, Gresik, Surabaya
- Establishment of UIC Vietnam Co., Ltd.
- Completion of PACOL
- Signing Joint Venture Agreement with PT Wiranusa Grahatama (WG)
- Achieved ISO-9002
- Acquisition of Universal Interchemicals Corp. Pte., Ltd. (UICPL), Singapore
(formerly known as Salim Oleochemicals Pte., Ltd.)
- Change of Company Name to PT Unggul Indah Cahaya Tbk.
- Rescheduled Syndication Loan
- UICPL increased its shares ownership from 50% to 100% in Albright &
Wilson (Australia) Limited
- Achieved ISO 9001-2000
- Bond Issuance (Obligasi Unggul Indah Cahaya I Tahun 2003, with Nominal
IDR 600,000,000,000)
- Fully Repayment of Syndication Loan
- Achieved ISO-14001
- Acquisition of 55% share ownership of PT Wiranusa Grahatama
- Completion of Debottlenecking Project, increasing annual installed production
capacity by 60,000 MT from 210,000 MT to 270,000 MT per annum.
- Establishment of United Austindo Chemicals Pte., Ltd. Singapore and aquisition of 40%
share ownweship in Fang Cheng Tian-Mu Chemical Co., Ltd., a company incorporated
in China
- Signing of USD 55,000,000 Club Deal Facility Agreement
- Settlement of UIC’s Bonds (Obligasi Unggul Indah Cahaya I Tahun 2003)
1983
1985
September 1989
November 1989
August 1992
April 1993
End 1996
Early 1997
Mid 1997
End 1999
Mid 2001
Early 2003
October 2003
Early 2004
June 2005
December 2005
2006
September 2008
October 2008
Perjalanan UIC
UIC Milestones04
Ikhtisar Keuangan
Financial Highlights
LAPORAN LABA RUGI KONSOLIDASI
Untuk tahun yang berakhir pada tanggal 31 Desember
(Dalam ribuan Dolar Amerika Serikat
kecuali Laba Bersih per Saham Dasar)
CONSOLIDATED INCOME STATEMENTS
For the years ended December 31
(In thousand of US Dollar except for Basic
Earnings per Share)
Penjualan Bersih Laba Kotor Laba Usaha
Penghasilan (Beban) Lain-lain, Bersih Laba sebelum Beban Pajak Penghasilan Beban Pajak Penghasilan, Bersih Laba sebelum Bagian Minoritas atas Rugi (Laba)
Bagian Minoritas atas Rugi (Laba) Bersih
Rugi Bersih PT Wiranusa Grahatama
Laba Bersih
Laba Bersih per Saham Dasar*
2008 USD 343.543 45.182 21.067 (16.331) 4.825 2.180 2.645 1.045 - 3.690 0,010 Net Sales Gross Profit Income from Operations Other Income (Charges), Net Income before Income Tax Expense Income Tax Expense, Net Income before Minority Interest in Net Losses Minority Interests in Net Losses (Earnings) Net Losses of PT Wiranusa Grahatama Prior Net Income Basic Earnings per Share*
NERACA KONSOLIDASI
per 31 Desember
(Dalam ribuan Dolar Amerika Serikat)
CONSOLIDATED BALANCE SHEET
December 31
(In thousand of US Dollar)
Aktiva Aktiva Lancar
Investasi dalam Obligasi Konversi Aktiva Real Estat
Aset Tetap-Setelah dikurangi
Aktiva Tidak Lancar Lainnya Jumlah Aktiva Kewajiban dan Ekuitas Kewajiban Lancar
Hutang Jangka Panjang-Setelah dikurangi
Hutang Obligasi, Bersih Kewajiban Pajak Tangguhan, Bersih Kewajiban Tidak lancar Lainnya, Bersih Jumlah Kewajiban
Bagian Minoritas atas Aktiva Bersih
Ekuitas PT Wiranusa Grahatama sebelum
Jumlah Ekuitas Jumlah Kewajiban dan Ekuitas Modal Kerja, Bersih
Assets Current Assets Investment in Convertible Bond Real Estate Assets Property, Plant and Equipment, Net of Other Non-Current Assets Total Assets Liabilities and Stockholders’ Equity Current Liabilities Long Term Debts, Net of Bonds Payable, Net Deferred Tax Liabilities, Net Other Non-Current Liabilities, Net Total Liabilities Minority Interest in Net Assets Equity of PT Wiranusa Grahatama Prior Total Stockholders’ Equity Total Liabilities & Shareholders’ Equity Working Capital, Net
2008 USD 163.153 33.549 -82.820 4.248 283.770 96.165 51.530 - 3.197 6.484 157.376 3.938 -122.456 283.770 66.988 Bersih Anak Perusahaan dan Rugi Bersih
PT Wiranusa Grahatama sebelum Restrukturisasi Entitas Sepengendali
Anak Perusahaan
Sebelum Restrukturisasi Entitas Sepengendali
(Earnings) of Subsidiaries and Net Losses of PT Wiranusa Grahatama Prior to Restructuring Transaction among Entities under Common Control of Subsidiaries to Restructuring Transaction among Entities under Common Control
Akumulasi Penyusutan
Bagian Jatuh Tempo dalam Waktu Satu Tahun
Anak Perusahaan
Restrukturisasi Entitas Sepengendali
Accumulated Depreciation Current Maturities of Subsidiaries Restructuring Transaction among Entities under Common Control
2007 USD 318.717 34.786 12.643 (7.626) 5.007 1.389 3.618 (92) - 3.525 0,009 2006 USD 323.263 35.797 10.914 (7.621) 3.355 2.205 1.151 99 -1.250 0,003 2005 USD 299.307 45.366 17.579 (10.991) 6.588 2.358 4.230 350 384 4.964 0,013 2004 USD 296.827 47.406 24.252 389 24.641 6.417 18.224 (963) 244 17.505 0,046 2007 USD 132.396 40.997 98.349 6.791 278.532 122.146 8.031 - 7.513 7.189 144.878 5.785 127.869 278.532 10.250 2006 USD 150.391 - 42.973 102.876 8.141 304.381 87.994 10.396 60.750 8.779 7.488 175.407 5.902 - 123.072 304.381 62.397 2005 USD 123.248 - - - 37.981 - 109.185 3.814 274.228 65.024 5.951 55.532 9.017 12.030 147.555 5.291 - 121.383 274.228 58.224 2004 USD 170.550 - 30.354 103.043 5.074 309.021 87.245 8.959 63.820 12.677 11.303 184.003 4.359 3.510 117.148 309.021 83.305
343.543
3.690 283.770
122.456
ANALISA RASIO
Untuk tahun yang berakhir pada tanggal 31 Desember
For the years ended December 31
RATIO ANALYSIS
Rasio Laba Bersih terhadap Aktiva Rasio Laba Bersih terhadap Ekuitas Rasio Lancar
Rasio Kewajiban terhadap Ekuitas Rasio Kewajiban terhadap Aktiva Rasio Laba Bersih terhadap Penjualan Bersih
2008 % 1,30 3,01 169,66 128,52 55,46 1,07
Ratio of Net Income to Assets Ratio of Net Income to Equity Current Ratio Debt to Equity Ratio Debt to Assets Ratio Ratio of Net Income to Net Sales
2007 % 1,27 2,76 108,39 113,30 52,01 1,11 2006 % 0,41 1,02 170,91 142,52 57,63 0,39 2005 % 1,81 4,09 189,54 121,56 53,81 1,66 2004 % 5,66 14,94 195,48 157,07 59,54 5,90
Jumlah Aktiva | Total Assets
309.021
2004
274.2282005
304.3812006
278.5322007
2008
2004
2005
2006
2007
2008
2004
2005
2006
2007
2008
2004
2005
2006
2007
2008
Penjualan Bersih | Net Sales
296.827 299.307 323.263 318.717
Jumlah Ekuitas |
Dalam ribuan Dolar Amerika Serikat | In thousand US Dollar
Total Stockholder’s Equity
117.148 121.383 123.072 127.869
Laba Bersih | Net Income
17.505
4.964
1.250
3.525
Saham, Dividen and Kronologis Pencatatan Saham
Shares, Dividends
and Chronology of Company Listing
Harga dan Volume Transaksi Saham | Price and Transaction Volume
Bursa Efek Jakarta | Jakarta Stock Exchange
Volume Transaksi Transaction Volume
Dividen | Dividend
Kuartal Quarter 2007 I II III IV Harga Tertinggi Highest Price (Rp) 2.850 3.000 2.800 2.850 Harga Terendah Lowest Price (Rp) 2.500 2.250 1.950 2.450 Harga Penutupan Closing Price (Rp) 2.800 2.775 2.775 2.800 31.000 34.000 28.000 37.500 Tahun PembayaranDividend Payment Year
2008 Dividen Saham Share Dividend (Rp) -Dividen Kas Cash Dividend (Rp) 1999 2000 2001 2002 2003 2004 2005 2006 2007 65.341.595.250 52.274.833.500 -345.481.474 -10.993.943.490 11.005.443.432 20.887.725.970 49.833.077.190 9.199.952.712 13.800.000.000
-Bursa Efek Surabaya | Surabaya Stock Exchange Kuartal Quarter 2007 I II III IV Harga Tertinggi Highest Price (Rp) 2.850 3.000 2.800 2.850 Harga Terendah Lowest Price (Rp) 2.500 2.250 1.950 2.450 Harga Penutupan Closing Price (Rp) 2.800 2.775 2.775 2.800 Volume Transaksi Transaction Volume -Bursa Efek Indonesia | Indonesia Stock Exchange
Volume Transaksi Transaction Volume Kuartal Quarter 2008 I II III IV Harga Tertinggi Highest Price (Rp) 2.800 2.800 2.800 2.775 Harga Terendah Lowest Price (Rp) 2.400 2.100 1.700 2.775 Harga Penutupan Closing Price (Rp) 2.750 2.775 2.775 2.775 80.500 21.500 47.500
