DESCRIPTION
(In billion rupiah)
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2003/2002
(%)
  
  Net Sales
233.36
374.71
358.56
449.55
1,021.91
966.15
1,566.31
1,735.22
1,711.40
2,138.81
25
  
  Cost of Sales
156.99
219.86
234.02
252.28
450.75
547.73
860.26
1,122.93
1,280.48
1,471.91
15
  
  Gross Profit
66.37
154.85
124.54
197.27
571.16
418.42
706.03
612.29
430.92
666.90
55
  
  Income from Operations
36.48
108.46
87.82
146.17
475.33
318.02
537.28
126.29
247.42
447.98
81
  
  Earnings before interest, Tax, Depreciation and Amortization
51.39
139.74
125.87
149.24
386.54
392.47
661.64
262.81
364.96
466.18
28
  
  Interest expenses
10.02
60.62
50.54
30.93
54.56
29.04
25.42
19.00
13.20
16.73
27
  
  Interest Income
3.68
3.68
2.73
8.74
120.98
33.65
32.46
51.29
39.02
20.44
(48)
  
  Provision for IncomeTax
11.60
16.14
12.24
21.14
76.57
85.83
167.36
46.53
65.68
94.99
45
  
  Effective Tax Rate
51%
39%
36%
29%
29%
30%
32%
33%
27%
30%
9
  
  Net Income
14.77
29.23
24.30
60.40
310.32
234.35
383.15
118.91
177.40
226.55
28
  
  Total Assets
663.15
660.24
723.24
1,560.12
1,940.27
2,055.25
2,516.34
2,577.32
2,525.03
4,326.84
71
  
  Total Liabilities
419.03
392.97
443.63
508.89
585.42
598.01
757.00
890.63
843.86
2,543.33
201
  
  Total Equity
244.12
267.27
279.62
1,047.55
1,344.21
1,447.65
1,750.31
1,680.48
1,675.48
1,783.51
6
  
  Net Working Capital
18.06
(0.02)
0.08
451.90
472.13
452.50
763.04
874.30
827.99
2,100.12
154
  
  Outstanding Shares
(in thousands)
100
100
100
1,230,769
1,230,769
1,230,769
1,230,769
1,230,769
1,907,692
1,907,692
0
  
  Net Income per share
(full rupiah)
29.55
58.45
48.61
86.04
252.14
190.40
311.31
96.61
92.99
118.76
28
  
  Return on equity
6%
11%
9%
13%
26%
17%
24%
7%
11%
13%
24
  
  Current Ratio
116%
100%
100%
278%
299%
246%
253%
293%
293%
568%
94
  
  Debt to Equity Ratio
172%
147%
159%
49%
44%
41%
43%
53%
50%
143%
183
  
  Gross Margin
28%
41%
35%
44%
56%
43%
45%
35%
25%
31%
24
  
  Operating Margin
16%
29%
24%
33%
47%
33%
34%
7%
14%
21%
45
  
  Net Profit Margin
6%
8%
7%
13%
30%
24%
24%
7%
10%
11%
2
  
  Exchange Rate
(Rp/USD)**
2,159
2,243
2,327
2,890
10,224
7,848
8,405
10,256
9,316
8,570
(8)
  
  Gold Price
(USD/t.oz) **
384.54
384.50
387.81
331.10
294.26
278.87
279.18
271.35
310.57
364.06
17
  
  Nickel Price
(USD/Lb) **
2.88
3.73
3.40
3.14
2.09
2.74
3.92
2.71
3.08
4.37
42
  
  * Financial Highlights for 2001 and 2002 as restated.
** Annual average of daily spot price. 		 



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