The realization of social responsibility in economic aspect is manifested by Antam by providing real contribution for the community and the government, and creating positive impact of economic development comprehensively. The form of contributions and economic development to the community is aimed to improve economic independency and social welfare, besides contributing to the government through tax, royalty and other non-tax state revenue (PNBP), according to applicable regulations.

Antam's participation in improving community welfare and fighting poverty is manifested in Partnership Program (PK). The program's activities are focused on the community's economy empowerment by giving venture capital and/or investment fund assistance. Antam provides maximum 2% of its net profit for this assistance. The assistance with revolving fund system is meant for sustainable business cycle with different partner to establish community's economic independence in accordance with State-owned Enterprises Ministerial Regulation (PERMEN) number 05/MBU/2007. On priority scale, the loans are allocated for micro, small and medium sized business, including the cooperatives within Antam's operational areas. The loans are not only extended to individual, but also to business groups in similar line of business. For 2012, Antam has allocated Rp28.9 billion for Partnership Program.

Besides financial assistance, Antam also develops its foster partners in a program known as capacity building. Through this fostering, Antam strives to improve the quality of its foster partners which are expected to be eventually independent from the company's assistance and are capable of being creative to achieve business independence. Since 2008 until August 2012, Antam's foster partners amounted to 4,591 partners. From January until August 2012, Antam spent Rp61.5 billion in partnership programs.

During the first six months of 2012, Antam's income attributable to the parent company decreased by 53% compared to the income of the same period in 2011 to Rp476 billion. The earnings per share of the period (EPS) recorded at Rp49.97 compared to six months of 2011 EPS of Rp107.48. The decrease was mainly due to the lower selling prices of nickel.

In the first half of 2012, Antam's contribution to the state amounted to Rp644.7 billion in which Rp153.4 billion came from tax contribution and Rp491.2 came from non tax contribution.

To get a more complete picture of our Economic Performance, please see the section within our Sustainability Report.