PT Antam (Persero) Tbk

Economic Responsibility
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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. 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 2017, ANTAM has allocated Rp17.93 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.

During the book year of 2017, ANTAM's records positive Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of Rp2.21 trillion (USD163.24 million) which growth significantly by 96% compared to EBITDA level of Rp1.13 trillion (USD84.15 million) in FY16. Higher EBITDA level was due to production and net sales increased as well as efficiency improvements which led to stable cash costs level. In FY17, ANTAM's net sales amounted at Rp12.65 trillion (USD933.98 million), a 39% increase compared to FY16. ANTAM also booked net profit of Rp136 billion (USD10.1 million) increased significantly by 111% compared to net profit in FY16 at Rp64 billion (USD4.82 million).

 

In 2017, ANTAM's contribution to the state amounted to Rp735,55 billion in which Rp377,61billion came from tax contribution and Rp357,94 billion came from nontax contribution.

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

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