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Ev
ery
thin
g i
s a
go
od
op
po
rtu
nit
y.
Wh
eth
er y
ou
liv
e i
n a
tim
e o
f p
rosp
erit
y
or
eco
no
mic
dep
ress
ion
, fi
gu
re o
ut
wh
at p
eo
ple
need
. C
reat
e o
pp
ort
un
itie
s.
Use
yo
ur
imag
inati
on
.
Juli
us
Ta
hij
a,
Fo
un
der
of
AN
J, H
ori
zo
n B
eyo
nd
p.2
01
A
US
TIN
DO
VIS
ION
Vis
i A
ust
ind
o
03
F
INA
NC
IAL
HIG
HL
IGH
TS
Ikh
tisa
r K
eu
an
ga
n
05
C
HA
IRM
AN
’S S
TA
TE
ME
NT
Sa
mb
uta
n K
om
isa
ris
Uta
ma
09
C
EO
’S R
EP
OR
T
La
po
ran
Dir
ek
tur
Uta
ma
15
P
T A
US
TIN
DO
NU
SA
NT
AR
A J
AY
A A
GR
I (A
NJA
GR
I) 2
3
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
HE
AL
TH
CA
RE
(A
NJH
C)
29
O
TH
ER
S
La
inn
ya
31
B
OA
RD
OF
CO
MM
ISS
ION
ER
S
Dew
an
Ko
mis
ari
s
37
B
OA
RD
OF
DIR
EC
TO
RS
Dir
ek
si
39
G
RO
UP
OR
GA
NIZ
AT
ION
ST
RU
CT
UR
E
Str
uk
tur
Org
an
isa
si G
rup
41
IN
DE
PE
ND
EN
T A
UD
ITO
R’S
RE
PO
RT
La
po
ran
Au
dit
or
Ind
ep
en
den
CO
NT
EN
TS
Da
fta
r Is
i
Th
e t
hre
e m
ain
ru
les
of
bu
sin
ess
:
tell
th
e t
ruth
, k
eep
yo
ur
pro
mis
es,
be f
air
.
Geo
rge T
ah
ija,
Pre
sid
en
t D
irect
or
an
d C
EO
of
AN
J.
AU
ST
IND
O V
ISIO
NV
isi
Au
sti
nd
o
Te
ma
Ko
rpo
rasi
Men
cap
ai Su
kse
s B
era
sask
an
Pri
nsi
p
CO
RP
OR
AT
E T
HE
ME
Ach
iev
ing
Su
ccess
Th
rou
gh
Pri
nci
ple
-Cen
tere
d M
an
agem
en
t
AB
OU
T A
NJ
Est
ab
lish
ed
in
19
85
, P
T A
ust
ind
o N
usa
nta
ra J
ay
a (
AN
J),
the
ho
ldin
g c
om
pan
y o
f th
e A
ust
ind
o G
rou
p,
has
core
bu
sin
ess
es
in
fin
an
cia
l se
rvic
es,
ag
rib
usi
ness
an
d h
ea
lth
care
. T
he g
rou
p a
lso
has
min
ori
ty i
nv
est
men
ts i
n b
usi
ness
es
that
it d
oes
no
t co
ntr
ol
or
man
age.
AN
J is
a p
riv
ate
In
do
nesi
an
co
mp
an
y,
wh
oll
y o
wn
ed
by
th
e T
ah
ija f
am
ily.
Te
nta
ng
AN
J
Did
irik
an
pad
a 1
98
5,
PT A
ust
ind
o N
usa
nta
ra J
aya
(A
NJ)
, in
du
k p
eru
sah
aan
Gru
p A
ust
ind
o,
mem
pu
nya
i ke
gia
tan
usa
ha in
ti d
ala
m b
idan
g jasa
keu
an
gan,
ag
rib
isn
is d
an
pela
yan
an
kese
hata
n.
Gru
p A
ust
ind
o ju
ga m
ela
ku
kan
in
vest
asi
min
ori
tas
pad
a b
idan
g-b
idan
g u
sah
a lain
di m
an
a G
rup
Au
stin
do
tid
ak t
erl
ibat
dala
m p
en
gaw
asa
n a
tau
pen
gelo
laan
usa
ha.
AN
J ad
ala
h p
eru
sah
aan
tert
utu
p y
an
g s
elu
ruh
sah
am
nya
dim
iliki o
leh
kelu
arg
a T
ah
ija.
Ou
r p
urp
ose
is
to c
reate
su
stain
ab
le w
ea
lth
fo
r a
ll
sta
keh
old
ers
an
d t
o e
lev
ate
In
do
nesi
a’s
sta
tus
by
uti
lizin
g
reso
urc
es
pro
du
ctiv
ely
an
d e
ffect
ively
. T
hese
sh
all
be
ach
iev
ed
co
nsi
sten
t w
ith
ou
r co
re v
alu
es
of:
Tuju
an
kam
i ad
ala
h m
en
cip
takan
kem
akm
ura
n b
ag
i p
ara
pem
an
gku
kep
en
tin
gan
dan
men
ing
katk
an
cit
ra b
an
gsa
In
do
nesi
a,
den
gan
men
daya
gu
nakan
su
mb
er
daya
yan
g a
da
seca
ra p
rod
ukti
f d
an
efe
kti
f. T
uju
an
ters
eb
ut
kam
i ca
pai d
en
gan
men
gg
un
akan
cara
-cara
yan
g s
esu
ai d
en
gan
nila
i-n
ilai h
akik
i ya
ng
kam
i an
ut,
yait
u:
Resp
ect
fo
r P
eo
ple
an
d t
he E
nv
iro
nm
en
t
Co
nti
nu
ou
s Im
pro
vem
en
t
Inte
gri
ty
Inte
gri
tas
Men
gh
arg
ai Sesa
ma M
an
usi
a d
an
Lin
gku
ng
an
Pen
ing
kata
n K
em
am
pu
an
seca
ra B
erk
esi
nam
bu
ng
an
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
20
11
An
nu
al
Rep
ort
20
11
An
nu
al
Rep
ort
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
p.4
FIN
AN
CIA
L H
IGH
LIG
HT
SIk
hti
sa
r K
eu
an
ga
n
RO
E
%
PA
T
US
$ M
illi
on
26
.0
56
.1
Reve
nu
e
US
$ M
illi
on
161.
8
214
.0
29
6.2
20
102
00
92
011
20
102
00
92
011
20
102
00
92
011
76.3
%38.4
%61.3
%
PA
T i
ncr
ease
d f
rom
US
$ 3
1.8
mil
lio
n t
o
US
$ 5
6.1
mil
lio
n.
Rev
en
ue i
ncr
ease
d
fro
m U
S$
214
mil
lio
n
to U
S$
29
6.2
mil
lio
n.
RO
E i
ncr
ease
d f
rom
7.4
% t
o 1
2%
.
31.
8
12.0
7.4
6.6
AN
J ach
iev
ed
an
un
pre
ced
en
ted
US
$ 5
6.1
mil
lio
n
Pro
fit
Aft
er
Ta
x d
esp
ite n
ew c
ha
llen
ges
to
op
era
tin
g c
on
dit
ion
s.
AN
J m
en
cap
ai La
ba S
ete
lah
Paja
k s
eb
esa
r A
S$
56
,1 ju
ta
wala
up
un
dih
ad
ap
kan
pad
a t
an
tan
gan
-tan
tan
gan
op
era
sio
nal b
aru
.
20
11
An
nu
al
Rep
ort
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
p.6
p.5
CH
AIR
MA
N’S
ST
AT
EM
EN
TS
am
bu
tan
Ko
mis
ari
s U
tam
a
A n
um
ber
of
inte
rnati
on
al
even
ts d
om
inate
d 2
011
.
Th
ese
in
clu
de s
low
er
than
ex
pect
ed
gro
wth
in
th
e
wo
rld
’s m
ajo
r eco
no
mie
s; t
he E
uro
cri
sis,
wit
h i
ts
po
ten
tia
l co
nta
gio
n a
nd
acc
om
pan
yin
g l
ead
ers
hip
chan
ges
in t
he E
CB
, G
reece
an
d I
taly
; th
e e
art
hq
ua
ke,
tsu
nam
i an
d s
ub
seq
uen
t n
ucl
ear
cris
is i
n J
ap
an
an
d
the c
on
tin
uati
on
of
the A
rab
Sp
rin
g t
hat
top
ple
d
the l
ead
ers
hip
of
Ho
sni
Mu
bara
k i
n E
gy
pt
an
d
Mu
am
mar
Gad
dafi
in
Lib
ya.
Clo
ser
to h
om
e,
we
wit
ness
ed
un
pre
ced
en
ted
flo
od
s in
Th
ail
an
d t
hat
cau
sed
th
e l
oss
of
ov
er
60
0 l
ives
an
d p
ara
lyzed
a
sig
nifi
can
t p
ort
ion
of
the T
hai
eco
no
my.
Seju
mla
h p
eri
stiw
a in
tern
asi
on
al m
en
do
min
asi
tah
un
2011
, te
rmasu
k
pert
um
bu
han
yan
g t
idak m
em
en
uh
i eksp
ekta
si d
ala
m p
asa
r-p
asa
r u
tam
a
du
nia
; kri
sis
Euro
yan
g b
erp
ote
nsi
men
ula
r ke
neg
ara
lain
nya
; p
erg
an
tian
kep
em
imp
inan
pad
a B
an
k S
en
tral Ero
pa,
Yu
nan
i d
an
Ita
lia t
erk
ait
kri
sis
ters
eb
ut;
gem
pa b
um
i d
an
tsu
nam
i d
i Je
pan
g y
an
g d
iiku
ti o
leh
kri
sis
nu
klir
dan
berg
ulir
nya
Keb
an
gkit
an
Ara
b y
an
g m
en
gg
ulin
gkan
kep
em
imp
inan
Ho
sni M
ub
ara
k d
i M
esi
r d
an
Muam
mar
Gad
dafi
di Li
bia
. D
i n
eg
ara
teta
ng
ga,
kit
a m
enya
ksi
kan
banjir
di Thaila
nd
yan
g b
elu
m p
ern
ah
terj
ad
i se
belu
mnya
,
men
gakib
atk
an
men
ing
galn
ya 6
00
jiw
a d
an
lu
mp
uh
nya
seb
ag
ian
besa
r
pere
kon
om
ian
neg
ara
ters
eb
ut.
In 2
011
, In
do
nesi
a r
eco
rded
eco
no
mic
gro
wth
of
6.5
%,
surp
ass
ing
th
e g
row
th
of
6.1
% i
n 2
010
. M
oo
dy
’s r
ece
ntl
y
incr
ease
d I
nd
on
esi
a’s
so
vere
ign
bo
nd
rati
ng
fro
m B
a1
to
Baa3
, m
ak
ing
it
inv
est
men
t g
rad
e.
Fo
r In
do
nesi
a t
o a
chie
ve s
ust
ain
ab
le
gro
wth
, th
e n
ati
on
need
s to
in
vest
bo
ldly
an
d s
wif
tly
in
in
frast
ruct
ure
thro
ug
ho
ut
the a
rch
ipela
go
, st
ren
gth
en
reg
ula
tory
cla
rity
an
d e
nfo
rcem
en
t
an
d s
ign
ifica
ntl
y i
mp
rov
e d
eli
very
of
21
st c
en
tury
ed
uca
tio
n a
nd
tra
inin
g
for
its
hu
man
reso
urc
es.
In 2
011
PT
Au
stin
do
Nu
san
tara
Jay
a
(AN
J)’s
sh
are
ho
lders
deci
ded
to
stra
teg
ica
lly
fo
cu
s th
eir
bu
sin
ess
es
in t
wo
are
as:
fo
od
an
d r
en
ew
ab
le
en
erg
y u
nd
er
AN
J a
nd
he
alt
hca
re
un
der
PT
Au
stin
do
Nu
san
tara
Jay
a
Healt
hC
are
(A
NJH
C).
Sh
are
ho
lders
an
d
bo
ard
mem
ber
s d
eci
ded
on
th
is s
trate
gic
shif
t in
an
tici
pati
on
of
an
in
creasi
ng
ly
cha
llen
gin
g o
pera
tin
g e
nv
iro
nm
en
t.
We b
eli
ev
e t
hat
the n
ew
co
rpo
rate
stru
ctu
re w
ill
pla
ce t
he m
an
agem
en
t
team
in
a b
ett
er
po
siti
on
to
ad
dre
ss
futu
re r
eq
uir
em
en
ts a
nd
ch
all
en
ges.
Pad
a 2
011
, la
ju p
ert
um
bu
han
pere
kon
om
ian
Ind
on
esi
a m
en
cap
ai 6
,5%
, m
ela
mp
au
i la
ju
pert
um
bu
han
seb
esa
r 6
,1%
pad
a 2
010
.
Lem
bag
a p
em
eri
ng
kat
Mo
od
y’s
men
aik
kan
pe ri
ng
kat
kre
dit
ob
ligasi
pem
eri
nta
h In
do
nesi
a
dari
Ba1
men
jad
i B
aa3,
seh
ing
ga In
do
nesi
a k
ini
term
asu
k d
ala
m p
eringka
t negara
laya
k in
vest
asi
.
Un
tuk m
en
cap
ai p
ert
um
bu
han
yan
g b
erk
e-
lan
juta
n,
Ind
on
esi
a h
aru
s se
gera
mela
ku
kan
inve
stasi
yan
g m
en
yelu
ruh
un
tuk m
em
ban
gu
n
infr
ast
ruktu
r d
i se
luru
h w
ilaya
h n
usa
nta
ra,
men
ing
katk
an
kep
ast
ian
dan
pen
eg
akan
hu
ku
m s
ert
a m
en
ing
katk
an
mu
tu p
en
did
ikan
dan
pela
tih
an
bag
i su
mb
er
daya
man
usi
an
ya
sesu
ai d
en
gan
tu
ntu
tan
ab
ad
ke-2
1.
Pad
a 2
011
, p
ara
pem
eg
an
g s
ah
am
PT A
ust
ind
o
Nu
san
tara
Jaya
(A
NJ)
mem
utu
skan
un
tuk m
e-
mu
satk
an
str
ate
gi u
sah
an
ya p
ad
a d
ua b
idan
g,
yait
u p
an
ga
n d
an
en
erg
i te
rba
ruk
an
di
baw
ah
nau
ng
an
AN
J d
an
pe
lay
an
an
ke
seh
ata
n d
i b
aw
ah
PT A
ust
ind
o N
usa
nta
ra
Jaya
Healt
hC
are
(A
NJH
C).
Pem
eg
an
g s
ah
am
,
Dew
an
Ko
mis
ari
s d
an
Dir
eksi
mem
utu
skan
pera
lihan
str
ate
gis
in
i u
ntu
k m
en
gan
tisi
pasi
kon
dis
i o
pera
sio
nal ya
ng
sem
akin
men
an
tan
g.
Kam
i ya
kin
bah
wa s
tru
ktu
r p
eru
sah
aan
yan
g b
aru
akan
men
du
ku
ng
tim
man
aje
men
dala
m m
en
gh
ad
ap
i tu
ntu
tan
dan
tan
tan
gan
masa
dep
an
.
20
11
An
nu
al
Rep
ort
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
p.1
0p
.9
CE
O’S
RE
PO
RT
La
po
ran
Dir
ek
tur
Uta
ma
AN
J ach
iev
ed
an
un
pre
ced
en
ted
US
$ 5
6.1
mil
lio
n P
rofi
t
Aft
er
Ta
x (
PA
T).
In
a y
ear
of
stro
ng
do
mest
ic c
on
sum
er
dem
an
d a
nd
hig
h c
om
mo
dit
y p
rice
s, A
NJ
ach
iev
ed
th
ese
resu
lts
desp
ite n
ew
ch
all
en
ge
s to
op
era
tin
g c
on
dit
ion
s
for
co
mm
od
itie
s b
ase
d a
nd
la
bo
ur
inte
nsi
ve
bu
sin
ess
es.
Re
gu
lato
ry
un
ce
rta
inty
an
d w
ea
k e
nfo
rce
me
nt,
com
bin
ed
wit
h p
rote
sts
by
lab
or,
co
mm
un
ity
-base
d
org
an
izat
ion
s an
d g
rou
ps
that
cla
im t
o r
epre
sen
t th
e
com
mu
nit
y c
hara
cteri
zed
20
11
.
In l
igh
t o
f th
ese
in
creasi
ng
ch
all
en
ges,
the A
NJ
Gro
up
deci
ded
to
sh
ift
aw
ay
fro
m t
he m
ult
iple
bu
sin
ess
“co
nglo
mer
ate”
mo
del,
ad
op
ted
sin
ce 1
98
5,
an
d f
ocu
s o
n
bu
ild
ing
its
fu
ture
bu
sin
ess
es
in a
reas
of
core
co
mp
ete
nci
es
an
d s
ign
ifica
nt
man
agem
en
t d
ep
th.
RE
FO
CU
SIN
G S
TR
AT
EG
ICA
LL
Y
In 2
011
, T
he T
ah
ija f
am
ily
mad
e t
he
deci
sio
n t
o r
est
ructu
re i
ts i
nv
est
men
ts
an
d c
on
cen
trate
in
tw
o s
ect
ors
: fi
rstl
y,
foo
d a
nd
re
new
ab
le e
ne
rgy,
an
d
seco
nd
ly,
he
alt
hca
re.
AN
J, p
rev
iou
sly
a h
old
ing
co
mp
an
y f
or
inv
est
men
ts
acr
oss
a r
an
ge o
f in
du
stri
es,
wil
l b
eco
me
AN
J m
en
cap
ai La
ba S
ete
lah
Paja
k s
eb
esa
r A
S$
56
,1 ju
ta b
erk
at
ku
atn
ya p
erm
inta
an
kon
sum
en
pasa
r d
ala
m n
eg
eri
dan
harg
a k
om
od
itas
yan
g t
ing
gi. A
NJ
men
cap
ai
hasi
l in
i w
ala
up
un
dih
ad
ap
kan
pad
a t
an
tan
ga
n-t
an
tan
ga
n o
pe
rasi
on
al
ba
ru
da
lam
bid
an
g u
sah
a s
um
be
r d
ay
a a
lam
da
n i
nd
ust
ri p
ad
at
ka
rya
.
Tah
un
in
i d
itan
dai o
leh
berb
ag
ai ta
nta
ng
an
sep
ert
i ke
tid
ak
pa
stia
n d
an
lem
ah
ny
a p
en
eg
ak
an
hu
ku
m,
dis
ert
ai d
en
gan
aksi
un
juk r
asa
yan
g d
ilaku
kan
ole
h b
uru
h,
lem
bag
a s
wad
aya
masy
ara
kat
dan
berb
ag
ai ke
lom
po
k lain
yan
g
men
gata
snam
akan
masy
ara
kat.
Den
gan
sem
akin
men
ing
katn
ya t
an
tan
gan
-
tan
tan
gan
ters
eb
ut,
maka G
rup
AN
J
mem
utu
skan
un
tuk b
era
lih d
ari
mo
del m
ult
i-
bis
nis
“ko
ng
lom
era
t” y
an
g t
ela
h d
ijala
nkan
seja
k 1
98
5 d
an
mem
usa
tkan
pen
gem
ban
gan
usa
han
ya d
i b
idan
g d
iman
a G
rup
AN
J
mem
iliki ko
mp
ete
nsi
uta
ma s
ert
a k
eah
lian
man
aje
men
men
dala
m.
Me
ng
em
ba
lik
an
Fo
ku
s se
cara
Str
ate
gis
Pad
a 2
011
, kelu
arg
a T
ah
ija m
en
gam
bil
kep
utu
san
un
tuk m
ela
ku
kan
rest
ruktu
risa
si
inve
stasi
dan
mem
usa
tkan
nya
pad
a d
ua
bid
an
g u
sah
a,
yait
u:
pa
ng
an
da
n e
ne
rgi
terb
aru
ka
n s
ert
a p
ela
ya
na
n k
ese
ha
tan
.
AN
J, y
an
g s
em
ula
meru
pakan
in
du
k p
er-
usa
haan
yan
g m
en
au
ng
i in
vest
asi
dala
m
berb
ag
ai in
du
stri
, akan
bera
lih p
era
n
men
jad
i p
eru
sah
aan
op
era
sio
nal d
i b
idan
g
kela
pa s
aw
it,
sag
u d
an
en
erg
i te
rbaru
kan
.
AN
JHC
akan
teru
s m
en
gelo
la jari
ng
an
nasi
on
al klin
ik m
ata
kela
s d
un
ia.
Untu
k m
ela
ksa
nakan
peru
bahan
in
i, A
NJ
men
div
est
asi
kan
in
vest
asi
nya
dala
m
bid
an
g jasa
keu
an
gan
dan
mere
stru
ktu
risa
si
kep
em
imp
inan
man
aje
men
nya
. D
en
gan
dem
ikia
n A
NJH
C d
an
AN
J d
ap
at
mem
ban
gu
n k
eu
ng
gu
lan
op
era
sio
naln
ya
dan
men
ing
katk
an
nila
i p
eru
sah
aan
masi
ng
-
masi
ng
bag
i p
ara
pe m
an
gku
kep
en
tin
gan
.
an
op
era
tin
g c
om
pan
y i
n p
alm
oil
,
sago
sta
rch
an
d r
en
ew
ab
le e
nerg
y.
AN
JHC
wil
l co
nti
nu
e t
o o
per
ate
its
nati
on
wid
e n
etw
ork
of
wo
rld
-cla
ss
ey
e c
lin
ics.
To
acc
om
mo
date
th
is c
han
ge,
AN
J
div
est
ed
its
in
vest
men
ts i
n fi
nan
cia
l
serv
ices
an
d r
est
ruct
ure
d i
ts s
en
ior
lead
ersh
ip t
eam
. T
his
wil
l a
llo
w
AN
JHC
an
d A
NJ
man
agem
en
t to
dev
elo
p o
pera
tio
na
l ex
cell
en
ce a
nd
incr
ease
sta
keh
old
er
va
lue.
20
11
An
nu
al
Rep
ort
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
p.1
2p
.11
DIV
ES
TA
SI
20
11
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
RE
NT
(AN
JR)
AN
JR d
an
an
ak p
eru
sah
aan
nya
, A
NJF
, te
lah
dia
ku
isis
i o
leh
PT M
itra
Pin
ast
hik
a M
ust
ika,
peru
sah
aan
yan
g d
iko
ntr
ol d
an
dik
elo
la o
leh
Gru
p S
ara
tog
a d
an
PT R
asi
Un
gg
ul B
est
ari
.
Kam
i in
gin
men
gu
ng
kap
kan
rasa
teri
ma k
asi
h
kep
ad
a m
an
aje
men
dan
sta
f A
NJR
dan
AN
JF
yan
g t
ela
h m
em
ban
gu
n s
ala
h s
atu
peru
sahaan
jasa
keu
an
gan
un
gg
ula
n d
i In
do
nesi
a.
Kam
i in
gin
men
yam
paik
an
pen
gh
arg
aan
kep
ad
a B
ap
ak K
oji
Sh
ima a
tas
kep
em
imp
inan
dan
ded
ikasi
nya
dala
m m
em
ban
gu
n b
ud
aya
peru
sah
aan
, m
en
gem
ban
gkan
peru
sah
aan
yan
g m
en
gu
ntu
ng
kan
dan
mem
pert
ah
an
kan
ku
alit
as
ase
tnya
.
20
11
DIV
ES
TM
EN
T
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
RE
NT
(A
NJR
)
AN
JR a
nd
its
su
bsi
dia
ry A
NJF
were
acq
uir
ed
by
PT
Mit
ra P
inast
hik
a
Mu
stik
a,
a c
om
pan
y c
on
tro
lled
an
d
man
aged
by
th
e S
ara
tog
a G
rou
p a
nd
PT
Rasi
Un
gg
ul
Best
ari
. W
e w
ou
ld
lik
e t
o e
xp
ress
ou
r g
rati
tud
e t
o t
he
man
agem
en
t an
d s
taff
of
AN
JR a
nd
AN
JF f
or
join
tly
bu
ild
ing
on
e o
f th
e
lead
ing
fin
an
cia
l se
rvic
es
com
pan
ies
in
Ind
on
esi
a. W
e w
ou
ld l
ike t
o p
art
icu
larl
y
ack
no
wle
dge M
r. K
oji
Sh
ima f
or
his
ded
icate
d l
ead
ers
hip
in
bu
ild
ing
th
e
cult
ure
, g
row
ing
th
e c
om
pan
y p
rofi
tab
ly
an
d m
ain
tain
ing
its
ass
et
qu
ali
ty.
PT
AS
UR
AN
SI
IND
RA
PU
RA
(A
I)
AI, p
eru
sah
aan
asu
ran
si u
mu
m m
ilik A
NJ,
tela
h d
iaku
isis
i o
leh
Go
lden
Eig
ht
Gro
up
Lim
ited
, su
atu
peru
sah
aan
yan
g d
imili
ki o
leh
Zu
elli
g G
rou
p.
Kam
i in
gin
men
gu
ng
kap
kan
rasa
teri
ma k
asi
h k
ep
ad
a s
eg
en
ap
man
aje
men
dan
sta
f ya
ng
tela
h m
en
du
ku
ng
AI d
ala
m
masa
-masa
su
lit s
ert
a b
ert
ah
an
mele
wati
masa
ko
nso
lidasi
dan
pem
ban
gu
nan
kem
bali
peru
sah
aan
. Seca
ra k
hu
sus
kam
i in
gin
men
yam
paik
an
pen
gh
arg
aan
kep
ad
a B
ap
ak
Vela
yud
han
Hari
kes
yan
g t
ela
h m
em
beri
kan
masu
kan
dan
nasi
hat
yan
g s
an
gat
bera
rti
kep
ad
a m
an
aje
men
peru
sah
aan
, se
hin
gg
a
dap
at
men
cap
ai la
ba t
ert
ing
gi d
an
men
-
dap
atk
an
pen
gaku
an
dari
maja
lah
In
fob
an
k
seb
ag
ai sa
lah
satu
dari
sep
ulu
h p
eru
sah
aan
asu
ran
si u
mu
m t
erb
aik
di In
do
nesi
a.
OP
ER
AS
ION
AL 2
011
PT
AN
J H
EA
LTH
CA
RE
(A
NJH
C)
AN
JHC
men
gh
asi
lkan
pen
ing
kata
n
pen
dap
ata
n s
eb
esa
r 27%
, p
en
ing
kata
n
ku
nju
ng
an
pasi
en
seb
esa
r 18
% d
an
pen
ing
kata
n ju
mla
h o
pera
si s
eb
esa
r 15
%
dari
tah
un
lalu
. B
eb
an
op
era
sio
nal d
ap
at
dik
elo
la s
esu
ai d
en
gan
an
gg
ara
n.
Seb
ag
ai
hasi
lnya
, La
ba S
eb
elu
m B
un
ga d
an
Paja
k
mela
mp
au
i an
gg
ara
n s
eb
esa
r 47%
.
PT
AS
UR
AN
SI
IND
RA
PU
RA
(A
I)
AI,
AN
J’s
gen
era
l in
sura
nce
co
mp
an
y,
was
acq
uir
ed
by
Go
lden
Eig
ht
Gro
up
Lim
ited
, a c
om
pan
y c
on
tro
lled
by
the Z
uell
ig G
rou
p.
We w
ou
ld l
ike t
o
than
k a
ll t
he m
an
agem
ent
an
d s
taff
wh
o s
tay
ed
wit
h t
he c
om
pan
y t
hro
ug
h
dif
ficu
lt p
eri
od
s a
nd
pers
ev
ere
d
thro
ug
h t
he p
eri
od
of
con
soli
dati
on
an
d r
eb
uil
din
g. W
e s
peci
fica
lly
wis
h t
o
ack
no
wle
dge M
r. V
ela
yu
dh
an
Hari
kes,
wh
o p
rov
ided
qu
ali
ty a
dv
ice f
or
man
agem
ent
of
the c
om
pan
y t
o a
chie
ve
reco
rd e
arn
ing
s an
d b
e r
eco
gn
ized
by
Info
ba
nk
mag
azin
e a
s o
ne o
f th
e t
op
ten
insu
ran
ce c
om
pan
ies
in I
nd
on
esi
a.
20
11
OP
ER
AT
ION
S
PT
AN
J H
EA
LT
HC
AR
E (
AN
JHC
)
AN
JHC
gen
era
ted
a 2
7%
in
crease
in
rev
en
ue,
an
18
% i
ncr
ease
in
pati
en
t
vis
its
an
d a
15
% i
ncr
ease
in
su
rgic
al
pro
ced
ure
s fr
om
th
e p
rev
iou
s y
ear.
Op
erati
ng
ex
pen
ses
wer
e w
ith
in b
ud
get
.
As
a r
esu
lt, E
arn
ings
Bef
ore
In
tere
st a
nd
Ta
xes
(EB
IT)
ex
ceed
ed
bu
dget
by
47
%.
In 2
011,
Th
e T
ah
ija f
am
ily
mad
e t
he d
eci
sio
n t
o
rest
ruct
ure
its
in
vest
men
ts a
nd
co
nce
ntr
ate
in
tw
o
sect
ors
: fi
rstl
y,
foo
d a
nd
re
new
ab
le e
ne
rgy,
an
d
seco
nd
ly,
he
alt
hca
re.
20
11
An
nu
al
Rep
ort
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
p.1
6p
.15
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
AG
RI
(AN
JAG
RI)
Hig
her
cru
de o
il p
rice
s, c
ou
ple
d w
ith
dem
an
d f
or
alt
ern
ati
ve
fuels
su
ch a
s b
io-d
iese
l a
nd
a g
lob
al
sho
rtage o
f so
ya o
il,
dro
ve p
alm
oil
pri
ces
hig
her
thro
ug
ho
ut
mo
st o
f 2
011
.
To
co
nti
nu
e t
o g
row
in
a s
ust
ain
ab
le m
an
ner,
AN
JAg
ri
is a
do
pti
ng
best
pra
ctic
es
in a
ll o
pera
tio
na
l a
reas
an
d
sim
ult
an
eo
usl
y i
nv
est
ing
in
hu
man
an
d c
ap
ital
reso
urc
es.
Harg
a m
inya
k m
enta
h y
ang
menin
gkat
dis
ert
ai d
engan
perm
inta
an
bagi b
ahan
bakar
altern
ati
f se
pert
i b
io-d
iese
l d
an
keku
ran
gan
paso
kan
min
yak k
ed
ela
i
seca
ra g
lob
al, m
en
do
ron
g k
en
aik
an
harg
a m
inya
k s
aw
it s
ep
an
jan
g 2
011
.
Agar
dap
at
teru
s b
erk
em
bang
seca
ra b
erk
esi
nam
bungan,
AN
JAgri
men
era
pkan
pra
ktik-
pra
ktik t
erb
aik
dala
m s
etiap
bid
ang
op
era
sio
naln
ya d
an
pada s
aat
yang
sam
a m
ela
ku
kan
inve
stasi
dala
m b
idan
g s
um
ber
daya
man
usi
a d
an
mo
dal.
In t
he p
alm
oil
in
du
stry
AN
JAg
ri i
s le
ad
ing
th
e
pro
cess
of
gen
era
tin
g r
en
ewab
le e
nerg
y f
rom
ag
ricu
ltu
ral
wast
e.
20
11
An
nu
al
Rep
ort
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
p.1
8p
.17
Ikh
tisa
r K
eu
an
ga
n
AN
JAg
ri m
en
gala
mi p
en
ing
kata
n lab
a s
eca
ra
sig
nif
ikan
pad
a 2
011
den
gan
harg
a ju
al
rata
-rata
tert
imb
an
g d
i p
en
gila
ng
an
seb
esa
r
AS$
86
8 p
er
ton
dib
an
din
gkan
AS$
787
per
ton
pad
a 2
010
.
Seb
ag
ai akib
atn
ya,
Lab
a S
eb
elu
m B
un
ga,
Paja
k,
Pen
yusu
tan
dan
Am
ort
isasi
(EB
ITD
A)
men
ing
kat
dari
AS$
60
,6 ju
ta m
en
jad
i
AS$
74
,6 ju
ta d
an
Lab
a S
ete
lah
Paja
k
men
ing
kat
dari
AS$
38
,4 ju
ta p
ad
a t
ah
un
seb
elu
mn
ya m
en
jad
i A
S$
46
,3 ju
ta.
Pen
ing
kata
n b
iaya
op
era
sio
nal m
en
yeb
ab
kan
pen
uru
nan
marj
in E
BIT
DA
dari
53
% m
en
jad
i
48
,3%
. Tin
gkat
Pen
gem
balia
n E
ku
itas
men
ing
kat
seca
ra s
ign
ifik
an
dari
23
,5%
men
jad
i 3
0,3
%.
FIN
AN
CIA
L H
IGH
LIG
HT
S
AN
JAg
ri e
njo
yed
str
on
g e
arn
ings
gro
wth
in 2
011
wit
h a
n e
x-m
ill
wei
gh
ted
av
erage
sale
s p
rice
of
US
$ 8
68
per
to
n c
om
pare
d
to U
S$
78
7 p
er t
on
fo
r 2
010
.
As
a r
esu
lt, E
arn
ings
Bef
ore
In
tere
st,
Ta
x, D
ep
reci
ati
on
an
d A
mo
rtiz
ati
on
(EB
ITD
A)
incr
ease
d f
rom
US
$ 6
0.6
mil
lio
n t
o U
S$
74
.6 m
illi
on
an
d P
rofi
t
Aft
er T
ax
(PA
T)
incr
ease
d f
rom
US
$ 3
8.4
mil
lio
n t
o U
S$
46
.3 m
illi
on
. In
crease
d
op
era
tin
g c
ost
s co
ntr
ibu
ted
to
th
e
decr
ease
in
EB
ITD
A m
arg
in f
rom
53
%
to 4
8.3
%.
Retu
rn O
n E
qu
ity
(R
OE
) ro
se
sig
nifi
can
tly
fro
m 2
3.5
% t
o 3
0.3
%
year-
on
-year.
LA
ND
BA
NK
AN
D M
ILL
S
Wit
h a
54
,68
0 h
a l
an
d b
an
k,
of
wh
ich
30
,29
0 h
a a
re m
atu
re,
AN
JAg
ri i
n 2
011
incr
ease
d i
ts p
lan
ted
are
a t
o 3
6,7
52
ha
fro
m 3
2,7
87
ha.
In t
he s
am
e p
eri
od
,
AN
JAg
ri K
eta
pa
ng
pla
nte
d 4
,76
6 h
a
in c
om
pa
riso
n t
o 7
44
ha i
n 2
01
0.
An
ad
dit
ion
al
4,5
00
ha w
ill
be p
lan
ted
in 2
01
2.
Th
rou
gh
acq
uis
itio
ns
of
pla
nte
d l
an
d
an
d g
reen
field
lo
cati
on
s, A
NJA
gri
is
in
the p
roce
ss o
f in
creasi
ng
its
lan
d b
an
k
to 1
00
,00
0 h
a.
Pe
rse
dia
an
La
ha
n d
an
Pe
ng
ila
ng
an
Den
gan
pers
ed
iaan
lah
an
selu
as
54
.68
0 h
a,
di m
an
a 3
0.2
90
ha d
i an
tara
nya
meru
pakan
lah
an
mata
ng
, p
ad
a t
ah
un
2011
AN
JAg
ri
men
ing
katk
an
lu
as
lah
an
yan
g d
itan
am
i
menja
di 3
6.7
52
ha d
ari
32.7
87
ha.
Pad
a p
eri
od
e
yan
g s
am
a,
AN
JAg
ri K
eta
pan
g m
en
an
am
i
lah
an
selu
as
4.7
66
ha d
iban
din
gkan
den
gan
74
4 h
a p
ad
a 2
010
. Ta
mb
ah
an
are
a s
elu
as
4.5
00
ha a
kan
dit
an
am
i p
ad
a 2
012.
Mela
lui aku
isis
i la
han
perk
eb
un
an
yan
g t
ela
h
dit
an
am
i m
au
pu
n y
an
g b
elu
m d
itan
am
i,
AN
JAg
ri s
ed
an
g d
ala
m p
rose
s m
en
ing
katk
an
kon
sesi
lah
an
perk
eb
un
an
men
uju
10
0.0
00
ha.
PL
AN
TE
D A
RE
AE
BIT
DA
PA
T
US
$ M
illi
on
US
$ M
illi
on
32
,78
7 h
a
20
102
011
53
.3
33
.3
60
.6
38
.4
74
.6
20
10
20
10
20
09
20
09
20
11
20
11
46
.3
36
,75
2 h
a
20
11
An
nu
al
Rep
ort
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
p.2
0p
.19
AN
JAg
ri m
en
go
pera
sikan
tig
a p
en
gila
ng
an
den
gan
to
tal kap
asi
tas
18
0 t
on
Tan
dan
Bu
ah
Seg
ar
(TB
S)
per
jam
. Ta
mb
ah
an
pen
gila
ng
an
keem
pat
berk
ap
asi
tas
60
to
n T
BS p
er
jam
akan
mu
lai d
iban
gu
n p
ad
a 2
013
.
Pro
ye
k S
ag
u
Di K
ab
up
ate
n S
oro
ng
Sela
tan
, Pro
pin
si
Pap
ua B
ara
t, A
NJA
gri
Pap
ua m
em
ula
i
pem
ban
gu
nan
pab
rik s
ag
u m
od
ern
pert
am
a
mili
k p
eru
sah
aan
. Seca
ra b
ers
am
aan
, p
em
-
ban
gu
nan
in
frast
ruktu
r kan
al te
lah
dim
ula
i
un
tuk m
em
ud
ah
kan
pen
gu
nd
uh
an
dan
pen
gan
gku
tan
gelo
nd
on
g b
ata
ng
sag
u.
Th
e r
ev
ised
ta
len
t m
an
agem
en
t p
rog
ram
in
clu
des
imp
lem
en
tin
g n
ew r
ecr
uit
men
t cr
iteri
a,
up
gra
din
g
the i
n-h
ou
se t
rain
ing
mo
du
les,
fo
cusi
ng
on
id
enti
fyin
g
lead
ers,
men
tori
ng...
AN
JAg
ri o
pera
tes
thre
e m
ills
wit
h a
tota
l 18
0 t
on
per
ho
ur
(TP
H)
cap
aci
ty.
Co
nst
ruct
ion
of
a f
ou
rth
60
TP
H m
ill
is s
ched
ule
d f
or
20
13
.
SA
GO
PR
OJE
CT
In S
ou
th S
oro
ng
Regen
cy,
West
Pap
ua,
AN
JAg
ri P
ap
ua c
om
men
ced
co
nst
ruc-
tio
n o
f it
s fi
rst
mo
dern
sago
fact
ory
.
Co
ncu
rren
tly,
con
stru
ctio
n o
f ca
na
l
infr
ast
ruct
ure
began
to
su
pp
ort
ex
tract
-
ing
an
d t
ran
spo
rtin
g o
f sa
go
lo
gs.
AN
JAg
ri P
ap
ua i
s k
een
ly a
ware
th
at
the s
ucc
ess
of
this
pio
neeri
ng
pro
ject
dep
en
ds
on
ali
gn
ing
all
sta
keh
old
ers
’
inte
rest
s an
d d
ev
elo
pin
g m
utu
al
tru
st
wit
h t
he s
urr
ou
nd
ing
co
mm
un
itie
s.
RE
NE
WA
BL
E E
NE
RG
Y
In t
he p
alm
oil
in
du
stry
AN
JAg
ri
is l
ead
ing
th
e p
roce
ss o
f gen
era
tin
g
ren
ew
ab
le e
nerg
y f
rom
ag
ricu
ltu
ral
wast
e.
Th
e c
om
ple
tio
n o
f A
AN
E’s
(Au
stin
do
Au
fwin
d N
ew
En
erg
y)
bio
-
gas
pla
nt
in M
arc
h 2
01
2 w
ill
rea
lize
AN
JAg
ri’s
pla
n t
o g
en
era
te r
en
ew
ab
le
en
erg
y f
rom
pa
lm o
il m
ill
effl
uen
t.
AA
NE
ex
pect
s to
gen
erate
an
est
imate
d
40
,00
0 u
nit
s o
f C
ER
(C
erti
fied
Em
issi
on
s
Red
uct
ion
) fr
om
th
e b
io-g
as
pla
nt.
By
mid
-20
12
a 1
.5 M
W e
lect
rici
ty
gen
era
tin
g u
nit
wil
l st
art
co
nsu
min
g
en
erg
y f
rom
th
e p
lan
t.
HU
MA
N C
AP
ITA
L
To
est
ab
lish
a p
rog
ram
fo
r d
ev
elo
pin
g a
po
ol
of
pro
fess
ion
al
man
ageri
al
tale
nt,
AN
JAg
ri h
ired
a H
um
an
Cap
ita
l A
dv
iso
r.
Th
e r
ev
ised
ta
len
t m
an
agem
en
t p
rog
ram
incl
ud
es
imp
lem
en
tin
g n
ew
recr
uit
men
t
crit
eri
a,
up
gra
din
g t
he i
n-h
ou
se t
rain
ing
mo
du
les,
fo
cu
sin
g o
n i
den
tify
ing
lead
ers
,
AN
JAg
ri P
ap
ua m
en
yad
ari
betu
l b
ah
wa
keb
erh
asi
lan
pro
yek p
eri
nti
s in
i te
rgan
tun
g
pad
a k
em
am
pu
an
peru
sah
aan
men
yela
rask
an
keb
utu
han
para
pem
an
gku
kep
en
tin
gan
dan
mem
ban
gu
n r
asa
salin
g p
erc
aya
den
gan
masy
ara
kat
sekit
ar.
En
erg
i Te
rba
ruk
an
Dala
m in
du
stri
min
yak s
aw
it A
NJA
gri
me-
melo
po
ri u
paya
men
gh
asi
lkan
en
erg
i te
r-
baru
kan
den
gan
men
daya
gu
nakan
lim
bah
ag
riku
ltu
r. R
en
can
a A
NJA
gri
un
tuk m
en
gh
asi
l-
kan
en
erg
i te
rbaru
kan
dari
lim
bah
pen
gila
ng
an
min
yak s
aw
it a
kan
terc
ap
ai d
en
gan
sele
sain
ya
pro
yek b
io-g
as
AA
NE (
Au
stin
do
Au
fwin
d N
ew
En
erg
y) d
i B
elit
un
g p
ad
a M
are
t 2
012.
AA
NE b
erh
ara
p d
ap
at
men
gh
asi
lkan
sekit
ar
40
.00
0 u
nit
CER
(Sert
ifikasi
Pen
uru
nan
Em
isi
Karb
on
) d
ari
pab
rik b
io-g
as.
Pad
a p
ert
en
gah
an
2012,
pem
ban
gkit
lis
trik
berk
ap
asi
tas
1,5
MW
akan
mu
lai m
en
gg
un
akan
en
erg
i ya
ng
dih
asi
lkan
ole
h p
ab
rik b
io-g
as
ters
eb
ut.
Su
mb
er
Da
ya
Ma
nu
sia
AN
JAg
ri m
em
peke
rjakan
seo
ran
g P
en
asi
hat
Su
mb
er
Daya
Man
usi
a d
ala
m r
an
gka
mera
nca
ng
pro
gra
m t
ale
nt
man
ag
em
en
t
yan
g d
ap
at
men
gem
ban
gkan
man
aje
men
pro
fesi
on
al ya
ng
berk
ualit
as
tin
gg
i. P
rog
ram
tale
nt
man
ag
em
en
t in
i m
elip
uti
pen
era
pan
kri
teri
a r
ekru
tmen
baru
, p
erb
aik
an
mo
du
l
pela
tih
an
peru
sah
aan
, p
en
gid
en
tifi
kasi
an
20
11
An
nu
al
Rep
ort
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
p.2
2p
.21
TK
Ha
rap
an
Ba
ng
sa,
locate
d i
n t
he B
ina
ng
a E
state
, is
a k
ind
erg
art
en
ma
nag
ed
by
AN
JAg
ri.
As
pa
rt o
f it
s C
SR
com
mit
men
t A
NJA
gri
ma
nag
es
an
d s
up
po
rts
va
rio
us
sch
oo
ls a
rou
nd
its
est
ate
s.
men
tori
ng
, p
lan
nin
g f
or
sen
ior
lead
ers
hip
su
ccess
ion
an
d r
ev
isin
g t
he
com
pen
sati
on
an
d b
en
efi
ts s
chem
e.
PU
BL
IC A
FF
AIR
S A
ND
CO
RP
OR
AT
E
SO
CIA
L R
ES
PO
NS
IBIL
ITY
(C
SR
)
AN
JAg
ri’s
co
mm
itm
en
t to
bein
g a
go
od
co
rpo
rate
cit
izen
req
uir
es
a
heig
hte
ned
lev
el
of
reso
urc
es
to f
ocu
s
on
Pu
bli
c A
ffair
s an
d C
SR
. In
20
11
the c
om
pan
y h
ired
sen
ior
pers
on
nel
for
Pu
bli
c A
ffair
s an
d C
SR
at
all
of
its
pla
nta
tio
ns,
dev
elo
ped
co
op
era
tio
n
wit
h s
urr
ou
nd
ing
farm
ers
to
in
crease
the q
ua
lity
an
d v
olu
me o
f o
uts
ide
-cro
p
pu
rch
ase
s an
d a
ssis
ted
in
dev
elo
pin
g
an
d i
mp
rov
ing
vil
lage e
du
cati
on
.
calo
n-c
alo
n p
em
imp
in,
pro
gra
m m
ento
rin
g,
pere
nca
naan
pen
gg
an
tian
kep
em
imp
inan
pad
a m
an
aje
men
tin
gkat
ata
s se
rta
pen
gkajia
n u
lan
g s
kem
a r
em
un
era
si d
an
man
faat
bag
i kary
aw
an
.
Pu
bli
c A
ffa
irs
da
n T
an
gg
un
g J
aw
ab
So
sia
l P
eru
sah
aa
n
Ko
mit
men
AN
JAg
ri s
eb
ag
ai co
rpo
rate
cit
izen
yan
g b
aik
men
un
tut
alo
kasi
su
mb
er
daya
peru
sah
aan
yan
g l
eb
ih m
um
pu
ni
pad
a
bid
an
g P
ub
lic A
ffair
s d
an
tan
gg
un
g jaw
ab
sosi
al p
eru
sah
aan
. Pad
a 2
011
peru
sah
aan
tela
h m
em
pekerj
akan
kary
aw
an
-kary
aw
an
sen
ior
un
tuk m
en
gelo
la k
ed
ua b
idan
g
ters
eb
ut
di se
tiap
perk
eb
un
an
. Sela
in itu
,
SU
ST
AIN
AB
ILIT
Y
“AN
J V
alu
es”
gu
ide a
ll A
NJA
gri
act
ivit
ies
thro
ug
ho
ut
the o
rgan
izati
on
.
In F
eb
ruary
20
11
AN
JAg
ri B
eli
tun
g
ob
tain
ed
its
Ro
un
dta
ble
Fo
r S
ust
ain
ab
le
Pa
lm O
il (
RS
PO
) C
ert
ifica
te.
It w
as
the
14
th p
lan
tati
on
co
mp
an
y i
n I
nd
on
esi
a
an
d 2
5th
in
th
e w
orl
d t
o b
e a
ward
ed
th
is
cert
ifica
tio
n.
(ww
w.a
nja
gri
.co
m)
peru
sah
aan
ju
ga m
en
gem
ban
gkan
kerj
a
sam
a d
en
gan
kelo
mp
ok p
eta
ni d
i se
kit
ar
perk
eb
un
an
yan
g b
ert
uju
an
men
ing
katk
an
ku
alit
as
dan
vo
lum
e p
em
belia
n s
aw
it
dari
lu
ar
perk
eb
un
an
AN
JAg
ri.
AN
JAg
ri
jug
a m
em
ban
tu m
en
gem
ban
gkan
dan
men
ing
katk
an
mu
tu p
en
did
ikan
di d
esa
.
Ke
gia
tan
ya
ng
Be
rke
sin
am
bu
ng
an
“N
ilai-
Nila
i H
akik
i A
NJ”
men
jad
i p
an
du
an
bag
i se
gala
tin
dakan
AN
JAg
ri d
ala
m s
elu
ruh
org
an
isasi
. Pad
a F
eb
ruari
2011
AN
JAg
ri
Belit
un
g m
en
dap
atk
an
sert
ifikasi
RSPO
dan
men
jad
i p
eru
sah
aan
perk
eb
un
an
ke-1
4 d
i
Ind
on
esi
a d
an
ke-2
5 d
i d
un
ia y
an
g t
ela
h
dia
nu
gera
hi se
rtif
ikasi
ters
eb
ut.
(ww
w.a
nja
gri
.co
m)
20
11
An
nu
al
Rep
ort
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
p.2
4p
.23
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
HE
AL
TH
CA
RE
(A
NJH
C)
AN
JHC
tela
h m
en
yele
saik
an
tah
ap
pert
am
a
ren
can
a p
erl
uasa
nn
ya d
en
gan
pem
bu
kaan
Klin
ik M
ata
Nu
santa
ra (
KM
N)
Jakart
a S
ela
tan
pad
a A
gu
stu
s 2
011
. Seb
ag
ai kan
tor
pu
sat
AN
JHC
yan
g b
aru
, K
MN
Jakart
a S
ela
tan
tid
ak
han
ya b
erf
un
gsi
seb
ag
ai klin
ik m
ata
, te
tap
i
jug
a m
eru
pakan
pu
sat
pela
tih
an
bag
i p
ara
do
kte
r, p
era
wat
dan
sta
f.
Pem
bu
kaan
KM
N J
akart
a S
ela
tan
men
am
bah
jum
lah
klin
ik d
ala
m jari
ng
an
KM
N m
en
jad
i
en
am
. Em
pat
klin
ik m
em
iliki lo
kasi
str
ate
gis
di se
kit
ar
Jakart
a:
Kem
ayo
ran
(Ja
kart
a P
usa
t),
Keb
on
Jeru
k (
Jakart
a B
ara
t),
Caw
an
g (
Jakart
a
Tim
ur)
dan
Leb
ak B
ulu
s (J
akart
a S
ela
tan
).
Du
a k
linik
lain
nya
bera
da d
i M
an
ad
o (
Su
law
esi
Uta
ra)
dan
Sem
ara
ng
(Ja
wa T
en
gah
).
Pe
rfo
rma
Op
era
sio
na
l
AN
JHC
teru
s m
en
ing
katk
an
perf
orm
a
op
era
sio
nal p
eru
sah
aan
pad
a 2
011
.
Pen
dap
ata
n m
en
ing
kat
seb
esa
r 27%
,
did
oro
ng
ole
h p
en
ing
kata
n ju
mla
h o
pera
si
seb
esa
r 15
% d
an
ju
mla
h k
un
jun
gan
pasi
en
seb
esa
r 18
%.
Bia
ya o
pera
sio
nal d
ikelo
la
dala
m b
ata
san
an
gg
ara
n.
Seb
ag
ai akib
atn
ya,
Lab
a S
eb
elu
m B
un
ga d
an
Paja
k leb
ih b
aik
47%
dari
an
gg
ara
n.
AN
JHC
co
mp
lete
d t
he fi
rst
ph
ase
of
its
ex
pan
sio
n p
lan
by
op
en
ing
Kli
nik
Mata
Nu
san
tara
(K
MN
) S
ou
th J
ak
art
a
in A
ug
ust
20
11
. A
s th
e n
ew
AN
JHC
Head
Off
ice,
KM
N S
ou
th J
ak
art
a
fun
ctio
ns
no
t o
nly
as
an
ey
e c
lin
ic b
ut
als
o i
nco
rpo
rate
s a T
rain
ing
Cen
ter
for
do
cto
rs,
nu
rses
an
d s
taff
.
Th
e o
pen
ing
of
KM
N S
ou
th J
ak
art
a
bri
ng
s th
e t
ota
l n
um
ber
of
ey
e c
lin
ics
in t
he K
MN
netw
ork
to
six
. F
ou
r o
f
these
cli
nic
s are
str
ate
gic
all
y l
oca
ted
aro
un
d J
ak
art
a:
Kem
ay
ora
n (
Cen
tra
l
Jak
art
a),
Keb
on
Jeru
k (
West
Ja
kart
a),
Caw
an
g (
East
Ja
kart
a) a
nd
Leb
ak
Bu
lus
(So
uth
Ja
kart
a).
Th
e o
ther
two
cli
nic
s
are
lo
cate
d i
n M
an
ad
o (
No
rth
Su
law
esi
)
an
d S
em
ara
ng
(C
en
tra
l Ja
va)
.
OP
ER
AT
ION
AL
PE
RF
OR
MA
NC
E
AN
JHC
co
nti
nu
ed
to
im
pro
ve i
ts
op
era
tio
na
l p
erf
orm
an
ce i
n 2
011
.
A 1
5%
in
crease
in
su
rgic
al
pro
ced
ure
s
an
d a
n 1
8%
in
crease
in
pati
en
t v
isit
s
dro
ve t
he 2
7%
in
cre
ase
in
rev
en
ue.
Op
era
tin
g e
xp
en
ses
rem
ain
ed
wit
hin
bu
dg
et.
As
a r
esu
lt E
arn
ing
s B
efo
re
Inte
rest
an
d T
ax
es
(EB
IT)
ex
ceed
ed
bu
dg
et
by
47
%.
AN
JHC
co
mp
lete
d t
he fi
rst
ph
ase
of
its
ex
pan
sio
n p
lan
by
op
en
ing
KM
N S
ou
th J
ak
art
a i
n A
ug
ust
20
11.
20
11
An
nu
al
Rep
ort
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
p.2
6p
.25
Pe
lay
an
an
Pe
lan
gg
an
Seb
ag
ai b
ag
ian
dari
ko
mit
men
nya
terh
ad
ap
ku
alit
as
pela
yan
an
pasi
en
, A
NJH
C t
ela
h
men
dir
ikan
sis
tem
call
cente
r b
aru
di K
MN
Jakart
a S
ela
tan
. Tu
juan
pen
dir
ian
call
cen
ter
ini ad
ala
h u
ntu
k m
em
usa
tkan
pela
yan
an
call
cen
ter
bag
i se
mu
a k
linik
dala
m jari
ng
an
KM
N d
i K
MN
Jakart
a S
ela
tan
. Saat
ini ca
ll
cen
ter
ters
eb
ut
sud
ah
mela
yan
i se
mu
a
pasi
en
KM
N d
i Ja
kart
a d
an
, d
ala
m w
aktu
dekat,
akan
ju
ga m
ela
yan
i p
asi
en
-pasi
en
KM
N S
em
ara
ng
dan
KM
N M
an
ad
o.
CU
ST
OM
ER
SE
RV
ICE
As
part
of
its
com
mit
men
t to
ward
s
cu
sto
mer
serv
ice q
ua
lity
, A
NJH
C h
as
set
up
a n
ew
ca
ll c
en
ter
syst
em
lo
cate
d
at
KM
N S
ou
th J
ak
art
a.
Th
e a
im o
f th
is
mo
ve i
s to
cen
tra
lize c
all
cen
ter
serv
ices
for
all
cli
nic
s in
th
e K
MN
netw
ork
at
KM
N S
ou
th J
ak
art
a.
Th
is n
ew
call
cen
ter
cu
rren
tly
serv
es
all
KM
N
pati
en
ts w
ith
in J
ak
art
a a
nd
, in
th
e n
ear
futu
re,
wil
l se
rve K
MN
Sem
ara
ng
an
d
KM
N M
an
ad
o p
ati
en
ts a
s w
ell
.
INF
OR
MA
TIO
N T
EC
HN
OL
OG
Y (
IT)
AN
JHC
co
nti
nu
ed
to
im
ple
men
t
imp
rov
e m
en
ts o
n t
he I
T f
ron
t
to e
nh
an
ce i
ts c
ust
om
er
serv
ice
qu
ali
ty.
In A
ug
ust
20
11
th
e c
om
pan
y
imp
lem
ente
d a
new
IT
Sy
stem
kn
ow
n
as
Fro
nt
En
d A
pp
licati
on
(F
EA
)
Sy
stem
. T
he F
EA
Pro
ject
in
teg
rate
d
all
fro
nt
en
d a
pp
lica
tio
n s
oft
ware
s
use
d b
y t
he c
lin
ics
to a
chie
ve o
ne
stan
dard
ized
IT
pla
tfo
rm t
hro
ug
ho
ut
the K
MN
netw
ork
.
Te
kn
olo
gi
Info
rma
tik
a (
TI)
AN
JHC
teru
s m
ela
ku
kan
up
aya
-up
aya
per-
baik
an
dala
m b
idan
g T
I u
ntu
k m
en
ing
katk
an
ku
alit
as
pela
yan
an
pasi
en
. Pad
a A
gu
stu
s 2
011
,
peru
sah
aan
men
era
pkan
sis
tem
TI b
aru
yan
g
dik
en
al se
bag
ai Fr
on
t En
d A
pp
licati
on
Sys
tem
(FEA
). P
roye
k F
EA
men
gin
teg
rasi
kan
berb
ag
ai
maca
m f
ront
en
d a
pp
licat
ion
soft
ware
yan
g
berb
ed
a d
ari
satu
klin
ik K
MN
ke k
linik
KM
N
lain
nya
untu
k m
en
cap
ai sa
tu p
latf
orm
TI ya
ng
stan
dar
bag
i se
luru
h jari
ng
an
KM
N.
Sete
lah
su
kse
s m
en
yele
saik
an
Pro
yek F
EA
,
AN
JHC
kin
i d
ala
m p
rose
s p
en
gem
ban
gan
Hu
man
Reso
urc
es
Man
ag
e m
en
t Sys
tem
(HR
MS),
yait
u a
plik
asi
TI ya
ng
dig
un
akan
un
tuk m
en
gelo
la in
form
asi
yan
g b
er-
hu
bu
ng
an
den
gan
masa
lah
Su
mb
er
Daya
Manu
sia (
SD
M).
Ap
likasi
in
i akan
mem
ban
tu
Div
isi H
R u
ntu
k m
ela
yan
i keb
utu
han
sta
f
den
gan
leb
ih b
aik
den
gan
cara
men
gu
ran
gi
beb
an
kerj
a y
an
g b
ers
ifat
man
ual d
an
mem
akan
waktu
. Pro
yek t
ers
eb
ut
akan
dis
ele
saik
an
pad
a A
pri
l 2
012.
Tan
tan
gan
beri
ku
tnya
bag
i D
ivis
i TI ad
ala
h p
en
era
pan
sist
em
Rekam
Med
ik E
lektr
on
ik.
Hav
ing
su
ccess
full
y c
om
ple
ted
th
e
FE
A P
roje
ct,
AN
JHC
is
no
w d
ev
elo
pin
g
the H
um
an
Reso
urc
es
Man
agem
en
t
Sy
stem
(H
RM
S),
an
IT
ap
pli
cati
on
use
d
to m
an
age s
taff
in
form
ati
on
rela
tin
g
to H
um
an
Reso
urc
es
(HR
) m
att
ers
.
Th
is a
pp
lica
tio
n w
ill
ass
ist
the H
R
Div
isio
n t
o b
ett
er
serv
e t
he n
eed
s o
f
KM
N s
taff
by
red
uci
ng
th
e m
an
ua
l an
d
tim
e-c
on
sum
ing
natu
re o
f th
eir
wo
rk.
Th
is w
ill
be c
om
ple
ted
in
Ap
ril
20
12
.
Th
e n
ex
t IT
ch
all
en
ge w
ill
be t
he i
m-
ple
men
tati
on
of
Ele
ctro
nic
Med
ica
l
Reco
rds
(EM
R).
BA
LI
OP
TH
AL
MO
LO
GY
RE
TR
EA
T
AN
JHC
su
ccess
full
y h
eld
th
e 4
th B
ali
Op
hth
alm
olo
gy
Retr
eat
(BIO
R)
in M
ay
20
11
. T
his
ev
en
t w
as
att
en
ded
by
ov
er
two
hu
nd
red
op
hth
alm
olo
gis
ts f
rom
Ind
on
esi
a a
nd
ov
ers
eas.
New
in
tera
ctiv
e f
eatu
res
such
as
vo
tin
g
pad
s an
d q
uiz
zes
rela
ted
to
dis
cu
ssio
n
top
ics
were
well
rece
ived
an
d s
ucc
ess
-
full
y i
ncr
ea
sed
in
tera
cti
on
betw
een
dele
gate
s an
d s
pea
ker
s. H
igh
defi
nit
ion
surg
ica
l v
ideo
s w
ere
als
o f
eatu
red
fo
r
the fi
rst
tim
e.
Ba
li O
pth
alm
olo
gy
Re
tre
at
AN
JHC
tela
h s
ukse
s m
enye
len
gg
ara
kan
Bali
Op
hth
alm
olo
gy
Retr
eat
(BIO
R)
yan
g k
eem
pat
pad
a M
ei 2
011
. A
cara
in
i d
i had
iri le
bih
dari
du
a r
atu
s d
okte
r m
ata
yan
g b
era
sal
dari
Ind
on
esi
a m
au
pu
n n
eg
ara
lain
nya
.
Pera
ng
kat
inte
rakti
f se
pert
i vo
tin
g p
ad
sert
a
kuis
yan
g b
erh
ub
un
gan
den
gan
to
pik
dis
kusi
dit
eri
ma d
en
gan
baik
dan
berh
asi
l m
e-
nin
gkatk
an
in
tera
ksi
an
tara
para
pese
rta
den
gan
pem
bic
ara
. Sela
in itu
, u
ntu
k p
ert
am
a
kalin
ya d
itaya
ng
kan
pu
la v
ideo
op
era
si
den
gan
reso
lusi
tin
gg
i.
20
11
An
nu
al
Rep
ort
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
p.2
8p
.27
Foku
s K
MN
yan
g t
ak k
en
al le
lah
sela
ma p
rose
s
pere
nca
naan
dan
pela
ksa
naan
BIO
R t
erc
erm
in
dala
m h
asi
l u
mp
an
balik
yan
g m
en
yata
kan
tin
gkat
kep
uasa
n p
ese
rta y
an
g t
ing
gi.
Fe
llo
wsh
ip P
rog
ram
Lu
ar
Ne
ge
ri
Seb
ag
ai b
ag
ian
dari
ko
mit
men
un
tuk m
e-
nin
gkatk
an
ku
alit
as
laya
nan
med
is,
AN
JHC
men
gu
nd
an
g lim
a o
ran
g d
okte
r m
ata
dari
man
can
eg
ara
un
tuk m
em
beri
kan
pela
tih
an
bed
ah
kata
rak k
ep
ad
a b
eb
era
pa d
okte
r K
MN
dari
Jakart
a d
an
Sem
ara
ng
. A
NJH
C t
eru
s
mem
beri
kan
du
ku
ng
an
nya
un
tuk F
ello
wsh
ip
Pro
gra
m d
i lu
ar
neg
eri
. Satu
do
kte
r K
MN
Jakart
a s
ud
ah
kem
bali
sete
lah
men
yele
saik
an
fello
wsh
ip p
ad
a J
un
i 2
011
, se
dan
gkan
satu
do
kte
r K
MN
Sem
ara
ng
tela
h m
em
ula
i
fello
wsh
ip p
ad
a J
uli
2011
.
iLA
SIK
™
Men
yusu
l su
kse
snya
pro
sed
ur
LA
SIK
tan
pa
pis
au
yan
g d
iken
al d
en
gan
nam
a iLA
SIK
TM
di K
MN
Keb
on
Jeru
k,
AN
JHC
mem
utu
skan
untu
k m
enye
dia
kan
pro
sed
ur
LA
SIK
yan
g s
am
a
di K
MN
Jakart
a S
ela
tan
. Te
kn
olo
gi iL
ASIK
TM
meru
pakan
satu
-satu
nya
op
era
si lase
r ya
ng
dis
etu
jui o
leh
NA
SA
bag
i p
ara
ast
ron
otn
ya
dan
An
gkata
n B
ers
en
jata
Am
eri
ka S
eri
kat
bag
i
pers
on
ilnya
, kare
na a
ku
rasi
dan
keam
an
an
yan
g s
ud
ah
terb
ukti
dari
tekn
olo
gi te
rseb
ut.
KM
N’s
rele
ntl
ess
fo
cu
s o
n q
ua
lity
thro
ug
h o
ut
the p
lan
nin
g a
nd
ex
ecu
tio
n
of
BIO
R w
as
clearl
y r
efl
ect
ed
in
th
e h
igh
sati
sfact
ion
rati
ng
s as
com
mu
nic
ate
d
thro
ug
h t
he p
rog
ram
feed
back
.
OV
ER
SE
AS
FE
LL
OW
SH
IP P
RO
GR
AM
As
part
of
its
com
mit
men
t to
im
pro
ve
the q
ua
lity
of
med
ica
l se
rvic
es,
AN
JHC
inv
ited
fiv
e o
vers
eas
op
hth
alm
olo
gis
ts
to p
rov
ide c
ata
ract
su
rgery
tra
inin
g f
or
sele
cted
KM
N d
oct
ors
in
Ja
kart
a a
nd
Sem
ara
ng.
AN
JHC
als
o c
on
tin
ues
its
sup
po
rt f
or
the o
vers
eas
Fell
ow
ship
Pro
gra
m.
On
e d
oct
or
(KM
N J
ak
art
a)
retu
rned
fro
m c
om
ple
tin
g h
er
fell
ow
-
ship
in
Ju
ne 2
011
, w
hil
e a
no
ther
do
cto
r
(KM
N S
em
ara
ng)
com
men
ced
his
fell
ow
ship
in
Ju
ly 2
011
.
iLA
SIK
™
Fo
llo
win
g t
he s
ucc
ess
ful
lau
nch
of
the b
lad
e-f
ree a
ll l
ase
r L
AS
IK S
urg
ery
kn
ow
n a
s iL
AS
IKT
M a
t K
MN
Keb
on
Jeru
k,
AN
JHC
deci
ded
to
off
er
the s
am
e
LA
SIK
Su
rgery
at
KM
N S
ou
th J
ak
art
a.
iLA
SIK
TM
tech
no
log
y i
s th
e o
nly
lase
r
surg
ery
ap
pro
ved
by
NA
SA
fo
r it
s
ast
ron
au
ts a
nd
by
th
e U
S M
ilit
ary
for
its
pers
on
nel.
Th
is i
s d
ue t
o i
ts
un
pre
ced
en
ted
safe
ty a
nd
pre
cisi
on
lev
els
. W
ith
in I
nd
on
esi
a,
iLA
SIK
TM
is o
nly
off
ere
d b
y K
MN
Keb
on
Jeru
k
an
d K
MN
So
uth
Ja
kart
a.
Hav
ing
su
ccess
full
y c
om
ple
ted
th
e fi
rst
ph
ase
of
its
ex
pa
nsi
on
pla
n,
AN
JHC
man
agem
en
t is
no
w f
ocu
sin
g o
n i
n-
creasi
ng
th
e c
ap
aci
ty u
tili
zati
on
of
its
clin
ics,
id
en
tify
ing
new
bu
sin
ess
mo
dels
to
su
pp
ort
its
net
wo
rk o
f cl
inic
s
an
d e
xp
lori
ng
bu
sin
ess
op
po
rtu
nit
ies
in o
ther
hea
lth
care
are
as.
( ww
w.k
linik
mata
nu
san
tara
.co
m)
Di se
luru
h In
do
nesi
a,
iLA
SIK
TM s
aat
ini h
an
ya
dit
aw
ark
an
di K
MN
Keb
on
Jeru
k d
an
KM
N
Jakart
a S
ela
tan
.
Sete
lah
su
kse
s m
en
yele
saik
an
tah
ap
pert
am
a d
ari
ren
cana p
erl
uasa
n,
manaje
men
AN
JHC
kin
i m
em
usa
tkan
perh
ati
an
nya
pad
a
pen
ing
kata
n p
em
an
faata
n k
ap
asi
tas
klin
ik,
pen
gid
en
tifi
kasi
an
mo
del u
sah
a b
aru
un
tuk
men
du
ku
ng
jari
ng
an
klin
ik-k
linik
yan
g a
da
dan
eksp
lora
si p
elu
an
g u
sah
a d
i b
idan
g
pela
yan
an
kese
hata
n lain
nya
.
(ww
w.k
linik
mata
nu
san
tara
.co
m)
KM
N’s
rele
ntl
ess
fo
cus
on
qu
ali
ty t
hro
ug
h o
ut
the
pla
nn
ing
an
d e
xecu
tio
n o
f B
IOR
was
clearl
y r
efl
ect
ed
in t
he h
igh
sati
sfact
ion
rati
ngs
as
com
mu
nic
ate
d
thro
ug
h t
he p
rog
ram
feed
back
.
20
11
An
nu
al
Rep
ort
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
p.3
0p
.29
PT
AS
UR
AN
SI
IND
RA
PU
RA
(A
I)
AI
con
tin
ued
its
str
on
g p
erf
orm
an
ce
in 2
011
. G
ross
pre
miu
ms
incr
ease
d
31%
yea
r-o
n-y
ea
r a
nd
un
derw
riti
ng
pro
fits
in
crease
d 7
3%
to
Rp
11
.1 b
illi
on
.
Imp
rov
ed
un
derw
riti
ng
sta
nd
ard
s a
nd
cla
ims
ma
na
ngem
en
t co
ntr
ibu
ted
to
the u
nd
erw
riti
ng
pro
fits
. In
vest
men
t
retu
rns
decl
ined
sli
gh
tly
to
Rp
10
bil
lio
n,
resu
ltin
g i
n N
et
Pro
fit
Befo
re
Ta
x o
f R
p 2
2.1
bil
lio
n.
Net
Pro
fit
Aft
er
Ta
x (
NPA
T)
incr
ease
d
by
20
% t
o R
p 1
7.6
bil
lio
n f
rom
th
e
pre
vio
us
year.
Ad
dit
ion
all
y,
for
the
OT
HE
RS
La
inn
ya
PT
AS
UR
AN
SI
IND
RA
PU
RA
(A
I)
Tahun
2011
kin
erja A
I ya
ng
baik
teru
s b
erlanju
t.
Penu
tup
an
pre
mi b
ruto
naik
31%
dib
andin
gkan
tahun
seb
elu
mnya
dan
lab
a p
enu
tup
an
resi
ko m
enin
gkat
73
% m
enja
di R
p 1
1,1
mili
ar,
akib
at
perb
aik
an
sta
ndar
penu
tup
an
resi
ko
dan
manaje
men
kla
im.
Pendap
ata
n inve
stasi
mengala
mi se
dik
it p
enuru
nan
menja
di R
p 1
0
mili
ar, s
ehin
gga L
ab
a B
ers
ih S
eb
elu
m P
aja
k
men
cap
ai R
p 2
2,1
mili
ar.
Lab
a B
ers
ih S
ete
lah
Paja
k n
aik
20
%
men
jad
i R
p 1
7,6
mili
ar
dib
an
din
gkan
tah
un
seb
elu
mn
ya.
Sela
in itu
, se
lam
a t
iga t
ah
un
bert
uru
t-tu
rut,
AI te
rpili
h s
eb
ag
ai sa
lah
satu
dari
sep
ulu
h p
eru
sah
aan
asu
ran
si u
mu
m
terb
aik
di In
do
nesi
a o
leh
maja
lah
In
fob
an
k.
Hal in
i m
en
cerm
inkan
pen
gaku
an
pih
ak
ind
ep
en
den
ata
s ko
nsi
sten
si k
inerj
a b
aik
AI.
thir
d c
on
secu
tiv
e y
ear,
AI
was
rate
d
am
on
gst
th
e t
op
ten
gen
era
l in
sure
rs
in t
he c
ou
ntr
y b
y I
nfo
ba
nk
mag
azin
e.
Th
is i
nd
ep
en
den
tly
affi
rms
AI’
s
con
sist
en
t p
erf
orm
an
ce.
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
RE
NT
(A
NJR
)
AN
JR a
nd
its
su
bsi
dia
ry,
AN
JF,
succ
ess
full
y h
arn
ess
ed
th
e s
yn
erg
ies
betw
een
th
e c
ar
ren
tal
an
d c
on
sum
er
fin
an
ce b
usi
ness
es.
Th
ese
sy
nerg
ies,
alo
ng
wit
h s
ou
nd
im
ple
men
tati
on
of
bu
sin
ess
str
ate
gie
s, p
rom
ote
d a
str
on
g
op
erati
on
al
perf
orm
an
ce f
or
20
11
.
Rev
en
ue i
n 2
011
in
crease
d b
y 4
0%
yea
r-o
n-y
ea
r, d
riv
en
by
a 3
7%
in
crease
in r
en
tal
car
nu
mb
ers
of
AN
JR a
nd
a
13
1%
in
crease
in
bo
ok
ing
s in
AN
JF.
Pro
fit
Aft
er
Ta
x (
PA
T)
in cr
ease
d b
y
26
% f
rom
Rp
70
.9 b
illi
on
in
20
10
to R
p 8
9 b
illi
on
in
20
11
wh
ile R
OE
incr
ease
d f
rom
22
.1%
to
22
.5%
.
PT
GA
DIN
G M
AS
IN
DO
NE
SIA
N
TO
BA
CC
O (
GM
IT)
Po
or
weath
er
patt
ern
s in
20
11 s
ev
ere
ly
lim
ited
th
e s
up
ply
of
Bes
NO
wra
pp
er-
bin
der
tob
acco
. A
s a
resu
lt,
sale
s
decli
ned
by
32
% f
rom
20
10
. G
MIT
co
nti
nu
es
to s
triv
e f
or
op
era
tio
na
l
ex
cell
en
ce.
Lo
ok
ing
at
20
12
, G
MIT
wil
l em
ph
asi
ze d
om
est
ic s
ale
s; e
xp
an
d
pa
rtn
ers
hip
s w
ith
fa
rmers
an
d s
elf
-
pla
nti
ng
to
in
crease
Bes
NO
wra
pp
er-
bin
der
sup
ply
; an
d c
on
tin
ue b
uil
din
g
its
tale
nt
man
agem
en
t p
rog
ram
to
dev
elo
p s
taff
cap
aci
ty.
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
RE
NT
(AN
JR)
AN
JR d
an
an
ak p
eru
sah
aan
nya
, A
NJF
, te
lah
berh
asi
l m
em
an
faatk
an
sin
erg
i an
tara
bis
nis
pen
yew
aan
mo
bil
dan
pem
bia
yaan
ko
nsu
men
.
Sin
erg
i in
i, b
ers
am
a d
en
gan
kem
an
tap
an
imp
lem
en
tasi
str
ate
gi b
isn
is,
men
du
ku
ng
kin
erj
a o
pera
sio
nal ya
ng
ku
at
pad
a 2
011
.
Pendapat
an
pada 2
011
menin
gka
t se
besa
r 4
0%
dib
an
din
gkan
den
gan
tahu
n lalu
, d
iseb
ab
kan
ole
h k
en
aik
an
ju
mla
h k
en
dara
an
yan
g d
i-
sew
akan
AN
JR s
eb
esa
r 37%
dan
pen
ing
kata
n
pem
beri
an
piu
tan
g k
on
sum
en
ole
h A
NJF
seb
esa
r 131%
. La
ba S
ete
lah
Paja
k m
en
ing
kat
26
% d
ari
Rp
70
,9 m
ilyar
pad
a 2
010
men
jad
i
Rp
89
mily
ar
pad
a 2
011
dan
Tin
gkat
Pen
gem
balia
n E
kuit
as
men
ing
kat
dari
22,1
%
men
jad
i 2
2,5
%.
PT
GA
DIN
G M
AS
IN
DO
NE
SIA
N T
OB
AC
CO
(GM
IT)
Po
la c
uaca
bu
ruk s
ela
ma 2
011
men
gakib
atk
an
san
gat
terb
ata
snya
paso
kan
tem
bakau
Bes
NO
wra
pp
er
dan
bin
der. S
eb
ag
ai akib
atn
ya,
pen
juala
n m
en
uru
n 3
2%
dari
tah
un
2010
.
GM
IT t
eru
s b
eru
paya
men
cap
ai ke
un
gg
ula
n
op
era
sio
nal. S
ela
ma 2
012,
GM
IT a
kan
menin
gka
tkan
penju
ala
n d
om
est
ik; m
em
perluas
kerj
a s
am
a d
en
gan
peta
ni
dan
mela
ku
kan
pen
an
am
an
sen
dir
i u
ntu
k m
en
ing
katk
an
paso
kan
wra
pp
er
dan
bin
der
Bes
NO
; d
an
mela
nju
tkan
pro
gra
m t
ale
nt
man
ag
em
en
t
un
tuk m
em
ban
gu
n k
ap
asi
tas
kary
aw
an
.
20
11
An
nu
al
Rep
ort
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
p.3
2p
.31
BO
AR
D O
F C
OM
MIS
SIO
NE
RS
De
wa
n K
om
isa
ris
AD
RIA
NT
O M
AC
HR
IBIE
RE
KS
OH
AD
IPR
OD
JO
Pre
sid
en
t C
om
mis
sio
ner
Mr.
Ad
rian
to M
ach
rib
ie b
eca
me a
mem
ber
of
the B
oard
of
Co
mm
issi
on
ers
of
PT
Au
stin
do
Nu
san
tara
Jay
a (
AN
J)
sin
ce J
uly
19
96
an
d P
resi
den
t
Co
mm
issi
on
er
sin
ce S
ep
tem
ber
20
03
.
He w
as
Co
mm
issi
on
er o
f P
T F
reep
ort
Ind
on
esia
an
d a
lso
th
e k
ey S
enio
r A
dv
iso
r
to t
he O
ffice
of
the C
ha
irm
an
of
the
pare
nt
com
pan
y o
f P
T F
reep
ort
In
do
nes
ia,
Fre
ep
ort
McM
oR
an
Co
pp
er
& G
old
.
Mr.
Mach
rib
ie i
s cu
rren
tly
th
e P
resi
den
t
Dir
ect
or
of
PT
Med
ia T
ele
vis
i In
do
nesi
a
Ad
ria
nto
Ma
chri
bie
Re
kso
ha
dip
rod
jo
Ko
mis
ari
s U
tam
a
Bap
ak A
dri
an
to M
ach
rib
ie m
en
jad
i an
gg
ota
Dew
an
Ko
mis
ari
s PT A
ust
ind
o N
usa
nta
ra J
aya
(AN
J) s
eja
k J
uli
19
96
dan
men
jad
i K
om
isari
s
Uta
ma s
eja
k S
ep
tem
ber
20
03
. B
elia
u a
dala
h
man
tan
Ko
mis
ari
s PT F
reep
ort
In
do
nesi
a d
an
Pen
asi
hat
Sen
ior
dari
Off
ice o
f th
e C
hair
man
ind
uk p
eru
sah
aan
PT F
reep
ort
In
do
nesi
a,
yait
u F
reep
ort
McM
oR
an
Co
pp
er
& G
old
.
Saat
ini Pak M
ach
rib
ie m
en
jab
at
seb
ag
ai
Dir
ektu
r U
tam
a P
T M
ed
ia T
ele
visi
In
do
nesi
a
(Metr
o T
V),
sta
siu
n t
ele
visi
yan
g m
en
yiark
an
beri
ta s
ep
uta
r In
do
nesi
a 2
4 jam
. B
elia
u
meru
pakan
an
gg
ota
dari
berb
ag
ai o
rgan
isasi
pro
fesi
on
al se
pert
i D
ew
an
Pen
gu
rus
INA
(Aso
siasi
In
do
nesi
a–
Bela
nd
a),
Dew
an
Wali
Am
an
at
USIN
DO
(A
meri
ka S
eri
kat–
Ind
on
esi
a),
Th
e C
om
mis
sio
n’s
Paci
fic
Asi
a G
rou
p s
eb
ag
ai
wakil
du
nia
usa
ha In
do
nesi
a,
Dew
an
Pen
asi
hat
IMA
(A
sosi
asi
Pert
am
ban
gan
In
do
nesi
a),
Ketu
a
Ko
mit
e S
pan
yol d
an
Po
rtu
gal u
ntu
k K
am
ar
Dag
an
g In
do
nesi
a (
KA
DIN
).
Seb
elu
mn
ya,
Pak M
ach
rib
ie ju
ga m
en
jab
at
seb
ag
ai an
gg
ota
berb
ag
ai o
rgan
isasi
, an
tara
lain
Dir
eksi
IM
A,
Dir
eksi
In
do
cop
per
Inve
stam
a,
Dew
an
Ris
et
Nasi
on
al (D
RN
) b
idan
g S
um
ber
Daya
Ala
m,
En
erg
i d
an
Lin
gku
ng
an
, D
ew
an
Pen
gem
ban
gan
Pro
gra
m K
em
itra
an
(D
PPK
)
an
tara
perg
uru
an
tin
gg
i d
an
du
nia
usa
ha,
Dew
an
Wali
Am
an
at
ITB
, K
om
ite P
em
ulih
an
Eko
no
mi N
asi
on
al (K
PEN
), K
etu
a K
om
ite
Am
eri
ka S
eri
kat
KA
DIN
dan
man
tan
Ketu
a
Ko
mit
e S
um
ber
Daya
Min
era
l K
AD
IN.
Pak
Mach
rib
ie m
en
yan
dan
g g
ela
r M
ag
iste
r Ilm
u
So
sial d
ari
Th
e In
stit
ute
of
So
cial Stu
dy,
Den
Haag
, B
ela
nd
a d
an
Sarj
an
a H
uku
m d
ari
Un
ivers
itas
Ind
on
esi
a.
Ari
fin
M.
Sir
eg
ar
Ko
mis
ari
s
Dr.
Ari
fin
Sir
eg
ar
men
jad
i an
gg
ota
Dew
an
Ko
mis
ari
s A
NJ
seja
k A
pri
l 2
001.
Belia
u a
dala
h
jug
a K
om
isari
s U
tam
a P
T A
irfa
st In
do
nesi
a d
an
an
gg
ota
Dew
an
Ko
mis
ari
s PT C
ab
ot
Ind
on
esi
a.
Sela
in itu
, b
elia
u p
ern
ah
men
jab
at
seb
ag
ai
Kom
isaris
Uta
ma P
T M
ed
co E
nerg
i In
tern
atio
nal,
Tb
k d
an
seb
ag
ai Pen
asi
hat
Inte
rnasi
on
al p
ad
a
Go
ldm
an
Sach
s (A
sia P
aci
fic)
L.L
.C.
sela
ma
8,5
tah
un
. Seb
elu
mn
ya,
Dr.
Sir
eg
ar
pern
ah
men
jab
at
seb
ag
ai D
uta
Besa
r In
do
nesi
a
un
tuk A
meri
ka S
eri
kat
(19
93
–19
97
),
(Metr
o T
V),
a 2
4 h
ou
r In
do
nesi
an
New
s C
han
nel.
He i
s a
lso
a m
em
ber
of
vari
ou
s p
rofe
ssio
na
l o
rgan
izati
on
s
incl
ud
ing
Bo
ard
of
Go
vern
or
of
INA
(In
do
nesi
a N
eth
erl
an
ds
Ass
oci
ati
on
),
Bo
ard
of
Tru
stee o
f U
SIN
DO
(U
nit
ed
Sta
tes–
Ind
on
esi
a),
Th
e C
om
mis
sio
n’s
Paci
fic
Asi
a G
rou
p r
ep
rese
nti
ng
Ind
on
esi
an
Bu
sin
ess
, B
oard
of
Ad
vis
or
of
IMA
(In
do
nesi
a M
inin
g
Ass
oci
ati
on
), C
hair
man
of
Ind
on
esi
an
Ch
am
ber
an
d I
nd
ust
ry (
KA
DIN
)–
Sp
ain
an
d P
ort
ug
al
Co
mm
itte
e.
Pre
vio
usl
y P
ak
Mach
rib
ie h
as
als
o
been
mem
ber
of
Bo
ard
of
IMA
, B
oard
of
Dir
ect
or
Ind
oco
pp
er
Inv
est
am
a,
Nati
on
al
Rese
arc
h C
ou
nci
l (D
RN
)
for
Natu
ral
Reso
urc
es,
En
erg
y a
nd
En
vir
on
men
t, B
oard
Mem
ber
of
Co
un
cil
for
the D
ev
elo
pm
en
t o
f
Part
ners
hip
Pro
gra
ms
(DP
PK
) b
etw
een
un
ivers
itie
s an
d b
usi
ness
es,
Bo
ard
of
Tru
stee o
f IT
B (
Ban
du
ng
In
stit
ute
of
Tech
no
log
y),
Bo
ard
Mem
ber
of
Nati
on
al
Eco
no
mic
Dev
elo
pm
en
t
Co
mm
itte
e (
KP
EN
), P
resi
den
t o
f U
S
Co
mm
itte
e o
f K
AD
IN a
nd
Ch
air
man
of
Min
era
l R
eso
urc
es
Co
mm
itte
e o
f
KA
DIN
. P
ak
Mach
rib
ie h
old
s a M
ast
er
Deg
ree i
n S
oci
al
Sci
en
ce,
in T
he H
ag
ue,
Neth
erl
an
ds
an
d a
Bach
elo
r D
eg
ree i
n
Law
fro
m U
niv
ers
ity
of
Ind
on
esi
a.
AR
IFIN
M.
SIR
EG
AR
Co
mm
issi
on
er
Dr.
Ari
fin
Sir
eg
ar
beca
me a
mem
ber
of
the B
oard
of
Co
mm
issi
on
ers
of
AN
J si
nce
Ap
ril
20
01
. H
e i
s a
lso
th
e
Pre
sid
en
t C
om
mis
sio
ner
of
PT
Air
fast
Ind
on
esi
a a
nd
a m
em
ber
of
the B
oard
of
Co
mm
issi
on
ers
of
PT
Cab
ot
Ind
on
esi
a.
He a
lso
ser
ved
as
Pre
sid
ent
Co
mm
issi
on
er
of
PT
Med
co E
nerg
i In
tern
ati
on
al
Tb
k a
nd
as
Inte
rnati
on
al
Ad
vis
or
to
Go
ldm
an
Sach
s (A
sia P
aci
fic)
L.L
.C.
for
8.5
years
. P
rev
iou
sly,
Dr.
Sir
eg
ar
was
the I
nd
on
esi
an
Am
bass
ad
or
to t
he
Un
ited
Sta
tes
of
Am
eri
ca (
19
93
–1
99
7),
20
11
An
nu
al
Rep
ort
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
p.3
4p
.33
Men
teri
Perd
ag
an
gan
(19
88
–19
93
),
Gu
bern
ur
Ban
k In
do
nesi
a (
19
83
–19
88
) d
an
Dir
ektu
r B
an
k In
do
nesi
a (
1971
–19
83
).
Seb
elu
mn
ya,
Dr.
Sir
eg
ar
men
jab
at
seb
ag
ai
Wakil
Teta
p In
ter n
ati
on
al M
on
eta
ry
Fun
d d
i La
os
(19
69
–1971),
eko
no
m I
MF
di W
ash
ing
ton
, D
.C.
(19
65
–19
69
), e
kon
om
Pers
eri
kata
n B
an
gsa
-Ban
gsa
di B
eir
ut,
Leb
an
on
(19
63
–19
65
) se
rta d
i N
ew
Yo
rk
(19
61
–19
63
). D
r. S
ireg
ar
mem
pero
leh
gela
r D
okto
r Eko
no
mi d
ari
Un
ivers
itas
Mu
nst
er,
Jerm
an
.
Sja
ko
n G
eo
rge
Ta
hij
a
Ko
mis
ari
s
Dr.
Sja
kon
Tah
ija t
ela
h m
en
jab
at
seb
ag
ai
an
gg
ota
Dew
an
Ko
mis
ari
s A
NJ
seja
k G
rup
did
irik
an
pad
a 1
98
5.
Belia
u b
erp
rakti
k
seb
ag
ai K
on
sult
an
Vit
reo
nit
al d
an
meru
pakan
pen
dir
i d
ari
Klin
ik M
ata
Nu
san
tara
(K
MN
),
jari
ng
an
klin
ik m
ata
nasi
on
al d
i In
do
nesi
a.
Belia
u ju
ga m
en
jab
at
seb
ag
ai K
etu
a K
om
ite
Med
ik K
MN
.
Dr.
Tah
ija m
en
yele
saik
an
pro
gra
m f
ello
wsh
ip
dala
m p
en
yakit
ko
rnea d
an
pen
yakit
mata
lu
ar
di U
niv
ers
ity
of
Wis
con
sin
, A
meri
ka S
eri
kat.
Sela
nju
tnya
, b
elia
u m
en
yele
saik
an
pro
gra
m
fello
wsh
ip d
ala
m b
ed
ah
vit
reo
reti
nal d
i Li
on
s
Eye
In
stit
ute
di Pert
h,
Au
stra
lia.
Dr.
Tah
ija m
eru
pakan
an
gg
ota
Dew
an
Pen
dir
i
Inte
rnati
on
al R
eti
na F
ou
nd
ati
on
, an
gg
ota
Am
eri
can
Aca
dem
y o
f O
ph
thalm
olo
gy
(AA
O)
sert
a a
ng
go
ta P
erh
imp
un
an
Do
kte
r Sp
esi
alis
Mata
In
do
nesi
a (
PER
DA
MI)
.
Ista
ma
Ta
tan
g S
idd
ha
rta
Ko
mis
ari
s
Bap
ak I
stam
a S
idd
hart
a m
en
jad
i an
gg
ota
Dew
an
Ko
mis
ari
s A
NJ
seja
k J
uli
20
04
.
Belia
u p
ern
ah
men
jab
at
seb
ag
ai m
an
aje
men
pu
nca
k S
idd
hart
a S
idd
hart
a &
Wid
jaja
,
kan
tor
aku
nta
n p
ub
lik d
i In
do
nesi
a y
an
g
ber a
filia
si d
en
gan
KPM
G,
kan
tor
aku
nta
n
pu
blik
in
tern
asi
on
al. B
elia
u m
eru
pakan
an
gg
ota
Ikata
n A
ku
nta
n In
do
nesi
a.
Belia
u m
en
dap
atk
an
gela
r D
okto
ran
du
s
Aku
nta
nsi
dari
Un
ivers
itas
Ind
on
esi
a.
the M
inis
ter
of
Tra
de (
19
88
–1
99
3),
the G
ov
ern
or
of
the C
en
tra
l B
an
k o
f
Ind
on
esi
a (
19
83
–1
98
8)
an
d a
Man
ag
ing
Dir
ect
or
of
Ban
k I
nd
on
esi
a (
19
71
–1
98
3).
Pri
or
to t
hat,
Dr.
Sir
eg
ar
was
the
Inte
rnati
on
al
Mo
neta
ry F
un
d’s
Resi
den
t
Rep
rese
nt a
tiv
e i
n L
ao
s (1
96
9–1
97
1),
an
IMF
eco
no
mis
t in
Wash
ing
ton
, D
.C.
(19
65
–1
96
9),
Eco
no
mis
t w
ith
th
e U
nit
ed
Nati
on
s in
Beir
ut,
Leb
an
on
(1
96
3–
19
65
) an
d i
n N
ew
Yo
rk (
19
61
–1
96
3).
Dr.
Sir
eg
ar
ho
lds
a P
h.D
in
Eco
no
mic
s
fro
m M
un
ster
Un
ivers
ity,
Germ
an
y.
SJA
KO
N G
EO
RG
E T
AH
IJA
Co
mm
issi
on
er
Dr.
Sja
ko
n T
ah
ija h
as
serv
ed
on
th
e
Bo
ard
of
Co
mm
issi
on
ers
of
AN
J si
nce
the G
rou
p w
as
est
ab
lish
ed
in
19
85
.
He i
s a p
ract
isin
g V
itre
ore
tin
al
Co
nsu
ltan
t an
d F
ou
nd
er
of
Kli
nik
Mata
Nu
san
tara
(K
MN
), a
nati
on
al
chain
of
ey
e-c
lin
ics
in I
nd
on
esi
a,
wh
ere
he a
lso
serv
es
as
Ch
air
man
of
the M
ed
ica
l A
dv
iso
ry B
oard
.
Dr.
Ta
hij
a c
om
ple
ted
his
firs
t fe
llo
wsh
ip
train
ing
in
co
rnea
l an
d e
xte
rna
l ey
e
dis
ease
s at
the U
niv
ers
ity
of
Wis
con
sin
,
US
A.
Th
is w
as
foll
ow
ed
by
his
seco
nd
fell
ow
ship
tra
inin
g i
n v
itre
ore
tin
al
surg
ery
at
Lio
ns
Ey
e I
nst
itu
te i
n
Pert
h,
Au
stra
lia.
Dr.
Ta
hij
a i
s a
lso
a f
ou
nd
ing
mem
ber
of
the I
nte
rnati
on
al
Reti
na F
ou
nd
ati
on
an
d
a m
em
ber
of
the A
meri
can
Aca
dem
y
of
Op
hth
alm
olo
gy
an
d t
he I
nd
on
esi
an
Op
hth
alm
olo
gis
ts A
sso
ciati
on
.
IST
AM
A T
AT
AN
G S
IDD
HA
RT
A
Co
mm
issi
on
er
Mr.
Ist
am
a S
idd
hart
a b
eca
me a
mem
ber
of
the A
NJ
Bo
ard
of
Co
mm
issi
on
ers
sin
ce J
uly
20
04
. H
e w
as
the C
hair
man
of
Sid
dh
art
a S
idd
hart
a &
Wid
jaja
,
wh
ich
is
the I
nd
on
esi
an
affi
liate
of
the
inte
rnati
on
al
acc
ou
nti
ng
firm
KP
MG
.
Mr.
Sid
dh
art
a i
s a m
em
ber
of
the
Inst
itu
te o
f In
do
nesi
an
Acc
ou
nta
nts
an
d
ho
lds
a M
ast
er
Deg
ree i
n A
cco
un
tin
g
fro
m t
he U
niv
ers
ity
of
Ind
on
esi
a.
20
11
An
nu
al
Rep
ort
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
p.3
6p
.35
AN
AS
TA
SIU
S W
AH
YU
HA
DI
Co
mm
issi
on
er
Mr.
Wa
hy
uh
ad
i w
as
ap
po
inte
d a
s a
Co
mm
issi
on
er o
f A
NJ
in J
an
uary
20
06
.
Pre
vio
usl
y,
he w
as
the C
orp
ora
te
Serv
ices
Dir
ect
or
of
AN
J fr
om
19
97
to 2
00
5.
He h
as
bro
ad
ex
peri
en
ce i
n
corp
ora
te a
dm
inis
trati
on
an
d h
as
serv
ed
as
dir
ect
or
an
d c
om
mis
sio
ner
of
vari
ou
s
com
pan
ies
incl
ud
ing
PT
Ro
thm
an
s
Pa
ll M
all
In
do
nesi
a.
Mr.
Wa
hy
uh
ad
i
ho
lds
a B
ach
elo
r o
f L
aw
fro
m
Saty
aw
aca
na U
niv
ersi
ty i
n I
nd
on
esi
a.
He i
s act
ive i
n p
hil
an
thro
py
an
d i
s
cu
rren
tly
Ch
air
pers
on
of
the B
oard
of
Man
agem
en
t o
f th
e T
ah
ija F
ou
nd
ati
on
.
An
ast
asi
us
Wa
hy
uh
ad
i
Ko
mis
ari
s
Bap
ak W
ahyu
had
i d
itu
nju
k s
eb
ag
ai K
om
isari
s
AN
J p
ad
a J
anu
ari
20
06
. Seb
elu
mnya
belia
u
ad
ala
h D
irektu
r C
orp
ora
te S
erv
ices
AN
J se
jak
19
97
hin
gg
a 2
00
5.
Belia
u m
em
ilki p
en
gala
man
luas
dala
m a
dm
inis
trasi
peru
sahaan
dan
tela
h m
en
jala
nkan
tu
gas
seb
ag
ai d
irektu
r
dan
ko
mis
ari
s d
i b
erb
ag
ai p
eru
sahaan
term
asu
k P
T R
oth
mans
Pall
Mall
Ind
on
esi
a.
Bap
ak W
ahyu
had
i m
en
dap
at
gela
r Sarj
ana
Hu
kum
dari
Un
ivers
itas
Saty
aw
aca
na,
Ind
on
esi
a.
Belia
u s
an
gat
akti
f d
ala
m k
eg
iata
n fi
lantr
ofi
dan
saat
ini m
eru
pakan
Ketu
a Y
aya
san
Tah
ija.
Su
wit
o A
ng
go
ro
Ko
mis
ari
s
Bap
ak S
uw
ito
An
gg
oro
men
jad
i an
gg
ota
Dew
an
Ko
mis
ari
s A
NJ
pad
a A
gu
stu
s 2
010
.
Saat
ini b
elia
u ju
ga m
en
jab
at
seb
ag
ai Pre
sid
en
Ko
mis
ari
s PT C
hevr
on
Paci
fic
Ind
on
esi
a.
Lah
ir d
i M
ala
ng
, Ja
wa T
imu
r, b
elia
u b
erk
ari
r
sela
ma 3
0 t
ah
un
, te
rmasu
k leb
ih d
ari
em
pat
tah
un
seb
ag
ai D
irektu
r U
tam
a C
hevr
on
dan
Dep
uti
Dir
ektu
r Pela
ksa
na C
hevr
on
In
do
Asi
a
Bu
sin
ess
Un
it.
Mu
lai d
ari
Mare
t 2
010
, b
elia
u
men
jab
at
seb
ag
ai Pre
sid
en
Ko
mis
ari
s C
hevr
on
.
SU
WIT
O A
NG
GO
RO
Co
mm
issi
on
er
Mr.
Su
wit
o A
ng
go
ro j
oin
ed
th
e A
NJ
Bo
ard
of
Co
mm
issi
on
ers
in A
ug
ust
20
10
.
Cu
rren
tly
he a
lso
serv
es
in t
he B
oard
of
Co
mm
issi
on
ers
of
PT
Ch
ev
ron
Paci
fic
Ind
on
esi
a a
s P
resi
den
t C
om
mis
sio
ner.
Bo
rn i
n M
ala
ng
, E
ast
Jav
a,
Ind
on
esi
a,
Mr.
Su
wit
o s
pen
t 3
0 y
ears
of
his
care
er
in C
hev
ron
in
clu
din
g o
ver
fou
r y
ears
as
Pre
sid
en
t D
irect
or
of
Ch
ev
ron
an
d
Dep
uty
Man
ag
ing
Dir
ect
or
of
Ch
ev
ron
Ind
oA
sia B
usi
ness
Un
it.
He b
eca
me
Pre
sid
en
t C
om
mis
sio
ner
of
Ch
ev
ron
in M
arc
h 2
010
.
Bap
ak S
uw
ito
lu
lus
dari
ju
rusa
n T
ekn
ik E
lektr
o
Insi
titu
t Te
kn
olo
gi B
an
du
ng
dan
mem
pero
leh
gela
r M
ast
er
of
Sci
en
ce d
ala
m P
ow
er
Syst
em
Eng
ineeri
ng
dari
Un
ion
Co
lleg
e, S
chen
ect
ad
y
New
Yo
rk s
ert
a M
BA
dala
m In
tern
ati
on
al
Busi
ness
Manag
em
ent
dari
Mic
hig
an,
Ann
Arb
or.
Bap
ak S
uw
ito
men
ikah
den
gan
Ib
u S
ri D
iast
uti,
dan
mem
iliki em
pat
ora
ng
pu
tra.
Mr.
Su
wit
o h
old
s a d
eg
ree i
n e
lect
rica
l
en
gin
eeri
ng
fro
m t
he B
an
du
ng
Inst
itu
te o
f T
ech
no
log
y a
nd
a M
ast
er
of
Sci
en
ce i
n P
ow
er
Sy
stem
En
gin
eeri
ng
fro
m U
nio
n C
oll
ege,
Sch
en
ect
ad
y
New
Yo
rk a
s w
ell
as
an
MB
A i
n
Inte
rnati
on
al
Bu
sin
ess
Man
agem
en
t
fro
m M
ich
igan
, A
nn
Arb
or.
Mr.
Su
wit
o i
s m
arr
ied
to
Sri
Dia
stu
ti
an
d h
as
fou
r so
ns.
20
11
An
nu
al
Rep
ort
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
p.3
8
Dew
an
Pen
asi
hat
Glo
bal Exe
cuti
ve M
BA
,
the D
ard
en
Sch
oo
l o
f B
usi
ness
, U
niv
ers
ity
of
Vir
gin
ia,
dan
Yo
un
g P
resi
den
t’s
Org
an
izati
on
(YPO
) In
do
nesi
a C
hap
ter.
Belia
u t
ela
h m
en
erb
itkan
du
a b
uah
bu
ku
kis
ah
perj
ala
nan
: La
nd
of
Wate
r d
an
A W
alk
in
th
e C
lou
ds.
Co
un
cil
(AB
C),
Glo
ba
l E
xecu
tiv
e M
BA
Ad
vis
ory
Bo
ard
, th
e D
ard
en S
cho
ol
of
Bu
sin
ess
an
d t
he Y
ou
ng
Pre
sid
ent’
s
Org
an
izati
on
(Y
PO
) In
do
nesi
a C
hap
ter.
He h
as
pu
bli
shed
tw
o t
rav
el
bo
ok
s:
La
nd
of
Wa
ter
an
d A
Wa
lk i
n t
he C
lou
ds.
Isti
ni
Ta
tie
k S
idd
ha
rta
Dir
ek
tur
Ibu
Ist
ini Sid
dh
art
a b
erg
ab
un
g d
en
gan
AN
J
seb
ag
ai D
irektu
r K
eu
an
gan
seja
k 2
001.
Seb
elu
mn
ya b
elia
u a
dala
h P
art
ner
pad
a
Sid
dh
art
a S
idd
hart
a &
Hars
on
o,
kan
tor
aku
nta
n p
ub
lik a
ng
gota
KPM
G.
Belia
u m
era
ih
gela
r M
BA
dari
An
ders
on
Gra
du
ate
Sch
oo
l o
f
Man
ag
em
en
t, U
CLA
, A
meri
ka S
eri
kat.
Ibu
Ist
ini ad
ala
h a
ng
go
ta a
kti
f Ik
ata
n A
ku
nta
n
Ind
on
esi
a.
Dala
m o
rgan
isasi
in
i b
elia
u p
ern
ah
men
jab
at
seb
ag
ai K
etu
a D
ew
an
Sta
nd
ar
Aku
nta
nsi
Keu
an
gan
dan
an
gg
ota
Dew
an
Ko
nsu
ltati
f Sta
nd
ar
Aku
nta
nsi
Keu
an
gan
.
IST
INI
TA
TIE
K S
IDD
HA
RT
A
Dir
ecto
r
Ms.
Ist
ini
Sid
dh
art
a j
oin
ed
AN
J as
Fin
an
ce D
irect
or
sin
ce 2
00
1. P
rev
iou
sly,
she w
as
a P
art
ner
of
Sid
dh
art
a
Sid
dh
art
a &
Hars
on
o, a m
emb
er fi
rm
of
KP
MG
. S
he h
old
s an
MB
A d
eg
ree
fro
m t
he A
nd
erso
n G
rad
uate
Sch
oo
l o
f
Man
agem
ent,
UC
LA
, U
SA
.
Ms.
Sid
dh
art
a i
s an
act
ive m
em
ber
of
the I
nd
on
esi
an
In
stit
ute
of
Acc
ou
nta
nts
,
wh
ere
sh
e w
as
Ch
air
pers
on
of
the B
oard
of
Fin
an
cia
l A
cco
un
tin
g S
tan
dard
s an
d
mem
ber
of
the C
on
sult
ati
ve B
oard
of
Fin
an
cia
l A
cco
un
tin
g S
tan
dard
s.
GE
OR
GE
SA
NT
OS
A T
AH
IJA
Pre
sid
en
t D
ire
cto
r
Mr.
Geo
rge T
ah
ija, th
e P
resi
den
t
Dir
ect
or
of
PT
Au
stin
do
Nu
san
tara
Jay
a
(AN
J) a
nd
th
e G
rou
p’s
Ch
ief
Ex
ecu
tiv
e
Offi
cer
(CE
O),
is
resp
on
sib
le f
or
the
ov
era
ll s
trate
gic
dir
ect
ion
of
the A
NJ
Gro
up
. H
e h
old
s an
MB
A f
rom
th
e
Dard
en S
cho
ol
of
Bu
sin
ess
, U
niv
ersi
ty
of
Vir
gin
ia, U
SA
.
Mr.
Ta
hij
a c
on
trib
ute
s to
ed
uca
tio
na
l,
eco
no
mic
, en
vir
on
men
tal,
an
d s
oci
al
dev
elo
pm
ent
in I
nd
on
esi
a t
hro
ug
h h
is
part
icip
ati
on
in
vari
ou
s o
rgan
izati
on
s
Ge
org
e S
an
tosa
Ta
hij
a
Dir
ek
tur
Uta
ma
Bap
ak G
eo
rge T
ah
ija,
Dir
ektu
r U
tam
a
PT A
ust
ind
o N
usa
nta
ra J
aya
(A
NJ)
,
bert
an
gg
un
g jaw
ab
ata
s tu
juan
str
ate
gis
kese
luru
han
Gru
p A
NJ.
Belia
u m
era
ih
gela
r M
BA
dari
Dard
en
Sch
oo
l o
f B
usi
ness
,
Un
ivers
ity
of
Vir
gin
ia,
Am
eri
ka S
eri
kat.
Bap
ak T
ah
ija m
em
beri
su
mb
an
gsi
h d
ala
m
pen
gem
ban
gan
pen
did
ikan
, eko
no
mi,
ling
ku
ng
an
dan
so
sial d
i In
do
nesi
a m
ela
lui
pera
n s
ert
an
ya d
ala
m b
erb
ag
ai o
rgan
isasi
,
BO
AR
D O
F D
IRE
CT
OR
SD
ire
ksi
anta
ra lain
: an
gg
ota
Maje
lis W
ali
Am
anat
untu
k
Dard
en
Sch
oo
l o
f B
usi
ness
, an
gg
ota
Dew
an
Pen
gaw
as
dari
En
deavo
r In
do
nesi
a,
Pen
dir
i d
an
Ketu
a d
ari
Co
ral Tr
ian
gle
Cen
ter,
yaya
san
yan
g
mem
beri
kan
pela
tih
an
lap
an
gan
kep
ad
a p
ara
pem
an
gku
kep
en
tin
gan
kaw
asa
n k
on
serv
asi
bah
ari
yan
g t
erl
eta
k d
i an
tara
6 n
eg
ara
dan
berp
usa
t d
i B
ali,
In
do
nesi
a.
Sela
in itu
belia
u
ad
ala
h K
etu
a K
om
ite P
len
o U
niv
ers
itas
Tris
akti
dan
an
gg
ota
Dew
an
Pen
dir
i Seko
lah
PSK
D
Man
dir
i, J
akart
a,
Ind
on
esi
a.
Belia
u ju
ga
an
gg
ota
Dew
an
Pen
asi
hat
dari
Th
e N
atu
re
Co
nse
rvan
cy
(TN
C)
Ind
on
esi
a C
hap
ter,
Maje
lis
Wali
Am
an
at
Asi
a B
usi
ness
Co
un
cil (A
BC
),
incl
ud
ing:
Bo
ard
of
Tru
stees
at
Dard
en S
cho
ol
of
Bu
sin
ess
, E
nd
eav
or
Ind
on
esi
a’s
Bo
ard
of
Su
per
vis
ors
an
d F
ou
nd
er a
nd
Ch
air
man
of
the
Co
ral
Tri
an
gle
Cen
ter,
a f
ou
nd
ati
on
deli
ver
ing
field
tra
inin
g t
o l
oca
l
sta
keh
old
ers
in s
peci
fic
mari
ne
pro
tect
ed
are
as
am
on
g s
ix n
ati
on
s,
base
d i
n B
ali
, In
do
nesi
a, C
hair
man
of
the P
len
ary
Co
mm
itte
e o
f th
e T
risa
kti
Un
iver
sity
Fo
un
dati
on
an
d a
fo
un
din
g
mem
ber
of
PS
KD
Man
dir
i S
cho
ol,
Jak
art
a, In
do
nesi
a. H
e i
s a
lso
a m
emb
er
of
Th
e N
atu
re C
on
serv
an
cy
(T
NC
)
Ind
on
esi
a C
hap
ter
Ad
vis
ory
Bo
ard
, th
e
Bo
ard
of
Tru
stees
of
the A
sia B
usi
ness
20
11
An
nu
al
Rep
ort
PT
AU
ST
IND
O N
US
AN
TA
RA
JA
YA
p.4
0p
.39
GR
OU
P O
RG
AN
IZA
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N S
TR
UC
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Str
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Org
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Gru
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